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.
xmtlt
AND
HUNT'S MEllCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE
UNITED STATEa
VOL.
NEW
40.
YORK, APRIL
Ifittatictal.
25, 1885.
'ginnxxcinl.
Henry
DIAMONDS.
Bank Note Company,
SEW CHUBCH ST.,
Place,
'KEW YORK.
58
Urorpor.tt^
Itu.tncaA FouBdeil 17D&.
Uij0i<r Ian. of Slate of N.n York,
Engravers and
I'kintk-ks
Members N.
ENGRAVING AND PRINTING,
n.VXK NOTES, SHAKE CKKTIF WAXES. BONDS
fOlt «J«VEI1XMK.\T« AM» OOKPOKATIONS,
CHECKS,
STAMPS,
Ai-..
rii
II,.-
si-ETiAi.
iiio.t
I
ii-i
SAFETY COLORS.
l^xe<.>utL-tI
Co.,
Third and Cbestnut
\r. Cor.
S.
ui-1'4 t>\rtii<dvf>ly
BxofaausM
lu Fireproof Rullilluffi.
UTHOeRAPHIC AND T/PE PRlNTINa.
JtAlLWAY TUKETS OF lUPKOVKD STYLES.
!?buw Card% Lubcln, Culvadurt^
BLANK BOOKS OF EVERY DESCRIPTION.
ALBERT G. GOODALL. President
VICE-PRESIDENTS
J. MACD0N0U6H,
A. D. SHEPARD,
W. M. SMILLIE.
TOURO ROBERTSON.
C. H. STAYNER, Treas.
THEO. H. FREELAND, Sedy.
16
Cox,
\
_
;
,
Int,
J.
W. Work,
CwUw.
Maverick. National Bank,
-
Se..::
bo UK"..
Margin.
...
..
i.i
._/.... lA.aoiwn,
ivi
Cii.?ll
-
.
-
Accounts of Baoka
ColleotlonB
-
tuid
.
-
.
.
.
.
.
9400,000
400,000
fuvurable terms.
Ooremment Bonds bought and sold.
TaoMAS
A. vrsc.
Member N.
W.
K. n. VTBB.
Y. Stock Exchange.
V-yse & Son,
BANKERS AND BROKERS,
Broadway
66
iiranoh
OSce
&
Deposits receivcil.
7 Exchange Court, N. Y.
Union Square
at the Everett House,
and 17tb Street.
Gilder
BROAD
.
dc
&
33
ST.,
Fair,
NEW YORK.
BANKERS AND BROKERS,
Interest paid on Balances. Securities carried on
HarfTln. GoTemoient Bonds and other Investment
Securities bought and sold on commisson. Special
•ttantlon to orders bj mail or telCKrapb.
TINKER
Sc
WESTON,
BANKERS AND BROKERS,
No.
EXCHANGE COURT,
3
a
Vevr York.
UncBT TIWKXK, MembCT N. T. Stock Kzoh.
Bn(B8ii.ACB WiaroN.
STOCK BROKER.
Lansdale Boardman,
SEW YORK, SO BROADWAY & 5 NEW ST.
TROY,
Vnrk.
I
ngea.
^ui
:i
on margin. Dii
with the Chicago Uuai u ui
or
.
W. M.
Earl,
Ul
,md
md
-"ge
upon
BANKER AND BROKER,
DHEXEL BUILDING,
York.
STOCKS AND BONDS BOUGHT AND SOLO
TO
5S
5»
New
S TltlCTLT
a
W1\TRIXGII.4M,
P.
J.
COMMISSION.
O.V
&
Chew,
New
3C Pino Street,
TEa^PHONE CALL.
232
Atlantic Mutual
Rolston
No. 20
York.
JOHN.
&
Scrip.
Bass,
BROAD STREET, NEW YORK.
STOCKS, BONDS
AND MISCELLANEOUS SECURITIES
EzchanKOCoartA 53 Broad war,N.Y
Stocks, Bonds and D. S. Government SaonrltlM
Bought and Sold on Commission.
Jas. d. Siuons,
Bxmu,T Chut.
Member N. V. ritoek szobange.
Member W. Y. ProJuce Bxohange.
VovaUiBa OrcckA. . BAmAlc,
Memb. N. Y.Cotton Exch. vfemb.N.Y. Stock Bxch.
W. W. DUULEV.
& Bateman,
B.WKERS,
CORNER W^ALL ic NEW STREETS.
Green
Government Bonds, Stocks and
Correspondence SoUcitod.
31
—
lowed thereon. St.
pelr.ilcuni bought
Simons
Bankers aolidted.
made apon
.
STOCK BROKERS,
.
-
18 Froad Mf
(Next door to tinMembers of the N. V. SI.
BOSTOIV.
CAPITA!.,
tICRPLUS,
Richard,
MEMBER NEW YORK STOCK EXCHANGE,
Bankers dc Commission Stock Brokera
N», m nitOADWAV. NKW YOltK.
n-
Piea't.
dc
V. CAIlOLI.<,
CHAKLE8 F COX.
Member N. Y. Stock Exchange,
&
&
BANK E B S
WM.
Carol in
and trust funds.
Thompson
Investment Securities.
New Vork. Baltimore and other Diaoea
Private wire to
for Institu t ions
Ste.,
Deposlta received subject to cheek at sUht, and
Interest allowed on dally balances.
Stocks, Bonds, Ac, buuirht and sold on commission In
Philadelphia and other cities
ParUoular attention glvea to Information reKardlug
:
Asa. p. Pottkr,
NEW YORK.
1.422.
Government, State, County, City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject of Inrest
PHILADELPHIA.
for
SAFETY PAPERS.
ST.,
BOX
Transact a general banking business. Including the
purchase and sale of securities listed at the New
York Stock Exchange, or in the open market.
men ts
(ouiiian,*,
fli,'
•.!
!
Co.,
BANKERS,
(orxTKitramxo.
I'liivKXf
&
H. Taylor
L.
urIUllo nfylo
PLATES,
'I.
•
SjM-rlai
Work
una
-i
Di,
••
mik
r. and PhUadelpbla Stock
OF KXfll ANUE,
BM.I-S
P. O.
Receive deposits subject to cheque at sight and
allow Interest on dally balances.
^
niSAFTS,
Co.,
BANKERS,
182 Broadwajr, Cor, John Street
BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
&
Ives
S.
NASSAU
No. 25
IMPORTERS,
of
Foreign Governments.
&
Alfred H. Smith
ISiiS,
1H79.
lloorstttilzcil
1,035.
financial.
AMERICAN
Trinity
NO.
N. Y., No. 17 FIRST STREET.
Stock Bxob'ge membership; private wire; all fadlltlea
curitles
Quotations cheerfully furnished.
WM. H. Uoi.8Toy,
W. Alex. Bass, Jr.
Member N. Y. Stock Exch'ge.
Member Chlomio Stock hxcn'ge.
W. H. Goadby &
Co.,
No.
New York.
R..
A. Lancaster
&
Co.,
BANKERS AND BROKERS,
UNITED BANK BUILDING,
BaOADWAT AND WALL 8THBICT, NBW TOBK
DtAuma
Ballroad
&
Southern
iM
a
R. T. Wilson
Bpeeialtt/.
&
Co.,
BANKERS AND COMMISSION MERCHANTS
S Bzeluuiae Ooart. Ne<v kork.
Bishop,
brok>-rs,
35 pine street, new york.
—
(Memlten* .New
<•
i-
.
..
.
Accounts of Bunk
Intere.»t allowfil on
Draw on
<
,
.'ived.
.i«lon
'
I'.'nds,
Buslnessinllie i'li!Private Tol.Rochester, I'
icuse,
xo.
•ult.
u
'
Special utteiiL.. ...>.>'>•' .--»
i.;mool"
-
Howard Laps ley
&
Co.,
BANKERS AND BROKERS,
No. II W^ALL STREET,
TitMV
Miscellancons Secoritles.
Secttrttttx
&
bankers and
>
WALL STREET,
8
Hamilton
no.
BANKERS AND BROKERS,
all Investment So.
bought and sold on Commlssloo
Private Wires to Chicago, Washington, BalUmore,
Phlladelphlaand Boston.
B.ABIBL.
'
L. 8.
Vork,
nuKKIwailMKB, M.
BKI.IOII.ur
?.«mber« N. Y. Stock Kichang*.
Asiel
&
Co,,
BANKERSTAND BROKERS.
No. SI
KXCHANOI FLACK
,
THE
ii
^ovijign ||xj:ltau0c.
&
Morgan
Drexel,
&
Street.
Nos. 19
ISSUE TUAVELRRS' CREDITS, available
PHILADELPHIA
PARIS.
DOMESTIC AND FORKION BANKERS.
Securities
Deposits received subject to Draft.
baugnt and sold on commission. Interest allowed on
Deposits. KoreiRn ExchanKe. Commercial Credits.
Circular Letters for Travelers,
Oable Transfers.
available in all parts of the world.
Attorneys and aobnts o»
AND THKIK COHltESPOKDENTS.
Draw
&
Co.,
No. 69 H^ALIi STREET, N. Y.,
BUY AND 8KH.
BILLS OF EXCHAIWGE
ON GREAT BRITAIN AND IRELAND. FBANCK
OBBMANT, BELGIUM, BWITZBRLAND. NORWAY. DB.NMARK, SWEDKN AND HOLLAND.
iBsnc Commercial & TraTelers' Credits
AVAILABLE
And
IN
B A N K K R S
J
&
33
J.
&
Stuart
Co.,
NASSAU STREET.
" LIMITED !"
IIANCHBSTKR, PAYABLE IN LONDON
John Paton & Co.,
SUCCESSORS TO
JESIJP, PATON & CO.,
63 William Street,
sold.
—^'
DRAW ON
THE UNION BANK OP LONDON:
BRITISH LINEN CO. BANK, LONDON AND
SCOTLAND.
&
BANKERS
33
William Heath & Co.,
BANKERS AND BROKERS,
No. 80 Broadivar, Kew York.
Members of New Yoric Stock Exchange.
FOREIGN EXCnANOK. CABLE TRANSFERS.
Co.,
10 Tlu*oa:niortoB Ato*, liOndoB^ Kns*
Draw Bills of Exchanpe and transact
Jlianclttl comnil8sli)n business. PaTticuIar
a eeneral
attention
B Ven to American Securities.
&
'
Co.,
34 Exchange Place,
bills of exchange, letters of credit
City Loans negotiated.
&
John Munroe
ON MEXICO, CUBA,
KBira«T)T Tod.
H. O. NORTHCOTE,
J.
J.
&c.,
No. 63
&c
T. Stock Ezon.
&
Co.,
WILLIAM STREET,
BANKERS.
Act as Agents for Bankg, Baokera and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelersMetters of credit in pounds sterling & dolbirs.
MKLVILIiE, EVANS ifc CO., ,l'UNl»U«.
ownON
i
C. J. HAWBRO it .SON,
H. OVENS A- SON, AMSTERDAM.
UOTTINGUElt Jt CO., PARIS.
CHEQUES AND CABLE TRANSFER!? ON
CO.,
PARIS
STERLING CUBQUES AND BILLS AT SIXTY
DAYS SIGUT ON
AI.EXANDERS &
CO.,
&
New
York.
L£TTEK.S OF CKEBIT AND
C^IKCC
LAR NOTES
Issued for the use of travelera In all parts of theworld. Bills drawn on the Unlim Bank of London.
Telegraphic transfers made to London and to varloiia
places in the United States. Deposits received subject to check at sifirht, and Interest allowed on balances. Goveniroent and other hundp and investment
secnrittes bought
and sold on
comrtiission.
Uankers and
Taintor
Bvolicrs.
&
Holt,
BANKERS,
No. 10 TVAE.I.
NEW YORK.
STREET,
TRANSACT
DEPOSITS
a GENERAL BANKING business.
received and INTEREST allowed on
balances.
Buy aud sell GOVERNMENT, MUNICIPAL
RAILROAD Bonds.
and
Private telOKraph wires to Providence and Boston.
G. E.
GEO. U. HOLT.
TAINTOR.
G. n.
J.
L'nUILIER.
&
C. Walcott
Co.,
BANKERS AND BROKERS,
No. 34 Plue Street, New Vork.
Transact a General Banking Business
stocks and Bonds bontibt and sold on Commission.
Orders received in Mining Stocks, and In UDllsted
Securities. Collections nmde and Loans Negotiated,
Dividends and Interest Collected.
Deposits received subject to Draft.
Interest Allowed. Inrestment Securities a Speolaltj
We issue a Financial Report Weekly.
Office, 320 Broadway.
Connected by Private Wire.
Meirbers of the New Vork
Jos. C. WALCOTT,
I
gtock Exchantfe
Frank F. DiCKiysoN. C
Geo. K.
Yorit.
DEALERS
IN
Commission, for cash or on raardealt in at the New York Stock
Kxchanfce.
Interest allowed on daily balances.
AU deposits snbject to check at slvht.
Pftrticnlar attention to orders by mall or telegraph.
Buy and Sell on
(rtn,all eecurttles
Fred. H. Smith,
BROAD ST., NETT YORK.
STOCKS, BONUS AND PETROLEUM
No. 20
Bought, Sold, and Carried on Marulns.
all railroads for past twenty
Parties desiring to buy or sell unquoted secommnnlcate.
curities will do well to
F. H. Smith, ( Members N. Y. Mining, Stock A N».
tluna
I' etroieum Exchange. .
S. W. Smith, (
Intimate knowledge of
years.
i
W^ASHBURW A
TOWNSEMD,
CALJ>WEL,L,,
BANKERS AND BROKERS
No,
New
Sons,
Sistare's
16 & 18 Broad Street, Naw York.
131 SontltTIilrd Street, Pblladelpbla.
Connected by private wire with main office. New
Co.
BOSTON, MASS.
Cor. Wall and Nassau Sts.,
Stock
KOUNTZE BROTHERS^
BANKERS,
Offer Investment Securities.
Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, oonpons and foreign and
Inland Drafts.
Sell Bills of Exchange on
Kidder, Peabody
New York
FIRST-Cl,ASS IIVVESTMEWTS.
Alxxakdkr Baring,
Member N.
Kennedy Tod
Co.,
No. 32 Nassau Street, Jlew York,
No. 4 Post Office Square, Boston,
securities dealt in at the
telegraphic transfers of money
!
Scribe, Paris.
Orders solicited for London and American markets
for Investment or on margin. Railway, State and
MUNROE &
&
all
Exchange.
iSrancb
New York.
rH'I:s.'E!'(fniNclY.THOBK.DAnS.W.G.H.HKATH.
Kne
Co.,
COMMISSION MERCHANTS,
AX80,
No. 19
York.
Accounts and Ai^ency of Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and Int erest collected and remitted.
Act as affents for corporations in payiu/ coupons
and dividends; also as transfer airents.
Bonds, stocks and securities bou(;ht and sold on
commission, at the Stock Exchanse or elsewhere.
StcrtinK Uzcbange and Cable Transfers bought
1
CABLE TRANSFERS AND LETTERS OP CREDIT
PARIS:
NEW YORK: LONDON:
William Heath
New
AND
BDINBUKGH, AND BRANCHES
64. Wall St. and 62 Greene St., N. Y.
Buy and sell on commission, for investment or on
marKln,
Parable In anj part of Europe, Asia, Africa, Aasand AmerlOH.
Draw Bills of BxcbanRe and make Telegraphic
Transfers of Money on Europe and California.
Maitland, Phelps
NATIONAL BANK OF SCOTLAND,
of the New York Stock K^xchange,
IN FORKION EXCHANGE, GOVERNMENT
AND OTHER INTESTMEVT BOXDS.
STKl!r,ING LOANS A SVECIALTY.
DBALKRS
GisJla
i
BELFAST. IRELAND!
AND ON THB
&
York.
SKLIGMAN & 8TKTTHEIMEK, Frankfort,
ALSBERG OOLDBEKG, Amsterdam,
ALTMAN & STETTUEIMER, Berlin.
VLSTER BANKING COMPANY,
William Heath
,
Iggne Letters of Credit for Trarelers,
On SELIGMAN BROTHERS, London,
SKLIGMAN FBKRBS * CIB., Paris,
and
EXCHANGE ON
SnilTH, PAYNE & SMITH'S,
BANKERS, LONDON!
MANCHESTER ic COUNTY BANK,
BILLS OF
Chaa. Unger & Co.,
BANKERS AND BROKERS,
120 Broadway, Eqnitablp Building,
BROAD STREET,
Neiip
Martinique and QuadalQupe.
abroad on all points in the United States and
Canada, and of Drafts drawn In the
United States on Foreljrn Countries.
make Cable Trans
trance and Germany.
No. 33
TRANSFERS
BAKE TELEGRAPHIC
OF MONEY
BETWEEN TBIS AND OTBER COnNTBIBS.
MAKE COLLECTIONS (IF DRAFTS drawn
of Exchange on, and
& W. Seligman & Co.,
J.
IN STERLINO.
ANY PART OF THE WORLD.
in Francs, In
Blll-s
fers to, England,
mORISAN & CO.,
OLD BROAD STREET, lX)NDON.
Brothers
XU
Members
In all
parts of the World, through
IYIe<<srs. N. III. RoiliNcliilil vV Sou8, London.
*'
ilv UotliM-hiifl llrOH., l*nriH.
"
SI. A. lie Koilisc'biidd: Fioux, FrniikIon oxiii.
B. ni. do Hoibscbilil, Esq., Vienna.
raeaars. J. S.
Brown
Co.,
BANKERS,
& ai Nassau
Ro.84 South Third Street, 31 Boulevard HansBmaim.
Wo. 22
&
Co., August Belmont
Drexel,HarjeB&Co
Co.,
[Vol.
IfotTjeien ^3£cttattjg[C.
tVALL. STREET,
CK^HNER OF BROAD, NEW YORK.
Drexel
CHRONlCl.t'].
York,
FOREIGN BANKERS,
New York
LONDON.
ORRESPONDENTS :
NOTES AND CREDITS FOR TKATELEUS.
WA
I. I.
STREET.
Stock Exchange.
.
.
,.
.
„
Interest allowed on deposits subject to sight arait
LANSmOC.WASHBUKN.
C. B. CALDWILL. *
Chas. J. '''OWNSEKD. Member N. Y. Stock Exchange
CABLE TRANSFERS, BILLS OF EXCHANGE
AND
COMMEBCIAL AND TRAVELERS' CBBOITg.
3
Transa< t a general Banking Bosiness. Inolndtng the
Porohase and Sale of all Sectiritles dealt In at the
J.
A. Kohn
&
Co.,
BANKERS AND BROKERS,
10 Broad St.,N. Y., mills BulIdlnSr
Transact a General Banking: Bnsiness.
Bondii, Stocks and MiscellaBARING BROTHERS & CO., London Foreign Exchange,
neous Securities bought and sold on commission.
PERIER VRERES & CO., Paris.
Julius
A. Kobn, David Ocus. moritz Ocas,
6chulz
Ruckgaber, MENDELSSOHN A: CO., Berlin.
Memb. N.Y. Stock Ex
Memb. N.Y. Stock Exch.
BANKERS,
89 lyitl-IAItl STREET, NEW YORK. J. H. UOAUBY & B. E. WALKER,
Jameson, Smith&Cotting
JOINT AGENTS
CORUKSPONDEXTS OF THE
STOCK BROKERS
International Bank of London
Canadian Bank of Commerce,
(Limited) London.
COMMISSION MERCHANTS,
AND
16 EXCHANGE PLACE.
nessrs. jonn Berenber;;, Gossler & Co.
23 Broad St. and 57 ExcliaiiKO Place
Hamburg.
ClBCtjr.AB,
&
Messrs.Marcuard, lirauss* Co., Parts.
Commercial and Travelers' Credits.
Cable Transfers.
BlUa of Bxobanse.
BUT AND SELL STERLINO EXCHANGE, CABLE
TKANSFtntS, ETC.
ISSUE COMMERCIAL CREDITS, A VAILABLE
IN
ALL PARTS OF THE WORLD.
STOCKS, BONDS, GRAIN and PROVISION*
bouKht and sold In Now York and Chicago.
Cbicago Corres|H)ndcnt.s, VVM. T. BAKER * CO.
Direct and exclusive private wire.
:
AMilh
THE CHRONICLE.
35, 1883.J
Sanlijevs
Wood,
Jj^vaJievs,
&
Huestis
PINE
31
mxA
Co.,
NEW YORK,
ST.,
BANKKRS AND BBOKBR9,
BtTCriKDOHS TO
U'<>OI»
&,
at
llat«<l
th^New
FnwT^i^NH kailhuai) kiiuit mortoaoi Bonds
OEOROHO. WOOD. C II. HUK8TI9. I.. M. SWAN
fRKD. A. BBOWH.
WAL8TOH II. IIHOWN.
UiuuKUT P. Brown,
HiBAif DawDto. Clark niwiMs. K. T. Botrraooc;
(Member of New York Btook ExohansaJ
H. Dewing & Son,
ba:wher8 and brokers.
ba:\kers,
Co.,
UNITED BANK BUILDING,
STREET, NETT YORK.
No. 2 VTAIil.
City,
&
H. Latham
J.
County. State, Railroad, District of Columbia
BoQdfl and Foreign Kxchan^e.
Correspondence Solicited.
R.
&
Kimball
J.
Co.,
BANKEK3 AND BROKERS,
New
No. 18 TVall Street,
BtTenteen Years' Membership In the
Stock Exchange.
ROBIKT J. KlUBALL.
ALFRED
John H. Davis
bought and
II.
MAr.NAiuiC.
Prince & Whitely,
64 BROADWAY, NEW^ YORK.
No.
'^ Fifth Ats., New York.
BRAHrw nmrim
BRANCH
0"ICE8J5s„,5j^gt^_^„^,njjQ„
J,
Seourltlesjalso Grain and
Private Telegraph wires to Philadelphia, Wilmington, Baltimore, Washington, Bridgeport, New Uaren,
Boston and Pittsburg.
U.B.HoLLIN'S.
H.
FHANK C.UOLLINI
F.A.Y2NAOA.
Co.,
BANKERS AND BROKKRS,
74
Members N.Y. Stock Exchange.
FIRST-CLASS INVESTMENT
DEALERS IN
Esq..
&
NEW YORK.
nxargln.
AUOVSTINC HEARD,
NASSAU STREET.
Loans on Railway and other negotiable secorlttes.
Purchase and sale of same. Loans on Bond and
Bur and sell on commission all classes of Stock
and Bonds, for cash or on margin.
Agents for Banks, Bankers and Railroad Com-
Sib Hutbt DBinuioin> Wolfv,
O.C.M.O.,K.aB..IL P
Lawbbhcb Todho. Bart.
FBANCIS PATY.
Managing Director,
Esq.,
This Companr undertakes the business of Trustee
ter of
parmenta of Interest on Loans. Dlrldsnds oa
or Registration of. Stocks In London, or otherwise.
Cable Address-PATT, London.
&
Oilman, Son
Co.,
BANKERS,
No. 93
t<M.
Sell
THB
CEDAR STREET.
In addition to a General
and
Banking Business, bur
GoTemment Bonds and Inrestment
Seoori-
Railway Debenture Trust
COnPANY
-
Simon Borg
No. 8 WTAIiL,
&
Co.,
No. 4 B]AN.K
STREET, NEW^ YORK.
Railroad and Inrestment Secnrltiess Same
Bailey,
BVILDINGS,
Directort at Iht Railway Short Tntit
SODTHEBN BECnBITIBg A SPEOIALTT.
S.
(LIMITED),
LONDON, ENGLAND
DEALEB8 IN ALL KINDS OF
7
Company
(lAmiled).
OAPITAI. PAID UP, wltb Snrplne,
PINE STREET.
jei,91 6,556 SterUnc.
DEALINaS IN
INSURAIVCE STOCKS
A SPECIALTY.
C^ Co.
BANKERS,
18 WAI.I.
Cash paid at once for the abore securities ; or the;
wll Ibe sold on oommlssion at seller's option.
STREET,
New York,
Tranaaot a General Banking Baslnesa. includlna
the purchase and sale of STOCKS and BONDS for
cash or on marKln.
Inveatment Seenrltlea.
BOX 2,647.
Watland Trabk. h. J. MoBsa.
H. L. Grant,
P. O.
BOUGHT AND
SOLD.
See Quotations of Citr Railroads in this paper.
W. C. Hill.
Mct^ettatt
Bank of
gatilueics.
Australasia,
(INCORPORATED
BANKER8
Office,
cor.
Exchange Place, N. Y.
ViS
L,a Salle
ii^t.,
Chicago,
TRANSACT A GENERAL BANKING BUSINESS,
INCLUDING THE PURCUASB AND SALE O^
STOCKS AND BONDS FOR CASH OR ON MARGIN. BUY AND SELL INVESTMENT 8ECURITIB8. INTEREST ALLOWED ON DEPOSITS
SUBJECT TO CHECK AT SIGHT.
P. O. Box 447.
D A. BOODT.
C. W. McLBLLAN, JB.
REtmiOf LII.AMD.
BANKERS,
UNITED BANK BVIIiDING,
IVall Street, Corner Broadivay.
STOCKS,
Brothers
&
Co.,
I.ONDOK, ENCIAIVD,
(Xirporatlons, Anns and indiriduais, npot^aror
able terms; also orders for the purchase and
sale of Bonds, Shares, Ac, Ac, on (^nualssloo
on the Stock Exchange.
Negotiate Railwar, State and Cttr Loans and
lasae Commercial Credits arallaUe In all parts of
the world.
De Twentsche
^0i;jeij9[U
Branch
Blake
Sollelt aoconnts and agendea of Banks, Rallwan
No. 146 BBOADW^AY,
NEW YORK.
CITY RAILROAD STOCKS & BONDS
Sell
88 Broadwar,
and
on the London JIarket,acts as Agent for
PINE STREET, NEIV YORK.
38
E.
A. H. Kn>DiB.
Cbalrmaa.
1.
SECURITIES
Mortgage. Qeneral financial business.
But and
P.,
C. 8.
Rallwars and other Ck>rporatlons, etther In the sui-
Transacts a general Banking business, inclading the
purchase and sale of stocks and bonds for cash or on
No.
M.
OntBBAL Hkxbt HonuxaO!!,
MALOOUf A. LAIMO, Bi^
JOBM Pknsbb, Esq., M. p.
SiB (Thables
BROADWAY.
Stewart Brown's Sons,
Co.,
stock brokers,
In
80
&
B. Hollins
B. LOITNSBCBT.
C. J.
Membership
the N.Y. Stock Exchange.)
BANKER AND BROKER,
ST.,
a LAINO,
all
Issues Loans
NEW ¥ORK.
Turner,
&
p
classes of Railroad
Prorlslons.
No. 17 1VAI.I. ST.,
16
DIRKOTOna:
j
Bar and sell on commission
New York
Wires to CHICAGO, BALTIMOKB,
PUII-AUELi'HIAand Intermediate Points.
BROAD
Capital Paid Up, X971,S60 SterUoK.
to Loans of spprored Ballwars, negotiates
Privat.-
18
LONDON, ENGLAND.
CHl'OIR OAELBT,
livita.
Henry H. Dohoi, Washington, O. C.
Wm. R. Tkatekd, Special Partner.
a strictly Commission Bnslnes* In
(15 rears'
(LIMITBD),
BANK BUILDINOS
No. 4
sold.
JAMX8 WniTKLT,
panies.
STOCKS, BONDS and GRAIN,
With
Railway Share Trust Co.
Tork.
BANKERS AND BROKERS.
Do
New York.
Stocks and Bonds Bought and Sold on Commission
Aooounts reoelTad and Interest allowed on bak
lanoea, which mar bs oheoked tor at sight.
Iowa Loan A Trust Co. S per cent Debentorw
Walston H. Brown & Bros
NO. 30 NASSAU STREET,
NEW YOEK.
John Howard Latqam. Fbedbkick W. Pirbt
fSavfA^ WKattxt,
VLVL& St^iylievB.
No. 18 Wall street.
DAVIS.
Bxaonte orders In till securities
York Stock KiclmnRO. Kor Sale,
Saulijevs
m
BONDS d OOltMEROIAL PAPER.
Stocks and Bonds bought and sold on commission
tt New York Stock Exchange. Adrancea made on
ujtneas paper and other securltlea
I8SS.)
4 Threadneedle St., London, England
PAID-UP CAPITAL, £l.e(X>,^00.
Qnarantee and Reserre Funds, £738,000.
Letters of Credit and Drafts issued on the 110
branches of the Bank in the Colonies of (Jueensland,
New South Wales, Victoria. South Australia, Tasmania and New Zealand. Bills n«totlated or sent for
CioUectlon. Telegraphic Transfers made. Deposits
receired In London at Interest for fixed periods on
terms which mar be ascertained at the office.
PBIDBAUX BELBT. Bemetarr.
L. de Steiger
&
Co.,
BANKERS,
FBANKFORT-ON-MAIN, GERMANY.
TVRIVER
A. P.
GO
&.
CO.,
THKEADNEEDLE STREET,
I.OXDON.
York Stock Exchange.
u.u^na
MIMBBB8 5 New
pmiadeiphia Stock Exchange.
J
Bankvereeniging,
B. W. BLIJDENSTEIN b CO.,
HOLLAND.
AMSTERDAni,
B8IABLUBXD
ISSl.
Subscribed Capital, 8,(X)0.000 -Guilders (t8,MO,oaa.-)
"
(18448,440,-)
Pald-Up Capital, 7,871,100*
dSSe^tfiJS)
849,88317
BeserreFond,
Head
Offlee,
Amaterdsun.
BRA.SCBX3
Lenden-KXCHANOE A INVESTMENT BANK
B. W. BLUDBKSTBnf h OO.
Nos. M A 80 Thresdne«Ua Street. M.0,
Rotterdam-DE WISSKL-sn BrrBCTflMBANK.
Easohod»-B. W. BUJDKNSTBUf, n.
Almeloe-LEDEBOHB A CO.
Transact a general BanMng and Comml sslen
ness in Bills, Stocks, Shansi Ooapoia, Aa.
BaaU
HBw ToBK C(»BaBFon»Dm:
Messn. KNAUTH. NACHOD
* KUHNB
:
;
THE CHRONICLR
IV
gangers.
AGENCY OF THE
"gov&iQn %nnkexs.
TH B
Anglo- Californian Bank
Angel
Ck>art.
SAN FKANCISCO Office, 422 California St.
KKW ITORK Agents, J. & W. Beligman & Co.
BOSTON Correspond'ts, Ma«Bacliusett8 N. Bk
4iitIioi-lzed Capital, -
$6,000,000
1,500,000
400,000
-
Transact a general banking bneiness. Issue Com.
merclal credits and Bills of Szchange, available In all
Sarts of the world. Collections and orders for Bonds,
tookB, etc., executed upon the most favorable terms.
FRKD'K F. LOW,
iMana<rar«
P.N. lilLIKNTHAL,
CIRCUL.AB NOTES
CIAL CREDITS ISSUED
ENOLAKB.
H. STIKKMAN,
H.
8.
HOWLAND, Pres't.
HEAD
«4,000,000
Authorized Casital,
4,000,000
Bnbacrlbed Capital
1,000,000
Fald-Vp Capital
Reserve Fund, £300,000.
HEAD OFFICE, THREADNEEDI,E
BRANCHES
Street,
I
The Bank,while condnotlng the
general buslnesa
to the
KENNEDY,
KeserveFund
I
B08ANQDET, SALT A CO., BANE OP MONTRKAI,,
59 Wall Street.
73 Lombard Street.
Promptest attention paid to collections payable in
*ny part of Canada.
Approved Caniidian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft on New York.
^ttfllatitl
Brewster,
gattUefs.
Drafts, issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore, Saigon,
and London.
Agent, 4r William St.
Estabrook,
No. 8S
and information
N. Y. Correspondents— McKim Brothers
•
toi-
& Co.
^axxXh&xn ^Kuk&xs.
&
Co.,
BANKERS.
mOBILE, AliABAintA.
Special attention paid to collections, with promot
remittances at curreat rates of exchange on day of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondents.— Bunk of the State of New York,
New York Louisiana National Bank, New Orleaas
Bank of Liverpool (Limited), Liverpool.
MEUBEBS OF THE NEW YORK AND
Dealers In municipal. State, Railroad
TORONTO, CANADA.
and United States Bonds.
Perkins,
and
all
CAPITAL, $500,000,
Houston,
We
Texas.
give special attention to
&
Dupee
flnau-
New York
SwiiT A
(Formerly CHAS. A.
Co.,
Co.)
on
collections
all
No. 40
WKEMS.
B.
BUBBUSS,
BENJ. A. BOTTS.Pres't
A. K.
Pres't.
WALKBa, Cashier
National Bank,
made on
all
C.
parts of the United States
MERCHANTS' NATIONAL BANK,
RICHMOND, VIRGINIA,
made on all Southern points on best
prompt returns.
Collections
terms
:
JOHN-
F Glenx.
JOHN
P.
BRANCH,
President.
Fred. R. Scott, Vice-Pres't
Cash.
thojUAS bra]«ch at co.,
BANKERS AND COMMISSION MERCHANTS,
RICHinOND. VIRGINIA.
BANKERS AND BROKERS,
©atxacliaw ^atili«rs.
C. C. Baldwin, W.
Mcllhenny, B. F. Weenis.
Cashier.
B. F.
CoUectlons
ALSO.
Buchan,
THE CITY BANK OF HOUSTON,
UriliKIINGTON, N.
BOSTON.
STOCK ANB EXCHANGE BROKERS
AND GENERAEi AGENTS,
Correspondents— Bank of New York,
aad Alliance Bank, London.
Correspondence solicited
nisned.
First
CONGRESS STREET,
B08T0N STOCK EXCHANGES.,
te collections
BAIiTIinORE.
and SOUTHERN SECURITIES
peoialty.
Botts. Pres't: F. A.Rloe,
B. Botts, Rob't Brewster, 8. K.
BANKERS,
Manila, Hong Kong, Foochow, Amoy. Nlngpo,
Shanghai, Hankow, Yokohama, Hiogo, San Francisco
Prompt attention given
of Baltimore Stock Exchange,
DIRECTORS.— Benjamin A.
Cobb
&
400,000
7,500,000
....
tial matters.
Members
INVESTMENT
accessible points.
The Corporation grant
&
Co.,
BANKERS AND BROKERS.
Thos. P. Miller
Port Coibome, St. Thomas, Ingersoll
Welland, Fergus, Woodstock, Winnipeg, Man,,
Brandon, Man.
Dealers in American Currency & Sterling Exchange,
Agents in New York:
Agents in London
4,4(/0,000
Gzowski
&
Wilson, Colston
St. Catliarlnes,
$7,500,000
Reserve for Equalization of Dividends
Keserve Liability of Proprietors
SOUTH ..TREET,
BAL.TIIHORE,
Cashier
Shanghai
BANKING ASSOCIATION.
TOWN8END,
WILKIB,
D. R.
Manager.
Paid-up Capital
A. M.
-
T
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
;i,SOO,000
$678,000
-
BRANCHES:
p^ew
Hong Kong &
•
No.
;
London Bankers, gives special attention
Akency of Foreign and Colonial Banks.
A. G.
-
I
London.
of
\
OFFICE, TORONTO.
:
Paddington,
Aldgate,
Old Street,
Knigntsbridge,
Holbom,
ST.
Tottenham Court Bead
I
Hill,
COMMER-
NEW LONDON & BRAZILIAN
BANK
CAPITAL (paid np),
SURPLUS,
(LIMITED,)
Ladgate
Chicago.
issued in Pounds Sterling
available in all parts of the world.
for use in Europe,
East
and West Indies. Also,
China, Japan and the
in name of
Limited, available in the Brazils, River
Plate, &c.
Bills collected and other banlLing business transD. A. MCTAVISH,
acted.
Agents.
Imperial Bank of Canada.
The City Bank,
Bond
Exchange and Cable Trans*
fers. Issue demand drafts on Scotland and Ireland:
also on Canada, British Columbia, San Francisco and
sell Bterling
Cashier.
LiOIVDON,
STREET.
No. S2 TTAliL
Ba7 and
Sons,
BANKEES,
North America,
British
&
Robert Garrett
Bank
(LIMITBD).
-
galtimurc gawUct^s.
©atiajffiatt
OP
IiONDON, Head Office, 3
Pal4-np Capital,
Reserve Fund,
[Vol. JOj.
STATE STREET,
Virginia Bonds funded under the Funding Act
passed by the last Legislature, for H Per cent comNew North Carolina 6 per cent bonds,
mission.
secured by lien on the State's stock In the North
Carolina Railroad, tor sale.
BOSTON, MASS.
Bank of Montreal.
CAPITAL,
SURPLUS,
O. F.
-
8MITHEK8,
W.
J.
913,000,000, Gold.
$6,000,000, Gold.
.
»
Sterling aichange. Francs and Cable
Transfers; grant Commercial and Travelers' Credits,
available in any part of the world; issue drafts on
nd make oolleotlons In, Chicago and throughout the
Buy and sen
Dominion of Canada.
No. 22 Abcbnreb Lane
Merchants Bank
63
ITEYBOSSET STREET,
PROYIDENCE, R. I.
$5,700,000 Paid Up.
81,250,000
Beserre,
Prertdent, ANDREW ALLAN, Esq.
Vice-President, ROBERT ANDERSON, H«Q
•
•
HEAD OFFICE, ITIONTREAL.
GBOROB HAGUE, General Manager.
J. H. PLUMMBR. Assistant General Manager.
BANKERS:
IX)NDON, ENG.— The Clydesdale Bank (Limited.)
MBW YORK—The Bank of New York, N.B.A.
Sterling ExOhange, Cable Transfers, issnes Credits uvrtilablein
all parts of the world, makes collections in Canada
ana elsewhere, and Issues Drafts payable at any of
the offices of the.bankin Canada. Every description
)
-
capital,
Surplus,
TORK,
^TALL STREET.
- -~^- - - $2,000,000
....---
3,541,008
Into court,
™'=1nTBRKSt''aLL0WED ON DEPOSITS,^
New York and
Boston-
Samuel G. Studley,
COMMISSION STOCK BROKER,
No. 4 Exchange Plaee, Boom No.
4,
BOSTON, MASS.
This company
^jettttsigtayattia
Narr
&
jlau^gys.
Gerlach,
BANKERS AND BROKERS,
CHESTNUT STREKT,
PHII.ADEI.PHIA.
No. 322
Orders executed by private wire in New Tork, Bos
ton and Baltimore.
^^ „ .. ..
^
Drafts issued on all principal points In the United
8 ^-ates and Europe.
.
JOS.
M. SHOBMAKKR.
Jos.
^
,
ROBERT M. JANNKT.
M. shoemaker & Co.
BANKERS AND STOCK BROKERS.
No.
184
SOUTH THIRD STREET,
PHILADELPHIA.
and
is
is
a legal depository for moneys paid
authorized to act as guardian or
which may be made at any time, and withdrawn after
ave days' notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates,
and females unaccustomed to the transaction of business, as well as religious and benevolent Institutions,
will And this company a convenient depository for
money.
MEMBER OP BOSTON STOCK EXCHANGE.
of foreign banking buslnesa undertaken.
York Agency, No. 61 Wall Street.
HENRY HAGUE.
.„„„..
J0HNB.HABRI8. JR., J Agents.
NEW
OF
No. 49
Exchange.
Private Telegraph Wire to
The New York Agency buys and sells
New
United States Trust Co.
Dealers in Commercial Paper, Government and
other Orst^lasB Bonds and Securities and Foreign
OF CANADA.
Capital,
& Co.,
%xixst (£>axttpvoxit&.
BANKERS AND BROKERS
General Manager.
ALKX'B LANO,
Ofilee,
Wilbour, Jackson
President.
BUCHANAN,
ITMW YORK OFFICE,
iNoa. S9 & 61 ITALL STREET.
WALTIB WATSON, ( Agents.
.^ontq
LoBdoB
Dealers in Municipal, State and Railroad Bonds.
CHARLES H. SHELDON, JB.
JOSHTTA WiLBOtTR,
BENJAMIN A. JACKSON, WILLIAM BINNET, JK.
A. STEWART, President.
WILLIAM H. MACT, Vice-President.
JAMBS 8. CLARK, Second Vice-Preat
JOHlf
TRUSTEES:
Dan. H. Arnold,.^ James Low,
"^
Slocomb w. W. Phelps
r—
Thomas ".
D. Willis James,
Charles E. Bill,
Wilson G. Hunt, JohnJ. Astor,
Stewart,
John A.
H. Maoy,
Wm
Clinton Gilbert,
Daniel D. Lord,
George T. Adee,
Samuel Sloan,
S. B.
Chittenden,
John H.Rhoadei
Anson
P. Stokes,
Robt. B. Mintum
Geo. H. Warren,
S.M.Buckingham George Bliss,
H. K. Lawrence, Wililam Llbbey,
Isaac N. Phelps, John C. Brown,
Edward Cooper.
Erastus Corning. L
W. Bayaid Cutting.
I
Secretary.
HENRY L. TUORNELL,
Assistant Secretary
LOUIS
G.
HAMPTON.
Metropolitan Trusf Co.,
MUls Building, 35 Wall
St.,
New York.
$1,000,000.
PAID UP CAPITAIi,
legal Depository by order of Sn-
Designated as a
oreme Court. Receive deposits of money on Interest,
act as fiscal or transfer agent, or trustee for corporations and accept and execute any legal trusts Horn
persons or corporati jni on as favorable tenni as
other similar companies.
^„_ „ ,_,
g jllLy.HOUSB, President.
,
FBKDEKIC
WALTKB
J.
D.
TAPPKN. Vioe-Pre«ld«n«
BBITTIN.
Secretary.
:
April
'gvnst CfPompautes.
The Union Trust
Stmcstincuts.
ilpejciftl
WM. C
Co.,
PHILADELPHIA.
AnthnrUed
CiipUul
|1,000,OM
Pkld-up Citpltal
000,000
Acts
Kxf^ciitor. Admlnlstnitor, ABSlffne«, eto.
uid executes trusts of every desorfplluo known to
the law.
All trust wseta kept lepiirate from tho8« of tilt
u
Comptmy.
Biirk-Inr-Proof Safes to rent At IB to IflOpcrannmn.
Willtt kept In VhuUs
Botul!!, ^t'>oks, and
^
CITY RAILWAY STOCKS
OAS STOCIiS,
TRUST
without onanc6.
other valuablM taken under
FaliiUnus, 8tataai7. Brumes, etc., kept In Fire-
Bank
Money received on deposit at Interest.
JA8. LONO, Pres't. JOHN (i. RKADINO. V.-Pres't
MAULON S. STOKKS. Treasurer* Secretary.
D. U. PATTEltSON. Trust OBloer.
Interest, gluidettds, Sec,
gT. LOV IS A L TO N^~T Bit KB
IIAUTB HAILKOAD COMPAXT. Omrt o*
THi PwgaifKHT, MiTirAL ura la*va4iroa
nmuti»o, KAsnAf AjiD cai>AB araraM,
nmw voas.
STOCKS,
Stocks, Insurance Stocks.
payable on and after May 1. iai6. to
|>r«farre4 Moek.
holders of record April ». 18(8.
The tfaaaferbooka
of both the common and preferred
slock will b«
cloeed April K, UM, and ra-open June I,
at 10 A.
Jaoob Naylor, Thos.
(i.
Ili«>d.
Kilwunl
Perkins.
I..
•*•
Hpeihil nlienll..n given to
C.r.,llQ^i-;^„„
01ieCtlOnS.l'"«clions and Remittan-
ces on day paid.
Investments.^?„*?SS SrssSn"
Bank and
;
;
4c
mnnespoUa,
Box 320.
P. O.
•°-
Btocka Bought and BoM.
CO., Private Bankers,
otiier
BLAKE
;
;
President.
•pHK CANADIAN PACIPIO BAII^
X
WAY roWPANT,
Minneapolis, Minn.
PBILADELPHia; Sauiuol Kiddie. (ilK.v KinpLK. Pa.:
Dr. Oeorse w. Kelly. IIaukihdi'ko. Pn.; J. Simpson
Africa, Ul'NTl.NOiioN Henry S. Kckert. KIAUINO;
Edmund S. Doty. Miffuntow.v W. W. H. Darls,
0OTU8TOWN R. B. Monashan, WX8T Cbbstkb
Obat. W. Cooper, Allentowm.
M
W. BAYAKDCUTTl.VO,
DlRlCTOKH.— James
Loiiu, Alfred S. (JlUett., Joseph
Wrlitht. Dr. ChBrles P. Turner. VVIlllaai S. Price,
John 1. Monroe, \V. J. Nead, Thomas K. Patton, John
O. Heading, Jas. S. Martin. I>. lluyes Avnew, M. D.
Joe. 1. Kecfe. Hobert Patterson. Theodor C. Rnfrel,
•
April 14. 1«86.
To the Prelbmd BUtekkoMMi of lb* St.
Loale Aiton A Terra Haute Rallniad Conpany
AeaahdlTldandof rouu AND O.NR-IIALK
PBR
CBNT ha* been deelarad upon the Preferrad Dtoet
STOCKS,
CO.'S
TELEGRAPH
cuarunteo.
Proof Vaults.
IVOYES,
NAeflAU BTBEjn,
dealer m
5o. 21
CIIRSTNUT 8TRKBT,
«13
1
^
THE CHRONICLE
25, 1880.
Ml AND
:
IQinn.
•
f,'/
v,.V,
Xllj'
The FOlMli
I
>i
Agent*.
" ^"''loijOBRA
.<>>! Ai. MKKTLMj.if theshatfc
"''' "irapany for the elect Ion of dira«l«ra
*'"\?'.'i' ".'
".' •'""Iness generally, wlilbj
S^!!.""'
,l''"?"""i"'"
held on \S
ednesday, the l«th day ,.f May next, at
office of the company. In Montreal, at IS
o>alMk
the
The transfer books close In
and Hew
Yerk .May .; and In London A,irll.Montreal
l>,.
bTSop<'ned on Thursday. Mar U. l-iw,. R, ,„a„ of
''"•
the
B'M,\.
C. DRINK WATER,.Secretary.
8,
MO.VTBBAI,, April i'o, 188is.
aVdw"
TUB
ST. PAUL niNNBAPOLM *
rhe Brooklyn Trust Co. Kansas Loan & Trust Co. THE
A
MANITOBA RAILWAY COMPANY,
Montague
A Clinton
Cor. of
it*.,
Brooklyn, N. T.
This Company Is authorised (>j special charter to
aot as receiver, trustee. Knardlan. execntor or administrator.
It can act as aftent In the sale or management of
real estate, collect Interest or dividends, receive
and transfer books, or make purchase and
a^try
e of Oovemment and other securities.
Religions and charitable Institutions, and persons
onaootistomed to the trunsaetlon of business, will
find this Company a safe and convenient depository
for money.
R1PI.KV Hol>ES. President.
\V. COK1.1B9, Vlce-Pres't.
TOPEKA, KAN.
T, B.
8WBBT.
the oldest and largest Institution In Kansas,
exclusive Httemlon to the Negottating or
.MOKTIi AOiS LOANS at high rates
of Interest. It has negotiated over S7, 000, 000
of these loans for Savings Banks, insurance Companies, Estates and private parties Bast. Send for
ts
jflving
CHOICE FIRST
circular.
THUSTKES:
Henry K Sheldon
D.Wood.
Henry Sanger,
.
C.
Wm. H. Male,
Mich IChauncey.E W. Corllea,
Klpley Ropes.
Wm. B.Kendall, H. K. Plerrepont,
Jas. Ross Ci-hrax. Secretary.
Snms
of
nONTAGCE
308
BROOKLYN.
GAS STOCKS
GAS SECURITIES,
^^
Railroad Stocks and
Street
Bonds
Offers to Investors the
FIRST .MO KTGAUe
FARMS,
No
N. Y. Stock Exchange.
F. M. PERKINS, I'resident; J. T.
WARNIS, Vice-Prest.; I,. H. PERKINS, Secretary:
CUAS. W. GlLLKTT. Treas.; N. F. HART. Auditor.
vnnTU
ZVUKl U
Jk
XTVCTUUV
nCSlCKril
of
Incorporated.
Capital. »150,0«o.
carefully selected Iowa and Eastern Kansas
Farm Mortgages. Interest 8 to 8 per cent. Security
tliree (3) times amount of Loan. Also for sale 6 per
cent Debenture Bonds, secured bv three i3) times
their face value In Guaranteed Iowa Mortgages. All
security personally Inspected.
For particulars or
references address the .NEW E.VOLA.ND .MORTQAOB A INVKS TMK.NT CO.. PES M0I.VE8, Iowa.
M. Mills. President.
H.
j.
Raxsoji. Cashier.
Merchants' Nat'l Bank,
DES MOINES, lOW^A.
Prompt and
pondence.
Capital.
1100,000.
careful attention given to all corresCollections made upon favorable terms.
Safe Investments.
7 PER CENT BONDS and MORTGAGES
-VEGOTIATED BY THE
First National Bank, Corning, Iowa.
Choice
mortifages In the best Fanning Districts
Kansas and Nebraska. Interest
paid at your own home In N. V. iCxchange. Twelve
years' experience In loaning for I»rivate Investors
and Trust t unds. Send for circular giving full partlenlars as to loans, references, etc. Interest from
date of receipt of money.
CaA8. C. Norton, Cash'r. Liw B. DARROW, Pres't.
flrst
In Iowa. Missouri,
Refer to
GiLMAK, Sow
ft
XEHER
.Banking House of
CARPENTER,
Truv,
.S.
V.
Established
lf2-t.
Kenrganized
Eastern iteiiresentatives
1H68.
thu
XOUTIIUESIEKN
fiUARA.NTV
niTARAXTPF
\XUJ\.B.ArM.E4lu
I,OAS
of Mluneap'-lis. Minn.
tied capital. ja.OOO.QoO.
;
CO.
..^nth4>r-
Paid up
Real Estate
capital. tSiOO.WO.
Rt his ofHoe
on and after 1st of
holders of record on that date.
A XJSf
i^SS'
Mortgages worth from two to
four times the amount of mortgage, netting inve.stor8 6 to 8 per
'' •"aranfeed by Co. interest
ILiyableat our Banking House.
^^
next, to atoe?
^
8.
KENNEDY,
Vice-President.
MINING COMPANY
15
Broad Street.
Now
York.
April 21, 1885.
DIVIDEND
No. 106.
The Regular Monthly Dividend of FIFTY CENTS
per share has been declared for March, payable at
the office of the Company, San Francisco, or at the
Transfer Agency in .New York, on the 3oth Inst.
Transfer books close on the 2Sih.
LOUN8BERY A CO.. Transfer Agents.
DIVIDEND
20. 18««.
No.
73.
QUARTERLY DIVIDENDof TWO «)
PER CENT .>n the capital stock of this oompaoy.
Theusual
from net earnings, has been dechu«d, payable Mar
la, to stockholders of record at close of business May 1. 1885. Transfer books close May 1 and
re-open May 16. 1885.
A. s. WEINSHEIMER, Secretary.
PAUL dc NORTHERN PACIFIC
ST.
RAILWAY COMPANY.
NBw York, April 20, 1886.
QUARTERLY INTEREST, due May 1. proi.. upon
registered bond certiflcates of this company will be
transmitted at maturity to holders of record April
25th Inst., from which date until Mav 1 the transfer
books will bo clo!ied.
GEO. S. JO.NES, Treasurer.
PACIFIC RAILROAD
N*ORTHERN COMPA.NY,
TRGAStTREB's Orrwa. No. 17 Broad St., >
New York. April 22, I88S. (
Coupons of the Missouri Division Bonds of tnis
prox.. will be paid upon preComi>any. due .May
sentation at tills othoe on and after that date.
.
ROBERT I.KNOX BELKNAP.
Treasurer.
i NORTH-
111..W
PACim RAILWAY
May
* o'clock P. M.,
'^^i.ir'l! *« '""^
re-opened at 10 o'cloct A.
Mm ^ayT'ltSa
JOHN'
RAILROAD CO.^PANV
WESTER.V
OF .Ml.VNESOTA
ST. PALL
BR.V
I
KiSB.f
CO.MI".\NY.l
Notice is hereov niven that the undersigned, the
trustees under the mortgage dated .May 1, 1881,
said com|>any to us, to secure an issue of
140 bonds of 11,000 each, all of that date, have desig.
nated, and we hereby call in, fi»r redeiui>ilon, as provided in the mortgage, all the outstanding b«>nds of
said Issue, namely, bonds ntmibered as follows;
15
36
7S
120
16
37
100
121
17
44
80
101
122
18
4S
81
lOS
133
19
as
46
103
124
20
47
83
104
125
21
48
84
lOB
126
22
SS
49
106
127
23
SO
86
107
IM
24
51
87
108
129
25
52
lOe
88
130
26
53
69
110
181
27
54
90
111
182
28
96
81
133
83
28
57
118
134
30
58
U4
93
135
31
59
115
136
99
32
60
116
86
33
73
117
97
31
76
118
98
33
77
119
Being one hundred and one (101) bonds of f 1,000
gtimttjcial.
made by
New England
Mortgage & Investm't Co
Offers
on day of ma-
h'ir
iy placed.
Large
los;^es. >t'n(1 I'.r circular, references
and sample forms.
COMPANY
^
Member
d
,
York,
BROOKLYN SECURITIES
IN.
IMPROVED
>N
I'
2-1.
OF PCLLnAN'S PALACE
Co., OFFICE
CAR COMPANY. CHUAdd. April
inthemarket.
k;(,o,,ritto!,
i>'"-'
interest an<l
New
LOAN
"
8BB QAS gDOTATIONS IN THIS PAPER.
e»0. H. PBBNTtSS,
W. W. WAI.8B
F.
LAWrRENCE, KANSAS,
AND ALL KINDS Of
DEALT
Indianapolis, Ind
Farm Mortgage
experience.
ST.,
St..
THE wester:v
turity in
AlTD
mOORE,
JOS. A.
jtt tiestmjettts.
Geo. H. Prentiss & Co.,
No. 40 WALL ST., NEW YORK,
Nltw York. March
„
.
QPFICE OP THE ONTARIO SILVER
$100 and Upwards on Indiana and Oiiio Lands.
SOTHINO SAFER. Al.WAT.^ PROMPTLY PAID
8BND FOK PAMPHLET.
In
S4 Eaat inarket
special
_,.
l)lVIi>KNI> of O.VB
.«^.®f?5i»U9i'A?^'''="'-^
'-'«'<''' O""" capital
stock
!^t'^}L^^^*-^l
or this mmpany has^F3
this day been declared, parabia
'
Farm Mortgages
EDMUND
Jostah O. I.,ow. K. F. Knowlton,
Alex. M. White, John T. Martin.
A. A. Low.
Fred. Cromwell,
Alex. McCne,
John P. Kolfe,
No. na WlI.I.IAM STHKtT.
OKO. M. NOBLE, See
Pres.
Co., Bankers, N. T. City,
Mxrcrants' national Bank. Chicago, niinol*
W
W
Consolidated Gas Co.
OF baltlhore city,
TREAStTRER'S OrKICE.
of the Six Per Cent Gold Coupon
Bonds of the Gaslight Company of Balttmoie:
According to the Upulation embraoed In tald
To the Holders
Bonds, the holders thereof are hereby notified tbat
the Consolidated Gas C'lrapany of Baltimore QtJ
will redeem the same on presenutlon at their opoe
In the City of Baltimore on and after the tint
day of May, 18S9. and that the intereel tbereanwtU
cease from and after that date. By order.
CHAS. F. PEBKtiOY, Treasnrer.
US
M
The said bonds must be presented and delivered to
Messrs. W'inslow. Lanier & Co., bankers, StQ Nassau
Street, New York City, lor account of the ondersigned trustees, on or before the
flrst day of May,
IH'^. The interest on any trand not delivered by
that day shall thenceforth wholly cease.
OCTOBKH 22,
CHAKLKMAONE TOWER, jlmstees.
-,„„„.
)
S.
NOTICE.—THE
BANK
Trbascrer's orricK,
CO.
I
44 EQtnTABLE Bt'UniNu. BOSTO.V. April 1, 1889.
The undersigned, on behalf of this Company
hereby offers to purchase, on or before Jiu* 1, 1*88'
any or all of the outstanding Issue of its Land Orant
Bonds on the following terms
Bimds of the series due and payable April 1,1887 •
iniK per cent and coupon Interest.
Bonds of the serle* due and psyable OctoMr I
107^ per cent and coupon Intereat.
Bondsof the series due ami payable April 1, U8B
'.
108Mpercent a'
1888,
1>IH4.
WILLIA.M
THE UNION PACIFIC B.AILWAY
LA.VE.
I'NION
NATIONAL
of Albany, located at All'""'- o, ,|,o
State of New V4rrk, !•< flo,.|ng up its r'
rporate e.Tlstence having expired at
-f
->,^.
business on the seventh itth) dav c.i v,
Ail note-holders and others, creditors or said association, are therefore herebv notllled to present the
notes and other claims againtt the association for
Dated .March Ttn,188B,
payment.
JAS.
C.
COOKJCashler.
tenders, to stateHolders are v.
>'
.amed series their
tH)nds belong, anil sii-ni'i S'l-lres, their ofllsrs to tn*
undersigned, at his ofllce. No. 44 Equitable BalMIng, Boston.
spcclflcally
.
w
HENRY .McKABLAND.
MORT<!A<J»«.-only
Treasurer,
the most daalr^le loaa*
Absolute safety and iatlafactlon.
Missouri Loan Trust Co_ Wyandotte,
The Kama*—
Ka——
5
THE CHRONICLE
VI
[Vol. XL'
l^iumicinX.
^Ittawcial.
THE CONNECTICUT MUTUAL
COMPANY
LIFE INSURANCE
Does not seek
to
draw new members hj any speculative inducement.
It seeks to insure
men
only those
ents that need protection, wish to
simple and reliable form, upon
who, having families or other depend-
give that protection in
its
the most secure basis and at
its
SEALED PROPOSALS.
CiTV Comptroller's Office, Citv Hall. )
City of St. P.vcl, Minn., April 8, 1885.
Sealed proposals will be reoeiTed at the offloe
of the City Comptroller, until 3 o'clock, P. M.
Thursday, the 30th Day of April, 1885,
FOR
$600,000
most absolute,
Five
lowest cost.
(5)
Per Cent Bonds
upon a more conservative basis than
OF THE
that of any other company, but with no higher average premium:
ST.
A policy so framed that in case one becomes unable to pay further
(Coupons attached).
Issued for the following purposes, viz.:
premiums, it becomes at once fully paid up for an amount stated on the policy;
maturing in thirty (30) years from
so that pecuniary embarrassment or misfortune does not cause one's family to 9400,000,
April first, 1885, for the purpose of extendbut on the
lose any possible benefit from the payments actually made
ing the St. Paul Water Works.
To such men
it
offers a policy issued
CITY OF
PAUL.
;
therefrom
contrary, in such case the fullest benefit
secured to the family
is
needing the protection, and is not forfeited, in whole or in part, to any favored
there is no speculation in the forfeiture either of reserves or of
class
surplus but each one's family receives all the insurance the entire money he
;
;
has paid in will purchase
A
policy so
framed
:
that,
case insurance becomes wholly needless,
in
it
can be surrendered at stated periods for amounts stated on the policy, which
Amounts are the entire reserve, less only a proper surrender charge, to which
would be added any accumulation of surplus.
The company
without a dollar of stock;
strictly mutual,
is
of insurance to the
surplus annually, thus reducing the cost
year to
its
United States;
its affairs
are
managed with
the
caution,
northern half of the
prudence and economy.
payable thirty days after receipt of satisfactory proofs of
is
consistent with the rightful pro-
and attempts
tection of honest insurers against dishonest claims
1885, gross
1,
was surplus by a higher standard
pany or by any department.
It offers
no
" estimates " of
bid will be entertained at less than par
Interest, as provided by law.
Bids will be entertained for all the bonds as a
whole, or for any portion thereof. The committee reserving the right to reject any or all bids.
Send to the City Comptroller for a full official
tabulated statement, in detail, of the bonded
debt of the City of St. Paul.
W. D. CORNISH, Chairman.
W.
at fraud.
of the full value of
aissets
of solvency than
is
in use
4.
JOHN
Mark
VAN SLYKE,
DOiVl.,AN,
Ways and Means of the
City of St. Paul.
bids " Sealed Proposals for City Bonds,"
Committee
^S3,430,03S 01,
^4, 1 a 1 ,^34- ST'
of which
tax levy.
No
death: and are as liberal in every respect as
had January
thirty (30) years from
April first, 1885, for sewerage purposes.
All bearing interest at the rate of five (5) per
cent per annum, payable semi-annually at the
financial agency of the City of St. Paul In the
City of New York, and Issued respectively
under Acts of the Legislature of the State of
Minnesota, approved Februarv2l8t and 24th,
1885, and resolutions of the Common Council
of the city of St. Paul, approved March 4th and
19th, 1885.
These bonds will be issued in denominations
of One Thousand Dollars each, and delivered
to the successful purchaser in the City of 9t.
Paul.
The surplus revenues of the Water Works are
sufficient to pay the princip.ll and interest
promi)tly at maturity, exclusive of the general
and accrued
carefully selected, wholly within
Its policies are
itself as
divides
in each
actual cost to the company.
Its risks are
It
it
members
9200,000, maturing in
of
JOHN
and address
City Comptroller,
W. EOCHE,
St.
Paul, Minnesota.
Comptroller's Office,
CINCINNATL March SO, 1885.
by any other com-
)
S
BE
1885, at 12
S GAINED PROPOSAI.S WILI.
profits
but asks an inspection of the policy
;
a model of protection to the family and of equity to the premium
recelveil at this office ujilil Ajirll 80,
o'clock M.. for the purchase of
$236,000 Bonds of the
payer.
City of Cincinnati,
&
]M:iLLEDa
General Ageiit§ for
No. 1
COR.
MOBTGAGE 6 PER CENT
FORTY-YEAR GOLD BONDS.
ISSUE, »1,700,000. LIMITED TO $11,000 PER MILE
ARK OFFERED FOR SALE AT PAR AND INTEREST, AND FULL INFORMATION WILL BB
GIVEN BY
FIRST
Co., Jiew
York.
E. Rollins Morse & Bro., Boston.
Investment Securities
BOUGHT AND
SOLD.
:
Rome Watertown & Ogdeusburg Ists and Sds.
OsweffO A Rome Bonds.
Joliet & Northern Indiana Bonds.
Grand Ilapids & Indiana Bonds and Stock.
Detlt)it Mackinac & Marquette Bonds.
AliBERT E. IIACHFIEI.D,
No. 6 TTaU Street.
Fifth
Avenue
HOTEL,
Madison Square,
115 Broadway,
New
York.
AXD 8 PER CENT FARM MORTQAGES.
That properly negotiated first mortgage loans upon
Improved farms in amounts not exceeding one-tliird
to 10 per cent of their value are the beat securities
obtainable is evidenced by the success of all who
We
have invested in theiu through ua.
are prepared
to demonstrate from the records of a business extending over more than a quarter of a century that
these mortgages are as safe as State or Government
bonds, and arguments in opposition to them, as negotiated by urf. will not stand for one moment in face
of the overwhelming proofs which our records
afford.
Contingencies existing In almost every
other form of Investment are lacking in these, and
while we do not pretend that they are the only safe
securities to be had, we do say emphatically that
the combination of as great safety, and nearly, if
not quite, twice the Income obtainable from such as
we would place in the same class, render them decidedly attractive. Had they not proven satisfactory to our customers during the uast twenty-flve
years our transactions in them would have scarcely
reached the enormous proportions which our records
disclose.
invite all whose attention may be attracted by our advertisements to this form of investment to call and invcitigate for themselves before
deciding that our claims for these securities, strong
as we make them, are not based upon a solid founda-
We
tion.
Reed & Flagg,
Duncan Building, Cor. Nassau & Pine Sts.
ENTRANCE
No. 11
PINE STREET,
NEW YORK. BROKERS AND DEALERS
The Largest, Best Appointed and Most Llbemll;
Managed Hotel In the City, with the Most Centra
:and Delightful Location.
The Corbin Banking Co.
7
HITCHCOCK, DABLINQ & CO.
the option of the city, at four (4) per
interest, payable semi-annually,
such bonds to bear date of May 1. 1885, and to be
redeemed at any time after ten (10) years, and payable at the expiration of twenty (MO) years, from such
date, accrued interest from date or bonds to day of
payment to be added to the price said bonds to be
in all resi)ects in conformity with the provisions and
requirements of the act of the General Assembly of
Ohio, bearing date March 11, 1885, and authorizing'
their Issue, principal and interest, payable at the
American Exchan^re National Banli, New York.
The said bonds will be sold for not less than par,
to the highest bidder.
The right is reserved to reject any or all bids, or to
accept them to a part only of their amounts.
Proposals to be in writing, signed by the part3%
Bealedand Indorsed "Bids for Bonds," and addressed
to the Board of Public Works, care of
E. O. EtfllELBY, Comptroller.
less, at
centum per annum
Island and 'Sew Jersey,
BROADWAY, NEW YORK CITY.
DaytonSc Ironton RR.Co
-WAJiTEB
SIVtITH,
Kew York City, Long
WALL STREET,
XUe Corbln Banking
Or
B o IV r> s.
;
Moore
&
Schley,
MEMBERS NEW YORK STOCK EXCHANGK
26
BROAB
ST.,
NEW
STORK.
Private Wire connection wiib PlillaxlelplilA,
Baltimore and Washington.
&
Spencer Trask
Bankers^
Co.,
Nos. 16 AND 18 Broad Stkket,
Transact a General Banking
;J
~
Busing
Branch Offices:
Connected by Private Wirei.
Philadelphia, 132 South Third Street.
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster St,
Saratoga, N. Y,, Grand Union Hotel.
:
r0mae
HUNT'S MERCHANTS' MAGAZINE,
i
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATEa
VOL.
SATURDAY, APRIL
40.
25,
NO.
1885.
1,035.
CONTENTS.
the value of stocks sold during the week in both years ($87,and $116,853,000) being 25-8 per cent. The amounts
that ia,
Cleartng-House Retnrni!
491 Tlie Anglo-RueeianDimculty.. 497 which remain to represent other New York clearings
The Flnauplal Situation
192 Monetary
and Commeraial
clearings arising out of transactions other than stocks are
The VirKlnla Debt Situation... 494
English News
498
Union Pacific and Its Governrespectively $313,878,488 and $419,174,160. Outside of New
Commercial and Mlsoellaneoag
ment Debt
495
News
600
the exchanges reach $257,235,719, against $276,608,905 a
316,000
THE CHRONICLE
—
—
York
year ago, or a falling off of 7 per cent.
is
The Commercial and Fixancial Chronicle is
New York evert/ Saturdag morning.
WeOc BnMni AfrU ia
published in
188S.
[Entered at the Post Office, New Yorl* N.Y., as second class mall matter.)
WILLIAM
JOHN
0.
B.
DANA
FLOYD.
>
79
)
&:
(1,426,753)
(1,824,042)
(857,400)
(-SS-8)
(-^8-«)
(1,01»,688)
(808,400)
CH6,SO0)
(-M-8)
(5e,0T7,800)
(42,893,000)
(+80^
(51,068,000)
(33.615.000)
(124,988,000)
(-7S-1)
(88,188,000)
(+!«•«)
(-6«-*)
171.962,089
4,496,100
1,455,681
$67,438384
l,0b7,'!50
(,0rain.,.bu9luW
(.PetroUum..bbU.)
Providence...
NEW
— On page 505 will
Philadelphia
Pittabnrg
Baltimore
be found the detailed returns, by States,
of the National banks, under the Comptroller's call of March
Total Middle....
Previous returns
10, kindly furnished us by Mr. Cannon.
Chicago
were published— those for Dec. 20 in the Chronicle of Feb.
21, page 238, those for Sept. 30 in the issue of November 15 on
page
551.
_____^__^»_„«_____
CLEARING HOUSE RETURNS.
Detroit
iQdlunapolis
Cleveland
Peorta
The present statement of exchanges exhibits a decided im- ToUl Western...
provement over those immediately preceding it, not only in
the larger total compared with previous weeks in April, but
also in the smaller percentage of decrease compared with the Sow Orleans
figures of a year ago. The aggregate for the week is $745,- Ean<asClt7
736,207 (an increase over April 11 of |102,986,214) against
days in 1884 (an excess
Memphis.
over the preceding week of that year of $95,384,719), or a decline
compared with the same week last year of 19*8 per
cent. In our five-day table by telegraph given last Saturday
the decline appeared to be 19*1 per cent, showing that the fiveday statement afforded a very clear forecast of the week's total.
As to the separate cities, thirteen exhibit larger totals than a
week ago, and of these Boston, Chicago, San Francisco, Kansaa
City, Worcester, Providence and Milwaukee, and in addition
Portland and LouisviUe, show an increase over last year, Foif
the first time since we began the publication of these retuma
Chicago records an excess over the previous year. This is
due in part to larger clearings this week, compared with last
week, of over $6,000,000, and in part to the fact that during
the same time in 1884 there was a decline of over $5,000,000.
The gain this year cannot probably bo ascribed, at least
mainly, to an improvement in general business, but to the
speculation in breadstuffs at.that city during the period which
San Francisco
fi929,483,065 for the corresponding six
this year
-ao-4
iCotton....bala.)
Co., PublUIiers, Lowell
81 "nrilllam Street,
YORK.
Total N. England
Post Oifich Box, 958.
Sc
P*Tam
iStocks.... shares,)
New Haven
DANA
1880.
$4O1,504.4««
t488,510,48S
Subscriptions will be continued until dcflultely ordered to be stopped.
for remittances unless made by
Drafts or I'oat Ollice Money Orders.
A neat tile cover is furnished at 50 cents; postage on the same is 18
centa. Volumes bound for subscribers at $1 00.
XriLIilAM B.
WsekXnMntAvr.U.
of"
Terms of Subscription—Payable in Advance:
For One Year (including postage)
flO 20
ForSlx Months
So
6 10
Annual subscription in London (iacludinK postage)
£2 7s,
81-T Mos.
do
do
do
*18s.
These prices include the iNVESTons' SirpiT.EiiENT, issued once in two
months, and furnished without extra charge to subscribers of tho
Chronicle.
)
PtrCtnt.
1884.
$653,880,160
Salt*
The publishers cannot be responsible
Our usual statement
as follows
Total Southern..
Total
all
+8-7
$63,006,681
4.429,800
+18
1.617,«7«
—10-0
8,801,100
l,t»l,618
1,232,891
—:o-9
1,178,880
871,022
859,298
657,938
434,941
854,709
845,884
739,303
496,187
+1-6
-11-0
-18-7
$81,835,389
$77,857,336
+5-4
$7»,4«0,«77
145,389,364
$69,314,122
$45,748,800
-*4
4*1
7,107,566
11,568,234
13.620.999
14,340,203
-22-3
-47-8
-19-3
7JW1.426
-S4-8
164,005,164
$86,275,324
-25-8
$04,947,468
-8-8
146,140,878
8,605,650
3,067,004
2,390,594
1,259,672
1,934,274
1,480,293
739,625
$43.4^8,429
9,079,000
3,031,442
2,571,868
l,t04.238
2.400.134
1,508.430
807.365
+81
-111
$40,133,877
-irs
+1-2
8,tK9,S8S
-70
8,400,808
+»1
-16-8
-17-8
-1-5
-8-4
1,180,617
-18-1
-18-T
-0-1
+88-J
105,067.792
$64,989,586
+1-0
$69,e«9,158
$15,889,428
637,198
$10,485,631
6.490,289
4,388.961
11,161,123
-8-7
-16-8
-41-8
$19,738,988
720,198
7,687,068
4,880310
-0*
4.441,940
3,109,742
8,802.867
+90«
I,884,47«
-K9-8
+20
764,250
988,8»
737,S»
778,7S0
488.900
-8«
-1*7
+«<
+8-0
-m
—
i-O
-S8-4
11.703.1S4
a473,6»
138S,8M
1,881,860
778,518
-«)ra
-18D
-1»3
-1-7
-lB-9
1,033,507
1,411,194
-H-6
+42-8
-29-8
$32,866,324
$37,817,869
-11-9
$34,074301
$12,851,060
$10,862,791
+Vlr3
$929,483,005
+»40
-10«
$10,003,808
$746,786.2OT
$fl4S,74S,«ee
-«r»
4,325,919
The clearings for the five days, as received by telegraph
show that while at all points there has been
some falling off from the totals of last Friday the comparison
with a year ago, except at NeW Y'ork, is more favorable than
Boston and Chicago continue to record figures in
then.
excess of 1884 and they are this week joined by St. Louis.
this evening,
WIvt Day* EaOIng
1880.
New York
Salm of Stock
iih».)
ArrU
ISM.
84.
PtrOmt.
$370,007,741
$608,067380
(02»),561)
(8,8833*1)
(-88*
+«i>
-10-0
-9-8
64,919,242
51300,500
PUIad«lphlft
80,188,018
48,164,888
Chicago
St. Louis
«311,»47
80308,000
18,889360
10,145,982
84,407.000
11,M«,800
+ri
+r*
-80-1
$518,416,308 $74S,158.88»
Total
the figures cover. The New England and Western sections
88,788300 -1S«
55,89<1.«4»
present increases over 1884, the former of 5"4 per cent and BiUuioe, Country*
-88^
$578,712,957 $Me.8aa3M
Total all
the latter 1 per cent.
-47
$813,84S.»44
"$203,706,218
York
Outside
New
At New York the total loea, compared with a year ago, is
• Eitlmat«d on the 1>»«U of the taat wceklj return*
25'2 per cent, the percentage of decrease after deducting double
«(MjD'l>Xii4-«il»r.l7
VKO.
Par On*
$418,888,710
-•4-4
a4«7,«731
56,480307
(-W1)
87,786,804
•,81«,«a7
88,104,000
-avo
183nu«l
$(m308388
B4.a7&«M
$88^88838i
-t*9
-4-4
-to-i
-s-s
-t»-l
-*•!
.
1
THE CHRONICLR
492
[Vol. XL.
through the addition of nearly 11 millions in value to
THE FINANCIAL SITUATION
our imports, making them nearly 53 million dollars,
The warm, forcing weather which has prevailed quite against about 42 millions a month for the three previous
To give the reader a comprehensive view of the
generally over the country during the past week is a fea- months.
Accompanied as it has been trade situation, we have prepared the following statement
ture of no little promise.
with seasonable rains in most sections, the effect on the
crops must have been very favorable. With a continuance
of these conditions
first
May
of
we ought
to be
able to
know by
of the foreign trade for the last six months.
rOREIGN TRADE OF THE UNITED STATES— (OOOS Omitted.)
the
Merchandise.
real situation of winter wheat,
not only the
but the extent of the spring planting, while corn also in
many sections will by that time be fully underway. We
notice that in the South
started
corn
and cotton planting
is
already reported as well
making such progress
as
that
be nearly completed, except in more northern latiare preeminently an
tudes, by the end of the month.
it
will
We
agricultural country, and
from that source our growth
in
wealth and our power to recuperate must chiefly come.
Consequently these improved weather conditions have
helped to remove the anxiety which was beginning to be
felt,
and infused a more hopeful
spirit in business
circles
Other than the crops,
it is
impossible to ignore the fact
progress of the Anglo-Russian dispute and the
war which it threatens, still has a chief place in men's
minds as an influence which will be likely favorably to affect
trade.
Of course war opens up a wide question, and to
attempt to foretell the changes and influences such a struggle would cause and exert if long continued would require
more of the prophetic spirit than most men possess. Yet
the immediate results almost any one can see and
that the
We all know for instance (1)
that food products
would
But a more serious
because a controlling question would be its effect on the
money markets of the world, for that influence, under our
present wretched currency system, would attack us at our
weakest point. It is well to ask therefore whether a state
of war between two such nations would not naturally
make capital conservative and lead on the Continent as
well as in England to a strengthening of bank reserves and
if so would not we, under the circumstances, be the source
from which their new supply would have to come ?
This is a mere hint, but may perhaps cover an import-
would
Impels Bxp'ts
of
Exv'ts Imv''ts
Exp'U:
18S4-8S.
October
i
I
i
71,073! 51,713
to an extent rise in price,
for a time at least
decline in
and
(2) that cotton
price.
;
ant suggestion; for with gold
flowing out of the country
would speculations in wheat or in fact anything else be
promoted ? Would there not rather be a natural effort
to stop that outflow, and how could it be done except by
a new depression in business which would effect a further
decrease in imports and an increase in exports.
One is
reminded of this feature in the situation by the fact that
foreign exchange has gone up again this week and is now
only just below the gold-shipping point, while what we
call money is a drug here and continues at 3 per cent in
London. We hold, therefore, no check whatever on gold
exports, for our forced currency keeps our money market
In fact this week our
outside of natural influences.
Clearing House banks that pay interest on deposits have
had a meeting to see if they could not come to an agreement to pay less than 2 per cent hereafter, as they cannot
without too great risk earn the 2 per cent they pay now.
Consequently, we can see nothing in this feature of the case
that favors the idea that
an immediate
effect of the
war
be to give a new impetus to enterprise here.
This idea is further enforced by the changed conditions our foreign trade is now assuming.
The Bureau
will
this week issued its March statement,
which shows an excess of imports during that month, a
result reached not mainly through diminished exports, for
of Statistics has
they are only
2^ millions
less
than in
February, but
Silver.
|
Excem
Excess
0/
Expats Imp'ts
/mp'fs
%
19,330
%
2,430
»
?
I
2,874
1,943|
7,739
1,850
1,438
412
1,815
2,144
1,334
1,136
November. 79,783 45,518 34,265
December. 91,295 42,139 49,156
8,183
2,418
January...
February,.
S0,58i
53,959
42,318
38,344'
2,076
1,446
630,
43,034
11,935
1,887
1,636
261
March
51,3«3
53,985
*1 ,602
1,757
833
934
8,478
2,229
2,507
3,119
Tot. 6 mos. 488,033 276,577 151,458
18,751
5,155
13,596,
15,757
.
01
Exg'tt
193
444
eo3
.
2,K37|
t
1,093
(
831
1,003
1,504
1,838
1,283
9,457
6,300
Excess of imports.
It should be said of the above that in !March we exported
no more bushels of wheat, of wheat flour and of corn than
we
did last March, and over 25 per cent less of each than
in March, 1883, although
generally.
measure.
Gold.
Excets
our surplus of both cereals
undoubtedly much larger than in either year named.
subsequent months this
less
unfavorable.
Still,
may change and make
as
it
stands
we have a
is
For
the exhibit
notable mer-
chandise excess for the six months, which should serve us,
and under ordinary conditions would serve us, in the stead of
gold exports. We notice that several of our exchanges have
criticised our suggestion of a month ago (when the February trade figures were issued) as to the cause for the
high rates of exchange while such a large trade balance
existed, and seem to find an answer to our suggestion m
the fact that in 1877 to 1879 we had a larger trade bal.
ance but no gold imports.
Those writers appear to have
forgotten how that old balance was paid.
We were very,
very largely in debt then and took in our obligations in
preference to gold, a necessary preliminary to specie pay-
Now Europe holds comparatively few in amount
bonds and stocks, and in the past six months has not
probably sent us more in value than it has taken, so that the
trade balance noted above has not been paid in that way. Of
one thing our critics may be assured (excuse us for
keeping infant school constantly) that currency laws cannot
ments.
of our
be violated without disturbing the natural movements
we have violated them and are suffering
of trade
for it, and will suffer worse if we do not take heed in
;
time.
It is
a very encouraging feature at this juncture in our
monetary
affairs to
find that
our new Administration
daily gaining strength in public estimation.
The
is
appoint-
Conrad N. Jordan to be Treasurer
Improved upon, and the President
and Secretary Manning show by it their determination to
have the Government conducted on honest, open business
Mr. Jordan is a radical reformer, has an
principles.
active and very suggestive mind, and great executive
Those who have had the closest business relations
ability.
The Treasury
with him hold him in the highest esteem.
statement of last month is an excellent illustration
As is well known, it was
of his character and methods.
We do not believe that
prepared under his direction.
one person in a hundred who has read the monthly state
ment heretofore has understood it, while no one could fail
to understand it in the new form in which it was issued
In a similar manner we beheve it
on the first of April.
will be Mr. Jordan's aim to simplify and make plain all
the affairs of the Treasury, and so to conduct its operations as to aid and not to interfere with private business
ment
this
could not
enterprise.
week
of
possibly
bt,
It is a great satisfaction to
evidences that the Administration
is
have these recurring
alive to the country's
'
'
1
APRIL
THE CHRONIOLR
35, lfl60.
and we cannot doubt that if war
intereets
and there is any way for the country to take
advantage of it, affairs will be so conducted as to secure
whatever benefit is possible.
On a subsequent page we give today through the kindness of the Comptroller of the Currency our usual detailed
statement of the National banks made up under the last
It is very gratifying under the circumcall, March 10.
stances to note from these returns the remarkable strength
of our banks throughout the country, fitting them so well
to meet any emergency which may be in store for iis.
Our city institutions have shown by their weekly returns
how thoroughly they are fortified, but it seems that simi-
indusiria]
;
comes,
493
other aaeurities any greater consideration for the aoqniivment of the terminal properties than is ntcamuj for the
purpose
retaining
of
They
reasonable."
terminal
also
facilities
declare
than
ftnd
ia
unaoimoiu
their
be necessary to issue only a part of the
to in the proposed agreement."
This latter agrees with what we said in car article, and is
important because it substantially reserves to the holders
belief " that
common
will
it
stock referred
preferred
of the first
stock (the
present
mortgage
first
bondholders)
the control of the property, inasmuch as
will leave the
amount
that
common and
of the
With
of
first
it
preferred stock greater than
second preferred
combined.
the control of the property thus assured to them,
we
We
do not see that the old bondholders could do much better
It should be remembered that »
give
any
details,
but
the under any other plan.
have not the space here to
following statement of actual cash holdings (not including 25 million mortgage is probably the smallest amount that
silver) and the total deposits for three years in March, can with advantage be placed ahead of the old bondholders
in any event, and therefore we are inclined to favor
wUl be interesting as well as reassuring.
lar preparations
have been
in progress in
every section.
A good suggestion has been made, howwhich the committee might take into consideration
namely that such of the bonds as are given in exchange
for terminals and other existing liens bear only 4 per cent
the scheme.
Oith HuMinos
bji
Nntionnl Ikmkt of United
Ito'eh
Harck
7.
1884.
Stales.
10,
188S
«
and Rold Clearing House
e8,377,4«S
B,S83,400
8I,998.'W8;
83,180,463
«7,«60,450
70,«90,880
ToUlgold
07,900.860
S8,2t)«,43»
100,589,138
8O,89S,0eS
1118,411.323
tenders
186,107,304
189,481.833
247,188,645
<^:ol<)
certlflcates.
Gold Treaeurf certtacate*
I.ogfll
Total
not inclndlng >t)Ter
catli,
93,777,3?^
l9i4,ma,009 1.05».8e.S.803 1.010.M8.218
Total depo«lta
This comparison makes the bank holdings nearly 100
and
millions greater of gold
and nearly
legal tenders than in 1881,
50 millions more than in 1884; while the
deposits are really less
1884, and only about 65
than in
ever,
while those that are sold in the market to get
betterments,
would be
etc.,
bear 5 per cent.
easier to get consent
It
money for
argued that
is
it
a reduction of interest
than to a reduction of principal, and that in the way proposed
amount
the
of
annual
stock would be diminished.
sideratum
is
to
charges
But, after
ahead
all,
of
the
the great de-
to obtain a speedy settlement of this difficulty,
for so long as the dispute
is continued, there can be no
more than in 1881.
hope of placing the West Shore property on a sustaining
Our stock market has been featureless during the week. basis. When therefore a plan is offered which in all its
There was some selling of the Granger stocks, claimed essential features seems satisfactory, it can hardly be
to be on account of the rate cutting- by the roads
an deemed wise to oppose it because of some minor defects of
appreciation of the Missouri Pacific securities following the detail. Not only on its own account, but because it would
settlement of the Marie-Garrison suit
a better feeling remove a serious obstacle in the way of rehabilitating railwith regard to the Pacific stocks and Pacific Mail under road interests generally, do we earnestly advocate an early
the report that their differences were in a fair way of adjustment of this West Shore difiSculty.
being arranged a movement in Lake Shore on account
Pennsylvania Eailroad's statement for the month of
of certain rumors respecting its relations with the Nickle- March, issued this week, is not reassuring as to the course
millions
;
;
;
Plate foreclosure or settlement; besides other changes and
of
rumors, none of which were of any considerable import-
compared with 1884 is but little less than in February,
and the falling off in gross is even heavier. This falling
off reaches $367,253, and comes after a decline in the
trunk line business.
The
in
loss
net
earnings as
and many of which had little of fact to support them.
The truth is, there is no significance just now in the fluctuations on Wall Street. There is danger in selling stocks previous year of §186,753, so that since 1883 the March
and no prospect of profit in buying them, so what goes on receipts have diminished $554,006. In net, owing to a
ance,
is
in
general a kind of fencing operation mainly
professional speculators,
among saving
with some investment demand
for bonds and the better class of stocks.
compared with 1883
In West Shore matters, though hardly a day has elapsed
but some new plan of reorganization has been
better opinion
plan
of the
Abram
S.
on the
offered, the
street is tending strongly in favor of
Reorganization Committee headed by Mr.
Hewitt.
The new plans
are almost
all
imprac-
contraction
operating expenses, the
in
;
but
if
and $294,318 as
we go back
to 1881, the best
last
'
we
find a
$1,799,226, against only $1,161,109 now.
The
year for net the company has had in March,
of
total
only
is
year,
1243,442 as compared with
weather conditions during the month this year were of
course more favorable than in February, and that enabled
the
company
to
effect a greater reduction in expenses,
and some of them quite unreasonable, while the but all the other adverse features previously existing
committee's plan has many merits, and can with certain still' remained in operation. Traffic continued smaU,
modifications be made wholly unobjectionable.
To some business depressed, and rates low. The reduction of oneof these we alluded when the proposition was first sub- third in the usually profitable west-bound freight, parmitted, and we notice that the suggestions we then made are ticularly remained a circumstance of an unfavorable
being followed in great degree. For instance, Mr. Bulkley, nature. On the Western system, owing to the better
the secretary of the committee, has prepared a rough draft crops of last season, there is a slight improvement over
ticable
of the disposition to be
made
of
the
new 25 milUon mort- the
the previous year, but
result of
that
follows simply
gage, and his figures will be found in our investment column
because the result in that year was unusually bad. There
on another page. Then the committee have addressed a is no improvement over any other year. On the contrary,
letter to Mr. Stewart, the counsel for the United States Trust there is a decided loss.
In the following we compare both
Company,
to be
trustee of the mortgage, bearing
made with
upon the terms
the holders of the terminal property, as
to
which there had been much
it
is
They state that
money or in bonds or
criticism.
not their intention " to pay in
the EJastern and Western lines for a
Western
or so
lines, of
much
course, report
deficiency in
period given.
number of
year*.
The
merely so much surplus
meeting
all
liabilities
for
the
.
THE CHRONICLK.
494
Lines East of
PlTTSBUKG.
1S34.
March.
Gross earnings
Operat'K expenses.
4,002,627
__
Jan. 1 to April 1.
Gross earnings
Operat'g expenses.
2,490,491
1,404,551] 1,455,427
1,415,802: 1,799,226
1,511,248
-96,030' +153,366
+45,163, +374,421
+615,059
2.173,647
2,120,307
1,608,793
1,400,965
2,045,078
11,003,59311,830.952 10,592,364!l0,129,133
7,308,327; 7,567,773 7,022,675' 5,964,942
3,695,266| 4,263,179
Net earnings...
Western lines
—352,310|
8,681,932
3,278,186
1,768,938
3,912.293
1,308,512
Result
+276,640
3,342.956: 4,539,819
9,306,318
6,106,585
4,109,728
—12,888' +020,650 +1049,129
3,569,689; 4,164,191
3.557,403
and the Bank of Germany since the
silver,
The following
last
indicates
i
i
3,814,804
4,180.380
2,598,076; 2.738,953
!
000 francs
return gained 8,640,000 marks.
»
Net earnings...
Western lines
Result..
1880.
1881.
18S3.
XL,
[Vol.
5.084,841
5,1,58,857
It needs but a glance at the above to see how seriously
the income of the Pennsylvania system has fallen off in
The Western lines were the first to be
recent years.
the
this
amount of bullion in the principal European banks
week and at the corresponding date last year.
April 23, 1885.
April 24, 1884.
Gold.
Oold.
Silver.
Silver.
*
Bank of England
Bank of France
Bank of Germany
25,897.863
25,327,730
41,890.730 42,599,697 40,120,574 40,088,613
7,161,000 21,492.000 7,600,000 22,800,000
Total tMs week
Total preTlons week
The Assay
74,952,593 64,091,697 73,054,301 62,888,613
74.123.46o!63.682,528 72.351,038 62,326,553
..
Office
paid
$82,825
through
the
Sub-
Treasury for domestic buUion and $209,073 for foreign
against a surplus of $615,059 in bullion during the week, and the Assistant Treasurei
March, 1880, we now have a deficit of $56,040, but the received the following from the Custom House.
Consisting of—
Eastern lines have latterly shared in the downward moveDuties.
ment almost as strikingly they had net, as already stated, DaU.
JT.8.
Oold
Silver OefGold.
Notes.
OerUfle's.
tifleales.
of $1,799,226 in 1881,against only $1,161,109 now. On the
adversely affected, and
—
system combined the result is $1,105,069 this year, against
$2,173,647 in 1881 and $2,126,307 in 1880. The exhibit
for the three months ended with March, is equally unsatisfactory.
There
is
a loss of about $700,000 as compared
Apr.
"
"
"
"
•'
compared with 1883, of
1881, and of $2,500,000 as
with 1884, of about $1,900,000 as
$2,400,000 as compared with
compared with 1880.
04
$3,000
8,000
4,000
4,000
2,000
3,000
$33,000
83.000
122,000
106,000
45,000
79,000
$2,433,399 03
$24,000
$468,000
$266,126
330,184
605,661
509,973
319,541
401,912
17.
18.
20.
21.
22.
23.
Total.
00
58
46
81
14
$131,000
157,000
302,000
252,000
122,000
151,000
$825,000
$1,115,000
_^
_H
Bankers' balances remain unchanged at
$100,000
82,000
177,000
147,000
150.000
169,000
THE VIRGINIA DEBT SITUATION.
1@H per cent,
Virginia has again been thrown into financial and polit.
but these do not accurately reflect the condition of the
money market. The banks are lending only upon the ical confusion. "Whatever may be the outcome of this new
most acceptable collateral, and paper that has the slightest phase in her debt question, the decision of the Supreme
very unusual Court handed down this week, which has incited the
taint will not be bought at any price.
papers. present agitation, will be for one reason at least a source
Chicago
the
but not large movement is noticed by
A
Borrowers in that city are said to be resorting to New of deep gratification. The Court by it clears up a doubt
York for accommodation, not because money cannot be which hung around a previous decision, and holds subobtained there, but for the reason that a little better induce- stantially that repudiation cannot be so disguised by law
ments are oflered here. The following statement, made as to permit the repudiators to masquerade in the character
up from returns collected by us, exhibits the receipts of honest men. There was urgent need for this last interand shipments of gold and currency by the New York pretation by the Court, and public morals will be benefited
banks during the week.
by it, regardless of the final influence of the decision on the
question
of State rights, or on the special question of the
Shipped by
Xet Interior
Received by
Week mding ApHl
2), 1885.
N. T. Banks.
13,061,000
Corrency..
X Y.
Bunks.
$530,000
Movejtient.
Galn,..»2,531,C00
State's indebtedness.
It
is
therefore the general principle involved and its
Gold
?3,061,000
Total gold and lecal tenders.
»530,000
Gain.. $2,531 ,000
wide application that gives to the present
Virginia litigation
The above shows the actual changes in the bank holdings
stand the
and currency caused by this movement to and from
its
chief interest.
crisis in
the
We shall better under-
and the consequent
up to
the interior. In addition to that movement, the banks have
that
all
are
familiar
with
the
funding
may
presume
We
it.
lost $500,000 through the operations of the Sub-TreasIt was passed March 30, 1871, and in substance
measure.
ury. Adding that item, therefore, to the above, we have the
provided for the issue of new bonds in the amount of twofollowing, which should indicate the total gain to the
thirds of the State's old debt, the coupons of the new bonds
New York Clearing House banks of gold and currency
being made "receivable at and after maturity for all taxes,
for the week covered by the bank statement to be
" debts, dues, and demands due the State." Under this act
issued to-day.
up to March 7, 1872, about 30 millions of old debt was surrendered and about 20 millions of new debt was issued, the
Into Banks. Out 0/ Banks. Net Change In
Week ending April 24, 1885.
Bank Holdings.
other 10 millions being taken in certificates and claimed to
significance of the decision
of gold
situation, if
Banks* Interior Movement, as above
Total gold and legal tenders
—
$3,061,000
$530,000
Gam.
5,300,000
5,800,000
Loss
$8,361,000
$6,330,000
.
$2,531,000
600,000
Gain. $2,081,000
we recall
be chargeable to
the several steps which have led
West Virginia. On March 7, 1872, the genis, we believe, known
eral assembly of the State passed what
Government bonds have been very strong this week, in the literature of the State as " Coupon Killer No. 1,"
the demand for investment coming on the market at a which by its terms directed collectors of taxes thereafter
time when there is a scarcity in the supply. It is stated to receive in payment thereof only gold, silver or United
This law, however, so far as it
as another reason for the advance that some operators States or bank notes.
have made large speculative sales of these bonds in the afEected parties who had already funded their bonds, was
expectation that the outbreak of war in Europe will soon after held by the State Supreme Court to be unconcause the return of some of these securities
now
held
stitutional.
Next came Messrs. Mahone and Riddleberger and the
abroad.
England gained £325,243 during the Readjuster party, their efforts culminating in the passage
week. This represents £183,000 received from abroad, in 1882 of two laws which have also been designated as
and £142,243 from the interior. The Bank of France "Coupon Killers," giving rise to all the late litigation,
reports an increase of 9,897,000 francs gold and of 2,129,- and providing substantially that until a jury had passed
The Bank
of
April
to be genuine, it
The popular opinion
aa to this stotute was, that like that of 1872, it was
equally an interference with the contract, and thereIhit in March, 188.3, the Supreme Court of
fore void.
upon a coupon, and pronounced
.
»
I
it
could not be received for taxes.
_^
»
THE CHKONICLE.
35, 1888.]
and that grand old commonwealth
command
position to
ia
once mora ia
ft
the world's capital for th« deralop.
ment of its marvelous resources.
Fnrthermore th«re
never was so favorable a time for making a satisractory
compromise. Interest is extremely low, and a lowrata
bond, backed by a disposition on the part of the State
under
it,
case
a
decision
in
rendered
a
United
States
the
which on its face appeared to sustain the law, and to once again to live up to its contracts, which such a settleThe unfortunate ment affords the evidence of, would bring the basis for an
sanction this attempt to avoid payment.
feature was, as already stated, not so much that Virginia agreement easily within the tax-paying ability of the
repudiated
that the
debt, as
its
supposed substant
decision was
Supreme Court by
-lly to
its
say that in doing
people,
and make the honorable way out of the
way
the cheap
week
as
well.
Is
difficulty
not Georgia's success this
borrowing money a good
wisdom
And would not
were legalizing repudiation.
But in September, 1883, a decision of Judge Bond anyone feel greater self-respect and better satisBed to-day
made it evident that too broad a construction had been in acknowledging himself a citizen of (teorgia than a
given to the Jilarch decision. Then it became apparent citizen of A'irginia?
that the Court did not intend to pass upon and did not
so, it
did not violate or impair the contract, thus as
it
in
of meeting
-
495
pass upon the question of
the liability of the State or the
one's
illustration of the
honest obligations?
UNION PA CIFICAND ITS GOVERNMENT DEBT.
coupon holder, but simply held that the
The detailed report of the Union Pacific, among other
mode of establishing the genuineness of the coupon which things very naturally treats at length of the relations of
it did not
the company to the United States Government. There is no
/ the State had authorized, could stand because
that all the feature of the road's affairs at once of greater importance and
^^and could not affect the main question
coupon holder had to do was to tender his coupons for his greater uncertainty and none upon which the property's
taxes, and the collector must take them or refuse them at value and future so largely depend.
Mr. Adams is very
rights of the
;
At
controversy comes in the anxious to impress upon the public the idea that the comweek which on the point of the State's pany has always labored faithfully to live up to the Govliability seems to be full and satisfactory, not leaving ernment requirement, has observed its every obligation,
enough life in the Riddleberger law to have a quarrel over. acted invariably upon the advice of counsel, and instead
The Court says that by the terms of the funding act " a con- of attempting to defer the matter, has sought nothing so
" tract was made between every coupon holder and the much as an early settlement and adjustment of the diffi' State that such coupons would be received at and after culty and dispute.
The new management thus underhis peril.
decision of
this stage of the
this
" maturity for
all taxes,
&c.,"
and any
act forbidding such
takes not
only to justify
its
own
course, but that of the
payment of previous administration, and to defend it against charges
"taxes is equivalent to actual payment, either being of bad faith and attempted evasion of law. As, however,
"sufiQcient to deprive the collecting ofEcer of all authority the final payment in adjustment of all claims up to January
" for further action and making every subsequent step 1, 1885, has now been made, it is hardly worth while to say
illegal and void."
So where the coupons have been more on that point than simply that if the zeal which Mr.
and
refused, proceedings by seizure Adams has manifested ever since entering upon his duties,
tendered for taxes
and sale of property taxed can be enjoined by the Court. had formed part of the earlier management, the path of
Some further legislation was perfected by the last Vir- Union Pacific in recent periods might have been less
ginia Legislature, the more effectually to carry out the beset with difficulties.
object of preventing the receipt of coupons for taxes.
This, however, and the final settlement as well, is ab-eady
Among these the leading measure was the act passed a matter of the past. It is of course satisfactory that as
March 13, 1884, which abolished the action of trespass far as existing law is concerned, the company has now
But nevertheagainst officers levying after tender of coupons and fulfilled every demand of the Government.
changing the process of verification of coupons from less the ultimate disposition of the Government debt quesa summary proceeding to a regular suit. But these later tion is as much involved in doubt as ever. It is admitted
receipt
is
void
'•
;
that the lawful tender of
'•
'
statutes alter in no respect the effect of the present decision
on
every
that
side
the
Thurman
act
is
inadequate
That act was passed
to the demands of the situation.
power
provide
a means of meeting
right
and
bondholder
affirming
the
the
idea
that
it
would
by the
with
(1)
Though
of the United States Supreme Court to compel the officers the debt owing the United SUtes, at maturity.
of a State to exercise their ministerial duties and obey a much better than the provision under the original law, it yet
which establishes in his favor every point contended for
;
constitutional law, (2) the duty of such officers to disregard
any subsequent unconstitutional law passed by the
(3) that coupon-killer acts are unconstitutional and
entially that
all
State,
infer-
such devices are void, being in direct
violation of the original contract to accept
them
for taxes.
This would seem to leave the State absolutely defenseless
as against this special contract.
Even
the proposition
being agitated to repudiate the whole debt,
carried out would
if
it
could be
not avoid the coupons so far as they
will only prolong the agony,
payment
even
but can avail nothing either
On the other hand,
of the debt.
with a settlement effected, the credit of the State is restored,
if
nothing
is
done to diminish the previous accumula-
towards reducing the principal of the debt. This
principal amounts to only $33,539,512, but the toUl debt
tions, or
now due
have been made a legal tender for taxes.
There seems, then, but one sensible course for the State
to pursue under the circumstances, and that is to effect a
compromise with its creditors at the earliest possible
moment. Anger, agitation, public meetings, re-arguments
in avoidance or
short of the requirements. In the late year alone it
permitted an accumulation of interest (to be aiided to the
original debt) of $800,000. That certainly is to be avoided,
falls far
the
Government on December
31, 1884,
was $48,864,-
250, the increase representing the interest accumulations.
Neither the principal nor the interest is due till the
bonds— 1895 to 1899—and with a further
accumulation of $800,000 per year, as in 1884, for four
teen years, it is easy to see that the debt would reach an
aggregate nearly double the principal sum of the bonds.
maturity of the
would the road meet that large debt ? and what plan
would prove least vexatious and harmful and best promote
How
all parties concerned ?
are well known, and he Ukes pains
views
Mr. Adams'
the interests of
.
THE CHRONICLR
496
to state
them again
of the policy
in the present report.
of compelling
the
Mr. Adams affirms that not all of the branch
systems are profitable in themselves, but calls attention
the to the fact that they have built up the traffic of the older
He
company
[Vol. XI*
disapproves
the same.
to provide a
fund out of earnings, and keeping it in
United States Treasury. He complains justly of the low lines. We have already seen how heavy the loss in earnings
rate of return the company gets on its money in that has been, both in gross and net, on the 1,800 miles of Union
way. He thinks the money could be employed to much Pacific road proper, but that is due to the multiplication of
better advantage in building new branch Unes and feeders competing lines, the diminution in traffic as a result of busiThese ness depression, the decline in rates, and other causes.
to the main stem, as has been done in the past.
would increase the business and earning-power of the sub- Who can tell what the loss would have been if the comsidized lines, thus improving their value, and as additional pany had not its immense system of branches to gather up
sinking
security he would deposit the bonds and stocks of the
branch roads so constructed with the United States Government. This he thinks would be a better sinking fund
for both the Government and the company than that
now provided, and at the same time the plan would be a
great benefit t» the communities that would get the
needed railroad facilities through it. Mr. Adams dwells
at length upon the value of the Union Pacific system of
branches, as it now exists, and upon the popular misconception which would class them as " suckers," instead of
feeders
that is, regard them as a drain upon income,
traffic
its main road ?
One
Adams' statement that without these
business from the branih roads, the main
for it in the territory tributary to
may well
believe Mr.
contributions of
system to-day would not be worth the
first
mortgage on
It is the local traffic that constitutes the
most
important
and
business,
that the branches are
all
it
is
Union
this
it.
Pacific's
local
traffic
the time enlarging and extending.
Consequently the branch system, far from being a source
of weakness, is a source of strength.
In building it,
Government has not been impaired,
The Pacific Coast traffic which
instead of a source of gain to it.
the road was originally built to get, no longer amounts to
There can be no doubt that in the public mind there is what it did. There are too many new lines sharing in it,
much misapprehension as to the nature of the branch and rates have been greatly reduced. The report gives
system of roads, and their responsibility for the recent some figures that show how this Pacific Coast business has
misfortunes of the company.
The prevalent opinion dwindled in the last three years, which we copy below.
PACIFIC COAST BUSINESS.
seems to be that, except for these branches, the company
188
$3,703,667 out ol total freight earnings of $15,55f»,628
"
"
"
would now be in an exceedingly prosperous condition 1S82
2,740.473
13,905 490
"
"
•
1983
2,512,507
12,939,540
"
While it is doubtless true that the large floating debt 18S4
"
"
1,695,006
11,312,708
Still, though it can not be controverted that the extenwhich the company has carried, accrued as a direct result
—
too, the lien
of the
but rendered more secure.
1
of the construction of branch and auxiliary roads, it sions and investments of recent years, have tended to add
should be remembered that a circumstance of far greater to the value of the property on which the Government has
importance in its effects and tendency is the great a mortgage, it by no means follows that the Government
diminution in earnings and income that has taken place, and should permit or encourage a continuance of the same
nor even largely on the branch policy, if the payment of the debt due it is to be in any
lines, but almost entirely on the main system.
On this manner interfered with or deferred thereby. The Govthis has occurred not chiefly
point the
following figures from the report, giving
the earnings of the
Union
Pacific system entire,
first
and then
those of the main system alone, will prove of interest.
to the stockholders.
UNION PACIFIC SYSTEM ENTIRE.
1884.
4,420
1883.
4 121
1882.
3,633
t
QrOBS earnings
Bzpenses and taxes.
. .
Net earnings
is
of
3,123
(
Whether
no consequence to
exists or is
1881.
made
it,
2,766
t
25,761,200
15,118,053
28,716,140
29.543,875
29,124,687
25,246.373
15,899,402
15,241,961
15,810,0?0
12,121,940
10,678,147
12,816,788
14.301.914
1.3,284,607
13.124.433
upon the property.
the
same get much or little-
so long as adequate provision
in protection
1880.
UNION PACIFIC MAIS SYSTEM.
Average mites.
ernment has nothing to do with running the railroad. It
is not even concerned in
making the property profitable
and liquidation of
The Government advanced
company at the inception of the enterprise, and is
making further advances for interest from year to year, and
the only concern
loss.
it
It is
has in the road
not
its
is
to get its
1884.
1883.
1892.
1881.
1880.
business even indirectly.
1,821
1,821
1,821
1,821
sary to the success of the undertaking, that
t
21.002,542
I
22,823,884
»
22,455,135
10.545,120
money back
province to engage in railroad
1,832
t
claims
to the
without
24,258,817
12,480,343
its
a large loan
If
future extensions are neces.
is
the business
and they must solve the problem how
Bxpenses luid taxes
9,100,085 10,354,641 10,727,049
Without the branch roads as they now exist, tha
to do it.
Net earninga
8,870,885 10,648.001 12,098,835 11,773,474 11,910,015
Government lien might not be worth its full amount, but
We here see that the net earnings on the Union Pacific in that event what would the stock be worth ? To protect
system entire have fallen off from $14,301,914, in 1882, their own interests stockholders must pursue an aggressive
to $10,678,147 in 1884, or $3,623,767.
Now, how much policy, even as they must see to it that provision for meetQross earnings
17.970,970
of the stockholders,
of this are the branches responsible for ?
We find that ing the debt to the Government is made, lest their equity
on the main line alone, without the branches, the net have in the property be wiped out or jeopardized.
fallen from $12,096,835 to $8,870,885, or $3,225,950.
In constructing the branch system, Mr. Adams declares
Hence the decline on the branches has been less than that the directors always had the Government debt
in
$400,000. The gross earnings on the branches, on the mind, and in fact thought that this was the best provision
other hand, have increased $1,100,239, for including them they could make for meeting
the same at maturity.
The
the loss from 1882 is $3,752,675, while excluding them company built the branches, and
kept the securities issued
the loss is $4,852,914.
It is true that the 2,600 miles of on the same in its treasury, so that at the end of 1884 it
held
branch roads earned less than half the 1,800 miles of nearly 66 millions par value of
the same.
But though he
main road, but that follows from their being branches. now proposes that in the future
the bonds on the new
An
auxiliary road can never expect so dense a traffic as a
line, over which all the feeders pour their business.
trunk
Nor can the value
its own earnings.
great benefit
of a branch road be
roads built might be placed in the United States Treasury,
that certainly has not been the policy pursued in the past.
guaged simply by On the contrary, some of the bonds are pledged as security
It may not pay its way, and yet be of for the collateral trust
loans.
Of course, with those
to the main system, from the traflBc it gives securities in its possession, the Government would be
AnUL
THE CHRONICLE
85, 1886.1
497
without them, but they would as finally amended, the paymeats would be, it ij ealimatvd,
same certainty of payment as an $1,800,000 for each and every year of the t«ria. We do
aanual cash contribution. Their value might be proble- not see that there can beany objection to thi*. The amouot
matical. And if the company could not raise the money to is $612,890 more than was required in the late year, but
take them up, the Government would have to sell them, or is less than the average requirement for tHo four yean
better protected
thaa
certainly not oflor the
that being impossible, take possession of the properties
preceding.
It
moreover. $212,371 leu than the annoal
is,
interest at six per cent
which the Govemnient pays yearly
The report asserts that the Government could not run the on the principal of the debt. Mr. Adams thinks that the
Union Pacific system with any show of success, and there company could meet the $1,800,000 (though expreising
are certainly more reasons than one why it is highly an emphatic preference for his branch-system plan),
objectionable to let the Government have anything to do qualifying, however, the admission with the remark that
there is doubt about this, as about everything else related
with managing and running railroads.
Mr. Adams speaks as if all the branches had been built to the future. But if the time sliould ever come when the
H« company will earn less than its simple interest charge, why
out of surplus earnings. That certainly is not true.
also seems to intimate that after the Thurman law the we suppose there will be no help for it, and in that caae
company changed its policy with reference to new exten- we do not see that the position of Unio^ Pacific would be
sions.
He says that " when the Thurman bill was passed, any different from that of any other embarrassed comthe Government practically took control of this matter out pany.
they represented and thus go into the railroad business.
of the company's hands."
In point of
fact, it is since
then
THE ANGLO-RUSSIAN DIFFICULTY.
that the construction of branch roads has been prosecuted
Here
with the greatest vigor.
that
we
Eml of
Par Value of
Securitwi held.
$10,»13,7«0
82.043.128
18TO
1880
1881
1888...
1883
1884
$483,015
'1,010,153
4«,756.I30
I,332,B7H
53JJll,871
8,811,01,9
61,347,788
65,938.988
2,066,688
1.738.916
an investment of
as against
Year.
38,811,030
11 millions in tranches at the end of
the end of 1884 was over 46 millions.
1879, the
Nor
is it
less
On
she
is
there
the part
willing
is
of Russia
to
is
there
On
back down.
no
limit
is
no
may be
arrived
visible sign that
the part
of Great
the war preparations
to
;
but
a manifest unwillingness on the part of Mr. Glad-
stone and his colleagues to take the question out of the
than
amount
at.
Britain there
at
arena of diplomacy and to submit
it
to the arbitrament of
the sword.
correct to
were built by the Union Pacific
Some of them were built by outside interests, and
infer that all the branches
itself.
between Russia and England has
indulge the hope that a peaceful solution
Income for
tl6.5e»,4()0
34,308,888
38,898,533
48,480,093
48,133,101
"We thus see that
as
situation
reached a degree of tension which almost forbids one to
.amount of
Ittvatmcni.
Tear.
The
a table proving this
is
find in the report.
It
is
a
critical
nations most
A
moment
not only for the two great
immediately concerned, but for the world.
war between Russia and England cannot be contem-
then turned over to the Union Pacific, the venture usually
plated but with horror.
proving more profitable to the projectors than to the
the two great
Even
if it
should be confined to
combatants themselves,
it
will
involve
and
company. We might mention in illustration the case of destruction of property on a gigantic scale
But there ia
the Denver South Park k Pacific, which Mr. Adams now an enormous sacrifice of human life.
reports does not earn its operating expenses, not to speak always the danger that a European contest, if it once
It might lead
of fixed charges. Did not the Union Pacific have to pay break out, will take a wider range.
a very high price for the stock of that road in the vicinity to collisions which would provoke resentment; at least it
of par? And if in the future the company should have no would furnish opportunities which have been long and
—
surplus earnings whatever to devote to the building of
eagerly coveted and
;
when once commenced
it
can hardly
be brought to an end until one or the other of the prinThe defeat of Russia would
it capital would be found ready to run cipal combatants is defeated.
the risk, as in the past. And this being so, is there any undoubtedly imply great changes, but not such changes as
ground for the fear which Mr. Adams expresses that the the world would have any great reason to regret. The
road would have to stand still if the Government further fall of Russia would be a deathblow to a'baolutism and the
It would open
increased its annual requirement? The truth is, the con- one-man power in its most offensive form.
more branches, is
seemed to warrant
it
not likely that where the venture
Union Pacific's branch system was largely up a wider field for Germany
favored by the good times that prevailed, and with a many means the expansion of
struction of the
return of that condition
it
is
not improbable that there
;
but the expansion of Gercivilization.
The defeat of
Great Britain, on the other hand, by such a power as Rus-
British
same direction.
sia, would be an unqualified disaster.
no
India would
While the plan proposed however seems to us impractica- broken, the empire of
will
'
be further progress
ble, for
in the
the reasons here stated,
it is clear,
as said, that some.
recognize
the
authority
of
the
prestige
longer
Empress-Queen.
would be a revolution and a calamity.
beyond all question being trained to selloffered in the United States Senate, though Mr. Adams government; but her training has not yet been completed.
does not wholly favor it, seems alike fair to the company^ Divorced from British rule, she would lose all the advanand adequate to the requirements of the situation. We tages which her trainmg has already secured for her; she
mean the bill as amended, so as to provide for equalized would become the sport and prey of the rivalries and
payments through the whole term of years. In its original jealousies of her native princes; she would lapse into chaos,
thing must be done, and be done soon, to meet the debt to
the Government.
At
this juncture the 60-year bill lately
That
India
itself
is
an easy victim to the nearest powerful
it was objectionable, because it provided for pay- and become
ments varying from $900,000 to |2,500,000. If the neighbor. Nor would the loss of India be the only result
amount was to increase gradually from the smaller to the which would follow British defeat The numerous colonies
larger sum, there was the doubt that the company could of Great Britain would begin to think and act for themmake so large a payment in the concluding period of the selves; and the much-vaunted federation scheme would
form,
on the other hand, the amount was to diminish
from the larger to the smaller sum, the present burden
term.
entailed
If,
by the payment would be unusually heavy.
But
abandoned forever. It is the possibility of such
prospect of the
results which compels ofie to regard the
us to speak
forbids
which
and
horror,
threatened war with
be
—
;;
THE CHRONICLE.
498
rasWy
t
.
of the
man who moves
rvoL.
xu
with caution on the verge
of so dreadful a precipice.
As
right
the
to
emergency, there
is
and wrong in the present grave
a very general agreement.
It certainly
cannot be said that the British Government has in any
hostilities.
Mr. Gladstone has revealed all
way provoked
his characteristic caution in dealing with Kussia.
submitted to an unusual amount of provocation.
shown his unwillingness to resort to extremes
He
He
He
making most
evident from
has spoken firmly,
it
gigantic preparations
all
is
true
for
;
war
has
and he
but
is
it is
he says and does that he looks upon war
Russia, on the other hand>
as a necessity, not as a choice.
has been most belligerent, aggressive and unreasonable'
Most people, we think, are disposed to believe Sir Peter
Lumsden
rather than General Komaroff
ments of Sir Peter are
to
;
and
if
the state"
be received, the Russians are
wholly and entirely to blame for the fight on the Murghab
River.
But Russia's conduct on this occasion, although a
little
bolder and more
openly persistent than usual,
is
keeping with her conduct from the time she
in perfect
Time.
has
by making
;
EZOHANQE AT LONDON-Apr. 10.
0)1—
on Russia most reasonable demands, and by giving the
Government of the Czar an easy opportunity of backing
out of what he considers to be a false and untenable
position.
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
Rate.
Amsterdam. Siglit. t2 lia »12-2is
Amsterdam. 3 mos. 1231a ®12-4
'<
20-68 ® 20-72
Hamburg..
Berlin
Frankfort...
««
2069
tt
20-69
12-65
12-65
25-60
820-73
®20-73
®12-70
BXOHANQB
Latest
Date.
Apr.
Apr.
Apr.
Olf
LONDON.
Time.
RaU.
9 Short.
1209
9
9 3 moa.
•'
9
9 Short.
Apr.
Apr.
'*
if
Vienna
Apr.
9
*'
"
-812-70
Trieste
Apr.
9
ti
a
Antwerp. ...
Apr.
®25-G5
9
*'
St. Petersb'^
2178822
Apr.
9 3 mos.
Paris
Short. 25-37%©25-42ia Apr. 10 Checks
Paris
....
3 mos. 25-57's®25-62ia Apr. 10
"
25-8212 a25-S7is Apr.
Genoa
9 3 mos
**
"
Madrid
Apr.
9
4515i6'a461i8
**
ti
Cadiz
Apr.
9
*'
«
Lisbon
Apr.
..
5158®51%
9
•*
**
Alexandria
Apr.
9
'*
ti
Constant'ple
Apr.
9
Bombay
dem'nd
Apr.
9 tel. tsfs
"
"
Calcutta
Apr.
9
New York... 60 days
Apr. 10 60 day
Apr.
9 4 mos.
HonK Kong. ....
•'
Shangliai
......
Apr.
9
20-27
20-31
20-47
12-54
25-40
23 buyers.
25-3813
25-45
47-20
.
I
From our own oorresponaent.
110-06
is.
Is.
ess-jjd
625,2d
4-84%
3s.
43.
638a.
-
1038d.
1
London, April
11, 1885.
We have this week
passed through a very sharp spasm of
excitement, a-jd at one time a declaration of war seemed
hourly imminent. Happily for those who do not regard war
as a pastime to be lightly indulged in, the prospect at the time
of writing is certainly more peaceful, but for all that it is
unquestionably the wish of the nation that the honor of the
country should be upheld at all hazards. The cause of the
excitement, as you have heard by telegraph, was the attack
of the Russians on the Afghans at Penjdeh. We have, of
began her forward movement from the eastern shores of
She was not, she said, bent on conquest
the Caspian.
but she moved on. When Khiva opened its gates to her
troops it was only a question of time when she would
move on Merv and scarcely was Merv occupied when it
course, the usual choice of statements as to which side was
was known Penjdeh was in danger.
tlie aggressor, but the attack was made, and meantime explanaIt would not be difficult to show that the British
tions are awaited.
Government was guilty of almost criminal negligence in
In the manufacturing districts tlie news was regarded with
allowing Russia to advance from Khiva to Merv without dismay, as a further limitation of the already restricted opera,
taking some decided action. O'Donovan had made it tions was threatened; but the main excitement was certainly
abundantly plain that the Russian occupation of Merv on the Stock Exchange. To find a parallel for it we should
was already decided upon. Merv was but a stepping-stone have to go back to the commencement of the Franco-German
war. The general depression then was certainly more acute
and Penjdeh was a needed halting place in the
to Herat
than it has been during the past day or two, partly because
onward march. This question of negligence, however, it business then was brisker than it has been with us of late,
is for the British people themselves, and not for us, to and partly also owing to the fact that there have been more
decide.
But no fault can be found with the British "bears" than "bulls'' about amongst English speculators.
Government on the score of vigilance since Merv was The depreciation in values naturally represents a heavy lossS
had recent transaction
occupied.
The designs of Russia were so conspicuously but it would have been much greater
been anything like of an average character. The settlement
revealed to all the world by that occupation that further
which begins on Monday will be awaited with some anxiety,
inaction was impossible.
In February of last year nego- as heavy differences will have to be met; but whilst losses here
tiations were opened with a view to settling the boundary are no doubt large, they promise to be considerably exceeded
line between Russia and Afghanistan.
It was finally agreed by those of the Continental Bourses. Both at Paris and Berlin
has of late been to take an optimist view of the
that two Commissioners should be'^ appointed
one by the disposition
situation, and from the latter city has been derived the support
Russia and one by Great Britain to survey the ground and
which has hitherto kept up the value of Russian securities.
to come to some agreement on the subject.
General Zele The losses there must liave been immense. Paris has not
noy was appointed by Russia and Sir Peter Lumsden was been so severely hurt, speculators there being disposed to
appointed by Great Britain. Sir Peter set out in Septem eschew Russians and^back Egyptians. They have, however,
ber and met the Russian Commissioner at Tiflis. The one quite enough to pay and, so far as can be ascertained Contitransmit some rather heavy
memorable point in the conversation was the attempt made nental speculators will have to
;
;
—
by General Zelenoy
not in Afghanistan.
—
to convince Sir Peter that
balances to this country in liquidation of differences.
It is
Penjdeh was
reported that members of the London Stock Exchange have
Zelenoy had to go to St. Petersburg made considerable sums of money.
and Sir Peter Lumsden has not seen him
Whatever expectations may have been entertained respecton the spot established ing the chances of a reduction in the Bank rate, they were
promptly dispelled by the fresh political complications, and
the fact that Penjdeh always had belonged to Afghanistan
the rate is therefore retained at 332 per cent. A reduction of
but Russia has summarilly settled the question by conThere is no new feature
1^ per cent is reported from Berlin.
quest and occupation.
Such in brief is the history of the in the market here. A quiet business is doing. Loans are
for instructions,
since.
Sir Peter's investigations
present diiTiculty.
If it should come to war Great Britain has the satisfaction of knowing that she has not provoked it.
The rights
of her ally, the Ameer, have been ruthlessly trampled
upon; her own rights are openly thereatened; blood has
very little wanted, and the range is \}4 to 3 P^r cent.
Discount rates are a shade firmer, but they are still about
per cent below the official quotation. The Bank return shows
the changes usual at this season. The distribution of the
dividends has reduced the total of public deposits by £2,707,The stock of bullion is £368,236 less, in spite of the fact
431.
that £129,000 was sent in from abroad, and the reserve has
diminished £-305,561; but the proportion is heavier than last
been shed; and reparation has been refused. If Russia
persists in her refusal to back down, Great Britain must
fight or take a second place among the nations.
Mr.
Gladstone's love for peace will not be allowed to compro- week, namely 47'03 against 41'56 per cent.
mise the honor of the empire.
The following are the present prices for money.
^
—
April
THE CHRONICLE.
23, 188S.]
499
xpon* TO tmmin
Dmh iiMrtMe nitM.
.
/i>r<tov<M<to»v
D
Lonton
1
Mar.
"
"
Dtoc'tB'M
Joint
Stock
At Tlol«
atx
7Vv« Amr
mm
TKne Rwr
Montlu irontlu Montlu Mimtlu Montlu MotUlu BanJiM. VaU, X*.»fc
Ki»- SHm- 8M« - SSa-sK*- SHWi
4
8M«8K 8M*- 3V<«- SMOSM.SMSSM 8M08H
8« «H«8 SM*3 IffiO - 3^0001 SMnom mam
8h 8H«- 8 « -3 «- 3M*3M8K2SM 8MIISK
3X *»(•- SM« - aw* - 8 a -[»ja8 aM«8
8
8
i
18
SO
sn
••
7Vad*BtUi.
BonliiHIto.
8
8)4-3)4
3
8X-8X
SH
»«
<H
8M
DM «)<-!»<
»« a5<-W<
a» 8«-8H
25.751.109
7.1«3.2t0
23,707,808
12.430.202 14,317.230
23,0t>9.70S 22,902,132
i5,ose,ei8 11,497,838
26.125.070
6.16J.43 8
24.148.806
13,382.907
22,049.270
13,043,245
25,015,643 21,498,938
23.420,315
C«tton pleO«gqo<U-Mch....y.Iii,
Unen
„,
vtatm.
1R93.
18114
4,958.70)
4,005,700
IH.083,800
0,817,200
2»,a7«,300
309,600
1,703,700
.3 monUi»... 10,(113,201
piece »ood»-Moh
0.5^^.>i00
,
...
,
„?"•"•
27,001.800
30 ,600
2.007.300
2,021,500
0.347,700
Woolen fabric*— Moll
Smpntlu
_,
..,.^
.
Worsted
t»brlc«— Moll
3 montlu
Although biuinesB has
.;
I8<)9.
i.ltl.lOO
17.4:2.000
s.3ao.soo
33,3I|8J00
3M,700
1,408.500
3,103,000
11,810,400
9,870,480
remaine<I far from actiT«, th*
still
3,004,ftOO
wheat trade has at length been galvanized into onwthlnc
SH ««» -- «K«»« «M« - 3Xnom SXnoiii aMnom
2Hi<)i2H approaching an
exhibition of animation and flrmnew. Tbo
The following return shows the position of the Bank of growing complications on the Afghan question with Rosda
England, the Bank rate of discount, the price of consols, had become so acute on Thursday that the wheat market at
the price of middling upland cotton, wheat, and the Bankers' once assumed a much stronger tone, and at Mark Lane tb«
Clearing House return, compared with the three previous following day values were quoted Ss. to 48. per quarter higher
years:
than on Wednesday. The sudden jump was solely due to the
1883.
1834.
1882.
18S5.
fear that a war could not now be avoided after the assault en
Clronlatlon excluiUng
A
*
Jt
M
Apr. 8
"
10
Brink-post bills
Publli- (Icposlta
Other ilopoalts
Ooverum't seourltlea.
2.1,8*J.77.5
H.4-)f».121
2.^.709.0.30
25.753,129
2.%747.2i).!
7.001.810
14.1ti4.5.-iO
Other Beciiritiofl
21.722.933
Res'vo of notes A coin 16,100,913
Coin and bullion in
both depiirtiuenta.. 23,294,020
Proport'n ot reserve
45%
4703
to liabilities
Bank rate...
31a p.
.,
Consols
37
3
2>3P. 0.
102>gd.
0.
95V1.
4238
3 P.O.
101 %d
45.1. 5d
P.O.
102!%d.
42s. Od.
Enit. whe:it, av. prioe
37s. 7d.
32s. 01.
Mid. Uphiiul cotton..
Slid.
55ia.
5d.
6iel
No. 40 mule twist....
O'sd.
Pkd.
9\d.
10%d.
Olearlnjf-HoHse ret'n. 79,455,000 131,501,000 107,018,000 84,280,000
The Bank
and open market
rate of discount
now and
chief Continental cities
rates at the
weeks
for the previous three
have been as follows:
AprU
Aprav.
Inttmt at
Bank
Rate.
Open
Market
~~a
Paris
Berlin
i'4.
Bank
0pm
Bank
Bate.
Market
Bate.
~~S
3
6
5
4
Frankfort
m
4X
Hamburg
Amsterdam
Brussels
SH
en
8
8
Madrid
*H
SH
«
St. Petersbun;..
Copenhajren
8
SH
SH
3
2H
4«
SH
4
e
4
6
4
& Abell report
Messrs. Pixley
bullion market
5
5
3
3
45«
8
4
4
March
a.
March
Z6.
Open
Market
Balik
19.
Opm
BaU. Market
3
S%
S
5
3
3
8«
2«
4X
4«
SH
8«
sa
8M
SH
2H
4H
SH
5
5
S
3
3
Hi
4
6
e
4
8
4
4
4
4
as follows on the state of the
:
Gold— The Bank of Enjiland Uas porohased since our
there being no demand for export, with the exception
last
of
Afghan troops by the Russian
the
forces.
Possibly if the
be smoothed over a portion of the advance may be
lost; but apart from the iwlitlcal aspect of the question, the
trade should, from a statistical point of view, show greater
firmness. The quarterly statement of stocks just issued
indicates that the supplies in London are steadily diminishing,
and no doubt the same features will be reproduced at all the
other chief ports. At the beginning of the year the stock of
difficulty
wheat
in
London was
loss
us
we have, of course,
now than was the
The quotations
for bullion are reported as follows:
to place the larger quantities afloat to
case a year ago, and also have to
This alone should fairly cover the effect of the
increased quantities afloat
and the heavier American
supplies.
It seems, therefore, that the natural tendency of
values just now should be to harden, and if our dispute with
Russia should assume yet more serious proportions, a further
sharp rise could hardly be prevented.
The following statistics show the stocks of wheat and floor
in London on April 1st of the current and past years:
£175,000.
India.
242,062
season.
.
orders for India.
Mexican dolUirs. with small arrivals, have remained steady at 48d.,
our prevluu3<|Uotation. The Tasmania takes £15,000 to tiio Straits
and £ 1>',00U to Chiua.
now
It is
remember that there is a larger American visible supply to
draw upon. On the other hand, however, the fact must not
be lost sight of that the average price of English wheat for
the season is nearly 7s. per quarter lower than it was last
some small
£9.000 In sovereigns weie takeu for River Plate.
Gold is still ooiuin.i,' from Paris, though the ejcchanjje.i are now weaker.
The Xaniar brousrht iJO.OOOfrom the Brazils and the I.ifjurla brought
£5,000 from .Vustraliii. The .Mukolyn t:>i)k £20,000 and the La Plata
£9,00 J to the Kiver Plate, and the Siitlej £iO,000 to Bombay.
Silver declined with the tadliiu exchanges from 49 'si., our last quotation, to 49"rt!l., the rate at which the arrival by the Chile mall was
sold to-d.ay. The Patasonia broauht £>5.0t)0 from Chile while from
New York there came £00.000. The P. & O. steamers take £ 1 01,000 to
374,926 quarters.
quarters— a deficiency of 133,900 quarters. A year ago the
stock was 641,393 quarters, or about 400,000 tjuarters more
than at the present time. Since the commencment of the
year the stock of flour— which is now 239,994 sacks— has
decreased about 79,000 sacks, and compared with this time
last year there is a deficiency of 3.'),000 sacks.
Against this
Wheat
1885.
Waterside
Granaries.
23H,81l
1.481
qrs.
bhls.
Flour
Flour
1834.
.
.
Bail-
^^<ller$i(le
wav«.
3,251
Granaries.
Kays.
63i.H0l
£,002
Rail-
1,797
155.814
76,988
The following return shaws the extent of the imports of
cereal produce into the United Kingdom <luring the first
thirty-one weeks of the season, the sales and average prices of
home-grown produce for the same period, and other items,
compared with last season:
DCPORTS.
1882-3.
1883-1.
1881-3.
1981-5.
Wheat
.CWt. 28.138,807 32.601 .59<J 37.956,956 30,574,4()0
Barley
8.689.879
10.331.777 10.852.958 11.018.077
Oata
8.683,374
7.271,053
5.910,000
6.416,207
1.314.164
Peas
1,066.661
1,050,525
1.169,943
1..567.837
Beans
1.578,1«8
1.022,679
2.080.885
[ndlanoom....
13.811,706 10.156,719 10.993.017 12.945,840
Flour
9,251.983 14,176,347
5.311,310
9,821,281
Supplies available for consumption (exclusive of stocks on
September 1) in thirty-one weeks:
sacks
94,693
220,994
,
Price of Gold.
Apr.
Apr.
9.
gold. fine., oz.
gold, contaln'K.
20 dwta. allver.oB.
Span, doubloons .oz.
8.Am.doubloons.oz.
77
9
The movements
9
77
77 lOX
Price of Silver.
-tpr. 9
d.
d.
Bar silver. flnfl..os.
Bar sllver.oontaln-
*BH
49
IngSgn. gold..oi.
Cake silver
oz.
Mexican dols. ..oz.
4»M
d.
I.
Bar
Bar
2.
77 105<
in the precious metals
To and from aU Countric*.
1893.
£
Imports
Do
March.
Sl:).400
3 months...
).1«».558
in
£xport!i In March.
Bo 3 months...
siLvrrR.
In M:irch.
Uniunths...,
Imports
Do
Exports in Maicb,
Do
3 months
1884.
1
£
8,S13.87.S
8.031.378
8;i4,ui.s
sdM.axg
1.2l>S.820i 2.800.401
08-',428j
80'',800
f
188S.
Apr.
2.
tm
527«
43
48
have been as follows:
To and from United
1383.
1884.
£
Statee.
1885.
£
1.247,869
2.043,155
192
4.'«),800
4.'S9,7i»
6,41 lO
1,255,002
459,7i»
31,800
887.834
288,421
742,404
2.525.3491 2.387.883 2,401,718
497.918'
9511.374 1,012,856
2.228.5351 2.4i)9.931l 2.508.590
1.92-.'.548
1,924.980
218,539
713,402
1.458
s.2as
£3,353,898.
69.435.633
60.109,631
Total
75,464,003
63.586,700
sales of home-grown wheat, barley and
oats in the leading markets of England and Wales during the
The extent of the
flrst thirty-one weeks of the season, together with the arerage prices realized, compared with the previous season, are
shown
in the following statement:
212,800
729,753
At'ge\
Ifieel
Sales.
I
$.
Wheat, ars
Barley
Oats
I
1,933,551 32
2.898.702 31
230,999 19
1682-83.
18S3-»i.
1884-85.
44.B00
The Board of Trade returns just issued for March and the three
months are'again distinctly disappointing, a further contraction of business being reported, and in the quarter's export operations there has been a loss of fully £.5,000,000 sterling money
value in the shipments of British and Irish produce and manufactures. The imports for the three months have declined
quite £9,000,000, but then in tlie case of both imports and exports allowance must be made for the much lower range of values now current than was the case a year ago. The loss in the
exports for the month is |£1,933,503 and in the imports
1881-2.
1882-3.
1883-1.
1884-5.
Imports of wheat. owt.2S,136.807 32,681,596 37,956,056 36.574,400
9.2^4.883 10.476,317
5.341,310
Imports of flour
9,821.264
Bales of home-grown. .28,451,.560 27,519,150 27,030,700 23.671,000
Salet.
d.
Av'ae
rtiet
I.
3 1.918,547 30
S 2.953,206 S3
9 276.216 10
4.
aaU$.
Prd*
<.
4,
2 1,550.468 41 S
6 1,864,965 3S10
siR.ses 31 O
b\
Converting quarters of wheat into cwts., the total for the
whole kingdom are estimated as follows:
Wheat
The
1881-3.
1883-3.
1883-4.
1894-5.
owt. 28,151.560 27,519.150 27,188,600 23.786,500
Indian
flour
and
wheat,
following are the q^uantities of
corn on passage to the
Umted Kingdom:
Alpretenl.
Wheat
qrs. 2,830.000
Floar,enaal In qrs 242.000
301,000
Maize
qrs.
'
Last week.
2,712.000
252.000
361,000
tOMtutetr.
1,893,000
303.000
104,500
1884.
3,193.009
343.000
311,000
. .
..
EusllsU ITIarket Keports— Per Cable.
The daily closing quotations for securities, &c., at London,
and for breadstuflfs and provisions at Liverpool, are repoi'ted
by cable as follows for the week ending April 34:
Hon.
.Sat.
Ttivs.
SECURITIES.
BOSTON.
Bufl.N.Y.&P.— (Oont'd)-
&
4914
4914
per oz
d. 49^18
Consols for money
961316 9ti3ie
95=8
CioneolB for acooimt
9613,6 963iB
9558
Fr'oh rentes (in Paris) Ir 78-77^ 77-9712 7805
11516 U15
U.S. 4issof 1891
115
12458
12458
12458
U. 8. 4s of 1907
Canadian Paciflc
3738
3758
37%
Clilc. Mil. iSt. Paul....
74^8
72'8
73
1212
liia
Erie, oommon stock
1258
I29I4
nUnole Central
129
I2914
PennBylvanla
55^8
55 !a
551a
(i
PUlaaelpliia & Reading
Sis
8
9258
9316
New York Central
92^
Oliver,
Fri.
4914
49 '16
19"ifi
933,,
953.6
951,6
951,6
77-75
Boston
Ul'-'e
Burl.
95
95
77-90
115
12159
37=8
723*
1268
12914
77-70
115
12478
3759
7212
12
I29I4
I
121%
3714
72%
121-2
I2914
5558
8
56
56ifl
I
Land
Tkur$.
8
8
9214
91=8
19216
Boston
Boston
Boston
Toijeka^lst, 78.
78
Maine 78
&. Albany—78
gri-ant,
&
Cam.
Lowell—7s
.
Exempt 117
—
,
K. City
Ft.
S.— 78,
merchandise) April 17; also totals since the beginning of the
week in January:
FOKEIOH IMPORTS AT NEW TOBX.
first
for Week.
Dry goods
Oan'lmer'dlge..
1882.
1883.
1884.
$2,560,161
8,715,716
$1,438,115
7,058,887
$1,849,838
6,635,203
120
$11,275,877
$8,497,002
48,185,011
»7.502,100
$18,362,301
112,223.818
$45,083,542
100,484,775
$42,611,446
98,309,988
$34,705,120
85,812.431
1.
DryeoodB
Ben'lmer'dlse..
Total 16 weeks. $160.586. 119|$145,568,317|$140,921,431 $120,517,551
In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
Bpecie) from the port of New York to foreign ports for the
week ending April 31, 1885, and from January 1 to date:
BXPOBTS FBOH NBW TOBK FOB THIS WBSS..
121
IISH
106
57
16%
la^i
923,
Vi
80
N. Y. & N. England—68. 105
113 's
78
N. Mexico & So. Pac— 78 119
Ogdensb.A L.Ch.— Oon.68
i-'ebentare, IDs
iim
Income
63
Pueblo* Ark. Val.— 7a.. 110
102 la
Rutland— 6s, let
ite
Sonora— 7s
STOCKS.
Atlantic
& Topeka
9U>li
•71
Paoitic
<fe
180
Boston & Albany
109
110
Boston & Lowell
179
180
Boston & Maine
177
Boston A Providence
Boston Revere B. & Lynn 107"
—
16 U
Concord
Connecticut River
Conn. & Passumpsic
Connotton Valley
Det. Lansing & No., pref.
Eastern, Mass
Fltchborg
Flint & Per© Marquette.
Preferred
Fort Scott* Gull
Preferred
Iowa
Falls
&
186 's'
76
1.
19>!!
Itt't
llii
1414
80
92
i'30"
Sioux City.
&
Rock
Ft.
1883.
1884,
1885.
!
Soli
Metr*)politan
For the week..
$6,000,121
91,184,370
Prey, reported.
$6,186,773
106,100,917
$5,157,159
85,321,193
$6,109,604
98,658,125
Total 16 weekg.l$100,190,491 $112,287,6901 $90,178,352 $102,768,029
The following
shows the exports and imports of specie
at the port of New York for the week ending April 18, and
aince January 1, 1885, and for the corresponding periods in
1884 and 1888:
EXFOBT8 AND IXPOBTa OF gPBOIB AT HEW TOBK.
table
Bxportt.
Qreat Britain
France
Since Jan.X.
Week.
West Indies
Mexico
Bontb America
127,194
10,770
137,875
77,400
20,500
$4,507,663
27,108.884
121,250
$31,884
614
All other oouutrles.
T«tal 1885.
Total 1884.
Total 1883.
$127,191
5,li0.137
31,000
163
222,817
15,514
119,046
2,971
1,30?,907
9,325
$4,679,894
1, "46.916
1,714,350
Silver.
Summit Branch
Worcester * Nashua
13
Wisconsin Central
12^1
13
3H,
$293,750
West Indies
Mexico
South America
All other countries
Total 1885.
Total 1884.
Total 1883.
.
.
8ii,000
•379,750
121,135
155.970
$3,982,938
1 45,396
58,677
115,394
4,235
402,521
$4,709,184
4,<:88.58J
5,188,611
$24,332
76
21,605
3,154
91.577
$119,636
56,312
49.706
102,816
157.920
167.920
4,608
20
57
52
2d preferred
Delaware* Bound Brook I26I4
,
East Pennsylvania
Elmira * WilUamsport.
"io
66
—
—
Pliila.
Trade.
—
Pliilatlelphia
*
*
Erie
Pitts. Cin. ASt.L.— 7s....
B.— 78.CP
Pitts. Titus.
Potts.- 7(
ShamokinV.
Shen. Val.-l8t. 78, 1909
Qen'l 68, 1921...
Income, 68, 1923
Income, 58, 1911
Erie— 1st, 7s.
Sunhury
1st, 6s
Sunb. Ha?..
2d, 68, 1938
Syr.Oen.A Corn.- l8t. 78
P.1C.— Ist. 68,1906
Tex.
Cousol., 6s, 1905
Titusv.- 1st, 78.
CiUou
United N. J.- Conft.63,'91
Cons. 6s. gold, 1901
Cons. 68, gold, 1908
Geu., Is, KOld, 1923
F.— Ist, 78, '96
Warren
A
A
A W.—
1896
21
07=4
120
30
26
98
121
36
130
30 14
102
80
85
ibf
73"
73
35
101
102 >9
108
—
50
50
60
50
RAILROAD BONDS.
& Chart.— Ist...
A
&
6
13
111
86
101
8s,
63,
58,
58,
119'4
'
Isi-V
The Ontario Silver Mining Company has reached its 106th
dividend, including that for March, which is payable ($75,000)
at the company's office, San Francisco, or at the transfer
agency of Lounbery & Co., 15 Broad Street, New York.
BeMd'e Del.- lst,6s,1902 120
Attention is called to the annual meeting of the shareholders of the Canadian Pacific Railway at Montreal on May
Buff. N.Y.& Phil.— l«t,68
2d, 78. lilOS
t:on8. 63. 19-Jl
9U
101
68
29
66
26
1900, A.
'85, J.AJ.
AO
gold. 1000, J.AJ....
96I4
oeia
72
70
10214
102
117i«
117
106
1031a 1041a
12213
122
Union RR.— l8t, gua.JAJ 115
Canton endorsed
100 1« 101
Virginia A Tenn.— 58
120
88
—
101
101
110
100
06
Per share.
86
101 ig
1061a IO713
Bait.— Iste,
Series A
Series B
Pittsb.ACon'eila.- 78JAJ
.
lll<s
Aug.— Ist.. 107
2d8
No.Central— 6s,
8=4
1908
Ist.es, I90i...
Consol.. 6s, 1913
Wash.
Columbia* Greeuv.— Ists
&
1893.
\6S"
49^
2d8
3d8
.
2d, 68, 188.'5
3d, 6s, 1887
t^oi.
2d
Cin.
4218
Inc. 78, end., coup., '91
Pittsli.— Ist.Ss
126
8314
Atlanta
Inc
T't
Lehigh Navigation
Pennsylvania
Aliegh. Val.— 7 3-lOs, '98
78, E. ext., 1910
80
BALTIMORE,
Western Maryland
19
1081:
CANAL STOCKS.
i
81
CANAL BONDS.
Ches. A Del.— 1st, 63,1886
Charl.
£x-diviilend.
76>a
38
30
19
Gen., 7s, coup.. 1901
Companies..
Gap— l8t, 78.
75--4
123
113
Balt.&Ohio— 68„'86A.AO
Cen. Ohio.—68, l8t,M.AS.
ist, 68, reg.,
95
W.JerseyAAtl.- l8t,68,C. 108
Western Penn.— 68, coup. 106
*
RAILROAD BONDS.
116
122
122
&
—
Westchester—Cons. pref.
West Jersey
West Jersey & Atlantic.
•
2d, 78, coup., 1893.
Cons., 78, reg., 1911
Con.s., 7s, coup., 1911 ..
Cons.. 68, g., 1.B.C.1911
Imp., 6s, g., coup., 1897
Gen., 68, g.. coup., 1908
Gen., 78, coup., 1908
Income, 7s, coup., 1896
Cons. 5s, l8t 8er.,o.,1922
Pref
*
Schuylkill Nav.. pref...
107 "a
124
I'JG
2d pref
Parkersburg Br
Central Ohio Com
Pittsb.Cln.* St. L.— Com.
Bell's
Cons., 6s, coup., 1905...
Cons.. 08, reg., 1919
Pa. A N. Y. 0.-78,1896
128
128
122
67
Atlauta A Charlotte.
100 180
Baltimore A Oliio
80
63 Hi
51 14
Non-iatown
Ger.
N.Y..
Phiia. Newtown
Pliila.* Reading
Bait
Phlla. Wilm.
Ashtab.
—
Gen.,68, cp., 1910
Con8.,6.s, reg.. 1905...
93
ibo'iioo34
Ist pref.
Preferred
Northern Central
North Pennsylvania
1.740.768
&
Oil CitvAChic- l8t, 8s.
Oil Creek— Ist, 68, coup.
Penu.sylv, Gen., 68, reg
i26ia
RAtLR'D STOCKS. Par
56
60
50
sclmylkiU
* sch. Haven...
Nesqueliouing Valley
Norfolk * Weat'n- Com,
Penn.sylvania
called to the card of Messrs. Thompson
Richard in to-day's Chronicle. This young and active firm
has members at both the New York Stock and Produce Exchanges, and they buy and sell stocks, bonds, grain, provisions
and petroleum for cash or on commission and margin; they
also have direct communication with the Chicago Board of
is
Preferred
J.
121
128
105
?95
ad, 63, reg., 1907...
Little
United N.
No. Pcnn.-2d, 7s, cp. '96.
Gen, 78, 1903
Debenture 6s, reg
Norfolk A West.— Gen.. 68
N. R. Div., Ist, 68.1932
N. Y. Phii.A Nor.— let, 6s
Inc., 6s, 1933
61
Lehigh Valley
$457,702
1,127.449
Of the above imports for the week in 1885, $34,744 were
American gold coin and $19,996 American silver coin. Of the
exportsduring the game time, $5,694 were American gold coin
and $136,000 American silver coin.
126
Lehigh Nav.—68,reg.,'81 108
Mort. RR., reg., 1897 ., 118
Cons., 7s, reg., 1911 ...
Pennsylv.- 63, cp., 1910.. '83'
Schuylk. Nav.— l8t,63,rg. 107
Broad Top
Minehili
126
I3512
1923..
N. O. Pac— 1st, 6s, 1020.
63, P. B.,
Preferred
Catawissa
4
1910
CAR.,
Ist, 78, 1899
Cons. 68, 1900
—
1st preferred
82 13
West Chester— Cons. 78.. 123
W. Jersey— Ist, 68, cp.,'98 115
oap
Preferred
Cons. 6s,
A
Allegheny Valley
Ashtabula & Pittsburg
Buffalo N.Y. A PhU
Preferred
Camden & Atlantic
2d, 78, reg.,
&
Preferred
Bell's
10213
111
IthacaAAth.— 1st, gld.,78
A
19 >9
Rutland— Preferred
Preferred
Great Britain
France
German..
13th.
116
165
158
old Colony
49
Ogdensb. * L. Ciianiplain
Portland riaco * Portsm
Hnntingd'n
—Attention
19»8
RAILROAD STOCKS, t
Since Jan.l
1,412,991
2,906,555
4,208,026
,
15
19=8
Preferred
$11,300
9,362
Germany
Nashua* Lowell
N. Y. * New England ..
Northern of N. Hampsh
Norwich* Worcester..
14 '8
PHILADELPHIA.
Importt.
Bold.
Week.
!
Mexican Central
100
Conv. 78, cp. off, Jan., '85
Phil.Wil.ABalt.^s,tr.ct
j
1882.
110
i;6>a
Cons. 5a,2d8er..c.,1933
Conv. AilJ. Scrip, '85-88
Debentuie coup., 18931
Scrip, 1882
Conv., 7s, R.C., 1893..*
66
36
Smith.
Louisiana* Mo. River.. 513
?
Preferred
Maine Central
Marq. Hought'n* Onton.! 20
Pref erreil.
Little
ElAWmsp'tr-Ist.es, 1910
58, perpetual
Harrisb'g— 1st, 6», 1883.
H,*B.T.-l8l,7s,g.,1890
Cons. 58. 1895
117
Perkiomen— 1 st, 68.cp.'87 93
40
Phil.AErie— lst.7s,cp.'8B 112 112=4
10 Si
Cons., 6s, 1920
ibe' ib7""
Cons.. 5s, 1920
Phiia. Newt. A N.Y.— Ist
PhU. A R.— l8t,88, 1010.. 120
llS^a
Kan. C. CUu. & Spriugf'd
Kan. C. Springf. * Mem.
124
coini
Connocfg 63, cp., 1900.01
Cor.Cowan* Aut.,deb.6s,
Delaware— 6s, rg.* cp.,V.
(Del. A Bound Br -Ist. 78 126
East Penn.— 1 st, 7s, 1888
7,1906
56 14
west Michigan..
Clnn. Sandusky & Cleve.
Chic. <t
108
I.eh.V.-lst,68,C.AR.,'98
Old Colony— 7s
Atcliison
&
78, reg.
107 13
111
EastonAAmb'y- 58, 1920 108
"5734
Mexican Central—78
Income
Cheshire, prelerred
$1,426,108
6,075,692
New
Vi6">a' 18
Cambridge
1885
1
106 ij.
89 i.
Scrip
Imports and Exports for the Week.— The imports of last
week, compared with those of the preceding week, show
a decrease in both dry goods and general merchandise.
The total imports were $7,503,100, against $9,601,817 the preceding week and $8,046,546 two weeks previous. The exports
for the weekended April 31 amounted to 16,109,601, against
$5,783,351 last week and $6,450,710 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) April 16 and for the week ending (for general
Cam. 4 Burl. Co.—6s. '97.
Catawissa— 1st, 7a. con. c.
Chat. M., 108,1888
109
120
Ist 109
& Mem.— 68
isjid
& Atl.— l8t,78,g.,'93
2d, 6s, 1904
Cons., 6 p. c
Nel>raska. 6s.Non-ex'pt
Nebraska. Is
Conn. & Passumpsic 78.'
Connot ton Valley —68
East'rn, Mass.— 6s, new..
Fort Scott & Gulf— 78
K. City Lavrr. & So,-68..
K. City St. Jo. & C. B.— 78
&
19-i2
lis,
W.— Gen.,68
& Ambov— 68. c.,'89
Mort., 6s, l889
Cam.
A Providence- 78
& Mo.— Ld. gr., 78.
Nebraska, 6s.
Tr.
Ist.
Bid.
Bnff.Pilts.*
.
68
Little R.
®0mmerciaX antX putscellattcoiis P-cius
122 y.
121
—
&
4
and Baltimore.
SECt RITIES.
Wed.
XL,
[Voi-
Qaotiitions in Boston, Philadelphia
Atch.
London.
—
.
THE CHRONICLE.
600
Total
Since Jan.
—
.
i
W.Md.— 68,
Ist. g., J.
2d, guar., J.
A
* J.
106
2d, guar. byW.Co.,J.AJ
6s, 3d, guar.. J.AJ
Wilm.C A.Vug.- 88
Wii.
t
*
In default.
Weiilon— (jolii. 7s
Last price
tills
lis
122
Wddk.
:
.
April
;:
THE CHRONICLE.
25, 1886. J
501
Coing.— The following are quoUtlonii in gold for ranoiu
ooina*
—-'-"" "•
Sovereigns
n4 •94 88
f4
niT«r Usand 1m. - M%9 par.
Napoteons
0IV10BN08.
a au • 8 90
Belchmarki. 4 74
4 78
XOtUlders
3 96 9 4 00
Soan'liOoabloons.lB 3& •is 73
Jez. Doubloons. .15
«15 65
F Jia silver bars
1 08
9 1 08 >t
Flnegoldbars
pnrAUpreni.
Dimes <k >« dimes. — 0U%a par
XZ
Tbe following dlvldeadB have recently been annonnoed
ft.*)
Per
Name of Oompany,
cent.
Book! Oloied.
{Day$ inclutive.)
lfA«n
Payable.
Railroad*.
BostuD lb M nine
Boetou A ProvUlpncc
MancUcstcr A- Lawrence....
May 1&
1
May
May
I
April 24 to
April 19 to
April 18 to
10
May
May
April 2S to April 30
April 22 to Aprtl 30
2
iMay
Banka.
National
aty
Union National
mucellaneoaa.
Pullman Palace Car
(i|nar).
NEW VORK, FRIDAY. APRIL
May
19
31,
among which the settlement of the heavy suits against the Missouri Pacific may be mentioned as one of the most important.
The result of these suits will encourage stockholders to appeal
when they feel that they have clearly been injured
by unjust proceedings; and not only in these cases, but in
many others, the decisions have been of such tenor as to show
that the Courts will give stock or bond holders their equitable
rights, if they only fight for them with vigor and determination.
On the other hand, nothing is more condemned by respectable
bankers and stockbrokers than sham suits trumped up for purely
to the Courts
speculative purposes.
There are a number of railroad matters yet unadjusted which
are being settled up from time to time, and as each one of these
gets out of the way the atmosphere becomes clearer.
The Missouri Pacific settlement is referred to above the Ohio Central
road was sold in foreclosure last week the Union Pacific debt
to the Government has just been paid the Pacific railroads and
Pacific Mail will probably come to an agreement before June
the Philadelphia
Reading imbroglio is approaching a
1
climax which will at least put an end to the suspense and
the West Shore reorganization movement is a step in the right
direction, for even the agitation is better thwi the previous
stagnation.
Rates for call loans during the week on stock and bond
collaterals have ranged at 1®!^ per cent, and to-day at the same
figures.
Prime commercial paper is quoted at 3J@4| per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £335,24.3, and the percentage of reserve to
liabilities was 48i, against 48 last week; the discount rate
remains at 3^ per cent. The Bank of France gained 9,897,000
francs in gold and 2,129,000 francs in silver.
The New York Clearing House banks, in their statement of
April 18, showed an increase in surplus reserve of $1,988,450,
the total surplus being |50,393,575, against $48,405,135 the
;
;
;
&
;
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
Previous
TTee/s.
1884.
April 19.
Loans and dts. $301,963
ftoeole...
Caroulatlon .
Netdepoeits..
.
Legal tenders.
Legal reserve
Beeerve beld.
orpins
$50,393,
$624,275
Exchange.— The
sterling exchange market continues duUand
firm, the posted rates having been again advanced ^ cent on
Wednesday, to 4-87 and 4-89. Commercial bills continue in small
supply, which fact is one cause of the strength of the market.
To-day the rates on actual business were as follows, viz.
Bankers' 60 days' sterUng, 4 8G}@4 80 J; demand, 4 88i®4 88i.
Cables, 4 88J@4 89. Commercial bills were 4 84i@4 85. Continental bills were
Francs, 5 30|@5 21 i and 5 ]8}@5 19f
reichmarks, 94J@95 and 954@95*; guilders, 40i@40f.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day Savannali, Duying
-I premium, selling f premium ; Charleston, buying i premium,
selling 3-16@i
premium; Boston, 5(gil0 discount; New
Orleans, commercial, 125 premium; bank, 300 premium; St.
Louis, 75@90 premium ; Chicago, 25 premium.
The posted rates of leading bankers are as follows :
:
:
April 21.
Prime bankers'sterllng bills on London..
Prime oommeroial
Documentary oommerolal
Paris (francs)
Amsterdam
(guilders)
Frankfort or Bremen (relohmarki)
Demand.
Sixly Days
4 87
4 83<9
4
n. 8. trad* dollars
U. 8. sUver dollar*
9 -
84
— M%
9
I
4 89
85%
fi2li4
4018
!<4''s
5l84t
40!%
9S>"
-
par.
United States Bonds.—The marlcet for government boada
hos been quite strong and a<lvancing, and Ium
at tlmw riioini
considerable activity during the past week.
The closing prices at the N. Y. Board have been a* followi*
"r
93.
I
4las,1891
4>«S.1891
11211 MI3<«
'112>i*ll2><
1907
4s,1907
4s,
132>s'l22
122<«
102 J'loa
127 '127
120 :»120
131 i'131
133i«*l33>a
135 |M35
122>«
3s, option U.S.
«8, onr'oy, '95.
68, oar'cy, '96.
tfs,
'
Afrit
I
—
IHff'er'neesfr'm.l
dollars..
aneominero'l.
Perarlansolea....
S2.
markets have generally been dull this week, although it is
to be observed that the gonial spring weather, really the first
of the year, will do much to stimulate commercial business
throughout the country.
In railroad alTairs there have been a few points of interest,
188.5.
18.
— 09 9 .Tm
— 84>«» - 85
— sau* — —
— 77>49 — 7*
lurUah silver.... 4 78 9 4 84
Do
AprU
cial
April
. .
-
FIT* franea
Mezloan
2 to
1885-3 P. »I.
The Money Market and Financial Situation. The finan-
;
—
—
our'oy, '97.,
69, onr'oy, '98.,
68,oar'cy. '99..
This Is the price bid at the morning board no laU was mads.
V. 8. Snb-Treasury.-The following table shows the receipt!
and payments at the Sub-Treaaury in this city, as well aa th«
balances in the same, for each day of the past week :
*
;
Balanee*.
DaU.
Apr.18.
" 20.
<»
'
"
"
21
22!
23.
24.
Total...
Paymentt.
Beeeipts.
1,002,5.18
71
Coin.
37
92
34
42
77
60
720,176 61
1,200.350 35
858,203 12
1.394,312
1,200,326
1.015.573
392,825
1,224,891
987,812
6.349.995 24
6.715,772 42
1.429,855 98
1,139,S50 41
State and Bailroad Bonds.
Ourrency.
$
140,310,255
140.374,475
140.683.970
140,481,831
140.125.411
139.971,333
«
16 22.634.606 82
0-il22.819,915 91
76 22,633.697 33
41122,603,187 87
66122,995,266 80
63.23,019,704 :f
—
In State bonds the only feature
was the decision of the Supreme Court requiring the State of
Virginia to accept coupons in payment for taxes, &c., which
sent up the bids for Virginia consols ten per cent.
The sales
for the week were as follows: $1,000 Missouri 63, 1886, at 104J;
$1,000 do., 1887, at 106^; $2,000 do., 1888, at 107; $105,000
North Carolina special tax bonds at 4-5-4i; $10,000 do. 6s,
compromise bonds at
1919, at 109^; $45,000 Tennessee
54i(g|o5i. and $1,000 Alabama, Class A, at 89.
Railroad bonds have been quite active and almost uniformly
strong throughout the week, with notable advances in the
securities of some of the Gould roads. Missouri Pacific consols
rose to 103J on the announcement of the settlement, by compromise, of the famous suits against the company they close at
101 against 95 last Friday do 3d mort. at 113i against 110. Erie
3dsand West Shore 5s were almost entirely neglected the former
close at 54f against 54J, and the latter at 29| against 291;
Missouri Kansas & Texas general 5s close at 59J against 58;
do 68 at 75 against 72}; do consol. 7s at 106} against 105};
Oregon Short Line Ists at 90 against 85J St. Louis & Iron
;
;
;
;
Mt. 5s at 73 against 7if ; Atlantic & Pacific Ists at 73} against
69}; do incomes at 16 J against 15}; Kansas Pacific Ist consols
at lOOi against 94^ Chesapeake & Ohio series B at 59J against
64; do currency bonds at 16} against 17J; Lake Erie^ft
Western Ists at 65 against 80.
Railroad and Miscellaneons Stocks.—The stock mailTet
the past week has been comparatively quiet and no feature *f
The general
conspicuous importance has been developed.
course of prices has been irregular, the Gould stocks beHtg
strong and some of them advancing materially, which
led to the supposition that Mr. Gould himself had a share^in
the movement.
On the other hand, the grangers and Vanaerbilt stocks have been rather drooping.
The principal bull card is still the war news from Eutofte,
though it has been followed with less interest the past 'W&k
than formerly. The bears have relied much upon the reports
of heavy rate cutting in freights west from Chicago, and tbese
reports have been persistently reiterated, though a strong suspicion prevails that they are exaggerated by operators in Ciucago
who are short of stocks in this market. They have had the
effect of depressing the grangers, however, and the Omabas
declined quite sharply in consequence.
As stated above, the Gould stocks have been conspicuojwly
strong, Missouri Pacific advancing on the announcement of ^a
;
final settlement of the two great suits affecting the company, which
disposes of the long litigation questioning the validity of its
title.
Union Pacific and Pacific Mail were also strong, and tb«
impression generally prevails that an agreement between these
companies and the other Pacific lines will lie effected, as tha
present arrangements have been extended by con,scnt till June 1.
The Oregons and Northern Pacifies were sharply advanced on
Thursday, "on the nimor that negotiations were in progreas looking to the lea.se of Oregon Nav. to North. Pac. ; but they reacted
a little when it was found that the rumor was rather premature.
To-day, Friday, things were very dull, and weakness wa»
the rule throughout the day. In the last hour the Oregona
turned sharply upward (to 75 for Navigation) and Northern
Pacific preferred was firmer at 40.
.
.
...
:
THE CHRONICLE.
502
[Vol..
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING APRIL
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday,
April IH.
Monday,
Tuesday,
AprU 20.
April 21.
RAIL.ROAUS.
90
*84
37
-30
—
Chesapeake AOhio
Istprel..
2ilpre(...
& Alton
CMcftgo
S5is 3534
31 1« 3n8
*3-8
6
35I4
•SHl
*8ia
•5
&
Chicago MUwaultee
Do
Paul
St.
prot
&
31%
'S'^a
70>3
891a
•64
3534
•291a
...
,
36I4
*293a
361a
•91a
lOia
•10
11
10
36i8
3214
3514
3534
36I4
32
•4
5
4
33
4
35% 36I4
31% 31%
8
8
'a
6
7^8
435
3534
31'f
6
8^4
35
6
3134
12134 1201a 122
6934 71
69'b 71%
103 103 1._ 105 103 la
94% 963
93 la 961a
1311a 1311a
1127ell3i4 11234 113
8I4
8I4
•7
8 la
19
161a 161a •13
2114 2^
181a 211a
731a 80
791a 81 14
32
32
311a 311a
•36I4.....
3334
311a
4.
8
7'«
4%
30 13
32
4
8
301^
301a
10
*3%
8%
-5
8%
Bia
138
138
121
121%
7014
10434
9434
1213a I22I4 1211a 121%
70% 701a 7II4 70% 71
105 14 105% 105% 1031a 104
96
95 la 96
94% 95%
I31I3 1,30 130
'130
130
113
1121a 113% 113% 113
9
81a
81a
•-a 81.^
17 13
30
171a 171a •IS
20
19% 201a 20 14 201a
78
78
7634 7"
781a
•30
31
80
130
pre*. 133
Do
1121a
Chicago Bock Island & Pacilic 113i.ill4i2
*7
Sin
•71a
Chicago St. Louis & Pittsbnrg
•15
19
171a
prcf
Do
21 J4 23^4
19%
Chicago St. Paul Minn. & Om
76
80
82
pref.
Do
29
33»8 33^
Cleveland Col. Cin. & ludianap.
140 140
Cleveland* Pittsburg, guar...
Colnmbia & Green villo, pref...
Delaware Lackawanna *fe West. 105=8 1 OS le 104 "a 10534 104%106i4 1041a 103% 1041a 105 14 1041a 105%
Denver* Rio Grande
Dnbnnue & Sioux City
East Tennessee Va.
Do
Evansville
&
638
'3^
334
31a
31
61a
63,
&
Panl.
St.
leased line
SHi
18
16
125'8l25'j
Long
Island
Louisville & Nashville
Louisville New .Vlbaiiy & Chic
Manhattan Elevated, consol..
Manhattan Beach Co
Memphis A Charleston
ll"a
71a
*
Sli.ire
Wesfrn, pref.
&. St. Louis
lOia
lOia
634
7'4
BS'i
•71
72
72
30=8
•23
3Ht
30=8 311,
83 14
"85" "85
bo's
151a
15>a
llSia...112
55
65 Is; 5438
•32 la 3313
331a
54%
184 18»e
9218 93 14
•6
•6
9
•122 1231a 122
PJssex
•38
39
Naahv.Cliatt.'uioosa* St. Louis •
New York Central & Hudson.. !)0 9038 90
.
prof
A
88
1214
12%
Do
Do
391a
901a
Bt.
Paul
A
2
0I4
418
89
88
12 '4 12%
12>4
39 14
171a
3934
•%
's
11%
17 14
39
A
11 '«
12%
121a
31
86
IS
I8I4
1834
94
95',
2
5
4
40
90%
'"4
12%
12% 12%
I2I4
I2I4
Ilia
11
13
1814
19
191a
17 1» 17 14
39
3934
13
12
16
128
%
126
8
59%
71% 71%
31
31%
83»«
85%
13
17
39
a%
6%
17
39%
20
•311a
•79
33
82
80
80
00
•23%
18% 18%l
93%
•6%
95
10%
Ilia
12
12
16
16% 16%
11% 11%
•11% 12%
16
16
86,560
1,663
200
615
600
300
3,200
72
261a
S334
i",3l6
1,206
13
23%
18%
95%
4%
12% 12%
19% "19%
300
1,000
89% 89%
•12
7%
•2
19
19
17%
39% 40%
•%
700
17% 1734
39% 40%
%
%
1,030
30.469
380
450
20%
20
11%
131.^
12% 13%
I314
•1534
I314
-12
16%
16
20
13%
16
23j
19
211a
2134
•2 la
23,
•1834
20
21% 21%
•234
2"
21%
•23,
2134
3
22
2%
234
834
1,000
1,010
3
86%
10% 10%
48% 49%
84
47% 48%
8% 8%
8%
85
86
10% 10%
48% 49%
3
3
19
32
79% 79
125
60
•'i
290
900
87
87
10%
48%
2%
1034
4934
10=4
4834
1034
2%
2%
2%
9
8
9
Dist. Tel
Tel. A Cable Co
Bankers' A Merchants' Tel..
Colorado Co.al A Iron
Oonaolidated Gas Co
Belawjire A Hudson Canal. .
Hntnal Union Tel
3
IOI4
66
66
'2
3
•6334
•2
•10% 11
84
83
83 la 8434
56%
3
10% 10%
841a
85
85
84
8I34
83%
•65
66% 66%
•2
3
10% 10%
86% 89%
81
82
28
28
*2
3
10% 10%
88% 8934
81% 82%
•2
•10
49%
1,010
219,405
260
368
8
50%
133
3
11
320
89% 90
81% 82%
66
67
64%
5434
531a
114
115
•4
5
•23 la
pref
•4
•25%
30
57% 68%
Western Union Telegraph
EXPRESS.
131
92
American
INACTIVE STOCKS.
Atchison Topeka A Santa Fe.
Chicago A Alton, prof
Cincinnati Sandusky A Cleve.
Columbus Chic. A Ind. Centr'l
Danbury A Norwalk
Keokuk A Des Moines
Louisiana A Missouri River
New York Elevated
111
67%
93
111
x09ia
53
109
69%
691a
65%
56% 66
t54%
116 115
115
"4
6
6
•25% 30
SO
68%l 68% 58%
65%
115%
I
58%
27
67
320
273,
73
64% 65%
71
75
54% 55%
117%
11534 117
-4
5
116
•25% 30
•25% 27
68%
68'4
135 •134 ...
•134%
135 13S
93
^92% 93% -92
93% 93% 93%
64
•52
64
63% 63% 53
53
110%' 110% 110% •109 110
110 110%
135
93
....
54% 64%
United States
Wells, Fargo A Co
•4
68%
9,125
110.461
1,600
5
5334
Canton Co
134
•92% 93
•52
109
53
110
7934 Jan.
9% Apr. 8
41 Mai. 21
3% Apr. 16
Mar.
11% Mar. 26
56% Apr. 22
Mar.
Jan. 3
6934 Jan. 29
4634 Mar. 21
107% Jan. 2
4% .\pr. 7
21
*>a
.
*%
l-a
1%
•%
1%
•34
1%
1%
Jan.
Jan.
Jan.
'
% Mar.
Jan.
10
H
23
!
23% Mar.
130
•136
132
15
40
19
10
.140
.,„
,
534
100
60
534
10
19
etandard Mining
are the prices bid aud aaked
;
no
sale
was made at
tlie
Board.
1634
6
18
42
37
4%
17
14
37% 67%
t
Lower price la ex-dividend.
4
J,an.
22
Jan.
1(1
:
Feb. 13
Feb. tt
Jan. 30
7% Apr. K
534 Apr. 18
17
Pob. 7
l%Mar. 20
:
;
15
Apr. 13
31
34 Feb. 20
75 Apr. 21
62% Mar. 9
117 Apr. 23
43, Mar. 30
30 Jan. 30
6334 Feb. 10
96
11% 29
24% 60
96%
70
15
65
3334
90
78% 99
6% 22%
84%
28
4
1934
32
61%
12734
17%
67
10
114
17%
834 65%
6034 112
31
90
3'4
67%
117
6%
137
102
Mar.'20
Jan. 29
Feb. 37
1
184
21135 Jan. 28 125
87
3i 93%.\lir. 23
Apr. 7 46
2| 55
98
2.111 Apr. 10
2
2% Feb.
28%
71%
17%
34
3(1
50
20
94
20
49
Jan.
53% Jan.
67%
58
122%
10%
134
Jan. 12
80% Apr.
87% Jan.
6934
127%
7
4
Jan. 8
1334 Feb. 24
9434 Mar. 12
Jan.
240 104%
80% Mar. 18
90% Mar. 16
13% Feb. 26
51% Feb. 10
5% Jan. 7
14
Jan.
48
Feb. 25
Apr. 24
66% Jan.
147
23
Ontario Silver Mlnijlif
* Tliese
3934 Jan. 8
87% Jan. 10
24 Feb. 27
Feb. 6
Apr. 23
79% Apr. 15
21 Feb. 26
77% Feb. 7
130
Iff
Consolidation Coal
New Central Coal
21
31
30
23,926
Virginia Midland
Homestake Mining Co
Maryland Coal
IS
2% Mar.
4,009
12,032
4434
1-;
44% Jan.
19 Jan.
2% Mar.
17 Jan.
17% Apr.
8
80
94%
4%
2
Jan. 14
14% 25%
1134
6
Mar. 19
834 24
20% Apr. 23
14% Jan. 2
?-* 34%
1734
15% Feb. 27
19 Jan. 2
16% 60%
138% Apr. 17 119% 135
139 Apr. 20
143% Apr. 21 138 146%
2% 6
31.J Jan. 17
61
32
54 Mar. 9
32
26 14 Mar. 11 12
16%
4
Mar.
l'<
34
19 Feb. 20 14
60
25 Feb. 20 18
Jan.
10
61
35
24
40
105
19
12
1034 Apr.
8
20%
1934
10434
134 Jan.
12% Apr.
14% Mar. 21
Oregon Improvement Co
Oregon Railway A Nav. Co.
PaofflcMaU
Pullman Palace Car Co
Qnlcksilver Mining Co
Do
-2
IOI4
.
70
31
81
871a 871a
10% lOia
Mar. 16
8%
7% 18%
30%
17
9% 23
03% 100%
G% 13
Jan.
44
% Apr.
12 Apr.
13% Mar.
210 119% Feb.
100 120 Mar.
229 136% Jan.
300
31
234
MISCEI.I.ANEOUS.
Jan.
36% Jan.
900
17% 17%
•18% 19%
•78
22
5134
31
Feb. 20
Feb. 20,
6
3 Feb. 28
8 Feb. 20
2534 Feb. 26
19% Feb. 26
1,500
100
22
2=4
7|
13% Jan.
134 Feb.
22
10
23
85
197t Apr. 23
14% Mar.
14,175
10
8
20
8
Apr. IS 175
30
186
61
200
61
140
86
64% 79
IS" Mar. 3
Apr.
9
•20%
Miir.
14%
78%
62
22% 51%
97% Feb. 10
9% Feb. 25!
122% Apr. 16 113
43% Feb. 37. 30
95% Feb. 33 83%
4
5% Jan. 8
934 Feb. 17
7%
89% Apr. 24 83
1434 Jan. 6
11%
% Jan.
4 % Jan.
19
15
9
6
69%
93=4 Jan. 30
29%
1
19
44
33
133%
6% 25%
82
62
8%
3
24
Feb. 21
13
20 leb.
12 Jan.
20 175 Jan.
410
034 Apr.
7%
2%
8634
10|
343j Fob. 20
3,115
I4214I4214
10% 1034
46% 48%
Pacific
pref.
4
11% Feb.
33
Feb. 13
0'
Mar.
War.
84% Jan.
125% 141
37
9
64% Feb. 24
84% Jan.
305
11
5
14% Jan.
3,020
80 3< 100
09%
28
25,
21'
67% Feb. 35
73% Mar. 31
33% Feb. 27
27% Feb. 20
86% Apr. 181
15% -Uir. 20:
100
19% 19%
•714.-.
•2
2%
•534
6%
19
18
...
21''(
J.in. 161
17
15
2
94%
13%
6
16% 35
38%
61
27
23
14% Feb.
Jan.
17
95 't 119
13
81% 124
20 117 149%
14 100% 12634
434
Mar. 3,
Mar. 20 30
3%
4% .4pr. 33
200 Mar. 24 185
30 Jan. 14 20
137 Mar. 14 110
88% Feb. 17 70
Jan.
Jan.
134
58I4
12
62
400 11434 Jan.
100 33 Jan.
47,724
61a
'
8
Apr.
6734
IS
Mar. 27
4% Mar.
7% Jan.
89% 89%
6
9% 28
12734
10
65
68% Apr.
89%M.ar.
12
140%
109% Mar.
Jan.
30,703
17,926
58%
57%
Apr. 22 118
9S34 Apr.
134 Feb.
11634 Mar.
9
Mar.
19 Fob.
29 Feb.
911. Feb.
38 Feb.
140% Apr.
20 Jan.
10% Apr.
100
300
700
80
125% Mar. 14 107
70% Jan.
Apr.
Jan.
14% Jan.
82% Jan.
6% Apr.
55 Jan.
234 Jan.
4% Jan.
37% Jan.
3 J.ln.
190%J,an.
14 Mar.
90 Jan.
64 Jan.
32 Feb.
10%J,an.
23 Jan.
SO
Feb. 26:
Jan. 15'
108
Jan.
11% Jan.
27% Jan.
2434
8
11
Fob. 25
8
138
6% Mar.
65
3|
634 Feb. lol
12%
18% Apr.
75% Apr.
62
22
60
39
4
Feb. 20
Feb. 12!
30
Apr.
Apr.
Apr.
11% Jan.
88
33
8934
26% Jan.
634
Low. High
13% Mar. 12,
16
41% Mar. 9; 87% 90
Mar.
84
4,935
59,660
1,090
6,552
54% 65
11%
25%
18%
94%
934 Mar.
Feb.
7
15
Feb.
85
11
29
100 134
402
8%
591.
-134
4%
340
260
500
38
63
44', Jan.
29% Jan.
Jan.
10,396 116% J.ln.
231,997 68% Mar.
2,338 102 Jan.
120,050 8438 Jan.
910 11934 Jan.
2,313 103 Jan.
534
7,719
9,818
1.080
For Full
Year 1884.
1885.
1,
132% Apr. 23 126 135
90 3j Feb. 3 80% 90
Feb.
Mar.
Feb.
3534 Apr.
700
3
310
7
12
4%
108 128
•1123,
651a
11% 11%
38
89
90
12
30% 30%
•23
8513
6,842
1885.
1,
Highest.
100
383 119%Jan.
20
•80
•lOia
81a
68I3
7134
81a
Lowest.
31
1291a 12912
19
•18
31a
51a
<
69
%
16
12
16
19%
•7
•2
39%
128
Manitoba •88
Pacific
Wabash St. Louis A
Do
Adams
72 14
pref.
pref
Paul Minneap.
Texas A Paclflc
.
58%
8
69 '6
73 14
31 14
•87% 89
17 14
60
100
400
Duluth
St.
American
American
126
90
231a
1534
pref
1stt pref.
Do
Union
8
•38
89
40
91
•714.
A Terre Haute
Do
Do
89%
6%
41a
-15
10% 10%
•Ola
9
1201a 12313
•2
21a
•51a...
Chic...
& San Francisco
251a
181a
9434
93%
7I2
special.
Louis Alton
19
•112
9
122
Some Watertown A Ogdensb'g
Bt. Louis
1231a
•80
"I8ii"l8i4
142 142
Rensselaer A Saratoga
Bich. A Alleg., stock trust ctfs.
Klchmond A Danville
491a 491a
Elclun'd A West P'nt Terminal
221a 2234
•23.
2',
Bochester A Pittsburg
BL
23
18
931a
231a
Rentling
Wayne A
126
•IS
6514
17
18S
171a
Pacilic
Do
17
•112>a.
18%
434
5
K.S
74
61a
•4
"8'5i4'83% •85
15
141a 141a
•2
2r'„
.
Ohio Central
Ohio & Mississippi
Ohio Southern
Oregon Short Line
Oregon tt Trans-Contiiieutixl...
Peoria Decatur A Evan.sville..
Philiidelphia
Pittsburg Ft.
•2
5
17
334
534
•11
•27
17-8
9238
1S6
•314
534
6
331a
Ohio
—
334
43,
*ll>a
Kansas A Texas
.
334
•51a
6%
30
3%
,
Pacilic
.
a%
40
pref..
New York Chic. & St. Louis
pref.
Do
New York L.ick; & Western ...
Kow York Lake Erie <& West'n
pref.
Do
New York & Now England
New YorkNew Haven & Hart.
New York Ontario A Western.
New York Susq. & Western
pref.
Do
Norfolk & Western, pref
6',
451a 431a
11
11
718
7
59 14 00
711a 711a
3II4
31
27
6%
45
4%
60
72
593,
Minneapolis
Northern
«
•14
•15
18
1261a 1261a 126
Ilia
9
59
40
Metropolitnn Elevated
Michigan Central
Do
3%
45
4»8
31a
6%
00
•3I4
«oia
p. ct.
-i
Indiana Blooniingt'u A Weat'n
lake Krie & Western
Lake Shore
MlsBouri
Missouri
Mobile &
Morris &
6I4
6I4
46
46
Illinois Central
Mil. L.
6I4
Terre Haute
& Texas Central
Do
6=8
60
Ga
prof.
Green Bay Winona
Harlem
Houston
*&
61a
2,750
JAN.
Range Since Jan.
124
88
57
891a
30
361a
31
lOia
121
721a
106
07 14
1321a
1031.2
OS's
North vrestern
21.
30
361a
•291a
*10
1361a 1301^
CMcago Bnrlington & Quincy. 120 !» 122
Chicago
10
Friday,
AprU
April 23.
•63
37
31
10
37
*29"3
Sales of
the Week
(Shares).
I3214I3214 1321a 1321a
90
31
IOHj
•*»=4
Central Iowa
Central of New Jersey
Central Pacific
Do
Do
65
37
April 22.
132
132
<fc Susauehanua
Boston & N.Y. Air- Line, piet
Bnrlington Cetl. Rapids & No
Canadian Pacific
Canada SontUern
Cedar Falls & Minnesota
Albany
Wednesday, Thursday,
AND SINCE
24,
XL.
78%
61%
116
80%
Jan. 8
62
Mar. 19 142 152
3334 Feb. 27
23% 24
3
1
1% Feb. 5
60
60 Jan. 8 60
5
6
6 Feb. 17
•M Mar. 17 19% 24
135 .4lir. 17 115 130
31
18 Mar. 3 15
46 Apr. IS 39% 40
78
W.',
Feb. 27
18
1034 Mar. 10
8 Mar. 25
8
Fob. 25
Apr. 20
Mar. 26
6
20
7
19
1%
7
14
1«
33%
11
IS
10
29
7%
I
—
i
April
*
.
.
'
THE CHRONICLE.
25, 1886.1
503
QUOTATIONS OF STATE AND RAILROAD BONDS. APJtIL 91,
TATR
BKCDRITIK8.
Xub>nik-ClMa
Bid.
H.'>
1000
ei, IO-'JOh.
ArkAu.satt— tfA,
fiiniletl
7«, I. Hoik .t VI. s.
7», Moinii..t l..Koik
—
lOU
A
IS
a
8
101
1
10 '4 los
BK.
RK.
78.1886
1890
mndtiiK
llOSi'
aOVMTIM.
T wi n i»i«8 Ooattaya-
.
18
47 ^
8*. aaw aailM, IffU
4
Cnp^mlMj^e^i,!*!! »»
WII.U.ikRu.H.
19
VlrirlnU-a«, old
B7>«
86
Ofl. tH.W. iHfttl
Oonaol. 4a, 1010
108 Si 109 >«
I'...
..
II
6a, 1919
106
ii>n.
Oltlo-6a, 1886
ti".
south OarollnaT
Oa, il«r«rr«<l
"
8a, Act iM
a
4
Dlnrlot o( ColaaiM»non.faii
108 V
S.8ftB, 1934
lis ...^
Brown cu
'^ 107
B«(l«t*r*d
Tonneaaeo—On, <...... -.i-a 47 >«
47 "a
ynndlntS*, 1899
ii6"r.::ni
ai. n«ir. 1893.8.1900
107
Do
.
105
118
115
117
»0
10
laoo
''
'
'
RAILROAD BONDS.
SECURITIES.
Aak,
SECnBITIES.
li. * W.—Contln'd-
Bill.
Del.
Metron'llt'n El.— l8t,1908
\
lis. 1018
All0KyC«nt.-Utlis,l![22
AUIi.t.*.S.Ke-l'j!«, 1920
•id, t.a,
M
!;!'.".!'i26'
136
I1-2IP.
7s,
".T!:::™
128
106 <s
'Jil,
lat, P».Div.,cp.,78,1017|
l8t. Pa. Dlv., l-eg., 1917.
C— lBt.7t
Ft-W.*
2d, 7a. i'n3
.Id, 7Clev..v
4th. 8
St. I., v.,till
2d. 7a, 1898
2d, gnar., 7».
'ioo"
.U08
,
;
lul3
la,, l\<ii
Pllla.
1031....
Ia.City*W08t.-l»t,7s 112
C. Uai). I. P.* N.— lat, 69 "107
08
,,
97
1931
..:.,7i,«118W
'11
R.
Mlnn.,tSt..l..-l3t,7fi.(iril.,"'......130
1108
Bid.
•Jii'
li li.( int.—Con8.78,1902
Conaol. 09, 1908
08. '""'
i!c.-03,'91
J„.
1st. lis. 1910
I'Mlhv.iV No.
113
lat. ext.., 78, 1801
lis llOU'l l9t,69, 1881. 1013
Coupon, 7s, 1801
....'1IOI4 MII.I-.S.AW.-l«t.i;8,1021
Rcgiatered, 7s. 1891 ...., ----
Bnr.r. Kai..*No.-l»t,5a 107
Con...ul.,h»t, ,V^ 1084 ....*
Ask.
10834
1911.
lat .M.,79,ex.cp.A7.*8
C..:
98>a; 97
Construction, Sa 1033
Del.* Hud. Canal -1st, 78 113
--
1899
Mcx. Cent.— lat.
I
N.y. Lack.* W.-l»t. Os l'J0V122
Kiiml, Ox, 1011.
73»« 74
l'iic.-l»t. 6s. 1010.1
'...Tiif
Bftlt..v o.— l8t, (is,l>rk.Br. ......
tsinkiiii;
A-
1130
II4I4II5
2d, 7a, 1801
Bonila, 79, 19(X)
7a of 1871, 1901
Ist, consol.. guar., 78..
Ala Continl-Ut,
SECURITIES.
Bid.
108
07
I
Morris* Essex— lat, 78. 139
(Stock EJ-f/Kmo' Pricff.)
8KCCR1TIES.
Aak.
Bid.
Svr.lilng.ftN.Y.— l9t.7a 128
Bttilrond Bonds.
Atl.
»ot.
188S.
*
Bid.
OuoUna— OontlnnM—
K«w lionda, J.ftJ., 'n*
BpMUl tax, all olaaaea.
lOSM
u,t, reg., 1887
M,
68,loau, 1801
ei,10Wl, 1892
6S, loan, 1893
N. Oarollna-Oa.old, J.AJ.
Ys"
'
R.
lao
St. Jo., '80.
I
la
Ooorgl»-tfs, 1888
78, KOld.
MMOS
30
HK
K.!mi.*N.(). KR
76.1..
n. K.
78, Mln«. I>.
78, Arkansas Cent.
8
•6
IM).
•
OnRtTIBS.
A8k.l
BIO.
71
an
Kz.iuktured oonpoa
lot
Ml890Urt-8«, 1889
68, dnK 1880 or 1890.... 110
..„i.., .„. iinlT..itue'92 IKi
BOIflM.
LoiiHian»-7K, iooa..l914|
83
IU3
A, 1906.
Oliux B.&x. 1U06
Class (,',4i., 11106
BXOtTBITISS.
A8k,
—
—
.
80
I
lO.'l'slO}
100 llOl
189
irt-i'-
1
iiM>i
118
UI,g.,7a
1
s<n8
.
"
80
Pltl9,B.4ll.-l-'
Mich. mv.-l8t.0s. 1924
108
PUIS. Cleve.i:
Minn, st.L.-l«t,79.19'27i*12l ;2'2
118
PItt.a. Junc.-l
IowaExt.-l8t,79,
1909i
...I*
l8t.Bs.l02l
.li"
Hiinic W.A Of
2d, 7a, 1891
1< I'^V^-J
2d, 79, 1895
;v.:;- }?3,
Buff. N V * 1>.— Cons., 63
Con., Ist, e\t
l.U
S'thw.Ext.-lst. 78.1010, 113>4ll3'4
Ist, con.a.,guar.73, 1000: JW
Ocneral. C», 1924
Roih.APItt.-l
«a. 1021.! 100
'8 112
Elt.-lst,
111
Pao.
08,1000
cons.,
go.,
Ist,
91h
"'
Can. So.— 1 at. iuU guar. 681
9S'«
('(msol.. lat,
ll
Mo.K.AT.-(ion'1.0s.l920 TiV
•
68 V)
Rens.&Sar.— lst;,cp.,78: 138 ,110
1'
60'4i eotjiiiii, :
2<1, us. lOKt
Ocneral. Sa. 1020
(-138
l8t. rcg., 78, 1021
.....
Itl'i,'.. 5s, 1013
loi'"
107 1107V ii;
7a, 100 150
03
95
Cona..
I8t.l900j
RioOr.—
lOlV.Donv.A
9,^
Cent! ill Iowa-lst,78,'09tl
64
05
62
62 "a
Cons.. 2d. income. 1911. >60
lat. consol., 78, 1010....
Kast. niv.-lst, Ck. 1012i *38
A
73
II. .li Cent. .Mo.-l9t. '90 104 Hi'
DiMi.So.Pk.Al'ac— lst.78.! 70
05
111. J>iT.— lat, 63, 1912. .1 *5S
inco
40!>4' Hobilo
Olilo— New Oa.. 101 (108^
40
lst,6a|
Hloli.Wost.I)ini..t
Char. C0I.& Auk.— l»t,7s.,'105
93 [Rcloto \
65 u Collntor'llruat, 68. 1892
Diit.JIiick.AMarq.— Ist.Os
Chesaiio.iko <fe Obio—
I.
US
.
I!
St. L. *
Ist, Extenaion, 69. 1027
l,and grant, S^js, S. A...'
Pur. inonovfuml. 1898.. 110
..!107
2d, 7a, ls;i7
T.—
lat, 69,
I.a.*
114
Morgan's
l'<0
l9t.79,1000t
E.T.Va.AO.—
9(
63. u'old. 8fric3 A. 1008.
Broh—
lat, 7» 110
Arkanaaa
1018
48
7a,
45
l9t,
li
1 8t, con9., 5s, 1 030
SVo-Mon" Cairo * Fulton— lat, 7b. *
59% -^
68. t-'oW. sCTiC3 B. 1003
91Ja 95 ilNa9U.Chat.ASt.I,.-l9t,7a 118 120
Divisional 3a, 1030t
lU'4l 17
C.H, ciineiicv, 1918
Cairo Ark & T.-lat, 7b.
=••;
2d, 68,1001
Eliz.C* N.— s.t.dob.,c.,0a
1* .---I go
MortvcnKt' l!a, 1011
Gen. ry&l.gr...".a. 1931
1887..
.1 }•;?!?
N. Y ccntmi-69,
...I
Ist. fis. 1920
ioV.;:
70
Che3.().AS.\v.-M.5-09...! »68
lBt,7a
Deb. certs., oxt'd 58 .... 105»4 loo's Bt.L.AItim.fl':!!.—
78,'118'4i
"is'l'si'-t'
•Sandy—
Cs;
Big.
Eliz.Lex.A
Alton—
let,
-- i^'"
Chlcairo >t
•2il. pre'
:13»
cp.,
78
U.-l9t,
N.Y.C.A
7s...
Eri6-l9t, cxtmided,
Siukmp fund. 6.>), 1903 ....-J}ff;in.
2d.
133
1003
lat
res
2d, extended. 59. 1919 .. 107 >«
La. A Mo. Kiv.— 1st, 78 121
.t.89
Deb ifa 1004 ;:::;::::i imh, 102% Belle
.--3d. extended, 4 His, 1023. 103
2il. 7a, li'OO
it,7a
St.P.Mi;
..-.
Hud.Kiv.-79,2d,8. f.,'85! 103
4th, exteudeil, 5s, 1920. 10:>
8t. I.. Jack, .t Chic— l»t *110
6a.
2d.
»,
..I
7a,
coup
IjiJ
l?!'^"Harlem- l8t,
5th, 79, 1888
lat.Ruar. {3«n. 7h,'94 '110
Dakota kx t.-6». ioi'li!
135
,lli)
Ist, 79, rcg., 1900
114
1920.;
gold,
-8,
cons.,
125
l8t,
2(1, (3001, 7.s,isys ...
lat.consol.. fla. 103S ..
1 1"
N.Y.Elev'd-l9t, 79, 1006 119
Ist, cons.. Id. coup., 78 ..
"'"
2(1, guar. (1881. V3. '08
lat, conaol., 'IN.Y.P.AC— Pr.rn,69,'95 ..........
Reorg., Ist lien, 6s, 1008 -....-|
MlHa.U.nr'KO- Ist.s.f.Os
Min'a In.- !41
N.y.C.&N.-Gcn..68,1910 40
79, '93 110
b'uda,
Dock
Long
Chlc.liurl.A Clulncy—
St. P.* Dnl.-!
1-27
receipts
'
Trust
Co.
;-,-ii-i
Buff.N.Y.AE.-l9t,1016
,105'
132 Hj
Consol.Ta, 1903
So.Car.R'y.-lo;. ,, --N.Y. * N. Engl'd-lat, 78i 118»4
...
N.V'.I,.E.*W.-New2d69
68, »lnkinK faml. 1901.. IIU
.„.,.
2d, 68, 1931.
l8t,09.1903
ColUit'ltrn8t,68, 1922. ....
100 Hi 101
6fl, (lobcntures, 1913
Bhenand'hV.— l9t.7B,1909
.1.
N.Y.C.*St.L.-l9t,6s,1921
--Bufr.AS.W.-M..6s,1908
la. Dlv.-« til., 6s, 1919, 105 1....
General, 69,1921
2d, 68, 1923
11.— Ist. con9.,68! 104 ilOS
Ev.- AT.
SiukiUK fuml. 4s, 1019 *94
*29»4'
Tcx.Cen.-l at. 8.f., 78,1909 S3>i
-'
Buff.- Cl).,68
N.Y.W.Sh.A
•"
93
l8t.08,1923i
5'"'v '•.•"•—
181,08, r.r^ai
Mt.Vem'n—
-xy"' •^8V. 30H>' Ist, 78.1011
68
D(!nver Uiv—43, 1922.. *94V 93
\'"i^-';
I......
oa,
...
1931
Reglst<!red,
•87
90
Fargo A 8o.-lst, 69,1924!
Plain 4s, I'.lil
63
Tol.Dcl.A Hurl.— Main, fia' •15
114Hi,:N.Y. sasq.A \y .-lst,09.t
•10
C.R.I. * f.-Os, cp., 1917. 1291* 129 "a .Fl'tStP.Marq.-M.Os.lOaO,*
lat, Dayt. Dlv., Oa, lOlOl
18971...
Os.
100
Debenture.
OarHar*aAnt-lst,68'
129
•10
6s. reg„1917
1st, Ter. trust, Os. 1910.'
"•'a, oj
Midland of N.J-lst, 691 'ssii'Si'
...
»9V
2,178 1005
Ext. & Col., 3s, 1931.... 108 "a 109
no 110 Tex.A N. 0.-l3t. 7a. 1905 "ia 80
WeJt Dlv.-i8 ;69::.:.. 91=4 92H. lN.Y.N.H.AH.-Ut..rg 49 •-• ---••
Keok. &. Des M.— Ist, 53 10034'
Sabine Dlv..-l9t,«s,1012
LXevadaCentral-lst.Os..!
6a
1031
•>il
68
Central of N.J.-lst. 'OOt. 110^4
lO-t-a Va. Mid.— M. mc, 08,1927; "39
09 ilOO iJor'nBavV&St.P.^Ut.Sal. 68 j,73 |iNJac,-G.l.gr,.lst^.(:p.,68: 104U
35
l8t,cous.a.'i3ent.7s,18991
104
Wab.St.L.&Pac— Gen., 68.
107
Registered. 6.8. 19..^...., -78>1
76
Conv.,as8iMito«l, 7s, 1902 100 il02'a OnlfCol.*S.Ke-78, 1909,'.
55
Chic. DiT.-59,1910
---lst.69,g.,1020t
HN.O.Pao.—
.--...
2d. 08, 1923
Ailju.slnicnt, 78, 1003... 103
1910
*90
llav.Dlv.-69,
90
Hi
1031'
Gen..
6a.
115»8"Norf.A\V.—
05
nan.A St.J.—Con.09,1911
Conv, ilclH'iit. 68, 1008..
Tul.P.AAV.— l8t.T8.1917; "is
New River—l8t,6s,1932 *-.---- 93
97
Houston ,<i Texas Cent.—
'51
96
eo"
I.eli.AW.Ii.— Con.g'il,a9.
Iowa Dlv.— 6s, 1921
Ohio* Miss.-Consol.s.fd lliHi
84
Ist, M.I...,79, 18911 ....
Am.D'kitIuip.-5s, 1921
Indpolis Dlv.-6«,1921.'
117^4
1898..
Consolidated, 79,
Ist, Western I)lv.,78t..
....
1921..
Ch.M.itSt.P.- l«t,8.s,P.D. 130
D1V.-C9,
Detroit
2d coiiaolidated, 79,1911 110-2
119
lat, Waco* No., '7al....
2ll,
3.10s, P. D., 1.808
I....
03
131
131 I- -•
100 ij 111
,
A Sn9(l.-l9t, 78 ....
Alb.
I
it-
1
1
.
.
,
'
'
i
I
1
I
I
I
I
iV:
I
I
.
I
I
1
.
1
1
——
,
I
;
|
i
:
I'.l
'.
1
'
1
I
'
1
\
;
I
.
.
i
,
|
i
I
I
I
I
)
1
I
!
I
1
I
'
I
'
1
'
1
7
I
.
l8t, 7s, $ (f.. It. D., 1002.
Ist, LaC. l)iv., 78, 1893.
M., 78, 1807...
Ist, I.
D, 7s, 1800...
l8t, I.
l8t,C.* M., 78. 1903..
Consol. 7s. 1905
l8t, 7.S, I.* D. Est.,1903
l8t, S. W. Div.. 68, 1009.
I»t, 63, T>aC.itDav..l919
I'20ial30
118
ill9
121 H, 1224
118
127
123 123 Hi'
121 '4 121
112Hl
98>4
l8t,S.Mlnn.I)iv.,6a.l910 112
120
1910..
7s.
H.
&
D..
let.
Chic* Pac. Dlv.Gs, 1 910 114 Ill5
95 «8 95%
l8t,Chlc.* P.W..58,1921
97
Mlu'l Pt. Dlv., 5a, 1010.
99
C.&I-.Sui). r)lv.os.l921
Wls.cftMin.Div.Ss, 1921 '91^41 94''8
90 'al 91",
Terminal .'•(. 1014
Chic. & NorlliwiMt.—
Sinking Fund, 78, 1883
Con.iol. boniU, 78, 1915.
Exteusion bimtls, 7s, '85
A
4
I
I
i
I
I
I
.
1885
Coupon, golil,
l8t, 7»,
78, 1902.
Bcgiat'd. gold. 78. 1902.
6a, 1020..
l!9,192fl.rcg.
Bink. fund,
Sinking
tuiid.
.'is.
General, 08, 1921
Hon8t.f;.AW.Tex.-l8t,73
2d, «8, 1913
Ill.Ccn.— Spd.Dlv.— Cp. 68
Middle Div.— Reg., 6a ..
1920
Gold, 58, 1951
Dub.* 8.C.— 2d Dlv., 78.
* Minn.— lat, 79.
Ind.Bl.AW.— l9t, prof., 79
Ea.atcrn Div., 69, 1921..
Indianap. D.A Spr.- lst,78
1st, 7a, ox fund coups.
Int.* CJt.No.— IstjGs, gold
Coupon. 68.1909
Kent'ky Cent.— M.68.1911
Stamped, 4 p. c, 1911 ..
Win.&Kt. P.-l8t,78,'87 106
128
1007
i'....
Mll.&Mad.-lst,6s,1905'
Ott.C. P.itSt.P.- l8t,58< lOlV...
2rt,73,
O.C.C.AInd'a— l8t,7, 9.fd*l'J5
I...
Consol. 7h. 1914
Consol. sink, fd, 79,1911
Ocneral consol.. 69,1934
Chic. St. P. >Iin. * Om.—
Consol. B9, 1930
112
73 y 78
106
General, Os. 1930
Pensacola Dlv.—«s,1920
St. L. Div.-l8t,6s, 1921
1
98 Hi
43
113
78..
90
8.*N.AIa.-S.f..6a. 1910
Lonlsv. C.A l..-6a.l931
Kpulpment,
1
76
L.AW.— 79,conv.,'92
77
'....
133
Inoome
1919
General mort.. Oa. 1914. '06(4
Loil. N. O. A Tex.— lat, 68
Manhat. B'ch Co.-78. 1 909
N.Y.AM. B'h-lst.7a. '97
made this week.
prlcog Friday: these are latest quotations
79, 1895..
im'
KloO.,
*
Gen. mort.
Pennaylvania
o6>a
reg.
cp. on
cp.
Id. gr.,
68,
Do
Aug.
exAug.
*
Ter. 6s..
RR-—
.
Pa.Co.sgiiar.4Hi9.lat.cp
I
t
Coupons
oir.
S3
60
48>«
•44
•99
,L.
101%
6t,.L.K.C.AN.-ll.e...9
80
Omaha Div.— let.
7a.' ....
6a, 1919 ....
09
CUr'daBr.—
113
103
100
I
1
99
80
St.Chaa.Bgc.— latjOs *....
No.Ml88onri-l9t.7a.. 107
We8t.Un.Tel.-J900.conp: 113
lis
]90q,rcg
N.W.'Tel
109H
iie
TO^I
108H2;;Mnt.Un.'rel..-S.fd,6«,19Il,
INCOME BONDS.
I
|
payaUe Vfirntd.);
(Inlerttt
All.* Pec— Inc., 1910
"'"'
Central of N..I
E.T.V.AGa..
Or.BavW.A
llSHl Ind.Bl.AW
Ind'Bliei-
LakeE-.c
Sanilky
.
I
11
17
......
7»
14
90
46
n
80
67
30
60
"M. pret..debcutun>a....;
prct..
4th. IT. r
3<t.
--.--.
debentures
,'..
Min
I
:
09
101
...
l..Htnre«.
N.Y.l
Ohio <
".J
106
I
Mob* o.-lst.prf..deben.,
,
114
-l.,!!'
"Ul
-^
\v.
In. .. ;•'>
l)iv.-Iue.^l'J_N>
Laf.Bl.*Muu..-Inc...9.9»|
Mil. L. sb.A \V.— Incomes!
I
101
1'
17
14
14
10
>t
.V --I'l
..
10»«
..
1
Leh.A Wilk.^l.
lllHi'
100 Hi 101
.....I
106
91
ViV.
91
90»4'
90
95 H (l9Hi
90
Gen'lmort.. 69, 1931..
So. Pac.of Mo.— lat, 69 ioi'
Tex.APao.— lat, 69,190u "io
ConsoL. 6s, 1905 1 ....
Truat bonds.
M.— lat. 08,
W, 110^
^1 110^
110>
Oa,
Orcg. Short-L.— lat.Oa!
Ut. So —Gen. .79. 1009
Exten.. lat, 78, 1009
Mo. Pac.— lat, CODS., Oa ioi'4
113>s
3il, 79,101)0
108 1«
Pac. of Mo.—let, 6s..
2d, 7a, 1891. ......... 108
St.L.ft 8 P.-2d,69, a. A 103
98
6s, Class C, 1906
6a,Cla88B, 1006 ..... 100
Ist, 69. Pierce C.*0..
Lonlsv. A N.— Conaol., 78.
Cecilian Br'ch-7s, 1907
N.O.A Mob.-l8t,63,1930
Laf.Bl.*
11|
I
111.4 SO.Ia,
105»9
llB
C.Br.U.P.— F.c.78,'95
At.C.* P.— Iat,63,l905
At.J.Co.A\V.— l8t,ea
Lonlsv.N.Alb.AC— Ist.Os
I
......<....
'OS-.I
Ist, conaol.. 63.1919.
Lools.West.- 1 St, Os
68, 1022 ...
10-10, 69. 19'24
Ist, 69, 1019
L.Erie
'87-89
l9t,0s, 1890
Douv. Div.69,a88.,'99
Sandusky Dlv.-Os, 1919
'
Col.* (ircen.-lst,69,1916;
No
Kans.Pac-lat,
Consol., coup., 1st, 79
Consol., reg.. l9t, "9 ..
Con.aol., conp.. 2d. 7s..
.
Conaol., reg.. 2d, 7s
Long I9l. RR.— 1st, 7s,'98
Ist. conaol, 5a, 1031
Nashv.* Doc— lat,
I
Collateral Trust, 68...! •-•68. 19071 .--Do
*W.—
2d, 69. 1923
Ohlc.*W.Ind.-l9t.9.f.,68'
Gcn'l mort., 08, 1932 ...I
1907
Pigeon-lst.
2d. 38. 1980
,.
117'4'
Chlc.AK.lll.— l8t.9.t..cur. '113 lllSHi
Conaol., lat. Oa. 1034. --.| 99^9 100>4
St.P.lt S.('.-l9t,«8,1010
79,
Land grants. 78,
Slnkingfund, 8a,
Beg., 89. 1893
90
2d. 78, 18^''
Q.& Tol
Han. A Na;
.
2d, 6s, 1930
E.H.AN.— lat,6«, 1919.
C.St.P.&M.-l8t6a,1918 120
No. Wl9.-l»t. Os, 1930
Mortgage,
* W.
107 >•
W«i 101
90
89
Sd/ext, 78,1893... .
Eqnlpm'tbd»,7e,'8S^I -SO
Consol. oonT.,7fc 1907 J,?"*:-.-;.Ot.Weatn-l»t.7B.'88 lOJ 105>»
101
100
91 Hi
102 Hi
".J
M.* T.— l9t,79,1906
Lake Shore— Div. bonds
—
Del.
I
.;
107
l8t,8t. L.DIv..7a,'89.;
72
82
-r-
Evana.Div.— I9t,e8.l920
PeoriaA Pek. U'n— lst,63- 102
Pacltlc Kaih'oadsCentral Pac— Gold Oa .. 112
Han Joaquin Br.—6a .. »103
98
Ca'. A Oregon- lat, Oa
98
Cal. A Or.-Ser. B., Oa.
Land grant bonds, 68. 99
Wcat. Pac— Boilda. 6S.. 107
No. Hway « 'al.)- lat, 68 103 >4
94
So. I'ac. ot Cal.— 1st, Oa.
So. Pac. of Ariz.- l8t.68 .---.?S Hj
So. PacotN Mex.-lat,68
}\'i]*
Union Paclllo-l8t.68..
l9t, 5-09, 1909
2d, 5-69, 19IK)
Det
68.,
....]
7s, 1909;
Tol.A W.— l8t, ext..7B.
89 Hi 00
Orcg'n KR.ANav.— l9t,68 112
Debentures, 7a. 1887 ...I
'Panam.i-S.l.. 8110.68,1910
Peoria Dec. A Ev.— lat, Oa
Ced.F.
Kal.
Eacanaba.t
Col.k.i'al.*Tol.-l9t.59
Oregon Imp. Co.— lat,
2d, 69,1907
V(!ara dell. 5a, ioOO ..
L. S.— lat.Oa
DesM.itMln'ap.- l8t,78,
Iowa Midland— l8t. 83. *124
Peninsula— Ist, conv. ,79!
Cliic.<t Milw'kee-l8t,7s,*120
26
2d,«s, 102(i
Or.4Tran8c'l-68,'82.1923
Ist, consol., 79, 1897..
Bnir.*Krie-Newbd8.78
.".s.
Chtc.St.L.itP.-lst.con.Ss
Chic, it Atl.-lst, 69, 1920
OrefrnA Cal.— l8t,69.1921
C.St.L.AN.O.— 'ren.l..78
1930. rog
Slnk'gfd.ilcb.. 5.8, 1033.
Sink. Junil.
Ist, Mlu'l Div., 69, 1921;
OhloSo.-lst, 09, 1931. ...I
Wabash-Mort.
62
60
Ohio C('ntral-lst,0s.l920 *bO
lat, Tcrm'ITr., 6a, 1020. *.-..•
Waco*
L.Sboro-M.S.*NI.,s.f.,7a
Clevo. A Tol.— Sink'g fd
New bonds. 79. 1886..
Cleve. P.* Ash— 7s ...
Sinking fund,
Cairo I)iv.-5s, 1931
Ist, Springlield Dlv., 79' --••-•
2d, conaol.. main line, 89
No., 83,1915
2d,
.
.|
,](.,,(,8
iK
lO'-i)!
1
>
-JOJl
as"
Ohlo80.-3il ini'.. i>9. 1921
PeoriaD.*ET.-Iiio..l020
KTan9r.DlT<-lne.,}930 "45"
Roch.*Plttsb.-Inc..l93I
t»
Rome W. A OK.-Ine., 7s. •as
ISo. car. BT.-rnc.,8s,lMl
Wt.1i«s 3S>*
SI.L.A.* t.n.
"ni
So"
UK
I
FREE LIST.
96 Hi^
104 lcln.*8p.-lBt.C.C\C.*t.7«
~ -
V
77-^4
31
53
60
no
111
l»t.guar..U8.*M
Conaol. Coal.— Conv
Cum. A Penn.— 1»<
I
li
'Jd-Oa, 1883......--
-isi,coB..69;
Col.fc.*lr.Co.-lst.con^69
D.-la».8s..
•- "-
DMM.*Ft.»
'jefTeraon R 11.— 1st.
100
60
«a%
rVuX
I
—
.
— —
-..
..
..
..
THE CHRONICLE
504
RAILROAD EARNINGS
The
latest railroad earnings
latest date are
given below.
earnings of
railroads
all
and the
totals
from Jan.
The statement includes the gross
furnish the gross earnings from January
1
1 to,
Latest Earnings Reporled.
to latest date"
and including,
New York
Manhattan Co
Merchants'
Mechanics'
Jan, 1
to
Ala. Gt. SoiitU'n.
&
March
97,303
1884.
96,15'
1885.
1884.
300,541
February 1,064,748 1,107.020 2,180,446
9,159
Best. H. T. & W. 2d wk Apr.
8,017
117,746
Bur.Ced.E.&No. 2d wk Apr.
56,758
47,709
816,375
Canadian Pacific d wk Apr. 178.000
81,000 1,609.341
2d wk Apr.
Central Iowa
26,516
32,810
347.797
Atcli. T.
8.
P.
.
.
Union
America
Phenix
Latest Date.
Xoads.
1885.
XL.
Amount of—
Average
Loans and,
DUcounts.
the period mentioned in the second column.
WetkorMo
[Vol.
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending April 18, 1885:
1 to
from which returns can be obtained.
The columns under the heading " January
:
.
,
City
Tradesmen's
Fulton
Chemical
Mercliants' Exch.
273.746
2,339,368
107,835
732,637
946,359
383,111
4,325.040
75G.328
133,948
Gallatin National..
Batchers' & Drov,,
Meclianica' &Tr..
1,540,000 1,472,684 4,507,756
Central Pacific. March
65,538
Cheeap. & Ohio. BdwkMch
70,428
711,547
Eliz.I^ex.&B.S. 3d wk Mch
12,729
15,367
145.137
8.
W.
3d
wk
Mch
29,155
29,226
315,447
Clies. O. &
262.36,3
Chicago <fe Alton 2d wk Apr. 165,113
164,324 2,165,183 2.240.702
Chic. Burl. & q. February . 1,601,915 1,971,013 3,594,399 3,619,233
27,964
24,701
Chic. & Eastilii 2d wk .\pr.
439,92!
395,145
407,000 433,967 6.289,000 5.959.231
Chic. Mil.& St.P. 3d wk Apr.
408,200 400,800 5,795,683 5,600,458
Chlo. ANorthw. 2d wk Apr.
Ch.St.P.Min.&0. 2dwk Apr.
108,400 125,300 1,300,325 1,400,088
27,060
Chic. & W. Mich. 2d wk Apr.
32,308
301,670
418,276
Cln.Ind.St.L.&C. 2d wk Apr.
45,761
45,705
091,600
585,564
222,292
Cin. N. O. & T. P. March
230,550
620.037
573,493
Cin.Wash.&Balt Istwk Apr
38,319
38,235
512,615
475,609
8,878
8,978
112,710
Olev. ASronA Col let wk Apr
109.506
Clev.Col.C.&Ind January
256,093 272,343
256,093
272,343
22,104
19,620
Connotton Val February..
42,272
42,313
13,489
Danbury & Nor. February..
13,541
27,650
25,737
Denv. & Eio Gr. 2d wk Apr. 103.583 102,545 1,515,758 1,335,929
March
69,100
62,131
Denv. & K. G.
195,126
163.315
7,423
Des Mo. & Ft. D. 2d wk Apr.
6,954
99,104
92,009
21,505
Det.Lans'g&No 2d wk Apr.
29,988
278,868
355,018
Dub.&SiouxCity 2d wk Apr.
16,800
19,508
222,101
249,467
324,400 331.109
•323,620
E.Tenn.Va.&Ga March
969,489
15,869
14,787
193,731
EvansT. &T. H. 2d wk Apr.
192,393
38.233
53,197
Flint & P. Marq 2d wk Apr.
506,457
694,016
20.296
19.626
Flor. R'way & N Istwk Apr
282,789
279,056
78.92'
25,101
Florida South'n March
17,061
45.609
32,539
31,533
Ft. Worth & Uen. March
79,776
88,353
Gal.Har.<fe 8. An. January...
211,09
254,134
211,097
254.134
Wk Apr.lS 296,665 311,229 4,378,739 4,874,356
Grand Ti'unk
6,695
Gr.BayW.&St.P. 2dwk Mch
6,685
52,251
67,716
95,446 121,676
Gvilf Col. & 8. Fe March
276,879
385,049
211,400 209,456 3,168,308 2,891,369
lU. Cent. (111.)... 2d wk Apr
(Iowa) 2d wk Apr,
30,200
35,442
Do
411,466
473,.507
Ind.Bloom.&W.t 2rt wk Apr.
40,083
39,340
651,432
634,532
44,862
K.C.Ft. 8. & Gull l8t wk Apr
40,737
691,866
608,714
Kan. C. Sp. & M. 1 Bt wif .4^pr
31,810
17,141
490,165
21G.379
15,623
Kentucky Cent'l 3d wk Mcli
14,811
163,400
148,811
liakeErieA W.. 3dwk Mch
23,163
19.546
44,985
37,021
I,.Ek.& Ft.Smithj February.
97,951
81,470
31,004
Ii.Ek.M.Riv.& T. February..
25,638
64,646
58,012
2dwk Apr.
51,957
47,100
572,767
liOng Island
537,609
45,163
51,211
li'a tfi Mo. River January
45,163
51,211
January
39,828
50,666
39.8i8
L'a Western
50,666
Loulsv.i- NashT. SdwkApr.
269.465
268,340 4,062,647 3,773,296
Mar.Hough. &0. 1 St wk Apr
5,317
71,495
73,876
4,599l
109.252 111,925
Mem. <& Charles. March
351,765
335,816
72.000
Mexican Ccutral 2d wk Apr.
50,103 1,102,879
719,865
139,121
145.143
Hex. N..alllines March
406,100
413.6-i3
10.805
10,462
Milwaukee & No 2d wk Apr.
153,337
137,806
26,400
MUL.Sh.&Wesi 3d wk Apr
21, .525
322,080
318,191
190,432 143,233
Minn. & St. Louis March
447,946
379,426
Mobile <fe Ohio.. March
195,140 185.275
560,59
525.786
186,737 206,819
546,612
Nash.Ch.&et.L March
604,306
66,103
31,921
183,802
N.O.& Northeast March
100.814
K.Tf L.Erie &Wrt February.. 1,139,740 1,233,409 2,190,214 2,505,740
341,005 386,742
730,06
N. Y. Pa. &. O February
820,337
226.096 252,603
456.510
N.Y. & New Eng. Februaiy.
495,649
143,765
129,072
N. Y. Ont. & W. March
91,098
N.Y.Susq.&West Miirch
71,704
230,268
199 899
48.318
52,639
Norfolk <s West 2d wk Apr.
718,939
752,970
26,252
Shenandoah V. 2 wksMch.
27,919
110,673
142,5rt3
339.049 393,613
Northern Cent'l February
793,265
808,459
686,427 978,956 1,809.973 2,113,144
Northern Pacific March
17,345
16,257
Ohio Central... 2d wk Apr.
271,845
275,801
96,037
3d wk Mch
105,967
Ohio AMiss
884,476
900,042
43,540
28,122
Ohio Southern.. February
88,649
65,095
212,050 225,133
Oregon Imp. Co Fribruary
445,174
438,518
3,63i,374 4,002,62
March
Pennsylvania9,988,596 11.003,593
9,197
12,524
Peoria Dec.&Ev. 2d wk Apr.
196,373
215.513
February.
208.200 246,065
Phlla. &Erie
430,217
462.265
Phlla.& Reading February.. 1,791,645 2,002,342 3,641,011 4.198,142
969,622
956,779 1,814,411 1,935.79
Do C. & Iron February.
360,562 356,129
996,105
Eichm'd &Danv. March
956.773
75,578
68,232
237,165
Ch. (3ol. & Aug March
216,539
69.062
Columbia^ Gr. March
59.767
211,716
188,311
57,024
44.604
170,246
Georgia Pac. March
140,908
121,135
119,363
325,044
Va. Midland-. March
336.068
38,586
31,054
West. No. Car.lMarch ..
106,513
95,349
21,395
312,763
Eoch. & Pittsb'gSd wk Apr.
18,938
278,424
93.010 109,696
207.405
Bome Wat.& Og. Februarj'
190,730
17,81ti
17,810
12,640
Bt. Johns. & L. C. January
12,640
22.4.'9
25,428
Bt. Jo. & Weat'n 1st wk Apr
20,091
23.507
BtL.Alton&T.H. 2d wk Apr,
333.064
421,259
14,017
17.344
Do (Branches) Jd wk Apr.
223,283
238,743
12,417
8,947
143,751
Bt. L. F. 8. &, W- 2d wk Ape
133.641
79,300
79,900 1,250,712 1,312,381
St.L.&San Fran. 3d wk Apr.
19,23"
15,067
243,582
Bt. Paul & DuCth 2d wk Apr
2<7,331
575,377 700,100 1,433,750 1.556,531
8t.P.Min.&.Mau. March
114,412 110.H95
355,518
South Carolina. March
37.^,594
65.07.T
94.936
Texas &N. O ... January...
65,075
94,986
19,271
16.497
257.509
Tex. & St. Louis. Istwk Apr
199.456
25.500
17,879
65,200
Tol.A.A. &N.M March
47,461
Union Pacific... jFebniary 1,56H,919 1,540,754 3,233,898 3,072,448
Utah Central ...February..
55,306
75,433
140,375
150,716
38.921
Vlchsb'g & Mer.lMarch
36,498
114.971
126.528
Vicksb.Sh.&Pac. iMarch
32,237
9,019
88,133
38.947
Wab. 8t. L. & P.'llhwkMch 451,675 364,074 3,773,061 3,885,363
{February..
56,944
67 186
13H,480
^Vest. Jersey
127,064
WlBConsiu Cent'l'id wk Apr.
29.114
390.470
25,527
416,746
.
W
1
.
Greenwich
Leather Mannf'rs.
Seventh Ward...
State of N. Y....
Americ'n Exch'ge.
Commerce
Broadway
,
Mercantile
Pacific
Kepublic
..,
Chatham
Peoples'
North America
Hanover
Irving
C.tizens'
Nassan
Market
..
.
.„..
.
.
Nicholas...
Shoe & Leather..
St.
Com Exchange ...
Continental
Oriental
Importers'* Trad,
Park
North River
East River
Fourth National
,
Central National..
Second National..
Ninth National...
First National
Third National ...
N.Y.Nat. Exch,.
Bowery
N. Y. County
German-.Vraeric'n.
Chase National...
Fifth Avenue
German Exch'nge.
Germania
United States
Lincoln
Garfield
Fifth National....
B'k of the Metrop..
West
Siite
'i
2,278.000
3,371,000
2,501.200
3,114,000
785,100
3.617,600
628.000
11,226.100
308,400
938.000
8.272,900
623.900
1,743,700
444.600
65,000
105,500
843,900
244,200
652.100
4,943,000
9,155,000
819,200
1.766.800
232,000
1,637,200
814,200
169,900
643,700
3.514,900
1,086,800
370,100
306,300
567.800
392.000
751,000
718.200
1,311,600
197.000
17,498.0001 7,090.500
17,517,800 5,231,800
1,575,000
39.000
1,036,400
208,600
13,427,800 8,078,700
7.249,000 2,631,000
732.000
2,380,000
4.822.000 1.009.100
16,889,400 4,782.400
4,927,000 1,196,000
1,074.700
381,800
1,977,900
568,400
1.891.400
378.S00
2,448,.'>00
540,100
2.893,700 1,234,500
785,000
2,673,500
1,734,100
150,000
201,300
1,694,200
6.^7,500
2,265,600
1,560,600
435,500
165,100
1,108,100
201,81,10
1.103,900
844,600
2,841,200
1,317,900
60,500
Loaiu.
1,352,000
608,000
1,369,300
884.000
148,300
1.076,900
112,000
744,000
161,600
134,100
1,472,600
278,200
468,500
147,400
187.000
14 0,400
153,600
83,500
861,400
1,815,000
2,247,300
572,800
441,700
512,400
421,800
205,200
142,000
523.700
613,000
364.000
793,200
215,000
128,200
68,800
277,000
215,000
614,500
319,000
2,426,290
1,818.200
291,000
98.700
1,155,900
489.000
198.000
338,300
912.500
289,800
269.600
178,200
301,900
117,700
247,300
381.100
620.000
225,200
67,100
162,400
156,100
230,900
387.300
572,900
totals for several
other
CircoJo-
than. V. S.
tion.
12,222.000
10,160.000
9,123,700
9,249,000
3,495,300
11,211.100
2,319.000
16,502,200
1,796,700
1,576,300
20,909,400
2,571,900
4,171,400
1,818,300
1,240.000
1,008,300
2,357,300
1,099,400
3,763,200
13,300,000
19,896,600
4,348,200
6,662,200
2,907,800
6,768,200
4,083,400
1,661,500
3,833,500
9,625,900
3,119.000
3,350,000
2,685,800
2,562,600
1,782,300
3,277,000
4,321.100
5,439,800
1.861,600
23,882,300
23,136,600
1,849,000
926,400
17,676.100
8.880.000
2,986,000
6,177,800
18,718,500
6,315,700
1,220.000
2,150,000
2,419.900
2.426,700
4,152,500
3.177.300
2,478,800
2,105,300
2,391.400
1,928,900
1.110,000
1,271,100
3,899,200
1,717,700
460,000
weeks
$
356,100
1,100
261,000
89,200
298,800
589,300
173,600
2,600
487,500
44,000
730,800
895,300
809,000
4'2,V,00d
45,000
5,400
s'do^obo
264,700
266,000
447,300
392,000
163,506
989,900
45.000
2'22,806
180,000
297,000
37,000
45,000
441,800
179,700
220,800
180,000
4b',6o6
160,000
43,800
178,000
133,000
past:
Agg. CUar'gt
Deposite.
Specie.
Apr. 4 302,757.100 104484400 30,812,500 352,684,200 10,953,800 416.524,824
'•
11 302,01)8.000 106055;<O0 30,953,600 354,416,100 10,963,600 401,634,492
••
18 301,963,300 107691800 32,18tf,lO0l357,037,300 10,913,800 48,3,510,488
Boston Banks.
Loans.
.
'
11,867,000
8.469.000
7, 1.i 2,800
8,236,000
4.307.000
10,313.300
2.563.000
6,963,200
2,083,000
1,235,700
15,059,300
2,764,600
4,924.600
1,706,100
1,123,000
1,002,000
2,693.000
1,13P,600
3,469.900
12,361.000
17,181,900
6.526,900
6,211,700
2,387,500
6,430.000
3,776,400
1,418.600
3,177,600
7,641.400
2,434,000
2,556.600
2,207.300
3,018,200
1,800,600
2,898.000
5,016,800
4.159.100
1,860,300
The following are
1
Tendert.
801,963,300 107691800 32,186.100 357.937,300 10,913,800
Total
1884.
Net Depotite
Legal
Specie.
Apr.
4 I43,2.-<2,100
11 144,091.300
" 18 144,836,301)
'•
—Following are the totals of the Boston banks
Specie.
DepoHta.
$
$
ICirculation Agg. Clear'oi
S
J
5,219,100 99,242.700 22,470,800
5,074,000 101,632,800 22,585,100
4,476,300 104,130,500 22,627,200
8.1*4,600
8,286,100
8,342,300
Philadelphia Banks.- -The
56,634,493
63.008.681
71,962,039
totals of the Philadelphia
bant
s
are as foUows:
1886.
April 4...
••
11...
18...
"
.
Lawful Money.l Depo8tts.*
Loans.
74,987,741
75,030,901
74,761,687
23,801,083
24,055,465
25,139,0)2
I
Circulation. Agg. Clcar'gs
7,690,390
7,706,216
7,690,328
72,452,733
73,148,024
74,599,820
41,598,134
48,742,859
46.329,364
Including the item "due to other banks."
*
Unlisted Securities.
week
—FoUovdng are
latest quotations for
a
paat:
I
.
.
.
.
—
>
« Not Inoladlng earnings of New York Pennsylvania A Ohio road.
• Not Including the first six days of January, preceding time when
ver t.'i.i. r 88 >McM,.
Noi luuluiituK lad. Decatur & Springf. In either year.
'&•:<
f
Security*.
Bii-
Ask.
Ohio Cent.— Riv. Div., 1st
Incomes
14
14!(,
60
6
70
Securities.
Atlantic A Pac— Stock....
Cent. Div., Ist, old
Istmort
AccnmnI, land grant
B8nk.JiMerch.Tel., IstM.
Gen.
Boat.
8 '.8
68
Peusacola
Ist
5"
iiiort
H.T.& West.— St'k.
42
3 '4
4
N.Y.& Phlla
35 1<
Trnst bonds, 6s
10
Cent. Cons. Imp. Co
48I3
io'
Denv.A Kio Grande— cons
18
20
Bs
Deuv.Ji Rio Or.
6t
5=s
Ben. B. G. & W., iHt M.,
37
Gaar. by D. & R. G
50
Edison Electric Ll^ht
Georgia Pac.—stock
12H>
95
96
iBt mort.,6s
42I2
2d mort
6
Keely Motor
Mexican National
2^
10
11
Pref
19 't
Istmort
2=8
Mo. Pacific— Old stock
2't
13
Cowiiry ctfs
Debentures
Ifit
.N.
y.
W. Sh.A B.- Stock
Pac— Div. bonds
North Rlv. Cons.— 100 p.c
North.
2>4
771.
17
mort., 6s
4
3
18"«
State of Tenn.— Set'm't.39
settlement, 5s
Settlement, 8s
Sel. R. & D.— Ist, stpd '80
W
2=8
\
Postal Teh* Cable— Stock
Southern Tel.— Stock
Istmort
Bult.
H-olnies
2
Atlantic
mort
Pittsburg* Western
'st mort
Postal Telegraph— Stock.
14"»
Mut.Un. — 8l'ck trust ctfs 49's
37
M.K.cfcT.— Income scrip
N. Y. M. Un. Tel.— Stock. 45
&
stamped 1882
St. Joseph A Western
St. Jo. A Pac, lat mort.
2d molt
l.st
60 14
96
^
morl.,
.,
fl
17
IB"*
118>i
47
Kaus. & Neb., 1st mort. 106
108
48
2d mort
Tex.A Col. Imp.— 60 p. c.
5"ll
Texas & Pac— Scrip 1884. 29
Old scrip...
33
32
New soup
38
Tex. <S St. Louis—
M. A A. Div., Ist mort.. 20
2
Incomes, a«8. pd
6114
20
6s, Ist mort., in Texas.
40
Gen. l8t,ld.gr.Ainc.as.p.
51
4
Vicksb. A Meridian
3
I
mort
7814
lat
1
2d mort
92I1
S4
..
Apeil
.
.
..
..
1
1
1
1
1
THE CHRONICLR
36. 1886.]
S$R
ADSTUACT FROM REPORTS OF THE NATIONAL B.VNKS MADE TO THB COMPTROLLER MARCH
DrpotilM.
March
Z^atu itrllt] Oiilil mitl
Gold
eounUL (Jiul'iil golit c. If. Tniuuni
mtrdniJU.) cerll/lralrt. eerll/leaui'
Surptut.
Oapilal.
10, 1885.
IndMttnal.
Othtr.
\V».
10,
\lM.tm*n
mtrtr
t
Tf'i-nru*V /LMh.
$
N. HaiiipiOilre.
£i
Vermont
if
H
^
10.300.OOOi
6,108,0001
Maino
f
^
H"»ton...
'
Mas-'., otlipr
'
'I
f
Now York
Ml
l,150,OoO
3
^
31,714,100
12,103,3.501
100
3,761,639
6"
I'liilaili'Ipma..
Pittsbiirjt
18,05H,000
U,.t>?8,303
Pcuiia.. other
Total Dlv.No.2
32.050,310!
X
C
E
^
I
10.
.')>',
Wasliinfftoii ..
0th.
1,125,000
232,000
3,546,300
2,011,000
1101 23,163.245
5»7,497
778,000
855,791
17,923
232,000
18,400
Georgia
Florirta
Alabama
iMig8i!<.slm>i
•J
New
1,237,132
7.000
1,916,160
160,585
795,601
1,909,969
1,079,920
9.625.981
Orleans.,
Louisiana, otb.
Te.\a8
Arkansaji
Louisville ....
Kentucky, oth.
Tennessee.
Total Dlv.N».4
38,196,100
Detroit.
8,600.000
6,200,000
22,044,000
11,734,500
11.150,000
13,296,500
2,650,000
S
Michlg'u,other
10,(175,100
P
I
Wisconsin, oth
Total Dlv.No.5
I
Iowa
Cincinnati..
i Cleveland
a
1^
m
E
•
..
Ohio, other
.
fniliaiia
Chicago
Illinois,
other.
• Milwaukee
Minnesota
g St.
Louis
£
S
P
.
Nebraska
Dakota
Total Div.No.6
(
Nevada
S
£
2*
I
78
1,.500,000
Cali(oruia,oth.
2,C30.00C
Oregon
710,0u0
980,000
Wa.shiugton T.
Total Dlv.No.7
5.319.000
^Arizona
50,000
1,965,000
I
61
342,874
637,748
P07,378
768,948
467,923
7,302.720
64,'.;8J,^32
25,000
228,850
499,780
76,000
114,530
944,160
189,859
803,936
5.605.722
2,269.528
1.221.513
10.090,553
61,187
8.923,556
1,834,8.-6
2 Wyoming
Total Div.No.8
16,439,h82
16,336,122
6,050,0O<l|
.
Utah
Total for U. S... 2.671 524,253.19li 145,907,800
233.472
3,772.093
4.433,865
413,131
2,674,250
445,063
8,681,060
136,657
12.229.783
920.739
7.747. s 5 U
15,053,997
11,401,722
72,523,213
184,565
182.414
236,648
24,929
153,859
21,712
293,761
243
550,509
43,265
360,324
3 77,458
450,977
83.176
74,706
733,652
1,102,70:2
2,U78,090
660,000
600,000
800,000
1,735,000
1.547.034
4.605, lul
'89.517
351.167;
278,823
2,192,267'
870,000
492,062
400.387
RB^ESVB
Ac
Due from banks
Real estate
Gold coin
Gold Treasury cert's...
Gold Clear. House ctfs.
Silver coin
Sliver certlHcates
Legal teadernotes
National bank notes
Clearl ^e House e cch's.
V. S. ctfs. of deposit...
Due from
U. 8. Treas.
Other resources
Totals.
LiaMIttiM.
Capital stock
Surplus fund
MIU-s.
JfiH's.
asi
aao7
33.901
773,258
457,796
39,096
510,737
91.976
4,431,362
63,880
10,750
19,500
38,580
41,6.50
306,330
19,954 .026
24,579 ,143
8.630, 443
7.162, 797
8,731, 073
1,824,3.30
1
402..5H0
a.5B5.att8
770
882,140
436,187
332,295
97,682
244,838
,6';
164,960
08,78
19,424
11,140
115,078
37.780
908.844
93.769
126,886
182,568
12,876
74,409
34.640
119,388
14,480
20,450
29. 800
100,000!
6,96o:
,356,230
13,011, 331
3.446, 795
83,31.5,612
265,348
374,374
839,372
127,166
4.810,646
22,^312
34,927
1,967,234
205,2221
171,819:
25,017]
,300,842
71,528
79,2671
91,960|
45.037'
245,920
692,-OOj
498,500
150
1,144,840
4,280
43*,30S»
267.91)3
""'66
421.091
2,a84.539
4.480,
14.460
53,888
30.168
34.839
135.288
313,165
6,i>98,623
7,660
737
78.430
50,173
454.826
4.8.54,337
ldi',874
1,468,663
1,206,736
1.429,832
18,399.4*2
182,894
89,047
333,258
5,271.686
1,322.069
1.214,14?
1,549,737
776.9-0
10,759.'tH:
2,616,73^
802.000
2,672,64«
62,680 1,869,134
108.800 6,443.812
41,720 2.234.251
8.50
573,670
9,110
765,545
3.330
406,877
3.9J0
410.870
28l,470 lf.775.040
36.280
3.650
15,000
39,480
35,990
8,290
4,230
142.H20
1.363,506
619,978
832,.536
429,397
832,484
524,224
290,142
4.882,266
386
1,913
1,740,7110
5.740,420
1.921.313
1,865,37J
11,494,119
421,091
lOSiilOO
1,
'33,590
70,19u|
990,614
1,320
77,480
110.700
47,.503
531,730 1,661,830
3,070
6,195
231,029' 192.120 1,009,212
24,618'
3B,0ao
69,520
34,133,
7,3«0
378,890
81,450
11,260
437,298
204.613 163.290
564,320
t,.•36,779 2,249.660 9.767 ,910
158,030
110.000
71,210
46.640
429,300
203.766.995 16,542.1301 1,022.220
5,927,698
7,883,043
9,766,711
2,863.802
29,760
781,961
29,310
463,701
141.058
173,849
132,706
1,754,343
[
CITIES.
940
17«.1'.91
23,920
9.1g8.0.
711,587
78,021
342.103
83.107
0,500
10.030
40
58.740
760
18.860
2.721
50,390
2,279
126,117
8,462
17,S46
166,090
17,930
170
47.016
32.289
8.610
6.356
""«50
99(i,501, 647 ll.OJ 6.363 1.232.3J7.4 -3 <.<.160.463 7n.230.H60l
870
12,239
87,417
l,:n4,474
2,430
900
4.516,490 93,777.322
AND TOTALS.
AfU's.
6-i^08 113-37
»-ai
9-43
I -22
•10'
I*
$5
^
Afill's.
Hil'a.]
36
1484
1741 476
708,
i
'<
MU%
.WU'«.
J-39
•i'06
8tW
617
73
li-M
'3
HU'». 3fU's
7-73
3^03
XUttotu.
Jftl'll.
8-n
a*
•so
76
•BO
fI9
•53
11-48
16«l
18
•08
•S6
•43
•60
•49!
•40
37-87
li-JO
117
47-8>(
13-i8l'
MU't.] ACiCs.
•43
•35
20,
•28,
•81
r46
4'lill
1-01
•03
•20;
•88
•90
.VU'a.
1-7J
eo'
38163
79-79
11-50
33a
^•eo
•43;
'.^•44
•74
4 32
1^89
iJS-89
10-16
98
78
•87'
^40
•18
•22
-iO
•09
•1«
•80
1085
6111
•56
*»l
311
Via.
3TO
4S8
1^8t
•5«
•12
87
•39
677
•88
80
•86
36-96
S6-88
-33
•38
•07
•48
19
08
•04
•18
•48
•10
•11
• »-»4
676
•W
14
•1»|
08
18
•12
-OS
•09
•17
f53
165
•01
•08
•n
•88
•OJ
•04
148
43
3^J«
•83
•88
118
a76
101
•8»
17-58
17
19
83
<3
345
139
1800
l^M
•88
•OS
3.50
t-96
78
'48
•77
««
38 31
6-81
i:»
834
7-88
1-28
a-us
193 40
4-80
11 13
lioal
M-01'
il017
3314 13909
70-87
•16
13
1»3-40
lawao
80i
81
43'41,
3-09
3-JO
-85,
.
fso!
624' 5^19
63^3l!iI0-5;ll»48
16-80
3U
•03'
I
n-«7i
1
•80
121;
lSOa;10^15'll-7l
9-3U
•4;
S8J
!»-98;
43
108
•88
1-08
S3i
43939 1367 li90» 44»i
•i'i-9S
30-86
tl-33
16|
1^78
•78
•08
•01
•01
•67
01
41
•71
•08
•08
81
•18
•11
•48
•10
•14
•28
•18
•06
I
3-63 20^1
•88
•61)
•18
•18
16
•oai
•19;
111
•30!
•03
•63[
338
ia«
3^5S
'80
33
70
860
117
18 41 76-si 14-48
'31
•10
•43
7-48 <4^38
1^37
3-01
S-88
•81
4-43^
•18
•61
•48
•86
•49
a?
•68
08
674
•ST
•41
3-38
•26
3-69
338
3'70lll>^81
S91S
a-8«|
88
•J74
40-48^
7-61
•03
887 34-S7
fs; •26-37
•28
•l«'!tlt4'M »S-7K 1>J-Ii »«--.li« •lo
•6S
4-4'J
14-88
117
71tH
33-U
39-oe
33'!»
1671
ISii
--«r«
1,»63M IJW7-97 3J1*77
18l^07
S43-18
-83
4963
•a8j
10
3387!
8638
37 13
•68
•61
687B
88
,18-80
•87
ISO
s-ss
811
49-70
•-18
4^«6
6«7
1-86
•01
33648
70«
34«
S-8«|
S7«l
31-4t
73-lS
•Jir
a-681
IfW
•JTX
•iOU
13-17J
as-.-'
34«
•51
49
10 99
7-8i>
as 71
•01
•01
JfllltoM.
670-78 1.333^33
33:138 31311
•02
6'80
11>7
18
.t-31
14~i4
43
3^i«
•05
•^o•na A.I -n/t' 4 a-4
a6«n-4»
•l«
•01
•20!
iliUtnnt.
MU't.
90 Il'i9!43'as
•63i
6^ue
•es
JtfU'i.
17
a-9-
Circulation
Due to depositors
Due to banks
Tola's
1,0.50
79.620
(
5,01)5,374
_?
Undivided proUts
liabilities
900
37,350
5,000
8,050
17,900,,738
11,193,!
,507
40,569,,088
2i,393,,130
43,045,(
,047
29,214,1
,180
8,170,(
,644
21,035,!
,561
3,207,1,948
9,047,;
,146
738,.549
it
*;
46a5
1-iu
1009
Other
1.062.3111
fe
^
1^
Loans
1148S 414-28
Bonds for circulation..
•js-ss 13-81
Other U. S. bonds
•IB
671
Stocks, bonds,
.11.11:0
ji
^
ftc.
Resources,
195,160
40,000
10,020
4,090
74U.910
2,886,864;
STATEMENT OF THE NATIONAL BANK8 OF THE RESERV^E
TOTAI,.S FOR
Cities.
7
481.600|
10,040
5(>,160
52,250.1159
875,31'?
10,&91,6.?7
2,914,172
8,400,947
9,180,404
56.505.393
326,322
183,627
142.731,
616,7461
184,931
123,514^
^
810,8(18
85,591
8,308,815
3,919,311
25,393.280
5,625.244
2,050,813
231,664
11,407,475
3.616.272
lH5,.5»3
10i),08l
2,843.864
16tj..^54.631
981,900
20,000
2a2,500
137,576
266.250
134.000
250,000
"New Mexico
"73,604
434',6'ii
3,932,513
3,602.983
3,455.326
10,606,698^
1,79.9,759
75,000
? Colorado
Idaho
^ Montana
43
,(!i;-..
484,459,203 43,644. l.>0 (>J,24-
47,894
111,618
8,492,9!I7
39,10!l,486
Ban Francisco.
3,284.509
18,374.491
4,UC2,973
3,184,413
676,124
10,174,S62
2,465,981
43,063.412
11,939,098
10,167,400
11,283.181
3,250,000
3,265.000
4,0S8,y05
4,815,000
2,240,000
....
[
I
l,:ia2,(K)
2,411,280
30,778,960
18,401,834
34,31 1,1 (i7
27,806,340
6,999,006
16,66"), S42
3,874,93J
9,594,173
650.000
3.795.000
90.195.100
Missouri, oth'r
• Kansas
r^ I
21.010 1.8j3,a71
27»,590| 10,726,773
1,087
6,7a»,734
North Cirqlina
South Carolina
w
£f
i'2
1,823.933
2,6.) 1,700
E
_
1.572.3.3
30, .521,11.-.'
it,S'i7.987
ri,8sO,
11.713,2(10
.
82,603,2011
3,501,814
".0,000
....
Virginia
Weat Virginia.
Total Zttv.No.3
:i,-|i.i,!M-.j
H, 814,
1.
Xarvlaiid.oth.
I)i»t. t'ol..
ll4,3J'.»,?,il,
73 iji,in,o.-
1,7.50,000
N. York, other
Nf'w JiTsey...
<C
1,431
l:ii,42K
ia0,114,t)74
• Allmnv
I
•.;3
3-.CI
305.7!i:.
l(),'.!il),lll(ll
( Delaware
w Hullimorc
i:ii(.03i
J,>94
City
M
IOS.449
I
l,(c_',i.2<o'
.o
in.iMo
1,810;
11. 321,
r.Oi)
..
I
:n,-,.:cj.i
II.),
l,r>l
l:(..'j
[Nlimd.
lilioiU^
Counvetk-uc...
Total Dlv.No.l
i:i'.i.o:9
I -11
1.1
7.«71,0()0
-
2.4BO,0n.%
483^s»'
34783;
1
.|_ _i«|
30.1
3-27
834-IS
144-81
••*•
!•*
2»»-*»
i.i
,OIO'»
lOi-t,
•2S8-07
•-4S
rag __•:!!
:
»
:
THE CHRONICLE.
606
[Vol. XL.
Tlie roads operated, main line, branches, and tributaries, under lease,
aggregate about 4,750 miles, the gross earnings of which (exclusive of
land sales and income from sinking funds and iuvestraents) were in
round numbers in 1883 $34,500,000 and in 1884 $30,000,000. • « *
%uvtst m e tt t
AND
Leland Stanford,
(Signed)
New York, March
The 1NVE3T0ES' Supplement contains a complete exhibit of th e
Funded Debt ofStates 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 Chroniolb.
Extra copies are sold to subscribers of the Chronicle at 50
eenU each, and to others than subscribers at $1 per copy.
ANNUAL REPORTS.
Southern Pacific Company.
This corporation has lately come into prominence as the lessee of the Central Pacific, and as the controlling company which
holds most of the stock of the railroads between San Francisco
and New Orleans. It must always be remembered tliat it is
not the Southern Pacific Railroad Company of California, &c.
The rental of the Central Pacific road may be applied to payment of its floating debt, as heretofore stated by President
Stanford in his telegram to London. The floating debt of the
company has been held mostly by its friends and managers,
and the first rental of |1,200,000 will be dueon May 1, 1886.
and whatever is not then applied to the floating debt will presumably be paid as a dividend. The rental, however, will be
subject to any new demands of the U. S. Government arising
from future legislation. The stockholders of the Central Pacific Railway will not be asked to vote upon the lease of their
road to the Southern Pacific Company, and Wall Street will
be apt to draw the conclusion, whether correctly or not, tliat
the Huntington party has sold out most of its Central Pacific
stock, as this lease will give control of the property without
ownership of any stock, and has much the same effect as the
lease of Wabash to Missouri Kansas & Texas, or the old leases
oftheekvated railroads in New York to the Manhattan Co.
Nothing has appeared recently in the newspajier comments as
to the laws of California in regard to railway leases, whether
or not a vote of stockholders is necessary to ratify them.
A circular report has been issued by the President and is
condensed as follows
FIHtT ANNUAL REPOKT.
the StncllioUUrs of the Southern Pacijic Company :
I h.ave to report that, pursuant to tlio iiowers aucl rvciuirements of the
To
charter, organization was duly efl'ected on the 14th day of Ausust, 1S8I;
and that one million dollars ot the capital stock wasaiiljscribed and paid
In. The capital has siuce l)een (Ixed by the directors at $100,000,000.
The amount disposed of, the proc(cd8 ot ^Yhich have been used for the
purchase of obligations of other comp.xuies, is $85,037,300.
The stocks aiul bonds ot eertalu companies enumerated below have
been acquired from the owners, on terms which seemed to the directors
reasonable and eiiuitable. The privilege of ,converfion is still being
availed f, and it is believed all, or nearly all, stockholders will come in.
The company now owns, and has in its treasury, the following assets,
which comprise substamially the entire ownership of the lines:
Tata! stoel.- of
Ao. of
com pan t/.
Par value.
Kame of corporation.
shares.
$i4,o;i9,l(i0
$13,3Ki.O.'iO
Calilornia.
433,64(1 12 So. Pae. EBi. C'o.ot
19,995,0
19,990 000
So. Pac. BR. Co. of Arizona
10i>,900
6,688,t-00
6.858.800
66,88fi
So. Pae. RR. Co. of New Mex.
5,000,000
4,062,700
40,627 Mor. La. & Texas KR. & SS. Co.
27,085.1(0
258,120 Gal. Harris. & San An. Ky. Co. 25,812,0.0
3,9S4.000
5,000,000
39,840 Texas <fe New Oileaus Ry. Co..
3,30(',O(iO
2,688.000
20,880 Ijouislana Western KR. Co
4,92i,100
3,337,700
33,377 Mexican Intcruational RB. Co.
<
1,099,27213
$109,927,250
Total
$116,290,100
Bonds.
1,110
Galves. Harris. & San Antonio,
1,H0,000-$111, 037,250
Western Division, 6 per cent.
This company has issued no bonds, and has incurred no debt or obligations beyond the month's current pay-rolls, supply bills and engagements Incident to operating its leased roads and water craft.
LCASES.
Contracts have been entered into with each of the nbove-niimcd companies for the lease ot their respective railroads and their appurtenant
property, so as to form one continuous through line between San Francisco and New Orleans, with the addition of eHicient steamship lines
between New Orleans and New York, and between Gulf ports, for a
period of ninety-nine years, from the llrst day of March, 188S. In consideration of the benefits to accrue from the lease this Company agrees
to maintain the roads in good order, add to and better the same, as miiy
be necessary, to pay all the (u'dinary expenses, fixed and other charges
against them, including the payment ol interest upon their bonded
inclebtednees and sinking fund reciuireiuents.
The road leased from the Southern Pacific Railroad Co. of California
docs not include tie Colorado division now operated under lease by the
Atlantic & Pacific Railroad Company.
The lessor companies are to receive as rental perccntagesof the entire
surplus net profit accruing to llie lessee, distributed annually in the
^ following proportions
From
Southwestern (Gould) Railroad System.
(For the year ending Dec. 31, 1884.)
the annual report just issued the following informa-
is obtained.
The report says
" The principal cause of the decrease of gross earnings was
the general business depression throughout the entire country,
although floods and failure of crops in certain districts, together
with increasing local competition contributed to the same
results.
The gross tonnage moved nearly equaled the amount
or the previous year, indicating that the development of the
country was progressive, although the decrease in the Mgher
classes of freight and the increase in competition reduced the
average rate received." * * *
"In the State of Texas the cotton, and the grass crop in the
central, southern and western portions of the State, was a failure, by reason of the drought, the cotton movement of the
past year aggregating only 976,170 bales, against 1,159,780 bales
in 1883. The grain crop was generally above the average, but
the low market price retarded its movement to market and
prevented the producer from purchasing in return those articles which constitute the most profitable tonnage for transportation. The same causes decreased the revenue from passenger traffic." * * *
The gross and net earnings and expenses of the properties
separately, compared with the two previous years, were
tion
:
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LRASE OF THE CESTKAT, PACIFIC RAIt.H'lAI).
In addition to the foregoing lease of roads between San Francisco and
this company has entered into an agreement of lease with
the Central Pacific Railroad Company for the use of its entire road
branches and dependencies for a period of nirjety-nine years from and
after April 1, 1885, taking over the agreements ot lease which It had
with certain roads in California. Under the terms of the present lease
(which wcte deemed to be fair and reasonable in view of existing conditions) this company, in addition to the payment of all ordinary expenses, interest upon funded and floating debt, and the existing sinking
und and Government retiuireinents, alto guarantees a minimum rental
$1,200,000 per annum (whicli may o increased, if net earnings ot
- leased road justify, to $3,600,000.)
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Ferce7it.
Southern Pacific Railroad Company of CaUfornla
Southern P.iciflo Railway Conipan.y of Arizona
Southern Pacific Railroad Compiuiy of New Mexico
Galveston Harrisbmg <fe San .Vntonio Railway Company
Texas & New Orleans Eailw.nv Company
Loidsiana Western Railroad Compauy
Morgan's Louisiana tt Texas Railroad & 3. S. Co
President.
31. 18S5.
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The income account of each company for the past two years
found in the statements following
MISSOURI PACIFIC.
will be
:
IXCOMK ACCOUNT.
ReeeiotsNet earnings
Dividends, &o
Total net income
—
Disbursements
Interest ou bonds
Dividends paid
Rate of dividend
Taxes, rentals, &o
Total (Usbursements....
Bilance for year
^„ i.S?S„«
$3,769,730
700,5o2
$4,470,282
18S3.
84,175,266
439,661
$4,614,927
1881.
$1,284,750-
206.822
$1,491,572
$1,798,200
$1,067,880
2,098,105
2,097,348
7
7
77.'J.03(J
348,06 8 __ 420,296
$4,185,524 ^ $1.0' 1.341
lf3,892,877
6ur.$577,405 6tir.$429,403 dcf.$170,769
$1,598,390
1 ,9 10,419
6I4
April
THE CHRONICLE.
25, t885.]
ST.
LOUIS IRON MOUNTAIN A SOUTHERN
INCOME ACCOUNT.
1882.
if3,73a.G22
Kteeiptt-
Net
euriilugii
1883.
Otlier iveolpts
Totnl n«t Income
Uitorcst OH hoinls
1884.
$},464.SO0
>^,U00.130
05,054
102,89'J
44,7!i7
$3,838,514
$3,785,174
$3,500,320
a!,248.!170
$2,2.'>0.1»3
$2,206,8.''>i
oarex.,&c.
499,0U3
479,480
554,093
Total cUslnireeiuenta....
$2,748,0-12
$2,738,079
$2,700,917
8ur.$l,089,S72sur..'i!l,0'10,405
8ur.ii<748,379
'4kxi'8,l>i'°guiiu(l
year
BiilMii'O for
MISSOURI KANSAS & TEXAS.
Dlvldemia,
1883.
1882.
$2,205,478
$3,197,007
140,207
2,472,241
$3,343,214
$3,427,423
$2,378,822
191,059
$2,492,517
479,200
$2,439,018
470,001
$2,509,881
$2,971,717
gur.$371,407
siir.$508.114
Total net income.
DishursemenU—
Interest on Itonds..,,
Taxes, rtutals, &o....
Total dlslMirsements....
Balance for year
1884.
$2,970,004
200,703
Ac
<lef.$97,010
INTERNATIONAL
&.
457,419
$2,919,279
(JREAT NORTHERN.
INCOME ACCOUNT.
Tiercipis—
Nit earniuga
Other receiiits
Total net income.
jyUhHrsemcnUt^
Interest on bonds
Taxes, rental, &o
Total dlsburjements....
1882.
$1,006,000
07,072
$954,252
34,057
$024,722
$1,073,972
$988,909
$053,093
$1,119,057
05,088
$908,785
110,417
$914,417
145.290
$1,185,345
$1,025,202
der.$36,293
$1,059,707
aef.$m.373
Balance for year
1883.
1884.
28,971
det.$-106,014
18S3.
1S81.
Deflcit In net earnings
$55,460
$28,860
Disbursements—
Interest on bonds
$7.').000
$100,000
Total disbarsements
Total deflelt on operations
Rental from Int. & Gt. Northern.
Balance, deficit of income
wm
m
The development of local basiness as compared with throairh
business has a peculiar interest in connectfon with the Union
Paciflo Railway Co. proper, arising out of the (lovemment
lien attaching to the subsidized portions of its road. This lien
now represents a debt, principal and interest, which will mature in the years 1896 to 1899, of $48,864,250. The Hen is in
the nature of a second mortgage, the company's first mortgage bonds having a priority. The revenue from the business
done over the main line is, therefore, the source to which the
holders of this aggregate debt of $83,396,2.)0 must look for
payment of interest, and the security of their principal.
The Union Pacific system is composed of the roods of tiie
Union Pacific RailwayCo.(l,831"00mile8)and certain auxiliary
lines (3,644'5l miles).
It has a total length of road of
4,476-41 mUes.
EARSINOS AND EXPENSES.
The earnings and expenses for the year have been as
Union Pacific Auxiliary
RaUvay.
2,405
8,815
$77,405
$132,805
63,330
$108,815
$137,675
$69,509
$77,394
00,281
LAND DEPARTMENT.
"Tlie operations of the land department of
Lvnet.
follows:
Vnion TmHfic
Sytlem.
Orou
earnings
$17,970,970 $7,820,229 $25,701,109
Operating expenses and taxes... 9,100,085
6,012,907
15,113,053
Net earnings
GALVE3TON HOUSTON & HENDERSON.
Taxes, Ac
bminMi between the termtnal potnta of the MrenI orlcioal
constituent partH of the coiMoUd«te<l line
aooouated
"througii" and nil other busineie "local." Under
the new
rule adopted in 18-41, all biuinesi wai retorned
"kmU "
except that passing to and fro between the weetarn termloae
of the Union Pacillc proper at O^iJon. and iu ssreral
eastern
termini at Omahri, ( ouncil Bluffs, K»nw^ City and Leavenworth. Pacific coast buiinuM includes all buiinen to or from
points west of Winnemucca, a station on the Central Paoiflo.
410 miles from Ogden. On this basis the Pacific coast fretabt
in 1884 was |1,095,000, out of total freight earnlnca of
flV
813,708,
INCOME ACCOUNT.
Senlpls—
Net eanilugs
607
Eipense
ratio per cent
$3,870,884
$1,807,261
$10,678,140
50'61
76-89
58-60
Operating expenses and taxes were $786,848 less than in
1883.
During tlie first fix months these items showed a comparative increase of $605,853; during the last six months the
comparative decrease was $1,383,200.
The saving was effected wholly in operating expenses, as the taxes were exceptionally heavy.
The largest decrease in expenses was in motive
power, $703,503; maintenance of cars shows a decrease of
$118,839; maintenance of way and renewal of rails, a decrease
of $413,638; conducting transportation, an increase of $120,030, and general expenses and taxes, an increase of $24,602.
UNION PACTFIC SYSTEM.
the Missouri
Texas, St. Louis Iron Mountain & Southern and
Tex.
Pacific railways are exhibited in the table below. The
The gross and net earnings of all the roads for '84 as published
lands of the Mo. K. & Tex. ER. are practically all sold." • * * during the year, without deducting taxes, were as follows:
"The lands of the St. Louis Iron Mountain & Southern R'way
Aver, miles
remaining unsold on Dec. 31, 1884, comprised Lands in MisRoad.
operat'M.
Gross earn'yi.
Jfet earn'gs
souri, 114,166 acres lands in Arkansas, 895,653 acres total,
Union Paciflo RR
1,831-90
$17,970,970
$0,546,044
-231.709
1,009,818 acres, from original grants of 1,508,173 acres. The Omaha A Republican Valley RR. 234-15
068,744
Omaha
Niobrara
Bile
99-28
&
Hills
R..
186.654
74,082
lands of the Texas
Pacific Railway remaining unsold on
Colorado Central Railroad
32707
1,492,142
584.480
Dec. 31, 1884. amounted to 3,965,025 acres, from original Echo & Park City Railrnad
32 27
115,102
55.556
grants of 4,924,851 acres.
57-50
Salt Lake & Western Railway....
99.089
50.281
1,191.069 def.233,477
"While the sales of lac ds'in Mifsouri and Arkansas were Denver South Park & Pac. Rwy. 320-70
461-90
& Northern Raihv.iy
1,993,576
921.327
smaller during the past year than in 1888, the sales in Texas Utah
Orejion Short Line Railway
595-88
1,059.199
362,946
have been larger than those of any previous year, aggregating Greeley Salt Lake i PaciHc Rwy. 5389
81,884
3,652
31-00
41.870
def.7,733
551,473 acres, at an average price of $3 08, against 305,693 Lawrence & Emporia R.illroad...
71-87
198,703
79,921
acres at an average price of $3 68 sold in 1883. Of the lands Junclion City & Ft Kearney R... '67-04
Solomon Railrsad
139,596
68,818
in. Texas remaining unsold, one-fourth may be classed as
36-00
Salina & Southwestern R'way...
71,562
30.821
27-00
100.433
desirable for agricultural purposes, and the remainder for Denver & Boulder Valley RR....
22,903
0-10
25,028
Boulder* Caribou RR...
15,462
Sazing purposes only. The sales for the past year were Golden
167'33
283,267
def.89,228
Kansas Central Railroad
rgely of grazing lands, a class wliich is rapidly appreciating Oeorget'u Breckeur'o >fe Leadv'e..
5-55
13,744
907
in value and demand.
Montana R., Stuart Branch
3-71
44.401
29.256
Mo. Kan. ^Sl.L.Ir'nMt.aSo.
Texas <t
Total
4,420 20
$25,791,199 $11,776,739
<t Tejcas.
Mo. Lie. Ark. Dir,
raciflc.
1,098,592
Taxes
Total No. of acres originally
granted aud pnrchaaed
003,709 139,375 1,303,798
4,924,851
Kansas
&
&
:
;
;
&
No. of acres fold during 1884.
Average price per acre, 1884..
No.of acres unsold Dec. 31, '34
Tota lam't of sales, including
4.914
1,504
$3 47
$4 10
2,078 114,100
town lots, during 1884
$17,051 $0,568
Cash received during 1884.... 111,431 11.821
Notes received diuiug 1S84... 11,490
3,289
L'ud gr'nt eecuiities East. Div.
31,242
$3 20
895,652
5.51,473
$3 08
3,965,025
!115,464 $1,735,797
94.915
67,407
92,790
967,740
& P. Ev. rec'd la payment
of land purchased 1884
T.
753,736
Union Pacific Railway.
(.For the year ending Bee. 31, 1884.)
The voluminous report of this company was received last
week too late for comment. Remarks upon some of the
interesting features of the report will be found to-day in the
editorial columns of the Chronicle.
The main statistics of
income and balance sheet have already been given (see issue
of March 28, p. 391), and statistics are also published in the
INVESIORS' SUPPLEMKNT of this date, on p. 84. The report is
particularly valuable in giving a full account of all the
auxiliary lines of the company, with their earnings, expenses
and balance sheets, and thus unfolding a large cliapter of
Union Pacific history which was never before accessible to
the public. The following information, condensed from the
report, will be found interesting.
THROUGH AND LOCAL
BUSINESS.
In the beginning of the year 1884, a new division of traffic
as "through" and "local" was adopted, both for the Union
Pacific Railroad proper and for the whole system. Prior to
1884 all business between Council Bluffs and Omaha on the
east, and Ogden on the west, was accounted "through" as
well as that between Kansas City and Denver, Leavenworth
and Lawrence, and Denver and Cheyenne. In other words,
$10,678,146
DEPAR-rME.vr.
The land sales during 1884 were larger than those of any
previous year. The net proceeds of the land grant salee since
the consolidation of 1880 have been as follows
Union Tac. L. O. Ean. rae. L. 0.
Tear.
$268,417
$779,783
1880
313,012
467.313
1881
321,890
1.016,100
1882
948,«1S
2.643,991
1888
1.831.549
6,509,126
1S84
All the agricultural lands in the Union Pacific land grant
have now been disposed of -the estimated acres of grazing
land in that grant remaining unsold are 3,267,440, and of arid
the total being estimated as worth $1,688,lands, 1,8CO,000
630.
There are estimated as unsold of the Kansas Paciflo
land grant, 4,153,013 acres of grazing lands and 661,119 acres
of agricultural lands, the total value of all being estimated at
Surplus earnings, taxes deducted.
LAND
:
;
;
$11,969,066.
The trustees of the Union Pacific Railro:id land grant mortin hand in cash and contracts the sum of $12,549,449 (of which $3,210,797 was c.ish) with which to redeem
The balance, or
$3,360,000 land grant bonds outstanding.
$9,189,449, with the annually-.iccruing interest on contracts,
fund
is applicable to the retirement of the $14,621,000 sinking
gage have
eight per cent bonds.
GENERAL INVESTMENT NEWS.
Central Massachusetts.— A committee has been appointed
by the stockholders of tUs company to consider its ftnanclM
condition and make whatever plans may be possible.
—
:
.
THE CHRONICLE.
508
Chicago
St.
Paul Minneapolis & Omaha.— The annual
&
Omaha Railroad
report of the Chic. St. Paul Minn.
for the year ending December 31 shows:
18S4.
$5,7S4,931
4.007,022
Gross earnlnsrs
Operating expenses
Net earnings
$1,777,909
1,107,925
Interest
Balance
Eentals and loss in operating propr'y roads
$069,933
62,239
[Vol. XL.
$2,500,000 collateral trust certificate?, the proceeds of which
will pay for the control of the preferred stock
already
secured.
Company
1883.
New York
Stock Exchange.— The Governing Committee
Exchange has .approved the recommendations of
the Committee on Securities to list $317,000 divisional bonds
$1,891,457
1,068,747 of the East Tennessee Vu-ginia & Georgia, making the total
issue $3,867,000, and $3,000,000 of the first mortgage 6 per cent
$822,711 bonds of the New York & New England Railroad Companv,
47,921
making the total $10,000,000 |3,.500,000 of the sinking fund
$774,790 sixes of the Atchison Topeka & Santa Fe Railroad, making
547,777 the total amount out $13,848,000, and $387,000 of th? ten-forty
sixes of the Louisville & Nashville Railroad Companv, which
$1,322,567
770,476 brings up the total issue lo SB, 000,000. The old stock of the
Mutual Union Telegraph Company was stricken from the list.
$5,515,284
3,623,827
of the Stock
;
Balance
Land
$607,744
651,124
sales
Total net income
Dividend 7 per cent on preferred stoclt
$1,258 869
787,976
Surplus
Total surplus Deo. 31
$352,091
$470,393
$1,652,880
$2,123,753
The foregoing shows that whereas the total net surplus of
earnings over interest and rentals was $774,781 in 1883, or just
equal to the dividend of 7 per cent on the preferred stock, it
was only $607,744 in 1884. or $180,333 less than the dividend.
—
Denyer & Rio Grande. It should be clearly understood
that two committees are in the field with reorganization plans
for this company. The first one is the Philadelphia committee, with headquarters in New York at 53 "William Street.
whose plan is made chiefiy in the interest of the equipment
certificate holders, and requests old first-mortgage bondholders to surrender their bonds, giving up their present exclusive
lien, and take others bearing a lower rate of interest.
The other plan is ofliered by the committee of consolidated
mortgage bondholders, of which Mr. Coppell, of Maitland,
Phelps & Co., 24 Exchange Place, is Chairman. This committee represents a large amount of foreign bondholders and at
their meeting on Thursday they had about $6,380,000 bonds
represented. They will go on and take further assents to the
proposed plan as rapidly as they can be gathered in, and as
soon as a majority of bondholders have assented, the trustees
will proceed to foreclosure of the mortgage and reorganization of the company. This plan very properly leaves the old
first mortgages untouched, unless the holders choose volunreduce their interest.
Eastern (Mass.)— The balance due the Eastern railroad for
the year ended Sept. 30, under the lease arrangement, was
$345,000, which has just been paid over by the Boston &
Maine. The lease dated back to Got. 1, 1883, although not
ratified until last fall.
Of the amount paid over, $100,000
goes into the sinking fund for the redemption of the bonded
debt. The stock gets nothing until the bonded debt is reduced
to $10,000,000. Whether it will be so reduced by the conversion of the balance of the debt above $10,000,000 into preferred
tarily to
stock
is
yet quite uncertain.
East Tennessee Virginia & Georgia.— The gross and net
earnings since July 1 have been as follows:
—
Gross Earnintfs.
1884-85.
1883-84.
.$2,129,343 $2,308,955
.
July
1 to Dec.
31
.
January*
Felnnary
287,326
Marcli
324,400
317,988
320,392
331,109
$3,052,963
$3,278,474
3U,894
Net Earnings.
.
.
1881-85.
1S83-84.
$85.5.039 $1,072,063
172,925t
77,937
111,878
84,881
114,795
148,231
$1,224,723
$1,413,026
New York West Shore & Uuffalo.- In Puiladelphia the
holders of first-mortgage bonds of this company held a meeting and considered the proposed plan of reorganization. It
was stated that of the $50,000,000 issued in mortgage bonds
one-tenth are held in Philadelphia. Mr. Elias E. Kennedy
offered resolutions, which were adopted, appointing a committee of three—John L. Lawson, Frank J. Firth and R. H. C.
Hill to CO operate with any and all committees for the purpose of protecting the interests of the first-mortgage bond-
—
holders.
Mr. H. D. Bulkley, an expert accountant, who is connected
with the company and Secretary of the New York committee,
read a statement showing how the $35,000,000 to be raised by
the
new
to be applied.
It was as follows: To
not including equipment notes, about
$3,500,000; to acquire absolute title to equipment now in use
or process of delivery on car-trust contracts, about $3,850,000;
to pay off purchase money on station grounds, about $500,000;
to settle judgments, about $175,000; to settle floating debt of
the New York West Shore & Buffalo Railroad, about $975,000;
to settle unadjusted claims for right of way, about -$400,000;
to complete road from Weehawken to Buffalo, about $2,500,000; to purchase terminal property, about $8,000,000; to complete terminal, about $3,000,000; ifor additional equipment,
$1,000,000; for reorganization expenses and oontigencies, about
pay
first-mortgage
is
off receivers' debt,
$3,100,000.
Pacific Railroads and Pacific Mail.— The Central Pacific
Railroad Company has given assent to the proposition to
extend the old contract with the Pacific Mail Steamship Company until June 1. Mr. Huntington said that all the parties
in interest were likely to come together in the formation of a
new contract, and that there was little or no doubt that this
would be satisfactorily completed before the expiration of the
extended agreement.
& Beading. — The
Philadelphia newspapers
no evidence that any steps whatever have
been taken towards adjustment, and that the conferences
between the Bartol and Whelen committees have been productive of nothing but talk. The managers announce that
$30,000,000 of bonds have assented to their plan, of which
Philadelphia
report that there
is
$9,000,000 are general mortgages.
Judge McKennan has appointed Ex-Gov. James Pollock
examiner in the bill of foreclosure brought against the Philadelphia & Reading Railroad Company by William M. Robinson,
* Not including tlie first six days in i885, during which time the road
a general mortgage bondholder. Gov. Pollock went to work
was not operated hy receiver.
Receiver incurred only such expenses as were absolutely necessary. promptly and heard testimony on April 34.
Samuel W. Bell, as trustee of the income mortgage of the
Fort Worth & Denver City.- The gross and net earnings Reading Railroad Company, has filed in the United States
for March, and for five months from Nov. 1, have been
Circuit Court an amendment to his answer, which had been
March.— —~.
Nov. 1 lo Mar. 3 1 .—
previously filed in the Robinson suit for foreclosure of the
Total9mos
\
:
.-
1895.
1881.
1884-5.
1883-4.
Gross earnings
Operating expenses
$32,539
17,937
$31,532
21,850
$141,733
75,148
$162,209
Net earnings
$14,602
$9,682
$36,585
$63,9:3
Memphis
<&
March, and for
been
.
1885.
Net earnings
9-i.326
Charleston.— The gross and net earnings for
nine months from July 1 to March 31 have
March.1881.
Gross earnings
$109,252
Operating expenses....
97,680
^
«,
.
11,572
.
i—Juli) 1 lo
1885.
March
31.
—
18H4.
$111,925
88,462
$1,125,3(6
889,722
$1,076,275
700,761
23,463
235,624
375,511
Missouri Paeiflc— A press dispatch from St. Louis, April
HI, said: The long-pending case of the Pacific Railroad
Company against the Slissouri Pacific Railway Company and
a number of prominent railroad magnates mentioned in the
petition, was dismissed in the United States Court here to-day
by consent.
Tlie settlement of this case and the MarieGarrison case in N. Y. disposes of the vexatious litigation
which hung over the title to this company's property.
New York Chicago & St. Lonis. The committee appointed
by the first mortgage bondholders has appointed Mr. Thomas
Denny Chairman and Mr. J. C. ReiflE Secretary. At Cleveland,
C, April 20, the trustees under the equipment mortgage filed
a petition asking the Court to direct the receiver to pay them
$140,000 unpaid rental of equipment, and also to insure such
rejited equipment against loss by fire in accordance with the
•contract.
The Union Trust Co. of New York filed an amendment to the petition under which the receiver was appointed,
in which it says it does not desire to prosecute the foreclosure
of the second mortgage to the exclusion of the Central Trust
Co., trustee under the first mortgage.
New York Ontario & M'esti-rn.-The London & Amsterdam
committee of the Ontario & Western road advertise at par
—
general mortgage. Mr. Bell in his amendment claims that the
issue of $5,000,000 7 per cent bonds, which, under the Robinson bill, are claimed to be secured by the general mortgage,
have no lien prior to the income mortgage bonds, because the
deed of mortgage of July 1, 1874, stipulated that no greater
number of bonds should be issued, together with those then
outstanding, than should equal the sum of $60,000,000, and at
the time of issue of the said $5,000,000 7 per cent bonds more
than the stipulated amount was outstanding, and further, at
the time of the said issue the road was in the custody of the
Court through its receivers, and that, therefore, the issue was
illegal
and
void.
Pennsylvania Railroad.— The gross and net earnings in
March and for three montlis, are specially compiled for
In March, 1885,
the Chronicle in the tables below.
there was a decrease of $367,353 in gross earnings and a
decrease of $343,443 in net, and for the three months a decrease
of $1,014,997 in gross and $713,093, in net compared with 1884.
On the lines west of Pittsburg the net returns show an increase
of $53,843 in Jlarch, 1835, compared ivith March, 1884, and an
increase of $45,350 i^or the three months in 1885.
LINliS
EAST OF PITTSBORO AND ERIE.
Oross Earnings.
1885.
1884.
$3,277,522
$3,574,233
3,075,70J
3,126,733
3,035,374
4,002,627
.
.iHiuary
February
.Vliirch
.
Net Earnings.
1885.
1884.
$990,.574
$1,166,136
830.4S9
1,124,579
1,4J4,551
1,161,109
.
$3,695,266
$2,982,172
$11,003,593
to the lines west of Pittsburg and Erie, the monthly reports issued in 1884 and for the current year show the results
below.
The company's returns, however, state a gain for the
three mouths in the present year, compared with the year 1884,
of $32,070.
Total 3mos..$9,9?8, 596
As
—
APRIL
THE
BS, 188e.J
(^HRONICfLE.
LINB8 WEST OF riTTSBnRO A KRI>.
Net Siirpliu oe«r all LtabUiUes.
1885
188^
January
February
March
D«t.
Ii!73.420
Th>t.
100.780
50,010
Dtf.
Dof. i{il06,SnO
Def.
150,091
Def.
909
3. It Is well settled
!
thu Court that f !>
onforoe the pay m«nt ol lual alSflkl
d.ci.i..iis of
poij of affecting pr|«.ee<llnKs to
foiMtorof parmentlsoaulvaleni to aotn^iwyiSutJttiHlltrSl.
olrat to deprive the oolfeotlng
SmiSorttj tmtnSSSmSSS
and making every «ub«,,u,nt step IIIe«Il ao5^2M7
i
^^ ~*^
mom^lS
Inc. 33.136
Dec. 40,720
Inc. 52.S43
108,863
by ninny
*-.,T.':,i.';"i:"'^''!:,"..l:'
'i:'r."!'""
.«"'..""« ••'''ii''
»' ••"-lu
although issued by the State of Vlr.lnUon IU
Totol 3 months Def. $320,210
Def. $365,400
or«Ut u4 bmi4« NMlv:
Inc.f 15,260
able In payment of Uxo« and nacottoble iom loMMifmnklSi
L
Scioto Vftiley.— This road is understood to have been con- band by .lellvey merely, they wlmMtate?dMI
toWSoES?JIEL»
trolled for some time past in the interest of Mr. C. P. Hun- between Inrtlvhfuala and httwttm 0<nwnmmtiai iuhitwim»
SS^^ii, iv im
ordinary purpoeee of society.
tington or the Chesipeake & Ohio. A propos-ol is now made
5. An aotlon or suit brought by • Uxparnr who
has duly I
that new bondM bo issued bearing interest at the rate of 4 per
cent per annum and having fifty years to run, the whole issa« OOlorof offloe a« tax-oollertor.and acting in the i-iiforcement of a vat
bv
the Legl«latur»M)t the .state, having refused snrh nim^i
not exceeding ^,000,000, to be guaranteed by the Chesapeake passed
by seizure and sale of the property of the plalsUir uTadana
& Ohio and the IndianaiK>lis Bloomington & Western railroa<lB. prooeeds
the collection of such taxes, is an aotltm OTVnU~ac2M klmMnoaaTlTaa
These bonds are to be exchanged dollar for dollar a wrong-d(M!r. and is not against the State wttUn the OMnlng oftka
for all existing bonds and outstanding coupons, and the several eleventh amendment to the Constltnttonnf the United SlalW.
6. Such a defendant, sued as a
classes of bondholders, first, second, and consolidated, as also State In his place, or to justify bywrong-doer, who teeke to aabatltoM tk*
the authority of the
or Io^SmZ
the holders of floating debt, are to be reduced to a dead level, on the ground that the State ha^ o^lopuMl bis act andState,
exoMnt«d kta,
as if a first railroad mortgage had no priority over a third or cannot rest on the bare assertion of his defense, bat Is bonad lD«Mri?
llsh It and as the State Is a political corporate body wbleb
can aet ailr
fourth, or over an ordinary note. It is not strange that there is through agents and
command only by law. In order to eomnlela bw
some opposition to this plan by the holders of first mortgage defense ho must prodace a valid law of the
State whlob oonatttotea hi*
commission as Its agent an J a warrant for hts act.
bonds.
7. riie apt of the General Assembly of Virginia ot Jannarr M. 1883,
Shenandoah Valley.— A majority of the holders of all "to
provide for the more efllclent collection of
classes of bonds of the Shenandoah Valley Railroad Company Government, maintain the public schools and the reTenna. to mppert
to pay Intaraat on ttia
have appointed committees to consider the altairs of the nubile debt." requiring tax-collectors to receive In dlaobsraeotttataaaa
license taxes and other <lues. gold, silver. United Statea TlaasiiiJ aaiaa.
company and recommend some plan of reorganization. J. National
currency and nothing else, and thereby fWMdffililt Hi*
W. Brock is the Secretary, 138 South Third Street, Phila- receipt ofbank
co ipons Issued under the act of March 30. 1871, In nmiant
delphia.
therefor, although It Is a legislative act of the Government of Vlrstala,
Is not a law of the State nf Virginia, because it ttnpalrs the obligation of
Texas Si St. Lonls.— A press dispatch from Galveston, Its
contract and Is aonullivl by the Constttatlon nf the United States.
Texas, April 23, said that " in the United States Circuit Court
8. The State has pus.sed no such law. for It cannot and wbatlteaoaot
Judge Pardee issued a decree in favor of the Central Trust do. in contemplation of law It has not done. The Oonatltatlon of lb«
States and its own contract, both Irrepealable by any act on Ita
Company, of New York, against the Texas & St. Louis United
art. are the law of Virginia; and that law made It the duty of the
Railway Company, ordering the foreclosure of several mort- S efeudant to receive tne coupons tendered In payment
of taxes, and
every step to enforce the tax thereafter taken to be without
figes standing against the company, aggregating $6,000,000. declared
he decree affects only that portion of the road in Texas. The warrant ot law, and therefore a wrong. This strips the defendant of
his olH(Mal character, and convicts him of a i>er8onal vlolaUon of the
time and place of sale will be announced by J. M. McCormick, plalntitTs rights, for which he must personally
answer.
of Dallas, Special Master in Chancery in the case."
y. It is no objection to the remedy In such cases that the statute, the
application of which in the particular case Is sought to be prevented. Is
Southern Pacific Co.— The status of this company is shown not void on its face, but Is complained of only beeaose Its operation In
by the report on another page. The directors and officers of the particular Instance works a violation of a Oonitltatlonal right, for
the company, elected at a stockholders' meeting held at Louis- the cases are numerous where the tax laws of a State, which fn their
ffoncral and proper applicition are perfectly valid, have been held to
ville, April
1885, are as follows
Leiand
mm
;
;
8,
:
Directors
—
Stan-
)ecoiiie void in iiartlcular cases either as unconstltntionalregolattaaa
in commerce, or a.s violations of contract prohibited by the Oonatttation, or because in sane other way they operate to deprive the party
complaining of a right secured to him by the Constltatlon of ibe United
Timothy Hopkins, E. H. Miller Jr., F. S. Douty, W. E.
Blown, C. P. Huntington, Charles Crocker, T. W. Peirce, S.
T. Grage, Ariel Lathrop and Charles F. Crocker.
Leiand Stanford,
C. P. Huntington, 1st Vice-President
Chas.
Crocker, 2d Vice-President
Charles F. Crocker, 3d VicePresident Timothy Hopkins, Treasurer; E. H. Miller Jr.,
Secretary.
ford, President
;
;
:
;
Toledo Cincinnati
&
St.
Louis.—The Quigley committee,
controlling a large majority of the bonds of both divisions of
this road, gives notice that bondholders who desire to do so
may subscribe to their plan of reorganization up to May 10th,
but not afterwards.
Union Paciflc—The Union Trust Company of New York
has been duly appointed a transfer agent in New York, and
make payment
of all coupons of this company and its
which have heretofore been paid at 195 Broadway.
Yirginia Coupon Tax Cases.- The United States Supreme
Court at Washington on April 30 decided the Virginia coupon
tax cases in favor of the bondholders and against the State.
The cases stood upon the docket as follows
No 598— Tliomas Poindextcr agt. Samuel C. Qreenhow.
No. 595— William L. White agt. the 6ame.
will also
auxiliaries,
:
—
No. 590 Samuel S. Cui-ter aj;t-. the same.
No. 826—9. Brown Allen, Auditor, and others, ajft. the Baltimore &
Ohio Railroad Company.
No. 1,260— R. B. Chaffin agt. William Taylor.
No. 588 is from the Hustings Court of the City of Richmond;
Nos. 589 and 590 from the United States Circuit Court for the
Eastern District of Virginia; No. 836 from the same court for
the Western District of that State, and No. 1,360 from the
Virginia Supreme Court of Appeals.
The first three cases present directly the question of the
effect of a tender for taxes of the coupons of the bonds of
March 30, 1871, and the right of the Virginia taxpayer to
bring suit for damages against the tax-collector for levying
on his property after a tender of tax-receivable coupons. The
sixth case presents the question of the right of a citizen of
Virginia to pay a license tax imposed by a statute of that
State in the tax-receivable coupons of the bonds of March 30,
1871. The fourth case presents the question of the right of a
non-resident taxpayer of Virginia, after a tender of coupons
for taxes, to an injunction to restrain the levy on and sale of
his property.
The principal opinion in this group of cases has direct
reference to No. 588, Poindexter against (Jreenhow. It was
prepared and delivered by Mr. Justic Matthews, and decides
the question presented by that case as follows:
1. By the terms of the Funding Act of the State of Virginia of March
30, 1871, and the Issue of Imndg and couinma in virtue »t the same, a
contract w.is made between overr coupun holder and the State, that
such cjiipons sliiiuld •• be reoeivahle at und after maturltv for all taxes,
debts, dues and demiuds due the State;" the rlgiit of the ooaponholder under which was to have his coupons received for taxes when
offered and any act of the State which forbids the receipt of these
coupons for taxes Is a violation of the contract and void as against
coupon holders.
2. The faculty of being receivable in payment of taxes was of the
;
essence of the right, as It constituted a self-e.xeculiug remedvlnthe
hands of a taxpayer, for It became thereby the legal dutv of every taxcollector to receive fuch coupi.ns in naymeut of taxes upon an equal
footing and with equal etfect as though they w.' re money and after a
tender of such coupons duly made for that purpose, the situation and
nghts of the taxiiayer and coupon-holder were precisely woat Ihey
would have been if be had made a like tender iu money.
:
Jtat
8.
10. In cases of detinue the action Is purely defensive on the part of
the plaintifT. I;9 object is merely to resist an attempted wrong and t«>restore the status in quo as it was when the right to be vindicateil wa»
invaded. It Is analagons to the preventive remedy of injunvtion, la
equity, where that .(urlsdlction is Invoked, of which frequent examples
occur in cases to prevent the Illegal taxation of national banks by
State authorities.
11. The suit authorized by the act of the General Assembly of Virdnla of January 26, 1882, against the collector nf taxes, refusing to
accept a tender of coupons, to recover back the amount paiii imder protest, is no remedy at all for the breach of the contract, which required
him to receive the coupons in payment. The taxpayer and coupon
holder has a right to say he will not pay the amount a second time and
insisting upon his tender a* equivalent t<i payment, resist the further
exaction and treat as a wrong doer the oflicer who seizes his projierty
to enforce it.
The right to pay In coupons cannot be treated as a mere
right of set-off, which is a part ot the remedy merely when given by the
(Kneral law. and therefore sul'.|ect to moditleation or repeal, beeanse
(ue law which gave It is also a contract, and therefore cannot be
changed without mutual consent.
12. Neither can it be considered an adequate remedy In view of thw
supp^ised necessity for summary proceedings in matters of revenue, and
the convenience of the State, which recpiires that the prompt collection
of taxes should not be hindered or embarrassed; for tho revenue system
most yield to the contract which the State has lawfully imxte and tho
obligation of which by the Constitution It Is forbidden to Impair.
13. The act of the Gentral Assembly of Virginia of January 2B, 1882.
and the amendatory act of Match 13. 1884. are unconstitutional and
void. Iiecause they impair the obligition of the contract of the State
with the couiion-holder under the act ot .March 30, 1871; and that being
the main object of the two acts, the vice which Invalidates them, |>ervsdes them tlirou«hout and In all their provisions. It Is not praettoable
to separate those parts which rei>eal and aijolish the actions of trespass
and trespass on the case and other particular tonus of action, as remedies tor the taxpayer who has tendered his coupons In partnent of
taxes, from the main obto<-t of the acts which that pmhibtUon waa
intended to etfeotuate and ii follows that the whole of these and similar
statuies must be declared to bo uncnnstltutlonal.oull and void. It also follows that these statutes cannot he. regarded In the Courts of the United
States as laws of the State, to be obeyed as rules of decision in trtals at
commim law under section 721 Revised Statutes, or as regulattag tba
practice of those Courts under section 914, Revised Sla'utes.
14. Tho jiresent c;ise is not covered by the decision In AntonI agai::st
Greenhow. 107 U. S.. TOO, the points now Involved being expressly
reserved in the Jud.^ment in th it caa".
;
.
Court in other cases of this
Nos. .589 and 1,260, covered by the abo\ •
opinion in No. 588. No. 9i6, Allen, Auditor against the Bnltimore
Ohio Railroad Company. The Cnurt holds
.led In this case are fully
1. That the general
r against Greenhow. No.
discussed iiii'ldccide,!
iie collecilim Of taxes by
rtS-i: 2. Ihe reiuedy In
nn the roU'in.; s'.oek. mac liinery. ears and euirlnes and other
!
railroad corporations afrt.r a tender of payment In laxTlie points of the decision of the
group are as follows
:
&
i|
i
;
.!
I.
r.
(
mipons.
Is
saiietloned bv r.pe:,td decisions nf this Court.
and luw uce.ome the common and lit
when exemp; ions have be<»n claimUnited States; the ground of the
trsasaa
" of tha
•
•
re Is
B»
ailequate M-rnedv at law.
Ill another allied case. No. 1,278. Maryo axninst Pstsons, the Court
hi.l.N iliat ilie e.Mitract right of a ciup.m holder order tho Vlrgiota Act
jiayiiieiit of
1. wherebv Ir
.|iilly tor an
vised onlv ^
n
>
tlieui wiien
rain tax-ci>
111
In bcha f of a eonnpo-baUlar
teuilcied iu uaimontof lajce-.
for
btnealls
a
x-payer. Snob
who does nor allege himself ti
any
ngfit. and does not
a decree declaring merely aT
breach of the eoutraet or otber ground of relief.
1
1;
I
'
1
i
maw
In No. 590, Carter against Greenhow, the Court hol.ls—
That the letbelause, see. 829. Rev Statutes. su«^»lugs«lg. without reference to the sumorTaloa liioontroreniy,or t"e dtuawvMIM
1.
;
THE CHRONICLE.
610
parties, to be brought in the Circuit Courts of the United States to redress the deprivation, under color of State law of any riffht, privilege
or immunity secured liy the Constitution of the United States in violation of section 1,973 Kevi=ed Statutes, does not embrace an action of
trespass on the case in which the plaintiff seeks a recovery of damages
against' a tax-collector in A'irginia,who having rejected a tender of taxreceivable coupons issued undfrthe act of March 30, 1871, seeks to
collect the tax for which they were tendered by a seizure and sale of
personal property of the plaintiff. 2, That, although the right to have
Buch coupons received in payment of taxes is founded on a contract
with the State, and that right is protected by the Constitution of the
United States by Article 1, section 10, forbidding the State to pass any
laws impairing tlie obligation of the contract, the only mode of redress
in case of any disturbance or dispossession of property, or other legal
rights based on such violation of the contract, is to have a.indical
determination in a suit between individuals of the invalidity of the law
under color of which the wrong has been committed. No direct action
for the denial of the right secured by the contract will lie."
Shje
[Vol.
XL.
^oxnmtvcml ^imcs.
COMMERCIAL EPITOME.
Fbidat Night, April 24, 1885.
The advices by cable concerning the relations between Great
Britain and Russia have again worn a very warlike aspect,
causing a renewal of the speculation in breadstuffs, depressing
cotton and affecting other values, but not to the extent equal
to that reported a fortnight ago. The granting of a credit t
the British Ministry of $55,000,000 and the fall in consols
The weather has become quite
Another case, No, 941, Pleasants against Greenhow, is cov- caused much excitement.
spring-like, and apprehensions of an unfavorable effect upon the
ered by the above opinion.
Justice Bradley read a carefully-prepared dissenting opinion, prospects for the season's crops by bad
weather are almost
in which the Chief Justice, Justice Miller and Justice Gray
wholly removed. Labor troubles are nowhere serious. Genconcurred. The opinion has reference particularly to case No.
826, Allen against Baltimore & Ohio Company, and the funda- eral business is only moderate, but improving, and there is a
mental ground of the dissent,as set forth by Justice Bradley, is: general revival of confidence in trade and manufactures.
Lard futures have been rather dull throughout the week,
That this proceeding, and all other proceedings on these coupons,
brought here for review, are virtually suits against the State of Vir- not sharing in tlie speculative strength of some other food
ginia to compel a specific performance by the State of her agreement lo
receive the said coupons in payment of all taxes, dues and demands. staples prices show some decline, closing at 7-13c. for May,
However just such a proceeding may seem In the al)stract. or however 7 -220. for June, 7 '290. for July and 7 -370, for August.
Spot
willing courts might be to sustain it.'if it were constitutional, yet, looking at the case as it really is, we reg.ard it as directly repugnant to the lard closes dull and nearly nominal at 7'05c, for prime city,
eleventh amendment of the Constitution, which declares that the 'judi7'20c, for prime Western and 7'40o. for refined for the Conticial power of the United States shall not be construed to extend to any
suit in 1.1W or equity beguu or prosecuted against' any one of the United
nent. Pork has been quieter, and closes dull at$13@$13 25
States b.v citizens of another State or b.y citizens or subjects of any
foreign state." Counsel for the bondholders press upon our attention that for mess, $10 7.5@|11 for extra prime and $14@$14 75 for
provision of the Constitution which declares that no State shall pass
any law impairing the obligations of a contract, and insist that the laws clear, pickled cutmeats have been much less active and close
pa8.sed by the Legislature of Virginia forbidding the receipt of coupons
rather quiet at 5J3@6J4C. for bellies, 5iXc. for shoulders and
for taxes, since the passage oi the act of 1871 by which they were made
Smoked meats are nearly nomiQal. Beef
receivable, are uueoustitutional and absolutel.v void, and that no ofhoer 9® 9 J^c. for hams.
or tax-collector of the State is bound to regard, but on the coutr.ary, is
bound to disregard them. So we have oue provislonof the Cimstitution set firm; extra mess $11 50@$13 aud packet $12@$12 50 per
up against the other and are asked to enforce that relating to contracts bbl., and India mess ?25@$37 50 per tierce beef hams quoted
by regarding the individual otlicers as the real parties proceeded against,
and ignoring the fact thatiu the matter of receiving coupons in pay- at $20(a$'iO 50 per bbl. Tallow is steady but quiet at 6c.;
ment of taxes these orticers only represent the Stale. By this techni- stearine, 73^@7;'8C., and oleomargarine 7J^c; Butter is steady
cal device it is suppos-d that the eleventh amendment uray be evaded.
In my opinion this is not a sound or fair interpretaliou of the Constitu- at 20@28o. for new creamery. Cheese rather firm at 7@12c.
tion. If the contraet clause and the eleventh amcnduieut come into
for State factory, with some fine new offering at 10J>^c. The
conflict, the latter has paramount force. It was adopted as an amendment to the Constitution and operates as an amendment of every part slaughter of swine at the West has made active progress,
of the Constitution to which It is at any lime found to be repugnant.
Every amendment of a law or Constitution revokes, alters or adds amounting at eight towns to 551,900 head since March 1, against
something. It is the last declared Mill of the law-maker and has para
365,500 for the corresponding period last season. The followmount force and eJIect. ' *
The Constitution still declares that no
comparative summary of aggregate exports from Oct.
State shall pass any law impairing tlie obligation of a contract, but the ing is a
27 to April 18
effect of the amendment is that even if a State should pass a law im1884-5.
1883-4.
pairing the validity of its own contract, no redress can be had therefore
;
;
:
In the Federal Courts.
All those who deal with a State have full
notieeof this fundamental condition. They know that they must depend upon the faith of the State, just .as it no constitution existed, and
cannot resort to oompuUiou unless the State chaoses to permit Itself to
be sued.
There
*
•
«
no question about the validity of the taxes, they are admittedly due; the officer is entitled to collect them bis authority is undisguted. The coupons are tendered in payment— not as money, for they
ave no quality of money— but as a set-off, which, as is insisted, the
State has agreed to allow. The taxpayer stands on this agreement aud
seeks to enforce it. All suits undertaken for this end are In truth and
reality suits against the State to compel a compliance with its agreement. A set-off is nothing but a cross-action, aud can no more be
enforced against a State without its consent than a direct action can be.
When set-offs are allowed against the sovereign, it is always by virtue of
some express statute. • • • The ofllcers have no power but what the
State gives them. They act for and ou behalf of the State, and in no
other way. To sue them, therefore, because they will not receive the
coupons in payment, is virtually to sue the State. The sole object is to
is
;
Pork, lbs
Bacon, lbs
L»rd.lbs
26,5G1,200
227,398,939
20,411,200
180,301,416
97,483,095
142,ti56,975
Inc.
6,1S0,000
Inc. 41,037,523
Inc.
45,173,880
Brazil coffees have been
fair cargoes of Rio are ^^c.
given way sharply.
sustained recovery
declining throughout the week;
lower at 8^c. and options have
To- day there was a partial and not fullyin options, with the closing bids at
May, 6'95c. for July, 7-15c. for September and 7-35c.
November. Mild cofffees have been dull. Raw sugars have
had a brisk sale and close at an advance to 4:fi@iy^c. for fair
to good refining, and refined showing a firmer feeling, There
has been a large business in molasses, and the close is firm at
17J^c. for 50-degrees test. The speculation in teas at the
6-75c. for
for
recent decline has slightly revived, with sales of standard
Japans yesterday at 2\%c. for May and 32Jic. for June.
somewhat unsettled.
Kentucky tobacco has been quiet. Sales this week are only
about 100 hhds., of which 60 for export; but prices remain
firm; lugs, 5Ji@73^c.; leaf, 7}|@12c. Seed leaf shows a
Wabash St. Louis & Pacific—The order of Judge Brewer rather better movement, the sales aggregating 1,000 cases, as
at St. Louis, on April 16, has undoubtedly been misinterpreted follows 350 cases 1881 crop, Penn., 5}^® lie; 200 cases 1883
to some extent. It is, no doubt, the intention of the Court to crop, Penn., ll@12t^c.; 250 cases 1883 crop, Penn., 9@12}^c.,
surrender leased properties to the bondholders where fore- and 200 cases sundries, 5@38o. also 300 bales Havana, 68c.@
closure suits are begun on the separate mortgages. On April $1 15, and 150 bales Sumatra, $1 13(a$l 60.
17 an order was made directing the surrender of the Havana
Crude petroleum certificates have shown little activity on
Division to Spaulding & Terry, the trustees under the mort- the speculation, and prices, without varying widely, have been
gage of that division, and the Cairo Division was also sur- quite unsettled, closing this afternoon at 7858C,, a slight adrendered. As now reported, the Court said that in the case of vance over last Friday. Crude in barrels quoted at 7@7J'4C,
all leased lines whose incomes are greater than their expenses, refined in barrels for export, 7^@7Jgc., and in cases, 8^@
the receivers are to pay rent or interest out of the net earn- lOJ^c; naphtha, 6i^c. The speculation in spirits turpentine has
ings. Where the net income is not sufficient to pay full rent, continued active.
To-day the quotation on the spot was ad« the receivers are to pay only such net income as rental where vanced to 33i^@33Xc., and 200 bbls. sold for July at 31c.
^
the earnings are less than the operating expenses the receivers Rosins have been dull at $1 05@$1 08 for strained. Wool has
are to pay no rental, but are to reduce the expenses as much been very active for speculation, the sales here and in Boscoerce the Slate,
*
*
Spices are
-
The dissenting opinion covers cases Nos.
and 826.
588, 589
and
1,260
:
;
;
In
cases they are to continue operating the
said tliat the receivers were appointed to
keep the whole system in operation. In case there is any
debt incurred in running these lines, it must be paid from the
income of the main line or from the issue of certificates.
Bondholders will generally find that they can trust their
interests to the U. S, Courts, and all they require is to be fully
and fairly represented before those Courts,
To-day, April 24, dispatches from London state that the
bondholders have adopted a plan of reorganization, but its
precise terms are not known. The Evening Post says " The
leading features of the plan are understood to be the assessment of the preferred stock |5 per share and the common
stock $6 per share
The proceeds of this assessment to be
used in the payment of the floating debt and of the collateral
trust loan of $5,671,000. Also to issue new bonds at 5 per
cent for the present $17,000,000 of 6 per cent general mortgage
bonds. Interest on tlie new general mortgage bonds to be
paid if earned, but foreclosure to be suspended for sevenyears.'i
8S possible.
lines.
all
The Court
—
:
,
ton aggregating several million pounds.
In metals there has been some speculative demand for ingot
copper. At to-day's Exchange pig iron certificates were dull;
$16@$163^ bid, lQ%@$n}i asked. Tin fairly active and firm,
but closing a shade easier at 17*90c,@18'10c. spot, 17'60c.@
Tin plates dull at $4 20@$4 30. Copper
173^0. futures.
firm and active at lM0c.@ll-30c. Lake, 10-70c.@10-80c.
April, sold at 10-65@10-70c. Lead steady
Orford,
50,000 lbs.
at 3'60c.@3'80o. domestic; 4'50c. asked for foreign. Spelter
quiet at 4i|'c.@4'45c. domestic; 4'70c.@4'80c. foreign; 10 tona
foreign, June, sold at 4?^c.
Ocean freights have been rather dull throughout the week.
Grain shipments fell off and the movement of petroleum did
not improve. Yesterday and to-day, however, there was a
partial revival, the business including oats to London at 3s.
per quarter; wheat to Leith 53>^d. per bushel, and grain from
Late petroleum charters
Baltimore to Cork for orders 4s.
include refined hence to Plymouth 23. 7J^d., to Hamburg at
Is. 10>^d., aud to the Baltic 2a. 7d.
jtAPBil.
28,111 bales throe weeks since; making the total
receipts since the Ist of September, 1884, 4,013,010 bales, against
4,693,266 bales for the same period of 188S-84, showing a
decrease since September 1, 1884. of 50,326 bales.
week and
ifon.
Sat.
Indlanola, <feo.
Orleans...
New
Mobile
Tuei.
Wed.
Thur$,
Fri.
161
241
46
69
64
57
017
57
733
56
1,141
1,575
7
1,148
463
4
1,611
6,071
64
168
389
415
168
207
77
Florida
Barannah
Bnmsw'k, Ac.
447
271
902
560
878
3,447
3
3
130
Charleston
Pt. Koyal, Ac.
Wilmington
Moroh'd C.,Ao
Norfolk
97
24
57
17
3
3
2
8
16
120
221
204
208
93
26
69
352
78
309
100
50
23
New York
Boston
Baltimore
24
Phlladelp'a, &o.
513
113
64
509
165
week
2,008
2,769
3,410
3,075
l,40i
3G0
216
35
216
WestPoint.&o
Totals this
Total.
60
...
4
74
4
920
1,963
1,963
68
47
617
490
1,695
1.695
1,394
6,458
10,122
For comparison, we give the following table showing the week's
total receipts, the total since Sept.l, 1884,
and the stock to-night,
and the same items for the corresponding periods of
1883-81.
1884-85.
Receipts to
April 24.
This
Week.
Since Sep.
1, 1884.
617
57
Galveston ...
Ind'nola,Ao
New Orleans.
452,610
10,773
6,671 1,192,807
415
168
Mobile
Florida
Savannah
3,447
3
Br'8w'k,&o
360
216
Charleston...
Pt.Royal,&o
Wilmington..
M'headC.,&c
Norfolk
W.Point,Ao.
New York...
Boston
Baltimore
227,721
77,140
711.810
9,746
503,714
920
543,229
276,674
1,965
617
499
66,501
79,945
30,308
46,089
1,695
1,391
Phlladel'a.Ac
19,122 4,643,910
Total.
Since Sep.
1, 1883.
775
16
82
20
790
268
412,420
13,589
91,403
12,533
571,314
220,217
101,001
167,367
23,780
41,585
1,679
4,237
1,079
5,011
last year.
Stock.
1,249 584,861
31
8,167
4,212 1,192,483
797 249,787
21
42,479
598 645,958
25
7,981
6,607
93,381
9,602
16
4
...
This
Week.
20.9231,693,266:
1885.
1884.
10,332
10,500
145,680
15,933
156,998
5
9,351
at—
1885.
701
Galve8t'n,<feo.
New
1884.
10,779
6,679
8,203
7,029
1,364
3,616
5,060
7,307
347,722
6,310
11,421
12,531
347,224
575,357'
1,280
4,212
11,141
WUm'gt'n,Ac
576
20
797
598
791
102
Norfolk, &o..
All others
1,883
4,406
1,058
12,085
16,304
1,016
5,623
3,509
802
8,562
12,2S7
Wk.
19,122
20,923
59,214
Orleans.
6,671
MobUe
415
Savannah
Charl'st'n,
3,447
Ac
1881.
3,831
7,522
2,623
2,689
2,202
6,720
7,476
9,850
572.785
we
1880.
6,037
14,173
1,689
4,625
3,198
New
—
Qreat
Britain.
New Orleana
nvnee.
0,A45
None.
Mobile
Charleaton
.3,542
Qalveaton
Norfolk
None.
New York
Other port*
1,500
2.300
Total 1885.
5,166
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
1.100
None.
None.
Bsvannsh
Olhtr
fontgn
16,118
39,101
9,317
5.S32
IMoi.
2.059
30,318
Nona.
1,400
None.
300
800
800
None.
None.
1,213
None.
8347
550
400
None.
1.313
2,050
3,700
6,116
4,372
28,475
646.8aS
9.205
44.838
3.344
38.479
103.375
»78.7ra
14,445
Total 1884
Total 1883
12..V)4
in cotton for future delivery at this market
has been comparatively (juiet for the week under review, and
show some
decline from the figures of last Friday. The
cable, regarding the relations between Russia and
Great Britain, have been very warlike. The demand of Mr.
Gladstone for a larger credit than had been anticipated waa
prices
reports
by
regarded as leaving but slight hopes for the preservation of
peace. A moderate selling movement in cotton was therefore
sufficient to cause prices to give way sliarply on Monday and
Wednesday. Another element of weakness has been the
weather for the new crop. But on Thursday the
impression that the war will give an impulse to trade, and
increase the demand for goods in countries where they have
long been dull, and the small stocks of the raw material caused
some demand to cover contracts, and in a measure restored the
oonfldence of holders, but did not give any activity to the
dealings or buoyancy to values. To-diy dull and unsatisfactory accounts from Liverpool caused a fresh decline and
the close was at about the lowest figures of the week. Cotton
better
dull, but toward the close some business
was reported for export. Quotations were reduced i^c. on
Wednesday. To-day the market is dull at lOJ^c. for middling
uplands.
The
forward delivery for the week are 393,000
For immediate delivery the total sales foot up this week
total sales for
2,708
12,449
1,407
1,149
2,540
—
—
2,063 bales, including 800 for export, 1,202 for consumption,
60 for speculation and
in transit. Of the above,
bales
were to arrive. The following are the official quotations for
each day of the past week.
UPLANDS.
April 18 to
April 24.
Sat.
j
3%
Ordln'y.^tt)
Strict Ord..
93,8
93l«
Good Ord.. 10
8tr. Q'd Ord 10%
Low Jlldd'g
93lB
10%
|
9
9
9'l«
10%
TEXAS.
llIon|Tae« S>t.
9Tn
9'i«
10>4
lO's
lO's
Middllnff... 11
Slid . 113l8
11
11
Good
ll')«
Q'd Mid 11%
Midd'gFair 11%
11%
11%
Str.
I
12%
10>4
10% lio%
10%
il%
11%
12%
Tta.
11%
11%
12
12
12%
12%
11<>8
Frl.
Wed
12
12
12%
12% ll2%
30,858
8tr.L'wMiailO%
10%
10%
4643.940 4693,266 5611,909 4431,742 5351,348 4638,867
Galveston 1 aoludea Iiidlanola Oharlesto n Include 8 Pore Et)yal, Ac.
WUmingtouin eludes Mo rehead Cit y, Ac.; No rfolk IncliIdes West Point.AO!
MlddllnK...|10''9
lO-^e
1078
Good Mid. .111,
Str. G'd Mid 11 >4
ll'ie
lUt« 11S,8 ll»ie 11»1« ll'lB
Midd'gFair 11%
Fair
\\2H
liH
11%
im
1214
1214
The exports
for the week ending this evening reach a total
of 46,519 bales, of which 33,422 were to Great Britain, 2,614
to Fmnce and 10,483 to the rest of the Continent, while the
tocks as made up this evening are now 575,357 bales. Below
are the exports for the week and since September 1, 1884.
JSxporta
from—
Qreat
BrtVn.
Contij
^once
Galveston
New
Orleans..
ie,lB3
,^„,
ITrom Sept.
24.
1,
1884, to Apr. 24. 188S.
047
047
8,699
23,122
Mobile
Great
BHtaln. fiance
Savannah
Charleston*...
i.6at
New York
e.seg
Boston
3.385
51
Baltimore ....
PhUadelp'a,&a
1,613
600
1,03b
Total
33,422
2,186
2,614
4,634
9,120
3,436
2,213
1,038
tienU
Ibtal.
155,788
7.470
617,123 877,878
43,130
61,145 227.413
313,047 1,233,943
48,830
700
8,583
170,903
163,087
51,197
313,280
377,641
110,107
114,522
52,970
11,609
199,256
SOO.a^!)
22,259
132,6<)5
S38.011
65.237
6,375
84.000
25,670
136,854
845,305
469
8,060
89,031
110,576
156.603
57,782
Florida.
Wilmington...
Norfolkt
9^8
IOI4
10»,8
8'8
8'8
8% 8% 8%
9»18
9»u 9»16 93|« 9»1« 9»|(
loie
10% 10% 10% 10% 10%
1014 lOH 10>s
10% 10% 10% 10% 10%
109i8 109l8 101318 1013,8 lOlSi, 1013,8 1013,8 101...
9''8
14.040
4,n2
8%
979
*lb.
Ix>w MlddlinK
.-.
8%
8%
9l|«
»%
97g
10%
Middling
B43A85
10%
1
1
8%
11%
10%
Tfc.
S>4
10%
11%
11»„
11% 11%
11% 11%
12% 113%
9^8
10%
Frl.
8%
81»,t
9%
10%
SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the oon*
venience of the reader we also add a oolimin which shows at a
glance how the market closed on same days.
BALES or SPOT AMD TBAXSTT.
SPOT MAKKCT
CLOSED.
Ex-
Oon-
port.
tump
174
Bat.. Easier
Mon Easy
.
Tnes. Easy
Wed. Steady at
Thors Steady
Ffl
1,8
deo
500
300
Doll and easy
800
Spec- TranIMoi.
siL
ui'('n|
284
60
150
818
774
618
150
319
374
218
67
•7
6
362.816
931,589,8,316,728
Total.
lotal
S.5TJ 12.206 884W7l2.I71.lll9 447.466
Total 1883.84 20.423
* locladas erports from Port Koyal, fto.
t dolades exports from West Point, Jto,
883.68918.486.044
The dally deliveries given above are actually
p«bvioua to that on wblon they are reported.
16,5l9.2,-.>12,3a:j
11%
11% 11% 11% 11%
ll'a
11%
ll'a ill's
12% '12% 12% 12%
Sat. nion Taes Wed
11%
STAINED.
Good Ordinary
11%
11%
11%
HAEKET AND
Qmti-
12%
Tb. Prl.
91i8
.
Exported to—
Total
fp-g^
[12
Wed
47,729
8%
li'ie
12
33,606
8%
Ordln'y.WJ)
11»S
lUl
ll'is
11%
117
1.
9
lOH
10%
11% !ll%
Frl.
Til.
Ill's
ll'is
3,915
6,513
LowMldd
9''u
104
10%
im im im
im
im 11>4 11"4 Ilk
512
Good Ord..
8tr. G'd Ord
noBjTaea
9
97,8
IOI4
llTls ll't«
12%
Wed
Strict Ord
I
9
9
lOllig'lOlli, lO'ljg lOlSu 10i5ielOi5ie lC15l« lOiS,, 10I«,«
Str.L'wMid lO'g
Fair
Sat.
IOI4
10»B
10
10
NEW ORLEANS.
I
nonlTnea
8%
8%
6,555
10,640
Week Endina April
Exported to—
584J08
The speculation
485
Blnoe Sept.
^mSkf
wim.
5,475
8,779
Tot. this
York!
On SMptoard, not OtanA-ftr
APRU 24, XT—
bales.
1882.
1883.
We
on the spot has been
2
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Beceipts
611
In addition to abora •«pnrt«r «"»
'*'*gtmr
iii
us tlie foUowlng amonnta of ootton /m Bkt^k.JIi'^IT'
at the porta named.
add limUar igium tot
M
Fkiday, p. M., April a, 1885.
The Movement of the Chop, aa indicated by our telegrama
from the South to-niRht, is given l)olow. For the week etuUnf<
this evening (April 2-1), the total roceipta have reiw^hed 19,12:^
bales, against 23,723 bales Uist week, 21,808 bales the prcvioui
JUceiptsat—
.
THE CHRONICLF.
33, 188S.]
COTTON.
Qalveston
8
.
;
1.3031
....
31,600
49,700
81,000
88.600
78.300
44,900
90O
600
800
900
2,062 383.0001 1.400
deUrend tka
dajr
«
«
:
THE CHBONICLE.
512
The Sales awd Prices of Futures are shown by the following comprehensive table. In the statement will be found the
dSly market, the prices of sales for each month each day, and
the dosini; bidjs. in addition to the daily and total sales.
Cl>V
oa
to
o
aa
a
<S
m
£t
b3.
a
i2i
900%
5>
»
SI
go
1;
1
n®
£»>
&g>
Sir
IX
>
•
3.:
;
,0
CO
'
o
cfel JUS a
a»-^
so
§8 a
60
I
MM
9
2
S.-
{>.
1
CO
:
ax
I
oooo COoO
OS
s
MM,p.>.
a
0009
= CO!
obccO^i
0:00
ODOD
Oi
MM ^
2
*I03m^
2
»o-:
I
ciciOob
00
U
M
CD
Ml^
coco
5
o
2
00
If
coco
2
CO.-m''
I
5
"
2
Offl
ccoOob
CO -j
99
ecu
CO
<
£
o-.Om^
I
c
-.o
2
United States stock
United States inteilor stocks..
United States exports to-day..
«w:
00
2
COM
So:
I
c6c6^«6
»»:
MtoM
1
OOCD
-M p^
1
1
Total American
"
aito:
I
I
[(.
coco
C5X
»
I
:
TotalAmerican
"
«r:
I
00
5
*.M
2
99
i;to
9co:
I
<
2
MMrjM
9o9 OOoC
xOx
6coOc6
coco
tc
e9
Ox
<
»
~
X-4
6to:
I
Egypt, Brazil, Ac, afloat
Total East India,
MCO
if^CO
su,
I
99
coco
2
**
90
2
"«
9":
MMojM
I
681,068
169,541
16,000
follows:
620,000
99,000
382,000
618,902
137,206
19,000
278,000
65,000
102,500
320,000
50,000
257,000
6ii,200
103,700
282,000
40,000
333,000
65,200
99,943
332,000
48,000
«»
<
"^
MMtOM
I
:
*0
567,100
815,500
744,900
928,143
1,950,506 2,004,102 2,327,609 1,876,108
BSf The imports
into Continental ports this
week have been
47,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 302.296 bales as compared with the same date of
1884, a decrease of 554,903 bales as compared with the corresponding date of 1883 and a decrease of 386,645 bales as
compared with 1882.
At the Interior Towns the movement that is the receipts
for the week and since Sept, 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
—
period of 1883-84
—
is
set out in detail in the following
statement
ijlrflOjp.
X
tiM
0--
2
MO
1%
-j»
00
lili
XX
5
Bits;
1
^Cl
e
CO (J
00
tsto
382,000
48,000
618,902
137,206
19,000
2,517,606 2,819,902 3,072,509 2,804,251
Total visible supply
SOsd.
dihgd.
Prlc«Mld,Upl., Liverpool....
S^ed.
6>i6d.
OOoO cco9 990 = COoO ©Oo9 0009
ifc*.Oi£.
cicoOco I*1mCcO COl^C^
^CO
226,000
31,000
101,100
203,000
6,000
Continental stocks
India afloat for Eiu'ope
r't-'
*:":'
99
cox
XX
s
1
~^-J
O'lf^
tt
CO
515,000
40,000
681,063
169,511
16,000
1,950,506 2,004,402 2,327,609 1,876,108
If*<l
I
I
MM'oiM MMojM
OCoO
coo9
99o9
*j-^o*j QCXO-j
C. CO
572,785
82,617
4,000
575,357
99,349
9,800
Londonstock
>»
1
2
198,943
I
1
x^
.ceo
314,700
Sail Indian. Brazil, <tc.—
•!
I
246,000
50,000
572,785
82,617
4.000
187,000
6.000
575,357
99,349
9,800
Liverpool stock
2
416,500
Of the above, the totals of American iind other descriptions are as
American —
Liverpool stock
bales 798.000
785,000
735,000
Continental stocks
231,000 314,000 211,000
American afloat for Europe... 187,000 246,000 515,000
oa
00
1892.
953,000
65,200
2,517,606 2,61P,902 3,072.509 2,804,251
Total visible supply
mmqM
ooSo
ao:
sx:
a*-:
MM
COM
t'T'OM
909
CO® CO OOOo <£;mOO mmo,:.
Co
c;»M
c;
y^>^
MM ^ MM
t>
^
MM 5
<
a
M.^ e
Mc
00 « cc 2 00
2
^
COOl
MX
mOm-"
(COta"'
6-1:
«m:
sw:
eu:
MM<|MCM MMojM
MMoM
MMOM MMQcM
roM MMOM
T'ro-r
KJbsOM
mmOm
c6o6
oo°o
M
OCO CD
to
toco
<lCO
O*
to
bOO'
».";
I
$ m2 0009
I
oco
X
0:«
382,100
m
cocO OmoO MHo^
cccoOco cooOci OmCo
QPCD
C5
©
ccco^db
<»M
®
MM<|M
MQdM MMl-M MM-y,M
«?o? ooo9 OOoO
I
s
cico
OOQD
:na>M^
onoa
«.'':
1883.
992,000
62,200
Total Great Britain stock .1,055.000 1,128,000 1,054,200 1,018,200
Stock at Hamburg
5,600
2,500
4,700
1,500
Stock at Bremen
48,300
71,700
45,300
26,800
Stock at Amsterdam
47,000
54,000
34,000
19,800
Stock at Rotterdam
400
2,500
1,000
454
Stock at Antwerp
800
1,300
2,000
1,900
Stock at Havre
179,000
211,000
139,000
96,000
Stock at Marseilles
5,000
4,000
6,500
2,670
Stock at Barcelona
83,000
58,000
63,000
39,600
Stock at (Jenoa
8,000
10,000
9,000
5,500
Stock at Trieste
5,000
3,000
7,800
4,719
Amer'ncotfn afloat for Eur'pe
Egypt.Brazil.AcafltforE'r'pe
Stock
United States ports ..
Stock In U. S. interior towns..
United States e.xports to-day..
I
2
65,000
Total European stocks ....1.437,100 1,544,500 1,368,900 1,217,143
India cotton afloat for Europe. 203,000
320,000
282,000
382,000
PL'
<i-i
31,000
<6cD
1
I
1885.
1884.
bale8.1,024,00O 1,063,000
Total Continental stocks
w» 2"
®m:
MM^jM M® M
OCoO o o9
obtxCoD ei Oca
«•
a
Qg
MM ^
oboe
01
I
8
u
QO
O
is as follows.
The Contmental stocks, as well as
those for Great Britain and the afloat, are this week'a returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (April 24), we add the item of eCTorts from
the United States, includmg in it the exports of Friday only.
Htook at Liverpool
Stock at London
=
SE^
The Visible Supply op (X)TT0N to-night, as made up by cable
and telegraph,
SB
"oSs. "2=^
a"
[Vol. XL.
*^
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ooo9 ooo9 9009 9 0°
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loto
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cocjt©x M^xc;'gcJ'Corf^
xxi{^:j'©cc©i^^i^i^Xtfk
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xMC<icoif»-»t*g©co;
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©Vcji^'Mcotoco©©'
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rf^
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coxwggMrf.to©g mcom^icop^-^i^
© o to cc — © © jO *- ©X X © © oogx
to© Mcog^icg'tf^MUcV
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X r- 0; CO c g CT to CO X *k tc M ^
©tOMMOi;
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c;<xoA©
MM
10*
IP-IOM
coco cotoc©
^ii^c;>g
M©MXM03gMoc)i®, <igcflXMgvi
COit^OCO
go
^
s
;
!J
;
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.
M
tbcoOci
«»
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OP
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M mM
&^
gcocOMg©c;<
If'
9
MMI^M
l«:
9:
l(k
toeoMto
gi
Itk.
M U 10
MJ^
|fc|^
©©MCO *.» is
*a
©cococnc;'C;iMCo
<i -J CO
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c;t
10
CJt
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^c;»©togtoui
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* Includes sales in September, 1884, tor September, 158,200
SeptemberOotober, lor October, 421,800; September-November, for November,
982,200; September-December, tor December, 907,800; SeptemberJanuary, for January, 2,114,100; September-February, for Februarv,
1,959,200; September-Maroli, for Marcli, 2,294,100.
IS^ We have included in the above table, and sball oontlane eacb
week to give, the average price of futures each day for each month. It
will bo found under each dav following the abbreviation " Aver. ' Tlio
average for each month for the week is also given at bottom of table,
Tran9fer.^ble Orders—Saturdar, 10950,; Monday. 10 85o.; Tuesdav,
:
Wednesday, lO-Suo.; Thui-sday, lO'SSo,; Friday, lO-SOo.
The following exchanges have been made during the week;
4 pd. t» exoh. 100 Juno for Aug, '16 pd. to exch. 100 June for Aug
'26 pd. to eich. 100 May for Aug.
10 pd. to exch. 100 May for June.
•09 pd. to exch. 500 Juno for July.
-lO pd. to exch.1,200 Jane for Aug.
•10 pd. to exeh, 1,COO May for June
O&OCOMX tOM
M
1^
lOMXXXXM
CO to
fcO
CJ< 'Ji
I
)
|
M
M
a^
M*.cnM
MgtOMg a©i^o
CFix-jcogwto
g4cn*.to
»qt3t5»Jcn»>.Kix
c)»©e"-gXMM
M,(^c^xx
© 1^ g * t^ g ^ © ^'
^
Xo©g
g
,^1 oiooc/'XC)»©©M©. Mcoi^xM'.jgg
gi^toiU'
I
^^
co*^cj'<igtt©c;'go*^gi*»-i**goMcog
i(» Cf*
ij' c''
.^
t^
i^cicoa. ocnxto
gtOMjocj'tf^c.Mgx^CM--©**©©;.)
en CO CO M xVj cc g© C» M X O^to ©X *J ©
O<-OXW^lCCMMrf**.|f»t0CnXj*--lOt0
ioOf^*-to<icoxco©Mg©Ma.xc;'.j*k
<i©ie»»j*^t3Cocoto©
c;i
GO c;i
ilO-85c,;
|
i;^
"*^ 1*^
©co^.
If
g^gx
.
This year's figures estimated.
totals show that the old interior stocks have
decreased during the week 10,399 bales, and are to-night 16,732
*
The above
.
April
THE CHRONICLE
86, 1885.;
bales more than at the same period last year. The receipts at
the BAtne towns have been 10,411 bales less than the same
week last year, and since Saptonilwr 1 the receipts at all the
towns are 330,3'J8 bales leas than for the same time in 188;!-81,
Quotations for Middlinq Cotton at Otiier Makkkts.—
In the table below we i^ive the closing quotations o( middling
cotton at Southern and other principal cotton markets for each
day of the past week.
Week
eiutiiui
April
H.
QaIv(>8ton
New
CLOSIXO QUOTATIONS FOR MIDDUKO COTTON
...
1
OrIe»>ns,
'
Moliilo
Baviiniiah
Chai'lcstou
.
JfOH.
}21«
10>«
10»g
lOij
10<9
10>4
103%
I0>«
.
10>s
10<g
10%
10%
10%
lOi*
U
lOHi
lO'g
10^8
10<>8
10»a
11
1015,,
1114
10»«
10>9
10%
10%
llie
107,,
10%
10%
10%
10%
10>«
10>9
io>e
109,,
11
1016,,
tOifl
AVIliiiln^on.,
10%
Norfolk
10>g
10!^
IOOb
Boston
Baltimore
11
11
lOiSie
11>4
10»«
loag
109g
lOlBu
lOSg
1098
1038
10^
10%
10\
10»8
lOOg
10»8
riiiltilelphla.
.\ii>!iist»
Mciiiphls
St. I.oiil»
Ciui'iuiiati...
Louisville
I
iiH
11'4
lOOg
10»8
FH.
1U>«
10-,s
lOag
10>«
lOlD
10!>8
lO'i,
10%
10%
10>4
IOI4
lOig
10>9
11
im
10%
10%
10%
10i«
lOis
loin
Receipts from the Plantations. —The following table is
prepared for tlie purpose of indicating the .ictual movement each
week from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
RECEIPTS FROM PLANTATIONS.
WMk
Towm. Rec'pttfrom Plrmt'm
Becetpts at the Ports. St'Xat Interior
'
Ending—
1883.
1884.
1885.
I
1883.
|
1884.
,
1885.
1883.
I
I
Feb. 6
" 13
" ao
"
87
Mch. 6
-
"
;i65,8«8,111.481| 89.785 343,,581282,,475 271 790 161,929;
!l48,180 105,921 68,621 326.,796 288,,089 256,,045, 129,,342'
1.34.443 65,013' &1.324I321,.424 251,,450 234.,231 129,078
135.321 7(5,487 50.312:308,i,417 227,.265 216,.4S2'l22,314'
'124.878 69.72o' 56,886 304 ,821205,.477 199. 179' 121,0,10'
13
20
27
111.881
105,0«2
66,990
78,708
Aprils
•
"
10
17
24
7«.9,'»
86,527
5U.214
49,878
42,635
68,8S4
37,091
30.113
30j!74
20.1.23
42.581 '207,,i:31H4,.414 INI.,132 103.733
82,8%'276, W6 160,.809 170,,155' 87,835
28,8101286,,97 r 141,,386 158,.175 74.024
28,111 257,,152 125,.394 144,.998 68,889
21,808
.461 110,,088|l28,.(•06 55,244
28,723
.02V 98,,9eo',m..823 40,095
,80fll 90, 794 106, OSs' 36.021
The above statement shows
—
1884.
1
1888,
94,202' 80,703
9I,51S' 52.876
61,394
49,302
32.510
46,932
28,813
19.080
33,311
39,663
24.534
21,249
14,787
19,166
12,757
14,934
512,563
21,908
16,830
5.716
12.640
3.282
That the total receipts from
the plantations since September 1. 1884, were 4,733,708 bales;
in 1883-84 were 4.7:54,901 bales; in 1883-83 were .5,78.5,230 bales.
2.
That, although the receipts at the outports the past week
were 19, 122 bales, the actual movement from plantations was
8,282 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were '12,757 bales and for 1883 they were
1.
—
36,021 bales.
Amount of Cotton in Sight April 34.—In the table below
we give the receipts from plantations in another form, and add
to tnem the net overland movement to April 1, and also the
takings by Southern spinners to the same date, so as to give
gubstantiailly the amount of cotton now in sight.
1884-85.
1
1888-94.
1882-83.
1831-32.
Receipts at the ports to Apr, 24 4,013,940 4,693,266 5,611,909 4,431,742
Intf rfor stocks on April 24 in
exeeeg of September 1
89,768
41,638 173,321
112,411
Tot, receipts from planta'tns 4,733,708'4,734,904 5,783,230
Net overland to April 1
5S6,182i .526,328
572,321
Bouthern eonsumpt'n to Apr. 1
217,000! 236,000
240,000
Total in sight April 24
Northern spinners'
April 24
4,5il,l,'>3
31)1.473
190,000
5,506,890, 5,497,232;6,597,531 5,123.626
taklnirs to
: ....
1.193.501 1.362.104 l,.^07.649 1,359,612
seen by the above that the increase in amount In sight
compared with last year, is 9,658 bales, the decrease
from 1882-3 is 1,090,664 bales, and the increase over 1831-2 Is 378.364
It will be
to-nlt'ht. as
bales.
Weather Reports by TEa^ORAPH.—With
PalMtUu, TexM.-lt baa rained on thrM (Uyi of th« w<Mk,
the rainfall reaching two inches and foartMn
hundr«<ltliii
Corn looks proinUlng, and cotton planting progreMM fintAr
The thcrriK imctor has ranged from 05 to 80, avenging 72
'
New Orleans, LonMana.—We
have had ra&i on three
days of the week, the rainfall reaching eixtr-one hundredth*
of an inch. The thermometer hafi ayeraged 78.
Shreveport, XottMana.— Rainfall for the week four
and sixty-eight hundredthe. The thermometer haa averaMd
71, ranging from 63 to 92.
Meridian, iti.ssissippi.—Tbe days have b«en warm, bat
the nights cool during the week, with no rain. PlanUng ia
about completed in this neighborhood. The th< rmometer haa
ranged from 55 to 79.
ColumOii.f, Mississippi.—TIm weather has been warm and
dry all the week. Rain is needed.
The thermometer haa
averaged 73, ranging from .58 to 88.
Leland, Mis.iissippi.—W» have had rain on one day of the
I
^
ON—
Thurt.
Ifeilna,
Tiiet.
Ws
I0>9
10>a
..
.
aatur.
613
quite favorable
week, the rainfall reaching one inch and fifty s<.'ven hundredths. Yesterday and to-dav clouily, foggy ancl threatening.
Average thermometer 68, highest 88, lowest 43.
Little Rock, Arkansas.— we have had hard raina on threo
days of the week, and reports indicate a lighter fall here than
in many other sections of the State. The rainfall reached two
inches and twenty-six hundredtlis. The Arkansas river is
getting near the danger line, and is still rising rapidly. Average thermometer 68, highest 82, lowest 55.
Helena, Arkansas.— We have had rain on four days and
the remainder of the week has been pleasant. The rainfall
reached ninety-two hundredths of an inch. Rains light in
Helena, but much heavier in the country. We are having
fine growing weather.
The thermometer has averaged 70,
the highest being 86 and the lowest .15.
Memphis, Tennessee.—It has rained on two days of the
week, the rainfall reaching twenty-four hundredths of an
inch. Good progress is being made in planting cotton, owing
to the fact that we have not nad the usual spring overflow in
the Mississippi Valley this season. An increased acreage will
be put in cotton. Average thermometer 70, highest 84 and
lowest 55.
Nashville, Tennessee. It has rained on one day of the
week, the rainfall reaching thirty-one hundredths of an inch.
—
Planting makes good progress. The thermometer has ranged
from .54 to 82, averaging 67.
Mobile, Alabama. The weather has been warm and fair
during the week, with no rain. Average thermometer 69,
highest 79 and lowest 61.
Montgomery, Alabama. It has rained on one day and the
remainder of the week has been pleasant. The rainfall rea<3hed
thirty- four hundredtlis of an inch.
Planting is making good
progress.
The thermometer has averaged 68, the higheet
Deing 84 and the lowest 57.
—
—
—
Selma. Alabama. We have had rain on two days, and the
balance of the week has been pleasant. The rainfall reached
one inch and forty hundredths. Hailstorm here last Friday
afternoon. The thermometer has averaged 71, ranging from
60 to 82.
—
—
Auburn, Alabama. Telegram not received.
Madison, Florida. There has been no rain all the week.
Average thermometer 71, highest 85 and lowest 57.
Macon, Georgia.— "We have had no rain all the week. It is
reported that on account of unfavorable weather some seed
has failed to come up. The thermometer has averaged 60, the
highest being
and the lowest 48.
Columbus, Georgia. It has rained on one day of the week,
the rainfall reaching ninety-one hundredths of an inch. The
thermometer has averaged 68. ranging from .56 to 77.
Savannah. Georgia. We have had rain on three days, the
remainder of the week iieing pleasant. The rainfall reached
forty -one hundredths of an inch. The thermometer has ranged
from 53 to 85. averaging 65.
Augusta, Georgia.~\Ve have had light rains on two days
H
—
—
of the week, the rainfall reaching forty-three hundredths of
an inch. Planting progresses well. Corn and oats excepting
at some few points where late frost was more severe, are
developinar promisingly. Average thermometer 57 highest 87
lowest 48.
Atlanta, Georgia.—TeleKram not received.
Charleston, South Carolina.— We have had rain on twodays
of the week, the rainfall reaching twenty-four hundredths of
an inch. The thermometer has averaged 63, ranging from 51
weather during the week at the South, planting has made to 78.
Columbia, South Carolina.— It has rained on one day of
very satisfactory progress. A hurricane swept over a portion
the week, the rainfall reaching fifty hundredths of an inch.
of Texas on Wednesday and Thursday, but as its track was narfrom 43 to 81, averaging 33.
row no serious damage to crops is .supposed to have been done. Tha thermometer has ranged
Stateburg, South Carolina.—Telegram not received.
Galveston Texas.— It has rained hard on three days of the
Wilson, "North Carolina.— It has raine<l on two days of the
week, the rainfall reaching two inches and seventy-six hunweek, the rainfall reaching fifty-seven hundredthsof an inch.
dredths. Yesterday a hurricane traversed the mainland of
Farmers are giving inore.-vsed land to cotton this year, and
Galveston County, southeast to northwest, demolishing a few
planting makes gootl progress. The thermometer has averaged
buildings and fences and damaging railroads but as the track
63. the highest lieing St and the lowest 4.5.
of the huiTicane was only four hundred yards wide, no serious
The following statement we have also received^ *^fSS^
damage was done. It did not touch Galveston Island. The howing
the height of the rivers at the points named at 8 oxwok
thermometer h;is averaged 74, the highest being 80 and the
April 23, 1885. and April H. 1884.
;
lowest
64.
Indianola, Teaio*.— We have had rain on three days of the
week, which was very beneficial, as it w.as needed. The rainfall reached two inches and fifty-nine hundredths.
A storm is
rejwrted at Victoria, but it is thought no serious damage has
been done. Young crops, lx)th com and cotton, are generally
very promising. The thermometer has averaeed 74, ranging
!*_
^ "
from 68 to 86.
'
Apr. 33. '85 Apr. 24.
rtti.
Naw
Orleans
Mnmphis
NMhviUe
Shreveport
Vieksbnrg
...
..Below high-water mark
.. Above lo«-wat«r mark.
,. Above low- water mark.
.Above low-WBter nutrk
..Above low-water mark.
.
ItuA.
a
&
22
6
8
ung.
18
1 .Mis
'at-
rm. ImA.
I
7
SI
14
a
18
8
45
«
-.
.
THE CHRONICLE.
614
Orleans reported below high-water mark of 1871 until
when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-lOths of a fool
above 1871, or 16 feet above low-water mark at that point.
"We have
India Cotton Movement fkom all Ports.
re-arranged our India service so as to make our reports more
detailed and at the same time more accurate. We had found
it impossible to keep out of our figures, as cabled to us for the
ports other than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
first give the Bombay statement
keeps the totals correct.
for the week and year, bringing the figures down to AprU 33.
BOMBAY RECEIPTS AND 8HIPMENT.S FOE FOnR TEARS.
New
Sept. 9, 1874,
—
We
Bhipmentt thit week-
Tear Oreai Conti-
nent
Brii'n.
1885
1881
1883
1882
11,000
33.000
4,000
8,000
\
SJUpmenfnnceJan.l.
Great
Total. Britain
21,000 32,000 93,000
41.000j74,000 283,000
25,000,29,000 219,000
31 ,000:39,000l4«o.000
Continent.
Beeeiptt.
Thit
Week.
Total.
8ir.ee
Jan. I
: T
332,000
634.000
655.000
735,000
234,000
351,000
13().000
270,000
46,000
83.000
79.000
82.000
."iOS.OOO
868,000
978,000
994.000
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
43,000 bales, and a decrease in shipments of 43,000 bales, and
the shipments since January 1 shew a decrease of 302,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and since the 1st of January, for two
" Other ports" cover Ceylon,
years, has been as follows.
Tuticorin. Kurrachee and Coconada.
Bhipmentt tinee January
Shipments for the meek.
Oontinent.
Oreat
Britain.
Calcutta—
1885
1884
Great
Britain.
Total.
_
..
,
1.
,» ^
Continent.
,
Total.
5.000
6,000
1,000
4,000
6,000
10,000
44.000
78,000
11,000
29,000
55,000
107,000
2,000
4,600
6,600
4,000
12,500
4,600
4,000
17,100
7,000
7,000
16,5C0
13,500
15,500
3,000
UadrfM—
1886
1884
All others—
1885
1884
32.000
16500
5,C00
8,000
1885
1884
26.500
36.600
64,500
104,000
13,000
10.600
8,000
8,600
91.000
140,600
week show that the movement from
is 3,600 bales less
than same
totals for the
Bombay
the ports other than
For the whole of India, therefore, the total
last year.
shipments since January 1, 1885, and for the corresponding
week
periods of the
two previous
years, are as follows:
EXPORTS TO EUROPE PROM ALL INDIA.
ThU
Europe
from—
Bombay
All other ports.
Total
ThU
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
week.
Jan.
32,000
13,000
332,000
91.000
74.000
16,eO0
634.000
110.600
29,0001
2,50J
e5.^,ooo
45,000
423.000
90,600i
774.600
31,500l
731.200
Alexandria, Egypt,
April 22
1884-85.
Keoelpts (oantars*)—
This week
Blnoe Sept. 1
1883-81.
16,000
Situx
1.
76.200
188J-83.
3,000
2,622,000
13,568,000
Since
This
week. Sept. 1.
I
3,000
2,233,000
This
Since
week. Sept. 1.
This
Since
week. Sept. 1
(bales)
4,000 290.000
7,000 173,000
To Liverpool..
To Continent
11,0001463,0001
f Revised.
Total Europe.
A cantar Is 98 lbs.
Comparative Port Receipts and Daily Crop Movement.
is
not accurate,
weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1884, and in previous years, has been as follows:
8,0001359,000
79,000
2,0001302,000
1881.
d.
i.
8^ «8'8
8'4 aS'e
a>4 ®834
83i«a8%
83ie®8?i
83,ea8%
83ie®8%
a>:
6
6
3S,B®8!|1
6
8»i«'a8%
6
CoU'n
Mid.
d
»6 9H
®6 9»2
36 9'i
®« 9
®6 9
«6 10
96 10
96 10
«6 10
«6 10
32< Cop.
Uplils
Iwist.
d.
a.
9
®
«
8>fl 9
16»
8»8 «
H\ 9
8I9
8I2
81s
6
6i8
±
9
9
9
9
8I4 lb:
Shirtings.
d.
7
B.
97
7 «7
6'fl®7
97
7 ®7
7
91s 5
914:5 Ti>97
914 5 9i3»7
8i3,ea95i6l» lOHtt7
5IB16 8'e 0938 5 11 97
5''8
938 5 llifla?
8^3
6
6
6
i
9
1381-82
1.
1880-81.
d.
21a
2>s
2i«
21a
21a
31s
4
Cotfn
Mid.
Uptdt
d.
613,g
5'e
S's
51...
6i8
41a
5
5i«l 63|g1
429,777 458,476
853,193 983,315
974,04H 1,006,501
996,807 1,020,802
487,727
571,701
291,992 572,729
257,099 476,58;
1879-80.
333,613
888,492
942,272
956,461
647,140
447,918
261,913
March 31
91-73
88-80
9089
86-40
89-58
This statement shows that up to March 31 the receipts at the
ports this year were 33,304 bales less than in 1883-84 and
783,756 bales less than at the same time in 1883-83. By adding
to the above totals to March 31 the daily receipts since
that time, we shall be able to reach an exact comparison of
the movement for the different years:
1884-85.
rot.Mr.31
Apr. 1....
"
2....
"
3....
4...
5....
"
1885.
8H
receipts
1,000
We
Skirtings.
1832-83.
Perc'ttige of tot. port
1,000223,000
give the prices
to-night states that the market is dull.
for to-day below, and leave previous weeks' prices for comparison.
Xwisf.
1883-84.
Xotalyear 1 562,914 4,595,118 5,345,670 4,290,610 5,075,110 1,480,842
4,000 121,000
Manchester Market. —Our report received from Manchester
82( Oop.
Tear Beginning September
1881-85.
Sept'mb'r 315,445 343,812 326,656
October.. 1,090,385 1,016,092
980,534
Hovemb'r 1,122,164 1,030,380 1,091,697
Deoemb'r 1,101,211 1,059,653 1,112,536
Jannarf . 475,757 487,729 752,827
595,598
February.
261,149: 385,938
163,503 241,514 482,772
Uaroh...
4,000238,000
11,000 bales.
reb.20
<•
2^
Mch. 6
" 13
" 20
" 27
Apr. 3
" 10
..
17
•" 24
—There has been a good demand
—A comparison of the port movement by weeks
"
This statement shows that the receipts for the week ending
April 33 were 16,000 caatars and the shipments to all Europe
&.
Jute Butts, Bagging, &c.
for bagging since our last, though it is only of a jobbing character, and goods are being taken as wanted for the present
needs of the trade. There is nothing doing in large parcels as
buyers are not disposed to purchase ahead, even at a concession.
Sellers are steady as to price, and for the lots that are
being taken are not willing to accept less than 9o. for li^ lb.,
9J^c. for 1% lb., 10}4'c. for 3 lb., and lie. for standard grades.
There is only a moderate call for butts and a few sales are
reported of paper grades. The market is firm and sellers are
quoting 1 13-16@lJ^c. for paper, and 25^^@3^80. for bagging,
for spot parcels. Some inquiry is reported for lots to arrive
at a shade under these figures. There have been sales of 3,500
bales within the range.
1883.
—
•
of the first presidents, will deliver the valedictory address. The members will then form in Hanover
Square, and, headed by Gilmore's band, march to Wall and
Beaver streets and return along Beaver Street to the main
entrance of the new Exchange. The ceremonies in the new
building will be preceded by prayer, offered by the Right
Reverend Assistant Bishop of this diocese. Dr. H. C. Potter,
provided he be able to comply with the official request to favor
the Exchange by his presence and to take part in the proceedings. Next the keys of the new Exchange will be presented by the chairman of the building committee, Mr. Walter
T. Miller, to President Siegfried Gruner, who will then address
the meeting. Subsequently other addresses will be made by delegates from other Exchanges, by invited guests, and telegrams
will be read.
The benediction will close the proceedings.
The gallery of the new Exchange is reserved for the reception of ladies, one ticket to be issued to each member on
application by letter to Mr. Walter T. Miller, 5 Hanover Street.
There will be appropriate music between the various
addresses, and finally the band will perform several selections,
when the assembly will separate.
Uonthiy
This la?t statement atfords a very interesting comparison of
the total movement for the three years at all India ports.
Alexandria Receipts and SmPMENTS. Through arrangements we have made with Messrs. Davies, Benaclii & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Exports
:
Wenman, one
Beeeipts.
1881.
1885.
ghipmenti
io ail
New York Cotton Exchange.— It has been almost unanimously resolved to suspend all business, except the first call,
on Thursday April 30, the day of opening the new Exchange.
The programme of the ceremonies is as follows The memters
will meet at the old Exchange at 11 A. M., when Mr. J. F.
as the
Total all—
The above
[Vol. XL.
••
6....
" 7...
" 8...
" 9....
" 10....
" 11....
" 12...
" 13....
" 14....
" 15....
" 16....
" 17....
" 18....
" 10....
•*
20....
" 21....
•'
22....
" 23....
" 24....
Total
1883-84.
1832-33.
1881-82.
1880-81.
1879-80.
1,562,914 4,595,118 5,345,670 4,290,610 5,075,110 4,480,312
5,922
5,344
15,516
5,050
8.
6,612
8.
8,293
10,903
5,994
5,770
8,096
6,524
B.
5,329
4,556
15,534
7,501
8.
12,239
9,772
23,210
1,830
8,873
8.
8,237
6,155
13,537
13,035
7,048
3,111
8.
6,333
13,354
4,022
9,980
4,998
6,213
6,300
15,310
9,512
13,6i6
5,264
2,829
4,507
S.
4.170
11,912
2,415
4,717
3,204
11,300
B.
9.678
6,625
5,156
3,319
18,301
8.
7,387
8.
4,449
13.867
7,506
6,628
6,990
B.
11,621
9,905
9,131
3,791
2,782
7,353
3,592
8,010
3,676
S.
15,783
5,696
11,031
8,615
7,299
5,340
6,101
12,369
4,746
8.
3,879
2,610
5,187
8.
4,703
6,054
13.264
2,936
4,003
5,513
6,299
9.431
S.
4,662
2,351
B.
4,039
12,886
8.939
2,008
2,145
9,-252
3,465
9,291
8.
8,812
2,636
14,679
3,899
3,378
2,769
17,026
8.
6,714
5,846
9,005
3,410
9,085
3,275
12,919
5,640
4,853
3,075
S.
2,282
6,260
6,05 4
8.
1,402
3,919
10,023
8.
5,140
6,876
6,458
2,241
10,295
1,613,940 4,686,696 5,582,063 1,109,865 5,309,673 4,013,149
PeroentaK 3 of total
portrec'p ts Apr. 24
96-62
92-73
93-43
90-38
92-23
A
.
..
,
April
This statement shows that the receipts sinoe Sept. 1 up to
to-niKht are now 4 2,T.'>I) bales less than ther were to the same
day of the month in 1881 and 038,138 bales less than they were
add to the table
to the saiue day of the month in 1883.
the percentaRes of total port rwoipts which had been received
to April 'i 1 in each of the years named.
The Exports op Cotton from New York
this week show a
week, the total robbing 9,129
Bolow we give our usua'
bales, against 13,315 bales last week.
table, showing the exports of cotton from New York, and tlieir
direction, for each of the last four weeks; also the total exports
compared with
directions since
last
September
1881,
1,
and in the
column
last
the total for the same i>eriod of the previous year.
BXPOBTS OF OorrOW
(B\I,BS)
Msw
1884.
1.
Samt
Wttk eiuling—
Exported to—
April
April
April
April
9.
16.
23.
13.176 10,489
Liverpool
161
Other Britlsli ports
9.898
l.OOOl
ORLBASii-Fi.r
Total
period
tinu
preri'ui
year.
Sept.
1.
6,599 346,209 300,291
31,132^ 18.648
I,H..r
W
April
'
I"
77
Other French
i>ort8...
Total French
77
Bremen
Hamburg
448
100
175
2J— .Hleaiiier
IVriivi.ui, 1,101,
For Bremen -Ajirii 22— Steamer Nurat'erg. 800.
PuiLAOBLPHiA-For IJveriKiol-Aprll 15—Steamer BritUb PrlneaM, SCO
17— Steamer
431
1,814
196
196
Total Spain, &a
Grand Total
"zoo,
Bimini IsUuds, near Uahaiu-i Archipelago, (t U expeoted that
the entire cargo (4,010 bale* cotton) will beuTadaBd taken to
Nassau. Up to April 13 aboat 1,500 bales bad been laved.
Cotton freights the past week have been as follows:
New York.
BeettpU
frotn—
New
Thit
week.
Orleans.
Texas
Barannah
,
7.902
9831
1.839.
.
258.320
213,973
2*0,173
Mobile
163
Florida
So. Carolina,
No. Carolina..
4tsl
Virginia.,.
S91
17
week.
Sept.
2.588
10,193
'.'.'."'.
209
12,781
2.967
2,532
5,493
9.129 548,585'429.703
at
'Philadblph'a
,
I.
1,757
8,986
12.847, 1,101.661
Last rear..
11,368 1,034,753
Since
ITtte
Sept. 1.
week.
0,604
46.9S1
21,065
116,149
23,230
192.44^
This rear...
This
week.
Balthiobb.
Since
Sept.
1,701
50,622
806
—
e.
Hamburg, stcam.c.
Do
sail
c.
Amst'd'm, eteam.e.
Do
Do
d.
sail
«5t
e.
Trieste, steam... e.
15.1S0
Antwerp, steam..c.
"4
9932-
Compressed.
t
—
Amencan
359,896
2,510
93,506
2,8«S
193,728
382.303;
5,6041
92.418
2.276,
200,033
Actual
e.vi>orC
Total balei.
afloat
Market,
Mid. Upl'ds
Mid. Orl'ns.
Sales
pecAexp.
.Future*.
3,462
3,484
2,405
1.528
6,859
561
2,101
1,342
Harden'^.
12:30 p.m.
12:30 P.H.
200
Market,
Market,
4 p. M.
Steady.
8,000
1,000
8.000
1,000
Steady at
1-M advance.
Steady.
i
Basy.
3,462
1,528
6,859
Baltimore
Boston
Philadelphia..
Total
2,405
9.129
9.351
1,528
6,859
561
561
2,101
1,312
3,806
5,068
601
2,405
30.871
Below we add the clearances this week of vessels carrying
ootton from United States porte^ bringing our data down to
the latest dates:
AprU
17.
41.000
43,000
48.000
3.000
5,000
8,000
1.000
1,000
27,000
33.000
S6.000
5.000
5,000
6,000
11,000
12.000
11.000
1,025,000 1,021,000 1,024.000
797,000 797.000 799,000
62,000
53,00
69,000
44.000
40,000
45.000
185.000 164,000
140.000
76.000
116.000 100,000
>
Rm:ill
Inquiry.
Wednte. TKurid'y
Dall.
Steady.
5''*
rr%day.
DnlL
S'S
6l»li
»<»l.
6l»u
6,000
6.000
7,000
500
.".00
7,0J0
1,000
L'luetllod
St«uly.
Qalet.
Qnlst
bat
stead r.
Firm.
Dall.
DnII at
8.61 de-
500
cline.
Unsettled
Sat. Apr. 18.
Open Hi«k Low.
Qalet.
OM
Aa«.-8ept-. 6 10
September..
Sept.-0ct...
Oct—Nov-.
NoT.-Deo.
.
Dec.-Ian....
J>n.-reb....
Uaa.. Apr. 30.
Open High IM*.
Taaa^ An'. *!•
Om. Ofm
Blfk
d.
S.
S.
d.
4.
S.
4.
4.
661
6 61
661
661
60S
806
810
661
681
oea
eos
606
610
68S
66S
ses
sss
SOS
607
866
558
6BT
667
6BS
BSi
80S
SOS
en
661
6SS
eoa
606
610 616
8 61
6 61
«.
561 5 61
April-May » 661 661
569
SOS
Uay-Inne..
Jane-July.. 602 602
Jaly-Aug... 606 806
AprU
2,101
1,342
18.990
V
>«•
The opening, highest, lowest and closing prices of futures st
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
lAut; 5 62 wueuu
Bj^ The prut* are given in pence and Gllhi,
5 62-61d., and 6 03 meant 6 3-64d.
d.
Tk><a{.
738,000
54,00C
44.000
172,000
120,000
{
particulars of these shipments, arranged in our usual
<t-
l.OOC
April 10.
M-1.
6
6
form, are as follows:
Bremen Amtterdam
Bamand
2.
39,000
3,000
Saturday Xonday. Tuuday.
Spot.
30,871
Savannah
>«•
•t»»„* ••»»l»' «•»».»•
•»•
•«»•
•m'
The tone of the Liverpool market for spots and futures each
day of the week ending April 21, and the daily closing prices
of spot cotton, have been as follows:
344
432
1,150
,
Of which American
6,599
404
Galveston
...a
7m»V 7m»V
...a
»»•
»»
ia»^-
ka»3j-
1,008.000
Of wbleb American— Estlm'd
Total import of the week
Of which American
Amount
1871
604
....
lbs.
29,000
6,000
9,000
8J,6C0
Antwerp. Genoa.
4St
V
Of wliich speculators took.
Sales
1,000
burg.
4St
....
'ja*"*
'4»»32'
Per 100
bales.
Sales of the week
Of wbieh exporters took
44,673
1.582
3,484
4St
t
.•
—
1,493
344
4}t
V
Liverpool. By cable from Liverpool1, we have the following
statement of the week's sales, stocks, &c., at that port. We
add previous weeks for comparison,
70,172i
Eavre.
•a*
»ia*
287
610
Kew York—To
pool.
•m
V
Forwarded
night of this week.
6,599
•«•
»18*
Total stock— Estimated
With regard to New York we
the Chronicle last Friday.
include the manifests of all vessels cleared up to Thursday
New Yorlt
New Orleans.
»M'
H'
17,603
Liver-
•
»!»•
77,017
Total
....
>...
6
bert, 3,844
.*•
»aa'
151
Baltimore— To Liverpool, per steamer Mentmore. 561
BOSTON— To Liverpool, per steamer Missouri, 2,101
Philadelphia— To Liverpool, per steamer Lord Olive, 1,312
H
....
29,628
Havre, per steamer Alexander Blxlo, 3,462.
To Bremen, per bark MetaSeeger, 3,484
To Genoa, per bark Emilia T., 2,105
Savannah—To Liverpool, per bark Osmond O'Brien, 1,528
HerGalveston— To Liverpool, x>er barks Alexandra, 3,015
..
H-
»«>•
••01*
New Ohleaks—To
>•••
....
"ss*
70,726!
304
....
»3»*
e.
1.628
Havre, per steamer Olinde Rodriguez, 344
IJremen, per steamer Neckar, 432
Hamburg, per steamer Bohemia, 1,1.50
Amsterdam, per steamer Zaandam. 200
Antwerp, per steamers Jan Brejdel, 100 ...Westemlafld,
•»•
....
T32«V 7ss»V
10
Liverpool, per steamers Adriatic, 1.493
Alaska. 2.262. ...Cadiz, 359. ...City Of Berlin, 1,357....
Epypt. 534....Servia, ^91
•it*
...•
.*.
11.599
9.070
*u'
•
....
16
188,177]
.*•
•«*
.-••
»«.•
•
Baroelona,steam.e.
Genoa, steam
.••
V
...•
431
Bail,..c.
Reval, steam
...•
H'
hi'
12,501'
—
The
sail
V
....
38-
#W.
H'
»W*
c.
Widnu Amti.
1.
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
30,871 bales.
are the same exports reported by telegraph, and published in
To
To
To
To
To
sail
Do
V
e.
April
12,7I9|
4,6«e
66,501
5.828
Do
*
1,391
North'n ports
Tenne8see,Aa
ForelRn
....
75,546
1881.
Since
Since
Sept. 1.
....
1,660! 2,1SC 124,073
20oi
Boston.
Bail...d.
V
Bremen, steam. .e.
York, Boston, Philadelphia and Baltimore for the past
1,
7«4*
21,208
21,288
33,050
13.900 15,839 13,315
week, and since September
ruM.
784*
Satur.
Do
The Following are the Gross Receipts of Cotton
Kew
JTon.
d.
Uverpool, steam
30,145
39,374
54,254
'209
Indiana, 538.
Below we give all news received to date of diiaaten to tmkIs
carrying cotton from United States ports, 4c.:
CAi.KDoxi A, ship, from New OrleiinK for llaTr*, ha* been wrecked near
432
601
:
'
Havre, steam
1.150
33— Bark
8S— Bark
Kratjevlea, 1,340.. ..April
.
29,716
942
Total TO North. Eorope
29,716
l.Ml....
For Vera OmiE— April lR-8t«ainer Eataban di> Antnnaao, 135.
NORt'oi.K-Kor LIveriinol-Aprll 23-fllilpCii
I.
Boston- For LIviTiHKil-Aiirll 14—Sleani«i
1,317.. ..April
17- 8teanier8i'yibia.")rt I ...\nrll3l-v«, l.VOi
Fi)r Viirnioiith, N. 8.— April 18-8teampr Alnli (. r.i>.
For Mttli' llrook. N. B-Aprll 2i—(ehoDner KvanRnllne, 1
BALTiMoiiK-For Liverpool-April 1«— Hieaiiier Oraouiura, 50O....AarU
34,030
'713
431
32,403
1,037
17— Bark
I'or .iiHi^iKii- April
Italia, 1,707.
344
4,414
Other ports.
Spain, Op'rto,Qlbralt'r,&c
All other
518
175
50
350
...
344
liark CUIItasmic,
April I8-Hiirli Kate Biirrlll. 2,370.
iia-Aprll 18-Bark (luteniierg, 700.. ..April
Total TO Great Brttain 13.176 10,650 10,893 0,599 377,641 318,942
Havre
April 17-aU)aini<r 4ii<lntliaa, SJO)....
>l
SI, .J,
r Ihv.hi.r, :i.%05;
Aiirll 'i'-'-HLMuiiir I'Inililliiii, .MJ4.
April
prom NBW YOBK SISOB 8KPT.
515
OAi-rMTOS-For Vara Omi-Aprtl 17 -SlMuaOT WUlMr, ••7.
We
and
.
THE CHRONICLE.
35, 1885.]
decrease, as
—
.
60S 603 866 806
860 660 660 560
BS6 696 616 668
66a
801
606
610
6N
sas
SOS
SOT
eos 806 eos SOS
680 860 66S 688
688 6BS 6M B&4
887
BBS
BSI
SOS
s«s
Uw.
666
688
BB7
661
eoi
s«a
*
88S
BBS
B8T
681
SOI
SOS
801 801 8*00 800
sae BBS SIBi 888
ess BBS sa
.
.
.
THE (.HRONICLE.
516
Wednes., Apr,
Ttaura.,
'i'i,
Apr. 23.
Prl.,
Apr
-.24.
dtctipts
at—
[Vol. XL.
Oom,
Wheat.
Flowr.
Oata.
Barley.
Bye.
m>u.i»eib! Biuh.e0 Ou Buah.Snibs BlMh.32 ».• Bwh.48 !6» fllM».5e Ibf
145.098
203,881
540,251
505,541!
109.704^
8,651
17.340
122,110
1,44U
29,290
38,450
3,840
61,8.67
3,980
103,229
7,089
500
51.541
2,135
15,934
12.973
13,345
1,87;
20,100
32,280
17,830
10.800
27.897
148.293
432.76i
135.860
9,000
8,964
720
5O1JO
119,410
191,275
23,400
5,000
^
Open High Low.
d.
April
5 52
April-May.. 5 52
May-June..
5 54
:
I
Dec- Jan
d.
d.
6 52
5 52
5 54
5 68
5 62
5 52
5 62
5 54
5 68
Jnne-Jnly.. 5 58
5 62
Jnly-Aug.
AiiK.-Sept... 6 02
September..
6 62 5 62
Bept.-Oot..
Oct.- Not... 6 53 653
NOT-Doo... 560 5 50
.
Open High Low.
Cloa
A.
5 62
6 02
5
5
5
5
5
6
I
'
!
!
'
52
52
54
58
62
02
5
5
5
5
5
6
53
53
55
50
63
03
Open HiQl Low.
Cloa
(J.
4.
d.
(t.
564
5 53
6 53
5 55
5 54
5 53
5 53
6 54
553
54
55
60
00
6 03
5
5
5
6
6.H
5 55
5 6J
6 00
6 03
5 59
5 63
5 53
5 51
668
5 58
5 63
6 02
Cloa
d.
d.
5 62
6 02
5.52
6 53
5 52
5 53
5 as
5 68
6 02
5t2
653
5 58
6 62
6 02
Chicago
Milwaukee
.
Toledo
Detroit ..
Cleveland.
.
.
Louis
Peoria
Dulath
dt.
.
75,402
Tot. wk. '86
5 62
5 63
6 53
5 30
5 62
'
683 568
i
5 50
5 50
1
563 6 83 6 63
6 53
5 60
5 63
5 50
5 53
5 60
5 62
5 63
5 50
5 53
5 62
6 53
5 50
660
5 82
5 62
6 53
6 50
...
3ame wk.
Same wk.
199.047
680,187
1,210,396
895.234
'84
181 810'
4l2.i)80
1,109,182
'&3
90,870
44S,84S
817,069
90S.596
766.632
209,738
179,115
195,512
23.258
23,208
43,178
7,489,693
89,172.333
78,001,871
44,080.999
15,510,117
6.868,092
7.271,579
60,523.695 88.841.301
65.030.470' 70.417,333
47,233,808
15.845.873
4,173,201
8,192,697
37,940,450
14,130,323
3,642,605
Since July 28
1884-5 ....
1883-4
Jan.-Feb....
BREADSTUFFS.
Friday, P. M.. April 24, 1885.
The comparative shipments of flour and grain from the same
ports from Dec. 33, 1884, to April 18, 1885, inclusive, for four
vears, show as follows:
1S84-3
1833-4
1882-3
19S1-2.
„
F'O"
OblB.
The flour market has been inactive, with the tone variable
4,005,398
3,111,228
3,044,615
2,252,978
and unsettled, and yet pries have varied but little. The Wheat
bush
6,665,028
9,546,888
5,920,517
5,B66,932
export demand has materially declined, and the purchases Com
32,084 631
25,5S4,14i
26.310,.J47
22,44>*,805
Oats
12.676,912
12,271,172
11,814,434
9,306,738
which dealers had made in anticipation of higher prices left Barley
2,235.841
2,148,551
3,954.942
1,715,376
their wants pretty well supplied.
But most of the receipts Rye
621,741
1.520,786
66!),-H2
737.938
preshad been sold previous to arrival, SO there was no great
Total (train .... 54,231,159
51,071,540
48,670,302
39,923,339
ure of stock upon the market, To-day trade was dull and
Below are the rail shipments from Western lake and river
ports for four years:
prices weak.
The wheat market was active and buoyant early in the
week under review. The warlike advices from London caused
a renewal of speculative confidence, and on Wednesday there
was a sharp advance ia prices. But the export movement did
not show much vigor, and the weather took a very favorable
turn for the new crop bringing forward the winter-grown, and
promoting the spring seeding in the Northwest; and to-day,
—
under calmer
by cable, there is considerable
selling by the bull party to realize, under which prices have
further given way. To-day there was a brisk export and a
slight decline, which caused a steadier closing.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
political advices
In elevator
Maydelivery
June delivery
Sai.
Mon.
Tiies.
89i8
9758
luO%
101
99ifl
July delivery
lOlSs
August delivery..
September delivery
October delivery
102%
lOQie
99%
102
104
lOSSg
10112
10338
105
Wed.
101
lOOia
1021s
10438
lOSTg
Thurs.
101
9958
lOIij
1031a
10358
105
105
Fri.
100 13
99''8
101%
106%
107%
Indian corn has shown rather more strength than wheat,
though moving pretty closely in sympathy with it. But
the advance on warlike foreign news was more decided, the
reaction toward lower figures not so marked. These facts are
doubtless due to the comparatively small visible supply and
the well sustained export movement. The close to-day is
very strong, the export movement continuing quite active.
DAILT CLOSING PRICES OF NO. 2 MIXED CORN.
In elevator
April delivery
Sat.
Ion.
54
54%
64%
Sm
51%
Maydelivery
June delivery
5513
July delivery
Tiies.
54%
54%
55
55
55»s
5d3e
55=8
5618
Thttrs.
Fri.
.5,VJ8
55 14
55%
56
57
August delivery
Rye has sold moderately at full prices.
closed out for the season. Oits have been
....
5M4
55%
55%
56%
56
56
56
57
571a
Barley
much
is
nearly
less active,
but prices have been advancing; choice qualities, in particular,
have brought extreme prices. There has been a good business
in mixed for export, and the speculation has been mainly in
early deliveries. The exports are effecting some reduction of
the visible supply. To-diy the market is steady.
The following are the
Fine
^bbl.
Buperflue
Spring wheat extras.
Minn, clear and stra't.
Winter sliipp'g extras.
Winter XX & XXX..
Patents
City gbippiugez
closing quotations
:
00
10
60
75
30
4U
ORArs.
I
Spring.per bush.
SpringNo. 2
Red winter. No. 2
Bed winter
White
Com— West,
mixed
West. mix. No. 2.
West, white
White Southern..
Yellow Southern.
The movement
Of)
»1 09
100 8101
100i«*101i2
90 91 06
93 ®1
53 9
55i«»
55 ®
60 9
53 ®
03
57
56%
58
65
Rye— Western
State
Oats— Mixed
White
No. 2 mixed
N0.2 white...
Barley— No. 1 Canada.
No. 2 Canada
State, six-rowed
Com...,
Oats
Barley
a
a
e
40 a
4014 9
43 9
88 9
78 a
68 a
72
76
38
74
78
44
,
Week
199.595
479,52)
1,315,336
1,537,236
1,565,116
739,311
91,604
686,030
84,177
56,001
2,651,065
1883.
1882.
Week
Week
April2l. April 22.
97,387
88,312
207,961
l,07d,735
276,811
754,456
148,625
73,687
4,260,191
2,264,484
The rail and lake shipments from same ports
weeks were:
81.062
572.743
597,324
70,796
27,951
1,349,875
for last four
Week
Flour,
endina— bbls.
Sye
bus'.
Apr.18,'85 321,821
Apr.ll, '85 235,312
Apr. 4,'85 318.012
56.001
16,426
33.136
Mar 28,'85 260,329
36,8(19
1 w. 1168,174 2,047.891
4w'k8'84. .965,043 5.437,180
rot,,
8,393.859 3.259.401
6.565,480 4,318,759
444,530 142,482
483.255 851,651
at the seaboard ports for the
The receipts of flour and gram
week ended April 18 follow:
Wheat,
bush.
Oom,
Oalt,
Barlev,
Rye
bush.
bnsn.
152,445
40,750
25,769
15,048
223,800
116,669
615,548
266.150
30,132
455,050
109,240
3,000
10,850
98.000
bush
69,260
13,500
bimn.
2,361
Flour,
At—
obis.
New York
1.54,053
Boston
Portland
Montreal
74,101
500
12,514
29,617
49,890
Philadelphia...
Baltimore
Newp't News
New
Orleans...
17,786
388,200
542,830
41,397
556,358
13,345
ii525
580
14,400
21,692
1,200
29,815
719,300 120,377
4,641
491,035 41,000 213,071
The total receipts at the same ports for the period from Dec
23, 1834, to April 18, 183.5, compare as follows for four years:
1884-5.
1883-4.
1882-3
1381-2
Flour
bbls.
4,532,883
3,870,757
4,831,585
3,5i0,935
Wheat
Corn
Oats
Barley
43 12
bush. 10,191,140
38,297,505
..10,344,410
2,082,764
319,703
.
Rye...
8,157,090
16,472,697
6,525,817
2.139,368
1,041,112
15,039,519
29,510,846
7,716,143
1,873,176
339,367
8,110,727
10,341,951
7,087,580
1,945,686
185,168
Total gran... 61,235,519
34,339,384
54,47J,351
27,673,112
several seaboard ports for the week
ending April 18, 1885 are shown in the annexed statement:
The exports from the
Exports
Wheat.
Oom.
Bush.
267,679
78,400
25,769
Bush.
590,635
155,721
22,132
Bbls.
283,442
226,774
171,496
301,963
114,033
22,458
88,124
539
250
Total w'k.
882,064 1,35(1,038
8'me time
1834. .. 1,343,073
609,107
287,56)
176,115
12,148
34,533
110,312
3,729
70,530
41,159
We
add th«
from -
Boston. ..
Portland
Montreal.
Philadel,.
Balthn're
N. Orl'ns.
N, News.
Flour.
98,635
77,809
Oatt.
Bush.
150,204
25,661
90
81
to—
72
1885.
Week,
Apr. 18.
Bbls.
Un.King.
227,566
Contlu'nt
6,931
& C.Am
Brit, col's
23,107
18,532
11,052
Oth.c'n'ts
327
237.565
8.
W. Indies
Total.
1884.
Week,
Apr. 19.
Bush.
26,333
8,200
...
Wheat.
Fl^ ur.
Exports
for week
Feeu.
Bye.
Bush.
12,148
The destination of these exports is as below.
corresponding period of last year for comparison:
48
401a
market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchanfce. We fli-stgive the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending April 18 and since Aug. 1
for each of the last three years:
>)ash.
rotal
57
of breadstuflfs to
...bbls.
Rye
New York
FLOUR.
$3 10® 3 85 South'n com. extras.. f4 OOa 5
3 30a 4 10 Sautliern bakers' and
3 50 8 4 30
family brands
5 259 6
4 25a 5 00 Rye flour, superfine.. 4 30i» 4
3 90i» 4 40
Fine
3 25*3
4 .503 5 75 Com meal—
5 00a 6 35
Western, 4o
3 159 3
3 80» 5 00
Brandywine, Ao
3 359 3
Wheat—
..
Wheat..
1884,
ApriH9.
rotal week... 33^,491
574,4812,471,215
Cor. week '84 . 256,730 1,464,899
719,152
Wed.
5558
Flour ._
1885
Week
A))rU13.
311,040
1885.
Week.
Ai)r. 18.
1884,
Week,
Apr. 19.
Oorn.
1885.
Week,
Apr. 18.
1884.
Week.
Apr. 19.
10,714
661
Bush.
Bush.
Bush.
655,779 1,008,830 1,013,777
226,285 329,085 327,044
17
10,599
4,168
5,141
140
310
Bush.
213,618
356,064
33,360
2,111
3,660
110,312
882,061 1,343.07;- 1.356.033
609.107
Bbls.
63,885
1,652
13,557
19.8 43
364
.
X
'
nuL 25,
THE CHRONICLE.
1880.]
By adding this week's movement to our previous totals wf
have the foUovring statement of exports this season and last
617
Print Cloths,—The following show* tha ooufM of tb*
market during the week:
Beaaon:
Whtat.
18<M-S.
AUQ. M.
4u«. asta
I4>—
Apr.
18.
I88S4.
Aug.n
Apr.
to
!9.
Obnt.
1888-4.
IS84.S
SJ to
Apr. 1«.
ilu«.
Auf.tltt
Apr.
10.
1884«.
^ug. 39 In
Apr. 18
oorro*
Aug.n
Bwh.
Buth.
3,308,873
l9.8Sa.370
17,304,391
33 300,031
1»,3S3.149
8S0.M9
ase.eu
18,S88.1B8
11.S3S.BM
9,578.930
0,288,003
4R8.4T»
449.e00
48,403
8S1.097
3K0,S93
1,000
1,333
87,380
8.010
17,S«7
930.931
381,782
00,053
76.829
1,310.848
ftS3,906
Total.
6.918.17S
8».003.l'9O
31.425.8fl«
8fl.lW.'i.(lW
.
.
aso.esB
Sl.lHO
22.735
4,97a.lB8
140
23.071
3BB17.1M8
Butli.
Do
882,012
115.348
113,739
Oawcgo
Louis
Cincinnati...
8t.
Boston
Toronto
Montreal
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
Down
a.316,2G9
1,173,706
90.000
1,634,596
55.703
102.171
339,100
185,317
945.543
3,319
47,800
56»,176
951,201
MisHlgaippl.
OnraU
655,666
Tot. Apr. 18, '35.
Tot. Apr. XI, '85.
Tot. Apr. 19. '84.
Tat. Apr.21.'S3.
Tot. Apr. 22, '82.
42;398
77.72 >
30.000
512.991
51,515
250,771
400
2,074
492.339
68,311
41, ICO
15:i.710
597,513
217,566
1,480,839
9,095
11,823
77.424
18.529
162,904
7,015
18.166
80.517
134.158
35,600
4,134
2,991
508,986
Qnlot.
ToMday.
Dall.
8-lB
QolM.
DoU.
Thurtdar
8-15
Prtea
IMaL
PitM
Pita*
Mm
Prlo*
Prtea
PriM
Pctea
Pnot
Ma*
M**
Prto*
SOU
Qnlot.
Prim
Sain
Prtea
Qalat.
Prioa
Salat
PMo*
BaUi
8-1S
TriiAy.....j
Ptla*
'.4,500
17,555
15,156
1,200
76,016
1,008
1,000
Transferable Notlo*»— Satordar. 310; Mond«r,3'10:
dar.S'lS; Thuradar.3'lS; Vrldar. 815.
2.698
41,193
155
8lt
Ma* 1.000
Tatal.
TuawUr, 810; Wado
Domestic Woolen Goods.—There wa« a fair businsM In
some descriptions of men's-wear woolens, but the general
demand was not up to expectations, clothiers having shown
great caution in their operations. Spring cassimeres ware
more sought after, and some fair sales of both all-wool and
union makes were made by leading agents. Heavy cassimerM
and worsted suitings have met v^ith considerable attention,
and very fair orders were placed for future delivery. Overcoatings continued in steady request, and a fair business was
done in satinets at somewhat low prices, while Kentucky
jeans and doeskins ruled quiet. Ladies cloths, tricots, sackings, &c., were distributed in numerous small lots (to a fair
amount) but Jersey clothes have relapsed into a condition of
comparative quiet. Worsted dress goods were lightly dealt
THE DRY GOODS TRADE.
p. M., April 21, 1885.
In spite of the favorable weather conditions which have
prevailed during the greater part of the week, business waa
only moderate in the wholesale branches of the dry goods
There waa a moderately increased re-order demand at
hands, but comparatively few out-of-town buyers have
appeared in the market, and personal selections were consequently light. Some large sales of domestic cotton goods and
ginghams were however effected by manufacturers' agents
(by means of very low prices), and a slight improvement in
the export demand for domestics was an encouraging feature
of the week's business. The jobbing trade was hardly up to
expectations, but spring-like weather has given some impetu s
to the distribution of certain fabrics that have ruled quiet o
late, and retailers have made such inroads upon their stocks
trade.
first
on hand that jobbers expect a fair supplementary demand in
the near future. Values have not materially changed, but it
is a buyers' market for such fabrics as are not in strict accord
ance with current demands.
Domestic Cotton Goods, The exports of domestics for
—
the week ending April 31 aggregated 3,530 packages, including
1,570 to Great Britain, 718 to Antwerp, 700 to Arabia, 157 to
Argentine Republic, 133 to Brazil, &c. The demand for etaple
cotton gooi^s was chiefly of a hand-to-mouth character, both
wholesale and retail buyers having governed their purchases
by positive requirements. Brown sheetings and drills were
more sought for by exporters, but the demand by jobbers and
Bleached shirtings and
converters .was strictly moderate.
cambrics ruled quiet, but very low prices enabled agents and
jobbers to distribute large quantities of certain makes of wide
sheetings. Colored cottons were mostly quiet, yet some fair
orders were placed by the manufacturing trade for special
Prices
styles of cheviots, fancy shirtings and fancy denims.
of a'd plain and colored cottons continue very low, and it is
seemingly useless to look for any improvement in values until
the equilibrium between supply and demand has been restored,
and this can only be done by a large curtailment of production
for a time. Print cloths were in light demund, but closed
firm at 3i^c. plus
per cent for 64x64s, and 2%c, for 56x603,
Prints were rather more active, and lawns were in better
request, while some large transactions in ginghams were
stimulated by low prices.
%
/*>•«.
PriM
8*lu
Quiet.
w*4'dar-
41.432,641 10.237, 19> 2.514.245 701.269 297,636
42.721.678 n,606.3!»2 2.589,537 870,1.^8 335,353
21,179,2-'0 15,540,302 3.739,927 1,037.282 1,6)6,037
21,201.544 17.«Sl.9i0 1,020,6J9 98S,023 1,703,6,^)8
644,084 941,298
10,8J9,161 8,319.520 2,222,247
Fridat,
guiM.
»1B
4.946
53,108
»13
Doll.
2761
20.000
16.272
70,000
13,716
81,716
32,935
Ttmt,
Xonilar.
afloat
Detroit
Prte*.
BatnnUr.
The visible supply of grain, compri.sing the stocKa in granary
at the princii>al points of accumulation at lake and seaboard
ports, and in transit by rail and water, April 18, 18S.5, was as
follows:
Oat»,
Barley,
Rye
Wheal,
Com,
bttth.
buth
buth
In $tore at btuh.
buth.
67,595
7,701
Now York
3,333,837 2,251,548 856,012
Do aQoat (o«t.)
111,126
87,776
171,239
16,0110
Albany
35.O00
10 000
10,000
600
13.01)0
148,001
15.315
Buffalo
600.332
2,620
02,599
ClUcajro
15,78f,37l l,874,7l!9
lO.^OlS
51,165
Do afloat ....
223,S35 l,967,2i).'>
Newport News...
7.537
85,'J9l
Milwaukee
6,155
43,221
16,565
5.031,855
Uulutli
7,000
10,774
6,481,503
Toledo
tto*.
AprV.
(i.
4.106.177
BM<.
rtrrrBM.
Apr, 19
On. Ktocdom
Oontlnant
8^0. Am...
W«at IndlM.
BrtU Col'nlea
OLh. ooaDtr'a
BbU.
•AbM or
futum.
BfoU.
xooAifai
by package buyers, but fair siles were effected by jobbers.
and carpets remained quiet, but an
blankets
improved demand for wool hosiery was reported by agents
who are booking orders for next fall.
FOHEiON Dry Goods were moderately active in jobbing
circles, but the demand at first tiands was chiefly confined to
a few specialties. Silks ruled quiet with importers, and there
was an irregular movement in dress goods, while linens, white
goods, handkerchiefs, laces, embroideries, hosiery and gloves
were only in moderate request and men's-wear woolens were
in light demand by wholesale buyers.
Importations of Dry Good*.
The importations of dry goods at this port for the week
ending April '23, 1885, and since January 1, and the same facts
in
Flannels,
;
for the corresponding periods are as follows:
3~¥~
f
£
£
?
s
S:
I
OP MWr-MW
ceo
I
(C
Q0*^3
rf*
C
lb-
h-
o o; w ii 01
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iF-IO
Onri
00
o*«olooa
I
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I
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crMit>>vo
a*-
o» to
-JgtOMtO
I
'cDCoVoaco
CO
^O
O
too
I
coo
cs^
^|b
— ao)W
MN^-tOHi
kou
03O
t«
!
!
M^tOfM
c)*c
HtOO'^OC
Mr- h- OS -a
'
o a* t— o M
1
»to
^
o<^0:3>0
5
*
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,
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was •^'^
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85888
HI-
MO
'«eeaocex
*10OCB-
^ 10
lOO
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(oatawei
ri
esT«>.-na
«x5;*oco
^^M^-W
—
« we 05 V- a cots
Mi- r. —
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— O M M xj
00*4
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63
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MtpffCJJb
:
:
;
:
THE CHRONICLE.
518
^ompnuUs,
^iuaticial
^nctiau ^aUs.
(S^ammzxcinl
STOCKS and BONDS
AMERICAN
At Auction.
FINANCE COMP'Y,
6
PINE
IfORK.
ST., TiEVf
STOCKS AND BONDS,
8d Vice-President
8d Vice-President
WEDNESDAYS AKD SATURDAYS.
SeCr and Treaa.
ON
SOUND INVESTMENT BONDS furnislied to Savings Banks, Insurance Companies, Executors and
Trustees of Estates, and individual investors.
UNITED STATES BONDS, State Bonds, Municipal Bonds, Railroad Bonds, bought and sold.
BONDS of States, Municipalities
and Railroad Companies negotiated or collected.
CALL
TIME LOANS made on United States
PINE STREEl",
No. 12
(EQUITABLE BUILDING.)
m^stjern
Cash Capital, $500,000.
It is the only Company organized in the United
States devoted exclusively to Suretyship, and with
assets invested in this country.
It guarantees the honesty of Officers and Employees of Railways, Banl£s, Telegraph, Telephone
and ExDress Companies, and persons employed by
corporations and business houses holding positions
of trust and pecuniary responsibility.
B. D. L.
& SONS.Wesfn Managers, Chicago
SWEET
HENRY K. FOX, Agent and Attorney, Philadelphia
GODFREY' MOUSE, Agent and AtU.rney, Boston.
BASCO.M 4 MUNSON, General Agents, St. Lonls.
BBOWN.CKAIU & CO., Gen'l Agents, San Francisco.
Write us
The Guarantee
Co.
Cash Capital
CashAssets
|3OO,0O0
400,000
214,000
Deposit with Insurance Department
President
Vice-President
8lB ALEX. T. GALT.
HON. JAS. FEHRIEB.
:
NO. Ill
D.
Edward Rawlinos.
FIDELITY & CASUALTY
NEW
216 BROADWAY,
YORK.
Assets, S512 026 11.
Cash Capital, $250 000.
Deposited with the Insurance Departnrt, ^200,000.
Ofilcials of Banks, Hallroads and Express Companies, Managers, Secretaries, and Clerks of Public Companies, Institutions and Commercial firms, can obtain
4
BONDS OF SUHETYSHIP
from this Company at moderate charges.
The bonds of this Company are accepted by conrts
of the State of
New
Y'ork.
CASUALTY DEPARTiTIENT.
Policies Issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates, Ac, can be
obtained at head office, or of Company's Agents.
Wm. M. Richards, Prest. John m. Ckane, Seo'y.
ROB'T J. HiLLAS, Ass't Secretary.
DIRECTORS
David Dows,
W. G. Low,
Charles Dennis,
A. S. Barnes,
J.S.T.Stranahan, H. A. Hurlbut, Alex. Mitchell,
J. D. Vermilye, 8. B. Chittenden.
A. B. Hull,
Wm. M. Richards.
Geo. S. Coe,
Geo. T. Hope,
G. G. Williams,
MAIVHATTAK
&
348
BROADIVAY,
NEW YORK.
Comer of Leonard Street
Safes to rent from $10 to $200 per year,
AND CAN BE RENTED FOR A
Wall
ESTABLISHED
P.
Fabius M. Clarke,
ATTORNEY AT ATT,
I.
TOPEKA, KANSAS.
CommerciaJ and corporation law and municipal
Bkferences: Hon. D. J. Brewer, U. 8. Circuit
Judge; Corbin BanklnR Co., New Torh; Eastern
Banking Co and Gen. K. A. Osborn, Boston, and the
Baokuf Topeka/ropeka, Kansas.
I
PRINTS, DENIMS, TICKS, DOCKS, to.
Toivels, <lnilt8,Wlilte Goods dc Hosleri
DrUli, Sheetings, tic, for Export Trcule.
BAGGING.
WARREIV, JONES
Manufacturers' Agents for the sale of Jute Bagging
&
Co.,
IMPORTERS OF
IRON COTTON TIES.
OLIVB STREET. ST. LOUIS,
Dealers in 'Western Secarltles.
Defaulted Bonds of Misaomi, Kansas and
H
J
i
STATE BANK,
)
Incorporated 1875.
J
C. T.
from
-
-
-
-
119
WALKER
9200,000
Buffalo,
Agents for the following brands of Jute Bagging,
'Kagle Mllls,""Brooklyn Clty,""Georgla,""CaroUna/'
'Nevlns, O," "Union Star," "Salem,' "Horloon Mills,"
Jersey Mills " and " Dover Mills.''
'
IMPORTERS OF IRON
Littell's Living Age.
AGE
ri^IlE I<1VING
has
X been published for more than
forty years, and has met with
continuous commendation and
N. Y.
success.
facilities for making collecon all accessible points in the United States,
Canada and Europe.
Liberal terms extended to
accounts of bankers and merchants.
Correspondents.— New York, National Shoe 3t
Leather Bank; Union Bank of J^ondon.
©arxls.
TIES.
'^xibXic^tinos.
This bank has superior
®0mmjeri:ial
TIES,
(FOR BALING COTTON.)
$300,000
BUFFALO.
YORK-
BAGGING AND IRON
Prompt attention given to all business in our line.
N. Y. CoRKKsi'dNDENTS.— Importers' & Traders'
National Bank iind National Bank of the Kepublio.
BhbkmanS. Jewktt. Pres. Jobiah Jewett, V.Pres
William C. Cornwkll, Cashier.
Wheeler,
MAIDEN LANE,
NEW
Cashier.
I4ITTLK ROCK, ARKANSAS.
&
BuUard
Illinola a
peclalty. Good Investment Securities, payinK
to 10 per cent, for sale.
F0NE8,
ORATZ>
1871.
305
President,
&,
LOUIS, Mo.
ST.
Keleher
F.
Co.,
BROW^N & BLEACHED SHIRTINGS
Dallas, Tbxas.
Street.
A WEEKI.V MAGAZINE
it
gives
more than
THREE AND A QUARTER
TllOUSANl)
double-column octavo pages of
reading matter yearly. It presents in an inexpensive form,
considering its great amount or
matter, with freshness, owing
to its weekly issue,and with a
completeness nowhere else attempted.
The best Essays, Reviews. Criticisms. Serial and
Short Stories, Sketches of Travel and Discovery, Poetry, Scientitlc, Biographical,
Historical and Political Information,
from the entire body of Foreign
Periodical Literature.
It is therefore invaluable to every American
reader as the only satisfactorily fresh and COMPLETE compilation of an indispensable current
literature— indispensable because it embraces the
productions of the
_^
Brinckerhoff, Turner
&
Co.,
Manufacturers and Dealers In
COTTON S AILDUCK
And all
ABLEST HYING WRITERS,
Politics and
kinds ot
in all
CANVAS, FKLTINQ DUCK, CAB
COVERING, BAOOINO, RAVHNS DUCK, SAIL
TWINES, Ac, "ONTAEIO" 8KAMLK8S
COTTON
BAGS, "AWNING STRIPES.
branches of Literature, Science,
Art
"Nearly the whole world of authors and writers"
anpearin the I. ivi.NG AcE in their best moods. •
Art, science and literature find fresh and eloquent
expression in its pages from the pens ot the best
and tlie reader is kept well
writers of the day
;
abreast of the current thought of the age.
Also, Afcents
UNITED STATES BVNTING
A foil supply, all Widths and Colors, always
No. 109 Duane Street.
DAY mrEEK OR mONTH.
bonds, specialties.
Mortgage
rranaact a general Financial and Agency Buslneaa in
the State of Texas and Europe.
New York Correspondents:
C. B. WBLLE8LET,
General Manager,
BLAKE Bro»<. Ik Co.,
Safe Deposit& Storage Co
346
&
Fabyan &
tions
CO.,
ItlUls,
AND SHEETINGS,
CAPITAL,
Secretary.
Continental
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
COMPANY LIMITED,
(OF LONDON, ENGLAMD),
Bank of
NEW TOKK Directors—Joseph W. Drexel, A. L
Hopkins, n. Victor Newcomb, John Paton, Danie
Torrance. Edw. F. Wlnslow. Brastus Wiman.
Nos. 214
Bliss,
entire issues reoelves special atten
you wish to buy or sell.
Texas Land
OFFICE
BROADWAY.
TOMPKINS,
J.
if
Capital (Paid In)
OF NORTH AMERICA.
NEW YORK
FltcUburg Worsted Co.,
German National Bank,
NO OTHER BUSINESS.
Brown jWood& Kingman
Geoifge Wliltney,
TUB
D. Q,
-Boiids of* Suretysliip.
EUerton New Mills, AVlilte nil'g. Co.,
Uncasvlllc Mfg. Co.,
Underwear and Hosiery Mills.
state, County, City,
The funding of
tlon.
in the Courts.
all its
Motley,
Chauncey Stbbet,
BOSTON.
CUIcopee iTIl'g. Co., Peabody inills,
Saratoga Victory Mfg. Co.,
Town, Schoo
and Car Trust Bought and Sold.
DriATTkCl
OvyXN UiJy
American Surety Comp'y
General Offlco, 160 Broadway, New Yort.
BiCH'D A. Elmer, Pres't. Lyman W.Briggs, V.P
This company will act as surety on Bonds required
'§mikiexs.
DEARBORN STREET,
CHICAGO, ILL.
FINANCIAL AGENCY for railroad companies and
SURETYSHIP.
15
St.,
No. 176
AND
Circulars on application.
Franklls
NEW YORK.
88
lilncoln Mills.
Co., BOSTON, 31 Bedford
Street,
60 Worth Street, and
wfw
INTESTMENT BANKERS,
Ntw vr.Tjc-$5S
YOKii^3g &
^ 37 Thomas Street.
Bonds and good Municipal and Railroad Bonds.
Will also conduct the reorganisation of railroad companies and other corporations
whose bonds are in default or whose property ia in
the hands of Receivers or Trustees.
RAILROAD LOANS negotiated.
4
SELLING AGENTS FOB
Geo. H. Gilbert Mfg. Co..
Freeman Mfg. Co.,
Arlington Mills,
Renfrew Mfs. Co., James PliUUpg, Jr.
N. W. Harris &
DEFAULTED
ottier corporations.
H. milLLER & SON,
NEW YORK.
ADRIAN
Authorized Capital Stock, $1,000,000.
Paid In
500,000.
Managing Director
of all classes of
1st Vice-President
President
&
Joy, Lincoln
86
CfPavds.
FOR
REGULAR AUCTION Ocean MIIIk Co.,AGENTS
Atlantic Cotton MlUa,
The Uudersigned hold
SALES
JOHN C. SHORT
FKANCIS A. WHITE
JAMBS 8. NBGLEY
THKO. B. TALBOT
WM.P. WATSON
[Vol. XL.
ESTABLISHED
CO.
In stock
18S5.
Eug^ene R. Cole,
SEARS & COLE,
It
SrccESSon to
STATIONER AND PRINTER,
SnppUes Banks, Bankers, Stock Brokers and Corporations with complete outfits of Account Books
and Stationery.
i^" New concerns organising wUl haye their orders promptly executed.
No.
1
^VII^LIAIH
STREET,
(UANOVEB SQUABB.)
—notion
has now for many years held the first place of
*
•
The only possible
all our serial publications.
objection that could be urged to it is the immense
amount of reading It gives. • • There is nothing
noteworthy in science, art, literature, biography,•
philosophy or religion that cannot be found In it. *
Its readers are supplied with the best literature oi
the day."— Dk Churchtnaj!. A'eTO I'ork.
" It may be truthfully and cordially said that it
never offers a dry or vahieless page."— afto Torx
••
"It
is
one of the marvels of the age."— ^pectotor,
Hamnton, Canada.
postagti
wkkklf at 1800 a year, free oj one
ot
THE Living Aok and any
the American »4 Monthlies (or Jiarpers BJetTj
or for
or Alearlwlll be sent for a year, postpaid
Ntcholas or
|9 60 THE LIVING AOE and the Si.
LippincolVi JTonthlv. Address,
Published
or for $10 SO
;
tlTTEI/Ii
& CO.,
Boston.
b
'
APWL
25, lb86
iHfc «;hkonj(jle:
J
ni
<Kotton.
Su0ttv»ttcje.
The United
OFFICE OF THE
IN
ATLANTIC
Insurance Co.
THE CITY OF NKW VOHK,
(OnUA.NI/BD IN
BHOS.NAN.
T. n.
Mutual Insurance Co.,
KEW YORK, January 24, 1885.
Thfi Tmstecs, In conformity to the Charter of
Company, sabutit the foUowlnj? Statement
tlie
of Its affairs on the
3Ut December,
1884:
let January, 1884, to 3lst De-
$3,953,039 44
cember, 1884
Premlnms on Policies not marked
1,447,756 70
off Ist January, 1884
$3,405,796 14
Fiemlums markecl
off
January, 1884, to 3l8t December,
II.
Mon
COMPAWSOS OF
BiTsnriss.
dming the same
$2,109,919 20
1883.
Amount
ders and Dividends
»«75,«23 98
Written
Interest
.
. .
«(K)«.14«18
A
1884.
iStl i 1882. 188S
.»f,B(M.21 1 00 ?>',1 1 1,488 (»
lieo :il, 82. Dec. 81, 'Hi.
»17,187,105 00 *1»,789,B64 00
duo and unpaid on Total Assets, Decem-
INIiAND INSURANCE
INSURANCE COMPANY,
WALL STREET, NEW YORK.
ASSETS.
1212,590
United States Securities
Bank Stoclts of New York City Banks.
86,638
City and other Stocks and Bonds, Loans
347,188
and Cash in Bunks
Premium Notes, fash Premiums, Ue-ln87,558
Burance and otr:er Claims
Total Assets, January
THE OUTSTANDING CERTIFICATES
A DrVtDEND OF FORTY PER CENT
H. OHAPMAN,
81
t74S,96I 76
COMB-', President.
of
CO.
YORK.
President.
S 103,876, 178 51
Board.
MmmsMifis,
Charles Dennis,
W. H. H. Moore
James Low,
David Lane,
Gordon W. Bumham,
A. A. Raven,
Wm. Sturgis,
Benjamin H. Field,
Joslah O. Low,
Horace Gray,
William E. Dodge.
William H. Macy,
e. A. Hand,
John D. Hewlett,
Wimam H. Webb,
Charles P. Bardett,
Edmund W. Corlles,
Adolphe Lemoyne,
Robt. B. Mlntnrn,
Charles H. Marshall,
William Bryce,
John Elliott,
James G. De Forest,
Charles D. Lererlch,
Thomas B. Coddington,
Horace K. Thurber,
William Degroot,
John
Riker,
N. Denton Smith,
L
George
Henry
Bliss,
Pier (new) 42. North River, foot of Morton St
Travelers bv this llneavold both transit by Kntrllsh
railway and the discomforts of crossing the Channel
In a small boat.
NOUMANDIK. Kmngeul
Wort., April 89. B A. M.
ST. l.AL'KK.NT, De JoU5selln..\Ve<l., Miiv (i, 10 A. M.
AMKKIQUK, Saulelll
Ued.. Jlav Kl, 5A. M.
ST. GEIOIAIN, Traub
Wed,. Mav'2i', 10 A. M.
PRICE OK Passage (IncludinK wino):—To Uavrosecond
Flrst cabin, tlUU and (80;
cabin, t<Ml; steerWiQy $26— tncludJuK wine, bedding and utensils. Keturn tickets at very reduced rates. Checks on Banque
Transatlantique, UavreandPari,sin amounts to suit.
Havre
to Paris.
The Compagnie (Jenerale Transatlantinue delivers
at Its oflBce In New York f»peci!>l train tirketa from
...
;;i to Paris
Havre to Paris. !'
isaengers
without e.vamir.
No*. 31
dc
33 Broad Street,
NB!W TORg.
JOHN
n. CLissr
&
co.,
COTTON BUYB^RS,
raONTGOniERY, ALA.
PUBCHASB OSILV OH ORDBBS FOB A COMMtmO«
18»
Farrar & Jones,
PEARL STREET, NEW YORK.
Liberal advances made on Cotton coDSlnimaU
Special attention given to orders for oontiaMJ IW
tnture delivery of Cotton.
SURE, FARRAR *
CO.,
NORFOLK. YA.
'
t
have the same
<'-'
s
New
dock
In
-ijrtonSl.,
York, Pier 1at least two hours ijuiuru ihu Uo;ju£iuicul a steamer.
.
liOCIS
DE
Henry M. Taber& Co.,
141
BEIIIAN,
No.
E. Hawley,
Affent,
iIo%vlIne Green.
PEARL
ST.,
NKW YORK.
CC>'TT0IV".
Advances made on ("otislgnmenls of Ci*l««i
Isaac Bell.
JOSEPH GILLOTTS
STEEL PENS
W. n. H. MOORE, 2d Vice-President.
S01.D By
Vlae-Pre»ldeBt.
Brothers,
COTTON BBOKERSi
France.
William D. Morgan,
RAVEN, Sd
John M. Cirm.
JB.
Ewen
JOHN D. JONES, President,
CHARLES DENNIS, Vice-President
A. A.
Liberal advances
From
Special Train n-om
Petroleum Exchange and Stock
made on conalgnmeot*.
New York
WARBEX EWIN,
GENERAL TRANSATLANTIC CO.
NEW YORK and HAVRE.
TRUSTEES:
Co.,
ders for
Provisions lor future delivery. Orders also eieeoted
on the
ONLY
&
COniHISSION MERCUANTt,
NO. 12 OLD SLIP,
NEW rORK,
AND NOBFOI.K, VA.
given to the execution of orattention
Special
^^ the purchase and
sale of Cotton, Grain, and
Between
J. D. Jonen,
COTTO
SPINNERS and B.XP0RTBR8.
!
14, 1842.
Direct Line to
for
COBRESPOJfDENCB SOiaCITKD,
REFXREXCE3.— National Bank of Aagnsta, Oa
Henry Hents A Co., Commission Merchants, N««
York William B. Dana 4 Co.. Proprietors COMJOSciAL & KiKANCiAL Chrosicia and other New Tot*
Uouses.
__^
Rates Lower than other Companies.
-
&
Rountree
is
Secretary.
TO ORDER
I8SVES STEBX DESORIPTION OF
-
PEARI. STREET,
NEW YORK.
Cargill,
COTTON BROKERS,
AVGIJSTA, GEORGIA.
LIFE<&ENDO WMENT POLICIES
Assets,
MlUJUL
Entire attention given to purchase of
OF
ORGANIZED APRIL
D.
Alexander
V.P.
MUTUAL NEWLIFE
McCURDY,
CHARLES
OllDEBS rOB FtmTBE CONTBACT8 EZICimll I>
Nkw York and Litkrpool.
THE
R. A.
sale «(
Hopkins. Lrcnrs HopKnri
No. 134
BROVVN, SUIPLEV A CO.
INSURANCE
C.
and
Hopkins, Dwight & Co.,
C O TT O M
COMMISSION MERCHANTS
tW
order of the Board,
J.
Special attention jrlven to the pnrcbaae
Future Contracts.
46
1885
VKXV YORK.
No. 61 stone Street,
This Company Issues Certlticates of Insurance,
lO'ses payable In I.ONDO.N, at its Bankers, Messrs
declared on the net earned premiums of the
Company, for the year ending 31st December,
1884, for which certificates will be Issued on
and after Tuesday, the Fifth of May next.
By
1 ,
W. IKVINO
HenrvD. King, Sec. wai.nwkioht Uardie,
$12,93!<,289 38
the Issue of 18S0 will be redeemed and paid to
the holders therex>f, or their legal representatives, on and after Tuesday, the Third of February next, from wbieli dateall interest thereon
will cease. The certillcates to be produced at
the time of payment and canceled.
Robert Tannahill 8c Co.,
00
00
. .
.
ers thereof, or their legal representatives, on
and after Tuesday, the Third of February next.
r»
Messrs. Smith, Edwards A Co., Coitoa
Liverpool.
Messrs. Samuel TI. Buck & Co., New Orl«
auBTATUs
MARINE AND
Assets, viz.:
SIX PER CENT INTEREST on the outstanding certificates of profits wlU be paid to the hold-
KXCIlA.xai ia<
"K THA1>&
C<il;i
Cotton Commlgsloii Merchanta,
No. 42
otherStocks
$8,776,6!j5 00
Loans secured f>y Stocks and
2,005,ICO 00
otherwise
Real Estate and Claims due the
Company, estimated at
440,000 00
Premium Notes and Bills Recelvaule
1,454,959 73
Cash In Bank
261,514 65
VOIIK
CIUCA<
nients, Annuities, Surren-
$787,789 40
The Company has the following
United States and State of New
York Stock, City, Bank and
the
Paym'ts to Pollcy-holdera
for Death Claims, Kndnw-
COMMERCIAL MUTUAL
Returns of Premiums and Expenses
NEW
iMtt
\\n I'KOVIMION*
1884.
ber 31, 1884, NO.NB.
Losses paid
period
VOHK COKKKK KWll KHQ*.
iiUMfi
at the
0%.
Alaoerdenfir
¥.
OAFFNKr.
Insnnince In force
$4,036,271 04
1834
atthe,>IR\V
BniroBI), Aotuarr.
u
KXtril ANiiKM,
C O V V K
All the proHta belonn to the polloy-holdera ezolustvely.
All Policies taencefdrth iMoed are Incontestable
for any onuae after three jreara.
Uenth Clalius paid ut "rice
us Bstlafactorr
»r<>otii are received at the Home Oflloe.
Absolute security, combined with tbe larxest llberalltT, asttures the populurtir and success of this Co.
All form of Tontine I'ollcles Issued.
AGKNT8, desiring to represent the Company. are Invited to address J. 8.
Superintendent of Afieuoles. at llome Office.
New Insurance
from let
LKA.N8COTTUN
FRALSian, Seo'r. A. Wbeklwbioht, An'tSsr.
Ueo.
T T OM
York.
UKLimt
UlheNKW VOKK, UVKRPOOr. AND NBW
Prealdsnt.
GOOD
Premiums on Marine Kiaks from
Total Marine Premiums
0. P.
8 HuiKh William SI., New
BJCECt'TU UUI1KI18 CClH KL'Tl/'lia
C O
York.
Co.,
COMMISSION MERCHANTS
1800.)
& 363 Hroadwar, New
861, 262
&
Henry Hcntz
States Life
ALL DEALERSTJitouchoutThe WORLD
GOLD MEDAL PARIS EXP0SITI0N-I87S,
raots for
lold
mtare
Delivery of
Cs^
m*
_^______
CoUoo bowht
on commuwion.
fames F. Wenman & Co.,
•^
COTTON BROKERS.
No. 113
PEAPL STBKBT,
EsUbllsbed
(la
». T.
Tuntloe Balldlni) IMA.
THE chronicle:
VUl
&
W.
INMAN,SWANN&Co
NEW YOUK.
-I.OANS
MADE ON ACCKPTABI^K
Sons,
BANKERS.
14 NASSAU STREET, NEW YORK.
—with interest upon balances.
INVESTMENTS
COUNTRY BANKERS.
Special attention paid to
fiew York.
Bccountsof
and
ALL GRADES, SUITABLE TO WANTS
Ol' SPINNERS,
Offered on tekms to 801T.
Phenix Insurance Co.
OF BROOKLYN,
Charles mayuoff.
A. C. ton Gunbell.
von Gundell & Mayhoff,
COTTOIV BROKERS,
&
»08. 2
&
T. Hatch
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS RECEIVED— BUhJect to Check at sight
COTTON MERCHANTS,
4PICIAI. Attention to Obdkhs for Contracts
Foa FuTUKK Delivery of Cotton.
VOJi
P. Hatch.
Arthur M. Ealeh,
IS'-* Church Street, N. Y.,
HHAwrKf>»i>mai
BRANCH
OFFICES j.^j^g
Chapel »t.. New Haven
SECURITIES.
Oath AdvaTicet Made cm OonHgnments.
sCOTTON,
Benry
Waittr T. Hatch..
Nalh'l W. T. Hatch..
Stillman,
MERCHANTS,
ffost Building, 16 & 18 Excliange Place
1885.
25,
plisccUaucoiis.
Cotton.
a:;ottou.
Woodward
[April
STONE BTKEET, NEW YORK.
4
MAYUOFF
laEmFHIS, XENN.
JiEW YORK,
GUl!»JI>EL,i7~&
COTTON BUYERS,
& Gwynn,
Fielding
statement 9/
ORLEANS,
IWE^V
195 Broadwaj-, New York City.
Company 1st Day of Jan., ISS.I.
CASH CAPITAL
fl.000.000 00
Office,
G. E. Staenglen,
Reserve for unearned premiums
Reserve f or uu paid losses
Netsurplus
^,390.965 07
287.H27 h7
t«0,»91 18
AGENT FOR
14,343,130 89
STEPHEN
CR01YEI.I., President.
VVM. R. CROWELL, Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretary.
FRANCIS P. nURKB. Sec'y Local Dep't.
COTTOS COMPANY OP STUTTGART.
Auttiorized Caiiital, R. M. 20,000,000.
COTTON FACTORS
HOME
Pald-Up Capital, R. M. 6,000,000.
AND
COMMISSION MERCHANTS, G.
&
Schroeder
Co.,
Company
Insurance
WARE & SCHROEDER.
OF NEAV YORK.
COTTON COMMISSION MERCHANTS,
OFFICE 119 BROADWAY.
POST BVILDINU,
»3,0(10.000
CASH CAPITAL
2.847.5ft.5
for Unearned Premiums
16 & 18 Exchange Place, New York. Reserve
Reserve for Unpaid Losses and Claims.
4 5.708
Suecessoi-s to
16 and 18 Excbange Place,
NEW
POST BPILDINQ.
Gwathmey &
YORK.
Bloss,
LSHMAN, AilKAUAM
COMMISSION MERCHANTS,
No. 123
PEARL
ST.,
NEW YORK.
Ordere for future delivery of Cotton executed In
New York and
^trtopa in New
Liverpool
;
also for Grain
New
BANKERS
AND
Sl
CO.,
Montgomery, Ala.
&
Co.,
EXCHANGE PLACE,
TUB COTIOX, COFFEE AND
PRODUCE EXOUAXCES.
Fkrods Held.
&
iLBUBi-KS OF
Neur York.
SMiMA, ALA.! MONTGOMERY, ALA.
Reid
Co.,
Cotton Brokers & ConimiBsion Merchants
Orders
&
Exchanges In New
made on Cotton
>,
ii.
it
123
ST., 186
&
COrrON BROKERS,
^ew York.
laS Pearl street,
Or'^^'*-.
for
^pot Cotton and
Futures
prooiptiy
NET 8CRFLDB
KiNEMANN.
Orleans, La.
Special Attektioh Given to the Execution
OP
ORDERS FOB FUTURE CONTRACrS.
BABCOCK&CO.
B. F.
COMMISSION MERCHANTS,
17 Water Street, LIVEHPOOL,
Receive consignments of Cotton and other Produce
and execute orders at the Exchanges In Liverpool
Represented In New York at the oilice of
82
85
Orders
92,964,490 55
JAS. A.
ALEXANDER,
North
&
NeMr York.
St.,
Agent.
British
Mercantile
Co.
Ins.
BABCOCK,
Nassau Street, New York.
D.
LONDON AND EDlNBURCn.
U. S.
Branch Statement Jan.
1,
1885.
$3,301,747 61
Invested and Cash Fire Assets
—
LIABILITIES:
Reserve for Unearned Premiums
Reserve for Unpaid Losses
Other Liabilities
Net SJurplus
$1.15:j.0fl3
35
17w,.f79 117
.•"•7i'*^^J
.l,9it4,555iST
$3,30 1,747 61
00
Branch Office, 54 William St., N. Y.
CHAS. E. WHITE, SAM. P. BLAGDEN,
Losses paid In D.
U.
S. In
18 years
.
.!i>15,'.210,33'.i
B.
Managers.
JAS. F.
DUDLEY,
Supt. of Agencies.
WILLIAM STRKBT. NEW VORK.
in "
Futures" executed at N. Y. Cotton Exch.
Waldron
&
Tainter,
L^ O'pnmercial
COTTON MERCHANTS,
07
Co.,
•2,019,026 83
4,000,000 00
0¥
F. Hoffmann,
COTTON BROKER AND AGENT
88 RUE l>E t>A BOKRSE, UAVRB.
$0,013,517 40
1, 18fc5
CapluU
Fellowes & Tileston,
NEW YORK. COTTON, STOCKS, BONDS, tec,
COTTO.H BROKERS,
NEW YORK.
Company
OF HARTFORD.
GRA VIER ST.,
New
York.
Co.,
tSBf AVER STREET,
•oated
Insurance
duns.
n. W.
PEARL
fel
yETNA
Newgass
Co.,
61
President.
Secretary.
WASHBURN,
or to our corres&.
00
rtO
»7.3(I5,0»0 55
1.188,5
MARTIN,
IJabUitles tor unpaid losses
and re-insuranoe fund...... .
-s
SAM'L
WALTER&KROHN,
M.
1.
Aaaeta Januai7
COrrON BROKERS,
Dennis JPerkins
J.
Mohr, HanemannSc Co.,
New York.
184 PEARI. STREET,
CHAS.
No. 3 Cortlandt
And General Commission Merdiants,
vGeo. Copeland
'
1
Wh. Mona.
Tuttle
Liberal advances made on cotton conslmimej ts.
^peclHl attention Kiven to orders for contracts ;ur
fpture deUvery of cotton.
nl
.
New
& Wakefield,
COTTON
ecuted
e'*
York and Liverpool.
and other pnjduoe tpondents in Liverp
and Messrs. L. lUisenliuim
NOKFOLK, VA.
Liberal adraoces made on Cotton consignments.
Special alteatiun given to the sale of cotton to
arrive or in trantiit for both foreiKQ and domestic
markets. Correspondence sulicited.
St.,
Cash Assets. Jan.
Up-town office, No. um Church Btkekt.
Buyers of Cotton for a CommlBslon. Orders for Fu
ture Contracts executed In New York and Liverpool
Theo. H. Prick.
J[«te of Eure, Farrar & Price.
Netsurplus
coniinissioN hiercuants.
and Pro-
COTTON COMMISSION MERCHANTS
Ho. 19 So. William St., New Ifork.
,
LKUMAN, DL'RK
No. 4U
John C. Graham
84 Beaver
CU.,
LEHMAN BRO'S,
Cotton Factors
AND
York.
Price,
Jk
Orleans, La.
1.141,7^6
f.
l>
R A IC I, KTU KKT.
DAVIS, JR.'S CINCINNATI
DIAMOND HAMS.
Fop F>
rtj-foui-
eatis-fiiclioii
Years this brand
forllio ev.iiiiesR
ond
lias
given
LJnion Jns.LyO.
{Of LOND0K4
ALFRED
richnct's of
curing. Sold l.y Iciidiii^'Gr. ceis, from whom
obtain ciiculttis "llowto Cook the Diamond
Besident 'latMgtr,
its
Uam."
PELL,
Cor, Pine
& William Sis
@FedFRASER