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ittatuM

untnttttb

AND

HUNT’S

MERCHANTS’

$
REPRESENTING THE

MAGAZINE,

%twhsjjfapt*,

INDUSTRIAL AND COMMERCIAL INTERESTS

OP THE

UNITED

STATES.

{Entered, according to act of Congress, In the year 1882, by Wm. B. Dana & Co., in the office of the librarian of Congress, Washington.

VOL. 34

NO. 877.

SATURDAY, APRIL 15, 1882.
CONTE N T 8

investors

who, by

of the present and prospective
calls for
6s, have been or expect to be
THE CHRONICLE.
417 A New Feature in Life Insur¬
The Financial Situation
obliged to surrender their present holdings. The banks
ance
422
The Burlington
<fc Quincy’s
of issue are to a considerable extent replacing their called
New.Acquisitions.
419 Railroad Earnings for March,
and from Jan. 1 to March 31 423
Retirement of Prince Gortsehbonds with extended 5s and with the 4 per cents as security
akoff
420 .Monetary
and
Commercial
•The Chronicle ami tlie Cottuii
English News
425 for
circulation; savings institutions give these and the 4£
421 Commercial and Miscellaneous
Speculation...
News
427
per cents the preference; and those who are investing
THE BANKERS’ GAZETTE.
.Money Market. Foreign Ex
Quotations of Stocks and Bonds 430 trust funds select the 4s, even though at current figures
New York Local Securities.... 431
change, 11.8. Securities, State
Bonds and
and Railroad
Railroad Earnings and Bank
they yield a comparatively low rate of interest. Some
Stocks
428
Returns
432
banks are retiring their circulation rather than pay the
iRauge in Prices at the N. Y.
Investments, and State, City
Stock Exchange
and Corporation Finances... 433
429
THE COMMERCIAL TIMES.
high premium for the 4 per cent bonds, but many others
Commercial Epitome
430 I Breadstufts
441 are
continuing their issues, and one prominent firm of
Cotton
430 | Dry Goods
442
bankers who are authority on matters relating to Govern*
ment bonds, show by a recent circular that there is a
Chronicle.
profit in a bank retaining its circulation secured by 4 per
The Commercial and Financial Chronicle is issued emery Satur¬
cents even as high as 130.
day morning, with the latest news up to midnight of Friday.
It is expected that calls for the extended 6s will
I Entered at the Post Olliee, New York, N. Y., as second-class mail matter.J
oxhaust the amount now outstanding—$109,901,000, of
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
which $30,000,000 are already called—by the 1st of Sep*
For One Year (including postage)
$10 20.
tember.
Then the Secretary of the Treasury will com¬
For Six Mouths
do
6 10.
Annual subscription in London (including postage)
£2 7b.
mence. redeeming
do
Sixmos.
do
do
1 8s.
the extended 5s, amounting to $401,Subscriptions will be continued until ordered stopped by a written
At the rate of $15,000,000 per month, which is.
order, or at the publication office. The Publishers cannot be responsible 503,900.
for Remittances unless made by Drafts or Post-Office Money Orders.
a
low estimate—if the revenue is not cut down by a
A neat tile cover is furnished at 50 cents; postage on the same is 18
•cents.

.

revision of the

Volumes bound for subscribers at $1 00.

The office of the

Liverpool Office.
Chronicle in Liverpool is at No. 5 Brown’s Build¬

ings, where subscriptions and advertisements will be taken at the
regular rates, and single copies of the paper supplied at Is. each.
william B. DANA.
#OHN a. FLOYD.

WILLIAM B. DANA & 00., Publishers,

\

j

79 & 81 William Street, NEW YORK.
Post Office Box 958.

THE FINANCIAL SITUATION.

There is very little change to note in the situation this
week. The stock market continues depressed.
General
trade is not

quite so buoyant as it has been, but seems to
improving, railroad earnings are comparing very favor¬
ably with those of a year ago, money is easy not only at
home but abroad, and there is really little that is dis¬
couraging in the outlook. The great central and con¬
trolling fact is that the leaders’ “ pegs ” have been pulled

be

out and their utin boxes”

put away. Perhaps the moral
might be drawn that when operators in stocks learn to
have a judgment of their own and not follow like a
shadow the uncertain and often deceptive movements of
leaders, the stock market will right itself, the wheat and
the chaff will be estimated at their true value,
will

no

longer he

thoroughly

it now is, so like
defeated and discouraged.
as

reason
the extended

an

and the Street
army of men

to be

revenue

surrendered

laws—the whole of these will have

by the end of 1884, and then there will

nothing available for the banks, savings institutions
except the 4 and 4| per cents, which, by
that time, will probably be almost wholly withdrawn from
the market.
The holdings of United States bonds by the
banks, as security for circulation, are shown in the fol¬
lowing table comparing the amount so held February 5,
1881, before the bank panic of last year, with April 30,
30, 1881, when the extended 6s first appeared as security
for notes, and with January 1st and April 1st, 1882.
be

and trust funds

1882.

1831.

Bonds.

February 5.
U. S. 6s

April 30.

$
$
50,176,850 38,358,950
162,734,850 168,335,700
6,652,900

January 1.

April 1.

$

Currency 6s

194,000
174,000
51,482,000 41,272,000
192,318,850 199,188,900
36,367,550 34,806,550 32,280,650 32,303,850
106,109,300 102,701,900 91,924,600 93,315,950
3,846,000
3,646,060
3,846,000
3,916,000

Total

359,301,550 154,702,000 372,052,100 369,900,700

U. S. 5s
Extended 6s

Extended 5s
U. 8. 4^s

U. 8. 4s

This

shows

that

the

extended 5s have heretofore

replaced the called extended 6s to a large extent. But
The most note
by and favorable feature of the market there is now a disposition to substitute the 4s for the
has been the conuiiueu advance in the 4 and
per cent called bonds, and purchases of even the 4^s for this pur
United States bonds, which are now selling at the highest pose are comparatively light.
The stock market has during the week shown the
figures ever recorded. This is due to an urgent demand
from banks, but
mainly from savings^ institutions and absence of leadership, as noted above. While prominent




THE

418

CHRONICLE.

being supported, as they were, for the three
weeks ended April 1, there was very little difficulty in
determining the probable course of the market. The with¬
drawal of that support has shown its demoralizing effect
this week more even than it did last week, since specu¬
stocks

[Vox,. XXXIV.
Into Banks.

were

lators for

a

rise felt for

some

Interior movement

many were confident
would not desert them in their extremity.
But,

that he

■Net Gain.

$7,639^998

$

3,329,000

1,098,000

$10,968,998

$1,098,000

223,000

exported this week

Total

Foreign exchange

time almost certain of the

leadership of Mr. Gould, and

$7,639,998

Sub-Treasury operations, net...
Gold

Out of Banks

Then

the

market

reduced

were

half

was quiet but
weakened and
a

cent.

firm until
on

$0,870,998

Wednesday.

Thursday the

The decline

rates
due to the

sad to
relate, the evidence was not wanting on Monday that Mr. pressure of bills drawn against stocks bought in
Gould had abandoned to their fate the speculative craft. this market for London account.' For some time, as will
Reports, seemingly on good authority, were to the effect have been seen by our table, the prices of securities have
that he had been a free seller of stocks during the three' been relatively higher in London than here, thus affording
weeks’ rise, that he had taken advantage of a short a good margin of profit for cable transactions. Stocks
interest in some of his specialties to unload more stocks have been sold in London and covered here and the
last week, and that he wae now content to see the market bankers have drawn demand bills for the proceeds.
decline, being unwilling longer to aid either in sustaining These operations have now become so large in the aggre¬
it or forcing it upwaed.
gate that the impression above noted has been made upon
Speculators for a decline have therefore been more bold the exchange market. As long as London continues to
in their operations this week.
Previously they feared a rule higher than New York we may look for a supply of
trap. Now they see that there need be no apprehensions bills from this source in sufficient volume to keep sterling
of interference on the part of Mr. Vanderbilt or his just below the gold-shipping point.
The following will
show
relative
prices in London and New York at the
following, and they are almost ready to claim Mr. Gould
as a companion.
The raids have been vigorous without opening each day this week.
being too demoralizing in their effects, and the attacks
April 10.
April 11.
April 12.
April 13.
April 14.
have generally teen successful.
Aided by the news of the
London N.Y. Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
cold winds and snow storm which swept over the Western
d
prices* prices. prices.* prices. prices* prices. prices* prices.
'c
and a portion of the Southern States, they attacked first U.S.4s,c.
11955 n m 11906 110% 119-5") 12036 129-17
103-35 102}^ 10311 102% 10335 102>4 10314 102
U.S.3%s
one and then another of the Western stocks and finally
36 05
Erie
35-84
35*34
35%
85%
3515
35%
34*
•2
94-51
94-51
assailed Louisville & Nashville.
93
9329
9310
9334
92%
m
Reports that the Illinois 2d con.
>>
Ill. Cent.
13612
13434 13625 134% 136-00 13534 13524 133*
railroads were likely to suffer from the exactions of the new N. V. C..
13109
12962 12834 128-38 137«
312934 130-35 129
30 93+
30 56+ 60
Reading
30-13+ 59%
60% 30*441 60
regulations imposed by the State Commissioners helped to
w
depress the stocks of roads having charters granted by Exch’ge,
cables.
:
4-91
4-91
4-91
4-90
was

o

a

c

.3

r-H

O

-■

that

State.

The

absence

of the

least semblance

of

a
*

“peg” left the Vanderbilt properties open to assault, and
the opportunity was not neglected.
On Wednesday the
report that one of the directors of the Central of New Jersey
had been a free seller of that stock, revived the story that
there was a large floating debt, and accordingly the prop¬
erty fell off sharply, but partially recovered on Thursday
on the announcement that an application would be made
to the Chancellor for permission to close the books for the
election.
A report on Thursday that the Colorado freight
pool had broken up also started a decline in the Wabashes
and other Southwesterns, and the market was kept
unsettled nearly all day.
But yesterday the Street
realized that the Colorado pool had nothing to do with
ths Southwestern Association, so there was a recovering
in those stocks and in the general market also.
Money has been in ample supply during the week, and
it promises to be abundant, for the tendency is very
strongly toward this centre from the interior, as the April
settlements are now over, and the funds which were sent
away for those purposes are coming back.
The Treasury
operations for the week, excluding the receipt of $2,000,000 gold from Philadelphia, have resulted in a loss, which
is a gain to the banks, of $7,639,997 71.
The following

Currency
Gold
Total

Note.—The New York equivalent is based upon the highest rate for
cable transfers, which

ordinarily covers nearly all charges, such a8
interest, insurance aud commissions.

The Bank of

England return for the week shows a gain
£103,000, and an increase of 5 11-16 in the proportion

of

of

reserve

Received.

Shipped.

$3,306,000
23,000

$882,000
216,000

$3,329,000

$1,098,000

America received

last

flected the actual condition of the

no means re¬

banks, for the known
receipts were much larger than appeared in the- returns
Making allowance for this fact, the following will give an

indication of this weeks’ statement,




.

of

France

in each of the

principal
European banks this week, and at the corresponding date

in 1881.
April 15, 1881.

April 14, 1882.

Bank of

England

Bank of France

Bank of

Germany

Total this week
Total previous week

Gold.

Silver.

Gold.

Silver.

£

£

£

£

26,226,075
34.808,428 45,731,628 23,555,134 48,704,665
7,176,250 21,528,750
7,038,000 21,264,000

23,419,964

65,404,642 67,260,378 56,869,229 69,968,665
64,955,165 66,276,386 57,975,459 70,126,685

The above gold and silver division of the stock of coin of the Bank
Germany is merely popular estimate, as the Bank icself gives no
information on that point.
of

payments by the Assay office through Jthe SubTreasury for the week amounted to $66,856. The receipts
by the Assistant Treasurer from the Custom House have
been

as

follows.
Consisting of—
Duties.

Gold.

April

Saturday by

The Bank

exhibits the amount of bullion

$5.000,000gold during

the week for the associated banks.
The bank statement of

liabilities.

reports a
decrease of 475,000 francs gold and of 2,775,000 francs
silver, for the week; and the Bank of Germany sinbe last
report shows a gain of 6,660,000 marks. - The following

Date.

The Bank of

to

The

shows the interior movement for the week.
Receipts at and Shipments from N. Y.

Expressed in their New York equivalent.
Reading on basis of ?50, par value.

+

'•

7
8

...

...

“

10....

“

11....

«
“

$451,790
605,251
549,809
804,425
478,100

63
92
67
27

71

13....

662,987 65

Total...

$3,352,365 8*

u. s.

Silver

Silver

Notes.

Dollars.

Certificates.

$312,000

$29,000

460,000
423,000
605,000
324,000
490,000

14,000

16,000
43,000

$110,000

$
......

1,000
1,000

131.000

110,000
157,000

28,000

1,000

132,000
143,000

$2,614,000 $152,000

$3,000

$783,000

22.000

......

Apkil

THE CHRONICLE.

15, 1882. |

-

the

QUINCY'S NEW
ACQUISITIONS.

THE BURLINGTON

&

Chicago Burlington & Quincy report for the year
1881, in pamphlet form, has reached us this week. The
report of course contains much useful matter, and is an
interesting record of work accomplished ; but it cannot
be said that there is in it anything new or striking—any¬
The

thing for which we were not well prepared by current
news from time to time.
The Boston people at the head

enterprise have won for themselves an enviable
reputation in the management of the property. A con¬
servative, yet aggressive, course has been pursued, and

of this

has proven

very

419

successful.

Burlington & Quincy upon it ? All business bound to
Chicago from Kansas City, which the road secured, it
would have had to give to the Burlington k Quincy at
Viele, its northern terminus, in order to get the haul the
length of its road. It is not likely that it would
tender the business to the Hannibal & St. Joseph at La
Clede, because in that case its own line would get only the
haul over the extension from Kansas City to that point—in
other words, the extension proposed, instead of becoming a
feeder to itself, would have become a feeder to the Hannibal
k St. Joseph.
And as for the business bound to Kansas
City, there was no reason why the Burlington k Quincy
should not carry it over its own line, as now ; there was
nothing to force it to transfer it to the Burlington k
entire

consolidations, combinations and extensions Southwestern at Viele. The St. Louis Keokuk k North¬
which have been effected during the last three years western is an acquisition of a similar kind. It can only be
by other systems tributary to Chicago, St. Louis, meant to guard against possible competition. It gives a
etc., it became necessary for the Chicago Burling¬ line to St. Louis on the west side of the Mississippi, but
ton k Quincy in like manner to protect and strengthen the
Burlington k Quincy has already one line east of the
With the

its

position.

Kansas

With

these

objects' in

City St. Joseph k Council Bluffs

view

was

the

acquired,

river in the Rockford Rock Island k St.

Louis, and it has

pressing use for another.
We do not assert that these ventures are likely to
against the active competition of Mr. Gould; in further¬
ance of the same ends the St. Joseph k Des Moines was
prove unprofitable.
That depends upon the charge they
added, which, now that the Mount Ayr branch has been will entail.
Probably they were
acquired upon
completed to Albany, Mo., needs only a change of gauge advantageous terms, and will prove very useful as branches
to give the Burlington another outlet to St.-Joseph; the
to the main system and pay the interest on their cost.
management have also made permanent the bond with We refer to the matter simply because it would seem to
the Burlington k Missouri River in Nebraska by amal¬ indicate a departure from that conservative
policy for
which
the
gamation, besides building new branch roads and extend¬
Burlington k Quinr.y management is so justly
ing old ones, so as effectively to drain the country noted, and also Decause it has a certain pertinency now,
adjacent to its system. All these additions seem to have when reports are in circulation that the Burlington k
been needed for the preservation of the company’s
Quincy is negotiating for the possession of the Hannibal
interests.
k St. Joseph, another parallel line.
But with the two
But while saying this, it is undeniable that the pur¬
exceptions named there is as yet no evidence that this
chase of the Burlington k Southwestern and the lease and Boston
company intends to adopt a policy which has
purchase of the St. Louis Keokuk & Northwestern appear proven so disastrous in the case of other systems. The
to belong in a different category.
The acquisition of the combination* and consolidation mania is a dangerous
Kansas City St. Joseph k Council Bluffs, was clearly a
malady when it once takes firm hold of a corporation. It
necessity. The Burlington k Quincy could not afford to begins with the absorption of competing lines, but soon
allow this road, Upon which it was dependent for assumes
larger dimensions; and the “ system ” is only con¬
an
outlet to Kansas City, Council Bluffs and other sidered
completed when every connecting and intersecting
Missouri River points, to
occupy a position where line, bankrupt or solvent, has been taken in, regardless of
it might
at any time fall into
the
hands of the obligations incurred or assumed. If carried to its
parties inimical to its interests. For the same reason logical conclusion there can of course be but one ending to
the St. Joseph k Des Moines, offering the possibility of a such a
course—insolvency and disintegration. It is not
short, independent line to St. Joseph, would seem a wise necessary to give any illustrations. Possibly our readers
investment.
These were necessary as a protection against can recall one or two “
systems ” of this kind that appear
being isolated from connecting roads and reduced to local to be now in the throes of dissolution because of this
No reasonable objections can be raised disorder. Of course, nothing of the kind can be said
importance.
against them. But, as seems to us, the buying of the with regard to the Burlington & Quincy. The cases cited
Burlington & Southwestern can only be given a qualified are only slight exceptions to a traditional policy which
approval at best. The Burlington k Quincy had no need has otherwise been so conservative while at the same
for that road—that is, the road was not
required to secure time progressive.
the
With regard to the branches, which constitute such a
Burlington k Quincy in its possession of business
legitimately seeking a market over its lines. It had in large proportion of the company’s mileage and form such
the Kansas City & Council Bluffs acquired excellent outlets a
strong feature in its condition, all seem to have been
and there was no
longer any danger that it would be cut carefully looked after during the year and added to where
ofi from
any points now reached by it.
To be sure, the necessary. In Missouri 17£ miles of new branch roads
Burlington k Southwestern threatened to become, as the were built, in Iowa 16 miles, and in Illinois 24 miles.
report says, a rival line in a certain sense, having pro¬ The road has already so thoroughly gridironed the terri*
jected an extension of 100 miles to Kansas City ; but is it tory contiguous to its lines in these States that little
the business of a
railroad, or does it pay in the long run further construction is called for from year to year. It is
for it to
buy up every competing or rival line, in operation in Nebraska that there is most room for new mileage.
or
projected ?
And here the company is carrying out the policy pursued
Suppose the extension to Kansas City had been built— with so much energy and profit in the older States
what of it ? Was not the
Burlington k Quincy in posi¬ through which its lines pass, namely that of building new
tion to meet
any competition likely to arise ? As a matter feeders and branches as fast as the business of any section
of
fact, would not the Burlington k Southwestern have seems to warrant it, thus forestalling the action of rival
been more
dependent upon the Burlington k Quincy than lines. In this way 1334 miles were added during 1881,




no

IHE CHRONICLE.

4:0
^.nd other work of
our

'

'

'

are

similar character is in progress.

aware,

extension of the

As

the company has also under way

for
on

$315,800, and 1

per cent for an annual
the bonds would call for $78,950 more,

sinking fund
making toge.

Burlington & Missouri River road to ther $394,750. The additional amount of stock would
Denver, Colorado, and the report informs us that on swell the dividend account (assuming that the same rate
December 31 the extension was completed to a point 77 will be maintained as in 1881) in the sum of $631,600.
miles west of Culbertson, and that it was expected to have The scrip, however, was not entitled to dividends until
the whole line (169 miles remained to be built) in opera¬ April 1, so that the 2 per cent for the March dividend
tion by September 1 next.
should be deducted, leaving $473,700 to this
account,
In the year’s record an event of some importance, as which, added to the $394,750 for interest and
sinking fund
on
the
bonds, gives $868,450 altogether. This amount
indicating the conservative spirit which usually animates
the management, and to which event we made allusion at will be diminished some if the bonds do not bear interest
the time of its occurrence, was the agreement come to from the first of January but from some later date. If
with the W abash with reference to the extension of the therefore, the road would do as well as in the
previous
Missouri Iowa & Nebraska, controlled by the Wabash, year, it will have to earn net in 1882 about $800,000 more
westward through Southern Iowa on toward Omaha. The than in 1881.
We have been favored with a statement of
Burlington & Quincy had planned a line of its own from the company’s earnings for January and February, and
a point
on its Chariton branch to the Missouri River, give it elsewhere.
It shows that in these two months the
through almost the same counties. This promised to give company has increased its net earnings .no less than
two lines in a section of country which for some time to $462,530 over the corresponding
period of 1881. As to
oome will be able to support but one.
the
traffic
statistics
for
The Burlington &
1881, there is nothing to be said,
for
■Quincy wisely evinced a disposition to make some conces¬
virtually there are none given. The number of tons of
sions, rather than invite such an evil ; and being met in freight carried increased from 6,639,186 in 1880 to 6,710,the same spirit by the Wabash managers, little difficulty 750 in 1881, and the number of passengers from 2,800,151
was encountered in reaching
a satisfactory solution.
It to 3,202,817, but that is absolutely all the information
was agreed that only one line should be built—that to be
which the report contains, so no further remarks are
under the joint control of the two parties interested.
needed.
The gross earnings of the company during 1881 were
larger than ever before, being $832,104 above those of RETIREMENT OF PRINCE GORISCHAKOFF.
1880, but owing to the heavier expenses incurred, net are
Among the many indications that the Russian Govern¬
$429,917 smaller than in that year. Of the $1,262,021 ment is about to make a change of policy, is the retirement
increase in expenses $400,000 is ascribed to a natural aug¬ from the management of the Foreign Office of the venerable
mentation on account of the larger business done, and the Prince Gortschakoff.
Since 1856 he has held almost
remainder to the snow and ice of last winter, the floods of undisputed power over the foreign affairs of the Russian
the spring, and to an enhanced cost of labor and materials. Empire, and been virtual head of the State.
For a much
Out of the net earnings of $10,257,636, there was paid longer period he has been a prominent public official, and
$310,667 for rent of tracks and depots, $3,430,454 for has figured largely in the international politics of Europe.
interest on bonds, and $687,246 for sinking funds, leav¬
Born in 1798, he was, while quite a young man, connected
ing a balance of $5,829,269, equivalent to more than 10 with the diplomatic service. As attachI to Count Nesselrode
per cent on the amount of the capital stock outstanding at he was present at the Congresses of Laybach and Yerona.
the close of the year.'" Only 8 per cent was paid, calling He was secretary to the Russian Embassy in London in
for $4,349,287, so that there then remained a surplus of 1824, and after holding positions
successively in Florence
$1,479,982. From this the customary one million was and in Vienna he was sent to Stutgard, where he
transferred to renewal fund, showing an actual surplus to negotiated the marriage of the Grand Duchess
Olga with
the credit of income account of $479,981, besides which the Prince Royal of Wurtemberg.
When the difficulties
the Builington & Missouri road in Nebraska contributed which, ultimately led to the Crimean war arose, Gorts¬
$1,170,437 as the net receipts of its land department. chakoff was the powerful and popular Minister, of Russia
The following table shows some of the results of opera¬ at Vienna, and took an active part in the abortive Con¬
tions for a number of years past.
In explanation of the gress of 1854. At the Paris Conference of 1856 he rep¬
figures for 1880 and 1S81 it should be said that the opera- resented Russia ; and with patriotic zeal and discretion he
tions of the Burlington & Missouri in Nebraska were not watched over the interests of his country. He had been
included in the accounts of the Burlington & Quincy prior Nesselrode’s pupil from. the first, and now that a change
to 1880.
was deemed
necessary he was summoned from his post at
Vienna to St. Petersburg to replace that great statesman
Paid from net earnings.
Mileage
in the ministry of foreign affairs.
Gross
Net
Tears. at end of
Interest.
Dividends.
year.
earnings.
earnings.
Gortschakoff’s later career forms part of the public
1873..
1,268
$11,405,226
$4,970,458
$1,966,300
$2,576,770
By his management of the affairs of
1874..
11,645,318
1,268.
5,131,805
1,958,892
2,661,089 history of Europe.
1875..
1,301
11,791,361
5,361,238
2,014,709
2,685,536 the
Foreign Office, and by his conduct as Imperial Chan¬
1876..
12.057,795
1,343
1,991,957
5,189,249
2,749,066
1877..
1,0_0
12,551.455
5,373,140
2,108,468
2,479,714
cellor, rather than by his earlier successes as a diplomat,
1,709
1878..
14,119,665
6,247,750
2,155,972
2,212,827
1871)..
14.^17,106
1.857
7,200,038
2,110,937
3,081,985 will he be judged
by posterity. His name will be linked
1880..
2,772
20,492,040
10,687,553
*4,366,064
3,282,718
1881..
2,924
21,324,150
10,257,636
3,430,454"
4,349,287 with that of Emperor Alexander II.; and in^the glories
Also $0,217,240 in stock.
and misfortunes of that reign his memory will participate.
It will be observed that during 1881 the amount paid It will be remembered that it was
during the life of Alex¬
for interest increased $148,000.
In the present year it ander, and while Prince Gortschakoff was his chief
would seem the increase will be much larger.
Under the adviser, that twenty-three millions ef human beings were
circular of September 15, providing for the Denver exten¬ emancipated from serfdom, and that in 1861 the Russian
sion, $7^895,000 four per cent bonds were to be issued peasant for the first time in history became a free man.
with which to prosecute that work, and an equal amount It will be remembered that, a few
years later, in 1864, a
of scrip exchangeable for Burlington & Quincy stock similar boon was conferred
upon the Poles.
How far
thrown in as a bonus.
Four per cent interest would call these liberal measures have proved unmixed blessings we
an

,

readers

a

[Vol. XXXIV.

*




AriuL

15, 1S&2.J

THE

CHRONICLE.

121

inquire. It is undeniable that they were THE CHRONICLE AND THE COTTON SPECU¬
LATION.
It will be remembered also that, during
The Louisville Courier-Journal asserts that we have done
this same period, laudable and not unsuccessful efforts
the Southern cotton interest great harm, all
through the
were made to place the State colleges on a level with the
present
season,
by magnifying the probable cotton supply,
best educational institutions in Europe, and that a notable
and that it is our duty now to
acknowledge it and right the
and praiseworthy step in the direction of reform was
matter as far as we can.
We know nothing that gives us
taken by the establishment of elective-representative
more pleasure than
^acknowledge* an error, unless it be
assemblies in the different provinces of the empire.
need not now
well intended.

not to make one;

and we have therefore looked over the
very carefully since we received the CourierJournal's suggestion, so as to be in a position to recant in¬
telligently if we are to recant at all.
Following then the same course of thought our investi¬
gation took, we find that the season opened on a rampant
speculation in cotton, based upon the assumption that the
world’s supply would not be nearly sufficient to meet the
world’s consumption.
Various estimates of our own crop
were
put out to support this theory, all of them, however,
crystallizing in October and November in and about three
statements which an eminent cotton and
banking house
in
the
latter
month
as follows, and which—
epitomized
quished. It is certainly not to be doubted that the same
if we are not mistaken—the Courier-Journal quoted with
expenditure of money and energy, not to speak of the
lives of men, might have been infinitely more fruitful decided approval.
Estimate No. 1—
of good if directed to purposes more immediately affect¬
From 334 counties (Agricultural Bureau), October 15
4,634,725
Estimate No. 2—
From 900 replies, October 24
ing the heart of the empire.
4,516,378
No. 3—
It was Gortschakoff who, when France was humbled in Estimate
From 1,910 replies, November 1
4,709,287
1870. issued his famous circular upsetting the treaty of
Average of above three estimates, bales
4,620,130
185G—a stroke of policy which brought about the London
On the strength of these figures the South began to buy
Conference of 1871, and which humbled both France and future contracts by the thousand.
They could not get too
England—England particularly—in the eyes of the world. many. Only a little more than
million bales of
It was a daring effort ; and it might even then have American cotton
grown this year!
Why of course
involved Europe in war.
The war of 1877, if not Gort- prices would advance ; 20 cents was none too high. This
schakoff’s by inception, was his by encouragment and was the common talk on the street, and Southern people,
support; and if it largely failed of one of its principal who are always ready to believe that the crop is a very
objects, perhaps its main object—the establishment of short one, swallowed the bait and took the contracts with¬
Russian supremacy over the en:ire region of the Balkans— out limit, except such as their bank accounts
interposed
it was because England had not forgotten the impudent in the matter of margins.
and even insolent act of 1870.
The treaty of Berlin was
All this we saw going on in a wild kind of way, and
a counter-blow for the London
arrangement of 1871. It knowing that the whole speculation was baseless and dan¬
was Gortschakoff’s first serious
diplomatic defeat. Russia gerous, for nothing but loss could come out of it, we took
was
unquestionably the victor in the strife; but through the occasion to say, on the 29th of October (page 456) shortly
influence of England she was denied the spoils. Gortschakoff after the Agricultural Bureau figures were issued, that there
had at last found more than a match in Beaconsfield.
was going to
be no dearth of cotton this year, and that it
The treaty of Berlin marks a new phase in the career of would be wise to let Europe have all it wanted at the then
Gortschakoff, as it marks a new departure in the history current prices. April contracts were at that time selling
of Europe.
Latterly the path of the old man—he is now higher than they are selling to-day. Now whose advice
in his eighty-fourth year—has been a
pathway of thorns. was best, those who put out and quoted the above esti¬
Clouds and darkness have been gathering about him. mates approvingly, and who told the South to buy all the
The late war proved in every way unsatisfactory.
It contracts it could get, or ours who told them to keep out
brought no substantial benefits, hardly even glory, and it of the speculation ?
entailed vast burdens upon the nation.
But in January, seeing that the catastrophe was drawing
Some ninety
millions of people boiling over with discontent, nihilist near, we wrote the article the Courier-Journal particularly
conspiracies and nihilist assassinations, the assassination complains of.. If our readers will turn to their file and
of the
Emperor and the threatened assassination of his carefully go over that article (Jan. 14, pages 66 and 67), we
son, the brutal persecution of the Jews—such a persecu¬ think they will agree with us that, taken as a whole, we
tion as has not been witnessed in four centuries—and their never
published anything the teaching of which was more
wholesome
than that, or which if followed by the South
almost
wholesale
from
the
departure
country,—such is
the state of things amidst which the
aged Chancellor would have saved them more money. What we said
finds himself on restoring to his master his official there was, in substance, that prices were not high, but that
trust. We do not wonder that his health is shattered,
and stocks were so large and burdensome that the question of
that rest comes as relief.
The end closes in upon him in price was “ reduced to a question of endurance between
gloom and sorrow.
“New York and Liverpool, with the hot end of the poker
It is safe to say that his
in our hands.”
It is scarcely necessary for us to recall
policy has in many essential
particulars proved a failure. A new departure has become here the disastrous break in prices which occurred just as
necessary if Russia is to maintain her existence. What is we intimated it would, and within one month from the day
wanted now is not extension of
empire, but domestic our article was written. Is there anything here to recant?
reforms; not war, but peace. His retirement seems to We should say that those who led the South into risking
imply that such is the conviction of the Czar and of those their money had better rise and explain, not we who
who are most
warned them in time to save it.
worthy of his confidence.
lines of Imperial conduct the influence of
Gortschakoff was less beneficent. He has always been a
Russian of the Russians. Faithful to the ambitions of
the nobility, and to the traditions of the House of
Romanoff, he has been too anxious to extend the limits of
the empire, and to have his country figure as the first of
military powers.
Conquest has followed conquest in
Asia, until on the north the empire extends to the waters
of the Pacific, and in the central regions south as far
almost as the very confines of British India.
It has yet
to be proved that this extension of empire has been in
any sense a blessing, either to the victors or to the van¬
In other




matter

“

THE

422
But

stated

we

Well,
now

but

our

Louisville
the crop

friend tells

us

that

CHRONICLE.

in that article

lower than before that date.

to be over 5£ million bales.

was

time; and it looks
figure—not much,
little; perhaps the shortage will be a hundred or two

hundred thousand bales.

Still all that is not of the least

is of

Whether this

change is~a
We have always

question.
permanent, and still believe so. But
in favor of the opposite view we have the fact that
there
has not as yet been any very marked
recovery in general
rates, while Government bonds yield a less return now than
ever before.
It is also argued, with considerable plausi¬
bility, that there has been such a transformation in the
wealth-producing conditions of the United States, as well
as in our relations to the commerce and
capital of the
whole world, as to encourage the belief that our
money
market is hereafter to approximate closely to
European
rates.
We are. not at present arguing this question, but
only stating the well-known views of' many, to illustrate
the judiciousness of the action of this Hartford Life
Company. The management have given the benefit of the
doubt, on this interest question, to the policy-holder.
That is to say, they have determined hereafter to act as if
permanent

one

claimed that it

we did; and we thought so at the
as if it
would come short of that

a

[Vol. XXXIV.

was

course a

not

importance in this discussion. The great fact, and the
only fact we have attempted to enforce during the season,
and attempted to enforce in the article in question, was,
not that our crop would reach any certain figure, but
simply that the total supply from all sources would, with
the old stocks left over last October, provide for the consumption. This was the controlling circumstance in the
situation then, and the whole burden of the last half of the
article of the 14th of January.
Furthermore, that con¬
clusion as to total supply was true when written, and it is
now equally true whether our
crop reaches
millions or
the lower figure, which seems at present more likely.
Thus, the upshot of the whole matter appears to be that the interest rate had declined permanently, so as to make
any one who has followed our conclusions this year has it positively sure that the holder of the policy will in any
been right -as to the world's supply, and made money in event be protected.
To understand the matter more fully we have
cotton; and any one who has followed the Louisvilleonly to
Courier-Journal has been wrong as to supply and lost remember that for a life contract to be at the same time
money.
Once more we would ask, Who should recant ?
equable and safe, the company, in fixing the premium,
We would not, however, intimate that there is to be no must know at what rate of interest they can invest the
speculative movement this summer which will give a twist premiums as paid. It is not a question simply of to-day.
to the market. Stocks are certain to be reduced much below It may be forty or more years before the contract of
what they were during the same months of last year, when to-day is completed, and investments of
premiums must
the celebrated corner was engineered.
therefore
go
on
being
made
each
Clearly, therefore,
year; and if the rate of
in the light of such an experience, it would not be wise interest assumed in establishing the premium is
higher
for any one to be short of cotton when money is so abun¬ than the rate earned at any period
during the life of the
dant and the speculative mania is so universal.
The policy, of course the more business of that kind the com.
chances are certainly in favor of a corner and higher prices. pany does the worse it is for it.
These are facts suffi.
And yet, did any of our readers ever know an event to cie'ntly familiar to the most of our readers, and we
only
recall
them
to
illustrate
this
new
happen that all the world expected ?
departure in life insur¬
•

A

NEW FEATURE IN LIFE INSURANCE.

popular notion prevails that life insurance contracts

attended with pretty much the same risks that pertain
to fire contracts.
This is a disagreeable admission for

are

what is claimed

Heretofore 4 to 44- per cent was

the basis fixed
upon by all the States that have legislated on the subject.
The Connecticut Mutual, for the reasons we have given
above, has now determined to change its premiums to a basis
of 3 per cent, that being, according to the belief of President
Greene, the highest rate upon which it is perfectly safe to
reckon during all the time future contracts will run.
It is an extremely interesting fact in this discussion
ance.

A

science, and yet experience,
particularly in this State during the last twenty years,
goes far to encourage such an idea.
For, taking the
percentage of failures to the total number of companies that United States bonds and the securities of States—
of each description existing during that period, it will that is to say, the investments which are most
sought
be found that the life business compares quite unfavorably after by Life Companies—arc being so very rapidly paid
with the fire business.
off.
Since July 31, 1865, we have redeemed fully one
These weaknesses, however, have not of course devel¬ thousand millions of our national obligations, and now the
oped because of any defect in the principles which form reduction is going on at the rate of over 150 millions a
the basis of life policies; for it is still as true as when the year.
With regard to State bonds the same tendency
first company w*as formed here, that with the average prevails.
The debt of New York State, for example,
mortality given, the average interest rate determined, and is now scarcely more than nominal, and will be
the elass of investments fixed, there can be no uncertainty; speedily paid off altogether.
Most of the other North¬
ern
States
are
in
a
similar
condition and they are
conformity to those conditions ensures safety. But at the
same time no business can run itself; honest, watchful and
not likely again to be large borrowers.
So, also,
efficient management is always necessary, and nothing can our best city, county and
township obligations are
supply its place. The life insurance failures were in good rapidly disappearing. Even our own overburdened New
part the product of the delusion that State supervision York will, with its sinking fund arrangements and without
•could be made a substitute for official brains and conscience. recourse to taxation, pay off its present debt in twenty
The truth is, State interference only handicaps the efficient years.
As to real estate mortgages the old ones have
been
manager, while it proves a cover to the weaker brethren.
mostly liquidated, and there are as yet so few new
Give us a web-matured insurance law, and after that the ones being made to take their places, that they are quickly
less the State has to do with the business the better it absorbed.
We are, however, inclined to the opinion that
as an

exact

will be for all interests.

This much at least New York

species of debt in the
experience has established.
early future, but that is a matter wholly of opinion, with
A good illustration of efficient individual
management, not many facts to give color to it at present. Thus all the
in no way dictated by State authority, is seen in the late favorite forms of investment so
long used by Life Com
raction of the Connecticut Mutual of Hartford.
Since the panies seem, for the moment at least, to have passed, or
panic of 1873 rates of interest have evidently ruled much to be rapidly passing, out of existence.
State




we

shall

see

an

increase in this

THE CHRONICLE.

IS, U82.1

April

423

^These facts bring out in clear light a further reason differ much from February in the leading features that
which may be urged for adopting the plan the Connecticut have distinguished this from last year—the only differ¬
Mutual now proposes to pursue. Every one knew that ence being that the distinction between the two years is

in this old conservative company was safe in some particulars more marked. The mild, open win¬
before. But policy-holders will be glad to see that the ter this year, as we have repeatedly said, stands out in
tendency of the officers in charge is in the direction of sharp contrast to the severe, rigorous winter of 1881.
extreme caution and conservatism, and not towards lax Taking each month as a whole, probably February, 1881,
management; the latter being a habit which is not unfre- was worse than any other month of that year. But ob¬
quently developed out of such prosperity as this company struction and loss did not by any means cease with that
has hitherto enjoyed.
Thus we find that faithful officers month. On the contrary, parts of March were much the
worst of the whole period and in some instances the diffi¬
do not need State supervision, and the past has provei
culties extended all through that month, and into April.
that unfaithful ones are not benefited by it.
insurance

Western and Northwestern roads of

RAILROAD EARNINGS IN MARCH\ AND I ROM

and

course

suffered most,

ice

being especially troublesome in those dis¬
prevailing last year, and no
Railroad earnings in March, though unfavorable in the impediments whatever to railroad transportation in those
JANUARY 1

case

of

a

snow

TO MARCH 31.

tricts.

With such conditions

districts this year, we are able to understand how it is
that the Chicago Milwaukee & St. Paul was able to

number of roads and less favorable in the aggre¬

gate than in the previous month, are yet very satisfactory,
bearing in mind the conditions which have prevailed..
The increase averages 22 per cent, made with 15 per cent
additional mileage. The increase in March iast year was
small, less than 9 per cent, on mileage more than 15 per
cent greater, so the increase this year is less significant
than it otherwise would be; still, the 9 per cent increase
last year was made on earnings of 1880, 28 per cent above
those of 1879, which is a fact not to be lost sight of in

increase its

receipts $644,011, from $916,989 to $1,561,000;
the Northwest $517,771, from $1,178,795 to $1,696,566;
and the St. Paul & Omaha $154,130, from $251,649 to
$405,779.
While, however, the railroads’in this section of the
country had the weather in their favor, they had against
them the shortage of the crops.
Remembering how ex¬
ceptional the weather was last year, and how seriously it
the consideration.
The gain of 22 per cent in March interfered with the movement of all kinds of
freight, one
would
compares with a gain of 31 per cent in February and 25
suppose that the grain movement thi3 year would
show
a
much larger total than in the corresponding period
per cent in January; but the smaller percentage in March
is in very great part to be ascribed to the more pro¬ of 1881.
Such is not the case.
Notwithstanding every
nounced character of the adverse forces at work in the influence this year was of a favorable
character, and there
South and Southwest.
The following is our usual table, was an additional stimulus to the free
marketing of
showing the earnings and mileage of each road.
produce in the high prices ruling, the shipments are
GROSS I >RNINGS AND MILEAGE IN MARCH.
decidedly below those of last year, which can only be
accounted
for by a shortage of extraordinary dimensions,
Gross Earnings.
Mileage.
Name of road.
such as all reports agree we have sustained.
To bring out
Increase or
1882.
1882.
1581.
1881.
Decrease.
the fact of a smaller movement this year,’we have pre¬
$
$
$
pared the following table, showing the receipts of flour
Alabama Gt. South.
<>>*,885
295
62,499
+ 6,386
295
224,107
620
564
148,551
+75,556
and grain at the eight Lake and River ports of the West
146
32,376
146
41,036
-8,660
Central Branch..
70,651
385
79,204
300
+ 447
for the four weeks ended April 1, this and last
year.
Central Pacific
1,987,000 1,709,637
+ 277,363 2,917 2,586
..

Chicago <fc Alton

Chic. & Eastern Ill....
Chic. & Gr. Trunk!..
Chic. St. P.Minn. <feO.
Gin. Ind. St. L. &Oh..
Cincinnati Southern..
Cleve. Ak. <& Col
Denv. & Rio Grande..
Des Moines & Ft. U*.
Evansv. <te T. Haute..
Flint & Pere Marq
Gr. Trunk of Canadai
Great West’n of Can.t.
Gr. Bay Win. A St. P..

Hannibal & St. Jos...
Houston E. & W. Tex.
Illinois Central (Ill.)..
Do
(Iowa lines)..

Ind. Bloom. & West...
Intern’l &Gt. North..
Iowa Central
;...
Kan.City Ft.S.<te Gulf.
Lake Erie & Western.

Lon£ Island
Louisville

& Nasliv...
Milw. L. Sh. & West..

Minneap. &

St. Louis*
Mo. Kan. & Texas
Missouri Pacific
Mobile & Ohio
N. Y. «fc New
Eugl'nd.

Northern Pacific
Ohio Central
Peo’ia Dec.&Evansv..

Rich. & Danv.*6
®LL. A.&T.H. in.iine.
Do do (branches).

St.L.IronMt. & So...
St. Louis & San Fran..
ot. Paul Minn. «fe
Scioto Valley...

Man.

Texas & Pacific. ....'
Tol. Delphos & Burl..

Union Pacific

Wab. St. Louis & Pac

Wisconsin Central....
*

t
y

Total
Three

581.483
138,286

529,915

184,933
1.561,000
1,696,566
405,779

115,691
916,989
1,178,795
251,649

208.066

191,005

199,567
44,140

187,402

535,055

23,386
64,828
195,888
833.724
373,044

35,566
168.798

18,215

537,338
158,033
206,235
240,459
89,697
146,000
92,589
146,364
1,073,745
75,268
85,808
472,048
556,120
152,651
256,673
381,000
63,557
04.301

189,399
105,124
73,621
585.008

+ 51,568
+ 16,G49
+ 69,242
+ 644,011
+ 517,771

121,637

4-154,130

107,826
192,085
224,069
51,268
123,000

94,926
129.990

947,959
33,996
43,210

433,343
513,982
230,916
212,018
162,984

49,647
39,614
171,845
132,572
68,565
704,002
262.050

1,456

1,406

-73,016

807
219
292
107
919
402
544
774
241
321
385
328

807

+ 8,976

*

12,180
449,963

318

—36,240

+ 136,562
+ 7,836

~

—7,558
+ 6,035
+87,375
+ 50,207
+ 14,150
+ 16,390
+38.429
+ 23,000
2,337
+ 16.374
+ 125,786
+41,272
+42,598
+ 38,7Oo
-

+ 42,138

-73,265
+ 44,655
+ 221,016
+ 13,910
+ 24,720

+ 17,554

-27,448
+ 5,056

300
335
144

1,062
87
120

250

1,197

880
700
506
316
722
231
190

121
-723
661
912
127

320,962

332,911

319,928

71,736
2,220,832

48.586

+ 23,150

395

1,674,860

1,315,775

1,121,592

+551,972
+ 194,183

169,755

3,720
3,350

104,371

+ 05,384

534

28.816

385
328

275
360

531,004
39,869

274,959

919
402
544
590
190
305

1,230

225

Wheat,

bbls.

bush.

Com,

Oats,

Earley,

bush.

bush.

bush.

Eye,
bush.

■

Chicago—
1882
1881

143,906
225,660

310,072

249,965

26,340

573,490

2,085,066

997,593

77,516

20,408

1882
198,147
1881
240,936
St. Louis—
1882
117,837
1881
153,398
Toledo —
1882
1,966
1881
2,635
....

444,945

209,201

465,843

287,250
52,750

164,465

....

95,925

130,720

26,462
34,040

391,384
866,257

801,741
1,980,930

465,776
384,013

33,100
215,668

3 1,805
18,283

144,693
604,560

281.342

12,368

4,500

102

1,659,252

71,381

101,258
103,996

43,155

41,687
15,712

2,917

500,124
48,550
52,500

63,000

102,550

27,425

1,300

210,500

97,900

10,000

1,000

4,760

25,875

1,061,250

56,875

1,128,600

443,275
284,400

50,100

16,397

69,300
56,655

....

....

Milw'kee—

....

....

....

292
88

1,840

-118,994
+ 1^.909
+ 210,042
+ 11,053
+ 12.983

Flour,

219

2,025

878
528
394
972
231
248
757
195

RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED APRIL 1.

3,803
2,800

+ 6,901
+ 36,300

+8,722

446,060
26,590
1 6,3ob

335

4,223
3,221
1,013

840
220
335

946
300
335
144
551
87
115
316

+ 17,061
+ 12,165

35,418
398,493
15,550
57,927
159,588
869,964

847
230

....

Detroit—
1882
1881
Clevel’d—
1882
1881
Peoria—
1582
1881
Duluth—
1882
1881

....

....

24,288
41,158

....

10,210

....

10,046

....

....

97,178

995,643 1,124,803

55,424

59,600

445

40,000

....

....

r\Total of all
1882.... 501,114
1881
690,230
....

1,502,897
3,119,649

-

3,591,484 2,368,661
7,221,094 1,974,367

615,978 138,026
509,216 130,831

It will be observed that the decrease this year

757

is

very

195
121

686
597
718
100
800
285

3,446
2,479
534

20,377,285 16,731,111 +3,646,174 43,232 37,738

(

argest in the

of oats, which, according to the Agri¬
1 cultural Bureau, is the only one of our cereals that has
sustained no loss.
The receipts of wheat are only
k
case

,

c

i

(

w eeks

omy c
For the four weeks
nt
Freight
earnings.

In

a

general way, it may be said that March did not




bushels, against 7,221,094 bushels in 1881. Going back
1880, we find receipts of over 11A million bushels, so

to

THE

424

CHRONICLE.

that this

year’s total of corn is less than one-third of that
Chicago, St. Louis and Toledo all show very
much smaller figures, the latter two especially.
In the South and Southwest the conditions, as in the
previous month, were just the reverse of those prevailing
in' the West and Northwest; that is, they were very un¬
favorable this year and very favorable last year.
Last year
the weather in the South was fine, and the movement of the
crop free and large.
This year the weather was wretched
and the movement of the crop restricted and small.
The
rains and floods continued through the early weeks of
March, and in some cases the interruption was much
greater in this period than in February. The * St. Louis

of the

repeated reports that the Grand Trunk was earn¬
ing off the largest share of the east-bound traffic from
Chicago, this decrease of $73,000 on its business other
than
passengers appears
significant.
If
with
an
increasing proportion of the Chicago traffic the Grand
Trunk shows a decrease in its earnings, what sort of

of 1830!

Iron Mountain & Southern

fV0L. XXXIV.

exhibit, it is asked, will the roads with a decreasing
' proportion of this traffic be able to make ? It is not easy
to answer such a question, and it will not be
correctly
answered until the actual figures are presented.
That the
dimensions of the grain and provisions traffic are
very
an

!

small is evident.
sible for that.

The drouth of last

summer

But all Western roads

show

is respon¬
a

largely

cut off from Cairo for

augmented volume of general and miscellaneous freight, so
about three weeks of March, which in part explains its it is only proper to infer that the trunk lines, too, are
heavy decrease of $118,994. The Cairo & St. Louis also swelling their receipts in this way, and it may be that the
had to abandon the running of trains to Cairo for a time, gain here will be sufficient to offset the loss elsewhere.
and the traffic of the Mobile & Ohio suffered a diminution On the Pennsylvania, certainly, as
is evidenced by the
from the same cause.
The traffic of other Southern roads January and February returns, it was sufficient,
though it
was interfered with in similar
ways by overflows and rains. should be said that the increase in earnings was met by a
But the smaller cotton movement was an equally much greater increase in
expenses (the reasons for which
serious matter to the Southern roads.
The South has no we explained two weeks
ago), leaving net actually smaller
such diversity of traffic to offer its roads as other sections than last year. Our table contains a few roads like the Cin¬
of the country, and consequently a falling off in the cinnati Indianapolis St. Louis & Chicago,
Indiana Bloom¬
movement of this staple,
constituting as it does a leading ington & Western, Lake Erie & Western, and St. Louis
item with many roads, quickly changes the current of Alton & Terre Haute, which to a certain extent are
their receipts.
The influence of bad weather, floods, and affected by the course of trunk-line traffic, and of
diminished cotton shipments, combined, is strikingly these the two former show an increase and the two latter
apparent in what are called the Gould Southwestern roads. a decrease—the decrease being small on the Lake Erie &
Thus the Texas & Pacific has earnings only $12,983 above Western, but heavier on the Alton & Terre Haute
those of March, 13S1, although it has added over 400 because of the interruptions caused by the floods, which
miles to its total of road in operation ; the Missouri Kan¬ interfered with the road’s traffic operations at St. Louis.
sas & Texas increased its
For the first quarter of the year we have the returns of
receipts only $38,705, though
mileage increased over 300 miles; the Iron Mountain fifty-two roads, as follows.
GROSS EARNINGS FROM JANUARY 1 TO MARCH 31.
shows the large decrease of $118,994
(already alluded to
and partly explained above) on a slightly increased mileage;
Kaine of Road.
1882.
1881.
Increase. Decrease.
and the International & Great Northern increased only
$
$
$
$
Gt. South’n
184,554
196,192
11,638
$16,390 on a mileage augmented 184 miles. On the other Alabama
Burl. Cedar Rap. & No...
261,750
702,560
440,810
Cairo Ac St. Txniis
17.300
88,524
106,324
hand, the Louisville & Nashville, which covers a wider Cent.
Branch Union Pac.
209,158
192,793
16,365
Central Paeitic
5,528,469
761,707
4,766,762
area, has a more varied traffic, and was less affected than
Chicago At, Alton
1,697,793
1,503,353
194,440
the Gould roads by the floods, makes a very good exhibit, Chic. Ac Eastern Illinois.
48,286
412,498
364,212j
4,373,000
2,590,553 1,782.447
Chicago Milw. Ac St. Paul
Chicago Ac Northwest....
3,788,847
2,382,667* 1,406,180
recording an increase of $125,786, with mileage only 185 Chic.St.P.Minn.AcOmalia.
398,669
1,066,697
668,028
miles larger.
68.570
613,544
544,971
The Richmond & Danville, which is Cin. Ind. 8t. L. & Chic...
Cincinnati Southern
125,755
579,288
453,533
altogether removed from the flooded sections, also shows a Cleve. Ak. & Col
11,673
109,161
97,488
Denver Sj. Rio Oran do,
1,439,956
416,307
1,023,641
fair percentage of gain.
That our readers may see how Des Moines Ac Ft. Dodge*
31,293
88,282
56,981
Flint At Pere Marquette..
525,146
414,85C
110,296
the cotton movement in the two years compares, we have Grand Trunk
of Canada.
64,478
2,536,684
2,601,16i
Great West’u of Canada
90,393
1,275,78c
1,185.385
had prepared the subjoined statement of the
69.8841
receipts at Green Bay Win. Ac St. P..
87,649
17,765
Hannibal Ac St. Joseph...
4,515
449,116
453,631
the leading Southern ports in March, 1882 and 1881.
Houst. E.Ac W. Texas
51,791
24,005
27,786,
was

.

RECEIPTS or COTTON AT SOUTHERN PORTS IN MARCH,

,

5

Calveston
Tndimmin Arc
New Orleans

bales.

Mobile

...

Florida

Savannah

Brunswick, Ace
Charleston
Port Koval, Ace

1882.

1881.

21,986

62,570

409

770

Moreiieml City, Ace

Norfolk

52,255

169,513

14,992

28,318

473

471

33,121

49,920

25,629
1,293
6,197

35,596
2,487
4,923

785

1,149
45,309

47,740
7,356

City Point, Arc
Total

212,236

AND

1881.

Difference.

82

Wikningtoii

1882

9,353

410,461

Dec..

..

40,584
qfti

Dec.. ..117,258
Dec..
13,326
o
Inc..
Dec..
16 799
Dec..
82
Dec..
9,967
Dec..
1,194
Inc..
1 274
Dec..
364
Inc
2,431
Dec..
1,997
..

..

..

..

Dec.. ..198,225

traffic, in the absence of definite reports
leading roads our readers can draw their own

inferences from the
lines and

course

of business

on

the Canadian

minor lines

indirectly affected by this
class of business.
The Chicago & Grand Trunk, which is
the Chicago extension of the Grand
Trunk, has an
on some

increase of

$69,242, the greater part of which was made
on
passenger business ; the Grand Trunk itself lias a
decrease of $36,240, which would be doubled in amount
except for a gain of over $37,000 on passengers. In view



1,405,095

248,118

151,244

406,093
320,056
377,833

308,474
543,061
616,0361
150,285
322,229
288,590
334,509

2,998.322

2,570,043

83,865
31,466
43,324
428,279

206,514
314,429
1,266,885
1,577,838

103,404

103.110

131,910
.1,101,417
1,298,076

182,519
165,468

Mobile. Ac. Ohio

472.238

672,029

New York Ac N. England.
Northern Pacitic

686,088
892,800

575,382
358,295

206 018

131 573
608.308

f^nnp- Island

Louisville

Ac Nashville...
Milw. L. Shore Ac West’ll.

Minneapolis Ac St. Louis*.
Mo. Kansas Ac Texas
Missouri Pacific

..

As to trunk-line
from the

Oe.Tit.ral (Tib line.)
Do
(la. leased lines).
Indiana Bloom. Ac West..
Int. Ac Gt. North
ln\VHf Central
Kansas City Ft. S.Ac Gulf
Lake Erie Ac Western
HI

1,653,213
459,718
577,814
639.789
257,763
.

Oregon Railway Ac Nav..

1,084,100

Peoria Dee.A: Evansville.
Richmond Ac Danville*...
St.L.A.AcT. H. main line.
Do
do (branches)..
St. L. Iron Mt. Ac South’n.
St. Louis Ac S. Francisco
St. Paul Minn. Ac Man
Scioto Valley
Texas Ac Pacitic
Toledo Delplios Ac Burl...
Union Pacitic.
Wabash St. L. Ac Pac
Wisconsin Central

188,938

.

Total
Net increase
*

Three weeks

«

765,048
303,870
193,481
1,602,505

118,785
689,809
338,975
203.899

1,835,748

776.397

652,719

1,344,823

731,631
72,493
861,885

108,069
899,310
215,852

5,947,783
3,680,508
459,115

56,612,980

134,164

4,453,460
2,752,131
278,259

34,753
23,753

107,478

279,762

199,791
110,706

534,505

-

74.445

475,792
70,153
75,239

35,105
10,418

233,243
123,678
610.192

35,576
37,455
81,688
1,494,323
928,377

180,856

44,865,45* 12,403,270

65 5,748

11,747,522

only of March in each year.

The earnings of these roads show an improvement
last year of pretty nearly 12 million dollars, or more than

on

26

April 15,

THE CHRONICLE.

1882.]

425

percent. The increase is largest on Western roads. North¬

net, but in February last year $12,000 was charged to
west and St Paul have more than three millions increase expenses on account of steel rails, making the actual
between them; St. Paul & Omaha has an increase of increase in net $13,140, which is a large amount for a

pretty nearly $400,§00 and the Minneapolis & Manitoba
an increase of over $600,000; Burlington Cedar Rapids &
Northern has a

gain of $261,000, and the Illinois Central,
with its leased lines, a gain of almost $4§0,4)00.
Next
after the Western roads come the Pacific roads.

small road.

West

and net earnings of all companies that will
monthly statements for publication.

Pacific has swelled its receipts

GROSS AND NET EARNINGS TO LATEST DATES.

Gross
(hie rating
Net
Earnings Expenses. Earnings

Buffalo Pitts. & West ..1882
Do
do
1681

Chic. Burl. &
Do

Quincy. .1882
do

1881

European & No. Amer.1882
Do

do

1881

.«

in expenses, as one

reason

for the heavier expenses.

Burlington Cedar Rapids & Northern, one of the West¬
ern roads which suffered
very heavily last year from the
severe weather,
naturally shows a decided improvement
this year.
But the improvement is not confined to the
comparison with last year; there is a handsome increase,
even if we
compare with 1880, when for the two months
the company had net earnings of $140,776, swelled this
year to $190,000.
Southern roads, as a rule, do well.
The Louisville & Nashville has net
earnings for January
and February of $714,372 in 1882,
against $451,962 in
-the corresponding period of 18S1, and $578,250 in 1880.
Norfolk & Western reports net earnings for the two
months of $120,075, against $104,572 in 1881, $178,196 in
1880, and $79,896 in 1879. Nashville Chattanooga & St.
Louis shows

loss of

$7,138, or a total net for the two
months of $124,630, against $131,768 in 1881, which is
a very
good showing considering that the loss in gross is
ever
$.52,000.
a

The Northern

Central, a Pennsylvania road whose busi¬
ness is influenced
by trunk-line traffic and rates, like the
Pennsylvania itself exhibits a gain in gross and a falling off
in net.
New York Pennsylvania & Ohio, also affected
by
trunk-line business, lately issued i statement for
January,
showing net of $368 for 1S82 after deducting all charges,
rents, etc., against $38,135 in 1881. 'The Grand Trunk of
Canada for January and February records a decrease of
£6,651 gross and £19,795 net. The Great Western of
Canada suffered

loss of £2,835 gross

and £8,568 net in
February. Philadelphia & Reading exhibits a loss in net in

February
Company,

a

both the Railroad and the Coal & Iron
said to be due to the voluntary restriction of
coal production
during the month. In January there was
a small
increase. Oregon Railway & Navigation Com¬
pany, which is prompt in making its returns and has

Gr. Trunk of Canada.

gross for the two




months, makes

an

increase of $25,140 in

£

64,295
67,130

58,952

Louisville & Nashv... .1882
Do

do

1881

Do

do

1881

Northern Central

.1882
1881

Do

do

805,124
155,961

603,558

.1882
1881

382,057

291,741
247,831

3.300,75:)

2,227,129

3,095,014

1.937.510

Do

do

1881

803,020

West Jersey
Do

do

..1982
1881

52,915
40,545

33,502
27,182

do

246,240
225,501
1,290,421
1,330,427
878,584

Philadelp’a & Readlnz.1882
Do

do

1881

Phila.& Read. C.& Iron.1882

Name.

,

36.549

62,826

11,400

*
371,126
201,508

$
1,924,577

1,079,021
1,158,104,

0.080,071
0,28-4,829

9,153,887
2,304,905
149,919
125,074
1,000,095
1,030,90 L

1,622,084
316,955
369,009

134,820

03,077;
05.005

49S.973
449,804

410.092'
531,321,

2,793,490
2,655.559

22,564

1,820,975

85,475

100,081,

1,037,872

19.353
19,303

100,302
95,094

155,210
39,453

Gross
Net
[ Operating
Earnings; Expenses. Earnings

Earnings Eamvngs

1410,000

$231,000

313,350)

177.354

$210,455
102,540
32,625
24,968

Chesapeake & Ohio... .1882

Do

1881

do

.1882
3881

Marq. Hougton & On. .1862
Do

19,626
13,875
25,420
23,094

Net

Gross

$ 179,000, *1,084,100
135.990'j
008.308

*467,6(10
154,475

Jan. 1 to Jan. 31.

$161,101
147,043

25,442
14,986

1881

do

39,404

Jan. 1 to Mch. 31.

*49,354
14,897
13,199
11,093.

Net

Gross

„

Des Moines & Ft. D..

*

318,231
318,550
820,919
768,813

Gross
Net
Operating
Earnings Expenses. Earnings.

do

54,930

74,725

70,030
91,554
52.033
44,261
121,810

January.

Do

£

315.903

Jlarch.

Oreeon R’y & Nav. Co. .1882
Do
do
1881

Name.

£

714,372
451,902
124,030
131,768
120,075
104,573
214,419
275,012

109,352

182,569
159,896
874,329
805,106
856,020
703,545

•

71.073

510

5,343
13,911

89,925
99,312
97,628

413,551

Penn, (all lines east of
Pitts. & Erie)
.1882
Do
do
1881
Phila. & Erie
Do

588,874

190,860
149,059
153,033

18,051

37,329

$

060.036

17,620
190,420

292.259

£
27.427

53 219

$

51,821

54,182
1,381,413
918,883

17,500

Gt. West, of Canada.. ..1882
Do
do
1881

$

40,255
101,589
79,855
478.453

3,110,131
2,342,709

30,411
126,551
120,966

*

43.3F5

91,:«)5
19,254

011,998
322,824

153,976
156,295

do

Net

Earmn g»

8.94)$

845,302
711,997

.18S2
1881

Do

Earnings Earnings
*210,455
102,540
32,825
24,968

*49,354
14,897
13,199
11,093

25.442
14.985

def.8,109

16.

def.8.109l

10

plirasfcmjl ©oraumxlal gtigltslx lletus
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON-Apr.
Time.

On-

EXCHANGE ON LONDON.

1.

Latest
Date.

Rate.

Time.

Rate.

Short.

12-10

1

Amsterdam
Amsterdam

.

.

3 11203.
Short.
“

Antwerp
Frankfort...
Berlin

it

Copenhagen
St. Peters b’g.

44

Paris
Paris
Vienna
Af pd rid

<

312-5
2)12-3

it
ii

...

mos.
4 4

25*50
12-15

4671,4

cijtdi7

44

4r»L> *7,4

Bilbao
Genoa

if

46^ @-1614

r.ialmn

44

44

26-10

Calcutta

....

CO

OI4
6%

Short

%

25*25^
25-28 V
12 05

1 3 mos.
1 Short.

!"•

@26-15

Hong Kong..
....

...

....

1

Mar.

28'

3

4

4 mos.

Is.
Is.
3s.
5s.

ft

.

07 *8

mos.

li Short.
1
1
1
1

.

25-80

Short.

April

April
April
April
*pril
April

Is. 8d.
Is. 8d.

tl’ys

....

1

I

51% @51 ^8

4*

Shanghai....

j April 1

20-47
20-47
20-47

....

.

....

44

il

I
'April

Alexandria
New York...

Bombay

'■"►4 4

44

m

25-30L*

1 Short.
1
1

A

@25*55
; April
@12*17 %» April

it

......

....

20-60 @20-60
20-66 @2069
18 52 @18*56
23% 2)‘J358
25-25 @2535

“

3

12-4%
12-2ifl

25*5712@25-(>214 April
20-CG
2 20-C9
April

»*,

Hamburg...

4

44

86%
S%d.
8^d.
O %d.
2%d.

-

[From our own correspondent, j

on

already furnished the March figures, reports an increase of
$175,792 in gross for the three months and $313,125 in
Bet.
European & North American, on $9,347 increase in

22,431
31,077
134,325
105,255

£

Norfolk & Western... ..1882

a

9,135

48.50.7

Gross

Earnings

*
11,207
4,413
20,074

$
15,404

40,023
225,030
124,509
1,457,300
1,034,821
35,551
30,927

Burl. Cedar Rap. & No..1882
Do
do
1881

would expect, recollecting the extraor¬
dinary charges incurred last year in the removal of snow
and ice, but from an increase in gross earnings.
Thus
the expenses for the two months of this year are $311,000
above those of last year, but gross earnings are more than
$773,000 greater than last year, leaving a gain in net of
$462,530. In the heavier business, no doubt, we have a

not from

*
20,342
10,817

Bost. & N. V. Air-Line.. 1882
Do
do
1881

Nash. Chat. & St. Louis 1882
Do
do
1881

comes

Jan. 1 to Feb. 28.

February.
Name.

decrease

latter is that the increase in net

same as

tains the gross

Union furnish

millions, Central Pacific
three-quarters of a million, Northern Pacific half a million.
The Oregon Navigation Company gains $475,000, and the
Wabash $928,000.
There are only eight roads having
smaller receipts than in the three months of last year, and
the decrease aggregates only $655,748 in all.
In every
case is the loss due either to the conditions affecting
Southern roads or the conditions affecting the trunk lines.
Net earnings, which are to hand for two months of
the year, show varying results.
Pennsylvania is con¬
spicuous for a large decrease, which we discussed at
length when the figures were first made public. Chicago
Burlington & Quincy is equally conspicuous for a large'
increase.
What is particularly noteworthy about the

’Jersey has net earnings the

last year, expenses and net earnings
having increased in
about the same amounts.
The following statement con¬

London, Saturday, April 1, 1882.
Owing to the close of the quarter and of the financial year
money has been in fair demand during the past week, but there
has been no material change in the quotations. The rate for short
loans is regarded as firm at 2% to 3 per cent, while the rate of
discount for three months’ bank bills is 2/2 per cent. In fact,

and there seems toimmediate change. The Bank return
be
influenced
be expected to
by the quarterly payments.

bills of all dates
be

no

may

are

taken at that quotation

indication of any

Vmf 1 11

aoo

cmoil

nr\-nnaYn

QTirl

PYPrMQP

Tin

llPmUHlfillt

Business is undoubtedly

results.

CHRONICLE,

THE

426

being conducted with much

caution, but it is still understood that the general position is
Sound. Commercially a fair amount of legitimate business is
in progress, but on the Stock Exchange the amount is small.
New companies and new loans of various kinds continue to be
introduced to public notice somewhat freely, but they are not,
as a rule, rapidly subscribed.
Any loan of acknowledged sound¬
ness is rapidly taken up, and it is expected that the value of

[VOL. XXXIV.

policy they have pursued throughout the season.
The
probabilities at present are that in this country, as well
as on the. Continent,
there will be an early harvest, and
as long as the trade adheres to that belief, it is not
likely to
purchase in excess of actual requirements. More especially as
there are ample supplies of produce afloat to this
country.
While stocks have somewhat increased since the commencement
of the year farmers’ deliveries are moderate, considering the

steadily improve. Consols have advanced period of the season, and the rather limited crop.
been dealt in at 101/6, which is a high price considering that They are, in fact, maintained at a higher rate than had been
only three months’ interest has accumulated since they were expected. The quality and condition of the home supplies
last quoted ex-dividend.
Preparations are now being made for have improved owing to the long period of dry weather which
paying various dividends, and the tendency of the money we have enjoyed.
market is for the moment towards firmness, but as soon as the
During the week ended March 25 the sales of home-grown
dividends have been distributed a return of considerable ease wheat in the 150 principal markets of England and wales
amounted to 35,722 quarters, against 31,190 quarters last year
is looked forward to. The rates of discount are, however, low
and 27,197 quarters in 1880; while it is computed that they
as under:
were in the whole kingdom 143,000 quarters, against 124,760
Per cent. Open market rates—
Per cent
quarters
and 108,800 quarters. Since harvest the sales in the
Bank rate
3
4 mouths’bank bills
2%
150 principal markets have been 1,342,396 quarters, against
6 months’ bank bills
2%
Open-market rates—
30 and 60 days’ bills
4 & 6 mouths’ trade bills. 3 S'4
2%
1,229,520 quarters and 933,956 quarters; the estimate for the
3 months’ bills
2%
whole kingdom being 5,369,600 quarters, against 4,562,000
The following are the rates of interest allowed by the joint- quarters in
the corresponding period of last season and 3,793,220
stock banks and discount houses for deposits:
quarters in 1879-80. Without reckoning the supplies of produce
k
Per cent.
furnished ex-granary at the commencement of the season, it
Joint-stock banks
2
is estimated that the following quantities of wheat and flour
Discount houses at call
2
have been placed on the British markets since harvest. The
Do
with notice
2%
visible supply of wheat in the United States is also given :
Annexed is a statement showing the present position of the
1881-2.
1880-1.
1879-80.
1873-9.
Bank of England, the Bank rate of discount, the price of consols, Imports of wheat.cwt.36,001,833 33,834,169 35,977,413 23,083,547
5,099,163
7,806,137
6,388,147
4,850,266
the average quotation for English wheat, the price of middling Imports of Hour
Sales of liome-grown
produce
23,263,200 19,709,000, 10,437,230 28,789,700
upland cotton, and of No. 40 mule twist, fair 2d quality, and the
Bankers’ Clearing House return, compared with the three pre¬
Total
64,369,246 61,409,306 53,802,840 61,723,513
old-established securities will

Deduct
exports
wheat and flour

vious years :
1882.

1881.

1S80.

1879

£

£

£

£

Circulation
Public deposits

25,166,110

nniprripnniihi

0± mo QiA

25.S35.335
10,791,721

20,983.365
11,997,986

^f>7

o\ 007 «7A

7.10

15,362,908

15,539,833
22,999,697

17,022,513

16,960,202
22,684,892
16,722,282

27,857,848

23,635,647

33,891.815

10,070,368

or-

Qovernm’t securities. 13,396,649
Other securities
24,617,453
Res’ve of notes & coin 14,666,804
Coin and bullion in

22,092,485

both

departments.. 24,032,964
Proportion of reserve

'

29,628,135
10,613.302

19,265,710

42-76

to liabilities
Bank rate
Consols

101 %d.

Em?, wheat, av. price
Mid. Upland cotton..

44s. 5*1.
671Gd.

3 p. c.

No. 40mule twist

10%d.

Clearing-House ret’n. 103,067,000

There has been rather

more

98%

97 %

'47s. 3d.

6d.

V%6d.

40s. 8d.
5%l-

lOd.
93,178,000

3 p.

2%

e.

p. e.

Is. 0%d.
9d.
66,665,000 103,659.000

demand for gold, but it has been

mainly on Indian account and has by no means assumed impor¬
tant proportions.
The Continental inquiry is very limited. On
the whole, the silver market has been firm and the quotations
have had an upward tendency. Iu the value of Mexican dollars
no material change has taken place.
India Council bills were
disposed of on Wednesday at Is. 8d. the rupee. The following
are the present quotations for bullion:
GOLD.

Bar gold, fine
Bar gold, containing

Spanish doubloons

per oz.

s.

standard.

d.

9

77

per
per
per
per

:

73
73
76

oz.
oz.
oz.
oz

9%®
8%®
3%®
®
d.

The

following are the current rates of discount at the principal
foreign centres:
Paris
Berlin
Frankfort....

Hamburg

....

....

3%
4

••••

....

••••

....

Amsterdam..
Brussels

nysn
market.
Pr. ct.

2%®278
3

3%
3%
4%
4

„

Madrid
Vienna
8t. Petersburg
Genoa
Geneva
Calcutta

Bank

Open

rate.
Pr. ct.

market.
Pr. ct
5
3
6

4
..

...

..

.

.

6
6
5
10

63,7li,961

60,551,071

57,892,359

60,525.951

42s. Cd.

4t3s. 9d.

41s. 0«1.

22,900,000

24,220,700

19,314,260

corresponding period in the three previous

seasons:

IMPORTS.

IS 30-1.

1879-80.

1878-9.

33,834,1.69

35,977,413

28,033.547

8,478,143

8,060,684
5,331.234
1,393.418
1,3-4,949
1S,485,55S
7,806,137

10,030,657
8,164.644
1,323,632
1,624.595

7,039,973

2,198,435
1,016,000

1881-2.
Wheat

cwt.36,001,833

Barley
Oats.
Peas
Beaus
Indian
Flour

1,013,573

...12,582,736
5,099,163

corn

12,897,647
6,388,147

6,337,628
922,749
723,997
17,503,551
4,850,266

EXPORTS.

Wheat

cwt.

562,499

Oats
Peas
Beans..
Indian corn
Flour

824,333

780,114

41,330‘

50,430

Barley

21,002
82,913

450,256
59,567
23,374
131,012

81.780

73,091

52G,846
47,908

15,991

66,329
83,791
25,407
563,992
86,143

EnsllKh market Reports—Per

Sat.

London.

Silver, per oz
d.
Consols for money
Consols for account
Fr’ch rentes (in Paris) fr.
U. S. 5s ext’u’d into3%s
U. 8. 4%s of 1891
U. S. 4s of 1907

Erie, common stock
Illinois Central

Pennsylvania
Philadelphia & Reading.
New York Central

84-20

10178
84-42

105%
117%
121%
37%
139

64%
32%

5
....

Flour (ex.

State.. 100 lb.
Wheat, No. 1, wh.
“
Spring, No. 2...
“
Winter, West., n
“

>>
&

O

w

134

Cal. white

Com, mix., West.

■

Mon.

•

>>
eg

“

“
Pork, West. mess.. $ bbl.
Bacon, long clear, new..
Beef, pr. mess, new,$tc.
Lard, prime West. $ cwt.

Cg

!5
'o

a

Taes.

52%
101%

52%

lOlllie
lOHSje

Sat.

Liverpool.

Mon.

6%

The weather has been very bright and we have again had a
remarkable week of warmth and sunshine. Some rain has
fallen in places, but now that spring sowing has been com¬

pleted

1.199,918

1,110,834
8-,098
57,836
11,515
6,825
239,921
89,084

Cable.

by cable as follows for the week ending April 14:

Bar silver.fine
per oz. standard, last price.
52%8®
Bar silver,contain’g 5 grs.gold
per oz. standard. 527x6 ®
Cake silver
per oz. 56% ®
Mexican dollars
per oz., last price. 507a ®
Chilian dollars
®
peroz
Quicksilver, £o 17s. 6d.
Discount, 3 per cent.

Bank
rate.
Pr. ct.

910,481

The daily closing quotations for securities, &c„ at London
and for breadstuffs and provisions at Liverpool, are reported

d.

silver.

853,235

The following return shows the extent of the imports and
exports of cereal produce into and from the United Kingdom
during the first thirty-one weeks of the season, compared with

d.

s.

®

20 dwts. silver, per oz. standard. 77 10 %®

South American doubloons
United States gold coin
German gold coin.

Result

647,285

Av’go price of English
wheat for season (qr).
40s. 8d.
Visible supply iu Unit’d
States
hush. 14,500,000

the

3 p. c.
100%d.
43s. Id.

of

r*

i

o
M
HH

Thurs.

52%

52%

52%

ion%* 101%
ion%6 101%

101%
101%

84-27% 84-15
105%
105%
117
117%
121%
121%
36%
36%
138%
138%
62%
63%
31%
31%
133
132%
Tucs.
8.
d.
13 9
10 2
9 11
10 3
9 8
6 7%
76 0
48 0
75 0
55 9
64 0

Fri.

Wed.

Wed.

84-02% 84-00
105%
105%
118%
117%
122

36%
138%
63%
31
132

43

0
6
0
9
0

Thurs.

77
48
75

138
64
30%
131

8.
d.
8.
d.
13 9
13 9
10 2
10 2
9 11
9 11
10 3
10 3
9 9
9 8
6 7% 6 7%

77

122%
35 78

0
6
0
0

Fri.
f.

d.

13

9
3

10
10
10
9
6

4
9
7

77

0

49
75
55
64

0

0

0
genial fall of rain would be beneficial. The favor¬
75
9
55
55
able weather and the prospect of a speedy re-opening of the
61 0
0_
64
Cheese. Am. choice, new
navigation of ice-bound ports have the effect of producing
much quietness in the wheat trade, but as far as choice qualities ®0Mmedial mid WLiscell&moxisMzws*
of produce are concerned, there has not been much, if any,
variation in prices. Yesterday’s telegram from New York gives
Imports and Exports for the Week.—The imports of last
the visible supply of wheat in the United States as only week, compared with those of the preceding week, show a de¬
This is about 10,000,000 bushels less crease in dry goods and an increase in general merchandise. The
12,600,000 bushels.
than at this period last year; but, although the statistical total imports were $11,551,470, against $10,958,429 the pre¬
position has become more favorable to holders, millers ceding week and $7,777,752 two weeks previous. The exportt
show not the slightest disposition to depart from the cautious for the week ended April 11 amounted to $3,161,401, against

a




AmiL 15,

THE CHK0JN1CLK

1882J

427

—Mesrrs. Fisk & Hatch, 5 Nassau Street, have issued a cir¬
f6,665,125 last week and $5,817,425 two weeks previous. The
cular to national banks in reference to circulation, in which
following are the imports at New York for the week ending
they give interesting calculations showing what the banks can
(for dry goods) April 6 and for the week ending (for general do. They say that national banks can secure their circulating
merchandise) April 7; also totals since the beginning of first notes with fours up to 130, and still find that it will pay. Thus
with fours at 120, a bank with a capital of $1,000,000
full amount of circulation out, secured by 4 percent
ceives an income as follows:

week in January:
FOREIGN IMPORTS AT NEW YORK.

1879.

For Week.

$1,309,076
4.195,980

$2,571,316
6,366,733

$2,822,544
8.723,926

$5,505,036

$8,938,079

$5,919,287

$11,551,470

$28,499,750

$41,216,152

55,848,725

92,892,335

$36,008,726
78,830,983

43,350,739
93,867,117

Total
Since Jan. 1.

$81,348,475 $134,103,487 $114,929,709 $137,217,656

Total 14 weeks

In

our

1882.

$1,905,907
4,013,330

Dry goods .. —
Gen'l mer’dise..

Dry goods
Gen’l mer’dise..

1881?

1880.

report of the dry goods trade will be found the imports

of dry goods for one week later.
The following is a statement of the exports (exclusive of

specie) from the port of New York to foreign ports for the
week ending April 11, and from January 1 to date :

$890,000

at 4 per coat
$800,000 circulation loaned

having its
bonds, re¬
$35,600

.

at 5 percent...

40,000

Gross income.
$75,600
Deduct 1 per eeut tax on circulation
$8,000
Expenses of printing notes, express charges, &c
400
Yearly sink, fund to wipe out premium in 25 years, say 7,000— 15,400
Income with circulation

$G0.200

If the bank sells its bonds and retires its circulation, its income
will be as follows :
Proceeds of $390,000 four per cent bonds at 120
O it of which the bank must deposit iu Washington to retire
its notes

$1,008,000

Leaving money to invest
$268,000 invested at 5 per cent
Deduct one-lialf of 1 per cent tax on capital not invested iu
U. 8. bonds
!

$268,000
$13,400

800,000

5,000

EXPORTS FROM NEW YORK FOR THE WEEK.

1879.

1880.

For the week...
Prev. reported.

$6,167,126
80,378,101

Total 14 weeks

$86,545,227

1831.

$7,545,332
85,086,534

To which add income on

1382

lation

$7,163,237
99,983.687

82,726,330

$92,631,866 $107,146,924

$38,838,231

$6,161,401

following table shows the exports and imports of specie
the port of New York for the week ending April 8, and

The
at

since Jan. 1, 1882

:
IMPORTS OF SPECIE AT NEW YORK.

Exports.

Gold.

Week.

Imports.

Since Jan. 1.

France

ll,50o

161.500

Germany

20,000

20,000

West Iudies
Mexico
South America
All other countries

9,43*4

83,226
108.493
4.264

$14,077
4,553,971

$440,340
13,270,278

50,745

1,194,763

1,507.896

$140,000

$2,999,357

$11,493

4,000

310,300
3,000

8G9

Germany

aoove

4,643

386
232
138.741

122.470

West Indies
Mexico
South America
Ail other countries.....

tne

$101,998

$781,500 $10,671,498
4,800

Silver.
Great Britain
France

Since Jan.1.

$.

95,500
42,200

Total 1882
Total 1881
Total 1880

ui

Week.

$750,000 $10,352,298

Great Britain

Total 1881
Total 1880

outstanding, at 5

2,013
5,670

3,023

54,505
320,946
227,705
47,265

100

5,376

$144,000
228,000

$3,312,757

$10,712

$667,859

3.271,962

72,254

1,623,911

44,479
159,445

979,732
1.658,596

imports tor

tne weeK in

$3,14U were

American gold coin and $4,286 American silver coin. Of the
exports for the same time $770,000 were American gold coin.

in each case
the premium

providing for
in 25 years.

7,775
3.650

sinking fund sufficient to retire

Taylor & Co. in to-day’s Chronicle, relative to their
Spencerian Writing Inks. These inks are recommended as
highly indelible, ana for legal documents this qua’ity alone
must ever be the most important; besides it has a beautiful
color, and does not thicken when exposed to the air. The
established reputation of this well-known firm ought to recom¬
mend at least a trill of their inks among our banks, bankers,
businessmen and

corporations generally.
—The Homestake Mining Company has increased its dividend
for March to 40c. per share, payable at Wells, Fargo & Co.’s

on

the 25th inst.

Auction

Transfers close

Sale's.—The

40
5
40
33
150
10
17
48
50
20
18
10

Shares.
National Park Bank
1591a
Nassau National Bank ..101
Fourth National Bank...125
Bank of the Republic....lSS1^
Now York Gaslight Co...125
German Amor. Ins. Co...191
Phenix Insurance Co
148^2
Home Insurance Co
149
Hanover Fire Ins. Co
1-19*2
Second Ave. HR. Co
148L>
Nassau Insurance Co
158
Sixth Avenue RU. Co
25 i
ltonds.

$18,000 Clev.
Tol. RR. 1st
sinking fund 7s. 188">
103^2
24,500 Co. of N. Y. cons. 6s.
reg.. due 1901
128Lj & tnt.

Bonds.

19.509 City of N. Y. cons. 6s,
reg.,

due 1991

128^2 & int.

4.509 City of N.Y. City Parks
improvement 6s, reg., duo

130 & int.

1902

1,590 City of N. Y. 6s, Dock
bonds, reg., due 1901
128^2
4,009 City of Br’klyn water
loan 6s, cp., due ’99.1255q& int.
2,009 City of B’kl.yn sewer¬
age 7s, cp., duo ’83.103*4 & int.
30,000 Chic. & Southw. RR.
7s, coup., duo 1899, guar,
by Chic. R.I. & Pac. 422*3 & iat.

2,000 Third Ave. RR. Co. 7s,
1133s & int.

due 1890

policy of the Government in making successive calls of
Redemption will render it necessary for many holders
re-invest, during the coming year, money now lying in safes

bonds for
to

and vaults in the form of old issues oT bonds, which have

ceased,

or

will

soon cease,

to bear interest.

Government Bonds can be obtained at our office
in auyamoun'
at market rates, with no charge
for commissior

west 7 miles.

Wayne, 3’85 miles ; also west from Ham¬
mile; east from Vermillion, O., 3-38 miles;
east from Erie, Pa., 9’02
miles, and east of Brocton, N. Y., 4*50
miles, making 21 25 miles in all.

this week by

The

Georgia Pacific.—Extended from Chattahoochee Bridge, Ga,t

0*50

sold

were

:

BONDS.

30 miles.

New York Chicago cb St. Louis.—Track has been laid on
the gap between the ends of track east from Hammond,
Ind.,
and west from Fort

the 20th.

BANKING AND FINANCIAL.

California Southern.—Completed to a point eighty-seven
Diego Bay, Cal., an extension of 39^ miles.
Chippewa Valley & Superior.—Track laid from Eau Claiie,

Danville Mocksville cO Southwestern.—Track laid from Cas¬
cade Junction, Va., southward to Leaksville, N. C., 8 miles.
Gauge, 3 feet.
East Tennessee Virginia and Georgia.—This company’s
Macon cb Brunswick line is extended from Holston, Ga.,
northwest 21 miles. Gauge, 5 feet.

on

following

Messrs. Adrian H. Muller & Son

miles from San

mond, Ind..

a

$48,400

—Attention is called to the card of Messrs. Ivison, Blake-

Railroad Construction.—The Railroad Gazette contains
information of the laying of track on new railroads as follows :

Wis., southwest

40,000

per cent

Income without circulation
With fours at 125 the protit would be.
With fours at 139

man,

EXPORTS AND

Total 1882

$3,400
$300,000 represented by the circu¬

BANKING.

deposit accounts of parties in good standing ;
satisfactory references required from those not already known.
We receive

Interest allowed at 3 per cent per annum on
average monthly balances of $1,000 or over.
No
interest on accounts averaging less than $1,000.

New York Lackawanna cb Western.—Extended from El¬
mira, N. Y westward 32 miles.
Track also laid from Alden,
,

west

by north to near Buffalo, 13 miles.
Oregon Railway & Navigation Co.—The line from the Cas¬
cades to the Dalles is 4 miles
longer than heretofore reported.
Skmy Ci6ve cb Catskill Mountain.—Extended from Edge-

wood, N. Y., to Hunter, 1 y2 miles.
Wilmington & Weldon.—The Scotland Neck Branch is
extended from Conoconara Swamp, N. C., southeast to Scotland
Neck, 10 miles.

STOCKS.
We do

miles in 1878 and 2J2 miles in 1877.

a

ue

Beadwood-Terra Mining Compary

Especial attention given to orders by Mail and
Telegraph from Banks, Bonkers and other institu¬

tions and from investors out of the




on

announces a

the 15th inst.

city.

Our Memoranda of Government Bonds for 1882, containing
valuable information on many subjects, can be obtained by all

desiring to make investments

diviMarch, payable at Wells, Fargo & Co.’s on

f $30,000 for
—Otii inst. Transfers close

general commission business dn Stocks and Bonds
Exchange, and other sound

securities.

a

187% miles of new railroad, making 1,545
miles thus far this
year, against 778 miles reported at the cor*
responding time in 1881, 964 miles in 1880 326 miles in 1879,

a

dealt in at the New York Stock

purpose.
..

or

to consult its pages for any
FISK

&

„

HATCH,

5 Nassau Street, Now York.

THE

428

CHRONICLE.

always easy to learn whether the bills of this class are
made against securities purchased in the open market on
orders from abroad, or on the private negotiation of loans by
not

rg\xc JSauUers7 (Sa^elfe.
DIVIDENDS:

Per
cent.

Company.

ftallroad*.
Baltimore A Ohio

Washington Branch.
Oregon R’vray & Nav. (quar.)
Do

NEW

5
5
2

FRIDAY,

YORK,

When

Books Closed.

Payable.

(Days inclusive.)

May
Apr.
May
APRIL

1 6 April 26 to May 15
17
1 April 21 to May 4
14,

banking houses; though it is concluded they are mostly of the
as no loans of importance have been advertised in
London this year. To-day the actual rates at the close for
bankers’ demand sterling were about 4 88 L2(<'4 HOhb and for
prime bankers’ 00-day bills 4 86(k4 8Gl;(. Continental bills sold
at the following rates: Francs, 5
18tg, and for short,
5 15; Marks, 95(a95ig and 9558(e95;{4, and Guilders, 40($4014!
Quotations for foreign exchange are as. follows, the outside
prices being the posted rates of leading bankers:
first-named,

The folio wliii; dividends liavo recently been announced:

Name of

[Vol. xxaav.

1

=====

—

—-

lSS‘i-5

P.

ill.

Sixty Days.

April 14.

Demand.

and Financial Situation.—The Stock
4 89
il>4 87
04 90Prime bankers’ sterling bills on London. 4 86
Exchange continues to be the centre of interest in financial Prime commercial
4 *8
4 85
'<ij4 85 *2
@4 88%
circles, and the course of monetary affairs or the foreign Documentary commercial
4 87%04 88
4 84%©4 85
5 155a05 13%
5 18 ^4 2)5 1<>78
exchanges are looked at mainly with regard to their possible Paris (francs)
40 q0
40
ft
40 q
403s
(guilders)
bearing upon the prices of stocks and bonds. The depressed Amsterdam
95
it
95 q
95 5s 0 96
Frankfort or Bremen (reichmarks).
tone of last week has continued, and the prices of speculative
stocks to-day are generally much lower than the closing prices
United States Bonds.—The further advance in the prices of
of last Friday. The complaints against the heavy operators
the long bonds is the great feature of the week, and there
who virtually declared themselves as supporters of the market
seems to be no limit to the price that,will be paid on a govern¬
have been very loud, and our readers must judge for them¬
ment bond having thirty years or more to run.
The fives con¬
selves whether these complaints are well founded, and whether
tinued are also weaker, as the large calls for sixes make it prob¬
there was any unusual or extraordinary deceit practiced by
able that the fives will be reached by September, and then the
them upon the public.
But whatever may be thought of representations made highest numbers, that is, the bonds last issued, will be called
first.
by heavy capitalists in order to enable them to unload their
The closing prices at the New York Board have been as
stocks on the moderate operators, there is one point of more
follows:
precise and definite bearing upon the values of stocks which
calls for attention—and this is the matter of railroad reports.
Interest April Apt il Ajiril A pril April April
12.
13.
10.
11.
8.
14.
Periotts.
Every railroad company having its stocks and bonds on the
Stock Exchange List in New York or other cities ought
*101
*101
1011s ‘101
continued at 3hi.. J. A J. *10118 *101
certainly once a year to make a full report of its earnings, 6s,
102 <8 1021.2 102q 1023s I02q 102
5s, continued at 3%.. Q.-Feb.
expenses and financial condition; and a failure to do so should 4%h, 1891
reg. (J-Mar. *11558 U.554 1155s 11578 *11570 116%
1 1 5 % *11558 11554 115 :i4 *11570 116%
coup. Q.-Mar.
fairly be accepted as an admission that there was something to 4*9*. 1891
*11958 rtlOSg 11950 120% 120%
*11958
Is,
reg.
Q.-Jan.
1907
be concealed from the public. Perhaps our readers are not
120% 120%
119% 1195s 119L, 120
is. 1907
coup. Q.-Jan.
aware of
the extent to which some of the very largest 6s, cur’cy, 1895..reg. J. A J. *130 *130 *131 *130 *132 *132
*133
*134
*134
*134
*132
railroad corporations conceal their affairs, even from the 6s. cur’cy, 1896..rev;. J. A J. 131
*136
*134
*135
*136
*133
ds. cur’cy,. 1897..reg J. A J. *132
The Delaware Lacka- 6s, cur’cy, 1898..reg. J. A J. *134 *134 *135 *136 *138 *13778
©yes of their own stockholders.
wanna & Western
Railroad makes no annual report; the 6s, cur’cy. 1899..reg. IJ. A J *136 *135 *136 *137 *139 i*139%
Chicago St. Louis & New Orleans has made no reports—
This is the price bill at the morning board: no sale was made.
though under the same management as Illinois Central,
which has always issued the most complete annual reports.
State and Railroad Bonds.—The dealings in State bonds
The East Tennessee Virginia & Georgia formerly issued its have been
very small.
Tennessees were steady at 50 this
annual reports regularly, but the new managers have never
morning, but advanced to 55 this afternoon, on purchases'
published that for June 30, 1881. The Wabash St. Louis & from Tennessee supposed to have been influenced by the
Pacific report was published last week, and a most valuable belief that the
Legislature is to be called upon to pass a bill
report it was; but now it is stated that no reports will be issued which shall refund the debt into new bonds, bearing 0 per cent
for the year 1881 for the Missouri Pacific, the St. Louis Iron
interest, to be issued for GO per cent of tbe principal and inter¬
Mountain & Southern or the Missouri Kansas & Texas.
The est of the
present debt. Louisiana consols were quoted 64@64%Texas Pacific report had always been published yearly prior to
Railroad bonds have only been active in a few of the specu¬
the Gould management, but the report for the year ending lative
issues, among which Erie second consols have been the
May 31, 1881, was suppressed, and there is no reason to suppose foremost, and declined to 9214 and 91^ seller GO. A heavy
that any will be issued this year.
The Union Pacific report for attack is made upon these bonds and it has been asserted
1881 is so meagre in its details as to the earnings and the
repeatedly that since no foreclosure can take place till “ on
financial status of its branch lines as to give practically no each of
six successive due dates of coupons some interest ”
information in regard to those companies, which have a mileage slialTbe in
default, therefore the payment of one coupon would
now of
The Money Market

*

*

*

2,450 miles.
Persons dealing

break this succession,

and five more coupons might go

unpaid.

in New York, London, or other markets But this is expressly negatived by the provision of the mort¬
where many of these prominent stocks are sold, can form their
gage which says that
each due coupon must be paid in full
own opinions as to whether it is desirable to purchase the
before part payment of any coupon subsequently maturing.”
stocks or bonds of companies which issue no full reports.
But As to the Erie seconds, the Wabash general mortgage, the
so far as the facts are concerned, it is well that they should
Louisville & Nashville general mortgage, and all other blanket
constantly keep in view the companies which refuse to give mortgages, it is well understood that they are much better
In London, most assuredly, they will than a
out such information.
cumulative income mortgage bond,' inasmuch as the
soon learn to avoid the companies having a secretive manage¬
right to foreclose on default of interest compels the whole
ment, as that sort of thing is against the spirit and practice of body of stockholders to stand
under the bonds.
their financial institutions.
The local money market has been easier, and after a few
loans early in the week at G per cent on stock collaterals, the
rate since has been 3<$5 per cent, and on government collat¬
erals 2@3 per cent.
Prime commercial paper is easier at 5@

534

per

cent.

The Bank of England on Thursday showed in its weekly
statement an increase of £103,000 in specie, and the proportion
of reserve to liabilities was 42 5-1G per cent, against 3Gf8' per
cent the previous week.
The discount rate remains at 3 per
cent.
The Bank of France showed a decrease of 475,000 francs

Railroad and Miscellaneous Stocks.—There has been but
the tone of depression and
weakness which characterized the market, and in no direction
has there been any strong and healthy support given to prices.
In the last half-hour to-day there was some active buying,
which caused a reaction for the time, and advanced prices to
about the best figures of the day.
There have been some stocks conspicuous for weakness,^
even in a weak market, and among these were Jersey Central,

little variation this week from

Wabash, Louisville & Nashville, Michigan Central, and at
times Lake Shore, Missouri Pacific, Texas Pacific, Western
gold and 2,775,000 francs silver.
The New York City Clearing-House banks in their statement Union, and others of less note. It is reported to-day that an order
of April 8 showed a decrease of $909,000 in their surplus lias been granted by the Chancellor of New Jersey for an elec¬
reserves, the .total surplus being $811,650, against $1,720,950
tion for directors for New Jersey Central. Mr. Gowen arrived
on April 1
in Liverpool on Thursday, and the holders of Reading stock
The following table shows the changes from the previous look for activity as soon as he gets before the stockholders in
week and a comparison with the two preceding years:
London.
It would be a good stroke of policy, and add not a
little to the dramatic effect, if Mr. Gowen should say as lie
1*80.
18*2.

April 8.

Diffcrnces fr’m j
previous week.

-

1881.

April 9.

April 10.

Loans and dis. $314 405 800'Inc. $1,581,600 $305,244,400 $288,470 .900
52.023 .600
57 6.54 200 Inc.
280.500
60.429,600
Specie
20,987 900
20 070 900; hie.
16.709.000
122,200
Circulation...
282,788.500 256.267 .800
286 345 400 Inc. 1,622.000
Net deposits
11.935 900
14 7-13
784,300
12,472,70O
Legal tenders.
.

SOOjDee.

Legal reserve.

$71 586 350 rue.

$405,500

$70,697,125

Reserve held.

72 398 OoO Dec.

603.800

72,902,300

$811,650 Dec.

8909.300

Surplus

$64,066 950
63,959 500

$2,205,175 def. $4 07. 450

before the stockholders’ meeting: *T hold in my hand
a cable dispatch just received
from Philadelphia, announcing
that the overdue coupon on the general mortgage bonds will
be paid April —.” This would represent works, while Mr.

appears

Gowen is himself the embodiment
The price of New York Central

of faith.

has come down while Penn¬
sylvania Railroad has been held pretty steadily, and tliis week
the stocks of these great trunk lines, which last year were ~o
per cent or more apart, have been within 2(c3 points of eacn
other.

:

-

The borrowing prices for some stocks to-day showed a con¬
Foreign Exchange.—The rates for foreign exchange were
siderable
short interest in the market. Railroad earnings to
decidedly easier to-day, on account of the free offerings of
March
are
bills
bankers’
reported at length on another page.
drawn against stocks and bonds shipped. It is




THE CHRONICLE.

15,^1883. J

Afrit,

429

RANGE IN PRICKS AT TUB N. Y. STOCK EXCHANGE FOR THE
WEEK, AND SINCE JAN. 1, 1882.
DAILY'

HIGHEST

AND

LOWEST

PRICES.

STOCKS.

Saturday,
April 8.

Monday,
April 10.

Tuesday,

Wednesday,

April 11.

April 12.

Thursday

Friday,
April 14.

April 13.

Sales of
the Week,

Range Since Jan. 1, 1882.

Shares.

Lowest

UilliKOADS.
05

Do

prof...
Burlington Cedar Rapids it No.

f>0

Canada Southern
Cedar Falls it Minnesota
Central Iowa
Central of New Jersey
Central Racilic

SO

Chesapeake it Ohio
Do

1st

Do

2d

prof.

Chicago it Northwestern
Do

pref...
Chicago Rock I si. it Pacific
Chicago St. L. it New Orleans..
Chicago St. Paul Minn, it Om..
Do
pret.
Cincinnati Sandusky it Clev....
Cleveland Col. Cin. it lnd
Cleveland & Pittsburg guar
Columbia & Greenville, prof—
Columbus Chic. & lnd. Central.
Delaware Lackawanna it West.
Denver it Rio Grande
Dubim no it Sioux City
East Tennessee Va. & Ga

pref..

Green Bay Win. it St. Paul —
Hannibal & St. Joseph
Do
pref
Houston it Texas Central
Illinois Central
Indiana Bloom’ll it West., new.
Keokuk <t Des Moines
Do
pref
Lake Erie it Western
Lake Shore

Louisiana it Missouri River—
Louisville it Nashville
Louisville New Albany it Chic.
Manhattan
1st pref
each Co

Dt

Manhattan
Marietta it

id

01

01
SI

50%

-IS'*4

50

Sl:,4

77%

81-4

90 4

89
21 '*8
*30
*23

90;<8

25
131

r

132
111

132**4
1124
119<i 120
128 4 129 'a
1384 139
130
'75
30

130
70 4

35

....

1234

05*4

83

83

12*4

12-4
21*4
114

21

114
*90

8734
134 4
40

91
89

12

12

rx80

83

70u4

12

20

20 34

Peoria Decatur & Evansville...

1104

.

Toledo Delphos it Burlington
Union Pacific

..

54

*87 4
80 4
48

82*4
48-J4

73

7334

f
'

33

*20
*90
87
*09

91

*25

55
90

81-4

004

137*4 137 4
120
12734

138 4

7 0,400
1,050
44,850
3,000

120*4 120 34

3,524

*75
35 4
99
50

138

77
30
99 4
50
72

75
34
08 34
50

7134
133

1384
12

*90
85 4
70

0

114
20

20

91

*90
85
*03

134*4 135*4
394

92
20

94 4
20

3134
93 4

92%

254

20

3134
934

25

25

123

129-4 128

014
1294

107

"66" "GO*

1704
254

20

17*04
204

*51*4 "sT" ‘hi*
384
78*8
1C 4
374

38*4
7034
10*8

40
79

374

374

724

71 a4

7034
574

30
5934

11 4
20

191,110
200,710
142.
1,920

2,890

7234

74%

2,250
1,000
5,457
3,31.)

17

100% 108

50

754

04

04

200

50

5,800

50

51*8

*90

91

10

1,025

104

1,250

0
55

0
5S

2,924
1,200

87

294
89
22
124
00

4

31*4

294

924

89a4
2334

22 4

124
60

"79%
*26*
31%
924
2334

*6*6** *63*

*52*’ "52*

5034

51

38

704
104
30*4

39*8
78
10 34
374
98
18

70%

78%

10
304

37

714

71%

71%

100

■72" "73*4

98
*16

71*8

38

"2934 "304 "29" "2*9
004

59*8
135

....

004
135

070

65,250
2,500

39*8
164

2*6" * 3*6"
584 00
*135
1354

2934

50,955
82.900
700
290

5,17*6
115

4,575
161,200
158

**50*6
30

*2*5'' '*27*

*25

27

*25

"ioo
304
27

*5*34 "5334

53

53

904

91

2934
27
*65
38
52 4

90

28*4

30
27
08
38

23

52 4
90

70
1184 119

1184 119*4
39*4 4034

384 40%

11941194
39*4 404
15

HI

40

334
584

I

12534'

304

314

574

584

494

494

*4*734 *49

48
1044 105 4

1*4*6 4 ill* 4!

1044 105*4

31*4
5734
00
50
105

38

Adams
American
United States
Wells, Fargo it Co

8041

39
52 4
91

314

58a4
00
53 4
105

38%

394

40%

25

100
400
700
430

*264 *31*'
54*4

574

484

49

00

00

' 5334
104*4 10434

3*8
2,910
75.900
200

116*4 i’Ti 4 ii’6% ii*2*

*29*8 *3*6%
54*4

50

494

494

"5*64 *51 %

50

104*4 105

141*4 l4*i34

39*4

394

125

*125

40*4
120

3934

40*4

39
125

39
394
*125
120

81*8
*140
93

82*4
142
93

140
93

75*4 75*4
*1274 129

744

84

140
934
74 4

1274 129

82-4
141

94*4
74

*127

834
141

94*4
70
130

81a4

%
81%

834

Feb.
2 117
136
2 131% 1474
Feb.
Jan. 13 129
148%
Feb.
1
40
88

130

145
135
84

39% Mar. 22
10G34 Mar. 22

334

57 4 Jan. 14
84
J an.

414

97 4 Feb. 24
44
Mar. 9
71 a4 Apr. 14
133
Jan.
7
70
Mar. 10
9*4 Feb. 13
110 4 Mar. 11

128 4 Feb.

52% Mar. 14

74% Jan.

138*4 Apr.
104

Feb.

21% Jan.

83
Feb. 20 84
10
Feb. 23
10
10 4 Mar. 8 20 4
8
Feb. 15
10
90
Mar. 1 110
70
Mar. 2 1114
01
Mar. 11
86

12734 j

Coal

*29
*17 4

Homestake Mining

*174
*2

Mariposa

Land it Mining
Coal
Ontario Silver Mining

Maryland

Pennsylvania

1 0 *8

35*4

Coal

Quicksilver Mining
a.

.

Bo

U*4

pref

50 4
19 4

standard Consol. Mining

Cameron

Coal

Central Arizona Mining

18
35 *1 i *35
354
i 215
245
11-4! *H4 12 4
50 4
*50
57
19 4
18 4 184

10%) *104

*35

18

*17 4

2 4

354

"2

*1134
504

13
564

184

184

2 4

15* *15*’

*1634

19

*35

354

245

'

18

*343*

35*4

12**

12**

28

17a4

17%

v2

2 %

"1*4" "To*
*344

35

*

*114
*50
*18 4

*50

18 4

57

18 4

1*2% * *1*2%

*50
18 4

57

184

Robinson Mining
Silver Clift Mining
qjormont Mining.
*

These

are




*

*34

34

*3 *4

34

*34

the prices bid and asked—no sale was made at the Board.

t Ex 25 per cent new stock.

88
21

Jan. 18

23

33

Jan. 18
Feb.
8
J an. 9
Jan. 14

19
49

Mar. 23
Jail. 19

10
05
01
44
90
25
94
4
40
84
77 %

XI ar. 8
XI ar. 8
Feb. 24
xrar. 10
Apr. 12
Jan. 23
Apr. 11
Apr. 11
Mar. 9
Jau.
4

41%

XI ar.
XI ar.
Feb.
XIar.
XI ar.
Fob.

26%
87%
22

Apr. 13
11
0
25
11
11
24

24

XIar. 30

100%

J an.
75
Jan.
00% Feb.
984 Jan.
37
xrar.
15 4 J an.
9 4 Jan.

3
9
11
28

30 18
10
9
3
0
41
Jan..
18
82%
92
Fob. 8 77%
90
Jan. 10
84%
52
Jau. 10
42
21
Jan. 11
23
01
J an. 11
024
39% Jan. 14 34%
104 4 Jan. 28 85
35% J an. 21 18%
31 118
87 4 Jan. 14
63

15
60

Feb. 24
Jan. 30
Jan. 31

190

25% Mar.

23 4 Jan. 10

59%
24
15
93
126

1264

64%
304

70%
54

114%

39%

514 Mar. 11

67 4 Jan.

7 50
Mar. 17 127
Jan. 17 130

1334 Feb. 24 137
135
17
110
100
24 4
20

18

Feb. 25 140
Mar. 9 40
Mar. 13 250

Jan.

5

Feb.

7

344 Mar.

8

43

8

79% Feb. 24
20

Feb. 15
68
Jan. 19
108 4 Jail. 26
34 % Mar. 9
10 4 Feb. 15

Feb. 15 122
22
20
Mar. 17 22
4334 Jau. 16 39
92
Jan. 16 85
46% Jan. 25 39
664 Jau. 26 55
1064 Jau. 17 90
314 Mar. 29 20
80
Mar. 27
70
123
Mar. 20 884

304 Mar. 22

51% Jan. 14

414

17 4 Jan.

15

7

74%

142
146
35
80
994 171

Mar. 11 203

J an. 11
J an.
3
204 Mar. 8
60
Mar. 8
Mar.

374

83
76% Apr. 3 64
200
1954 Apr. 11 190
8 37% Jau. 14 27% 57%

Jan.
Feb.
Mar.

60
G5

37
128
38
122

Mar.
Jan.
Feb.
Feb.

200

21,950
4,195 102-% Mar.

238,215
GO
350
031
125

4 Apr.
70 % Mar.

53%
109

%

49%

Feb.
Feb.
Mar.
Feb.
Jan.

145
Apr.
45 % Feb.
145
J an.
1
Jau.
-

Ill 93% Mar.

139

1744
50

504
774

143%
55

81%
1154
424
894
113%

73%
38

XI ar.
1J an.
Mar.

Jan.
Feb.
Mar.
Jpii.
Jan.
XI ar.
Jan.
Jau.
Jan.

Jan.

*450
50
00
225
200
535

*33% "go"
04%

96%

74%
73%
67

115%
49
190

62%
151

44
92

Mar. 15 1494 Jan. 10120
153
Feb. 181 97 4 Feb. 25 02% 98
72 4 Mar. 8 80% Jan. 26 514 79
125
Feb. 21 1304 Jan.
142
5 112
90

**3*6

*2*0*6

.........

113%

4 137 % Mar. 30
48% Jan. 14

an.

30
Mar. 8
13 4 Feb. 23
20
Mar. 21
27 4 Mar. 9

1

1

New Central Coal

32%

131

13

31
00
38

923

*5*0*6

Excelsior Mining

101 a4
1274 142
82
954

764

71% Jau. 14

..

Dead wood Mining

68*4

81

1834

38 4 Jan. 14

350
100

28

51

1094

Jan.
9
Jan. 14

„

Little Pittsburg Mining

91

107
60

54% Feb. 21

5,780

*140
143
*140
143
93 4 944 *934 944
75
75 a4 *75
704
127
*128
130
130

138

118% Mar. 30 1014 129%
120
xrar. 28 110% 140

27 % Feb. 23

39%

%

37%
2 0 :,4
135 4

32^857

12534
84

50 4
23
37 %
97 4
9 l %
20

100,820

*735
125 4 1254

Xrar. 21 120
135
25
30
45
714
09
90
Jan. 10
50
90
XI a r. 25
10
404
J an.
4
31
45
Feb. 20 82 4 112
J an. 14
SO 4 102%
J an.
7
20% 33%
J an. 14
32% 48%
J an. 14
23
36%
8 127
Feb.
156
Jan. 27 1334 1824

32% J an. 18
70% Feb. 4
85 % Feb.
2

30,190 10934 Mar. 13 119a4 Jan. 16 1054 131%
43
Mar. 22
624 Mar. 24

*

4
S3 *8

24*4
64

1194 1194

119*8 119*4

15

11141124 111*4 112*8

40

47 4 494
105 4 1054
39 *4
125 34

1124

2934
5634

00

024

2,200

*70 “ * *7*6*

70

1194 1204
40 34 42 34

28*4

*38
524
*89

135

131
11934 Mar. 13
54
Mar. 8
3,740
102
104,372 127 4 Apr. 13 13534Jau. 14 130% 155
104
Feb. 24 1094 Jan. 27
96
1304
124,9*7*6 34 Mar. 8 43 *8 Jan. 14 39% 52%
4,340
07
Mar. 8 85
Jan. 14 804 964
174 108
Feb. 17 173
Apr. 6 164% 190
13,745
21% Mar. 9 294 Mar. 28 25% 434
20
Jan.
0 24
Feb. 27 23 4 264
i*955 44% Mar. 8 58% Jan. 11 53
70
59,150
28% Mar. 9 414 Apr. 5 32% 51
141,221
00% Feb. 23 80a4 Apr. 5 64% 88%
3,325 f 15% Mar. 16 25% Jan. 14 21
37%
27
Feb. 23
6,115
60
3934 Mar. 28 35
200
126
9034 Mar. 9 1104 Mar. 28 97%

234

30*4

2934 Feb. 23

19
59

01

784

374

110

32a4

3934

io% ioa4

100,759

324

80 34 "7*8 4
48
*"""
20
*
01

130
Jan.
O
32 % Jan. 18
00
Jan.
0
80
Keb. 23
44
Feb. 23
15
Feb. 18
29% xrar. 17
74 4 Mar. 13
80
Feb. 23
19 4 XI ar. 9
28
Mar. 9
21
Mar. 9
127 4 XI ar. 11
127 4 XI ar. 13
104 4 J an.
4
118% Apr. 14
124
J an.
4
130
A pr. 10
120
Apr. 13
08
Mar. 8

1,950
37*4 Jail. 14
179,523 100;‘H Apr. 8 120*e Mar. 30 112%
24 0
49 4 Fob. 21 50
Mar. 28

72*4

39

594

1,915

91
80
72

7734

135

000
410
8

7134

*105

"Cl"’ *514
37
98

25,325
23,740

50

1274 12834 1274 128%
100
3434 354 *3*4" *354
72 4 72a4
714 73
72*4 72a4
1704 171
*171
173
*172
175
26
25 4 204
204
25*8 2534

104

73
1954 1954
294 30*4
69*8 60 4

195

3534
99 7a

1284 129

"35**4 "3*5*4 ’*35**8 **3534

734
172

55

91

304
92 4

00*8

3534

55

01

122

'*03*

1004107 4

324

874

31

75

"3*6** *3*6*

30

91

814
484

*

32

30

324

80-4

-min "2*6*

2,055

133a4 134*8
393.4 40%

40

33*4
104
54

873.4
48

300
100
085

138

114

80
70

90

814

80-4

49

1,500

700

7734
514

334
10

18,205

100

31
108 4

73*4

77 4

183.470

129*8

82

20

Y66

24

1134 12
118*4 119 aa
00*4 0234

1183^ 1194
594 02*4

21

*

1284 130

110*4 110*4

11*4

004

504

COAL AND MINING.
Consolidation

120 4 127

IO334 110 4
11.8 34 119*4
120 4 128-4

129
110

*78

"874 "874

23

*2*7*

504

EXPRESS.

1104

1294

11%
91
88
72

31
31*4
1094 107

4

30*8

28*4

152
30 34 31

American District Telegraph
Canton Company
Colorado Coal it Iron
Delaware it Hudson Canal

Pacitic Mail
Pullman Palace Car
Sutro Tunnel
West.Union Tel.. **x-cortilicates

*29
*22 *4
128 4

*•>*> 1

8,775

ih’2''

34*4

New York it Texas Land
Oregon Railway it Nav. Co.

82

1134

12

"51" *h*i'*4

**23*' *23*

32 4
584

,

704

20
01

192

**3*6*' *3*2*

Wabash St. Louis it Pacino
Do
pref.
..

31
24
129 34
130 *4

22
31

32

*17" * *2*6*

112*8 11334

MISCELLANEOUS.

21*4

21*4
*29 4

12

..

Virginia Midland

.

108

0

02*4
13441344

.

894

12

71

94

58

Rioh.it Allegh., stock trust ctfs.
Riolimond & Danville
Richmond & West Point
Rochester & Pittsburg
Rome Watertown A Ogdensb’g
8k Louis Alton it Terre Haute.
Do
■
pref.
St. Louis A San Francisco
Do
pref.
Do
1st pref.
St, Paul & Duluth....
Do
pref
St. Paul Minneap. & Manitoba.
Texas A Pacilic

74 4
88 34

72
T38

874

3034

50 34
*90
334

..

Philadelphia it Reading
Pittsburg Ft. Wayne & Chic
Rensselaer & Saratoga

40 4

7 0 “4

S9:*4
21*4

75
139

134-4 1344135
40 4 404
40*8 41*4

03

..

Panama, Trust Co. certificates.

-

74-4

*71
*138

r

-18 4
20
34

88 34

50

1194 120 4
014 03

504

4 9 >4
20
3 4
704

50

21

*90
87
71
134

75-4

344

20
01
314 33 4
95
934
*20 '
28
123
123
x02 4 03

pref...

*20

30

Nashville Chattanooga it St. L.
**G*i*4
New York Central <t Hudson
1284 1304 128*8
*105
107
New York Elevated
*105
35 4 30 34
New York Lake Erie it West..
344
Do
74
734
72
pref.
Bfew York New Haven it Hart. 172
173
172
New York Ontario & Western
20*s 204
25*8
Norfolk A Western
Do
514 5134 **5*i"
pref
Northern Pacific
38
40*4
37*8
Do
774 794
pref
70
Ohio Central
104 1034
15»4
Ohio A Mississippi
30 34 374
3034
Ohio Southern

994 100-4

*1*9" * 2*6'

‘hi’* hi 4

48*4

Oregon A Trans-Continental...

83

114

91-

394

78 4

Milwaukee L. Sh. it West., prof

Do

*80

114

55

87

Morris it Essex

12
119

100-4 1104 107

87
80*4

Missouri Kansas A Texas—
Missouri Pacific.
Mobile it Ohio

73

30

Memphis it Charleston
Metropolitan Elected
Michigan Central.
pref.

72

85*4 87
09*4 71
133*4 13434

414

0
50

Do

74
137

*90

13534

0
55

Minneapolis it St. Louis

74
137

504

314

138
128
77
354 30 4

354 **304
994 10()34
50 4

33 4
78
90
22 4

474

17

34

2d pref.

50

334

138
128
"75

124
1204 119*4 120-4
004 04 4
01*4 034

120 4 122

034

50

504

1*204 12*74

120*4 127 4

37

494

300

■224 24
129*4 129*4
130 4 130 4
1104 1114

i 28 4 i 29**4

9.34 10034

....

114

23

120 **
131 *4
1 11%
1194 120

123*4

04
80

74*4
89**4

129:*4
131%
110*4

133 4

04

*21
*29

*75

37%
100*4 10 L 4
*75
T35

70 34
90 *4
22 '4
32

23

129*4 129'-a

*9.04

cinnati, 1st pref.

Do

120
130

22
*30

135

51

70 4
89 4

22
34
25
12.14 129 4
130 4 131a4
109 4 111 •'4
119
119

32 4

135

494

>4

55

Long Island

05

Low. High

'X

*131

89%
*23

Chicago<fc Alton
Chicago Burlington A Quincy..
Chicago Milwaukee <t St. Paul.
Do

%

314

pref
prof

Do

135

f

Albany & Susquehanna
Boston it X. V. Air-Line

Highest.

For Full
Year 1881.

A pr.
Jan.
J an.
Feb.
Mar.
Jan.
Mar.
Mar.

Jau
Jan.
Mar.
Jan.
Mar.
Feb.

Apr.
Jan.
1

Jan.
Feb.

Apr.
Jan.
Jan.
Jan.
Feb.

CHRONICLE.

I HE

430

QUOTATIONS OP STATE AND RAILROAD

BONDS AND MISCELLANEOUS SECURITIES.

STATE

A, 3 to 5,1906....
Class A, 2 to 5, small —
Class B, 5s, 1906
Class C, 4s. 1906
6s, 10-20s, 1900
Class

6s,
6s,
6s,
6s,

6s, funded, 1899-1900...
7s, L. Bock & Ft. S. is*.
7s, Ueinp. «fc Ij.Rock BB
7s, L. B. 1\ B.& N.O. B B
7s, Miss. O. & B. B. BB,
7s,-Arkansas Cent. HU.

1

due
duo
due
due

1882
1886
1887
1888

6s, duo 1889

or

Balt.&0—1st, 6s, Prk.Br.
Bost. H. & E.—1st mort..

Bur. Ced. R.& No.—1st. 5 s
Minn.& St. L.—lst.7s,gu
Iowa C.«t West.—1st, 7s

C.Rap.Ia.F.it N—lst.Gs

Central Iowa—1st, 7s. ’99
Char. Col. <t A ug. —1 st. 7s
Cheasp. it O. -Pur. m’v fd.

6e, gold, series A, 1008.

6s, gold, ser. B, int. def.
6s,currency, int. def
Mortgage, 6s, 1911
Chicago & Alton—1st m..
'Income 7s, 1883
Sinking fund, 6s, 1903..
Joliet & Chicago—1st in.
...

La.<& Mo.—1st m.. guar.
2d mort., 7s, 1900
&t. L. J ack.it Ch.—1 st m

1st, guar. (564), 7s.’94
2dm. (360), 7s, 1898..

*95 to

97

|

Hous.itT.C.—1st., l.gr.,7s
1st mort., West. Div., 7s
1st mort., Waco <t N., 7s
2d, consol., main line, 8s
2d, Waco it N., 8s. 1915
!
Gen. mort., 6s, 1921
1
IIous.E.&W.Tex—1st, 7 s

i‘04"
127 to

486
127

127
j 111.Cent—Dub.it S. C.
103 to
Dub. it S. C., 2d Div,
115
ii6
Ced. F. & Minn.—1st in.
110 to 111341 Ind.Bl.it
W.—1st, nre
113
I
118
1st mort., 3-4-5-6S,!
106
106to
2d mort, 3-4 5-Os, 1909.
103
97
1911

Adjustment, 7s, 1903...

Leh.&W B.—Cou.g’d.as.
Am. D’k <t Im.—5s, 1921
C.M. A St. P.-lst.8s,P.D.
2d m., 7 3-10. P. D., 1898
1st m.,7s, $ g., R. D.,1902
1st ra., LaC. Div., 1893..

2d, 5s,
133 to 1337s Int.it Gt.No.—1st, 6s
gold
120
121
Coupon, 6s, 1909
120
......

125

119to 120
119
119
121
120

....

lstm., C. <k M., 1903

105

110
115
120

iol”

88

j

119
107
93 to

1st. 7b, I.& D. Ext.,1908

1st, Os, La.<t Dav., 1910.

Kent’ky Cen.—M..6S.1911

106^

IstS. Minn.Div.,6s,1910
lstm.. 11. it D., 7s, 1910 tlloto
Ch.it Pac. Div., 6s, 1910 109
94
1st Chic.it P.W.,58,1921

1910.

111

Sinking fund, 6s. 1929.. 4109
Sinking fund, reg

74

—

90

Sinking fund, reg..

121

Peninsula—1st in., conv. 120
Chicago it Mil.—1st in.. 120
Winona it St. P.—1st m. 109 to 110
125
4
.2d mort, 7s, 1907
Mil.it Mail.—1st,6s,190c
1.25* 128”
C. C. C.it Ind’s—lst,7s.s. f
126
Consol, mort., 7s, 1914..
C StL.itN.O.-Ten.lien,7s 4117

6s, 1930..

iai

7s, 1897

102 s8 102 34
113 to

No. Wise.—1st, 6s, 1930.

90
......

2d, Gs, 1926.
7s, 1907.

Bonds. 7s, 1900...
7s of 1871-1901
a.

.

125

......

123 to
127
125 to

iio”
117

4-

123

127

122 to
113 to

105 to

......

126

4! 35

1st, 6s, Peirce C. it O

Equipment, 7s, 1895..

119

So. Pacific of Mo.—1st m 104 to
Tex. it Pac.—1st,6s,1905 4100

99
118

496

Consol., 6s, 1905
Income it I’d gr., reg

......

1st,Rio G.Div.,6s,1930

94 to

1st reg.,

"

Pitts. Ft. W.&Ch.—1st

m

2d mort., 7s, 1912
3d mort, 7s, 1912.
Clev.it Pittsh.—Cons.,s.l
4th mort,, 6s, 1892....
Col. Ch.it I. C.— 1st, cons

104

2d con., 78, 1909
1 st, Tr’t Co. ctfs.,

......

1033e

N.Y.itM.B’h-

i

......

95

127

{101 to

—

497

Jack. Lan.it S—6s, 1891

V.

Mil.&No.—1st,4-5-6s,1910
Mil.’ L. S.it W.-l st 6s. 1921

{92

2d mort, 7s, 1891
'.
S’tlnv. Ex.—1st, 7s,191(
Pac. Ex.—1st, 6s, 1921

100
115
112

99
98
109
100

103

j

98
80 3h
104 to

1898
7s, 1898.
Pits.B’d.ifeB.—lst.Gs,19! 1
Rome W.ifeOg.—Con., 1st.
2d mort., 7s,
2d m..guar..

Bieh.itDauv.—Cons.g., 6s.
At 1.

97

133
126 to

8lto>

135
....

128

114
1st consol., 7s, 19i0
it!03 ■4]
Denv.So.P «fe P-c—1st. 7s' « '4
104 to

! And accrued interest.

103
105
60
98 to

104

93 v>

Equipm’t bonds,7s, So
96
Consol., conv., 7s,lJ0(
Gt. West—1st, 78;,88. 4

......

2d mort.,

7s._1893

Q. it T—1st. 78.

--

1890,

Ill.itS.I—1st, 7si,188-

luuto

104

106

4106
99 to

loo

Han.it Naples—1st, 7*
St. L. K.C.ifcN.—K.e.,7s 103” 1 *0*3 to
Om.Div—1 st more, < s 107
109 to
Clarinda Br—bs, 1919
97 to
i
99
St. Chas. Br—1st, bs
120
122
No Missouri—1st, JB.
West.U. Tel—1900, coup. 119
1900, reg• - - - val*; 119
S’ W. Telegraph—7s, 1904

Vaf.

W.W.—1st, bs
Oregon BR.itNav-lst,6s
Soring

INCOME BONDS.

Gen.e.r’yit l.g.,5s,1931..

St.L. Alton it T. II.—1st m.
i
2d mort., pref., 7s, 1894.

Cliic.St.P.&M.—L.g.nic.bs
Chic. «t E. Ill—Inc., 1907
Des M&Ft.D—l8t,lnc.,bs
Det. Mack. &
E.T. Va.itG—Inc.,bs,1931

p1'*}:"1, !,1;

viw c

iYd” *116**

^iBayW&St.P.r2.l,Iuc

1 ud. Bl.it West—lnc.,1919

Ind s Dec.itSpr
Trust Co. certificates

d-2d.jnc.

Int. & Gt.

North—2d Inc.

2d assouted, bs, 1909....

Lehigh it W.B.Coal—1888
Lake E. it W—Inc. 7s,

99

Sand’ky Div—Inc., 19-0
Laf.Bl.itMun—Iuc.7s, 99
Mil: L. S- & W—Incomes.
lSIob.it 0—1 stpref.deben.

2d nref. debentures
3d pref. debentures

-

—

75

4””” ioo*
75
55

460
4

48to

48to

*27
70
60

■f

t

-

480
480
87

89 to

49
35

50
55

53

•

•

»••••

78

82 to
50

....

.

50

■4*2”
36

38

3*2 to *34 *

Peoria D. & Ev.—I ncoroes
Evansv. Div—Inc., 19-0
Riclim. & Dan—Doben. bs
Hoeh. it Pitts—Inc., 1931
S. Caro.R y—Inc.,bs,1931
St. Louis I. Mt. <t »n—

463

1st, 7s, pref.. nit. accum.
2d, 6s, iut. aec nuilative

*92
480

90
41 to
49 to

Tol.Del.it B—Inc.bs.l910

97*
45

•■•••«

94

.••mmm

■*3*8” ”4*6”
23to
23

18

Dayton Div—bs, 1910--

Tex.itSt.L.—L.g.,mc.l9(Broker's Quotations.)

90

Va. State—New 10-40s...
Atl.it Charlotte—1st, 7s--

90

101

Income,

89

91
99 to 100 to

Car:

Cemtvai—1st, 6s, i920

Cent, Ga—Cousol. m., is.

1*0*2**
115

.....

109 to
110
112
no to
110
108 to
108
77
78
......

117
106

-

...

.

•

Chic.St,i;.itN.p^5s,i951
nd.St. L.it C—lst.bs
(’in. 1
G al. H. & H en—/ s, g-,

Georgia Railroad
liu

19 0 -

is..

KausasitNeb—lstmort..

Long Island—1st moit..
Memph.it Char—1st,cons
1st, consol., Tenn. Lcn-

...

«•••••

43 to 45
107 to 108
92
90
72to
71
100
114
112
99 to 101
90

112
108

"io" "75”
120
107
65
17
115
106
109
109
115
30

......

..

Josepii

Pac—ist

Ti
We^^N/c-l-t3?.

t No price Friday—these are

*

4*1*07 to il*2** ;Uiscellaneotis List.

!

”””

112to

itNo.—2dlnc.,l970

Plain Income bs, l»9b-Stel ling Mtn. R’y Inc.. 9o
St L.A.&T.11-Div. b’uds

7s.

St, TiOiiiSit T. Mount.—1st
2d mort., 7s, 1897
Arkansas Br.—1st mort
Cairo it Fultou—1st m.
Cairo Ark. it T.—1st m.

*89** '*9*2*'
101
46

Cliic.St.L.&N.O—~d,190/
Col.Chic.&I.C.-Inc.7s,90
Cent. I a—Coup.deb.certs.

St’g Lit R’y—Ser.B.,inc.

112

.....

......

2d mort., ext,, 7a,

112

Ogdensb.it L.C—Inc.19-0

138” i*4()‘*

Inc., 1900

110 to
93 to

*63

98

in

109
100
2d mort., income, 7s, ’94 4
i
H. it Cent. Mo.—1st,’90
N. O. it Jackson—1st, 83
BellevilleitS.Ill.—lstm. 118
Mobile & O.—New in., Gs
Certificate, 2d mort.. 8s
into St.P.Miun.it Man.—1st,'
109-to 109 to
Collat. Trust, 6s, 1892.
2d mort., Gs, 1909
N.Y.itG’nw’d L—lat.is.i
105 •'g
1
Dakota Ext.—6s, 1910
107 to 108
Morgan’s La.«tTe.x,lst,6s
i St, P. it
SL
115
«t
Dul.—1st,5s,1931 100
m.
So. Car’a K’v—1st,Us,1920
9734 100
N. Y. Central—6s, 18£
SL
J
West’n-Stocff
85
90
i‘04to i*04to 2d, 6s, 1921
Tex.Cen.—1st,s.f..7s, 1909 108
6s, 1887
4109 to
6s. rcD estate. 1883.
Tol. Del.
Bur.—Mav
*90

61 to
106 to

92
80

......

Ohio cent—Income, 19-0
Min’l Div—Inc. 78,1921
Ohio So—2d *nc., bs.19-1

itch.—1st,p.,7s,1897

Scioto Val.—1st. eons.,
1

99
64

123

Trust Co. certificates...
j Roch.it Pitt,—1 st,6s, 1921
i Rich.it
All’g.—1 st,7s, 192(1

1

i‘l’6"

iio

......

1;1-1

4th pref. debentures....
N. Y. LakoE.it W.—luc.bs.
N. Y. P.& O—l8tinc.ac.o-7

„

ass’d

2d, Tr’t Co. ctfs., ass’d

ibito,!

.

7s, 1900

2d, 7s, 1913

100

i’o'i”

63 7s
82

L’ennsylvania RR—
Pa. Co’s guar. 4 tos 1st c.
Registered, 1921
ritt.C.itSt.L.—1st c., 7s

90

Registered, 5s, 1931

116
115 to

4135

......

112

102

......

Coupon, 5s, 1931...

121 to 122
123a4 124 to
106 to 167

l8t,cons.,guar.7s,190i

......

52

102

.

....

6s. 1909

120 to
13534

ui.

108

*49to

103 to

160
103
90

1.27

......

110
109

99 to
100

4

i‘10%

110

St.P.&S.C.—1st, 6s,1919
Chic.it E.I11.—lst.s.f..cur.

_

101 to
L’isv.Cin.it L.—Gs, 1931

.

-

99\

4

106
Cal.ife Oregon—1st in..
State Aid bonds,7s,’84 4103
105
Land grant bonds, 6s. 104
West. Pac.—Bonds, 6s 110 to
103
103 to
So. Pac. of Cal.—1st, 6s.
ll7to
Union Pacific—1st mort. 117
112
113
to
Land grants, 7s, ’87-9.
118 to
117
to
Sinking funds, 8s. ’93
120
Registered 8s, 1893... 4
Collateral trust, 6s
Kans. Pac.—1st, 6s,’95
111
iii to
lstm., 6s, 1896.
111
Den.Div.,6s,ass’d.’99 110
1047b 105 to
1st cons., 6s, 1919... 100
Ct.Br. U. P.—F.co.,7s,’95
98
A tell.C. it P. -1 st,6s, 1905
97
At. Jew. Co.ifcW.—lst.Gs
104 to
Oreg. Short L.—1st 6s.. 102
Utah So.—Gen.,7s, 1909 104 S,
100 r
Extens’n, 1st, 7s, 1909
103 to
Mo. Pac.—1st consol.. 6s 102
into
3d mortgage, 7s, 1906.
107 to 107 to
Pacific of Mo.—1st. 6s
115
4
2d mort., 7s. 1891
St. L.it S.F.—2d, 6s. cl.A 100
90 to 91
3-Os, class C, 1906
92
91
3-68, class B, 1906

ii'dto

116 to

Nashv. it Dec.—1st, 7s.

......

118

78

98
Gen’l mort.,

■

*83

.....

75
106 to 107
84 to
75

*98 to 99to

Sinking fund. 5s, 1929..

106 ”

1003s lOO-i

..

io3to^

.....

*89 to

Lake Snore & Mich. S.—
Mich. So. <t N.I. s.fd. 7b 109 to
Cleve. & Tol.— Sink. Id.. t
New bonds, 7s, 1886..
i 21
ii‘i
Cleve. P. it Ash.- Is
Buff; it Erie-New bds. 120
121
Buff, it State Line- 7s.. 100
109
109
Kal. it W. Pigeon—1st.
94
Det.M.it T.—1st,78,1906 121
106to
Lake Shore—Div. bonds 4119
116
Consol., coup.. 1st., 7s 127
109 to
Consol., reg., 1st 7s... 125 to
94 to
Consol., coup., 2d, 7s.. 124
124
Consol., reg., 2d, 7s
117 to
Long I si. R—1st, 7s,l»9i
96 to
1st consol. 5s, 1931
117 to
100
108 to
100

C.& N. west—S.f, 7s, 1885 U07"
Interest bonds, 7s, 1883 4105 to
Consol, bonds, 7s, 1915.. 132
Extension bonds, 7s, ’85 4105 to
4
1st mort., 7s, 1885
Coupon gold, 78,1902... 124 to
127
4
Reg., gold, 7s, 1902

X

*

78

.

io’5”
Peoria Dec. it Ev.—1st, 6s
101
Evans. Div.,1st, 6s, 1920
Pac. KBs.—C. Pac.—G.,6s. ilG
San Joaquin Branch.. 4107 to 109

iia”

121

{100

S.W. Div., 1st, 6s, 1909.




100

112
108
112
117

......

lstm., I. & M., 1897....
lstm., I. &D., 1899

‘Prices nominal.

75

90

,.

Consolidated 6s, 1911...

Conv., assented, 1902...

.

.

_

.

1st consol., assented, ’99

Rens. it Sar.—1st. coup
1st moit., reg.. 1921

1st, Dayt. Div., bs, 19

N. Y. CL it H.—1st m..cp. 135
1st, Ter’l trust, bs, 1910,
63
1st mort., reg., 1903 ..
133to 133 to i Vvg Mid.—M. ine.,bs,19J <
i|
80
W. St. L. it P.-Geu.m.,bs
Iluds. R.—7s, 2d, s. f.,’85 4110
4
Chic.
Canada So.—1st, int. gu.
9434
Div.—5s, 1910
llav. Div.—6s, 1910
81
Harlem—1st m., 7s, cp.. 134
1st mort., 7s, leg.,1900 4133
Tol.P.&W.—1st, 7s,l911
91
Iowa DlV.—bs,
N. Y. Elev’d—lHt. 7s. 1906 116=s 117
• •• • •
98 to
N. Y. Pa.it O.—Pr. l’n.6s,’95 4
Ind’polis Div.—bs. 1J-L 490
61
65
Detroit Div.—bs, 19-1..
N. Y.C’.ifc N.—Gen.,6s. 1910
(jairo Div.—5s, 1931- • • ■
N.Y.ifc New Eng.—1st, 7s.
i.
Wabash—Mort. 18 of 09
1st m., 6s, 1905
*97**
Tol. & W.-l st, ext,, is 4
Nevada Cent.—1st m., 6s.
N. Pac.—G.l.gr.,lstcon.Gs 100 :;4 101
1st, St. L. Div., 73,1889 102

......

Keo.«t Dee M—1st, g.,5s
Central of N.J.—lstm.,’90

DeL&H.C.—1 stm.,78,1884
1st mort, 7s, 1891
1st mort, ext., 7s, 1891
1st mort., coup., 7s, ’94.
1st mort., reg., 7s, ’94...
1st, Pa. Div., cp.,7s,19l7
Reg., 78,1917
Alb. it Susq.—1st m., 7
2d mort., 7s, 1885

SECURITIES.

0s, subscription, 1883..

iYs”
74 to

registered

N. \. Cent.—Continued—

..

64, 1917, registered

Morns <fc Essex—1st
2d mort., 1891

MISCELLANEOUS
92

small

Do
Do

.....

Iowa Div.—S.F.,58,1919
Iowa Div.—S.F.,4s,1919

Mort.

Registered
Funding 5s, 1899

......

C. R.I.A P.—6«,coup.,1917

con.,

AND

50to

365s, 1924
Small bonds

6s, coupon, 1893-99

;90

104 to
50 to
50 to

District of Columbia—

......

6b, sinking fund, 1901.. U01

os,

82

6s, 1886

......

Consol mort., 7s, 1903..

—

Tennessee—6s, old, 1892-8
6s, new, 1892-8-1900—
6s, new series, 1914
Virginia—6s, old
6s, new, 1866
6s, new, 1867
6s, consol, bonds
7 to
6s, ex-matured coupon..
6s, consol., 2d series
/ 4
6s, deferred

Rhode Island—

BONDS

102
50
50
50
34
34
34
92
66
43
14

......

(188), 7s, ’98.

Consol. 7s, 1905
2d mort., 7s, 1884

1910

Ask.

8to

Brown consol’n 6s, 1893

7
(D
SO
80

class 2
class 3

Bid.

6s, Act Mar. 23,1809 )
non-fundable, 1888.. )

Eliz.C.ifcN.—S.F.,deb.c.Gs
1st mortgage, 6s, 1920..
‘46 to1 ’48 ] Eli/.. Lex.it Big S’y.—6s... ‘‘JO” ”99 to
100 to
Erie—1st mort., extended. 126 to 130
120
109
2d mort., ext’d 5s, 1919.
104 to 10 4 to
3d mort,, 7s, 1883
uoiT
4tli mort, ext'd, 5s, 1920 105 to
110
ii2
5th mort., ext., 7s, 1888
108
t/.V.
1st.consol., gold, 7s,1920 i’itj" 12 (3 to
1st, consol., fd. cp.. 7s
UOO”
4100 to
Registered 6s. 1921..
Reorg., 1 st lien, 6s, 1908 105 to ioe”
81 to 82 to1
84 7b
85 to
N. O. Pac.—1st, 6s,g.. 1920
J.ong Dock bonds,7s, ’93 115
103 to
46
48
I
N or r. it W.—G. 1. m., Gs, 1931 4103
Butf.N.Y.ifeE.—1st, 1916 126
101
i
118to
Olnoifc Miss.—Consol, s. f. 118
N. Y. L.E. it W.--N e w2d,6 492a4
118 to
118
4122
Consolidated 7s, 1898...
2d, cousol., fd. cp., 5s.
119
100
to 120
io()34
2d consolidated, 7s,1911
Buf. & S.W.— M.» 8,1908
113to 114 to! Ev. it T. H.—1st cons., 6s “96” 94”
lstm., Springfield Div.. {119 to 120
97 to
98
Fl tifcP. Marq.—M.6S.1921 {HOto 112to Ohio Cent.—1st, 6s, 1920.
104
lstm., Ter’ITr., 6s, 1920 493
Gal.Har.&S.Ant’o—1st,6s 103
ibs
109
107
1st Min’l Div.—6s, 1921
2d mort., 7s, 1905
114
87
85
Ohio So.—1st M., 6s. 1921.
118
108to Oregon it Cal.—1st, 6s, 1921 491 to
Gulf Col. it S. Fe—7s, 1909
106 to Panama—s.F. sub.6s,l897
Han. & St. Jos.—8s, conv. 106

Mies.R.Br’ge—lst.s.f. 6s
C.B.&Q.—8p.c„ 1st in..*83

lstm.,

Do

SECURITIES.

South Carolina—

71

Special tax, class 1, ’98-9
Do
Consol. 4s,
Small
Ohio—

Dot. Maek.iv Maiq.—IstOs
Land grant 3ton, S. A...
E.T. V a.it It a.—1 »t7s, 1900
1st cons. 5s
Divisional 5s. 1930

Railroad Bonds.
(Stock Exchange Prices.)
Ala. Central—1st, 6 s, 191S
Atch. T. & S. Fe-4 to. 1920
Afcl’c it Pac.—1st,6s. 1910

Div.,

Do
.A.itO
Chatham RR

6s, loan, 1893

RATI.ROAD

Min’l Pt.

’87.

do

1868-1398.
New bonds, ,J.it J., ’92-8

112 W
:i4
;
116
107
i
108
[110

1890

Ask.

135
115
115
10
10
18
18
4*

Do

6s, gold, reg., 1887
6s, gold, coup., 1837
6s, loan, 1883
6s, loan, 1891
6s, loan, 1892

7s, consol., 1914
78, small

28
28

135

Funding act, 1866-1900.

New York—

Louisiana—

guar.

' 100
107 to!
110

now

Ho

Georgia— 6s, 1886
7s, new, 1886
7s, endorsed, 1886
7s, gold, 1890...

old, J.&J.

No. Carolina BB., J.it J.
A.itO
Do
Do
coup, off, J.it J.
Do
coup, off A.itO.

6s, old, A.it O

! 112
or 1883

Bid.

SECURITIES.

----

Asyl’m or Univ., due ’92
Funding, 1894**95
Hannibal it St. Jo., ’80.

Connecticut—6s, 1883-4..

2d,

Ask.

Missouri—

Arkansas—

“

BONDS.

N. Carolina— 6s,

Michigan—
6s, 1883
7s, 1890

Alabama—

-

Bid.

SECURITIES.

SECURITIES.

[VOL. XXXIV.

latest quotations made this week.

e!

25

125
110
80
25

118

!

10

7Q
104

J

112
122
45
12
80
30
15

80

1107

A

THE CHRONICLE.

15, 1863. J

April

New York Local Securities.
[Quotations by E. S. Bailey, Broker,
No. 7 Pine Street.]
Price.

COMPANIES.
Par.

Marked thus (*) are
not National.

Prick.

Bid

SECURITIES.

Ask.

Jam. * Atl. 1st m. 7s. g., 1893 112
BOSTON.
do
2dm. 04.1901
Atcb. & Tcpoka 1st m.7s
119Q
10-'k
co
do
(ona.,6p. c
landgrant7f 114*4 115
10354
Cam.
&
ao
land Inc. 8b..
Burlington Co. «s,'97.
94
Catawlssa lst,7s, conv., cp.’62 ii?
Atlantic & PaclfD, 6s
28
do
chat, m., 10s,
< 0
29
Income
<’o
new 7b, 1900,r.& cp ii8
Boston & Maine 7s
Chartlers
Val., iBtm.7a.C.,lwu:
oouton & Albany 76
Connecting
6s, cp. 1900-1904. 115
68
do
•v
Delaware m.. Gs, reg.&ci>.,var
Del. & Bound Br., iut, 7b. 1900 125
d<>
6s
East Penn. 1st mort.7«, ’88
*
ttoston & Providence 7s
K-8
* Amboy, 5s, 19.’0 ....
Easton
3url. & Mo., land grant 7b. .
1V2
E1.&
ibt
1910
W’msport,
do
Nebr. 6s
E.\
m. 6i,
il4
1G3
do
do
99
Nebr. 6s
103k
5s,perp
81k 83
do
Nebr. is
Harrisburg let mort Cs, ’83.. 102
H. & B. T. 1st in. 7fl. gold. ’90.
Chicago Burl. & Quincv I).Ex 8o>)4 84
co
coub. m. 5s, 1895—
87
Conn. & Pa^suinuslc, 7e
52
|Ithaca*
Athenslst g d, <s.,’9i
Ci-nuott d Val ey. 7s
.
..
8’l
Junction 1st mort. 6*, ’62
ioo
Call ornU 8outlie'U,63
do
2d mort. 6b, 1900
107k
Mhbb., 4^8, new. .. io?
123
Lehigh Valley, let.Gs, reg.,
ifltcliDurg RR., 6s
do
1st, 6a. cp..1896
7s
do
do 21 m. 7b, reg., 1910..
nok
Fort Scott & Guif 7s
’48
do
48Q
cod. m., 6a,rg.,192S
lartford & Erie 76
do
do
120
10344 i
6s,cp.,19<:3 ym
K. (Jltv Lawrence & So. 5s...
115
Little Schuylkill, 1st m.7s,’62
K»n. City. St. Jo.&C. B.7s.
109
N.
O.Pac., 1st m.,6s, 1920 .. '8554
Little R’k & Ft. Smith, 78,1st
84^4 North. Penn. 1st m.6B, cp.,’85. 105.k
Mexican Central, is
104
do
2d m. 78, cp., ’96. 1,0
New York & New Eng. 6s...
114
114)4
do gen. in. 7s. reg., 190' 120
no
is
111
112
do gen. m. 7b, cp., 1908.
New Mexico & So. Pac. 7s...
do debenture is. reg... i04)4
Jgdensburg & L. Ch. con. 6
do
Inc
Norf’k£We.-t.,gen.m.,bs.L31 103
Oil Creek, 1st bs.coup., 1412.. 100
Old Colony,7s
...
old Colony,08
PennBylv.,gen. m. bs, rg., 1910 124
114
115
do
gen. m. 6s, cp.. 1910 124
Pueblo & Ark. Vallpy, 7s....
do
cons.m. 6s, rg., 1905. 118-54
Rutland 6s,1st mort
100
do
6s, cp., 1905
cone.m.
Sonora 7s
do
5 c reg., 191 j
do
Vermont & Mass. KK.,bs....
Pa.*N.Y.C.& KR.7b ,l&iJb
Vermont & Canada, new 8s.

Bid.

Ask.

America* —••• *
Am. Exchange...

JOO
100
25
25
100
100
25
100
25
100
100

Bowery
,

Chase

Chatham
Chemical
Citizens
City...-**Commerce..
••

••

Eleventh

Waul

First..

••••;•
German American.

German Exchange
Germania*.
Greenwich*

.

Island City*-

• • •

. • •

.

Mercantile.

Merchants
Merchants’ Exch’ge
....

.•••••

Metropolis*
Metropolitan

.

•

....

....

....

....

....

.

.

180
.

•

•

•

...

•

....

.

...

/

....

•

........

Phenlx
Produce*.

Republic
fit. Nicholas
Seventh Ward

Second.
Shoe and Leather.
Sixth
State of New York..
Third
.

.

Tradesmen’s
Union
United 8tates
West Side*

Gas and

•

»

.

Clinton
Columbia
Commercial
Continental

Guardian
Hamilton
Hanover
Hoffman
Home
Howard

....

....

....

....

133
235

200

....

....

Importers’ & Tr’d’rs

Irving
•

•

•

.

.

.

.

Jefferson

•

140

..

.

135

Lafayette (Br’klyn).

....

105
98
DO
130

118

Lenox
Lonu Island
Lorillard

....

,

„

•

108
•

.

ii3
•

•

*

•

•

•

•

•

t

.

f

(B’klyn)

•

.

•

....

125

•

•

«...

.

...

•

•

•

•

.

•

140

.

•

.

Niagara

...

....

100
.

Montauk (Brooklyn)
Nassau (Brooklyn)..
National
New York Equitable
New York Fire
New York & Boston.
New York City

.

•

•

••

•

•

•

•

.

•

.

•

104

10854

13354

135

....

105

•

122
.

...

128
•

.

•

•

•

••

•

...

•

•

.

•

•

•

•

•

.

Republic...
Rutgers’
Standard

•

•

•

103
»

.

.

Relief
i

.

.

...

....

117
145
75
!45
100
8J
6)
145
20)
55
1)0
70

70

85
100
100
100
50
25
25
100
20
50
50
50
100
25
50
100
IOO
25
25
25
10
50

People’s
Phe'nix

•

.

loO
117
85
105
110
185
147
120
270
05

375*

North River
Pacific
Park
Peter Cooper

•

tM

....

....

.

•

1295s
•

....

.

90
225
225
85

25
100
100
25
50
50
50
50
50

Mechanics’ (B’klyn).
Mercantile
Merchants’

...

185
1*5
150
!20
1J5

25
50

Mech. & Traders’...
104

200

100

Manufac’rs’A Build.
Manhattan

1

100

....

...-

Kings County (Bkn.)
Knickerbocker

....

100
25
25
17
20

30
50
100
40
100
30
50
17
10
100
100
50
50
25
100
15
50
50
100
50
50
100
30
20
40
50

Grnenwieh

•

....

140
105

70
100

.

....

....

100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100

People’s*

.

125

....

•

..

0

Firemen’s
Firemen’s ’Trust
Franklin* Emp....
German-American..
Germania
Globe

...

100
100
100
100
100
100
70
30
25
50

Nassau*....
New York
New York County...
N. Y.Nat’l Exch’ge.
Ninth
North America*
North River*
Oriental*
Pacific*
Park......

.r

.

Exchange

Eagle
Empire City
Exchange
Farragut

•

....

Murray Hill*

1

•.

IcO

1

•••

•

Mount Morns*

••

•

....

150

100
50
50
100
50
100
100
25
50
25
100
50
50
100
100

Leather Manut trs
Manhattan*
Marine
Market.....
Mechanics’..
Mechanics Assoc n.
Mechanics & 1 r drs

•

•

100

Sp°and Traders’...

•

•

....

100
100
100
80
50
75
100
100
25

Fourth
Fulton
Gallatin

(250

...

100

Fifth
Fifth Avenue*

•

•

50

Bowery
Broadway
Brooklyn
Citizens’
City

....

•

•

American
American

.

.....

•

•

•

25
25

•;

•

....

100
100

•••

Corn Exchange

East River....

•

....

Sterling
Stuyvesant
Tradesmen’s
United States
Westchester

Williamsburg City..

100
60
105
75
130
140
70
115
110
150
110
130
95
10

60
180
100
195
120
185
110
140
70
75
140
115

75
58
125
75
125
115

250

loO
no
210
1>*7

195
100
125
150
60
1* 0
24)
210
90

112
120
I'll
155
125
300
70

125
15 3
85

1.0
105
95
70
153
210
00
115

80
It 5
66
112
93
140
150
80
120
120
100
120
140
100
20
70

....

2,000,000
1,200,000

....

815,000

1,850.000

Jersey City & Hoboken

750,000

Manhattan
Metropolitan
do

4,000,000
2,500,000
1,000,000
5,000,000
1,000,000
1,000,000
700,000
4,000,000

bonds

Miturti, N. \
do

bonds

Nassau, Brooklyn
do

scrip

New York

M.&S.
F.& A

Quar.
F.& A.
Var

M.&N.

M.&N.
1.000,000 J. & J.

People’s (Brooklyn)
Bonds
Bonds

375,000 M.&N.
125,000 Var.
400,000 F.& A.

Central ot New York

Williamsburg
do

Var.

Var.
A.&O.
F.&A.
■J.&J.
J.&J.

1,000,000 Quar.

bonds

1,000,000 A.& 0.
1,000,000 M.&N.
3,000,000
750,000 M. &N.
1,50U,000|

Metropolitan, Brooklyn
Municipal

do
bonis
Fulton Municipal

5

...

ICO
62
105
Feb., 78 94

1st mortgage

Broadway

1,000

& Seventh Av. -St’k

1st mortgage

Brooklyn City—Stock
1st mortgage

Broadway
Brooklyn

100

(Brooklyn)—Stock..

—

...

1st mortgage

42d St. & Grand St.

....

Second Avenue—Stock
3d mortgage
Consol, convertible

Extension
8ixth Avenue—Stock
1st mortgage
Third Avenue—Stock
1st mortgage

Twenty-third

Street—Stock.

_lst mortgage
*

100

1,000

Ferry—St’k

1st mortgage
Central Cross Town—Stock
1st mortgage
Houst.West St.& Pav.F’y—St’k
1st mortgage

100

1,000
100

400,000

300.000

Jpi;

500,000 j. & j.
1,800,000 Q-J.
1,200,000 j :& d.
050,ono F.& A.
250,000
1,200,000
900,000
1,000,000
203,000
748,000
230,000
000,000

155
125
90
00
133
85
130
125
200

105

1898

*

Q-F.
J.&D.

Q-J.

J. & J.
M.&N.
A.&O.

200,000

m!&n.

100
500
100

250,000
500,000

J.’&j’

1,000

1,199,500 J.&J.

150,000 A.&O.

1,050,000 M.&N.
,00&c
200,000 M.&S.
1,000
100

1,000
100
1.000
on

H4! 103.Mi

June

Feb., ’82 2i5

102

27*
112
148
1C 4*
220
110

170
Apr.. *82 150

180

Jan., ’82 120
Apr. ’82 133

125

1888

|102

flhsC.1902,110
Feb.,

’82j

1898

90

'lOO

Feb., ‘82 230

June, '931115
Apr.,’82 2(0
Jan., 'Hi 100
Nov., ’81 200
Apr., ’98 110
05
Nov.itkii 105

J70
105
142
119
100
no

tip
iio

00

1,000

100

24
J’ly.lftOo 105
Apr., ’*2.142

750,000 M.&N.
500,000 J.&J.

2,000,000 Q-F.
2,000,000 J.&J.
000,0001 F. A A.
250,000! M.A N.

’94 105
'82 145
’85 1(3
’88 108

T10

Mar., **J2 250
July, ’skill iO

270
1*5

July.
Jail.,
Apr ,
Nov.,

MO
151

Sept..*8.i| 145

Fei.

..

89

’82 200

I

illy, ’90(109
Feb ,*52 145

May. ’931110

stocks, but the date of maturity of bonds.

.

.

133
121

...

101

118

....

88

X104 165
X...
68
.

Chesnirepreierred

Chic. & W. Michigan
Cln. Sandusky & Clev

mn 101k

145
104
58
70

24k

146
100
00

25%

Concord
Connecticut River
Conn. &

Valley

pref

do

40

24*4

ao conv.

IowaFalls & Sioux Cliy.....
65

10%

95

0454

115

Bunhury * Erie 1st m.7s, ’97.
45

Northern of N. Hampshire...
Norwich * Worcester

Ogdenab.& L.Champlain

lot'*

82
119
U»

do

common.

LlttiO Rock & Fort Smith....
Manchester & Lawrence....
Mar. Hough. & Out
Mar. Hoagh. & Ont.. pref...x
Nashua* Lowell
New York & New England...

10<>

7s, R. C., 1893*

7s. coup, off, ’$
Phll.Wilm.&Balt .4s,Tr.cerL! Pitts.Cln.&St. L. 7e, reg., 190.
|
do
do
7b, cp.. 19it
Plttsb. Tltusv. & B.. 7s, cp..’9<
Rich.* Danv.coui.lnt.08,19.5
Shamokin V.& Pottsv.7s, 190i

x95

127
101
115

do
I255i
cp.,1911
cons.m.6s,g.lR01911 113
lmp.m.,6s,g„ 0.189gen. m. 61, g., C.lfO^s 9754 0756

do In. m.,7s,coup.,'896.
do deb. coup., l"93*....
co
do CjUD. off, 1193
do ecrip, 1892

6%

Eastern
Eastern

do

do
do

do
do

Passumpslc

Connotton

do
19(6
Perklomen 1st m.6s,coup.,’8;
Phlla. & Erie 2d hi. 7b. cp.,’88
do
cons. mort.6s. 920
po
do
5fl,’920
Phlla. Newt’n & N.Y.. 1st, ’9.
Phil.* R. 1st m. 6s,ex. due 1910
do
2dm., 7s, cp-93.
do cons. m..7s,rg., 1911
....

87%

Atchison & Topeka
Boston & Alhanv
Bodoa C la. & Fitch
Boston & Lowell
Boston* Maine
Boston & Providence

8unb. Haz. * W..lst m.,5s/2i
co
2d m. 6s, 1938..

40

CornV.lst.la.l^
Texas * Pac. 1st; m..6s,g..l90? 103
do
Rio Gr. D.v.,1830 8154
cons. m..6s,g.,l905
do
Syra.Gen.*

ioo

...

139
Old Colony
lnc.Al. gr.,7s 1915
do
Portland Saco & Portsmouth 114*
Union * Tltusv. 1st m. 7s, ’90. 99
i20
1245s
Pullman Palace Car
..
11J
24
24* United N.J. cons. m.6s,*94.
Rutland, pref erred
Warren & F. 1st m.7s, ’96
Revere Beach & Lynn
“7% *7* West Chester cons. 7s, ’91. ..
Tol. Cln. & St. Louis
West Jersey 6e, deb.,coup., 8:
Vermont & Massachusetts..
56*
do
1st m. 6s, cp., 96.
Worcester* Nashua
do
1st m. 7s,’99
17)4
Wisconsin Central
•

do
cons. 0s, 1909 —
W.Jersey* At . 1stm 5s, cp.

pref

CITY BONDS.

3enna. 5s, new, reg., 1892-1902
do
4s, reg., 1894-1904
do
4s. reg..'*912
fO
3M°, reg., 1912
’blla., 6s, taxe l, reg., 1*82 *94
do
6<,untaxei.reg.f’;6*’95
do
4a, various

2ft

ao

do

pref
new

pref

42

BALTIMORE.
Baltimore 6B, 1881,

do
do

12)4
do

do

pref.

25

6054

61

i

62H
55

*

6s, 1890, quarterly... 11?

do

6s, park,

68, 1893,

do

quarterly.

68,1886, J.& J.

do
do
do

67

Iilnehlll
;
Nesauehontng Valley
Norfo.k & Western, com
do
do
pref....

88

do
do
co p.. 19.0
Phll.*II.Coal*Ir’n dcu.is,s>2*
do
deb. 7s. cnB.ofi
do mort., 7s, 1892-4

pref..

do

do

1886

Morris, boat loan, reg., i»8o..
95
Pennsylvania 6s,coup., .910?.
Nav.lst ra.6s.rg.,’97. :O0
1751 Schuylk.
do
2d m. 6s, reg.. 1901 0254
miscellaneous bonds.
I
Penn.Co ,6s. reg
« — 100
do 4>j*,reg.,lS!W 9454
do
23 M
55

pref.

ito

Lehigh Navlga. m.,«s, reg., 84 1035* 104
ilO
do mort. RR., rg .< 9
do cons.in.7s,rg.,19i ... 118
do Gr’uw’d Tr.7*. rg.. 92 109

112

pref.}....

do

IOO

gen.m.7s,(p., 190.

CANAL BONDS.
Ghes. * Del.. 1st m., 6s,

STOCKS.f

RAILROAD

do

118

90

U0J*

Western Penn. RR. 6s,cp. 93.
..
do
6s P. B.,’96...

PHILADELPHIA.

do
p ef
Little Schuylkill

Jan., >2

...

3TOCKS.

-

J. & J.

1,000

Thla column shows last dividend




094,000 J, & J.

2,100,000 Q-J.
1,000 1,500,000 J.&D.
10 2,000,000 Q-F.
1,000
300,000 MAN.
100
200,000 Q-J.
100

100
Crosstown.—St’k...
1st mortgage bonds
1,000
Bushwick Av. (B’klyn)—Stock.
100
Central Pk. N. & E. uiv.—Stock
100
Consolidated mort. bonds
1,000
Christopher & Tenth St.—Stock 100
Bonds
1,000
Dry Dock E.B.& Batt’ry-Stock
100
1st mortgage, consolidated .. 500&C

Eighth Avenue—Stock

900,000 J. & J

120

....

Fort Scott* Gulf, pref

lOI
1)0
148
80
80

[Quotations by H. L. Gbant, Broker, 145 Broadway.]

Bleecker St. & Fult. Ferry -St’k

•

.

200
120

64
110
90
170
Jan., ’82 160
Apr., *82 X2SG 235
105
Feb.r ’82 102
105
JOO
97
89
1*4 Apr., *82
1882
104
105
3
65
Sept.. ’81 ;0
95
3)4 Nov.,’8! 90
4
126
Nov., ’81 125
30
3k Jan., ’70 25
7
1897
107
105
0
1900 &e 75
85
3
75
Jan., ’82 *5
05
».k Feb.. ’82 55
0
1900
101
104
50
2k Jan., »82 50
6
205
Mar.. ’82 200
105
8
1888
no
90
95
7
3
7
5
8
3

.

..

STATS AND

Nov., ’31
2% Jan., ’82

•

•

....

110

188

Bid. Ask.

*

•

....

uo

3-

.

•

'

Brooklyn Gas Light Co

Citizens’Gas Co (Bklyn)
do
bonds
Hwlem

Amount. Period

•

•

C
Par.

•

....

(Mass.)
(New Hampshire)...
Fitchburg
Flint&Pere Marq

City Railroad Stocks and Bonds.

Date.

•

....

...

125
92

[Gaa Quotations Dy ueorge H. Prentiss, Broker, 17 Wall Street. 1
Gas Companies.

Aik.

.

•

Continental..

Bid.

8IOURITIKB.

..

150
120

100

Broadway..- - •••••
Butchers & Drov rs
Central

Ask.

...

Par.

Companies.

I

Bid.

31

Quotations m Boston, Philadelphia and Baltimore.

Insurance Stock List.
St,
Hank Stock List.

4

1890,Q.—M.

M.*S......( iso

123

120

121

6s,exempt,’93.M.&S.
Os, 1900, Q —J
68.1902, J.&J

i2B

do
5s, 19i6, new
130
Norfolk water, 8s
Par.
railroad stocks
6R4; 0354 Balt.* Ohio
North Pennsylvania
100 195 200
02H 62X,
co
1st Dr*f
Pennsylvania
15 ! 10
1225*
do
2d pref
Philadelphia* Erie
do
Wash. Branch.100
Jibila. Ge m.& Norristown..
754
'Tuna. Mwiowni N. Y......
Parkersb’g Br..50
do
29^ 30k Northern Central
Pnlladelphia & Reading
50 495s
Western Maryland
Philadelphia & Trenton
50
47
PhUa.Wllmlng. & Baltimore
Central Ohio, common. ...50
10
20
Pit sh. Cln. & St. Louis, com.
Pittsb u g & Connell iville ...
railroad bonds.
at. Paul & DuluthK.K. Com
do
do
pref. 180
Balt. & Ohio 6s, 1835,A.&O. .. 1C 5
187
United N. J. Companies
N. W. Va. 3d m.,guar.,’85,J*J
West Chester consol, pref....
Pttt8b.& Ccnnell8V.'is,’98,J&J 12094
WeBt .Jersey
Northern Central 6b, ’85, j&J 105>s
West Jersey* Atlantic
do
6b. 1900, A.AO.
do 6s, gld, 1900, .J.&J. 1155s ID*
CANAL STOCKS.
Cen.
Ohio
6b,
1st
m..’90.M.« S. 103 10956
40k
Lehigh Navigation
W.Md.es.lBt m.,gr.,’90,J.*J.
Pennsylvania
..
do
1st m., i890, J. * J...
Schuyiklll Navigation
do
do
2d m.,guar.. J.&J
pref... 135*1 14
100
do
2d m.,pref
RAILROAD BONDS.
do 2d m.,gr. by W.Co.J*J 112
Allegheny Vai..7 3-10s,189»... 122
do 6s. 3d m., euar., J.& J.
120
do
7s. E. ext..1910 115
Mar. & Cln. 7s. ’61, F. « A ...
51
do Inc. 78, end..c.’94. 49
do
2d, M. * N
122
BelvJdereDela. 1st m.,6s,i:*02.
do
Ss.Sd.J.AJ
2d m. 6s.’85.. 104 {....
Union
RR.
lst,
guar., J. & J..
do
3dm. 6s. ’37.. 105>4i ...
do
'
<’•
nton endorsed.
102
Camden aAmu] 103
41
415*
Consolidated Gas
do
63, coup., 39 107
Do
bonds.....— 10 34> 103
do
mort. 6e.’t>y.. ..'M454 ....
....

*

In default.

t Per share.

THE CHRONICLE.

432

Railroad Earnings.—The latest railroad earnings and the
totals from January 1 to latest date are given below. The
statement includes the gross earnings of all railroads from
which returns can be obtained. The columns under the head¬

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 on April 8.
Average amount of

ing “ Jan. 1 to latest date” furnish the gross earnings from Jan.
1 to, and including, the period mentioned in the second column:
Latest

Earnings lie ported.

[Vol. XX*IV.

Banks.

Capital.

Loans and

Marcli

08.8.85*

$

Ala.Gt.Southern
Bost.AN.Y.A.-L.
Buff. Pittsb.AW.
Bur.Ced.R.A No.
Cairo & St. Louis

....

1882.

1881.

1882.

February.-!

20,312

lO.SLTj

February..,

48,505,

40,023
44,S02|
11,275!

40,090!

1st wk Apr

1881.

$

$
02.409

!

$

190,192
43,305

184.554
40,255
79.855
485.012

101,589
7 18.050

88,524

4th wk M’lij
*7,722 i
25,843
35,0041
jCeut.Br.Un.Pac. lth wkM’h
Central Pacific. March
1,987,000; 1,709,037

209,158
5,528,409

....

184.389
Cbesap. Sc Ohio. February, .i 209,709
172,402! 152,537
Chicago Sc Alton 1th wkM’h
Chic. Bur. «fe Q.. February.. 1,457,300 1,031,821
Chic. & Last. III. 4th wk M’h
42,375
30,030
Chic.A Gr.Truuk Wk. Apr. 1
55,252
28,735
Chic. Mil.& St. P. 1st wk Apr
374,000j 302,904
382.859
342,183
Chic. & Nortliw. 1st wk Apr
Ch.St.P.Min.AO. 1 st wk Apr
85,3171
00,919
Cin. Ham.A Day February...
199,1851 174,440
208,000
191,005
Cin.Ind.St.L.&C. March
Cincinnati South March
199.507
187,402
Clev.Akrontfc Col! March
44,140
35,418
Col. Hock.V.& T. !4th wk M’h
58,130
39,547
Deny. & Rio Gr. 1 st wk Apr
125,711
104,008
Dee M. Sc Ft. I).. 3d wkMar
8,000
0,202
Det. Lan. & No.. February..
113,335
72,490
21,058
25,299
Dub. <fc Sioux C. 1st wk Apr
200,218
192,105
Eastern
February,.
35,551
30,927
Europ.«fcNo.Am. February..
Evansv. & T. H. March
04.828
57,927
Flint & P. Marq. 4th wk M’h
70.200
50,096i
Grand Trunk.... Wk.Apr. 1
219,787
228.424 i
90,340
111,738;
Gr^at Western.. Wk.Apr. 7
35,560
20,590
Gr.BayW.&St.P. March
HannibalA St Jo 4th wk M’h
50,080
51,441

420.10 I
1,097,793

3,110,134
412,498
4.747.000
5,171,700
407,501
613,544

....

304,212

Greenwich.
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch
Commerce

-

544.974

579,288
109,101

453,533
97,488

1,565,007

1,128.317

88,282
226,174
311,874

56,989
154,795

221,097

430,843
71,073

390,748
02,320

Do

(Iowa) Match

....

....

Ind.Bloom.<fc W. 1st wk Apr
Int. & Gt. North. 4th wk M’h
Iowa Central... March
K.C.Ft.S.&Gult March
K. C. Law. Sc So. February,.
L. Eric & West’n 4th wk M’h
1st wk Apr
Long Island
Louis v.A Nashv. 1st wk Apr
’Maine Central. February..

Menip. Sc Chari

Mil. L.Sh.&West
Minm& St. Louis

2d wk Feb.
1st wk Apr
3d wk Mar
4tli wk M’h
4th wk M’h
March

Mo. Kan. & Tex.
■Missouri Pacific.
Mobile & Ohio..
Naehv.Ch.&St.L February..
N. Y.&N. Engl’d! March
N. Y. Pa. & Ohio February..
•Norfolk & West. February..
Northern Cent.. February..
Northern Pacific 1st wk Apr
....

Oliid Central....

1st wk
Ohio Southern.. 1st wk

158.033

107,820;

4.59,718

54,074

47,5941
09,117!

032,488
039,789

51.208,
123,000

257,763
400,093

135,439

28.951
47,948
223,947

38,091
20,702
38,825
187,800

135,225
22,800
28,134
10.000

125,970
14,035
27,937
9,069

26,575
118,477
189.507

12,977
145,082
198,017

152,051
159,961

230,916
190,866

256,673
404,524

212.018
398,268

149,659
413,551
107.300

153.033
382,657

318,231

48,820
6,288

1,000,100
223,921
92,453
1,084,100
6,680,071
188,938
498,973
2,793,496
1,826,975
705,048
29,428
323,887

17,903

Apr
Apr

8,111

..

425,781
3,222,209
274,737

48,242
158,590
222,514
314,429

1,260,885
1,577,838
472,238

13,528

Philadelp.&Erie February..
246,246 225,501
Pliila.& Reading February.. 1,290,421 1,336,427
Do Coal & Ir. February..
878,584
803,626
Richm.& Danv.. 3 wks Mar 1189,399 tl71,845
St.Johnsb.&L.C. February..
15.854
11,635
St. L.Alt.&T.H. 1st wk Apr
20,017
30.732
Do
(brclis.) 1st wk Apr
13,570
13,679
St.L.Iron Mt.&S. 4th wk M’h
197,867
227,098
St.L.&San Fran. 1st wk Apr
56,757
61,570
St. P. Minn.& M. 1st wk Apr
135.300
86,700
Scioto Valley... 1st wkJApr
9,580
6,123
South Carolina. February..
126,773
130,719
Texas <& Pacific. 4th wk M’h
110,030
103,092
Tol. Del. «fc Burl. 4th wk M’h
23,543
12,451
Union Pacific... March
2,226,832 1,674,860
Vicks!). & Merid. February..
47,696
43,0121
Vick. Shr.<fc Pac. January...
12,088
12,166!
Ya. Midland
86,718
77,534
February..
West

Jersey

....

February..

Wisconsin Cent. March
*
:

,

i

....

Traffic cut off from Cairo

f Includes $2,674 back mail

>

01G,030
150,285
322,228
93,940

288,590
373,334

2,757,843
247,562
29,020
107.472

113,073
131,910
1,101,417
1.298,070
369,009
575,382
829,614
318,550
768,813
407,115
137,861

608,308
6,284.829
118,785
449,804
2,655,559
1,637,872
689,809
22,387

369,707
217,578

1,835,748

4,000.916

2,976,175

224,044

46,545

106,362

169,7551

104,371

459,115

of high water,

714,295
821,331

78,616
238,047
861,885
134,164
4,453,460
'92,516
12,088
95.094

278.259

t Freight earnings.

earnings collected in this period.

0. S. Sub-Treasury. —The following table shows the receipts

and payments at the Sub-Treasury in this city, as well as the
balances in the s«ime. tor each day of the past week
Balances.

Receipts.

Payments.

Coin.

8
$
1,03(5,336 99
April 8.
1,314,415 73
10.
1,120.117 47
2,>*,95,997 71
11
*2,317.292 9 4
3,035,44) 12
12 110,972.047 44 112.328,300 91
“
13! *2,262,127 52
3,909.305 44
“
“

.

“

14.

Total

JIG,955,316 02

17,219,203 00

34,663,148 38

40,702.662 91

Currency.

$

$

92,002,293
90,255,913
89,650,673
88.325,741

93

4,038,101 97

(59
55
54

4,003,601 96

8(5,627.606 (54
86,16(5,020 65

3,8 9 5,(503 93
3,864,232 47
3,915,239 45

4,112,938 40

VU

UOill

1

111 L

<

t' H

I Millet

lTLlIll.

following are quotations in gold for various coins:
$4 84
3 83

X X Reichmarks.
X Guilders

4 74
3 06

Span'll Doubloons. 15 60
Mex. Doubloons..!5 55

@$4 88

3
4
4
@15
@15
@
@
@

87
78
00

Silver 14s and %s.
Five francs
Mexican dollars..
Do uncommere’l.

85

English silver

65

.Fine silver bars
1 !4%@ 1*1434
Fine gold bars....
par@ *4 prem.
Dlnie* & *51 dimes. — 99 %@ par




..

Broadway
Mercantile
Pacific

Republic
Chatham

People’s
North America..
Hanover

Irving
Metropolitan

1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,0001
1,000,000
300,000!
200,000;
200,000
600,000
300,000

'800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
450,000
200,000
700,000
1,000,000

....

Nassau
Market

St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine

Importers’ & Tr..
Park
Wall St. Nation!
North River.
East lliver....
Fourth National.
Central Nat
3econd Nation!
.

Ninth National..
First National..
Third National.
N. Y. Nat. Exch..

Bowery National
N. YorkCounty..
Germ’n Americ’n
Chase National..
Fifth Avenue....

German Kxch.
Germania
U. S. Nat

..

....

Pru's. silv. thalers.
U. S.trade dollars
U. S. silver dollars

—

99% @

—

93

—

89%

—

88

4 74
—

—

68

par.
@ — 95
a>
@

—

90

—

89

@4 81
@

—

70

99*4®

—*

99%

99

par

1,006,200
2.975.600

18.300
318.600

176,300
252.200

1,009.300
3.609.500
13.093.) >0(-

222.900
703.500

46.300
107.200
668.000

400,000
1,500,000
2,000,000
•
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000
1,000,000
800,000
250,000
200,000
750,000
300,000
100,000
200,000
200,000
500,000

5.970.600

536,000
50.800
569.400

7.453.000
3,985.000
5.903.000
2.957,000
6.946.700

860*000

172.200

290,700

2.150.500

853.300
853.000
553.800
156.700
221,000

126,100
232.200
107.200
74.800
146,000
8-2,100
222.800
175,Oor
218.400
61.300
86.200
61.700
104.900
146,000
115.200
384.600
153.000

1,055,700
512.700

2.548,000

159.100'
421.900
70.800
149.600
115.600
607,800
981.000
340.000

5.740.90C 1,082,800
13,572.000 3.581,400
676,000
5.182.600
182,000
1.470.600
168.000
1,808.200.
31.400
1,635, lOt’
49,200
2,660,800
4,6(59.400 1,233.100
2.015,600
406.300
57,100
1.525.600
43.9U0
1.471.200

792,206

1.242,000
14.167,800
3.224.700
2.354.800

731,700
789.100

1.445.900

250,800

1,035,000

172,000
2,600
477,000
29,500
45,000

1,"23,800
2.252.300
1.022.000

3.310.500
9.563.000
9.362.100
4.094,700

954.5 0
900.000
300.000

5.601.600
2.293.600

2.910.900
8.352.200
1.551.200
2.260,*00
7.282.700
2,992.000
9.866,000

U25.000
45,000
5,400
787.000

.

440,000
2.250,000

2.094,600

270.000

2.564.600

3,900

2.265.400
1,804. lot

443.900

2.964.000

450,000
4,600

45 i.OOO

3.000.600
6,070,200

763,200

1.812.800
3,576.000

45,000
1,118,400
45,000

20,307.200

8,20u
115,000
387.000
96,100
227.000
.491.600
307.7 .0

19,017.300
1.471.200
1.154.400
861,800

218,300

4,075.000

801.200
1.287.00
225,000

5.723.500

583,400

16.781.900

7.931,000'

4i

14.580.000
4.981.600
1.149,800

435.0)0
269.900
222.000

1.557,000
1.984.100

180,000

2.224.700
5.149.200

94.800
137,000

91,800

2.144.100

130.400
143.900
40.300

933,000

3,825,60l>

1.100

267,000

1.396.200

420.7 O'J

897.000
830.900
411.800
2.160.700
360.500
647,000
3,189,001
337.100
4.285.700
5,654.000 1.705,000
23,700
1.953.600
3.233,000
666,000
18.863,600 5.373.700
16,458.700! 3.949,4 00
815,000
1,501,000
31.900
1.094,100
102.400
1.052.600
17.459.10C 8,612,800
8.426.000
928.000
697."00
3.518.000

800,000

837 100

45.000

1.945.00C
2,8 >3.900
2.905.500

500,000

495,000

887.600

3.217.200
13,131.000

1,000,000
1,000,01)0

9,255.000
5.874,000

1,048,500

1.375,5)0(1
2.399 HuC
7.586.300

$

340.000
234, U00

3,046.800

8,340.('00

tion.

*

1.677.000
2.811.800

5.430.20C

3,000.000
600,000
1,000,000
500,000
500,000

1.648.400
1.612.100
8,825,600

449,400

To be increased to SI,000.030.

The deviations from

Inc.

Specie

.Dec.

Legal tenders

The

of previous week are as follows:
| Net deposits
Inc. $1,623,000
280,500 Circulation
Inc.
122,200
784,300 1

returns

Inc. $1,581,600

Loans and discounts

following

are

Loans.

the totals for

25....311,219,400

a

series of weeks past:

L. Tenders.
S

Specie.

1882
$
Mar. 18.... 312,310,500
“

329,000
74.U00
111.500
273,000
274.400
114.000
47.900
103.000

Cfrcwlg.

61.162,700 314,405.800 57,654,200 14.743.800 286,345,400 20.076.900

Total

Apl.

$
0.‘*22.000 1.980.000
7.216.000 4, i22,000
7.185.100
640.00C
8,406.000 1,339.000
4,651.90') 1.143.300
8.482.900 1,238,500
3,238.000
771,000
6.872.000 2.110.300
2.77(5.400
270.500
221.100
l,7o7.30it
14,009.300 3.547,000
545.100
4.094, 00
4.404.600
475.800
1.152.200
3U0.800
1.003.000
174.000

15,243.200
5.518.300

500.000

Citizens’

*

2,000,000
2,050,000
2,000,000
2,000,000

Circulation. Agg. Clear.

Deposits.

10.347.800 237.i00.800 20,075,500 991,410,251
16,150.900 285.059,600 20,090,500 985,587,486
15,52-1,100 284.723.400 19,954.700 994,723.774
57,051,200 14.713.800 280.345.400 20,076,900 806,3; 9,091

58.580.700
58,002,100

1....312,824.200 57.373.700
8....314,405,800

Boston Banks.—The

banks for
1881.
Mar. 20..
27..

a

following

are

Loans.
S

L. Tenders.

Sjwcie.

Deposits.* Circulation. Agg. Clear

t

148,983,800
147,663,700

5.757.200

5,633,900
5,850,700

«

*

S

3.747,000
4,051,000
148.515,500
3,986.300
3..
Apl.
*
10.. 148,491,000
3,017.200
5.278.200
•
Including the item “ due to other banks.”
-

the totals of the Boston

series of weeks past:
69,042,232

31,198.000
31,150,000
31,255.500
31,209,100

87.509.300
87.203.300
87,333.000

87.553.300

06,058,741

65,408.254
66,030.307

Philadelphia Banks.-The totals of the Philadelphia banks
are as

follows:

Agg. Clear

Loans.
S

L. Tenders.
$

Deposits.
*

*

I

Mar. 20
“
27

73.938,590

55,298.735

73,923,148

04,380,103
64,819,293
50.700,903

11,022,610
10,617,755

Apl.
K

17.821,338
18.550.496
17.807,272
17,4? 7,375

55,406,993

10,032.896

1881.

3

10

73,492.943

74,733,368

Unlisted Securities.-—The

following

Circulation.

Bid. Asked.
Am. Cable Constr. Co
23
315
Am. Railway Imp. Co. *
Atl.& P.jlks.,20 p.c.pdlOO
105
Boat. H. <fe E.. newat’k
1%
1%
Do
old
1
1%
Buff.N.Y.&Phila. subs
;
Cal. Pacific stock
67«
9“
Cliic. & Can. So. stock.
2
8
Do
bonds. 27
Continental Constr.Co. 45
05
Central Railway Constr*r;t’n Co.iD. LAV.) 104% 105%
Dei: Sc R. G. AV. sub.ex. 87 %
92%
Do stock
19
25
Do bonds
74
74%
Den.& R.G. unl’d cods. 101 % 102
Denv. & N. Orleans
05
Edison Electric L. Co.455
500
Hud.Riv. Contract Co. 95
95
.

52%

Ind.B. & W.'.Eas. D.lst
Iud. Dec. Sc Sp. com...
6%
Do
n. is..6s',fund.xl01
Mid.RR. of N.J. stock. 3 5
Do
A bonds
20
Do
B bonds
0
Mex. Nat. bonds
x44%
Do
stock
9
Mo.Kan.ifcTex. g.mort. 77
Mutual Un’u Tel. bds. 73
Do
stock.. 19
Do
scrip stk
National Express
100
N.Y. & Scranton Cons. x
N. Y. Ch. & St. L. pref. 30
....

(52%
90
9

52.141.590
45.815.75?

10.005.680

are

Street:

Internat. Imp. Co
VyWUi

i $10,000,000 was transferred from one account on' the books to
another.
’
t $15,000,0C0 in receipts and payments due to a transfer of accounts
on the books.

Coins.—The
Sovereigns
Napoleons

.

672.029

1,602,505
833,154
1,480,123
117,649
252,240
899,340
215,852
5,947,783
90,322
12,166

320,4081
52,915

on account

590,05

207,051

....

Apr|

308,474

820,919

..

Wab.St.L.& Pac. 1st wk

1,405,095

316,955
686,088
813,582

6,340
313,350

23.952

453,031
27,780

320,056

OregonR.&N.Co'March
410,000
Pennsylvania
February.. 3,306,750 3,095,614

Peoria Dec.&E v.14th wk M’h

.414,850

2,001,162
1,387,521
09,884

537,338
79,292
89,097
140,000
00,931

Mar.Hough.& O. February..

525,146

2,530,68 l
1,281,725
87,049
449,110

12,180;
51,791
449,9031 1,053,213

18,215

....

City
Tradesmen’s
Fulton
Chemical
Mereh’nts’ Kxch.
Gallatin Nation’!
Butchers’A D"ov.
Mechanics’ ,£ Tr.

2,893,457
3.724,850
728,947
367,100

1,152,014
*

New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Piuenix.

100,324
192,793
4.700,7 62
310,929
1,503,353
2,312,769

....

Houe.E.&W.Tex March
Illinois Cen.(Ill.) March

Tenders.

Jan. 1 to Latest Date

Hoads.
Week or Mo

Net depfs
other
than U. S.

Legal

Specie.

discounts.

52,9)0,531

quoted at 38 New
Bid. Aslud.
13%
83%
97%

N. Y. Ch. & St. L. com.. 13%
Do 1st. ex J’e,’82,ep 83%
North River Const. Co. 95
N. J. Southern
1%

Oregon Imp. Co.lstex. 86
(55

68

Oreg. Sh.L.subs.40 p.c.113
Do
1st mortg. bds. 104
Do subs. $10,000
bl’ks ex-bds.. 100

114

Do

stock

Do stock
23
Ohio Cent. Riv.D. lsts.
Do
River incomes. 15
Pens. <fc Atlantic stock. 36
Do
bds..
Pullman’s P.Carrghts.
Rie.tfcAl.&O.Cen. subs.
GO per cent paid — 84
Rich. Sc Dan. ex subs..
Do deb. subs.,450.
Do G per cent deb
Selma Rome Sc D.stock.
3
Do
2d M. stamp.
%
Do
incomes
St. Jo. & Pacific 2d M. 25
St. Jo. & West, stock.. 11%
.

30”
12

6%
47
11%
82
74
90

100
30

1%
87

Tex.St.L.RR.sb.,40 pd. 85%
Tex. &Col. Imp.,30 pd
U. S. Electric Light Co.

Vieksb. Mer’n eom.st’k
Do
Do
Do

'

Premium .3

lsts
2ds

3ds

104%

32

66
22
41

90

88

109%
%

3%
1
60 !

25
90

87
9%

10^

APIUL

THE

15, 1862.1

CHRONICLE.
has been derived in the

earnings from these extensions, work
late in"the year.” * * *
“The Humeston & Shenandoah Railroad Company has leased
its road in perpetuity to the Chicago Burlington & Quincy and
Wabash companies, as tenants in common. By this arrange¬
ment, the Wabash Company secures a connection through, and

imrest merits

upon

iND

VTATE, CITY AND CORPORATION FINANCES.
The Investors’ Supplement contains a complete exhibit of the
funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It U published on the last
Saturday of every other month—viz:, February, April, June,
August, October and December, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.

ANNUAL

REPORTS.

Chicago Burlington & ({uincy.
{For the year ending December 31,1881.)
The animal report gives

the following

of financial

summary

condition of the entire property of the company on December

31,1881:
Permanent investment in construction
$117,527,013
Materials on hand
1,205,189
Amount licltl for acc ount of sinking iiimls in other than our
own canceled securities
4,912,352
Cost of investment in Kansas City St. Joseph <fe Council
Bluffs, Humestou & Shenandoah, St. Joseph & Des
Moines, and other branch road securities, held for the
better protection of leases, Ac
•
Sundry investments, and bills and accounts receivable,
over and above bills and accounts payable, aud suspended

10,581,938
26,571

debts

$134,343,065

Against which stand:
$55,337,446

Capital stock

(including those of branch
roads) outstanding
59,122,725—$114,460,171

Bonds of all issues

Showing cost of property in excess of stock, bonds, and all
other liabil ties

$19,882,894

surplus of the company on December 31,1881, amounting
$19,882,894, was represented thus :

This
to

In bonds for account of sinking funds
In construction C. B. cV Q. RR. and branches; B. & M. R.
RR. (Iowa) and branches; B. & M. R. ER. in Nebraska

and branches, and St. Louis Rock Island &
In material and supplies on hand
In

sundry investments

Balance in current book accounts considered

Chicago RR...
good

$8,186,506
3,373,452
1,295,189
5,527,060
1,500,686

$19,882,894

In Illinois and Iowa during the year 75% miles of single main
track have been laid with steel rails in place of iron, and 19
miles of steel rails have been laid in new second track, and 25%
miles in new side tracks.
The total number of miles of steel
rails in all tracks east of the Missouri River on December 31,

1881,

was

1,160.

This includes the whole main line in Illinois

and Iowa.
NEW BRANCHES.

branch roads have been built in Illinois, Iowa
Missouri, in whole or in part, as follows :

During the
and

year

1st. The Leon Mt. Ayr & Southwestern Railroad was extended from
Bethany to Albany, Missouri, 17 hi miles.
2d. The Clarinda College Springs & Southwestern Railroad, from

GlariuJa to the Missouri Slate line, 16 miles.

Valley Railroad have been built

as follows :
1st. From Hubbell east to Endicott, 23-6 miles.
2d. From Beatrice southwest to Wymote, 12*3 miles.
3d. From Wymore west to Endicott, 27’1 miles.
4th. From Nemaha west to Calvert, .9*6 miles.
5th. From Indianola west to Culbertson, 22d» miles.
6th. Fr<un Table Rock west to Wymore, 38'2 miles.
7tli. There was under construction December 31, 1881, the Denver
extension, from Culberison to Denver, 246 miles, of which 77 miles
were completed on that date, but not opened for business. It is expected
that the line will be opened to Denver by September 1, 1882.
8th. There was under consruettion on December 31, 1881. a part of
the eastern division of the Republican Valley Railroad, from Tecumseh
to Calvert, 22 miles.

“The average length of road operated in 1SS0 was 2,653 miles;
while in 1881 the average length was 2,822 miles. It will be

observed that, notwithstanding the increased mileage in 1881,

the net earnings

have decreased $429,917. The gross earnings,
however, show an increase of $832,103, and the increase of
expenses has been $1,262,020. Of this, about $400,000 may be

said to be due to the increase of business, leaving about
$850,000 of extraordinary increase in the cost of operation and
maintenance for the year, or about $305 per mile of road
operated. This is due to increased prices of labor and material,
and also largely to the snow blockade of February and March,
1881, and to the extraordinary floods in the Mississippi and
Missouri Rivers in both the spring and autumn.” * * *
‘‘Land sales have-not been so large as in previous years,

partly owing to the diminishing quantity of land which we have
had to offer.
Payments on account of land sold have been as
we

had

to

expect.
“It became apparent
in the latter part of the summer that
the interests of the
company would be promoted by an exten¬
sion of its line to the base of the
Rocky Mountains, at Denver,
and an addition to the
Republican Valley system, in the eastern
re ason

TjJft
of the State of Nebraska.
objects into execution
was

special meeting, held




on

which

the local

was

begun

A plan for carrying these
approved by the stockholders at a
September 28. Little or no benefit

so

business of the Humeston

& Shenandoah Road is

equally divided between the two lessee companies. The con¬
progressing, and it is expected to be
open for business by the 1st of July, 1882.
Allusion was made in the last report to negotiations, then
pending, for the control by this company of certain lines of road
connecting with our own. Among these was the Burlington
& Southwestern, the lease or purchase of which was authorized
at
the
stockholders’
meeting of September 23
This
road was built some years ago, from a point on our
Keokuk line, about twenty-five miles south of Burling¬
ton, to Laclede, on the line of the Hannibal & St. Joseph
Railroad, 109 miles west of the Mississippi River, at Quincy.
In 1880, the parties controlling this property had perfected
arrangements for reorganization under the name of the Chicago
Burlington & Kansas City Railroad Company, and to extend
it about 100 miles to Kansas City
; while, at the same time the
Hannibal & St. Joseph Railroad Company was engaged in pro¬
moting the construction of a, new railroad from Qujncy to
Chicago. With the object of stopping for the present the con¬
struction of both these lines, and of strengthening our own
position relative to Kansas City and the Southwest, it seemed
to your directors desirable to get control of this Burlington &
Southwestern Railroad.
This has cow been practically
effected upon satisfactory terms, although no formal transfer
has yet taken place.
“Arrangements have also been perfected during the year for
the control by this company of the St. Joseph & Des* Moines
Railroad, a narrow-gauge railroad fifty miles in length, ex¬
tending from St. Joseph, Mo., to Albany, in the same State,
where connection is made with our Leon Mount Ayr and South¬
western branch.
Ultimately the gauge of the St. Joseph &
Des Moines Road will be changed, giving us a new through line
to St. Joseph.
We have also to report an agreement for the lease to this
company, subject to the approval of ourst' ckholders, of the St.
Louis Keokuk & Northwestern Road, extending from Mount
Pleasant, Iowa, on the north, through Keokuk Hannibal &
Louisiana, on the Mississippi River, to Dardenne, where it joins
the Wabash Railway, about 30 miles from St. Louis, using the
Wabash track thence into the city. We have bought most of
struction of this road is
“

“

the securities of this company.
“The three last-named roaas and the Kansas City St. Joseph &,
Council Bluffs Road continue for the present to be operated as

separate organizations, and their earnings, expenses and mileage
are not included in this report.
The results of their opera'ion
would not materially affect the figures given herein.”
The report of the Land Commissioner shows that the net
result of sales in Iowa was 23,084 acres for $279,902, and in
Nebraska, 96,467 acies, for $440,856.
The comparative statement below, compiled for the ChroN-'
icle, presents a very complete exhibit o: this company’s opera-,
tions and condition in the past four years;
HOAD AND

Grading partly done; will

probably be completed May 1, 1882.
2d. The Joliet Rockford cVi Northern Railroad, from Sheridan to Paw
Paw, Illinois, 24 miles. Grading partly done; will probab y be com¬
pleted July 1,1882.
In Nebraska, during the year, extensions of the Republican

large as

133

Miles owned and leased,
Miles operated jointly..
Total

operated

Locomotives
Pass.. mail & exp. cars.

Freight

cars
All other cars

1878.
1.604
105

EQUIPMENT.
1879.

.

.

1880.

1881.

1,760

2,675

2,826

97

97

98

1,709

1,857

2,772

2,924

341
201

374
210

441
273

9,119
1,011

10,827
1,044

14,731
1,500

484
297
16.903

1,649

FISCAL RESULTS.

1878.
$
2,439.180

Earnings—

1881.

10,054,197
903,641

earnings. 14,119,665 14,817,105

20,492,047

21,324,150

$
Operating expenses—
Mainten’ce of way, Ac. 2.122,388
Maintea’ce of ecjuipm’t. 1,348,534
Transportat’n expenses 3,975.698
Miscellaneous
86,515

•$
1,752,278
1,488,008
3,927,649
60,227
7 228,222

earnings
op’g exp. to c’n’gs

$
2,528.019
1,632.416

$
584.075

5,144,338

1,841,937
8,003,369

58,131

144,976

6,586,530

7,588,883

9,362,904
11,129,143

10,574,357
10,749,793

53-35

48-74

45-69

49-58

Total
P.c. of

•$
3,534.209

$
3,616,086
16,595,819
1,112,245

Freight
Mail, express, Ac

Net

1880.

$

2,566,0.>2
11,152.179 11.650,623
528,306
599,831

Passenger

Total gross

1879.

INCOME ACCOUNT.

1878.
Net earnings
Net B. & M. land grant
Total income
Disbursements—
Rentals paid
Interest on debt.....L-.
Taxes...-

$
6,586,530

7,588,SS3

7,5S8,8S3

$
155,695
2,155,972

$

*603,437

2,212,827
sinking fund.
223,313

Accounts written off
Transf’d to renewal f’nd

1880.

$

6,586,530

Dividends)
Carried to

1879.
_

1881.

$
11,129.1 13
899,315

$
10,749,793

12,028,45b
$

11,920,230
$
310,668
3,430,454

203,006

1,170,437

179,093
2,110,938

3,282,718

328,844
3,081,985
230,493

4,360,064
563,385

492,154
4,349,286
687,246

441,500

423,085

1,000,000

1,000,000

1,250,000

1,000,000

Total disbursements.... 6,351.244

7,354,438

10,106,763

10,269,808

235,286

234,415

1,921,695

1,650,422

Balance, surplus
*

Including $264,456 Lu taxes of 1873 and 1875.

t In.1878, 8 per cent; in 1879, 8; in 1880,

9]4; in 1881, 8.

.

GENERAL BALANCE AT CLOSE OF

1878.

1879.

EACH FISCAL TEAR.
1881.
1880.

Railroad, build’ga, &o.54,840,462 58,112,329

10,305,749 11,131,683

Equipment

Stocks owned, cost
Bill & accts. receivable 1,806.796
Materials, fuel, &c
524,796
Cash on hand
172,491
Trustees
I’d gr. 1,348,559
Trustees C.B.& Q. s.f’d 1,067,889

1,304,710

753,589

529,661
1,695,842

1,273,415

70,066,742 74,801,229
$
$

Liabilities—

Stock, common
Btoek, B. «fc M
Stock, Republican Vnl

27,822,610 30,883,600
134,206
120,850

27,270,225
29,000
Sinking funds
2,651,825 2,963,086
Contingent liabilities. 3,819.000 3,233,000
Band grant sink, fund 1,749,229 2,164 015

B’nds (see.Suri,LEM’T).27,053,725
Bills payable
81,205

Income account

Renewal fund
Miscellaneous
Profit and loss

4,181,818
1,000,000
1,462,285

4,416,263
2.000,000
1,644,582

105,839

76,602

70,066,742 74,801,229

Total

2,641,433
1,295,190
1,781,127

3,520,158

2,074,740
1,605,278
2,223,110
1,284,007
560,207

2,440,237
1,631,407
840,708

125,404,356 138,739,054
$
$
52,773,940 55,263.790
74,256
73,657
1,565,000
44,093,925 51,927,725

Interest Chicago
Interest loans

4,766,661

10,324,800
2.790,370
1119,419
3,250,000
2.604,701
3,738,207

7.195,000

The above

10.144

& Grand Trunk

sum

1880.

£13,032
10,121
10,050

18.145

:

r.

..

£339.682

£107.722

•

67G7--

73 52

of £18,145 received for interest on capital tem¬

porarily employed includes interest on debts owing to the com¬
pany, and on temporary advances on account of subsidiary
lines. In the corresponding half-year a sum of £10,056 was
received, and deducted from the charge for the interest on de¬
benture stock, as it had principally
use of the funds raised by an issue
The passengers

arisen from the temporary

of that stock.

and freight carried were as follows
1881.

Tens freight carried
Average receipt per passenger
Average receipt per ton

3,419,844
1,769,837
4,250,000
*5,381,174
4,691,366

Interest

on

t This account was reduced by the issue of $6,218,539 of stock.
♦
Includes subscription under circular of Sept. 15, 1881, $1,973,750;

unpaid accounts and vouchers, $1,513,250; unpaid rentals and pay-rolls,
$606,999, local aid and voluntary contributions, $1,244,311, &c., Ac.

68
115(1.

:

£339,632

£99,362
25,001

etc

equipment bonds

84,415—

Rents

125,404,356 138,739.054

1880.

1,185.084
1,629,035

61 d.
89%d.

The income account was as follows
Net receipts, as above
Interest on perpetual debentures,

:

1,428,647
" 1,84 9.81 9

Passengers carried

Bluffs and other securities, held to protect leases,

Kan. C. St. Jo. & C.

1881.
£14.467

Total
Per cent of expenses

llG.OOO

3,953,735

[Vol. XXXIV.

Interest International Bridge—

1109,596,188
117,527,014
4,540,668 *10,581,938

NVEng.Tr.Co., trustees
Total

$

$

$

$

Assets—

*

CHRONICLE.

THE

434

208.778

£130,904

Surplus

8,123

Balance, July 1
Total
Dividends. 2^ per cent on first and second preference

£139,027

stock,
138.529

paid April 8
Balance January 1

£498

:

Allegheny Talley. The net revenue charges, less interest on investments shown
(For the year ending December 31,1881.)
above, were £166,022, against £185,277—a decrease of £19,255.
The annual report of President John Scott makes a compara¬
The report says: “ The decrease in the gross receipts has been
tively good showing for last year. There has been a net caused by the continuance during the half-year of serious com¬
increase in the bonded debt during 1881 of $500,700. Besides petition among the trunk lines in the United States. The fares
the deficit in the payment of interest charges, there was an for through passengers were also very much reduced, though
instalment of $100,000 principal’of the second mortgage lowdie greater number carried, namely, 243,558, increased the

grade division bonds held by the State of Pennsylvania that receipts from that traffic by £46,632. On the other hand, the
provided for, and a construction account of $38,092— merchandise traffic, with an increase of ’220,774 tons, showed a
a total of $921,288.
This little sum was provided for by the decrease of £90,415. The working expenses were increased by
payment of $393,000 in income bonds to tire contributing com¬ —(1) the additional work performed in the carriage of a greater
panies under the contract of October 2, 1874, and the same number of passengers and tons of freight; (2) the maintenance
securities wTere issued to individuals in payment of interest on and working of 144/6 miles of additional railway in excess of
bonds, makiug a total payment of $551,700, and leaving a bal¬ rhe corresponding period of 1880, and (3) an increase in the
ance yet to be provided for of $372,588.
This is accounted for orice of commodities and the rate of wages. The proportion
by the increase in liabilities, especially the coupons of the low- wrhich the working expenses bear to the gross receipts has been
grade first-mortgage bonds held by the Pennsylvania Railroad increased principally by the great reduction in the half-year in
under its guarantee. The Pennsylvania, the Northern Central 5he rates obtained by way of remuneration for the work done;
and the Philadelphia & Erie railroads contributed, under the and it must be remembered that the revenue account includes
contract of October 2, 1874, a total of $66,274 during the year, the net amounts only received on account cf the 144/6 miles of
being $16,091 more than for 1880. But the amount is insuffi¬ additional railway above referred to, after deducting from the
cient by $149,657 to pay the interest on income bonds held by gross receipts the amount required to meet the traffic agree¬
individuals, which are payable in cash from such contributions. ments with those railways.
The amount charged against
1880.
1881. capital account during the half-year was £1,880,661.
The
Total miles operated
259
259
principal
item,
the
£1,781,121,
represents
discount
and
expenses
AND
EARNINGS
EXPENSES.
on The issue of £2,407,867 of ordinary stock, at 26 per cent, less
$
$
4S2.060 the premiums received on the sale of debenture stock during
rassenger
• 440,430
Freight..
1,419814
1,626,892 the half-year.
There has been expended £39,652 on new rolling

had to be

.

Total gross

earnings
Operating expenses, including taxes
Net

60,835

59,285

Mail, express, <fce
.

earnings

1,919,529

1,0S7,220

2,169,787
1,265,114

832,303

904,673

1880.
$

1881.
$

INCOME ACCOUNT.

Not earnings
Disburse.men ts—
Interest oil debt
Paid on low-grade

.

904,673

1,651,835
25,8 46

1,690,860
100,000
38,092

1,677,681
815,378

1,828,961
924,288

bonds

Construction...
Total disbursements

Balance, deficit*
*

832,303

In 1880 income bonds and

scrip to the amount of $505,519 were
Issued to meet the deficit, leaving the balance of deficit for that year
$339,861; in 1881, $551,700 of bonds were issued, leaving the balance
of deficit in that year $372,588. The total to debit of profit and loss
Dec. 31, 1*81, was

$6,151,942.

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

Assets—

Railroad, buildings, equipment, &e
Available asset*
Unavailable assets
Debit of profit and loss
Total

1880.

18S1.

$
24,011,447
350,719

$ ■
21,049,540

5,370,851
30,203,356
$
2,166,500

Liabilities—

Stock, common
Funded debt prior to incomes (see Supplement) 17,000,000
Income bonds
<Guaranteed coupons
Interest accrued

495,109
450467

30,203,356

31,102,133

7,571,000

Total liabilities

31,102,138
$'
2,166.500
16.900,01)0
8,171,700
2,920,200
488,564
455,114

held by Pennsylvania RR. 2,520,280

Miscellaneous

411,220
489,436
6,151,942

470.339

Grand Trunk (of Canada.)

{For the half-year ending December 31,1881.)
is

This company issues a semi-annual report, and the
following
an abstract of that
recently published for the six months

ending December 31, 1881.
The earnings, etc., for the half-year
~

a

Expenses
Net earnings




were as

follows

1981.
824,306

£296,926

stock and £66,500 on new works,

including £35,000

sidings and double tracks.”

on new

«

GENERAL INVESTMENT NEWS.

heard April 8, in
upon the
injunction asked for by E. C. Knight and others to restrain this
company from increasing its capital stock. The court denied
the application, and said that the Court in Chancery of the
Central of New Jersey.—Argument was

the United States Circuit Court at

Philadelphia,

Jersey had already issued a permanent injunction
restraining the directors from any further issue of stock with¬
out the consent of the Chancellor.
In the opinion of both

State of New

judges the stook could not legally be issued under the act of
the Legislature, but as the officers of the Jersey Central Com¬
pany made affidavit that they would not issue the stock, the
Court held that there was no* such immediate danger of this
issue as made a continuance of the injunction necessary. The
application of Mr. Knight was left open, however, to be con¬
sidered at any time that peril might arise.
Receiver Little said that the new stock was not likely to be
issued. He said also that his report was all ready and would be
submitted to the Chancellor before being filed. The report
would not be extensive, giving merely the valuation of the
property, amount of assets and liabilities, and a brief mention of
the condition of branch lines. E. C. Knight and other members
of the Gowen party applied to the Chancellor for an election
of directors on May 5, the regular day for the annual meeting,
The press dispatch says the Chancellor has granted an order per¬
mitting the directors of the Central Railroad of New Jersey to
take the necessary steps for an election of directors by the stock¬
holders of the company. The application was not contested by
the counsel for the railroad, but the order was made by a mu¬
tual agreement between counsel.
The following circular has been issued to the stockholders
“To the Stockholders of the Central Railroad Company of
New Jersey:
In view of the approaching annual ejection of the company,
which should take place, according to the charter, on the ota
of M^y, we, the undersigned, representing large
the srock of the company, desire to call your attention to
“

interests ia

:

1880.
783,894
£374,513

of electing such a board of directors as
the independence of the company as an
.highway for all the traffic which may be thrown upon it.
necessity

preserve

ope
11

April 15,

THE CHRONICLE.

1882 ]

believed that efforts have been made to secure a management
which would interfere with the friendly relations now existing
■between the company and the Philadelphia & Reading Railroad
Company and the Baltimore & Ohio Railroad Company, which
of all corporations are likely in the future to throw the great¬
est traffic upon the lines of the Central Railroad of New Jersey.
The Philadelphia & Reading Railroad connects with the Central
Railroad of New Jersey at four several points, and the former
■company is not the owner of any rival lines whatever, whereas
almost all of the other companies which have been spoken of
as likely to be identified with the management of the Central
Railroad Company of New Jersey are owners of rival or opposi¬
tion lines. The gross earnings derived in cash by the Central
Railroad Company of New Jersey from the interchange of local
business with the Philadelphia & Reading Railroad Company
last year amounted to $1,133,000, a very large proportion of
which was profit”
*
*
*
*
Hr. H. S. Little, the present receiver of the company, has
by letter under date of March 31, consented to act as president
of the company, and we advocate the retention as vice-presi¬
dent of Colonel John Kean, who has been so long connected
with the corporation. To make up the remaining seven direct¬
ors, four will be named who may be considered as representing
those friendly to the interchange of traffic with the companies
above referred to, and we have suggested that the remaining
three shall be selected by Mr. Little and Mr. Kean after consul¬
tation with the other large shareholders of the company.
Shareholders who are in favor of maintaining the independence
of the company as a separate organization, working in har¬
mony with the interests above referred to, and at all times open to
receive traffic from all sources, will kindly sign the proxy here¬
with sent and remit it in the enclosed stamped envelope to Mr.
Knight. The fact that another proxy may heretofore have
been signed will not interfere with the validity of the enclosed,
which upon execution revokes any prior proxy.
“Edward Clark, George R. McKenzie,"Edward C. Knight, A.
G. Richey, Sidney Shepard, Robert Garrett, John Kean,
Jr., F. A. Comly, Franklin B. Gowen, William F. Proctor,
“

W. H. Stevenson, James R. Keene.
April 4, 1882.”

“

Cleveland Columbus Cincinnati &

435

scribe for that amount, each subscriber under said circular
being
entitled to subscribe for the same number of blocks which he now holds
under circular No. 1. After payment of the first ten
per cent, no fur¬
ther c alls will he made until the subscription under circular No. 2 Is
exhausted, which will probably bo about Sept. 1, 1882.
[PROPOSAL. 1
For $4,750 in cash, payable 10 per cent iu ten
days from date of
acceptance, and the balance as the same may l>c called, but not more
than fifteen (15) per cent iu any one month, the company will deliver to
the subscribers forty shares of the capital stock at its
par valuo of $100
per share, $5,000 in its thirty-year 7 per cent first mortgage bonds, and
$1,000 in ibs income bonds. To enable the company to negotiate its
securities in Europe and Mexico, the right is reserved until Oct.
15,
1882, to take from the subscribers ratably any part or tho whole of the
first mortgage bonds, and also stock to an amount equal to
fifty per
cent of the bonds so taken; and, in such ease, the subscribers will bo
repaid the money paid by them with interest at 5 per cent, and shall
receive $1,000 in income bonds and $1,500 in stock for each block of
subscription so withdrawn. Ail subscriptions must be made in sums of
$4,750, or multiples thereof, and must be received at this office on or
before (date not yet fixed )
Any amount remaining uutakeu will be
disposed of as the directors may think for the interest of the company.
Thom vs Nickerson, President.

New York Stock Exchange.—The governors of the Stock
Exchange have admitted to dealings at the Board the following

securities :
New York Lake Erie & Western Railroad, Company.—
Prior lien bonds, $2,500,000, bearing interest at 6 per cent and
due December 1, 1908. The bonds in order of
priority come
between the first consolidated 7s and the second consolidated 6s
of the company.

Richmond & Danville Railroad Company.— Debenture 6
cent accumulative bonds, secured by mortgage, and due

per

April, 1927, $4,000,000.
Long Island Railroad Company.—First consolidated mort¬
gage 5 per cent bonds, due July 1, 1931, $5,000,000.
Oregon Short-Line Railroad Company.—First mortgage 6
per cent bonds, due February, 1922, issued upon sixty-eight
miles of completed road, $2,500,000.
Wabash St. Louis & Pacific Railroad Company.—The
remainder of

the authorized amount of

general mortgage

bonds, $2,000,000.
Ohio & Mississippi.—At the meeting of stockholders at
Flora, Ill., April 8, 192,620 shares of stock were represented by

and were voted, out of a total of 240,30). Two-thirds of
the total stock were required to ratify the resolution of the
directors at the Cincinnati meeting, last October, to create a
new first
mortgage of $16,000,000 5 per cent bonds,
proxy

Indianapolis.—At the

annual meeting of this railway William H. Vanderbilt, C. Van¬
derbilt, Augustus Schell and James IL Rutter of New York,
and Amos Townsend, were elected directors in place of H. J.

fifty

having

The action of the directors was unani¬
ratified. Three millions of the sixteen millions will be
extinguish over-due debts, and the other thirteen mil¬

years

to

run.

Jewett, H. B Hurlbut, James R. Keene, Walton Ferguson and mously
Amos Townsend, whose terms have expired.
The board of used to
directors organized by re-electing last year’s officers,
namely : lions will be used to take up the present bonds as they fall due.
Gen. J. H. Devereaux, President, and*E. B. Thomas, General A resolution was passed to leave the road in the hands of the
receiver till the annual meeting next October.
Manager.
Connotton Valley.—The Boston Transcript says : “ Out
Richmond & Danville.—A statement of the financial con¬
of $4,700,000 of Connotton Valley Railroad
dition
of the Richmond & Danville Rai road, based upon the
Company bonds
and Connotton Valley &
Straitsville Railroad Company last annual report and the operations of the first quarter of
bonds, more than $2,700,000 have been subscribed to the reor¬ the current fiscal year, is as follows : The bonded indebtedness
ganization plans. Of this number, however, $1,292,000 repre¬ of the company at date of last report, September 30, 1881, was
sents Connotton Valley bonds, $948,000 Straitsville
bonds, and stated at $4,311,100.
the balance represents subscribers to the new
plan, which also Year’s net earnings over operating expenses
$994,371
proposes that the Straitsville bondholders bear the burden of The annual fixed charges, interest and rentals in
all
were
5S2.496
the assessment, but receive in return
something more than the
first plan proposed ; many of those who subscribed to the old
Surplus applicable to dividends
$411,873
plan are also signing the new, but in the above enumeration For the quarter ending December 31, 1881, tho
only those who subscribe to the new plan alone are counted in
net earnings were
$540,401
For corresponding quarter of last year
302.810
making up the total of assenting bondholders.”
Net increase for three months
Indianapolis & St. Louis.—At Indianapolis, April 7, H. B.
$237,591
Hurlburt, trustee of the second and third mortgages of the From the above net earnings, viz.:
$510,401
Indianapolis & St. Louis Railway Company, filed in the U. S. Deduct the quarterly fixed charges (interest and
rentals)
305,130
Conrt a bill for the foreclosure of these
mortgages and the
sale of the road; also asking for the
appointment of a re¬
Leaving surplus for three months.
$235,271
ceiver pending the litigation. The second
$157,381
mortgage is for Correspond ng three months of last year
$1,000,000, dated Oct. 1,1870—the bonds running for 31 years,
Net increase of surplus for the three months
$77,890
but by reason of a failure to
pay interest they have all become

dne.

Mexicm Central.—Circular No.
board of directors

as

3 ha3 been issued

follows:
Mexican Central Railway

by the

insufficient equipment, due to the failure of contractors to furuisli

Company, \

Limited, Boston, April 12, 1882.
>
Circular No. 3.
This company lias constructed 218 miles of its main line from the
pty of Mexico north, and 136 miles from Paso del Norte south, and
twenty miles on the Tampico line. Total amount of road constructed
to date, 374 miles. The total interest on bonds
issued and to be issued
.

AfV6

i,u‘ludiug coupons due Jan. 1, 1883, will

Alteryear'
a careful

amount to $991,935.
examination of the earnings of the road, as far as
reported, aud the estimates of General Manager Fink end General
superintendent Anthony, together with the information obtained from
other sources, I estimate the gross earniugs of the road for the
year
18S2, exclusive of earnings on company’s materials, at
$1,798,584;
deductiug CO per cent for operating expenses (the company paying no
taxes), the

net

company has

earniugs applicable to interest will be $719,434.

The

reserved in the treasury $2,000 of the first
mortgage
Donds and $2,000 of the stock
per mile, which may bo applied to the
payment of interest

during construe!ion if required.

When the main
will amount to $5,800,000 of
and
$2,500,000 of s»ock. The gross earnings on the
aivismn of the road from the
City of Mexico north have been
up to date
$200,000, exclusive of company material. The amouut
ah 8, )^1-ay
r-^e company on the line already constructed is
aDout
$5.500.000. and certificates are now beiug delivered as fast as
THa Ca?i
,cxecutcd. The ca-di collected on subsidy to date is $97,500.
collGcti°n was principally made at Vera Cruz, no
reports haviug
«nXn ^?Cf‘lve(l from more distant custom houses. Basing our estimate
riri.rKv e-amouut °* duties paid into the several custom houses of the
year 1881» the company expects to collect in cash the
ftnnof1 $^00,000 (luring the present year. The hoard have resolved to
•ue main line as fast as possible, and hope to complete the
fnrt«o-.urin7 tke year 1883; and, to justify them in making contracts
IiAtq
1,1 season, so that the work shall not be interrupted, they
Vai9e the sum of $6,032,500, and they, now offer to subanrn,Ji2clde^to
noers, under circular No. 1, or their
assjgus, the first right to sub.18

norms

constructed,




this

reserve

The official circular says :
This result was attained notwithstanding the unusually short cotton
and tobacco crops along the entire lmes.in the- system, and iu spite of
“

new

rolling-stock in time to provide for the largely-increased business of the
roads during the fall months. New equipment is now, however, arriv¬
ing freely, the company having added to its equipment (nearly all
received since December 1) as follows: Say, 656 freight cars and 27
locomotives. The effect was at once shown in increased earnings.
“
In addition to the surplus from the earnings of tho company’s roads,

large profit has been derived from the sale of its Virginia Midland
rights, amounting to over $285,009, equivalent to seven per cent on the
capital stock, out of which was added to the usual quarterly dividend of
two per cent, paid February the 15th, an extra cash dividend for the
quarter of one per cent. In addition to the cash dividends, there haa
been issued to stockholders tho right to subscribe for six per cent
debenture bonds of tho Richmond <fc Danville Company in the same
amount as the amount of the capital stock held by each stockholder at
the price of 45 cents on the dollar.
The full subscription has been
taken, aud ten per cent already paid, fhe first semi-annual interest
payment of three per cent, say $120,000, being payable October 1 next.
The present surplus earnings would warrant a larger annual dividend
than eight per cent, but the policy of the company has been to expend
a large portion of the surplus earnings iu acquiring additional equip¬
ment and in improving the properties, as well as strengthening tha
sinking fund of the company.
“The control by this company of roads aggregating over two thousand
and fifty (2,050) miles is represented by a stock capital of but $1,000,000'*
A trust fund of shares, aggregating over 51 per cent of the capital, haq
been placed with the Central Trust Company to insure control under
the present management for a term of years. The stock so deposited
with the Central Trust Company is subject only to an agreement
touching vot ng power, and is liable to no claim or lieu whatever, nor
has the the said trust company loaned any money or credit on account
of this agreement or trust. The number of shares of the stock thus as
above left in the hands of the public for purchases aud sales in the mar¬
ket is less than 20,000, that is, less than $2,000,000. A statement
assets
and liabilities shows total assets (as of September 30, 1981) ©▼•tr
«
all
liabilities of $3,351,410."
t

THE CHRONICLE.

436

[Tgl. XXXIV.
COTTON.

Sglxc (Eonxwrrcial jinxes.
COMMERCIAL

Friday, P, M.,

EPITOME.

April 14,1882.
The weather has been unseasonably cold during the past
^ej^—indeed, quite wintry, severe frosts having injured fruits
in middle latitudes, snow having fallen throughout the
Northern and Western States, doing some damage, it was re¬
ported, to winter wheat, and giving fresh impulse to the specu¬
lation for higher prices in breadstulfs. Trade is improving, but
has suffered during the week from bad weather, and the feeling
in commercial circles shows an absence of that buoyancy which
has so long been apparent. The conviction is gaining ground
that the full effects of the drought of last season upon crops,
and through them upon values and general business, are but
just beginning to be revealed.
Lard has shown marked advances during the past week, the
result of a general covering of the large “short” interest and
heavier speculative buyings for “ long ” account in Chicago.
Other provisions have sympathized, though trade has been
only moderate. Old mess pork on the spot was quoted to-day
at $17 and new at $18 ; April options quoted at $17 40@17 65 ;
May, $17 60@17 80 ; June, $17 75@$18. Bacon was strong at
10^c. for long and 10'Mc. for short clear. Lard was easier
early to-day, but closed better at ll,52^^11‘55c. for prime
Western on the spot; May options realized ll,52^@ll,55c ;
June, ll-57^@ll-65c.; July, ll-67^@ll-72;h2C.; August, 11*7736
-@ll*80c.; September, 11 •85@11,87/2C.; seller the year, lT40c.;
refined to the Continent, Il*55c. Beef quiet at $25@$27 for extra
Friday Night,

India mess; packet quoted
firm at $22@$22 50. Butter

mles, against 44,467 bales last week, 54,035 bales the previous
61,916 bales three weeks since; making the total

week and

receipts since the 1st of September, 1881, 4,388,336 bales, against
5,242,901 bales for the same period of 1880-81, showing a decrease
since September 1,1881 of 854,565 bales

very

Mon.

Sat.

Receipts at—
Indianola, Ac.
Mobile

203

447

53

6

169

213
49

49

369

715

559

358

332

329

2,662

....

....

FlOfidn,

Savannah

Bruiisw’k, Ac.
Charleston

free

Pt.

Royal, &c.

....

....

....

....

237

318

553

310

835

14

27

....

26

Wilmington
Moreli’dC.,Ac
....

946

Norfolk

City Point,&c.

Hags.
104,807
212,744
362,291

936,645

Refined sugar met with a pretty good demand until to-day,
when the trade fell off noticeably, and prices declined slightly ;
crushed closed at 10%c., powdered at 10}4(2)10%c., and granu¬
lated at 10c., these, however, showing an advance compared
with last week.

....

....

268

182

....

i

576

510

.

.

.

....

....

484

533

•

144

48

565

61

61

935

4,034
2,178
1,609
3,335

2,178

....

....

....

57S

503

122

126

643

564

649

235

607

587

....

....

....

....

Pliiladelp’a, &o.

469

576

2,131

Totals this week

4,170

7,387

6,990

Boston

.

141

....

Baltimore

•

2,354

280

New York

•

71

....

....

....

....

443

343

322

4,284

3,791

3,592

7,299

33.229

....

For comparison, we give the following table showing the week's
total receipts, the total since Sept. 1,1881, and the stocks to-night
and the same items for the corresponding periods of last year.
1880-81.

1881-82.

Receipts to

April 14.
Galveston

This

Since Sep.

This

Week.

1, 1881.

Week.

4,912

402,329

8

13,523

New Orleans...

5,913 1,132,928

Mobile

1,121

247,920

49

26,978

Florida

Savannah

2,662

Bruusw’k, Ac
Charleston

2,354

Pt. Royal, &c.

144

Wilmington....
M’head C., Ac

565
61

Norfolk

4,034
2,178
1,609

City Point, Ac
.....

Boston

7,645
6,851

8

5,913
1,121

9S9

New York

23,458

4,912

8

440

refining.

15.395
36,368

1,209

709

Rio coffee has been quiet, and to-day was depressed at 9^@
9%c. for fair cargoes; mild grades have been dull and without
marked change. Rice has been steady, but Southern now sells
rather slowly, buyers being more inclined to purchase Rangoon
at the difference in cost.
Molasses has been firm and refining
stock very active on the basis of 30c. for 50-degrees test, to
arrive, cost and freight, or 40c. on the spot.
Spices have been
dull. Tea has been steady or strong for most kinds, but Japan
has declined. Foreign dried fruits have been quiet as a rule,
but large speculative transactions in Turkish prunes have
taken place at an advance to 7c., the movement being based on

Boxes.

....

670

Indianola,&c.

27,942

134

....

2,812

ll%c.

Hhds.

679

Total.

293

Cheese is firm for the fancy
grades ; fair to prime factory, 9@10/£c.; choice to fancy, 12/2@
@13/£c. Tallow rules very firm at 8c. Stearine held at

Receipts since April 1
Bales since April 1
Stock April 12. 1882
Stock April 13, 1881

....

Fri.

urs.

New Orleans...

receipts and cautious buying.

has advanced to 7/£c. for fair

1,105

....

....

Th

Wed.

TueS.

801

984

Galveston

at $14 50@$15. Beef hams quiet but
has rapidly declined under

April 14, 1882.

The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
his evening (April 14), the total receipts have reached 33.229

Baltimore

3,335
..

••••••

..

4.284

Pliiladelp’a,Ac.

Stock.

Since Sep.

1, 1880.

614,949
14,771
19,175 1,424,041
3,489
364,450

1882.

7,333

1881.

33,569

85,122

103

698,304
6,964
477,030
23,067
132,866
26,047
573,438
182,133
150,463
191,949
14,096
68,301

47

20,218

4,S35

815,106
4,830
588,901
49,004
113,550
29,485
647,961
201,562
137,565
139,145
28,814

5,045
136

,

266
135

'

8,021
842

•

•

•

•

194.881 251,416

21,431

27,638
5,OHO

39,001

30,3)15

23,192

27,297
1,178
4,020
3,624
......

18,417

30,283

47,943

324,244 194,444
9,910
9,630
27,915 11,353
15,925 11,097

66,579 5,242.901

724,741 680,247

8,383
4,279
2,296
2,144

Total

33,229 4,368,336

In order that

comparison may be made with other years, we
totals at leading ports tor six seasons.

give below the

1881.

1882.

Receipts at—
Galvest’n.Ac.

.

1880.

4,181

7,436

4,920

1877.

1878.

1879.

2,625

1,148

3,891

8,319
9,328
10,190
Kentucky tobacco has again been quiet. The sales for the New Orleans.
15,343
5,913
19,175
577
week are only 425 hlids., of which 350 for export and 75 for Mobile
2,309
3,153
2,302
3,489
1,121
home consumption. Prices are as last quoted: Lugs, 6/£@8c., Savannah....
1,450
3,495
2.662
3,693
4.1-1*
4,335
and leaf, 8/£@14/£c.
1,550
Seed leaf has been in rather better Chari’s t’n, Ac
1.012
1,936
2,810
5,181
2,493
162
761
demand, and sales for the week are 1,475 cases, all from the Wilm’gt’n, Ac
902
626
401
4S7
1,817
crop of 1880, as follows: 925 cases Ohio fillers 4@4/£c., as¬
9,635
5,683
8,863
5,056
Norfolk, Ac..
6,212
sorted 5%@6>jc. and wrappers 9@13/£c.; 250 cases Pennsyl¬ All others....
2.657
9.297
9,013
5,407
17,149
9.277
vania fillers 6@6/£c. and assorted 9@14c.; 100 cases New Eng¬
18,010
Tot. this w’k.
38,910
39,016
40,187
66,579
33,229
land wrappers 13/£@35c.; 100 cases state, private terms, and 100
cases Wisconsin Havana seed binders and wrappers S@12>2C.
Since Sept. 1. 4363.336 5242,901 4571,295 1258,541 4013,751 3796,429
Also, 500 bales Havana SSc.@$l 25.
a/UiUieoiw.i
i «itw i iuia±
7
Naval stores have been quieter and a natural reaction to the Wilmivgton includes Morelicad City. Ac.; Norfolk includes City Point. &c»
late sharp advances has taken place. Spirits turpentine is now
The exports for the week ending this evening reach a total
quoted on the .spot at 59@60c., and selling for delivery next of
97,778 bales, of which 84,965 were to Great Britain, 5,40(5 to
week at 57@57^c. Strained rosin was dull at $2 47>j. Refined
France and 7,407 to rest of the Continent, while the stocks as
petroleum for export has been firm and fairly active at 7%c
Crude certificates were firmer at the close, selling at 79^@ made up this evening are now 724,741 bales. Below are the
80%c.; May options, 80/£c.; June, 82^0.; July, 84/£e. Ingot exports for the week and since September 1. 1881.
*

.

yjrckx v oe

copper at one

18/|c.

time sold at 18c. for Lake, but closed steadier a >

American and Scotch pig irons are dull and almost
nominal, with prices for the latter weak. Wool is still very
dull and quotations are unsettled and very unsatisfactory to the
holding interest. Hops are at a standstill and nominal in

value.

Ocean

ili'jiuue!')

freight

room

has continued

very

quiet, and rates for

berth tonnage show further declines and much irregularity
Charter-room has met with some inquiry from the petroleum

trade, particularly for vessels to the East Indies. Grain to Liver

pool, by steam, to-day

was

quoted at %d.; flour in sacks, 2s. 6d

Grain
London, by steam, quoted >i@id.; peas taken at l/6d.; oi
take at 7s. Gd. Grain to Glasgow, by steam, quoted %d.; do
to Hull, by steam, Id.; do. to Antwerp, l/£d. Naphtha, to Cork
for orders was taken at 3s. 10)£d.; do. to London, 3s.
Refined
etrdeum to Tromsoe, 4s.; do. from Philadelphia to Rotterdam
8. 3d.; do.
in cases hence to Java, 31@32c.; do to Singapore

Exports
from—
Galveston
New Orleans..

Mobile

Great
BriCn. France

Conti-

Total

runt.

Week.

200

6,251

3,35'}

30,85'>

6.051
28 005

4,592

2,704

2,704

Florida

Savannah
Charleston *...

8,173
1.618

,

,

8,’73
1,018

Wilmington...

cotton, 5-32d.; bacon and lard, 5s.@7s. Gd.; cheese, 10s.

Norfolk

New York....




,

Week Ending April 14.
Exported to—

to

30c.

iimiitmuu

7.310

7.310

11,731

814

1,7;8

Boston
Baltimore....

2,123

5,605
5,900

Total...

84,035

5,400

7,407

Total 1880-81

40,083! 18,018

33,491

11,273
6,'.<65

7,728
5,900

Exported to—
Great
Britain. France

i.=58,791 15,145
558,274 207,VOS

2f5,2il
3,!J00

6,313

134,1 A1

21,00;

151.001

53,584

20,47i
1,430

284,158
801.82’

2,5.80
21,610

*includee exports from Port Koval, &c

Total.

nent.

59,203
198,863
3,231
161,141
125,034
8,819
15,810

55,4i7
4

117.307

31,567

(51,418

200

52,806

97,778 1,004,240 293,69#
92.492;

Conti¬

472,633

233,144
033,745
35,755
3,900
319.270

297,167
63,833

302,578
378,917
117,401
97,985
53,096

2360,79!
L683.650

THE

15,1882.J

April

CHRONICLE.

addition to above exports, our telegrams to-night also give
Qg the following amounts of cotton on shipboard, not cleared, at
In

the

OB

OQ

H

*

g
ST

®

pL

aa

® o

We add similar figures for New York, which
prepared for our special use by Messrs Carey, Yale &

ports named.

are

ts* ® ®
P QB -

I3|| mi
M® ® ©
P ® * 03

7**3

Street.

Lambert. 60 Beaver

437

^£•7*

.

S3 M-*

;

©£>

g.® ® ®

or?

M

April

14, at—

Great
Britain.

Other

® "

flD

V,

B-®
®-®

o2.£.g
P

®

P

.

.

*0 O
P

k.

SS-S

>

5: -s
Leaving

Coast¬
wise.

Foreign

® p
t3*®
O

p*&7

_;

Shipboard, not cleared—for
France.

® M

00 C3

'Pop

•-i

On

ml 1111
»

07®*

Stock.

Total.

<gi

CO

m
Ip

»-•

00

9

*

15.050
8,000
3,050
4.500
10,512

New Orleans...

Mobile
Charleston

....

Savannah
Galveston
New

56,509

Total

Total 1*881
Total 1880

75,291
67,038

.....

1,800

614
None.
70
800

820
None.
None.
None.

12,300
11,946
9,397
3,870
3,300

None.
None,
None.
None.
None.
300
None.

None.

3.500
2.500

York

Other ports

6,000

10,222

9.397

Norfolk

36,187
8,000

1,500

50
None.
250

10,865

11,165

19,206

2,920

13,751
10,398

41,736
20,997

7,966
1,772

|

4,800
"

89,800
138,741
100,205

tv

158,694
13,431
18,392
26,701
21,623
20,886
320,374
54,840
634,941

541,503
584,238

speculation in futures opened very dull on Monday
owing to the absence of advices from English markets,

The

last,

there

which remained closed for Easter; yet

the

ing, owing to

opening

dull

a

was a

firmer feel¬

very

small receipts at the ports.

was

followed by considerable speculative

Ski

*-

45,60 Iregula. l-53@1289 132,80 Varible

05

C5
o*

o
o

»—* *—«
to t o

CO
*-»

o

decline, in sympathy with <
foreign advices, but the close was nearly up to the values
Tuesday. Yesterday there was a dull opening, but after we
a hardening market, owing to the remarkable shrinkag<
receipts at the ports. To-day the market was variable, a
the final close at a slight advance for tliis crop. Cotton on

1 ©*•

o

O

to
CO

H*

spot has been in some request for home consumption, but o
demands were quiet. Quotations were advanced l-16c.

c

3

Sat.

April 14

QrdiiTy.$ft

;
6

Strict Ord..
Good Ord..

.

Btr.G’dOrd
Low Midd’g
Str.L’wMid

4,

Middling...

6

oS

tt

Good Mid..

8tr. G’d Mid

•

Midd’g Fail-

•

Fair

Ordin’y.fift
Strict Ord..

•

9%
93s
91%6 91616
10%
10%

11*16

11*16

11*8

11*8
11%
121,6

Th.

Frl.

9716

9%

9»l«

Fair

12

12%
12%
12%

12*16
12916
1213i6

13%

13%6
14%«

14

•

•

c3

a
O

w

;
•

Mon Tues

9*8
10*16

9*8
103,fl

11

11

U716
11%

H%6

12%
125,0
121li«
121*16

12%

9*8

125,0

Frl.

Wed

Til.

91116

9%

|

Tit.

1

9Hi0

9%
10o,6

1038

10*4

11%

113,0

11

913,0

ft.
Holi¬

day.

Sl*,6
9I516

10*8
11*8

10*8
11*8

..

815l6
91*16

9
10

CLOSED.

Ex¬

Spec-

Ti'an-

sit.

12
100

and steady

Wed.lgtc-ulyatifoadv
Thme

563

1,102

e

r

00

Q t,t st'y, iln art.
Qmet at i,a udv.

705
610

Total!...

112

4,299

295

....

to to

to to

to to

© >u

A to

GCtO

tOOM

tore to

CO

I

I ® «D

to

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to too

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cj, © ©

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to

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1 -.,©

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1

t~> •-*

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cc-tco

©

•

to©

o',©©

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MMqo

—4 M

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HH'to

%

t a*-

MMoi
tv to ©

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to

05

Mo

1 ®M

M

1

5

CJ, ©

1 ®p

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to to O

©
©

MM
to to

M

oboo©

.

m to

to to

to©

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coco©

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—

to

§

*4*40

too*

to to

Goobo

tU

*A A©

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©

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to to

too

*-» t—

1

I ©O

MM^
to too

to

ob©

CO

I ©00

to to

=5

M
00

I a„~4

oo%

1

00

W -4 00

1 o,

°

toto°

©iA

©

CO

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M

I

3

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to to

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0°

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to to©

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To

0

125,0

:

:

1 1

:

:

l!

<3
S

9%c

9%

511,200; September December for December, 1,479,100; SeptemberJanuary for January, 4,252,500; September- February for February,
2,230,100; September-Marcli for March, 4,411,100.
Transferable
Orders—Saturday,
; Monday, 12-10c.;
Tuesday,
1220c.; Wednesday, 12’20c.; Thursday, 12‘30c.; Friday, 12’30c.
Short Notices for April.—Monday, 12 05c.; Tuesday 12 05c.; Wednes¬
day, 12-lSc.; Thursday, 12-13c.; Friday, 12*23 2>12’29c.

10ll6 10%
1013,0
1H*10

FUTURES.

Sales.

Deliv¬
eries.

500

30,400
663 106,600

300

81,300
985 104,500
610 132,800

300
300
300

4,706 455,600

1,700

1,117

15
280

<1 <1

©

•Includes sales m September, 1881, for September. 314,000?:
September-Oetober for October, 416,400; September-November for November,

1,331

1,319

COtoO

*-»

1218

iday.

.

WtflO
CCCO

I

Fri.

111116 11%

Total.

M M M

totop

to to

The following
*31

8at..
Mon Quiet

Tues.,Qm^

Con-

port. sump. nVt’n

1 ©p

M in

Til.

1011,6 10%

SALES OF 8POT AND TRANSIT.

1 ©O

*-i

9*8

MARKET AND SALES

SPOT MARKET

©CO to

1 ©CO

©rf^

he

Mon Tues Wed

05 CO

tv tO

A

*— *—1
GO

ll

121516 |12151(
13716 |13Jl6

H®16

c.otto

-1

©

*-* M

•-‘co
to too

©

121*16 121*1,

1211,6

to

©

UJi«
11%
1218
12*,«

to to

1

lfle

11%

to to

o

Mon. Taei

Sat.

Wed

Sat.

Good Ordinary
Strict Good Ordinary
L)w Middlimr
Middling

.

05

CO 05

to to

77

105le 1038
1118
11*16
in*
1138 ! 11%
11916 11*8
11910 11*8
121,6 111*16 12
121,6
111*16 11*°16 12
125,6 12316 124
12°i6
12%6 1 12*16 12%
123s
12% 1123s
i27,6 12i*
127,6 12%
12%
121316 127s
1218,6 12%
12*8 ! 12%
13
13
13%« 13is
131,6 13%
12%
13i*
13%
13916 1358
1338
139,6 13*8
1414
14%
14%
14*16 I43s
14*10 1438

STAINED.

Fn.

co

O

05

t-1 M

o

©

10©

cbto

o

AT -»

*-*©
H

M

to to

1 ©05

^

1 ©^
M

to

M 1—

<1 to ^3

&

o’

©

to to

M

to

tO tv o

©

5

&?<* :*

i-7*-®
to

CCCO

O

TEXAS.

121*16
13%6 13%6
143,6 143,6

•

10%6 10% 1 10%
101*16 lUlB

Good Ord.. 10l3le 10%
Str. G’d Ord 11%
11*16
Low Midd’g 111116 11%

Btr.L’wAtid 111516

•

11%
12%«
12%6 12%6
121116 121116
13*26 133,0
131%6 131*16

Wed

10

Sat.

Moil Toes

00

©

t

April 8 to

Orf^-

T
1

total sales foot up this w i
4,706 bales, including 112 for export, 4,299 for consumption
3
295 for speculation and
in transit. Of the above, — t
were to arrive.
The following are the official quotations
Biles for each day of the past week.
NEW ORLEANS.

1i M°

it-

For immediate delivery the

UPLANDS.

to,oO

to

l-16e.

bales.

coobO

C5

Wednesday, and again on Thursday. To-day prices were a^

higher, middling uplands closing quiet at 123^c.
The total sales for forward delivery for the week are 455

*-* -1

<t
o

CO

1 ©Jh

1
r-05

05
(JO

1

1

t-6
-i

M H->

On

was some

*—* M

C5tO

to too

£8 og

to to

tOH*

05 05

O

003 ccP

*-* *-*

to to

to to

uo

activity and a decided advance, but the close was less buoyant,

Wednesday there

M M

to to

CO

to

<J
o

On Tuesday

owing to the indications of a large overland movement.

l-50®128 l-49@127 1*3927

104,50 Firme. Steady. 81,30 Easier. Steady. 106, 0 Buoyant.

Firm.

$.§
88

pd.
*30 pd.
•29 pd.
•24 pd.
•14 pd.
10 pd.

exchanges have been made dnring the week:

to exch. 800 May for July.
to exch. 500 May for July.
to exch. 500 June for Aug.

to exch. 300 April for June.
to exch. 500 July for Aug.
to exch. 200 April for May.

•46

pd. to

ex eh.

•16 pd. to exch.
♦46 pd. to exch.
•08 pd. to exch.
•32 pd. to exch.

The Visible Supply of Cotton,

as

400 May for Aug.

100 May for June.
200 May for Aug.
400 May for Sept.
200 May for July.

made np bj cable and

telegraph, is as follows. The Continental stocks are the figures
Saturday, but the totals for Great Britain and the aiioat
vious to that on vvhica
they are reported.
■or the Continent are this week’s returns, and
consequently
The Sales and Pricks of Futures are shown
by the follawwrought down to Thursday evening; hence, to make the totals the
JW.
cc*Rprehensive table. In this statement will be found the
Qauy market, the prices of sales for each month each day, and complete figures for to-night (Apr. 14), we add the item of exports
ne
closing bids, in addition to the daily and total sales.
from the United States, including in it the exports of Friday only
*

~*v'*~* ¥

M




V

UU

1*

vlr

»

u

ALU

UUUYUlOUl

VU-U

p*V-

of last

THE CHRONICLE.

438

1879.

659.000

549.000

62,200

41,200

46,209

56,500

935,200
I L0.000
2,600
33,000
2,000

904.200
142.000

705,209
90,740
1,632

605.500
177.000
2,000
27.500

1882.

bales.
.

Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hammirg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at otlier conti’ntal ports.

3,600
6,500
40,800
40,800
2,070

32,900
18.0(0
437

4,170
7,406

.

882,871

901,250

1 u7.831
•4 32,845

180,000

29.804
681.143

238.556
11,000

25,000

28,000

572.000
30.000
418.802
91.966
3,000

Of the above, the totals of American and other descriptions are as

3

10

112,3(53 147.129
119,331 133.723

it

17

115,307 14V39

ii

21

102,005 131,359
Mcli. 3..‘5..
78,131 133.931

follows^

44

10

it

17

ii

21

It

31.

American afloat for Europe—

724.741

178.183

United States interior stocks..
United States exports to-day..

28,000

468,000
155,000
432,815

237,401
25,000

238,556

442.000
270,000
572,0(0
418,802
91,966
3,000

684.443
11.000

2,021,924 2,455,648 ]L,989,844 1.797.768
East ftidian,Brasil, <tc.—

302,000
62,200
95,555
417,000
51,000

Liverpool stock
London stock

219,000

191,000

107,000

41,200

46,209
22,665
197,831
29.804

56.500

65,300
205.000
37,000

25,750
180.000

30,000

64.3:58 143,120
4 ).011 10 *,200
53,419 93,(590

....

11

St'k atlnterior Towns. Rec'pts from

93,081
95,037
80.779
72,031
60.160

1881.

18S0.

13t?2.

18S0.

1882

3^6.701 306.321 400,986

Plant’n$.

j 1S81. I

13S2.

13.),0tta!l22,12fj]

74,02,
84,091
77,29)
63,95'
143.397 50,131
3.'2,458 343,072 62,645! 133.801 32,621
319.232 315,973 50,239 186,900 31,641
320,500 284,393 39,317 109,463 25,87
309.513 253,618 33,e59 82,703 31.14
204,608 233,182 40,991 63,009

317,866 390,019 108,! 90; 158,674
371.663 313.837 3S0.528 1 OS,98a* 129,094
351,707 312.550 372,4 54 95,349-145,232
341.022 317,CSS 362,430 92,310

332.531

51,980 325.216
53.747 311.0S7
57,4^4 300.793
61.916 286.233

j

87,323

73,514
85,696

54.035 279,331
41,437 272.988 277.330 215.914

30,480

38.910

66 579

33,225 259.3 VS 261,519 201 747

25.255

47,393

...

April 7
II

611,000
199,000
670,000
680,247

1381.

137.101 1 25,070

American—

571,000
115.000
405.000

13^0.

Jan. 'll

2 ,940,679 3.023,143 2.477,353 2,197,018

Total visible supply

Receipts at the Ports.

Week

ending—

Feb.

Total European stocks..
1 ,145,755 1,168.509
205.000
India cotton afloat for Europe. 417,000
670.000
Amer’n cotton afloat for Eur’po 40.5,000
37.000
51,000
Egypt,Brazil, Ac., atit for E’r’pe
680,2 47
721,7 41
Stock in United States ports ..
237.401
178.183
Btock in U. S. interior ports.. .

United States exports to-day..

295,750

177,665

a

RECEIPTS FROM PLANTATIONS.

3.750
7.500

367

261,300

210,555

3,500

16,300

8,370

;herefore,

21,500
43,500
6,500

2.5,610

760

1,900
9,718

Total continental ports....

28.240
3,200

19.400

the expense of the interior stocks. We reach,
safer conclusion through a comparative statement
ike the following. In reply to frequent inquiries we will add
‘•■hat 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 out-ports.
ihan another, at

1881.
863.000

1880.

873.000

*

Stock at Liverpool.
Stock at London

[You XXXIV.

68,438
50.828

since Sept. 1, 1881-82 were 4,524,658 bales; in

plantations

5,465,662 bales; in 1879-80 were 4,815,630 bales.
That, although the receipts at the out-ports the past week
were 33,229 bales, the actual movement from plantations was
only 19,032 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the planta¬
tions for the same week were 50,828 bales and for 1880 they
1880-81

were

2.

were

25,255 bales.

Amount

of

Cotton

in sight

April 14 —In the table below

give the receipts from plantations in another form, and
April 1, and
date, so as to
give substantially the amount of cotton now in sight. We shall
continue this statement hereafter, bringing it down to the close

we

Total East India, &o
Total American

399.250

487.509

567.500

927.755

—

2.021,924 2.455,648 1,989,814 1,797,768
2.949,679 3,023,148 i2,477,353 2,197,018
7;1.
638,1.
6d.
61

Total visible supply....
Prioe Mid. Upl., Liverpool

imports into Continental ports this week have been

The

30,000 bales.
The above figures

add to them the net overland movement to
also the takings by S mtlieru spinners to the same

of each week.
1881-82.

indicate a decrease in the cotton in sight

to-night of 73,469 bales as compared with the same date of 1881,
an increase of 472,326 bales as compared with the corres¬
ponding date of 1880 and an increase of 752,661 bales as com¬
pared with 1879.
At the Interior Towns the movement—that is the receipts
x

—'

J

o

»»

CD

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4,368,336
156,322

222.761

Total receipts from plantations
Net overland to April 1.

4,524,658
394,473

5,465,662
452,089

190,000

155,000

5,109,131

6,072,751

Southern

consumption to April 1

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This year’s

Azures estimated.
The above totals show that the old interior stocks have de¬
creased during the week 15,016 bales, and are to-night 59,218
bales less than at the same period last year. The receipts at
the same towns have been 8,227 bales less than the same week
last year, and since Sept. 1 the receipts at all the towns are
*

467,334 bales less than for the
Beceipts

same

time in 1880-81.

Plantations.—The following table is
purpose of indicating the actual movement each

from

the

prepared for the
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year




81 and lowest 58.

Indianola, Texas.—We have had showers on three days of
past week, but not enough to do much good. The rainfall
reached twenty-one hundredths of an inch.
Crops are doing

The thermometer has ranged from 51 to 87, aver¬

very well.
aging 69.

Dallas, Texas.—It has rained tremendously on
the past week, the rainfall reaching three inches
six hundredths.
A hailstorm on Tuesday did

four days of

and ninetyconsiderable
damage to buildings, ruining tin roofs and smashing windows;

injured, but the extent is probably exaggerated;
probably no serious damage has been done. Ice
formed this week in this vicinity on one night, doing harm,
and there was snow westward.
Average thermometer 62,
highest 91 and lowest 31.
Brenham, Texas.—We have had fair showers on three days
of the past week, but not enough.
The rainfall reached forty
hundredths of an inch. Planting is making good progress,
and planters are giving - increased land to cotton this year.
Accounts from the interior are conflicting, blit mainly favor¬
able. The thermometer has averaged 71, the highest being 92
and the lowest 50.
Palsetine. Texas.—We have had very beneficial
five days of the past week, the rainfall reaching one

M to

to

Galveston, Texas.—We have had light showers on three
days of the past wTeek, and more rain is needed. The rainfall
reached twenty hundredths of an inch. In Northern Texas
they have had good rains, but the rest of the State has not had
enough to do much good. Average thermometer 70, highest

fruit has been

c

©O'

crops is reported.
Elsewhere
fairly favorable, and planting lias made

harm to other

to other crops

1

O'-

no

the
50

o

fruit; but

the weather has been
good progress.

P

M •
.

It will be seen by the above that the decrease in amount in sight
to-night, as compared with last year, is 963,620 bales.

Weather Reports by Telegraph.—There has been con¬
siderable rain in a good portion of the Southwestern section
during the past week, all of which was beneficial. A hailstorm
also visited some points and frost at other points, doing harm

cr © JS JS
<5
e

fps| £|.o*rt
-

£02:2; %%%%>
B2.2p°S

5,242,901

Receipts at the ports to April 14
bales.
Interior stocks in excess of Sept. 1 on Apr. 14.

Total in sight April 14

period of 1880-81—is set out in detail in the following statement:

1880-81.

rains on

inch and

ninety-two hundredths. Planting is making good progress,
prospects are good. Average thermometer 67, highest 86
lowest 48.

'

and
and

-

New Orleans, Louisiana.—It has rained on three days
the past week, the rainfall reaching three inches and
The thermometer has averaged 74.
three hundredths.

f

of

sixtyShreveport. Louisiana.—The weather has been cloudy, with
light rains and thunder storms, during the past week. The
rainfall reached two inches.
from 47 to 93.

The thermometer lias

ranged
.

Vicksburg, Mississippi.—It has rained on two days of tne
past week. The weather has been cool and cloudy.
Columbus, Mississippi.—We have had rain on four days oi
the past week, the rainfall reaching one inch and one
dredth. The thermometer has
84 and the lowest 47.

averaged 68, the

highest being

April

15,1882. J

THE

CHRONICLE.

IAttle Rock, Arkansas—The past week has been cloudy,
Sunday and Monday, with rain on four
days. The rainfall reached eighty-six hundredths of an inch.
Average thermometer 60, highest 83 and lowest 45.
Nashville, Tennessee.—It has rained on four days of the
past week, the rainfall reaching one inch and ninety-eight
hundredths. The thermometer has ranged from 36 to 82,
averaging 58.
Mobile, Alabama.—It has been showery on two days and
has rained severely on two days of the past week.
The rain¬
fall reached one inch and ninety hundredths. The thermometer
has averaged 73, the highest being 89 and the lowest 61.
Montgomery, Alabama.—-The early part of the past week
was clear and pleasant, but during the latter
portion it has
been showery on three days.
The rainfall reached fifty-four
hundredths of an inch. Average thermometer 68, highest 86
and lowest 52.
Selma, Alabama.—The early part of the past week was clear
and pleasant, but during the latter portion it has been cool and
cloudy with rain on one day. The rainfall reached forty-eight
hundredths of an inch, and the thermometer has averaged 66.
Madison, Florida.—It has rained on three days of the
past
week, and the remainder of the week has been cloudy. Plant¬
ing is about completed in this neighborhood.
Crop accounts
are more favorable.
Average thermometer 65, highest 70 and
with the exception of

439

European Cotton Consumption to April 1.—We have
received
by cable to-day Mr. Ellison’s cotton figures

brought down to
The revised totals for last year have also been
received*

April 1.
and

we

give them for comparison.

in actual bales and
pounds have been
From Oct. 1 to Aj)ril 1.

The takings by spinners*
as

Great Britain.

follows:

Continent.

Total.

For 1881-82.

Takings by spinners.. .bales

1,823,710

Average weight of bales....
Takings in pounds

1,462,240

3,285,980

438

432

435

7)8,798,120

031.087,080 1,130,485,300

For 1880-81.

Takings by spinners., .bales
Average weight of bales....
Takings in pounds

1,013,030

«

744.281.590

According to the above,
in Great Britain is 438
453 pounds per bale

1,423,000

3,000,090

439

446

453

024,723,340 1.369,015,930

the average weight of the deliveries

pounds per bale to April 1, against
during the same time last season. The
Continental deliveries average 432
pounds, against 439 pounds
last year, and for the whole of
Europe the deliveries average
435 pounds per bale,
against 446 pounds during the same
lowest GO.
Macon, Georgia.—The early part of the past week was clear period last season. In the following table we give the stock
and pleasant, but during the latter portion we have had rain. held by the mills, their takings and their
consumption, each
month since October 1, all reduced to
The thermometer has averaged 65,
bales of 400 pounds each
ranging from 46 to 85.
for this season and last season. It
is a very convenient and
Columbus, Georgia.—It has rained slightly on one
day of useful summary.
the past week. The thermometer has
ranged from 60 to 78,
averaging 71.
Oct. 1 to April 1.
Savannah, Georgia.—We have had rain on four days of the
1881-82.
1380-81.
past week, and the remainder of the past week has been Bales of 400 lbs. each
Great
Conti000s omitted.
pleasant. The rainfall reached sixty-five hundredths of an
Great
ContiTotal.
Totals
inch. The thermometer has
Britain
nent.
Britain
averaged 68, ranging from 49 to
nent.
86.

Augusta, Georgia.—We have had light rain on three days of
the past week, the rainfall reaching
twenty-six hundredths of
an inch.
On Wednesday the weather was
quite cold and frost
was feared, but it has since moderated and
now there is no
possibility. Planting is making good progress. Average ther¬
mometer 6G, highest 87, and lowest 45.
Atlanta, Georgia.—It has rained on two days of the past
week, the rainfall reaching forty-three hundredths of an inch.
Average thermometer 63, highest 83 and lowest 46.
Charleston, South Carolina.—It has rained on one day of
the past week, the rainfall
reaching sixty-one hundredths of
an inch.
The thermometer has
ranged from 46 to 86, aver¬
aging 65.
The following statement we have also received
by telegraph,
showing the height of the rivers at the points named at 3 o’clock
April 13,1882, and April 14, 1881.

Spinners’ stock Oct 1
Takings in October...

25,
330,

240,
133,

265,
469,

27,
271,

112,

139,

129,

400,

361,
280,

373,

Oct..

734,
512,

293,
204,

241,
216,

480,

Spinners’ stock Nov. 1
Takings in November.

81,
303,

308,

222,
071,

34,
314,

25,
237,

59,
551*

444,
280,

449,
261,

893,
541,

348,
2G4,

262,

010,
480,

Spinners’ stock Doc. 1
Takings in December.

164,
338,

188,

307,

352,
045,

84,
332,

Total supply
Consumption in Dec..

502,
350,

495,
2G1,

997,
Oil,

319,

Spinners’ stock Jan.

152,
201,

234,
253,

380,
514,

Consumption in Jan..

413,
280,

487,
232,

900,
512,

386,

Spinners’ stock Feb. 1
Takings in February.

133,
283,

255,

3S8,

242,

416,
280,
130,
418,

Consumption in Mar.
Spinners’ stock Apr. 1

Total supply.

Consumption in

Total supply

Consumption in Nov

New Orleans

....Below high-water mark
Above low-water mark.
...Above low-water mark.
—Above low-water mark.

Memphis

Nashville

hreveport

Vicksburg

1

29
29
10
45

Inch.
3
4
9
5
0

Feet.
2

29
>

29
13
41

Inch.
5
10
3
0
1

New Orleans
reported below high-water mark of 1871 until
Sept. 9,1874, when the zero of gauge was changed to high-water
mark of April 15 and
16, 1874, which is 6-10ths of a foot above
1871. or 16 feet above low-water mark at that
point.

New York Cotton Exchange —The

building committee

are

inviting proposals for a plot of ground suitable for the erec¬
tion of a new
building within half a mile of Hanover Square.
The rumor that a site had
already been fixed upon is there¬
fore without the
There is

one

slightest foundation.
application for membership, and notices

posted that two seats
H-

are

Visitors during the last
Cranston, Georgia.

are

to be transferred.

week have been

Charles

as

follows:

Inglesby, Charleston.
E. II. Holland, Atlanta, Ga.
Facliin, Norfolk.
Paul Scliwartz, New Orleans.
Willard, North Carolina,
I. Steuseman, Eufaula, Ala.
u.
Browning, North Carolina.
The Chronicle and the
Cotton Speculation.—In our editorial
columns will be found some
remarks to-day suggested by a
criticism in the Louisville
Courier-Journal.
Mississippi Levees.—A
correspondent, in referring to the sug¬
gestions in last Chronicle on
the subject of the
insufficiency of
aoy levees for the

Mississippi,

Total

supply

Total supply

Consumption in

Feb.

Spinners* stock Mar.

says :'

1

Takings in March
Total supply

A

141,

216,

539,

46,

130,

331,

713,

377,
276,

843,
025,

117,

101,

209,

241,

218,
510,

272,

342,
218,

490,

525,

114,
289,

124,
313,

238,
602,

497,
232,

913,
512,

403,
270,

437,

840,
500,

265,

337,

401,
755,

133,
335,

oo4j
350,

002,
290.

1,150,
640,

468,

204,

312,

510,

400,

|

|

230,
207,

728,

310,

340,
645,

337.

517,
272,

985,
609,

131,

245,

376,

striking comparison with last year is reached by
bringing together the foregoing totals, and adding the average
weekly consumption up to this time for the two years.
more

1

Oct. 1 to

April 1.
Bales of 400 lbs. each.
000s omitted.

W. F. Jack, Atlanta, Ga,

M. 8.

1

Takings in January..

Apr. 13, '82. Apr. 14, '81.
Feet.

.

232.

1881-82.

1880-31.
■

O 0)111“

Britain

nent.

U

Total.

1

f

j

Britain]

|

nent.

Total

Spinners’ stock Oct. 1.
25,
Takings to April 1.... 1,999,

240,
1,580,

265,

27,

112,

3,579,

1,860,

1,561,

139,
3,421,

Supply
Consumption

2,024,
1,820,

1,820,
1,508,

3,844, 1,837,
3,328,' 1,756,

1,673,
1,428,

3,560,
3,184,

204,

312,

131,

245,

376,

70,0
70,0
70,0
70,0
70,0

58,0
58,0
58,0
58,0

128,0

06,0

128,0
128,0
128,0
123,0

66,0

54,0
54,0

120,0
120,0
122,5
122,5
122,5

Spinners’ stock Apr. 1

510,

Weekly Consumption.
00s omitted.
In October
In November
In December

68,0
54,5
a?y one incline to talk of confining the waters of that
In January
68,0
51,5
aQV r*ver waHsf whether of clay, wood, stone or
Iu February
58,0
03,0
54,5
fC? k0 reminded that the map of the inundated country
In March
70,0
58,0
128.0 |
67,5
54,5
122,0
pAm °* -^emPhis (published by the New Orleans
Lithographing
The foregoing shows that the weekly
Charles Street, New Orleans) shows an area of
consumption in Europe
i»n£u!iFe<* an<^
aa average width of 45 miles and of still continues at 128,000 bales, of 400 pounds each, and that
nwRw
a.vera&e depth exceeding 3 feet of water, besides the the stocks at the mills both in Great Britain and the Continent
?ar^ nver.channel filled to the top of the banks. Assuming are greater than a year ago—that is to say, together they hold
b*nt<TeIane one °T the river proper to be l/£ miles—and its 516,000 bales, against 376,000 bales same time last year.
can see that to
retain the 45 miles width of
Jute Butts, Bagging, &c.—There is no increase in the
demand
an ail? outside the basks) within the banks, would
require since our. last report, and the market is quiet. The inquiry is
ability*011
^he banks (and width of base) beyond man’s not so active, and beyond a small
y to pay
jobbing demand we hear of bo
fox, if not beyond his skill to construct.
transactions. Prices are still unchanged, and there
appears ta



1

THE

440

| Volt. XXXIV.

CHRONICLE.

steady feeling among sellers, who are indisposed to accept
less than full figures, which are 7%c. for l/£ lb. 8^0. for 1^4
lb., 9^c. for 2 lbs. and 10>^c. for standard grades. Butts are in
the same position, and there have been some farther sales for
futures. Spot lots are quiet, and about 2,000@2,500 bales are

EXPORT8 TO

be a

paid, the lower price

reported placed, for which 2^@3c. was
for paper grades and
Comparative Port

from—
Bombay

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
A

movement each month

follows:

4

1881.

333,643
888,492
942,272
956,464

425,770 458,478
837,349 968,318
951,078 1,006,501
983,440 1,020,802
543,912 571,701
291,992 572,723
476,532
257,099

Sept’mb’r
October..

Novemb’r
Decemb’r

January

1879.

1880.

.

February.
March...

647,140

447,918
261,913

288,848
689,264
779.237

893,664
618,727
566,824
303,955

Alexandria

—

“

2....

“

3....

“

4...

44

5....

“

6....

“

7....

4

8....

44

9....

44

10....

689,610

472,054
340,525

4411....
44
44

44

1877-78.

12....
13....
14....

11,621

9,905

8,01b
11,034

7,35 :i
5,696

Percentage of rota;
port, ree’nts Apr.l 4

4,729
9,816
6,299

8.

826,000

43,000

495,000

45,000

434.000

India ports.

Shipments.—Through arrangements

Receipts and

92 30

9519

3.10V,00*6

2,716,000

Sept. 1.

This
week.

Since

Th is
week.

Since

Sept.

1.1

Since

Sept. 1.

1

1,5*33 163,871

118,563!

1,316 150,597

14,000 340,563'

1,316 436,347

3,000

1,533 394.871

This statement shows

279,750

11,000 222,000

231,000

that the receipts for the week ending

and the shipments to all Europe

April 13 were 32,000 cantars
1,533 bales.

were

9,000

32,000
2.799.000

Europe

Total

1379-80.

1880-81.

1881-82.

To Liverpool
To Continent

Manchester Market.—Our report received from Manchester
to-night states that prices are lower for both twists and shirt¬
ings and that the market is quiet. We give the prices of to-day
below, and leave previous weeks’ prices for comparison:

4,406
4,484

2,347
2.641

93-73

Sept. 1 up to
to-night are now 862,196 bales less than they were to the same
day of the month in 1SS1 and 192,159 bales less than they were
to the same day of the month in 18S0.
We add to the table
the percentages of total port receipts which had been received to
April 14 in each of the years named.
India Cotton Movement from all Ports.—The figures which
are now collected for us, and forwarded by cable each Friday, of
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
This statement shows

49,000

Exports (bales)—

2,794

8.

8,081

91-17

89 Ol

302,000
132,000

This
week.

4,368,336 5,230,532 4,560,495 4,233,320 1,011,034 3,784,323

Total

26,000
19,000

This week....
Since Sept. 1

1876-77

9,790

6,862
7,649
6,885

S.

13,867

332,000
163,000

1831.

1882.

5.156

8.

34,000
9,000

Receipts (cantars*)—

1880-81 and

9,678

7,387
6,990
3,791
3,592
7,299

644,000
182,000

April 13.

3,901,825 3,734,592
4,290.640 5,075,110 4,480,812 4,140,519
8.
15,764
9,393
5,922
15.516
6,612
5,311
9,834
5,570
8,298
8.
10,903
6,277
6,649
6,785
s.
6,524
7,501
4.336
5,114
8.
11,236
23,210
9,772
3,033
11,158
5,491
8,237
13,035
7,018
4,915
8.
5,817
6,338
9.980
4,022
3,164
8.
10,317
6,243
13,656
9,512
8..
11.515
9,222
5,264
14,912
4,170
5,973
5.310
9,724
4,717
8.

t,ot.Mr.3i
Apr. 1

1878-79.

49,000

Alexandria, Egypt,

for the different years.
1879-80.

Since
Jan. 1.

have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipts
and shipments for the past week
of the previous two years.

236,868
675,200
901,392
787,769
500,680
449,686
182,937

98,491
578,533
822,493
900,119

784,470 bales less than in

1880-81.

This
week.

we

190,2"2 bales less than at the same time in 1879-80. By adding
o the above totals to Mar. 31 the daily receipts since that time,,
we shall be able to rea h an exact comparison of the movement

1881-32.

Since
Jan. 1.

to date, at all

years up

the receipts at the

that up to Mar. 31

This
week.

This last statement affords a very interesting comparison of the
total movement for the week ending April 13, and for the three

3,901,825 3,734,592
otalyear 4,290,640 5,075,110 4,480,842 4,140,519
Perc’tage of tot. port
92-48
89-78
9310
89-58
86-40
receipts Mch. 31..
This statement shows
ports this year were

Since
Jan. 1.

p’rts.

Total

1876.

1877.

1878.

All other

This
week.

and for the coiresponding week

Beginning September 1.

Year

Monthly
Receipts.

Europe

to all

1830.

1881.

Shipments

the higher for bagging qualities.
Receipts and Daily Crop Movement.—

movement for the years named. The
since September 1, 1881, has been as

EUROPE FROM ALL INDIA.

1882.

that the receipts since

d.
938^10
93g3> 978
93s3> 97s
9^8® 978

d.

Feb 10
“
17
44
24
Mch. 3

Shirtings.

44

938310

14

s.

d

®8
2>7
®7
@7
®7
7L338
7Li®8
6 ®8
6 • ®3

0

d.
6
5
6
6
6

s.

6
6
6
6
6

10
971ft® 10
44
6
17 9®8®
«*
24 99i0®lO4 6
31 9~ IK® 10*8 6
Apr. 7 97i«® 1018 6
“

Coll'n
Ain.
Upl '8

8*4 lbs.

32s Cop.
Twist.

65s
6nifi

-93a
95fl
9^2
9*2
914
914

6llio

9

65s
058-

9

0716
6718

10^2
10b2
lOifi
10L>
0
0
0
0

Gbj

lie

4hj^7 l()lg

6

Shirtings.

<i.

s.

6716

® 10^-4 6

63r

G3s

6%
9 ®7 lO1^ 63i8
7^2 ®>7 9
6316
.,

® 978 0
®
®
®
©

9
9

Upldt

d.
s.
d.
97s a>8 27g
®1014 6 10L2®3 278
2)1018 6 10^2 2>8 278
2)1038 0 10^2® 3 278
3> 7 10 ^
2> 978 6 9

d.

d.

d.
6hj

Cott’n
Mid.

8H lbs.

32s Cop.
Iwist.

978 0
978 6
97s 0
97a 6

7i2®>7
9
©8
9 2>S

9

6

0
0

Ghe
0

cotton from the United
mail returns, have reached
90,926 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, aud published in
the Chronicle last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday

Shipping News.—The exports ot
States the past week, as per latest

night of this week:
New

Total bales.

York—To Liverpool,

Abyssinia, 705—
Euclid, 2,373
Lake Nepigon,

per' steamers

Baltic, 741
City of Berlin, 1,087
Helvetia, 2,993
Lake Huron, 1.022
700. ...Part lxia, 1,240
To Glasgow, per steamer Circassia, 2G5

11,466

265
814
332...Main, 70...Ncckar, 826 1,228
Allemauia, 400
Lessiog, 100..
500

Labrador, 814.

To Havre,,per steamer
To Bremen, per steamer Koln,
To Hamburg, per steamer
New Orleans—To Liverpool, per

Gallego, 6,300—

steamers

Haytian, 5,504
per snips Friga, 3,949
Hermou, 3,83.0
per bark Texas, 2,100
To Havre, per skips Dora, 4,674
Tlios. Lord, 4,374 — per
bark Nimrod, 2.256
To Reval, per bark Coucettiiia, 1,333
*
To Barcelona, per skip Voadora, 3 44
.7.
To Pasages, per bark Familia, 1,100

21,663
11,304
India
1,333
344
1,100
for the week and year, bringing the figures down to April 13.
To Vera Cruz, per steamer Wliifney, 691
691
RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
r
Charleston—To Liverpool, per barks Bessie Parker, 2,345—
ReceijHs.
Isabel Craggs, 2,302 Upland and 103 Sea Island
4,75o
Shipments since Jan. 1.
Shipments this week.
Reval, per steamer Knight Templar, 4,600 Upland
&
4,600
Since
This
Conti¬
NNAH—To'Liverpool, per barkTikoma. 1,7.05
LJOa
Savann.
Year Great Conti¬
5,570
Total.
Jan. 1.
Week.
Total. Britain nent.

in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete
movement for each week. We first give the Bombay statement

enable

us,

BOMBAY

o

Great

Br it'n.

To Havre, per

nent.

1882 41,000 8,000 49,000 416,000
1881 6,000 28,000 34,000 115.000
1880 21,000 5.000 26,000 131,000
1879 25,000 17,090 42,000 85,000

228,000
217,000
168.000
L27.000

644.000 75,000
332,000 55,000
302.000 52,000

830,000

212,000 11,000

360,000

516,000'
507,000

According to the foregoing, Bombay appears to show an
increase compared with last year in the week’s receipts of 20,000
bales, and an increase in shipments of 15,000 bales, and the
shipments since January 1 show an increase of 312,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows.
CALCUTTA, MADRAS. TUTICORIN. CARWAR. RANGOON AND KURRACHEE.
Shipments since JaAiuary 1.
Shipments this week.
Year.

1882
1881
1880
1879

Great
Britain.

8,000
16,000
7,000

Conti¬
nent.

1,000

3,000
2,000

Total.

9,000

19,000
9,000

Great

Conti¬

Britain.

nent.

132,000
104.000

103,000
57,000

50,000
59,000
29,000
41,000

per

barks Francis Herbert,

Total.

182,OOf
163,000

132,000
98,000

bales less than
total ship¬

follows.

Jokauue Marie, 1,800

3,032

Boston—To Liverpool, per steamers
„

1,368

6S9

,

Freeman, 5,950...*.*
Paragon, 3,231

Baltimore—To Liverpool, per steamers European,
Venezuelan, 3,003
To Bremen, per steamer Baltimore, 552

1,6-2....

(additional)

Bulgarian, 951 — Halifax,

640

Philadelphia—To Liverpool, per steamers
....Ohio, 1,500

Lord Gough,

3,000

Total

The

particulars of these shipments,

form, are as follows:
'

pool. Havre,
814
New York.. 11,466
N. Orleans. 21,663 11,304
4,755
Charleston.
Savannah..
1,705 5,570

arranged in our

Bremen

Barce-

<£ Ham-

Liver-

The above totals for this week show that the movement from
the ports other than Bombay is 9,000
same
week last year. For the whole of India, therefore, the
ments this week and since Jan. 1,1882, and for the corresponding
-weeks and periods of the two previous years, are as




barks Betty, 3,770,

Texas—To Havre} per bark Dux. 1,303
To Vera Cruz, per steamer Whitney, 689
Norfolk—To Liverpool, per skip Stewart

bury. Reval. Iona.
1,333

344

4,600

Norfolk.... 12,263
Baltimore..
2,625
Boston

l,f91

Philadelp’a

4,500

552

19,056 2,230 5,933
344
Included in the above total from New York are
Total... 60.568

2.jL<>

hwl
4,o00
90,926

usual

Tern

Pasages
1,100

Total.
14,273
691 36.435
9.355

Crus.

7.275
689

1,368

Texas

12,263

2,057
12,263

3.177
1.591
4,509

"90926

1,100 1,330
265 bales to Glasgow*

1883.J

April 15,

CHRONICLE.

Below we give all news received to date of disasters
carrying cotton from United States ports, etc.:

to vessels

cent, bat in the main the crop is in a favorable
condition,
and at the beginning of the month the Illinois
crop seldom

Differin', bark (Br.), from Savauuali for Liverpool, before
reported having put back to Savauuah, with loss of rudder, com¬
pleted her repairs and went down to a cotton press April 4, for the
purpose of taking on board the portiou of her cargo discharged.
Cotton freights the past week have been ** follows:

adt

Satur.

Liverpool, steam d.

;

sail-.-fJ.

|

Do

Havre, steam....c.
sail
Do
c.

Mon.

TUC8.

11t4®14 b32® *4
....

|

sail..-</-

Do

....

3

Fri.

B32®14

B32®732

....

....

38*

38*

38*

....

....

....

....

V

3g*

38*

38*

....

.

38*

38*

....

....

,

.

,

m

m

m

•

m

38*

m

m

....

•

•
1

*

Baltic, steam—d.
Do
sail

5io'

616*

....

....

I4 ® 1

m

38*

[

—

....

....

....

B10*

Bie+

....

....

....

....

*4

< 04

....

....

Compressed.

Liverpool.—By cable from Liverpool,

we

have the following

statement of the week’s sales, stocks. &c., at that port:
Mch. 24.

bales.
Sales of the week
Of which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded...
Total stock -Estimated
Of wliiol) A nerican—Estira’d

Mch. 31.

6.

Apr. 14.

72,000

63,000

7,000
2,700

7.900
1,970

2.900

47.000

4^,000

3,600

35,000

6.900

4,100

17,500

13,500
814,000

15.500
835,000
560,000
78,000
48.500
422,000

461,000

191,000

221.000

....

776,000

Total import of tue week
Of wlncu American
Amount afloat.
Of which American. ".

A jtr.

537,000
102,000
48,000
411,000

413,000

202.000

201,000

551,000
112,000

60,000

50.000

49.500
6,500
3,800
33,000
7,200

7,000

$1 42% for June, $1 27@$1 28 for July and $1 22% for
August.
receipts at the principal Western markets still fall below
the shipments, and the interior
supplies are therefore being
The

steadily reduced.

hH

Amst’d’m, steam.c.
Do
sail.-.tf.

♦

Thurs.

....

....

sail.—c.

Do

630® I*

....

Bremen, steam, .c.

Hamburg, steam.rf.

Wednes.

promised better. The advance has kept trade within rather
moderate limits, especially the export business. ^
To-day the
market was again higher, but only
moderately active for
export; No. 2 red sold at $1 44%@$1 45 for May, $1 41%@

10,000

873,000
571,000
95,000
48.500

The tone of the Liverpool market for spots and futures each day of the

Indian

has sold

corn

freely at steadily-advancing prices,
owing to the improved trade and the continued smallness of
the receipts.
Speculative manipulation, as usual, has not been
lacking to assist the rise. To-day the market was fairly active
at a further advance; No. 2 mixed for
May and June was held
at 84c. and for July there were sales at
83%c.
Rye has been quiet but steady. Barley has been dull. Oats
have been irregular, declining heavily at one
time, but latterly
taking an upward turn again in response to an excited market
in Chicago, where the supply is
reported very small. To-day
oats were fairly active and firm, with sales at
59%c. for April
57%c. for May and 56%c. for June.
The following are closing quotations :
more

FLOUR.

No. 2 spring...$
No. 2 winter

1)1)1. $3 00® 3 85

Winter superfine

4 50®
4 25®
5 25®

3 25 ®

Spring superfine
Spring wheat extras..

4 00
5 00

Winter shipp’gextras.
do XX andXXX...

weekending April 14, aud the daily closing prices of spot cotton, have

been

as

Wheat—

Spot.
Market,

)

12:30 p.m

j

Tuesday.
inq.
freely

>>

Sales

x

rS

Firmer.

Firm.

6*8

65s

65a

61316

6l3j0

10,000

10,000
1,000

12,000
2,000

2,000
f—<

O

■

'

^16

678
14,000
3,000

3.

1

®1
®1
1 15
®1
1 44^2 1
1 30
®1
85 ®
87

Red winter
Red winter, No. 2

White
Corn—West, mixed
West. mix. No. 2.
Western yellow..
Western white
Southern white..
Soul hern yellow.

82
85
85
85
90

...

Boat loads

;

j’

Weak.

Steady.

Steady.

Quiet.

Flat.

Barely

(

•

.Steady.

steady.

Tuesday.

Delivery.

d.

Delivery.
d.
April
63964^3S64 July-Aug.. .CSi^-a^o^
Apr.-May...ti3964®3864 Aug.-Sept
....6»564
May-Juue ..C42(U@4ie4 Get.-Nov
632^
June-July ..6iG0‘4©-ty04 Sept.-Oct
6^64

,.6-to64®42rt4 July-Aug

G53«4
®^(34®

May-Jime ..G^3(;4®4464 Aug.-Sept
648^ i Aug-Sept.
6o2C4 I April

6Bj64

June-July
July-Aug.

Delivery.

d.

May-Juue.
Aug.-Sept.,
April-Mar.
May-June.

640^
6°404
63964
64164

G*>804
G4164

Apr.-May.
May-Juu«.
June-July
Aug.-Sept.

..

,

.

64164
....64304
64764
657e4

64264@43c4 June-July ..647^^48^ | Sept.-Oct..
64S64
Apr.-May.. 64->64®43h4 July-Aug
65364a>6464 | July-Aug.. 65304 S)o264
May-Juue ..O4304a>4464 Aug.-Sept..
Gy7fl4@58e4 | Aug.-Sept..
65704
..

Friday.

.644(J4 I July-Aug
-64464 | Aug.-Sept
..G4664 I Sept.-Oct
-•Gyle4 I June-July
-

June-July

65504 June-July
G«(>64 April
6yi04 Apr.-May
G5064 Aug.-Sept.

.65104
.G4564
.64504
.60104

BREADSTUFF S.
Friday, P. M.. April 14, 1882.

The flour market has been
very firm as a rule, the lower
grades especially, and some advance has taken
place, though
the export trade has
been but moderate and

mainly with the
Provinces, while the home demand has been fair. To-day trade
was in about the
same state with
prices, however, very firm.
%e flour and corn meal are dearer, and the advance in the
tatter increases the demand for low
grades of flour.
The wheat market has been
advancing of late, owing to cold,
unseasonable weather at the West.
Heavy rains have latterly
interfered with
seeding in many sections, and heavy snow¬
storms in Minnesota,
Dakota and in the Red River Valley, have
Added to the drawbacks. Floods
have also caused some damStill, while there is
likely to be a decrease in the springwheat yield in some
sections, it seems quite as certain that the
e
ciency will be made good elsewhere, though the season will
undoubtedly be later than was expected. Winter wheat has
^n
killed in

®
®

36
36
48
45
41

Mixed
White
No. 2 mixed
No. 2 wait©

6 25

5 10

3 75 3

4 10
4 50
190® 2 25
®

83kj

®

60

59
60

®
S>

63

61

S>

21
24
10
0)

#1 22

©1 25
®1 15

1 25
1 00
1 10

©1 40
@1 08
®1 15

..

..

Barley—
Canada No

88*4
87
90
95
90
92
94

59
*

1....

1
1
1
1

Canada bright...
State, 4-rowed...
State, 2-rowed...

®

..

Barley Malt—
Canada

State, 2-rowed...
Stale, 4-rowed

Receipts of flour and grain at Western lake
Flour,
bbis.
(196 lbs.)

Chicago

33.705

Milwaukee

41,495

Toledo
Detroit
8t. Louis
Peoria
Cleveland
Duluth

some




sections to the extent of from 6 to 10
per

Wheat,

Corn,

bush.
(60 lbs.)

bush.
(5 Gibs.)

83,638
101,965
85,384

281,581

7,108
1,872

36.655

78.885
18.250

29,939

83,725

765

6,425

466

5,450

24.705
148,039

306.575
327,700

16,576

Total..
115.350
Same time ’81. 193,793
..

..

421.818 1,185,735
887,9L3 1,892,744

and rive*’ purls

Oats,
bash.

Barley,
bush.

Rye,
bush.

(32 lbs.) (48 lbs.) (56 lbs j
348.292 24,274
4,665
13,490 2s,640
6,100
15,527
47.728 17,260
35
19.700
6,200
541
92,593
4.000 11,400
140,300
O.Oaj

677,630

86,424

570.773 169.384

Total receipts at same ports from Dec. 26, 1881, to
1882, inclusive, for four years :

22,741
22,325

April 8,

1881-82.

1880-81.

Flour

bbls.

1879-80.

2,169,705

2,413,596

1878-79.

1,573,815

1,862,485

Wheat

bush.

8.876,992
22,751.488

10,151.075
21,759,077

11.717.993

10,064.124

7,870,280

3,500.213
660,145

2,865.417
504,100

1,845.096

16,032,792
20,237,686
C,222,417
1,779,494
796,888

45,852,962

43,149,919

57,012 93G

Thursday.

April

Mav-Juiie

Western, &c
Brandywiue.
Buekw’t flour,100lbs.

for the week ending April 8, 1882:

Wednesday.

Apr.-May.

®
®

93L? ®

Atr-

April

8 00

Easier.

The actual sales of futures at
Liverpool for the same week are given
below. Tiiese sales are ou the basis of
Uplands, Low Middling clause,
unless otherwise stated.

Apr.-May.

Corn meal—

6 25®
5 75®
4 40®

(From the “ New York Produce Exchange Weekly.")

Market, /

April

Rye flour, superfine..

7 50

t Oats—

Spring.per bush. $1 15
1 30
Spring No. 2

Rye—Car lots

M

w

5 p.m.

Friday.

6 •3 ! g

Spec.&exp.
Market-,

Steady.

supplied.

Mid.Upl’ds

12:30 P.M.

Thursday.

Mod.

fcLia.Orl’ns

Futures.

Wednes.

family brands
ip’g extras.

South’ll sli

6 50®

GRAIN.

follows:

Saturday Monday.

$7 00® : 9 25

Southern bakers’ and

5 00

5 75
5 50® 7 65
6 00® 7 00
6 25 a> 7 50
5 25® 5 75
6 00® 7 50

do bakers’
Wis. & Minn, rye mix.
Minn, clear and stra’t

Patents

City shipping extras.

Corn
Oats

Barley
Rye
Total grain

....

37,025,662
5,785,83 i
638,351

4

5,069,277

Comparative receipts (crop movement) at same ports from
August 1, 1881, to April 8,1882, as compared with the pre¬
vious three years :

1881-82.
Flour

Wheat.
Corn

—

,

1880-81.

1879-80.

bbls.

5,654,504

1878-79.

6,087,726

4,772,566

4,607,041

bush.

33,881,573
81,783,513
25,879,609

63.347,918

2,965.906

70.013,996
78.716,192
19,209.089
9,697,8 K)
3,461,037

72,121,558
60,303,081
22.182,427
8,821,240
3,753,231

188,614.833

181,098,154

167,186,537

Oats

Barley

10,821,912
3,324,5 40

Rye
Total grain....

155,691,177

•

82,547,‘'85
28,999,785
10,753.239

Comparative shipments of flour and grain from the same
from Dec. 26, 1881, to April 8, 1882, inclusive, for four

ports
years:
Flour

Wheat
Oom
Cats

bbls.

bush.

Barley
Bye
Total grain....

1881-82.

1880-81.

1879-80.

2.020,893

1878-79.

2.379,416

1,323.7 1

1,922,682

4.612,890

5.497,199

18,308.589

15,173,088

9,301,800
12,555,977

7,943,921

6,766,914

1.559,434
664,569

7,088,253
23,657,904
4,096,983

1,558.285
724,219

1,076.539
487,792

1,391,990^

33,089.403

29.719,705

36.407.521

28,205>88»

4,458,281
497,902

Rail shipments from Western lake and river ports
weeks ended;

forth®-

THE CHRONICLE.

442

bblfl.

100,468

Wheat

hush.

85,565
566,586
622,312

OorD
Oats
Barley

Flour,
hols.

ending—

April

8...101.311

April

1... 110,090

Corn,

busk.

bush.

Tot.. 4 whs.459,221
4 W’k*'81.. 730,201

1,046.927
2,590,836

Philadelphia...
Baltimore
New Orleans...

4,699,433 2,047.568
6,630,174 1,670,026

343,709 112.124
271,617 264,034

seaboard ports for the week

Wheat,

Corn,

Oats,

Barley,

bbls.

bush.

bush.

bush.

bush.

54.268

128,822
13,075

35,073

180,376
72,645
2,600
10,647
40,427
7,500
43,962

39,110
7,200

24,563

8,300
39,200
75,700

19,157

36,550

76,108

14.341

.

95,412 25,077

650.021

Flour,

34,033
2,4S0
6,655
23,051
20,907

.

bush.

107.482 22,113
55,316 24,145
85,499 40,789

Receipts of flour and grain at
April 8:

Portland
Montreal

bush.

476,628
364,200
556,719

883,740
725.017
1,162,557

ended

.

Rye,

Barley,

Oats,

bush.

1,928.119

212,865
191,779

253,605
388,679

....

7,730,317 3,076,437

2,358,221

Wheat,

Mar. 25...102,165
Mar. 18...145,655

AtNew York
Boston

44,748

148,304

from same ports for last four weeks:

Rail and lake shipments
Week

512,037
83,906

72.758

1,394,952

Total.........

129,958
924.931
1,572.181
452.073
62,504

102,942

446,920
66,342

25,077

Rye...

April 10. April 12.

504,330 1,514,676
1,267,871 5,471,394

95,412

...................

Week

AprilO.
204,618

Aprils.
Flour*

1879.
Week

3 880.

1881.
Week '

1882.
Week

.

bush.

69,150
8,000

5,044

4,950
25,850

1,200
1,090
7,244
40,201

358,177 107.950
269,136 35,500

230,467
272,391
Total week... 155,733
Oor. week ’81.. 267.774 1,411,036 1,562,G04

Rye,

Total receipts at same ports from Dec. 26,1881,
1882, as compared with the previous three years :

to April 8,

1880-81.

1879-80.

1878-79.

Flour

bble.

3,137,357

3,688,825

2,477,801

2.884,058

Wheat
Corn
Oats..

bush.

7,502.606
9,562.006
5,657,386

15,149,647
23.096,622
5,639,890

12,757,464
35,819,435
5,272,154

1,748,031

1,538,849

1,313.910

22,167,817
27,606,038
5,017,860

24,620,051

45,948,927

55,491,012

1881-82.

Barley
Bye
Totalera’.n
~

....

318,013

523,919

150,022

Exports from United States seaboard ports

April 8, 1SS2:

Flour,

Wheat,

bbls.

bush.

From—
New York

74,720

Ronton

24.577

293, lo2
40,665

Portland

2,004

24,653

Philadelphia

2,730

for week ending

Corn,

Oats,

Rt/e,

bush.

bush.

bush.

267,788

3,093

....

Peas,
bush.
.

42,824

63,679

8,100
750

19,858

118.082

72,351

120

81,719

24

Total forw’k 124.059
Same time ’81. 144,720

553.211

401.592

1,974,800

2,032,408

Ralliinore.

New Orleans..

1,229,412
813,003
56,864,130

3,093
1,011

3,932

51,224
43.390

[Vol. XXXIV.

gate, sales of dress goods, prints, ginghams, lawns, &c., having
been interrupted by the low temperature that prevailed during
the greater part of the week.
Domestic Cotton Goods.—-The exports of cotton goods for the
week ending April 11 were 2,597 packages, including 1,563 to
Great Britain, 396 to Argentine Republic, 252 to Brazil, 113 to
British North American Colonies, 60 to Mexico, 60 to Uruguay,
etc.
Brown cottons continued in fair demand and prices
remain firm because of the light supply on hand. Bleached
goods were slow of sale except fine shirtings and wide sheetings,
in which there was a steady business at unchanged prices.
Colored cottons were in steady request,, and fair deliveries of
dyed ducks, denims, tickings, corset jeans, etc., were made by
agents on account of back orders. Cheviots were generally
sluggish, but some large transactions in cottonades were
effected by means of price concessions. Print cloths were more
active and prices ruled firm at 3Me. plus % per cent for 64x64s,
and 3 ll-32@3%c. for 5ox60s. Prints were mostly quiet and
ginghams were in light demand.
Domestic Woolen Goods.—The demand for heavy clothkg
woolens was only moderate, but there was a good steady move¬
ment on account of back orders, and leading makes of
cassimeres, sui'ings, cheviots, worsted coatings, &c., are so
closely sold up that prices are firmly maintained. Overcoatings
were in fair request, and there was a steady call for re-assort¬
ments of both light and heavy cloakings, Spring cassimeres
and worsteds were mostly quiet, but a few large purchases were
stimulated by means of lower prices. Satinets have not shown
much animation, and there was a sluggish demand for Kentucky
jeans ; but the best makes are held at unchanged prices. Dress
flannels were fairly active, but other descriptions ruled quiet as
usual at this stage of the season. Toules, nuns’ veilings and-,
specialties in worsted dress goods met with moderate sales, and
there was a fair movement in carpets at steady prices.
Foreign Dry Goods.—The main feature C4f the market for
imported goods has been that fine fabrics of nearly all descrip¬
tions have been relatively more active than the lower grades.
Medium to fine silks were in fair demand and steady, and nuns
veilings, satines and specialties in fancy dress goods were
distributed with some freedom. Housekeeping and fronting
linens were in moderate request, and Hamburg embroideries,
laces, hosiery and gloves, met with fair sales at steady prices.

supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, April 8, 1882, was as
The visible

at the

follows:

In store at—
New York
Do. afloat (est.)

Albany
Buffalo
Chicago
Dc afloat
Milwaukee
Duluth
Toledo
Detroit

..

Wheat,

Corn,

Oats,

Barley,

hush.

bush.

bush.

oush.

51,844

20,109

2,074,756
180,000

709,391
70,000

11,400

41,000

166,206

25,287

3,781,489
150,000

3,508,560

1,528,6 >7

23,679

788,310
479.993
200,759
15,000

Oswego..

442,603

St. Louis
Boston
Toronto
Montreal

3,513

356,617
54,861

Down

..

Mississippi.

On rail...*
On laVf»

19,961
4,960

193,152
44,103
75,000

77,205
2,494
29,109
447

22.880

181.349
127,300

666,086
1.338,653

6.634
657,312

.....

GOODS

......

r*

©!

21
I—*

995.941

1,237.232 1,011.599
1,602.106 1,073,752
1.869,8 >3 1,091,706

417,491

April 14, 1882.

past

week, the weather having been unseasonably cold, and unfavor¬

fabrics.
The demand at first hands was chiefly of a hand-to-mouth
character, but some large orders for cotton goods were placed
by exporters, and liberal price concessions enabled agents to
make considerable sales of light-weight clothing woolens and
cottonades. The jobbing trade exhibited the same irregularity
reported of late, and while a very fair business wasdone b y
certain houses, transactions were only moderate in the aggre¬
summer

Flax Silk Cot n Wool

Total

cotoucx

©if-

1—

a* to

310

r*

"rfi*

00

CO

1—

to CD
cw

-4XX©-4

jp-aococ; w
CD >“,7| CD Cl
0.4- a« x 4to od —• a od

1

-

17 ,503

©-1
r-O

cs-: topi at
7*7t w*—*at

it* a*
it- CD

c t- co ai a<
-4 0 to oc to

]

38,09.541!

to
cox

MMM t-tO

be to

c'aioVto

<X l->

CIO-

C0+-|UtcC5
©

pi to JO id

totooicoT*

©>e*

it- a« i~*

CD CO

a»

to

I-

ro

lt-^1

—

co 0:

►-* cd-*j

•4

to CD

7-co

Ci

c ©

CD 4- X ai

Ci

01

»c a» —

7*
to

rC

7*

7-

-

ENTRD
FOR

4-

MH

plj—

K

3B
g

of—

is

i~> tO

tO

Total

t

1

CO

00 -4

•»

23,577

l.OSO 984

and

a»7-

Cl CO

939.088

Flax Silk Cot n Wool

of

i-1

©**

CD

TRADE.

able for the distribution of many spring

1

a»

19,200

933.233

d

on

week
facts

-

of—

1

it* Cl
-4 to

21,025

1,766.072

Total

CD

......

Total

Flax Silk Cot n Wool

CD

dry goods trade has not displayed much activity the




the

a>

100,912

Ent

M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
n
o
u
.
market. forcnsumpt.
port. forcnsumpt.
at

108,301
4,227

10,043

Friday. P. M.,

The

5,777
2,570
8,000

5,599
103 691

682.556

DRY

101,414

Total Ent’d

.

8,•’32.. 11,732,326 8.913,448 1,529,799
April 1,’82.. 12,101,735 9,690,651 1,682,691
Mar. 25,’d2.. 12.562,355 10,114,932 1.759,102
Mar. 19,’82.. 13,415,924 11.842.896 1.990,304
Mar. 11, '82.. 14,452.348 12.928,173 2.022,885
Apr. 9, ’81.. 20.723,131 13,467,447 2,948,583

THE

......

2,530
235,100
29,758

15,197
52.937
6,693

733,433
161,230

Tot. April
Do.
Do.
Do.
Do.
Do.

2,677
369,338

......

7,798

137,435

City

163,748

3,204

119.571
17,300

Indianapolis

95.752
16.00U
68.000

......

......

19,454

240 200

Rnlrtmore

259,061

425.000

107,587
52,420

117.024
12.296

Kansas

33,500
95,014
116,120

57,055
143,054
145,655
36,500
90,916
403,086

Peoria

Philadelphia

105,000
19,000

Rye.
bush.

Importations of Dry Goods.

importations of dry goods at this port for the
ending April 13, 1882, and since January 1, and the same
for the corresponding periods of 1881, are as follows:
The

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