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HUNT'S MERCHANTS’ MAGAZINE,
ikwgflape*,
&
v
'
representing the industrial and commercial interests of the united states.
[Entered, according to act of Congress, in tlie year 1881, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
YOlTs^
SATURDAY, APRIL 16, 1881.
The
Hr.
Financial Situation
Wiudom’s Substitute
Re-Funding
Mr. Gowen
for
aud the Reading
Railroad
Must be
Legislation Whieh
reduced, until on September 1 the holdings
were only 162
millions ; now the Treasury reports that
there was 199 million dollars of the same kinds of currency
Opposed
THE
Source
405
Silver Production as a
of Wealth
406
United States Treasury
ment
and
English News
408
409
State¬
Commercial
Commercial and Miscellaneous
BANKERS’
Money Market. U. S. Securities, Railway Stocks, Foreign
Exchange, New York City
Banks, etc
THE
CHRONICLE.
407 Monetary
News
410
410
411
GAZETTE.
427
428
422 I Breadstufts
423 | Dry Goods
Cotton
Site Chronicle.
.
The Commercial and
Financial Chronicle is issued every Satur¬
day morning, with the latest news up to
midnight of Friday.
Y., as second-class
[Entered at the Post Office at New York, N.
mail matter.]
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WILLIAM B. DANA,
\
WILLIAM B. DANA & CO., Publishers,
JOHN G. FLOYD, JR. j
79 & 81 William Street, NEW YORK.
London and
The office of the Chronicle in London is at
Post Office Box
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is
T3F A neat file cover is furnished at 50 cents; postage on the same
17 cents. Volumes bound for subscribers at $1 20. A complete set of
the Commercial and Financial Chronicle—July, 1865, to datecan be obtained at the office.
THE FINANCIAL
SITUATION.
Monday of the Treasury pro¬
gramme for which Wall Street has been anxiously waiting
so long,
has furnished the topic of discussion for the
week.
We outlined the plan briefly in our last issue ; to¬
day we comment upon it in a subsequent column, and in
our news
department give the official circular.
Of course every one is seeking to forecast the effect on
The announcement
on
With regard to
money, the better opinion seems to be that the prospective
Treasury movements have settled the question in favor of
continued ease during coming months.
In the first place,
our
markets
of
these arrangements.
the evident result will be to draw down and set afloat
Government balance, which is now very large.
stance, on the first of April, 1880, the Treasury
the
For in¬
held of
gold, legal tenders, and national bank notes only 172 mil¬
lion dollars, and in
subsequent months this, balance con¬
on
favor
and of 27
the Secre¬
under the Sundry Civil hill has the right to
hand
April 1.
Here is an excess of holdings in
of this year of 37 millions over the lower,
millions over the higher total.
Besides that,
tary
use
j Quotations of 8tocks aud Bonds 416
I New York Local Securities.... 417
I Investments, and State, City
413 | and Corporation Finances... 418
COMMERCIAL TIMES.
Commercial Epitome
NO 825.
tinued to be
CONTENTS.
THE
~~~
discretion other funds he holds ;
at his
and
as
it is *
the 105 million of
unless he needs them, it may he pre¬
the Summer his balance will be drawn
down to a considerably lower point than last year.
Then
again—and this we deem a very important circumstance—
this arrangement with regard to the maturing bonds
fixing the interest at 3£ per cent, will enable the banks to
take out circulation, which they will at once proceed to do.
According to all appearances, Mr. Windom’s offer will be
readily and almost universally accepted on the 6s, and after
that the same arrangement will be extended to the 5s with
equal success. The probability would seem to be that this
very clever device will do away with all necessity for a
refunding bill and that the bonds will be left as they are
until they are paid, as no better terms for the Government,
and probably not so good, could be made by funding next
year.
For these reasons it is believed the banks will be
active competitors for the bonds, and that under them
there will be a decided tendency towards an expansion of
evidently his policy not to put out
unissued 4 per cents
sumed that through
bank currency.
This latter
fact, taken in connection
with the large
presumption of a
plethora of money during coming months ; and that condi¬
tion, under the circumstances—whether desirable or not—
is likely to foster speculation.
Wall Street, however, was
arrivals of
gold, evidently leads to the
view, its disappoint¬
ment growing out of the circumstance that any consider¬
able displacing of investments did not appear probable
under the Government plan.
This feeling of depression
was further encouraged by the news of cutting of rates by
the Trunk-line roads, caused in part by the competition of
the Mississippi River route, and the speedy opening of the
canals ; and also by the threat of legislation adverse to
the elevated railroad lines, and several other similar un¬
settling causes. In fact, it would seem as if speculators
had tired of the dullness which has prevailed for the past
week or more, and had determined at least to make the
market active ; since, under existing conditions there was
nothing upon which they could advance prices, they daily
made attacks upon the most vulnerable points, as the
inclined at first to take a different
granger
railroad
until
stocks, the Trunk-line shares, and the elevated
properties.
This was more or less successful
Thursday afternoon, when a more
reasonable view
THE CHRONICLE.
406
prevailed, and the market turned upward and closed
strong. Yesterday was a partial holiday, and mo business
the Exchange.
The first effect of the Treasury announcement upon the
Government bond market was to depress the 4 per cents,
was
transacted
on
ground that there would be no demand for them
from the banks, as the banks would not be required to disturb their 6s.
But subsequently the 6s came into active
request and the 4s recovered on the idea that the success
of the present arrangement would lead to the Treasury
offering no more than 3 per cent in extending the 5s, and
that therefore the 4s would then be regarded as a more
desirable security for circulation, since even at present
quotations they would yield a little more than
per cent.
"We cannot believe, however, that Mr. Windom will think
it best to make any change in the arrangements with re¬
gard to the 5s. What we have said above shows what is
really the key to the success of the proposal respecting the
6s; that is, that the banks want them for circulation because
there is a fair profit in issuing circulation on such a bond.
But if the rate is put at 3 per cent, while the Government
retains the option, as it must, to pay the bonds at any
moment, the whole situation will be changed.
The flow of gold from Europe has continued to increase
in volume during the week, every steamer bringing
more
or
less, and the cable almost daily announcing
withdrawals of bullion from the Bank of England for
shipment to this port. The arrivals since our last have
amounted to $4,891,928 and the shipments reported by
cable to $1,500,000.
This makes over $3,000,000 known
to be in transit ; but doubtless large shipments have been
made from London, Havre and Hamburg of which the
on
[Vol. xxxu.
in securities is shown
by the following table, which giTQ3
the relative prices in London and New York at the opening each day.
April 12.
April 11.
Lond'n
April. 14
April 13.
^prfl 15,
n.y. Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
prices* prices. prices.* prices. prices* prices. prices.* prices.
the
U.S.4a,c.
118*85
US.Ss.c.
10210
con.
10319
114*
102*
-47*
102*
47-84
Erie
2d
Ill. Cent.
137 34
137
N. Y. C..
146-56
145*
Reading
31-25+
62
11385
114
10210
102*
46*
114* 113*85 113* 11385
102* 101*01* 102* 101-01*
47 23
46-63
4687
46*
46*
102-71 102* 10295 102* 10271
13759 136* 138-62
137 35 136
144-62 143*
14535 144* 14377
31-25i
3O"70J
60*
61* 31 37+
«e
v
102
3
o
136
143*
62*
a
Exch’ge,
4-84*
4-84*
4*84*
4*84*
Expressed in their New York equivulent.
+ Reading on basis of $50, par value.
cables.
*
t Ex interest.
Note.—The New York
cable transfers, which
equivalent is based upon the highest rate for
ordinarily covers nearly all charges, such as
interest, insurance and commissions.
Money has been in fair supply on call at the Stock
Exchange. The domestic exchanges at Chicago and St.
Louis have risen, the rate at the former place standing par
to 25 cents per $1,000 discount, and at St. Louis 25 cents
per $1,000 premium.
This indicates a further turn
upward at Chicago sufficient at least to check the flow of
currency from New York to that point.
Boston is still
drawing upon this centre, and the rate there is down to 25
cents per $1,000 discount.
The Treasury operations since
Friday inclusive have resulted in a loss, which is a gain to
the banks, of $4,346,130.
The net loss by the Treasury
yesterday was $1,472,431. The payments have chiefly
been for Assay-Office checks, and about $1,000,000 for
called bonds.
amounted to
payments by the Assay Office have
$4,804,136 and there are about $2,500,000
The
bullion to be settled for.
The last bank statement
was
rising averages, therefore this week it
cable has made no mention.
The Paris correspondent of should show a gain in reserve. The following exhibits
the London Economist in correcting the dispatch to the the gold and currency movement by the leading city
effect that the Bank of France is paying three-fourths gold banks for the week ended Thursday.
“the Bank is very chary of its gold. That which it
pays is principally in pieces of ten francs, which are almost
useless for export, and it gives gold only in small sums as
doubtless made
says
u
“
“a
-
Currency
Gold
The Bank of England return for
loss of £730,000 bullion, and the pro¬
favor to customers.”
the week shows
a
portion of reserve to liabilities is down to 43 J per cent.
Last January, after there had been a sharp fall in the per¬
centage, the rate of discount was raised to 3£ per cent.
A similar course may not be taken now unless the drain of
gold should continue heavy. The Bank of France shows
a loss of
8,728,000 francs gold and 1,925,000 francs sil¬
ver.
The following shows the amount of bullion in each
of the principal European banks this week and at the cor¬
responding date last year.
on
Total
The Bank of America received
Received.
Shipped.
$958,400
30,000
$496,000
755,000
$988,400
$1,251,000
$2,000,00u gold during
the week from the associated banks for
ME.
deposit in the vault.
WINDOM'S SUBSTITUTE FOR
REFUND¬
ING.
The best commendation Mr. Windom
the
could receive of
plan he has adopted for refunding the debt is
the character of the criticisms which have been
it.
No
one seems
to claim that the
probably
made upon
Secretary is not propos¬
remarkably clever and favorable arrangement for the
Government, nor that he is not doing the fair thing towards
Silver.
Gold.
Silver.
Gold.
the bondholder, nor that it will not be successful, nor that
his plan is not wisely conceived so as to disturb as little as
£
£
£
£
28,233,387
26,225,380
Bank of England
possible the industries of the country. On the contrary, it
23,566,232 48,983,030 32,617,212 50,161,313
Bank of France
would appear that every' interest of the Government, the
9,153,508 19,284,482
9,532,000 19,064,000
Bank of Germany
bondholder and the people is protected and benefited by
58,945,120 68,267,5 J 2 70,432.599 69,225,313
Total this week
60,125,549 68,649,012 70,469,030 70,154.749 the
Total previous week.
arrangement, but—what?—the Secretary has no
The above gold and silver division of the stock of coin of the
authority;—what for?—(1) for extending a loan; (2) for
Bank of Germany is merely popular estimate, as the Bank itself gives
information on that point.
putting out a new 3| per cent bond; (3) for agreeing to
Foreign exchange has been steady this week. The de¬ pay interest after- the call matures.
The only force these points possess is in their assumption
mand has chiefly been for remittance for gold and United
Mr. Windom evidently
States bonds imported, and the supply has come from bills of facts which have no existence.
drawn against securities bought in our market for Euro¬ does not extend any loan.
None of the bonds are due.
Those issued under the acts of July 17 and August 5,
pean account, the outflow of which has been large during
the week.
Were it not for bills made by this movement, 1861, are, according to the first section of each act,
redeemable at pleasure after twenty years; ” those issued
it is thought probable that rates would have advanced,
although the market will be likely to receive a supply of under act of March 3, 1863, are “redeemable at the
commercial bills within a few days which will check any !
pleasure of the Government after such periods as may
be
fixed by the Secretary, &c.” Only the option has come
decided rise. The margin of profit in cable transactions, *
April 14, 1881.
ing
April 15, 1880.
no
“
“
“
a
affected
bv the arrangement; no right the Government possesses is
d^not thebonZ Even this option is in no way
assumed. The holder
simply brings his bond there and without getting any new
agreement from the Government whatsoever, lets the Gov¬
ernment give him another bond like the present, only
reading that hereafter and until paid the interest shall*be
3-| per cent. There is not a shadow of evidence that this
arrangement makes a new bond or extends an old one,
but the facts are clear enough that it does neither.
waived* no
407
THE CHRONICLE.
16, 1881. "I
f toil
obligation on its part is
these bonds are outstanding and
bank currency will not decrease but
tend to increase, for there is a fair profit in issuing cur¬
rency under a 3£ per cent bond; and hence that irritating:
question, which the fifth section of last winter’s funding bill
raised, is lifted out of the reach of—or if not strictly out of
the reach, at least out of the probabilities of definite
action by—Congress.
Then again, what a relief it would
Besides
that,
so
long
as
not much above par,
be to
our
cussion in
industrial interests if there need be no more dis¬
or
out of
Congress about refunding measures;
for while such discussions
are
in progress our money
other point urged, that the issuing of the call stops
market, and consequently enterprise of every kind, is in
all interest at the maturity of the call, although plausible, is
constant uncertainty, and therefore under a fear of what
an assumption without sufficient fact to support it.
The the Treasury
Department will do next. It will be a happy
law with regard to that matter is simply that the Secretary
day for the country when governmental influences are
is “ authorized with any coin” which he may have or obtain
wholly eliminated from those hanging over or affecting
for the purpose “ to pay and cancel” any bonds which may
our money market.
We say, therefore, that Mr. Windom
become redeemable; the mode of procedure is to give
has devised and adopted a very happy conceit, for he has
notice that they will “be paid and canceled,” and if the
not only bridged his present difficulty—given us as low a
Secretary gives any such notice, three months after its
So the
advertised
“to
provision is
simply to indicate to the Secretary how he can stop inter¬
est when bonds are called for payment and not presented.
This weapon is put into his hands that he may be able to
date
the interest on the bonds “ so selected and
be paid shall cease.” The purpose of this
could hope to secure on an
optional bond—but has made it entirely unnecessary for
the next Congress to touch the subject of refunding.
rate of
MR.
interest
as
any one
GO WEN AND THE
READING RAILROAD.
long-continued struggle for the control of the
the presentation for redemption. But in this case
the Secretary has made no such call; he has only directory of the Philadelphia & Reading between the
McCalmont interest and the Gowen party, has culminated
announced that he will pay July 1 all of the bonds desig,
this week in the decision of the Court of Common Pleas
nated by him which are not presented for exchange on or
before May 10.
That is to say, he has not designated all of Philadelphia in favor of the former.
It will be remembered that the annual election, which
the bonds for payment and cancellation, but only such as
was to have taken place January 10, was postponed to
the holders do not present and agree to take 3£ per cent
on hereafter.
To such as come in under the proviso, March 14, at the instance of Mr. Gowen. On March 14,
Mr. Gowen, finding a large part of the stock for which he
the notice of course does not apply, for as to them it is
within neither the letter nor the intent of this provision held proxies had not been registered the required length
The
force
time, and fearing that this would be ruled out by the
He
But all that kind of argument will seem to the public Court, concluded to stay away from the meeting.
based his action on the idea that the meeting could be
very captious and the issue raised an extremely trifling
one—a mere quibble to rest opposition upon;
For the considered a special one, at which it was necessary that a
truth is—and this is within the comprehension of every majority of all stock outstanding should be represented.
one—Mr. Windom has been wonderfully happy in his At an annual meeting for the election of directors a
choice of a method!
Congress left him with these majority is not required. The Court, however, now de¬
cides that the meeting of March 14 can not be considered
options maturing, with no money to pay the bonds, with
interest ruling on Governments not over 3£ per cent while a special one, but must be regarded as a deferred meeting
it was paying 5 and 6 per cent, and -with the entire busi¬ for the purpose of performing the annual duty of electing
directors, and that, therefore, the McCalmont ticket, headed
ness interests of the country praying not to be disturbed
through refunding by the forced withdrawal of bank by Mr. Frank S. Bond, has been duly elected. Mr*
currency or otherwise.
Having these as the conditions Gowen’s only recourse is an appeal to the Supreme Court
This
to be met and provided against, and so few expedients of the State, which it is understood he will take.
within control, he has contrived an arrangement which will occasion further delay, though there is little proba¬
will leave the whole subject, just where it is now, when bility that the decision will be reversed.
But as to any change of control of the property with aCongress comes together in December, except that in the
meantime and until a plan of refunding is perfected, the change of directors, there cannot be any immediate pros¬
bonds will draw and the Government will have to pay pect. The three receivers still continue in possession, and
only 3J per cent interest instead of 5 and 6 per cent. with them Mr. Gowen’s counsels usually prevail. For the
Furthermore, the plan is going to work without a jar—it present, therefore, he must continue to have the manage¬
will be successful beyond all anticipation.
Now does it ment of the company’s business, and the new directors will
of
of the law.
charlatanry, for a person to stop and quib¬ have comparatively little power to interfere. Except as
ble over the wording of a
notice with such a result as that respects what falls within the province of the stockholders
achieved ?
alone, and outside the duties of the receivers, the new
But there is still another feature, and for the Govern¬ board will be able to do nothing to obstruct the manage"
ment perhaps
the most favorable one of this arrangement, ment of affairs. But in the matter of the deferred-bond
not smack of
which
has
not
have
seen—and
with
the
been
that
commented
is,
on
as
far
that it wholly does
we
necessity of ever passing a refunding bill.
In fact, would any refunding bill that has ever been
devised put the Government and the country in so satis
factory a position ? After all the 5s and 6s have been
changed there will be a 3£ per cent loan, all placed and
yet payable at, and only at, the pleasure of the Government.
likely that
it was for
this reason, doubtless, that Mr. Gowen fought so strenu¬
ously to maintain the old board of directors in power.
By the order of the United States Circuit Court at Phila¬
delphia, February 14, the sanction which it was supposed
was given to the schemes by a previous order of the Court,
was declared to be beyond the power of the Court to give;
and the general mortgage, it seems
away the directors will have supreme control, and
as
scheme
V
408
THE
'
CHRONICLE.
[Vol. XXXII
dence of the State of New York, goes pop througlTthe
opinion was expressed that it was a matter
Assembly with only two dissenting votes.
which should be left to the company in its corporate
So far as we can learn, but few persons, either lawyers or
Capacity, the power to be exercised according to the
laymen, have any idea what this code really contains. "We
leges of its charter, and that approval or
doubt whether one in a hundred of those who voted for it
the course of action taken by the directors could be has read a dozen of its provisions. And yet it is,
briefly
expressed by the stockholders at or by the election. speaking, a collection of over two thousand sections, cover¬
Decision upon the motion for an injunction against the
ing almost the whole law of the State, including definitions
schemes was postponed, and has not yet been given, but it
and maxims, and abolishing the common law bearing oi
is possible that the Court would not interfere if the new
the subjects included.
A lawyer who has examined it
board arrived at the same conclusion as the old board and tells
that
us
it changes existing laws in over a hunapproved the plans.
dred particulars, affecting in many ways the private rights
It is yet too early to form an opinion as to what the new
of every person in the State.
Let us mention, by way of
management intend to do; but as regards the deferred illustration, a very few of these changes which we have
bond plan, as the bonds have all been subscribed for and
hastily selected.
the money is to be used to retire pressing floating obliga¬
By section 1,762 it is required that notice of protest
tions, and no addition will be made to the company’s must be
deposited in the Post Office in time for the first
annual fixed charges, it would certainly seem advantageous
mail which closes after noon of the first business day
to allow the scheme to be perfected.
In the case of the succeeding
the day of dishonor, and which leaves the place
general mortgage, too, if there is a prospect that even a where the instrument was dishonored for the place to
part of the bonds can be refunded, and thus a saving in which the notice is sent. It will be necessary, therefore,
interest be effected, the idea should most assuredly be
not only for a notary to put all his New York notices in
carried out. There is no reason to suppose that the new
the post by 12 o’clock, in order to be safe, whereas now
management is not as competent to deal with these ques¬ he has the entire day to do it in, but it will be further
tions, or to carry the plans into successful execution, as the
necessary that if a note is held in New York and payable
and the further
privi¬
disapproval of
On the contrary, while
receive full credit for having suggested
old
one was.
Mr. Gowen should
and elaborated the
Brooklyn, the notary should, after making the present¬
Brooklyn, take his notices to that city and deposit
them there before noon of the following day, instead of
in
ment in
questionable whether, if the old Board
and he had full sway as heretofore,
depositing them in the New York Post Office at any time
his sanguine temperament would not ere long again lead
during that day, as he may now do. For it will be noticed
him into serious errors, and in this way counterbalance
that the deposit must be made in the Post Office of the
any good that would otherwise accrue.
It was Mr. Gowen place where the paper was dishonored. Can any one give
who advised the purchase of the coal lands and thus in¬
any good reason for these new requirements ?
volved the railroad company in a large and constantly in¬
The provisions of law respecting landlord and tenant
creasing amount of indebtedness. It was Mr. Gowen who also experience great change. At present a landlords
took so favorable a view of the future that he continued to
required to do only such repairs as he agrees to do, except
pay dividends on the stock some time after there was indeed those which are required of him by the municipal
warrant for doing so.
It was Mr. Gowen who estimated, authorities. It is proposed, however, in section 990, to
only about four months before the failure of the company, change this by expressly providing that the tenant must do
that the concern was in a position then to earn not only all
sueh repairs as are occasioned by his own ordinary negli¬
its fixed charges, but 12 per cent besides on the stock. No
gence, and that the landlord must put the building in a con¬
one has ever denied to Mr. Gowen ability of a superior
dition fit for use and repair dilapidations.
A right is
order, but his extreme optimism has frequently led also
given to the tenant, after notice to his landlord, to
him
into courses that more prudent men -would
repair dilapidations himself and deduct the expense from
have
avoided. He has never been able to see the
the rent.
We can hardly conceive of any provisions
less favorable side of a question, and as a consequence the
likely to be more fruitful of disputes and litigation than
company is now weighted down with a load of debt under these.
The present rules governing the relation of land¬
which it will suffer for many a day to come. While
lord and tenant are sufficiently explicit, and are thoroughly
saying this much we do not fail to recognize his ardor on understood, and the policy of changing them at all seems
behalf of the company, or his close application to its busi¬
to
to be a very doubtful one.
We notice, too, the
Nor do we forget that he has now become familiar
further provision in section 998 that one who hires a part of
with every detail of its affairs.
This knowledge, indeed,
is entitled to the whole room, notwithstanding any
is invaluable in any attempt to arrive at a correct under¬
agreement to the contrary, and that if a landlord rents a
standing of the company’s complex condition, and it
as a dwelling for more than one family, every tenant
would be well if Mr. Gowen, in his capacity as receiver,
in the building is relieved from all obligation to pay rent
could be induced to work in harmony with the new
to him while such double ‘ letting continues.
This latter
directors.
His power to be of great service in this respect
penalty seems to prevent the collection of any rent from
is unquestioned.
any tenant in ,any portion of the building for the time
during which the landlord may have been guilty of any
LEGISLATION WHICH MUST BE OPPOSED.
such gross impropriety as letting a single room to two
Our State Legislature is just now in danger of giving
sewing women with a child each.
proof of the wisdom of an old lobbyist, who used to
But there is one section, 1,863, which will affect, with
say that the easiest mode for securing legislation was to
We all
administer it to our law-makers in bulk. In that shape they peculiar force, the stock brokers’ business.
remember the cases of apparent hardship which resulted
will, he said, bolt it as a Hoosier does his food, whereas in
from the strict construction of the Court of Appeals,
piecemeal it would be quarreled over a whole session with¬ which held it necessary that all stocks pledged on
out results.
This winter, oleomargarine has occupied days
be sold out under the rules govern¬
and weeks of time, and apparently is no nearer settlement margin should
than when the bill wa-s introduced ; but Mr Field’s ing ordinary cases of pledge, and allowed damages to
the extent of the highest value that the stock jnigW
Civil Code, which changes the entire system of jurispru¬
propositions, it is
remained in control
us
ness.
a room
room
new
now
April
16.
THE
1881.]
before the
day. of
trial.
Subsequently,
of Appeals reviewed the point of
damages, and limited’it to the price that the stock might
attain within a few days after the illegal sale, stating very
reasonably that the owner of the stock might have replaced
it at such a price if he had deemed it proper to do so, and
that it was extremely improbable that he would have field
it and sold it out at the moment when it had attained the
very highest price.
But now the Code proposes to restore
the old rule, and stock brokers are in danger of finding
themselves exposed to all the severe consequences which
followed from the rule now proposed to be made a part of
however,
but the owners
our
provisions with
xegard to railroads are inserted, and that no common
carrier is allowed to limit his common law liability except
by an agreement in writing, signed by the shipper.
Further, the Code makes no provision exempting railroad
mortgages from the necessity of being filed and renewed as
chattel mortgages. The provisions respecting the filing of
such mortgages apply as well to those made by railroads as
that stringent
by other mortgagors.
Perhaps, however, one of the
this Code contains is section 543,
most vicious provisions
which provides, contrary
to the present decisions, that no person having any “ insane
What may not
delusion ” is competent to make a will.
hereafter be called an insane delusion, if this change is
of the mines and a
small body of laborers
employed in them.
a strange glamour surrounding this question of
precious metals that obscures the real issue ; and until
sweep away the rubbish, we shall not reach the true
who
the Court
statute law.
We notice, moreover,
409
CHRONICLE.
are
There is
the
we
facts.
What
are
the true facts ?
We have brought our
entire
and domestic, to the gold standard ;
being the producers of cotton, of corn, of meat, and
of other substances that Europe must tako and pay for in
whatever coin we choose to demand, or else starve, wo
command the gold coin of the world, and could do so if
traffic, both foreign
and
produce an ounce ourselves.
We have commanded it to flow into our coffers, and it
has come ; and it will continue to come until we shall bo
forced to spend it because we shall have so much that wo
In witness of this,
shall not know what to do with it.
there is at the moment a larger quantity of gold in tho
Treasury of the United States than was ever accumulated
at one time and in one place before.
we
did not
We
are now
called upon to
give up this vantage
ground,
gold standard on which the whole commerce of
the world is, has been, and will continue to be transacted,
whether we like it or not;—we are called upon to give up
this vantage ground, disturb all our exchanges, inject
another element of confusion into our monetary system, all
in order that we may make a market for silver.
The largest production of
Let us consider the facts.
to
leave the
expression does not mean insanity. A silver that we ever made in any one year, was $47,000,000;
delusion is simply a deception, something that misleads and for a few
years it averaged, say, about $40,000,000 ;
the mind. Whately says that “ a fanatic, either religious in which
years the great bonanza kings accumulated their
or political, is the subject of strong delusions.’*
So an fortunes.
insane delusion” might be held to be any unsound fancy
It is safe to say that in these years of large production,
which misleads in any degree and influences one’s acts.
at least twenty-five per cent of the product, probably a
Even the mind of the sailor, who refuses to sail on Friday,
great deal more, went into the pockets of the legal or
might be found wanting weighed in such delicate scales. astute owners who had secured the control of the stamp
And only think how wide open such a provision would
mills, fuel supply and other appurtenances with which
throw the door for that most objectionable of all litigation,
the ore3 of the bonanza mines were converted into
the contesting of wills, and for the disclosure of the secrets
bullion ; in the average of these years in which tho
and privacy of the family circle.
production was $40,000,000, not over $30,000,000, proba¬
We have thus called attention to a very few of the
bly much less, went to sustain the laborers who did the
changes which this new Code proposes to make in the law. work and to pay their wages. Their wages are notor¬
We have not time to multiply them, although it might be
iously very high in money, although the money at the
done advantageously.
We might speak of the extraord¬ mines has not very great purchasing power.
inary changes in the domestic relations and in the
How many men will $30,000,000 pay at the average of
made ?
Such
an
“
“
laws of
descent.
There
are,
of course,
new
features
$3 00 a day, $3 00 being rather a low standard for
desirable, but this is not the miners’ wages? At the Comstock lode they are $4 00
point. If any one of these subjects had come before the below and $3 00 above ground. They are not apt to
Legislature solely and on its own merits, it would have been regard Sundays very much in mining camp3, but for
carefully considered and acted upon by an intelligent vote; this purpose we will admit that miners only work
but as they all come now together in a lump, our legisla¬
three hundred days in the year, like other people.
Tho
tors seem to consider it proper to
pass them with¬ smaller the number of days we take as a divisor, tho
out
thought or consideration. We are glad to see the larger the number of men we shall find to be em¬
Law Association has taken up this matter, and we think
ployed. Thirty millions a year, divided by 300, gives
our merchants and bankers and brokers should all of them
$100,000 a day spent ; and $3 00 a day would cover
joim in the opposition to such hasty and unadvised
the work of thirty-three thousand three hundred and
legislation.
thirty-three men and one boy ; and that is all. Somebody
may say that there was another large force engaged in
SILVER PRODUCTION AS A SOURCE OF
trying to find more silver mines. Suppose there were double
the number supported in that unprofitable employment.
WEALTH,;
The more there are of that sort, the more burden comes
f Communicated. ]
The whole discussion of the so-called silver question has, on the country to sustain them. Somebody had to make
by the advocates of silver, always proceeded upon the idea the crops, the garments, the boots and the tools that they
that because wTe are large producers of silver it is therefore used, and their support comes out of the victims of the
°f great
importance to the nation that its price should be speculators in silver mines.
It would be by no means wise to undervalue the effective
sustained.
Iu point of fact, if every silver mine in the United labor of 33,000 men ; but these men would not have been
States should give out, and we ceased to produce an ounce, under the necessity of ceasing to work if there had been
would not be of the slightest consequence to any one no silver mine to work ; on the contrary, they might have
in the Code that appear
to us
THE
410
CHRONICLE.
engaged in some more profitable employment, under
much better conditions of life, subject to much less hard¬
ship; and engaged in adding to the capital of the country
semething which the country really needs, rather than
increasing the stock of a metal of which there was already
more than the country could use.
It is doubtless true that there has been and is this large
additional number to whom I have referred, who have not
and never will succeed in producing any silver.
That
-condition is perfectly consistent with the best estimate that
I have been able to obtain—an estimate made by the
owner of one of the largest ore-reducing works in the
world—that every silver dollar’s worth of bullion that has
been extracted from the silver mines of the United States
in the last ten or fifteen years, has cost at the very lowest
two gold dollars worth of labor.
That is to say, that if
the work of fifty or sixty thousand men that have been
engaged in producing or trying to produce silver, had been
applied to some other useful purpose, such as mining iron,
mining coal, or agriculture, the value that they would have
added, to the stock of the country would have been twice
Leen
the value of the silver.
$4,843,012
Called bonds and interest
Old debt
Gold certificates
Silver certificates
Certificates of deposit
806,679
6,171,800
50,178,900
Balance, including bullion fund
Total Treasurer’s general account
Less unavailable funds
ASSETS, APRIL
we are
6,805,000
151.987.273
$231,515,474
700,781-
$230,014,692
$315,160,985
1, 1881.
Gold coin
Gold bullion
Standard silver dollars.
Fractional silver coin
Silver bullion
Gold certificates
Silver certificates
United States notes
National bank notes
National bank gold notes
Fractional currency.
4,017.77C
142.90C
10,733,085
21,338,197
4,170,719
151,125
61,165
11,803,965
727,772
3,179.00C
..
Deposits held by national bank
depositaries
Nickel and minor coin
New York and San Francisco exchange
One and two-year notes, &c
Redeemed certificates of deposit, June 8,-1872
Quarterly interest checks and coin coupons
U. S. bonds and interest
Interest on District of Columbia
31
240.00C
3,314,449
..
paid
4,031
bonds
1,047
147,520
Speaker’s certificates
$315,160,985
pXoiictargg ©trrarae octal gtigXisk Pews
RATES OF EXCHANGE AT LONDON AND
AT LATEST DATES.
EXCHANGE AT LONDON—Apr. 2.
therefore making
a production that in its
export only of butter and
that is not worth one-tenth
part of the hay crop of the United States, that is not worth
-one-eighth part of the cotton crop, that is not worth con¬
sidering for an instant in comparison with fifty other
By all this fuss over silver,
great disturbance in respect to
labor cost is about equal to the
•cheese during the year 1880,
FVol. XXXII.
Time.
On—
Rate.
3 mos. 12*434 «12*514
Amsterdam
Short. 122 *2 S>12*3*2
Amsterdam
5)12*5*2
Rotterdam.. 3 11108. 12*5
25*60 *5-25*65
Antwerp....
a
20*65 5-2068
Hamburg
20*65 *®20*68
Berlin
20*65 '5)20*68
Frankfort...
18*40 ® 18*45
Copenhagen.
ii
24*8 5>24*4
St.Petera’bg.
Short. 25*35 *6)25 48
Paris
3 mos. 25*57*2 5-25*62112
Pari®
.
ON LONDON
EXCHANGE ON LONDON.
Latest
Date.
April
Time.
Rate.
2 Short.
12*15
....
.
ii
...
a
a
....
April
April
April
April
46
2 Short.
2
ii
2
2
ii
ii
25*38
20*50
20*50
20*50
....
....
April
2 Short.
25*40
produce, that the world needs, Vienna
117*30
11*87*2@11'92*2 April 2 Short.
47*4547*8
and in which the production would be of greater value Mail Hr!
47 *2 5)47*4
Cadiz
25*45
25*95 '5)26*00
April 2 3 mos.
than silver if the same labor were systematically applied to Genoa
T.is'hnn
52*4552
4 80*4'
April 2 Short.
it.
The claim of the owners of silver mines and reducing New York...
973s
Mar. 31 3
Alexandria..
Is. 8*8d.
Is. 77dd.
60 day.April 2 4
works to be protected by special legislation at the cost of Bombay
18. 8*16(1.
Is. 77ad.
April -2
Calcutta
”■
3s. 87sd.
April 2
all other producers of the country, is therefore absurd. Hong Kong..
5s. l7ed.
[April
2
Shanghai....
Their branch of productive industry constitutes about one
lFrom our own correspondent. I
two-hundredth part, or half of one per cent, of our whole
London, Saturday, April 2, 1881.
production.
The demand for money for mercantile purposes continues
If the laborers who are now engaged in the actual pro¬
lpon the most moderate scale, but, in consequence of a con¬
duction of silver, together with those who are trying to find tinued inquiry for gold for export to America, and to the
ntroduction of additional public companies, the rates of
a mine and to add to that production, could only be
liscount have been firm, though without much change being
induced to engage in some other branch of useful occupa¬
ipparent. The position of affairs is precisely the same as that
tion, they could buy with the product of their labor twice lescribed last week, and there seems to be no reason for believas much silver as they now produce; only they would not
ng in any immediate alteration. That there is a large amount
do it, because nobody wants it; and if they bought it, they of financial business in progress is very evident from the
-could not sell it any better than the Treasury of the United returns of the Banked Clearing House. In the return which
follows will be seen the position of the Bank of England and the
States can now force it into circulation.
imount of the clearings each week at the Clearing House, and
The purpose of this prosaic treatment of the silver ques¬
it will be noticed that the latter show a very large increase both
tion is to prove that this country was out of a bad scrape, over last
year and 1879.
Compared with 1880, in fact, there is
and might have kept out, had it possessed the wisdom to m improvement of about £150,000,000, and compared with
do so; and that it is a matter of very slight consequence 1879, of nearly £400,000,000. Trade has certainly not assisted
to the nation whether the production of silver as a com¬ in this large development of business, and it can only be attrib¬
uted therefore to largely augmented Stock Exchange opera¬
modity increases, diminishes, or ceases altogether.
tions, and to the rapid introduction of new loans, and especially
Boston, April 11, 1881.
'
E. A.
of new companies. The supply of gold held by the Bank of
England, which at the commencement of the year amounted to
UNITED STATES TREASURY STATEMENT.
£24,269,276, has steadily increased, until on March 23 the total
The following statement, from the office of the Treasurer, for reached £28,119,380; but the last return of the quarter showed
April, was issued last week.
It is based upon the actual a slight reduction, though the supply amounted to as much as
returns from Assistant Treasurers, depositaries and superintend¬
£27,857,848. The reserve of notes and coin at the commence¬
ment of the year was £12,315,436,and on March 30 was £17,022,ents of mints and assay offices :
513, after being on March 23, £17,888,185. The small diminu¬
LIABILITIES, APRIL 1, 1881.
Post-office Department account
$2,978,077 tion in the supply of gold is partly due to the quarterly disburse¬
20,552,063
Disbursing officers’ balances
ments, as well as to the American demand, and from the same
Fund for redemption of notes of national banks “failed,” “ in
37,707.362 cause the note circulation is also somewhat larger. The Bank
liquidation,” and “ reducing circulation”
Undistributed assets of failed national banks
520,612
Five per cent fund for redemption of national bank notes..
14,699,076 of England is still in a very good position. The proportion of
Fund for redemption of national bank gold notes
425,420 reserve to liabilities is 47 per cent, showing an improvement of
Currency and minor-coin redemption account
6,034
Fractional silver-coin redemption account
61,135 nearly 11 per cent compared with the first week of the year,
Interest account
45,193
Interest account, Pacific Railroads and L. & P. Canal Co
20,770 when it was only 36 T6 per cent. The note circulation has
Treasurer U. S., agent for paying interest on D. C. bonds—
279,474 fallen off since the commencement of the year to the extent of
Treasurer’s transfer checks and drafts outstanding
7,051,071
Treasurer’s general account—
£1,100,000, and the total of “ other securities,” though it has
hppn increasing* since the second week in January is still about
Matured bonds and interest
1,187,650
articles that this country can
ii
ii
ii
ii
ii
■
.
mos.
....
mos.
....
ii
....
a
......
ii
....
...
Aran,
136920..
THE
1(5, 1881.1
CHRONICLE
411
During the week ended March 26 the sales of home-grown
principal markets of England and Wales
year. There have been two changes in
rate,
amounted to 31,190 quarters, against 21,197 quarters last year
from 3 to 3)6 per cent on January 13 and a return movement to 3
and 42,230 quarters in 1879 ; while it is computed that they
per cent on February 17. Consols have risen from 98% to were
in the whole kingdom 124,760 quarters, against 103,770
100%, the price at the date of the last Bank return being par
quarters in 1880 and 169,000 quarters in 1879. Since harvest
exactly. The following are the tables referred to :
the sales in the 150 principal markets have been 1,140,520
bank OP ENGLAND RETURNS, &C., FOR THE FIRST QUARTER OF 1881.
quarters, against 939,276 quarters in 1879-80 and 1,660,946
quarters in 1878-9, the estimate for the season being 4,562,000
quarters, against 3,793,220 quarters and 6,644,000 quarters in
CirculaOther
Week
the two former seasons respectively.
Reserve.
Bullion.
Without reckoning the
tion.
Securities.
ending
£
&
£
£
24.269,276 12,315,436 3616 2*s-*4 supplies furnished ex-granary at the commencement of the
Jan. 5... 26,953,840 23.650,128
26.548,695 20,825,094 24,126,989 12,578,294 40 83 3%-ht season, it is estimated that the following quantities of wheat
26,365,205 20,517,645 24,279,138 12,913,933 43*53 338 *2 and flour have been
placed on the British markets since harvest.
26,013,240 20,551,582 24,686,242 13,673,002 44*55 3*2
26,312,905 21,208,232 25,459,197 14,146,292 44*43 3^-^ The visible supply of wheat in the United States is also given:
Feb.
25,895,520 22,214,935 26,126,584 15,231,064 44*97 3%
£1,500,000 below
the amount given in the first return of the
the Bank
viz.,
wheat in the 150
....
«
“
Mur.
“
16...
23...
2.
.
9...
16...
25,433,965 20,956,602 27,012,124 16,578,159 46*83 2%
25,259,150 20,681,280 27,678,783 17,419,633 49*78 2%
23,049,294 27,581,556 16,830,266 46*16 2^
25,751,290
25,368,250 21,048,313 28,110,133 17,741,883 48*74 2%
25.157,295 22,901,467 27,890,189 17,732,894 46*38 2*a
25.231,195 21,181,862 23,119,380 17,888,185 48*83 2^
25,835,335 22,092,485 27,857,848 17,022,513 47*03 2^
Note.—The Bank rate was raised from 3 to 3*a per cent on January13, and was reduced to 3 per cent ou February 17.
“
23...
.
RETURNS—(000’S Omitted).
CLEARING-HOUSE
1881.
1880.
1879.
£
£
£
Jan. 5.. 161,622
“
12.. 105,037
“
19.. 156,622
“
26.. 92,994
Feb. 2.. 144,606
“
9.. 97,886
"
16.. 134.347
F’b.23.
Mar. 2.
“
9.
“
16.
“
23.
“
30.
89,546
103,987
97,702
88,671
92,476
144,193
77.383
88,375
149,391 111,116
92.811
76,825
147,284 109,664
2.516—The
8ales
of
produce
^
home-grown
....19,769,000
Total
1880.
1878.
£
£
£
93,220
93,274
71,326
161.859 156,886 125,043
104,045
94,232 77.560
16,437,230
1878-9.
1877-8.
28,083,547
4,850,226
34,475,041
5,303,182
28,789,700
23,154,800
of
exports
wheat and flour
858,235
910,481
1,199,918
1,144,330
60,551,071
57,892,359
60,523,555
61,788,634
Av’ge price of English
wheat for season (qr.)
Visible supply
in the U. 8
35,977,413
6,388,147
61,409,306 58,802,840 61,723,473 62,933.023
Deduct
Result
1881.
1879-80
1880-1
Imports of wheat.cwt.33,834,169
Imports of flour
7,806,137
42s. 6d.
of wheat
bush.22,900,000
44s. Od.
46s. 9d.
52s. lOd.
24,226,700 19,314,260
The
following return shows the extent of the imports of
produce into, and the exports from, the United Kingdom
93,178
66,685 103,659
during the first thirty-one weeks of the season, compared with
The money market, though wanting in activity, has been the corresponding period in the three previous seasons :
IMPORTS.
firm in tone, and the quotations have been steadily maintained.
1880-81.
1878-79.
1877-78.
1879-80.
cwt.33,834,169 35,977.413 28,083.547 34,475,041
Scarcely any change has taken place in the rates of discount, Wheat
Barley
7,039,978
8,757,823
8,060,684 10.030,657
which rule as under :
Oats
8,164,644
6,337,628
5,381,234
6,519,455
Ter cent.
Open-market rates—
30 and 60 days’
3 months’ bills
Open market rates—
2 3a® 2 *2
2 3a a; 2 *2
bills
The rates of interest allowed
discount houses for
deposits
Joint-stock banks
Discount houses at call
do
with 7
Per cent.
4 months’ bank bills
2*2@2C8
6 mouths’ bank bills
258®2%
4 & 6 months’ trade bills. 3 'S*3*2
3
Bank rate
138,430 127,140 102,318
75,425
123,732 100,925
are
by the joiut-stock banks and
subjoined
Per cent.
2
2*2
14 da3Ts’ notice
Annexed is
a statement showing the present position of the
England, the Bank rate of discount, the price of con¬
sols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair second
quality, and the Bankers’ Clearing House return, compared
with the three previous years.
Bank of
1881.
Circulation, excluding
£
bank post bills
25,835,335
Public deposits
10,791,721
Other deposits
25,204,627
Governm’t securities. 15,362,908
Other securities
22,092,485
Res’ve of notes <k coin. 17,022,513
Coin and bullion in
both departments
Proportion of assets
to liabilities
Bank rate
..
Cousol8
En£. wheat, av. price.
Mid.Upland cotton...
No. 40 Mule twist...
1880.
1879.
£
£
16,722,282
19,265,710
27,857,848
28,685,647
33,893,845
23,612,988
47*03
3 p. <?.
43*90
48-93
2*2 p. c.
97*2
43s. Id.
6d.
10*4d.
Clear’g-iiouse return*. 93,178,000
11.997,986
25,827,6'0
16,960,202
22,684,892
3 p. c.
36*8
47s. 3d.
29,628,135
10,643,302
28,316,749
1878.
£
27,927,000
9,852,358
23,194,880
16,385,908
24,552,965
10,685,988
100*8
26,963,365
15,539,838
22,999,697
40s. 8d.
3 p.*c.
94 ^d.
48s. 9d.
57ed.
5ioK)d.
9%d.
66,665,000 103,659,000 116,775,000
75ied.
Is. 0*ad.
Peas
Beans
Indian corn
Flour
1,393,448
1,384,949
18,485,558
1,323,632
1,624.595
12.897,647
922,749
722,997
17.508,551
1.061,806
2.183,742
17,780,972
7,806,137
6,388,147
4,850,266
5,303,182
1,106,408
EXPORTS.
cwt.
Wheat
780,144
824,333
1,110,834
41,330
15,901
88,098
450,256
59,567
23,374
181,012
78,091
66.329
83,794
25,407
533,992
86,148
Barley
:
2
or
cereal
9d.
Oats
Peas
Beans
Indian
corn
Flour
77,778
15,602
13,067
122,732
37,931
89,084
English Market Reports—Per Cable.
daily closing quotations for securities, &c., at London,
provisions at Liverpool, are reported
by cable as follows for the week ending April 15:
The
and for breadstuffs and
Sat.
London.
Silver, per oz
Consols for money
Consols for account
d.
Fr’ch rentes (in Paris) fr. 83*00
U. S. 5s of 1881.:..
105*4
U. 8. 4*2S of 1891
116*4
U. S. 4s of 1907
117*4
49
Erie, common stock
Illinois Central
141*2
71
Pennsylvania
Philadelphia & Reading. 32
New York Central
150*3
Liverpool.
Wed.
Tries.
Thurs.
82*72*3
105*8
116*4
117*2
4938
82*35
83 07*2 83*25
105*8
116*4
117*4
48*4
x
142
141
71*8
32*4
151
Sat.
Mon.
d.
d.
8.
12 9
9 8
9 8
9 10
9 4
5 6
65 0
42 0
75 0
55 0
69 0
8.
State). 100 lb. 12 9
9 8
“
Wheat, No. 1, wh.
9 8
Spring, No. 2...
“
9 10
Winter, West.,n.
“
“
Cal. white
Corn, mix.,W.new
“
Pork, West.mess..# bbl
Bacon, long clear, cwt..
Beef, pr. mess, new,#tc.
Lard, prime West. # cwt.
Mon.
52
52*8
52*8
52i16
lOOiiie 100H16 1Oo9j0 100«16 100Hi6
10034
100%
100H16 100**10 100*316
Flour (ex.
Gold has been in moderate demand for shipment to New
York, but there has been a fair arrival from Australia. The
silver market is in an uncertain condition.
Fine bars are
quoted at 52d. and Mexican dollars at 51%d. per ounce. Mr.
36,534
57,886
-*
11,515
6,825
289,921
9
5
6r5
41
75
4
6
0
0
0
0
0
1043s
116*4
117*2
48%
141*2
71*4
323a
150*2
32
150
Tues.
8.
12
9
9
9
9
5
65
42
75
55
69
d.
9
7
7
9
4
Wed.
8.
12
9
9
9
9
5*2 5
65
0
42
6
0
75
0
55
69
0
d.
9
7
7
9
4
5
0
6
104*4
116*4
L17*2
45*4
>>
a
»d
£
■g
0
141
71
*
Fri.
0
32*4
48%
Thurs.
8.
L2
9
9
9
9
5
65
43
75
d.
9
7
7
9
4
5
0
0
0
3
0
Fri.
c8
£
P
O
0
Slagg, M. P., placed yesterday in the hands of Lord Harting6
56
1
55
ton, a memorial with 1,700 signatures, including those of nearly
0
69
69
Cheese. Am. ohoice “
all the
leading firms in and about Manchester, expressing the
strong desire of the memorialists that England—and especially ©mtxraercial aMJHiscellatieaxxs Items.
India—should be represented at the approaching Monetary Con¬
National Banks Organized.—The following-named national
ference, in order to the restoration of silver to its due place in
banks
were organized this week :
the monetary
system of the leading powers. Mr. Gladstone
Ephrata National Bank, Ephrata, Penn. Authorized capital
stated the other day that the invitation committed this country
stock, $75,000; paid-in capital, $75,000. William Z. Seiner,
President; H. J. Meixell, Cashier.
alnjost to bi-metallism, and for that reason the Government is
Merchants’ National Bank of Defiance, Ohio. Authorized
capital, $100,000; paid-in capital, $100,000. William C.
hesitating about accepting it.
Holgate, President; Benj L. Abell, Cashier.
The following are the current rates of discount at the
princi¬
Imports and Exports for the Week.—The imports of last
pal foreign centres:
week,
compared with those of the preceding week, show
Bank
Bank
Open
Open
decrease in both dry goods and general merchandise.
a
rate.
rate.
market
market,
Pr. ct.
Pr. ct.
Pr. ct.
Pr. ct.
The total imports were $5,919,287, against $9,613,811 the pre¬
Paris...
6
6
St. Petersburg...
ceding week and $9,937,761 two weeks previous. The exports
Amsterdam
4 *2
4
Geneva
2%
for the week ended April 12 amounted to $7,163,237, against
Brussels.
Madrid and other
3*4
Genoa
5
4
$9,044,878 last week and $7,418,223 two weeks previous. The
Spanish cities.
Berlin...
5
5
Lisbon & Oporto.
following are the imports at New York for the week ending
Frankfort.
4
2^4
Copenhagen
3 *a3 4
(for
dry goods) April 7 and for the week ending (for general
5@6
York
New
2^4
merchandise) April 8; also totals since January 1:
6
Calcutta
3^8
i
A
OU
W
i
THE CHRONICLE
412
I the pleasure
one-half per
FOREIGN IMPORTS AT NEW TORN.
$1,474,235
4,140,323
$1,309,076
4,195,980
$2,571,3 46
6,366,733
$1,905,907
4,013,380
Total
Since Jan. 1.
$5,614,558
$5,505,056
$8,338,079
$5,919,287
$23,386,279
$29,776,509
$42,597,640
$36,093.7*26
58,839,738
99,373.836
56,417,717
Gen’l mei’dise..
$84,803,996
Total
hand and seal this day:
tion.
1
1
For the week...
$6,930,617
94,950,518
$0,167,126
84,807,676
Total a’ce Jan. 1 $101,881,135
$90,974,802
$7,545,332
90,993,203
corporation, it should be accompanied by the usual resolution
authorizing such officer to act for the institution. This form of request
will be furnished upon
1881.
1880.
Prev. reported..
[Seal.]
[Signature in full.]
Note.—The seal should be of wafer or wax, if not executed by a cor¬
poration. In case the above request is signed by an officer of a bank or
other
THE WEEK.
1879.
1878.
Amount.
78,830,983
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 12, and from January 1 to date:
-
Serial
Numbers
Denomina¬
Authorizing Act.
$88,616,307 $141,971,476 $114,929,709
EXPORTS FROM NEW YORK FOR
hereby waive
or claim for, any interest on said Bond in excess
of three and one-half per centum per annum ou aud after said date ef
July 1, 1881, and in witness thereof
have hereunto set
I and release all right to,
Dry Goods
GenT mer’dise..
Dry Goods
of the Government, to bear interest at the rate of three and
centum per annum from July 1,1881, as provided in said
j Circular, and, in consideration of the premises,
1881.
1880.
1879.
1878.
For Week.
[VOL. XXSIx.
$7,163,237
107,631,680
$98,538,535 $114,794,917
application to the Secretary of the Treasury.
Texas Pacific.—Mr. Jay Gould has purchased the interest of
Colonel Thomas A. Scott in the stock of this road. The sum
paid is reported to be about $2,500,000.
Washington
made in the case of Thomas Warded,
appellant, against the Union Pacific Railroad Company, etal.:
Union Pacific.—-Iu the U. S. Supreme Court at
following table shows the exports and imports of specie
New York for the week ending April 9 and since
The
at the port of
January 1, 1881:
EXPORTS AND IMPORTS OP
SPECIE AT NEW YORK.
Imports.
Exports.
Gold.
Week.
Since Jan. 1
Germany
Mexico
South America
All other countries
Total 1881
Total 1880
Total 1879
Silver.
Great Britain
.
$122,470 $4,553,971 $18,270,278
1.194,763
50,745
1,507,896
491,677
35,628
215,796
$4,800
55,011
$3,124,375
$228,000
$7,055
22,850
71,957
France
Germany
West Indies
10,204
34,909
24,337
18,239
2.415
$228,000
$3,271,962
$44,479
72,254
1,623,911
5,735,998
159,445
159,601
Mexico
South America
All other countries
Total 1881
Total 1880
Total 1879
Since Jan. 1
$4,260 $2,856,639 $14,690,841
445,830
928,330
2,090,472
1,232,524
191,572
9,374
2,000
1.475
136,586
111.610
132,877
8,129
99,600
4,600
$
Great Britain
France
Week.
472,284
.
100
$86,653
45,059
223,786
5S3,382
40,802
50
$979,732
1,658,596
2,713,405
above imports for the week in 1881, $17,650 were
gold coin and $44,479 American silver coin.
United States Treasury.—The following is the circular of
Secretary Windom, which includes the Treasury's one hundred
Of the
American
and second call for bonds:
By virtue of the authority conferred hy law upon the Secretary of the
Treasury, notice is hereby given that the principal and accrued interest
of the bonds herein below designated will be Daid at the Treasury of the
United States, in the city of Washington, D. C., on July 1,1881, and
that the iuterest on said bonds will cease on that day. Provided, how¬
ever, that in case any of the holders of the said bonds shall request to
have their bonds continued dHring the pleasure of the Government, with
interest at the rate of 3*2 per cent per annum, in lieu of their payment
at the date above specified, such request will be granted if the bonds are
received by the Secretary of the Treasury for that purpose on or before
Hay 10, 1881, viz.:
Six per cent bonds, Acts of July 17 and August 5,1861: coupon
bonds, $30,706,050; registered bonds, $109,838,600; total, $140,544,650; 6 per cent bonds of the Aet of March 3, 1863; coupon bonds,
$9,545,560; registered bouds, $45,600,250; total, $55,145,750; aggre¬
gating $195,690,400, and being the entire amount Issued under the
above-mentioned acts which remains outstanding.
The request above-mentioned should bo in form substantially as here¬
with prescribed; and upon the surrender of the bonds, with such
request, the Secretary of the Treasury wil' return to the owners regis¬
with the fact that such bonds are continued
during the pleasuro of the Government, with interest at the rate of 3^
per cent per annum stamped upon them, in accordance with this notice.
Upon the receipt of bonds to be continued as above provided, the interest
thereon to July 1,1881, will be prepaid at the rate the bonds now hear,
and after that date the semi-annual payments of interest on the contin¬
ued bonds will be made by checks from the Department, as in the case
of other registered loans. All bonds, whether intended for payment or
to be continued, should be forwarded to the “ Secretary of the Treasury,
Doan Division,” with a letter of transmission setting forth the purpose
for which they are transmitted, and, if to be continued, they must also
be accompauied by the request above referred to.
Registered bonds for redemption, or to l>e continued, should be
assigned to the Secretary of the Treasury for redemption or continuance,
as the case may be, and when parties desire checks in payment of
registered bonds to be drawn to the order of anyone but the payee, they
ehould assign them to the “ Secretary of the Treasury for redemption on
account of” (here insert name or names of persons to whose order the
check is to be made payable.) The Department will pay no expense of
transportation on bonds received under the provisions of this circular.
But the bonds returned will be sent by prepaid registered mail, unless
the owners otherwise direct. (Signed)
William Windom, Secretary.
the
following decision
was
“On tlio 16th of July, 1868, Oliver Ames, President of the Union
Pacific Railroad' Company, acting by direction of the Executive Com¬
mittee of theboaidof directors, entered into a contract with Wardell
aud others by which the latter were empowered to occupy and work,
upon extremely favorable terms, the coal lands belonging to the com¬
pany along the whole line of the latter’s road. Shortly thereafter a
stock company, under the name of the Wyoming Coal & Mining Com¬
pany, was organized, with Wardell and a number of the directors of the
Union Pacific Company as its leading stockholders, and to this corpo¬
ration Wardell transferred his contract without consideration. On the
15tli of March, 1874, the offloers and agents of the railroad company,
by order of its directors, seized the mines, books, papers and personal
property of the mining company, and have hold and used them ever
since. Wardell sues under the contract for damages resulting from
such seizure and from the attempted abrogation of the contract. The
railroad company seta up as its defense that the contract was void on
account of fraud; that it was executed for the company by the execu¬
tive committee of its board of directors, a majority of whom, by pre¬
vious agreement, were to be equally interested iu it; that, for
reason, its terms were made so favorable to the contractors and so
unfavorable to the railroad company as to enable the contractors to
make large gaius at the railroad company’s expense, and
or¬
that
that the
ganization of the Wyoming Coal & Mining Company was a mere devioe
to enable these directors to participate in the profits of the contract,
which, as agents of the railroad company they had executed, aaa
which as contractors they proposed to make money out of. This Court
holds that argument is hardly necessary to show the utterly illegal and
indefensible character of this contract. It was a scheme to enable the
directors who authorized it to divide among themselves and the con¬
tractors large sums of money which should have been saved to the
railroad company. The complainant, Wardell, can derive no benefit
from a contract tainted as this is with fraud, or sustain any claim
against the railroad company for its repudiation. The decree of the
court below is
affirmed with costs.”
—Attention is called to the seven per cent bonds issued
Saline Coal Company of Illinois to build eight miles of
and other improvements. The officers and directors of
by the
railroad
this
embrace some of our prominent business men, and the
are offered for sale by Messrs. Joseph U. Orvis & Co.,
company
bonds
bankers, this city.
Deadwood-Terra Mining Com¬
has been declared payable at the office of the transfer
agents, Wells, Fargo & Co., on the 20th inst. Transfers close
—The March dividend of the
pany
on
the 15th.
—Dividend No.. 32 (for March) of 30 cents per share has been
declared by the Homestake Mining Company of Dakota, pay¬
able at the office of Wells, Fargo & Co., 65 Broadway, on the
25th inst.
—Mr. H. H. Hollister has been appointed Treasurer of the
Burlington Cedar Rapids & Northern Railway Company, vice
Alexander Taylor, resigned.
tered bonds of the same loan
To the circular was appended the form of request
tinuace of the bonds, but after the issue of the above
for concall, the
Treasury decided to change the form of request which holders
of maturing 6 per cent bonds wishing to have them extended at
per cent are to file, and the following form of application
was
issued:
FORM OF
REQUEST FOR CONTINUANCE OF BONDS.
(P. O. Address.)
To the Secretary of the Treasury:
Under the terms of the Circular No. 42, issued by the Secretary of the
Treasury, April 11,1881,
the undersigned, owner of the belowdescribed United States 8ix per 03ntum Bond
, hereby request
that .
payment be deferred, and that
be continued during
BANKING AND FINANCIAL.
FISK
Sc
HITCH,
BANKERS,
AND
DEALERS
IN GOVERNMENT BONDS,
And other desirable
Investment Securities,
No. 5 Nassau Street, New
Buy and soli all issues
York.
of Government Bonds, in large or small amounts
prices, and will bo pleased to furnish information in
to all matters conneoted with investments in Government
at current market
reference
Bonds.
We are
prepared to give information in regard to
Securities and to execute orders
Buy aud sell all
flrst-olass Railway
for the same.
marketable Stocks and Bonds on
Stock Exchange or in the open market.
Receive accounts of Banks, Bankers, Merchants
commission, at the
and others, and
allow
balanoes; aud for those keeping accounts with us wo
collect U. S. ooupons and registered interest, and other coupons,
dends, &c., and credit without charge.
ISP* We give special attention to orders from Banks, Bankers,
tions and investors out of the city, by mail or Telegrapk* to buy or
sell Government Bonds, State and Railroad Bond*,
Stocks, Railroad Stock*, and other securities.
We have issued the Eighth Edition of “ Memoranda Concerning
ernment Bonds,” copies of which can be had on application.
interest on daily
divi¬
Institu¬
Baal
Gov¬
FISK &
HATCH.
16,
APRIL
1881.]
'ght
quoted as high as 101 when ready for delivery July 1. In addi¬
tion to the call of the sixes of 1881, the Oregon War loan of
$688,200 has been called for payment July 1, 1881. The outlook
of the Government bond market appears to be strong, and under
the existing situation it is impossible to say what is the prospect
of further issues of the four or four-and-a-half per cent Donas.
The closing orices at the New York Board have been as follows:
flankers’ (gazette.
dividends.
The following
recently been announced:
dividends liave
Railroad*.
Ohio (Main Stem)...
(quar.)
--
Baltimore <fc
Panama
Wahasli St. L. &
When
Per
cent.
of Company.
Name
Pao.,pref. (guar.)
FRIDAY,
5
5
Payable.
Books Closed.
(Days inclusive.)
May
May
16
2 April
May
10
1*3
Interest
2 to May
l
6s, 1881
\
6s, 1881
J
APRIL 15, 1881-5 P.
*102*8 *102*8
reg. J. & J.
J. A J. *102*8 10238
coup. Q.-Feb. *1007e 101*8
reg.
102*4
coup. Q.-Feb. *102*8 *113
reg. Q.-Mar. *11278 *113
*11278
coup. Q.-Mar.
114*8
114
reg. Q.-Jan. -114
114*8
Q.-Jau.
coup.
*130
*131
5s, 1881
5s, 1881
4*38,1891
W
r
Market and Financial Situation.—The Stock
Exchange, Cotton Exchange and Produce Exchange are closedP
to-day (Good Friday); business, therefore, practically ended for
our week on Thursday evening.
The most important event since our last report was the circular
issued by Secretary Windom, dated April 11, definitely calling
in the 6 per cent bonds, due July 1, 1881, to the amount of
r
$195,690,400. The option is given for holders to extend their
bonds in the form of a new registered bond, payable at any time
at the will of the Government, bearing 3% per cent interest,
payable semi-annually by check to the order of the
The important part of the Treasury circular reads as
holder.
follows: “By virtue of the authority conferred by law upon the
Secretary of the Treasury, notice is hereby given that the prin¬
cipal and accrued interest of the bonds hereinbelow designated
will be paid at the Treasury of the United States, in the City of
registered
4*38,1891
4s, 1907
4s, 1907
cur’cy,
cur’cy,
our’ey,
cur’cy,
6s, cur’cy,
6s,
6s,
6e,
6s,
1895..reg.
1896..reg.
1897..reg.
1898..reg.
1899..reg.
This is the price
*
received by the Secretary of the
before the 10th day of May,
“Six per
pon
^SBIHfiRK!?)
cent bonds, acts of July 17
bonds, $30,706,050; registered
and August 5,1861—Cou¬
bonds, $109,838,600; total,
A
&
&
J. &
J. A
J.
J.
J.
J.
J.
J.
J.
J.
*131
*132
*133
*134
*131
*132
*132
*132
bid at the morning:
13.
1027e *1027a
102%
102*3
101
102*8
102 7e
101*4
102*8
*112*8
*113
*113
*112*8
113*3 11378
113*3 1137e
*130
*131
*132
*133
*134
103
*101*4
102*8
*112%
*112%
*1137a
114
*130
*130
*130
*130
*130
*130
*130
*130
*130
*130
board; no sale was made.
and the amount of
were as follows:
The range in prices since Jan. 1,1881,
each class of bonds outstanding April 1,1881,
Range since Jan.
6s, 1881
cp.
5s, 1881
cp.
4*28,1891.. cp.
48,1907
cp.
6s,cur’ncy.reg.
101*2
100*4
111*8
11238
127*2
1,1881.
3 103
Feb. 24 102*8
Mar. 10 113
Jan.
3 114%
Feb. 28 134%
Jan.
Amount
April 1, 1881.
Coupon.
Registered.
Highest.
Lowest.
$41,509,300
137,234,850
72,177,600
201,614,150
Apr. 11 $154,181,100
Apr. 12 326,356,000
Feb. 19 177,822,400
Mar. 31 536,957,700
64,623,512
Jan. 13
weeks past and
Closing prices ot securities in London for three
since January 1,1881, were as follows:
the range
U. 8. 5s of 1881....
U. 8. 4*flS of 1891..
U. 8. 4a of 1907....
Treasury for that purpose on or
1881, viz.:
11.
9.
April Apri7
Ajoril
April April
Periods.
The Money
granted if the bonds are
413
CHRONICLE.
THE
April
April
1.
8.
105*4
116*2
117*2
105*4
116*4
117*4
April
1, 1881.
Range since Jun.
Highest.
Lowest.
14.
1
1
1
Feb. 24 105*4 Apr.
x104*4 103
116*4 114*4 Feb. 24 116*3 Apr.
117*2 11578 Feb. 9 117*3 Apr.
Bonds.—There has been a rapid decline
speculative business in Southern State bonds, and in
striking contrast with last week’s extraordinary activity was the
New York Stock Exchange List of yesterday, when there was not
a single sale reported of a Southern State bond, except $2,000 of
high-priced Georgia bonds.
Railroad bonds have been tolerably active, with a well-dis¬
tributed business throughout the list. The I. B. & W. income
bonds advanced above 91 and C. C. & I. C. incomes sold up to
73. Erie second consols continue to be one of the favorite specu¬
lative bonds, selling about 101%, carrying over two per cent
State and Railroad
in
the
$140,544,650. Six per cent bonds of the act of March 3, 1863—
Coupon bonds, $9,545,500; registered bonds, $45,600,250 ; total,
$55,145,750. Aggregating $195,690,400, and being the entire
amount issued under the above-mentioned acts which remains accrued interest.
The following securities were sold at the Exchange Salesroom:
outstanding.”
Shares.
Shares.
5 Park Fire Insurance
121
The course of Secretary Windom in giving attention to the
39 Keokuk A Des Moines
positively disposing of them (at least as a six per cent
obligation) appears to meet with general satisfaction, and the
conclusion is reasonably drawn that the tendency of the Treasury
sixes and
operations must naturally be towards keeping the monetary
situation easy, whatever may be done with the fives after the
negotiation with the sixes is finished. Some of our dealers in
Government bonds think that nearly all of the large holders of
the six per cents, who are within reach of the Treasury, will
present their bonds before May 10, and take the registered 3%
per cents in place thereof. But it is yet too early to estimate
the amount likely to be so exchanged.
The money market has been quite easy and the tendency is
towards lower rates. On call loans the range has been from 3%
to 6 per cent.
Prime commercial paper is in good supply, owing
to the slow distribution of goods at the West this spring, but
rates are about the same ana the quotation of 5@5% per cent is
made for primepaper running 60 to 90 days.
The Bank of England statement oh Thursday showed a decrease
of £730,000 in specie for the week, and the reserve was 43%
per cent of liabilities, 'against 45 3-16 per cent last week ; the
discount rate remains at 3 per cent. The Bank of France
shows a decrease of 8,725,000 francs gold and 1,925,000 francs
silver.
Railroad,
36 Keokuk
pref
46*4
& Des Moines
Railroad.com
16*4
Ithaca Aub’n & West.RR.$‘25
Oswego A Syracuse RR.. 140*3
109
Cayuga A Susq. RR
Warren RR
118*32)118
Lackaw. Iron & Coal Co. 150*3
40
42
274
313
103
100
30
10
Phenix National Bank... 108*3
New York Nat. Exch. Bk.101
Central Bank of West¬
chester County
50
20 Globe Fire Insurance ....1253*
100 Howard Insurance Co.. .122
50 N. J. Zinc and Iron Co... 65*3
Poughkeepsie Bridge Co.,
50
50 cents per share.
9 Planters’ Nat. Bank of
Richmond. Va
128
16 United States Life Ins.Co. Ill
7 Bank of America
141*3
Co. of New
York, 20 cents per share.
185 Columbia Fire Ins
65
18 Terre H. A Indianap. RR.120*3
57 Central New Jersey Land
21 Screw Dock
Improvement Co..'
3 Metropolitan Gas-Light
Co. of Brooklyn
300
10
10
32
160
15 Home Insurance
Bonds.
$3,000 Warren RR. 2d
7a, due 1900
2,000 West Jersey
due 1883
mort.
RR. 6a,
119*«
93
1,100 Keokuk & Des Moines
RR.lst mort.5s, due 1923.101%
Auburn &
300
Ithaca
Western RR. 1st mort. 7s,
Deo., 1877,
duo 1907,
coupon on
2,000
Auburn
ltliaca
2d mort. in¬
July,1877. coup, on
West’n RR.
come,
60
A
5*4
3,000 Columbus A Indianap.
Cent. 7s, duo 1904
120
2,000 Grand Tower Mining,
Manuf. A T. Co.
unsecured
'
70
bonds, due 1901
7,000 Jersey City 7s, water
bonds, due 1901
110
46
Central
New Jersey
Co. scrip... 31*3
Gas-Light of
Land Improv.
6,350 Nassau
Brooklyn 7 p.c. reg. cartif.
3,640 Metropol. Gas-Light of
New York reg.
certif
92
102*4
10,000 Jersey City 7a, war
56
bonds, due 1890 .107*4®106<%
Pennsyl. Coal Co.238*32)239
16,000
Milw. L.Shore A West.
Star Fire Insurance
116
R’y 1st mort. 7s,due 1905.105
St. Nicholas Insurance... 60*3
.
Railroad and Miscellaneous Stocks.—The stock market has
The last statement of the New York City Clearing-House
banks, issued April 9, showed an increase in the surplus above shown a fair degree of animation, and so far as the Treasury
legal reserve of $757,525, the total surplus being $2,205,175, policy could affect prices there was nothing to exert a
influence. The principal matter of general importance was the
against $1,447,650 the previous week.
The following table shows the changes from the previous week reduction of East-bound freight rates bv the trunk lines, and the
and a comparison with the two preceding years :
report that the pooling arrangements had to some
iroken. This reduction was, in fact, made bv the Commissioner,
1879.
1880.
1881.
Differences frfm
Jr. Fink, on account of the cutting in rates by some of the lines,
April 12.
10.
depressing
extent been
April 9.
previous
week.
Loans and dis. $305,244,400 Inc .$4,956,300
Bpcoie
60.429,600 Iuc. 2,818.600
4,500
16.709.000 Dec.
Circulation...
Net deposits . 282.788,500 Iuc. 7,293,100
Legal tenders.
12,472,700
Legal reserve. $70,697,125
Beaerve held.
72,902,300
Dec.
237,800
Iuc. $1,823,275
Inc. 2,580,800
April
$288,470,900 $230,442,900
52.023,600
20.987.900
256,267,800
11.935.900
$64,066,950
63,959,500
18,903.900
19,696,100
195,303,700
36,145,400
$48,825,925
55,049,300
and he has the right
! Jarch 11, by which
to do it under the
trunk line agreement
of
it was agreed to strictly maintain schedule
rates, and also “in case these measures should not be found effect¬
ive, and the cutting of rates should not be stopped, then, after
consultation with the Trunk Line Committee, the Commissioner
may give notice of a reduction of the tariff throughout the tern¬
ary controlled by the roads on the Joint Executive Committee, to
rates on any one road.”
;he trunk line differences there was
the stocks mostly affected, and Michigan
meet the lowest cut
In consequence of
considerable weakness in
Central sold down to
United States Bonds.—The Government bond market has
106%,
Shore
closing at 126%.closing
at
107%;
Lake
to
125%,
been quite steady, and closed firm on Thursday evening at 114@
In particular stocks there were various movements of import114% for thefour per cents. The new 3% per cents have been
Surplus...
$2,205,175
Inc.
$757,525 def. $107,450
$6,223,375
THE CHRONICLE.
414
ance.
Central Pacific was much depressed by apparently
unfounded reports from Washington that the Government was
about to commence farther suits against the company. Indiana
.
[Tob'xzxn.
Railroad Earnings.—The latest railroad earnings and the
totals from Jan. 1 to lates dates are given below. The state¬
ment includes the gross earnings of all railroads from which
returns can be obtained.
The columns under the
heading'
“
Jan. 1 to latest date” furnish the gross earnings from Jan. 1
Bloomington & Western and Cincinnati Sandusky & Cleve¬
the lease or consolidation
arrangement. Manhattan Elevated has been one of the weakest to, and including, the period mentioned in the second column:
stocks, on the selling out, as supposed, by the Garrison party,
/—Latest earnings reported—> s-Jan. 1 to latest dale
Week or Mo. 1881.
1880.
1881.
and the -talk of issuing preferred stock at 50. The Reading
1880.
election case was ended by the decision against the Gowen party Ala.Gt. Southern.March
$62,005
$47,829 $182,287 $154,457
land have been active and buoyant on
and in favor of Mr. Bond and his associates, but the matter is
yet pending and comes up again before the U. S. Circuit Court
on
Tuesday next when the deferred-income-bond and blanketmortgage schemes also come up for consideration.
4t the close on Thursday there was a sharp rally in stocks in
the last half hour of business, and prices advanced from ^ to 1
per cent on many stocks.
The daily highest and lowest prices have been as follows:
Saturday, Monday.
April 11.
April 6.
Am. Dint. Tel.
Amer.Un.Tel.
Canada South.
Cent, of N. J..
Cent. Pacific..
Che*. A Ohio..
Do 1st prf.
Do 2d prf..
Chic. A Alton.
Chic. Bur.a Q.
Cbic.M.aSt.P.
Do
pref.
Chic. aN. w..
Do
pref.
C.R.I.aP.new
Ch.St.L.aN.O.
Ch.St.P.M.&O
Do
pref.
Clev.C. c.ai.
56
56% 56% 58
Wednesd.
April 13.
Thursday,
April 14.
~57%~58
"50%"” 57%
Fridaiy.
April 15.
7996 76*4 78*4
101%
99% 100%
83% 86
8494 87
24*6 244 24
24*6 2494 25
24%
43
42
*42
42*6 42% 4194 42
* *6 3094 2994 3096 30*4 31
*29% 30%
137
137
'.... 138
135% 136% 135 135
163
163% 162% 16294 162% 162%
16394 164
111
111*6 113
11296 111% 11394 11094 711%
121%
123*4 123*4
122*6 123% 12194 12294 12194 123%
122%
131
138
135
185
135% 1369* 134 135
136
135
134*4 134%
13494 136 134% 135
77
75
75% 75%
76*6 7694 75
4i”
42
4094 41%
4194 42% 40% 41%
95
97
97
98% 96
0696
05% 98
89*4 87% 8794
88*6 8896 *87
8794 88
23% 24
2294 23% 23*6 24*4 23
23%
110
110
III
110
111
111% 109% 110%
119
118
118%
120%
120*4
119%
118% 11996
105*6 10694 104% 10696 10494 106% 10494 105%
57
57% 58
58%
57*6 5S% 57*4 58
100*4 102
10o% 102% 10094 102% 101 102
68
68%
68% 68*4
135* 186)4 185*4 136*4 135 136*4
13594 137
69
69
69
69
69
69
69% 69%
50*6
51% 51% 51% 51% 50% 50% 50
128
130% 127% 129
126% 129*6 125% 127%
91*4 92% 21% 92*4 9196 929* 91% 92
33*4 34% 2996 3296
?4%
33*6 35
17
14*4 1596
13% 13% 13% 14
8
894
7%
7*4
8%
9%
7*4
796
108
110% 102% 107
108% 112 109% 11094
108
11096 106% 108%
109% 111% 10894 110%
27*6 20*4 27% 26
26*4 27*6 26
26%
45
45% 4496 45% 45*4 46*6 45*6 4594
121
121
122% 122% 122 122
77
78
77% 77% 78* 78
7794 78
14396 ’*594 143*4 14496 142% 144% 14296 ]43%
119
115
118% 121
118*4 120
117%
47
4594 46%
45% 4796 46*6 47
89
89
88
88%
35
36
35
3596 34% 35%
3594
43
43
44
43
44
43% 41% 43*6
74
71
73% 74*4 72% 74*4 74
73*6
30
30*6 28% 29
30*6 30% 2994 30
4294 4396 42% 43*4 4294 43% 42% 4294
79*4 8096 77% 79%
100
84
10196
•SP
87
lliS
88
24
in;
12«‘i
107
58
102;
186** 187
695*
*68
180 ”
18094
91*4 9194
37** 38*4
13** 1394
112** 113
111**111'
2696 27
4594 46
*121%
77
.
77
145*6 14594
123
123
47*6 4796
35
3594
4396 4394
7394 73%
2996 30*6
43
439*
102
102
53% 54%
53% 54%
45
47%
....
64% 05%
42% 43%
08
03%
60
60
47
125
48
125
46%
.
.
00
.
54%
119% 11994 118
4694 47% 46%
88%
89*4 90
.
.
.
55%
54"
60*6 62
125
04% 65%
4% 45%
00
5294
64*6
44%
65*4
96
54
48
125
6596
4494
65%
52% 54
50% 52%
6i%
61
47%
62%
47%
125%
64*4 65%
64%
65
44
65
62** 64*
48
127
62%
49*4
127
4496
65
96
96
58*4
125
Total sales of
eJ
2
o
5594
58%
date,
were as
Shares.
Canada Southern....
Central of N. J
Chicago A Alton
30,005
89,297
831
Chic. Burl. A Quincy
3,215
Chic. MU. A St.P.... 109,268
Do
do pref.
2,000
Chic. A Northw
44,760
Do
do pref.
1,350
Chic. Rock I. & Pac...
3,700
Chic. St. P. M. AO..
4,205
Do
18,875
pref.
Col. Chic. A Ind.Cent.
15,427
Del. A Hudson Canal
18,538
Del. Lack. A Western 183.720
Hannibal A St. Jo...
18,110
Do
do pref.
4,794
Illinois Central
7,600
Lake Erie A Western
955
Lake 8hore
165,255
15,272
90,310
Michigan Central.... 59.360
Missouri Kan. A Tex.
7,800
Louisville A Nashv..
Manhattan
N.Y. Cent. A Hud.Riv
32.970
N.Y. Lake E. A West. 101,300
do pref.
Do
1,420
Northern Pacific
7,3ol
Do
23,404
pref.
Ohio A Mississippi ..
11,535
Pacific MaU
48,860
Phila. A Reading
52,630
Bt.L. Iron Mt. ASouth.
25,400
8t. L. A San Francisco
5,150
Do
pref.
1,875
Do
1st pref.
595
Union Pacific
102,133
Wab. St. L. A Pacific
9,250
Do
do pref.
26,640
Western Union Tel..
34 850
.
Lowest.
Feb. 25
82*a Jan. 4
134
Feb. 25
160
Feb. 26
101 la Feb. 25
117
Feb. 25
117
Feb. 25
131*8 Feb. 26
129
Feb. 26
40% Mar. 25
91
Feb. 25
4
19% Jan.
895s Jan. 4
107
Jan.
4
44% Jan. 4
94
Feb. 26
124
4
Jan.
38*a Jan. 4
118
Feb. 25
Feb. 25
79
29% Apr. 14
106*2 Apr. 14
393g Feb. 25
140
Feb. 25
43% Feb. 25
82*8 Feb. 25
32% Jan. 13
64*8 Jan. 25
36*2 Jan. 4
4
45% Jan.
50
Feb. 25
52*8 Jan. 4
39
Mar. 24
61
Jan.
4
90
Feb. 25
105*a Feb. 25
39
Feb. 25
77
Feb. 25
;
Mon-
1880.
High.
Jan. 14 40
Feb. 17
45
Jan.
5
99*2
7 113
182*a Jan.
124*4 Jau. 20 66%
132
Jan. 17 99
136
Jan. 19 87*8
147*2 Jan. 17 104
142
Jau. 20 100*2
51
Jan. 22
109*2 Jan. 24
3
2778 Jan.
9*a
115*4 Mar. 7 60
131
Mar.
9 68*2
60*4 Feb. 24 2278
110
Jan. 10 63*2
813s
90*4
159*2
183*2
114%
124*8
80% Jan.
3
95
Mar.
46*2 Feb.
126*2 Jan.
50*8 Feb.
155
Jan.
5278 Jan.
95
51
Jan.
Mar.
665s Apl.
51
71
102
1247«
Jan.
Jan.
Jan.
Feb.
130
146*2
204
92%
110*4
4
11
11
28
14
513s Feb. 17
94
Jan. 17
120*2 Jan. 29
23
27*2
13*2
34*2
25*4
33
60
80
26*2
51*4
116,269
89.819
20.268
55,800
15,741
49,©00
125,000
17,364
3,935
326,994
308,857
55,800
279,092
198,154
49,800
2,749,950
361,664
51,273
1,987,083
335,856
47,894
»0,403
665,751
622,511
Mil.L.Sh.A West.4thwkMar
17,199
10,684
Mini*. A 8t.Louis.January...
Mobile A Ohio....March
50,403
42,888
226,398
168,301
5
23,268
306,894
22,747
257,609
723a
66
48
65
100
113%
48
889s
77% 11
42,888
369,009
2,809,202
363,363
811,033
768,813
389,101
48,170
396.788
2,548,599
314,139
797,345
665,354
321,424
52,949
529,558
601,852
127,625
93,330
6,284,829 0,028,127
127,625
73,942
449,804
469,678
8c.L.Alt.AT.H. ..1st wk Am-
25,675
23,480
377,386
342,908
Do
(brchs).lst wk Apr
St. L. Iron Mt. A S. 1st wk Apr
Bt.L. A San Fran. 1st wk Apr
St.Paul A Duluth.January...
St.P.Minn.AMan. 1st wk Apr
12,810
138,800
61,576
39,915
86,723
11,028
204,984
1,962.548
714,295
177,470
1,606,875
635,153
1st wk Apr
109,137
42,344
6,124
38,191
39,915
38,191
82.8S6
5,281
71,322
821,354
79,569
339,045
662,567
75,568
309,546
46,930
Wisconsin Cent...3 wks Mar.
680,020
836,394
3,292,400
2,974,174
63,426
Exchange.—Rates for sterling bills have varied but little, and
the receipts of specie and shipments from
free. For prime hankers’ sterling bills the
Europe have been
rates on Thursday
were 4 81 @4 81/6 for sixty days and 4.83@4 83/6 for demand.
Cable transfers, 4 83@4 83%. Prime commercial bills, 4 79^6.
Quotations for foreign exchange are as follows:
Demand.
Sixty Days.
April 15.
Prime bankers’ sterling bills on
Prime commercial
Documentarv commercial
Paris (francs)
:
Amsterdam (guilders)
Frankfort (reichmarks)
Bremen (reichmarks)
Londen.
4 81 *4®4
4 80 ®4
4 79*2®4
5 27*u®5
83*2®4 84*2
®4 82*2
4 81*2®4 82
5 25 ®5 23*#
39%® 40
4
52
80*2
80
39*2®
26*4
39%
93 7a®
93 7s®
94
94
4 82
9438®
943s®
94«>8
9459
following table shows the receipts
this city, as well as the
the past week:
and payments at the Sub-Treasury in
balances in the same, for each day of
5078
62
2,697 229
1,237,983
607,157
882,473
1,414,792
406,655
254,683
438,554
Memp. Pad. ANo.3dwk Mar.
Balances.
105
67*2
44*2
2,820,074
1,397,522
496,564
1,072,384
659,151
66,169
187,800
24,128
4,651
Receipts.
99*2 12730
20*4 42%
95
1395s
393s
405,508
23,202
U. S. Sub-Treasury.—The
25 *g
5
77
174
14 21
57*2
20 75
130*8
17 28*8 49*4
3 122
1553s
15
30
51*8
10 47
93*2
7 20
36
77*8 Feb. 18
4678 Mar. 5
62*4 Feb. 18
73*a Feb. 19
,
452,123
1.336,205
293,513
251,207
105,651
152,934
37,834
30,412
South Carolina...26dye Mar 103,090
Texas A Pacific.. March
312,420
215,070
Union Pacific
March
1,657,5701,735,509
Wal. St. L. A Pac.1st wk Apr 224,044
241,386
Low.
2
138*2 Apl.
8
59*2 Feb.
135% Jan. 20
26,569
LittleRk. & Ft. S.January...
Louisv. A Nashv. 1st wk Apr
Memp. A Chari...1st wk Apr
Scioto Valley
Range for
90
112
156
.
44,631
29,578
February..3,095,614 2,944.576
Peoria Dec. A Ev. 1st wk Apr
8,840
4,S19
Philadel. A Erie..February.. 225,501
245,372
Phila. A Reading.FeDruary.. 1,336,428 1,085.102
year
Highest.
66
206,797
97,689
49,051
52,896
460.074
31,770
44,585
66,169
Pad. AElizabetlit.March
follows:
Range since Jan. 1 1881.
218,912
Pennsylvania
55% 5694
Week,
17,685
.
leading stocks for the week ending Thursday,
and from Jan. 1, 1881,
Sales of
30,479
26.415
111,738
43,827
61,834
437,171
99,224
Ogd. AL. Champ.February..
Oreg’nR. Nav.Co. March
and the range in prices for the year 1880
to
37,272
Nashv. Ch.&St.L. February.. 190,866
191.154
N.Y. L. Erie AW. February.. 1,425,765 1,252.218
N.Y. AN. Engl’d.February.. 173,614
149.907
N.Y. Pa. A Ohio.. February.. 389,125
384,980
Northern Central. February.. 382,657
330,860
Northern Pacific 1st wk Apr
53,943
43,417
96%
119
116
119% i:7% 118% 117
11794
46% 4796 46% 46%
47% 46*6 47
90*6 88% 89% 8894 89% 8896 89*4
115* 110V 115% 110*1 115% 11641 115% 116!% 115% 116
*
These are the prices bid and asxed: no xai* was made at the Board
+ Sales were also made ex-privilege as follows: Saturday, 807.
day, 79®8094; Tuesday, ?9%@o0; Wednesday, 7994; Thursday, 79,
156,870
164,917
156,870
) 9,817
19,66 1
40,255
41,248
37,023
485,613
Bur.C.Rap.ANo..lstwk Apr
44.802
5741836
Cairo A St. Louis.March
1 05,058
41,036
30,079
78,409
Central Pacific...March
1,613,000 1,373,438 4,645,907 3,644,539
Chicago A Alton .1st wk Apr 116,318
128,767 1,604,712 1,776,308
Chic. A East. Ill..4th wkMar
34.753
22,893
365,328
244.009
Chic.AG.Trk.Wk.end.Apr. 9
26,988
24,054
358,735
303,772
Chic. Mil. A St. P. 1st wk Apr 303,000
200,664 2,894,000 2,604,386
Chic. A Northw..March
1,162,362 1,361,725 3,366,234 3,648,040
Chic.SkP.MinA 0.1st wk Apr
46.426
458,513
30,210
361,798
St.PaulA S.City.1st wk Apr
14,493
29,525
253,895
824,630
Chio. A W. Mich..3 wks Mar.
49,900
184,818
46,505
165,457
Cin. Ind.St. L.A C.February..
172,541
160,981
332,447
328,238
Cin. Sand. AClev.3d wk Jan.
11,215
10,741
36,398
31,519
Cin. A Bpringf. ..1st wk Apr
18.322
16,875
243,072
225,376
Clev.Col.Cin.AI.lst wk Apr
66,167
66,225
982,006 1,015.391
Clev. Mt.V. ADel.4thwk Mar
12,300
11,982
97,638
105,011
Denver A Rio Gr 1st wk Apr 104.668
36,883 1,128.318
458,233
DesM.AFt.Dodge.4th wkMar
11,390
6,309
68,379
1 65,052
Det. Lans. A No..March
107,267
106,431
265,226
266,547
Dubuque A S.City. 1st wk Apr
25.299
16,526
219,503
267,791
Eastern
175,345
February.. 192,165
390,748
377,659
East Tenn.V.AG.lst wk Apr
25,302
20,703
370,163
339,143
Gr’t Western.Wk.end.Apr. 8
HannibalASt. Jo.1st wk Apr
Houst. ATexasC.lst wk Apr
minoisCen. (III.).March
Do
(Iowa). March
Indiana Bl. AW..3d wkMar.
Ind. Dec. A Sp...March
Int. A Gt. North.. 1st wk Apr
Iowa Central
January...
K. C. Ft. S.A Gulf.March
Lake Erie A vVestdst wk Apr
11P
t*
59*‘ 02% 00% 62%
164,917
Flint A Pere Mar. 1st wk Apr
Gal.Har.ASau A.4th wkMar
Grand Trunk. Wk.end. Apr. 9
*
88%
CoLChlc.ai.C. 23%
Del.an.Cana) 110%
Del.Lack.AW. 116%
Denvera R.G. 106%
Han.a St. Jo.. 57**
Do
pref. 102
Hous.ATex.C.
Illinois Cent..
Int.a Gt.Nor..
Lake Erieaw.
Lake Shore....
Louisv.ANush
Manhattan....
Mar.aC.lst pf.
Do 2d prf.
Met. Elevated
Mioh.Central.
MobileaOhio.
Mo.Kans.aT
Mor.a Essex.
Nash.Ch.aStL
N.Y.C. a H. R.
N.Y. Elevated
N.Y.L.E. a W.
Do
pref
N.Y.Ont. a W.
Northern Pac.
Do
pref.
Ohio Central..
Ohio a Miss...
Do
pref.
Pacific Mail:..
Panama
Phil, a Read’g
Bt.L. A.a T.H.
Do
pref.
Bt.L.I.M. i So.
Bt.L.a 8. Fran.
Do
pref.
Do 1st prf.
Tex.a Pacific.
Union Pacific
Wab.St.L.a P.
Do
pref.
West. Un.Tel
Tuesday.
April 12.
Atl. Miss. A Ohio.January...
Boat. A N.Y.Air-L.February..
April
“
“
“
“
“
9...
11...
12...
13...
14...
15...
Total
Payments.
$'
1,371,284 22
1,093,834 23
1,226,643 05
1,249,960 67
2,957,410 77
886,885 83
825,674 06
2,298,105 27
7,580,811 01
9,990,289 81
569.643 21
Coins.—The following are
Sovereigns.0
Napoleons
$4 82
3 82
X X Reichmarks. 4 72
X Guilders
3 92
Span’h Doubloons. 15 55
3
4
3
,Q>15
®15
86
76
98
75
60
Mex. Doubloons..15 50
1 12%® 1 13
Fine silver bars
Flue gold bars....
par ® *4 prem.
Dimes A *a dimes. — 99*a® par
..
$
3,815,162 51
3.573,540 98
3,606,985 44
10
79,271,175 73
77,663,041 49
3,817,375 44
3,953,078 47
81,826,788
82,069,531
81,662,384
79.201,759
3,679,843 67
quotations in gold for various coins:
®$4 86
®
®
®
70
20
89
$
$
2,987,636 59
1,227,764 10
876,258 82
Currency.
Coin.
Silver *43 and *as.
'Five francs
Mexican dollars..
Do uncoramerc’l.
English silver
Prus. silv. thalers.
U. S. trade dollars
U. S. silver dollars
—
—
—
—
99%®
91*a®
88*2®
87 ®
4 72
—
—
—
68
—
—
—
® 4
ft
—
93*#
89*2
88*2
80
69
99*4® — 99%
9978® P&r.
April
16,
1881.J
1881:
Capital.
Banks.
Loans and
Specie.
discounts
$
New
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
York
Manhattan Co..
Merchants
Mechanics’
Union
America
Phoenix.
City
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Nation’l
Gallatin
Butchers’&Drov.
200,000
Mechanics’ A Tr.
200,000
Greenwich
600,000
Leather Man’f’rs
300,000
'Seventh Ward...
800,000
State of N. York.
American Exch.. 5,000,000
5,000,000
Commerce
1,000,000
Broadway
1,000,000
Mercantile
422,700
Paciflc
1,500,000
Republic
450,000
412,500
700,000
Chatham
People’s
North America..
1,000,000
500,000
3,000.000
600,000
1,000,000
Hanover
Irving
Metropolitan
Citizens’
....
Nassau
Market
St. Nicholas
Shoe Sc Leather..
Corn Exchange..
500,000
500,000
500,000
1,000,000
1,000,000
300,000
400,000
1,500,000
2,000,000
500,000
240,000
250,000
3,200,000
Continental
Oriental
Marine
Importers’ Sc Tr..
Park
Mech. Bkg. Ass’n
North River.
East River....,
Fourth National.
.
Central Nat
2,000,000
300,000
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
100,000
Bowery National
N. York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
German Exch.
Germania
200,000,
200,000
..
renders.
$
1.935.000
674,000
8.810.000
7.024.900
7.103.300
7.215.000
4, .59.600
961,460
1,401,000
9.184.500
3.740.000
1,001,300
803,000
8.509.700
3.148.800
2,168,400
304.200
301,000
4.144.200
1.680.300
13.000,600
3.743.500
4.361.700
912.000
389.100
465.000
301.900
126.000
10,500
443.100
142.300
716.400
1.689.200
1,009.000
902.000
2,886.100
907.700
3.445.100
14,260.000
15.866.30C
5.258.400
2,540,000
4.844.000
580.000
880.200
4.172.400
374.300
2.303.800
5.225.500
2,018.600
1.472.500
582.700
733.200
288.700
130.0(H)
2.329,600
0.955,2oo 1,229,700
411.000
2.936.3f/o
13,723.000 2,695.000
231.100
1.966.500
224.000
2.541.400
440.400
220,000
513,000
208.100
2.603,Oqg
1.776,000
3.175.000
3,857.000
0,367.50C
1,817.000
2.982.000
10.255,000
10.233.000
1,007.600
903.100
1.013.500
17.074.8. >0
8.064,000
1,503,£00
35,100
774,000
5.332.800
4,224,000
168.1(0
41.800
139.700
4.015.800
%
$
8,050,000
495,000
367.100
5,193,000
0,(02,400
300,000
147,000
109,000
303,900
74,000
206,000
63.900
133.200
216.400
370,000
83.900
57,000
129,000
182.100
110.400
72.300
70,000
530.000
208.800
271.000
51,000
142.000
135.200
80.900
77.400
254.000
454,000
214.000
175.000
246.000
106.300
83.000
88,000
820.000
45,000
15
200
295.500
04.000
314.300
601.400
5,400
130. IOC
60.300
0.150.500
1.100
3,573.000
207,000
8,829,000
1.864.700
1.227.700
13,6<il,500
788,400
2.380.000
780.300
1.600.100
243,800
1,016.000
174,000
938.0UC
2,700
2.155.000
830,500
473,000
37,000
3.368.700
11.238.000
12,130.400
3.618.200
3.016.700
2.100.500
2,940.200
3.096.300
1.503.4OU
900.000
13. ...324,970,000
20. ...315,334,000
“
27. ...313,524,900
Dec. 4. ...305,701,100
“
11. ...293,959,200
“
18. ...293,372,000
“
24. ...292.417,900
“
31 ...297,750.700
1881.
270,000
Jan.
“
8. ...304,080,203
45,000
5,400
800.000
434,000
],078.t»0O
270,000
3,000
195.400
450.000
450,000
4,000
780,300
2,406,000
2.230.400
1,337,800
3.285,000
2.409.700
0,019,000
1,718.300
8,407.000
45.000
1,115,300
45,000
21,125.100
19.007.5OC
722,100
050.100
.
April 2 ...300,28 MOO
9. ...305,244,400
“
••
i7..
“
24..
“
31..
Feb. 7..
“
14..
“
21..
“
28..
Mar. 7..
*’
“
“
Apr.
“
•
Loans.
$
\
148,283,200
150.394.400
150,634,300
152,018,200
151.919.800
152.104,500
152.499.800
150.723.800
14..
21..
28..
4
11..
.
0.171,000
146.629.900
145,529,000
148,114,000
14 7,55J ,200
140.289.900
5.535.400
5.700.100
5.842,300
5,846,200
5.607.100
939,600
410.200
27.700
58.400
l,9u0,900
101.100
1.258.400
32.900
75,000
1,241.000
91,800
21...
follows:
Inc.
Dec.
| Circulation
Mar.
“
“
28...
7...
1*...
21...
28...
4
Apr.
n
11...
• •••
..
••••
x
.
new loau es.reg ..
m. 7s, coup.,’82.
rlttsb. Tltusv. A B., 7s, cp.,’96
do
Scrip
Pa.A N.Y.C. A RR. 7s,1896 ...
do
1906
....
*
*
*
i30* Pennsyly.,gen. m. 6s, cp.. 1910
130
do
gen. m. 6s, rg., 1910.
167* 107fc
do
cons. m. 6s, rg., 1905.
ioi
do
cons. m. 6s. cp., 1905.
150
.
Cheshire )referred.
Chic. & V Michigan..
Cln. Sand
Concord.
161
84
*
Fitchburg
Flint A Pere Marq
do
pref.
Fort Scott A Gulf, pref..
do
cornu
Iowa Falls A Sioux City.
x
;
144
28
01
75^4
~70*
‘
'
Manchester A Lawrence.
Mar. Hough. A Out
Mar. Hoagh. A Oat., pref.
NahsuaA Lowell
do
do
88*
128
91
05
i* 90
*
*
iVs
57
•e
105
107
lmp.m.,6s,g„ 0.1897
gen.m. 6i, g..C.H0)
in. m.,7s,couj>.,,.696.
do d::b. couo., 1M)3*
ro
do
c-tup. off, 1693.
do tcrlp, 188i
ao
95*
75
82
60
08
7s, R. C., 1893’
7s, coup, off,’9-°
ao conv.
*
do
•••
.
110
ii9*
39
88
K
do
*85
• •••
iVo*
in*
”
Conn. A Passumpslc
Eastern (Mass.)
125
Perklomen 1st m. 6s,coup.,’8i
Phlla. A Erie 2d m. 7s, cp., 38 117
i A N.Y., 1st m.
120
Phil.A R. 1st m. 63, ex. due I9i0
do
1910
do
do
2d m., 7s, cp..93. 118*
124
do cons. m..7s,cp., 1911
124
do
do
reg.,lull
do cons.m.6s,g.lttui911
I* ’31*
.
127*
5i
co
*o
'■
.
18
97*
••
.
150
..
deb. 7s. cipB.Ofl
do
do mort., 7s 1892-3.
57%
70
C6
58
122*
;;;
is
I*'"
7s, re*
do
do
Is,19 5 113
prei
*. 127 127*
Old Colony
Portland Saco A Portsmoi h ...
Pullm&'i Palace Car
'29*
29
Rutlan d, preferred
5
14*
Tol. Del. A Bur
Deposits.
nd. 1st,
6s, 1884.
»tm.7s 1907....
W.,lst m.,5s,’23.
2d m.6s. 1933..
do
ao
Circulation. Agg. Clear
$
$
18,091,800
18.708,700
13.730.400
18.600.200
18.471.400
13.485.200
18.474.400
18.431.400
18.408.200
$
97.502.100
30.727.500
97,418,700
97.127.100
97.219.100
80.583.700
31.197.200
80.785.700
93.092,400
30.210.200
29.813.900
87,803,400
85,772,500
85,060,900
85.468.100
85,829,900
2.793.700
2,070,000
2.488.300
30,004,000
80.623.800
30,088.000
80.959.800
29.831.900
29.875.900
29.975.500
30.135.800
30.282.700
104
100
18
98
25
Deposits.
Circulation.
72.429.057
72,722,820
19.307,800
20,342.942
20,375.040
64,344,188
05,560,215
05,340,431
05,273,525
65,808.304
07,430,318
07,384,557
05,092,868
61,749,924
12.187.128
12,193,537
12,106.558
12,122,237
800,393,048
890,540.451
808,070,513
1072,680,747
1155.094,082
940.101.842
974,074.998
804.522,749
817,931,113
$
85,268.919
84,491,917
89,188.828
78,576,830
80,193,075
77,501,141
85,747.523
71,980.430
83,849,374
70.117,775
69,034.123
08.840.822
69,096,257
70,463,791
61.752.C81
01,900.170
17.530,152
17,573.878
01,173,413
18,605.372
03,771,480
02.450,355
Agg. Clear.
*
12.136.113
12,159.740
12,099,714
10,334 630
9,870,770
9,951.033
9.990.283
10,000,700
10.105,592
10.115.128
: 20*
105
00*
10344 104
m.,6s,g.,l905
87
Inc.A 1. gr.,7s 1915 82*
102
102*
Rio Grande Dv..
do
do
^7
pref
cons.
do
Itusv. 1st m. 7s, *90.
J. cons. m. 6s,‘94..
F. lstm.7s,’96
BONDS.
>•
67 &22.44S
50,728,704
51.952.921
40.098.832
52.415,259
47,581,820
51,259.010
51.724.8*0
59.000.479
48,030.201
47.595 115
45,239.300
53,340,450
48.057,337
...
....
117
100
....
12 117
5s, new, reg.,lS9;i
do
do
do
do
68,10-15, reg.,li7
•
.
9
•••
5
*.*.*.'
r
Camden A
Atlantic
do
ao
pref
21*'
new
pref
22
30
.
27*
30
51
.
do
0i
t
L
t
ioY
115
do m. conv. g., reg.,’94
do mort. gold,’97....
do cons. in.7s, rg.,191!
rrls, boat loan, reg., 1885..
F
21* 3
msylvanla 6s, coup., ’.910..
uylk. Nav.lst m.6s.rg.,’97.
do
2d m. 6s, reg., 1907
do 6s, boatAcar,rg.,191S
do 7s, boatAcar,rg.,l9i5
...
*.*.*.*
nnsyl
Elmira A Wil
129
2d*
51
iio
CANAL BONDS.
•
pref
107
fcs P. >.,’96.
do
...
....
Culawlssa
do
do
6s, 1909
).’9d.
....
•
do
cons.
)
...
STOCKS.t
RAILROAD
••
....
•
do 6s,n.,rg.,l895A
do 4s, various
lstm. 6s, op., ’96.
118*
1st m. 7s,’99..
do
do
do
...
105
6s, 15-25, reg., 18ff
6s. In. Plane, reg
Philadelphia, 5s reg
6s, old, reg.
do
do 6s,n.,rg., prior
S
120
'98*
103
87*
•
• ••
88*
80
quehanna 6s, coup.. I9i8. “
...
BALTIMORE.
pref.,
do
..
to*
do
do
15*
01*
pref.
Lehigh Valley.
Little Schuylkill....,
*53
Jiinehill
NeBquehonlng Valley.
Norristown
North Pennsylvania..;
\
1 *
01*
53*
B
....
58*
108* 10J
58* 59
03* 68*
27*; 27*
30*1 i'0*
132*
Pennsylvania
Philadelphia A Erie
Pniladelphla A Reading
Philadelphia A Trenton
Phlla.Wllmlng. A Baltimore
ot. Paul A DuluthR.U. Com
do
do
pref
182
United N. J. Companies
West Chester consol, pref...
81
West Jersey
Chesapeake A Delaware
Delaware Division
Lehigh Navigation
'45*
do
do
[time
do
do
do
do
do
185
do
do
do
do
n
45*
•
•
•
...
•
•
•
•
13
y
’
...
RAILROAD BONDS.
Allegheny Val.. 7 3-108.189#...
do
7s,E.ext.,191(
do
Inc. 7s, end.,’94
Belvldere Dels. 1st m., 6s, 1902 117
do
2dm. 6s.’85..
do
3d m. 6s, *87..
Camden AAmboy 6s,coup,’83 io‘5*
do
6s. coup., *85
do
115*
mort. 6s. ’89
Cam. A Atl. 1st m. 7s. g.,1398
do
2d m. cur. 7s, 1879..
Cam. A Burlington Co. 6s’91.
Catawlssa 1st, 7s, conv., *62...
do
ehat. m., 10s, *88
*
In default.
$ Per share.
6s,exempt,’9S.M. AS,
Ohio
b
....
...
•
•
•
•
•
•
120
1st pref.
120
2d pref
Wash. Branch. 109
Parkersb’g Br.. 50
..50
them Central..
item Maryland
...50
B
N
P
N
;.
w
:::
,
:::
r
14
49
18
RAILROAD BONDS.
A Ohio 6s, 1885,A.AO. .. 107*
V. Va. 3d m.,guar.,’85,JAJ
1*5*
sb.A Oonueirsv.7s,’98,J f ' 124
them Central 6s, ’85, JAJ
do
6s. 1900, A.AO.
117
do 6s, gld, 1900, J.AJ.
.
*
Ohio 68,1st m.,’90,M.A 8. 113* 115
1.6s, 1st m., gr.,’90,J.A J.
do
do
do
do
do
••
125
Par.
205
100 200
122* 124
tral Ohio
50
SDurg A Connellsvtlle.,
C
w
59
ibo*
122*
c
p
...
115
68,1886, S.ic J.
119
6s, 1890, quarterly... 118*
6s, park, 1890,Q.—M.
68, 1893, M. A S
RAILROAD STOCKS.
•
••
58, quarterly
N
...
pref...
6?, 1890, quarterly..
0s, 1900, Q -J
68.1902, J. A J
5p, 19.6, new
do
do
do
....
...
Susquehanna
6s, exempt, 1887
do
...
Morns
do
pref
107* 108
1?'
CANAL STOCKS.
Peansylvanla
Schuylkill Navigation
L. Tenders.
$
120
130
4,500
the totals of the Boston
93.614.800
95.903.800
97.430,300
2.467.400
2.470.700
2.532.300
20,340,524
20,031.407
20,499,987
18,183,122
10,075,724
17.179,494
17,038.097
Wisconsin Central
$7,293,100
Deposits.* Circulation. Agg. Clear
3.709.300
3.745.300
8.753,400
3.809,000
3.390,800
2,835,100
2.549.400
2.490.300
20.345.753
'
Vermont A Massachusetts..
Worcester A Nashua...
STATE AND CITT
Loans.
$
74.409.273
74,937,104
75.355,210
53,791,948
71,001,651
70.063,787
70,563.874
50.170.205
70,200,005
71.181.790
g
.
follows:
72,560.007
73.107.S79
d, 7s.,*90
Junction 1st mort. os, *82..
do
2d mort. 6s, 1900
Lehigh Valley, lst,6s,cp., 1896 122
do
do reg., 1898... 122
do 2d m. 7s, reg., 1910..
do
con. m., 6s,rg.,1923 iso
do
do
6s, cp., 19<!8
Little Schuylkill, 1st m. 7s '82
North. Penn. 1st m. 6s, cp.,'85.
do
2d ra.'*,cp., ’96.
do gen. m. 7s, cp., 1903. 120
do gen. m. 78, reg., 1908 125
99* 100
•
•
.
Ogdensb. A L. Champlain
Philadelphia Banks.—The totals of the Philadelphia banka
1881.
Jan. 10....
“
17....
“
24....
"
31...
Feb. 7....
**
14....
“
..
...
180,000
Including the item “ due to other banks.”
are as
Albany
Lowell
Maine
57,000
00.9(X
L. Tenders.
$
0,907,900
A Topeka.
Atchison
Boston A
Boston A
Boston A
317,500
12,400.000 271.603.800 15.460.100 1020.907.905
1-4,241,200 277,931,000 15.771.100 812,503,081
12.934.500 275.580.500 16,030.500 774.084.705
57.611,000 12.710.500 275.495.400 10.713.500 950,446.299
60,429,000 12,472,700 232.788.500 16.709,000 815,034,482
149.351.400
100*
*
Norwich A Worcester
13.817.400 285.787.700 18,420,200 1179,878,980
05,162,500 15,036,100 292.370.800 18,425,000 1179,899.303
60.484.100 16,395,000 298.931.900 13.345.500 1224,943,182
60.264.100 17.287.900 302.512.300 18,330,700 955.459,473
07,603,700 15.997.500 3)7,097,200 18.303.300 1042,395,915
07,800,600 15,540,000 307.924.300 18.352.300 947,812,074
05.349,000 14.887.200 307.718.100 18.259.500 1105,402,825
58.074.200 15,048,000 290.517.300 10,181,000 1143.978.545
54.894.100 13.289.200 274,442.000 15.448.500 1241,050.579
7.741.400
7.848.100
7,770,090
7,207,700
..
STOCKS.
225.000
11,939,000 307.798.700
12.474.900 307.708.200
12,078,900 295.871.400
12,098,200 289.527.100
12,030,700 270.132.700
12.579.900 200.385.200
13.318.400 207,029,900
13,3iMt,900 267,008,000
12,790,000 272.400.900
*
59fc
'19
114
85
8d m. cons. 7s. 95*.
do
118* 118*
110*
110
90
94
..
..
Vermont A Mass. RR.,6s.
270,000
01,948,900
7.150.100
7,567,000
7,409,500
122
117* Oil Creek 1st
1,320.000
1,597,900
2,202.000
4.743.400
L. Tenders.
$
Specie.
Se. Pac. 7s.
Lake Ch.6s.
1.043,500
Boston Banks.—The following are
banks for a series of weeks past:
1881.
Jan. 10..
.
Qgdensburg A
92,500
333,000
5.438.700
15.
.302,804,300
22. ...307,839,000
“
29. ...310,082,200
Feb. 5. ...316,092.900
“
12.. ..317,139,100
“
19.. ..320.807,300
20. ..3ie.584.400
Mar. 5. ...298,185,400
“
12.. ..290.252,900 55,308,000
“
19. ...300,177,300 59,552.000
“
20. ...300,622,000 57,008,900
“
100
...
the totals of the New York City Clearing
a series of weeks past:
04,955.400
63,830,600
60,177,000
54,534,000
53,933.200
55.077,800
57,086,000
58,047,900
is
New Mexico A
1,110,900
House Banks’ returns for
“
ww
5s,perp
do
237,8001
Specie.
113*
St
174,000
30.000
45.400
Inc.
60.091.700
Jity.
do
••*•
lib
59*
105
..
Little RTt
450,000
Specie
Legal tenders
Loans.
$
1881.
Nov. 6. ...324,370.200
105>,)
••
_
125
Harrisburg 1st mort. 6s, *83...
H. A B. T. 1st m. 7s, gold, ’90.
do
lstm. 7s, Id. g.’89 121
do
2d m. 7s, gold, *95. 111
do
2d m.f J.scrlpg.,7s
103* IthacaA Athens 1st
..
14.702.500
6.042.300
Inc. $4,950,300 | Net deposits...,
are
Eastern, Mass., 4*s, new.
Fitchburg KB., 6s
do
7b.«.»»«....
Fort Scott A Gulf 7s
Hartford A Erie 7s
192.500
222.300
Loans and discounts
following
113
1.140,800
2,210.100
0,531,000
2,033,300
11,508,000
1,894,000
The deviations from returns of previous week are as
Dec.
..
3,022.400
1.458.200
394.001
•
iw.
7
569. U00
953.300
1.308.400
2,818,000
Nebr. 6s
810,000
1,201,000
45,000
200,MOO
2.491.100
4,304.200
1.701.1 OC
1.153.100
1.195.100
• • •
•
7s.
17.277.000
8.347.000
3,340.000
1,696 < 00
•
ix
do
do
• •
do
•
518.400
890,000
289.000
280.500
5.272.300
120H 127
<
224.000
1,110,000
....
..
6s
do
Boston A Lowell 7s
do
6s
Boston A Providence
227,700
3.392.200
Albany 7s
Boston*
Connecting 6s, 1900-1904
Chartlers Val., 1st m. 7s.C.,190i
Delaware mort..6s.various..
Del. A Bound Br., 1st, 7s, 1905
East Penn. 1st mort. 7s, *88 ..
El. A W’msport, 1st m.,78,'S0.
• •
•
•
».
land me
Boston A Maine 7s
6,058,000
3.918.700
00.875,200 305,244,40(1 00,429,600 12.472,700 282.788.500 10.709,000
Total
The
tion.
f
318.000
640.500
119
7s 119
..
762.200
2,917.000
13,484,700
5.509.1 00
1.374.100
Circula¬
other
than U. S.
Ask.
Bid.
SECURITIES.
Ask.
Catawlssa, new 7s 1900
BOSTON.
1st m.7s
do
land era
do
Net depVs
Legal
Bid
securities.
Atch. & Topeka
of
Philadelphia and Baltimore.
Quotations m Boston,
the
City Banks.—The following statement shows the
.
condition of the Associated Banks of New York City for t 9,
week ending at the commencement of business on April
New York
Average amount
415
CHRONICLE.
THE
1st m., 1890, J. A J....
2d m.,guar., J. A J....
2d m., pref
2d m.,gr. by W.Co.J AJ
6s. 3d in., guar., J.A J.
do " 2d, M. AN .......
do
Ss, 3d, J. A J......
Ion RR. 1st, guar., J. A J..
<to
Canton
endorsed.
ii*7
118*
108* 109*
122
92
46*
iio*
THE CHRONICLE.
416
I vol. xxxn.
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
are
quoted
on a previous page.
STATE
Clash
...
72
71*
72
94
A, 2 to 5, small
Class B, 5s
Class C, 2 to 4
*
es, 10-20s
Arkansas—6s, funded
7s, L. Rock A Ft. Scott iss.
7s, Memp. A L. Rock RR.
7s, L. RP.B.A N. O. RR.
7s, Miss. O. A R. R. RR...
7s, Arkansas Central RR.
,
Connecticut—6s
Georgia—6s
7s, new
7s, endorsed
7s, gold
Louisiana—7s, consolidated
7s. small
300
27
13
13
13
13
13
104
109
111
111
118
-
-
*
....
93
....
T
.
f
.
35
*
*
*
t
t
t
T
.
.
15
§40**
§43*
7 i"
§22
140
§62k
131
Banbury A Norwalk
Dubuque A Sioux City
A Pere Marq., pref.
Frankfort A Kokomo
Flint
.
Harlem
Ind Bloom. A Western
Keokuk A Bes JMoines
do
do
nref.
Louisiana A Mo. River
Louisv. N. Alb. A Chicago..
Manhattan Beach Co
Memphis A Charleston
Mllw. L. Shore AW., pref..
§97
§19
§75
§50*
48*
Missouri Pacific
N. Y. New Haven A Hartf. §179*
N. Y. Ontario A West.,pref.
Peoria Becatur A Evansv.. §37*
Pitts. Ft. W. A Chic., guar. § 132ft
Rensselaer A Saratoga
j j 140
Rome Watertown A Ogd...
St. Paul A Duluth
do
do
pref. §76*
Bt. Paul Minn. A Man
§91
Toledo Delphos A Burl
Miscellaneous St’ks.
A a funs Express
American Express
130
77*
United States Express
59*
Wells, Fargo A Co
American Coal
Atlantic A Pacific
Telegr..
Boston Land Co
Canton Co., Baltimore—
Caribou Consol. Mining
..
Central Arizona Mining....
Central N. J. Land Imp
Climax Mining
Colorado Coal A Iron
Consolidation Coal of Sid..
46
4*.
36
Beadwood Mining
Excelsior Mining
Gold A Stock Tel
Homestake Mining
La Plata Mining
Leadville Mining
Little Pittsburg Mining
10
5
26
...
Mariposa L’d A Mining Co.,
do
do
pref.
Maryland Coal
Montau fe Gas Coal
New Central Coal
N.Y. A Texas Land, limited
Ontario Silver Mining
3*
§6
§7*
37
15
do
pref
Silver Cliff Mining
Standard Cons. Gold Mining
8tormont Silver Mining....
Butro Tunnel
$
65
6*
24*
3*
2*
Railroad Ronds.
Bttit, AO.—lst6s,Prk.b.l919
Bost. H. A Erie—1st m.,
Bur. Ced.R.A North.—lst,5s
Minn.A St. L., 1st, 7s, guar
Iowa City A West’n.lst 7s
C.Rap. Ia. Falls A N.lst 6s
Central Iowa, 1st m.7s, 1899
Ghes&p.A O.—Pur. m’y fund
6s, gold, series B, int. def.
fie, currency, int. deferred
Chicago A Alton—1st mort
£..
59*
100*
124
1st guar.(564) 7s,’94
2d M. (360) 7s. 1898
2d guar. (188) 7s, ’98
Miss.Riv.Bridge,l8t,s.f,6s
Chic. Bur. A Q.—8 p.c., 1st m
Consol, mort., 7s
fie, sinking fund
Chic. Rk. LA P.—6s, cp.,1917
fie, 1917, registered
Ceok.A Des M.t 1st, g., 5s.
Central of N. J.—1st m., ’90.
1st consolidated, assent’d
Convertible, assented
Adjustment, 1903
Leb.A W. B.,con.,g’d,is’d
Am. flock A Impr., ass’td
Chte.Mll.A
8t..
P.-^-lst.8s, P.D
**«•
*«
1ft
T> r>
•Priocs nominal,
tone-
108
Union Pacific—1st mort..
Land grants, 7s
110
118
Sinking fund
Registered, 8s
Collateral Trust, 6s
116
Kansas Pac.—
1st 0s, 1895
1st 6s, 1896
Denver Div.,
.
106
2d mort
1st con., guar
Rens.A Saratoga, 1st,coup
do
1st, reg.
118
Denv. A R. Grande—1st, 1900
do
cons.
1st
7s. 1910
9
Den. S. P. A Pac.,1st 7s,1905 108"
128*
3* Erie—1st mort., extended.. *108*
2d mortg., ext’n 5s. 1919..
107*
3d mortgage, 7s, 1883
4th mort. Ext., os. 1920...
do
do
S8
Dock bonds
—
128
*118
1916
28
2d,con.,f.cp.,5s.6s
93
Buff. N.Y.A E,
1st
m.,
N.Y.L.E.AW., new 2d 6b. .
do 1st, con., f, cp.,7s
120
0s,Hssd,’99
1st. cons. 0s, 1919
Cen. B’ch U. Pac.—1st 6s..
F’d Coup; 6s, 1895
Atch.C. A P., 1st 0s, 1905
At.Jew’l Co.AW.—1st 0s
Mo. Pac.lst cons. 03,1920.
Pacific RR. of Mo.—ist m.
2d mortgage
114*
108*
129
108*
St.L. A S.F., 2d 6s.cla8S A.
130
12L
102*
|
126*!
9b*
do
3-08, class C.
do
S-0s. class B.
do lst6s,Peirce,CAO
do Equium’t 7s, ’95
South Pac. cf Mo— 1st m.
Texas A Pac.—1st, 6s, 1905.
Consol. 6s. 1905
Income and land gr’t. reg.
1st Rio Gr, Div., 6s, 1930.
j
• • •
*
IS*
119
114*
*
do
104*
90
|
1C5
97
|
127* 128*
100
95"
1.
107*
-
f
.
.
.
•
•
•
t
•
*
*
*
-
*
*
-
-
*
*
130
132
toil/
t And accrued interact
133
1S1
1
•
•
.
117* 117ft
08
72
TOO"
192
102
119* 120
120
no*
123
H 5ft 116*
88
109*’
9«ft
56
08
95
73*
do
Sand’y Div.,inc.l920
Laf. Bl.A Mun.—Inc. 7.1899
73"
86
57
45
do
do
43
80
N.Y.LakeE.AW.Inc. 6s.l977
N.Y;Pa.AO.,lst inc. ac, 5-7s.
66*
N.O.Mob.ATex.deb.sc.,1030
Ohio Central—Inc., 1920
Ogdb’gAL.Champ. inc. 1920
104* 104* Peoria Dec A E’vilie— Incs.
101
Evansv, div. lric. 1920
St.L.I.M.AS.—1st 7s,prf
2d 6s. int accum’lative
*
*
107*
-114*
4*
+
.
.
•
.
107
....
.
1104*
102
110
102*
1!5
112
....
115*1
110
•
•
•
•
•
•
.
,,,,
116
103
•
«
.
.
•
•
•
.
•
102*
103
•
•
r
-
-
B
t
.
.
•
•
•
•
f
.
.
.
.
•
.
...
.
....
....
....
•
....
made this week.
*
-
46
100
44
15
87
50
28
100
90
90
19
13
40
101
48
17
92
55
81
106
(Brokers' Quotations.)
•
•
85
86
Southern Securities.
....
•
88
88
18
12
38
N.Y.AGreenw. L.—1st,7s, n.
do
2d
St. Joseph A Pacific—1st m.
2d mortgage
St. Jo. A Western stock
South Side (L. 1.)—1st mort
84*
.
90
112* 115
Stock
w
•
29*
89*
75
“B”
do
29
83
42
Income,“A ”
...
•
11*6”
do
2d mortgage.
Midland of N. J.—1st, new.
....
104
84
97
R8*
N. J .South .—Int.guar .,6s.’99
89
b9
r
107
Long Island—1st mortgage.
104
305
105
95
Chic.A Southwest.—7s, guar +120
Flint A Pere M.—8s, l’d gr’t 106
2d mort
107*
108
t
46*
3
75
2
70
Preferred stock
Galv. Hous.A H.-7s, gld,’71
Kansas A Nebraska— 1st m.
107*
-
51
*!.*.*
Stock
100
r
47*
RAILROADS.
Boston Hartf. A E.-Stock.
115* Chic.A Can. So.—1st m.,g.,7s
H4
Chic. A E. Ill.—S. F.c’y 1907
122
....
100
86*
..
Stg.IronA R’y,Ser’sB.Ine.P4
Tol.Delp.A Bur.,Inc.63.1910
do
Dayt.Div.,03.1910
Tex.A St .L.,L’d G., Inc., 1020
(Brokers' Quotations.)
•
111
103
112
102*
105*
80* *
Miscellaneous List.
•
....
107
ei"
79*
....
305*
112*
100*
59
75
...
*
73*
Len. A Wilkes B.Coal—1888
Lake Erie A W’n-lnc.7s,’99
3d
4th
....
101
101
95* MobileA O.—1st pref. deben
2d pref. debentures
....
0
* No price to-day; these are latest quotations
10*/
....
....
1119*
121
A.
•
118
1
7s *100
St.L. K.C.A N.R. E.A ll.,7s jiliO
Omaha Div., 1st mort., 7sL ••• 110
Clarinda b.,6s, 1919
i 97ft 98
St.Chas.B’dge,lst, 7s, 1908) 100 102
North Missouri. 1st m., 7s *124
West. Un. Tel.—1900, coup. 121
12*5
•
•
•
102'
103
Alabama Cent’l Inc. 6s,1018
119* Central of N. J.—1908
Chic.St.L.AN.O.—2d m. 1907
Col.Chic. AInd.C.,inc.7s,1890
Cent. Iowa coup, debt certs.
C.St.P.AM’s L. Gr.,In.0s,’98
Cnic.A Fast’n 111., Inc.,1907.
133
Ind’s Bl. A W’n-Inc., 1919..
: 11 i
Tnd’s Dec. A Sp’d, 2d Inc...
100* 100* Int. A Gt. Northern—2d Inc
ttt
124*
103
registered
Wab. RR.—Continued.
Hannibal A Naples, 1st
112*
118
100
no
:105
:105
133
•
105
107
128
105
1«% 19*
INCOME BONDS.
....
1139*
81
39
1900, registered
Spring.Y’yW. Works—1st 6s
84ft Oregon R. A Nav.—1st, 0s..
*
-
80*
108
,
T
74
38
85
85
117
BONDS.
•
*
73*;
..
....
Atik.
10*
*•
•
•
*
....
•
$•
Tennessee—6s, old
68, new
97*
17* Flint A P. Marq., M. 0s, 1020 *105 " 100
Pennsylvania RR—
07v Gal. Har’g A S.Ant’o. 1st 6s,
135
138
1st
La
Pitts.Ft.W.A
Chic.,
1st
m.
Grange
Ex
.6s,
1910
6*
2d mortgage, 7s. 1905. ...
do
do
2d m..
24ft
109** 109*!
do
do
3d m..
3* Han. A St. Jos.—8s, conv... 110*
Ill*
Cleve. A Pitts., consol., s.f. il26*
2* Hous.ATex. C.—1st, m.l.,7s no
do
4th mort... 112*
1st mort.. West. Div., 7s..
112
126
1st mort., Waco A N., 7s.
Col. Chic. A I. C., 1st con..
123
do
2d C., Main line, 8s
2d con...
115**
do 1st Tr’t Co.ctfs.ass.
2d Waco A N., 8s
112
*100
do 2d
do
Inc. and ind’y, 7s
ass.
59* lll.Cent.—Dub. ASioux C.lst *.... 105
do 1st
do
suppl. 116** 11*8"
lol
Dub. A Sioux C., 2d div...
St.L.Va.AT.H., lstg.7s,r97 120
11*4*
do
2d 7s. 1898
Cedar F. A Minn., 1st m
do
2d gtd.7s, ’98 106*’ 1U"
Ind. Bl’m A W.—1st, pref. 7s 121
87
S8
89*
89*
106*
1st mort., 7s, 1900
Rome Wat. A Og.—Con. 1st.
80
82
118
112*
2d mort., 1909
St. L. A Iron Mount’n—1st m 118
115
2d mortgage
Ind’s Decatur A Sp’d 1st 7s 104*
110
-13
110
84* Int. A Gt North. 1st Bs.gld
Arkansas Br., 1st mort...
56
113
L. Shore—M.S.AN.l., s.f.,7s 112*
Cairo A Fulton, 1st mort. HI*
112
122
111
108
Cairo Ark. A T., 1st mort.
Cleve. A Tol., sink.fund..
112
102*
do
new bonds.
St. L. Alton A T. H.—1st m.
113
*ii‘6"
2d mortgage, pref
Cleve. P’ville A Ash., 7a
+105
do
income.,
Buffalo A Erie, new bds... 120
102
Belleville A So. Ill., 1st m. £113
Buffalo A State Line, 7s.
Ill
Kal’zoo A W. Pigeon, 1st
St. P. M. A Mahit’a—1st, 7s.
124* *
103* <104
2d mort., 6s, 1909
Det.Mon. A T., 1st, 7s.’1906
121
Dakota Ex. 6s, 1910..,
106* 107*
Lake Shore Div. bonds
128
129
90*
do
cons, coup., 1st
Tol. Del. A B. r’ds, main 8s.
126
:90
126*
1st Dayton Div., 0s, 1910.
do
con6. reg., 1st.
124ft 125*
cons, coup., 2d
lift Ter’l Tru t. 6s, 1910.
£97*
do
101
100
124* 125* Wab.St.L. AP.,gen.,6sl920
do
cons, reg., 2d
93
95
120
do Chtc.div.,5is,1910...
Lonlsv.A Nash.—Cons.m.,7s 119
105*
do Hav. Div., 6s, 1910. 100
101*
2d mort.^7s, gold...
108
125
do T.P.AW.,lst7s,1917 116* ’117
Cecilian Branch, 7s.
102
N.O. A Mob.,1st 6s. 1930..
102* Wab. RR.-Mortg. 7s of ’79. 107 108
10S
E. H. A Nash., 1st 6s, 1910
no*
T.AWab., 1st ext.7s,
109*
1st St. L. div.7s,ex mat.cp. 108
118ft
Gen. mort. 6s, 1930
106*
114
123
2d mortgage ext., ex coup
Nashv. A Decatur, 1st, 7s *119
50
L. Erie A West.-lst 6s, 191P
108*
Equipment bonds, 7s, 18®
118 ’
do
no*
Consol, conv., 7s
Sand’y Div.,0s,1919
Laf. Bl.AMun.—1st 6s. 191b 108* loft"
Gt. Western, 1st m., ex cp
112*
111
182* 'Louisv.N.Alb.AChic—1st 6s 103* ;104
do 2d m..7s.’93,ex cp 11*6
92
03
Manhattan B’ch Co. 7s, 190b
Q. A Tol., 1st, 7s, *90,ex cp. 102
129* N.Y. A Man .Bean 1st 7*.W 110 I
Ill.A So. Ia.. 1st m.7s,ex cp 101
T
Income
Sinking fund
Joliet A Chicago, 1st m..
Louis’a A Mo., 1st m., guar
do
2d 7s, 1900
Bt. L. Jack. A Chic.. 1st m.
111
Metropolit’n Elev—1st,1906
123
Metropol. Elev.—2d 6s. 1899
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f
122*
Equipment bonds
1st Pa. div., coup., 7s, 1917 *123”
do
reg., 7s. 1917
113"
Albany A Susqueh., 1st m.
11
5M
•
6s, new series..
Virgina—6s, old
6s, new, 1866
32 I
6s, new, 1867
1
6s, consol, bonds
9 1
6s, ex matured coupon....
9
6s, consol., 2d series
8*
0s, deferred
86* D. of Columbia—3'05s, 192-1.
Registered
Funding 5s, 1899
85*
£121*1125
£116**
•
Marietta & Cin.—1st mort..
1st mort., sterl
122*!
7l5~
Os, Act Mar. 23,1869.)
....
(Stock Exchange Prices.)
Alabama Central,1st 6s.1918
—«
V*
40
m.,’84
extended.
Coup., 7s,’94
Reg. 7s. ’94.
do
do
do
do
Pullman Palace Car
Quicksilver
do
Del. A Hud.Canal—1st
1st mortgage, 1891
t
*
ioT*
AND
Rhode Island—6s,coup.’93-9
South Carolina-
20
8*
STOCKS
Bid.
Non-fundable
(
•
SECURITIES.
■ft
8
8
•
Long
Oregon Railway A Nav. Co. 1145
•
....
oth mortgage, 7s. 1888
1st cons, gold 7s, 1920
Pennsylvania Coal
....!
120
120
90
90
14
14
25
24
6*
122
I. A M\ 1897
*123
1. A D., 1899
122
C. AM., 1903
122
Con. sinking fund, 1905...
2d mortgage, 1884... ... .. *101*
0s, 1909
123* M0.K.& T.-Gen.con.0s.l92O
1st m., 7s, I.A D.Ext-.,1008
Cons.ass..1904-6
107ft 108*
3.-west div., 1st 6s, 1909.
2d mortgage, inc., 1911 —
1st 5s, LaC. A Dav., 1919.
97*
H. A Cent. Mo.. 1st., 1890.
1st So. Minn. div. 6s, 1910. 106* 107
117*
Mobile A Ohio—New m., 0s.
1st m.. H. A D.. 7s. 1910...
110
111
Nash. Chat. A St. L.—1st 7s
Chic. A Pac. div.. 6s.1910..
93* 98ft N. Y. Central—6s, 1883
Min’l Pt. Div., 5s, 1910....
Chic. A Northwestern0s, 1887
no*
0s, real estate
Sinking fund
105
no
Int. bonds
6s, subscription
130
133
N. Y. C. Allud., 1st m., cp.
Consol, bonds
110
do
1st m., reg
Extension bonds
109"
Huds.
R„ 7s, 2d ra„ s.f.,’85
1st mortgage
125"
124*
Canada
South.,
1st,
int. g.
Coupon gold bonds
124*
Harlem, 1st m., 7s, coup..
Registered gold bonds. ..
107*'
109
do
1st m., 7s, reg....
• •
Sinking fund
N. Y. Elevated—1st, 7s. 1906
do
registered..
127'
’
N.Y.Pa.AO.,prior
lien 6s,’95
Iowa Midland, 1st m., 8s..
102
103
N.Y.C.A N’n,Gen.M.,0s,1910
Galena A Chicago, exten.
N.Y. A NewEng.—1st 7s,1905
Peninsula, 1st m., conv... *120
120*
1st 6s, 1905
Chic. A Mil., lBt
-08*
Nevada Central—1st m. 8s.
48ft
Winona A St. P., 1st m...
N. Pac. bond cert. 6s, 1921..
do
2d m.... 118
;124
Ohio A Miss.—Consol, s. f’d
C. C. C. A Ind’s—1st, 7s, s. f.
120
Consolidated
Consol, mortgage
2d consolidated
C. St.L.A N. O.- Ten. lien 7s *113*
115
117
1st m., Springfield div —
••
1st con.7s
104
101*
Ohio
Cent., 1st m., 6s, 1920.
C. St. P. Minn.A 0’aCons.6s,
do 1st Ter’l Tr.,0s, 1920
Ch.St.P.A Min.,1st 6.-U918 111*
Panama S. F. Sub’y 6s, 1910
N.Wisc.. 1st M., 6s., 1930..
109* Peoria Dec. A E’ville, 1st 6s
St. P.A Sioux C.lst 6s.1919
109*
Evansv. div.,1st 6s, 1920..
Chic.AE.lll.,lst S.F.C’y,1907
Pacific Railroads—
Del. Lack. A W.—7s, conv..
Central Pacific—Gold bds.
Mortgage 7s, 1907...... .... £126* 127
121*
San Joaquin Branch....
133
Syr. Bii «h. A N. \., 1st, 7s 121*
184
1135*
Cal. A Oregon, 1st
Morris A Essex, 1st m
78*
117
118
State Aid bonds
do
2d mort...
111
Land
do
1900
bonds,
grant bonds
il*9**
Western Pacific bonds..
do
7s of 1871. 118* 120
123
South
Pac.
do
1st
con.,g’d..
of Cal.—1st m.
48"
§55*
Cumberland A Elk Lick Coal
MISCELLANEOUS
.st m.,
ist m.,
1st m.,
§60*
2
do
1868
New bonds, J. & J
do
A.&O
Chatham RR
Special tax, class 1
do
class 2
class 3
do
Consol. 4s, 1910
Small
Ohio—0s, 1881
I
6s. 1886
109
108
118
120
122
34
Cbic. Mil. A St. P.—Cout’d.
1st m., 7s. $ g’ld,R.I>.,190*
1st m.. La C. Div., 1893....
coup,
coup,
-
1887..
6s, gold, coup., 1887
6s, loan, 1883
6s, do 1891
119
6s, do 1892
6s, do
1893..
0')* 61*
53
North Carolina—6s, old..TAJ
A.A O
off, J. A J.
off, A.A O,
Funding act, 1866
111
112
112
116
109
....
Atchison Top. A Santa Fe.
Boston A N. V. Air L., pref.
Buffalo Pitts. A West
do
do
pref.
Burl. Cedar Rapids A No...
Cedar Falls A Minnesota...
Central Iowa
do
1st pref
do
2d pref
Chicago A Alton,pref
Cin. Ind. St. L. A Chic
Cin. Sandusky A Cleveland
Clev. A Pittsburg, guar....
,
110*
112*
(Active previously quoted.)
Albany A Susquehanna.... §123
do
do
do
reg.,’37 109'
AND
34*
6s, old, A.A O
No. Car. RR., J. A J
....
Railroad Stocks.
do
do
N. Carolina.—Continued.
Michigan—6s, 1883
7s, 1890
Missouri—6s, due 1882 or ’83
6s, due 1886
6s, due 1887
Os, due 1888
6s, due 1889 or ’90
Asylum or IJniv., due ’92T
Funding. 1894-95
Hannibal A St. Jo., 1880..
do
do
New York—6s, gold,
Ask.
Bid.
SECURITIES.
SECURITIES.
RAILROAD
'
BONES.
>
Alabama—Class A, 2 to 5
•
Ask.
Bid.
SECURITIES.
Prices represent the per cent value, whatever the par may be.
,
U, S. Bonds and active Railroad Stocks
'
•
STATES.
So.Carolinar-Con., 6s (good)
Browne cons
Texas—6s, 1892
104
no
M.A S.
7s, gold, 1892-1910 ..J.A J.
7s, gold, 1904
J.A J.
Virginia—New 10-40s
no
118
51
100
112
118
120
52
RAILROADS.
tllO
Atlantic A Gulf—Consol..
Cent. Georgia—Cons, m., 7s 114
125
Stock
Charl’te Col.A A.—Cons., 7a 108
98
2d mortgage, 7s...'.
39
Stock
E. Tenn. Va. A Ga.—1st, 7s. 117
ICO
Stock....
112
Georgia RR.—7s
110
8s
145
Stock
Memp. A Charles—1st cons, 112
111
1st cons. Tenn. lien. ..
43
Stock
Mississippi Cent.—Istm. 7s 105
HO
2d mort., 8s
Miss. A Tenn.—1st m., Ss, A 120
117
1st mortgage, 8s, B.. ..
110
N. O. A Jacks.—1st m., 8s...
117
Certificate, 2d mort., 8s.,
103
Norfolk A Peter8b.—1st, 8s.
103
1st mortgage, 7s
HO
2d mortgage, 8s
.
124
Northeast., 8. C.—1st m., 8s
116
2d mortgage, 8s
Rich.A Dan.—1st cc nsol., 6s 104
94
Stock
Southw. Ga.—Conv ,7s, ’86. 110
115
S. Carolina RR.' ist m.. Vs. 106
46
Stock, assessmt. paid....
104
7s, 1902, non-enjeined...
63
Non-mortg. bonds
West Ala.—Ist mort., 8s.... 114
114
2d mort., 8s, gna,*
Western N.C.—1st m., 7s... 105
,
I No quotation to-day; latest sale this
113
116
130
110
100
43
118
105
112*
155
llfi
45
108
112
125
120
118
119
105
94*
110
48
HO
65
106
week.
417
THE CHRONICLE.
10, 1881* ]
April
NEW YORK
SECURITIES.
LOCAL
Insurance Stock List*
Bank Stock. List.
at
Mark’d thus (*) IS
we
not
latest,
dates. §
Nat’1.
Amount
3,000,000 1,584.400 ). A J.
5,000,000 1.001,500 M.AN.
Bowery■ 100
25
1,000,000 1.263.900 ■1,4 J.
Broadway
Butchers’A Dr.
100
100
Central
Chase
...
ion
Chemical.,..
Citizens’
City
Commerce
ion
10O
iOO
.
Contla »ntal.
1 mi
Corn Exch’ge*.
East River ....
llth Ward*
Fifth
Fifth
30
50
75
100
300,000
181 700 J. & J.
150,000
,100,000
500,000
200,oou
600,000
1.000,000
750,000
200,000
200,000
Exch.*
Germania* .... 100
Greenwich*. . 25
German
200,000
100 1.000,000
1 500,00-)
Iinp.& Traders’ 100
Hanover
...
Leather Manuf.
Manhattan*
Marine
Market
Mechanics’.....
M>ech. Assoc’n.
Mech’ics A Tr.
M Tcantlle
Merchants’.
Merchants’ Ex.
...
.
Metropolitan
Mount Morris*
..
Nassau*
New Yor*.
N. Y.County..
N. Y. N. Exch.
Ninth
No. America*..
North River*.
Oriental*
Pacific'
....
Park
People’s*
Pheuix
Produce*
8t. 'Ucholas....
Seventh Yard.
Second
Shoe A Leather
Sixth
State of N. Y..
Third
Tradesmen’s...
Union
Unite! States.
WflU Kidft*.
..
100,000
600.000
.
.
Hi-m’ly
.Inn., ’81. 8
0*a Jan ’81. 3^ 121
7% Ian., ’81. 4
0
Mar.,’81. 4
6
Jan., ‘81. 3
100
Mar., ’81.15
0>i Jan., ’SI. 3>*
100.000
100
100 1,000,000
100 2,000,000
100
200,000
100
300,000
750.000
100
70
700,000
30
240,000
25
300,000
50
422,700
100 2,000,000
25
412,500
20 1,000,000
50
125,000
100 1,500,000
100
500,' 00
100
300,000
100
300,000
100
500,000
100
200, OOi,
100
800,000
100 l.COO.OOO
40 1,000,000
50 1,200,000
100
250,000
IOC
200,00
•
^
r
•
T
«
«
.
1*
•
-
,
...
70,300
81,500
759,500
48,000
88 300
149,5U0
180.400
02,9 0
.
«
„
,
12
5
8
8
Fan..
Nov.,
July,
May.
Tan.,
7^
Q-F.
878.000 J. A J.
121.800 J. A J.
6
7
180.800
231,700
221,500 J. A J.
1,400
#1
,f
H
720 500 F.A A.
129.700 J. & J.
J.
56,200 J.
94.000 F. A J.
175,500 J. A J.
01.200 I. A J.
310,300 M.A N.
214.100 J.& J.
820 400 F. A J.
776,100 M.AN.
300
124,000
1. A ,1.
•
,
Nov.,
Jan.,
Jan.,
Keb.,
Jan.,
10
7
7
3
’80. 3
‘31. 4
’81. 4
3
8
8
6
7
...
7
8
12
Irving
*
Kings Co.(Bkn)
Jefferson
Knickerbocker
Lal'ayette(Bkn)
Lamar., .;
Lenox
96
LongIsl.(Bkn)t
Lorillard
Manuf.A Build.
Manhattan
Mech.ATrad’rs’
iio
Mech’tcs’(Bkn)
Mercantile.,
3^ 100
3^
3
iook 101
3^
Jan., ’81. 4
Feb., *81. 2*
151
158
Jan., ’81. 4
Jan., ’81. 3>*
101
Jan., ’81. 3
140
10
Nov.. *80. 5
12
Jan.. ’81.10
[
Brooklyn Gas Light Co
Oitizens’Gas Co (Bklvn)
25
.......
Harlem
50
20
50
100
V-r.
100
Jersey City A Hoboken
Manhattan
Metropolitan
do
certificates
Mutual, N. Y
bondB
do
1,000
25
Va
100
10
Nassau, Brooklyn
do
scrip
New York
People’s (Brooklyn)
.
.....
Bondi
Bonis
Central
5,000,000
1,000,000 f. A J.
375,000 Vf AN.
125,000 Var.
400,000 F.A A.
Var.
50
50
New York
do
1,000,000 Quar,
1,000 1,000,000 A.* 0.
100 1,000,000 M.AN.
100 3,000,000
bonds
Metropolitan, Brooklyn
Municipal
eo
Quar.
1,000,000 F.A A.
1,000,000 Var
700,000 M.AN.
4,000,000 vf.&N.
1,000
ot
Williamsburg
.
20
1,C00
bonds...
do
Var.
Var.
315,000 A. A U.
F.AA.
1,850.000
750,000 J. A J.
4,000,000 F. A J.
2,500,000 M.A S.
1,000,000 M. A S.
2,000,000
1,200,000
bonis
ioo
Fulton Municipal
750.000 M. AN.
1 50.J.000I
[Quotations by H. L. Grant, Broker, 145
Rate.
145
Date.
7
3
7
5
0
115
Aug., ’80
50
100
70
155
180
130
103
71
104
50
45
105
1882
3^t
1st mortgage
100
1,000
Broadway & Seventh av.—St’k
100
1st mortgage
1,000
1st mortgage
1,000
Brooklyn City—Stock
10
Broadway (Brooklyn)—Stock
..
100
100
Brooklyn & Ilunter’s Pt.—St’k
1st mortgage bonds....
1,000
100
Bushwiek Av. (B’klyn)—Stock.
Central Pk. N. & E. niv— Stock
Consolidated mort. bonds....
Christopher & Tenth St.—Stock
100
1,000
100
900,000 J. A J.
694,000 'J. A J.
2,100,000 Q-J.
1,500,000 J. AD.
2,000,000 Q-F.
300,000 M.AN.
200,000 Q-J.
400,000 A. AO.
100
45
95
Nov., ’80 98
’70
25
Jan.,
’80
'OV., ’80
Dec.
1897
0
1900 &c
3
July, ’80
2
Jan.. ’81
0
1900
2H Jan., ’81
5
Apr., ’81
6
1888
7
300.000 J. A J.
500,000 J. A J.
1,800,000
Q-J.
1,200,000 J. AD.
050,000 F.A A.
250,000 J. A J.
Bonds
1,000
100 1,200,000 Q-F.
Dry Dock E.B.& Batt’ry—Stock
■1st mortgage, consolidated .. 500Ac
900,000 J. AD.
100 1,000,000 Q-J.
Eighth Avenue—Stock
1st mortgage
1,000
203,000 J. A J.
100
42d St. & Grand St. Ferry—St’k
748,000 M.AN.
1st mortgage
1,000
236,000 A.AO.
100
Central Cross Town—Stock
600,000
1st mortgage
200,00 > M.AN.
1,000
100
Houst.WestSt.A Pav.F’y—St’k
250,003
500
1st mortgage
500,000- j. A J.
H Jan., *81
Second Avenue—Stock
3d mortgage
Consol, convertible
Extension
Sixth Avenue—Stock
1st mortgage
Third Avenue—Stock
1st mortgage
Twenty-third Street—Stock.
1st mortgage
*
:....
100
1,199,50) J.&J.
1,000
1,000
:oo&c
100
1,000
1,000
Tuns column shows last dividend on
A.& O.
1,050,000 M.AN.
200,000 M.A 8.
750,000 M.AN.
500,000 J. A J.
2,000,000 Q-F.
1,000 i ,000,000 J. Ad.
100
600,000 F. AA.
100
..
150,000
July. ’81
Feb.. *81
Nov., ’8 >
Apl., ’81
Oct., ’80
1888
Nov., ’80
Apl., ’31
Feb., *81
June,
Apl.,
Jan..:
Nov.,
’93
’81
’81
’80
Apr., ’93
....
....
•
10O
eO
104
101
70
60
00
101
(WTlWl
1,039.246
150.000
2,244
148,809
70,778
19,160
303,380
207,372
2,297
UjWV ,uvu
500 OOO
200,000
200’000
200,010
150i000
280,000
150 000
50
300,000
200,000
250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
130,553
235,204
169,491
30,150
145,374
71,298
149,332
210,000
200,000
98,660
17,122
500,000
350,000
200,000
200'000
150,000
200,000
000,000
200,000
300,000
50
Republic
t 100
25
Rutgers’
50
Standard
100
8tar
100
Sterling
25
Stuyvesant
Tradesmen’s.... 25
United States.. 25
10
Westchester...
Wllllamsb'g C. 50
121.540
322,826
1.000
200,000
300,000
l
10
10
10
10
10
10
20
5
3^
5
10
8>i
10
20
5
14
10
10
162.032 10
10,509 10
192,013 12
3o6!66o
50
12^'
20
10
10
97,930 10
27,857 10
7,501 10
150,000
200,000
200,000
200,000
500,000
200,000
200,000
300,000
250,000
3S0.000
250,000
pipes and mains...
reservoir bonds....
Central Paik bonds. .1853-67
do
..1853-65
no
Dock bonds
1870
do
t
Ib75
1865-68
Market stock
80
05
05
104
55
150
105
60
100
Improvement stock....
110
55
do
23>«
M
•
•
•
103^
105
102
140
95
102H
05
108
112
90
100
165
114
175
100
170
110
40
105
30
20
#M
610,643
100,48b
428,674
109,091
203,608
105,093
348,454
38,078
80.434
5
12
10
20
20
10
10
12
20
10
20
14
N’ne
N’ne
11
10
30
12
20
12
15
10
10
20
20
10
13
10
20
10
15
5
20
175,141 0-23
10 s, 803
24.47o 10
136,582 14
83,097 10
227,205 12
150,938 10
449,571 *<i0
12
....
7M
8W
5
0
3m
5
5
0
5
5
7m
3
7«
5
5
5
3*
5
5
5
10
Mar., ’81. 5
Jan.. ’81.10
20
N’ue Jan., ’79. 5
10
10
9
10
8
12
10
12
14
10
10
10
14
10
10
10
N’ne
13
100,0 T3
|Feb.,*Sl 145
250,000 M.A N. 7* JHay, *931105
stocks, but the date of maturity of
Jan., ’81. 5
Jai., ’81. 6
Ju’y, ’80. 4
Jm.. ’81. 5
July, ’80. 4
Jan., ’81. 0
Jan., ’81. 5
Fan., ’81. 7
Fan., ’81. 7
Jan., ’81. 4
Jan., ’81. 5
Jan., ’81. 5
Jan., '81, 7
Jau., ’81. 5
Jan., ’81 5
Feb., ’81. b
......
....
•
••A
....
21.0
10 i
!24
135
60
100
220
210
95
100
120
95
105
113
180
155
110
290
03
140
157
80
15?
75
122
95
75
145
200
60
no
95
no
00
137
105
100
V'O
85
120
112
150
115
150
no
.
.
10&
•
.
3*
t
.
175
140
7(V
no
230....
IOO
no
IOO....
120
•90•
•
4
soa
70
150
10O
90
101
85
125
ioo85
,
s
210
65
115
IOO
75
115
70
145
no170
170
90
125
11B
•
160
.Ml
05
Jan., ’81. 3’4 70
12
13
Jan., ’81. 7 185
113
8
8
Apl , ’81. 4
230
20
20
Jan., ’81.10
115
12
12
Jan., ’81. O
195
Jan.. ’M.10
20
18
110
12
11
Jan., *81. 5
130
10
10
Jan., ’81. 5
88
10
10
Jan., ’81. 5
7
Jau., ’81. 3m 70
150
20
20
Jan., ’81. 7
o-is 12-40 Jan., ’81.0-23 125
113
12
10
Jan., ’81. 6
7
Au/.f ’80. 3^ 78
8H
115
10
Jan., ’81. 5
W
105
10
10
Jan., ’81. 5
125
11
10
Jan., ’81. 5
no
10
10
Feb., ’81. 5
206
20
20
Jau., ‘81.10
5
Months
•
•%.
75
195
r
•
•
r
-
•
t-
120
lift
135
95
M.a
••
•
•
•
*
110
85
•
• «
•
no
• •
-
C*
capital and scrip,
110
18C
115
no
do
do
do
102*
106
115
•
Price.
do
do
Brooklyn—Local Im ir’em’t—
City bondB
do
..
»••••
«..i
Park bonds
Water loan bonds
Bridge bonds...
Water loan. ... ......
City bonds
Kings Co. bonds
do
do .««««...».*<
Park bonds
Bridge
do
do
do
do
•All
•
do
do
do
do
do
do
Quarterly.
May A November.
January A July,
io
do
do
do
do
do
do
io
do
do
do
do
Mav A November.
do
January a July.
do
do
[Quotations by C. Zabriskis, 47
Jersey City—
Watei loan *long«.
.«»««..«•
...........1863-71.
Improvement bonds
112
Bergen bonds
do
1868-69.
Bid. Ask
due.
1880
1890
100
100
1883-1890 104
1884-1911 106
108
115
125
115
1894-1897 127
107
1889
115
1890
122
1901
107
1888
102
1882
115
1890
122
1894
109
1920
102
1884
1898
1895
1901
1898
101
107
109
120
125
120
109
na
120
lie
128
108
116
123
J03
105
llfl
123
112
103
Broker, 1 New St.]
Brooklyn bonds flat.
112
150
bonds.
do
do
January A July,
do
do
0
7
0
0
0
do
do
do
May & November,
7
7
7
7
7
7
6
Payable.
May & November.
%*■
5
Bonds
1884-1900 112
May & November.
Feb., May, Aug.A Nov. 1907-1911 118
101
•
27 Plue Street.]
Feb., May Aug.A Nov.
[Quotations by N. T. Beers, Jr.,
118
,
5
5
0
6
7
0
5
0
7
0
7
0
7
?*•
5
meat
Asses
115
100
110
,
var
Weitcbester County
Consolidate 1
110
123
100
170
110
150
100
105
100
112*
2H Jan., '81. 9;v*
7
Apr ’85 100
7
Oct., ’80 104
7
Sent.,’83 101
5
Feb., *81 105
7
July, '90 no
5
Feb., *81 180
7
July, ’90 \08
1869
....1869
var
var
do
do
....
New Consolidated
July. *94 102^5 106
t
no
Consolidated bonds
Street imp. stock
7
4
3
do
io
Nov.1904
.
133,251 I7*x
830,027 10^
43,118 10
150.000
1,000,000
200,000
New York:
Water stock
1841-83
Croton water stock. .1845-51
do
do
..1852-60
Croton Aqned’ct stock. 1865
7
.
200,000
Kate.
98
J ’lv.1900 J05
Apl.. 'FI 124
Dec.1902
2\4 Feb.. ’81
1898
7
3
7
8
7
0
7
200^000
Apl., ’81.
•Jan., ’81.
Feb.,*81.
Jan., »dl.
Jan., ’Hi..
Jan., *81?
Jau., *81.
Jan., ’81.
Jan., *31.
Jan.. ’81.
Jau., ’81.
Jan.. ’81.
’81.
12J* Ja
Jan., ’81.
10
Jan., *31.
10
10
Jan., '81.
N’ne Jan., ’79.
10
Jan., ’81.
10
Jan., ’81.
7
Jan., ’81.
15
7
10
15
7
10
11
10
12
10
30
Interest.
Broadway.]
7
2
7
5
7
3
2
7
2H
2
7
10
22
10
330,192 30
22,701 7
1,000,000 1,112,429
1.000,000 812,087
200,000 129,000
Feb., ’81. 8
220
Jan.. ’81.10
.Tan., '81. 5
Feb.-; *81. 5
Jan., ’81. 5
July ’77. 5
Jan., ’81. 5
10
13-77 Jan., *81. 7
[Quotations by Daniel A. Moran, Broker,
*
Bleecker St. & Fult. Ferry—St’k
814
11
7
10
14
10
30
7
Jan’81.10
155
110
195
Jan., '81. 5
Jan., ’81. 5
10
10
10
10
20
20
10
10
City Securities*
Nov., *80 113
1898
4
150,000
200,000
*
Over all liabilities, including re-insurance,
t Surplus Includes scrip.
Feb. ’78 05
Fan., ’81 145
Jan., VI 175
Feb., ’81 152«
3* Feb.. ’81 xlOO
V4 Apr., ’81 69
2U
05,248 io;
04,071 u
145,219
204^000
Bid. Ask*
Last Paid.
Bid. Ask.
*
5
300,000
200,000
200,010
200,000
Relief
11,1881, for the National banks
Amount. Period.
200j000
.ooojooo
50
50
Phe'nix
City Railroad Stocks and Bonds*
Prentiss, Broker, 19 Broad Street.]
Par.
soojooo
N. Y. A Boston 100
New York City 100
50
Niagara
North River.... 25
25
LOO
Park
Peter Cooper... 20
50
People’s
[Gas Quotations Dy ueorge H.
Gas Companies.
250,000
National
37ȣ
N.Y. Equitable 35
New Yo'rk Fire 100
160
Feb., 81. 4
0^ Jan., ’St. 3*^
0
Jan.. ’81. 3
10
Jan., '81. 5
8
Jan., '81. 4
0
Jan., ’81. 3
7
Nov. '80. 3Vu 118
7
Jan., *81. 3^
7
Jan., ’81. 4
8
10
447.577 20
20
18
333,121 20
20
218,070 20
20
20
493,010
185,227 10-72 10
11
132,245 12
1,425 N’ne
10
90,599 18
1,256,130 13 40 13-05
001.090 20
15
10
74,007 10
10
85.590 10
133.170 15
15
210^000
50
Merchants’
Montauk (Bkn)
Nassau ( Bklyn)
10*s
79,402 10
300,000
1
1878. 1879. 1880.
540,073 14
200|000
BOOjOOO
200;000
153^000
50
100
30
20
40
50
100
25
50
25
100
100
25
50
.
July,’74.
6^
Importers’A T..
’81.
*31.
.la i.. ’81.
Jan., ’SI.
•
•
96^
Jan.*, ’81*. 3*
0
3
7
8
3
.
Jan.,
Jan.,
Jan.,
8
8
7
5
94
*81. 3
’80. 5
'80. 3
’80. 3
*81. 3^ 126
’81. 7
’81. 4
’8). 3
’81. 5 150
’81. 3H
’81. 4
81. 4
150
’81. 4
’80. 3
103
2T*
’79.
’79. 3
137
VI.
92
*81. 3
’SI. 3*
160
81. 5
Jan.,
Jan.,
0
•
’81. 4
.Feb,
12
....
7
8
10
,
*81.10
’81. 3H ns*
V0. 3>a 130
Jan.,
Jan.,
July,
Jan.„
.
_
J. A J.
M.AN.
J. A J.
F. A J.
F. A A.
J. A J.
F. A J.
J. A J.
.1. A J,
-.44
4
Fan..
.
.
#
.
Jan.,
Jan.,
Nov.,
Apr.,
Feb.,
May,
Nov,
Nov
•
S The figures In this column are of date Mar.
and of date March 12,1881, for the State banks.
Gas and
Jan., ’81. 3
Jan. 1,
1881.*
400,000
...
ieo
,
.
o
233
Jan.. ’81. 8^
Feb
’81. 5
Jan., ‘SI. 3*4*
July ’70. 3
....
t
^ r
•
•
Nov. ’80. 5
J m., ’81. 4
135
+ 50
American Exch IOO
25
Bowery
25
Broadway
17
Brooklyn
Citizens’
1 20
70
City...
Clinton
100
Columbia
30
Commercial
50
Continental., t 100
40
Fagle
Empire City.... 100
30
Exchange
50
Farragut
17
Firemen’s
10
Firemen’s Tr
FranklinAEmp 100
Germau-Amer. 100
50
Germania
50
Globe
25
Greenwich
Guardian
100
15
Hamilton
Hanover
50
Hoffman
50
Home
100
25
Hope,
50
Howard
Price.
Dividends.
Surplus
Amount
American
,
J. & J.
15
M.AN.
8
J. A J.
J. & J.
7
F.&A, 10
10
f*
«
F. A J.
1
F. A ,J.
0
47.600 r. & j.
0
257.500
2.602.500 Q-J. 120
33
0
7
1,080,500 J. & J.
7
387.300 M.AN.
7
815.. 0) A.A O.
8
7^
101 800 F.A A.
5
5
90.700
5
May.
3
9 ,500 M.&N.
0
0
0
26 000 M.czN.
7
295.300 1. A J.
7
14
2.007 300 J. A J.
14
8
8
143,200 F. A J.
3
5,200 J. A J.
8
444 900 J. A .J.
9
7
7
1,049 5.00 F. A A
3
7
128.100 J. A J.
300 000 J. A J.
8
Vi
8
8
1,108,000 J. A J.
4
85.000 M.AN.
42.400
"
17U.800 M.AN.
7
7
720.500 J. A J
6
184,400 J. A J.
5*
7
7
70,700 I. A J.
9
10
1,’85,200 J. A J.
98,700
Murray Hill*..
Republic
f:0
100
50 3,050,000
400,000
100
500,000
100
25 2,000,000
500,000
50
200,000
25
100 1.000,000
2.000,000
50
50 1,000,000
300,000
100
100 3,000.000
...
Metropolis*.
’500,00-1
50
Island City*...
468 70 1 I A J.
138,900 M. & S.
169,400 J A J
300,000
450,000
300,000 3,330 903
18 *.700
600,000
1 000,000 1,531,0 0
s 000,000 2.860. ('00
239,200
1 000,000
903,700
1 ’000,000
67.100
250,000
1 (.500
100,000
100
100
100 3
First
Fourth.
Fulton
Gallatin.,..
German Am.*
203,100
i.
0
10
10
0
7
3
6
100
6
10
8
Par.
Jan., ’81.
1S8
Nv- V. ’80. 3^ 125
Jan., ’81. 5
*• •
7
7
10
10
7^
A J.
250,000
2,000,000
10(1
Avenue*.
Irving
Capital.
COMPANIES.
10U
100
.
Net
Bid. ABk.
Last Paid.
Period 1879. 1880.
»
America*
Am. Exchange
Chatham
[ Quotations by K. 8. Bailey, Broker, 7 Pine 8treet.]
Price.
Dividends.
Surplus
Capital.
COMPANIB*.
107
137
137
137
107
102
lU0
114
1924
>124
1907-1910J
Montgomery St.. Jersey
January A July.
Janaary A July.
J. A J. and J A D.
January and July.
102H 108
1880-1883
18o3-lS91
1915-1924
1900-1924
1904-1912
1880-1902
1881-1890
1880-1883
1880-1885
118
140
140
140
123
110
111
116
127
!2&
City.]
1C0
1895
1899-1002 111
1891-94
1900
108
107
10 T
112
no
108
418
THE CHRONICLE
OPERATIONS AND FISCAL RESULTS.
Junes t waits
Operations—
1877.
Passengers carried...
695.128
Passenger mileage... 29,066,177
AND
Rate per pass. p. mile
STATE, CIT? 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 is 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.
Cleveland Columbus Cincinnati &
*
*
Earnings—
1879.
1880.
Cts.
Cts.
•792
-575
Increase.
Cts.
•095
•015
•080
•590
•202
The through passengers carried one mile
local passengers carried one mile,
passengers one mile
passengers one mile 18,812,463.”
were
*
were
17,767,610
;
22,595,806. In 1879 the
15,259,169, and the local
*
*
1879.
1880.;-
Cts.
_
Rate per mile
Expense per mile
Net earnings
“Of the entire
competitive.
tained under
Cts.
2-502
1-224
1-278
2-579
1-135
1-444
Increase.
Decrease.
Cts.
Cts.
-077
,
-089
*166
-
freight tonnage of the year, 74 26-100 per cent is
But rates have been evenly held and fairly main¬
existing agreements between the
their connections.”
-
*
*
*
trunk lines and
COMPARISON OF FREIGHT RATES.
Earnings
per ton
Year.
mile.
1871
1872
1873
1-342
1874
i-i92
1875
1876
1877
1878
1879
1880
Earnings
per ton
mile.
per ton
mile.
1074
1-087
1-099
1051
•887
•756
•290
•255
•263
•141
•118
•849
•655
•575
•590
•Oil
•097
•122
•202
Dayton Railroad Company.
Negotiations were commenced
with the other shareholders of said
company, which resulted
in the unanimous choice at the June election of
a board of
directors, made up in part of three members of this board, and
of the President of this
company as President of that. The
result of this arrangement has been
very beneficial to both
companies, and expenses have been reduced and
earnings
increased. Close and friendly relations have been
established,
and the interests of both
companies so greatly promoted as to
give yonr directors strong hopes of an ultimate consolidation
©f their shares.” * * *
“The Cincinnati & Springfield
Railway has earned sufficient to
pay all operating expenses, rentals and interest
charges during
the year, and shows a balance of
$8,636.”
the following payments
account of construction:
made
were
For and at Cleveland for additional
yard facilities
For gravel pit at Bellefontaine
For new equipment—Cars
For
new
equipment—Locomotives
For improvements
on
coal and
ore
docks, Cleveland
!
Total construction expenditures
Comparative statistics
icle, are as follows:
on
$16,450
3,050
93,802
10,155
6482
$129,640
for four years,
compiled for the Chron¬
ROAD AND EQUIPMENT.
1877.
1878.
1879.
391
81
391
81
1880.
391
391
81
83
Total operated...
472
472
472
locomotives
Pass., mail & exp. cars
474
155
152
101
159
107
110
2,938
2,943
841
162
114
3,335
3,672
Miles owned
Miles leas’d & contr’ld
Freight
cars
Coal and other
cars
..
862
88,967
2,770,344
514,591
2,680,814
745,203
84-31
2,692,307
982,748
78-24
72-23
566,614
474,797
ear’gs
1877.
Receipts—
Net earnings
Rentals an# interest.
Day.& Un.RR.st’k,&c
1878.
$
$
745,203
102,696
514,591
149,420
978
972
1879.
$
982,748
83,912
-
618,623
520,052
1,748,983
3,976,625
1,361,483
68-61
Miscellaneous
19',750
Total income
Dish ursements—
Interest on debt
Taxes
Dividends
Accounts charged
off.
Total dishursem’ts.
Balance
Includes in 1878
664,011
$
426,878
175,232
847,899
1,086,410
$
420,087
140,020
$
103,744
66,429
425,180
117,014
374,770
47,864
1^61,483
102,406
46,378
8,000
1,587,294
$
440,492
118,188
749,540
16,437
705,854
*626,536
*964,828
1,324.657
Def.41,843 Sur.221,363 Sur.121,582 Sur.262,637
$21,675 discount
on
bonds, and in 1879 $12,046
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR
1877.
$
..
Assets—
Railroad & equipm’t.
Real estate
Woodlands
St’ks & bds.own’d,c’st
Advan’s to Cin.& Spr.
Bills & acc’ts recv’ble
17,998,642
9,865
37,635
1,747,843
1,251,915
706,689
319,035
75,001
Cash on hand
Miscellaneous items..
1879.
1880.
$
17,998,528
$
$
18,174,435
10,253
'33,777
1,847,043
1,488,130
844,050
198,639
„63,914
4,697
4,707
Total
22,151,332
$
Stock, common
14,991,800
Bds. (see Supplem’t).
6,055,000
Bills payable
•230,000
Bills audited
402,162
(DEC. 31.)
1878.
18,044,795
10,673?
qoo-io
32,325 5
1,684,843 *3,940,770
1,604,916
948,715
758,691
229,909
221,237
329,980
1,004,595
4,655
4,616
22,489,031
22,890,811
24,136,562
$
$
14,991,800
$
14,991,700
6.270,000
600,000
445,078
Liabilities—
14,991,800
6,109,000
321,162
369,739
Dividends
Miscellaneous
Balance to surplus...
452,962
23,005
674,325
Total liabilities...
22,151,332
22,489,031
*
1880.
69,027
Wabash Pool
19,408
6,337,000
369,387
374,770
749,540
21,946
21,700
795,908 * 1,058,544
22,890,811
24,136,562
In 1880 included—Ind. & St. Louis
stock, $300,000, second mortgage
bonds, $458,750, equipment bonds, $218,000; Cin. & Springf. second
mortgage bonds, $526,000; Cin. Ham. & Day. stock, $671,186; Dayton
& Union stock and bonds, $105,772; Columbus Union
Depot stock,
$37,298; Merchants Dispatch stock, $25,000, and a few small items.
Burlington Cedar Rapids & Northern.
•058
“In May and June, 1880, purchases were made
by this com¬
pany of 9,199 shares of the stock of the Cincinnati Hamilton &
year
96,395
$
138,711
$
863,448
3,328,209
146,451
INCOME ACCOUNT.
Net
Expenses
-890
During the
4,338,108
$
1,615,391
113,512
3,675,055
$
492,223
431,374
1,672,315
Operating
Net earnings
P.c. of op.ex.to
2,441
420,482*919
0-792*cts
3,426,017
$
468;i59
458,629
1,589,452
164,574
3,284,935
expenses—
Maint. of way, <fec
Maint. of equipment.
Transports expenses
Miscellaneous
40,363 4ir
2-139cts
739,039
2,796, t05
Total gross earn’gs.
Materials, fuel, &c...
PASSENGER COMPARISON.
2-172 cts.
1830
858 7qi
$
674,665
2,601,385
149,967
680,919
2,453,804
150,212
paid Wabash Pool.
“
through
$
Passenger
Freight
Mail, express, &c....
*
Net earnings per ton mile
2-289 cts.
1879.
740,181
34,071,632
Freight (tons) moved
1,949,480
2,299,711
Freight (tons) mil’ge.275,686,300 345,845,373 401,107,970
mile 0 890 cts.
0-752 cts.
0-697 cts.
Indianapolis.
FREIGHT COMPARISON.
1878.
695,955
29,470,300
Av. rate p. ton p.
*
Freight earnings per ton mile
Cost of freight per ton mile
2-343 cts.
1,624,200
Total
(For the year ending December 31, 1880.)
The report of Mr. J. H. Devereux, President, states that “the
movement of through freight amounts to
312,245,400 tons one
mile, and of local freight 108,237,519 tons one mile. In 1879
the movement was 319,739,341 tons of
through freight one
mile, and of local freight 81,363,629 tons one mile. The total
movement of freight one mile is 420,482,919
tons, at an average
gross rate of 792-1000 cents per ton mile, as against 401,107,970
tons at an average gross rate of 697-1000 cents
per ton mile
in 1879. The increase of the
freight tonnage is 6 17-100 per
cent and the increase in the
gross rate per ton mile is
13 63-100 per cent, as compared with the
figures of 1879. With
the exception of one year (1877) this is the first increase in
the rate since 1873. The cost rate of
freight per ton mile is
690-1000 cents, having been 575-1000 cents in 1879. The increase
in the cost rate, 2 61-100 per cent, is due to increased
cost of
materials and labor.”
[VOL. XXXII.
(For the
year
ending Dec. 31, 1880.)
This company has made a change in its fiscal
year, which
will now terminate December 31. A
report has accordingly
been made for 18 months from July 1, 1879 to December 31,
1880, but for the sake of plainness and better comparison we
use only the earnings, expenses,
&c., for the calendar year 1880,
compared with the calendar year 1879. The President states in
his report that when the property came into
possession of the
present organization it was greatly out of repair and the lines
were incomplete.
Extended repairs and improvements were
necessary.
“
The work thus begun has resulted in
an
extension of the
company’s main line from Plymouth Junction to Albert Lea,
in Southern Minnesota, where connection is made with the Min¬
neapolis & St. Louis Railway. With this connection at Albert
Lea, and connection at Burlington, Iowa, with the Chicago Bur¬
lington & Quincy Railroad south, a through line from St. Louis,
Missouri, to Minneapolis, Minnesota, has been practically
established.
“
The Pacific Division of the
company’s railway, at the time
of purchase by this company, extended in a northwesterly
direetion from the point of junction with the main line at Vin¬
ton to Traer, a distance of
only 25 miles; but in carrying out
the system adopted by our predecessors, this line has been
extended to Clarion, the county seat of Wright County, a dis¬
tance from Traer of 78 4-100 miles.
“
The Muscatine & Western Branch, which extended from
Muscatine westwardly to Riverside—a distance of 30 miles—at
the time of the organization of the present
company, has been
extended to the valuable and inexhaustible coal mines of Keokuk
County, and from thence to Montezuma, the county seat of
Poweshiek County, a distance from Muscatine to Montezuma of
57 miles.”
* * *
“
In addition to these extensions and connections, a connec¬
tion has also been made with Iowa City tur a line of road extend¬
ing from Elmira,
where
on
connection is
Division,
a
the main line, via Iowa City, to Riverside,
made
with
the Muscatine & Western
* * 4
distance of 23 3-100 miles.”
April
LAND DEPARTMENT.
surplus earnings of the road, in excess of operating
and payment of fixed charges, dunng the
covthis report, have been derated to the improvement
«Th«
period
^£l bv
equipment of
STATEMENT
OP
&TATKM
the company’s railway.”
and
.
.
EXPENSES AND NET EARN-
From
194,185
2,053,481
51,580
138,269
246,413
448,106
60,209
44,157
24,145
1,198
7,072
19,726
28,118
58,179
5,723
6,341
6,050
1,880
9,729
8,146
30,213
4,147
2,013
1,950
3,393
15,693
16,100
20,276
7,455
5,908
4,950
295
74
272
67,608
197,754
315,285
579,370
82,920
60,301
38,520
1,963
1,014,078
131,507
58,155
74,050
1,343,724
478,193
86,478
14,719
120,134
709,757
.
*
Main.of motive power
Maintenance of way.
Main, of carB, <fco—
General expenses ...
Taxes
Insurance
for the
Net earnings
*
Including Iowa City and Iowa
COMPARATIVE STATEMENT OP
TILE YEARS
ENDING
E'xpenses.
Tear ending
Year ending
Dec. 31,1880.. 496 63
Dec. 31,1879.. 445*22
$2,053,481
1,534,950
Increase
51*41
$518,530
$358,915 $159,615
1035100p.c. 2525100p.c. 26'7iiooP*c. 22^9joop.c.
ACCOUNT TO DEC. 31, 1880 (18 MONTHS).
STATEMENT OF GENERAL
Dr.
road, equipment and "property to Jan.
$12,907,710
1,1881
:
Cost of leased lines to Jan. 1,1881—Constructed
in 1879-80—Iowa City & Western Railway,
Iowa City to What Cheer
$501,289
Thornburg to Montezuma
143,026
Cedar Rapids Iowa Falls & Northwestern Rail¬
way-Expended account construction Holland
to Clarion
Account new
607,723
equipment
144,200— 1,396,239
Construction—Account Albert Lea & Grundy Co. exten¬
19,807
sions
314,123
Improvement and equipment
171,069
Proprietary railroad—Chicago Clinton & Western Railway.
114,486
Other expenditures
536,142
Coupon interest, paid from July 1,1879, to Dec. 1,1880 ...
Assets— Capital stock not issued
4,500,000
273,603
Various assets (including $103,014 cash)
99.989
Material and fuel account.
$20,333,172
Cr.
$10,000,000
Capital stock
8,059,000
pay-rolls and ac¬
$129,376
35,126
1,888
9,048—
Taxes, 1880
Sundry accounts
Bills payable
175,440
Income—From net earnings July 1, 1879, to De¬
cember 31, 1880
$1,038,637
From coupon and other interest
6,159
From lots leased and sold
10,041
From miscellaneous sources
14,837—
Balance income account, as per last annual report
1,069,674
1,029,057
$20,333,172
The annual
and expenses:
year
ending December 31, 1880.)
report gives the following statement of receipts
RAILROAD
Same mos.
in 1879.
RECEIPTS.
Freight.
$32,986
28,329
29,563
30,576
45,043
34,452
35,068
46,322
39,841
50,062
April.
2,929
17,131
30,228
29,828
3,157
Special and legal expenses.
Total net receipts
There has also been
$73,625
expended
on
account of
grovements
andbuildines,
additions
the property—
epot gronnds,
newto
tracks,
&o
j
Total.
77,118
lm-
,698
$10,<
8,505
9,225
15,000
22,755
Filling bridges, Stillwater Branch
New crossing of Fourth Street, St. Paul
For Union Depot, St. Paul
Extension of docks at Duluth
Additions to the equipment.
Additions to machinery and fixtures
56,553
5,347
8,463
129,731
Extensions, Knife Falls Branch
4,000
equipment
$300,280
226,654
Expenditures in excess of receipts
$300,280
Mr. J. P. Ilsley, the late President, we
A contract was made on the first day of
May, 1880, with the Minneapolis & St. Louis Railway Company,
allowing that Company to run its trains from White Bear Lake
Station (12 miles north of St. Paul) to Duluth, upon the
annual payment of $50,000, and such a proportion of the
expenses for maintaining and repairing that portion of the road
used, as the wheelage of its trains bore to the whole wheelage
passing over the line.” * * * “ This contract can be termi¬
nated by either party at the expiration of three years from its
commencement, but as it is mutually advantageous, I would
advise that a consultation between the two companies be had
at an early day to make it of a permanent character.
Another
contract was also made with that company at the same date,
by which work ceased upon the road it was building from
White Bear Lake to Taylor’s Falls, and it joined in the con¬
struction of the branch road from Wyoming to Taylor’s Falls.
This branch was finished and opened for business to Centre City
(10 miles) on Aug. 23, and to Taylor’s Falls on the 8th day of No¬
vember.” * * * “ The cost to this company for one-half of
its construction was $151,532. It has received, or will receive,
from the town of Chisago Lake, Shafer and Taylor’s Falls,
$16,500, in the bonds of those towns. Ten thousand dollars of
these bonds have been sold at 5M per cent discount from their
face, and the rest will sell at about the same price. This com¬
pany will also receive from the State about 46,000 acres of land.
The branch road has been mortgaged for $246,000, or $12,000
per mile, to secure bonds running thirty years and bearing 7
per cent interest.
Thirty per cent of the receipts from all
business passing over the road by either company must be set
aside to pay the interest on these bonds, and any deficiency
must be met equally by each company.”
* * *
From the report of
have the following : “
“KNIFE FALLS BRANCH.
St. Paul & Duluth.
(For the
33,899
Net
Gross
Earnings.
$1 ,343,724 $709,757
984,908
550,142
Funded debt
Unfunded debt—Vouchers,
counts
$20,000
stock)
Insurance
For St Croix Branch
Cancellation of stock, N. W.
Falls divisions.
Operated. Earnings.
Cost of consolidated
Fixed charges.
Rent of the Stillwater & St. Paul Railroad
Interest (including 10 p. c. on N. W. equipment
EARNINGS AND OPERATING EXPENSES POR
DECEMBER 31, 1879 AND 1880.
Average
Mileage
By percentage
OTHER EXPENDITURES.
Taxes
72,875
trans.
$150,744
—leaving 1,271,920 acres on hand unsold Deo. 31, 1880.
29,715
15,182
4,350
8,574
217,986
$101,062
$194,244
43,500
paid in preferred stock
1,633,498
1,572
267
was
Total.*
362,160
••••••
••••••
•
$
$
18,218
169,678
2,845
1,870
$
8,256
61,723
1,615
1,279
Of which there
1,492,272
Ixv
Conduct’grrght trans
39,580
171,086
5,081
1,971
19,873
9,821
4,350
6,735
miscellaneous.
Conduct’* pass.
,
$
280,517
1,170,973
rentals..
$120,791
19,729
Expenses of Land Department
Museatine
kee
Pacific
Division. Division. Division
$
From freitfiib
From mail—
From express....---.
From track
112,235
(BT DIVISIONS).
Main
Line.
Earnings—
$8,555
...
OPERATING 1
OB038 KARNING8,
ING8
Receipts from land sales
Receipts from sale of timber
Milwau-
Gross
419
THE CHRONICLE.
16* 1881.]
$38,190
$23,431
22,646
27,807
27,640
50,002
33,213
37,895
39,130
55,632
46,216
52,463
60,370
54,549
62,207
43,453
41,539
61,598
61,153
57,437
62,225
73,969
54,888
32,974
The amount expended upon the branch, $3,463, makes the
total cost to December 31, $64,877. The increased business due
to the branch can te seen by comparing the shipments to and
from Northern Pacific Junction and Knife Falls, in the years
1879 and 1880. In 1879 there was shipped from those stations
“
1,472 tons, against 1,666 tons in 1880, while their receipts in 1880
were 2,500 tons in excess over 1879, this increase of business
being all due to this branch.”
*
*
*
The question naturally arises, if the business is constantly
increasing why do the stockholders not get better results ? The
answer to which is, that many items are charged to expenses,
that by most railroad companies are provided for from resources
outside of the earnings, and also that the expenditures for addi¬
tional facilities demanded by the increasing business have
more than absorbed the net railroad receipts.”
* * * “ But
this expenditure must go on, and if it is to absorb all the pres¬
ent earnings, the stockholders must be content with the increas¬
ing value their property is annually taking on, and wait for
“
the future for
a more
direct return.
My own opinion is that this is a wrong policy, and that the
preferred stockholders are entitled to something now to show
for the expenditures made from the earnings, and at the next
annual meeting should authorize a mortgage loan to be. made
“
$432,303
$564,862
$452,113
$555,776
Received from the Minneapolis & St. Louis Railway
as rent
of track
Their proportion of expenses
$555,776
'
$31,250
72,665
Total receipts
103,915
$668,777
EXPENDITURES.
General office expenses
Maintenance of roadway
Maintenance of equipment
Transportation
expenses
Net railroad receipt* in 1880
$29,970
221,947
101,808
221,868
575,595
$93,182
to meet these necessary expenditures.
of the St. Paul & Duluth Railroad
amounts have been thus expended :
Since the organization
Company, the following
For Knife Falls Railroad
For 8t. Croix Branch
For new docks at Duluth
For additional equipment
For new depot grounds, buildings and tracks
For additional machinery, tools and furniture
For Union Depot and Fourth Street, St. Paul.
For expended upon bridges over ordinary repairs
For substituting steel rails for iron, 3,500 tons, at
$64,877
135,947
62,902
126,926
69,334
*
70...
24,225
45,500
35,000
$578,272
THE CHRONICLE.
420
$450,000 has been taken from the earnings of the
company, or equal to nine and one-half (9^6) per cent of the
present preferred stock. The income from the Land Depart¬
ment in the same time has been $447,658, including both cash
and preferred stock.
“
Of which
in which he rehearsed the statements of the bill in equity filed
in the United States Circuit Court to assert the rights of stock¬
holders,
as against the New York & New England Railroad
Company, the assignees in bankruptcy, and various trustees
who claim to have acted under the Berdell
Directors
I would also estimate that there will be required within the
next two years the following amounts for further additions to
“
25,000
50,000
&c
120,000
dent.
The
157,500
may
$800,500
“
the
So that the making of a loan of $1,000,000 would provide
means to put the property upon an excellent footing, -and
take care of its present outstanding liabilities and allow the
earnings of the company to be paid directly to the stock¬
holders.”
CONDENSED BALANCE SHEET DECEMBER
31, 1880.
Dr.
$9,276,856
Bailroad, branches, lands, &c
Equip m ent
483,089
64,354— $9,824,300
12,881
102,876
64,263
Cash
$21,132
Due from agents.
7,469—
28,602
Bills receivable from stumpage
31,213
Sundry accounts due from other railroad companies, indiyiduals, &c., balance
13,633
Machinery, tools and furniture
Lands in Kandiyohi County
Stocks and securities held by the company (cost)
Tools, supplies and materials on hand
$10,077,771
Cr.
$4,705,606
Preferred stock
4,055,407— $8,761,014
356,853
131,970
157,500
670,433
Common stock
Bills payable...
Pay rolls, vouchers, &c
Northwestern Equipment
Be venue account
Trust
$10,077,771
Central
of
New
Jersey.
(For the
yea?' 1880.)
The Receiver has made to the New Jersey
Legislature the
required by law. To the statement of
earnings and expenses of the lines in New Jersey for the vear
1880, the earnings and expenses of 1879 have been added for
comparison:
brief annual report
EARNINGS AND EXPENSES.
Earnings.
...
...
..
Mail, express, rents, &c.
Expenses.
...
Fuel consumed
Repairs of road, docks, buildings, etc.
Bepairs of equipment
Ferry expenses
Miscellaneous expenses
1880.
1879.
$1,771,281
1,431,388
1,930,453
173,848
$1,542,556
1,261,785
1,348,053
164,823
$5,306,970
$4,317,217
$1,197,130
$1,064,086
259,264
814,453
458,133
196,429
241,339
$3,161,748
177,2*28
827,898
336,985
268,601
270,838
$2,945,638
1,371,579
The g 033 earnings of all roads operated by the Central Railroad of
New J« ney tor the year 1880 wore $9,095,300.
Capital stock
Income bonds, due 1£08
Mortgage bonds
Lehigh Coal & Navigation equipment loan, due 1897
Bailroad Car Trust of
New Jersey Car Trust
$18,563,200
Philadelphia
Central New Jersey Car Trust
December-pay-rolls, due January 10
December vouchers for supplies, railroad balances, and
interest, payable January and February
Interest accrued to January 1, February, April and May...
Bonds and mortgages on land purchased
Other indebtedness, less cash and cash assets
Total
Railroad, main stem, Newark branch and Perth Amboy
branch
Jersey City Station, including 150
Port Johnson coal station
acres
of land
Elizabothport station
Station houses, shops, eto
Equipment of road
GENERAL INVESTMENT
were
elected
as
mortgage.
follows: John P. Terry, Delorme
Knowlton, Richard A. Roberts, Samuel F. Gregory, M. A. Cole¬
man, William M. Denman, John Rooney and James Adair, New
York;
Henry R. Hilton, Connecticut; James McMehan and John
$108,000
200,000 D. Sanborn, Massachusetts. John Rooney was elected Presi¬
the property.
To relay the whole road with steel rails
Additional equipment
Addition to buildings, machine shops, machinery,
For ballasting the road where steel rails are laid
Additional side tracks
To take up the N. YV. Equipment Trust Co. stock
[Vol. niw,
2,400,000
30,454,000
2,310,000
224,400
706,000
910,000
224,058
580,213
279,785
164,463
658,235
$57,474,354
13,837,181
1,315,806
601,769
450,146
824,850
$17,029,752
3,600,000
NEWS
by-laws
were
amended
so
that meetings of the directors
be held in New York, and so that directors may be elected
irrespective of their residence.
There will be a meeting of the directors of the Boston Hart¬
ford & Erie Railroad Company m this city on Tuesday, the 19th
instant, for the purpose of determining upon the amount of
assessment upon the old stock.
Cincinnati Sandnsky & Cleveland.—The stockholders of
the Cincinnati Sandusky & Cleveland Railroad have ratified the
lease of that road to the Indiana Bloomington & Western, sub¬
ject to the result of the proceedings brought in the Common
Pleas Court at Sandusky by John H. James and others to pro¬
cure an injunction to prevent the lease of the road and the
payment of the second mortgage bonds, on the ground that
said bonds were improperly issued.
Denver & Boulder Valley.—The foreclosure sale of the
Denver & Boulder Valley Railroad will be contested. The sale
is advertised for the 18tn inst.
•
Elizabeth City
mitted to the City
XT
;
Debt.—The new plan of adjustment sub¬
Council is as follows :
Total amount of debt to be adjusted not to exceed
Accrued interest thereon at 7 per cent to July 1,1881
The assets consist of
$5,400,000
972,000
:
$540,000
Arrears of taxes
Arrears of assessments
Estimated good for
1,700,000—
$1,200,000
It is
proposed to refund the face amount of the debt, say
$5,400,000, for forty years, at the following rates :
Two per cent interest for five years, payable annually; 3 per cent
interest for ten years, payable annually; 4 per cent interest for twentylive years, payable annually. Bonds to date from July 1, 1881, and to
be redeemable by allotment after live years, to the extent of the amountin the sinking fund each year thereafter. Two and one-half years' inter¬
est (accrued), to July 1,1881, the date of the new bonds, computed at 4
per cent per annum ($540,000), to he issued in the form of non-interest-
bearing scrip, redeemable in past-due assessments only. (The amount
of assessments to which this issue of scrip is applicable is $1,700,000,
with a large amount of accrued interest thereou.) A sinking fund of
one-half of 1 per cent on the amount of bonds to be issued ($5,400,000)
to be raised each year by taxation.
The amount realized from back taxes ($540,000) to constitute a fund
for the maintenance of the improvements of the city primarily, and
whenever in excess of those requirements to be added to the sinking
fund.
The operation of
tax rate of 2*87^.
this plan would result,
as
estimated, in
a
Georgia Railroad—South Carolina Railroad.—The press
dispatch from Augusta, Ga., April 13, states : *• The board of
directors of the Georgia Railroad has leased that road to the
of the South Carolina Railroad, consisting of William
M. Wadley, John H. Fisher, Moses Taylor, Samuel Sloan, and
others, the lease to take effect from April 1,1881, and to run
for ninety-nine years.
The annual rental to be paid to the
owners
Georgia Railroad Company is $600,000, in semi-annual pay¬
This is ten per cent on the capital stock of the Georgia
ments.
Railroad and its bonded indebtedness. Messrs. Wadley & Co.
deposit $1,000,000 in United States bonds, or bonds of good
value, as security. The Georgia Railroad Company is to
retain possession of its bonds and stock in other corporations,
but is to give dividends and voting power to the lessees.. The
lessors are to pay the interest on the debt of the Georgia
Railroad and the Macon & Augusta Railroad, and are to retain
the banking department ana all real estate of the company.
This lease is in the interest of the Louisville & Nashville Rail¬
road and Central Railroad of Georgia.”
The New York Times dispatch says: “ The lease of the
Georgia Railroad by the South Carolina Railroad Company is
practically a lease by the Georgia Central. The latter is pre¬
vented by its charter from renting the Georgia, hence President
Wadley, of the Central, became one of the nominal owners of
the South Carolina to effeet the lease.”
Hannibal & St.
Joseph.—At the stockholders' meeting in
Hannibal, Mo., April 11, it was determined to refund the
bonded debt of the company and pay $3,000,060 due to the
State of Missouri. The entire bonded debt of the company will
be represented by new bonds to be issued to the amount of
bearing 6 per cent interest, payable semi-annually
Topeka & Santa Fe—Southern Pacific.—The $8,000,000,
and secured by a mortgage upon the entire corporate property
new route to California by
way of the Atchison
of the road.
Topeka & Santa Fe Railroad have served a notice that they and franchises
Junction Railroad (Phila.)—In Philadelphia, April 13, the
will not receive freight for the Pacific coast. The assistant
freight agent for the Southern Pacific Road in San Francisco following decree was made by the United States Circuit Court
Atchison
officers of the
stated that the action of the Atchison road was due to the re¬
fusal of the Southern Pacific to give them rates low enough to
Admit of the Atchison roads throwing goods into Arizona and
Southern California at less than the Southern Pacific could send
them from that city. It is hardly believed that the Atchison &
Santa Fe will long refuse to take freight for San Francisco.
Boston Hartford & Erie.—A meeting of stockholders of
this company flegaily defunct bnt theoretically brought to life
in) was held recently, a large number of stockholders being
pidJent. “ Mr. John Rooney, the President, made an address,
A
in the Junction Railroad suit:
“
ordered that the charge to be made by
Pennsylvania Railroad Company for the tolls and motive power for
cars passing over the tracks between tbe Market Street tunnel on tbo
And now, April 13,1881, it is
the
Junction Railroad route, ami the switches at a point
southeastwardly
Thirty-fifth Street, shall not exceed those allowed by the charter of
the Juuction Railroad Company; that is to say, as to freight or burde*
cars, 3 cents per ton for each ton of 2,000 pounds of freight in said car*,
aud 2 cents for each four wheels when empty. And it is further ordered
that the receipt of the charges hereunder, or the payment of like
oharges for the past, shall not prejudice the right of the Pennsylvania
Railroad Company to claim otherwise, either upon final hearing in thi*
case or by a suit at law."
of
r
Aran.
EleTatefl.—At a meeting of the directors of the
Manhattan Elevated Railway, William R. Garrison presented
his resignation as President of the company. It is said that
large blocks of Manhattan stock have been sold recently by the
Garnsons.^^ rep0rts that rumors were in circulation on Wall
Street to the effect that a new issue of Manhattan Railway
Company’s stock was in contemplation to the extent of about
$2 000 000, for the purpose of realizing money to meet deficien¬
cies
That the new stock was to be a preferred stock, ^nd that
syndicate of capitalists, at the head of which was Mr.
Russell Sage, had agreed to take the whole $2,000,000 at 50, the
purchases to be made at such times as the company might need
the money to meet the deficiencies. Mr. Sage was called on by
a Times reporter, and in reply to inquiries on the subject he
said it. was true that a syndicate had been formed for the pur¬
pose stated, and that he had agreed to take some of the stock.
He referred the reporter, however, to a gentleman living at the
Windsor Hotel, who had charge of the movement. This gen¬
tleman, when asked whether the report was true that they had
offered the advance on condition that they should get the pre¬
ferred stock at 50, replied, “that was our first offer, but we
are prepared to go ahead of that.
In the distribution of this
stock we propose that the common stockholders shall have the
first choice to take the preferred stock in the proportion to
which their hold ngs of common stock would entitle them.
Then, if they refuse it, or do not take all that is offered, we
stand ready to take the whole or whatever is left.” * * * “I
have got faith in the value of these roads, and because I and
the gentlemen in this syndicate have this faith we offer
to make good any and all deficiencies, in cash, for a period of
two years, taking for our advances to the company preferred
stock. We make the offer with the belief that we shall never
be called on to take the stock, because there will be no defi¬
ciency. For months past the earnings of the company have been
steadily increasing, and in the month of March averaged nearly
$2,000 a day over the receipts of the same month in 1880.”
Missouri Kansas & Texas Railway Company.—The fol¬
lowing official notice is issued, dated April 13, 1881:
Mnnhattun
a
A
special meeting of tlio
stockholders of the Missouri Kansas & Texas
will be held at the office of the company in Parsons,
Kansas, oil Wednesday, the 18th day of May, 1881, at 10 o’clock, A.M.,
for the following purposes, viz.:
First-To consider and act upon a proposed lease (which will be sub¬
mitted to the said meeting) of the railway and property of the Missouri
Kansas & Texas Railway Company to the Missouri Pacific Railway
Railway Company
Company.
Second—To consider and act upon a proposed lease or contract with
the International and Great Nor hern Railway Company (which will be
submitted to said meeting) for theioint use and occupancy by the Mis¬
souri Kansas & Texas Railway Company of that portion of said Inter¬
national A Great Northern Railway Company’s line commencing at the
point of intersection of the two roads iu Williamson or Miami County,
Texas, and extending via Austiu through to the Rio Grande.
Third—'To consider and act upon a proposed lease or contract with
the Texas & Pacific Railway Company (which will be submitted to the
said meeting) for the joint use and occupancy of that portion of the
Wliitesboro
Texas & Pacific Railway Company’s line, extending from
to
Fort Worth.
i
Fourth—To consider and act upon a proposed contract to he submitted
to the said meeting for the management and Operation of the company’s
railway, upon such terms as will secure to
net
from its several properties, less current
and betterments.
/ ,
Stock transfer books will be closed from the afternoon of 16th instant
until the morning of May 19, next.
Tk the entire
earnings
expenditures for maintenance
New Castle & Franklin.—J. W. Jones, President of the
Buffalo Pittsburg & Western Railroad, has purchased at auction
under a decree of Court the New Castle & Franklin Railroad in
Western
miles in
Pennsylvania for $700,000. The road is thirty-six
length and has earned $45,000 net.
New York
421
THE CHRONICLE.
16. 1K81.1
Chicago & St. Lcuis.—The Times
dispatch from
I.
Seney, John T. Martin, Edward H. R.
Lyman, Walston
Brown, William Fleming and Alexander M. White.
New York
New
Haven & Hartford—New Haven &
Northampton.—The press dispatch from New Haven, Conn.,
April 13, reported : “ A transfer of $1,250,000 of New Haven &
Northampton Railroad stock has just been consummated in this
city, the purchasers being friends of the New York New Haven
& Hartford Railroad Company. This transfer covers half the
capital stock, which is $2,460,000, and defeats the Boston &
Albany Road’s scheme to get the road. The principal seller of
me stock is James E. Sheffield, who receives about $1,000,000.
The stock, which was sold last fall for 37, h© disposed of for
about 100.
The road’s stock and bonded debt aggregate
$5,849,000. Three persons in the N. Y. & N. H. Road’s interest
have taken seats in the Northampton directory; but it is
understood that President Yeomans will retain his position.
The road will be managed for the present as it has been man¬
aged ; but at the next meeting of the consolidated road stock¬
holders, the matter of an out and out purchase or a lease will
probably be considered. Northampton stock had been selling
for 77, but has risen to 85.”
Norfolk & Western.—The sale of the A. M. & O. Road has
been confirmed, and the Norfolk & Western has been organized.
The new company, owning the road from Norfolk to Bristol,
will issue stock and bonds
as
Six pt>r cent general mortgage
Six per cent preferred stock
Common stock
follows:
bonds
:
$11,000,000
15,000,000
3,000,000
Of the general mortgage bonds, amounting to $11,000,000, the
Fidelity Insurance, Trust & Safe Deposit Company of Phila¬
delphia, trustee under the mortgage, will retain, to be applied
exclusively to the retiring of the divisional securities, $5,137,000,
$637,000 of which have been sold to the syndicate of brokers at
95 and interest, to provide for divisional bonds now subject to
call. There will be retained in the treasury of the Norfolk &
Western Railroad Company for future disposition $500,000, and
the remainder of the bonds has been sold to a syndicate of
bankers at 95 and interest, 15,363,000.
The common stock, representing $3,000,000, is to be used ast
far as necessary for the purpose of making settlement with the
unsecured creditors and stockholders of the Atlantic Mississippi
& Ohio Railroad. $13,500,000 of preferred stock was sub¬
scribed for in less than three days at $35 per share.
From the $6,000,000 of bonds above mentioned, sold at 95,
they realize
From $13,500,000 preferred stock,
Balance on account of State claim
Cash in Receiver’s hands February
470,000
200,000
10,1881
$11,102,000
8,605,000
Total
From this they pay in
To State of Virginia
Court charges, &o
cash for the road... 1
,
extended
605,584
1,000,000
$11,090,584
Total
The fixed annual
Interest
Interest
500,000
350,000
30.000
Accrued divisional interest
Retiring divisional securities
For improvements
$5,700,000
4,725,000
at 35
charges will be as follows:
800,000
on
divisional bonds
on
$6,000,000 general mortgage
Total interest charge
From estimates based upon
360,000
$660,000
the last six months* earnings the
educt
fross
income
for the
year isrenewals,
put at about
including
say $2,000,000,
expenses,
50 per cent,from
and which.
there
will remain $1,000,000
applicable to the above interest ch&ige of
$660,000, leaving $340,000 surplus.
Northern Pacific.—Argument has been in progress since
the 12th inst. in the New York Superior Court in the first Yillard suit to enjoin the issue of common stock to the holders of
rights. The arguments being unfinished the hearing was
Cleveland, O., April 13, reports that the contract for the section
between Cleveland & Buffalo was given on Tuesday night to J. S. adjourned over till Tuesday the 19th.
A second suit has been begun in the New York Supremo
& T. D. Casement, of Painesville, Ohio. This excepts bridges and
Court by C. J. Woerishoffer to enioin the issue of stock. It is
viaducts. The contractors are bound to put the work into im¬
the same as the Villard suit, and Judge Barrett
at the earliest possible substantially
on Tuesday, granted a temporary injunction returnable .April
terminating at Tiffin,
20 restraining the railroad company, the Farmers* Loan &
Ohio, has been let to R. G. Huston] & Co., of Cincinnati, who
Trust
Company and the individual defendants from interfering
built the Cincinnati Southern. It is stipulated that the rails
with or transferring the 180,000 shares of stock alleged to have
must be in place by January 1 next. The contract from Tiffin
to Fort Wayne, Ind., has not yet been made public, if it has been issued upon the 18th of March last.
Mr. Villard commenced still another suit in equity against
been let at all. From Fort Wayne to Chicago the successful
the company in the United States Circuit Court this week. In
bidders, as already known, !are "McClain, Loomis & Decrub, of his
bill of complaint he sets out the facts of the organization of
Chicago, who are understood as already in motion. Work on the
and its reorganization in June, 1875, and says that
the new road is to be pushed.
Over 2,000,000 ties have been sincecompany
the reorganization the earnings of the company have
already contracted for. Forty thousand tons of steel rails have been
largely in excess of the operating expenses of the road,
been contracted for in Chicago and Cleveland. The bids for
iron bridges and viaducts have been opened but not yet made and a large surplus has remained each year, which was property
to the payment of dividends on preferred stock.
public. Over two-thirds of the right of way has been given. applicable
No such payment, however, has been made, and the earnings
Thirty locomotives and 1,000 cars have been bought, to be deliv¬ have instead been diverted to the construction and operation of
ered by the 1st of June.
The Tribune dispatch from Albany, April 12, reports that branch or connecting lines of road belonging to other corporate
the Buffalo Cleveland & Chicago Railway Company, of New bodies. Portions of this surplus of earnings, it i3 also
York, the same of Pennsylvania, the New York & Chicago RR. averred, were invested in the stock and bonds of other companies, and in other ways, unlawfully and without authority.
Company of Ohio, the same of Indiana and the same of Illinois, A
decree is asked for directing that the persons who are entitled
were to file papers of consolidation with the Secretary of State.
This will give a continuous line from Buffalo, via Erie City, Pa., to share in the preferred stock dividends and in the distribu¬
to Cleveland and Fort Wayne, and thence to Chicago, the whole tion of this surplus be ascertained, the rights and obligations
distance to be made without change of cars. The name of the of the company determined, and the company compelled to
make
new corporation
will be the New York Chicago & St. Louis tion ispayment of the preferred stock dividends, and an injunc¬
prayed for to restrain the improper expenditure of
Railway Company. The capital stock is $35,000,000, of which
funds until the determination of this suit. The
$11,000,000 is preferred at 7per cent and the balance is common surplus
stock. The directors are Columbus B. Cummings, Daniel P. defendants are summoned to appear and answer on the fink
Eels, Calvin S. Brice, Charles Foster, Samuel Thomas, George Monday in June.
mediate operation, and to have it finished
moment. The section west of here and
422
THE
CHRONICLE,
[[VOL. XXXI],
Oregom Railway & Navif ation
estimated
earnings of the Oregon Railway & Company.—The
Navigation
Company
for
March are as follows: River division,
gross, $210,250; do. net,
$110,250; ocean division, gross, $78,044; do. net, $39,044;
rail¬
way division, gross, $18,600; do. net, $6,000; total
COMMERCIAL EPITOME.
gross,
$306,894; total net, $156,894; net for March, 1880, $144,207.
Friday Night, April 15, 1881.
Pennsylvania Railroad—Philadelphia Wilmington &
This being a week devoted to
Baltimore.—The Finance
religious solemnities by large
Committee of the Board of Directors
numbers of our people
of the Pennsylvania Railroad
has been naturally a more quiet one in
Company reported, April 8, that
the company had secured 203,000 shares of the
stock of the mercantile circles, except where markets have been influenced
Philadelphia Wilmington & Baltimore Railroad Company. The by speculation. The weather has not
been favorable until
entire capital stock of the
company at present is 231,715 shares,
the
io-day,
but
temperature has been higher and some progress
and it has $240,500 in bonds which
may be converted into stock. is
made towards
This would make, in the event of the conversion
re-opening inland navigation at the North and
of bonds, 236,555 shares of stock.
West; still the season is backward, so much so as to lend a little
Philadelphia & Reading.—In Philadelphia, April 9, the weight to unfavorable reports in some sections
regarding crop
Court of Common Pleas gave its decision in
the election case,
prospects. The measures of the Federal Treasury to
supply
holding that the meeting on March 14 was a regular meeting, the omission
©f the late Congress to
and that the officers then voted for
pass
a
funding bill are
by the McCalmont party
were duly elected.
The decree says: “It is adjudged and :tovorably received in financial circles, and no apprehensions of
decreed that at the said election Frank S. Bond was
a money trouble are felt.
duly
elected President of the Philadelphia &
Pork has undergone a
Reading Railroad Com¬
sharp and marked advance, influenced
pany ; that George F. Tyler, Samuel R. Shipley, John S. Newthe
efforts
of
the
3y
heavy short interest in Chicago to cover
bold, Edward D. Steel, Charles Parrish and John Lowber
Welsh were duly elected
Managers of the Philadelphia & Reading contracts. Lard has naturally sympathized, and there has
Railroad Company, and that Samuel Bradford was
duly elected )een a good speculation in the options. All other provisions
Treasurer of the Philadelphia &
Reading Railroad Company, are also higher and firm. To-day old mess pork on the
and that Edward L. Kinsley was
spot
duly elected Secretary of the was quoted at $16@$16
50,
new
and
mess
sold
at
$17 35, closing
Philadelphia & Reading Railroad Company.” Mr. Gowen took
an appeal from this decree to the
Supreme Court, and he and at $17 40@$17 60 bid and asked ; June options realized $17 60,
his associates declined to give up the offices of
and July $18, closing at $17 90 ;
the company.
September, $17 90@$18 10.
As the decree contained no
enforcing
power in the shape of
ard sold at ll,42^c. for prime Western on the
an injunction, a decree was
spot; May
presented to the United States Cir¬
options realized lla40@lla50c.; June, 11*45@11 55c.; July,
cuit Court setting forth the
proceedings taken in regard to the
election, and praying that relief be granted. The
application Ma52^j@lla60c.; August, ll*52/^@ll,62^c.; seller year 10*70@
for an injunction to prevent F. B. Gowen
and others from 10‘72^c.; refined to the Continent, ll*55c. Bacon sold in a small
interfering with them in the performance of their functions as way at 8%c." for
long and short clear together; large lots,
officers of the
company came before Judges McKennan and 8‘70c.; long clear, 8%c., and short
Butler in the United States Circuit Court on
clear, 9c. Cutmeats fairly
Thursday. The
Court expressed unwillingness to interfere
between the con¬ active. Beef firm at $21 25@$22 50 for city extra India mess ;
tending boards, as it has direct charge of the company as rep¬ family $12 50@$13 50 ; packet, $11 50@$12. Beef
hams, $21@
resented by the Receivers, and preferred that tne
Supreme $23. Tallow higher, and in demand at 6%@6)£c. Stearine
-Court should decide the issue upon
the appeal taken. The
Judges, however, consented to hear argument in the matter on strong at 12%@12%c. Butter closed firmer, with fine grades
Tuesday next (April 19), on which day the question regarding scarce. Cheese in demand and firm ; piime to fancy state fac¬
the issues of the deferred income bonds and the
blanket mort¬ tory, 11%<S)13Mc.
gage will come up.
Kentucky tobacco has continued in fair demand for
Richmond &
Danville—Northeastern, Georgia.—A press ment, but the home trade has been rather dull. The salesship¬
for
despatch from Augusta, Ga., April 11, reports that the Rich¬
the week aggregate 800 hhds., of which 600 for
mond & Danville Railroad
export and 200
Company had secured control of the
Northeastern Railroad of Georgia, from Athens to Lula
for home consumption. Prices have ruled
quite
firm, and are
City,
on the Richmond & Atlanta Air Line.
The City Council of quoted at 4M@6c. for lugs and 6%@12c. for leaf. The move¬
Athens, which owns the majority of the stock in the North¬ ment in seed leaf
was
~
eastern,
gave, the
control of the road to the Richmond & Dan¬
condition that it should be
completed to the North
ville on
Carolina line within five years.
St. Johnsbury & Lake Champlain.—The Boston Stock
Exchange has admitted to the list the bonds of this company,
incorporated January 31, 1881, under the laws of Vermont.
The statement contains the
following:
This road
extends from Lunenburg, Vt., on the
Connecticut
River, to Lake Champlain at Maquam Bay, in the town of Swanton, Vt., a distance of 120 miles, and is a consolidation of the
Lamoille Valley Railroad
Company, the Montpelier & St.
Johnsbury Railroad ^Company and the Essex
Railroad Com¬
She (Eumwercml Jpmes.
active and general, the sales for the
cases, as follows : 1,000 cases 1880 crop,
terms; 300 cases 1879 crop, Pennsylvania,
more
week
footing up 1,975
Pennsylvania, private
ll@25c.; 400
1880 crop,
cases
1879 crop, New
England, 14@22c.;
New England, 25@26c.; 75
cases
1879 crop,
200
cases
Wisconsin,
4@5c.; also 300 bales Havana at 80c.@$l 25.
Rio coffee has ceen quiet and, under
larger receipts, ha3
declined to 12c. for fair cargoes, at which the market closes
rather nominal; mild grades have sold
moderately at prices
showing
marked change. Rice has been fairly active, steady
unchanged. Spices have been .quiet. Tea has latterly
pany.
Authorized capital, $3,848,500. Amount of capital
stock issued, $3,562,550; par value, $50
brought
steady prices at auction. Molasses has been in fair
per share. Bonds, first
mortgage, 6 per cent, $600,000.
demand, and 50 degrees test refining has advanced to 32^@33c.
TREASURER’S STATEMENT MARCH
Raw sugar, owing to the large importations
3, 1881.
by refiners, has
Liabilities.
been quiet as a rule, though on
First mortgage bonds, 6s (sold)
Tuesdajr
sales reached
the
$116,000
Floating debt....
3,000
hhds.
; the close is quiet, but about steady at 7 3-16c. for
210,730
Claims underlying first mortgage
121,000 fair
Non-assenting first mortgage bonds, P. & O. Vt. Div., to be
refining. Refined closes firm at 9%c. for granulated and
exchanged for stock
:
30,000 9%c. for crushed, with a fair demand.
Cash
Resources.
hand
Personal property
First moitgage bonds 6s (unsold)
on
22,887
45,000
484,000
Horace Fairbanks, President; Franklin
Fairbanks, VicePresident ; William P. Fairbanks, Treasurer.
Shenandoah Valley.—At the annual
meeting in Luray, Va.,
last week, the stockholders voted to
adopt the line from
Waynesboro, Va., to Salem, and declined a proposition to builc
to Lynchburg.
The final settlement with the construction
company was approved. A new mortgage was authorized to
an issue of 6
per cent bonds sufficient to retire the
existing debt and to include the extension to Salem. There are
now two mortgages on the
road, the first to cover $2,100,000
first mortgage 7 per cent bonds, and the second
$1,400,000
income 7 per cent bonds.—R. R. Gazette.
secure
Trunk Line Freights.—The
following notice was issued by
Mr: Albert Fink, as Chairman of the Joint Executive
Committee
dated April 9: c
*
no
and
The naval store market has been almost demoralized
by the
this is particularly so of spirits turpen¬
tine, which closed at 38@38%c. for Southern barrels ; strained
to good strained rosins quoted at $1
65@$1 70. Petroleum has
had a fair export call, and the late
position is sustained ; re¬
fined, in bbls., for export, quoted at 8c. Crude certificates
have declined under a realizing movement, and closed at 85c.
bid.
In metals little or nothing has been done.
iron and rails
Pig
are particularly quiet
prices are not sensibly changed. Ingot
copper in moderate sale at 19/6@19%c. for Lake.
Wool con¬
tinues dull, and quotations show much weakness.
Hops are
still dull, but in the main steady.
The demands for ocean freight room have been of a
dwindling
character, and at the close, notwithstanding the small offerings
of
prolonged inactivity
tonnage, rates
were:
Grain to
;
were
weak at
a
decline.
The engagements
Liverpool, by steam, 4%d. for this, and 4%@
4%d. for next, week; bacon, 20s.@22s. 6d.; cheese, 25s.; cotton,
3-16d.@/4d.; flour, 2s. per bbi., and 15s.@17s. 6d. per ton.
Grain to London, by steam, 584@6d., latter from
store; flour,
17s. 6d. Grain to Hull, by steam, 6d.; flour to
Glasgow, by
general
asis Chicago
reduction
of eighth-class
to 25 cents
per hundred pounds— steam, 2s. per bbl., and 20s. per ton.; grain to Antwerp, by
to New
York—willrates
be made,
commencing on Monday
steam, 5%a.; do. to Hamburg, by steam, 6^d.; do. to Cork, for
April 11. It is understood that if reduced rates are given to
anyone
shipper a general reduction will be made, in order to stop hereafter
orders,
4s. 7%d. per qr.; crude petroleum to Havre, 3s. 3d.; re¬
all
unjust discrimination between shippers and communities, and to
fined do. to the Baltic, 4s.; grain ’ to
carry
Havre, Antwerp or Sfc.
out strictly the spirit and intentions of the
agreement of March 11.”
Nazaire, 4s. 3d.; if Bordeaux, 4s. 4%d.
“
Under Article 4 of the agreement of March
11, it having been shown
that, in violation of said agreement, reduced rates have been
made on
grain of 5 cents per hundred to some shippers, I now give notice that a
ATRT1«
COTTON.
Friday. P. M.,
April 15, 1881.
indicated by our telegrams
below. For the week ending
total receipts have reached 66.579
bales, against 85,696 bales last week, 78,514 bales the previous
week’ and 93,690 bales three weeks since; making the tota
Teceipts since the 1st of September, 1880, 5,242,901 bales, against
4,571,295 bales for the same period of 1879-80, showing an increase
The Movement op the Crop, as
from the South to-night, is given
this evening (April 15), the
since
Receipts at—
msm
787
2,303
1,154
Galveston
Indianola, &c.
New Orleans...
Fri.
1,205
1,481
....
....
....
....
....
Thurs.
Wed.
Tues.
Mon.
Sat.
403
7,333
103
103
876
5,982
2,989
1,474
3,373
4,481
Mobile
Florida
622
1,119
653
249
485
361
....
....
....
47
47
8arannali
Brunsw’k, &c.
511
930
542
501
4,885
....
1,105
1,296
....
....
....
....
....
....
789
909
670
595
924
....
....
....
•
....
.
1,158
Charleston
Royal, &c.
Wilmington ....
Pt.
....
21
46
.
Moreh’d C.,&c
1,766
1,218
600
Boston
784
Baltimore
994
Philadelp’a, &c.
405
Totals this week
total receipts,
and the
same
135
135
1.453
8,021
842
842
1,550
1,611
....
....
1,919
....
947
379
550
462
260
456
525
8,383
4,279
2,296
2,144
11,034 12,369
66.579
818
580
....
595
158
9,678 13,867 11,621
8.010
iuiiuwiduiu oiiuwiii^ tile wcck s
the total since Sept. 1,1880, and the stocks to-night
items for the corresponding periods of last year.
This
Since
Sep.
1, 1880.
Week.
Galveston
Indianola, &c..
New Orleans
Mobile
1, 1879.
25
47
20.218
815,106
588,901
5,045
Royal, &c.
136
49,004
Wilmington
M’liead City,&c
266
135
113,550
29,485
8,021
647,964
842
201,562
137,565
139,145
28,814
47,943
City Point, &c.
New York
8,383
Boston
4,279
2,296
2,144
440,770
7,606
1881.
1880.
85,122
32,912
*•••••
15,343 1,393,568 251,416 235,093
339,823 27,638 38,709
2,802
91
19,958
5,086
3,698 707,128 30,335 19,802
3,631
1,936 431,328 27,297 25,606
1,478
30,619
192
74,964
3,624
3,481
295
26,590
521,667 18,447 15,267
4,575
481
149,292
177,953 194,444 263,054
3,602
946
138,523
9,910 13,736
124
15,612 11,353 13,619
644
37,263 14,097 16,694
4,830
Brunswick, &c.
Baltimore
Week.
4,156
4,885
Norfolk
Since Sep.
103
Florida
Charleston
This
7,333
614,949
14,771
19,175 1,424,644
3,489
364,450
Savannah
Stock.
1879-80.
1880-81.
Receipts to
Apt'il 15.
Port
266
....
1,291
1,148
5
136
37
68
1,264
....
....
bciiipd/iisuuj wc
rur
1,489
....
....
5,045
136
mm
•
19
.
....
534
1,362
Norfolk
City Point,<&c.
New York
75
....
....
On
April
Receipts at—
Galvest’n.&c.
New Orleans.
Mobile
Savannah....
Charl’st’n.ttc
1880.
1881.
7,436
19,175
3,489
4,885
5,181
-
4,131
1878.
9,328
2,309
4,479
1,612
Wilm’gt’n, &c
401
487
902
Norfolk, &c..
8,863
All others....
17,149
5,056
5,407
9,635
9,297
this w’k.
66,579
38,910
40,187
1876.
1,148
3,891
10,190
3,153
3,485
2,625
15,343
2,802
3,698
1,936
1877.
2,840
1,450
1,550
3,569
11,315
1,548
2,076
3,442
761
462
893
5,683
3,112
9,013
1,847
2,657
39,016
18,010
30,920
8,319
577
Total
Wilmington includes Morehead City,&c.; Norfolk includes City Point. &cThe exports for the week ending this evening reach a total
of 86,826 bales, of which 35,922 were to Great Britain, 22,475 to
France and 28,429 to rest of the Continent, while the stocks as
made up this evening are now 680,247 bales. Below are the
exports for the week and since September, 1, 1880.
Week Ending April
Exports
from—
Exported to—
Great
Brit'n•
8avannah
Charleston*...
Wilmington...
Norfolk
New York
Boston
Baltimore
France
13,190
12,579
2,905
5,879
5,494
3,173
......
....
......
......
......
7,721
2,150
1,283
412
From
Sept. 1,1880, to Apr. 15,1881.
Exported to—
Conti-
Total
Great
nent.
Week.
Britain.
3,805
3,805
Galvftst.on.
New Orleans..
Mobile
Florida
15.
14,075
2,000
8,031
......
2,335
1,388
257,197
France
41,000
39,850
8,584
733,588 281,835
7,494
11,804
193,618 37,800
100,207 58,288
1,444
57,148
2,850
281,959
292,903 30,334
75,444
88.475
42,522
.....
2,335
9,521
2.150
1,283
Philadelp’a,&c
70,381
22,707
.
.
...
Conti-
Total.
11,222
4,147
07,020
1
18,745
102
On
None.
None.
75,291
13,751
Saturday there
sion of
80,820 2,283,540 470,190
918,254 3,077,984
Total 1879-80
35,222
4,794
15,620
55,038 1,993,008 320,257
721,724 3,035,649
586
None.
2,000
3,000
*13,138
12,000
40,671
7,966
138,744
5,806
1,000
18,774
26,035
53,296
181,306
51,995
Friday
as
naturally some recovery from the depres¬
noted in our last; but on Monday there was
was
Liverpool. On
Tuesday, operators for a rise made some use of the fact that the
consolidated stocks, notwithstanding the recent free movement
smaller in the aggregate than at the corres¬
of the crop, were
ponding date last year, and carried up prices in the face of weak
accounts from Liverpool. There was also some demand to cover
contracts, in anticipation of the closing of markets over Good
Friday and the Easter holidays. The market on Wednesday
opened stronger, on bad weather reports from the South, but the
persistent weakness of Liverpool caused an easier closing. Yes¬
terday the market was dull, prices varying but slightly. Cotton
on the spot, though quiet, has ruled firm.
Quotations were
advanced 1-16c. on Tuesday. The demand has been mainly for
consumption. Yesterday the market was quiet at 10%c.
middling uplands. The Cotton Exchange adjourned Thurs¬
day evening to Monday morning.
The total sales for forward delivery for the week are 257,700
home
for
<
n,
Ordin’y.tflb
Strict Ora.
Good Ord..
Str. G’d Ord
Low Midd’g
in transit. Of the above, 160 bales
following are the official quotations and
and
The
Sat.
71*16
878
93s
Mon Tues Sat.
8%
7*8
7%
8« 16
93s
9<16
7he
7ili«
lOhe lOho 1018
109,6 10%
Ordin’y.$Ib
7%
7%
7%
Strict Ord..
7%
Good Ord..
Str. G’d Ord 9h6
Low Midd’g 10%
Str.L’wMid
Middling...
Good Mid
Str. G’d Mid
11%
123Q
Th.
Fri.
81516
9ha
10%
10%
93ia
91*10
119i6 11%
111316 12
127i6 1258
11*3
Wed
7%0
8h*
10%
10%
10%
1 l9ie Hy16
111310 111316
Midd’g Fair 12716 il27ie
Fair
133is 13316
>>
c3
11%
12
125q
Wed
Til.
7%
8%
9%
9%
10%
7%
8%
9%
9%
10%
11%
Sat.
STAINED.
.$ ft-
6%
7%
8926
91°16
Middling
9%
9%
1012
10l5ie
llh« 11*16 11%
11%
1H31«
H1316 11%
12
12h«
121i6 12
I2Uia
12Hi6 1250 125g
1118
Fri.
Wed
1015ie lO*-5i0
a
o
11%
11%
tt
111316111316
Mon Tues Wed
69p
'iTl8
7%
89i0
8%
10
Fri.
•
•
•
•
£
c3
a
o
w
•
12he 121j0
I2ihs 121113
13715 137i0
•
6%
Tti.
730
8%
9%
9%
10%
7%
8%
9%
9%
10%
CJ
11%
91%6
7%
818
8he
93ie
9u16
107ie
101&1Q 107a
1H316 111316
121i6 12h6
121I10 12lh6
137l6 137i6
..
Good Ordinary....
Strict Good Ordinary
Low Middling
73a
8^8
9%
93ie
9"l6 9%
lOhe 10 ia
7%0
She
101516 101510
O
PH
Mon. TO e»
Mon Tues Sat.
10'16
10 78
1078
lHl6 llhe
Middling... 101316 10i316 107a
Good Mid.. 111-2
Str. G’d Mid 11%
Midd’g Fair 123q
TEXAS.
NEW ORLEANS.
UPLANDS.
Str.L’wMid 109i6
69ie
8%
10
Th.
69i0
71*16
8%
•
•
Fri.
Holi¬
day.
10
MARKET AND SALES.
SALES OP SPOT AND
SPOT MARKET
CLOSED.
rhurs
28,429
21,138
4,148
2,900
7,993
1,000
renewed weakness under the dull accounts from
75,445
107,220
42,624
22,475
17,436
11,073
7,000
188,959
6,500
8.523
4,300
31,826
only
moderately active the past week, and prices have been variable
3at..
35,922
iqludes exports from Port Royal. <fcc.
400
550
62,457
speculation in cotton for future delivery has been
The
442,124
09,812
288,950
390,917
Total
1,630
1,200
Stock.
Total.
Included in this amount there are 1,065 bales at presses for foreign
ports the destination of which we cannot learn.
489,015
1
20,825
1,800
7,045
None.
900
None.
383,054
84,851
273,047 1,288,250
7,419 100,507
257,531
193,509
Foreign
Coast¬
wise.
Other
*
4,965
Since Sept. 1. 5242,901 4571,295 4258.541 4043,751 3796,429 3885,496
Galveston includes Iudianola; Charleston includes Port Koyal,
France.
32,957
3,500
2,925
Other ports
....
1879.
Great
Britain.
Mobile
Unarleston
Savannah
Galveston
New York
T
*
Total
66.579 5,242,901 38.910 4,571.205 680.2471682,973
In order that comparison may be made with other
April 9 to
give below the totals at leading ports for six seasons.
April 15.
Philadelphia, &c.
Shipboard, not cleared—for
Leaving
15, at—
New Orleans
Total.
19,175
3,489
....
In addition to above exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared, 2}t
the ports named. We add similar figures for New York, which
are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver Street.
us
bales.
September 1, 1880, of 671,606
423
CHRONLOLE.
THE
16,1881.J
Mon
.
Ex¬
port.
Quiet
Quiet but firm...
rues. Q’t& firm,heady
Wed Firm
.
Fri.
442
430
100
43
Quiet and steady 2,160
C071Spec- Tran¬ Total.
sump. uVVn sit.
928
471
514
505
317
.
Total
vious to that on whioh
3,175
TRAN8IT.
2,735
ioo
i275
Holi day..
375
they are reported.
....
FUTURE8.
Sales.
Deliv¬
eries.
1,370
53.100
300
901
714
823
52.100
46,800
2,477
43.100
500
300
300
200
62,600
•
6,285 257.700
•••
1,600
424
THE CHRONICLE.
This Salks
Prices
and
Futures
of
shown
are
by the follow¬
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales:
3
E
©
®
& 2. g*
»
v
£
® *
^
2
o n
S’® ®
B ® * ®
CKJr+ &
*B O P
OhjOCO
SrHTP B
O l-.Hr,
x n ® ^
S,2g.|
® M
B-® » P
OD CJ
t»
’
B
33
CO
®
10
9
Co
9
X* SB
£.©» 5*2.
mmV>®
O
9
to
”
-
©
o
^
ClC'.'l
g@j*p
.mm-"©©1
■— »—
•
?<?So
CD O •
C5
M
•
h-
2i
M
;
V*
f§: 1
®
I
.
'■“•'“a
^r'B
b
■
o
Hj
£ ®C5 3
CT
~*x
T* ®
CD
®
r
fI
®
Total continental ports....
»y-,
HI
ss
9 °*5‘
1
j?
yoc’i
cc O ’
to
a
2.5840
400
O
d
K>
n
tc
CO
o
10*67—-9 10-68 7
o
,
1
100
—
©
CO
CO
dd
4
«DCD
CO to
1
/
1
c
c
10-6®
—
o
CO
o
o
o
b
©
CO
OO
CO
dd
-id
£--i
O-l
c;<o
t-1 '""‘CO
►—1 h- (—1
©®©
Moj
OOo
-1-|©
-5-1©
cot
o o
<-* i-*
I—1 H*
e-M
r-
r-
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©o
OO
oo
OO
<l<l
ocob
oc-i
-i-i
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>-*©,_.
c:oM
—1 CJI t—J
CO X M
00 CO
too
4^
to
CO
©ob
°9
©ob
ob ob
©ob
CXm
r‘
K)
MIO
OOIM
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cp©
il 9©
cc®
99©
C©o
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<
1§l 15.80
.-
oboe©
CD
Ct<l
Mr-*
to
Mrf*
M
H- (-*
h-1 *—
©o
oo
OO
OO
o©
dd
dd
dob
OCX
dd
HHh
OIOOM
WOOh
o»
OOo
oo ©
OO©
oo©
dd©
dd©
dd©
dd©
do©
too
oo
O-l
o to
oo
r~> I-*
>— r-*
MM
M M
M M
OO
CO
99
99
v> Ot
C.oi
99
dd
dd
dot
tt^-i
1
1
>-wto
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dd©
I §H*
1
§
1 ev,x>
1 •*
o o ©
ct w
ta
Qq
c<o
I S)©
dd
<<
r- »-»
1
c -•*
b
b
&a
Septmbr.
oo
•
mV
CO©
Hh-Q
MM©
op©
CO©
dd©
d d©
99©
o’« d ©
d do
Mr-©
S
M
M Ol
ox
O' OT
-i©
MO
*-* M
M M
M M
M M
MM
o o
OO
OO
CO
oo
to to
to to
VI -1
to to
-no
dd
dd
oo
VI to
MM^,
M M oo
99©
OO©
1
130,5
tow
©
1 8
1
o
8
oo©
tod©
to
to©
1
tod©
-i©
XX
M M
O
O
r»
O
o*
1
MMX
a
69,80
H*
o
8
10— 2 10-® 5 2,70
MM©
F- >-*
oo
CO
-1
CO
o
Vi
o
o
p
o
99
108-*9 10*121,00
66
© ©
1 ©
M
9
MM©
11
1i ©
o
o
1
1
to
X
to
M
MO
1 i
I
.
'
M M
1
to
1 §
8
i 1
:
I
18
1 i
1 ®:
1
1 §:
! §:
a1
1 1
:
1 1
:
1 I
:
a
*5.
i
5
exch. 1,100 May for June.
this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals the
oomplete figures for to-night ^April 15), we add the item of exports
from the United States, including in it the exports of Friday
are
only:
.
442,000
270,000
572,000
684,443
418.802
134,410
11,000
57,328
3,000
563,000
342.000
610,000
504.348
57,160
7,000
.2,350,133 1,835,693 1 ,763,130 2,038,503
.
.
.
.
.
219.000
41,200
191,000
46.209
107,000
56,500
65.300
22,665
25.750
9.750
59.250-
205,000
37,COO
197.831
29,804
180,000
30,000
206.000*
39,000
567.500
487.509
399.250
509.000
195.000
.2,350,138 1,885.698 1 ,763,130 2,088,508
2,917,633 2,373,207 2,162,380 2,597,508
7d.
6%L
6iL
O^ic-L
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
That difficulty no longer exists, and we therefore make the fol¬
lowing comparison, which includes the stocks at the nineteen
towns given weekly in our table of interior stocks instead of only
old seven towns. We shall continue this double statement for
time, but finally shall simply substitute the nineteen towns for
the seven towns m the preceding table
the
a
American—
Liverpool stock
bales
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks.:
United States exports to-day..
Total American
East Indian, brazil, die
1880.
468,000
155,000
432,845
680.2 47
63 4,443
237,401
25.000
238,556
11,000
1879.
442,000
270,000
572,000
413,802
91,966
3,000
342,000
610,000
501,318
95,979
7,000
2,455,643 1,939,844 1,797,768 2.127,327
219,000
41,200
Total East India, Ac
Total visible
1881.
644.000
199,000
670,000
—
Egypt, Brazil, Ac., afloat..
191,000
46,209
65,300
22,665
205,000
37,000
197,831
29,804
107,000
56.500
25,750
180,000
30,000
195,000
9.750
59.250
206,000
39,000
509.000
567.500
487,509
399,250
2,455,648 1,989,844 1,797,703 2,127,327
supply
3,023,143 2,477,353 2,197,018 2,636,327
5^” The imports into Continental ports this week have been
32,000 bales..
ending ApHI 15, ’81.
Augusta, Ga
Columbus, Ga...
Macon, Ga
Montgom’r.v,Ala.
Selma, Ala
2,218
Memphis, Tenn*.
Nashville, Tenn.
5,746
Total, old ports..
10,053
Dallas, Texas.
Jefferson, Tex..*
Shreveport, La.*
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala.*..
Griffin, Ga.*
Atlanta, Ga.*
Rome, Ga.*
charlotte, N. C.*
St. Ivouis, Mo
Cincinnati, O....
495
387
1,182
..
The Visible Supply of Cotton, as made np by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
Total Great Britain stock
.
Receipts. Shipm'ts
2,372,700; Sept.-March for March, 3,466,100.
Monday, 10‘65; Tuesday, 10'70;
Wednesday, 10*70; Thursday, 1065.
The following exchange has been made during the week:
..bales.
131,891
25;000
.
468.000
155,000
432,845
The above figures indicate an increase in the cotton in sight
to-night of 544,431 bales as compared with the same date of 1880
an increase of 755,258 bales as compared with 1879 and an in¬
crease of 320,130 bales as compared with 1878.
In the preceding visible supply table we have heretofore only
included the interior stocks at the seven original interior towns.
a
Transferable Orders—Saturday, 10 70;
•tookat Liverpool
•took at London
.
.
3
ruary
for the Continent
199,000
670.000
680.247
.
Week
I §:
i i
624,000
.
.
statement:
*
Includes sales in September for September, 621,400; Sept.-Oct. for
Oct., 946.500; Sept.-Nov. for November, 762,100 ; Sept.-Dee. for Decernlier, 1,464.500; Sept.-Jan. for January, 2,58Ht,900; Sept.-Feb. for Feb¬
*09 pd. to
2 ,917,638 2,373,207 2.162.3S0 2.597.508
descriptions arc
follows.
Of the aoove. the totals of American and other
! 1
•
:
supply
39,000
figures indicate an increase in the cotton in sight to¬
night of 545,795 bales as compared with the same date of 1880, an
increase of 826,130 bales as compared with the corresponding date
of 1879 and an increase of 386,821 bales as compared with 1878.
At the Interior Ports the movement—that is the receipts
and shipments for the week, and stocks to-night, and for the
corresponding week of 1880—is set out in detail in the following
c-
1
1 ®:
1 1
! 1
Total visible
..
These
3
O
M
t i
i
S
•
1 1
I 1
fe;
W
oo©
O
! §:
57,100
7,000
Total American
cyi
9
CO
8
J
rs
I ©10
OO
fcl
Q
b
MtO
CO©
M
18
&a
M
9
1 a
1 @
b
§
MM<J
M
11
§
1
1
CJ1
MM
1 §
oc ©
M — O
-1
o
?
to
•a
1 §
t0
Si 8
99
MM
o to
1 ©
1 §
r-4
MM
OOo
»^C0
©o
oo
HH J,
MM
MM
MM
M
§ 8
99
10- 9®
cco
tO M
o
mhO
-IQ!
3,000
London stock
Continental stocks
India afloat for Europe
OlO
0-1
57.323
11,000
Liverpool stock
M M
99©
131,410
25,000
§
99
1 §
.
United Stf tes exports io-day..
^3
M
MM©
50 L.348
CIO
CIO
1 Si* 05
418,802
dd°
99
MM©)
634,443
Slock in United States ports
Stock in U. B. interior ports..
OOO
MM
c c ©
572.000
30.000
610.000
29.804
MM
M M
197.R31
432,845
37.000
080.247
131,891
Egypt, Brazil, Ac., aflt for E’r'pe
dd©
99
•V
901,250 1,174.000
180.000
206.000
oog
1
'M
S
Q
6©
C. M
^Vl
R
I 6>r
r— t—
o
o
i
M
M M
o
*
CO
I 9©
OI
•
CO
HH*.
i
&
e
HU
V
o
I
I §©
1
882.874
..
Total visible supply
Prioe Mid. Upl., Liverpool
3
©o
d©
»
I ®w
CDCDO
S
m
HHm
H*
w
©o
do
h*
I 9 c
CO©
401.250
Total European stocks..
1,,168,500
India cotton afloat for Europe. 205,000
Amer’n cotton afloat for Eur’pe
670,000
Egypt, Brazil, Ac., afloat
i
HH©
to
o
I ©r*
<
R
H*H<-1
00
295.750
Total East India, Ao
Total American
£ :r -i
m
177,6u5
London stock
Continental stocks
India afloat for Europe
M
1 £><»
0*0*
CO
H-*
1 ®<p
ocob
264.300
Liverpool stock
CO©
|1
21,000
United States interior stocks.
United States exports to-day.
hi
•1-1©
oo©
OCX©
7,500
Total American
o o ©
^ to
1 c ©
1 ob©
7,406
Antwerp
East Indian,Brasil, dec.—
1
1
I
S.370
»—1 ■—»
-1-5©
9°
X
1'i
-id
43,500
7.000
43,250
41.500
12.000
7 250
O
h-> 1—‘
<1-1©
©o©
-job©
o
o»-i
.
COq
to
30
dd©
.1
M
3,500
24,500
6.500
at
United States stock
April.
1
H* >—1 fcj
100
©*•>
Vi
00
oc©
at Rotterdam
American afloat for Europe...
o
1 d
40.800
2,070
760
Continental stocks
9!1
1
CO
1
*
00
O
o
10*67®
1 S>
9i
3.200
25.610
16.300
American—
>—4
bd
40,300
Liverpool stock
C5
1
CO
at Bremen
at Amsterdam
2,000
27.500
3.750
g!
W
1878.
237.000
6,250
26,000
367
?>«> **$
.
CD©
-1
s
a.
9) CC g
6.500
Stock at other conti’ntal ports.
a
1879.
177,000
19,400
£
Sfi
1880.
90,740
1,632
28.240
142,000
3,600
4,170
Ha
•
CC-j
®
p
9c
c
©o‘
O
►£*
b :
o?.
bales.
&
o
/->© M
2 ®tO
904..^-
**i
^
^!
o
®M
2
®
>
/-»
p
CKJ
a o
5f P*B
D
&
3.Sic
o
"■dS?
P
;c m
*B
—.
' ^
*5© oL
>•
Cn
OH?®*
£}
C*® ®
00 ®
£.J? <4
p-®;
•
ao
o
«
•
•
p]£.a
t i
•-
B
S
CD on
?5»d-o^
p C+**
c
I i
cd f;
S’® ® &
S’® a
£
p o.
1881.
8tock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock
8tock
Stock
Stock
CD
3
ohjopa
|Tol. XXXII.
1881.
1980.
1879.
1878.
863.000
41,200
659.000
46,209
549,000
56,500
763,000
9,750
904,200
705,209
605,500
772,750
...
Total,
new
Total;-all
’
j
-v
ports
-.
2,523
1,536
409
282
465
293
217
443
770
10,325
2,025
670
Stock.
19,912
12,931
6,368
8,361
5,489
67,926
10,904
17,869 131,891
268
515
1.415
2,183
1,356
204
207
790
277
262
3,502
2,205
10,342
4,574
3,151
Week
ending April 1G, ’80.
Receipts. Shipm'ts
476
334
»353
55
590
246
2,045
111
476
481
8,440
1,607
2,S55
222
Stock.
13,566
9,349
1,939
6,860
2,680
86,203
13,813
13,636 134,410
4,755
1,979
222
100
342
100
300
688
350
76
1,437
8,652
2,000
877
588
86
140
191
439
301
•
624
2,275
1,000
10,438
4,043
1,488
61,528
504
56
30
594
386
296
1,465
10,945
269
655
396
8,342
400
373
235
5,092
9,009
7,530
8,312
47,349
10,947
2,298
4,090
19,376
24,068 105,510
8,7S7
13,845 104,146
-29.459-
41,937 237,401
13,542
27,481 233,556
16?
bifi year'a figures
-
estimated.
2,746
-
4,923
4,416
9,809
April 16,
THE CHRONICLE.
1881.]
The above totals show that the old interior stocks have de¬
creased daring the week 7,786 bales, and are to-night 2,519
bales less than at the same period last year. The receipts at
the same towns have been 5,328 bales more than the same week
last year.
Receipts
425
Little Nock, Arkansas.—Friday and Saturday of the
past
week were clear, but the remainder of the week has been
cloudy,
with rain on Sunday and Monday and some hail
Monday night,
which did no damage. It is now clear and
pleasant. The rain*
fall reached twenty-five hundredths of an inch.
Average ther¬
Plantations.—The following table is mometer 53, highest 83 and lowest 31.
Nashville, Tennessee.—It has rained on four days the past
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬ week, the rainfall reaching one inch and twenty-seven hun¬
times misleading, as they are made up more largely one year dredths. The thermometer has ranged from 36 to 69, averaging
than another, at the expense of the interior stocks. We reach,
Memphis, Tennessee.—Telegram not received.
therefore, a safer conclusion through a comparative statement
Mobile, Alabama.—It has been showery on two days the past
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not mclude overland receipts or week, and the rest of the week has been pleasant. The rainfall
Southern .consumption; they are simply a statement of the reached sixty-one hundredths of an inch. The frost we have
weekly movement from the plantations of that part of the crop had will make replanting in some districts necessary, but no
serious damage has been done. Planting is making
which finally reaches the market through the out-ports.
good prog¬
RECEIPTS FROM PLANTATIONS.
ress, but * is backward. Average thermometer 63, highest 84 and
from
the
lowest 42.
Week
ending—
Jan. 28
4
Feb
•ft
11
• ft
18
• ft
25.....
Mar.
•ft
Receipts at the Ports.
1879.
167,097 187,191
171,008 112,303
150,841 119,854
184,328 115.307
110,047 102,995
4
83,266
11
78,490
60,202
•ft
18
•ft
25
....
Anril 1
ftft
8
••
15
1880.
60,098
54,283
44,851
40,187
1881.
Stock at Interior Ports Rcc’pts from Plant'ns.
1879.
1880.
1881.
1880.
1881.
125.070 220,935 301,880 273,505 109,447 140,997 121,342
147,129 214,117 357,910 282,489 104,790 108,399 150,053
133.723 190,765 315,975 279,523 127,489 107,913 130,757
146,539 132,246 327,084 278,768 125,809 96,416 145,784
133,359 170.438 310.972 284,155 98,239 92,883 143,740
78.451 133,931 185.019 303,279 288,546
64,368 140,123 159.418 299,990 285,017
49,611 103.200 14!,012 291,047 297,314
53,419 93.090 131,403 200,120 277,992
47,393
1879.
37,823
78,554 116,879 259,223 200,5(9
85,090 107,005 252.495 219,879
3 <.910
60.579
78,447
04,758 138,322
72,289 51,085 130,597
42,390 40,002 110.497
50,549 3^.492 84,368
39,099 40,490 07,101
84,977 80,595 08.990
25,149 24.971 54.101
Montgomery, Alabama.—We have had rain on two days the
past week, the rainfall reaching one inch and seventy-nine
hundredths.
The days have been warm and the nights have
been cold; but as the week closes there is a favorable
change in
the weather. Average thermometer 59,
highest 80 and lowest 42.
Selma, Alabama.—It has rained on three days the past week*
the rainfall reaching one inch and
fifty-three hundredths. The
weather has been too cold. The thermometer has
averaged 59.
Madison, Florida.—Telegram not received.
Macon, Georgia.—We have had rain on two day3 the past
week. The thermometer has averaged 59,
ranging from 40
to 75.
Columbus, Georgia.—It has rained on one day the past week,
hundredths of an inch. Weather
The above statement shows—
in this section. Average ther¬
1. That the total receipts from the plantations since Sept. 1 in mometer 57, highest 70 and lowest 40.
Savannah, Georgia.—We have had rain on three days the
1880-81 were 5,447,331 bales; in 1879-80 were 4,802,550 bales; in
past week, and the rest of the week has been pleasant. The
1878-79 were 4,344,855 bales.
2. That, although the receipts at the out-ports the past week rainfall reached one inch and sixteen hundredths.
The ther¬
mometer has ranged from 46 to 78,
were 66,579 bales, the actual movement from plantations was
averaging 61.
Augusta, Georgia.—We have had heavy rain on three days
only 54,101 bales, the balance being taken from the stocks at the
interior ports. Last year the receipts from the plantations for the past week, the rainfall reaching three inches and thirtythe same week were 24,971 bales and for 1879 they were 25,148 seven hundredths. The weather has been cold and cloudy.
The thermometer has averaged 58, ranging from 43 to 76.
bales.
Charleston, South Carolina.—It has rained on three days
Weather Reports by Telegraph.—There have been rains in the
past week, the rainfall reaching two inches and forty-six
most of the Cotton States the past week, but no more than usual hundredths.
Average thermometer 58, highest 74 and lowest 43.
The following statement we have also received by
at this season of the year. The range of temperature has also
telegraph,
been low in sections, probably making replanting necessary in showing the height of the rivers at the points named. at 3 o’clock
April 14,1881, and April 15, 1880.
some districts.
This has been more especially the case in Texas,
April 14, ’81. April 15. '8#.
Feel. Inch.
Feet. Inch.
where they have had a killing frost. As the week closes there
New Orleans...
.Below high-water mark..
2
5
l
5
yias been an improvement in temperature.
.Above low-water mark... 29
10
27
O
.Above low-water mark... 29
3
9
8
Galveston, Texas.—The weather has been cold and dry all
Above low-water mark... 13
6
20
9
the past week, with frost throughout the State on Wednesday.
Vicksburg
Above low-water mark... 41
1
42
10
All cotton above ground was killed. The frost we have had will
New Orleans reported below high-water mark of 1871 until
make replanting in some districts necessary. Corn and fruit are 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
supposed to be only partially injured. We are needing rain 1871, or 16
feet above low-water mark at that point.
everywhere. Average thermometer 66, highest 82 and lowest
Jute Butts, Bagging, &c.—There has not been any change in
47.
the position of bagging since our last report, aad business
Indianola, Texas.—The weather has been cold and dry all shows no increase. Large parcels are not inquired for, but
the past week, and rain is needed. We have had a
killing frost there is a fair demand in a jobbing way, which takes off a con¬
this week on one night. Cotton killed but corn will recover. The siderable quantity of goods.
Prices continue steady, and
holders are not willing to dispose of their goods except a full
thermometer has ranged from 40 to 81, averaging 67.
figure is paid, and the market closes at 9x£c. for 1%lbs., 10c.
Corsicana, Texas. —We are needing rain very much. The for 2 lbs. and 11c. for standard grades. Jute butts are quiet,
weather has been too cold. We have had a killing frost this and we do not hear of any business, even in small lots, as con¬
week on one night, but there was not much up to be hurt. Corn sumers are pretty well supplied at present; prices are steady,
and for paper grades holders ask 2%@2 ll-16c., while bagging
will revive. The thermometer has averaged 65, ranging from 35
qualities are quoted at 2%@3c.
91.966 238.550 237.401
the rainfall reaching eighty-two
has been too cold for planting
.
.
-
to 85.
Comparative Port Receipts
Daily
Crop
Movement.—
Balias, Texas.—The weather has been cold and dry all the
A comparison ef the port movement by weeks is not accurate,
past week, and we need rain badly. We have had a killing frost
as the weeks in different years do not end on the same
day of the
this week on one night. Corn was injured but net killed, and
month.
We
have
consequently
added
to
our
other
as to fruit, accounts from the interior are
standing
conflicting. No cotton
tables a daily and monthly statement, that the reader may
above ground. ‘ Average thermometer 65,
highest 85 and
lowest 35.
constantly have before him the data for seeing the exact relative
Brenham, Texas.—The weather has been too cold during the movement for the years named. The movement each month
past week. We are needing rain badly. We have had a killing since September 1 has been as follows:
frost this week on one night; cotton that was up is killed, ana
corn was
Year Beginning September 1.
nipped, but will come again; uncertain as to fruit. Monthly
Average thermometer 66, highest 85 and lowest 38.
Receipts.
1800.
1879.
1878.
1877.
1876.
1875.
Waco, Texas.—We have had no rain the past week, and it is
wanted badly. The ground is too hard to plow. We
98,491
236,868
169,077
had Sept’mb’r 458,478 333,643 288,848
a
killing frost on Wednesday. No cotton yet up, but corn and October.. 968,318 888,492 689,264 578,533 675,260 610,216
fruit were injured. The thermometer has ranged from 35 to 84, Novemb’r 1,006,501 942,272 779,237 822,493 901,392 740,116
Decemb’r 1,020,802
averaging 64.
956,464
900,119
787,769
893,664
821,177
New Orleans, Louisiana.—It has rained on one
571,701
647,140
618,727
689,610
500,680
637,067
day the past January
week, the rainfall reaching one inch and twenty-six hundredths. February. 572,728 447,918 566,824 472,054 449,686 479,801
Average thermometer 65.
March.
476,532
261,913
303,955
340,525
182,937
300,128
Shreveport, Louisiana.—We have had generally fair
Total year 5,075,110 4,480,842 4,140,519 3,901,825 3,734,592 3,757,682
weather during the past week, the rainfall
reaching only forty- Pero’tage
of tot. port
nine hundredths of an inch. The roads are in a
very fair condi¬
93-10
89-53
89-78
92-48
8ShQ6'
reoeipts Mar. 31
tion. Average thermometer 54, highest 79 and lowest 38.
Vicksburg., Mississippi.—The weather has been too cold
This statement shows that up to Mar, 31 the receipts at the
fluring the past week. The frosts we have had will make ports this year were 594,268 bales more than in 1879-80 and
replanting in some districts necessary.
934,591 bales more than at the same time in 1878-79, By adding
Columbus, Mississippi.—It has rained on one day the past to the above totals to Mar. 31 the daily receipts since that
tiiqe} we
week, the rainfall reaching one inch and sixty-one hundredths. shall be able to reach a,Q exact
comparison
the
of
movement
for
We have had a frost this
the different years.
*
’
‘
week, but not a killing frost.
'
and
'
,
.
..
..
THE CHR0N1CLK
426
1876.
1877.
1878.
1879.
1880.
1881.
Tot.Mr.31 5,075,110 4,480,842 4,140,519 3,901,825 3,734,592 3,757,682
“
2....
“
"
“
3....
8.
4...
23,210
13,035
9,980
13,656
14,912
5....
“
6....
•*
7..
“
8....
“
“
.
“11...
13,867
12....
“
13....
11,621
8,010
“
14....
11,031
f
15....
5,491
8,237
6,338
6,243
5,264
4,717
5,156
S.
10....
11,236
S.
9,678
9....
“
“
.
8.
S.
9,905
7,353
5,696
4,746
12,360
8.
9,724
9,790
4,729
9,816
6,299
S.
8,081
6,566
S.
5,973
4,406
4,484
2,347
2,641
2,764
10,675
6,138
6,639
5,112
6,987
4,792
8.
7,629
Manchester Market.—Our report received from Manchester
to-night states that prices for shirtings are unchanged, and that
the market is inactive and drooping.
We give the prices of
to-day below, and leave previous weeks* prices’for comparison:
1880.
1881.
15,339
7,094
9,576
4,493
10,114
6,441
4,836
3,083
4,915
3,164
11,515
S.
S.
5,311
6,277
8.
10,317
9,222
5,310
6,862
7,649
6,885
8,735
8.
15,764
9,834
6,649
5,114
14,158
5,817
9,393
5,570
6,785
5,922
8,298
6,524
15,516
10,903
Apr. 1....
[Vou XXXII.
Total
5,242,901 4,565,241 4,239,886 4,018,663 3,784,823 3,860,297
Percentage of total
92*11
93*73
92*47
95 34
91*27
port reo'ots Apr. 15
Shirtings.
d.
93e@10%
9%@1014
9%@ 10%
9% 0)1038
9 *4® 97g
9%@ 97s
d.
Feb. 11
“
18
“
25
Mar. 4
“
11
“
18
“
25
9
9
9
9
Apr. 1
“
“
8
15
@
'a)
@
@
GolCn
Mid.
8% lbs.
32s Cop.
Twist.
d.
s.
s.
Shir ting8.
d.
d.
d.
d
6 97e@8 27e
6 10% @ 8 2%
6 10%@8 27s
6 10%@8 27e
@7 10%
6 9
6 9
@7 104
978 6 7%@7 9
978 6 7%@7 9
97s 6 9 @8 0
97a 6 9 @8 0
8% lbs.
32s Cop.
Iwi8t.
Up ds
67ic
6316
63,6
6316
6
^16
6
@12%
@12
@12
11%
1138
1138
11%
@11%
@11%
@11%
11
@11%
11
@11%
10% @11
11
11
d.
6
9
9
9
6
s.
67ig 11% @1134
63s
638
-
7
7
7
7
7
7
7
7
7
7
CotVn
Mid.
Upldr
d.
6
9
9
9
3
s.
@8
@8
@3
@8
@8
4%@8
4%@8
4%@8
4%@8
1%@8
d.
7%
73s
75i6
73e
73q
7%
7%
7%
3
3
3
3
0
7%
7
The Exports of Cotton from New York this week show adecrease, as compared with last week, the total reaching 9,521
bales, against 31,335 bales last week. Below we give our usual
showing the exports of cotton from New York, and their
also the total exportsThis statement shows that the receipts since Sept. 1 up to and direction since September 1, 1880, and in the last column
to-night are now 677,660 bales more than they were to the same the total for the same period of the previous year:
Bkports of Cotton (bales) from New York since Sept. 1,1880.
day of the month in 1880 and 1,003,015 bales more than they were
Same
Week ending—
to the same day of the month in 1879. We add to the table
Total
period
the percentages of total port receipts which had been received to
since
Exported to—
March March April April
previ’u#
April 15 in each of the years named.
13.
6.
30.
23.
Sept. 1. year.
India Cotton Movement from all
collected for
are now
us,
Ports.—The figures which
and forwarded by cable each Friday,
of
Tuticorin, Carwar, &c.
previously-received report from
Bombay, to furnish our readers with a full and complete India
the shipments from Calcutta, Madras,
enable us, in connection with our
movement for each week. We first
for the week and year, bringing the
BOMBAY RECEIPTS AND
Great
Brit'n.
Conti¬
nent.
Total.
figures down to April 14.
Great
Conti¬
Britain
nent.
6,000 28,000 34,000 115,000 217,000
1881
1380 21,000 5,000 26,000 134.000 168.000
1379 25,00o 17,000 42,000 85.000 127,000
1978 19,000 20,000 39,000 173,000 235,000
Since
This
Week.
3.301
7,721 277,516 275,931
15,447
7,006:
8,963 11,242 17,648
7,721 292,963 282,937
8,263 10,742 14.347
Liverpool
Other British
500
700
ports
Total to Great Britain
150
818
Havre
516,000
507,000
360,000
503,000
408,000 28,00o
28,934
1,400
19,635*
508
500
100
....
Other ports
818
1,550
412
30,334
19,635
956
1,614
1,388
30,994
200
700
18,261
9,823
16,327
23,312
13,451
2.52S
65,582
39,286-
Jan. 1.
332,000 55,000
302,000 52.000
212,000 44,000
412
1,400
Other French ports
Bremen and Hanover
Hamburg
Receipts.
Total.
direction, for each of the last four weeks;
Total French
SHIPMENTS FOR FOUR YEARS.
Shipments since Jan. 1.
Shipments this week.
Year
give the Bombay statement
table
1,106 12,137
1,388
Total to North. Europe
1,108
Spain, Op’rto, Gibralt’r,&c
All other
75
1,578
3,206
Total
75
2,038
3,206
460
Spain, &o
According to the foregoing, Bombay appears to show an Grand Total
10,146 13.216 31.3351 9,521 390,917 345,064
compared with last year in the week’s receipts of 3,000
The Following are the Receipts of Cotton at New York,
bales, and an increase in shipments of 8,000 bales, and the
shipments since January 1 show an increase of 30,000 bales. Boston, Philadelphia and Baltimore for the past week, and
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for since September 1, 1880:
the same week and years has been as follows.
Baltimore.
Boston.
Philadelphia.
New York.
rfi
increase
CALCUTTA, MADRAS,
TUTICORIN, CARWAR, RANGOON AND
KURRACHEE.
Great
Conti¬
Britain.
nent.
This
week.
Shipments since January 1.
Shipments this week.
*
Year.
Receipts
from—
Conti¬
nent.
Great
Total.
Britain.
Total.
This
week.
| Since
\Sept. 1.
4,155 134,505
1,693- 91,079
2,833 207, L14
N. Orl’ans
Texas....
Savannah
Mobile
Florida.
S.Car’llna
N.Car’lina
197
7,220
3,2 V
24,685
16.000
3,00*6
7,000
2,000
19,000
9,000
64,000
53.000
103,000
57,000
15,000
29,000
41,000
31,000
117.000
132,000
98,000
46,000
The above totals for this week show that the movement from
the ports other than Bombay is 19,000 bales less than for
the
week last year. For the whole of India, therefore, the total
shipments this week and since January 1, 1881, and for the cor¬
same
responding weeks and periods of the two previous years, are as
folio AS.
EXPORTS TO EUROPE FROM ALL
from—
Bombay
307
1,94 i
21,134
47,953
*!*!!*.!
.
2,402
4,739
Virginia..
376 134,626
186, 37,695
992 209.362
104
126
603
17,752
North, pts
Tenn., &o.
6,772 135,954
91
651
4,624
57.269
...
2,995 41,340
m
m
m
m
.
•
»
•
962
25,422
•
Foreign..
166j 2,865
96
1
This year.
17,182 962,563
4,118 346,018
3,302 64,416
2,396 197,262
1,934 162,537
550 81,014
2,859!375,262
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
126,171 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday. With regard to New York, we-
Lastyear.
8.581 952,675
This
week.
Since
Jan. 1.
34,000
332,000
1 L7.000
26.000
302.000
42,000
19,000
132,000
9,000
212,000
98,000
night of this week:
449,000
45,000
434,000
51,000
310,000
To Havre, per steamer Canada, 162
per bark Crono, 250.
To Bremen, per steamers Hohenstauffen, 793
Main, 595.
New Orleans—To Liverpool, per steamers Buena Ventura,
to date, at all India ports.
Alexandria Receipts and Shipments.—Through arrangements
we 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 and for the coi responding week
of the previous two years.
Alexandria, Egypt,
April 14.
1831.
Receipts (cantars*)—
This week....
Since Sept. 1
9,000
2,716,000
This
week.
Exports (bales)—
To Liverpool
To Continent
Total Europe
Since
Sept. 1.
1380.
3,193,6*0*6
This
week.
Since
Sept. 1.
1379.
4,000
1,556,000
This
week.
Since
Sept. 1.
11,000 222,000
279,750
3,000 118,563
1,316 156,597
1,000 151,000
2,000 69,000
14,000 340,563
1,316 436,347
3,000 220,000
include the manifests of all vessels cleared up to
New York—To
Liverpool, per steamers Adriatic,
Italy, 2,463
Scythia,'313
Wisconsin, 3,260
Wednesday
1,685
Total bales.
Carolina, 3,735
Guillermo, 3,000
Liscard,
3,646. ..West Indian, 3,207
per ships Gatineau, 3,200...
Western Empire, 5,200
Prussia, 4,629
per bark
Freikaudel, 2,454
To Queenstown, per bark Albion, l,55p
To Havre, per ships France, 3,557
Tiios. Lord, 4,357
St. Kilda, 3,661
Yarmouth,
per barks Ontario, 2,689
1,105
To Bremen, per barks Ercole, 2,015....Jokanno Marie,
2,300
To RevaL per bark Albert, 2,984
To Cronstadt, per brig Nada. 1,450
This statement shows that the
April 14 were 9,000 cantars and
*■
were
14,000 bales.
receipts for the week ending
the shipments to all Europe
7,721
412
1,383
2,000
31,071
1,555
15,369*
4,315*
2,984
1,450To Malaga, per bark Leif Ericksen, 1,813
1,813To Genoa, per bark Risorto, 1,664
per schooner Mathilde
Kranz, 2,515
4,179^
To Vera Cruz, per steamer City of Merida, 884
884
Mobile—To Liverpool, per ship George Hurlbut, 3,588
3,588
Charleston—To Havre, per barks
Christina, 1,880 Upland
Emily Lawther, 2,487 Upland and 144 Sea
Marco Polo, 1,375 Upland
Island
To Bremen, per barkentine Jonas Lie, 815 Upland
To Reval, per bark Gustav Adolf, 2,650 Upland
To Cronstadt, per bark Ilos, 2,755 Upland
To Norrkoping, Sweden, per bark Medusa, 1,145 Upland
To Barcelona, per brigs Acancia, 500 Upland
Premia, 620
Upland.......
7
...
Port Royal—To Liverpool, per bark Hugh Cann, 2,164 Upland
and 218 Sea Island....L.
Satannah—To Rotterdam, per bark Tordenskjold, 2,000 Upland.
?
i
18,696
87,SOS132
2,137136,810
1,133 109,045
Since
Jan. 1.
comparison of the
and for the three
Since
601
This
week.
This last statement affords a very interesting
total movement for the week ending April 14,
k
......
Since
Jan. 1.
34,000
years up
This
This
week.
Allother p’rts.
Total
1879.
1830.
1881.
Shipments
to alt Europe
INDIA.
Since
5,200
...
1881
1880
1879
1878
This
Since
Sept. 1. week. Sept. 1. week. Sept. 1.
Reval, per bark Attilla, 1,625 Upland
To Barcelona, per steamer Vidal Sala, 2,500
To
bark Sasuboyana,
5'48 Upland
Upland
per
5,886
*
815
2,650
2,755
1,145
1*120
2,382
2,000
1,625
3,033
.
April
THE CHRONICLE.
16, 1881.J
427
Total bales.
Texas—To Liverpool, per ships Savannah, 4,864—Southern
Chief. 4,545
per harks Slobodan M., 3,057
St. Olaves,
2,000
14,466
To Bremen, per bark Minnie Grey, 1,300—per
934
To Reval. per bark Gulnare, 1,620
To Vera Cruz, per steamer Whitney, 1,751
2,231
1,620
1,751
Baltimore—To Bremen, per steamer Hermann, 8S9
Boston—To Liverpool, per steamers Flavian, 553
Glamor¬
gan, 451
Parisian, 110—Victoria, 925
To British Provinces, per schooner Right Bower, 1
Philadelphia—To Liverpool, per steamers British Crown, 2,300
Ohio, 726
889
1
3,026
Liver-
pool.
New York..
N. Orleans.
Mobile
Charleston
7,721
31,071 15,369
3,588
5,886
Baltimore
Boston
2,039
Philadelp’a
3,026
4,315
4,434
1,813
815
5,405
1,120
2.000
1,625
3,038
2,234
1,620
Total.
9,521
*
4,179
884
63.620
3,588
889
6&i8
April
6
Apr.-May
May-Juue
6
we
Satur.
Liverpool, steam d. 316® 4
sail... d.
Havre, steam
to vessels
c.
Bremen, steam,
c.
Hamburg, steam.d.
Do
sail...rf.
Do
sail...d.
c.
Wedne8.
Thurs.
316® 4
9iC® 4
316® 4
3ie® 4 316® *4
4*
4*
4*
4*
7i«®4
7i6® 4
4*
d.
sail
Tues.
4V
4*
716®4
?16®4
4*
716® 4
Amst’d’m, steam.c.
916
Baltic, steam
Mon.
4*
?16®4
71C ® 4
.c.
sail
follows:
Fri.
1164~1564 ll64-1564 ll64~l564 11i6~15e4 1164"l564 h64-1564
c.
sail
4*
7ie® 4
Tie® 4
Tie® 4
4*
716®4
916
4*
4*
Tie® 4
4*
710®4
916
4*
4X
716®4
TXe® 4
4*
Tie® 4
916
4*
7ie® 4
°1G
7ie® 4
916
4
4
4
4
4
4
38
38
38
38
38
38
1964®516 I964®516 19G4®516 1964®51q 1964®516 1964®516
Compressed.
Liverpool.—By cable from Liverpool, we have the following
statement of the week’s sales, stocks, &c., at that
port:
March 25.
Sales of the week
bales.
Of which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total
import of the week
Of which American
Amount afloat
Of which American
April 1.
44,000
3,100
....
45,500
3,400
2,000
38,000
52,000
6.700
4,900
17,000
867,000
663,000
82,000
63,000
13,50>
821,000
626,000
28,000
22,000
395,000
301,000
1,580
33.500
3,500
19,500
849,000
653,000
125,000
105,000
352,000
273.000
April 8.
366,000
278.000
64,(00
4,900
3,300
April 14.
42,000
5,700
1,300
32.500
3,700
11,000
863,000
644,000
91,000
56,000
377,000
298,000
The tone of the Liverpool market for
spots and futures each day of the
ending April 15, and the daily closing prices of spot cotton, have
been as follows:
week
April
Saturday Monday. Tuesday.
Market, ?
12:30 p.m
j
Mod.
freely
Fair dem’nd free-
supplied.
ly met.
Dull
and
easier.
646
64a
64e
Mid. Upl’ds
Mid. Orl’ns
Market.
5 p.m.
inq.
64
64
64
Wednes.
Thursday.
Easier, & Mod. inq.
freely
cheaper. supplied.
6
646
fr’ction’ly
64
64e
{
J
Sales
8pee.<fc exp.
7,000
1,000
10,000
1,000
7,000
1,000
8,000
8,009
1,000
1.009
Futures.
Market, l
5 p.m.
\
Steady.
Apr.-May
June-July
July-Aug
Dull.
Steady.
Friday.
.
Aug.-Sept
Oct.-Nov
June-July
6°33 ® 4
5i5ie
..6ija®i32
May-Juue
■%64e
Jinc-July..... ..o^a
Delivery.
July-Ang
Aug.-Sept ••••••••#
d.
61*
6°32
Nov.-Dee
53ii32 • May-June
53i32 | Juue-July
6
«
53l32
6332
6533
67aa
J uly-Aug
Aug.-Sept
6i32 I July-Aug
6332 j Nov.-Dee
0533
514,
16
Friday—Holiday.
BREADSTUPPS.
Friday. P. M.. April 15. 1881.
The flour market
dull early in the week, and
prices are
no material reductions could be made.
Holders made concessions to realize within the
range of previous
values;
There
mand
it
extremely difficult to realize outside figures.
anticipations of more liberal supplies, and the de¬
was
were
not
so well maintained as was
expected. Latterly,
however, there has been more business, though the close
yester¬
day was very quiet. Bye flour has advanced.
The wheat market was depressed
early in the week, by the
partial cessation of the export demand and the return of better
weather at the West and Northwest,
promising a good season
for spring sowing, and bringing forward the winter
crop. The
lower prices led to more activity for
export, and there was at
the close yesterday some
recovery in tone and prices, with a
good export demand, favored by some abatement of ocean
freights. No. 2 red winter sold at $1 20% for May and $119%
for June ; No. 1 white on the
spot, $1 20%. Spring wheats are
nearly nominal; some No. 3 sold at $1 14 ; No. 2 (N. Y. grade)
may be quoted at $1 18, and No. 2 Milwaukee about, $1 20.
Indian corn has met with a good
general demand, and, with
some revival of
speculative confidence and action, prices have
improved materially in the past few days, stimulated to some
extent by the advance in products of swine, because the
feeding
was
demand will be increased.
Yesterday “steamer” mixed sold at
56M@57c. and No. at 55%c. for May.
Rye has advanced, and prime sold at $1 10. Barley has met
with only a moderate demand, but, stocks
being light, prices
are
firm.
Oats have continued to give
way in
and prospective supplies. The
prices under better present
depression, however, is more in
mixed than
white, and more in futures than spots, some scarcity
being apprehended this month. * The market was weak yester¬
day, No. 2 graded closing at 46%c. for white, and 44Mc. for
mixed, and No. 2 mixed selling at 43%c. for May.
The following are closing quotations:
Flour.
No. 2
# bbl. $3 10®
Winter superfine
4 10a
3 90®
Spring superdne
Spring wheat extras.. 4 50®
do XX and XXX... 500®
Wis. & Minn, rye mix. 5 00®
Winter shipp’gextras: 4 65®
do XX and XXX... 5 25®
Patents
6 50®
Grain.
3 6)
4 25
Wheat-
4 10
4 85
625
5 50
5 10
6 50
8 25
Red wiucer
Red winter, No. 2
White.
Corn—West, mixed.
WAst, No. 2, new.
Western yellow..
Western white...
South, yell’w,new
8outh. white,new
Spring
City shipping extras.
4 60® 5 75
family brands
skip’g extras.
Rye flour, superfine..
5 75® 6 75
4 75® 5 50
5 60® 6 10
Oats—Mixed
White
2 70®
Barley—Canada W.
State, 4-rowed
Southern, bakers’ and
Corn meal—
Western, «fec
Brandywine, <fto
®
3 00
3 10
Rye
State, 2-rowed
Peas—Cau’da.b.&f.
$1 03
®l 20
L 09
® l 26
1 224 <3>
1 12
56
57
57
59
57
59
1 07
43
45
1 05
82
®1 21
®
59
®
®
®
®
®
584
59'
61
59
61
®1 10
®
45
50
®1 22
®
.®....
®
95 :
(From the " New York Produce Hxchanye Weekly.”)
;
.Holiday
Quiet.
Receipts of flour and grain at Western lake and river ports
ending April 9, 13S1:
for the week
Flour}
At-
Chicago
Toledo
Detroit
Cleveland....
St. Louis
Peoria
Duluth
bb'8.
(196 lbs.)
84,621
55.668
785
9,510
3,037
33.917
..
..
..
..
..
same
..63132
193,793
time ’SO. 115,321
Total receipts at
Wheat,
bush.
(60 lbs.)
166.082
164.804
135,167
107,676
8,000
290,534
15,650
Total
Delivery.
Oot.-lfor
Nor.-JOee....
was
generally receded, yet
;
SATURDAY.
d.
Oct.-Nov
Nov.-Deo
64
8ept.-Oct
«
The actual sales of futures at
Liverpool for the same week are given
balow. These sales are on the
basis of Uplands, Low
Middling clause,
unless otherwise stated.
Delivery,
Apr.-May
64
6732®318
6932®4
6310
April
Apr-May
Milwaukee...
Weak.
Oct.-Nov
6®53i32 July-Aug
6®53i33 Aug.-Sept
South’n
Spot.
July-Aug
6332®4Q
20,071
2,040
3,026
as
Aug.-Sept
Sept.-Oot
53i33 June-July
May-June
64
889
ship.
Cotton freights the past week have been
»YT-rtnijf'a^?eu
Aug.-Sept
6,663
1,751
Ihbros, steamer, before reported at Sebastopol from
Charleston, had
228 bales of her cargo of cotton badly
damaged.
Royal Minstrel, steamer (Br.).from Charleston for
Reval, put into
Valentia, Ireland, on April 9, short of coal. She was
obliged to
burn spars, fittings, boats, and part of
cargo.
Widdrington, steamer, from New Orleans for
Hamburg, before re¬
ported damaged by collision with steamer Cauima. L’he balance
of cargo, consisting of 750 bales of
cotton, will be sold at auction.
The original voyage having been
abandoned, and the steamer hav¬
ing been thoroughly repaired, she will be open for a fresh charter.
Nunquam Dor.mio, ship, from Savannah for Liverpool, before
reported
stranded at Bermuda. The hull of the
ship Nunquam Dermic,
during a severe gale on March 23, was completely broken up and
carried away by the sea. Not a
vestige is now remaining of the
*
63la
J uly-Aug
6i33
6333
6732
d.
.6132
0632
6»aa
63tg
6*32
14,371
2,382
give all new3 received to date of disasters
carrying cottou from United States ports, etc.:
Do
Apr.-May
Delivery.
April
Thursday.
Yera
Cruz.
Total... 64,293 21,667 11,641 13,084 5,971 4,179 2,635
126,171
Included in the above total are from New Orleans to
Queenstown
1,555 bales; from Charleston to Norrkoping, Sweden, 1,145 bales; from
Boston to the British Provinces, 1 bale.
Do
64
June-July
May-June..
J uue-J uly
Bremen Reval <£ Iona.
<6 Rotter- Croti- <£■ MaiHavre, dam.
stadt. aga. Genoa.
412 1,388
Port Royal.
2,382
Savannah
14,466
Texas
Do
Nov.-Dee
d.
6T32
Wednesday.
usual
Barce-
-
Do
May-June
6iia
64a
Tuesday.
2,039
our
form, are as follows:
Below
April
Delivery.
Sept.-Oct
126,171
particulars of these shipments, arranged in
The
d.
April-May
brig Unda,
Total
Monday.
Delivery.
367,032
33,294
57,600
607,185
461,165
887.913 1,892.744
833,550 2,2lo.OJ7
same
sive, for four yeans:
Corn,
bush.
(56 lbs.)
457.018
9,450
Oats,
Barley,
Dye,
bush.
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs )
230.350 61.432
1,321
22.350 45,780 10,060
7,9 L 2
1,000
7,433
*138
7,742
15,200
3,500
115.594 40,539
1,6*56
9.750
121,625
9,700
570.773 169,384
303,607 lil,860
22 325
16.807
ports from l)eo. 27 to April 9, inclu¬
i
THE CHRONICLE.
418
11,717,993
37,025,662
10,151,075
21,759,077
7,870,280
bush.
Wheat
Corn
Oats
.
5,785,834
16,032.792
20,237,686
6,222,417
15.616.231
19,747,722
5,451,096
2,144,651
1,045,700
796,888
638,351
504,100
Bye..
1,970,017
1,779,494
1,845,096
2,865,417
Barley
1,862,435
1,573,815
2,413,596
bblfl.
Fieur
45.069,277
44,005,900
Comparative receipts (crop movement) at same
August 1 to April 9, inclusive for four years :
ports from
57.012,936
43,149,949
Trial grain....
1880-81
1879-80.
1878-79.
1877-78.
bblfl.
6,087,726
4,772,566
4,607,041
4,442,411
Wheat
bush.
63,347,918
82,547,935
29,999,785
70.013,996
78,716,192
19,2t»9,089
72,121,558
60,308,081
22,182.427
59,102,022
54,837,338
17,862,653
Oats
8,623.511
2,965,906
3,022,517
Total grain.... 188.614,833 131,098.154 167,186,537 143,443,041
Comparative shipments of flour and grain from the same
ports from Dec. 27 to April 9, inclusive, for four years:
1878.
Wheat
Oorn
Oats..
bbls.
2,379,416
1,323,751
1,922,682
1,670,450
bush.
5,497,199
15,173,088
6,766.914
1,558.285
724,219
7,088,253
23,657,904
13,834.030
13,694,651
2,515,668
487,702
9,301,800
12,555.977
4,458,281
1,301,920
497,902
29,719,705
36.407,521
28.205,889
32,067,814
Barley
By®
Total grain
....
4,096,983
1,076,589
buflh.
Wheat
Corn
Oats
Barley
April 10.
102,942
April 12.
129,958
April 13.
99,125
504,330
1,267,871
446,920
1,514,676
5,471,394
512,037
1,572,18 L
924,931
44,748
83,906
72,758
148.304
452,073
82,504
153,756
490,263
182,107
43,565
2,353,221
7,730,317
3.076,437
926,520
Bye...
Wheat,
bush.
650,747
921,889
April 9...204,618
April 2...228,464
Mr.
26... 183,965
1far.
19...113,154
4w*ics’80..44l,654
456,928
561,272
Corn,
Outs,
bush..
bush.
1,478.199
1,752,195
458.977
398.445
1.376.378
359.819
452.785
2.023,402
Flour,
bbls.
..
..
Total week...
Oar. week ’80..
Oats,
bush.
bush.
76,400
9,150
18.265
438,800
17,500
18,927
46,942
74,268
21,205
267,774 1,411.036 1.562,004
269,136
..
..
..
Com,
bush.
3
..
..
Wheat,
143,000
391,700
11,891
10,668
20,165
72,758
52,653
62.236
76.337
Barley,
Rye,
bush.
bush.
12,100
38,151
16,100
600
1,000
450
1,700
6,300
1,000
35.500
56,739
179,185 1,547,658 3,413,437 301,271
Total receipts at same
Rye,
bush.
271,617 264,03 4
314.824 261,105
545,797 171,456
310,400 47,325
15,239
2,500
..
Baltimore
Few Orleans...
72,530
62,538
70.207
726,938
41,025
58,93 L
2,500
127.573
60,285
..
Philadelphia...
bush.
66.342
seaboard ports for the week
Beceipts of flour and grain at
April 9:
At—
Hew York
Boston
Portland
Montreal
Burley,
2,590,836 6,630,174 1,670,026
5,385,048 13,799,127 1,794,501
ended
46,829
from same ports for last four weeks:
Kail and lake shipments
Flour,
bhls.
1878.
Week
1879.
Week
AptHl 9.
204,618
66,342
Total
the
1880.
Week
bblfl.
Hoar
Tot.. 4 whs.730,201
811,940
Week
1881.
'
3,281.516
from Western lake and river ports for
Bail shipments
weeks enaed:
Week
ending—
1879.
1880.
1881.
Floor
8,821,240
3,753.231
9,697,840
3,461,037
10,753,239
Barley
Bye...
40,201
51,874
ports from Dec. 27 to April 9, inclu¬
sive, for four years:
Wheat
Oorn
2,477,801
2,834,058
2,400.227
12,757,464
35.810,435
5,272,154
1,313.910
18,606,073
28,715.334
4,024,038
1,855,816
523,919
318,049
22.167,917
27,606,038
5,047,860
1,229,412
45,948,927
55,481,012
56,864,130
54,255,563
bblfl.
3,688,825
bush.
15,149,647
23,096,622
5,*39.890
1,538.849
Oats"
Barley
Bye
Tbtalgrain
....
.
Few York
Boston
Portland
Montreal
Wheat,
bush.
105,799
18,810
10,391
1,105,292
4,632
230,390
207,209
332,017
205,778
583,840
251,160
Philadelphia..
Baltimore
Bew Orleans..
4,235
,353
579,656
308,404
12,239
and from Montreal
Oats,
Rye,
bush.
523
88
400
bush.
3,932
Peas,
bush,
33,523
9,862
3.932 43,300
7,534 72,589 36,146
visible supply of grain, comprising the stocks in granary
Tbfcal for w*k 144,720
Same time *80. 107,773
The
at the
Corn,
bush.
Flour,
bbls.
41,402
58,931
1,054,302
813,003
Exports from United States seaboard ports
April 9,1881:
for week ending
Jfi•om—
1878.
1879.
1830.
1981.
Flour
1,974,800 2,032,403
1,679,269 2,359,76L
1,011
principal points of accumulation at lake and seaboard
by rail and water and on canal frozen in,
ports, and in transit
April 9, 1881:
Corn,
Oats,
Barley,
bush.
bush.
bush.
1,031,868
323,671
7,500
11,500
299,335
70,000
45,000
Wheat,
Jn store at—
Bfew York
Do. afloat (ost.)
Albany
Buffalo
Chicago
Milwaukee
Duluth
Toledo
Detroit
Oswego
Bk Louis
Beaten
Toronto
Mannriil
bush.
594
5,051
251,518
8,129,787 *4,749.905 1,342.3 40
26,69.>
17,792
3.256,285
5.000
1,313,000
39,263
327.650
2,020,573
17.425
7,723
601.078
56,000
25,000
45,490
583,743 1,204,847
77,537
195,890
39,97 8
700
246,485
51,542
14,572
27,219
Rye,
bush.
78,096
23,990
162,000
159,000
99,074
189,764
80.000
58.000
4.983
94,366
246,526
27,045
8.500
12,451
250,000
40,000
2,958
5,040
866
801
183,401
13,633
‘
141
8,499
bush.
174.504
38.7)5
Jn Store at—
Com,
bush.
Oats,
Barhy
Rue.
bush
bush.
bush.
10,815
145,000
157,050
54.800
2,037
47,007
942
Baltimore —....
Down Mississippi.
115.100
1L2.812
606,918
146,417
82,668
157,236
62,500
111,404
433,475
210.328
On rail
Canal and river..
708.296
1,583,049
12,057
478,520
1,231,982
3,900,035
76,669
Philadelphia
Peoria
Indianapolis
Kansas City
Tot.
April
Hoar
Corn
Wheat,
1878.
1879.
1880.
1881.
[Vou XXXII.
_
505
-
66,342
299,800
72,758
11,230
Apr. 9, ’81.. 20.723,131 13,467,447 2.948,583 1.766,072
2, ’31.;-.... 21,752.359 14,266,469 3,201,160 1,079.208
21.413,138 14.295.889 3,384,643 2,139.201
447,491
433,801
23,838,359 15,877,576 2,253,501 1,669,178
637,073
Mar. 26. '31
Mar. 19, ’81
Mar. 12, *81
22,907,003 15.103,306 3,516,541 2.321.261
23,383.090 14,757,954 3,464,688 2,402,c4,9
April 10. ’80
*
_
522,433
626,091
656,691
Including 695,738 bushels afloat.
THE DRY GOOD3 TRADE.
Friday, P. M., April 15, 1881.
There has been
during the past week a continuation of the
quiet tone lately reported in the dry goods trade, and the
volume of business was comparatively light. Manufacturers
of the best makes of domestic cotton
goods, prints, ginghams, &c., experienced a fair demand through
the medium of mail and telegraphic orders, but there was a
very unsatisfactory movement in domestic woolen goods, hosiery
and underwear, and nearly all imported fabrics were exceed¬
ingly quiet in first hands. There was very little animation in
the jobbing branches of the trade owing to the unpropitious
state of the weather, and retailers continued to operate with a
marked decree of caution, notwithstanding the very low prices
now quoted for most descriptions of domestic and foreign
agents, representing some
fabrics.
shipments of domestics to
foreign markets during the week ending April 12 were only
867 packages, cf which 217 were sent to Great Britain, 144 to
British North American Colonies, 107 to Brazil, 66 to Argen¬
tine Republic, 52 to Venezuela, 50 to Japan and smaller lots to
other countries. Despite the comparatively light export move¬
ment of the week, some very liberal orders were placed with
manufacturers’ agents for future delivery, and this branch of
the trade is steadily improving. There was a very moderate
demand for cotton goods at first hands, aside from a few lead¬
ing makes of plain and colored cottons, for which there was
a steady hand-to-mouth inquiry, resulting in a fair aggregate
business. The best makes of plain and colored cottons ruled
steady in price (with the exception of Atlantic brown sheetings,
which were reduced from M@/£c. per yard); but low grade
brown, bleached and colored goods continued weak and unset¬
tled. Print cloths were in good demand and dearer, large sales
of 64x64s having been made at 3M@3%e., and 56x60s at 3 5-16
@3%c., both grades closing firm at the outside quotations.
Prints and lawns ruled quiet, but gingams continued active,
and some fair sales of cotton dress goods were made by means
of lower prices.
Domestic Woolen Goods.—The woolen goods market ha9
presented few features of encouragement to either manufac¬
turers or distributors.
Heavy clothing woolens have received
less attention than expected, and business in this connection
was light and disappointing to holders, considering the liberal
price concessions that have lately been made as an incentive to
larger transactions. Spring cassimeres, worsted coatings, &c.,
ruled quiet in first hands, but a large distribution was made
by some of the leading cloth jobbers, who have unusually cheap
lots to offer.
Overcoatings were in limited request, but some
fair orders were placed for fancy-back makes. Satinets were in
irregular demand and on the whole sluggish, and there was no
movement of importance in Kentucky jeans, which were very
quiet as a rule. For flannels the demand was chirfly of a handto-mouth character, and, while shawls and carpets ruled quiet,
worsted dress fabrics were only in moderate request.
Foreign Dry Goods have been dull in first hands, but the
most staple fabrics were fairly steady in price, the diminishing
exports having imparted rather more strength to some kinds
of goods. The jobbing trade was less active than expected, the
state of the weather having proved a serious drawback to the
distribution of summer textures. Dress goods ruled quiet, and
silks were lightly dealt in, aside from fine black silks, and lowpriced fancy silks, in which there was some business. Linens,
white goods and Hamburg embroideries wore slow of sale, but
there was a steady movement in imitation Jaces, and lace goods
Domestic Cotton Goods.—The
at fair
prices,
:
.
.1.
!
@FedFRASER