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HUNT’S
MERCHANTS’
&
representing the
gkw0jh*pe*,
industrial
YOL. 38.
MAGAZINE,
and
commercial interests
of
the
united
SATURDAY, APRIL 26, 1884.
CONTENTS.
The Financial Situation
THE CHRONICLE.
491 I Returns of
Suggestions for a New Bank
|
states
NO. 983.
the two roads about which the most has been
tlie
Banks
of
Canada
49S
Currency
494 Monetary
and Commercial
Erie’s Position and Standing:.. 495 |
English News
499
Short Time in the Cotton Mills 497 I Commercial and Miscellaneous
I
News
500
THE BANKERS’ GAZETTE.
Money Market, Foreign Ex¬
Quotations of Stocks and Bonds 504
New York Local Securities
change, U.S. Securities, State
505
and Railroad Bonds and '
Railroad Earnings and Bauk
Stocks
502
Returns
506
Range in Prices at the N. Y.
Investments, and State, City
8toek Exchange
503
and Corporation Finances... 507
charged thiff
week, and even that property, it will be seen, is far from
being in such a distressing condition as the rumors afloat
would indicate.
If that road fails to meet its interest, the
default will grow out of future events not yet
But, passing that and two
developed.
three other instances, are not
the traffic returns in various sections, now
being reported,
much better than the
forebodings that have prevailed ?
Most assuredly there is no such loss of business
yet
apparent as was promised, while with regard to the future
a favorable start for the season’s
crops seems to be as¬
sured.
Some
Thi Commercial and Financial Chronicle is 'published in
(in the absence of a better grievance) fret
New York every Saturday morning.
about India crowding out our wheat, and its
being fed to
(Entered at the Post Office, New York, N. Y., as seoond-elass mail matter.]
cattle or left to rot in the fields.
All that 4s idle talk,
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE :
good enough for Wall Street perhaps, but no country can
For One Year (including postage)
$10 20
For Six Months
do
6 10
lay down wheat at Liverpool cheaper than we can. Our
Annual subscription in London
(including postage)
A2 7s.
Sixmos.
do
farmers have more to fear from speculators than from
do
do
£1 8s.
These prices include the Investors’ Supplement, Issued
every other
If then we only have good crops, the
month, and furnished without extra charge to subscribers of the India.
marketing
Chronicle.
Subscriptions wi l bo continued until ordered stopped by a written of the produce, together with a World’s Fair at New
order, or at the publication office. The publishers cannot be responsible
for remittances unless made by Drafts or Post-Office
Orleans, is pretty sure to give our roads about as much
Money Orders.
London Office.
as they can do the
coming fall and winter.
The office of the Commercial and Financial Chronicle in London
Is with Messrs. Edwards &
Smith, 1 Drapers’ Gardens, E. C.. where
while
Yet,
all
this
is true, such considerations count but
subscriptions and advertisements will be taken at the regular rates,
and single copies of the paper supplied at Is. each.
little with the conservative public, which sees Congress
A neat file cover is furnished at 50 cents;
postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
persistently forcing upon us a currency system that is
WILLIAM B. DANA Sc €o., Publishers,
WILLIAM B. DANA.
79 Sc 81 William Street, NEW YORK.
JOHN 0. FLOYD.
actually bleeding us to death. There never was a more
Post Office Box 958.
evident case of self-destruction than our
country is at this
or
£he ©tottide.
.
On page 49S will be found the detailed returns of the Banks
of the Dominion of Canada for March
31, furnished us by the
Deputy Minister of Finance, Mr. J. M. Courtney. The returns
for February 29 -were
published in the Chronicle of March 29
on
on
376, and those for January 31, in the issue of March 1
page 247.
page
THE
FINANCIAL
SITUATION.
Very little has occurred to change the situation of
affairs the past week. On Wall Street the
special influ¬
ences have been the
depression and disagreements in the
coalcarrying business, the slow progress made towards
settling the differences between the Burlington & Quincy
and the Union
Pacific, the disorganized condition of the
Trunk Line Pool, and the general weakness of what are
known as the Gould stocks. From the latter fact the
Terence has been drawn quite widely that Mr. Gould has
®*rketed during late weeks or months a
good portion of
his
properties, and is not an unwilling spectator to the
present decline, while the loss in
earnings of some of the
coal-carriers has given currency to rumors of impending
financial difficulties in the case of one or more of them.
But these are all mere trifles as
light as air, were it not
for the distrustful attitude of the
public mind, which
kads it eagerly to
harbor every unfavorable suggestion.
Share property in
general is really in no special danger,
have in another column
set out the condition of
one
of
moment
We have
engaged in.
not
insolvent;
no
commercial malady;
largely in debt,
communities; we are not short
of any of the necessaries of life, for they are both abun¬
dant and cheap ; we are the same active, self-reliant, ven¬
turesome people we were three years
ago ; capital also i3
in very good supply at very low rates of interest; and
yet
there
is
not
a
morsel of
enterprise, but a kind
of dry rot has taken possession of all our -industries.
Some try to think that it is the tariff talk that is disturb-*
ing the relations of trade; but a difficulty with that
explanation is, that the same condition existed before that
agitation began, and furthermore, most values are lower
now than the proposed
reduction in the tariff would war¬
rant.
Others are sure that it is the coming Presidential
election that is paralyzing our energies; an absurd explan¬
ation for a people that have passed through so many such
experiences with business unchecked, even too at critical
moments when much was at stake; while now, if the
tariff is not an issue, we are not sure that
anything is.
Still others look pleadingly to Congress to adjourn and
think they see in that the realization of their, hopes; and
yet we can hardly imagine what relief is anticipated,
since as a legislative body it is literally doing nothing,
and unless all signs fail, there 19 no reason to expect any
change in that particular.
we are
either
as
individuals
we are not even
or
492
THE
CHRONICLE.
tvol. xxxvHi.
5th. The gold so arriving is being senTto'Cub'
difficulty lies deeper. Capitalists April
on the order of the representatives here of the Spanish
and business men know that we have entered upon a
course which sooner or later must end in disaster.
They syndicate.
As already indicated, the stock market has been un¬
are therefore in a listless mood, waiting, watching, un¬
settled and generally lower this week.
Each day there
willing to engage in any enterprise, or to trade except
however, to manipulation ora temporary
with the utmost caution.
It is not because gold has left wrr3rallies, due,
covering of short contracts, and when the demand for this
us, or continues to leave us, but because of the unknown
purpose ceased, the downward movement was resumed
power of the volcano that is working underneath and pro¬
Monday the market was panicky during the morning and
ducing the outflow, which disturbs our people and in¬
dustries.
In the meantime the two parties in Congress, very feverish until the late trade, when there was a manipu¬
lated re-action. ' The feature on this day was a fall iu
instead of doing anything to relieve the situation, are just
Union Pacific, the Southwestern, the coal shares, and Erie
keeping up that ceaseless, wearying, face to face, The movement was accompanied by disquieting rumors
steady stare at one another, like two dogs over a one of which was that the pool in Union Pacific had
liqui!
presidential bone, apparently thinking that the one dis¬
dated; that Mr. Gould had been freely selling his proper¬
playing the most humbug and the least principle will hold
the winning cards for November.
We doubt it; and if ties, including Western Union, and that the Erie had a
large amount of paper floating on the street. Although
Congress were elected to-day, it would doubt it too. As
the tone was a little better at the close, the feeling was
an indication of what the people now think, it is refreshing
very gloomy.
The next morning there appeared a state¬
to turn to a party convention held in this State this week,
ment by Mr. Jewett, of the Erie, positively denying the
and read the unequivocal announcement of its “ adherence
rumors current on the previous day, while an interview
to a sound financial policy which dictates the immediate
with Mr. Gould represented him as saying that he had not
suspension of the coinage of the standard silver dollar,
sold, but, on the contrary, had been buying stocks. In¬
“the retirement of the trade dollar, and the inflexible
fluenced by these statements, the market opened at an
adjustment of the currency to the sinyle standard of yold.'1 advance
compared with the close of the previous day, and
Our opinion is that no one will be elected president next
there was an irregular but generally upward movement
fall that has an uncertain record on these points; the dis¬
until the afternoon, when liberal sales of Union Pacific,
turbance is getting to be too serious and too widely under¬
probably to realize the profits of the advance, had an un.
stood to permit of scepticism here.
effect for a short time. In the final trade there
The market for foreign exchange has continued strong settling
was
a
sharp recovery, and the tone was strong at the
all the week, and on Thursday the rates were advanced
close.
On Wednesday the advance movement was re¬
half a cent per pound sterling.
This rise in rates followed sumed at the
opening, but the tone of the market changed
pretty promptly the rise in prices of breadstuffs, favor¬ before
noon, and for the remainder of the day it was
ing the presumption that the latter affected the supply of more or less unsettled, closing weak. On Thursday the
bills from that source.
Still the shipments of grain have
market was feverish at the opening, and it so continued
been very light, making the drafts drawn against them
until near noon.
After it recovered, the movement was
quite limited in amount; and moreover a disposition has
Reading
all along existed among bankers to discriminate against upward, with the exception of a sharp decline in
to the close.
Friday, Reading developed renewed weak¬
all but really prime bills of that character. Some bankers,
ness, in which the other [coal properties shared, and the
however, report that they are able to gather bills enough
trunk line stocks (as well as West Shore bonds, which were
from the small variety offering to meet current require¬
depressed by reason of the application for a receiver of
ments without shipping gold, while other bankers claim
the Ontario & Western Terminal Company) also showed
that the demand upen them is so urgent that they are
lack of strength, but the close was at some re-action
forced to ship, although
the profit of the move¬
from the lowest figures.
Union Pacific was strong
ment is acknowledged to be very
small. Discounts
throughout the day at a slight advance.
in the open market at London have for the past fortnight
Railroad earnings for the later weeks of April, as in
been nearly as low as our rate for call money and now
the earlier weeks, make on the leading Northwestern,
they have fallen to 1 5-1G percent. It is not reasonable to
Southwestern, and Southern road®, according to the weekly
suppose therefore that any gold has been sent this week
returns coming in, a very satisfactory showing.
We have
on speculation.
The outward movement has undoubtedly
been in response to legitimate demand for remittance either previously alluded to some of the exhibits for.the first and
For the third yTeek the Sk
second weeks of the month.
from importers of goods or from the arbitrage brokers
Paul, which last year gained the large sum of $104,000,
dealing“between the two markets, and there is a fair pros¬
loses only $24,000 of it in the present year. £The
pect for a continuance of these exports. Perhaps a check
Northwest loses $2,9.00, but had last year an equally small
No, the truth is the
“
“
a
to
the outflow may occur
when money becomes more or less
permanently dearer here than it is in Europe, enabling
foreign bankers to employ their funds to good advantage
in our market. The exports of gold this week have been
.$3,438,805 on Wednesday, $250,957 on Thursday, and
$1,400,000 have been withdrawn for shipment d)y the
steamers sailing to-day.
The rise in the price of bar silver
in London has encouraged the export of about $250,000
of that metal this week.
One unusual circumstance may
be mentioned, and that is that gold is now crossing the
Atlantic in both directions.
A syndicate of Spanish
bankers, interested in Cuba, have contracted with the
Bank of France for about $2,000,000 Spanish gold owned
by the Bank, and a portion of this has been shipped to
the United States in transit for Havana, some arriving
last week and a small amount during the week ended
which
The St. Paul & Omaha, on the other hand,
gained $12,000, now gains nearly $32,000 in
addition.
Northern Pacific has earnings twice as great
as in 1S83.
Minor roads in the same section, like the St.
Paul & Duluth and the Milwaukee Lake Shore & Western,
gain.
in
18S3
improvement on last year, iu addition t)
the improvement recorded then. . In the Southwest,
Louis & San Francisco has as yet suffered no int3r-
also
show
b^.
in its business,
been Bistinguished. The gain for'the third week is $13,400. U
other sections we have the Ohio Central and the P)D,?
Island, both of which have done better than a year ago.
In the South, the Louisville & Nashville deserves t) be
ruption
to
the
for which it has
mentioned
large augmentation
thus far in the
for; it3 steadily
present year
rising earnings.
It gA1D3
ATBIL
THE
26, 1884.]
CHRONICLE.
493
third week, and had previously gained
gained only half a million in net, the augmentation in ex,
penses having absorbed all the rest. As to the Western lines,
$70 500 in the first two weeks.
Pennsylvania Railroad's statement for March makes a the reduction in rates on east-bound freight that occurred
very much better exhibit on the lines east of Pittsburg in March was no doubt a very unfavorable feature.,- On
than for either January or February, and the improved the 13th of the month, the rate on grain was reduced from
result has in great measure been brought about in the way 30 to 20 cents per hundred pounds, and on the 20th it was
we ' suggested it
might be, namely by a reduction of further reduced to 15" cents. The Eastern lines were able
for the
•
■
which in past years have been increased enor¬ in great measure
mously. We find that the loss in gross earnings is $180,- through the large
expenses
to
overcome
this adverse circumstance
extent of their local traffic, but on the
which is comparatively small, considering the adverse Western lines this traffic plays a much less important
conditions prevailing and the heavy continuous gains made part.
in this month in preceding years—and this loss in gross
The following shows relative prices in London and New
receipts has been offset to the extent of $135,877 by a York of leading bonds and stocks at the opening each day.
contraction in expenses, so that net earnings are only
|
April 22
April 23.?
April 21.
April 25.
{ Apri 21.
$50,876 smaller' than a year ago. When we come
Lond'n N.Y. Lond'n N.Y. Lond'n| N.Y. Lond'n
to the lines west of Pittsburg, however, we meet with
\ N.Y. Lond'n N.Y.
prices,
prices.*
prices.
prices.*
prices.*
prices.
prices. prices.* prices.
an entirely
different result. Here we have again a U.8.4s,c. j prices*
123 H 123*00
123*00
123 47
123*30
123-+s
| 123-'>s
L'-’3">h 123 24
753
.
large falling off, there being this year a de¬
ficiency in meeting liabilities of $10S,8S3 for the month,
very
while in 1883 there wTas in the same
period
a
surplus of
11303
113*42
j
1949
ISO's
IS* 14
2d con.,'
84*85
85
83*38
U.S.4*6s. 113*42
Srie
Ill.
Cent.|
128*75
N. Y. C..I 113*79
113+i
.18^
113*42
i 113?4
19*4!)
| 19?tf
128*75
129'.;
85*31 ;
129*30 ;
113-GO
1+3'Ms
114*10
84
113*39 ! 113' i
18*39! lS:'s
E'H
83*90
83 H
,s*j'
12S 70
41310
113 91
128*6
113}4
82',.
1
j 114'4
113 55
113
1805
83 01 I
85*4
129:,s
112 93
$153,366, making the difference against 1884 $262,249} Reading, 24*521 48 23*00+ 47><; 24*27+ 48M 22*$>+i 40 22*58+ 45
Ont.W'nl
9*07
9*31
8*70
913
0%
SH
8+4
which, added to the loss of $50,876 net on the Eistern St. Paul. 1 85*71 859Wj_ 85*10 85'!
84*85
85*83
84
8 .'r,s
8;) <k
.81*20
50*27
system, makes the total decrease, compared with 1883, on Can.Pac.J 50*27 4 m 49*78 50
j 49'H 4^-50 H5 }■;. 40*88 40*6
all lines, both East and West, $313,125.
As compared Esoh’geJ
cables. 1
4*00i .j
4 To'.;
4*90'7
4*91
4*90*3
with the years preceding, the showing is even more unfav¬
Expressed in their New York equivalent,
orable, chit fly by reason of the great loss on the Western
Reading on basis of $50, par value.
lines. This will appear from the following statement giv¬
Money on call was quoted at the stereotyped rate of l-J
ing the re si its for six years, both for March and the
(g/2 per cent until Tuesday, when there was a spasmodic
three months ended with March.
movement, which brought it up to 3.4, This was, However,
Lines East of
|
ISSi.
1882.
1S33.
!
1SS1.
1830.
rH cc rimmediately followed by such a liberal supply from all
Pittsburj.
March.
$
*
*
*
quarters that the rate fell to 1J-. Each day since then
$
Gross earnings
4.002,9*27 4,189,380 3.912,29.‘ 3,844,304 3,278,180 2,003,008
there has been a similar movement, succeeded by equally
Operate expenses. 2,593,070 2,733,953; 2,190,19. 2,045,(178 1,700,938 1,015,845
liberal offerings.
These flurries may foreshadow a period
Net earnings...
1,404,551 1.455,427: 1,415,80.2 1,799,220 1,51 1,21*'
'987,223
+
1
Os,8+3
Western lines......
153,300;
*371,421
*015,053
*45,103
*23,55:2
of greater activity in money.
There has been very little
Result
1,295,008 1,003,793 1,400,905 *2,173,011 2,120,307 1,010,775
change in the rates of exchange on New York at interior
Jan 1 to April 1.
i
points during the week.
The following statement, pre¬
Gross earnings.
11,00.9.593 11,830,958 10,592,301 10,129,13
9,300,313 7,084.531
Operate expenses. 7,303,327 7,507,773; 7,022,07. 5,904,912 5,190,5-5 4,504,791
pared from returns collected by us, exhibits the week’s
Net earnings... 3,095, *200 4,203,119 3,509,089 4,104.191
4,109,72- 3,179.740
receipts and shipments of gold and currency by the New
Western lines.
12,280
*920,050 *1.019,121
+305,199
*270,Oio!
*149,449
*.
i
i
i
.
*
i
i
)
‘
•
_
*
i
.
*
t
>
...
+
...
Result
*
8,3.9.7.70
Surplus.
Here
we
4.539,81 o'
3,557,40')
5,08 1,811
5.158,85.
3,329,189
t Delkit.
-
that these Western lines make
see
exhibit this year
than in
a
poorer
other year given. As com¬
pared with the best year they have had, namely 1880,
when there was a surplus of as much as $015,059, the
falling off in this one month reaches nearly three-quarters
of a million dollars, and as
compared with 1SS1 the loss
is
nearly’-half a million. Even the poor year, 1882, is
outdone, and 1879, too, is left behind. Thus it happens
that, including the result on the Western lines, the Penn
sylvania system of roads shows net earnings of only
any
$1,295^668 in March, 1881, against
both 1880 and 1881.
to
York banks.
over
$2,100,000 in
TTeeft Ending April 25, 1884.
Received bp
Shipped bp
N.Y. Ranlis.
N.Y. Ranks.
$3,150,000
Currency
Quid
$251,000
Movement.
Cain
Cain.
54,000
Total gold and legal tenders
Net Interior
$3,200,000
$251,000
12,800.000
59,000
Cain.$2,910,000
The above shows the actual
changes in the bank hold¬
ings of gold and currency caused by this movement to
and from the interior.
In addition to that movement, the
banks have lost $500,000 through the operations of the
Sub-Treasury and $0,571,000 more by exports of gold.
Adding these items to the above, we have the following,
which
should indicate the
total loss
to
the New Yoik
The
total, however, it is satisfactory Clearing House banks of gold ahd currency for the
note, is above that of 1879, when it was but a trifle week covered
by the bank statement to be issued to-day.
over
a
million
dollars.
But in the exhibit for the first
quarter of the year
the total is almost exactly the same as
in 1879,
the difference being only a few hundred dollars,
and the small
improvement is attributable to the same
cause, that is, to the unsatisfactory result on the
"Western system, for the Eastern lines have in¬
‘
Week Ending April
25, 1884.
Into Banks.
Oat
of Banin
Banks’ Interior Movement, as above
Sub-Treas. operat’ns and gold exp’ts
Total gold and legal tenders
The
$3,200,000
$3,200,000
Net
Change in
Holdings.
Bank
*
$254,000
Cain.f 2,910,CCO
7,071,000
Loss. 7,071,000
$7,325,000
Loss. $4,
'.25.000
activity and decline in the United States 4 and 4£
per cent bonds this week are attributed to manipulation
Tal. As
compared with any other year than 1879, the by two prominent houses, each operating in different
for
showing
the quarter in 1881 is far from satisfactory, directions—one seeking to depress the 4 4s, and the other
for in 1883 the total was over
$1,200,000 greater—that is, to advance the 4s. In the absence of a demand such
the loss thus far this
year reaches that much on the entire manipulation is possible.
system—and in both 1881 and ISSOitwas over $1,700,000
The Bank of England reports a gain of £191,000 bullion
greater. What offers the greatest encouragement for the
during the week. This represents -£110,000 received from
future is the fact that there is so much room for a
abroad
and £81,000 from the interior. The Bank of
large
reduction in expenses. While since 1S79 the Eastern lines France
gained 8,753,000 francs gold and 1,920,000 francs
havegained nearly 3g- million,dollars in gross, they have silver. The following indicates the amount of bullion in
creased
their
.
net
over
half
a
million
in
the
inter-
i
CHRONICLE.
THE
491
ivoi. xxxvm.
principal European banks this week, and at the cor-T to-day, with little or nothing to do.
automatic the Canada arrangement is,
responding date last year.
following statement.
April 26, 1883.
April 24, 1884.
How much
the
CANADA
Gold.
Silver.
Gold.
Silver.
£
A
£
£
4
21,186,058
25,327,648
40,126,570 40,088,589 39,990,730 41,834,428
7,438,250 22,314,750 7,815,000 23,445,000
England
Bank of France
Bank of Germany
72,892,468 62,403,339 68,991,838 65,279,428
72.814,199 62,939,171 69.836,613 64.940,505
Total this week
Total
previous week
paid $152,879 through the SubTreasury for domestic bullion during the week, and the
Assistant Treasurer received the following from the Cus¬
The
Assay Office
tom House.
Capital paid
up
Reserve fund
Notes in circulation
Government
be
seen
by the
RETURNS.
3far.,1884.|Fe5.,,1884. Dec., 1883. Dee., 1892.
Liabilities.
RatiV of
BANK
may
more
deposits
deposits
Loans, <fcc., due Can. banks.
Due.foreign agencies
Other
$
61,628,749
17,567,718
30,197,882
7,560,190
97,237,693
2,418,502 l
2,133,623
253,720
All other liabilities
$
61,599,469
17,562,718
29,576,178
9,653,102
96,365,225
2,518,467
1,653,846
305,‘-24
$
61,451,733
17,457,718
33,589,455
Xo
r’port’d
36,501,694
11,197,709
96,609,746
11,801,327
96,879,545
2,451,615
2,669,886
1,5 5,312
1,560,819
378,907
336,235
218,998,077 219,234,629 224,722,195
Total liabilities
$
61,039,657
210,789,19$
Assets.
6,937,105
7,366,541
7,225,553
6.555,761
11,764,808 11,519,922 11,176,840 10,463,843
Other checks and notes
8,542,507
7,977,587 10,595,6 1 10,097,494
Due from foreign agencies.
17,650,839 19,077.395 22,286,069 12,953,307
Loans to Gov’t,individ’ls,<fcc 164,570,886 162,520,298 163,399,275 177,381,075
Over due debts
4,325,632
4,591,051
4,396,300
3,131,554
Securities and ieal estate..
7,227,322
7,356,225
7,232,510
7,511,795
All other assets
1,967,516
2,059,277
1,881,453
2,600,379
Specie
:
Dornion notes
Consisting of—
Duties.
Date.
Gold.
U
19...
14
21...
<1
22...
u
23...
554,186 64
336,572 81
24...
375,789 22
Total...
$2,556,894 23
II
•
Gold
Silver Cer¬
Oerlif.
tificates.
$78,000 £215,00.)
149,000
44,000
$89,000
69,000
304,000
128,000
46,000
238,000
184,000
176,000
170,000
114,000
42,000
230,000
98,000
$75,000 $398,000 1,306,000
$776,0C0
$05,000
$416 287 70
317,863 41
556,194 45
Apr 18...
U. 8.
Notes.
9,000
8,000
12,000
6,000
5,000
115,000
! 223,380,937
Total assets
We
222.073,974 228,193,651 230,675,208
present these figures solely to show the changes
made from time to time in the amount of
circulation
in
Canada.
bank notes in
The reader will remember that
the banks have
SUGGESTIONS FOR A NEW BANK CURRENCY.
!
In another
bank returns
this week the
monthly Canadian
call attention to them
column
published, and we
here, for the purpose of illustrating one feature in which
Canada’s paper-currency machinery seems to work with
greater efficiency than ours. We are aware that accord¬
ing to popular belief, we have nothing to learn in these
particulars from our neighbor. Even the suggestion we
have made, has probably raised in many a reader’s mind
an inquiry as to what
could be safer than our national
bank notes, legal tenders and coin certificates.
We do
not propose to discuss that question.
In fact it may be
at
admitted
the outset, that, in the matter of ultimate
safety or redemption, most likely we have reached as
high a standard as we or any other people ever will.
But there is a feature necessary in a paper currency, if
we would keep it as little disturbing as
possible, which it
would
be
especially
are
well for
as
us
to
become
more
the day is rapi ily drawing
familiar with,
near
when
we
something new for our bank notes. We
property, and the evil its absence was doing
article on the subject on the 15 th of March
must substitute
referred to this
us,
in
an
(page 314) when we stated that the shipment of 10 mil¬
lions of gold had not in the least disturbed our money
market and that
“
before
the
first
“ if
of
10 millions
more
should go out
April the rates of interest would
authority to issue notes to the full extent
unimpaired paid-up capital, that stockholders are
liable in double the amount of the capital, and that the
notes are a first lien on all the assets; furthermore, thpre
can be no jugglery with regard to who are the stockhold¬
ers in case the occasion is reached when personal liability
attaches, for a return of each and all of them is made an¬
nually to Government and published in a Government re¬
port. This would seem to make a very safe currency, but
(mark this) it is one that depends wholly upon the issuing
bank, its assets and stockholders for its ultimate payment,
and consequently with an inclination, or rather a decided
proclivity all the time (and especially in dull seasons)
to return to the emitting bank. That is to say, such notes
cannot be kept out except so far as they are in active em¬
ployment, for they can secure no resting place outside the
vault of the issuer, and this makes them fluctuate jn
amount strictly in obedience to the wants of commerce.
Hence it is, as we see in the above return, that although
the Canadian banks are authorized by law to issue notes
to the full extent of their unimpaired capital, yet even
during the activity of 1882 with a paid-up capital of 61
millions they only had out 36£ millions; and ever since
that date as business activity has declined' the volume of
the notes has also steadily and concurrently declined.
of their
With
us
how different is the
situation.
We have a
paper currency, first of bank notes, second of legal tenders,
and third of coin certificates.
The latter when once
scarcely mark the event.” Instead of 10 millions more, issued can never get back except through the Custom
nearly 20 millions more have now been shipped, and yet House and are increasing monthly, even during these dull
what we call money is still a drug with call loans at only
times; of the two other kinds, legal tenders are unakera.
2 per cent and plenty of money offering on time at 4 to 5
bly fixed in amount and bank notes only change in volume
per cent on best security.
as the changing prices of United
States bonds make the
Of course this condition will be attributed to an accu¬
profit in their issue fluctuate. As to bank notes they
mulation of loanable funds at the commercial centres on
have no tendency whatever towards the issuing bank,* no
account of the inactivity in business, and therefore the
holder thinking of the bank as the payer, the Government,
little use there is for it.
That is certainly a correct ex¬
through the Government bond at Washington, being vir¬
planation. We can keep in active employment in pros¬
tually the guarantor, while as between r the banks these
perous times a much larger amount of currency than we notes are made a
legal ten ler in payment of any debt or
can in dull times; so when it is out of employment, if it
liability. Such a paper currency has no adaptability
is kept afloat, it must accumulate somewhere.
We do whatever to the needs of commerce; it neither increases
not object to the expl ination, but to ttie fact that we have
nor decreases with the
fluctuations in business activity;
a paper currency that is
encumbered with just this defect, once out means always out. As a consequence, our money
11
and does not retire itself when there is
no use
for it.
It is
market bears
the
no
relation to the money
markets of other
product of what are called prosperous times, guaged to commercial nation?. We have been the cheapest in the
serve the purposes of extreme activity, but remains a dis¬
The redemptions at Washington are of no moment, being only about
turbing force in the channels of commerce just the same 5 millions a month, and almost all of that being mutilated currency.
*
j
Afbil
26, 1884.]
THE CHRONICLE.
had more capital or more gold than
we needed, but simply because we had so much idle cur¬
rency (the medium we pay our domestic debts with) that
world, riot because we
market was held away from the influence of gold
currents; and hence it is that we can lose 30 millions of
come
an
495
to hand so late as to be
practically useless excepti'for
inquiry like the present.
1832-3.
"Ae
Gross
earnings
Operating expenses
$
*22,802,247
*15,444,583
"
1881-2.
f
19,975,774
13,088,094
1880-1.
1879-80.
1878-79.
$
20,715,005
13,256,230
*
18,693,109
11,643,925
$
15,942,023
11,174,693
metal with so little apparent effect.
Net earnings
4,707324
7,357,664
7,049,184
0,887,680
7,459,375
870,799
780,655
844,306
783,957
702,037
give us a view of our paper currency, which Miscellaneous income..
Total income
5,409361
8,234,463
8,303,681
7,668,335
7,833,141
We are rapidly reaching a point,
is certainly suggestive.
Payments—
through the payment of United States bonds, when a new Interest
debt
2347,713
4,546,390
4,148,745
4,316,309
9,903,873
system for banks will have to be devised. The thought Rentals & other int., &c. 2,422,582 2,185,324 2,267,518 2,078,647 9,106,543
Total
we wish to present is whether in devising a substitute we
6,96^78
4,153,250
0.410,263
6,501,093
6,042,520
Balance
1,265,485
1310.105
1,887,418
1,166,642
1,790,021
are not too exclusively absorbed with the question of ulti¬
Less—
mate safety, and whether after all a Government bond or Gov¬ Sink f’d
re-org’n, 1st lien
100,000
100,000
incomes....
ernment guarantee is desirable as a basis. Of course, bank Interest
30,480
30,480
30,480
Dividend
pref. stock.
485,028
464,340
488,OSS
notes should be above suspicion, but should not the source
<40,917
551,134
1,392,598
1,790,621
1,310,105
Surplus
of safety be in the bank itself, not in the Government, so
Funded debt
:
75,267.137 70.207,1SS 07,165,000 07,173,745 06378.501
that the tendency or proclivity of the note when it has
D eluding 68 per cent of the earnings and the entire working expenses of
finished its work, or is out of active use, would always be the New York Pennsylvania & Ohio road from May 1.
towards the issuer for redemption. Certainly no legalThe comparison of gross earnings above is vitiated by
tender power should be conferred upon it even as between the inclusion in 1882-3 of the earnings of the New York
banks. Every such feature helps to prevent the free Pennsylvania & Ohio, but the comparison on net earnings
action of the system. What is needed is a currency that may be accepted as substantially correct, and that shows
is self-regulating because a creature of commerce, and that the company has made steady progress in its business,
therefore sensitive to every trade influence; not only ex¬ the total net income ($8,234,463) in the last fiscal year
panding and contracting from year to year with the having been only a trifle below the largest ever made (in
changes in industrial activity but varying in volume with 1880-81.) On the other hand, the yearly balance remaining
the business seasons.
shows a diminution—almost solely, however, by reason of
We have in the above confined our strictures mainly the fact that the charges have greatly increased since
to bank notes, because our national bank note system is 1878-9, though this arose not through additions to the
now in jeopardy and must soon be remodeled.
Of course the road’s indebtedness, but rather very largely because under
defect referred to, is even more obvious in the case of the the reorganization agreement interest on the whole debt
legal tenders and of silver certificates. The truth is, that did not have to be met in full in the early years. Had
any feature or device in a paper currency which tends the charges been as heavy, say in 1879-80 and 1880-1, as
to keep the note in life—that is in a position where it in 1882-3, the balance for the latter year would make a
must be used—when there is no commercial use for it,
very favorable comparison with any other year given.
makes it artificial and disturbing; and no nation can persist But the main inteiest just now is as to the extent of that
in employing such a currency without suffering for it.
balance.
Looking at the figures, we see that on the oper¬
ations of 1882-3 there was an actual surplus of $646,917
above all charges and the 6 per cent dividend on the pre¬
ERIE'S POSITION AND STANDING.
Erie securities, which for some time have evinced a ferred stock, while leaving out the dividend and also inter¬
drooping tendency, this week developed exceptional signs est on the incomes (neither of which is obligatory), as
of weakness, and under large sales the price of the stock well as the $100,000 yearly sinking fund on the reor¬
dropped to 17£, the lowest point reached since the reor. ganization 1st lien bonds (which also is optional in a
ganization of the company, %while the 2d consolidated certain contingency), there remains a balance above
bonds fell to 81£, the lowest figure since 1880.
No par¬ all charges of every description of $1,265,485., Hence it
ticular cause was assigned for the weakness, but it was is clear that the company could suffer a reduction of net
hinted that default would be made in the payment of the income in the sum of over $600,000 before the dividend
June interest on the 2d consols, and it was also insinuated on the preferred stock would be endangered, and over 1^
that the position of the company was by no means a strong millions before interest payments would be involved.
This balance of income
one—that another receivership was far from impossible.
may be reduced in the
In such a state of affairs it becomes exceedingly impor¬ current year either by an increase of charges, or
tant to know just what the road’s real position as respects by a falling off in earnings, or by both.
As to an
increase
in
charges, it is generally supposed that a
charges and income is, and we propose to throw whatever
light we can upon the matter by bringing together all the large allowance for this purpose will have to be
made in the current year.
facts and data in our possession bearing on the question.
This, however, appears to
Reference to the last report shows that the
Two things are needful to determine the value of a be erroneous.
property—the results of the past and the prospect for the collateral trust bonds, just listed on our Exchange, counted
future. As to the future, we profess no special knowl¬ for nearly full interest in 18S2-3, and the total interest
edge, though it is evident that a continuance of the present charge on the entire debt outstanding at the end of the
depression in business must affect railroad property ad¬ year—$75,267,137—was $4,605,393, or only $58,997 more
versely, as it does every other industry. As to the past, than was actually paid during 1882-3. In addition, there
the results, with a little help, will speak for themselves. The is the interest on the equipment trusts to be considered.
Erie was taken out of the hands of the receiver the 1st of The amount of these trusts still outstanding is not given
June, 1878. Five full fiscal years have elapsed since then. in the report, but, as nearly as we can judge, it is not
How the company has fared in this interval is indicated in much less than about $7,000,000. The payments to be
the following table of its yearly operations from 1878-9 to made on these trusts are of two kinds—first for interest,
1882-3 inclusive. The summary will possess the more and secondly quarterly or semi-annual instalments in
interest that no full analysis of the company’s return for reduction of principal.
The payments for interest are4
the last fiscal year has yet been made, the report having of course a direct charge against income, and are inthat
These facts
on
on
on
*
THE CHRONICLE.
496
eluded above under the head of “ rentals and other in¬
xxxviii.
The results to the Erie thus far in the current
fiscal year
are shown in the following table.
The amount so included was only $316,October 1
"j
~]
r*
1881-2, but in 1882-3 increased $147,940,
N. Y. Pennsylvania cG Ohio.
januaVy
January
i.
^February'
to
fijjaI/or
$404,358.
We do not know what additional
-$1,75 1,005'$ 133 (MO $386,7 42
sum
will be required in the present year, but will Drossearnings
57?^“
Operating expenses
1,103,3271 3*3, lTSOj 333,11*1 IJt).
9^1#
assume
that instead of $464,358, as in 1882-3, the
Net carninsrs
$561,27* $50,4<:oj *53 031 ieopm
sum
called for will be $500,000,, which would be an Rental (32 pel* ct. of earning*)!
501,4731 138-,707 123.757;
823/J97
increase of about $36,000.
Loss
to
Erie
I
$105; $SS,30li *70,120 *158^72
Adding this to the augmenta¬
tion of $58,997 in the interest on the funded debt, and
As these results are already comprised in those of
the
we get a total increase in the charges in the present year,
Erie net earnings given above, they are of value
only as
over 1882-3, of about $100,000.
The yearly payments on showing that the lease is proving unprofitable to the
account of the principal of the car trusts appear to be lessee, and possibly
as affording an indication of the extent
to
which
the
E:ie
very heavy.
In 1881-2 the amount was $931,64 9 ; in
may be affected in future months, for it
1882-3 it was $1,365,051, and was met by the sale will be noticed that as much as $158,622 of the
entire
of bonds. It is to be presumed that any payments decrease which the Erie net earnings exhibit for the
five
on
that account in the present year will be met in the months, is to be attributed to the loss in
operating this
same
way, though we have no data as to the amount Pennsylvania & Ohio line.
Still, it may be that subse¬
called for or the kind of bonds that could be disposed of. quent months will make a better showing for the
Erie.
It is not impossible, however, that the call might be met There is one clause .in the lease, however, which
may still
by the re-payment of advances previously made to the further swell the loss, and for which allowance would have
-Chicago & Atlantic, which company was lately placed in to be made separately. We refer to the provision that if
funds by the sale of second mortgage bonds. These advances gross earnings exceed $6,000,000 a year, one-half of the
excess
aggregated $1,254,250 on the 30th of last September.
(not 32 per cent, as on the amount below six mil¬
Having given the increase of $100,000 in the charge lion) must be paid over to the lessor. It is very probable
for interest, the next question relates to the change from that this provision will come into operation this
year, as
1882-83 in the company’s earnings and income.
the
line’s
leased
Here
gross earnings have largely increased
under
the
lease.
The
lease went into effect May 1, and for
again we must let the results speak for themselves.
Nearly seven months of the current fiscal year have the five months to the end of September, the total gross earnAlready passed, but returns as yet cover only five of ingsreached $3,240,699 (according to Pennsylvania & Ohio
these.
The net earnings of these five months are given report), while our figures above show that in the next five
below in comparison with the corresponding figures in months to the end of February they reached $2,574,993, or
the preceding fiscal year.
The figures embrace in the together $5,815,692 for the ten months. If in March and
current year the results on the leased line, the New York April
(the remaining, two months of the year) the
Pennsylvania & Ohio, which of course not having been earnings should prove as heavy as in the corresponding
operated in the previous year, is not included in that year. months of 18S3, the total for the twelve months would
amount to $6,841,925.
As under the system of reporting
Net Earnings.
1882-83.
1883-84.
Inc. or Decr'se.
earnings, only 32 per cent is taken out by tlie Erie, 18 per
October
Inc .$200,039
$843,368
$643,329
cent
additional (the difference between the 50 per cent
November
Dec.
54.128
757,200
703,078
December
Dec. 215,397
441,739
226,342
called for and the 32 per cent taken out) would have to be
January
Dee. *21 s.sol
85,773
304,577
lue.
February
238,221
233,800
4,421
allowed for on the entire excess of $841,925—or say
Total five months
$2,006,782 $2,380,651
Dec.$283,869
$150,000.
Thus there has been a falling otf in net earnmgs in these
As to the Chicago & Atlantic, this
is not leased,
five months of $283,869, which together with the $100,000 but the Erie and the
Pennsylvania & Ohio have guaranteed
increase in charges would give a total loss of somewhat interest^on the 1st
mortgage bonds of $6,500,000 to the
less than $4 00,000.
That represents all the loss that is as full amount of all gross earnings derived on business
yet apparent. What further loss the succeeding seven to or from the road—that is, these two companies agree to
months will disclose we cannot undertake to say, but it is devote all such
earnings to the payment of the interest in
apparent that the company could, on the basis of the oper¬ question, provided the Chicago & Atlantic’s own earnings
ations for 1882-3, lose $250,000 more in this
period and should prove insufficient. The line has been open only a
yet retain a balance large enough to pay the dividend on short time, so it is hardly possible to make any reliable
its preferred stock, and if that dividend should be
passed, estimate as to the success attending its operations. Besides,
it could lose a full half million more before
any of the cou¬ very little information has been furnished on this point.
pons on bonds would be affected. In other words, the loss In addition to the 61 million 1st mortgage bonds,
of $400,000 now apparent would have to be
augmented by millions second mortgage bonds were lately issued, (being
$850,000 before the balance remaining above all charges part of a total of 5 millions authorized). There appears
in 1SS2-3 were completely exhausted—this on the basis of to be no such
guarantee on these as on the lsls, but there is
the operations of its own lines.
no doubt that if the
Chicago & Atlantic should be unable
But there may be some doubt as to the company’s posi¬ to meet the annual
charge on the same, the Erie would be
tion with reference to its guarantee or liability on behalf forced to
step in and take care of it, to protect itself.. But
of leased or connecting roads, so it will be well to devote that
contingency seems rather remote as things now stand.
a few moments to that branch of the
subject. Within the The total of both issues of bonds now outstanding is 9
past few years, the company has assumed obligations, of millions, which at 6 per cent calls for $540,000 a year.
one kind or
another, in connection with the Cincinnati The line is .269 miles long, and in the application to the
Hamilton & Dayton acquisition, the Cnicago
& Atlantic Stock Exchange to have the second mortgage bonds listed,
line to Chicago, and the New York
Pennsylvania & Ohio under date January 25, Mr. Jewett stated that the road
lease.
Taking the latter first, this is leased to the Erie at was then earning $135,000 a month, and he estimated
32 per cent of gross
earnings up to $6,000,000 (the rental that in the present spring, with the road fully open,
in no year, however, to be less than
$1,757,055) and 50 double that amount would be realized. If we assume
per cent of any excess above $6,000,000, up to $7,200,000. that the total will reach only $150,000 a month, and that
terest,
418
in
&c.”
i
.
J^bjl 26,
per cent
as
the Hamilton & Dayton
since
percent
has been able to make 3
semi-annual dividends itself.
'
.
Coal property remains to be alluded to.
comprises 66 miles of railroad and 28,000 acres of
land in the Slate of Pennsylvania, which the Erie
The Ill ossburg
This
coal
million dollars. Mr. Jewett
in his report says that'in the calendar year 1SS2 the
operations of the property resulted in a net profit of
$350,000, or over 17 per cent on the capital invested, but
that this sum was applied to the extinguishment of cer¬
tain liabilities on the property and in the acquisition of
bought two years ago for two
making of improvements. It
possible that this may yield more or less direct
additional facilities and the
is of
course
income in the
act to
present fiscal year, in which event it would
as an offset Jo the payment required of
that extent
Pennsylvania & Ohio lease on any excess
earnings above $6,000,000, beyond the 32 per cent
actually taken out in the monthly exhibits, to which we
the Erie
on
the
of
have referred.
497
CHRONICLE.
of this, net for the year
will aggregate $630,000, or nearly $100,000 more than
amount required for interest. *
Coming now to the Cincinnati Hamilton & Dayton, the
Erie acquired a controlling interest in this road by the
purchase of 2 millions of its stock, and in payment gave
the holders of the same beneficial certificates to amount of
$1,500,000, on which it agreed to make good any failure
of the Cincinnati company to pay 6 per cent per annum—
that is, these holders, and only these, were given a
guarantee of a 6 per cent regular dividend each year. If
the Cincinnati company paid six, that of course relieved
the Erie from paying anything, but if it paid less or paid
nothiner, then the Erie was compelled to meet the differ¬
ed itself.
The extreme liability assumed under this
arrangement, it will be seen, is $90,000
ear, and, as
on
the
actually
borne,
bearing
burden
it is only necessary
to say that the holders of the beneficiary certificates have
yet had no occasion to remind the Erie of its guarantee,
^nses^will absorb 65
"
THE
1884 ]
what
can
be
learned, it does not bid fair to be
The situation of the
successful.
cotton-weaving industry and the dry"
goods trade of the country is well worthy of close study at
the present time.
Its peculiarity is a dull and a sluggish
market, at low prices for the finished product, in the face
of a firm and high market for the raw material.
In this
respect the situation is not unlike that in the shoe trade,
leather having advanced considerably, while boots and
shoes, though nominally somewhat higher than they were
weak at the small advance.
looking to the future of either of these trades how¬
ever, a very important fact must be borne in mind, name¬
ly, that there is a fair profit in making goods at present
prices, where factories are well-situated and well-managed,
at the old prices of cotton and leather ; and that a large
proportion of the shrewder manufacturers, have provided
a
year ago, are very
In
themselves with
several months’ supply of
-material, at
Aside, therefore, from the ordinary
difficulties in the way of securing agreement to a curtail¬
ment of production, the committee of the Arkwright Club
will encounter the objections .of certain manufacturers who
are making money by running full time, and who will not
be disposed to yield any of the advantage which they pos¬
sess over competitors who were not so far-sighted—or so
lucky—as they were. Moreover, while there are no trust¬
worthy statistics to prove the exact fact as to the surplus
stock of domestic cottons on hand, there is reason to believe
that the surplus is not so large as reported. It seems to be
very excessive because certain manufacturers are, without
doubt, carrying unusually large stocks ; but it is known
for a fact that other stocks are not large,—in some cases
they are unusually small. With regard to productive
capacity it is not believed that there is any great excess of
spindles in the country. Tiie population has increased
eight or ten per cent at least since 1880, and the spindles,
which were none too many then, have not increased in a
very much greater proportion.
Of course it is to be said
that those were “ good times,” while these are “bad
those
times
old
prices.
but the
answer
is that cotton fabrics are so far a
Altogether, it may be said that whatever unfavorable necessity, whether men are prosperous in business or not,
developments may attach to the Erie property, appear to that the rate of consumption seldom varies three per cent
between the best and the dullest seasons.
relate altogether to the future, and though the road by
These are reasons for believing that there will be no
reason of its heavy tonnage of coal seems likely to suffer
general stoppage of mills, even for one day in the week
in a double way from the existing depression in business, of six
days, but these general considerations are not all
it must not be forgotten that having lines of its own all the circumstances that will determine the action of agents
Without attempting to predict what the
the way to Chicago and Cincinnati, and many important and treasurers.
course
of manufacturers will be, we will point out some
intermediate points, and possessing numerous local feed¬
things that must be taken into the account. There is little
ers, its position for commanding traffic is a very strong
expectation anywhere that the price of cotton will yield
one.
This fact might make it an obj 3Ct for one of the much, if at all, before the new crop becomes available—
powerful Western or Southwestern combinations to secure certainly not until a large crop is reasonably sure. Inas¬
its control, which, now that the stock has full voting power, much as there is no profit whatever in making goods at
wages and prices, it is for the interest of manu¬
is possible.
Such an achievement would be easy, too, in a -present
facturers to do what they can to bring about an advance
period of depressed values (at 18 for the common, 7f mil- I in goods, or a reduction of wages, or both. For either
lion dollars would suffice to buy control of the 85 millions j of these
objects, shutting down a part of the mills for one
stockoutstanding), indeed, it is not unlikely that should j short-time day in the week would be altogether ineffectual.
such a scheme be on foot, the movers in it would seek to J A suspension of operations for one-fourth, or one-third of
the time, if it could be effected, might be successful.
Cer¬
accomplish their purpose under the very cover of a weak- | tain
questions of prudence also enter into the case. That
ness in price
which they would do all in their power to j goods cannot be lower while the present rates for cotton
foster. In any event, that is a contingency that should hold, every manufacturer believes ; he hopes that they
&ot be lost
sight of, and we mention it not as indicating may follow the raw materials market. But if he is pro¬
vided with cottcn for only one-half or two-thirds of the
any knowledge on our part of such endeavors, but merely
time until the new crop is available, he is not justified, so
as
suggesting one of the possibilities that might grow out he thinks, in running full time with the certainty that if
of the present low quotations for Erie.
the price of cloth does not advance, he must either stop
his mill altogether or run it at a loss’ It is better for him to
make his supply of cotton last as long as he can. Not only
SHORT TIME IN THE COTTON MILLS.
An effort is making to secure an agreement of agents is this the prudent course, but it will have a tendency both
to diminish whatever surplus of goods there may be, and
representing three-fourths of the cotton-spindles of New to slacken the demand for cotton, thus bringing the two
England, to curtail production by stopping their mills one prices into more nearly normal relations to each other. More¬
in the week during two months.
No report has yet over, the feasibility of short time may dispose the mill-hands
been made of the result of this effort, but, judging from to prefer a small reduction of wages to partial stoppage.
498
THE CHRONICLE.
It appears
probable, then, that while a three-fourths
agreement to an inadequate shortening of time will not
be obtained, there must be a considerable curtailment of
production by the independent action of manufacturers,
[Vou xrxvni.
The present situation suggests,
among other
that somewhere between the seller of cotton
of
dry goods there is a weak spot in the trade
dealing with an article the consumption of which
nearly uniform in amount per head of the papula.
consumer
We
are
things
and tfia
for different reasons and with different objects in view.
is very
This is, of course, on the supposition that the goods market j| tion,
year in and year out.
There has been an advance
is not soon to respond really, as well as
nominally, to the in the raw material, owing to a short supply.Every man
advance in cotton.
At present, as has been said, the
in the trade would reason that there will be an
advance
stocks are mainly in the hands of the manufacturers and
in the finished product, because the
goods must be had
commission merchants, who display no anxiety to sell
and manufacturers will not make them at a
loss. Yet
freely at present prices. S jme of them, at any rate, are
that the custom of the trade by which an
order may be countermanded on a declining market, but
enforced when prices are advancing, has left the stocks
where they are.
A further decline is looked upon as
most improbable, an
advance in the near future as
almost certain.
Controlling, as they do practically,
the whole supply of goods, they are
certain to make a
good profit if the market turns as they say they believe
it must, and the more
conservatively they act at this timi
not at all sorry
4123765—DSLOGuoahcvdesirnmt
the better is the chance that the market will advance.
inst3ad of more than an average demand
of the chance of an advance, there is a
Time
by jobbers, in view
slackening demand.
will
show whether the lack of
courage which this
of the trade.betokens was justified.
It will
course
show
too, whether the manufacturers, who say they believe in
an advance in the cloth
market, but who act as if it were
to remain sluggish, are prudent
or only timid.
In any
event, the entire traders in a more perturbed state than
many of the manufacturers and merchants are willing to
admit, and more so than a calm consideration of the
situation and prospects seems to warrant.
RETURNS OF TEE BANKS OF THE DOMINION OF CANADA FOR MARCH
31, 1884.
LI ABILITIES.
ASSETS.
NAME OF BANK.
Capit'l
Paid
1.
Ontario.
$
Notes
in Cir-
Fund.
culat'n
Up.
Os omitted.
Bank of Toronto.
lies'rve
i>#
Vue
For'gn 5
Can'da
Depos¬ Deposits.
\
Agent's ^
its.
Banks.
.,
,
.
5
Do¬
minion
8.
9.
$
$
4,394
1 1,505
4,997
3,709
2,025
5.781
3,086
1,700
1,304
$
$
$
$
219
850
1,125
2,737
1,354
335
1.436
163
,03
140
595
139
188
227
1
117
482
16.
17.
$
t
$
*
*
*
330
68
741
2,192
167
3,702 j
12,540
6,538
3,839
3,049
‘
Estate.
363
414
704
243
444
620
195
99
133
153
25
446
695
542
204
293
310
377
193
119
110
126
69
,
7,598
17,179
6,933
5,760
3,259
10,601
5,117
3,343
2,518
298
103
5
1,113
21
22
001
4
34
312
1
25
56
16
2 953
1,500
1,360
286
Imperial Bk. of Can
1,500
650
1,001
295
Bank of Hamilton..
Bank of Ottawa
984
200
784
997
110
580
82
131
136
189
222
5
110
209
1
554
15
20
50
13
451
133
50
86
94
1
364
2
15
36
17
298
78,777
2,540
3,653
3,525
3,809
63,057
1,129
44,850
11,894
2,003
4,205
1,189
560
198
S.074
3,286
28,6 30
315
8
3.633
23
1S2
242
11
7,006
2,996
2
1,804
1,252
1,554
15
30
94
14
832
Bk.of Lond’n in Can
Total Ontario
18,592
...
24
•
18
190
6
10
137
2
38
6,800 11,168
1,359
38,804
1,036
1,010
5,750
5,396
3,927
19
829
7
19
19
Nil.
251
104
17,189
5,203
1,665
569
890
50
8
18.
«
413
Federal Bank
470
Total
Amts.
Assets.
*
424
*
Real
15.
1,008
j
Debts.
Other
14.
823
7,405
All
tks <i
due
13.
251
60
202
.
Securi
12.
|
103
Over¬
11.
8,834 i
22,960
8,992
....
Gov'm't.
-from
and
For'gn IndividNotes. .4 gene's als, &c.
Notes.
j 10.
1 $
Loans to
Luc
checks
|
V•
27
Specie.
ties.
(i.
1,500
....
2
.
Other
Total
Liabili¬
5.
Ontario Back
Standard Bank.
,
4.
$
1,900
,,
,
Dominion Bank....
Can. Bk. of Com’rce
,
„
2,000
«,000
1,500
..
S?
!
Ac.,due\
Other
ment
•
3.
$
1,060
Govern¬
69
189
158
226
15
60
122
20
49
38
9,107
23.490
9,208
7,609
3,766
12 740
•
•
•
•
1
6,686
3,969
3,143
.
7
wv?
1
969
2,850
90
80,713
309
529
879
45348
60
243
207
97
35
234
410
191
Quebec.
Bank of Montreal... 12,000
Bk. of Brit. No. Am.
4,867
Banque du Peuple..
1,600
Ban.Jacques-Carti it
Banque Vil e Marie.
Banque dTPchelaga
•Exch’ge Bk.of Can
500
140
211
271
628
464
20
317
65
380
703
50
338
46
386
6
i
15
16
52
1
705
43
121
316
28
38
53
22
1,219
110
88
18
86
4,764
91
231
61
9,337
362
314
357
03
S.026
107
264
5
7.819
246
348
8
18,918
461
791
612
1,165
15.442
395
635
S4
679
31
114
6
4,489
110
235
138
51
335
29
66
2
13
01
230
255
74
610
319
14
29
7.395
5,037
68
123
496
59
3,505
6.103
3,610
191
640
1,608
3,849
51
325
219
440
55
634
7
9
46
31
475
63
19
5
606
1.008
16
32
29
12
856
69
18
203
16)
4,046
189
189
21
1,032
5,010
3,964113,055
83,431
2,806
3,757
584
450
1,944
226
10
171
81
196
Banque de St Jeans
Ban.de St.Hy’c nthe
East. Townships Bk
.
■*
262
35
174
1
536
1,449
*350
754
217
2,115
23
9,250 1 5.346
5,529
4S.342
1,110
36,293
••••••!
746
3
4,911
110
90
100
116,710
3.624
6,805
.
9,528
19,586
4,644
7,696
5,070
1,052 119,144
*
*
■
1,115
470
993
156
Merch’s Bk.,Halifax
1,000
200
767
110
Peoples Bk.,Halifax
Union Bk„ Halifax.
Halifax Bank’g Co..
600
70
183
590
80
500
50
Bank of Yarmouth
Exch.Bk of Y’rm'th
Pictofu Bank
Com’cial Bk.Winds’r
Total Nova «cotia
4,858
.
r
3,267
1,841
46
10
516
3
120
18
568
5
19
32
1,342
370
40
782
2
9
50
19
259
1
1
*
1
6,280
3,965
1,389
331
346
193
66
153
305
239
183
20
92
41
18
26
229
1,803
30
56
827
28
415
16
1,254
39
640
19
17,915
654
"
352
62
42
70
6
74
4,790
3.067
1,087
159
29
36
41
54
877
29
125
8
67
30
1,540
62
2
1
27
58
40
628
3
20
8{
14
7
8
au
20
23
843
499
35
44
80
11
1,270
2
1.048
509,
13
6
50
2
002
884
513
13,959,
427
047
*
38S
20
85
245
30
50
250
70
161
260
78
71
1,068
2,800
412
S8
295
1
77
11
3
590
118
31
179
15
8.115
220
-
New Brunswick.
B’kof N. Brunswick
1,000
400
429
117
1,461
Maritime Bk. of Can
686
Nil.
290
117
384
200
50
165
26
132
...
.
2
t
62
87
355
915
6,905
4,065
1,490
1,980
1,820
151
18,1»
3.549
1,907
:
52
,
22
.
.
59
3.459
80
315
95
119
2,735
148
41
16
1,558
13
77
25
13
955
18
47
59
572
26
63
14
|
.
•
St Stephen’s Bank.
Total N. Brunsw’k
444
6
227
30
Grand total
...
3,398
2,000
..
...
.
1,604
Union Bank
+ People’s Bank
.
.
500
Banque Nationile..
Quebec Bank
Nova S:otia.
Bank of Nova Scotia
.
3,743
1,820
1,266
1,671
1,150
2,000
5,722
2,000
2,500
..
25
11.668
.....
Merchants’ Bank....
Quebec
2
C
Molson’s Bunk
Total
5
*
450
884
260
1,977
52
22
6 1.629J | 7,568 30.198
7.560
97,238
2.418
2.133
1,886
14l{tii'ii*
I
a ii
pii.noui' Jiwt
iiKtivv
59
5,590
|
254 21 8.1*98 l
119
.
•
•
.49
392
6.1)37 11.765
169
,
52
184
j
j
334'
4.074 j
8.542 17.6511 164.571
229
102
4.591
7.356
088
•
75
5,844
1,908 323,881
irytillilcl*
Deposits—Includes, $3,455,022 Dominion Government deposit, payable on demand; $290,000 Dominion Government de¬
posits, pavalde after notice or on a fixed day; $>20,813 deposits, held as security for execution of Dominion Government contract*
and for insurance companies; $G2-»,258 Provincial Government
deposits, payable on demand; $2,663,097 Provincial.Government
deposits, payable after notice or o i a fixed day.
•
Deposits—Includes $1 <,131,272 other deposits, payable ondeaiaud; $31,194,421 other deposits,
payable after notice or on ft fixed
day.
6— Loans, Ac.—Incudes $1,149,041 loans from or deposits made
by other banks iu Canada, unsecured; $1,263,461 due to other blinks in Canada.
Foreign Agencies -Includes $152,491 due to agencies of bank, or to other banks or agencies in
foreign countries; $1,981,132 due t#
agencies of bank, or to other banks or agencies in United Kingdom.
Checks and Notes—Includes $ *,**1 VeN notes of and cheeks oa other
banks; $2,731,439 balance due from other banks iu Canada.
from Foreign Agencies—Includes $14,920,195 balance due from
agencies of tlie bank or from other banks or
countries; $2,73 ),644 balance duo from agencies of the bank or from other banks or agencies in the United Kingdom.agencies in foreign
to Government. Individual, dec.—Includes $ {,604.931 loans to
the G iverument of the Dominion ; $1,773,^80 loans to Provincial Gov¬
ernments; $12,119,534 loans, &c., secured by municip il. Canadian or foreign bonds; $1,49
{,786 Ioms, dec*., o:i curreut account to
municipalities; $13,614,830 loans, & i., on current accounts to other corporations; $212.911 loans to or
mads in other banks,
secured; $ 408,136 loans to or deposits male in other banks, unsecured; $13 1,3 42,839 other current loans,deposits
discounts and advances to the
public.
-
Debts—lucludes $ .’,001,607 notes, Ac , overdue and not
specially secured; $138,76 4 other overdue debts not specially secured ;
$2,393,630 overdue debts, secured.
and Real Estate—Includes $907,049 Dominion Government debentures or
stock; $1,368,926 pubHo securities other than Cftt^
adiiti; $1,16L6 '2 real estate (other than the bank premises); $8)5,495
mortgages on real estate sold by the bank; $1,106,124 bank
promises.
Ajim. 26.
499
THE CHRONICLE.
1884.]
-*>
f^atietarvjl ©crmraerctad gtiglish Hems
g^TES OF
for itsnnuit* hu
c§
■8
London
EXCHANGE AT LONDON AND ON LONDON
(3
AT LATEST DATES.
EXCHANGE ON LON BOX.
LONDON-Apr. 10.
“
2l!
3
23
3
“
Time.
On-
^nifltsrdara
Amsterdam.
Hamburg..
Berlin-..-.
Latest
Date.
Rate.
@12*21-2
12334 312-4U
L2 1if>
Short.
3 mos.
4*
@20*67
20*62
20 62
20-62
Apr.
a
@20-66
@20-66
ii
ii
Shanghai
Short.
< i
10
10
-
ii
10
10
1<‘
10 3
10
10 3
ii
ii
ii
mos.
ii
mos.
10 3 mos.
9
ii
11
11 Cables.
11
11
ii
ii
U
11
Apr. 11
....
....
.....
a
...
10 Short.
lApr. 10
Apr.
Apr.
Frankfort..
12-271e@12-32^i Apr.
Vienna
a
25*42 * @ 25*4 7 * Apr.
Antwerp...
a
25-3 33] @25*3 334 Apr.
Paris
@25-25
Apr.
Cheeks 2520
Paris...
Apr.
2378®23l»J(,
8t.Petersb’g 3 mos.
ii
2 5 -43 ^ @25*48
Genoa
U
A ft.
461a@46l4
Madrid
ii
461s@4614
Cadiz
52
@5 Us
Apr.
Lisbon
Apr.
Alexandria..
Apr.
Constant.’ple
Apr.
New York... Ondem 48l3jg @ 193^q
Is. 7b>t.
Apr.
Bombay.... GO days
Is. 7d.9 6
Apr.
Calcutta..
Apr.
Hong Kong..
ii
Time.
4
mos.
4 *
Rate.
1206*3
“
4'
Apr.
**
3
Four
Six
Three
Three
Months Months Months Months
24®
2m
20-45
12-13
25-23
25- JObj
25 2 214
2113
47*10
967s
109*93
4-9014
Is. 7%!.
IS. 725.12d.
3s. Sd.
5s. 0*d.
London, Saturday, April 12, 1884.
quiet week,
holidays are approached.
Easter
quietness is very
on
the
is usually the case as the
At the present time the
as
pronounced, as so little disposition is shown
part of the general public to make investments. The
extreme
inactivity
on
—
-
-
Four
J
At 7 to 14
Stock
Banks. Call. Days,
Six
^Months Months
|S%®4%
@3*'3*®
|3
-j2*@2*
8* 2%-8
2
254-2*
2
2*-2*
2
2*-2*
9*
2m - 3m -3*33% 3*®4
2*®2* 2%®3
@3 % 3
4
2m - 2m - 2%®9 !2%®3M 3 @4
2 -m - 2*®2*2*@3
3 @4
2 @ - 2%®
2%@2% 2%@3*
2*®2* 2‘4®2 i\2*®2%l2%®2% 2%@3*
2
2
|2H®3M
2
1*
1H-1*
1*
1)4 l*-l*
showing the present position of the
England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair 2d quality,
and the Clearing House return for the past week, compared
with previous years :
Annexed is
a
statement
Bank of
1881.
1883.
1882.
£
£
£
53
From our owu correspondent. ]
This has been a very
~
I
......
20-1512
20-4415
reserve
to liabilities
Bank rate
Consols
Eug. wheat,
av,
price
25.949,889
21,493,935 23,420 315
26 226,075
37
3 p. C.
1025s
37s. 7.1.
42s. Od.
The B ulk rate of discount and open
423s
as
435s
3 p. o.
'
1003i
1013*
44s. 44.
455d.
6d.
66a L
lOd
10;hd.
81,230.000 144,150.000
market rates at the
and for the previous
now
15,739.837
20.662,272
14,518,395
3 p. c.
1025s
three weeks
follows:
the Stock Exchange lias had, therefore,
depressing effect; but, at the same time, a moderate degree
of steadiness prevails.
The weather is very favorable, and it
will be a great disappointment if the railway companies do
not add considerably to their traffic receipts during the present
holiday season. The very satisfactory crop reports and the
continued lowness of the value of many necessaries do not
6,182,438
Mid. Upland cotton ..
5*q,id.
(Usd.
9;hd.
Vo. 40 mule twist
97« 1.
Cl lai-mg-Housc rot’n. 134,501,000 107,018,000
have been
'£
26,707,180
7.051,746
23,707,388 .24,418,890
11,317,230 13,382,907
22.902 132 22.049,270
11,497,838 13,0 45,215
45 70
2ha p. c.
chief Continental cities
1881.
26,125,070
25,751,100
7,183,2 tO
Circulation
25,70.9,030
Public deposits
7,601,8 iO
Other deposits
25,117.293
Go vernm’t securities. 12,436.202
Other securities
23,069.708
Res’veof notes & coin 15,086,618
Coin and bullion in
both departments.. 25,0-15,648
Proportion of
1
THar 't. TV***
Joint
2* 2 ®
24 2m
1'
Trade Bills.
x» iii/c runs.
7' 3* 3*®
14' 3 2m
Mar.
B AT
Interest allowed
Open market rates.
CJ
A pr.
A pr.
10.
Mch.
3.
Mch. 20.
27.
a
have the influence upon
the general trade of the country
ordinarily looked forward to, though it is satisfactory
to observe that there is no retrograde movement.
Some fail¬
which is
ures
importance have been announced during the week, and
of
they naturally operate as drawbacks to an improvement in gen¬
eral business.
It may, nevertheless, be asserted that the unfat
vorable
jposition of affairs which has been so long in existence,
of rectification, and that, although it has
has been in process
i
been tedious, a more
hopeful feeling with regard to the future
prevails!.
few years ago concocted a plan by
which dew undertakings should secure a large number of con¬
tributors. They resolved upon making issues in £1 shares, so
that any thrifty person with small means would be able to
8ecure aj small share in a public company.
That Napoleonic
idea has undoubtedly met with substantial success, but the
failure of so many enterprises has been so widely adver¬
Company promoters
tized
byjthe
process
been regarded with
a
adopted, that the Stock Exchange has pot
confidence throughout the country.
For somie weeks, and, indeed, months, past, the operations of
the
any
pubjic on the Stock Exchange have been upon the most
restricted scale, and there is no reason for believing in any
Interest at
Bank
Open
Bank
Open
Baiik
Open
Bank
Open
Bate.
Market
Ihite.
Market
Bate.
Market
Bate.
Market
3
2.*
3
2%
3
2*
4
3
4
3
4
3
3
—
Paris
3
Berlin..
4
Amsterdam
3*
2H
2*
2%
2*
3J4
3*
3*
3*
Brussels
3
2%
3
2*
8
27*
8
8*
2%
3*
2%
Madrid
5
5
5
5
5
5
5
5
Vienna
4
3*
4
8*
4
3*
4
3*
St. Petersburg..
6
6
6
6
6
«
6
0
Frankfort
Hamburg
—
—
3
—
3
—
In reference to the state of the
past week Messrs. Pixley &
—
—
3*
—
bullion market during the
Abell remark:
Gold continues to arrive in large
the absence of demand for export, is
-
2%
3*
4
quantities from New York, and, in
nearly all bought by the Bank of
England, which lias received since the 3d inst. £368,000; £10,000
in.
sovereigns have been withdrawn for South America. The arrivals com¬
prise £ 141,520 from New York and £11,500 from Bueuoa Ayres. The
Brindisi takes £10,000 to Bombay.
Silver.—Since last week the arrivals have been large, and in order to
effect sales the price was lowered to 50had., at which rate £39,600 from
the River Plate and £28,000 from Chili were sold. The market is now
cleared, aud we give 50 91(.d. as the nearest quotation to-day. The P. &
O. steamer takes £212,700 to India.
Mexican Dollars—There arc no fresh arrivals to report, and the near¬
est
price to quote is 49*VL
The
quotations for bullion are reported as follows:
Price of Gold.
Apr. 10.
d.
8.
gold, fine—oz.
gold, contain’g
77
20 dwts. silver..oz.
77
Bar
Bar
Span, doubloons.oz.
S.Am.doubloons.oz.
0. S. gold coln...oz.
9
Apr.
•
Apr. 10
3.
*.
d.
77
9
Price of Silver.
d.
Bar silver. flne..oz.
Apr.
8.
d.
50 9-18
50 11-10
50 15-16
51 116
54*
49*
54*
49*
Bar silver,contain-
10*
9*
73
8*
76 3*
73
IngSgrs. goId..oz.
77 10*
73
9*
Cake silver
73
8*
Mexican dols...oz.
76
3*
Chilian dols
...oz.
oz.
Ger. gold coin...oz.
Tenders were received by the Crown Agents for the Colo¬
immediate improvement. Speculators, therefore, are getting nies for the Natal 5 per cent loan, and they numbered 1,381
impatient, as they cannot sustain themselves under so heavy for a total value of £6,059,900. Tne average price realized was
a
strain.; As a result, it is stated that many stock brokers and £100 19s. 6d. Tenders above £100 16s. received allotments in
dealers have been compelled to withdraw their authorized full, and those at that price about 75 per cent.
The failure is announced of Messrs. A. M. Gillespie, West
clerks from the Stock Exchange. This is a course which is
adopted with reluctance, as much that is adverse is indicated India merchants of London. The liabilities are estimated a$
£200,000. The decline in the value of produce has been the
by it.
Money was want’d early in the week, and the rates, both for cause of the suspension.
The depression existing in the wheat trade in the United
discount and for loans, were regarded as firm, though they
States
has had its effect here, and considerable difficulty has
were low.
The Bank of England return shows chiefly the
payment of the dividends, and some of the- holiday require, been experienced in selling wheat, even at a further reduction
ments, but the proportion of reserve to liabilities has risen in price of fully Is. per quarter. Throughout the country a very
from 44*44 per cent to 45*76 per cent. To-day the demand has dull feeling has prevailed, and millers are still unwilling, owing
been sluggish, and the announcement that further considera" to abundant supplies and favorable crop prospects, to buy in
ble supplies of
gold are leaving the United States has caused excess of their actual requirements. The statistical position,
although a little more favorable to holders than it was at the
quotations to give way.
The following are the quotations for money and the interest commencement of the year, lias not so materially changed
allowed by the discount houses to-day and same day of the as to affect the trade, and business, therefore, proceeds very
previous five weeks:
slowly at drooping prices. The supplies existing are so very
THE CHRONICLE.
500
considerable, and the season is so far advanced, that buyers are
unwilling to augment their stocks, which are still main¬
still
tained at
a
Of flour,
full working point.
we
have
very
large
Got. xxxvm.
SALES.
1882-83.
1881-82
1,612,187
1,399,400
1,565,590
191,956
jS
1,625,581
438,311
7,012,692
984,275
57,352
3,013,307
2,349,035
71,397
30,333, iol
35,308,231
31,916,533
1383-84.
Wheat
qrs.
Barley
1,955.5 54
2,950,377
1,385,815
411,033
2,161,147
Oats
146,869
supplies, the quantity of foreign manufacture in London being
AVERAGE PRICES.
as much as 332,802 bags'and 1,797 barrels, against 339,713 sacks,
1883-84.
1852-83.
1881-82.
1880-81.
s.
d.
s.
d.
s.
d.
and 3,523 barrels on January 1 last, and 11,222 barrels and
*. d.
Wheat
per qr. 39
4
41 4
46 5
42 7
330,314 bags at this period last year. The stock of foreign Barley
32 6
33 10
32 11
33 1
Oats
19 9
21
20 11
1
24 5
wheat in the London granaries, which was 993,424 quarters at
the commencement of the present year, is now 641,393 quarters,
Converting quarters of wheat into hundred-weights, the
total
sales in the whole kingdom are estimated as follows:
showing a considerable diminution; but at this date in 1883 it
1883-84.
1882-83.
1831-82.
1830-81
was only 187,306 quarters.
The present stock is much above Wheat
cwt.28,249,890
27,944,609
24,256,509
20,581,100
the average, and as the milling trade can calculate upon large
This aggregate is arrived at by multiplying the sales in the 187
mar Rets above by 3>^, and that result is reduced to cwt. by
multiplying it
prospective supplies, only bad weather for the growing crops by 4% This proportion
between the 187 markets and the totals for the
can effect a change.
There is no feature at present encour¬ kingdom is adopted by the Loudon grain trade aud is accepted by it as
producing a result approximately correct.
aging to producers, except it " be that there is some degree of
The following return shows the extent of the imports of
certainty with regard to this season’s production in the world.
wheat
and flour into the United Kingdom during the first
Most European countries at present have reason to expect that
their wheat crop will be quite an average one, while from India seven months of.the season, viz., from September to March»
and Egypt we shall soon be receiving supplies which it will be inclusive, compared with previous seasons:
Wheat.
found to be difficult to absorb.
Russian ports, also, will soon
1882-3.
1881-2.
1883-4.
1880-1,
be re-opened to navigation, and there are large supplies avail¬
Ctrl.
Cwt.
Cwt.
From—
Cwl.
4,271,152
4.336,674
5,776,362
932,179
able for exportation ; but it is quite possible that the export Russia
United States
21,697,119
18,122,186 21.650,745
12.780,4 90
l ,597,825
Brit. N. America...
608,719
1,719,794
movement will be kept in check by the low prices current.
2,043,876
1,924.913
649,2'5
1,070,819
287,151
Germany
4.789
During the first seven months of the season the imports of France
4,904
11,197
2,922
676,176
611,021
885,010
627,252
wheat into the United Kingdom were about 30,000,000 cwt., Chili
170,985
431,757
880,359
284,356
Turkey & Iloumania
608,051
307,156
218,998
054,265
against 36,400,000 cwt. in the corresponding period of last
Those from Russia show
season.
an
increase of 1,500,000cwt.,
India, 3,260,000 cwt., from Australasia, 568,000
cwd., and from Egypt, about 390,000 cwt. On the other hand
from British
diminution of nearly 9,000,000 cwt. in the receipts
from the United States, of 789,000 in those from British North
there is
Australasia.
Other countries
months from the United States exhibit
30,397,665
Total
Flour.
a
reduction this
From —
Genuanv and Austrian territories...
France
United States
Brit. N. America
1883-1.
ClL't:
1982-3.
Cwt.
1,402,147
1,299,816
90,514
101.121
compared with its predecessor of nearly 1,500,000 cwt.;
but there is
an
Other countries
increase of about 200,000 cwt. in those from
18S0-1. '
Cwt.
Cwt.
6r 5,023
180,756
5,192,585
272,810
192,2 49
834,273
1,830,508
1,118,0*5
1,267,956
‘8,183,774
10,447,763
0,030,423
7,621,849
5,494,000
.....
Total
1881-2.
973,561
146,674
3,653,991
164,117
...
season
656,701
a
America, of 1,320,000 cwt. in those from Germany and of
241,000 cwt. in those from Chili. The imports of flour in the
seven
3,617,545
6,881,712
1,524,771
£91,866
British India
-
6,974,066
31«b5 / 5
Germany and the Austrian Territories. .
Annexed is a return showing the estimated value of the
The value of the imports of cereals into the United Kingdom
imports of cereal produce into the Unite 1 Kingdom during
for the current season shows a reduction of nearly £'6,000,000,
the first seven months of the season, viz., from September to
compared with 1882-3.
March, inclusive, compared with previous seasons:
The following were the stocks of 'cereal produce in London
1880-1.
1881-2.
1882-3.
1833-4.
£20,023,251
£16.832,943
Wheat
£18.381,056
£14.345,232
on April 1, compared with the same date last year and with
3,401,171
4,031,740
0,535,338
Barley
3,693.449.
the lirst of January last:
2,799,04 4
1,918,907
1,781,451
Oats.
2,250,57.)
April 1, 1884.
Jan. 1, 1SS4.
April 1, 1883.
993,424
105,413
Malt
641,393
47,201
5.S29
4,316
28.399
8,336
£)at-?
302,665
412,039
411,184
40
58
20,685
7,919
55,805
1,711
6,315
7,509
28,o54
Wheat (qrs.)
Barley
.....
Tiye
Beans
Peas
13,167
India corn
Tares
Linseed
03,277
Rapesoed
Seeds
Flour (bbis.)
Do sacks
1*7,306
14,946
50,719
2.105
37.892
9,347
14,505
1,797
332,802
24,546
19,115
14.685
11.905
11,222
3,523
cc “2 2j
cereal
weeks
IMFORTS.
1882-33.
1381-82.
Wheat
1983-81.
cwt. 32.CGl.59e
39.857,391
37.123.71S
Barley
10,8'52,95S
7,274,953
1,099,-91
1,578,198
11,307,430
8,909,433
8,521.014
Oats
Peas
Beans
Indian
Flour
10,904,703
5,453,218
1,059,525
1,022,997
12,954,840
5,341,210
5,935,509
1,145,472
1,459,039
19,088,077
8,133,302
19,159,719
corn
SUrrLIES
9,251,833
9,018,924
1,343,476
1,591,273
11,098,449
138/)-31.
34,853,995
AVAILABLE FOR HOME CONSUMPTION—THIRTY-TWO
1831-82.
1830-81.
Imports of wheat, cwt.32,991,549
39.857,36 4
10,904,705
37,423,713
5,351,210
34,858,965
Imports of flour
9,254,883
Bales of home-grown
produce
28,249,890
27,944,000
24,256,500
20,581,100
70,136,399
78,706,669
67,031,428
G3,573,457
Total
Av’ge price of English
wheat
rheat for season.qrs.
39s. 4d.
season.nrs.
Visible supply of wheat
In the U. 8
bush.23,600,000
41s. 4d.
46s. 5d.
24,000,000
1G,119,000
8,133,392
4^3.
7d.
22,900,000
Supply of wheat and
flour afloat to
quarters
U. K.
2,124,000
2,479,000
Exports of wheat and flour in
March, inclusive):
Wheat
Flour..-
seven
2,7S1,000
months (September to
1883-4.
1S82-3.
cwt. 450.S7L
334,889
1881-2.
392,984
6 4,813
101,289
45,954
Iu the annexed statement is shown the extent of the sales of
.
home-grown wheat, barley and oats in the 187'principal mar¬
kets of England and Wales during the lirst 32 weeks of the
season, together with the average prices realized, compared
with 150 markets in the three previous seasons :
524,121
'414,784
512,372
4.584,519
9,402,566
607,949
363,759
3,961,240
8,078,6*)3
3,978,083
581,399
561,772
5,340,390
5,089,163
6,261,873
£32,183,310
£38,383,050
£33,323.010
£34,761,004
English
The
Market Reports—Per Cable.
daily closing quotation for securities, &c., at London,
arid for breadstufts and provisions at Liverpool, are
by cable
as
reported
follows for the week ending April 2o:
Sat.
London.
Mon.
Tues.
T7ed.
'
d.
Silver, per oz
50iqG
102 lo
Consols for money
102 ;*S
Consols for account
Fr’cli routes (in Paris) fr. 77-i >5
115 %
U. 8. 41<js of 1891
126 '8
U. 8. 4s of 1907
53 %
Canadian Pacific
87 78
Chie. Mil. & St. Paul
20 %
Erie, common stock
131 •A
Illinois Central
....
Pennsylvania
Philadelphia Reading.
Vttw York Central
WEEKS.
1882 83.
IS 33-8 4.
385.599
corn..
Total....
330,314
following return shows the extent of the imports of
produce into the United Kingdom during the first 32
of the season, &c.:
The
Peas
Beans
Indian
Flour
61 78
25 %
116*2
Sat.
Liverpool.
Flour (ex.
State)..100 lb.
Wheat, No. 1, wh.
“
Spring, No. 2...
“
Winter, South, n
Winter, West., n
“
“
Cal., No. 1
Cal., No. 2
Corn, mix., old...
“
“
“
“
s.
d.
11
s
3
7
7
9
5
8
•y
9
2
6
i
8
7
5
5
jorn, mix., new..
Pork, West. mess..$ bbl. 68
Bacon, long clear, new.. 42
Beef, pr. mess, new,$tc. 87
Lard, prime West. $ cwt. 43
Cheese. Am. choice.-.
68
50 0*10 5013,1$ 50t3,o
102 >4
102 *8
10 -M4
102 %
10 2%
102 %
769 V2Li 77 05
76 <0
115 58
11 '•‘8
115 %
120
12 6
126
49
50 78
50%
87 *8
8 9 7s
87 *4
1
19 *2
19*2
131
131 *4
13 0%
61 *4
61 %
61%
24 *4
21 *8
24 !e
116
115 % ill 57s
Moyi.
8.
11
8
7
d.
3
7
9
6
8
7
8
7
2*2 5
1
5
0
68
6
42
0
87
o
43
67
0
9
2
6
3
1
O
6
O
0
0
Wed.
Tues.
s.
11
8
7
9
7
.8
7
5
5
d.
3
7
6
8
9
O
6
3
1
68
0
12
4 2
6
O
6
66
6
•87
s.
11
8
•
7
9
7
8
7
5
5
68
42
87
42
66
d.
©cnmuevcial ami i^iacellaaeff
National Banks.—The
51
5JL
102 %
102 *•2
102*8
61 *2
23 *4
61*2
1%
115 *2
115 ‘8
102*4
76-07 *3 77-22*2
115 *8
115*2
125 *2
125 7S
47 %
47 %
35%
86%
18 %
18%
131 *4
131*8
Thurs.
8.
11
8
7
•7
7
9
8
7
9
8
2
6
7
3*e 5
l% 5
0
63
42
6
O
*7
43
9
66
6
3
Fri.
Thurs.
d.
3
7
7
6
9
3
7
3*2
1%
0
6
■
Fri.
8
7
d.
3
7
6
8
9
3
7
o
2*2
8.
11
8
7
9
7
5
68
42
0
0
87
6
63
13
1
0
6
0
0
0
us||cw5
following national banks have
lately
been organized:
3,156—The First National Bmk of Metropolis, Ill. Capital, $50,000Robert W. McCartney, President. .Lanes M. Clioat, Ciisnier.
No. 3,157—The First National Bank of Wapakoneta, O. Capital, $o0,0uu.
L. N. Bnime, President.
Charles F. Herbst. Cashier.
No. 3,153—The Lyndonville National Bank, Vt. Capital, $30,000. Sewan
Bradley, President. H. jVJL Pearl, Cashier.
No.
y.
i";v
Apbil 26,
«
’
THE
1884.]
Planters’ National Bank of Sherman, Tex
159—Tlie Merchants’ «fc
'capital, $ 100,(100. Christopher C. Binkley, President. Tom.
Randolph, Cashier.
ixn
*10*
q
'
CHRONICLE.
160—The First National Bank of
Deminsr, Terrify of New Mexico.
Charles II. Dane, President. Frank II. Sie-
Capital, $50,000.
l)old. Cashier.
3161—The First National Bank of Darlington, Wis. Capital.
$50,000. Philo A. Orton, President. George S. Anthony,
Kn
’
Cashier.
title of the James
Sweet National Bank of Nebraska City, Neb.,
was
501
in the distribution of anthracite coal. The most
astonishing
fact to those who have been told over and over
again
what wonderful strides the consumption of anthracite lias
made in the West will be that, after all, there was
only an
increase of a little more than 300,000 tons. It is true, on the
other hand, that much of the agitation on the
subject was due
to the discussion of the very extensive
preparations made for
carrying, handling and distributing largely-increased quanti¬
anthracite, and this has led to some extent to a dis¬
counting of the future.
“The suggestion has recently been made that the most
The title of the West Watcrville National Bank of Oakland, Me., was
changed on the 15th inst. to the Mcssalonshce National Bank,
equitable
basis for the reduction of output on the part of the
Oakland, Me., in aceordance with Act of Congress, approved
anthracite producers would be an allotment of percentages.
March 24, 1-84.
This, it is understood, is the outgrowth of a feeling of dissatis¬
The First National Gold Bank of Petaluma, Cal., was on the 17tli inst.
converted into a currency bank under the provisions of Act of faction with the manner in
which, some of the companies have
Congress authorizing the conversion of National Gold Banks,
increased their output. We have therefore thought it interapproved Feb. 14, 1880—retains the same number, 2,123.
esting to trace their growth du-ring the past four years, comImports and Exports for the Week.—The imports of last
puting
percentages, to enable a clearer insight to be
week, compared with those of the preceding week, show a obtainedthe
more rapidly:
decrease in dry goods and an increase in general merchandise.
1880.
1S81.
1882.
1883.
The total imports were $8,485,041, against $7,867,135 the pre¬ Pbila. & Reading RR..
5,933,923
6.910,283
i,000,113 ^
9Qt> .Q2
ceding week and $9,394,712 two weeks previous. The exports Central RR of N. ,T... 3.470,141 4,085,423 4.211,052 >
for the week ended April 22 amounted to $5,157,159, against Lehigh Valley R. li... 4,394.533
5,933,739
5,721,869
6,271,773
The
AU
changed on the 12th inst. to the Merchants’National Baulc of
Nebraska Cil y, in accordance with Act of Congress, approved
March 22, 1884.
ties of
1
. 0
$5,018,570 last week and $5,463,202 two weeks previous.
The
following are the imports at New York for the week ending
(for dry goods) April 17, and for the week ending (for general
merchandise) April 18; also totals since the beginning of first
week in January:
$1,845,000
6,69 4,751
$2,560,161
8,715,716
$1,438,115
7,058,837
$1,849,838
$S,540,411
$11,275,877
$8,497,002
$8,485,041
$39,944,201
90,181,159
$48,362,301
$45,083,542
100,484,77 5
$42,611,446
9S. 309,983
Gen’lmer’diae..
Total
Gen’Imer’dise..
112,223,818
6,635,203
Total 16 weeks. $130,125,351 $160,586,149 $145,568,317 $140,921,434
report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
In
our
specie) from the port of New York to foreign ports for the
week ending April 22, 1884, and from January 1 to date:
EXPORTS FROM NEW YORK FOR THE
1881.
WEEK.
1883.
1882.
$6,006,121
1884.
$6,186,773
106,100,917
$5,157,159
Total 16 weeks. $120,200,067 $100,190,491 $112,287,690
$90,478,352
For the week...
Prey, reported..
$6,532,692
113,667,375
91,184,370
85,321,193
The following table shows the exports and imports of specie
at the port of New York for the week ending April 19, and
since January 1, 1884, and for the corresj>onding periods in
1883 and 1882:
EXPORTS AND IMPORTS OF SPECIE AT NEW TORI.
Exports.
Imports.
Gold.
Week.
Week.
Since Jan. 1.
-
Great Britain
France
$3,999,63 4 $21,700,357
1,011,628
Germany
West Indies
2,172.228
300,000
103,375
679,320
1,862,638
5,500
293,987
400,354
Mexico
Booth America
All other countries...
Since Jan. 1.
$
4,638.717
3,211,496
Pennsylvania ILK... 1,864,03?
3,2o3,168
2,211,363
1,475,380
2,332,973
5,079,123
3,512,972
2,773,419
1,469,820
1,541,145
165,230
339,510
382,194
Pennsylvania Coal Co.
N. Y. L. E. & W. RR...
*
1,199,012
96,500
5,253
1,397,592
8,142
78,446
265,39 L
104,867
650
1380.
1831.
.25-3 )
Central Railroad of New Jersey .15-0 5 103 14-3]
Lehigh Valley Railroad
.18-3
200
Delaware Lack. «fe West. RR
.151
15-4
Delaware
Hudson Canal Co.. .11-5
11-3
8-0
7-8
5-2
N. Y. Lake Erie A West. RR..
1-8
1-7
$5,420,137 $27,103,884 $1,308,907
31.000
121,250
9.325
5,500
10,676,998
7,858
$99,5 40
$4,010,294
19,700
307,730
34,129
$1,846,946
4,714,350
452,456
Silver.
Great Britain
France
German,
West Indies
Mexico
Booth America
All other countries...
Total 1884
Total 1883.
Total 1882
Of the above
21,414
2,195
164,478
41,595
78,912
$
$1,068
37.052
192,441
8,752
44,012
2,043
1,500
1,120.693
57.674
18,521
$4,688,532
5,188,614
$56,312
$1,427,449
155,970
49,706
163,600
3,679,357
21,179
1,740,768
693,219
$121,435
imports for the week in 1884, $5,742 were
American gold coin and $8,608 American silver coin. Of the
exports during the same time $505,600 were American gold
coin, and $18,140 American silver coin.
Anthracite Coal.—Mr. John H. Jones has published his
statement showing the general distribution of the production
of anthracite coal in the past two years, and the Engineering
and Mining Journal calculates the percentages: 1882.
1883.
Per cent.
68-7
21,830,504
169
5,337,700
8-0
2,537,174
Tons.
To Penn., N. Y. andN J
To New England States
To Western States.
To8outliernStates, iDeluding
■Delaware, Maryland
and
the District of Columbia...
To Paciiie coast
To
To
38,423
49,735
2*2
02
31,793,027
100-0
29,120,076
100-0
C90.498
49.( 06
61 <*,875
The Journal says: “A glance at the percentages
calculated
from Mr. Jones's
0-1
that we have
figures will be sufficient to illus¬
trate how comparatively insignificant
4-0
1,16^,730
24.635
ports
Total
Percent.
68-5
19,957,789
17-4
5,0(54,775
76
2,213,107
40
01
2 2
o-i
1,2 31,093
Dominion of Canada
foreign
Tons.
have been the cheinges
1832.
5
20-4
15 9
11 0
80
50
1-2
.
Spring Mountain Coal.—The
1883.
*33-60 21*°*
38
145
.
property of
5 38 5
19-8
15-9
11:0
8'7
4-9
1-2
the Spring
Mountain Coal Company has been sold to the Lehigh Valley
Coal Company for $700,000 cash.
Possession will be given
when the present lease terminates next December.
Spring
Mountain stockholders met and ratified the sale. - The Presi¬
dent had proxies on two-thirds of the capital stock in favor of
the sale.
President Robinson says the sale makes the stock
worth about 50.
'
*
.
—We are in receipt of the thirty-seventh half-yearly report
of the Hong Kong & Shanghai Banking Corporation, from
which we notice that the profits for the six months ending 31st
December last are, after making provision for all bad and
doubtful debts, $791,851 95, out of which a dividend is paid of
£2 per share on the old shares and £1 5s. per share on the new
shares. A further $100,000 is placed to the reserve fund for
equalization of dividends, $50,000 written off bank premises
account, and $87,645 23 carried forward to the new profit and
loss account. The general statement of assets and liabilities
shows the paid-up capital to be $7,074,744 75 and the reserve
funds $4,263,361 66, and the deposits were increased to $45,765,858 69.
—The Guarantee Company of -North America publishes its
eleventh annual report, showing that 9,788 bonds were issued
in 1883 on entirely new business, covering altogether an amount
of $12,929,005, and paying a yearly premium of $99,967.
The
total business in force is $17,622,625.
The total receipts last
year were
Total 1884
Total 1883
Total 1882
1,138,466
411,095
pated with the following percentages:
1882.
Dry goods
8inceJan. 1.
Dry goods
1884.
1881.
1883.
4,388,963
23,437,212 23,509,016 29,120,096 31,793,028
In the whole business in three years, the companies partici¬
FOREIGN IMPORTS AT NEW YORK.
For Week.
Del. Lack. AWest, RR. 3,5’ 0,318
Del. ifcllml. Canal Go.. 2.674,705
$191,267: disbursements, including 6
per
cent on
stock, $167,301.
-—Attention is called to the, quotations of * Mr.* Samuel M.
Smith in the Investors' Supplement of this date.
Mr. Smith
deals in insurance scrip, city railways and gas stocks and
bonds, and has had many years .experience in Wall Street in
these local specialties.
Parties seeking investments will do well
to note the
figures
as
presented for their examination.
circumstance is noted with satisfaction that the
Commercial Union Insurance Company of London has just
completed its new and handsome building on the northeast
corner of William and Pine streets, where its branch in this
city, of which Mr. Alfred Pell is resident manager, will in
future be located.
—The
ninety-
—The Ontario Silver Mining Company announces its
fourth dividend, of $75,000 for the month of March, payable
in San Francisco or by Messrs. Lounsbery & Haggin, 15
Broad Street, N.Y., on the 30th instant.
—The Canadian Pacific Railway transfer
of Messrs. J. Kennedy Tod & Co., agents in
closed at 3 P.M., May 6, prior to the annual
in Montreal May 14.
books, at the office
New York, will be
meeting to be held
Auction Sales.—The following, seldom or never
Stock Exchange, were sold at auction this week
Adrian II. Muller & Son:
13
7
24
50
35
200
Shares.
Mercli’ts’ Excli. Nat. Bk..l00
Bank of Commerce
1565=)
Knickerb’ker Fire Ins.Co. S3
Wall Street Bank
98*2
N. Y. Milt. Gas-Light Co.134
People’s Gas-Light Co. of
Brooklyn.
85
100 Brooklyn Gas-Liglit Co... 140^
20 New York Gas-Liglit Co.,
ex-div
65
.154-h
Metropolitan Gas-Lt. Co.
of Brooklyn
9134
sold at the
by Messrs.
Shares.
10 Eagle Tna. Co
100 Citizens’Fire Ins. Co
Bonds.
2513*
1453*
$1,000 Cits. Fire In. Co., scrip 80
$9,000 City of B’lyn 6s, Water
Loan, due 1 *'■99...128*4 &int.
$4,000 City of N. Y. 6s, Cent’l
Park hnpro’t, due 1887.10858
$2,500 Town of Morris’a (N.Y.
City) 7s, 1913-15.133*2 & int.
$11,000 B’way and 7th Ave.
RR. 5s, due 1904.105& int.
-
>■
"''t.'Xr:
‘■Sap
m
502
THE
CHRONICLE.
gained during the week 8,753,000 francs in gold and
jankers- (Samite.
francs in silver.
The following dividends have recently been announced :
Per
Cent.
Railroads.
Boston & Maine
Boston 6c Providence
U
$4
Concord
N. Y. Prov. 6c Bos. (Ston.) quar...
Banks.
Ameiiean Exchange Natioral
...
Bank of the State of New York...
Fulton National
National City
5
2
3%
4
3%
10
Pacific
2%
Miscellaneous.
Pullman’s Palace Car (quar.)
SEW
YORK,
2
FRIDAY,
When
Books Closed.
Payable.
May
May
May
May
15
May
1
10
1
(Days inclusive.)
April
April
April
10 May
1
1
|Way
May
May
May
;
l
15
May
APRIL
•
1 920 Oftn
*
,wu
Exchange—The market for sterling has been firmerdur
ing the last week, and some of the leading drawers who had
kept their posted rates down to 4 88 and 4 90, while others
were
quoting 4 88^ and 4 90>£, advanced to the higher figure
on
Thursday. The rates for actual business on Friday the
25th, were as follows, viz.: Sixty days, 4 87J<@4 87^: demand
4 89J^@4 89%; cables, 4 90@4
90%.
Commercial tills
continued very scarce and sold at 4 86@4
86%.
Quotations tor foreign exchange are as follows, the prices
being the posted rates of leading bankers:
DIVIDENDS.
Name of Company.
lyou xzxTm,
X™
25 to
20 to
18 to
1 to May
J2
April
April
April
April
26 to May 4
30 to Mav 12
20 to May 1
26 to April 30
April 23 to April 30
May 2 to May
April 25.
8ixty Days Demand,
Prime bankers’ sterling bills on London
Prime conhnercial
4 S8%
4 87
4 86%
5 16%
Documentary commercial
15
Paris
(francs)
Amsterdam (guilders)
25, 1884-5 P. M.
Frankfort
The Money Market and Financial Situation.—One of the
features of the general commercial and industrial situation
which begins to attract more attention, is the disposition to re¬
strict production and reduce the wages of labor. Instances of
this within the last ten days have been made public in the re¬
duction of work in the coal mines by nine days each month,
the shutting down of cotton mills in Georgia and Alabama,
the reduction in wages and time by the Nail Makers’ Associa¬
tion at Pittsburg, and the proposed reduction of time by one
or
4d%
05%
Bremen (reichmarks)
4
90ia
514%
41
96
United States Bonds.—Government bonds have
again been
and both the 4’s and the 4%’s are % lower than
trifle weal?,
last Friday. ‘
a
Interest
Periods.
Apl.
19.
A
*
pi.
22.
Apl.
23.
a
Apt.
25. ;
4%e, 1891
reg. Q.-Mar. *113% *113% 113% 115% 113% 113%
4%s, 1891
..coup. Q.-Mar. *113% 113% *115% *113% 113
113%
4e, 1907...
123% 123% 123% *123% 123%
reg. Q.-Jan.
*123%
4s, 1907
coup. Q.-Jan. *123% 123% 123% 123% *123% 123%
38, option U. S
reg. Q.-Feb. *100% *100% 100% 100% *100% *100%
6e, eur’oy, ’95—reg. J. & J. *129
*129
*129
*129
*129
*129
*131 • *131
6e, eur’oy, ’96—reg. J. &*J. *131
*131
*131
•131
J.
&
J.
*133
*133
6s, cur’oy, ’97
*1-33
*133
reg.
*133
133
day per week and of 10 per cent in wages by some of the New
England cotton mills.
It also begins to be acknowledged that the decline in prices
of all the great staple commodities requires that the reduction
in the rates for their transportation shall be comparatively
*136
68,cur’cy, ’98—reg. J. & J. *136 *136
*136
*136
*136
permanent, and that, consequently, railroads and steamships 6s, cur’oy. ’99—recr. J. & J. *138 *138 *138 *138 *138 *138
must reduce their operating expenses proportionately, by
greater economy and a reduction in wages and salaries, before
tJ. S. Sub-Treasury.—The following table shows the receipts
capital will have confidence in the continuance of their divi¬ and payments at the Sub-Treasury
in this city, as well as the
dends. The irreconcilable difference between the current
balances in the same, for each day of the past week :
prices of railway stocks that pay 6 and 7 per cent, and the con¬
Balances.
tinued low rates for money on collaterals on either call or time
Date.
Receipts.
Payments.
loans,both in this country and in London, must be accepted as
Coin.
Currency.
evidence that there is a lack of confidence in the permanency
of dividends on the present basis of freights as compared with
Apl. 19..
operating
expenses.
The increased movement of breadstuffs to the seaboard,
which began with the decline in wheat and the reduction of
rail freights east from Chicago, continues, and the average
■
weekly shipments eastward from the seven principal Western
dikes still averages about 2,500,000 bushels of wheat per week
(including flour reduced to wheat), against about 900,000 bush,
per week in the three weeks to the eighth of March.
The in¬
creased exports of breadstuffs from the
seven principal
Atlantic and Gulf ports of the United States, which was
noted,for the first time last week, was continued in the week
to April 19, in which time the exports of wheat, corn and
flour increased over the preceding week about 200,000 bushels.
It is, however, noted that the movement of these cereals from
the producers’ hands to the
primary markets in the principal
Western cities has diminished somewhat lately, from which it
is argued that producers are not satisfied with the low prices
prevailing,
and
Decause it
are
declining to sell. This is
an
important fact,
indicates the probability of a decline again in the ex¬
ports of breadstuffs before long, and this, in conjunction with
the diminishing shipments of cotton, gives the prospect of a
firmer market for sterling exchange and the continued export
of gold. The exports of gold since Friday, the 18th, have been
$6 ,571,000, which, with about $1,400,000 engaged for Saturday,
the 26th, makes a total of about $32,000,000 since February 21st.
There has been a hardening tendency in the New York money
market in consequence of the continued large exports of gold,
though it has not been manifested in any decided change in
rates of interest yet.
There have been some endeavors to bid
up money on the Stock Exchange, in order to affect the stock
market, and in the past week rates have once or twice touched
8 per cent, but only momentarily, and for the most of the
time have ranged at 1 y2 and 2. There is, however, less dispo¬
sition to make time loans
on
stock
collaterals, and there is
no
3^ per cent money offered, the prevailing rate being 4
per cent on dividend stocks for six months or less.
Rates for
mercantile discounts remain unchanged at 4 and
for en¬
dorsed paper at 2 and 4 months, and 5 and 5f£ on single names.
The following table shows the changes from tne previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
more
1884.
April 19.
.Differ' nces fr'v
previous week.
|
1883.
1882.
April 21.
April 22.
Loans ana die $347,324,900 Dec #1,096,100 $310,807,000 $309,688,400
60,750,400 Dec. 3,113,800
53,869,80(
64,135.000
Circulation..
14,463,300 Inc.
16.4 96,30«
1 23,90<
19.366,800
Net deposits
340,661.300 Dec. 3,691.000 .286.676,100 293,351.4* 0
Specie
Legal tenders.
Legal reserve.
Reserve held.
Surplus
26,981.500,Inc. 1,141,200
$85,165,325 Dec. $922,750
18,423,50<
18,252,4( 0
$73,337,850
87,731,900 Dec. 1,972,600
$71,669,025
72,293,200
$2,566,575 Dec.$l,049,850
$624,275
$9,049,550
The Bank of
82.337,400
England gained during the week to April 24
£191,000 in gold, though the large shipments of specie that
have gone from the United States in the last week are expected
to cause a heavier gain, soon.
The Bank rate of discount
remained unchanged, and the reserve was increased to 49 per
cent from 47^ per cent a week before.
The Bank of France
21..
22..
23..
24..
••
•
“
“
“
“
,
25..
Total
*
$
$
869,785 89
928,910 01
1,049.782 89
1,119,927 10
3,113.870 72
1,225,151 67
926,498 20
2.510,901 73
*16,342 4°4 19 *116857,617 08
1,611,666 61
1,022,961 69
$
$
125,657,885 50 10.166.248
125,534,515 50 10,219,444
127,250,588 36 10,392,120
128,765,987 11 10,461,124
128,150.031 61 10,561,957
128,838,022 11 10,462,672
23
02
21
99
60
02
25,498.502 03 22,081,065 75
$15.000,OoO or above receipts and payments is
..
a transfer from one
account on the books to {mother,
t Includes $700,000 gold certificates taken out of cash.
State and Railroad Bonds.—There has been a small
volume of business in the general market for railroad bonds in
the last week, with the tendency of prices downward. In the
only cases in which there has been any activity there have
also been large declines. The Wabash general mortgages show
a further depreciation of 6%
per cent this week, in addition to
9 per
cent last week.
The Denver & Rio Grande, Denver & Rio
Grande Western and Erie 2d’s come next, with similar heavy
declines for the week. In all of these cases the cause of the de¬
clines is the diminished earnings and less favorable financial
condition of the properties.
The West Shore 5s have also
been active at lower figures, in consequence of the failure to
arrive at any plan for the financial relief of the road. *The
principal net changes for the week are as follows, viz.:
Declined—Canada Southern firsts, 1%; Denver & Rio Grande
consols, 6%; do. firsts, 4; Denver & Rio Grande Western firsts,
7%;j East Tennessee incomes, 3; Erie second consols, 2^;
Kansas Pacific consols, 3; Lafayette Bloomington & Muncie
firsts, 1; Mobile & Ohio third debentures, 6; New Orleans &
Pacific firsts, 1%; Oregon Short Line firsts, 2%; Texas &
pacific land grant incomes, 1 }4 per cent; do. Rio Grande divi¬
sion firsts, 2Union Pacific sinking fund, 1%; Wabash
general mortgage 6s, 6% per cent; Chicago & Atlantic
seconds, 1%; Oregon Improvement firsts, 6; New York West
Shore & Buffalo 5s, 3%.
There was only a small business in State issues during the
week, and prices were firm.
Railroad and Miscellaneous Stocks.—The stock market
has been depressed during the week by the increasing exports
of gold, the unsatisfactory condition of the coal trade and the
still unsettled relations of the roads in nearly all the railroad
pools throughout the country. The special features that have
exercised a depressing influence have been the large decrease
in earnings of the Union Pacific in the first quarter of the
year, and in the latter part of the week the rumors that the
loans of the Reading on collateral of the 50,000 shares of Jersey
Central stock held for it had been called, and though these
rumors were denied, their first effect to depress the market was
not overcome.
On the whole, the stock market has been in a
weak and demoralized condition. The general public are not
largely interested in it, and the professional speculators and
room-traders, to whom the dealings are largely confined, find
it easier to depress than tQ advance prices^ Canada Pacific has
been weak on rumors that some of the officials of the road had
resigned, or were to resign, their positions. The St. Paul &
Omaha stocks have been firm and higher on the large increase
in tile cpmpany’s earnings.
Of the Gould stocks, Western
Union has gravitated towards lower figures, but Missouri Far
cific has resisted further decline.
April 26,
THE CHRONICLE.
!8£4.J
503
NEW VOKK STOCK. EXCilANUE PRICES POK WEEK
EN1)1#» IPIUI. i>, ANi) SINCE JAN.
1, 1894.
HIGHEST
STOCKS.
Saturday,
Monday,
April 19.
KAILKOADS.
Albany & Susquehanna
Atchison Topeka & Santa Fo..
Boston (SN.V. Air Line, prei.
Burlington Ced. Rapids & No.
Canadian Pacific
-•
Canada southern
Central of New Jersey
84 %
Central Pacific
56=a
AND
LOWEST
Tuesday,
April 21.
PRICES.
Sales of
the Week
Wednesday,! Thursda
April 23. j April !>£*
April 22.
Friday,
April 25.
For Full
Year 1888.
Range Since Jan. 1,1884.
(Shares).
Lowest.
Highest.
Low.
High
127
135
,
133
83
Do
Do
lstpref....
2d pref
5134
49
51
85 7e
57
13
23
10
22%
.
*62
48
Chesapeake & Ohio
l(i
49*8 50
4834 4934
83*8 84*4
50*8
50*2
127s
22 34
17
pref.
Chicago St. Paul Minn. & Om.
Do
pref.
Cleveland Col. Cinn. & I nil—
Cleveland & Pittsburg, guar
Columbus Chic. & Ina. Cent
Delaware Lackawanna* West.
Denver & Rio Grande
East Tennessee Va. & Ga
Do
pref.
Evansville* Terre Haute
Qreen Bay Winona & St. Paul
Harlem
Houston & Texas Central
Illinois Central
29
94
1183s 119%
15
10*8
6=8
034
*11*4 12*2
39
119*2
120
11
92
92
59*2
59*2
6
11
0*4
11*2
*6
6 34
*40
46
129
129
46'
40
.
Long Island
74
74
46%
4734
1o34
98*2
*40
*90
*44
42
93
60
34
34
16
16
15
15*4
97*4
74*3
90*2
74
45 34
47
44
*90
*44
44
Metropolitan Elevated
Miohigan Central
Milwaukee L. Sh. & Western.
Do
pref.
Minneapolis * St. Louis
Do
pref.
Missouri Kansas * Tex_s
Missouri Pacific..
Do
*40
1434
15 *2
31
17
31
18
13
*14*2
19*4
125
92
20
80*2
2
18*2
18:*8
-14*4
48*2
Peoria Decatur* Evansville..
Philadelphia * Reading
Pittsburg Ft. Wayne & Chic..
Rich.* Allegh., st’k trustctf’s.
132
Richmond & Danville
Richmond & West P’t Term’l.
Rochester & Pittsburg
Rome Watertown & Ogdensb.
BL Louis Alton & Terre Haute
Do
pref.
Bt. Louis & San Francisco
Do
pref.
Do
lstpref.
Bt. Paul & Duluth
Do
pref
8t Paul Minneap. & Manitoba.
Texas A Pacific
15*2
EXPRESS.
21*4
21*4
11
*25
31*4
28
32
94*«
95*4
94*2
59
58
*50
-190
*38
*11
38
*5
0*4
200
*38
42
12
22*8
10O
400
5,285
10,295
58
110
400
10
355.590
12.893
2,200
197
197
128*2
128**2
12
10
15.
16
15
40*8
74
47
46*2
47
45*2
40*2
*89
*43
92
49
92
*45 *a
92
500
700
200
10
100
2,003
1,000
1,850
48
89,284
1,020
25,490
50
950
400
22*8
104
85*4
8534
102
85
102
*84
103
85
200
800
102
40
14*2
10*2
81*2
12434
33
30
30
17*4
8234
16*8
17*4
83*4
7*2
15*2
125*4 rid *4 *ii5"
*51
7%
'15
16
*105
125
91
92*2
18
19*4
19=8
60
50*4
15
14% 14*a
173»
78
8034
*11*2
126*
73e
81
*14
*28
15
54
113=8 114*4
734
734
16
105
*91
10
125
’14
40
15
;;i
*29*2
30 V,
10*4
15=8
82
81
16 V
82
11
11
1’2’f
7=8
*15*2
*105
92*2
18*8
20
54
61
14*4
14*4
51
51
14*4
13*2
51
9'*8
9*2
21*4 22*s
46*2
2 '4
183b
19*8
167s
14*2
46*4
8%
"
834
b34
*4
114,008
100
388
200
17.275
530
-
«34
*4
18*2
14=8
20
48
131*2 131*2
17=8
18
*14*2
15
4634
20=8 22
19*2
40*2
2 3g
40
1038
483s
*23g
19*2
20*4
4034
*2*4
48*2
10*8
93e
934
*20
10*8 18*8
*14*4 15
4048*4
130
15*8
14*2
44*2
130
130
*50
26*2
9*2
95*2
93*2
27
48*3
95*2
OO'^s
10 *s
10*2
94%
1734
703f}
1034
17 %
58
58
17
118*4 118*2
13*2 13*2
100
*13*2
r
106
14*2
170
24
70
70
49
47*4
*24"
*24
*45
91*2
*93
16
65 34
10
16
26
48*2
91*2
94
26*2
10*4
91
17
16*2
073b
66
10
17
57
57
10*4
11734 11834
15
118*2 119*4
*14
16
9=8
27
2 34
46*2
*2 *4
47 *2
20
21
234
10*4
14=8
40
*14
10*8
15
41*4
129
62
20*2
10
26*2
934
45
120
513
5,200
59,533
1,270
26
*24
*45
48*2
95
90
00*2
94
10
60
9
1534
173a
077&
978
17
66*2
56*2
119*2
14*4
60=8
9*2
119
14
20
48*2
*23
26
170
90
*45
48*2
90*2
90*4
1534
90*2
91=8
10*4
91*2
15=8
07 *2
06 34
9*2
9
15=8
16*4
10
56
50
119*8 119*8
13*4 1334
104*4 1043s
170
'
92*2
10 s*
68 :*8
9*4
10*8
00 34
30
08*s
*26
65 *2
*131
135
133
97
97
-98*2
01 *2 01 *2 *00
*112
114
*112
30
00 34
133
98
02
114
*26
60*4
*131
*96*2
*00
30
07*2
*26
65;*8
30
67*4
*132
98*2 -90
62
00*2
136
98
*60
....
11334 114
*20
04 78
98
01
113*2 114
137
98
02
113*2113*2
12,500
30,085
552,780
8,745
11,155
14*2
10334 104=8
’
170
30
00
391
119*4
22*2
65 3s
136
*90
*00
114
^0*2
50
12
176
Danbury
7
15
75
72*2
Mississippi, pref
* Saratoga
United Companies of N. J
Virginia
Midland
Maryland
Coal
New Central Coal
Pennsylvania Coal
*prtuf Mountain Coal
*
These
are
*12*2
*260
270
47*3 49
*260
483s
270
49
*260
16
270
48*a 60
*200
48%
the prioes hid and asked; no sale was mad* at the
Board.
270
*200
49=8
t
4834
270
4834
Ex-privilege.
*255
270
4834 50
68%
19*2
34%
80
106%
1 an.
5
Jan. 11
11
42
Feb. 25
9
24
Jan. 21
Jan. 15
J an.
3
50
90
Jan. 10
37% Jan. 20
84*2 Jan. 31
27
Mar. 11
Apr. 12
Jan. 26
Jan. 19
6534 Apr. 21
8=8 Apr. 17
15=8 Apr. 24
50
96 *2
2
21
7
10
29*s
4
12
Feb. 23
Apr. 14
L29
Jail. 11
Feb. 14
Fob. 15
47
46*4
20*2
40
87
33
90
99
90
04
Jan. 20
Jau.
7
61%
138
72
39
23
34
85
103
21
14
15
35
80
4
Mar. 21
Mar. 17
Feb.
5
Mar. 18
Mar. 18
32
89
28
16%.
4
Feb.
53%
90%
14%
36%
14%
7
Apr. 10
3234Jan. 9
30%
50%
100%
40%
9734
169%
17*8 43
70*8 10s %
15
30%
29*8 67%
22% Feb. 11
84% Feb. 10
19=4 Jan. 7
32
49 3A
23*8
4934
Mar. 19
Mar. 22
Feb.
18
10
32
Feb. 15
27
J au.
7
57=8 Jan. 7
3 *8 Jan.
7
25 7e Mar. 17
rhii
26
m 125
50
21
70
4034
40
210
138
108
10
7 170
Feb.
9
05
Apr. 17
*8 Jan. 7
Apr. 25 112 Jau. 28
Jan. 21
5634 Mar. 17
Feb. If* 117
Jan.
7
Jan. 21
0*2 Feb. 11
Jan. 21 32 % Feb. 5
25*8
047s Apr. 24
128
91
50
105
Feb.
7!
50
Feb. 11
Jan. 21
72% Apr. 21
Apr. 12
137
90
142
55
12
Jan.
24*2 A pr.
152
Feb.
33
Feb.
50
Jan.
82
Mar.
145
Mar.
90
Jau.
Jau.
9
1 140*2 Apr.
Feb.
192*2 Jau. 8 193*2 Mar.
20
Feb 14
21
Jau.
122
Mar. 15 122% Mar.
12
Jan. 11
15
Feb.
91%,
56
90
150
28
4434.
.12*4 134
78'8 Feb. 10
Jan. 31 137
Apr. 24
Jan.
3 102
Mar. 20
Jan.
31 61 *2 Feb. 7
Jau. 23,115
Feb. 13
30%
112%
14
122*2 Jan.
4%
......
150,971
;
18
48%
30%
1034
Feb. 11
17
33
50
90
96%
100*e
57
60%
.18*4 140%
225
90
Rensselaer
55
95
34=8 Jan.
4,741 103*2
72*2
32
76*
77
10
35
33
13
25
86
84
15
30%
30% Feb. 11
23*4 Jan. 5
15% Apr. 24
40
88
20
n
12*2
8
16
17
978
3,825
40,925
130
98
02
115
01
13
23%
23
35%
14 34 27
128
137 %
115 34 129%
Feb. 1*
Jan. 7
Feb. 5
5
Greenville,pref...
r4 *4
28
17
Jan.
Ohio &
Warren
Jan.
Jan. 29
24'4 Apr. 12!
147
Apr. 10
Joliet* Chicago
90
88
25 1334 Mar. 24
10
19%
22 127
Jan. 29
120
129%
19 58
Mar. 141
50*» 64%
Mar. 13 Lll*a 129%
17 122
22 10*8 Feb. 15
7
15%
16 2034 Feb. 14
13=4 35
90
105
16 94*2 Apr. 12
83 34
89%
21 283s Jan. 5
26 7a 40%
Mar. 3
83
22 71
72
17 *2 Apr. 4
7
17*2 52%
15 182
Mar. 18- >1 169
183
22 10*2 Jau. 7
15=8 20%
0
Feb. 28
24
8%
4%
18
14
18*4 Feb. 10
21%
3534 Feb. 7
1834 Jan. 26
40% Jan. 23
2
Apr. 19
183e Apr. 21
9
& Norwalk
& Sioux City
Dubuque
Apr.
Mar.
Jan.
8*2 Apr.
Falls * Minnesota
&
65%
71%
08%
Apr. 24 61 % Jan.
4.900 1117 34 Apr.21 127=4 Apr.
710
10*2 Jan. 21
17*2 Mar.
3,900 10334 Apr. 25 114 Feb.
14*4 Jan. 10 17% Jan.
Central Iowa, 1st pref.
Chicago &. Alton, pref
Columbia
Jau. 11
07=4 Jan. 10
15
Jan.
2
41*4 Apr. 25 00=8
128*4 Mar. 29 135
A *<j A pr. 10
5
300
52
Apr. 25 61
400
20
Apr. 17 32
7,480
8**8 Apr. 15 10*8
1934 Jan. 7 24
;
86
48%
47*4
811
550
119
14
Jan
173a Apr.
14
25
17
350,605
10
....
2334 "if 22*2
21
21
22*2 22*2
22
22
76
70 78
76
72
77
75
71
72
70
71*2
$46% 47=8
4534 47*2
46*4 477s
45*4 40*4
45% 40*8
111*4 111*2 111*4 112*4 1123s 112*2 110*2 112*2 110*2 111
110*4 11034
*4
5 *2
*4
*4
-4
5*2
*4
5*2
5*2
5*2
*25
7 % Apr.
37g J an.
62 *2
20*2
*20
Jan.
1107g Jan,
15*4 Aj)r.
100
130
20*2
9=8
105*« 105=8 105*4 105=8 104*2 10534
*13*2 14*a
170
46
Apr.
Apr.
Apr.
Jan.
Jan.
85
13,011
85,401
84%
08*4
7e Feb. 11
Jan.
3
24
Mar. 18
Jan. 19 40
Jan. 11
Jan.
8 105
Apr. 15
JaD.
2 94 *2 M ar. 4
Feb. 11
16
Jan.
7
Jan. 24 44
Apr. 10
Jan. 16
18% Jan. 7
304
450
21
*50
*20*2
*24
*43
*88
26
47
04*4
173s
67 34
10*2
17*4
....
16=8
*13
*24
*45
*88
80%
8*2
121%
13
10
2178 22
473s 48*4
*2*8
230
19
15=8
2,570
5
84%
78
75
Jau. 10
Jan. 18
Feb. 27 140*4
J an. 21 12734 Feb. 10
300
215.920
1,520
1,450
40
*50
....
9*4
14
30
300
21,700
"if "if
15
50*2
27
48*4
2 *4
18 7s
-8 34
93s
*4
40
2*8
20*2
132*4
8*2
5
33%
.....
i ,300
12534 1253^
*52
55
113*2 114
*7*2
8
7=8
*15*2
125
*105
125
92
92*2
92 V
18 *2 18 7f
1834
15
32
90
85
10
1,208
648
ii3% ii‘3%
92*a
18*4
52*2
14*4
1434
78*2
Apr. 25 94% Jan. 3
9134 108%
Apr. 1 119
Feb. 10 115
122%
Jan. 21 124
Feb. 12 1)5*4 140%
140
Apr. 3 149*2 Feb. 12 134
157
115% Jail. 21 12034 Feb. 11 116*2 127%
9
Mar. 27
13*4 Jan. 5
10*2 22
25
Mar. 27 35
Jau.11
33
57%
27*2 Jan. 21 34*2 Jan. 3
30
55
88*4 Jan. 21 90*4 Feb. 11
91
113%
58
Jan. 23 09*2 Mar. 14
54
84
138
Feb. 23 141
142
Apr. 1
1
Feb. 14
2
Jan. 17
1*2
7**
114 *4 Jan. 17 133*8 Mar. 1
ill *-2 131%
13% Apr. 24 25=8 Jan. 3
21*4 51 *a
5% Jan. 22
8*4 Feb. 15
4*2 11*
1034 Jan. 17 14*2 Feb. 15
11*4 23
38
Apr. 23 51
Jan. 7
45
75
5
Jan. 20
8*2 Feb. 8
5
10%
192
Mar. 12 200
Mar. 18 L90
200
40
Jan.
4
50
82 He
Apr. 17 51
1-8*2 Apr. 2 140
Feb. 13 124
148
81 % Jan. 11
80
Mar. 6
77
84%
15
Jan. 21
20*4 Jan. 6
17*2 36%
15
Apr. 21
19=4 Jan. 7
13*2 33%
93% Jan. 17 IO434 Mar. 4
92 a4 114%
65
J an.
3 78% Mar. 15
58
86 34.
42 a4 .1 an. 21
51% Mar. 4
40=8 58%
35
I
17*2 Mar. 10
an.
4
30
68
40
Jan. 22
59
Feb. 25
38
53%
82
Jan. 21
93*2 Apr. 7
80
42
Jan. 23 59*2 Mar. 17
38
1.125
1,505
903s
74
47 3b
133%
11,205 118*2
83*8
015 112%
36.21-0 11234
238,510
95
38
15*2
11
Apr. 24
21
.lan. 21
14 *2 M ar. 4
200
50
Jan. 30
Jau.
7
Mar. 13
57
90
55=8 Apr. 25
210
*11
38
i'534
48*o Apr. 25
77
Apr. 25
1,355
034
>84*2
15*2
*14*2
95*2
45% Apr. 24
7,155
0*4
0*2
Jan.
7 1135
77 78 Apr. 17 1 8034
80% Mar. 27 I 83%
00
Apr. 10 80
29.510
15,000
14
128*2 128*2
1534
15*4
97=8
75*2
45
00
60
104
40
*197
1293s
*42
90
*44
22
11
40
6*2
129-4 129*2 128*2
*84*2
16 34
15*2 15*2
15*6 15*4
15*4
90 7e 97=s
96*8
*74
*73*2 75
40=8 47*4
40*2
43
90
*0
11
NS 5
*5
12
38
200
44
44
117=8 118=8
1334 1434
0*2
132
31,935
82 *4
50*
94
pref.
American
United States
Wells, Fargo & Co
inactive stocks.
Cedar
77.
55 %
■'ll
48
MISCELLANEOUS.
pref
0*4
125
91
91
48 7a
27
*23
*40
* Pacific...
Telegraph
*6*8
12
40
*39
14
v27
39*2
54
9%
American Tel. & Cable Co
Bankers’ & M erchants’ Tel
Colorado Coal & Iron
Delaware & Hudson Canal....
Mutual Union Telegraph
Do
Union
7e
83*8
50
55
11
118*8 11934
1434 1534
0*2
813b
7*2
9 *2
54
*20
Union Pacific
Western
118=8 1193s
15*8 15 7e
40
*4
48*4
Co
59%
il3*4 il»% il3 *8 i*14*
14
9*2
Oregon Short Line
Oregon & Trans continental..
Pacific Mail
Pullman Palace Car
Quicksilver Mining
90
69
94=8
12
*105
22% 22%
Oregon Improvement Co
Oregon Railway & Nav.Co
4534
48*2
‘
39*«
New York & Texas Land Co..
27
32'V
90
15*2
*10
*14*2
Northern Pacific
Do
pref
Ohio Central
Ohio* Mississippi
Ohio Southern
Do
20
32
94
*85
53
105
92
pref
Wabash St. Louis
47 *2
49
9
82*2
,
28
88
*16 * *17*s
pref.
Do
00
'
114*4 114^
7%
7%
10*4 10*4
New York*New England....
NewYorkNew Haven* Hart.
New York Ontario & Western.
New YorkSusq. & Western...
Do
pref.
Norfolk & Western
Adams
86
53
prof.
82*2
4
12*2
22*2
323a
33*2
101*2 101*2 102*2 104
125*2 125*2 *124*2 120
New York Elevated
New York Lack. & Western..
New York Lake Erie* West’n
Do
*87
80% 82%
..
80
50
45 *2
84*2
60 34
*11*2
22*4
*14*2
33*a
101*2 101*2
*11
Mobile & Ohio
Morris & Essex
Nashville Chattanooga & St.L.
New York Central * Hudson.
New York Chic. & St. Louis
31*2
92 34
43
90
*40
22
92
60
Manhattan Beach Co
Memphis & Charleston
*20
*35
7*2
15**8
97*2
common.
49 7«
50 *s
78
*21*4 22
10
15
15
*136*4
*130*4
.137*2
123
123
121
12134
121*2 121*4
85 7e
84=4 85 34
83 *t,
83*2 84=8
113*2 *113‘4 II334 113
113
’112
113
115
1137e 115
113*2 114
1133b 114
142
142*2 142*2 142
142
141*2 141*1
120
*119*2 120*2 119*2 11934 11934 1193
9
10*a
9
*8*8
934
-9*2
117=4 11834
14 a4 153g
leased line 4 p.c
lstpref..
14
21*2
10
*14
142
39 %
"0*2
Indiana Bloomingt’n & West’ll
Lake Erie & Western
Lake Shore
Do
Do
84
50
142
-
Louisville & Nashville
Louisville New Albany & Chic.
Manhattan Elevated
40*4
49*2
133
78
82*2
140
....
Do
50
84*2
50=8
21*a
27
'27
30 34 31*2
32%
50
83=8
50*4
137*2 ’130*4
122=8 122 *4
85*4
85*8
II334 113
114% 114*8
•
*27
31
92
*59
49 7e
50
*12
127a
22 34
*14
-130 *4
Chicago & Alton
*130*2
Chicago Burlington & Quincy. tl21% 124->4 12134
85
80 %
Chicago Milwaukee & St. Paul
84*4
Do
pref. *114 114*3 113
Chicago & N orth western....
114% 115 a4 113=8
Do
prof. 143 *8 143*8 14034
Chicago Rock I sland & Pacific *120 121
119*4
Chicago St. Louis & Pittsburg
*9*2 11
*9*2
Do
83
5
30
9%
40%
7134
88%
136
88
55*2
1
18
10
04%
66%
128
17%
12
iso"
10
11
21
10
4
9
31
50
68%
77
92
138
112%
70%
38
96
18 1
21 J
145%
24
31
118
17
29
vl
20
1 18
10
9
197
•
7*2 Apr. 14 10*4 Jau. 31
1'
264
Feb. 19 264
Feb. 19 5!60
28i %
29 *2 4 au.
4,220
2 50
20*2 80%
Apr. 22
§ Lower price is ox-dividoud.
MN.YitE-2d,
QUOTATIONS OF STATE AND
RAILROAD
STATE
BONDS.BONDS
82
■
i
1
108*3
1 12
115
118
32 *4'
12
6s, loan, 1892
|N. Carolina—0s, old. J.cfe.I. |
! Fundiiur act, 1800-1808
!
19
C’mp’mise.3-4-5-0s,l 912
3*6 Virginia—Os, old
2*3
W’n. & Tar R.
1
Consol. 4s. 1910
Oliio-Os, 1880
j
South Carolina—
! 6s, Act Mar. 23, 1809 )
non-fundable, 1888. > |
Brown consol’11 6s, 1893
Tennessee—Os, old, 1892-8!
107*4
!
Os. now,
100
42
1892-8-1900 ...1 42
Os,
Os,
6s,
Os,
6s,
......
j
85
8334
1
31
!
5
2
Wil.C.itRu.R.I
Bo
Bo
!
I
110 Vi
6s, loan, 1892./.
'Carolina—Continued—J
bonds, J.itJ.,’92-8!
Special tax. all classes. J
.-.-I
Tennessee—Continued—
Os, new series, 1914
1
N.
Bid.
SECURITIES.
Ask.
j Bid.
New
118
Funding, 1894-95
Hannibal & St. Jo., ’80.
New York—6s, reg., 1887
0s, loan, 1891
1
......j
1
•
!
5
2
44-
Columbia—
Registered
1
44
48*3
49*3
40
00
41
53
0 *3
114
114
112
3-05s, 1924
j
42
40
new, 18(50
consol, bonds
ex-matured coupon.
consol., 2d series
deferred..
District of
!
4a
Ask.
Funding 5s, 1899
-
—-r.rc
BONDS.
RAILROAD
SECURITIES
Bid. 'Ask.
SECURITIES.
SECURITIES.
Ask.
Bid.
Louisiana—‘7<v cons.,1914. 77
Ex-matured coupon
j 07
Missouri—Os, 1880
100
Os, due 1889 or 1890
111
A syl’m or Univ.. due ’92 114
82
Alabamar-Class A, 1906.
105
102
Class B, 5s, 1900
82 >4 83*3
Class C, 4s, 1906
104
«s, 10-20s, 1900
15 '4 'i'-Ti
Arkansas—Os, funded
15
7sf L. Book & Ft. S. iss.
10
7s, Memp.it L.Rock Bit
12
7s, L. R.P.B.&N.O.RH
12
7s, Miss. O. All. It. lift.
7s, Arkansas Cent. HR. 1 00
Georgia—Os, 1880
1O0
I1
7a, 1880
112
7s, gold, 1890
APRIL, 25, 1SS4.
i
!
SECURITIES.
Ask.'
Bid.
SECURITIES.
fV0L. XXXVIII.
CHRONICLE.
THE
504
Penn. HR.—Continued— i
Marietta it Cin.—1st, 7s. i
128
Clev.it Pitts.—Cons.s.fd.'
W.—Contin’d105
105*3
M e tropolit’ n El.—1 s t, 19 08
114-V
4tli,s.fd.,(is,1892
>-110 V---.
7
s,
1891
..
Railroad lSonds.
2d, Os, 1899
j 98*3 99’*8 St.L.V.&T.H.—1st,g.,7s
I
Bonds, 7s, 1900
Mex. Cent.—1st, 7s, 191 l.j
..*123 *
7s of 1871,1901
2d, 7s, 1898
I....
i
128*3 i'29*3
128*8 Midi.Cent.—Cons.7s, 1902
{Stock Exchange Prices.)
2d, guar., 7s, 1898
>'
!.
1st, consol., guar., 7s...8Consol. 5s, 1902.
,*100
90
B.it B.—1st. Os, 1911 *
Lack.it W.—1 st. Os'
"104 102*3 Pitts.
Ala. Central—1 st, Os, 1018
Home W.it Og.—1st,7s,’91 *109*3
Construction, 5s, 1923
99‘2 100 1 Os, 1909
*
Coupon, 5s, 1931
Alleg’y Cent.—1st, 0s, 1922
7*6*4
Bel.it Hud. Canal—1st, 7s *102 Va
' Registered,
Con., 1st, ext., 5s. 1922.1
70 '113
5s, 1931
110
AtclnT.it S.Fe-4 *39, 1920
'
Rocli.it Pitt—1st, (is,19211
73,1891
j T14 *4 115*3 | .Tack.Lan.itSag.—0s,’9l. 102
90
Sinking fund, Os, 1911..
Consol.. 1st, Os, P922
!
1st. ext., 7s, 1891
98 (100
"9*6** ’of*
I
it No.—1st, Os, 1910
AtL & Pac.—1st, Os, 1910.1
09 | 70
Ricb.it A lleg.—1 st, 7s, 1920 j
| Coupon, 7s, 1894
’
117*3^. Milw.
Mil.L.S.itW— 1st, Os,1921| 100*3 108
J5alt.it O.—1st, Os, Prk. Hr.
99*3 TOO
Ricb.it Banv.—Cons.,g.,0s:
"14**
Registered,
*
.ill/*2
7s,
1894
St.L.—1st,7s,19271 1-6. j....
Boat. Hartf. it E.—1st, 7s
58
1st, Pa.Biv., cp., 7s, 1917)
131 ,, Minn.it
Iowa Ext.—1st, 7s, 1909*12()
...... i
Bebenture Os, 1927 .
■
Guaranteed
104
Atl.it Cb.-lst.pf.,7s, ’97 *H2
Bel. L. it
'
Bur. C.
Rap.it No.—1st,
103
130
105*4
5s
Mlnn.it St.L.—1st,7s,gu.!
West.—1st, 7s
C.Rap.I.F.it N.—1st, Os
la. City.it
let, 5s, 1921
Buff. N.Y. & Phil.—1st,
!
H7
*88*3 89
100
100*4
87
87:
108
80
*80*4 80*
Os'
7s, *94 *ii5''e
2d, (300), 7s, 1898
2d, guar. (188), 7s,
’98
131
5e, sinking fund 1901..
98
[ 98
fie, debentures, 1912—;
109
la. Div.—S. fd., 6s, 1919, *105
93*3
Sinking fund, 4s, 1919,
*
90*4
Denver Biv.—4s, 1922. J
85
Plain 4s, 1921
j 127
i‘27
C.R.I.it P.-Os, cp., 1917 J
127
6e, reg., 1917
' 126*3
104
103
Keok. it Bes M.—1st, 5s
Central of N. J.—1st, 1.890 115
lstconsol.assented, 1809 113*2 114
"
.
118
[110
1 95
Deh.itW.B.—Con.g’d.as. 104 TOO
93
92
Am.B’kit Imp.—5s, 19211
Chic. Mil. it St. Paul—
103
1st, 8s, P. B
I 132*8
121
125
2d, 7 3-10, P.T)., 1898...
129
128
119
Houston it Texas
2d. Waco it N o., 8s, 1915j
!
J
General, Os, 1921
IIoust.E.itW.Tox.—1st,7s
2d, Os, 1913
|
Illinois Central—
I
!
Springfield Div.—Cp. Os.1
| Middle Biv.—Reg., 5s...i
*123
100
'
I
Gold, 5s, 1951
Bub. it S. C.—2d Biv.,
Ced. F. it Minn.—1st,
Ind. Bl. <t W.—1st pref.,
I
2d, 4-5-Os, 1909=
Eastern Biv.,
|
.j
Os, 1921.. 1
Int.itGt.No.—1 st, Os, gold
I Coupon, Os, 1909
!
|K ent’ky Cent.—M. Os, 1911 j
j
Coupon, gold, 7s, 1902..1
Regist’d, gold, i s,
-Sinking fund, Os. 1929.. 110
Sink, fund, Os, 1929, reg 112 [113
Sinking fund, 5s. 1929.. 10338
Sink, fund, 5s. 1929. reg
Sink’g fd. deb., 5s, 1933 *9734 *98
Eecanabait L.S.—lst.Osj
DcsM.it Min’ap.—1st,7s 125 ! 127
Iowa Midland—1st, 8s..I 128 i13034
Peninsula—1st, conv. 7s; 123
Cliic.it Milw’kee—lst.7s 122*3 125
Win.it St.P.— 1st. 7s, ’87 10734'
2d, 7s, 1907.....
*123 1125
Mad.—let,Os, 1905!
7s
(is 113*8Tl3*2
1
1
!
Mortgage 7s, 1907
8yr.Biug.it N.Y.—1st,7s 125
Morris it Essex—1st,
7s
1
!
So.Pac.of
89*4
Union
118
1
*50
110
Co.—7s,1909!*
M.B’h—1st,7a,’97
latest quotations made tki3
week.
I
*
105
! 113“a
!
108 j
103*2
111*2
j
St.L. K.C.itN.— R.e.,7s
N.Mex.-lst.Os!
Pacilic—1st, Os
100
..
—
101*3
Biv.—1st, 7s 10J
Clar’da Br.—6s, 1919 *80
80*3
St.Cbas.Bge.—1st, Os
I
No. Missouri—1st, 7s. 118*3'
115 1110
West. Un.Tel.—.1900,coup.
112*3
1
1900, reg
,
Omaha
•N.W. 'Telegraph—7s, 1904/100
70
M u t. U n .'Tel.—s. f d, (is, 1911
W.W.—lst.Os
Oreg’n RR.& Nav.—1st, Os
Spring Val.
(8*4
108*4
05
INCOME BONDS.
114;*s 11134 (Interest payable if earned.)
Layd grants, 7s, ’87-89, 1<>7
Sinking funds, 8s,’93.i H2
Reg., Ks, 1893.
;*
Collateral Trust, Os...I
do
5s, 1907;
; 108
1
[113 ' Alleg’nyCent—Inc.; 1912
lll^ Atl. it Pac.—Inc., 1*910...
;
Central of N. J.—1908
1834
19
‘104
!
: Ceut.Ia.—Coup. deb.certs.l
Hans.Pac.—1st, Os, ’95!
112 j ch.St.P.itM.—L.gr.ine.,fis
1st, Os, 1S90
i 109*2 110 ! Cbic.it E. Ill.—Inc.,
Bcnv.Biv.Os,as'd,’99' 109:j4 110*3 BesM.it Ft.D.—1st,inc.,Osj
1st, consol., Os. 19191 93 j 95 1 Det. Mack. &
C.Br.U.P.—F.c.,7s, ’95.*
109*2
At.C.it P.—1st,Os,1905 *92 |
"Elizal). C. it Nor.—2d, inc.
At. J. Co.A W.—1st, Os!
87 *2 91 l Gr.BayW.it St,P.—2d,inc.j
Oreg. Short L.—1st, Os1
88 j 88*^ Ind. Bl. <t W.—Inc.,
1919
Consol.,
Os, 1921...
■ inc.,
•
Ut So.—Gen., 7s, 19091 100 (105 !
98 TOO ! Ind’sBee.it Spr’d—2d,inc.j
Exten., 1st, 7s, 1909!
'Trust Co. certilicat.es.;.
100
110(5*4
ZSfo. Pac.—1st, cons., Os.
80
115*8 115*3 Leli. it Wilkesl). Coal—’88
3d, 7s, 1900
Lake E.& W.—Inc.,7s, ’99i .*32
105
*4
TOO
*3
Pac. of Mo.—1st, Os...
Sand’kv Biv.—Inc., 1920
111
t
i
2d, 7s. 1891
30*
Laf. Bl. & M un.- Inc., 7 s, ’99
St.L.it S.F.—2d, Os, Cl A
84
Mil. L. Sb.it W.—Incomes
C,
190(5
3-Os, Class
09
)5
i 1M0b.it O.—Ist.prf., deben.
3-Os, Class B, 1900....
*38
...Jr 2d, ])ref., debentures
1st; Os, Pierce C. it O.
3d, pref., debentures
Equipment, 7s, 1895..
*20
4tli, pref., debentures ..
Gen’lmort., Os, 1931..
N.Y.Lake E.itW.—Inc. 6s
So. Pac. of Mo.—lst.Os
N.Y.P.it O.—l8t,iuc.ac.,7s!
Tex.it Pac.—1st, Os, 1905
*0
92*3 Ohio Cent.—Income, 19201
Consol., Os. 1905
1
47*2
Min’l Biv.—Inc.,7s, 1921!
Income it Id. gr., reg..
70 j Ohio So.—2d inc., Os, 1921J
lst. Hio G. I)iv.,Os, 1930
Ogdens.it L.C.—Inc., 1920;
Pennsylvania RH.—
1
PeoriaD.itEv.—Inc., 1920; *59
Pa.Co.’s guar. 4 *38,1 st,cp
lj
Evansv.Biv.—Inc., 1920j
Registered, 1921
Peoria <Sz l’ek.Un.—Inc.,0s
Pitt.C.it St.L.—1st, c.,7s
:
Roch.itPittsb.—Inc.,1921
1st,'reg., 7s, 1900
j Rome W. it Og.—Inc., 7s. j 34*2
2d, 7s, 1913
So.Car.Ry.—Inc., Os, 1931 *..---•
Pitts. FtW.it Chic.—1st
St.L.itl.Mt.—lst,7s,pr.i.a.j
2d, 7s, 1912
132*2 St.L.A.it T.H.—Biv.bds
3d, 7s, 1912
Marq.—Inc.I
..1
123*3
123 *3
ioi”;
100
82*3
105*’!
119
S.it
Manbat.B’cb
6sj 105
Han.it Naples—1st, 7s
Ill.it So. Ia.—1st,ex.,0s
E.T.V.&Ga.—Inc.,6s,1931i
9434 "95*3
2d. 3s, 1980
Nasliv. it Bee.—1st.
,105
,
- — - -
1
19071
100
110
7s.
N.Ala.—S.f.,(is,l910
Leban’n-K nox—(is, 1931 *i of)’
Louisv. C.it L.—Os. 1931 *100
89
Trust bonds, (is, 1922.
93
L.Erie it W.—1 st. (is, 15) 19
,133 j Sandusky Biv.—Os, 1919 ’95*
M.—1st (is, 1919
i'129*3 Laf.Bl.it
Louis v.N. Alb.it C.—1st Os *98
prices Friday; these are
j
85
85*2' 85 7b
General, Os, 1930
!
Pensacola Biv.—Os, 1920
St. L. Biv.—1st, Os, 1921,*....
104
West. Pac.—Bonds, (is- 110*3
So. Pac. of Cal.
1st,Os! 104 *3
So.Pac.of Ariz’a—1st, Os
105*3
115
03
77
70
7s, ’88 103*3 104*3
i 97
2d, 7s, 1893
Q.it Tol.—1st, 7s, 1890
Gt. West’11—1st,
j
121
*06*3!
Cecilian Br’clx—7s, 1907
N.O.itMob.—lst.Os,1930 *94
2d, Os, 1930
*
E.H.it N.—1st, (is, 1919 103
N.Y.it
.* No
I.
i
74
04
San Joaquin Br.—6s..i
Cal. it Oregon—1st, Osj
(103
State Aid bds., 7s, ’84; 100
Land grant bonds, 6s. 10334
110
108*3
—...
Consol., coup., 2d, 7s..
Consol., reg., 2d, 7s ...J
Long I si. RR.—1st, 7s, ’98 121
1st, consol., 5% 1931
i*
Louis. West.—lsr, (is
S.C.—lst.Os,1919! 117 117*2
Ghic.it E.Ill.—1st,s.f.,cur.! 100 > 102
Chic.StL.it P.—1st,con.5s
*
91 j
!
Chic, it Atl.—1st, Os, 1920
!
!
!
i
2d, Os, 1923
Chic.itW.Ind.—1st, s.f., Os 105*4'
1
Gen’l mort., Os, 1932
i
*105 j
•Col.ife Green—1st, Os, 1910
98
1
2d, Gs, 1920
-Col. H.Val. it Tol.—1st, 5s
78*2 79*3'
T19
DeLL.it W.—7s, conv.,’92
StP.it
Peoria it Pek.U’n—1st,
Pacilic Railroads—
Central Pac.—G., 6s
Equipm’t bds, 7s. ’83.
Consol, conv., 7s, 1907
!
i
71"
Evans.Biv.—1 st,6s,1920;*-
■
'
f.. 7s ...! 105>
Cleve.it Tol.—Sink’g fd, j 104
New bonds, 7s, 1880..!
Cleve. P. it Asli.—7s
*111*2
Buff, it Erie—Now bds .>T 19
Kal. it W. Pigeon—1st.. 1*110
Bet.M.A T.—1st,7s,1900; 124
Lake Shore—Biv. bonds *119
Consol., coup., 1st, 7s. 127
Consol., reg.. 1st, 7s...;*129
....
C.St.PitM.—1st,Os, 1918 120
No. Wis.—1st. (is, 1930.1
;
09
70
90
Oregon Imp. Co.—1st, (is.
Panama—S.f., sub.6s,1910
Peoria Bee. & Ev.—1st, (5s
M. S. it N. I., s.
C.C.C.&Ind’s-lst,7s,s.fdJ 121 '127
Consol. 7s, 1914
J 123*3 124*
. .1J Louisville it Nashville
Consol, sink, fd., 7s, 1914 ......!
Consol., 7s, 1898..
General eousob,6s,T934) ...... 109*3'
C.St.P.M.it O.—Consol,
6s, 1920
j
6s, 1921
Ohio So.—1st, 6s,1921
Oreg’nit Cal.—1 st,6s, 1921
1st, Term’lTr.,
1st, Min’l Div.,
’
103 *-j
....
7s *1155
7s’
Springfield Biv., 7s 111*4
00
Central—1 st, Os, 1920
;
100 ! Or.&Transc’l—6s.’82-1922
J
j
115 I
1
1st, 4-5-Os, 1909
Ohio
_
1
2d, Os, 1907
i
j
1 st,Chic.it P. W.,5s. 1921
j.--98 *4
Miu’l Pt, Biv., 5s, 1910.1
98:ih
C.it L.Sup.Biv., 5s, 19211
97*3 98
Wie.it Min.Biv.,5s,1921
Chic. <t Northwest.—
1
Sink, fund, 7s, 1885
1 104*2
Consol, bonds, 7s, 1915.' 133 1133
Extension bonds, 7s, ’85!
ioi *3
1st, 7s. 1885
129
128
Mil.it
97
'
C.St.L.it N.O.—Ten.l.,7s.*121 *3
1st, consol., 78, 1897
122*4
i
11 1 *2 113
2
123*3 125
111
112
l8t,S.Minn. Div.,0s, 1910
let, II. it U.f 7s, 1910..J
Chic.it Pac. I)iv.,Oe.1910
■
*101 :*8
120
124
1 13*2
1st,
-111
|
1....
1st, I. & B., 7s, 1899....! 121
129
139
1st, C. <t. M., 7s, 1903...!
Consol. 7s, 1905
1 12334 121
2d, 7s, 1884
1st, 7s, I.& B.Ext., 1908
let, S.W. Biv., Os, 1909.'
let, 5s, LaC.it Dav.,1919
113*3^1334
i
Cent.—
1st, M. L., 7s
i 109*3
1st, Western Biv., 7s ... I 114
117
1st, Waco it No., 7s
2d, consol., maine line.8s 121*3 120
i
1
119
■
-
..
....
1 17
109
....
-
......
.
1 st, reg., 1903
105
:. | 132 - 133 *3
Hud.Riv.—'7s,2d, s.f., ’851 ...... TOO :
110
Harlem—1st, 7s, coup.. J 133 !
’ St, P. it Bui.—1st, 5s, 1931
1st, Os, 1920
1st, 7s, reg., 1900
*130*2 --'
106 "
So. Car. R’y—1st, Os, 1920 102*3
!N.Y. Elev’d—1st, 7s, 1900. 190 1120*3
97*3 98
N.Y.P.it O.—Pr.l’n, Os, ’95; 105 [108 j
114
! Slienand’bV.—1 st,7s, 1909
—!
N.Y.C.it N.—Gen.,Os, 1910
80
1 30
!| General, Os, 1921
| 107
103
I’nist
Co.
receipts
i
|
105*2 107 ‘ Tex.Cen.—1st, s.f., 7s, 1909,
4th, extended, 5s, 1920.5*108 *3!—
N.Y. it. N. Engl’d—1st, 7s
107
95
5th, 7s, 1888
1
!
1st mort., 7s, 1911
i
1
1st, Os, 1905
i 107 78 108 j Tol. Bel.it Burl.—Main,Os
1st, cons., gold, 7s, 1920
{127*3' N.Y.C.itSt.L.-lst,Gs,1921j
80
1st, cons., fd cou])., 7s.. j*124 .120*3
Bayt. Biv., 6s, 1910
2d. Os, 1923
1 50*4 51 j i 1st,
Rcorg.. 1st lien, Os, 1908
1
i | N.Y.W.Sb.it
1st, Tei-’l trust, (is, 1910
Buff.—Cp.,5s
Long Bockb’nds, 7s, ’93'
!-! I Registered. 5s, 1931
50*4 ITex.it N.O.—1st, 7s, 1905
I
*95" '95*a
Buff.N.Y.it E.—1st, 1910 *130-*4>
|
i
Sabine Biv.—lst.Os, 1912
West.—1st, Os HI
70
08
N.Y.L.E.itW.—New2d 0
1 8334 ! N.Y.Susq.it
70
1 Va. Mid.—M. inc., (is. 1927
Bebenture, Os, 1897
; *00
48
CollatT trust.Os, 1922.
90*4 1 Wab.st. L.&Pac.—Gen’l 6s
1
Midland of N.J.—1st, Os
*95
I
I
90
05
71
Buff.it S.W.—M.,0s, 1908
Chic. Biv.—5s, 1910.....
N.Y.N.H.itH.—1st, rg., 4s *102
......TOO
81
Ilav. Biv.—6s, 1910
85
Central—1st,
Nevada
0s..(
----108
j
Mt.Vcrn’n—1st, Os, 1923
Tol.
P.itW.—1st,
7s,1917
1113
N.Pac.—G.l.gr., 1st,cp.,0s 102:*8[102*3
85
75
Fl’tit P.Marq— M.Gs.1920
Iowa I)iv.—6s, 1921.....
109*3*
J Registered, (5s, 1921
*102
Gal.IIar.it 8.Ant.—1st, Os
Ind’polis
Biv.—6s,
1921
85
Pac.—1st, Os, g., 1920 *83*a 83 >3
Detroit Biv.—6s, 1921
;
2d, 7s, 1905
*11078 ...... IN.O.
Os, 1931 107*3 107y.i
75
70
Mex. & Pac.—1st, 5e
i 95*4 Norf.itW.—Gen’l,
Cairo Biv.—5s, 1931
New River—1st, Os,1932 *101
j 103
85
!
Wabasli—Mort.
7s.
2d, Os. 1931
1909
*80 I 87 I Nro.Railway (Cal.)—1st, Os *107*2
102*3
G r’n Bay W.&St. P.—1 st, Os
T'ol.
it
W.—1st,
ext.,
7s
1 15*3 Ohio
diioit Miss.—Consol, s.fd.1 119*3 120;*8
*114
90
95
Gulf Col.it S. Fe—7s, 1909
1st, St. L. Biv., 7s, ’89
104
|
!
Consolidated 7s, 1898...! 119*3 120*3
97
Haim, it St. Jos.—8s,conv. 10378
115
2d. ext.. 7s, 1893
|
191
2d consolidated 7s,
lj
50
;
Consol. Os, 1911
Divisional 5s, 1930
Iliz.C.itN.—S.f.,deb.,c.,0;
|
.
-
.
120
118
119
119
.
r
•
9
Chic.—1st1
1891.......’
S’tliw.Ext.—1st, 7s,1910;
Pac. Ext.—1st, Os, 1921.
-
■
117*3
fit. L. Jack, it
1st, guar. (504),
2d. 7s,
j
....
119
112
132 ji
11‘234 !‘
! 103*3
.-! i
J
!
General, Os, 1924
j
So.—1st, int. guar. 5s
2d, 5s, 1913
!
Reg., 5s, 1912
Central Iowa—1st, 7s, *90;
East. Div.—1st, Os, 19121
Ill. l)iv.—1st, Os, 1912 ..j
Char. .Col. & Aug.—1st, 7s;
Ches.it O.—Pur.money fd.j
i ‘12
113
6e, gold, series A, 1908 J 103 *3
6e, gold, series 15, 1908 '
52*8 52
6s, currency, 1918
101
Mortgage Os, 1911
| 101
89
88
Ches.O.itS.W.—M. 5-Os...; *11
..
'
92
9(5
Can.
1917.
Susq.—1st, 7s
2d, 7s. 1885
Alb. it
j
102*3
1
1st, I’a. Biv., reg.,
1*100
!
1
Incomes, 1900
112-^ 213 J Scioto
Val.—1st, cons., 7s.!
109*4
100*3
lst.cons., guar.7s,1900 120 j
M Mo.K.it T.—Gen’l,(is,1920 ---.--j 80*3 St. L. <t Iron Mt.—1st, 7s' 111 !
*112
7s, 1897
j
Registered
5s, 1920
05 1 00*3 2d.
Arkansas Rr’cb—1st, 7s 110*3 111*3
!
T15*4 j General,
let, cons., gu.,0s, 1900,
Cons. 7s, 1904-5-0
'
105*2
Cairo
it
7s
-!l08*s
Fulton—1st,
Registered
I
[ 1 Cons. 2d, income, 1911..I
1
i Reus, it bar—1st, cp.,7s *133
j
j 1 II.it Cent. Mo.—1st, ’90, 100 -j TO 1 Cairo Ark. & rT.-lst, 7s *107y4 109
Gen’l r’y-it 1. gr., 5s, 1931
1st, leg., 7s, 1921
*133 (
70
Benv.it Rio Gr.—1st, 1900,
,168Va Mobile it Ohio—New Os..! 108 j 9978 St.L.Alton it T.1I.—1st,7s; 118
trust,
Collated
Os,
1892
i!
!
I 73*3 Morgan’s La.it T.—1st, Os' ......:
let, consol., 7s, 1910
105
97 Nasb.Cbat.it St.L.—1st,7s1 191 I
Ben.So.Pk.it Pac.— let,' 7s *
income, 7s, 1894 <....'
! 2d,
119
Ben.it RioG.Weat.-lat,Os
52
Bellev.it So. Ill.—1st, 8s
,*102*3 104 j t.P.Minn.it Man.—1st,7s 110*3
Os, 1901
Dot.Mack.itMarq.—1st, Os *
J 91 N.2d,
Y. Central—Os, 1887...I 100**4!
! Beb. certs., ext’d 5s
Os, 1909
j 109*2
S Laud grant, 3*38, S.A..J
107 107*3 2d,
Dakota Ext.-6s, 1910..1 11234
1
E.T.Va.itGa.—1st,7s,1900i HO
j
N.Y. C.it JI.—1st, cp., 7s 132*4 134
105
105*a
1st, cons., 5e, 1930
i
89»4
94
78
125
20
*22
3*3*
«
35
*
70
45
30
30
52 *a
10
*2*4“
*6*6*^
36
53
55
Apkil 26,
THE CHRONICLE
1884.]
New York Local Securities.
COMPANIES.
Par.
PRICE.
COMPANIES.
Ask.
Par.
Butchers’ & Drov’s’
Chase
Chatham
Chemical
Citizens’
Continental
Corn Exchange*....
Eleventh Ward*....
Fifth
Fifth Avenue*
Fourth
Fulton
Gallatin
Garfield
German American*.
German Exchange*
Germania*
Greenwich*
Hanover
Imp. & Traders’
Irving
leather Manuf’rs’..
Manhattan*
Marine
Market
Mechanics’
Mechamcs’& Trails’
Mercantile
Merc nan is'
Merchants’ Exch...
Metropolis*
Metropolitan
Murray Hill*
Nassau*
New York
New York County
N. Y. Nat. Excli....
Ninth
North America*
North River*
Oriental*
Pacific*
Park
.
People’s*
Phenix
Produce*
Republic
St. Nicholas*
Seventh Ward
Second
8hoe& Leather
State of New York*1
Third
.=>....
Tradesmen’s
Union
United States
Wall Street
West Side*
....
American
Amer. Exchange
136
295
......
.
130
13d
...
.
City
(120
Continental
Empire City
Exchange
......
Franklin &
132 k
130
....
.
.....
11 5
1.2 0
103
Hanover
105
143
145
Kings CTity (Bkn.).
2 *2
loo
155
152 k 154
20
!
131 k
92
......1
95
152
154
144
IGo
150
110
123
150
40
50
100
Lori Hard
25
| 05
Manufae. & Build.. 100 1 95
Mcch. & Traders’
25
! 85
Mechanics’ (Bklyn)
50 .1 105
Mercantile
50
00
Merchants’
50
! 105
Montauk (Bklyn.)..
50
j 105
Nassau (Bklyn.)
50
145
National
37 k
90
N. Y. Equitable
35
150
N. Y. Fire
101)
HO
50
120
Niagara
North River
25
j 105
Pacific
25
1 170
Park
3 00 *1 100
Peter Cooper
20
j 155
People’s
i 50 1 108
Phenix
: 50
148»
Rutger’s
115
j 25
Standard
1 50
90
Star
100
00
Sterling
100
57
Stuvvesant
25
120
Tradesmen’s
25
i 70
United States
25
| 127
Westchester
i 120
10
50
200
...
...
|
j
|
......
I
j
120
50
1 o.>
105
152
107
...
j
172
......
......
132 k 1*35
150 t
110
112 k
!
k 150
GAS COMPANIES.
17 0
I
*5
Period
H
(2,000,000; Var’s
Date.
*
Bid.
|MaylO,’84
Ask.
xl32
Jan. 3, ’84
02
135
93
110
122
170
275
235
110
135
100
(1,200,000 Var’s
.1,000 I 315,000 A. & O ! 3Ha Apr. 1/81 107
50 ,2,000,000'F. & A
3
11* ob. 1,’81 120
Jersey City & Hoboken..
20 |
750,000! J. & J ! 7 k Jan. 1, ’84:100
Manhattan
50 4,000,000(1. & J
5
(Apr. 1,’84 270
100 2,500,000 M.&N
5
Metropolitan
May 2,’841x230
500
750,000 F. & A, ! 3 1
(107
Mutual (N. Y.)
100 3,500,0001 Quar. 2 k' Apr. 10 ’84; 132
Bonds
1,000 1,500,000 M.&N 6
1002
1104
Nassau (Bklyn.)
25 1,000,000 Var’s
3
Sept. 1/82 100
Scrip
Var’s
700,000 M.&N. 3 k Nov. 1/83 *95
97
New York
;
100 4,000.000 M.&N. '5
i May 1, ’841x154 155
People’s (Bklyn.)
10 1,000,000 r. & j. 3VJan.
85
,’70!
00
Bonds
1.000
375,000 M.&N. 3k Nov. 1,’83:100
110
.Bonds
;
Var’s j
125,000 Var’s ; 3 Apr. 1,’84 98
100
Central of New York
50
400,000 F.&A. <2
80
Fel*., ’84!
50 1,000,000 Quar.
Williamsburg
2 k Apr. 21’84 i 125
130
Bonds
1,000 1,000,000 A. & O. 3 I Apr. 1, ’84 10;
108
100 1,000,000 M.&N. 3 (Jan. 1, *84
Metropolitan (Bklyn.)...
02
95
Municipal
100 3,000,000j
5
Mch. 7/81 212
215
Bonds
i 750,000 M.&N. 0
18.88
107 k 110
Fulton Municipal
'Too 3,000,000
138
142
Bonds
108
j 300,000(J. & J. 6
112
Bonds
'
'2,000,0001
04
90
(Quotations by II. L. Grant, Broker, 145 Broadway.]
1st mort
Av.—Sfk.
Brooklyn City—Stock
1st mort
Bklyn Crosstown—Stock
.
1st mort. bonds
Bushw’kAv.
(Bkln)—Si’k
Central Crossiown—Stk.
1st mort
Cent.Pk.N.& E. Riv.-Stk
Consol,
mort. bonds
ChriBt’ph’r&lOth St—Stk
Bonds
DryL>k.E.B.& Bat’y—Stk
1st mort., consol
Scrip
Eighth Av.—Stock
Scrip
42d& Gr’nd St.F’iy—Stk
1st mort
Houst.W.St.&P. F’y-Stk
o
1st mort.
Second Av.—stock
3d mort
Consol
Sixth Av.—stock & scrip
1st inure.
Third Av.—Stock
1st mort
Twenty-third
1st mort
;
St.—Stock.
1,000
100
1,000
10
1,000
100
1,000
100
100
1,000
100
1,000
100
1,000
100
500&c.
100
100
100
100
1,000
100
500
100
1,000
1,000
100
1,000
100
1,000
900,000 J. & .J.
700,000 J. & J.
2,100,000 Q.-J.
1,500,000 J. & 1).
2,000,000 Q—F.
800,000 J. & J.
200,000 A. &0.
400,000 J. & J.
500,000 Q.—F.
000.000 Q.—<T.
250,000 M.&N.
1,800,000 Q;—J.
1,200,000 J. & D.
050,000 F.&A.
250,000 A. & O.
1,200,000' Q.—F.
900,000! J. & D.
1,200,000! F.& A.
1,000,000, Q.—J.
1,000,«!00!F & A.
748,000; M.&N.
‘
230,000 A. & O.
250,000 Q.—F.
500,000 J. & J.
1,802,000
J. & J.
150,000 A. & O.
1,050,000 M.&N.
1,500,000 M.&
S.
500,000 J. & J.
2,000,000 Q.—F.
2,000,000 J. & J.
100
1.000
This column shows last.dividend
Pueblo & Ark. Val.—7s..
000,000 F.&A.
950.000 M.&N.
on
34 Jan.,
’84 23
7
July,1900 111
2
7
Apri', ’84'155
June, ’84 100
3*2 May, ’84 210
5
Jan., 1902.100
4
April, ’84! 155
7
Jan., 1888 105
2
May,
’84'100
lk April, ’84'130
0
Nov..1922 111
2
April, '84,142
7
Dec., 1902 120
2 V. Feb.,
’841130
7
Oct., 1898 110
2*9 May,
7
Juno,
’841205
’931114
0
1914
2 k April, ’84
0
Feb., 1914
6
May, ’84
7
April, ’93
2
May, ’84
I uly,
7
’94
5
Jan., ’84
7
April, ’85
7
’88
May,
10
Mch., ’84
.1
7
uly, ’90
4
Feb., ’84
7
Jan., ’90
4
Feb., ’84
M av.
7
’93
'
105
205
105
240
25 k
112 k
1C0-
215**
no
105
112
105
137
112k
145
121
135
no
220
,110k
'no
290
no
255
112
117
110
111
113 k
202 k 210
103
101
107
108
310
325
110 1115
275
280
111
113
170
170
110
113
stoeta, but date of maturity on bonds»
118
Cam. & Burl. Co.—6s, ’97.
Catawissa—1st, 7s, con. c.
I Chat. M., 10s, 1888
New 7s, reg. & coup
Cliart’rs V.—1st, 7s, 1901
Couneet’g’ Os, cf>., 1900-04
Cor.Cowah& Ant.,deb. 6s,
:110k ! Delaware- Os, rg.&
cp.,V.
114
122
117*
! Del.
105E
& Bound Br —1st. 7s
East Penn.—1st, 7s, 1888
Easton&A mb’y—5s, 1920
i
120
1*0*7*
El.&Wiusp’t-l st.Os, 1910 115
100
5s, perpetual
ilfk Harris!*’g— 1st. Os, 1883..
iu 115
H.& B.T.—1st, 7s, g., 1890 1*15*
109 k .:.... | Cons.
5s, 1895
•
i
92 '
05
55
j
......
97
98
98
>il
>il
99
STOCKS.
Atchison & Topeka
Boston & Albany
Boston & Lowell
77 7s 78
3 80
115
115
1 00
173
00
373.t
10
.
Boston & Maine
Boston & Providence
Cheshire, preferred
Flint &
I’ere
Marquette.
|
20 k
27 k
'103
124
84
-
18
20
!
Preferred
Nashua & Lowell
145
N. Y. A New England ...1
14
14 4
Northern of N. Hampsli.j
Norwich & Worcester...
Old Colony
1113.1 142
Portland Saco & Portsiu.
Pliil.Wil.& Balt.—4s,tr.ct
Pitts.Cin.& St.L.—7s, reg
Pitts. Titus. & B.—'7s,cp
Sliamokin V. & Potts.—17j
Slum. Val.—1st, 7s, 1909
Gen’l Os, 1921
Rutland—Preferred
Revere Beach & Lynn
Tol. Cinn. & St. Louis
Vermont & Mass
Worcester & Nashua
Sun bury & Erie—1st, 7s.
Snub. llaz. & W.—1st, 5s
STOCKS, t
*
84 V
93 k
■*93*4
121;
12S*
114
116
80 34 82
121
95
96V
49
Gen., 4s, told, 1923
Allegheny Valley
Ashtabula & Pittsburg..
Preferred
Bell’s Gap
Buffalo N.Y. & Phil
Preferred
Camden & Atlantic
Preferred
Warren & F.—1st, 7s, ’90
West Chester—Cons. 7s..
W. Jersey—1st, Os, cp.,’96
113
115
113
Cons. Os, 1909
W. J ersey&At 1.—1 st,0s,C.
Western Penn.—6s, coup.
100
100
1st, 7s, 1899
Ok
Catawissa
23
1st preferred
2d preferred
Delaware & Bound Brook
East Pennsylvania
Elmira & Williamsport..
Preferred
Lehigh Valley
40
58
....
Norfolk & West’n—Com.
Preferred
Northern Central
North Pennsylvania
Pennsylvania
Philadelphia & Erie
Phi la.
Phila.
Phila.
Pliila.
Phila.
Ger. & Norristown
Newtown & N.Y..
& Reading
& Trenton
Wilm. & Balt
Pittsb. Cin.& St. L.—Com.
United N. J. Companies..
West Chester—Cons. pref.
West Jersey
West Jersey & Atlantic..
CANAL STOCKS.
Lehigh Navigation
Pennsylvania
Schuylkill Nav.. pref...
Morris—Boat Loan rg.,'85
13
2‘> ^aj I
09
Nesquehoning Valley....
Lehigh Nav.—Os,reg.,’84.
Mort. UK., reg., 1897
Cons., 7s, reg., 1911
Greenw’tVTr., 7s, reg...
..
09 k
90 |
Preferred
Little Schuylkill
Minehill & Sell. Haven...
CANAL BONDS,
dies. & Del.—1st, Os,1886
135
Preferied
Pennsylv.—Os,
51
10
39 k
00
07
00
ii'ik
00 k
07 k
00 k
cp.,
1910
Schnylk. Nav.—lst,0s,rg.
2d, Os, reg., 1907
04k
00 k
50
227e
Western Maryland
50
RAILROAD BONDS.
Atlanta & Chari.—1st
Ceil.
Ohio.—Os, Ist.M.&S.
Chari. Col. & Aug.—1st..
*44'
2d
Cin. Wash. & Balt.—lsts.
2 ds
8ds
47k
Columbia& Greenv.—lsts
17'
2ds
47
,
.
RAILROAD BONDS.
Allegli. Val.—7 3-10s, ’96' 121
7s, E. ext., 1910
Inc. 7s. end., coup., ’94
29
Ashtab. & Pittsb.—1st,Os
1st, Os, reg., 1908
Belvid’e Del.—1st,Os,1902
2d, Os, 1885
101
3d, Os,.1887
Bell’s Gap—1st, 7s, 1893. 1*1*6*
1st, t:s, i905
98
Consol., os, 1913
Buff. N.Y.& Phil.—1st,Os
2d, 7s, 1908
No.C'ential—Os, ’85, J.&J.
30
Os, 1900, A.&O
Os, gold. 1900, J. & J
5s, Series A
5s, Series B
Pittsb.&Con’olls.—7sJ&J
Union HR.—1 st,gua.J&J
Canton endorsed....—
..
121
111
Cons. 6s. 1921
1 st. Tr. e's. 1922
t Per share.
80
*1*25**
107
115~
iio*
*
9*1 *
107
99
BALTIMORE.
Inc..Balt.&Oliio—0s„’85A.&O
192 k
75
IOS3.*
RAfLR’D STOCKS. Par
Atlanta & Charlotte..
Baltimore & Ohio
100
1st pref
2d pref
Parkersburg Br
50
'Central Ohio—Com
50
113" Pittsburg & Connellsville
"22 a4
107
Os, P. B., 1890
Gen., 7s, coup., 1901
24
59 k
58
57'
Iluntingd’n & Broad Top
'Ex-dividend.
70
95
83
United N. J.—Cons.Os,’94
Cons. Os, gold, 1901
Cons. 6s, gold, 1908
PHILADELPHIA.
R AI L ROA T)
99V
107V
99 V
84
79
92
75
2d, Os, 1938
Syr.Gen.& Corn.—1st, 7s.
Ilk Union & Titusv.—1st, 7s.
TT<b
Wisconsin Central
Preferred
99'
Income, Os, 1923
Income, 5s, 1914
19
...
131
113.
118 k! 119
129
128
115
Cons., Os,g., I.R.C.1911
Imp., Os, g., coup., 1897
Gen., Os, g., coup., 1908
Gen., 7s, coup., 1008
Income, 7s, co.ii]>., 1896
Cons, os, 1st ser.,c.,1922
Cons, os, 2d ser.,c., 1933
Conv. Adj. Scrip, ’85-88!
Debenture coup., 1893Jj
Scrip, 1882
Conv., 7s, R. C., 1893..t
Conv. 7s, cp.off, Jan.,’85
j
.
ioi'k ioT*
126" j 1 nrir
'hila. Newt. & N.Y.—1 st
hil. & R.—1st,Os, 1910..
2d, 7s, coup., 1893
Cons., 7s, reg., i911
Cons., 7s, coup., 1911..
....
Preferred
Iowa Falls & Sioux City.
Kan. C. Springf. & Mem.
Little Bock & Ft. smith.
Louisiana & Mo. River..
Preferred
Maine Central
Manchester & Lawrence.
6s,cp.\87
Cons., Os, 1920
Cons., 5s, 1920
...
(120 V
105 k
122 k
129
|
101
j
Ill
7,1900
’erkiomen—1 st,
1
! Ill
1
102
TTioT"
121
122
118
,
120
Preferred
Fort Scott & Gulf
101k103
—
k;
j
Fitchburg
127V
ios” io8v
,
.....
,|
j
84k
102 k1103
122 !
City&Chio.—1st, Os..
Creek—1st, Os, coup.,
’ennsylv.—Gen., Os, reg.
Gen Os, cp., 1910
Cons., Os, reg., 1905
Cons., Os, coup., 1905...
Cons 5s, reg., 1919
’a. & N. Y. C.—7s, 1890.
......
Chic. & West, Michigan..
Cinn. Sandusky & Cleve.
(Concord
1
Connecticut River
i?i
Conn. & Passumpsic
Connotton Valiev
!
Del. Lansing& No., pref.
110
33
Eastern, Mass
121
133
124
Norfolk & West.—Gen.,0s
N. R. Div., 1st, Os. 1932
.....
Sonora—7 s
no
•
Amount.
25
20
100
1
_
iio
Rutland—Os, 1st
150
1*5
100
95
130
no
185
108
i 05
115
| 150
320
100
02 k
03
125
75
3 33
125
180
Harlem
Bl’cker St,& Fult.F.—stk
_
......
.
90
112
05
no
1
100
4s
,
Ask
2d, Os, 1904
Cons., 6 p. c
Junction—1st, Os, 1882...
2d, Os, 1900.1
k Loll. V.—1 st,0s,C.&B ,’98
I ucomo
2d, 7s, reg., 1910
N. Y. & N. England—Os..
90
Cons. Os, C.& R., 1923..
7s
:
4 io*8k 104
N. O. Pae.—1st, Os, 1920.
N. Mexico & So. Pac.—7s 118 k
1 'so. Penn.—1
st,Os,cp.,’85
Ogdensb.& L.Cli.—Con.Os
2d, 7s, cp. 1890
Gen., 7s, 1903
Old Colony—7s
Debenture Os, leg
Os
75
105
j i 16
i
Equitable
_
Mexican Central—7s
113
1
100k
110 V
20 k
Marq. HoughL’n& Onton.
Par.
Brooklyn Gas-Light
Citizens’ Gas-L. (Bklyn).
18
now..
Fort Scott & Gulf—7s
K. City Lawr. & So,—Os..
K. Cit v St, J 0. & C. B.—7s
Little R. & Ft. S.—7s, 1st
K. City Sp’d & Mem.—Gs
65
70
130
210
90
210
Bid.
Buff.Pitts.& W.—Gen.,6s
Cam. & Ambov—6s, c.,’89
Mort., Os, 1S89,
...
East’rn, Mass.—6‘s,
65
115
145
j
SECUKITIES.
Cam. & Atl.—1 st,7s,g.,’93
......
Income
Boston & Maine—7s
Boston & Albany—7s
Gs
Boston & Lowell—7s
6s
Boston & Providence—7s
Burl. & Mo.—Ld. gr., 7s.
Nebraska",
290
55
00
125
2(H)
85
121 34 122
117
grant, 7s
Conn. & Passumpsic—7s.
Connotton Valley—Os
142
115
Gas and City Railroad Stocks and Bonds.
[Gas Quotations by Geo. H. Prentiss & Co., Brokers, 11 Wall
Street.]
1st mort
Land
Nebraska, Os. Exempt
Nebraska, Os.Noii-ex’])t
210
..
122
I 142
1 125
105
2'>5
135
no
280
00
110
140
Knickerbocker
Long Isl’d (B’klyn)
100
100
j
80
70
17
10
100
100
50
50
25
100
15
50
50
100
80
Irving
Jefferson
.....
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
40
50
100
50
100
Howard
...
155
100
100
100
.
Guardian
Hamilton
2u5
100
Emp..
Greenwich
I 50
/
75
90
107
30
Germania
Globe
.
175
175
148
125
125
90
240
253
80
100
115
85
80
119
245
100
Firemen’s
Firemen’s Trust
......
4U0
1
70
100
50
100
40
Farm gilt
110
25
100
100
50
100
50
100
100
25
25
100
50
50
100
100
100
100
...
Eagle
155
113
156
108
145
105
108
144
120
120
OO
230
17
20
Clinton
Commercial
150k 'l57k
122
122 k
170
120
...
Citizens’
.
147
50
100
25
25
Bowery
Broadway
Brooklyn
145
2020 1
1 24
1
270
lOv.
100
100
100
25
25
100
100
100
100
30
50
100
75
100
CM tv
175
Ask.
BOSTON.
Ask.
Atlantic & Pacific—6s
171
100
100
25
25
100
100
25
■■oo
Exchange...
Br’dway & 7th
Bid.
Atch. & Topeka—1st, 7s.
Bid.
1
A mar.
Bid.
National.
SECURITIES.
[Prices l»y E. S. Bailey, 7 Pine St.]
PRICE.
Marked thus (*) are
not
Quotations In Boston, Philadelphia and Baltimore*
Insurance Stock List.
Bank Stock Listt
505
Virginia & Teun.—Os
8s
198
137
134
9
51
TT
113k 113 V
87 V
ioik
102 V
70V
36
10034
ios
ii7k
Vir¬
us
103 k
1*23’
103V
118
103* 103V
120
109
W.Md.—Gs, 1st, g., J.&J.
2d, guar., J.&J
2d, guar. l)3rW.Co.,J.&J.
Os, 3d, guar., J.&J
Wilm. C & Aug.—Os
109
Wil. & Wemon—Gold, 7s.
120
$ In default.
102 V
10834
108
99
102
70
35
130
110
113
} Ex-right*.
THE CHRONICLE.
50B
RAILROAD
The latest railroad earnings
EARNINGS.
and the totals from Jan. 1 to
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
ending at the commencement of business April 19:
week
given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading “January X to latest date” fur¬
nish the gross earnings from January 1 to, and including,
latest date
are
KL.RCk&Ft
the
period mentioned in the second column.
Latest
Earnings Reported.
Jan. 1 to Latest Date.
Roads.
Week
or
Mo
1864
*
97,600
March
1883:
1884.
$
S
89,615
February.. 1,167,020 1,033,534
Febru *ry..
179,236
147,069
47,709
47,981
Bur. Cert.R.& No 2d *vk Apr.
74.000
93.000
Canadian Pacific 3d wk Apr.
2 1 wk Apr.
23,955
Central Iowa
32,810
1,621,0 *0 2,024,533
Central Pacific.. March
76.481
67.204
Chesap. <& Ohio 2d wk Apr.
14.065
2dwk Apr
13.745
2d wk Apr.
164,205
163,436
Chic. Burl. A
1,971.013 1.611,021
February
2dwk Apr.
25.126
31,209
Chlc.A East. 1
Wk Mar 8
59.603
60,057
458,147
3d wk Aim
434,000
394.500
3d wk Apr.
391,600
128.400
3d wk Apr
96,600
29.573
1st wk Apr
32,532
44,633
44,965
©in.Inrt.St.L.&C. 2d wk Apr.
227.475
231,600
Cin. N. O. A T. P. March
31.228
29,707
Cin. Wash.& Halt. I‘2rt wk Apr.
10.135
9.921
Clev.AkruiA ol 2d wk Apr.
315 540
281,053
February..
1883.
266.781
if
256.661
2,339,368
2,099,328
346,307
732.638
344.959
741.073
1,018,346
957,741
...
.
...
Gr.Ba.vW.ASt.P. 2d wk Apr.*
Gulf Col.&SanFe‘ 15 dys Apr
Hous E.A W.Tex February
•HI. Cent. (HI.). J2d wk Apr.
.
Do
(Iowa)
Ind. Bloom. A W.
Ft.S.A Gulf
Kan. C. Sp A M.
Kentucky Cent’l
2d wk Apr
2d wk Apr.
1st wk Apr
1st wk Apr
3 wks Feh.
JL Erie A West’ll January
Smith March
L.Rk.M.Riv. A T. March
..
.
.
5,876 800
1,506,100
381.691
598.139
574,181
451,481
119.641
Commerce
4-3,173
6,053,350
5,996.509
Broadway
1,332,593
3 9,6 / 4
<
648,788
567.322
50 >,7*5
138 676
(>riental
71.2 )5
15.0(3
53.197
16,824
29.600
4,548.180
101,004
5,074.078
58,325
462.878
21,788
130,906
50,741
2,852,200
495,034
46,637
38,769
54,447
30,461
463,600
733,773
3,120,177
532,380
828,509
620,715
502,966
35.400
45.413
40.737
17.140
29,027
87,(538
43,817
47,117
51.200
248,040
24,331
31,785
bl.948
'11,162
8,100
18.100
11.560
10,915
21.525
694,015
305,530
80,300
195,423
701,812
263,078
75,200
8,408
373,933
192.922
217,578
33,751
123,572
48,047
32,598
43,187
49,600
214,769
20,896
20,806
45,167
77,675
82.936
87,638
123.572
119.928
132,630
82,333
58 4.006
104.238
554.3 40
51,200
49.600
4,001,428
3,940.383
57,775
63,443
369.331
490,076
217,500
101,260
140,5 10
10,100
19,535
312.790
229,919
539.584
604,306
107,648
499,278
2.505,740
820,388
121,090
262,839
191,007
569,301
598,815
16.473
483,392
2,808,485
840,3 (3
211,778
704,296
180.598
1.492,983
199,899
769.331
Ohio <fc Miss
3d wk Apr
2dwkMar.
21,923
10(5,921
Gregon & Cal...
Oregon Imp. Co
Oregon R.&N.Co
Pennsylvania...
61.997
139,790
57,3 )0
137,491
February..
264.192
264,192
238.507
238,507
January
233,238
486,877
187,503
611,838
February..
4,002,627 4,189,380 11.003,593 11,830.952
March
Do
(brehs.) 2 1 wk A nr.
St. Louis & Cairo 4thwk Mar
St. L. Ft. S. A W :d wk Apr.
St.L A San Frail, id wk Apr.
St. Paul & Dul’th !d wk Apr.
St.P.Min.(fe Man March
South Carolina
February.,
So.Pac Cal .N I). January...
.
Do
So.
Do
Arizonajj
Div.||
Do N. Mex.jj
Tex. & Sr. Loui-d
Tol. Cin. & St. L.
Union Paoific...
Utah Central.
204,547
1,271,023
2,987,200
296,190
1,322.158
January...
January...
January...
2d wk Apr.'
§12,640
27,267
17,330
5,173
Germania
United States....;
Lincoln
Gartield
Filth National....
16,763
23,735
14,249
1,461,453
1,935,799
1,127,873
241,601
'
211,780
353,459
110.661
289,666
12.640
398.692
233,246
181,004
615,403
3,062,637
1,374,538
1,086,619
270,837
274,467
354.862
84,844
96.257
16.763
417,687
214.582
8,353
59,985
80.098
8,673
3,429
43.760
79.900
20,115
66,500
17,722
137,946
1,312,901
700.100
144.054
79.413
310,257
729.813
166,069
54,834
18,805
83,641
180,001
310,257
166,069
56.574
04,834
149,758
86,989
299,733
61,598
February'..
February.. 1,547,969 1,673.224
98,880
75,433
February..
43,803
38.900
Vicksb’rgAMer. March
4 156
Vioksb.Sn APac. March
7,600
"West Jersey —I February..
67,186
62,056
Wisconsin Cent’liMarch
138,517
135,702
..
•
260.531
1,556.534
262.899
79,4 3
1,059,976
273,304
1,609,189
279,190
86,989
299,733
180,001
56,574
213,010
177,185
3,086.877
150,716
111.601
125 139
3,590,078
198,061
140,009
37,812
25.773
136,486
367,312
123.376
316,465
Includes Southern Division.
a Freight only.
1 Embracing lines in Missouri, Arkansas and Texas.
I Not including earnings of N. Y. Pa. & Ohio road.
§ Snow blockade.
II lnchides Southern Kansas lines in both years.
|| Included in Central Pacific earnings above.
132,000
242.600
11,400
360,400
4,713,000
2.509.700
2.132.400
1,948,000
1,096,600
5,175,000
1.259.800
268,000
3,203,000
8,537,000
3.431.400
223.200!
2,852.600!
111,0011
185.700
2,481,800;
857,800
900,000
373,600
180,606
46,000
5,400
433,200
450.666
3,499,000!
4.529.400
7,507,300!
0
2,181,000'
219,000
5,134,000'
1,090,600
1,370.100
166,600
23,647,900
23.949.300
1,670,000
1,570,000
999,200
18,778,700
9,417,000
4,174,000
6.210,609
10,212,200
4,619.000
1.409.200
1.958.100
2.412.100
2.311.800
5.714.100
2.670.100
2,555,000
211,000
156.200
1,1 13.200
1,378,000
646,000
527,400
606.300
559.300
227.500
258,900
681.100
79,800
255.700
78,3 K)
355,000
402.800
67,700
150.7e0
4431300
328,000
1,305,000
263,500
2,449,500!
172,000
377,000
112.000
923,000
4.095.4(H)
754.000!
602.500
113,000
1.211.200
522, m
12,20(
280.700
192.700
268.700
2,271,000
152.000
808,600
125,600
1.210.800
2,166
282.666
1,295,300
45,000
223.900
360,000
297,000
45,000
669,000
449.900
276,666
221,300
180,000
45*,666
5.656.200
2.561.100
448,900
45,000
178,400
135,000
347,324,900 60,750,400
26,981,500j)40,661,300! 14,463,300
following ar& totals for several weeks past:
Loans.
Specie.
L. Tenders.
Deposits.
$
$
$
$
Circulation Agg. deadgt
$
$
Apr. 5 347,600,500 61.950.200 28,246,000 343.969.300 14,391.700 690,816,010
12 348,421,000 63.864.200 25,840,300 314.352.300 14,339.400 576.-04.20J
19 347,324,900 60,750.400 20,981,500 340.061,300 14,463,300 652,880,160
-
“
Boston Banks.—Following are the totals of
1884.
Loans.
|
$
1
Apr. 7
146,227,500
“
“
L, Tenders.
Specie.
145,462,900
Philadelphia Banks.are as
Apr.
4,473,600
the Boston banka:
Deposits.*
Circulation
$
$
Agg. Clear*gt
$
71,908,147
65,350,584
07,438,894
90,678,600 23.917.900
90,275,80 * 24,040,800
97,055,100 23.980.900
-The totals of the
Philadelphia banka
follows:
7
Loans
Lawful Money.
Deposits*
$
$
$
80,452,233
18,681,123
Circulation. Agg.
“
$
57.954,753
44,374,281
58,314.121
71,754,147 • 8,752,253
72,121,750
8,528,352
8,526,723
72,312,654
14
21
Clear
$
19.613.948
79,432,240
19,614,377
79.217,385
Including the item “ due to other banks.”
*■
*
$
6,119,400
4,821,100
$
6,200,300
6,039,100
6,061,200
145,794.000
14
21
1884.
215,513
462,265
2,736,689
1.650.500
2,026.500
1.888.900
2.650.400
2.143.200
Total
The
4.986.200
219,20(
45,0(K
2,6(H
6.8,000! 10,045,100!
412.000
3,161,000
423.500
769,00(
2.485,2001.309.100
501,70')!
299.800
1.072,200
283,50(
9,6 •'9,000
1,2 19,100 • 15.654.300
5.628,700
289.100
402,600! 7.710.400
164,700' 2.499.900
343,400'
2.942.900
313,000' 4.621.800
157,9001
1,844.600,
337.200
3,598,900!
439.800
3,739,•'()()
6.17#,800
16,049,300
Fifth Avenue
G - rmau Exch’nge.
*0|
93.000
8,358,000
Bowery
N. Y. County
G rman-Atneric’n.
Chase National...
271,316
..
.
1.839.900
988,000
979,300
690.100
1.506.400
52 *,000
...
105,143
295,683
February..
February.. 1,236,940 1,453,862
February..
765,402
956.779
923,319
February..
Richm’d(fcDanv. 2d wk Apr.
84.400
72,200
Ch. Col.& Aug. 2d wk Apr.
a8.060
(19,900
■ColumbiaAGr. 2d wk Apr.
10.560
7,776
a!3.07l
Va. Midland
1st wk Apr
al7,39l
West. No. Car. 2dwk Apr
5,5)3
8,013
Roch. A Pittsb’g 3d wk Apr.
21.201
7,328
Rome Wat.& Og. March
133,163
120,62 4
2.891.900
577.000
113.900
711,000
0,282.000
2.287.500
793,200
2.798.800
317,1001
140,600;
1.929.800
428.300
1,453,000
749.300
117,200
5.392.800
Central National..1
Second National..1
Ninth National...
First National
Third National
N. V. Sat. Exch..
1884.
109,306
34,833
13,978
291.800
4.458,000 1,097,000
21.193,300' 5.001.100
i
Pai k
19,02 7,400 j 4.539.100
366.100
I
Wall Street
1,056,000
32,000
No tit River
I
1,502,000
K5.4O0
i
1,' 90,900!
East River
Fourth National..; 17,335,400' 3.666.100
431,256
117,837
34,103
46',564
344.100
12.525
246,065
113.800
Importers’A Trad.
338,970
136,222
135,850
506.865
146.7 JO
16.543
409.200
257.600
270,000
13,958,800
105,900!
Marius
184.417
15,037
26,200
320,1 40
7,0 17
(34,082
2(5,899
209,500
118.0
3 9(5,200
3.293.000
...
176,000
49,800
193.900
597.800
970.300
J44.400
11,239,000
2.863.300
2.584.800
2.712.300
2.914.400
Metropolitan
869,900!
1.100
„
1.396.400
845.800
357,6001
590.600
377.900
4.043,500
1,247,300
1,555,200
3,145.000
2-9.04 5
76,9 74
6t.Johiisi».<feL.C. Jauuary...
St.L. Alton AT.H. 1 at wk Apr
...
1L no'ver
Irving
786,068
71.704
...
North America
249,100
765,66 3
N.Y.Susq. (fewest March
Norfolk & West. 18 dys Apr
ShenandoahV 18 dys Apr
Northern Centr’l March
Northern Pacific 3d wk Apr.
2d wk Apr.
Peoples’
127,200,
96,400
330.100'
414,200'
2,449,000! 1.770,000
4,080,300
1.500.500
3, •63,900
9.551.200
Chatham.
21.830
..
Peoria Dec AEv.
Phila. & Erie
Phila. <fc Read’g
Do
Cent.N.J.
C. & Iron
Do
Pacific
Republic
267.601
69.9 IS
13.00 l
56.128
921,297
1,010,600
3.264.700
1.269.200
4,283.000
11,339,000
19,300,300
b, 610,900
8.353.600
2,681,000
6.950.400
2,056,-00
314,009!
3.441,800!
357,306
3.834.600
113.500
436.600
450,000
7,108.00 )
7.115.100
7,301,000
835.100
501.000!
240,000
587.500
520,000
tion.
$
9.678,000
647,000
1,617,5001
344.400!
7.157.600
2.251.800
3.504.600
19,509
457,535
5,774
626,706
28,961
1,029,700'
1.330.400
9(0,000
..
244,293
25.740
870.071
832,000!
4.369.900
10,584,900
3.043,000
7.417.700
3.192.500
1,6 i 5,500
14,2 27.500
3,257,100
4.870,000
1.912.900
Mercantile
368.310
556,49 1
14,203
96.491
107,548
Minn. & St. Louis February.
March
188.899
184.844
Mobile & Ohio
206.819
206,164
Nash. Ch.A St.L. March
N.O & Northeast' March
33,110
7,48 3
N.Y. & New Eng!February..
237,711
252,513
N.Y.L.Erie A W. \1 February.. 1,233,409 1,283,616
N. Y. Pa. <fe O. February
‘
386,742
388,118
Ohio Central
Tradesmen’s
Fulton
Chemical
Merchants’ Exch.
Gallatin National..
Butchers’ A Drov..
Mechanics’ & Tr...
Greenwich
Leather ManufTs.
Seventh Ward
State of N. Y
Americ’n Exclt’ge.
8,866.000
Circula¬
'
892,000
1,287,9-(Of
7,370,000
3 M,lll
25,098
.Long Island.... 3d wk Apr.
Lta. A Mo. River January...
jjOuiev.&Nashv. 3d wk Apr
far Hough.A O. March
jtfemph. AOharl. 1st wk Apr
ifex.Cent., So.D. 4tkwk Mar
Northern Div 1st wk Apr
Mex.Nat., No.D. 3d wk Apr
Southern Div. 3d wk Apr.
Other lines.... 4thwk Mar
Milwaukee A No 2dwk Apr.
Mil. L.Sh.(feWest. 3d wk Apr.
5.961.000
8,041,000
....
City
450,774
1,573,000
1,073,000
lO.lbO.OOO
29,690
6,954
26.849
E.Tenn.Va.AGa. I'.stwk Apr
Evansv. & T. II. )2d wk Apr.
Flint & P. Marq. 2d wk Apr.
2d wk Apr
1M arch
Wk Apr. 12
Grand Trunk
2,236,426
3,619,233
398,831
521,636
968,321
183,582
2,190.986
3,236,701
Net Deposits
other
than U. S.
Legal
Tenders.
$
New York
Manhattan Co
Merchants’
Mechanics’
Union
America
rhenix
81.301
|2
i wk Apr.
'1st wk
March
179,620
5,238,166
Loans and
Discounts.
92,009
iFebrua y..
13.5 U
391.780
|2dwk Apr
4,591,000
9 09,593
Average Amount of—
Citizen’s
Nassau
Market
St.’Nicholas
Shoe & Leather..
Corn Exchange
Continental
[February..
Apr
Eastern
[vol. xxxvm.
Unlisted Securities.—Following are latest quotations
week
for a
past:
A 8k.
Bid.
Securities.
Am. S )fe Dep.—Perp.deb.
Atlantic A Pac.—6 s, 1st M
Blocks, 35 p. c
Cent. Div , old
Cent. Div., now
Accumul. land grant
Boat. H. A E.—New stock
Old stock
Boat. H.T.& West.—St’ck
Debentures
Buff. N. Y. A Phila
Prof
Trust bonds, 6s
California Pacific
..
Cent, of N. J.—Debent
105
894
96s4
_
4
4
54
57 4
12
25
2d mort
1st M„ endorsed
Receiver’s cert
Mahoning Coal A RR
Mexican National
Pruf
1st mort.
Mo. Pacific—Oowdry
92
14
20
96 4
4sq
8
5
5
25
124
24
254
4
North. Pac.—Div. bonds..
| North ltiv. Cons.—100 u.c
V Ohio Cent.—Riv. Div., 1st
Incomes
8
Pensacola A Atlantic 1st.
604 Pittsburg A Western
14
1 1st
mort
Telegraph—Stock,
1st mort., 6s
Postal
j
4
10
ctfs. \
|
70
1334
Keely Motor
Lebanon Springs—1st M.
90
20
70
40 4
8
56
53
Postal Tel. A Cable— Stock
St. Joseph A Western
St. Jo. A Pac., 1st mort.
Kans. A Neb., 1st mort.
State of Tenn.—Set’m’t.3s
settlement, 5s
Settlement, 6s
Tex. A Col. 1
o
p.—Ex-bon<l
16
Texas Pacific—Old scr p.
964
New scrip
Tex. St.L.,M.AA.div.,as.p
M. A A. Div., 1st mort..
M. A A. l)iv., incomes, as p
6s, 1st mort., in Texas..
49
10
T.
15
49 4
94
80
N. Y. M. Un. Tel,-Stock.
N. Y. W. Sh. A B.—Stock.
Norfolk A West.—Deb m..
1
68
13
85 per ceut
Denv A Rio Grande—Cons
39 4
5;j
7
Denv. A Rio Gr. \V
52
1st mort
50
G *ar. by Den. A Rio G.
Edison Electrio Light.... l(*0
Georgia Pac.—Stock
1st mort., 6a
Bid.
Securities.
|
G**n.
1st, ldgr. A inc. asp.
U. S. Electric
3 4 :Vicksburg A
Pref
25 78 1 lntinort.
74 i 2d mort
Light
Meridian...
86
56
94
81
75
'
144
24
4
15.
25
4*
774
21
*36’*
88
6
904
74
664
564
16
......
'554
16
18
97
ASH
95
47
6 OH
79
95
T
404
40
37
37
55**
62"
*94
34
9
60
-
April 26
1884 |
THE CHRONICLE.
JmrestmeitTs
1883.
Add amount received from the
International
Bridge Company
AND
RAILROAD
507
*38,277
*19,616
24,266
13,958
6,177
13,732
2,363
15,399
18,193
12,329
*683,124
*662,798
Amount received from tho
Chicago & Grand
Trunk Railway
Interest on Wellington Grey & Bruce
bonds
held by tlie company
INTELLIGENCE.
The Investors’ Supplement contains a
complete exhibit of the
funded Debt of States and Cities and of the Stocks and Bonds
Interest on capital temporarily
employed, &c.
Dividend on Detroit Grand Haven & Milwau¬
kee shares
of Railroads and oth er Companies. It is published on the
last Saturday of every other month—viz.,
February, April,
June, August, October and December, and is furnished with¬
out extra charge to all regular subscribers
of the Chronicle.
Extra copies are sold to subscribers of the Chornicle at 5'J
cents each, and to others than subscribers at
$1 per
From this amount of
£083,124, the
interest and rents have to be deducted :
stock, £193,369; rents, £82,197; interest
copy.
1882.
following charges for
Interest
on
debenture
bonds, loans, &c.,
on
£45,935, making £321,501; leaving a net revenue balance
of
This balance of £361,623, divided in
accordance
with the provisions of the deed of
union, yields, in the propor¬
tions of 70 per cent to the Grand Trunk
Chicago St. Paul Minneapolis & Omaha.
share capital the sum
ol* £253,136, and of 30
{For the year ending Dec. 31, 1883.
per cent to the Great Western share
capital the sum of £108,486. The
A copy of the annual
report of this company was obtained appropriated to the Grand Trunk amount of £253,136 thus
share capital, added to
just as the Chronicle was going to press. Tiie remarks ac¬ £2,850, the undivided
surplus on the 30th June, 1883, makes a
companying the report will be found at length in the next total amount
available for dividend of
£255,986, which will
number, but we give below our usual comparative tables for
permit of the payment of the full half-year’s dividend at the
three years:
rate of 5 per cent per annum on the first
and second
ROAD ANI) EQUIPMENT.
stocks, and of a dividend at the rate of o'4 per cent preference
per annum
1881.
1882.
on the third
1883.
preference stock, leavinga balance of £1,032 to be
Miles owned and operated
1,003
carried forward to the next
1,150
1,280
half-year’s account.
Locomotives
125
165
The amount of £108,486
181
Passenger, mail and express cars.
appropriated to tliaGreat Western
89
96
113
share capital will permit of the
Freiglit ears
3,488
payment of the full half-year’s
4,639
4,841
All other cars
dividend on the Great Western 5
10
16
"16
per cent preference stock,
and of a
ANNUAL
*
REPORTS.
Includes two transfer steamers and
OPERATIONS AND
Operations—
dividend at the rate of 3 per cent
per annum
Great Western ordinary
bar go pile drivel*.
FISCAL RESULTS.
one
1881.
622.819
38,706,8 ,)0
Passengers carried
£361,623.
total of
1882.
821,436
53.75 3,630
2*45 ets.
850,716
57,330,593
1,120,776
$758,095
1,29 2,114
30.),049
on
the
shares, which will absorb together
£104,395,
a
1883.
Grand Rapids & Indiana Railroad.
{For the year ending Dec. 31,
2*58 ets.
1883.)
1,476,129
1,916,931
The annual report
1,748,912
says that “ in the ten years which have
207,790,338 275,821,581 ‘2 68,673,769
elapsed since the road was transferred to the stockholders
1*40 ets.
1*26 ets.
1 *43 ets.
by
the construction
company, the annual earnings have somewhat
$944,329 $1,311,217 $1,470,558 more than doubled ; and for the
year 1883 they are the largest
2,913,521
3,478,024
3,843.943 in tlie history of your
company. The amount would have
164,111
172,361
200,778 been still
greater but for the numerous difficulties which
have
$1,021,961 $1,962,202 -$5,515,281 affected us, in common with
many other roads in the West.
During January, February and half of March we were much
$58 3,0.53
$657,463
Pas sen ire r mileage
Rate pci* passenger per mile
2*43 cts.
Freight (tons) moved
Freight (tons) mileage
Average rate per ton per mile
Earnings—
Passenger
Freight
Mail, express, &o
Total gross earnings.
Operating expenses—
Maintenance of way
Motive power
897,416
272,489
Maintenance of cars
Conducting transportation
293.786
753,966
troubled with drifting snow.
In June and
floods destroying many hundred feet of
July
we
had
track, and taking
861,073
away some of our bridges—among them that
General expeuses
176,691
crossing Grand
242,322
Taxes
202,610 River at Grand Rapids.
We immediately replaced the latter
142,484
172,474
200,886 with a
temporary structure, and have since built a permanent
Total expenses
*.
$2,776,462 $3,240,787 $3,623,827 bridge, raising it five feet above the former
leveL* ’ *
*
*
Net earnings
‘‘The Allegan & Southeastern
$1,245,499 $1,721,£15 $1,391,457
Railroad, with its 12*78 miles of
Per cent of oper. ex. to earn
69*03
6o*31
65*70 track, passed from under your control, and is to be deducted
INCOME ACCOUNT.
from tlie mileage reported for 1882.
Receipts—
1831.
1882.
“We have sold
18
?3.
Net earnings
during the year 21,050 acres of farming land,
$1,245,499 $1,721,415 $1,891,457 for
Net from land grants
$183,291. The sales have decreased considerably,
504,144
546,825
but were
547,777 made to actual
Other receipts
settlers.” * * * “There have been
78,585
614
purchased
with
proceeds of land sales $1,242,000 of bonds, and incomes
Total income
$1,828,228 $2,263,884 $2,439,234 issued in
Disbursements—
place thereof. The total amount of incomes out¬
Rentals paid
$53,059
$27,736
$35,564 standing at the end of the fiscal year was $2,339,000, and of
Interest on debt
893,536
1,014,530
1,068,747 interest bearing bonds, $5,661,000.
Dividends on preferred stock
672,737
735,397
‘In April last suit was
770.476
Rate of dividend
brought by the Pennsylvania Railroad
(7)
(7)
LoiS on prop, roads
(7)
Company,
and an injunction asked to restrain year
12,357 from the
company
payment of interest coupons until the status of those
Total disbursements
$1,619,332 $1,777,663 $1,887,144 held by that
company should be determined. In consequence,’
Balance surplus
$208,896
$491,221
$552,090 those falling due in April, July and October,
1883, and Jan¬
GENERAL BALANCE AT CLOSE OF EACH
FISCAL YEAR.
uary, 1884, are still unpaid (Dec. 31, 1883), but the funds
Assets1881.
1882.
1=283.
necessary for this purpose are ready for application at
Railroad, build’gs, equip, &c.... $41,441,154
any
$47,086,138 $-49,993,541 moment that the
Stocks aud bonds owned, cost
question may be settled. The tripartite
3,432.117
1,018,741 *1,017,426
Advances.
agreement, under which the Pennsylvania Railroad
250,305
1,123,804
I 453,986
Bills and accounts reccivabl.
Company
has foreborne to press its
t394.616
t354,923
claim, expired by limitation January
1388,375
Materials, fuel. &c
44 5,907
722.383
Cash on band
595,163 1, 1883, and your directors have been, and
are, anxiously con¬
632,496
850,963
1,155,239 sidering the
Minn. East, bonds (guar.)
adjustment of the large debt due that
75,000
75,000
75,000 now
company,
Miscellaneous items
4,727
amounting, with interest, to over $3,000,000.” [An adjust-,
4,727
ment
Total assets
subsequently made and back coupons paid in April.]
$46,676,322 $51,241,634 $53,679,030
i
‘The proportion of operating
Liabilities—
expenses, including betterments,
Stock, common
is
72 per cent, which is a decrease.
$17,205,333 $18,573,233 $18,559,760
After paying
Stock. preferred
operating
'9,848,333 10,759,933 11,259,933 expenses, betterments and losses upon
Funded debt (see Supplement)
all lines operated, ana
17,790,175 19,509,488 21,086,620
Bills payable
deducting all interest, we show a net profit of $120,161.
72,497
32,460
16,230
Minn. East, bonds (guar.)
“The business for the
*75,000
75,000
coming year will most probably be
75,'RjO
Coupons and accrued interest....
influenced by the depression
245,704
234.044
24 4,074
existing throughout tne country,
vouchers, pay-rolls and taxep
660,923
768.229
587,069 which began to affect us early in November
Dividends
; but our situation
168,310
188,523
197,533
is
Income account balance
at present more hopeful.”
609,547
1,100.769
1,652,861
699,329
.
....
‘
....
•
>
‘
..
'
'
*
Total liabilities...
EARNINGS AND
$46,676,322 $51,241,684 $53,679,080
*
8t. Paul Union
Depot stock,
St. Paul & Duluth Railroad
«toak, $7 i6,5l2; Miun. E ist. HR. $85,400;
st >ck,
Oin.-stock and bonds, $49,882; town $15,000; ObiC. St. Paul Minn. <fc
bonds, $6,000; Mervomonie RR.
hoods, $74,833; Eau Claire RR. bonds. $20,799.
f '
*vi
11 j88L land department had $ l .104,3 43 bills Receivable not
this balance
given in
sheets; in 1882, $1,369,961; in 1833,
$2,206,493.
j
The
Grand Trunk of Canada.
(For the half-year ending Dec. 31, 1883.)
half-year ended the 31st December,
1883, have been published in London. The
following is a state¬
ment of the revenue
account, compared with that of- the cor¬
-*«Hh
wosareceipts
n
in' 1882:
1883.
.
working
........*1,398,066
expenses, beinsg at the rate of 69 33
^Percent, agamst 67*99 per cent in 1832....
Met.
1883.
792,051
25,057
28,426
2,250
17,762
26,045
3,668
Express
Mails
Hire of
ears
Telegraph
Interest and rentals.
Miscellaneous
':-1832.
:
Expenses—
;
Conducting transportation.
Motive power
Maintenance of way
Maintenance of cars
General expenses
^
1,271,900
*582,179
*599,133
Total.:.........
Net earnings
Per cent of op. ex. to
earnings
1892.
$1,396,630
760,500
29,174
23,538
1,576
17,500:
24,7294
6,640
$2,332,133
$2,260,291
$406,839
$399,093
483.474
453.105
*1,871,033
1,315,887
eA>EN8ES.
$1,436,873
Total
accounts for the
responding period
Earnings—
Freight
Passengers.
205,078
125,440
446,632
524,805
194,872
112,832
$1,678,939
$653,194
$1,678,236
72 p. c.
74*25 p. •.
$582,054
of land yet unsold ; Dominion of Canada guarantee of
on stock outstanding for ten years from
acres
INCOME
Net for 1883
From which
ACCOUNT,
shown in foregoing
deduct interest on
Interest for 1883 on
Prolltin operating
note held
1883.
interest per annum
$353,194
table was
funded debt
$3,097
T\ A M. R. R
M. R. li
12,01 L
$120,121
in operating ex¬
$190,162
penses were
Assets.
Cost of road,
Ac., to date
equip.,
ACCOUNT DECE.M1JER
I
31, 1833.
Liabilities.
I Capital stock
$13, 267,016 Funded debt
'bonds (aux¬
iliary roads)
.
G. R. I. Sc M. RR , con¬
struction account
Due* by other compa¬
Stock and
nies in current acct..
Amount due by agts.
and conductors
Amount due
Accounts payable
111,689
258,712
fo other
companhs
29,061
j
57,175
4,992
Net
GENE UAL
$15,000,000.”
17,823
19,250
W. R. R..
surplus profit for year 1883
The betterments in 1883 included
complete the Canadian Pacific Railway from ocean to
780 miles remain to be built. To accomplish this the Can¬
adian Government has bound itself to pay $27,710,000, as fol¬
lows: In subsidy, $12,710,000 ; by loan
at 5 per cent*
To
ocean
.$177,296
road for 1883
Penn. Co
Bond and mortgage on
Chesapeake & Ohio.—The
ings and expenses for
lows
25.766
153,401
444,667
comparative statement of earn¬
February, and for two months, is as fol¬
:
F
February
/
,
*1883.
1834.
,—Jan. 1 to Feb. 29.—,
18-4.
1883. *
Earnings
Expenses
$266,072
$253,446
$*-46,693
414,063
$505,415
Net
earnings.. $67,022
$60,775
$132,632
$101,030
—St. Louis Jacksonville &
Chicago.—
$4,985,031
8,009,000
'
Bills payable held by
3 percent
November
1883.”
$119,995
by Pennsylvania Co. 25,902 47o,897
From which deduct—
Loss in operaring JL V. L.
Loss in operating G. R. I. Sc
Interest on G. R. f. Sc M. loan
Interest on advances to C. R. Sc Ft.
Advances to C. R. Sc Ft. W. R. R
[Vol. XXXVIII.
CHRONICLE.
THE
603
199,043
Chicago & Alton
192,670
Notice of the consolidation of the Chicago &
Louis Jacksonville & Chicago railroads was
404,384
Alton and the St.
sent to the Stock
Exchange Thursday. The notice, which was posted in the Ex¬
change stated that on April 14 an agreement was made between
stock of the Chicago &
Preferred stock, not to
2,002,988 exceed 10,541 shares additional; common stock, not to exceed
Cash on hand
Penn.
Cash loaned on call....
137,502 10,746 shares additional.
542 !
This new stock will be exchanged
Co
'Bills receivable
for an equal number of the shares of the St. Louis Jackson¬
129,585 ; Coupons matured and
Supplies on hand
172,375
not paid
ville & Chicago.
Tru stees Mack in aw
This union of the two voids has been under
13,064
sinking fund
consideration for more than a year, and the plan has already
Total
$15,949,282
Balance from protit Sc
received the assent of tho'require l majority of stockholders.
1,542,003
loss account
The Stock Exchange is asked to list the new stock.
Total
$15,949,282
Chicago k Northwestern.—The following circular has been
Ashtabula k Pittsburg’ Railway.
issued from the New York office under date of April 15, 1884.
“The annual meeting of the stockholders and bondholders of
{For the year ending December 31, 1883.)
this company will bo held at the company's office in Chicago
This road is leased to the Pennsylvania Company-, and from
make
Thursday, June 5th next at 1 P. M.; and a special meeting
lessee, the direct?
the report of operations given
of the stockholders will also be held at the same place on
tlieir annual report :
Thursday, June 20th, 1881, at 11 A. M., pursuant to notice on
'ENSES.
real estate
20,678 i Coupons held by
276,839 |
RR. Co
300,(.09 | Coupons held by
27.500
Penn.
>rs
....
Operating expenses
Hire of equipment; for 1‘2
1883.
1882.
$155,381
holders of th° pt-oeks and bonds of this
roads in the State of Iowa, including the
and Missouri rivers, is operated under
"It is well known to most of tlic
any that a portion of its
main lino between the Mississippi
com
,h99
32,91 1
2,337
2,710
5,139
perpetual lease, the annual rental paid therefor being a percentage of
the gross earnings, and varying from year to year with the amount of
business. These lines consist of the Chicago Iowa Sc Nebraska Railroad,
$ 147.0-s 7
$343,195
$254,980
28,374
$231,-87
39,60-L
2,733
1
months
inclosed proxy :
61,082
83,593
95,09 1
Mail
Miscellaneous
on
$224-.814
80,5 14.
coal, tons
Merchandise, tons
Passengers
Express
From
the two lines named by which flic capital
Alton shall he increased as follows :
428
Rapids A Missouri River Railroad and the Maple River Rail¬
road, whose .aggregate length is4S7h7lnn mile--. 27 fhiies of
road having been c -mple ed last year,
l'iie total rental for theyear
ending Dee! 31 last amounted to $1,558.753 25. and would have
greater bad all of the Maple River road been in
“An airangement has been made, based upon actual results of oper¬
ating, by which, it is-believed, the mutual interests of this company
the lessors of these roads will b », promoted, for the transfer of the owner¬
ship of the leased roads to the Chicago Sc Northwestern
the Cedar
19,683
151
operation.
the latter
been
and
Net earnings lor the year
Railway Com¬
pany.
The operating expenses in 1883 were 03 per cent of the
The agreement provides that this company shall assume the bonded
indebtedness of the leased roads, amounting *;o $1,915,109, and shall
gross receipts ; in 1882, 73 per cent.
tlieir capital stocks, paying therefor in the common stock of
Net earnings
$163,403 purchase
ihe Chicago Sc Northwestern Railway Company, amounting to 147,575
Deduct payment of interest for 12 months Gliding July 31,
the annual charge upon the bonds and stock so assumed and
1883, on $1,500,000 6 per eent bonds of the company
90,000 shares,
issued (thestock at 7 per cent) would amoiuG to $1,389,4)32, or $169,25|less than the rental paid last yoa~. This saving is in addition to
$73,403 071
Leaving balance to credit of income account for the year
the annual conce^i m wlii'di has been grante l for several years past on
As per Treasurer’s.statement the balance to credit of said ac¬
rental of the Chicago Iowa & Nebraska line. The possibilities of the
count December 31, 1882, was
30,797 the
removal of this concession and the enforcement.of the full amouutof
annual rental earned under the lease are in the power of the lossors, but
Making a total to December 31, 1883, of
$104,200 such
exaction would become so onerous^to this company as to lead to
ions ditlieulties between it and the lessors.
This e uise of apprehen¬
The following extraordinary expenditures were made during
sion will he removed by the proposed pureh is-\ and the way will be
the year, viz.:
clear for this company to receive the full hemdit of having the largo
expenditures and improvements made, on leased roads, which, under
Payment for extension of docks and re-adjustment of
tracks at Harbor, at Ashtabula, O See
$50,990
grave contingencies of default,might be subject to forfeiture or abandon¬
ment, secured to its own roads.
Payment of note of the company, dared November 30,
"A positive addit'onal advantage will accrue to thiscompany by arrest¬
T881, on account of purchase money or "Strong
farm” at Ashtabula (leaving still due thereon
ing the future increase of rental coming from the already large and con¬
stantly increasing business fed into the leased lines from roads con¬
$15,000)
5,000
Payment on account of right of way
25 $56,015 structed by this com|••anv in Iowa; and a further benefit will ultimately
ensue, at the matiir.ty of the existing bond d debts of the leased roads
“The
extraordinary expenditures incurred during the
bearing 7 per cent iuteiest, by funding them at a lower rate of
interest.
*
past year have increased the debit side of your expenditure ac¬
‘‘These leased roads and their principal owners also control tributary
count to the amount above stated, which, however,gis a com¬ roads in Iowa and Nebraska, consisting of the Sioux City A i’acilie, the
pensating advantage, ought to enlarge the earning power of Fremont Eikhorn Sc Missouri Valley, aud the Missouri Valley A Blair
your road and materially affect its future economical main¬ Railway and Bridge Company at 1 he crossing of the Missouri River, in
all 418*4-100 additional miles of ro id,-now in operation ; and the agree¬
tenance.*’
ment of purchase of the lease l roads covers also the acquisition of these
tributary lines,by the purchase and transfer ol‘ all or nearly all of tlieir
capital stocks, payment therefor to he made by the. issue of $1.908,030 of
5 per cent twenty-live year debenture bonds of this company, to be
GENERAL INVESTMENT NEWS. ,
taken at par by the stockholders of the Fremont Eikhorn Sc Mi-souu
Valley Railroad Company.
n
The total amount of railroad, leased and tributary, thus acquired will
Atchison Topeka k Santa Fe.—At Topeka, April 24, the
annual meeting of the stockholders was held. A hoard of direc¬ he 906 ;5-b0o miles, and the aggregate cost will be repre.-ented by
Bonds anil obligations assumed.
$Ll, I49,600
tors and officers for the ensuing year was chosen as follows :
Chicago A Northwestern Railway Co. 5 per cent debentures
1.9 B.bOO
Directors: J. T. Burr, B. P. Cheney, of Boston; C. K. Holli¬ Chicago A Northwestern Railway Company common stock-. 14,757,509
day, of Topeka: S. A. Kent, of Chicago : T. Nickerson, A. W.
Total
$27,875,100
Nickerson, C. J. Paine, of Boston : L. S. Every, of Emporia; Being at the average rate of $30,753 per mile.”
Alden Spear, G. O. Shattuck, of Boston : B. F. Stringfellow,
of Atchison : AV. B. Strong and A. E. Touzalin, of Boston.
Cincinnati Indianapolis St. Louis k Chicago.—A dispatch
Officers: \V. B. Strong, President; A. E. Touzalin, Vice- from Cincinnati, April 20, said: “The directors of this company
President : B. P. Cheney, Chairman of the board of directors ; have approved the sale of an interest in the Grand Central
E. Wilder, Secretary and Treasurer.
Station to the Baltimore & Ohio and the Cleveland Columbus
Cincinnati & Indianapolis, making the three roads equal own¬
Canadian Pacific.—Copies of the annual statement respect¬
ers.
This relieves the company from making special provision
ing the Canadian Pacific Railway, made by Sir Charles Tupper, for the
payment of its floating debt, and the committee ap¬
the British Minister of Railways, have been received.
The
pointed
to
issue preferred stock for that purpose has been dis¬
position of the Canadian Pacific is briefly stated as follows :
charged.”
Liabilities—$7,509,0< 0 received frem the Government, bearing 5
Denver & Rio Grande.—The directors of tin’s company
per cent interesr, payable 1891 ; $1,381,000 5 percent land gran? bonds
unredeemed; $7,38c,000 payable in 18S8 to the Fan idian Government;
met this week in New York and re-elected President Lovejoy
$55,00« .0oo of common stock sold and distributed, netting lhe<om
and all of the other officers except D. C. Dodge, Second ^ icepfliiy $25. '30,V2S; $5,< 00,000 borrowed for ore year < n $10.<><)(>.000
President. Mr. D. II. Moffat succeeds Gen. Dodge. A resolu¬
stock
collateral.
stock
outstanding,
$65.000,npo.
addit'onal
as
Total
Asst ts- Property on which He ( oaipany has actually expended, as
tion was passed providing for the payment of the May coupons. ;
Total expenses
....
$283,684
$163,403
$251,722
$ >1,163
‘
sea
,
now
,
.
‘
“
"
report, March 3, 188 1, $*>8,695,377 ; subsidy in
pleted railway, as per ollieial memorandum, 1 ? S3 (713
per
the form of com¬
miles), 21,247,000
The
resignation of Mr. Henry E. Sprague as a
director was
ir.;jL
THE CHRONICLE.
26. 1884 ]
509
Mr. Sprague resigned in order to give his entire once a week in a newspaper published in New York. The
the performance of his duties as President of the trustees are the United States Trust
Company of the City of
Colorado Coal & Iron Company. The Denver controversy with New York. The bands are secured
by a deed of trust covering
Mr. Dodge and the Denver & Rio Grande Western stands thus: certain bonds and stocks
representing interests of this company
The Denver & Rio Grande Western, through D. C. Dodge, in branch lines, coal
properties, terminal facilities and improve¬
secured an injunction on April 15 restraining Mr. Love joy and ments connecte 1 with the lines of its railroads,
embracing the
the Denver Company from interfering with him as manager of following mentioned
securities, viz.:—10,000 shares B loss burg
the Utah lines. This was in Utah. Tuesday, the Denver Com¬
Coal Co. stock. $185,000
mortgage bonds Buffalo Bradford
pany secured an injunct ion in New York restraining Mr. Dodge A: Pittsburg Railroad Co., 5,759 shares Buffalo New York &
from acting as manager under the lease.
Erie Railroad Co. stock, 1,249 shares Buffalo Creek
Railroad
Eastern—Boston k Maine.—In Boston a bill in equity has Co. stock, 10,000 shares Hillside Coal <& Iron Co. stock,
been tiled by Francis W. Hill and four other large stockholders $714,000, first mortgage bonds Jefferson Railroad Co., 8,000
of the Maine Central Railroad in the United States Circuit shares Long Dock Company stock, $250,000 mortgage bonds
Court against the Eastern, Boston & Maine and Maine Central Newark & Hudson Railroad Co., $166,000 mortgage bonds
railroads, asking an injunction to restrain the execution of the Newburg & New York Railroad Co.r $499,000 mortgage
bonds Paterson & Newark Railroad Co.,
lease of the Eastern to the Boston & Maine.
9,941 shares Union
Steamboat Co., 5.000 shares Northwestern Mining & Ex¬
Elizabethtown Lexington & Big Sandy.—The comparative change Co., $1,900,000
mortgage bonds New York Lake Erie
statement of earnings aad expenses for February and for two & Western Coal & Railroad
Co., 6,(till shares New York Lake
months is as follows :
Erie & Western Docks & Improvement
Co., $138,704 82 first
^
February
/—Jan. 1 to Feb. 20.—, mortgage bonds New York &
Greenwood Like Railway Co.,
IS 84.
1880.
188 1.
1880.
$332,412 second mortgage bonds New York & Greenwood
Earnings
$15,913
$55.49*
$OS,33G
$103,301
37,054
47,214
Expenses
81,530
93,1 ^3 Lake Railway Co.
—As to the above sixteen classes of
securities, it is under¬
Net earnings
$8,203
$3,233
$11,799
$10,208 stood that the Farmers’ Loan &
Trust Co., trustee of the Second
Little ltock & Fort Smith.—The annual financial exhibit Consol, mort. claims that the
following eight are pledged
of the Little Rock & Fort Smith Railroad for 1883 shows the
subject to the prior lien of that mortgage, viz.: Ten thousand
gross earnings to be $573,490, operating expenses, $335,200, net shares of the Blossburg Coal Company stock. 10,000 shares of
earnings, $233,290. This leaves a surplus for the year of the Hillside Coal & Iron Company stock, 8.009 shares of the
$17,876.
Long Dock Company stock, 5,759 shares of the Buffalo New
York & Erie stock, 5.000 shares of the Northwestern
Louisville City Loan.—A loan bv the city of
Mining and
Louisville,
Ky., for $1,500,000, has been placed in New York with a lead¬ Exchange Company stock, $499,000 bonds of the Paterson &
ing banking firm. The bonds are to run for forty years, and Newark Company, $163,000 bonds of the Newburg & New
York Company, $250,009 bonds of the Newark & Hudson
bear 4 per cent interest, and are now olfered at 101.
Com¬
The loan
was authorized by the city authorities
for the purpose of pany and $185,000 bonds of the Buffalo Bradford & Pittsburg
Railroad Company.
making street improvements and building new sewers.
New York West Shore & Buffalo.—The Chancellor of New
Louisville k Nashville.—On application of this
company, Jersey heard arguments at Newark
on the application
there has been listed at the New York Stock
Exchange its col¬ of Mr. Green, Receiver of the Northrecently
River Construction Com
lateral trust bonds negotiated in 1882, and described as follows:
Louisville & Nashville Railroad Company’s Trust Bonds. Total panv. for permission to accept $15,000,000 second mortgage
bonds in full satisfaction of the
company's claim against the
issue, $10,000,000. Dated March 1, 1882, due March 1, 1922; New
York West Shore & Buffalo
numbered 1 to 10,000 inclusive, $1,000 each, to
which the North
bearer, with River Construction Company built. Railway,
The
adjustment
of the
privilege of registration; interest at 6 per cent, payable quar¬ accounts of the two
companies was recently left to arbitration,
ter-yearly, June 1, September 1, December 1 and March 1;
by which it was found that the railway company owed the
principal and interest payable in gold in the city of New York. construction
company about $7,500,000. The application of
As a sinking fund for
redemption of the bonds of this series, the Receiver was
made on this decision of the arbitrators, and
the company will pay to said trustees, on or before Feb.
1, in view of a general plan for the relief of the West Shore Com¬
1885, and annually thereafter, an amount of money equal to
pany.
The Receiver presented his arguments, which were
1 per cent of the principal of all such bonds at
any time issued,
opposed
by some of the contractor-creditors of the Construction
to be applied to the redemption at 10
per cent premium of such
Company. The decision of the court was reserved.
bonds at the time outstanding as shall then be drawn
by lot by
General Winslow, President of the North River Construction
said trustees for that purpose.
These bonds, whenever the Company, said to a Tribune
reporter “ The Receiver then
company may be thereunto lawfully authorized, will be con¬ would have in his
hands all the assets of the
company and lie
vertible, on demand of the respective holders, into common could
distribute them as the stockholders might
stock of the company at par,
The
agree.
entitled to dividends thereafter to creditors could receive their
pay, which is all they are entitled
be declared. These bonds are secured
by mortgage or trust to, because these bonds, with the West Shore stock now held
deed mad’e by the Louisville & Nashville Railroad
Company, by the company, would be worth more than the amount of the
dated March 1. 1882, to Edward II. Green and John A.
Stewart, liabilities. On the other hand, the railroad
as trustees, on a
company would be
pledge of the bonds and stocks amounting to benefited
indirectly because the settlement would remove a
$28,162,700 at their par value, and mentioned in detail in the serious
complication. The Construction Company would still
remarks upon the Louisville & Nashville
Company in the In¬ hold a control of the West Shore Railway
stock. I do not
vestors’ Supplement.
accepted.
time to
.
<
Memphis City Bonds.—A
think that Mr. Green lias received
report from Memphis,
April 17, said : “ On the 20th of April, 1883, the taxing district
began to fund the old debt of the City of Memphis, which at
that time amounted in round figures to about
$6,000,000. The
new bonds of the
taxing district were given in exchange at
the rate of 50 cents on the $1.
The date for funding expired
on the 1st of last
February, at which time $2,660,000 of taxing
district bonds had been issued in
exchange for double the
press
amount of old
city indebtedness. The act of the Legislature
which authorized the settlement of the old debt also
provided
for
a
sinking fund, and after promptly paying the July and
January interest
an
offer for the West Shore
stock, although several persons might he willing to buy it.
None of them would be likely to make an offer until he was
sure that the Receiver could deliver the stock if
made.”
—At Kingston, N. Y., April 24, the trust
a
sale
mortgage
West Shore Railroad for $25,000,000 to Aslibel Green
corded in the County Clerk’s office.
on
was
the
was re¬
North Carolina State Bonds.—Messrs. Lummis &
Day said:
Treasurer Worth is anxious to get .‘ill the bonds of North
Carolina funded according to the provisions of the act of the
State Legislature, passed in 1870, to obtain the consolidation
and adjustment of the State loans.
The act was the result of
“
on the new bonds, a surplus was found of
$50,000, which* after due notice by advertisement in the
a compromise by which old bonds were to be
newspapers, was to-day used to redeem the new bonds, and
exchanged into
new consolidated 4
per cent bonds.
The time for exchanging
$65,000 worth of the new taxing district bonds were purchased,
the old securities expires on
the prices ranging
January 1, 1885. Those funded
from !72}4c. to 744/c., averaging about
}4c. These are the first bonds of Memphis redeemed in cash before July 1 next will get the benefit of the July coupon of
nhe new bond.
in twenty-five
After July the State will reserve the
years, and it is a certainty that by next January
July
fiiere will be another surplus of
coupon.
A
majority
of the bonds have been funded.”
which will be applied
$50,000,
in the same manner.
The debt of the taxing district is now
Northern Central.—The comparative statement of
earnings
within the power of the citizens to handle
easily and retire and expenses for March and for three months ended March
gradually. There is about $700,000 of old indebtedness yet 31, is as follows :
unfunded/’
March.
/—3 inns. ended Mar. 31.—,
over
.
Morgan’s
Louisiana k Texas —On application of this
company the New York Stock Exchange has added to those
already listed the first mortgage 6 per cent bonds Nos. 1,273
to 1,494 inclusive.
New \ork Lake Erie k
has
placed on the list of the N. Y."AVestTiui.—This'"company
Stock Exchange the
following
described bonds, which were negotiated
with bankers more
than a year ago. viz.: The collateral trust
bonds of the com¬
pany, the amount of the issue of which is $5,000,000; date of
issue November
1, 1882; date of maturity November 1, 1922;
Par value of each
bond, $1,000; numbers of bonds, 1 to 5,000:
interest at six p r cent, payable
May 1 and November 1. May
he called for
redemption at 10 per cent premium at any time be¬
fore
maturity, on three months’ notice, advertised not less than
.
1884.
Gross earnings
Operating
$102,564
1883
1881.
1883.
$303,8 J4
$1,271,022
$1,492,982
$229,901
$233,437
50,527
38,919
1<>2,597
$843,791
156,751
Total expenses
$2S0,431
$3 2,3.36
$332,422
$1,000,542
Net earnings
$182,133
$204,508
$138,600
$192,440
expanses
Extraordinary expenses
$7 2 >,*2
>
Northern Pacific.—The Philadelphia Press says of this
company: “The remarkable increase in the earnings of the
Northern Pacific Railroad during the past six
weeks has
attracted a great deal of attention. It is
very largely due to the
growth of the emigrant traffic and the increased travel on
account of the Coeur d’Alene
gold mines. The regular passenger
trains out of St. Paul take from fifteen to nineteen cars
daily, and
it is evident that the passenger traffic for the current
year will
[Voi* xxxthi.
THE CHRONIC LE.
510
furnish fully one-half of the gross earnings.” *
the month of February the gross earnings were
-Six Months.1883-4.
1882-3.
March.
,
1884.
1883."
* * “During
$520,084; but,
Gross earnings
Net earnings
Increase in net in
$133,162
47,141
$120,623
*42
$783,700
$786,958
232.522
117,722
the heavy expenses upon the road,
114,800
1884
47,184
the cost of operating was $428,802, leaving the net earnings
*Deficit.
only $91,282, or a little less than 18 per cent. Of the total earn¬
St. Paul City Ponds.—At the sale of $600,000 water works
ings, $183,453, or considerably more than one-third, were from 5 per cent bonds the total bids were large and the whole lot
passengers. The land sales were, of course, very small—only was taken by one party at 102*80 and accrued interest.
$86,795. The gross earnings for March exceeded $902,000,” * *
State Line & Sullivan.—It is announced that this road has
“but those for April promise to exceed $1,250,000, for the total
been leased to the Lehigh Valley Co. for 50 years.
The road
earnings during the nrst two weeks is $656,900, or 25 per cent runs from Monroeton, Pa., to Bernice, in Sullivan County, 23
more than those for the four weeks of February.
The follow¬
miles, and the lease includes the right to use the tracks of the
ing statement, which has not before been published, shows Barclay Railroad from Monroeton to Towanda, 4 miles. The
the actual earnings, both gross and net, for the first eight
months of the fiscal year, as compared with the previous year: company leases its road, but retains possession of, and will
continue to work, the coal mines about Bernice. It is stated
owing to the storms and
1
Gross earnings
$5,011,542
$2,740,035
$2,794,096
$1,§83,968
$910,128
that the rental of the road is to be $36,000 a year for the first
three years, with $40,000 a year
The company has mined between 60,000
tons of
anthracite coal a year, which finds its outlet over the road
which is now leased and over the Lehigh Valley road from
for the balance of the term.
and 70,000
1,830,006
3,127,574
4.958,030
Operating expenses
Net earnings
TnPl’PnQP
1
QQ I
$7,752,177
“During these eight months the Land Department have sold
826,414 acres for $1,502,221, or an average of $4*60 an acre. The Towanda.—Railroad Gazette.
amount of deferred payments due on land sales was, on the
Texas & Pacific.—This company sold on April 10 33,000
1st of March, $3,320,141, of which $1,646,398 was applicable to acres of land to the
Magnolia Cattle Company for $99,000.
the retirement of the preferred stock, $1,136,531 to the retire¬
The company paid for the land in Texas Pacific bonds. Other
ment of the first mortgage bonds on the Missouri and Pend
are reported to have lately been made, the com¬
d’Oreille divisions, and $537,211 to the retirement of the first heavy sales
pany taking its bonds at par in payment.
mortgage bonds. The preferred stock has been reduced since
Toledo Delphos & Burlington.—The committee represent¬
the last statement more than a quarter of a million and is now
ing
the first mortgage bondholders of the Toledo Delphos &
$41,105,400.”
Burlington main line and the Toledo Cincinnati & St. Louis
Oregon & Trans-Continental.—The reply of President En- railroad companies, St. Louis Division, have their office
dicott of the Oregon & Trans-Continental to the letter recently in New York, at 81 Beaver Street, and applications for infor¬
sent him by Brayton Ives and other New York stockholders mation, or *to join in the agreement, should be made only
contains no definite information, and its essential parts are as there. The committee state that a large number of securityfollows:
holders have already come in.
The time for joining in the
**So far as I am aware, no stockholder lias ever been refused any in- agreement expires May 10.
x
,
form»tion proper to be communicated, though it has not been always
The proposed agreement seems to be fair to all, and was
possible to he accurate, owing to the many unsettled accounts for con¬
struction. etc. The officers tf the company have no possible motive for matured after long, discussion by the different parties in
concealment.
“
Ab to the removal of the
books, had been trans¬
will remain there. Mr.
Elijah Smith, who is In charge of the affairs at the New York office, will
show to any of you a statement of the assets and aggregate liabilities of
the com pan v. I deem it improper to make public exhibit of the names
by each, as I know it to lie dis¬
already received requests from
the details of their loans be withheld from public inspec¬
of the creditors, with the collateral held
tasteful to many of them, and I have
tion.
what
inoppor¬
price in
held
“
As the inquiry has often been made in New York papers as to
has become of the large capital of the company, it may not be
tune to remind the stockholders that the shrinkage of market
the Northern Pacific and Oregon Railway & Navigation Co/s stocks,
In December last by the Oregon & Trans continental Co., will amount
during the past year to more than $20,000,OoO, or mo* e than $50 per
share upon Oregon & Trans-Continental stock.
In regard to maturing a funding scheme, I can only say that it has
been much discussed, but it seems hardly practicable to attempt it with
success until later in the yf ar.
The 3 8,000,000 loan matures December
81. and the remaining indebtedness of the Company at a somewhat re¬
mote date, so that the collateral is not at present available. There is
muoh reason to expect that tlip summer business upon both the Northern
Pacific and Oregen Railway & Navigation companies lines will he such as
very much to strengthen tbs collateral which the company will have to
offer as security for a long lean. The annual meeting of the corporal ion
will occur within sixty days, and, as changes in Ihe management are
possible, it seems to me more appropriate to leave that matter for the
new Board of Directors to deal with.
The company’s officers have endeavored to bring the company from
the very critical condition in which it was found in December last into
one of undoubted solvency, to adjust and pay the floating indebtedness
“
“
which
proved to be much larger than had been anticipated, and
generally
condition. Much the larger part of this
work has been accomplished, and it now remains to be seen how far the
development of the Northwestern territory would makegood the expec¬
to
bring the affairs into snug
organization of the company.
“Very respectfully, etc.,
tations which led to the
“Wm.
bondholders, who are gen¬
erally in favor of the agreement, apparently give up more than
any other class, as they receive no interest till 1888, and then
only four per cent till 1893.
The parties, as usual, most
inclined to criticise, are those who paid least for their holdings,
and who would be entirely wiped out by foreclosure.
The Dayton Division, Southeastern Division, Cincinnati
Division and Cincinnati Northern are already advertised for
sale in foreclosure on June 28.
Union Pacific.—The Stockholder reports President Dillon as
saying : “ There is no reason why Union Pacific should not
advance in price ; there is nothing inherently wrong about the
property; the only adverse circumstance that can be cited is
its light earnings for the first three months of this year com¬
pared with the corresponding months of 1883, and special
causes have produced that result.
Last year, for example, the
transportation of construction material for the Oregon Short
Line was very heavy ; that for the Northern Pacific wras con¬
siderable, and something in the same line was done for the
Denver & Rio Grande.
These sources of revenue have now
almost entirely ceased, hence the company’s largely-decreased
revenue for the first three months of this year.
Another con¬
dition of affairs which reduced our tonnage early in 1884, and
from which we have not yet fully recovered, is the high freight
rates which followed the demoralized and low ones prevailing
only to say that the Assistant Treasurer,with the
ferred there before the receipt of your letter, and
several that
The old first mortgage
interest.
offices of the company to New York, 1 have
previous to January 1. Everybody took advantage of the low
rates.
The merchants laid in their supply of goods, and every •
one having anything to move shipped it while the merely nom¬
inal rates ruled.
Endicott, Jr., President.”
Pennsylvania Railroad.—The gross and net earnings for
March and for three months are specially compiled for the
Chronicde in the tables below. The result of the operation
of all the lines east of Pittsburg and Erie for the month of
March was a decrease of $50,876 in net earnings, and for the
three months a decrease of $567,913 this year compared with,
the same period in 1883. On the lines west of Pittsburg there
was a decrease in net profits of $334,834 for March and a de¬
On the other hand, when rates were
advanced
arrangement with our competitor, merchants and others
purchased and shipped only as their actual necessities com¬
pelled them, hoping for lower rates later on. Time will cure
this, and, taking the year through, we will secure a much
more favorable average compared with last year both in ton¬
nage and in net earnings, than the first three months of ’84
have shown. I have no doubt but Union Pacific will earn its
by
an
84 dividend and pay
it too,”
Western Union Telegraph.—Dr. Norvin Green, President
of the Western Union, has made a statement concerning the
crease of $601,646 for the three months, as compared with
company’s increased business. He said that “ the gains are all
1883,
over the country.
At Boston the gain was $1,400 in the first
lines eAs? of pIttsburg and erie.
week in April and $2,000 in the second week.
In New York
yet Earnings.
Gj'oss Earnings.
City the earnings last year for the first two weeks in April were
1883.
1884.
1883.
1884.
$27,100 and $28,000; this year they are $26,200 and $28,000*
$1,471,058
$1,166,136 At
January
$3,929,357
$3,574,233
Chicago they were last year $13,800 and $14,500; this year
1,336,694
1.124,579
February....
3,712,215
3,456.733
1,404.551
1,455,427
they
are $18,900 and $17,700.
At St. Louis there was an in¬
March
4,189,380
4,002,627
,
,
.
/
.
in face
largely w
in the same weeks of $1,000. At San Francisco,
reduction from $1 50 to $1, earnings increased
each week of the present 3rear.
crease
$11,830,952
$11,003,593
As to the lines west of Pittsburg
Total 3 mos.
$4,263,179
$3,695,266
and Erie, the monthly
reports issued in 1883 and for the current year show the results
below. The company’s returns, however, sta*e a loss since
January 1 in the present year, compared with the same period
In 1883, of $642,130.
LINES WEST OF
Net
January
February
March
Total three months...
riTTSRURG A ERIE.
Surplus over all Liabilities. Inc. or Dec. in
1883.
1*884*
"
1884
$174,981 Def. $106,556 Dec. $281,537
Def. 164,776 Def. 150,051
225,951 Def. 108,883
Inc.
14,7_'5
Dec. 334,834
$236,156 Def. $365,490 Dec. $601,646
Ogdeiisburg.—The statement of earn¬
ings for March and for six months of the fiscal year—Sept. 30,
1883, to April 1, 1884—is as follows :
Rome Watertown &
of
a
Recent weekly earnings of test
fifths of Western Union business,
offices representing
ponding weeks of 1883, were as follows:
1883.
February.
$161,000
First week...
Second week
Third week..
Fourth week
March.
First week...
Second week
Third week...
Fourth week.
174,< 00
166,000
.
..
.
.
April.
First week...
8econd
"
..
eek
Third week.,
three-
compared with the corres¬
.
1884.
$176,000
177,000
166,tK 0
169,500
169,600
169,000
167,000
170,000
168,000
158,000
171,000
161,000
182,000
164,000
163,000
166,000
173,G#
176,000
177.000
ApbiL 26,
THE CHRONICLE.
1884. j
511
Jlxe (&oxnmzvtml Jinxes.
COMMERCIAL
COTTON.
Friday, P. M., April 25, 1884.
The Movement of the Crop, as indicated
by our telegrams
from the South to-night, is given below. For the week
ending
this evening (April 25), the total
EPITOME.
receipts have reached 20,923
bales, against 30,274 bales last week, 30,113 bales the previous
Night, April 25, 1884.
The weather for the past week has been stormy and thj week and 37,091 bales three weeks since; making the total
receipts since the 1st of September, 1883, 4,693,266 bales, against
temperature low in many sections of the United States ; 5,611,909 bales
for the same period of 1882-83, showing a
even the Gulf States report frosts; spring sowing and planting
decrease since September 1, 1883, of 918.643 bales.
is thereby delayed, and a great impulse has been given to the
Sat.
Receipts at—
Mon.
Taes.
Wed.
Thurs.
Fri.
Total
speculation in food staples, favored in some cases by better
68
412
87
290
341
51
foreign advices. The weather is much more seasonable at the Galveston
1,219
Indianola, Ac.
31
31
close, giving some impetus to spring trade.
New Orleans...
645
1,422
725
62
391
967
4,212
The lard speculation has been very excited, and in the fortyMobile
197
295
2
15
96
192
797
eight hours ending this morning an important advance in Florida
24
24
181
171
101
49
41
55
598
prices was made. The movement was partly in sympathy with Savannah
Brunsw’k, Ac.
25
25
the course of the grain markets, but has had more support in
Charleston
319
14
287
72
37
46
775
the smaller number of swine slaughtered at the West,
Pt. Royal, Ac.
16
16
and in a better general trade. The highest prices this morn¬
12
17
Wilmington
U
21
9
9
82
Moreh’d C.,Ac
ing for the active months were 8*89c. for May, 9*06c. for July
20
20
Norfolk
207
190
139
109
33
and 9J2c. for Aug., for prime Western, but the close was
112
790
West Point, Ac
268
268
with sellers at 8*75c. for May, 8*80e. for June, 8*89c. for July
Nevs York
316
17
32 i
30
131
861
1,679
and 8'95c. for Aug. Spot lard has advanced, but the close is
Boston
569
404
749
929
1,130
456
4,237
so unsettled that reliable figures cannot be given, but
approxi¬ Baltimore
1,079
1,079
122
mate at 8#60c. for prime city, 8 ‘82^21c. for prime Western and
60
Philadelp’a, Ac.
127
32
2,342
2,353
5,041
Friday
....
....
...
....
....
....
....
....
....
m
m
m m
....
....
....
....
....
....
•
-
•
•
....
*
•
Pork has been
more
and closes firm at $17 for mess and $19 for clear back
and cut meats
are more
and beef hams
are
active
Totals this week
Bacon
Pork, lbs
Baoon, lbs
Lard, lbs
Total lbs
20,411,200
186,361,416
24,697,400
239,237,933
97,483,005
123.648,729
301,255,711
Rio coffee has bee*
1882-83.
387,784,263
....
....
....
....
....
....
....
3,275
2,232
3.919
2,241
6,570
20,923.
For comparison, we
give the following table showing the week’s
total receipts,*the total since
Sept.l, 1883, and the stock to-night,
and the same items for the
corresponding periods of last year.
firmly held, but quite nominal. B.ef
unchanged, but favor buyers. Tallow has
been active at 7^c. for prime, but closes dull.
Oleomargarine
has sold freely at 8%@8J£c.
A recent law of this State now
forbids its manufacture, but will probably have little effect.
Stearine nominal at 9c. for prime. Butter lower;
creamery,
22@31c.; Western factory, 12@21c. Cheese, 8@125£c. for new
factory and 2V*j@5c. for skims. Fresh eggs 14@ 16c. The fol¬
lowing is a comparative summary of aggregate exports from
Sept. 1, 1883, to April 19, 1884:
1883-81.
2.636
....
. ...
,
....
9c. fof refined for the Continent.
.
1883-84
Receipts to
April 23.
ialveston
Indianola,Ac.
New Orleans...
Mobile
iavannah
Brunsw’k, Ac
Dec. ’83-84.
4,28.5,200
52,876,517
Since Sep.
Week.
1, 1883.
Week.
1, 1882.
1884.
1883.
1,249
11,007
781.095
10,500
31
134
16,292
5
584,864
8,467
4,212 1,492,453
249.787
21
42,479
59S
645,958
25
16,301 1,572,849
1,016
303,752
2,425
18,178
5,623
787,629
5,508
3,120
554,916
389
23,736
Royal, Ac.
16
Wilmington....
82
91,403
677
124,978
M’head C., Ac
20
12,535
125
18,719
Pt.
83,528,351
This
7,934
412,420
13,589
Jharleston
26,365,634
Stock.
Since Sep.
797
Florida
1882-83.
This
775
*
51,401
•
•
•
•
156,998 208,860
9,351 23,033
6,679
23,531
.....m
7,029
26,896
3,646
6,251
606
'
790
571,314
on the spot, but about steady at Norfolk
7,424
751.049
7,307 49,932
lG^j(3>10^o. for fair ; « »vions have sold moderately, and have West Point,Ac
220 217
263
1,138
215,616
fluctuated within narrow limits ; to-day there was an
1,679
326
101,004
134,419
347,224 242,456
advance, New York
though, compared with those of a week ago, the closing prices 3oston
4,237
167,367
1,915
161,334
6,720
6,635
are lower,
May being at 8#45@8*50c,, June at 8’45(a) 8 55c., July at Baltimore
1,079
23,780
2,465
51,000
7,476 23,909
8*50@8’GOc., August at 8’55@8’65c., and September at 8*60@ Philadelp’a,&c. 5,041
44,585
5,153
90,839
9,850 17,558
8‘65c. bid and ashed; mild grades are quiet but
steady. Tea has
Total
20,923 4,693,266 59,244 5,611,909
been rather quiet for options, but
572.785 681,068
latterly has advanced, as
the sale of Japan certificates for
In order that comparison
April delivery has increased
may be made with other years, we
on the Street;
Japan sold to-day at 24^4c. for June, and black give below the totals at leading ports for six seasons.
sold at 28)4c. for
May ; the close is dull and weak.
1884
1883.
1882.
1881.
1830.
have been dull and nearly nominal. Rice has been inSpices Receipts at—
1879.
good
demand and firm. Molasses has sold more
1,280
11,141
3,831
freely at steadier Galvest’n.Ao.
6,03 7
2,708
1,089
prices. Raw sugar has been dull and easy ; fair
New Orleans.
4,212
16,304
7,522
14,173
12,449
refining
5,195
5
5-16@5%c., and 9G deg. test centrifugal Gt^c.; fair for July Mobile
797
1,016
2,623
1,689
1,407
1,666
sold to-day at 5’45o.; refined is
598
weak; powdered 7^4f®7^c., Savannah....
2,689
5,623
4,625
1,119
2,979
crushed
and granulated 7c.
Oharl’st’n, Ac
791
3,5 J9
2,2 j2
3,498
2,540
744
In Kentucky tobacco trade on the
102
802
spot has been very mod¬ Wilm’gt’n, Ac
485
512
117
299
erate, but in a speculative way the movement has been
1,058
8,562
larger; Norfolk, Ac..
5,475
G|di)5
3,943
5,199
lugs on the spot, 7%(®8}^o.; leaf, 8^@9%c.; June sold to-day 411 others.... 12,085 12.287
8,779
10,640
6,543
at 8
5,113
3-16@8^4C. Seed leaf has been more active and a steady Tot. this w’k.
tone prevails ; sales 3,420
cases, including 1,900 cases
20,923( 59,244 33,606 47,729 30,358 22,283
1883, Wiscansin Havana seed, 22%@30c.; liO cases crop crop hnoe Sept. 1.
1882,
1693,266!5611,909 4431.742 5351,34 4638.867 4317,007
do. do., 19@30c\; 730 cases
crop 1882, Pennsylvania, 4/£@
Galveston includes inaia ioia; Charleston includes Port
Koyal, Ac.
h%c.; 200 cases crop 1881, do., 6(a) 10c.; 200 cases crop 1880, Wilmington includes Morehead City, Ac.: Norfolk includes
City Point, Ac.
do., 10@14^c.; 150 cases crop 1883, New England Havana
The exports for the week
ending tins
reach a total
100 cases crop 1882, New England, ll@30c., of 33,636 bales, of which 20,422 were toevening
8eed,^2.2@27c.;
Great Britain, 3,577
and 50 cases
crop 1882, Ohio, 8c.; also. 400 bales Havana, 80c. to France and 9,637 to the rest of the
Continent, while the
@$115, and 350 bales Sumatra, $1 20@$1 G5.
stocks as made up this evening are now
572,785 bales. Below
The naval store market has
improved, the speculative inter¬ are the exports for the week and since September 1, 1883.
est has been
greater and the spot demands have increased suf-.
Week Endino April 25
From Sept. 1.1883, to Apr. 25,1864.
ficiently to advance spirits turpentine to 32%'$330., and
Exported to—
strained to good strained rosins to $1
Exported to—
Exporti
42%@$145. Refined pe¬
Great
Conti¬ Total
troleum has been depressed by
Great
Conti¬
from—
weak foreign advices, and to¬
BriCn. France nent.
Week. Britain. France
Tot a
nent.
night 8%o. are the figures for 70 Abel test. Crude oil certifi¬
cates were
lalveston
481
481
249,589 34,700
sharply advanced to-day; the rise was due to a de¬
82,370
306,730
few Orleans.. 10,250
termined effort to squeeze out a large
2,549
8,756 21,501 705,018 313,153 293.273 1,341,504
”
“short
interest,
and
from 93%c. there was an advance to
doblle
50,157
1,380
57,537
95%c.; the final figures Florida
3.704
3s701
J^ere 94^@95c. The only important feature in metais was lavannah
154,553
quiet
.....
-
*
.
.
*
.....
atVu6 °*
^011S s*-ee* ra^s ky the Scranton Company
pcean freight room has been without special features of
interest; berths have sagged but oil tonnage has remained
steady, though by no means active. Liverpool, steam, grain
to-night quoted l%d.; flour, 5s.@7s. 6d.; bacon and lard, 10s.;
cneese, 15s.@20s.; cotton, 3-32d.; grain to London
by steam
engaged at 3%@3%d.; do. Hull by steam, 2d.; do. to Avonjnouth by steam, 2s. 6d. per qr.j.do. to Hamburg by steam,
Jypfennigs; refined petroleum to Rangoon, 30c.; do. to Boni¬
fy 21c.; do. in bbls. to
Naples, 2s. 9d.
.
»
■,
TharlestvD
11!,203
43,413
253,922
.
Yilmlngton..
forfolkt
lew York
...
3,329
1,02s
350
4,707
toston......
1 dtimore
Pailadelp’a,&c
Total
Total 18R2-S3
•
318,942
13,430
24,497
29,710
97,040
2,731
2,731
4,106
50
20.422
3.577
9,637
53.910
14.639
22.234
4.156
99,310
82,037
1,898
33,630 2,174,649 447,400
188,717
133.749
3,826
20,588
81,045
3,123
51,011
3,038
356,700*
269,45l‘
47,242
274,510
429.703
100,463
152,819
85,675
803,029 3,480.044
90 833 2 431.457 392.311 1.245.45** 4.009.227
Includes exports from Port Royal, &c.
+ Includes exports from West Point, Ac.
—r-*—
THE CHRONICLE.
exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared,
at the ports named. We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 89 Broad Street.
In addition to above
us
On
April
The Sales and Prices of Futures are shown by the follow
ing comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
rj
ri
Shipboard, not cleared—for
O
S>
Leaving
25, at—
Great
Britain.
Coast¬
wise.
Other
Fi'ance.
Foreign
Stock.
Total.
wc
None.
None.
1.100
Cnarueton
Savannah
Galveston
Norfolk
New York
Other ports
None.
None.
2,300
400
3,000
None.
30,101
Total 1883
Total 1882
38,041
new
6.012
None.
800
None.
542
None.
450
600
25,68 4
1,443
None.
4 50
500
0,817
16,113
Total 1884
Some
0,417
None.
None.
None.
None.
None.
0,713
1,250
0,351
5,770
1,700
4,070
1,071
2,514
681
None.
None.
6S1
3.150
7,086
6,626
None.
'
12,504
3,35 4
44.838
11.024
102,275
578,793
66,8‘JO
552.012
week in the
The most con¬
Ordiu’y.^Ib
Sat.
0
r>8
058
Strict Ord.. loq
Good Ord.. 10 78
Str. G’d Ord 1 1 J4
Midd’g
Low
31
Str.L’w Mid If'ln
Middling... 11 7h
Good Mid.. 12
Sir.G’d Mid 12*3
Midd’g Fair 12*4
13G
Fair
O.-din’y.yHb
Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’g
Str.L’w Mid
0^8
07g
1 <0
101,3
u.'3
107h
11 Li
1 1 Lj
11 a4
l 1 L>
ho
1 1 G
11%
1 1 %
111%
1 1 %
I 1- %
11*4
11*1
11*4
11%
lH'lf 11D,<5
1 l7g
1 1 7b
12i0
12^8
l2i<S
12*4
13>.j
9Sg
0-"8
b:1Hi
101m
101„,
107g
1 1 »4
1 (i '3
1 1 11
1 1 Ig
11 n
1 1 73
10-3
11
11 Dm
Middling... 1 1 7h
Good Mid.. 12 >3
12*8
12*3
S r. G’d Mid 123s
Mdd’gFair 12*4
12*4
Fair
13bs
0
STAINED.
073
l<!iJnj
11%
1 1 %
0%
Good Ordinary....
Strict Good Ordinary
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ChiODP
TEXAS.
NEW ORLEANS.
Flow Tnet»
©
nr
75 c
g> rti-
as
©
p &
i—>
Stjg'g'
s;
features have been developed the past
UPLANDS.
S!
534 306
38,470
speculation for future delivery at this market.
spicuous of these are the apprehension of large deliveries on
May contracts, severe weather in the Southwest and the in¬
crease of receipts at Bombay.
On Saturday last there was a
sharp decline, under sales to realize, but in the course of
Sunday and Monday, there wore violent storms in the Lower
Mississippi region, and an early decline was changed at the
close to a slight advance, but not till the decline from the
closing figures of the previous Friday were I2'‘(y 15 points for
this crop and 7 (7) 8 for the next.
On Tuesday there was a
further advance over Monday’s closing figures, owing to frost
accounts from Texas, and the continuance of unseasonable
cold over the entire South : but dull accounts from Manchester
and the report of increased receipts at Bombay caused some
decline in the* later dealings. During Wednesday and the open¬
ing of Thursday, the tendency of prices was mainly upward
on account
of the very small movement of the crop'and the
reduced visible supply; but in view of the considerable accumu¬
lation of supplies at this market and the apprehension of free
deliveries on May contracts, the'speculation for the rise was
conducted quite tamely, and last evening the later months
were weaker.
To-day there was a slight advance on strong
#accounts from Liverpool, but a slow business caused a decli ne
with a quiet closing.
The changes as compared with last Fri¬
day are 0 @ It points lower for this crop and 4 (a) 0 for. the
next.
Cotton on the spot has been very quiet throughout tlie
week at unchanged prices; middling uplands quoted at ll%c.
The total sales for forward delivery for the week are 494,800
bales.
For immediate delivery the total sales foot up this week
1,860 bales, including
for export, 1,320 for consumption,
40 for speculation and — in transit.
Of the above, — bales
were to arrive.
The following are the ollicial quotations for
each day of the past week.
April 10 to
April 25.
a
344.074
24.107
3.500
3,344
0,205
5,832
12,671
131.314
—•
00 © © -b
CD
<
(B - ■*
Cg
Q p
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©
00
New Orleans....
Mobile
[Vol. XXXVIII.
'
512
7
0
11
1
i
k
^
©
11
I
1
c
o
©
rj
rj
I ®: :
SALES.
I
r
The total sales and future deliveries each day during, the
week are indicated in the following statement.
For the con¬
venience of the reader we also add a column which show's at a
glance how the market closed
SPOT MARKET
CLOSED.
Rat
Dull and easier..
IMon
(piiet and easy..
Tues. (puc,
Wed uplift
1
..
Ex-
i Con-
port. sump.
....;!
203
;-;;i
^
.
.
Total.*
The
days.
SALES OF SPOT ANI) TRANSIT.
*
Thurs tpeet
Fri. .Dull and
on same
....
....
easv...
■
....;
0
7
150
100
Spec- J
Tranul'l'nl sit.
d::
|
1.320
Total.
10!
....
„
Sales,
j
203
315 11 2,700
95,800j
300
228
159
77% .‘0|
S 1,900
40n
100
68,500
57,600;
tOi.3001
2,300
1
1,300
600
300
300
400
daily deliveries given above are actually delivered
on which they are reported.
J^reviousjto that
! Deliv
,
■
::::
-,o
FUTURES.
„
the day
SepteraNovember,
Includes sal<^« in September. 1883. for Sop ember, 76,200;
r-Oetober, for October, 838,000; Sept^mher-November, for
iO.SOO ; September-Deeemoer.. for December,
unary, for January. 2,rl7,900; Septeinbev-February,
k
860,500; September-
780,800:
Septeinber-Mareli. lor IMareh, 2,300,800.
\ve have included in the above table, and wltnll
?eJc to hive, the average price of futures--eacix uay for
ill tie found under each uay following the abbreviation
for Iobruaryy.
.
.
continue eacn
each month, n
** Aver.
me
erage for cacti mouth for the, week is also given at bottom ot table.
Transferable Orders—Saturday, 11-75Monday, il’SOc.; Tuesday,
•75c.; Wednesday, 1180c.; Thursday, ll*S0e.; Friday,, il-SOc.
The following exchanges have been ma le during the week;
•34 pd. to exch. 400 May for Aug.
V2 pd.to ex eh. 100 Nov. for Aug.
-75 pi. to exch. 1,000 Dec. tor Sept,
i pd. to excl:. 200 June for July.
| *33 pd. to exch. 500 May for Aug.
1 pd. to exelt. 200 May for Aug.
j
i
1
pd. to exch. 1.000 May for Aug.
pd. to cxcli. 100 June for Aug. %
200
April
s. n.
28th for May—even.
THE
1884.]
AFSiL 26,
CHRONICLE.
Supply of Cotton to-niglit,
as made up by cable
follows. The Continental stocks, as well as
those for Great Britain and the alloat, are this week's returns,
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
The Visible
and telegraph, is as
figures for to-night (April 25), we add the item of exports from
the United States, including in it the exports of Friday only,
1884.
1883.
1852.
902,000
02,200
S.1,063,000
65,000
1881.
953,000 1,000.000
65,200
42,900
513
bales less than at the
the
same
same period last year.
The receipts at
towns have been 4,371 bales less than the same week
last year, and since September 1 the
613,263 bales less than for the
are
receipts at all the towns
same
time in 1882-83.
Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing quotations of
middling
cotton at Southern and other principal cotton markets for each
day of the past week.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
.1,128,000 1,054,200 1,018,200 1,042,900
Stock at Hamburg.
Stock at Bremen...
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
Stock at Genoa
Stock at Trieste
Stock
Stock
Stock
Stock
Stock
4,700
2,500
71,700
..
51,000
1,000
1,300
211,000
4,000
..
1,770
1,900
96,000
622
03,000
9,900
7,S00
39,600
212,000
4,200
32.000
•
5,500
4,719
314,700
410,500
.
454
2,670
58,000
Total Continental stocks
46,000
45,100
6,5 00
10,(00
3,000
,4
7.000
1,500
26,800
19,800
45,300
34,<4)0
2,500
2,000
139,000
4,000
6,600
359,292
198,943
.1,541,500 1,368,900 1,217,143 1,402.192
stocks
362,000
282,000
248,000
India cotton ailoat for Europ \ 320,000
ie
240,000
515,000
382,000
£02,000
Amcr’n eott’n afloat lor Eur'j
..
Egypt,Iira/.il,Ac.,;ilit for E’r’j
Stock in United Slates ports
40,000
661,068
109,511
.1 6,000
50,000
572,785
to
..
82,017
..
4,000
31,000
4S,OOO
618,902
137,206
19,000
602,689
201,211
3 2,000
.2,819,902 3,072,519 2,804,251 3,022,092
Of the above, the totals of American and other descriptions are as follows
American—
735.000
6.0,000
762,000
Liverpool stock
bah s 785.000
314.000
211.000
99,000
270,0*00
Continental stocks.
2 16.000
515,000
382,(190
502,000
572,785
681,068
618,902
602,689
82,417
169,541
137,206
204,21 1
United States iuterior stocks.
4,000
12,090
16,000
19,000
-
.
.
.2,001,402 2,327,609 1 876,103 2,352,900
Total American
East Indian-, Brazil, dc.-
257,000
01,200
333,000
238,000
65,200
99,943
382,900
42,900
89,292
320,000
103,700
282,000
50,600
40,000
48,000
65.000
102.500
London stock.
.
.
The above figures indicate a decrease in the cotton in sight
to-night of 252,007 bales as compared with the same date of
1833, an increase of 15,651 bales as compared with the corres¬
ponding date of 1882 and a decrease of 202,100 bales as
compared with 1881.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the -corresponding
period of 1882-83—is set out in detail in the following statement:
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.** S’
n
183.
to^
ilk
Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reacli.es the market through the outports.
Week
the
during the week 6,973 bales and
Receipts at the Ports.
endiiiQ—
8
15
4k
22
44
29
?
14
57,154 111.181
21
61,918 105,082
54,035 86,909
44,467 78,709
28
April 4
“
«<
M
are
1883.
51,0-0 135,321
58,747 124,826
Mch.
“
1882.
11
18
25
1894.
SVk atlntcrior Towns. Re-c’pts from Plant’n*
1882.
| 1893. |
1884
86.T79 165,86' 111,481 380,528 813.584 282,475
72,031 118,130 105.021 372.454 328,706 263.069
60,100 134,448 05,013 302,430 321.434 254.450
....
32,220
29,800
33.608
72,035
68,527
59,241
76,487 343.072 308.417 227,205
68,720 315,073:304,621 205,477
40,816 284,S83 207,173 184,414
!
42,635 253.6l8l270.918 It 0,809
52,894 233.182 266.971 141,230
37,091 215.0441257,152 125.394
30,113 201,747 230,461 110,068
30.274 180,281 213,029 98,060
2O.02S 157.8iOil89.8O0 1 00,794
1882
i1 1883.
1884.
77.288 161.020
94.202
63A5? 129,342
91.515
50.136 120,076
51,394
82.622 122,314
49.303
31,648 121,030
25.874 103,733
31.141 87,835
46.032
33.590
33311
27,229
74,021
68,889
10,032
55,244!
8,314
40,005!
36.02l!
'
11,1*1
28,813
19,030
21,249
14,78:?
19,168
12,757
The above statement shows—1. That the total receipts from
the plantations since September 1, 1883, were 4,734,904 bales;
in 1882-83 were 5,785,230 bales; in 1881-82 were 4,544,153 bales.
2.—That, although the receipts at the outports the past week
20,903 bales, the actual movement from plantations was
only 12,757 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 36,021 bales and for 1882 they were
11,161 bales.
were
in
Sight April 25.—In the table below
1882-83.
1881-S2.
1880-81.
4,731,904 5,785.230 4,544,153 5,538,330
520,3281 572,32 4
391,473
452,089
230,020
190,000
210,000
155,000
5,497,232 6,597.554 5,128,026 6,145.419
or
checked the growing crop.
No permanent damage is believed
to have been done, by the frosts, though they were quite
more
favorable at the close.
The thermometer
averaged 03, the highest being 79 and the lowest 48.
on three days of
the week, the rainfall reaching seventy-four hundredths of an
inch. The weather has been too cold, but no serious damage
has resulted.
The thermometer has averaged 01, ranging
has
from 44 to 89.
Palestine, Texas.—It has rained
on three days of the week
interrupting planting—the rainfall
reaching three inches and nine hundredths. The weather has
been too cold, and we have had a frost, but not a killing frost,
—harder than
The above totals show that the old interior stocks have de¬
lllo
ilk
11 %
ilk
11 k
lndianola, Texas.—We have had showers
This year’s figures estimated.
ceased
from
The weather is
S’
b
Ol
©
— CO
if
© to X © O' © 0" X X © C to O' to
03
b R.
11%
Ilk
11%
ilk
ilk
12%
heavy in portions of Texas and the Gulf States.
Galveston Texas.—It lias rained on three days of the week,
the rainfall reaching seventy-five hundredths oi‘ an inch. The
weather has been too cold, retarding the growth of young
vegetation, but otherwise viio serious (linage has been done.
-So
>
- M
R*
to
n%
ture, which have to a certain extent delayed farm work
fc;
*5*
,C^
i-i
M
M to
to
•-
OI © R 03 © ©
12%
1138
iuk
11%
ilk
ilk
Weather Reports by Telegraph.—The weather lias been
less favorable for crop purposes during the. week.
There has
been at many points too much rain, and much Jower tempera¬
to w
Oi
&;
w
12%
11%
Ilk
11%
It will bo soon by the above that the decrease m amount in sight
to-night, as compared with last year, is 1,100.322 bales, the increase aa
compared with 1881-82 is 308,005 bales, aud the decrease from 1880-81
is 048,187 bales.
sr
i—i
C Ol
©©©©C©ROiOiR©©OX©Xt-‘©X
t-ioc© —-ito
11%
12%
11%
Ilk
11%
ilk
ilk
Total in sight April 25
‘S’
© © © -i © cr>
©
-i C Oi r i c © x
© to to © C f- JO
wek. This
tR © 03 tO © 0* © 0i«
MWit-aH^o©
a.'
—4
12
11%
12%
Tot. receipts from plantat’ns
Net overland to April 1
Southern consumpc’u to Api il 1
y*
COCCrtO©
M t-4 © m£ t-J -1
b © ©to -l o<
© ot © © © on oi -103 ©x© m © *- © © x
Ol
-1 © O't 3 to
12
Receipts at the ports to Apr. 25 4,093,255 5,611,909 4,431,742 5,351,348
Interior stocks on April 25 in
excess of September 1
41,638
173,321
112,411
186,982
n>
© w
to
cr.
-i
x
12
11%
1883-84.
w
1—i
c. © © on
'•I C
rf-
io
©
M
33
©
R*
M
t-
11%
11%
11 %
ilk
11%
11%
ilk
ii%
8^
2?
M
M
©-ton© to
w
©
to to
V
03
©
©
co
to
x 'jj r
03 —1
O'
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fr
<X)
4^ W1 v1 H
n%
ilk
1134
11%
12
§ >
C0*-O'W©'-0!<^JCC©^J^^|^lW(©©t0©
CO
t—1
03 O’ if- Ot 03 to oi
b
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zr,
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•
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-
CO
t3
■
S.&0
8—
11 *4
ll%®k
11%
11%
Amount of Cotton
Q«P
on CC 00 M X -4 OC © CD O' M 00 © 10 tO © X *-1 ©
©-cajo;vtto-HOit-iM3ct x &. -j © to
tC©f-if-lO-lCCXCO©l—1 © © *- O' X on
R.
Cr'l
©
o: x ot © ©
C. C 03 —- CD 1
*-*
O' CJi CC iO O' ©
Ilk
11%
1134
Ilk
ilk
give the receipts from plantations in another form, and add
to them the net overland movement to April 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
-.i
CO
© to c:i co
'] C'OiCC to on
CO
©
Ilk
Ilk
Ilk
Ilk
11%
Ilk
FtH.
we
fc: Pi
R
10
b
©
3
a
R 98-
es •
b
H
o
erg
•
f
p:
like
Thar8.
12
Receipts
U
2 2
Ilk
11%
11 \
ilk
li%'S;k
11%
ilk
Wednes.
12
Cincinnati...
Louisville....
st. Louis
Tues.
11%
12%
11%
1134
11%
ilk
ilk
Memphis....
imports into Continental ports this week have been
45,000 bales.
g
..
Philadelphia.
Feb.
2,81-9,002 3,072.509 2,801.251 3,022.002
5%d.
0:hod.
111*
5it>lf)d.
Total visible supply
Price Mid. Upl., Liverpool
H
11^
11%
ll^t
Ilk
11%
11%
Ilk
Wilmington..
Norfolk
Boston
Baltimore.
268,000
31,000
744,900
928,143
615,500
669,192
2,004,102 2,327,609 1,376,103 2,352.900
Total East India, Ac
Total American
o
Galveston
New Orleans.
Mobile
Savannah....
Charleston...
Mon.
RECEIPTS FROM PLANTATIONS.
278,000
o
Satur.
Augusta
Total European
The
Ajyril 25.
to-night 86,924
desired,
THE CHRONICLE
514
but
no serious damage has been done.
ranged from 39 to 75, averaging 57.
'
The thermometer has but
not
(vol. xxxvm.
killing frost.
a
The killing frost
was
middle and northern sections of the
confined to the
State, still no serious dam¬
Huntsville, Texas.—We have had a shower on one day of age has been done. The thermometer has averaged 64 the
the wee^. the rainfall reaching nineteen hundredths of an inch. highest being 77 and the lowest 43.
The weather has been too cold, with light frost on two nights.
Montgomery, Alabama.—It has rained on four days, and
Some tender vegetation was slightly nipped, but there has been the balance of the week the weather has been too cold. ’ The
no serious damage.
Cotton planting progresses well. Average rainfall"reached two inches and twelve hundredths. The
thermometer 59, highest 79, lowest 37.
thermometer has averaged 66, ranging from 43 to 79.
Luling, Texas.—It has been showery on one day of the
Selma, Alabama.^—It has rained on three days of the week
week, the rainfall reaching three hundredths of an inch. The the rainfall reaching one inch and forty-six hundredths. The"
weather has been too cold, but no harm was done.
The ther¬ weather has been too cold, but at the close of the week has
mometer has averaged 61, the highest being 79 and the taken a favorable turn.
The thermometer has ranged from
lowest 40.
42 to 78, averaging 59.
|
Brenham, Texas.—We have had showers on two days of
Madison, Florida.—Telegram not received.
the week, the rainfall reaching twenty-two hundredths of an
Macon, Georgia.—We have had rain on four days of the
inch. The weather has been too cold, but no serious damage week. The weather has been too cold for the season. The ther¬
has been done beyond the checking cf growth. Prospects mometer has averaged 63, the highest being 80 and the lowest
fair. The thermometer has averaged 62, ranging from 41 to 87, 44.
jBelton, Texas.—It has been showery on three days of the
Columbus, Georgia.—It has rained on two days of the week,
week, the rainfall reaching seventy hundredths of an inch. the rainfall reaching one inch and ninety-two hundredths!
The weather has been too cold, with a light frost, but no seri¬ The weather has been cool all of the week, with frost on
ous damage has been done.
Cotton planting makes good Wednesday and Thursday nights, injuring cotton that was up.
The thermometer has ranged from 40 to 77, aver¬ Planting is generally two weeks behind. The thermometer
progress.
has averaged 58, ranging 42 to 78.
aging 57.
Weatherford, Texas.—We have had good showers on two
Savannah, Georgia—It has rained on five days, and the
days of the week, the rainfall reaching thirty-three hundredths remainder of the week has been cloudy. The rainfall reached
of an inch. The weather has been too cold, and we have had one inch and sixty-two hundredths.
We are having too much
one killing frost, but no serious damage has been
done, as very rain, and the weather has been cold. The thermometer has
little was above ground to be hurt.
Planting progresses well. ranged from 54 to 82, averaging 66.
•
Average thermometer 59, highest 78 and lowest 30.
Augusta, Georgia— It has rained on six days of the week,
Dallas> Texas.—It has rained hard on three days of the the rainfall reaching one inch and five hundredths. We are
week, stopping work. The rainfall reached three inches and having too much rain, which, together with the unseasonably
eleven hundredths. The weather has been too cold, with con¬ cold spell,
has retarded planting to a considerable degree.
siderable frost on one night, but it seems to have done no seri¬ Average thermometer 62, highest 79, lowest 49.
ous damage.
The thermometer has averaged 56, the highest
Atlanta, Georgia.—Telegram not received.
being 78 and the lowest 37.
Charleston, South Carolina.—It has rained on five days of
Hew Qi'leans. Louisiana.—It has rained on two days of the the week, the rainfall reaching two inches and
sixty-one hun¬
week, the rainfall reaching one inch and sixty-five hundredths. dredths. The thermometer has averaged 62, ranging from 52
The thermometer has averaged 07.
to 71.
Shreveport, Louisiana.—The early part of the week was
Columbia, South Carolina.—Telegram not received.
The following statement we have also received by telegraph,
cloudy, with rain, but the latter portion has been clear and
fine. The rainfall reached two inches and twenty-four hun¬ showing the
height of the rivers at the points named at 3 o’clock
dredths. The cool weather has done no serious damage in this April 24, 1884, and April 26, 1883.
•
•
section.
;
Roads
are
in bad
condition.
The thermometer has
<N -4" 00
*3 5,
Apr. 26, ’83.
ranged from 40 to 82.
Vicksburg, Mississippi.—It was showery on two days in
Feet. Inch.
Feet. Inch.
the early.part of the week, the rainfall reaching one inch and New Orleans
1
7
1
2
31
2
32
10
fifty-three hundredths.
The weather has been too cold. Memphis
Nashville
...Above low-water mark.
It
9
29
9
Planting in the hills is about completed in this vicinity. The Shreveport
3
13
22
10
thermometer has ranged from 44 to 83.
...Above low-water mark.
4
Vicksburg
45
42
8
Meridian Mississippi.—We have had rain on three days of
New Orleans reported below high-water mark of 1871 until
the week. We had a heavy frost on Thursday morning, which
will make replanting necessary in some districts on the bottom Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-10ths of a foot
lands.
'
Greenville, Mississippi —Tt has rained severely on three days above 1871. or 16 feet above low-water mark at that point.
of the week, the rainfall reaching two inches and
eighty hun¬
India Cotton Movement from all Ports.—We have
dredths. The thermometer has ranged from 50 to 78, aver¬
re-arranged our India service so as to make our reports more
aging 59.
detailed and at the same time more accurate.
We had found
Columbus, Mississippi.—We have had rain on, five days of it
our
impossible
to
keep
out
of
figures,
as
cabled
to us for the
the week, the rainfall reaching four inches and
twenty-eight ports other than Bombay, cargoes which proved only to be
hundredths. The weather has been too cold, but as the week
shipments from one India port to another. The plan now
closes there is a favorable change.
followed relieves us from the danger of this inaccuracy and
Little Rock, Arkansas.—We have had only one clear day
keeps the totals correct. We first give the Bombay statement
during the week. There lias been rain on five days, with a for the week and year, bringing the figures down to April 24.
rainfall of three inches and seventy-four hundredths.
The
BOMBAY RECEIPTS AND SHIPMENTS FOIt FOUR YEARS.
thermometer has averaged 42, the highest being 05 and the
.
lowest 40.
Pine Bluff, Arkansas.—It has rained on two days, and the
remainder of the week has been
cloudy. The rainfall reached
three inches and fifty-two hundredths.
We have had a frost
but not a killing frost. The thermometer has averaged 49,
ranging from 37 to 00.
Fort Smith, Arkansas.—It has rained
two
Shipments this week/] Shipment* since Jan. 1.
?ear
Great Conti¬
BriVn. nent
_
.
.
!
Great
Total. i Britain
_
_
Conti¬
nent.
Total.
Receipts.
Since
Jan A.
This
Week.
!
1884 33,000 41,000 74,000*283.000 351,000
L883 4.000 25,000 29,0001219,000 436,000
1382 8.000 31.000i39,000 165.000 270.000
1881 10,000 40,000|56,000! 139.000 267,000
634,000 88,000
868,000
655,000 79.000
735,000 82.000
406.000 67.000
978.000
994.000
634 000
days of the
week, the rainfall reaching ninety-eight hundredths of an inch.
According to the foregoing, Bombay appears to show an
The thermometer has ranged fiom 31 to 74,
averaging 54.
Helena, Arkansas.—It has rained on three days of the week, increase compared with last year in the week’s receipts, of
and the weather has been too told, but at the. close of the week 9,000 bales, and an increase in shipments of 45,000 bales, and
there is a favorable change. The rainfall reached three inches the shipments since January 1 show a decrease of 21,000 bales.
The movement at Calcutta, Madras and other India ports for
and twenty hundredths.
The river is fallingslowly; it is now
three feet above danger line, overflowing about one-tliird of the last reported week and since the 1st of January, for two
the bottom lands. Average thermometer 53, highest 72 and years, has been as follows. “ Other ports” cover Ceylon, TutiKurrachee and
lowest 42.
Monti cello,
on
Coconada.
corin,
Arkansas.—Telegram not received.
Shipments for the week.
Shipments since January 1.
Newport, Arkansas.—Telegram not received.
Great
Great
Conti¬
Men.phis, Tennessee.—It has rained on every day of the
Total.
Total.
Continent.
Britain.
Britain.
nent.
week except Thursday, but the weather is now clear and
pleasant. The rainfall reached four inches and ten hundredths. CalcuttaFarm work on the uplands has been delayed by the bad wea¬
107,000
1881
10,000
29,000
4,000
6,000
78,000
64,700
1883
ther. The river is two feet four inches below the danger line
9,000
2,500
55,700
2,500
Madrasand falling slowly.
The thermometer has ranged from 41 *5 to
17,100
4,600
1884
12.500
4,600
6,600
2,000
69*5, averaging 54.
5,500
1883
1,000
4,500
Nashville, Tennessee.—We have had rain on every day of All others—
16.500
3.000
1884
13,500
the week, the rainfall reaching one inch and twenty-one hun¬
6,000
1883
2,000
4,000
dredths. Farm work has been suspended this week on account
of the continuous rains, but at the close of the week there is a Total all140,600
36,600
16.600
1884
8,600
104,000
favorable change in the weather. The cause for the large
8,000
76,200
12.000
1883
64,200
2,500
2,500
receipts this week is that several hundred bales have been
The above totals for the week show that the movement from
brought from points beyond our district for our local mills.
the ports other than Bombay is 14,100 bales more than same
Average thermometer 55, highest 71 and lowest 43.
Mobile. Alabama.—It has rained severely on one day of the week last year. For the whole of India, therefore, the total
veek. and has been showery on one day, the rainfall reaching shipments since January 1, 1884, and for the corresponding
fwo inches and fifty-one hundredths. * We have had a frost, periods of the two previous years, are as follows:
.
'
'
1884.
Shipments
to alt Europe
from—
Bombay
All other ports.
Total
1882.
Receipts.
This
week.
Since
Jan. 1.
This
week.
74.000
634,000
29,000
16,600
655,000
140,600
39.000
2,500
76,200
5,800
735,000
152,200
90,600
774,600
31,500
731,200
44.800
887,200
Since
Jan. 1.
This
week.
Since
Jan. 1.
ports.
Alexandria Receipts
and
Shipments.—Through
have made with Messrs. Davies, Benaclii &arrange¬
Co., of
Liverpool and Alexandria, we now receive a weekly cable of
we
the movements of cotton at Alexandria,
are the receipts and shipments for the
Egypt.
Alexandria, Egypt,
April 23.
1883-84.
The following
past week and for the
corresponding week of the previous two
years.
1882-83.
1881-82
Receipts < cantars*)—
This week....
Since Sept. 1
3,000
2,622,000
This
week.
Exports (bales)—
To Liverpool
To Continent
Total Europe
Since
3,000
6 500
2,233,000
2,809,720
Sept. 1.
This
week.
4,000 238,000
4,000 121,000
1,000
8.000 359,000
2,000
Since
This
week.
Sept. 1.
1,000 223,000
Sinct
Sept. 1
2,700 233,700
79,000|
302,000!
163.871
1883
Sept’mb’r
This last statement affords a very
interesting comparison of
the total movement for the three years at all India
ments
Tear
Monthly
1883.
1882.
343,812
326,656
October.. 1,046,092
980,584
SovembT 1,030,380 1,094,697
Deoemb’r 1,059,653 1,112,536
January
487,729
752,827
February. 385,938 595,598
Marob...
241,514 482,772
.
Beginning September
1881.
1880.
*
429,777
458,478
853,195
968,318
974,043 1,006,501
996,807 1,020,802
487,727 571,701
291,992
572,72*?
257,099
l.
1879.
333,643
888,492
942,272
956,461
647,140
447,918
261,913
476,582
1878.
288,848
689,264
779,237
893,664
618,727
566,824
303,955
Totalyear 4,595,118 5,315,670 4,290,640 5,075,110 4,480.842
4,140,519
of
tot. port
March 31.
88-80
90 39
8640
89-58
93-10
Tins statement shows that
up to March 31 the receipts at the
ports this year were 750,552 bales less than in
304,478 bales more than at the same time in 1881-82. 1882-83, and
By adding
to the above totals to Mar. 31 the
daily
receipts
since
that time,
we shall be able to reach an
exact comparison of the movement
for the different years.
1883-84.
1882-83.
1881-32.
1880-81.
1879-80. 1878-79.
Tot.Mr.31 4,595,118 5,345,670 4,290,640
5,075,110 4,430,842 4,140,519
Apr. I
5,344
8.
6,612
15,516
5,922
9,393
“
2....
5,770
8.
3,096
10,903
8,293
5,570
“
3....
4,556
-15,534
8.
7,501
6,324
6,785
1.
8,873
12,239
9,772
23,210
8.
11,236
“
5
6,155
7.048
13,597
13,035
8.237
5,491
“
6
S.
13,354
4,022
9,980
6,338
8.
“
7....
6,300
15,310
9,512
'
“
...
2,700 397,571
...
This statement shows that the
receipts for the week ending
April 23 were 3,000 cantars and the shipments to all Europe
8,000 bales.
Manchester Market.—Our report received from Manchester
to-night states that the market is quiet. We give the
prices of to-day below, and leave previous weeks’ prices for
comparison.
1884.
1883.
“
d.
Feb 22 S'*
a
29 S'*
4.
9
9
9
9
8*4 lbs.
Shirtings.
s.
5
5
5
5
d.
s.
7 ®7
7 Tbl
7t>
Mch.7 8*2 ®
6*237
4
11 S'* ft
7
37
44
21
9*« 5 7 37
44
23 S»8 ® 9V5 7 *2 37
Apr. 4 8h Tb 914 5 9 4 37
14
11 S'Hn- 9hc ,0 L0*2®7
41
18 378 'cb 93s 5 11
'(bl
14
25 87d ^ 938 5 11V27
•
Oott’n
Mid
UpHs
d
d.
32* Oop.
1 wist.
d.
d.
8*4 lbs.
Shirtings.
s.
d.
2*2
2*2
2*2
2*2
2*2
3*2
5>31(5 83g 3 9*8 5 10
8*2 3 9*4 5 10
57s
8'**8 3 9*4 5 10
57e
83a 3 9*4 5 9
578
5*°16 8**8 3 9*45 9
4
6*8
4*2
O^ia
5
5*2
6
3
9*4:5
8hf 3 9*4;5
8“ig3 9 *4i 5
6*4
8*0 3 9 *45
Oho 8*2 3 93s. 5
9
9
9
9
9
s.
37
37
37
37
37
37
37
37
37
37
d.
3
3
3
3
3
l'*
1*2
1*2
3
3
Ootl n
Mid.
Uptc 8
4,507
8.
9....
3,201
11.306
10....
3,319
6,628
2,782
18,304
7,506
9,434
15,738
8,615
13,264
9,431
“
“
“
“
...
11....
12...
i‘ 13....
“
L4....
“
15
“
16....
4.003
“
17....
“
18....
2,351
2,145
2,G36
“
19....
d.
«
5^8
20....
“
21....
5»16
59ig
55r
55e
59 lo
591H
5*8
55fi
55g
S.
6,101
5,187
■
32* Oop.
Twist.
8
“
22..
“
23....
“
24....
S.
8.939
f ,252
17,026
S.
3,275
2,282
3,919
<>
«•
9,035
8.
10,023
211
10,295
7,927
6,570
Total
6,243
5,264
4,717
7,337
8.
5,156
6,990
3,791
13,867
11,621
3,592
3.
8.
10,317
9,222
5,310
6,362
7,649
6,885
3,010
9,905
7,353
7,299
11,03*1
5,696
3,879
12.369
4,746
6,054
8,081
6,566
5,199
S.
4,708
5,513
S.
4,039
3,465
12,386
3,812
3,899
9,005
4,853
14^79
9,291
3,378
6,714
5,846
12,919
5,640
6,054
6,260
5,140
8.
8.
f,376
5,849
8,250
6,299
8.
8.
8.
r
ir;
4,356
9,100
4,423
8.
10,014
6,243
4,541
3,512
7,450
4,693,266 5,589,995 4,415,714 5,317,923 4,613,149 4,294,724
Percentage of total
92-86
port rec’pts Apr. 25
East India Exports.—Our advices
13,656
14,912
9,678
4,170
93-55
90-52
92*23
by cable from Bombay
prospect that the exports for
96-57
This statement shows that the receipts since
to-day state that there is every
Sept. 1 up to
to-night
are now 890,729 bales less than they were to the same
the half-year ending with June
30, 1881, “will reach 050,000 day of the month in 1883 and 277,552 bales more than
were
bales, against 1,125,000 bales in 1883 and 1,230,000 bales in 1882. to the same day of the month in 1882. We add to they
the table
the
East India Crop.—The
following is taken from Messrs. to percentages of total port receipts which had been received
April 25 in each ot’ the years named.
Wallace and Co.’s report, dated
Bombay, March 21:
Shipping News.—The
The quality of the Dholleiahnow tti riviiijur continues
satisfactory, both
regards appearance and staple, and ‘the quality of the Dhoderail
crops altogether will probably bo above the average,
although not
much of flic crop will consist of
superior cotton, that is to say of “ Fine"
and thereabouts, but on the other hand
there will probably be little
under “ Good," available for
shipment before the Monsoon, the bulk
running from “Good" to “Fully Good."
Arrivals of Broach, so far, class “ Fine," lmt in some eases,
are a little
deficient in staple. As
withDlmllerah,however, it is probable that there
will not he so iar^e a
proportion of the Broach crop consisting of “ Fine"
as was the ease last
year, llie bulk running about “ Fully Good."
Receipts of cotton into Bombay continue light, and are now 130.000
bales behind last year, but the
clearances only show a falling off of
60,000 bales. Now that Broach and Dhollorali
ate beginning to arrive,
however, there will probably be a cheek on the deficiency
in the receipts,
and, although it is not expected these will increase
as compared with
last year, the decrease will be more
gradual for the future, and not so
marked as has hitherto been the case.
as
Jute Butts, Bagging, &c.—The demand has
shown some
improvement since our last, and though the parcels are small,
there is more inquiry, and considerable stock
is being placed.
The demand for round lots does not
increase, buyers continu¬
ing their practice of taking only what they require for present
wants.
Dealers are steady as to price, and continue to
quote:
9^c. for 1*2 lbs., 10c. for \% lbs., 10%c. for 2 lbs. and ll^c.
for standard grade.
Butts have ruled rather quiet, and beyond
a few small orders
we hear of no transactions.
A few inqui¬
ries are
reported for parcels to arrive, and some business is
expected. The market is unchanged, prices
continuing about
steady, as an improvement is looked for shortly. At the close
the quotations are
2]4@2%c. for paper grades and 2%@2%c.
for bagging
qualities.
Short Time
in the
Cotton Mills.—An article
on
this sub¬
States the past
exports of cotton from the United
week,
as per
35,898 bales.
latent mail returns, have reached
So far as the Southern ports are concerned, these
are the same
exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to
night of this week.
New York—To
Gallia, 771
Liverpool,
Thursday
Total bale*.
Biitunnic, 1,375
Helvetia, *130—Gibers, 282—Republic,
per
steamers
471
To Havre, per steamer Labrador, 1,023
To Bremen, per steamer Main, 300
To Antwerp, per steamer Noordland, 50
New Orleans—To Liverpool, per steamers
?,329
1,028
30050
Francibca, 5,900....
Historian, 2,780
To Havre, per bark Cedar Croft, 3,301
To Reval, per steamer Yoxford, 2,350
To Genoa, per bark Luciano Serra. 1,108
Charleston—To Havre, per bark Stella Sorrento, 1,501
Galveston—To Liverpool, per bark Kobe, 1,125
Baltimore—To Liverpool, per steamer Nessmore, 2,442
To Bremen, per steamers America, 2,017
HoheuzoLleru,
8,686
3,301
2,356
1,108
1,501
1,125
2,442
—
3,495
Boston—To
Liverpool, per steamers Bavarian, 1,137
Missouri, 1,142
Norseman, 2,903
Philadelphia—To Liverpool, per steamer Lord Gough, 1,981...
..
Total.
The
form,
follows:
Liver-
New York
N. Orleans
Charleston
Galveston
Baltimore
Boston
5,182'
1,981
35,898
particulars of these shipments, arranged in
are as
3,512
our
usual
'
Ant-
pool. Havre, Bremen, werp.
3,329 1,028
300
50
8,686 3,304
1,501
1,125
Reval. Genoa.
2,350
Tola*.
4,707
1,108
15,448
1,501
1,125
ject will be found in our editorial columns, which Will be of
2,442
3,512
5,954
5,182
5,182
interest to our cotton readers.
Philadelp’a
1,981
1,981
Comparative Port Receipts and Daily Crop Movement.
Total
22,715 5,833 3,312
50 2,350 1,108 35,898
—A comparison of the
port movement by weeks is not accurate,
Below
we
the
add
clearances
this
of vessels carrying
week
as the weeks in
different years do not end on the same
day of cotton from United States ports, bringing our data down to
the month. We have
consequently added to our other standing the latest dates:
tables a daily and
monthly statement, tliat the reader may Galveston—For Vera Cruz—April 19—Ste.amer Whitney, 481.
constantly have before him the data for seeing the exact relative New Orleans—For Liverpool—April 18—Steamer Author, 2,726—
movement for the years named. The movement
April 19—Steamers Alice, 624; Ewiliano, 1,355....April 21—
each month
Steamer Hugo, 5,550.
since September 1, 1883, has been as
follows.
For Havre—April 19—Steamer Gracia, 2,519.
......
.
!
l
_
r
r
I
:CI
516
THE CHRONICLE.
f\n* Barcelona—Ayril 18—Bark Amazone, 1,000
April 21—Bark
[VOL. XXXVIII.
VVednes., Apr
Sunrise, 1.000.
For
»•
Genoa—April 21—Bark Ukraine, 615.
City*of Mexico, 887.
P'^T.TiMORK—For Liverpool—April 21—Steamers Circassian,
For Vera Cruz-April 19—Steamer
Oranmore, 1,431.
^Philadelphia—For Liverpool—April IS—Steamer
....April 22—Steamer Indiana, 1,706.
Open High Low. Clos.
'
1,300 ;
Britisli Crown, 2,100
Antwerp—April 22—Steamer Vadcrland, 50.
Below we give all news received to date of disasters
For
carrying cotton from United States ports, &c.:
.23.]
to vessels
Marseille, steamer (Fr.), Ruellan, from New Orleans, April 3, for Havre,
Antwerp and Bordeaux, put into Bermuda on April 12 with the
cotton in two of the compartments on lire. The lire was com¬
pletely extinguished on the morning of the 14th by the naval
authorities, the work having been given into their charge by tire
master and underwriter’s agents.
The cargo of the Marseille for
Havre consisted of 0,890 bales cotton, etc., for Antwerp, 200 bales
cotton, etc. About 50 bales of cotton were thrown overboard as
they were broken out of the hold, and drifted ashore, and 400 bales
*>f cotton were discharged into lighters and taken to the dockyard
or places contiguous thereto.
It will he necessary to break out
about 300 bales more, so as to get at the grain in the bottom of
the two compartments, as it is badly damaged by the water thrown
into the hold while the ship was at sea. A survey by naval oilicers
was held on the 16th, but their report is not yet known.
ASIAXA ship (Br.). before reported, from New Orleans for Liverpool, at
Bermuda in distress. The leaks in the bottom of ship Asiana had
been ciscovered aud repaired by engineers on April 16, and she
would commence reloading her cargo on April 17th or 16th.
Thurs., Apr. 24.
Fri., Apr. 25.
Open High Low. Clos.
Open High Low. Clos.
d.
d.
d.
d.
d.
d.
d.
1
!
6 12
0 12
6 11
0 11
0 10
0 10
610
0 10
0 11
6 12
011
6 11
6 10
0 10
6 10
6 10
|
013
6 13
6 13
6 13
0 12
0 12
0 11
611
6 18
0 18
6 18
0 17
6 17
0 16
0 16
6 10
610
6 22
0 22
0 22
0 22
0 22
0 22
0 20
6 21
0 20
0 21
0 27
6 20
0 26
0 27
6 27
6 26
626
6 25
6 25
6 25
0 25
0 23
0 29
0 28
0 28
6 29
0 28
0 28
6 29
0 27
6 27
6 27
6 27
624
6 24
0 23
0 23
6 23
6 24
0 23
0 24
6 22
6 23
6 22
0 22
Oct.-Nov....
6 13
0 13
6 12
0 12
0 12
6 12
6 11
6 11
Nov.-Dee...
0 03
0C8
0 08
0 08
0 03
0 08
0 07
0 07
d.
d.
d.
d.
0 13
0 13
0 12
6 12
April-May.. 6 12
May-June.. 6 13
Jnne-July.. 617
0 13
0 12
6 12
614
0 13
6 13
is
0 17
0 22
6 23
Aug.-Sept.. 0 23
September..
Sept.-Oct...
April
July-Aug...
Dec.-Jan....
Jan.-Feb
.
6
....
....
....
....
....
.
.
....
....
...
•
•
.
*
'
*
*
*
#
*
....
....
..4.
....
....
....
....
....
....
....
*
# *
....
....
....
*
....
*
*
*
*
d.
*
*
*
*
*
*
*
•
*
•
•
•
....
BREADSTUFFS.
Friday, P. M
Flour has been
,
April 25, 1884.
in better demand and has advanced in
to a rise in wheat. The s'atistical position remains
essentially the same as heretofore, but the tone is generally
Cotton freights the past week have been as follows:
more cheerful.
It is claimed that in some cases the prices
current for some time past have been almost unremunerative.
Fid.
Tues.
Wednes. Thurs.
Mon.
Satur.
To-day there was a very fair business at firm prices.
33 2*
332*7G4* 332#7<34* 332®7G4* *32#'7t4*
Uverpool, steam d.
Wheat has shown a very marked advance, due almost solely
Do
sail.-.d
to a fright among the shorts here and at the West and a large
3&*
3a*
3s*
38*
38*
3s*
Havre, steam—c.
demand at times to cover contracts.
The export demand,
Do
sail
c.
3y*
3qv
3a*
3fl*
V
3a*
moreover,
improvement,
owing
to firmer foreign
has
shown
an
Bremen, steam, .c.
tk>
sail
c.
markets; hut although on one day the sales were large, the busi¬
5lU
B10*
®ie*
6lbA
Hamburg, steam. c.
ness has since been greatly reduced by the firmness of holders.
Do
sail...c.
The visible supply has shown some decrease and the weather
1332*
1332*
1S32*
1332*
l's32*
*332*
Amat'd’m, steam.e.
at the West lias not been quite so favorable as heretofore, but
Do
sail.-.c.
7;j2*
732*
732*
732*
732
the upward movement has been chiefly due, it is contended,
732*
c
Eeval, steam
Do
sail...—c.
to speculative manipulation.
Within two days the bulls have
V
58® V
5s® 3.j‘
Barcelona, steam, c. 56 3 V
put
4
to
per
up
prices
cents
bushel, and to-day it was re¬
*2*
Lj*
Lj*
Lj*
V
V
c.
<3enoa, steam
ported
brokers
on
that
three
the
short side of. the market had
hi*
hr
V
V
Trieste, steam ...c.
failed
to
510*
B16*
5m*
5ie*
B10*
Antwerp, steam..c.
respond to further calls for margins. To-day wheat
Compressed.
*
on the spot advanced 2c.
but the export trade was light at the
Liverpool.—By cable from Liverpool, we have the following higher figures. Options, however, were active, excited and 2c.
statement of the week’s sales, stocks, &<\, at that port.
We to
o%c. higher. No. 2 red sold at $1 073^@$1 lO3^ for May,
add previous weeks for comparison.
.$1 09;q@$l 127a for June, $1
10 for July and $1 07@
April 4. April 10 April 18 April 25
$1 08 for August. No. 2 red closed at $1 10 in elevator, $1
for May, $1 127a f°r June, $108 for July, .$1 07 for August and
53,000
51,000
Bales of the week
bales.
77,000
63,000
Of which exporters took
12,000
16,000
6,500
11,100
This shows an advance for the week
8.800
3,500
Of which speculators took..
10,000
3,500 $1 07for September.
Bales American
50,000
39,000
35,000 of 6}£c. on the spot, 8c. for May and 7}£c. for June.
31,000
The rise
6,400
1,200
response
r
—
—
-
*
....
•
Actual export
6,800
1,900
Forwarded
13,200
13,000
13,400
11,000
Total stock -Estimated
1,060,000 1,049.000 1,054,000 1.063,000
Of which American—Estim’d
782,000
796,000
790,000
785,000
52,000
60,000
75,000
Total import of the week
73,000
Of which American
25,000
42,000
39,000
68,000
262,000
248,000
235.000
Amount afloat
212,000
11 0,000
Of which American
143,000
121,000
83,000
in the later deliveries is much less.
Indian
corn
has been only moderately active, as a
rule,
on
speculation, though bn two days of the week a good business
took place, and prices, in response to an advance in wheat,
have of late been higher.
The export trade has been small,
The tone of the Liverpool market for spots and futures each and in fact the interest, as a rule, has centered in wheat, and
day of the week ending April 25. and the daily closing prices corn has been influenced by that cereal. To-day there was a
of spot cotton, have been as follows:
moderate bnsiness at an advance of 1 to lj^c.
No. 2 mixed
at
closed
Wednes.
Saturday Monday. Tuesday.
Thursd’y. Friday.
63f£c. in elevator, 6238c. for May, 623,£c. for June,
Spot.
for July and Go’j'c. for August, showing an advance for
G4c.
Quiet
Market, \
Dull.
but
Dull.
Dull.
Dull.
Quiet.
the week of '3c. on the spot and lc.' to 2c. for options.
12:30 p.m. }
steady.
Mid Upl’ds
6U
oq
6*115
C3io
6*1 d
Rye and barley have been quiet. Oats have sold to a moder¬
q?i6
63a
6^3
6° ic,
Mid.Orl’ns
6^10
6uid
ate extent, and latterly have advanced.
To-day there was a
10.000
10,000
10,000
Sales
10,000
10,000
8,000
fractional
rise.
at
No.
2
mixed
sold
3714@37/4c.
for May and
2,000
2,000
2,600
3,000
1,500
2,000
Spec.& exp.
37Ft@38J4c. for June. No. 2 mixed clcscd at 37;'8c. for May
futures.
and 68}£c. for June.
Dull
These figures are lc. higher than those
Market, £
and
Dull.
Steady.
Firmer.
Steady.
Quiet.
of a week ago.
12:30p.m. j
easier.
The following are closing quotations:
Market, j
5 P. M.
Steady.
\
Finn.
Quiet.
Steady.
Quiet.
The opening,
highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
tW'The prices arc pivot, in pence ctndGUhs, thus: 5 62
and 6 03
means
5 62-64d.,
means
6 3-643.
FLOUR.
No. 2 spring...$
No. 2 winter
!
Mon., Apr. Zi.
2 40#
2 00
Minn, clear and stra’fc
Winter shipp’g extras.
Winter
and
clear
straight
:
Corn meal—
4 25 #
5 23#
<1.
GRAIN".
.
Open Hi ph Low. Clou. 'Open High Low. Cloti.
j
d.
a.
(i.
0 13
0 13
0 13
0 13
0 13
0 13
0 15
0 11
0 14
0 ID
0 18
0 24
d.
j 6 10
d.
d
6 10
0 10
6 14
0 12
0 12
0 12
'on
0 14
6 12
6 15
0 13
0 15
0 is
6 17
6 17
0 10
0 17
0 18
6 19
0 18
6 19
0 23
6 23
! 0 21
6 21
0 20
6 21
-6 22
(! ,?:
C 22
0 24
0 28
0 20
6 27
; 0 25
0 25
0 24
0 "•
02!
0
3
0 27
0 28
02y
6 29
0 29
-‘J
0 ;;o
6 29
0 30
6 25
6 24
0 24
!
i
0 20
0 24
0 20
0 27
H 27
0 27
6 :.7
O
0 22
0 22
6 22
6 2;
d
0 14
0 11
Wot.-Dec..
0 03
|
018
0 OS
CCS
! 6 00
d.-
d.
0 10
0 14
....
d.
6 10
0 12
!
0 14
Dee.- Jan....
d.
0 10
j 00 12
12
Oct .-Nov....
Jxn.-Feb....
!
il.
0 10
•
•
•
.
....
j
....
....
....
•
•
•
*
0 00
•
•
•
•
6 06
....
....
0 14
0 12
6 14
....
0C6
_
....
9
1
i
....
....
..
1
.
...
3 00# 3 25
3 25# 3 35
Western, &c
Brandywine, Ao
6 00
6 75
Tues., Apr.
I
6 13
April
April-May.. 6 13
6 15
Itoy-June
Jnne-July.. 6 19
Jaly-Aug... 6 24
Aug—Sept.. 0 28
Slept ember.. 0 29
Sept.-Oct... 6 25
bakers' and
family brands
4 40# 6 00
South’n sLip’g extras 3 50 # 5 25
Rye flour, superfine..3 40# 3 60
4 25# 5 75
3 35# 3 60
I Corn-
WheatOpen High Low. a os.
Southern
Superfine
2 8o# 3 35
Spring wheat extras.. 3 25 # 4 50
Patents, spring
Sat., Apr. lf>.
Patents, winter.... $5 50# 6 75
City shipping extras.5 00# 5 10
bbl. $2 25# 2 60
....
Spring, per bush.
Spring No. 2
Red winter, No. 2
Red winter
White
White No. 1
0 iru—West, mixed
West. mix. No. 2.
White Southern..
Yellow Southern.
Western white...
90
102
1 09
84
#1 02
«....
it
#104
#
56 #
63 q#
68
#
68
64
64
70
#
65
#70
I
Western Yellow
Rye—Western
State
Canada
Oats—Mixed
White....
No. 2 mixed
No. 2 white
#
.
65
#
74
'#
30 #
42*4#
37J4#
42%#
Bariev— No. 1 Canada. 94
No. 2 Canada
Stale, two-rowed
State, six-rowed
90
@
65
72
75
3s
47
38
43h
95
#—
#—
....# —
in^the
The movement of breadstuff's to market is indicated
statements below, prepared by ns from the figures of the
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending April 19 and since Aug.
New
for each of the last tlnee years:
1
THE
26, 1884. J
ArKiL
Flour.
Receipts at—
Wheat.
Corn.
Oats.
Barley.
CHRONICLE.
goods by large buyers, and some fair orders for both foreign
and domestic fabrics were placed for future
delivery, but such
cases were
exceptional. The local jobbing trade was only
moderate as a rule, but a fair business was done
by housesthat cater especially for the wants of State and
near-by
retailers. Southern trade continues light and in the main dis¬
appointing, but the aspect in the West and Southwest is
steadily improving, and hopes are now entertained that a
fair average spring trade will be
accomplished in the latter
sections as well as in the near-by States.
Domestic Cotton Goods.—The exports of cotton
goods
from this port for the week were 2,050
packages, including
1,410 to Great*Britain, 182 to Mexico, 104 to Brazil, 82 to Haytir
etc.
There was a steady movement in
plain and colored cot¬
tons on account of back orders, but new business
was
restricted in volume as far as the package
houses are con¬
cerned, and the jobbing trade was strictly moderate. Brown
sheetings and drills were less active, but stocks have been
materially reduced of late and prices remain firm. Bleached
goods were in lessened demand but firm, and wide sheetings
and corset jeans continued in
steady request. Further large
sales
Rye.
Bbls.lUGlhs Bush.GOlbs Bush.bGlbs Bush. 32 lbs Bush AS lbs Bush.5G lb>
■
71,923
78,473
1,884
2,763
2,670
23,192
Chicago
Milwaukee..
Detroit
Cleveland. ..
8t.Louis ....
Peoria
114,272
CIS,515
11,520
55,056
40,594
33,217
22,430
80,357
10,100
14.S74
925
Diguth
421,393
43,987
7,504
34,190
20,750
173,209
204,470
90,370
14,203
15,500
198,540
Id/}t)<vO
47,430
15.S7S
52,803
5,< 00
U8.270
1,920
>8.080!
35,803
14,000
2,403
0,000
Tot. wk. ’84
181.840
412,900
1,100,183
20,203
90,870
418.813
193,512
43,173
Same wk. ’82
130,3S8
508,927
817,009
1,738,202
908,593
733.082
179,115
game wk. ’83
1,146,332
142,779
33,548
1883
6,SOS.092
00,523,895
7.271.579
5.90 >.255
65.030.470
8?,641.304
70,417,333
47,238,8 8
37.940,450
15.815.S75
14,130,322
6,192697
1882
34.860 826
84 764 890
27.784.303
“11.087,379
3.381 575
BinceAug.l—
1881
3,642,005
The exports
from tiie several seaboard ports for the week
ending April 19, 1831, are shown in the annexed statement:
Exports
Flour.
from —
Wheat.
Corn.
Bbls.
Bush.
499,401
Boston...
59,159
39.084
Portlaud.
2,417
59,804
New York
Bush.
140,095
100.201
Oats.
ft? £
Peas.
Bush.
Bush.
Bush.
3,259
07,581
19,418
70,530
617
of cotton flannels
made for future
were
delivery,
prices barely remunerative to the manufacturers.
1,224
but afc
In colored
cottons there was no movement of
importance, and white
goods ruled quiet in first hands. Print cloths were in moderate
demand and a trifle easier, and there was an irregular demand
flilladel..
5.314
1,82 018
2 1,090
Baltitu’re
9.320
2 79,9. >3
438,58 J
for printed calicoes end lawns.
Wash fabiics and ginghams
N.Orl’ns
1,018
72,075
were fairly active with
jobbers and in moderate request at
110,312
agents’ bands.
Total w’k.
3 JLd ^0 /
009,107
3,720
70,530
41,150
6’mo time
Domestic; Woolen Goods.—There was a freer movement
8
1883.
135.006
18.753
9.80.011
485
39.712
29,503
in heavy clothing woolens on account of former
orders, but
new
business failed to realize expectations.
There, were
more buyers in the market than of late, but their
corresponding peri > 1 of list year for comparison:
purchases
were mainly confined to small
parcels of cassimeres, worsteds
Floor.
Wheat.
Corn.
and overcoatings, and transactions were light in the
aggre¬
Exports
gate. Satinets wore in pretty good demand, and a more active
1884.
1883.
for week
1881.
1883.
1884.
1883.
io—
business was done in Kentucky jeans than for some time
Week,
Week,
Week,
Week,
Week,
Week.
past/
A pr. 21.
Apr. 19.
Apr. 21.
White flannels were ordered with some freedom (for future
Apr. 19.
Apr. 19.
Apr. 21.
delivery), and there was a steady call for ladies' cloths, stock¬
Jib Is.
Bbls.
Bosh.
Bush.
Bosh.
Bush.
inettes and Jersey cloths by manufacturing houses and
03.855
85 973 1,008.830
Un.King.
429,231
213,048
715,092
job¬
Contin’nt
1 (:52
1,728
329.085
bers.
Worsted dress goods were in irregular demand, but
2 41,205
419,521
350.00 L
1 1.557
B.&C.Ain
17
10,039
33.300
19,000
some very fair orders for all-wool and
W. Indie.cotton-warp cashmeres,
19.8 *3
13.93 <
2.111
5,1 U
8.24 2
Brit. Col’t
beiges, etc were placed for the fall trade. Carpets ruled quiet
12 327
10.714
3,5 >0
2,370
Otb.c’ntb
001
in first hands, and the demand for hosiery and knit underwear
30 4
was light and
irregular.
Total...
110 312
135.005 1,343,073
8 }8.755
980
009.107
Montreal,
440
39,955
-
.
i
ij
f
..
-
!
.
,
...
v- -•
Oil
Foreign Dry Goods.—There was a continuation of the
light
demand lately reported by importers, so far as seasonable
By adr ing this week's movement to our previous totals we
have the following statement of
exports since September 1,
this
season
and last
Hour.
Exports since
IS)-3-84.
Sept. 1, to— Sept. 1 to
Apr. 19.
Wheat.
request, but the demand for black and colored silks
Corn.
1382-83.
1883-34.
1882-83.
1883-84.
1882-S3.
Sept. 1 to
Sept. 1 to
A pr. 21.
Sept. 1 to
Apr. 19.
Sept. 1 to
Apr. 21.
Sept. 1 to
Apr. 19.
Bbls.
Bush.
Bush.
Bush.
Bush.
29.4 ;s 923
18,282.119
20,550.701
Bbls.
3,808.272
259.911
382 313
17,304.251
11,235 551
22,776,131
0.228,003
6. & C. Aru...
West Indies.
Brit. Col’nies
Oth. countr’s
3,710,670
■119 009
461.918
1.223
101.930
254,012
523,907
0 9.559
37,oSd
DD%D»jO,
1.210.343
282.012
380.0*3
304 201
8 010
7.8-I6
115.318
4,536 582
4
29.002
17,567
203,206
115,739
4.975.198
6.387 268
2S.60 3.99-1
52.590 555
20.233.651
24.933,503
*
•
was con¬
and fine
grades.
demand for other
imported fabrics was chieliy of a hand-to-mouth character.
Stocks are in fair condition, as a rule, but large quantities of
hosiery, gloves and China mattings (which are seemingly in
over-supply)
auction
are
seeking
outlet through the medium of the
an
rooms.
Importations of Pry C2oo<1*.
2 3 >,287
75,338
105.905
t
fined to small re-assortments of medium
Dress goods were lightly dealt in, and the
A)>r. 21.
Bn. Kingdom
Continent...
Total.-
goods are concerned, but some fair orders were booked for fall
and winter fabrics to arrive.
Summer silks were in moderate
season:
The visible supply of grain,
comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
Wheat,
Jn store at—
New York
Do afloat (oist.).
/;
h.
2.631} (MO
o ■;
12 J
Albany
,000
0
B a Halo
Oh lea £0)
Do '.'illicit..
4 50. '.50
10,237,6 .7
19
.276
Milwaukee........
1.13! ,284
Toledo.....
2,73-^,268
1,6 3 3. (.20
Duluth
Detroit
688.8-8
Oswego
8 2<i.-0
8t. Lou i8
6 ’0,402
8 >,230
2 14.03'?
T0r,6 i 2
263.121
7 a 1. i c 7
Cincinnati
Boston
Toronto....
Montreal
Philadelphia
Peoria
7,809
Indianapolis
fils'ioo
Kansas City
288,14 2
Bnlriinore
077,27 L
Down Mississippi.
On vail
On lake
Tot.
Tot.
Tot.
Tot.
l,assist
*.
71,218
Corn,
Oats,
bash.
bush.
808.040 1,46 s,-200
1 10 460
no,00.)
28,600
20,8’UO
CO, 167
0.0 ;6,('30
81 7,079
3 S1,o1 3
1,15 1,251
12,830
1,232 *. C O
2,877
*>
;'•*,<* >*7* (I
22,171
was as
Farley,
Rye,
hvc,h.
07,412
47,870
99.800
27.500
50 000
1 9.000
1)7.186
12,872
If 9,123 1,037,498
Apr. 22,r“2.
I '.bn* 46 l
322*172
19,03*7
3
o0
494
04.(810
5(i.0'2 7
2 S5.0C 8
23.931
104,495
7,733
22,393
12 1,505
9.314
123,229
12.821
23 8513
5*3.402
27.900
30 >.780
901.003
220,108
907.550
78,7 8.j
5.0.) 5
80.278
12,735
32.848
18
137.00>)
10.758
100
43*2*77
15 030
2,840
-
55,87S
2,413
19,SAV-32 12,829,138 3/217,537 1,440,075
238,2:8
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TRADE.
Friday, P. M., April 25, 1884.
-was only moderate the past
The movement in dry goods
week, but th. lone of the market was steady. There was a
re-action from the comparative activity lately noticed in
j
.
185,485
2,000
911,298
DRY
r
;
i
014,084
THE
!
,
•*
87,210
15,000
20,091
7,039
30.070
8 3 1 9.520 2.222,247
—
Cj |
Apr. 19.*84. 2 1,179,280 15.5-0,302 3,739.927 1,037,282 1.05.0,037
Apr. 12.V-4: 2 ,173,093 10,578.005 4.138,556 1,181.25-4,8 ‘.9.190
Apr. 2}. r>3. 21.201,544 17.OSl,940 4,020.029
980,(123 1,708.05s
Tot. Apr. 23,'81.
|
—
35,; 8;)
85.000
2. HO.C58
25,4 ;:c
401.074
>~*
.
1
r-f
b vs!‘.
:
follows:
!
ports, and in transit by rail and water, April 19, 1881,
O 10 M Z0 GO
'
■
—*'*■'
O’l
'
b
D
©
03
re © o 03 / t/y
OtAj-jO.pt
tokb*4b
x to o -1
-1 u
■
©
—•
S.
j &
j S*
1
*
00
THE
518
milters.
alt i move
J.Wm
^Slcstevn
Wm. B. Oliter.
Middendoup.
Middendorf,Oliver & Co.
BANKERS
7
AND
(KEYSER
Nos.
&
23
25
Box 397.
INVESTMENT
BROKERS,
176
Wilson, Colston & Co.,
BANKERS
AND BROKERS,
BALTIMORE.
INVESTMENT and SOUTHERN SECURITIES
information
and
The funding'of entire issues receives special atten¬
tion. Write us if you wish to buy or sell.
Texas Land &
COMPANY
Robert Garrett & Sons,
BANKERS,
And all kinds of
COTTON
CANVAS,
FELTING
DUCK, CAR
COVERING, BAGGING, RAVENS DUCK,SAIL
TWINES, &<?., “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.
(OF
Pransact
Mortgage
Also, Agents
LIMITED,
UNITED
LONDON, ENGLAND),
A full
general Financial and Agency Business in
a
the State of Texas and
\'ew York Correspondents:
Blakk Bkos. & Co..
Wall street.
STREE T,
SOUTH
COTTON SAILDUCK
THE
fui-
Co.,
Manufacturers and Dealers !c
PCiVTTAQ! State, County, City, Town, 8chool,
DL/LM U'O, and Car Trust Bought and Sold.
N. Y. Correspondents—McKlin Brothers & Co.
7
&
a
.nisbed.
No.
Brinckerhoff, Turner
STREET,
CHICAGO, ILL.
BALTIMORE, HID'.
solicited
Co.,
BANKERS,
DEARBORN
STREET,
Members Baltimore Stock Exchange.
specialty.
Correspondence
Commercial ©arils.
~
No
XXXVII1
[Vol.
Skmltcrs.
N.W. Harris &
BUILDING),
GERMAN
CHRONICLE.
Europe.
STATES
BUNTING CO.
supply, all Widths and Colors, always In stock
No. 109 Duane Street.
C. E. WELLESLEY,
General Manager,
Dallas. Texas.
Jnsn ranee.
BALTIMORE,
AND
Montana National
■jiTiiiwinimr—mmmmmmmmmmmmmmmmmmmmmm
HELENA, M. T.
'TRANSACT
DOMESTIC
GENERAL
A
BANKING
FOREIGN
BUSINESS.
Bank,
The United States Life
Insurance
UNITED STATES DEPOSITORY.
j&mtUcvw jla niters.
Thos. P. Miller & Co.,
Capital,
........
IN
THE
$250,000
0. A. Broadwater, Pres’t. A. G. CLARKE.V.-Pres’t.
E. Sharpe, Cashier.
T.
Special attention paid to collections, with prompt
Buy and sell State of Alabama and City
Correspondents.—Bank of the State of New York
New York ; Louisiana National Bank. New Orleans;
Bank nf Liverpool. Limited. Liverpool.
CITY
HANK
OF
Houston,
HOUSTON,
Fine Custom Shirts
Texas.
attention to
collections
on
all
C. C.
Baldwin, W. B. Butts, Rob’t Brewster, S. K.
Mcllhenny, B. F. Weems.
B. F. WEEMS, Cashier.
BENJ. A. BOTTS.Pres’t
P. a. Wiley,
Cashier.
The Bank of
Specialty.
Twenty Years’ experience war¬
Over
Directors.—Benjamin A. Bolts, Pres't; F. A.Bice,
W. T. Blackwell,
President.
Durham,
the
rants
Shirts
ance
antee
assertion
our
that
our
Dress
With ample means, and facilities excelled by no
Sank In the State, invites correspondence and pays
cpecial attention to collections.
A. K. WALKER, Cashier
First National
Bank,
WILMINGTON, N. €.
ollectlona made
unequaled for style, appear¬
and workmanship.
We guar¬
in all cases a perfect fit.
SAM L EE
BUDD,
Broadway &. 21th Street, New York.
BANK
OF
Joy, Lincoln & Motley,
SUCCESSORS TO
E. R.
MUDGE, SAWYER & CO.,
*3 A 45 White Street,
MERCHANTS’
NATIONAL
HANK,
RICHMOND, VIRGINIA.
>cean Mills
BANKERS
AND
Comparison of Business
Bliss, Fabyan & Co.,
New York, Boston,
COMMISSION
&
(O.,
Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
& BLEACHED SHIRTINGS
AND
BRANCH, President.
fiSRWCIl
PRINTS,
New Insurance Written
Insurance in force
Assets
MARINE AND INLAND INSURANCE
COMMERCIAL
INSURANCE
57
&
59 WILLIAM
Thos. M. Thornton.
■JV„
war. W. Thornton, <
F, TIIQKKTOX
Drills, iSheelings, cCc., for Export Trade.
A’
iH? A N K E R fi
L.
Everingham & Co.,
(Established 1S05.)
COMMISSION MERCHANTS.
CHAMBER
Street,
OF
A N fi*
CRA X \
SO\,
United States Securities
Rank Stocks of New York Citv Banks
and Cash in Banks
Premium Notes, Cash Premiums,
surance and other Claims
C Elections made in' Shelby and adjoining Counties
’ Proceeds remitted on Day of Payment .
Bank Indianapolis.
ESTABLISHED
p,
F.
CO.,
OLIVE
STREET, ST. LOUIS,
Dealers in Western Securities.
Defaulted Bonds of Missouri Kansas and Illinois a
Specialty. Good Investment Securities, paying from
<uk to 10 per cent, for sale.
References in New York, by permission, Clark
305
eferences
Louis.
Sodge
Hatchgenerally.
& Foote. 12 Wall St.
& Co.,in51St.Wall
St.;Banks
<3,558 05
January 1, 1884
$739,091 00
W. IRVING COMES. President.
Henry D. King. Sec. Wainwright Hardik V.-P.
S3T This Company issues Certificates of Insurance,
losses payable in LONDON, at
BROWN. SHIPLEY & CO.
its Bankers, Messrs.
THIRTY-FOURTH
Life Insurance
YEAR.
Company
156 & 15$
Broadway, New York.
Old and tried, solid, conservative, economical. New
form of policy—plain,
liberal, incontestable, non¬
forfeitable. Non-participating, very low rate policies
issued, as welLas t be ordinary participating ordinary
rate policies.
Liberal surrender values. Write for
information and agencies.
b
II.
N.
STOKES, President.
WEMPLE,-Sec’y.
STKBBINS, At’y.
J. L. HALSEY, 1st V. Pres
11. B. STOKES. 2d V. Pres.
PROVISIONS,
1855.
STATIONER
&
AND
F. S. WINSTON,
Cole,
PRINTER,
Supplies Banks, Bankers, Stock Brokers and Cor¬
porations with complete outfits of Account Books
und Stationery.
££f“ New concerns organizing will have their
promptly executed.
ders
No. 1
AVILLIAM
(HANOVER
STREET,
SQUARE.)
LIFE
MUTUAL
INSURANCE 00. OE NEW YORK.
EUGENE R. COLE, Successor to
Sears
1871.
HELEIIER
A AD
ESTABLISHED
REFERENCES—National Bank of Commerce.Nev?
S irrisop’s
235,007 15
Rein¬
the Chicago Board
n
Y >rk. Union National Bank, Cincinnati. Third
K Atonal Bank. St. Louis. Traders’ Bank, Chicago,
$314,105 00
110,420 80
...
II. Y.
of Trade, for cash or future
delivery, a specialty.
Special information, indicating course of markets,
fceely furnished upon request.
on
li K O B. E If
YORK.
City and other Stocks and Bonds, Loans
COMMERCE),
THE PURCHASE AND SALK OF
anr,
BIIELBYVILLE, ILLINOIS.
NEW
OF NEW YORK.
(ADJOINING
(Established 1859,}
COMPANY,
STREET,
MANHATTAN
CHICAGO.
.
MUTUAL
ASSETS.
TICKS, DUCKS, &C.
125 La Salle
tSacstcrn ilanhcrs.
475,023 98
1882,
over
87 per cent.
GOOD AGENTS, desiring to represent the Coru-
RICHMOND, VIRGINIA.
Railroad, for sale.
1883.
$2 800,000 00 $5,231,000 00
16,700,000 00 18,800,000 00
5,116.S14 40 5,268,212 48
Payments to policy-holders
459,670 40
Increase In new business written in 1883
SHEETINGS,
DENIMS,
Towel*, Quilt*,White Good* & Hosiery
MERCHANTS
Virginia Bonds funded undor the Funding Act
■jaissed by the last Legislature, fur Hi per cent commis¬
sion. New North Carolina 0 percent bonds, secured
hj lien on the Stute’s stock in the North Carolina
Two Years.
for
1882.
Total Assets,
SHOWN
F^Glenn. Cash. Fred. R. Scott. Vice-J’resL
THOMAS
Co., Atlantic Cotton Mills,
Chicopee Mlg, Co.,
llerton New Mill*,
White Mfg. Co.,
Saratoga Victory Mfg. Co.,
lIo«iery and Yarn Mill*.
Collections made on all Southern points on best
terms; prompt returns.
JOHN P.
with the largest liber¬
the popularity and success of this Co.
All forms of Tontine Policies issued.
CHARLESTON,
Bpeciat. Attention given to Collections.
assures
AGENTS FOR
Stages
CHARLESTON, S. €.
John
15 Chauncey Street,
BOSTON.
NEW YORK.
Pringle, Cash
National Banking Association
.
Absolute security, combined
ality,
Sany.
are invited
to address
J. 8.Office.
GAFFNEY,
uperintendent
of Agencies,
at Home
Peabody Mill*,
all parts of the United
on
Wm. C. Courtney. Pres. Ernest H.
BROS NAN, President.
All Policies henceforth issued are incontestable
for any cause after three years.
Death Claims paid at once as soon- as satisfactory
proofs are received at the Home Office.
are
DURHAM, N. €.,
B. BCRRUSS, Pres’t.
H.
clusively.
SAMUEL BUDD.
CAPITAL, $500,000,
We give special
accessible points.
YORK,
1850.)
Geo. II. BuitFOitn, Actuary.
By an act of the Legislature of this State this Com¬
pany’s charter was so amended in 1882 that hereafter
all the profits shall belong to the policy-holders ex¬
(Commercial Cards.
Of Mobile Bonds.
THE
NEW
IN
C. P. Fraleigh, Sec’y. A. Wheelwright, Ass’t Sec
remittances at current rates of exchange on day of
payment.
OF
261, 262 & 263 Broadway, New York.
BANKERS,
MOBILE, ALABAMA.
CITY
(ORGANIZED
Co.
or¬
Prcsiden-.
ISSTES EVERY DESCRIPTION OF
LIFEA EN1) 0 WMEN T V OLICIES
Rates Lower than other
Companies.
ORGANIZED APRIL 14, 1842.
Assets,
-
-
$101,148,248 25
@FedFRASER