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HUNT’S
REPRESENTING
THE
MERCHANTS’
MAGAZINE,
9 SftUeltljj IMwsyaper,
INDUSTRIAL AND COMMERCIAL INTERESTS OP
THE UNITED STATES.
[Entered, according to act of Congress, in the year 1882,
by Wm. B. Dana & Co., in the office of the Librarian of
Congress, Washington.
VOL. 34.
SATURDAY, APRIL 8, 1882.
CONTE NTS.
THE
The Financial Situation
Encouragement to Labor
387
381)
Bandy Cotton
Mr. Hewitt
on
the Tariff Com¬
mission
Corners
—
UHFONrCLE.
390
390
How
to
Prevent
Cotton Consumption and Over¬
land Movemeut to April I... 391
The Debt Statement for
March,
1832
395
U. S. Treasury Statement
395
Monetary and
Commercial
English News
398
Them
391
The Irish “Suspects”
392 Commercial and Miscellaneous
ThoVetoof the Chinese Bill.. 393
News
398
THE BANKERS’ GAZETTE.
Money Market, Foreign Ex¬
change, U.8. Securities, State
and Railroad
Stocks
Bonds
Quotations'of Stocks and Bonds
402
New York Local Securities.... 403
and
Railroad Earnings and Bank
Returns
404
Range in Prices at the N. Y.
and State, City
Investments,
Stock Exchange
401
and Corporation Finances... 405
THE COMMERCIAL TIMES.
Commercial Epitome
410
| Dry Goods
416
Cotton
410 Imports and
Exports
416
Breadstufls
415
400
3pte Chronicle.
The Commercial
and
i Entered at the Post Office, New York, N.
Y.,
as
second-class mail matter.J
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WILLIAM B. DANA.
\
WILLIAM B. DANA Sc 00., Publishers,
JOHN Q. FLOYD.
j
79 & 81 William
Street, NEW YORK.
Post Office Box 958.
THE FINANCIAL SITUA TION.
There has been, a decided
change in the outlook on
Wall Street
during the past week. That is to say, prices
hare given way, and the
incipient speculative movement
collapsed. This is the result, not of any unsettling
event
abroad, nor of anything of a very surprising char¬
acter at
home, but solely because of a sudden withdrawal
of the
support which, for the past three weeks, has been
has
extended to certain classes of
securities.
Had that sup¬
port been continued, doubtless the situation
would have
remained
unchanged. But as we intimated last week, the
Europe, the settlement of
the
accompanied with continued
good road earnings, easy money and general business
activity. Besides, at the outset, Mr. Vanderbilt declared his
purpose to support the properties with which he is identi¬
fied ; that Lake Shore was
good for 8 per cent under almost
any circumstances and if necessary he would take the
whole capital of the
company at a price.
At that date
Lake Shore was
selling at 114@114f after having sold at
108 as
recently as Feb. 23. Those statements and others
equally assuring were made in an interview with a news¬
paper reporter the 15th of last month.
On the previous
Monday Mr. Gould had also opened his “ box ” and dis¬
played his millions, thereby ostensibly proclaiming to the
world that he too
Financial Chronicle is issued
Satur¬
day morning, with the latest news up to midnight ofevery
Friday.
TERMS OF
the recovery from the crisis in
railroad war here, and was
NO. 876.
Can
we
was
speculating for
a
rise.
wonder that the
public were at first inclined to
put faith in these circumstances and declarations ? For¬
tunately, however, the ^(m-confidence imparted had in it
liberal share of
distrust; for the advance in prices
from day to day became so
plainly artificial that the bulk
of operators, while
using to an extent this “personal mar¬
ket,” stood in wholesome fear of it. Still, the
rising prices
a
were
some
hailed with satisfaction by the
street, and doubtless
few outsiders, tempted
by the glittering bait, and
by the oft-repeated promise of much higher figures,
ventured into the speculative circle.
In fact, so regularly
each morning was the
“peg” inserted behind Lake Shore,
and so persistently did Mr. Vanderbilt’s
chosen represent¬
ative bid the “peg” price for
“any part of 10,000 shares
of the capital stock,” that even the most
skeptical specu¬
lator began to think that the stock would
be sustained
under all
circumstances, and placed faith in the stories
which were current, that
something startling in the way
of consolidation was in
contemplation which would let out
all holders
[at-a liberal profit. In Wall Street, both Mr.
Vanderbilt and Mr. Gould began to be
regarded with
admiration, profiting, as the operators there were, by this
joint manipulation of the market.
misled
All went well until last
Monday. Prices were strong to
generally felt to be wholly artificial, it buoyant on the previous
Saturday, and the equivalent of
received no
encouragement from, but excited the distrust of the highest
figures of the year were recorded for Lake
conservative classes, and the
“pegged” stocks had therefore Shore immediately before the close, the stock
under the circumstances
selling at
probably touched as high a point 118J ex 2 per cent dividend. On Monday,
as it was
however, the
safe to
carry them. The feeling now is one of opening price was 116 and the next
sale
was at 114.
general
movement
seems
been
was
disappointment,
as
not to say discouragement, and it
if confidence in the
future of the market had
rudely unsettled,
not
soon to
be restored.
When this spasm came
on, it had in appearance the flush
of
health, for it took its rise after the severest and
pounding by the
market has
ever
longest
united company of railroad
managers the
experienced.
Furthermore, it
succeeded
Then it became evident that the “
peg”' orders had been
explanation given was that Mr.
Vanderbilt was so extremely shocked
by the sudden death
of his brother that he had refused or
neglected to instruct
his brokers regarding their course in the market!
This
excuse found
many believers, because after the plunge
downward there was a more or less
rapid recovery; but
withdrawn.
At first the
CHRONICLE.
THE
38a
day the rumor became current
later in the
that on Satur¬
day afternoon Mr. Vanderbilt had privately settled with the
outstanding shorts on the basis of 120, dividend on, and
had withdrawn his sustaining orders. The next day the
course-of this stock alone, was regarded as sufficient evidence
that Mr. Vanderbilt was out of the market, and since then
difference it was against them. In view of
this probability, and also considering the interior and
foreign movement; the following will give an indication of
there
speculators for a fall have had comparatively little diffi¬
culty in pressing the Vanderbilt specialties downward.
Of course this withdrawal of one of the supporting pillars
to the market left the burden .upon Mr. Gould who, it is
any
In >o Banks.
Sub-Treasury operations,
Interior movement
consulted regarding the settle¬
This, his party claim, was shabby
treatment, but Mr. Vanderbilt’s friends justify it upon the
ground that the time had come when it was for good rea.
ment above
was
this week’s bank return.
the
generally reported, was not
[Vox., xxxiv.
referred to.
Gold
$2,435,678
1,954,000
net...
$
Net Gain.
$2,435,678
1,193,000
*
770,000
exported this week
$1,963,000
$4,389,078
Total
*
Onto/Banks
761,000
770,000
$2,426,678
LOf-8.
foreign exchange market is quiet but strong at the
advance made on Monday, and while rates are actually
The
gold-shipping point some bankers who were
unable to obtain a supply of acceptable bills had to ship
gold on Tuesday and on Thursday. As we write it is a
sons necessary; and furthermore, that Mr. Gould would
have done likewise had he had the opportunity.
The little uncertain as to the shipments to-day, and it is scarcely
public, however, do not accept this explanation, for they probable that any gold will go out. The block of sterling,,
now
estimated at £1,000,000, which was borrowed by
are slow and unwilling to believe that a man of acknowl¬
edged position and abounding wealth could resort to such leading speculators in stocks for the purpose of preventing
tricks for simple gain : it is therefore hoped, and may we gold shipments last week, has all been sold, and now the
market is depending upon the very uncertain supply
not say believed, that some other explanation will be made,
for the whole affair leaves an unsatisfactory feeling preva¬ coming from commercial bills and the few bankers’ drafts
made against outgoing securities, some of the choicest in
lent among the more conservative classes.
our market still going abroad.
The following will indicate
The speculators for a decline, who have stood aloof
the margin of profit for cable transactions, the table showing
during the wondrous advance of the past three weeks,
relative prices in London and New York at the opening
began to take courage again when they saw the break,—
each day:
first operating cautiously for fear of a trap, and then
April 7.
April 6.
April 5.
April 4.
April 3becoming bolder, until Thursday, when they seemed in
Lond'n N.Y.
full control of the market.
Rumors of a disquieting
Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
prices. prices.* prices. prices* prices. prices* prices.
price.s.*
character were circulated, which, when traced, were
11006 119
118-e8 118% 118-57 118% 118-45 118%
found to refer to a banking house that has for some time U.S.4s,c. 10249 102% 10249 102% 102-49 102% 10249 103
U S.3%s
3706
37 68
36%
37%
37-18
30%
3 7%
38 17
past been gradually closing up its business, and first Erie
95-74
95
9623
94%
95-74
95%
90 72
2d
95%
136 98 136%
13784
one and then another of the leading stocks were attacked.
136-98
136%
136%
w
ill. Cent. 136 98 13d%
133 % 133 06 131% 133-79 132% 133-30 131%
The ease with which the Vanderbilt specialties yielded, N. Y. C.. 13440
32o2t
31-66+
64% 81-79+ 62%
61%
Reading 3252+ 64%
indicated that he was not yet ready to name the price at
Kxch’ge,
4-91
4-91
4-91
4*91
cables.
which he would take the whole capital, and that his followers
below the
oS
cun.
and friends were
by
no
means so
enthusiastic
as
they
recently were. The speculators for a decline attacked the
Gould specialties, but were apparently disposed to be
content with small profits, well remembering that this
skilful manipulator possesses the power and ability sud¬
denly to turn the market when such a course i3 least
expected.
Money has been in fair demand during the week... It
was active on Monday, mainly by reason
of the shifting
of loans and the absence of the short interest in stocks.
Since then the Treasury disbursements have been liberal,
and the supply from other sources has been sufficient to
meet the daily inquiry.
There is no important change to
note in the domestic exchanges, which continue to rule
in favor ©f this centre at all points except Boston and
near-by places; and for Boston there appears to be an
amount of exchange available to supply the demand,
without transferring much money to that city.
The
Treasury operations for the week, excluding * the receipt
of $4,000,000 gold from the Philadelphia Mint, have
resulted in a loss, which is a gain to the banks, of
$2,435,677 90.
ment for
The following shows the interior
the week.
Receipts al and Shipments from N.
^Inrrftncy
Gold
Total
*
+
Expressed in their New York equivalent.
Reading on basis of >50, par value.
England return for the week shows a loss
of £766,000 bullion, probably due to the withdrawal of
Government deposits. The proportion of reserve to liabili¬
ties is reduced 6£ per cent.
The Bank of France reports
a
gain of 6,825,000 francs gold, and a loss of 1,40 0,000
francs silver.
The Bank of Germany since last report has
lost 16,580,000 marks.
The following shows the amount
of bullion in each of the principal European banks this
week and at the corresponding date of last year.
The Bank of
April 6,
Rn.nlr rtf
Bank of Germany
Shipped.
$1,916,000
38,000
$991,000
202,000
$1,954,000
$1,193,000
received $1,250,000 gold for the
associated banks during the week, and paid out $850,000
on their account, of which $750,000 went to Europe.
The bank statement of last Saturdav
doubtless reflected
*
The Bank of America
previous week
Silver.
£
*
*
£
payments by the
Treasury for the week
banks, and if
as
follows.
Gonstistinq of—
Duties.
Date.
Goldi
April
M
31
...
1....
3....
U
4....
4*
5....
44
6....
t-
Gold.
Assay Office through the Subamounted to $58,811. The
move¬
receipts by the Assistant Treasurer from the Custom-
Received.
nearly the actual condition of the
Silver.
The
Mar.
yery
Gold.
70,126,685
64.955,165 66,276,386 57,975,459
70,717,438
>5,655.415 66,944,136 59,047,306
Total this week
Total
April 7, 1831.
1*882.
26,955,903
23,316,738
31.827,427 45,843,386 23,904,556 48,781,685
7,115,000 21,345,000
6,811,000 20,433,000
"Fincdn/nd
Bank of France
House have been
Y.
equivalent is based upon the highest rate for
ordinarily covers nearly all charges, Buch as
commissions.
Note.—1 lie New York
cable transfers, which
interest, insurance and
Total...
TJ. S.
Silver
Silver
Notes.
Dollars.
Certificate*'
$1,000
$146,000
1,000
103,000
68
19
92
94
$432,000
$17,000
214,000
464,000
9,000
18,000
16,000
26
38
352,000
526,000
16,000
$5,040,687 37
$2,373,000
$595,650
285,600
585,493
483,161
430,126
660,649
385,000
—
62,000
1,000
82,000
62,000
11,000
1,000
123,000
$87,000
$4,000
$578,000
Airil
iHE OHitOMICLE.
8, 1882J
389
Government bonds continue strong
for 4s and 4£s, and while the other mills were drained of it; and thus the
there is a good investment demand for these securities, not¬ Pacific was compensated for its increased cost
by better
withstanding the high prices, showing that the absolute workmanship.
But aside from any appeal to
safety which these bonds afford is regarded by investors as
self-interest, is it not an
of greater importance than the amount of interest received obligation devolving upon
employers that they should have
on the sum invested.
The Secretary of the Treasury has in view the highest welfare of their
employees ? Grant
issued a call for $15,000,000 extended 6s redeemable that the average laboring man is
perverse, obstinate, and
June 7th. The outstanding calls, including that which does not know what is to his
advantage, does not the
matures to-day, amount to $50,000,000, and there are employer
clearly owe it to himself and to society to make
now $59,901,000 uncalled extended 6s.
reasonable provision for those in his service ? Is it
right
that the employer should allow
hasty action on the part
of the employee to influence him to withhold from the
ENCOURAGEMENT TO LABOR.
employee that care and consideration which he would
Mr. Moses Taylor’s gift of $250,000 (this is the par otherwise bestow
upon him ?
The question is an im¬
value of the bonds donated, the actual value is much more)
portant one, for the wage-laborer is all the time forfeiting
to found a hospital for sick and disabled employees of the his claims to
the regard of his employer by ill-advised
Delaware Lackawanna & Western Railroad Company and endeavors.
But such endeavors are chiefly the result of
the Lackawanna Coal & Iron Company, is in itself a
ignorance—ignorance of the conditions of trade and the
generous act. But its chief merit is not in that fact ; position of the employer as respects profits and business.
it has a wider significance.
It is an evidence of consid¬ Take for instance the strikes now in
eration and
regard for
the
employed such as cannot
but have a wholesome effect upon their relations with these
companies, promoting the interests and welfare of the cor¬
porations with which they are connected, while giving an
assurance to the men that in the day of sickness or dis¬
ability they will be taken care of.
To railroad employees it is especially important that
there should be provision for the treatment of the sick.
From the nature of their work they are peculiarly liable to
need at any moment assistance of this kind. Accidents of
a severe
nature are always among the possibilities on
railroads.
Probably the average number of lives lost
and the average number of persons injured in
discharge
of their duties are not much greater than in some other
lines of business, but the total on occasions may reach
large figures. In the long run the risk may be no gre ater,
but at any one time the risk is infinitely greater.
The
railroad laborer is constantly threatened with sudden dis¬
ability, with scarcely the means to meet every-day needs,
let alone the demands that would arise on
extraordinary
occasions.
Through the liberality of Mr. Taylor the
laborers
on
men
at least the Delaware
and Lackawanna Coal & Iron
to
a
certain extent of the
Lackawanna & Western
Companies will be relieved
anxiety that this must give
them.
This donation suggests the
not be wise for other managers
age
thought whether it would
of corporations to encour¬
those in their employ by similar acts of liberality. If
managers showed an interest in the affairs of their em¬
ployees, would not the employees show an interest in the
affairs of corporations ? To be sure, experience makes
it certain that even the best of treatment affords no
protection against rashness and recklessness on the part
of
employees; but that is no proof that liberal treatment is
only correct policy to be pursued. The
Pacific Mills offer a point in illustration.
It is an ac¬
knowledged fact that the hands employed at these mills
enjoyed greater advantages than similar hands employed
not the best and
elsewhere.
The pay was
better, the treatment was better.
they have struck. It does not at all follow, however,
that the
company lost anything through the more humane
treatment.
On the contrary, there is strong evidence
against such a presumption. The testimony of competing
mill-owners demonstrates this.
They all say that the
better treatment by the Pacific
seriously inconvenienced
them. As soon as a man had
acquired a reputation for
superior skill and trustworthiness, the Pacific Mills would,
i>y offering better terms, secure his services. Thus the
Pacific always commanded, the best labor in the
market,
Yet
progress
in various
sections of the
country. Bearing in mind the reaction
that has taken place from the spirit of
speculation,
dominant
a
displayed
now
and the cautious feeling everywhere
about ventures depending upon the future
for their success, could a more inopportune moment than
the present have been selected for
striking ? Yet though
the laborer must always suffer more or less from his
folly,
and in a measure abide the consequences of his
acts, it
would be manifestly unfair to put all the blame
upon him,
and, therefore, to visit upon him all the pains that it is
within our power to inflict.
In very great part he is what
the conditions which surround him make
him, and he
cannot arise above them.
Those that lead him on, have
more to answer for than
he; still they are the product of
the same soil and are on a par with him, not
superior to
him. They do not understand political economy—they
cannot be expected to.
Clearly, then, the remedy is in improving the conditions.
Let the laborer have proof, which even his
ignorant eyes
can see, that the
capitalist is his ally and friend, and not
his antagonist and enemy, as the corner
politician preaches.
By kindliness, by considerate treatment, by a disposition
to improve his lot, the laborer may be made to feel that his
interests are identical with those of his employer. As
ignor¬
ance is the
greatest of vices, and the parent of more evils
than all others combined, ignorance has first to be
replaced
with knowledge and intelligence.
By a comprehensive
system of schools, for old and young, courses of lectures,
and complete libraries, for the use and benefit of those
rendering good service, this could easily be accomplished.
Then there should be provision for the sick and
ailing.
This the hospital would supply. Then could there not be
provision made for a rainy day—that is, a fund on which
the laborer could draw in old age, when worn out and
unfit for further work, and also on which his family could
draw in case of sickness or death ? The establishing of
mutual benefit associations or a system of life insurance
year ago,
would effect this end.
By these means the laborer would be assured that the
capitalist is not working him merely for what he can get
out of him—that he takes a real and genuine interest in
his condition and welfare. A kindlier spirit would grow
up between employer and employed, and gradually, we
think, discord and strife would, in a great measure at
least, give way to harmony and peace. But efforts of this
kind must be thoroughly systematized, conducted on busi¬
ness principles and the result of
kindly feeling. They would
then afford the clearest evidence that those whose profits
and gains the laboring man helps to swell, are not disposed
THE CHRONICLE.
390
forget or neglect him. Not only on its own account,
therefore, but as a sign of tho tendency of the times, we
hail Mr. Taylor’s gift with great satisfaction.
to
from the planter to the interior buyers, and from them to the
port
buyers. It is, therefore, a matter of very great injustice to throw blame
on tho planter or American dealer.
In fact, the statement of dishonesty
and other wholesale accusations that have been published to tho
world
against
There
SANDY
COTTON
The press in
the complaint
Great Britain lias very naturally taken up
of the Oldham spinners about the dirt
We made some suggestions
found in American cotton.
on this subject last November, but they do not seem to
have been sufficient to even set Col. Shaw, our Consul at
Manchester, on tho right scent for facts with which to
make up an intelligent report.
Ho has unintentionally
done our planting interest great harm in reaching conclu¬
sions without sufficient familiarity with his subject.
For
there are really two distinct charges—one with regard to
Sandy Cotton ” and the other “Fraudulent Packing
but they are stated with so little discrimination by Col.
Shaw and in the complaints from Liverpool, that the
“
inference is that the whole American cotton interest has
combined to
impose on English spinners.
As to sand, no one has any doubt of
its existence in
year’s cotton crop, or even in this year’s crop. It was
not necessary for Col. Shaw to go’ to Oldham or Man¬
chester to see evidences of it; he could have found such
evidences in mills nearer home, or in many cotton brokers’
offices at Liverpool and New York.
In fact, he could
have discovered the proof of it, most likely, in the market
quotations. What does it mean when middling cotton is
selling in Liverpool at 6|-d. per pound, to find sales
reported there as made at 2Ad.? Are wo not justified
in concluding from such sales that some trashy cotton is in
the market, probably full of dirt and sand, and that there
are spinners who -want it ?
If a man buys a lame horse
or heated wheat at a correspondingly low price, he certainly
has no reason to complain if he finds afterwards that he
has got what he paid for.
Col. Shaw, therefore, should
have followed up his inquiry, starting from those heaps of
.sand if he wanted to, but from them passing to the
spinner’s ledger, thence to the broker, thence to the shipper,
etc., until he found out the prices paid by these different
parties. In this manner he would have done some good,
instead of harm, by fixing the charge of fraud, if there
was any, where it belonged.
We are led to make these remarks by the receipt of the
following letter, in which the writer shows very naturally
and very justly indignation at the charges made.
last
t
-
Editor Financial Chronicle:
Opelika, Ala., March 28, 1S82.
Dear Sir—Having read n»merous complaints by English spinners,
published in various papers, of sand and damp-packed American cotton,
and having noticed especially the full report of our Consul, Col. Albert
D. Shaw, at Manchester, upon the subject, I should like to say a word or
two, with your permission, in explanation of the matter.
The whole trouble, it seems to me, has arisen from the unprecedented
Dad season for gathering the crop of 1880-81. It will be remembered that
it rained almost incessantly for over two months in the midst of the pick¬
ing season that year—from October to near the last of December—through,
out the entire cotton region. The damage thus done, it was thought by
many experienced dealers and planters, would result In a loss of at least
one-fourth of the entire crop, as much of it had been beaten out of the
bolls and on to and into the ground. The weather afterwards clearing up
and being pleasant, this vast amount of cotton—once given 9up as a
total loss—was picked up, and of course a great deal of sand and dirt
with it, and ginned, and sold for what it would bring, much of it selling
in the interior at from 3®Go. per lb., and some even for less, when
•were bringing lO^lO^ailc.
A corresponding difference
at the.time made in all the American port markets, as all tlie mar¬
middlings
was
ket reports of the same will show,
thus proving conclusively from the
prices paid that it was being bought upon its merits and that the buyers
knew what they were buying.
The greater amount of rainfall, and consequent dampness in the air,
was also the cause of the excessive damp condition of tho crop of that
season ; but in all cases, both in the interior and in tho ports, allowance
was made when the damp could be discovered—as much as 5® 10
per cent frequently being taken off for damp. Whether these deduc¬
tions were made by exporters in their invoices, or if they were, whether
the receiver in Liverpool or the broker there gave the spinner the
benefit, I have no means of knowing; but I do know they were made
[VOL. XXXIV.
there
us are a
libel upon our entire people.
are some
are
dishonest planters and interior dealers in cotton
men in every trade and everywhere, not
dishonest
as
excepting
Liverpool brokers and Manchester spinners; but most, if not all, the
cotton-growing States have stringent laws against false packing of
cotton— i. c., putting sand or water in—and will punish it
severely if
discovered. Yours respectfully,
M. Cooper.
To the above
only add, as we said last Novem¬
ber, that what is known as “sandy”.or “dusty” cotton is
readily recognized by any capable buyer, and is rejected
as not merchantable.
It can bo detected not only from
the actual presence in the sample, but from the
weight.
Consequently it falls to very low prices, frequently to prices
much below its intrinsic worth, and this was especially the
case with regard to last year’s crop.
At these low figures,
under the.name of “rejections,” it is gathered upbyspecu.
lators, sorted into lots according to real value, and then kept
until there is a demand for. it, which always sets in when
the supply becomes reduced.
No one who knows how to
buy cotton well, will take it except at a price which will
pay for supposed waste, extra labor and injury to machinery.
It is, therefore, an evident wrong to class such cotton as
fraudulently packed.” There is no fraud or purpose of
fraud on the part of the producer or of the seller ; and if
the spinner takes such cotton above its value, must ho
not either have been misled by his broker, or have bought
it with his eyes open, choosing at the lower price to run
the risk ?
It is therefore clearly unjust for our Liverpool
friends to call American merchants or planters dishonest
for what. looks not unlike English stupidity or cupidity.
Of course we are not writing about actual frauds, such
as shoveling into a bale of cotton the sweepings of agin
house, putting in logs and stones, &c. No one will con¬
demn these acts more strongly than Americans, and, as
our
correspondent says, all the Southern States have
stringent laws, with severe penalties, to prevent them. It
is the duty of the J trade to investigate and if possible
follow up every such case until’the guilty man is found
and punished ; ;and if the discussions1 which have arisen
lead to closer f watchfulness and more stringent regula¬
tions in those particulars, no one will rejoice more heartily
than the American planter and American merchant.,
There have undoubtedly been more of such cases this
year than usual, and there is need that examples should
be made of the perpetrators of these frauds.
But what is
ordinarily called *■ sandy cotton ” does not come under
we can
“
that head.
MR. HEWITT ON THE TARIFF COMMISSION
question his
practical. The student may be a
simple theorist, but commerce tests theory, and the result
is actual experience. One cannot read Mr. Hewitt’s speech
on the tariff commission without being struck with this
feature of it, and feeling a3 he reads it that it is the most
suggestive and useful contribution to this discussion which
Congress Las given us.
Among the many forcible points made, none is deserving
of more attention than the reasons offered for believing
immediate revision of the tariff necessary.
This is illus¬
trated by the condition of our foreign trade.
Protection
When
views
are
a
merchant discusses
sure
has shut out
an
economic
to be
our
manufactures from
foreign markets by
Short crops this year
raising the cost of their production.
are making that more evident, showing us how depend¬
ent we are upon the productions of the soil for the means
of paying for our imports.
Dr. Playfair, deputy speaker
of the House of Commons,—in proving that our tariff did
April
THE
8,1882. J
CHRONICLE.
England’s trade,—described the situation very
forcibly when he said that the protective duties of America
remove from Great Britain the most formidable compet¬
itor; for, he adds, “ they protect England in all neutral
markets.” Hence we are left to-day with very little to
export. And next year if crops aro everywhere good, as
they now * promise to be, Europe will want our surplus
food products only at extremely low prices.
Up to this
time abundance here has been met witli dearth there, so
that our breadstuifs have found a ready customer at high
prices. As soon as these conditions change, we feel the
change and suffer. Is it not clearly unwise then to continue
a system which substantially restricts us to these few items
of export ? And yet by protecting and therefore increas¬
ing the price of everything that goes to make up the
cost of goods, we most assuredly limit the demand for our
manufactures almost wholly to home consumption.
This effect, as we have said, we do not notice so long as
we have raw products to sell at high prices.
Furthermore,
up to the present time our manufacturers have not felt any
inconvenience from it, for home consumption of goods has
so increased during our prosperity that it has taxed to the
utmost their capacity for production.
But we are fast
reaching another state in which our own wants will
391
not harm
be unable to absorb what
late
mills
can
turn off.
Machinery
increasing rapidly during these prosperous days,
stocks are for tlio first time just beginning to accumu¬
has been
and
our
in
CORNERS—II0 W TO PREVENT THEM.
The harm which
the
public suffers through corners,
plans which are being devised through a
legislative committee and by the mercantile community
for their prevention, lead us to return to the
sub¬
ject, although having discussed it so recently. When
and
the
such movements
were
confined to the stock market
they
comparatively little importance, the speculators
themselves being in most cases the
only victims. Now,
however, that they have become a constant possibility
and a frequent experience in
every mercantile mar¬
ket,—most frequent in those which concern the very
necessaries of life,—they are a severe tax on
every con¬
sumer and disturb all
legitimate trade. It is not won¬
derful, therefore, that means should be sought to guard
against their recurrence.
The only question is then whether
any coercive measure
that has been suggested would tend to cure the evil.
We
are aware that
many do not consider corners wrholly and
always an evil, since sometimes they inure to the benefit
of the producer who otherwise
might be forced to part
with his stock below cost of production.
So far as this
is true it complicates the attempt to
find a remedy. And
yet it may be said on the other hand that even in that
respect they are harmful, and in the end bring severer loss
to the producer, the
higher price stimulating him to
over-production until greater disaster comes than would
have been experienced if the market had been left undis¬
turbed, regulated alone by the natural laws of supply and
were
of
departments. We see a result of this
tendency at the-- moment to lower wages.
That is what it will have to come to, for protection, instead
of increasing wages, as is claimed by its
advocates, lowers demand. It is therefore more than questionable whether the
them until labor is low enough to
compensate for the producer—take any ten-year average—does not receive
higher protected materials, so as to permit the surplus greater harm than benefit through speculation, and more
goods to be sent into and to compete with other sellers in especially through these extreme, exaggerated movements.
foreign markets. Thus, under this system, the end is that
But in seeking for a remedy it should be remembered that
labor is taxed to pay these duties.
natural laws will always finally prevail.
We may, through
But the most serious
aspect is the condition to which the command of vast amounts of capital, be able to control
the country will be
brought by a decline in exports and by large stocks of any commodity, and so hold these laws in
an excessive
supply of home manufactures. It is scarcely abeyance for a time ; the public may be
temporarily
necessary to enlarge upon that idea, for we have so recently deceived as to production or
consumption, and thus con¬
passed through a similar experience. Idle machinery, tribute towards
advancing such a purpose ; but unless the
idle labor and low
wages, while the manufacturers wait relative supply and demand proves in the end to
justify
for the country - to
grow up to the capacity of their the speculator’s estimate, his effort will fail.
Even the
machinery for production and all the people wait for great corner in cotton last summer—so shrewdly
planned,
more short
crops in Europe to meet liabilities—that so strongly held—was not a
complete success; consump¬
is about the
story of our experience during the tion fell off under the higher price, while the
drought
period subsequent to 1873, and would substantially here, which shortened the final
yield, hastened the
represent our new experience at recuperation. Not
maturity and hence the marketing, so as to increase the
that we think we are on eve of
any such realization, but early supply beyond expectations.
And we all know the
only that the tendency is in the direction indicated, and sore heads and shrivelled
pocket-books which the provision
that some of the
signs of such a coming are apparent. and breadstuffs corners have frequently produced.
This much
however, we do believe—that the period is
Another thought we mu3t not lose sight of in
attempt¬
approaching rapidly when wTe shall be met with a surplus ing to prevent this practice, and that is, it is not the
specu¬
of goods which will either remain here and
depress our lators for a rise that are alone to blame. In fact they are
own
market, or which we shall have to export at a loss to usually only taking advantage of the
opportunity provided
save the
profit on our home trade.
by the “ short ” interest. The latter have tried to depress
But Mr. Hewitt is not a radical
free-trader; no practi¬ prices and have sold what they have not got, and so the
cal man is.
He takes the country as he finds it
to-day, <‘cornerer” makes them buy it in at his own figure.
after years of
protection, and recognizes that fact in the Certainly between these two there cannot be any reason
policy he proposes for meeting present necessities. Pro¬ for placing our affections
upon the operator who was
tection
during twenty years lias induced the concentration attempting to break the market. The cotton “twist” of
°f capital
in certain industries. In dealing with those last summer was
possible only by reason of this condition,
industries now, he indicates a plan
which, while recog- and of the further folly English spinners generally show
nizing the necessity for reform, provides for their con- of
running on beggarly stocks.
tinued existence. If manufacturers were wise
Do
not these facts prove that the
they would
only chance of a legisla¬
be the leaders in
such a movement.
Its advent is tive cure for this evil would be in
forbidding all speculative
inevitable and
postponement by the appointment. of a sales of “ futures” ? Is that practicable, or if
practicable
commission will only make it the more radical when it
would such a law be legal ?
have
Some
proposed to meet
comes.
J the
difficulty by having the Legislature declare every such
some
in the evident
.
.
THE CHRONICLE.
392
„
[Vol. XXX.IV.
void, but in that case we should shut- out all his downfall. They are more powerful than any restric¬
legitimate business of that description, which is a decided tive or prohibitory measures could be, and it ie on them
benefit to the producer and to the consumer. , A spinner that we must depend for ultimate relief rather than on
of cotton, for instance, could no longer take a large contract legislative enactments or other endeavors of the same
contract
goods and purchase the raw material deliverable at such kind.
dates as he needs it for spinning ; and the producer could
THE IRISH “ SUSPECTS. "
not sell his crop until he was ready to deliver it, whereas
The Irish people in this country had good reason to be
he can now take advantage of a favorable market and
•deliver the cotton as picked.
Besides, after all this was satisfied with the demonstration made at the Cooper Insti¬
done, would we have made it impossible to corner a market, tute on Monday evening. It was a demonstration of
for how could any law prevent a man from buying all the strength; and it revealed a widespread sympathy on the
wheat, or corn, or cotton, or anything else, his capital will part of certain different sections and classes of American
citizens.
With much that was said on the occasion, of
command and holding it just as long as he pleases ?
Furthermore, to forbid future sales would be to enjoin a course we do not agree; and we are willing to believe
that some of the more reflecting among our Irish fellowman from trading upon his judgment, his knowledge and
his experience.
If, early in a crop year, a man is led to citizens are of the opinion that many things which were
for
from information which he has gathered, or from
an acquaintance
with the conditions and needs of the
growing crop which some one else does not possess, that
the ruling quotation is either above or below what it
should be, clearly he has the right to act upon such belief.
If he believes that present prices are too high, and the
conditions will force lower figures later on, it is equally his
right to assume the risk of contracting to sell now and to
deliver at some future date, trusting to his ability to buy
in cheaper when delivery time arrives. Such transactions,
based as they frequently are upon superior knowledge and
a diligent study of the situation, are beneficial to actual
buyers and sellers, being in fact only another influence
towards establishing a range of values more nearly in
suppose,
accord with the
.existing conditions.
long as sales of this kind are made,
attempts to take advantage of the necessities of the sellers
will abound.
Such attempts, however, as we have already
stated, as often result disastrously to those engaged in
And yet,
them
we
as
so
to those on the other side.
said
on
a
And is it not here, as
former occasion, that we must
seek the
said had better been left unsaid.
It is
more
than doubt¬
ful, however, whether the speeches made will have the
effect of convincing any considerable number of the
American people that the British Government has done,
or that it means to do, them any wrong.
i
That in certain circumstances such demonstrations
are
right and proper and even necessary, there is no room for
dispute. When a wrong has been done, and when the
Government is inactive or neglectful of its duty, and when
the public mind needs to be aroused, the public meeting
becomes a powerful instrument for good; and it is as con¬
venient as it is powerful.
If it be true that American
citizens are pining in British prisons, and denied the
justice of a fair and open trial, there can be no doubt that
wrong has been done and that the emergency above
On such a supposition the Cooper
described has arisen.
Union demonstration was abundantly justifiable. We
cannot be too jealous of our citizens’ rights.
We cannot be
But the question is just
too watchful of the national honor.
here—Has wrong been done us ? Is it true that American
citizens have been arrested on suspicion, detained in prison
remedy for the evil ? Restrictive measures can, we think, and denied trial ? The latest revelations show that the
accomplish little or nothing; but much may be expected grievance complained of is more imaginary than real, and
from the action of natural forces.
Those once foiled in the public demonstration has had at least one good effect—
the endeavor to manipulate an artificial rise, and saddled that of throwing clearer light on the general situation.
It now appears that the Government of the United
with an enormous loss in consequence, are less likely
to repeat the operation, and natural forces are all the States has been at once vigilant and active in the matter.
time intervening to bring about just such a result. Corners In March, 1881, the Coercion act came into force in
On the second of June, as soon as the terms of
in the necessaries of life have been unusually abundant Ireland.
•and more than ordinarily successful the present .season, the act were known at Washington, instructions were
since they had the extraordinary shortage of the crops sent by the then Secretary of State to Minister Lowell.
as one of their bases, and yet, as before stated, they These instructions—though unfortunate in some respects—
have not invariably been successful; witness the heavy were, on the point we are discussing, such as might
failures in Chicago a few weeks ago, solely to be attributed have been anticipated in the circumstances. American
to the working of natural agencies.
For while we were citizens were not to expect that their Government would
busy holding on to our wheat, Europe obtained its sup¬ shield them from the legal consequence of their acts if they
plies elsewhere. The same tendency was also illustrated offended against British laws. But accused persons were
in the circumstance that the high prices prevailing here to be informed of the specific crime or offence upon which
induced Canada to send us in one month (October) no less they were held, and assured of a speedy trial before an
than 83 thousand bushels of wheat, which, though small, impartial court and jury.
The.real difficulty, so far as
was more than our entire imports of wheat from that
any difficulty exists, consists in the fact that certain of the
country for the fiscal year 1880. Another illustration we imprisoned suspects, of Irish birth but claiming Ameri¬
have in the buying by New Orleans of wheat from Cali¬ can naturalization, have as yet been denied a trial. It is
fornia instead of from the West, the former not controlled a difficulty, however, which the American Government is
by speculators being cheaper than the latter, even though bound to respect, and it is but just to say that the British
it has to be carried a longer distance.
There are reports, Government has acted from the first' fairly and above
too, that St. Louis millers are using California wheat to board. There has been firmness ; but there has been no
some extent in making flour, because other kinds are so high.
concealment, no mystery. And so far has the affair been
Such influences, it is almost needless to say, are con¬ got over that only three so-called American citizens are
stantly at work, and though they may not always be now in prison.
What is the condition which stands in the way of the
wholly effective in frustrating the designs of the manipu¬
lator, they are at least powerful forces arrayed against harmonious action of the two Governments ? It is pre¬
him which nine times out of ten^succeed injaccomplishing cisely this—thejdoubt which exists as to the nationality
April
THE
8, 1882.]
CHRONICLE.
393
We say an ap parent unanimity, for it is doubtful whether
offender against the laws. In most of the cases it
this unanimity actually exists.. The politicians are with¬
has been found that the Trish-American takes advantage,
nationality. He is a out doubt unanimous—unanimous for political effect;
as the occasion suits, of his double
British subject and an American subject by turns—the but those who are in a position to know assert that a large
The case of proportion of the people of those States are not at all
one or the other as the situation calls for it.
O’Connor is a case in point. He was naturalized in Balti¬ averse to Chinese immigration, looking upon it either with
more in 1S75.
How long he remained in this country is indifference or else regarding it as a powerful factor in
not stated.
It is evident, however, that his sojourn here developing the resources of the Pacific territory. How¬
was brief ; and
there is good reason to believe that his ever, the President was not allowed to entertain any such
main object in visiting the country was to clothe himself opinion and was*given to understand that the people of
with the protecting garb of American naturalization. the Pacific States demanded as with one voice that the
But the
This man was.one of the treasurers of the Land League ; Chinese should no longer be allowed to come.
and his avowed desire is to get up a war between Eng¬ President never lost sight of the fundamental considera¬
land and the United States.
It would be the “ best tion that the United States could not, without reproach,
thing,” he repeatedly said to Mr. Lowell. Mahoney’s enact a law so directly in conflict with treaty obligations
is a similar case.
only recently affirmed.
This is a difficulty which, as we have said, we must
Why so much ado should be made about Chinese im¬
sympathize with. It is notorious that Fenianism, migration appears a little singular until we make an ex¬
Land-Leagueism, and all the other “ isms ” which amination of the subject. It is not that there is any fear
keep alive the feeling of discontent in Ireland, are that the Chinaman will supplant us. The superiority of
fostered and encouraged on this side of the Atlantic. the Caucasian race has been so thoroughly demonstrated
Towards Irish-Americans as a rule the British Govern¬ during the last 1800 years that no one would question it.
ment has little cause to cherish kindly feelings; and when Imagine the white race, and especially the Anglo-Saxon
men of this class visit Ireland, openly foment sedition,
part of it, uneasy about Mongolian contention ! Further,
and so get between the paws of the British lion, they the Chinese come in such small numbers.
During the
must not expect mercy.
And when they openly avow it fiscal year ended June 30, 1881, only 11,890 arrived here,
to be their purpose to embroil us in war with our best and there are not 125,000 all told in the country.
Then
friend and customer, our duty seems plain enough.
How what is the cause of the trouble ?
The difficulty is that they are all congregated in one
would we act if men claiming to be British subjects, made it
their special business, while enjoying the protection of our spot.
According to the census there were only 105,448
Chinamen
in the
United States in 1880, but of
laws, to organize societies and to propagate doctrines subver¬
of the
sive of
our
to seek.
cherished institutions ?
The
answer
We should not tolerate them.
is not far
No—not for
a
this
amount
State
of
more
than
California
75
alone.
in the
As is well known, with
thousand
were
Why should we expect the British Government the Chinaman domestic economy is a science. He
does not live on rats, but he can subsist on a very
and people to act differently ?
The American people love fair play ; and they will simple and very scant diet.
The denseness of the popu¬
see to it that no injustice is done anywhere to
any man lation, and the transcendant importance in China of the
who lawfully bears the American name ; but their good food problem, are conditions which have been in opera¬
tion for centuries, making it absolutely necessary to!
sense will prevent them from allowing themselves to be
the dupes of Irish agitators, or from flinging the mantle guard against even the semblance of waste, with the
of their protection over cut-throats and incendiaries.
effect of reducing the Chinaman’s demands for the neces¬
saries of life to a minimum.
Not only that, but the pay
moment.
with the pay
of the same laborer in this country.
Thus the China¬
man can subsist on less, and may with
profit to himself
of
THE
The veto
VETO OF
of the
THE CHINESE BILL.
Chinese
for the President the
Immigration bill will
commendation
secure
of all conservative
people. The main- objection to the bill was not that it
proposed to suspend Chinese immigration into this coun¬
try for the time being, but that it proposed to suspend it
for the period of twenty years—nearly a generation, as
President Arthur says.
It was pointed out while the
bill was under discussion that this was plainly a violation
of the provisions of the
Burlingame treaty, as amended
about a year ago by diplomatic negotiations with the
Chinese Government, but this had little effect upon the
promoters of the bill, who seemed to be bent on securing
its passage at all hazards.
The disapproval of the bill is especially creditable to
the President, because of the immense pressure brought
to bear
upon him to pursue a contrary course.
The
President was told that a veto would weaken the party in
power, that the Pacific States would be irretrievably lost
to it, and that his Administration would suffer a blow
from which it would
made all the
never recover.
The situation
was
perplexing that the grievance which
sought to redress is to some extent real, and there
seemed to be an apparent unanimity of sentiment against
further Chinese immigration in the sections where China*
*nen are
chiefly lodged at present.
the
act
more
a
laborer in China will not at all compare
work for smaller wages.
The introduction of
such
an
element in any society
But the Chinaman is not an
by any means. This country is capable of almost
unlimited growth and development.
There is as yet room
would
produce disturbance.
evil
here for the Chinaman
and everyone else that wants to
Only time is needed for the conditions to properly
adjust themselves to the change. It does not at all follow
that the American laborer must accept lower wages in
consequence.
Because he cannot work for as little, he
come.
himself for a higher grade of
work, for which he is better fitted by reason of his quicker
intelligence and more active mental organization.
But it might be wise to so regulate the coming of the
Chinese as to provide for a slow and constant change in
this respect, instead of a radical and violent one.
This
the treaty permits.
At present the number of Chinamen
in California is too great as compared with the rest of the
population. Some of them must go to other parts ot the
country, where they are more needed, and where they will
work less interference with the laboring classes.
If there
should be a suspension of Chinese immigration for five
years, this would be clearly in consonance with treaty
provisions, and would probably result * so scattering
will be forced to prepare
THE CHRONICLE.
394
[VOL. XXXIV.
of last year;
the interior stocks have also been
longer be troublesome to any one part of it. After that, largely drawn upon, being now about 61,000 bales less
We give below our usual
the immigration could be so limited as our powers to than at the same time in 1881.
absorb it would warrant.
We would thus assure protec¬ table of receipts, exports, &c.
those
now
here
over
the entire country that they
would
excess
no
population and guard'against depriving
furthering our industrial
growth. We think this is the best way of solving the
problem. Such a solution, too, would meet the views of
the President, as expressed in his veto message.
tion to
our
ourselves of
own
an
Movement
Exported since Sept. 1, 1831, to—
from Sept.i, Receipts
since Sept.
Great
1881, to
France.
Apr. 1,'82. 1, 1881. Britain.*
element useful in
Galveston
N. Orleans.
Mobile
Florida
Savannah
1,118,482
245,135
26.891
690,129
....
.
COTTON
CONSUMPTION
Charleston
Pt.Ro'y.,&c
Wiimiugt’n
MOVEMENT TO APRIL 1.
We
overland movement this week to
This makes the statement now cover
bring down
April.
our
the first of
the first
seven
months of the
OVERLAND
APRIL
1, 18S2.
figures that the actual
differs very little
from the movement last March; the difference being 3,348
bales in favor of last year.
For the entire seven months
of this season the gross movement is 917,085 bales, against
838,692 bales in 1880—S1, or a difference in favor of the
present season of 78,393 bales. The net movement for the
month of March shows an increase over last year, the
total being 41,118 bales, against 37,042 Dales last season,
or an increase of 4,076 bales;
but for the seven months
movement
the
is 57,616 bales less than for the corre¬
sponding period in 1330—S1. The details for the seven
months, this year and last year, are as follows.
by the
gross
movement overland in March this year
1881-82.
300,010
5,082
123,552
92,305
14,827
81,039
15,599
Over Cairo & Vincennes
Over the Mississippi River, above St. Louis
Over Evansville & Terre Haute
Over Jeffersonville Madison & Indianapolis
Over Ohio <fc Mississippi Branch
Over Louisville Cincinnati &
Lexington
Receipts at Cincinnati by Ohio River
Receipts at Cincinnati by Cincinnati Southern....
Over other routes
-
;
Shipped to mills, not included above
Total gross
overland
-
94,185
50,173
115,698
12,G02
12,613
917,085
507,732 191,212
23,507
6,313
3,900
124,251 15,430
19*1*, 5*39
8*90*, 48*3
255,029
3,231
1880-81.
294,553
36,800
82,681
133,107
24,317
54)862
li6,22*6
272,709
13,485
37,310
20,472
*1,430
4,208
8,8 L9
564.514
177,369
264,585
2,580
15,840
283,00
>
47,077
New York.
Boston
Baltimore
142.731
185,608
20,342
53,132
355,921
4
109.485
326,48*8
34,444
88,635
Phila., &e..
60,012
232,447
109,481
54,191
42,496
200
42,696
11,215
34,900
23,661
Total
4,290,6 10 1,764,199 271,556
650,103 2,685,858
861,379
Total* ■3 0-31
5,075,11 o 2.161,7 17 430,331
8 24.567
804,199
14,096
Great Britain exports
-
3,417,188
include to tlie Channel.
Using the facts disclosed by the foregoing statements,
shall find that the portion of the crop which has reached
a
market through the outports and overland, and the
Southern consumption, since September 1 this year and last
year, is as follows.
1881-82.
terier towns
4,290,610
394,473
5.075,110
452,089
Total receipts
Southern consumption
i
bales.
since September 1
4,685,113
190,000
5,527,199
155,000
bales.
4,875,113
5,682,199
....
Total to
April 1
the first
seven
into
838,692
we
months of 1881-82 is thus seen to be
To determine the portion which has gone
of
Northern spinners
during the
April 1, 1382, as above
hand commencement of year (Sept. 1, 1331)
At Northern ports
91,911
Stock
318,237
5,416
10,533
Galveston
11,074
790
New Orleans
14,819
660
Mobile
Savannah
76,416
43,026
same
have prepared the following.
Total receipts to
64,907
24,223
11,552
the hands
period,
during
crop
on
bales.
4,875,113
—
At Southern ports
117,322—212,233
At Providence, &c., Northern interior markets
5,310—
..
..
Total
supply to April 1, 1832....
213,043
5,093,156
Of this supply there has been exported
to
Less
foreign ports since Sept. 1, 1381..2,635.853
3,070—2,632,738
foreign cotton included:
Sent to Canada direct from West
23,198
5,305
Stock
on
hand end of month
At Northern ports
At Southern ports
(April 1, 1832)—
396,29 4
465,035
Shipments inland (not otherwise deducted) from—
861,379
At
Providence, &c., Northern interior markets..
Charleston
Taken
4,127
4,569
Virginia ports
8,261
8,788
Total to he deducted
522,61-.
386,603
Leaving total net overland*
394,473
452,089
takings by spinners since September 1,1881
by Southern spinners
1
1,500,751
190,000
by Northern spinners since September 1, 1881
spinners same time in 1880-81
1,310,751
This total includes shipments to Canada by rail, which since Sept.
1, 1881, amount to 28,198 bales.
RECEIPTS, EXPORTS AND SPINNERS' TAKINGS.
during the month of March,
as our
1,410,028
Taken by Northern
Decrease in
*
14,735—3,592,405
Total
Taken
North Carolina ports
The port movement
1880-91.
Receipts at the ports to April 1
bales.
shipments overland during same time
Net
Burnt North and South
402,497
*5) 6*6*0
63,833
we
32,712
31,679
31,534
67,627
Deduct—
Receipts overland at New York, Boston, &c
Shipments between (or South from) Western in-
24,891
164,141
3,900
303,822
136,011
9,277
53,584
-
33,051
The decrease in the amount of cotton marketed
September 1, shipped—
Over Illinois Central
40,256
Norfolk....
807,086 bales.
From St. Louis
224,833
25,869
*
OVERLAND FROM SEPTEMBER 1 TO APRIL 1.
Since
131,715
.
TO
58,319
M’reh.O,&e
City Pt.,&c
season.
MOVEMENT
It will be noticed
471,862
22,834
SLoelts
Apr. 1.
Total.
13,777
6,964
Br’n8\v.,&c
OVERLAND
AND
152,737
392,929
13,450
.
Iud’u’hL&c
Conti¬
nent.
takings by Northern spinners this year, .hales.
99,277
The above indicates that Northern
spinners had up to
April 1 taken 1,310,751 bales, a decrease from the cor¬
responding period of 1880-81 of 99,277 bales. Our last
year’s figures for consumptiou are revised in accordance
with the revision of
some
of
our
returns for
that year,
weekly statements have indicated, has been much less made, and referred to more fully, last winter.
than for the same month of 1881.
AMOUNT OP CROP NOW IN SIGHT.
The falling off up to
the close of February was, as shown in our last
In the foregoing we have the number of bales which
report,
'564,987 bales; the receipts for the month this year were has already been marketed this year and last year. An
257,099 bales, against 476,582 bales last year, or a decrease additional fact of interest is the total of the crop which
of 219,483 bales, making the total for the seven months was in
sight on April 1 compared with a year ago.
784,470 bales less than the same seven months of last season. We reach that point by adding to the above the stocks
The decrease in foreign exports has been during the month
remaining at that date at the interior towns, less stock
79,748 bales, and for, the seven months reaches 731,330 held by them at the beginning of the season. In this
bales. The stocks at the outports have been
considerably manner we find the result for the two years on April 1
reduced since March 1, being now
only 57,180 bales in to be as follows.
'
APB a
THE CHRONICLE.
8,1883.]
1
"
1881-82.
Total
4,875,113
5,682,199
187,757
251,000
bales
5,062,870
5,933,199
Total in sight
that the decreased movement up to this
of the present year is 870,329 bales.
This indicates
date
OF
WEIGHT
To
furnish
BALES.
exact measure of the receipts up to
a more
April 1, we give below our usual table of the weight
of bales. "We give for comparison the figures for the
Weight in
Average
Average
Bales.
Pounds.
Weight.
Weight.
Alabama
245,135
OAnrana*
723,984
South Carolina...
494,696
741,883
157,584
986,970
205,465,222
520,183,608
121,096,690
341,452,574
228,960,150
349,263,679
‘73,869,076
470,488,599
4,875,113
2,310,779,598
1,118,482
Virginia
North Carolina...
Tennessee, &c....
Total
—
513*4
505*60
465*08
481*50
494*00
51000
471*63
480*33
462*83
479*00
470*78
472*85
468*76
476*70
473*99
488*04
July 17,’61
Mar. 3,’63
July 14,’70
July 14,’70
July 14/70
If
June 30, ’81 J.&J.
June30, ’81 J.&J.
May
Sept.
There
47,855,700
401,503,900
183,154,750
554,007,800
July 1,1907 Q.-J.
14,000,000
$1,514,752,700
Aggregate of interest-bearing debt
Continued at 3% per cent.
the
foregoing issues
there is a total of $1,313,299 interest
The total current accrued interest to
over-due and not yet called for.
date is $11,739,717.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
There is a total of over-duo debt yet outstanding, which lias never
been presented for payment, of $12,665,665 principal and $612,275
interest. Of this interest. $448,506 is on the principal of called bonds,
which principal is as follows: 5-20s of 1862, $370,500; do 1864,
$58,650; do 1865, $71,050; consols of 1865, $390,100; do 1867,
$1,035,250; do 1868, $294,850; 10-40s of 1864, $439,900; funded loan
of 1881, $1,883,750; 3’a certs., $5,000; 6s of 1661, continued at 3% per
cent, $6/238/200.
DEBT BEARING NO INTEREST.
47600
Old demand notes....
500*00
Legal-tender notes
Certificates of deposit
July 17, ’61; Feb. 12, ’62
Feb. 25,'’62; July 11, 62; Mar. 3/63
to April 1
bale, against 488*04 lbs.
per
Amount.
Less amt. est’d lost
^
or
68,355,370
July 17, ’62; Mar. 3, ?
’63; June 30, ’64 5
ilestr’yed, act J’e 21/79
<ei ~
aa(\ qqo
$1^440,83-
8,375,934
GOODS
TRADE
IN
MARCH.
dredths.
Aggregate of debt bearing no interest
Unclaimed Pacific Rai lroad interest
$438,468,039
6,536
RECAPITULATION.
Amount
Interest-bearino debt—
Bonds at 6 per cent, continued at 3%..
Bonds at, 5 per cent, continued at 3%..
Bonds at 4*2 per cent
Bonds at 4 per cent
Refunding certificates
Navy pension fund
1882.
1881.
401,503.900
250,000.000'
738,805,450
542,350
14,000,000
11°16
H°16
H%6
11%
11%
8.
9.
U%6
10.
11.
u%
u%
12.
13.
u%
n%
Lliiie
16.
1134
11%
11 %
18.
19.
20.
21.
22.
23.
11%
11%
11%
11%
11%
11%
25..
26.
1 1
%
11%
29.
111J16
30..
11
31.
life
8%
834
8%
8%
3-71
3*69
3 69
3*67
3*67
3*67
8%
8%
8%
8%
3*67
369
3*69
3 71
3-75
3*77
3*77
3*77
3*77
3*77
3-77
3*77
3*77
3-77
3-77
3-77
3*77
fnrnri~+v" ~ V*iV00
whiVh111"
wen are
8%
81*
8*4
8%
8%
8*4
8%
8%
8%
8%
8%
8%
8%
8%
8%
8*4
8%
8%
8%
11
8%
8%
8%
8%
8%
4%6
4*16
101&16
Total debt bearing no interest...
Unclaimed Pacific Railroad interest
Total
$438,468,039
6,536
$1,965,886,354
-
Total debt, principal and interest, to
Total cash in Treasury
4
4
4
10%
10i%8
101316
S...
..
ibilie
10%
4
4
10%
4
10%6
3%
3%
3%
10%
10%
..
10
10
10%6
3%
..
8%
8%
8%
8%
8%
S...
3%
3%
3%
3%
3%
10%6
10%6
io%6
8%*
S...
io%6
3%
10%fi
10%6
3%
8%
8%
8%
8%
8%
8%
’
8%" ’
'8*2
8%
4
8%
31%,: 8%
3l£>ie 8%
3l%fi
10
10
10
..
S...
9i5ic
3%
3V
9loie
3%
3‘%G
91%,
9loie
cuiuoii, mw
"eV
8%
3%
8%
9%
9%
51% e
9%
12%
12%
534
5%
12%
513i6
9%
9%
9%
51316
P2%
12%
12%
12%
12%
12%
....
51yl6
5%
5%
5%
5%
••
..
date
..
253,291,761
$1,726,266,422
1,742,729,36£
534
5%
12%
5%
12 34
12%
12 34
5%
5%
..
au
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
1234
5%
12%
12%
5%
5%
9%
9%
9%
average discount of 5 per cent.
THE DEBT STATEMENT FOB
MARCH, 1882.
is the official statement of the public debt as it
fvp ars from the books and Treasurer’s returns at the close of
Business on the last
day of March, 1882:
$1,313,299
12,665,615
612,275
73,522,290
11,140,006
of deposit.
154,038,281
...
$253,291,761
Total
Available Assets—
Cash in the Treasury..
$253,291,761
BONDS ISSUED TO THE PACIFIC RAILWAY COMPANIES.
INTEREST payable by the united states.
haractcr of
Amount
Issue.
Interest
paid
outstanding.
by TJ. S.
$25,885,120
$21,122,894
6,303,000
27,236,512
1,600,000
1,970,560
1,628,320
5,562,063
22,506,564
1,405,808
1,490.898
1,317,748
Interest
repaid by
transporlal’n
Balance of
interest paid
by TJ. S.
Central Pacific
Kansas Pacific
Union Pacific....
Central Br. U. P..
Western Pacific..
Sioux City & Pac.
..
..
Total
$64,623,512
The Pacific Railroad bonds
$53,405,977
are
$3,718,135 $16,756,487
2,694.794
8,266,077
109,070
9,367
‘
90,033
2,867,269
14,240,487
1,289,811
1,481,531
1,227,715
$14,887,476 $37,863,301
all issued under the acts of July 1,
1862, and July 2,1864; they are registered bonds in the denominations
$1,000, $5,000 and $10,000; bear 6 per cent interest in currency,
of
payable January 1 and July 1, and mature 30 years from their date.
8...
uiiuuiuig upland at New York
•JJJ® blowing
Interest due and unpaid
Debt on which interest has ceased
Interest thereon
Gold and silver certificates
U. S. notes held for redemption of certificates
Cash balance available April 1,1882...
9%
9%
9%
9%
9%
9%
manufacturers’ prices; for sheetings, agents’ prices
subject to
16,462,946
$114,332,389
Decrease of debt since June 30,1881
Current Liabilities—
8...
5%
121316
12i%6
$13,671,829
$1,979,558,184
S...
5%
5%
5%
5%
5%
5%
12i3lfi!
I2i%c
121%e
1-1%6
121316
1213i6
612,275-
Decrease of debt during the past month
5%
5%
12ifie
12l%6
I2liie
$13,053,017
Total interest-bearing debt
j$l,514,752,700
Debt on which ini.has ceas’d since mat’rity
12,665,615
Debt bearing no interest—
Old demand and legal-tender notes
346,740,851
Certificates of deposit
11,140,000
Gold and silver certificates
73,522,290
Fractional currency
7,064,898
1880.
Cott’n Print- Sheet¬ Cott’n Print- Sheet- Cott’n Print- Sheetlow
ina
ings, low
inq ings,
inq inqs, low
mid¬ cloths, stand¬ mid- cloths, stand- mid- cloths, standdling. 64x64 ard. dling. 64x64 ard. dling. 64x64 ard.
3*73
3*71
3*71
3*71
Interest.
$109,901,000
Debt, less cash in Treasury, April 1,1882..
Debt, less cash in Treasury, March 1, 1882.
11*4
7,064,898
Outstanding.
steady though moderate movement in plain
and colored cottons during the month, with most relative
activity in brown sheetings and drills, some large sales of
which were made to exporters and the home trade.
Prices of bleached goods were less steady, and some lead¬
ing makes were reduced about ^c. per yard. Atlantic
sheetings were also marked down |c., but the lighter weights
were subsequently advanced
^c. Print cloths were in
moderate demand, and closed firm at a fraction above the
opening quotations.
In the following table the prices of
print cloths for March, 1882, are given in cents and hun¬
s-
$59,835346,681,016
11,140,000
5,166,920
June 8, ’72
March 3, ’63
Gold carti 11 cates
bale for the
was a
March.
66,845,250
184,797,650
$1/248,567,450 $251,642,900
$542,350
3s,uavyp.fd July 23/68
Fractional currency
COTTON
Coupon.
$62,045,300
1, ’81 Q.-F.
1, ’91 Q.-M
months of 1880-81.
THE
Registered.
Authorizing Act.
shows a' decrease in the average weight as compared with
the same time last year, the average this year being
1.
2.
3.
4.
5.
6.
7.
Payable.
Silver certificates.... February 28, ’78
It will be noticed that the movement up
per
ising Act.
Outstanding.
Character of Issue.
Including Florida.
473*99 lbs.
of Issue.
4a, ref ctfa. Feb. 26/79
Period in
Ending April 1, 1882.
Number of
406,379
Louisiana
When
On
1880-81.
Texas
A uthor-
6s of 1881*.
6s of 1881*.
5s of 1881*.
4*28 of 1891
4a of 1907..
time last season.
Same
same
Amount
Character
*
Seven Months
*
INTEREST-BEARING DEBT.
1880-81.
marketed, as above........bales.
in excess of Sept. 1
Interior stocks
same
395
UNITED STATES TREASURY STATEMENT.
the office of the Treasurer, for
April, was issued this week.
It is based upon the aetual
returns from Assistant Treasurers, depositaries and superintend¬
ents of mints and assay offices :
The following statement, from
liabilities, ateil 1, 1882.
Post-office Department account
Disbursing officers balances
Fund for redemption of notes of national banks “failed,”
“in
liquidation,” and “reducing circulation”
$5,266,298 03
24,207,044 28
.
29,103,929 60
THE
396
$567,278 96
15,023,608 00
404,029 00
Undistributed assets of failed national banks
Five per cent fund for redemption of nat’l bank notes.
Funafor redemption of national bank gold notes
6,082 04
Currency aud minor-coin redemption account
Fractional silver-coin redemption account
Interest account, Pacific Railroads and L.& P. Canal Co
Treasurer U.8., agent for paying interest on D. 0. bonds
Treasurer’s transfer checks aud drafts outstanding
Treasurer’s general account-
256-4
40
00
00
48
57,451
4,840
75,492
4,504,47 8
$8,713.314 17
interest due and unpaid
Matured bonds and interest
Called bonds aud interest
Old debt.
Gold certificates
Silver certificates
Certificates of deposit
1,257,139 50
11,235,707 18
785.043 73
5,160,920 00
68,3 65,370 00
11,140,000 00
147.334,183 91
Balance, including bullion fund
Total Treasurer’s general account
Less unavailable funds
$253,987,678 49
695,916 77-$253,291,761 72
$332,512,293 51
ASSETS, APRIL 1,
1S82.
$95,238,892 37
71,218,46156
Gold coin
Gold bullion...
Standard silver dollars
Fractional silver coin
Silver bullion
Gold certificates
Silver certificates
United States notes
National bank notes
National bank gold notes
Fractional currency
78,17s,5*3 00
27,187,680 67
4,440,661 97
8,931,930 00
28,371,415 21
4,503,687 36
:
Deposits held by national bank depositaries
12,390 00
22,060 67
12,026,314 86
412,268 07
Minor coin.
New York and San Francisco exchange
One and two-year notes, &c
Redeemed certificates of deposit, June 8, 1872
Quarterly interest checks and coin coupons paid
United States bonds and interest
Interest oil District of Columbia bonds
Speaker’s certificates
CHRONICLE.
1,490,000
550
215,000
85,181
00
00
00
72
1,779 05
175,044 00
390 00
Pacific Railroad interest paid
5332,512,293 51
||Xmictariil(Coninm*ctal JingUsIiiXeuis
KATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—Har. 25. j
On-
Amsterdam
Ainsieivaiii
Time.
.
Short.
3 uios.
12*212
a,
12T>
a>\ 2*5 %
12-3
Copenhagen.
St.Petertb’g.
23^5,2358
Berlin
Frankfort...
Paris...
Paris....
Vienna
Madrid
Cadiz
Short.
3 mos.
25 25
5>2535
® 25-52 %
12*1712® 12*20
4638©4618
.
Bombay
60
Calcutta
Hong Kong,.
Shanghai....
d’ys
[From
5)26-30
Is. 8d.
IS. 8d.
Latest
Date.
|Mar.
Time.
Rate.
'
25
Short.
1210
Mar.* *25
Short.
253013
Mar. 25
Mar. 25
Mar. 25
••
20-47
a
20-47
20-47
a
Mar. 25 Short
Mar. 25 3 mos.
Mar. 25 Short.
25-26
25-29
1205
It
Mar. 25 Short.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
22 3 mos.
25 Short.
25 4 mos*<
25
H
25
U
25
25-80
was
has
■u-
Open-market rates—
30 and 60 days’ bills
6 months’ bank bills
Joint-stock banks
Discount bouses at call
with notice
Do
2is®2^
2i3@25o
:
Per cent.
2
-
2
■
2^
showing the present position of the
Bank of England, the Bank rate of discount, the price of consols,
the average quotation for English wheat, the price of middling
upland cotton, and of No. 40 mule twist, fair 2d quality, and the
Bankers’ Clearing House return, compared with the three pre¬
Annexed is
a
statement
vious years :
1882.
1881.
1380.
£
£.
£
£
24,598.415
Public deposits
0,1*4,363
23,697,209
Other deposits
Governm’t securities. 13,296,309
23.049,020
Other securities
25,231,195
1 l,*67,195
26,740.5 15
28,830,790
11,24 V, 69 4
25.99*.8.9
10,68 5,449
21,840,-79
10,971.892
2*,349,147
15,112,831
17,883,185
23,960,946
28,119,380 29,001,840
31,096,845
Res’ve of notes & coin
Coin and bullion in
both departments..
Proportion of reserve
to
Eng. wheat, av. price
3 p. c.
101 *4d.
44s 7<1.
Mid. Upland cotton..
No. 40 mule twist
6%d.
10^d.
Consols.
24.8*3,458
15,862,908
2i.lML.8'>2
1879
The
.
15,449,031
22,377,688
17,261,295* 20,216,055
45-68
liabilities
3 p. c.
looqd.
43s. 7d.
0i81.
lod.
3 p. c.
98 is
46s. Id.
2*2 p. c.
97*8
40s. 8d.
5
Is. 0%d.
558(1.
8^d.
75,428,000
following are the current rates of discount at the principal
97%
-Is.
Is. 83g l.
3s. 9*4d.
5s. 2qd.
Percent
4 & 6 months’ trade bills.
deposits, che quotations being as follows
Bank
Open
rate.
Pr. ct.
market.
Pr. ct.
Berlin
Frankfort
Amsterdam....
correspondent.!
Bank
rate.
Pr. ct.
3%
3q
Madrid
4
3
5
314
314
4%
Vienna
St. Petersburg
Geneva
Genoa
4%
4
Copenhagen...
Hamburg
our own
Open marketTates—
4 months’ bank bills
In consequence of the reduction in the Bank rate, the banks
and discount houses are allowing a lower rate of interest for
...
..
.
..
..
..
..
'
.
4
6
6
5
4
Open
market.
Pr. ct
5
3q
6
6%
5
4
Continental
account, and the quotation for fine bars has risen to 52d. per
ounce.
Mexican dollars are quoted at 50%d. per ounce. India
Council bills have been disposed of at Is. 8 1-16d. the rupee,
showing a slight improvement.
Tenders will be received on the 3d.of April for £1,425,000 in
Treasury bills of the usual amounts.
The weather has very much altered, and during the week
there has been some appearance of winter. Snow has fallen in
most parts of the country, but there is no reason for apprehend¬
ing that any injury has been done. Vegetation was not in a
sufficiently advanced state to be materially affected, but at this
early period of the season the check has been opportune, as
There has been
frost and
snow
an
later
increased demand for silver on
on
would have had serious
result#. The
importations of wheat have again been liberal, but notwith¬
standing the diminishing visible supply in the United States, the
trade here is still devoid of animation, and prices show no
material recovery. The better qualities of wheat have, how¬
ever, realized somewhat higher quotations.
The accounts
received from South Australia respecting the last wheat crop
harvested at the close of last year, are by no means satisfac¬
tory, and it is said that some distress prevails amongst the
agricultural classes.,
Messrs. Baring Brothers & Co. announce that they are
authorized to receive subscriptions for £2,049,209 Buenos Ayres
Government six per cent bonds, at the price of .92 per cent, being
part of an authorized issue oi; £4,098,300. The object of tk®
loan is to consolidate the debt of the Government to the ban
of the province, and of placing the interest and sinking fanao
consequently been about a half per cent weekly. The
upward movement was equally rapid; but the 6 per cent rate,
aided by a firm outside market, had a very speedy and decided
effact, especially in the region of speculation. As far as trade its debt
2%
213®258
3 months’ bills
4 86
about six weeks ago that the Bank rate of discount
advanced to 6 per cent, and the decline from 6 to 3 per cent
was
3
Clearing-House ret’n. 136,592.000 123,732,000 100,935,000
trade.
V;-!
Percent.
Bank rate
Bank rate
London, Saturday, March 25, 1882.
market has exhibited an increased ease this week,
and not only has the Bank of England rate of discount been re¬
duced to 3 per cent, but the open market quotations have also
given way considerably, the rate fur the best tli-ee months’
bills being only 2>i per cent. The Bank of France has likewise
lowered its rate to 3/2 per cent, and it is fully expected that the
other principal banks on the Continent will follow the downward
movement.
This rapid increase of ease in the money market,
with a prospect of its continuance for some time to come, has
naturally had an adverse effect upo nthe exchanges, and we
shall now have to depend for gold supplies of any importance
upon our Australian colonies.
For all existing wants, however,
the present supply held by the Bank of England is fully ade¬
quate. There is no probability of any immediate demand upon a
large scale arising, and the financial position may be regarded as
very satisfactory. The rapid advance, and equally rapid fall,
in the value of money have undoubtedly checked business ; but,
as far as money is concerned, there is now every inducement to
extend our commerce. There are, however, reasons to which
reference was made last week why business is not likely to be
animated until the autumn trade sets in; but there are at the
same time inducements for
carrying on a sound and legitimate
The money
Exchanges of the world the influence of a dear and uncertain
money market has been very distinct. Even with the improved
prospects which are now apparent—that is to say, with a cheap,
and we may add, more trustworthy money market, with a fav¬
orable agricultural prospect, and with but few political difficul¬
ties in existence—business on the Stock Exchange remains
extremely quiet. The tone alternates between dulness and
steadiness, and prices do not vary to any important extent. On
the whole the tendency is favorable, more especially as regards
English and American securities.
Throughout the week the demand for money has been upon
a very moderate scale.
There is some slight increase of inquiry
for loans at the close of the week, owing to the fact that this
is quarter-day; but the discount market is very quiet and the
rates of discount are easy, as follows:
Circulation
4638®4618
Genoa
Lisbon
Alexandria
New York...
is concerned, the effect of a somewhat dear and a decidedly un¬
certain money market has undoubtedly been to promote cau¬
tion and to defer business, where practicable; but on the Stock
EXCHANGE ON LONDON.
46 3)3 5 4 6
Bilbao
i j
\
25*57 % u> 25'62 %
20*67
5 20-70
20-67 ®2o-70
20-67 ra 20-70
18 52
518*56
Antwerp
Hamburg
m
Rate.
[Vol. XXXIV.
on a
uniform footing.
ApML
THE
8,1882. J
CHRONICLE
following statement shows the number of'failures and of
bills of sale granted during the week ended March 18, and from
j,n x to March 18, in 1882, compared with the same periods in
The
1881:
Week ending
March 18.
1882.
1881.
1,115 1,049
269
266
110
200
45
34
Bills of sale registered (England)
Failures gazetted (England)
Judgments extracted (Ireland)
Bills of sale registered Ireland)
Failures gazetted (Ireland)
Recorded protests extracted (Scotland)..
Failures
published (Scotland)
January 1 to
March 18.
1881.
1882.
11,185
376
48
375
237
,307
11
53
28
51
31
10,802
2,812
1,090
2,479
2,530
35
409
342
general meeting of the United States Rolling Stock Com¬
pany has been held this week to hear a statement from Mr
Hegewi3ch, the President of the undertaking. Mr. J. M.
Douglass, one of the members of the London Committee, was in
A
the chair, and stated that this was
897
During the week ended March 18 the sales of home-grown
principal markets of England and Wales
amounted to 31,639 quarters, against 33,925 quarters last year
and 24,336 quarters in 1880; while it is computed that they
were in the whole kingdom 126,600
quarters, against 135,70(1
quarters and 97,350 quarters. Since harvest the sales in the
150 principal markets have been 1,306,674 quarters, against
wheat in the 150
1,198,330 quarters and 911,759 quarters; the estimate for the
kingdom being 5,226,700, quarters, against 4,437,320
quarters in the corresponding period of last season and 3,587,000
quarters in 1879-80. Without reckoning the supplies of produce
whole
furnished ex-granary at
the commencement of the season, it
following quantities of wheat and flour
have been placed on the British markets since harvest. The
the first meeting held in visible supply of wheat in the United States is also given:
is estimated that the
London, where, however, most of the shareholders resided.
Hegewisch referred to the difficulties against which the
company had to contend, owing to the repudiation of the con¬
Mr.
tract made with them by the Atlantic & Great Western Railroad
Company, but added that their assets were now equal to the
full amount of their capital. He suggested that the business
of the company should be extended, and it was agreed to
increase the capital for that purpose by a sum not exceeding
£200,000.
1881—2.
1880-1.
Imports of wheat.cwt 34,813,840
Imports of flour
4,862,659
1879-80
1878-9
32,708,772
7,513,931
35,487,424
6,337,905
27,471,938
4,725,421
22,649,100
19,223,400
15,966,000
28,057,700-
62,325,599
of
623,498
59,451,103
57,791,329
60,255,059
823,314
877,624
1,167,548
Result
61,702,101
Av’ge price of English
wheat for season (qr).
46s. 9d.
Visible supply in Unit’d
States
bush. 14,500,000
53,627,789
56,913,705
59.087,511
42s. 6d.
46s. 8d.
40s. 4d.
Indian
Flour
18,031,H89
7,513,931
Sales
of
home grown
produce
Total
Deduct
exports
wheat aud flour
23,400,000 25.864,300
the quantities of produce at present esti¬
The following return shows the extent of the imports and
mated to be afloat to the United Kingdom: Wheat, 2,627,000
quarters; flour, 218,000 quarters; and Indian corn, 167,000 exports of cereal produce into and from the United Kingdom
during the first thirty weeks of the season, compared with the
quarters. *
The following table shows the extent of the exports of British corresponding period in the three previous seasons:
IMPORTS.
and Irish produce and manufactures and of colonial and foreign
1878-9.
1881-2.
1830-1.
1879-80.
wool to the United States during the month of February and Wheat
cwt.34,813,840 32,708,772 35,487,424 27.471,938
8,201,297
7,826,392
6,825,268
9,750,757
during the two months ended February 28, compared with the Barley
Oats
2,041,920
8,034,449
C,018,930
5,367,739
Peas
1,010,610
*1,392.105
1,309,530
898,098
corresponding period in the previous year:
Beaus
994,033
1,30-,524
1,615,999
702,200
r
The
following
are
In
/
Alkali
cwt.
Apparel and slops
£
Beer and ale
bbls.
Cotton piece goods., yds.
Earthenw.&porcelain. £
Haberdashery and mil¬
linery
£
Hardware and cutlery. £
Iron-Pig
tons.
Bar, <fcc
tons.
.
3,159
60,723
1,750
1.153
8,285,800 8,570,800
-
RR. of all sorts
1882.
214,201
264,508
4,292
74,801
doz.
Bags and sacks
56,853
63,066
39,976
36,407
18,648
61,294
•33,463
26,914
3,261
23,509
791
14,937
.tons.
-In Two Months.
1881.
1882.
February.
1881.
531,525
9,101
109,618
2,636
15,726,900
110,384
481,134
Wheat
4,201
Barley
47,954
21,174,100
166,461
Oats
Peas
Beans
Indian
Flour
95,603
79,206
34,702
130,658
82,037
1,876
58,374
5,900
22,858
51,032
626
406
1,795
5,528
11,114
13,314
23,291
33,273
732
1,330
508
1,293
Old for reinanuft.tons.
13.157
5,190
10,724
22,372
17.676
Steel—Unwrought. tons.
5,517
33,106
9,292
Jute yam
lbs.
285,400
816,100
523,300
1,448,900
Jute piece goods...yds. 7,188,200 7,403, 00 14,207,100 14,253,100
110
40
336
Lead—Pig, &c
10
tons.
Linen piece goods.. .yds. 8,882,600 9,965,300 19,083,100 22,112,000
gines
Other kinds
Paper—Writing
or
en¬
£
180
£
30,497
6,969
37,691
1,309
66,119
83,076
396
526
879
1,101
201
14,772
47,522
1,155
618
21,839
40,653
40,364
67,437
3,835
39,902
95,672
6,107
2,935
15,617
15,330
10,644
23,839
4,410
5,066
20,451
10,664
55,516
15,542
7,165
486
943,800
1,384,076
515,400
2,934,000
8,157
print¬
ing & envel’pes.cwt.
Other kinds except
han gings
cwt.
Salt
tons.
Bilk broadstuffs
yds.
Other articles of silk
only
£
Mixed with other ma-
terial
£
Spirits — British... galls.
„
Stationery—Other
paper
than
£
Tin—Unwrought.. .cwt.
Wool—British
lbs.
Colonial & foreign.lbs.
Woolen cloth
Worsted stuffs
Carpets, not
rugs
yds.
yds.
3,161,800
11,586
1,071
2,153,900
2,534,204
1,140,900
5,091,600
131,200
228,600
775
210,600
1,394,802
742,000
Apparel
were as
yds.
99.500
America
follows:
-In February.1881.
1882.
and
slops.... £
Cotton niece goods.yds.
Earthenware and por¬
£
celain
Haberdashery and
linery
12,727
6,392
76,737
7,399
1,170
96,330
10,070
142,353
309
2,122
993
1,052
210
3,303
218,209
25,724
1,008
3,019
316
508
898
364
332
452
723
598
1,048
269
753,400
5,136
2,363
3 -,950
3,75 L
2,998
550.000
1,526,000
4,597
10,442
1,498
2,721
98,980
7,508
5,505
1,202.700
.15,799
1,818
91,322
.
tons.
tens.
yds.
&
Woolen fabrics
yds.
Worsted fabrics. ...yds.
carpets,
not
being
.....yds.
1882.
5,394
sheets
and
boiler plates..‘.tons.
Tm plates
tons.
Emen piece
goods..yds.
galls.
sugar. ref’d& candy.cwt
1831.
1,995
Hoops,
*
-In Two Months.-
2,517
mil¬
Bpirits-British..'. gall's.
Stationery, other than
&
Paper
same
13,663,200
tons.
broadstuffs
Ribbons
during
267,300
the
i,101,900
tons.
•lik
1,548.200
6,289,200
18,935
12,029,300
Hardware & cutlery..£
®ar,’
&c
Railroad
1,417
700,500
4,085,305
12,788
6,408,200
£
Iron—pig
16,402
.
being
h
periods
8,799
.
28,192
1.982
4,730
17,254
25,234
cwt.
corn....
8.483
11.379
1,172
1,016
68
2,297
4,355
3,739
3.365
587,100
894,9u0
617,400
959,100
1,048,100
1,616,700
1,227,309
2,060,700
321,600
200,900
431,500
377,800
1,757
17,035,049
4,725,421
795,044
In reference to
514,281
46,594
20,358
78,598
746,584
39,764
446,894
56,678
20,943
179,759
64,982
82,406
25,177
554,415
1,031,432
80,958
56,056
11,222
6,761
235,224
82.651
76,730
32,580
86,116*
540,847
15,159
the colonial wool sales, Messrs.
Helmuth
they progress with good spirit.
There is no change to record in the prices of all ordinary and
inferior wools. The bulk of Adelaides, the heavier grades of
Port Phillip and Sydney grease and all faulty descriptions of
fleece and scoured remain unaltered, selling the same now as
they did at the opening of the series. For the better classes of
Australian combing, on the other hand, the competition has
gone on increasing, and this group o; wool shows a well-marked
advance in value. We speak here in particular of the good
Port Phillip and Sydney grease, which are now selling at from
Is. Id. upwards. They are the strong point in the market and
can be quoted a fall penny higher than at the opening.
Good
combing cold water washed fleece, when free from fault* sells
also remarkably well.
On the superfine spoutwashed Port
Phillip fleeces and the improved demand for them, we com¬
mented in our last circular. The supply of these extra super
wools, always small, is this year still further curtailed by the
non-arrival and probable loss of the “ Loch Maree.” In respect
to scoured wools it may be said that the best combing sorts
have from the outset sold well, and that the good demand for
them continues. In inferior and faulty descriptions there is
more irregularity.
Crossbreds have lately lost ground a little,
in sympathy with the domestic produce.
Capes are on the
whole unchanged, with the exception perhaps of Natal grease
and inferior scoured, which have become a little easier of pur¬
Schwartze & Co. observe that
chase.
The series will close
on
the 31st inst.
of the French
Treaty, Mr. S. Andrew, the Oldham Employers’ Secretary, had
an interview with Mr.
Hibbert, M. P., on the subject of the
While in London this week
on
the subject
Mr. Hibbert recommended
the American Minister in London, and he
adulteration of American cotton.
him to wait
851
12,605,051
6,337,905
EXPORTS.
6,703
122,927
Hoops, sheets,boiler <fc
armor plates... tons.
Tin plates
tons.
Castor wrought., tons.
Machinery—Steam
12,259,957
4,862,659
com
on
accordingly sought and obtained an interview with Mr. Lowell.
The Ambassador told Mr. Andrew that he was now made
perfectly aware of the very great adulteration that has been
taking place in American cotton, and he had promised that
every attention should be given to the grievance. He candidly
informed Mr. Andrew, however, that all that can be done will
be to call public attention to the subject, and simply attempt to
shame the doers of the mischief out of their evil practices.
Mr. Andrew pointed out that the great difficulty with
THE CHRONICLE
398.
spinners was that in consequence of the bales when they
arrived at the mills being so mutilated and disfigured, it was
impossible either to trace the paeker or the grower of the cot¬
ton, and he suggested that measures should bn adopted by
which these parties could be found out. Mr. Lowell, in repl}',
expressed the opinion that it was possible the growers and
packers could be discovered: if not, he added, then they were
at present fighting a fog. Without making any specific prom¬
ise
as
Lowell
what he should do in the direction indicated, Mr.
to
[Vol. XXXIV.
London.
Erie,
common
stock
Philadelphia A: Readiiu'.
3 Vs
136 l,s
New York Cent ral
Thurs.
65
05 ls
32 A
136
Sat.
Liverpool.
Cal. white
Corn, mix.. West.
7—
33
135*2
Mon.
tg
C5
y
o
01%
32*4
32%
130*4
Tars.
135
Wed.
Th
urs.
.
Wneat, No. 1, v, h.
Sprine. No. 2...
Winter, West., n
d.
.s’,
5)
0
13
10
! 3
10
“
“
d.
5)
0
s.
.......
i 0
2
5)
6
75
.8
6
“
Pork, West, mess..^? bbi.
Bacon, lony clear, now,. i 7
Beef, jir. mess, new.^tc. 75
Lard, prime West, -p ewt. 51
-
now til
•
i 0
9
2
7
6
O
75
6
O
0
0
47
75
7
0
0
0
55
o
164
0
d.
d.
0
13 5)
10 2
9 11.
10 3
9 7
0
7
5
0
17
0
75
0
55 0
51 0
,
S.
d.
.<?.
13
10
0
13
2
10
Fri.
0
11
10 3
£) 7
6
7
o l:
3
10
0
0
75
S)
7
7
0
tk
rr+
O
)*H
..
17
75
6
17.
0
O
55
6
75
55
(i
64
0
03
0
•—t
! i
same
ciation :
Sir:—I have had
Fri.
—
•
Cheese. Am. choice,
subject the following communication, published
this week, may be of interest to your readers:
To the President of the Lieu-pool Cotton Brokers' Asso¬
1011*16
33-40
105 As
117 hi
1 2 0rb
3S;h
140
65 *h
and
On the
1013 ia
Illinois Central
Pennsylvania
Flour (ex. State..100 lb.
be remedied.
Wed.
523*2
52i16
52i16
52*8
1017,6 IOHvs 1017lt> ioin16
101 *8
101%
101 ew
101%
83-42h 83-421-2 83-55
83-55 6
105 V
10.5 *8
105*s
105*8
117
117
117*4
117*2
120*4
12034
L20-\
121%
38 \
38
38*4
37%
140
110
13 >«2
140%
52he
d.
Consols for money
Consols for account
Fr'cli rentes (in Paris) fr.
U. S. Ssext’n’d intoSh’-5
IT. S. 4*cs of 185)1
U. S. 4s of 15)07
expressed sympathy with those who suffered from this
paper was left with him showing that such was the case.
Mr. Lowell again promised to give tlie matter every attention,
and expressed a hope that the grievance complained of might
Tues.
'
Silver, per oz....
system of adulteration. It was next pointed out to him that
the smallness of the profits of three companies in Oldliam was
attributed by the chairmen of the shareholders’ meetings to
the adulteration and dampness that prevailed amongst cotton,
a
Mon.
Sat.
c
_
(Z 6 muxevc in l and ilXlstclUtnemis Heirs.
Bonds held by National Banks.—The following
interesting
complaint:;, from all classes of
buyers, of the amount of sand delivered to them, and charged statement, furnish jd by the..Comptroller of the Currency, shows
for as cotton, that 1 think it high time the matter should be in¬ the amount of each class of bonds held against national bank
vestigated by the Association, and a remedy provided to prevent circulation and to secure public moneys in national bank
a repetition of what, to a spinner, appears little -better than
fraud. In the present state of trade it is ditlicult to spin cotton depositories on April 1. We gave the statement for Mar. 1
at G%d. per 1$. into 32s.’ twist to a pro d, whereas it is an im¬ in Chronicle of Alar. 4, page 232; and by referring to that the
possibility to spin sand at the same price into anything but changes made during the m mth can be seen.
dead loss. Only last month my firm sold 1 GO bales of Texas
cotton at 0 11-lOd. per lb., the loss on which from ?and alone I
V. S. Bonds Held April 1, 1882, to Secure—
have every reason to believe the spinner correctly stated to
Pcs \ • 5)t ion o f Bonds.
amount to 10 per cent, or nearly £200.
The spinner naturally
Pub! icDc/iosds
Ban ATotal Held.
asks if lie lias no remedy, and 1 was compelled to inform him
Circulation.
in Bunas.
that,'having seen and approved of the buying and the redrawn
s
$ 18,000
$18,000
samples, both of which showed some sand, he had no claim 6s, u >t- cent In ue 1
3,010.000
-33,000
3,673,000
according to the present rales and customs of the trade, which, Currency IV
5 per cents
in my opinion, require to be altered to meet such cases.
171,000
171,000
The speculator, moreover, who buys futures lias an equally 4*-j per cents
S 18,000
32,303,850
33,151,850
93,315,950
0,5 15,200
99,86J,150
good ground of complaint, that he buys “middling” American L per cents
cotton to be equal to a standard kept by the Association, which
199.188,900
7,350,100
5s, extended at 3*2
200.539,300
is open to inspection, and is known to be five from sand, and os, exten led at 3 v
41,272,000
1,345,000
42.617,900
so
many
i
he lias tendered to him cotton mixed with from 2
of
sand, for which he gets
no
where the cotton, tendered
to 10
adequate allowance.
on
a
contract basis,
.
per
Take
cent
“middling”,
(with the low middling clause) is just low middling, and the
difference between middling and low middling is quoted at
3-16d. per lb. Lor the grade alone 1 maintain that the buyer
is entitled to 3-lGd. per lb. allowance, and if the cotton contains
10 per cent of sand, I maintain that lie is entitled to an allow¬
ance
of 3-lGd. per lb. for grade and 10 per cent addi¬
tional for sand, if, however, you refer to (lie most experienced
arbitrators in American cotton, they will tell you that they
cannot, according to the custom of the trade, allow more than
the circular quotation difference between middling and low
middling, or they would be obliged to return the cotton
to the
seller with a penalty. I maintain that if the
cotton is low middling in grade, it would be an
injus¬
tice to return it with a penalty to the seller because it
contains sand; bat to ask the buyer to accept sandy cotton at
the allowance quoted in the circular for cotton free from sand
is equally unjust, and this 1 believe to be the custom of the
trade at present. I should suggest as a remedy that where the'
seller declines to give any guarantee as to the amount of sand
in his cotton, he should affix a label on liis samples to the fol¬
lowing effect: “No rejections nor returns for sand after pass¬
and in buying this cotton the spinner will know
ing the scale
the risk he runs. All other ottos should be sold with
tee that the loss by sand shall not exceed 5 per
cent,
National Banks.—The
organized
:
$386,011,200
following national banks have been
.
2,65g.—The Stock Growers’ National Bank of Cheyenne, Wyoming Ter¬
ritory.
Capital. $200,000.
Joseph M. Carey, President;
I Ionry G. lity, Cashier.
2 053.—Tito First National Hank of Superior, Wis. Capital, $60,000.
D. M. Sabin. President ; T. K. Alexander, Cashier.
2,05-1.—The National Bank of Kittanning, Pa.
Capital,- $100,000.
James
Imports
and
Mosgrove, President; W. Pollock, Cashier.
Exports
for the
Week.—The imports of last
preceding- week, show
dry goods and general merchandise. The
total imports were $10,93$,429, against §7,777,752 the pre¬
ceding week and $11,334,923 two weeks previous. The exports
for the week ended April 4 amounted to $6,065,125, against
$5,317,425 last week and $6,131,617 two weeks previous. The
following are the iinpo-rts at New York for the week ending
(for dry goods) March 30 and for the week ending (for general
merchandise) March 31; also totals since the beginning of first
week, compared with those of the
an
increase in both
week in January:
FOREIGN IMPORTS AT NEW YORK.
a
guranand any
bale which, when tested, shows a loss from sand exceeding 5
per cent shall be returnable to the seller at the value of"the
day, plus
expenses to the mill and back.
This, I consider,
would meet the case of cotton bought on the spot, and in the
arbitrations on cotton bought to arrive I should suggest that a
rule be
passed that “No cotton which is up to the guaran¬
tee in grade sold shall be rejected or returned,*with or wirhout
penalty, for sand ; but the allowance for sand, if any, shall be
addition to any allowance for grade.”
We are toid that the wet season in America produced the
damp iu cotton last year, and the diought is the cause of the
sand this season. To the credit of the ryot in India, who has
more heavy rains and more drought than
the American to con¬
tend with, he has contributed nothing to the Piuekington Bank
now in course of construction
by some enterpridng"Ainei;ican
cotton planters ia Oldham.
I shall be glad if you will favor me with your views on this
important question, in such a form that it may be printed, and
published, in order that the trade may see that- our Associati m
exists not only to protect rights but to redress
wrongs.
Iam
yours, faithfully,
Thomas Tiiorburn.
new
$3 lit),900,700
$ 16,1 40,500
Total
a case
Bor Wee!:.
Dry goods
Geu’i mer'dise..
Total
Sin a: dan. 1.
Gen’i mer’dise..
Total 13 weeks
our
1881.
1882.
94.176,895
$3,082,053
$2,611,077
8,421,012
6,9 72,731
$3.452,'557
7,505,872
$5,995,793
$11,503,095
$9,613,811
$10,953,429
$27,190,074
$38,614,806
$31,152.819
-
$1,819
,
Dry .Roods
In
IS 80.
1879.
„
51,052,7 15
8
6,525,602
74,817,603
A
0,528,195
L3S.191
S3,
$78.813.119 $125.1 70,-108 i$l 09,010,422 3125.660,380
report of the dry goods trade will be found the
of dry goods for one week later.
The following is a statement of
imports
of
the - exports (exclusive
specie) from the port of New York to foreign ports
week ending March 23, and from January 1 to date :
for the
EXPORTS FROM NEW YORK FOR THE WEEK.
IS 79.
1880.
1881.
1882.
For the week...
Prev. reported v.
$5^.i60,298
$7,191,662
71,417,803
77,891,872
$9,014,878
90,938,809
$6,665,125
76,001,70d
Total 13 weeks
$80,378,101
$$’5,086,534
$99,983;CS7
$82,720,330
EtiXliaU Market Reports—Per Cable.
The daily closing quotations for securities, &c., at London
and for breadstuffs and provisions at Liverpool, are
by cable
as
follows for the week ending April 7:
reported
The
at the
following table shows the exports and imports of
port of New York for the week ending April h
since Jan. 1, 1382
8Pe^®
:
a
THE
8,1883.J
Atoil
CHRONICLE
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Illinois Midland.—D. H. Conklin has been appointed Re¬
ceiver.
Imports.
Gold.
Week.
Since Jan. 1.
$
Great Britain
Week.
$101,998
150.000
380
232
Germany
West Indies
Mexico
South America.—
All other countries...
500
95,500
42,200
24,500
3,893
134,098
3 073
83,226
4,770
991)59
4,204
*
T«rnl 1 ^82
Total 1381
Total 1680
Silver.
Groat Britain
$25,000
$9,889,998
$12,312
$120,203
4,260
23,725
122.470
3,438,719
1,503,090
920
13,710.307
1,114,018
$280,750
$2,659,357
4,700
300,300
3,000
France
Germany
West imtics
$
$11,193
S09
5 1,5 05
20.700
7H,39<»
318,933
it] 172
Mexico
South America
All other countries
222*029
4
7,808
3 00
Total 1832
$3, l: 8,757
$285,450
21 1,842
Total 1831
Total 18 SO
3,043.902
1.551,05 7
20,904
1,242
5,370
$130,142
1
$057,147
41,025
1,355
935,253
1.499.151
Of tlie above imports for the week in 1882, $5,334 were
American gold coin and $15,073 American silver coin. Of the
export’s for the same time $20,200 were American silver coin.
Statement of the Comptroller of the Currency, showing by
States the amount of National Bank circulation issued, the
amount, of Legal Tender Notes deposited in the United States
Treasury to retire National Bank circulation, from June 20,1874,
to April 1,1S82, and amount remaining on deposit at latter date.
Lec/at-Tcndcr Notes Deposited to
iielire National Dank Circula¬
tion since. June, 20, 1674.
1
Additional
circulation
To Retire
and Ter¬ issued since
liedcm pi'n
Jane 20,
Circuit'lion
ritories.
of Notes o f under A el
3,74.
Lct/ul Ten¬
ders
States
Liquidat'd of Jane 20.
Dunks.
D
o n
p os i t
vith V. S.
Treasurer
at Date.
Total
Deposits.
$•
Maine
$
N.Hampsh
-800,065
317,000
72,997
Vermont..
Mat's,
Rli. Island
2,008,920
441,097
25,009,040
3,053,8 60
4,512,370
29,102,905
234,800
32,350
1,571,580
i
—
Conn
New York.
N. Jersey..
Perm
Delaware.
MiirvhuuL
Disk Col..
Virginia
3.072,065
2,091,410
457,000
1,178.500
220,810
1,235,000
3 69,700
028,330
W.V’ginia.
N. Carolina
S. Carolina
Georgia...
72,000
...
Alabama..
1,072.193
2,653.137
3,170.7 in
1,154,223
0,27-1,884
901,198
12,951,571
14,273,997
4,971,010
100,600
432,001
937,309
731,000
1,718,360
1,884,980
50,707
530.000
1.030,010
902,721
1.973,379
8
230,191
380,085
1.1 92.585
1.117,715
1
-
128,200
1,187,380
............
330.925
....
437.0 < 5
.......
33,751,273
1,4> .0
09,537
222.058
1,320,785
1,187,380
123,089
70S.COO
85,680
........
221,i'00
90,000
311.100
91,567
181
1,668,110
019,150
050,413
01,290
171.000
-
Kentucky.
4,783,450
029,807
Tennessee.
Missouri..
1,04 0,7 70
1,876,860
Ohio
0,743,500
411,101
1,043,450
1,704,597
Indiana...
Illinois....
4,094,450
3,981,125
3,151,790
1,379,030
2,430,250
1,273,400
323,080
293,400
30,000
Michigan.
Wisconsin.
Iowa
Minnesota
...
Nebraska.
Nevada
Oregon
Colorado..
...
2,099,250
2,755,003
37,035
319,340
380.030
171.000
171,000
2.310.833
55 1,859
2,910,700
123,709
2,8 J 5
818,503
4.207,135
5,310,585
0,801,131
170,853
935,969
2,040.281
9.321,360
9.714,270
2,371,332
4,208,375
1,530,977
451,969
587,454
077,323
5,090.534
7,859,083
7,723,590
3,582,475
1,259.589
1,814,015
1,465,297
1,990,074
625,900
680,860
991,249
554,495
781,721
1,883,445
310,550
45,000
449,980
-
905,900
1,940,119
2,895,804
2,437,91)
1,098.271
494,960
Wyoming.
N. Mexico
219,225
188.900
101,191
300,000
30,000
110.200
81,000
357,991
197,200
90,000
90,000
85,000
11, < 43
40,253
y
144,000
225,000
.
52,345
454,500
...
Cal ifornio.
930 090
Arizona...
30/900
ate amount of
The road has beeu accepted by
point 60 kilometres north of Hermosillo, making a total. of 204 kilometres accepted, on which
there is due the company a subsidy amounting to $1,423,000, of
which $651,000 has been paid in money and orders.
Western
130,619,905
|
20,770,314!
T
112,958
052i 137,548,011
a
Union—American
Cable.—The agreement be¬
Union companies lias
been ratified, and the lease drawn of the cables of the former
company to the latter for a guaranteed dividend in perpetuity
of 6 per cent per annum on $10,500,000 capital stock of the
cable company. The subscribers to the American cable con¬
struction will receive one and a half shares of the eruaranteed
stock for every $100 of the $7,000,000 they have paid in, leaving
tween the American Cable and Western
$3,000,000 for the Brazilian cable.
—The card of Messrs.
Vy.se, Sons & Broun, bankers and
brokers, is published to-day in the Chronicle. This firm
was first organized last year and is composed of
gentlemen
well-known in Wall Street and among general business circles
as well qualified to conduct with care and satisfaction to their
customers
a
business of such
responsibility.
—Attention is called to the card of Messrs. John S. James &
Co., in to-day’s Chronicle.
This house is
one
of the old estab¬
lished firms in Wall Street in the stock commission business, and
has always ranked wit h the best for careful business manage¬
ment.
Mr. John S. James is the member representing the firm
on the New York Stock Exchange.
—The attention of investors is called to a select line of rail¬
road bonds now offered in the advertising columns of the
Chronicle by Messrs. A. W. Beasley& Co., of this city.
—The Ontario Silver Mining Company has declared the regu¬
lar monthly dividend of 50 cents per share, for March, payable
at
Wells, Fargo & Co.’s, April 15.
Auction
Sales.—The
following
Messrs. Adrian If. Muller & Son
23
12
225
3 7
4
5
100
Shares.
Nat. Bk. State of X. Y.. .11D3±
Farmers’ L. & Trust Co..4i5
Plienix Nat. Bk..l TiqsiO'tLj
Niagara Fire Ins. Co
ISULj
202
Co
w
sold this week by
were
:
hands.
$5,000 State of Alabama bds.,
■
Class A
82
3,000 City of N. Y. 7s City
Improvement stock, due
1253s and May int.
1892
Republic Fire Ins. Co
771*?
Sterling Fire ins. Co
OUlt
Williamsburg Cily Ins.
2,000 N. Y. County 7s Accu¬
mulated Debt bonds, due
1887
115 and May
251
400 Grand St.A: Newt. RU.Co.lOO1^
15 Tradesmen’s Nat. Bank..100
40 rate Dep. Go. of N. Y.l 50«>114
2u Sterling Fire Ins. Co
53
iut.
5,000 N. Y. County Os Soldiers’ Bounty Fund, duo
1890
115 and May int.
,
BANKING AND FINANCIAL.
BONDS.
The
policy of the Government in making successive calls of
render it necessary for many holders
to re-invest, during the coming j'ear, money now lying in safes
and vaults in the form of old issues of bonds, which have
ceased, or will soon cease, to bear interest.
bonds for redemption will
Government Bonds can be obtained at our office
in anyamoun'
at market rates, with no charge
for commission
~
*Leg. tend.
rolling stock.
the Mexican Government to
175,243
308,025
149,400
190,800
that date the track has been laid at an average rate of about
one mile a day.
It is expected that the road will be completed
to Nogales by September 1, 1882:
The whole amount now
subscribed under circulars Nos. 1 to 4 inclusive is $3,600,000,
and this amount is believed to be sufficient to complete the line
from Guaymis to NogaVs, and furnish the road with a moder¬
213,447
1,083
815,400
ber, 18S1. On February 27, 1882, the track had been laid
sixty-two and one-lialf miles north from Hermosillo, and since
1,591.581
274)00
Utah
Montana..
Total
10,6 OS.000
2,381 685 12,414,235
3,857,030
3,922,380
.
Texas
Wash’ton
Dakota
24,191
604,559
1,015,289
30,902,930
207,000
Louisiana.
Kansas
229,005
2,768.340
523,603
1,342,420
Mississippi
Arkansas
1,081,700
] 28,797
2.194,137
277,275
..
Florida
1,753,010
10,003,200
65,3501
10,907,Ol(i
$
70 1,700
55,800
Railway Com¬
pany was held in Boston, April 5.
From the second annual
report it appears that the road from Guaymas to Hermosillo,
ninety miles, was completed and opened for business in Novem¬
e
1874.
C>
Sonora.—The annual meeting of the Sonora
Since Jan. 1.
$
$9,602,298
France
399
J
'
'
'
29.903,130
BANKING.
*
Deposited prior to June 29, 1671 and remaining at that date.
Statement of the Comptroller of the Currency on April 1,
,
1832, showing the amounts of National Bank Notes and of Legal
Tender Notes outstanding at the dates of the passage of the
Acts of June 20, 1874, January 14,
1875, and May 31, 1S78,
together with the amounts outstanding at date, and the
increase
or
Interest allowed at 3 per cent
average
interest
ou
accounts
per annum on
of $1,000 or over. No
averaging less than $1,000.
monthly balance
s
decrease:
National Dank Notes—
Amount outstanding June 20,1874
Amount outstanding January 14. 1875
Amount outstanding Mav 31, 1878
Amount outstanding at date *
Decrease during the last month
increase since April 1,1881
'
Dedal Tender Notes—
STOCKS.
$3 19.89 1,162
351,801,450
322,555,905
360,
328,818
14,22.>,121
Circulation
of
national
We do
gold banks, not included above, $940,609.
a
general commission business in Stocks and Bond3
Exchange, and other sound
dealt in at the New York Stock
securities.
F special
attention given to orders by Mail and
Telegraph from Banks, Ilinkers and other institu¬
tions and from investors out of the city.
*
Amount outstanding June 20, 1874
$382,000,009
Amount outstanding January 14, 1875
382,000,000
Amount retired under act of Jan. 14, 1875, to
May 31. ’78
35,318,984
Amount
outstanding on and since May 31, 1878
340,681,016
Amount on deposit witli the U. S. Treasurer to redeem
notes »f insolvent and
liquidating banks, and banks
retiring circulation under Act of June 20, 1874
29,903,230
decrease hi deposit during tlie last month
322,499
decrease in deposit since April 1,1881
8,139,275
■*
deposit accounts of parties- hi good standing ;
satisfactory references required from those not already known.
We receive
Our Memoranda of Government
aluable information
on
maav
Bonds for 1882, containing
subjects,
can
be obtained by all
esiring to make investments or to consult its pages for any
Urp0Se‘
FISK
&
5 Nassau Street,
IIATCIT,
New York.
THE
400
CHRONICLE.
[Tou XXXIV.
*%
Thursday the actual rates for prime bankers 60-days bills
about 4 86% and for demand 4 89%, with cable transfers
4 90%.
The actual rates for continental bills were as follows •
Francs 5 18%@5 17% and 5 15@5 14%, Marks 94%@95 Tand
DIVIDENDS:
95%@95%, and Guilders, 40% and 40%.
nr The following dividends have recently been announced:
The Evening Post money article says to-day : “Sometime
ago we noticed the fact that the principal bankers in London
Books Closed.
Per
When
and drawing on London proposed to change the rate at which
Name of Company.
cent.
Payable. (Bays inclusive.)
acceptors or drawers of commercial bills should be allowed to
discount them in London, from the posted rate of the Bank of
'^Railroads*
Boston Cain. Fitch. & N. B. com.. $1 50 Apr.
15 April 5 to April 17, England to one-half of one per cent above the advertised rate
Do
do
pref.. $3 50 Apr. 15 April 5 to April 17
paid on deposits by the leading joint-stock banks of London.
6
Junction
Apr.
—
The following is the text of the agreement: London, March
1%
Apr. 15
Lehigh Valley (quar.)
Nashville Cliatt.*A St. Louis
1%
Apr. 20 April 7 to April 23 14, 1882.—It is proposed that from and after the 1st July next
Sioux City & Pacific pref
3%
Apr.
5
the acceptors of bills payable in Great Britain and Ireland de¬
Vermont & Massachusetts
$3
Apr.
7 April 1 to
Insurance.
siring to retire the documents hypothecated to secure the pay¬
4
North River
Apr. 10
ment of the same at maturity, shall be allowed a rebate of
interest at the rate of one-lialf per cent per annum above the
NEW YORK. FRIDAY. APRIL, 7. 1882-5 P. M.
advertised rate of interest for short deposits allowed by the
The Money Market and Financial Situation.—Business leading joint stock banks in London.”
Quotations for foreign exchange are as follows, the outside
practically closed for our week on Thursday, and Friday is
prices being the posted rates of leading bankers:
quite generally observed as a holiday, the Stock Exchange
and Cotton and Produce Exchanges not being open.
Sixty Bays.
Bemand.
April 6.
In some respects it may be said that the week has been rather
4 89
Prime bankers’ sterling bills on London. 4 86 % ® 4 87%
®4 90%
a surprise in Wall Street. There was a pretty strong tone at the
4 85
®4 85%
4 v8
Prime commercial
®4 88%
4 87%®4 88
4 84% ® 4 85
Stock Exchange on Saturday last, but on Monday morning the Documentary commercial
5 18 3*®5 1078
5 15 ® 5 13%
Paris (francs)
scene shifted, and some of the stocks that had been steadily
40
®
Amsterdam (guilders)
40%
40% g) 40%
Frankfort or Bremen (reiclimarks)
95%® 95%
94% ct> 95%
supported before, declined so rapidly as to carry the whole
%\iz $3ankers' (f>a*cttr.
On
were
,
,.
market with them.
For
some
time the Street talk had referred
United States Bonds.—Government securities have been
ac¬
prominent stocks had been kept up to a tive, and strong in price, in consequence of the large demand
from holders whose bonds are called and likely to be called.
specified price, as if a peg was driven in there, and that the The
inquiry for 4 per cents and for all the long-date bonds is
were moved from one point to another at the
pegs
large.
will of
the
manipulators, and this week the bears
The Secretary of the Treasury has issued the 112th call for
said the stocks were merely selling “ ex-peg” and seeking their the redemption of 6 per cent bonds of the loan of July 17 and
natural level.
Under the disappointment which followed the August 5, 1861, continued at 3% per cent from July 1, 1881.
The call is for $15,000,000, and the principal and accrued inter¬
decline in Lake Shore to 110, Western Union to 86, Missouri
est will be paid at the Treasury on the 7th day of June next,
Pacific to 94%, &c., &c., the stock market became decidedly and the interest will cease on that dav.
The following are the numbers of the bonds:
weak and the prices on Thursday were at the lowest. In addi¬
$50—No. 2,251 to No. 2.465, both inclusive.
tion to these circumstances, the renewed exports of specie were
$100—No. 15,701 to No. 17,750, both inclusive.
not calculated to help matters, and the result was a tone of
$500—No. 11,101 to No. 11,960, both inclusive.
$1,000—No. 53,501 to No. 55,950, both inclusive.
depression at the Stock Exchanges in New York and other
$5,000—No. 17,101t# No. 17,580. both inclusive.
cities which was in strong contrast with the buoyancy of the
$10,000—No. 36,671 to No. 38,810, both inclusive.
Total, $15,000,000.
previous weeks.
The closing prices at the New York Board have been as
There has seldom been a time when the course of events so
thoroughly confirmed the force of our remarks, recently made in follows:
this report, that the artificial support of a few leading operators
Interest ApHl April April April April April
5.
6.
7.
is an element of strength far less to be depended on "than a
Periods.
1.
3.
4.
genuine improvement in commercial business, in railroad
*101
*101
continued at 3%.. J. A J. 101% *101% *101
traffic, or in other matters tending directly to increase the in¬ 6s,
5s, continued at 3%.. Q.-Feb. *x02% 102% 102% 1023* 103 1
come of the respective companies.
The question of capacity 4%s, 1891
reg. Q.-Mar. 115% *115% 115% 115% 115%
115% 115%
to earn yearly income must remain as the main test of the 4%s, 1891
coup. Q.-Mar. 115% -115% *115
reg. Q.-Jan. *118% 118% *118% *118% 119%
value of corporate stocks, and all the side questions of gross 4s, 1907
4s, 1907
coup. Q.-Jan. *x1858 ms % 118% 118% 119%
earnings per mile, amount of liabilities, watered stock, &c., 6s, cur’cy, 1895..reg. J. A J. *130 *130 *130 *130 *130
W
*132
-132
*132
*131
are of minor importance, provided the income is forthcoming
6s, cur’cy, 1896..reg. J. A J. *131
*133
*133
*132
*132
*133
J.
J.
A
6s,
our’cy, 1897..reg.
to pay all yearly charges, and dividends besides.
This may be
*134
*135
*133
*134
cur’cy, 1898.. reg. J. A J. *133
criticised as a mere truism, but granting this, the repetition of 6s,
*136
*135
*134
*135
6s. our’cy. 1899..res:. J. A J. *134
it seems necessary, so frequently do we see the average stock
♦This is the price bid at the morning board; no sale was made.
purchaser carried away by the temporary phases of the market
and ignoring the vital principles which necessarily regulate the
State and Railroad Bonds.—The business in Southern State
bonds has been moderate, and there are no new features of
prices of stocks in the long run.
The money market has been fairly easy, except for a short importance.
On Thursday the Tennessees sold at 49%@50;
time on Monday afternoon when the price to stock borrowers Louisiana consols, 63 ; South Carolina non-fundable at 10.
was bid up to 1-32 of 1 per cent a day, and the balance of the
Railroad bonds have fluctuated considerably, and the Erie
week the range has been 4 @ 6 per cent on stock collaterals, consolidated have been pressed down in sympathy with the
with few transactions over 5 per cent.
Government bond stock market, although the Erie road has recently obtained an
dealers have paid 2% @ 3 per cent, and prime commercial important New England connection via the New York & New
er sells at 5 @ 6 per cent.
England road at Newburg, and is now shipping through freight
he Bank of England on Thursday showed in its weekly from the West; and before the end of 1882 the company will
statement a decrease of £766,000 in bullion, and the proportion have its own line to Chicago over the new road building from
of reserve to liabilities was 36% per cent, against 42% per cent Marion, O. The Philadelphia & Reading general mortgage
the previous week. The discount rate remains at 3 per cent. bonds are to be paid off July 1, 1882, and as they now carry the
The Bank of Fiance gained 6,825,000 francs gold and lost January coupon, they will then be worth 106.
1,400,000 francs silver.
Railroad and Miscellaneous Stocks.—Some of the general
The New York City Clearing-House banks in their statement
of April 1 showed a decrease of $1,617,150 in their surplus features of the stock market are touched upon above in the
comments upon the financial situation.
It is this week, as al¬
reserves, the total surplus being $1,720,950, against $3,338,100
ways
in
such
cases,
a
more
discouraging
of stock fluctua¬
phase
on March 25.
tion,
from
the
fact
that
such
a
sickly
market
was not at all
The following table shows the changes from the previous
expected by the majority of outside holders. Some of the older
week and a comparison with the two preceding years:
stock brokers are habitually suspicious, and when there is a
1882.
1880
1881.
perfectly clear sky and several of the heaviest operators take
Differ nces fr'm
previous iceek.
April 2.
Apnl 1.
April 3.
great pains to proclaim themselves openly as undoubted bulls,
these sceptical brokers usually look for trouble ahead.
Loans and dis. $312,824,200 Inc .$1,604,800 $300,288,100 $290,639,500
Not often in the whole history of the stock market
57.373.700 Dec. 1,228,400
57,611,000
53.669,300
Specie
Circulation...
19.954.700 Dec.
has there been such a demonstration on the part of
141,800
20,981.600
16.713.500
Net deposits
234.723.400 Dec.
936.200 275,495,400 259.306.800
wealthy speculators as that which was made a few
15,528,100 Dec.
622,800
10,847,500
Legal tenders.
12.710.500
weeks ago;, indeed, the impression almost went abroad
Legal reserve. $71.’. 80,850 Dec. $234,050 $68,873,850 $64,826,700 that nothing would ever induce them to sell another
Reserve held.
72,901,800 Dec. 1,851,200
64,516,800
70.321.500
share of stock.
But no sooner had prices well recov¬
Surplus
$l,720,950;Dcc.$J,617.450
$1,447,650 def. $309,900 ered than stocks were freely poured out from some quarter,
and another fall of 6@8 per cent took place.
Now, at the
Foreign Exchange.—The exchange market has been gener¬ decline, it seems more than probable that things will oQ
ally strong, notwithstanding the reported shipments of securi¬ steadier, as 110 for Lake Shore is quite different from 118, au
ties abroad, which create a supply of bankers’ bills, and on other stocks in proportion.
The Oregon Railway & Naviga¬
Wednesday the steamer Arizona took out $750,000 gold. But tion Company earned $3,721,404 gross and $1,844,373 net i
the tone has not since been firm enough to encourage further the nine months from July 1, 1881, to April 1, 188*. 1
shipments, and it is probable that none will go on Saturday. Wabash report is out, and an analysis is given on another pag .
to the fact that certain
.
©
.
THE CHRONICLE.
1888. j
April 8,
401
RANGE IN PRICES AT THE N. Y. STOCK EXCHANGE FOR THE WEEK, AND SINCE JAN. 1, 1882.
DAILY
HIGHEST
AND
LOWEST
For Full
PRICES.
Saturday,
April 1.
Monday,
April 3.
KAILKOADS.
Albany A Susquehanna
Boston A N. Y. Air-Line
Do
r131
prof...
1st
2d
53 >4
34
34
82 34
80
91%
90*8
22%
32 Hi
*23 Hi
pref
pref...
pref.
Chicago A Northwestern
Do
pref...
13134
Chicago Rock Tsi. A Pacific
Chicago St. L. A New Orleans.. *75
38*8
Chicago St. Paul Minn. A Om..
Do
pref. 1()3
52*4
Cincinnati Sandusky A Clev....
Cleveland Col. Cin. A Ind
Cleveland A Pittsburg guar— *138
Columbia A Greenville, pref—
13
Columbus Chic. A Ind. Central.
Delaware Lackawanna <fc West. 124*4
66
Denver* Rio Grande
*x80
Dubuque A Sioux City
pref..
Green Bay Win. A St.
Hannibal *. St. Joseph
Paul
pref
Houston A Texas Central
*22
*34
*
J3
131
383*
103 Ha
80*4
51 **4
52H;
20Ha
20 Ha
*70
51%
51%
*34
82
130
22 Ha
90%
23
35
25
22 Hi
32*8
32*8
22%
*32%
*23%
131*2
133 %
131*4
131*2
140
*23
132
25
132
133
133Ha
140*2
INI Hi
"75
140
131%
77
12
13
13*8
125
123% 124%
66 78
63**8 67
*85
12
....
21*4
51*4
77Ha
51*4
77*2
51%
76
*75
77
37*4
101
51
21
91
*90
12Ha
12**4
22*4
21%
12%
22
12*4
21*4
28
21
91
*90
92*4
94
89%
130% 136**8
42*4 43
*90
91
91
90Ha
9 L**4
71
73
43
32 *8
112 *2
55
33*4
114*8
92%
71
73%
136 %
42
136*8 136 **8
41
91
13034
43%
*90
89
69
21,750
15,250
*118
700
600
120
33
116
20
20
81**4
1st
Dc
12*4
21 Ha
8
90
91
90*2
70*2
135% 106*4
41
41 Hi
*53*‘
52*4
92
’-2
93
3u
35
36*8
8 Ha
pref...
Missouri Kansas * Texas
Missouri Pacific
Mobile & Ohio
.'
Morris * Essex
Nashville Chattanooga * St. L.
New York Central * Hudson
New York Elevated
New York Lake Erie * West..
..
Do
pref.
New York New Haven * Hart.
New York Ontario * Western
Norfolk* Western
..
pref
84%
Oregon & Trans-Continental...
Panama, Trust Co. certificates.
Peoria Decatur* Evansville...
Philadelphia A Iteadiug
Pittsbur g Ft. Wayue * Chio
Rensselaer & Saratoga
Rich.* Allegli., stock trust etfs.
Richmond A Danville
Richmond * West Poiut
Rochester * Pittsburg
Rome Watertown * ogdeusb’g
St. Louis Alton * Terre Haute.
Do
pref.
St. Louis & Sau Francisco
Do
pref.
Do
1st prof.
St. Paul & Duluth
Do
pref
St. Paul Minneap. * Manitoba.
Texas * Pacific
.
97*8
9S**4
89*2
85**4
49 Ha
pref.
MISCELLANEOUS.
American District Telegraph
Canton Company
Colorado Coal * Iron
Delaware * Hudson Canal
New York * Texas Laud
Oregon Railway * Nav. Co
Pacilic Mail
Pullman Palace Car
Butro Tunnel
WesLUnion Tel., ex-certificates
EXPRESS.
81
51**4
91H
92
36
92
34
Ha
54Ha
64
*51 *4
*90
34
36
55
57
87*2
87*2
87*2
57 *4;
87*2
78 %
64
400
49 %
Feb. 2 4
300
16
Mar. 8
Mar. 8
Feb 24
Mar. 10
87,0:,2
65
100
(51
44
1,000
91*2
387
34 H
91% Apr.
2,400
25
10
6
46
84
83
48
84 -’a
50
20
82%
84%
300
37%
78
33Ha
35
33%
98'%
95
28
97*8
96*4
36*8
37 **4
36*8
37*%
76*2
76Ha
170
75 Ha
75Ha
170
27
68%
132
105
36*2
*165
27%
28*8
27*4
28*4
27
28*4
53Ha
53%
53
37Ha
53
53
53Ha
53*2
40%
80**8
38*4
77*8
16 7a
41*%
80%
17%
39%
78%
16%
39
38Ha
17*8
40**s
80*4
17b9
77**4
17*8
38*2
38Ha
38Ha
18
73
18
74
18
75
32 % 33*4
62 **4 64 *4
*134
136
56
57
87 *2
82 Hi
48
48%
18
39
*38*2
34%
97%
27*4
08%
133
107
3134
61*2
33
64%
72%
3134
6134
33
94*4
500
36,870
2,800
74
170
170
36%
27%
28%
26%
27*4
20
20
53Ha
41*2
53
53
39*4
78%
18
16*2
38%
35%
38
18
73
74%
7534
74%
76%
33
64
32
33
02%
136
r*
78% Mar. 11
700
285
◄
Q
100
4,700
134,895
235,975
11,676 f
3,815
J
O
W
570
18
'
31% 32%
64Ha
136
21,289
142
158
32
23Ha
145Ha
23*2 24
345
145
159*2, 157
32*4
31Ha
159
32*4
23
23*8
63
156,210
136
84
23
23
2,74 5
155
155
6,900
9,800
980
157% 158*2
30% 31
155
31
156Ha
31%
30%
*07Ha
40
28Hi
69
40
26*4
67%
39Ha
39 Ha
55%
56
119
44*4
45%
27Ha
67%
42%
119%
4 > *4
*26
31%
34%
60%
l'j
*65
69
65
38%
30
55
55
55 Ha
55 Ha
120
42
Ha
113% 115 Ha! 113
35 %*
34
01*8!
59*4
3.) *8
60%
51%
142
41
90
51*2
142
42
49*2 51 Ha
105*2 106
144%
140
41
41%
*126*2 127*2
90%
86*2
90%
*25% '25%
28
68
27
33Ha
120
44Ha
59
52
52
69
33%
57%
520
100
950
1,000
120% 120% 120*4 120%
42% 44%: 42*2 43%
%!
il3' *
35
60*4
33%
57%
114% 113 % i'1'4
35
60%
*67
100
100
100
850
75,538
113 *2
29,718
34
24,903
85,450
58%
300
51
49% 51%
105% 105%
106
51%
106
98% Jan. 28
37
Mar. 30
15% Jan. 16
9 % Jan.
3
82 V Jan. 18
92
Fob. 8
90
Jan. 16
52
Jan. 16
21
J a a. 11
61
Jan. 11
48*2 50*4
105*8 105%
145
140Ha 140% 144
41
42%
39% 40%
40% 42
126% 126Ha *124% 126% *126
126%
%
%
86
87% 89%
87%
86% 89%
58% Jan.
41% Apr.
Jan.
Mar.
Mar.
27
Feb. 23
1,200
237,167
142
151
95
*75
311
*140
144
142
95
94% 94*2
76
*75
75
*127Ha 129% 129
129
Fab. 23
Mar. 16
24
.130
.50
Feb.
80% Apr.
68%
101%
44% 350
121
108
94
63
124
38%
14
41
146%
57%
30%
56
Jan. 30 76*4 Apr.
Jan.
Jan. 31 195
44
16 %
79
50
15 %
....
63
38
110%
117%
59%
*
18
9
6
41
59%
24
15
93
77% 126
84% 126%
42
64%
23
30%
62% 70%
11
34% 54
28 85
114%
21
18% 39%
131
31 1 18
102
14 63
155
14 130%
27 96
130%
14 39% 52%
14
80% 96%
6 164% 190
28 ‘25% 43%
27 23% 26%
70
53
11
5
5
25% Jan. 14
39% Mar. 28
90% Mar. 9 110% Mar. 28
15
23 % Jan. 16
Feb. 24
32%
64%
21
35
51
§s%
37%
60
97% 126
37%
18
64
6 190
83
3
200
25% Mar. 8 37% Jan. 14 27% 57%
51 % Mar. 11
<57% Jan.
7 50
74%
142
Mar. 17 127
123% Feb. 21 137
17
1
110
100
Feb. 25 140
Mar. 9 40
Mar. 13 250
Mar. 11 263
24% Jan. 11
Jan.
Jan.
Feb.
Feb.
30% Mar.
26
Mar.
20% Mar.
3
8
43% Jan.
Mar.
8
02
34 % M ar.
Mar.
8
8
46% Jail.
66% Jau.
60
Jan.
43
106, %
31 %
80
68
! 1)8 % J an. 26 123
7;>% Feb. 24
26
Feb. 15
Jan. 19
34% Mar.
9
10% Feb. 15
Jan.
Jan.
Mar.
Mar.
Mar.
51% Jan.
17% Jan.
109% Mar. 13 111)% Jan.
43
Mar. 22
27 % Feb. 23
62 % Mar.
38% Jan.
54% Feb. 21
71% Jan.
31
60
38
60
65
Jan. 28
Feb. 17
Mar. 13
11,650
53%
2,421 102% Mar. 13 109 -2
37
Mar. 17
49%
2,000 128 Jail. 31 145
38
Feb. 23 45%
12,400
663
Jau.
6
8
3
20
44*4
28%
66%
15*4
3
75
Jail.
9
60 *a Feb. 11
Apr.
29% Mar.
20
*27 Ha
100% Jau.
9
135
23
Mar. 28
Mar. 30
21% Mar.
60
190
7,415
*135
61%
Mar. 6
Fei>. 25
56
24
85
Mar. 8
Feb. 17 173
67
168
16,340
M
40%
79%
17*4
80%
Mar. 23
19
49- Jan. 19
39% Jan.
26% Mar. 11
87 % Mar. 11 104% Jan.
22
Fob. 24
35% Jan.
579 119% Mar. 13 124% Mar.
Mar. 8
87% Jan.
9,000 54
46,978 128% Jan. 31 135% Jau.
104
Feb. 24 109% Jan.
34
Mar. 8 43 *a Jail.
82,260
107
74
173
Jan. 18
Feb.
8
73,850
63,500
l.Ot'O
33%
96%
129% 131%
30%
1
Jan. 23
Mar. 10
Mar. 7
Mar. 9
Jan.
4
41% Mar. 11
19
59
27 >2 27 Ha
123 Ha 123Ha
6 6 Ha 66*2
*105
37%
18
76*4
3,000
20
6L
28
28
28*4 124
123Ha 123*2 122*4 122*4
68*2 69 Hal
69
68
67**4 68 Ha
132 34 133*2! 13134 133*4 131*2 132*2
*105
*105
107
107
37 Ha
78
87Ha
80 Ha
81
1,075
27% Mar. 9 37*4 Jan. 14 32
65%
Feb. 23 120*8 Mar. 30 112% 135%
171,539 108
20
77*8
'52*i
141
141
140
143% 143% 140
94
94
94Ha
93Ha 94
94%
76
*75
76
74Ha 75*2 *75
131
129
*127
‘T27
*127
130
COAL and mining.
Consolidation Coal
Homestake Mining
IJttle Pittsburg Mining
Mariposa Land & Mining
79 *8
32*2
113%
5 l
20
5i‘
35 Ha
..
Adams
American
United States
Wells, Fargo & Co
20
31 **4
110
61
33*8
95 *8
27
28
124
il4%il5%'
Wabash St. Louis * Pacilic
20
8
50
..
Virginia Midland
Do
'3434
r
83
49
> 78
4934
..
.
Toledo Delplms * Burlington
Union Pacific
8
20
60
35 Ha
38
78*2
Do
pref
Ohio Central
Ohio & Mississippi
Do
pref
Ohio Southern
*8 114Ha
55
80 **4
<»
52
9L Hi
34
8
8 Ha
*87 *2
49
*15
Veb. 15
10
Mar. 1 110
76
Mar. 2 111% Jan.
11,767
9
86
61
Mar. 11
Jau. 14
1,800
2,501 127% Jan. 4 137 % Mar. 30
Mar. 8 48% Jan. 14
36
3,386
200
Milwaukee L. Sh. A West., pref
Minneapolis * St. Louis
Do
52**4
a2 -4
'34
Memphis & Chat .^ston
Metropolitan Pile
ted.
Michigan Central
Northern Pacific
78%
911-2
pref
,
81 Ha
33
'*
each Co
Manhattan
Marietta * c, oimiati, 1st pref.
Do
2d pref.
Do
80 Ha
33
113
41%
127% 142
82
95%
2,629
9*4 Feb. 13 21%.Tan. 7 18% 32%
131
63,120 116 % Mar. 11 128% Feb. 3 107
307,510 52% Mar. 14 74% Jan. 20 66
113%
83
Feb. 20
84
Jan.
9 76% 88
10
21
Feb. 23
16
Jan. 14
13
10,085
33
6,0'10
16% Mar. 8 26% Jan. 18 23
13 % Feb. 23
20
Mar. 21
33
114
Long Island
Louisiana* Missouri River
Louisville* Nashville
Louisville Now Albany * Chic.
Manhattan
6 135
135
Mar. 21 120
30
32*4 Jan. 18 25
45
70*4 Feb. 4
71%
90
85% Feb. 2 69
90
56%.Ian. 1(5 50
23
Mar. 25
16
40%
45
17 37*4 Jan. 4 31
13 97% Feb. 20 82 % 112
23
94% Jail. 14 80% 102%
Jan.
7 20%
9 26
33%
9
37% Jan. 14 32% 48%
9
23
26% Jan. 14
36%
156
11 135 % Fel). 8 127
Jan. 27 133% 182%
13 138
4 118 *4 Mar. 3ft 101% 129%
Mar. 28 116% 140
3 126
4 136
Fel).
136
2 117
145
Feb.
2 131% 147%
6
10 135
Jan. 13 129
148%
88
8 84
Feb.
1
40
23 39% Mar. 22 33% 51
24 106% Mar. 22 91
109%
97 % Feb.
44
Mar. 9
57% Jau. 14
74
84
Mar. 11
Jail. 14
133
Jan.
7 138*4 Apr. 6
70
Mar. 16 104
Feb.
2
500
75-\
138*4
Mar.
Mar.
29% Feb.
pref.....
Lake Erie & Westorn
Lake Shore
Mar.
Max’.
136% Jan.
68
83
*80
90
12*8
22
19% Mar.
300
100
972
415
124 12**4
12*4 12Ha
12*8 12*8
123% 124% *121% 124% 121
122
63 *4 66 Ha
60*4 06%
63*2 65%
*85
540
1,200 129
51
75%
74 % Mar.
86
Feb.
14,990
127% Mar.
1,812 127% Mar.
79,560 104% Jail.
1,300 119*4 Jail.
29,680 12 f Jan.
77
38
High
0
Jan.
Feb. 23
Feb. 23
Feb. 18
29% Mar.
168.605
•
102*4
138
13
60
80
44
15
5,3 4f»
80% 82%
91%
90% 91
23
22 Ha *22
34
*32% 34
24
23% 23%
131*2 *130
131%
133% *133
133%
113% 111% 112%
120% 119%120
190**8 128Ha 129*8
140*2
131
131*2 130
Jan.
Low.
Highest.
32*4 Jan. 18
300
105
200
200
36 7s 39
38**8
37**4 38%
101*8 103*4 101*2 103*2 101*4 103Ha
75
75
*137Ha 138*2
65
84
111% 113*8 112*8
120*4 120*4 120*4
12858 130*4 128’*8
139
131
*75
37
65
*70
49
35
91*4
*
12 7s
22*4
80*4
90**8
52*4
139
65
817s
91=8
133*4 134
111
113Ha
119 Ha 120
129
140
61
83 **4
78
*136*4 137
Illinois Central
43 Ha 44
Indiana Bloom’n A West., new.
Keokuk * Des Moines
,
Lowest.
100
“JO
91
Do
Do
Shares.
*131
135
80Ha
131%
83
12 Ha
22
East Tennessee Va. * Ga
Do
23
32 Hi
25
131 Hi *31%
141
141
53
5178
131*8 131*8
134*8 134*8
112% 1137e
Chicago A Alton
Chicago Burlington A Quincy..
Chicago Milwaukee & st. Paul.
Do
53%
80%
91%
Chesapeake A Ohio
do
Friday,
April 7.
......
Burlington Cedar Rapids <fc No.
Canada Southern
Cedar Falls A Minnesota
Central Iowa
Central of New Jersey
Central Pacific
De
Wednesday, Thursday,
April 5.
April 6.
Tuesday,
April 4.
Range Since Jan. 1, 1882. Year 1881.
Sales of
the Week,
STOCKS.
17 130
5
35
99 %
7
15 122
22 22
22
17
16 39
16 85
25 39
26 aa
;7 90
29 26
27 70
20
88%
14 41%
7 15
16 105%
24
14 33%
14 64 %
Feb. 1 4
Feb. 20
Mar. 30
Feb. 20
146
80
171
174%
50
50%
77%
143%
55
81%
115%
42%
89%
113%
73%
38
131%
60
96%
74%
73%
31
53
35
67
89% 115%
49
190
Jau. 10 30
Apr. 5 134
Feb. 3 39
62%
151
Jan. 18 120
Feb. 23 145
1
Jan.
3
4%
%
% Feb. 2
92
76 % Mar. 11 93 *8 Mar. 28 77
122
153
Mar. 15 149% Jan. 10 120
Feb. 18
97% Feb. 25 62% 98
72% Mar. 8 80% Jan. 26 51% 79
142
125
Feb. 24 130% Jan.
5 112
139
90
'
~
Maryland
*30
17%
*■2
31
*30
17%
2*4
Coal
Ontario Silver Mining
Pennsylvania
Coal
*35
31
*17Ha
*2
18
2%
17 Ha
17*2
*35
35Ha
245
.
Quicksilver Mining ’
a.
Do
pref
*30
.
Cameron Coal
Central Arizona Mining
Deadwood Mining..
Excelsior Mining
..
New'Central Coal
Robinson Mining
silver Cliff Mining
".torniont Mining
*
These
are
the prices
!.
18%
18%
34 Ha
%
*6
34 %|
K
19%
34Ha
2%
*3%
*”3%
17%
2%
35%
*17%
*2
35*4
18
2*8
35*4
450
12*8
56
56
19%
19%
2%
1*8
6%
2%
57
19%
50()
1,640
900
*1
*6
was
made at the Board.
Jan. 25
15*4 Mar.
33
240
6
1*8
7
1,000
Mar. 23
Jan. 11
27% Mar. 28
% Mar. 21
5
301)
16
100
t Ex 25 per cent new stock.
55
14
2% Mar. 27
30
14
1%
2 % J an. 25
26
Jan. 20
%
17%
36% Jan. 16
19% Feb.
4
43
29%
8
35
38%
Jau. 16
35% Mar. 30 32%
254
Jan. 16 240
Jan. 17 245
11% Feb. 27
*11%
56
19
29% Mar. 11
15% Jan. 17
1% Mar. 1
2
100
250
18
3*4
bid and asked—no sale
2%
31
245
*1
*6
1*8
*16
3*4
19%
34%
--
Z -*4
*35
*11%
*HHz
%!
6%i
*2
r
,
standard Consol. Mining
17%
35%
,245
*11*2
*29
Jan
5
*4 Jan. 17
Mar. 14
2*4 Jan.
9
2
Mar.
1 io Feb.
2
6
14*4 Jan. 14
62% Jan. 19
19% Apr. 5
37
Jan. 12
1 % J an.
4
6% Fel). 3
2% Apr.
20
4
t Lowest prioe is
4
J an.
9
Jan. 28
2% Jan.
5
1 io Fel>.
6
ex-lividiii L
12
53
21%
75%
17%
27
25
45%
7
14
1
4
%
18
2
7
25%
13%
2%
7
1%
4
THE CHRONICLE.
402
QUOTATIONS
OP
STATE
AND
RAILROAD
BONDS
STATE
Bid.
SECURITIES.
Ask.
Alabama—
81*2
Class
Class
Class
A, 3 to 5,1906....
A, 2 to 5, small—
B, 5», 1906
Class C, 4s, 1906
6s, 10-20s, 1900
Arkansas—
Carolfnar—6s, old, J. AJ.
6s, old, A .A O.
No. Carolina Rlt., .T.A.T.
85*4
6s, due 1882
26
33
As, funded. 1899-1900...
26
28
78, L. Rock & Ft. S. iss.
27
7s, Memp. A JL.Rock HR
20
7s, L. R.P.B.AN.O. RR
18
22 *..
7s, Miss. O. A R. R. RR.
7
15
78, Arkansas C< nt. Rlt.
Connecticut—6 s, 1883-4.. 102 *2
106
Oeorgiar—6s, 1886
108 *<2 109
7s, new, 1886...-.
108 *a!
78, endorsed, 1886
,
114
115
7s, gold, 1890
Louisiana—
63
64 ^
7s, consol., 1914
58
7s, small
Do
or
110
Do
New York—
6s,
6s,
6s,
6s,
6s,
Gsj
do
ioi"
m..
100
114
Income 7s, 1883
Sinking fund, 6s, 1903..
Joliet A Chicago—1st ni.
La. A Mo.—1st in., guar.
2d inert., 7s, 1900
St. L. Jack. A Cli.—1st m
6s, 1920..
AND
91
82
j
1
48
125
v
......
2d
guar.
......
75
90
......
t95
95
99 34
128
......
1st, consol., fd. cp., 7s.
2d, consol., fd. cp., 5s.
78
District of Columbia—
3-05's. 1924.
Small bonds
109*2
N. O. Pac.—1st, Gs.g., 1920
Norf. A W.—G.l.m..Gs.1931
Ohio A Miss.—Consol, s. f.
\
2d
consolidated, 7s,1911
lstm., Springfield Div..
Ohio Cent.—1st, Gs, 1920.
1st in., Ter’l Tr., Gs, 1920
1st Min’l Div.—Gs, 1921
Ohio So.—1st M., Gs, 1921.
Oregon ACal.—1st,Gs,192 (
Panama—S. F. sub.Gs, 1897
Peoria Dec. A Ev.—1st. Gs
Evans. Div.,1st, Gs. 1920
Buf. A S. W.— M.» 8,1908
10()*a Ev. A T. IT.—1st cons., 6s 190
115 *2 ’ FrtAP.
Marq.—M.6s. 1921 till
G al. If ar. A s. A n t ’o—1 s t, 6s *103
2d mort., 7s, 1905
*107
82
G. BavW. A St. P.—1st. Os
117
Cult Col. A S. Fe—7s, 1909
118
105
llan. A St. Jos.—8s, conv.
......
112
104
109
85
109
..
Pi.;:#'
133
110
94
135
133
116
Cairo Div.—5s,
......
50
tib2
Tol. A
100
8G:b
103
|
87
103
.
*86
......
100
92
...
105
1<>2.
1 Lo
-*2
..j..
J
i
......
104
......
102 4
»
j
......
|
112
109 *2
128"!
98
98
105
104
111
107*4
INCOME BONDS.
(Interest payable if earned.)
Ala. Cent.—Inc. Gs, 1918
Atl. A Pac.—Inc., 1910..
Central of N. J.—1908....
Chic. St.L. AN.0.-2(1,1907
Lake E. AW.—Inc. 7s,
’99
Sand’ky Div.—Inc., 1920
Laf.Bl.AMun.-Inc.7s, ’99
Mil. L. S. A W.—Incomes.
Mob. AO.—1st pref.debon.
2d pref. debentures
......
......
3d pref. debentures
4th pref. debentures—
N.Y.LakeE.A W.—Inc.6s.
105
......
99
N. Y. P. A
G634i Ohio Cent.—Income, 1920
Min’l Div.—Inc. 7s,1921
Ohio So.—2d Inc., 6s, 1921
96*4: Ogdensb.AL.C.—Inc. 1920
......
Peoria D. A Ev.—Incomes
Evausv. Div.—Inc.,1920
Rocli. A Pitts.—Inc., 1921
S. Caro.lt’y.—Inc.,6s,1931
St. Louis I. Mt. A So.—
138
135
1st, 7s, pref.. int, accum.
2d, 6s, int. acc’mulative
130
128
114
1
120
Plain Incomo 6s, 1896..
Sterling Mtn. R’ylnc.,’95
St.L. A.AT.II.—Div. b’mls
Tol.Del. A B.—Inc.6s,1910
Dayton Div.—6s, 1910..
116
!
109
■j Miscellaneous
Col. A Green.—1st,6s,1916
103
92
t
2d, 6s, 1926
Del. i. A W.—7s, conv. ’92
{128
7s, 1907
Syr. Bing. A N. V.—1st,7s 118
Morns A Essex—1st
2d mort,, 1891
m.
Bonds, 7s, 1900
7s of 1871-1901
lstm..consol., guar..7s
Del.AH.C.—lstm.,7 s,13S4
1st mort., 7s, 1891
1st mort,, ext,, 7s. 1891.
1st mort,, coup., 7s, ’94.
1st mort., reg., 7s, ’94...
1st, Pa. Div., cp.,7s, 1017
Keg., 7s, 1917
Alb. A Susm—1st m., 7s
2d mort., <s, 1885
1st,cons., guar.7s,1906
J
!
Mort.
"rt
!
6s, 1909
Coupon, 5s, 1931
9G
Jack. Lan.A S—Gs, 1891
90
122-J
115*2
......
,
Cons*, assented, 1904-6.
2d mort., income, 1911..
If. A Cent, Mo.—1st,*90.
Mobile A O.—New m.. 6s.
Collar. Trust, 6s, 1892.
82
104*2 105
04 *2 07
105
110
......
.....
-
..
K
j
i£
.
.
‘Prices nominal.
Ms?
And accrued interest.
1 No price
......
1st, Dayt. Div., Gs, 1910
1st, Ter’l trust, Gs, 1910
iVrg.Mid.—M. inc.,Gs,1927
Friday—these
are
92
115 *4
.
Va. State—New 10-40s;..
Atl. A Gulf—Consol.7s,’97
Atl.A Charlotte—1st, 7s..
Stock
Car. Central—1st, 6s, 1920
Cefit. Ga.—Consol, in., 7s.
Stock
Chic. St.L. AN.O—5 s, 1951
Cin.Iml.St. L. A C.—1st,6s
Gal. H. A Hem—7s, g.,1902
,
.
109*4
108*2
109
107
118
95
”97"
101
112*2
53*2
75
ibb*
.
109
80
Georgia Railroad—7s
Kansas A Neb.—1st mort..
2d mort
107
100*4
120
110
Long Island—1st mort..
107
N.Y. AG’nw’d L.—1st,7s,u
2d mort
.
Memph.AChar.—1st,cons.
1st, consol., Tenn. lien..
N. O. A Jackson—1st, 8s.
105*4
Certificate, 2d mort.. 83.
Northeast,,S.C.—lstni.,Ss
90
110
90
86
78
75
49
"27“
69
60
******
...*
85
53
65
*46
*56*3
*78
....
-
.-‘•mo
75
80
84
50
......
39
"b6“
'46"
■32" "34“
80*
41*2
{47
94
85
47
52
97
37*2
16
*15
List.
(Broker's Quotations.)
Income, 6s
102
78
Gen.e.r’vA l.g.,5s,1931..
St. L. Alton A 1'. H.—1st m.
116
2d mort., pref., 7s, 1894.
100
2d mort., income, 7s, ’94 *
BellevilleAS. Ill.—lstm.
St. P.MinmA Mam—1st,7s 109*4
2d mort., Gs, 1909
105
Dakota Ext.—Gs, 1910
100*4
St, P. A Dul.—1st,5«.l 931
100
So. Car’a It’v—lst,Gs,l920
96
2d, Gs, 1921
'
*85
Tex.Cem—1st,s.f.,7s, 1909 108
Tol. Del. A Bur.—Main. Gs
..
115*8
124
2d, 6s, 1901
Rens. A Sar.— 1st, coup.
N. Y. Central—Gs, 1S83
104*4
1
st
mo:
t,
ret..
1U9.'
1st moit., reg.. 1921 *.[
110
6s, 1887.:
■
Denv. A RioGr.—1st, 1900' 112*o 114 '
6s, real estate, 1883
1*104
1st, consol.. 7s, 1910....I 103*2 104*4!
6s, subscription, 1883.. 1*104
p*»nv. SmP A
3T.7Q j(3-V104 I
N. Y. C. A H.—1 st
i 133
job *2
...
...
Iowa Ex.—1st, 7s, 1909.
111*6
2d mort 7s, 1891
S’tliw. Ex.—1st, 7s,1910 *108
!
Pac. Ex.—1st, 6s, 1921.
*95
Mo. K. A T.—Gen.,con., 6s
81
J
121*2
; 113*2
105
90
100
115
90
100
Inc., 1900
Scioto Val.—1st, cons., 7s.
St. Louis A I. Mount.—1st
2d mort., 7s, 1897.
Arkansas Br.—1st mort.
Cairo A Fulton—1st m..
Cairo Ark. A T.—lst m.
......
!
122 *-'
105 !*« 106
114
115
115
115
121 *2
98
97
97
Registered, 5s, 1931
120 ( Mil. ANo.—1st,4-5-68,1910
135*2 136 *2' Mil. L.S.AW.—1 st 6s. 1921
114 *2
J Minn.ASt.L.—1st 7s,1927
126"
.
......
Rich. A All’g.—1st,7s,1920
Rich. ADan v.—Cons.g., 6s.
Atl. A Ch.—1st, p.,7s, 1897
123
118*2
Tex. ASt.L.—L.g.,inc.1920
;
.
Equipm’nt bonds, 8s,'83
120
100
94
St’gl.AR’y—Ser.B.,inc.’94
......
4
......
O.—lstinc.ac.5-7
8134‘
......
*
1904
Spring Val. W.W.—1st, Gs
Oregon RR.ANav.—1st, Gs ibs"
Lehigh A W.B.Coal—1888
115
102
......
E.Ill.—1st,s.f.,cur.
V
306
110*8 111
Bet. Mack. A Marq.—Inc.
48
E.T. Va. AG.—Inc.,68,1931
Eliz.C. ANo.—2dlnc.,1970
G’ BayW.ASt.P.—2d,Inc.
lud.Bl.A West.—Inc.,1919 *
Iml sDec.ASpr’d—2d inc. *
Trust Co. certificates...
"8*6"
Int. A Gt. North.—2d Inc.
2d assented, 6s, 1909....
*80
104*2
......
......
ioi”
Chic. A E. Ill.—Inc., 1907 t
110*2 I)es MAFt.I).—1st,Inc.,6s
......
......
T -
Naples—1st, 7s
Chic.St.P.AM.—L.g.ine.Gs
......
...
X
Han.A
Col.Chic. AI.C.—Inc.7s,’90
......
...
58
118*2 Cent, la.—Coup. deb. corts.
......
......
112
4
1900. reg
N.W. Telegraph—7s,
...
..
111
W.—1st, ext.,7s
St.L.K.C.AN.—R.e.,7s
Oin.Diw—1st mort., 7s
Clarinda Br.—6s, 1919.
St. Clias. Br.—1st, Gs..
No. Missouri—1st, 7s.
West.U. Tel.—1900, coup.
98
93 *2
97
91
....
...
82 *a
...
!
121
......
-
!!!!!! "93'*
95
Consol., conv., 7s,1907
99*2
Gt. West.—1st, 7s. ’88. *10834
2d mort., 7s, 1893 ... 105 ;t8 105*2
105
Q. A T.—1st, 7s, 1890. *102
Ill.AS.L—1st, 7s, 1882
7 • • • • 101
81
118*8
118*8 118*3
120
119*3
120
95
92
...,
Equifun’t bonds,7s, ’83
I
118
......
.
108
89
......
100*4 100*3
.
.
1931.
82
82*3
1st, St. L. Div., 7s,1889 *103*2 10434
2d mort,, ext., 7s, ’93..
104*2
......
*95
......
.
82
......
......
Wabash—Mort. 7s of ’09
......
•'
;aI'
small
registered..,..
Ind’polis Div.—Gs, 1921.
Detroit Div.—Gs, 1921..
117
......
1
|
,
-
*
*
Do
Do
j W. St. L. A P.—Gen. in., 6s
Chic. Div.—5s, 1910
110 *a
Hav. Div.—Gs, 1910
94*2
Tol.P.AW.—1st, 7s,1917
Iowa Div.—Gs, 1921
......
Consolidated 7s, 1898...
i
*2j
■V
Funding 5s, 1899
1
SECURITIES.
106 >4
Registered
i
Registered Gs, 1921
......
......
(564), 7s,’94
in.
j
80
100
Consolidated 6s, 1911...
(360). 7s, 1898
iroufl.AT.-C.— 1st., l.grf.7s Ill
Pac. HRs.—C.Pac.—G..6s. 1 la *4
2d, guar. (188), 7s, ’98
1st mort., West. Div., 7s 10734 108*2
San Joaquin Branch.. 107
Miss.R.Br’ge— 1st,s.f. Os
115
C. B.AQ.—8p.C., 1st in..’83 ioi" io5
1st mort., Waco A N., 7s til 2
Cal.A Oregon—1st m._ 101*4
|
Consol mort,, 7s, 1903.. *I2G34 127
State Aid bonds,7s,’84 *
2d, consol., main line, 8s 120
i
Land grant bonds, Gs. 104
6s, sinking fund, 1901..
2d, Waco A N., 8s. 1915
100
i
Iowa I)iv.—S.F.,5s,1919
Gen. mort., 6s, 1921
West. Pac.—Bonds, Gs 110
86
100
Iowa Div.—S.F.,4s,1919
j So. Pac. of Cal.—1st, Gs.
IIous.E.AW.Tex.—1st, 7s HOI
110
C. R.I.A P.-6s,coup.,1917 127
111.Cent.—Dub.A S.C., 1st t
Union Pacific—1st mort. 217
127
112
Dub.
A
S.
Land grants, 7s, ’87-9.
6s, 1917, registered
C., 2d Div., 7s
i
Keo. A Des M.—1st, g.,5s *10234 103*4
Ced. F. A Minn.—lstm. 112
Sinking funds, 8s, ’93 117 hi
.!
Central of N.J.—lstni./SK) 115*4
Ind.Bl.A \V.—1st, pref., 7s
Registered 8s, 1893... *116
*
90
89
1st consol., assented, ’99 till *2
1st mort., 3-4-5-Gs, 1909
Collateral trust, Gs—
1 2d mort., 3-4 5-6s, 1909.
74
70
Kaus. Pac.—1st, 6s,’95 110
Conv., assented, 1902... 116*4
111
1st m., Gs, 1896
Indianap.D A Spr.—1st,7s 100
Adjustment, 7s, 1903... 106*4
104
104
*-2
75
Len.AW B.—Con.g’d.as.
2d, 5s, 1911
Den.Div.,68,ass’d,’99 109*4
93
97
10G
Am. D’k A Ini.—5s, 1921
106*2
*fc
1st cons., 6s, 1919... 103 *.3
Int.AGt.No.—1st, 6s gold
85
C. M. A St. P.-l st,8s, P. I). {132*2 134
Ct.Br. U.P.—F.co.,78,’95 100
Coupon, 6s, 1909.
121
A tv>li ('
P ..1 at. fin 1
2dm., 7 3-10, P. D., 1898 119
Kent’ky Cen.—M.,6s.1911
Lake Shore A Midi. S.—
At. Jew. Co. A W.—1st,6s
lstm.,78, $ g., lt.D.,1902 120
111
1st m., LaC. Div., 1893.. 119
Mich. So. A N.I. s.fd. 7s t
Utah So.—Gen., 7s, 1909 +••••••
1
Cleve. A Tol.— Sink.Id.. {107*4
lstm., I. A M., 1897.... 119
1
119
107
1st m., I. A D., 1899
New bonds, 7s, 1886..
Mo. Pac.—1st consol., 6s *103
lstm.. C. A M.,1903.... 120
Cleve. P. A Ash.-78— 112
3d mortgage, 7s, 1906. *110
120
1
122
119
Consol. 7s, 1905
Butt*. A Erie— Newbds.
Pacific of Mo.—1st, 6s
*107
1
100
100
2d mort., 7s, 1884
113
Buff. A State Lice- 7s..
2d mort., 7s, 1891
119
Ill
Kal.
A
W.
tio^
1st, 7s, I.A D. Ext.,1908
St. L.AS.F.—2d, 6s. cl.A 100
Pigeon—1st.
123
S. W. Div., 1st, 6s, 1909. 106
Det.M.A T.—1st,7a,1906 1121)
90*2
3-6s, class C, 1906
93
95
91
1st, 5s, La.A Dav., 1910.
Lake Shore—Div. bonds 118
3-6s, class B, 1906
1st S. Minn.Div.,6s,1910 104*4 104 7e
1st, 6s, Peirce C. A O.
Consol., coup., 1st., 7s 126*2 128
lstm., H. A D., 7s, 1910 114*2 115 j
Consol., reg., 1st. 7s... 125
Equipment, 7s, 1895..
Ch.A Pac. Div., 6s, 1910 108*2
So. Pacific of Mo.—1st m 104 *4
Consol., coup., 2d, 7s.. 124
93
94
124
1st Chic. A P. W.,5s,1921
Consol., reg., 2d, 7s ...
Tex. A Pac.—1st,6s, 1905
Min’l Pt. Div., 5s, 1910
Long Isl. It.—1st, 7s,l«98 116*2 118
Consol., 6s, 1905 ....... *
117
C.A N.west.—S.f, 7s, 1885 i06*s
66 *4
Louisv..A N.—Cons,7s,’98
Income A I’d gr., reg.
Interest bonds, 7s, 1883 105
2d mort., 7s. gold. 1883.
1st,Itio G.Div.,68,1930
SlSg
132
Consol, bonds, 7s, 1915.
Ceciliau Br’cn—7s, 1907 100
Pennsylvania RR—
Extension bonds, 7s, ’85 tl05 *2
95 *3
Pa. Co’s guar. 4*2S 1st c.
N.O.AMob.—l.st,6s,1930 *92
1107 5a ::::::
1st mort., 7s, 1885
Tie wintered
Iffoi
97*4
E. H. A N.—1st, 6s, 1919
100
Gen’l mort., 6s, 1930.
Pitt.b.ASt.L.—1st c., 7s
Coupon gold, 7s, 1902... 125*2 128
1
1124
102
Pensacola Div—6s, 1920
1st reg., 7s, 1900
Reg., gold, 7s, 1902
1
108
St, L. Div.—1st, 6s. 1921 105
Sinking fund, 6s, 1929..
2tl, 7s, 1913
i
16
52
*50*2
*2
2d mort., 3s, 1980
Sinking fund, reg
Pitts.Ft.W.ACh.—lstm 137
98*2
Nashv. A Dec.—1st, 7s. *115
2d mort,, 7s, 1912
Sinking fund. 5s, 1929..
*
98
102
S.A
Sinking fund, reg
3d mort, 7s, 1912
N.Ala,—S.f.,6s,1910
t;
f
Iowa Midl’nd—1 st in., 8s 118
Leban'n-Know—6s, 1931 *101*4
Clev.APittsb.—Cons.,s.f 127
Peninsula—lstm., conv. 120
L’isv.Cin. A L.—6s, 1931
4th mort., 6s, 1892....
119
104*2
122
L. Erie A W.—1st, 6s,1919
Chicago A Mil.—lstm..
109
Winona A St. P.—1st m.
100
i<)9*2> Sandusky Div., 6s, 1919.
2d com, 7s, 1909
2d mort,, 7s, 1907
126
104
Laf. Bl.A M.-1st, 6s, 1919
1st, Tr’t Co. ctfs., ass’d t
Mil.A Mad.—1st, 6s, 1905
103
Louisv.N.Alb.AC.—li
I08**a
2d, Tr’t Co. ctfs., ass’d
C. C. C.A Ind’s—lst,7s,s. f. trio"
91
Manliat.B’ch Co.—7s,1899
1st,Tr’t Co. ctfs., s up pi. iio
126
Consol, mort., 7s, 1914.. 125
l
N.Y.A M.B’h—lst,7s.*07
St L V AT H
1st g 7s *112
120
■ Marietta A
C St.JL.AN.O.-Teu.lien,7s 118
2d
Cin.—1st, 7s..
mort., 7s, 1898-....
118
1st in., con., 7s, 1897
120 I
1st mort., sterling
2d im.guar.. 7s, 1898. *107
C. St, P.M.A O.—Cons., 6s 102
102
Pits. B’d.AB.—lst.0s,19i 1
Metrop’lit’u El.—lst,190r 100
C.St.P.AM.—lst.Gs.1918 112*2
9G
97
2d mort., 6s, 1899
87
Rome W.AOg.—Com, 1st.
l
No. Wise.—1st, 6s, 1930.
Trust Co. certificates...
85
Midi.Cent.—Con.,7s, 1902 127*2 128
iib"!
109*4
1st mort., 8s, 1882, s. f..
St.P.AS.C.—1st, 68,1919
101*2 102
Rocli.A Pitt,—1st,6s,1921 *100
1
92 *2
Chic.A
1st,
non-fundable, 1888.. )
1893
Tennessee—6s, old, 1892-8
6s, ne w, 1892-8-1900
6s, new series, 1914
Virginia—6s, old
6s, new, 1866
)
6s, new, 1867
6s, consol, bonds
6s, ex-matured coupon..
6s, consol., 2d series
i
6s, deferred
Brown consol’n 6s,
7
7
80
1910
N. Y. Cent.—Continued—
1st mort., reg., 1903 ..
Hulls. R.—7s, 2d, s. f.,’85
Canada So.—1st, int. gu.
Harlem—1st m., 7s, cp..
1st mort., 7s, reg.,1900
N. Y. Elev’d—1st, 7s, 1906
N. Y.Pa.AO.—Pr.l’n,6s,’95
NY CAN
Gen 6 s 1910
N.Y.A New Eng.—1st, 7s.
1st m., 6s, 1905
Nevada Cent.—1st in., 6s.
N. Pac.—G.l.gr.,lstcou.6s
114
......
&
class 2
class 3
MISCELLANEOUS
......
| 101 }
til 2"
Do
Do
Consol. 4s,
Small
Ohio—
Ask.
6s, Act Mar. 23,1869 >
7*2
Special tux, class 1, ’98-9
•
92
ioi
3d mort., 7s, 1883
4th mort., ext’d, 5s, 1920 105*2
5tli mort.,ext., 7s, 1888. mo
120
1st,consol., gold, 7s,1920 126
Long Dock bouds,7s, ’93 115
Butt.N. Y.A K.—1 st.1916 124*2
94
N.Y.L.E.AW.-New2d,G
108*2!
99
119
A. AO.!
Do
......
47*-!
bonds, J.&J., ’92-8
Chatham RR
......
81*2
Mortgage, 6s, 1911
Chicago A Alton—1st
1st mortgage,
*
102
111
105
...
BONDS
Eliz.Lex.A Big S’y.—6s...
100*2 Erie—1st mort., extended.
2d mort., ext’d 5s, 1919.
I
120
1868-1898.
Do
New
Bid.
South Carolina—
6s, coupon, 1893-99
Eliz.C.AN.—►S.F.,deb.c.6s
55
100
coup,
r.mip.
6s, 1886
97*2
......
50
-
28
28
135
135
115
115
10
10
18
18
4
Rhode Island—
too"" ’95"
Railroad Ronds.
.....
r
11034
112*a
gold, reg., 1887
gold, coup., 1887
Yuan, 1 88?f
loan, 1891
loan, 1892
loan, 1893
Dot.Mack. A Mai q.—IstOs
Land grant 3*28, S. A...
E.T. V a. A< 1 a.—1 at7 s, 1900
-1st cons. 5s
Divisional 5s. 1930
Balt.AO.—1st, 6s, Prk.Br. *106*4
off, J.&J.
off, A.AO.
Funding act, 1866-1900.
T)n
114
110*o
106 ~ 110
105
109
SECURITIES.
SECURITIES.
i
(Stock Exchange Prices.)
6s, gold, ser. B, int. def.
6s, currency, int. def
’87.
A.AO
Do
107*2
6s, due 1887
6s, due 1888
6s, due 1889 or 1890
Asyl’m or Univ., duo ’92
Funding, 1894-’95
Hannibal A St. Jo., ’86.
RAILROAD
Char. Col. A Aug. -1st, 7s
Cheasp. A O. -Pur.m’v fd.
6s, gold, series A, 1908.
1883
6s, due 1886
....
......
C.Rap.Ia.F.A N.—1st. 6s
Central Iowa—1st, 7s,’99
200
Ask.
Bid.
N.
7si 1890
,
Boat. H. A E.—1st inert..
Bur. Ced. R.A No.—1st, 5s
Minn. A St. L.—lst,7s,gu
Iowa C.A West.—1st, 7s
SECURITIES.
Missouri—
84*8
100 ”
MISCELLANEOUS
AND
BONDS.
Ask.
Michigan—
6s, 1883
82*2
82
98
Ala. Central—1st, 6s, 1918
Atch. T. A S. Fe—4 *2,1920
Atl’c & Pac.—1st,6s, 1910
Bid.
SECURITIES.
[Vet. XXXIV.
2d mort., 8s
St,
Joseph A Pac.—1st m.
2d mort
St, Jos. A West’n—Stock.
Tex. A St, L.—1st, 6s,1910
Western* N. C.—1st. 7s...
latest quotations made this week.
43
-44
ibs” nir
97
75
100
90
111*2 115
115
110
102
100
95
X4
ArmiL
THE CHRONICLE.
8,18fc2.]
New York Local Securities.
Price.
COMPANIES.
Marked thus (*) are
l£eri&W.;ge.-.
126*
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
80
50
75
100
100
25
100
100
50
Central
Chase
Chatham
Chemical
Citizens
—
Commerce..
Fifth Avenue*
First; r
Fourth
Fulton
offan
American*^
German Exchange*.
Germania*.
Greenwich*
S?.°»ndi'r'aderi1:."
£&cn,*\v.:u::::
Leather Manul trs
•
.
Mechanics’
Mechanics’ Assoc n.
Mechanics’ &Tr drs
Mercantile
Merchants’....
Merchants’ Exch’ge
••••••
Metropolis*
Metropolitan
250
• •
•
•
150
125
•
•
163
....
••••••••
North America’
North River*
Oriental*
Pacific*
Park
People’s’
Phenix
Produce*..
Republic
Bt. Nicholas
Seventh Ward
Seoond
Shoe and Leather...
Sixth:
State of New jyy*
York..
Third
•
Tradesmen’s
Union
United States
West Side*
•
Bowery
Broadway
Brooklyn
Citizens’
Clinton
Columbia
Commercial
Continental
Eagle
Empire City
Exchange
Furrtt^Uo
«•••*«••••••*
Franklin & Emp....
German-American..
i23
124
Germania
Globe
*
*
*
Greenwich
Guardian
Hamilton
Hanover
Hoffman
*
90
'
133
240
*
Home
260
Howard
Importers’ & Tr’d’rs
Irving
Jefferson
...
’ Kings
County (Bkn.)
Knickerbocker
147
142
...
•
•
ioo
•
Lafayette (Br’klyn).
•
Lamar
ico
100
98
Lenox
Lonir Island
....
i30
132*
16?
100
100
100
100
100
100
70
80
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100
Nassau*
New York...
New York County...
N. Y. Nat’l Exch’ge.
Ninth
50
KMT
25
25
17
20
70
100
30
50
100
40
100
30
50
17
10
100
100
50
60
25
100
15
50
50
100
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50
Firemen’s
Firemen’s Trust
....
....
Murray Hill*
American
American Exchange
City
100
100
25
50
25
100
50
50
100
100
Market......
—
i26
50
100
50
Manhattan*
Marine
•
155
100
100
Bid.
Ask.
140
100
200
180
150
....
1 Nassau (Brooklyn)..
...
National
Now York
New York
New York
New York
U3
...
i.30
161
i04
•
35
100
100
100
50
25
25
100
20
50
50
50
100
25
50
100
100
25
25
25
10
50
Fire
& Boston.
City...
North River
157
•
37*
Equitable
Niagara
lfO
•
Lorillard
Manufac’rs’ A Build.
Manhattan
Mech. & Traders’...
Mechanics’ (B’klyn).
Mercantile
Merchants’
Montauk (Brooklyn)
—
99
145*
(B’klyn)
ioo*
133*
•
125
Pacific
Park
Peter Cooper
Phenix
Relief
i.29
•
•
•
•
....
L03
.
.
....
150
120
90
225
220
85
100
117
85
105
110
199
145
120
270
65
117
145
75
145
108
80
61
145
200
55
no
70
70
100
60
no
75
130
no
70
115
no
150
no
Conn. & Passnmpslc, 76
Ci nnott^n Val ey. 7s ..
120
!85
195
lit)
140
70
75
140
115
75
53
L25
75
L25
115
116
148
80
80
155
125
90
00
133
85
130
125
200
16
80
186
100
100
350
Par.
*25
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn)
do
bonds
Harlem
Manhattan
Metropolitan
do
bonds
do
bonds.
Nassau, Brooklyn
do
scrip
New York
or
2,000,000
1,200,000
315,000
100
10
1,000
Yar.
New York
50
50
,
Williamsburg
do
bonds.....
1,000
Metropolitan, Brooklyn
Municipal
20
1,C00
Va\
People’s (Brooklyn)
Bonds
Bonds...:
Central
Amount. Period
Yar.
Var.
A.&O.
F.&A.
J.&J.
J.&J.
5
100
100
.
do
boud8
Fulton Municipal
105
64
110
96
Feb., 78
170
Jan., ’82 166
Apr., ’82 x23G 235
Feb., ’82]l62, 165
llOfr 109
Ap’\, *82 x96
97k
1882
104
105
65
Sept., ’81 iO
95
Nov., ’8‘ 90
1898
8
7
5
8
3
l*
f*
k Nov.,
M.&N.
M.&N.
J. & J.
M.&N.
Yar.
F.& A.
700,000
4,000,000
1,000,000
375,000
125,000
466,000
1,000,000 Quar.
1,000,000 A.& O.
1,000,000 M. &N.
3,000,000
4
’81 124k 125k
30
3k Jan., ’76 25
7
6
3
1S97
105
1900 &c 90
dan., ’82 65
'* Feb.. ’82 55
6
1900
107
95
75
65
101
£6
205
110
90
101
2* Jan., ’82 50
6
Mar.,’81:200
750,000 M.&N.
„
Nov., *81
Jan., ’82
U>9
62
105
94
6
’ioo 1,500,0001....
188S
1105
I 85
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bleecker St. & Fult. Ferry—St k
1st
mortgage
•••••
Broadway & Seventh av.—St
1st mortgage
Brooklyn City—Stock
1st mortgage
k
1,000
100
1,000
10
••••
Broadway (Brooklyn)—Stock
100
Brooklyn Crosstown.—St’k....
1st
..
1,000
100
100
mortgage bonds
Bushwick Av. (B’klyn)—Stock. 1,000
100
Central Pk. N. & E.
mv
—Stock
100
900,000 J. & .T.
694,000 !J. & J.
2,100,000 I Q-J.
1,500,000 J.&D.
2,000,000 £ *5
300,000 M.&N.
200,000 Q—r.
400,000 U-J.
300,000 Q-J.
500,000 J. & J.
■
1
f
1
*
H Jan., ’82
1
|J’ly.l900il05
Apr., V2.142
l.lune ’84!;03*
3* Feb., ’82 215
7
,
2
7
1
mort. bonds..
1,000
112
148
1C 4*
220
no
180
170
105
125
142
119
100
110
1
7
3
2
Apr.. ’82
150
7
1888
102
102
Am\, ’b2 170
2* Jan., ’32 120
2
Apr. ’82 138
Q-J.
Dec.1902 116
1,200,000 .7. & D. 7
F.&
A.
2* Feb., ’82 00
650,000
Bonds
1SW3
1O0
250,000 J. & J. 7
Dry Dock E.B.& Batt’ry-Stock 1,000
100
Q-F. 4
Feb., '82 230
lstmortgage, consolidated 500&C 1,200,000
900,000 J.&D. 7
June, ’93 115
Eighth Avenue—Stock
100 1,000,000 Q-J.
3
Apr.,’82 2C0
lstmortgage
J.
&
J.
7
1,000
’8i 100
.Jan.,
203,000
42d St. & Grand St.
100
Ferry-St’k
748,000 M.&N. 6
Nov., ’81 2C0
lstmortgage
1,000
236,000 A.&O. 7
Apr., ’93 110
Central Cross Town—Stock
100
65
600,000
1st
mortgage
7
NOV.1901
105
200,001» M.&N.
Houst.West st.&Pav.F’y—St k 1,000
100
60
250,000
lstmortgage
500
500,000 J & J. 7 ‘ July. ’94 105
Second Aveuue—Stock
100 1,199,500 J.&J.
4
Jan., '82 145
3d mortgage
1,000
Apr., ’85 103
150,000 A.&O. 7
Consol, convertible
1,000 1,050,000 M.&N. 7
Nov., ’88 168
Extension
500&C
7
M.&S.
200,000
Sept.,’83 145
Sixth Avenue—Stock
100
750,000 M.&N. 5
Mar., ’82 250
lstmortgage
1,000
500,000 T. & J. 7
July, ’SKljllO
Third Avenue—Stock
100 2,000,000 Q-F.
5
Fe :>. ’82 200
1st
mortgage
2,000,000 J.&J. 7
July, ’900 09
Twenty-third Street—Stock. ..i 1,000
100
F.
4
Feb ,’52 145
&A.
600,000
lekmortgage
-•
Consolidated
Christopher & Tenth St.—Stock
27*
1,800,000
100
Ilk#
..
....
•
-
•
T
..
..
.
110
*
1.000
This column
shows last dividend
on
250,000 M.& N.
7
May. ’03 110
-
»
11b
no
•
-
-
115
151
115
stocks, but the date of maturity bonds.
121
do
do reg., 1898... 1-42 |
:;
do 2d m. <s, reg., 1910.. 130* 133
do
con. m., 6s,rg.,1923 120
1...
1*0
87* 89
107* 107*
...
r,„,
Little
....
m.7s,’8*2
if-'P*c-.
do
do
*>s,reg...
1 104*
102
190
do
do
106*
8s..
91*
,
65
144*
26*
do
do
do
‘'
.
•
•
83
84
52; £
53*
117*
...
•
25
do
5s, g’d, tnt.,reg. or cp
5s, new, reg., 1892-1902
4s, reg., 1894-1904
114
Buffalo*I?tt8^&yWestern!!!
pref.
do
Camden & Atlantic
do
ao
iis
114
•
pref
’•••
..
.
•
•#
•
Huntingdon & Broad Top...
do
do pref.
Lehigh Valley
.....
Little Schuylkill
.
....
5
18
.
Vs*
~29
34
24
-
t
t
T
70
118*
isoc
^
96
28
m.,6s,g;,1905 98?4j 90*
09
litfm*7s. m 111
6s, ’94
lstm.6s.cp.,’96
7s,’99
cons. 6s, 1909
108
114
110*
110*
il8
il2*
....
108* 110*
no
110
B.,’96.
u.8, *Pel- lfit m., 6s, 1^6
! 100
120
lst m.
/
88
103
J15
..
Lehigh Navlga. m.,6s, reg.,’81
do
mort. KR., rg .’97
do cons, ra.7s.rg.,191! 117* 118*
Marrls, boat loan, reg., 1885..
p*onsvl vanfa 6s, coup., 1910.. 93
95
Schuylk. Nav.lst m.6s.rg.,’97. 104
iw
do
2d m. 6s, reg., 1907 92
BALTIMORE.
55
130
55
60
,
n
6s, defense, J.& J...|108*
Maryland
ao
6s, exempt, 1687
do
6s, 1890, quarterly..
do
5s, quarterly
timore 6s, 1S84, quarterly.
!
108
do
6s, .866, J.oC J.
12* 13
do
6s, 1890, quarterly... 116*
26 j
do
6s,park, 1890,Q.—M. ....
oo* 61
do
6s, 1893, M.&S
120 122
57
57*;
do
6s,exempt,’0S.M.&S
62
j
i20
do
6s, 1900, Q.-J
54
do
6s. 1902, J. & J
do
5f»,19i6,new
57
Norfolk water, 8s
j
,
,
.
.
.
.
...
Neaquehonlng Valley
Norristown
Norfolk & Western, pref
do
do
com....
Pennsylvania
..
Pennsylvania
....
64
62*; 62*
16
1
|
Philadelphia & Erie
31
>
Pnlladelphla & Reading
Philadelphia & Trenton
Phila.Wllming. & Baltimore
8
Pittsb. Cin. & St. Louis, com.
30*
at. Paul & DuluthR.R. Com
do
do
pref.
184* 1853-s
United N. J. Companies
West Chester consol, pref....
‘40
West Jersev
West Jersey* Atlantic
'W
RAILROAD
Schuylkill Navigation
do
pref...
Allegheny Vai..7 3-I0s,1896...
7s, E. ext., 1910
Inc. 7s, end.,c.’91.
Belvidere Dela. 1st m.,6s, 1902.
I....
2d in. 6s.’35..
2dm. 6s, *7.. 105*' ...
Camden <sAmcc ba.coun.’Sb 101* 103
do
do
....
do
6s, coup., ’80 107 }....
do
mort. 6s. ’by
.14* ....
Cam. & Atl. 1st m. 7s. e.,1893 112 •]....
do
2dm. 6s. 1904
102*'..
.
In default.
t Per Bhare.
15*
47
104*
123*
Northern Central 6s. ’85, J&J 1C 5*
do
6s, 1900, A.&O.
do 6s, gld, 1900, J.&J.' 115*
Cen. Ohio 6s. lstin.,’90,M.&S. 108
109*
W. Aid. 68,1st in.,gr.,’90,J.&J.
41*
13
122
110
49
U8
104
125
BONDS.
..
25
41
railroad stocks. Par.
Balt. & Ohio
100
co
lst prtf
do
2d pref
do
Wash. Branch.100
do
Parkersb’g Br. .50
Northern Central
5U
Western Maryland..... ...50
Central Ohio, common
50
Pittsbu g & Connellsville...
Balt. & Ohio 6s, 1885.A.&0,
N. W. Va. 3dm.,guar.,’85,J&J
PIttsb.& Connellsv.7s,’98,J&.l
CANAL STOCKS.
Lehigh Navigation
Pennsylvania
do
do
cons.
do
6a p.
CANAL BONDS.
....
..
19
Catav. *ssa
55
do
pref
do
new pref
Delaware* Bound Brook.... 125
50
East Pennsylvania
40
Elmira & Williamsport.......
do
pref.. 58
do
Har. P. Mt. Joy & Lancaster. 71
cou.,
w;oTereejL&
AiL lstm. Ss, cp.
Western
Penn. KR. 6s,cp.’93
104
Philadelphia, 5s reg., var.....
do 6s,n., rg., prior to ’96
do 4s, various
railroad stocks.t
North
do
do
do
....
•
79
7s, reg.,]9i'(i
Warreni & F. lst m.7s,’96
West Chester cons. 7s, ’91
West Jersey 6s, deb,,coup.,’85
STATE AND CITY BONDS.
•
do
u nited N. J. cons. m.
....
PHILADELPHIA.
.
1S92-3
Tltusv.
pref
92*
1*893*
Syra.Gen.* CornV,l8t,7s,19<)5
107
iexas & pac. lst m.,6s,g..i905 103
do
Rio Gr. Div.,T830. 82*1....
125
136
57
4s. reg.. ’.912
3*J, reg., 1912
off, 1893.;
...
7s, R. C.,
98
98
Rich.& Danv.con3.int.6s.l915
Shamokln V.& Pottsv.Ts, 1901;
Sunb. Haz. & W..lst m.,5H,’23
co
2d m. 6s. 1938..
Sunbury & Erie 1 st m. 7s, ’97
i27
19*
97*
in.,7s,coup.,’.896.
d^b. coup,, pya*
mort.,
i29*
•
113
7s, coup, off, ’93
„
•
78, cp..93. 117* 120*
m..7s,cp., 1911 1^5
113
d9
t8,
Pitts.Cln.&St.
L. 7s,
....
iaoi
i?io
m.6j, g.. C.t‘ 0^.
i n.
n
156
102* ibis
cons.m.6s,g.lR<ji9ii
gen.
94
lH*
Phil.&R.Coal&lr’n deb.7s,92#
do
deb. 7s. cps.ofl
....
Old Colony
Portland Saco & Portsmouth 114*
Pullman Palace Car
24*
Rutland, pref erred
1)3^
lmp.m.,fi3,g„ c. 1397
do conv.
~6T* .:::
•
cons.
do
c /lip.
do scrip, 1882
122
0
Norwich & Worcester
do
2d m.,
co
1....
Iowa Falls & Sioux City
do
do
do
125* 125*
25 V*
x96
Lltue Rock & Fort Smith ....
Manchester & Lawrence....
Mar. Hough. & Out
Mar. Hoagh. & Ont.. pref.. .x
Neshua& Lowell
New York & New England...
Northern of N. Hampshire...
Penna.
do
do
do
do
do
«
•
common.
Ogdensb.& L.Champlain
6H
44
4o*
98
co >p., 19.0
®*.coup.t'8i 102
■m.&BaU ,4s,Tr.certs
Connecticut River
Conn. & Passnmpslc
Connotton Valley
Eastern (Mass.)
Eastern (New Hampshire)...
.
Phlla^Newt’n & N°Y lit ^9?
PhU.&R. ist m®6"ex.due iolo
do
75
ICO
do m-
?
ph!
60
25*
& Ulev
..
Phlla. * Erie 2d m. 7s,cp.,’38 114
do
cons. mort. 68,1920
145
161
161
58
71
119
iiV
Ppnn°n« ctl0
6s. reg 53, reg., 1919 io'4
do 4*s, reg.,*1920
o
1x03
;X63
cons.in.6s, rg., 1905
1905.
cons.m. 6s, cp.,
Penn. Co.,
do
91*
xl07
Chic. & w. Michigan
do
7s, coup.,’82. 103
.
114*
Fitchburg
Flint & Pere Marq
do
pref
Fort Scott& Gulf, pref
k&West.,gen.m.,68.1181
lst
Inc.
Cheshirepreferred
Cln. Sandusky
Concord
8&
88
gen. m. 7s, cp., 1903. 120
gen. m. 7s, reg., 190*j 1*0
,d° »ew loan
at
.
Atchison & Topeka,...
Boston & Albany
Bo3toa Clio. & Fitch
Boston & Lowell
Boston & Maine.
Boston & Providence
*
S0*.
„do 6s,cp.,19j3
Schuylkill, 1st
1st1stm.,
6s, 1920 ...
Noi th. Penn.
m. 6s, cp.,’85. 105*
do
2d ra. 7s,cp., ’96.
STOCKS.
151
270
115
r 0M( I£
?? mort. 6s, 1900 ...'
Lehigh
Valley, lst,6s,cp., 1898
Pittsb. Tltusv. & B., 7s, cp.,’96 94
do
Scrip
Pa.& N.Y.C. & RR. 7s,l896 !i*.*
127
do
1903
Pennsyiv.,gen. m. 6s, cp..i9i‘6 124
do
gen. m. 6s, rg.,1910. 124
do
89
....
RAILROAD BONDS.
.
*
f
115
70
110
.
_
.
87
a
Ogdensburg & L. Ch. con.6
Itlnehlll
24
102*
Norf
Old Colony, 7s
Old Colony, 6s
Pueblo & Ark. Valley, 7s
Rutland 6s,1st mort
Sonora 7s
Vermont & Mass. KR.,68
Vermont & Canada, new
Bid. AsTc.
*
50 1,850,000
20
750,000
50 4,000,000
100 2,500,000 VI.& s.
500 fl,000,000 F.& A
100 5,000,000 Quar.
1,000 1,000,000 F.& A.
25 1,000,000
Var
Jersey City & Hoboken
Mutual, N. Y
Date.
.
U4
7s
uo
New Mexico & So. Pac. 7s... 112
do
Gab Companies.
,t><
7s
Woroeatar& Nashua
Wisconsin Central
[Gas Quotations Dy ueorge H. Prentiss, Broker, 17 Wall Street.]
124«
A,th°n8 l8t & d, ?s.,’8J
84* Junction 1st mort. 6s, ’82.
51
Revere Beach & Lynn
Vermont & Massachusetts..
City Railroad Stocks and Bonds.
5s, perp
Amboy, 5s, 19^0
do
*
1stm.
in or*. 6s, ’88...
g^sburg
H. & B. T. 1st
7s, gold, ’90.
do 5i?n8, m* ^8» 1395....
112
103
..
Ga« and
.
& Bou?d Br., ist, 7s. 190G
bi
...
I
10s, *88
7s, I900,r.*cp
Sf aTa£e m*A reg.&cp.,var
K&ston &
10
Fort Scott & Gulf 7a
Hartford & Erie 7s
51* 52
K. Cltv Lawrence & So. 5s...
103*
K»u. City. 8t. Jo.&C. B.is. .
115
Little K’k & Ft. Smith, 7s,1st 108* 109
Mexican Central, 7e
37*
New York* New Eng. 6a.... 104
104*
I
new
..
—
Mass.,4*8, new.
do
chat. m.}
,8t mort. fs. ’88
K1.& W msport, 1stm., 6s, 1910
Fitchburg Rli., 6s
160
120
140
105
20
70
105
110
200
126
do
do
U
Cali'ornla Southern, 6s
iastern,
con*M • p. C...
*’
94* Ghartlers
x£nnecttng
6b, cp.. 1900-1904.
Val., 1st ro.7s.C.,190:
Chicago Burl. & Qulncv D.Ex
125
92
112
120
108
155
125
300
70
125
153
85
UO
no
95
70
153
210
60
115
75
80
U 5
65
125
93
140
150
80
120
120
130
94
30
do
6a
Boston & Lowell 7s
do
6s
Boston & Providence 7s
Burl. & Mo., land grant 7s...
do
Nebr.6s
Ex
do
Nebr. 6s..
do
Nebr.48...,
150
60
1(0
240
240
00
_
£ A*
At*.
Cam. a Burlington Co. «s,’»7.
Catawlssa 1st,7s, conv., cp.’82
Albany 7s
Boston ds
125
135
SECURITIES.
119H 120
.........
no
210
1H5
195
160
185
Ask.
BOSTON.
Atch. & Topeka 1st m.7s
do
land grant 7e
land me. 8s..
do
Atlantic & Pacific, 6s
» o
Income
Boston & Maine7s
Par.
t
Bowery
Mount Morris*..
Companies.
Bid
BXOUBITIB8.
Prick.
Ask.
Bid
not National.
City
Quotations in Boston, Philadelphia and Baltimore.
Iisnraace Stock List.
[Quotations by E. 8. Bailit, Broker,
No. 7 Pine Street.]
at.
Bank Stock U«t.
403
do
1st m., 1390, J. & J...
do
2d in.,guar., J. & J—
do
2d m.,pref
I
do 2d m.,gr.by W.Co.J&Jill2
do 6s. 3d in., guar., J.& JJ
Mar. & Cln. 7s, ’92, F. & A.... jl23* 124
do
2d, M.&N
101*
do
55*
Ss, 3d, J. & J....••
Jnlen RR. 1st, guar., J. & J.. 114
j
do
0 >n 1 on endorsed.
Consolidated Gas
39* 40
I
102
100
Do
bonds
,
CHRONICLE.
THE
404
Railroad Earnings.—The latest railroad earnings and the
totals from January 1 to latest date are given below. The
statement includes the gross earnings of all railroads from
which returns can be obtained. The columns under the head¬
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
Average amount of
Roads.
Week
or
$
63,546
$
Ala.Gt.Southern
Bost.&N.Y.A.-L.
Buff. Pit tab. AW.
Bur.Ced.R.ANo.
February..
February..
66,832
20,342
10.817
February..
4 8, r>05
40,023
35,837
10,117
35,604
3d \vk Mar
47,-755
Cairo & St. Louis 3(1 wk Mar
*8.566
25,843
Cent.Br.Un.Pae. IthwkM’hJ
Central Pacific February.. 1,702,000 1,454,218
Cbesap. A Ohio. February..! 200,709| 181.380
125,020
Chicago & Alton 3<1 wk Mar 136,062
Chic. Bur. & u.. January.' 1,658,834 1,307,048
30,631
32,016
Chic. A East. Ill.
III. 3d wk Mar!
55,252
28,735
Chic. A Gr.Trunk Wk. Apr. 1
423,879
Chic. Mil A St. P. 4th wk M’hJ 526,000
528,396
Chic. A Nortliw. 4th wk M’hJ 596,271
13 4,102
83,883
Ch.St.P.Min.AO. 4th wk M’h
199,185
174,410
Cin. Ham.A Day February..
186,879
171,511
Cin.Ind.St.L.AC. February..
188.798
140,070
Cincinnati South February..
7,451
9,609
Clev. Akron A Col 3dwk Mar
39,547
58,136
Col. Hock.V.AT. 4th wk M’h
181,358
138,464
Denv. A Rio Gr. 4th wk M’h
8,606
6,202
Des M. A Ft. D.. 3d wk Mar
72,490
113,335
Det. Ban. A No.. February..
25,320
12,592
Dub. A Sioux C. 3dwk Mar
192,165
206,218
February..
Eastern
177,580
167,642
E.Tenn.Va.AGa. 3 wks Jan.
30,927
35,551
Europ.A No.Am. February..
56.774
45,222
Evausv. A T. H. February..
43.818
36,201
Flint A P. Marq. 3d wk Mar
217.488
215,192
Grand Trunk.... Wk.Mnr 25
93,918
118,77 4j
Great Western.. Wk.Mar 31
8.984
3d wk Mar
HannibalA St Jo 3d wk Mai
Gr.BayAW.St.F.
Houa.E.AW.'l'ex February.
38,120
15,290
.
537,338
158,033
5 4,068/
Illinois Ceil.(III.) March
l)o
(Iowa) Match
Ind.Bloom.A W. It h wk Yi'h
Int. A Gt. North. 4th wk M’h
Iowa Central.. Februaiy..
K.C.Ft. S. A Gull February..
K. C. Law. A So. February,.
L. Erie A West’ll itli wk M’h
Long Island
...
79,292
80,759
It h wk M’h
Louisv.A Nashv 4th wk M’h
Maine Central. January...
Mobile A
Ohio.JMarch
148,477
189,507
152,651
159,961
Nashv.Cli.ASt.L February..
N. Y.A N. Eugl’d February..
N. Y. Pa. A
Norfolk A West. Februaiy..
Northern Cent.. February..
Northern Pacific March
Ohio Central
March
Ohio Southern.. 4th wk M’h
384,000
63,557
8,390
1,439,956
1,023.649
226,174
263,035
430,843
154.795
m
*
12,166
352,281.
January...
ttli wk M’h
February..!
3d wk Mar
52,!)15j
Truffle cut off from Cairo on account
Nassau
Market
St. Nicholas
Shoe & Leather.
Corn Exchange.
230,916
190,866
173,615
398,268
472,238f
153.633
318,231
820,919
892,800
672.029
369,009
316,955
429,415
363,364
829,614
813.582
382,657
162,984
318,550
768,813
358,295
131,573
206,018
84,342
1,084,100
6,680,071
164,986
498,973
2,793,496
608,308
6,284,829
105.257
449,804
2,655,559
1,637,872
1,826,975
22,387
296,208
180,964
29,428
269,310
169,580,
1,002.505! 1,835,748
776,397
652,719
1,341,819
734,630
72,193
238,047
108.069
252,2 10
899,340
215,301
~
861,885
4,453,460
J92.516
5,947,785
47,696
90,322
12,088
12,166
3,689.508
25.362
12.088
2,752,131
106,362
95,091
392,159
2 15.52!)
of high water, t Freight earnings
earnings collected in this period.
U. S. Sub-Treasury.—The following table shows the receipts
and payments st the Sub-Treasury ii- this city, as well as the
balances in the same, tor each day of th- past week:
Balances.
Payments.
i#
April
“
“
1.. *1,715.912 84
3..
1,400.93 L 28
4..
898.761
5.. *1,938.341
6.. *2,369,659
7..
915,667
“
"
“
Total
*
57
65
90
808,099
3,406,546
1,898,317
1,163,818
60
56
94
93
844,929 65
47
780,036 63
9,239,274 7L
8,811,749 31
Includes $1,000,000
$
92,732,203 09
90,804,500 10
89,859,142 02
00.697,674 81
92,189.570 87
92,297,914 87
$4 84
3 83
XX Reichmarks. 4 74
X Guilders
3 96
Span’h Doubloons. 15 60
@$4 88
@ 3 87
@ 4 78
@ 4 00
'S* 15 85
Mex. Doubloons.. 15 55 '@15'65
Pine silver bars
1 14*4 @ 1 143*
Fine gold bars..
*4 @38 prem.
Dimes A h»dimc:.— 99bjS> par
..
$
4,076,554 66
3.993,647 35
4,024,449 06
3,960,438 99
3,993,272 93
4,020,559 77
gold coin received from Philadelphia Mint.
Coins.—The following are quotations
Sovereigns
Napoleons
Currency.
Coin.
$
$
Importers’ & Tr..
Park
Wall St. Nation’i
North Itiver
ifiast Itiver
Fourtli National.
Central Nat
135,439
\ Included $2,674 back mail
Receipts.
Marine
93.9 to
1,256,885; 1,101,417
1,577,838 1,298,076
in gold for various coins:
Silver *43 and *23.
Five francs
Mexican dollars..
Do uncommerc’l.
English silver
....
Pru8. silv. thalers.
U. 8. trade dollars
U. S. silver dollars
—
993*@
—
93
—
—
@
S938 5?>
38 @
4 75
par.
—
—
—
95
90
89
@4-2
—
68
@
—
70
—
994*®
—
99
—
9
3>
par
4,000,000
Continental
Oriental
199.228
167,472
103,404
131,910
285,573
46,545
600,000
Third National..
N. V. Nat. Exch..
158,590
206,514
314,429
1,674.800
3,000.000
..
168.066
260.095
27,937
17,199
12,977
145,082
49,647
500.000
Metropolitan
Citizens’
121.586
7,613,500
3,0^,000
12,709.000
i .951.400
500,000
500,000
500,000
1,000,000
1,000,000
300,000
400,000
1,500,000
2,000,000
*
500,000
1,00 >.3jo
17.ls4.2uC
8.3 7 i.('00
3,320.0. 0
300,000
750,000
500,000
Filth Avenue....
German Exch. ..
Germania
U. 8. Nat
839,700
118.000
34,500
97.000
4,600.800
) ,957.800
1,507.( <00
1,480,900
3,997,400
'
98.800
30,20(
904,200
18S2
Mar.
a,
^
s
4....320.677,800 53,279.800 16.770,600
11....313,715.800 55.888,500 16,310,000
18.... 312,316,500 58.580.700 16,347,800
25....311,219,400 58,602,100 16,150,900
Apl. 1....312,824,200 57.373.700 15,52 ■»,100
“
“
Boston Banks.—The
1831.
Mar. 6..
13
a
1,190.500
1,130,800
881,200
10,4 .0,30(1
217,000
’.
7'.t0,4OQ
.266.000
225,000
5,710,800
583,400
14,5-'.*.U00
5 432,100
!. 114,090
1.558,000
434.800
267.900
223.500
1,830,200
180,000
2.1 iO.TOO
5 159.400
157,70'
2,677.8 0
t 2.701
1.( 3 -\9"0
189.70"
49.400
1,6u2.300
3,973,800
01,800
148,100
284,723.400
following
Deposits. Circulation. Agg. Clear
^
^
290,673.800 20,026,2001054.843.483
19,900,600
933.424,138
286,042,700
257.*0 >.800 20,075,500 991,418,254
285,659,600 20,00-5,500 935,537,488
284,723,400 19,954,700 001,728.774
are
series of weeks past:
Loans.
$
5,400
series of weeks past:
L. Tenders.
Specie.
“
banks for
45,000
$1,000,030.
following are the totals for
Loans.
t>
795.700
1,11*6,700
7,842.090
3.'700 09u
220 00(
449.8r(
50.5 (
U 9,0, i(
o81,5')C
29,100
802.500
7.332.300
ISlVoOQ
2.7"7.700
446,600
0.846,000 2.250,000
2.080.000
265,900
2 093,000
3,900
2.310.800
447.400
1,760.IOC
444.400
2.085,000
450,000
3.620 4JO
4,600
5.940,400
763,200
l.'•00.100
3 578.800
45.0dS
20,580.9(>U 1,107,400
19.265.00C
45,000
412 8. !0
1,'87.9,10
913*000
2.440.500
110,50.
3 .410
515 2<)C
2,. 09,'*00
20.700
45,000
3.379,200
1.552.600
130.200
0 >6,000
1.1 8.000
325.0oo
3'9.000
•
468,206
3,335.000
l"8.S(-o
172.00(
244.700
174.000
2,600
775.700
3.581,200
9,753,000
8.507,200
3,027,500
5.506.500
2.320,500
374,800
173.000
157.500
674.800
50,306
182.30G
731.0 10
606,"O(*
731.700
1.412.600
1,002,000
1,011,500
201,00"
225,000
72,000
93.400
80.20"
120.600
162,000
3,5 4,2v)i
3.245,000
2.3,0.100
2.276.000
082.100
196 400
38.400
(!5S,00u
5.100 400
4.130.800
270.500
26.200
101.700
704,400
183.006
40.500
12 ’,500
720,000
433.200
143.1Q0
203,800
120.000
280,100
154,000
80,200
152,000
8-0,000
2-3,Ooo
1.317,10-j
1300
267,000
180,409
312.824.200 57.373,70! 15.528.10
To be increased to
The
117.700
317,8(40
078,"00
1.814.000
1,017.10.
Total
*
44,000
337.000
70.000
5.291.300 l.(J-i8.s<;)(
1,4V5 5 )0 ;
180,11,0
300,000
250,000
200,000
750,000
300,000
100,000
20;),000
200,000
500,000
Germ’n Americ’n
Chase National..
360,000
5,025.2.'C 1,2 0,5 9
14.20-.0 0 | 3.080.00:’
1,000,000
Bowery National
N. VorkCounty..
441.200
331,3 jo
1.088,200
250,000
3,20O,0UO
2,000,000
National..
2.005,200
2. i 61,900
3,a 78,000
4.331,000
1,341.000
240,000
7.106.000
8,754,300
5,010.300
2.'i75,<>00
7,833,300
1,421.800
1,203,000
14.224.200
3 72.800
2,848.400
2.O0-V20U
3.104.000
10,138.300
10.4 7-3.300
5,971,100
1.083,100
3 3,4(Xj
2.734,000
281,700
5.704.50'J
895 30C
507,000
87,200
f 39.100
00.000
310.000
1.395,500
1,000,000
Irving
First
29.020
34.175!
North America
Hanover
Second Nation’i
Ninth National..
,
Vick. Slir.A Pae.
Wab.St.L.A Pae.
West Jersey
Wisconsin Cent.
2.435 8oC
405,000
1,146,700
579,500
3,290.000
$
8.093.000
5.475,000
837.700
317,1)00
528.200
tion.
305.000
240.O00
1.623.000
2.300.000
2c-.108,500
5.007,00C
450.000
616,036
48,242!
5.902.000
200,000
700,000
639,780
139,5121
15,051.200
5.230,700
People’s
288,590
320.056;
3 ’4.509
377,833!
2,998,322 2,570,013
—
....
Republic
543.061
14,035
1,003,100
2.042.400
972.400
3.772.10C
13,259.000
Chatham
396.945
15.606
1,405,095
308,474
121.586
1.023.000
1,000,000
1,000,000
422,700
1,500,000
577,81 1
-
...
5,000,000
2,372,738
1,275,783
.45-1,71
707.500
1.212.000
938,000
795,400
07 l.t'OO
3,063,800
•<.87,900
317.500
3.895.000
42(,400
531,500
28J.800
159.000
EU00
444.700
218.'.00
832.200
1.63S.700
200,000
600,000
Commerce
Broadway
Mercantile
Pacific
358 154
1,185,385
066.000
7.030.000
8.2 **1.00)'
4,30J.100
8.024.300
3,141.000
6.838,700
2.708.000
1,074.800
13,945,1)00
4. US,200
4.274,100
Circula¬
*
*
0 974.000
200,000
300,000
800,000
5,000,000
62,326
454,910
2,316,80
1,000,000
300,000
Seventh Ward..
State of N. York
American Exch
390,748
177,580
167,642
71,673
1,000,000
Leather Man’fTs
161,253
1,653,2 3
JFebruary..
23,000!
Tol. Del. A Burl. 4th wk M’h
March
2,226,832
Union Pacific
Vieksb. A Merid. February.. J
<43,012
Chemical
Merch’nts’ Exch.
Gallatin Natton’l
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich.
85,189
56.9-9
600,000
300,000
Tenders.
>
1,928.000
9,570,000
Net depVs
other
than U. S.
Legal
Specie.
i
t
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
Fulton
353,969
266,131
88,282
Loans and
discounts.
1,000,000
Tradesmen’s
668,028
367,100
397.6 < o
33.576
3 i 3,350
410,000
3,306,750 3,095,614
7,129
15,502
Peoria Dec. AEv. 3d wk Mar
246,246 225,501
Philadelp. A Erie February..
Phila.A Reading;February.. 1,290,421 1,336,427
803,626
878,584
Do Coal A Ir.(February..
Richm.A Danv..i3 wks Mar 1189,399 1171,845
15.854
11,635
St.Johnsb.AL.C.‘February..
19.311
29,935
St. L. Alt. A T.H. 3d wk Mar
16,730
14,790
Do
(brclis ) 3d wk Mar
197,867
227,098
St.L.Iron Mt. AS. 4th wk M’h
88,991
87,803
St.L.ASan Fran. 4th wk M’h
135,063
135,130
St. P. Minn.A M. 4th wk M’h
9,687
Scioto Valley... 4th wk M’h • 12.332
130,719
South Carolina. February..] 126,773
110,030i 103,692
Texas A Pacific. 1th wk M’h
..
City
3,057,125
346,929
1,350,817
1.307,948
333,582
2,590,553
3.382,667
Oregon R AN.Co March
Pennsylvania
373,518
95,048
192.793
4.373,000
4,788,847
1,066,69
407,56 L
405,478
379,721
92,918
198.017
213,791
40 4,524
149,659
413,551
Ohio,February..
625,441
80.802
1,525,331
1,658,834
370,123
308,30n
26,575
—
79,855
420,164
26,702
32,012
22,800
28,134
25,753
Mar.Ilough.A O. February..
Memp. A Chari 2d wk Feb.
Mil. L.Sh.A West 4th wk M’h
Minn. A St. Louis 3d wk Mar
Mo. Kan. A Tex.;4th wk M’h
Missouri Pacific. 4th wk M’h
101,589
3,5 11,469
7,505
39,890
6,563
419,963
107, >26
53,951
69,1 17
Union
America
Phoenix.
$
122,055
40,255
38,691
66,931
2 s,951
95,071
345,0 45
159,512
Mechanics’.
$
127,307
43.365
209,158
77.626
119.557
New York
Manhattan Co...
Merchants
1881.
1882.
1881.
1882.
Mo
Capital.
Banks.
Jan. 1 to Latest Date.
Earnings Reported.
ending at the commencement of business on April 1.
week
ing “Jan. 1 to latest date” furnish the gross earnings from Jan.
1 to, and including, the period mentioned in the second column:
Latest
ITol. XXXI?.
Deposits.* Circulation. Agg. Clear
L. Tenders.
$
Specie.
the totals of the Bosto
$
31,352,000
31,619,000
90,659,^00
6.185.600 3,994,100
150,280,800
3.879.600
6.154.600
149,413,100
3.747.600
5,757,200
20..
148,98:3,800
4,051,000
5,633,900
27.. 147,663,700
5,350,700 3,986.300
Apl. 3.. 148,515,500
lucluding the item “ due to other banks.”
•
89,225,200
87,5 *9.3 >0
“
.
“
31,198,000
31,150,000
31,255,500
87,203,300
87,333,000
“
73.806.352
03,238.022
69,042,238
00.058,741
05,408,25
4
*
Philadelphia Banks. -The totals of the
follows:
are as
1381
0
Mar
“
“
L. Tenders.
Deposits.
$
76,659,457
$
$
27'.
73.033,590
73.492.943
18.175,324
17 821,3*8
18.550.400
3
73,923,148
17,507,2724
Apl.
Unlisted Securities.—The
Circulation. Agj. Clear
68.317,180
18,419.451
75,067,659
13
20
“
Loans.
Philadelphia banks
t
$
11.010.175
11,021.010
10.017,755
05.2 0 546
10,983,895
50,700,903
10,095.080
01.380, 08
64,819,293
Bid.
Ind.B. A W.,Eas. D.lst
7*s
1 Ss
1
Oregon Imp. Co.lst ex.
Oreg. Short Line subs
106
94
75 ^
101%
'
com..
1st, ex J’e,’82,cp 82^4
90
68
113*8
1st mortg. bd».104
subs. $10,000
bl’ks ex-bds..l02
Do stock.
Ohio Ceut. Riv.D. lsts
incomes.
Do
Pens. A AtlaDtie stock.
bds.:
Do
70
Ric.AAl.AO.Cen. subs.
*
Premimr.
2ds
3ds
25
13
91
74
105
36
85
....
10
86*3
Tex. A Col. Imp.,30pd 84
U. S. Electric Light Co. 100
Vieksb. Mer’n com.st’k
9
Do
lsts
90
Do
Do
3
10
22
Tex.St.L.RR.sb.,40 pd.
30*2
13^8
83*2
153
27
86
Selma Rome A D.stock
Do 1
2dM.stamp.
Do
incomes
St. Jo. A West, stock..
100
67
60 per ceut paid ....
Rich. A Dan. ex subs..
....
Do deb.subs.,450.126
Do 6 per cent deb 74
95
13*-2
Do
Do
70
425
Ind.Dec.ASp.com...
6*3
Do
n. is.,6s,fund.xl00*2
Mid.RR. of N.J. stock. 17
Do
A bonds.... 12
Do
Do
stock
Do
Nevi
Asked.
North River Const. Co. 94
N.J. Southern
1J4
Do
incomes ....
N. J. A N. Y. com
2
Do
prff
17*2
N.Y. S.A W. com. st’ek.
7
*
Do
B [bonds....
7
x46
Mex. Nat. bonds
7
Do
stock
Mo.Kan.vTox. g.mort. 80
Mutual Un’u Tel. bds
72
Do
stock.. 23
Do
scrip stk 23
National Express
106
N.Y. A Scranton Cons. 00
N. Y. Ch. A St. L. pref. 30
Rid.
Asked.
"22
Buff.N.Y.APliila. subs. *7
Cal. Pacific stock
7
Continental Coustr.Co. 00
Central Railway Construet’n Co.(D. L.W.) 102
Den A R. G.,W. sub.ex. 88
Do stock
18
Do bonds
72
Den.A R.G. uul’d cons. 101*2
Denv. A N. Orleans
Edison Electric L. Co.395
Hud. Riv. Contract Co. 95
luternat. Imp. Co
xGO
45.8lo,(0?
following are quoted at 38
Street:
Am. Cable Constr. Co.
Am. Railway Imp. Co.
Atl.A P. jlk.s.,10 p.c.pd
Bost. H. A E.. new st’k
Do
old
$
57.701.624
51.75-<,S2Q
55,893.<35
C2.141.590
g5
33
90
1201*
138
80
April
THE
8, 1882.|
CHRONICLE.
doing well.
Daring November the preferred stock sold from
90% to 83% ex-dividend, and this was the time for those having
intimate knowledge of the company’s affairs to sell, as it must
have been to them a foregone conclusion that a
heavy decline
would take place when the real condition of the
company’s affairs
Itnjjestnmxts
AND
STATE, CITY AND CORPORATION FINANCES.
became known.
The conspicuous figures of the report, which account
for the decline in net earnings, were the
operating
The Investors’ Supplement contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
$f Railroads and other Companies. It is published on the last
Saturday of every other month—viz., February, April, June
August, October and December, and is furnished yoithout extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 ver copy.
INDEX
SINCE
FEBRUARY
amounting to $10,792,943, against $7,787,348 in 1880; but
Amer.
342
.'377
February,
that the company was not under its full charges for the whole
year 1881, and the charge for rentals in 1882 will be about
$1,030,000 and for bonded interest 14,380,082, making a total of
$5,410,082, against $4,456,706 in 1881—an increase during this
in.
230
230
..
Rapid Tel. Co
American Steamship Co
Arkansas Railroads
Atchison Top. <fc Santa Fe.243,
Atlantic & Pacific
288
Albany & Chic.. .228
Manhattan Elevated
264,
291
Marietta & Cincinnati
Mariposa Land & Mining Co
of
ing to $4,456,706, against $3,140,614 in 1880, and this was a most
important change, in view of the large accessions to thA
property of the company in the new lines purchased during the
year. The Auditor’s report is excellent in giving a particular
account of the terms of each lease and the annual
charge on
this company for rentals and interest. It
appears from this
black-faced figures.
Alabama Great So
Amer. Bell Telephone Co
Amer. Dist. Tel
none
the usual items of operating expenses are given in
detail, such
as “maintenance of
way,” “cost of transportation,” etc., so that it
is impossible to say where the increase took
place. The interest
and rentals in 1881 also showed a very large increase, amount¬
annual reports and other items of Investment News have been
published in the Chronicle at the pages indexed below; al
matters published prior to the February Supplement will be
found indexed in that-Supplement.
Annual reports are in
Louisv. New
largely
expenses,
SUPPLEMENT.
Since the issue of the Investors’ Supplement in
A.
405
378
291
year
of nearly $1,000,000.
The following extracts will furnish all the information
given
314
Memphis & Charleston
265, 292 in the General
Manager’s report in regard to the operations of
315 Memphis & Little Rock...265,
the road:
263
292 378
u.
Metropolitan Elevated
! 378
“The result for the year 1881 shows that the net
earnings
Bost. Hoosac Tunnel AWest.. 290
Mexican Central
291, 341 have not been sufficient to
pay the fixed charges and dividends,
315
Boston & Lowell
Mexican National
231
and that the company is in deficit. It cannot be denied
Brooklyn Elevated
290 Mo. Kail. & Texas
344
Buffalo Pitts. & West
377
Missouri Pacific.265, 292,316, 314
that this unexpected result has come from
many causes, most
Buffalo N. Y. & Phila
263, 290 Minnesota Finances....
316
of which were beyond our control. The gross
earnings of the
C.
Mobile & Montgomery
265
road—instead of showing a large increase over the previous
Cairo & St. Louis
366
Mutual Union Tel....231, 292,
Camden & Atlantic
343
336, 366 year, as would have been the case under ordinary circumstan¬
Canadian Pacific
230
N.
ces and conditions—have fallen
considerably below those of
Carolina Ceutral
343
Nachez Jackson & Columhus.,314
1880,
taking into account the additional miles operated This
Central of Georgia
Nashv. Chat. & St. Louis
315
344
Central Iowa
Cent, of N. J
230
230, 263, 290, 315
Chesapeake & Ohio..264, 292, 343
Chicago & Alton
262
Chic. Burl. & Quincy.264, 290,
315
Chic. & Eastern Til...291*
Ohio. & Grand Trunk
Chicago & Iowa
343
377
316,’
343
315
264, 343
292, 315
Chio. Milw. & St. Paul
Chicago & Pacific
264
Oregon & California
378
Pensacola & Mobile
344
264
291
291
Connecticut Western
Counotton Valiev
264, 343
Consolidation Coal Co...';
.290
Cumberland Valley
376
D.
Delaware & Hudson Canal ....262
Denver & Rio Grande
..291, 292
Detroit Mackinac & Marti
344
.
JK
East. Teun. Va. A Ga
Elizabeth City Debt
291
343
Evansv. & Terre Haute
343
Elizabethtown Lex.& Big San. 292
P
315
■>
Galv. Har. & San Antonio
Galv. Hous. & Hen
344,
Grand Rapids & Indiana
«reen Bay Winona & St. Paul.
Gulf Colorado & Santa Fe
315
378
315
264
344
XI
& St. Jo.*. .289, 315, 344
Hartford & Conu. Western
366
Houston E. & W. Texas...292, 316
Houston & Texas Cent....231,
Hannibal
Great Northern
Kansas Pacific
K.
378
231, 265, 316
316
316
316
315
K.
Railroad Income Bonds
Reading & Columbia
Richmond <fe Danville
Richmond & West Point Ter..
Rliinebeck & Connecticut
316
282
336
379
366
S.
St. Louis Tron Mt. &So
317, 345
St. Louis & San Francisco
313
St. Louis Vandalia & Teire H. 366
St. Paul & Duluth
342, 377
St. Paul Minn. & Manitoba
265
Sonora
315
South Carolina RR
222, 3 45
X.
Tennessee Finances
231, 252
Texas & Pacific
292
Texas State Debt
379
Tol. Cin. & St. Louis. .265, 317,
366, 379
Toledo Del & Burl
222, 317
Trunk
292, 378
Vicksburg Shreveport & Tex.. 265
Virginia Midland
265, 292
Virginia State Bonds
379
366
231, 316
Indianapolis & Evansv...231, 316
Indianap. & st. Louis
344
Hit. &
228, 231
231, 344
231
228
ind. Bloom. & West
Indianap. Dee. & Springf.
231
292, 313
Line Pooling Agree¬
ments
345
Trunk Line Rates
282, 303
U.
Union Pacific..289, 292, 317, 376
United N. J. RR. <fc Canal Co.. 288
V.
264, 292
Illinois Central...!
Hliuois Midland
378
378
Pennsylvania RR...265, 287,
358, 378
Petersburg RR
377
Philadelphia & Erie
263
Phila. & Read...231, 265, 292,
316, 345, 378
Pittsb. Cin. & St. Louis
292, 345
^
n
314
292
P.
315
231
Florida Cent. & Jacksonv
Cr«
291
378
265
Norfolk & Western
292
North Carolina State Bonds... 378
378
264
231, 343
Concord
New Orleans City Debt
N. Y. City <fc No
N. Y. Elevated....
N. Y. Lake Erie & West
N. Y. Penn. & Ohio..265,
N. Y. Texas & Mexican
N. Y. Woodhaven & Rock
Northern Central
Northern Pacific
North Shore, L. 1
O.
Ohio Central
Ohio & Miss
Ohio Railway
292
Chic. Pek. <fc Southwest
Chic. St. Paul Minn. & 0..315,
Chic. St. Louis & N. 0
Chic. & West. Indiana
Cin. Ham. Dayton
Ciu. Ind. St. Louis & Chio.231,
Cin. San. & Clev
Clev. Col. Cin. & Ind.264, 291,
315
Cleve. Tuscarawas Val. & W.J
New Cent. Coal Co. of Md
..
W.
Wab.St. L. & Pac
unexpected decrease is owing largely to the failure of the
but partially to the very low rates which have prevailed
on
through business for the last eight months, growing out of
i;he fight between Eastern trunk lines, over which state of
things it was impossible for our company to exercise any con¬
crops,
trol.”
*
*
*
“
The following statement shows the comparative earnings
and expenses per mile of road operated during the years
1880
and 1881:
Average No. of miles operated
Average earnings per mile
Average expenses per mile
Average net earnings per mile
5
,
,1880.
1881.
1,942
$6,398
4,009
2,389
2,624
$5,511
4,111
1,400
‘It will be
seen that the percentage of operating expenses
earnings is much larger than usual, or than could have
reasonably been expected at the commencement of the year;
and while this is no doubt the case with most of our neighbor¬
ing roads, I desire to say that extraordinary expenses were
chiefly due to the unusual severity of the weather during the
winter months, the damage to road-bed and bridges by wash¬
outs, caused by the spring floods, which, though unusually
severe, were repeated during the fall with still more disastrous
results.
These are the prominent causes for extraordinary
expenditures of money in maintaining and operating the road
during the past year.”
Of the new acquisitions the report says : “During the past
year there has been added to the Wabash St. Louis & PacifU
system the following roads, either by purchase or lease, viz.;
to
On
July 15, 1881. tlie Peoiia Pekin & Jacksonville, 72-9 miles In
was acquired by purchase.
On July 15, 1881, the Springfield <fe
Northwestern Railioad, 47-2 miles in length, was also acquired oy pur¬
chase. On August 15, 1881, the Detroit & Butler Road, 112*6 miles in
length, completing our line to Detroit, was acquired by purchase. On
September 1, 1881, the Indianapolis Peru & Chicago Road, running
from Indianapolis to Michigan City. 161 miles, was acquired by pur¬
length,
chase. On October 1, 1881, the Cairo & Vincennes, the Danville A
Southwestern and the St. Fraucisville & Lawrenceville Railroads,
267*3 miles in length, forming our “ Cairo Division,” were acquired by
purchase. The Q.iincy Missouri <fc Pacific Road was extended from Milan
to Trenton, a distance of 31 miles, and opened for business August 5,
1881. The Attica & Covington Branch, extending from Attica to Cov¬
ington, 14*5 miles, was built by this company and opened for business
Sept.
1, 1881.
A branch road leading from our Chicago Division
Braidwood Coalfields, a distance of 12 miles was built
by this company, but has not yet been opened for business.
The Des Moines & Northwestern Railway (narrow gau^e). leading from
Des Moines, Iowa, to Jefferson, Iowa, a distance or 66*9 miles, was
acquired by lease. We have also under process of construction a branch
line from Champaign to Sydney, a distance of 10*5 miles, connecting
to
the
Champaign Havana & Western Road with the main line, which will
be completed and ready for use. The St. Louis Jerseyville A
Springfield Railroad, built under the auspices of this company, from
Bates to Grafton, Ill., a distance of 75 miles, is now nearly completed,
and will soon be opened for business. The Des Moines <fe St. Louis Rail¬
North Carolina
366
£°al
&
Navigation Co..229 Western
road, from Albia to Des Moints, a dis ant e of 69 miles, is being built
^high & \\ llkesbarre Coal Co. 316 West. Union Tel
292,336, 366 under
Louisv. & Nashv
a lease to this company, and will probably be completed early in
216, 264,
Wisconsin Central
317
the coming summer. The Des Moines & Northwestern Road is being ex¬
292, 344
tended north of Jefferson, and will soon be opened for business to Eads
Station, 21 miles beyond Jefferson. This company' is also building, in
connection with the Chicago Burlington & Quincy Railroad, tne HumesANNUAL REPORTS.
ton & Shenandoah Road, from Humeston to Shenandoah, for the purpose
of forming a connection between our Missouri Iowa & Nebraska Road
Wabash St. Louis & Pacific.
and our Council Bluffs Branch, which, when completed, will reduce our
distance between Omaha and Chicago nearly one hundred miles, and
(For the year ending Dec. 31, 1881.)
The annual
give us a short and direct line between Omaha and all points East. In
report of this company is one of the most inter¬ connection with the Missouri Pacific Road this company perfected a
reports ever issued. As late as November, 1881, the quar- lease of the St. Louis Bridge, takiug effect October 1,1881. There is
"7
Per cent on the preferred stock was paid, every reason to believe that this lease will be remunerative.”
flLn??^'eri,traL
Lincoln
A-uox &
291
...
-...
r..I!I"!230
316
222, 317,
336, 367
Western & Atlantic (Ga.)
317
West Jersey
317
our
soon
ring
?!idend
c*ose
Hi!!1 °* tw»^2,038,
the
“
During the year 1881 we have laid 20,450 tons of steel rails
the accounts showed a deficit for
or a net deficit of $1,452,858, after deducting (213 miles) in the track of our main lines and 2,010 tons of iron,
on branch lines.
The total number of miles of road in opera¬
Th*101111114 surP^as $1,019,180 at the beginning of the year. tion
at
the
close
of
the year was 3,348 miles.”
ovat.^iqorf
eai*aings published monthly showed a large increase
r
lo80, and led the public to believe that the
The
are compiled for the Chronicle.
following
statistics
company was
laoir
year
I
406
,
ROAD
ANDTEQUIPMEKT.
2,470
3881.
3,348
458
280
*501
*372
15,005
*20,130
.
Total miles operated
Locomotives
Passenger, mail and express ears
Freight and all other cars
*
Includes narrow-gauge
THE CHRONICLE.
1880.
equipment.
OPERATIONS AND FISCAL RESULTS.
1880.
1,002,703
Operations—
Passengers carried
Passenger mileage
Rate per passenger per
mile
Freight (tons) moved
Freight (tons) mileage
Average rate per ton per mile
Earnings—
Passenger
j
-
Freight
Mail, express, Ac
97.774,570
2-398 ets.
4,583,187
1,105,783,390
0-8G2 cts.
$
2.344,452
0,582,334
551,320
12,428.112
7,787,349
Total gross earnings
Operating expenses
N<*t earnings
Per et. of operat’g expenses
4,010.703
02-05
to earn’
OUNT.
IS 80.
receipts—
Net earnings
4,0
i.
which promises to be the greatest ever raised in California.
The Southern Pacific Company has made arrangements to take
a
Panama Railroad.
(For the year ending Dec. 31, 1881.)
report of the General Superintendent says : “ The results
1881.
of our operations for the year 1881 are fairly satisfactory, and
3,215,200
137,114,727 although the returns from the west coast of South America
2-233 ets.
show a large decrease in the shipments of the products of the
5,303,917
on that coast, we have received more than enough
1,119,774,547 republics
from other sources to-offset this deficiency, and the year’s busi¬
0 028 cts.
ness shows an increase of merchandise tonnage passing over the
$
The operations of the Compaguie Universelle du Canal
3,007,980 road.
10,007,000 Inter-oceanique have given us a large increase of local traffic,
731,801 which wiil doubtless be
greatly augmented in the future. The
14, ■107,789 gross earnings in 1SS1 from all sources, including lighterage,
10,792,913 wharfage, sales of water, and ballast, rents, interest, and
3,074,810 exchange, &c., &c., amounted to $2,371;369, and the total ex¬
74-59
penses and disbursements of every kind, including government
subsidies, redemption of, and interest on, bonds, amounted to
1881.
$1,064,903, leaving a net balance of $1,300,400.”
1*0,703
3,074,8 1 0
277,245
statistics have been compiled for the
Total income
4,074,301
—
,
1,009.079
3,4 17.027
511,509
037,501
1,329,918
3,055,18 L
sur.1,019,180
(CONDENi
Miles
'-1*3,255
2.057,300
‘
GENERAL 15ALANCE SHEET
3,952,001
$
$
Total disbursements
Balance, surplus or deficit
AT CLOSE or EACH FISCAL YEAR
1881.
A ssefs—
$3,923,952
280,1.19
873,875
Railroad, buildings, equipment, Ac
Securities on hand
Materials, fuel, Ac
Construetion and equipnn lit aceoi;
Income account
3.116,529
Total..
Liabilities—
Stock, common
.
Stock, preferred
Funded debt (see Supplement;
Bills payable
435,802
1.212,215
11,578.8(50
1,452,858
88,200,175
$
122,338,GIG
21,011.500
20,453,000
20,921,500
23,(*33,200
42,094,853
00,241,858
830, / 03
2,082,231
1,019,180
.*
.
355.400
SS,200,475
Includes audited vouchers,
Freight (tons) moved
.
Earn ini,v—
Passenger
interest accrued, interest not clue,
un-
ending December 31, 1881.)
A press dispatch from San Francisco gives an abstract of the
report of tlie Central Pacific Railroad for 18S1, which will be
presented to the stockholders at the annual meeting, but will
not be issued in pamphlet form for some months yet. The
figures for 1880 have been compiled below for comparison.
Average miles operated in 1881, 2,707; miles in 1880, 2,467;
increase, 240 miles. Miles operated at tlie beginning of 1882,
year
2,865.
1881.
Operating expenses, including rentals...
13,859,300
12,045,069
$8,402,144
Income from other sources—
Land bonds redeemed from proceeds of
land
|b sales
Express contracts
J
420,000
592,050
202,500
20,000
Sinking fund earninas
on
$20,508,113
investments
200,000
348,140
254,(517
54,855
$11,529,950
Payments from income—
Interest
.'
Taxes, legal and miscellaneous.
.
.
Dividends
$3,715,325
720,121
827,941
opj jbjOoO
3,106,530
Requirements U. S. account of 1802-4 and
.
Total
Leaving
a surplus
and loss of
“
carried to credit of protit
1 llO construction npormnt.
the
on ha
hand December 31
1,200.000
$8,984,943
$7,949,796
$2,5 45,007
$1,370,200
i'll,!-
$160,128, the bills and accounts receiv¬
18S0.
1381.
20,801
107,432
52,113
168,645
101,743
$
$
$
1,972,60C
$
1
112,709
1,551,0$3
12,3(59
Total gross
478.294
.
Total (including taxes)
Nut earnings
lYret. of op. exp.
.
45,293
35,477
41,418
•39,683
532,410
1,227,292
504,017
1,202,144
047,962
523,592
1,014,030
1,419.014
30-25
29-50
38-91
20-54
to carn’ga
INCOME ACCOUNT.
,
p
$
1,202,141
IDS,887
195,213
Total income
1,582,443
1.051,749
Disbursements—
P
$
1,014,030 1,419,014
217,681
201,230
254,392
—
$
•
.1,227,292
190,209
Net earnin'.
Rentals and interest, Ac
Discount on subsidy.
1881.
1830
1879.
1878.
100,007
181,081
184,185
1,029,712 1,847,776
-
Interest on debt
Drawbacks on
Dividends. ..t
produce
7...
Subs’y to U. S. Colombia, Ac.
,
*
jj*
.$
239,889
12,932
8 10,000
270,853
270,747
450,604
9.939
910,000
6,706
1.120,000
2,398,200
250,000
250,000
'250,000
1,440,792 1,0 47,45 3
but.239,027 sur.210,957 clef. 17,741
Total disbursements— 1,342,821
Balance
10,767
35,000"
2,894,571
*1,046,795
bonds, $15,000;
Deficit, to which add redemption of subsidy
deficit in year’s lesults, $1,091,795.
Detroit
total
Lansing & Northern.
(For the year ending December 31,1881.)
The annual report states that the decrease of $20,877 iu net
earnings from 18S0 is due to large operating expenses, included
in which is the cost of steel rails, $61,312 ; iron rails, ^13,75^ ;
repairs of bridges, fences, buildings, &c., amounting in all to
$224,116.
The following shows the gross earnings, expenses ana net
fr\v fVvnr*
•
1878.
,
1881.
1880.
1879.
$230,734
691,372
38,920
$280,142
$314,074
780.704
42,021
852.931
35,515
Total-income
$970,033
Operating expenses.. 597,8.35
$1,108,932
$1,203,151
From passengers
From freight
From miscellaneous..
$370,474
959,814
47,409
4
$1,377,698
934,429
739,004
059,737
$75769
The following is a condensed statement of income account for
Net
ea’-ni'igs
$372,193
$104,146
$119,145
the year 1881 :
Balance of account
Less dividend paid
were
1879.
23,729
earnings... .1,759,702 1,700,701 1,002,592
$
$
$
Opera tiny Expenses—
008.274
400,933
403,109
Transportation expenses.
.
$9,320,050
$3,508,291
9
1,7(50,099
11,759
inpqmo
Total
481
oj
1,502,398
12,010
Freight
Mail, express, we
1880;
$24,094,100
28
410
200,748
Central Pacific.
(For the
14
21
-160
9
28
415
44
18,178
.
Other receipts
paid taxes, Ac*.
48
1 L
21
13
24,921
152,477
$
150,143
1,59(5,810
12,749
.
4,230,022
122,338,010
1381,
48
15
1S78.
Operations—
Passengers earned
Eeccipl.5Total liabilities
1880.
OPERATIONS AND FISCAL RESULTS.
Miscellaneous
P
1,500,000
payable
Sundry balances*
Roans
Income account.
107,058,815
operated
Locomotives
Pass., mail & express ears.
Freight ears
All other ears
0,421,128
ilef.2,4-72,037
1SS0.
Dividends
Chronicle as follows:
EQUIPMENT.
1879.
18 T8.
48
48
ROAD AND
Disbursements —
Rentals paid
Interest on debt
Taxes, rent of ears, Ac.
Dividends
*
hereafter to the Gulf of Mexico
large portion of this freight
European markets.”
for
The
33,001
receipts
Other
[VOL. XXXIV.
January 1, 1S31
Feb. 15, 1881, \il-2 per cent oil
preferred stock
able, $3,897,295, and cash, $613,255. The capital stock remains
the same—$59,275,500. The funded debt has been reduced to
$54,917,000. The $1,500,000 convertible'loan (seven per cent)
lias been retired, with the exception of $7,000, which remained
outstanding at the close of the year. The bills and accounts
payable at same date were $4,490,480. There was in the hands
of the trustees for the further
redemption of land bonds the
sum of $612,517, and uninvested for the
company’s sinking
funds, $S68,759, and for the hospital fund, $103,921.
The
company sinking funds amounted to $4,816,659, exclusive of
that in the United States
Treasury, amounting to about
$1,500,000.
Twenty thousand tons of steel rails have been
placed on the main track, bridges renewed, trestles filled, and
Net earnings year
Interest received
waterfront.
Detroit
Total-.
$iC2,973
S7,61o— $13,357
443,269
_
>
„
3,043
- •
T$i02,270
:
.
extensive dock and terminal structures added at the Oakland
The,disbursements have been
as
follows
Annual interest—
On Detroit Lansing Sc Northern bonds
On Ionia, A Lansingbmids
On Detroit, Lansing & Lake Mich, depot
Seven per
:
bonds
cent dividend on preferred stock
B dance to credit of income account after
paying
$171,010
01.0.90
2,916
'175,231—
dividend of
‘‘During the year 1881 the bonded debt was increased
sale, at 17/2 per cent to ’17% per eent premium, ot
^
by noo
Lansing & Northern Railroad Company’s i Pe
ing 18S1 was insufficient to carry off the wheat supply, and it is mortgage
gage bonds
Donas aue
i, 1907,
wu/, the
me prncipal
^
due January
January 1,
ot•‘
estimated that 15,00°,000 bushels of the crop of 1881 remain to was applied to the payment
of $81,000 Ionia & Lansing
be moved to tide-water, independently of the
growing crop, road Company’s second mortgage 8 per cent bonds, wine
.
The tonnage of vessels arriving at the port dur¬
,
,. t
R.il^
April 8,
THE CHRONICLE.
5883.]
tured November 1, 1880, and to the completion of the Stanton
Branch. The premium paid upon the bonds was applied to the
purchase of equipment for the road.
‘•The bonded debt was!decreased by the payment of
$50,000
Detroit Lansing & Lake Michigan Railroad Company’s depot
ground 7 per cent mortgage bonds, due Nov. 1, 1881, the
amount now being carried as a floating debt to be ultimately
407
^5
division most of the year, and
part of the line has been
definitely located. Grading tools and other supplies have
reached San Bias, and I expect the work of
grading will soon
be commenced on that
a
division.
“
It is
expected that the road will be completed to Leon, 262
miles, by June 1, and to Chihuahua, 224 miles, at the same
date.
Contracts have been made for all the
principal
materials,
provided for from the sale of bonds of the company, due Jan. including rolling stock, to complete the road from
the City of
1,1907, reserved for that purpose.”
Mexico north, 450, and from Paso del Norte
south,
375 miles,
GENERAL BALANCE SHEET DECEMBER
HI, 1331.
during this year.
Construction
$G, 026.710 Common stock
‘‘Materials for the construction Oi 475
$1,825,600
miles, to complete the
E(imniJK‘?it
6 22. 975
Preferred stock
2,506,600 main line in
1SS3, should be contracted for at an
Hills receivable
63,515 Ponded debt
8,213.000
early date.
Our relations with
Cash.--..180,512
“
“
Supplies (mater ul£,<Ac.
ondmnd)
Duo from other roads
and agents
TJiiearnc.il ins. prem....
Ninth National Hank,
New York (on deposit)
Chas. Men iam, trustee
Trustees !>. L. A: N. 1IR.
feiilking
51,421
44,177
Unpaid coupons
Accrued interesttoilnto
1,105
110,305
Unpaid vouchers
State taxes, 1 SSI, duo
84,278
6,023
July 1,1882
Saginaw Valley and St.
32,603
520
6,160
J). L. A N. liK. 8. F....
ineoine account...
83.216
5-(,l t2
130,127
Louis Railroad
land
12S,142
Total
Total
$3,011,463
Savannah Florida & Western.
year
This company owns a
entirely
and
business.
“The2 earnings
not inefinding
been
ending December 31, 1S81.)
main line from Savannah Ga., to Bain-
are
the
Interior, and all
other officers have not
only treated the company and its officers
with entire good faith, but have often
exceeded tlieir obliga¬
tions by
allowing the company to go on with their construction
without waiting for the approval of our
plans, as prescribed by
the law concession, on our
assurance that the work shall be
made satisfactory to them.
“earnings
$3,011,168
(For the
the Government of Mexico
satisfactory. The President, the Minister of
since the opening of the road to the latest date,
any earnings on the company’s material, have
follows
as
1S81.
September
Passon gorU
Freight.
Total.
$764
$3,129
$2,365
October
November
December
-
‘ 6.9 10
T 1.184
4,213
bridge, 237 miles, an extension of two miles to the wharves in
.*
8,385
6, l (#7
14,492
Savannah; the Junction Branch, 4 miles, near Savannah, a con¬
14,500
10,159
24,659
1." 82.
nection with the Charleston & Savannah-Road; the
Jacksonville January
15 115
3 2,058
Branch, from Way cross, Ga., to Jacksonville, Fia., 71
29,073
miles; February
19,013
17,404
36,538
the Florida Branch, from Dupont, Ga., to Live
Oak, Fia., 49
Total
miles: the Albany Branch, from
$66,351.
$51,727
Thomasville, Ga., to Live Oak,
*dnchides, also, the miscellaneous earnings—express, extra $118,078
Fla, 59 miles; a total of 422 miles.
baggage,
etc.
The Jacksonville Branch,
though really owned, is nominally
“subsidy.
Tinder two separate organizations, the
Waycross & Florida,
“A settlement has been made for the
from Waycross Jo the Florida line, and the Fast
subsidy due on the first
Florida, thence 150 kilometres of road
to Jacksonville.
constructed, amounting to $1,049,000, for
which the Mexican Government is now
The company has furnished the
issuing to the company
following statement of the duty certificates, in accordance with
the terms of the con¬
operations for the year 1851:
cession.” * * *
Freight
Passage
$850,674
206,698
36,3s L
Mail service
Incident ids
167,67 4
Total ($3,131 35 per
mile)
Administrative department
$1,321,428
$68.013
358,010
207,675
Roadway department
Locomotive department
Car
department
110.302
>
„
Transportation department
308,573
Total expenses (79-66 per cent)
Net earnings
Inter* st
Interest
on
on
($637
per
funded debt
open accounts
Surplus for the
1,052,COG
mile)
$248,822
$189,119
.
2,138
-191,558
year
$77,263
The surplus was equivalent to 3*86
per cent on the stock.
A
practical reconstruction of the road has been in
progress
since
it passed into the hands of the
present company, and its
ment has been
very
equip¬
largely increased.
Last year was the first ip. which the Jacksonville Branch
was
worked. The company has in
progress an extension from Bainbridge to Chattahoochee (where connection will be made with
the new Pensacola &
^Atlantic Road) and to East Pass at the
mouth of the
,Division from
Gazette.
is
Apalacliicola; also
Live Oak
an extension of the
toward South
Florida
Florida.—Railroad
Mexican Central.
(For the year ending Dec. 31,1SS1.)
The Mexican Central Railroad, under Boston
management,
building the through route from El Paso to the City of
Mexico, with branches. At the annual meeting in Boston,
April 3. Mr.
Thos. Nickerson, the President, submitted liis
.annual report, from which the following is condensed :
“CONSTRUCTION—MAIN LINE.
“
Fair progress has been made in the work of
construction
.
A condensed balance sheet of the Treasurer is
A‘■SILTS.
Conatrvctlon,
follows:
$3,689, 150
Guanajuato, Division—
Main .Division
as
Purchase
and cast to
date of 13Uj miles of
narrow gauge
road
from Celaya to Ra¬
pe ato
539,191
238,423
Equipment—
Chihuahua. Division...
Tampico Division
Vessel proper;}'
Miscellaneous acets...
Expenses pd.at Rost oil
Material and supplies.
Cash assets
S in dry personal acets.
State subsidy acets....
Accounts of the Mexi¬
can oilices
$10,986,311
410,826
106,532
36,407
81,514
97,995
177,792
2.330, r 06
'
Subscriptions
Subsidy, amount duo
for
llrst 150
metres road
Unpaid vouchers
$3,080,000
0,034,837
kilo¬
906,914
26,973
Unpaid drafts
Notes payable
I neuranco
218,569
11.033
unadj us ted.
1st mold, coupons,
4,028
duo
Jan. 1, 188 2
102,550
Juudry personal acets.
exch.. 60 days
611
'245,614 .Sterling
666,107
54,847
42,227
Accounts of the Mexi¬
can
oilices
Profit and loss
531,762
23,776
account
212,581
Total
The
414,000
LIABILITIES.
1st mort. 7 p. ct. bds.,
due in 1911
8 0,893
:
$377,387
Total assets.
Chihuahua. Division.. J
Tampico Division
Mai,i Division
follows
as
Mexieaii Governin'tDue en subsidy
Monte do Piedad
liabilities....$10,986,311
report also presents the following facts:
SUBSCRIPTIONS.
The total amount subscribed to the
enterprise is as follow's:
Under Circular No. 1
$5,397,500
Under Circular No. 2
11,367,000 -$16,701,500
Of which subscriptions there lias been called and
paid in—
Under Circular No. 1
.$4,509,987
Under Circular No. 2
3,974,850
—8,574,837
Leaving to be called in as needed
8,189,662
$16,764,500
Against the subscript ions paid in, amounting in nil to
There has been issued to the subscribers in first
Leaving
$8,574,837
mortgage
bonds
-
a
2,540,000
balance to the credit of subscriptions to the
amount of
during the
■.
$3,031,837
In addition to the first
past year. On the main division, from the City of
mortgage bonds issued as above
Mexico north, the. road was
stated,
there lias been issued and paid to R. It. Svmon and
completed
and
opened
business
for
to Tula,
57/2 miles, Sept. 15, 1881 ; to San Juan del Rio, 110 associates, as concessionaires, the sum of $390,000. Bonds also
miles, Dee. 15, 1881 ; and to Queretaro,
153'miles,JFeb. 16, 1SS2. to the amount of $150,000 have been issued and placed on
By the latest report, March 21, the road
had reached 176/1 deposit in the Monte de Piedad of Mexico as a guarantee
to
miles north from the
City
of Mexico ; and it was expected to the Mexican Government under the terms of the concession.
reach Celaya, 182
Tlie amount of first mortgage bonds issued and delivered to
miles, on March 30, at which print we reach
the 37 miles of
date is as follows:
road
narrow-.gague
purchased
by
us,
the
track
of which will be
immediately widened to our standard gauge. To the subscribers
$2,540,000
This work is
expected to be complete, so that the road can be To it. It. Symon and associates
390,000
To the Monte do Piedad
opened to Irapuato, 219 miles,
150,000
early in April.
“
CHIHUAHUA
Total.
DIVISION.
“Feb. 28, 18S2, the track had been
completed 105 miles from
Paso del Norte south. General
Superintendent Anthony tele¬
graphs March 29 that 122 miles have been
constructed and
approved by the Government
engineer.
“
TAMPICO
DIVISION.
“The progress of construction on the
Tampico Division has
been very
slow, mainly for want of laborers. I have
sent about one
thousand men from New Orleans, and recently
we may
expect better progress hereafter. The
latest report from this
division shows about
forty miles graded and twenty railed.
“
“A
PACIFIC DIVISION.
large party of engineers has
been
employed
on
this
GENERAL
'...$3,080,000
INVESTMENT NEWS.
Boston Iloosac Tunnel & Western.—A dispatch from
Albany,
April 5, said: “The Attorney-General rendered his decision
to-night in the case of the people of the State against the Bos¬
ton Iloosac Tunnel & Western Railroad
Company and others.
The cause of the action, the Attorney-General
says, is that the
company claims to be a consolidated company, while it ha3
never lawfully
perfected the consolidation claimed, and was
exercising powers and privileges which it had no right to do
under the laws of the State. The application, therefore, for a
discontinuance of the proceedings is denied. The place of trial
IRE
408
rvoL. XXXIV.
CHRONICLE.
For stock of Short
at the request of counsel for the company from
Onondaga County to Chenango County.”
Chicago Milwaukee & St. Paul.—A press dispatch from
Chicago, April 2, said : 41 The Chicago Milwaukee & St. Paul
Railroad has absorbed four additional roads, namely, the Hast¬
ings & Stillwater, the Illinois & Wisconsin from Rockford to
Rockton, the Janesville Rockford & Beloit and the Iowa East¬
ern from Bulup to Elkador, in Clayton County, Iowa.
The
transfers were all made quietly, the unanimity of the stock¬
holders of the roads rendering publicity of the transactions
unnecessary. The aggregate value of the four lines transferred
is about $2,000,000. The amount paid by the St. Paul Road in
cash was probably not over one-fourth of this sum, as it had
already advanced largely to aid their construction.”
Chicago Texas & Mexican.—This company, promoted by
Boston parties, has failed to meet its obligations.
Trains
run between Dallas and Cleburne are in charge of deputy
Line Co. at par, (together
with past-due
July 1.1877, $139,000)...
$1,389,000’
Principal and interest of above bonds to be guaran¬
teed by Baltimore A Ohio.
For stock of Cincinnati A Baltimore Co. at par; bonds
issued therefor to bear interest at 6 per cent per annum,
payable semi-annually from the same dates as other
bonds issued under this mortgage
1,250,000
Holders of this stock at time of depositing same will
receive at their option the reorganization certificates,
as above provided, or such certificates entitling them,
on completion of the reorganization, and on surrender
to the Trust Company of certificates so received
(instead of the said first mortgage bonds), to certificates
of a preferential stock, in shares of $100 each, of new
or consolidated company, for par of the shares so de¬
posited, with six per cent annual dividends, cumula¬
tive, guaranteed by it, payable semi-annually, pari
:
passu with interest on the first mortgage bonds, and
prior to the interest on any lower class bonds issued
under this plan. The issue of first mortgage bonds will
be reduced by the amount of such preferential stock.
is changed
rentals prior to
Total first mort. b’ds subject to reduet’n as above
The payment of all rentals due under present
nati A Baltimore and Baltimore Short Lino will
1881, and will then cease.
stated. $7,185,000
leases of the Cincin¬
sheriffs.
Columbus Hocking Valley &
business of 1881 is as follows :
Gross earn in ?s
Expenses, 52% per
Toledo.—A statement of the
$2,510,750
.
1,329,168
cent
$1,190,582
*622,880
Total interest charges
$567,701
Equal to 5^ per cent upon the present capital stock of
$10,317,200.
Cleveland Akron & Columbus.—The Ohio District Court
has reversed the judgment of the Court of Common Pleas and
Bet aside the decree of foreclosure and sale under which this
company
acquired the Cleveland Mount Vernon and
Sterling bonds will be
issued on above basis, if desired, to holders of
bonds.
Second.—Second mortgage bonds having fifty years to run from Nov. 1,
1881, with interest therefrom at the rate of 5 per cent, payable
semi-annually, on the first days of January and July in each year,
the first coupon to cover interest from November 1, 1881, to July l
1882, and payable on October 1, 1882.
For principal of the second mort. bonds of M. A C. RR. Co. $2,500,000
For two-thirds of face of coupons on same to Nov. 1, 1881,
amounting to
540,000
old sterling
Total second mortgage bonds
$3,040,000
Third.—'Third mortgage bonds having fifty years to run, from Nov. 1,
1881, with interest at rate of 3 per cent per annum for first tea
years, and 4 per cent thereafter to maturity thereof, payable semi
annually on first days of February and August in each year, the
first coupon will cover interest from Nov. 1, 18S1, to Aug.
and payable on Nov. 1, 1882.
For one-third of the face of tlic coupons on the second
Delaware
The decision of the lower court was reversed on the
ground that it was an error on the part of the Common Pleas
Court to allow the sale to proceed while an appeal was pending.
Road.
bo paid to Nov. 1,
& Rio Grande.—At the annual meeting of the
stockholders of the Denver & Rio Grande Railway, at Denver,
over $20,000,000 of stock was represented.
The annual report
shows the gross earnings in 1881 as $6,244,000; net earnings,
mortg. bonds of the M. & C. RR. Co. to Nov. 1,
amounting to
For two-thirds of the principal of the third mortg.
of the M. A C. RR. Co
Denver
t2,624,000;
ividends, $1,255,000.
fixed charges,
Four$1,369,000;
quarterly amount
dividendsapplicable
were paid,
to
1881,
bonds
1, 1882,
$270,000
2,000,000
Total third mortgage bonds
•$2,270,000
Fourth.—First income mortgage bonds, having fifty years to run from
Nov. 1,1881, with interest at the rate not exceeding 5 per cent, noncamulative, payable, if earned, from its net earnings realized after
paying the expenses incurred in maintaining and operating its rail¬
c-
way and equipment, and the prior fixed charges thereon.
amounting to $914,000. The mileage increase for the year was
For one-third of the principal of the third mortgage bonds
of M. A C. RR. Co. (being the remainder thereof)
$1,000,000
380 miles; increase in gross earnings of 1881 over 1880, 79 per
For the face of the coupons thereon to Nov. 1, 1881
1,910,000
cent. The amount of freight carried in 1881 exceeded that of
For amount of assessment to be paid on capital stock of
1880 by 74 per cent. The board of directors was increased to
the M. & C. RR. Co., estimated at
500,000
nine members. The following-named were elected: William J.
Total first income mortgage bonds
$3,410,000
Palmer, William A. Bell, Charles T. Woerishoffer, D. C. Dodge,
Lyman K. Bass, H. A. Risley, A. Engler, C. B. Lambar and J. Fifth.—Second income mortgage bonds, having fifty years to run from
Nov. 1, 1881, with interest thereon at not exceeding 5 per cent, nonW. Gilluly. The meeting authorized the lease of the Denver
cumulative, payable, if earned, from its net earnings realized after
& Rio Grande Western Railroad.
paying the expenses incurred in maintaining and operating its
railway and equipment, and the prior fixed charges thereon.
Lehigh & Hudson.—The Lehigh & Hudson River Railroad
For the principal of fourth mortgage bonds of the M. A C.
RR. Co
$4,000,000
and the Warwick Valley Railroad have consolidated, and wil’
%
.
hereafter be operated as one road under the name
& Hudson River Railway Company.
Long Island Railroad.—The
road to the Long Island
price paid being $61,250.
of the Lehigh
sale of the North Shore Rail¬
Railroad Company was completed, the
Trains will begin running through'to
Great Neck in two or three days.
—This company’s issue of new 5 per cent consolidated bonds
Las been placed in London, through Messrs. Drexel Morgan &
Co., the bonds being quoted there at 97.
Marietta & Cincinnati.—The following is a
synopsis of the
plan of reorganization of the Marietta & Cincinnati
Railroac
Company:
The Marietta & Cincinnati Railroad and branches, the Cin
cinnati & Baltimore Railway Company and the Baltimore Shor
Line Railway Company are to be consolidated or united, so that:
Holders of the stock of the Cincinnati & Baltimore Railway
Total second income mortgage bonds
The income bonds will be entitled to one vote
holders on every $100 of the par thereof.
$4,000,000
at all meetings of stock¬
M. & C. RR. Co. will be
required to pay to the Trust Company, or itfr representatives,
at the time of depositing their bonds, one-half of one per cent
The holders of all the bonds of the
of the face of the
principal of the
expenses of reorganization. .
The mortgages to be given
same
toward defraying the
to secure the respective
bonds
covering the entire property of the new corporation will pro¬
vide that in case of default iu the payment of the interest
thereon, the principal thereof will mature within such time as
the reorganization committee may determine, and shall contain
such other provisions as counsel advise will best secure the
The new or consolidated company will assume the payment
of the principal and interest of the present first mortgage bonds
of the Cincinnati & Baltimore and Baltimore Short Line Rail¬
payment of the bonds.
To provide for the payment of the indebtedness of the
receivers, or reorganization certificates representing same, there
will be issued, ou the completion of the reorganization, prior
lien bonds not exceeding $500,000, with interest thereon not
exceeding 4/£ per cent from the date thereof, payable semi¬
annually, secured by a prior mortgage of the consolidated com¬
pany having not more than ten years to run, which shall be the
first lien on its railways and properties; or said indebtedness or
any part thereof may be paid in cash at the option of the com¬
mittee; (the committee expect that, before the issuing of these
bonds, the receiver’s indebtedness will be reduced, from the pro¬
ceeds of the sale of that portion of the railway now in disuse,
as hereinafter provided, or otherwise, so that this issue will be
Companies, and the Portsmouth Branch, amounting to
same
Company (amounting to $1,250,000) will receive first mortgage
new or consolidated company at par, bearing six
per cent interest, payable semi-annually, or its preferential
stock, as hereinafter provided.
Holders of the stock of the Baltimore Short Line Railway
Company (amounting to $1,250,000) will receive first mortgage
bonds of the new or consolidated company at par, bearing four
and a half per cent interest, payable semi-annually, and in full
of rentals due prior to July, 1877, amounting to about $139,000.
bonds of the
$1,550,000.
much less than the amount stated.)
Holders of the receiver’s certificates upon transferring
to the reorganization committee and depositing same
Trust Company, will receive certificates therefor
thereon the amounts as hereinafter provided. Reorganization
certificates will be issued to them therefor; and on the comple¬
tion of the reorganization the holders of such certificates, on
may determine, for the amount of the certificates so
The Farmers’ Loan & Trust Company of New
to
trustee under this plan, and of the respective mortgages
executed by the consolidated company. '
way
with the
The holders of all securities of the M. & C. RR. Co., and of
entitling the
the stock of the C. & B. and Balt. Short Line railway companies,
must forthwith deposit the same with the Farmers’ Loan & holders, upon the completion of the reorganization, to the prior
lien bonds above described, at par, or cash as the committee
Trust Co., trustee. No. 26 Exchange Place, New York, paying
surrendering the same to the trust company, as provided in the
reorganization agreement, will receive
BONDS OF THE NEW OR CONSOLIDATED COMPANY.
First.—First mortgage bonds having fifty years to run from Nov. 1,
1881, with interest at 4*2 per cent, payable May and Nov., the
coupon for the first six months pavable Sept. 1,1«82.
For principal of first mort. bonds of the M. A C. RR. Co... $3.500,OCO
For the face of the coupons thereon to Nov., 'SI, and scrip..
1,046,000
deposited.
York
CAPITAL STOCK.
act as
to be
„
First.—Holders of the first preferred stock of the M. & v.
RR. Co., upon transferring the same to the reorganization com¬
mittee, and depositing their certificates with the Trust
pany, and at the same time paying an assessment
dollars and a half per share in cash, will receive
Com¬
therefor
entitling the holders,
upon
of two
certificate*
completion of reorganiza-
Arno,
THE CHRONICLE.
e, issa.j
tion, to first income mortgage bonds of consolidated railroad
company at par, for amount of assessment paid, and certificates
of preferred "stock of the consolidated company for par value of
shares deposited.
Second— Holders of the second preferred stock of theM. &
0. RR. Co., upon transferring the same to reorganization com¬
mittee, and depositing their certificates with Trust Company,
and at the same time payiug an assessment of
50 per share
in cash, will receive certificates entitling the the hojders,
upon
completion of the reorganization, to first income mortgage
bonds of consolidated company, at par, for the amount of assess¬
ment paid, and certificates of preferred stock of consolidated
company for one-half of the par value of shares deposited,
and certificates of common stock of the same company for the
other half of the par value of shares deposited.
109
cash
paid in is $20,000,000, being $8,000,000 under the ‘ blind
pool’ of February, 1881, and $12,000,000 under a second or
sup¬
plementary subscription made in the following June. In addi¬
tion to the controlling interest which the
Oregon & Transconti¬
nental holds in the Northern Pacific and the
Oregon Railway
& Navigation properties,
about 200 miles of branch lines of
railway have been constructed by the Oregon & Transcontinental
Company, and a large amount of similar work laid out for the
present and succeeding years.”
Philadelphia & Reading.—The managers have notified the
trustees of the general mortgage loan, the
Fidelity Safe De¬
posit C impany, that the whole loan will be called in and
paid
July 1, 1882. It seems evident from this that there must be
some definite
proposition for the sale of a large amount of the
new 5 per cent
consols, or some good assurance of obtaining the
money, or else the managers would hardly assume the risk of a
Third.—Holders of the common stock of the M. & C. RR.
Co., upon transferring same to reorganization committee, and failure to
pay after this positive announcement. With the over¬
depositing their certificates with Trust Company, and at due coupon
of Jan. 1, 1882, and that due July 1, each bond will
same time paying an assessment of $1 50 per share in
cash, be worth 106. The bonds are not
payable till 1908, and the
certificates
will receive
entitling the holders, upon the comple¬
tion of the re-organization, to first income mortgage bonds of sinking fund provisions for annual drawings can hardly be in¬
consolidated company, at par, for amount of the assessment terpreted as giving the right to call in the whole loan, so if any
bondholder should refuse to receive payment, he could not be
paid, and certificates of common stock of the same company for compelled to do so.
the par value of shares deposited.
Mr. Franklin B. Gowen sailed for
Europe, by the steamer Ari¬
Fourth.—The B. & 0. RR. Co., upon transferring to the
zona, April 4.
Before his departure President Gowen prepared
reorganization committee, and depositing with the Trust Com¬ an address to the
stockholders, which contained the following :
pany the unpaid coupons of the fourth mortgage bonds of the
M & C. RR. Co., owned by it, and all its claims against same, To the Shareholders of the Philadelphia d Reading It. R. Co.:
In the month of December, 1880,1 perfected
with evidences thereof, and not hereinbefore provided for,
a plan for the financial
relief of the company, which received the
approval of the managers,
amounting together with such coupons to the sum of $6,200,- the receivers,
and an influential committee representing jj 11 interests in
000, will receive certificates therefor, entitling holders upon the company’s obligations. This plan involved
the reduction of fixed
completion of reorganization to preferred stock of consolidated charges by the sale of deferred incomo bonds to pay the floating debt,
and by the issue of new five per cent
mortgage consols for the payment,
company to the amount of $3,100,000 and common stock of
exchange,
purchase of
present obligations bearing a higher rate of
the amount of $3,100,000.
interest.
In January, 1881, I
successfully placed the entire issue of
deferred
income
Fifth.-—He iders of floating debt of M. & C. RR. Co., upon
bonds, and in February, 1*81, I was about sclliug
of the new five per cent consols. * * * * On
transferring same to reorganization committee, and depositing $40,000,000
Monday of
last week the injunction was vacated, and for llic first time for
thirteen
with Trust Company evidences thereof, to receive certificates
months the company was enabled to^ deal with its affairs. About
therefor, entitling the holders upon the completion of reorgani¬ million seven hundred thousand dollars of floating debt have one
since
been paid, the remaining instalments of the deferred income
sation to preferred stork of consolidated
bonds
company for one-hilf
amounting
to
over
millions
eight
of dollars have been called in, the
of same, estimated at $75,0 JO, and to common stock of same
board of managers has authorized the creation of the new
mortgage
company for the other half thereof, estimated at $75,000.
securing the five per cent consols, and it is proposed to sell sufficient
of these bonds to pay off and purchase at least
The assessments received on bonds and the
forty million dollars of
capital stock is
obligations bearing a rate of interest of six and seven per cent. The
estimated to be ample to pay all the expenses of the
reorgani¬ imm ediate effect of this will be a reduction of fixed charges
of at least a
zation, and to provide full and much needed equipment.
million of dollars, as follows:
The respective creditors must deposit their securities and
By issue deferred income bonds
$600,000
evidences of debt, as herein provided, on or before the 15th
By issue $40',u0u,000 five per cent consols
day
400,000
-of April, 1882. The railways and
properties will be sold under
Total
a foreclosure of such
mortgage or mortgages as counsel advise The funded debt of both companies, i. e., Railroad and Coal $1,000,000
will best subserve the intent and purpose of the
and Iron Company, is now
plan of reor¬
$94,177,194
including $5,010,000 general mortgage bonds owned by
ganization; and it is expected that the portion of the railway
the
company.
now in disuse and on which,
by order of the court, operation The leased
lines and
other obligations upon which in¬
has heretofore ceased, will be sold
terest
is payable by the company as rentals and for
separately, and the proceeds
thereof applied toward the payment of the prior lien thereon
guarantees amount to
$57,332,255
the
same
company to
the court may direct.
If two-thirds in interest of the creditors of the Marietta Com¬
pany, and of the stockholders thereof, shall not deposit their
securities as herein provided on or before the fifteenth
day of
April, 1882, then the holders of the securities deposited will
unite to protect their own interests at foreclosure sale of rail¬
way and properties under such plan as they shall hereafter
or
as
.
Total, which excludes floating debt, receivers’ certifi¬
cates, and arrears of interest due
$151,509,449
The present fixed charges upon the above amount are in
round numbers
The proposed five percent mortgage will be
for$160,000.000, and will provide that $151,000,000 can only be
issued for the purpose of retiring the above obligations,
and under it within a short time the fixed charges of
both companies, representing present indebtedness, can
determine.
Holders of securities in Great Britain or
Europe can deposit
their securities with representatives of trust
company and of
committee in London, and receive therefor receipts
entitling
them to reorganization certificates as above
provided.
Memphis & Charles'on.—At a meeting of the board of
directors of the Memphis & Charleston Railroad, held in Mem¬
phis Aprill, the plan for consolidation with the East Tennessee
Virginia & Georgia Railroad was favored, and the stockholders
have been called to meet on the 22d of June to confirm the
pro¬
posed consolidation.
N. Y. Lake L rie &
Western.—By the agreement between the
Erie Railroad and the New York & New
England Road, the
Erie & Pacific
Dispatch is receiving freights at the West for New
England points, via Newburg. This direct route for New Eng¬
land freights should
prove to be profitable after the business has
been
developed.
Norfolk & Western.—The following are the official
figures
of the
earnings and expenses of the Norfolk & Western Rail¬
road Company since it
passed into the hands of its present
owners up to the first of
March, 1S82, showing a net earning of
$553,433, after paymg all expenses, taxes and interest on the
funded debt:
'
Credits
to
income—Gross earnings :
1*81, to January 31, 1882
{ebruaiy 10,
interest and discount balance
Ulurges to
February
interest
income—Operating
9,313— $2,384,318
expenses
10, 1881, to January 31, 1882
on
$2,225,346
landed debt
(including taxes):
$1,091,906
641,352—
1,830,885
Sm-pius February 28, 1882
-Dividend No. 1 preferred stock
$553,433
Net surplus
February 28
$403,433
Oregon
l50,OoO
& Transcontinental Company.—The
Evening Post
S APril 1 said : “ The ‘ blind pool/ or purchasing
be reduced to
The net earnings of last year were over
In 1882 they may be expected to reach
And they will before lung be over...
With net earnings of
And fixed charges of
was
closed up
8,000,000
10,000,000
11,000,000
12,000,000
12,000,000
8,000,000
—there will remain a dividend fund of $4,000,000, equal to about six per
cent on the share capital and six per cent upon the par, or twenty per
cent upon the issue-price of the deferred income bond*.
When t he issue of these deferred income bonds was first made, I urged
every shareholder to subscribe Ills quota, and out of an issue of
$31,300,000, nearly $20,000,000 were taken pro rata by shareholders.
Since then large sales of shares have been made, and Messrs. McCalmont Brothers & Company have transfe rred their entire holdings of
common stock—161,000 shares.
I strongly advise all recent, purchasers
of shares, who had no opportunity of subscribing last year, to buy de¬
ferred income bonds, which arc now selling at a si ght advance upon,
the subscription price, to an amount equal to their share holdings.
Shareholders who do not hold deferred income bonds must be content
for some years with six per cent dividends upon their shares, while
those who are holders of the deferred income bonds may confidently
expect a much larger return upon their investments - As the issue of
the deferred income bonds will necessarily restrict dividends upon share
capital to 6 per cent lor some time, it is greatly to the interest of the com¬
pany that the holders of the latter, wco control the mana?. ernent of the
company, should also be owners of the former; and for this reason, as
well as for those above given, I consider it to be my duty to advise all
shareholders to hold equal amounts of both shares and deferred income
bonds. I am about visiting Eurone to complete the financial negotia¬
tions in whi li I was interrupted by the liligation of .Messrs. McCalmont
Brothers & Company last year, and in my absence Mr. George De B. Keiin
has been elected, and will act as, President pro tern, of the company.
Franklin B. Gowen, President.
Richmond & West Point Terminal Railway and
house.—The board of directors of this company give
Ware¬
notice
that in pursuance of authority granted to increase the capi*
tal stock from $5,000,000 to $15,000,000, they offer to stock¬
holders of record as of April 15, 1882 (on which day the books
will be closed, the privilege of subscribing, on or before April
20, 1882, to the new stock to the extent of double of their hold¬
ing at $25 00) twenty-five dollars per share, payable in monthly
instalments of $5 00 per share, with the privilege of anticipate
i
ng.
Vicksburg
syndicate, of
to-day by the payment of the April 6, says :
??Te^aQd
last instalment of the subscriptions to the stock of & Ship Island
wie
Oregon & Transcontinental Company. The whole amount of of New York,
Henry Villard
9,200,000
& Memphis.—A press dispatch from Vicksburg,
“ The Vicksburg & Memphis and the Vicksburg
railroads have been sold to R. T Wilson &. Co.*
for $400,000.”
THE CHRONICLE.
410
[Vol. XXXIV.
COTTON.
3p*e Commercial %imcs.
Friday. P, M.,
April 7. 1882.
The Movement of the Crop, as indicated by our telegrams
from
the South to-night, is given below. For the week ending
COMMERCIAL EPITOME.
this evening (April 7), the total receipts have reached 44,467
Friday Night, April 7, 1882.
bales, against 54,035 bales last week, 61,916 bales the previous
week and 57.454 bales three weeks since; making the total
The weather has not been particularly favorable or spring¬
receipts
since the 1st of September, 1881, 4,335,107 bales, against
like this week; that, and the further fact that the week is one
5,176,322
bales for the same period of 1880-81, showing a decrease
of special religious solemnity with a large class of citizens,
since September 1, 1881 of 841,215 bales.account for the circumstance that business has not been active
Thurs.
Mon.
Tues.
Wed.
FH.
Sat.
Total.
in any department. A higher temperature is needed, and this,
Receipts at—
with the Easter holidays passed, may be expected to bring a
340
*641
3SO
942
054
1,525
4,488
Galveston
more active trade in a general way, and with seasonable mer¬
05
05
Indianola,
&e.
chandise in particular. The speculations in staples of agriculture
267
1,908
1,588
1,053
1,739
1,808
New Orleans...
8,533
now begin to be affected largely by crop prospects, aud these
61
425
299
109
641
129
1,064
have been fairly good in the past week from nearly all sections. Mobile
39
38
Florida,
The following is a statement of the stocks of leading articles
404
1,1G2
021
1,181
1,031
5,513
1,054
Savannah
of domestic and foreign merchandise at dates given:
....
....
....
....
-
Brunsw’k, &c.
1882.
Mcli.
..
4.114
3.004
2,143
tcs.
bales.
73,028
20,214
53,715
20,339
21,051
40.323
42,331
37,843
20,948
101,019
10,911
Sugar
hhds.
boxes.
bags, Ac.
300,774
hhds.
hhds.
Melado
Molasses, foreign..
Molasses, domestic.
Hides
Cotton
Rosin
Spirits turpentine
.
Tar
Rice, E. I
Rice, domestic..
.
...
24
327
59,919
......
387,073
.
20,938
23,730
30,487
70,930
02,300
133,COO
37,810
0,951
870,173
300
....
1,220
4,000
3.500
4,258
3,000
No.
bales.
bbls
bbls.
bbls.
207.000
238,000
322,982
258,000
202,524
27,335
1,587
71.407
059
1,193
bags.
17,400
18,540
339,777
30,062
4,034
.
3.542
940
11,72 3
.bbls. and tcs.
1,940
1.720
2.210
bags.
05,220
11,750
2,000
03,000
G7,000
9,500
20.700
20,500
48.200
14.015
17.797
212
Linseed
bans.
bales
bales.
Saltpetre
Jute
Jute butts
Manila hemp
72,583
34,577
130,257
7,738
6,515
mats.
Sugar
April 1.
05,520
hags.
hags.
Coffee, Rio
Coffee, other
Coffee, Java, &c....
Sugar
April 1.
bids.
Pork
Beef
Lard
Tobacco, foreign
Tobacco, domestic
1.
1891.
...-
bales
12,000
2,400
1,300
A continued speculation in lard lias
advances and a general improvement
brought about further
in all provisions. The
anxiety of the large “ short ” interest to cover contracts forced
prices up, although at the close some irregularity and weak¬
ness were noticeable.
Prime western lard was sold on the spot
at 11 45c.; April and May contracts realized 10 40@10'45c.;
June, ll,50@ll*55c.; July, 11 '60@ll'65c.; August, ll*60@ll*7Cc.;
September, 11*67/£@ll*70c.; October, ll*62/£@ll*65c.; Novem¬
ber, 1135@ll*40e.; December, 11*27/£@11'30c ; seller year,
TlT7^@ll‘22^c.; refined to the Continent, ll*50c. Bacon was
Pork
very strong at 10c. for long and 10%c; for short clear.
on the spot was held at $16 75 for old and $17 75 for new mess.
Beef was steady at $25@$27 for extra India mess. Beef hams
firm at $22@$22 50. Butter is a trifle easy, owing to heavier
receipts. Cheese is steady. Tallow firm and higher at 8c.
Stearine is firmly quoted at ll^@1154c.
Rio coffee has been dull and rather wreaker of late at 9Me.
for fair cargoes ; mild grades have been dull and nominal. Tea
has been about steady at the auctions for green and Foochow
Oolong but Amoy and Formosa Oolong as well as Japan have
declined slightly. Foreign dried fruits have been dull and
somewhat depressed. Spices have been dull and pepper rather
Rice Las been fairly active and firm. Saw sugar has
advanced to 7%c. for fair refining and 8%c. for 96 degrees test'
lower.
centrifugal, but the higher prices have restricted business. Re¬
fined has been active and higher, closing at 10%c. for crushed,
10@10^c. for powdered, 9%c. for granulated and 9%c. for
standard soft white “A.”
Kentucky tobacco lias been quieter and sales for the week
are only 550 khds., of which 500 for export, at unchanged prices;
lugs
6^@8c., and leaf 8/£@14.%>c. Seed leaf also dull; sales
Charleston.—
Pt.
Royal, Ac.
....
....
....
....
700
500
550
416
....
....
....
31
37
807
1,354
1,143
Now Vnrk
570
408
Boston
707
227
•
95
Wilmington ....
Moreh’dC.,&c
....
Norfolk
City Point, Ac.
....
67
....
....
168
166
024
1,915
1,344
1,078
850
662
....
....
•
575
....
....
300
....
Baltimore
....
•
•
•
2,814
89
89
89
586
117
117
662
4,890
2,586
2,586
852
6,073
554
3,006
....
....
Philadelp’a, &c.
534
505
1,109
1,098
203
496
4,005
Totals this week
6,612
7,501
9,772
7,048
4,022
9,512
44,467
telegram rrom Galveston includes the receipts for six days only,
have added to the total received one-eixth of the amount to make
the total for the week.
•-*
Our
so we
give the following table showing the week’s
For comparison, we
total receipts, the total since Sept. 1,1881, and the stocks to-night
and the same items for the corresponding periods of last year..
1880-81.
1881-82.
Receipts to
April 7.
Galveston
Since
This
Week.
■
Scj).
1, 18S1.
,
This
Since Sep.
Week.
1,1880.
4,488
397,417
8,457
05
13,515
91
Indianola,&c.
Stock.
,
1882.
1881.
607,010
14,068
38,198
83,500
34,922 1,405,469
2,972
360,901
226.559
276,098
35,608
New Orleans...
8,533 1,127,015
Mobile
1,004
240,799
38
20,929
22
20,171
695,642
0,317
7,191
810,221
4,830
583,850
228
48,808
292
113,284
29,350
039,943
200,720
129,182
134,866
26,518
45,799
328,178 195,060
9,910
11,245
9,912
33,943
15,635 12,739
85,690 5,170,322
794,826 730,991
Florida
Savannah
5,513
Brunsw’k, &c
6,904
474,070
22,923
132,301
25,986
......
Charleston
2,314
Pt.
89
Royal, &c.
Wilmington....
M’head C., &e
5S0
117
Norfolk
New York
4,890
2,580
6,073
Boston
3,006
City Point, &c-
201
569,404
179,955
148,854
188,614
6,794
3,148
14,096
2,655
64,017
3,174
4,005
Total
.
7,758
Baltimore
Philadelp’a,&c.
.....
44,467 4,335,107
934
23,990
5 086
49,038
33,381
......
5,653
35,865
1,473
3,586
36,973
21,768
24,814
......
......
...
...
In order that
comparison may be made with other years, we
give below the totals at leading ports tor six seasons.
Receipts at—
1881.
1882.
1880.
2,261
1879.
Mobile
8,533
1 j664
Savannah....
5,513
ChaiTst’n,<fec
2,903
8,543
34,922
2,972
6,817
7,409
Wilm’gt’n, &c
703
493
424
Norfolk, &c..
7,476
13,122
8,742
8,964
All others....
15,793
0,177
1,304
9,584
7,499
Tot. this w’k.
44,467
85,696
37,323
44,851
Galvest’n,&c.
4,553
New Orleans.
14,009
1,370
1,265
2,847
1877.
1878.
4,487
11,630
3,484
4,408
2,395
1,721
5,161
14,222
3,670
3,420
3,823
7,918
1,372
3,573
1,359
1,104
390
10,489
9,502
2,225
51,391
21,183
-
2,625
all from the crop of 1880, as follows :
Since Sept. 1. 4335,107 5176,322 4532,385 4218,354 4004,735 3778,419
400 cases Pennsylvania fillers, 6c. and assorted 10@16c. ; 100
Galveston includes ludianola t Charleston includes Pore Royal, &c.
cases New England wrappers, 13#30c. ; 532 cases Ohio fillers,
Wilmington includes Moreliead City. &e.; Norfolk includes City Point, &c.
4@4/£c., assorted, 5%@6%c. and wrappers 9@13c., and 100 cases
The exports for the week ending this evening reach a total
sundries, 6@lSc.
Havana fillers at fair demand at from
of 84,365 bales, of which 55,734 were to Great Britain, 18,735 to
88c.@$1 20 with sales of 500 bales.
France and 9,896 to rest of the Continent, while the stocks as
Spirits turpentine has been influenced by speculative control,
which in turn has forced up the Southern and English markets. made up this evening are how 794,826 bales. Below are the
At this port the stock is very light and closely concentrated ; exports for the week and since September 1. 1881.
From Sept. 1, 1881, to Apr. 7,1882.
Week Ending April 7.
1
to-day there were sales at 66c., which figures represent the
market. Rosins were quiet but firmly held at $2 47/£ for good
Exports
Conti¬
Great
strained.
Refined petroleum for export was advanced to¬
Great
Conti¬ Total
Total.
from—
France
nent.
Week. Britain.
Dr it’n. France
nent.
day to 7%c., owing to improved orders from abroad.
Crude certificates also tock an upward turn after a week of Galveston
59,008 "228,890
0-89
2,057 '152,737 15,145
1,368
depression and decline; there were sales at 77>i@7SVac.; closing, New Orleans.. 21,037 11,301 3,468 36,409 529,309 202,510 193,007 928,892
33,031
3,231
6,313
23,507
78%@78>£c.; May options S0%c.; June 82%c.; July 84%e.; Mobile
3,900
3,900
Florida
August 86/Jc. Ingot Copper was about steady and 300,000 lbs.
311.097
104,141
125,956
21,030
1,705
7,275
5,570
Lake sold at lS/4c. All other metals are quiet, lead excepted, Savannah
295,519
of the week 1,132 cases,
..
..
•
•
•
•
•
•
.
...
•
which has advanced to 5*10c. for common domestic, after a sale
of 3,000 tons Richmond to a speculator, for May, June, July
and August delivery at 4*85c. Prime lard oil has been advanced
to 90c.
Wool is still dull and irregular.
freight room lias been taken at unparalleled rates
during the past week. For grain to Liverpool the steamers
aecepted %d. at this port, while at Boston it was taken gratis to
save expenses for ballast.
To-day there was, perhaps, a slight
improvement. Grain to Liverpool, by steam, was taken at Id.;
provisions, 7s. 6d.@10s.; cheese, 12s. 6d.@15s.
Ocean
Charleston *...
4,755
12.203
7,043
Rost.on
1,591
Baltimore
2,025
PnUadelp’a,&c
3,515
Total 1880-81
•
......
New York
Total
•
4,000
Wilmington...
Norfolk
...
•
55,734
83,083
493
567
22,831
20.472
125,034
12 203
53,584
276,848
15,810
8,723
290.030
1,430
2,580
20,835
1,591
110,432
55,813
..
8,819
53,719
63.833
295,268
364,644
200
110,438
90,257
46,211
84,305 1,818,290 290,291
659,447
y68,028
50,673 156.587 2.247 678 453,715
889.825
,591.15&
5i2
18,735
150.043
9,355
..
9,896
3,177
3,515
♦include® exports from Port Royal, Ac
4
•
•
•
•
•
46,011
31,444
April
8,1882.]
THE CHRONICLE.
In addition to above exports, our
telegrams to-night also
The Sales
give
Prices of Futures are shown
by the follow¬
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to
the following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
are prepared for our special use by Messrs
Carey, Yale &
Lambert, 60 Beaver Street.
us
On
April
7, at—
Great
Britain.
New Orleans....
Shipboard,
4,600
7,700
11,050
13,847
Bavannah
Galveston
Norfolk
New York
Other ports
3,800
2.900
Total
Total 1881
Total 1880
Total.
Stock.
49,085
750
None.
None.
550
7,400
2,600
437
None.
700
500
901
None.
None.
None.
17,700
12,388
13,847
4,500
3,400
177,474
14,090
18,914
31,938
25,810
323,678
63,076
15,844
None.
9.900
5.900
23,126
77,426
9,612
25,631
4,051
116,720
678,106
61,143
51,216
29,875
17,235
53,623
21,398
5,101
1,719
149,742
581,249
617,75 L
We have had in the past week a
tion in cotton for future
the daily and total sales.
Leaving
Coast¬
wise.
Foreign
9,612
None.
None.
None.
Nouo.
None.
None.
None.
and
cleared—for
Other
France.
23.629
9.900
Mobile
Charleston
not
411
91,568
comparatively dull specula¬
delivery, and the fluctuations
in
prices have not been great. There was depression on Saturday,
improved prospects of the planting season and the
large stocks still remaining in American markets. Some
irregularity was also developed at the close of Monday’s busi¬
ness.
The spring months were
dearer, but the summer months
under the
weak, and the
were
next
movement of the crop
to
demand to
a
caused
cover
lower.
crop
The continued small
Tuesday
on
contracts; but it
an
advance, owing
was more
Wednesday, under an absence of demand and
holders to place stocks, together with strikes in
than lost
the
on
anxiety of
England
New
and dull trade accounts
generally. Yesterday the market was
slightly better, but closed dull and unsettled. To-day
being
Good Friday, the
Exchange has been closed, and will not be
opened again until Monday. Cotton on the spot has been
moderately active for export and home consumption. The
demand has been
were
readily met, and
Monday last quotations
Yesterday the market was steady, mid¬
reduced 1-16c.
on
dling uplands closing at 12 l-16c.
The total sales for forward
bales.
For immediate
4,682 bales,
74
delivery for the week are 449,600
delivery the total sales foot up this week
including 1,870 for export, 2,733
for speculation and
were
to arrive.
sales for each
The
in transit.
following
day of the
Sat.
93s
Strict Ord.. 10
91516
Good Ord..
101316 10%
Str. G’dOrd 11%
11310
Low Midd’g
lllliO 1158
Str.L’w Mid 1U51*
U78
Middling... 1216 12%*
Good Mid.. 12%
12716
Str. G’d Mid 12%
1211ig
Midd’g Fail- 13% 133] 6
Fair...
14
lJlS«
Wed
Th.
93s
93a
Ordin’y.fHb
11
Frl.
Wed
9%
103ie
9%
9%
103.6
9
10
11
1178
12%
Sat.
Th.
103.6
U71«
12516
12l%e
I215lfe
137io
143,0
Wed
9%
H716
1178
12%
Frl.
103ia
11
O
% ft
Th.
11
c3
H
Btr.G’d Mid 127le 12716
12ii16 12UU.
Midd’g Fair 133l6 133,0
Fair
13l5lfl 131516
STAINED.
Good Ordinarv
Mon, Toe*
9*1,6 9%
1)%
911,6 9%
91516 10% 1O3]0 103,0 10%
103,g
11
11
11*16
H%6 11
113i0 11%
U7l6 13 7i 0 11% 117!G
115a
U15ie H78 ' 1 1 78
1115.6 1178
1178
1-316 12% 12% 123.6 12%
12%6 123a
126,0 12%0 123s 125.6
127io 12% 12l%e 12*%6 12 34 12l%0
I2lii6 13
12»B16 12i5le 13
1213.6
133,0 13% 137i0 !3716 13%
137i0
13ir»1H 14% 143,0 143,6 14%
143.6
78
Ordinary
otnct
TEXAS.
Mon Tne* Sat.
10%
Middling..
Good Mid.. 121iq 12iw
Good
Sat.
9%
Strict Ord.. 9l516
915]6
Good Ord.. 10%
10%
Str. G’d Ord
Low Midd’g 113l6 11316
1158
llCg
Btr.L’wMid 1178
the official quotations and
NEW ORLEANS.
ITI011 Tue«
Ordin’y.$B> 97,6
Of the above, 100 bales
Dast week.
UPLANDS.
April 1 to
April 7
are
for consumption,
125,6
1011x6 10%
O
125,0 125.6
1211.6 1211.6
I2l5lf
13716
143,0
Frl.
aj
•d
0
w
1213le 1215.6
137,0 I37,e
143,0 143.6
8h%6
9'516
10%
11%
1III18 115s
125,0
1211.6
11%
12%
Mon Tuck Wed
8«lH
9I5i0
ll7a
12%
u7,0
1178
12%
L2i516
I37,e
143,0
11
11716
11
11716
c8
•d
H
1211-6
9%
103.6
815.6
915.6
10%
11%
Th.
«
0
Frl.
815,0
915,6 Holi¬
10%
day.
11%
MARKET AND SALES
SPOT MARKET
CLOSED.
Sat.. Dull...
Mon. Quiet
Tuea. Quiet
at
%o dec.
Wed. Dull
Thurs;8teady
Fri
Total
SALES OF SPOT AND TRANSIT.
Ex¬
Con-
Spec- Tran¬
port. sump. ul’fn
200
330
612
768
542
sit.
Total.
FUTURES
Sales.
501
434
60
564
234
423
14
812 101,100
1,098 140,500
1,103 87,(300
998 75,200
671
45,200
1,870
2,738
74
4.682 449.600
Deliv¬
eries.
300
500
600
900
400
pd. to exch.
pd. to exch.
for regular.
•15 pd. to exch.
•14 pd. to exch.
The
exchanges have been made during the week:
200 April tor May.
100 April s. n. 5th
200 May for June.
100 June for July.
Visible Supply
of
•41 pd. to
*42 pd. to
100 April
•15 pd. to
Cotton,
as
excli. 500 May for Aug.
excli. 200 May for Aug.
s. n. 6th for regular even.
exch. 100 May'for June.
made np by cable and
stocks are the figures
Britain and * the afloat
telegraph, is as follows. The Continental
of last Saturday, but the totals for Great
for the Continent
2.700
■Tiie dally
vious to tbatdeliveries given above are aotnally delivered the day pre¬
on wtiicu
they are reported.
The following
•16
•02
are
this week's returns, and
consequently
brought down to Thursday evening; hence, to make the
totals the
complete figures for to-night (Apr. 71, we add the item of
exports
from the United States, including in it the
exports of Friday only
bales.
Stock at Liverpool
Stock at London
stock
Total Great Britain
Btc ok at Havre
Block at Marseilles
at Barcelona
at Hamburg
at Bremen
at Amsterdam
at Rotterdam
at Antwerp
Stock at other conti’ntal
Stock
Stock
Stock
Stock
Stock
Stock
1882.
1981.
1880.
1879.
835.000
64,300
821.000
43.000
655.000
587.000
46,643
57,250
899,300
122,000
2.620
35,000
2,300
33,200
18,800
864.000
150.000
3,600
701,643
644.250
58,250
19,400
183.000
2,000
23.500
287
1,632
than another, at
that these
6,500
40,800
23,382
41,800
2,570
16,800
22,250
43,500
3,412
7,250
3.750
7.000
273,800
139,683
295,750
Week
Total European stocks.. .. 1 .124,944 1,137.800
218,000
India cotton afloat for Europe. 377,000
641.000
Amer’n cottoa afloat for Eur’pe 386,000
841,326
210.339
452.519
30,259
940,000
ending—
ports....
Total continental
225,614
193,199
45,000
730.991
249,879
7,500
29,000
46,000
Egypt, Brazil,&c.,aflt for E’r’pe 794,826
Stock In United States ports ..
Stock in U. S. interior ports...
to-day..
United States exports
American—
560,000
.
13O.000
.
American afloat for Europe...
United States stock
386.000
.
794.826
.
stocks.
to-day.
193,199
7,500
.
East Indian,Brazil. <tc.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, Ac., afloat
.
.
.
India, Ao
475,000
269,000
515,000
709,319
249,879
29,000
252,495
479,549
107,005
5.000
9,000
.
857.914
571.800
'
Liverpool
30,259
504.924
364.000
££
new
ob
P ?
-
—
—
a
t| *,vi
#
1 lg-*
C
oi
S
C'c
—
*
i—
s i <i «
-
-
s
towns
*
*
.
£
•
.
x- •
7? •
"
x
give
o
05
to
05
05
05
O'
if*
tc i—* :■»
to -r -1 c C C5.
(xwcaac^
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:
X
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o.
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55
;
•
CC
05
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CO
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M Mto-I
— if* — to
it- © C
05 to I-- to 05 V*
C O' I-1 01 to C It- C It* U
ac. CO
Receipts at the ports to April 7
Interior stocks in excess of Sept.
>: r:
to if* — CO
CO 05 ^1 —
© C. it*
05 05
1—
CO
to 4- to OC
to 05 If. to 05 Ci ►-
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toh ^i O’ at to b' *jqoi~ ©c.
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u
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Galveston,
c*
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m2
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s
l-
V
05
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e.
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to
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to
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Rain is now
CO
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CO
.
35-
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a
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This
tott-o»t- o c©
year’s figures
§
x
ST
It*
©©
—
—
M *3
M to
to 05 cn M to 05 to to O' 00 Ci 4*©
c. ao o« oo *1 It* © co to io b> © cc co © to
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—
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estimated.
that the old interior stocks have de¬
creased during tin week 15,263 baks, and are to-night 56,680
biles less than at the same period last year. The receipts at
he same towns have been 8.974 bales less than the same week
last year, and since Sept. 1 the receipts at all the towns are
457,769 bales less than for the same time in 1880-81.
The above totals show
Receipts
from
the
Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some
100,000
452,039
155,0 i0
5,090,000
6,021,923
amount iu sight
,
drizzle on one day of the
generally needed.
received.
Nqxm Orleans, Louisiana.—It has rained on two days of the
past week, the rainfall reaching four hundredths of an inch.
Texas.—Telegram not
thermometer has averaged 70.
Shreveport, Louisiana.—The weather was clear
part of the past week, but during the latter portion
cloudy with a rainfall of seven hundredths of an
thermometer has ranged from 59 to 88.
The
the early
it has been
inch. The
Mississippi.—It has rained on one day of the
past week. The weather continues favorable.
Columbus, Mississippi.—We have had rain on one day
the past week, the rainfall reaching forty-one
an inch.
Average thermometer 70, highest 85 and lowest 52.
LitUe Rock, Arkansas.—Four days of the past week have
been clear to fair, and the remainder of the week has been
cloudy, with rain on Friday and Wednesday. The
Vicksburg,
§§
00
to
*4
5,414,834
Indianola, Texas.—Telegram not received.
Dallas, Texas.—Telegram not received.
Brenham, Texas.—Telegram not received.
Palestine,
*1
to
05
4,5< >5,626
,30 4,473
rainfall reaching four hundredths of an inch.
Planting is making good pro¬
gress and com is growing finely.
The thermometer ha*
averaged 73, the hightest being 80, and the lowest 67.
past week, the
k.
It*
s—
to
238.312
Telegraph.—There has been very
In general the weather
has made satisfactory
Texas.—We have had a
S’
\
5,176,322
170,510
South the past week.
and dry and planting
progress.
s
1- *■! ©
Hrt
Reports by
has been warm
©
*8
05
and
and
to
1880-81.
4,335,107
by the above that the decrease iu
compared with last year, is 931,824 bales.
Weather
>1
H-*
MtO
i—1
bi
April 7
little rain at the
5*
05
cc
bales.
1 on Apr. 7..
from plantations
.
f1" •»
table below
April 7 —In the
consumption io April 1
to-night, as
•—* ►—*
Ot c ct
O'
^1 •-05© ©*l
to Cbe O' cc O’
c;
if- If* to Of. 4- CT
CC
oc05cx.<xif*ci-c5ca-i©^io«'*i-jo;o;if*
M
o
05
Cotton in sight
Total in sight
1^'
05
-
That the total receipts from the
1881-82.
tO
C
1382.
99,990 383,928 309,202
It will be seen
p
1881.
substantially the amount of cotton now in sight. We shall
hereafter, bringing it down to the close
co
to
o»
.1880.
30.4S0 bales.
Southern
•
Ci
1882
continue this statement
of each week.
3
^
K>
•
give the receipts from plantations in another form,
net overland movement to April 1,
also the takings by Sjuthern spinners to the same date, so
55
3
x
•
.
1881.
add to them the
o
r*
mso.
statement shows—1.
Amount of
H
Sr!* -s & §
SVk at Interior Towns. Rec'pts from Plant’na.
we
o
*
....
p'-1*
ef
ef
31
Total receipts
d
©.
“
were
an
c
24
—
week have beer
cotton in sight
Co-night of 122,201 bales as compared with the same date of 1881,
increase of 428,212 bales as compared with the corres¬
ponding date of 1880 and an increase of 710,915 bales as com
pared with 1879.
At the Interior Towns the movement-—that is the receipts
for the week and since Sept. 1, the shipments for bhe week, and
the stocks to-night, and the same items for th corresponding
period of 1S80-S1—is set out in detail in the following statement:
®
17
“
PLANTATIONS.
plantations since Sept. 1, 1881-82 were 4,505,626 bales; in *
1880-81 were 5,414,834 bales; in 1879-80 were 4,790,375 bales.
2. That, although the receipts at the out-ports the past week
were 44,467 bales, the actual movement from plantations was
only 27,229 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the planta¬
tions for the same week were 68,438 bales and for 1880 they
112.00
57.250
26.750
143.000
25.00
10
M
1882.
crop
419 043 175,791 138,591 83,#83
92,081 380,701 300.321 400.980 139,909 122,123 74,024
108.: 90 158,074 84,090
95,037 332.531 317,800 390.019
108,985
380.528
129,004 77,298
313.837
119.854 133.723 80,779 371.00-’
95,349 145.232 63,95?
312.55)
372,151
351,707
72,031
115,307 140,S39
302.430 92,310 143.397 50,130
102,995 13 •>,359 00.100 341.022 317,588
322,458 343,072 62.045 133.801 32,022325.210
51,980
133,931
78,45b
315,973 50,23) 130,900 31,048
04,308 140,120 58,74? 311,087 319.232
320,500 284,393 39.317 109.408 25,874
300.793
57,434
10',200
49,011
253,018 38,659 82,703 81.141
53,419 93,090 01.916 280.233:309.513
233,182 40,991 03,609 33,599
279,831
294,008
54,035
78,514
47,393
272.988'277.330
215.944 30,480 08.438 27,229’
37,323 85,090 44,407
The above
yyThe imports into Continental ports this
37,000 bales.
The above figures indicate a decrease in the
Total, Total,
24
April 7
.2.929,169 3,051,670 2,501,257 2,218.554
6is i.
7‘43.
l
6li«d.
supply
17
“
“
474,000
103,000
452,519
377,000
46,000
“
follows:
181,000
46.643
36,683
210,339
3
10
Mch. 3
.2.071,525 2,479.o70 1,996,333 1,854.554
Total American
Total visible
Price Mid. Upl.,
“
1881.
1880.
108.280 138.879
137,191 125,070
112,303 147,129
27
Feb.
626,000
203,000
641,000
730,991
195,000
43,000
70,800
218,000
45,000
275,000
64,300
95,644
.
.
Total East
“
.2,071,525 2,479,870 1,996,333 1.854,554
Total American
Receipts at the Ports.
20
Jan.
9,000
of American and other descriptions are as
Liverpool stock
Continental stocks
United States Interior
United States exports
515,0(H)
25,000
479.549
107,005
2,501,257 2.218,554
2 ,929,469 3,031,670
Total visible supply
Of the above, tbe totals
RECEIPTS FROM
143,000
709,319
252,495
5,000
the
Southern
4,800
ports.
figures,
consumption; they are simply a statement of
weekly movement from the plantations of that part of the
which finally reaches the market through the out-ports.
3,500
9,370
-
conclusion through a comparative statement
In reply to frequent inquiries we will add
of course, do not include overland receipts or
therefore, a safer
like the following.
28.240
2.800
760
=
misleading, as they are made up more largely one year
the expense of the interior stocks. We reach r
times
367
1,900
9,537
-
-
...
tel
all
[Vol. XXXIV,
CHRONICLE,
fHE
412
of
hundredths of
rainf
hundredths. The thermona
eter has ranged from 50 to 81, averaging 67. During the mon*
of March it rained on thirteen days, and the rainfall reac ,
six inches and forty-six hundredths. The thermometer rang
reached three inches
from 38 to 83,
and averaged 55.
Tennessee.—It has rained slightly
past week, the rainfall reaching fourteen
Nashville,
the
and fifty-six
on one day °
hundredths o a
,
AMU, 8,
THE
1888.J
inch. The thermometer has averaged 68, the highest
and the lowest 48.
Mobile, Alabama.—We have had
CHRONICLE.
being 83
Jute Butts, Bagging, &c.—There has been more
inquiry since
last report, and makers are looking for a more active
market.
There are buyers here looking after
parcels and it is expected
that some large transactions will soon be made.
Prices are
on one
The rainfall reached seven hundredths of an inch.
mometer has ranged from 55 to 82, averaging 70.
413
our
day of the
past week, and the remainder of the week has been pleasant.
ram
1
The ther¬
about
steady, and holders are now quoting 7%c. for 1^ lbs.,
8^c. for 1ZA lbs., 9^c. for 2 lbs., and 10^c. for standard
grades.
Montgomery, Alabama.—The weather has been warm and Butts have been in better demand, and quite free purchases are
although deliveries are still being made on old con¬
dry during the past week. Planting is making good progress. making,
tracts. There have been about 3,000 bales for which
full figures
The thermometer has averaged 70, ranging from 53 to 83. Dur¬ were
paid. There is not much inquiry for parcels to arrive.
ing the month of March the rainfall reached six inches and The market is steady at the close and dealers are
quoting 254c.
for paper grades and 2%@3c. for
eighty-two hundredths.
bagging qualities.
Selma, Alabama.—The early part of the past week was
Comparative Port Receipts and Daily Crop
Movement.—
clear and pleasant, but during the latter portion it was
A comparison of the
port movement by weeks is not accurate
rainy
on one day.
The rainfall reached thirty-two hundredths of an as the weeks in different years do not end on the same
day of
the month. We have
inch. The thermometer has averaged 68.
consequently added to our other standing
tables a daily and monthly
statement, that the reader may
Madison, Florida.—The weather has been warm and
dry constantly have before him the data for
seeing the exact relative
during the past week. Some damage has been done through movement for the
years named. The movement each month
lack of rain.
Planting is making good progress. Average since September 1, 1881, has been as follows:
thermometer 69, highest 80 and lowest 58.
Tear Beginning September 1.
Macon, Georgia.—The weather has been warm and
dry Monthly
Receipts.
1881.
during the past week. The thermometer has averaged 65, the
1880.
1879.
1878.
1877.
1876.
highest being 83, and the lowest 54.
Bept’mb’r 425,770 458,478 333,643 288,848
98,491
236,868
Columbus, Georgia.—We have had no rain during the
October..
837,349 968,318
888,492
689,264 578,533 675,260
past
Novemb’r
week. Planting makes good progess, but less cotton and
951,078 1,006,501 942,272 779,237
822,493 901,392
more
Decemb’r
983,440 1,020,802
coni and grain are
956,464
893,664
900,119
787,769
being planted. The thermometer has January
543,912
571,701
647,140 618,727 689,610 500,680
averaged 74, ranging from 66 to 80.
February. 291,992 572,728 447,918 566,824 472,054
449,686
Savannah, Georgia.—The weather has been pleasant
March...
257,099
476,582 264,913 303,955 340,525
during
182,937
the past week, with no rain.
The thermometer has
ranged Total year 4,290,640 5,075,110 4,480,842 4,140,519 3,901,825 3,734,592
from 57 to 79, averaging 67.
Pero'tage of tot. port
receipts Mch. 31..
86*40
Augusta, Georgia.—The weather has been warm and dry
89*58
9310
89-78
92*48
during the past week. Average thermometer 69, highest 85
This statement shows that
and lowest 53.
up to Mar. 31 the receipts at the
ports this year were 784,470 bales less than in 1880-81
and
Atlanta, Georgia.—Telegram not received.
190,202 bales less than at the same time in
.
Charleston, South Carolina.—It has not rained during the
past week. The thermometer has ranged from 56 to 78, aver¬
aging 66.
for the different years.
The
following statement we have also received by telegraph,
lowing the height of the rivers at the points named at 3 o’clock
April 6,1882, and April 7, 1881.
!
Apr. 6, '82.
New Orleans
Memphis
Nashville....kreveport
Vicksburg...
Above low-water mark.
Above low-water mark.
Feet.
Inch.
O
32
10
19
46
10
11
2
2
5
2
29
12
15
41
Inch.
4
1
3
10
3
New Orleans
reported below high-water mark of 1871 until
Sept. 9,1874, when the zero of gauge was changed to
high-water
mark of April 15 and 16,1874, which is 6-10ths
of a foot above
1871,
or
16 feet above low-water mark
ac
that point.
N. Y. Cotton Exchange.—At the
preliminary informal meet¬
April 1, regarding the purchase of a site and
erecting a
new
Exchange building, several speakers thought it expedient
to build on the present
locality and objected to the creation of
a debt, which would
be incurred by the proposition laid before
ing
on
the members. -
It was urged on the other side that if
the proposed plan were
‘carried out it would be
required to borrow only $200,000, and
that amount could be made
good, if thought necessary, by the
admission of new members ; that a
building might be erected
on the
proposed plan, which would yield a revenue of $40,000,
and procure the
required rooms for the Exchange free of cost.
The result of the ballot on
5th inst. left the objectors in a
small
minority, more than three-fourths of the votes cast being
in favor of
giving the Board of Managers the power applied for,
-
namely, to purchase
1881-82.
1830-81.
1879-80.
1878-79.
1877-78.
1876-77,
Tot. Mr. 31 4,290,610 5,075,110 4,480,812
1,140,519 3,901,825 3,734,592
Apr. 1
6,612
15,516
5,922
9,393
15,764
8.
“
2....
S.
10,903
8,298
Apr. 7, ’81.
Feet.
1879-80. By adding
daily receipts since that time,
comparison of the movement
to the above totals to Mar. 31 the
we shall be able to rea h an exact
“
3....
“
4....
“
5....
7,501
9,772
7,018
6....
7....
4,022
9,512
“
“
8.
6,521
23,210
13,035
8,237
5,570
6,785
11,236
5,491
9.980
6,338
8.
9,334
6,649
5,114
11,158
5,817
13,656
6,243
10,317
8.
8.
5,311
6,277
4,836
3,033
4,915
3,164
Total..... 1,335,107 5,161,410 4,522,404
4,189,311 3,959,161 3,762,178
Percentage of total
port reo’nts Apr. 7.
87*87
9012
9419
9110
92*32
This
statement shows that the
receipts smee Sept. 1 np to
to-night are now 826,303 bales less than they were to the same
day of the month in 1881 and 187,297 bales less than they were
to the same day of the month in 1880.
We add to the table
the percentages of total port
receipts which had been received to
April 7 in each of the years named.
India Cotton Movement from all Ports.—The
figures which
are now collected for us, and forwarded
by cable each Friday, of
the shipments from Calcutta,
Madras, Tuticorin, Carwar, &c.,
enable us, in connection with our
previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week. We first
give the Bombay statement
for the week and year, bringing the
figures down to April 6.
BOMBAY RECEIPTS AND SHIPMENTS FOR
FOUR YEARS.
Shipments this week.
Year Great Conti¬
BriVn. nent:
Total.
Shipments
Great
Britain
since Jan. 1.
Conti¬
nent.
1882 30,000 47,000 77,000 375,000 220,000
1881 6,000 31,000 40,000 109.000 189.000
1880 5,000 8,000 13,000 113,000 163,000
1879
15,000 15,000 60,000 110,000
Total.
Receipts.
-
This
Since
Week.
Jan. 1.
595,000 86,000
298,000 43,000
276,000 48,000
755,000
461,000
455,000
316,000
170,000 41,000
plot of ground and to erect a building
thereon at a cost not
According to the foregoing, Bombay appears to show an
exceeding $800,000, including the prop¬
increase compared with last year in the week’s
erty now owned. Votes in favor
receipts of 43,000
of^ the resolution amounted bales, and an increase in
to 181,
shipments of 37,000 bales, and the
against the same, 55.
shipments since January 1 show an increase of 297,000 bales.
Visitors to the Exchange
The movement at Calcutta, Madras,
during
last
fortnight:
Tuticorin, Carwar, &c., for
John
Abercrombie, Utic?.. IT.
a
Y,
t
^
ti
Smithec,
xeunessoe.
Arkansas.
^sP-Twitty. Laneas.tr. 3,
Vt^htoller, Mauehest
Hudman, Opelika,
Bernhardt,
N. O.
Len. A.
T.
w
w.E.
M.
Goshoru. Cinclu
our
some
subject.
Overland Cotton Movement
our
Shipments this week.
Year.
Querall, Havana.
Berdes, lit, von a.
Boequiu, Fort Smith, Ark.
Iloarney, Norfolk, Va.
editorial columns
to-day will be
In our foreign letter from
remarks ou this subject.
ondon will also be found
the Manchester view
give
same week and years has been as follows.
CALCUTTA, MADRA8, TUTICORIN, CARWAR, RANGOON
C. F.
A. F.
Davis, Cincinnati.
ound
the
Codes Garcia, Mexico.
F. Navarro, Mexico.
IS. Eayraoud, N. Y.
Geo. 8. Haines, 3arnnnah.
C. C. Buffington. Kali River.
1>.
*• C.
Sandy Cotton, &c.—Tu
(
on
the
same
for March.—On a
previous page
statement of the overland movement for March.
1882
1881
1880
1879
Great
Britain.
Conti¬
Shipments since January 1.
Total.
Great
Britain.
Conti¬
12,000
5,000
132,000
96,000
5,000
50,000
58,000
11,000
8,000
87,000
182,00#
154,000
17,000
26,000
50,000
113,000
39,000
89,000
nent.
12,000
5,000
6,000
9,000
*
AND KURRACHBE.
nent.
Total,
The above totals for this week show that the movement from
the ports other than
Bombay is 7,000 bales more than same
week last year. For the whole of India,
therefore, the total ship¬
ments this week and since Jan.
1,1882, and for the corresponding
weeks and periods of the two previous
years, are as follows.
THE CHRONICLE.
414
EXPORTS TO EUROPE FROM ALL
from—
Bombay
All other
p’rts
Since
Jan. 1.
77,000
595.000
12,000
182,000
tccek.
40,000
5,U00
45,000
777.000
89,000
Total
This
Th is
week.
News.—The exports of cotton from the United
week, as per latest mail returns, have reached
03,245 bales. So far. as the Southern ports are concerned, these
Shipping
INDIA.
States the past
1830.
1881.
1882.
ghinments
to all Europe
Since
Jan. 1.
This
week.
Since
Jan. 1.
293.000
13,000
11,000
276,003
452,000 •24,000
339 900
154,000
the same exports reported by telegraph, and published in
the Chronicle last Friday. With regard to New York, we
include the manifests of ail vessels cleared up to Wednesday
are
113,000
night of this week:
New York—To
zona, 502
interesting comparison nt me
total movement for the week ending April G, and for the three
This last statement affords a very
years up
Oo.,
Since
Sept. 1.
Emma
Liverpool, per barks Colin Archer. 2,322
Parker, l,8o7...Liv, 9L8-.Peabody, 1,077..Itlohard, 1,772
This
week.
bark Beethoven, 1,177
To Malmo, (Sweden) per bark Syiius, 1,400
Norfolk—To Liverpool, per bark Galatea, 5,040
Baltimore—To Liverpool, per steamer Texas, 3,104
To Bremen, per steamers Baltimore, 2',426
Kronprinz
Wilhelm, 1,556
To Bremen, per
!
23,000
2,707,000
|
This
3.19 7,000
J
Th is
week.
Since
Sipt. 1.
Since
Sept. 1.
3,000 211,000
14,523 L15.563,
7,000 279,750
986 155,281
5,000 393,338 22,523)326,563'
7,986 435,031
4,000 231,000
1.000 162,333
To Continent
Total Europe
Liverpool, per steamers Catalonia, 2,425
morgan', 1,923
Marathon, 1,2 19
To St. Johns. N. B., per steamer Dominion, 1
Philadelphia—To Liverpool, per steamers British Queon,
fco-night states that prices are unchanged and that the
We give the prices of to-day below,
prices
previous weeks’
for comparison:
dull and inactive.
“
“
“
10
17
24
Mch. 3
“
30
“
17
ColVn
Mid.
Shirtings.
d.
d.
6
6
5
6
6
a.
d
0
0
10 A
10%
10%
10%
O
a.
©8
'®8
'®7
@7
©7
6
'a)7
7% ®8
7 %»®8
6 ©8
6 ©8
6
9382/10
6
938^10
938® 978 6
93ft® 9-8 6
9 3a ® 9 7e 6
9'R^'® l O 6
9V®10310 6
© 10 l4 (>
9~i<i@ 10A8 6
ITpl is
6
d.
Liver¬
d.
d.
d.
938 ©10% 6 97s®3 27b
93s ©10-4 6 97s ©8 27e
95* ©10 Li 6 10% ,7 8 27b
9% ©10*8 6 10%®8 27b
9% ©103s 6 10%®3 27e
9% ® 97e 6 9 ©710%
914 ® 978 6 9 ©7 10%
9
© 978 t»
7%®7 9
© 97h 6
9
7%®7 9
9
© 978i6
9 ©8*0
6"i6
6716
682
G^S
Norfolk....
2,682
8,496
5.016
Baltimore..Boston
3,101
Z ,602
a.
Texas
Upids
"9
6%
pool. IIawe.
493
7,643
Savannah..
d.
a.
particulars of these shipments,
follows:
New York..
N. Orleans.
8% lbs.
Shirtings.
32* Cop.
heist.
d.
6° 16
-
Philadelp’a
2,200
8.Francisco
17
Total...
51.663
GRq
G71C
63*8
6:58
1,455
885
2,692
1,600
8,496
1,177
1,400
5,016
3,101
3,992
5,602
l
2,200
17
arranged in our usual
are as
market is
OotVn
Mid.
16,875
63,215
and leave
1881.
8U lbs.
32s Cop.
Twist.
Feb. 3
The
form,
Market.—Our report received from Manchester
18S2.
1,5JO
Total
5,090 bales.
d.
Gla¬
Pennsylvania, 700
Liverpool, per ship Laomene, 17 (foreign)...
99 lbs.
Manchester
Fr.
San Francisco—Tc
This statement shows that the receipts for the week ending
April 6 were 15,000 cantars and the shipments to all Europe
were
bark Ararat, 1,000 Upland
Texas—T<>
1
j
week.
1.455
895
ship Viola, 2,303 Upland and 370
Boston—To
Exports (bales)—
To Liverpool
A. cautar ia
|
15,000
2.767.000
This week....
Since Sept. 1
•
To 3 11 tie Port, per
1ST 9-SO.
613
•193
483
50
54
3,850
per.ship William,
Ocean King, 5,28L
Savannah—To Liverpool, per
Sea fslaud
j
Receipts (cantars*)—
*
3,50
1
April 6.
ship Lake Brie, 978
per
To Bremen, per bark Ilarzburg,
To Genoa, per bark Zio Antonio,
and for the coiresponding week
1S80-31.
Ari¬
City of
Bothnia, 1.928—Britannic, 1,003
Knriqae, 4,078
The following are the receipts
1331-32.
Liverpool, per steamers Adriatic, 520
Montreal, 1,803
to date, at all India ports.
Alexandria, Egypt,
Total bala.
To Havre, per steamer Canada, 493
To Bremen, per steamer Ifahshurg, 483
To Antwerp, per steamer Vadcrlaml, 50
To Genoa, per steamer Below, 51
New Orleans—To Liverpool, per steamers Buenaventura,
Alexandria Receipts and Shipments.—Through arrangements
we have made with Messrs. Davies, Benachi &
of ■ Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt.
and shipments for the past week
of the previous two years.
| Vol. XXXIV.
Bre¬
Ant-
Malmo, Baltic
men.
werp.
50
Sweden. Port. Genoa.
Total.
54
8.723
19.215
483
,
SS5
4,282
1,600
1,100
1,177
11.073
..'
5,046
7.086
5.603
'.*.‘.‘.*.1 3,9*32
2,200
'
17
493
7,097
Included in the above total from
50 1,100 1,600
933 63,245
Boston is 1 bale to St. Johns, N. B.
6316
631(J
631G
Below we give all news received to date of disasters to vessels
cotton from United States ports, etc.:
carrying
6
6 •'8
0
31
6 58
Buenaventura, steamer (Span.), from New Orleans to Liverpool.
61,«
O
Apr. 7 9'I1(;@10i8l6
Key West, Fla., April 5.—I ho steamer Buenaventura put in at
Key West, Fla., on April 5. O11 April 4, at 1 A. M., she struck
The Exports of Cotton from New York this week show a
bottom at the Quicksands.
She jettisoned a quantity of ooal and
decrease, as compared with last week, the total reaching 8,723
150 bales of cotton, and the schooner Matchless took oft 150 bales.
bales, against 12,473 bales last week. Below we give our usual
The vessel docs not appear to have sustained any damage. She
cleared from New Orleans, March 29, with 3,350 bales of cotton
table showing the exports of cotton from New York, and their
and other cargo.
direction, for each of the last four weeks; also the total exports Gallego,
steamer (Span.), at New Orleans, for Liverpool. A bale 01
and direction since September 1, 1881, and in the last column
cotton in the hold of steamer Gallego was discovered on lire at 7
P. AL, 4th. The burning bale and two others were taken out and
the total for the same period of the previous year:
the fire extinguished; damage trifling.
Exports of Cotton (balks) from New York since Sept. 1.1S8I.
August, bark (Ger.), from Wilmington to Liverpool, before reported
Same
Week endingtowed back to Wilmington. The last of tho cargo of cotton was
Total
period
discharged from the bark August on March 30. Tho vessel will be
Mch.
Mch.
Mch.
Exported to—
April since previous
taken upon the dry dock for repairs, which will not bo so extensive
5.
29.
22.
15.
Sept. 1. year.
as at first supposed.
The cotton will be dried, repacked and
repressed, and then resliipped on the August.
261,993
**
04
“
6Hlfi
0
&
7,643 283 383
6,707
7,756 15,998 10,577
Liverpool
Other British ports
550
'
Total to Great
8,306 15,998 10,577
Britain
839
Havre
676
236
493
20,835
286
493
20,835
29,896
433
33,161
14,284
5,083
29,169
Total French
839
Bremen and Hanover....
961
1,495
1,356
Hamburg
Other ports
100
50
150
104
100
1,061
Total to North. Europe
Spain, Op’rto,Gibralt’r,&c
All other.
1,645
1,610
100
50
18.144
15,913
53d
52,528
63,226
460
54
837
354
54
100
&c
1,192
1,278
8.723 364.G44 372.305
Cotton at New York,
and Baltimore for the past week, and
September 1, 1881:
New York.
Receipts
This
from—
week.
Since
Boston.
Th is.
Since
Sept. 1. week. Sept. 1.
This
week.
This
week.
Since
Sept. 1.
Savannah
Mobile...
Florida.
S.Car’liua
N.Car’lina
.
Virginia..
North, pts
Tenn., &c.
Foreign..
2,805 176.471
2.793 103.752
3,139 222,558
7.256
3,537 143,870
1,159 61,811
1,733 170,813
1,832
5,221 148,002
100
This year. 20,487
Last year
*
16.623 94
1,038,969.
3,67*6
33,455
4.363
2,226
Do
sail
c.
Bremen, steam, .c.
sail
Do
c.
Hamburg, steam, d.
Do
sail...d.
Amst’d’m, steam.c.
sail...d.
Do
Do
*
sail
d.
c.
v
V
2,279
49,573
1,489
85,826
7,563 186,726
54
362
18.531
C9,208
56
3,056 47,893
14,688
2,604
*
5,3811
11,331 366,345
3,256 78,748
1,707 134,823
9.605 311,900
1,628 61,114
4,054 194.867
V
*
•
•
•
•
....
....
71G+
71(J*
718*
....
....
....
v
V
....
....
•
....
932
-
....
746*
....
....
38*
38*
•
•
....
•
3fc*
3a*
<5
3
a
•
....
14*932
34®932
%
932
....
716*
....
932©5j6 932®°1G 93p®5|g
....
—
Compressed.
Liverpool.—By cable from Liverpool, we have
sales, stocks. &c., at that
i
Since
**4*8*l" 20*792
....
....
....
%*
Sept. 1.
’*81*6 6*1,548
*’206 30,855
....
....
■
N. Orl’ans
Texas....
Fri.
,
statement, of the week’s
Baltimore.
Philadelphia.
Thurs.
n€4©i4 1164* *4
Liverpool, steam d. 532® *4 Oo2 w *4 53o®
Do
sail...d. 532&732 632®732 °32®732
%*
3s*
Havre, steam—c. 38®‘332* 3e©i332* 3a©1332*
1,733
The Following are the Receipts of
Boston, Philadelphia
follows:
Wedne*.
Tues.
Jfon.
Satur.
Baltic, steam
10.206 18.419 12.473
Grand Total
since
freights the past week have been as
28,496
1.400
67G
Cotton
7,643 290,090 277,445
Other French ports
Total Spain,
15,447
Sales of the week.
bales.
Of which exporters took ....
Of which speculators took..
Sales American
Actual export... 1
Forwarded
Total stock -Estimated
Of which A neriean—Estim’d
Total import of the week
Of whicn American.
Amount afloat.
Of which Araeriuan
The tone of the Liverpool
week ending April 7, and
heart oa
/nil/YOTA?
Mch. 17.
Mch. 24.
75,0t)«
72.00C
5,500
3,000
54,000
4,201
12,500
757,000
542,000
106.000
63,000
423,000
203.000
the following
port:
Mch. 31.
63,000
7.90<
7,000
2,700
1.970
47.000
42,000
3,600
17,500
13,500
776,000
537,000
102,000
48,000
411,000
202,000
6.900
814,000
551,000
112,000
Apr
90 000
7,<00
2,900
33,000
4,100
15,500
835,000
560,000
78,000
AO
60,000
413,000
201,0001
each day of
spot cotton,
market for spots and futures
the daily dosing prices of
G.
Apbil
8,1862.J
ffl
THE CHRONICLE.
Saturday Monday.
Spot.
Tuesday.
Wednes.
Mod.
inq. Mod. inq.
freely
freely
supplied; supplied.
Market,
12:30P.m
6%
Wid.Upl’d?
8,000
1,000
8poc.& exp.
inq.
freely
Easier.
supplied
6*8
Bua.OPl'na
Sales
Thursday.
Mod.
G*a
6%
61316
G’316
10,000
2,000
8,000
1,000
changed.
10,000
es
2,000
r3
23
Western yellow..
o
l
J
Market,
(
S
Steady.
Steady.
Quiet.
Steady.
...
M
Dull
but
steady.
Barely
Steady.
steady.
Dull.
Dull.
The actual sales of futures at Liverpool for the
same week
uviw
below.
These sales are on the basis of
Uplands, Low
'
•
-
Boatloads
Dull.
are
given
Receipts of flour
for the week
648e4
(>5:*b4
G&°U4
Delivery.
Apr.-May
d.
Apr.-May
-*687C4®.28G4
GU7e4®3SC4
64:^4 •
®42a4®43e4
b‘47G4
l>5264
At—
G3864
Chicago
Aug.-Sept.. 6S7C4®58(i4
Scpt.-Oet
G4ait<4
..
May-Juno
Jtme-Jnly
July-Aug
Aug.-Sept.. 65'764'®Br.34 Mav-June
Sept.-Oct.. .G4764^i4064 July-Aug
Aug.-Sept
G57fi4 May-June
June-July
G4864 March
April
G39fi4 Apr.-May
April-May
G3»t,4
April
...
May-June
630fi4/g;.’]8p4 June-July
G47€4
63y64©3804 July-Aug
GM304 Aug.-Sept.. 6o7C4-a>5«e4
Sept.-Oct
Wednesday.
April
G39fl4'7j>38g4 July-Aug
G6264 April
Apr.-May... 6^4©38g4 Aug-Sept
6»7G4 Apr.-May
May-June
64:w
8ept.-Oet
G4764 May-June
'5;4264®*3G4 April
G39G4 July-Aug
June-July
647t4 April-May
63»04 Aug.-Sept
....
....
Total
receipts at
Wheat
bush.
64264
6°5C4
The Exchange
close of busiuess
on
our
Thursday.
Rye
active for the better
Winter wheat grades are
seems not
improbable. Wednesday the
irregular, unsettled and feverish,
firmer; No. 2 red sold at $140^@$1 41 for closing rather
April, $1 40%@
$141 for May, and $1
36%@$1 37^ for June.
Indian corn has been
irregular and more or less excited. The
speculation has
increased, and a decrease in the
receipts at the
Western markets,
together with a consequent eagerness of the
•‘shorts” to cover their
contracts, led to a marked advance. The
eiport trade has
improved somewhat owing to the low ocean
freight rates, but towards the close
subsided, owing to an attempt
to establish a
still further
was
©103
©1 15
©1 40
Burley,
19,647
36,100
10,312
2 4,602
22.009
39,606,810
5,070
102
1,444
12 4,809
136,800
13,250
12,900
500
1.245
641,428 105,720 21 261
591,402 206,588 32,128
1879-90.
April 1,
1878-79.
1,457,994
9,263,162
43,458,614
Rye,
11,049
S.500
13,780
ports from Dec. 2G, 1SS1, to
same
ports
bush.
(56 lbs.)
400
23,800
316,886
337,900
481,693 1,0.91,420
1,740,023
10,884.443
31,806,665
5,482,227
1,733.236
719,544
15,263,665
18,975,717
5,793,417
1,719,116
751,063
53,526,115
42,502,973
2,696,033
481,775
at
•
same
ports from
compared with the pre¬
:
1881-82.
1880-81.
5,539,151
5,883,933
33,459,755
80,597.808
25,201.979
10,735,438
3,301,799
62.460,005
80,655.241
28.429.012
10,583,855
2,943.581
153,298,829
1879-SO.
4,650.715
1878-79.
4,184,579
69.180,446
71.352.431
76,497,195
59,046,112
18,905,482
21,753,427
8,760,862
3,707,403
9.585,080
3,442,230
185.071.694
177,611,333 164,020,238
flour and grain from the
same
Comparative shipments of
more
The wheat market advanced
early in the week, owing to
rains in the West,
which, while in one respect favorable, never¬
theless tended to make
transportation over the country road?,
already almost impassable, still more difficult, and
of course to
reduce the
receipts at the distributing marts. But better
weather of late, and some
decline in the foreign
markets, have
caused a reaction, and the
early advance has been mostly lost.
The reports from the far
West show that
plowing began in
some sections two
weeks earlier than last
year, and an increased
market
hush.
Barley
grades of spring at some advance.
in large
supply but held firmly. The export has as a rule been
quite moderate however and the home trade
only fair.* Wednes¬
day the market was quiet but firm.
acreage of spring wheat
....
Total grain....
The flour market has been rather
1 25
100
1 10
....
....
38,570
19,866,333
7,299,507
bbls.
Wheat
report is up to the
103
©
W
©1 15
®
....
282,535
Comparative receipts (crop-movement)
August 1, 1881, to April 1,1832, as
Carn
Oats
Friday, P. M., April 7, 1882.
being closed to-day,
62*4
®
210,962
1,010,070 2,162,056
8,455,174
Barley
Rye
Flour
BREADSJUFFS.
62
bush.
bush.
(32 lbs.) (48 lbs.)
21,565,753
9,386.494
3,413,789
637,404
vious three years
Friday—Holiday.
«23i»
1 25
1 10
Oats,
54,690
112.928
7,200
15,000
r
Total grain
Coni,
years:
1881-82.
1880-81.
2,054,355
2,219,80 L
bbls.
Corn
Oats
63804
July-Aug.. .GB064'@5i64 j May-June
Apr.-May
63«64 Aug.-Sept..
I May-Jun°
May-June ..G4ifi4®4264 Sept.-Oct
640(54 | Aug.-Sept
June-July ..64G(S4®4764 June-July
640b.4
from Dec. 26, 1881, to April 1,
1882, inclusive, for four
ports
years:
Flour
..bbls.
Wheat
bush.
Corn
Cats
1881-82.
1,919,582
4.400,025
16,380.470
7,293,900
1,464,022
639,492
Barley
Rye
Total grain....
30,177.909
1880-81.
2,174,798
1879-80.
4,846,452
13,694,889
6,307,937
1,491,943
651,46 1
26,992,682
1878-79.
1,792,724
1,207,930
6,254,702
8,376,869
10,983,796
4,006,208
1,309,423
453,154
21,438,907
3,793,376
964,729
468,985
32,920,699
25,129,452
Rail shipments
1DI
from Western lake and river
ports for the
weeks ended:
1882.
1881.
Week
Flour
Wheat
Corn
Oats
April 1.
bbls.
110,090
....hush.
191,779
616,836
1,418,593
375,791
Barley
:..
Total
458,955
107,482
22,113
Week
April 3.
April 5.
124,994
126,390
2,185,550
920,764
3,215,295
72,530
1,367,592
426,347
52,653
1,544,982
1879.
Week
April 2.
228,464
764.653
Rye
1880.
Week
383,735
97,236
88,120
42,232
83,991
2,538.403
5,957,544 2,833,368
Rail and lake shipments from
same ports for last four
weeks:
Week
Flour,
Wheat,
Corn,
Oats,
Barley,
ending—
Rye,
obis.
bush.
April
bush.
1... 110.090
Mar. 25...102,165
Mar. 18...145,655
Mar. 11...148,179
Tot., 4 wks.506,089
4 w’ks’81 ..639,579
191,779
253,605
'
388.678
323,050
1,157,112
2,179,233
883.740
725.017
1,162,557
751,877
bush.
bush.
476.628
364,200
556,719
378.656
107.482
3 523,191 1,776.203
6 148,350 1,547,126
55,316
85,499
bush.
22,113
24,145
40.789
89,816
47,088
338,113 134,135
253,008 221,498
advance. Wednesday the market was
Receipts of flour and grain at seaboard
weaker at the
ports
for the week
opening, but afterward became strong; No. 2
mixed sold at
81%c. for May and June and 81c. for
Flour,
Wheat,
Com,
Oats,
AtBarley,
August.
Rye,
bbls.
Rye has been quiet but firm.
bush.
bush.
bush.
bush.
bush.
New
York
54.757
Barley
has
advanced
137,740
but has not
43.264
31,352
materially
101,450
Boston
7,868
sold very
48,814
27,300
104,200
freely. Oats under the continued pres¬ Portland
67,815 24,029
200
sure of the “
2,200
61,713
7,200
1,850
corner” have shown a
5,435
decided advance amid con¬ Montreal
12,800
1,000
1,300
siderable activity and
Philadelphia.
25,362
30,600
41,750
60,840 29,500
excitement.
100
Baltimore
28,047
there
was
a
Wendesday
141,950
92,950
7,500
decline; No. 2 mixed for
2,od<y
New Orleans..
15,192
16,000
sold
April
at 58%c. and for
56,647
33,023
54%.
May at
Total week.. 179,907
423,103
2 47.3S0 154,979
347,011
The
11,463
Cor. week ’81. 299,033
following are closing quotations :
1,710,015 2,711,695 275,395 145,450 57,686
Total receipts at same
FLOUR.
ports from Dec. 26, 1881, to
Bo. 2
.
.
.
.
.
.
.
.
spring...9 bbl. $2 80® 8 50
Bo. 2 'winter
3 00 5) 3 80
Winter superfine
4 25 ® 4
Spring superfine
Spring wheat extras..
do XX
and XXX...
Wis. & Mirn.
Minn, clear
Winter
do
rye mix.
and stra’t
shipp’g extras,
XXandXXX...
85
4 00® 4 75
5 00® 5 50
6 00® 7 50
5 75® 6 75
600® 7 25
5 00® 5 50
5 75® 7 25
O O C\
Patents
City shipping
extras.
Southern bakers’ and
family brands
South’n si ip’g extras.
Rye Hour, superfine..
Corn mealWestern, &c
Brandywine,
I Buckw’t flowMOOlbs.
ii
nr* iv* %-v <1
r
$6 To® 9 00
G 25®
7 25
6 15® 7 85
5 GO® 5 90
4 25® 4 85
3 50® 3 85
® 4 00
1 90® 2 25
63
65
63
bush.
(56 lbs.)
105,627
43,355
39.231
10,500
1882, inclusive, for four
Flour
'
56,194
2,200
29,456
1,020
Thursday.
April
®
®
124
State, 4-rowed
77,700
Total..
116,558
Same time ’81. 239,059
G47G4
6^4
638G4
638G4
6*264
6o*e4
6t8G4
93k?
162,9 40
....
May-June
95
87
90
®
®
0,247
....
Peoria
Duluth
G3804
23.905
48,225
....
Cleveland..
St. Louis...
G4364
G3864
...
....
....
Toledo
Detroit
TUESDAY.
Apr-May
Canada No. 1.
Canada bright
State, 4-rowed
State, 2-rowod
Barley Malt—
Canada
State, 2-rowed
bush.
(60 lbs.)
(196 tbs.)
Milwaukee.
6t4G4
e»53t;4
...
Barley—
87
90
®
©
®
60
60
.
Wheat,
bbls.
'
Monday.
April
45
42
38
83 ki
and grain at Western lake
and live
Flour,
(/.
®
Mixed
White
No. 2 mixed.
No. 2 whito...
36
ending April 1, 1S82:
Batukday.
Delivery.
d.
Delivery.
.G:;8«j4 June-July
April
Apr.-May...
July-Aug
May-June ..043G4-®4464 Aug.-Sept
®1
®1
® 1
©1
®
®
<From the “ New York
Produce Exchange Weekly.”)
Middling clause,
uulesa oilier wise stated.
®136
80
85
85
83
88
Western white
Southern white..
Soul horn yellow.
Rye—Car lots
o
Market,
12:30 p.m.
•»
bush. $115
2
1 30
Red winter
118
Red winter, No. 2 141
White
1 30
Corn—West, mixed
79
West. mix. No. 2.
82
613m
10,000
1,000
I Oats—
Spring.per
Spring No.
6*8
Cl
GRAIN.
Wheat—
un¬
Futures.
5 p.m.
Friday.
Quiet
and
415
Flour
Wheat
Carn
Oats
Barley
bbls.
bush.
/\
/"J
tiri
f
T»
4- li
n
1881-8\2.
2,981,619
7,272.139
9,289 6L5
5,299,209
1,640,081.
ricim
1*1
fl
1880-81.
1879-80.
3,421,051
2,208,616
13,738,611
2L,534,018
5,370,734
142,778
1,503,349
483,718
Totalgrain.... 23,643,822
42,630,450
Rye
April 1,
4* 1
1878-79.
2,677,864
11,209.806
20,773.629
32,405.948
266,175
24.950,375
4,726,034
1,183,019
640,794
50,110,983
52,274,451
4,971,883
1,257.171
Exports from United
States seaboard ports for
Com,
Wheat,
Flour,
bush.
bush.
bbls.
From—
New York
Boston
Portland
51,611
25,880
360,017
1,282
23.557
3,075
29,796
35,025
Philadelphia..
-
Rye,
bush.
Peas,
bush.
18,772
52,612
f....
5,200
specialties in dress goods found ready bayers,—nuns* veilings
and satines having been in noticeably good demand. Linen
goods, white goods,, laces and embroideries, were distributed
with considerable freedom, and there was a steady call for
moderate-sized lots of men’s-wear woolens, hosiery and gloves,
&c.»at unchanged prices.
51,300
36.400
Importations of Dry Goods.
510.108
425.148
1,791,138
2,553,746
52,612
3,265
6,480
80,690
23,972
17,742
ending April 6, 1882,
for the
the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, April 1, 1882, was as
H
R
S-
P
Rye,
tr
The visible supply
of grain, comprising
follows:
Wheat,
hush.
In store at—
New York ....
Do. afloat (est
Albany
Buffalo
Chicago
Dc afloat
Milwaukee
Duluth
Toledo
Detroit
bush.
2,214,151
288,000
1,023,333
186,000
67,710
164,000
21,000
169,784
3,763,764
12,166
4,465,005
37,500
90,035
512,394
184,932
862,930
517,101
212,332
25,000
Oswego
456,330
67,225
360,550
54,861
Bt. Louis
Boston
Toronto
Montreal
116,526
..
11,432
Peoria
237,300
Indianapolis....
Kansas City....
140,237
775.826
Baltimore
Mississippi
242,000
On rail
Tot. April 1, ’82
Do. Mar. 25,’82
Do. Mar. 18, ’82
Do. Mar. 11, '82
Do. Mar.
4, ’82
Do. Apr. 2 , ’81
bush.
bush.
Barley,
29,524
1,566,3‘>6
Philadelphia.
Oats,
Corn,
59,000
640.000
6,261
22,554
211,598
bush.
94,700
6,000
92 000
2,777
282,171
101,568
9,254
22.896
85,000
788,524
134,767
9,563
55,000
152,302
57,055
82,528
7,288
107,587
41,821
19,454
82,699
2,000
19,304
44,749
121,977
52,100
122,903
18,300
9,491
112[6*38
169,203
406,675
119,087
9,429
17.673
970,000
498,000
14,5*08
•
12,101,735 9,690,651 1,682,691
12,562,355 10,114,982 1.759,102
13,415,924 11,842.896 1.990,304
14,452.348 12.928,173 2,022,885
2,631
180,000
38,961
1,700
6*853
£
SC
r-*
®
•
.
O •
.
t—.
o
.
o
®
.
0
•
©
116,000
1,080,984
w©
©QDMtO-J
O'. i— o> 00 05
TRADE.
Friday. P. M.,
April 7, 1882.
gPffl
|
•
®
!
®
M
01 4*
to
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1,160.086
433,801
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18,900
4,249
995.941
1,041,599
1,073,752
1,091,708
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DRY GOODS
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1,237.282
1,602.106
1,869,803
16,118,519 14,200,219 2,283,211 2,348,'360
21,752,359 14,266,409 3,201,160 1,979.208
THE
:
a-
6,237
1,549
272,781
this port for the week
and since January 1, and the same facts
corresponding periods of 1881, are as follows:
P
importations of dry goods at
The
36,202
178
Total for w’k 82.026
Same time ’81. 137,226
Oals,
bush.
3,265
241,582
59,664
week ending
61,713
...
Baltimore
New Orleans..
Down
[VOL. XXX1Y,
THE CHRONICLE.
416
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jobbing trade in dry goods was less active the past week 4*
(many retailers having completed their early purchases), and
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the demand at first hands was spasmodic and irregular. The O e*oi
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market was somewhat unsettled by a bad break in ginghams
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early in the week, and a subsequent sale of 1,300 cases White*
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tenton cottonades at auction had a disturbing influence, although 05 O’-3
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the goods brought fair average prices under the circumstances.
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There was only a limited demand for domestic woolen goods,
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but the tone of the market continued firm because the fall
production is well under the control of orders. Cotton goods
Exports ot Leading Articles of Domestic Produce.
ruled quiet and steady, and there was a fair business in foreign
The following table, based upon Custom House returns, shows
goods, with most relative activity in medium and fine qualities. the exports from New York of all leading articles of dcmestia
Domestic Cotton Goods.—The exports of domestics for the produce for the week ending with Tuesday last; also the exports
week ending April 4 were 1,876 packages, of which 1,018 were from the 1st of January, 1882, to that day, and for the cor¬
shipped to China, 269 to Hayti, 150 to United States of Colombia, responding period in 1881 :
80 to Mexico, 77 to Chili, 65 to British West Indies, 58 to Venezu¬
Same time
Since Jan. 1,
Week ending
last year.
1882.
ApHl
4.
ela, &c. There was a fair demand for brown cottons by exporters,
382
135
....bbls.
jobbers and converters, and stocks are so well in hand that Ashes, pots
82
16
pearls
prices remain firm. Bleached goods were mostly quiet, but Ashes,
9,871
4,447
Beeswax
fairly steady, and there was a well-sustained movement in wide Breadstuffs—
1,589,729
....bbls.
954,729
70,158
Flour, wheat
1,294
601
25
sheetings at firm rates. Colored cottons were in light request,
....bbls.
Flour, rye
44,551
bbls.
26,523
1,153
Corn
meal
aside from ducks and denims,which were fairly active and firm.
10,008,922
502,515
...bush.
5,432,900
Wheat
498,341
Print cloths ruled quiet but steady at 3%c. plus ^ per cent for
315,621
39,175
Bye
39,609
43,686
3,497
Oats
439
64x64s, and 3 5-16c. for 56x60s. Prints were in irregular demand,
6,028
Barley
47,006
106,258
17,373
Peas
but for the most part dull. Lancaster ginghams were reduced
5,392,384
4,327,021
351,264
Corn
14,314
from 10/^c. to 9c and the decline was followed by most other Candles
718
8,775
...pkgs.
15,260
14,502
1,825
Coal
137,265
staple makes; but the demand was less active than might have Cotton
161,634
11,084
35,740
40,753
1,876
been expected from such a sweeping reduction.
Domestics
...pkgs.
16,992
803
15,831
Domestic Woolen Goods. — There was only a moderate Hay
14,178
190
11,084
Hops
demand for men’s wear woolens at agents’ hands, transactions Naval Stores—
6
110
bbls.
Crude turpentine.
1,450
263
bbls.
3,301
having been chiefly restricted to a few of the most popular
Spirits turpentine.
27.351
....bbls.
44,694
5,292
Rosin
makes of cassimeres, cheviots, worsted coatings and over¬
4,475
160
5,058
Tar
1,246
161
....bbls.
1,708
Pitch
coatings, for which some additional orders were placed by
712,281
70,113,864
Oil cake
3,297,698
clothiers and cloth jobbers. There was a good steady move¬ Oils—
6,181
23,404
149
Whale
ment in the above fabrics on account of back orders, and cloak¬
65,598
84,733
1,122
....gals.
Sperm
119,160
89,208
Lard
7,507
....gals.
ings were distributed in like manner to fair aggregate[amounts.
9,859
13.378
290
Linseed
....gals;
Prices of clothing woolens remain firm, and stocks are generally
58,449,379
83,035,161
Petroleum
....gals. 10,219,152
in excellent shape. Satinets weie slow of sale, and the demand Provisions—
68,679
57,869
2,639
Pork
10,863
for Kentucky jeans was light and unsatisfactory. Dress flan¬
10,840
832
Beef
17,697
19,018
.tierces.
1,782
Beef
nels and white flannels were in fair request, but other kinds
179,711,81£
93,564,259
lbs.
4,971,709
Cutmeate
4,757,279
-„397,523
ruled quiet and steady. Woolen and worsted dress goods met
lbs.
120.809
Butter
3.9,519,929
,056,176
.....lbs.
1,052,85~
"
Cheese
with moderate sales, and there was a good steady business in
83,285,102
.ri>,526,957
Lard
3,25i\p_.
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request aiffirst hands, and a
moderately satisfactory—though somewhat lessened—business
was reported by jobbers.
Black, colored and fancy silks,[satins,
Rhadames, moires, &c., were taken in
quantities, and
....bbls.
Rice
‘
Tallow
Tobacco, leaf
Tobacco
...hhds.
bales and cases.
Tobaoco.manufactured. lbs.
Whalebone.........
605
3,033
1,209,249
8,150,316
10,397
803
661
12,831
174,980
4,773
1,431,464
100,729
'
the various makes of carpets.
Foreign Dry Goods were in fair
13.9W.5M
@FedFRASER