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ittancM

HUNT’S

MERCHANTS’

MAGAZINE,

representing- the industrial and commercial interests op the united states.
[Entered, aocording to act of Congress, in the year 1882, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. O.J

NO. 894.

SATURDAY, AUGUST 12, 1882.

VOL. 35.

this balance of six millions

CONTENTS.
CHRONICLE.
The Financial Situation
171 Imports and Exports for June,
and for the Six and Twelve
The Coining Bankers’ Conven¬
Monthsended June 30,1832. ISO
tion
Our Foreign Commerce
174 Monetary and Commercial
English News
180
Railroad Earnings in July and
from January 1 to July 31.. 176 Commercial and Miscellaneous
News
182
The British in Egypt
179
THE

were

all that

we

owed the out¬

world, it would of course be insignificant. But, as our
readers know, this is merely the balance on imports
and exports alone; it does not embrace our tribute to
side

freight service, nor the interest
abroad, nor various other items of
THE BANKERS’ GAZETTE.
The aggregate of these, as we have said on
Quotations of Stocks and Bonds 185 importance.
Money Market, Foreign Ex¬
Rat
Lailroad Earnings and Bank
U.S.
Securities,
State
change,
Returns
186 previous occasions, is usually estimated as at least 100
and Railroad Bonds and
Stocks
183 | Investments, and State, City
millions for the year.
If we take half of this for the six
Range in Prices at.the N. Y.
and Corporation Finances... 187
Stock Exchange
184 I
months, the total balance against us at the end of June
THE COMMERCIAL TIMES.
foreigners
on

on

securities

the

ocean

held

..

196 would be about 56 millions.
197
millions a

190 I Breadstufts
190 I Dry Goods

Commercial Epitome
Cotton

year

for the items mentioned, the balance

us would be no less than 46 millions,
evident that it will take two or three months at

against

Xfoe (JHirauicIc.
The Commercial and Financial Chronicle is
New York every Saturday morning.

Even allowing only 80

published

and it is
least of

m

heavy exports to wipe out such balance. July, if New
York may be taken as a criterion, contributed very little
[Entered at the Post Office, New York, N. Y., as second-class mail matter. |
to this end.
The following shows the imports and ex¬
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE*
ports of merchandise at this port during July for three
For One Year (including postage)
$10 20.
For Six Months
do
6 10.
years past.
Annual subscription in London (including postage)
£2 7s.
Sixmos.
do
do
1 8a.
do
Subscriptions will be continued until ordered stopped by a written
order, or at the publication office. The Publishers cannot he responsible
for Remittances unless made by Drafts or Post-Office Money Orders.
A neat file cover is furnished at 50 cents; postage on the same is 18
•ents. Volumes bound for subscribers at $1 00.

Liverpool Office.
in Liverpool is at No. 5 Brown’s Build¬
ings, where subscriptions and advertisements will be taken at the
regular rates, and single copies of the paper supplied at Is. each.
The office of the Chronicle'

WILLIAM B. DANA & OO.. Publisher*,

WILLIAM B. DANA. ?
JOHN O. FLOYD,

j

79 & 81 William Street, NEW YOHK.
Post Office Box 958.

THE FINANCIAL SITUATION.
There is continued

improvement in the financial out¬
earnings, as appears from our tables
elsewhere, not only maintain the large totals of last year,
but show gratifying gains besides.
The crop prospects,
except in some localities where the past week they have
look.

Railroad

had too much rain

(without, however, doing much damage

1880.

1881.

Imports.

$40,276,025

Exports.

39.180,227

$35,479,653
31,720,503

1882.

$13,791,718
29.912,764

larger, it will be seen, than even in
1880, the year of our speculation in merchandise values,
while the exports fall very much below those of that year.
In the last fiscal year New York received 68 per cent of
the imports and shipped 46 per cent of the exports.
On
this basis the exports of the entire country for July
would be about 65 millions and the imports about 64£
millions, leaving a small surplus, besides which we sent out
about 5 £ millions of specie, making the total balance of
exports for the month about 6 millions, which would be
scarcely sufficient to cover an adequate allowance for the
items mentioned above, so that at the end of July we can
The imports are

regarded as fully up to previous expectations ; have been no better offi than at the end of June. But our
improving ; money remains easy ; Congress exports are now increasing, and the total from New York
has adjourned ; the
political troubles in Europe have thus for the first week of August is larger than in any previous
dar resulted in no disturbance to financial
affairs, either at week of this year, so that we may soon begin the work of
home or abroad ; the somewhat
This appears the more
meagre reports regarding reducing the balance outstanding.
European crops are of such a character as to indicate an likely that the yield of wheat this year is estimated
increased demand for our products, and altogether the at full 500 million bushels, or more than in 1880, when
outlook is very encouraging.
we
exported 149,453,771 bushels and shipped besides
The country’s trade figures for June, and the fiscal
year 7,874,962 barrels of flour, so that if the European demand
ended with that month, have been issued this
week, and for our grain continues urgent, as seems likely, the
we review them at
length on another page. They are exports of this staple will without doubt play an im¬
interesting in this connection because of their bearing portant part in extinguishing the existing indebtedness
upon the possibility of future shipments of gold.
We against us.
find that,
In the stock market the high-priced stocks have again
taking into consideration both merchandise and
specie, the first six months of this year show an excess of commanded a large share of attention, though some of
imports over exports of $6,154,877, while last year there the more active “ fancies ” have not been neglected.
was am excess of
exports in the sum of $75,189,312. If The manipulation by the cliques last week is now
as

yet),

are
business is




■m

THE

172

CHRONICLE.

generally believed to have been for the purpose of
obtaining a larger supply of certain lines of stocks, and
this object having been accomplished, and at the same
time a fresh short interest having been created, the spe¬
cialties have been sharply advanced.
The adjournment
of Congress aided this movement to a very large extent,
and particularly influenced the Northern Pacifies.
The
most prominent feature this week has been the rise in
Delaware Lackawanna & Western, which has been moved
upward to the best figures ever recorded. The capital of
this road is comparatively small, and its earnings from
coal and other business are rapidly increasing.
It would
•appear that those who have opportunities for ascertaining the
value of the property are absorbing it, as the floating sup¬
ply of the stock is very much reduced.
The declaration of the usual dividend and the announce¬
ment that stockholders

would have the privilege

of sub¬

[VOL. XXXV,

Receipts at and Shipments from N. Y.

Received.

Gold

1903^

14,000

Total

The

Shipps

$1,314,000

Currency

6,000

$1,328,000

Bank

account of

of

the

America received

$600,000

gold~

on

associated banks this week, and
paid out
is announced from Washington that the

It
gold certificates will be ready for' issue next weekIt is probable that the up-town banks will still use
the
associated bank certificates, as they are safer,
(being pay
able to a member of the Clearing House,) than U. S.
gold
certificates, which are payable to bearer. Under a new
regulation of the Treasurer of the United States the
Assistant Treasurer has, during this week, received
from
city banks cashiers’ checks amounting to about $1,050 000
Upon receipt of the proper letter of advice the Treasurer
$150,000.

new

has directed

Assistant Treasurers and

other officers at

scribing for 10 per cent additional capital, account for the interior points to pay to the party designated in the trans.
rise in Chicago & Alton.
The increased earnings of the fer order the sum so deposited in New York. This is in
Illinois Central and the prospect of a heavy grain traffic fact a transfer of funds from banks in this city to interior
explain the movement in that stock. Chicago Burlington points, and counts as a shipment.
Last week’s bank return was made up on
•& Quincy has also advanced, notwithstanding the poor
rising
exhibit for June. All these roads were no doubt favorably averages, the full amount of the payments by the Treasury
influenced by the report that the Illinois Railroad Com¬ for bonds not appearing.
Considering this fact, the
missioners have finally consented to modify the April following will indicate the character of this week’s return.
schedule of rates which
in that

was so

obnoxious to the railroads

State, and which threatened to leave them without

Into Banks.

Sub-Treasury operations, net...

Out of Banks

$

$2,348,502

Net Oain.

$2,34?,502

1,328.000
909,000
profits. It appears that the Commissioners, while not Interior movement
419,000
Transfers through Treasury....
1,050,000
*1,050,000
entirely meeting the demands of the railroads, have mate¬
Total
$1,959,000
$3,676,502
$1,717,502
rially caltered the schedule on many articles, and that on
Loss.
the whole .the alterations are considered an improvement.
Foreign exchange is strong for sight and cables, and on
On short hauls the roads failed to gain their point, and
Thursday some of the drawers advanced the sight rate to
this will operate to their disadvantage; but as the modified
$4 89£. The demand is chiefly caused by renewals of
classification gives them at least a “ living show,” they
sterling loans, as explained last week, and the mercantile
have, we understand, agreed to abide by it and fix rates and other credits usual at this season. The
supply is not
accordingly.
liberal.
The "grain and other produce now going forward
The delivery to the Western Union of a majority of the
was drawn against last month to a very large extent, and
stock of the Mutual Union Telegraph Company, bought
now the bills offering are
mainly futures in anticipation
by'Mr. Gould a short time ago, aided in advancing that of shipments 30 or 60 days hence. One reason for the
stock, but the buying did not appear to be very enthusi¬ limited supply of commercial bills is the scarcity of vessels.
astic.
The movements in the remaining stocks on the
There is a good demand for produce and prices are fair,
market have been to a very large extent the result of
but the merchants cannot obtain ships for the transporta¬
speculative manipulation. The unexpectedly unfavorable tion of their purchases except at rates which they
bank statement of last Saturday aided speculators for a
are unwilling to pay.
A large number of steamers
decline early in the week in their efforts to depress stocks,
has been withdrawn from the Atlantic lines for service as
and as little resistance was offered by their opponents
transports to Egypt, and there is at the moment an unusual
prices fell off in such a manner as to lead to the im. demand at Baltimore for sailing vessels to load with grain
pression that a further decline might readily be brought for Europe. The high rates for freight now ruling will
about.
It is possible that during this movement outside
soon bring vessels here, and then the export movement
speculators marketed their holdings, but it is more than will doubtless be more liberal. There is scarcely anything

any

*

they took back their stocks, doing in securities either way. The following shows
pronounced tive
prices in London and New York at the opening
in favor of ultimately higher prices for the leading
day for leading bonds and stocks.
properties. Yesterday, however, the market was un¬
probable that if they did

so

for the sentiment of the street has been very

settled and

downward tendency t© prices.
Notwithstanding the unfavorable bank return of last
Saturday there has not been even a flurry in money, and
the supply appears to have been abundant, judging from
the daily rates.
The short interest in the stock market
doubtless had something to do with this apparent ease, for
this would naturally lessen the demand for money at the
Stock Exchange.
The leaders who are interested in
advancing prices of stocks have it in their power to con
tribute largely to an easy money market, and they are
weak, with

a

probably aiding in this direction. The Treasury opera¬
tions for the week, excluding $1,000,000 received from
Washington, have resulted in a loss, which is a gain to the
banks, of $2,348,502 27. The interior movement was as
ollows.




August 7.

August, 8.

August 9.

;

Lond'n N.Y.

Lond'n N.Y.

rH

.

August 10.

IJ.S.3*6s

prices.
prices.* prices. prices.* prices. prices* prices. prices.*
120-04

o

2d

100 83
40 38

Erie
con.

•p*

97-90

12014
101}4
40%
98

12004
10083
40-74
97 90

111. Cent.

cS

140-97

141J4

141 09

N. Y. C..

2

13644

137

137*30

Reading

o

r-H

29-49+

w

58%

3034+

120

120-04

120

101

1(0-83

101

*

+

4-89*6

720 05 Im
10045

101

40%

40-87

40%

40-42

m

98

98-14

98

9775

98

141%
137-%
60*6

141-58

141%

137-30

137*4

30-J+4+

60*6

Exch’ge,
cables.

August 11.

Lond'n N.Y. Lond'n N.Y.

o

U.S.4s.c.

rela¬
each

4-89*6

.

4-89*6

140-99 141
136-83 MH
59
30-34+

4-90

Expressed in their New York equivalent.
Heading on basis of $50, par value.

England return for the week shows a loss
of £692,000 bullion and of 7-16 in the proportion of
reserve to liabilities.
This is a decrease since the week
ended June 28 of £2,313,522 in bullion and of 6 11-16 m
r

The Bank of

percentage of reserve.

The Bank of France

reports a

Acoust

12,

173

THE CHRONICLE.

1868.]

1,475,000 francs gold
francs silver for the week.
This is an increase of £933,478 gold since June 28. The Bank of Germany shows a
decrease since last report of 5,540,000 marks, and, com¬
pared with the date above named, this is a decrease of
£711 000. There has, therefore, been a movement of
£2 091,044 bullion from the Bank of England to points
other than Franck or Germany since about the beginning
eain of

at bed-time.” In the same way, so far as any
danger to public interests is concerned, the meetings
of the bankers are as if they never took place.
And so

again

their own interests, which they
have a right to promote, the only charge that can with
justice be made against them is that as yet they have
accomplished so very little. Really, there is no reason in
the dread of organization (if such the yearly meetings may

far

as

respects promoting

termed) on the part of banks and bankers. Indeed,
why should these not meet and consult with one another,
especially considering the hostile attitude towards them of
a large part of the public ?•
Drop out one letter from the
terrible word “ bankers” and you have bakers, who have
Aug. 11, 1881.
Aug. 10, 1882.
a
union of their guild, as has every other industry
Silver.
Qold.
Silver.
Qold.
and interest, from highest to lowest, the dog-catchers
£
£
whom the Mayor of New York is permitted by the State
£
£
24,673,742
22,067,419
Legislature to appoint possibly excepted. Every interest
Bank of England
39 830.566 46.333,193 25,060,751 49,679,466
Bank of France
7,108,750 21.326,250 has its experiences which, united, form a common body of
6 946,250 20.838,750
Bank of Germany...
68.844.235 67,171,943 56,843.213 71,005,716 experience that is the practical guide, and every interest
Total tills week—...
69,546.169 67,446,669 57,'748.196 71,229,740 finds the sufficient results of organization in this and in
Total previous week.
the personal intercourse secured.
.
J.IH3 OlUU V O w* Vy LV*. WUta
—
of Germany is merely popular estimate, as the Bank lcself gives no
What will the bankers do this year ?
Well, we suppose
information on that point.
The Assay Office paid $96,319 through the Sub-Treas¬ they will do very much what they have done in past years,—
ury for domestic bullion, and the Assistant Treasurer listen to carefully-prepared papers on various subjects,
received the following from the Custom House.
discuss the topics appropriate, have a good time socially,
Consisting of—
and then lie down again like the insurrectionists in Nor¬
Duties.
Silver
Silver
77. S.
IHXte.
mandy. It is interesting; it is pleasant; and it is, or can
Gold.
Dollars. Certificates.
Notes.
oe made, Useful.
The literature of banking is quite richly
$331,000
$
$60,000
$337,000
$727,837
68
Aug. 4....
represented in the publications of the association, and in
167.000
18.000
147,000
332,444 92
5
236.000
this connection that indefatigable worker, Mr. Knox, must
1,000
26.000
186,000
448,544 03
7....
493,000
8,000
46,000
264,000
810,366 03
receive hearty approval.
8....
The main point to suggest
217,000
3,000
23,000
175,000
418,803 47
9....
itself
285, uOO
is, what is a bank ? According to the idea of the
27,000
191,000
502.963 23
10....
£12,000 $1,729,000 average non-user of banks, a bank is a hateful thing which
Total... $3,210,959 36 $1,300,000 $200,000
gathers a great heap of idle money in its window, where¬
with to tantalize the wayfarer by letting it go out to those
THE COMING BANKERS' CONVENTION.

the bulk of this bullion has
Britain. The following exhibits
the amount of bullion in each of the principal European
hanks this week and at the corresponding date last year.

July, and it is supposed that
gone to the interior of Great

be

of

| 2&P

“

...

“

“

“

“

The charms

of the American

Baden, which were last

seemingly more international
their power, and the bankers
will meet at Saratoga, as usual, on the 16th and 17th of
August. It is the custom of a certain class of politicians
in favor of the
Niagara, this year resume

year

to
as

resisted

meetings, and to denounce
the part of the banks to increase

affect alarm at these

attempts on

power by means
been told that the

them

their
of organization and union. We have
national banks control Congress,

and

It is further

a

mistake to suppose

A

already money enough and

bank has

been defined as a

dealer in debts, an

broker in property, and in many
other phrases.
Perhaps there is no completer defini¬
tion than to say that it is a carrier and distributer,
for it fills the office of both of these as really as
does a railroad, a grain elevator, or a commission
merchant.
It is least of all an issuer of circulating notes;
that ownership in
its services as a collector of negotiable paper and as a

they “ coerced” the Government into abandoning the
Carlisle amendment by conspiring to withdraw their
circulation, and so on. But as to the charge that they con¬
trol Congress, it is only necessary to say that they have not
even yet been equal to securing the removal of war taxes.
that

refusing it to those
who need it; a bank collects money, exacts interest, requires
security, and lends instead of freely ■ distributing. The
latter is its high crime in the eyes of many, and it is the
notion of a free distribution of money to those who need
it (that is, who have no security to offer for it) that has
supplied most of its political strength and its pestilent
vitality to the greenback movement.

who have

issuer

of

notes, a

controlling degree, lodged
in the hands of rich capitalists.
An enumeration of the place of deposit are great, but not the greatest; as a lender
of money—money really being commodities reduced to a
owners of bank shares made some years ago by Comptroller
Knox showed that of 183,996 holders of bank stock, portable form—the bank performs its chief and indispensable
function of moving every kind of usable material along
104,976 held 10 shares or less, and only 10,084 held as
much as 100 each, and only 767 held over 500 shares through all stages from first to finished condition and to
the consumer.
What the men behind and before the
each; also that the average amount of holding was $3,100
and in the “ bloatea” East was only $2,100, a large share of bank’s windows handle and transfer is not at all pieces of
the holders also being women.
Clearly this can not be paper and metal and intangible figures written in books;
miles of lumber, acres of grain, fields of cotton, and flow¬
a
very dangerous monopoly, for it lacks the essential
ing rivers of oil, food, woven goods, and every other
quality of concentration.
But the bankers are organizing, says an alarmist. thing that is produced by human hands, although not one
“Sire,” said a solemn joker at court to the King of of them goes corporeally through the bank’s door, are
France, one morning long ago (so the story runs), “ twenty really the things handled and moved along by the bank
thousand men rose at daybreak yesterday in Normandy.” through the simple machinery of credits and set-offs.
The startled king felt armies of insurrectionists tramping Nobody borrows “money” of a bank in the exclusive and
through his head from ear to ear, and looked in a dozen literal sense; or if he does the transaction is unusual and
directions at once, when the solemn newsmonger quietly is not well for any party concerned. If this were other¬
spoke again: «I forgot to add, Sire, that they all lay down wise, the bank would have no utility, and hence no busL
hanks is

exclusively,




or even to a

THE

174

CHRONICLE.

4766888111
The bank is

[Vol. XXXV.

essential part

of the machinery of history there are no two other consecutive years that
can
match the past two.
To show this, we give the following
trade—just as essential as the rail and canal.
This fact—which all bankers know, but we suppose is not table exhibiting the merchandise exports and
imports for
so clearly and constantly before the minds of some as it
twenty-two years past, arranged for greater convenience
should oe—is not yet generally understood.
Ignorance of in five-year periods. Not for seven years, it will be ob¬
it is at the bottom of the anti-bank feeling and of the rag. served, has the merchandise excess of
exports been so
small
in
as
1881-2.
money delusion as well, for the one is linked with the
other indissolubly, and when one is dispelled the other VALUE OF IMPORTS AND EXPORTS OF MERCHANDISE FROM 1861
1882, INCLUSIVE—SPECIE VALUES.
°
must go with it.
Hence it appears to us that the bankers
Year end.
Total
Excess of exports Total
can do no better service to themselves and to the public
Imports.
import
June 30.
exports.
imports.
and exports.
than to answer adequately the question, What is a bank ?
$
$
$
$
'
219,553,833
289,310,542 Imp. 69,756,709
Not that this topic has not been written out repeatedly 1861
508,864,375
1862
190,670,501
189,356,677 Exp.
1,313,824
203,964,447
and elaborately—in fact, that is the principal difficulty to
243,335,815 Tinp. 39,371,368 390,027,178
158,837,988
316,447,283 Imp. 157,609,295 447,300,262
166,029,303
238,745,580 Imp. 72,716,277 475,285,271
overcome; the work is always done too elaborately. What 1965
404,774!883
is wanted is, to remove from before the popular eye the Tot. 5 yrs. 939,056,072 1,277,195,897 Tmp.338,139,825
2^216,251^969
Average..
255,439,179 Imp. 67,627,965
187,811,214
443,250,393
mists of visible paper and coin which hide the real oper¬
1866
348,859,522 434,812,066 Imp. 85,952,544 783,671,588
ations, and to show what is the true relation of banks to
395,761,096 Imp. 101,254,955
294,506,141
690,267,237
281,952,899
357.436,440 Imp. 75,483,541 639,389,339
the community. This should be done untechnically; anc.
286,117,697
417,506,379 Imp.131,389,682 703,624,076
392,771,768
435,958,408 Imp. 43,186,640 828,730,176
it is of much less account to set forth every detail in the
Tot. 5 yrs. 1,604,208,027 2,041,474,389 Imp.437,266,362
3,645,682,416
work than to show intelligibly the fact that such work is
Average.. 320,841,605 408,294,877 Imp. 87,453,272 729,136,483
done, and only such work. What is the root in our 1871....:. 442,820,178 520,223,684 Imp. 77,403,506 963,043,862
444,177,586 626,595,077 Imp.182,417,491 1,070,772,663
perennial currency disease but an utterly wrong and
522,479,922
642,136,210 Imp. 119,656,288 1,164,616,132
586,283,040
567,406,342 Exp. 18,876,698 1.153,689,382
superficial notion of the nature of money ? Hence we say
513,442,711
533,005,436 Imp. 19,562,725 1,046,448,147
that right and wrong ideas of banks and of money and
Tot. 5 yrs. 2,509,203,437 2,889,366,749 Imp.380,163,312
5.398,570,186
currency go together. It is not needful that the average Average.. 501,840,687 577,873,349 Imp. 76,032,662 1,079,714,037
man should
be shown the details, which might only
540,384,671 460,741,190 Exp. 79,643,481 1,001,125,861
602,475,220 451,323,126 Exp. 151,152,094 1,053,798,346
confuse him; the thing is that he grasp the fact of a bank’s
694,865,766 437,051,532 Exp.257,814,234 1,131,917,298
710,439,441
445,777,775
ness.

an

5867907878811

T

or

work and the idea of how it works.

Such

bankers’

an

explanation

as

this would be superfluous at the

meeting—our suggestion (which has been made
columns) is that the Association have such

before in these

835,633,658

Exp.264,661,666 1,156,217,216
667,954,746 Exp. 167,693,912 1,503,593,404

Tot. 5 yrs. 3,383,803,756 2,462,848,369

Average..

676,760,751

Exp.920,955,387 5,846.652,125
492,569,674 Exp. 184,191,C77 1,169,330,425

1881
1882

902,377,346
750,351,173

642,664,628 Exp. 259,712,718 1,545,041,974
724,623,317 Exp. 25,727,856 1,474.974,490

tract

The results thus being known, what were the causes
prepared for general and wide circulation. Sub¬
jects enough remain for the Association to deal with. that produced them ?
Everybody knows that the in¬
Taxation is still unsettled. The old question of survival fluence of
paramount importance was short crops, super¬
between the bank-note and the greenback is one year induced
by drought unexampled not only in severity, but
nearer the time when an answer will become
in
its
compulsory,
long duration and the great extent of territory cov¬
for the bill for renewal of the bank charters does not do ered
by it. There was scarcely an agricultural product
more than remove a present
difficulty. Soon it will be that escaped partial devastation. Cotton sustained a loss
necessary to look for a new basis in place of Government of over 1-J million bales ; the yield of wheat fell from
bonds, which are being so rapidly redeemed. It is not in 498,549,868 bushels in 1880 to 380,280,090 in 1881, and
any complaining spirit, but in the view of opportunity and corn from 1,717,434,543 bushels to 1,194,916,000 bushels,
duty united, when we say that the bankers owe it to their a loss on these two articles of breadstuffs of over 640
own interests, and their
position, to exercise a positive million bushels. No wonder that our exports fell of!
influence of a character at once wise, conservative, and
Further, the previous winter was so severe that many cat¬
tle perished on the plains, and this being followed by the
progressive.
extraordinary deficiency in the crops, with the consequent
OUR FOREIGN COMMERCE.
short supply for feeding purposes, left us not only without
With the publication by the Bureau of Statistics this breadstuffs to
export, but also without meat. High prices,
week of the trade figures for June, we have full returns of
though stimulated greatly by speculative cliques, were
the country’s foreign commerce for the last fiscal year. And
only the natural concomitants of such conditions. In
a remarkable year it has been—all the more remarkable
this way it is easy to account for the tremendous falling
by comparison with the wonderful year which preceded it. off in our exports. In brief, the breadstuffs shipments
The time has passed when the changes in our foreign declined from
$265,561,091 in 1880-1 to $176,977,496 in
trade could be measured by the 10 millions, and the
1881-2, a decrease of $88,583,595 ; the provisions ship¬
figures now mount up into the 100 millions. Compared ments from $145,622,078 to $112,895,714, a decrease of
with 1880-1, last year’s merchandise
exports show a falling $32,726,364 ; and the exports of cotton show a decrease
off of $152,026,173, and the imports an augmentation of of about
47^ millions—a total decrease in these three items
$81,958,689, cutting down the excess of exports over im¬ of over 168£ millions. Petroleum is the only commodity
ports from $259,712,718 to $25,727,856, or $233,984,862. of any account, as Mr. Nimmo truly says, that exhib¬
a

A diminution of 234 millions in the balance in

our

favor!

—certainly this is a noteworthy exhibit; and the figures
are so large that it is difficult to
grasp their full meaning.
But the influence of the change has been very
far-reaching
in its consequences, and not
only on our Stock Exchanges,
but in every branch of trade and industry, have the ad¬
verse effects made themselves
sensibly felt. Indeed, we
are still somewhat under their
power, and the experience
being so recent and so familiar, it is unnecessary to dilate
upon the matter now.
Suffice it to say, that in our entire




its

an

June

increase.

For

the

twelve

months

ended

of this
staple was
against
$40,315,609 in
$51,232,706,
the preceding twelve months, a gain of $10,917,097.
Allowing for this gain, we get a net decrease of about
157£ millions on our four great export staples—breadstuffs, provisions, cotton and petroleum. The decrease in
all articles, as stated above, is 152 millions, so that these
:;our leading staples come very near to explaining the
entire change in the export movement.
It is a striking
30,

1882,

the

value

of

the

exports

August

12, 1882.

the great growth that has
taken place within recent years in our exports, that the
total for the present year, though 152 millions below the
preceding year, has only twice been exceeded in our his¬
The falling off from last year in the breadstuffs
exports is greater than the falling off in all other articles
combined. It will be interesting, therefore, to see how
the individual items in these breadstuffs exports compare.
We accordingly give the following table.
Commentary, however, upon

tory

exports of

breadstuffs during last

two fiscal years.
Value.

Quantity.

884,912

201,310

tons11
43,148,888 91,349,817
Corn, tousto........
434,116
288,240
Corn-meal, bbls...
358,197
511,845

Barley,
Oats,

toush

1,928,405
92,857,276 149,453,771

5,733,194

7,874,962

$549,037

$148,175
28,814,016

50,414,194

110,430,920
35,396,599

1,885,785
166,641,758
44,635,623

992,043
249,687
946,056

973,897

Bye, bush..
Wheat, toush......
Wheat flour, totols.

1880-1.

1881-2.

1880-1.

1881-2.

1,267,609
167,085

months of

exhibit

whole of the decrease in breadstuffs.
diminution of 2 If million dollars, wheat

the

and sugar and molasses

1881-2, or $3,657,905;

gain of $6,497,688—making a

a

of $23,576,134.

these four items

total increase in

Considering our large

demands, it would probably
expect that the imports will ever
again reach such low figures as prevailed after the panic of
1873, but with better crops this season it is not unlikely that
some of the items here mentioned will be greatly reduced.
The position in our foreign trade held by the leading
ports is a point worthy of some consideration, and we
have therefore compiled the following table showing the
value of the imports and of the exports at each port during
population, and its augmented
be

unreasonable

to

and the percentage such
imports and exports bear to the country’s total movement
the last

fiscal

three

years,

in each of those years.
EXPORTS AND

Corn suffered
a diminution of

IMPORTS OF
P.

Exports.*

1881-82.

$176,977,496 $265,561,091

Total

175

CHRONICLE.

THE

c.

MERCHANDISE AT UNITED STATES
of

Whole.

P. c.

1880-81.

Whole.

PORTO.
P. c.

1879-80.

$

$

$

of

45*12
11*50
8*03
8*14
4*90
3*89
18*42

344,496,451 45*91 407,180,102
9*47 103,741,244
71,044,412
5*25 72,471,693
39,428,236
8*33 73,433,850
Boston, &c. 62,471,426
5*08 44,229,330
Philadelp’a 38,131,258
7*12 35,095,856
San Fran..
53,404,204
All oth. pts. 141,375,186 18*84 166,225,271

New York.
N. Orleans.
Baltimore..

392,560,090
90,442,019
76,253,566
59,238,341
49,649,693
32,358,839
135,136,110

of

Whole.

46*98
10*82
9*13
7*09
5*94
3*87
16*17

millions, and wheat flour
millions—together 87 Total 750,351,173 100 00 902,377,346 100*00 835,638,658 100*00
The transcendent importance of wheat and its
Imports.
435,465,714 £67*77 459,937,153 68*86
product, flour, is here demonstrated, and the significance New York. 493,011,361 68*04
1*59
1*90 10,611,353
1*63
12,213,920
N. Orleans.
11,826,092
2*99
therefore of a large yield this year, of which there is now Baltimore.. 14,945,812 2 06 16,189,816 2*52 19,945,989 10*25
9*64 68,503,136
9
60
61,960,131
&c. 69,594,057
5*38
5*07 35,944,500
every assurance, does not admit of gainsaying.
In the Boston,
4*71
32,581,791
Pliiladelp’a 34,128,844
5*27
5*91 35,221,751
5*66
37,948,962
40,994,322
San Fran..
5*66
case of the provisions exports, the decline is much smaller,
7*19
37,790,864
8*30 46,304,294
All oth. pts.
60,122,829
as already stated, but a statement of the details
will be Total 724,623,317 10000 642,664,628 10000 667,954,746 100*00
useful; so we have had prepared the following table
Domestic and foreign.
showing each item that enters into the total. These
In the imports the fluctuations are unimportant.
New
aggregates have been made up from the monthly returns, York maintains its great preponderance, and notwith¬
and are therefore (like the breadstuffs figures above) substanding the heavy increase the past year in imports its
ject to correction when the completed reports are received,
percentage of the movement is virtually unchanged. In
but they- are sufficiently accurate for all practical pur¬
the export movement there are some material differences.
poses. It will be seen that the decrease is mainly in the New York has about the same proportion as last year—a
articles that are termed hog products, though butter and
trifle more—and so has Boston ; and it is really interesting
cheese also sustain quite a diminution considering the
to see how little as respects both imports and exports these
56£

millions.

*

*

smallness of their totals.
EXPORTS of

provisions during last

Value.

Pounds.

1880-81.

1881-82.

69,502,621 105,800,292

Beef, fresh
Beef, salted

45,658,195

Bacon and hams....
Lard
Pork
Tallow

Butter
Cheese
Total

In this

40,451,420

457,574,726 740,845,931
249,192,124 376,946,248

78,877,326 106.364,193
50,309,373 96.253,933
14,760,312 31,692,241
124,368,266 145,824,906

1881-82.

$
6,763,082
3,884,388
45,820,753
28,840,556
7,066,406
4,003,021
2,838,939

But

Northern ports have varied their percentages.
ome of the more southerly ports lose heavily in exports^

two

two fiscal tears.

applies especially to Baltimore, which had this year
only
per cent of the total exports, against over 8 per
cent the previous year and over 9 per cent in 1879-80.
New Orleans loses 2 per cent as compared with last year,

This

1880-81.

$

9,850,257
2,651,363
60,683,251
35,108,788
8,157,699
6,792,325
6,221,543

and

about

If per cent

as

compared with 1879-80.

Philadelphia more than holds its own as compared
13,678,569 16,156,852 with 1880-1, but is not yet up again to the year preceding.
112,895,714 145,622,078
San Francisco makes a great gain, its proportion this year
connection it is interesting to note that the short being 7T2 per cent, against only 3*89 the previous year,

instrumental not oi ly in diminishing our
exports but also in swelling our imports. The increase in
crops were

port and Baltimore have changed places,
Francisco now holding the place held in the previous

and this

*1

It

San

year

■I

millions. We have not the by Baltimore—fourth. This is due to its heavy exports of
Mr. Nimmo, in the prelimin¬ wheat. While the crops east of the Rocky Mountains
were all poor last year, those west of them were excellent,
ary statement before us, gives some striking figures for
the eleven months ended May 31. in which he succeeds in and the Pacific Coast had besides a large surplus left over
from the preceding year; so there was an unusual quantity
accounting for over 73 millions of the 78 millions increase
that was recorded in that period.
The increase is pretty for export, which found a ready market at the low prices
The fall¬
well distributed, embracing india rubber, silk, chemicals, which prevailed in that section of the country.
cotton manufactures, wool manufactures, hemp, flax, furs, ing off in the breadstuffs and provisions exports explains
in great measure the change in the positions of the dif
leather, tobacco and manufactures, steel and railroad iron,
&c.;but the tabulation derives especial significance from ferent ports, though New Orleans in addition lost heavily
the large increase shown in items of food products.
Thus in cotton. The great reduction at Baltimore is attributable
year is 82
details for the full year, but

imports for the

“breadstuffs and rice” has increased

_

more

other item in the list, namely $8,073,756, or 80
per cent; fruits, which considering the high prices pre¬
vailing for meat and bread, to some extent probably
served as a substitute for these, show an increase of

than any

$5,346,785

;

potatoes

increased from $731,605 in the
in the eleven

eleven months of 1880-1 to $4,389,510




extraordinarily poor outturn of the crops in
This is reflected in the bread
stuffs exports from that port which exhibit a contraction
of over 50 per cent.
No doubt the same fact also in¬
fluenced in part the decline in the provisions shipments
from 6J millions in 1880-1 to less than a million in the
past year. What part the breadstuffs and provisions

in amount chiefly to the
the section

tributary to it.

i:

ME CHRONICLE

176

^exports played in the movement at each port is clearly in¬
dicated in the

IVol. XXXV.

RAILROAD EARNINGS IN

following table.

JANUARY 1

PROVISIONS ANT) BREADSTUFFS EXPORTS FROM EACH PORT.

JULY, AND FROM

TO JULY 31.

Railroad

earnings again make a very
satisfactorywas quite
Ports.
generally
supposed that as the
1881-82.
1880-81.
1880-81.
1881-S2.
June figures showed a decrease, a similar result
would be'
$
$
$
$
New York
76,282,453 121,086,815 witnessed in July and August, or at least until the move¬
78,985,548 101,212,891
New Orleans
211,671
75,454
3,129,914 14,037,324
ment of the new crop was
fully under way on all cereals
Baltimore
21,884,713 49,170,221
6,259,090
923,571
11,736,442 17,416,186 The actual
Boston, <&c
19,413,826 26,139,193
showing for July will therefore be an agree¬
9,448,332 22,825,698
7,133,703
Philadelphia
9,204,901
San Francisco
441,519
39,941,673 22,245,550 able
372,847
surprise, as there is an increase of about 2 million
Other ports
14,553,969 18,779,297
4,224,011
3,919,567
dollars, or over 9 per cent on the earnings of July, 1881.
Total
112,895,714 145.622.078 176,977,496 265,561,091
This increase is all the more noteworthy that the
July
With the movements of the precious metals, as dominated
figures last year were 17 per cent above those of 1880
by the change in our merchandise exports and imports, which in turn were 35
per cent above those of 1879, so
our readers are tolerably familiar.
Briefly we may say that in the brief
period of three years railroad receipts
that while in 1880-1 we imported net of gold $97,459,277,
have expanded over 72 per cent.
Of course, mileage has
in 1881-2 our net imports of that metal were only
also increased meanwhile, but the ratio of increase
here
$1,789,174, and even this small balance remains simply is much
smaller, and, besides, a mileage basis does not in
because of the heavy imports during the first half of the
itself furnish a very fair means of comparison since
the
fiscal year, for, as everyone knows, during all the months
traffic on the new lines is almost invariably
very lightof this year we have exported gold more or less.
Of and needs time for
development. The following is our
silver, which is a commodity, we exported $8,729,360 net usual table
showing earnings and mileage on each road.
in 1881-2 and $6,290,627 in 1880-1.
GROSS EARNING S AND MILEAGE IN JULY.
As to the trade figures for June, which we have not
Gross Earnings.
Mileage.
previous!}* reviewed, we have space for but few remarks.
Name of road.
Increase or
There was again an excess of merchandise imports, but, as
1882.
1881.
1882. 1881.
Decrease.
we anticipated, it is
smaller than in the previous month,
$
$
$
Atch. Top. & S. Fe
1,087,000 1,006.633
+ 80,367 1,820 1,667
being $11,708,655, against $19,171,061 in May. Last year Burl. Ced. Rap. & No.
174.351
198,275
620
+ 23,924
'564
Cairo & St. Louis
34,140
33,636
146
+ 1,501
146
the exports exceeded the imports—4£ millions.
For the Central Branch U. P.
57,960
-24,134
82,094
383
300
Central
Towa
91,587
8*.713
244
4-2,874
six months of the calendar year to June 30, there is an
190
Central Pacific
2,020,000 1,899,346
+ 120.65 1 2,994 2,634
225 096
306,831
& Ohio..
504
excess of imports of $39,611,857,
+ 81, / 3 5
430
against a correspond¬ Chesapeake
671.537
Chicago & Alton
676,205
—4,668
847
840
Eastern Ill
150,739
125,139
230
+25,600
220
ing excess of exports of $97,999,966 in the six months of Chic.
Chic. & Gr. Truukt...
135,882
335
99,241
+ 36.641
335
1881, showing- a difference between the two years of 137£ Chic. Milw. &St. Paul. 1.465,000 1,568,706 —103,706 4,353 3,803
Chicago & Northwest.
Provisions.

Breadstuffs.

exhibit.

It

.

•

'

'

million dollars.

In part payment

of the balance due from
us this year we shipped $28,311,056
gold net; last year
in part payment of the balance due to us we received
$27,687,997 net. The following shows the merchandise
movement at each

port.

EXPORTS AND IMPORTS OF MERCHANDISE AT U.

Exports (Domestic
and Foreign.)

1882.
June.

1881.

Since Jan. 1.

June.

$
$
27,459,233 157,768.779
3,284,442 36,821,913
1,884,203 14,213,740
4,242,635 28,762,063
3,233,618 16,273,437
3,107,732 24,547,727
7,748,008 63,772,023

New York
New Orleans
Baltimore
Boston, Ac.

Philadelphia
San Francisco
All other ports
Total

S. PORTS.

$
$
30.653,866 186,375,281
6,114,036 56,282,723
5,279,521 30,566,301
5,892,494 36,699,516
4,217,049 19,367,543
2,570,739 18,611,707
8,722,574 77,454,565

50,959,871 342,159,682

Imports.

Since Jan. 1.

63,450,279 425,357,636
f

New York

40,382,656 259,000,573
6,269,h96
916,566

New Orleans
Baltimore

Boston, <fco
Philadelphia

1,200,722

7,018,077

7,393,186

40,376,007

3,827,561
4,785,953

San Francisco
All other ports

4,161,892

Total

21,289,233

37,353,110 219,531,265
'

1

20,534,591
27,283,162

62,668,536 381,771,539

To what extent the breadstuffs

and

916,833

1,409,869
6,294,773
3,701,476

4,375,034
4,869,714

6,626,496
8,351,212

35,497,990
16,923.087

17,991,570
22,436,050

58,920,809 327,357,670

provisions exports

responsible for the falling off in total exports from the
different exports will appear by the
following table.

are

EXPORT8 OF BREADSTUFFS AND PROVISIONS FROM LEADING
PORTS.

1882.

Breadstuffs.

June.

$
4,539,057
110,722
407,857
608,221

New York

New Orleans
Baltimore
Boston

Philadelphia

Total

Since Jan. 1.

$
27,940.602
780,945
5,593,661

1,027,921

4,958,032
2,135,374
17,921,463
5,503,504

9,247,466

64,833,581

5,424,810

34,761,789

453,094
2,100,594

San Francisco
Other ports

1881.
June.

Since Jan. 1.

$

9,052,745
1,554,437

3,328,304
1,532,343
1,838,081
1,343,025
1,956,243

7,460,312

19,000,347
8,235,104
9,068,265

11.819,071
7,074,673

20,605,678 111,980,917

Provisions, <&c.
New York
New Orleans
Baltimore
Boston

Philadelphia

San Francisco
Other ports

4,760

48,436

•

1,305,996
616,830
28,229

338,125

31,377
486,104

8,129,186
5,141,693
173,969
1,996,284b

6,812,059

47,422,363

17,656

137,013

360,607
1,515,429
603,304
26,079
266,589

4,019,237
13,567,606
3,637,643

9,601,723

71,165.337

185,271
2,196,204
.

Total...




7,767,186

50.723,402

cf

1,983.03 L

331,480
209,564

383,202
177.161

140,369
39,456
224,019
495,797

122,747
29,805

East Teun.Va.
Ga..
Evansv. * T. Haute..
Gr/Trunk of Canada!
Great West’u of Can.t,
Gr. Bay Win.
St. P.
Hannibal & St. Jos...
Houston E & W. Tex.
Illinois Central (III.)..
Do
(Iowa lines)..
lud. Bloom. & West...
Intern’l & Gt. North..

Long Island
Louisville <fc Nashv...

Marq. Hough. & On.*
Milw. L. Sli. & West..
Mo. Kan. & Texas
Missouri Pacific
Mobile & Ohio
N. Y. & New Eugl’nd.
Norfolk <fc Western...
Northern Paciiic
Ohio Central
Ohio Southern
Peo’ia Dec.&Evansv..
Rich. & Dauv.*
St. L. A.&T.H. m.line.
Do do (branches).
St. L. Iron Mt. & So...
St. Louis & San Fran..
St. Paul & Duluth
St. Paul Minn. & Man.
8eioto Valley
Texas & Pacific
Tol. Delphos & Burl..
Union Pacific

548.284
25,260
112,707
222,769
60,559

-52,487
—9,267
+5,297
+ 13,570

403,831
184.347

388,427
32,472
201,899

21,348
618,478

12,521
548,318

133,773
206,072

171,686
199,125
196,062
84,56 1
124,459

+ 60.220
+ 52,274
+ 15.404
—5.681
—17,552
+ 8.827

+70,160
-37,913
+ 6,947
+ 794
+ 714

-18,593

32.236
243.880
817.135

26,100
279,231
1.038,385
128,322

-—6,136

+ 35,351
+ 221,250
+ 26 972
+ 19.362
—2,242
+ 165,501
+ 850

101,350
49.631
484,576
568,507
135,548
216,820

68,993
482,334

731,008
136,398
308,920

179,183
679,240
85,572

+62,10*;

173,375

+ 5,808
+ 285,980
+ 30.340*
+ 5,299
+ 21,827

393,260

55,226
22,195

27,494
73,740

+9,651

-

+ 31,491

78-5,765

196,856
85,278
105,866

+ 42,705
-51,722
+ 32,403
+ 17,622

192,528

838.039

26,791

Kan.City Ft.S.& Gulf*
Lake Erie & Western.
Little Rock & Ft. S...

'

15,993
118,004
236,339
120,779

Detroit Lans’g & No..

51,913

;100,200

t93,857

121,847
70,170
515,519

118,844
46,549

533,512

318,613

252,333

96,954
853,296
45,352

+

6,343

3,310
1,039

2,807

157

946
300
336
144
322
847
87
222
900
144

1,456

1,406

807
219
292
111
919
402
6^4
731
362
385
168
328

807
219
292
88
919
402
544
625
318
385
168
328

2,025

1,840

87
275

250

300
336
144
322

1,066

-

87
222
902

87
880
796

1,226
811
528
394

428

506
316

425

,

1,298

754

212
128
254

248

212

128

757
195

757j

71,412
387,488

17,993
+ 66.280
+25,542

195
121
723
661
175

+ 465,808

1,020

855

39,073

+ 6,279

127

100

367,215

328,063

1,054

73,661

59.268

+39.152
+ 14,393

Virginia Midland*....

2,301,000
+42,004

Wab. St. Louis & Pac.

1,418.837

Wisconsin Central....

79,358

2,526,000
+31,808
1,131,752
77,805

$

49,293,145

2,025,736

Cliic. St. P.Miun. &0.
Cin. Ind. St. L. &01i..
Cincinnati Southern*.
Cleve. Ak. & Col
Col. Hock. Val. & Tol.
Denv. & Rio Grande..
Des Moiues «fc Ft. D.*.

Total

'•

'

+ 3,003
+ 23,621
-

•

-225,000

121

686
597
175

821
435

484

3,594 3j346

+ 7,196

353

3o3

+ 287,085
+ 1,553

3,343

2,479

534

534

23,619,112 21,657,927 + 1.991,185 48.042 42,584

*

Three weens only of July in each year.
f For the four weeks ended July 29.

The above increase

made

J Freight earnings only.

despite a smaller cotton
movement, a diminished grain movement (the gain in wheat
was not sufficient to offset the loss in other
cereals) and a
somewhat less active business generally.
In special sec¬
tions, however, the unusually abundant yield of winter
wheat, with the great demand for it because of the pre¬
vious season’s short supply and the low stocks on hand,
was a positive influence of a
very favorable character.
Thus the receipts of winter wheat at Chicago are reported
was

August

12,

THE

1882.J

tf^bT^itho^rp^cedent for this period of the year
Indeed, Chicago has not hitherto been considered much
f market fo°r this species of wheat, and its situation in
that respect would therefore appear to be changing.
The
effect of this movement is seen in all the roads that con¬
nect Chicago with the winter-wheat district. The Chicago
& Eastern Illinois, the Evansville & Terre Haute, and the
main line of the Illinois Central all show large gains in
earnings for this very reason. Not only did Illinois and
the adjoining States known as large producers of winter
grain contribute to this movement, but the South also
furnished liberal supplies to swell the aggregate. The
Illinois Central people, for instance, inform us that their
road received large quantities of wheat from points in
Kentucky and Tennessee on their St. Louis & New Orleans
line the comparatively high prices ruling being
great inducement to a speedy marketing of the cropand of course the Illinois Central got the full haul on this
traffic, all the way to Chicago.
Other roads similarly
situated were no doubt benefitted in the same way. The
Peoria Decatur & Evansville, which does not run as far
Chicago, had, besides a full movement of grain all
along its line, a further favoring influence in an agree¬
a

•

TWK*?!

as

ment
to

been made between it
grain that formerly went to

said-to have

carry

Southern

Illinois to

this purpose.
The

position of the

177

CHRONICLE.

and the Wabash

Cincinnati from
Chicago, using their joint lines for
South as respects cereals has this

gain of over $165,000 in earnings, equivalent to
an increase of pretty nearly 30 per cent.
The Wabash, on
870 more miles of road, gains $287,085, but it was only
in the latter part of the month that this road began to feel

records

a

augmented volume of grain traffic. For
fourth week of July the increase was $107,987, or

the effects of the
the

33£ per cent—this on a largely increased mileage, of
but even with the same mileage in both years the
increase in earnings is heavy, over $76,000.
On the other hand, roads that do not traverse the winter
wheat belt make a less favorable return.
This is particu¬

over

course ;

larly true of roads like the Chicago Milwaukee & St. Paul
and the St. Paul & Omaha, which have a decrease, and
the Chicago & Northwestern, which has only a very small
increase.
But the statements of these roads are very

encouraging nevertheless, for with the new crops not yet
moving and scarcely any remnant left of the old crops, a
much more unfavorable showing was anticipated.
It
will
be
observed, too, that these roads cover a
very
wide extent of territory and are there¬
fore
experiencing the full effects of last year’s
crop shortage, which effects are naturally more pronounced
at the end of the season than they were at the beginning.
Among other roads in the same territory the Burlington
Cedar Rapids & Northern does quite well.
The Central
Iowa has a small increase, while the Des Moines & Fort
Dodge has a heavy decrease. The St. Paul Minneapolis
& Manitoba still heads the list of roads having an increase
and its traffic is expanding at a marvellous rate, superin¬
duced by the large immigration into the section of country
which it drains.
To show the influence of the grain
movement upon the traffic of Western roads we give the

undergone complete change.
Hitherto she has
import largely to meet home wants, and
last year, on account of the severe drought, she had to
depend to a greater extent than ever upon the West and
subjoined table of the receipts of flour and grain at the
Northwest for supplies of this character. Not only South¬
leading lake and river ports. It will be seen that while
ern roads but Western roads like the Peoria (running to
wheat exhibits a heavy gain, corn exhibits a much heavier
Evansville), were thus in part compensated for the loss
from diminished crops.
Now, the movement is com¬ loss, leaving the total movement of grain considerably
smaller this year than last ; also that Chicago appears to
pletely reversed, and instead of Western roads moving have been the chief sufferer from this diminished move¬
Western grain South, they are moving Southern grain
north and west.
From all sections of the South come the ment, which, as already remarked-, lends significance to
the maintenance this year of last July’s-large earnings on
same reports of a better and larger crop of small grain
roads like the St. Paul and the Northwest.
than ever before raised in that division of the country.
RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED JULY 29.
The Baltimore Sun- last week commented upon the
heavy receipts of Southern grain at Baltimore, and re¬
Rye,
Farley,
Oats,
Corn,
Wheat,
Flour,
bush.
bush.
bush.
bush.
bush.
bbls.
marked that large shipments of wheat to that port from
Tennessee, Georgia and nearer States had been made ovej Chicago—
11,716 55,901
185,746 2,866,284 3,951,655 1,188,022
1882
22,286 85,090
2,192,025
the Virginia Midland and the Shenandoah Valley roads ;
9,822,230
220,186 1,160,371
1881
Milw’kee—
8,550
33,0.50
152,382
also that the Richmond & Danville system, through the
138,450
590,743
1882
151,527
12,237
24,875
152,150
98,500
926,255
1881
278,043
York River line, had laid down in Baltimore 50,000 bushels St. Louis—
1,741 10,701
794,655
572,626
117,323 3,657,017
1882
6,464 17,912
of oats from Georgia and South Carolina, States “ which
494,434
973,265
1,579,119
94,184
1881
115
have always been looked to as importers and never as ex¬ Toledo
20,907
158.276
3,102 1,584,574
1882
284
25,123
739,822
4,393 1,093,475
1881
porters of that article.” From Louisville we have a statement Detroit—
63,794
51,282
227,100
7 531
1882
that the receipts of wheat there during July were 893,705
42,138
127,349
135,039
1881
20,’670
420
2,550
bushels, against only 71,540 bushels during July, 1881, ClevePd—
90,400
31,450
505,474
8,717
1882
500
710
56,843
261,956
97,183
1881
9,372
the receipts in this one month being twice as great as dur¬
Peoria—
21,550 16,850
369,825
469,600
34,000
1882
4,673
ing the whole of the year 1881, when the total was only
13,150 26,025
202,925
40,675 1,549,950
1881
5,495
Duluth—
444,191 bushels. Of the 893,705 bushels in July, 126,015
65.858
38 900
1882
came by river,
57,131
1881
9,050
508,999 by the Louisville & Nashville,
107,421 by the Louisville Cincinnati & Lexington, and Total of all
75,610 92,537
2,679,985
470,519 9,531,055 5,373,339
1882
67,485] 142,048
3,165,638
13,573,072
147,115 by the Chesapeake Ohio & Southwestern, the
641,393 5,089,248
1881
Chesapeake & Ohio’s Western line. Evidently we have
Southern roads as a rule do well. The Louisville &
here a new factor in the traffic of Southern roads, for which
Nashville particularly records a handsome increase.
So
allowance should be made.
The point that appears to have gained most from the does the Chesapeake & Ohio, which is looming up seme,
present free movement of wheat—even more than Chicago, now that the extension to Newport News is in operation
and the connecting links in the line to Memphis have been
as is natural
by reason of its position—is St. Louis. As
Southwestern roads, however, do
evidence of this we have not only the heavy receipts at completed. The
that point, but the large increase in earnings reported by not quite come up to the expectations entertained /with
»any of the roads leading to. that city. The Missouri regard to them. The St. Louis & San Francisco makes a
Pacific on mileage but very little greater than last year very favorable showing, but all the rest—more especially

year

always had to




t

....

....

....

....

•

....

—

....

......

....

....

....

....

....

....

....

$

4

178

THE CHRONICLE,

those in the Gould

system—are

ing rather unsatisfactory exhibits.
sion

considered

as

mak¬

Perhaps this impres.

aging the idea that the effect would be felt at once by the
railroads running into that territory.
Certain it is, that a
decrease

on

the Missouri Kansas Texas and

Mountain, has occasioned

on

the Iron

surprise, and that the in¬
crease on the Texas & Pacific is
regarded as rather small,
considering its large increase in mileage. But it should
some

be borne in mind that all these roads recorded
very heavy
gains last year, so that in this and a contracted cotton
movement

.

GROSS EARNINGS FROM JANUARY 1
TO JULY 31.

Name, of Road.

arises from the

fact that crop reports from that
section have been more than ordinarily glowing, encour¬

have an explanation of the small
progress this year. To illustrate the contraction in the cot¬
ton movement, we have had
prepared the following table
of the receipts at the
leading outports this year and
last.
Although the cotton movement is always small
at this period of the
year, the falling off from 1881, as
recorded at such points as Galveston and New
Orleans, is
noteworthy.,
we

may

RECEIPTS OF COTTON AT SOUTHERN PORTS IN
JULY,

1882.
Galveston

hales.

Indianola, <&c
New Orleans
Mobile
Florida
Savannah

Brunswick, &c

Charleston
Port

Royal, &c
Wilmington
Morehead City, &c

Norfolk

City Point, &c
Total

As to the Pacific

852
42

3,962
1,515
4

1,523

1881.

9,550
162

17,970
3,021
13

8,260
164

2,761
124
157
25

4,854
3,079
18,898

3,188

1882 AND 1881.

Difference.
Dec....
Dec....
Dec....
Dec....
Dec....
Dec....
Dec....
Dec....
Inc..
Dec....
..

1,040
134
10,687

8,698
120

14,008
1,506
9

6,737
164
427
124
883
159

1,766

Dec....
Dec....
Inc..

5,833
1,313

56,005

Dec....

37,107

..

[VOL. XXXV,

Atch. Tod. & 3anta Fe
Burl. Cedar Rap. & No...
..

Cairo

St. Louis

Cent. Branch Union Pac.
Central Iowa
Central Pacific

Chesapeake & Ohio
Chicago & Alton

1882.

1881.

Increase.

$

$

$

7,887,718
1,489,674
440.272
637,758

14,185,866
1,705,949

Chic. & Eastern Illinois.
Chicago Milw. & St. Paul
Chicago <fc Northwest

Chic.St.P.Minn.&OinaliaCin. Ind. St. L. & Chic...

Cincinnati Southern*....
Cleve. Ak. & Col
Col. Hock. Val. & Tol....
Denver & Rio Grande....
Des Moines & Ft. Dodge*
Grand Trunk of Cauadat
Great West’n of Canada!.
Hannibal & St. Joseph...
Houst. E.& W. Texas
El. Central (Iil. line)
Do
(la. leased lines).
Indiana Bloom. <fe West..
Int. & Gt. North
Kan. City Ft. S. & Gulf*.
Lake Erie & Western

Long Island

6,402,839

204,158

4,102,237
965,249

'

1,171,383
239,934
542,102
479,169

12,769,270
1,521,219

3,922,163

10.605,000

885,596
8,687,507

12,551,051

11,025,755

2,560,498
1,422,435
1,297,713
274,917
1,439,722
3,617,430
188,048
6,159,934
2,816.441
1,088,625
143,605
3,821.808
1,039,198
1,358,507
1,539.814
847,009
763,646

1,201,091

2.067.129

1,289,240
1,127,334
233,122
1,231,176

3,104,041
181,344
6,151,970
2,972,483
1,210,032
78,531

3,613,693
959,519
1,345,773

1,339,825
772,452
750,048

1,055,232

Louisville 4c Nashville...
Marq. Houghton & Ont.*
Milw. L. Shore & West’n.

7,123.049
611,456

Mo. Kansas & Texas
Missouri Pacific
Mobile & Ohio
New York & N. England.
Norfolk & Western
Northern Pacific
Ohio Central

491,538

304,565

3,129,661
1,024,125
1,848,569

2,779,799
3,601,731
1,253,447
1,487,818

1,204,141

1,168,504

Oregon Railway & Nav..

Peoria Dec.& Evansville.
Richmond & Danville*...
St.L.A.4cT. H. main line.
Do
do (branches)..
St. L. Iron Mt. 4c South’n.
St. Louis 4c S. Francisco
St. Paul 4c Duluth.
St. Paul Minn. 4c Man
Scioto Valley
Texas 4c Pacific
Toledo Delphos 4c Burl...
Union Pacific
.

Virginia Midland*

3,949,587

3,265,281
541,558
2,665,800
440,903

{1,766,296
702,567
456,751
3,746,822
1,832,462
517,351

4,484,330
279,614

2,430,039
509,807
15,400,000
1653,578

6,294,650

373,584

1,692,494
330,017

2,183,703
336,185
+1,691,542

835,069
414,930

3,868,941
1,714,004
367,014
2,335,768
204,036

2,060,509
341,705
13.490.000

1595,442
7,359,017

Dccreait.

1.484,879
318,291

’35,776

158,589
1,396,596

101,830

184,730
180,124
79,653

1,917,493
1,025,296
493,369
133,195
170,379

41,795
258,516
543,389
6,704
7,964

156.042
65,074

121,407

208,115
79,679
12,734

199,989
74,557

13,598

145,859
823,399

237,872
186,973
349,862

347,856
360,751

229,322

35,637
1,572,787
211,541

482,097
104,718
74,754
41,821
118,458
150,337
2,148,562
75,578

132,522
122,119

369,530
168,102
1,910,000
58,136

Wabash St. L. 4c Pac
8,830,085
roads, the Union Pacific reports a de¬ Wisconsin
1,471,068
Central*
1,007,364
739,692
267,672
crease of $225,000 for the
month; but it should be stated
Total
155,348,157 134,974,067 21,273,108 899,018
that in July, 1881, there was an increase of over
20,374,090
$590,000. Net increase
The Central Pacific gains
$120,000, while the Northern
Three weeks only of July in each year,
Pacific is still climbing upward at a
1 To July 29.
t Embraces in July freight earnings' only.
very rapid rate.
The
Atchison Topeka & Santa Fe maintains its
very heavy
Among net earnings, the statement of the Chicago Bur¬
earnings of last July, and makes a small improvement be¬ lington &
Quincy for June, is the most remarkable that it
sides. Coming to the trunk
lines, we find that the Canadian has been our privilege to see for a
long time. While las
lines have larger
earnings than a year ago—though this is year in June this road earned $1,121,014 net, this
year it
largely the result not of an increase in freight traffic but of has net
earnings of only $516,123, a falling off of over
a gain in
passenger traffic—while the Lake Erie &. Western, one-half or
$604,891 in one single month ! Looking at
which is influenced largely by the course of trunk-line
traffic, the details we find that this loss is wholly the result of a
has very much smaller
earnings than in 1881. The St. large decrease in gross earnings, and this in turn the
Louis Alton & Terre Haute has this time an increase on
result of an exceedingly
heavy diminution in freight
its main line, as we remarked last month would be
the earnings.
Last year in June / the receipts on freight
Gase as soon as the movement of winter
grain to St. Louis traffic were $1,702,970 ; this year they are only $994,778,
began. The increase for the full month is only about a decrease of
$708,192. Surely, this is a striking con¬
$3,000, but in the fourth week there was an increase of trast between the business of two
years.
The explanation
over $10,600.
The road has not only an abundant crop is, that this
year the road suffered a very heavy contrac¬
along its own line to draw upon, but, doing a through tion of its business
by reason of the great crop deficiency,—
business east from St Louis, it should also share in
the the loss being especially
heavy in corn and in hogs, the sup¬
increased movement of grain from Kansas
(which has an ply of the latter being largely dependent upon the yield of
unusually heavy yield of wheat this year) and Missouri, corn—while last year June was not
only a very good month
after the grain reaches St. Louis.
in itself, but traffic that had been detained in the early
For the first seven months of the
year we have a very months of that year, first by snow and ice and then by
gratifying statement. A net increase of over 20 millions floods, came forward in
large amounts, and raised the
or more than 15
per cent—that is the result of our tabu¬ totals for the month to unusual
proportions. But it is
lation.
There are but seven roads that have
any decrease, a striking commentary all the same on this year’3 business
and the total decrease on all is less than
$900,000. The that both gross and net for June are below those of two
Northwestern roads are conspicuous above all others for
years ago, when the totals were respectively $1,682,956
their heavy gains, and the Pacific roads are
second only and $848,744. For the six months the loss as
compared with
to these.
Southern roads, except the Mobile &
last
Ohio,
year is much smaller, since the road was $336,960
which suffered
heavily from floods and by the dimin¬ ahead at the end of the five months, leaving an actual
ished cotton
tonnage incident to the smaller crop, decrease of $267,931. The road is noted for its large
pretty nearly all have fair amounts of increase. Among increases as well as for its
large decreases in business, and
Eastern roads, New York & New
England -and Long a gain as large as that made in February this year would
Island have very good exhibits to offer.
Following is our be sufficient to wipe out the loss of the first half year and
usual
*

table.




leave

a

small balance besides.

August

179

CHRONICLE.

THE

12, 1S63.J

little ostentation, but with that steadiness which is the sure
Pennsylvania in June did fairly wgIL Thor© was
of success, the British Government is pouring
an increase of $286,319 in gross and $45,790 in net.
The harbinger
its troops and all the necessary material of war into the
loss in net for the six months is over $800,000.
The now distracted country. Each successive day witnesses
Northern Central added a few thousand in June to its pre¬ the arrival of two or three transports; and in a few days
~~

The

-ft

and it now stands $163,000 behind the
six months of 1881. The Philadelphia & Reading did not
vary last June’s result much, and on the Railroad Com¬
pany for the six months is $12,000 ahead in net, while on
the "Coal Company it is $86,000 behind.
The Burlington
Cedar Rapids & Northern continues to improve on 1881.
So does the Buffalo Pittsburg & Western. The Des Moines &
Fort Dodge reports a small amount of net this year, against
a deficit of pretty nearly $10,000 last
June, but allowing
for the fact that last year’s expenses included $24,105 for
new steel rails, the showing this year is unfavorable.
The
Marquette Houghton & Ontonagon has again doubled
its net, and for a small road its earnings are marvellously
larg6 • in June it earned more gross per mile than any
other road reporting. The Milwaukee Lake Shore &
Western furnishes a statement for June and the six
months, which shows that the company is making great
strides forward. The Chesapeake & Ohio, now that it has
finished its improvements, is able to reduce expenses and
add largely to net. The gain in net for the six months
is over 50 per cent.
The Nashville Chattanooga & St.
Louis, suffering from a diminished supply of cotton traffic,
had its net cut down $29,660 in June, and the loss for the
current year to the end of June increased to $60,298.
vious

loss in net,

The decrease

in gross is three times

that the company

that amount, showing

Sir Garnet

Wolseley will be at the head of some twenty
the British army. Arabi

thousand of the finest soldiers in

and proba¬
bly enough he entertains the hope that, if not able to drive

Pasha shows

no

signs of a disposition to yield;

of Egypt, he may yet give them
shall not be without its influence in shaping

the British from the soil
such trouble as

arrangement. His being declared a rebel, how¬
ever; does not improve his chances.
Of one thing we are not permitted any longer to enter¬
the final

and people are

tain any doubt.
The British Government
in earnest. Slow to act at first, and evidently

unwilling to
the grounds of the

embark in the

enterprise, except on
highest necessity, they are now moving with a might and
a majesty which indicate that they mean business; and the
Government evidently has the consent and approbation of

people. The sound which went forth from the Guild¬
hall on Wednesday evening—a hall which has often
resounded with applause in similar circumstances—was far
from being uncertain.
The speeches at the Lord Mayor's
banquet were just such speeches as the British people like
to hear on such occasions. They were manly, honest, firm,
and full of confidence.
Nothing could be nobler or more
satisfactory than Mr. Gladstone’s exposition of the situa¬

the

tion.

“It

of

is

vital importance,”

he said, “that

should not be misunder¬
have gone to Egypt in prosecution of
of the empire. Unless those interests

has succeeded in largely reducing ex¬ the position of England
stood.

Forces

penses./ The Norfolk & Western gained $11,481 in net
in June, and its loss for the six months is only a little over greac interests
$30,000. The following table furnishes the gross and net exist it would not have been

earnings of all roads that will supply

monthly exhibits for

publication.
GROSS AND NET EARNINGS

TO LATEST DATES.
Jan. 1 to June 30.

June.
Name.

Net
Gross
Operating
Earnings Expenses. Earnings

Gross

Net

Earnings

Earnings

$
75,193
53,162
211,257

$
35,381
36,464

*
39,812

$
383,158

16,698

140.995

70,262

205,912
271,381
241,135
1,437,164
2,083,802

140,282
189,972
203,018
921,041
962,788

297,066
1,291,399
997,032
1,399,118
1,296,123

1,121,014

9,098,547

Des Moines & Ft. D... .1882
1881
Do
do

21.380

20.709
42.710

671

def.9,830

Milw. L. Shore & West.1832

75.512

1881
Marq. Houghton & On.. 1882

52,202
185,780
139,689

172,059
156,0815
422,545
251,934
483,134
272,234
886,74o

Buffalo Pitts. & West.. 1882
Do
do
1881
Burl. Cedar Rap. & No..1882
Do
do
1881

Chesapeake & Ohio... .1882
«•

do

Do

1881

Chic. Burl. & Quincy... 1882
1881
Do do

Do

,

Do

32,880

do

do

1881

Nash. Chat. & St. Louis 1882

119,074

1881

154,549
174,843
156,888

do

Do

Norfolk & Western
Do

do

Do •

4.093.756

2,559.423

3,807,437

2.318,894

341,614

214,301
222,576
941.333

482.762

1881

350,585
1,714,730

Do

do

1881

Phila.& Read. C.& Iron.1882
Do

do

1881

do

1882
1881

Utah Central
__

Do

74,826
80,641

487,287

1881

Philadelp’a & Reading. 1882

do

74.003

101,990
95,516
309,309
305,596

1882

Northern Central
1882
do
1881
Do
Penn, (all lines east of
Pitts. & Erie)
1882
Do
do
1881
Phila. & Erie
1882

53,564
39,698
58,012

1,707,296
1,303.253
1,143.610
131,237

938,827
1.232,475

1,072,778
55,664

65,630
81,409

38,117
516,123

21,948

12,504

127,768
65,686
41,248
73,908
72,853
61,372

173,453

181,691

2,651,671
2,601,867

242,206
335,228
160,474
3,890,013
4,157,944
59,810
def. 329

150,759
51,463

373,606
433,904
404,460
435,972
877,231
1,040,461
8,190,122
8,997,154

9.137,089

3,802,820
259,135

768,469
70,778
70,832
75,573

6,272,393
5,566,121
774,541

573,516
605,652

3,814.939
345.255

468,819

Jan. 1 to July

Net
Gross
Operating
Earnings Expenses. Earnings

$

1,079,224
1,024,958
995,129

88,239
424.147

1,534,333 22.651,847
1,488,543 21.553,839
127,313
1,725,164
128,009
1,723,027
773,397
9,531,496

July.
Name.

9,155,615

*

203,149

$
196,600

*
228,700

189,437

227.978

Gross

31.

Net

Earnings Earnings
$

$

2,665,800

1,226,370

2.183,703

988,778

possible for us to find a justi.
fication for intervention.
But let it be known and pro¬
claimed from this spot, which affords a channel of com¬
munication with the world not inferior to the Senate
itself, that those interests are not ours alone, but interests
we have in common with every State in
Europe. Nay,
with the whole civilized world.”
Mr. Gladstone,
always felicitious in speech, was
never more fortunate in his choice
of words. It was
necessary clearly to put the position of England ; but
it was also necessary so to put it as to satisfy the
British people, and to command the approval of the
outside Powers.
Equally happy was his allusion to the
Suez Canal.
It is essential for mankind that that gate
should be open, and that the country in which it is
situated should be peaceful, orderly, and under legal gov¬
ernment.
Not otherwise can it continue to be the great
gateway of commerce. It is, as Mr. Gladstone said, the
duty of every one of the Powers to work
for the canal such conditions of safety;

so as to secure
but England

unwilling to do the work alone; and it is impossible
to deny what Mr. Gladstone affirms, that the performance
of such a work, if associated with high and disinterested
objects, will redound to the honor of those upon whom
the burden is cast.
Nor is it possible to take exception
to the language used when speaking to, and of, the

is not

England has no quarrel with the people
May 31.
Egypt nor with the Mohammedan religion. The war
May.
Name.
undertaken
is not against the one nor the other.
On the
Operating
Earnings Expenses. Earnings. Earnings Earnings
contrary, the war has been undertaken to put down mili¬
Oregon Improve’rat Co.1882 $255,701 $166,799
$88,992 $1,227,213 $401,295
tary tyranny and to restore the reign of law; and Moham¬
medans are carefully reminded that the English respect the
THE BRITISH IN EG YF T.
religions of those who differ from them. Such a reminder
The news from Egypt for the last few days has been was hardly necessary, one would think, from the Prime
somewhat less exciting than recently.
There is a kind of Minister of a Sovereign who rules over forty millions of
lull in the storm. All the same, however, events are Mohammedans; but Mr. Gladstone was meeting argu¬
tending towards the inevitable issue. Quietly and with ments which have been used to England’s disadvantage,
Oregon R’y & Nay. Co. .1882
Do

do

1881

,

425,300

417,415

of

Jan. 1 to

Gross

Do




do

1881

Net

Gross

Egyptian people.

Net

THE

180

CHRONLCLE

speaking to a feeling which he knew existed in
Egypt. The frank utterances of Mr. Gladstone have
been made at an opportune moment, and they can hardly
fail to produce a happy effect all round.
Mr. Gladstone’s hope that the expedition will have a
speedy and successful issue/ will be shared by many. The
prospect is certainly more encouraging than it was two
weeks ago.
It is something that England has taken the
matter up in earnest, and that she is making an effort in
some degree commensurate with her strength and her
•resources.
It is something also that Germany and Austria
fully endorse England’s measures and that the fertile
genius of Bismarck is with her. With Bismarck on his
side, Mr. Gladstone can afford to be indifferent to the luke¬
warmness of France, to the jealousy of
Italy, and to the
ill-concealed displeasure of Russia.
Nor is the changed
attitude of the Porte at all discouraging.
If Turkish
troops go to Egypt, they go as the allies of England and to
act subordinate to English plans.
If left alone there can
be no doubt that England will make short work with
and.

Arabi Pasha.

There

are

those who

see

canal apart altogether from the general
We do not so regard the situation.

trouble

in the

question of Egypt.

[VOL. xiuv.

GOLD AND SILVER—COIN AND BULLION.

1882.—Exports—Dom-Gold..
do

$5,522,162
726,221
50,089
600,681

Silver..

Foreign— Gold
do

Silver..

$30,688,310

$?9n??’625

6,687,690
1,078,2 46
2.727,075

1?>?7i.743
J-184,255
4,752.953

$6,899,153 $41,181,321

Total

Imports—Gold

$257,142
816,681

Silver
Total

$3,455,500

Excess of exports over imports
Excess of imports over exports

$604,382

Silver..

$1,122,541

1,216,698

Foreign— Gold

12,166

7,831,268
659,678
1,772,075

do

8,095.33ft

$42,472^90
$6,940,186

$5,825,330 $33,456,980

1831.—Exports—Dom.—Gold..
do

$34,377,054

4,268,841
$7,724,341

$1,073,823

Silver..

151,449

Total

-

$l,984,6a5
Silver

738,825

$100,024,409

4,776,000

$962,513

Excess of exports over imports
Excess of imports over exports

,

4,441,078

$29,470,216

640,388

Total

12,400,637

$11,435,562 $19,4061847

$322,155

Imports—Gold

$1,826,307

10.551,088

$31,240,216 $110,575,497

$1,022,152

$

$

22,810.654

91,168,650

TOTAL MERCHANDISE, COIN AND BULLION.

1882.—Exports—Domestic
Foreign

$55,785,336 $370,665,480
2,073,683

$770,549,305

12,675.523

23,214,444

Total

$57,859,02 1 $333,341,093 $799,763,749
Imports
L.
63,742,359 389.495,8 0 767,095,707
Excess of exports over imports $
$
$32,068,042
Excess of imports over exports
5,883,335
6,154,877
-----

1881.—Exports—Domestic
Foreign
Total

Imports
Excess of exports over

$63,798,0 47 $423,382,303 $898,152,891
1,636,927
13,410,895
23,631,302
$65,434,974 $436,793,198 $921,784,193
361,603,886 753,240,125
imports $Oj551)022! $75,189,312 $168,544,068
..

..

Prince Bismarck Excess of imports over exports
expressed the common-sense opinion on this subject when
The following is a statement showing, by principal customs
he pronounced it absurd that England, which is the districts, the values of merchandise
imported into and exported
largest owner of the shares, and which does seventy per from the United States during the month of June, 1882:
cent of the business, should not have more to
say in the
Domestic
Foreign
Customs Districts.
Imports.
Exports.
Exports.
management of the great water-way than any of the other
Powers; and we may rest assured that English diplomacy Baltimore, Md
$1,830,754.
$3,449
Bangor, Me
36,456
13,947
will find it possible and easy enough when
the time comes Boston and Charlestown, Mass
'.393,186
4,205,943
36,692
Brazos de Santiago, Texas
to reconcile English domination with the
99.861
134,026
110,444
general good.
15
Brunswick, Ga
217,359
There are many questions pertinent enough to the pres¬ Buffalo Creek, N. Y
374,493
20,605
40,469
19,040
ent situation which it is perhaps best to leave to time to Cape Vinceut, N. Y
451.425
Champlain, N. Y
1.97,744
answer.
After Egypt has been delivered from the
2,730
597,993
120
tyranny Charleston, S. C
90,1112
673,516
1,641
of Arabi, the work of reconstruction will have to be under¬ Chicago, 111
Corpus Christi, Texas
42,473
283.972
2,932
taken

and it is not

conceivable that the work of

recon¬

struction will be

altogether free from difficulties.- But the
difficulties will not be insurmountable, and if we have
faith in Mr. Gladstone’s utterances, the
Egypt of the future
may revive some of its ancient splendor, and her people
more than their ancient
prosperity and comfort. It is one
of the richest countries in the world.
It ought to be one
of the happiest.

Cuyahoga. Ohio

.

Detroit, Mich
Duluth, Minn
Galveston, Texas

IMPORTS AND EXPORTS FOR JUNE, AND FOR
THE SIX AND TWELVE MONTHS
ENDED JUNE 30, 1882.
/Prepared by tbe Bureau of Statistics and corrected to July 26, 1882-. |
Below is given the twelfth monthly
statement for the cur¬
rent fiscal year of the
imports and exports of the United States.
The excess of imports or of exports of merchandise was as fol¬
lows:
Month ended June 30,1882 (excess of
imports)
$11,708,665
Month ended June 30, 1881 (excess of
exports)...
4,529,470
Six months ended June 30,1-82 (excess of
imports)
39,611,857
Six months ended June 3o, 1881 (excess of exports)
97,999,966
Twelve months ended June 30, 1882 (excess of
exports).... 25,727,856
Twelve months ended June 30, 1381 (excess of exports)
259,712,716

The excess of imports or of exports of
and bullion was as follows:

gold and silver ooin

Month ended June 30,1882 (excess of
exports)
i.
Month ended June 30, 1881 (excess of exports)
Six months ended June 30, 1882 (excess of
exports)
Six months ended June
30, 1881 (excess of imports)
Twelve months ended June 30, 1882 (excess of
exports)....
Twelve months ended June 30, 1881 (excess of
imports)

$5,825,330
1,022,152

33,456,980
22,810,654
6,940,186
91,168,650

The total values of imports and of domestic and
foreign
exports for the month of June, 1882, and for the six and
twelve months ended June 30, 1882, are
presented in the fol¬
lowing tables:
MERCHANDISE.

Huron, Mich
Key West, Florida
Miami, Ohio
Minnesota. Minn

Mobile, Ala
New Haven, Conn
New London, Conn
New Orleans, La

1882.—Exports—Domestic
Foreign

....

For

the 6
For the 12
tn'nlhs ended months ended
June 30.
June 30.

$49,536,953 $333,289,480 $733,073,937
1,422,918

8,870,202

17,277,236

Total

$50,959,871 $342,159,682 $750,351,173
62,668,536 381,771,539 724,623,317
Excess of exports over imports $....
$25,727,856
Excess of imports over exports
11,708,665
39761 i’,857
Imports

.

1881.—Exports—Domestic
Foreign

$61,976,967 $414,378,494 $883,925,947

Total

$03,450,279 $425,357,636 $902,377,346

Imports
Excess of exports over imports
Excess of imports over exports




1,473,312

'

58,920,809
$4,529,470

10,979,142
327,357,670

18,451,399

642,664,628

$97,y99,96o $259,712,718

5,529

6,677

1.5.685
218,858

42,447
2,731

45,373
592,020
112,730
104,980
766,453
60,977

3,174
116,411
69,691
916,566

:

18,128

81,696
....

A

3,139
3.250,82 4

33.618

26,630,016

829,217

Niagara, N. Y
Norfolk and Portsmouth, Ya

3,223

Oregon, Oregon
Oswegatcliie, N. Y

.

Oswego, N. Y

172,691
546,542

Passamaquoddy, Me

132,556

Pearl River, Miss

Pensacola, Fla
Philadelphia, Pa
Portland aud Falmouth, Me
Puget’s Sound, Wash
Salem and Beverly, Mass.
Sau Francisco, Cal

31,335
375

8

76,9031

”“52*6

361,062

3,827,561
2 / o,3oo

3,086,549
82,259
94,818

147,069
19,446

3,028.386
1*9,243

79,346

127,100
269.022
290,772
233.414

2.194
103

4,785,953
"

500,854

All other customs districts.

Totals

643,214
392,230
240,329
27,186

4,345
o3, / 3 /

Savannah, Ga
Vermont, Vt
Willamette, Oregon
Wilmington, N. C

5,733

$62,068,53Gj$49,536,953l$l,422,918

pl0ttctaryiI©ommevctalguglish^ews
BATES OF EXCHANGE AT LONDON AND ON

LONDON

AT LATEST DATES.
EXCHANGE AT LONDON-July
On—

Time.

Amsterdam
Amsterdam.
.

For the
month of
June.

53,27.5

192,048

82,162
55.45.8
1 13,103
26,379
14.393
71.167

Genesee. N. Y

New York, N. Y..

16,642

139,445

Hamburg...

3

mos.

Short.
3 mos.
<4

Berlin
Frankfort...
Vienna

•

»

29

Latest

Rate.

Date.

20-65

@20-69

12-13%@ 12-1614
25"4114 ®25-46i4
Antwerp
44
231$ @239)6
St.Petersb’g.
Paris
Checks 25'12*fl®25-17i«
Paris
3 mos. 25-37A2@25"4212
44
Madrid
46 @46!8
44
Cadiz
46 98® 46 ^
4 i

...

44

Time.

12-414 3124V July 29 Short.
12T3i @12-23*
20-64 @20-68
July 29 Short.
20-65 ,®20-69
July 29

44

Lisbon
Alexandria
New York...

EXCHANGEON LONDON.

July
July
Julj'
July
July
July
July

29
29
2a

29
29 Checks
2a 3 mos.
29 Short.

Rate.

12-07 ^
20-41

COAl^
20-44
12-03^
25-20
24^

25-14^
25*16
2720

511116^511316

.

Bombay

..

..

Calcutta

60

d’ye

44

Hong Kong..
Shanghai....

....

Is. 8d.
Is. 8d.

•

July 29
July 29
July 29
July 29
July 29

Short.
4 mos.

4*85
Is. 8ii«d*
Is. 8^.
3s. 9^(1.
58. 2%cU

Augbst

12,

to constitute a first mortgage on the Chicago
& Pacific Western Division. The price of issue is 96 per cent,
bonds, which

correspondent. I
London, Saturday, July 29, 1882.

rFrom our own

market remains extremely quiet, and the tenn-y has been towards increased ease.
The discount houses
have farther reduced their rates of interest for deposits, and
allow only 1/6 per cent for money at call and 1% per cent
fpke money

,

w

if° with

7 or 14

days’ notice of

withdrawal. The bank rate,

remains at 3 per cent, notwithstanding that the open
quotation for three months’ bills is only 1% per cent,

however,

market
*nd it is not

expected that any change will be made as long as
the Egyptian difficulty is a question of considerable uncer¬
tainty and anxiety. This Egyptian question is undoubtedly
exercising a very important influence of an adverse character
over our commerce, and business on the Stock Exchange is
conducted with much caution. There is an impression gaining
ground that the war will not be of long duration; but it is
nevertheless admitted that there are many difficulties against
which we have, and shall have, to contend, and consequently
some development of events is necessary before any reasonable
conclusion can be arrived at. The British Government have
been showing some determination of late, and it is to be hoped
that their energies will not be relaxed. The correct policy, no
doubt, is to take complete measures to subdue Arabi Pasha and
his followers, and to establish a government in Egypt which
shall be satisfactory to ourselves as well as to the Continental
Powers. Mr. Gladstone, if he is still of the same opinion as he
was when in opposition, is by no means friendly to Turkish rule
in Europe, and if success should attend the military expedition
which is being sent

opportunity of further
The Porte has for some time

out, he will have an

curtailing the Sultan’s powers.
past been playing a very fast and

loose game with Europe, and
especially with this country; but this country has evidently
made up its mind, and only military disasters can change it.
The times are,

however, critical, though

181

CHRONICLE.

THE

1882.]

the future is looked

forward to with a fair degree of confidence.
The Bank return published this week is rather unfavorable,
there being a decrease of £320,689 in the supply of bullion, and'
of £368,332 in the total reserve.
The proportion of reserve to
liabilities has, in consequence, declined from 40 20 per cent to

or

are

$1,000 bond. It is stated that the principal is re¬
January 1,1921, and principal and interest are pay¬
New York in United States gold coin. The present

£192 per

payable

on

able in

issue forms

part of

authorized issue of $13,840,000, of which
placed in America and Frankforfc-

an

$10,800,000 have been already
on-the-Main.
We have had

week of fine weather, but it has not been

a

quite of a July character. The crops have been maturing
satisfactorily, and in the south of England a fair quantity of
produce will, should the weather continue propitious, be cut
down. The trade during the week has been very quiet for
wheat, and sales have been only practicable at lower prices.
The supplies of produce afloat have increased and are now as
follows : Wheat, 1,943,000 quarters; flour, 152,000 quarters, and
Indian corn, 225,000 quarters.
During the week ended July 22 the sales of home-grown
wheat in the 150, principal markets of England and Wales
amounted to 12,182 quarters, against 13,683 quarters last year
and 17,701 quarters in 1880; while it is computed that they
were in the whole kingdom 48,730
quarters, against 54,730
quarters and 70,800 quarters. Since harvest the sales in the

principal markets have been 1,787,641 quarters, against
and 1,351,051 quarters, the estimate for the
whole kingdom being 7,150,600 quarters, against 6,308,200
quarters in the corresponding period of last season and 5,429,500
quarters in 1879-S0. Without reckoning the supplies of produce
furnished ex-granary at the commencement of the season, it
is estimated that the following quantities of wheat and flour
have been placed on the British markets since harvest. The
visible supply of wheat in the United States is also given:
150

1,666,033 quarters

sales

1878-79.

1379-30.

1880-81.

1881-82

52,530,066 52,586,273 44,923.691
11,397,040 9,319,373 8,193,746

Imports of wheat.cwt.53,832,334
Imports of flour
9,103,439
nome-grown

or

30,935,600 27,335,250 23,527,500 41,957,180
93,921,373 91.262,356 85,433,616 95,079,617

produce
Total
Deduct
exports
wheat and flour

or

1,721.909
Result
92,633.213 89,939,927 83,909,157 93,357,708
39'32 per cent. The supply of mercantile paper is very moder¬ A.v’ge price of English
wheat for season (qr.) 46s. lOd.
46s. 4d.
43s. 5d.
40s. lid.
ate, and there is an excessive amount of capital seeking employ¬ Visible supply of wheat
in the U. S.... bush. 8,900,000 15.600,000 11,000.000 14,676,280
ment. The rates of discount are, in consequence, very easy, as
The following return shows the extent of the imports and ex¬
follows;
Per cent.
Open market rates—
Per cent.
ports of cereal produce Into and from the Uuited Kingdom
4 months’ bank bills
l7e®2
Bank rate
3
months’
6
bank
bills
l7s®2
Open-market rates—
during the first forty-eight weeks of the season, compared with
4 & 6 months’ trade bills. 2
a) 3
30 and 60 days’ bills.....
17s
the corresponding period in the three previous seasons :
3 months’bills
17q
IMPORTS.
The rates of interest allowed by the joint-stock banks and
1878-79.
1879-80.
1830-81.
1331-82.
discount houses for deposits are as follows:
...cwt.53,832,334 52,530,066 52,586,273 44,923,691
Wheat
9,630,579
Per cen t.
12,026,741
Joint-stock banks
Discount houses at call
Do
with 7 and 14 days’notice.

Annexed is

a

statement showing

*

•

2
1 *2
1%

the present position of the

England, the Bank rate of discount, the price of
average quotation for English wheat, the price of
middling upland cotton, No. 40 mule twist, fair 2d quality,
and the Bankers’ Clearing House return, compared with the
three previous years :
1879.

Barley

Oats
Peas
Beans
Indian corn....
Flour

1,322,429

12,297,802
9,9 44,905
2,043,996
1,891.724
21,240,744
9,103,439

10,341,313
9,617,945
2,229,620

Circulation
Public deposits
1
Other deposits
Governm’t securities.
Other securitiesRes’ve of notes & coin
Coin and bullion

1882.

1881.

1880.

&

£

£

26,967,105
4,571,166

27,223,3 60

28.329,418

26,378.530
15,545,92 L
17,506,9 »1
16,774.527

33.293.437
16,7 49,642

26,256,550 29,002,887

35.694.093

26,690.890

3,859,186
27.462.08 L
14.3 49.471

15,885,333

22,713,909

20.105,573

12,403,529

15,039,445

17,759,826

21,372,218

993*

10118

49s. 2d.

46s. lOd.

43s. 6d.

2 p. c
98
44s. 7d

price

Mid. Upland cotton..
No. 40 mule twist

6llied.

6*3*gd.

69ied.

10*2d.

Ili4d.

91,415,000

32,257.000

7ii6d.

10*4d.
Clearing-House ret’n. 92.420.000

2 *2 p. c.

The silver market has been firmer, and the price

9i4d.
73.682,000

of fine bars

isnow52d. per ounce. There is a fair Continental, as well as
Indian, demand. Mexican dollars have realized 50j^d. per ounce.
The following are the current rates of discount at the prin¬

cipal foreign centres:
Bank
rate.
•

ct.

^

Jaris
Brussels
Amsterdam
Berlin

Hamburg.

Frankfort..."/!.’"
Vienna

3i2

Bank
rate.
Pr. ct.

Open
market.
Pr. ct.

3M
330
314

4

35s
3^8
358

Madrid and other

4*a

Spanish cities..

4^

St. Petersburg...
Geneva
Genoa
9

6
413
5

4@ 5

Copenhagen

4

4

6

4

318

Messrs. Speyer Brothers invite applications to an issue of
13,000,000 5 per cent Chicago Milwaukee & St, Paul Railroad




11,397,040

1,503,998
1,565,067
35.035,837
8,198,746

1381-82.

1880-81.

1879-30.

1878-79.

1,175,858

1,322,768

1,562,102

107,365
44,209

29,500
96,003
98,668
80,878

219,636

671,199

146.571

191,721

176.976

52,360

598,990

Peas

671,449
61,416

Beans
Indian corn....
Flour

119,141
161,420

Oats

Einli§h

49,299

llarket

daily closing quotations for securities, &c., at
breadstuffs and provisions at Liverpool, are
by cable as follows for the week ending Aug. 11:
The

London.

Silver, per oz
..
d.
Consols for money
Consols for account
Fr’ch rentes (in Paris) fr.
U. S. 5s ext’u’d into 3*23
U. 8. 4*29 of 1891
U. 8. 4s of 1907
Erie, common stock
Illinois Central

Pennsylvania
Philadelphia & Reading.
New York

Central

Sat.

99»i6

99i*i6

•

1223*
413*
143*2
63*2
313s
140*4
Sat.

13

>>

2
H

W
:

Mon.

d.
3

State.. 100 lb.
Wheat, No. 1, wh.
“
9 6
Spring, No. 2...
“
9
8
Winter, West., n
“
9 8
Cal. white
“
7 6
Corn, mix., West.
“
Pork, West, mess..# bbl. 92 0
Bacon, long clear, new.. 63 0
92
Beef, pr. mess, new,#tc.
Lard, prime West. # cwt. 61
Cheese. Am. choice, new 56

81-62
|

103
117

s.

Flour (ex.

Mon.

511516
81'55

0
9
0

107,021

95,365
24,111

16,692
475,651
159,807

Heporcs—Per Cable.

and for

Open
market.
Pr. ct.

32,661,681

10,668,775

1,126,740

Barley

Liverpool.

312
318

""
4*

...cwt.

Wheat

29,321,875
4,378,466

2i$ p. o.
9618

3 p. c.

**’
av<

5.287,002

in

both departments.. 23,311,419
Proportion of reserve
to liabilities....
39-32
Bank rate
Consols

£

2,269.750

13,266,527
1,963,810
2,545,745
26,658.103
9,319,873

EXPORTS.

Bank of

consols, the

1,524.489

1.238,160

>*
cJ
•rH

•W-

Loudon,
reported

Thurs.

Tues..

Wed.

517b
999*6
99iii0

517e
5178
991316 99>516
99 *5*^ 100

81-75
103
117
123

413s
143*2
63*2
3030,
1393*
Tues.

81-97*2 82-20
103*4
103
117

117

1225a
4178

1225b
4150

144*2
633*
31*8
1403*

144*2
633*

Wed.

3078
140*2
Thurs.

s.

d.

8.

d.

s.

13

3

13

3

13

9
9
9
7

6
8

9
9
9
7
93
63
93
62
56

6

9

8
3

9
9
7

93
63
93
62
56

8

6
0
0
0
6
0

6
0
0
0
6
0

94
63
94

62
57

d.
3
6
8
8
6
0
0
0
6
0

Fri.

5178
99*3*0

99*3*8
102*2
116*2
122*2
41*4
1437e
30*2

13958
Fri.
8.

d.

13

0

.9

*6

9
0
7

5
8
6
0
0
0
6
0

94
64
95
62

57

182

THE

CHRONICLE.

[Vol. XXXV.

nc

CEuremevciad aufl jfflsccllattecmsltews.

Cincinnati Wabash & Michigan.—The formality of
consoli
dating the Cincinnati Wabash & Michigan Railway with the
Imports and Exports for the Week.—The imports of last Elkhart Niles & Lake Michigan Railway has been completed
week, compared with those of the preceding week, show The former. road extends from Anderson to Goshen, Ind., and
the latter is an extension of the Cincinnati Wabash &
a decrease in both
dry goods and general merchandise.
Michigan
from
Goshen by way of Elkhart and Niles to Benton
The total imports were $9,498,712, against $10,738,478 the pre¬
Harbor
ceding week and $11,443,209 two weeks previous. The exports on Lake Michigan, a distance of 55 miles. The new road as*
for the week ended
August 8 amounted to $8,472,071, against consolidated, will be 165 miles in length.
$6,909,443 last week and $7,626,589 two weeks previous. The
Railroad Construction (New).—The latest
information of
following are the imports at New York for the week ending the completion of track on new railroads is as follows:
(for dry goods) Aug. 3, and for the week ending (for general
Buffalo Pittsburg & Western—Extended from Dunkirk, N. Y.,
north
merchandise) Aug. 4; also totals since the beginning of first east to Silver Creek, 9 miles.
w"
week in January:
&
Ohio—Extended
from
Chesapeake
Newport News, eastward 6
~

miles.

FOREIGN IMPORT8 AT NEW YORK.

For Week.

1879.

Dry goods

1880.

1881.

1882.

GenTmer’dise..

$1,933,920
3,5 / o,331

$3,564,435
6,852,293

$3,346,197
8,406,562

$2,700,818
6,797,394

Total
Since Jan. 1.

$5,509,251

$10,116,778

$11,752,759

$9,498,712

$52,391,342

$73,935,027
225.024,553

$65,606,158
192,931,315

80,476,787
223,162,741

Total 31 weeks $184,999,146 $304,009,530 $258,537,473

$303,639,523

Dry goods
GenTmer’dise..

'

-

Chicago Milwaukee & St. Paul—Track laid

132,607,804

the Cannon River
branch from Northfleld, Miun., to Waterford, 3 miles.
Denver & Rio Grande—Track laid on the Utah extension from
Gun¬
nison, Col., westward 35 miles.
Little Rock Mississippi River & Texas—Track on the
Ouachita
ion is extended from Monticello, Ark., west to Warren, 17 miles. divis¬
Norfolk & Western—Track is laid on the New River Division
from New
on

River, Va., northward 15 miles.

Northern Pacific—Track laid on the Little Palls & Dakota
branch
from Little Falls, Minn, west by south to Sauk Center, 3t> miles.
Salt Lake & Western—Extended from Boulder, Utah,

westward to
Tiutic, 14 miles.
Sioux City & Pacific—The Nebraska division is extended
westward to
Thatcher, Neb., 5 miles.
Texas & St. Louis—Extended from McGregor, Tex., south west to
Leon
River, 12 miles. Gauge 3ft.
Union Pacific—Ou the Oregon Short Line track is laid to a
point one
hundred and thirty-two miles west by north from Granger, Wy., an ex¬
of
tension
30 miles. Also from Pocatello, Idaho, has been
extended
west to American Falls, 12 miles.
This is a total of 194 miles of new railroad, making 5,473 miles
thus
far this yen r, against 3,115 miles reported at the
corresponding time
in 1881, 2,631 miles in 1880. 1,273 miles in 1879, 947 miles in
1878,
845 miles in 1877, 1,145 miles in 1876, 594 miles in 1875,913 miles in
1874,1,966 miles in 1373 ana 3,372 miles in 1872.—Railroad Gazette.
.

In our report of the dry goods trade will be found the
of dry goods for one week later.

imports

The

following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
Week ending August 8, and from January 1 to date :
EXPORTS FROM NEW YORK FOR THE WEEK.

1879.

Forth© week...
Prev. reported..

1830.

1881.

1882.

$6,979,850

$3,485,041

186,375,993

$8,362,928

233.463,932

221.011,081

$8,472,071
187,814,278

St. Johnsbury & Lake Champlain.—At St. Johnsbury, Vt.,
August 9,1882, tlie annual meeting was held, and the summary
of the financial statement for the past year is as follows: In¬
The following table shows the exports and
imports of specie come, $242,662; add balance of earnings from last year after
at the port of New York for the week
ending Aug. 5, and the payment of interest, $32,290, making a total of $274,952;
since Jan. 1, 1882 :
deduct operating expenses for the year, $$199,496, leaving a
EXPORTS AND I31PORTS OF SPECIE AT NEW YORK.
balance of income, $75,455; deduct the interest and taxes paid
during
the year, $40,108, making the balance of income June
Exports.
Imports.
Gold.
30, 1882, $35,347. The company voted to lease the Canada
Week.
Since Jan. 1.
Week.
Since Jan. 1. Junction Railroad
jointly with the Montreal Portland & Boston
Great Britain
Railway Company, which thus assumes all liability. The
$
$29,310,499
$
$104,998
France
Canada Junction Road is eleven miles long, and is now in process
2,526,150
401
Total 31 weeks

$193,355,843 $241,948,973 $229,374,009 $196,316,349

Germany

83,160
6,088

West Indies
Mexico
South America
All other countries

500,000

Total 1882
Total 1881
Total 1880.;

130,000

$279,025
55,000

Germany

310,000

$9,200
214,887

2,100,241

878,508

$6,143,481

Total 1882
Total 3 881
Total 1880

$26,279
1,027

...

128,004
5,355
118,896
1,972

I 755,000

812,021

$1,089,025

$7,785,252

186,000

6,651,725
3,159,238

72,400

$

$652,949
28,838,926
2,852,875

781,250
48,500

West Indies

Mexico
South America
All other countries

9,200

1,295,918

$500,000 $33,351,815

Silver.
Great Britain
France

232

207,861
92,659
230,001
16,797

840,984
490,265
79,721
21,067

$126,223

$1,537,367

33,253
7,455

1,787,471
3.201,961

Of the above imports for the week in
1882, $7,500 were
American gold coin and $3,392 American silver coin. Of the
exports during the same time $500,000 were American gold
com and $1,000 American silver coin.

Foreign Trade of New York—Monthly Statement.—In ad¬
dition to the foregoing tables, made up from the weekly returns,

give the following figures for the full months, also issued
New York Custom House. The first statement covers
the total imports of merchandise.
we

by

our

IMPORTS INTO NEW YORK.

Montlis.

Dry
Goods.

1882.

1881.

General
Merchan¬

General

Dry

Tot-al.

Goods.

dise.

January....
February
..

March

April
May
June

July
Total....

$
12,326,440
16,604,077
11,597,678
9,874,527
7,733,005
8,267,202
11,373,049

$
39,761,0S9
40,188,684
44,902,015
32,079,926 41,954,453
36,263,526 43,996,531
29,920,576 38,187,778
32,418,678 43,791,718

77,775,969 215.006,299 292,782,268'

$

10,128,486
13,085,298
10,979,035
7,706,972
5,206,078
6,311,385
8,972,182

January

February
March

April
May
June

July
Total




$
%
21,233,440 31.361,932
20,480,893 33,266,191
30,289,596 41.268,630

37,455,871

28,322,625 33,528,703
29,921,799 36,233,184
26,507,471 35,479,653

Months.
18S1.

$
$
27,848.734 30,264,919
25,735,057 28,136,303
25.588,893 36,290,685
25,793,866 30,363,415
25,338,471 30,556,565
27.413,100 30,357,624
29,912,764 31,720,503
187.680.985 217.720.014

January

1882.

1381.

$

S

February

13,387,516
13,585,053

March

13.999.139

April
May
June

11,906,106
11,981,893
11,428,930

July

13,730,753

10,572,559
11,217,767
13,122,964
11,678,761
11,055,935
10,993.45S
12,079,574

90,019.390

80.721.013

Total

material

on

hand.

The work will be continued under the

charge of Gen. Porfiro Diaz, as Governor of Oaxaca. Delfino
Sanchez, ex-superintendent of the Morelas Railroad, has been
appointed purchasing agent. He will soon start for the United
States and Europe to buy rails and rolling stock.”
Texas Trunk.—This road was sold at sheriff’s sale in Dallas,
Texas, August 1, and bought for $2,500 by D. R. Sortwell of

Boston and associates. In addition to the nominal price
the purchasers assume liens amounting to about $90,000.
road is completed from Dallas to Kaufman, 35 miles.

paid,
The

—The directors of the C. C. & I. C. Railway Company having
failed to call an election to fill the places of the five directors
whose terms expire June 1, 1882, the stockholders are about to
call a meeting for that purpose under the general laws of Ohio.
Stockholders who desire to be represented at the meeting are

See advertise¬

—The dividend notice of the

Chicago & Alton Railroad Com¬
published in the Chronicle, announces four per cent on
the preferred and common stocks of the company, payable on
Sept. 1, 1882, at the office of Messrs. Jesup, Paton & Co., this
city. Transfer books close on the 16th inst.
—The regular monthly dividend of the Deadwood-Terra
Mining Company, amounting to $30,000, has been declared for
July, payable at the office of the transfer agents, Lounsbery &
Haggin, 18 Wall Street, on the 21st inst.
—The attention of investors is called to an extensive list of
bonds offered by Mr. C. T. Wing of this city. Mr. Wing is one
of the best known dealers in choice securities.

At New York.

Months.

Tehuantepec.—The following is a press dispatch from Mexi¬
City: “City of Mexico, August 10.—The Tehuantepec Rail¬
road Company having forfeited its charter,
the Mexican
Government has resolved to complete the road as soon as pos¬
sible. The company will be paid for the work done and the
co

pany,

CUSTOMS RECEIPTS.T

Total Merchandise.

1882.

Total.

62,389,433 186,504.728 248,894,164

EXPORTS FROM NEW YORK.

Railway at Conway, Faulkner County.

requested to transfer their stock without delay.

Merchan¬

29,748,899

St. Louis Iron Mountain & Southern.—The new branch
which this company proposes to construct in Arkansas is to run
from Beebe, White County, in a
generally westerly course to
Fort Smith, on the line of the Indian Territory, and v/ill be 160
miles long. The road will cross the Little Rock & Fort Smith

ment.

dise.

t
27,434,649
23,5«4,607
33,304,337

of construction.

—The eighty-second dividend has been
tario Silver Mining Company, payable at

declared by the On¬
Messrs. Lounsbery «

Auction Sales.—The following were
Messrs. Adrian H. Muller & Son:

sold at auction by

Haggin, 18 Wall Street.

Shares.
30
15
10
750
100
25

Shares.

Home Insurance Co

Lafayette Fire

ins. Co.

150
.

Continental Ins. Co
246
Montana Gold Min’g Co. for $4
N. Y. 8usq. & West., com. 11 *4
Ft. Lee Park & Steanib’t. 35
100 Mutual Union Telegraph 29

2

Co-operative Dress Association, pref
$7 50 per en*
Bonds.

$1,000 State

of

Louisiana

Governors’ Certificate No.
65
for

$3ia

Atocst

fixe Skulkers’
dTvTd

Name

of Company.

Railroads.

Alton com. and pref...
Cleveland & Pitts, guar. (quar.)..

Pennsylvania (quar.)..

Richmond &
New

Danville (quar.)

Insurance*
York Fire
NEW

f

(!5axcttc.

The

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

E N d s :

Per
cent.

Chicago &

North

183

THE CHRONICLE.

13, 1882.)

Books Closed.

When

Payable.

(Days inclusive.)

1 Aug. 17 to Sept. 1
l Aug. 11 to Sept. 1
25
15 Aug. 12 to Aug. 15

4

Sept,

1%
2

Sept,
Aug.
Aug.

5

On dem.

Market and Financial Situation.—A Stock
sold this week for $31,000, the last prior sale
reported having been for $27,000. This is a good thermometer
to show the change in sentiment which has taken place in a
comparatively short time, and the increased confidence which
The Money
Exchange seat

commission business. The
much less favorable
good deal of discussion
prospectsjof the
market. Some com¬
in our last report, in
which the view was taken that the old periods of extreme
tightness in the call loan market would not be as likely to
occur hereafter, since the abolition of the usury restrictions
would throw open the market freely to all lenders. But it
was by no means intended to express the opinion that rates
for money might not be much higher during the fall months
than at present; indeed, it would scarcely be a healthy condi¬

exists in the permanency of a large
last bank statement, issued Aug. 5, was
than had been expected, and caused a
in regard to the
money
ments upon this subject were made

tion of affairs if money was not worth 5(26 per cent, and even
7@8 per cent at times should cause no apprehension.
The question of railroad traffic now engrosses much of the
attention of those who are interested in financial matters, and
the returns from different roads are watched with great
interest from week to week and month to month. So great is
the desire by different parties to have the returns suit their
own interests, that the influence of the reports for a single
week or month is often greatly exaggerated, and the advance
or decline of a stock on such a temporary exhibit sometimes
becomes an absurdity. But in the long run the outside opera¬
tors and investors have learned that nothing else is so sure a
foundation to rely upon with a railroad stock as a good income
account, established on a tolerably certain basis from year to

Aug.
5.

Aug.

Aug.

Aug.

This is the price bid at the morning

Aug.

9

8..

6s, continued at 3^.. J. & J. 'lOl^ *101H
5s, continued at 3is.. Q.-Feb. noi^ lOlie
4^8,1891
reg. Q.-Mar. *113®8 *11358
1891
coup. Q.-Mar. *114®8 ‘lllSg
4s, 1907
reg. Q.-Jan. ♦iso^ *l20i4
Is, 1907
coup. Q.-Jan. *1203e 120ie
*130
Ss.eur’cy, 1895..reg. J. & J. *130
*131
6s, cur’cy, x896..reg. J. & J. *131
*132
6s, cur’oy, 1897.. reg. J. & J. *132
*133
6s, our’ey, 1898..reg. J. & J. *133
*134
6s, cur’cy. 18 99.. reg. J. & J. *134
*

YORK, F]

Interest

Periods.

10.

Aug.
11.

*101i4 *ioiq *10114 ‘lOlH
10110 *10 L

*101

*101

.

*1131-) 113hi 113^ *11314
*11458 *11458 *11458 *11438
120
*119%
*12010 *120
120% *120
11978 119%
*130
*131
*132
*133
*134

*130
*131
*132
*133
*134

*130
*131
*132
*133
*134

*130

*130
*130
*130
*130

board: no sale was made.

State and Railroad Bonds.—The transactions in State
bonds have been mainly in Tennessees, and in these very mod¬
erate.
The new compromise bonds are on the Exchange List,
and quoted to-day 65 bid, but none offered ; about $1,200,000
new bonds have been delivered, and over $6,000,000 of the old
bonds altogether have come in for exchange. The application^
to the Exchange was as follows :
Application is hereby respectfully made to have the ‘compromise
bonds of the State of Tennessee, issued by authority of an act approved
May 20, 1882, placed upon the list.
15.000 bonds of $1,000 each, numbered from 1 to 15,000,
“

inclusive

$15,000,000

;

....

3,500 bonds of $500 each, numbered from 1 to
inclusive

Total issue
“
The amount of bonds to be

3,500,

1,750,000
$16,750,000

issued is put at $16,750,000, to cover all

The total issue, however, may not reach that
Exchange shall be duly notified. Date of
bonds, Jan. 1, 1882; maturity of bonds, Jan. 1, 1912; but maybe
redeemed by the State at any time after Jan. 1, 1887. Coupons payable
January and July in New York or in Nashville, Tenn. Bonds bear
possible contingencies.

amount, in which event the

interest as follows:
Three per cent from Jan. 1, 1882, to Jan. 1,1884.
Four per cent from Jan. 1, 1884, to Jan. 3,1886.
Five per cent from Jan. 1. 1886, to Jan. 1,1888.
Six per cent from Jan. 1, 1888, to Jan. 1,1912.
“
For the prompt payment of the principal and
honor and credit of the State are solemnly pledged.

interest the faith*
These bonds are
now being issued in exchange for certain other bonds of the State now
outstanding, for an amount equal to 60 per cent of the principal and
interest of the bonds

surrendered.

Marshall T. Polk, Treasurer.
“D. A. Nunn, Secretary of State.
“
J. N. Nolan, Comptroller.”
“

Railroad bonds have been less active

this week

as

to the total

sales, but prices have generally been pretty
all the investment issues.
amount of

firm for

This week two reports have particularly invited notice.
annual report of Chicago Sc Northwestern for the
Railroad and Miscellaneous Stocks.—The general stock
year ending May 31, which shows a surplus applicable to divi¬ market has been well sustained, as a rule, while in exceptional
dends sufficient to pay more than twice the percentage de- instances there have been very decided advances in particular
declared, or say 14% per cent on the preferred and 13 per stocks. The railroad earnings, reported at much length on
cent on the common stock, while the balance sheet shows an another page, show quite as well for July as could have been
investment in proprietary roads of $23,883,150 not represented
expected, and in view of the smaller movement in old
by stocks or bonds held outside of the company, and a surplus corn and wheat this year, the earnings are much better
income account of $7,264,581, making $31,147,731 as the actual than they would have been except for the improvement
nominal surplus on the company’s books. The other report in general traffic. The Western an a Southwestern fines have
which excited comment was that of the Chicago Burlington & a
good prospect of a large tonnage on grain, but whether the
Quincy for the month of June, showing gross earnings of building of additional fines will have much effect in neutraliz¬
$1,437,164, against $2,083,802 in June, 1881, a decrease of ing the good effects of this large tonnage time alone can show*
$646,638, and net earnings of $516,123, against $1,121,014, a If there are nearly 20,000 miles of railroad constructed in the
decrease of $604,890. The July earnings are also reported United States in the two years from January 1, 1881, to
from Boston as much behind those of 1881, and in both months
January 1, 1883, it is hardly possible to suppose that neither
the decrease is attributed to the smaller tonnage of corn and the old nor the new fines will experience any lack of business*
hogs. The above decrease in a single month is striking, but but that all will be prosperous from the start. Delaware
the net earnings for the first six months of 1882 are still only Lackawanna & Western has been prominent in advancing 5@
$267,430 behind 1881, and on a road of such well-known pros¬ 6 points this week on large purchases, but although strengthperity caution should be exercised in placing too much import¬ ing the other coal stocks for a time they have not held up*
ance on the returns of one or two isolated months.
at least Reading and Jersey Central have not. Northern Pacifica
The money market has been easy for call loans, and stock and
Oregon Transcontinental, all virtually the same in interest*
borrowers have usually paid 3@4 per cent, while government have been very strong, and there is again talk of the dividend
bond dealers paid 2@2%; a temporary advance to 7 per cent on Northern Pacific preferred. The Northwestern stocks were
to-day hardly merits notice, as it lasted but a few minutes. again strong to-day, and the company’s report has rather
Prime commercial paper sells at 5@6 per cent.
strengthened them. Richmond & Danville has taken a new
The Bank of weekly England statement on Thursday showed
start, and closes at 122%@123. The Wabash stocks and West¬
a decrease in specie for the week of £692,000, and the percentage
ern Union Telegraph close lower than last week,
also Texas
of reserve to liabilities w^as 36 5-16, against 36% last Pacific. St. Paul common and preferred are near the sanm
week ; the discount rate remains at 3 per cent. The Bank of
prices as last Friday, and we observe in the London papers
France gained 1,475,000 francs gold and lost 1,675,000 francs that
$3,000,000 of the company’s 5 per cent bonds were offered
silver.
there at 96 by a leading bond house, and presumably taken*
The New York City Clearing-House banks in their statement
To-day there was a smaller volume of transactions, but prices
of Aug. 5 showed a decrease of $2,696,000 in their surplus re¬
were fairly steady.
serves, the total surplus being $2,684,425, against $5,381,025
Exchange.—Exchange has been firm and the inquiry for
on July 29.
The following table shows the changes from the previous demand bills considerable, bankers’ rates on short sterling hav¬
ing been advanced % point. It does not appear that we are
yet past the point of shipping specie, but the negotiation of
1880.
1881.
1882.
Differ'nces fr'm
loans in London is on the increase, and a few million placed
Auq. 6.
Aug. 7.
previous week.
Aug. 5.
there will help matters. In what they now call arbitrage
Loans and die. $335,324,600 Tnc .$2,714,300 $350,624,800 $304,765,800 transactions—that is, buying securities in one market and sell¬
76.510.900
68,706,600 ing in the other, as the quotations in London or New York
Specie
58,660.500 Dec. 1,950,000
19,430.400
19.360,600
Circulation...
68,200
18,259.900 Inc.
may favor at the moment—the amount brought in will about
Net deposits. 320,083,900 Inc.
4L4.800 347,342,700 297,024,200
To-day, on actual business prime bankers’
17,115,900 equal that sent out.
642,900
16,060,000
I^gal tenders.
21,044,900 Dec.
Legal reserve. $80,020,975 Inc. $103,700 $86,835,675 $74,256,050 sterling sold about 4 85%@4 85% and demand bills about 4 89,
The actual rates for Conti¬
Reserve held.
85,822,500 with cable transfers 4 89%@4 90.
92.570.900
82,705,400 Dec. 2,592,900
nental bills are as follows : Francs, 5 19%@5 18% and 5 15 ;
Surplus
$5,735,225 $11,566,450 Marks, 94% and 95%, and Guilders, 40 1-16 and 40%@40%.
$2,684,425 Dec.$2,696,600
In domestic bills on New York exchange was quoted to-day
United States Bonds.—The week has been a dull one in
as follows at the places named : Savamiah, buying, par, sell¬
fovemment
ave not yet bond transactions, and the Washington
given definite information as to the amount of ing, %@% premium; Charleston, buying par, selling, %@%
3% per cents offered for exchange. Until these government premium; New Orleans commercial, 150 premium; bank*
transactions are over we can hardly expect much activity in 250 premium; St. Louis, par; Chicago, 25(240 discount; Bos- _
the open market.
ton, par@5 premium.
year.

First, the




—0

j

4

—

dispatches

ill

184

THE CHRONICLE.

RANGE IN' PRICES AT THE N. Y. STOCK
DAILY

HIGHEST

I Voh. XXXV.

EXCHANGE FOR THE WEEK, AND SINCE JAN. 1, 1882

AND

LOWEST

PRICES.

Sales of

STOCKS.

Saturday,
Aug. 5.

Mon da

Aug.

Tuesdaj

f:

8

Aug.

Wednesday, Thursday,
Aug. 9.
Aug. 10.

the

Friday,

Aug. 11.

Week,

Shares.

RAILROADS.
Albany <Sr 3 n sou eh anna

Atchison Topeka & Santa Fe..

m

boh tun

s. V.

m

Burlington Cedar Rap. <fe
Canada Southern
Cedar Falls it Minnesota
Central Iowa
Central of New Jersey
Central Pacific
Chesapeake & Ohio

!B

95%

No..

78%
95%

1st pref....
2d pref

do

Do

Chicago & Alton
Chicago Burlington A Quincy.
Chicago Milwaukee & St. Paul
l >u
pref
Chicago it Northwestern
pref..

Do

80
63 78

Chicago Rock Isl. & Pacific—
Chicago St. L. A New Orleans.
Chicago St. Paul Minn. <fc Ora.
Do
pret
Ciucinuiiti Sandusky A Clev...

25
37

81%
63%
80

77%

96%
25 %

94%

38

27%
145%
137% 138%
122% 123%
136% 137
143% 145
160
162%
136% 137%

*25%

144

25
*37

'52%

110% 111%
56 %

79
95 34

25%
39

64

64%

77%
94%
*24
*36
*25

138

122% 124%

139

135 % 136%

136

141

141% 144%
162% 165
136% 137%
*78% 80
50% 52%
110% 110%

80

50%

51%
110% 110%

57

137

56%

56%

Cleveland Col. Cm. it Ind
f 87
87
87
87
87
Cleveland it Pittsburg guar...i
Columbia it Greenville,pref...!'
Columbus Chic. <fc Ind.Central;
12
13
12% 13%
11% 12%
Delaware Lackawanna & West; 138% 139% 138
139% 138
139%
! 62% 63%
Denver it Rio Grande
6L% 62%
61% 63
95
95
95
Dubuque «fe Sioux City
! 95
Exst Tennessee Va. it Ga
'
11%
11%
11% 11%
11% 11%
Do
19%: *19% 20
pref.| 19% 19 %! 19
’

‘

Green Ray Win. & St. Paul...i
Hannibal A St. Joseph
1
Do
pref....}
Houston it Texas Central...
Illinois Central
Indiana Rloom’n & West., new
Keokuk & Des Moines
Do
Lake Erie A Western
Lake Shore

*85

93%

i*4*i" 142% i41*%

46

46%

46%

46

Memphis A Charleston
Metropolitan Elevated
Michigan Central

Milwaukee L. Hli.& West.,

Minneapolis A St. Louis

pref

73%
*53 %
*90
20

Missouri Pacitic
Mobile A Ohio
Morris & Essex
Nashville Chattanooga itSt.L
New York Central A Hudson
New York Chic. A St. Louis...

40% 41
115% 116%
57
57%
74%
54

90%
20

57% 59%
83% 83%
100% 101%
55% 55%
32
32%

pref..

Texas

77%

77%

64%

65%

63%

64%

63%

64

98%
89

141%
47

68

68

40% 41%
105% 106%

21%

22

73 %
70

74%

40
41%
115% 116%

58

58

"52% *52%

54

*89%
20%

90

90%

20%

22

90%
22%

58%
*83%

60%
84%
100%

58
84

60
84

39 %

40%

105

106

21%

21%

99% 101%
54% 55
32% 32%
68

38%
27%

139
74

139

126% 127

126

136% 137%

i’3*6%

65
136% 137%
15% 15%

126

64%

25
39

145

138% 139%

123% 124% 123% 124%
137% 138%

137

144%
164
165
137% 139

143

137%
145%

165

166

143

138% 140%

52%

50% 51%

139

110

110%

*1*3% 14%
142% 144%
61% 63

*85

90

*85”

95%

98

89%

90

95
95 %
95%
*86% 89% *85
88
141%142
140% 141%
46% 47%
46% 47

58

90
23

60

13%

14%
143% 144%

11%

11%

11

62
95%
11%

19%

19%

19

19

96

61%
95%

96

58%

54
90
23

60

*83%

84%
100% 101%
55% 57
32% 33%

127% 127%

15

pref.

Panama, Trust Co. oertitioates
Peoria Decatur & Evausville.

Philadelphia it Reading
Pittsburg Ft. Wayne it Chic..
Rensselaer it Saratoga
Rich.it AUegh.,st’cK trust ctfs.

27%
56 %

56 %

49%

48%

90%

50%
91%

49%
91

17%

18

89%

39

40

16%
37%

17%
39%

90%

91%

37
60

115

Rochester it Pittsburg..
Rome Watertown A Ogdeusb.
St. LouisAltou it Terre Haute
Do
pref.
6t. LouiB it san Francisco...
Do
pref .
Do
1st pref.
8t. Paul A Duluth
Do
pret
St. Paul Minneap. it Manitoba
Texas it Pacitic
Texas it St. Louis
Toledo Deiphos it Burlington .
Union Pacific
“

anas h st. Louis it

Pacitic

Do

...

pref.

94%

18

American District Telegraph
Colorado Coal it Iron
Delaware it Hudson Canal
New York it Texas Land

114% 115%
59

72

54

06

89%
23%

89%
24%

72

55%
*89%
24%

60
83

101%
57%
32% 33%
56%

*67

*66 %
40

68%
41%

18%
94%

9i

37 34

36%

37%

57 34

3534

60

58%

38
60

38

60%

116

117%

1*2*6**

118
120
61 % 62%

37 %

37 34

38

42
61

43

84
43
60 %

*42
60 %

41
86
43
61

99%

98%

118

61%
100

135
53 %

17%
119%

"38** *39%
67%

68%

84
*42
60

99%

134% 135%
51% 52%

85

89
135

98%

89%

51%

136 %
53

40
18%
95 %!

38%
19
93%

38%
37%
C0%- 59
134% 134% *134
59%
23

37%
84%

17%

39%

89%

37%
82%

52%

18%

91%

23

119 %T21
02 % 63%
27% 27 %

86
42%

42 %

61

61%
99

60%
98%

**8*9% *89%

136

52%

136%
53%

87

33

118% 119%
37%
66 %

38%
67%

62*8*4*6
300

68

16,200
732

25,198
4,600
3,500
710

78,545

4,000

2,506

26%
56%

29,330
11,755
7,380

44,7*00
1,050
45

92%

93%

81,520

36%
58%
1*134

37%
59%

28,100

52%

118 % 119 %

37

*

66%

38%
67%

i 18 % ii*9 %

51%

52

94
18
38

95%
18%

4,8*4*5
10

*4*6** *4*6
90
42

61%
98%

”3*2*3
10,140
7,890
53,030

2,45*6
1,203
1,000
4,285
750
600

*

*8*6*i * *9*6
136% 137%
51% 52%

1,320
8,650
75,335

*3*0*6
118

”38% '3*8%

37 %

68%

66%

67 7g

118%i 117
38%
68%

\

_




Feb.

53

Aug.

14% June 26

118

66,037

33,6*2*5

June 10
June 5

28
22
24
25
5
9
9
10
2
3
11
1

*71%
90

69
50
16
31

90

40%
45

82% 112
80% 1027.

20%
32%

33

36?

156

133% 182%
101% 129%
116% 140
117

136

131% 147%
129
148%
40

19
59

Mar. G
Feb. 25

68%

101?
142

95%
327,

131®
113%
88
21
33

146%
57%
30%

10

56

July 26

65%
135%

Mar. 30
June
Mar. 30

63
38

110%
117%
59%

11
28

*59%

30

16

24

15
93
126

18
«

120%

10
35% July 18
72
July 19

647,
30%

70%

26% Mar. 11 42% Aug. 2
86% Apr. 21 108 Aug. 10
12
June 6
35% Jan. 21
119% Mar. 13 127% Aug. 5
52% June 5 87% Jan. 14
123% May 1 138 Aug. 4
10 % May 25
167e July 28
27
May 27 37 Aug. 2
100
May 15 109 % J au.«27
33 % J une 7 43% Jam 14

54

114%

39%
131
102
155

96

130%

Jan. 14

39%
80%

Jau. 11

53

527,
96%
Aug. 8 164% 190
July 28 25% 43%

28% Mar. 9
66% F« b. 23
11% J due 7

52% Aug. 10
95% Aug. 11
25% Jan. 14
27
Feb. 23 42
July 18
90% Mar. 9 112 Aug. 4

70

32%

51

64 %
21
35

88%

J une 9
27%
51 % Mar. 11
6 7 % J am
7 50
June 27 138
May 13 127
131% July 20 140 Jam 17 130
16
40
Jam
5
35
May 25
96
Feb.
7
July 7 250
99%
f47
Feb. 15 122
May 15 263
22% June 8 36 % Mar. 22 22
Jan.
3
20
40
July 25 22
20% Mar. 8 43% Jau. 16 39
55
Jam 16
Apr. 20 92
85
33%June 13 46 7g Jam 25 39
43
Mar. 8
66
J an. 26
55
79% Feb 24 106% Jan. 17 90
26
Feb. 15
39
26
July 18
68
Jan. 19 90
July 19 70
108 % J an. 26 144% July 19 88%
34% Mar. 9 55
July 28 41%

57%
743,

12

60
165
25

377,

60
97% 126
June 3
23%Jan. lo 18
37%
Jan. 30 95% img. 9 64
83
J uly 28 204
200
May 0 190

130

r

17
May 17 31
July
10% Feb. 15 19
July
106% June 10 119% Jam
43
Mai. 22
62 % Mar.
23 % J uue 10
39 7g Aug.

37 7l
67 %

54

54

31

118%

2,320 ! 38
Mar. ]
22,325 102% Mar. ]

53,457

51

109%

••••••

100% Jam
3
77
July 25

67
Mar. 8 85
Feb. 17 181
168
20%June 9 317a
44 % Mar. 8
58%

88

350
121
106

9

July 25
Aug. 5
Jan. 14
July 25
Jan.

tJ

48%

23
127

Jau. 18
Feb.
8

Jan.

Apr. 21 60% Feb.
89% May 25 98% Jam
Mar.
19% Aug. 2 37
8
May 1 15%Jam
4
Apr. 11
9% Jan.
44%June 7 82% Jam
81 % July 6 92
Feb.
77
Apr. 18 101% Aug.
41% Mar. 11 57 % Aug.

37%
6(3 %

47
128

90%

151*'* ioi

i*5*6“ 1*5*6”

*46
129

46% 46%
127% 127%
88% 90%

4634
129

88%

89%
139
95

75
130

14%

14%

14%

152

153

4678

47%
128% 128%

90%

90%

*139% 140%*139% 140%
*94
*74

i)5
75
*129% 130%

94

94%

74%

75

130

130

32

32

18

18

*10
*45

11
49

14%

14%

1*53** 1*5*4%
46% 46 %
127 % 128 '4

89%

90%

140% 140%
*94

75

95
75

1*17%

45%June

37
1.53 %1.53 %
45 % 46

*89% *89%
140

95%

140

95%

130% 131

1,400 128
3,706
37
865

107,078

9

11

14**

14*

117

Jan. ^

26
21

142

146
80
171

174%
50

50%
77%

143*4
55

81%
115%
42%
89%
11334

30

73%
47%

15

38

16 105 % 131%
24

.....

2
71% Jau. 14

33 *4 '60

64 %

96%

60
Feb. 11
53 7g Mar. 30

31

74%

35

67

July 25

Apr. i
June

145

Jam 18 120

Mar. 1
Jam i

76%MarJ

100

28

100

15% Jam 17
l%Juue 8
l%June 6
13
May 2

Jam 11

27% Mar. 28

*'

%June

"

131

Mar. 14

45% July 13
14

5

Jau.

3
5

%Jan. 17

**

13% May 20
1
2

the prices bid and

askSyl—no sale

was

made at the Board.

t Ex-privilege.

10

49

30

190
62%

Aug. 10 134
J uly 11 39

151

94

77

153
149% Jan. 10 120
97 % Feb. 25 62% 98
80% Jan. 26 51% 79

May
Feb.
June
Feb. !

June24
Mar. 2
-

June

367e Jan. 16
19% Feb. 42% Mar. 27
2 % J an. 25

14

Jan. 20

May

142

8 112

30

26
33
Jan. 16 36
Jan. 17 245
240
100
8% June 21 14%
800

Jan.

93% Mar. 28

134
90
70
125

i*,5*3*6

89% 115%

113%
49%
154%
48%

90
62
251
170

200

•

axe

*4

60

1%Fa»«
These

97% Feb. 20

97% July
27
July
40
July
28% July
145% Aug.
141
Aug.
125
Aug.
138 78 Aug.
148
Aug.
167% Aug.
140% Aug.

24

1,950

64

98%

8

July 21
37% Jan. 4

49% Feb. 24

26%

19** *1*9**

00%
98%
33%

30

Feb. 15
16
Mar. 1 110
Mar. 2 111%
Mar. 11
92%
127% Jam 4 143
Mar. 8
36
48 78
12
June 17
19%
Mar. 21
20
49
23% June 12 45
June 6 120%
98

43

63

42
*60

Mar.

2

65 78 July 24

90
76
61

500

19

48
48%
46% 47%
47% 48
48
47
48%
47%
115% 116% 115% 115% 116 116% 116% 117% 116% 118%

*10

Mining

5,81*6
98,580
4,054

23

*86

85 % Feb.

135

*45*

"

Homestake Mining
Little Pittsburg M ining

Mariposa Laud A Mining
Maryland Coal
Ontario Silver Mining
Pennsylvania Coal
Quicksilver Mining
Do
pref

1,080

10,120
4,360

95

1*3*6% 1*3*7*”
51%

11,085

300
600

87
42 %

68

29% Feb. 23

Mar. 21 120

61 June29 104 Feb. 2 82
7,480
6
June 7
21 7g J an.
7
18%
97.375 116% Apr. 24 144% Aug. 10 107
78,445
52% Mar. 14 74% Jan. 20 66
2,000
82
Apr. 15 96% Aug. 3 76%
2,975
8
June 12
16
Jan. 14
13
625
15 % June 7 26% Jan. 18 23

*ii

37%
60%

4

High

3 33%
97 % Feb. 24 111 % A u g. 3 91
700
44
Mar. 9 59
July 15 41%
1.300
65%June 7 92\ July 24 81
133
Jan.
7 140
July 27 127%
'Too

16,062

1,300

38

Jan.

Apr. 10
125% Apr. 18

57
90

21% 24%'
24% 24%
*121
121% 123
122%
65
65%
61% 65%
27
28% 29
28%

86
42%

80,650

28,422
2,950
123,175
109,962
7,038
3,300

52%
94%
18%
39%

27% Apr. 18

72

127%

**4L% 43” *41*%* *4*2 %
98%

16.375

*

140
95
*74
128

COAL. AM) MINING.
Consolidation Coal

\r

39%

27%

133

51%

93%

Feb. 23
19% Mar. 9

25,730 124
7,010 136

22%

56

64% June 5

L(>w.

95% July 17
79% June 28

July 19

21 • Mar. 9
2,385 127% Mar. 11
36,594 tl27 July 5
67,815 104% Jan. 4
10,315 118% Apr. 14

33,200
2.050

26%

6 135

86

61
57

40%
106% 107 %

40%
106% 108
23% 23%
127

59

59% 59%
*83% 84%
99% 100%
56% 56%
32% 32%

*2*6*% *2*7**’

17

26%

89%

Wells, Fargo A Co

or'iiH

50%
91%

27

128

Adame
American
United States

Robinson Mining

48%
89%
16%
38%

25%

46%

EXPRESS.

Silver Clitl Miumg

56

89%

i'oi** 151*

Co
Pacific Mail
Pullman Palace Car
Went, I nion Tel., ex-certitic’s

Central Arizona Mining
Dead wood Mining
Excelsior Mining
New Central Coal

27%

56

300

100

*7*3*% *74*7,

72

.

Oregon Railway it Nav.

Standard Consol.
Cameron Coal

26%

1,935

*4*6” *4*1*

40% 41%
115% 116%
58% 58%

60
83
100

18

18 i"

26%

*99

MISCELLANEOUS.

\V 'i

i si

26%

Virginia Midland
W

180
25% 27
56% 56%

28

is” 18"

Oregon A Trans-Continental..

Richmond it Danville...
Richmond it West Point

15%
34%

180

New York Ontario & Western.
Norfolk it Western pref
Northern Pacitic
Do
pref..
Ohio Central
Ohio it Mississippi
Do
pref
Ohio Southern

\u

15%
34%

72,040
30,724

Jan.

Jan.
6
June 10
Feb. 23
Feb. 18

8

137% 138
136% 137% 136% 136%
15 % 16
15% 15%
15% 15%
33%
33% 34%
34
34% 35
34
34
34%
New York Elevated
r107
*107% 110
110
*107
110
*107%
110
*107% 110
*107% 110
New York Lake Erie A West.
40
40% 40%
40%
40% 40%
40
40%
41
40% 40%
40%
Do
pref.
80% 80%
80% 81%
80% 80%
New York New Haven* Hart
.

Do

44

*85*“ **9*6

90

18

**4*i% "42%

9,758

Highest.

84% June 10

15
27

139

13% 14
139% 143 %
62% 63%
96
96%
11% 11%
*19% 20

116% 116%

60
67

15

51%

74

141%141%
47% 47%

800
700
143

800

27%
144% 144%
137% 138%

110% 111% 110% 111
56% 56%
55% 55%
87% 87%
87% 87%

08% 68 %
68%
39% 41% "41% 41%
105% 106% 106% 107%
23
21% 23
23%

127
127%
63 % 64

137%
15%
34%

25

*53%

54

67

26

39%
27%

*74% *75% *74“ * 7*5

53%

66%

27
145

79
80%
93% 94%

81%

95%

75%

70

*3*2** *32**

26
38
28
145

79%
94%
*24%
38%

73%

53%

99

81%
95%

139% 141
124% 125
137
137%
143% 144%
165% 165 %
137% 138%

18

40%
116
56%

Louisville New Albany & Chic
Manhattan
Dc
1st pref
Manhattan Beach Co..
Marietta A Cincinnati,1st pref.
2d pref
Da •

[•4.

*96'*

*85

93%

140%

Louisiana & Missouri River
Louisville A Nashville

Do
Missouri Kansas A

*85

pref.

Long Island

if

’

92%

77%

38
*25
144

122% 123

136% 137%

77

38

13734 139%

161

77

79%
95%
*24%

27%
144% 144%

143%
162

77

79%
95%
25 %

144'* i44*‘

80

51 %

81%
63%

Lowest.

130

95%

Air-Line, pref.

Range Since Jan. 1, 1882. For Pal
Year 1881

9

43
29%

1%

%
17%
32%

8%
9

35

38%
254

Jan. 16 240
Jan. 14 12

62%
19%
37%
1 <%
6%
2 7g

Jam 19
Apr. 5

53

21%
75%

17%

27

25
1
4

45%

20
4

July 13
J an. 4
Feb. 8
Apr. 4
Jan.
9
Jan. 28

2% Jan.

5

1 '0 ITAb.

6

X Lowest price is ex-dividend.

%

7
14
7

2%

7

18
2

1%

35%
137»
4

August

quotations of state
*

Alabama—
Class A, 3 to 5,190£J...
Class A, 3 to 5, small..
Class B, os, 1906
Class C, 4s, 1906

6s, due
6s, due
6s, due
6s, due
6s, due
Asyl’m

30
28
28

15

New

ConnecticuL-6s, 1883-4..

6s,
6s,
6s,
6s,
6s,
6s,

Georgia-Gs, 1886

7s, new, 1886
7s, endorsed, 1886
7s, gold,
Louisiana—

112*2

1890
7a, consol., 1914

off, J.&J.
off, A.&O.
Funding act, 1866-1900

68

coup,
coup,

1868-1898

Do
New

Do
Do
Consol. 4s,

York—

class 2
class 3

C’mp’mise,3-4-5-6s,1912j

8
8
8
80

7*2

1910

District of Columbia—
'

Small bonds.

3-65s, 1924

!
!

Registered

r

,

Funding 5s, 1899
Do
Do

7s, small

7s... | 112*2
107*2 1
1st,cons.,guar. 7s, 1906 j 125
!

Alb. & Susq.—1st,
2d, 7s, 1885

{Stock Exchange

Prices.)

j 101

C.Rap.Ia.F.&N.—1st,6s

5th, 7s, 1888

Ches.& Ohio—Pur. m’v fd. '<106*2
6s, gold, series A, 1908.
8i78 85*4
6s, gold, series B, 1908.
54
6 8, currency, 1918
100*2
Chicago &

6 s, 1911

Alton—1st, 7s
1883

Income 7s,

1st cons.,

Butf.N.Y & E.—1st,1916! A 130

i2i

122

I

102
114

i 15

!

Sinking fund, 6s. 1903. 116
La. & Mo. Kiv.—1st, 7s
2d, 7s, 1900
117 *
St. L. Jack. & Chic.—1st{
1st, guar. (564),7s, ’941 i'll hi
2d

128-V

112

1

*

i

1 18
1898..) 125
125
1893....! 121-V
121
122

..•1

j|
^

1

’

ij

8534

Coupon, Gs, 1909

Kent’ky Ceil.—M. 6s, 1911

10

7^4

108*2!

New bonds, 7s, 1886 .
Cleve. P. & Ash.—7s
Buff. & Erie—New bds.
Kal. & W. Pigeon—1st.

93 *2

106**!
86

94

92*2

Det.M.&T.—lst,7s,1906
Lake Shore—Div. bouds
Consol., coup., 1st, 7s
Cousol., reg., 1st, 7s
Consol., coup., 2d, 7s.

i03*2
132>\
107*2

i 24**2' 126

Consol., reg., 2d, 7s...

127

114

C.St.P.&M.-lst,6s,191S
No. Wis.-lst, 6s, 1930.

iii*

St.P.&S.C.-lst,6s,1919

Chic.&E.lll.—lst,s.f.,cur.

99
89

......

Col.& Green.—1st,6s,1916
2d, 6s, 1926
Del.L.& W.—7s,conv. ’92
Mortgage 7s, 1907

I

{

88*2’

130
126

Syr.Bing.&N.Y.—1st,7 s

i39*4

Morris & Essex—1st, 7s 137
2d, 7s, 1891
Bonds, 7s, 1900
7s of 1871,1901
|
1st, consol., guar., 7s. i24
DeL & H.-lst, 7s, 1884..' 106
7b, 1891...
I 115
1st,ext, ,7s, 1891
o

.

«

115

124

■

Sandusky Div., 6s, 1919

Laf.Bl.& M.—1st, 6s, 1919

j

i‘2*8

125

126 *2

118
97 3g 98
117*2 119
101
101 7s
108
|
92*2
*9*9 102
95 78
95
95

57**

*53

120

i*18

Coupon, 5s, 1931
Registered, 5s, 1931
Jack.Lan.& Sag.—6s,’91
Mil.& No.-lst, 4-5-68,1910

130*2 Mil.L.S.&W.—lst,6s,1921

•

.

.

.

.

_

ioi*

ib‘i**
101*2

are

State
Land
West. Pac,—Courts, 6s
So. Pac. of Cal.—1st, 6s
Union Pacific—1st, 6s..
Land grants, 7s, ’87-9

103

*93**
101

latest quotations made this week.

Tol.& W.—1st,

92*2!

90
101

Kans. Pac.—1st,

102*2

i

117

120*2!
96
94

|

!

Han. & Naples—1st, 7s
St, L. K.C.&N.—R.e.7s
Om. Div.—1st, 7s.
Clar’da Br.—6s, 1919
St. Chas.Br.—1st, 6s
No. Missouri—1st, 7s
..U05*4
..102 ; West. Un. Tel.—1900, cp.

‘84**i

1900, reg

116*4

Telegraph—7s, 190 4
112
Spring Val. W.W.—1st,6s
106*2 Oregon RR. & N.—1st, 6s

116
111

N.W.

106
109
106

jib’d
i4!
117

Ch.—1st

Clev.&Pitts.—Cons. s.f.
4tli, sink, fd., 6s, 1892

2d, Tr’st

1st,

Co.ctfs.,ass’d

Tr’tOo.ctfs,suppl.

St.L.V.&T. H.-lst,g.,7s

2d, 7s, 1898

2d, guar., 7s, 1898—
Pitts.B.& B.—1st,6s,1911
Rome W.& Og.—Con., 1st
R'ocli.& Pitt,-1st,6s, 1921
Rich. & Al.—1st, 7s, 1920
Ricli.& Danv.—Cons.g.,6s
Debenture

6s, 1927

88
89

bi"
103*2

100
106

104

*48

55

101

......

105
103

ioi
105

108*2

io'9**

ill

111*4

95**

i is
116
116

118
......

110
107

107*2

INCOME BONDS.

(Interest payable if earned.)

—

Ala. Cent.—Inc, 6s, 1918.
Alleg’y Cent,—Iuc,, 1912.
109
1111*2 Atl. & Pac.—Inc., 1910
104*4 104*2 Central of N. J.—1908
Col. C. & I. C.—Inc. 7s. •:!;)
min' 93** Cent. Ia.—Coup. deb. ct Is.
..

CI1.SC.P.& M.—L.g.inc. 6s
Chic. & E. 111.—Inc., 1907

El. C.& No.—2d iuc., 1970
(4. BayW.& St.P.—2d, iuc.
I ml.B1.&West.-Inc.,1919

•

•

•

•

Consol. Inc., 6s, 1921...

Spr’d-2d iuc.
Trust Co. certificates
Iut. & Gt. North.—2d iuc.
2d assented, 6s, 1909...1
Leh. & Wilkesb. Coal—’88
Lake E. & W.—Inc. 7s, ’99
Saml’ky Div.—1 nc.,1920
Laf.Bl.&Muu.—Inc.7s,’99

<50

*6*9*

73

4*5**
47*ta
*26

! 31

*60
60

..

•

68
86

Mil. L. S. & W.—Incomes
Mob.& O.—1st prf. deben.
2d pref. debentures

96*
1

31*2
91*2
54 *2
65

I nil’s Dec,&

.....

92
67 34
85 7b

28
88

DesM.&Ft.D.—lst,inc.,6s
Det. Mack. & Marq.—Inc.
i E.T. V.&Ga— I nc.,Os,1931

105

ioi”

Pennsylvania RR.—
Pa.Co’sguar.4*2S, 1st c. *96*2
Registered, 1921
Pitt.C.& St.L.—1st c.,7s
7s, 1900

92

114*2!

Equipment, 7s, 1895.

2d, 7s, 1913
Pitts. Ft. W. &
2d, 7s, 1912
3d, 7s, 1912

8534

106*4

'

Mo.—1st..
Tex.&Pac.—1st,6s, 1905
Cousol., 6s, 1905
Income & I’d gr., reg.
1 st, RioG. Di v., 6s, 1930

83*4

105

Den.Div.,6s,as’rt, ’99
1st consol., 6s. 1919
C.Br.U.P.—F.c.,7s, ’95
At,C.& P.—1st,6s, 1905
! 92
At, J. Co.&W.—1st, 6s
Ore.'.Short L.—1st, 6s 101 1103
Ut. So.—Gem, 7s,19091*104 *2'105
105
Exten., 1st, 7s, 1909j
102
Mo. Pac,—1st cons., Os. 101
114
111
3iV, 7s, 1906
107
Pacific of Mo.—1st, 6s 106
113
2d, 7s, 1891
97 *2 *98*
St.L.& S.F.—2d,6s, Cl. A
90
90*2
3-6s, class C, 1906
90
90*2
3-6s, class B, 1906 —
1st, 6s, PeirceC. & O.
So. Pac. of

74

ext., 7s r105

1st, St, L. Div., 7s, ’89
2d, ext., 7s, 1893
Equip, o’nrts, 7s, 1883
Consol., conv., 7s,1907
Gt, West,—1st, 7s, ’88
2d, 7s, 1893
Q. & T.—1st, 7S, 1890.

|108
6s...i
6s,’95j*HO lid

Collateral trust,

lst.Ti ’st Co.ctf8.,ass’d

ibi*4

Wabash—M. 7s, 1909...

1034'

Sinking funds, 8s, ’93 122 j
Registered 8s, 1893 ..!" ......'123

C0I.C.& I.C.—1st,consol
2d cousol., 7s, 1909

io*4*2

1

Friday—these

Oregon—1st, 6s i
Aid bds, 7s, ’84
grant bonds, 6s.

1st reg.,

98
99*4
Metrop’lit’n El.—1st,1908
93
2d, 6s, 1899
Mich.Cent —Con.,7s,1902 123*4 124*2!
1
1st, 8s, 1882, siuk’g fd.
Equipm’t bds., 8s, 1883

6s. 1909

130

123
123

Louisv.N.Alb.&C.—1st,6s 103
Manliat.B’ch Co.—7s,1909
N. Y.&M.B’h—lst,78,’97
Marietta & Cin.—1st, 7s.
1st, sterling

107

118*2

a..

*

!

Lebau’n-Knox—6s 1931

Louisv.C.& L.—6s, 1931
L. Erie & W.—1st,6s,1919

Joaquin Branch.

1st, 6s, 1896

***"(

101

..

“*****

j

10734^

...

*89

C.St.P.M.&0.—Consol.,6s i‘05** ib5V




9o78
103 *2'
i

Gt.No.—1st,6s,gold

.

—

9534
.....

.

pnee

1

7634'j

76*2

Indiauap.D.&Spr.—1st,7 s

Long Isi. R.—1st, 7s,1898
1st consol. 5s, 1931
Sinking fund, 6s, 1929
Louis v. & N.,—Cons.7s,’98
Sinking fund, reg
ibo*^ ioi*2 2d, 7s, gold, 1883
Sinking fund, 5s, 1929
Ceciliau Br’ch—7s, 1907
Sinking fund, reg
029*"
i*3 i”
N.O.&Mob.—lst,6sl930
Iowa Midland—1st, 8s.
120
E.II. & N.—1-t, 6s, 1919
Peninsular-1 st, con v. 7 s
120*2
General, Gs, 1930
Chicago & Mil.—1st, 7 s
Pensac’la Div.—6s, 1920
Winona & St. Pet’r—1st 106
126
St.L. Div.—1st, 6s, 1921
2d, 7s, 1907
2d, 3s, 1980
Mil.&Mad.—lst,6s,1905 113*4 11334
Nashv. & Deo.—1st, 7s.
C.C.C.& Iud’s—1st, 7s ,s.f.
123*2
S.&N. Ala.—S.f.,6s,1910
Consol., 7s, 1914

ao

89

1st, .4-5-Hs. 1909
2d, 4-5-6s, 1909
East’n Div.—6s, 1921...

1 Lake Shore & Midi. So.—
93:,4
Micli.S.& N.I.—S.fd.,7s *107*2
108*4 !06^!
107
117*2 118 1
Cleve. & Tol.—Sink. fd. 105

Reg., gold, 7s, 1902

Coup., 7s, 1894
lBt.Pa. Div.,cp.,17s, 1917

j

7sj
prf.,7s iio**

2d, 5s, 1911

San

Detroit Div.—6s, 1921..
Cairo Div.—5s, 1931

93**4.
i03^.

Cal &

Ceil. F. & Minn.—1st,
Ind. HI. & «V.—1st

1

104*2

Dub. & Sioux City, 1st.
Dub. & S J., 2d Div.,7s,

j Int.&

j

120

104

gold, 5s

91*2 j

134

j

Dec.& Ev.—1st, 6s
Evans. Div., 1st,6s,1920
Pac. Railroads.—
Cent. Pac.—G., Gs

93
109

ijsj

Ind’polis Div.—6s. 1921

93

1 Peoria

108

C.St.L.&N.O.-Ten. l.,7s *112*2
*112*2

!,

56*2

1st, Springlield Div., 7sj 118
| Ohio Central—1st,6s, 1920
130*2'
1st, Ter’l Tr., 6s. 1920..I
1st Miu’l Div 6s. 1921.
100
1 Ohio So.—1st, 6s, 1921
!
1 Oreg’n& Cal.—1st, 6s, 1921 j
.•
Panama—S.f. sub.6s, 1910

ibs

I”"::

......

,

106

122
122
123 >o

!

1

----

Cousolidated 7s. 1898..
2d consolidated 7s, 1911! 122

:!

:

Hous.E.& W. .ex.—lst,7sl1 102
Ill. Cent —Sp Div.—Cp.6s
!
Middle L)iv.--Reg. os.. s

.....

..

106 *2

consol., main line, 8s:j
2d, Waco & f., 8s, 1915 x
General, 6s..L921

106 *2

......

122
107

IO834

105

107*4 108

11

1

Leh.&W B.—Con.g’d.as*
Am.D’kti Lm.—5s, 1921 J130
C.M.& St. A—1 st, 8s. P. L).!

...

197*4
107*2

Norf. & W.—G’l., 6s, 1931..
Ohio & Miss.—Cousol. s.f.

,

2d

i‘28**;

111)
1st consol., assented,’99
110
Conv., t ssented, 1902..!
<107

BayW.&S.P.—lst.fisj

Consol. 6s, It

J

C. R. I. & P.—6s, cp., 19171
6s, reg., 1917
Keo. & Des M.—Is, g.,5s!
1 lb
Central of X. J.—1st, ’90.

2d, 7 3-11), P. D.,
1st, 7s, $ g.. R. D., 19021
1st, Lac. Div.,
1st, I. & M., 1897
;
1st, I. & I)., 1899
1
1st, C. & M., 1903
’!
Consol. 7s, 1905
!
2d, 7s, 1 >84
;
1st, 7s, 1 & D. Ext., 1908
S.W. Dir., 1st. 6s, 1909
1st,5s, La. & Dav., 1919
lstS.Miau.Div.,0s,1910
1st, H. <?: D., 7s, 1910
Cli.&Pac.Div,,6s,l9l0
IstChic. & P. W.,5s,1921
Miil’l P5. Div., 5s, 1910
C.&L.S jp.Div.,os, 1921
C. &N’west.-S. fd. 7 s, ’85
Interest bonds, 7s, 1883
Consol, bonds, 7s, 1915_.
Exteus’n bonds, 7s, ’85
1st, 7s, 1885
Coupon, gold, 7s, 1902..

r

•8*5

83 *2

...

1st, Dayt. Div., Gs, 1910, *7*0**
1st, Ter’l trust, Os, 1910!
72
Va.Mirt.—M. iuc., Os, 1927 j
Wab. St.L.& P.—Geu'l, 6d
Chic. Div.—5s, 1910
! 85
Hav. Div.—6s, 1910
j <110
T0I.P.& W.—1st,7 s, 1917
92
Iowa Div.—6s, 1921

Eug.—1st, 7s

Registered 6s, 1921 —
N.O. Pac.—Ist.6s,g.l920..

1
Hous.&T.C.—'.'st, l.gr.,7s. 112*2
*10634
1st, West. D:iv., 7s
1st, Waco & X.,7s
j 112

!

88

87

1903...]

N.Y.& New

Gulf.Col.& S. Fe—7s,1909|

*2'

102

84^4

Adjustment, 7s,

Gr’n

1

i()5**

4s, 1922
4s, 1921...

N.Y.C.&N.—Gen.,6s,1910

6
2d, consol., fd. cp., 5s...
Buf.& S.W.-M. 6s,1908
Ev.& T.H.—1st. cons.,6s.
2d, 7s, 1905

127

1919

99

1st, 6s, 1905
118*2;
*9*6** '*9*6*34' X.Y.C.&St. L.-lst,6s,1921
115*2 Nevada Cent.—1st, 6s
ii*8** Fl’t&P.Marq.—M.6s,1920
N.Pae.—G.l.gr.,lst,cp., 6s
Gal.IIar. & S.Aiit.—1st,6s

2d, guar. (188), 7s, ’98
Miss.R.Br’ge—1st,s.f.6s ioi *2

S. F. 4s,

N. Y.Pa.&O.—Pr.l’n,6s.’95

.

Tol. Del.& Bur.—Main,

{116

115

132

N. Y.L.E.&W.-New2d

(360), 7s, 1898

C.B.& Q.—8 p. c., 1st, ’83.
Consol. 7s, 1903
5s, sinking fund, 1901..
Ia. Div.—S. F., os, 1919.

iio** i’20”

...109
1 12*2
-i 108*2

19! 0
!St.P.& Dill.—1st, 5s, 1931; 101
So. Car. Rv.—1st, Gs,1920i
39
2d, 6s, 1931
1
Tex.Cen.—1st, s.f. ,7s, 1909! 107
Dakota Ext.—6s,

93*2

939b
Cau’daSo.—1st,iut.guar
Harlem—1st, 7s. coup.. 131 i
*130*2
1st, 7s, reg., 1900.....

128 34 129*2:

gold, 7s. 1920

fd. coup., 7s
Reorg., 1st lieu, 6s,1908
Long Dock b’ds, 7s, ’93.
1st cons.,

'

2d. 6s. 1909

i

i*a|

Central Iowa—1st, 7s, ’99
Char. Col. & Aug.—1st, 7s ioo*‘

...

...

iSt.P.Miun.&Man.—1st,7s1

_

Minn.&St.L.—lst,7s,gu
Iowa C. & West.— 1st, 7s

| 108*2

j

"

Guaranteed
Bui*. C.Rap.& No.—1st, 5s

93

7s! 114 ;110
*'*105
j*10S 1....

Cairo Ark. & T.—1st
j 1064 108
i Gen. r’v& 1. srr., os, 1931
82 j 83
ISt. L. Alton & T. II.—lst.!*lH
ill2
10 5
:iio
j 2d, pref., 7s. 1894
i) '»
99 78
!
| 2d, income, 7s, 1894
121
1
Belleville & S. 111.—1st!

'

i*ob*2j

Cairo & Fulton—1st

|

7s'

i

..

Atclf. I’.&S. Fe—4*2,1920
AtL & Pac.—1st, 6s, 1910
Balt.& 0.—1st,6s, Prk.Br.
Bost.Hartf. & E.—1st, 7s

Mortgage

| Arkansas Br.—1st.

]

Ala.Central—1st, 6s, 1918
Alleg’v Cen.—1st, 6s,1922

small

’.Scioto Val.—1st, cons.,
S’thw.Ext.—l3t.7s,1910;*110*2 HI
jSt.
L. & Iron Mt,—1st,
'
2d. 7s, 1897
Pac. Ext.—1st, 6s, 1921! 101 *4,'101'*4

......

108:q

...'

registered —'

Riehm. & Danv.—Cont.— (
Atl.& Oil.—1st, p ,7s,’97:

|116
j....
!

Reus. & Siii'.—1st, coup
Missouri Kan. & Tex.—
11
1st, reg., 1921
ii5 *2
Gen. con., 6s
115
I
86*4 S6 *-2
Deuv.&Rio Gr.—1st,1900;
1
1106 *2
101*8
Cons., 7s, 1901-5-6
;
1st consol., 7s, 1910 —
71
2d, income, 1911
Den v. So. P.&Pac.—1st,7s
H. & Cent. Mo.—1st, ’90 106 *4
Det. Mac.& Marq.—1st,6s !
1109
Land grant 3*23, S. A...
iio**
Collat. Trust, 6s, 1892..
99*4 E.T. Va.&G.—1st, 7s.l900; ii*3**
75
78
*
Morgan’s La.& T.—1st, 6s
110*2
1st cons., os, 1930.
91
Nash.Chat.&St.L.—lst,7s| 112
Divisional 5s, 1930
55*4 55*2!
101
|
96
2d, 6s, 1901
Eliz.C.& N.—S.f.,dob.c.6s i*
100
N. Y. Central—6s, 1883.. 102*4!
ioi" i*03**
1st, 6s, 1920
108*4
98
97
6s, 1887.....
*120
Eliz. Lex. & Big S.—6s..
133
1 Erie—1st, extended,
6s, real estate, 1883 — *102*4
7s.. *
111
6s, subscription, 1883.. *102*4
i‘03*
2d, extended 5s, 1919 .
ib*4*^ 1047e N.Y.C. & H.—1st, coup. *132 133
*11
111
3d, 7s, 1883
132
(100 *2
1st, reg., 1903
4th, extended, 5s, 1920.
Hurts.R.—7s,2d, s.f.,’85 107
*109*4 112*2

Railroad Bonds.

13 L

BONDS.

Minn.&St.L.—lst,7s, 19271
Iowa Ext.—1st,7s, 1909; 110
2d, 7s, 1891
1

t

56*2
56 *a
56*2

;

!

j

68, coupon, 1893-99 —.;

RAILROAD

56
56
56
65
33

Virginia—6s, old
,... j
6s, new, I860...,
t
6s, new, 1867
;
6s, consol, bonds..
<
6s, ex-matured coupon.
6s, consol., 2d series....! .--i
6s, deferred
\ 12

Small
Ohio63, 1886
Rhode Island-

1883
1891
1892
1893

6

non-fundable, 1888. )
1893
Tennessee—6s, old, 1892-8
6s, new. 1892-8-1900 ...
6s. new series, 1914

7
7

Special tax,class 1, ’98-9

1869 \

6s, Act Mar. 23,

Brown consol’n 6s,

12*2
12*2
4*2

bonds, J.&J., ’92-8

Do
A.&O
Chatham RR

gold, reg., 1887 ...
gold, coup., 1887..
loan,
loan,
loan,
loan,

A.&O

Do
Do
Do

.

1886
1887
1888
1889 or 1890....!
or Univ., due ’92
!
Funding, 1894-’95
Hannibal & St. Jo., ’86 107
do
’87, 107
Do

36
30.

1899-1900 ..
S. Iss.
L.Rock RE
R.P.B.&N.O. KR
R. RR.
RR.

1882 or 1883

j Ask.

South Carolina—

20
20
125
125
100
100
10
10

old, J.&J
,6s, old, A.&O
No. Carolina RR., J.&J.

N. Carolina—6s,

Bid.

SECURITIES.

Ask

Bid.

SECURITIES.

Ask.

Bid.

Missouri—

82V 85

6s, 10-203,1900
Arkansas68, funded,
78, L. Rock & Ft.
7s, Memp.&
7s, L.
78, Miss. O. & R.
7s, Arkansas Cent.

,

STATE

Michigan—
6s, 1883
7s, 1890

80^

miscellaneous securities.

and railroad bonds
and
BONDS.

SECURITIES.

Bid. I Ask

securities.

185

CHRONICLE.

THE

12, 1882. J

1

pref. debentures
4th pref. debentures—
N.Y.Lake E.&W.—Inc.Gs

82
57
49

85
58

79 *2
77 *2

80 *2
79

6*0**
47*2
41

3d

*65

N.Y.P.&O.—lstiue.ac.5-7
Ohio Cent,—Income, 1920
Min’l Div.—Inc.7s,1921
Ohio So —2d inc., 6s, 1921

Ogdens.& L.C.—Iuc., 1920
Peoria D.&Ev.—Inc.,1920
Evansv. Div.—Inc.,1920
Roch.& Pitts.—Inc., 1921
Rome W. & Og.—Inc., 7s.
So. Car. Ry.— Inc.,6s,1931
St. Louis T. Mt, & So.—
1st, 7s, pref., int. accum.
2d, 6s, int. aec’mulative

43

32*
80
43*2
57*2
90
80

3t’gI.&Ry.-Ser.B.,inc.’94

Plain incomes 6s, 1896.
Sterling Mt.Ry.—lne.,’95
St. L. A.& T. H.—Div. bds

Tol.Del.&B—I nc.,6s,1910

Dayton Div.—6s, 1910..
Tex.&St.L.»L.g.,inc.l920

30
49
40
64

99

UT
56
*24

60
29
24

186

THE

CHRONICLE.

Railroad Earnings.—The latest railroad earnings and the
January 1 to latest date are given below. The
statement includes the gross earnings of all railroads from

totals from

which returns

be obtained.

can

Latest

Hoads;
Week

or Mo

Bost.&N.Y.A.-L. June

•Chesap. & Ohio. July
Chicago & Alton 4th wk J’ly
June

4th wk J’ly
Wk. Aug. 5
1st wk Aug
4th wk J’ly
Ch.St.P.Min.&O. 1st wk Aug
Chic. & W.Micli. June

Oin.Ind.St.L.&C. July
Cincinnati South 3 wks July
4th wk

J’ly
IstwkAug
IstwkAug
3d wk July
4th wk J’ly
4th wk J’ly
June

JE.Tenn.Va.&Ga. July
Europ.&No.Am. March
-Evansv. & T. H. July
Elint & P. Marq. 4th wk J’ly

•GaLHar.&San A 4th wk J’e
Grand Trunk.... Wk.July29
Great Western.. Wk. Aug. 4
Gr.BayW.&St.r. 4th wk J’ly
Hannibal«fe St. Jo 4th wk J’ly
Hous.E.&W.Tex July...

IllinoisCen.(Ill.) July...
Do
(Iowa) July...

Ind.Blooin.& W. 4th wk J’ly
Int. & Gt. North. 4th wk J’ly
Iowa Central... July...
KC.Ft. S. & Gulf
K. C. Law. & So.
L. Erie & West’n
L.R. (feFt.Smith

3d wk

July

3d wk May
4tli wk J’ly

July...
Long Island.... IstwkAug
Louisa. & Mo. R. May

Louisv.&Nashv. 4th wk J’ly
Maine Central. May...
Mar.Hough.& O. 3d wk July

Mil.L.Sli.&West
Minn.&St. Louie
Mo. Kan. & Tex.
Missouri Pacific.
Mobile & Ohio..
Nashv.Ch.&St.L

IstwkAug
May
..

4th wk J’ly
4th wk J’ly

July...
June

..

N.Y.&N.Engl’d 4th wk J’ly

c

N. Y. Pa. & Ohio
Norfolk & West.
Northern Cent..
Northern Pacific
Ohio Central....
Ohio Southern..

June

..

July...
June
1 st wk

..

Aug
4tliwkJ’ly
IthwkJ’ly

Oregon Inip.Co. May
OregonR.&N.Co July...
Oregon tfc Cal... .Tune

$

77.889

1,278,980

3L619
351,945

174,059

167.926

6,294,650
698,790

785,907

46,160
15,100
104,307

611.456
506,638
549,938

159,017

3,129,661

269,605
136,398
119,074
86.587
460,438
179,183
482,762
179,847
26,917

2,779/799

3,949,587
1,024,125
8S6.745
1,848,569
2,640,197
1,204,141

3.601,731

373.584

315,1100

1,253,447
1,079,224
1,487,813
2,729,988
1.168,504
2,661,867
1,790,514
330,017

3,444,928
541,558
197,485
1,227.213

417,415

72,400

..

2,665,800

2,183,703

*1,692*487

)

..

..

?
)

77,805

*

*1,165,922
*319,381
2,430,039 2.060,509
526,897
360,503
15,400,000 1.3,490,000
774,541
218,392
653,578
595,442
9,148,127 7,681,497
320,322
284,853
1,007,364
739,692

Included in Central Pacific earnings above,
t Northern Division.
* Freight earnings

U. S.

Sub-Treasury.—The following table shows the receipts

and payments at the
Sub-Treasury in this
balances in the same, for each day of the

city, as well
past week:

as

the

Balances.

Receipts.

Payments.

$

Aug.
“

"

«
“
“

$

5. *117227,598 17 *17,871,705 89
7.
1,530,275 43
1,819,550 40
8.
1,518.226 00
1.834,154 80
9.
1.271,489 52
1,168,051 50
10.
1,403.350 13
1,110,829 11
11
1.153,499 23
1,034,749 43
.

Coin.

$
79,950,892
79,648,968
79,343,708
79,576,193
79,841,015
80,023,546

Total....

Currency.
$
99
56
55
40
75
64

6,466,527 13
6,479,176 59
6,468,483 15
6,339,436 62
6,367,135 27
6,303,354 18

24,104,438 48 24,839,041 13
$15,000,000 in both receipts and payments constitute
rom

*•••

*

1

one account on

the books to another,

fc t Includes $1,000,000




new

notes received from

New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix

City
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l

Butchers’&Drov.
Mechanics’ <fc Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch
Commerce...
.

Broadway

Mercantile
Pacific

Republic
Chatham
North America..
Hanover

Irving
Metropolitan....
Citizens’
Nassau
Market
St. Nicholas
Shoe <fc Leather..
Corn Exchange..
Continental
Oriental
Marine

Importers’ A Tr..
Park
Wall St. Natlon’I
North River.
Bast River....
Fourth National.
Central Nat
Second Nation’l
Ninth National..
First National..

Bowery National

a

Washington*

transfer

4.415.700
380.600
530.900
274.400
124.000

3.717.600
4.600.000

1.617.300
900.000

1,006,400
3.239.800

386.500
214.800
690.000
“77,000

1,066,000
13,296.000

16.302,300

4,0(77,900

5.582.800
6.533.400
2.174.800
5.554.80C
3.465.700
1.502.800

627,806
988.400
546.900
533.300
523.500
141.400
391.700
903.700
527.200
3.333,000
300.500
149.800
504.400
312.700
487,000
414.900
1.379.100
18,800
687,000
5.286.200

2.818.50C
8.464.900
3.298.200

13.919.000
1.985.500
2.736.000
2.892.400
2,526,70C
3.115.00C
5.029.700
6.426.800
2.197.600
3.582.000
20.138.500
18.362.200
1.506.600
1.400,000
1.150.300
18.800.10C
8.152,000
3.217.000
6.238.20C
13.817,000

3,539.000
254.200
22.700
85.300
3,669.600
980,000
634.000
1.148.700
3.519.100
1,064,800
124.400
237.500
I8.106

5.769.500
1.455.300
1.796.500
1.575.700
2.763.200
5,089.700

10.600.000

6.283.200
1.117,100
1,688,800
2,042.000

1.893.900
1.494.100
1.501.100
5,088,800

300,000

1,053,700

1,053,600

191.400

87,400

281,700
782.100

235,900

453.800
814.300
413.40G
85.700
43.300

432,800

276.066
225,000

180,000

2.562.0UO
5,586,800

91,800

2.008,800
1.361.900
1,046.300

5,223 900

449,900
45,000

1,079,3JC

61,162,700 335,324.600 58,660,500 24,044,900 320,0*3.900 18,259 90p

To be increased to $1,000,050.
Inc.

Dec.

Le«a>tenders

Dec.

The

following

1

S

July 15....324,800,200
22....830,102,700
29....332,010,300
Aug. 5....335.324,600
“

12.714,300
1;950.000

Net deposits

j

series of weeks past:

a

L. Tenders.

t

S

Deposits.. Circulation. Agg. Clear
t

Loans.
*

Specie.

ulyl7..

153,172,500

24..
81..

153,514.000
153,540,760
153,038,300

7,520,800
7,885,900

L. Tenters.

i

-

7..
Including the item

Aug.

*

65,929,300 25.031,000 321,003,800 18,206,300 809.274.752
64,251,600 24,583,150 322,863,20) 13,160,000 957,037,948
60,010,500 24,“8?,800 310,069,100 18.191.700 059.394.320
55,660,500 24,044,900 320,083,900 18,259,900 920.119.287

Boston Banks.—The following are
banks for a series of weeks past:
1882.

.

642.90C 1

Specie.

are as follows:
.Inc.
1414,800
Inc.
68,200
.

j Circulation

the totals for

are

Loans.

1832

*

793,366

3.358.300
2.050,800
1.454,400

754.700
130.200

200,000
200,000
500,000

Loans and discounts

“

1,100

207,030

16.411,100

751.900

210.300
521.000
68.50 J
492,000
128.80C
191.300
183.000
76.700

Specie

“

300,000

•

The deviations from returns of previous week

J

495,000

040.000
143,000
173.500
1,005,100
2,000
292.400
2.596.000
472,000
80.100
1,(198.000
25,800
141.400
3.040.000
45,000
1,239,000 10.071.000
633.200 11.617.700
972.4(56
113.500
3.864.200
900.000
723.100
6.467.004
800,000
263.700
2.024,000
263.500
3.162.900
257,000
3.584.300
140.500
1.780,000
184.800
2.841.300
] ,089,000
8.334.300
709,500
850.900
3.257.500
400,000
605,000 11,891,000 2.250,000
202.600
2,062,800
205,400
101.900
2,486.700
97.700
2,462,10C
450,066
113.700
1.890.000
400,900
205.000
2.992,000
450,000
221.000
3,918.901?
4,000
250.200
0.774.500
069,201
427.300
2.080,200
179.000
3.998,000
45,000
634.400 22.216.700 1,109,000
1,842,400 22,011.500
45,000
60,000
1.365.600
202.10C
1.413.200
114.300
920,400
225,000
803.500 17,986,600
753,400
8.598.000
1,122,000
387,000
327.000
3,710.000
632,600
0.472,900
600,000

19.500

4.164.100

500,000

57,000
454.000
70.000
126.500
595 400
397.300
167.500
83.600
112.000

486.800

15.331.200

1,000,000
300,000
250,000
200,000
750,000
300,000
100,000

N. York County..
Germ’n Americ’n
Chase National..
Fifth Avenue.
German Exch.
Germania
IT. S. Nat
Lincoln Nat...

997.200
864,000
2.419.200
297.300

2.839.400
1.532.300

*

0.920.000
6.283,000
7.275.600
7.964.000
3.679.300
6.435.900
3.164.000
8.830.300
1.510.500
1.825,c00

730.100
1,134,000
564.600
576.800

506.300

9.<»15.100
3,323.000
8.143.400

500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,001

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

*

4.485.100

tion.

S.

737,000
351.000

1.402.100
1,046,000

8.612.000

*

.

Total

7.854.700

450,000
200,000
700,000
1,000,000
500.000
3,000.000
600,000
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
300,000
400,000
1,500,000
2,000,000

People’s

1.632.000
690,000

7.983.000

Oirculfl,

other

Tenters.
S

10,113.000

2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000

Net dep'ts

Legal

Specie.

:

amount of

$

“

22,650.847 21,553,839
440,903
336,185
1,725,164 1,723,027
9,531,496 9,137,089
6,272,393 5,566,121
1.766,296 1,691.542
147,551
117,451
83,359
63,715
702,567
835,089
456,751
414,930
117,874
3,746,822 3,868.941
1,903,961 1,777,504
517,351
367,014
4,675,030 2,436,868
279,614
204,036
578,323
584,528
411,149

..

Capital. Loans and
discounts.

3331196

2,651.671

9,018
425.300

..

1,123.6*48

7,123,049

170.337

Banks.

1881.

$
51.731
362,540
346.848
1,087,000 1,006.633 7,887,718 6,402,839
31,887
35,679
143.950
25,360
24,422
133,843
53,162
75,193
383,156
297,066
60,535
52,648 1.489,674 1,171,383
8,684
8,816
204,158
239,934
22,577
26,278
440,272
542,102
2,020,000 1,899,346 14,135,866 12,789,270
306,831
225,096 1,705,949 3,521,219
193,854
195,001 4,102,287 3,922,163
1,437,164 2,083,802 9,155,615 9,098,547
50,226
31,281
965,249
885,596
37,041
29,844
341.000
359,685 10,946,6*00 9,047,192
700,072
639,122 12,551,051 11,025,755
82,537
77.732 2,643,035 2,144,861
116,136
114,270
719,236
596,339
209,564
177,161 1,422,435 1,289,240
140,369
122,747 1,297,713 1,127,334
13,149
9,631
274,917
233,122
62,210
46,730 1,551,932 1,277,906
122.143
126,263 3,769,573 3,230,304
5,591
10,941
188,043
181,344
38,990
38,427
22,630
635,833
587,588
284,662
1,503,591 1,394,162
236,339
47,132
118,805
103,831
120,779
46,955
24,708
624,390
568,954
206,737
195,367 6,159,934 6,151,970
97,391
2,913,832 3,067,971
8,022
63,952
1,088,625 1,210,032
21,348
12,55
143,605
78,531
618,478
3,821,808 3,613,693
133,773
1,039,198
959,519
68,268
1,358,507 1,345,773
69,179
1,539,814 1,339,825
91.587
637.758
479,169
31,315
847,009
772,452
13,553
40,204
763,646
750,048
26,100

June
4,093,756
Peoria Dec.&Ev. 4th wk J’ly
24,781
June
Philadelp.&Erie
341,614
Phila.& Reading June
1,714,730
Do Coal & Ir. June
1,303,253
Riclnn.& Daily.. 3 wks July 1100,200
Rochest’rA Pitts 2d wk July
5,783
St.Johnsb.&L.C. May
13.414
St. L.Alt. <fe T.H. 4th wk J’ly
52,543
Do
(brehs.) 4tli wk J’ly
22,770
St. L. Ft. S. & W. 3d wk July
5,017
St.L.Iron Mt.&S. 4tli wk J’ly
109,380
St.L.&San Fran. IstwkAug
71,500
St. Paul <fc Dul.. July...
96,954
St. P. Minn.&M. IstwkAug
190,700
Scioto Valley... 4th wk J’ly
16,486
South Carolina. June
60,575
fSo. Pac. Cal
104,864
May
Do
So. Div. May
*354,156
So. Pac. of Ar...]May
*256,581
So. Pac. of N. M. May
*95,351
Texas & Pacific. 4th wk J’ly
112,892
Tol. Del. & Burl.
17,090
IstwkAug
Union Pacific... July'...
2,301,000
Utah Central... June
131,237
Vicksb’rg& Mer. June
26,817
Va. Midland— 3 wks July
*42,004
Wab.St.L.& Pac. 1st wk
Aug 318,042
West Jersey
May
Wisconsin Cent. 3 wks July
79,358
..

1882.

255,791

...

Pennsylvania

1881.

1882.

$
54,490

Buff. Pittsb.&W. Juue
Bur.Ced.R.&No. 4tli wk J’ly
CJairo & St. Louis 4tli wk J’ly
'Cent.Br.Un.Pac. 4tli wk J’ly
Central Pacific. July

Clev. Akron& Col
Col. Hock.V.&T.
Deny. & Rio Gr.
DOS M. & Ft. D..
I>et. Lan. & No..
Huh. & Sioux C.
•Eastern

Aug. 5

Jan. 1 to Latest Date.

Earnings Reported.

Atch.Top.& S.Fe July
Bost.Cl.F.&N.B. May

•

New York City Banks.—The
following statement shows th*
condition of the Associated Banks of New York
week ending* at the commencement of business on City for tha '
Average

Ala.Gt.Southern Juno

Chic. Bur. & Q..
Chic. & East. Ill.
Chic.&Gr.TrunK
Chic. Mil. & St. P.
Chic. & Nortliw.

[VOL. xxxv.

Deposits.* Circulation. Agg. Clear.

*

7,059,900

7,629,600

the totals of the Boston
f,

$

3,773,700

97.375,000

3,954,000
3,993,200
3,304,800

97,693,100

30,560,300
30,432.200

96.936,600

30,228.960

66.175.561

95,941,000

30,’.80,500

0r,679,3£Q

78.293.247
75.231,988

due to other banks.”

Philadelphia Banks.—The totals of the Philadelphia banks
are as

follows:

Loans.
*

L. Tenders.

75,247,123
75,138,502
76,094,912
77.099,834

19.5S3.32S
20,059.649
20,699,798

69.079.691
09.510.259
71,104.140

20,701,303

71,279,413

1882.

July 17
•*

”

24
31

Aug. 7

Unlisted

Bid. Asked.
70
77

Atl.& P.blks.,30p.c..-.105
Boat. H. & E.. new st’k
2
Do
old
1*6
Buff.N.Y.<fc Phila. subs. *20
Cal. &(k. Canal D’ckpf
Do
com.
Chic. &Can. So. stock.
6
Do
bonds. 30
Denv. & N. Orleans... 30
Den.& R.G. unl’d cons.
Den.&R. G..W. sub.ex. 88 ‘
Do bonds
Edison Electric L. Co.500
Hud.Riv. Contract Co. 109%
Ind. Dec. & Sp. < om...
7

Is,6s,fund. 100
Imp. Co
47

2i8
1%
40
90

are

50.633,315

0.609.628

56.219.017
46.34 8.334

9,802.650
9,84 2.36)

50,758.831

quoted at 33 New Street:
Bid.

t

Ontario &West. rights.

34

90

121

stock

stock 39

subs.

$10,000
85

....

Oreg.Trans-Con. bonds

79
650

is

7

is

52"
57
15
89
125
23

Pullman’s P.Carrghts.

Selma R.&D.lsts.st’pd
Do

1

clean
2d M.stamp.
Do clean.

1%

Do

inc.mortg. bds.

34

1%

Tol. Cin. & St. L. Ists. 68
Do income bonds 19
Do
stock
16

3
*

Premium.

10

%

Tex.St.L.RR.sb.,80 p.c 60
Tex. & Col.Imn.,50 p.c. 88

U. S. Electric Light
Vicksb. & Mer. com. st’k

93

%

Do
Do

78%

1*3”

21
84
40

5%

St. Jo. & West, stock.. 13
Tenn. comp, bds., ’82.. 63

25%

63%

Rich.& Al.&O. C.6ubs. 91,
Do
ex bds. & stek
6%
Rich. & Dan. ext.subs.102
Roch’r & Pitts’g Coal. 100

9

94

92%

subs. 20 p. e
90
Ohio C. Riv.D. Ists. ey. 62
Do
River incomes. 20
Pensacola & Atlantic.x81
Do
stock.. 30

12

92

105
50

bds.. 100

bl’ks ex-bds..

97%

7e
94%

86

Do

35
50

Afked

Oreg. Sh.L.subs.60 p.c.T17
Do
Do
Do

Mo.Kan.&Tex.g.mort. 84
Mutual Un’n Tel. bds. 78
Do
stock.. 24
N. Y. Cb. & St. L. Ists. 92
N.Y.& Scran. Con.ex-p 65
N. Y. Sus. & West
11
N Y. W. Sb. &B. sub.. 59
N. J. Southern
1%
Do
inc. bds
North River Const. Co. 67

Agg. Clear.

9.675,080

Oregon Iuip. Co.lstex. 93

new

Intern at.
Mex. Nat. bonds
56
Do
stock
11
Mex. Cen. 1st 7s, ex... 86
Do
blocks No.2 120
Mid.RR. of N.J. stock. 21
Do
A bonds.... 11%
Do
B bonds....
7

Circulation.

$

Securities.—Following

Am. Tel. & Cable

Do

Deposits.

6%

,.7a
17

-•••

90
95

71
22

18

12J,

August

THE

12, 1882.]

CHRONICLE.

Miles.

gmrjesiwjettls

Chicago & Northwestern Railway
Leased roads in Iowa

AND

state, city

AND CORPORATION

finances.

Investors’ Supplement contains a complete exhibit of the
of States and Cities and of the Stocks and Bonds
Railroads and other Companies. It is published on the last

April, June,

ether month—viz., February,

and is furnished without extra

October and December,

Auaus*

thargeto all regular subscribers of the Chronicle. Single copies
are

sold at $2 per copy.
“

ANNUAL

437
1,753

Total

The

Saturday of every

1,038

..

Proprietary roads

Winded Debt
nt

187

REPORTS.

Chicago & Noithwestern Railway.
(For the year ending May 31, 1882.)
The annual report of this company for the fiscal year ending
May 31 1882, has just been published, and seldom has a rail¬
road report been looked for with greater interest. The sudden
rise in the common and preferred stocks last week on rumors of
\ stock distribution soon to be made, to represent the advances

3,278

—of which amount 500 miles were in
sin, 224 in Michigan, 913 in Iowa, 414

Illinois, 896 in Wiscon¬
in Minnesota and 331 in

Dakota. The miles of new railroad added during the year were
504, consisting of Toledo & Northwestern Railway, 207 miles ;
>

Chicago Milwaukee & Northwestern Railway, 141 miles

;

Iowa

Southwestern Railway, 52 miles; Menominee River Railroad,
17 miles ; and Dakota Central Railway, 87 miles.
The increase in capital stock during the fiscal year was

$505,000, arising from $500,000 of preferred stock mentioned
in former reports, issued for La Crosse Trempealeau & Pres¬
cott stock pursuant to the terms of consolidation with that
company on June 6,1877, and representing the cost of its prop¬
erty, and from $2,500 of preferred stock and $2,500 of common
stock issued for conversion of Peninsula Railroad bonds.
The net increase in bonded debt during the fiscal year
amounted to $7,242,000, and consisted of Chicago & North¬
western Railway Company 5 per cent sinking fund bonds, issued

$15,000 per mile, on account of 345 miles of new railroad of
the following-named companies, whose first mortgage bonds in
like amount are deposited with the Farmers’ Loan & Trust
at

through a series of years for the proprietary roads, has
caused much discussion as to what the surplus of the company
trustee, as additional security for the bonds so
really amounts to. The balance sheet seems to be clear on this Company,
issued :
point and while the actual cost of all these properties to the
Dakota Central, 97 miles
$1,455,000
Chicago & Northwestern is placed in the usual way on the side Toledo & Northwestern, 174 miles
2,610,000
of assets, making the grand total of the balance sheet $139,- Iowa Southwestern, 52 miles
780,000
90,000
139,871, there is carried to the other side of the account in Rock River, 6 miles
15,000
River, 1 mile old line
liabilities the nominal amount of $23,883,150 to represent the Menominee
And 15 miles of extension
225,000
stocks of those various companies, every share of which is
really owned by the Chicago & Northwestern Railway. There
$5,175,000
is ateo the “income account” surplus of $7,264,581 to be Also the bonds of the following companies, guaranteed by
the Chicago & Northwestern Railway Company, to wit:
added to the amount above named, making $31,147,731 as the The
Escanaba & Lake Superior first mortgage
actual nominal surplus of the company, against which no stock
bonds for 36 miles
$720,000
or bonds have ever been issued to the public.
The details of Dakota Central Railway Company (Winona & St.
Peter connection) first mort. bonds on 71 miles.. 300,000
these nominal liabilities in the balance sheet, which in fact con¬
Chicago Milwaukee & Northwestern construction
stitute no liability, are as follows:
bonds, at $10,000 per mile
450,000—1,470,000
.

STOCKS.

Chicago Milwaukee & Northwestern
Consolidation Coal Company
Dakota Central Railway

$8,690,000

Railway

1,080,900

Iowa Midland Railway
Iowa Railway Coal & Manufacturing
Iowa Southwestern Railway

50,000
60,000
1,500,000
216,000
75,000
5,000

Railway (subscription)
Company

Menominee River Railroad
Rock River Railway
Stanwood & Tipton Railway
Toledo & Northwestern Railway
Winona & St. Peter Railroad
Western Town Lot Company of Iowa

6,250

8,125,000
2,300,000
25,000
$23,883,150

Add surplus

stand¬

600,000

500,000
250.000

Elgin & State Line Railroad

Escanaba & Lake Superior

Des Moines & Minneapolis on 58 miles, now
ard gauge

7,264,581

income accoun

$7,245,000

The increase in gross

earnings

over

those of the preceding

distributed through all classes of revenue, as follows:
Increase from passengers, $1,013,293; from freight, $3,110,983;
from express, $5L314; from mails, $134,204; ana from miscell¬
aneous items, $40,788—total increase, $4,350,584, or 22 50-100
year was

per

cent.

The working expenses, taxes and fixed charges, &c., were
increased $2,750,010, or 17 67-100 per cent, as follows: in cost
of operating, $2,137,456; in taxes, $76,357; in interest on.

bonds, $351,311; and in rental of leased lines, arising from
net income

increase of traffic, $184,886.
The increase’ in
amounted to $1,600,573, or 42 37-100 per cent.

The ratio of
earnings,
including
taxes,
per cent,
to
was
53
37-100
But the income of a railroad counts for much more than its
against
53
92-100
per
cent
for
the
preceding
year.
book-keeping, and turning to the receipts for 1881-2 they are
Upwards of $4,000,000 have been expended for equipment
found to be satisfactory.
It is well known that the year
1881 was one of bad crops and certainly could not be considered during the last two years, to meet the demands of increased
traffic and for furnishing the new lines. The expenditure on
more favorable than an average year, but the company earned
account of new rolling stock amounted to $1,868,466 for the
over all liabilities including rentals, interest and sinkings funds,
the sum of $5,378,075. The dividends declared were 7% on year.
CONSTRUCTION.
the preferred and 6/£ on the common, absorbing $2,586,637 and
The construction expenditures for the year embrace numer¬
leaving a surplus of $2,791,437, showing that the company ous
improvements costing a total amount of $1,616,181. ,
could have paid the same rate of dividends on double the
This construction is exclusive of the net balance of $5,502,838
amount of stock and still have a surplus of $204,800.
This
takes no account of the cash received from land sales, which expended for new railroads, coal property, lands and grounds
laid out at stations and town sites along the newly-completed
was $820,194.
The reports of a stock dividend soon to be made may have lines, and of $1,868,466 expended for additional equipment as
been entirely sensational and circulated only for stock-jobbing heretofore stated.
The new roads are mentioned in the report as follows:
purposes, but the directors of the company make no secret of
the fact that it is the policy of the company ultimately to merge
“Of the new roads in progress at date of the last annual report, the
all its minor corporations into the parent company, and presuma¬ Iowa Southwestern was completed during the last year. This branch
connects with the main Iowa line at Carroll, extends southwesterly to
bly to issue stock to represent the properties so merged. Com¬ the town of Kirkmau, with an arm to Audubon, in alia distance of 51*81
paring briefly the past two years ending May 31, the results miles, and traverses a rich, productive and well-cultivated portion of
$31,117,731

Total

expenses

r

follows:

were as

Gross earnings....
Less

the State.

1881-82.

2,644 miles.
$19,334,072

3,032 miles.
$23,684,656

Increase.
$4,350,581

$9,979,619

$12,117,075

446,201

522,558

3,647,897

3,999,208

$2,137,456
76,357
351,311

98,120

98,120

1.384,731

1,569,618

184,886

$18,306,581
$5,378,075

$2,750,010
$1,600,573

charges—

Operating

Taxes

Interest

expenses

on

bonds

Sinking funds

Rental of leased bonds..
Total

charges

Net receipts

In

“

1880-81.

$15,556,570

$3,777,501

.

addition, the cash received from land department

$560,994 in

was

1880-1 and $820,194 in 1881-2.

The report states that

“ the surplus, which has gone into the
property, is represented in part by certain
balances, standing as assets on the books, which have accumu¬
lated for several years against the proprietary roads on account
of their construction, cost of their stocks, and stock of the Con¬
solidation Coal Company, and similar investments, that form a
permanent part of the company’s property. A sum of these
accounts, amounting to $3,060,843, was written off the past
.

improvement of the

y^rby
charging the same to surplus income.”
The average
number of miles

operated during the whole

year was 3,032, an increase of 14 7-10 per cent, and the total
number of miles in use at the end of the year was 3,278, an
increase of 18 per cent, classified as follows :




The

more

important line of the Toledo & Northwestern Railway In

Central and Northwestern Iowa is rapidly approaching completion.
Ibis road, now in the third year of its construction, connects with the
main line of the Chicago & Northwestern Company at Tama, 270 miles
west of Chicago, and runs northwesterly and northerly to Elmore, at tho
Minnesota State line, 164*2 miles, with a westerly branch from Jewell
Junction to Lake City, 58*1 miles, and another branch running westerly
from Eagle Grove to Caliope, on the
Southeastern Dakota, a distance of

boundary line between Iowa and

144 miles.

The whole length of

road is 366*6 miles, of which 290*6 miles are finished, and the residue,
76 miles, will lie completed by the 1st of October next.
“
The Des Moines & Minneapolis Railway, formerly a narrow gauge
line running north from Des Moines to Callanan, 58 miles, acquired

perpetual lease, and since by ownership of its stock, has been
entirely reconstructed to standard gauge and laid with steel rails. A
connecting link of 2*4 miles ha3 been built from Callanan to a connec¬
tion with the Toledo & Northwestern Railway at Jewell Junction, thus
under

forming a continuous north and south line between Des Moines and
Elmore, at the north line of the State, a distance of 155 miles.” * * *
In Dakota, the Sioux Valley branch of the Dakota Central Road
was mostly graded before the close of the year, and at the date of issu¬
ing this report all the track-laying but about four miles is completed.
The line is 30*8 miles in length, and will be fully completed by the first
day of August next.
An extension from the terminus of the Winona & St. Peter Railroad
at Watertown, Dakota, is in progress to connect that line with tho
James River branch of tho Dakota Central Railway at Rodfleld, a dis¬
tance of 71 miles: the grading on this line is well advanced, a portion of
the track finished, and the road will be completed during the present
“

“

season.

In the iron districts of Michigan the Escanaba & Lake Superior
Railway, which was commenced last year, is in progress, and a portion
of the track laid. It is expected that this branch of 36 miles, connect“

r

THE CHRONICLE

188

ing with the Peninsula Division, will b® ready for operation, and admit
of ore shipments to Escanaba Harbor during the present season of lake

navigation.

_

“An extension of
western terminus to

the Menominee River Railrpad from its
the iron deposits in the vicinity of Crystal

present
Falls is

nearly completed, aud a further extension of about twenty miles
under construction to the Iron River district, with the expectation
finishing the line by the 1st of October next.”

1879-80.

1878-79.

is

of

Rate on pref
Rate on common

2,105,86$

7
6

7
6

1881-82.

*

1,569,618
3.999,208
2,586,637

1

6L}

§1

98,120

98,120
9,442

98,120

98,120

Tot. dish’rsem’ts.

6,6§1,513-

7,243,101

7,551,022

Balance, surplus...

202,770

1,674,649

1,357,229

8,253,583
2,791,439

Sinking funds
Miscellaneous

pation of such further action towards consolidating* with the
Chicago & Northwestern Railway Company as might oe deemed
advisable from time to time in future. At the last annual
meeting, in Chicago, articles of consolidation were submitted
between this company, the Escanaba & Lake Superior and the
Menominee River railroad companies, in Michigan, whose
stocks and properties are wholly owned by this company, and
resolutions approving and affirming such consolidation on the
part of this company were then passed. To complete the mer¬
ger of* these companies, in accordance with the statutes of the
State of Michigan, the stockholders’ meeting adjourned to meet
at Escanaba, Michigan, on the 14th of September nex% when
the Michigan companies will formally ratify and confirm the

$
1,384,732
3,647.897
*2,420,273

1,408,003
3,322,0 L5
2,405,521

7
4

..

1880-81.

$

$
1,225,732
3,261,793

Disbursements—
Rentals paid
Interest on debt...
Dividends

“Mention was made in the last annual report of various con¬
solidations of. proprietary lines in the different States, in antici¬

1

CLOSE OF EACH FISCAL YEAR.
1880-81.
Assets.
1881-82.

GENERAL BALANCE AT

Chicago & Nortiiwestern

proceedings authorized at the annual meeting in June last.
The completion of the various lines heretofore mentioned
will materially abate the large amount of construction expendiT
du
turgs which have been so freely and beneficially made during
the last five years for the extension and improvement of the
property. At the beginning of this period, and for tUe year
ending May 31st, 1877, the company operated 1,993 miles of
railroad, and earned $13,033,101, while during the year just
closed it operated 3,032 miles, and earned $23,684,656, being an
increase in railroad of 1,039 miles, or 52T5 per cent, and an
increase in gross earnings of * $10,651,554, or 81*72 per cent,
within that period.”
“

Other

—road and equip. $74,120,342

48,311,241

companies—road, equipment, &c—

Real estate in Chicago
I)es Moines A Minn. Railroad
Bonds owned
•.
Bills and accounts receivable

account

200,030
363,800

-

1,233,235
1,125,779

1,255,098

$76,739,549

54,679,521
'

200,000

865,8*19
1,232,033

1,077,865
1,117,000

2,291,340
1,760,608
1,321,000

$129,704,360

$139,139^871

held by Co.).. $15,093,488
amount held by Co.)
21,650,783
roads, Ac
21,244,650
57,006,000
incl.live in sink. fd. (See Supplem’t)

$15,095,924
22,153,119
22,883,150
64,248,000
366,000

Materials, fuel, Ac

.

Cash on hand
Trustees’ sinking fund
Total

Liabilities.

Stock, common (less amount
Stock, preferred (less
Stocks of proprietary

Bonds,

Bonds purchased
Dividends declared, not yet

363,000
831.481

due

1,117,000

Sinking funds paid

Real estate, mortgages, Ac
Current bills, pav-rolls, Ac
Uncollected coupons, old dividends,

Accr’d rentals ot l’s’d rds. in la., not
General consolidated bonds unsold
Land income
Accrued interest, not yet due
Miscellaneous
Balance income account

REPORT OF LAND COMMISSIONER.

The total consideration for the lands

[Vol. XXXV.

..

Ac

yet due

:

Total

48*2,766
2,520,300
63,786
272,232
530,000

971.185

1,321,000
401,774
2,141,311
74,829
439.935

407,000

675,430

17,320
7,533.087

689,534
675,430
4,098
7,264,582

$129,704,360

$139,139,871

303,016

and lots sold amounted

Oregon & Transcontinental Company.
{For the year ending June 30, 1882.)
Mr. Henry Villard, the President, remarks in his annual
was 353,860.
report that the first fiscal year having terminated, it is proper
The receipts from cash sales and advance payments amounted that stockholders should be informed of the progress made
to $598,404; from time payments on credit sales, $169,953; from since the organization of the company towards the attainment
interest on contracts, $42,176; and from trespass on timber of the objects for which it was formed. These objects were:

The number of acres which were actually deeded
from the various grants during the year was 158,613, and the
number of acres under contract of sale at the end of the year

to

$883,126.

lands and stumpage, $9,660. Total cash receipts, $820,194.
The statement of amounts secured to be paid to the com¬

“1. To acquire and hold a
Northern Pacilic and Oregon

controlling interest in the stocks of the

Railway A Navigation coiunaniea.
“2. To promote the company’s own interest, as tli-i holder of such
pany fby outstanding contracts of sale in force at the end of stocks, by the creation of such auxiliary systems of railroad, steamship
the fiscal year showed a total of $777,030.
and steamboat lines as would tend to protect and increase the transport¬
“Three hundred and fifty-three contracts, for 12,713 acres ation business of these two corporations.
3. To engage in such other commercial and industrial enterprises as
and twenty-eight town lots, have been canceled during the
would tend to hasten and widen the general development of the States
year for default in payment or other breach of the conditions and i erritories traversed by the Northern Pacilic aud Oregon Railway
of sale. The total amount of land in all the grants remaining A Navigation companies’ lines.
“In order to provide ample means for the pursuit of this comprehen¬
undisposed of at the end of the year was 1,824,421 acres. The sive
the company was formed with an authorized capital of
emigration to Minnesota and Dakota has continued to increase fifty programme,
millions of dollars. By virtue of a resolution of the board of
during the year. The Government free lands are being directors, passed July 4, 1881, it was decided that no more than thirty
absorbed with constantly-increasing rapidity, and the growth millions of this authorized capital should be issued at present, of which
of the towns on the new lines of this company’s railway in the amount $23.76o,(j00, equal to 237,600 shares, have been actually paid
for and issued up to date. The balance will be issued as paid for. The
State and Territory named has been gratifying. The towns on 1 larger portion of this paid-in capital was invested in Northern Pacific
the recently-constructed roads of the company in Iowa are and Oregon Railway A Navigation stocks, representing this day a mar¬

M

lilli

“

■?

toll

'

exhibiting a substantial growth and prosperity.”
The following table shows the operations of 1881-2 in

ket value of

the

sale of lands:
Acres

Name

daring

unconveyed

of

112,232

20,688

JLTa?/, 1882.
276,668
64,195
1,582
11,415

2,335,033

158,613

353,860

J)Lay 31, ’81.
Minnesota....
1,329.690 550,786
Michigan
Wisconsin
342,324
grant.

year.

84,697
38,695
14.532

....

Men. River...

Total

Acres under
contract

Acres deeded

Acres

deeded
contracted
to be sold:

not
or

970,186
447,895

326,210
80,129
1.824,421

comparative statistics of operations and financial condi¬
tion, prepared in the usual form for the Chronicle, will be
found in the tables following :
The

ItOAD AND

1878-9.

il
1*

l.

n

S; *

i

o

rji

Chic. A N.W. and
leased roads.....

1,164

Proprietary roads.

990

Total operated...

2.154

2,512

2,778

3,278

377
275

425
297

476
327

558
365

9,836

12,682

16,072

17,932

243

275

274

353

1880-81.
1879-80.
lc78-9.
Operations—
4,482,317
3,964.798
3,328,427
Passengers carried.
Passenger mileage.116,068,48 2 140,116,884 164,333,508

6,754,717
205,574.178

All other

cars

j.i

OPERATIONS AND FISCAL RESULTS.

‘til j

$ H\
•

‘

1

*

i

Rate per pass. p. m.

hi

.2;

2-67 ets.

2*53 ets.

'A

3

<4
»:!
rV

1*49 ets.

1*47 ets.

1*47 ets.

Earnings—
Passenger
Frieght

$
3,240,696
10,637,368
702,857
Mail, express, Ac..

$
3,737,343
12,897,778
714,228

$
4,158,130
14,414,151
761,791

$
5,171,423
17,525,13 4
988,099

Tot. gross earn’gs 14,580,921
Operating exp’nses 7,349,653

19,334,072

357,996

17,349,349
8,049,358
382,241

9,979,619
446,202

23,684,656
12,117,076
522,558

7,707,649
6,873,272

8,431,599
8,917,750

10,425,821
8,908.251

12,639,634
11,045.022

52*86

48*59

53*92

53 37

Taxes
iti

?

Total
i

Net earnings
P.c.of op.ex.toearn.

J

INCOME ACCOUNT.

it
•ti
*

3

e-

|

Receipts—
Net earnings

t




1878-79.

1879-S0.

$
6,894,283

$
8,917,750

1S80-81.

$

8,908,251

The work of

carrying out the second part of the company’s

programme was commenced last summer as soon as the con¬
dition of the treasury warranted it. Your board decided, how¬

operations at first to providing such branch
line of the Northern Pacific as would, ujdou
careful examination, appear indispensable for the protection
and development of its traffic and the enhancement of the

ever, to confine
lines to the main

value of its land grant.
Reference is made to the lines put under construction and to
the circular issued to stockholders, as pudished in the Chron¬
icle of June 3, on page 637.
As a result of the subscriptions made under that circular,
Mr. Villard says:
We are pleased to inform you that
entire amount of bonds offered, to wit, $6,000,000, has been
taken, thus placing the company in ample funds to meet
entire construction
expenditures during the present year.
Your board take particular satisfaction in announcing to you,
in conclusion—
1. That the payments still due on subscriptions and

the
the

the

“

proceeds of $6,000,000 of bonds will free the company abso¬
lutely from every sort of floating liability.
2. That out of income and gain from every source there is
already assured a total profit of about $2,000,000.
“3. That we expect the distribution of dividends to com¬
mence with the beginning of the next year.”
“

2*52 ets.

1*56 ets.

Av. rate p. ton p. m.

y

&‘

2-79 ets.

1881-82.

8,190,863
6,662,112
5,574,635
Fr’ght(tons) mov’d. 4,265,937
Fr’ght (t’ne) mil’ge.681,878,311 865,909,542 980,522,774 1,192,188,039

1?k; 1
!«,

1881-82.

1,391
1,121

Freight cars

fy'

1880-81.

1,526
1,752

Pass.,mail A ex. cars

i.

1879-80.

1,530
1,218

Locomotives
.*

EQUIPMENT.

$26,384,150.

1881.82.

$
11,045,022

GENERAL INVESTMENT NEWS.

notice to the Stock
intended increase of its capital stock by the
issue of 17,500 shares, of which 17,000 shares are to be used for
the acquirement of new road and 500 shares to take up old
Central Iowa.—This company has given

Exchange of

an

stuck.

Central Yermont.—The opinion

of the Vermont Supreme

that
&
and

Court in the Langdon case has been given. The decision is
the trust debt takes precedence of the claims of the Vermont
Canada Company and the Vermont Central bondholders,
that its priority stands on substantially tiie same
as re¬
ceivers’ or trustees’ obligations in other cases.

ground

Chicago & Alton.—This company will increase its capital
cent in December next, and the announcement of a

stock 10 per

P^Uirirt■hfV-Tv

August

THE

12, 1882 J

CHRONICLE.

189

of the State of New York, in answer to the
stockholders to subscribe therefor at par will soon Attorney-General
application which Mr. Sylvester H. Krieeland has made with the
he made. The mortgage income bonds of 11,096,000 mature view of breaking
up the elevated railway agreements of Octo¬
in January next, and the money is wanted to pay them off.
ber and November, 1881 :
nriviletre to

Cincinnati & Baltimore.—The exact amount of shares
transferred by the pool to the Baltimore & Ohio Company was
This
11 772 which, at $55 per share, amounted to $647,460.
transfer places all of the stock of the Cincinnati & Baltimore in
the hands of the Baltimore & Ohio Railroad, with the exception

,

of

a

few

hundred shares.

& Indiana Central.—The agreement
for the reorganization has been signed by a sufficient number of
bondholders to insure its ratification. The scheme contem¬
Columbus Chicago

-

Gross

earnings

$7,224,542

Operating expenses

4,639,970

$2,584,571
The taxes assessed

by the city against the
Metropolitan Elevated Railway Co., which
are not included in the above operating ex¬
penses, are
'
[nterest paid on Metrooolitan Co.’s bonds, and
accrued to June 1, 1882

Showing a deficiency to

earn

$628,919

2,126,303—

2,755,223

interest on bonds from Feb. 1,

organization of a new corporation, with a capital
1879, to June 1, 1882, of
$170,651
'Stock of $30,000,000, of which $20,000,000 shall be preferred
Milwaukee Lake Shore & Western.—The result of opera¬
and entitled to cumulative 6 per cent dividends, and with a tions for the six months ended June 30 was as follows: Gross
bonded debt of $22,000,000 first mortgage 5 per cent bonds, earnings in 1882. $422,545; in 1881, $254,931. Net earnings in
having fifty years to run. Out of this amount $5,343,000 is 1882, $150,719; in 1881, $51,463. Fixed charges in 1882, $115,reserved, to be exchanged for the sectional bonds, which remain 000; in 1881, $77,000. Surplus in 1882, $35,719. Deficit in
as prior liens after the foreclosure.
The balance will be divided 1881, $25,437. The increase in fixed charges was due to the
as follows: One $1,000 bond to the holder of each consolidated
issue of bonds to complete the road’s extensions, and about 36
bond of the old company, also $150 in cash from the sum of
per cent of the operating expenses were for improvements.
$2,400,000 due as rental from the Pittsburg Cincinnati & St.
Muncy Creek.—This road was sold in Hughesville, Pa., Aug,
Louis road, and $400 of new preferred stock. Each holder of
9,
by
the. trustees under the mortgage, and bought for $5,000 '
$1,000 second mortgage or income bond takes $1,250 in pre¬
ferred stock, and $250 in common stock on payment of $100 by the agent of the bondholders. The road extends from
cash. Holders of unsecured claims shall receive common stock Hall’s, Pa., to Hughesville, 6^ miles. The bonded debt is re¬
ported at $180,000.
to the par value of their elaims on payment of 5 per cent in cash.
Mutual Union Telegraph—Western Uuion.—Regarding
Each holder of two shares of the common stock shall
the
transfer of stock to the Western Union, the New York
receive one share of the new common stock on payment of $10
plates the

Times reports: “Jay Gould and George F. Baker, President of
the First National Bank, represented a pool controlling 51,000
shares of Mutual Union—1,000 more than a majority. In the

in cash.

Hannibal & St. Joseph.—The

announcement made that the

U. S. Circuit Court in Missouri had decided the suit of the Han¬
nibal & St. Jo. Company adversely to the State was substantially

correct, as Judge McCrary sustained the position taken
railroad company on nearly every point. The order
court directs a reference to a master in chancery to take

pool Mr. Gould

was

supposed to act for the Western Union and

Mr. Baker for the Mutual Union. The combination was made
for a voting power, and the condition was that Mr. Gould
should not use his interest to the injury of the Mutual Union.
The amount that Mr. Gould transferred to the Western Union

by the

of the
proofs

and report the precise amount due the State, which it is under¬
stood will be about $100,000.
The State Jaw required that
whenever there was a surplus in the Treasury it should be
invested in bonds, and the court held this statute was mandatory,
and that the State officers failed in their duty when they

was

40,OOP shares, but only 33,000

belonged in the pool.

The

picked up in small lots in the Street. The average
per share received was $6 10.
The original purchase was really
made by Mr. Gould for the Western Union. The idea, as
declared
Western Union people, is to place both companies
neglected to invest the money paid by the railroad company virtually by
under one control so as to prevent a ruinous cutting
according to its provisions.
of rates, or, in other words, to stop competition, and the pool
Houston East & West Texas—In the quarter ending will
operate the same as in the past. The intention is to keep
June 30,1882,-gross earnings were $70,466; net earnings $42,114,
separate the business of the two corporations, and none of the
all applied to construction.
offices of the Mutual Union are to be closed. The board of
Lehigh & Hudson River.—This company has completed its directors of the Mutual Union, as at present constituted, is so
through line from Greycourtyon the Erie, to Belvidere, on the divided that five members are counted for this company and four
Delaware River, and will issue a new time-table, to take effect for the Western Union.”
on Aug. 14, when through trains will be put on. From Belvidere
N. Y. Susquehanna & Western.—Midland R.R. of N. J.—
the route runs northwest through Warren and Sussex counties, Holders of the
following-named securities issued by the “ Mid¬
crossing the Delaware Lackawanna & Western Railway near land Railroad Company of New Jersey,” viz., income bonds,
Brjdgeville and the Sussex Railroad at Andover. At Franklin classes A and B, and scrips Nos. 1 and 2, are notified that the
Furnace it crosses again the Sussex Railroad and the New
privilege of exchanging them for the stock of the New York
Jersey Midland, and passes through the Warwick Valley to Susquehanna & Western Railroad Company (into which com¬
Greycourt, there forming a connection with the Newburg
branch of the New York Lake Erie & Western Railroad. At pany the Midland Railroad Company of New Jersey has become
merged) will cease and determine on the 15th day of Septem¬
Newburg the cars are ferried over the Hudson River to the ber, 1882.
New England Railroad.
—The Philadelphia Press reports : “The New York & Scran¬
Long Island Railroad.—The following is an official state¬ ton Construction Company, which has almost completed the
ment of gross earnings from Oct. 1*1881, to July 31, 1882:
New York Susquehanna & Western Railroad, proposes to divide
1881-82.
1880-81.
some of the securities which it has received upon the following
$881,989
465,395

Passengers
Freight

rest he had

$1,055,513

terms: To every

506,029
74,844

holder of 100 shares in the Construction Com¬

August 15, upon payment of $1,200, or 12 per cent, $2,500
5,035
Telegraph
Pennsylvania Anthracite Coal Company first mortgage 7 per
Rent
6,381 cent bonds with interest from June, 1883; Sept. 15, upon pay¬
19.454
United States Mail
14,240
Amies: boat
7,816 ment of $600, or 6 per cent, $1,000 Midland Railroad first mort¬
12,631
Parlor cars
2,993
3,079 gage 6 percent bonds with interest from Oct. 1, 1882 ; Oct. 16,
7;
Sag Harbor wharf.
upon payment of $700 or 7 per cent, $3,000 New York Susque¬
Totals
$1,416,263
$1,630,933 hanna & Western 6 per cent coupon debentures with interest
Total increase 1881-82 over 1880-81
$264,669 from Feb. 1, 1883, and $2,500 Pennsylvania Anthracite Coal
Company 6 per cent debt obligations with interest from Feb. 1,
Memphis & Charleston.—The following statement of earn¬ 1883. Transfer books close on the 10th of August and subscrip¬
ings for the year ending June 30 has been published:
tions must be made by noon of the 12th inst.
Bonds not sub¬
1881-82.
1880-81. scribed for will be allotted proportionately among those who
$1,323,614
Earnings
$1,294,415
1,040,000
Expenses
1,327,499 have subscribed, and unpaid subscription balances will be allot¬
ted in the same manner.”
Net earnings
$283,614
Philadelphia & Reading. —The absence of all definite inforDeficit..
$33,083
The fixed charges, interest and rentals in 1881-82 were $294,- mation in regard to Mr.
wen s
000,
*>, showing a deficit on the lease of $10,386 for the year
year. The
the
comment m
be
subject
of
reports even go so far as to say that his health has become
expenses in 1880-81 included $556,423 for new steel rails, &e
the
impaired, and that he will not be able to attend further to
Manhattan Elevated—Metropolitan.—The New York World Ph'ila. &
Reading business. In the London newspapers of July 29
published the following statement of earnings and expenses for we find the “ calls” on new loans subscribed for falling due in
the month of July, 1882 : Gross earnings all lines, $465,617;
August, as published in the Weekly Official Intelligence,
operating expenses all lines, $299,523 ; net earnings, $166,093 ; under authority of the Stock Exchange committee, and the P. &
fixed charges, $116,593 ; surplus, $49,500, divided thus :
R. consol, mort. bonds, first series, are down for 40 per cent due
HEW YORK ELEVATED RK. LINES.
METROPOL. ELEVATED RR. LINES.
Gross earnings
$194,726 Aug. 31, and 20 per cent is given as already paid. The total
$270,890 Gross earnings
27,835
4,423
6,743

Express

pany,

„

I

Operating

expenses

Net earnings
nxed

charges

Net surplus

160,928
$109,962
50,964

$58,997

Operating

133,594

expenses

$56,131
65,629

Net earnings
Fixed charges

Metropolitan deficiency..

$9,497

$49,500

—The World also publishes this : “The following is the
statement made in the accounting department of the Manhat¬
tan
Railway Company, of the earnings and expenses of the

~^roP°litan
Elevated Railway Company from February 1,
1879, to June




1, 1882, verified under oath and filed

with the

Go
much

issue is put at $13,500,000,
or about $5,400,000.

Richmond &

negotiations abroad continues
Philadelphia. Some

and the call in August at £1,080,000

Danville.—Application has been made to the

Exchange to list the $1,000,000 additional stock issued
by this company.
—It was announced by cable that the Richmond & Danville
Extension Company had placed in London $3,000,000 of their
Georgia Pacific first mortgage extension bonds on terms more
Stock

favorable than any offered in this country. This, it is said, will
furnish the company all the funds necessary to complete its
road to

Birmingham.

THE CHRONICLE.

190

IVOL. XXXV.

COTTON.

Site Commercial

Friday, P. M.,

EPITOME.

COMMERCIAL

Friday Night,

Aug. 11, 1882.

Good progress continues to be made in opening trade for the
autumn season, and the prospects are regarded as excellent.
There have been violent storms in many sections, doing some

damage to crops and interrupting railway transportation, but
nothing serious has occurred, and the general position of affairs
is very promising. Congress has adjourned without passing
any laws providing for the reduction of taxation, but the active
agitation of the subject may possibly lead to good results at its
next session.
The temperature was very oppressive early in
the week, but is now quite agreeable. Yellow fever has made
its appearance in Southwestern Texas, but is nowhere epidemic.
Provisions have latterly had a better speculative movement,
and prices have been advanced. The export inquiries have also
improved. New mess pork was sold on the spot to-day at $22 25;
old quoted $21 37^6@$21 50; August options quoted $21 65@
$2175; September $21 70@$21 85; October $21 90@$22. Lard
was again higher, with prime Western sold on the spot at 12*80
@12*85c.; refined to the Continent 12*95c.; August ^options
realized 12*72^c.; September 12*80@12*85c.; October 12*90@
12 95c.; December
12*72^c.; seller year 12*70c.; January

August 11, 1882.

The Movement of the Crop, as indicated by our
telegrams
from the South to-night, is given below. For the week ending
this evening (Aug. 11), the total receipts have reached 4

8U

bales, against 4,815 bales last week, 6,126 bales the previous
week and 9,150 bales three weeks since; making the total
reoeipts since tiie 1st of September, 1881, 4,665,635 bales, against
5,788,585 bales for the same period of 1880-81, showing a decrease
since September 1,1881, of 1,122,750 bales.
Mon.

Sat.

Receipts at—
Galveston

Indianola, &c.

no

170

....

....

Mobile
•

•

•

14

Pt.

Royal, &c.
Wilmington....
Moreh’d C.,&c

10

City Point,&c.

•

•

» •

735
317

539

160

1

37

13

25

112

26

•

•

11

•

....

....

41
....

34
....

....

298

....

....

....

Baltimore

....

....

Philadelp’a, &c.

....

Totals this week

711

6
131

....

•

96

•

11
386

•

50

....

•

•

....

12

•

•

32

....

1

141

•

22

....

....

124

....

1

158

132

Boston

317

26

•

257
•

•

•

•

104
6
738
95

52

18

14

120

295

93

41

128

221

739

....

....

246

384

1,812

4,811

91

New York

359

....

15

....

....

Norfolk

14

.

•

97

....

7

•

Total.

5

57

....

•

Fri.

102

....

104

68

....

20

Brunsw’k, &c.
Charleston

Thurs.

87

•

•

190

Savannah

Wed.

146

67

New Orleans...
Florida

Tues.

2

91

45

764

586

609

....

329

12*72^c.; February 12*75@12*7734c-*> March 12*80c., closing
For comparison, we give the following table showing the week’s
firm. Bacon quiet but firm at 13.c. for long clear. Beef total receipts, the total since Sept.l, 1881, and the stocks to-night,
steady at $32@$35 for extra India mess. Beef hams $20 50@ and the same items for the corresponding periods of last year.
1880-81.
Slock.
$21, and quiet. Tallow steady at 8%@8/£c. Stearine firm and
1881-82.
Receipts to
This
active; sales to-day 1,200 tcs. Western at 12%c.; 50,000 lbs. City
Since
Since Sep.
This
Sep.
1882.
1881.
August 11.
Week.
Week.
at 13c.; 350,000 lbs. oleomargarine at 10^@1094c. Butter firm
1,1880.
1,1881.
but rather quiet; creamery 20@27c.; State dairy 19@25c.; Galveston
735
1,938 672,343
1,080 18,541
428,035
90
Western do. 16@20c; do. factory 15@17c. Cheese firm and in
317
15,451
14,179
Indianola,Ac.
539 1,185,901
3,435 1,580,314
♦21,144 63,899
demand; State factory 8@ll^c.; Western do. 6@llc.; skimmed New Orleans...
499
Mobile
204
866
384,765
263,432
3,140
8^@6c. Eggs quiet. State and Jersey 23@25; Western 21@ Florida.'.......
44
11
27,250
20,417
.....

23c.

5,086

*

8avannah.....

Bio coffee has been quiet but about steady, and closes some¬
what nominal at 9/6@10c. for old and new crop fair; mild

386

1,866

729,167

Brunsw’k, &c

7,026
257

Charleston

1,584

3,455

619,744
50,040

452

650

,

348

497,715
24,516
136,371

Pt.

871,108
5,019

49
Rdyal, &o,
grades have sold only moderately, but have been about steady.
56
104
368
118,425
435
Wilmington....
Tea has declined slightly at auction. Foreign fruits have
42
6
M’head C., &c
26,586
30,633
shown little change; the demand for sound green stock is Norfolk.
738
1,498 716,508
1,603
615,077
3,423
131
96
195,400
211,137
good, but dried sells slowly. Spices have been firm and cloves
City Point, &e
847
295
162,552
173,642 113,846 113,210
have advanced to 25c. on the spot, with sales to arrive at 24@ New York
913
Boston
739
185,659
232,161
5,015
7,945
24%c.; nutmegs and cassia have been in fair demand, and the
Baltimore
556
26,109
52,174
3,894
1,005
latter is scarce. Molasses has been dull and nominally
749
384
81,206
5,716
94,358
7,123
Philadelp’a,&c.
unchanged. Bice has sold to only moderate extent at the
Total
4.811 4,665.835 13,062 5,788,585
155,568 227,970
prices of last week; some new Louisiana has been received, but
Actual count.
buyers prefer foreign at the lower prices. Raw sugar has been, In order that comparison
may be made with other years, we
only fairly active and closes very quiet at unchanged quota¬ give below the totals at leading ports tor six seasons.
tions, fair to good refining standing at 7 3-16@7%c.
1877.
1882.
1881.
1880.
1879.
1878.
Receipts at—
•••••■

*

Hhds.

Receipts since Aug. 1

Sales since Aug. 1

BtOCkAug. 9,1882
Btock Aug. 10,1881

Refined sold

7,835
10,005
80,578
108,452

Boxes.

5,455
7,704

Bags.
Mtlado.
4,227

511,030
1,072,294

213
178

Galve8t’n,&c.

1,052

2,078

587

2,231

984

179

New Orleans.

539

3,435

814

249

578

352

Mobile

204

499

297

20

242

104

Savannah....

386

81

551

159

1,866
1,513
freely at one time, and a decline that
326
16
316
257
740
Charl’st’n, &c
348
place early in the week was recovered, but latterly the
94
421
15
110
98
58
Wilm’gt’n, &c
demand has fallen off and prices have again receded; crushed
308
615
200
834
1.629
Norfolk, &c..
1,088
and cut loaf closed at 9%c., cubes and powdered at 9/£c., granu¬ All others....
211
950
591
3,109
3,594
3,429
lated at 9}£c., and standard soft white “A” at 8%c.
Tot. this w’k.
1,733
4,657
4,811
3,462
13,062
8,691
Kentucky tobacco has been quiet, the sales for the week being
8Jnce Sept. 1. 4665,835 5788,585 4908.575 4443,502 4267,816 3962,663
limited to 250 hhds., of which 175 for export and 75 for home
Galveston includes India .ola; Charleston includes Port Royal, &o.,*
consumption. Prices are nominally unchanged. Seed leaf has Wilmington includes Moreliead City, &c.; Norfolk includes City Foint, &o.
-been in rather better demand, on reports of injary by drought
The exports for the week ending this evening reach a total
of
18,774 bales, of which 15,644 were to Great Britain, 71 to
to the growing crop in New England. Sales 1,200 cases, as
France and 3,059 to the rest of the Continent, while the stocks
follows: 350 cases 1880 crop Pennsylvania, 10@20c., 100 cases
as made np this evening are now 155,568 bales.
Below are the
1880 crop New England wrappers, 14@33e., 150 case3 1880 crop
•
exports for the week and since September l, 1881.
Wisconsin, p. t., 200 cases 1880 crop Ohio, 6@10c., and 100 cases
Week Ending Aug. 11.
From Sept. 1,1881, to Aug. 11,1888.
1881 crop Ohio 5/£c., and 450 bales Havana, 88c. @$1 20.
Exported to—
Exported to—
Exports
Naval stores were quiet but uniformly steady ; spirits turpen¬
Conti¬
Great
Conti¬ Total
Great
Total.
from—
tine, 47c,; common strained rosin, ‘$1 85@$1 90 ; good do.,
nent.
Brit'n. Frap.ce
nent.
Week. Britain. France
$1 95@$2. Petroleum quiet for export at 7c.; crude certificates
04,793 262,090
182,147 15,145
declined a trifle to-day, with sales at 60^@61c., closing 60%@ Galveston
687
New Orleans..
1,838‘
2,525 673,406 273,278 224,051 1,150,795
60%c.; September options, 61%c.; October, 63%c.; October, Mobile
40,365
8,281
36,822
6,313
6634c.; December, 68%c. Iugot copper steady at 1834@ 18%c. Florida
4,7i8
4,706
for Lake. Hops were firm at 50c. for choice State 1881, for Savannah
182,705 888,625
138,600 17,230
131,810 315,404
export, with brewers paying 51@52c. on time.
Charleston *...
159,822 23,772
63,833
Ocean freight-room was again lower, and the movement was Wilmington...
8,819
53,584
1,430
831,817
17,358
moderate. Tonnage is not plenty, but the calls are also not
]
Norfolk
311,879
2,580
608,008
71
11,381
2,372 13,824 452,681 33,331 117,083
large. Grain to Liverpool, by steam, 4d.; bacon, 20s.@25s.; New York
155,422
4
718
778
153,418
cheese, 25s.@35s.; flour, 15s.@17s. 6d.j cotton, %d.@5-32d.; Boston
961
59,063 152.271
447
447
92,217
grain to London, by steam, 6^d.; do. to Glasgow, by steam, Baltimore
80,698
400
89,206
1,200
4d.; do. to Cork, for orders, 6s. 4/£d. per quarter; do. by Philadelp’a,&c 1,2C0
71
Total
15,644
3,059 18,774 2,350,641 379,040 806,442 3,539,123
teamer, to do., 6s.; do. to Antwerp, by sail, 5s. Crude petroeum to Rouen, 4s. 6d.; refined do, to
Total 1880-81 17.890
1! 1.926 19 922 2.823.050 553,672 1.130.132 4.507.464
Gottenburg, 4s. 6d.; do.
to London, 4s.
Includes exports from Port Royal, &c.
more

took




,

,

‘

...

•

•••••

......

.

.

«

•

,

,,,

,

•

•

•

.

.

•

•

•

•

...

•

•

.

......

•

.

TT....

1

*

THE

1882.]

AUGUST 12,

CHRONICLE.

above exports, our telegrams to-night also give
nq the following amounts of cotton on shipboard, not cleared, at
We add similar figures for New York, which
the ports named.
are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver Street.
In addition to

00
SO

0*000 2.

oSe.g'
g-88?

ao

P

5’

OB -

fggf

ItOOD

m® ® Cj
® ®

cr?^ e+.

®
®

■g
JO

c
e-h

£

pifE/iq

no
9

191

.

jo

.

Pi

*

03

£■-

3

►3

35

®
-

Shipboard, not cleared—for
Leaving

H> AT—

AUG.

Great
Britain.

Charleston
Savannah
Galveston......
Norfolk

.3,250

York

570

Other ports

16,086 1
2,820 (

Total 1891.....
Total 1880

None.
None.
Noue.
Noue.
None.
None.

1,150
150

383

4,039

Total

Other

Foreign

383
None.
None.
None.
None.
None.
None.
None.

219
None.
None.
None.
None.
None.

New Orleans....
Mobile — -----

New

France.

Coast¬
wise.

799
300

1,726
4,405

723
None.

121
None.
50
150
None.
Noue.
None.
None.

FnaS*?

294
-

1,603
109.446

720

14,273

18,905
7,915

390

ob©

1,080

4,400

149,525

209,065
144,126

Sat*

Mon Tues

Ordin’/.$Ib lOUlfi lOHie lOiiie

Strict Ord..
Good Ord..
Btr. G’d Ord
Low Midd’g
Btr.L’w Mid

lllfi

Ilia

1118

Sat.
11

Wed

Til.

Frt.

Wed

Ordin’y.$!b 10^8

Strict Ord..
Good Ord..
Btr. G’d Ord
Low Midd’g
Btr.L’w Mid

Middling...

105a
1050 1015x6
H116 llhe lOlie 1130
ll78
1178
1178 123X0
125,6 125iQ 12°i0 125a
13

Midd’g Fair 141e

1478

13

13

1338
1358
14*8
1478

1338

1350

12%

135x6
1311x6

1315le
14716

1478

153,6
Sat.

Ordinary

$ lb. 10%6

Strict Good Ordinary
Low Middling....

llie

11

12%

12%

12%

13%
1338
13%

13%
1338
13%

13%

13%

1330
13%

13%
1330
13%

1330
13%

14

14

14

14

14

14%
15%

14%
15%

14%
15%

14%
15%

14%
15%

Th.

Frt.

Wed

Tit.

1138

1138

113s

1250

1250

13

13

13

13

iSSij.

Mon Tnei Wed

105,6 106x0

11%

11%

Th.

10%

10%

HI 16

Hi 16

11%
lli'hs 111316 1113x0 11% 11%
1213x0 1213,0 1213x0 12iiie 1211i6 121116

Middling....?.;;

MARKET AND SALES
SALKS OF SPOT AND TRAN8IT.

8POT MARKET
CLO8ED.

FUTURES.

Ex¬

OonSpec- Tran¬
port. tump. ul’t’n sit. Total.

Sales.

Deliv¬
eries.

to to

to to

cb CD

©00

M 00

©CO
00 -J

M
cd

I ©©

bo
O
o

.

Quiet

Steady at %6 dec

Easier
Easier

Total

107
600

391
328
860
516
664
738

1,857

3/497

i‘50

Dull
Easier

i,6¥o

The daily deliveries given above
vious to that on which
are

are

....

....

....

....

....

....

34

....

34

....

301
478
860

1,516
771

1,372

15,200
22,300

34,600
59,400
55,000
43,000

5,388 229,500

too

totoS

oo

obo

obobO

1,500
1,500
2,100
700
900
500

7,200

aotnally delivered the day pre¬

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!

•Includes sales in September, 1881. for September, 314,000; Septem
ber October for October, 416.400; Sepfcember-November for November,

511,200; September December for December, 1,479,100; September,
January for January, 4,252,500; September-February for February,
2,230,100; September-March for March, 4,411,100; Septemher-Aprilfor April, 3,533,800; Septemher-May, for May, 3,295,800; SeptemberJune, for June, 2,779,700; September-July, for July, 1,970,700.
Transferable
Orders—Saturday, 13c.;
Monday, 13c.;
Tuesday*
12 90c.; Wednesday, 12*80c.; Thursday, 12*90c.; Friday, 12*85c.
Short Notices for

August- Friday, 12 82® 12’83c.
August—Monday, 13 04c.; Tuesday, 12 94® 12a93o.
Wednesday, 12*93®12*83c.;Thursday, 12#89c.; Friday, 12’89c.
“

Bat..
Mon
Tnes.
Wed.
Thurs
Fri..

o
MM

ocob

Frt.

10%

<i
I-*!-*

to to

133x0
135x6
131116
131513
147x0
153,6

llhe

6©

C QD M

113a

125s

133i0 133i0
135i6 1?516 13&X6 135i0
1311x6
1311x6 1311x0
1315,0 131oxe 1315i0
14710
14716 14716
153,0 1d3i6 153,0 1o316

H* l-*

m ,o ®

Wc^1

-b-b

Frt.

1250

00

-J

*—* H-»

•

cb°

©O

•

to to

123x6 123x6 123i0 123i0 12316
125Q

Ox

o

to to

101516 1015,6 1015ie 10i5xe 1015x0

113s

j——

tooni

00

oxo

11

117x6

grig

f1

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Hi.01

®

'

00

H7i« 117X6

-3©
<5 o;

3 ©©P

00 GO

Mon. Toes

11

® •

to to

©

121116 1211x6 1211x6 1211X6 1211,6
131X6 131x0 13ilQ 131x6 13116

13

1418

STAINED.
Good

12%

121ii6 12lti6 12it16
1278 1278 1278 133i0 133i0
13

Good Mid.. 1338
Btr. G’d Mid 1358
Fair

11

U716 11716 1171«

U1516 1U516 1115,6 12%
1238
123a
123s
1211x6
12%
12%
1234
131i6
121&16 121516 12i5le 13%
Middling... 13116 13116 13116 1338
Good Mid.. 13710 137i6 137i6 13%
Btr. G’d Mid 131116 1311x6 1311x6 14
Midd’g Fair 14316 143x6 143i6 14Lj
Fair
1415,6 1415,6 1415x0 15%
•

Mon|Taes
11

Sat.

I

.

wto

©

Aug. 5 to
Aug 11.

BnbS
*25.
ooO*

M©
oT
C ^0X2.

oo

e:
oq

obob

to

TEXAS.

^

co

00

number of

NEW ORLEANS.

P*—,5

co

speculation in cotton for future delivery has been kept
within narrow limits during the past week. The Liverpool
market was closed on Saturday and Monday, and there are a

UPLANDS.

ss„§

ox

The

Prices have
leading operators out of town.
declined. The absence of demand has left the bull party with¬
out support.
Liverpool showed a feverish and unsettled
market, and latterly crop accounts have much improved.
There was on Wednesday an effort to check the decline, but
it had only a temporary success. Yesterday, however, the
bull party seemed to recover confidence, and, aided by a
demand to cover contracts, prices advanced 6@8 points. To¬
day the market was dull and weak. Perhaps the most impor¬
tant feature of the market this week is the decline of “ no
notice for August,” from 13*04c. on Saturday to 12*83c. on
Wednesday, followed by a partial recovery. Cotton on the
spot declined l-16c. on Wednesday, leading to more activity.
To-day the market was quiet and easy, middling uplands
closing at 13c.
The total sales for forward delivery for the week are 229,500
bales. For immediate delivery the total sales foot up this week
5,3S8 bales, including 1,857 for export, 3,497 for consumption,
34 for speculation and
in transit. Of the above, — bales
were to arrive.
The following are the official quotations and
sales for each day of the past week.

g) CO®

CHq®

1,434

None.

6,043

P

<**3 S’-

I

2 W

866
402

P ®-

p •

® •

p.

S3*® oo a>

g-g*

:

«: O

•

20,421

50
150
None.

321

1,300

Stock.

Total.

03 C2 ®

p

i
oo

o"2 £®

®

:
•

On

CTjaoS

SS-I’B®
SS.®

No Notice ” for

The following exchanges

have been made during the week:

*64 pd. to exch. 100 Oct. for Sept.
•05 to exch. 200 Aug. regular for
notice.
•07 pd. to exch. 100 Aug. regular
Aug. no notice till 25th.
for Aug. no notice.
•34 pd. to exch. 100 Dec. for Mar.
•32 pd. to exch. 200 Sept, for Aug.
•08 pd. to exch. 100 Deo. for Jan.
•08 pd. to exch. 600 Aug. regular
for Aug. no

The Visible Supply of Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks aie the figures
The Sales and Prices op Futures are shown
by the follow¬ of last Saturday, bnt the totals for Great Britain and the afloat
ing comprehensive table. In this statement will be found the for the Continent are this week’s returns, and consequently
daily market, the prices of sales for each month each day, and brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Aug. 11), we add the item of exports
the closing bids, in addition to the daily and total sales.
from the United State8*
in it the exports of Friday only %




they

reported.

THE CHRONICLE

192
bales.

Btook at Liverpool
Btook at London

1882.

1881.

669.000

767.000
40,900

69,100

- - -

2,600

4,300

5,000

52.600

38,000

26 500

36,700

16,100
2.880

29,100

Total continental ports....

United States exports

3,600

8,740

36.600

59.100

981

400
100

10,700

26,400

6.200

337,900

228,401

196,400

969,800 1,145,800
300,000 231,000
64,000 137,000

979,601
181.000
93.000
-14.000

717,840
315,000
31.0(H)
2,000
101.125

600

3.900
2.500

19,500

231,700

23,000

10,000
2,100

to-day..

151,989
35,473

227.970
43,365
3,800

155,568
17.125

Btook in United States ports ..
Stock in U. 8. interior ports...

751.200
71,200

807,900
187.000

2,000

Egypt.Brazil,&o.,aflt for E’r’pe

52,410

36.600
14.200

738,100
130,000
1,200
25,000

Receipts from the Plantations.—The following table i8
prepared for the purpose of indicating the actual movement each
week from the plantations
Receipts at the outports are some¬
times misleading, as they are made up more largely one yearthan another at the expense of the interior stocks. We reach
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports.
F

1879.

469.000

521.440
106.000
2,100
22.500
3,500

Total Great Britain stock
Btook at Havre
Btook at Marseilles
Stock at Barcelona
Btook at Hamourg
Btook at Bremen
Btook at Amsterdam
Stook at Rotterdam
Btook at Antwerp
Stock at other conti’ntal ports.

Total European stocks.. ..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe

1880.
696.000
55,200

receipts from plantations.

Week

mdino—

11,477

367.000

593,000
239,000
137,000
227,970

469,000
118,000
93.000
151,989

43,365

35,473

36,851

13,981 153.947 147.473 104,018

23,674
18.5S0

32,642

16

19,870

28.218

15.950 140,127 136.470
15,624 123,764 109,3^0
13.658 103,909 96,947

«

23

23.511

23.476

13,869

It

30

17.057

20,662

7

14,070

19,163

9,288
9.586

67,833
81.179

91,230
78.617

83,394
72,408
59,550
50.417

77.036

72,391

42,843

18S2.

21,639

15

15,785

2,564
5,517
5,433
2,672

9.515

2.342

7,435

17.759

1,011

10.403

8.049
12.937

155
2.012

Ift

14

10,691

18.199

8,142

70,749

74.003

35.454

II

21

13.148

19.362

9,150

59.682

65.756

31.622

II

28

10,859

16.151

58.277

28.276

3,682

8.9 Si

17,818

44,324

52.441

24,146

801

11

8.691

13.062

6,126
4,815
4,811

52,505

4

19,811
11,115
8,672
11,982

38.800

48.273

21,093

3,167

s,894

693.793 1.244,135

867,462

635,602

31,0-0

101,125
11,477

Aug.
• 1

1.000

London stock

302.000
69,100

174,000
40,900

227,000
55,200

126,Oc*
52.440

Continental stocks
India afloat for Europe

143,700

9S.900

300,000

231.000
23,000

110,101
181,000

48,400
315,(00
2,0t 0

14^00

29,432

1881.

4,888
9,854
2,217

148.000

3,800

10,000

....

93.585

Plant’nt.

343.00U

Total American

Indian,Brazil, <&c.—
Liverpool stock

1880.

9,927
4,404
2.081

Continental stocks
American afloat for Europe....
United States stock
United States interior stocks..
United States exports to-day..
East

1882.

1881.

1880.

9

88,000
64,000
155.568
17,125

2,100

1880.

23,764

July

Liverpool stook

SVk atlnterior Towns. Rec'pts from

1882.

1,000

...1,518,593 1,911,935 1,455,063 1,179,412
Of the above, the totals of American and other descriptions are as follows:

Receipts at the Ports.
1881.

May 26
June 2

Total visible supply

American—

fV0L. XiXV.

753

5.318

2,780
985

1,438

The above statement shows—1. That the total

receipts from the
plantations since Sept. 1, in 1881-82 were 4,641,503 bales; in

1880-81 were 5,798,020 bales; in 1879-80 were 4,932,377 bales.
2. That, although the receipts at the out-ports the past week
were
4,811 bales, the actual movement from plantations was

only 1,438 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the planta¬
635,602 tions for the same week were 8,894 bales and for 1880 they
were 3,167 bales.
Total visible supply
1,518,593 1,811.935 1,455,063 1,179,412
Amount of Cotton in sight August 11.—In the table below
7ii6d.
6%d.
6%.l.
Price Mid. Upl„ Liverpool....
6i316d.
we give the receipts from plantations in another form, and
fly The imports into Continental ports this week have beer add to them the net overland movement to August 1, and
14,000 bales.
also the takings by Southern spinners to the same date, so as to
The above figures indicate a decrease in the cotton in sight
give substantially the amount of cotton now in sight.
to-night of 293,342 bales as compared with the same date of 1881,
1880-81.
1881-82. ‘
an increase
of 63,530 bales as compared with the corres¬
ponding date of 1880 and an increase of 339,151 bales as com¬ Receipts at the ports to August 11
5,788,585
bales. 4,665,833
Egypt, Brazil, &c., afloat

587.601
867.462

567.800
824,800
693,793 1,244,135

Total East India, &c
Total American

543 840

pared with 1879.

Interior stocks in excess of Sept. 1 on

At the Interior

Towns the movement—that is the

receipts

Total receipts from plantations
Net overland to August 1

and
the stocks to-night, and the same items for the corresponding
period of 1880-81—is set out in detail in the following statement:
Sept. 1, the shipments for the week,

for the week and since

Aug. 11.

Southern consumption to
Total in sight

August 1

August 11

*24,332

9.435

4,641,503

5,798,020

468,229

510,014

234,000

200,000

5,343.732

6,508,064

t

Total, Total,
all

Houstn, Brenham, Louisvle, Petrsbug, Raleigh, Newbry, Cincat,

new

1

Dals, Nashvile, Memphis, Selma, Macon, \ugsta,
J
e
t
r
s
o
n
,
old Louis, charlote, Gat
Ala Ga Columbs,
Ga Columbs,
Towns.
Ga
Gat
Mo
towns. O. C. Ala-. Mis,. Mis. La. Text. Texas— Teim. Ten. Ga.

Total,

Litle
Rock,

towns Tex.

N.

Tex. Ark. Ky* Va. C—
.

.

S.

Ct.

Rome, Atlan, Grifn, Eufal,

N.

Vicksburg, Shrevpot,

20 46 103

916 673 71

2,85723 582,07

1

2,674

CO

to

CClCtOWtOCSM

M
0
co
01

•

mm;

00 -4 O' 01

•

m

OOMtOMMCOrfi.

CO<1MMCOmXM

MM
MM
CO
co<iwjoroco^tccociMtoo'w^jceci©oi

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I

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aoccoMCGxci
-101 m 0100 00 <--*
c: m © co 00 m m

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COMM

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c: o' o'
o< m -j to co m m o> co
co c. m m m
bt

1

appearance of caterpillars is reported,
ditions have been favorable.
Galveston, Texas.—It has rained

wek. This

RSince ecipts. Movemnt

Sept.1,’3

to

'

>
Vi

7,023 1,245

M

•

IO tO
-0 O*.

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mo<xci:

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21,093 3,968
10,687 3,90

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Aug st
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Aug. Stock 182.
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01

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Aug st
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48,273

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These are only the net receipts at Louisville. The total gross
there since September 1,1881, have been about 307,000 bales,
about 268,000 bales for same time last year.
t This year's figures estimated.
*

hard on six days of the
past week, the rainfall reaching six inches and ninety-seven
hundredths.
We are having too much rain.
Caterpillars
have certainly appeared, but the injury done is as yet limited,
and, with fair weather, may amount to nothing. The showery
weather retards picking. New cotton received to date, 831
bales.
Average thermometer 79, highest 87 and lowest 70.
Indianola, Texas.—We have had hard rain on four days of
the past week. We are having too much rain. The tliermom
eter has ranged from 71 to 96, averaging 82, and the rainfall
reached two inches and eighty-nine hundredths.
Dallas, Texas.—Crops are good, but we are having too
much rain.
During the past week it has rained hard on three
days, and the rainfall reached one inch and 'fifty-five hun¬
dredths.
to 100.

The thermometer has

averaged 79, ranging from

Brenham, Texas.—We have had rain

CO

in amouut in sight

and the
but otherwise the con¬

[

1

m

September 1.
by tbe above that the decrease

to-night, as compared with last year, is 1,164,332 bales.
Weather Reports by Telegraph.—The crop still con¬
tinues to make satisfactory progress in most all sections.
There are complaints of too much rain at some points,

Montgm’ry.Ala

M
‘

Decrease from
It will be seen

*

St.

Aug. Stock 18 .
12.
receipt <
agains

58

(hard) on three days

fifty hun¬

of the past week, the rainfall reaching one inch and
dredths. We are having too much rain. We hear rumors
the appearance of caterpillars, but think them
very

of

of
little
thermometer has averaged 81, the highest

importance. The
being 95 and the lowest 66.
Palestine, Texas.—We have had light showers on three
days of the past week, the rainfall reaching thirty-seven hun¬
inch. Crops are as good as possible. Average
79, highest 90 and lowest 67.
Huntsville, Texas.—It has rained hard on two days of the
past week, the rainfall reaching two inches and fourteen hun¬
dredths. No' more rain is wanted.
Crops are good, lhe
dredths of

an

thermometer

ranged from 67 to 95, averaging 81.
l
Weatherford, Texas.—It has rained very hard on one day
of the past week. We are having too much rain, and farmers
are becoming greatly alarmed.
The thermometer has averaged
77, ranging from 59 to 95, and the rainfall reached two inches

thermometer has

and two hundredths.

t

days of the past wej^
the rainfall reaching one inch and fifty-three hundredths, vv
I Actual count.
The above totals shoyr that the old interior stocks have de¬ have had enough rain and do not want any more. Crops ar
creased during the week 3,024 bales, and are to-night 26,240 good. The thermometer has averaged 78, the highest being
*
bales less than at the same period last year. The receipts at 95 and the lowest 60.
the same towns have been 4,113 bales less than the same week
Puling, Texas.—We have had showers on two days n
the past week, the rainfall reaching thirty-five hundredths
last year, and since Sept. 1 the receipts at all the towns are
an inch.
We hear more rumors than ever of the appearan
£00,999 bales less than for the same time in 1880-81.




Belton, Texas.—It has rained on two

ADGUfeT

THE

12, 1882

think them of very little importance if we
weather. Picking is progressing finely.
Average thermometer 88, highest 95 and lowest 70.
New Orleans, Louisiana.—It has rained on five days of
the past week, the rainfall reaching one inch and sixty-nine
hundredths. The thermometer has averaged 80.

caterpillars, but
ran only have dry

Shreveport,

Louisiana.—The weather has been fair during

and light rains. The
rainfall reached one inch and twenty hundredths. Crops are
in fine condition.
The thermometer has ranged from 68 to 92.
Vioksbu'rg, Mississippi.—Telegram not received.
Columbus, Mississippi— In has been showery on two days
of the past week, the rainfall reaching thirty-nine hundredths
of an inch. The showery, cool and cloudy weather is very
unfavorable for cotton. Average thermometer 82, highest 92
and lowest 68.
Little Rock, Arkansas.—We have had rain on three days
of the past week, and the remainder of the week has been fair
to clear.
The thermometer has ranged from 59 to 89, averag¬
ing 75. Last week it rained on four days, and the rainfall
reached one inch and fifty hundredths. The thermometer
averaged 77, and ranged from 66 to 88. During the month of
July it rained on thirteen days, and the rainfall reached five

the past

week, with increasing cloudiness

inches and
62 to

eight hundredths. The thermometer ranged from
averaged 76. There was most too much rain for

94, and

vUlv'-'***

Memphis. Tennessee.—It has

week, on two of

rained on five days of the past

which severely, and the rainfall reached

eiglity-two hundredths of an inch.
The thermometer has
averaged 78, ranging from 64 to 89.
Nashville, Tennessee.—The weather has been too cold. We
have had rain on three days of the past week, the rainfall
reaching one inch and ten hundredths. The thermometer has
averaged 76, the highest being 88 and the lowest 61.
Mobile, Alabama.—Telegram not received.
Montgomery, Alabama.—We have had showers on five days
of the past week, the rainfall reaching seventy-four hun¬
dredths of an inch. Complaints that we are having too much
rain are more frequent, and, while no serious damage has been
done, undoubtedly much damage is feared if the rain contin¬
ues much longer.
Rust is reported. The first Alabama bale
was received from Ray’s plantation, near Montgomery, on
Tuesday night, and was sold on Wednesday to Clisby & Co.
at 33 cents per pound, and was by them shipped to Henry Hentz
& Co., New York.
It classed middling. The thermometer
has ranged from 67 to 91, averaging 78.
Selma, Alabama.—We have had rain on three days of
the past week, the rainfall reaching forty-one hundredths of
an inch.
There are some reports of too much rain. The ther¬
mometer has averaged 77.
Madison, Florida.—We have had rain on one day of the
past week. Picking is progressing finely. We hear rumors
of the appearance of caterpillars, but think them of very little
importance. The thermometer has averaged 88, the highest
being 100 and the lowest 76.
Macon, Georgia.—It has been showery on three days of the
past week. The crop is developing encouragingly.
Three
bales of new crop cotton have thus far been received.
Aver¬
age thermometer 88, highest 99 and lowest 79.
Columbus, Georgia^—It has rained on four days of the past
week, the rainfall reaching one inch and ninety-two hun¬
dredths. We are having too much rain. The thermometer
has ranged from 77 to 94, averaging 82.
Savannah, Georgia.—It has rained on two days of the past
week, and the remainder of the week has been hot. The rain¬

-

fall reached

one

inch and six hundredths.

193

CHRONICLE.

The thermometer

The bale was raised by W. C. Ray, Jr., of Montgom¬
county, and classed middling.
Last year the first bale
received at Montgomery July 30.

this city.
ery
was

Florida

New

from Florida

was

Cotton.—The first bale of new crop cotton
received at Columbus, Ga., by J. W. Woolfolk,

Monday, August 7. It was shipped by John Milton of Jackcounty, Florida, per steamer Rebecca Everingham. The
bale weighed 500 lbs., classed middling, and was sold to William
M. Griggs at 12% cents per pound. Last year the first new
cotton (5 bales, of which 3 were from Florida) was received at
on

son

Columbus August 5.
August Report
tural

of

Agricultural

Department issued on the 10th inst. its cotton condition

report for the first of August.

telegraphed, is
The

as

follows

The full text of the report, as

:

August crop returns of the Department of

Agriculture

the work of about 6,000 correspondents, give estimates covering
the entire producing area of over 1,500 of the principal agricul¬
tural counties of the United States upon the condition of most
of the crops now growing.
Cotton.—The condition of cotton has improved during
the past month. The general aveiage has advanced from 92 to
94. This is higher by three points than in August of 1879 and
lower by eight than the August average of 1880. It is also two

points lower than at this date in 1875 and one lower than in
1878, but is higher than in the five other years since 1872.
The average condition of each State is as follows: Virginia,
84; North Carolina, 84; South Carolina, 98; Georgia, 94; Florida,
87; Alabama, 99; Mississippi, 91; Louisiana, 93; Texas, 100;
Arkansas, 96; Tennessee, 86. Only North Carolina, Florida and
Louisiana show decline. Virginia has gained 4, Georgia 2,
Alabama 6, Mississippi 4, Texas 3, Arkansas 6, and Tennessee 8.
South Carolina has tne same average as in July.
There is no injury from drought except in slight degree in a
few districts in Texas. In the northern and eastern divisions of
that State there has beei^excess of rain, causing too vigorous
growth of stalk, delay in fruiting and sometimes shedding of
bolls. In the entire cotton belt there is reported excess of
moisture, injurious in proportion to retentiveness of soils. This
cause accounts for the comparative low condition in North
Carolina, where it is now deemed too late for entire recupera¬
tion.
Rust begins to appear in the districts where rains have
been in excess, but without damage as yet.
The caterpillar has made its appearance in all the States of
the Gulf coast, and, though no injury has resulted, many appre¬
hensions of future loss are expressed. The boll worm is also
mentioned in several States.

large number of the returns are highly favorable, prophe¬
sying a crop “ as large as the land can produce,” or “ better
A

years.”
Collecting the three months’ figures of the present season,
and comparing them with the reported condition for the same
months of last season, we have the following results :
than for many

1681.

1882.
States.
June.

82
92
89
97

North Carolina
South Carolina

Georgia
Florida

."

July. Aug.
90

98
92
92

84
98
94
87
99
91
93
100
96

Aver.

June.

85*3
9G-0
91*7
92*0
95-7
88-9
930
96-7
903
81*3

96
88
92
100
102
94
90
89
90
93

July. Aug.
94
93
98
99
102
94
96
89
92
105

89
81
92
100
95
89
87
79
85
98

Aver.

930
87-3
940
99-6
99-6
92-3

93
95
Alabama
averaged 86, ranging from 75 to 96.
87
88
Mississippi
Augusta, Georgia.—The weather has been warm and Louisiana
910
96
90
85*6
93
97
sultry with light rain on three days.
The crop is developing Texas
89-0
85
90
promisingly, accounts continue favorable and prospects are Arkansas
98*6
80
78
86
good for a fine crop. The thermometer has averaged 82, the Tennessee
95
93
92-0
highest being 94 and the lowest 72, and the rainfall reached
917
88
92
94
89
Average
ninety-nine hundredths of an inch.
Atlanta, Georgia.—It has rained on five days ef the past
European Cotton Consumption to August 1.—We have re¬
week, the rainfall reaching seventy-seven hundredths of an ceived by cable to-day Mr. Ellison’s cotton figures brought down
inch. Average thermometer 75, highest 88 and lowest 66. It to
August 1. The revised totals for last year have also been
rained on every day of last week, and the rainfall amounted
received, and we give them for comparison. The takings by
to two inches and seventy-five hundredths.
spinners in actual bales and pounds have been as follows:
Charleston, South Carolina.—We have had no rain during
the past week.
The thermometer has ranged from 75 to 97,
Continent.
Total.
Great Britain.
From Oct. 1 to Aug. 1.
averaging 85.
The following statement we have also received by telegraph,
For 1881-82.
2,964,290
2,659,120
5,623,41
showing the height of the rivers at the points named at 3 o’clock Takings by spinners...bales
430
415
423
August 10, 1882, and August 11, 1881.
Average weight ot bales....

has

-

Department.—The Agricul¬

*>,

1,274,644,700 1,103,534,800 2,378,179,500
Aug. 10, ’82. Aug. 11, ’81.
%

New Orleans

Memphis
Nashville

Shreveport

Vicksburg

.Below liigh-water mark
.Above low-water mark.
.Above low-water mark.
.Above low-water mark.
.Above low-water mark.

Feet.
5
16
8
10
24 f

Inch.
4

•

10
5
8
0

Inch.
Feet.
No g auge.
11
8
1
0
1
0
Miss ing.

For 1880-81.

Takings by spinners., .bales

2,664,440

2,538,120

5,202,560

hales,...

450

429

439

Average weight of
Takings in pounds

1.199,998,000 1,087,317,360 2,286,315,360

According to the above, the average weight of the deliveries
pounds per bale to August 1, against
New Orleans reported below high-water mark of 1871 until
450 pounds per bale during the same time last season.
The
Sept. 9,1874, when the zero of gauge was changed to high-water Continental deliveries average '415 pounds, against 428 pounds
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
last year, and for the whole of Europe the deliveries average
1871. or 16 feet above low-water mark at that point.
423 pounds per bale, against 439 pounds during the same
New Alabama Cotton.—The first bale of new cotton was re¬ period last season. In the following table we give the stock
held by the mills, their takings and their consumption, each
ceived at Montgomery on Tuesday, August 8. It was sold the
month* since October 1, all reduced to bales of 400 pounds each
following day to Messrs. J. H. Clisby & Co. for 33 cents per for this season and last season. It is a very convenient and
^
pound, and by them expressed to Messrs, Henry Hentz & Co, of useful summary.




in Great Britain is 430

THE CHRONICLE.

191
Oct. 1 to Aug.
Bales of 400 lbs.

each.

Great

000$ omitted.

Conti¬

Total.

Great

Conti¬

Britain

nent.

very

Total.

Britain

nent.

25,
336,

240,
133,

265,

27,

112,

469,

271,

129,

139,
400,

373,

734,

Consumption in Oct..

361,
280,

232.

512,

298,
264,

241,
216,

539,
480,

Spinners’ stock Nov. 1
Takings in November.

81,
363,

141,
308,

222,
671,

34,
314,

25,
237,

59,
551,

444,
280,

449,
261,

893,
541,

348,
264,

262,
216,

610,
480,

164,
338,

188,
307,

352,
645,

84,
382,

46,
331,

130,
713,

466,
349,

377,
276,

843,
625,

Spinners’ stock Oct 1.
Takings in October...
Total supply

Total supply
Consumption in Nov

.

Spinners’ stock Dec. 1
Takings in December.

,

Crops in Hampton County.—"Crop reports from every seotion at*
encouraging. Corn and cotton are growing and maturing ranidiv
and ere long the fleecy staple will be rolling in. Let it roll.”
The Crop in Anderson County.—"The crop prospects are particular,
The

1880-81.

1881-82.

1.

iVol. XXXV.

fine at this time.”
Sea Island Cotton.—Messrs. Whitte Bros, received,

^

Aug. 4, throne

Major Carl Berlin, from Edisto Island, a fine boll of Sea Island cotton
It was a large and fruitful specimen, and indicates that the crop there i*
progressing favorably.
18
The Crop in Sumter County.—“Mr. R. P. Monaghan, of Sumter 8 0
sent, August 8, to the office of the News and Courier a fine specimen of
the new cotton crop, consisting of a number of large bolls, some of which
have opened and snow the fleecy staple in luxuriant abundance while
others are well developed and will soon be ready to give up their valu
able contents. The plants and fruit look remarkably healthy and give

8

promise of an abundant crop.”

Georgia.—Our correspondent at Forsyth, Monroe Co., says:
The weather was quite favorable during July. There has been a

“

decided

improvement m the prospects of the cotton orop.”

-

Alabama.—The Mobile Price Current of the 5th inst. says:
Crop advices from this district continue favorable on the whole
and, although showery weather prevails generally, and exceptionally
heavy rains have fallen in a few localities, there is as yet no report of
actual injury to the cottou plant therefrom.
Caterpillars have been
seen occasionally in various sections but they are what is called the
‘first crop,’ and have, of course, done no damage. Many farmers are
providing themselves with ‘worm poisons’ of various kinds to combat
the next crop of the destructive pests, which may be expected to appear
“

Total supply
Consumption in Dec..

502,
350,

495,
261,

997,
611,

Spinners’ stock Jan. 1
Takings in January..

152,
261,

234,
253,

386,
514,

117,
269,

101,
241,

218,
510,

Total supply
Consumption in Jan..

413,
280,

487,
232,

900,

386,

512,

272,

342,
218,

728,
490,

J3pinners’ stock Feb. 1

133,
283,

255,
242,

388,
525,

114,
289,

124,
313,

238,
602,

416,
280,

497,
232,

913,
512,

403,

Consumption in Feb.

437,
230,

840,
500,

Crop reported as being in very fine condition.”
*
From the Louisiana press we take the following remarks
about the crop:

Spinners’ stock Mar. 1
Takings in March

136,
418,

265,
337,

401,
755,

133,
335,

207,
310,

340,
645,

Ouchita Telegraph.—“Cotton looks luxuriant
Macltsville (Avoyelles parish) Review.-“The
the parish is very promising.”

602,

1,156,

468,

Consumption in Mar.

554,
350,

290,

640,

337.

517,
272,

985,
609,

Spinners’ stock Apr. 1

204,

Takiftg|» in April

312,
270,

516,
531,

131,
265,

245,
263,

376

261,

Total supply

o82,

1,047,

Consumption in April

465,
280,

262,

*542,

396,
284,

508,
238,

904,
522,

Spinners’ stock May 1
Takings in May

185,
295,

320,
300,

505,
595,

112,
306,

270,
351,

382,
657,

430,

620,

1,100,

236,

516,

418,
272,

621,
232,

1,039

280,

Takings in February.
Total supply

Total supply

Total

supply
Consumption in May.

270,

-

528,

504

Spinners’ stock June 1
Takings in June

200,

594,
771,

146,
297,

389,

376,

384,
395,

535

,334

631,

Total supply
Consumption in June.

576,
363,

779,
334,

1,355,
697,

443,

723,

1,166,

340,

in about three weeks.”

Louisiana.—Our

correspondent at Shreveport, Caddo parish,

says:
“

and is fruiting well.”
cotton crop throughout

Tennessee.—First cotton blooms were taken to Nashville

on

by Mr. J. Gr. Brown from Gladesville, Wilson Co.
of condition of the crop in North Texas
for the week ending August 5, as issued by the Dallas Board of
Trade, is as follows:
the 4th inst.,

Texas—The report

‘•Rain has fallen iu some of the centre counties,
the counties the weather has been clear, with

but iu the majority of
the days hot and the
nights cool. Cotton has made rapd progress in growth of weed and
fruiting.” * * * “The prospects continue favorable for a full crop,
which can now only fail through the ravages of the boll worm.” * * *
The farming interests generally of North Texas were never in such a
flourishing cendition, with every reason to believe that this w.ll be the
most prolific year since the country was first cultivated.”
“

Picking has made very good progress and in the southern
new cotton seems to move very freely.
The
receipts of new cotton at Schulenburg, Fayette, up to Aug. 5,
were according to a Gaveston Daily News special, 392 bales.

half of the State

New York Cotton Exchange.—On

July 2 we announced that
Cyrus
&
Co.
had
declared
their
inability to meet their
445,
103,
536,
213,
658,
433,
Spinners’ stock July 1
213,
468,
255,
269,
209,
478, engagements during the adsence of the senior member of the
Takings in July
Total supply
468,
658,
1,126,
372,
642,
1,014, firm, but that there was no doubt of their paying in full and of
524,
276,
232,
It now transpires, on Mr. Cyrus’ re¬
240,
508, continuing the business.
Oonsumption in July. 284,
turn,
that
the
suspension
was
caused by the partner not having
184,
418,
602,
96,
410,
506,
Spinners’ stock Aug.l
acted strictly according to instructions.
He subsequently
The comparison with last year is made more striking by.
effected a settlement by partly paying cash and partly in
bringing together the foregoing totals, and adding the average
acceptances ninety days from July 8. Mr. Cyrus has taken np
weekly consnmption np to this time for the two years.
the notes at once, dissolved the partnership, and will act hence¬
1881-82.
1880-81.
Oct. 1 to Aug. 1.
forth as broker ia his own name of Frederick Cyrus.
Two
Bales of 400 lbs. each.
Great
Conti¬
Great
Conti¬
000$ omitted.
Total.
Total
applicants for membership will be balloted on next Monday,
Britain
Britain
nent.
nent.
August 14, and one seat is advertised for transfer.
25.
27,
265,
112,
139,
Spinners’ stock Oct. 1.
240,
The following visitors to the Exchange were introduced this
290,

630,

Messrs.

3,186,

2,758,

5,944,

2,997,

2,718,

5,715,

Supply

3,211,

2,998,

Consumption

3,027,

2.580,

6,209,
5,607,

3,024,
2.928,

2,830,
2,420,

5,354,
5,348,

184,

418,

602,

96,

410,

506,

58,0

128,0
128,0
128,0
128,0
128,0

66,0
66,0

54,0
54,0

68,0

54,5

In Maroh

70,0
70,0
70,0
70,0
70,0
70,0

In

70.0

6S,0
68,0
67,5
68,0
68,0
69,0

54,5
54,5
54,5
56,0
58,0
58,0
53,0

120,0
120,0
122,5
122,5
122,5
122,0
124,0
126,0
127,0

Takings to Aug. 1..

..

Spinners’ stock Aug. 1
Weekly Consumption.
00$ omitted.
In October
In November
In December
In

January
In February

In

April
May

70,0
71,0
71,0

58,0

5S,0
58,0
58,0
58,0
59,0
59,0
60,0

128,0
129,0
129,0

week

:

William Hill, Henderson, Texas.
Louis Young, Charleston.
8. Lesser, Augusta, Ga.
J. R. Perry, Mayer, Dundas.
C. H. Crisman, Memphis.
N. H. Dobson, Mobile.

George Dobson, St. Louis.
N. B. Sligb, Galveston.
J. A. Arbuckle, do.
C. F. Carter, Dallas, Texas.
J. I. Moses, Savannah, Ga.
N. P. Wade,
do.
W. Frohlich, Memphis.
T. H. Brown, Atlanta, Ga.

C. C. Kibbee. Hawkinsville, Ga.

H’y. S. Holme.-1. Charleston.
E. R. Stamps, North Carolina.
Mr. Whiting,
do.
W. R. Jones, Memphis.
Jasper Miller, Spartanburg.
J. C. Crenshaw, Jr., La Grange,Gi.
Thos. E. Sturgeon. Texas.
B. Stransburger, Montgomery.
W. D. Reynolds, Norfolk.
Frank Fitzhugh, Paris, Texas.
H. H. Cobb. Clayton, Ala.
Ralph Johnston, Eufaula, Ala.

Jute Butts, Bagging, &c.—Bagging has continued to move
off quite freely in a jobbing way, but it is difficult to place any

large quantity, except at a concession, which sellers are not
willing to make. Orders are coming in quite freely, and prices
In July
69.0
60,0
127,0 are
fairly steady at the close, with sellers asking 7%e. for Vfa
The foregoing shows that the weekly oonsumption in Europe lbs.r 8/4c. for 1% lbs., 9c. for 2 lbs. and 10c. for standard
remains at 131,000 bales, of 400 pounds each, against 127,000 grades. Butts are in the same position, and though the demand
bales last season, and that the stocks at the mills are still in is not very active, the market is very firm, and nothing less than
a full price will be accepted.
excess of a year ago, although the difference is less than last
A lot recently forced on the mar¬
month.
ket brought well up to a full price. For jobbing wants the
Condition of Cotton.—The following from our correspond¬ demand is fair, and sellers are still quoting 2^@2%c. for paper
ents and exchanges indicates the condition of cotton at the grades and 2%@2%c. for bagging qualities, some holders asking
up to 3c.
beginning of August:
Comparative Port Receipts and Daily Crop Movement.—
North Carolina.—Our correspondent at Kelly’s Cove, Bladen
A comparison of the port movement by weeks is not accurate
County, says:
as the weeks in different years do not end on the same day of
“Cotton, although late, is now looking well and boiling finely.”
the month. We have consequently added to our other standing
The Weldon (Halifax County; News says:
tables a daily and monthly statement, that the reader may
“The crops are getting along well in this section.”
constantly have before him the data for seeing the exact relative
South Carolina
The following we take from the Charleston movement for the years named.. The movement each month
JLews and Courier:
since September 1, 1881, has been as follows.
In June




—

131,0
131,0

August 18,

THE

1858.]
Tear Beginning September 1.

Monthly
Receipts-

1881.

1880.

1879.

gept’mh'r

425,770

458,478

October..

837,349 968,318
951,078 1,006,501

333,643
888,492
942,272
956,464

Novemb’r
Decemb’r
January

CHRONICLE.

933,140 1,020,802
571,701
543,912
291,992
572,723
257,099 476,582
147,595 284,246
113,573 190,054
68,679
131,871
78,572
36,890

.

February.

March...

April....
May
June

July

1878.

647,140
447,91S
261,913
158,025
110,006
88,455

54,258

1876.

98,491

236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194

578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314
42,142

779,237

893,664
618,727
566,824
303,955
167,459
84,299
29,472
13,988

Alexandria Receipts and
Shipments.—-Through arrangements
have made with Messrs. Davies,
Benachi & Co., of Liverpool
and Alexandria, we now receive a
weekly
cable of the movements
of cotton at
Alexandria, Egypt. The following are the receipts
and shipments for the
past week and for the corresponding week
of the previous two years.
we

1877.

288,848
689,264

195

Alexandria, Egypt,
August 10^

1881-82.

This week....
Since Sept. 1

1,500

2.831.720
This
week.

36,030
17,631

1879-80.

Receipts (cantars*)—

68,939

20,240

1880-81.

2,775,000

Since

This
week.

Sept. 1.

3,204,000

Since

This

Since

Sept. 1.

week.

Sept. 1.

Exports (bales)—
To Liverpool
To Continent

Total year 4,657,377 5,759,853 4,891,586 4,435,737 4,258,486 3,957,386
Perc’tage of tot. port
98-05
97-79
99-74
97-99
receipts July 31 .
9800

Total Europe
*

245,900
176,271

2,000 248,750
154,705

250 292,030
809 177,397

422,171

2,000 403,455

1,059 469,427

A cantar la 98 IDs.

This statement shows that up to July 31 the receipts at the
ports this year were 1,102,476 bales less than in 1880-81 and
This statement shows that the
receipts for the week ending
234,209 bales less than at the same time in 1879-80. By adding Aug. 10 were
cantars and the shipments to all
Europe
to the above totals to July 31 the daily receipts since that time were
bales.
we shall be able to reach an exact comparison of the movement
Manchester Market.—Our report received from
for the different years.
Manchester
to-night states that the market is dull and inactive. We give
1881-$2. 1880-81. 1879-80. 1878-79. 1877-78. 1876-77. the prices of to-day below, and leave previous weeks’ prices for
comparison:

Tot.Jy.3i 4,657,377 5,759,853 4,891,586 4,435,737 4,258,486 3,957,386
635
3,592
S.
419
139
421
Aug. 1....
465

“

3....

533

2,838
2,477

“

4....

2,014

3,058

1,191

562

711

3,705

1,303
1,891

693

596

S.

330

509

839

“

2....

“

5....

“

6....

S.

1,783

1,519
2,394

“

7....

764

‘

8....

586

“

9....

609

3,424
1,900

“

10...

3.9

1,615

1,298
1,144

“

11.—

1,912

2,110

1,354

S.

507

1,465

264

395

861

8.

1,526
8.

8.

666

529

618

340

247

537

700

364

468

776

32s Cop.
Twist.

8*4 lbs.

245

8.

531

4,665,835 5,786,355 4,905,506 4,441,404 4,263,627 3,962,228
Percentage of total
9850
99 03
99 87
9811
port rec’PtslAusr.ll
9812

Total

This statement shows that the receipts since Sept. 1 up to
to-night are now 1,120,520 bales less than they were to the same

day of the month in 1881 and 239,671 bales less than they were
same day of the month in 1880.
We add to the table
the percentages of total port receipts which had been received to
August 11 in each of the years named.
to the

India Cotton Movement from all Ports.—The figures which
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

d.
4. s.
June 9 9^ 'a»1018 6
ii
16 9*2 ©lO^ 6
ii

23 9®s -SlO^ 6
30 9^10® 10*4 6
July
7 9916®10l4 6
*4
14 gSie^lOM 6
ii
21 9*2 ®101a 6
ii
28 9916®l0l4 6
Aug.
4 9L3 /a>ioi8 6
11
11 9*3 ®ioi8 6
a

1881.
OotVn
Mid.

Shirtings.

452

1,182
8.

1882.

d.
s.
6 ®8
6 ®8
6 ®8

d.
0
0
0

d.

®8

®8
®8

0
0
0

8^8
878
878
87S

678
678
G78

4*2®7 10*2

6
6

<L

6\
6%

4Lj®7 10*2
4Lj®7 10*2
4i2®7 10*2
6

325 Cop.
lwist.

JJplls

d.
® 9^2
® 9^
® 9*2
® 938

Mid

UpTd$

s.

d.

6
6
6
6

512®7
5*2@7
5*2®7
512@7

8*2
8*2
8*2
8*2

9
9
9
9
9

0
0
0
0
0

9

61&16
615lfi
7L6

® 95r 6
9*8 ® 93j 6
9*8 ® 9\ 6
9*e ® 9% 6

7

9

9% 6
87a ® 9*2 [6

7116

CotVn

8^4 lbs.

Shirtings.

®

d.

s.

®8
®8
®8
®8
®8

5*2®7

d.

63ig
631*
63 iQ

63^8
6510
69tg

6iiie

613jft
613ie

8

6%

Shipping New£#—The exports of cotton from the
States the past week, as per latest mail

United

returns, have reached
16,943 bales. So far as the Southern ports are concerned, these
are the
same'exports reported by telegraph, and published in
the Chronicle last Friday. With
regard to New York, we
include the manifests of all vessels cleared
up to Wednesday
night of this week:
^

New York—To Liverpool, per steamers
Alaska, 3,543

Archi-

are now

full and complete India
movement for each week. We first give the
Bombay statement
for the week and year, bringing the figures down to
Aug. 10.
Bombay, to furnish

readers with

our

a

year Great Conti¬
BriVn. nent
1882 10,000
1881 6,000
1880
1879 3.000

Shipments
Great

Total.

since

Jan. 1.

'Conti¬
nent.

Britain

Receipts.
This
Week.

Total.

7,000 17,000 716,000 585,000 1,301,000
6,000 12,000 230.000 521.000
801,000
3,000 3,000 352,000 474,000
826.000
4.000 7,000 244,000 323.000
567,000

Since
Jan. 1.

6,000 1,579.000
6,000 1,127,000
8,000 1,053.000

3,000

770,000

According to the foregoing, Bombay appears to show a
—crease compared with last
year in the week’s receipts of —
bales, and an increase in shipments of 5,000 bales, and the
shipments since January 1 show an increase of 500,000 bales.
The movement at Calcutta, Madras,
Tuticorin, Carwar, &c., for

the

same

Year.

Great

BHtain.
1882
1881
1880

8,000

6,000
2.000

1879

7.000

Conti¬
nent. '

Total.

8,000
2,000
1,00 >
4,000

16.000
8.000
3,000
11.000

Shipments siiict January 1.
Great
Britain.

Conti¬

262,000
166,000
198,000

137,000
67,000
79,000
101,000

181,000

Tolai.

nent.

399,000
233,000
277,000
292,000

The above totals for this week show that the movement from
the ports other than
Bombay is 8,000 bales more than same
ffeek 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 periodis of the two
previous years, are as follows.
EXPORTS TO EUROPE FROM ALL INDIA.

BMvments
Europe

to all

from—

Bombav...

All other
p’rts.

Total

1882.

This

Since

week.

Jan. 1.

12,000
8,000

33,000 1,700.000

20,000 1,031,000

a

total movement for
the week

801,000

233,000

form,

are as

Hull.

New York..
N. Orleans.

9,886

1,495

Baltimore..

510

Boston

316

Philadelp’a

613

Below

This

Since

week.

Jan. 1.

826,000
277,000

shipments, arranged in

follows:
LivertoooI.

Bre-

Havre,
71

Ham- Amster-

burg.
1,300

men.

300

1,558

dam.

%

1,558
510
122

31$
613

272

our

asual

Copenhagen. Total.
500

122

13,824
1,558
632
318

613

1,495

71

422

1,300

272

500

give all news received to date of disasters
earjying cotton from United States ports, etc.:
we

16,913

to vessels

Illyrian, steamer (Br ), Farglier, from Boston via New York, which,
arrived at Liverpool August 4, took fire ou the
passage and
damaged part of her cargo.

Cotton

freights the past week have been
Satur.

Mon.

Tues.

follows:

Wednes.

Thurs.

Fri.

Liverpool, steam d. 532 2>732 532®732 532®732 B32^732 B32'®732 532'®732
Do

sail...d.

Havre, steam
Do

sail

Baemen, steam,
sail

c.
c.

.c.

^
....

38&V
....

38 ® *2*

....

83® Lj*
....

38@12'r

.

.

.

.

38®12'r

....

....

38® *2*

....

38® V

38® 12’“

....

....

38 0'12*

38® V

c.

....

....

....

....

Hamburg, steam.d.

516*

5ie*

B16*

516*

516*

....

....

....

....

....

Do

1880.

3,000
3,000

272
500

16,943

The particulars of these

Do

sail...d.

'.

.

..

Amst’d’m, steam.c. 516®38* b16'®38* °Iq'S>3Q* 516'3'38*
Do

sail...rf.

Baltic, steam
Do

sail

Do
*

....

d.
c.

Barcel’na, steam.c.

6,000 1,103.000

very interesting comparison of the
ending Aug. 10 and for the three

date, at all India ports.




Since
Jan. 1.

17,000 1,301,000
16,000
399,000

This last statement affords

yeais up to

This
week.

1,300

Total

1

1881.

71

300

Philadelphia—To Liverpool, per steamer Illinois, 613

Total... 12,883

CARWAR. RANGOON AND KURRACHBE.

Shipments this week.

1,495

Baltimore—To Liverpool, per steamer Andean, 510
To Bremen, per steamer Amerioa, 122
Boston—To Liverpool, per steamers Atlas, 157
Glamorgan,
159

week and years has been as follows.

CALCUTTA, MADRAS, TUTICORIN,

cftc5oO

To Hull, per steamers Galileo, 550
Lepanto, 945
To Havre, per steamer Amerique, 71
*
To Bremen, per steamers Hohenstauffen, 29
Neckar, 271
To Hamburg, per steamer
Bohemia, 1,300
To Amsterdam, per steamer
Jason, 272
To Copenhagen, per steamer Hekla, 500
New Orleans—To Liverpool,
per steamer Inventor,

1,558

BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.

Shipment8 this week.

ui

sail...c.

....

916*
—

....

....

....

34®5i6*

*4®b16*

14®516*

....

3a@V
•

•«.

38® v
....

516*
....

B16® %*
.

....

....

l4@5i6*

....

....

....

....

....

916*

9ie*

916*

916*

9ie*

....

....

....

....

....

Compressed.

Liverpool.—By cable from Liverpool,

we

have the following

statement of the week’s sales, stocks, &c.» at that port:

THE CHRONICLE.

196
July 28.

July 21
51.000

Sales of the week
bales
Of which exporters took ...
Of which speculators took.
Sales American
Actual export
'

The tone of the Liverpool
week ending Aug. 11. and
been as follows:

Market,

(
$

6.500

7,100
4,500

4,70<

31,000
310,000

50,000
13,000
5,200
736,000

470,000

426,000

43.500

9,900
5,700
231,000
25,000

203,000

19,000

5,700
41,000

7,200
4,100
669,000
367,000
20,000
11,500

26 000

29,000

Tuesday.

Md.Upl’d*

Wednes. Thursday.
Firm.

Firm.

«

12,000

3,000

Friday.
Firm.

71i6

7li6
7516

714

'w

tli-

have

Firm.

i

714

Mia.Orl’ns
Sales

228,000

the daily closing prices of spot cotton,

;

Spec.AfX'p.

39.000

7,700
6,100
701,000
394,000
24.500
9,400
219,000

market for spots and futures each day of

•

12:30 p.m

54,000

19.500

23,500

Saturday Monday.

Spot.

59,000

5,200

5,700

Forwarded
Total stock - Estim ated
Of whio^A nerican—Estun’d
Total import of the week
Of whicn American
Amount afloat.
Of which American

Aug 11.

90,00.

3.500

10.500

Aug. 4

7°16

12,000
2,000

14,000

12,000

3,000

3.000

c

Futures.

M

Market, (

12:30 p.m.

Market,
4 P.

M.

S

Um

£

!

}
(

Quiet.

Firm.

!

:

i

Dali.

Easier.

Easier.

Weak.
Dull
but
easier.

The actual sales of futures at Liven ool for the same week are given
fcelow. These sales are on the baris of Uplands, Low Middling claus. ,
unless otherwise stated.

SrA,T’} Holiday

[VOL.

$1 16% for November, and $1 12%@$1 13% for seller’s option
all the year. Indian corn,

eries have sold to a fair extent; but the cash trade has been
small. The speculation has all been based on fears of a corner.

To-day the market was again materially lower, and trade was
mixed sold at 52}£@53%c. for August, 45%®
45%c. for September and 45/6@45%c. for October. r
The following are closing quotations:
less active; No. 2

FLOUR.

bbl. $2 65® 3

No. 2 spring...#
No. 2 winter

3
3 30® 4
4 75® 5
5 50® 7
5 50® 6
5 00® 7
4 50® 5
6 00® 8

2 75 @

Superfine

Spring wheat extras..
do bakers’
Wis. <te Minn, rye mix.
Minn, clear and stra’t
Winter shipp’g extras.
Patents

23
City shipping extras. $5 90®
75 Southern bakers’ and
25
5 753
family brands
25 South’n ship’g extras. 4 75®
25
Rye flour, superfine.. 3 50®
50
Corn meal— ■
50
4 40®
Western, &c
00
4 60®
Brandyvzine,
25 | Buckw’t flour.lOOlbs.
....@

Sept...
Aug.-Sept
8ept.-Oct

d.
64°04
64i64

Delivery.

d.
71*54
73f4
7i«4
65864

Oct -Nov
Dec.-Jan

7@7ie4

Aug.-Sept

Delivery.
May-June
Sept.-Oct
Oct.-Nov

d.
64»«4
65764
645q4

64604

Oct.-Nov

Wednesday.

Aug
Aug.-sept
8ept.-0ct
Oct.-Nov

64&64
649g4
7^4
64i£4

Feb -Mar

7 @ 7iG4
7
60^4
d45«4

May-June

Aug.-Sept
Jan.-Feb

Aug

Aug.-Sept
Aug-Sept
Oct.-Nov

7204
7264
71 fl4
644^4

Dec.-Jan

Oct.-Nov

645*-4

i

73, 4
65864
64064

649«4

May-Jun**

Red winter
Red winter, No. 2
White
Corn—West, mixed
West. mix. No. 2.
Western yellow..
Western white
Southern white..
Southern yellow.

Oct.-Nov...
Nov.-Dec

j Tun.-Feb

64°*4

642^4
7;i64®264 I Feb.-Mar
658e4 j Mar.-Apr
..644,;4
e45,;4®44f4 May-June ..649t4<r4864
68964

j

Oct.-Nov
Nov.-Dee

May-June

647e4
643(54
6-38*4
64664

bbU.

(196 tbs.)

At—

Chicago
Milwaukee

....

...

@102
®1 15
@
95
@
78
®
80

Wheal,
bush.
(60 lbs.)

7 50

610
3 90
4 50
4 70

Toledo

8t. Louis
Peoria

Duluth

57
65

63*2 $

Barley,

Canada No. 1

MOO
@
@
®

Canada bright...
State, 4-rowed
State, 2-rowed
Barley Malt-

...

...

...

Canada

1 20

®1 30

State, 2-rowed...
State, 4-rowed...

105
115

@110

Corn,
bush.
(56 lbs.)

35.502 1,159,367 1,104,012

53.059
60,600
696
969,089
1,686
134.178
2,037
92,650
44,970 1,023,071
625
5,200
6.200
15,206

Cleveland

Friday, P. M.. August 11, 1882.

89^2
393*

@
@
®

®120

Weekly.",

Receipts of flour and grain at Western lake and riv- r
for the week ending Aug 5, 1882:

Detroit

breadstuff s.

®

49
60
54

White
No. 2 mixed.
No. 2 white

(From the “ Neio York Produce Exchange

Flour,
May-June

®1 18

®

95
95
92
76
78

Mixed

ft 1 35
@145
@114
@114

87^S

...

Friday.

Aug.
Aug-Sept
8ept.-Oct

95
143
98
113
i 00
86

Spring, per bush.
Spring No. 2.....

Boat loads

640(j4 Aug
64i«4 8ept.-Oct
..64464 Jan -Fel)

Aug
»7264 I Dec.-Jan
I Jan.-Feb
Aug.-Sept
4
fiept.-Oct.. .b«>»«4®»764 Mar.-Apr.

Wheat-

Rye—Car lots

Thursday.

8 25

GRAIN.
I Oats—

TCE8DAY.

Delivery.
Aug

u

■

largely owing to small receipts at the West and L
steady rise in Chicago, has continued to advance. There has
been no little covering of contracts at the West, the shorts
there fearing a corner, as the present supply seems hardlv
sufficient to last till the new crop begins to arrive freely. The
rise was yesterday assisted by reports of frost at the West
Here the trading has been very moderate, however, both for
export and on speculation. To-day the market was quiet,
lc. lower and unsettled ; No. 2 mixed sold at 87%c. for Sep¬
tember, 86@86%c. for October, 81%c. f0r November, and W/
(379c. seller’s option remainder of the year.
^
Rye has been rather more active at firmer prices. Barley has
sold at #1 for Canada for October delivery. Malt has sold more
freely at some decline. Oats are decidedly lower on the spot
and though options advanced materially early in the week*
they have latterly been declining; the sales for August and
September have reached an enormous total, and the later deliv¬

22,300
39.184
23,169
2,100
96.155
95,700

*

Oats,

Barley,

p>r s

Rye,

bush.
(32 lbs.) (48 lbs.) (56 lbs.
398.223
3.567 27,486
24.900
6,180
bush.

8,059

bush.

;

1,541

10.27 L

9,100

1,350

361.579

805

51,325

11,000

12,652
4,750

Total
144,775 3,459,361 1,332,620
863,457 22,902 46.429
only fairly active at the best, and in general Same
time *81. 190,379 1,767,390 3,561,370
586,592 26.567 110,781
has sold very slowly. Prices have been weak and irregular.
Total receipts at same ports from Dec. 26, 1881, to Aug. 5,
Buyers have neglected spring wheat brands for fear of their 1882, inclusive, for four years :
1878-79.
1881-82. ‘
1880-81.
1879-80.
souring. The common grades are not plenty, though the Flour
bbls.
4,414.369
5,308,530
3,869,901
3,530,477
medium and better grades are in liberal supply. There has
bush. 28,804,015
31,190,813
37,916,012 42,622,029
been a fair business for export in the lower grades, but the Wheat
Corn
50,573,696
74,464.484
96,602,917
58,460,289
18,718,789
17,906,430
22,913,342
27,040,206
quality of the new flour arriving has not been satisfactory, and Oats
Bariev
4,841.410
4,017,855
2,625,935
2,457.358
holders have been obliged to offer inducements in order to Rye1,260,128
1,110,168
1,521,815
2,089,787
facilitate its sale. To-day the market was generally dull and
Total grain
108.392,591 137,823,526 157.385.468 123,535.893
heavy, though choice No. 2 winter and superfine were firm.
Comparative receipts (crop movement) at same ports from
Wheat has been fairly active for export all the week, but the July 31, 1882, to Aug. 5, 1882, as compared with the pre¬
speculative transactions have fallen off noticeably. Prices show vious three years : 1882.
1881.
1880.
1879.
a decline for the week, but have been more or less irregular,
Flour
bbls.
L44.775
190,379
139,146
124.962
-with frequent fluctuations, though the changes have not been
2,624,154
2.754,772
1,767,390
3,459,361
Wheat
bush.
2,621,073
3,561,370
3,566,688
1,382,620
marked. This market has followed the lead of the Chicago Com
831,368
791.377
586,592
863.457
Oats
16,621
20.199
market, and prices there have been influenced largely by the Barley
22,902
26,567
178,247
129,461
110,781
46,429
Rye.
weather and by reports from the agricultural districts. The
6,271,458
7,262,497
6,052,700
Total grain....
5,774,769
receipts at the West have been comparatively small, but the
Comparative shipments of flour and grain from the same
shipments Eastward large; fears have at times been expressed
ports
from Dec. 26,1881, to Aug. 5, 1882, inclusive, for four
concerning the effect of the recent warm weather at the West
years:
1878-79.
on the unstacked winter wheat; but these apprehensions have
1879-80.
1.880-81..
1881-82.
4,151.006
3,369,045
5,295,303
bbls.
4,212,478
been dispelled by cooler weather within a few days, and the Flour
39,024,53o
37,603,804
30.841,596,
bush. 22.385.812
flattering prospects for a large yield of spring wheat have also Wheat
51,001,696
79,524,620
63,969,043
Corn
41,134,624
tended to depress prices. The advices from the country dis¬
13,352,703
14,833,17L
21,919.103
Cats
17,655,904
2,071,6o2
1,667,593
2,050.839
tricts would indicate that the farmers are refusing to sell at the Parley
2,127,013
1,936,959
1,290,897
1,123,153
ilye
1,490,147
present low prices, and this fact is cited in explanation of the
Total grain
87,793.500 119.908,734 134,975,085 107.387.54o
small receipts at the Western markets, though it is likewise
Rail
shipments
from Western lake and river ports for the
asserted that there is as yet really very little wheat ready for
weeks ended:
1879.
1880.
market. The foreign markets have been less buoyant as the
1881.
1882.
Week
Week
Week
Week
weather has been more favorable for harvesting both in Eng¬
Aug. 9.
Aug. 7.
Aug. 6.
Aug. 5.
107,472
103,397
147,167
land and on the Continent. A relic of the old rule in Chicago Flour
....bbls.
83,839
804.112
is seen in the fact that §1 43 has latterly been bid here for No.
803,001
164,462
...bush. 1,236,932
Wheat
407,477
689,451
303,816
1,141,250
Corn
2 spring to cover contracts there, but there is said to be none
610,062
585,ell
873,972
651,163
Oats
1,966
9,404
whatever here. To-day the market* was quiet and l@l%c.
9,393
10,927
Barley
46,73o
37,784
24,111
14,416
Rye..".
lower. No. 2 red sold at $112%@£i13% for August, $1 13%@
2,213,183 2,125,251 1^870,352
Total
2,217,259
$11414 for September, $1 14%@$115% for October, $1 15%@

Flour has been

......

....

•

....

....

■»i




..

THE CHRONICLE

12, 1882.]

August

Bail and lake shipments from same ports for last four weeks:
Oats,
Barley,
Rye,
Com,
Wheat,
Week
Flour,
bush.

bush.
endina—
Ao&>
5-.-lA9.512 3,235,951
July 29...H9.823 2,884,712
July 22...110,107 2. ds.131
913,331
July 15... 88.AL4
.

Tot., 4

wks.497.856 9,372,125

1,032.092
1,361.762
1,171.786
1,061.657

bush.
725.125
417.394
503,196

bush.
10.927

393,504

7.953

8,870
3.770

Domestic Cotton Goods.—The exports of cotton
goods for the

week

2,070 packages, 950 of which were shipped to Great
to Brazil, 190 to Mexico, 141 to Venezuela, 101 to
United Stares of Colombia, 66 to
Hamburg, 56 to Argentine
Republic, 65 to Hayti, &c. There was a steady hand-to-mouth
demand for plain and colored cottons at first

&'(£#/>.

14,416

were

Britain, 290

07,t>79
14.528
23,443

3;. 59 J 120.016
3155J
60,962

4,637,897 2,011.219

197

hands, resulting
business,
and
liberal package sales were
Receipts of flour and grain at seaboard ports for the week made
by some of the larger jobbers. Brown and bleached
ended Aug. 5:
Oats,
Com,
Barley,
cottons were in fair request, and
Flour,
Wheat,
Rye}
leading makes are so closely
At—
bbls.
bush.
bush.
bush.
bush.
bush.
sold up that prices are very
57.963
159,274
107.174 1,732,530
New York
firm. Low grade cotton flannels
44,450
1,750
Boston
40,068 204,820 101,900
were in
good demand and scarce for immediate delivery, all
500
2,800
1,400
Portland
makes being largely sold to arrive. Grain
8,454
Montreal
22,883 678,093
bags were active and
600
48,000
48,100
Philadelphia... 11,315 492,550
firm at the late advance, and there was a
27,600
18,829 1,596,000
Baltimore
steady business in
25,137
New Orleans... 24,745
410,668
colored cottons at firm prices. Print cloths were in
moderate
demand and firm at about last quotations. Prints were
2,350 17 470
Total week... 226.394 5.114,661
238,263
285.915
fairly
550
5.300
360,739
360,739
Oor. week ’81.. 209,746 2,587,301 2,595,342
active in first hands, and an enlarged distribution was
effected
Total receipts at same ports from Dec. 26, 1881, to Aug. 5»
by leading jobbers. Stocks of printed calicoes are in very good
1882, as compared with the previous three v-ears :
shape and opening prices are fairly maintained. Standard
1881-82.
1830-81.
1879-^0.
1878-79.
Flour
bbls.
6,427,178
5,537.453
7,759,941
5.900,400 dress ginghams were opened at 10/£c., and considerable
aggrebush. 31,012.410
gatesales were made by agents representing the most popular
54,509.169
64,4:7.495
Wheat..
65.552.597
21,337,379
Corn....
68,890.235 '93.917,979
71.332,063
styles.
14,438,986
Oats
16,092,390
13,993.716
12,055 293

4w’ks*81 -.706,822

Barley..
Rye
Total*rain

....

4,Lo0.o39

ll.80l.6S6 4.0J5.9J3

2.287,603

2,025,883

1,019,299

902,388

1,589,867
924,595

1,745,257
2,295,936

70,095,632

142,429,565

174,913,652

153,581.111

in

Flour,

Wheat,

bbls.

Corn,

Oats,

bush.

bush.

Rye,

bush.

bush.

2,207,181
51,694

27.541
8,028

2,063

621
250

111,466
23,768

New York
Boston

Montreal

Peas,
bush.

8,763

demand by cloak manufacturers and the
trade, and prices are
well maintained.
For staple flannels and blankets the demand
has been somewhat less active, as
expected, but there was a
continued brisk inquiry for flannel

3,737

50

11,883

333,323

Philadelphia..

4.809

204.583

Baltimore
New Orleans..

13,655
2,634

1,036,171
80,483

1,847

1.053

Total for w’k 168,265
Bam© time’81. 125.922

3,963.445
2,288,505

38.237

3,166

2,085,060

5,173

15,095

8,768
7,391

suitings and sackings, re¬
sulting in a good business. Repellents were in moderate re¬
quest and there was a limited call for Kentucky jeans, doeskins
and satinets at first hands. Worsted and all-wool dress
goods
were fairly active, and a fair distribution
of woolen shawls and
felt and cloth skirts was made
by agents. Hosiery, knit under¬
wear and fancy knit woolens continued to
move steadily
at firm

18,832
43.190

The visible supply of grain,

comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Aug. 5, 1882, was as
at the

prices.

follows:

Wheat,

In store at—

bush.

New York

1,993.772
250,000

Do. afloat (est.)

Albany
Buffalo

398,624

Chicago

1,249.656
672,733
118.838

Milwaukee
Duluth
Toledo
Detroit

648.837

136,7a0
65.00U

Oswego
St. Louis
Boston
Toronto
Montreal

915,505
143.613
112,577
123,458
390.024

Philadelphia
Peoria

1,349
151,300
178,076
1,018,778

Indianapolis
Kansas City

Baltimore
Down Mississippi.
On rail
On lake
On canal

335,761
1.734,293
2,994,013
1,501,000

Tot. Aug. 5,'82. 15,139,057
Tot. July 29,’82. 13,570,341
Tot. July 22, ’82. 10,942,268
Tot. July 15,’82.
8.947.865
Toe. July
3,’82. 9.624,412
Tot. Aug.
6,’81. 17,539,035
*

Corn,

Oats,

bush.

bush.

807,623

102,022

25,000

10,000

Barley,

Rye,

1,670

bush.
272.635

bush.

Foreign Dry Goods.—There was a further
the demand for imported fairies, dress

improvement in
goods, silks and velvets
having been taken with a fair degree of freedom by Western
and Southern buyers.
Millinery goods and ribbons have also
met with increased attention, aud
hosiery and gloves were
a trifle more active.
Linen goods were only in moderate de¬
mand, and such, was the case with laces and embroideries.
Men’s-wear woolens were in light request, but a fair business

9,000

511,162
1,640,317
93,018
40.853
155,000
283,154
57,760

6,589
4,^77

99.700

17,719

18,205

4,933

31,147

5,110

'

4.24

1,011

4.432

3.681

19,769

2,735

69,943
8.458
4,500

36,585

959

82,191
7,800
3,654

13,605

importations of dry goods at this port for the
ending Aug. 10, 1882, and since January 1, and the same
for the corresponding periods of 1881, are as follows:

Total Ent’d

the

*12,550
57.542

601,965

72,364
100,817

15,894,283 7,404,713

72,943

667.493
605.Iu7
637.287
677.810

125,573

250,521

65,932

Total

DRY

GOODS

[10,361

6,507 3,854

at the South

very

was

reflected in the

312.609

and second hands.




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601 1,547 1, 78 1,760 1,418

68,490.37 54,17835 14,32.9 1,69034 2,69538 ,06125 2,6-5781 4,196.85 DURING 54,17835 16,4780 l,4790t> 3,40281 3, 0167 5,0149 THROWN 54,17835 4,96784 7,56182 16,837 10,63.2

liberality with which selections

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79,04 13,4 1 4.532 8,212 10,426

6,507 1,748

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1

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SINCE

a.

M-icoa©

3.16853 2,40392 76, 1 84,19 150,7 13,08 97,08 304,9 PERIOD. 2,40392 609,785 30,14 92,592 170,325 104.52 21,329 12,40392
M
A
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236,9 108,940
236,9 16,78
236,9 67, 41 52,849 34,391 49.381 32,137
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JANURY

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of tone noted for some time
past, and
and foreign manufacture are

domestic

CO I-4
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1

made by jobbers from that
section, >and Western and
Southwestern buyers continued to operate with considerable
freedom, but without the least tendency toward speculation.
The local and
near-by trade have bought sparingly as yet, save
in the case of a few
specialties required for freshening assort¬
ments on hand. The
jobbing trade has been very fair for the
time of year, a
large distribution of domestics, prints, flannels,
hosiery, &c„ having been made by several of the leading houses
in package and assorted lots. The
market retains the steadiness
were

OO

Vit-tOHO'

[

large representation of out-of-town package
buyers in the market the past week, and business was moder¬
ately active in all branches of the trade. The demand for
staple
cotton and woolen goods was less active than a short
time ago
—many buyers having completed their early purchases—but
there was a good, steady movement in such
fancy fall fabrics as
dress goods, prinis,
ginghams, flannel suitings and sackings,
linseys, shawls, hosiery, &c. The depleted condition of stocks
was a

Silk
Total Flax Cot n Wool

of—

K>

2,84.720 2,31749 567, 1

TRADE.

Friday, P. M., August 11, 1882.

There

on

of—

Malt.

THE

Total Eut’d

Flax Silk Cot n Wool

M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
port. fornsumpt.
market. forcnsumpt.

14,416

6.193.078 1,672.077
6,274,023 1,267,087
6,021,954 1,187,234
6,000,134 1,312,849
6,388.650 1,675.623

week
facts

|

at

10,927

y Goods.

The

4,i92
635,360
89,765

cloakings.

Import fctions of D.

11,386

43.402
2,909

done in choice

was

1,549

476,458

12,787
48.309
64.247
43,400
47,819

184,788
23,268
473,506
1,305,067
376,000

30.000

154,639
975

fair aggregate

Domestic Woolen Goods—There was no movement of
im¬
portance in heavy clothing woolens from first hands, but a fair
business was done in some of the finer
grades of cassimeres,
etc. There was some
inquiry for light-weight woolens (for men’s
wear) by early buyers, and* a few orders “for future delivery”
were booked in
exceptional cases, but it is yet too early to look
for much activity in this connection.
Cloakings were in fair

Exports from United States seaboard ports for week ending
Aug. 5, 1882
From—

a

nearly all fabrics of
firmly held in both first

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on

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AND

18 .

CHRONICLE

THE

198

fvoi,. xxxv.-;-

ESTABLISHED

A. H. Brown & Co.,
ft Wall

St., Cor. New, New

Special attention to business of

~R.

L

AND

"Thirteen Years’

96 Wall Street, New

Stock

Membership in New York
Exchange.

108 Bay Street,

STREET,

BROAD

_

Stocks, Bonds, &c., bought and
margin.

FOR

SALe{

Co.i

8c

Manufacturers and

American

UNITED STATES
A full

BUNTING COMPANY.

MUDGE, SAWYER 6c CO.,
15 Chauncey Street,

43 A 45 White Street,
NEW YORK,

BOSTON,

,

AGENTS FOR

Co., Atlantic Cotton Mills,
Peabody Mills.
Chicopee Mfg. Co.,

Ocean Mills

Ellerton New

White Mfg. Co.,

Mills,

Saratoga Victory Mfg. Co.,
Hosiery and Yarn Mills.

BONDS

WEDNESDAYS AND SATURDAYS.

ADRIAN II. HIJLLER &

SON,

STREET, NEW YORK.

BOND

BROKERS,

•

MINIMUM
BOOK, just

Philadelphia,

Columbia

“ORIENT COMPLETE

C.

MANURE,”

CRENSHAW, Pres’t,

Crenshaw

Warehouse,

Richmond, Va.

Only Direct Line to France.
GENERAL TRANSATLANTIC CO.
Between NEW YORK and HAVRE,
From Pier (new) 42 North River, foot of Morton St.
Travelers by this line avoid both transit by English
Railway and the discomforts of crossing the Channel
a small boat.
ST. LAURENT, Servan

In

Wed., Aug. 16,7 A. M.

FRANCE, Perier d’Hauterive...Wed., Aug.23,noon.
LABRADOR, Joncla
Wed., Aug. 30,6 A. M.
Price of

Passage—(including wine): To Havre-

First cabin, $100 and $80; second cabin, $60: steer¬
age, $26—including wine, bedding
turn tickets at very reduced rates.

Re-

and utensils.

Checks drawn on

Credit Lyonnais of Paris in amounts to suit.
FOR MARSEILLES,

Touching at Cadiz, Gibraltar & Barcelona.
The following steamers will leave New York direct
for Cadiz, Gibraltar, Barcelona and Marseilles, taking
freight and passengers:
About August 21
V1LLE DE MARSEILLES
Rates of Passage—For Cadiz and GibraltarFirst cabin, $75 and $90; for Barcelona and Marseilles
—First cabin, $80 and $100. Steerage, $32.

Bicycles.

lawyers, ministers, editors, mer¬
chants, Ac., Ac. Send 3-cent stamp
for elegantly illustrated 38-page
catalogue to

RISK.

published, gratis

OPINIONS OF THE PRESS.

Oitril Service Gazette—'The system recommended
t>y Messrs. Gutteridge & Co., is easy to comprehend
John Bull—“An easy and apparently safe
■-system, worthy of public confidence.” Court Journal—
'“An excellent way of speculating, ably set forth.”
OivWarv-" An 'nteresting book.
This system com¬
mends Itself as being a very safe one.” News oi the
World—“ This book is well worth reading. One can¬
not do better than retain their services.”

.-and safe.”

GUTTERIDGE

6c

Ports, including Barcelona, Algeria, Tunis, Genoa,
Leghorn, Naples, Messina; also, for Trieste and Con¬
stantinople.

freight taken for Gibraltar.
LOUIS DE BEBIAN, Agent,

N. B.—No

No. 6

Bowling Green.

Insurance.

UNION
Mutual Life Insurance Co.
MAI N K.

O F

Thousands in dally use by doctors,

The

Pope Tttfg. Co.,

Washington St., BOSTON, Mass
New York Riding School,
214 E. 34th.St., Near Third Aye

642

realized, and the possibility of losses reduced to

Directors’ Office

Herring’s Safes.
THE

CHAMPION

IN ALL GREAT

RECORD

FIRES.

-

-

-

PORTLAND MAINE.

ORGANIZED 1849.
Assets

-

Surplus (X. V. Standard)
Death Losses Paid

-

-

Dividends Paid

-

-

-

Policies

15,775

In

$7,078,720
548,497
5,545,224
3,866,361

CO.,

force, Insuring

Paid Death

fOUR

Losses, since Organization,

MILLION

-

DOLLARS,

And for Dividends,

THREE AND ONE HALF

MILLIONS.
President;

HENRY D. SMITH, Secretary.
NICHOLA8 DE GROOT, Ass t
A. G. MILTON, Actuary.

THOMAS A. FOSTER, Medioal

London E. C., England.

78
27
62
88

$28,915,136.

JOHN E DeWJTT,
DANIEL SHARP, Vice-President.

•SWORN BROKERS, No. 7 DRAPERS GARDENS

Wire

'

BLEACHED

minimum.

W.

BRAND8

SHIRTINGS
AND SHEETINGS,

AND

Zhnlls, Sheeting8, dc.. for Export Trade.

TIES should test this system, by which large profits
a

STANDARD

And want a good working agent in every thrlvln/
cotton, tobacco, grain and truck growing county
Apoly (with reference) to

PRINTS, DENIMS, TICKS, DUCKS, &c.

and post free upon application.
OPERATORS IN STOCK EXCHANGE SECURI¬
are

THEIR

Towels, Quilts, White Goods and Hosiery.

PLACE, NEW YORK.

SPECULATION AND INVESTMENT
IN STOCKS AND SHARES
A

New York, Boston,

SELLING AGENTS FOR LEADING BRANDS

Stocks, Railroad Bonds, Governments and
Miscellaneous Securities Bought and Sold.

WITH

Bliss, Fabyan & Co.,
BROWN

J. D. Probst & Co.,

EXPLANATORY

Virginia

Through bills of lading issued to Mediterranean

ON

No. 52 EXCHANGE

Orient.

Steamships.

supply, all Widths and Colors, always in stock.
No. 109 Duane Street.

E. R.

SALES of all classes of

AND

r

Fertilizing Co.

W.

Joy, Lincoln & Motley,

Undersigned hold REGULAR AUCTION

STOCK

S

Eureka”

The Atlantic &

Dealers in

Also, Agents

STOCKS and BONDS
At Auction.

7 PINE

Sec’y,
Director.

Rope.

STEEL AND CHARCOA

;

IRON of superior quallt
suitable for MINING AN.

IRSURMCE

PURPOSE!
Inclined Planes, Transmii
sion of Power, Ac. Als<
Galvanized Charcoal an
BB for Ships’ Rigging, Sui

7. S .WIN5T01F PRES'IDENI

pension

Bridges, Derric
Guys, Ferry Ropes, Ac.
large stock constantly o
hand from which any d<

fSSI/ESEVERK DESCRIPTION

.

sired
lengths
are
cm
FLAT STEEL AND IRO;
ROPES for Mining pin
poses manufactured to oi
der.




w
W.•

m.A.9uni
MASON

cc
6c

vUm
CO.,

43 Broadway, New Yorfc

v,*-‘

‘V-jr?'.

HOISTING

JOHN

>

’

SUCCESSORS TO

o.

"

^

SQUARE.)

L. I., and
Richmond, Va.

And all kinds of

Solicitor and Attorney.

AND

t

STREET.

Works at Orient,

CANVAS, FELTING
DUCK, CAR
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ ONTARIO ” 8EAMLESS
BAGS, “AWNING STRIPES.”

W. Farmer,

STOCKS

(HANOVER

or.

COTTON

Practices in the District Circuit and Supreme
Courts of the United States and of the State, in
all classes of cases. Has no other business, and de¬
votes his personal attention and all his time exclu¬
sively to his profession. Refers to Bank of Monroe.

The

WILLIAM

No. 1

COTTON SAILDTJCK

MONROE, LOUISIANA.

Counselor,

Stationery.
py New concerns organizing will have their
ders promptly executed.

N. Orleans.

Brinckerhoff, Turner

WANTED.—Brush (N. Y. Co.) Fuller.

W.

-

AND

STOCKS.

Brush (Parent Company),
United States, Eastern.

■V

AMMOMATED BONE SUPERPHOSPHATE OF LnfE

sold for cash or cm

LIGHT

JBL.ECTRIC

1

Supply Banks, Bankers, Stock Brokers and Como.
V
rations with complete outfits of Account Books and •'-v'1.

Savannah,

NEW YORK.

56 WALL STREET,
NEW YORK.

No.

PRINTERS.

‘•'EUREKA”

Whipple,

H.

Geo.

Cole,1

STATIONERS AND

OFFER

Warren T. James.

John s. James,
^Member n. Y. Stock Exch.

Charleston,

41 & 43 North Peters St„

John S. James & Co.,
Commission Stock Brokers,
16

York,

10, 12 & 14 East Bay,

A. B. Lounsbery, f. e. Ballard
Members N. Y. Stnelc Exchange.

B.J. Kimball,

Tto.

IN

RICE,

YORK.

NEW

BROADWAY,

40

No.

COMMISSION MERCHANTS

BROKERS

AND

FACTORS,

MILLERS,

country banks.

J. Kimball & Co.,

BANKERS

Talmage’s Sons & Co

Dan

York.

SECURITIES.

INVESTMENT

1855.

&

Sears

BROKERS,

AND

BANKERS

7$5

Commercial Cards.

Commercial Cards.

Financial.

.

OF

LIFEANDmOWMENTPOmS

THOSE
.
APRIL 147F/S42n 'M

ON TERMS AS FAVORABLE AS
OFANY OTHER COMPANY

HERRING & CO.,
251 & 252 Broadway, New^Tork.

ORGANIZED

r.ISM &<KFTS

nVKRi82.000.000

I HE CHRONICLE.

Of
Of

wiM'h

5.200
3.500
31,000

Salon American
Actual export

10.500
5,700

Forwarded
Total stork -Kttltmulcil

l 70,000

Ofwhlvp. A iierir.m- KMlinM
Amount alloat
Of which A :oera «m

j

1'hursd’y.

Firm.

Firm.

Firm.

j

20,000
11,500
22H.OOO
20,000

Friday
Firm.

74
12,000
2,000

12.000

£

3,000

Spec.A exp.
Futures.

74,5
7al<5

7

/

■7H

•

Sales

1

1,000
3,000

Quiet.

Firm.

j

Weak.

but

easier.

The actual sales of futures at Liven ool for the same wee if are given
These sales are on the ha is of Uplands, Low Middling clans* ,
unless otherwise stated.
Saturday,

follow.

^ Holidays.

Monday,

1

small.

Dull

J

'

eries have sold to a fair extent;

Easier.

Dull.

;

7Ju>
12,000
3,000

Easier.

!

largely owing to small receipts at the West and a
steady rise in Chicago, has continued to advance. There has
been no little covering of contracts at the West, the shorts
there fearing a corner, as the present supply seems hardly
sufficient to last till the new crop begins to arrive fieely. The
rise was yesterday assisted by reports of frost at the West.
Here the trading has been very moderate, however, both for
export and on speculation. To-day the market was quiet,
le. lower and unsettled ; No. 2 mixed sold at 87%c. for September, 86@36%c for October, 81;{.tc. for November, and 783^
@79c. seller’s option remainder of the year.
Rye has been rather more active at firmer prices. Barley has
sold at #1 for Canada for October delivery. Malt has sold more
freely at some decline. Oats are decidedly lower ou the spot,
and though options advanced materially early in the week,*
they have latterly been declining; the sales for August and
September have reached an enormous total, and the later deliv¬

74 «

K

(

Market, (
4 P. M.

307,000

26 000

Wed nes.

Auu.Orl’ns

12:30p.m.

000.OOO

•

Mid.Upl’dh

Market,

231,000
25.000

Tuesday.

Market, C
12:30 p.m

39.000
7,-00
4.100

7,700
6,100
701,000
294.000
24.500
9,100
219,000

and $1 12%^for seller's option

all the year.
Indian corn,

7,1 (Ml
i ,r»oo

market tor spots ami futures each <lay ot th
the daily cloning prioeH of spot cotton. have

Saturday Monday.

Spot.

1 1,000

5,700

19,<»oo

The tone of tlm Liverpool
week ending Vug. 11 and
been as follows:

50.000
1 3,000

9..100

13.500
23,500
203,000

Total in.i or: ot me week
Of wlilcn A hum n an

5,700

5,200
736.000
4 2**,0( >o

.0.000

-i

19 500

$1 16% fur November,

1 1

5 I .(KM»

59.000
0.500

90 oo<
l.70«

51 ,(MMi

bal**n
which cxpoi t« rH look
which HpcculctorH tool:.

Halos of the

.1 uy

A uy. 4

.July 2s.

July 2 1

(Vol. XXXV.

FLOUR.

No. 2 spring...%
No. 2 winter

3
2 75 a) 3
3 300 4
4 75 0 5
5 500 7
5 50 0 6
5 00 0 7
4 SO® 5
6 00 0 8

bbl. $2 650

Super tine

Spring wheat extras..
do bakers’
Wis. cV Mum. rye mix.
Minn, clear and stra’t
Winter sliipp’g extras.
Patents

25
75
25
25
25
50
50
00

d.
71(34
7;V4

e

Aug.-Sept

7L?4

8ept.-0ct..

(3j«o4

rf.

Deliver]!.

64°64
Dec.-Jan
6D(U
Aug.-Sept-.. ....7 0)71,14
Oct -Nov...

Delivery.
May-June
Sept.-Oct
Oct.-Nov

d.

---.649(54
..6o7H4
64^(54
,

-

-

-

64<364

Oct-Nov

Wednesday.

7 071m

Aug

7

Aug.-Sept
Sept.-Oct

G57t.4

Od.-NoV

(>4o64

Dec.-Jan....,

640(,4

6*2G4
649(J4
71*4
041,4

Feb.-Mar...

May-June..
Aug.-Sept
-.

Jan.-Feb

Aug. ..t
Aug.-Sept
Aug-Sept
Oot.-Nov

..72(54
72<(4
.....7l«4
----644(54
..

Dec.-Jan
Jan.-Feb
Mar.-Apr.

—

.

..

-

Wheat—

Spring.per bush.
Spring No. 2

Aug-Sept
Sept.-Oct
Oct.-Nov...
Nov.-Dec

:...7^4
7;i.j4 -02(34

Aug

Sept.-Oct
Jan -Feb.

...

t)o8i?4
64r., 4®44f4
G^64

658G4
....640*4
...

...

May-June

642«4
644(.4

..

649K4a48(54

May-June

---647*4
--.643*4
...638l4
...64«*4

Friday, P. M.. August 11, 1882.

Flour has been

only fairly active at the best, and in general

bakers’ and

family brands
South’ll sliip’g extras.
Rye Hour, superHue..
Corn meal

5 75 Tl 7 50
4 750 6 10
3 50 0 3 90

—

4 40 0

Western, &c

4 50
4 600 4 70
.

...a

0.

95
95
92
76
78

mm

01 02
01 15
95
0
78
0
0
80

State, 4-rowed...
State, 2-rowed...
Barley Malt—
-

State, 2-rowed...
State. 4-rowed...

Receipts of flour and grain at Western
Aug 5. 1882:

57
65

fcl 00

Canada No 1....
Canada bright...

Canada

0
0

6343 0

Barley—

89^2
89 \
•

49
60
54

Mixed
White
No. 2 mixed
No. 2 white

...

0

...

0
0

,

1 20

1 05

1 15
(Fi'om the “ New York Produce Exchange Weekly. ’>

01 30
01 10
01 20

lake and riv-«*

o »r. s

for the week ending
bbls.

Corn,

Wheat,

bush.

bush.

Oats,

bush.

Barley,
bush.

Ryt,

bush.

(GO lbs.)
(56 lbs.)
(32 lbs.) (48 lbs.) (5 Gibs.
35.502 1,159,367 1,10 bttl 2 398.223
3.567 27,486
53.059
60,600
22.300
24,900
6,180
696
969,089
39.184
8,059
1,541
23,169
10,27 L
1,686
134.178
2,037
92,650
9,100
1,350
2,100
44,970 1,023,071
805 12,652
96.155* 361.579
625
5,200
95,700
51,325 11,000 1 4,750
6,200
15,206
....

(19 6 tbs.)

At—

Chicago
Milwaukee
Toledo
Detroit

Cleveland

B R EADSTUF F S.

01 14
01 14
0118

l 00
86
0
87 ^0

Flour,
Mav-June
Oct.-Nov
Nov.-Dee

640, ,4

Mar.-Apr...

1 13

...

73l4

May-Juip*...
'an.-Feb
Feb.-Mar

01 35

01 45

98

Red winter
Red winter, No. 2
White
Corn—West, mixed
West. mix. No. 2.
Western yellow..
Western white
Southern white..
Southern yellow.

Friday.

Aug

95

1 43

Boat loads

640G4
641K4
-644,54

Southern

GRAIN.
I Oats—

Rye—Car lots

Thursday.

Allg
72f)4
Aug.-Sept
7-*, 4
Sept.-Oct.. .0^**4a57*,4
Oct.-Nov
645e4

City shipping extras. $5 900 8 25

Brandywine, «fco
25 I Buckw’t flour. 100 lbs.

Tuesday.

Delivery.
Aug
8ei»t

but the cash trade has been

speculation has all been based on fears of a corner.
To-day the market was again materially lower, and trade was
less active; No. 2 mixed sold at 52%@53%c. for August, 45}&@
45%c. for September and 45/£@45:{4c. for October.
The following are closing quotations:
The

St. Louie

Peoria
Duluth

Total..
Same time

144,775 3,459,361 1,382,620

’81. 190,379 1,767,390 3,561,370

863,457 22,902 46 429
586,592 26,567 110,781

slowly. Prices have been weak and irregular.
Total receipts at same ports from Dec. 26, 1881, to Aug. 5,
Buyers have neglected spring wheat brands for fear of their 1882, inclusive, for four years :
1880-81.
1881-82.
1879-80.
1878-79.
souring. The common grades are not plenty, though the Flour
bble.
4,414.369
5,308,530
3,530,477
3,869,901
medium and better grades are in liberal supply. There has
Wheat
bueh. 28,804,015
31,190,813
37.916,012 42.622,029
been a fair business for export in the lower gra les, but the Corn
50,573.696
74,464.48 4
96,602,917
58,460,289
22,913,342
27,040,206
1 7,906,430
18,718,789
quality of the new flour arriving has not been satisfactory, and Oats
2,457,358
Bariev
4,841,410
4,017,855
2,625,935
holders have been obliged to offer inducements in order to Rye
1,260,128
1,110,168
1,521,815
2,089,787
facilitate its sale. To-day the market was generally dull and
Total grain
108.392,591 137,823,526 157.385.468 123,535,893
heavy, though choice No. 2 winter and superfine were firm.
Comparative receipts (crop movement) at same ports from
Wheat has been fairly active for export all the week, but the July 31, 1882, to Aug. 5, 1882, as compared with the pre¬
vious three years :
speculative transactions have fallen off noticeably. Prices show
1882.
1881.
1880.
1879.
a decline for the week, but have been more or less irregular,
Flour.... ...bble.
144,775
190,379
139,146
124,962
with frequent fluctuations, though the changes have not been
2,624,154
2,754,772
1.767,390
3,459,361
Wheat..... bueh.
2,621,073
3,566,688
3,561,370
Corn
1,382.620
marked. This market has followed the lead of the Chicago
831,368
791.377
586,592
863.457
Oats
16,621
20,199
26,567
22,902
market, and prices there have been influenced largely by the Barley
178,247
129,461
110,781
46,429
Rye
weather and by reports from the agricultural districts. The
Total grain...
5,774,769
6,052,700
7,262,497
6,271,458
receipts at the West have been comparatively small, but the
Comparative shipments of flour and grain from the same
shipments Eastward large; fears have at times been expressed
concerning the effect iff the recent warm weather at the WesJt ports from Dec. 26, 1881, to Aug. 5, 1882, inclusive, for four
years:
1878-79.
1879-80.
on the unstacked winter wheat; but these apprehensions have
1880-81.
1881-82.
4,151.006
3,369,045
5,295,308
Flour
bbls.
4,212,478
been dispelled by cooler weather within a few days, and the
39,024,535
37,603,804
30.841,596
bush. 22,385.812
flattering prospects for a large yield of spring wheat have also Wheat
51,001,696
79,524,620
63,969,043
41,134,624
Com
13,352,703
tended to depress prices. The advices from the country dis¬ Cats
14,888.171
21,919.103
1/,655,904
2,071,652
1,667,593
2,050.839
2,127,013
tricts would indicate that the farmers are refusing to sell at the Parley
1,936,959
1,290,897
1,128,153
1,490,147
Rye
present low prices, and this fact is cited in explanation of the
87,793,500 119.908.734 131,975,085 107.387.545
Total grain
small receipts at the Western markets, though it is likewise
Rail shi ments from Western lake and river ports for the
asserted that there is as yet really very little wheat ready for
ed:
weeks en de
1879.
1881.
188.0.
1882.
market. The foreign markets have been less buoyant as the
Week
Week,
Week
^eek
A ug. 9.
weather has been more favorable for harvesting both in Eng¬
Aug. 7.
Aug. 6.
Aug. 5.
107,4/2
103,397
147,167
83,839
bbls.
land and on the Continent. A relic of the old rule in Chicago Flour
-804,112
803,001
is seen in the fact that $1 43 has latterly been bid here for No.
164,462
Wheat
bush. 1,236,932
407,477
689,451
1,141,250
Corn.......
303,816
2 spring to cover contracts there, but there is said to be none
610,062
585,611
873,972
Oats
651,168
1,966
9,404
9,393
whatever here. To-day the market was quiet and l@l%c. Barley
10.927
40.73J
37,781
24,111
Rye
14,416
lower. No, 2 red sold at $112ys@£l 13% for August, $1 13
Total
2,217.259
2,213,183 2,125,251 1,870,352
$1 14% for September, $1 14%@j)l 13% for October, $L 15%@
has sold very




....

r

<0

....

.........

....

THE CHRONICLE
Kftiland lake shipments from same ports for last four week*;
Flour,

Week
tndina—

Corn,

bush.

bush.

0018.

July 29...
July 22...,110.107
July 15..- 8 v i* *
4 WlC8

.»vl il

1. *(>1.702
l.l 71.780

r»u:i. l oo

916.961

1.001.057

308,501

2

.

Outs,

Hurley,

bush.
725.1 .*5
4i7.::oi

1,0»2.6 >2

>.512 3,285.1)51
5....14
2.881,71 J
1 iU.8‘2 i

lag.

Tnt

Wheat,

0.372.125

407.850

4o.87.807 2,0 U 2 i 0
1.) L l.801.080 4.0:5.0 )8

iw’ici'81 ..’705,^22 1,150.5

Domestic Cotton Goods.—The
eiporta of cotton goods f.»r the
were 2,070
packages, 950 of which were shipped to

Rye,

bush.
10 027
8.870
3.770
7.05 1

week

bush.

11,110

Britain,

7. -70
1 1.528
2 1. Ill
(

United

.*>.002

in

Wheat,

Flour,

Portland
Montreal

...

Corn,

Oats,

bbls.
bush.
107.174 1 ,732,530

Barley,

Rye.

bush.
57.003

bush.

bush.

bush.

40,068
201,320
1,400 b
22,883
678,093
11,315
402,550
18.820 1,500.000

101,000
2,800

159,274
44,450

1,750

....

fair

a

aggregate business, and liberal package sales were
of the larger jobbers.
Brown and bleruhed
cottons were in fair
request, and leading makes are so closely
sold up that prices are
very firm.
Low grade cotton flannels
were in
good demand and scarce for immediate delivery, all
makes being largely sold to arrive.
Grain bags were active and
firm at the late advance, and there was a
steady business in
colored cottons at firm prices. Print cloths were in
moderate
demand and firm at about last quotations. Prints were
fairly
active in first hands, and an enlarged distribution was
effected
by leading jobbers. Stocks of printed calicoes are in very good
shape and opeuing prices are fairly maintained. Standard
dress ginghams were opened at lO^c., and considerable
aggregatesales were made by agents representing the most popular

Receipts of tioar ami grain at seaboard ports for the we.-.l
ended Aug. 5:
AtNew York
Boston

Great

290 to Brazil, 190 to Mexico, 141 to Venezuela, 101 to
States of Colombia, 66 to
Hamburg, 56 to Argentine

Republic, 65 to Hayti, &e. There was a steady hand-to-mouth
demand for plain and colored cottons at. first
hands, resulting

31 5 M 1 20 0 !'J

.11 »»>

107

made

17.470

500

8,4 *4

by

some

X
Philadelphia.

Baltimore....
New Orleans.

24,745

48 000

48,100

600

27,000

410,0(58

25,137

Total week... 226 301 5.1 14.(itU
Oor. week ’81-. 200,710 2,587,30L

238.26 1

......

285 915

2,350

17 LTO

2,595,342 360,739
550
5.300
Total receipts at same ports from Doc. 26, 1881, to Aug. 5*

compared with the

1882, as

bbls.

pjour

Total /rain

....

vears :

1879-80.

1878-79.

G,427,178

7,759,941

5,537, L -.l

5.900,400

54.509.169
68,800.235

61,157. 105

16,092,390

13,993,71.6
1,5'9. p.67

05.552.597
71.332.063
12.655 2 >8
1,, 45,2-57

924.595

2,295,986

174,913,652

153.581.141

21,337,3 79
14,438, >86
2.2^7,603
1,019,299

Barley
Bye

three

1880-81.

bush. 31,012.410

Wheat
Corn..
Oats

previous

1881-82.

70,095,082

93.9 47.9 70

2.02.5.883
902,888

142,42 >,565

styles.

Domestic Woolen Goods—There

Flour,

Wheat,

bbls.
111,466
23,768

Corn,

Oats,

bush.

bush.

Rye,

bush.

bush.

27,541
8,028

2,003

2,207,181
51,694

Pea,

bush

8,768

3,737

50

Portland

Montreal

11,883

Philadelphia..

4.809

338,323
20 4 588

Baltimore
Now Orleans..

13,055
2,6 <4

1,086,171
80,488

Total for w’k 168.265
Same time’81. 125.922

621
250

.

1.053

3,968.4 15

38.2^7

3,166

2,288,505

2,085,060

5,173

8.768
7,39l

ports, and in transit by rail and water, Aug. 5, 1882,
follows:

18.832
4S.190

1,998.772
250,0 JO

Albany
Buffalo

39s.624
1,249 656
672,753

Oliieago

Milwaukee
Duluth
Toledo
Detroit

Oats,

bush.

Barley,

bush.

Ry>,

bush.

807,623

102,022

bush.
272 635

25,000
511,162
1,640,317

10,000

Oswego

8t. Louis
Boston
Toronto
Montreal

Philadelphia

Peoria

1,3 19
151.300

Indianapolis
Kansas City

178.076

Baltimore

1.018,778

Down Mississippi.
On rail
On lake
On oaual

335,76 L
1.734,293

2,991,0 13

1,301,000

1,670

Foreign Dry Goods.—There was a further
the d^maud for imported fabrics, dress

improvement in
goods, silks and velvets
having been taken with a fair degree of freedom by Western
and Southern buyers. Millinery goods and ribbons have also
met with increased attention, and
hosiery and gloves were
a trifle more active.
Linen goods were only in moderate de¬

9,000

154,639

4. >77

975

17,719

118.888

648 837
1 36.7*30
65,000
915.5u5
113.6 53
112,577
123,158
390.024

was as

Corn,

93,018
40.853

4.933

31,147

30.000
6,r 83
99.700
18,205

mand, and such

was the case with lacesr and embroideries.
Men’s-wear woolens were in light request, but a fair business
was done in choice cloakings.

5,110

1,549

155,000

2-3,15 4
57,760

476,458
43.402
2,9. >9

424
4.432

1,01 1
3.68 t

12.787
48.309
64.2 47
43,400
47,819
134.788

19,769

2,735

36,<>85

69.943
8.458

959

82.191
7,800

23,268

475,506
1,3o5,<>6 7
376.000

Tot. Aug. 5,'82. 15.139.0 37 6.193.0 78
Tot. July 29. ’82. 13,570,341 6,274,023
Tot. Juty 22,’82. 10,942,208 6.021,95 4
Tot. July 15, ’82.
8.947.805 6,000,134
Toe. July
8,’82. 9.024.412 6,383.650
Tot. Aug.
6, ’81. L7,i>Jl),0Jd 15,894,283

Imp >rl nloui of 3> y G >od<i

11,38*.

The importations of

dry goods at this port for the week
ending Aug. 10, 1S62, and since January 1, and the same facts
for the corresponding periods of 1881, are as follows:

....

-4,500
13,605

H

3,651

2 ST x: %
x

......

10,927

14,416
......

"8

*12,550

1,6 72.077

57 5 42

1,267,087

72,36 4

1,187.234
1,312,8 49
1,675.628

100.817

72.943

605 1 7
637.287
677.810

7,40 4,713

125,573

250,521

65.932

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^package and assorted lots. The market retains the steadiness
of tone noted
for some time past, and nearly all fabrics of
domestic and foreign manufacture are firmly held in both first
aud second




ri

xi

mm

large representation of out-of-town package
buyers in the market the past week, and business was moder¬
ately active in all branches of the trade. The demand for staple
cotton and woolen goods was less active than a short time
ago
—many buyers having completed their early purchases—but
there was a good, steady movement in such
fancy fall fabrics as
dress goods, prints, ginghams, flannel
suitings and sackings,
lmseys, shawls, hosiery, &c. The depleted condition of stocks
at the South was reflected in the
liberality with which selections
were made
by jobbers from that section, and Western and
Southwestern buyers continued to operate with considerable
freedom, but without the least tendency toward speculation.
The local and
near-by trade have bought sparingly as yet, save
mthe case of a few
specialties required for freshening assort¬
ments on hand. The jobbing trade has been very fair for the
time of year, a
large distribution of domestics, prints, flannels,
hosiery,&c., having been made by several of the leading houses
was a

►is

r.

.

Friday, P, M., August 11, 1882.

There

3

b:

X

DRY

^

o x

i

iscel Flax. 8ilk Cot Wool anutj

r+-

30

Malt.

THE

32

4

601,965
667.493

51

7?

o

o-

4,192
635,360
89,765

re¬

sulting in a good business. Repellents were in moderate re¬
quest and there was a limited call for Kentucky jeans, doeskins
and satinets at first hands. Worsted and all-wool dress
goods
were fairly active, and a fair distribution of woolen shawls
and
felt and cloth skirts was male by agents.
Hosiery, knit under¬
wear and fancy knit woolens continued to move
steadily at firm
prices.

The visible supply of gram, comprising the stocks in granan
the principal points of accumulation at lake aod seaboard

bush.

was a

sackings,

1,847

Wheat,

of im¬

has been somewhat less active, as expected, but there
continued brisk inquiry for flannel
suitings and

15,095

it

In store at—
New York
Do. afloat (est.)

movement

no

heavy clothing woolens from first hands, but a fair
business was done in some of the finer
grades of ca'-simeres,
etc. There was some inquiry for
light-weight woolens (for men’s
wear) by early buyers, and a few orders “for future delivery”
were bo )ked*in
exceptional cases, but it is yet too early to look
for much activity in this connection.
Cloakings were in fair
demand by cloak manufacturers and the trade, and
prices are
well maintained.
For staple flannels and blankets the demand

Exports from United States seaboard ports for week ending
Aug. 5, 1882:

From—
NewYork
Boston

was

portance in

.

s
§

X

x
to

t-

THE CHRONICLE.

198

[Vol. XXXV.-.
Commercial Cards.

Commercial Cards.

Financial.

ESTABLISHED

A. H. Brown & Co.,
Dan

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1 Wall

SECURITIES.

INVESTMENT

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No.

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NEW

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OFFER

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GENERAL TRANSATLANTIC CO.
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a

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for

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LABRADOR, Joncla

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INVESTMENT

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LOUIS DE BEB1AN, Agent,
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OPERATORS IN STOCK EXCHANGE SECURI¬

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GUTTERIDGE

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OF
Directors’Office

Herring’s Safes.
THE

IN

CHAMPION

RECORD

ALL GREAT

FIRES.

...

PORTLAND MAINE.

ORGANIZED 1849.

Surplus (Y. V. Standard)
Death Losses Paid

Dividends Paid

-

Policies

-

-

in

$7,078,720 78
"548,497 27
5,545,224 62
3,866.361 83

force, insuring

$28,915,136.
Paid Death

FOUR

Losses, since Organization,

MILLION
And for

DOLLARS,

Dividends,

TlIltEE AND ONE HALF MILLIONS.

JQ1IN

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MAINE.

Assets

E~DeWlTT,

President.

IEL SHARP, Vice-President.
HENRY D. SMITH, Secretary.
NICHOLAS DE GROOT, Ass t

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SWORN BROKERS. No. 7 DRAPERS GARDENS

A. G. MILTON,

London E. €•« England.

Wire

Bowling Green.

Insurance.

15,775

minimum.

W.

MARSEILLES,

Cadiz, Gibraltar & Barcelona.

The following steamers will leave New York direct
for Cadiz, Gibraltar, Barcelona and Marseilles, taking
freight and passengers:
V1LLE DE MARSEILLES
About August 24.
Kates of Passage—For Cadiz and GibraltarFirst cabin, $75 and $00; for Barcelona and Marseilles
—First cabin. $80 and $100. Steerage, $32.
Through bills of lading issued to Mediterranean
Ports, including Barcelona, Algeria, Tunis, Genoa,
Leghorn, Naples, Messina; also, for Trieste and Con¬

PRINTS, DENIMS, TICKS, DUCKS, &C.

IN STOCKS AND SHARES
A

at

Towels, Quilts, White Goods and Hosiery.

'Miscellaneous Securities Bought and told.

WITH

Wed., Aug. 80,0 A. M.

Price of Passage—(including wine): To HavreFirst cabin, $100 and $80; second cabin, $00: steer¬
age, *20—including wine, bedding and utensils. Re*
turn tickets at very reduced rates. Checks drawn on
Credit Lyonnais of Paris in amounts to suit.

Drill8, Sheetings, <£c., tor Export Trade.

AND

HAVRE,

ST. LAURENT. Servan
Wed., Aug. 10.7 A. M.
FRANCE, Perier d’Hauterive...Wed., Aug. 23, noon.

Stocks, Railroad Bonds, Governments and

SPECULATION

YORK and

From Pier (new) 42 North River, foot of Morton 8t.
Travelers by this line avoid both transit by English

SELLING AGENTS FOlt LEADING BRANDS

BROKERS,

Pres’t,

Steamships.

supply, all Widths and Colors, always in stock.
No. 109 Duane Street.

BROWN

J. D. Probst & Co.,
STOCK

thrlvlm
county

Richmond, Vs.

And all kinds of

ON

WEDNESDAYS AND SATURDAYS.

MANURE,”

Crenshaw Warehouse,

CANYA8,
DUCK, CAR
FELTING
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C„ “ ONTARIO ” SEAMLESS
BAGS, “AWNING 8TRIPE8.”

Ocean Mills
SALES of all classes of

Lmg

COTTON

Agents

Undersigned hold REGULAR AUCTION

ORIENT COMPLETE

Dealers in

NEW YORK,

At Auction.

“

And want a good working agent in every
cotton, tobacco, grain and truck growing

Apoly (with reference) to
W. G. CRENSHAW,

SUCCESSORS TO

STOCKS and

BRANDS

EUREKA 99

COTTON SAILDUCK

UNITED

Solicitor and Attorney.

STANDARD

AND

Also, Agents

MONROE, LOUISIANA.

THEIR

ammoniated Bone Supehbhobphate of

STOCKS.

LIGHT

3EL.JBCTRIC

“ Eureka”
“ Orient. \

The Atlantic &
;

or on

Whipple,

SQUARE.)

Works at Orient, L. I., and

108 Hay Street, Savannah,

margin.

Geo.

STREET.

Richmond, va.

YORK.

Warren T. James.

WILLIAM
(HANOVER

brokers,

No.

PRINTERS.

rations with complete outfits

96 Wnll Street, New York,

41 & 43 North Peters St., N.

Cole,

AND

STATIONERS

Xo. 1

YORK.

Thirteen Years’

MERCHANTS IN

AND COMMISSION

BROKERS

AND

BROADWAY,

FACTORS,

MILLERS,

Special intention to business of country banks.

~R.

A

Sears

BROKERS,

AND

BANKERS

1855.

Sec’y.

Actuary.

THOMAS A. FOSTER, Medical Director.

Rope.

STEEL AND CHARCOAL
IKON

of superior qualit

suitable for MINING ANj

HOISTING
Inclined

PURPOSES

INSURANCE COMPANY

Planes, Transmit

pion of Power, Ac. Als<
|Galvanized

Charcoal

an

„„

BB for Ships’ Rigging, Sus
pension Bridges, Derric
Guys, Ferry Ropes, Ac. i
large stock constantly o
hand from which any dc

CSUES EVERK DESCRIPTION




W. MASON & CO..
43 Broadway, New York

.

OF

a

sired
cut
lengths
are
FLAT STEEL AND IROl
ROPES for Mining pui
poses manufactured to oi

JOHN

OF NEW YORK.

T. S .WINSTON, PRESIDENT

HERRING &c CO.,
251 & 252 Broadway, NewjYork.

y/JTERMS ASTAV0RABIE AS THQSL
OFANY OTHER COMPANY > ■
~

ORGA NIZED APRIL 14- 711842

CASHASSETS OYER$82.000.0QO