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JHE,

mmtk

AND

HUNT'S MERCHANTS' MAGAZINE.
THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.

ift^PRESENTING

YOL.

NEW

42.

YORK, APRIL

^tttaiicial.

^inatijcial.

^itiattcial.
OEO. STiiROES,

AMERICAN

-

DIAMONDS.

Bank Note Company,
78 TO 86 TRINITY PLACE,

NEW
Bu»ltic»ii

UroTTMimr-l

uwdr

YORK.

&

Alfred H. Smith

Founded 179&.

Co.,

IMPORTERS,

New Torhi IS&S.
Kcorieuttizcd 18T9.
rf Slate of

Ijiiri

182 Broadvaj, Cor. John Street.

Fngraveks and Printers of

30NDS, POSTAGE & REVENUE STAMPS,
.ECAL TENDER AMD NATIONAL BANK
40TES of the UNITED STATES; and for

ENGRAVING AND PRINTING,
lASK NOTES, SHARK CEUTIF1CATE8, BONBS
OB GO\EU.N"ME.\TS AM> COltPOUATIOSTS,
>R.\FTS, ('HE(.KS, HILLS OP KXCHANeE,
lu the flnesc

FHOM »TE£L
let SPIII.II.

und most artlstlo
PL.VTES,

SAH;(^IARDS to PRFVKXT

C

Btyle

OryTKBrEITIKd

Sprrlsl papi'FN cinnufiirtiinKl ovrlaiilvplf Tor
use or till} i'unipnnr.

GORHAM MTg

Co.,
SIIiTERSMITIIS,
BROADWAY AND NINETEENTH ST.

SAFETY PAPERS.

AFETY COLORS.

AND

Work Kxecuted

In Fireproof Hulldlnffn.
UTHOORAPHIC AND TYPE PRINTINO.

MAIDEN LANE.

9

:

iSA P. Potter,

Pres't.

J.

w. Work, Cashier.

iaverick National Bank,
BOSTON.
APITAL,
I^RPLl

$400,000
400,000

S,

Bros.
B ANKBB8,

inililirArKEE, WIS.
In any part of the country
at lowest rates. Accounts of Bunks, Merchants and
others solicited.

.

Himrls

.-md

.s.

II.

inrt (Sold

Government

;

Members N.T. and Philadelphia Stock Bxehanges.

H. Taylor

L.
W.

73
t

Eichanno

unsfera on the Union
ii

Private wire to

Investment Securities.
New York.Baltlmore and other places

.

for

libera

Neiv York Stock Kxchange.

INKER

dc

WESTON,

BANKERS AND BROKERS.
a

EXCHANGE COURT,
Nevr York.

HT
-'

C.

Tinker. Member N. y. Stock Exoh.

SSELA EH

&

Co.,

No. 25

NASSAU

ST.,

NEW YORK.

P. 0.

BOX

\,<H.

Transact a general banking business. Including the
pnrchnso and sale of securities listed at the New
Fork Stock Exchange, or In the open market.

i..ans(lale

Boardman,

YORK, 80 BROADWAY & 5 NEW 8T

llOV, N. Y., No. 17 FIRST STREET.
Kich xe membershlpi private wire-,

all facilities

Yorfc

Stock Exchange.

PINE STREET,

38

CORRESPONDENCE SOLICITED.

&

Gaboon e

Wescott,

18 Wall Street,
E.vecute Orders in all

NEW YORK

New

York,
on

Securities Listed

STOCK EXCHANGE.

.

Special Attention given to

Correspondence Solicited.

Government, State, County. City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject of inrest
mcnts for institutions and trust funds.

& Floyd,
BROKERS,
STOCK
Walsh

BROAD STREET, NEW YORK.

NicoLt Flotd. Jb
JAMES W. Walsh, Jr.,
Member N. T. Stock Exchange.

&

Buttrick

Elb'man,

""'

18 Wall Street, New York,
PIRST-ri,ASS BONDS FOR INVESTMENT A SPECI.HiTY.

^

Investors wishing to Buy or Sell jirc Invited to call
or correspond.
Buy and Sell on Commission for Cash, or on Margin
all Stocks Si Bonds dealt in ui the N. Y. Stock Bxcb.

R.

J.

Noa.

1

&

Kimball
(EstabUshed

Co.,

In 1886.)

BANKERS AND BROKERS,
& 1 8 Broad Street, Neiv York.

6

We have published a new pocket edition of oar
annual "List of Stocks and Bonds at the New York
Stuck Exchange." Sent free on application. Both of
ourflrmareMEMBEHSof theN. Y.STOCK EiCHA.vog.
Robert

J.

subject to check at sight and
allow Interest on dally balances.

No. 26

Members of the New

Oickikson,

BItOKBR IN ALL KINDS OF INVESTMENT
BONDS. MISCELLANEOUS SECURITIES!
AND DEFAULTED BONDS.

(IS Years'

Ai-rREn B. Loussbebt

Kimball.

C.

Receive deposits

WESTUN

STOCK BROKER.
•V

S. Ives

BANKERS,

Investment or

Correspondttuco Soltclted

..

Henry

:.)n.

SeliStoc^

f.

Sts.,

William Kobisom

Adams & Kellogg,

Walcott,

Government & other luTestnient Bonds

Deposits received subject to check at sUht, and
Interest allowed on daily balance*.
Stocks, Bonds, &c.. bought and sold on commlaslon
In Phlladelphluand other cities.
Particular attention given to Intormatlon regardlnsc

BANKERS AND 1JROKER3,
& 80 Broadway, Nemr York.

'tid

Co.,

PHILADELPHIA.

.ew York stock Exchange.

drewSj

&

BANKERS
Cor. Tblrd and Chestuat

Secarilies

on Commission.

NKS.

made and loans negotiated.
Dividends and interest collected.
Deposits received subject to Draft.
Interest allowed. Investment securities a speclaltr.
We Issue a Financial Report weekly.
Securities. Collections

Refer to—

Merchants' National Bunk and Bank of North AmerMerchants' National, ChlcaKo; Mavica, New York
erick National, Boston.

&

2 Excliaugo Court, Nenr York.

Co.,

stocks and Bonds bonght and sold on Commission.
Orders received In Mining Stocks, and In Unlisted

Co.,

COIaLECTIONS made

sold

Robison,
ioyd- Jones
BANKKRS AND BROKERS,

&

C. Walcott

Albert Pearce,

&

Houghton

S.

'.

pent Bonds at par. pledged by its stockholders
the protection of its customers. Said bonds for
an
pledged as above instead of being held by the Bank
as H part of its iegjvl surplus, to avoid what we think
unjust and excessive local taxation.

Frank

"Unts of Bunks and Bankers soltclted.
Collections made tipon favorable terms.

Government Bonds bousht and

Asst. Cash

Capital, $200,000. Snrplna, $50,000.
This Bank holds In addition 11,000,000 U 8.4 per

Jos. C.

MIAVAV TKKKTS OF IMPHOVED STTI^BO.

Sbow C'Brds, LubeU, Culcndurs.
BLANK BOOKS OF EVERY DESCRIPTION
ALBERT G. GOODALL, Preiident
VICE-PRESIDENTS
t
A. D. SHEPARD,
i. MACDONOUGH,
W. M. SMILLIE,
TOURO ROBERTSON.
THEO. H. FREELAND. Sect'y and Treat.

W. GOOKIN.

V.

.

BANKERS AND BROKERS,
No. 24 Pine Street, New York.
Transact a General Banklngr Bnslnegg.

1

TAMPS, Ac,

Pres'.

North-Western Nat'l Bank,
CHICAGO, ILLINOIS.

J.

Covernments.

-'oreign

NO. 1,084

1886.

3,

Turner,

J.

Membership

In the N.Y. Stock Exotaaiige.)

BANKER AND BROKER,
16

&

18

BROAD

ST.,

NEW YORK.

Traniaoua general Banking business, Including the
purchase and sale of stocks and hoods for oaah or on
nianrtp.

.

.^

Asiel

&

'

Co.,

AND BROKERS,
BANKERSEXCUANOE
PLACE.
No. 61

E ASISI.
E.ABiiii.

M.SlUOMAxa
^~8. FRANKENHEIMER,
Members N. y. Stock Kxohange.
L.

THE CHKOJNICLK.

u

l^oyjeifltt lagcfoattflg iix

grawjeics of

Morgan

Drexel,

&

l)rexel,Harjes

& Co

8.

fers to,

Co.,

Boston.

AND

BROWN &

AI.EXANDER

SONS

Exchange
IRELAND, FBANCK
ON ORKAT BRITAIN ANDHOLLAND
*'
SWITZBKLGIUM,
Y
- GKKmIn
DENMARK.
KBLAND, NORWAY,
SWEDEN AND AUSTRALIA.
une Commercial & Trairelers' Credits
Sell Bills of

Bny and

Exchange on, and make Cable TransEngland, France and Germany.

Payable in any part of Europe, Asia, Africa, Ausand America.
^
,n
>,.«
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Eurore and CallfornlA.
,

John Paton & Co.,
SUCCESSORS TO
JESUP, PATON & CO.,

IN STEBLINQ,

62 Trilllam

Street,

Agency of

Accounts and

Telegrapliic Trannfers of Money Arms and

Between tills Country and Europe.
OF UKAFTS drawn
MAKECOLI^ECTIONS
United States and Canada,

ALL PARTS OF THE WORLD, ON

^avm

Son, London.

gtXovtflarjCB.

&

Hajden

Dickinson,

INVESTMENT BANKER?,

DENVER,

.

.

.

•

.

COLORADO.

We have on hand and for sale tirst-cluss County
and School Bonds and other choice securities. We
especially recommend to conservative Investffrs our
RKA Ij MSTATE liOANSon Improved City and Farm
Properties. These have been made by us after rigid
investigation of title and values, and can be trans*
ferred at unco. CX)rrcspondence solicited. Uigheat
references East and West.

THE >VESTERN

Farm Mortgage

Corporations,

individuals received upon favorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons

Co.,

LAWRENCE, KANSAS,

New York.

Bi.nks,

&

Messrs. C. J. Hainbro

^eMr York.
Issue Letters of Credit for Trarelers,
On SELIGMAN BROTHERS. London.
SELIG.MAN FREUKS .S ('IE, Paris.
SELHi.MAN A .^TElTHEhVlBR, Kriinklurt.
ALSBERG GOLDBERG, AniBterdam.
ALTMAN & STBTTIIIEMER, Berlin,

Available In any part of the world, in FKANCS for
and Guadaloupe, and in dollars lor
ue in Martinique
use in this and adjacent countries.

make

ISSUE COMMERCIAL CREDITS, AVAILABLH
IN

BANKERS,
BROAD STREET

tralia

BALTIMORE.

Place,

BUY AND DRAW BILLS OF E.XCHANGH,
MAKE CABLE TRANSFERS, ISSUE THAVBL.

Bills of

No. 23

Co.,

FOREION BANKERS.

& W. Seligman & Co.,

J.

MORGAN

&

STREET,
NKW YORK.

BRS' CREDITS.

AND THEIK COKKESPONDENTS.

Draw

Attornets and Agents of
& CO.,
nessrs. J. S.
Ho. 22 OLD BROAD 8TREET, LONDON.

PhJIa.

fort o\m.
M. deHolhBchild, Esq., Vienna.

Exchange

Cor.

&

soK

&

in all

parts of the World, throuch

Securities
received subject to Draft.
commission Interest a lowed on
bo^l^Md
Credits,
npDOaiU ForelKn Kxchiiniie. Commercial
Travelers,
Circular Letters lor
cfble Transfers.
available in all parts ol the w orld.

Brothers
NEW lORK.

Ickelheimer
29 W^ILLIAM

Sodh. London.
Meaars. N. M. RothNcliild
"
de KotliKchild Bros., l'nri».
"
91. A. de RalhBehild Sc Sons, Frank-

PARIS, j
PHII.ADEI.PHIA
DOMESTIC AND rOREION BANKERS.

Brown

Co., Heidelbach,

Noa. 19 A: 21 NaNMan Street.
ISSUK TRAA'ELKRS' CREDITS, available

Haussmann.
Cor. of 6th & Chestnut Sts. 31 Boulevard

T>ono.<ita

^grU.

gjlcw

BANKERS,

NEW YOKK.
Co.,

&

Co., August Belmont

VAI-L STREET. CORNER OF BROAD,

K^Drexel &

[Vol. XLIl.

Offers to investors the best securities in the market.

FIRST

MORTGAGE

FARMS.

IA)AN8

UPON IMHROVBD

Interest and principal paid on day of

ma*

New York. Funds promptly placed. Large
experience. No losses. Send for circular, references
and dividends; also as transfer agents.
sample
forms. F. M. PERKINS, President; J. T.
ind
in
points
all
abroad on
Bonds, stoclis and securities bought and sold on WAttNB, Vioe-Prest.i L. U. PERIilNS, Socretarj
and ol drafts drawn in the U nited States on
commission, at the Stock E.\change or elsewhere.
loreiKn countries;
Transfers bought and CHAS. W. GILLKTT. Treas.; N. F. HART. Auditor
and
Cable
Exchange
Sterling
SHIPLEY sold.
and their London house, Messrs. BROWN,
accounts ol American hanks, firms
A CO receive
DRAW ON
and individuals, upon lavorable terms.
THE UNION BANK OF LONDON
BRITISH LINEN CO. BANK, LONDON AND In Sums of $100 and Upwards on InStuart
SCOTLAND.
J.
and Ohio Lands.
turity in

Farm Mortgages

&

&

J

33 "NASSAU

BILLS OF

Co.,

STREET.

Maitland, Phelps

EXCHANGE ON

&

Co.,

BACKERS

&. SMITH'S,
SMITH, PAYNELONDON

BANKERS,

diana
8AFBB. ALWAYS PROMPTLY PAID.
SOTHINO
'^'
SEND FOR PAMPHLET.
JOS. A. inOORE,
'>4 East Market St. . Indlaiiapolls, Ind
-

AKD

MANCHESTER & COUNTY BANK, COMMISSION MERCHANTS,
"LIMITED,"
MANCHESTER, PAYABLE IN LONDON;

22

ULSTER BANKING COMPANY,
BELFAST, IRELAND;
AND ON THE

HATIONAIi

BANK OF

EDLNBUBGH

ANT)

SCOTI.4NI>,
BRANCHES;

New

John Munroe

of exchange, letters of credit,
telegraphic transfers of money

Kennedy Tod.

Co.,

32 NaBsan Street, New Yoi k.
JKo. 4 Post omce Square, Boston.
Circular Letters of Credit lorTrave.
Abroad against Cash or Satisfactory
Guaranty ol Re-payment,

r»'

Use

Bxcbanse on liOndon, Paris, Berlin
and Znrlcb.
CBEDITS OPENED AND PATMENTS MABB BY CABLX.

Paris Honse— MUNROE

J.

H. O. NORTHCOTK.

&

tto.

&.

CO.

J.

Co.

SVILLtAM STREET,

Offer

luTestment Securities.

Buy and sell bonds, stocits and securities in all American. Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
Inland Drafts.
Sell Bills of Exchange on

*

CO.,
MEI.VI1,T,F., KVANS
C. J. IIAMBKO A: SON,

KBATSS
UOTTINGUEK dc CO.,

niAKCIIARD,

Si,

1

jl.URMU«.
-oNDON.

}

CO., Jp.
mrg.
ji-Aitio.

Kidder, Peabody

Loudon.

Hamburg.

&

Act as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit In pounds sterling & dollars.

Bessrs. Jolin Bercnberg, Gossler dc Co.
nessrs. niarcuard, Krauss & Co., Paris

AX-EXANDER BARINO.
Member N. Y. Stock Eich'ge

BANKERS.

Ruckgaber,
BANKERS
S9 TFIIitlAM STREET, NEW YORK
corhesponui:nts of the
Xnternatioiiiil Bank of London

Arc, <tc.

Kennedy Tod
No. 63

&

(Ijlnilted),

York.

bili.s

ALSO,

Schulz

24 Exchanee Place,

ON MEXICO, CUBA,

AKLB TRANSFERS AND LETTERS OF CREDIT.

iMne

&

Co.,

Members of the New York Stock Kxchange.

Dealers in foreign exchange, GtovERNMBNT

113 Devonshire Street, Boston.

Messrs.

BARING BROS. &

CO.,

London

KxchauKO.

Canadian Bank of Commerce.
H.

»a,0OO,ooo.

GOADBY &
JOI

(O.

I>OAN

Author-

of Minneapcilis, Minn.

ized capital, (f-^.two.ooo. Paid up
Real Eslat«
capital, ?200,0o0.
MortRaftes worth from two to

four times the amount of mortgage, neltinn investors 6 to 8 per
ct. Guaranteed by Co. Interest
payable at our Banking House.

8%

7%

6%

of Emcapital
metsburir, Iowa, Incorporated with a
of S.'iUO.OtIO, with branches at Huron .tnd .vlltchell,
Dakota, ulTer first Mc.rtgaBe Farm Loans III Iowa,
Minn.. Dakota, and Neb., both Principal anil InterestGiiarnnleed. Also 6 per cent DiiPunturc Bonds
"
Company), ruunlDK ID years, se(obligations of the uompauy;,
cured by Mortgage loans deposited with the Ncrnemand
Issues
ranllle Trust Co., N. V. It also
Certificates of Deposit at 5 per cent interest. Write
for pamphlet and references
ifoiiie Oflice, Emmctsbarn, Iowa.
E. 8. Ormsby, Fres., 150 ^ag»nu St., N. «.

The American Investment Company,
paid-up

SELECT FIRST MORTGAGES.

We§tci n Property
On Improving
cash value treble upwa ds of I'Oan,
with present

guaranteeld
affording 7 to 8 per cent income; also
Business Notes of established merchants of Minnemonths, abso.iitely secure.
apotof AinnltiK a to
affordimtVto § per cent, in advance, "^f"'-.'-"^"?;
MacBanliofColnmcrco. Minneapolis; r, San. I R.dealer
Lean, Banker, 43 bichant-e I'lace, New York,
approved Investments, to whom apply for particin

and Mort.

^ttjctifltt J>alcB.

Subplub,
B. E.

T AGENTS,

$2,100,000.

WALKER,

« EXCHANGE PIjACE, NE^T YORK
STERLING EXCHANGE, CABLE
BUY AND SELLTRANSt'ERS,
ETC.
HSUB COMMEUCnAr, CREDITS' AYAILABLB
IS ALL PARTS OF TUB WORLD.

STOCKS

BROTHERS,
KOCNTZE
BANKERS,
120 Broadway, Equitable

"iiilrtlng.

New York

IiETTERS OF CREDIT AND
CIKClTIiAR NOTES

Issued for the use of travelers in all parts of the
world. Bills ilrawn on the Union Bank of London.
Telepraphic transfers made to London and to various
places in the United States. Deposits received sutJect to check at slKht, and Interest allowed on ba'ances. Government and other bonds and InrestmeLt
seoorltieB bought and sold ob commission.

and

BONDS

At Auction.

COirmERCIAI. CREDITS,
Circular Credits for Travelers.

AND OTUICU INVESTMENT BONDS.
STKULING hOANd A SPEClAL.Tr.
64 Wall St. and 62 Greene St., N.T. Cable Transpf.rs and Bills of Exchanqb on
Buy and sell on commiBaton, for investment or on
Great Britain and tub Continent.
margin, all securities dealt In at the New York Stock

J.

NORTIIWESTEUN

GUARANTY

"'s.™H. BAKER, Dealer in Real Estate
ga«es. Minneapolis. Minn.

ATTORNETB AND AGENTS OF

Unger & Co.,
BANKBRS AND BROKBRS,
Chas.

Capital,

COJtiPANT,

CARPENTEU.

Cable Transfers.

Bills of Ezotaange.

\

W.E^TERN

GUARANTEE
LOAN

NKIJEB.

Banklnc House ol

Truy.N. Y.
Jk
ReorKanlied
Established l?5Si4.
Eastern Hepn'sentativeg
1S68.
of the

.

&

FOREIGN BANKERS,
Nassau Street, New York,

Commercial and Travelers' Credits.

NORTH-

The Undersigned hold

SALES

REGULAR AUCTION

Ol all classes of

BONDS,
STOCKS AND
ON
WEDNESDAYS AND SATURDAYS.

ADRIAN H.
No. 12

&

MIJ1.1.ER

PINE STREET,

SOM,

NEW YORK.

KQUITADT.E BFIiniNO

I

^^

ANY
IF YOU WANT TO BUY OK SKLL BONDS
OH
iBTSORCAI.I^SON STOCKS
call
on,
lor,
or
send
to,
telein-aph
write to.
il. W. KOSK.MlAl'.ll,
I'lace. Nfjv » orif,
54 Excbnnue caU
" New bl7." ZZ
»»-

—

rrelephone

1

April

THE CHKONICLF.

1886.]

8,

m

gaufeera nxta gygfeerg iu S^jcw ^i>v%
JAMU

h. OBuam oaklmt,
C. BTBI.

Whitilt,

MATNABD

Taintor

IliNur H. Oi>i>OB, WiuihlnKton, D. 0.
Wm. II. TKAVKKH, Spoi.!!!! Partner.

Prince

&

Whitely,
NKW YOUK.

BitOADWAV,

No. 64
Bnf Aod

sell

Ave, Now York.

180 Fifth

RD 1 vr» n»irxH i

on oomnilsfllnn

oluM* of

ull

UAllroad

BeOttrttleitiiiRo <}ruln und i'rovlslonn.
I'hIlmielpbiB,
PrlTsle Telexrtii>h wlrrx

m

ton. Baltlmure, Wiuihluittun, HrlUKeport,
BoMon and I'lttsburv.

&

Gorham, Turner

Wllmlnii-

Mew Usven.

Co.,

KANKERS AND BKOKEKS,
nilU BnlldluK, 35 Wall St., New York
Branch

House. Union Square.

Oflice at Everett

ACSTIN G. G0KIIA.U.

Memliir

C11A8. C. N0111.B.

A."

J.

ClIA.S.

W. TUKNKR,

N. Y.

&

Kohn

Stock Kxoh.

Co.,

BANKBKS AND IlKOKEKS.
19 Broad St., N. V., Itlllla Biilldlnc,

&

Holt,

BANKKRfl,

No. 3

NEW YORK.

WALE, STREET,

TRANSACT

a OENKKAI, IIANKINO business.
DKI'OSITS received and l.NTKUKST allowed on
balances.

But and sell QOVKHNMBNT, MDNICIPAIj and
KAIl.KOAI> Securities.
Private taloKrapb wires to ProrlMBoeand Boston.
O. K. TAINTOB.
GBO. U. HOLT.

Geo. K.

&

H. Dewing
BAIVKERS A

IV

York.

DBALER8 IN

first-class inrVESTlWElVTS.
Buy and
change.

ought and

&

Hamilton

BANKKUS AND

Bishop,

NEW TORK.
(Membera New York Stock Exchange.)

Aooountsof Banks, Bankers and others reoelred.
A strictly CommlBalon
Business In the purchase and sale of stocks and bonds.
PriTate Teleirraph Wire to Albany, Troy, SyraoQAe,
Bocbester, L'ticH, Baffalo, Cleveland and Chfcafio.
Draw on City Bank of London in amoants to salt.
Bp 3Clal atteciMon k JTen to Securities for InTeatment.

SirCCK8S0H8 TO

P"

^VOOD A DAVIS.
securities

Execute orders

\ ork

Stock

CHARLM F. COX

Member N. T. Stock Ezehanco.

&

Carolin

Cox,

Stewart Brown's Sons,
stock brokers,
64 Broadway

dc

19

Now

St.,

New York

&

Oilman, Son

Frid. a. Brown.

P.

Brows.

Walston H. Brown & Bros
BAIVKERS,
NO. 30 NASSAU 8TRKBT,
VEVr YORK.

&

Rolston

No. «3

In addition to a General Banking Business, Buy
and Sell Oovernment Bonds and Investment SecurlUes.

John H. Davis

No. 17 1VAI.I. ST.,

&

Co.,

NEW YORK.

DBALBR3 IN AU. KINDS OF
Ballroad and Inrestment Secnritlesi
BOUTHERM BKCtTRITIEg A SPECIALTT.

&

Co.,

Ifo.

&

H. Latham

!•;

Investors wishing to buy or sell are invited to eaB
or correspond. Prompt and personal atteatloo s1t«d
to all orders.

John

STREET,

BOKO AND STOCK BROKER,
Dealer In InTestment Secnrities,
No. 7 NASSAU STREET,
(Ck>ntinental National Bank Building),
NeTV York.

W. H. Goadby &

Co.,

BANKEBB AND BROKER8,

No. 34

BROAD STREET,
Neiv York.

CAL.DWEL.L,,

IFASHBVRN &

A SPECIALTY.
catu with us.
\1o,T^npr of thp

BANKERS AND BR0KKB8.
S

TPALI.

STREET.

Transact a Bener!\l Banking Business, Incluaing the
Sale of all Securities dealt In at the
E""^^..'!;"''
Mew
York Stock Uxchange.
Intareat allowed en deposit* subject to sight draft

SlS*.*'-^^^'"-

Lawseno

Oau. i. xgmiHNO. uwim

Wasu

C.
ntm.N,
N. y. stock Kxctu^m

Now

H.

FT(*r>anm.

Vrtrir St^,Mr

H. B. H0LLIN8. F. A. YZN AOA.

FRAXK C. BOLUHI

&

B. Hollins
74

dG

No.

Co.
BANKERS,
18 TY
L

A L
STREET,
New York.

Transact a General Banking Business, Including
the purchase and sale of STOCKS and BONDS for
cash or on margin.

Bdj and

Investment Seenrltles.
p. O. BOX 2,647.
WATLAND TRASK. H. J. MORSI.

Sell

A. M. KIDDXB.

W.

C.

Hill.

Co.,

BROADWAY.

5 Vanderbllt Ave., connected by 1
private wire.
Connected by private wire with B. W. Clark A Co.*
and HIU A Kennedy, Philadelphia.
Office,

Fred. H. Smith,
BANKEB & BROKER^
No. 30 BROAD ST., NE1¥ \'ORK.
Twenty years' experience In Railroad Bonda. Fartics de»innK to buy or sell Uncurrent Bunda wli.
plea.se cunimunicate.
Stocka bouKbt in Fractional Ix>ts or otbenrlse.
either for Cash ur on Margin.
F. H. Smith. \ Members Consolidated
S.

W. SuiTB. (

Petroleum Bxchanae.

Thompson

&

16

4c

Stock and

New York.

Richard^

BANKHR

18 Broad 8treet«

8

,

New

Yortc.

(Next door to the Stock Kxchanire.)
Members of the N. Y. Stock and PrnUuce Exch*iic«s

BANKERS,

DejKjslta received, subject to check. Interest Al-

lowed thereon. Stocks, bonds, frraln, provisions acd
petroleum boQKht and sold on c^^mmlssion for cash

8 Uroadwny, cor. ExcbaoKO Place. N. F. or on maTKln. Direct tetCKraphlc commnnlcatlOtt
with the Cblcafto Board of Trade.
Branch Ofllrc, -^tt I<n Salle St.. Chicago,
TRANSACT A OKNEHAI, HANKING BUSINKSS,
INCLUDING TllK 1>LU( llASK AND SALK OF
STOCKS AND BONDS K)K CASH OK ON MARChrystie
GIN. BUY AND SKLI, INVESTMKNT SECURITIES. INTERKST ALLOWED ON DEPOSITS
BANKERS,
SUBJECT TO CUECK AT SIGUT.
Nos. 33 A 35 Nassau St., New York.
P. O. Box 447.
D. A. BOODT.
C. W. MoLBLLAN.
Receive deiwsiH aud consignments of Bullion.
Reussn Lkland.
Deal In Investment Securities and toreign IDC-

&

Janney,

chango and invite correspondence.

Particular attention given to information

TO^VIXSEND,
No.

Cltr»

State. Municipal and Hallway Bonds and Conposa
bought and sold at best market rates. Inveatoraor
dealers wishing to buy or sell are Invited to commnal*

Branch

Colambis

Correspondence Solicited.

New York

SOUTHERN SECURITIES

Members New York Stock Exchange.

NEW YORK.

Bonds and ForetKn Kxcbange.

Manning,

BANKERS AND BROKERS,

Co.,

Cltj, Connty, State, Railroad, District of

B.

BANKER AND BROKER.
No. 14 Wall Street,

UNITED BANK BDILDINO,

2 TVAI-I,

.

BSTIBLT CHIW.

AND
Dealer In Miscellaneons Seenrltiea^
MILLS BDILDING (3d Floor,)
Rooms 25 A 28.
33 WALL, STREKlP.,.)
STATE AND CITY BONDS OF GEORGIA, ALSO
SBCURITIKS OF THE CENTRAL KK. & BAJ«KINQ CO. OF OBOKOIA A S1'F.CIALTY.

NEW YORK.

John uoward Latham. Frkdkrice w. Pibbt

J.

Chew,

A. Dutenhofer,

Bass,

ST.,

BOXIML

SWAJ^

Commission.

Sold

L, Robertson,
J.

Correspondence Solicited.
Quotations cbeerfullT furnished
Wm. n. Rolston.
W. Axxx. BA8S, Jr,
Member N. T. stock Excb'se.
Member Chicago stock Kxcta'ce.

NASSAU

the Ifaw

BROKER

CEDAR STREET.

BROAD STREET, NEW YORK.
STOCKS, BONDS
AND mSCEIiliANEOUS SECURITIES

Simon Borg

&

JAS. D. SIMONS,
Y. Stock kxohange.
Y. Prodaoe Rxehang^

Ko. 20

Wo. 17

listed at

:

Member N.
Member N.

Co.,

MMUln.

Wauitos H. Brown.
HiBBXBT

For Sale

3 EzchanKeConrtac63 BroadwayjN.Ti
stocks, Bonds and I". S Government SeoulUM
Uought and
on

BANKERS,

Bankers Jc Gommlaslon Stock Brokera
BANKEBS AND BBOKEBS.
No. 56 BROADWAY,
Do a atrlctly CommlHidon Business In
Branch OfSce. 315 Madison At., cor. 42d St., New York
STOCKS, BONDS and GRAIN,
Deposits received subject to check at sigbt, and With Private Wires to CHICAGO, BALTI.MORB,
Interest allowed on daily balances. Ail Stocks and
PHILADBLPUIA and Intermediate Points.
New
Beourlties dealt in at the
York Stock Kxchanxe
linnght and sold on Commission, for Cash or upon

in ail
Kxirhiiiige.

FlHST-<,'l,A98 llAILKOAII FlHflT MOKTOAOI
C. U. UUKSTIS. L. M.

OKORGE C. WOOD.

STOCK BROKERS,

Interest atlowed on balances.

WM. V. CABOLIJI,

Co.,

NEW YORK.

BANKERS AND BROKERS.

Simons

nROKTCRS,

PINE STREET.

No. 85

PINE STREET.

81

Transact a Ueueral liankln?

liuitinesg,
Forolsn Kxchanfie, Bonds, Btooks and Mlsoellaneous securities buuKht and sold on commission.
Jn-ius A. Kohn, Datib ochs. Mokitz Orns,
Memb.N.T. stock Bxch.
Memb. N.Y. Stock Ex

&

Wood, Huestis

New York.

sold.

on Commission, for cash or on marwln,
New York Stock mi^
^^

Interest allowed on dally balance*.
All dep<,sltB subject to check at sight.
Particular attent ion to orders by mall or talacraa.

Son,

Stocks and Bonds B,.uKht and S<ild on Commission
Accounts received iinil Interest allowed on balances
which ulay be checked for at sight.
Iowa Loan 4 Trust Co. « per cent Debentures

sell

securities dealt In at the

all

BROKERS,

I)

No. 18 Wall Street,

Sons,

Sistare's

16 A 18 Broad Street, New York,
131 South Third Street, Fhilndelphia.
Connected by Private Wire with main ufflca. New

O. D. l.limi.IlSR.

IIIKAM pnWlNO. Cr.AKK DUWINO. F.T.BONTKCOU
(Member of New York Stock Exchanifo.)

©itjj.

recaramc

Investment Securities.

BANKERS,
& Co.,
UNITED BANK BUII,DINO, Howard Lapsley
AND BROKERS,
TYall Street, corner Broadnrajr.

BT00K8,

BONDS

<t

OOUitEROIAL PAPER.

Stocks and Bonds bought and sold on commission
at New York stock Exchange. Advance* made on

bodiuH psp«r ana otiier seouritlef.

BANKERS

No. 11 WTALIi ST.,>
York,
PKITATB WIBB TO BOSTOll.
_

(Uortlmei BoUdlng.)

New

'

THE CHRONICLE.

if

©atiajtliatt anil

Wxtisn

Bank of Montreal.
-

SMITHUtS,

0. F.

W.

NSW TORK

OFFIOB,
)

Bw

Kiohange, Franca and Cable
Tranafen; grant Commercial and Travelers' Credits
Tallable in any part of the world; issue drafts on
and make collections in, Cljioago and throughout th^

and

iOll Sterling

LONDOIV.

Office,

No. 33 Abebnrcli Lane.

Merchants' Bank
$5,725,000 Paid Up.
$1,375,000
Katl.
ANDREW AliLAN, ANDEBSON,
„,
„
Esq
ROBERT

Capital,

•

•

Eeserre,

(LIMITED).

President,
Vice-President,

GEORGE HAO0K, General Manager.
i. H. PliUMMBB, Assistant General Manager
BANKERS:

LONDON, ENG.— The Clydesdale Bank (Limited.)
NEW YORK— The Bank of New York, N.B.A.
The New York Agency buys and

sells Sterling

)

JOHN B. HARRIS,

JK.,

...„,„
Agents,

Loans of approved Railways, negotiates and

or Registration of Stocks in London, or otherwise.

Bank

British

Iss
CIKCULAB NOTES
of the

parts

CREDITS ISSUED

LONDON

&

BANK

SURPLUS,
H.

8.

-

•

•

.......

HOWLAND, Pres't.

D. R.

^1, 600,000

^480,000

WILKIB,

Cashier

HEAD OFFICE, TORONTO.
BRANCHES:

St. Catharines, Port Coibome, St. Thomas, Ingeraoi;
Welland. F'ergus, Wood8tock,Wlnnioeg, Man.,

Brandon, Mnn., Essex Centre, Niagara
Falls and Gait, Ont.
& Sterling Exchange.

Dealers in American Currency

Agents in London
Lloyd's, Barnetfs & Bosanqnei's Bank. limited,
;

«i

Lombard Street.

I

|
I

v w.
nf51 o» M^Jr^H,
"-^^fo
w.n
afJS?'^'
Wall
Street.
™
*„a«*-i«i,j—

Promptest attention paid to eol]ectionai)ayable In
any part of Canada.
Approved Canadian business paper dlaconnted at
the Head OfSce on reaaonable terms, and proceeds
remitted by draft on New York,

Gzowski

&

Buchan,

STOCK AND EXCHANGE RROKERS,
TOKONTO, CANADA.
Stocks and Bonds, Sterling Exchange, Drafts on
York, oought and sold at CORRBNT PRICES.
"»^'^''-

New

COLLECTIONS MADE.

ESTABLISBBD

Bank of
4

Australasia,

(Incorporated by Royal Charter, 18S5.)
Tbreadneedle St., liondon, England
Paid-up Capital
£1,800,000

Reserve Fund,

-

-

-

.

-

CIAS

770,000

Letters of Credit and Drafts Issued on any of the
ntunerous branches of the bank throughout Australia
and New Zealand.
BlllB negotiated or sent for eoUeotlon.
Telegraphic transfers made.
-Ji*'!?'"" "eelved in London at Interest for fixed
transfer to the colonies
ESJjPi??:.'" t°^
which
may be ascertained on application. on t«rm«
PBIOBAUX SblbY. Beoretarj.

ST.

STOCKS
AND

GAS SECVRIT[£S,

Capita fully paid up.7,20S,925 Guilders ($2,881,576-)
KeserveFund
fll3,092.58Ji "
($365,837-)

HEAD

BROAD

AND

1861.

OFFICE, AffltSTERDAlTI.

Street Railroad Stocks and

Boiid»

BBAIUCHES:

ASD ALL KINDS or

Loudon—B. W. BLIJDENSTEIN & CO.,
No. 55 & t>6 Threadneedle St., E. C

BROOKLYjW secvritubs

Rotterdam—De

DEALT

WissEL-en-EFFECTENBANE.

Almeloo— LEDEBOER &

IN.

8KH GAS QUOTATIONS IN THIS fAPKU.

Enscbede-B. W. BLIJDENSTEIN, jK.
CO.

Transact a general Banking and CommissiOD
Business In Bills, Stocks, Shares, Coupons, <to,

Geo. h. Prentiss. W. d. Prentiss. W. W.
Member N.Y.Stock Bxoh.

Walsh

John B. McGeorge,
NEW YORK CORRESPONDENTS:
No. 20 BROAD STREET,
Messrs. KNACTH, NACHOD & KUHNE INVESTMENT SECURITIES AND
THE

COMMERCIAL PAPER,
MauhattanvUle & St. Nicliolas
Avenue and other City Railway

42d

Anglo- Californian Bank

St.

Securities Dealt in.

(LIMITED).

LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 422 California St.
NE^V YORK Agents, J. & W. Selignjau & Co.

BOSTON Con-esi)ond'ts, Massachusetts N.

FOREICN.

18

SOS IIIONTAGUB ST., filROOK<LVM.

J

Imperial Bank of Canada.
OAPITAIi (paldnp),

B. W. BLIJDENfSTEIN & CO.,
AinSTERDAin, .
HOIiltAND.

Agents.

H. STIKBMAN.

STAIVTOIV,

AND

Bankvereeniging,

ed in Pounds Sterling

world.
003I>1EKfor use in Europe,
CIAL.
China, Japan and the East and West Indies. Also,
in name of
BK.iZII.lAN
Limited, available in the Brazils. River Plate, &c.
Bills collected and other banking business
tranS'
"
D. A. McTAVISH, ( .„„„,.
acted.
all

S.

Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEW VORK»

De Twentsche

Chicago.

available in

JOSEPH .k GRAND ISLAND SCRIPSKANSAS & NEBRASKA Bonds and Scrip.
BOUGHT AND SOLD BY

ST

16

STREET.

Exchange and Cable Transfers. Issue demand drafts on Scotland and Ireland,
also on Canada, British Columbia, San Francisco and
sell Sterling

Stock and Scrip.

Bonds, Certiflcates and Scrip.

London.

North America,

No. 52 TTAI-Ii
Buy and

Common

OHIO CENTKAL (RIVER DIVISION),

jr.
Cable Addreas-PATT,

OF

and Common.

COLUMBUS HOOKIKG VALLEY & TOLEDO

Loans on the London Market, acts as Agent for

payments of Interest on Loans, Dividends on

Ohio Central

First Mortgage, Preferred

Railways and other Corporations, either in the tnatter of

AGENOY OF THE

&

Toledo

1

.

MpJ^ci^l %nvitst%ix^xxt$.

61 fVall Street.

HENRY HAGOE.

Shanghai
.

This Company undertakes the business of Trustee

issues

ITIass.

Paid-up Capital
*7,500,000
Reserve Fuiid
4,400,000
Reserve for KquaHzation of Dividends.
400,000
Reserve Liability of Proprietors
7,500,000
The Corporation grant Drafts, issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, SinRapore, Saigon,

Capital Paid Up, £971,360 Sterling.

to

CO.,

New York

Manila, Hong Kontr, Foochow, Amoy, NiUKPO,
Shanghai. Hankow, Vokohama, Hiogo, San Francisco
and London.
A, M. TOWNSEND, Aaent, 47 William St,

BITII.DINGS

Ex-

change, Cable Transfers, Issues credits available in
all parts of the world, makes collections in Canada
and elsewhere, and issues drafts payable at any of
the otBces of the bank In Caniida. Every description
of foreign banking business undertaken,

New York Agency, No.

BANK

LONDON, ENftlAND.

HEAD OFFICE, MONTREAL.

18 TTall Street,

BANKING LCORPORATION.

•

4

Correspondents,

BROTHERS &

Hong Kong &

THE

No.

New York and Bostox

BLiAKi:

28 State Street, Boston,

Railway Share Trust Co.

OF CANADA.

Solicit accounts and agencies of Banks, Railways,
Corporations, Arms and individuals, upon
favorable terms also orders for the purchase
and sale of Bonds, Shores, &c., &c., on Commission on the Stock Exchange.
Negotiate Railway, State and City loans.

drafts.

Negotitite Railway, State and City Loans.

Dominion of Canat^a

Iiondon

Co.,

;

favorable terms; also orders for the puichase and sale of Bonds, Shares, &c., Ac. on
the Stock Kxchange.
Interest allowed on Deposits, subject to 60-days
sight drafts, at Bank of England rate, and
one-percent below that rate subject to

demand

&

LOXDOIW, F»rOL,AKD.

Solicit accounts and agencies of Banks, Hallways
Corporations, Firms and Individuals upon

61 IFALIi STREET.
WALTBB WATSON, A „ent8.

&

Nos. 69

Blake, Boissevain

Co.,

62 Gresham Honse, E. C,

President.

BUCHANAN, Seneral Manager.

J.

%mihcvs.
FOREIOK.

&

Heinemann

¥13,000,000, Gold
¥6,000,000, Gold

-

'gvixiks ixu&

FOREIOSf.

CANADIAIV.

OAPITAI.,
BVRPIiUS,

[TOL. XLII,

Authorized Capital,
Paid-up Capital, Reserve Fund,

-

-

-

-

-

-

$6,000,000
1,500,000
400,000

Transact a general basking business. Issue Commercial credits and Billsof Exchange, available In all
parts of the world. Collections and orders for Bonds,
stocks, etc., executed upon the most favorable terms.
FRED'KF. LOW,
Managers.
IGNATZ BTBINHAKT, tMnr,»,ro~
f
P. N. LILIBNTHAL.'Cashler.

&

787.

THE NEM^ YORK

Bk.

......

L. de Steiger

TELEPHONE CALL " NEW,"

Co.,

BANKERS.

FRANKFORTON-MAIN, C^EBMANT.

Moist Letter Copying Book.
(Patented November 28th.

1878.)

UNIFORM COPIES. SAVES TIME.
NO WATER. NO BRUSH.
ALWAYS READY.
E. L.
59

FARGO, Sole Manufacturer,
BEEKMAN ST., NEW YORK.

In the use of " This Book," the great annoyance o!
water, brushes, cloths, &c., is done away with— the
book is ready at ali times to copy any n umber of letters at once. I'arties using same pronounce it the
very thing they want; the copies arc clear, distinct
and uniform.

Price* Reduced.

Send for Price

List'-

'

AraiL

THE (IHKONICLE.

1886.]

3,

%mhs

IJ^antLgyg &xxt of |ltcw ^avla.

attfi

NEW

BANKS.
HB.MOOkKDLIM. A.W.HIU.

l,onOWlCTtJ.HII.t„
Ktildent.

Vlcfl-Pre*^

Cashier.

TBB

Gate City National Bank

ENCiLANU BANKERS.

No. 4 BxclianBe Place, KooM No.

Siirplns,

-

-

\'

'

guj^

1

active

and

PniLADELPHIA BANKERS.

WII.LIAU

money

alwari In
aire oa a trial.
Is

C.

Buffalo,

CAPITAL,
N. Y.

P. A.

Pres't.

PHILADELPHIA.
Members of the

Phllnilelphln

Cable Transfers,

Bills of

Wiley, Cashier

BBOIUAKIX.

BANKERS AND STOCK BROKBRS,

Atleution to Collections.
Kins r-CI.ASS FACILITIES,
.N'ationjil Park Bank

Speciiil

York Corresponderit.s.— The

and Seventh Wai-d Natiouul Bank.

President.

j
>

8TATB BANK,

I

Incorporated 1875.

{

C. T. Walker,
Cashier.

German National Bank,
LITTLE KOCK, ARKANSAS.
- $300,000
business In onr line.
N. Y. COKRK8PONDEXTS.— ImoDrters' A Traders
National Bank and National Bank of the Republic

Gapltml (Paid in)

-

-

Prompt attention Riven to

a

all

National Bank,

WlLitllNGTON, N.
OoUeetlons made on

all

MERCHANTS' NATIONAL BANE,
RIGHinOND, VIRGINIA,
I

t,I

I

Collections

made on

all

Southern points on best

;

John

F.

JOHN P. BRANCH, President.
Gunk. Cash. Fred. R, Scott, Vlce-Pres't

BRANCH

TU09IAS

and

RICHMOND, VIRGINIA.

XEW ENGLAND BANKERS.

DBALEK

a

Correspondence

solicited

and Information

&

Robert Garrett

fnr-

A Co.

Sons,

BANKERS,
No.

7

SOUTH STREET,
BALTIMORE,

TRANSACT A OENBBAL DOMBSTIO AND
FOREIGN BANKINO BUSINESS.

Wm.

&

Fisher
BANKERS,

And Dealers

See

,

my quotations

Atlanta

Sc €Iiarlotte A. L. R'jr BondOa
nemplils & Cbarlestou RR. Bouds.
niempbis Sc Little Itock RIt. Bonds.
Carolina Cent<^l RR. Bonds.
North Carolina State 6s.

Birmingham

ISD,,

Have Western Union wires in their offices, by
means of which immediate communication can be
bad with all commercial points in the country. Especial attention given to purchase and sale of Virginia Consols, Ten-forties, Deferred and all Issues
of the State, and to all classes of Southern State,
City and Ruilway Securities. Correspondence so-

Ro. 86

BOSTON.
ItKWBWRH OF TUB NEW YORK
BOSTON BTOCK EX0HANOB8.

AJSCD

A.

and United State* Bonds.

Co.,

SUPERIOR STREET,
CLEVELAND, OHIO.

No. 137

Transact a jzencral banking; business, and DEAL
IN TOWN, COUNTY AND CITY BONDS. Hats
and prices furnished on application. Write us If you
wish to buy or sell. Refer, by permission, to Society
for Savinus, SavinKs X Trust Co. and National Banks
of Cleveland, Ohio.

Wilbour, Jackson

& Co.,

BANKERS AND BROKBRS

i%

WEVBOSSET

S

Chas.

H. Potter

&

Co.,

b«r

In

Conunerotal Paper,

anUclau Bonds and

'•xobange.
Privat« Telttgrapb

Swan
180

I.

QoTenunmt rand

Secorltlef

and Forel«a

Wtr« to New Tork and Boston

BANKRRS

& Barrett,
AND B BO KERB,

iTIiddle Street,

ponri.AND, mAiNE.
alers

In

Got.

FOR SALE— STOCKS BY
P. Wintringhnm, 36 Pine

County, City and R»1IStocks, *c.
iios constantly on hand

k
:

St.,

N. Y.

NnteTelephoneCall ••2ajJohn."

BANKS.

Shs.
10 America.
13 Bowery.
15 Central.
10 Commercial.

IShs.

60
12
60
70
15
7

IlASK.w.

Manhattan.

New

CITYRR,

,Shs.
34 Bl. St.
F. V.
1100 Cent. Crosst.

*

York.
NInet'nth W'd 100C.P..N.A B. R.
Park.
lOD.D.B.B.AB.
50 Second Ave.
20 Fourth.
Republic
25 Irvlni;.
St. Nicholas.
»0 Third Ave.
100
Atlantic Ave
100 Madison Sq. 25 Third.

'ginHUchxl.
Mr. Uenry

ESTABLISHED

P.

F.

W. Smith has been added

to the

Pur-

Committee appointed under the plan of reorganisation formulated by Messrs. Frank C. HoUlna
Chairman, Calvin S. Brico and Clarence Cary, Committee on ReorBanizjition.
Holders of the securities of the road Interested la
settlins the property wlthout.expenslve delays are
requested to at once deposit their bonds and to aflix
their signatures to the agreement, which will be
found at the office of the Central Trust Company
and with the undersigned, constituting the Purchasing Committee.
FRANK C. HOLLINS (H. B. nolllns Sc Co.)
W. S.MITH (Mntual Life Ins. Co.)
WILLl.VM A. KKADIVermilyeACo.)
CLARKNCt! CARY (Cnry A Whltrldge.)
chasing?

11 COPTHAU. COITBT,
LONDON, E. C, 1st January, 1880.

Keleher

&

Co.,

OLIVE STREET, ST. LOUIS,
Dealers In IVestern Secarltles.
SOS

Defanlted Bonds of Missouri, Kansas and Illinois s
Specialty. Oood Investment SeooiiUw, paying from
four to eight per cent, for sale.

(

wohavethisday commencedtocarryons (saBanking and Commission business at the sliOTe
address, in co-partnership, under the style of
eriU

BLAKE, BOISSEVAIN *

1871,

>

WE BEG TO ACttOAINT TOV THAT

SPKCIAl.TIES:

TOWN. COUNTY AND CITV BONDS,
LAKE SUPERIOR IRON MINING STOCKS.
AND STREET RAlI-itOAJ) SECURITIES

MB. H.

J.

DiLANOT METER

firm by procuration.

CO.

wlU sign for 0«»

STANTON BLAKB.
A. A. H. B0I8SBTAIN,
r.

B HI.AKH.

NOTICE.
.p^X?S.t7TotJM^'Sb.'SflSSS^r^/SiJ

George

Eustis

&

BANKERS,

<!,

roiii

OKirubIs Invt

OLETELAND, OHIO.

T R2B B T,

PROVIDENCE, R.
i>MU6n

€0.,

UKNKY

INVESTMENT BANKERS,

Joshua WiLBOtjii,
Charles h. Sheldon Jb
Benjamin A.J AOKHON, Wiluah Binnet, Jr.

LANCASTER &

4 IVall Street.

LAKE ERIE & WESTERN RAILROAD

&

AI.BO,

D«aler« In mnnlelpal. State, Railroad

'

licited.

Lamprecht Bros.
Estabrook,
BANKERS,

BANKBRS,
CONGRESS STREET,

.

_

BOUOHT AND SOLD

32 SOUTH STREET,

BALTIinORE,

C7tr, Ala., 7s.

And miscellaneous Secarltles.

Sons,

Securities,

of Trust and Telegraph Stocks
and Daily indicator.

In Saturday's Evening Post

In GoTernmentii, Stocks

Oppoeira 8bco\d St

STOCKS,

Stocks, Iiisuranco Stocks.

Br R.

Cobb

&

O YES,

IN

TEEEORAPU
Bank

W^ESTERN BANKERS.
Brewster,

IV

NASSAU STREET,

No. 21

SOUTHERN SBCUBITIBS

alsned.
Ni 7. Correspondents— McElm Brothers

BANKKUS AND COMMISSION MBBCHANTS.
Circulars and information on fundinK the debts
of Virginia and North Carolina free of cost; oneelgbth per cent charucd for funding. Southern Railroad and State and City Bonds bought and sold.

and Ms.

E. HAGHFIELD,
No. BH Pine Street.

C

AV»i:.

specialty.

and luveatmeut

CO.,

A,

ALBERT

BALTIinORE.
INVESTMENT

prompt returns.

terms

Ists

Bcloto Valley first Mortgage Bonds.
Southern Securities.

CITY RAILWAY STOCKS,
Wilson, Colston & Co.,
GS^^S STOCKZS,
BANKERS AND BROKERS,
CO.'S STOCKS,
TRUST
Baltimore
(Members of
Stock ExchaoKc),

C.

parts of the United States

IV ANTED s
New Bonds and Scrip.

Rome Watertown A OgdensburK
Oswexo & Rome Ists.

BAL.TI9IORE BANKERS.

A. K. WAI.EIB, Cashier

B. BuKBcrss, Prest.

First

PHILADEl.PniA.

Tork.

fiOUeUT AND SOLD.

SOUTH THIRD STREET,

No. 134

New

Street,

Investment Securities
Elizabeth City

KOBHRT M. JABHET,

C,

DUIillAIff, N.

J. O. Fletcher,

Stock

Jos. M. Shoemaker & Co.

The Bank of Durham,
New

New Tork

and

Fixchange uitf Letters of

Credit.

JOa. M.

Thla bank has superior faollltles for ra lUiui oollaetlonaon all accessible points In the U; Ited States,
Liberal terms extended to
Canada and Uuropa.
aooonnta of bankers and merchants.
ComikSPOKUENTS.— New York, Netliial 8no« s
Laather Bank: Union Bank of I>oni!cn.

BuiCKWEix,

4 Broaa

CHESTNUT STREET,

No. 437

BE Y & KIRK,

TO

Gerlach,

Kxchunues.

$300,000

BUFFALO,

Pay

BOUGHT AND SOLD BY

BANKERS AND BROKERS,

Josiailikwitt, V.Ptw
COlUiWBLL, ('Hshler.

Pres.

Bank of

&

Narr

FKlirldiials.

Kruwifit: city

;uiii

8H»UMAK8..)iw«Tr,

T.

PREPERRED

MEMBER or BOSTON HTOCK HXOHANOB.

and remitted for.
InTOHtment of Idle and

demand. Our rates rendonabte.

W.

OominON AND

<,

.

.

<

Ill (.uc

RAILROAD

9300,000 00

-

AcroMntfl of nttnk". M*»rohftntB, CorporatlonB
oicuod.

In.r

Ohio Central

BOSTON, MASS.

Vttignatcd DepotUory of the Vniled Slatet.

and

&

Toledo

Samuel G. Studley,
COMMISSION STOCK BROKER,

ATLANTA, GEORGIA.
Oapllal

jlpccial fnvtstmtnta.

CINCINNATI. OHIO.

Co.,

Ko'rB10S°BU8IN«»8 OF HIS

MCBU^

0i.-'?HH PBOVINCB OIC CP>"
TH K V&ERO YCUINA
EMPIRE OF
RUSSELL CO.,
60 WaU St., IT. r.

&

.

:

THE CHRONICLE.

1
§ivi&m&Sf

Stttjeyjest,

q^HE ISTEKEST AND DIVIDENDS
are payable at

-L on the following bonds and stocks
LANIER
thebanklnshouseof Messrs. WINSLOW.
Streets, New
& CO., corner of Nassau and Cedar
1886:
York City, on and after April 1,
Indiana—
Atlas Engine Works, Indianapolis,
Co.Railroad
A^ayton
C.nj;'n^it^H-X»
First Cons,lidated MortBage Ts.
Ks.
First Ci,n8oll,1ated Mortgage
First Consolida ed Mortgage Ss.
CcCk)luinbus * Uocklng Valley Ilailroad
First Mortgage 7s.

(.0.-

Dayton & Michigan Railroad

Tbird Mortgage is. „ ., „ ^ „„
Grand Rapids & ndlana Railroad Co.-

THE
COMMITTEE FOR THE
Union Pacific Railway THE REORO.\NIZATIO.\
OF TUE
Co. Land Grant Bonds.
Buffalo New York &
Boston,
April 1, 188«.
of this Company, hereany
by offers to purchase, on or before June SO, 1886,
its Land Grant
or all of the outstanding issue of
at
prices,
llowing
Seven Per Cent Bonds at the f,
which the holder realizes only three per cent per

The undersigned, on behalf

maturity
if he keeps his bonds until
104, flat, exBonds due and payable April 1, 1887, at from
April I,
cent
at
3
per
interest
coupon, and

annum

First Mortgiige S">^?'"'%°h%^, l'^
7s.
First Mortgage Bx. Land Grant

Grand Haven, Mich.—
Funding 53.

Indiana Sta'e—
Registered Refunding

due and payable Oct. 1, 1888, at 100'^, flat, excoupon, and Interest at 8 per cunt from April .,

School 5s.
„„
Municinal 8s, Series Ha.
Pittsburg F?rt Wayn- & Chicago
D.
series
First .Mortgage 7s,
series

RaUway Co.-

K.

m

per cent Special
Si'rf.^irDfvfdend
Indiaua—

Stocl.

Stafford 'I'ownship,

School

7s.

APRIL

After June

30, 1886,

the following prices

Co.—

10.

Johnson County, Indiana63.

Louisville

&

,5.

Bath County, KentuckyCompromise 78.
Centre Township, Indiana-

Mills

Room

17,

New

Sew

Building,

li."^

PlaM,
„,
Plane,

York.

Charleston
COMPANY
RAILROAD

CENERAE MORTGAGE
PER CENT GOLD BONDS,

PER CENT GOLD SIX
1916,

DUE
95

83.

ISIiAND KAIIiHOAD COMP'T.
32.

of Directors have this day declared a
nuarterly dividend of ONE Per Cent upon the capital
The transfer books
?tock, payable May 1, 1886.
close April 10 and re-open May 3.
GRAVES, Treasurer.
April 1, 1886.

The Board

HKNRY

above price without

right to advance the
further notice is reserved.

The

A1.1.EY,

DOWD &
-0

FOR

AND

ACCRUED INTEREST,
From January 1. 1886.

Colfax, Indiana-

1924,

Interest January and July,

Principal and Interest payable in U. S. Gold Coin.

A LIMITED AMOUNT FOB SALE AT

Bedford. IndianaMunicipal 6!«.

&

Memphis

Coupons Payable April and October.

White County, Indiana—
Gravel Road 6s.
^pj^jj^^

DIVIDKNI) NO.

SKLIG.UAN,

N.

,

ADRIAN THOMP, 62 Exchange
Boom 17. New York.
,„ „
^
A. MARCUS, Secretary, 53 Exchange

T.

Albany
Chicago

CONSOLIDATED
BONDS OF

^pjuL16.

LONG

ISAAC

New
6

School 7s.
Richland Township, Indianaschool 73.

Municipal

A.,4»

Trea.urer.

Termillion County, IndlanUr—

^p^n^

,
„
„ «
New
York, N. B.

Plnladelpliia.

M. FRY. Bank of
CUAULKWall Street. New York.

Holders are requested. In making tenders, to state
which of the above-named series their
bonds belong, and sliould address their offers to the
hiaotlice. No. 41 Kquaable Building,
at
undersigned
Boston or to JAMES M. HAM, Assistant Treasurer.
40 Wall Street,^ew^ork.^^^^^^^p

APRIL H.
63.

be

and from the undersigaed.

CAlMi SCIICRZ, Chairman, 52 E,xchange Place,
Uo.im l7, .New Vork.
CLA llENi:K 11. CliARK, SO South Third Street,

SDCcltically to

White County, IndianaGravel Road 65.
County

will

depositaries

UQ-i. ilat,
Brad's due and payable April 1, 1f89 at
ex-coupon, and interest at 3 per cent from April 1,

Pittsburg Fort Wayne * Chicago Railway
Stock.
Qilaneriy Dividend IH per cent Kegular

APRIL

requests holders to deposit their securities and u.
sessment at once with the Bank of New York, w. BA., 48 Wall St., New York, or with the Fid.-iity lasuranee Trust & Safe Deposit Co., in Ph ladclphla.
Plans of reorganization are obtainalile from tbe

exC^lTdiV^r^'d *ya£J^Xpril 1, ias7, at 103, flixt18-6.
April 1,
c UD n, and interest at 3 per o-nt from
exBonds due and payable Oct 1, 188». at iOS>», flat,
coupon, and interest at 3 per cent from April 1,

2.

Hamilton County, Indiana—
Gravel Koad 6s. ^-^^^^
^

Gravel Road

Philadelphia

RAILROAD COMPANX

BOTd.^'dueand payable April 1, 1,'-S9, at 111-40 tlat
ex-coupon, and interest at 3 per cent from April 1,

.

<s,

:

bS

.

3}is.

Indianapolis, Indiana-

Second Mortgage

^itt^ncial.

^ittancial.

Sec.

n

[Vol, X'

SA'.E

BY

CHAS. M. WHITNEY &
21 NASSAU STREET.

CO.,

FIELD,

BROADWAY.

JAMESON, S:»IITH & COTTIXG, Galveston Harrisburg
BROAD STREET.

&

83

'ginnnciixX.

East Tennessee Virginia

&

Georgia

RR. Co.

is herebt given that
Notice:
Central Trust Company of New \ ork will re-

the
ceive the INCO.MK liONDS of the East Tennessee
Virginia & Georgia Railroad Company, and issue its
temporHry re(:olpts therefor, on and after liKlUAY,

ENTRANCE

Chairman

3t

Committee,

Real Estate Debentures
6 Per Cent Interest. 10 Years' Time.

A first -class

security,

made on

correct principles

by some of the best mortgnge companies in the counPamphlet
Price, par and accrued Interest.
try.
JOHN ROCKWELL,
sent on application.
20 Nassau Street, New York.

E.

S.

Bailey,

PINB STREET,

No. 11

IN

B O IV I>

DEAlilN'OS IN

INSURANCE STOCKS
A SPECIALTY.
Gash paid at once for the above securities ; or they
will be sold CD commission at seller's option.

H. L. Grant,
Ho. 146 BROADIVAir,
1,.^

,

.

NEWCOMBE &

B.

I.

NO. 6

BROAD

Fifth

Trust Company,

madison Square,

(INCORPORATED
45

miLK

ST.,

BOSTON.

CAPITAL,
SURPLUS,
By the

1879.)

$500,000
125,000

•

HOTEL,
and Uelightf Ul I-'^|,tig°^cOCK,

TRUST DEPARTMENT,

for the acceptance of trusts created by Will or other
wise, and the care and management of property ana
estates.

,
DIRECTORS.

WILLIAM WCRAFO,
WILLIAM CLAFUN,
JOHN GOLUTUW^ Jj
CHAKLES MARSH,
A COLL.N8,
WILLIAM A. HASKELL, PATRICK OltAlIAM,
JOHN M.
JOHN C. PAIGE,
WILLIAM T. PARKER, THO.MAS F. TISMPLB.

WARRBN

B.

POTTER.

JOHN M. GRAHAM,

HENRT

L.

JETTE TT,

Pres't.

Sec'y.

,

&

DARLING &
G. B.

JOaS Q. MOORB. W. K. KITCHEN.

&

Moore

provisions of the charter, stockholders are
amount equal to capital stooa.

Legal Depository for Corporations, Administrators
Executors, Trustees, Guardians, and Courts ot l..aw
INTEREST ALLOWED ON DEPOSITS, subject
lo check, or payable at specifled dates.
Trustees under llortgagea of Railroad and other
Corporations, and KIscal Agents for the payment ul
Bonds, foup<jns. Dividends, Ac.

NEW YORK.

The Largest Best Appointed and Most Liberally
Managed Hotel in the City, with the Most Central
CO.

SCKUT

Schley,

BANKERS AND BROKERS,

liable for an additional

Transact a General Banking Business

CO.,

.STREET.

Avenue

International

KKW YORK.
Co.,
CITt BAILBOAD STOCKS & BONDS
R. T. Wilson
BOUOBT AND SOLD.
BAKKEES AND COMMISSION MERCHANTS
% ExcUanse Court, New York.
Bm QaoUttona of City BaUroadg In thli paper.
.

DUE 1905.
A LIMITED AMOUNT FOB SALE BY

g>.

PINE STREET,

6>3

SECOND MORTGAGE 7 PER CENT
GOLD BONDS,

BROKERS AND DEAI.ER8

1888,

The assessment of fSO per bond will not be payable until the committee is read v to deliver the sectirthe
Itles of the new company on the completion of
F. P. OLCOTT,
reorganization.

San Antonio Railway,

Flagg,

Buncan Building, Cor. Nassau & Pine Sts,

The option to deposit the Consolidated 5 Per Cent
Bonds of the Bast Tennessee Virginia & Georgia
Railroad Company expired on March IS.
Of the entire issue of $14,671,000, bonds to the
amount of tl4,074,00O have been deposited.

THE20TH KKUltUAKY,

&

Reed

NEW VOKK,
BROAD STREET,
Connected with

26

BllANCQ OFFICES

?JwKllSt

14

So 3d

141W

t

St

N

Y.

St., I-hiik.
,

Wash-3.

I.

A.EVAN8S.0O., Boston.

E. L.

BUKWSTEK&CO., Chi^O

HfBBABU&

K.vUMEK,llarUil

Private Wire Connections.
and Miscellaneous 8e^
Buy and sell Stocks, Bonds
Excliange-s. also Urain ana
ourtlies on New York
Board
of Trade^
Chicago
on
""provisions

&

Spencer Trask
Bankers,
Nos, 16 AND 18

Co.,

Begad Stekkt,

Iransact a General Banking Busintsi

Branch Offices:
iJonnecUd by PrivaU Wiret.

Philadelphia, 133 South Third Slreefc
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster SUP
Saratoga N. Y., Grand Union Hotd.

,

:

:

.

.

finmhi
HUNT'S MERCHANTS' MAGAZINE,
aEPRESENTINa THE I>rDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNTTBa) STATUai

SATURDAY, APRIL

VOL. 42

CONTENTS.

On

the Boston Stock

190,548 shares

THE OHRONirLE.

NO. 1,084

1886.

3,

and

Exchange the week's operations reached
and

.$3,332,920 bonds, against 31,020 shares

407
Clearing-Honac Returns
The Plmwctftl flit nation
40d
Ki'jitiirnR iif tliu Union PacKlo

The DebiStatement for March,
$1,903,005 bonds last year.
1880
416
Importa and Exports for FebWttk EnMnt Xarch 27.
ruary and for tlie Two and
410
R<'l>ort
Twelve Moutlia Kudnif? with
The Advance in Tnink-Line
1888.
1885.
Per Cent.
February in 1886 and la^S. 416
Rates — Its Progrcus and
Efffcta
412 Monetary and Commercial
1633,711,343 (437,109,556
New York
f66'4
EnKliab News
Cotton Consumption und Over417 SolM o/—
land MoviMucnt lo April I... 413 Commercial and Hiscellaneoua
(2,887,764)
(1,7*8,980) f-(-48-7)
(St<>c;it<....«)karw.}
Financial Kevlcw of IVlarcli... 414
News
418
(+83-6)
(490,400;
Unlt<d

(Cotton

Treasuiy State-

8iatcii

ment

(267,300)

balei.)

New York, N. Y., as second class maU matter.

Post Ollioe,

tlie

puliU.shris c;iiinot bo responsible tor remittances unless
or Post Ollicc Money Ordi-rs.

A ueat tllf cover

made by

(86,342,000)

(52,488.000)

(-30-8)

(34,845,000

-(•89-1

(*5.328.:)26

-rS8-0

-I-25-1

4,025.800

+10-6

-1-159

1.8(J«.85..

+25-8

-1-10-4

1,088,618

+01

-l-Sl-6

861.625
799,875

+ 18-4

726,1110

-6-B
+21-8
+8-7

-^545

430,8.;2

+10

+370

(84,815,953

+30-1

+SICO
+4-8

i'ortlaud

7->9.ooa

Worcester

730,627
708,085
425,988

(62,880,628
2,994,500
1,247,066
793,015
704,932
562.155
698,110
275,775

182.005,853

169,858.211

153,707,403
6,993,178

-(-25-3

(69.186,727

+7-5
-9-2

«,7Sl,7ti6

lfl,7J9,7«3

(42,872,783
6,502,255
11,863,585

t71, 480,359

(61,228,623

-1-16-7

142,203.002
8.072,700
8,319,112
2,779,873

(33,771.613
7,266,230
2,792, 404
2,03 i, 199

1.022,151

1,080,540
1,423.256

+18-9
+86-8
-0-8
+27-6

8,083.487

173,30.3.999

furnished at 50 cents; postage on the
Volumes bound for subscribers at $1 00.

cents.

is

.

3,748,500
l,414,9a8

.

677,814

Lowell
Total N. England
Philadelphia....

Pittsburg
Baltimore

.

Total Diddle..

Chicago

Dratts

ClDClnnatt

Milwaukee

same is 18

Detroit

Office* in Englaud.
iDdlanapoHs
CoMMEKOiAL and Fina.nciai, CnRONtOLE in London Cleveland
la wltli McJssrs. Edwakds
Smith, 1 Drapers' Gardens, E. C. where subcriptioiis and ailvertiscmonts will be taken at the regular rates, and Columbus
TUeollicc of the

....

1,816.862

<fe

inrle copies

of the paper supplied at Is. each.
xbeotliceof the Chronicle in Liverpool is at B15,
wniiAM
WII.I.JA.M R
K. niNi
IJVNA. > WH.E,IA.n B. DAiy.4 4:

toax

^

Q. KLuri>.

^g

^

gj

Exchange Buildings
Co., Publlsliera-

,,r|i|,a,„ street,
Post Office; Bo-x

NEW
YORK.
958.

CLEARING HOUSE RETURNS.
character, a

March

20 of |20,613,287.

falling off

from the

While

at

some points there

is

1,778,367
6*1,721

1,191,740

745,838

Omaha...Denver*

2,413,176
8,313.135

2,174,548

-16-2
+11-0

(64,031.763

(52,428,196

(13.050,486
730.267

(13,879,517
699,790
8,788,946

St.

LoDls

St.

Joseph

8,072,852

Orleans

period of last year the exhibit is exceedingly satisfactory,
there being an excess in the aggregate of 45'4 per cent, in
which all but five cities participate, New York, Lowell, Boston, Columbus and Detroit leading in percentage of increase,
while the only important decline has been at Peoria.
As showing the relation the present year's figures bear to
those for previous years, we have prepared the following
We$k Mar. m.

New

Yoric

Otliers

1888.

1883.

1884.

1883.

t»t2.T26,3gi $848.36!t.l45
683,711,843 437,169,555

»(M»,42B,174
elO,83i,70S

tS29,835,797

(250.015,091 rai.193,500

$239,093,409

»2aO,787.S5a

+8»S

878,14

-10-5
+71-3

(64.t'69,988

—4-8

(12,551,869

+17<
-81

(31.999.643

+7-7

(8,843,482

+2r3

(10,483.338

+1B-9

(64H.383,145

+45-4

(»22,J^I3.I07

+41-»

(811.193.590

+22-6

(^9,9t<6'.U21

+2!i'a

723,28:

7,061.070
4,187.678

4,677.746
1.047,804

+9-7

+1»»
+i-a
-M4-«
-Hiro

1,361,707

and New Orleans last year embrace only
Good Friday having fallen in the week.
Five

Dav BiuUng ApHl

2.

S D'vs Bnd't Ifor.

M

598,867,»8>l

1886.

New York
Saia of stock

New

arising through operations other than

(375,593.574

(1.580.000)

(638.677)

84.047.960
43.75 1.600
8.963.388

46,480,005
81,048,964

(skt.)

,

ToMlall
I

-M17
(+186 8)
+89-7

HO-0

N»w York

1880.

+52-4

(8,SM,S0 4

(-f«7 7)

ei,I49.30-i

+38-«
+SS-8
-7-7
+»;•«
-8-3
+1S-4

45,459.00:<

+7^

0351.1885,470.(XXl

6.781,668

+20^e

0,808,937

(70«,475.836
48.268.880

(518,383,43.
40,640.443

-hsia
+18-8

1731.782.191

(752.742.217

663.003374

+36-1

f

PerOtKt

(68a,7«iy8»4

+10-4
-0-1

+242
(IT7.4IU.S00
220 379.4211
jfiaumaied on tue uaalsof tun ituA weeUj retonu.

Owtntrtw
*

Percent.

8.207,90»
84,880,180
11,600.800
4.793,700

38,I29,"00
10.648.60S

Orleans...

Total. ...„
Balanoe. Conairr*

1885.

(S82,382.78S

Boston.

New York Stock Exchange share transactions record a further increase during the week, and cover a market value of
«1T3,053,0(I0, against $105,403,000 for the week of 1885.
The
stock exhibit a gain of 49-1 per cent.

1,681,889

l,044.7»t

delphia, Baltimore

four days.

parison with 1883 discloses a gain of 13-6 per cent. Further- Pblladelphla..
Baitlnora
more, it will be noticed that in each instance the cities outside Chleaco
of New York exhibit a fair excess.
St. Loots

New York

8,048.111

-2-2
+38-4
-8-6
+18-1

8,893,664

For the five days ending with this (Friday) evening, the exchanges, as received by telegraph, record a decline from the
previous five days in the total of |34,373,427. In comparison
with the corresponding period of 1885 there is an increase ia
the whole country of 36'1 per cent, while outside of New York
the gain reaches 24'2 per cent. The figures for Boston, Phila-

The above statement shows that, contrasted with 1884, there
is an increase in the whole country of 11 per cent, while com-

exchanges at

+ 1»'0

2,960.72.1

+5-4

is in

—

+18-0

»,088.;60

+22-1

1,178,665

most instances slight, and generally the result of local inten Francisco
(10,497,231
fluences as, for example, the strike on the Missouri Pacific
ToUIall
(942,726.394
system, which has effected to some extent all the cities in the
OaUlde New York (269,016,031
Southern c'ivision. In comparison with the corresponding
* Not Included in total.

(41.550.637

(29,430,049

3.471,132
3,218,384

(31,019,845

-10^

+260

1,504,250

3,832,658
4,038,234
1,495.848

Tots] Sonthem..

11,837.832
(77,896,286

+4-4
+19-3
+4-7
+26-5
-8-2

Kansas Clt7

a Qalveston*

(-H-1)
<-361)

3,958,508

LoniBvllIe

Memphis

figures of the previous weelr, the decline

+250

+Ul

Peoria

New

in the total record a gain over the returns for

-W7

+-49-2

Total Western..

For the week under review the exchanges are of a favorable

(+««-4)
(854,600 '+ias-n

IPetroimm-bbU.)

SprliKfleld

Terms of Snbscription— Payable in Advance
For One Ye ir (Includlnj; jiostage)
$10 20
ForSix Monttia
do
6 10
European Subscription tincliltliu*? postage)
11 28
Annual aiibscriptiou in London (iucliidlni; postage^
£2 7u,
do
Six Mos.
do
do
«l8s.
Tlieso prices iuelude the Investors' Supplement, issued once in two
Boutlis, and furnislied without extra charge to subscribers of the
Chroniclk.
SubiioripMons will bo continued until definitely ordered stopped. The

(2,400,138;
(28,875,000,

Uutford
New Haven

]

fsri

(-88)

Boston

Entered at

PfOMU

(39,472,000)

ProTldenoe...

(

(663,148,0)«

Mar. M'.

(30,1123.01)0)

.

publisTied in

EnMni

1888.

(.Orain. .tnuheU)

416

Thb Commercial and Financiai, Chroxicle is
New York every Saturday morning.

fVcek

10,i-83,4«)

+4T«

_t6J
+ 414

vaiMttjUfH

riir?

.

THE CHRONICLE.

408

[Vol.

XUI.

and breadslulls have been more freely offered while a
is that bills which were originally bought
past for investment through fear that our currency would
the
money
in
change
material
no
been
has
There
silver
payments on
the
week. As far as represented by bankers' balances the ex- be deranged by forced
treme rates have been 1^ and 5 per cent very little, part of the Government, are now being marketed,
however, has been put out at either extreme, the average and there is no disposition shown to renew purbeing about 3 per cent. In commercial paper the conditions chases of sterling for the same purpose. If it were
our city banks are practically out not for this latter fact and the uncertainty as to
are as last reported
on the supply of bills that source may afford, the present
of the market, but Eastern institutions having money
decline in exchange could hardly be more than tempo
choicest
in
the
investing
it
by
employing
deposit here are
rary.
This is plainly evident from an examination of the
been
have
bank
at
Call
loans
ofiered.
paper
class of
current foreign trade movement, interpreted in the light
made at 3 per cent and a few at a little better rates.
Last Saturday's return of our Clearing House banks of past facts. The Bureau of Statistics has this week
;

THE FINANCIAL SITUATION.

noticeable fact

;

;

reflected a liquidation of loans, caused in

good part by the issued

through the movement of gold to
Europe and of currency and specie to the West, added to the
small gain in the Treasury holdings. These movements resulted in a loss of about 1 1 millions in deposits and of
declining reserves,

$7,408,800 in cash, bringing the surplus reserves down to
$12,797,150, almost the wnole of which is now carried by
four banks, the others being either below or not far from
the limit of 25 per cent. Yet notwithstanding these changes
and conditions the outlook at the moment is, an easier mar-

money in

ket for

the near future

it

appears

month on the merchandise movement

a balance against us of $4,719,000, there being only one
other February since 1879 (in 1882 when the adverse
balance was $2,220,000), when the month's trade statement was not favorable. Below we give the record for
the first two months for eight years.
FOBBION TRADE MOVEMENT OF THE CNITED STATES— (OOOs omittel).
MKBCHANDI8E.

Gold.

Excess

Ttar.

Exports, Imports- of

gold skipments are not

if

by which

statement for February,

Its

that there was that

Ex-

Imports.

Export).

ports.

SILTBR.
Exctts

IBXMM

-„

Ex-

of
ports.
Imports.

pol.l"'-'ports.
j

This prospect

renewed.

disbursements of

Thursday the
for the

check as the week

to a

outflow of currency to the west, and to the

closes in the

large

due

is

first

of

the

April, the

quarterly interest

day.

being $7,377,508

latter

per cents and

on the four

$10,000,000 for the third bond

matured on that

with

Treasury beginning

call

Should

of this year, which

there

be any

return

i8r9.

in

the week, but

exhibit

the

be made up on rising

will

averages.

Discounts of

now quoted

60-day to 3 months

bills

in

London are

1^ per cent, the unsettled political and
financial situation there serving to keep business and
speculation

at

almost at a standstill.

foreign politics are causing no

little

Both domestic and
embarrassment. The

long negotiations and disputes with regard to a

ment

settle-

55.208 11,789

59,957|

»

»

2.210

1,888

598
322

512

561

+49

3,20l|

3,201

920

795
486

226
150

589
815

1,192

55,M8^ 4,309

1,120|

789
1,085

408
35

Total... l!i6,9M 110,856 16,098

1,280

376

884

2,312

1,874

438

SO

951

968

428
770

1,907

1,196

59,409
64,829

Total... 124,238

1880.

1,318'

of the difierences in southwestern

1

Jan
Feb

1881.

to

and

divide

45,285 28,794
4»,780 19,974

4,740
679

271

4,710
308

1,377]
1,728:

Total... 141,813

93,04548,788

5,319

301

5,018'

3,103

..

1882.

;

we cannot

time being, after the

first

shock was passed,

see that the net result of a European war to our
would be harmful; certainly the demand for our

;

;

1

1

1,134
489

102
7,«31

*6,762

1.552!

534
631

1,848
921

5.745

1,803

7,333

+3,730

3,734:

1,165

2,569

56,97]'33,409
56,30l|lO,554

1,310
291

34
746

1.276'

Total... 147,235 1 1 3,272, 33,983

1,601

6.636

Tot«l... 135,237,109.022 26,215

Total

64,021
56,807

56,9511

121,528 115,783

..

7,965

58,827 *2,220

1,032'

2,182

1883.
80,880
66,855

Jan
Feb

2,518

895

+455:

1,424;

988!

1,623
438

780

821

3,942

l,88lj

2,061

525
422

154
3,411

371
+2,989

2,314
2,849

1,163
878

1,151
1.473

947

3,565

+2,018

4,883

2,039

2,624

1,446
1,838

629
252

2,229
2,507

1,004

3,082

881

4,738

2,097;

2,039

j

1884.
Jan
Feb

73,990'

54,31^19,679

61,247

54.711:

1889.

1

80.633
53,940

42,221 38,312
42,028 11,912

2,075

ToUl... 134,473

84.249 50,224

3,903

Jan
Feb

l,093i
1

1,138
1,503

1886.
57,9S3
51,961

Jan
Fob

*

47,409 10,574
56.883 4,710

109,947 104.092

3,R55i

1,701
086

2,582
5.654

+870
+4,688

2,907
1.992

1,023
1,147

1,884

2.692

8.236

+5,514

4.89U

2,170

2,729

Excess of imports.

t

845

Excess of exports.

other circumstances

beiag

such

as

ordinarily prevail.

This brings up the question as to the supply and effect of
bills which may come on the market from those who origin
ally

bought for investment.

On

that point

all

-

that can

is that for the four months ending with the
February the merchandise balance (including
products other than cotton could not fail to be increased. silver as merchandise) was $72,774,703, so that after
The tendency of the foreigo exchange market has deducting the net import of gold in the same four months
been slightly downward all the week, although some of
considerable
(8J millions) there would appear to be a
the bankers advanced their posted rates on Tuesday
fund to draw from if the holders are so disposed.
but there seemed to be very little justification for the
We only have in these recurring peculiarities of the
movement and the rates were reduced on the following foreign exchange market constant suggestion of the disday.
A better supply of bills from various sources is the turbance in the mon )y currents the issue of silver dollars
present report.
Bankers have been drawing against has caused. Whil our exports continuad large and the
arbitrage transactions
commercial drafts against cotton balance in our fav
large, foreign exchange (instead of

industries

1

1

Of course the trade of February is no longer an influnew and very exciting election appearing to be almost a ence on the exchange market, but there seems no reason
necessity now.
Of course England's trade cannot prosper for supposing that it does not foreshadow the condition
under such circumstances. These conditions also may during subsequent months. That being the case, more
together have considerable influence upon our affairs, for gold would necessarily go out during April and May,

yet for the

<

{

i

disturb her so greatly during the next few months, a

the industrial depression in Great Britain has already
been a serious injury to our cotton trade, while war in
Europe would introduce wider uncertainties still and

1

)

74,079
67,734

Total...

domestic questions which threaten

I

1

j

Europe have given
afEairs a somewhat warlike appearance within a few days,
But of more intimate concern to Great Britain are her

own

66,997!

t
82

Jan
Feb

apparent in this week's bank exhibit, as they began so late

68,88955,349

t

+71

development of business activity in the sections to which
The Government disbursements will not be
it has gone.

has lately

33,515 25.894
35,374 29,435

$
275
137

i

348
115

Jan
Feb

Jan
Feb.

the currency which

$

1
1,911

been sent to
the interior, of course that would tend in the same direction; but in that matter very much depends upon the
flow of

*

be

first

said

of

. .

April

8,

THE CHRONKJLE.

]

409

up just about weak and isolated but let the enforcement of that idea
reflecting tbftt
finally
point,
and
in
January
exporting
gold be attempted where the public can bring its influence to
the specie
while now that these conditions are bear, and it has no chance of succesa and ought not to harebegan to go out
reversed and the trade balance is running decidedly against It ia not only a mean weapon, but it is, aa we have said, only
us, foreign exchange drops below the export figure.
The available against the weakest employers, thoae whom of
secret lies wholly in the Government operations and its all others it ia the interest of labor to encourage and prochanged position. So long as any fear remained about tect, for it is through this class alone that all employeea
the ability of the Treasury to hold on in the course it had
who would be employers must reach the higher and
begun, e.xchange for investment was in demand, and that stronger position.
demand has lessoned as the fear has lessened. Now
A matter that is for the moment exercising an onset,
that several bond payments have been made, and still the tling effect, is the lack of harmony among our Western
condition by ruling low) kept

;

;

flow of the diilerent kinds

undisturbed and in

of currency into the Treasury

managers, more particularly those having lines

railroad

Omaha and Chicago and St. Paul'
beginning to report a Minor differences have occurred from time to time giving
marketing of the bills which cover these old investments- evidence of a good deal of friction, but they have usually
The Treasury statements issued with the first of April are been adjusted before any serious harm had been done.
It seems Last week the dissolution of the Northwestern Traffic
the most satisfactory exhibits we have yet had.
is

the gold balance held there

fact

increasing, bankers as

we

see

i^

between Chicago and

are

that the net gold on hand has increased about 7 millions Association, to take effect April 1, because of the inability
during March and on April 1 reached 151^ million dollars, of the roads to reach an agreement on a certain point in
against 136 million dollars on the first of February when dispute, was announced and was hardly to be regarded as

We bring for
the first bond call of this year matured.
ward our usual table which affords the explanation for
these results, or we might say marks the road by which
they have been reached.
MONTIILT KEOEtPTS OP CUSTOMS DUTIES AT

NEW

YORK.

PAYMEST8 MADE IN—
lees-se.

ffoW.

j

V. S. XoUt.

Oold Oertlflcates

saver

Certifc'a.

Amount. P. a.; i mount. P. ct! AmounU P. Ct Amoitnt. P. a.
«

1889.

t

1

9

*

Januarr...'

119.000

1-2

S.l!56,000

81-6

2,739,000

26-6

4.179,000

40-6

February..

84.000

0-8

3.6b7,000

85-4

8,201,000

31-5

3,378,0001

32-3

March

77.000

0'7

8,821,000

25-0

4,488,000

3.888,000

84-5

Aprtl

90.000
60.000

0-9

1,048,000

19-5

3,813,000

39-8
38-3

4,120,000

41-3

0-7

1,780,000

18-8

4,087,000

42-9

3,665,000

3;-6

Jane

8e,Cll0

0-7

3.211.000| 33-3

8,138,000

82-5

3,210,000

333

July

93,000

0-8

5.508.000

46-6

8,790,000

23-8

86.000
81,000

0-6

4.848.000

38-2

28-8
6,017,000' 47-4

1,716,000

130

0-7

3.139,000

25-8

1,190.000

9-8

86.000
80.600
71,000

0-8

8.T4
70-8

1,216,000

11-3

.Wl
600

1,173,000

135

1,337,000

13-5

May

AMOst

....

September.
October.
.

November.
December..

,

O'S
0-7

i

1

1

3,408,000

1

7,718,000

1.811.C00

18-8

2.478,000

28-5

7.623.000
4.968.000

2,468,0001 24-9

6.025,000

i

January
February

.

March

65.B00
49.000
71,S0O

0-6
0-4

on

3,301,000

311

3,821,000

03-5

1,614.000

14-8

5,537,000

47-4

3.063.000

48-4

1.027,000

8-8

7.261,000

38-4

3,i>78,000

31-5

1,161000

0-2

[
'

was supposed that this would
Indeed, a meeting of managers was held to avoid such a result, and it was thought
a week
at
least that
object bad been
that for
attained, when suddenly on Thursday came the news that
rates of freight' were down to 10 cents per 100 lbs.
between Chicago and St. Paul and points beyond in
Montana and Idaho on first, second and third-class business, and to 8 cents on fourth and fifth class, said to be a
reduction of from 7 to 50 cents, depending upon the class.
This is certainly a bold and decisive move and looks as if
it had been made with the idea of bringing patters to an
issue at once, and avoid a long period of disturbance.
Of course, the trouble grows out of the multiplication
of roads in that section of the country, and the consequent

The labor troubles so general throughout the country
have in some important districts assumed somewhat
quieter and more settled conditions during the week
On the Southwestern system of railroads the strike wa^
supposed to have been wholly closed on Thursday, but
now there seems to be a hitch in the settlement, and the
employees refuse as yet to go to work again, not being
guided by the wiser counsels of the superior officers of

it

not result in a break in rates.

easy

so

the
point

of

not

be

will

It

adjustment,

of

experience

Another

new

competition.

of

increase

be

1

1S80.

But

a favorable sign.

and

Eastern

our

entirely

lost

may
yet

therefore

we

not

think that

managers on that
on Western men.

illustration of the effects of the multiplication of

lines, as

we have once

before stated,

is

seen in the

present Trans-Continental conflict, and here rates have got

which makes the reports that an early
imminent seem exceedingly probable. We do
not see how the roads could go further in their efforts to
secure passengers, except by offering to pay them for the

down

to a figure

settlement

is

The manprivilege of being conveyed over their lines.
were connected. As agers of the different companies appear to be heartily siek
we explained last week, the strike was obviously an error of the fight, and it is understood that concessions by all
the men having no grievance for a basis to prolong it or interests have been made in the interest of peace.
At any
to extend it, as some of the hot-headed leaders still pro. rate, Mr. Huntington is reported as talking very conthe organization with which they

;

mere evidence of desperation sure to end quickly fidently of the prospects of an adjustment of the dispute,
most embarrassing retreat.
Mr.
Powderly, and late accounts have it that the whole thing is as good
" Grand Master Workman," was wise enough to see as fixed up.
this,
so he opened the way
gracefully to
retire,
In the matter of the coal problem rather unfavorable
but because the men who have been injuring the rumors have been current, but we do not attach any great
property of the railroad will not be taken back the others importance to them.
Occasional hitches may occur, and
refuse to go to work.
They will have to yield in the end, the percentages to be allotted to each interest may bo
however, for such a movement can have no result but loss more diflficult to fix than at first supposed, but at the
and failure. On the other band, at Uohoes, where 8.000 worst this can only temporarily defer the object sought.
men left their work for a specific object, it is now reported Mr. Gowen appears to have dropped out of view as a
that they attained what they sought and the factories facte r of consequence in the coal situation
at least he
pose, is

in

a

—

up on Thursday, having granted a 12 per cent has in the making of the combination, and the parties
advance in the wages of the operatives. In most other interested are laying their plans without regard to him.
sections there is but little change in the situation.
Yet We may rest assured that in this industry determined efforts
these instances ought to serve to illustrate what can and to give effect to the principle of a fair remuneration on capiwhat cannot be done. On a small scale, " a boycott," as it tal will be made. These rumors have however had some instarted

is

called

(the

principle

roads), can succeed,

at issue on the (Jould system of
simply because the party attacked is

market during the week.
that the market responds much more readily
fluence in the stock

Still it is

to

true

good news

THE CHRONICLE.

410

Thursday of
than to bad news, and the announcement on
and the
Southwest
the
in
strike
the
of
up
the breaking

[Vol. XLII.

FEATURES OF THE UNION PACIFIQ REPORTIn

difficulty,
prospect of a settlement of the Trans- Continental
than
influences
had comparatively more effect as favoring

1885 accounts, as published

its

this

week, the Union

makes a better showing than the public had been
from the monthly returns issued during the

Pacific

led to expect

Northwest and
the precipitation of a war of rates in the
Tlie report is merely a preliminary
progress of the year.
in the coal
hitch
a
the rumors mentioned with regard to
statement to be supplemented in about a month by a
strong
arrangements. Union Pacific has been one of the
complete and voluminous account of the year's operations
page)
another
on
(reviewed
specialties, the annual report
but the leading facts and figures for the year are so
making a notably good exhibit, and the monthly returns well summarized that it really affords as much informaPeoria Decatur &
for February also being favorable.
tion as most companies furnish in their full reports, and
on the
Evansville stock and incomes have moved upward
as much as the Union Pacific itself was accustomed to
announcement of closer relations with the Evansville & give its shareholders, till the succession of the new
been
Terra Haute. But in a word, the whole market has
moreover,
are
accounts,
very
The
management.
of
periods
occasional
There have been
'i^ther firm.
clearly stated, and are reinforced by comments and
otherwise
weakness, as happened yesterday afternoon, but
explanations that add materially to the value of the
maintained.
prices have been pretty well
statement.
The following statement, prepared from returns colAs is known, there was a great increase of expenses
of
lected by U8, shows the week's receipts and shipments
during the year, and there has been much curiosity to
gold and currency by the New York banks.
know how the increase was brought about. Looking at

—

—

Wtek

eiidiiio

April

Set Inltrlor
Movement,

Beceived by

2, 1886.

n. r.

Cmxenoy.
Gold

Biiiiiis.

t682,0O0

«. 475,000

Losa..

;793.000

|«82.000

tl,475.000

Loss

»793.000

the report

entirely

Total KOld apd legal tendera..

.

we

find

an explanation on the very

in the fact that the increase

on the auxiliary

first

page

seen to have been almost

is

lines.

Further

on, a

detaOed

statement of the expenses of each branch and division

The above shows the actual changes m the bank holdings of gold and currency caused by this movement to and
from the interior. In addition to that movement the banks

fol-

showing that the increase on these auxiliary lines
occurred almost exclusively on two of them -the Oregon
Short Line and the Utah & Northern, due in the one case
have gained $3,000,000 through the operations of the Sub- to the opening of a through connection with the Oregon
Adding this item to the above, we have the Navigation, necessitating increased train service, and in
Treasury.
following, which should indicate the total gain to the New the other case to the fact that the condition of the Utah
York Clearing House banks of gold and currency for the & Northern road and rolling stock had in previous
week covered by the bank statement to be issued to-day. years been allowed to deteriorate. As to tlie gross earnings,
As the statement, however, is made up on average?, and it is shown that the increase reported is the net result of a
the gain by the Treasury is based on the payments of the small loss on the Union Pacific proper and a somewhat
last

two days

(for interest

and called bonds),

it is

lows,

not likely

larger gain on the auxiliary lines; the total gain

that the exhibit will be as favorable as here shown.
Week tndint

Afrit

2,

Into Banla.

1886.

Banks' Interior Movement, aa above

I682.000

» 1,475.000
6.000,000

Total gold and legal tenders.... llO,8Si,000

The Bank of England
bullion.

This

Loss..

reports a loss this

1793,000

which caused a considerable

Gain.. 3,000,000

^"oTsioOo" OalD

week of

to the interior.

The Bank

loss

to

the

Kansas

Pacific,

Rock Springs with regard

to
and the labor
that
an
explanations
kind
of
are
just
the
These
£85,536 coal.

troubles at

(2.207,00b

iavestor in the property needs.

represents £72,000 received from abroad

and £157,536 sent

would have

been greater, we are told, except for the constant decrease
in rates, the diminution in the receipts from through business, the failure of the winter wheat crop in Kansas,

OutofBanla. Net Change in
Bank Holdings .

9,600,000

—

of

An

France

interesting statement

is

also given of

the relative

from local business,
gained 14,410,000 francs gold and 3,585,000 francs silver amount of earnings from through and
which
it appears that local business actually
according
to
The following indicates the amount of bullion in the
during the year, while through busiprincipal European banks this week and at the correspond- increased $2,222,456
ing date

ness (including Pacific Coast business)

last year.

April
Bold.

1,

April

1886.

eoid.

Silver.

2, ISi-S.

Silver.
I

Bank of England .....
Bank ot France
Bank of Qermany. ...

22,451.463
25,662,90 i
51,217,026 44.268,059 40,298.6S0 42,469,078
18 695,829 16,579,321 12.431,250 15,193.750

Total tbls week
Xotal previous week

92,364,323 60,847.380 78,392,836 57,662.828
91,873,465 60.703,973 7^,932,430 57.774,160

,

.

$1,803,830.

total of

Wi'h

*

fell off

$23,119,622 of freight and passenger earnings for the year, no less than $17,661,221 was derived
from local and only $5,458,401 from through business.

Of a

the fierce

business,

it is

war now

not at

all

in progress

on transcontinental

improbable that the earnings frop

through business the present year will show a further
decrease, but in any event it is gratifying to note that the
the business which must afford the greatest
local business

—

—

$210,235 through the Sub-Treas- margin of profit to the company is steadily increasing,
ilry for domestic bullion during the week, and the Assist
Mr. Adams makes the pertinent remark that while the
ant Treasurer received the following from the Custom
decrease in the through business must soon stop, there is
House.
no apparent reason why the increase in the local business

The Assay

Office paid

-

Oontitting

Dale.

Dutia.
dold.

Mar.26.

"
"
"

27.
29.

30.

8342,286
372,700
450,371
565,910
366,089
367,273

91

89
10
05
24

$2,000
2,000

500
2,000
8,030
4,500

of—

U.S.

Oold

Kotei.

Oerti/W$.

$223,000
150,000
251,000
289,000
160,000

$34,000
200.000
135,000
204,000
191,000
115,000

As

should not go on indefinitely.
Silver Oer-

regards

rates,

we

proper the average is
notice that on the Union
Hflcatet.
mile, which is only
per
1-49
ton
per
cents
now down to
$34,000
than the St. Paul
more
a
cent
hundredths
of
twenty-one
20,000
60,000
71.000
33,000
41,000

Pacific

reahzed in the same year.

In

1881

the rate was 1-98

showing a decline of 25 per cent in four years. On
April 1.
43
202,00.
the auxiliary lines of course, running as they do, many, of
Total
*f ,494,661 62
$19,030 tl,275.000
$932,000
$264 009 them, through sparsely settled and comparatively undeIncluded in the above payments were 17,000 in silver veloped regions, the rate is much higher, but on these t,l^o
coin, chiefly standard dollars.
decline has been even more pronounced, the average rata
,

" 31.

cents,

[

—
April

8,

l-fflB.

THE CHIIONICLE.

i

per ton per milo being

'l-">0

cents in 1885, agaiust as niucli

as 5 "0 cents iu 1881.

With

.

reference to the financial results for the year,

we

have already said that they are l)elter than expected
this fur the reason that under the large decrease of a
million dollars in net earnings, it was supposed there

would be a corresponding decrease
year's operations, whereas now it

in the surplus
is

on the

found that the

same is only trifling. The explanation is,
that the income from investments outside of the system

decrease in the

411

$1,861,445; a year before
on the 30th of June, 1884,

it
it

bad Ijeen $4,154,401, aod
waa at much as $7,816,882.

months of the new

Tiiua in the 18

been reduced nearly

six

million

directi jn the debt

In

dollars.

the

bM

same

interval the funded

indebtedoesa of the system (whole
system not Union Pacific proper alone) was reduced
from $14S,546,460 to $146,936,408, or $1,610,052, so
that in this period of a year and a half these two species

—

were diminished over 7^ million dollars.
the__full measure of the improve-

of indebtedness

And

this

does not show

1884 to $1,382,811 in 1885,
the decrease in net

increased fro.n $406,416 in

ment, for in the same period 100 miles of road were
added to the system. The effect of this reduction of debt
earnings, so that the surplus for 1885 is $2,551,191
and of certain financial readjustments is shown in a table
The latter figure has been in the report before us, according to which it appears that
against $'.',679,264 for 1884.
changed somewhat from that reported a year ago, the while on June 30, 1884, the annual interest on funded
amount derived from Kansas Pacific land sales having and floating debt was $6,709,473, on December 31, 1885,
Wen taken out, in order to make the basis of comparison it was only $6,289,177, or $420,296 less.
the same in the two years. These land sales, under Mr.
In speaking about the company's affairs, one other point
Adams' management, it will be remembered, are being is worth bringing out, namely the increased importance

or

$976,39."),

and

this

has offset

applied to the purchase and cancellation of the consolidated

bonds of the Kansas

Pacific,

purchased during 1885.
ais

in

Had

$1,222,000 having been so
this been added to income

former years, the surplus for 1885 would have been

rimost $3,800,000, instead of $2,551,191 as on the

new

But taking the latter figure, it represents over 4
per cent on the company's stock of $60,868, 500.
In arriving at this surplus every item of charge against
income appears to have been allowed for, including the
Government requirement. This latter, in 1885, as in 1884
and some other years, fell short of the amount of interest
paid by the Government on the company's subsidy indebtedness, and if we were therefore to deduct the interest
actually paid, rather than the requirement under the law
the surplus would be reduced $828,318, against which,
however, even in that case, might be counted the increment of the fund in the Treasury, which appears to
have been $139,969. On the other hand and against the

basis.

that the auxiliary or non-subsidized lines are assuming in
the road's operations and earnings and income.
It is a

common

error to imagine that these auxiliary lines have
and that the Union Pacific has not

failed of their purpose,

derived the benefits expected from them. And yet we
have seen above that the local business is growing larger

and

through business

larger, while the

To what

ishinp; in significance.

else, if

yearly dimia-.

is

not to the construc-

new lines, is the first of these changes attributOf course, the company has had to assume large
obligations on their behalf, and the burden at one time
seemed a very heavy one, but the auxiliary system is
certainly contributing an increasing proportion of the
company's earnings. Here is a table, prepared by us
from the present and past reports, bringing out that fact.
tion of the

able ?

Union Pac. Proper,

1885.

1,832

Miles end ol year.

1884.

1883

1882.

1881.

1880.

1,N82

1,831

1.821

1,621

1,821

t
i
»
*
«
Gross earninKS.... 17,455,032 17,837,061 21,002,542 22,823,884 24,258,817 22,456,185
9,050,355 8,895,151 10,3JM,511 10,-27.04« 12.480.343 10.543.120
l^xpenses & taxes
I

propriety of such a course,

the item

of

should be remembered that

it

funds

sinking

(company's

own

bonds),

which

was taken out before finding the surplus of
$2,551,191 given, and which item by many companies is
not at all charged against income, would alone add
nearly

1

per cent to the percentage for stock, the contribu

tion for that purpose having

been $593,605.

»,104,8r7

Net earnlD^

8.941,910 10,648,001 12,096,836 11,778.474 11,910,016

Auxiliary Lirus.
Miles end of year.

2.887

2,641

2,435

2,121

Gross earnings....

8,470,140

7,820,229

7,713,598

8,719.991

4,885,870

7,107,380

5,972,964

5,544,861

4,514,912

3,369,737

2,791.23s
1,576,810

1,362,774

1,847,265

2,168,737

2,205,079

1,506,133

1,814,419

4,910

4,476

4,258

t

*

»

Expenses

k

taxes

Net earniuRS....

Then, too.
Hiles end of year.

1.033

i

it*

IThole Sustem.

one must consider that the surplus is irrespective of the
income from land sales, which by not 'a few roads is treated
the same as the revenue from operations, and made a part
of regular income account, but which the Union Pacific

1,478

«

3,290

3.042

S.SSi

»

Gross eamlrgs.... 25,925,17J 25,857,290 28,716.140 29,543,875 29.124,687 25.848,.r?3
KxpenAes & taxes. 16,157,721 14,868,116 15,899,402 15.241,961 15,840,0-*0 12,121.930
8,767.451 10,789,176 12.816.73.8! 14,301.914 18.2««.eOTl 18.124.434

Net earnings...

Thus while the gross earnings of the Union Pacific
applies to debt reduction and like purposes.
We have
already stated that during 1885 $1,222,000 of Kansas proper h ave been steadily and heavily declining since
Pacific consol. bonds were purchased and cancelled, but this 1881
the reduction since that year reaching over $6,800,the gross earnings of the auxiliary lines have been
18 only a part of the Union Pacific's income from land 000
Bales, for we see that altogether 1,433,999 acres were sold as steadily rising, though of course under an increase in
in 1885, bringing to the company over four million dollars mileage, so that now they form about one-third of the
Of course this could not have been all cash total earnings of the system. Ttie difference as compared
($4,040,387).

—
—

It

illustrates,

however,

the strength of

the

c

impany's

with say 1880

is

strikingly

shown

in the fact that in 1880

the complications arising out of the road's relations to the

out of $25,246,373 earnings for the system, only $2,791/
238 came from the branches, whereas in 1885 out of $25,-

Government, and the

925,172

posiiion in that regard,

Tue

truth

is,

that were

difficulty of getting

it

not for

Congress to deal

$8,470,140 came from the
true that the net earnings of the branches

earning--,

total

with the matter in a fair and reasonable way, the condition
and prospects of the Union Pacific to-day would be very

branches.

favorable indeed.

standing the gain in gross earnings, but that follows from
the augmentation of expenses resulting from the increase

The use that has been made of the company's large
income, as well as the care with which the finances of the
property have been administerel under the present management,

maybe

seen by a reference to the changes in the

funded and floating debt. The net floating debt on tl.e
3l8t of Ddcember, 1885 (after deducting only such items
from the gross debt as are properly deduotable), was but

It

is

have greatly declined during the

of mileage
at

last

two

years, notwith-

and from the enlarged amount of business done

Even as it is, however, these
rates.
show a very fair amount of net earnings.
should be remembered that the object of their

greatly reduced

auxiliary lines
Besides, it

construction was not so

operations as

it

was

much

to secure profit

on their

own

to increase the profit of the older por-

THE CHRONICLE.

412
by furnishing

tion of the system,

consequently increased

with

it

sources of

new

feeders and

Under

traffic.

the

pressure of competition the earnings of the original system

we have

seen have fallen off heavily, notwithstanding the

rendered by the new feeders; but what would be the

aid

had these feeders not been
supplied ? Or in other words, what would the decline
in earnings have been in that event ?
Except for the
branch system, the Union Pacific would be limited almost
exclusively to through and competitive business, for which
so many lines are now fighting and on which the margin
condition of things

to-day,

down

of profit has been cut

been turned into a positive

close to nothing, if

it

has not

loss.

THE ADVANCE IN" TRUNK-LINE RATES— ITS
PROGRESS AND EFFECTS

New York to
cases to get a

[Vol.

XLH.

Chicago (previously that had sufficed in many
round trip ticket). On the 1st of December,

however, an advance to full $20 was made, the rate
for
the east-bound trip, Chicago to New York, being
placed
All this time the immigrant rate remained at the
unprecedented figure of $1 New York to Chicago. After
a prolonged discussion as to whether the new rate should
at $17.

be $13 or should be $8, and the completion of the
preliminaries
for
a Clearing House, the rate was
finally
fixed
at
on
$7
the opening of
said
Clearing House, but that did not happen till
the
14ch of January in the present year.
After this the
advance in live stock and dressed beef rates did not come
till the 1st of March, as already
said, and this week we
have the restoration of the old $20 rate on passengers,
first-class,
Chicago to New York. In view of the prom-

It is probable that in
this

week (April

$20

for first-class

in that

trunk

the advance of passenger fares inent part that this re-establishing of profitable rates has
between Chicago and New York to played in our railroad and industrial system, we recapituand $17 for second class, the final step late briefly here the several events that mark the progress

1)

restoration

of rates

settlement

line

which had

of last

origin in the

its

summer has been

taken.

New York and Chicago the official tariff has
been $20 since the 1st of December, but in fixing the
east-bound rate at the same figure various diffiaulties have
Between

been encountered which have delayed

till

the present time

actual enforcement.

its

As

the

work which the managers

do has thus

set out to

been practically completed,

it will be of some use to note
the various steps in the process, and their gradual development. Such a retrospect is the more timely that there

is

some

talk

This

grain.

now

—

of again

latter,

reducing rates on east-bound
however, if it should be carried out,

of the peace era

among

the trunk lines.

Oct. 1.—Advance in east-bound rates to the Imsis ol 20
cents per 100
lbs. on grain, Chicago to New York - in .September
the roads
had taken business at 10 and 12 cents.
Oct. 5.—Advance in west-liound rates from 40 cents per lOO lbs.
to

60

cents on (irst-class freight, New York to Clilcago.
Nov. 18.—Advance in westbound rates to a basis of 75 cents
per 100
lbs. on first-class freight, New York to Cbioago.
Nov. 23.— Advance iu east-bound freight rates to 25 cents on grain,

Chicago to New York.
Dec. 1.— Passenger rates advanced to $20, New York to Chicago,
(against
$14, to which an advance had been made Aug. 22), and to
$17,
Chioaeo to New Y'ork.
Jan. 14.— Immigrant rate of $7 to Chicago put In force,
against

$1

which had so long prevailed.
March 1.— Advance in rate on live cattle from 25 cents per 100 lbs. to
35 cents, and on dressed beef from 43is cents to 65 cents, Chi-

cago to New York.
would not signify a slipping way of the benefits of the April 1— Passenger rates, Chicago to New York, raised to a basis of $20,
first-class, and $17 second-class.
peace compact, but simply an effort of the managers to
"While
thus it is clear that by the 1st of December the
put the roads in position to compete with the water lines
on the opening of navigation. It is simply a question as advances of greatest importance, as far as results are
concerned, were made, it is no less true that the advances
to whether it is better to compete for a share of such
busi-

the lake and canal route, and thus accept a since then are also important, and this brings out the
point of chief interest, namely the gradual manner in
lower rate on the whole body cf trafiic, namely that
which
which the benefits from this new policy have been secured,
the roads would get anyway and that which
otherwise
for it is only with the opening of the present month that
would go to the water carriers, or whether it is
ness with

better to

maintain the present rate and take what

traffic

can be got

But

this is

a minor matter.

Eeturning to a consideration of the mode in which the advance in
rates has been
carried on, of course the passenger schedules
were not the
only source of difficulty.
In the case of freight rates
equal time for the completion of the necessary

preliminary

negotiations was consumed.

To show this, we need only say
but a month since the "war'^ rates on
dressed
beef and live stock were replaced by a
new and higher
that

it is

schedule,

which

latter

move,

as

is

known,

provoked

more controversy than all the other moves combined.
The
work of restoration began by the advance, Oct.
1, in the eastbound tariff on grain to 20 cents per 100 lbs.

New

York,

the trunk-line
this

at that rate.

this species of freight

Chicago to
having been taken at as

roads enjoy in full these benefits.

circumstance

which

gives

significance

to

It is

the

improving character of the exhibits of earnings as they
have come to hand from month to month. The latest
month for which we have returns is February, before the
advance in live stock and dressed beef rates went into

and in this month the gain over the previous year in
both gross and net earnings has continued very marked.
"We gave the Pennsylvania exhibit for February last week,

effect,

and commented upon the fact that the gain for that month
was the largest yet reported, and that since last October
it had been growing heavier each succeeding month.
This
week we have the Erie statement for the same month, and
though there is not the same relative increase as before,
yet the showing is very satisfactory.
We have thought
it worth while to bring together the figures of increase

low as 10 cents in the month preceding.
Four days
later, on October 5, came the
advance in west bound for each month for these two roads, and here is the result.
rates from 40 cents per 100 lbs 1st
Of course, in part the gains are the result of the improved
class to 60
cents per

100

business outlook, but in the main they are the result of
and
the higher rates in force.
Over a month then elapsed before
the next
INCREASE OVEK PREVIOUS YEAR.
practical step followed.
But on November 18 the westbound rate was further advanced to a basis of
Pennsylvania.
Erit.
75 cents—
the highest figure that had prevailed
Oro9s.
Net.
Orois.
Net.
in the more recent
years.
Then, on November 23, 5 cents more
t
*
*
per 100 lbs October
88,873
13,111
112.791
46.668
was added to the east-bound rate
20,602
140.B74
(grain as a basis^' November
209,188
122,149
December
277,854
262,971
S02.R02
making it 25 cents. While this was
165,017
going on, through January
144,014
•39,033
131 670
218,161
pMsenger rates continued pretty
4;3,775
437,118
179,862
96.780
well demoralized, though
on August 22 the official
827,.TK
Total
814,738
1,020,D04
M2.ie4
tariff had been fixed
at $U
lbs.

These two moves constituted

the

first

earliest step.

*

Decrease.

—

April

On

3.

THE OHROKICLE.

1886.J

the Pennsylvania

steadily developed

the only break in the

amount

the

February,

in

till

was over $

movement being

On

the weather in January.

100,000,

that occasioned by

the Erie the last two

have shown some alight falling
should be remembered that

the increase has

of

it

off

the

months

of increase, but

it

earnings in these

Erie's

respectively

the same

for

The

years.

413

total for the

month of the two preceding
seven monthf records an increase

over the corresponding periods of 1884-85 and 1883-84,
in the former insunce of 273,418 bales and in the latter of
21 1,214 bales.
Foreign exports have been more free than
during March of 1885 but fall 45,107 bales below the
figures for 1884.
In the total for the season to date the

two months are always small and consequently the gain
must be expected to be of like character, further that decrease from last year is therefore
tile result on that road a year ago was not particularly
reaching now only 111,820 bales.
baci

— certainly

and then

much

than on the Pennsylvania

less so

present year's figures

Erie has a large coal tonnage on which

also the

the rates this year can not have been good.

OVERLAND

MOVEMENT TO APRIL
By

we

telegraph

Mtvmm/Hrvm
S«pt. 1,1888
1,

w

1886.

down

of

cotton

to the

first

1.

overland during the month

has been of larger proportions thaa during

February
notwithstanding the strike on the Southwestern sys.
tem of railroads. The gross shipments for the month
has been 103,666 bales, and exhibit an increase over
March, 1885, of 15,305 bales. In comparison with the
corresponding month of 1884 there

Ortat
rratwe.
Britain'

Sept.l,
18S4.

1,

654,291

449.267

781

10.036

Indlanola, Ao>.

Netr Orleana.... 1,007,949 1,461.328

Mobile

231.014

286.201

Florida

49,750

75.906

7SS.707
15.018
462.887
12.899
93.735
7,320
499.750
245.713

698.787

Brunswick, Ao.

OVERLAND MOVEMENT TO APRIL

KXP0BT8 8IX0C SIFT.

Sept.

OalTeston

of April.

The movement

Receipts Receipts
t*nc«
since
1888.

today to compile our usual
movement, receipts, exports, &c.,

for another month, bringing the figures

of the
in the

is

Charleston.
Port Raral,&c.

Wilmington
Moreh'd C, Sie.
Norfolk
West Polnt,4a

New York

PhlladelpblB,dto.

37.623

a decline of 7,583

For the seven months of the season there
very heavy excess over either 1884-85 or 1883-84
bales.

a

is
;

in

OonUnmt.

220,903

16,545

598,869
38,369

259,&tl

97.IM5
77.614

78,523

^prill..

Toua.
810,971

88,0>»

844,084 1,200.504
38,869

mjno

8,292

288,646

308,948

mfisa

10,"«97

UB,663

280,874

sijim

23,184

66,880

«4W

s

6,271

42.666

93,033
9,585
536.889
272.657
61.934
77.976

88.223
4,'i.839

TOAodks

506.641

49,99 J

Baltimore.

1, IflSS,

9.703

176.692

2,828

4,819

188,830

it.TW

34.299
315,786

28,103

16.941
143.119

51,240
487,008
98,817

806,774

1,635

20,727

97.27B

26,«7C
39.756

Total 1886«:... 4,836,332
is

falling off

exports to Great Britain, the Continental total being con-

ApHl

1.

are able

statements of overland

the

pronounced,

feature

siderably in excess of former seasons.

CONSUMPTION AND

COTTON

that

is

less

A

1,011

81.061

34.927

J

4,354

1. 818.4971

0,810
80,875

03.428
39,281

18,881

835.801 1.108,601 3.268,809

870,875

Total 1884-86....

4.362.914 2.108.132i

311.155

916,432 3,8*l,7l»

686,141

Total 188M4....

4..^93.n8 2.092,650

410,5)8

820.769 3,328.883

718,974

*

Great Britain exports Inolnde to the Channel.

fact the present total is larger than for the

facts

any previous year.

that the portion of the crop

Using the
same period in
March reaches 65,511 we shall find

by the foregoing statements,
which has reached
bales, the gain over last year being 11,111 bales and over a market through the outports and overland, and the
two years ago 253 bales. The total for the season to Southern consumption since September 1, this year and
date records an increase over a year ago of 126,463 bales, the two previous years, is as follows.
and contrasted with 1883-84 the gain is over 156,000
1885-86. 1884-S5. 1883-84.
bales.
Our usual table of details is as follows

The

net

for

disclosed

I

I

:

OVERLAND FKOH SEPTEMBER

TO APBIL

1

Receipts at the porta to April

balcs.U, 836,332 4,562,914 4,595.118
Net shipments overland during same time 682,64Si 556,182 526,328

1.

1

I

Total receipts

1885-86.
Btnce September 1 Shipped—
From St. Louis
Over Illinois Central
Over Cairo »& Vincennea
Over the Mississippi River, above St. L.
Over Evans ville A Terre Haute
Over Jefferson ville Mad. * Indianapolis

Over Ohio <t Mississippi Branch
Over Louisville Cluclnnati & Lexington
Beoelpts at Cincinnati by Ohio River
Beoeipta at Cincinnati by Cin. Soath'ru
Over other routes
Shipped to mills, not Included above.
Total gross overland
Dedftet—
Receipts overland at N.Y., Boston,<&c.

Shipments between (or South from)
Western Interior towns
Shiomentt inland and SmMiern Spinners' Takings {not olhencise deducted)

1884-85.

1883-84

Oalveston

349,695
160,672
73,448
15,933
39,175
33,045
16,454
60.039
58,881
90,266
83,821
9,927

248,892
131,815
150,110
15,050
33,432
39.087
15,987
37,620
31,700
65,057
69,343
4,715

263,749
49,033
156,108
75,967
21,163
42,333
59,651
53,101
17,892
71,823
56,739
6,103

991,356

812,828

873,670

221,478

206,135

292,751

57,117

50,738

43,536

Savannah

100

5,783
10,825
878'

Charleston

6,429

North Carolina porta

1,002'

Virginia ports

4,963

4,492
11,857
1,107
5,638
1,268
5,411

108
8,627
1,160

73
987

Total to be deducted

308,711

286,646

347,342

lieavtog total net overland*

6^2,64!

556,182!

626,328

AND SPINNERS'

TAKlJfOS.

As

our weekly statements have shown, the receipts at
the ports during March have been liberal,
considering it
is

so late in the

bales,

against

season,

163,503

is

253,000

217,000

and reach a
bales
and

total

of 283,645

241,514

bales

236,000

of cotton

marketed since September

1 in

thus seen to be 435,881 bales more than in 1884-85

and 414,531 bales more than

To determine the

in 1883-84.

portion which has gone into the hands of Northern spinners

during the same period,

we have prepared

the following.

Total reoelpta to April 1, 1886, as above
bales. 5,771,977
Stock on hand commencement of year (Sept. 1, 1885)—
At Northern ports
103,225
At Southern ports
21,314 —129,539

At Northern

Interior

2,882— 132,421

markets

Total supply to April 1,1886
5,904,398
Of this supply there has been exported
to foreign ports since Sept. 1, 1885.3,252,899
Less foreign cotton included. . . bales.
2,949-3.249,950
Bent to Canada direct from West
30,103

Stock on hand end of
At Northern ports
At Southern ports

At Northern

month

Interior

2,514
(April 1, 1886)—.
bales. 361,190

509,185— 870,375
markets

12,749-4,165,697

Total takings by spinners since September
Taken by Southern spinners

1,

1885. .bales

The above
April

by Northern spinners

this year...

indicates that Northern spinners

taken

an

1,738,701

253,000

Taken by Northern spinners since September 1, 1885
Taken by Northern spinners same time in 1884-85
Increase in takings

shipments to Canada by rail, which since
B«nt^,h»l f^ VL*^'?*^?®»«no""'e'l
to 30,109 bales. In 1884-5 were •'»».<«u
16.725
h2F™?i'H^
ales and inS'So'o^?^**
1883-1 were 15,a47 bales.

RECEIPTS, EXPORTS

The amount
1885-86

1.

I>ale«.l5,771.977 5,338,096 5,357,446

Burnt North and South

236
,.'",

Mobile

Southern consumption since September
Total to April 1

Jtom—

New Orleans

bales. 5,518,977 5,119,096 5,121,446

increase

1,485.701
1.163,901

821,800

had up

to

over the

1,485,701
corresponding period of 1884-85 of 321,800 bales and an
increase over the same time of 1883-84 of 203,356 bales.
1

bales,

AMOUNT OF CROP NOW IN SIOHT.
In the foregoing we have the number of bales which
has already been marketed this year and the two prpvioua
seasons.

An

additional fact of interest

is

the total of the

...

TflE CHRONICLE.

^14
crop

-wlncli

was

on April

sight

in

previous years.

above the stock remaining

compared with
by adding to the

1,

"We reach that point

towns, less stock held by them at the beginning of the
In this manner we find the result for three years
season.

on April

to

1

be as follows.
1885-86.

1884-85.

1883-84,

bales.
Total marketed, as above
Interior stocks In excess of Sept. 1

5,771.977
329,000

5,336,096
136,000

5,357,446
38,000

bales.

6,100,977

5,472,096

5,445,446

—

Total in siKht

This indicates that the movement up to April 1 of
is 628,881 bales more than in 1884-85 and

655,531 bales more than in 1883-84.
As it will interest the reader to see what has come into

and previous
sight each month of the season during
shows the
which
the
following,
years, we have prepared
this

movement

Marcli

Total 7 months.

four seasons.
1882-3.

1883-1.

1835-6.

1884-5.

485,552
1,360,870
1,443.433
1,488,532
541,793
479,591
301,156

413,836
1,309,111
1,390,902
1,360,404
513,187
291,753
192,903

450,047
1,325,716
1,317,773
1,264,816
453,985
370,337
262,772

6,100,977

5,472,096

5,445,446

Months.

September
October
November.
December.
January
February .

402,336
1,130,761
1,402,932
1,435,006

803,565
664,834
518,540
I

To

more exact meMure

furnish a

April

1,

we

give

below

of

the receipts
table

weight of bales. "We give for comparison the
the same time in the two previous seasons.

Number of

Alabama
Georgia*

eonth Carolina.
Virginia

Korth Carolina.
Tennessee,

<&c..

Total
*

of

8%

3-19
3-iO
3-20

8*1

8%

.8..

8%

3-20
3-22
81iif 3-22
811], 3-23
811,6 3-23
8l'u 3-23

U..

6H
034

317

12.,
13..
14.,
15.,
16.,
17..
18.,
19.,
20.,
21.,
22.,
23.,

3-23
3-23
3-23
8lii
3-23
8%
813j6 3-23
813
322
813l6

3-20
3-19

24.

8«i

319

25.,

8liv

26.
27.
28.
29.
30.
31.

Bill,
8lli,

3-19
3-19
3-17

634

6%
6%
6%
634
B34

6%

8,

Sl'ie

,

S.,

811,8 3-17
811
313

8n;« 3 13

3-13
3-13
3-13
3 13

ll'ie'

11
10iB,e
lOTs
lO's
10:6,6

6%
6^
OH
6%

313
3-10
3-10
3-10

11

309

11
11
11

3-09
3-1 >9

3-09

714

6!^

tow

iiig

10»»

3-4G

i'lTia'"

3-46
3-41
3-37
3-37
3-37
3-37

Sheetings,

.8...

I0i«

10%
10-9
10^2

..

'-'h

714
714
714
714

Yh
714
7%
7>4
714
7'4

...8..

6\ i"i'"
6% 11
6% 1015,
6% 1015,
6\
10%
6\

Pri7il-

1 !«

«...

.

ll

i'o'i5,e

7>4
714
7'4
714

a...

..

634

8...

6\

l'i6
iHiB
ni,8
lUie

3-12
3-12
3-:2
3-13
3-13
3-13

OoU'n

stand- mid- elinhs. standard. dling. t;4jcU4 ard.

.8...

ll's
ll'ie

3-09
3-OJ
2 03

"vV

308

^M

3-Oi

714

3-1.8
S.

74

lOiSia 3-07
1013,6 3-07

714

ioij
IOI2
lOig
10 la
108,8
lO^lfl

'in"
7V,

714

7^
714
7^

8...

3-37

3-36
3-37
3-37
3-37
3-33
..8...

7>4
714
7>4
7I4
7'4

3-38
3-41

7V
7>4

344

7"4

ion;*

3-4,4

10\
10%

3-14
3-14

7H
714
7H

i"0"58"

1011,6
1011

.

8...

7H

ibis;,

Vi,"

714

11 13,.

7>4

3-44
3-44
1013,6 3-50
3-50
lO-^a
3-50
11
IH16 3-50
..8...

111 i«

3-50

7H
7>4
7>4

7H
-^

The abovepricesare— For cotton, low raidiilin? upland at New York,
for prlutlng oloti, iiuiQufiictui-er.v pi-loes; for sliaetinis, agenW prices
wMcli are subject to an average dlscounnt of 5 per cent.

FINANCIAL REVIEW OF MARCH.
The month

of

March was

dull

up the other were not calculated
the

figures for

Satne
Same
1886. peri'd in peri'd in
1884-85. 1883-84.

Weight in
Pounds.

Average Average Average
Weight.

Weight.

655,072
1,607,949
234,014
803,565
465,736
745,463
103,055
1,157,123

338,632,920
775,031,413
117,475,028
389,994,201
221,736,910
354,020,379
48,126,685
568,147.393

516-91
482-00
502-00
485-33

514-57
477-50
498-00
469-63
466-20

467-00
491-00

465 20
489-00

478-13
494-00
4G8-00
467-10
472-93
470-40
494-00

5,771,977

2,313,164,934

487-38

48006

482-72

Bales.

Xexafl ..........
lioalslana

1,

3-19
3-17

87l6

1884.
Sheetings,

and unsatisfactory.

The

exports of gold on the one hand and railroad strikes on

our usual

Seven Months Ending April

w

1..
2..
3..
4..
5..
6..
7..
8..
9..

6,407,994

WEIGHT OF BALES.
to

March.

1885.

CotVn Print- Shtet- OoU'n Printlow
ingSf
low
mid- cloths. stand- mid- eloths,
dling. 61x04 ard. dling. 64x64

10..

the present year

for the last

1886.

date at the interior

at that

[Vol. XLIl.

47610
47490

47000

Weight.

5 9-81

make the commercial
on the Texas & Pacific
and Missouri Pacific had a bad eSect on the trade of the
large sections of country adjacent to those lines, and as
world

feel

buoyant.

to

Ttie strikes

they lasted for over three weeks, the paralysis of business

during that time was severe.

The exports of gold from New York during March
amounted to about $9,200,000, of which a large part
went to France. The condition of our export trade which
permitted this large shipment of gold was not at all
gratifying, and the Government report of U. S. exports
and imports in February (published late in March) showed
that the way had been prepared for this gold export by
an excess of merchandise imports over exports in that
month of $4,718,720 against an excess of exports in
February, 1885, of $11,912,789, being a difEerence against

Including Florida.

be noticed that the movement up to April 1 the United States in February, 1886, of $16,631,509.
ehows an increase in the average weight as compared with
The money market was but little influenced by the
the same period of the last two years, the average this declining bank surplus, although that surplus ran down
year being 487 -38 lbs. per bale, against 480-06 lbs. per bale from $25,937,775 on Feb. 27 to $12,797,150 on March 27.
for the same time in 1884-85 and 482-72 lbs. per Dale in
The rates for call loans hardened slightly, and some1883-84.
times reached 5 per cent, but the usual range was from
THE COTTON GOODS TRADE IN MARCH.
1^ to 4 per cent for call loans to stock borrowers.
The jobbing trade in staple cotton goods was active
The stock market had little animation, and prices natIt will

during the greater part of the month at New York, large
aggregate sales having been made in package and assorted
lots by leading jobbers.
The demand at first hands has
been spasmodic and irregular, operations on the part of
Southwestern buyers having been materially checked by

Brown

railroad labor troubles.

sheetings and drills ruled

quiet in agents' hands, and

bleached goods were only in
moderate demand; but some large orders for cottons flan
nels were placed for next

done

colored

season,

and a

fair business

was

urally
la the

drooped under the influences prevailing. Early
the DrexelMorgan syndicate announced that

month

Mr. Corbin had joined with them. The Western Union
Telegraph dividend of \^ per cent for April was declared
payable in scrip, and the quarter's net income was
estimated at $906,000, or about $300,000 under the same
The Trans-(yontinental war and reducquarter of 1885.
tion of
of

the

rates to California took place in the

second week

and this, together with the railroad
remained throughout the month as the principal
month,

Print cloths have slightly strikes,
but values of other staple cottons cause for depression in the stock market. The Philadelremain fairly steady. The advancing tendency of the mar- phia & Reading plan of reorganization was issued by the
ket for certain kinds of staple goods has, however, been syndicate in the last week of March; a combination of the
temporarily checked by the recent lull in the demand by anthracite coal coxpanies was partially effected, with an
in

declined

in

cottons.

price,

•wholesale buyers.

print cloths in

At

the close of

the hands

turers reached about 460,000 pieces,

on February

28,

March the stocks of ai^reement to limit the production in 1886 to 33,500,000
and manufac- tons. "When the termination of the strik es was believed
against 450,000 pieces to be assured, just at the close of the month, there was a

of speculators

and 1,580,000 pieces March

31, 1885.

better feeling,

bu there wai no buoyancy; and a cutting
.

of

.

April

THE CHRONICLK

IS60.

3,

against the stocks of the roads engaged in

fclfruary.

Foreign exchange was strong, and the high rates perthe export of gold above mentioned.
Towards

mitted

the close rates weakened and gold exports fell oS.
The following summary shows the condition of the New
York City Clearing- House banks, rates of foreign exchange
and prices of leading securities and articles of merchandise, about the 1st of April 1884, 1885 and 1880.
STATIBTIOAL HUMMART ON OB ABOUT APBtL I, 1884, 1885 ANb 1886.

••

.

;,

;

1886,

A

iwi

r

348.293.700 300,981,210 3^n,0,*)S.600
«(i,9a(i,oco 104,752,800
7!l.084,(iOO

.

8i>eolo

Circulation

10.e>99.700

ii,j:t:i,so(i

7,9-i9,t>oO

31K,709.»00 35:),U:',90o 3SO,'2(U,tiO0
27,40.5.0i)(;
32,029,900 28,778,700
86,677,480 8^.8«0.97.") 95,066.150
94,101,900 136,782.7t0 107,863,300

,.....,

Legal tenilnrg
Legal reserve
Reserve held

68
25

Dcnv. O.

8
*213
*30
tloiiHt. A Tex. Cent..
tlllnoUi Central
141
Do L'sed Llne4p.o

K.

A

Ilk.

AW

Surplus reserve

$

United
3»,

7,724,450

4a5

49d.

4ti'8

l>a«3ia

4 851a

100%

100

option U. 8

rt'!.'ifltor<>d.

136^
113\

Gs.ciimiiu'y, 189S
4>a8, 18i»l,coui>on
4s of 1907, ctmpou
Railroatf aioeks

II214
1211a

12i:U

—

Central A Hud. Riv.
Eric (N. Y. L. E. & W.)
I^ke Shore <fe Mich. Southern.
Miohi.u'an Central
Clniau'ii Kiick Islaud <& Pacillc

New York

118

Illui.tis (_'(uitr;».l

129!%

Nortliwesteru. cora.
A: St. Paul, com.
l>elawai-e Lack. <fe Western ...
Central of New Jersey

lltjia

,\:

Chicago .Milw.

10238
2()i4

82^1

57
113

d-4ia
12,1

I2518
9tl8

139 14
10738
Si's

70

85=8

8518

A

86\

4^1

4>s(,

llarch.

6s,

opi'n Our.,

1891, 1907,
coup. eouf. U. S. 1898,
reg.

4 las,
March.

3s,

4s,

1891, 1907,
eoup. eoup.

reg.

6s,

opl'n Our.,
8.

if.

rtg.

1898,

li7H
l2Ti

X...

I2718
11258 12714
100''8
1120b

reg.

12714 lOO'a

127%

13.
14.

13158

126%

24..
25..
26..
27..
28..
29..
30..
31..

.8.

112»f

..S...

1121* 1261a
11213

H2ia I26I4
..8...

11238
11238 I26»s lOlia
1121s 126''8

11258 127
127 i«j

Open.
High.
Low..

112

CI08.

.

18..

1126^1

The following

X1258 I2714 lOO^a
112=8 12718 101 la
Hl!>. 125% 1 00 '8
11212 126^9 lOlia

1345e
13459
13459
13458

.
February.
~
Low'
Biah- Closing

Closing

Railroads.

Jan. 30.
Albany ikSusiineh'a. IIU

^tcbison

est,

144"8

Fe

88%

P.i(itlc...
Bost.AN.Y.AlrL. pf.

7 '8

Atlantic

r.>ii.,st

S.

A

Burl. Cedar R. & No.
Canadian Parlllo

'70%

,Caiia<la Southern
Cedar Falls & .Mlnu.

'42 li

•H

& Ohio
Do
Istpref.
Do
2d pref.

Chee

Do

^cBurl.*

10%
181a

157

Quincv.

61
421a

181a
-12

"

pref.

70

'I. I3

vhloaeoijk Alton

}

100>«

11
1713
441a
4014

Central Iowa
17
Central of N. Jersey.
45
-Central Piicillc
431*

12

140
160

5137
Mil. ,S St. Paul.
9iia
915g
^o
P™f- 12114 1211a
'-^
Ohio. * Northwest ... 1 o7 1^ 1 07 %
Do
pref. *136
13.=.%
die. A Rock Island.. 128
127ia
IS-jia

OUo.

^

Chlo. St. L.

Do

Chlo. St.P.

Do

A

*1

Plttsb.
pref.
pref.

CIn. Hamil.ADaj'ton
CIn. Iud.8l. L.
CIn. San. A C.ev
Clev. Col. Cin.
Ind.
Clev. A Pitt«b.,guar.
Cyl. A Qrweuv., pref.
Col. H'>ck.Val. A Tol.
i'clooi bid.

12''8

30
38
101

teb. 27.

143

Low- Hia^
est.

est.

13711

lit
93

90 '^
7'8

100 14,
70
66

70"

714

97
66

5313
146>a

54
147

42

"Si"

I

31 14
Pilojs aiSe 1.

67%

631a

30%

443g

14

12%

I413

20
56
12
21
I5I4

144
160

•17
54I8
4218

•10%
•19
*I3ia

142
•155

13

20

58% 5313
150
45

66%
40 14
•12
19

57I8

49

43 14

41

141a
lOia

140
154

Ilia
I914

14
143
160

79
34
4313

150
42

35% 27
381a
» K^-llvidend.

10.)

80

im

17%
13%
142

IO719

U

•27

39
101

%

3.^

55
152
42

47 »B
3214

4l>8

41
127>3

127i^»

Gtlls

52%

33

63

1

19

20-'»

47
30

47

50%

28''8

pref.

A St.

If InneaDoUs

L..

prol.

A Texas

Mo. Kans.

..

.Missouri Paoitlo

111%

IO9I8

A Ohio
A Essex
Nashv. Chatt. ASt. L.

•13»«

N. Y. Cent.
.v.Y.Chto.

IO514

14
134
47
105

48

8%
20

28^9
6368

41%

61%
37%

loie

*9

2713'

27

26%

29%

29

1978

8%

6

s%

7%

26»8

61%

58

23%

2

25%
18%

30 13

33%

18%
I4713

27
148

162

163

20%

22%

7%
34%
3%

33

7%

29
40
91

30
46
95

77%

76

"3%

Pittsb..

•42"
•90

20%
49%

43

5

•45

49
107

8%

(102%
7»8

17%

20%

l8%
•7

20%

23%

21%
10%
28%
25%

6%

25%
23%
53%
1%

15s

•24%

22

17%

13%

•20

22
25
•20%
16
2l5g
23
148
140
161
5
75

31%

8%

10 '4

29%
27

60

17%

15%

26

22

32%
22%

27%
22
24%

31
150
140
163
5

80
36

•29
•40

4
25
3J

5
31

•.40

94

94

•3%

56

2

2G%

30

34%

to%
31%

61

37%
211

8

2S

22
16

57

30%

21%

II3

35

67%
66%
17%

e-i

12% 18% 15
104% 107
2358
28% "26%

*r8%

57%

RlohmondA West Pt.

••••«•

75

4%

210

24

'77

pref.

"27%

18%

Rensselaer A Sar.. . .
Rich.AAl. st'k. tr. ct.
Riitmiinid fe Danville
,ic

•18

18%

2018
21^8

•93

21%
37%
40

46

8%

210

special

Koclie.-iLcr

17

2»i%

A E'ville.

.

105 Tg §9:»%

1858

30%

Borne Water. A Ogd..
8t. L. Alton A T. H

19%

19%

15^8
•18

28

31

5129% 5128>4

00%
16%
40%
25%

•48

58 '8

A Reading

A

21%
104

51%

6%

a%

10%
213%

220

38

32
125
IH
33

5t

91a

36
206

Plttsb.Ft.W.AC.suar

Do

4S>3
107 »3

18

5313
41

W

32% 2«''9
2958
28°a
113% 109% HOU% 111
lioei*
16% •ll
14% 14% •12
138
136% 139%

2438

208

Ohio Central
Ohio A Mississippi. ..
Ohio Southern
Oregon Short Line ..
OrcKou A Trans-Con.
Phlla.

37%

102

A Western..

Peo. Decat.

19%

8i8

"245^

pref.
Do
». Y. SNewEnsl'd.
N. Y. N. H. A Hartrrd
N. Y.Ontario AW...
N. Y. Susq. AWest..
pref...
Do

32'4

44%

21% 21% 23% •21% IS
21% -18
4658 •45%
Do
pref.
45% 45
42
45
42%
•102%
Do
lat pref. 100% 100% 105
97% 103% 101
40% 39
St. P, ADuluth
42% 41% 40% 56% 52'*
102
Do
pref. 101
109% •103
105% 111% ^107%
114
St. Paul Minn. A Man 115
118% 118
112% 11858
Scioto Valley
9% 10%
8.

Francisco.

Do

t

16

14

15

13

12%
47%

13%
54%

51%

Bankers'

A

18%

18%

20%

Mer. Tel.

35
3

35

^2

145
102

62%
122

^13

23%

Uomestake Alining
Maryland Coal

II

28
20

11%
*6%

Min

^20

pref,

150
108
66

15%
25%
31%

21

35

35

2%

7

7
21

23%

A Iron
Variocts.

2%
35
115

.......

143

113

145

145

105% 10134 106% 103
'65

6

25
12

•6%
•22

i

119

14%

Tenn, 'oil

Canton Company

16
«>•

17

73% 567

22

16%
15%

11%
11%

16

11%

17%

38%
12%
47%

73% 532%

125% 124

12%

^22

Central Coal...

75

70 5h

^22%

66
124

•62'a
'118

16%
24%

13%
23%

17%
27%

23
17

23

11
10

12

'•'16%

13%

•10%

6%
22
38

18%

•26

6%
22% '20%
60

42

59% 59%
59%
109% 106% 110% 110%
102
102% 111
103%
90%
5102
93% 106% 101%
91
23% 31% 23%
29
21% 30
§97%
102% 100% 104% 103
§93% 104
58% 51%
59% 51% 49
57% 49
132
13778 133% 129
134
13 1 % 133
60

Consolidated Gas Co.

Del. A Hud. Canal. .
Orecon Improv. Co..
Oreg'n R'y A Nav.Co.
.

PaoittoMatl

PiiUmau Palace Car.
prices bid.

15
9

18%

115

Colorado Coal A Iron
Consolidation Coal..

Do

13

51%

•2%

3

38%

11

41%

30

Commercial Tel. Co
Mexican Tel. Co
Western Uuion
Express.

New

30%

12%
49

9% "9% "li" "9%

pref.

Tklegraph.
American Dist. Tel

I

Prices asked.

5

Ex-dlvldend.

BAXKBB8' BTERLINO BXCHANOB (FOSTED K4TE8) rOB MABCU. 1886.

§119%
ft3Sia
>126

86»8

92

42%

75

'

13334
58818

27

12%

92

12%

9<%

142% 139%
99% 100
•99
21% 2858 24%
7
8% 12%
79% 88%
88% 94% 90%
3i% 43% 89%

.TO

CJuicksilvur

S3
10

137»8 12913 137%
95=8
9i7« 5-*''8
9^58
124% *123i3 §imia 125
111% 10J% 1041a 11019
1411a I41I3 SU5I4 142
131
12958 112418 130
914
141a •12
13
35
32
26 <a
34
42 14
39% 35% 41 14
105% 10314 97
lOlia
31>3

*i

4638

I3a-'a

'.:'.":

31

99
70

6358
431a

'.'.'...'.

3413

914

I414

44%

Olos'ff

itar.

45%

105U

ACh
A

'

1 ig

'30
3314
lOOia

Mlnn.AO.

(St.

138

7l59

Coal and Mining.
Cameron Coal

— Jfarcft-.—

.

140

)I0

^22 13
'62

show the lowest, highest and
70%
closing prices of railway and miscellaneous stocks at the
New York Stock Exchange durinsi the mouths of Adams
148
American
102%
February and March.
United States
63
(Veils, Fargo A Co....
121
KANOB OP STOCKS IN FEnnnAKY AND MARCH.
table will

t32

35
73
27

A Cha'ston
Michigan (Antral
Mllw. L. Sh. A West.
MouiiiliiB

Virginia 5'idiand....
Wab. St. L. APaoiflo,

..8,

IS..
16..

f

aSTg

K%

213>4
25

69%

3713

South Carolina RR..
Southern Pai iflo Co,
Texas A PacMo
Union Pacitio

11233 126 14

20
8
'217

17

8t. L.

125'8

81

181b

Do

125%

1113,

23.

127 14

10.,
11..
12..

17

19..
20..
21..
22..

21

12.'>is

.

1.
2.
3.
4.
6.
6.
7.
8.
9.

90%

39%
36
124%

Id
78

Manhattan Beach Co.

pref...
Northern Pacitio
pref,
Do

XX

3s,

41%

6%

fi

Niiilsvllle
Nashr..
IaiiiIbv.N. A. AChlo.
Manhattan, conflol...

D.)

Uerehanilise—
Cotton, Middl'g Uplands. f) lb.
1118
ll'^ie
93l8
Wool, American
33939
§ B). 33 341
3.51a
Iron, Anicr. piK, No. l..^ ton. 20 50a'2l ,'50 I8 00®18 5t, 18 00® 19 50
Steel rails at mills
33 25
2GO0a2ti 50 34 00o)„'4 50
Wheat. No. '2 red win.^ busli
l.Oi'4,
90
92ifia94Hi
48''8'»49i4
Com, West. mix. No. '2.§ bush
46 34714
Pork, mess
17 371a
» bbl.
13 00 313 25 10 50 s 10 75
Petroleum pipe line oertllic's
94^
81
721a
CLO8IKO PRICKS OP aoVKRNMKNT SECDBTriKS IN MARCH, 1886.

7
10

K4

iHland

l..onK

Norfolk

126%
48%

106!^

11:3

2513
7
12
8538

1 3 <«

A Hud. R.
A St.Louis.
pref.
Do
v,Y. Lack. A West ..
S. Y. Lake Erie A W.

126

8918
1239
6018

114
IOK'8
91

IOOI3
2858

.Morris

100^1
I3413
1121a

133

143 >3

97ifl

25%

A West

Mobile

4 87

M3B%

DCS Moines

l.,ake lOriu

Do
3I994

50ii:„d.

4 88

12,797,150

1«1^
435

Honits—

i^dtien

Chica;.;o

48,421,726

217
29^8
32

'

3%

ei*

20
80
25 <«

22
8
217

St. P.

War. at
133% 128%
16%
24% 94'

est

87

4«4
8

BHIf

oiot-a

Ul<lh.

63

20

Harlem

Do
Monei/, Kxchange, Silver—
Call loans
Prinio jmper. sixty days
Silver in lA>n(li>n. per oz
Prlmi; sti'rluiK I>ill8, 80 days..

3
e>e

.\.T. II...

UikeSlioio

Tork Oily Bank*—
Loane and olgoouiita.

y«io

«
^20

Win.A

II

I'll

lil.>,

22%

7''8

.tHlas..
V

Un

Oa.

pn>f,

•

Line-

63

v..

-.1/arrA.-

.

tth.Vl.
ft.
13.^% 127
122<V.
15
17%
21%
251a
tnl.

119<^

23

.1'!..

.k .-^i't'ix

Kast Tenn. Va.

LouiMl.

11914
17

,i'm.

mmIs
Imimiiiif

IndlanaRI.
1889.

1884.

Clntln
tng
30.

Jim

Rvrt.noAn*.

it.
I

ilciKwltft

415

out of Chicago worked

rates >>y tho >forthwestern roads

Net

9

.,

.

If or.

1....
2....
3....
4....
5....
6....
7....
8....

60

De-

day:

mand.

Jfar.

4 90
4 90

13....
14....
15....
16....
17....

4

4
4
4

88%
88%
83%
38%

4 83
4 83

4
4
4
4

90
90
90
90

8

4 88

490

9 .
4 88
10... 4 88
11.... 4 83

4 90
4 90
89%-90

4 88

8913-90

12....

60
day:

Detnand.

4 83

89%-90
8.

4 83

Uar.

... ....

25....
26....

60
day*.

4 87
4 87

39%-90 27.... 4 87
89%-90 28....
3».... 4 87
4 90
30.... 4 37%
490
4 90
31.... 4 87
4 90

4 83
4 83
4 83
19.... 4 38
20.... 4 83
. ... 8.
21
22.... 87%-83 89%-90 Range
High 4 88%
23... 4 87% 4*9%
Low. 4 87
21... 4 87% 4 89%

18...

1

Jit,

mand.

489
48»
489
4 8ii%

488
4 90
4 89

.

.

.

,

THE CHRONICLE.

416

The following statement for March, from the office of the
was issued tliis week. It is based upon the actual
returns from Assistant Treasurers, depositaries and sujperin.
tendents of mints and assay offices, and shows the condition of
theU. 8. Treasury March 31; we give the figur es for February
Treasurer,

[Vol, XLII,

DBBT BEARING NO INTEREST.

UNITED STATES TREASURY STATEMENT.
Old demand notes
Legal-tendernotes

$57,025
346,681,016.

Certificates of deposit

18,785,000

Less amount held in Treasurer's cash

Gold

810,000-

certificates

MAHCH
Assets

and

FBBBtTABT

81, 1886.

Assets

Salaneea.

and

lAabUities.

Uabttttles.

18-2,900,437

183,314,744
66,486,344

88, 1886.

£alaneM.

46,797,927122,532,996

Less amount held in Treasurer's cash
Fractional currency
Less amount estimated as lost or destroyed..

32,410,5758.875,934-

Aggregate of debt bearing no Interest.

59,264,730

{Ami)

—

242,155,167
137,573,570
46,797,927

Certiflc's, net. {JjiahilUy)

90,775.643

Total gold

Certificates Issued
Certificates on liand

RECAPlTDIiATION.
Interest.

171,805,906
2,612,988

122,533,096
32,410,575

—

12,765,000
840,000

Certiflc's, net. {Liability)

11,025,000

47,197,292
15,305,000
385,000

interest due, unpaid
Accrued interest

due, unpaid
Acc'dint., Pac. BR.b'ds
andint..(I,i<v6th't|/)

Fract'l cur'cy

redeemed

One

notes

&L

two

Int.cti'cks

Debt and

yr.

32,277,292
1,637.362
14,bl3,623

•i8'i,5»»,tlS

a78,»ao,ara
8,282,61:3

4,258.465
207,3S4
1,189

84,660
989,353

69.800
648.235

17,407,066
8,780

15,007,883
1,189

62,253

78,010

inter'st.(vl8stft)

66,033

79,199

D'bt&int.net(I>ia6(/it]/)

14,928,864

261,886

28,068,791
9,861

212,126

{Liability)

28,658,930

37,703,238

Balances. .(Liability)

206,188,119

2a6,6'J2,068

76,381,099

ra,'.i9s,'j04

515,844
28.822,63)-

581.326
28,811,037

105,719,08!

101,640,587

.

—

(Asset)
Assets not available-

Minor coin
Subsidiary silver coin...

Aggregate net Asset

TBE DEBT STA TEMENT FOR MARCH,
of business on the last

1886.

day of March,

April

1,

1886, according to the

1885.

Amount
Registered.

OutstaudiTni.

Coupon.

$
174,092,100

174,098,100

200.313.400

49,686,800
608,331,100 129,419,700

250,000,000
737,750,800

•64,628,512

215,050
14,000,000
•64,623,612

,

J.&J.

.

Aggregate..
• 2,362,000

1

1,047,360,112 179,106,300 1.240.681.462

mature Jan.

»4,380,000 Feb.

1,

Due

&Unpaid.

t

Q.-M.

pension

Jan.

Int.

Total.

Option. Q.-F.

Pacific RRs... J.&J.

Interest.

17,754
559,168

t
870,460
937,500

910,715

7,377,508

58,063

2,160
105,000
969,352

84.659

1,570,351 10,261,971

Nov. 1. 1895; »3,680,000 Jan 1 1896 ;
; 8640,000
1896 ; $9,712,000 Jan. 1, 1897 ; «20,004,9o2 Jan. 1, 1898 $14 004 560
i
18,

1895

'

1,

1,432,080,119

14.(87,884

The Bureau of Statistics has issued its detailed statement
commerce of the country for the month of
February, and the two and twelve months ended with Feb. 38,
:

Forthe2

Forthei2

Moiiths ended Months ended
Feb. 28.

Feb. 28.

$51,102,423 $107,806,647 $649,599, ,630
2.140.135|
14.123 944
861,507

Foreign

$51,963.93.1 $109.946,7>2,$«63.7li3,

574

56,682,650 104.091.832 607,711, ,701
$5,851,960; $j6,01 1,873
Excess of exports over imports
4,718,720
Excess of imports over exports
$52,785,723 $131,800,523 $732,971 763
1885.—Exports— Domestic
2,ij72,483j
15,631, 438
1,154,69.)
Foreign
Total
$53,940,4.2 $134,473,006 $748,603 ,201
81,248,304 604.489, 440
4'2.027,633
Imports
Excess of exports over imports $11,912,789 $50,224, 'ZOa, $141,1 13,761
Excess of imports over exports
GOI.O AND SILVER— COIN AND Bni.LION.
$3,098,053 $11,883,,446
•S4,;i56.236
1886. -Exports- Gola— uoin
4,68' ,590
2,137,930
Foreign
1.298,073
$5,ti54,ii09
Total
$8,235,983 $16,571 036
Silver— Dotu...
$3,625,616 $18,445 ,203
$1,420,629
1,273,797
14,998 643
Foreign
571,867
Total
$4,899,413 $33,443 846
$1,992,496
Total exports
$7,616,805 $13,135,396 $50,014 .882
$986,384
$2,692,225 $22,374 648
Imports— Gold
17,S43 740
2,1(9,648
1,146,907
Silver
$4,861,873 $40,218 388
Total
$i, 133,291
$8,273,523
$9,796, 494
Excess of exports over imports $5,513,514
Excess of imports over exports
,088
$261,737
$33,084
$92,.533
1885.— Exports— Gold— Dom.
7,381 ,389
2,820,417
1,553,295
Foreign
$3,082,151 $40,465,'47?
Total....
$1,635,8 J8
$3,551,481 $18,429, 270
$1,027,712
Silver— Dom.
11,'207 175
1,181,628
579,770
Foreign
$4,73 J, 109 $29,636, 445
Total
$^,507,482
$7,818,263 $70,101, 922
84,113,310
Total exports
$3,962,888 $30,972,,828
$1,887,965
Imports— Gold
15,5(52, 636
2,097,149
1,004.079
Silver
$6,060,037 $16,535 ,464
$2,B9.i,044
Total
$1,758,226 $23,566,,458
1,251,268
Excess of exjwrts over imports
Excess of import.s over exports
TOTAI, MERCUANUISB AND COIN AND BULLION.
1886.- Exports— Domeslio
$56,879,288 $117,530,316 $679,928, 279
33,810, 177
5,551,862
Foreign
2,731,447
Total
$59,610,735 $123,082,178 $713,738, 456
$.58,815,941 $I03,9.'>3,705 $647,930, 089
Imports
794,794 $14,l'.iS,473,$ 65,808 367
Excess of exports over imports
Excess of imports over exports
1885.-:Exports— Domestic
$54,795,968 $135,613,741 $784,485, 121
34.2'JO, 002
6.677.528
Foreign
3,287,764
42,291,269 $818,705, 123
Total
$58,003,732
$14,919,677 $90,308,841 $r,51,034.90A
Imports
Excess of exports over import8'$i3, 164,055 $51,982, i28,$ 167,680,219
Excess of imports over exports^
.

INTERB3T-BBABING DEBT.

8s,

1,417.«92,235

,

The following is the official statement of the public debt aa
it appears from the books and Treasurer's returns
at the close

4s
1907. Q.-J.
4s refdg.oertfs. Q.-J.

1,494,873,335.

76,381.009

Total

88,280

Total
{Uahnity)
Int.on D.Col.b'ds pd {Asset)

1891.

Total debt, less available cash Items.

153,900,148

495,136

3,568,051

8«

.

Imports

Treasurer's transfer ch'ks
and drafts outstanding.
Treasurer U. ri., agent for
paying Int. on D.Col.bds

4}i5

546,517,71'J

Net cash In the Treasury

1886,—Exports— Domest io

10,558

Inter't

6,056,012— 646,617,717

1,792,587,044 rj,036,4l9 1,804,603,46*
Total debt
.$810,230,128
Less cash items available for reduction of the debt.
100,000,000 $310,230,128;
Less reserve held lor redemption of U. S. notes

For the
month of
February.

160,18?,157

demption account
Redemption & exchange
account

P'V'ble

...

11,985,000

MERCHANDISE.

3,778,618
20,822,157

redemptionaccount

Issue.

90,776,643
90,188,421

as follows

Fractional silver coin re-

Character of

...

10,958,328

8,323,972

new form adopted

Gold certificates

...

109,924

160,224,118

Net balance

...

49,:5S.868

cess of redemp. .{Asset)
Net Te9'rvQs.{LiabUity)
Post OfHce dep't account.

Net

346,738,641

Legal tender notes. &e.
Certificates of deposit...

of the foreign

100,000,000

.

*

61,623,518-1,840,681,462 11,832.383 1,852,513,785
5,367,865
204,095
5,571,060

IMPORTS AND EXPORTS FOR FEBR UARY AND
SOR THE TWO AND TWELVE MONTHS ENDING WITH FEBRUARY IN urn AND 1885.

17,842.032

Redemp. res'r.(Lirt6tii(i/)
Nat. Bank notes in pro-

Disburs'g OflBcers' bai'ces.
Undistrib'd assets of fail'd
National bunks
Currency and minor coin

.

De«rease of debt during the month

p'd.

& coupons p'd

.

Debt, less cash in the Treasury, April 1, 1886.
Debt, less cash in the Treasury, Mar. 1, 18S6.

1.662,507

Res've for red. U.S. notes.
Fund iield for redemp. of
notes of Nat. Banks
Fund^lield for redemp. of
Nat. gold blink notes
Five p. c. f nd for redemp.
of Nat. Banknotes

p. ct.

.

14,920,000

1,545,692
9,292,619
5,367,8«5
204,096
2,7o0

Matured debt
Inter't on matured debt
Debt bearing no interest
Int. on Pac. RR. bonds

BR. bonds, 6

...

30,289,486
216,409
13,834,138

.

—

Pacific

86,028,058

86,849,668

cr.s.notes in treas.

Balauces
(Asset)
PcTBLic Debt and Int.—

Debt

...

.

88,390,818

{UabUity) "g0,122,481
Net silver in treas y
[Asset) 42,214,485
D. States notes

Net

Total.

....

Debt on which int. has ceased
Debt bearing no interest-

174,418.874
123,288,476
34,837,660

(Aiitt) 176,972,089

National Bank notes
Deposits in Nat. Banks.

,

i

$

1

2,271,101

Certificates issued
Certificates on liand

$

250.000.000
737.760,800
... 174,092,100
315,050
Refunding certificates, 4s..
Navy Pension fund, 3s. ...1 14,000,000
144,164,038

Certiflc's, net.

,

t

4s
Ss

105,637,060

stand'rd 174,7110,985

Certificates issued
Certificates on hand

debt—

*Hs

151,379,524

BuUion
Total silver

Interest-bearing

249.801,088
139,308,060
38,671,010

Net golH in treasury.

SixVER— Dollars,

6,956.01Z

$546,517,717

Principal.

Bullion

90,182,421

15.331,916

1

Gold— Coin.

11,925,000'

137,573,570

Less amount held in Treasurer's cash
Silver certificates

comparison:

28, for

.

.

1899.

DBBT ON WHICH INTBBB8T HAS CBA8BD SINCE MATOBITY.
Aggregateof debt on which Interest hasteased since
maturity

merest due and unpaid thereon,

$204,095.

ia

$5,367 865

|

'

1

'

The following statement has

also been issued, showing,

by

the values of merchandise imported into, and exported from, the United States during the
principal customs districts,

...

April

1

THE CHRONICLE.

1886.]

3,

Tuonth of February, 1H36, and during the eight months eniled
with February in both 1880 and 1H85; also the total stock of
goods roiuaiuing in tlie (Jutted StiCea warehouses at the end
of the period.
1886.

mdlna

8 tnonthM

Imporli.

Balttmoro.Md.j
BanKiir, Me...
Bonufort, S. C.
BoHtiin..Vtiui8..

I

977.H;»
7.h;»

Export!,

92,810
8,640,264

45,(102

79,924

20.52,-1,8,12

84,(MI,85S

145,913

133,7)1(1

S 72,80
32.612

SU.nim'

34.04(},423j 33,108,207

625,1811
490,908
84,187,83.) 43,601.172

Brail's do San-

Brunswiek.Utt.

BumiloCk.N.V;

449.H03

Cbuiiipln. N.Y'

itA.oa-i
«fl.54H

Charlosln.S.Ci

.S.242

785

2.^350
34,140
1,151,138

4,217,360

3,861.993
1.081,118
858.018
6,910,7^3
1,296.731

l,««I,22i

870.057
l.S5i,80B
118.888

209,394

Duluih, Minn.

1,403

Galvi'!<t'n,Tex!

Iliinm, Mich..

Key West.

215,008

308.205

9S354

7,o;l3,r>8t

Chlci«...lll....
Betrcili, Mioh.

Flii.

32.10.1
li)8.317

92S,801
401,881

8a,133
50.0AS

«u,r)»2
3(1.078

10,07 i

1,7S»,.S.'52

710.559
1,644,239

418,770

404.727

55»,733

5«;),459
114,0871
5.277,5116

513.814
911.969
293,877
915,n33

672,520
818.099
231,841
1,018.981
13,479, 139

17,; 10.001
1 .783,3:)0
4,0:18,913

1,.871(.(110

2,881,5;?
1

1,0(2,51)
11,728,898

,578,7116

15,490,413
5,455.33;
192,442
649,6011

6,314,81.3

220.435

1.811,201
1.817.2.38
44.7161
2,339.913
.4(1^1
»,oai
58,152,4:19 0i,91,>),272
Now Oirns.I..a 895.e.o! 8,SH 1.0111 5.17l.,'J72
Yiirk.N.V 'a8.»»t,74l !2,314,»al 274,402.847 2ol,0'.l2,9.*i: 210,898,091 234.487,191
42,U871
58,831
170,0'ia
uo 2,llil,79i 2,719,(138:
Niagara. N.Y..
121,721!
113.7.-.6,
8,172,0891 13,891,235
98fl,34S
NurfcJik. Va...
wfim'
•.12,47i
I, i; 8,001
l,8il3,939
140,0119
21,309
llOSU
OroKon.OreB..!
2.1S5,458
1,3«'1,418]
1,061,202
t,S8'l,0U9
184,223
110,-2tu'
0»woi?a'ie,N^Y
4.6:<a,103i
1,115,599
1,014,618
4,M3,!t83l
7,777
Oawego. N.Y..
42,022'
589,763
231,810
1,112,89)
181.492
8,171
Paso del N.,Tx
269.775!
373,947
325 994
337.267
27,010
15,416
Paasam'dy.Me
I,271,4n8!
19.4ii:i
41,993
1.107,2.'i0
1
281.3 i")
Kl.Tai
Penaacola.Kla.
Philadel'a, Pa. 3 095,819 2,0J7,B89' a3,45J,869 17,82!i,I!14 22.1157,0821 21,631,951
603,408
2,296.3281
2,721,913
8l».4r>8
608.410
33,958
Portland, Me..
168,1188
1.500,610!
1,980.415
515, ^OSi
142,01131
PugetS'd.W'n
9,27.}
2,32(1,2118'
Z,40:i.i79
in,ioo
IB, -.98
244,128
1,537
Rlchmund, Va
24o,«70!
90,038
90,0«
327,418
2B.479
6,881
Salurla. Tei..
8ftn FraiL.t'al. 3,(I9S.306 3,284,490 23,290.70) 22,274,078 19,<' 83,508 27,718.191
503.085 17,4s7,338 19.8)6.786
S49.8BS
73,4731 1.191,5441
fiavannah, Oa.
1'21,157
3,667,800
922.012
3,9J4.880
312,697
VerraOQt, V't.
114,a89i
554.0.'5i
221. ,333
3,935,3 '3
8,212.836
2«7,J9S
WUIaiuette.Or
54,065
100.081
3.591.S20
3,892.124
878,l87|
181.248
Wllml'g'n, N.C
33,010,
74,656
1.609.083
2.859,235
D8,143
388,368
Yorktown, Va.
14,498

Mlnn's'u.MInn;
Mobile. AU...

SM

747..'«7,

(

Now

i

I

!

AU

other CUHtoiua dlstricta

and ports

952.034

277.5.SS

which has the

7,448.342'

7,891,809

3.187.860

4,540,308

for the trade proopect.

community, if carried out in a proper spirit. The
high railway charges have always been serious ofasiaolea to
cantile

The rates flxed for the conreyanoe
of goods have been (K>nBiderably in advance of those on Continental and American lines, with the result that the indtuh
tries of some districts have been very injurioiuly affected. Bat
then the cost of construction here is so very much heavier thaa
abroad that high tariffs are necessary to insure a fair return

At the same time it may be reasonwould not be a wiser policy, even
for the railroads themselves, to be content with a smaller
return in the immediate future and trust to the development
of trade to bring about a gradual and permanent improveon the capital expended.
ably questioned whether

Bemainiua
KemainliiK

$26,739,236

in warehouse Fobruivr.y 2^. 1886
In wii»oliousc February 28. 188.5

.$38,058.4,49

BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
MXOHAneB AT LONDON-Mar.
Orv-

BaH.

Time.

Amsterdam. 3moa. 12-2»4 «12-2%
Amsterdam. Sight. 120(1) Wl2-lifl
HamborK.. 3 m08. 20-54 »20-.'>7
..
20.>4 »20-57
BerUn
Frankfort...

**

Vluima

.(

Trieste

*'

Antwerp

..

,.

.

St. Pet«r8b'g

Paris
Paris

Genoa

..

20-54
12-70
12-70
25-35

24

Short. 25-15

Time.

Sou.

Mar. 18 Short.

1205

Mar.

20-42
20-42
2»-42
12-57

Short.

iMar.

Mar,
'(*12-72i9 Mar.
•»12-72i« Mar.
»25-10
Mar.
823''3

Hbort.

25-20
24I32
25-16

Mar. IS 3moa.

46-50

Mar,

3 mo8.

111-00

Mar,

Fel. t'rs

Mar.
Mar.
Mar.
Mar.

80 days
4 mos.

4mo8.

Mar

a25-22is Mar.

3mo8. 25-32 ij1825-37 Ij
«.

25-4719 925-5214

Madrid

•'

It

45^ 945°g
45^ 34558

.(

521

,«52

Constant'ple

Calcutta
New York...

Latest
Date.

®20-o7

Cadiz
Ltebon
Alexandria

Bombay

JSXOHANeK ON LOlfDOH.

19

Dem'd
"

Is. 61i«d.
Is. eiiftd.

Is. 529.i2d.
Is. .".iSiad.

it

ment, rather than by imposing high charges to stifle or conany given centre, and possibly compel
its ultimate migration to the sea-coast in order to escape so
When the question comes to be
severe a handicapping.
thoroughly examined, it is to be hoped that it will be left in
the hands of practical men, and that the legal element will not
be too thoroughly represented.
The financial influences now bearing upon trade are of a
somewhat uncertain character. There is no scarcity of money^
nor is the commercial demand at all brisk; but the bullion
movements have of late been of sufficient importance to
tract the industry of

attract attention,

the
|58,682,650l61.983.930l4l0.9)-,35e 380.753,9!;4l461 ,860.738 540,328,919

Totals

under the guidance of a Oovernment
the nation, the (wttor will it b«

real support of

the development of trade.

496,2'in

S'i.33l,

28,

1886.

7,H48,S7i

6,(03,230

5,28(1,074

nb.

1886.

1886.

3.«o;

8 months ftuH»g

2«

Jfrll.

POUTS.

political affaln are

Mr. Mundella'H bill for the better regulation of railways and
canals should not be unprolitlc of good results to the mer-

BXPOBTS,

Customs Dis- Fkbkuabv.

417

Bank

and bring the

an advance in
more prominent notice.

possibility of

rate at an early date into

Omitting altogether what would be the effect of carrying oat
Mr. Gladstone's policy of settling the Irish land question b^
the creation of soma £200,000,000 of consols, as not having yet
entered the domain of practical politics, we have to consider
what will be the influence of the introduction of the new
French loan. Although a large portion of the £60,000,000
will be absorbed in consolidating existing liabilities, an important sum will remain to be raised which may lead to some
Liberal remittances have
rather free bullion movements.
of late been coming to hand from Nev*- York, but they will
not be of much use in satisfying a French demand, should it
The Bank of England has already been denuded of its
arise.
supply of French coin, and a fall of 2 or 8 centimes in the
exchange might lead to the withdrawal of bars for Paris.
We could not contemplate such an efflux with indifference.
Our stock of gold is rather under £22,500,000, and it would be
wiser to retain it at about its present level than permit anydecided reduction and afterwards be compelled to adopt
extraordinary measures to re-attract the metal. The initiag
tion, therefore, of a strong inquirj for gold on Continental
account should be quickly followed by a rise in the Bank
rate.

The Bank of England weekly return shows some important
The liabilities are distinctly heavier than those
shown in the return published a week ago. Public deposits
[From oar own oorresuondent.]
have been augmented to the extent of £1,031,031 by the
London, Saturday, March 20, 1886,
revenue collections, which are invariably depressed during
nothing
The week has not been an uneventful one, and yet
Bpecial has occurred to vary the aspect of trade. We must the closing days of March, and there is at the same time an

HouK Kong.
BhanKhal....

acknowledge, however, that there
prevailing.

The volume

is

a

less

4-87'4

3s. 37ail.
48. 7^d.

confident feeling

of business remains contracted

;

but

it is thought that the prolonged severity of the season will
account for the check to operations, besides bringing the distress in certain branches of industry more prominently before
public notice. When spring is fairly upon us and atmospheric
obstructions have been removed, we shall at least be better
able to estimate what our real situation is, and what has been
the loss from this exceptional winter.
But, unfortunately, while that hindrance is passing away
we are threatened with other troubles, and these of a political
character. The difference of opinion amongst the Cabinet
respecting Mr. Gladstone's Irish p ilicy may bring about a
serious disruption, which cannot fail to have an unsettling

It is by no means a sound argument to advance
that such an unsettlement will be merely transient. Until
confidence is thoroughly restored a really brisk trade cannot

influence.

be established, and the longer this is delayed the greater will
be the inclination of commprce to run in proper channels and
proportionately greater will be the difficulty of recovering
any portion of business thus temporarily lost, owing to the rapid
growth of foreign competition.
The sooner, therefore, home

changes.

increase of £2,924,196 in private deposits.
the account " other securities" have been

On

the other side ot

augmented

£4,000,-

Floating balances have apparently been increased from
The decrease in bullion was only
precautionary motives.
£116,005, and the loss in reserve only £50,455; but owing to
the marked increase in liabilities the proportion of reserve to
120.

has been materially reduced, namely, from 46-48 to
The present ameunt of the reserve is £14,585,000, or about £3,685,000 less than at this time last year; the
year ago
stock of bullion is £22,455,000, or £3,400,000 less.
at this time the Bank rate was reduced from 4 to 3>^ per cent.
The rates for money have been as follows :
liabilities

41-17 per cent.

A

Jnttrett

Open marlut rata.

ttUomd

for depoiit* kt

BankBUlM.

Tradt

Bttlt.

London

JMnt

Dfe-tWt

moek At TtaU
Stz
Thru F»yr
four
atx
OfM. Oast.
Itonttu Mone»u Months Montha Mont A > ItonOu Banlu.

Thru

F«b. 13 8
" 19 2
" 26 8
Mar. B 2
• 12 2
"
19 2

imni i}<»l« m-i - 2 <aaH 2^*3
1M91M t«»2« 2M»SM
1M«- m» - 1 «1M
!«• - IM«2 2 «2M 2Ma>N
1«« 1M«S a «SM a)«(»3
1M«- 1H9 1»»!«(»- 1«* - 15«» - 1M<2 2 «2X aMiaa
2«*2« 9«»8
l'(» — !«•• - 2 la -

IM

IX-IX

1

M

1

-I

1
1

IH-lit

I

IX-IX
IV-lX

1

.

:

THE CHRONICLE.

»418

The following return shows the position of the Bank of
England, the Banlj rate of discount, t'le price of consols, the
price of middling upland cotton and wheat, and the Bankers'
Clearing House return compared with the three previous
years:
1886,

1885.

£

*

Otoonlatlon.exclucllng

1883

1884.

S

£

,.

7-day A other bUls,. 23,619.605 23,342,545 24,023,165 24,774,665
9,738,870 12,351,401 12,945,357 10,156,225
PubUo depoBlta
25,493,828 24,783,.'i74 22,982,337 22.93><,070
OtherdepositB
13,381.623
Govemm't securities. 14,560,349 14,651,^01 12.453.083 24,697,681
24,567.616 22,701,003 21,981,178
Other securities
Kes've of notes & coin 14,585,426 18,270,442 16,979,269 13,596,059

Coin and bullion in
both departmentB.. 22,455.091

25,862,987 25,252,434

Prqport'n of reserve

49p,

41-17p.c.
2 p. c.
100n,(d.

pliabilities
Bank rate

Consols

47

c.

3

y'aP-p-

22,620,724

p. 0,
p. o.

lonsifd.

„?8'4d,

o
3 p. f
102d.

40''8 p,

428. 2(1.
37s. 7d.
3ls. 4rt.
29.'<. 9d.
Eng. wheat, av. price
5d.
538d,
4i«d.
5=8d.
Mid. Upland cotton..
9%fi
flssd.
OMA.
S^d.
No. 40 mule twist....
OleM'K-Houseret'n "134,098,000 123,496,000 123,916,000 147,294,000

Messrs. Pixley
bullion

:

:

& Abell

write as follows on the state of the

market

erioration of prospects, owing to continuous cloudy weather
'" '' in a good deal of rust.
which
""
has resulted
At the end of Jan
uary slight falls of rain occurred in the southern and eastern
districts; but these were not of so much harm as the cloudy

~

'

weather, which preceded and followed them. In no district
from which returns have been received is more than an average outturn anticipated, and the estimates from the southern
districts range between 9 and 13 annas.
The export trade has
declined, and prices

—

show

signs of rising.

" Berars Estimated acreage under wheat quite up to the
average, which is 807,305 acres.
Rain in December gave
promise of an excellent crop, but in January came cloudy
weather, and this, as usual, caused a blight to "attack wheat,
and that, under rrigation, has specially suffered. In seven
taluks a full average crop is expected, and in the remaining
fifteen taluks the estimates are from 12 to 14 annas.
The crop
will soon be ready for reaping."
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the first
twenty-eight weeks of the season, the sales of home-grown
produce, the average prices reached, and other items, compared with last season
:

been a strong demand since our last for gold, for
pain, Franee, Holland and India, and although the arrivals have been
of importance, only the sovereiens to hand, amounting to £6H,000, have
been sent into the Bank; the balance, together with £497,000 -withdrawn from that establishment, has been exported. We have received
«100,0C0 from New York, £50,000 from the Cape. £32,000 from Australia and £^,«00 from India; total, £190,000. The P. & O. steamer
has taken £20,000 to the East, and the Galileo £50,000 to Buenos

fjGold— There

XLH.

[Vol.

IMPORTS.

lias

glider— The price improved to 46%fl. from our last quotation of 46%d.,
owing to a small order on English Mint account coming on an almost
bare market, which price was afterwards maintained by a demanrl on
Spanish account: owing, however, to the small allotment by the India
Council yesteiday, the rate has given way, and we give 40i3i(i<l. as tills
day's quotation. The only arrival during the week has Ixen obuut
$50,000 from New York. The P. & O. steamer baa taken $19,000 to

Mexican dollars have remained steady during the week atl5%d.,at
which rate about £105,000 per Oaxaca and Ville de Brest was sold.
The quotations for bullion are reported as follows:

SILVER.

GOLD.
Ixmdan Standard. Mor
».

18.

Mar.

a.

t.

m

Bar gold, flne.. oz. 77
Bar gold, contain^
SOdwts. Bllver.oi. 77 11

77

11.

London Standard,

a.

Barallver

9

oz.

Jfar. 18.

Mar. 11

a.

a.

1885-6.

1884-5.
1883-4.
1882-3
25,8S3,002 30.512,717 34,930,201
9,715,198 10.345,6Uf> 10,238,150
5,4 18,080
5,722,833
6,791.206
7,836,902
l,0s>i,039
1,075.381
990,171
1,219.690
Beans
1,827,462
1,958,3^0
1,433,(149
1,398.411
Indian com.
14,359,857 12,0 >5,233 11.8«0,442
8,647,917
7,44ii,747
Flour
8,763,877
8,373,631
9.415,800
Supplies available for consumption in twenty-eight weeks

Wheat

....owt. 26,489,496

Barley
Oats
Peas

7,267,321

(exclusive of stocks on September 1)
1

Total....

58,997.886

34,930,201
9,415,800
23,755,472

64,031,950

68,101,473

1882-83.

46 IS-U

IngSgrs. gold..oz. 47 8-1!

Cake silver ...oz. BOH
Mexican dol8...oz. iSH

Bpan,
8,Am.(loubloons.oz.

60,736,335

1883-84.
30,512,717
8,373,691
25,195,512

The following shows the quantities of wheat, barley and
oats disposed of in the leading markets of England and Wales
during the first twenty-eight weeks of the season, together
with the average prices realized, compared with last season

Bar sllrer.contaln77 lOJi

doubloons. oz.

188485.

88.5-86

Imports of wheat, owt.26,189.496 25,863.002
Imports of flour
7,446,747
8,763,877
dales of home-grown. .25,061,643 26,109,456

1885-86.

47«

Sates.

ibH

1883-84.

1884-85.

60 7-16

Av'ge
Price

*»^-

f^&

^^

Sales.

s.
d.
The grain trade has not developed any fresh feature. With Wheat, qrs............ ,747,217 30 4 1.820.267 32 5 1.756.552 39 4
2,6J6,09i
9
32
29
8
2,706.457
31
9
2.816.363
the change in the weather, the hardening tendency has been Oats
289,565 18 9l 321,616 19 8
243.725 19 8
relieved, and wheat at the finish was not eo strong as at the
BnsilHli Piuaacial aameiH— fer Vable.
opening. Notwithstanding the very backward condition of
The daily closing quotations for securities, &c., at London
all agricultural operations, the market has never lost its handare reported by cable as follows for the week ending April 2:

d.

».

».

d.

1

to-mouth character. All attempts to infuse speculative life
into it have signally failed, doubtless in great mea-^ure being
due to a want of confidence in the power of holders to retain
their grain. Deliveries of home-grown produce have of late
been above the average, and have decidedly exceeded those
for the corresponding period of last year. Foreign importations for the past week rather looked up, being 680,895 cwts. of
wheat, against 459,200 cwts. last year. The markets in consequence have been better supplied, and this fact, assisted by
the change in the weather and the fall reported at New York,
have helped to check the improving tendency. It is some satisfaction though only a poor one to know that the imperial
average price of wheat has recovered from its lowest point. A
week ago it was only 39s. per qufirter, but for the week ending
March 13 the returns showed 29. 9d. per quarter. Although
values, judged from a statistical standpoint, ought to improve,
the chances of their doing so in any decided manner in the
early future are very faint.
The Revenue and Agricultural Department of the Indian
Government has issued the following report, dated February
18, on the prospects of the wheat crop in the Bombay Presi-

—

—

dency
"Scind

Jjontion.

67=8
...
9138
stock
2578
142%
minols Central
Pennsylvania...
•^4'e
Philadelphia & Reading
103 'e
Hew YorV Central

Canadian Pacltlo. ...
Ohio. Mil.
iSrle,

Guzerat

— Corrected

area for

Ahmedahad

iio.OUO

which brings up thn whole area of Guzerat to average;
crop generally hejiltlty; no rust in Broach as was feared, but smut
Deccan Revised area 1,100.000
is prevalent in Ahmedahad.
acres, or 300,000 acres above average, but rust is reported from
insufficiency of moi^t
all districts, though nowhere severe
ure in pa-ts of Khandeish. Karnatic Area 47,5,000 acres, as

—
;

—

against 350,000 acres average condition of crop very gooi, in
spite of prevalency of rust. The type of rust this season is
not severe, and present bright, clear weather, will probably
enable the crop to recover."
;

Hon.

Wed.

Tties.

6-i

90%

05 14

55

26^8
14/34
55

12%

12>4
10413

I2ia
1105

lO.'il^

46Uie

x90

142%

FH.

Thurs.

10 3, „ 100»18 I'.OT,,
100 14
1003i„ 1009i,
S0-42>s S0-2j% 80-50
114=9
11458
114%
12:73
128
128%
67'.
68
68 "8
26I4

26 3i

143

I

4R%

46%

91%

92%

ASt. Paul...,

common

4611,8
1005,8
1007,8

80-55
1141a
12838
6758
S938

27 18

26-78

142%

14219

55 14

55

1238
IO5I4

105

1258

GPommcrclal and J^aiscellaweaxts ^cwa

—

Government Revenue. Through the courtesy of the Secretary of the Tr- asury, we are enabled to place before our
readers to-dav the details of Government receipts for the
month of March.
From previous returns we obtain the
figures for previous months, and in that manner complete the
statement since the beginning of the fiscal year for 1885-86
and 1884-85.
OOOs Omitted,

— Area returns incomplete, crop reported heiltbyand

promising.

.

I

:

acres,

Sat.

niver, peroz
<*
46%
46%
Vinsols tor money
100»,e 1005,6
Jonsols for atrount.
1009|a 1(1(15,„
Pr'oh rente»(lu Paris) fr 80-.'=.O
80H5
0. 8. 4i«soriS91
11 58
0.8. 48 of 1907
1277e
127''s

Cua-

Inttr'l

MUc'ls

toms.

Revive

iknttrc's

$
July

i

I6.ai9

8,501

%

Total.

2,047

I
28,767

August

17,-.;

9,071

1,704

28,aM

September.
October

17,52-.J

10,446

S.003

29,971

17,816

11,953

1.5«6

»0,8S4

NoTO'itber

13,057

9,2r,0

8.074

25,381

December

14.486

9,603

1,729

20,75s

January
February

14,409

7,904

2,6:19

24.MS2

16,171
li',17"

8,270
9,595

1,631

Muroh

2.:w5

85

84,093

ll',.',97

Total 9 mtmths..

144,!

89

Cus-

Inter'l

toms.

Refl'iif

i
17,451

t
8,668

Total.

Sources
t
8,165

18,114
17,662

9,506
9,987

1,630

18,759
11,728
11,558

10,167

2,112

8,862
9,455

1,822

14,546
i4,oue

8.668

1.990

26,972

8,1<90

l,9-i7

» 1,0,1

l,5,^9e

8,8110

i37.10U

81,031

;4'

—

3,417

1,646

1,5-^5

t
29,274

31,867
29,229
28,038
22.238
22,8:«
26,108
2S,01S
26,311

10.204 287,408

Bonds Ueld by National Banks, The following interestThe Department haa also issued the following reports, dated ing statement, furnished by the Comptroller of the Currency,
amount of each class of bonds held against national
Februaiy 17 and February 19, respectively, on the prospects of shows the
bank circulation and to secure public moneys in national bank
the wheat crops in the Central Provinces and in the Berars
We gave the statement for March 1
depositories on April 1.
" Central Provinces Returns have been received from only in Chronicle of March 6, page 293, and by referring to that
twelve out of seventeen districts they indicate a decided det- the changes made during the mouth can be seen.
:

—

;

Apbil

1

:

.

U. S. BoiuIm

Dt»eriplion of Boiult.

8«,

4*9 |H-r

BelU April

2,2i7,0ii0

4 per cents
Total.

The followinK 18 a staUtinent of the ezportu (exolualTe o
from the l.'"!l "'Now York to foreign ports
__ for Ui«
week ending March iW, 1886, and from January 1 to date"

dMur»-

Total Held.

$122,691,750
3.565.000
40,243,350

120,000

Otiiits

to

3.II85.000

1883.

1884

I

1H85

1880

5:,4!10.3,10

8.I8S.00O

114.2l6,.5.'iO

12,2,404, 5.%0

$is,-<:)n,ooo

.f!28i<.716,6,\0

«308 516,6.0

in Leoal Tejjdeiis and National Bank Notes to
April 1. Tlie Comi>troUpr of the Currency has furnished uh
the r»Ilo\vinK, slion-in}; the amounts of mUioual bank nuten
March 1, together with the amounts outstanuinff April 1, and
the increase or <lecresi.se during the month; also the change*
in legal tenders held for the redemption of baak notes up to

—

1

•zpuaxn rsoM Haw roan roa thh itkbk

*130,')flil.7.^C'

Ohanoes

April

419

specie)

Cireulatton.

$S:iTr,,ooo

tin

1888,

1,

Bank

Publle DepntiU
in Bunkg.

Aot July 12,1883..

Ckiri'ouuy

:

.

THE CHRONICLE.

1866,]

8,

.

.
.

'

For the week

.

$1,63H,427
61.747,729

$,(,824,232
::,i:oo,i74

$1.21111,444

»84,483.205' »68.380,li\B

$78.030,«0«

$60.489,788

$5.75'h,.;0!)

.

Prev, raportnd

73,724,886

.

Total 19 weeks.

The following

Hhows the oxports and importu of iipeci*
at the port <jf New York for the week ending Mar. 37. and
since Jan, 1, 18fc6, and for the correspondinK *^
periods in
l«8 and 1884:
table

ZPOBTS kSD

IltPOHTS )r sraoiB at

hbw tokk.

:

\atiintttl Itank Snitg—
Aiuoiiiii (,iiiHiiitiilliii: .vfjtri'b 1,
Ainoiiiii isKUi'd iliii'iiiK Mii-cIi
Auioiiiit rvtlit'tl during MnrcU

Auimiut outstanding April

txporlt.

Imports.

aoui.

1886.

$317,748,371

$1,340,990
3,195,883

1,

1886'

1,854,893

Week.
ireat Britain
...........

'''ranoe...

$31,%891.478

...

Wetk.

$.501,990

»6,70.'),098

532.900

6,233, .'.HO

99,305

323'36o

665,589
2,771,838

268,1^49
6,381

27,0"h0

li',676

lenuany

Since Jan.1.
' 98,357
1.127,813

321,316

717.098
349,209
10,553
105,06$
S,2»6

$1,358,190 116,786,317
29,0^2
3,676.169
2,694,787 13,568,790

$386,295 $2,410,885
15.284
4,627.68.5
169,176
325,007

•Vest luilles

Leoal Tentler yolrji—
Anioiini on deposit rr> redeem national bank
uolis Miiti'li 1,183:>
Ani«>iMit drp(i>it('d during March
Amount re-Usued ii b'uk notes retlr'd In Mar.

Since Jan. 1

\Iezloo

$51,698,884

jonth America
UI other oonntrles...

$7,e8<).707

2,893,413

Tatal 1886
Total 1886
Total 1884

1.787,294

Amount on

deposit to redeem national
Imuk notes April 1. 1886

$56,486,178
Silver.

* Circulation of national

sold banks, not included above, $340,049,

According to the above, the amount of legal tenders on
deposit April 1 if ith the Treasurer of the United States to redeem national bank notes was $o(>,48f),178. The portion of this
deposit made (1) by lianks becoming insolvent, (2) by banks
going into voluntary liquidation, and (3) by banks reducing or
retiring their circulation, was as follows on the first of each of
the last five months:
Depotitt by-

Dtc.

Jan.

1.

Feb. 1.

1.

March

Aprd

1.

1.

$
896,836

Insolvent bks
.596.210
850.206
792,066
874,036
Liquid'lV bks 12,77s.O10 11.973.»69 11,586,237 11,148,232 11,453,829
Bedui 'K und'rj
act of 1871*27.951,121 29,73-i,607 34.152,988 39,758..5.S6 44,158,313

Total
•

141,325,341 42,600,412 46,539.431 51.6a8,881 56,486,178

Act of June 20, 1S74, aud July

of March, 1886.

Denomination.
Value.

6

EaglfM
Hart eaeles

jouth America
Ul other countries.

ThreiMlDllars...

SnarttT eagles
oUarH

.

Three MonlTia of 1886.

Total gold
Btaitdard dollars
Hall dollarH
SUBiter dollars

66

47
41
201

40
179

1,690,362

10,111,497

7,800,360

7,800,360

1801

3t^0

90

360

ISO
90

360
360
360

36|

609,060

60,9C6

2,601,440

2,600,686

8,410,140

7,861,536

1,374
1,374
1,374

69

1,374
1,374
1,374

69

14
124i

4.122

124

6.218.O;.0

10.104,624

17,977.157

4,!

41

22

3,226.054

I

41
14

luruKTs AND EXPOHTS FOR TUB WEEK.— The imports of laet
week, (compared with those of the preceding week, show a
de.rpm<e in both dry iroods and general merchandise. The
total imports were ^7.213,189, against $9,196,390 the preoeaing week and )|8.8!)7,357 two weeks previous. The export ~
for the week ended Marc 30 amounted to 4,2(50,411, agai' st
16,115,6.32 last week and 5,419,846 two weeks previous.
Tli.
following are the imports at -New York for the week ending
(for dry goods) Mnr. 25, and for the week ending (for genera
inerclmiulise) Mar. 26; also totals since the beginning of the

ftm

>A

Date.

569,719
291,088

3,9,:6,528

47,000
110.009
8,980

4,074,006

$55,290
34,8S3
05,260

276,911
1,246,479

$349,22S

"

"

29
30

"

31

Payments.

Coin.

jOoin Cert's.

a
854,875 128.141,418
o!

$

9«7,460
1,294,791
1,282,262
1,207,848

April

1

1.134. 248

••

2

4,375.631

..

10,282,240

Ourrenej/:

jtt

1,015,767, 128.10S>,0«3

l,462,n:t4 12-^.038,396
822.790 I28.0o2,789
1,63 1 ,994 128.01^,238
4.654.987|127.974,92l!

49,264,S20
4H,530,600
49,478,630
19,658.930
4y.73.^.0 10

49,840.330

13,190,945
13,23ti.544

13,178,909
13,:!,59.275

J12 S0i,969

10,442,947

12.488.640
.... .........

'

Includes $258,000 gold certlticates taken oit of

t

ash,

called to the card of Mr. J, P. Wintrin^ham
in to-day's Chronicle, in which a revised list of quotations
for insurance, bank and gas stocks is given
be also sends us
a copy of his circular, which he mails to parties wishing a
weekly list of specialties in these lines.
is

—

Anction iSales. The following were sold at auction
week by Messrs Adrian H. MuUer & Son, 13 Pine Street

this

Shares.

SAore*.

150 Merchants' Nat, Bk.,N,Y,133'4
150 Eqnitai.le Gas Light Co.
158i«-'s
ofN. Y. ex. div
19 8tei ling Fire Ins. Co
oSHi
5 N. V Cuncert Co, (Limited)
*10 $ sh.
12 Ri. hniirad Co. Gas Light. 82
60 Kleeeker Streei & Fulton
Ferry KR Co
30
65 Drv Uoik E ihi Broadway
151
& Batteiv KR. Co
20 l>mg iHland 8afe l)c|iOsit 80i«
15 Prov. & Stoii'ton 88. Co 170
10 Bank of the State ot N.Y.128
42 Yonkers GaH-Lliilit Co
46

8 City Fire Ins. Co
'OU. S FireluM. Co

10 Couimercial Fire Ins. Co 30
2H Howanl Ins o.. ol.l stk. 60
50 Cent al frum Co
390>a
10 K E^it. Exch. A. Au. tion
Room (I.imtieil)
102<a
10 Union Ferry C
168
10 R. Est. £AOb. & Anction
100
Room (Llmitid)
60 Bank of Amerl a
...168%
3 N. Y. Conceit Co. (Lim-

,

i

.

ited)
$6 VsK
IcS
lOPaeiUcFire Ins. Co
4 Fourth Nat. Ba. k
130
16 Hamilton Fir lux. Co.. .Ill

.

N. Y. Eqnital>le Ins. Co..l«5'a
10 Eagle hire Ins. Co
251
10 Mercantile Fir.' In". Co.. 63
14S
2 Niagara Fire Ins. Co
lOAmrilcau Fire lus. Co... 156

117

137
273 Farmers' Loan & Trust. lOi-lO
3l S.-eoll.l Av. RR. (N) ...199»8-%

!••

2,500 8t Jo-ieph I>-ad Co. ot
St. Francis Co., Mo
73

ganUiag and

^iuanjciaX.

t^k in January

W^fJc.

l)r> '*<i«Mi8......
G«nM iner'dlse..

Total
Sinrr ./rin,

Total 12

1883,

1884.

lnh5

*2,77,s.2'i5

$2,10,5,084

$2,027.31

6,496,221

•9,271.506

6,606,18

'

$8,711.2 4

5.509816
$7,537,134

1,

Dr)' UiK)dH
Qen'l ui, r'dise.
iVMeli<i.

$37,058,257
73.915.629

$3

I.6<9.=,(Jm

73.46 ;,9«8

m l".97'.88'i|«lo-.l 1^.5fif'

«27,-70.725
60,110.156
«7,S-i0.88

United States Governmeut aud other desirable

SECURITIES

18^6

POB

INTESTORS.

$1,635.-16
5.5 7 373

$7,213

3

Is;*

,010825

b9,36!i,4

1,l

'101.4 ll>,238

report of the dry g.HXls trade Will be found the
of dry goods for one week later.

li, ..UI

pona

$3,508,965

17.5,588

9,792
18,201
12

33,527

Receipts.

Mar. 27

FOBBIOM IMPOSTS *T ItBW TOBK.
/or

$267.3.50

43
29'.2'8,5

;

3.617,260

Total minor

39',iV4

$......

Of the above imports for the week in 1886, fo,048 were
A.merican gold coin and $6,041 American silver coin. Of the
exports during the same time |1,500 were American gold
com and $4,300 American silver coin.
United (ttates Sub-Treasury.—The following table showa
the receipts and payments at the Sub-Treasury in this city, ae
well as the balances in the same, for each day of the past week :

— Attention

2,600,360

One cent

i',700
.

Total 1886
Total 1885
Total 1884

*

2,600,360

Five cents
Three eents

Total coinage

31
332,847
1 357,192

620,492

UueS
Total silver..

1.031,020
2,585,83ft

179

$

11.250
81,103

Pieces.

120

103.102
517,167
22
16

134,,507

Vest Indies
Xezloo

Total

Double eagles..

$3,209,464

6,700
1.350
2,600

Balances.

:

Pieces.

$256,000

ierman

12, 1832.

Coinage by United States Mints.— Tlie following statement, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of March and for the three months of 1886
JfO)i(A

^reaiUritaln
^ranoe. ....... .......

iii.

and luiiids It.sted on the Sew York Stock Etcii m ,'o eiitht
on cniiiniiH.Hiiin foi- ca^h.
Ueiiiwii aeeounis leeeived aud interest allowed on monthly li*Ul)
All ntocks

and

.<old

sobjeol to draft at xlght.

HARVET PISK
88 Nassaot STBEirr,

&
Naw

SONS,
York.

.

ghz

^

The following

Railroads.

Cent.

Payable.

2^

rpg. stock (quar.ii
do
Do
Slnux Citv & Paclflc, pret
United New Jersey (qaar.).

i

jMasa

1\

3 >«
2>a
3

Banks.

Gallatin National

JAprll

Insurance.
North River

!

April

6 Apiil

to Apr.

14

11 to May

2

1

1

to April

5

of the strike on the Southwestern Gould railroads by an agreement to arbitrate. This is good, not only in the particular
case involved, but also as a precedent since each solution of
labor troubles through arbitration is a step in the right direction and leads toward an ultimate principle of arbitration on

—

This will finally commend itself to reasettled basis.
sonable men in this country as the fairest and most practicable
method of adjusting those inevitable disagreements between
employers and employed, which must from time to time come

some

up, as long as the world goes on and the question of work and
•wages continues to be with most people the engrossing subject
of existence.
The stock market is naturally dull, as spring trade is not
particularly active, and the outlook in several of the markets
The grain and
for staple products is just now quite uncertain.
flour trade has been on what seemed to be bottom prices, and
the main question in the immediate future will concern the
next crop in this country and the demands of England and
Europe during the coming year. Cotton will also be much
influenced by the course of afiairs in the next eight weeks,
during which time the extent of last year's surplus will be
more surely determined, and the temper of Liverpool as to
buying may be more clearly developed. The petroleum market
•would also appear to be near bottom prices, as a decline to
TO cents for crude oil seems to be all that is warranted,
even admitting the increased production that is expected in the
fields.

Altogether, our markets throughout are on a basis of low
prices, so that any considerable change ought to be towards a
higher range, and therefore beneficial to present holders;
although this should not be interpreted as indicating the
expectation of a speedy or large rise in any of the speculative

mentioned.
The open market rates for call loans during the week on
stock and bond collaterals have ranged at li@5 per cent, and
to-day at 2i@3 per cent. Prime commercial paper is quoted
ai 3J@5 per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £8.5,536, and the percentage of reserve to
liabilities was 39}, against 41 3-10 last week; the discount
rate remains unchanged at 2 per cent.
The Bank of France
gained 14,410,000 francs in gold and 3,585,000 francs in silver.
The New York Clearing Hotise banks, in their statement of
March 37, showed a decrease in surplus reserve of |4,615,(i50,
the total surplus being $12,797,150, against |17,412,800 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the ^ew York Clearing House banks.
articles

1885.

Uarch

1884.

23.

March 29.

Itoansanddls. $356,058,600 Dec.«3,6'i(),700 $500,981,200 $34«,293,7no
------- 66,990,900
Bpeole
79,084,BOu Dec. 5,084, 01 ^04.7,^2,800
7,989,t'0n Inc.
Circulation...
173,500
10,899.700
14,3d3.8no
Net deposits.
380,-264.0
l)eo.ll,17'2,600 3,'i:<,443.9u0 346,709,800
Legal lieuders.
28,778,70U Deo. -J, 324,300
32,029. 9J0
27,405,000
Lefial reserve $95,066,150 Dec $2,793,150 $d8. 360.975 $86,677,450
Beserve held
107,863,300 Doc. 7,4U8,800 136,782,700
91,401,900

Borplna

$12,797.150 Dec.$4,61.5,650

$48,421,725)

$7,724,450

Exchange.— Sterling exchange has been uniformly dull all
the week, with no feature except a temporary hardening of
rates on Tuesday, when posted rates were advanced \ cent,
•which was lost again on Wednesday. The continued low
rates preclude the probability of further gold shipments for the
present.

To-day the rates on actual business were as follows, •viz
Bankers'60 days' sterling, 4 86i@4
86i; demand, 4 88i®4 88^.
Cables, 4 88J@4 88}. Commercial bills were 4
84i@4 85. Continental biUs were:
Francs, 5 16j@5 17i and 5 14|@5 15
•

reichmarks,

95^@95i and 95J@9e;

guilders,

40}@40}

and

40i@40|.

The following were the
xortat

tlie

rates of domestic

uader-menttoned

cities

in gold for various coins:
—The following are quotations
"'
—

Sovereigns

April 10 April 3 to April 9

IHffer'ncesfr'm
Previous Week.

Demand,

Sixty Days.

2.

1

STREET, FRIDAY, April a-5 P. Itt.
The Money Market and Financial Situation.— The
most encouraging event of the week has been the termination

1886.

:

Primebankers'sterllng billson London..
4 87
4 89
Prime corameroial
4 85ia»4 85%
Daonmentaryoommeroial
4 8.5 34 85»4
PartB(francB)
5 171935 16''gl5 15 ®5 14SS
Amsterdam (guilders)
4038*40718
409,8® 40e8
Frankfort or Bremen (relchmarks)
953e>»95'«
95%a95'^e

Coins.

WALL

March 27.

discount.

rates of leading I)anker8 are as follows

{Day inclutive.)

April 15
April It April
1 April
May
April
1
1
April
C
April
5
April
April 10
April
7

!

The

Bookt Cloud,

When

,

25@40

Chicago,

Per

$2 50
G«or>ria (ciuar.l
1
Long Island (qaar.)
I'a
New Lnndim So. (quar.)
1%
Pitts. Ft.W.& Chic, speoial (quar.):

Vermont*

;

IVIDBNDS.

European & North Auietlean

XLit

premium selling J premium; Charleston, buying par, selling
1-1C@J premium Boston, 17@20 premium; New Orleans,
commercial, 25 discount, bank, $1 50 premium; St. Louis, par;

dlrldead'* have reoently been announced:

Ifame of Company.

[Vol.

J

ilpaukcrs^J^aiettc.

,„,.„„,.

new

:

THE CHRONICLR

420
_

2

.

.

exchange on

to-day: Savannah,

New

®$4 89

$4
Napoleons
3
X X Belcbmarks. 4
XOuilders
3
Hpan'hDoabloon8.15
Met. Doubloons.. 15

86
86
74
96
55
55

Fina gold bars
Fin» silver bars ..
Dimes* i« dimes.

99i«<»

1

—

«
«
®

4 00

Oi^e D.

I

par.

- 99%®

par.

— 95
— 80%
—
— '7314a — 74
Peruvian sols
English sliver .... 4 80 ® 1 86
U. 8. trade doUar; — 82 a — 85
—
—
Do uucommerc'l. —

Mexican

®15 65
®15 65
parS^prem

Ol''i<t

99 \9
93 ®
80 a
79>«a

silver Hs and 'as.
Five francs

3 90
4 80

8.

dollars..

siiverdnllarh

par.

—

United States Bond<;. Government bonds have been modand generally strong in tone, the 4s being espec-

erately active
ially so.

The

closing prices at the N. Y. Board have been as follows

1S91

...reg.Q.-Mar.

4138,1891
4s, 1907

...res. Q.-Jan.

4»«8,

3s,
68.
6s,
68,
6s,
68.
•

29.
27.
30.
31
1.
11214*11214 "1121,1 11219I 1121a 11214
11238' 11238 11238 1121s *ll2'2*112ia
*125i4*l25>4 12.1 1«! 12.5 'fli 12638 126ie
:26i4*126i4 126 •a 12b''8*xl26 1261s
MOO'a '100% lOlls'101'4 •xuos^ •101
•126%i'127 127 i*127 •127 14 •I2714
*129 •129 •1291s *129 •129
•1291a
|

Q -Mar.

.coup.

48,1907

:

March\Mareh March Varch April April

Interest
Periods.

1

1

.coup. Q. -Jan.
option D. 8. ..reg g.-Feb.
our'cy, '95. ..res. J. & J.
our'cy, '96. ..reg.'J. & J.
our'cy, '97 ..reg.l.(. & J 'ISm '1311s *131!i8 *131l4 •13119 •13158
•134 19 •13413
cur'oy, '98. ..reg.'J. & J. n34i9n31is »134%/1S4
cur'cy, '99. ..re?.'J. & J.i>136is|*136isn36'>8i'136
•IStjifl •1361s

This

1

Is

the price bid at the morning board: no sale

was made.

and Railroad Bonds. — State bonds have been com-

State

paratively dull during the past week, and transactions have
been restricted to the following |46,000 Louisiana consol. 43
at 72}-74; $60,000 Arkansas 7s, various issues, at 20-25;
$5,000 Virginia 6s deferred at 9J; $40,000 do. trust receipts
:

at 9i-}; $1,000 South Carolina 6s, non-fundable, at 6}; $1,000
Missouri 6s, 1887, at 103i; $4,000 North Carolina Os, 1919,
at 118-i; $5,000 do., special tax, at 10.
Railroad bonds have been only moderately active, on some days
the dealings being quite dull.
Prices have ruled strong, however, and while there have been no conspicuous advances, a
generally higher range than last week is noticeable.
The closing prices and range of a few leading bonds are annexed
Closing.

Name

Jf«r.26 Apr.

N. Y. L. E.& West.—

87%

2d consol. 6s,ex. Jane,'96,cp
f nnd. cp. 5s
Do
do
West Shore, guar. 4s

Canada Southern,

Ist guar. Ss

91
10213

"105

86%

do
2d 58
Do
Mo Kaus. & Texas, gen. 5s

77-'8
90''8

gen. 69
do
Do
consol. 78.. •II313
do
Do
lO.j
Gulf Vol. & Santa Fe, gold 68
97
Northern Paeiflc. 2d, coup.. 6s
.

R me Waterfn & Of,'d.,con.
Texas & Paeitlc, Rios, Cs, cp.
Do
*

do

Bid price

inc.
;

Range

since Jan.

1, '86,

of Bond.

no

A land

gr.

88I3
90I3
1021-2

106
87
79
93 13
115
104
95

.is.

92''8

93I3

oflF.

5'-'

53
39

7s

37%

Lowest.

76'8
7714
10114
IO314

Jan.
Jan.
Jan.
Jan.
84 Jan.
75 Jan.
88 Jan.
113
Mar.
86% Jan.
9112 Jan.
871s Jan.
45ifl Jau.
361s Jan.

Highest
92 Mar.
96i4Mar.
104 Jan.
108 Feb.
93 13 Feb.
83 Feb.
96 Feb.
118 Jan.
106 Mar.
9Si4Mar.
97 .Mar.
un's Feb.

42

Feb.

sale.

—

Railroad and Miscellaneous Stocks. The past week has
been a very dull and uneventful one in the stock market,
business being very restricted in volume, and fluctuations
The course of prices has again been
slight and unimportant.
largely influenced by the changing aspect as to the railroad
strikes, the tone of the market being irregular as a rule, though
tending upward. The market has been halting, on account of
the uncertainty in regard to the outcome of the strike and the
general dulness now prevailing, and transactions have been left
mostly to room traders. A generally better feeling than last
week has prevailed, however, and most stocks record an improvement, on account of the practical termination of the Southwestern strikes by agreement to arbitrate. A significant fact, too,
is that on some of the lines at least freight is said to be

moving

as usual.

Other features have been

less

important, though they have

The

coal stocks, after ruling strong early in
the week, were depressed at one time by the failure of the presidents to announce the percentages to be allotted the companies
partial recovery has since taken place, in symrespectively.
pathy with the improving tone of the market. Union Pacific
has been a feature, advancing considerably on the favorable
exhibit of the annual reptwt, which shows a handsome surplus
over all fixed charges. Late in the week rumors were revived
of an early settlement of the Trans- Continental differences,
under which Pacific Mail was advanced and the whole market
improved to some extent; and subsequent reports on Friday
said that the officials had ap)iroached near to an adjustment at

had

their effect.

A

their Thursday's meeting, and had assented to have Mr. Fink as
The cutting of freight rates
arbitrator in case of arbitration.
from Chicago by the leading Northwestern lines was a depress-

buymg ing

influence for those stocks.

—

.
.
.
.

Apbil

8,

THE CHRONICLR

1886.J

421

NEW ¥OBK STOCK EXCHAXQE PRICES FOB WEEK ENDING APRIL

'J,

AND SINCE

HIOHI8T AND LOWBVT PBtCES.
Batorday,
Mar. 27.

Monday,
Mar. 2B.

Tuaaday,
Mar. 30.

30% 40^

soag

Active Hit. Stocks.
eUVt 6G38
38(^ 3I)>«
48>4 40>4

rnoltio

ruiiii'ln .Simt lii>rii'.
Jorney
C<Miiiiil cif
Cculnil Piiilllc

Now

AOblo

CbesoiK'uke

Do
Do

Istpref.

..

2apret

60
4014

sole

48

41

41

•0

10»a
16>a

IQij

40% 41
10% 11

Itfia

12

12

41
10
17
17
lOTg 11

16>a
•11

1-12

Alton

133
1331c 134 >a
8718 8814
87 %
ClilcuKO Milwaukee A St. Piuil.
120
prcf. •118
1191a 119%
1)0
ig 107
10658
106
103^
Chloago A Northwestern
ISH^ 139 14
...
prof •13.5
Do
Ohionco Rock Islnnd A Pacltto. Xi2.1>sl24>£ 1261a 1271a
OHl 11
CillcstoSt. Loulg A Pittslmr},'
*27
30
pri'f.
1)0
3«»8 3736
37% 38 14
Clbloaffo St. Paul Minn. A Oiii
90^8 100 14
99 100
prfJ.
Do
47 14 48
47
4G
Clevplnnd CoI.Cln. A Inillauap.
32I4
Sg
3214
33ie
31
Ooluml)iif< lloiUInu Val. ATol.
128% 12978
Delawaii' .ackii wanna A Weal 127»a 129
Clik'iiKo

133

We

86%
•118
105T8
139
•125i«
11
•27
373?

99 13

46%

Lone [aland

Now

A

Cliioago...
Manliattau tllovatodiOOUgol..
MentpliiH A (Tliarleatou
All).

Do

10»a

•22
•139

80

78

10>a

IOI4

IOI4

5H

pref.

ATexas

AOUio

Na'ihr. Chattanooga ASt. Louis

»
5T8

Do

prcf.

. .

A

24 >s

1014
Hi's

8258

10%

89% 90
sg^g
341a

241a

10%
81%

pret

Do

pref

Ohio Central
Ohio A Mississippi
Ohio Sout hern
Oresoii isiiort Line
OreKon A I rau«-( ontlnental.
Peoria neoatnr Evans ville....
Philadelphia A Reading
Richniiind

Roohester A Pittshiirir.
8t. Lonis A San Fraueiaeo

Do
Do

•42 li

43 14

7014
18

43

Do

pref

Paul Mlnneap. A Manitoba
Southern Paclllc Co
8t.

Texas A Paelllo
Onion PaclHc

,

Wabaah St.Louln

A

Paelllo..

OoloradiiCoal

A

Iron

PaelticMail

,

Pullman Palace Car Co
Western Union Telegraph

,

Kxpreas Stock*.
Adams

,

American
United States
Wells. Fartro

Inactive Storks.
^^u><iuehaiina
Atchison T(ip(lia A Santa
Atlantic
Pacilic

A

Do
Qulek.silver

Do

Homeaiake Mining
Maryland Coal Co
Central Coal

Tenneaacc Conl

A

Iron

119% 119% •118%

22
268

6
lOij

21% 22

22

2»8
51s
781s

•5%

lOia
•26

30

141a

39%
35
129

9
28ifi

2818

24%

2438

25

53ifl

55

54%

551a

158

158
23''8

25I4

27

17% 18
241a

253e

's'iia

siia
2313
4514

7

519

9%

43
28I4

lOOg

10% 10%

10

25

241a

7
15

12%
83

8214

90

901a

91

91

39%

4OI4

1758

17',

43

43

7%

758

2638

59

59

60% 80%
33% 34%
18
18%

1858

7
215g

7

•7

21%

21''8

67%
18%
43%
27%
103%
'45%
101%

7%

7%

2636

2568
.39%

15% 15%
26

60% 60%
34% 34%
I8I4

I8I4

7%

7%

34
•1758

7

•21%

21% 22
•9

9%

10

28% 28%

28% 29

28

241a
54'8

2468

2514

2538

25%

53

56 38

55%

I514

•23
1514

•1%

23%

27%

26% 26%

18

20^8

lO^a

2214

241a

25''g

23%

2438

26% 28%
21% 22%
24
24%

76
76%
32 13 32% •31% 32%!

32% 32%

9

32

32

28I4

261a

9^8

7%

22 14
10 14

15
22

•18
•42 14

1238

81%
90%
38%

68% 68=8
18% 18%
44
45%
28% 28%

714

15% 15%

314

24

128% 128% 127

14% 15%

25T8

•1768

23

12% 13%
83%

12

245e
151a

9=8

559

82

231a
151a

21

2%

6

82%

2318

•19

2%

Si's

1014

42 14 43%

•21%

22

28 14 28%
IO6I4 107
107 107
12 15
•45
•4514 48
48
102% 102% 10238 103%

32% 33 14

514

I..

I

1,'jo:

514

21
43

I

314

•18

42%
99% 101
51 ij
51%
109%! 107%
116

!

11%1

37%
11%

4ti'8;

4658

37^
9

•18% 20

9%
•17

2538
3658

.35%

1%

1%
24

2258

13%

22

27%

2858

2238

24

27%
22%

24% 23
77% 77%
30% 3238
•3%
3%

5%

21

•18

42%

•I214

2358

78

30
•19

21

43% 42

101 101
101
101
32 14
32% 33% 3158
109 '4 109%
109
II714 II714 116
38 14
3834 39%
39%
I214

11%

48%
9%

48

10

19

9%

10

49%

11%
48%

10 ij
19

18

1214

9%

14.0001

OMMar.
26% Mar.
35% Mar.

118

138

138
8

14
10

145% 146 !«145
105% 103%! 106

148

63
122

<U
122

63

118

I'llS

9058 90581
•8
8%|

10(i

I

8%

07

16%

'11
16%l 15

•12
17

"15" -II

16%

•16

8%

8%,

14%l -11
•le
19
160
I

154

7

213% 213%' 21314213% 215
18% 18%! ....

213

18

38

38
67% 68

37
67

137% 137% "•4"
•20%

39
67

;

66% 66%] 63
69
138% 138%
6% "•4
6% •4
7
•20% 32
•20
22%

5
•36

39
93

40
16

16% 17
28

16
•23

17
•10
•11

8%

8%

I

I

•20% 22

•23

145

15
13

"10
•11

40

1668

28
17

16% 16%

23

•10

11%
12% •11%
41

41

28
13
13
41

1638

•26

'

*27

39
•4

20%

48 144

147
103%;
64
122

260 101%
Z-^i.

•

8%|

These are the prloeo bid and asked; no ss'e was made at the Board

41% 41%

42
f

Lower prloe

1,100

eb.
'"1
in.

Mar,
leb.

12
;
2
3
l.-i

Mar. 2
Feb. 17
Jan. S

13%
33% .Ian. 5
42% Feb 16

Jan. 18 27% Mar. 12
Fob. 8
Jan. 2 111
Jan. 18 108% Fob. 13
Feb. 23'

31%

Jan. 1411.30 Feb.
Jan. 28 106%JI«r.
Feb.
Jan. 13: 66
Miir. 26 123% Fob.

7%
97

Mar. 29 101

1 1

Feb. 13

20
160

^05

13

,

7
22

16
2S

1

9
9
12
12

26
15

9% Jan. 5

iMur 23

.3

29
60%.

6
5
2

137% Fob. 1 144% Feb. 20
S7%Jan. IM 93% Jan. 14

100

215"

Mar.

Mar. 21 lOSij Jan.
Feb. 23 67 Jan.
Miir. 23 137''s Feb.
Mar. 24 73% Jan.

15

J.in.

29

14% .Mar. 2
Mar. 24 22 % Jan. 5

25 154 .Mar. 29 160 Feb. 17
5
.Mar.
28; 146% Jan. 11 132
310 213% Mar. 31 2J0 Mar. 9
275 17 Fob. 21 21% Mar. 6
400 22 Jan. 2S| 40 .Mar. 16
1,900 .30% Jan. l.S 6il.% Apr. 2
63 132 '4 Jan. 9 139% Mar. 10
6% .Mar. U H Jan. 6
Fob. 9 23% Jan. 13
21
Mar. 30
7% Feb. 17
5
10
200 38% Jan. 4 46 Feb. 3
86 Jan. 5i 93 Feb. 16
Jan. 12
Mur.
100
6.712

100
100
1,771

Is

62%

25 119

'

•10% 12%
•10% 12% •10% 13
•10% 12% 11% 11% •10% 12%
42

.

i

40

•16
16% 16
'23
•24% 28

1638

9

—

16
28

.li.n.

Jan. 6
IVb. 18

0.-,% Fob. 16
97 .Mnr.
2.665 43% Mar. 24; 60 Jan. 2
32
10,351 27 Mar. 24I 38% Fob. 17
126% 308,280 113 Jan. 10jl:!3% Feb. 13
14% Jan. 22 20% Jan. 2
23
700 21% Jan. 18 26 Jan. 7
2% 4,990 238 Mar,
6% Jan. 2
11% Jan. 2
5% 1,100 5 Mar.
84% 5,323 67% Jan.
81% Afr. 2
1938 Jan.
23% Feb. 1
1238 Mar. 16
10% 1,307 8 Jan.
36 .Ian, 6
25 Mar.
143% Feb.
140% 1,080 138 Mar.
28% Jan.
24% 6,670 21% Mar.
18% Jan.
13% 6,623 8% Mar.
8238 199,770 70% Mar.
90% Feb.
91% Mar.
91
1,530 80 Jan.
39% 24,100 36% Jan. 23 45% Jan.
100 32 Mar. 25 41 Feb.
127% 9,054 120 Jan. 2 129% Mar. 31
32
600 30 Jan. 10 3s % Jan. 4
24 7634 Jan. 2
68% 2,330l 645gMar.
24 22% Jan. 4
16% Mar.
18% 1.320 -45
1,830 40% Mar. 24 51% Jan. 4
28% 32.»i02 2338 Mar. 24 32% Jan. 2
105
8,119 100% Mar. 24 114% Jan. 11
17 Jan. 5
14 Feb.
50 Jan. 7
48
200 46 Jan.
107% Feb. 13
102% 47,735 9935 Mar.
10 Jan. 5
7% 3,550 4% Mar.
23 Jan. S
3,025 12% Mar.
28% Feb. 17
26% 83,670 23 Jan.
64 Mar. 3
60% 1,600 50% Jan.
43% Jan. 28
34% 14,063 30% Mar.
411 17% Mar.
21% Jan. 4
8% Jan.
7% 3,358 6 Feb.
24 Feb.
22
G,028 17%.Ian.
8
Mar.
11% Jan.
10
310
30% Jan.
28% 1,400 23 Jan.
29 Jan.
2358
4,356 23% Mar.
61% Jan.
56% 102,353 53% Mar.
2 Feb.
550
1% Jan.
1%
26% Mar.
23
1,825 21 Jan.
19 Jan.
650 13% Mar.
26 Mar.
200 21% Jan.
3434 Jan.
Mnr.
2838 70,212 23
24 Apr.
10
Mar.
44,065
23%
24% 39,781 18% Feb. 5; 31 Mar.
75
1
82% Jan. 14
Mar.
600
78
31% 1,000 30 Mar. 24' 38 Feb. 2
338 Jan. 16
5 Feb. 15
15 Mar. 24; 2334 Jan. 25
21%
4834
Mar.
24i
Jan. 7
100 42
44
245 97% Jan. 271 105 Feb. 9
101
is;
56%
.Mar 16
5238
8,170 37 Jan.
735 99% Jan. 26 1 1 1 % Mar. 16
11'*%
25.
19
Feb.
411 106% Jan.
11
40%| 3,430 30% Mar. 17, 40% Apr. 2
1458
Jan.
2
11%' 10.515 10% Jan. 81
50 161,311 44% Mar. 2l| 36% Jan. 2
Jan.
2
9 Mar.
12%
10
2,109
548 17% Jan. 25 22 5g Jan. 2
18%

100

97

213

39

63

143
106

151

36% 38%
66
66%
•4

I

148
147
103% 103%| 103%
-62% 61% •62
63
64
'118 122
120 1* •119
143
106

1

6, 'o:»|

;

148
106
03
121

1:11

'Jl!
i

24I4 24%
243g 25
24
21% 25% 24
24% 3,234 22
24% 25% 24
1,977 98%
109% 110% 109% 110% 109% 109%
1071a 1071a 108%109i4l
100 13 10238 102% 103%! IOOI4 101% 101 14 1023a 1011.llOl''6 100 10138 29,113 87%
1.200 21%
2414 24I4I
23% 2334 22% 23
9014 98I4
98% 2,330 93%
96% 9314 91)38 9(j%! 97% 97% 9758 9.8%l 96
.^.0% 5158
50 14 50^8
51
5138 .33
32% 5438 285.790 49
50
503s 51
403 .29
132 133
130 130
132 132
133 133
130%130%i 131 131
66
66 '8 66% 6738 63% 6(i%| 66% 6738 6658 67%! 64% 06% 91,132 62%

145
105

Miir,

19

32% 31%
128% 123

80

2578

28I4
2438
54I8

Fnh. 17' 0«i4.rnn. 14

808 14% Mar. 24 21%
13%
BOO 10% Mar. 211 ll-.'i
13%
143
100 130% J""
134 14 133% 133%
0,305 129% Mai
8858
86% 87»8 217,968 85% Mar
119% 119 119
603 118% Mar
106 '4 107
108
60,205 104% Mar.
139
138% 139
700I135 Jan. !- II.
127
127 127
860 124% Mar. 27 131

80

141a
251a

98
100 100% 99%
98
5II3 5238
5158
50
31
IOC la 108
109 109
108
1141a I14I2 11513 11358 116
36 14 36 13 3714 36%
35
III4 1158
11% 12%l 11%
45 le 46
45% 47
43%

18

...

2%

2%

67% 68%

701a

•III3
•45
lOlia 102 14

8
I6I4

2818

2313

2714

66%
11%

•17
•13

391s 40 la
•33
35
I28I4 129 13

24I8

104% 106

103

28

prof.

Virginia .Midland
Cameron Coal
Oonsi'lidatidii Coal

87%

SHls

4214
•11

III4

19

39

43% 40

24

,

prof

18

139% 139% 139% 139-% 140%

34 14

25 Tg 2658
59 '8 601a
3313 3414
1758 17%

154

MlningCo

III4

30 14
48

1

17% 17%

22»8
9

137% 140

Do

1880,

1,

BIglMMl

Loweal.

Bbarea.

106%' 1(16% 1071a 106%
139
139
1381* 139
126is| 126
120 •185
•10% 12% 11% 11%
11
11
11
•27
•27
•27
32
32
32
32
39 'j 39%
38 14 39%
38
3814 39>a
101% 102
101 101%
991a 100 14 101
48 '4 49
47
47»8 48
47% 48

70

223a

151

Rlcb.A Alleg., stock trusi ctfs.
Bt. Louis Alton ATcrre Uautc.

llifl

M7ia

871a
1191s

18

7%

•13

prcf.

A Essex

41

66*4

40 '4

12
13%
112 142 •140
133 la. 1.13% 134 U 133%

7014

7%

14

A West

49%

1138

0658

I39I3
2368 21I4
11
11
8II4 32
91
91

1281a 126

7H 7%
21% 22%

7%

A Minnesota

Lake Shore

*

33I4
171a

Fe

Cenrral Iowa.
Cliiiaiio A Alton, prcf
Cli veland A Plltaburg
H,arlom
Man lun tan Beaob Co

New

60

32I3
I713

N.Y'. .\ir-Line, pref

Cellar Falls

Morris

60

•02

A Co

Albany A

Mil.

25%

19

Consolidated (;aa Co
Delaware A Hudaon Canal...
Oregon Iniprovenicnt (.'o
Oregon Railway A Nav. Co...

,fc

2514

91a

Do
pref
BHnoellancons Stocks.

Bo.sfn

•13% 141a

•19
•42

8t.PaulA Duluth

Ilia
8314

27 '8 2756 27=8 2838
106i« 108
1041a 105
•Ills 15
•46
46ifl
46% 46%

*3

prcf
Ist pref

1^4%

41

nij 17%
13
13%

161a

1.

40%

39%

32
66Sa

Danville..;

.V

RiehniM A West P'ntTerminal

25

90 '4 90 14
3958 40

126% 127

Western

Do

Northern PaciHo

•91a

•25

.

New York Lake Erie A West'ii.
Do
pref.
New York A New Enelaua
New Y'orkOutarioA western.
New Y'ork Suaq. A Western
Do
pref.

258

•5%

27

New York Central A Hudson. lOlM 102 102
7I4
New Yoik Chic. A St. Louis.
6
61s

Norfolk

Bmi|« since Jan.

Week,

Friday,
Apr. i.

66%
40%
48% 50%
41% 42%

66 Ig 67 1«

139% I39I3 139% 1391a

24

34's
I2519

22
3
6
78

S^e

Apr.

32
311a
311s 32%
I2714 128 5g 128 129 (125%

23

I714 17%

Misaoiirl Pacilto

Mobile

*7«ia

66>3

MiolHKan Central
Ulunoapolla A St. Louis
Misaonri Kanaaa

-

5%

39

LonlsvllIcA Naahvillo
Lonla.

*22
3

'i^S^T'

32I4

I

A KioOramle
Do
A ijdiHnu'Ut paid
Eaet Tt'nncsauu Va. A Ua
pref.
Do
EvansvlUe A Torre Haute....
Fort W.irlh A Denver City
Oroen Kay Wluuua ASt. Paul.
Hourtton A Toxas (.'eutral
niinolK Ceutral
Indiana KloonilnKt'n A West'D
Lake lOrlc A We.storu
Lake Hhoro A Mlcb. Southern.
Denver

Tbnnday,

66%
38%
48%

41

-138
HurliimtonAQulnoy 132

A

ClilcnKO

188«.

1,

of tbe

STOCKS.

CiuiiKliikii

flitiM

JAN.

ex-dlvl lend.

17% Mnr. 10

Jan.
Jan.

31%

23
Mar.
Mar.
16%
Mar. 2I| 15%
Mar. 25 50
1

Feb. 16
Jan. 6
Feb. 16
Feb. 15
Mar. 1

...
.
.
.
.

.

THE CHRONICLR

422
RAILROAD EARNINGS.

and the totals from Jan. 1 to
The statement includes the gross
latest date are given below.
earnings of all railroads from*which returns can be obtained.
Jan. 1 to Latest Date.
Latest Eaminge Reported.

The

latest railroad earnings

KOADS.

WeekorMo

1886,

1885.

& 8. F.. January ..
Potomac February..
Best. H. T. * W. 3(1 wk Moll

862,203 1,115,698
93,841
93,806
8.807
12,890
43,300
46,900
Buff.N.Y.it I'liil. 3(1 wk Meli
21,574
2,5,206
Buff. Eocli.A.Pitt 3(1 wk Mcli
59,340
5,5,482
Bur.Ce(l.R..S:No. 3(1 wk Mcli
92,000
Canadian Pacittc 3(1 wk Mch 128,000
31,603
20,299
Central Iowa... 3(1 wk Mch
261,169 292,910
Chesap. & Ohio. January
55,641
59,278
EUz.Lex.&B.S. January
117,266 115,518
Chee. O. & 8. W. January
Chicago & Alton 3(1 wk Mch 144.115 159,504
Chic. Burl, tfe Q, January .. 1,386,721 1,992,484
40,447
37,787
Chlo. <fe Kast. 111. 3(1 wk Mch
468,000 469,595
Chic. Mil. (feSt.P. 3(1 wk Mch
463,300 439,100
Chic. & Nortliw. 3d wk Mch
Ch.8t.P.Miii..tO. 3(1 wk Mob
118,100 106,400
22,713
28,198
Chlo. lit W. Micb. 3d wU Mch
49,240
54,323
Cln.Ind.St.L.&C. 3d wk Mch
47,307
52,337
Cln. N. O. A T.P. 3d wk Mch
21,748
20,980
Ala. Gt. South. 3d wk Mob
10,665
14,364
N. Orl. & N. E 3d wk Mcb
9,424
8,040
Vioksl). cfe Mer. 3d wk Mch
8,635
6,393
yicks. Hh. ii P. 3d wk .M(m
33,674
44,458
Cln.Wasli.& Bait 3 wk Mcli
9,242
9,.W8
Clev.Akron.tCol 3d wk Mch
156,954 138,419
Col. Hock.V.&T. IVbiuary.
13,489
13.393
Danbury vk Nor. F(.l>Miary.
10,778
8,920
Day. & frontou 2 wksFob
DeuT. & Rio Gr 4i h wkMch 172,660 158,540
62,015
Denv. & R. G. W. February..
61,080
7.811
7,904
Des. Mo. & Ft.D. 3d wk .Mch
20,661
Det.Lans'g.<tNo.;3d wk Mch
20,782
E.Tenn. Va.&Ga. February
341,386 311,894
Evansv. k T. H.jSd wk Mch
14,840
17,206
46.261
33,469
Flint & P. Marq. 3d wk Mch
Flor. R'way & N. 3d wk J.in,
24,581
20,0!
24,519
Ft. Worth & Den. February.
25,932
Grand Trunk ... Wk Mcb 20 3 11, ,593 262,889
Gulf Col. &8. Fe. Februarv
141,535
85,708
IU.Cent.(lll.&8o) 3d wk Mch
205,800 236,711
Cedar F.&Min.|3d wk ,Mch
3,200
2,365
Dub.&Sioux C 3d wk Men
21,800
20,774
la. Falls & S.C. l3d wk Mch
14,400
13,820
Tot. Iowa lines 3d wk Mcli
39,400
36,959
Total all lines 3d wk Mch 215,200 273,670
Ind. Bloom. .feW. 3d wk Mch
50,001
60,222
Ind. Dec & .Spr. Fcbruaiy
29,401
31,998
K.C.Ft.S..kGulf. 3d wk Mch
54,545
49,828
Kan. C. Bp. & M. 3d wk Mch
31,037
35,736
Kan. C. CI. & Sp. 3d wk Mch
4,677
I,.Rk.&Ft.Siuith January ..
43,921
52,966
I,.Rk.M.Kiv.,feT. January
30,022
33,642
Long (inland
4tb wkMch
50,469
48,143
La. & Mo. River. January
35,740
45,163
Louis.Ev.&St.L. 3 wkH Mch
61,632
38,993
IX)ulRV.& Nashv. 3d wk Mch
246,485 284,935
Lotiisv.N.O. &T. February
137,820
98,443
Maine Central January .
187,12^ 183,194
Mar.Hougli.ife 0.[3d wk Mch
6,417
4,190
Mem. & diaries. February.
100,231
101,147
•Mexican C'ent'l.]3d wk Mch
81,000
84,798
*Mex.N.,all lines February,
122,777 136,536
Mll.l,.8b.&\Vest 4tli WkMch
55,255
33,410
Milwaukee ii No 3d wk Mch
12,950
12.869
Mlnn'ap. &St.L. January ..
73,695 122,562
Mobile & Ohio.. February.
147,570 164,494
Nash.Ch. &St.L. February.
184,652 174,919
N. Y. City & No. .Mcb 11-20
15,879
10,.595
IN.Y.L.Brie&W. February. 1,247,475 1,139,740
N. Y. Pa. & O Feliruary..
447,075 341,007
N. Y. & New Eng. I'cbruary
270,924 226,097
N. Y. Out. & W. 3d wk M(;h
34,270
t2 1,991
H.Y.8us(i.& West ^Febru.ary.
74,382
0S,.503
Norfolk Si West 3 wks Mcb.
194,542 144,489
Nortbcrn Ccut'l. 'February.
430.961 389.049
Northern PaciUc! February.. 594,240 569,964
Ohio it Miss
iFcliruarV..
274,430 267,879
Ohio 8outlicrn.. February..
43,979
43,541
Oregon Imp. Co. .lanuarr .. 193,022 233,124
Oreg. R. & y. Co. 3d wk Mch
84,769
74,996
Oregon Short h. January
113,2.50
101,418
Pennsylvania.
February. 3,549,475 3,075.700
Peoria Dec.&Ev. 3d wk Mch
12,J3S
13.,501
Phiia. ik Erie
Februiiry
233,026 208,200
Phila. & Reading Febru.iry. 1,949,243 1,794,645
Do C. A Iron February.. 726,776 969,622
Klohm'd &Danv.; February.
350,400 309,8901
Ch. Col. A: .Vug. Feb.uiiry.
86,400
81,093
Coluiiiliia.vGr. Keiiruary..
70,3111
79,300
Georgia Pac. IVbrua- y.
52,69ll
63,864
Va. Midland .. I'cbi nary.
99,588
97,905
West. No. Car
February..
41,922;
33,016
133,746i 114,393
Bonie Wat. it Og. lanuary
Bt. Jo. <fe Gd. Isl. 3d wk Mch
28,0911
33,196
Bt.L.Alton.tT.H.|3d wk .Mch
20,135
26,047
Do Blanches. !3(1 wk Mch
16.2901
15.816
8t.b.<SiSan.Fran. 3d wk Mcli'
87.766'
91,898
St.PauliDuluth 3d wk MchI
16,1971
13,790;
et.P.Min..vMan Feliruary.
423,000 395,217
Bcioto Valley
i'^^bruary,.
31,405
Boutli Carolina.. February.
120,034 121,494

Atch. T.
Bait.

<&

I

I

.

.

. .

i

.

. .

i

.

1886.

Gal.Har.&S.A January
, ..
G.W.Tex APaci January
liOuis'a West.' January
Morgan's I.&T lanuary ..
N. k'. Tex. .t M. January ..
Tex. .v N. (jrl.i lanuary ..
Tot. At. System! January ..
Texas A Paeitlo UthwkFeb
Tex. .t St. Louis 3d wk Mch
_

199,347
6,649
51,321

211,097

383,229!

346,363

39,828!

11,730
82.70.)

'6.V.675

[Vol. XLll.

New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending March

27, 1886:
Average

Bonka.

Loans anA

1885.

>

1,115,698

192(313
82,809

Hanbattan Go

Merchants*
Mechanics* ......

%
11.878
10.208
7.437
9.092

286, 523

226.256
616,230

America
Phenii

11.2(i2
2.6.52 Oi)0

550,690
1,319,358

264,976
261,169
59,278
117,266

1,117,341
269,535

292,910
55.641
115,518

1,557,541
1,386,721

1,692,321
1,992.484

370,57^J

347,744
4,223,315
4,279,683

4,358,000
4,2(!5,907
1,055, 6»;:

263,625
544,996
567,248
255,084
147,3,50

118,723
103.282
421,487
95.507
327,325
28,642
32,030
1,322,305
127,064
75,457

933,.595

215,552
523,708
53i).529

268,517
169,821
103,476
77,763
415,585
92,263
325,257
27,649
29,486
1,292,111

129,656
76,440
217,094!
198,975
663,418;
739,779
150,294
142,845
440,694
380,801
69,499
67,531
50,416
47,237
3,076,073 2,926,772
293,728
178,005
2,238,749 2,489,227
29,478
21,396
178,214
170,559
116,338
121,5.50
324,080
313,505
2,562,829 2,802,732
527,798
507,481
67,997
59,888
487,319
583,191
282,060
409,614
40,145
43,921
52,966
30,022
33.642
484,976
465,201
35,740
45.163
165,847
142.294
2,879.112 3,142,397
297,568
197.740
187,127
183.194
07,665
51.966
221,398
242,513
833,475'
848,406
245,010
263.198
339,588
247,139
120,943
114.632
73,0951
122,562
314,375
366.173
370,171
359.905
102,369
77.588
2,501,587 2,190,214
8.55,131
730,667
539,189
456,517
(225,738
303,868
156,032
139,170
635,238
570,025
831,084
793,265
1,074,570 1,123,546
548,610
568,179
88,769
88,650
193,022
233,124
765,030
631,314
113,250
101.418
6,971,011 6,333.222
137,639
158.719
451,856
430.217
4,004,826 3,641,011
1,611,136!

1,814,411

628,927
149,908

63.5,543

122,259
191,632

161,587
142,654
109,998
203.909

•76.111

()6,s81

123.746
247,086

114,393
255,980
270,748
178,831
871,104
179,558
857,342

133,014i

245,084'
166,728

842,236
188,039
834,176
95,140
214,429
199,347
6,649
51,321
383,229
11,730
82.703

241,106

New York

'6.5,07.5

734,978 662,363
734.97-s
662.363
112,416
99,561
861,773
736,073
34,092
23.221
304.248
218,180
Tol. A. A. cS» N. M,Febru.irv..
21,694
17,129
Dnion PaoitlK... Fcbiuary.. 1,635,140 1,563,949 3.0'G3;169 3,2"38',898
Wab. 8t. h. & P.;3d wk Mch 2 -'0,9 11 224,612 2,600,9291 2,645,.5t4
JWegt Jeisey... February..
64,026
50,914
132,5201
127,065
WiseoiisinCe nt'l 2d wk Mch
24.9.34
28.235
231.«.53i
24S.S24
Mexican (Mirrency
'1
v'"^'°^' ?.' ***' Shore trains south of CornwaU no longer included
J rsoi iiicludlng earnings of New York PenuBylvaula & Ohio road.
% And branohee,

000
000
80O
000
000

Seventh Ward
State of N. Y
Americ'n Exoh'ge.

Commerce
Broadway

19

1,071.600:

2..U4.0O0

260,000

4.20c

493.000

?l)5,5aO

ltf:(.800

12.870,81)0
2. 170. < 00

97.!, 700
100 10,,817,400

90,000

.2-

1.694.700

611, 500
2[ 8.000

23.8ii2.300
3.4-(9,50O

271,000
834.9)0
101.200
101.100

878,100
221.600
184.000
253.100

4.198.200
1,882.800

M4.500

2:)7,400

302.500
277.900

SO.OOO
474.000
1.478(100
1,578,900
583.000
604,100
IHO.OOO
292.200
4S».400
IHH.OOO
302,800
629 000
328.800
278,500
339.400
349,000

.403.900
.160.500
,216.900

Republic

4.27'.t,,Sl)0

7.11,800

Peoples*

l,76i,,100

106,400
42S.800

North America
Irving
Cltlzena' ......

Nassau
Market

.

3.2 Po
.

89.000

;,8J0,900

703.100
624,100
344,800
674,200
240.400

600

1,905 000

Nicholas
shoe & Leather..
St.

62-1.100
.4

.S.841,.100
10.013,,100
2.8:H,,1100
2.737,,500
2,6 >5 ,800

...

Hanover

Com Exchange

5.673 ,1110;

7»7,()00
7!»1.800

Continental
oriental
Iraporters'A Trad.

4.7r8,,300

802,500

;.930 .000

SOti.OOO

3.1S4,,000

20,792 ,0001 4 .0I8.OOO
21.2IW .8001 4 .747.000
170.000
1,1)72, OOOi
214.300
1,221, 1001

Park
North River
East River
Paurth National..

17. SOD, 000:
9,036, 000

First National

.

Third National ...
N. Y. Nat. Exch..

German-.Vraeric'n.
Chase National...

Uermania

...

1

Seaboard

1,407,,300i
2,03H. •00!

Sixth National....

1.62i),,900^

341,000

Total

26>i,000

271,000
488.300
152.900
118.900

974,500
45,000

222,500
180.000
182.000
36,000
45.000
390,000
178,100
221,500
180,000

45.000
4'ii,ti00

45.000
109,600

4,'208,300

2,001,000
1 6.000
11-0,000

356.058,800 79.081.600 28,778.700 380.264,600

7,989,600

totals for several

Specie.

\L. Ten-iera.

$

S
Dec! 2 339,720, 800' 94,019,500
' 19 337.574, 300 92,8 18.100
••
26 336,938, 300 90,938,200
Jan. 2 339,909, 800 ,89,721.11)11
"
9 339,87 3, 700 93,082.100
" 16 338.34 .900 97,072,-JOn
" 23 .138,897, 700 98,284,300
" SO 337.934, 700 1002127011
Feb. 6 339.392, 000 !l9,147,201l
" 13 344.628, 400 98.103,000
" 20, 318.103, 800 9 7.000,7(10

Boston Banks.

weeks

past:

Depoaite.

Oirculation Agg. Ciear'gs

$

$

29, 009, 300 37.8,121, 800 10,082,,500
28, 303, •illll 377,502, 000 10.003, 700
27, .'12, 7oo; 373.953, 000
9,9'24, Kill

200
31, 117, 700
33, 419, 400
31, ,287, 400
33, ,432, 100
33, ,507, 600
33, ,382, 000
33, 407, 700
SI 157, 200
,603, 700
1H4, 700
,103, 000
2,8, ,80,8,

Feb.27! 349,077, (lOOj 92.343.01)0
Mar. 6 354,,33.^, 900 8'i.732,000
" 13 368,888, ,i00 87.203.000
" 20 359,685, ,.<00 81,109.100
" 27 356.058, 80lH 79.08 (,800

,778, too;

378,939 300
383.397, 000
389.90.', 600
3,-9.832, 700
389.951, 700
390.304, 900
390,080, 800
3*5.0;)1, 100

390,232, 100
393,299, 600
3.)5.374, 800

391,137, 200
380,281, 800

751,110,421
811.5113.673

838.731,152
9,979, 800 808.087,197
9.851, 800 716.037.817
9.804, 000 832.5!l7.285
9.890, 4001722. 308,330
9.,399, Olio 018.188.909
8,844, 300 778 938.451

i

8,01», 900l 711,70 1.958
8.185.,700 8"3, 189.847
8.860, 100 570.3.(9,180
7,882,,311(1 874, '207,589
7,090,,500'5S1, 309,879
7,818,,100,032.118,086
7,989, 000,083.711,343

— Following are the totals of the Boston banks:

Loaiu.

Specie.

$

$

Dec.l2 151.450, 100
••
19 151.110, 000
••
26 153.(113 900

10

430,000
28«.30O
98,300
217,000
185,700

133,200

1,830.700

XdOaru.

1886.

212,200
216.100
133,100
458.500

180.000
301.900
264,800

;,926.20f.

The following are
1886.

5-3,200
3'i6,10O

,02('.800

3/1. iOO
3'<7.3O0

West Side

1,040,1100

6,402,3)0
21.001.300
6,382,300
1,10D.900
2.221.800
2,580.900
2.615-800
4.409.000
3,913,900
2,800.600
2,650.000
4,620.100
2.721.900
1,747,400
1,617.400

,027.000

394,800
45,000

2,104,300
4,370,700
11,841,600
3,093,000
3,122.300
3.212,700
3.020,200
1,791 200
3.685.000
4.944.500
5.442.200
2.061.100
23,188,000
26,284,100
1.974.000
1.033.100
18.000,600
9,945.000

238.000

523.400
354.500
319.100
,

3,2^6 ,800

2.7'22,800

6.8H9.100
4.73t<,800

499.1100
l.lJS.OilO

101.6

810,100
46.000
45,000

3.4B9.000
7,350.100

457, (.100

()!I5,300

4.3;<3, 300
•-•,092, s.ool
1.462, i)OC
l,17i:. 30C|

United States
Lincoln
Oarlield
Fifth National....
B*k of the Metrop..

3.600.500
16.167,000
15.3111.400

188.000
128,S0O
1.285.600

955,300
270,000
2.n.l00

2,24 1, 900
2,233, HOO

(German Exoh'nge.

2,600
472,500
13,400

1,I'29.700

•2.143.800

3(56.000

3.541, .00
3.569, 000

Avenue

1.183.400
3.137.600

233.000
2S7.000
555.000
303.000
1,088.000

410.400

67.800
536,100
201,000

1.68'J.OOO

13i.;<l)0

,212,51)0
»12.f.00
807.»i10

6,7()0,,200

1.201 .000
2.354 200;
2.014 400
2.820 0>0

Bowery
N. Y. County
Fifth

3 ,23 i.300

2 .l'2li.000
3, '.07 000; 1 ,091,000
5,726 •J 00 1 ,137.-,i00
030.100
20.141 800

Central National..
Second National..
Ninth National...

9.048,2,)0

152,200

1.878.000

MM

1)83,

8.150,000

(110.500

Chatham

Paciflo

t5,000

s.a'/s.ioo

76!,'.200

8,499,,100
«,7»S,,500
,600
6,776, UOO

Mercantile

10,631,000

2-13,000

3.0U1,,»00
B,54l.,600
1.79,').,800
1,610.,000
l.O.iu,,200
3,33.j.,300
1.125,.200
3.733,.400
:7,^b3,.000

Leather Mannt'ra.

n. 403.000

424,000

317.(100

2.0 2 2.,400
1.120.,20"

Gallatin National..
Butchers'* Drov..
Mechanics' & Tr..
(-Greenwich

t

I

823,000;

S35.O00

e,D42 2)0
33-).

ClrcuUf
Uon,

other
t>i,m u. a.

.2v:;.oou
,4411.400

Tradesmen's
Pulton
Chemical
Merchants* Exch.

17

Xet DepoHtM

S

,218.000
.955,000
,593.000

City

I

I

,718.600
10, 110.4001
lo! ,371.000,

'.",,456,000
; 53.893 ,600
153.703, 200 10, 810,000
,991.100
153.702, 500
163.831, lOOfU 302.900
154.050, 200111. 201,100!
151,494. 8(l0!ll. 284,001)!
151,740, 400 11. 287,100
" 20 155.474, ,300 11 ()t)8,500,
Feh.2; 135,201, 900 11. 015,500;
982,90111
Mar, 6 164 .879, 400
• 13 ;i55.S7l, 500
991.2(111;
•'*
783.600
20 155.551, 9011
"
078.0001
6 151.-,;87, .00

Jan. 2
••
9
" 18
•'
23
" 30
Feb. 6
" 13

L. Tender!.'

$

Deposit).' iCireulation' Agg. Clear'gt

$

I

$

2:10,300 111,257, 900;21, 141.600
181,100 112.832, 300 21, 271.800

000 21, 131.600
113.82S, 900 21, 13'<,200
113,010, 900 21, 203,000
111. '200, 800 21 096,901)
1!4,231, 300 ''20 ;773,1()0
U3.53G, 200 20, 0^9,300
H(ll,.iOll 115.952, 700 20, 231,000
3 -(1.100 1 15.793, 400 19, 013.200
8-7,Ol)0| 115.728, 000,19. 502.200
OtS.'.'OOl l;5.9»7, 900 19, 139,200
352.700! 111,638, 100 19, 152.200
!88.800! 115,271, 300! 19, 220,500
309,7(11); 114,592, 100 19, 170,100
121.^00 111,971, 1 00! ID, 055,800
247,900
781.400
632,900
015,900
715,000
790,700

Philadelphia Banks. -The

II '2.840,

84.19P,954
81 908.842
60.363,360
81,647.295
97,218,116
85,137.869
8-.'.888.606

77,04t.736
8».3I0.18«
77,198,186
78.330.248
07.279.057
83,823,182
76.111.838
76.328.3'2«

73.303.990

totals of the Philadelphia

banks

areas follows:

211,097
39,828
346,363

.

Amount of—

Legal
Tenderi.

8peeU.

DUcowits.

862,203
194,897
114,425

Bc.Pac.Ciuiiir}--

'

.

1888.

Loans

iLiw/ut Money.

jDeposits.'

Oircutafkm. *<». Cltar'gi

$
Deo. 12..
19.
26....

Jan.

2....
9....

16...
23....
»0....

Feb.

6....

13...

•
20...
Feb. 27....

Mar.
••

••

"

6.-..
13....

20....
87....

'luciaULiiif

27.720.300
27. 073.100
28,372,200
27,079.800

84,965,900
86,088,000
81,751,600
83,'272,6O0
85.837.000
82,90-2,20l>
85,620.800
28,007, 00
27,-10.100
85,306.760
82,652,300
84.719,100
27.105.000
82,776,2
81,170.800
27,101,100
83,114,000
27.178.100
84,382,300
83,503.700
84.762,000
27.901,100
81.085,700
83,218,100
27. 6. li^. 1)00
83.3;7.1U0
27.038.100
84,984.700
83.631.600
•.:0.'4 1,800
81,750.500
83,231.300
21.591.500
85.701.300
83.770.H00
85,815,700
2(),388.»«0
84.299.100
81,461.900
84,90 ',1()(! I •23,171.000
tne itvai 'ait« 10 oiixvt oanks."

82.673.700
83,198,100
83,749,500

i

1

I

,

'

I

I

7.421.300
7.113.500
7,39'2,300
7,38^2,500

7,366.100
7,347,000
7,331,500
7,313.600
7.223.500
7.081,300
6.a75.0O0
6.931,500
8.243,6»0
6,'238.500

6.291.500
6.352,00(9

52.875,79»
54.187.428
18,126,089
47.151.313
80.687,028
53,817.65a
63.627.841
48,903,228
60,028,603
48,691.961
57.621.1»9
13.311,393
03,605 959
51,180.246
5 ,138.726
53.707.402

M

APML

8,

1

t

II

THE CHRONICLE.

1886.)

423

GENERAL QUOTATIONS OP STOCKS AND BONDS.
m

otnor qii<it>tll»a9 are rroqunaclr mwls por Ihara.
ky »a
In Nuw York rnpreaoiit tlio par cent raliiA, «rli t'.i)vnr tlis i>itr
'•>!," f.ir in >ft«*<i); "jr.," forgnld; " K'll," (or giuntaCaoil ; ''euJ.."iorieoiurMd
Tlio fiilliwliiualibrevlatloua iininfton iwoil, viz.:
for
Hlnklcnj
fii
"1.
forUurt
Krunt.
"s. f.,"
i.l:
it.,'*
loroonsolliliitwl; "oouv.," for o.mvnrtll)lrt
Quutatious lu Saw York are to TUnrailay from otlier oltlwn, to latn mall dlttM.
Qiincitiliiii'*

:

;

" oom..

;

;

»nb«crlber»

<glll

eonpgr >

Onitkh 9TATKS Bonds.

mvor by gtvlaa

dUcorered In the»g Qnot«Hoii«.

Bid.

CITV 8KCURITIK8.

Ask.

Bid.

notion of any error

Alleglieny, I'li.— 5«.op.. '834>7..V«r. 100
ITNITKD STATES BUNDSc
4'««,cmip.. l885-l6oi
Var. 100
112»s
4»««.1H91
""f--S~5J}ll2Hi
?^
Var.lloo
4a, coup., 1901
0OUP..Q— M
4>S8, 1891
'"O
l-'»}
Alleglieny
Co.,
Sa,
19Xa.J&J§!
cp.,
ren...Q-J
is, 1907
100
48, riot loan, 5-108
coup.. .Q—J 126 X
4s, 1907
100
X01>9
do
looji
48,
10-20a
roK..Q.-F.
88, opili.n U. 8
101
do
10-208
68,
reK....J&J 127>4
68, Currency, 1895
49, refunded, .5-208, 1891-1D06.... 102
reg....J&J 129
6a, Currency, IHlKi
114
Atlanta, Ga.—7s
re)t....J<StJ 131 "a
68, Currency. 1897
113
Do. 8s
l&J 134,^
reg
e», Currency, 1S98
114
Watei"worka
rev' ...J&J ISC'fl
68, Currency. 1899
103
Me.—
nmn..F<kAI
Augusta,
68,
1887,
SKVURiriKS.
srATB
Varlouc 108
A.lal.ania-t!las8 "A," 3 to 5, 1906... 100»« 102>s Augusta, Ga— 7s
115
110
"
Auatiu.
'texas
10.5
lOs
OlHSit
B," 5s, 1906
100
Baltimore —
99
ClHfls-C," 4», 1906
iim
lis. consol., 1890
J & J 105
6s. 10-20, 1900
111
11 's
68, Bait. & O. loan, 1890.
A-rkansas-Gs. funrtcd, 1899 ..J &, J 10
lim:
Park.
Q—
1890
20
68,
78, L. H. &Ft. S.l89ue.l900.A&O
MAP
6s, bounty, 1893
20
78, Meiuplils * U R., 1899.. A &
6s,
do
exempt,
1893...
20
78,1-. R.P.B.AN.O., 1900..A &0
J&J 116
58, water, 1894
78.Miss.O. &R. Riv.,1900..A &0 20
J&J 130
68, 1900
Tt ''^
7s, Ark. Contriil RK.. 1900.A &0
68, West. Md. RR., 1902 .... J&J 129
JiJ 2ht »
78, lycveeof 1871, 1900
132 1«
M&N
'93-95.'
1916
58,
Oalirornia— 6s, civil bonds,
lO.i
J&J 115
48, 1920
Connecticut— .=)», 1897
110
Bangor,
Me.—
RB.,1890-'94.Var.l
6s.
J&J 103
New, reg., 3ia8, 1904
J&JI 123
68, water, 1905
100
New. rex. or coup., 38, 1910
68, E.& N.A. Railroad, 1894. .J&Jt 112
J&J'
Delaware— 68
68, B. & Piacataiiuis RR.,'99.A&OI 118
District of Columbia—
..„,
Varl 103
F&A 119>«|119J« Bath, Me.— 68, railroad aid
Cons. S-O.-is, 1921, ooup
102
Ili'i8;lly's
5a, 1897, municipal
3-65S, 1924, retr
< 104
'98..
Belfast. Me.— 68. railroad aid,
J&JI 11>
FundinK 5s, 1899
Perm. imp. 6s, guar., 1891. ..JiStJt Ill's no's Boetou..Maaa.— 6a,our,long,1905VaH 135
Var. 120%
J&Jt|H8H) 120
68, currency, 1894
Perm. imp. 78, 1891

—

M&N

1

Fund. lo;in(Leg.)68,E.. 1902Varlil29
119
132

Market stock, 7s, 1»92
Water stock, 7s, 1901
do
78,1903
Florida—Oonsol. gold 6s
Steorgla— 6s, 1886
7a, new bonds, 1386

102

78, endorsed, 11^86
78, gold bonds, 1890
8s, '76, '86
Kansas— 78, long

Brooklyn, N.Y. -78, 1890
6s, Water, 1891
6a, Water, 1899
Ga, Park, 1921
7s, Park, 1915

132>s

* Jt 113
F<&A|100i(i
J & J 102

J

Q—J HO

103
103
112

12

Var.

58, gold, loug
4ias, 1908
48, currency, long

7a, Bridge, 1902
7a, Bridge, 1920
78, Kinga Co., 1888
6a, Kings Co., 1886

5

A&O 115
J&J 103
117
114
130
145
152
140
ln2

Bid.

CiTr Sboi'kitim.

LoulaWlle, Ky.-78, long datea. Var.l 123 '•'H4
7b, short dates
Var lO-i>» 114%
V»r.(!l09is lllia
69, long
""
I

101
101
101
101
103

Oh, short

Var.l

58,1890-1900

,

MAN

Lowell, Maaa.—6B,1890,W. L.M.tVl
LyncUbiirg, Va.—68
J & J
8g
J A J

103

Lynn, Mass.—68, 1887
FAAl
Water loan, 6«, 1894
J*.I
Water loan, 6a, 1896
J&J
88,1905
MikNI
Macon, Ga.— 7g
„
Manohe8ter,N.H.-6e, 1894.. ..J&JI 118
6a, 1902
TH
J&J 128.

106
115
120

M
M&S

Wa8ii.-Fund.loan(Coug.)68,g.,'92f|ll5J4 lie's

Aak.

106
105

119
130

104'a 109
Moinphla.Ten.—Tax.Dlat.ShelbyCo .»2.
9»„
Milwaukee, WIb.— 58, 1891... J & Dl
7b, 1896-1901
Var.t
7s, water, 1902
JAJI
Mobile, Ala.— 3-4-59, funded..
Montgomery, Ala.— New 38 . .J & J
4s, 1911

131

135

M&N

5a,

new

Nashville,
6a, long

Tenn.— 68, short

Newark— 58,

II214

long
long
..Var.l
long
Var.l
Var.l
water, long
New Bedford,.Ma9s.— 68, 1909. A&OI
104
A.&O
5s, 1900, Water r>oan
106
N. Brun8Wiok,£!. J.—78, various...!
136
68
121
New Orleans, La.— Premium bonds.
12514
Var.
Consolidated 68, 1892
117
Newport, Ky.— Water bonds 7-308
109
New York City— 5s, 1908
118
6s, 1887

124

6a,
7a,
78,

II2I4
lJ8's
10314

I

1

116

99

HO
115
130
loe
12«
138
119
134
143
136

1896
1901
1890
1896
78,1901

68,
68,
7s.
7s,

131

143
141
155
111

Newton—68, 1905, water loan. .J&J
J&.I
58, 1905, water loan
103 104
Norfolk, Va.—68,reg.stk,'78-85.. J&J 106
128
115
118
Var.
1890-93
Var.t
8s,
coup.,
Butlalo.
N.
Y.—
7s,1895
Louisiana— New con. 7s,
128
.....Var.t 131
88, water, 1901
Stamped 4 percent
78, water, long
119
115
55.
A&OI
M&Sf
Norwich,
Ct.-5s,
1907
bonds,
Park,
1926
Baby
F&A 52
6s,
33, 18S6
J.&J 144
Maine— 48, 1888
F&A 101 lOlij Camliridge, Ma.sa.— 58, 1889. ..A&OI 1031a 1041s 7a, 1905
115
121
t
1191s
no's
long
loan
N.
water
J&J
Orange,
J.—
78,
War debt* assumed, 6s, '89. A& 01 I09>s
6a, 1394.
106
J&J U2is 1231s Oawego, N. Y.— 78, 1837-8-9
Maryland— 6a, exempt, 1887. ..J&J
6a, 1396, water loan
Vai 124 125
J&J 132 134 Paterson, N. J.—78, long
J&J 109
68, Hcspltal, 1837-91
63, 1904, city bonds
116
120
Charleston, 8.C.—6a.8t'k.'76-98..Q-J h8
6s, long...
68, 1890
Q—J:107
109
<5s, long..
6e, 1890
Q—J106
78, tire loan bonds, 1890....J & J 23
102 >s 104
110
4139, long
8-658, 1897
7a, non-tax bouda
J&Jil09 no
88
J&J 108
Peterab'jTg, Va.— 68
Massacliusetts-5s, gold, lS91.A&O|109ifl UOifi
4s. non-taxable...
J&J 120
8s
J&J1 116H lltfis Chelsea. Mass.- 6a, 1 897.water loanl 121 123
88, gold, 1894
120
1161s
118
M&S 120 121 Chicago, 01.-78,1892-99
88, special tax
58, KOld, 1897
113
*».
old, »i,,^.w**«i
reg. J&J 108
Pa.—
68, v,»»i,
wo,
Mlohigan— 7a, 1890
Philadelphia,
luiaiinipuia., x
M&N 112
68. 1895
107
over.
J&J
Minnesota— New 419S, 1912 ..J & J IO214 106
4isa, 1900
if"
68, new, reg., due 1895 &
102
99%
Var'syrs.'""
Missouri—63, 1886
3-659, 1902
J & J 101
a, new
I16i«
Funding bonds, 1894-95 ....J & j;il6
Pittsburg, Pa.—48, coup., lOlS.JAJ.ij-y^
Cook Co. 78, 1892
J&J.|1}3 115
1081s
Long bouda, '89-90
J &J,110
Cook Co. 58, 1899
5a, reg. and coup., 1913
117
IO714 10758
^»>"Asylum or University, 1892. J & J 112
CookCo. 4148, 1900...'.
69. gold, reg
, .,5
103 1.J
Hannibal & St. Jo., 1886.... J & J IO3I2
73, wivter reg.Aop.,'93-'98...A&0. If^
West Chicago 58. 1390
103"
107is
do
do 1837
Liucolu Park 7a, 1395
J&Jll03>i
53, Refunded, 1910
f"
no
1908
New Hampshire—58,1892
do
4s,
J&J;103 108 >a Weat Park 78. 1390
IJI?
lOiTg 107
115
War loan, 68, 1892-1894
South Park 6a, 1899
Portland, Me.— Os, Mun., 1895.Var.l|114
J& J 116 120
M&S 124is 125
Warloan, 68, 1901-1905
68. railroad aid, 1907
M&Ni 114
J& j|l29'a 131 Cincinnati, O.—68, 1897
1
13
114
134% l3-ii4 Portsmouth, N.H.— 68, '93,RR. J&J
Sew Jersey— 6s, 1897-1902... J&J" 126
7-308,1902
68. exempt. 1896
J&JI 101 »4 102
J&J* 118
Poiiahkeepale. N. Y.— 7s, water ....
48
llJl*
Sew York— 68, gold, reg., '87. ..J&J 103
Southern BR. 7-30s, 1906. ..J&Jt 134% 135i4i Providence, R.I.—5s,g., 1900.. .J AJ 128
M&Nt 1221s 123 1£ 6i, gold. 1900. water loan. ..J A J
68, gold, coup., 1887
6a, g., 1906
J & J 103
do
6b gold, 1891
113
Cur. Os, 1909... .F&A I2^1s
Richmond, Va.— 68, 1884-1914. J&J 1231a
do
J&J 143
66, gold, 1892
112
fd.
5.3,
1910M&Nt
1121a
88,1380-1909
Sk§.
do
J&J 109
1031s 104
68, gold, 1893
115
Hamilton Co.. 43
58, 1914-15
lOl
103
••••
j.Carollna—68. old, 1886-'98..J&J
Var.
Hi
105
7a,
1837
Cleveland.O.—
48
Var. no
6a, NC. RR., 1683-5
A&O 121 125 Rnohester, N.Y.—6s
7a. 1894, funded debt
J& J H 170
137
Jt
i27Ja
&
J
6s,
1903
do
170
.M&S
water.
1231s
78,
7s, 1396, canal
68
do
7ooupon8off
Var 123 12'>
Rockland, Me.—68, '89-99, RR.. F&A I02>s
J&j 140
68, 1898.
80
1901
102
Comii'mlse
48,
68
do
Mo.—
7 coupons off
Var.
1031s 3t. Joseph,
A&Oil40
5a, 1337-89
Var. 102
15
68, funding act of 1866 1900 J&J
12
Var. 100
Columbua, Ga.— 78
St. Louis. Mo.— 6s, short
115
6b,
do
15
117
1868,1898A&0' 12
Covington. Ky 7-30s, long
68, 1892
X'""-|}A7i.
loyiiiuw
...Var.
103
6«. new bonds, 1892-8
53 lonir
J&J 22
7-303, short
I10i«
58' lO^fo .
'-.Var. lOJia 104>«
68
do
O' 22
Water Worka, 13:)0...
101>«
J&U.t 103
109
6s, Chatham ER
112
A&O, 9
43; 1905........
Dallas, Texaa— 33, 1904
A&O 120 123
no 115
6s, special tax, class 1, 1898-9 A&u|
8t.L.Co.-6s,gold, 1905
9*
10a, 1893-96
100 105
68,
do
cla88 2
Curi-ency, 7a, 1887-'88....Var.. 104
A&OI
Water, 6a. 1900
|108
6a,
do
W'n N. C. RR.A&O
Var.t 120
Detroit, Mich.— 78, loug
at. Paul. Minn.— 68, long
do
68,
Wil. C. &R.. A&Oi
Var.l 126
7a, long
78, water, long
;;--|t1s
95ij
V"''
new,
cons., 1910
48,
75
J & Jl 941s
88. 1839-96
Elizabeth, N. J.— New 4a. 1912. J&J 71
J.,2
128
68.1919
131
US
3alem. Mass.— 6s, long, W.L. A&OI. 128
Fall River, Ma38.-U3, 1904... F& Al 130
J&'t 11* 118
OhloOs, 1886
J & j!l03
kP&AI 108 no
.58, 1901, W.L
5s, 1394, gold
Var.
Penna.— 58,new. reg., '92-1902. F&A 119
F&A« 115 117
San Frandsoo— 7s, soliool
.58, 1909
48, leg., 1391-1904
no
112
Fltohbiirg.Mass.- 6».'91,W.L..J&JI in
6s, gold, loug
48, reg., 1912
F& A 1171s 119 Galveaton.Tex.- 8.^,1893-1909.M&S 103 105 Savannah fundeil 58. consols
Rhode lal'd— 6s, 1893-1, coup. .J &J 120 |.
J&D 95 lOJ loiuerville, Mass.—59, 1895. .A&Ot
,5s, 1920
A&OI
South Carolina— 63, Act of March I
103
115
OS, 1905
Hartford. Ct.— City 08, var. dates
6l8
23.1869. Nou-f unliable, 18S8.. S
121
121
•iprinirtleld, Maas.- 6s, 1905. .A&Ol
Capitol, untax. Gs
A&OI
Brown consols
Hartford Town mn, untax
10 i
103>s UOis
1 102
7a, 1903, water loan
lenneasee— 68, unfunded
59
Haverhill, Mass. -69, 1889... A&OI 100 Is 107 Is Toledo. 0.-7-303, RR., 1900..M & S
Var.t
Coriiproiiiise bonds, 3-4-5-68, 1912 67
69 14 Hibokeii, N. J.— is, long
111
113
89, 13!)3-94
BetMemcnt. :i8
72
71
115
Vaaliinaton, D.C.— o«« Dial, of Col.
117
6a, long
Texas— 6.1. 1892
M&SI 112 114
122
Vilmiugtou, N.G.—6s
124
7s, long
78, gold, 1892-1910
M&.8f'125
35
40
Houston, Tex.— IO3
88. irold. eou. on
-.•;:i,, ,,
78, gold. 1904
Jj£jri33
140
35
Vorcoater. Ma99.-6», 1892...AAOt!llt'a 115%
40
6s, funded....
.\&0 n 3 130
Vermont— Ga, 1890
.. ....
59 101)1
J ADilOim 111
lndiauapoU3,lud.— 7-30s,'93-9, J&JI no
^^^^'^^'^^ 110
Virginia—6.3. old, 1386-'95. ...J & J 44
!l;l9o.5 :::::::;::
108
Jersey City— Os, water, long, 1895.. 106
B»\ps.
ds, new bouda, 1336-1895... J & J 44
J&J 117 119
78, water, 1899-1902
lea •OM^
•umsolul
6s, consols. 1905. e.K-couB
eamaaiiiea
(Boiul.i
of
J&J 55
Impi'ovomint,
1891-'94....Var.
109
112
78,
68.etinsoi.,2d.seriea
T&Jilll
J&J 60
be founl unJer the coiuul'd name.)
78, Bergen, toag
114
1903! 11^
mort..
Ist
6«. de;tirred bouits
Southern9'«
19i).5
.19,
11
Gt.
112
Ala.
Ms.?!
9\ Hudso.i 'ounty
Tax -receivable coupa., f rom eons'ls
Vlb'y & 3u8ii.-l9t M., 79, '88.. .J&J 103>4
47
J&J 122
Hudson Comity. 6.3, 190>
isa"
.....
in06,guiir..A&0
7a,
1)0
mort.,
Conaol.
from IO-4OS.
19
79.
)l
J..«l)ill3
iVd
Hudson County
Pundinit bonds. 3a. 1 13 2
Couaol. mort... -tslSO !. guir. AAO li>
J &J 65%
J&l!ll2
BayonneCity, Ta, long
I'iO
73-109.
.J&J
.M..
fJen.
Val.—
Gl-rv itKCUKITIBS.
12018
llleith.
Lawrence, Masa.— 63, 1834...A& Ol|l20
AAO 112
Albany, N. Y.— 68, long.... Varloosii 115
East.fXten. M., 79.1910
...\.&0'lJ9 1131
68, iOOO
"8 long
'0
'lO'i
fnn....«. 79. ell.. 131t
129
Long lalandCitv, V.Y— War.T.7< '!>
Price nominal: no late txauaaotioas. t Purchaser also pays aoorued Intereai. ( lu London. } Pirt being redeemed. H Cou^oaa ou aiuoe 'di^'ji

AiO

J&J 129 13o
1914.. J&J 85
73% 7378

no

M&N

—

j

—

i

,

1

i

I

1

i

I

I

J&J
A&O
A&O

t

I

A&OV

—

A&

A&O
F&A

,

RIILKOAO

m

I

'

j

:

|

W)

i

I

'

II

F
P
J

—

J
F

THE CHRONICLE.

'4U

[Vol.

XLH.

GENERAL QUOTATIONS OP STOCKS AND BONDS—Coxtinued.
For Explanations See Notes at Hoad of First Pase of Quotations.

Atcn.Top.A S.Fe— l8t,7s,g.,'99. J&J
A&O
lASdirrant, 78, (?., 1902
J&D
BiiikiDgfiu)rt,68, 1911
Quaranteed 78, 1909 J&J&A&O
A&O
6b, 1909 (Istmort.)
M&a
68, plain bonds, 1920
A&O
4148, 1920
FlorenceA ElDor'ao,lat.78.A&0
K.C.Toneka&W., Ist M.,78,g.J&J
income 78 A&O
do
.

Kailkoad Bonds.

Ask.

Bid.

Bxn-ROAD Bonds.

Bid.

1st M., guar, 4is«-68, 1931.

i'ie"

J&J
Gai>— let, 7s, 1893
r&A
1905
A&O
(is, 1913
BelvldereDel.— lst,6s,c.,1902.J&I!
B'&A
3d mort .68, 1887
Boston & Albany—7s, 1892.. .F&A
J&J
6b, 1895
Boat. Ccno.& Mon.— 8.F., 68,'89.J&J
1893
A&O
mort.,
7b,
Consol.
A&O
Consol nioit.,6», 1893
Boat. Hart,& E.— Ist, 78, 1900. J&J
J&J
Ist mort., 7s, guar
A&O
Boston & Lowell— 78, '92
J&J
68. 1896
J&J
New 6b, 1899
Boston & Maine—78, 1893-94, J&J
Providence—
78, 1893. J&J
B08t. &
B08t.& Revere B'li—lst,68.'97. J&J
&K.—
lst,68, 1P32
BradfoidBorrt.
Bradf.EUi.A Cuba— Ist.Gs. 1932 J&J
Bklyn Batli&C.L-lst,6s,1912.F&A
Brooklyn Elevated— Ist mortg
Zdniortg
Bufl. Brad.& P.— Gen.M.78,'96.J&J
Buft.N.y.&Eiie— l8t. 7s, 1916.J&D
Bufl.N.Y.& Ph.— l8t,68,g.,1921.J&J
2d mortgage, 78, g., 1908... Q—M
5l&S
Gen. M., 6s, 19i:4
Buff.PiU8b.& We8t.-6s,l 921 A&O
Pitts. Titusv.& B.— 78, 1 89BF&A
Oil Creek, Ist M., 68, 19 12. A&O

Union

& Titusv., 1st, 78,'90. J&J

WaiTen&

Fr'kln,l8t,78,'9t>F&A

100
120
lolls

1118% 119
illuis 119%
IO314
il03
II414
1114
110714 1071*
33I4
33

tll8
118's
II914 1191s
ll:ii4
1112
11221s 1231-1
1123
1231s
11191*

10
10
lOlTs 10218

7o
105
411s

100

,

J&D

.

M&N

Fund, coupon 78, 1895
MAN
Atch.& Pike's P'k,l8t. 68, e.M&N

45
103

40

38
105

105 ij

87%

lOd
(SO

130

122

12i>

112

lOSk
iisis
100

112

70
114
114

.

liuuda,

l)k.& Imp. Co.. 58,1921. J&J
Leh.& Wilke8b.Coal.inc.,'88,M&N
Consol., 78,gold,1900.ass'd.Q-M
Cent. Ohio— Ist M.. 6s, 1890..M&8
Cent. Pac— lst,6s,gold,'9.5-98.J&J
B. Joaquin,! St M., 68, g.l900. A&O
Cal. & Oregon, l8t,6s, g.,'88.J&J
do
aeries B, da, 1892
Cal.&Or. C.P.bond8,68,g.,'92 J&J
Land erant M., 6e, g., 1890. A&O

West. Pacif., lat, 6a, g., '99. .J&J
Charl'teCol.&A.— Con8.,78,'95.J&J

Series A, 1908
to, gold. ser.B.int.def 1908.
.

A&O
M&N

.MAN

&

Cons.

75

J&D

68,

&

J&J

128

J&J 101

Ind. M., 78, 1899... JAJ
Clev. A Pitts.—4th M., 68, 1892. JAJ
Consol. 8. P., 78, 1900
Belief.

135% 136
tl04

M&N

1914
1934

S. F., 78.

Gen. eon.

M&N

10b

Clev.&M. Val.— Ist, 78.g.,'93.F&A
Columbia & Gr.— Ist. 6s, 1916. J&J
108 1091*
2d mort., 6s, 1926
A&O
11014 no's Col. Hock. Val. A ToL— Consol. 5a

moij 110

OS's 1001s

98
95

941s
tll:j

llsia

1

21
1110

2II1

112
110
130

131

mis

iiyifl

99

871s "sfse
Col. AHock.V.- lstM.,78,'97.AAn 1113
do
2d M., 7s, 1892. JAJ tl04
Col. A Toledo— Ist mort. bonds .. till

tl02
do
2d mort
OhloAW.Va.,lat,s.f.,78,1910MAN no7is

1211a Col. Spriugf.A

1961s

nois

C— 1st. 78,1901. MAP no

noifl

97
118
i24

1

.

,

.

.

.

. .

1

I

.

C—

,

95
100

90

UIH

UO''e
1081* li9

lUis 115
lii8

103
104
109

111

104
111

1131s
117
1131s

no

2d mort., 7s, 1910
J&J 111
Cheraw&Darl.- l8tM.,88,'88.A&0 106
2d mort., 78
102
Cbes. & Ohio— Pur. money fd.,18n8

felKt*.Jl'rict:

78%

M&N

1908

Am.

Ist, 7s...

.

Atch.Col.&Pac.,l8t,6s,l!»05Q.—
10414
103
Atch.J.Co.&W..lst,«s,]905.Ci,—
Cent, of Ga.— lst.cons.,78,'93.J&J 113
Certiflcatei" of imtebtedacsa. ('a..
Cent. Iowa— New lat., 7a , '99. J&J } 109 Is
Inc. bonds," debt cert8.", 78,A&0
no
Eastern Dlv., lat, (is, 1912. .A&O
68
me. Div. let, Ge, 1912
A&O 16
Oent'l of N. J.— Ist .M,7s,lS90,F&A 113
7b, conv, 1902, asaeuted
M&N
Consol. M .78, 1 8i)9, aeeciited.Q—
112
Adjustuicut bonda. 78, 1903M&N 110
Conv. delicn. 6e, 1908
M&N 78

Income

Hock. V,

Col. A Xenia— Ist M., 78,1390.MAS 1109 14
Conn. APassump.— M.,78, '93. A&O tll»% 120
1116
Masaawippi, g., 6a, gold, '89 J&J U031S 104
1123
10
Conn. West.— lat M., 7s, 1900. J&J
20
I1314 Connecting (Phila.)— 1st, Ga ..M&S 121
I23I8
ni. Grand Tr., lat. 88. '90... A&O 113
tllOis
111
8I.I4
8.'(.1889.
Conaol.RK.of
83%
lat,
Vt..
lat,
J&
5a, 1913.,r&J
Dixon Peo.& H.,
Cuml). A Pcun.— lst6a,'i)l....MAS 104
105
Ott. Osw. & Fox R., 88, 1900. J&J 1 1291s 130
103
2d mort. 6a, 1888, M. & N..
105
Quincy& Wars'w, Ist. 8b, '90.J&J 1112 114
itch'n & Neb.— l8t,7s,1907 M&S 11261s 1271a Cumiieil.Val.— l8tM.,8s.l904.A&O
102 14 1021s Dayton & Mich.— Consol. 5a
'hie. Burl. & Nor.— 5s. 1926
J&J tl09 109%
23
25
3d inort., 78, 1888, now 2d. A&O tl05i5
Chic. & Can. So.— 1st, 78, 1902 AAC
Chic Kau. City & Wesi'u.— lat. 58. IO4I4 104% Dayt.& West.— lat M.,68, 1905.J&J (112
122
iBtmort., 7s, 1905
J&J 1221s
Chic. & East 111.— 1 st mort. 68, 1907
Delawai'e— Mort 68, guar. ,'95 J&J
Income bonds, 1907
1141* Del. & Bound B'k- l8t,7s,1905F&A 131
A&O
134
1st, con., 6a. gold. 1934
95
Del.Lack.& W.— Couv.78,1892 J&D
Chic & Gr. Trunk— 1st mort., 1900 190
Mort. 78. 1907
M&8 i'26is
Chic.& Mich.L.Sh.- lst,88,'89.M&S IIO9I9 111
Den.&RioG.— l8t,7s, g.,1900.M&N 1171s 120
Chic. Mil. & St. Paul—
lstcouaol.mort.,78, 1910
J&J
9319
P. du C. Div., lat, 8s, 1898. F&A 135
127% General mort., 5s, 1913
A&O
P. D.,2d M.,7 3-10s, 1898,.F&A
Deuv.&R. G.W.-lat, 6s, lOll.M&S 77 "is"
J&J 132 133
l8t, 9, gold, 7s, 1902
90
J&J 1221a H:3i« Denv.S.P.& Pac— lst,7s.l905 M&N 85
La. C, IstM., 78,1893
86
Des M. & Ft. D.— lat, 68, 1905. J&J
J&J 125
I. &M., lat M., 78,1807
I26I4
35
do
incomes
I'a. & Dak., lat M., 7s, 1899. J&J
84
lat mort.. 6a, on e.xtenaion
Haat. & Dak., Ist M.,7s, 1910.J&J li7 130
134
D,)t.&Ii.C.lst,8a.e,n.M.C.1902M&N 118
120
Chic. & Mil., Ist M.,78, 1903.J&J 131
134
Det.G. Haven AMil.—E(piip.6s,1918 )109
111
1st mort., consol., 78. 1905. .J&J 132
132
Con. M., 5% till '84, after 6<- 1918 :109
111
lat M., I. & D. Ext., 78, 1908JAJ 131
120
Det. L. & North.— 1st, 78, 1907. J&J tl'23% 124
lat M.,6s, S'thwest Div.l909J&J 119
Det. Maok.& M.— 1st. 68,1921. A&O
65
l8t M., 5s. La C. & Dav.l919J&,T 106 la 107
Lard grant 3ia8. S. A., 1911
80. Minn. Ist 68,1910
.T&J Utile
35
Chic. A Pac. Div. 68. 1 910
.J&J 120 1231s Dub. & Diik.— Ist .M., 6s, 1919. J&J
do West. Oiv., 58,1921. J&J 105% 106 14 Duh.&S. City— l8t,2dDiv..'94.J&J
Dunk.A.V.& P.-lst,78,g..l900J&D no
Mineral Pt. Div., 5s, 1910...JAJ
East Penn.— l8t M.,78, 1888. M&S 110
Chic. & L. Sup. Div.. 58, 1921J&J ids
Wia. & Minu. Div., 5s. 1 92 1
J&J 105 106 14 E.Tenn.Va.&Ga.— l6t,7s,1900JAJ 120
80
Tenuinla 58, 1914
1st mort., consol., 58, 1030 ..JAJ
J&J 1041s 0514
do
Dulmque I>iv., lat. 68. 1920.J&J 1181s 119
ex coup'a 9 to 12...
721s
lO'a 2018
108
6s,
Income,
1931
Wis. Val. Div., Ist,
1920. J&J 1071s
68,
Divisional. 5s, 1930
Fargo & South.- 6s, ai-s. 1 92 1 J&J 119 121
JAJ 1031$
100
142
Tcnn.
Chif.&N.W.-Cousol., 78,1915.0—
E.
A Ga., l8t,68,'83-86.J&J
1421a
E.Tcnn.& Va..end.,68. 1886. M&N liO
Consol., gold, 78, cp., 1902. ..f&O
i'36'
Ala. Cent., lat, 68, 19M
J&J 97
do
do
reg
J&D
Eastoni, Mass.— 68, g.,1906. .M.fc.s (123
128 ifl
Sinking fund, 6a, 1929
A&O 121
M&S
110
Sterling delia., 6a, g.. 1906..
U20 124
do
56,1929
A&O
I0918 Eliz. City & Nor.— S.F. deb.,6s.A&0
debeut., 5s,1933.M&S 109
do
Istmort., (is, 1920
M&S
2.5-yrs. deb. w, 19u9
M&N 107i» 1O8
lOlia
Elizab. l.ex.& Big 8.— 6a, 1902. M&S 100
Eacan.&L Sup., lat, 6a, 1901.J&J US
Elmira&W'mapt— 1st 6s,l910.J&J 121 125
Des M.& Miun'8,lst.7s.l907.FAA 136
A&O 1091a
Iowa Mid., Ist M., 88, 1900. A&O 135
58, perpetual
Erie & Pittsb.— 2d, now lat
J&J 105
Peninsula, 1st, conv., 7s, '98. .M&S 125
J&J 1110
Cons, mort,, 78, 1898
Chic. A Mil., lat M., 7s, '98..JAJ 125
A&O 100
Equipment, 78, 1900
Mil. A Mad., 1st, Oa, 1905. .M.&S. 115
Madison Ext., Ist, 7s. 1911. AAO tl32
Evanav. A Crawf.- lat, 7«, '87. JAJ 100
Evans. A Ind.— l8t,guar.,g.,68,l924 100
Menominee Ext.,lst,7s,1911 J&D tl32
lis
Norlhwest.Un., l8t.7s 1917. M&.i UH3
Evaiis.A T.H.,lst con.,6B,192l,J&J 114
A&O lOtfis
Mr. Vernon— Ist, 6s
Winona & St. Pet.— l8t.78,-'87 J A J 104% 105
1135
Evansv.T.H.&Chi.— lat, 68, g.M&N 101
do
2d IM. ,7s. 1907. M&N
AAO 1112% 113
Fitchburs- 5s, 1899
Ott. C. F. & St. P., !ia. 1909. .M&S idi
109
A&O fll4 115
North. Ills., 1st, 58, 1910.. ..MAS lo8
58, 1900-01-02
A&O (1201s 121
Chic.K.I.&Pac— Us,19l7,ooup J&J 132
68, 1897
A&O fl23ls 1-24
78,1894
68, 1917, reg
J&J 132
112
Exten. & col. 58. 19:14
Flint & P. Marq.- M. 68,1920. A&O 116
J&J
Hollv W. & M., 1st, 88, 1901. J&J
Chic&S.W.,l8t,7s,giii\r..'99.M&N
109
Ft. -Madi.son&N. W., 1st 78. g., 1905
Ohic. &8t.Limi8— IstOs, 1915,M&S
89
90
Ft.Wdi th A Denv.
1st, 6s. 1921
Chic. St. L. &P.— Ist, .'.s. 1M32.A&0
95
120
Cliie. & Gt. East., Ist, 78, 93-'95
100
Frem't KIk'nA Mo.V.— 68,1933A&0 (118
Uustainptd.. 1115
do
do
C0I.& Ind. C, Ist M., 7a, 1904. J&J tl2.'
115
Gal.Har.&S.A.- lat,6s,g.,1910F&A
do
2d M.7s,1904.M&N 107
J.feD i'ls' II9I3
2d mort.. 7s. 1905
Un.A Loganap.,l8t,7.s, 1905.A&O till
981s
104 no
Cln. A Chic. A, L., 18SI!-'90
West. Oiv. l8t, 5s, 1931. ...M&N
2d, 68, 1931. ..J&J
Chie.St.P.Min.&Oiu.- Con. 68, 1930
122
do
A&O 71
75
Gal.Hou8.& Hen.— lst,58
0h.8t.P.& Minn. lat,0s.l918M&N lino's
l&J
I31ifl
1883-90
Georgia—
7s,
North Wise Ist 6s, 1930
J&J
J&J 105 107
128
St. Paul&S.City, lst68,1919.AAO
6s, 1>89
120
Georgia Paeitlc-lat, 68, 1022. J&J 110 110%
Chic. ATomah.— 6a
118
47
115
Chic.& W.Iud.— S.fd. 6s, 1919 M&N 113
2d mort
125
112
Generalmort Os, 1932 ... Q—M no
Gr.Rap. & Ind.— lat, l.g., g'd, 7a, g. 1123
lat M.,78, l.g., gold.uot giiar. AAO tll5
Cin. Ham. &Dayt.— Consol.Se AAO tl09
1091a
100
Ex land grant. Ist 78, '99
Consol. mort., 7s, 1905
A&O 11261a
M&S 80
Consol. 5.S, 1924,
do
811s
6s, 190.5
A&O III6I4 117
98
l8t,6s,l91l.F.&A
Gr.B'yW.ASt.P.—
Cin. H. A L, 1st M., 7s. 1903.JAJ (116
117
ie" 3914
40
45
2d, incomes, 1911
Cin. A Eastern— l.st. 7s, 1896 JAJ
Gulf Col. & 8. Fe— 1st, 78,1909 JAJ 124 1< 124%
26
2d mort., 78, 1900
AAO 1031s 1 03 'a
2d, 6s, gold. 1923
Consol., gold. 6s, 1912
5
tnoi*
111
Han. & St. Jo.- Con. 68,1911.. M&S 119
Cln. I. St. L. & Chic— Con. 68, 1920
Housatonic- Ist M.. 78. 1885. F&A
Cin.A Indiana, l.st M.,7s.'92.J&D tllO H2
"85"
90
do
Ho'at.E.&W. Tex.— lat,78,'98.M&N
2dM..78.'a7-92.J&.l tlo5
J&J
rndiimapolisC. &L., 78of' 97..
116
2d, 6s, 1913
tll5
105
m.,7a,guar.l891
5103»B
Ind'apolis & Cin., 1st, 7s,'88.-\&0 tl05
106% a.& Tex.Cen— lat
100 Ifl
Cin.Laf.&Ch.— lst,7a.g.,1901.M&S 1116
Weat. Div., lat, 78, g., 1891.. T&J 497
Waco & N. W., lat, 78,g.,1903.J&J }J00
Cln. Northern.- lat, 68, gold, 19.;0,
40
35
A&O
Cons, mort., 88, 1912
Cin. Rich. &Chic.— lat. 7s, '95. J&J 1113
A&O "Kri"' 57
114
Cin. Rich. & F. W.— Ist, 7s, g... J&U 1113
Gen. mort. 68, 1921
Cln. Sand'ky & CI.— Os, 1900. .F&A IIO3I4 IO3I3 aunt. & Br. Top-l8t, 78, '90.. A&O lOdis 11214
FA-A 112
7a, 1887 extended
2d mort., 78, g., 1895
M&S 103 105
99ii
AAO
.T«.n'i 105V) lo.-.i«
Cona 3c) M. 58. 1895
.

40

35
40

OedarF.&Min.— Ist, 78, 1907. J&J 1171s
Cedar E.& Mo.— lat, 78, '91... F&A tin 112
Istmort., 78, 1916
iM&N 128% 129
2d mort.. 78, 1909. quar
Cent. Br. U. Pac. IstB, 68, '95

&

73

40
20
100
115

.

1361s

Bufl.& Southwest.— 6s, 1008.. J.&J
Bnr. C. K.& N.— l8t,58,new,'06.J&Ii 109% 110i«
Cons.lst &C0I. tr., 58.1934. A&O 1061s IO7I4
loO
Minn. & St. L.. l8'. 78, guar. J&D 110
C.Eap.I.F.&N.,l8t,68, 1020. A&O
do
Ist, 58, 1921. ...A&O
Oallfor. Pac— lat M.,78, g.,'87. J&J 100
95
2d M.. 6s, g.,end C. Pac. '89.J&J
go
3d M. (guar. C. P.), 68, 1905. J&J
50
do
do
38, 1905. J&J
40
39
CallforniaSo.— lat, 6a, 1922. ..J&J
(Xunden & Atl.— l8t,78, g., '93. .J&J
2d mort., 68, 1904
A&O ili'
Cona. ta, 1911
J&J
Clam.& Bur. Co.— lat M., 68,'97.F&A
Canada So.— lat M.,guar.,1908,J&J lOf »8 105%

2dmort., 58, 1913
M&S
OarolinaCeut.- l8t,68,g.,1920.J&J
2d. inc.. 6s. 1915
A&O
Oatawl88a-Mort.,7s, 1900.. .FAA

Ask.

1051s 106

Bait. Short L., lat, 78, 1900.. J&J
aev. Col. C. I.— lat, 78, '99.
Consol. mort., 78, 1914

C—

Ist, 6e,
C01180I.

M&N

2d mort., 58. 1931
J&J
3d mort., gold. 3s-4s, 1931. .F&A
Income 5s. 1931
Scioto

.

Bell's

Bid.

Cin.&Sp.— 7s,C.(!.C.AI.,1901.A&O llli»
78, guar., L.S.& M.S.. 1901. .AAO 116
1141a Ciu. Washinuton & Bait

M&N

1112 114
St.!.. Jack8'v.& C, let,7B,'9 1. A&O
do l8tguar.(564).78,'94A&0
K.Mex.&8o.Pao.,lBt,7B,1909 A&O 1127'* 127%
do 2dM. (360), 7a, '98.. J&J
1261s
Pueblo & Ark.V., Ist, 78, g.,1903. 11251s
do 2dguar.(188)78,'98.J&J
Bonora, let, Tb. 1910, guar.. J&J 1021s 1031s
115
Atlantic— l8t, 68,1920.M&N
1113
Ch1c.&
Wlc)ilta&8.W.,l8t,78,g.igua..l90'2
F&A
2d. 6a, 1923
125 12514
l8t,7B
Atlanta & Cliarlotte Air
li
107
B.
& Q.— Cons., 7s, 1903.J&J
107
(Mc.
--•
Income, 68
J&D
85^ 871s Bonds, 58, 1895
"*.tlantlc& Pac. -Ist 68, 1910.. J&J
A&O
21'8
58.1901
J&J 21
Incomes. 1910
M&N
96
58, debenture, 1913
Central Division, old, 6b
A&O
76
58, 1919, Iowa Div
new tie
do
A&O
21
do
13
48,1919,
do Land Incomes, 1901.
1922
F&A
Div.,
Denver
A&O 107 1071s 48,
Baltimore & Ohio -New 4 b
M&S
no's 4s, plain bonds, 1921
F&A
68 gold, 19:!5
Bur. & Mo. K., I'd M., 78,'93.AAO
J&D {111 113
Bterlmg, 58, 1927
Conv. 8s.'94 ser.J&J
do
M&S (112 114
Bterling, 68, 1895
Bur.&Mo.(Neb.),l8t,6H,1918.J&J
BterUng mort., 68, g., 1902. .M&S il21 123
128
do Cons, 6s, noii-cx..J&J
do
68, g., 1910.M&N .'126
do 48, (Neb.), 1910... J&J
Parkersburg Br., 68, 1919... A&O 117
120
do Neb.RK,l8t,7a,'96A&0
1911
.J&J
Pot'c—
l8t,
68,
s.,
Bftlt.&
do 0in.& S.W.,l8t.88,J&D
I8t. tunnel, 6s, g., g'd, 1911. A&O 1221a

Raii-road Bonds.

103
97

A&O.
I126i« 127
Ches. &01iio-6s. 1911
112414 124% CUea.O. &8.W.— M. 5-68, 1911. F&A
J&J
tl09i4 toy la' Cheahire— 68, 1896-98
125
1122
CUic. &Alton— IstM., 7e, '93..J&.I
Sterling mort., 68, g., 1903. .J&J
11041;; 105
llOOis 101
Bds. Kan. C. line,68,g., 1903. M&N
Miss.Kiv.Bridge, l8t.,8.f.,6a,1912
IIOIJ4 101%
115
Louis'a& Mo.B.,lst,78,1900F&A
2d, 78, 1900
do
1127 Ja 129

mo

Ask.

§79

uumuuu; uu late tiaiiBaotloiu,

.

.

'W

I

120%
lis
791a

1

t

Purohaser also paya aucrued Interest.

I

In London,

i

Ooupou

oft.

MJJ

APKit-

THE CHRONICLE.

1886. J

8,

MJ

J

4Q5

QB:^BIIAL gUOTATKi.VS OP

rfr()0K3 A.VD BONDS—OoOTiNaBD.
Por BspUaatlona Sea Mote* at Head of VIrat Pasa of 4|Hot«tli>«a.
Btd.

Railroad Bonos.
111.

•

JAJ

Int. guld. 48, 11)51
111
DIv. re«. 58, 1021..
BterlliiK, a. K, f,», «., 1SW3..A&0 IH'.^

UlS
JAI) tlU

8torllni.'.«iMi.M..08,K.,1895.A&O
Storlliii.-.

.".H.

IOC'S

JAU
M&N
JiD

ISI07
Ten. Men, 78, 1897
68, lOftl, gold
MlB8. l>u..2(l luort., 88

do
do

2dM.,88,s)0,otf8.A&0
2dinori.dplit....AAO

Ind. Bl.&W.— l8t, i)f.,78,
l8tiuon.,.')-0. 1909

1900J&J

A*0
A40
2d mort ,.>-«, 1909
£no<mu>, 1921
Eai<t.lMv..l8t mort. 68,1921. JAD
.

ASp.— l8t,

7e, 1906.AJfcO

1911

JAJ

luort., 08,

New

1st mort. 68.

iii'

113

ItO

MAN

1899

Mlch.CVnt.-ConBol., 78,

116%

C01180I. 58, 1 902

1902MAN

MAN
MAN

117% lis
112
340
38
8>«

71

71
23
130
llOlt

iBt M. on Air Lino, 8a, IBQO.JAJ 111!
1110
Air Line, lat M.. 8s, guar...
Gd. Rlv. v., iBt 8a, gu»r.,'86.JAJ 1100

MAS
MAS
MAS

6s. 1909
58. coup., 1931
58, reg., 1931

KalamazooAS. n..l st.Ss.'eO.MAN tl09>a

oo^ 37

••••,
2( >«

6a,

Invomes
Debenture 10«, 1890-9.1
AAO
•cnlp 10«. 1889
JAJ
Mexican Nat.— l»t, 6a, 1013 ..AAO

J.L.A8itg.Nortb Kxt.,88,'90.MAN
do
Cons.lat.M.,8B,'91.MAS 1117%
do
69,1891
MAS t.
Jollet A N. Ind., 1st, 7a (guar.M.C.) 120
Mich. A Ohio-lat, 6.-, 1923 ...MAN
95
Midd. Un. A Wat Uap-lstiuort
55
2d mort. .'8, quar. N.Y. 8. A W.
M11.L.8 A W.— lstM..6s.l921.MAN II7I8
Mich. Dlv., lat, 6a. 1024.. ...JAJ 114
Aahlautt Dlv., lat 6a, ti«23..MAS 113

102

2d, liK-onin, 1906,Tr Co. oert.JAJ

2d

JAJ

xloan Cent.— l»t. 7a, 1911. .JAJ
Scaled 49, 1911
JAJ

l'.i3

116
100
tlOl
112
112
120
100
90

N.O..I»ck.A(it..V.,l»t,88,'86J&J

2d

M

123
120

Hi.AN O.-lst con. 78, 181)7.

2il, tm,

Ind. Ueu.

110

lu4

29 >«

funded

Ind'iuilm.V .'^t.L.— l8t.78, lOlO.Var. I112'«

Railioad Bono*.

Bid.

letrop'n Elev.— lat, 0«, 1908.

F&A

MliIiTli'

Clili'

Railroad Bondi.

Alk.

120

Cent.— l«t M.riilc.A 8pr.'98JAJ

1 !,<>•

41

39

8%

72
VorTk AW.—<len'l M.,6s,1931 MAN
73
New River lat Oa, 1932
AAO
23 14
Imnr. A Exten., 6a. 1934. ...KAA
133
Adjustment 7b, 1924
O.— M.
Ill's
NorrkAPetereb.,2d,8a, '93.J/kJ
iim South Side, Va.,lBt,8s,'84-'90.JAJ
no's
do
2d M., ext.,1899JAJ
101
do
3d M., 6s,'8S-'gO.JAJ
100
Va.A TeoD.. 4th M.,8s, igflO.JA.1
109
do
extended 5s,lB00.JAJ
North Carolina— M.. 8s, 1888. MAN
110>s North Penn.-2d.7s. 1800....MAN
Gen. mort., 78, 1903
JAJ
il3
New loan, 6s, reg., 1005
MAS
Northeaat.^.C— 1st M.,8s,'99,MA8
2d mort.. 8s, 1899
MAfl
Nortbero, Cal.— 1st, es, 1907.. JAJ
Northern Cent.— 4>s per cent.. JAJ
3d mort., 6a, 1900
AAO
H7is Con, mort., 6s, g., coup., 1900.JAJ
08, g., reg., 1900
AAO

132
lnd'ftpolis.v Vln.— l8t,7B,1908.KAA
2d uiort.. 68, K., Kimr., 1900.MAN ! HO 114
119
Int.AUt.Nortli.— l8t,68,1019.MANi 117's
9,S
100
lat. Incomes
Coup. 6s, 1909
MA8i SSig 89
102 104
St. P. E. A Gr. Tr'k, 1 at, guar., 69
Ionia A Uinalng— l8t8a.'89. ..JA.I tin's 112>«
106
Mil. A No.— Ist, 6s, 1910.... JAD 100
Iowa (It VA Weat.— 1 8t,7e,1909M A81
10313
lat, 68. 1884 1913
JAD
raFallsASiouxC— l8t,78,'99AAOifl31i« i31%
136
93
Mlnn'p. A St. L.— Ist M., 1927. JAD i'33
Jefferson -llawl'y Br. 78, '87. .JAJ
124
lat M.. Iowa CityA W., 1909.JAD
lat mort.. 78, 1889
JAJ 103
2diuort., 78, 1891
JAJ 100
Jefl. Mad. A rnd.— l8t,78,1906.AAO tlli% a.'>%
Southwest. Ext., lst,78,1910.JAD 110
2d mort., 78, 1910
JAJ 117% U8%
PaclHc Kxt., l«t. 69, 1921.. AAO 109
Junction (PUU.)— I8t,4>a8.1907 JAJ no
981s 99
2d mort., 68, 1900
Imp. A Eijuip. 6s. V.fZi
JA.I
AAO 116
102
Kau.C. nilut'n ASpriUKlleld— 18,5« 105 10a >« Minn. A N. W.— Ist, 58. 1934. .JAJ 101
119
1^:2
K.C.Ft.ScottAG.— l.'it.T.t.lOOSJAI) Ills 1181s Mlss.A Tenn.— l8t M., 8b, series "A"
Pleas. UiU A L)e Soto, Ist, 7s.l907 tug's 130
88, serie8"B"
JAJ 105 Is 107
Kansas C. Lawr. A So. 1st, On. 1900 )113>s 114
Mo.K. AT.-Con8.a8a..l904-6.FAA 114% 115
126
Consoiid,iled 6a, 1920
K.C.St.Jo8.AC.B.—M. 78,1907. JA.I I12.'i
JAD 93 14 93=8
Consolidated 5a, 19'JO
K.C.Spr.A.Mcm.— let.«8,19'23.MAS 110 no's
JAD 7958 "Ws
Kentucky Central— Os. 1911. ..JAJ
lat. 6s. g., 1899. (U. P. 8. Br.lJAJ
Stumped Js, 19U
Boonev'eB'ge,78.guar,1906.MAN
JAJ fii
115
KeokukADeaM.— lst.5e,Kuar.AA0 108>s
Han. A C. Mo., Ist 7s, g.,'90.MAN
Knosv. A Ohio Ist. 68, 19v:.'>. ..JAJ
911s Mo.Pac— lat mort.,6s,gld,'88, FAA lOl'g lO.".
93
94%
liJIrle A West'u— l8l,68,1919.FAA
Consol. 6e, 1920
MAN 111 Ill's
114
24
Inoome, 78, 1899
2d mort., 78, 1891
JAJ
85
80
Sandusky Dlv., 68, 1919 .. ..FAA
Car. B., lat mort., 6s, g. '93..AAO
15
30
do
income, 1920
3d mortgage, 78, 1906
MAN 123
La/. Bl.A Mun.,l8t, 68,1919. MAN "39' loo's
Income, 78, 1892
MAS "55'
60
40
do
income, 78, 1899.
Mobile A O.— Ist pref. debentures.
35
Lake Shore A Micb. So.—
2d pref. debenturea
35
CI. P. AA8li.,new78, 1892. .AAO 120
3d pref. debentures
30
130
Bufl. A E., new bds, M.,7a,'98.AA<)
4th pref. debentures
Butr. A State L., 78, 1880.... JA.I
New mortgage, 6a. 1927
JAD II3I4
120
Det.Mon.ATol.,l8t,78,1900.FAA
Collateral trust Ga. 1892 ....JAJ
Kalamazoo Al.AOr.R.,l8t,S9. JAJ 106
1st extension 68, 1927
Q— lOJis
Eal.A .'iihoolcraft, Ist, 8s.'87.JAJ
Morg'n'sLa.ATex.,l3t,68,1920JAJ 111
1-20
119
Kal.A Wli. PlKeon,lst.78,'90..JAJ
Ist mort., 7s, 1918
AAO 14514
147
Dividend bonds, 7e. 18P9...AAO 12J
Morris A Essex— 1st, 78, 1914 MScH
114
:3iit
IkS.A M. S., cons., cp., l8t,73.JAJ 130
2d mort, 78, 1891
FAA
129J9
do con8.,reg.,l8t,7s,1900.Q—
Bonds, 78, 1900
JAJ Vio 126
do cone., cp., 2d,78, ia03..JAlJ 1;!3>4 124
AAO 127 1 2a Is
General mort., 7s, 1901
do con8.,reg..2d, 78,1903. JAl) 123
JAD 1J4 135
Consol. mort., 7s, 1915
Mahoning Coal RR. 1st. 5b. JAJ
i'o'i'
Nashua A Low.—6s, g., 1893. FAA 111 Ill's
112
111
Lawrence— Ist mort., 7s,1895.FAA
58, 1900
Lenigh Val.— let,68,coup., '98. JAl) 125
Nash v.Ch.A 8t.L.— 1 st, 78,1913 JAJ 129
1st mort., 68, refi.. 1898
JAl) 125
JAJ
2d mort., 68, 1901
141
2d mort., 78, 1910
MAS
Nashv.A Oecatur-lst,7s,1900.JAJ f
Gen. M., s. f., 68, g.,1923....JAIi i36" 136% Natchez Jack. A Col.— 1st, 78. 1910
L, Miami— Renewal 58,1912.. MAN 109
Newark A N. Y.— lat, 78, 1837.JAJ 104
L.RocKAFt.S.— lat,l.gr.,78'95.JAJ H6H 117
New'kS'setAS.- lat.78,g.,'89.MAN 100
Long Island- Ist M.. 78, 1898.MAN
N'burghAN.Y.- Ist M. 78,1888.JAJ loo
100
Istconsol. 58, 1931
Q—
New Jersey A N. Y^.— 1st mort
98
South Side, Ist, 78, 1887
MAa tioi
N. J. Southern— Ist M.,new 68.JAJ
114
Newtown A Fl., 1st, 7s, 1891
N.Y. A Can.-£ M.. 69, g., 1904.MAN 112
«
ULCliyJi Flushing— 1st, 69.1911
108
cert.
Y.Cen.AH.-Dobt
ex.SsMAN
N
Lon'v.C.A Lex.— l8t,78,'97 JA.I(e\) 115
116
JAJ 137 1371s
Mort., 78, coup., 1903
2d mort., 78. 1907
AAO 115>4 116
JAJ 137
Mort., 78, reg., 1903
Louisville A NashvilleMAS 109 110
Debenture 58, 1901
Consol. lat, 7s, 1898
127
i2i>s:
1903.
Sterlingmort., 69. g..
..JAJ tl2.i
CecUian Br., 78, 1907
MA8 105 107
New York Ccutral-(ia, 1887. JAD 10588
Louisville loan, 68, '86-'87..AAO
94
N.Y.ChicA 8t.L.-l«t,U8,1921.JAD
Leb.-Knoxv. 68, 1931
731s
MAS
MAS
2d 6s, 1923
Louis. Cln. A l^x.,68. 1931. MAN
Oil*
N.Y.CityA No.-Gcn'l,68,1910MAN
Mem.A 0.,8tl., M.,78, g.,1901 JAli ;i20 122
el's
Tru.at Co. receipts
M.ACIarksv.,st'g,08.g.,1902 FAA ;ll6
119
N. Y. Elevated.— 1.St .M., 1906.JAJ 125
K, O. A .Mobile. Ist 68. 1930. JAJ 1031s 1041s N. Y. A Greenw'd L.— 1st M. Inc. 6s
26
do
2(1,6.a, 1930 ...JAJ
5
91
2d mortgage income
Pensacola Dlv. ,l8l,6s, 1920.. MA8
90
90 >s Ji.Y.AHarleiu— 79,coup.,1900..MAN ISBHl 138
Bt. Loula Dlv.. iBt, 6s, 1921
131
109% N.Y. Lack. A W.-lst.Os, 1921. JAJ
MAS
2d., 38„ 1980. MAS
52
FAA lO^is 109 14
„ do
2nd, 58. guar., l'.)J3
Sash. A Dec, lat 78, 1900. ..JAj 118
i'2'2" N.Y. L.E.A W.— l,st.78,'97,ext.MAN 127
E. H. A .\., lat 63, 1919
JAD 116 1181s •2d mort. exten., 5a, 1919 ...MAS 11516
Gen'l mort., 69, 1930
JAD 107 107 14 3d mort. ex. 4is9. 1923
.MAS 109%
Bo.ANo.Ala., S. F. 68, lOlOAAO'
loo's
4th mort., ext.. Sa, 1920
AAO ll3ii
lat luort,, sinking fund, 8s .. .. 106
110
5th mort, 78, 1888
,IAD 108 isj 109
Trust houds. 68, 1922
Q— 1021s li3
lat cons. M., 78, g..l920
MAS 133 134
Ten-forty Os. 19;;4
Man 90 91I9 New 2d cons. fia. 1969
JAD
Pensa. A Atl.— l8t,6s,gu,'21.FAA
87
90
ex June. '86, coup
88% 89I4
do
L'BV.N.A.AChic— l8t,(j8,1910. JAJ 109 110
106
Collateral Tr. 6m. 1922
MAX
Gen. mort. 6», 1914
AAO
JAD
Fund. 58, 1969
lo'lav.N.O.ATex.-l8t,58,1931.MAS
90%
130 >a
lat COD4. fiindcoiip.,7B,1920MA6
Maine Cent.— Mort. 78, 1898. ..JAJ (121 123
JAD
2d COD J. f 'd cp. .".a, 1 969
Exteii. bonds, 68, g., 1900. AAO HI
113
Reorgunizut'n lat lien, 6s, 1908
Cons. 78,1912
AAO 130 132
Gold income bonila. 69, 1977
Androscog.A Ken., 68, 1891. FAA ilOO 108
Long Dock mort., 7s, 1893. .JAD 118 118%
Leeds A Farm'gt'n, 68, 1896.JAJ 111 113
con. g., tia, 19J5 ..AAO 1 1
do
Portl. A K.,Coii8. M., 68, '95.AAO 112
114
130
(f.Y.A y.Eng.— 1st .M., 78, 1905JAJ 128
Debenture, 68, 10-20
106 108
morl.,
68, lOO.".
JAJ 119 I '20
lat
76i«
Man.Beacli Imp .ilm.,7s, 1909,MAS
FAA 10-< 108 »s
2d mort., 6a, 1'.I02
N. Y. A Man. Beach. 1st 7s,'97,JAJ
92
FAA 88
•2d, 68 (scaled to ;ia)
Marq'ttello.A O.— Mar.AO.,88, '92 lie's 117
N. Y. N. H. A H.lst r. 4a,1903.JAD IIOI9 tl2is
68, 1908
MASi 107 100
N.Y.Ont.AW.--lat.g.,K9,I9l4.MAl lOJ's 101
ea, 192:) (extension)
JAD 102 103 N.Y.Pa.A O.— lat, iiic.,acc.7a, 1905 ;41
42
68, 1925 (Mary. A West.). ...JAR
110
971s 98
prior lien, ino.ao.,d-6B,'95 tl05
do
Mem.AUR'ek— lat miirt.,88, 1907. 110 113
2dmort.lnc
Ill's 12>s
Memiib.A Charl.- l8t,7s, 191,5.JAJ 124
6
15
3d inort. ino
2d mort., 7s. extended
JAJi 124
76
L'sed L.rental t r'af73,Tni8.oer.78 174
lat consol. 78, 1915
J&j' 117
119
8s,
55
1876.. JAJ (50
West. ext. oertifa,
iBt. cons.. Tenn. lien, 7a,1915 JAJ' 1^5
35
do
do
78, guar. Erie j.'SO
[t

l'^7

. .

I

,

•

'

I

'

'

Price nomlBal; no late transaoUons.

t

Forobaaer also pays acorued interest.

Bid.

N.Y.Prov.AB'n-(Jen.7». 1809.JAJ
N.Y.Siiao. A W.-lat,6s. lOll.JAJ
I)Kb«iitiirr» 6a 1807
FAA
MidI'dof N. J.-Iat.na.iniO.AAO
N. Y. Wooil.A Rock , 2d Ino. 1912.

{

Mort. bda.,

58,

JAJ

1926, seriesA

iSfi

851*

S64

eii*

Io«
107 >i 109
105 107>a
80
00
87'!

112

88^

tlOS
»105
itao

106
1271* 130

132
113
130
130
113
1081*
124
122ii

uo>a

118
ion's

108
series B
Con. mort, atg. Oa, g., 1904... JAJ
Northern, N.J.— lat M.,6a,'88.JA.I 1100
North. Pac, P. D'O Dlv.— 68, ."WAS fl03

do

MAN

Mo. Dlv.

69. 1919
Gen'l 1. g.. lat, 68, 1921
JAJ
Gen'l I. g., Ist, ea, reg
JA.I
Gen. land gr.,'2d, 68. 1933...

102
105

1104

114%

AAO 0;%

114''s

115

95

North. PrtC.Ter. Co. -l8t,6s,'33.JAJ 105
105 \
JaniPS RIv.Val.— ;8t,g.,68,'36JAJ 103
Norw'hAWoro'r— 1st mT, 6b.'97.JAJ tl20>s 121
Oitd'nsb'gA l.,.Cb.— lat M.68,'»7,JAJ 1104% IO314
ainking fund, 88,1890
MAP 1109 112
Cohsol. ,6s, 1920
AAO 96

Income, 3b A 681920
Ohio Cen.— Rlv. Div., Ist, 6s.. 1922
do
Income, 69, 1922

30
8
1

OhloAMlss.- Cons. S.F.78,'98.JAJ
Cons, mort., 7b, '98
JAJ 118
2d mort., 78, 1911
AAO
Ist

gen

,

59,

JAD

1932

lstmort.,8pringr.Div.,l905 MAN
Ohio Southern— lat 68, 1921... JAD
2d Income, 69, 1921

31

12^
2
123
118

9«
96

H'S% 104
35
36

FAA I12li« 122
JAD lllh% 119

Old Colony— 68, 1897
68, 1895
78, 1894
4is9, 1897

M&B
JAD

1122% 123
112

Bo8t.C. A Fitcbb ,l8t,7s,'89-90JAJ 1111
B. C. F. A N. B., 58, 1910 ..JAJ 113%
N. Betlford RR., 7s, 1894 JAJ tl2lis
Oreg.ACal.— Istes, 1921
JAJ (105
2d mort., 78
.

112t«
lllia
1141a
1231a
107

OrcgonATranscont.- 68,1922MAN '97^8 Va"
Osw.ARome— lat M., 7s, 1915.MA> 1124
Panama— Sterl'K M.. 78. g. '97.AAO Jll3 115"
98
Sinking fund sub., 68, 1910. MAN

Subsidy bonds, Eng. issue, 68... llOi ibs"
40
ParisADec't'r— lstM..7s,g..'92.JAJ
135
Penn.RK.-«en.M,69,cp..l910Q—
Gen'l mort., 6s, reg., 1910. .AAO 134
126
Cons, mort., 68, reg., 1905. .Q—
do
69. coup., 1905. .JAD 126
Collateral trust, 4138, 1913.. JAD 102
JAD 112
Consol. 5s, 1919
no's 112
Penn. Co., 69, reg., 1907. ...Q.—
l8tM.,4i38, 1921.JAJ lOJM 106\
do
Penn.A N.Y.Can.- 1st. 7s, '96. JAD 121
••

l8t mort., 78,

1906

JAD

Pensacola A Atlantic- Ist m..FAA
Peo. Dec. A Ev.— 1st, 68, 1920. JAJ
Incomes, 1920
Evansville Dlv.,lst 68,1920.MA8
income, 1920.
do
Peo.A Pekln Tin.- l8t,68,1921.(^F

AAt

89
109
59
101
190

Cons, raort.. 69. 1913, sterling ..
JAJ 110%
Petersburg -Class A, 1926
AAO 109
Clasa B, 1926
108
JAJ
Phila. A Erie-2d M., 78, 1888.
Gen. M.. guar., 6s, g., 1920. .JAJ 1125
120
l8tM.,78,'97.AAO
SunburvAErie,
Phila. A Read.— Ist, 6s, 1010. JAJ

AAO

2d, 79, '93

113

o9<s|

107% 107J9
60
100

110
109
127
125
129

iizo"

25
JAJ
Debenture fis, 1893
Consol.M.,78.19ll.reg.Aop.JAD 1'28 180
JAD 118
Consol. mort., 68, 1911
107
Improvement mort., 6s, '97. AAO
JAJ 1(:0<«
Gen'l molt., 68, 1909
30
JAJ
Convertible, 78, 1893
MAN 70 75
Cons. 53, lat series
33
FA.\
Cons. 5s, 2d aeries
65
JAJ
Conv. a<y. scrip
30
35
Scrip for 6 deferred "s coui>on8
10
8
Deferred income
Income mort., cons. 78, '96, JAD
25
CoalA I.. guar.,78,'92.ex-op.MAS
PhUa. Wll. A Bait.—«8, 1892.. AAO 1107 100
AAO 115 116
68, 1900
JAD tI07>s 100
58, 1910
JAJ 101% 103
Trust ceru., 48, 1921
65
71
PIttab.Bradf.A d.— lst,68l911AAO

122i«
PIttab.C.A St.U— lst,7a,1900.FA.4
AAO
2d mort., 7s, 1913
Pltt8b.CI.ATol.-l9t, 6s, 1922. AAO
PIttsb.ACon'lUv.— latM.7B,'98.J.W
130
Sterling oona. M.,68,g.,giu»r.JAJ tl'28
Plttsb.Ft.W. A C.-lst,7B,1912 Var 144
JA.I 1401s 141*
2d mort., 7s, 1912

AAO

135

lst,69,1932.JAJ
PIttsb. .McK.A Y
PIttab. J; West.— Ut mort
Portl'iid.^Os'b'g -lal68.g.,l900JAJ
Vt. div.. 1st iT..6s,g.,189l..MAN
Port Royal A Aui;. -l8t,6a, '99. JAJ
JAJ
Income mort.. l^. 1899

65
100
35
103
35

3dinort.,7s.l9l2

In Loudon*

—

V

Coupon

off.

40

F

J

.

.)

THE CHRONICLE.

426

[Vol. XLSl.

GENERAL QUOTATIONS OF STOCKS AND BONDS— Contixitbd.
For Explaaatlons See Notes at Head of First Pa^e of Quotations.
Railroad Bonds.

Ask.

RAILROAD Stocks.

71

& Bl'k R.—Mort, 78, '91. J&J
Ver. & Mass.— Guar, os, 1903 M&N
/loksb. & Mer.— New 1st mort

107
113% 114
95
94
109 110
112
106

2d mort
3d mort., Income
/a.Midland-l8t ser.,6s,1906.M&8
M&S
2d series, 6s, 1911
M&S
3d series, 5-6s, 1916
M&S
4th series, 3-1-.58, 1921
5th series, 58, 1926
M&S

Bid.

Een.&S'toga—lst 78,1921 oou.M&N 146
Kich'd&Allegli— l8t,78, 1920. J& J
Trust Oo. receipts
M&N
2dmort., 68, 1916
Rich'd & Dauv.— Con.,6s,'90..M&N
J&J
General mort., 68, 1915
A&O
Deljemure, 6s, 1927
AA-i
Piedmont Br., 88, 1888Elch. Fred. & Potomac— 68,ext.J&J
J&J
Mort,78, :L881-90..
Bloh. & Petersb., 8s,'84^'86...A&0

1915

J>Jew mort., 7s,

Elchmond York
2d mort., 68
Bocli.& Pitts.,

BXv.

& Clies.,

M&N
8s.

.

M<SiN

1921...F&A

106

Incomes, cumulative

Wabash— 1st,

128
118
100»2 1021a

J&D

115
110

112

Income, 1921
BomeWat'n&O.—8.F.,78,1891.J&1>

115

il7ia

l8t, 6s.

Consol. l8t, 6s,

]

922

do

2d mort.,

1892
58,1922
1932

78,

Consol., 1st ex.

J&J 109

A&O

92
52

9i

521*
Income Ts,
Butlana— Ist M., 6s, 1902. ...M&N 11091^ 109%
90
F&A
Equipment, 2d mort., 5s
Bt. Jo. & Gr. lel'd— lst.guar.68.1925. 109
60
60 ig
2d mort.. Incomes, .5s, 1925

8t.L.Alt.&T.H.— Ist M., 7s, '94.J&J

117

2d mort., pref 78, 1894 .... F&A 112
...M&N 105
2d Income, 78, 1894
..

DiT. bonds, 1891
Bellev.&S.Ill.,l8t,S.F.8s.'96.A&0
Bellcv.& Car.. Ist 6s, 1923. .J&D

Bid.

F&A

Q—
F&A
F&A

Cons. mort.. 7s,1907.oon
Ist. St.L. div.,V8,

Gt West,

1889

Ill.,l8t, 78,

'88

2d, 7s, '93.... M&N
do
Q'ncy &To!.. lst.7a.'90 ...M&N

Han.
50

ext., 7s. '90, ex.

A&O
Mort, 7s, 1879-1909
2d mort., 7s, ext. 1893, ex. .M&N
Equipment 78, 1883
M&N
J&D
Gen., 6s, 1920
Chic. Div., 58, 1910 gold
J&J
Havana Div., 63, 1910
J&J
Indianap. Div., 6s, 19K1 ....J&D
Detroit Div.. 68, 1921
J&J
Quinoy Mo.& P.,l8t,6s, «aar.l909
Cali-oDlv.. 58,1931
J&J

m.&

& Naples,
8.1a.,

118
111
114

1st

M&N

Ist, 78, '88.
fi8,

F&A

1912

8tL.K.C. &N. (r.e8t& R.),78.M&S
1Y3
do Om.Div.,lst7s,1919.A&0
1151s
do Clar. Br., 68, 1919.. F&A
Bt. Louis & I. Mt.— l8t,78. '92,F&A
M&N
1181s
2d mort., 7s, K., 1897...
do No. Mo., 1st, 1895. ..J&J
Ark. Br. 1. gr., M., 78, g., '95.J&D 114
do St Clia's Bridge 6s, 1908
Cairo Ark. & T.,lst,7s,g.,'97.J&D 114
Wab. Fund. 1907- Var. 78. F&A
Various6s
F&A
Cairo & Ful., lst,l.g.,7s,g.,'91. J&J 109'e 110
do
93>2 W.St. L. & P.-IowaD.68. 1921M&8
93
Gen. oon. r'y & 1. g., 5S.1931A&0
Trust Co. receipts
Bt.L.& S.Fran.— 2d, cl.A,1906M&N 110
class B, 1906
M&N
M&N
do claesC, 1906
Bouth Pacific.- Ist M, 1888 .J&J
Kan. C. &Sw., lst,6s,g., 1916.. J&J

2d M.,

Pierre C.

& O.

Ist,

6s

F&A
J&D
J&J
F&A
M&8

Equipment 78. 1895
General mort.. 68, 1931
Trust bonds, 68, Iflao
St. L. W. & W., 68, 1919
8t.L.Vand.&T.H.-l8tM.,7s,'97.J&J

11014

96'fl

103
105
103 3n

120
102
110
2d, 7s,guar., '98
Bt. P. & Dulutli— 1st, 58, 1931. F&A IU8
8t.P.Mlnn.& Man.— l8t 78,1909 J&J 1121a
2d 6s, 1909
A&O 118>s
Dak. Ext.. 68. 1910
M&N
1st consol. 6a, 1933
J&J 12114
Minn's U'n, lot, 68, 1922 ....J&J 116
Bt. P.& Nor. Pac— lst,68, 1923.F&A tll3
Bandusky Mausf.&N.- l8t, 78,1902 tll6
Bav.B'l.&W.-At.&G.,con.78,'97.J&J 119
S.Ga.& Fla., Ist M. 7s, 1899, M&N tll9
90
Boioto Val.— Ist, 7s, slnk'g fd.J&J
2d mort, 78, sink'g fd
A&O 60
Consol. 7s, 1910
J&J 55
Bhenandoan Val. l8t,78,1909.J&J
General mort., 6s, 1921
A&O 28
Bloux 0. & Pac, 1st M., 68,'98.J&J lOHis
Bodng Bay& So.— lst,58,g.,1924 J&J 100 Is
Bo. Carolina— IstM., 68,1920. .A&O 108
2d mort, 68, 1931
J&J
Income 6s, 1931
26%
Bo. Cen. (N.Y.)— Consol. mort., 58..
5'J
8o.Pae,Cal.—l8t,6s,g., 1905-12 A&O IO6I2
Bo. Pao.,Ariz.—lst, 68,1909-10. J&J 104
Bo. Pac. N. M.— I8t, 68, 1911 .J&J IO314
8outliwe8tern(Ga.)— Conv.,7s,188«
Staten Isl. Rapid Trans.- Ist mort. 112
Bummit Br.— Isc. 78, 1903
J&J 103
Bnnb.Haz.&W-B.— l8t,58,1928M&N 106%
2d mort, 68, 1938
M&N
Bnsp.B.&ErleJunc— 1st M.,78
tllO
Byr.Blng.&N.Y.— con801.78,'06A&0
Tex. Cent. -l8t,sk.M.,78,1909M&N
711s
Ist mort., 7s, 1911
M&N 71»a
Texas & New Orleans— lst,7e. F&A
Bablne Div., 1st, 6s. 1912. ..M&S 105
Texas & Pac— 1st, 68, g.l905 M&S
Consol. mort., 68, gold, 1905. J&D
75
Inc. and land gr., reg., 1915. July
39

2d mort.,

78,

1898

M&N
M&N

l8t (Rio Or. Div.), 6s, 1930.. F&A
do
ex Aug. coup.
Gen'l mort.& term'l tis,lao.iA&0

N.O.Pac, Ist 6s, gold, 1920.J&J
lexas&St. Louis— l8t,6s,1910 J&D
Land grant, incomes, 1920
Mo. & Ark. DlT., 1st 68... 1911
Tol.A.Ar.&N.M.— lst,68,1921.M&N
Tol.A.A. AGr.T., l8t,68,191il.J&J

ToL Cln. & St Louis— 1st mort.. ..
Income
Tol.Del'8& B.— Istmain, 6s, 1910
do main line, ino, 68, 1910
T0I.& Ohio Cent— 1st Ss, gu.l935
Tol. P.

&

Beg.

Om.

88,

1893

M&S
M&S

Bridge, sterl. 88, g., '96.A&0
OoUateral trust 68, 1908
J&J
do
5s, 1907.... J&D
Kans. Pac, Ist, 6s, 1895. ...F&A

do IstM., 68, 1896
J&D
do Deny. Div., 68
M&N
do 1st cons. M.,68,1919 M&N
Oregon Short-L., 68, 1922 .. F&A
"y?? Cen.— Ist M.. 6a, g.,1890. J&J
Utah 80., gen. M. 78, 1909... J&J
ao extens'n,lst7s.l»09J&.T

*

A'est'nPenn.- 1st M., 68, '93.. A&O

J&J

Pitts. Br., lat M., 68, '96

121

65
75
33
110

Wheeling & L.Erie— lat. 6s, g., 1910
Wichita & Western- l8t6s....J&J
Wilm. Columbia & Augusta, 6s
Wil.& Weldon—S. F., 5s, g., '96. J&J
vVlscouain Cent— lat 8er., 5s, 1909
2d series, 78, 1909, if earned
Wis. Vallev— 1st, 7s, 1909
J&J
W ore'r & Nashua— 58, '93-95 Var.
Nash. & Rooh.. guar.. 58, '94. A&O
. .

RAII^ROAD STOCKS.
Ala. Gt.

Par
South.— Lim., A., 6s,pref..

88

Lim., B,
2714 Ala. N. O.

com

& Pac,

&c., prel

do
do
def . .
Susqueh., Guar., 7. ..100
Allegheny Valley
50
Atchison Col. & Pacific
Atchison Topeka & Santa Fe. .100
Atlanta & Cliarlotte Air Line

107% Albany &
116
105

Atlantic

&

Pacific

lOi)
.

.

961a

We8t.,l8t 7s, 1917.. .(J—

Cam. & Amb.,mort. 6s. '89.M&N
Union Pacific --l8t,6s,g. ,'96-'99 J&J
Land Grant, 78, 1887-9
A&O

123

A&O
latmort, 78, 1899
A&O
Consol. mort, 6s. 1909
J&J
West Shore guar. 48
Weat'n Ala.— Isc M., 88, '88. ..A&O
A&O
2d mort, 88, guar., '90
*'n Maryl'd— End,l8t,68,1890.J&J
latmort., 6s, 1890
J&J
End.,2dmort, 6s, 1893
J&J
2d mort, pref., 68, 1895
J&J
2d, end. Wash. Co., 68, 1890 J&J
3d, end., 6a, 1900
J&J
W'uNo.Oiirolina-l8t7s,1890.M&N
Consol. 6s, 1911
J&J

iugusta & Savannah, leased. .100
102% Baltimore & Ohio
100
'
do
Ist pref., 6
100
l36
do
2d, oref
Washington Branch
100
Parkersburg Branch
100
Boston & Albany
100
106
Boat. Con. & Montreal., new. ..100
do
Pref., 6... 100
78
Boston Hoosac Tun. & Western
3914 Boston & Lowell
100
59
Boston & Maine
100
5314 5314 Boston & N. Y. Air-Line, pref
Boston & Providence
100
6214 63
Boston Revere Boach & Lynn. 100
72
Brooklj-n Elevated., new
71s
Brooklyn & Montauk
100
42
do
100
Pref
83I3 861a Buff'. N. Y. & Erie, leased
100
101
198
Bufi'aloN. Y. & Philadelphia... 50
do
do
Pref... 50
Burlington C. Rapids & Nortll.. 100

Trust Co. receipts
United Co'sN.J.—Cons.,63,'94.A&0
Sterling mort., 6s, 1894
M&S tU3
do
68,1901
M&8|U'-20

Sink. F., 88, 1893

SVarreu (N.J.)— 2d, 78, 1900 ..A&O
W. Jersey & At. 1st M.,6sl910M&8
1051a West Jersey -1st, 68, 1896
J&J

109'^8 111

105

Cairo & Vlncennea, pref
California Pacific
9714 Camden & Atlantic
do
Pref

Railroad Stocks.

96

112
80

113

Cliieago& Alton
Chicago & Atlantic
Chicago Burlington & Qiuncy..l00
10
15
Chipago & Canada Southern
121
Chicago & East Illinoia
118 117
Chicago & Grand Tnmlt
105
Chicago Milwaukee & St. Paul.KK)
67
70
do
pref., 7. loo
103 104
Chicago * North Western
100
do
731s 75
Pref., 7.. 100
115
Chicago Rock Island & Pao
100
85
Chic St Louis & Pitts
100
104 lei's
do
pref
100
Chic. St. P. Minn. &Om.,com..l00
55
56
do
.100
pref.
891s
Chicago* West Michigan
100
Cln. Blamllton & Dayton
100
do
Pref
89
Cin. Indianap. St. Louie & CliiclOO
80
Cineinuati & Milford
Cincinnati N. O. & Tex. Pac
100
96
Cln. Sandusky & Cleveland
50
IOSI4 119
do
Pref., 6.50
112 114
Cin. Washington & Bait
100
10418 105
do
pref.. 100
95
Oler. Col. Cin. & Indianapolis.. 100
Cleveland & Canton
100
do
do
Pref..
1121a 111. Clev. & Pittstiurgh, guar., 7
50
95
97
Columbus & Xenia, guar., 8
50
Col. Hock. Val. & Tol
100
114
Columbia & GreenvUle,pref
100
103
Concord
50
Concord & Portainoutb,guar.,7 100
Connecticut & Passumpsio
1 00
Connecticut River
1 00
Danbury & Norwalk
50
120
Dayton & Michigan, guar., 3%.. 50
1081s
do
Pref., guar, 8.50
lis
Delaware & Bound Brook
100
1281s
Delaware Lack. & Western
50
116
Denver & New Orleans
10239 102% Denver & Rio Grande
100
106 110
Trust Co. receipts..
do
109
Denver & Rio Grande Western
102 104
Des Moines & Fort Dodge
100 103
Pref..
do
do
100
Det. Lansing & Northern, com .100
1031s 104
do
Pref. 100
do
1031s 104
Dubuque & Sioux City
100
120
East 'Tenneasee Virginia & Ga.lOO
do
Pref.
do
901s 93% Eastern (Mass.)
100
IIS-^B
Eastern in N.
100
115
Eel River
100
Elizabeth Lex. & Big Sandy
100
106% 107
Elmlra & Wllliamaport, 5
50
118 119
do
JPref.,7..50
109
113
Erie & Pittaburg, guar., 7
50
86
90
Evansvllle & Terre Haute
50
43% 44% Fitchburg
100
125% 127
Flint & Pere Marquette
109 111
do
do
Pref
109
111
Fort Wayne & Jackson
do
do
Pret
Fort Worth & Denver C
100
9
8
Galv. Harriab. & San Antonio
3
12
Georgia Pacific
3
!2%
Georgia Railroad & Bank'g Co. 100
1
Grand Rapids & Indiana
t%
138 138
Grand River Valley, guar.. 5.. 100
Green Bay Winona & St Paul.. 100
Pref.... 100
do
89=8 89% Harrisburg P. Mt. J.& L., guar., 7.50
92
91
Houston & Texas Central
100
8I4 Huntingdon & Broad Top
8
50
do
do
Pref... 50
165
170
nilnola Central
100
135
Leased line, 4 p. c 100
do
128
Indiana Bloomington & West'n 100
230
Indian. Decatur & 8p., com
6
7
do
do
Pref... 100
189% 190
Iowa Falls & Sioux City
100
10
15
Jeft'v. Mad. & Ind'p's, leased.. 100
98I4 98% Joliet& Chicago, guar., 7
100
Kansas City Ft Scott & Gulf... 100
127
128
pref.. 100
do
do
192% 193
Kans. City Springf.& Memphis
97
97
Kan. City Clinton & Sprlngf Id. 1 00
189% 190
100
Kentucky Central
127% 128
100
Keokult & Des Moines
29%
100
Lake Erie & Western
10
100
Lake Shore & Mich. So
35
50
Lehigh Valley
100
Little Rock& FortSmith
43s Little Miami, leased, 8 guar.. .. 50
50
8% Little Schuylkill, leased, 7
55%
65
50
Long Island
100
Louisiana & Mo. Riv. Com

87
4

.50 &

Canada Southern

. .

Purchaser also pays accrued interest

42

38

40%

88%
118% 119%
107% 10738
133's 140

125

16'

7

19
7 14

27

105

76% 77
8s% 96
11% 45
15

48

4%

50
5

22

23

151

151

160
32
43
108
118
90

32I4

lOAH

90%
181% 183

62
155
148

150

126I4 126%

21% 22%
li% 17
4

8

10

70
108
6J

75
109

70

2%

2=8
51,

8158
101

)

6

82

101%

45
62
107
78

80

122% 123
18% 19
92

93

20

20

10
175
7

12'

11

10% 16%
26
12
25
I39J4

139%

99
24

24%

70
80
120
80
130
56
45
6
12
82
5

57

71
85
135
58
48

12%
82%
57%

36% 37

159% 160
i

80

89

90

16%
44

39% 40

Pref
Chai-leston

Metropolitan Elevated
Mexican Central
Mexican National

33

33

100 114% 115%
100 200 202
18% 18%
100
128

..100

27%
82%

100
100
25
100
100

do
pref
100
Michigan Central
51
Michigan & Ohio
60
Pref
do
41% Midland of New Jersey
100
35% Mil. Lake Shore & Weat
11%
do
Fret.. ..100
do
100
18% Milwaukee & Northern
.50
11
Mine Hill&S. H. leawd

32

128%
28
S3

34

7% 7%
4%

28

52
55
14

33
11

17%
134
J

16>4

51% 55
1
2%
3% 7%

67% 79

48% 49
41

39%

100
Ohio. 100

Manhattan Beach Co

Memphis &

32

3914

101% 101%
50%
112%

15%

"

do

27

40

56% ManhattKU R'y, consolidated
14% Marq. Houghton & Out

11

127

10% 12%

Pref,

4038 Macon & Augusta
66% 68% Maine Central
17%
Manchester & Lawrence

60

88

8S

, .

& Naahville
New Albany &

7

2

H

Louisville
Louisville

98
143

133% 134

.

50

Ask

5%

90

do

1171s Canadian Pacific

t

Bid.

97
100
100 140

Cheshire, pref

,

100
100
115
Catawissa
50
123
do
lat pref
50
IIOI4 UOis
do
2d pref
50
II6H1 117
Cedar Falls & Minnesota
lOu
lOJia
Central of Georgia
100
1171a 119
Central Iowa
100
do
laturef
100
;i23" 128
do
2dp"ref
100
Central Maasachusetta
100
do
pref. 100
Central of New Jersey
100
112 114
Central Ohio
.50
USifl 115
do
Pref
50
104
Central Pacific
100
lOlifl 102
Charlotte Col. & Aug
100
90
94
Chesapeake & Ohio, common 100
90
do
Ist pref... 100
85
88
do
2d pref.... 100

Price nominal no late tranaat
;
tlons.

Ask

Jtloa

In London.

§

(Juotations per share.

U

20
37

39

66% 68
i

64

Coupon off.

%

.

April

J

.

5

.

THE CHRONICLE.

8, 1886.]

427

GEMKR.VL QUOTATIONS OP STOCKS AND BONDS— Continobo.
Par BzpUnatlooa Ha» Note* at Hamt af rirM Pac* of Qactatloaa.
Railroad Stocks.

A

do

Pref

100

. .

.

vVll.

17
40

19

VlHOonsiu Ceutral .
26°8|
Pref
do

K»ii.JiTox.l(H)

.

Voro'terANashua. 100

100 >« 107
12
IS
137>« 140
irii.,7.r>o
45 14 48
V St. L.25
160
.11.. 100 150

Ml.sKoiirl I»a<'lllo..-100

Caesap.

,

N

Conu

... .i.Jk

do

du

Kew

Jersey

A

New

Pref.
Jersi^v Coiitliyni.

2i

iHl Ptt.D.cp.,78,.MAS
I.ehigh Navigation-

.

do

Pref. 100

B.Y.AN.EnKlaud.KX)
do

Pri'f.lOO

N.Y.N H.& H.»rtf.lOOi
N.Y.Ont.A West. 100]
K. Y. Peim. AOIilo

do

7»fl

15%

15

Oons.M.,19il78jAD
I'enn.— (i«. ooup., 1910

Uifl^

20 ^

20

17%

68,imi>.,cp.,'80MAN

6s,btAear,1913MAN
7s,btAcar,1915MAN
iusq.— 6s,cp.,191'jJA,l
78. coup., 1902.. JAJ

...

Pref.

B.Y. Prov. & Host. 100
N.Y. 8us(|. & Wcitcrn.
do
Pref.
N.Y. West Shore &B..
Korf.&\Vc8t„ eom.lOO
pref. 100
do

7

CANAL STOCKS.

21% 22

Del.

2!)8

28>4 28%
77
No. Peuiis)"lvauta..50
Northern Central ... 50 'Vsifl
NortU'n N. Uanip. 100 126
25 >s
Nonh'n Pac, coin. 100 25
PrelMOO 55's 56%
do
Norw.A Worcester. 100 17a 180
18
20
OKd. & 1.. Champ. 100
Ikl
100
1%
Ohio Central

Morris, guar.,
j

2%

A

do
Pref....
Pltt8.Ft.W.&C.,t'iiar.7
Pltt8biir« i.t Western..
Port.Saco APort.f ,!9d 6
Port Royal Sc Aujjusta
Ports. Gt.F.<S: Con. lOo

Prov. & Worc'ster.lOO
Bens. & Saratoga. 100
Bloh. & Alleg., stock.

F.& P., com. 100

Bloh.

do
do
Rich.

A:

West Point

RlcUmoud York K.&O.

Rochester & Pitts. 100
Borne W. A Ogd. 100
Rutland
100
do Pref., 7. .100
%t. Joseph A O'd fsl'd
et.Louts Alt. A T. H. 100
.

do

.

31'-2

32I3

95

3H

25

36

\

Pref. 100
San Fr. 100

ioston Water Power..
Jrookliue (Mass.)L'd5
JantouCo. (Bait. 1.100
'nv. A Cin. Bridge, pf.

Keeley Motor
Javerick Land

A Pacittc 100
A St.L. in Texas
do
in .Mo. A Ark.
Tol. Cin. A St. Louis ..
Xol. A Ohio Central...
do
Pref.
U.N.J. RR AC. Co. 100
Teixas
Texsfi

.

. .

Hampshire Land 25
V,Y.ATex.L<l.,Lim. 50
Land scrip
Vo. Riv., cons. 100 p.o.
)regon Improvement
Jresjim Ry.AN.Co.lOO

30
43
91

tJolon Pacitlo
100
Utah Central
lOO
Vt.A Mass.. I'sed.e. 100
Tloksb. A Meridian ...

I2ie

12318

14

16

Paeilic Mail 88. Co. 100
?ullin'n Palace CarlOO

"36
218

137

3

COAL & iniNING
STOCKS, N.V.

Cauioron C.»al
50
C*nt..Arizona Mln.lOO
Colorado Coal A T.lOO
Consol.Coal of Md. 100
Homestake Miu'g.lOO
.Maryland Coal
100
New Central Coal ..
Ontario Sil. Miu'g.lOO
Pennsylvania Coal. 50
Quicksilver Mln'g.lOO

do

pref

EXPRESS ST'CKS
100

9i«,

17

un

I

TEL'PH STOCKS
AND BU.\DS.
Ain.-r. Uist. Tel ..

American
Anii^riean

19

125

lOO!
United States
100|
Wells. Fargo A Co. lOOi

100
Tel. A Cable
Rapid
16
Atlantic A Pacidc at'k
1014 Bank's A Merch'ts. 100
41a

16

r

pref. cortirtcates

Louis Tunnel RR.
It. Louis Transfer Co
''taud. Water Meter..
Onion St'k Yds.ATr.Co

14o. Adams
22^ American

49%

6iaj

Westch. A Phlla.. pf.50'
50' "54"
West Jersey
WestJerwv.* Atlantic ' 48
Frio* aoudnoi

2d
St.

I

136

_
Warr'n(N.J.),lVd,7.50

Louis B'dge, 1st pref

i

49>4

do
pref...
Irglnla .\ridland
W»b. St. L. A Pac. 100
do
Pref. 100

St.

319
!2o.

10

f.E.Mtg.Secur.lBost.,

18
Louis A,
21
do Pref....lOOi 42)4 43>s
99
do Istpref.lOO
102
8
St. L. Van. & 1. H
52
Bt. Foul A Uuluth.lOO
52's!
do
Pre MOO 107 "i 1091a
Bt. P..Minn. & Man. 100 114
116
Boloto Valley
6
Beab'd &. Roanoke 100
do
Guar.. 100
South Carolina
100
So. A No. Al.ibama...
2
So. Paciflc Co
36
100
361a
B'weet., oa., g'd, 7.100
BjT. Ring. A N. Y.lOO
»«« 10
Summit Branch, Pa. .50
Xerre H. & Ind'uap.50
Texas A N. O
100
Bt.

05
67
120

45

Di>ll)e.ir

50
50

Globe

.

lom

101

Ist mortgiige
Reoeivera' certs

General mortgage...
Baltimore A Ohio
C.nt. .fe .80. Am. Cable

late nansaotlons.

78

187

•a

i'56% 'soas ,|New York
1

311a

Alice

32"

Alta Montana
Amie

A Penn

10

90o.

95

i

j

Dunkin
Eureka Consol
Father De Smet

A

T(ilo.lO

lifli

100

125

t

A

107

\

738
O'e!

108
128
145
120
100

480
100 370
lOn 480

A BU'KLYN
HOUSE BUS.

1'8

30
114
200
Broadway A 7th Av...
Ist mort., 5s, 1901.. 100
2d mort.. 58, 1914... 100
B'way Suif., gii. 5b,'21 100
Guar., 58. 1905

j

2
100

250.

Purchaser also pays aoorued Interest.

100
20
10

Little Chief
Little Pitts

50

112

A Silv.lOO

125

Mexican G.
Navalo
Ophir

100
10
100

Potosi

500

Sappahauock
Bed Elephant

1

10
50

2^0O
2^0O

35
118
235

•60

2^25
•08
•25
•20
•22

•35
•75
•60
•12

1

Standard
Union C(niaol

100
100

•80
•40

.50

•30

•50

8pring Valley

100

•10
•30

•14
•06
•85
•lO
•25

105
•60

BOSTON MINING
STOCKS.;

1
AUouez
25
10«» 10^
25
Mlantio
6
Brunsw'k .Antimony.
Calumet A Heota...25 330 231

jQuincy
Ridge

10
25
50
25
25
25
25
25
25
25
25

Tmiar*nk

25

Catalpa Silver
Central

Copper Falls
Franklin
;

Huron

{Minnesota
National
Osceola

Pewabis

.

.

.

t

•70

•HO
•50
li5
•10

Robinson Consol..

. . .

.

2 80

10

'

.

100

2-.10

Lead ville Consol

Brooklyn City
1st niort., 5s, 1902.
Brooklyn Croastown.

50c.

100

Horn Silver
Lvirosse

205' 221
106 110
163 175
112
105
1st mart., 78, 18S8.
BnshwickAv. (Bklyu.) 162 167
27I11
165
Central Croastown... 160
23
23
115 120
4Si^!k Ist mort., 68, 1922.
yd"*:
138
Ht2i Central Pk.N A E.Riv.
5l3a ''^' Consol. M., 78, 1902
122" 125
133
131
135
Christopher A 1 0th St. 130
109
;107
110 116
Bonds, 7s, 1898
53
;51
1:10
DryDk.E.B.A Battery
113
tllO
115
'93
112
Ist
.M.,
consol.
78,
75
70
106 109
Scrip 63, 1914
140,
12c,
240 260
Eighth Avenue
158 166
107 110
Scrip 6a, 1914
42d* Grand St. F'y. 245 260
112 117
Ist mort., 7s, 1893.
16;'i
16
40
38
42d8t.Man.ASt.N.Av
109 110
25"
Ist mort.. 6s
'2i%
6't
2.1
50
Inc.,
6s
...
2lia 28
Houat.W.at.A Pav. F'y 155 158
17
17
116
113
Istmort.,
7a,
1891..
10>a 13
140
135
r.i'2 Ninth Avenue
lOifl
Second Avenue
200 '204
29
29
108
Ist mort., 58, 1910.. 106
105
OousuL 78, 1888
7
4
210 220
Sixth Avenue
20
22 >a
115
Ist mort., 7s, 1890.. 110
31i>
320
Third Avenue
113
145 14S
Ist mort., 78, 1890.. 111
Twenty-Third St.
250 255
105 la 106
6">
114
62
1st mort.. 7», 1893.. 112
119 122
CAS STOCKS.
Bait. Consjl. Gas
46% 47
Boston Gasliglit
500 8*5 375
3nia 40
East Boaton
25
R)xhu!T
100 199% 200
64 la 67
iouth Boston
100 no 115
Broi>kline, .Mass.
55
100 ii3>a 114
45
155%
3
Cambridge, Mass. 100 155
i
OheUea, Mass
100 103 103 la
Dorchester, .Mass 100 1071a 103
135
Jatnaioa Prn,Ma88t00 132
142
Lawrence, Mass... 100 111
Lowell
100 19.1 191

95

•30
1-13

•05

31erra Nevada
Silver Cliff

5'a
7i« BleeokerSt.A Fult.F'y
1st mort.. 7s. 1900..
7

4
61

3l2

60
190

•.%5

100

100
Gould A Curry 8.. 100
Green Mountaiu
10
Hale A Norcross. .100
Iron Silver

,N.Y.
5

l-SO
•S8

94
210 223

•40

100
100

..

Independenoe

101
225
350
400

Trust. 100

United states

•52

Goodshaw

13

Union

•04

Gold Stripe

United States

N.Y. Life

133

100
100
lOU

Daft
Edison
Edison Illuminating..

Telegr.

1022 Ellison Isolated
Swan Inciiudesoent...
IO8I9 inaii
^, Sawyor-Manu lU. Co..

"

lOi)

Bodle

Consol. Electric Light.

I.

ELGCTKIC
LIGHT STOCKS.

I.

Belle Isle

Caledonia B. H
Consol. Califomla.lOO
Chrysolite
50
Ohollar
100
Consol. Paclflo
100
Crown Point
100

hW.

•25
•03

100

Bulwer

1

100
Brush
Brush IUuminat')jlOO

irt'j

10

Basslck
Beobtel

Southern Bell
Southern N. England.
10
Tropical

116

100

Barcelona

ilPeoples
!

140

GOLD4l:SIL\''BK
raiNING .STOCKiti
(N. Y. A SAN. FRAN.)

N. Y. Stale Overland.

9

ill

160

I

114

New England
Now York A N.J

"a

1.

N. Orleans G.L. ..100 101 la 10«
62
Portland, .Me., O.L.50
«8
9t. Ivouls G. L
50 }27.)
Laclede, St. I.«uls.lOO S90
92
45
50
OaroiKlelet.St.IxmlsSO
271b San Kraii'-iseo G. L..
1
Wash't<m (;ityG. L.20
38% 39

100

.Metropolitan
.Mexican
.Molecular

40

V

<

27 14

15M

30
100
60
50
N.Y. 100 110
E.,.,,, ...... .\;. Y
158
Mutual of N. Y....100 137

6718,

122

Tennessee

Hudson River

15

..-

i>bok'n"20

156

Krie

STOCKS,

25
6
26

5>s

Mouth'u A Atlantic. '25
Western Unlm....l00
1(1.

J

l>a

18

-

f.

25

40
12

Company—

Vmer. BaukNotcCo..
Vspinwall Land
10
Soston Laud
10

150

90

I

'IISC'LL.ANROCS

77I11

KJl

U

mort. b'd»

lOiist

"46"

H. L. Bridge A Tun—
l8t. 78,g.. 1929.AAO tl31

ttO

I:

70

Co

I

9

Richmond & P'b'g.lOO

:.ible

QQi.,' United 8Ute8 Ul. Co..
1910, J.AD,
* TKtJST C«.'S
1reg.R.A N.lst.Os.JAJ II2I3 '-13
STOCKS, N.V.
il06
Debenture 7s, 1887.
Loan A frust.lOO
Am.
Con. 58 1925 J.AD.. 106%il07i4 Brooklyn irust
25
100
reuu.C.Ar.,o.>n.6fl
100
Central
93
South Pitts, let, 6a..
Farmers' Loan A Tr.25
'ullm'n Palace Car—
Kniokorboeker
3d series, 83,'87FAA llO5isU06
100
Long Island
4th do
83,'92FAA tU5i,t 116
100
.Mercantile
Deb'ut're,78,'88-AAO 110514, lOJia Metropolitan
Stlg, 78,ff..l885 AAO
N. Y. Guar. A Ind..lOO

66
133

Guar. 7.1001 145
do 6

91

1st, 6a

.

Blohmoud c&Dauv.lOO

V

...

131>j
9lia American B.U ...100
.\mor. Speaking... 100
Colombia A Pan.. .100
CiimerTel. Bell ...
75

JAJ 102

itanposa— 7s,'86
Or. Imp.

15

5
77I3

120

I

MAS

,.

M .V N
TELKiMIONE
STOCKS.

I

5s, 5 yeai-s

i,

78. 19

68....
:;antou(Balt.)— £68,K.,

Hend'uBi-ldge0s,l93l

,

Mo. Ti^l., 1st

BONDS.

Un. RR.Ist, end.,68.
do 2d,end. 68,g.MAN
Col.CoalA Iron— let. 6s
Cov.ACin.Bge. 58,3-5y

tiUI

\t..lr..u..

HHi
.

Gas Light

Moit.68,g., 1904

Af

87

69
H»

I1..IOO

120
137

UISC'LL.ANKOCJS

124 >«

65
130

100

102

iMl.l.l

Aak.

UO il5' 120

do pf.,guar.l0..100 iso'
50
50
do pref. 50
do
dusquehanna
50
Salt.

4

124

4

98

100
Vu. Tel,
''•'n 0»...

Pennsylvania
JchuylklU Nav

23
21
100
Pref. 100
do
15% 15%
Ohio Southern
100
100 lei^fl 165
Old Colony
ii>fl
100 ;ii
OreKon& Calif
22
do
Pref... 100 to.
22
22
Oregon Short Line
2779 23
Oregon Traus-Coiit
Oswuito .t Syr., guar.. 122
Panama
100
Peuii.sylvania RK. .50i { 5J>i 53%!
7
Penf^aoola & Atlantic.
Peoria Dec. & Ev..lO0l 223g 22 "si
60
62
Petersburg
lOOl
Fhlla. A lirle
50; 5 21
24i« 24 >s
Phlla. & Reading... 50
13
do
Pref. ...50 i 12
66 !« 67
Phlla. Wiliu.& Balt.SOi

&

100

33

lal

l>el.

Ohlo&Miss

Pttt«. Ciu.
St. L..50i
Flttg.
Con., I'aed.SO

A Hudson

Uiv. Icaaod, 8..50
Ijehigh Navigation.. 50

10

9

!0H

88

iiion

I897.q-M 101%
73
2d M. ,6s, 1907.. JAJ
40
Mort. 68, cp., '95 JAJ

1838

101

Bid.

102 1« 1C3

..23

look.

es

l8t".M.,<>8,

34 >3
122

34>4

121

iL/nn. .Mass., O.L.. 100

29

SchuvlkillNav.—

5!)i«

HUOKLLARBOm.

40

125

68,K..cp.Arg..'97JAI>

213
10.^

28
124

18

4ii!«, 1914 .....Q—
112%
120
RK. (is, reg.. '97.1J-F
Cony 6a,g.rg.'9lMA.S iii"

H.Klv.lOO 102;* 102 >s

N.Y.CUlo.&8t.I-...l'iO
Pret.lOO
do
K. Y. 4 nailBiii ....^0
M.Y.L.A-\V..Kiiur.5.100
K.Y.L.Krle.V West 100

A«k.

30

100

ISigl

A H,— 78.

'yLJA.!
Istext., 1891..M.\iN
Couii. 78. 1891. A AO

l>ei.

Bid.

T0I. Co.

1.50

A Delaware—

Isl mort., 6». '86 J.l-J

N. Loml.&North'iilOO
N.Y.tkiiil..fe

>l

hes.AO.— (is, '70.0. -J

ly.

prel
N. Y. ..

do

Ml«"»f,ljk!»»O0».

11
lil
ll4>a 116

CANAL BUNDS.

100

Mi>l>ilc>,v Oliiii

Columbia A Aug
AWeldoii.7.100

ATllm.

43

A8k.

Bid.

Western Maryland..

I'ON'i'INL'KU.
at. L..100

UluncHi).
Mli««i>'l

MiSOELLANKOUa.

A<k.

Bid.

NTOrKN.

Kit.

In London.

300.

10
"13

2%

3S«b

IS

13%
2%

500.

1

13 1*
2

16

SO

81

3

3.)0.

8O0.

94

97

Am. Linen
Amory (N.

100

Amoskeag

20.'>5

628
100
2J8

BIANIIF.VCT'INO
.STOCKS.
(Fall Biv.)
100
H.)
(N.H.) 1000
Andro.scog'n (Me. 1.100
Appleton (Mass.). 1000

.Atlantic (.Ma.S8.)...100
Barnaby (Fall Riv.)
Barnard Mfg. (P. R.)..

100
Bates (Mo.l
Boott Cot. (Mass.) 1000
Border City .Mfg. (F.R.)
Boston Co. (Mass.) 1000
100
Bostini Belting
Bost.

Chaoe

Duck

(Jfa93.)7(X)
(Fall Riv.) .100

ChicoiMie (.Mass.) ..100
Cocheco (N.H.).. ..500
Collins Co. (Conn.). .10
Oontlnenta'. .Me.). 100
Cres't Mills (F. R.) 100
Crystal Spr. Bl.lF.B.).
Darol Mills (F. B.) 100

no
800

97%
120
1440
105
10 '>0
156

795

Franklin

(.Me.)....

100
100

I (}uotollo>

100

125
14S
110
10«
157
300

90

112

114

530

350
8

8
63

64
6ft

87
Dougl's Axe (HiM8)100
Dwigbt (Mass.). ..500 595
68
100
(Mass.)...
Everett
Fall BIT. IrooW. .100
Machine
Co..
100
F.R.
F. R. Merino Co... 100
Flint Mills (F. R.)

111

815

102% 103

68
90'
600\
70
109

75

96% 97

par shaia.

5

'

THE CHRONICLE.

428

fVOL.

XOI.

GENERAL QUOTATIONS OF STOCKS AND BONDS—Concluded.
For EKpIaaatIon« See
Mining Stocks.

Bid.

Gl'be Y.Mills(F.E.)100
Gran1re(F.R.)....1000

105

Great Falls (N. H.)100
Hamilton (Mass.) 1000
Hartf. Carpet (Ct.)lOO
100
Hill (Me)
Del. DiT.— 68. '98.J&J
Holyolfe W.Power. 100
Jackson (N. H.)..1000
King Philip (F. R.) 100
400
Ijacoma(Me)
Lancaster M.(N.H)400

2250 Security
205
71

200
1050

Traders'

7.06(1

Tremont

105

Onion
Washington
Webster

445

200

350
PaoiHo (Mass.)... 1000 1612
Pepperell(Me.)
500 1070
(F. R.)...100

Rich. Bord'u(F.R.) 100
Robeson (F. Riv.) 1000
Sagamore (F. Riv.) 100
Salmon Fall8(N.n.)300 285

M

Sandw.Glas8(Ma8S.)80
Shove (PallKiv.). 100
Sialic (Pall Riv.).. 100
Stafford (Fall Riv.) 100
Starn Mills (N.n.)lOOO 1030
Tecumseh (F. R.).100

Thomdlkc(Mas8.)1000 860
TreraontAS.(?.I.a83)100 110
Troy C. <s W.(F.R.I 500
Union C.Mr. (F.K.) 100 193
Wampanoag(F.R.) 100 120

Weed Sew. M'e
Weetaraoe

3

(Ct.)25

R.)100
Wlllim'tic Linen(Ct)25

York Co.

BANK

(P.

46
750 850

(Me.)

Siiftolk

206

5 75

Newmarket

Wa8liingt'n(Mas8.)100

100
100
100
100
100
100
100
100

state

Third Nat

NarraKau8'tt(F.R,)100
Nashua (N. H.)....500 450
Nanmkeag (Mas8.)103 92
N. E. Glass (Mass.)375 x80

Pocasset

100
100
100

esH 6BH lUawnint.
640
3hoe& Leather. ...100

630
2U0
70

Metacomet
Middlesex

Stocks.

leoond Nat

450
585
85
L'rel Lake Mills (F.R.)
Lawrence (Ma88.)1000 1495' 1500
790
780
690
Lowell (Mass)
Lowell Bleacliery.200 237 240
Lowell Macli. Shop. 500 855 875
76»2
Lyman M. (Mass.). 100 70
Manchester (N.H.) 100 133 136
960
1000 950
Mass. Cotton
85
Mechanics' (F. R.) 100
115
Merchants' (F. R.) 100
Merriuiack(Mas9)1000 1400 1410
(F.R.) .100
(Mass.). 100

BANK

Ask.

!Vote« at

210
HO
4

55
93

85
355
1615
1075

50
65
110
290
53
85
65
105
1040
90

880
111
7.50

199
130
3ifl

60
50
855

STOCKS.

Baltimore.
Bank of Baltimore 100 140
Bank of Commerce. 15 15

Head of

Bid.

Ask.

151
177
120
99
122
114
98
ICO
111
141
132
106

153
180
122
100
124
116

mo
101
113
143
133
108

Brooklyn
128
310
140
300
130
115
128
50 200
100 200

100
50
40
50
60
100

Brooklyn
First National
Fulton
aty National

Commercial
Long Island
Manufacturers'
Mechanics'

Nassau

150
120

210
210

Cbarleston.
B'kof Cha8.(NBA)100 10414
First Nat. Chas.. .100 200
People's National. 100 195
Clilcago.
100 140
Chicago Nat
Oomnicrcial Nat. 100 145
Continental Nat... 100 120
100 210
First National
Hide and Leather.lOO 140
.Merchants' Nat.. .100 360
Metropolitan Nat. 10' 150
. .

Na'. Bk. of Amer..l00
Nat. B'kof rillnois.lOd

Northwestera Nat. 100
Union NAtional... .10(1
On.Stock Y'ds Nat.lOO

Cincinnati.
98
140

Citizens' National

Commercial Bank

256'
1«5

First National

Fourth Natumal
German National

98

iVo"

130

Merchants' National.. 1341s 135'
105
Metropolitan Nat
Nat. Lat. & Bk. of Com. 26715

90

CJueen City National..
Second Nat ional

Farmers' B'k of Md 30
Farmers' & Morch. .40
Farmcrs'&Planter8'25
.

German American
Howard

60
]

Marine

30
Meclianics'
10
Merchants'
100
National Exch'ge. 100
People's
25
Second National ..100
Third National.... 100
Union
75
Western
20

191s
1231s

20

34
561s
4514

I60" 165
125
Third National
127
107
Union Nat
108
Western German Bank 220

Hartford.
^tnaNat
100

si's

Blackstone
Boston Nat
Boylston

Broadway
Bunker Hill
Central
City

Columbian

Commerce
Commonwealth

...100

Continental

100
100
EUot
100
Everett
loc
Exchange
100
Faneuil Hall
IOC
First National
100
First Ward
100
Fourth National.. 100
Freeraans'
100
Globe
100
Hamilton
100
gido* Leather... 100
oward
loo
Lincoln
loo
Eagle

Manufacturers'.. .100
Market
100

Market(Brighton).100
Massachusetts
250
Maverick
100
Mechanics' (So. B.)100
Merchandise
100
Merchants'
100
Metropolitan
100
Monument
100
Mt. Vernon
lOO

New England

gorth
North America
Old Boston
People's

Redemption
Bepubllo
5?je!-e.

Jtockland

b

.

iloeuouinal;

Bank

City

100
100
100
100
100
100
100
100
100
100
100

Nat

of LouisvilielOO
32 13 Citizens' National. 10(

Boston.lf
Atlantic
Atlas

American Nat

100
Hartford Nat
100
112
Mercantile Nat
100
Ills
Satlonal
Exchange.
50
38
40
100
1318 131s PUcenix Nat
State
100
133
United States
100
122
20
liOUisTllIe.
201s
150
B'nk of Com luerce
106
Bank of Kentucky 100
101

135

137

1,!3

in

114

115
121
129

120
128
100
187
105
1L4
130
121

116
117
112
124
98
120
133
207
117
109
105
100
124
118
115
104
100
100
133
102

220
127
100
142
110

210
136
100 147
100 132
100 105
50 61
100 156
loO 123
100 137
100 124
loo 133

18U
107
115
132
123
118
118
113
126
100
122
134

210
119

HI

:o7
lOJ
125
119
116
106
:oi
100 la
135
103
223
129
101
143
111
213
138
150
131
106
62
158
125
139
126
135

Nat

105

65
134
100
200

70
102'

115

118

1541s 1551.)

81
121

100 1191s 120 Is
97
98
109 114

Falls City TobaocolOO
Farmers' of Ky ...100
Farinera' & Drov..lOO
First Nat
100
German Ins. Co. 'a. 100

Qennan
German

101
162
100

79
120

100
National. 100

Kentucky Nat

100

Louisv. Banking Co.40
.Masonic
100
Merchants' Nat. ..100
Northern of Ky ...100
People'8 Bank

loo's

160
120
132
110
138
220

105

',06

100 110
Security
100 157
Third National .... 100 127
Western
100 112

112
162
12U

Nenr Orleans.
Banking.. 100 13251 137
100 45
47
100 132
100 141) iXo'
lx)ui,siana Nat.. .. 100 I15I2 118
<te

Citizens'

Germania Nat
HiberniaNat

II7I4 120

.^Ictropolitan

Mutual Nat

New Orleans

100

lltiis

Nat.. 100 310

People's
State Nat

Union Nat

50
50
52
100 99 14 100
100 lOi 1031s

Neiv Ifork.
.America

100 166
American Excli'gelOO 133
Broadway
25 275
Butchers'* Drover825 1521s
Ceutral National.. 100 119
Chase National
100 150
Chatham
25 tl7ii
Chemical
100 2800
City
100 260
Citizens
25 115
Commerce
100 167
Continental
100 110
Corn Exchange ...100 184
East River
25 115
Eleventh Ward
25 110
First National
100 lOnO

nolate ttangaotlons.

}

Last price this week.

170

285
160
122

..

..

lOS

160

47
112

1S5
155
160
I '23

175

140

115

ITIe.

26

Nat
100
Merchants' Nat. ..10

25
137
1121s

85
Nat. Bk of VIrginialOOi
Planters' Nat
100 1371s
Stale Bank of Va.lOO 106
St. Lonis.

B'kof Coiiiuicrc,e..lOO
Coinmcrclai
100
Contimntal
100
100
Piaiikliu
Fourth National ..100
rnternational
100
Meclianics'
100
Merchants' Nat ...100
St. Louis National. 100
Third National
100

San Francisco.
AnKto-Califoriila
Bank of California
First Nat. Gold.... 100
Paoitlc

45 5

310
135
160
235
90
115
101
125

106

55%
164
222
150

FIRE INSllU'CE
STOCKS.

Baltimore.
Associate Firemen's.
Baltimore Fire Ins. 10
Firemen's Insur'ce .18
Howard Fire
5
Maryland Fire
10

Merchants' Mutual. 50
118
10
18518 National PIre

7h
31
20
71s

4

65
41s

Boston.
P.

cfe

M. .100

124

100

145

Boston
KJnotation per share.

||

98

xl27
xl80

185

33
112
135

3Big

116
140
95
104
103

x90
North American ..100 xlOl
Prescott
100 xlOO
Shoe & Leather. ..100
85
Washington
98
100

Cincinnati.
Amazon(new stock) 20
20
25
Citizens'
20
Commercial
25
Eagle
KM)
Enterprise
20
Eureka
20
Fidelity
100
Firemen's
20
Germania
20
Globe
20
Merchants'* Manuf 20
Miami Valley
50
National
100
Security
100
Washington
20
Western
25

Hartford,
«tua Fire

1.50

306

90
100

85
90
150
115

210
100
55
180
100

50
170
97

1.50

"95'

100
105

100
185
75
145

85
130
175

125

170

Conn
loO
100
100
100
100
100
50

237
115
285
135
80
185
96

239
118
295
140
83
190
105

Commercial Union. £5
16
Guardian
50 65
Imperial Fire
25 153

161

Connecticut
Hartford
National
Orient
Phosnlx

I.ondon,

First

AmericKn

100"
99
130

Steam Boiler

J

Columbian
100 102 108
63
65
Commercial Nat
50
33
Ooinmonwoalth Nat 50
35
69
Consolidation Nat.. 30
70
Com Exchange Nat. 50 621s
Eighth Nat
100 270
FirstNat
100 218 232
Farmers'&Mech.N.lOO 158 l(i0
Girard National
94
40 93
Kensington Nat.
95
50 90
112
Mauufact'r'rs'Nat.lOO no
131
Mechanics' Nat.... 100 128
135
140
Merchants' Nat
54
56
Nat. B'k Commerce. 50
Nat.B'kGcrmant'n-50 1(0 135
Nat.B'kN. Liberties .50 170 175
Nat. B'k Republic. 100 125
L21
National Security. 100 120
115
Ninth Nat. Bank.
Penn National
50 73
People's
100 175
245
Philadelphia Nat. .100 228
Second Nat
100 124
98
105
Seventh Nat
100
Sixth Nat
100 120 125
Southwark Nat
50 120 ,125
Spring Garden
100 102 105
110 1115
Ttinth Niit. Bank
Third Nat
100 110 115
80
Union Nat
50 70
Western Nat
50 10^ 100
West Philadelphia.lOO 115 120

Bant

Ask.

97

Cincinnati

325

City

Bid.

Aurora

B'k of N. America 100 318
Centennial Nat
100 140
Central National.. 100 300
l^ity National
,50

Portlandj

Insurance Stocks.
Boylston
100
Dwelling House. ..100
Eliot
100
Firemen's
100
Manufacturers'. ..100
Mass. Mutual
100
Mercantile F. & M.lOO
Neptune P. & M. lOO
. .

....

130

Richmond, Va
125

Ask.

130

125
1105
201

Cumberland Nat.. .40 49
CanalNat
100 167
CascoNat
100 148
FirstNat
100 118
13*12 Merchants' Nat
75 121
National Traders'. 100 140

137
123

Canal

101
135

1U2

IJtf

Second Nat

157
145
105
121
150

.

"95"

First

Farmers'.. 100

Bid.

100 1271s
30 no
Fifth Avenue
100 375
Gallatin National ...50 190
Garfleld
100 145
German American. .75 105
Germania
100 165
Greenwich
25 105
Hanover
100 145
Importers' & Tr-..100 270
Irving
50 1331*
Leather Manuft8..100 172
Manhattan
50 [155
Market
100 150
Mechanics'
25 15714
Mechanics' & Tr.. .25 115
Mercantile
100 124
Merchants'
50 !132
Merchants' Exoh'ge50 103
Metropolitan
100
441s
Nassau
50 125
New York
100 195
N. Y. Nat. Exch'gelOO 109
New York County. 100 200
. .

Philadelphia.

Cincinuafi .National...

Franklin

&

Bank Stocks.
Fourth National.
Fulton

150
Pacific
50
150
Park
100
120 "s People's
25
220
Phenix
20
Republic
100
Second National. .IOC
Seventh Ward
100
Shoe & I^eather
1371s 140
100
1.-6
9t.NicIiola8
100
600
Statoof N. Y
100
150
Tradesmen's
40
200 215
United States Nat.lOO

Hr8t Nat. of Bait. .lOd 132

Com.

Pa^e or Qaotations.

Ninth National. ...100 ;120
North America
70 120
North River
30 115
Oriental
25 175

115
120
70
50
75
Charter Oak Nat.. 100 134 140
60
City
100
62
47 13 50
Oonneoticut River 50
Far. & Mech. Nat. 100 110
112

10

Citizens'

First

Engt;,

Lancashire F. & L. ,25
Loudon As8.Corp.12is
& I»nd. &Globe.2
North'u Fire * Life ..5
North Brit. & Mor. 8%
Liv.

Queen Fire & Life.. .1
Royal Insurance
3
Nenr Orleans.
Crescent Mutual
i actors' and Traders'.
Firemen's

17
67

4S

5I4

54
28
48
35

56
29

50
36

2'

3

33

34
52>i

80

85

65ifl

Germania

120
100 13 105
271.2 29

Hibernia

Home
Hope

I0319

Lafayette
Merchants' Mutual ...
Mechanics' & Traders
New Orleans Ins. A.S8'n
New Orleans Ins. Co
.

"76"

65
54
110

60
112

2II4

37

39

People's

Sun Mutual

:

130

Teutonla

1221s

flew Ifork.
American
50
American Exoh...lOO
Bowery
25
Broadway
25
Brooklyn
17
Citizens'
20
City
70

150
95
140
165
175
115

115
100 115
50 30
100 210
51
40 245
169
100
83
150
30
75
150
.50 109
123
17
86
German-American 100 235
142
Germania
50 124
Glolie
50 108
Greenwich.. ..:. ...25 2i)0
145
100
Guardian
70
Hamilton
15 108
Hanover
50 125
100 130
Home
107
Howard
40 70
Jefferson
30 117
Kings Co. (B'kiyn) .20 '.Lis
Knickerbocker
30
85
Lafayette (B'kiyn) .50
83
Long Isl'd (B'kiyn). 50 85
JIanuf. & Buililers'lOO 1C8
100
Mech. & Traders'... 25
35
Mechanics' (B'klyn)50
75
Mercantile
50
53
Merchants'
50 110
Moutauk (B'kiyn).. 50 90
Nassau (B'kiyn).... 50 145
56^ National
37% 85
35 leo
N. Y. Equitable
136" New York Fire.... 100
70
170
Nia,gara
50 145
North River
25 103
Pacific
25 160
Park
100 100
Peter Cooper
20 150
50 100
32I4 People's
Phenix (B'kiyn) .....5<i 135
22
Rutgers'
25 115
S-s Standard
50
95
100
65
Star
10(1
50
Sterling
25 110
Stuj'vesant.,..
25 133
United States
10 120
127
Westchester
4:
WilUaiiubarg City. .50 230

155

100
145
175
190
125
120
123
35
215
251

Clinton

(Commercial
Continental
Eagle
Empire City
Excliange
Parragnt
Firemen's

Assessment paid.

H All ex-divldend

90
100
115
93
260
128
115

225
75
112
130
135

75
123

225
90
88
95
113
45
80
63
115
100
150

90
I

166

75
153
110
166
105
160
110
140
125
104
70
60
115
138
125

240

:

Aran,

a,

THE (CHRONICLE.

18M.J

%mat3tmtnt

York;
Y.irk;

Neb.;

David Dowg, New York; Andrew n. Green, New
Colgate IToyt, New York; H. H. Callsway, Omaha,
Orenville M. Dodge, Council BlufTn, Iowa; Jam« A,

John .Sharp, .Salt Lake City.
Hiilwlituted for Mr. Mahlon D. Spanlding of Boston. Mr. Kiddle, of Ohicago, decliaed a re-election
and Mr. CJolgate Hoyt of New York was c-hoeen. The newlyelected board of directors assembled and re-elected the old
Kiimrill,

John

The Investors' SUPPLEMKNT contain* a complete exhibit

of

Funded Debt oj States and Cities and oj the Stoi:ks and
Bonds of Railroads and oiher Companies. It is published
the

ttie last Saturday of every other month—viz., February,
April, June, August, October and December, and is furntshed without extra charge to allreyular subscribers of the
CURONICLK. Extra copies are sold to subscribers of the
Chronicle at SO cents each, and to others than subscribers
atfi per copy.

on

ANNUAL REPORTS.
Union

429

P.

HprinKfield,

board of

The

Ma»<.;

SpauMing was

officers.

annual report preeented by Mr. Adams in advance
found at length on another page.
The statistics are generally for the whole syntem, including
auxiliary lines, and the net result of the year was a surplua
income of $2.r),5),l90 over all annual charges, against a similar
surplus of $2,679,363 for 1884. Operations ^>r three yean
have l>een as below
brief

of the full report will be

:

1883.
.MIli'B opprftioil Doe. 31
l'H8.''<!nKor8 c irrlcid oiiii lullo

Paoiflc.

{For the year ending December 31, 1888.)
The preliminary annual report of President Adame, as
submitted at the stocliholders' meeting in Boston, will be
found on a subsequent page.
At tlie annual meeting in Boston about 400,0n0 shares
were represented. In regard to the Denver & South Park
Brand), Mr. Adams said that the outlook for this important
division wiia most promising, for while the earnings had

1894.

4,251)

...184.180.603
AveruKe ratupnriinsd. po-mlle.
343 ct«.
'Tons freigbt carried oueiullo. 890.74 1, 196
Average rate per ton pcrmUe..
2-05 ots.

188S.
4,819

4.476
185,721'746
3-27 ots.
922,270,648

906.711,171

IHOcti.

1-74 ot«.

180.071,991
3-u7 eta,

Not InoladlDg company's freight.
comparison of the condensed balance sheet for three
as follows:
eENEBAI. BALANCE AT CLOBB OF BACH TEAR.

*

A
is

1883.

1884.

yean

1885.

AiteU—
$
$
«
decreased $329,437 in the last year, compared witli 18S4, still Road, equlp't, &o
157.3in,640 158,918,607 150,208,919
the expenses had decreased $480,574. In reply to questions, KiiK'kB una bonds owned, cost 33,GC7,-!27
37,499,325
30,23 ',.'527
^fimclliineoua luvestments
2-<3,t43
6'.!0,640
680,891
Mr. Adau\s also said
Adviin.es
5,6t.'i.7l5
4,797,936
3,415,280
"Since I took charge of t+ie affairs of the company a short Miitcilals.
fuol. &c
2,5 7.364
l,1i0.<i.2
1,683,432
time ago, my sole otiject has been to place it upon a sound Diiivtr KxDcnslon sink'K fund.
V!8U,000
522,430
407,000
financi^ and business basis, and to do this it was necessary to TriiBt h percent smK'Kfund
70,410
Bonils
andstoeks
hold
<t50
In
trust.
3,210,
8.2 15.20 J
3,215,250
devote tlie entire surplus to the liquidation of just claims
Land department assets
9,214,104
I5,6d4,-203
18,159,-^90
against the company. The Trans-Continental war which I
have tried hard to prevent, and the growing competition
Total
212,259,943 222,333,523 226,^7t),500
from rival roads, have, you know, badly reduced our receipts
Liabilities—
.Stock
60,868, 500
60,863.500
60.86 ^..500
from through business, by taking from us a large share of
debt
84,506, ,.-132
81.».'>7,632
84.173,285
But the building up of the Fiiiided
traffic once entirely our own.
United States subsidy bonds
33.5:<9, 512
83,53H,512
33,519,512
West and the necessities of the day have so increased our Acei-iicd inr. on subsidy bonds. i:<,86'< ,041 15,321,738 15,1(;7,214
3,482, H56
3,237,607
11,861,145
local busmess that, if an equitable understinding can be made Flontiiig debt
accrued not due
795, ,!U5
781,671
774,104
wiih the Government, 1 hope to be able to talk with the Intcres't income
General
(protlt and less) 17,692 ,810
17,837,150 110,493,284
stockholders in reference to the subject of dividends within a Income u«ed for i-lnk')? fund... 1,7,^1 ,488
2,383.029
2,976,634
comparatively short time."
Land and trust income
5,714, 639
14,180,742
18.611,134
In speaking of the relations of the Government and the
Total liabilities
21^259,943
222,333,523 2-26,279,509
President
said
company, the
that the present policy of the
Government 'vas embarrassing and co obstacle he had
tAfter deducting deficit of U. S. requirements, as compared witli
experienced in reorganizing the road caused him half as much acciui'd Int. ri--t on U. S. bonds Feti. 1. l-iSO. to date.
$916,704 due to U.S. under Thurman Act, paid April
anxiety and trouble as the hampering restrictions caused by 16,:!<otiu(.'lu(liug
1890.
the unjust interference by the Government. He said that the
Thurman Act had not worked as its framer intended, and as
Chicago St. Paul Minneapolis k Omalia.
lone as it remaimd in effect it would be a continual draw(For the year ending Dec. 81, 1885.)
back and embarrassment to the company. The bill now being
The
The stock and bond acceunt remains nnchanged.
prepared by the Senate, whieh the public believed to be one
of the company's preparation, neither he nor any officer or statistics of trafiSc and the income and led^ter account are
represenitative oi the company had been allowed to see, and if shown at length in the tables below. A summary of increase
he only knew what its contents were he would be well in the net results of the year 1885 is as follows
pleased, as he coukl then decide on some definite policy for Increaseln road earnings
f 29,878
70,870
the future. What the company wanted was to be treated Increafie in net la«id reeelpts
79.440
Saving In operating and fixed charges, Ao
wcactly as any other creditor of the Government, and be
permitted to discharge its obligations by the ordinary system
$130,188
Total net increase
of annual payments.
The
percentage of operating expenses to earnings, including
In regard to losses on the branch roads Mr. Adams stated
taxes, was 6a 99-100, against 69 26-100 per cent in 1884.
that he only knew of one road that was operated at a serious
In the land department the number of acres sold during the
loss (presumably the Denver South Park & P.), and it was
year 1885, as shown by the report of the Land Commissioner,
provided for by an account current, which was kept open until
was 121,045-91 acres, for $516,951. Number of acres of land
it settled itself, aa it was the hope and belief of the directors
remaining unsold at the close of the year, 837,079 acres.
that where a, road lost money one year the loss would be
Cash collected on account of lands sold and payments on
oiTset by a gain during the next.
exisilng contracts, interest, &e.. Included in income aoMr. Win. A. Rust offered two motions approving of the list
$766,438
count, wag
of investments made by the directors during the past year, Less expenses of the department, taxes, iSeo
41,443
and also approving all other acts of the board. President
$721,995
Adams read and explained in detail all the new investments, Leaving balamce of net receipts
amounting to several millions. They comprised, in the main,
The amount of bills receivable and land contracts now held
simply changes in name or form of old investments, made by the company for the lands sold is $3,295,848.
necessary by reorganizations of the railroads and other interests
The following statistics for four years have been compiled in
mvolved. There was nothing in the way of new construction the uraal form for the Chronicle :
and essentially new placing of funds. Perhaps the only item
OFEaATIONS AND FISCAL RESVL-rS.
of special interest
:

referred to was one of $97,000 invested in
stock of the Credit Mobilier of America.
Mr. Adams explained that it was necessary for the Union Pacific to obtain
a controlling interest in this stock aa a matter of self protection.
decision of court some time ago sustained a claim of
12,000,000 by the Credit Mobilier against the Union Pacific,
which, with interest, amounted to $4,000,000. But with the
last purchase made of Credit Mobilier stock by the road, at
about $20 |)er share, the Union Pacific practically controls all
tiie Credit Mobilier stock.
One or two stockholders raised the point that it would be
well to change the time of holding the annual meeting to the
last Wednesday in April instead of the last Wednesday in
March, in order that the annual report might be in the hands
of the stockholders before they met.
It was finally voted to
request the directors to take the necessary steps for changing
the date of the annual meeting, if no legal or other valid
objection interferred.
The balloting resulted in the choice of the following directors: Charles Francis Adams, Jr., Boston; Frederick
L. Ames. Boston
E isha Atkins, Boston; Ezra H. Baker,
Boston; F. Go. don Dexter, Boston; John
P. Spauldini?, Bos-

A

;

ton;

Henry

H.

Cook,

New York;

Sidney

Dillon,

New

1882.
1,150

MUes operated;

1883.
1,280

1884.
1,318

18S9.
1,340

Oiterations

PaescnKcrs carried..
Passenger mileage..
Kate V pass. $ mUe

Fr'ght (I'ns) moved.
Fr'ght (fns) mfleage
Ave. rate f tonkin.

Earnings—

821.4.^6

850,716

63,755,630

57.330,.593

2-45 cts.

a-.^8 cts.

904.795
68,674,281
2-45

cts.

1,015,133
47,504,486
2-7.T Ota.

2.00.3,HO2
2,089,«40
1,748.912
75,821,581 2 08.673,709 329.795,473 330,863.003
1-27 ots.
1-25 cts.
1-43 ot«.
1-26 oU.
1,94(;,<I31

2

$

$

$

«
1,30.5,61S

Mall, express, dU3....

1,311,217
3,478,624
172,361

1,470,558
3,843,948
200,778

1,430,711
4,132,530
221,000

4,255.393
253,897

Tot. gross earnings
Oper'g expens.&txs.

4.962,202
3,240,787

6.51?'.284

3,023,827

5,784,931
4,007,022

5.814,810
3,721,191

Net earnings

1,721,415
65-31

1,891,457
65-70

1,777,909
60-26

2,093,699

Passenger
Freight

P.O. of op. ex. to earn.

63-M

tncoME Accomrr.
1882.

ReeetpU—

$

1883.

$

1884.

9

1886.

$

1-20,866

1,891.467
547.777
163,623

1,777,909
6»1.12S
212,221

2,093.699
721,995
33.235

2,389,106

2,592,857

2,641,295

2,848,889

Net earnings
Net from XKxul grants
Other receipts

1,721.415
646,825

Total Income....

:

THE CHRONICLE.

430
DisMirsemenU

1684.

IS'o.

$
49,174
1,320,146
787,976

H2,9?2
1,334,324
675,4U8

1883.

1982.

—

¥„

$

3o,d64
1,222,371
770,47b

27,736
1,134,751
735,397

Bentalspald
Interest on debt
DiT. on pief. stock..
Bate of dividenU ....
Loss on prop, roads.

(6)

(7)

(7)

(7)

S

12,524

13,065

12,,i5b

2,035,238
763,651
470,894
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAE.
1,897,8^5

Tot-dlsbursem'ts

401,221

Balance surplus

2,040,767
552,090

2,170,361

1883.

1884.

1882.

$
EB.,liM(;8. capt.,&c.

8tk8.& bds wn'd,cost

Advances

& accts. rcTble.
Mateiials, fuel, &0..
Casli on liand

Bills

$

$

47,0" 0,138
1,018,741
].12S,804
1354,928

49,993,541
1,017,426
453.986

72-',3-l3

595,463
1,155,239
75,0C0

75,000
4,727

Winn.Ka-t.b'ds (su.).
Miscellaneous items.

50,877,826

52,09 1,2 '8

1,158,77'2

59i,399
4 27,8-7

4«1,091
t478,821

138'»,375

850,9ri3

1885.

t36'^.490

576,723
2,211,3-0
7S,000

690,106
l,o5-.',184

75,000

rvoL. xLii.

Boston Hoosac Tunnel & Western.— The case of Quincy
A. Vinal, as administrator of the estate of Wm. L. Burt, vs.
The Continental Construction & Improvement Company, the
plaintiff claiming damages for $1,.500,000 for an alleged breach
of contract made in 1881, has been in progress at Utica since
the 36th ult., in the U. S. District Court, before Judge Coxe.

The

suit

was

dismisst^d on Thursday,

with

costs.

Mathew

Hale, of Albany, aud E. W. Paige of Schenectady, appeared
for the plaintiff, and Butler, Stillman
Hubbard, of NewYork, and E. D. M-ithews, of Utica, for the defendant.

&

Chicago & Great Southern.— At Indiinapolis, March 37,
the Chicago & Great Southern Railroad was sold under decree
of foreclosure by Master Commissioner Fishbacfe to Henry H.
Porter, of Chicago, the only bidder, for $501,111.
Mr. Porter
represents the bondholders. The issue of bonds amounts to
$1,300,000,
The road runs from Chicago to the Brazil Block
coal fields.
Cli'Tcland

&

May

5,

Marietta,—-This road will be sold at Columunder a decree of forecl «ure granted by the
8,559.660 United States Circuit Court.
The purchaser will be required
18,573.233 18,55!',760 18,5,59,660
Stock, common
11,259,933 11,259,9 3 to pay $10,000 cash at the time of sale and such additi
10,7.= 9,933 11,259,933
Stock, preferred
mal
19,50;).488 21,086.620 22,339,970 22,339,97u
Bonded debt
amount in cash as the Cjurt may direct, the balance to be
3 ',460
16,230
Bills payable,
75,000 payable in bonds at their pro rata value. The road extends
75,000
75,000
75.000
Minn.East.bds. iKn.i.
2n4.935 from Mirietta, O.,
258,348
2H,074
234,0i4
aecnied int.
Coup.
to Canal Dover. 99 miles.
By the last state632,410
5110,345
.087,069
768,229
Voclirs.,pay-r'll8.&-c.
337,704 ment the funded debt was $1,000,000 in fir.-,t-mortgage bonds.
197,000
197,533
188,523
Dividends
2,123,7.i4
2,8s7.40.5
1,652,861
1,100,769
Income acct.balance
Denver Aspen & Grand Junction.— This road is projected
by parties in the interest of the Denver & Rio Grande RiilThe route has been surveyed from Red Cliff on the D.
Total liabUitles. 51,241,684 53,679,080 55,314,100 56,317,047 way.
R. G. RR. down the valley of the Eagle River to Glen&
receivable
bills
department
Md
$1,369,961
land
December
31,
1882,
t
wood Springs and thence southeasterly to Aspen, 105 miles.
not men in tbis balance sheet; 1883, $2,206,493; 188*, *2,473,59,J;
The road will open up a coal and silver mining region con1885, $2,295,846.
American Bell Telephone.
struction will begin at once.
(For the year ending December 31, 1885.)
Denver & Rio Grande— Denver & Rio Grande Western.—
It is now announced that the troubles between the Denver &
The annual report, just issued, says
" The year ending December 31, 1885, has not been marked Rio Graniie and the Denver & Rio Grande Western railways
by the increase in business of previous years but although have b en finally settled. The Denver & Rio Grande withthere has been a loss of subscribers in exchanges at certain draws all suits and claims against the Denver & Rio Grande
points, on the whole, the licensed companies have more than Western and the Western Construction Company, and these
held their own, the total number of subscribers showing an companies withdraw all suits against the Denver & Rio
increase of 2,969, and of telephones in use of 4,460, during the Grande, The Denver & Rio Grande Western is to be given
year. The following is a comparative statement of earnings rolling stock to the amount of the car trust certificates it now
holds, and sufficient for its current business. The guaranty of
and expenses
the Denver & Rio Grande Western by the Denver & Rio
EARNINGS, EXPENSES, &C.
1885.
1834.
Gi ande may be canceled by the bondholders who choose to
51,211,684

Total assets

Liabilities

—

56,347,047

55,314,100

53,679,080

bus, O.,

)

<!t

;

:

;

:

Eental of telephones
Sal

8 of

inslruuients

and supplies

Dividends
Commission from extra-Territorial and
branch lines
Commission from telegraph business

$1,956,413
7,232
475,401

.2,026.39^

69,136
13,236
48,503

355

75.878
15,388
39,812
8,260

$2,570,281
841,331

$2,765,8^4
972,688

$1,729,049
58,560

SI ,793, 190

$1,787,609

$1,809,096

Interest

Miscellaneous
Total

Expenses

2.676
597,4!;9

NeteaminKS
Miscellaneous items to surplus account ...
Total

16,800

INCOME ACCOUNT, 1885.
Surplus account December 31, 1884
Netearnlngs 1885
Mtscellaueous items
Ket'uKar dividends in 1885

$1,057,112
1,793,196
16,800$1,170,192
Extra diviclende in 1385
392,044
Beserved for depreciation of instruments.
100,75^-

$2,867,108

-

1,C62,9S8

Surplusaccount December 31, 1885

$1,204,120

LEDGER BALANCES DECEMBER
Deblms.

Telephones

$590,722
Stocks
22,611,859
Meich'dise & machln'y
18,962
Bills and accounts receivable
450,131
Cash and deposits
997,728

31, 1885.
Cretliton.

Capital stock

$9, ,802,100

.

Bills ite acc'ts payable*
Patent account (profit

and
Profit

loss)

aud

5^2,985
9,

loss

Reserves
Surplus

.593,755

337.895
20S.5t7
1, 204,120
3,

$24,669,404

'Of

amount $294,063 is the dividend payable Jan.
rtockholders of record Dec 31, 1885.
this

$24, 669, 101
15 1886, to

take the additional security of the riilling stock (the rental of
which amounts to about three-fourths of one per cent on the
bonded debt) in lieu of ihe guaranty.
circular will be issued
shortly giving the details of the seitlement.
The Denver & Rio Grande Western Company's plan of last

A

August is in force and will remain unchanged. The first coupons
from the coupon certificates issued under the plan, due March
Ist, have been paid as presented on and since that date.
The Denver & Rio Grande's decree of foreclosure is expected
to be obtained within a few weeks, either in April or early in
May, as all opposition has been withdrawn.
East Tennessee Virginia & Georgia.— A suit has been
be^un in the Suoreme Court, Chambers, by Georae K. and
William H. M. Sistare and*Haro!d Clemens, "against the reorganization committee of the East Tennessee Virttinia &
Georgia R-iilroad Company, the Central Trust Company,
trustee under all the mortgages of thw company, and others.
Judge Donohue granted an order i-uiiimonin< the defendants
to give testimony before him on April 6 so iliat the plaintiffs
can frame their complaint. The suit is supported by the committte of income bondholders and stookhold rs who are
opposed to the plan of reorganization now under way, and
according to which a foreclosure is to be had under the consolidated mortgage. Mr. Wm. H, Niles is the attorney for the
plaintiffs.

Mr, Calvin S. Brice said that the suit was one by dissatisfied
stockholders against the reorganization committee, t tie other
defendants being made parties as a
itter of formality.
All
of the mortgase bondholders practically had .-igreed to the"
plan and deposited their bonds. The suit was design-d to
secure a reduction of the assessments on the income bonds

m

and stock.
The gross and net earnings by months, reported for the

GENERAL INVESTMENT NEWS.

Geeomole, areas follows
press dispatch from Mobile,
(rross Earnings.
2fet Earnings.
1881-5.
1884-5.
"Based upon a proposition by a New
188.1-6.
188.5-6.
$2,12 1,343 $2,i27,459
$855,0:. 9
$ 8 ',413
York syndicate, T. G. Bush left here two weeks ago, carrying July 1 to Deo. 31
3-24,032
Jaoaary
103.944
427,885
100,281
a power of attorney of the Mobile stockholders of the Ala
February
lli,878
311,894
341.386
l-,iO,274
bama Grand Trunk to sell the road. Mr. Bush returned to-day
TotalSmos
and will make a favorable report to the effect that the syndi$2,869,122 $2,892,877 $1,067,201 $1,:04.731
cate will purchase and will complete the road from Moljile to
Louisville & Nasliviile.— The gross and net earnings, by
the Wamor coal fields, 350 miles. The road was built about months, are as follows
March

39, said

,

pushed further than Japan, Ala..

.

Topeka & Santa Fe—Gnlf Colorado & Santa January
announced that arrangements are practically con- February

cluded for a control of the Gulf road by the Atchison. It
is
stated that a circular will be issued npxt w^ek
giving
particulars of the new arrangements between the
tw
companies, and the basis of the new rights to the stockhoMers
of the Atchison in connection with the construction
of the
link between the Atchison system and its new
w-ssession
Tina link will be some 375 to 300 mil^-g long, will cost
$5,000 OOo"
and will give the Atchison a short line into Texas as
well'as a
l^ulf of Mexico outl-t, which will
enable it to compete with
the Sunset route by water and rail.
i

Gi'oss

1885-6.

July 1 to Dec, 31.

Atclii8on
is

.

,

.

:

twelve- years ago, but never
a branch of sixty miles,

Fe.—It

—

:

Alabama Grand Trnnk.— A

Ala,,

Total for 8 mo8.

Eamiyigs.

s

1,019.266

1884-5.
$7,106,2'iO
1,170,74*
1,083, <03

$8.»35,7ii5

$9,360,277

$6,836,178
l,050,0.:i

>

^
Net Earnings.
1885-6.
1884-5.
$3, 1 8. 58

$2,68 i,530
371.813

1

456,980

33<,8H

4-i4,s58

$3,415,187

$3.tf79,9S4

During the eight months in 1885-6 $199,540 were spent in
construction, and not deducted here from liCt.
Mempliis & Charleston.— The gross and net earnings for
February and for eight months from July 1 have been
:

,

Ftbruuru

aro«B earniuKS
Operating expenses

Netearnlngs

^.luiy

1

to Feb.

2«.^

188.5-sri.

1884-85.

$49,922

86,046

$101,147
84,1.2

617,827

$l.cil' ,0!»4
79 .',023

$i;0,l8j

$16,695

$j02,095

$221,072

1886.

$10^231

885.

:

:

Afkil

THE CHRONICLE.

8, 1886.J

431

Mexican Ci'iitrol.— The Mexican Plnanoier Rtatea that the thooe who do ho to my for them an iide<|uate pric«t. It la oor
neBDUiiions of the Mexican Central Corporation with tlie intention to allow all of the holdern of the first serica flTea, to
Oovcrnment are ttill pendinR, and we have had thin weeli the join our coinbinatinn who, on or liefore the 15th dar of Maj,
•
ISHII, shall inform im (>r their defiire »> to do."
•
•
authoritiitivi) denial on tlie part of the DUirio OJJlnial of the
The board of managers of the i'hiladelphia & Reading Railminor tiiat any delinilivo arrnngetneut with tlie hevernl
railwuv coinpanips has yet been made by the Minister of road Coiii|>any, under NIr. Gowen's leadership, have adopted a
From our information we should doubt very roKoliiti'in tliat the plan for the reotKanizatlon of the comTiiblif" WorkH.
ii'd by a committee, of which Mr. John B. Uarrett ia
much tlie resumption of Bubeidy payments, even in part,
" is hereby rejected by the company."
1,
before January, \»S1, and we a^ree with those who oppose
ine result of the joint ojierations of the PhdadelreKiiniin);, unless there is a substantial surety of continuiiij^
Company
the pay lilt tits regularly until tlu> obliRation of the Treasury is iihla & Reading Railroad and Coal A Iron
of Febriuiry,
the tliird month of the
extinKuisheil. To resume and sotm be compelled to abandon in the month
(including
very
serious
blow
year
Central
New
on
the
fiscal
Jersey
liailroad,
inflict
a
leased),
pavniciits would be to
The duty of the was a decrease of $88,240 in gross earnings and a decrease of
nalioiial credit— a most dioa'^trous event.
Government is to husband its resources and get itself in $:{8,IM)1 in net. compared with February, 188.5. For the three
condition to meet its obligations as soon as circumstances will months from Dec. 1 there wa-s an Increase in 188.5-0 of $7^)7,042
in gross earnings and $264,005 in net, compared with the same
permit. —Jioston Jotirnal.
—Gross and net earnings for January 1885 and 1880 have period in 1881-5.
been
Gross Rfceiplt.
->
ffel lUetipU.
1886.
1«8V
1885-6.
1H84-5.
1885 U.
188t-n.
$3ie,874
$3)8.9^1 December
flroHit AikrnlnflrH
$3,937,787
91.I10.M33
$3,390,384
$871,457
_207£2o
j^mtj January
2.B69.943
El^e.r» ..*;:::::::
2.601.15.5
54 2,5.19
806,084

—

—

.

$109,344

Nctenrnlngs

2,676,017

2,764,266

Total 3 ninntlm.... $9.58.3,747

$8,840,803

February

$137,753

New York Lake Erie & Western.— The statement of gross
and net earnings for five months of the current ftscil year
is given lielow, by months, and the gross earnings inc-lude 68
Sjrcentof the earnings of the New York PennsylvHnia &

,St.

:..

New York Lake

Orott Jiaminfi».
1884-85.

,

,

Jfel

,

$1.9S0,648

November

1.912..'>-2H

609,t'74

515,360
302,308

4S7,S?.'>
3.'S0,343

1,'472,8'^7

l.J70,3''S

1.531.604
1.551,4H6

I.S15.443
1,371,024

Total 5 months... $S.849,151

$7,823,647

Deoenilier

Jamiarv
February...

New York & New England. —The
for the iiscal years 1881-8.5

and

188.5-96,

Gross I

.

October
Kovcinber
DBCfiuiwr
Jaimiii V

February
Total 5 monllis.

&

170,038
235,827

$2,434,639

$1,872,475

.

Xet Earnings
1885-6.
18^4-5.

.

309,743
3!1.010
268,265
270,924

$155,725
129,183
84.992
93,932

68.304
57,020
49.722
73,495

$1,499,913

$1,256,721

$560,241

$354,251

—The

31^

^Jan.

\

18S0.

1884.

to

Feb. 28.-^

1885.

$166,375
95,070

$170,908
11^,098

$282,771

$130,780

$71,305

$32,000

Louis

&

Cairo

— At.

work $1,400,000 worth of new bonds will be issued. The
Ohio
stockholders also ratified a contract with the Mobile
Riilroad Company to operate the road for 45 years from Jan.
Mobile
which
now
Ohio,
By this arrangement the
1 last.
has its northern terminus at Cairo, secures a route to St. Louis.
Cairo txmds are guaranteed by the agreeThe new St. Louis
Ohio to pay the former a rental of 25 per
ment of Mobile
Cairo road, but the
cent of the gross receipts of the St. Louis
rent is in no event to tie less than $165,000 per annum.

&

$105,710

96,10'!

to Dec.

this

.

$300,734
254,121
239,019
230.420
220,097

1

Chicago, April 1, the stockholders
of the 8t. Louis & Cairo Railroad Company met and elected
the following directors; J. A. Horsey and Gabriel Morton of
New York, Charles Hamilton of St. Louis, Thomas M. Logan
of Murphysborough, F. Brown of Cairo and William Ritchie
of Chicago. It was voted to change the road from nirrow to
standard gauge and to lay 161 miles of new steel rails. To do

by months.are as follows:

18-*4-5.

gross and net earnings
and for two months, Jan.

$790,144
659.364

St.

and net earnings

gross

'ntngs

188,5-6.
$33(<.nfi5

33-.',587

600.075
$2,014,097

$755,494
Gross earDln«!S
OperatiDK expenses.... 472.723

Net eamlntrs

18S4-85.

$627,142

m. May
Ih85.

Kaminpt.

lSK5-8e.

$674,410

.102,074

$2,278,992

:

^8

&

$l,H67.b57
1,703,338

188S-8t>.

October

Erie

,

—The

Joseph & Orniid Island.

for eight months, May 1 to Dec. 81,
1 to Feb. 28, were as follows

hio, leased line, the other 32 per cent of the earnings of that
line bein« paid ss rental. The net earnings are correct as

showing' the actual results to the
Weeiern Company.

.

&

&

&

&

and net earnings for FebSouthern Telegraph.— The sale of this company's lines
were as follows
February.
^2 w. Jan. 1 (o Feb 25.— under foreclosure, wiiich was to have been made in RichISS.'i.
1886.
1885
1886.
mond, Va., March 27, has been postponed by order of the
$440,695
$425,535 United Slates Circuit Court on petition of Mr. J. B. Pace.
$22:.788 $196,281
Gros."! earnliKW
v5(>,-269
123.475
278,697
Opcr.oxpcD.'A taxes... 137,457
The postponement is until further order by the Court.
$72,SC6
$175,266
Netoarnincs
$84,331
$161,998
Toledo Cincinnati & St. Louis. The reorganizers of this
Northern Pnciflc. The gross and net earnings thus far in company are foriuiog new oorporati ms in Ohio, Indiana and
1884-8-5
1885-86,
months,
are
as
follows,
years
and
by
the fiscal
Illinois, and these three will afterward be consolidated into
reported for the Chronicle
one. The company in Indiana is the Bluffton Koko.no and
Gross Earnings.
Ifet Earnings.
Southwestern mentioned last week, and dispatches from
1885-6.
1884-5.
1885-6.
1884-5.
new company in
$6,627,719
$3,640,931 $3,359,568 Springfield, 111., March 30, say that the
Jnlyl to Dec. 31. $6,743,269
Norfolk

Western.

ruary, and since Jan.

1,

gross

1886

and

1885,

:

,

.

—

—

:

,

.

480.330
594,240

January
February

553,r,82

3'i.052

113.0.18

369,964

182,708

168.009

Total 8 months.

Land
amount
Oliio

$7,817,839
$7,751,265
$3,853,741 $3,610,585
sales for the sam'! period in 1885-6, 358,105 acres;
of sales, including town lots, $978,420.

&

Mississippi.

—The gross

ruary and two months to Feb.
.

Februari/.

1886.

OrosB earalni.'s
OperaUiiKexpeusea

Net onrnines

and net earnings

38, were as
,

1885.

.

follows
Jan.

I

for Feb-

:

to

1886.

Feb. 28.

.

1885.

$274,430
218,799

$267,879
246,151

$548,610
432.129

$568,179
473, 54J

$55,631

$21,723

$116,431

$95,637

Louis, with
is called the Tol>^do Charleston & St.
the following directors S. H. Kneeland, J. M. Quigley and
R. G. IngersoU, of New York W. R. Patton and A. H. Chapman, o' Charleston.
In Ohio the corporation will be tlie Toledo Dupont
Illinois

:

;

&

Western.

Trans-Continental Pool.— In regard to reports that a settlement had been leached, Vice-President C. P. Huntington,
of the Central Pacific, said, when asked about the matter on
Thuraday "Mr. Adnms, of the Union Pacific, Mr. Crocker,
of the Southern Pacific, iat. Strong, of the Atihi-on Topeka
Santa Fe, and' myself, had a brief conference to-day, when tne
situation was discussed. Everything went along pleasantly,
and though nothing definite was arrived at I presume the
matter is nearer a settlement than it tias t)een."
:

&

Philadelphia & Reading.— Messrs. Drexel & Co., in Philadelphia, give notice that in accordance with the terms of their
agreement with the Board of Reconstruction Trustees of the
Union Paciflc— The Treasurer offers to purchase, before
Phil.id Iphia & Reading Riilroad Company, they are now
outstanding land-grant 7 per cent
reodv to receive deiwsit j of the general mortgage 6 per cent June 30, any or all of the
which the holder realizes only
and 7 per cent bonds of the said company, and issue therefor bonds at the following prices, at
maturity, viz.
temporary receipts, to to be exchanged for engraved certiti- 8 per cent per annum, if he keeps his bonds until
Bonds due and payable .\prll 1, 1887, at 104 flat, ex coupon, and intercates as soon as the same can be prepared. These terupurary
1, 1886.
and engraved certificates bear interest at the rate of 4 per o^iit est at 3 pur Oriiit from /^piii
flat, ex coupon, and lilf
Boudi4
iuul payable i>ot. 1, 1833, at 109
per annum for three years from January 1, 1886, payable semi- terest at due
ccut
from
April
lier
1, 1886.
3
>fl.

flat, ex coupon, and
—Messrs. Joseph Wharton and William H. Kemble, a com- interest at 3 per ueut nom
mittee of the Reading consol. 5 per cent mortgage bondholders
After June 30, 1886, the following prices wOI be paid untQ
have issued an announcement to the holders of the first series Sept. 80, 1886:
five pt-r cent bonds of the Philadelphia & Reading Railroad
Bonds due and payable April 1, 1887, at 103, flat, ex coupon, and
Companv, in which they say " Being of the opinion, which interest
at 3 per eem from April 1, 1886.
is shared by others whom we represent, constituting with ourBonds duo und piyaiilo let. 1, 1888. at 108«», n.»t,exooupon. an*
IS^B.
Interent
at
per
April
selves the holders of a majority of the issued first series lives,
3
cent fnnn
1.
.
Bonds due and pa> aiiie Aiirll I, 1M89, at HO'4, flat, ex eoupon, aB4
that the plan of reorganization which has been forinulatm by
Interest at 3 per ooui from April 1, 1886.
the Comniittee of Reorganization of the Philadelphia & Reading Railroad Company is one which fails utterly to recognize
—The gross and net earnings for February, and from Jan. 1
or to secure our rights, we have determined not to accept it, to Feb. 28, nave been as follows
and have formed an organization intended to secure to ourJan. 1 to feb. 28.
February.
1885.
1»86.
18S5.
selves the verT valuable properties upon which we now hold
1886.
$1,63 140 $1,563,949 $3,064,169 $3,ajS3»f
nnquestionably the first lien, and to compel a sftle of other Grogs eamtnim
li,371,834
2.458,617
I.l8.!,<ln7
\i;iH7;H64
taxes
properties upon which those Ijonds are aUo a lien, in such Ooer. cxiiea.
m;mner as will enable ua either to purchase them, or to oblige
$8t>73T4
•«04,d62
$360,882
$447,276
HetearuluKS

annually.

Bonos due ami payable

18s9. at 111'40,
April 1, 1886.

Aiirii 1,

:

:

,

.

—

.

THE CHRONICLK

432

THE UNION
To

the Directors

and

StocTtholders of tht

[Vol.

XLH.

PACIFIC RAII.WAY COMPANY.

Union Pacifio Railway Co:

company for the year 1883 is now in course of preparation. It has been found
and the voluminous tables which accompany it, in time for presentation in a printed form
A preliminary statement, covering all important points in that report,
inst.
at the annual stockholders' meeting on the Slst
presented.
now
is
and
prepared,
has, therefore, been
,„
the year 1834, are shown in the following table
The financial results of the year 1885, as compared with

GENTLEMBN-The

detailed report of this

impossible to complete the report,

.

.

,

:

Tear ending Dee. 31, 1884.

Tear ending Dec. 31, 1835.

Earnings—
Union Paolllc...

$17,837,080 38
7,820,229 53

$17,455,031 51
8,470,140 10

Auxiliary Lines.
Total

$25,925,171 61

Expenses—
Union Paoiflo...

$25,657,290 41

$8,560,621 24
6,690,358 29

Aaxiliary tines
Total

$8,424,925 23
5,589,535 17

15,250,979 53

Surplus—
Union Paclflo

$9,412,135 65
2,230,694 36

58,894,410 27
1,779,781 81

Auxiliary Lines.
Total

14,014,460 40

$10,6r4,192 08

laxtt—
Union Paclflo...,

$470,226 24
383,423 56

$489,733 96
417,007 43

Auxiliary Lines.
Total

$11,642,830 01

906,741 39

Net Earnings—
Union Pacific

$3,041,909 41
1,817,265 80

$8,404,678 31
1,362,774 33

Auxiliary Lines.
Total

853,654 80

Income from Investments outside of tie System
Proceeds Miscellaneous Land Sales
Profits on Investments, Premiums, &c
Eeeeived from Trustees Kansas Pacific Consolidated Mortgage on

$9,767,450 69

$10,789,176 21

1,382,911 12
10,335 90

406,416 47
7,455 26
66,474 63

207,110 00

itcoountof Interest

*

$11,518,936 tn

$11,367,707 71

Total tnoome.

249,415 00

EXFIWDITUBE.
Interest

onBAids

Discount and Interest
„
Liosses on Investments, Premiums, &o
Sinking Pond Reqairements, Company's Bonds
Lines
Interest on Bonds of Auxiliary
Land Taxes and Land Expenses, Union Division
Loss in operating Leavenworth Topeka A, Southwestern Bailroad,
1883 and 1884
Total Expenditure

$5,836,267 05
356,138 12
93.945 69

$5,397,070 69
366,077 76

CO

591,540 00
1,213.0)6 00
84,837 73

5118.605

1,191,010 00
39,920 13

21,578 02

8arplu8 Income
Less United States Requirements
:

Total Surplus Income.

7,632,46101

7,652,562 18

$3,735,243 70
1,184,053 05

$3,866,374 39
1,187,110 49

$2,531,190 65

$2,679,263 90

* The amount actually recetred from the trustees of the Kansas Paiifio Consolidated Mortgage in 1381 was $ 349,415.
Of this $400,000 was
derived from sales of land, aad, under the terms of the mortgage, paid over to the company to meet aooruing interest on the mortgage bonds.
For purposes of comparison, this amount, therefore, is omittei in the above table, as the prjoeelsot Che sale of lands beloni;ing to
the Kansas Paoiflc land grant during the past year have, by the advice and with the consent of the directors, not be in paid over to the company
tomeet Interest, but have been applied to the purchase and cancellation of consolidated mortgage bonds. Of those bonds. $l,2Z2,000 were
lioughtand oaneeled with this money during the year 1833. Had the land grant money been paid over to the company to be applied to the
Interest on the Kansas Pacifio oonsolidated bonds during the past year as la 1834, the surplus revenue of the company for 1883 would have
teen in the neighborhood of $3,800,000, instead of $2,55 1, 190 65 as above.

Daring the year the miles of operated road increased from 4,476'51 on December 81, 1884, to 4,519 53 on December 31, 1885,
or "96 per cent.
The total train mileage increased from 12,176,007 to 13,343,721, or 1-38 per cent. The tonnage carried one
mile increased from 984,871,475 to 1,111,315,839, or 13-84 par cent. The passengers carried one mile increased from 185,721,745

180 per cent.
the gross earnings of the system for 1885 increased over the gross earnings for 1884 in the sum of $367,881'20, the
(jperating expenses increased in stilllarger ratio, so that the result of the year's business was a decrease of $1,031, 734 '53,
equivalent to 9 '47 per cent in the net earnings.
to 189,071,991, or

WhUe

The small comparative
Ist,

increase in gross earnings

Constant reduction in rates, as

is

shown

was due to various causes,
in the following tables.

among which may be specially mentioned

AVERAOB BATB FEB PASSEKGER, FBR HTUI.

Union PaeiSo

Ann iliary Lines
Union

Paoiflc

iII"i'".*!I.'.'!."r."!II!*III.'".'!II!!!I!

System

AVEBAOE BATE

FEfi

tJnlon Pacific System

1882.

1883.

1884.

1885.

Cents.

Cents.

Cents.

Cents.

3-34
5-30

3-29
4'77

3-12
4-68

2-90
4-36

413

3-60

3-58

3-43

327

307

2-75

TON PER MILE OK FBBIOHT, EXOLnDIMO COMPAKT FRKIOHT.

.

Union Pacific
Auxdiary Lines

1881.
Cents.

•

m„l"r.!'!'.l'..""

lli."Il!Ill!^I

1881.

lb82.

1883.

1884.

1885.

Cents.
I -98

Cents.

Cents.

Cents.

Cents.

1-89

1'73

5-70

4-50

3'66

1.51
3 07

1-49
2-60

2*23

2-21

2-05

i-sn

1-74

;

Aprii,

THE CHRONICLE.

1886.]

8,

433]

3d, Diminished receipts from through business, both freight and passenger, which the inoreaaed receipts from local frelghto
and iMisaengers liail to lualte good. The respective deoreane iind inoreaseare shown in the following tables; while the decrease
must soon stop, tliere is no apparent reason why the increase should not go on indefinitely.

I'ASSIKOBB ANU raaiOBT BAKlflilaS,

JSoeal Su§i)u*t,
Coal.

Tear.

ing raeine Vuatl

'I

917,661,231 60
16,438,765 94

1886.
1884.

TotaU.

Butlna:

I

96.46H.400 64
7,262.230 90

r<i3,119,023 14

12,700,096

and a decrease in through business of $l,803,830-83. The increase
more than made good the decrease in through business.

ail increase in local business of |3,323,4o5-50,

has,

sum

by the

of 1418,090*34,

90

in local busineai

TUB NUMnEH OF lASSENOBKS OAKHIED ONE MILE.
Tear,

1885
1881

Local Business,

Through Sutituti.

12S.61A 40fi
114.553.190

60,46e,68ff

.

TolaU.

189,071,091
186,721,743

71,168,856

an increase in local business of 14,063,316, and a decrease in through business of 10,711,970,

NUMBER OF TONS OF FRBIOBT CARRIBD ONE

Tins

Tear.

Lccal Busineai.

Through Butinetf.

760.199,994
605,993,420

230,211, 1''7
316,277,268

1885
1884
in local business, including coal, of 160,S06,574,

an increase

MILE.

and a decrease in through, including

Total*.

996.711,171
922,270,638

Pacific Coast business, of

86,066,091.

The

3d,

Pacific of at
4tb,

the year.

failure of the 1885

wheat crop in Kansas

;

this entailed, as

compared with

1884,

a

loss of

traffic to

the Kansas

le.ast |.300,000.

The disturbance in the coal traffic of the company, caused by labor troubles at Rock Springs, in the closing months of
The loss thus occasioned cannot be definitely ascertained but it has l>een estimated, by those most competent to
;

than |350,000.
In a statement of August 13, covering the first half of the fiscal year, copies of which were sent to the stockholders, &
heavy increase in operating expenses in May and June was attributed to the fact, that, " tlie work of renewing the track,
heretofore done during the autumn months, has this year been done during the months of May, June, July and August. Last
year the work of renewal was done almost wholly after the 1st of September. The increase of operating expenses, already
noticed in May and June, will unquestionably be continued in July and August, causing the returns of those months to compare unfavorably with the returns of the same months in previous years. Nevertheless, the annual work of renewal will then be
done, and the road and motive power wiU be ready to handle the heavy volume of traffic which always comes during the lait
six months of the year. The stockholders, therefore, should know in advance that the increased operating expenses and consequent decreased net earnings during the months from May to August inclusive, of this year, will not necessarily imply any
unfavorable results for the year, as a whole."
The expectation thus held out, of reduced expenses during the latter months of the year, was not realized, and the total
cost of operation for 1885 exceeded that of 1884 by $1,330,000, or 8'83 per cent the operating expenses, excluding taxes, in
1885, amounting to 38'83 per ceat of the gross earnings, as compared with 54-63 per cent in 1884. This increase was partly
due to changes in the method of book-keeping, but mainly to other causes. As will be seen in the following table, it was
confined to what is known as the Idaho division of the system that is, the Utah & Northern and Oregon Short Line roads.
The increase of operating expenses, exclusive of taxes, on these two 'roads, aggregated $1,110,000 out of a total
increase, for the whole system, of $1,336,000. Excluding the two roads named, the remainder of the system was operated in
1885 at an increased cost of only $136,000 over the cost of 1884.
The increase of expenses on the Oregon Short Line was due to the fact that, early in the year, a through connection was
made between the Short Line and the road of the Oregon Railway & Navigation Co. This necessitated an increase of over
80 per cent in the Oregon Short Line train service. The increased expenses of the Utah & Northern were due to the condition
of tliat road and its rolling stock, which had, during previous years and under other local management, been allowed to
deteriorate to a serious extent. Under these circumstances, road and motive power were necessarily subjected to an unprecedented tonnage movement at low rates during the closing months of the year. They proved unequal to the emergency
and between September 1 and December 81, the cost of operation increased from $403,440 03 in 1884 to $643,111 83 in 1883.
The following is a comparative statement of expenses of each line composing the Union Pacific system in 1885

form an opinion,

at not less

;

;

and 1884:
Xante of Road.
Kaiiflart

Division

Leavenworth Itranch
Cliejeune Division
Total Union Padflc

Omaha A Ropuhiicau Valley
Omaha Nlobiai-a & black Hills
Denver

.Sail

Kcho A Park
UtiJi

A

(,'lty

.Vi.rtluin

437.034 29
112.572 19
907.662 12
1,427,516 91
81.231 77
59.605 44
1,077,249 18
690.253 i4
39,807 37
52.612 56
11S.782 16
70.778 00
40,741 05
77,.530 45
9.565 63
352,190 05
12,836 46
15,235 63

143,277 45
18,537 54
53,172 52

Denver*: Bonlder Valley
Golden Boulder A Caribou
Kanaaa Ci-ntral
Geor«etown Hreckcnrldgo

.•

A

Leadville.

Montana
Liiramie Sorth Park A Paclflo
Denver A Middle Park
Total Union Pacific and Branches

63
82
82
19
57
16
05
60
01
09
53

91,936
39.738
69,917
18,916 36
290,237 70

39
10j,753 32
8,625 78
6,078 56
lfi.724

^

1

$15,260,979 13

$14,014,460 40

9
i.'ds'i

74
131,109 73

158,.587

Solomon

82
29
72

$131,507 51
1,587 24
682 90
$135,696 01

1,102,342
78,155
65,922
1,701,020
1,182,873
45,140
40,134

Oregon siron I.lne
Salt Lake A Westorti

40

$8,421,925 23

9(>0,834 64

Park A Pacific
Lake <Sc PaoiHo

$5,521,008
2,307.807
76.407
459,701

$8,560,621 24
.580,311

.

Soutli

Greeloy

91
06
19
08

Dtereaie.

Inereate.

1884.

1885.

$5,655,515
2,369,395
77,090
458,620

6,'3i7

s4

•>...•
326.204 30
3,075 95

38

623,771 01
486.620 33
5,332 79

13,'4'77

39,805 41
21,153 01

i.ooa 96
7,612 98

9,350' e's

93
03,517 69
2,625 78
6,075 66

Oi

........

3."887

«l,236Jit9 IS

•

......••

.

—

:

.

THE CHRONICLE.

434
The balance

sheets for the year ending Dec. 31, 1884,

and

[Vol. XLII.

for that ending Dec. 31, 1885,

were as follows:—
Tear 1885.

$90,760,582 50
6,587,297 50

December 31, 1385.

Liabilities.

December 31, 1884.

Decrease.

$60,868,500 00

$60,868,500 00 Capital Stock
Fiindttl Debt
i,-:-^- ••/;'
Loss Aiuoimts lit Id in tlie Kansas Pacific ConTrust
Mortgage
suUdatod

$38,757,147 50

Land and Trust Income
Less Defiolt of United States Requirements

1,451,215 30

157.523 97
1,376.251 13

14,566 b7

$12.''32,847 4i
2,976,633 78
18,641,133 70

$3,344,281 2'
593.605 00
4,460,392 14

$84,250,614 90

$8,398,278' 41

as.

Accrued Interest on Umtedi
States Bonds, Feb. 1, 18a0, to Date

compared

$2,012,370 72
2,169,>-91 69
15,167,214 03
1, 161,443 40
774,103 95

General Income
Income used for Sinking Funds.

$25,852-,S36 49

$2,215,002 50

$36,1 IP, 110 30
20,950.Si>6 27

Income Accounts: —
$9,288,566 15
2,;i83,028'8
14,180,741 56

$212,167 50
81,957,682 50
33.539,512 00

84,173,285 00
33,539.512 00 United States Six per cent Ciirrencj' Bondg^
Interest oil United States Bonds
Less AmouQts repaid by tlie Company
15,32-1,73^00
3, '237,696 53 Floating Debt*
7b8,070 82 Interest accrued not yet due..

$84,105,739 58
18,7frl,001 58

$2,003,435 00

6,799,465 00

-witli

2,139,563 49

6=8 348 19
32,111,05141 $7,709,930 22

21,401,12119

,$226,279,509 29 $3,945,985 75

$222,333,523 54
ASSETS.

$155,064,327 00
Cost of Road and Fixtures
1.792,43103
Construciion Expenditures since Consolidat'n
2,388,626 06
Equipment Expenditures since Consolidation
53,531 t6
Omaha Bridge Improvement

$154,959,896 IT
l,74ii,<i48 07
2,212,6B2 80

$104,430 fi3
46,j85 96
17.^,Wd3

-.

53,581 86

$158,918,607 04

$159,298,918 05

$380,311 91

—

InTestmentt
Bon'is and Stocks of other Enilro.i*! Companies $38,364,172 45
Bonds mill .Sioeks nf Steamship, Coal aadj
other Companies, and Township and Pi©869,354 31 i.
cinet Bonds
Bonds iind Stocks of Railroad and other (.•cm-l
Consolipanics held in the Kansas Pacific
3,215,250 ool.
dated Mortgage Trust
680,^90 63 .
Miscellaneous Investments
Advances to Auxiliary compiinles payable In
3,415,280 50
Bonds and Stocks

$36,746,790 64

752,534 9s

$1,617,381

116,819

I

3,215,200 00
620,639 87

50
f0,2c0

I

4,797,935 85

$1,382,655 35

46,133,101 34

407,000 001

Bonds and Funds held
Sinking Fund

In

46,514,947 89

$411,846 55

522,490 25
70,440 37
1,683,4^2 02
18,159,289 81

$115,480 25
70,-l40 37
462,sl9 81
2,505,086 80

Denver Gxtession,

'Trust Five per cent Sinking Fund
1,220,612 21 Fuel, Material and Stores on hand
15,654,202 95!Land Contracts, Land Cash, etc

l$226.279,509 29; $3,945,985 75

$222,333,523,541

Not including $916,704 02 due to the U. S. under Tliurman Act, Dec. 31, 1884, and paid under decision of the Court, Apiil 16, 1885. If
this amount had been included In the balance sheet for Dec. 31, 1884, the decrease in the floating debt would have been $2,292,955 15
The following table shows the condition of the funded and floating debt of the entire Union Pacific Byatem, its mile:^,'
&c., on June 30, 1884, and December 31, 1884, and December 31, 1885, respectively :
*

June

Total Funded Debt
Net Floating Debt

,

Total Funded and Floating Debts
Siiles of

......

of

$144,788,958 53
2,147,450 00

$148,546,460 37
6,900,177 95

$148,116,535 00
3.237,696 53

$146,936,408 53
1,861,415 40

$155,446,638 b2

$151,354,231 63

$148,797,t!53 93

Road

Accounting, therefore, the bonds and other
changes between June 30, 1884, and December 31,

securities of the
1885.

December 31, 1885.

$141,649,017 50
3,467,487 50

road

Debt per Mile

December 31, 18e4.

30, 1884.

$146,588,427 87
1,95h,032 50

4,419

4,476

4,519

$35,170 51

$33,811 59

$32,923 52

company held

have been a3 follows

in

its

own

treasury as bonds issued, the

:

Decrease in Funded Debt.
Decrease in Floating Debt

$1,810,051 84
6,0t 8.732 55

.

Total Decrease in debt..

Increase in Miles of

$6,648,734 89

Road

100

Decrease in Debt per Mile of Road.

$2.246 99

The following is a detailed statement of the floating debt
1884, and December 31, 1885, with increase and decrease

of the

company, as

it

stood

upon June

30, 1834,

December

31,

:

June

30, 1884.

Dee.'31, 1884.

J>f<!.

31,1885.

Dee. 31, 1885, compared teilh
Dee. 31, 1884.

Increase 1885.

Dtcrease 1885.

Liahilities,
Bills P.iyal)le

Accounts Payable

,

Pay-rolls and Vouchers

Dividends Unpaid
Coupons Unpaid
CallcdBouds

..,..,.,.....

..

...,

,

...

s

.

Totals

$4,115,000 00
48.1,079 48
2,828,075 25
71,878 02

$1,593,769 30
1,995,570 00

$7,205,533 14
2.512.423 57
1,969,996 52
»-3,S84 77
1,276,182 90
32,000 00

$6,:0S,769 30

21,000 00

60,000 00

$13,110,020 90

$11,300,594 73

$8,811,050 65

90
76

$725,887 15
2,313,918 60

$12,924 25

15
39

3,909,799 50

29i,i3iVi

$6,209,842 95

$8.d68,898 20

$6,919,605 25

$l,119,292'lS

$6,900,177 95

$3,237,6f;6 53

$1,861,445 40

$1,376,251 13

916 704 02

916,701 02
SI 861.445 40

$2,292,955^1-5

2,47H,(i49 48
1,«9 1,004 28

78,648 77
l,J28,a23 90

l,26.'!,itl7

$
$1,137,070 97

6,770 75
65,505 00

90
29,000 00

$2,493,544 08

ASSETS.

Cash
Company's Stocks and Bonds
Sinking Fimd in Hands of Trustees
Bills and Accounts Receivable

^

Add amount due to the United States under the Thurman and other Acts.
.

K«tl>e1>t

—

$1,192,070
2,072,353
32,000
2,913,419

86
09
00
00

$7-*J^,881 97

$712,962
3,578,159
159,110
3,618,665

tP4..154

400 55

^'ninM

916,704 02

Aprii-

3,

THE (JHRONICLE.

1886.]

485

and Accounts Payable of the company, which constitute Its real iatere«t-bearln,{ unfund'd debt, have been
the year and a half since June 30, 1894, by thu Hum of $">, 149,877 98. DurinK the same pirlod the interesibeaririK funded d«l>t has been decreased by the 8UU1 of $1,610,05184. The decrease in the intorest-bcaring floating debt has
not conseiiuonily been accompanied by a corresponding increase of flxed charges oa aooount of the funded debt. (Jn the
contrary, as appears from the following table, notwithstanding the fact thit lOD miles of additional ro id hare bsen built and
paid for, the annual interest obligation on account of fundml debt has, since June 1, 1881, been reduced $139,570 while that
«n the unfunded debt has, during the sams time, been likewise reduced $29J,7jS 6i malciag a total permanenc redaction of
annual obligations on account of interest of $430,305 62.
Tills re.9ult has been accomplished through the operation of the sinking funds, through the purchase and cancellation of
bonds with money derived from land grant sales, and largely through ranous financial re-adjustments and the paymeat of

The

Billa

decroased

<liirin«

;

;

debt out of surplus income.
The following is a statement of the annual interest obligations of the companies composing the Uaion
those obligations stood on June 80, 18S4, and December 31, 1885
1884.
lutoreat on Kiinded DeM. Juno 30. 1894
Dkul'ct Interest on Bonds in Kansas Paclflo Consolidated Trust.

P.iciflo

«8,n3?.310 00

,

200,(KX>

$6,208,790

stood June 30, 1894, at Average Rate of 5'40 per cent.

It

00

00
117,520 00

«e,St26,3IO

Deduct interest on Bonds owned by tbe Company
Total Intkbest on Fdndkd Debt
Interest on FloaUngDcbt, as

system, as

:

OO

S00 693 01

Total

$6,709,473

04

1835.

$6,427,760 00
206.000 OO

Funded Debt, Dec. 31. 1883
DEDCCTlnterest onBondsinKansaaPacific Consolidated Trust

Interest on

.Deduct

$6,221,700 00
142,540 00

on Bonds owned by the Company

Interest

Total Imtbsest on Funded Debt
Interest on Floating

Debt as

it

$6,079,2^0

Total

OO

200,957 42

stood Dec. 31, 1885, at Average Rate of 4'92 per cent.

$6,2e9,177 42

,

Decrease of Annu.il Interest Obligations on Funded Debt..
Decrease of Annual Interest Obligations on Floating Debt.

$129,570 00
290,725 02

Net Decrease.

$420.295 ^2

During the year 1885 the St. Joseph & Grand Island Riilroad Co. has bsen organized through the consolidation of the
& Western Railroad Co., the Hastings & Grand Island Riilroad Co., and the St. Joseph Bridge Building Co.
Under this re-organization the Union Pacific received $3,985,000 of the first mortgage 6 per cent bonds of the new company,
$17,000 of income bonds, and 33,015 shares of its capital stock. At the market prices ruling on the 31st of December last,tbeee
securities represented a value of $5,000,000. There is no reason why the first mortgage bonds above referred to should not
be sold at an early day, and the capital heretofore locked up in them applied to other purposes. Meanwhile up to the present
time, and pending the result of negotiations in regard to the ownership of the St. Joseph & Grand Island road, which are still
going on, it has been thought prudent to retain control of its securities. The first mortgage bonds constitute another available cash asset in the treasury of t'le csmpany, having a present market value of $4,300,000,
The land sales of the company during the year ending December 31, 1835, were as follows
St.

Joseph

:

Proeeeat.

Acres.

Union Division

-

$1,223,227 »7
2,817,159 68

743,704 18
690,291 91

-

1,433.<»99

Total

$4,040,387 63

09

a statement of the sinking fund of the Union Pacific Railway Co., established under the
in the Treasury of the United States, on the dates specified

The following

is

Tburman Act,

:

31,1834.

Dec. 31, 1835.

$3,^40,9 7158

788,173 43
176.985 46

$4,267,361 3^
1,421,714 46
31«.93t 94

$726,392 75
633,.541 03
139,969 48

$4,506,130 47

$6,006,033 73

$1,499,903 26

$966,450 00
32,6 )0 00
361,000 00

$960,4-0 00
3,547,650 00
361,000 00

3,515,000 00

$1,360,100 00

$4,875,100 00

$3,5l5,0i;0 00

172,990 44
2,973,040 03

918.439 44
182.494 29

775,449 00

$1,506.130 47

$6,n06.033 73

I>ee.

Amoimt withheld
of the .Siukiug

Cash

piiia

bv

for Transportation Services,

Fund

tiiC

...

,

and carried
-

.

Fund

..

.....

Total

United States 3 per cent Bonds
United Slates 4 per cent Bonds
United Slates 6 percent Bonds

...
......

Total
Baliuice in Che Sinliing

Total

Decrease.

to the Credit

.

Company

Interest collected on bonds held in the Sinking

Increase.

Fund uninvested
•

$

$2,790,5 ib"74
S1,499,<103

26

The company now has in the hands of the trustee under the Union Pacific land grant mortgage an uninvested balance of
Tuij money can be applied only to thi parchue ani cincallation of laal grant bonds, of which $3,706,000 are
now outstanding. After the maturity and payment of this issue of bonds, the balance of the fund will be applied to the
extinguishment of the sinking fund bonds, of which $14,483,000 are outstanding. The trustee of the land grant mortgage
has purchased all the bonds which have been offered, on the basis of 3-5 per cent interest to maturity. As the remaining
bonds outstanding cannot be purchased upon these t.'rms, the above balance, $3,194,475 63, is held by the trustee, in
accordance with the terms of the land grant mortgage, on deposit in trust companies, where it draws interest at the
rate of 3 per cent. As seen in the foregoing table, t'le company also has $5,833,539 44 invested in United States bonds, in the
" Tburman Act " sinking fund, upon which it receives, at the present market price of the securities in which the fund is by
law invested, a return of 3"3 per cent per annun. It accordingly appears, that taking the securities in the Thurman Act
sinking fund at their market value ($">,93i,3^ 3 35\ and including the uninvested balance of the sinking fund ($183,494 39) as
well as the funds held by the trustee of t le land grant mortgage ($3,194,475 63), the Union Pacific Railway Co. has now no
leas than $9,300,353 17, which under the op3ratioii of law, or the terms of mortgage, is so locked up as to return to it an
income of only 2-1 per cent jer annum. It may fairly be questioned whether any other corporation in the country occupies a
3,194,475 63.

position of equal hardship.
•
j
-ii u^
be
For furtlier and detailed information, the stockholders are referred to the annual report which, it is believed, will
ready for publication on or before tLe Ist of l.'ay.
BOSTO.M, March 39, 188('.
F. ADAMS, Jr., PresL^ei^.
,

CHARLES

:

;

.

THE CHRONICLE.

436

^Jxt

[V<}L.

XLII.

COTTON.

^ommtxcml %xmts.

Friday, P. M., April 2, 1886.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (April 2), the total receipts have reached
59,095
bales, against 64.328 bales last week, 57,743 bales the previous

The Movement of the Crop,

COMMERCIAL EPITOME.

Friday Night, April 2, 1886.
on the Southwestern railroads (notwithstanding week and 62,129 bales three weeks since; making
the total
the apparent halt in the arrangements reported to-day, and receipts since the 1st of September, 1885, 4,850,597
against
many other less important labor troubles, are believed to have 4,579,287 bales for the same period of 1884-85,bales,
showing an
been practically ended iu the past week, and althought there increase since September 1, 1885, of 371,310 bales.
are numerous disputes still pending, circumstances promise
Receipts at—
the early removal of nearly all the obstacles to the progress
Sal.
Hon.
Tuet.
Wed. Thurt.
FH.
Total.
of trade and manufactures which these causes liave raised.
Galveston
483
1,094
1,294
105
950
654
4,580
The losses have been severe, and the outcome of the season's
Indianoia, Ac.
business is greatly impaired; but a lesson has been learned
New
Orleans...
5.228
3,855
3,358
1,865
509 2.164 16,989
which, in a measure, promises security for the future if not
98
842
5
323
17
254
1,537
indemnity for the past. The weather has continued spring- Mobile
Florida
15
15
like in nearly all section?, but heavy rains have caused local

The

strike

floods in

many

States, obstructing railway transportation,

and doing other damage, but apparently inflicting no serious
injury upon crop prospects.
The following is a statement of the stocks of leading articles
of domestic and foreign merchandise at dates given
1886.

March
Pork
Beef

tea.

23.405

13,229

401

443

831

tcs.

55,466
29,933
51,857
219,137
80,779
68,200
16,358
None.
776,000

39,103
30,266
50,585
231,100
54.400
109,500
18,442
None.
961,000

32.114
18.890
47.109
118,542
84,650
40,000
44.532
None.

300

lihds.

100
740

bbls
No,
bales
bbls

5,000
276,000
288,651
27,976

bbls.
bbls.

1,147
1,837
4,000
4,750

bags.
ba.gB.

mats.
hhds.
boxes.
bags, &c.

hhd

Hides
Cotton
Bosln
Spirits turpentine

Tar
Kloe, E. I
Rice, domestic
Xiinseed
Saltpetre
Jute butts

bags.
bbls.

and

Kanila hemp
Sisal

hemp

1.

24,529

hhds.

Molasses, foreign
Molasses, domestic

1885.

April

bbls.

bales.

Sugar
Sugar
Sugar
Melado

1886.
April 1.

bWa.

and

Ijard

Tobacco, domestlo
Tobacco, foreign
Coffee, Rio
Coffee, other
Coffee, Java, &c

1.

tcs.

1,582
3,500
231,500
301.754
22,763

506
1.488
1.000
1.200

bags.
bags.

15.000

10,.500

12,8.50

bales.
bales.
bales.

43,100
22,835
22,282

14.100
44.100
25,823
24,238

905,Si(0

Savannah
Charleston
Pt. Royal, &o.
Wilmington....
Moreh'd 0.,&o
Norfolk

2,047

747

1,002

2C2

819

1,452

J, 3 37

.292

523

384

147

46

26
88

151

1,328

3,875
1,365
61

1,328

1,244

1,535

740
94
897
500

245

444

700
272
663

113

2,061

220
96
750

WestPolnt.&o

New York
Boston
Baltimore
Philadelp'a, Ac.

Totals this

8

week 10,538 15,305 11,811

For comparison

2,000
113.400
343,437
36,987
1.488
1,272
11,2G0
1.900
5,000
12.250
65,300
12,156
27,704

which still exist to a free export to the Continent.
To-day the market was stronger, closing this afternoon
at 625c. for April, 6-26c. for May, 6-31c. for June, 6-37c. for
July, 6'43c. for August and 6-50c. for September. Lird on
the spot closes quiet this afternoon at 6'15c. for prime city,
6'22>^@6-27J^c. for prime to choice Western and 6'50{a6'55o.
for ref ned for the Continent.
Pork has declined 25c. perbbl., andcutmeats are }^c. per lb.
off, but the close was more active and steady
old mess pork
$9 50@|9 75, and pickled bellies i}^@5}4c.
Butter and
cheese have ruled very firm, owing to light supplies. Tallow
has declined to the very low price of 43^c. per lb.
Rio coffee on the spot has been quiet but firm, and fair
cargoes are quoted at 8j|^c., but options, though less depressed,
have ruled very dull, but are firm, with sellers this afternoon
at 7103. for April, 7-05c. for May. 7c. for June, 7-05c. for
September, 705c. for October and 7-10o. for December. Mild
grades have been more active and the turn dearer, on favorable foreign advices. Raw sugars have been tending upward,
and a good business has been done at better prices, and the
close is firm at 4^c. for fair refining Cuba and 5 9 16c. for
obstacles

;

centrifugal, 96 deg. test. Refined sugars are more firmly held
and fairly active. Molasses has also ruled firmer, and a large
business was done to-day, including ten cargoes of Cuba at
18^@19c. for 50 deg. test, closing at 19c.
Kentucky tobacco has sold to the extent of 300 hhds., of
wh\ch 100 for export; leaf is steady at 7}4@VS}4o., the latter
figure for fine heavy; but lugs are easier at 5@ 7c. for
the
whole range. Seed leaf reflects a freer movement, and prices
are steady. Sales for the week are 1,100 cases as follows- 220
cases 1881 crop, Pennsylvania, 8}4@12}4o.; 180 cases 1883
crop, Pennsylvania, 8@10c.; 200 cases 1S84 crop, Pennsylvania Havana seed, 9@llc.; 200 cases 1884 crop, Wisconsin
Havana, ll@12Kc.; 200 cases 1884 crop, State Havana, 8^4®
15c., and 100 cases 1884 crop. New England Havana seed
11@
29o.; also 300 bales Havana, 60o.@ $130 and 150 bales
Sumatra. |1 30@|1 65.
Spirits turpentine has fluctuated widely, selling down
to
40c. on the spot and SOi^c. for May, but to-day
there was a
sharp recovery, the stocks being very small, and the close
on
the spot was at 47c. bid. Rosins are also rather
dearer at
07i^@ Jl 12^ for common to good strained.
Crude petro-

1

leum

certificates have further declined under the dulness
of
exports and the liberal flow of the wells, closing this
afternoon at
crude in bbls. quoted at 6i^@6s«'c.'nbt.l8 7i^c. and in cases,
naphtha,

n^@n%c.;

8%@9J^c.;
8^0.
'^A^l^
yoean freights have been only moderately ''active.
Grain
^°'' ''^*"" *'"* petroleum charters

951
131
802
98

,

7,176

6,075

131
6,230

124
846
25

320

30
25
217
79
101
282

42

2,479
1.484

3,356
2,979
3,708

4,499

9.765

59,095

9,527
3,349

624

we give the following table showing the week's

total receipts, the total since Sept. 1 , 1 885, and the stock to-night,
and the same items for the corresponding periods of last year.

763
783

1885-36.
Seeeiptt to

ThU

April. 2.

New Orleans.
MobUt
Florida

Savannah
Br'8w'k,&o.
Charleston...

W.Point.&c.
New York...

Boston
Baltimore ...
PhUadel'a,&o
Total

1884-85.

Sitiee Sep.

Week.

Galveston ...
Ind'nola,&o

The speculation in lard has been at times quite active, and Pt.KoyaI,«SM!
Wamlngton..
some large transactions were made in parcels on the spot
M'headC.&c
yet the turn of prices early in the week was strongly downward under the free offerings that were made, and the Norfolk

ire dffflcuUto&t'"''*®"*

1,126

Brunsw'k, Ac.

1885.

1,

4,580

655,895
781

ThU

Stock.

Since Sep.
1, 1884.

Week.

1886.

920

16,939 1,610,622
1,537 234.285
15
49.765
0,075 739.950
131
15,149
5,230 454,167
121
12.997
846
95,916
25
7.315
9,527 501,502
3,349 216,037
624
50,095
3,356
88.825
2,979
48,117
3,708
39,149

419,992
CI
10.697
12,682 1,468,870
809 226,684
57
75.963
2,444 700.228
10
9.718
851 506,962
9
6.280
128
93,129
3
9,590
3,528 538,663
537 273.191
2,041
62,435
716
78,149
543
26,513
2,767
42,220

59,095 4.850.597

28.111 4,579,287

1885.

33,164

18,359

299,358
36,408

207,105
18,613

2

2

35,359

20,717

47,910
101

8,424

4,923

1,395

35,544

11.826

309,291
6,310
30,951
22,416

350,934
6,310
14,828
8,813

851,740

667,326

In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts

at—

1886.

1885.

AU others....

4,580
16.989
1,537
6,075
5,354
871
9,527
3.349
10,813

rot. this w'k.

59,095

Oalvest'n,i&a.

New

Orleans.

Mobile
Savannah....
Charl'st'n.

Wilm'gt'n,

&o
&o

Norfolk

W. Point. &o.

1884.

981

1883.

2,389
9,842
1,181
2,251
2,912

12,682

809
2,444

860

1882.

11,423
25,990
1,473
7,007
4,812

4,553
8,533
1,661
5,513
2,903

we

1881.
8,548
34,922
2,972
6,817
7,409

133

519

1,251

703

493

3,528

9,720
2,620
14,412

4,890
2,586
13,122

7,758

6,137

2,864
2,368
12,765

15.793

28,111

37,091

78,703

44,467

85,696

537

984

Since Sept. 1. 4850,597 4579.287 4619,661 5408,490 4335.107 5176,322
(Jalveston includes Indianoia; Charleston includes Port Ro.val. Ao.}
Wilmington includes MoieU'd aty,&c.; West Point includes City Point,&o

The exports for the week ending this evening reach a total
of 77,389 bales, of which 34,760 were to Great Britain, 17,241
to France and 35,333 to the rest of the Continent. Below are
the exports for the week and since September 1, 1885.
Week Endtnt April
Exvorted to—

Exportt
frotn-

Oreat

SHVn. rrance

Continent.

2.

Jbtal

From

1. 1885. to Apr.
Exported to—

Sept.

Great

Week.

Britain. France

1.937

220,9 D3 ~ia,545

12,936

41,143

696.919 273,541
8S,S59

Savannah

8,701

3.704

97.045

Charleston ....
Wilmington...

S,'J15

S.WS

1.390

11,621

2,815

9.190

745
63

3.311

77,814
42.668
181.2S3
34,299
318.243
97,276
81,081
84,927

aalTe«ton

New

1,937

Orleans..

113Se 16.821

Mobile

Continent.

2, 1886.

Total.

73.523
310,971
347,982 1.218,446
88.859

Florida.

Sorfollt

West

10,234

Point...

New York

S,955

48D

Boston
Baltimore...
PhlladeIp'a,*o
.

2.596

2,6K
31,760

17,241

25.383

Total 1884-85 38,228

6.969

9.112

8,'!05

2,828

288.646
187.408
28,184
5.709

28.123

143.3l!9

1,839

81.172

6.2S2
19,297

16,941
I.Oll

4.851

893,943
281.319
85,850
189,320
51,340
489.785
9S.817
101,188
89.281

77.389 1.820,895 319.724 1.118.629 S.283.91S

48 809 2.12T.4''B 3),S.I2i

916.5.12 3.3»8.l2a

;

April

THE

1886.]

8,

HROJNICLE.

(

437

In n<ltlition to above exports, our tele^raras to-night also ^ive
oa the following nniountH of cotton on shiplioard, not clearcil,
at the portH nuined. We add similar llguroB for New York,
which are prt«i)ured for our Bjiecial use by Meears. Carey, Yale

& Laml)ort,

89 Broad Stroet.

f

On aMpboard, not cleared—for
Al'HIL 2,

Ltatins

AT-

Oreat

BHbxin.

Mew Orleans

OocuU

20,437
NoDO.
11,000

4,730
None.

72.522

216,836

3.00

32..'.0'i

1,200
1,200
1,J35

19.000

^':,no

4,00(1
4.4(i«

;;]..(.!)

2„'>b9

9.546
12,000

Block.

Xotat.

M)Ut.

27,783
3,000

l!),5(i3

."^..^OO

1,300

Bavniiiiiili

i'..'.00

300
921
None.

5,030

None.
None.
None.
None.
None.

800

Noue.
None.

63,350

20,863

35,658

11,083

31.975
22,088

11.817

17,149
17,375

5.8S0

t:6,82t

21.688

14.ti5l

76,103

Moli11«

New

None.

a.'Jio

....

^i.il^7

i'.hOO

Y.'ik

Other iwrts
Total 1886.

Total 1885
Total 1884

Tho speculation

2,500

2H.I

fift fill fill

M

^^{Z'Zn

Charleston
GalvoHtou..
Norfolk

m

;

B:

o

:

b:

r

:

'.IH

2."..!ll<f<

5..100

aO.iOJ

130,934

720,808

05
613,039

600..'

in oclton for future delivery at this

market

the week under review. Down
to the close of Tuff day's liufirets the full receipts at the ports
and dull foreign tdvices ditccuraged operations for the rise,
but values received such flrong tpeculalive support that the
bears were not fice sellers, and the tone was simply weakly
variable.
On Wednetday the bulls took fresh courage from
a better Liverpool report and from the heavy rains at the
South, wl ich bad cauttd llcods, interrupting railroad transportation and tlirtatening to seriously delay planting operations.
The upward turn continued till about noon of Thursday, when
a rect very of 18(3 15 points from the closing figures of Tuesday
bad been realized. Then came a slight reaction, under a
weak Liverpool report, which prompted sales to realize profits,
under which the early advance was lost. To-day was a repetition of yesterday's market, an early advance on a better
report from Manchester having been lost toward the close.
Notice's for delivery on April contracts were freely issued during the closing days of March, but they were mostly stopped,
and the stock in this market begins to accumulate, showing
confidence among leading commission houses and proving an
element of strength. Cotton on the spot has been quiet, but
quotation were yesterday advanced l-16c. To-day the market was quiet and steady at 9 3-lCc. for middling uplands.
The total sales for forward delivery for the week are 896,900
For immediate delivery the total sales foot up this week
bales.
1,980 bales, including 277 for export, 1,703 for consumption,
for speculation and
in transit. Of the above,
bales
were to arrive. The following are the ofiBcial quotations for
each day of the past week.

has It en

c.(

nij Biativcly dull for

1

—

—

W^^rt o,
April

UPLANDS.
JHon Tnes

,„

Sat.

2.

|

6H

Ordln'.T.51b

BtrlctOrd..
Good Ord..

etr.G'dOrd

LowMiddV
BtrL'wMia
Middling...

Bood Mid
Btr.G'dMld
.

BtrtotOrd..
Good Ord..

G'd Ord

Low

Jlldd'g
Btr.L'wJlldi

MlddUnx...

Good Mid..

e-fl

1

611,(1

611,8

616i«

6io,fl

7i«

7ifl

7''e

7''fl

8',e

SSie
81I18
816,,
yig
99,8

8h»

86,8

6>i
61618
778
86,8
811,8

816.

9%

97,
BM.<i'd.Mld ?.>
Mldd'g Fair 1014
Fair
11078

1

1

'

W

8">"

»»,(!

9''8

O's

i

lOH

lOH

Ws

lO^e

8^

»6l«
9:41

lin,6 111

Tb. Frl.

Wed

6»18

611,8
718
8", 6
81a
878
9i«

j

fi«

7
ZL^i8
838

8\

flifl

9>«
9*16

84
8

llll«

»^

7Js
8i8

§li«
810
87e
9I9
96,8

6»,8
I

816,(

t

1

1

;

iim

Sat.
65,8

66,8

7

7

7

Ii'l8
8«ia

713i„l

713,6
8«io

8'>16

MARKET AND

66i«

»A

ai

Frl.

6H

l>
8i8

73,6

8»]6

89,«
816,8
93,6
93e
913,8

8%

8li„
S'ii'
938
913,8

10%
10%
11%

10%
10%
11%

mom Tnea Wed Tb.

STAINED.
Ctood Ordinary
^Jlb,
Btrict Good Ordinary........

8' 18

lO'lB 101,6
107,6 107
lujs ii'lS

Tb. Frl. W^ed Tb.
6%
6%
6%
1
'

611 18

7i«

S'e
9i«
96,8

9^6

9^
101,8

107"

I

;"

8 '8
91;

''8

81618
..
9
9
Oha 93,8
939
938
S'.'«
968
9%
913,8 913i6 9%
9l6l« 916,8 101,6 10%
10>8 llOiia
106, „ 106,8 107,8 101a
10 "a |107i8
lOli 19 10'6l8 111,8

LowMlddllue
MlddUng

611,8
7i«
81,6
fl4

7ifl

81,8

9%

e

Men Taes

he

81,8
S»i
K'b

101,8
lOlfl
111 J

S

61

7V

S'le

101,6

101,8

lOT, 107

Sat.

6II18

H>i
8 '8
91S
9^16
f><

8->9

9ifl

TEXAS.

Mon Tnea

OiSi.i

Wed
Ordln'y.iflfc

OH

1

NEW ORLEANS.
Sat.

779
85|«
811,6
816,8
918
9»,8
9'e

Mldd'icFairlO»4
Fair
Iio'e

Btr.

—

6618

6%

8«,e

71,8
778
8»8

Frl.
638
71,8
77e
8=8

SALES.

The total sales and future deliveries each day during the
w©ek are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
SPOT MARKET
CLOSED.
Bat..

SAXES or SPOT AND THAMBIT.
.ElOon- Spee- Tran- „

port. lump'ul't'n

Qiiict

277

Kasy

Thurs Firm at imadv..
Frl.. Quiet

....
....
....
....
....

TetaL

277 1.703'

Mon

.

Tnes.

EiiHler

Wed

Steady

.

The

,

1

361
158
305
266
321
289

lit.

'".'.
I'.'.'.

^lal-

641
158
305
266
321

289
....

—

daJly deliveries given above are aetiully
011 whlcti t.ttoy are report«d.

p:evlouB ?o that

FUTUKES.
.

Bala.

Deiiv
trie$.

92,800
75,400
43.200
63.000

100
100
7.J.0O0
49.500 4,300

1,980 396,900
delivered

the

4,500

day

Thb Salrs and Prices of Futithes are shown by the followiQK comprt'hensive table. In the statement will l)e 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.

m

Septemt>er, 1885, for Hepcember. 1J0.200 ; Septem*
Inoiuaes saies
ber-Ootober. for October, 301.700; September-November, for November,
416,400; Setember-December, for December, fl28.200; Septemberjanuary, for January, 2,004,200; September-February, for February,
1,370.090.
__ _.

Transferable Orders—Saturday, 9'05o.;

Monday,

9-050.;

Tneadaf,

Thursday, 9-15o.; Friday, 915o.
Short Notices for April— Tuesday, 9'00»9-03o.

9-050.;

Wednesday,

9-I5o.;

The following exchanges have been mad» during the week:
•22 pd. to exch. 100 April s. n. lat
33 pd. to exoU. 200 April for July
•27 pd. to oxch.
•
3 pd. to exch.
•41 pd. to exch.
•13 pd. to exch.
•1 1 pd. to exch.
•33 iMl. to exch.
•41 pd. to exch.
•1 1 pd. to exch.
•27 pd. to exch.
Of pd to exch.
1

1,500

May

for Aug.

30ii Apr. for Miiy.

200 April

for Aug.
l.iiOo Apr. for .'May.
100 April lor .May
.MK) April lor July.
60 J April for Aug.
100 May for Juno.
loO May for Aug.
2ii0 Nov. for Oct.
500 April 8. n. for regular, even.
•II lid. to exoh. 3,000 May for June.
•17 pd. to exch. loO Juno for Aug.

for June.
pd. to exoh. 500 April for Mar.
pd. to exch. 1.000 Apr. fttr Mar
•06 lul. to cich. 300 Jan. for Sept.
•04 p<l. to ejch. 500 Nov for Maj.
•10 iid. to eich. 100 April for Ma^.
•09 pd. to exi^h. 4(X) April for May.
•08 pd. to exch. 1,500 .\pr. for M^iy.
'27 pd. to exch. 2,.M)0 Dec. for Aug
•28 pd. to exoh. 100 M^y 'or Aug.
•01 pd to ezob. 500 May for Dec.
Ot pd. to ezeh. 100 Jan. for Sept.
•11 pd. to exch. 100 May for Jim*.
'

1

10

,.

*

THE C^HRONICLE.

488

•

The Visible SrvPL? of Cotton lo-night, as made up by caole
and telegraph, is as follows. The Continental stocks, as well as
retvinh,
those for Great Britain and the afloat, are this week's
and consequently all the European figures are brought dowi'
complett
to Thursday evening. Rut to make the totals the
exports trcn
figures for to-night (April 2;, we add the item of
tho United Stateb. incJuchng in it the exports of Friday only.
the
i

1883.
1884.
VS85.
713.000 1,008,000 1,060,0 JO l,012.oOO
18S6.

Btook at Llrerpool

t>»les

Total Great Britain stock

69.000

36,000

2.'.00)

Btootcat London
.

Btock at Hamburg
Btook at Bremen
Stock at Amsterdam
Btook at Rotterdam
Stock at Antwerp
Stock at Havre
Btook at MarseUleB
Btook at Barcelona
Stock at Genoa
Btook at Trieste

5,0 00

^^'nnn
7,000
4,000

211,000
5,000
60,000
10,000
5,000

1.100
133,000
4,900
57,000
S,700
6,500

350,100

391,400

422,200

2 87,300

1

IHOOOO

ifil'nnn

^^M?S
7,000

^®9',,XA
5,000

fj'9^
14,000

Total Continental stocks

,400

TotalEuropeanstooks ..-.1,085,100 1,435,<IOO 1.551,200 1,363.000
327,000
240,000
168,000
185,000
516,000
296,000
212,000
292,000

India cotton afloat tor Europe,
Amer'n cott'n afloat for Eur'pe

41,000
689,142
114,859
12,000

12,000
667,326
135,057
8,000

10.000
851.740

Egypt,Brazll,&c.,aflt for E'r'pe
Btook In United States ports ..
Stock In U. 8. interior towns..
United States exports to-day .

3U,7«3
23.256

33.000
822,450
!;3I,650

16,500

.

2,758,859 2,637,733 2.944,201 3 309,600
Total visible supply
8OI the above, tUe totals of American and other descriptions are as follow

Ameruan—

bales

Liverpool stock
Continental stocks

afloat for Europe. ..
United States stock
United States interior stocks..
Uaited States exports to-day .

American

.

8.000

748,000
IbS.OOO
516,000
822,450
231,650
16,500

__,_

261,000
69,000
95.200
240,000
41,000

220,000
36,000
101,400
168,000
12,000

186,000
22,000
8^.100
185,000
10,000

Egypt. Brazil, *c.. afloat

2C4 500
63,2)0
104,300
327,000
33,000

709,200
792,000
540,400
489,100
2.269,759 2.097.383 2,235.001 2,517,600

&0

2,758,859 2.637,783 2,944,201 3.309.600
Total visible supply
6d.
e^\.
5'\f,A.
5d.
Price Mid. UdI.. Liverpool
loc.
llSieC
ll^ieo.
9SiaC.
PriceMid.Upl., New York....

^F" The imports

into Continental ports this

week have been

93,000 bales.

The above figures indicate an inerease in the cotton in sight
to-night of 131,076 bales as compared with the same date of
1885, a decrease of 185,343 bales as compsjed with the corresponding date of 1884 and a decrease of 550,741 bales as
compared with 1883.
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 1884-85

—

is set

out in detail in the following statement.

o 7

E E

wO

Bl

^ .-- c

o P

^

q t3 E3

Coj

X M

"O

"l

a

"ci IC **

to

:

Q

p

OD OC

P

tP

£

o

r

IPi^i

Galveston

New

...

Orleans.

Savannah.

!

M I- M ^-

qd

o -;

'^

tf^

3.

f-*

o;

(-•

«-CiO®C«
cc

i^t^;

>-•

J^

t*^

i(>.

>8»
'cD

O

1

cV-o-.'^oy"

Fri.

S^'s

S'^a

878

8!>S

8=8
Hi^
8=8
H'h
H6r
H'r

8=8
8=8
8=8
878
8=8
8'8
9>4

S=8
8=s
8=8
8'8
8=8
8-8
914
9l«
9^16
8=8
81116

5 '8
8=8

8=8
^=8

8=8
8=8
8 '9
8=8
8 '8
914

..

Norfolk

Boston
Baltimore

9M

9%

9^

Wifl
M^f

91,6
8=8
Siiie
8ii,a
S's
8=8

Philadelphia.
A^ugusta

9\e

Memphis

8%

8%

8 '8
8=8

811,8
H'r
85«

858

Louis

Bt.

Cincinnati

.

.

Louisville

Receipts from the Plantations.

8U,8

8 '8

8=8
8 '8
914

9%

9%

97i«
8=8

a^iB
8=8

8"ie

8\
8%

8%
8H

8-e
8=8

H'8
8=8

8'8
8=8

—The

followmg table

indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor

Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Week

ReceipU at

EtMnt—

tlie

1884.

1M5.

..

W.4S7

Mch.

5...

68,720

50,312
56,866

"

12...

49.876
42,635

"

19
86
Apr. 2

"

Ports. Ist'k at Interior Tbtimt. Bec'ptt from PlarU'tu,
1886.

1885.

1884.

1886.

210,182 443.606

9i,887J2J7,285
68,223^205,477
42,581 62.180| 181,1:4
32.885[ 57.743|l60,8C9
28,'^10 64.328 14',236

1881.

I

19,302J

1885.

83,563
39,563

199,17i) 442,408

16.035

181,132 421,7S6

28.-13' 21,534

t70.155J892.732
158,173 338,302

19,030
Sl.Bll

1

1886.

87,303
68,025
11,457

21,608| 2-<,7!9
16,880' 29,998

.

K,8S4

..

37.n9ll 2-'.lll' 69.0115'l25.39l 114.998 335,''i03' 2l.24n' 11.934' 86,3')6
'

—

The above statement shows 1. That the total receipts from
the plantations since September 1, 1885, are 5,170,410 bales;
in 1884-85 were 4,707,070 bales; in 1883-84 were 4,695,899 bales.
2.
That, although the receipts at the outports the past week
were 59,09,5 bales, the actual movement from plantations was
only 30,360 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 14,934 bales and for 1884 they were
31,349 bales.
Amount of Cotton in Sianr April 3.—In the table belc-w
we 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
substanti^y the amount of cotton now in sight.

—

1885-86.

1884-85.

1883-84.

1882-83.

Receipts at the ports to Apr. 2. 4,850.597 4,579,237 4.619.661 5,108,490
Interior stocks on April 2 In
76,238 240,667
319,813 127,783
excess of Septemhcr 1
Tot. receipts

from planta'tns 5,170,110 4,707,070 4,695,839 5,649,157
6-2,645 556,182 526,a28 572,324
1
253,000 217,000 2313,000 24J,000

Net overland to Api il 1
Southern oonsumpt'n to Apr.

6,IC6,055 5,480,252 5.458.227 6.401,481

-•'8

w*

t O'XQC® —

CO

rf-

'C

O O b. OCif>- :C 33 O

•

iC^-i^tO-sJCOODODrf^

WW

is

is

6Ai,8i8 bales and the decrease from

355,126 bales.

Weather Reports by Telkqraph. —A heavy rain-storm

CCWCOOlCn — (tkWM-^ K> tC H- <I — iJ" -q y<
f-^MC^^-ipMtC^-^iWXiWtCCDtfi « Vice**

-j o fc »— i^ o o
ta'wcr tf-'cc
-i to O'coII!
Od^tOXXMQO'iO' tO**-JCCCD^^^

'

Thurs.

87.,

as comiiared with 18S3-84

COM

Ob

Wednes.

S'^S

It win be seen by the above that the Increase in amount in sl^ht
to-night, as compared with last year, is 625,803 bale-', the Increase

I

«fc

.

Wilmington

Tues,

858
8=8
8 '8
858
8 '8
9^4

..

Charleston

Mon.

Satur

Mobile

1882-83
K-! (tk

CLOSING QDOTATIOSS FOR MIDULINO COTTON ON-

Week ending
April i.

Northern spinners' takings to
1.487,461 1,17.5,585 1.298.752 1.451.826
Aptil2

K H to W

M

Wow

we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
ilay of the past week.

Total in sight April 2

SB*

aOdf^-^Hf^-Oi

*4

QUOTATIONS FOR MIDDLING COTTON AT OTHER MARKETS.—
ii the table

Feb. 26

2.269.759 2,097,383 2,235,001 2.517.600

Total American
Xatt Indian, Brazil, Ac—
Uverpool stock
london stock
Continental stocks
India afloat for Europe

Total East India.
Total American. 1

796,000
327,000
296,000
669,142
114,859
12,000

788,000
287,000
212,000
667,326
135,057

527,000
264,000
292,000
851,740
311 ,763
23,256

XUI.

bales more than at the same period last year.
The receipts at
the same towns have been 6,237 bales 7nore than thp same
week last year, and since September 1 the receipts at all the
towns are 573.556 bales more than for the same timi: iu 1884-5,

63,200

735.000 1,044.000 1,129,030 1,075 700
3,20U
3,800
6,000
4,100
40,300
69,000
54,000
41,^00
29,0C0
53,000
0^,000
29,000
2,600
1,000
500
500

[Vol.

ha*

10
Si

?

with a marked change in temperature passed over a large
portion of the South during the early part of the week, being
especially severe in the Southwest, and causing floods in some
In consequence planting operations h ive been temsections.
porarily interfered with. At ofier points, however, gojd
progress has been made with farm work.
Galveston, Texas.— It has rained on one day of the week,
the rainfall reaching twenty-four hundredths of an inch. The
thermometer has averaged 61, the highest being 70 an 1 the
lowest 38. The rainfall during the month of March reached
four inches and fifteen hundredths.
Indianola, Texas. We have had rain on one day of the
week, the rainfall reaching two hundredths of an inch. Corn

—

coming up well, and cotton-planting makes good progress.
The thermometer has ranged from 40 to 78, averaging 63.
During the month of March the rainfall reached four inches
and ninety-two hundredths
C" M OJ OS 00 05
OtSOp-twrCKJOi^CJ,
01 W O 00 0, 1^ CD
ao — uowQo
OC0^^l0CdO0Q^0305O3I^^Cd0DCD^Q
Palestine, lexas.—lt has rained on one day of the week,
the rainfall reaching one inch and fifty-two hundredths.
^1
There has been killing frost and ice on two nights of the
05i^tnCO*.C00500'.CO'
OC^ttJtcVwVl
week. Good progress is being made in planting cotton. The
* This year's figures
thermometer has averaged 54, ranging from 33 to 75. Rainestimated.
The above totals show that the old interior stocko have fall for the monti of March fivj inohej and fifty-seven
a c M -q
OS — c;
x *. 0>
ifi.

cc #-

I**

Oit^wso>oortoo:o>i»-i^O'0'C»viecGDa3

is

tjt

aecrfated ^uiw* the vei^k 23,468 b»le9 and aie to-night 176,706

hundredth',

.:

'

ArniL

THE CHRONICLE.

3, 1886,1

New OrUann, Lnnisiana.— It
the we.'k,

has rained on Ave day* of
and forly hun-

rea-hinsc three inches
tiiermoiueter lias iivera^ed 63.

tlio riiiif.-U

Tne
dreillhi.
S'ir-oii> irt, /^)'<(«Ji'»'i.— T.'ln;?ratn not received.
Ctlitn'>-ii, Misniisi/ipi.—Vfahiwe ha I raia on four day.^
of thj vveeV, the raiiifill rewhla^ ^iv^n iinhji ill t-vj h'j iPla'Uina; propiraUorn are eKteuily biok^.ir I, Tiie
drelths.
therm>in>'er hi^ raiiuiel frotn3) lo75 av Ta^inj; 51. Darin.?
vn;h the rainfall reacheJ ni.ie iachej and
the monih of

M

forty-oii;ht hundredths.

Leland. .tf/sv/sv/ppi.—Telegram not received.
Rode Arlcaiiiai. — Velef(ra'n not received.
Heleni, Arlcan1^^>.— It has rainmi on five days of the week,
the rainfall reachinsf two inches and ninety-one hundredths.
Killfng fro^t on two nights. There are indications of overflowon the l.wlands. The therminieter has averaged 4S, tlie
highest bt'ins; (iS and the lowest 30.
Memphis, I'enwisiiee.— It ha-s rained on six days of the
week, tlie rainfall reaching two inches and fifty-nine hundredths. Corn plantinjj has made (rood progress. The thermometer has riinged from 33 to 67>5. It rained on eleven
days in March, anrl the rainfall reached three inches. Tlio
thermomtter averaged 49, the highest being 81 and the lowest
La-t week we had no rain and good progress was made
27.
with farm work. Average thermomtter 57, highest 79 and
JyUtle

lowest

3(J.

Tenne.wee.— We have had rain on six days of
the week, the rainfall reaching four inches and nine hundredths. Tlie thermometer has averaged 48, ranging from 33
Na.ihoille,

to 01.

Shlpinrnit IKU

Tear rfrml OnnH-^

43 to 73.

I

flrrnf

„..,..,

'

OohHI

IMS

.

rsAaa.
M$ettpU,

I

_
Tnin.

TUtt

I

Tear.

'

9:*-

1,000

J.OOO
f.ooo
17,000

i

?.7I.0f0

•/in.ooo
44)I.OOO

'.OfiO

522,000

-',000

^000

Aooording to the foregoing, B<mii>ay appears to ahOw an
Increase compared with lant year in the week's reoolptBiof
12,U0(: hales, and a dearease in shipments of 18,000 bales, and
the shipments since January 1 she wan fnoreojts of 88,000 b«lea.
The movement at Calcutta, Madras and other India porta for
the last reported week and since the Ist of January, for two
years, has been as follows.
"Other ports" cover Ceylon,
Tuticorin, Kurrachee and Coconada.
Bhijymtnli for Ihe week.

Sreat

Continent.

Britain.

Oaloatta—
1886
188S

6,000

OUpmemti ttnet Jmnuuy t.

|

Oreai
Britain. ^OonHnent.]

26,000
30,200

.1,000

1,000

•.?,0>)0

1886
1885
otbers—
1886
1885

1

I

Total.

»,000

TokU.

17,000
8,800

42,000
ap,ooo

20,000
18,500

12,000
6,600

32,000
£2,000

47,000
4H.700

29.000
16,300

76,000
6.%0OO

Madras—
2,000
4,000

'4(000

All

1,000

600

5,000
3.000

l.fiOO

1,500

aU-

1886
IS't'S

5,000
4,-

00

The above totals for the week show that the movement from
he ports other than Bombay is 500 bales mcrt than same
sveek last year. For the whole of India, therefore, the total
shipments since January 1, 1886, and for the corresponding
periods of the

two previous

years, are as follows:
BXPORTS TO EBROPB FROM AU, INDIA.
1886.

Shipments
Europe
from —

to all

Sombay

—

nmntmm voa rooa
BMpmtnlt Mne* Jan.

aito

|

itfflU.

—

—

wwt

'

rotil

Mobile, Alabama.— It has been showery on two days and
has rained severely on three days, but as the week closes the
weather lia.s turned favorable. The rainfall reached seven
inches and ninety-nine hundredths. It is claimed that much
damage h:vs been done by overflow. Planting delayed.
Average thermometer 60, highest 69 and lowest 40. During
the month of llarch the rainfall reached fourteen inches and
sixty-two hundredths,
Montgomery, Alabama. Telegram nrt received.
Selma, Alabama. It has rained constantly on two days of
the week, the rainfall reaching eight inches and twenty-five
hundredths. The thermometer has averaged 61, ranging from

439

aoMBAr taouim

1885.

1884.

Thie
week.

Since
Jan. I.

Thi$
week.

Jan.

16,000
5,000

337,000
76,000

31.000
4,500

249.000
65,000

ThU

Sine*
1.

week.
69.0001

Binee

Jan.

\.

Auburn, Alabama. There has been too much rain. We Ill otber ports.
5.000 110,000
have had an unusually severe storm on four days, but as the
Total
21.000 413.000 38,500 314,000 74,000 556,000
week closes there is a favorable change in the weather. We
have had killing frost but no serious damage done.
The
Alexandria Receipts and Shipments.— Through arrangethermometer has ranged from 36 to 71, averaging 58, and the ments we have made with Messrs. Davies, Benaclu & Co., of
rainfall reached five inches and ninety-one hundredths.
Liverpool and Alexandria, we now receive a weekly cable of
Madiion, Florida. Telegram not received.
the movements of cotton at Alexandria, Egypt. The following
Macon, Georgia. It has rained severely on three days of are the receipts and shipments for the past week and for the
the week. Planted lands have been badly washed, and the oorresponding week of the previous two years.
water courses are higher than ever before known.
Alexandria, Egypt,
Columbus, Ueoryia. It has rained severely on two days of
1881-35.
1885-86.
1883-84.
March 31.
the week, the rainfall reaching five inches and twenty-four
hundredths. The thermometer has averaged 56, the highest Beoelpta (oantars*)—
being 63 and the lowest 43. Rainfall during the month of
4,000
34,000
TUB week
i2.etoo
2,907,000
3,304,000
Since Sept. 1
2,CO9,Q0O
March ten inches and ninety-one hundredths.
Savannah, Georgia. We have had rain on four days of
Ihie
Since
ThU Since
Thie
Since
week. Sept. 1. week. Sept. 1. vieek. Sept. 1.
the week, the rainfall reaching forty-one hundredths of an
inch. The thermometer has ranged from 47 to 77, averExports (bales)—
aging 65.
l.OCO 281.000 4.000225,000
4.000 211,000
To Liverpool
. ....
5,000 138,000
1,000 154,000
Augusta. Georgia. We had heavy rain on three days in
2,000j 112,000
To C!ontlnent ....
the early part of the week, but the latter portion has been
9.000 349,000 2.000 435.000 6.000 337.00O
Total Europe
clear and pleasant. The rainfall reached five inches and fiftyA cautar U 9» We.
eight iiundredths. The rivers have been very high and there
This statement shows that the receipts for the week ending
is a general inundation of low lands in this section.
The thermometer has averaged 59, ranging from 37 to 83. During tlie March 31 were 4,000 cantars and the shipments to all Europe
month of March the rainfall reached seven inches and forty- 9,000 bales.
*
two hundredths.
Overland Movement, &c., to April 1.—In our editorial
Atlanta, Georgia. Telegram not received.
columns to-day will be found our regular statement of overAlbany, Georgia.— Riin fell on four days in the early part
exports, spinners' takings, &c.,
of the vvtek. but the latter portion has been clear and pleasant. land movement, receipts,
The rainfall reached one inch and ninety-five hundredths. brought down to April 1.
The thermometer has average i 63, the highest being 80 and
Norfolk's Bank Failure.— A correspondent at Norfolk,
the lowest 39.
Va., writes us as follows under date of April 1
Charleston, South Carolina. It his rained on four days
"Referring to your valued issue of April 4, 1885, Vol. 40, 2d
of the week, the rainfall reaching seventy-one hundredths of
an inch. The thermometer has averaged"6Lt, ranging from 43 col., page 404, speaking of the 'collapse' of the Exchange
National, I am gratified to be able to inform you that our comStatebnrg, South Carolina.— It has rained lightly on one munity has in a great measure recovered from that severe
day and heavily on two days, the storm of Wednesday morn- experience, and confidence is quite fully restored. Our receipts
acknowledged short crops in North
ing being unusually severe.
The rainfall reached three of cotton, considering the
Carolinas, are about 500,000 bales—a very fair comand
South
inches and sixty-six hundredths.
The thermometer has
parison indeed, all things considered.
ranged from 40 to 77, averaging 59-7.
" While our direct exports are not so great as last vear, yet
Wilson, North Caroiuia.— Telegram not received.
The following statement we have also received by telegraph, my record shows that 97,070 bales have been shipi)ea abroad
showing the height of the rivers at the points named at 3 o'clock on through bills of lading, via Boston, New York, Philadelphia
and Baltimore; these shipments do not appear to the credit
April 1, 1886, and April 2. 1885.
of our exports, being counted as exports at the port where

—

44<!,00O

—

—

1

—

—

—

—

Ayr.

Hew

Feel.

Orleang*

Memphis
NanhvlUe
ohreveport
Vlckahurg
*

Al)ove low-water mark.

Above low-water mark.
Above low-water luaik.
Above low-water-iuark.
Above low-w»tiT-ni»rk

fl

,

'86.

Inch.
*.

27

40

4

16
2a

1
1

cleared.

Apr. 2
Feel.

3
17

7
ia
31

Inch
1

2

4

Now

mark

reported above low-war^r mark, tusCead ot Ooluw luisa-waic*
as prior to October 30, 1885.

India C!otton Movement from all Ports.— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to April 1,

" In conversation with the Manager of our Clearing House
morning, he said fully ' f 600,000 banking capital had
been invested here and in Portsmoth since April la^t, and that
real estate was commanding full figures, with fair Inqniry.
Considerable building is going on, and our transportation lines
are steadily adding to their equipment.
" From the foregoing short summary you will readUy see
that Norfolk's business interests are steadily improving, and
that our disastrous financial experience of April, 1885, has
been in a great meisure overcome and ths confi Unce of out
people fully restored."
this

.

.

THE CHRONICLE.

440

—

East India Crop. In their cotton report, dated Bombay,
February 26, Messrs. Wallace & Co. remarked
Receipts of cottou continue to show an increase over last year's
figures. This was expected, however, as this year's Oomrawutcee crop,
:

which the bullc of arrivals consists, isi larger thaa last year. Small
Broach and Dholleras have also come to hand. The former is of

of

lots of

better color, being whiter, with almost total absence of a yellowish
tinge, than has been obtained for many years; but as usual in rtrst
ariivals, is a little deficient in staple. The DhoUeras are satisfactory,
both as regards appearance and staple, and large supplies are expected
this season. Eespecting exports from January 1 to June 30, the general opinion here favors about 900.000 bales, but with some improvement in prices, this figure would no doubt be exceeded.
From Messrs. Gadduni, Bythell Co.'s report of like date,

&

we have

the following
The shipments to Europe
:

this

week have been on a comparatively
week for " February

large scale, in consequence of this being the last

shipment:" and although our receipts amount to 50,698 bales, or 10,500
bales more than last week, the stocks of cotton here actually show a
decrease compared with this day week. The depressed state of the
European and American markets, combined with the absence of demand
here, has, howevtr, caused holders to oe more anxious te jiart wi'h their
stocks, and there are now willing sellers of nearly all descriptions of
cotton, both ready and forward, at a reduction of iisd. to «%-3d. per lb.
from our last quotations, but there have been very few purchases made
during the week, most of the cotton exported this week having been
either bought up-country for shipment or been received against previous
contracts.

Receipts in the Oomra and Dhollera districts show hardly any increase
compared with last week, the harvesting of the wheat and seed crops
having retarded supplies; but larger receipts are expected about a fortnight hence. The ciuality of the cotton received at the Oomra markets
continues to improve, and all grades are now procurable in rair quantity,
from " fully-good fair " up to ' fully-good." Broach ie coming in more
freely, 5.016 bales of this growth having been received here this week,
and the quality continues satisfactory. Favorable accounts have been
received from the DharWar, Western and "Tinnevelly districts, and large
crops are

still

anticipated.

[Vol. XLII.

This statement shows that the receipts since Sept. 1 up to
to-night are now 376,639 bales more than tboy were to the same
day of the month in 1885 and 244,365 bales more than they were
to the same day of the month in 1884.
add to the table
the percentages of total port receipts which had been received
to April 3 in each of the years named.

We

Jute Butts, Bagging, &c.— There has been a moderate
for bagging since our last, aad considerable stock baa
been taken for consumption. Buyers are looking round for
any cheap parcels that may be offered, but there is not much
call

to accept less

disposition

been sales of some 7,000

than quoted

The Exports of Cotton from New York

this week show an
compared with last week, the total reaching 9,190
bales, against 8,488 bales last week.
Below
give our usual
table, sho-wing the exports of cotton from
York, and their

increase

we
New

direction, for each of the last four weeks; also the total exports
and directions since September 1 , 1885, and in the last column
the total for the same period of the previous year.
Exports of CoTroK<B.<.LB») yaoH Naw York siwcb Sept. 1, 1885.

Comparative Port Receipts and Daily Crop Movement.

—A comparison of the port movement by weeks

not accurate
as the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1885, and in previous years, has been as follows.
Tear Beginning September

MontMv
Beceiptt.

1885.

1884.

1883.

1882.

Bept'mb'i
383,642 345,443 343,812 326,636
October. 1,055,524 1,090,383 1,046,092
980,584
ovemb'j 1,033,552 1,122,164 1,030,380 1,094,697
Deoemb'i 1,069,920 1,104,211 1,059,653 1,112,536
January
543,393 475,75';
487,729 752,827
February
414,656 261,44!
385,939 595,59f
March... 283,645 163,503 241,514 482,772

"Week

11.

Tot.Fb.28
Mch.l....

"

2....

"
"

3....

"
"

6....

"
"

7....

"
"
"

,552,687
8,473
13,276
9,250
8,514
15,102
5,792

4....
6....

B.

8."

13,081
12,745
7,939
8,352
14,220
8,790

9....

10....
11....

" 12...
•'

13....

" U....
" 15....

"

8.

11,491
9.622
8,165
7,108
12.567
8,330

16....

« 17....
" 18....
••

19....

" SO....
"21....
"22....
" 23....
" 24....
"25....
" 26....
••

8.

12,926
12,023
8,755
6,857
15,437
10,538

27....

" 28...

8.

" 29....
••

30....

•'

31....

15,305
11,811
1,176

4,

399,411
8.

10,707
10,336
6,318
7,118
12,98(
6,929
8.

11,436
5.139
5,009
4,891
10,177
5,207
8.

8,898
6,173
2,487
3,338
7,782
3,801
8.

3,538
5,382
4,840
5,930
5,299
3,177
8.

4,030
4,531

Tot.Mr.31 4,836,332 4,562,914
Apr. 1...
4,499
5,030
" 2...
9,766
5,994
Total

,353,604
11,840
8.

11,144
11,606
8,443
7,494
18,193
8,128
8.

8.342
8,610
7,207
19,724
11,589
4,568
8.

7,958
8,358
4,946
6,917
9.888
8,795
8.

8,923
7,437
5,657
6,556
16,643
4,872
8.

7,676

B.

26,858
22,876
16.430
13,081
25,693
13,932
B.

19,421
16,729
24,551
12,952
23,596
12,548
8.

15,988
17,877
18,444
12,175
28,050
10,001

1881.

777

463

540

CotaltoObgat Britain

14,575

6,661

6,64S

5,935 318,243 319,494

Havre
Other Frenohporta

C02

446

730

20 27.423 31,436
400
700
1,587

lOTAL FRBNOH

602

446

730

420

28,123

33,023

Bremen

593
l,2n0

Otherports.

2,178

606

260
550
300

516

...

266
970

24,842
43,599
58,547

24,657
38,174
52,582

429,777
458,478
853,195
968,31S
974,041 1,006,501
996,807 1,020,802
487,727
571,701
291,99C
572,728
257,09r
476,582

1E81-82

6,519
7,625
10,803
6,913
8.

13,485
8,582
11,056
6,673
12,033
5,009
8.

10,207
10,900
1C,289
7,077
13,072
9,411
8.

8.

13,242
8,840
10,090
8,894
11,439
9,262

15,605
12,970
11,244
15,087
22,089
15,888

9,391
10,800
7,763
7,058
9,761

B.

1880-31.
,598,528

20,473
12,465
16,505
22,115
21,006
8.

23,948
21,435
18.576
19,011
28,130
17,256
8.

25,282
19,161
13.192
14,900
18.406
15,917
8.

17,571
13,407
8,052
22,353
16.390
12,074
8.

17,355
13,286
10,111
10,169

,595,118 5,345,670 4,290,640 5,075,110
6,344
B.
6,612
15.516
5,770
8,096
B.
10,903

4,850,597 4,573,958 4,606,232 5,353,766 4,297,252 5,101,529

95-96

94-97

88-94

6.108

1880.

Fwoentage

of total
port reo'pta Apr. 2

1.

5,955 2=1.251319,223
36,9-J2! 30,271

6,190

1.

.,862,898 4,033,541

14,588
24,228
19,886

25.

13,798

Hamburg

91-02

86-84

),15o
1.149

TOTALTO North. Europe 3,414 2,399 1,110 2,815 126,988 115,413
Spain, Op'rto,Qlbralt'r,&c
A.11

other

Total Bpaih, &c

.

"356

"149

350

149

week, and since September

1882-83.

18.

Total
period
since Iprevi'ut
Sept. 1.
year.

Liverpool
OtherBrttlsb ports.

This statement shows that up to Moh. 31 the receipts at the
ports this year were 373,418 bales more than in 1884-85 and
241,314 bales more than at the same time in 1883-84. By adding
to the above totals to March 81 the daily receipts since
that time, we shall be able to reach an exact comparison of
the movement for the different years.
•
1883-84.

Same

March April

ilarch March

Grand Total

1884-85.

ending—
I

Exporled to—

is

Total
4,836,332 4,562,914 4,595,118 5,345,670 4,290,640 5,07.5,110
Pero'tage of tot. port
receipts Mch. 31..
95-51
94-73
88-80
90-89
86- iO

1885-86.

There have

figures.

various grades, at 6'4'c. for
iy2. lb., 6;»^c. for 1% Iba., TJ^c. for 2 lb. and 8,14'c. for standard
grades, and these figures will still buy, though some dealers
are asking a fraction more. Butts are ojly called for in a
small way, and the market is rather easy. For paper grades
the quotations are l:'-.i@ljgc., with the lower price accepted
for 500 bales.
Baggiug is about as last, 3@3,'4C. The stock
on spot is 44,000 bales, which with 251,357 bales on the way,
give a visible supply of 895,357 bales, against 337,9C4 bales
the same time last year.
rolls,

18.8411 9,655' 8,438

3.402
12,979

2,588
9,784

16,381

12,372

9,190 489,735 510,302

The Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the pa8t
1,

1885.

Nkw York.

Philadklph'a

Baltimorx.

BeeeipU
'

from—

New

Sept. 1.

6,e05

Orleans.

Texas
Savannah.

Since

Thit
week.

6.094
2,830

..

224.761
293.765
192,783

Mobile
7

Florida

8,718

800

21.461

Virginia

2,052

158,641

624
316

Foreign

Since
Sept. 1.

Thi»
meek.

Since
Sept. 1.

i

!

TM»
week.

I

Since
Sept. 1.

10.408
13,878'

1.050

56,576

1,848

3,048

ie,4l-J

80. Carolina.
No. Carolina..

North'n ports
Tennes9ee,&c

Thi»
week.

11,219

1.545

40,631

5,523

15,585

6,705

1,200

5S,915

51,602

1,-298

4.379

60,707

50,047

3,709

79,101

146

13,403

2,027

71,866

39,722

35,061

2,013

This year..

28,152 1,083,905

11,895

330.148

456

Last yoar.-

12.tt5.' 1,0,^4,116

3,443

344.038

3.flS7

104.583

4.218

174,472

759

188.814

86,5501

—

Shipping News. The exports of cotton from the United
atetes the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
63,846 bales.
are the same exports reported by telegraph, and published in

With regard to New York we
the Chronicle last Friday.
Include the manifests of all vessels cleared up to Thursday
night of this week.
Total bale*.
Liverpool, per steamers City of Chicago. 1 ,464
Republic. 797
Servla, 1,796
Spain 1,660
5,955

Skw York—To

Nevada. 238

To Havre, per steamer Amerique, 20
To Bordeaux, per steamer Chateau Latlte, 400
To Bremen, per Btcamer Main, 516
To Hamburg, per steamers Khaetla, 1,000
Suevia, 50
Wandrahm, 100
To Antwerp, per steamer Waesland, 799
To Copenhagen, per steamer Gelser. 100
To Croustiiilt, iier steamer Crystal. 250
SBW ORLEANS—To Liverpool, per steamers Callfornian. '.i!.595
-.

20
400
516
1.150

799
100
250

....taribbean, 2,474. ...Guido. 7,281.. ..Norfolk, 3,234....

San Juan, 5,li()2
Elise, 3.204
To Havre, per ships Arklow, 5,316
To Reval, per bark Marts August, 1.973
bark
Trieste,
per
Orsola,
To
4 80
Savannah- To Cronstadt, per nark Julie. 2,900 Upland
Oharleston- To Liverpool, per bark Scolla, 2,523 Upland
Galveston—To Liverpool, per barks J. H. McLaren, '2,I>07
Merse.v. 2,230

Norfolk— To

Queen of the Fleet, 4.589
Balti.more— To Antwerp, per steamer City of Truro. 650
KanBoston— To Liverpool, per steamers Catalonia, 3,542
sas,

Liverpool, per bark

2,320

To Halifax, per steamer Linn O'Deo, 205
To Yarmouth, per steamer Dominion, 69
Total

„

-

20,646
8.520
1.973

480
2.900
2.525
4,737
4,589

650
5,86-2
'205

69
62,346

—
Apbu.

,

a

. :

.

THE CHRONIOLR

8, 1886.]

The partloulan of these ahipmenta, arranged In our usual
form, are aa foUowH:
.1

Harre Brtmen
Livtr-

S.KAS

42)

N. Orlesna. 20,046
SAVUIMUth,.

8,920

York.

Oalviwum

Ham-

<t

burg,
l.OUd

ileimx.

pool,

New

Bor-

it

nlierrp
anil Keval li Genoa Ilalifax
Co/ien- Oronand li Tarhaiien. tladt. Tri.ttt. mouth. ToUU.

8B9

240

2,825
4,737
4,580

,

Norfolk....
Baltimore..

660

Boston

6^0
274

6,136

274

62,310

5,S62

ToUl... 44.3U

8.910

1,519

l.OOli

480

5,123

Below w^e add the clearances this week of yessels carrying
cotton from United States ports, brinj<ing our data down to
the latest dates:
Gai.vkston-Foi- Mvcrpool— Mftrch 27— Bark Roma, 1,937.
Kew Oki.kans— For LlTornool Marcli 20— Steamer Nnsmyth, 2,817
•

29— Stoaiiior

Murcli

.

For Antwerp— March 23— Steamer Zeeland, 53.
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
Darlington, rteamer (Br.), before reported. The steamer Trinidad,
which arrived at Now York from Hcriniida, March 2.5. brouglit 100
bales of cotton ex wiecked steamer Darlington. The steamship
Benhope will take cargo for the Darlington.
Bebtiia. balk ((Jer.). Koster. from New Orleans, Jan. 29, for Bremen,
wa< seen March 9, hit. 20 N.. Ion. 51 30 W., with loss of fore and
main masts. She had Jurymasts rigged, and was heading for the

^'^ <•" »*»«'» 'n pone* and
.Gr^f**
aS-MA. and S 01 nuant 5 l-04(f.
«ai. Mch.
0|Mn Bith

March

E. T, G.. bark (Br)— A Board of Survey. held Slarch 20, on bark E. T. G.,
before reported on Arc at New Orleans, reported that little
damage was sustained by the vessel. The bark ha't seven feet of
water in her lower hold, which was pumped out by the crew. Her
damajted cargo of cotton was discharged at New Orleans, and on
March 27 commenced reloading for Liverpool. Ligbtning struuk
the E. T. (4. again on the 2ytb, and the Are was extinguished by the

captain without damage.

Cotton freights the past week have been as follows:
Satur.

JTon.

Tut*.

Wednet.

Thurg.

Fri

»««

»a

».4

964

»64

964

•«

..*•

.--.

"ss

1>39

"sa

d.

BaU...d.

Havre, steam

e.

"32

-.-,

.--,

1'S3

"32

e.

.—•

..-,

....

.-..

—

Bremen, steam. .e.

"sa

'isa

»32

"32

"32

"32

..-.

.

...

...

Do

gall

Do

eaU....c.
....
.—
Hamburg, steam.o. »32«i>ie »32»'l8

Do

sall....e.

Amst'd'm,

steani.e.

Do

8all...o.

....

32

Beva), steam.. ..(f.

Do

sail

Genoa, steam

c.

Trieste, steam... e.

*

32V

Per 100

32V

32Jfl*

321a'

...a

•••

....

....

's»

^38

^3S

'32

^32

H

H

'16'»''S2
"4

8iea''33

8f<

321a*
732

....

.--.

Antwerp, steam. .e.

....

....

-*

c.

Baroelona.stoam.e.

—

.

^^16 »32®''l6 932«'*16 9323^10

^3fl

...

V

»iea»8 9l6®=8
'18*732 ^10^''

9l6®»8

Olea^i

3i6l»732

'l6®'32

H

^

"4

M

H

9<.4

»U

9*4

964

964

lbs.

—

Liverpool. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c., at that port. We
add previous weeks for comparison.
March 12 March
Bales of the

week

bales.

Of which exporters took
Of which speculators took..
Sales American
Actual e.^port
Forwarded
Total stock— Estimated
Of wnich American— Estlm'd
Total impiTt of the week

Of which American

Amonnt

.........

60.000
3.000
4,000
48,000
2,000
11,000
671,00t>

495,000
42,000
38.0011

..lloat

20S.0O(

Of which American

196.000

The tone

19. JlforcA 26.

62,000
2,000
3,000
53,000
4,000
9.000
677,000
492,000
73,000
57,000
262,000
194.000

66,000
2,0C0
5,000
51,000

April 2
57,OtJ0

3.000
4,000
4i,000

4.000

6,000

12,000
710,000
522.000
106,000
88,000
238,000
144.000

18,000
713,000
627,000
77,000
61,000
209.0CO
126 0«o

Uverpool market for spots and futures each
day of the week ending Aprils, and the daily closing prices
Of spot cotton, have been as follows:
of the

Saturday Monday. TuMday,

Bpot.

ITednct, TAurtd'y.

Market,
it,
(
12:30 p..u.\

Quiet.

BtesdT.

Dull.

Steady.

Hid. Upl'ds

4l6,a

4Hiie

5

5

4"l6

ICld.Orl'ns.

4l6i9
6

5

3>16

7.000
1,000

10,000
2,000

7,000

Dnil.

Bteadr.

Sales

Byec.&exp.

Market,
5

p.

M.

<

5

500

10,000
2,000

Quiet at
1-<M de-

FrtdO:

Good

Fully

Inquiry.

malnt'ncd

12.000
2.500

5
5I|6

10,000
1,000

i.

4 87

4 87

4 87

4 67

4&7 487 4 57
4 57 4 57 487 4 67
4&tt 4S9 490 489
ids 4 62 4BS 4(tt
BOO 800 600 600
SOS 3 08 8 03 603
t04 804 604 6 04

Aprtl-May..

May^une...

8opt-Oet.... 8 01

The opening,

Easy.

Bareir
steady.

highest, lowest
Jjiverpool for each day of the

8 01

8 01

5 01

M.

mmk*

4 aS

TSM., Mch. a*.

OPM

Low. Olm.
4.

468 468
488
488 *M
460 460
4«S 488
6 01 SOI
604 604
805 608
502 soa

4U

Wednss., Mch. 3t.

d.'

4 67

4 61

4 67

604

487
467
469
461
600
608
804

8 01

6 01

iK
480
4a«
BOO
8 03

Lorn.

OlM.

4.

4
466
46«
466
468
480
48S

4.

d.

4«« 4Mi4ea
468 4M 4B6
488 488 4ftS
468[488 488
4 81 4 81 480
48a 483 488
801 B02 BOI
BOS BOS BOS
600 BOO 600

l-«4 ad-

Qoiet.

vance.
Steady.

and closing pnoee of futures at
week are given below. These

FrI.,

OIOI.

Opan

BUh

Zmo.

Olot.

d.

d.

d.

d.

d.

d.

d.

4 87

4 68

April
April-May..
May-Jooe...
Jane-July..
July-Aug...
Aug.-Sopt ..
September..

d.

487 488

487 488 4 57 4 68
4 60 480 480 4 60
4 82 488 4 62 4 63
800 5 01 6 00 8 01
8 03 SOS 6 03 SOS
804 8 05 504 5 08

Sept.-Oct... 8 01
Oot.-NOT.... 4 62

BOI

BOS
BOO

8 02
4 62

6 01
4 62

5 02
4 62

0pm BWk
d.

460 480 48» 489
460 460 480 489
4 62 4 62 4 62 462
5 01 6 01 800 600
803 6 03 5 02 608
5 06

5 06

5 07
6 04

6 04

6 01

6 05

Apr.

IMD. out.

d.

4.

4.

460
460
469
600
808

4IM 480
480 480

6 06
8 08

8 09

6 01

6 01

806 5 0.1
803 8 08 608

460
460
46S
500
502
60S
SOS
soe

6 01

6 01

5 05

607 606 608
603 SOS
5 01 600 600

!l.

4 82

4 82

800 800
60S 802
5 05

BREADSTUFFS.
FiilUAT, F. H., April 2. 1880.

The heavy rains
streams, and there

in the Northwest have swollen the mill-

is, in consequence, a large increase in tha
production of flour and meal in that section, promising an
early increase in supplies at the seaboard, and a natural
desire to effect prompt sales and keep 8tock^ low. At the
same time the weather has been unfavorable to trade. Piices
have therefore in soma cases favored buyers, but there has been

much

irregularity.
The close is quiet.
The wheat market has been quite unsettled. The speculation in futures was moderately active most of the time, but
the mirket lacked exciting or dominating influence. The
most important feature of the week's operations was the large
business on Tuesday in spring wheat for export and home
milling about 250,000 bush, having been purchased on that
day and on the previous evening. This gave an impulss to
the speculation for the rise, but as the foreign market continued spiritless and supplies showed little diminution, the
movement was not sustained, and values fell off. Tlie reports
of the war-like attitude of Greece caused renewed strength,
especially this morning but more peaceful advices caused a

—

;

weak

closing,

OAILT OLOSIKO PBICGS OF NO. 2 BGD WINTEB WHEAT.
Wed. Thuri.
Man.
Tuet.
Fri.
Sat.
93 >3
In elevator
93 >«
94
U3
93
93i>8
9278
Anril deUvery
93
92\ 92^
O'A^

—

5fay delivery

94^8

Jane deUvery

9'i

July delivery

95's

August delivery
December delivery

SB's
945R

9438

93%

95

9438
9438
91^8
go's

95!>s

94%
94^

9.M8
9319

100^

9j>3

100%

93=8
94'»

9338

94 Vt

94 Tg

91%

94'a

94 la

99%

99>a

Indian corn has been somewhat depressed by the free offerings and the coraparitively small export movement. This is

prompt and early delivery. The
somewhat steadier. Today there
was no important change, and but little interest was shown in

especially true of pircels for

distant futures have been

the market.

OAILT CLOSINO PBICSS OF SO. 2 MIXED UOBS.
Sat.

Jfon.

46 '4

In clcviilor.

A

I

Ki-

-ry
AUKUiit delivery

46 »4
47 ig

4818
47

4738

47 "4

Tuet.
46^4

Wtd.

Thurs.

Fri.

46>4

ten

46^8
47I4
4738

iOH
46%

46

46 «4
46

4«7,
47-8
48«4

4'J's

47
....

4STg
47',

Ojts have been fairly active, but at prices which show
unusually wide fluctuations. A decline was followed by the
renewal, to a fair extent, of purchases for export, which gave
holders more confidence, and to-day there was a smart
advance in both spots and future.
DAILY OLOSINO PBICBS OF HO. 2 OAT8.
April delivery

Maydallvery
Juno delivery

Baroly
steady.

Thnrs., Apr. I.

Optl aui\ Low.

Sal.

Firm at
Steady.

cline.

Quiet.

auu. Optn

*.

fSitiirct.

Market,
>t.
12:3»p,

Lmc

il.

March-Apr. 4BT

Jan»-Jaly..
July-Aug...
AuK.-Bept..
September..

n«B.. Moh.

!ir.

a.

Azores.
Isle of Jane (Br.), at Nassau, on March 23,
was loading cotton ex wrecked bark Cyclone, for New York. She
would take about 600 bales, wot and dry.

Do

Mlhi, Ihmi

4

Ctclonk, bark.— Schooner

Uverpool, steam

Middling clause, nnlMS

otherwise stated.

Marcli 30,— Bark Bobus,

FlorlUiaii,

For Havre-March 26 -Sbip Scotia. 2,918.
For Bremen— Miircli 27— Steamer Chancellor, 4.579.
For Bareelonn— .'tliinli 21)— Steamer Cristobal Colon. 4,459.
eAVANSAii— For Bremen— .March 27— Steamer West Cumberland, 3,704.
HoHFoi.K— For Liverpool- March 'J7— Steamer Satiirntnn, 5,643.
Bai.timoki;— For Liverpool— ,MHrch 26— Steamer Mcntmore, 2,596.
Piiii.Ai>Bi.i'MIA— For Liverpool— March 23— Steamer Illinois, 1,590
March 30— Steamer Lord
March iO- Steamer British Princess, 1,062
OouKta,

Low

prloM are on the basis of Uplands,

0,190
31.010
2.900
2,525
4,787
4,589

480

1,973
2,900

441

Bo's
3608
3608

iron.

TlUM.

Wtd.

7%urt.

FrI.

36%
36%
3t,H
36%
36%
86%
3a %
36>t
36%
36%
36 >4
36%
demand and is steady. Barley is
36>a
3610
36<«

Rye has met with a fair
Mixed and inferior parcels have been closing out
at low and irregular prices, and the season draws to a close
unsettled.

-

.

-

..

"

THE CHRONICLE.

412

Barley malt shows more steadiness in the hands of maltsters,
but parcels coming forward on consignment find a slow
market.
The following are the closing quotations:

303 3 20 Bonth'ncom. ftxtrag.. 3 609 4 00
$J 00 » 3 50
2 75a 3 nO Southern supers
Baperflne
Spring wheat extras. 3 20® 3 83 Southern OaKers'and
4 159 5 00
family brands
Minn clear au'lBtra't. 4 loa 5 10
Winter ahlpp'.^ e-ttras. 8 35» 4 00 Bye flour, superllne.. 3 209 3 45
Winter XX cb XXX.. 4 159 5 15 Corn meal
2 40 9 2 80
4 .509 5 50
Western, &o
Patents
Brandy wine, *o.... 2 80 9 2 85
3 609 5 00
City BWpptugex
9\>hl. $2

Fine

R/e—Western
9102
State and Canada...
94 9 95
Oats— Mixed
White
93 9 94k

Wheat

85

Bprlng,per bngli.

BprlngNo.2

Bed winter, N o. 2
Bed winter

80
85
43
46
44

Whit*

Com—West,

mixed

West. mix. No. 2.
West, white
West, vellow
White Southern..

t

91

No. 2 mixed
No. 2 white

111

98
48

61

9

64 9
35 9
39 »
36389
40 9

Bils.iaeibs

Chicago
Milwaukee...
Toledo
Detroit
Cleveland
.

6t. Louis.

Sush.60ns Buth.SaWs

05.68S
b7,230
4,534
2,a33
3,358
10,094
1,223

.

...

Pooria

146,779

65,052
3 1.5 JO
2s,932
7.930

Duluth

11.813

14.100

78.<il9

6.230

131,930

Same wk.

144.643

'64

1.371.924

b03.5S8
4U3.B54

3.114.801

633.005
892.481

2.010.855

1,309,999

7,913
23.510

1888-88.

,.

5.058.112

..

6.S91.20(<

47,008.975
86.819,906

0,3»S,810

.

13.800

6.500

339.352
335.391
284,464

Eichm'd

Wheat

Com

ias5.

..

41.433.0:7

18.137.35;

2,434.485

41.5J0.417

14.81b.871

4,0^5.456

15.216,383

6,074 801

I88S-34
2,28j,130

188.-S3.
2,705,192

16.998,3!»5

5,037,8"i2
25,7S.^,337

9.765.679
3.321.623
404,872

10,321,710
1,959,28J
516,131

4.955,913
20,842 017
9,155.580
1,777.0J2
826,718

22.413 035
9.916.230
3,518,176
545.826

33.759,212

43,624,319

37,557,325

41,619,660

bush.

3,268.641

Eye
Total grain....

Below are the

rail

5,-J2'!.387

shipments from Western lake and

riv.-i

ports for four years:
1886.

1884.

Week
Mar. 29.

.bblB.

169.312

215,151

223,308

214,605

.baflh.

:2ia,U26
215,026

420.715
420,715
846.210
846,210
1,806,326 l,6ri3,23J
869,139 l,l8i,S8^
1 i8,025
116,797
36,869
157,583

245.170

4J9,547
6:14,109

Barley........

266,595
32,829

Eye
Total

1,618,166

3,301,274

endiyig -

Flour,

Wheat,

bbls.

Mar.27,'86 178.551
Mar.20,'86 204.868
Mar.l3,'86 211,117
Mar. 6,'86 lo3.028

4 w.

Corn,

bush
bush.
215.0J6
647.115
214,699
865.630
261.849 1,521,942
231,204 2,221,854

Week
Mar. SI

652,636 2.039,481

80,431

22,859

22,936

130,527

43,356

20,313

Wheal.

Ftour.

week
to—

18?5

1836.
Week,

Mar.

Bbls

27l61,236

ports for last four

Bar lei,

103. 5Si
1.172
8,12

W. Indl.w

13.8 >6

5.)>

Brit, col's
Ol;h.o'n't8

4,52i

5,131
11.915

Total...

80.481

basii.

bufih.

WUk.

2;.

Ifu)-.

28.

Hii'h.

7i>5.868
8Si.4i;4

12,839
5.333

'v.

n,

2.359
6.444

600

4,793

130.327

10,158

619,939 2,039,481 1,677,222

652,636

Wluat.

Ilowr.

Mar.

18S5-88.

1884-85.

Aug. 23

(.0

Mar.

27.

to AtlQ.

2i

Mar.

28.

Bbl:

mir.

'>

trt

18S5-38

AUQ. 24

.4U9. 25(,(.

Mar.

27.

'

1

1S84-81.

Mar

28.

18S4-85.

Aug.iSUt
Mar. 28.

'

27.

Hu>>l.

2.429,419

8.667,889

7.W4,029

17.842.497

24,53S.»

'3

20.220.555

Condnent ...
S. &C. Am...
West Indies.

73.2:17

15,963.384

H.OJI.11,'4

8.0J4.976

2.95-1

43,344

71)1,H33

1,000

2i'2 14i

B-it.Cil'nies

840,<03

257.3)2
441.903
499.183
340.229

4,17i*.413

5.53.H73

810,785
2 i 1. 398
49,-23

4911.406

Total

4,111

23

1B.2J9

49,3-.3

18,32,1

8.920.288

6.238.089

12.406.934

Oih. c 'UQtr's

61.428
3) 7 4

148|

23.071:

33,67S422

74.57?

29.513.017

89,722.138

The visible supply of grain, comprising the stocKs m granary
at the principal points of accumulation at Latfe unA fi«a.lioard
ports, and in transit by rail and water, March 37. 1H,S6
;

Jn store at—
tfewYorK
Do ailoat
A. bany

,

l>0 afloat
M'lwauttrte
Do afliat

Dalath

Oo

2.022,026
2,456.733
131,000
1,501.3.0
149,090
271.228
429.-93
63-.3i3

liaoiauatl
iston
T irout)>

B

Montreal

-07,!*62

36,98.1

Panl.....
Down Mississippi

56.000
4,973

8.2 '0
16.6,Jj

500,482

230 403
23.6)0

13

1<.6,035

H2

859

16 8', 5 23

5,700

569
9.6 o
16. 09

191.416
20.000

2,011.483
40.000
173,551

67

2.30)
169.5.0
125.516

293.996
47.650
173.924

11

15.0. 1-

l.-48,331

1.378
520, ^66

S.3t/0

63.=., 7

3.632
57.003

48,769
75,0'

2,971

3t.

75.300
56.500

83,00)

113.7.39

63:. .'117

Piiiladelphla

38,'r.5

bush.
12,1.731

80.-i21

853.308

124..021

afloat.

ijDUlS

Barley
baSh.

bush.

bush.

4,260.692
260,400
494,500
•26,000
23.000
2,248,317
83,933
347.205
13.I)!I1.130 3,435,704
305.765 3,226,666
3.324.926
556
163,500
6.0)4,965

Toledo

3!..

OaU,

Corn,

Wheat,
bush.
6,343.836

Birtalo
110 afloat
iloaK"

23,410

32.829

n

Binfi

Bwt)>.

Ua.Kin^zdom

266,^95
2tu,'9l
177,528

biish.

"

.

'83

bbls.

bush.

IM85-86.
2,765,020

1884-8.5.

3.534,412

1883-44.
3,09^,344

188---33.

4,054,215

2.601,553
31.521.100
8.124,601
2,031,874
108,571

8.0^7.713
30.456.922
8.443,218
1.776.412

4.100.762
13.801,193

13,627..",99

4.ii46.404

6,167,7»0

1, '32. 343

1,332, S.'i3

262,810

679,205

247,437

Total grain.... 44,393,999

49,032,107

28,259,912

Eye

Mar

i^c5

1

k.

Bush.
B'fh
452.561 1,285.431
192.535 740,088

1

PMurla

269.461 298.437 1.S78.038 826,825 147.370
7.024
317.411 617,66i 2,8o4,ol8 90..14J 9tJ,So3 25.219
The total receipts at the same ports for the period from De.
21, 1885, to March 27, 1886, compare as follows for four years:

garley

We

8,5 9

234.-'29

77

33.6)0
39,137

1,050
7 «. 2

1,579.411

674,838
5,317,883
1,043,000

87;635
o6,000
25.417
152,766
3,792

85,900

147,500

760.564

Total weeic

Corn
gats

li 6

By adding this week's movement to our previous rotals w e
have the following statement of exports this season and last

tudtanapoUs
Kansas Oity
Baltimore ....
Minneapolis

. .

Wheat

Bush.
386.38 J
266,250

Bbls.

Tot Mar. 27. '86. 49,771.300
lot. Mar. 20. '86. 50.533. 463
T.t Mar. -'8. •-'5' 43,«'i0.972
Tot. Mar. 29, '81* 23.580,89-)
Tot. Mar. 31, 83*22.631,615
'*

,.

25,00-i,509

46,981,203

545. eOi 1 039,704
577 2 1.0.^3.609
16.73.3,518 2.491, 4«9
bS'l.l.ii 1. -01.824
9,533.233 3.08.1.182
17,773,877 5.021, 4)3 2.24S'i04 1,317,340
17.733,'249 4,329,782 l,910,Bo3 1.489,870

16.797.073 2,580.929

•

Minneapolis and St Paul not included.

THE

GOODS TRA3

D:iy

.'.

Flour

Week.

44,261
6,357
l',4Sl

OlWBRO

5.756.5612.933.912 872,877 131.8i)5
9,251,215 4,567.023 72l,2(-;2 179.7 il
The receipts of flour and gram at the seaboard ports for the
week ended March 27, 1886, follow:
Ftour,
Wheal,
Corn,
Oats,
Barley,
Sue.
At—
bbls.
bush.
bush.
bush.
bush.
bush
NewYork
94,111
58.300 343,3^0 473.100 106,165
5.1U4
Boston
84,020
49,747 233.864 184.633
9,825
45i)
Portland
Montreal
6.P90
26.475
600
3,350
1,470
FhUadelpUa... 22.797
93,000
92.400 109,i'00 23,2i>0
Baltimore
40,357
50,11:6
C;7,t50
1».'.76
6.180
Kichmond
3,620
14,639
26,107
27.729
New Orleans
17,566
150 501, i95
10,237

week

the

lidd

Corn.

18H5.
Week.
Mar. 28

Mar. 27.

23.

AC. Am

an.KlnK.
Contin'ut
8.

561,83;'

922, 778
<lw'ks'85.1,055.833 1.537, 537

Cor.

1886

Week.

Mar. 27.

l>ncrolt

Oats,

690,134
745.047
771,294
732,4 i7

We

Exports
for

l,l.iO,.i6S

153.5.8
43,174

3,972,211

The rail and lake shipments from same
weeks were:
Week

l-fSi

Week
Mar. 2i.

„

Wheat.. .,_..
Com.... „.,..
Oats

1885.

Week
Mar. 27.

Flour..«.

i;827

619.939 1,677,222

71,173

1884-35
3,097,233

Oats
Barley

529

::::::

54.299

The comparative shipments of flour and grain from the same
March 27, 1886, inclusive, for foui

ports from Dec. 21, 1885, to
years, show as follows:
1885-36
Flour
bblB.
2,301,861

366,421
301,546

.

23.013

67,939.499

44,220,'Sll

12,477

3,330

season:
1.100

«'<,900.171

59.231.189,' 84.803.23S

Bash.
10,459

9.100

4.200

Since July 2«
1884-85.

2.3 >7

Bush

VfontreHl.

1883-88.

59i3,45l'

26,320

Peas.

P8,'J45

S. Orl'ns.

4U!J. 24

175.273
153.832

Tot.,

Baltim're

162,220

Tot. wk. '86
Same wk. 'S5

18fS-Sl.

137,Vo"i
77,4.50

.'•hllartel..

Bush.
12,067
200
10,592

Bbls.
4i;.0!8

Bye.

Hi/e.

233.180

42.806
18,000
61,095

Boston. ..
Portland
N. News.

Oats.

The destination of these exports is as below.
corresponding period of last year for comparison

418.191
2.823]

Flour.

Bush.
Bush.
3-U.373 1,187,641
22,471
210
18.H21
63,342
77.000

New York

Bmh.iaibsItuthSeib

B<isli.32 Ibn

899.532
15,000
45,468
33,566
31.680
218.220
131,510

119,034;
41.0571

Barley.

Oalt,

Corn.

37=8
il'4

We

Com.

Wheal.

from-

Total w'k.

BarleyA7^
Ungraded Canada.. 80 91 00
Barley Slalt- State... 72 9 85
43

Wheat.

Exports

8'me time

44

Flour.

The exports from the several seaboard ports for tHe week
37, 1886, are shown in the annexed statement:

ending March

63
66
38
45

48
93 9110
City
49
53
Canada
90 910)
44
48
Western
Yellow Bouthem.
65 9 83
The movement of breadstufls to marKet is indicated in the
statements below, prepared by us from the figures of the Nen
first give the receipts at Western
York Produce Exchange.
lake and river ports, arranged so as to present the comparative movement for the week ending March 27, 1886, and since
July 26 for each of the last three years:

BtaivU at—

[Vou XLII.

New

York, Friday,

P. M., April 2

Business in commission and importiag circlen

l?86.

'vhs

only

moderate the past week, owing in a measure to tne .ontinuance of railroad labor troubles in the Southwest t.e greater
part of the time,

and because of

floods

and

"w.i.>h outs" in

b^'en a
some sections of the South. There
reported
of
tn«
account
on
better feeling the past few days
'
V^s, end Western and Southsettlement of the railr^''

has,

western jobbers havea,'!).
markets.

The jobbing

ti

come

howev-r,

Ireer shippers to interior

ade was adversely affected in the

)

Apsil

,

THE CHRONICLE.

1880..!

3,

;

'

44^

InipertaUoBS of »rr <l«o4«« i*>
\ht 'i-^\
week by heavy rainetorms, but since tixen the
Importations
of dry good* at this port for tfa« ««»k
The
propitious
for the distriweather haa become spring-like and
ending April (, 1886, and sinoe Jan. 1, and the samo facta for
are
again
moving in fair
bution of eeasonable goods, which
fore pai

of the

t

quantities,

'

:

though there

lias beeiji

a natural reaction from the

the oorreepondln^ perioda are as follows:

witnessed in this branch of the trade. The
week was a peremptory auction sale of S.nOO
pieces corkscrew worsted suitings, the production of the

activity

lately

feature of the

Woolen Company. The sale attract e J a large
of buyers— mostly wholesale clothing manufaclur^rs
—and the entire olleting was disposed of in very fehort time—
The prices obtained were quite s itisfactory
forty-six minutes.
(though leaving a fcant margin of profit to the mili^), the
Raritaii

i

company

^
-

-J

c: CD

goods having brought within TJ^ per cent of the figures at

which th-y could have been bought privately. The tone of
the general market continues steady, but prints and print
cloths are somewhat easier, and in buyers' favox.
DoJiESTic Cotton Goods. The exports of cotton goods
from this port for the week ending March 30 were 3,013 packages and the principal shipments were 517 packages to Brazil,
470 to Great Britain, 191 to Sinto Domingo, ISO to Mexico,
16) to British West Indies, 133 to U. S. of Colombia, etc.
There was a fclightly improved demand for colored cottons by
peitsonal selection, and through the medium of orders, and

1

-I

cc

'r

ews
vo
ii*^ fj>»o

01 Oi

u

r- ro *. ^:
- I
OD

QOO

brown

Stocks last Saturday and for the
same date of the three previous yeirs were a? below :

(J4x64a

and 2%c. for

56x60ii.

2!eh. 27,
886.
Stock of Pritil Cloths
I'y Pr
rovidraceniaiiufrs. 113,000
70,000
Fall Kiver mauufacturfrs .
PtoviitrncespeeulHtors .... 2.58,000
1=.,000
OulsUte speculators (est.) ..

Held

Xeh.

1884.

1- 83.

ISV.OOI
SOO.OOO
281.000
73,000

130,000
1?4 00(»

29,

CO

^ S v>

O — J- W J>

X

;)'

CW-I

4- go

ooxocoo
"•

CO

O' ifc CO :0

OX

c;

c.

— y> *i 'O

-I

— OS

to

"to

CUO
J"

» <i o

Ift-N-O

"..:

Ct

^-^

-J

QDO

-O

M 'J O O

50

-^I

I

(x»o

(XCO

I

e:

1

a

V
OD

tOJD

1

QOM
Oi-ji
at©

I

at OS

fO
at

'

CO

I

h-^
M0>

(

05M

I

au

a
01
-0

-jicecoM

^ C. M
O
tCi(^-JO-.~l
->

cogs

o u o ac ^

I

f
I

01 *J

cacoMOO

I

a

'

,

c o> ? o q:

(xco

OXW-JOl

00^

I

33.^.000
7 "^,000

to
no
o: (D t3

co-j;

coo

(liieoee)

?. c:

C:co

-Jito

-Jt

CPrfkXCO

-J

QDO

IB'

a c»

K CC rO

to *. CO O*

(OOtOGDCl

-X"

^ X ti

CO
CO
to

X
01
O

I
'

cot«)i-'c»'a>

10*-'0,->0*

I

OOrC

I

I

toccaooi3i

:

I

si:!

~

01 ,.-01 cox
ViboiJ'M
CO <^ to coo

C^ Mr* CO to

biCO^ J0 31

coo

II

"

01 CO 1^01:3

1

— -I -*

M W^D — CO

*-too rog

to -J

OCOO

OS "-

o

1001

I.*

724,000
456,000 1,184,000 741,000
Prints ruled quiet, aside from a few specialties in which
there was a fair movement, but a fairly good business was
Total stock

»* *J

COX

Meh.S1,

ifeh. 28,

1885.
40?,0rO
440.000
324,000
325,000

W^

OS -JO -109

sheetings continued quiet ia

first hand j, and transactions in bleached shirtings, wide sheetings and corset jeans averaged light. Cotton flannels have met
with a fair share of attention from large buyers, and some
makes are largely sold ahead for future delivery. P/int cloths
were in modarac; demand, but prices tove recadeJ to 3i-^c. for

«-•

O

C/.1H

—

prices ruled steady; but

3

I4CV1UX

O O' «

OlO*»

-•^ woe CO
*l *- O CO 'cowco*-co^

done in seersuckers, ginghams, foulards, chambrays, etc., and
printed lawns were distributed in liberal quantities, as were
Receipts ot Leading Articles orDo.-nestU Prodace.
certain makes of fancy cotton dress goods, as yarn-dyed
The following table, based upon daily reports made to the;
brocadts, etc. Cjtton hosiery and spring underweir were New York Produce Exchange, shows the receipts of leadingmore active in movement than demand, large deliveries articles of domestic produce in New York from Jan, 1 ""''
to^
having been made on account of back orders, while new March 30, in 1886 and 1885
business was liglit and irregular.
Same time
Since Jan. 1,
Domestic; Woolen Goods. -The market for clothing woolens
precio's year.
:

—

has not shown

1886.

much

animation, the mijority of wholesale
clothiers having already supplied their immediate wants.
There was, however, a fair demand in a small way, and the
favorable result of the auction sale aluded to above has tended
to impart more confidence in values. Fancy cassimeres and
worsted coatings were in steady request, but purchases w<;re
chiefly of a hand-to-mouth character,

and moderate

in th's

aggregate amount. Some duplicate orders for overcoatings
were placei with the mill agents, and leading mikes are so
closely sold up that prices remain bteady.
Sitinet;3 and K'ntucky jeans ruled quiet in first hands as regards new basiness,
but fair deliveries were made in execution of back orders, and
values are well maintained. Cloakings were quiet, owing t
strikes among the cloak operatives, and Jersey cloths and stockinettes continued sluggish. Flannels and blankets were in
moderate demand at firm prices, and carpets were fairly active

some quarters. Seasonable makes of all-wool and worsted
dress goods, ladies' cloths, tricots, &c., were distributed in
fair quantities, and some good orders for fall makes were

in

placed

future delivery)

with manufacturers' agents,
Heavy underwear and wool hosiery continued to meet with a
good deal of attention, and a fair business was done in this
(for

Ashes
Beans
Breadstuffs—
Flour, wheat
Coi'nmesil

Oats
Barley
Peas
Cotton
Cotton seed
Flaxseed
Grass seed
Hides
Hides

goods, wash fabrics, white goods, linens, embroideri«'8, laces,
&o. having been moved in fair quantities by the principal
,

Clothing woolens were mostly quiet, and there was
only a moderate call for hosiery and fabric gloves.
jobbers.

ools.
bbls.

949,295
69,958
668.142
19.954
12,467,772
3,712,145
2,167,009
75,415
323,202
3H.869

1,338,389
54,(3S
2,282,674
1 15.885
10,220.978
5,014,872
1,804,752
63.573
38C,119
17,796
1,684
26,167

husj
b»85»•''JjJl*-

.obis.

oil

hagsbags.

-Pif

HS 1
.....bbls.

30,753

^"^^

Hops

'>?J'^-

=

sides.

Lead
Molasses
Molasses
Naval Stores—
Turpeutiue, crude
Turpentine, spirits

,

opis.
bpjs,

b^ls.
Jbls.
bbls.

Ro.sln

Tar
Pitch
Oil cako
Oil, lard

56,942
4,721

34d

'""'S-

33,194

44,019

__

21.828
9,437
184,970
221,855
187,546
228,899
117,765
69,593
28,377
23,047
14.701
2,741

64.867
10,144
200.459
2*9,633
198.864
128.605
116,343
50,784
2l,ieT
20.40e
52,202
3,376

.

Pf88
PkB*

Porli

l'f«*-

Pj8«'

PW'
bbls.
ten.

.So.

I.

.

ThUow...
.

& bbis.
''eg!

-

..boxes

.slabs.
„.

^

P*?*^>SS*

^^

.pfcg"'

A cases.

TobiLoeo.... ...
...

109
14,651
59,218
5,914

122,804
1,456

?»"»•

Provisions—

23,633

41»

"bV"

whale

I'eanuts

Whiskey
Wool

1,332
l'Z,068

SO.Me*
17,16*
19.327
617,578
87,734

122,f38
1,672

P»KS.

Tobacco..

33,6f.2

14.101
19,507
11,845
30,329
690,296
50,407

-.-•?"•

Leather

—

27,593

hush,

Foreign Dby Goods were for the most part quiet in first
demand by jobbers and large retailers having been
vtTifa
lii-d:::::::::.;"
governed by actual requirements, which were neither numer.....~
Lard
ous nor important in the aggregate. The jobbing trade was
Hogs, dressed
Rice
unfavorably affected by rainy weather, which rendered Spelter
re-assortments on the part of many retailers unnecessary; but Sleiirine
Sugar
a fair distribution was made under the circumstances dress SuRar..
.SuSar
„
hands, the

692

30,3-i8

hcsi

Com

Beef
Cutmeats
Butter
Cheese

connection.

619

bbls.

bu«h.
hush.

Wheat
Eye

Oil,

I>bl8.

..bales.

78
1,326
13,994
31,35a
20,832
56.220
7,286

416
4,335
ll,670
a»,890
25,038
81,098
16,998

THE CflKONlCLK

444
%CQVil ^UtiC^B,
flOinilllSSIONEIR'S SAI.E

OF THE

defendants. Consolidated cause. In equity.
Notice is hereby given, that pursuant to, and by
authority of a decree entered in the above entitled
Cause by the Circuit Court of the United States fo
the Eastern District of Missouri on the sixth, by
the Circuit Court of the United States for the Southem District of Illinois on the eighth, by the Circuit
Court of the United States for the District of Id_
diana on the ninth, by the Circuit Courts for the
Northern District of Ohio, Western Division, for the
Eastern District of Michigan, and the Southern
District of Iowa, Eastern Division, on the twelfth
day of January, 18£6, as modified by the supplemental decree of said Court for the Eastern District of
Missouri, 01 date March fifth, 1386, I. Edmund TAllen, Commissioner, will, on

MONDAY. THE 26Tn DAY OF APRIL.

1880.

at the east door of the United States Court House,
the City of St. Louis, in the State
on Eighth Street,
of Missouri, between the liours of 10 A. M.and4P
M., sell at public auction, to the highest bidder, without redemption, and as directed in said decree, modifled as aforesaid, the premises and property, described as follows, to-wit
-All the right of way and railroad of the said Wa-

m

•

Louis & Pacific Railway Company, extendmg from the City of Toledo, in the fctate of Ohio^
through the State of Indiana, Into the Stale of Illinois to Meredosia. with branch to Naples and East
Hanntbal, from Meredosia to Camp Point, in the
State of Illinois, with branch from Clayton to the
Mississippi River at Hamilton, and with branch from
Decatur to East St. Louis And, also extendii g from
St, Louis, in the State of Missouri, to Kansas City,
Mo., with extension from Moberly, Mo., to the State
line of Iowa, and a branch from Sylisbury. Mo., to
Glasgow Mo.; that portion of the Clarinda & St,
Louis Railway m Iho State of Missouri, the Peoria
Pekin & Jacksonville Railroad, the Springfield &
Northwestern Railroad, the Braidwood Branch, the
Madison County Itailroad, the Detroit Butler & St.
Louis Railway- the Chicago & Paducah Railway, the
Chicago & Strawn Railway, the Council Bluffs & St.
Louis Railroad, extending Irom Pattonsburg to the
Iowa State line: together with all theoraba' kments,
bash

St.

bridges. turn<mta, sidetracks, buildings and structures, water tiinks and fixtures. shi>ps. engine and
other houses, depots, turn t;ibles, engines, cars, matoolsferry
and other bnats. depot
chinery,
real estate pertaining thereto r^r belonging
forounds,
said company at any of the terminals thereof,
rights,
interests
franchises,
and property, and
every other tning appurtenant to said railroad or

used

in connection therewith, together with all
rents, issues, profits, credits and ehoses in action accruing from said railroad and appurtenances: and
also the real estate taken in the name of James F.
How, as trustee for said company in Marlon County.
la., in Chicago, 111.. St. Joseph. .Mo., and St. Louis,
Mo.; the riaht of use of the bridge over the Missouri
River at Kansas City. Mo.; right to use certain
tracksund terminal facilities in Cook County, Illinois, and in Chi&igo, 111; right to use certain tracks

and terminal facilities owned by the Peoria & Pekln
Union Railway Company in llliuois. riaht to use
certain tracksund depot tacillties in the Union depot
in Kansas City. Mo.; right to use certain tracks and
depot facilities in the Union depot at Hannibal, Mo
riRht to use certain tracks and depot facilities in the
Union depot at St. Joseph, Mo.; rieht to use certain
tracks and depot facilities in the Union deput at Deright to use certain tracks extondtroit. Michigan
intt from Claytcm to Quiocy, Illinois, and certain
depot and station houses m said last-named citv;
,

an interest in the elevator company at Council
Bluffs. I'.wa; richt to use and buy 3(J0 coal cars acquired from the National Rolling Stock Conipanv

November

23. '1883.

Certain real estate with

provements thereon and terniinai privileges

in

Irn-

Bur-

lington, Iowa, beinii lots 13.13a 14, 15. ifla Id 17
18. ltt.20, il, 22. 23, 2t, in the original plat of ihe
City of Burlington. Iowa, and also .easehold interestsin the foIIowiiiK railways and properties, to wit

In the BooneCount y & Booneville Railway: St. Louis
Ottumwa & Cedar Rapids Railway, St. Josuph i St'
Louis Railway; the Brunswirl: & Chillicothe Riii'way. St. Louis Council Bluifs & Omaha Kailw\v
the Council BluITi & St Luuts Railway evtending from the Iowa State lino to Council BlutTs
the Eel River Railway* the Humeston A Shen-in.
doah Railroad; that portiim of the Clarinda &. St
Louis Railway in the State of Iowa; the Des
Moines & St, Louis Railroad. St. Loula Jersev
ville & Springfield Railroad; the Attica Covington & Southern Rtilroad. Champaign & South
eastern Railroad, the bridge over the MissiP
Bippl River at St. Louis, with tunnel and terminal
riantainsaid city; the bridge over the Mississinnt
Riverut Hannibal. Missouri; also all the proDertv
rights. Interests and choses In action ucouired hv
said

Wabash Comi)any

IJlcrticcs*

S^flat

^property of the WABASH ST. LOUIS & PACIFIC RAILWAY COMPANY.
The Central Trust Company of New Y^ork and
James Cheney, complaiaants, against the Wabash
St. Louis & Pacific Railway Company and others,

utter June!. ISbO whether

herelnbefora described or not. e.\cept such as are
by said decree expressly excepted from ita oueration; also certain lands and lots adjacent to the
lines of railroad aforesaid in Missouri. Illinois
Ohio. Indiana. Iowa, and particularly described in
thereportof theMpecial master bearing date Dp"
cember29 1M5 and filed in this cause, the title of
which landsund lots has been acquired by there
ceiverslnsaidcauseln the name of James F Hnw
Trustee; and also all the rlKht title and interest o^
thosaldWaba.h St. Louis & Pacific Ra/lwayCom
pany In and to »16,000 Unhm Bridge C(.nipanv bondill.342.000 Humeston & Shenandoah RaiT?o"id Com'
nan y first murtwage 7 percent, bonds- «I OOOOOO
Vabash St. L..uis& Pacific Railway Company
ten
era! mortgage H per cent bonds; *400,000
Wabash
Railway Company mortgage 7 per cent honri«7»f
187U, »f99.000 Wabash St. Louis & Pac"flc
Railwav
tomnany-Detroii Division-fl per cent bonds;
248XK) Qulncy Mlssfturi & PaMflc Railroad
income bonds; .»l.7n,000 Toledo Peoria CimDanV
&
VVe?f
•rn Itailroad Companv first preferred inc me bond^
>728,OOOTo!odoPeoriii& NVestornlSiroad^^mpany

second preferred incomebonds. 13.401 shares Toledo
Peoria & Western Railroad Company; iOshares St. Joseph Union Depot; 210 shares Union Depot Company
of Kansas Citv. vio.; IOshares Hannibal Union Depot
Company; 5,0^7 shares lies Moines Northwestern
Railway Company: 2,214 shares Havana Rantoul
ttailroad Company; 9.996 shares Des
&, Eastern
Moines & SVi Louis Railroad Company; 20,127

United States Trust Co.
OJ^.V^TT TORE.
49 WAIiL STREET.

Capital

shares Hiiflieston S:, Shenandoah Railroad Company: ai.ijai 96-100 shares Mi.-souri Iowa & Nebraska
Railway Company; 9,C0O shares St. Louis Jerseyville & Springfield Uailroad Company; 2.030 shares
Clarinda & St. Louii Railroad Company, 14.246
shares Quincv Missouri & Pacific Railroad Company;
5,3H0 sliares St. Louis Ottumwa & Cediir Rapids
Railway Company: 1 1,080 t-liares Council BlulTs &
St. Louis Railway Company; 7,281 eharos St. Louis
Council Bluff's & Omaha Railroad Company: 4.332
shares Brunswick & Chiilicotho Railroad Companv;
2,687 shares Centreville Monivia & Albia Railroad
Company; 750 shares Attica CovliiKton & Southern
Railway Company; 1,665 shares American Refriger
ator Transit Company of Illinois: 00 shares Union
Bridge Company of Toledo, o,: 17 shares ."^t. Louis
County Railroad Company; 4.9i)4 shares Peoria &
Pekin Union Railway Company; 9.tf»9 shares Chicago &AVestern Indiana liailroad Company; 12.500
shares St. Louis Bridge Company common stock;
1,160 shares St. Louis & Mississippi Valley Transportation Company; steamers now on Luke Erie,
known as the "Russell Sauc." "John C. Gault."
"A. L. Hopkins" and "' Morley;" 15 locomotives

Wabash

St.

Louis

New York &

&

Pacific Itailway

trustee.

INTEREST ALLOWED ON DEPOSITS,

which may be made at any time, and withdrawn after
five days' notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates,

and females unaccustomed to the transaction of business, as well as religious and benevolent institutions,
will find this company a convenient depository for
money.
JOHN A. STEWART. President.

WILLIAM H.MACY, Vice-President.
JAMES S. CLARK. Second Vice-Pres't

H

Dan.

TRUSTEES:
W. W. Phelps.

Arnold,

Thomas Slocomb,
Charles E. Bill.
Wilson G. Hunt,
Wm. H. Macy,
Clinton Gilbert,
Daniel D. Lord,

D. Willis James,
John J. Astor,
John A. Stewart,
S. M. Buck'gham
H. E. I^awrence,

Samuel Sloan,
James Low.

John H.Rhoades,
Anson P. Stokes,

Robt.B. Minturn,
Geo. H. Warren,
Geo. Bliss,
(
William Libbey,
Isaac N. Phelps. John C. Brown,
Erastus Corning, Edward Cooper,
B.
Chittenden,
W.Bay'rdCutting
S.
Chas. S. Smith.
^

1

^

HENRY
LOUIS

L. THORNELL, Secretary.
G. HAMPTON. Assistant Gecretary.

Union Trust Company

luts 1, 2. 3, 4, 5,

OF NE^V ¥ORK,
73 Broadway, cor. Rector St., N. Y,

CAPITAL,
SURPLUS,

A LEGAL DEPOSITORY FOR MONEY
Accepts the transfer agency

Allows interest on deposits, whicii may be made at
anytime, and withdrawn on Ave days' notice, with
Interest for the whole time they remain with the

company.
For the convenience of depositors this company
also opens current accounts subject, in accordance
with Its rules, to check at slglit. and allows interest
upon the resulting dailv balances. Such checks pass
through the Clearing House.

TRUSTEES:

Wm.

WhitBwright,

Henry A. Kent,
R. T. Wilson,
Wm. F. Russell.
C. D. Wood.

James

21.

Jame« M. McLean,
Ambrose C. Kingsland.
James H. Ouilvie,
S. T. Fairchild.
I. H. Frothingham.
George A. Jarvls,

Piatt,

D. C. Hays,

C. Vanderbilt,

James Forsyth,
George Cab-jt Ward,
Edward Kinrf,

A. A. Low,

E. B. Wesley.
n. U. McAlpin.
Georae B. C^arhart,
Henry Stokes,

J. B.

G. G. Williams,
R. G. Remsen,

Johnston,

Edward
Araasa

Schell.

J.

Parker,

Samuel F. Barger,
Robert Lenox Kennedy, Geo. C. Mauoun.

EXECUTIVE COMMITTEE
Wm.

Whitewright,

James
J. B.

M

McLean,

Johnston,

:

G. G. Williams,
E. B. Wesley,
C. D. Wood,

D. C. Hnys.

EDWARD

KING,

President.

JAMES M. MCLEAN, First Vice-Pres't,
JAMES H.OGILVIE, Second Vice-Pres't.
A. O. RONALDSON, Secretary.

;

The Union Trust
611

Co.,

AND 613 CHESTNUT STREET.
PHIIiADELiPHIA.

$1,000,000
Authorised Capital
600.000
Paid-up Capital
Acts as Executor. Administrator. Assisnee. etc.,
&nd executes trusts of every description linown to
the law.
, ..
,
Ail trust assets kept separate from those of tho

m

Company.

Burgiar-Proof Safes to rent at |5 to |60 per annum.
Wlils kept in Vaults without charge.
Bonds, Stocks and other valualjles taken uader
guarantee.
Paintings. Statuary, Bronzes, etc., kept in Fire-

Proof Vaults.

Money

received on deposit at Interest.
Pres't. JOHN O. RBAniNO.V.-Pres't.
8. STOKKS, Treasurer & Secretary.
D. R. PATTERSON, Trust Officer.
DIHECTOR8.— James I-ong, Alfred S. Gillett, Joseph
Wright, Dr. Charles P. Turner, William S. Price,
John T. Monroe, W.J. Nead, Thomas K. Patton, John
G. Reading. Wm. H. Lucas. D. llayns Agnew. M. D.,
Jos. I. Keefc, Robert Patterson, TlieodorC. Engel,
Jacob Nayior, Thos. G. Hood, Edward L. Perkins,
PHILADELPHIA; Samuel Kiddie, Ole.v Riddle, Pa.;
Dr. George W. Relly. Harkisbubg, Pa.; J. Simpson
Africa, HtTNTiNGDON; Henry S. Eckert, Reading:
Edmund S. Doty, Mifflintow.v; W. W. H. Davis,
DOYLESTOWNi K. B. Monaghan, WEST Chesteb;
Chas. W. Cooper, AujurrowN.

JAS. LONG.

MAHLON

m

Commissioner.

androgi.-itry of stocks,

and acts as Trustee of mortgi^es of corporations.

;

EDMUND

$1,000,000
$3,000,000

-

Authorized to act as Executor. Administrator,
Guardian, Receiver, or Trustee, and is

(

m

$6,000,000

a legal depository for moneys paid
into court, and is authorized to act as guardian or
is

Company

Pacific Car Trust Association;
6 in block 9 Sprintter & Fox addition
to the City of Chicago, Illinois; part of lot32oftho
Assessors' division of the northwest quarter, and
west half of the northeast rinatter of section 32,
township 39 north, range 14 east, of tiie third principal meridian inCnok County, Illinois, the (ifleto
which real e-tate above ment ioned is in Solon Hum
All
plireys in trust for ilio i-ui i Wabash company.
of wliicli property s mi^ro particularly and specifically described in said decree, reference to whicli
Is hereby made fur a more full and perfect description thereof, and of the several parts thereof
and of the Interest of the Wabash St. Louis & PaAnd said property
cific Railway Company therein.
will be sold subject to the terms and according to
the provisions of said decree, modified as aforesaid,
and subject to the prior liens ot mnrtaat'Gs. deeds
of trust, judgments <lecrees, ic-isos and cimfracts in
said decree siiecifically set f nt h.except t he lien of t he
mortgages referred to in said decree as the " general
mortgage" executed to the Central 1 rust Company
of New York and James Cheney, as trustees, and the
" collateral trust mortgage" executed to the Meicantile trust Company of New York as trustee, under
which mortgages, to-wit. said general moitwageand
collateral irust mortgage, said sale Is made.
The branches or pnrtionsof thellnesof railroad or
property aforesaid embraced In and covered by said
general mortgage in which said Wabash Railway
Company has only a leaseholder conditional title,
may be sold separately from the other property
covered by said ra')rtiiage. if request for such
separate sale be made by ihe holders of a majority
of the bonds securea by said general moitgage.
Unleps such requfst bo
throuirh their committee.
made the Commissioner will first offer for ealeallthe
right, title and interest of said Wabash Company in
and to the lines of railroad as aforesaid, with all thi.
franchises, ntihts, interest and property, real and
personal, uertaining thereto, and all rights of way,
equipments, structures, shops, tools, machinery and
materials properly belonKim: or appurtenant topaid
lines and each of them
HavtnK, subject to the approval of said courts, accepted the highest bid received for the property covered by said general
mortgage, if sold as an entirety, or the highest bids
therefor. If sold eeparately, by request, as aforesaid,
said Commissioner will next offer for sale the property embraced in the collateral trust mortuage in
the order foUowinK First, the bonds, stocks and
choses in action second, the ears, rolling stock and
equipment, third, tlie steamers; fourth, the real
estate or terminal interests mi Cook Ciuinty. Illinois,
described in said instrument, and nf.ite the hitdiest
bid received for each lot 8ep;trately
and will ihen
offer all of said properties embraced in said collateral
trust mortgage for sale to«ei tier, and accept, subject to the approval of said courts, the liitihest bids
made lorsaid tots or parcels of property and securities when offered separatelv, or the highest hid for
ail faid property when otler'ed together, accuniinjz as
the one method or the other shall produce the largest sum In the aggregate.
Before any bid for any property sold under said
decree shall be conditiimally accepted, as iiforesaid,
by said Commissioner, the person orperfions making
such bid will be required t<i denoslt with said Commissioner, or subject to his order
the Third National B:ink
the City of St. Louis, a turn in cash
equal to 10 percent of the whole amount of said
bid, when the amount of such bid shall bo more
than §100,000. and 20 percent on all bids below that
sum. In case any such bid shall be rejected by said
courts, the deposits so made shall beieturned to the
bidder, but In case any such bid sliull be accepted by
thesaidcourts, and the party making the same shall
fail to comply with all the conditions of sale, and all
orders of ihe said courts made or to be made in respect thereto, .n accordance with the provisions of
said decree, the sum so deposited shall be forfeited,
and applied as said court shall order. Whenever
any bid shall be accepted and approved by said
courts the party making the same ehull deposit in
such depository as the courts shall direct such additional cash payraentustho -Id courts may require
find make oUCh turther cash deposits as may be ordered by the said courts. After the purchasers at
such sale shall havemadesuch cash payments nssaid
courts shall order they shall have the right to discharge iheremainder of I heir respective bids by the
use of said general mortgage and collateral trust
bonds at such valuation as shall be equivalent to
the distributive share applicable thereto it the
whole sum bid had been paid
cash. Said courts
willretalQ control over said properties and jurisdiction over the purchasers thereof at 8aid sale and of
all persona taking said property through or under
said purchasers, until all court costs and expenses,
all
the e-xpenses of the receivership, all the
claims and demands that have been or may be
allowed against said property orany part thereof or
the receivers of said courts by orders thereof shall
be fully paid and discharged.
For more specific statement of the rights and
property to be sold, as aforesaid, and the terms and
conditions of said sale, reference Is hereby made to
the decrees in this behalf entered in the several
courts as hereinbefore stated.
T. ALLEN,

and the

and Surplus,

This company

manufactured by the RboMo Island Locomotive
Works; 13 passenger cars manufaf-tured by Barney.
Smith A Cp.; 5 baggai'e cars manufactuieil by Barney, Smith & Co.; 1,210 freight cars manufactured
by Barnev, Smith & Co.: certain rolling stock mentioned and described in certain agreements between
the

XLIL

[Vol.

Metropolitan Trust Co.,
Mills Building, 35 Wall St.,

New

Yorh.

$1,000,000.
PAID UP CAPITA!.,
legal Depository by order of Su-

Designated as a

preme Court. Receive deposits
act as

fiscal or

jf

money on

Interest,

transfer agent, or trustee for corporar

and accept and execute any legal trusts from
persons or corporations on as favorable terms aa
oUier Bimilar companies. „„„„„ .^ ,. .
HII.LHOUSB, President,
tions,

THOMAS

-

TAPPBN,

Vice-President.
1''RKI)i'',UIC D.
WAl.TtJR J. BRITTI V, Seciutary.

:

Aprii,

THE

3, 1880.J

^vust (S^ompvtnUe,

(^ammivciixl

or dlTldonda, reoelTe
miiko pnrcOHae and

rojil estato, fill
reirtfltry ritiil »!!>

.>r

aeourlllea.
uiiu itiatltutlona, and persona
>

II

..^Loi'

transaction of business, will
and convenient depository
/ormuncy. HII'I.IOV l(()^E^». President.
BUMUNI) VV. COKUJSS, Vloe-Pres't.
TUU.S'rKlCS.
B. K. KriDwIUin, IlenrT K Sbeldoa
Joslah O. I-ow,
ni,,t

;

&

BrooUyn, N. Y.

Thia Company la Buthorlied br apeolnl chiirt«r to
net an rocolTur, truateo, gaardlan, ezocutor or odmlnlntnitur.
t^alo or .nanajrement of
It can urt fw *i

t}

AIM. .M. White. .lohn T. .Martin. C.D.Wood,
Krod. Crmuwoll, Wm. H. Male,
A. A. Low,
John 1'. Kolfe, Klpley Uopoa.
Alex. McCno,
Abram B. Uaylla,
Mloh. Chauncey, B. W. Corlloa.
Wis. B. Kendall, U. B. I'lurrepont,
Ja& Kuaa CDuuAif, SecTttarr.

®avda.

Co.,

COTTON SAILDUCK
And

CANVAS, rEI,TINO UUCK, CAB
COVHKINO, BAQOINU, RAVICNB OUCK.BAIL
TWINBB. *C., "ONTARIO" bBAMLBBB
BAGS,

"AWNINO
Also,

BTBIPBia,

Aneota

full tnpply, all

New

PIIII..1I>EI.FHIA.
IHttS.

Widtha and Colore, alwsya

CO.
In atoek

Fabyan &

Co.,

York, Bostoii, Philadelphia,

dBLUNQ AGENTS FOR LEADING BRANDS

CAPITAI.

HBOWN

CEH'"

PRINTS, DENIMS, TICKS. DUCK8, Ao.
Towela, anllta, White Goods dc Hosiery
Drillt, Sheetings, <««.. for Kxoort Trade

»1,000,000
ASSETS fll5,621,«30 63.
INSnitKS TIVKS, CHANTS A.VNUITIRS, BB-

)^IT. return?iblo on dolUowotl. tnid is empoiT

'

miierf.
-i.

ADMINISTllAASSIUNKK, COM-

I'OI!.

I

T(i:

:

VN.

ivaii, AUKXT, etc., for the faithof which Its capital and surplus

Mli
ful
furni

SAMT,

BLEACMEB SHIRTINU
AND SHEETINGS,

dc

France.

From
1

Pter (new) 4a. North lU.er, f.K.ti.f Mnrt«n »t
TrsTeler. by lhl> line nrold both trnnill br Knultah
'>'»»""'<>rt« xf orinMtnu ilie cbtnnel
.*?!.*"i?

I..

N';

Kern

I>«

ble<l.Weil..

-I

ApniT. 7A. M.

W«d.. A[>nl H. I P.W.
illlnuterlvo. Wed.. April 81.7 A.M.
H'I\(.i;rmmn. Boyor
Wwl.. April SH. I I'.M.
Tho ii«xt miiliiiK „t LA NOKMA.NufH, IM Kena.
*

i
l''^

I-

.Vliiy la.

1

1'.

M.

Pttic* or l*AH8AaK(lnolDdln(twlne):— To HsTre—
FIntOKbIn, lluOHndMO; leonnd cabin, tm); iteer.
aae. tta^lnoludlns wine, bedding and uUnilli. Return tiokeu atTerrredDeedrataa. Cbeokaon Banqae
Tranaatlantlqne, Barreand Par<a,1ii amonntatoialt.

Special Train n-om

Havr. Co Pari..
The Cpmpa«nle Qenerale Tranntlantlana dellTcra

at lt« offloe io New York tpeolal train tIckeU rrom
UHTre to Parit. Bacttase cheeked thniuxh to Pari*
without examination at llarre, proTlded paHeogare
have the eame dellTered at the Companr'a doek la

New York, Pier 43 North RiTer. foot of Morton St.,
at leaat two honra before the departure of a ataamOT.

I.OOIS

DB

BBBIAIf, Acemt,
No. 6 BonrlInK Gr«.n.

^ttovntvis.

^ublti:atl0tts.

i-ule security.
Alirnisf lutuisand Investments are kept 8epftr.ite

and anart from the assets of the company.
The Income of parties residing abroad carefully
oolleoted and duly remitted.

V

UENERAL TRANsTaTLANTIC CO.
NEW TOIIK and MAVHK.

bloc,

UNITED STATES BVNTING
4

L.

netween

kinda of

all

OOTTON

TBB

(I'llARTKR PKUPBTUAr,.)

09f

Direct Line to

No. 109 Dnajie Street.

Incoroorated Third Mo.. 22d,

Jlteamsbt^s.

Manafaotnrera and Dealers la

Provident Life&TrustCo Bliss,

OF

fa

Brinckerhoff, Turner

The Brooklyn Trust Co.
Cor. of MontaguoiClliitou »t«.,

(;HR,0NI(U.E.

William

W.

Porter,

Littell's Living Age.

Attorney and Counsellor at
No. 02.3 WALNUT STREET,
LIVINO

K. Sl[|PI,Eir, Prosidont.

^TN 1886 THE
-^ AGE enters upon

WISTAK BROWN. Vice-President.
ASA a. WING. Vice-President and Actuary,

T.

t

its

cess.

'g^liiauclal (£^ompsinUs,

PhUadelpbla, Pa.

forty-

third year. bavioK met with continuous commendation and suc-

A WEEKLY MAGAZINE,
dives fifty -two numbers of
sixty-four patfes each, or more

Law

Corporation, Transportation and Commercial Law.

KKIfEiiENCES:—The Trust Companies. The Natlona
Banks and Railroad Comcnnieoin Philadelphia, and
the Judges of any of theCburLS.

it

JBonds of Sixi-etysh.ip.
IfO

OTBER BUSmJSSS.

The Guarantee

Co.

OF NORTH AMERICA.
Cash Capital
Assets and Resources
Deposit with Insurance Department

Presidam:
BIB AlKI. T. Qalt.

$300,000
830,000
..,.,.,.,

i!40,C00

Vice-President:
IIon. Jas. Fekribb,

Managing Dlreotor:
l^clW

NO. Ill

Edwabd Rawlings,
YORK OFFICE

BROADWAY.

TO.MPKINS, Secretary.
N«w York Dikectors—Joseph W. Drezel, A. L.
HopltiDs. U. Victor NewcomD. John Paton, Daniel
Torrance. iCtlw. V. Winslow, Kraatus Wlman, F, P.
D. J.

Olcottaiid J. E. Pulsford.

FIDELITY
Nos, 214

&

218

CASUALTY

A.

CO.

BROADWAY, NEW YORK.

Cash Capital, t350.000, Invested In U. S. Gov't Bonds.
^00,000 deposited with the N. Y. Isn. Dep't, for
the protection of i^olicy-holders.
Assets, January lat, 18b5, $512,02(1 11.
OlOclals of BanKs, Railroads and Express Companies, ManaKers. Secretaries, and Clerks of Public Companies, Institutions and Commercial firms, can obtain

BONDS OF StJRBTYSHIP

this Company at moderate charges.
The bonds of this Company are accepted by

from

t*te

courts of the various States

CA8VAI.XV DEPARTnENT.
Policies i.ssncd afrainst accidents causing death or
totally disabling injuries.
Full Information as to details, rates, Ac, can bo
obtained at head olfice, or of Company's Agents.
WM. Jl. llicHAiiDS, Prest. John M. Cha.ve, Sec'y
ROB'T J. lIiLi.As, Ass't Secretary.

Qeo. T. Hone
O. O. Wllllama,

DIRECTORS:

David Dows,
W. O. Ik)w,
A. 9. Barnes,
Charles Dennis,
J.8.T.atranahan,H. A. Uurlbut,
Alex. Mitchell,
A. B. Hull.
J. D. Vermi'.ve,
S. B. Chittenden.
Geo. 8. Coe.
M. Richarda.

Wm

DOnOLASa GllKBN,
a. e, batimaji,
Memb. N. Y.Cotton Exch. Memb.N.Y. Stock Kxoh.
W. W. DtTDLEY.

CREES;

&

BATEIHAar,

bankers and brokers.

Stocks, Oottok. Griis, Fobeiok

Corner VTall and

New

Kxchauoi,

Streets.

Prlvat* Wlrea to WaahlnKton, D. C, Baltlmorf,
Bos>/)n, Philadelphia and Chlcaoo.

FOR

SALE.

Chronicle Volumes
SINGE 18T0.

than

coyery. Poetry. Scientific. BioKraphical,
Historical and Political Information,
from the entire b<)dy of KorelKU
Periodical Literature.
It is therefore Invaluable to every American reader,
as the only satisfactorily fresh and COMPLETE
compilation of an indispensable current literature—
wwius^ensable because it embraces the productions of
the

possessing these volumes aince 1870 baa
hand for convenient reference a complete and reliable financial history of the period. Parties having
the more recent volumes can obtain from the pub
llsbera moat of the earlier volumea, or complete aet
can be fumlahed.

79

it

81

WILUAM

ATLANTA, GEORGIA.
PRACTICES IN ALL THB CX)DRT8.
Oorporalion and CommfeUU Law a Bpteially.

W

Refers to Judges Stephen J. Field and
3. Supreme Court, Washington, D C.

Woods n.

t0

IXtsc«IIawejotts.

BAGGING.

branches of Literature, Science, Politics and

Art.
"It is not too much to say that with The Livt^jq
Age one commands the whole field of current literary activity; and it has never been so briKht, so comprehensive, so diversiflod Id interest as it is to-day."

WARREN, JONES & GRATZ

—Bmioii Traveller.
"It has now for many years held the first place of
all our serial publications." * * "There is nothing
noteworthy in science, art. literature, biography,
philosophy or rellKion, that cannot be found in it."
* * *^It contains nearly all the good literature of
the time-"— Tfte Churchman, A'eio York.
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appejir in it in their best moods." • • "The reader
is kept well abreast of the current thought of the

dauufaoturere' Agents (or the sale of Jute Bagging

ixue."—Iloston Joitr»uif.
^*It maybe truthfully and cordially said that it
never offers a dry or valueless pttge."— A'ciw York
Tfihune.
..
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Published WKKKi.v at ^m u year, free of postage:
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l^lTTBLIi

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BOND B0<':

vestors regarding
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'

WELDED CHROME STEEL AND IRON
and Angles
Ao.
Cannot be Sawed. Cut or Drilled, and praotloaUr
In

Round and

Flat Bars, and 5 ply Plates

FOR

8AFE8, VAULTS,
Burirlar-

Pmof.

CHROME STEEL
Circulars Free.

«VORKS,
BROOKLYN, N. T.

GO., Boston.

THE FIFTH EDITION
Of our

SECURE BANK VAULTS.

Herald, Boston.

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"

1

list

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1856.

Eugrene R. Cole,

fact,

riodical !iterature."-»"undrtH iichoot Times, Philadelphia.
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LOUIS, Mo.

IRON COTTON TIE»;^

of monlhiiea. "—Pftda. ttiifiUrer,
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publication to beep him well abreast of English pe-

of a long

ik'

informatlrn for In-

rids,
!

Im iio%v

ready.

ion.

Bankers
DANA & CO.,
eULD, BAR15ULK & SWORDS,Now
York.
No. 10 Pine Street,
8TKEET, NEW TOBK,
Will remove about .Vprll Otto No. l»;W'ail Street.

WILLIAiTI B.

A. Angier,

E.

Attorney and Counselor at Law,

ABLEST LIVING WRITERS

In all

Any oflBce

at

A QUARTER
THOUSAND

THKEJS AND

double-column octavo pasea of
reading matter yeurty. It presents in an inexpensive form,
.considering its great iimuunt of
matter, with frashnesa, owing to its weekly issue,
and with a completeness nowhere else attempted.
The beat Essays. Reviews. Criticisms. Irieriul and
Short Stories. Sketches of Travel and Dis-

JOSEPH CI LL0TT5I
C STEEL PENS
Soto Br All DEALERSlHTOuoBotnrlHE

WO RLD

GOLD MEOAL PARIS EXP0SITION-ia7a.

.

THE CHKONICLE

Tib

XLU.

IV OL.

WAxblic^tious,

THE

Stock and Bond Prices

Financial Review.

IN

BOSTON,

(ANNUAL.)

18S 6-

PHILADELPHIA

A YEAR BOOK
OF

AND BALTIMORE.

FINANCIAL INFORMATION
FOB

Bankers,

18T6-18S5.

Stock Brokers,
Merchants,
Investors.

A Record

CONTENTS!

of prices in the above-named

cities,

Betroapect of 1885.

mercaatUe Fallares.
Banking; and FinancialUnited States— National

intended

as

supplementary to past and

future

Bank FlKorea and

Currency Movements.

New York Cltv—Bank Returns,

of our Annual Book, the

issues

&o.

liOndon—Money Market and Bank Returns

Commercial—
United States— Foreign Commerce, Trade
Balance, D. S. Exports and Imports ol
Leading Articles. London— Review o'
year.

FINANCIAL EEVIEW.

Bank Returns, &o.

Money Market-

Tiie

and Prices of Call Loans and
Commercial Paper since 1878.

Influences,

Cold and SilverProduction, Consumption, Exports and Imports of Gold and Silver in the United
States and abroad.

Poreign Excbange—
Market and Prices in New York,

1870-1885,

This
prices

little

volume contains the monthly

from 1876 to 1885,

inclusive,

in Boston

inclusive,

highest

and

lowest

and Bond prices from 1881

and Philadelphia; and prices from 1881

Stock

to

1885,

to

1885 in

is

intended

Investments and Specnlatlon—
Compound

Interest Table,

Baltimore

Showing Accu-

mulations ol Money In a Series of Years.
Table Sliowing the Rate Per Cent Realized

on

Securities

to be used as supplementary to past and future issues of our

Purchased at different prioee

(without regard to date of maturity.)
Stock Speculation in New York.

the

In the

Debt of the United States, 1791-1883.
8.

Annual Book,

FINANCIAL REVIEW.

United States Debt and Securities—
Prices of U.

This Record of prices in the above-named markets

REVIEW

for 1887 the prices of the Boston, Philadelphia

and

Bonds, 1860-1885.

State Debts and Securities—
State Debts and Immunity from Prosecution

Baltimore markets will be published for the

Prices of State Securities, 1860-1885.

for one year only (1886

),

first

time,

but they will be given

as the record for previous years

is

contained in

Railroads and

tlieir SecuritiesRailroad Statistics of the United States
Railroad Earnings.
Prices of Railroad Bonds, 1881-1885.

this book.

The New York Stock Market, 1881-1885.
Prices of Railroad Stocks, 1881-1885.

Price ol the Kevlew. bonnd In cloth,

-

-----

Price, bovxnd. in doth,

To

82 00

Subscribers of the Chronicle,

^1

550.

1

OO,

To Chronicle Snbseribers (one copy oaly)l 00
Postage (when sent by Mall)

WIIXIAn
-

q[»

tf'

81

B.

....

DANA

&,

lO

WILLIAM

CO.,

PUBLISHERS,
VUUam Street. New Tork

I

*e

B.

it 81

DANA
WiUlam

«&

CO.,

street,

New

Publishers,

York]

Apwl

THE CHEONICLE.

8, 18WJ.J

\x

SttBttvitnce.

liusnraucje.

THE

MUTUAL NEWLIFE

OFFICE OF THE

INSURANCE

ATLANTIC

CO.

YORK.

OF

MoCURDY,

R. A.

President.

ORGANIZED APRIL

Assets,

January a3, 1836.

oonfonnlty to the Charter of
the Comtiany, siibiult tht^ following Statement
of lt« ftfl'ulrs ou Ibo 3Vfit December, 1885:
Premiums on Mariuc Rialisfroui
Ist January, 1S83, to Slat
$3,856,618 66
Deocuiber, 1885
ott Ist

$5,196,143

120

76 Income

The United

$776,712 42

(OROANIZKD IN
861, 262
0. P.

T. H. BR08NAN, President.
Fralkigh, Seo'y. A. Wheilwbight, Ass't Sec.

cluding Tontine and Limited (NonPorfeitlng) Tontine.

all others, the Insurance remaining in full force
during the grace.
Absolute security, combined with the largest liberality, assures the popularity and success of this company.
GOOD AGENTS, desiring to represent the Company, are invited to address J. S. GAFFNSY, Superintendent of Agencies, at Home Office.

Is

mutual^'benefit
LIFE INSURANCE COMPANY,

NEWARK,

Secrettu-f.

•

-

.

$38,615,31tf

C. A.

Hand,

John D. Hewlett,
William H. Webb,
harles P. Burdett,

dmond W.

PollcieH

H

Non-ForfeltaUe

AbHoliiteljr

in

exchange.
„ „
After the third year Policies are incontestable,
except as against intentional fraud and aU rettrio-

Alexander

(UL

to travel or

net-

ii

pat ion are

.

of 50 per cent
of tiie reserve value, where valid assii. aients of the
Policies can be made as collateral secur. v.
Losses paid immediately upon completion and ap
proviii of proofs.

Leverich,

John L. Riker,
N. Denton Smith,

kiabine:

Bliss,

AVGVSTA, OEOROIA.
Kntire attention griven to purchase of

William D. Morgan,
Isaac Bell,
Edward Floyd-Jonea,

INSURANCE COMPANT,
42

Houses-

141

WALL

STRBBT,

NEW

YOKK.

D. JONES. President.

.

i

talAss.tS Janiiaryl.lSSfl

I

(
I

ST.,

& Co.,

NEW YORK.

COTTOIV.
Ck>nBlfniuient8 of Cotton. Contracts for Future Delivery ot Cotton booglit and
sold on eommiaslon.

Advanoea made on

WALTER & KROHN,
53

COTTON BROKJEKS,
BEAVER STREET, NEW VORBL

btD. Kino.

00
00

H. CL.ISBY

A.

CO.,

p-rncnASB oNtT OS ORnitRS roK A roMMiKa-os

71

96

171 2.252 69

W.lltVl.NG COMES, President.
Wainwhuiiii Hahi.ie. V.P.

See.

ff«"Thl8Coniiianvi8SuesCeTliacatC9 of Insurance.
io>r->s payable in l.o.vnON.at Its Bankers, Messrs.

BLOWN. SHIPI/K Y.ACO.

JOHN

nONTGOnSBT, ALA.

$189,565
United States Soourlties
B»nltStocli8..f .Ni^w VorkCity Banks.... 102,037
Cliv sndotlicr t^Kuksand Bonds, Loans
Bunks
S42,S53
and Cash lu
Premium Notes, Cash Premloms, Be-in77,486
su'inceand othoi Claims

Thomas Maltland.

PBARI.

COTTON BUYERS,

AS8BT8.

Anson W. Hard,

COTTON

for 8PINNEI1S and BXPORTiBRS.
CoRKitspom>KNC« Solicited,
Rkpsbknces.— National Bank of AQirusta, Oa
Henry Uentz A Co., Commission Merchants, New
York; William B. Dana A (;o.. Proprietors CoMJUBCIAI. A FiiJANCiAL CHBONICLX. and Other New York

F. Hoffmann,
COTTON BROKER AND AGENT
am> inland insurance
38 "tlK »K I.A BOVRSR. MtVRB.

COMMERCIAL MUTUAL

Henry E. Haw'ey,

&

TO OBDBB

>iow<i.

uiadcto the exto

Cash loax.s are

CO.,

Cargill,
COTTON BROKERS,

;

lions

Jones,

NORFOLK. VA.

.

John Elliott,
James G. De Forest,

ICHARLES DENNIS, Vlce-Pr«8ldenL
W. H. H. MOORE, 2d Vlce-Prea't.
A. A. RAVEN, 3d Vice-President,

50

its value will pay for; or. If preferred, a Paid-up policy for Its full value is issued in

Corllea,

JOHN

&

STREET, NBUT YORK.

KVRK, FARRAR A

32

FORCE as long as

Charles
Marshall,
Frederick H. Cossitt,
William Bryce,

George

5,-111.241

AlXer Second Ifear.
IN CASE OF LAPSE the Policy is continued

Adoli)h Lemoyne,

D

and lalvo

Liverpool.

Liberal advances made on Cotton conshmnientf.
Special attention given to orders for ountractafor
future delivery of Cotton.

35.857,827 70
2.737.481 02

Surplus (New York Standard)
:

Robert B. Mlntum,

Charles

Farrar
132 PEARI,

President.

-

Surplus....

I

New York and

Henry M. Taber

J

N.
-

Assets (Msrliet Values)
l.iabilltiea(4percent Ueserre)

Bei\]amin H. Field,
Josiah O. Low,
Thomas B Coddlngton,
William Degroot,
Horace Gray,
William E. Dodge,
William H. Maey,

In

on

Anzi DODD,

Sturgis,

Bpeelal attention crtTen to the pnrohase

One month's grace allowed In the payment of
Premiums on Tontine Policies, and ten days* grace

declared on the net earned premiums of the
Company, for the year ending 31st December,
1885, for which certlflcates will be issued on
•nd after Tuesday, the 4th of May next.
By order of the Board,

Wm.

Cotton fixcbanffe BnlldlnS) Neiv Tork

Future CoQtracU

All Policies issued by this Company are nrDiSPUTyears.
All Death Claims paid wrrHOiTT oisconsT as soon
as satisfactory proofs have been received.
This Company issues all forms of Insurance, In-

THE

T It r S XiE K S

Cotton Commission Merchants,

1850.)

& 263 Broadway, New York.

ABLE after three

holders thereof, or their legal representatives,
after Tuesday, the 2d of February next.
OUTSTANDING CERTIFICATES of
the issue of 18S1 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the 2d of February
neali from which date all interest thereon wil]
oease. The certlflcates to be produced at the
time of payment and canceled.

CHAPMAN,

& Co.,

sively.

on and

A DIVIDEND OF FORTY PER CENT

Robert Tannahill

Oko. H. Bt7RFORD. Actaarr.

ing certlflcates of profits will be paid to the

A. A. Raven,

1H5<'.

9

All the profits belODg to the Polior-holders exclu-

SIX PER CENT INTEREST on the outstand-

James Low,

IN

States Life

Insurance Co.
THB CITV OF NK^V YORK.

IN

228,897 88

J. D, Jones,
Charles Dennis,
W. H. H. Moore,

KSTABMSllKO

Cotton.

$12,740,326 46

H.

cunibinea the protective feature of life Infiuranott
with the lnvo8tment featnro of the end'^wment
fiolicy, while it avoidH the expense attendinR the
atter by the ordinary method. Ad tmpruvement hjui
alito been added to thin new form or p Itcy within
the year, which tiiveo the assured the option at the
end oif the period of taking the endowment In caah
or of contlnuinfT the in.surance for a much larger
amount without any further payment of premium.
independent nf the cnriditioii of health at the time.

AND MAKES

Bank

J,

IIKNHY STOKES. President.
From PhiindelvhUi Inquirer. Jan. W), IftlM.
The iiBTT plan or the Manhattan Ltfe IfMorMKMI
Company continues to meet t\u> |>oi>ul»r favor. It

PROMPT PAYMENT OF CLAIMS.

The Company has the following Assets, viz.:
United States and State ot New
York Stock, fity. Bank and
$9,034,685 00
other Stocks
Loans secured by Stocks and
1,438,600 00
otherwise
Real Estate and Claims due the
530,000 00
Company, estimated at
Premium Notes and Bills Keceivable
1,508,143 53
in

$58,161,925
10,483,617
16,003,480

1885

INDISPUTABLE ASSURANCES

$1,915,020 67

Amount

1,

in 1884

Paid to Policyholders during
Iast25year8
81,072,486
THE SOCIETY ISSUES

the same

Returns ot Premiums and Expenses

Cash

January

Assets,

off

Losses paid during
period

The Company is stronir, reliable and poiralar; and
luaas • rarletr of policies mlted to the dlAarant
olrcomstancw of tosarers.

MANHATTAN

BROADWAY, WEW YORK.

Surplus at 4 per cent

from 1st
January, 1835, to 3l8t Decem$3,770,094 30
ber, 1885

Premiums marked

$103,876,178 51

-

Blaine Non-Porfeltare Lair,
LOSBBa PAID PROMPTLY AND WITUOUT
DISCOUNT.

IIVSURA^CE C09IPA1VT,
LIFE ASISVKANCE SOCIETY, LIFE
158 & 158 BEOADWAY. NEW YORK-

1,339,525 10

Total Marine Premiums

14, 1842.

The

EQUITABLE

notmarked

January, 1385

-

I)tl9.

Aicanla for circular*

Its

explaining

Bates Lower than otfur Companies.

The Trustees, In

Premlumson

PORTLAND, MAINE.
JOHN B. DB WITT, President.
OIUlANI/.tU

Mutual Insurance Co.,

Policies

Company

Life Insurance

Writa to the Company or

ISaVES SYERT DESORIPTIOH OF

LIFEdiENDO WMENT POLICIES

NEW YORK,

UNION MUTUAL

Chronicle

Numbers

WAXTEO.
96T, »70, 97f, 970, 981, and Jane,
18S4, Supplement.
Ten CanU for «a«li of ttaa abor* paid at Un omce.

THE CHRONICLE.
Stillman,

INMAN,SWANN&Co

NEW YOKK.
MADH ON ACCEPTABLE

COTTON MERCHANTS,

SECURITIES.

ePICIAL ArMNTION TO 0RDBB8 FOB CONTRAOTS
JOB FUTUBB DKLIVBBT OV COTTON.

Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS foj
cash or on margin.
DEPOSITS RECEIVED— subject to check at alght

NEW
Cotton, Coffee,

in

G. E. Staengleii,

BUIIiDING,

NEW YORK, NEW ORLEANS,

YORK.

AGENT FOB

New York

&

COTTON COMPANY OF STUTTaART.

C O T T

OM

NOW YORK, LIVERPOOL AND NEW ORLEANS COTTON EXCHANGES. Also orders for

•t the

COFFEE
NEW YORK COFFEE EXCHANGE,

G.

COBBBSPONDKKTS

John

LEHMAN

EXCHANGE PLACE,
KSMBEB8 OF THE OOTTOff, COFFEE AKD
PKODUOE EXCHANGES.
204

&

H. wheeler.

Wheeler,

NEW

CHtrRCH STRKX!!

& Gwynn,

New York.

GRAVIER ST.,

New

Orleans, La.

$4,000,000 00

Liabilities

unpaid losses

for

and re-insurance fund
Not Surplus

Assets Jan.
SPBCiAt Attention Given to the Execution

OF

I,

2,057,776 2^
3,202,320 41

1886

o.

$9,260,096 66

16 and 18 Exchange Place,

COMMISSION MERCHANTS,
COTTON EXCHANGE,

John C. Graham

York,

&

Co.,

Cotton Commission Mercliants,
No. 19 SOUTJH WILLIAM STREET

York.

8ELMA, ALA.; MONTGOMERY, ALA.
Buyers of Cotton for a Commission
Orders for Future Contracts executed In New York

NEW YORK.

B. F.

Geo. Copeland

&

Co.,

COTTON BROKERS,

PEARL STREET. NBT^ YORK

COMMISSION MERCHANTS,
LIVERPOOL,

Receive consignments of Cotton and other Produce,
and execute orders at the Exchanges in Liverpool.
Represented in New York at the office of

SAM'L

PEARL STREET.

SPECIAL ATTENTION TO COTTON FUTURES

FELLOWES, JOHNSON & TILESTON,
COTTON, STOCKS, RONDS, &c.,
S5 WILLIAM 8TBEBT, NEW YOBK.
Futures" ezecnted at N. Y. Cotton Kzob

D.

BABCOCK

82 Nassau Street,

Price,

Reid

New

York.

&

Co.,
& Cominission Merchants
NORFOLK, VA.

Cotton Brokers

Mercantile

Correspondence

LONDON AND EDINBITROH.
S. Branch Statement
Invested and Cash Fire Assets

&

COTTON BROKERS,
Street, New York.
promptly

1,

1886.

JS,301,747 6

$1,153,063 85
179,379 97
44,748 4S

.1,884,555 ST
t3,301,747 al

Losses paid in U.

U.

8.

S. in 18

years

.

.Si S,'i1 0,33'i 01

Bkancii OrricE, 54 Wili^iam

CHAS.

E.

WHITE, SAM.

P.

St.,

N. T.

BLAGDEJf,

Managers.

JAS. F.

DUDLEY,

Supt. of Agenolea.

Commercial Union
Assurance

Co.^limiied,

of london.

OFFICE:

Co.,

135 Pearl

Orders for Spot Cotton and Futures
executed

Jan.

LIABILITIES.:
Reserve for Unearned Premiums
Reserve for Unpaid Losses
Other Liabilities

solicttea.

Dennis Perkins

Co.

Ins.

U.

Liberal advances made on Cotton consignments.
Special attention given to the sale of cotton to
arrive or In transit for both foreign and domestic
markt.ts.

ARent.

British

Net Hurplus

IT 'Water Street,

WAI.DRON & TAINTER.
COTTON MERCHANTS,

anij Liverpool.

BABCOCK&CO.

^^

land Liverpool.

ALEXANDER,

OF

ORDiraS FOB FtJTUKK CONTBAOTS HXKCtJTBD IN

New Yobk

New York

St.,

North

& Co., &

COTTON

new

JAS. A.

Hopkins. Lucnrs Hopkins Smith
Ceables d. millxb.

COMMISSION MERCHANTS
Post butldino.

No. 3 Cortlandt

ORDERS FOB FUTITRE CONTRACTS.

Hopkins, Dwight

AND

In "

Company

OF HARTFORD.
Capital

OusTAvrrs

Olden

MTNA

Mohr, Hanemann& Co.,
ST., 186

14,342.430 SS

President.

WM. B. CROWELL. Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretary.
FRANCIS P. BURKE. Seo'y Local Dep't.

YORK.

.

No. 97

STEPHEN CROW^ELL,

Insurance

COTTON FACTORS

1B4

2,390,985
387,827 87
640,981 18

St,

:

New

K

Reserve for unearned premiums
Reserve for unpaid losses
Netsurplus

CONTRACTS OF COTTON.

Neir York.

Fielding

195 Broadway, New Yort City.
Company lat Day of Jan., 1885.
CASH CAPITAL
|1,000,000 00

Advances made on Cotton Consignments and Special
Attention given to purchase and sale of FUTURE
i'
uivi,

PEARL

N. Y.
1840.

statement of

ALSO

123

Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correagondents in Liverpool
Messrs. L. Rosenheim
ons and A Stern & Co.; In London, Messrs. B. New-

PBAPL STREET,

Ofttce,

(FOR BALING COTTON).

No. 40

A Co.

and Pro

Phenix Insurance Co.
OF BROOKLYN,

BACM2IN6 AND IRON TIES,

ooinniissiON iuerchants.

gasa

also for Grain

EstablUhed On Tontine Building)

COTTON COMMISSION MERCHANTS

BRO'S,

Cotton AND Factors
UP-TOWN office. No.

Henbt

BtrLLABD.

Co.,

Montgomery Ala.

Orleans, La.

.l.

Bullard

i

Lehman, Ditrb &

it,

NEW YORK.

Messrs. Smith, Edwards & Co., Cotton Brokers,
Liverpool.
Jas. Lea McLean, New Orleans.

LiHMAN, Stern & Co.,

Co.,

WARE SCHROEDER.
COTTON COMMISSION MERCHANTS,
Cotton Exchange Building,

and

CHICAGO BOARD OF TRADE.

&

Schroeder
Successors to

and

NEW YORK PRODUCE EXCHANGE

New

;

York.

COTTON BROKERS,
No. 113

Pald-Up Capital, E. M. 6,000,000.

GRAEN AND PROVISIOBIS
the

and Liverpool

New

James F. Wenman & Co.,

Authorized Capital, R. M. 20,000,000.

Co.,

8 Sontb WllUam St., Tiew York,
XBCDTB ORDERS FOR FUTURE DELIVERY

the

NEW YOKK.

ST.,

Orders for future delivery of Cotton executed In

New York
visions In

City.

COMMISSION MERCHANTS,

t

PEARL

No. 123

Gram and Petroleum Bought and

Henry Hentz

at the

Bloss,

COMMISSION MERCHANTS,

Co.,

Bold for Cash, or carried on Margin, on the various

Exchanges

npon balances.

interest

Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.

York.

Gwathmey &

COMMISSION MERCHANTS,

COTTON EXCH&^NGE

Sons,

BRANCH OFFIOBS 5tsUs
132 Chapel
/fJ?"5f,''JS""S,*'' 'Si ^•'
St., Neir Haven

OF SPINNERS,
0F7EBED ON TBBM8 TO SCTT.

&

P. Hateli.

BANKERS,
14 NASSAU STREET, NEW YORK.

—with

Wew

COTTON, ALL OBADSS, SUITABLE TO WANTS

1886.

Arthur M. Katth.

W. T. Hatch &

Post Bnildiug, 16 & 18 Exchange Flaee

R. Macready

Htnry

Walter T. Hateh.
Nath'l W. T. Hatch.

MERCHANTS,

LOA.NS

3,

l^isceHatitows.

®0ttX»U.

®0tt0tt.

Woodward &

[April

Cor.

Pine

& Williarn Sis

New

York,