Full text of Commercial and Financial Chronicle : August 13, 1881, Vol. 33, No. 842 [Copy 1]

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HUNT’S

MERCHANTS’

MAGAZINE,

WjSpapc*,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES,
[Entered, according to act of Congress, in the year 1881, by Wm. B. Dana & Co.. In the wfflce of the Librarian of Congress, Washington, D. C.l

VOL. 33.

SATURDAY, AUGUST 13, 1881.
CONTE NT8.
THE

impression

upon his mind may have been only one
elements that conspired to bring about a crisis.

CHRONICLE.

The Financial Situation

103

Current Supplies
Its Pi ice

Selling One’s Personal Influ¬

103

Monetary

of Wheat, and

The Approaching
tions

163

ence

Railroad Earnings in July, and
from January 1 to July 3L.. 105

French Elec¬

and
English News

Commercial
169

Commercial and Miscellaneous
News
170

167
THE

BANKERS

Money Market, Foreign Ex¬
change, U.S. Securities, State
and Railroad
Stocks

Bonds

New York Local Securities....

Railroad
171

Range in Prices at the N. Y.
Stock Exchange
172
THE

Commercial Epitome
Cotton

GAZETTE.

Quotations of Stocks and Bonds 173

and

174

Earnings and Bank

Returns

175

Investments, and State, City
and Corporation Finances... 176

COMMERCIAL TIMES.
.

179

Breadstufts

185

179

Dry Goods

180

3£Iie Clxrmxxclc.
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and Financial Chronicle is issued every Satur¬
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THE FINANCIAL SITUA TION
At the Bankers’ Convention this week
Niagara

Falls
a share
One gentleman gave strong emphasis to
what he considered the dangers of
.the situation, and his
address has attracted a good deal of noticd We
entirely
disagree with the writer, but without doubtlhe made an able
presentation of the case from his standpoint.
It is re¬
markable, though, to what conclusions one may not he
led, when one reasons by analogy, and allows his feais to
influence his judgment. Certain conditions are observed
to have
prevailed prior to one of the panics of the past.
the present
of attention.

Some of the

13

more

of

a

conditions

are

observable

natural than to conclude that these

now.
are

the

What

signs

corning storm ?

But the

self, does
tae

financial outlook received, of ^ course,

same

reasoner

not

problem.




from

analogy, unfortunately for him¬
always take cognizance of all the factors in
The conditions which make

NO

so

much of

an

842.
of many

For in¬
stance, the failure of Jay Cooke & Co. in 1873 precipitated

panic.

The failure of the Reading Railroad last year,
debt, in its influence
did not extend beyond the stock market and produced
only a temporary effect there, which soon passed away.
Why this difference? Simply because in 1873 long years
of reckless speculation and over-trading,
pervading every
department of trade, had so weakened us that it needed
but a slight shock to bring about a revulsion, while in
1880 we had recovered strength and trade was in a
sound,
healthy state, and therefore in a condition to bear even
severe strains without
causing more than a temporary in¬
a

with almost 200 millions of stock and

convenience.

Then, too, comparisons with tho past are misleading.
one of the striking features of the
day. Growth
everywhere, but nowhere at such a pace as in this coun¬
try. With immigrants pouring in at the rate oi more
than half a million souls a year, with the railroads
being
extended in every direction, opening up vast stores of
wealth, with our agricultural products increasing year by
year and the field of our domestic manufactures widen¬
ing, with foreign nations sending us their gold—with such
favoring conditions, is it safe to attempt to gauge the
future by the past, and to prescribe to trade and com¬
merce old limits?
Is it not more likely that4he limits
will have to be extended, time and again ?
Who can tell
what the future may have in store for this great
country ?
We are led to these reflections because Mr. Thompson’s
paper, which was one of the first read before the Bankers’
Convention, has been widely copied, and given new life and
courage to those croakers and prophets of evil who see
nothing but ruin in prospect for us, and who never cease
to fill the air with'their dismal forebodings.
The Convention appears to have been a great success.
At its meetings were seen most of our principal bankers,
and some of the best minds in tho country.
The
attendance was large.
The meetings are yearly growing
in interest, and they command an
increasing share of
public attention. The deliberations this week have been
closely watched, and well merited* notice. Some of the
most important principles of banking were discussed, and
valuable contributions made to the literature of the subject.
Among the more prominent addresses may be mentioned
that of Mr. George S. Coe—who, by the way, was elected
president of the association, a wise choice—on the future
currency cf the country, and that of Comptroller Knox,
which contained much useful information respecting bank¬
ing. The Convention is still in session at this writing,
and as of many of the leading addresses only telegraphic
Growth is

THE

164

CHRONICLE.

lvol. mm.

abstracts have as

another

circumscribed for the reason stated last week, that the

week

judged,

short

yet been received, we defer until
extended comment. So far as can be

more

the papers were all
them instructive.

•

still continues. The representatives
of the roads met at the Pool Commissioner’s office on

Wednesday, conferred regarding the war on freight rates,
and decided to advance the rate on east-bound grain to 20

100 pounds on August 22, thus giving the usual ten
days’ notice. But it appears that this action was not unani¬
mous.
Only one of the Vanderbilt roads was represented,
and it was on Thursday asserted that the trunk line roads
would not consider themselves bound by the decision of the

cents per

claimed that the officers attending the
chiefly represented Western roads, that they
were naturally anxious for an
adjustment of the differ¬
ences, because their lines were suffering from the fight,
and that they assented to the proposition to restore rates in
the hope that such a course would bring about a settlement.
Those who believe most strongly in a continuance of the
conflict, maintain that Mr. Vanderbilt is fighting for an
entire reorganization of the east-bound pool on a basis
wholly different from that on which it is now organized.
It

stock market is

the

was

why differential
should be made in favor of Baltimore and Philadel¬

He himself asserts that he sees no reason

phia roads that have no claim upon the business of this city.
Possibly for the want of a better explanation of his per¬
sistence in continuing the fight (for it is assumed that it is
within his power to end it at any time), it is stated that
Mr. Vanderbilt insists upon a

large.

The

exchanges .show a little lower late at Chicago and
St. Louis, but the rate is still high enough to carry gold to
those pqints.
The Treasury operations for the week
include the receipt of $500,000 gold from San Francisco
and $600,000 from Washington.
Deducting these sums
from the receipts, the Treasury shows a gain of $3,807,.
956 27, which is a loss to the banks. The Assay Office has
paid out $88,813 for domestic and foreign bullion, and
the following shows the daily receipts by the SubTreasury from the Custom House.
Consisting of—
Duties.

Date.

conference

rates

so

domestic

readable and interesting, and many of

The railroad war

meeting.

in

interest

reorganization of the pooh

Gold.

U.S.

Silver

Silver

Notes.

Dollars.

Certificates,

$277,COO

$17,000

132,000

11,000

a

6....

$556,474 13
274,035 65

<(

8....

567.333 08

229,000

16,000

a

9....

11....

817,115 98
519,645 40
613,016 09

283,000
249,000
283,000

39,000
26,000
30,00<

Total...

$3,347,620 33

Aug.

5

...

'

a.

a

10

The

...

$1,453,000 $139,001

«•

$263,000
130,000

$1,000

1,000

322,000
495,000
244,000
299,000

$3,000

$1,753,000

,

1,000

following exhibits the Sub-Treasury movement for
August 11th and also the receipts and ship¬

the week ended
ments

of

gold and currency reported by the leading banks.
Into Banks.

Out of Banks

644,000

1,445,000

$3,807,956
801,000

$644,000

$5,252,956

$4,608,956

$3,807,956

Treasury operations, net
Interior movement
Total

The

interior movement

Net.

given above embraces all the

receipts and shipments of gold and currency reported to
basis—the receipts from all the roads being us
by the principal banks for the week ended August 1 lth;
pooled and divided more equitably. This plan was infor¬
which, stated in our usual form, were as follows.
mally discussed at the May meeting of the pool, but no
upon a money

stated the managers
considered that it was somewhat premature.
Exactly
what Mr. Vanderbilt does want, however, has not yet
action

was

taken because then it

was

expressed his views in a general
way, but no plan has been brought to the notice of the
public, although it is possible that his wishes may be
understood by his opponents.

been made clear.

Receipts at and Shipments from N. T.
Currency

we

have had another week of ex¬

Shipped.

$604,000

$700,000

40,000

745,000

$644,000

$1,445,000

Gold
Total

He has

In the stock market

Received.

Bank of
America repository during the wTeek for distribution
among city banks. The Bank of England reports a loss of
£573,000 bullion for the week, and the Bank of France
$1,100,000 gold has been taken out of the

pectancy. With the exception of on Monday, when the tone shows a decrease of 6,400,000 francs gold and an increase
was heavy by reason of the unfavorable news
regarding of 100,000 francs silver. The Bank of Germany has, since
The following gives
the President, speculation has been almost stagnant and our last report, lost 2,700,000 marks.
there has been little disposition to trade on either side of the amount of bullion in each of the principal European
the account.
The operators for a rise were apparently banks this week and at the corresponding date last year.

waiting for some definite information corcerning the set¬
tlement of the railroad war, and those operating for a fall
were not particularly anxious to make speculative sales
which might have to be covered at a loss.
The oversold
condition of the market was such as would not justify the

Aug. 11, 1881.

Bank of

England

Bank of France
Bank of Germany

Aug. 12, 1880.

Gold.

Silver.

Gold.

Silver.

£

£

£

£

23,680,207
24,683,686
25,366,432 50,448,010 30.356,185 50,011,216
9,281,470 19,568,370

9,246,333 18,492,667

expectation of any further serious decline unless more
59,331,583 70,016,380 68,282,725 68,533,883
stock came out than had been recently supplied, and it Total tliis week
Total previous week
60,194,588 70,114,380 68,738,327 69,981,393
was pretty evident that investors were holding their pro¬
The above gold and silver division of the stock of coin of the
perty and that outside speculators were judiciously buy¬ Bank of Germany is merely popular estimate, as the Bank itself gives
information on that point.
ing, confident either of the speedy settlement of existing
We learn on good authority that there are at least
differences among the railroad managers, or being assured
that the war was not doing as much damage to the roads $500,000 of gold now afloat for this port from Europe.
as had been represented.
The declaration by Mr. Van¬ The shipment of this lot has mot been reported by cable,
derbilt that his roads were making money notwithstanding but the gold will arrive here probably by the latter part
It is supposed that this consignment is
the cut, and the assertion of other managers that the of next week.
trunk lines generally were doing a larger passenger busi¬ being brought out on speculation.
The bills required to
be remitted will not be bought until the arrival of the gold,
ness than they did when schedule rates were maintained,
seemed to confirm speculators in the idea that the war was and while the rates are not now quite low enough to make
not likely to prove ruinous.
Under these circumstances it the operation profitable it is possible that the bills may be
is not surprising that while the market was dull, it had a obtainable at sufficiently low rates by the time the gold
moderately firm undertone most of the time.
gets here. It is reported that other large sums of gold
Money continues in abundant supply and the demand is are in transit, but this is scarcely probable as the with*




no

August

THE

IB, 1881.J

drawal of any

CHRONICLE.

considerable amounts would have been

likely to attract attention in London.
The foreign exchange market has been dull and weak,
and it remains without special feature. The transactions
in securities by cable have been insignificant, and the
margin of profit will be seen by the following; showing
relative

prices in London and New York at the opening

Aug.
Land'n

8.
N.Y.

Aug.
Lond'n

9.

Aug. 10.

N.Y. Lond'n N.Y.

Aug. 11.
Lond'n N.Y.

Aug. 12.
Lond'n

N.Y.

price-v.+ prices. prices.* prices. prices.* prices. prices.* prices. prices* prices.
U.S.4s,c. 116-40
U-S.3%s 101-85
2d

43-40
con.

102V3

Ill. Cent. 134-34*
C.. 143-94

N. Y.

Reading

32-731

116>*

11640

102%

101-85

43%
102%
135M
143%
64%

4316

110%
102%
43

102-09

102%
132-89* 135%
143*31

143%
32-49+
61%

11652

116-52

102-33

116%
102%
43%
102%

13458*

137

134-46?

144-04

144

144T0

102-09

43-89

32-98

65%

102-09

43-89
102-33

32*61+

116% 110-64
102% 10209
43% 43-65
103

102-33

137% 13410*
143% 144-04
65

31-70

116%
102%
43%
102%
138

143%
63%

Exch’ge,
cables.
*

reasonable

calculation, the- question arises, are ourforeign buyers in position to get along with 120 million
bushels of wheat for the current fiscal year, in the place
185
of
million bushels for the
fiscal
year
just
And if they are, what proportion of 120
closed ?
million bushels will go to Great Britain.
Of the exports of
wheat from September 1, 1880, to the close of July, 1881,
a

(eleven months of what

each day.

Erie

this be

4-85

4-85

4-85

4-85

4'85

Expressed in their New York equivalent.

+ Reading on basis of $50, par value.
* Ex interest.
r

Note.—The New York equivalent is based upon the highest rate for
cable transfers, which ordinarily covers nearly all charges,

such as

interest, insurance and commissions.

Government bonds have been

steady to strong, with

a

165

may

be termed the

crop

year),

only about sixty per cent went to the United Kingdom.
Precisely how much will be taken from us this year will
depend upon prices during the winter and crop pros¬
pects in the- spring.
Our exports have recently been
greatly curtailed by the price and by favorable crop pros¬
pects abroad. At GO per cent, with 120 millions as our
total exports, there would remain for Great Britain only
72 million bushels from the growing crop, against about
111 million bushels exported in the fiscal
year 1880-1..
Will this, together with her supplies from other sources,
be sufficient to meet the wants of the United Kingdom ?
These questions relate more particularly to prices later
on.
For the present, we must consider Great Britain’s'immediate needs, and our ability to supply them.
She
has a fair average crop, and such weather as to promise to
make it early available for market.
But for some time
past the farmers’ deliveries and the imports from foreign
countries have not equalled her estimated consumption.
It follows that her stocks have been undergoing a reduc-,
tion.
At the latest dates the quantity of wheat (including

good counter demand for the extended issues and the 4
The fact that there have been sales of 5 per
per cents.
cent coupon bonds on options which expire beyond the
time, August 12, when these bonds are payable by the
terms of the circular of May 12, leads -to the impression
that parties who were unable to send in their bonds in flour) afloat for the United Kingdom was 13,872,000
accordance with the notice they gave the Department are bushels, against 14,816,000 bushels at the corresponding
being favored by an extension of time. In a letter dated date in 1880. The quantity afloat for the Continent, as last
August S, addressed to the Bankers’ Convention, Secretary made up, was 4,200,000 bushels, against 4,9G0,000 bushels
Windom says: ‘kThe transactions concerning the 5 per at the corresponding date in 1880, a slight decrease.
The
cents are not quite completed.
Probably there will be total foreign exports from the seven principal Atlantic ports
continued in all about $400,000,000 of this loan, leaving for the eight weeks ending August 10 were (including
to be paid $30,708,050, the remainder of the loan having
flour) 17,165,084 bushels, against 30,GO6,785 bushels inthefrom
already been paid
the surplus revenues under calls corresponcling period last year, a decrease of 13,441,701
If
this
calculation of the Secretary is cor^ bushels, or nearly 44 per cent. This is a serious falling off.
previously made.”
rect, there will be $178,055,150 extended Gs and $400,000,. Yet it has not been attended with any marked increase in
000 extended 5s, making $578,055,150 of
our accumulations. The visible supply of wheat at our prin¬
per cents.
cipal points, as last made up, was 17.539,095 bushels, against
CURRENT SUPPLIES OF
WHEAT AND ITS 14,791,197 bushels at the corresponding date in 1880. The
receipts of -wheat at the principal Western markets have
PRICE.
been on a much smaller scale than last year.
For tha
A speculation in wheat, looking to an advance in prices,
past four weeks they amount to 5,814,000 bushels, against.
has been prosecuted with considerable vigor, especially at
11,GOG,000 bushels for the corresponding period of 1880,.
the West, though finding some support in this market, and
a
falling off of about 50 per cent. In the last week, how¬
apparently having an important effect upon values in Lon¬
ever, counting the increased quantities of flour coming
don. This is certainly to be deplored.
It adds to the
forward, the falling off has been only about 20 per cent.
risk and burdens of commission merchants and bankers—
Whatever may be the range of values later in the crop
the parties who “ handle” the crop. It hinders the regular
year, it would appear from this that Great Britain, while
operations of millers, by giving an uncertain basis of
contemplating her own improved crop prospects, has given,
values on which to make contracts for their products.
It
too little heed to keeping up her stocks, and made
delays the movement of the crop when the facilities for too little allowance for a
possible decrease in the Ameri¬
moving it are at their best—giving light stocks at the can
yield this year, and that consequently she has ex¬
seaboard at the close of inland navigation.
These circum¬
posed herself to a speculation on her present needs which
stances make a speculation for higher prices at the opening
may force prices up much higher, and, as we have pointed
of a season
quite unfortunate, to say the least.
out in the opening paragraph, disarrange the whole sea¬
Whether the speculation has just basis , is, however, a
The price is now about 25 cents a bushel
son’s business.
question worth examining.
The crop of wheat for 1880-81
higher than one year ago, and much above the averagewas set down
at 480 million bushels,
of which about
of August in recent seasons; and this fact ought to sug¬
three-eighths were exported. There does not appear to be
gest prudence to speculators for the rise.
much doubt now that the crop in the United States for the
season of 1881-82 will be smaller than the preceding one.
Let us assume that it is one-eighth smaller. Our home con¬ RAILROAD EARNINGS IN JULY,. AND FROM
JANUARY 1 TO JULY 31.
sumption is not likely to diminish—in fact, it may be ex¬
Railroad earnings are again very satisfactory.
pected to increase somewhat. Suppose, however, it is the
Forty,
same.
Then, if our crop is one-eighth smaller, the exports seven roads reporting, on earnings of $15,354,850 in July,
can not be more than two-thirds as
large as last year. If 1880, show -a gain this year of $2,599,461, or about 17




,

THE

166

CHRONICLE.

i Vol. XXXIII.

Mileage has increased only 11 j per cent, so that the latter in the table above indicates an increase, but if the
earnings have risen from $488 per mile to $511 per mile. earnings were based on the same mileage for last year as
The percentage of gain is certainly remarkable, in view of heretofore, there would be a decrease of over $96,000.
the large increase of almost 35 per cent in July, 1880, Union Pacific makes a large gain, and so do the roads in
over 1879, and of 9 per cent in 1879 over 1878.
The the Northwest and those in the Southwest—prominent
larger earnings this year were made, too, in spite of a among them St. Paul, Northwest, Minneapolis & Omaha,
smaller grain movement.
The receipts of wheat and corn, Minneapolis & Manitoba, Northern Pacific, Missouri Kan¬
but especially of wheat, at Western ports have of late sas & Texas, and Texas & Pacific. In order to exhibit the
weeks shown a large decrease. Last year there were early grain movement this and last year, we have had prepared
receipts from the crop of winter wheat, while this year the following table, showing the receipts of flour and
the crop is very much backward and also greatly dimin¬ grain at the principal Lake and River ports for the four
ished in quantity. This difference between the two years wTeeks ended July 30. The falling off, it will be noticed,
operated to the disadvantage of those roads having a large is very decided at Toledo and St. Louis.
RECEIPTS OF FLOUR
GRAIN FOR FOUR WEEKS ENDED JULY 30.
grain traffic, and may be an unfavorable influence for some
weeks to come, or at least until spring wheat comes for¬
Flour,
Corn,
Oats,
Wheat,
Barley,
bush.
bbls.
bush.
bush.
bush.
bush.
ward or farmers are more willing to market their supplies
per cent

AND

of old wheat still

on

hand.

The roads in the South and

Southwest had the benefit of

augmented cotton move¬
ment, though this of course is not of large dimensions at
this season of the year.
Below is our usual table of earn¬
ings and mileage.
an

GROSS EARNINGS AND MILEAGE IN JULY.

Gross

Month

1881.

Alabama Gt. South
Burl. Ced. Rap. & No.
Cairo & St. Louis*
Central Pacific
..

Chicago & Alton
Chicago & East. Ill...
Chic. & Gr’nd Trunk t
Chic. Milw. & St. Paul.

Chicago <fe Northwest.
Chic. St. P.Minn. &O.
Cincinnati & Springf..
Cflev. Col. an. & Iud.
Clev. Mt. Vern. & Del*
Denv. <fc Rio Grande..
Dee Moines & Ft D.*.
Detroit Lans’g & No..
East Tenn. Va. & Ga.
Hint & P6re Marq....
Great West’n of Can.}.
Green Bay & Minn.*..
Hannibal & St. Jos...
Houston & Tex. Cent..
Illinois Central (Ill.)..

(Iowa lines)..

Do

Jnd. Bloom. & West...
Do
OhioDiv...

Indianap. Dec. & Sp..
Lake Erie & Western.
Louisville & Nashv...

Memphis & Char’ton.
Memphis Pad. «fc No.*
Milw. L. Sh. & West..
Mo. Kan. & Texas$...
Mobile & Ohio
Norfolk <& Western...

Northern Pacific
Pad. & Elizabetht’n*.

Peo’ia Dec.&Evansv..
St. L. A.&T.H.m.line
Do

do

(branches).
St. L. Iron Mt. & So...
8t. Louis & San Fran..
St. Paul Minn. & Man.

$
57 982

174,351
23,820

1,859,000
671,466
125,884

76,802
1,569,000
1,928,099
364,680
82,501

380,135
20,175
548,284
25,260
116,847
222,769

137,640
338,427
23.066

198,110
237,666
548,936
168,158
83,764
71,775
45,582
122,980
820,000
90,039
14,113
49,631

667,061
131,009

161,940
404,180
26,320
51.913

+ 0,500

92,699
195,556
113,489
365,125
18,794
224,312
227,679
587,732
136,363
103,437
69,940

+24,148
+ 27,213
+ 24,151
+ 23,302
+ 4,272

42,908

+ 2,674

2,415

840
220

335

840
220
335

3,800
2,770

3,111
2,492

936
80
391
144
847
87
225
775
318
823
210
292
522
919
402
212
190
152
385

794
80
391
156
505
87
209
775
318
823
210
292
522
919
402
212
190
152
385

+ 47,463
+ 21,407
+ 2,682
+ 19,734

1,840

1,840

330
113
246

330
113
218

441,305
130,740
145,585

+225,756

1,605

1,315

+269
+ lb,3oo

506
428

241,277
20,675

+162,903

754

+5,645
+ 9,248
-24,379
-8,024

186
248
195
121

506
428
722
186
190
195

+ 84,64o

686

686

+38,378
+ 115,390
+4,360

593
860
821

565
656
100
500

3,480
2,479

3,056
1,928

118,352
772,537
68,632
11,431
29,897

432,655
213,955
272,039

2,528,826
1,131,752

33,959
145,985

1,934,215
1,065,080

+ 30,918
-429

+18.933
-37,440
+11,7 56
-8,418
+ 542,292
+ 228,413
+12 / ,68-»
+ 1,566

-65,243
+ 650

-26,202

+9.987
-38,796
+ 31,795

-19,673
+ 1,835
+4,628

+ 104,269
+ 594,611
+ 66,672

100

121

17,954,311 15,354,850 + 2,599,461 35,111 31.424

Total
Three weefcs

+ 176,094

19,760

2,634

517,300

250,254

$
■f 10,457

1880.

296
492
146

52.924

Scioto Valley

Increase or
1881.
Decrease.

296
564
146

44,900
252,333

Mileage.

$
47,525
143,433
24,249
1,840,067
708,906
114,128
85,220
1,026,708
1,699,686
236,995
80,935
445,378
19,525
372,190

113,774

Texas & Pacific*

Union Pacific
Wab. 8t. Louis & Pac

1S80.

42,665
138,153

387,488
38,319

*

Earnings.

of July.

only of July in each year,

t For the three weeks ended July 16.
i For the four weeks ended July 29.
§ Including International & Great Northern.
Our list does not embrace any of the

220.186 1.160,371 9,822,230 2,192,025
144,169 1,531,233 11,031,923 1,079,608

1881

1880
Milwaukee-1381
278,043
1880
176,810
St. Louis—

926,255
409,373

98,500
102,000

3 881
94,184 1,579,119
1880
128,007 3,841,939
Toledo —
1881
4,393 1,093,475
1880
'750 3,515,056
Detroit—
1881
135,039
20,670
1880
16,137
230,839
Cleveland—
1881
97,183
9,372
1880
8,038 282,850
Peoria—
1881
40.675
o,495
1830
18,117
41,625
Duluth—
1881
57,131
9,050
1880 ......
6,700
8,088
*

Indiana

of Canada—also shows

13,501 156,254

152,150
118,631

24.875
37,320

12,237
13,692

973,265
1,332,375

494,434
341,134

6,464
6,232

17,912
18,510

739,822
869,885

25,125
37,614

127,349

42,13®
21,247

13;716

284

647

437

-

261.956

56,843
52,700

.710

500

366,100
1,549,950
972,100

202,925
610,900

13,150
24,800

26,025

77,925

356,101

1881
18S0

641,393 5,089,248 13,573,072 3,165.639
498,778 9,861,003 15,047,200 2,261,834

67,485 142,048
82,500 266,818

The cotton movement in the two years is
the following table of receipts at the principal
RECEIPTS OF COTTON AT SOUTHERN PORTS IN JULY,

1881.
Galveston

bales.

Indianola, &c
New Orleans

9,550

3,883

162

36

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

12,555
2,277

13

8,260

Brunswick, &c

164

Charleston
Port Royal, &c

3,188

Wilmington

1,040

Moreiiead City, &e

184

2,394
....

4,749
378

City Point, &o
Total

For the first

seven

the roads below

are

Inc..
Inc
Inc..

11

,

n

lUjDo /

per

outports.

1881 AND 1880.

1880.

17,970
3,021 '

Mobile
Florida
Savannah

indicated in

..

QOO

1,766

1,446

56,005

35,121

Inc..

..

5,667

..

5,415

126
744
13

5,866

..

164

..

1,561

..

662
173

..

320

..

Inc.. ..20,864

months of the year, the earnings of
in the aggregate $17,856,989, or 18^-

cent, larger than in the corresponding period of last

year.
The Chicago
and the Wabash,

& Alton, the Hannibal & St. Joseph
(the latter based on the old" way of
reporting) all of which were severely affected by last win¬
ter’s storms and floods, are about the only ones that now
still have a decrease of any consequence.
Thus gradually
the loss of the earlier months of the year is being wiped
out.
Subjoined are the figures for each road.
31.

great trunk lines,

a

decrease.

The

Bloomington & Western, too, was probably affected
to some extent by the war, which may account in part for
its loss of $19,673.
The Great Western of Canada has an
increase, however. The only other lines that have suffered
any material diminution in receipts appear to be thosq
connecting Chicago with St. Louis or with points on the
Missouri River—such roads, for instance, as the Chicago
& Alton, Hannibal & St. Joseph, and the Wabash; the




’

Total of all.

1881.

do not know the effect upon

Grand Trunk

'

85,090

-

-

.....

22,286

GROSS EARNINGS FROM JANUARY 1 TO JULY

them of the existing
war of rates ; but the Cleveland Columbus Cincinnati &
Indianapolis, which has a large through business, reports
a diminution in receipts of $65,243 for the month.
The
Chicago & Grand Trunk—the Chicago extension of the

so we

-

Chicago—

1880.

$

$
Alabama Gt. Southern...
Burl. Cedar Rap. & No...
Cairo & St. Louis*
Central Pacific

Chicago & Alton
Chicago & East. Illinois..
Chic. & Grand Trunkt...

Chicago Milw. & St. Paul
Chicago & Northwest

Chic.St.P.Minn.&Omalia.
Cincinnati & Springfield.
Clev. Col. Cin. & Tud
Clev. Mt. Vernon & Del*.
Denver & Rio Grande....
Des Moines & Ft. Dodge*
Detroit Lansing & No...
Flint Ar Pere Marquette..
Great West’u of Canada^.
Hannibal & St. Joseph...
Houston & Texas Cent...
*

inree

402,604
1,171,384
227,422

12,652,544
3,917,422
888,315
754,306
8,689,000
10,955,495
2,048,285
554,307

2,375,409J
223,746
3,104,043

X January 1 to July 29.

Decrease.

$

$

69,113
45,604
23,214
2,307,785

215,638
241,456

638,235

116,071

6,474,173

2,214,827

10,184,339
1,573,132
509,791
2,360,904
231,637
1,439,018

771,156
475.153
44,516

-

154,810

14,505

........

7,891
1,665,025

180,951
739.104
1,042,307

661,706

2,972,485
1,210,452

2,751,533
1,360,866

220,952

1,971,876

1,688,512

283,364 aj

weeks only of July
1 to July 16.

t January

333,491
1,125.780
204,208
10,344,759
4,133,060
646,859

Increase.

856,605

in each year.

26,1431
77,398
185,702

.

........

150,414

August 13,

THE CHRONICLE.

1881.]

167

——

1830.

Increase.

$

*

$

Decrease.

Do

Lake Erie

Mobile <fc Ohio
Norfolk & Western
Northern Pacific

,

,

Peoria Doe.A. Evansville
8t L.A AT. H.main line
X)o
do (branches).
St.L. Iron Mt.& South’ll

212,201
830,806

107,14 2

Pacific.

Wabash St. L. & Pac

513,730
165,253
1,345,487

........

........

100,134

20,230

290,151

215,366

74,78>

5,856,909

1,157,910

1,139.804
2,018.099

100,668
107,781
461,16ft
71,531
117,601

114,741,590

Total

48.540

7,014,819
2,240,532
1,155,883
1,639,867
274,018
336,185
835,953

2,335,768
203,379
1,898,642
14,057,408
7,359,017

Pacific*

10,702

127.372

1.175,702
202,487
218,584
767,699
362,815
3,051,141
1,330,017
1,710,090
169,221

........

........

........

........

........

68,251
50,599

1,294,331

801,588
383,080
625,678
34,158
604,311

12,385,359
6,375,877

1,672,049
983,140

1,714,003

33,201

•

661,264

3,852,729

& Man—

10,637

573,323
4,520,818
561,130

413,441

Louis & 8. Francisco

Union

673,141

260,741
5,866,305

Paducah & ElizabetliCn

Texas &

662.439

738,576

& Western

Louisville k Nashville..
Memphis & Charleston..
Memphis Paducah & No.
Milw: L. Shore & West’ll
Missouri Pacific

8t. Paul Miuu.
Soioto Valley

9

1 344,536

Internat’l As Cf. Nortli..

17,831

907.436

96,884,601 18.292,066

........

........

'

Three weeks only of July iu each year.
Note.—The Wabash has made a change in its mode of reporting earn¬
ings. Formerly, iu instituting comparisons between this year and last
*

the earnings for last year were made to embrace all lines then iu
operation, whether at that time forming part of the Wabash system or not.
This made the mileage pretty nearly the same in both years, the differ¬
ence being only 95 miles, and this due to the construction of the Chioago

year,

line. Now the company compares the mileage of the present system
with that of the system as it existed a year ago—that is, it compares
the earnings of 2,479 this year with the earnings of 1,928 miles last

year.

As a consequence the earnings for the period from January 1 to

date now show a large
decrease of $120,000.

increase, whereas

a

month

ago

they showed

a

Net

earnings for the first half of the current year, on
companies that have as yet furnished their
returns, make a pretty good exhibit, considering the
adverse influences that were at work during part of that
period. The one or two roads from the West clearly
show the effects of last winter’s severe weather, while the
Northern Central, the Pennsylvania, and, as a rule, the
roads in the South, record large improvement cn last year.
This will be seen in the subjoined table.
the few

1 TO JUNE 30.

EARNINGS FOR JUNE, AND FROM JANUARY

January 1 to Date.

For June.

Name.

Gross

Operating

Earnings Expenses. Earnings
$

24,422
2',147
205,912
153,378

Boat. & N. Y. Air Line.1881
1880
Do
do
Burl. Cedar Rap. & N0..I88I
1880
Do
do

Clev. Mt. Vern. & Del. .1881
Do
do
1880
Des Moines & Ft. D’ge. 1881
Do
do
1830

37,547 def. 2.003

35,054
32,880

35,793 def. 739
■*42,710 def. 9,830
10,033
13,483

£
68,200

74.000

£

53,560
53.500

$
Mem. Pad. & Northern 1881
do
Do
1830

Northern Central
Do
do

1881
1880

Penn, (all lines east of
Pitts. & Erie)
1881
Do
do
1830
Phila. & Erie

1881

Do

1880

do

St. Louis Iron Mt. & So.1881
Do

1880

do

10,801
10,297
65,030
50,100

35,484

24,121

Great West, of Canada. 1881
Do
do
1880

*
13,501
11,850
140,282
103,272

L2.600

17,746
14,209
487,287
419,193

13.500
305,596
275,266

3,807.437

2,318.804

3,221,476

2,209.229

850,585
331,024
474,302
363,454

222,576
242,609
401.124
309,607

Gross

Net

$
133,843
132,692
997.033

982,347

$

60,411
00,019
242,207
349,728

23,705
203,571
212,002
42,682
155.092 def.
723
135,053
53,238
£

£

14,700
20,500
$
5,146

Net

Earnings Earnings
.

rest.

$
113,259
95,711

181,691
143,227

2,605,866
2,215,790

1,488,543 21,553.839
1,012,247 19,434,071
128.009
1,723,021
88.415
1,771,798
73,178 3,335,429
53,787 2,618,486

own

£

$
17,138
10,931
1,040,466
688,715

8,997,154
8,094,409
605,652
020,909

805,476
755.827

January 1 July 31.

A recent writer has told

us

that “ France is that

sacred mount whence the Eternal issues in thunder his

commands to the

world;” that “ France is the Sinai of
magnificence of estimate and grand¬
iloquence of expression there is no doubt a tinge of the
ridiculous; but it is not to be denied that amid all this
exaggeration there is more than a .mere shadow of truth.
In times gone by, the movements of France were a real
cause of
anxiety to Europe; and even in these more recent
days the nations pause, so to speak, when France is in the
throes of an electoral campaign, and seem to breathe more
freely when the struggle is ended and the result is known.
Providence.”

The

In this

approaching elections, which it is- expected will
Chamber of Deputies,

affect the character of the present
are looked forward to with some

anxiety by the French
people themselves. Gambetta, although defeated in his
recent attempt to change the mode of election, and to
substitute the Scrutin de Liste for the Scrutin d*Arrondisse-

ment, has not abandoned his purpose.
The certain effect
of the change of the electoral law, as proposed, would
have been to stifle sectional sentiment and to make the
Chamber

representative only of the masses. It would
completely silenced the minority. Under the present
system a Legitimist, an Orleanist, a Bonapartist, has a
fair chance of finding a constituency, and thus a place in
the House of Deputies; but under the Scrutin de Liste
arrangement all these would be barred out.
This,
however, is precisely what Gambetta wants. The Repub¬
lic, according to him, should be served by Republicans.
His theory is, that if France is to remain republican there
must be no check to the will of *the majority.
He has
even gone so far as to speak of the Senate as obstruc¬
tive of the popular will; and one of the objects which he
aims at is such a reconstruction of that body as shall
have

make it subservient to the Lower House.
Late

news

is to the effect that

a

Gambetta Committee

has been

formed, that Gambetta himself has assumed its
direction, and that the object of the committee is such
as

709

July.

importance and of the importance of
country. It is an old saying of theirs that Paris is
France, and that when France is at peace the world has

435,677

17,856,93!)

Net increase

idea of their
their

$

3,487,491

3,469,663

Central (HI. line) —
(la. leased lines)
Indiana Bloom. & West.
Ind. Decatdr & Spring!.

El.

gt.

1881.
■

'

*

we

have above

indicated—the

furtherance

of

the

so-called republican cause

during the general elections. It
is not surprising to hear that the leaders of the different
parties are vigorously active, and that even among repub¬
licans there is division of sentiment.

the

The Royalists and

Bonapartists have both their electoral committees; and
calling for subscriptions. Prince Napoleon is in

each is

favor of such

a

revision

of the constitution

as

shall permit

by the direct vote of
is in favor of a plebiscite.
196 500
2,160,877 1,029,398
400,500
210,000
Oregon R’y & Nav. Co. .1881
1.774.053
959,287
Do
do
1880
273,145
154,000
useful to the Bonapartes.
119,145
May.
Gambetta’s
While
organ, the Republique Francaise, enjoins
J Jan. 1 to May 31.
Name.
Net
Net
Gross
Operating
all republicans to withhold their votes from any candidate
)
Gross
Earnings Expenses. Earn ings. i Earnings Earnings
who attempts to take up an independent position or who
Cairo & St. Louis
1881
$170,051
$31,876
$34,418 df.$2,542
$25,084
Do
do
35.747
31,943
1880
146.091
12,842
3,804
declines to support a thoroughly progressive Cabinet, his
fhr. Trunk of Canada. ...1881 £180,717 £119,553
£61.161
£885,277 £282,774
Do
240,010
do
1880
822,755
107,240
51,099
158,939
former friends at Belleville denounce him as a bourgeoise
N.Y. Lake Erie & West. 1881 $1,770,891 $1,076,920
$699,£65 $8,202,411 $2,607,390
Do
1880 1,592,544
do
7,429,252 2,735,704
972,435
020,109
traitor, and threaten him with the fate of Clement
Pad. & Elizabethan ....1881
5 604
58.904
35,509
210,063
41,113
Do
24,052
do
1R80
4,110
152.511
35,084
28,162
Thomas.
In one sense, therefore, the elections will be
Includes large amount spent for steel rails.
exceedingly interesting. They will declare France’s esti¬
the approaching french elections.
mate of the great tribune.
If the estimate is favorable,
It is now definitely understood that the elections for the the presumption is that he will accept the position of
French Chambers will take place August 21. Elections responsible minister, and that the next step, although not
in France, whether for the
purpose of filling municipal immediately, will be into the Presidential chair.
If the
offices or vacant seats in the Chamber of Deputies, are estimate is unfavorable, which it is hardly likely to be,
always invested with more or less interest, and gener¬ the future is more doubtful. In the meantime, he is
ally have the effect of arresting the attention of the beyond all question the foremost man in the republic.
outside world.
Frenchmen have probably an exaggerated Too far advanced for the Royalists and even for some of
Name.

Gross

Operating

Net

Earnings Expenses. Earnings

•

c-

,

*




Gross

Net

Earnings Earnings

the chief

of the. State to be elected

the nation—that is to say, he
Plebiscites have always been

THE

168

CHRONICLE.

[Vol. XXXIII.

latter’s account of the

affair, asked him to call the atten¬
Rustem Bey to the Winchester repeating rifle.
Said Oscanyan: “If you can give me commissions I will
use
my influence for ‘you and do all I can for you.”
what in the event of success will be the character of his Said Winchester: “ You shall have commissions; we will
“agree upon that.” Upon faith of this assurance, and of
policy.
It seems as if France had reached another crisis period a written promise afterward given that his commission
in her eventful history.
For ten years she has been con¬ should be 10 per cent, Oscanyan urged the Winchester rifle
tented to walk in the shade, minding her own affairs. upon the attention of Rustem Bey, and by exertion of per¬
Now, having recovered her strength, she walks forth into sonal influence succeeded in obtaining, first an order for
the sunlight and interferes with the affairs of others. The 1,000 rifles for the use of the Imperial body-guard, and after¬
republic, hitherto, has been tentative. Now an attempt is ward orders for other arms amounting to about a million
to be made to make it absolute.
What is to be the result ? and a quarter of dollars in the aggregate. In negotiating
Is it to be progress or reaction ?
The experience of the and obtaining these orders, Oscanyan had, according to his
last eighty years makes it doubtful.
Action and reaction, account, serious difficulty to overcome, arising from the
fact that Rustem Bey saw objections to the Winchester
progress and retrogression, have been strikingly character¬
istic of modern French history ; and the one, strange to rifle and preferred another, and the first order was given
say, has invariably been begotten by the-other.
With by him as a personal favor to Oscanyan, and because he
understood Oscanyan was to have a commission.
some anxiety, therefore, the world awaits the outcome of
Without hearing any witnesses, or inquiring for any par¬
the present contest.
ticular grounds of defence, both the Circuit Court, where
the cause was first tried, and the Supreme Court, have pro¬
SELLING ONE'S “ PERSONAL INFLUENCE?
nounced the engagement between Oscanyan and Winches¬
The merchant or manufacturer who desires to obtain
ter to be, upon Oscanyan’s account of it, one which the
a,
contract for furnishing supplies to government, often
law will not enforce.
As Oscanyan was an officer of the
desires to know what means he may lawfully use to obtain
Turkish Government he could not rightfully undertake,
the favorable attention of government officers.
Every
for a commission, to negotiate sales of a particular article
one fully understands that to offer personal" advantage to
to that government.
And, independently of this official
the officer, in whatever shape it may be done, is contrary
relation, the personal influence which he might have over
to law, to public policy, and to good morals.
But compe¬ another officer could not lav/fully be a subject of bargain
tition is sharp, rivals are numerous and active, special and sale.
When a government is to be furnished with
efforts are often necessary to bring the merits of a new supplies, it is legitimate for agents or brokers to lay before
the officers authorized to purchase, ail such information as
invention or a well-made article fully to the knowledge of
may apprise them of the character and value of the
those whose business it is to select for the government.
articles offered; and for such services the agent or broker
Within proper limits such efforts cannot be wrong or for¬
may claim compensation from his principal, as he may when
bidden.
What are the limits which the law recognizes as the negotiation is with private persons. The courts do not
object to an allowance of a percentage upon the amount of
proper ?
sales effected, according to the custom of commission mer¬
In past years the analogous question what efforts may
chants or brokers, instead of a fixed price for the efforts
be made, what services employed, what expenses incurred
made.
But where, instead of placing before the officers
in obtaining the passage of a law, has been discussed in information
proper to guide their judgment, personal
several decisions; with the general result of saying that influence is the means used to secure the sales, no legal
right to compensation can arise.
The courts of the
one who is interested to secure legislation may lawfully

Republicans, and too little advanced for
the extremists of Belleville, it remains to be seen whether
he will not, with the temporary help of the Imperialists,
come forth triumphant from the approaching struggle, and
the

more

moderate

tion of

“

United States will not lend their aid to collect compensa¬
agent or lawyer to draw a petition, gather tion for services of this nature.
evidence and present it in coijimittee, and make honest,
For Oscanyan it was argued that his office of Consulopen explanation of the merits of the bill; but that any General was without salary, and that it was understood

employ

an

employing a person to render what are called he might engage in commercial transactions. The court
said that lack of salary could not excuse his using the
lobby” services, is contrary to law, and will be disregarded
or influence of liis position adversely to the
or annulled by the courts.
A case lately decided by the prestige
interests of the government employing him.
His counsel
Supreme Court at Washington has involved the corre¬ also said that the Turkish Government was willing that he
sponding principle that agents may be employed and paid should charge the commission. The court thought this
to render honest services in informing government officers doubtful, but said that if it were true it could form no
of the merits of supplies in which the principal may be a reason why an American court should enforce a transac¬
tion which, judged by the .standards of jurisprudence in
dealer; but that anv engagement that an agent shall use this
country, is corrupt and contrary to public policy.
“personal influence” in effecting sales, is unlawful.
The suit is known as Oscanyan vs. The Winchester RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
Repeating Arms Company. The story of the case is, that
EXCHANGE ON LONDON.
in 1869, when the plaintiff was Consul-General in this EXCHANGE AT LONDON—July 30.
Latest
Time.
Rate.
Rate.
Time.
OnDate.
country of Turkey, the Turkish Government sent Rustem
12-10
12-li2 312-212
July 30 Short.
Bey, an officer of high rank in its service, to this country, Amsterdam Short.
3

contract for
“

to examine the various arms in use here

the kinds he should

and recommend

judge most suitable to be purchased
•
Bey did not speak English. He
was an old acquaintance of Oscanyan, who, though long a
resident of this country, was a native Armenian Turk; hence
the Commissioner naturally made the Consul-General’s office
his business headquarters, and his negotiations with various
manufacturers of arms were conducted through Oscanyan.
Among other manufacturers, the president of the Win¬
chester Company visited Oscanyan, and, according to the
for the Porte.




Rustem

A uiatAri1

'i/m

Antwerp....

Hamburg

...

Berlin
Frankfort...

Copenhagen.
Paris...
Paris
Vienna

mos.
a

it
a

a

....

Short.
3 mos.
ii

12-331:

312-414

25'50
20-64
20-64
20-64

325'55
320-69
320-69
320-69

18-45

318-40

July 30 Short.
ii

July 30
July 30
July 30

ii
ii

25-24
20 50
20-50
20-50

....

25*1712325*2712 July 30 Short.

25-47i2®25-52i2 July 30 3 mos.
11-85 311-90
July 30 Short.

25-1812
25-25

117-40

ii

47i2@ 47 3g
25-77i2@25-82i2 July
523835214
July
Alexandria..
July
New York...
Is. 79i6d.
July
Bombay.... 60 days
Is. 79i6d.
July
Calcutta.... 60 days
July
Hong Kong..
July
Shanghai....
Genoa

a

30

3

mos.

2517

ii

....

....

27 3 mos.
30 Short.
30 4 mos.
a
30
a
30
30 4 mos.

9738
4
Is.
Is.
3s.
5s.

82

7%d.
7^d.
83id.

ISgd.

August

13, 1881. J

THE

L69

CHRONICLE.

approximate more closely to those
England. That this will be the case
does not admit of much doubt, more especially becaure of the
I From our own correspondent.!
demand for gold on Italian account. - Money, however, is plen¬
London, Saturday, July 30, 1881.
tiful, its use is economized by various processes, and there is no
Some gold lias been withdrawn this week from the Bank of immediate apprehension of an increase in its price. The faciliEngland for exportation to Italy, in connection with the recent ; ties which exist for rapid communication are of as much advan¬
loan; but the transaction has had no perceptible effect upon tage to the money market as to the various departments of
the money market, which remains in a very easy condition. trade, and have an equally important effect in equalizing priceA
The quotation for three months’ bank bills is only 1}£ to 1% The following are the present rates for money :
Per cent.
per cent, and no immediate change in the position of the market
Open market rates—
Per cent.
4 months’ bank bills
2^
is anticipated. The present rate of discount shows no material Bank rate
0 months’bank bills
Open-market rates—
4 & 0 months’ trade bills. 2 @3
change from that current in previous summers ; but at the
30 and 00 days’ bills
Hi® l3*
3 months’ bills
same time it indicates that some increase in the demand for
The rates of interest allowed by the joint-stock banks and
money has taken place.
A few years ago the best three
discount houses for deposits are now as follows :
months’ bills were taken at % to 7/s percent; but that occurred
Per cent.

||Xowetarijs©cnumcicciaXgwflXisTil!lcuis

period of much depression, resulting from the commercial
United States and the failure subsequently of
Messrs. Collie & Co. in this country. Since the crisis in America
in 1873, numerous difficulties have occurred in this country.
Commercial failures of considerable importance—such as
Messrs. Collie’s, Messrs. Smith, Fleming & Co., the City of
Glasgow Bank, &c.—have been the cause of much distrust, and
any recovery in business has made very slow progress.
After
a lapse of several years, money has improved in value to a very
moderate extent, and from an exceptionally low point. The
improvement has arisen in great part not out of any material
increase in the demand for commercial purposes, but out of the
increased requirement of the Stock Exchange. It is well known
that Stock Exchange business has been very active for some
time past; and that the hanks and discount houses, in order to
compensate themselves for the loss of trade bills, have been
granting unusual facilities to the Stock Exchange with a view
to maintain their usual rates of dividend. Judiciously con¬
ducted, the operation is undoubtedly profitable, and has
enabled the directors of joiht-stock banks to present satisfactory
results to their shareholders at the half-yearly meetings which
have recently been held. There is, nevertheless, some increase
in the trade demand for money, but it is not so large as had
been anticipated. The reasons are tolerably clear : When busi¬
ness revived in October, 1879, owing to the activity of the
demand for certain classes of our goods, and especially for iron
in

a

crisis in the

our merchants and manufacturers were enabled
dispose of their surplus stores, to convert them into money,
and to diminish the extent of the accommodation they had
obtained from their bankers. Having improved their position in
this way, and a custom having arisen to restrict credit, a very
cautious policy has been pursued both amongst wholesale and
retail houses, and the result has been that few bills are neces¬
sary, or—what is to the same effect, as far as the discount mar¬
ket is concerned—they are drawn for short periods. In J6very
direction, a disposition is shown to diminish credit, and even to
refuse it, and these are reasons why trade is conducted with so
much caution. The facilities which are offered for the convey¬
ance of goods from wholesale to retail houses justify the latter
in holding small stocks, and business generally is much more of
a hand-to-mouth character.
The burden is, no doubt, thrown
upon the manufacturer, who should be prepared to supply
what may be termed importunate customers by continually
forwarding them small supplies of goods, instead of a quantity
equivalent to a few months’ consumption. But the times have
changed, and we have changed with them, and each month
brings us more in harmony with the altered condition of things.
Co-operation and cash payments have had an important influ¬
ence, and as these are still in existence, and are increasing in
force, we may hope for widespread advantages. •
The withdrawal of gold from the Bank, for Italy, and the
Stock Exchange settlement, have been made use of to justify a
firmer money market; but, as already remarked above, there
has been no material change in the rates of discount during the
week. The Stock Exchange settlement has been a very light
one, and the trade demand for money has been very moderate.
It has consequently been very difficult to establish higher
rates of discount; but, at the same time, the expectation that
the Bank rate would be reduced is not likely to be realized.
We have now reached fhe period of the year when more money
is required to “move” the crops in various parts of the Northern
Hemsiphere, and a little later we shall be importing largely of
new produce, both for feeding and manufacturing purposes.
It is thought, therefore, that there will be • no necessity for
reducing the Bank rate, and that before very long the open

manufactures,
to




market rates of discount will
current at the Bank of

Joint-stoek banks
Discount houses at call
do
with 7 or 14 days’ notice

The

following

eign centres

Bank

Open

rate.
Fr. cl.

market.
Fr. ct.

3%
2^4
3^8

312

Paris
Amsterdam
Brussels
Genoa
Berlin

3

....

3*2

4

4
4

314
3q
3q

Hamburg
Frankfort

Annexed is
Bank of

a

1*4

of withdrawal

Bank

Open
market

rate.
Fr. ct.

Fr. ct.

514

6

- St. Petersburg...
Geneva

4

4

is

Madrid, Cadiz &
.

5

4
4

Barcelona
Lisbon & Oporto.
..

5

3V«4

Copenhagen

4

Bombay

4

4

Vienna.

1

the rates of discount at the principal for-

are

:

1*2

-

statement showing the present

England, the Bank rate of discount,

position

of the

the price of con¬

for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair second
quality, and the Bankers’ Clearing House return, compared
sols, the average quotation

with the three

previous years.

Circulation, excluding
bank post bills
Public deposits
Other deposits

Governm’t securities.
Other securities
Res’ve of uotes & coin.
Coin and bullion in
both

departments..

1881.

1880.

1879.

£

£

£

26,967,105 27,228,360 29,321,875
4,571,166 5.287,002
4,378,460
28,329,418 26,378,530 33,293,487
15,885,333 15,545,921 16,749,642
20,105,573 17,506,951 17,759,826
15,039,445 16,774,527 21,372,218
26,256,550 29,002,887

Proportion of reserve
to

45'39

liabilities

.'

2^ p. c.

Eng. wheat, av. price.

101
46s. lOd.

Bank rate

Consols
Mid. Upiandcotton...
No. 40 Mule twist

Clear’g-hou8e return.

In the bullion

1878.

d^d.

Silver has been in

-

„

18,665,658
8,903,407

35,694,093 21,960,422
-

2^ p. c.

2 p. c.

43s. 6d.
6i3ied.

44s. 7d.
6'->16d.
9^1.

98

4 p. c.

944td.

44s. 7d.
6316d.
lO^d.

ll^d.
91,415,000 82,257,000 73,682,000 73,682,000
10^d.

market the more important feature

the demand for

£

28,057,015
3,567,542
21,977,431
16,180,886

has been

gold on Italian account, already referred to.
request on Continental account, and has risen

to 51 %d. per ounce;

Mexican dollars are now quoted at 50^d.

per ounce.
The Crown Agents

for the Colonies invite tenders for £200,000 Jamaica Government 4 per cent debentures, at a minimum
price of 98 per £100 bond. The loan is for railway extension
works, and is secured on the general revenue and assets of the
colony.
Tenders for £575,000 Ceylon Government 4 per cent deben¬
tures were opened yesterday by the Crown Agents for the Colo¬
nies. The applications amounted to £2,641,000. Tenders at
£103* 12s. 6d. will receive about 20 per cent and those at and
above £103 13s. 6d. in full. The average price was £103 13s. 8d*
Tenders are invited by Messrs. Barclay, Bevoac & Co. for an
issue of £400,000 Swansia Corporation stock, bearing interest at
3 per cent per annum. The minimam price is fixed at 87 per
cent.

The weather has been

favorable for the growing crops.

The

temperature is lower and has become much more agreeable,
while a moderate quantity of rain has fallen, which has bene¬

and probably even wheat, which has—like other
In the South of England a fair
quantity of wheat has been cut, and harvest work will be
general next week. The rains have also benefited roots and
grasses materially, and there will be a better yield of the
former than had been anticipated.
The yield of produce in
this country this season will be a good average, and would
have been extremely satisfactory had it not been for the fact
that there is so much land uncultivated or badly cultivated, in •
consequence of the agricultural distress which has been so
prominent during the last few years. The rent, however, at
which farms are now to be had is calculated to attract occu¬
piers, should there be a good season ; but we must not expect
that the position of affairs can be rectified immediately. Land-

fited all crops,
croDS—been

ripening too fast.

THE CHRONICLE.

170

[VOL.

XXI III

FOREIGN IMPORTS AT,NEW YORK.
though more encouragement
is necessary. The landlords are doing their part in accepting
For Week.
1878.
1879.
1880.
1881.
lower rents and granting more convenient agreements, and
$2,161,125
$1,933,920
$3,504,485
what is now required is a succession of good seasons and a Dry Goods
$3,316,197
Geu’l mer’dise..
3,077,513
3,575,331
0,852,293
8,406,562
generation of practical farmers, who can adapt their work to
Total
$5,838,033
$5,509,251 $10,416,778 $11,752/759
the new and very much altered condition of things.
Since Jan. 1.
The wheat trade during the week has been very quiet, and Dry Goods
$46,713,587 $53,608,161 $80,306,515 $05,606,158
Gen’l meiJdise..
128,350.959 135.598,817 231,500,054 192,931,315
although no material change has taken place in prices, the
Total
$175,504,540 $189,200,978 $311,872,509 $258,537,473
tendency has been in favor of buyers.
The following return show the extent of the imports of
our report of the dry goods trade will be found the
imports
grain into, and the exports from, the United Kingdom during of dry goods for one week later.
the first forty-eight weeks of the season, compared with the
The following is a statement of the exports (exclusive of
corresponding period in the three previous years :
specie) from the port of New York to foreign ports for the
IMPORTS.
week ending Aug. 9, and from January 1 to. date:

lords look forward to better times,

-

2.54768—The
Wheat

cwt.

Barley

1880-81.

1870-80.

1878-79.

1877-78.

5*2,530,000

52.580/273

44,023,69 L

10,341,313

12.026.711

9,030,579

9.017,915
*2/229,020
2/269,750

13/260,527
1,933,810
2.545,715
20.05S.103

10,008.775
1,503,998

51,002/207
.13/253,920
11,3IS,928
1.077,370
2.024,728
34,099,192

Oats
Peas

Beans
Indian

32,661,631
11,397,040

corn

Flour

7,504,545

Barley

1,175,858

52,300

598,990
107,305
44,209

corn
,

1,322,763
29,500

1,502,102
107,021

’93.003
98,068
80.878

219,630

071,199

95,305
24,811
10,093
475,054

140,571

191,721

159,807

English Market

1878.
For the week...
Prev. reported..

$6,636,779

Reports—Per

1,500,53G
02,484
111,043

119,801
19,560

227/263
85,440

Sat.

Silver, per oz
Consols for money

Mon.

51^8

d.

5130

10d71G
1009,6

Consols for account
Fr’ch rente* (in Paris) fr. 85*75
U. 8. 5soxt’n’d into 3 ^s 105
U. 8. 4**sof 1891
117%
120
U. 8. 4s of 1907
.

..

445s
Illinois Central
137i«
Pennsylvania
66%
Philadelphia & Reading. 33*8
New York Central
148

Erie,

common

stock

Sat.

Liverpool.
9

ft:

Flour (ex. State.. 100 lb. 12 6
9 10
Wheat, No. 1, wh.
“

Spring, No. 2...
Winter, West, n.

**
“

9 8
9 11

CaL white

“

9

5
Corn, mtx.,W.new
**
Pork, West, mess.. $ bbl. 73
Bacon, long clear, cwt.. 44
Beef, pr. mess, new,$tc. 106
Lard, prime West. $ cwt. 57

Cheese. Am. choioe,

new

53

7
3
0
0
0
9
0

Wed.

51L?

51*2

1007 j

100718 10()716

100%6

100%6

1009, q

85*75
105

85*65
105

80*70

117*2

117 %

1054
117%

120

120

120*6

44*8

44*2
130%
00%
33 *8
147%

137

33*8
148 L*

|

Tucs.

Mon.

Tues.

s.

d.

s.

12

0

13
10
9
10
9
5
73
44

9 11
9 8
10 0
9 9
5 3*2
73 0
44 0
100 0
57 9
53 0

d.
0
2
11
2
11

0*2

0
0
106 0
57 9
52 0

51*2

following table shows the exports and imports of specie
port of New York for the week ending Aug. 6 and since
January 1, 1881:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

Exports.
TFttk.

85*90
105 4

11734

1204

45

45

1394
07
34
149

s.

13
10
10
10
9

d.
0
2
0
3
11

5
73
44

1384
66%
33*8
,

Wed.

148%

100%
80*15
1054
x 110 34

8.

d.

10GO

105 0

57
52

57
52

0

6

were

$186,000

8.

Of the

above

878,508
105,407

2.852,875

$19,406

$178,977

1,004,757

$6,414,145

19,535
00,389

10/204

5,034
0,024

24,337

2,729

490,372
910,536
108,900
18,707

22,780

$186,000

$6,651,7*^5

$33,253

$1,787,471

72,400
55,000

3,159,238

7,455
80,065

3,201,961
5,473,656

9,779,70!)

imports for the week in 1881, $68,026

were

BANKING AND FINANCIAL.

•

following-named national

dent; Wilbur F. Morrow, Cashier.

Week.—The

$214,887 $28,838,926
^

American gold coin and $33,253 American silver coin.

2,552—The 8eoond National Bank of Reading, Pa. Authorized capital,
$100,000; paid-in capital, $50,000. Wm. Mollvain, President;
Christopher Leoser, Cashier.
2,653—The_ First National Bank of Riohburgh, N. Y. Authorized capital,
$50,000; paid- n capital. $50,000. John 8. Rowley, President;
Frank E. Fairbanks, Cashier.

imports of last
week, compared with those of the preceding week, show
an increase in
both dry goods and general merchandise.
The total import* were $11,752,750, against $8,289,041 the
preoeding week and $7,397,300 two weeks previous. The exports
for the week ended Aug. 9 amounted" to
$8,362,928, against
$7302,229 last week and $7,463,140 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Aug. 4 and for the week ending (for genera)
merchandise) Aug. 5; also totals since January 1:
for the

15,957

785,777
162,133
395,073
101,031

29,050
120,009

Total 1880
Total 1879

2,551—Tlie First National Bauk of Madison, N. J. Authorized capital,
$50,000; paid-in capital, $30,000. Jacob S. Paulmier, Presi-

Exports

183.000

2,100,241
1,939,708

Total 1881..

Charles R. Hannan, Cashier.

and

198,930

4,731.450

$310,800

Total 1880
Total 1879

Fri.

t500,000; paid-in capital, $253,500. Hugh W. Hughes,




$

Total 1831

West Indies
Mexico
South America
All other countries.;...

Presient; Octavius H. Tudor, Cashier.
2,550—The First National Bank of Quincy, Mich. Authorized capital,
$50,000; paid-in capital, $35,000. Benjamin F. Wheat, Presi¬

Imports

$20,020,221

60,434

Germany

Western National Bank of Sonth Pueblo, Col. Authorized
capital, $50,000; paid-in capital, $25,000. William L. Graham,
Fresideut; Clias. B. MeVay, Cashier.
Deutou National Bank, Denton, Md. Authorized capital,
$50,000; paid-in capital, $31,000. Philip W. Downes, Presi¬
dent: Richard T. Carter, Cashier.
First National Bank of Valley City, Dakota. Authorized
capital, $50,000; paid-in capital, $50,000.
Charles McC.
Reeve, President; Herbert Root, Cashier.
2,649—The Union National Bauk of Cincinnati, O. Authorized capital,

‘

0,500
2,000

West Iudie8
Mexico

France

organized this week:

dent ;

$

$56,260

Since Jan. I

2.039,641

BANKING DEPARTMENT.
Office

National Banks Organized.—The

Week.

Silver*

©xrmmerciaX audi^lisccUaueaas Ilexes.
banks

Since Jan. 1

$

Great Britain

1204
44*8
1334
00%
32%
148*2

d.
13 0
10
2
9 11
10 2
9 11
5 5
73 0
44 0
100 0
57
9
53 0

Imparts.

Germany

51*2

Thurs.

13 0
10 2
10 0
10 3
9 11
5*« 5 5
0
72 0
0
44 0
G
6

Great Britain
France

I00i*16 100U16
10/%

$8,302,928
223,059,074

The

South America
All other countries

Fri.

$8,485,0 41
239,370,601

$197,785,418 $2 47.855,642 $237,022,002

Qold.

Thurs.

18S1.

at the

Cable.

daily closing quotations for securities, &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending August 12:

1880.

$6,979,830
190,805,508

203,296,050

The

London.

1879.

Total s’ee Jan. 3 $209,933,426

EXPORTS.

cwt-

Wheat

Oats
Peas
Beans
Indian
Flour

9,319,873

1,563,067
35,035,837
8,198,740

EXPORTS FROM NEW YORK FOR THE WEEK.

of

Fisk & Hatch, No. 5 Nassau Street, t
New York, July 7, 1881.
5

In answor to numerous letters of

inquiry as to tbe terms on wkicli we
deposit account* of banks, bankers, business firms and individ¬
uals, we issue this circular for the general information of those who
may desire to open accounts with a private banking house in this city.
We are prepared, on the terras mentioned below, to reooive the
accounts of responsible parties in good standing.
1. Except in case of banks, savings banks, or other well-known cor¬
porations, or of individuals or firms whose character and standing are
already known to us, we require satisfactory references before opening
receive

an
'

account.

2. We allow iuterest at the rate of 3 per

cent per

annum on

the aver¬

age monthly balances when the same amount to $1,000 or over. On
accounts averaging less than $1,000 for the month we allow no interest,
3. We render accounts current, and credit interest as above, on the

last day of each month.
4. For

parties keeping regular deposit accounts with us we oollect and
dividends payable
and give the best
information we can obtain respecting investments or other matters of
financial interest to them; and i.i general serve their interests in any

credit United States, railroad and other coupons and
in this city, without charge; make careful inquiries

way

in which

we can

be of

5. We do not discount

vise to

them in

our

line of business.

buy commercial paper, but arc at all times
prepared to make advances to customers and correspondents on U. S.
bonds

or

0. All

or

other first-class and marketable securities.

deposits

are

;

subject to check at sight without notice.

One of our firm is a member of the New York Stock Exchange, and we
give particular attention to orders by mail, telegraph or in person for
the purchase or sale of Bonds and Stocks on Commission.
We continue to buy and sell direct, without commission, all issues and
denominations of United States Bonds for immediate delivery at current
market rates, and make exchanges for National Banks in the BaukiDg
Department at Washington, without trouble to them.
Our “ Memoranda Concerning Government Bonds” will be s uit post¬
paid on application.
FISK A H IT OH.

August

THE CHRONICLE.

13, 1881]

171

Resources.

jankers7 Cfeelte.

%\u

Gold

dividends:

Tbfl

following dividends have
Name of

Company.

Payable.

clearing-house certificates

Silver Treasury certificates

Legal tender notes

(Days inclusive.)

Railroad*.

1% [Sept

legal-tender notes

1 Aug. 11 to

Total.

miscellaneous.

Jerome
"

An;?.

15

Park Improvement...
AUGUST 12.
12.
YORK* FRIDAY, AUGUST

1,2 60,340

945,590

62,516,296

58,728,713

8,045,000
15,572,501
2,876,097

9,540,000
15,729,019
1,522,849

$2,270,264,014 $2,325,833,200

Capital stock paidin
1SS1-5

NEW

1*. M.

The Money Market and Financial Situation.—At this
moment, when the financial markets present little of inter¬
est, and the majority of brokers are amusing- themselves at
Saratoga, in the woods, or at the shore, the heavy bankers come
to the rescue and furnish interestincr topics in the proceedings of
their convention at Niagara. Mr. John Thomson predicts another
railroad panic which will make the panic of 1873 seem like mere
boy’s play. Mr. Coe discourses of the bank currency of the future
to be secured (after all the government bonds are paid off), by a

the commercial assets of the banks.

Thus he

suggests “in place of the security now required, the circulating
notes may be limited to a sum equal to one-half or three-fourths
the cash capital paid in ; be made a preferred debt in case of
failure ; and cairy interest at an extra rate for every day’s delay
that they are not redeemed in coin, after presentation at the
home or

56,030.000
6,482.561

Liabilities.

3

better lien on

30,1881.
$60,043,276
5,137,500

United States certificates of deposit for
Five per cent redemption fund
Due from United States Treasurer

Cleveland A Pittsburg (quar.)....
York A Hanover

June

$65,002,542
5,351,300
44,194,000
6,820,379

Silver coin

recently been announced:
rer
When
[Books Closed.
cent.

May 6.1891.

Gold coin
Gold Treasury certificates

central office.”

Comptroller Knox furnishes,

usual,

as

124,405,926
54,9(16,090
*315,171,335

-

5,43 4,142

309,737,193
252,647
2,617,134
1,027,077,710

Individual deposits
United Slates

$100,227,835
126.679,517
54,683,492
318,52 4,770
6,300,918
312,223,852
242,967
5,871,595
1,031,731,043

9,504,081

deposits.
Deposits of U. 8. disbursing officers.

8,972,471
3,272,610

3,371,512

Due to other national banks
Duo to State banks and bankers
Notes and bills rediscounted
Bills payable

223,503,034

191,250,091
80,700,506

91,035,599

2,908,370
4,493,544

2,220.053
5,169,128

$2,270,261.014 $2,325,833,200

Total
*

The amount of circulation outstanding at the date named, as shown
by the books of this office, was $353,326,051, which amount includes
the notes of insolvent banks, of those in voluntary liquidation, and of
those which have deposited legal tender notes undor the act of Juno 20,
1874, for the purpose of retiring their circulation.

interesting

some

statistics, and states that on May 1, 1881, there was $699,281,583
of paper money outstanding. The total amount of coin and paper

$459,039,205

Sill plus fund
Other undivided profits
National bunk notes issued
Amount on band
Amount outstanding
State bank notes outstanding
Dividends unpaid

Exchange.—The demand for bills is sluggish, and the market
no improvement in rates.
The shipments of specie from

shows

Europe have not, thus far, amounted to much, and it is not yefc

that day, including $39,000,000 of silver certificates, certain what the course of trade will be in the next few months.
was $1,430,000,000.
If the amount of coin and cunency in the The speculation in grain and provisions is unfavorable to large
Treasury and the bauks is deducted from the total amounts exports. To-day the rates on actual transactions were : $4 82©
estimated to be in the country, the remainder will give the $4 82% for prime bankers’ sixty-day bills, $4 84%@$4 84% for
amount then in the hands of the people, as follows :
demand, $4 84%@ $4 85% for cables and $4 80%(g>$4 81 for
currency on

Total in the

In hands

counivy.
Gold coin
Silverooin
Silver certificates

$520,000,000

$221,902,874

172,071,327
39,157,910

76,848,927
37,897,000

316,681,046 #

Legal-tender notes

531,643,393

»7 5
352,600,56';

National bunk notes

Total

$1,430,510,850

$871,382,791
held in the

The amount of

gold, silver and paper currency
Treasury and in the banks was as follows:
In the

Treasury.
Gold coin
Silver coin

Silver certificates
Legal tender notes
National bank notes.

of

people.

14,632,086*

70,561,296

5,988,250

30.555,075

|

25,828,7941

$273,739,519 $223,744,933
$44,930,924
In Havings Banks, $17,072,680}.
*
Less gold certificates and legal tender certificates respectively.
t Estimated. } The separate items of the cash are not reported.
Totals

•

The money market has worked easily, although the heavy
decline in bank reserve last week was much commented on. On
call loans the rates have ranged at 2@3/£ per cent, but on prime

small business

governments this week, but the market has been a trifle more
days than previously. 'The amount of cou¬
pon five per cents to be paid to-day, August 12, is commonly
estimatoa to be about $15,000,000 (although a Washington dis¬
patch has said $11,000,000); and this leaves about $20,000,000 of
the registered fives to be paid on October 1, or sooner, if pre¬
active the past two

In State
Banks.

} $19,102,1301

a

in

sented.
The closing prices at

In National
Banks.

$164,357,154* $114,547,842
88,402,020
6,820,380
1,260,340

commercial bills.
United States Bonds.—There lias been

the New York Board have been

1881
4%js, 1891

Aug.

Aug.

Aug.

Aug.

Aug.

Aug.

6.

8.

9.

10.

11.

12.

reg. Q.-Feb.
reg.
coup.
reg.
coup.

(J.-Mar. *11338

Q.-Mar.
Q.-Jan.
4s, 1907
Q.-Jan.
4s, 1907
6s, cur’ey, 1895..reg. J. & J.
6s, cur’ey, 1896..reg. J. & J.
6s, cur’oy, 1897..reg. J. & J.
6e, cur’ey, 1898..reg. J. A J.

4*28,1891

Rs.
*

cur’cv. 1899..reg. J.

Tins is tne price

follows:

Periods.

6s, continued at 3*2-. J. & J. *10238
os,

as

Interest

1141-2

116%
1165s

*130
*131
*132
*133
A J. *134

1020s *102*2 *102*2
102*8
11338 *11354 113*4
*11412 *11412 114%>
1165& 116*2 *11612
116*2 *11612 116*2
*130
*131
*132
*133
*134

*130
*131
*132

*133
*134

*102*2 *102*

102*8
*113*4 *113*4
*114*2 *114*2

1160s *116*2

*116*2 *116*2
*130
*130
*130
*131
*131
*130
*131
132% *131
*133
*132
*132
*134
-133
*133

bid at the morumg board; no sale was made.

State and Railroad Bonds.—A feature of the dealings in
Southern State bonds recently lias been the revival of transac¬
tions in the low-priced bonds usually reckoned among the “ fan¬
cies.” Thus, North Carolina special tax bonds sola to-day at

of two to four months the rates are naturally, higher and
quoted at 4@5 per cent.
The Bank of England weekly statement on Thursday showed a
decrease of £573,000 in specie, and the percentage of reserve to 7%, Arkansas 7s (Pine Bluff) at 14, Virginia 6s deferred at
liabilities was 43 3-16, against 42% last week; the discount rate 16%@17, and South Carolina 6s non-fundable, yesterday, at 12
remains at 2/£ per cent.
The Bank of France lost 6,400,000 (job 13. And at or about these prices considerable sales took place.
francs gold and gained 100,000 francs silver.
Of the standard bonds, Tennessees closed to-day at 71 for
The last statement of the New York City Clearing-House the old, and Louisiana consols, yesterday, at 67%.
Railroad bonds have sold moderately, except the Boston Hart¬
banks, issued Aug.= 6, showed a decrease in the surplus above
legal reserve of $4,295,500, the total surplus being $5,735,225, ford & Erie bonds, which have been auite active. Prices of the
investment bonds are well maintainea.
against $10,030,725 the previous week.
The following table shows the changes from the previous week
Auction sales of stocks and bonds will be found on page 178.
and a comparison with the two preceding years:
Railroad and Miscellaneous Stocks.—The stock market,
on a moderate business, has shown no great change in prices.
1881.
1880.
1879.
Differences fr’m
The principal event of the week was the meeting of trunk-line
previous week.
Aug. 6.
Aug. 7.
Aug. 9.
Loans and die. $350,624,800 Inc.$1,436,400 $304,765,800 $272,936,000 managers at the call of Commissioner Fink, and the adoption of
a resolution to restore rates to the low basis of the present
Specie
19 624,100
68,706,600
76.510.900 Dec. 4,532,500
Circulation...
19,360.600 Inc.
147,700
19,430.400
20,682,100 schedule of 20 cents per 100 lbs. on grain from Chicago to New
Net deposits. 347,342,700 Dec. 4,43o,200 297,024,200 253,230,200 York.
Even this it was not believed would be carried out, and
Legal tenders.
871,800
16,060,000 Dec.
17,115,900
50,435.500 the general effect of the meeting, with Mr. Fink’s comments on
Legal reserve. $86,835,675 Dec.$l ,108.800 $74,256,050 $63,307,550 the situation, was to develop a condition of greater weakness
Reserve held.
85,822,500
92.570.900 Deo. 5,404,300
70,059,600 in the trunk-line
pool than had previously been known to the
Surplus.
$6,752,050 public. In addition to this Mr. W. H. Vanderbilt has been in-,
$5,735,225 Dec.$4.295,500 $11,566,450
terviewed by a newspaper reporter, and has made some rather
The following is the abstract made to .the Comptroller, show¬ severe comments
upon Erie, and also upon Mr. Garrett of the
ing the condition of the national banks of the United States, Baltimore &
Ohio, to which a reply is expected ; and thus a
at the close of business on June 30,1881, and
May 6,1881:
trial by newspaper ” between these railroad magnates is
Resources.
Mau 6, 1881.
June 30,1881. on
the tapis.
At” the same time, the bulls in wheat
Loans anddiscouuts
$1,089,412,901 $1,140,750,198 have been
pushing up prices on exaggerated reports
Overdrafts
4,23G,480
4,238,750
United States bonds to secure circulation
352,653,500
358,287,500 of a short crop, while the daily reports of the springUuited States bonds to secure deposits..
15,265,000 wheat harvest are oommg in favorably.
15,240,000
But while the circum,United States bonds on band
44,116,500
49,594.950 stanees have thus been
the
stock
market,
against
prices have not
Other stocks, bonds and
mortgages
52,908,123
58,049,292
Oue from approved reserve agents
156,258,637 given way much, and at times have shown considerable strength.
128,017,350
One from other national banks
63,221,699
75,703,599 As to the money market, there are payable after this date on to
One from State banks and bankers
16,939,734
18,850,775 October 1, or earlier, about $26,000,000 of the 5 per cents, which
Real estate, furniture and fixtures
47,791,348
47,834,060
will be a sort of safety-valve whenever there is any money pres-:
Lurrent expenses and taxes paid
6,096,109
4,235,911
Premiums paid...
4,024,763
4,115,980 sure, although between now and January next we look for a very
thecks
paper
are

“

-..

and other cash items

Exchanges

for Clearing House
Buis of other national banks
fractional currency




11,826,603

13.544,116

196,633,558

143,950.347

25,120,933

21,632,432

380,950

372,140

large demand for

money.

The Reading financial scheme appears to be well thought
but the stock has declined from the advance of last week.

of,

CHRONICLE.

THE

172

STOCKS.

RAILROADS.
Susquehanna
Boston <fc N. Y. Air-Line prof...
Buffalo Pittsburg* Western...
Burlington Cedar Rapids * No.
Canada Southern
Cedar Falls * Minnesota
Central of New Jersey
Central Paeitic

K

95 V
92 34
29

—

' 07
93 V
29

40V
31V

40V

1st pref
2d pref

95 V
92
28 V
41

*30

’ 90k '95 V
28 k

*28

29

41

41
*30
139

41

Do
pref
Chicago Burlington * Quincy..
Chicago * Eastern Illinois
Do

Chicago &

158

pref.

12534

—

T38
137

pref...

Chicago Rock I si. & Paeitic.....
Chicago st. L. * New Orleans..
Chicago St. Paul Minn. & Oin..
Do
pref.
Cincinnati Sandusky* Clev....
Cleveland Col. Cin. & Ind
Cleveland & Pittsburg guar—
Columbus Chic. * Ind. Central.
Danbury & Norwalk
Delaware Lackawanna & West.
Denver* Rio Grande

Dubuque & Sioux City
Ga
Do

125 V

139

140

100

158 V

15834

i*59V

125 V
138 V
130 V

120 V

13934 139 V

i 37

139 V
138

137 V 138

"41“ ’

'96“

‘bo” ”92”

140
22 V

"22“

"22 V

123 V 1.24 V
99 k
98

140

*
*

22 V

22 V

99 V

'

*20 V
20
33
33
93
91
112 V 114

pref..

pref

Houston * Texas Central
Illinois Central
Indiana Bloom’ll * West., new.
International * Gt. Northern.
Keokuk & Des Moines
Do
pref
Lake Erie & Western
Lake Shore

135 3.1

135
49

135 V

135 V
48

135 V

49 k

29

243

42

300

140 V
160

1,500
J

59,820
108

18,625
125

41 V

"4*2" * 42 V

IO334 103 V

104 V IO434
53 V 54

3,400
3,025

41V

«■

200

9,937

90V

8834

91

88 V

200

......

22”

22 V

22 V

4,875

12334 124 V
98V 9934

12334 124 V
98V 99 V

124 V
98 V

125 V
9934

97,800

*91
95
113V 115

30
94
115
99

is V * 18v

18
30
94
115 V
100

18.

19 V

i37V i30V 137*
48

137 V 137 V
48
48 V

26,300

.

2,250
300

31V

31J

94

94

2,600
29,220

138

6,230

205
137 V

650
......

27 V

28

50

123 V

55
122 34

4834

pref

103 V
103
97 V 99 V
17

17

13 V

13 V

83
81
97

83
81V

£>OV
122 V

12334
483.4

f)t>V

100 V 10134

101V102

1013, 103

98V
54V

53V

55V 55V
55V 56
124 V 122 V 124 VI 122a4 1233b
48V 4834
48V 483h 48 V 48V

50

55 V

56

16V

17

31

28

28

6
81

79

6
82
81V

9634

97 V

54

54

17

15 V

17

1534

83 V
79 V
90 V
53 V

84 V
81V
97 V
53 V

83
80
96

83
80 34

81V
7834
96 V

83
80V
98 V

53

53 V

98V

102 V

102

6,400
27,900
60,350
1,400

Do

,

pref

Ohio Central
Ohio * Mississippi
Do

62
40V
80 V
28 V
37 V

62
40
79 V
27 V
37 V

03
40 V

80V
2734
37 V

GOV
40 V
79 V

61
40V

27
*37 V

27V

60 V

8034

40 V
79 V

37 V

3734

27

37V

38 V

41V
80 34

* 38 V

41V

500

200
37.800

Ohio Southern
Panama
Peoria Decatur & Evansville...

Philadelphia & Reading
Pittsburg Ft. Wayne & Chic
Rensselaer & Saratoga
Rich.* Allegh., stock trust ctfs.
Rochester & Pittsburg
Rome Watertown & Ogdensb’g
Bt. Louis Alton & Terre Haute.
Do
pref.
St. Louis Iron Mt. & Southern.
Bt. Louis & San Francisco
Do
pref.
Do
1st pref.
.

..

27

27
40
64
*139

40 V
04 V
140

5534

50

40

40 V

24 V

2034

2634

572
106
28

15,590
6,620
8,800

40,825
1,725

9,800

39

39 V

39

39 V

03V

6434

64 V

65 V

29 V

57
33

95

95

50

50

*55

t35

39

*49
50
50
50
75
75V
75
75 V
108 V 108 V *107V108

107 V

39V
65
*139

i’07V

54

54 V

3134

33 V

50
76
108

50
76
108

2,590
31,200

39

•

65

63

140
54
32
31

54
34 V
31

50

50
76V

*76

Do

*139
138
53

*107V108

1,200
5,974

54

50

*75V

50

1,000

76]

1,550
474

109

109

*

pref.

Do

•

57 V

12534 120 V
5034 5134

89

8734

56V

5G34

25V

28

125 V 120 V
50 V 51V
88 V 8834

MISCELLANEOUS.
American District Telegraph
Canton Co
Delaware * Hudson Canal
New York & Texas Laud

Oregon Railway * Nav. Co
Pacific Mail
Pullman Palace Car

126
126V
50 V 51V
88 V 89V

47V

..

68
110
*46
164

68
110V
49
164

62V

51V
*140

142

IV
88V

Sutro Tunnel

*56 Vr* 57 K

West.Union Tel., ex-certificates
EXPRESS.
*136
Adams
*83
American
*x68
United States
130
Wells, Fargo * Co

IV
89 V
138
85
69
130

109
*46
163

IO934 109 V

50
103

*45

88 V
*136

8334

5134
142

IV
88 V

89

60

52 V
142

IV
89 V

138V
*83V 85
69
*67
133
136

*137

138

833.

*68
69
132 V 132 V

57 V

56 V

57

2634

27 V
126 V
5134

29
125 V

29

125 V
49 V

87 34

89

47 V

COAL AND MINING.
American Coal

109
*46

110V
50

109 V
*45

10934

51»4
*140 V

52 V
142 V

51V

51V

88 V

141V 141V
IV
IV
88V 89V
89 V

13834 13834
84V 85
*67

136

....

69
137

139
141V
85
*84
*67
69
137 V 137 V

14,900

58

57

126
49V 50V
8734 88 V
47 V

47V

110V

51V 52 V
141V 141V

5634

533,
*36

5434
40
19

19

Mariposa Laud * Mining

Maryland Coal
Ontario Silver Mining
Quicksilver Mining
Do
pref
Standard Consol. Mining
Cameron Coal
Central Arizona Mining
Cumberland Coal & Iron
Deadwood Mining
’

20V

20V

72

72
21

21
43 V

44

*35
IS
21

3534
18
21

*2VT'2V




38

19
*2 V

19

*25
*35

1

2

54
39

*26

28

*1434

17 V

*60

62 V

*20 34
42 V
*2 V

21
42 V
2V

54 V
40

36

21

43 V

2V

1634

1634

61
21V

61

28

made at the Board.

204
48

22

49 V

28 V

21V

V

8V

*27 V

28 V

JurielO

7 146

Jan.

129

111

June23
June 18
50 V June 3
Feb. 28 77 V May 12
July 19 14334 May 25
V .Tan.
4 86 Jo June 14
June 14
39
Mar. 24 55
61
Jan.
4 81V June 3
90
Feb. 25 115V June29
26
Feb.
9 42 V May 4
70
Mar. 8 89 V May 25
July 9
SSJgJan. 7 107
43V July 16 44 Jo J uly 16
41V Jan.
4 73V June 14
4134 May 13 47 V May 23
80
50

July 27
Apr. 14
Apr. 1

35
19 V
42
15
42 V 112
34 V 66
25V 48
65
33
100
60
40
25
79V
50
88
67

47V

30

113V
80
26V 48

88V

51V

81
46
June29 74 V Feb. 12 50
63
6 73 V June 9 40
53
Jan.
92V
5,500 89 V Jan. 4 115 V Mar. 7 60
30
Aug. 2 25
30
Jan. 15 49
147
Feb. 21 102
323 135
Jan.
3 190
62
1.2,733 4534 Jan. 4 62 V Feb. 18 27V 143
Ian.
3 107 V
400 130 V May 14 151
4V
V
2 V Apr. 13
1
Feb.
5
2,400
94
June20
77
Apr.
19
83,737
300
100

S*

50

*45

i
1

134
88 V
140
*84
*68

t

6

140
85
69
i

55
67

645
125
30

120

887

112

2,250

55
37

300

220

21
43

Jan.
51V Jan.

6,300
100
*

27V2

23

3

19
15
1V Jan. 5
34 J an.
4
25 * Jan.
6
33ksJan. 10

300

*27

Jan.

60
May
35
J an.
31
Apr.
15 ks July

500
700

21

122
5 141V Aug. 11 106V
66V
54
6 88 V May 23 42
55
4 75 June 11
118
June 18 100
4 142

Jan.

62 V

425

2

62

2V

*2
8

28

prices bid and asked—no sale was

5334
*36

146V

.

234

*x1534 1734
x62V 63
21
43
2V

54
*36

20

Excelsior Mining
New Central Coal
Silver Cliff Mining
These are the

37V

183V
66 V 114k
99
124V
87 V 130

May 13
23
Mar. 10 38
3,600
23,325 105 V Feb. 25 13134 July 2
60
June
30
56,500 39 Feb. 25
35,307 77 Feb. 25 96 V May 16

2

,

Colorado Coal * Iron
Consolidation Coal
Homestake Mining
Little Pittsburg Mining

160

May 27

59

May 20

130
52
26
•800
25
39
100
86

140

pref
56 V

3614

29 V
Feh. 20 39a4 June 23 12
123
Juno 3 100
Feb. 25 131
Mar. 21 47 V 128
Jan.
0 102
Jan.
3 122
155*V
Feb. 25 155
140
127V
103
May 4 130 V Feb. 15 109
30
61V
41V July 20 52 V Jan. 15
47
93V
Jan. 10
80 V July 27 95
84
60
ks June 11
May 10
180
June 13 155
164 V Mar. 25 190
32V
28
Jan.
4 43 V Feb. 2 20
85V
Jan. 29 70
70
May 14 90
Aug. 2
23 ki July 14 26
May 26
53 ks July 27 70
36
Mar. 17 20
3234 Jan. 13 51
64 V Jan. 25 88 V June 24 39V 67 V
28V
23 ks Jan.
5 37 V May 21 14
44V
36
July 25 47 V May 20 23
May 21 5734 102
9734 Jan. 8 126
37 V June 10
24 V Aug. 11
219 ka Jan.
7 280 June24 168 225
28V
27 V Jan.
4 57 V June 22 18
50
Feb. 25 .73 V Feb. 9 13V 72V
129
May 17 112
127
Jan. 19 142

St. Paul & Duluth
St. Paul Minneap. * Manitoba.
Scioto Valley
Texas & Pacific
Texas & St. Louis
Toledo Delphos & Burlington ..
Union Pacific
Wabash St. Louis & Pacific

90h
97 V
253,

.

39

3934
6534

420

24 V

29

18 V

41,900

"

pref

81V

118
63

17,755

3

*80 V

17 ‘
27V
99 V 159 V

May 21
39 V Feb. 25 54
Jan. 28 114 V June 14
85

13,875

61
42

00 V

5 6'
40
14
45
63
15

July 20

53

61
42
82
27

60

60 V
4134
82 V

61 s4

51
Jan. 22
Feb. 25 109 V Jan. 24
68
V June22
41V Feb.
1
61
96 V
Feb. 25 10134 Mav 23
81
127 V Jan. 29 142
May 10 L0634 129 V
9 V 25V
1934 Jan. 4 32 V May 20
53
00
May 24 50
May 12 77
Mar. it 68 V 110V
1()7
Jan.
4 131
82 k> Jan.
4 113V-Line 7 61 V 86V
60
June 14
83
7(5V Apr. * 88
21
18
Aug. 1
Aug. 4
33
Aug.
(5
30
Aug. 11
4434 Jan. 4 95 V Aug. 2 22 V 50 V
July 7 63 k 105
94
Feb. 20 118
June 18 4934 91V
(53
Fob. 2(5 106
Jan.
4 140k! May 21 99 V 127-V
124
57 V M a*v lit
45
J illy 27
May- 6 37 k
50V
Jan.
0 92
50
9
20 V
30 V June 2
14
Jan. 10
25
56
Jan.
43
27
V
41
Jail.
4
38 V Jan.
4 6534 June 2 20 V 4234
118
Feb. 25 135a4 Jan. 20 95
139V
24
63
June30 20
44
June 4
Feb. 21
1(>V Jan. 20 38
42
June22 48 June23
174
79
Feb. 25 11 Ok! May 18 77
30
109
58
Jan.
7 117 V June 11
21
57 V
40
V Feb. 14
15V Aug. it
50
59 V May 20 30
28
Aug. 11
9
Jail.
4 24
May 2
334 18
2k
Mav 21
12V
0
Jan.
7 15
June 13 29 V 43
41
Feb. 18 93
121
Fell. 14 83
7834 Aug. 10 120
130V
0(»ks July 27 126 V Jan. 20 75
42
Mar. 22 64VJune 2

24,175

3

120

.

38
91

100
00 V
40V
79 V
27
37

pref

Do

-

25
200
8

32

32

pref.

Norfolk & Western
Northern Pacific

4

7,200

....

Do

.

200

Milwaukee* Northern
43 V
43
43 V
43 V 44 V
43
43V 44V
4334
43 V 44 V
Missouri Kansas * Texas
IO734 108 a4 10634 10734 107 V 108
U07VH0V 107 V 108
109
110
Missouri Pacific
36 V 36J
36
30
30
30 V
Mobile * Ohio
120
126
T25
*123 V 125 V
Morris * Essex
89 V 90
89
90
89
89
S9
90
V
88
89 V
8934 91
Nashville Chattanooga * St. L.
143 V 14334 14334 144’
143 V 143 V 14334 144 V 143 V 144
New York Central * Hudson .. 142 34 144
107
*106
107
107
106V 107
*105
107
V
108
105
New York Elevated
.*.. ^lOS3^ 108V
43 V 441
4334
43V
43
V
43V
43
4334
43
43V
4234 43 V
New York Lake Erie & West..
86
86
86
86
88
88
Do
pref.
New York * New England
185
185
184
184
184
184
New York New Haven & Hart.
31 »4 32 34
32
32 V
31V 32 V
32V 32V [31V 32 V
New York Ontario &Western ..
.

.

5,180

16 V

17

V

10034 101k

6

2,000
121,883
1,300

High

37

.

200

.

56
122 V

Do
pref
Louisville * Nashville
Louisville New Albany & Chic.
Manhattan
Manhattan Beach Co
Marietta & Cincinnati, 1 st pref.
Do
2d pref.

Milwaukee L. Sh. * West.,

'

9334

22 V

92 V 92 V
112 V H3V

111V 112 V

Long Island
Louisiana * Missouri River

Memphis * Charleston
Metropolitan Elevated
Michigan Central

19 V

20
33
92 V

19 V
33
92 V

.

2,000

'

*

‘

2234

123 V 124 V
98 V 99 V

124

123
98

103 V 104
53
53
89
90 V
'
140
22 V 22 V

.

1SS\ 13834

137 V 137 V
*80

'4iv/4iv

4 L k

103 k

131V 131V
12534 120

.

Jan.

45
37

50,250
9,785

114V i*15V
133 V 133 V
125 V 126 V
T38 V 139 V

113 V 114V

i2GV

126 k

*92" '93 k
r

113 V 114 V
125 V

103 V

92 V

159

159

41
41
103 V 103 s,

41 V

*41

29

140

103 V 104

Hannibal * St. Joseph
Do

i‘20 v

‘93 V
29

140

113 V il2 V U4V

'

-

East Tennessee Va. &

112 V

113 V 114

Paul

Northwestern.

Do

‘4

93

31V

*159

100

92 34
29

* *97*’

96

95 V
93 V

95 V

90V
93 V

95 V

90V
03

92V

93

Chicago & Alton
.

.

.

Low.

May 16 1
5 131
Apr. 7 71 ks July 13
Juiie. 15
Feb. 2(5 48
90
69
Feb. 24
May 20
Jan. 14
90
(52 V July 1(5
1(5
Jan. 18 40V June20
Feb. 17
82 V Jan.
4 112
80 V Feb. 25 102 V June 18
2034 J ail. lit 33 V May 14
48 V May 14
32 34 Jail. 12
30 V May 14
Jan. 25
23
Jan.
5
132
Apr. lit 150
Jan.
7
140
Mar. 23 153
154
July 20 182 ks J an. 17
95
90
May 17
Apr. 21
1 Olka Fel>. 25 129V June 0
117
Feb. 25 140
May 26
Jan. 19
117
Feb. 25 136
131 k3 Feb. 20 147 V Jan. 17
129
Feb. 2(5 148V May 21
40
Jan.
4 88
May 23

120

7,900

00V

05V

05 V

05 V

00 V

05

00 V

Highest.

Lowest.

15
115

05

io

05 V

05

04-V

05 k

04 V
’

Chicago Milwaukee * St.

Shares.

12.

*12^

127
05

127

For Full

the Week,

Friday,
Aug.

......

Chesapeake * Ohio
Do
Do

Aug. 10.

9.

Aug.

129
07

P29
07

127

Albany &

ft.

AUg.

Range Since Jan. 1, 1881. ^

Sales of

Thursday,
Aug. 11.

Wednesday.

Tuesday,

Mondav,

►>aiurrta\,
Auk.
0.

LOWEST PRICES.

AND

HIGHEST

DAILY

WEEK, AND SINCE JAN. 1.

STOCK EXCHANGE FOR THE

PRICES AT THE N. Y.

RANGE IN

[ Vol. XAXII1.

200

t Lowest price is ex

13
53
21
25

Jan.
Jan.

6
5

Aug. 6
Apr. 27

IV July 25
June 1

10
7
1
26
3V

June
June

8
8

Apr. 27
Jan. 11

privilege.

May 23
7
Jan. 15
43
29 V Jan.
4
8 V Feb. 7

65
67

9

35
38 V
21V
75V
27

June

Apr. 22
May 27
June 10

July
July

7
7

Feb. 17

4o34 May 26
7
Feb. 14
20
14
7
35 V
7

June
Jan.
Jan.

3
3
8

Feb.

9
13

Apr.

55

55
19V
28
26

42V
39V

39
IV 30V
4*
2V

16
30
9
45
20

27
39 V
24V

2
23
11V
6
20

21V

78V
34
70

25V
25 V
,

2Vl

35a

6*1

August

13,

THE

1881.]

CHRONICLE.

173

quotations of state and RAILROaD bonds and miscellaneous securities.
STATE

Rid.

SECURITIES.

70 •
82
95
83
102

A6Mum1mL 1899-1900...

30
14

7s, L. Rock A Ft. S. iss.
7s Mom]*. A L.Rock HR
78 L. R.P. B.AN.O.RR
7s Miss. O. A R. R. HR.

77

Ask.

30
17
10 >4

14i0
13

10
14

112
111
111
119

...

7s, gold, 1800
Louisiana—

G3

!

68*4

103

1

110

.

(is, due 1887
7
Gs, due *1888
Gs, due 1889 or 1890
Asyl’111 or Uuiv., due ’92
Funding, 1894-’95
!
Hannibal A St. Jo., ’86.
Gs,
Gs,
Gs,
Gs,
Gs,
Gs,

gold,
gold,
loan,
loan,
loan,
loan,

do

112

noii

11(5
110l4 Til Hi

’87.
i

108

1883
1891
1892
1893

s

Minn. A St. L.—lst.^s,
Iowa C.A West.—1st,

1
s

C.Rap.Ia.F.AN.—1st

110
117

*

BONDS

116

Houston A Texas Cent.—
1st mort., 1. gr., 7s
1st mort., West. Hiv., 7s
1st mort.,Waco A N., 7s

------

___

87 34

Jto
Chicago A Alton—1st

7s, 1883
Sinking fund, Gs, It
Joliet A Chicago—1
Income

89

AND

...

La. A Mo.—1st m., guar.
2d mort., 7s, 1900

ni.

.

|120 |

(300), 7s, 1898.

104" i()7*’
10G

1107

131*4 132
127*2 130

6s, 1917, registered
Keo.A Des M.—1st,;

------

j

110

108

*121
118*4'

117
117
10G

1 18
107
1111-2 112 Hz
135 *2 13GHz
135

Adjustment, 7s, 1903..
Leli.AW

B.—Con.g’d.a*

Am. Hock A lin.—Ass’t

Consol. 7s, 1905
2d mort., 7s, 1884
S. W.

Div., 1st, Gs, 1909.
1st, 5s, La.A Dav., 1910.

1st Chic. A P.W..5S.1921
Min’] Pt. Div., 5s, 1910.

C.&

Indianap.D.A Spr.—1st,7s
A Gt.No.—1st, Gs, gold till
Lake, Shore A Mich. S.—
Mich. So. A N.I., s.fd, 7s
Cleve. A Tol.—Sink. fd..
New. bonds, 7s, 1886..
Cleve. P. A Ash.- 7s—
Ruff. A Erie—New bds.
Ruff. A State Line—7s..
Kal. A W. Pigeon—1st
Het.M.A T.—1st,7s,1906
Lake Shore—Hiv. bonds

112
110

......

124

.

129
129
127
127

{

J

E. H. A

106 Hz

A

105

Coupon, 5s, 1931....

...

83 34
112
112Hz 113
11334 119
82 Hz

105 H
111
104
104

..

......

Morns A Essex—1st
2d mort,, 1891
Ronds, 7s, 1900...
7s of 1871-1901

m.

*124
140
119
121
125

a!?V:Coys°l., guar.,7s 107Hz 108*2
•Del.AII.C.-lstm.
,7s, 1884
T)oi

1st mort,,
7s, 1891
iBt mort,, ext,, 7s, 1891.
1st mort.,
coup., 7s, ’94.
niort., reg., 7s, ’94...
I8t, Pa. Hiv., cp.,7s,1917

Reg., 7s, 1917

Alb. A

.

119

.

„

1st m.,

..

1"09

109 Hz

x^mort < extended.

111
oV mort,, ext’d 5s, 1919. *110
3d mort.,
7s, 1883
109 Hz no
4tk mort., ext’d,

5s, 1920 *110
*112

133
124*0
*

Pxiccb nominal.




133*2

140
136

1st cons., Gs, 1919...
Cent, Br. U. Pac.—lst.Gs
Funded coups., 7s, ’95.

Ateh.C,AP.-1st,Gs,1905
At. Jew. Co.AW.—lst.Gs
Utah So.—Gen., 7s, 1909
3d mortgage, 7s, 190G.
Pacific of Mo.—1st,
2d mort., 7s, 1891
St. L. A S.F.—2d, Gs,

Gs

..

cl.A
3-Gs, class C, 1900
3-Os, class B, 190G
1st, Gs, Peirce C. A O.
Equipment, 7s,'1895..

Income A I’d gr., re

1st,Rio G.Hiv.,6s,1930
Co’s guar. 4Hzh 1st
Registered, 1921

c.

Pitts. Ft. W. A Ch—1st
2d mort., 7s, 1912
3d mort, 7s, 1912

m

112*2

129
129
108
113
114
113
109
108
no
102
'102
112 Hz

Mo. Pac.—1st consol., Gs

...

......

Registered Gs, 1921
t.-O. Pac.—1st, 6s,g.,1920
forf.AW.—G.l.in.,6s,1931

102
104 Hz
104 Hz

9G
97

105

102 Hz
103 Hz

Evansv. Div.—Inc.,1920
Roch. A Pitts.—Inc,,1921
St. Louis I. Mt. A So.—
1st, 7s, pref., int accum

114*2
2d, Gs, int. aec’mulative
108*2 St’gl.AIt’y—Ser.B.,inc.’94
122
Plain Income Gs, 189G.

i’07

8134

8i34

94 34

94 34

102
139
131
128
127

125

111
112
112

123*2
124

98
104
110 Hz
108
120

1137s
113 Hz

114*4
95

Gen.c.r'yA l.g.,5s,1931..

113Hz 114
108
120

Tex.Cen.—1st,s.f.,7s, 1909

111

Tol. Del. A Bur.—Main. Gs

Wabash—Mort. 7s of ’09
Tol. AW.—1st,ext.,7s

1st, St. L. Div., 7s, 1889
7s, ’93..
Equipm’t bonds,7 s, ’83
Consol., conv., 7s, 1907
Gt, West.—1st, 7s, ’88.
2d mort., 7s. 1893
Q. A T.—1st, 7s, 1890.
Ill.AS.I.—1st, 7s,1882
Han. A Naples—1st, 7s
St.L.K.C.AN.—R.e.,7s
2d mort., ext,,

Ora.Div.—1st uiort., 7s
Clarinda Br.—Gs, 1919

St.C.B.—1st, 7-8s,1908
Missouri—1st, 7s.

West.U. Tel.—1900, coup.
1900, reg

iio*
110
112
9G

94

101 Hz
96 7s
105

117*4

11878

(Interest payable if earned.)
9934 Ala. Cent.—Inc. 6s, 1918.
106 Hz 107*4 Centrail of N. J.—1908....
123
Chic. St, L. AN. O.—2d, 1907
i'2'6' 123 *2 Col.Chic.AI.C.—Inc.7s,’90
125
Cen 1.1 a.—Coup. del), certs.

* No price Friday—these are

99

30

*107*4 107*2
95
70

*76

101

38
73
59
59

107

il5*
Ind. Cin. A Laf.—7s, ’97 113
7s 1888
Col. A Hock.Val.—1st, 7s. *112*2
110GHz
2d mort., 7s
120
124
Col. A Toledo—1st m., 7s.
115
118
2d mort., 7s
110
Des M.A Ft,Dodge—lst.Gs
"75 " 80
Galv.H.A Hen.—7s, g., ’71
112
110
Gr. Rapids A Ind.—1st, 7s
122
tll5
1st mort., 7s, guar
101 Hz 106
Ex-land grant...
23
Stock
Indianap. AVinc.—1st, 7s
2d mort., Gs
Kansas A Neb.—1st mort,.

2d mort

Long Island—1st mort..
2d mort
Midland of N.J.—lst.new-

Income, “A”
Income, “B”
Stock
N.J. So.—Int. guar.,6s.’99
N.Y.AG’nw’d L.—1st,7s,n
2d mort
St. Joseph A Pac.—1st in
2d mort
St. Jos. A West’n—Stock.
South Side, L. I.—1st, 7s.
Tex. A St. L.—1st, 6s,1910
Utah Central—1st mort..
Utah Southern—1st mort
Wis.Cent,—1st series, new
2d series, new
.

i'll"
102
84
30

103
95
16
12
35
103
59
17

87*2
40

108
98
18
14

37*a
107
61
19

90

92

35
20

45
25
106

100

93
106

112*2
79 Hz

80

59

Southern Securities
(Broker's Quotations.)

Gs
Stock

Miss. Central—1st m.,
2d mort., 8s
N. O. A Jackson—1st,

7s.

8s.
Certificate, 2d mort., 8s.

2d mort.. 8s
Port Royal A Aug.—1st,6s
Rich.A Dan.—1st, cons.,6s
Stock
South w. Ga.—Conv. 7s, ’86
Stock

S.Carolina RR.—1st m., 7s
99

90
90

(Broker's Quotations.)

Northeast.,S.C.—lstm.,8s
95

54
50

2
Bust, Har. A E. new stock
l5e
50
GO
Chic.A Can.So.—1st, g., 7s
125
Chic. A S’west,—'7s, guar, t
Ciu. Ind. St, L. A Chic.—
107
1st mort., Gs, 1920
114
Cin. A Ind.—1st, 7s, ’92. 110

Memph.AChar.—1st, cons.
1st, consol., Tenn. lien..

77

92
57

Miscellaneous List

121Hz Georgia Railroad—7s...

100

G3

Tex. ASt.L.—L.g.,inc.1920

,

110*2

68*2

95*8

STATES.
107
109
113 Hz So. Car.—Consol. Gs(good) 103
104
Browne, consol
110 Hz 114
53 Hz
Virginia—New 10-40s
111*4 112
50
BAILROADS.
113
<Atl. A Gulf—Consol.7s,’97 till
109 Hz
Atl.A Charlotte—1st, 7s.. no
112 Hz
94
Income, Gs
110
78
Stock
9G
100
Car. Central—1st, Gs, 1923
Cent. Ga.—Consol, m., 7s. 118
118
115
Stock
118*4 119*2 Charl’te C.A A.—Consol.7s no
105
102
2d mort., 7s
50
102 Hz 105
Stock
124
Chic.St.L.A N.O.—New 5s
121Hz E. Tenn.Va. A Ga.—1st, 7s

INCOME BONDS.

ioi

49

St.L.A.AT.H.—Div. b’nds
Tol.Del. A B.—Inc.Gs,1910

2d, 7s, 1887

......

......

Arkansas Br.—1st mort.
Cairo A Fulton—1st m..
Cairo Ark. A T.—1st m.

180

Dayton Div.—Gs, 1910
98 Hz

......

ib'2"

97
85

Mil. L. S. A W.—Incomes
Mob.A O.—1st pref.deben
100*8
G7
2d pref. debentures
58
3d pref. debentures..:.
55
4th pref. debentures...
N.Y.LakeE.A W.—Inc.Gs t
56
N.Y.P. A O.—1st inc.ac.5-7
N.O. M. A Tex.—Deb.scrip
53
Oliio Cent,—Income, 1920
Ohio So.—2d Iuc„ 6s,1921
*47
Peoria D. A Ev.—Incomes

i()7*->

2d con., 7s, 1909

>hio A Miss.—Consol, s. f.
Consolidated 7s, 1898...
2d consolidated, 7s,1911
118
1st m., Springfield Div..
Chic.St.P.AM.—L.g.mc.Gs
)hio Cent.—1st, 6s, 1920. *100 Hz 102% Chic. A E. Ill.—Inc., 1907
101
1st m., Ter’l Tr., 6s, 1920
E.T.Va.AG.—Inc.,6s,1931
96
Ind.Bl.AWest.—Inc.,1919
Ind’s Dec. ASpr’d—2d inc.
109
Trust Co. certificates...
109
Int. A Gt. North.—2d Inc.
Evans. Hiv.,1st, Gs, 1920
2d assented, 6s, 1909—
’ac. RRs.—C.Pac.—G.,6s.
116Hz
Lake E. AW.—Inc. 7s, ’99
San Joaquin Branch.. 1123s
Cal.A Oregon—1st m.. IO734
Sand’kvDiv.—Inc., 1920

t And accrued interest.

registered

109

117
108 Hz 109
115

Spring Val. W.W.—1st, 6s
Oregon RR.ANav.—1st,Gs 110

Gs, 1905.

107s4

small

11334 Ogdensb.AL.C.—Inc. 1920

128 Hz
Clev.APittsb.—Cons., s.f
4th mort., Gs, 1892
*114*2
140
Col. Cli.A I. C.— 1st, eons

No.

117

104

109
126
138

vS°T?-& R"-C.-l8t,78
cons. 5s

136

*

1st,cons., guar.7s.1906
Rons, a Sar.—1st,
coup.
1st mort.,
reg., 1921
*138
Denv. & Ri0 Gr.—1st, 1900 118*2 119
let, consol., 7s, 1910
116
ET

11W
1()0*4 10056

94 >2

127 Hz

127Hz
Suscl—1st m., 7s *116

2d mort,, 7s, 1885

137 Hi

N. Y. C. A H.—1st m.,cp.
1st mort., reg., 1903
Huds. R.—7s, 2d, s. f.,’85
Canada So.—1st, int. gu.
Harlem—1st m., 7s, cp..
1st mort., 7s, leg., 1900

i'19

1*20

Gs

1st m., Gs, 189G.

...

..

*124

-

Registered 8s, 1893...

1st, Dayt. Hiv., Gs, 1910
1st, Ter’l trust, Gs, 1910
101
W- St. L. A P.—Gen. m., Gs
107
Chic. Hiv.—5s, 1910
91 Hz
Hav. Hiv.—Gs, 1910
107 Hz 107 Hz
Tol.P.AW.—1st, 78,1917

Registered, 5s, 1931....

Jack. Lan.A S—Gs, 1891
*125*4 127 Hz
Winona A St. P.—1st in. *108
Mil. ANo.—1st, 4-5-6s, 1910
2d mort,, 7s, 1907
*124
Mil. L.S.AW.—1st 6s,1921
C. C. C.A
Mo. K. A T.—Gen.,con., Gs
Ind’s—1st,7s,s. f. *124 127
Consol, mort., 7s, 1914..
Cons., assented, 1904-6.
C
113
2d mort., income, 1911
St.L.AN.O.--Teu.lien,7s
H. A Cent, Mo.—1st,’90.
Ijrtnivcon., 7s, 1897.... 113
C.St.P.M.& O.—Cons., Gs 103*4
C-St.P.AM.—lst.Gs,1918 112 Hz
No. wise.—1st, 6s, 1930.
2d, Gs, 1901
L Y. Central-68, 1883
®.t-P-&S.C.—1st, Gs.1919 113*2
Chic.A E.I11.—1st,s.f.,cur. 110
6s, 1887
* W.—7s, conv. ’92 119
6s, real estate, 1883
Mort. 7s, 1907
Gs, subscription, 1883..

83

10734

Lehigh A W.B.Coal-1888
Laf.Bl.AMun.—lnc.7s, ’99 t

*107 "a
118*8 118*2
1 1 7 *<z 118

.

Gs, 1909

81 Hi
45
10 Hi

Gs, consol.. 2d series
^
Gs, deterred

Registered
Funding 5s, 1899

107
111

100 Hz
2d mort., income, 7s, ’94 106
Metrop’lit’n El.—1st,1908 100
88 Hz 90
Belleville AS. Ill.—1 st 111. *---2d mort., Gs, 1899
130 Hz St.P.Minn.A Man.—1st,7s 112
Mich.Cent.—Con.,7s, 1902 129
10G
2d mort., Gs, 1909
1st mort., 8s, 1882, s. f.. 105
Dakota Ext,—Gs, 1910
*109 Hz
Equipm’nt bonds, 8s,’83

m..

Syr.Bing.A N.Y,—1st,7s

Sinking funds, 8s,

St. L. Alton A T.H.—lstm.
2d mort., pref., 7s, 1894.

117Hz

42

SECURITIES.

1st, Tr’t Co. ctfs., ass’d *
2d, Tr’t Co. ctfs., ass’d
lst.Tr’t Co.ctfs.,8uppl.
St.L.V.AT.II.—lst.g.,7s t
10G
2d mort., 7s, 1898
2d m., guar., 7s, 1898.
97 Hz
Rome W.AOg.—Con., 1st.
Roch.A Pitt,—lst.Gs, 1921 102
120
Rich. A All’g.—1st,7s, 1920 108
108 Hz Scioto Val.—1st, cons., 7s.
110
St. Louis A I. Mount.—1st 117Hz
103
113
2d mort., 7s, 1897
109
106 Hz
100

72 Hi
72 Ha

40
40
40
121

3G5s, 1924

...

Ill
111
reg
Iowa Midl’nd—1 st m., 8s *130
Galena A Chic.— Exten. 100*4
Peninsula—1st m., eonv 120

Mil.—1st

127 Hz

123
104 Hi
112
104
102
101

2d mort., 7s, gold, 1883.
Cecilian Br’cli—7s, 1907

Manhat.B’ch Co.—7s,1899
N.Y.A M.B’li—1st,7s,’97
Marietta A Cin.—1st, 7s
1st mort., sterling

......

Chicago A

130
131

series, 1914.....

Virginia— Gs, old
(is, new, 18GG
(is, new, 1867
(is, consol, bonds
Gs, ex-matured coupon..

I)o
Ho,

Consol., Gs, 1905
120 F

'72'^
71
71

Small bonds

uen. Pacific.—Continu’d
State Aid bonds,7s,’84
Land grant bonds, Gs.
West. Pac.—Bonds, Gs
So. Pac. of Cal.—1st, Gs.
Union Pacific—1stn
Land grants, 7s, ’87-9.

Collateral trust,

new

13

District of Columbia—

113

Pennsylvania RR—
Pa.

.

...

Sinking fund,

8

85

So. Pacific of Mo.—1st m
Tex. A Pac.—lst.Gs, 1905

irf

N.O.AMob.-lst,68,1930
N.—1st, Gs, 1919
124
125*8
Gen’l mort., Gs, 1930..
108
Pensacola Hiv—6s, 1920
120
130
St. L. Div.—1st, 6s, 1921
60
2d mort., 3s, 1980
106*2 no
9G
Nasliv. A Dec.—1st, 7s.
106 Hz 107
S.A N.Ala.—S.f.,08,1910
11G34 117Hz L. Erie A W.—1st, 6s, 1919 109
110
Sandusky Div.. 6s, 1919. t
*.....-. 97
Laf. Bl. A M.—1st, 6s, 1919
97
Louisv.N.Alb.AC.—lst,Gs
......

Interest bonds, 7s, 1883 106*4
13(3
Consol.bonds, 7s, 1915..
Extension bonds, 7s, ’85 *109
1st mort., 7s, 1885
112
t
Coupon gold, 7s, 1902... 126*2
Reg., gold, 7s, 1902
*126*2

Gs, 1929

112

Louisville. A Nashville—

N.west.—S.f, 7s, 1885

Sinking fund,

108
112
112
120

104 Hi'H>5
■104
110
115
121
94 78
84 *4
109

...

.1

*124 7e

100

132

Consol., 7s, 1898
122
122
122

133

130

Consol., coup., 1st., 7s
Consol., reg., 1st, 7s...
Consol., coup., 2d, 7s..
Consol., reg., 2d, 7s

123

lstm., I. A M., 1897
lstm., I. A H., 1899
lstm., C. A M., 190£

130
102 Hs 103

110
115

Cod. F. A Minn.—1st m.
Ind.Bl.A W.—1st, pref., 7s
j
1st mort., 3-4-5-Gs, 1909
2d mort., 3-4-5-Gs, 1909.

.
.

2d

8
8
8

7 m
87 Hi

1910

MISCELLANEOUS

111 Hi 112

2d, consol., main line, 8s
2d, Waco A N., 8s, 1915
Income and indemn’y,7s
Gen. mort., Gs, 1921
Ill.Cent.—Dub. A S. C., 1st
Hub. A S. C., 2d Hiv., 7s

60**4 Gl *2
120
102 Hz i(>7
114
115

ey,

(is,

Gs, coupon, 1893-99

..

•

Gs, Act Mar. 23, 18G9 (
non-fundable, 1888.. S
Brown consul’ll Gs, 1893
Tennessee—Gs, old, 1892-8
(is, new, 1892-8-1900

150
150
125
125
13
13
22
22
G Hi
7 >4

Rhode Island—

1st, consol., fd. cp.. 7s. *
2d, consol., fd. cp., 5s.
io-i
Fl’tAP. Marq.—M. 6s, 1920 115
113
Gal.liar. A S. Ant’o—lst.Gs 10734
75
80
1st, La Gr. Ext., 6s,1910 *1 1034
102
2d mort., 7s, 1904
11034
jl02 *4
Gulf Col. A S. Fe—7s, 1909 117
*118 I
1101 Hi 1102*2 Han. A St. Jos.—8s, conv. 114

)
Central Iowa—1st, 7s,
Cheasp. A O.—Pur. 111’y
Gs, gold, series A, 1908.

Consol. 4s,
Small
Ohio—

South Carolina-—

7*4

Gs, 188G

Ruff. N. Y. A E. —1 st, 191G
N. Y. L. E. A W.--New2d,6

.

class 2
class 3

Ho
Ho

Erie—Continued—

>

Special tax, class 1, ’98-9

Ask.

Rid.

SECURITIES.

•

Railroad Ronds.
s

,

110 ^

reg., 1887..
coup., 1887

RAILROAD

(Stock Exchange Prices.)

No.Carolina HR., J.AJ.
Ho
A. AO
!
Ho
coup, off, J.AJ.j
Ho
coup, off, A. AO.

Ho
A.AO
Chatham HR.

Ask.

37
37

old, J. AJ.

Funding act, 1806-1900.
l)o
1808-1898.1
New bonds, J.AJ., ’92-8

Ill
113
114

....

Ho
New York—

112 Hz

07 Hi

7s, consol., 1914
7s, small..

1

Gs, due 188G

Bid.

Gs, old, A. A O

Missouri—

Gs, due 1882orl883

SECURITIES.
N. Carolina—Gs,

1

Gs, 1883
7s, 1890

98 ‘

7s,’Arkansas Cent. HR.
Connecticut—Os, 188.1-4.. 104'

Georgia—Os. 1880
.78, new, 1880.....
78, endorsed, 1880

Rid.

Michigan—

AlabamaClass A, 3 to
190b....
Class A, 2 to o, small....
Class B, ns, It>00
Class C, 4s, 1000
Os, 10-20s, 1000
'---_

'

SECURITIES.

Ask.

BONDS.

101
100

Stock, assessment paid.
7s, 1902, non-enjoined..

79
71

Non-mort. bonds
Western, N. C.—1st, 7s...

latest quotations made this week.

tl22
tllO
172
117
117
107
107
112
116
125
119
105
102
106
120

106

54Ha
115
112
96
82
101

120
120
114
108

57
120
124
112

175
120
no
110
115

120

i*08
105
112

106
40
123
77

50
124
78

107

108

New York Local

Ihmuriinee Stock List.

Price.

Pit C'E.

America*

Exchange
Bowery
Am.

Broadway
Butchers’ * Drov’rs’
Central
Chaste
Chatham

Chemical
Citizens'

10O

142k

100
100
25
25
100
100
25
100
25

120

Commerce
Continental
Corn Exchange*
East River
Eleventh Ward*
Fifth
Fifth Avenue*
First
Fourth
Fulton
Gallatin
German American*.
German Exchange*.

.

Imp. and Traders’...
Irving
Island City*
Leather Manut’trs’.
Manhattan*
Marine
Market
Mechanics’

Mechanics’ Assoc’n.
Mechanics’ & Tr’drs’
Mercantile

Merchants’
Merchants’ Exch’ge

Metropolis*

Metropolitan

MounC Morris*
Murray Hill*
New York
New York County...
N. Y. Nat’l Exch’ge.
Ninth
North America*
North River*
Oriental*
Pacific*

i2i

.

131

....

...

....

....

.

...

.

125
•

•

....

....

...

....

....

....

....

....

...

130

•

•

•

•

....

•

•

•

•

•

•

•

....

•

.

«

•

•

...
•

•

•

•

•

•

•

•

Kings County (Bkn.)
Knickerbocker

.

•

•

Lafayette (Br’klyn).

....

»

....

...

•

.

•

•

...

...

153

•

•

....

....

....

•

•

.

•

•

•

....

....

.

....

.

.

.

.

.

.

....

•

.

«

.

„

„

...

....

-

.

.

«

*

.

.

50

140

165
110
no

170

143

147

100
100
100
100
100
100

ioo

100
40
50
100
100

•

-

*

T

.

130

,

•

T

•

.

.

•

Tradesmen’s
United States
Westchester

•

....

.

.

Williamsburg City..

....

•

.

•

•

300
:o
140
105
85

,

160

.

.

j

-

*

Lowel;
Maine
Providence

T

t

_

_

112

233

130

115
00
75
150
130

25
20

Brooklyn Gas Light Co
Ci tizens’Gas Co (Bklyn)
bonds

1,C00

Harlem
Jersey City & Hoboken

50
20
50
100
500
100

do

Mltuai.N. \
bonds

Nassau. Brooklyn
do
New York

Va\
100
10

scrip

Bondi
Bonds
Cmtrai of New York

Williamsburg
bonds

M itropolltan,

Municipal

100
100

Brooklyn

do
bonis
Fulton Municipal

'ioo

130

140

Revere

»

....

mortgage
Broadway & Seventh Av

100

-

St’k

1st mortgage

100

1,000
10

Brooklyn City—Stock

1,000

1st mortgage

Broadway (Brooklyn)—Stock
Brooklyn & Hunter’s Pt.—St’k
..

100
100

1,000

1st mortgage bonds...,.

100
100

Bushwick Av. (B’klyn)—Stock.
Central Pk. N. & E. Kiv.—Stock
Consolidated mort. bonds

1,000

Christopher & Tenth St.—Stock

100

1,000

Bonds

100
Dry Dock E.B.& Batt’ry—Stock
300&C
1st mortgage, consolidated
100
Eighth Avenue—Stock
1st mortgage
1,000
100
42d 8t. & Grand St. Ferry—St’k
1st mortgage
1,000
100
Central Cross Town—Stock
..

1st mortgage
Houst.West St.&
1st mortgage

1,000
Pav.F’y—St’k

Second Avenue—Stock
3d mortgage
Consol, convertible

1,000
1,000

Extension

00&C
100

Sixth Avenue—Stock
1st mortgage

1,000
100

Third Avenue—Stock
1st mortgage

Twenty-third Street—Stock.
1st mortgage
*

This

comma




100
500
100

1,000
..

100
1.000

shows last Jividen 1

on

900,000
604,000
1,100,000
,500,000
.,000,000
300,000
200,000
400,000
300.000
500,000
,800,000
,200,000
6)0,000

250,003
,200,000
000,000
,0<)0,000
203,000
748,000
230,000
000,000
200,000

Q-J.
J.& D.

Q-F.
M.&N

Q-J.
A.&O.
J. * J
J. & J.

Q-J.
J. & D.
F.& A
J. & J.

Q-F.
J. &D.

Q-J.
J. & J.
N1.&N.
A.&O.

500.000 J. * J.
J.&J.
A.&O.
M.&N.
M.&8.
M.&N.
J. & J.

Q-F.

J & .T.
600,000 F.&A.
250.000 M.& N.
.

do

Elmira *

pref......

7
3
2
7

26
115
135
June ’84 103k 100
20.5
Aug., *81 200
110
Nov., ’83 102
170
Julv, ’31 100

23k

113
132

....

Dec. 1002 113

2k Aug., ’81
7
3
7
3
7
6
7

7
7

7
5
7
5
7
4
7

116
95
no

90

1^93

100
Aug., *81 100
June, *93 114
duly, ’.31 185
Jan.. ’Si 100
May. ’81 185
Apr., ’93 no
60
Nov.lOO-l 105
50

duly.
2k July,
7
Apr ,
7
Uct.,

!

Nesquehonlng Valley

July, ’8li 100
1K38
102k 105
110
2k July, ’3! 100
2
127
July. ’31 122
7

pref.

Little Schuylkill
SiinehlU
-

H July, ’FT
J’ly.1900
Ju’y, V1

’94 105
"81 1(5

ii8
no

iio
00
110
c

110
112
102 k

100
’80 107 V no
Sent..’83 100
Feb., ’81 250 230
Ju y, '90 110
llo
May, ’HI 180
114
July. ’90 112

’85

.

Aug ,'S1 145
day. ’03 105

.

+

Norristown
Norfolk & Western, pref
do
do
com....
North Pennsylvania

Pennsylvania
Philadelphia* Erie
Pulladelphla & Itead;ng
Philadelphia* TrentoD
Phtla.Wllmlng. & Baltimore.
&t. Paul & DuluthR.R. Com
do
do
pref.
United N. J. Companies
West Chester consol, pref....
West. Jersev

112

stocks, but the dateof maturity of boti'U.

!

•4

31%

i

25

32

105

37
24

44%

49
45

14%

.

120
55

In default.

58

iio

-

H5k .lev

Cam. & Atl. 1st m. 7s. g., 1^93
iuo
2d m. cur. 7s, 1FJ9
do
Cam. * Burlington Co. fis.'Di.1
*

2d m. 6s. reg.,

123

125

Vim

112

1907

;

+ Per share.

108k

106

do
6s, exempt, lb87
do
6s, 18S0, quarterlydo
5s, quarterly
Baltimore 6s, 1834, quarterly.
do
6s, 1886, J.& J
18
do
68,1890, quarterly... !
do
6s, park, 1390,Q.—M.
do
6s, 1893, M.&S
do

6s,exempt,’93,M.&S.

do
do
do

120

Par.
RAILROAD STOCKS.
Balt.* Ohio
100 193k 200
co
1st pref
122
do
2d prtf
do
Wash. Branch. 100
do
Parkersb’g Br..5o
Northern Central.. .... ...50 54k '54k
Western Maryland
50 17k

Central Ohio
50
PlttBDurg & Connellsvllle..5l)

RAILROAD BONDS.
Balt. & Ohlp 6s, 1835,A.&O. .. 11L
W.
Va. 3c\ m.,guar.,’85,J*J
N.
Plttsb.* Connell8V.7s,’93,J&J i23k
Northern Central 6s, ’85, J&J K8
do
6s. 1900, A.*0.

do

125

«.a.<.oiip,,33

mort. 6s. *89

■iis

6s, 1900, Q -J
68.1902, J. &J
|
5s, 1)16, new
| Norfolk water, 8s

87k
i 92

t

do
do

i04k
iio

•

64-34!

RAILROAD BONDS.

Allegheny Val.,7 3-10e,l896...
do
7s, E. ext.,1910
lac. 7s, end., *94
do
Belvldere Dela. 1st m.,6s,1902.
do
2d m. 6s.’8.L.
do
3dm. 6s,’37..
Camden &Am c-

110

United N.J. cons. m. 6s,’94..
Warren & F. 1st m.7s, ’96
West Chester cona. 7s,’91
West Jersey 6s, deb.,coup.,’8b
do
1st m. 6s, cp.,’96.
do
1st m. 7s, ’99......
cons. 6s, 1909 ...t
do
W. Jen-ey & Atl. Ht in 5s, cp.
Western Penn. 1<R. 6s,cp.’9b.
109
do
6s P. B.,’36.
CANAL BONDS.
90

...

o:

canal stocks.

Chesapeake* Delaware
Delaware Division
Lehigh Navigation—.
Pennsylvania
Schuylkill Navigation
do
prof...
Susquehanna

„

155

Jersey* Atlantic

09 k:
iiiok

04%

.

West

99
3d

Maryland bs, defense, J.& J... 105k

Lehigh Valley

1883

3%

do

do

122

lnc.&l. gr.,7a 1915
Union & Titusv. 1st m. 7s, ’90.

do

Huntingdon* Broad Top...

July,
June,

70

BALTIMORE.

do

1900

7
2
7

Williamsport

pref..
do
Har.P.Mt. Joy & Lancaster.

July,
July.

80

03

Chesap. & Dela, 1st 6s,

do
pref
do
new pref
Delaware & Bound Brook...
East Pennsylvania

•Jan.,
1807
1900

65

rg.,^ 1C6&
Lehigh Naviga. m.,6a, reg.,’84
118
do
mort. RR., rg ,’97
im
do mort. gold, ’97— 119
do cons. m.7s, rg.,191!
Morris, boat loan, reg., IS85.. '97
Pennsylvania 6s, coup-. 1910..
Scbuylk. Nav.lst rn.6s.rg.,’97. 93k 94

pref.

Atlantic

ao

250.0(2)

.199,500
150,000
,0:50,000
200,000
750,000
500,000
!,000,000
,000,000

1894-1004

CutawlB8a

....

M.&N.

102

Allegheny Valley.. ...
Buffalo Pitts. & Western....

F.& A.
Var.
M.&N.
M.&N.
/.& J.
M.&N.
Var.
F.& A.

J. & J.
J.&J.

68,10-15, reg.,ls77-’82.
68,15-25, reg.,l832-’92.

do

97

do

5s, reg., 1382-1832
5s, new, reg., 1S92-1902

Camden *

125
l‘<7
127

-

Philadelphia, 5s reg. v........
do 6b,n., rg.,prlorto 95
do 4s, various
railroad stocks.t

Quar.

108k

Syra.Gen.* CornV,lsf,7s,1905

CITY BONDS.
Penna.58. g’d, int..reg. or cp.

F.&A.
•J. & J.
J.& J.
U.&S.
F.ft A.

118

Texas & Pac. 1st m.,6s,g.,1905
do
Rio Grande D.v..
do
cons. m.,6e,g.,1905

pref

STATE AND

43, reg.,

101k

I Stony Creek 1st m. la 1907....
Sunb. Haz. & W.,l8t m.,5s,’23.
co
2d m. 6s. ;938..
Sunbury & Erie 1st in. 7b, ’97..

PHILADELPHIA.

VarT

123

icskl.'!"

7s, R. C., 1893*
7s, coup, off,’93

do

Beach & Lynn

Wisconsin Central

Period

1,000,000 M.&N.
3,000,000
750,000 M. &N.
1.50J,000|

1,000

1st

141*

139k

Phil.*iLCoal*Ir’n deb.7s,92* 01
do
deb. 7b. cps.off
i
do mort., 7s, 1892-3
Phlla. Wllm.* Balt. 6s,’84....
121
Pltts.Cin.&St. L. 7s, cou.,1900
i
do
do
7s. reg., 19<'C
iR'ch.* Danv.coni.int.6s,19.5 110
'Shamokm V.* Pottsv.78, 1901 104
iSteubenv. & Ind. 1st, 6s, 1884.

Vermont* MaBsacnusetts..
Worcester* Nashua

.

,

i;2
130

Portland Saco & Portsmouth
140k
Pullmau Palace Car
x29
Rutland, preferred

....

115
210

L20
155

127

do conv.

75

43

110

[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bleeckcr St. & Fult. Ferry—St’k

...

115
>05

do
do
do
do
do

4,000,000
1,000,000
1,000
375,000
Var.
125,000
50
480,000
50 1,000,000 Quar.
1,000 1,000,000 A.& 0.

Peop*’s (Brooklyn)

do-

700,000

153
37
10)

pref..

80

1,200,000 Var.
315,000 A.& O.

1,850.000
750,000
4,000,000
2,500,000
1,000,000
5,000,000
1,000 1,000,000
25 1,000,000

Manhattan
Metropolitan
do
bonds
do

2,000,000

50k

93

• •

•

98

Old Colony

115

....

City Railroad Stocks and Bonds.
[Gas Quotations by ueorge H. Prentiss,Broker, 17 Wall Street.]
Amount

104-s

pref
pref

do

Oats and

Par.

3<3k

Ogdensb.* L.Champlain

140

}•••.

po
do
5s,-920
Phlla. Newt’n * N.Y., 1st m.
Phil.* R. 1st m.6s,ex.due 190
do
do
1910
do
2d m.. 7s, cp.d'S.
126
do
cons. m..7s,cp., 19.1
do
do
reg.,191’
do cons.m.flj,g.lR<Ji9tl
do lmp.m.,6sg„ 0.1897
to
do gen. m. 6». g.. C.liOl
do 4q. m.,7s,coup.,’896.
61
do d -h. ooud , n93*—
to
r o
do c .up.
»up. off, lb9J.
75
do rcrip, 1832

27

90%
Sioux Cl'y
83%
Little Rock* Fort Smith....
Manchester & Lawrence....
73
Mar. Hough. * Oat
Mar. lloigh. & Oat., pref...
ibo
Nahsua* Lowell
New York & New England...
ill
Northern of N. Hampshire...
Norwich* Worcester
.

210
10
140
05
8J

•

135

.

'89)4

PC
CO

....

do
cons.in. 68, cp., 1905.
.
do
(O
5*
Penn. Co , 6s. reg
do
do
4%3
Perklomen 1st in. 6s,coup.,’3.
Phlla. * Erie 2d m. 7s, ep.,’88
do
cons. mort. 6s.’920

looks
.

....

Pennsylv.,gen. m. 6s, cp.,1910 125
do
gen. m. 6s, rg., 1910.
do
cons. m. 6?, rg., 1905.

Iowa Fall* &

do

Gas Companies.

01
39 %
26

common.

do

do
Scrip
Pa.* N.Y.C. * RR. 7s,i895
do
1900

105k

(New Hampshire)...

do
Fort Scott* Gulf,

137k

Little Schuylkill, 1st m. 7«,’S2
98
N. O. Pac., lit m.,6s, 1920 ...
North. Pcuu. 1st in. 6s, cp.,’85. 108
do
2d m. 78, cp., ’96.
do gen. m. 7s, cp., 1903.
do gen. m. 7s, reg., 1908 --....
do new loan ts,reg ...
HO
Dll Creek 1st m. 7s, coup.,’8*. fylkL..
cp.,’96 100 101

I6J

(Mass.)

Fitchburg
Flint &Pere Marq

100

123

...

120
do reg., 1S93... 127
do
do 2 l rn. 7s, reg., 1910..
do
con. in., 6s,rg.,1923 123
do
do
6s/p.,19*3

Lehigh Valley, lst,6s,cp.. 189b

x41H!j4lk
1 <4

Passumpslc

95

t'lttsb.TUusv.* B.,7s,

Sandusky & Clev
Concord
Connecticut River
Conn. &
Eastern
Eastern

lunetlou 1st more. 6s, ’82
do - 2d mort. 6s, 1900

huk

103k

Clu.

«

t

107

1*»2

W. Michigan

Chi *. &

90
123

loo

130.
50
50
100
25
50
100
100
25
25
25
10
50

do
do
do

.

Cheshire preferred

i.U)

.

in

m

1st m. 7s, f i. g.’»9
2d m. 78, gold, ’95. uo
2d m. f .ectlp g.,7s
cons. m. 7s, 1895...
co
do
5 s, 1395... 93
Ithaca* Athens 1st g <1, 7a.,’SO
do

8a..

& Topeka
Albany

Atchison
Boston*
Boston &
Boston &
Boston &

95
70
120
70
150
113
l70

221
125
.

!

mo
ns.perp
dor
flariisburg lstmor* 6s, ’83... 104
H. & B. T. 1st m. 7s, gold, ’90.

•j1

iiok1

STOCKS.

....

0.)

.

Pueblo & Ark. Valley, 78
Rutland 6s,1st mort
Vermont & Maas. RK.,6s
Vermont & Canada, new

210
70

120
117
150
118
155
110
65
00
185

Colony,0s

Old

12j
100
85

109

20

Sterling
Stuyvesant

lftf-

....

:oo
15 J

Standard
Star

*

125
....

25
50
50
50
50
50
37 U
35 ~
100
100
100
50
25
25

Republic
Rutgers’

....

;yu

!57
123
05
75
loO
200
00
112

140

Phenix
Relief..

~

....

100
100

People’3

....

K'5
115
124

180
157
118
270
(55
135
100

..

'•22k

j E1.& W’msport, 1st m.,7s,’80.

1104

.

.

125

Delawat e mort.. 6s. varioue..
Del. * Bound Br., 1st. 7s. 1905
East Penn. 1st met. 7e, ’88 ..

4 >... 941-4! 04*94
7s, 131)1. liyu'iis^

Mass., 4 *,8, new. ..
Fitchburg KR., 6s
do
7s
Fort Scott & Gulf 7s
Hartford & Erie 7s
K. Cltv Lawrence & So. 4s...
KaM. (jily. St. Jo.& C. B. Is. .
Little K’k & Ft. Smith, 7b,1st
1
Mexican Central, Te
acw York & New Eng. 6j—
do
7s ,.i
New Mexico & So. Pac. 7s...
Ggdensburg &*Lako Ch.6»...
Inc.
<’o
Old Colony,7s
....

....

,12)

100

;

astci u,

f

•,

..

Manufae’rs’ * Build.
Manhattan
Meoh. * Traders’...
Mechanics’ (B’klyn).
Mercantile
Merchants’

North River
Pacific
Park
Peter Cooper

....

210
100

(B’klyn)

Niagara

Fa-'mmpaic,
Connett ;n Valley. 7s

Art.

jClmrtlers
Val., 1st m.7s.C., 1901
i

Chicago Burl. & Quincy
ohu. •«

60

Montauk (Brooklyn)
Nassau (Brooklyn)..
National
New York Equitable
New York Fire
New York & Boston.
New York City

•

70
no

115
00

Lorillard

•

....

....

Tione Island

....

....

5t>

i

iCatawlaaa 1st, 7s, conv.,V2...
do
chat, m., 10s, ’88 ..
( o
new 7s 1900
Connecting 6s, 1900-190-1

-

*)^

5<*
25

—

'Mi

..
Atlantic & Pacifl', 6s
i o.
income..
Bostou & Maine 7s ..
Aosion « Albany 7s

Bid.

8K(TDKITI28.

..

170

100

Lamar

....

i)7k

210

iio

15
50
50
100
50
50
100
30
20
40
50

125

124

land grant 7s
land inc. 8s..

do
6s
Boston & Lowell 7s
d ■>
6s
127
boston & Providence 7s
iurl. & Mo., laud grant 7s..
Nebr. 6s
do
Ex
do
Nebr. 6s..
do
Nebr.4s ... - ..

....

135
60
100
2*25
230
$5
103
120

100

Importers’ & Tr’d’rs

100
25

Produce*

.,

•

.

•

•

Irving
Jefferson

.1

120

20
50

State of New York..
Third
Tradesmen’s
Union
United States
West Side*

Greenwich
Guardian
Hamilton
Hanover
Hoffman
Home
Howard

,,,,

•

....

•

—

Globe

•

....

100
100
100
100
100
100
70
HO
25

.

.

•

.

.

...

50
100
100
25
50
25
100
50
50
100
100

Pbenix

8econd
Shoe and Leather.

•

•

«...

Farragut

Firemen’s
Firemen’s Trust
Franklin* Krap....
Gorman-American..
Germania

.

.

...

’

Exchange

.

....

!

30
50
100
40
100
30
50
17
10
100
100
50
50
25

:..

Eagle
Empire City

i 25
175

....

•

25
17
20
70
100

Commercial
Cont inental

....

100
25

Clinton
Columbia

.

145

100

Seventh Ward

.

....

..

75
100
100
25
100
100
50
50

Republic
St/Nieholna

.

132
....

25
100
100
100
100
HO

People’s*

•

170
110

16)
1 13
2 5
2>'i)
21 0
10)

50

Bowery
Broadway
Brooklyn
Cit Izens’..
Cjfy

...

Ask.

Bid.

American
American Exchange

*

....

....

Nassau*

*

•

50

Germania*
Greenwich*
Hanover

*

.

100
100
100
100
25

City

Par.

Companies.

Par.

Marked, thus (*) are
not National.

BOSTON.
Tcpeka let m.7s

do
do

Ask.

Bid

8BCUF.1TIK8.

Atch. &

Companies.

Philadelphia and Baltimore.

Quotations in Boston,

Securities.

[Quotations by K. S. Bailey, Broker,
No. 7 Pine Street.]

List.

Bank Stock

Sixth

fVoL. xxxin

THE CHRONICLE.

174

6s, gla,190t), J.&J. 116

...

i 22%

im

Cen. Ohio 6s, 1stm.,’90,M.& S.
W. Md. 6s, 1st m.,gr.,’90,J.*J. 117% 119
do
1st m., 1890, J. & J.
do
2dm.,guar., J.&J.
1C8
2d m.,pref
do
do
•d in., gnu,.. o .v
do
im
Mar. & Cin. 7s, ’92, F. * A ... 123
83 k 8>X
do
2d, M. & N
48*
48%
do
Ss,3d,J.*J
Union RR. 1st, guar., J. & J..
do
Cnn'-'n priflorpod
...

August

Railroad Earnings.—The latest railroad earnings and the
totals from Jan. 1 to latest dates are given below. The state
‘ment includes the gross earnings of all railroads from which

.,-c

1,840,007 12,052,54110,341,759
214,255 1,299,251 1,259,030
190.659 3,917.422 4,133,060
7,970,019
1,909.027 7.014,741
888.815 “ 040.859
Chte. A East. Ill..4th wk J’ly
35,250 82,800
Chic.AG.TrK.WK.ena.jaiyuj
^d,ou
is.j'ji.
754.390 638,235
Chic.A G.Trk. Wk.end. July 10
25,617
18,291
Chic. Mil.&St. P.lst wk Aug 360,000
221,401 9,019,000 6,695,034
Chic. A North w.. July
1,928.099 1,099,080 10,955,495 10.181.339
Chi.St.P.MinAO-.lst wk Aug 77,732
52.001 2,120,017 1,625,793
Chic. AW. Mich.. 3d wk June 20,620
13,875 453,050 370,805
Cin. Ind.St. L.A C. June
188.256
200.332
509,791
551,307 1,083,793
29,799 1,068,186
26.597
Pacific...July
1,859,001)
244,305
Tune
.1th wk J’ly 193,810
ChicJBnrl. & Q.. - May
1,079,455

Cfintral
Ches

'

"

.

"

..4tli wk J’ly
1.4th wk J’ly
Clev. Mt.V. &Del.3d wk July
Denver A Rio Gr 1st wk Ana:
DesM.APt.Dodge.3d wk July
Det. Lans. & No.. July
DnbuqueAS.City.4th wk J’iy
Cin. A Bpringf.
Clev. Col.Cin.&

Eastern
June
EastTenn.V.AG .July
Flint A Pere Mar.4th wk J’ly

Gal.Har.&San A.lstwk July

Gr’t Western. Wk.end. Aug. 5
Gr’n Bay A Minn.3d wk July

HannibalASt. Jo.4th wk J’ly
Honst.E.AW.Tex.June
*..

™

—

176,225 2,375,409 2,360,904
231,637
223,746
7,027
97,764 3,230,306 1,536,782
151,810
180,951
8,397
739,104
661,706
92,699
19.40L
586,070
583,896

136.931
7,094
126.263
10.9 42

116,847
24.614
267,888
222,769
42,809
21.176
95,488
7,129
62,701

.239,883

IllinoisCen.
Do
(Iowa). July

Indiana Bl. AW.. 1st wk

Aug

OhioDiv.lst wk Aug
Ind. Dec. A So...July
Int. A Gt, North..July
Iowa Central
June
K. C. Ft. S.AGulf.3d wk June
Do

Lake Erie A West.4th wk J’ly
Louisv. A Nashv.lstwk Aug

wk J’ly
Memp. Pad. A No.3d wk July
Memp. A Chari...4th

20,199
98,431

13.813

1,210,452

1,360,866

66,013

73.377

1,971,876
3,469,663
907,436

44.660
1,688,512

17,333
42,908
113,254

690,661

3,487,491
940,637
700,122

260,741

212,201

830,806

1,314,536

73.531

738.576

17,595

26,268

504,429
573,323

658,243

15.596
41.596
178,200

G,055,405
661,264

4 099.018

127.372
300,689

107,142

3,731

6.319
13,065

561,130
221,685
323,165

502,153

441.305

131,009

July

72,842
5,374
587,732
136,363
26,981

168.158
28.222
21.394
45,582
196.062
89,918
25,776
41,778
189,100

Nashv. Ch.ASt.L.Juue
154,549
N.Y. L. Erie A W.May
1,776,891
N.Y. AN. Engl’d.May
215,271
N. Y. Pa. A Ohio. May
474,373
Norfolk A West... July.
161,940
Northern Central. June
487,287
Northern Pacific .July
404,180
ObioSouthem
IstwkAug
6,188

2,819,967

3,067,973

6.319

5,435
10.535
Mil.L. Sh.A West.1st wk Aug
Minn. A St. Louis. 1st wk July
24.480
tMo. Kans.ATex.July
667,061
Missouri Pacific .July
1,317,663
Mobile A Ohio

856,605

1,012,307

980,963

7,014,819

130,740

1,240,532
1,079,223
8,202,411
1,007,566

144.130

1,592,544

Oreg’nR. Nav.Co. July
406.500
Pad. AElizabetlit.3d wk July
10,364
June
Pennsylvania
3,807.437
Peoria Dec. AEv.4thwk J’ly
18,129

5,856,909
I,139,864
J,024,680

7,429.252
861,374
2,053,194
1,048,099
2,215,790

183,701
346,644 2,286,718
145,585 1,155,883
419,193 2,661,866
241,277 1,639,867

1,175,702
1,774,053
202,487

2,160.877
274,018

273,145
7,117
3,221,476 21,553,839 19,434,071
213,584
16,137
336,185

of business on Aug. 6.
Average amount of

Capital.

Banks.

Loans and
discounts.

8.641.000
5.470.900
U.290.8 H)
4.4 V 6.000
8,017.41)9
3.330.4130
1,754 s.400

1.200,000
3,000,000

1,000,000
1.000,000

City

1,000,000
000,000

Tradesmen's....
Fulton
Chemical
Jlerch’nts’ Exch
Gallatin Nation’!
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rt
Seventh Ward...
State of N. York
American Exch..
Commerce
Broadway
Mercantile

300,000
1,000,000
1,000,000
300,000
200,000
200,000
600.000
300.0(H)
800,000

Chatham

People’s

1,000,000

1,000,000
300.000

400,000

1,500,000
2,000,000

Park
Mech. Bkg. Ass’n

500,000

240,000
250,000

North River
Bast River
Fourth National.

3,200,000

12.550.201-

3.814.100

5.552.200

794.500

6.791.700

1,581.090

1.141.500

95.500
4.748.000

9.312.000
3,015.0)0
7.177.80G
16,988.800

1,352,090

300,000
750,000
500,000
1,000,000
300,000

Ninth National..
First National..
Third National..
N. Y. Nat. Exch..

Bowery National
N. York County..
Germ’n Americ’n

750,000
300,000

Chase National..

100,000

Germania
U. 8. Nat.

200,000

20 ),000

..

9.987.500
4,909.00 >

4,934,000

1,100
207,000

10.391.300

794,106

2.207.800
1.356.400

14.224.300

407,70#

3.811.100
3.033 30h
l .560.000
1,0 2.000
939.0OC
2.56 '.200

783.900

233,300
174.000

2,700
469,100

33,800

1.757.200
3.0:5.900

12.706,000
8.081.990
4.107.100
7.231.900
2.000.500
3.781.100
3.653.900

1.731.100
3.426.500
8.242.900

108.700
119.200
55.000
210.000
82.000
97.200
348.100

1.058,900
900.000

501,100
1,125,009
45,000
5,400
800,000

2,857,000
16,411,000

427,000
2,250,000

2.130.300
2.074.800
2.479.900
1.791.00C

450.000

264.000

3,900

450,000
450,000

3.481,000

4.600

3.024.000
8.971.300
1.807.700

763,200
45.000

58.100

4.444.000
27.774.200

524.200

22.704.20C

2.5oo
104.000

1.140.400

89.000
523.700

836.000

233,800

21.612.800

1,413.000 10.008.000

810.000
1,287,000

19.920.200

435.100

124.000
f

290.000
280.000
320.500
274.9,K)
87.500

315,009

431.000

26.300
93,400

1,087.900
45.000

850.400

45,000
584,609

3.515.000
7.698.200

7,812.000

270.009
225.000

1.206.000
1.451.700

180,000

1.700.700

4*3.200
225.900
99.800
184.900
206,20)

2.332.900
6.130.300
2.009,000
1.449.000

74.500

4.750.100

1,041.300

4.537.700

600,000

600.700
28,000
2 71.000
85.100
143.800

130.000
230.300
994.700
107.700
178.000
283.200

1.554.100
437.700

1.163.200

7.785,000

90,000

180.200
34.000
10.800
331.800

1.836.500
1.254.700

Fifth Avenue....
German Exch.

0.603,800

345.300

5.055-700
1.776.700

1.668.700
1.383.500
2.051.50 5,027,400

300,000

789.200

380.000
500.700

667.200
182.900
235.800
109.400

1.723.100

1.546.COO

250,000
200,000

495,000

77.200
83,900

530.000

7,012.300

t

9.075,000
5.984.900

476.000

424.200
680.100
799.400

2l.403.80C

2,000,000

Central Nat
Second Nation’l.

tion.

295,000
132.700

237,600
377.100
109.400
71.6iK)
1 i i.O.Kl
152.100
1O0.9OG

172.100
1.490,3JO
583.000
3,08 J,50C
8.302.200 1.018,600
519.800
3,032,0(;i>
17.399.000 4,529.000
269.900
2.112.600
315.100
2.925.000
320.500
3.0 8.000
443.500
2.122,300
682,000
3.5 '4,000
291,000
4,373.100
8.125.70C 2.111.900
28.800
2.035.400
991,000
3.669.000
22.892,900 7.470,300
19.409,000 4.528.100
247.800
1,031.200
22.300
1.017,200

500,000
500,000

Importers’ & Tr..

709.700
2,710.01)0

3.335.700

500,000

Marine

3.137.800
1.061,400
3.765.700
I5.386.'i0(>

2.456.200
5.827.10C

1,000,000

St. Nicholas
Shoe & Leather.
Corn Exchange.
Continental
Oriental

357.100

297.800
147.00U
40.5D0
595.200
269.000

500,000
3,000.000
600,000

Nassau
Market

3.693.200
509.300

1.741.500
1.032.0'X)

1,000,000

...

870.000

4.138.700
741.700
964.900

1,500,000
450,(XX)
20> 1,000
700,000

Republic

788.300

2.318.200

090.900

Circula¬

*

2.3)0.000
786.100
917,360
1,597,000

12,915.500
4,012.300
4.004 700

5,000,000
5,000,000
1,000,000
1,000,000
422,700

Pacific

Irving
Metropolitan
Citizens’

7 800.S'>0
7.S0S.IKK!

2,000,000

Tenders.

$

0.776,000

Net dept's
other
than U. S.

Legal

Specie.

*

f

2,000.000
2,050,000
2,000.000

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

North America.
Hanover

195,556
36,704

wk J’ly
66,568
fill.).July
548,936

Houst. A Texas C.4th

ending at the commencement

week

obtained. The columns under the heading
date” furnish the gross earnings from Jan. 1
to and including, the period mentioned in the second column:
/—Latest earnings reported—«.
Jan. 1 to latest date
Mr *
18SO.
Week or Mo. 1881.
1881.
18S0.
#57.032 $47,525 $402,004 $303,401
AiaGt Southern.July
Atch Top.AS.Fe.June
1,180,000 747,012
..
Boat & N.Y.Air-L.June*
24,422 22,147
133,813 132,092
Bur CKai».&No..4thwk J’ly
52,013 47,111 1,171,384 1.125,780
Cairo A St. Louis.3d wk July
7,950
9,103 227.122 204,208
& Ohio
Chicago & Alton

the
the

ing statement shows
New York City Banks.—The following
condition of the Associated Banks of New York City for

returns can be
“Jan. 1 to latest

„

175

CHRONICLE.

THE

1881.]

13,

91,800

1.453.3)0

450.000

70.510,900 16.060.090 347,342,700 19.360,609
of previous week are as follows:
41,430.400 j Net deposits....
Dec. 14,435309

61.162,703 ?50,631,800

Total

The deviations from returns
Loans and

Inc

discounts

Legal tenders

The

.

following are the totals for a

1881.

Loans.

Specie.

«

*

L. Tenders.

147,700

Ino.

Deo. 4.532,500 | Circulation
Dec.
871,800 1

Specie

series of weeks past:

Deposits. Circulation. Aw. Clear*
ft
*

*

July 23....349,210,500 81,491,400 10.752,000 352,658,800 19,185,300 934.014,125
81,043,400 10.931.800 351,777.900 19,212,900 932,788.32*
331,024 1,723,027 1,774,798 Aug. 30....349,188,400
0....35O.e24.800 70.510.900 16,060,000 317,342,700 19,300.000 847.03r,*l*
1,398.536
767,699
835.953
Boston Banks.—The following are the totals of the Boston,
50,879
362,845
413,444
Do
(’orehs).4th wk J’ly
13.390
16,816 4,020,629
banks
for a series of weeks past:
3,163,875
Aw- Clear
Bt.L.IronMt.A S.lst wk Aug 167,900
112,734
Loans.
Specie. L. Tenders. Deposits.* Circulation.
*

Philadel. A Erie..June
350,585
Phila. A Reading. June
1,707,295
St.L.Alt.AT.H. ..4thwk J’ly
44,186

63,400
Bt.L. A San■
Fran. 1st wk Aug
St.P.Minn.&Man.lst wk Aug 101,000
9,752
Scioto Valley.....1 at wk Aug
South Carolina. ..May
66,195
Southern Pacific.May
503,000
Texas A Pacific .3d wk July
83,306
Tol. Deh>- A Burl. July
47,350
Union Pacific ....July
2,528,826
Wab. St.L. A Pac.lst wk Aug 322,481
“

62.000

6,976
58,113

*

t

per-cent basis in 1881;
Including leased lines.
5

513,624

2,015,300
1,898,642

445,958

52,518

.

1,384,444

1,777,406
2,436,768
213,131

53,509

‘

“

1,772,099
176,197
457,166
1,811,707

•*

“

•

1.294,331

1,934,215 14,057,408 12,385.359
261,394 7.681,498 6,637,271

6 per cent in 1880.

$
*
*
*
163.745.500 10,345,300
3,704,200 114,558,900
3,797,700 113,853,900
104,204,800 10,688,000
8.258,700 114.454,400
8.. 105,305,500 10,192,400
Including the item “ due to other banks.”

1881.

31,220,100
31,370,600
31,491,950

July 25..
Aug. 1..

Philadelphia Banks.—The totals
are as

follows:
Loans.

L. Tenders.

1881.

*

$

July 25
Aug. 1

77.746.5">4
78,297,^82

“

22.604,004
22.860,929
22,498,600

78.000,940

8

83.534,377*

78,930,459
80,802,054

of the Philadelphia banks

Deposits.

*

Circulation. Aw- Clear.

74.610.055
70,003.800

74,610,257

•

*

49.338 809
40.443,957
51.840.75®

10.325.587
10,370.894

10.502.083

Exchange.—Quotations for foreign exchange are as follows,
Unlisted Stocks and Bonds.—The following are the re¬
the outside prices being the posted rates of leading bankers:
ported quotations for securities that are not “ listed” at tha
Prime bankers’ sterling
Prime commercial

*

Sixty Days.

August 12.
bills on London.

Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reiclimarks)

4 84%®4 85

4 82
4 8034^4 81 13
4 80l4®4 80%
5 25
@5 22 *3

3334®
94 7t

Demand.

4

82A2'g)4 83*2

4 82kS)4 82%
5 2178®5 20
40 @ 40 M

40

9434

OlCsfz)

OP-4

U. S. Sub-Treasury.—The following table shows the
and payments at the Sub-Treasnry in this
as
balances in the same, for each day of the past week:

receipts

well as the

city,

Balances.

Payments.

Receipts.

Currency.

Coin.

Stock

Exchange:

Atl. A Gfc. W. cora.stk
Am. Cable Constr. Co.

Bid. Asked.
-57

53

125
Railway Imp. Co. 110
Alabama Central
126’ ‘
Am. Sp. Teleph’nc Co..
i7a
Boat. II. A 13., new at’k
1 s*
1
Do
old stock....
ks
31
Brooklyn Eleyated.... 20
23
Boston Air Lino, com. 23
Continental Conatr.Co. 00
Central Railway Con¬
structs Co. (D.L.W.) 32j2 ’35
14
12 ~
California Pacific
*28
Cin. A Georgia subs... 26
100
Deuv. A R.G.subs,new
*2112
subs., old...
Do
19
Des Mo. A Ft. Dodge.. 15
39
35
Do
pref
1000
Edison Electric L. Co.900

Am.

....

Aug.
“

“
“
“
“

$
6... tl,471,953 58
8... *1,468,244 42
9... *1.547,956 78
10... *2,737,016 97

11... *1,456,793 91
12... *1,452,267

52

$

764,628 29
804,S75 57

800,983 46
669,930 45
703,621 62
699,872 01

$
78,260.958
79,110,830
79,763,143
81,837,069
82.608,581

50

77
86

66
15

83,507,520 95

10,134,263 18 4,443,911 40
Includes $100,000 gold coin received from S iu
t Includes $600,000 received from Washington.

$
5,191,030 90
5.024,477 48
5,119,187 71
5,082,378 43
5,064,036 23
4,917,494 94

Francisco Mint.

..

Dimes A *2 dimes.




—

99par

Five francs'.
Mexican dollars..
Do uncommerc’l.

English silver
Pros. silv.

....

thalers.

U. S. trade dollars
U. S. silver dollars

various
coins:
99 %®
par.
92

—

—

4 72
—

—
—

®

—

91

88— 89*4
88
86 ct>
68

-2)

@

99%a>
997sa>

4 80
69

—

-

995s
par.

....

....

International Imp. Co. 16
Iron Steamboat Co—
85
1st mort
Do.
Kan. A Nob. 1st mort.. 84
35
Do.
2d mort
Keely Motor stock
,

.

Lebanon

Springs lsts.

Lehigh A Wilkesbarre.
Mid.RR.of N.J.ass.stk.
Do.
Do.

A stock
B stock

Mexican National sub *

125

17Lj
23
0

1%
1H

.

Coins.—The following are quotations in gold for
Sovereigns
.$-4 82%©$4 86*2 Silver *43 and ^33.
3 82 © 3 86
Nanoleons
XX Reiclimarks. 4 72 'a) 4 76
XGuilders.
3 92 @ 3 97
Span’h Doubloons. 15 55 ^ 15 75
Mex. Doubloons.. 15 45 '2)15 55
Fine silver bars
1 11 %® 1 12 ^2
Fine gold bars
w *4
^ L
pre-in.
par @

Edison Ill
Edison Ore Mill stock. 100
Gr. Bav A Minn. st’k.. 16 \t
Grand Rapids A Iml.. 18
1, C. -A L, assented st’k
old Stock ...
Do

Total
*

....

.

.

87^3
.

,

.

,

....

....

,

Missouri Pacific rights
N. J. Southern
N.Y. Loan A Imp. Co..
N. O. Pacific subs
North River Const Co.

1^
1
80
35
20

37
Do.
pref. stock.
5
N. Y. Ch. A St. L. subs. 21
Oregon Imp. Co. 1st M. 08%
Oregon Imp.Co. stock. 99
Nowburg D. A C. incs.

18

13'i-j
to

321*
97
^

-

mm-

70

’is*
2
85

38i*

20»*
39
12
*23

99i*
100
82

Oregon Trauscontiuo’l ....
2%
Oregon S. L. subs
258
Ohio Central subs
*235
Pacific R’y Imp. Co...200
t3*
Richmond A All eg. sub
l15*
7a
Roch’r A Pitts’g ng’ts.
48%,
So. CarolinaRR. stock
124
2d mort
Do
123
70
Do
non-mort..
Selma Rome AI). 1st M
2d M. stamp 4*2
Do
Do
2d M., clean
3*2
.

1*2
20
87*a
40
39Ja
8
7
261-3
Tcxas.St.Louis UR.sub 85
38
37 L3 U. S. Electric Light Co. 175

....

....

.

*20
to

.

....

.

*>••••

Bid. Asked.
72

Moxioan Nat. bonds... 61)
Do.
stock
30
Mut. Union Tel. auba.. 06
20
Do stock
M. K. A T. scrip

Do
incomes....
St. Jo. A West, stock..
St. Jo. A Pacific 1st M.
Do
2d mort
Scranton Construction

Union Pacific

rights

Vieksb. Mer’n com st’k 14
Premium.
t Disoount.

78
•

•

••

5
4

2%,
25
91
45
*13
95

176

rLHE CHRONICLE.

%nvzstmmts
AND

STATE, CITY AND CORPORATION FINANCES.
The Investors’ Supplement contains

complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the last
Saturday of every other month—viz., February, April, June,
August, October and December, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.

GENERAL

a

INVESTMENT NEWS.

[Vol. XXXIII.

Southern Extension, 70 miles ; Laclede & Creve Coeur
Lake, 13
miles; Jetferson Citv Lebanon & Southwestern, -40 miles ; and
Atchison Colorado & Pacific, 50 miles. The Treasurer’s
iist
shows assets in stock, bonds and cash owned
by the Missouri
Pacific Railway Company, August 1, 1881, about
equal to the
amount of the capital stock issued.
The list is as follows :
St Louis Tron Mountain Sz Southern stock
Texas & Pacific stock
Waterloo A Carondelet Ferry stock

$21,789,300

(j'gOO.OOO
99,800

•

St. Louis Barge Company stock
Other stacks
Bonds of sundry branch roads
Cash

loo’ooo
170,000
330,000
942,000

Total

$29,431,100

“

The Waterloo & Carondelet Ferry alone
brings
revenue of about $40,000, -all the stock
except two
owned by the Missouri Pacific Railway

in an annual
shares being
Company.”

Following is

a comparative statement of the total earnings
current year to July 31, compared with those for the
corresponding period last year:

for the

Central Extension Railroad (L. I.)—This road was sold
a decree of foreclosure in Long Island
City, N. Y., last

under

week, and bought by B. S. Henning, Vice-President of the Long
Island Railroad Company. The sale included 8/6 miles of road
from Bethpage Junction, N. Y., to Babylon.

Framingham & Lowell.—An execution having been issued

in favor of the Boston Clinton & Fitchburg & New Bedford
Railroad Corporation, all of the property of the Framingham
& Lowell Railroad Company will be sold under this execution

at

public auction, at Marlboro’, early in September. This sale

is in conformity with the scheme to reorganize the corporation,
and for which the legislation secured last spring provides. It
is not at all likely that there will be any interference with the

plans under consideration, as the road is to be sold subject to
the Old Colony’s lease for 999 years. A decision respecting this
lease has recently been given by the Superior Court. It was
claimed that a lease given for *999 years was the same as an
actual sale, and therefore illegal. The Court decided, however,
that

years

lease of a railroad, could be made for any number of
the parties in interest might determine upon.—Boston

a

Advertiser.

Louisville New Albany & Chicago.—The consolidation of

this company

1881.

Freight
Passengers—Local
I)o.
Foreign
Mails

1«80.

$.>,164,087

Increase.

$4,238,520

974,854

$925,566

735,674
540,493
156,808

239,180
*72,203
24,965

$1,157,910

468,289

Express freight

183,708
115.078

Miscellaneous

108.799

90,112
95,299

$7,011,818

$5,856,908

;...

Totals
*

'

26 900

13,500

Decrease.

Mobile & Ohio.—The following
the year ending June 30, 1881 :

is the general statement for

Gioss earnings
Gross expenses

$2,377,817 04
1,562,486 16

Net earnings for 1880
Add balance from 1879-80

'

j

$815,330 88
15,465 81

Less interest on $7,000,000 1st mortgage at 6 per cent,
due and paid December 1, 1880 ($210,000) and June
1,
1881 ($210,000)
:
Balance of earnings applicable to the payment of inter¬
est on the preferred income and sinking fund deben¬
tures

$830,796 69
420,000 00

$410,796 69

The board of directors have directed the payment of interest
at the rate of 7 per cent upon the first preferred income and

with the Chicago & Indianapolis Air Line Railway
Company has been perfected, by the terms of which the capital sinking fund debentures, payable to the
registered holders
stock of the new company is fixed at $5,000,000, of which the

stockholders of this company are entitled to receive $3,450,000,

being an increase cf fifteen per cent (15), in order to equalize
the values of the respective companies. Notice is given that the
transfer books of this company will be closed at the close of
business on August 31 inst., and stockholders of record of that
date will receive certificates of stock of the new company, with
the 15 per cent increase, upon surrender of their old certificates.

thereof, 3%

per

cent

on

the 1st day of September, 1881, the

transfer books to close on the 20th day of August, and 3^6 per
cent on the 1st day of February next, the transfer books to
close on the 21st day of January. And at the rate of 2 per
,

cent upon

the second preferred income and sinking fund deben¬
tures, payable to the registered holders thereof, on the first day
of February next, the transfer books to close on the 21st
day
of

January.
The amount thus appropriated to payment of interest—
Kingston,
Aug. 11, Judge Westbrook granted another adjournment of $371,000 upon the first preferred debentures and $37,000 upon
the suit of the New York Elevated Company to recover its the second preferred debentures—is in conformity with the re¬
property from the Manhattan, on account of the default of the organization trust agreement and the deed of. trust dated
latter company. The Attorney-General, although it is not his May 1, 1879 ; the balance remaining will be carried to credit of
action, asked the adjournment, and the counsel for the Metro- the earnings for the year 1881-82.
Manhattan Elevated—New York Elevated.—At

Solitan
few York
and Company
the Manhattan
alsoiturged
it. The counsel
the
opposed
with apparently
reason,
good for
but Judge Westbrook granted an
Chambers in New York city.

adjournment to Sept. 14, at

Memphis City Debt. —Notice is published to the creditors of
Memphis, Tenn., that in pursuance of “ An act to provide for
the settlement of the indebtedness of the extinct municipality
city of Memphis, approved April 6,1881, the liquidating board
are empowered and will fund at
any time before the first day
of December, 1882, the debt of said extinct corporation with
thirty-year liquidating bonds, at the rate of thirty-three and
one-third cents on a dollar, and the Flippen compromise bonds
at sixty-six cents on a dollar, with interest at three
per cent per
for five years, and at the rate of 6 per cent
per annum
thereafter, to be paid out of the special tax levied by said act.”
Copies of said act can be had by addressing W. J. Smith, Secre¬
tary, No. 12 Madison Street, Memphis, Tenn.
annum

Memphis Paducah & Northern.—The Courier-Journal
says :
“ The Memphis Paducah & Northern Railroad was,
under foreclosure decrees, sold on the 30th of July,
ult., in New
York to Mr. C. P. Huntington and associates, and the sale was
confirmed by the United States Courts at Louisville and Mem¬

phis.

The New York organization to complete and operate the

road will be formed within a few days, and will be known as
the Chesapeake Ohio & Southwestern Railroad Company, which

company will

immediately buy the Paducah & Elizabethtown
Road, and as fast as can be done, the gap between Covington and
Trimball, Tenn., will be completed and the connection between
Elizabethtown and Lexington, Ky., so as to place the Chesa¬
peake & Ohio, with its Lexington & Big Sandy line, in connec¬
tion with this Chesapeake Ohio & Southwestern Road. The
work on these gaps will be undertaken at once and
vigorously
prosecuted to completion.” * * * “ Mr. C. P. Huntington, of
the Chesapeake & Ohio and Central Pacific roads- will be the
President of this

new

company.

Missouri Pacific.—The New York World reports: “The
Missouri Pacific Railway Company has under construction
various branches and extensions, which will add about 175 miles
to the system and connect it with fine mineral and
grain-growing
regions.
The roads under construction are : Lexington &




Nashville Chattanooga & St. Louis.—Conferences were held
recently in New York between President Baldwin, of the Louis¬
ville & Nashville Railroad Company, President Porter, of the
Nashville & Chattanooga Railroad Company, and certain per¬
sons representing the minority stockholders of the last-named
company, at which a settlement of the difficulties pending for
over a year between the three interests represented was
reached.
The Times reports that ex-G-overnor Porter made a statement
regarding the condition of the Nashville & Chattanooga road,
in the course of which he said it was earning over 8 per cent,
but that in consequence of expenditures made and contemplated
for large improvements in the road and rolling stock, rendered
necessary to meet the increasing business of the line, the
did not deem it prudent at present to declare a dividend of
more than 3 per cent
semi-annually. There has lately been
opened several new coal mines on the line of the road, and five
new blast furnaces had been
lately established. From these new
industrial enterprises alone, the railroad, he thought, would
have $500,000 a year added to its receipts for transportation.
As a result of the conference, it was agreed that the minority
stockholders of the Nashville & Chattanooga Railroad should
have a representation of three members in the directory of the
company, Mr. Earle to be one and Colonel Collyer, of Nash¬
ville, the second. No choice of the third member has been
made or decided on. Colonel Collyer is one of the attorneys of
the road. In view of this recognition it was agreed by the
representatives of the minority stockholders that the suit begun
by them against the Louisville & Nashville Company should be
discontinued. In that suit the plaintiffs sought to compel the
company to declare a dividend on their stock. Under the new
arrangement the 3 per cent semi-annual dividend will be de¬
clared in ten days, payable in October next.
When the Louis¬
ville & Nashville managers formed their trunk line coalition,
about a year and a half ago, they purchased a controlling
interest in the stock of the Nashville & Chattanooga Road and
held it.

New York Chicago & St. Louis.—This company has bought
the Rocky River Road, 5/6 miles long, running into Cleveland,
O. Articles of incorporation of this company in Illinois have
been filed. The company is to build the branch line to St.
Louis. Its capital stock is to be $4,000,000.

THE

13, 1881. J

August

177

CHKOMlI
on

Oregonian.—This road was to be turned over to the Oreg(
Company
on August 1.
da
company uu
i. At
ai that
iuuu uate

interest in excess of 3 per cent shall not he cumula¬
paid only from current net revenues of the company
othorwise'awplicable to dividends.
Both clasps of bonds to be issued with coupons payable half-yearly,
to be subject to registry at the option of the holder, and to be secured
upon all the property of the company.
They are to be payable seventyfive years, from date; are to have the additional security of a
sinking fund equal to one quarter of 1 per ceut per annum on outstand¬
ing bonds, which amount from and after January, 1885, is to be paid to

derstood that the
tive, but is-lto be

ailwav & Navigation
.Navigation
■Railway
there were 115 miles

in operation, from Ray’s Landing on the
Brownsville, Oregon, 70 miles ; from Dayton to
cumulative
Sheridan, 25 miles; and frcm Sheridan Junction to Monmouth,
20 miles., On the last-named line an extension from Dallas to
of the mortgage.
Monmouth, 8 miles, has just been finished. Work is nearly the trustees
is proposed to dispose of enough of the 4*2 per cents at par to retire
done on the extension from Dayton to Fulquartz Landing, 6 the general mortgage and the income mortgage, the general mortgage
miles; from Sheridan to Willamina, 4 miles; and from Mon¬ scrip, the Receivers’ indebtedness and the floating indebtedness of both
mouth to Ayrlie, 11 miles. The extension from Ray’s Landing companies secured by collaterals, and also for such reduction of the
and improved and underlying mortgages as can he made
to Portland, 28 miles, is to be finished this year. *The Oregon jI consolidated
under their several sinking funds. They will also be used in exchange
to provide for the purchase of such prior liens on leased or other
Railway & Navigation Company is to pay the Oregonian Com¬ for
ci ties as it shall be for theiiiftcrest of the company to take up. The
pany a fixed rental of $140,000 a year, or about $850 per mile,
per cent bonds are to he used in exchange for debenture and convertible
when the lines are finished.— Railroad Gazette.
loans, and for the outstanding scrip issued for accretions of interest
them ; to secure a reduction of indebtedness of leased properties,
Philadelphia & Reading.—The financial scheme proposed uponfor
such other debts as can be satisfied with that class of security.
and
by Mr. Bond, President of this company, was submitted to the
the various issues of bonds have different market values, it is pro¬
board of managers on Wednesday, the 10th inst. A statement of posed in such exchanges to equalize these valuations when necessary,
the debt of the railroad and the coal and iron companies, by placing one or more shares of the capital stock at par with a 3 per
at
discount, each creditor to receive at least the face value
including the capitalization of leased properties, shows the total of hisbond
debt iu 3 per cent bonds. The debenture, convertible, guaran¬
of principal to be $10(5,8(51,170, and the annual charges for teed, and other obligations so received fh exchange, will, of course, bo
interest and rentals, $11,265,666. President Bond says : “ It held by the trustees of the new mortgage as additional security, to pro¬
bonds, until all contemplated exchanges shall have been
is difficult to determine with accuracy the revenue-producing tect the
made and the liens satisfied of record.
This will fully protect the
capacity of the various properties, but an examination of the rights of all parties making the exchange, without impairing their
recorded workings of the properties of both companies for the present legal status as creditors of the corporation.
There
five distinctive features in this plan that would seem to
last five years will perhaps furnish data upon which to base an
it to the creditors of the company :
estimate of probable revenue for the current year, and per¬ commend
Firet—The increase of capital stock is, in its effect, a relinquishment
haps for years to come.
by shareholders for the benefit of creditors of a proportionate interest
“The records show that the properties of the railroad company,
the property, and as these shares shall become distributed, the credi¬
will, to such extent, have an interest in the appreciation in value
during five years ending with 1880, produced an average net
of the properties of the company, and in any iucrease of its revenues.
income of $7,003,885 per annum.
For the year 1880 the net Second—Each creditor will receive the face value of his at present
income reported, deducting proportion of losses and expendi¬ unsecured debt, that is now liable to be scaled or wiped out entirely in
of
foreclosure of prior lft-ns, in a new bond that is less likely to be
tures for .equipment, was $7,930,126.
They show that in work¬
in case of the maturity of older issues, or from a foreclosure of
ing the Coal and Iron Company’s properties there was an injured
prior mortgages, the new bond to draw at least 3 per cent interest per
average loss of $474,490 each year during the same five years,
which is alLtlie company can pajr at the present time and per¬
while for the year I860 they show a net profit of $487,883. In haps for two or three years to come. Meanwhile, if the net revenues
these figures, of course, all fixed charges for interest, sinking shall increase, so that dividends can he paid on the share capital, he will
participate in sueli dividends on any stock he shall acquire under the
funds and rentals are excluded.”
adjustment, and will also receive from the net revenues of the company,
The statement of the Comptroller in evidence before the otherwise applicable to dividends, 3 per cent per annum of additional
bis holdings of 3 per cent bonds, as provided under the
Master shows the result of business of both companies as interest
adjustment plan—1 *2 per cent before any dividend is paid on the share
follows:
capital, and 1 *2 per cent after a dividend of 3 per cent shall he paid on

Willamette to

It

or

pro;
3

As

a

cent

new

are

iu

tors

a

case

annum,

on

For 1876,
For 1877,
For 1878,

deficit of....
deficit of
deficit of....

$2,839,^81 I For 1879, deficit of....
1,939.307 | For 1880, deficit of
2,672,181
Total....

$2,817,858
1,209,986

$11,479,216

to be cumulative.
mortgage, for the
securities under the pro¬

of the company—this additional interest not
Third—The plan vests with the trustee of the new
benefit of all parties making an exchange of

the stock

present security of tlicir old obliga¬
securities iu possession of the trustees,
the lieu of each class of iudebtedness,
five
necessary, to protect the trust.
Fourth—The payment of obligations, described in class C, will vest
and
at once in the trustee the liens of the general mortgage and of the in¬
the
come mortgage, and will also in addition place them in actual posses¬
ness for the past year are summed up as follows:
sion of more than $32,500,000, par value, of stocks and bonds now
GROSS RECEIPTS REPORTED.
pledged as collateral fqr tne floating indebtedness—a security more than
Philadelphia & Reading Railivad Co
$18,520,403 ample to protect the new 4*2 per cent bonds required to be issued under
Philadelphia & Reading Coal & Iron Co
13,656,600 the new mortgage.
Fifth—The covering of the several properties of both corporations, as
Total receipts
$32,177,003 is proposed, by a single mortgage, will effectually and permanently
bind them together, and so avoid for the future all dangers from disin¬
OPERATING EXPENSES REPORTED.
tegration. It will secure a more harmonious working of the properties,
Philadelphia & Reading Railroad Company.. $10,147,148
and will render possible a much more rigid system of economies in
Philadelphia & Reading Coal and Iron Co
13,168,717—
administration than would he possible otherwise. In fact, it will per¬
Total expenses
$23,315,865 manently
unite all the properties under a single management, and

$2,295,s’43 per annum each year during
years; or, adding for transfers to profit and loss account
for equipment expenditures, as before stated, will make
average yearly deficit $2,738,972. The results of the busi¬

—or an

average

loss of

Balance

deduct one-fifth of $1,506,742,
sundry ledger balances transferred to profit

$8,861,137

-

From which

and loss account during five years
One-fifth of $708,903, expenditures
new
no

engines and cars

additions were

charged
th

during five years that

made to equipment

$301,348
141,780—

interest on all classes
as indebtedness
herein shown, will

443,129

$8,418,008

11,265,666
Which would leave as a deficit on the year’s business... $2,847,657
Accepting as a reasonable estimate for the current and for future
years a minimum net revenue of $8,418,008, which is shown to have
been made last year, as I think beyond all question, it is proposed to
reduce the fixed charges by a reduction of interest, rentals and of sink¬
ing fund requirements, so as to bring them within what is believed to be
the revenue-producing capacity of the company. After a careful ex¬
amination, made with a committee of the board, it is thought that these
fixed charges can he reduced so as to bring them within $8,339,000.
This will leave
small balance, less than $100,000, as a margin of
safety. It is believed that reductions to this extent will be accepted by
creditors
the
readjustment plan.”
amount to

“

a

The

a

proposed

plan proposed is as

about one-third,
placed in the treasury for use at par in
liquidating indebtedness of the company. This is practically an equita¬
ble reduction of the shareholders’ interest in the property by an indirect
assessment equal to $12 50 per share.
It bears, of course, upon all
alike, and the additional shares will be used in the payment of debts
under the readjustment plan.
Second—It is proposed to create a general consolidated mortgage cov¬
ering all the nroperty of the railroad and of the coal and iron companies,
and upon the'interest of both companies in all other corporations and
properties, whether owned, or controlled by lease or otherwise. As the
general mortgage and the income mortgage are both subject to redemp¬
tion at the option of the company, this mortgage wTill be junior to the con¬
solidated mortgage and to the improvement mortgage only ; but it will
contain
provision by which, as bonds under these senior mortgages
shall he retired, additional bonds may be issued under the new mort¬
gage, so that eventually it will become a first lien upon all the proper¬
ties of both companies.
The bonds to be issued under this mortgage are to be of two classes:
Class A—Will carry 4^ per cent interest per annum, and will have a
over the others
Class B—To carry 3 per

for this interest.
cent interest per annum.

holders of the 3 per cent bonds shall
dividends, 1*2 per cent
paid on the stock of the
be paid on the capital stock
additional to be paid to the 3 per
to 6 per cent—it being un¬
interest

The mortgage will provide that
receive from current net revenues applicable to
additional interest before any dividend shall be
company. That after that 3 per cent may
of the company. Then 1 *2 per cent
cent bondholders, bringing their
up




The

their being worked in a common interest.
foregoing plan for a financial readjustment

of the Philadelphia &

and the Philadelphia & Reading Coal and
Iron Company is submitted to the shareholders and creditors in interest,
with a full belief in its entire practicability, and as best adapted to
Railroad Company

both companies from
sound financial basis.

relieve
on a

present embarrassment,

and to place them

BALANCE SHEET.

The following is the joint balance
Philadelphia & Reading Railroad
Reading Coal & Iron Company, and
Dr.

Coal & Iron Co.—Mines, furnaces,
Coal, timber and iron ore lands
Cost of

sheet, May 31,1881, of the

Company, Philadelphia &
Receivers:
Total.

\

Construction—
Railroad Company

&c

stocks and bonds bought
and iron properties

to con¬

trol coal

Equipment, Railroad

Company

Real estate—Railroad Company
Coal & Iron Company

colliers and barges
Property accounts, Railroad

Steam

Stocks and'
Stocks and

stock of the company

a

prior lien

secure

follows:

First—To increase the capital
say $13,000,000 of stock to be

readjustment plan, all the

tions, as it will place the original
whose duty it will be to preserve
and to take prompt action, when

Reading

Will leave as net results for 1830
The total amount of fixed charges for
of indebtedness and for sinking funds,
now stands, for the year 1881, as

under

posed

property

bonds not paying dividends
but will probably work out
Due by leased lines in stocks and bonds...
Mortgages and ground rents
Sundry railroad loans
Phila. & Reading RR. Co.—Stock...
General mortgage bonds
Income bonds, 1876-96

.

Debenture

1873-93

guarantee scrip

Cash—Railroad Company

Company
Bills receivable and good accounts—RR. Co.
Coal & Iron Company
Mortgage loans, Co:*i& Iron Company....
Coal on hand
Iron ore on hand
Supplies on hand—Railroad Company
Coal & Iron Company
Coal & Iron

Profit and loss—Railroad Company
Coal & Iron Company....
Total

-

6,221,094—$92,183,230
7,978,773
1,345,511—

9,324,285
3,038,324

3,253,201

other

Stocks and

Convertible bonds,
Fractional scrip

$31,123,518
12,648,629
42,189,987
10,389,508

.

Co.—

bonds paying dividends
bonds bought to protect

Amount.

3,661,775

1,309,326
233.406

103i301

1,735,790

53,832
418,996
65,786
3.855

1,878
2,285— 10,843,435
754,995
84,211—

839,207

1,588,700

1,313,906

91,654—
465,258

3,9381,117,982

303,560-

3,027,261
469,196

1,421,543

6,338,739
9,087,291— 15,426,030

$146,962,023

178

THE CHRONICLE.
Cr.

Amount.

Capital stork—Railroad Company, common.
Railroad Company, preferred
Bonded debt prior to improvement and gene¬
ra! mortgages
6 per et. gold $ or £ imp. mort.. 1873-97, cp.
6 per ct. gold $ or £ gen. M.. 1874-1908, cp..
7 per cent income mortgage, 1870-1890
Debenture loans

«Jyer cent debenture guar, fierip. $3,307,405
6 per cent deb. guar, frac’l scrip.
3,104
6 per ct gen. M gold $ or £ scrip 1,748,100
C per ct. Pcrkiomen mort. scrip..
100,390—
6 p.c. Schuj'. Nav. Co., mat. 1895 $1,200,000
© p.c. Scliuy. Nav. Co., mat. 1913
750,050
© p.c. Sc buy. Nav. Co., mat. 1915
r 021,000—
Bust Pennsylvania Railroad bonds, due ’88.
Bonds and mortgages on real estate
Purch.-money M. bds C. it I Co.$12,479,000
Bonds and niorts. on real estate.
704,300
Bocustdale Coal Co. In., due ’86.
Debent bds.,’86, Coal & I. Co..

Fixed charges.

$32,726,375
1,551,800
24,192,100
9,364,000
19,686,000
2,451,000
11,801,600

$1 ,586,366
561,810

,181,160
171,730

198,4 14
190

104,886

5,159,550

6,053
72,000
45,399
37,296
34,713

2,578,250
495,900
1,898,176
•

113.890
870.830

47,207
10,920

150,000

1,728,000— 15,067,300

120,960

Floating debt—Railroad Co
$12,493,014
Coal & 1 ron Company
2,526,512— 15,020,127
Sink, funds (Sohuyl. N.Co.et, al).
$128,930

901,2*0*8

....

lusnr. fds. (RK. and C.&I.Co.’s)
Instalments deferred me. bds..
Rentals and int.on bonded debt
aoci'M to June 1. ’81, RR. Co.
Iut. on bonded debt, C. & I. Co.

449,619
276,568
3.650.748

160,935-

Total

4,996,829

$146,962,923

Capitalized cost of leased properties

Bonds of roads and canals, interest paym’ts,
being nart of rental—

Schuylkill Navigation Company
Susquehanna Canal Company
Catawissa Railroad Company

B’ds ami raorts. on real estates of l’sed lines
Bonds of leased roads and C. & I. Co.’s guar.
Estimated sinking fund for 18S1.

33,268,139

2,155,052

9,995,657
5,101,056
6,161,850

472,974
243,488
365,235
30,000
88,453
961,000

529,195

5,981,400

Sundry commissions, <fcc

71,000

Total

$207,999,321

$11,265,666

Quicksilver Mining Company.—At

|Tol. XXXIU. ii

Division after the interest on the first mortgage of $25,000
per
mile has been provided for. Iu case the earnings of the
road
are not sufficient to pay this 7 per cent interest on
the

land
grant bonds, then the terms of the mortgage permit the com¬
pany to issue in lieu thereof scrip, which is receivable in
pay¬
ment for lands or convertible into the capital stock of the
com¬
pany, at the option of the holder.
A sinking fund to retire the
bonds is also provided for out of the net receipts from sales
of
lands, which cannot be used to pay interest on the bonds.
[The railroad land grants in Texas are not usually located on
the lines of the several roads owning the
grants. The Texas &
Pacific had a reserved right to locate its lands on the line of
road as fast as completed, but this right is, we believe, held to
be subject to the rights of other parties who have located
prior to the completion of the road.—Eds. Chronicle.]
Trunk Line Conference.—There

were

thirty-five roads,

of the forty-three which comprise the joint
tee of the trunk lines and their connections,

out

executive commit¬
represented at the
meeting of the committee, which was held in this city, pursu¬
ant to Commissioner Fink’s call issued last week.
The New
York Central, the Lake Shore & Michigan Southern,
the Boston
& Albany and the Grand Trunk of Canada were not
repre¬
sented, either directly or by proxy. The only Vanderbilt road
which was directly represented was the Michigan Central, its
general manager, If. B. Ledyard, being present. Mr. Ledyard
also appeared by proxy for the Canada Southern. The
only
action taken by the meeting was the adoption of a resolution
for the restoration and the maintenance of east-bound
freight
rates on the Chicago basis of 20 cents per 100
pounds on grain
to New York, and 25 cents on provisions.

Mr. Fink, in general remarks on the

pooling agreement, said
disruption of

of the late events that have led to the
present

rates, that they had convinced him that, even with perfect
on the part of all parties, it was impracticable to main¬
tain the establishd tariff under the present method of
soliciting

honesty

a meeting of the board competitive business.
One reason was to be found in the
following resolution was present co-operative line organizations, which were established
with the special view of securing to each
company the largest
courts in the litigations against this
amount of tonnage, the resulting net
revenue being left out of
preferred stock is valid, and that the

of

director?, held August 4, the
adopted:

“Whereas, The decisions of the
company are to the effect that the
holders thereof are entitled, from the net
earnings of the company now
on hand, to
a dividend of seven per cent, and that the dividend
from the surplus of such earnings is to be declared
pro rata between
the preferred and common stockholders;
“
And whereas, The holders of more than five-sixths of the
preferred
stock have authorized the directors of this
company to settle the said
litigations and the subject matters thereof upon such terms and in such
manner as this board in their discretion
may deem advisable, now
therefore, this board, in consideration of the premises, and to end said
litigations and contests,
“

Unanimously resolve, That this company
ings now on hand a dividend of 9*4 per cent

pay out of its net earn¬
on the preferred stock
(being 7 per cent and 2*4 per cent, the pro rata division of such surplus
earnings), and also pay a dividend of 2*4 per cent on the common stock
of this company (being iho pro rata division of such
surplus earnings),
payable at the office of the company on and after the 17tli instant.
That the transfer books be now opened and that
they be closed on the

8th instant.”

—The Poeninq Post gives the
following as a statement of the
financial condition of the company after the
payment of the

present dividend of 9M per cent
on

the

common

stock

on

the preferred stock and 2%

:

Cash assets

January 1, 1881
Earnings to August 1,1881....
Dividend preferred stock
Dividend common stock

Balance after payment of dividend

.$591,321
190,686
.

$396,945
128,445

$782,007
525,391

$256,616

Rochester &

Pittsburg.—The directors of the Rochester &
Pittsburg Railroad have decided to extend its line from
Salamanca to Brookville, where connection for
Pittsburg is
made with the Pennsylvania low grade and the
Pittsburg &
Western railroads.
This line is 120 miles long,
including a
fifteen-mile branch to the coal fields near Ridgeway. A branch
forty-five miles long will be constructed from a point near
Machias to Buffalo, making the entire new road to be con¬
structed 165 miles.
The Rochester & Pittsburg will have
the shortest line from Pittsburg to Buffalo and Rochester.
Stockholders of record will have the
opportunity to subscribe

consideration.

The method which had been most relied
upon to maintain the
agreements of the joint executive committee was the apportion¬
ment of all traffic of
competing lines and the adoption of the
principle of arbitration in cases of disagreement. This method,
if stiictly carried out, he believed to be the
only way agree¬
ments could be enforced.
“But so far,” he saia, “only very
weak attempts have been made by the companies
represented
on the committee to
adopt and* carry out the plan.” * * *
Only one-twentieth part of the competitive traffic has been
apportioned, leaving nineteen-twentieths open for competitive
strife. In the perfection of this system lies the
only hope.for
“

the restoration of confidence and the maintenance of tariffs.”
What was needed, Mr. Fink strongly
urged, was a division cf
traffic at all points of competition, not only between roads

which the traffic originated, but between all roads
ting with it and until it reached its final destination.
upon

Yalley RR. (Ya.)—A dispatch from Staunton, Va., August
:> “The stockholders ot the Valley Railroad met in
Staunton to-day and authorized the board of directors to
nego¬
tiate a mortgage of $1,000,000, the proceeds to be applied
to»
the construction and completion of the road from Staunton to
Lexington, and for the equipment of the entire line from Har¬
risonburg to the latter point. It is announced that the work of
construction will begin at once, satisfactory arrangements hav¬
ing been made for a connection with the Richmond & Alleghany
Road at Lexington.”
11, says

Messrs. A. H. Muller & Son sold the
works loaD) 7e, reg., flue
1903
14114 & int.
4.000 City of Brooklyn per¬
manent water
loan 6s,
126% & int.
reg., due 1902
manent

ground that there is

These securities are in the nature of income
bonds, and are a
-first lien on all the lands of the
company along the line of 532
miles east of Fort Worth, known as the Eastern
Division, and
also

third mortgage on the road and equipments
east of
Fort Worth. There are 5.000,000 acres of this land. The
bonds are issued at the rate of $17,000 per mile,
bearing 7 per

are

©ent

a

interest-, payable out of the earnings of the Eastern




Ocean RR.

re:r.,

water

loan

due 1904

6s,

69

Shares.

128 <fc int.

duo 1917

148% & int.
27,000 City of Newark, N.J.,

City improvem’t 7e,

1st mort. 7s,

gold, due 1910

40,000 City of Brooklyn per¬
manent water
loan 7s,
reg.. due 1910.
145% & int.
4,000 City of Brooklyn pub¬
lic park loan 7s, coup.,
reg.,

due 1893
123 & int.
15,000 City of Newark, N.J.,
7s water, registered, due
1905
134 & int.
,

Syracuse Chenango & New York.—The New York Supreme

legal board, all the directors but one having legally
incapacitated themselves from acting by selling their stock.
Texas & Pacific.—The World gives the
following in answ^
to an inquiry in regard to Texas Pacific land
grant bonds.

7,000 Metropolitan Gaslight
new 6s, due 1901
113%
5,000 N. Y. Greenwood &
Coney Isl’d RR. 1st mort. 8
10,000 Tehuantepec Inter-

6,000 City of Brooklyn per¬

August 8, and the subscriptions will expire August 15.—Phil¬
adelphia North American.

no

Bonds.

$30,000 Rochester C’y (water¬

each 100 shares the sum of $11,400 cash, and receive
$6,000
first mortgage 5 per cent
forty-year gold bonds, $8,000 nonaccumulative 6 per cent income bonds and 150 shares of com¬
mon stock.
A coal company will be formed to
develop the
6,000 acres lately purchased, and holders of 100 shares of
Rochester & Pittsburg, by paying $2,000 cash, will receive 100
shares of the coal company’s stock. The transfer books closed

now

following at auction:

Bonds.

on

Court has denied motions to
discharge the Receiver of this road
and set aside the order of sale. The Court has also ordered an
election for directors to be held, on the

connec¬

30 Sixth Avenue RR..267^268
100 New York & Harlem RR.220
20 Howard Fire Ins

123%

528 Manhattan Gaslight.210%®%
400
16
20
15
233
143
21
25
1

Pennsylvania Coal.240®246
Bank of New York.,

151%

Empire City Fire Ins
95%
N. Y. Bowery Fire Ins’. .227%
Metropolitan Gaslight.ISO®1*
Bank of Manhattan Co.. 143%
Mechanics’Nat. Bank
160%
Gallatin Bank
156%
Clinton Hall Ass’u (hyp.) 55

—The card of Messrs. Olliffe & Schmidt, bankers and brokers,
will be found this week in the Chronicle. Both of the members
of this firm have seats at the New York Stock Exchange, and,
with energy and experience, they are prepared to offer custom¬
,

ers

every

business.

advantage in the transaction of

a

stock commission

—The Deadwood-Terra Mining Company announces a divi¬
dend of $40,000 for the month of July, pajrable by Wells, Fargo
& Co., on the 20th inst. Transfers close on the 15th.
—The 36th dividend of the Homestake

Mining Company is

announced, payable at Wells, Fargo & Co.’s,

on

the 25th.

August 13,

THE CHRONICLE.

1881.J

179
COTTON.

ghe Ctamuemal jinxes.
•'

COMMERCIAL

Friday, P. M.. August 12, 1881.

EPITOME.

Friday Night, August 19,1881.

The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (August 12), the total receipts have reached 13,062

bales, against 17,818 bales last week. 16,151 bales the previous
week and 19,362 bales three weeks since; making the total
and uncomfortable as during last week, and gentle rains have receipts since the 1st of September. 1880. 5,788,585 bales,
against
brought relief from drought to the growing crops iu.various sec¬ 4,908,575 bales for the same period of 1879-80, showing an increase
tions of the country. President Garfield has recovered sufficient since
September 1, 1880, of 8 SO,010 bales.
strength to append his name to official documents requiring
Mon.
his signature, but he makes slow progress to full restoration in
Sat.
Tucs.
Wed.
Thurs.
Fri.
Total.
Receipts at—
health, and he is still an object of anxiety to all. The autumn
116
544
Galveston
323
380
362
233
1,933
trade has made moderate progress.
90
90
Indianola, Ac.
Pork has been quiet, but at the close the tone was improved
271
564
New Orleans...
90
913
3
425
1,142
by higher Chi sago advices. Lard has been irregular until to¬
16
152
106
9
8
208
499
day. when prices were advanced, in sympathy with the Western Mobile
44
44
markets. Other provisions have been slow. To-day new mess Florida
553
560
121
145
175
312
Savannah
1,860
pork was quoted on the spot at $18; August, September and
Brunsw’k, Ac*.
October options were quoted at $18. Lard sold on the spot at
40
126
64
16
87
15
348
11*37^2@11*40c. for prime Western; August options were quoted Charleston
Pt. Royal, Ac.
at 11*40@11*42^2C.; September sold at ll*30@ll*42>£c., closing
5
6
12
20
13
56
at ll*42/£o. bid; October, 11*37>£@11*47>£c., and closing at that Wilmington
Moreli’d C.,Ac
42
42
price bid; November was quoted at ll*27>£c. and December at
336
229
179
192
435
127
ll*15c. bid; seller year, HT0@ll*15c.; January, llT5@ll*22>£c.; Norfolk
1,498
refined to the Continent, 11 *40c. Bacon was quiet and wholly
131
131
City Point, Ac.
516
113
nominal at 9%c. for long and 10c. for short clear; half-and-half, New York
2L8
847
126
50
99
353
208
77
9%o. Beef has had some call at $25@$27 for extra India mess. Boston
913
Beef hams steady at $22@$23. Butter rules firm, and fine Baltimore
200
20
200
61
75
556
The

weather, though still summer-like, has not been so hot

•

•

•

....

•

....

....

....

5

r

....

....

....

....

....

....

....

....

....

.

.

.

.

•

•

•

•

....

....

....

....

^

....

....

....

....

....

....

trades
are wanted.
Cheese factory,
closed better,
underTallow
a scarcity
of
grades;
fair to prime
8%@10c.
remains

Pliiladelp’a, Ac.

190

1S2

128

Totals this week

1,783

3,424

1,900

105

....

144

749

2.230

13.0C2

ne

about steady at 6%e.
Stearine is quoted at 13>£c. for prime.
The following is a comparative summary of aggregrate exports

of provisions from

November 1 to August 6:

Pork
Bacon

Lard
Total

1879-80.

1880-81.

lbs. 50,191,200
lbs. 569.882,781
.lbs. 267,067,552

Decrease

55,140,800
638,971,084
308,380,123

lbs. 887,141,533 1,002.492,007

Rio coffee has further advanced to

4,949,600
69,088,303
41,312,571

115,350,474

Ehds.

Receipts since August 1

14,393

Bales since August 1
Stock August 10,1881
Stock August 11, 1880

10,442

108,452
..126,744

For comparison, we give the following table showing the week's
total receipts, the total since Sept. 1,1SS0, and the stocks to-night
and the same items for the corresponding periods of last year.
1880-81.

Receipts to
August 12.

This

Boxes.

Bags.

Melado.

45C

40,468

7,704

1,072,294

178

10,074

929,138

6,720

35,412

Slock.

1879-80.

Since

Since

This

Sep.
1, 1880.

Week.

12@12%c. for fair cargoes

latterly, but the rise has served to restrict transactions to
moderate limits; mild, grades have been active, and have
also advanced ; fully 1,500 bpgs of Maracaibo and 4,000 bags of
Costa Rica have been sold at prices within the range of ll@14c.
for the former and ll@15c. for the latter. Rice has sold well
of late at steady prices. New Formosa Oolong tea has sold
lower at the auctions, though the better grades have ruled
about steady ; the new Japan sold at firm prices ; green
declined somewhat. Molasses has been quiet for most grades,
foreign grocery stock alone selling fairly iu jobbing lots ; refin¬
ing molasses has been quoted latterly at 33@34e. for 50 degrees
test, but this is a merely nominal quotation in the absence of
business. Spices have been quiet. Raw sugar has been quiet
but firm at 7^@7%c. for fair to good refining and
for centrifugal.

2,110!

1,615

Sep.
1,1879.

Week.

"

Galveston

1,988

566

90

21

672,343
15,451
3,435 1,580,314

Indianola, Ac..
New Orleans
Mobile

499

Florida
8avannah

44

20 417

12

871,108
5,019

1,513

619,741

740

50,010

37

£0

118,425

58

42

30,633

1,498

716,508

886

131

211,137
173,642
185.659
52,174
81,206

202

....

Charleston

348

Port

Royal, Ac.
Wilmington
M’head City, Ac

....

'

City Point, &c.
New York

847

Boston

913

Baltimore

556

Philadelphia, &c.

749

Total

097

334 76’>

1,866

Brunswick, Ac.

Norfolk

463,152
7,780
814 1,485,701

•

...

-

,

18.541

2,473

63,899

35,276
3,231

351 076

3 140

20,156

5 OS0

1881.

1880.

1,509
......

538

......

606

1,990
10

939

231,467
19,317
53,317

......

3,330
1T.Ttf

81 636

7,945

9,417
1,759
7,838

1,005
7,123

8.691 4,903.575 227.970 152,041

13,062 5,788,585

Receipts at—

4,984

725,754
3,455
3,675
650
454,249
49
30,639
435
76,560
26,965
580,721
3,423
155,758
216,263 113,219

Refined sugar has latterly been dull and depressed ; the
In order that comparison may be made with other
closing quotations are more steady, at 10/4c. for crushed and give below the totals at leading ports tor six seasons.
cubes, 10%c. for cut loaf, 10/£@ 10/4c. for powdered and 9 /4c.
1878.
for standard “A.”

1880.

1881.

years, w®

1877.

1879.

1876.

597
Kentucky tobacco has again been moderately active, and sales Galvest’n.Ac.
934
179
571
2,078
2,281
hhds., of which 293 for export New Orleans.
814
57 8
352
249
3,435
1,337
The close is quiet, but prices Mobile
499
20
2 42
297
104
219
are very firm on account of bad crop prospects, drought having
Savannah....
159,
81
551
614
1,966
1,513
undoubtedly done considerable injury; lu^s quoted at 5@5%c., Charl’sfc’n, Ac
343
740
16
316
326
566
and leaf 6@12>£c. Seed leaf continues in demand, and sales
98
58
15
421
94
259
Wilm’gt’u, Ac
for the week are 3,075 cases, including 2,000 cases 1880 crop,
209
615
303
Norfolk, Ac..
1,629
1,083
2,576
Ohio assorted, 5>£@6%c.; gOO cases 1880 crop, Pennsylvania, All
211
others....
591
950
3,109
3,59 i
1,248
12@18c.; 75 cases 1879 crop, Pennsylvania, 20@30c.; 300 cases
Tot. this w’k.
1880 crop, New England, 10@21c.f 100 cases 1879 crop, New
8,691
3,462
13,062
1,733
4,657
7,399
England, 15@20c.; and 100 cases sundries, 9@13c.
Since Sept. 1. 5788.585 4908,575 4443.502 4267,816 3902,663 4099,934
Rosins have been neglected, but remain firm at $2@$2 07>£
Galvectcin Includes Indianola; Charleston includes Port Royal, Ac.;
for strained to good strained. Spirits turpentine, on the con¬
Wilmli.gron Includes Moreliead City; Ac.; Norfolk includes City Point, Ac.
trary, has shown sharp advances, in sympathy with the South¬
% The exports for the week ending this evening reach a total
ern markets, where a. large
44short” interest has been covering of
19,628 bales, of which 17,959 were to Great Britain, 100 to
outstanding contracts. Southerns in yard closed at 46c. bid and France
and 1,569 to rest of the Continent, while the stocks as
47c. asked. Petroleum receives moderate export attention, and
closes steady at 7%c. for refined in bbls. Crude certificates made up this evening are now 227,970 bales. Below are the
have had a fair speculation, and close about steady at 75c. bid. exports for the week and since September, 1,1880.
Steel rails continue in active demand for 1882 delivery, at $55@
Week Ending Aug. 12.
From Sept. 1.1830. to Aug. 12,1881<
$57 at the mills; early deliveries quoted $53@$65, as to location
Exported to—
Exported to—
Exports
of mills. Old iron rails sell fairly at $27 50 for T’s and $29 50
Conti¬
Great
Conti¬ Total
Great
from—
Total
for DH’s.
France
nent.
Scrap $28@$30. Lead strong at 4*95@5o. Ingot
BriCn• France nent.
Week. Britain.
copper rules steady, though quiet, at 16>£@16^§c. for Lase.
2,(53
Galveston
?,05H
108,746 47). 120
317,345 53,03

f©r the week amount to 1,052
and 759 for home consumption.

#

sold in the West for shipment to Hull.
Ocean freight room has been very liberally

were

‘

taken by the
grain and petroleum trades. Tonnage is now in reduced sup¬
ply, and full rates rule, though the continued advances m
cereals serve to check the shipping movement. The engage¬
ments to-day were: Grain to Liverpool by steam quoted
6@6>£d.; bacon, 27s. 6d., and cheese, 40s.; cotton, 7-32@9-32d. ;
flour, 2s. per bbl. and 17s. 6d. per ton. Grain to London by
steam, 5%@5d.; bacon, 22s. 6d.; cheese, 30s. Grain to Glasg°w by steam, quoted 6>£d.; do. to Cork for orders, quoted 5s.
4}£d.@5s, 6d.; do. to Naples taken - at 5s. 7>£@5s. 8d.; do. to
Dutch ports, 5s. Refined petroleum to Trieste, 4s.; do. to the
Baltic, 4s.; naphtha to London, 3s. fid.




.

New Orleans..

Mobile

.

•

•

•

•

»

•

.

.

3,993

3,993
....

921,77J 333,174

355,523 1,610,474

84,070

24,774

7,419

116.203

,2,0,015

289,914

507,795
479,753
69,810

Florida

Savannah
Charleston

.

•

Wilmington...

•

.

.

......

......

.....

Norfolk

New York

7,034

Boston
B dtimore

2,399
1,472

Philadelp’a.&c

1,000

100

57,133

37,866
61,010
1,444

316.04ft

2,850

9.922

33.6 .'5

117,735

323,318
557,583

359

127.93)

2)3.575

1,310

8,444
2,390

401,1*8

259

1,731

122.55

••••••

1,000

217,2t38

11,22"

1 >7,574

154,113

31,88:
102

74.413

74,545
■■
■

Flax seed has been active, and closed at $1 40; 75,000 bushels

•

—

—»

——

Total.......

17,959

ICO

1,?69

T>U1 1873-80

15.039

10.518

103

—.

-

—

19,6.8 2.822,713 5)3.67
2"vft !0 2 539.007 394 ft

•Includes exports from Port Royal &c

—

-

■

—

1.1:0,132 4.5 6,517
k

i h»:-i 3.838.003

THE CHRONICLE.

180

to-night also erive
ns the following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
are prepared for our special use by Messrs. Carey, Yale &
exports, oar telegrams

In addition to above

H

GO
to

3
Oh* gdJ±

c

cd

u

2

®

23

CO
P

ci*

to Si

■c

Great
Britain.

New Orleans
Mobile
Charleston
Savannah
Galveston
New York
Other ports

France.

11,475

1,726

None.
None.
None.

None.
None.
None.

1,511

Non".

2,100

None.
None.

1,000

Foreign

200

None.
None.
25
130
39
None.
100

599

291

99
None.
None.
None.
None.

300

bfj

c+

Slock.

Total.

3

6

CD

50,599

13,300

3,140

None.

625

25
130
1.550
*

2,000
1,300

3,325
16,991

*

Ordin’y-^ft

Ski
9*s

8k2
9*8

18,905

w

2

C5

5 -02

®

lOlie

10*16

1058
11^8

1138

Middling...
Good Mid..
Btr. G’d Mid

Midd’g Fair
Fair

10

:

.p
3?

•

*M

-

£
1

10
o

8%
93s

8 34
93s

10016

106x6

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CD •

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•

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CD CD

S'CD 2
75

—

to -+■

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P’ P

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Sis1^
fea? 3

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b^2«*

05
•

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a
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05

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CD

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•

5-

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o«

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8**16
9Bi6

10&16
10*'h6 1078
11016 1138
12
12*16
12%
12°16
12 34
12*316
13
13*16
13%
13*316
14%
149i6
10%

I ©os

I ©Oi

&

I?Ion. Toes

Sat.

I ©o

-3-3®

a

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«3

COCO
«—

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ft

-i

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66®
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13*16 13
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oo to

COM

I ©to

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MMO

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9

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Mmo
M
M<3

h4®
Wed

Frl.

a ;

oh

t*2.P B

2

23,766

TEXAS

8**16

1078
10016 loh
115s
11°16 115s
12*16 12*16
liiaie 1113x6 11%
i25i6 12°i6
121x6 12116 12
121316 12*316
l'-916 12016 12 k3
1 213lft 121316 12%
13*16 13*16
13*316 13*3ie
139ie 13016 13ki
L4516 14516 14% 14016 149i6
Th.

p

;

o

o

to to o

Mon Toes

105s

We*

•

,07

1-0/

110.619 "~o

—•

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

^

b.

bales at presses for foreign

NEW ORLEANS.

She
9*16

®:

:
3:

-1

of success. Yesterday there was a general advance at the
close, the reports of the Southern Exchanges having been more
or less unfavorable, except from Mobile.
To-day there was a
further and more uniform advance, but the close was dull. Cot¬
ton on the spot was dull, and on Tuesday quotations were
reduced l-16e. To-day there was a fair demand for home con¬
sumption, and middling uplands closed at 12c.
The total sales for forward delivery for the week are 236,500
bales. For immediate delivery the total sales foot up this week
3,707 bales, including 232 for export, 3,126 for consumption,
349 for speculation and — in transit.
Of the above, 250 bales
were to arrive.
The following are the official quotations and
sales for ?ach day of the past week.
Sat.

s®-1

o

to

way

in 011 Tue«

:
:

—•
,

pi

r+

>

to •

I

1

» P
S2* CD 2 P

DO CJ

GO

OhJ®c

O

speculation in cotton for future delivery has been quite
slow for the week under review, the aggregate of transactions
falling much below the average, and the course of prices has
been quite irregular, the most important features being a down¬
ward tendency for August and upward tendency for the more
distant months of the next crop, causing a narrowing of the
range of values paid.
This was especially the case on Tuesday
and Wednesday. Saturday and Monday were generally weak.
September only lias shown much activity. There was a pur¬
pose to “ corner ” that month, but the indications of early pick¬
ing which were received from all parts of the cotton-growing
region, together with the large visible supply and the evident
purpose of holders to move stocks freely, were obstacles in the

Sat.

V

®

2 *

£•§9

cr?

The

Aug. 6 to
Aug. 12.

L

to

M

which we cannot learn.

UPLANDS.

S3
05

£

CO

oh*®5?

I— ►"*

Included in this amount tliere are 200

ports, the destiua.iou of

Coast¬
wise.

Other

1,726

16,086

Total
*

Shipboard, not cleared—for

CO 02

*3

M

Leaving

12, at—

CD O

p p.

•—

35

>■

c

-

0

Aug.

QD O

2

-

Ofn

Lambert. 60 Beaver Street.
On

Oh* ®<d

2

S' O

3

Q’vgB
S'i-j P —
O

ra

2 CD

[ [Vql. XXXIII.

66®

®

o

OO

d

p

1

I

®

O

2.

66®
Ot'CX)

H* M

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

She
She

She
9he

©rdin’y.$Ib

10

10

8**ie
9°ie

8**16 *8**16
9°16
9n16

She
9lie
10

10%

10%

8**16
9°16

8**16
9°ie

10%

10%

10%

11%

11%

12

12

12

12

12

12

12
12 ka

12

12
12 ki

12%
12%

12%
12%

12%
12%

12%
12 34

12%
12%

12%
12%

12%

13

13

13

13

13

13

CO

13%

13%
14%

13%
14%

1334
14%

13%
14%

13%
14%

13%
14%

07

ki
12%
13ki
14%

14%

Sat.

8%
9%

..$ lb.

Good Ordinary....
Strict Good Ordinary

.......

i0_

Middling
Middling

Low

Mon Taes Wed

8*ie
93i6
9*°16

8%
9%
10

11516 11516 11%

8*16
9316

Frl.

She

8*16
9316
9*%6

93,6

9*5ie
11%

Th.

9*5ie
11%

11%

MARKET AND SALES.
SALES OF SPOT AND TRANSIT.
SPOT MARKET

CLOSED.

.

.

.

port.

Dull
Dull and easy ...
Dull at lift dec ..

Weak
Weak

Quiet and steady

Total

Con-

Ex-

TrailTotal.
sit.
sump. uVVn
204
305
349
728
473

114
11
95
12

1,007

232

3,126

Spec-

124
104
61
....

349

....

....

The daily deliveries given above are actually
yious to that on which they are reported.

The Sales

and

Prices

of

Futures

are

FUTURES.

Sales.

Deliv¬
eries.

29,800

200
400

46,400

1,200

25,700

1.100

37.000

1,0C0

73,000

200

3,707 236,500

4,100

204
479
473
903
629

24,600

1,019

delivered the day preshown by the follow¬

ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales:




o

IP 07

00

1

I ©

I ©

05

M

M M )_l

M M O

O
o

MM®

M M

totov

tOM®

O'CO

Od

o
-3

O

M
to

-1

I

«3

MO®
to®

&

.©

©

©

©:

©:

©

66
©

©:

I ©

©

11%

12

d

OOP

10%

10016 10*3i6 10*316 10*316 10*316 10*316 10*316
11&16 11016 1 l«i e U®16 n«i« 11016 llyie

STAINED.

Sat..
Mon
Tues.
Wed
Thurs
Fri.

6

lO^is 10016
ll»16 11°I6

12%
Midd’g Fair 13 ki
Fair
14%

H*M

M

8**16
9516

M

o
o

Includes sales in September for September, 621,400; Sept.-Oct. for
Oct., 946,500; Sept.-Nov. for November, 762,100; Sept.-Dee. for Decem¬
ber, 1,464,500;* Sept.-Jan. for January, 2,588,900; Sept.-Feb. for Feb¬
*

2,372,700; Sept.-Marcli for March, 3,466,100; Sept.-April for
April, 2,595.800 ; Sept.-May for May. 2,156,400 ; Sept.-June for June,
2,224,500 ; Sept.-July for July, 1,767,000.
Transferable Orders—Saturday, 12*15;
Monday, 12*15; Tuesday,
12*10; Wednesday, 12*10; Thursday, 12*10; Friday, 12*20.

ruary

The following exchange has been made
*58 pd. to exch. 100 Oct. for Sept.
j

during the week:

made up by cable and
The Continental stocks are the figures

The Visible Supply of Cotton,

as

telegraph, is as follows.
of last Saturday, but the totals for Great Britain and the

afloat

consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Aug. 12 ), we add the item of exports
from the United States, including in it the exports of Friday only:
for the Continent

Stock at Liverpool
Stock at London

are

this week’s returns, and

bales.

Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamourg

.

1881.

1880.

1879.

*1878.

767,000
40.900

696,000

469,000

587,000

55,200

52,440

14,750

807,900
187,000
3,600
36,600

751,200
71,200
8,740
59.100

521,440

601,750
156,250

4,300

5,000

3,500

106,000
2.100

22.500

6.000

31.000

7,250

August

1881.

18*0.

1879.

1878.

52,000

38.000
10,100

20,500
29,100

34.250
45,000

2,880

400
100

9,000

981

20,400

0,200

17,250

continental ports.... 337,900

228,40L

190,400

312,500

Total European stocks.. ..1,145,800
India cotton afloat for Europe. 137,000
Amer’n cotton afloat for Eur’pe
23.000
Emit, Brazil,&c.,attt for E’r’pe 227,970
Stock in United States ports ..
23,017
Stock in U. 8. interior ports...

979.001
181,000
93.000
14.000
151.989

717,840

914,250
205,000

31,000
2.000
101.125

38.000

19,440

5.019

3,797
1,000

bales,

Stock at Bremen
Stock at Amsterdam
Stock at

Rotterdam

Stock at Antwerp.... ..........
Stock at other conti’ntal ports.

Total

oz,

•

3b.700
d.900
2,500
10,700
231,000

0.500

315.000

10,000
50.310

1,000

3,800

exports to-day..
1,791,587 1,439,030 1,173,584 1,234,357
Total visible supply
Of the anove. tlie totals of American and other descriptions are as folio w>:
United States

American—

Liverpool stock.
Continental stocks

American afloat for Europe....
United States stock
United States interior stocks..

United States exports

Total American
East Indian, Brazil,

405,000
205,000

31,000

33,000

19,440

101,125
5,019
1,000

3,797
1,000

851,429

029,744

829,107

174,000
40.900
98.900

227,000
55.200

122,000

231,000

181,000

120,000
52,440
48,400
315,000

14,000

2,000

47,500
205,000
10,000

513,840

405.250

3,800

to-day..

50.310

1 ,223,787
<&c.—

stock

Continental stocks —. ........
India afloat for Europe
Egypt, Brazil, &c., afloat

23,000

Total East India, &o
Total American

14.750

1 ,223,787 851,429 029,744 829,107
Total visible supply
1,791,587 1,439,030 1,173,584 1,234,357
0%d. 6i31Gd. ' G^d.
Price Mid. Upl., Liverpool
O^ied.
The above figures indicate an increase in the cotton in sight
to-night of 352,557 bales as compared with the same date of 1880,
an increase of 618,003 bales as compared with 1879 and an in¬
crease of 757,230 bales as compared with 1878.
In the preceding visible supply table we have heretofore only
included the interior stocks at the seven original interior towns.
As we did not have the record of the new interior towns fer the
four years, we could not make a comparison in any other way.
That difficulty no longer exists, and we therefore make the fol¬
lowing comparison, which includes the stocks at the nineteen
towns given weekly in our table of interior stocks instead of only
the old seven towns.
We shall continue this double statement for
a time, but finally shall simply substitute the nineteen towns for
1881.

American—

bales

Continental stocks
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian, Brazil, die.—

Liverpool stock
London stock
Continental stocks
India afloat for Europe

Egypt, Brazil, <fcc., afloat
Total East India, &c

593,000
239.000
137,000

227,970
43,305
3,800

,

1880.

1879.

1878.

409,000
118,000
93,000
151,989
35,473

343,000
148,000
31,000
101,125
11,477

405,000

1,000

1,000

205,000
38,000
50,310
0,238

1 ,244,135

807,402

035,002

831,543

174,000

227,000
55,200

] 20,000

122,000

40,900

14,750

93,900

110,401

231,000
23,000

181,000
14,000

52,440
48,400
315,000

205,000

2,000

10,000

507,800

587,001
807,402

543.840

405,250

035,002

831,543

47,500

same

week

RECEIPTS FROM PLANTATIONS.

Receipts at the Ports.

Week

ending—

1879.

1881.

36,85 i
32,642

42.198 143,241 132,471
37,570 130,035 123,342

29,432
23.218

32,429 115,038
29,300 90,190
25,2*3 81,172
22,388 75.103
20.091 71,950

17,113

23,704

11,089

23.074

0,012

18,580

17

7,188

19,870

24

0,293

1

3,037

23,511
17,057

8

3,032
2,809
3.272

10
41

July
ftft

....

15
(4

22

ftft

29.....

Aug.
ftft

5

20,....

14.070

23,476
20,602
19.103

10,091
13,148

iai99

2,503
3,915

10,859

19,302
16.151

8.9-I2

17,818

3,482

8,691

13,062

15,528
14,410
13,900
13,049
11,477

The above statement shows—
1. That the total receipts from
1880-81

were

1878-79

were

1881.

1830.

1880.

3

une

Stock at Interior Ports
1879.

May 27
J

—

587,001

than the

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

4ft

110,401

507.800

Liverpool stock

the same towns have been 966 bales more
last year.

—

Liverpool stock
London

313,000
143,000

409,000
118,000
93,000
151,989

593.000
239,000
137.000
227.970
23.017

181

CHRONICLE.

THE

13, 1881.]

Rec'pts from PlanVns.
1879.

1880.

1881.

81,875

7,882
6,401
1,471
4,005
2,210

69,988
04,212

1,335

00,198
50,002
49,631
41,507

54,77 T
48,397

2,154

10,917
4,939
3,612

40,920

2,059

3,828

8,080

3«,820

3,028

85-3

13,718

35.473

43,305

1,890

2,057

19,601

98,428
88,232

802

5,550

11,074

11,008 23,513
4,518
2.9S3
1,022 18,022
8,493 17.119
10,988
8,775

13,387
8,764
12.9S2

the plantations since Sept. 1 in
4,936,747 bales; in

5,773,878 bales; in 1879-80 were
4,451,742 bales.

That, although the receipts at the ont-ports the past week
were 13,063 bales, the actual movement from plantations was
2.

only 19,601 bales, the balance going to

increase the stocks at the

for

interior ports. Last year the receipts from the plantations
the same week were 2,657 bales and for 1879 they were 1,890 bales.

Telegraph.—During the past week the
the greater portion of the South.
In Texas the drought lias been succeeded by very beneficial
showers, and reports are v?ry favorable. The accounts from
some portions of
Alabama, Georgia and Mississippi, however,
Weather Reports by

weather has been favorable in

are

less favorable.

have had good showers on five days
splendid rain is now falling. The rainfall
reached one inch and eighty-two hundredths. Most sections
have now had rain, doing immense good.
Crop accounts are
more favorable.
Picking is progressing finely; 412 bales of new
cotton were received this week, making 472 bales thus far.
The
thermometer has ranged from 74 to 93, averaging 84.
Indianola, Texas.—It has rained splendidly on four days the
ast week, the rainfall reaching two inches and sixty-five hun§ redths. We have at last had enough rain for a while. Crop
accounts are more favorable. Picking is progressing finely.
Average thermometer 83, highest 93 and lowest 72.
Galveston, Texas.—We

the

past week, and

a

Texas.—The weather has been warm ajid dry
the
past
week. Crop accounts are more favorable'. Cot¬
during
Total visible supply
ton is opening rapidy and picking is progressing finely.
The
gggf The imports into Continental ports this week have been thermometer has
averaged 86, ranging from 74 to 100.
16,300 bales.
Balias, Texas.—The weather has been warm and dry during
These figures indicate an increase in the cotton in sight to*
the past week. We have had no rain here, but it has been rain¬
night of 356,872 bales as compared with the same date of 1880, an
ing all around us. Crop accounts are more favorable generally,
increase of 632,493 bales as compared with the corresponding
and picking is beginning. A little new cotton Is coming in.
date of 1879 and an increase of 575,137 bales as compared wit
Average thermometer 86, highest 100 and lowest 74.
1878.
Brenham, Texas.—The weather has been warm and dry
At the Interior Ports the movement—that is the receipts
during the past week. Last week’s splendid rain amounted to
and shipments for the week, and stocks to-night, and for the one inch and fifty hundredths; another such rainfall would be
corresponding week of 1880—is set oat in detail in the following beneficial, but we are not suffering. Crop accounts are more
statement:
favorable and picking is progressing finely. New cotton is
Week ending Aug 13, ’80.
beginning to move rapidly. The thermometer has ranged from
Week ending A ng 12, ’81.
75 to 96, averaging 86.
Stock.
Waco, Texas.—The weather has been warm and dry during
Receipts. Shipm'ts
Receipts. Shipm'ts Stock.
the past week. Rain has fallen in some sections, but need more
822
97
3,231
331
428.
4,486
Augusta, Ga
Picking has begun. The thermometer has aver¬
141
37
2,247 everywhere.
217
395
80
Columbus, Ga...
784
472
aged
from 74 to 96.
12
86,
ranging
344
46
2,202
Ga
Macon,
40
20
1,788
New Orleans, Louisiana.—It has rained on five days the
320
82
1,619
Montgom’ry.Ala.
498
150
40
2 LO
15
1,200
Selma, Alav
past week, the rainfall reaching two inches and eighteen hun¬
239
9,193
1,403
743
10,473
1,092
Memphis, Tenn..
The thermometer has averaged 81.
121
1,099 dredths.
1,147
572
Total American

1,,244,135

Corsicana,

1 .811,935 11,455,003 1,179,442 1,230,798

.

.

'

Nashville, Tenn.

2,755

162

Shreveport,

Louisiana.—The weather has been

generally

the past week. The river is one foot above low
having
fallen seven inches during the week. The
5
32
30
120
76
29
Dallas, Texas.
18
7
5
drought is still severe on cotton on both hill and bottom lands.
244
42
88
Jefferson, Tex...
378
23
66
211
280
1,238
Average thermometer 86, highest 104 and lowest 73.
Shreveport, La..
15
29
25
424
141
145
Vicksburg, Miss.
Vicksburg, Mississippi.— Telegram not received.
90
361
40
10
Columbus, Miss..
Columbus, Mississippi.—It has been showery in this local¬
10
10
1,000
676
16
31
Eufaula, Ala....
566
46
19
44
29
ity on two days the past week, the rainfall reaching fifty-seven
27
Griffin, Ga
510
105
7,169 hundredths of an inch.
3,700
Caterpillars are reported everywhere,
Atlanta, Ga
2,910
2,399
821
543
80
57
60
46
Rome, Ga
and great injury is undoubtedly being done in black lands.
160
85
143
65
20
20
Charlotte, N. C*.
332
4,412 The thermometer has averaged 86, ranging from 79 to 96.
St- Louis, Mo
1,309
3.049
9,119
1,362
1.399
720
1,410
Little Rock, Arkansas.—The past week has been excessively
768
4,300
1,137
Cincinnati, O....
hot during the days, with pleasant nights. The thermometer
16,033
4,004
1,535
20,348
Total, new ports
7,731
5,205
has ranged from 70 to 101, averaging 85.
35,473
8,185
2,151
Nashville, Tennessee.—We have had rain on one day the
Total, all
43,365
10,995
6,787
past week, but it was not general. The rainfall reached one
Much more rain is badly
The above totals show that the old interior stocks have de- inch and thiry-one hundredths.
Average thermometer 83, highest 100 and lowest 68.
creased during the week 1,682 bales, and are to-night 3,577 needed.

Total, old ports..

1,582

..

3,264

23,017

616

4,181

19,440

clear during
water mark,

*

m

m

m

m

•

•

•

•

-

bales

more




than at the

same

period lait year. The receipts at

Mobile, Alabama.—It has

rained severely on one

day, and

THE

182
showery

lias been

on

two days, the past week.

CHRONICLE.

The rainfall

reached live inches and seventeen hundredths.
Crop accounts
are less favorable,
aud from the interior the reports conflict-,
there being complaints of the July drought, the recent over¬

flow^ rust and shedding. Caterpillars have appeared, though
the injury done is as yet limited; poison is being applied. Aver¬
age thermometer 80, highest 98 and lowest 73.
Montgomery, Alabama.—We had rain on two days the early
part.of the past week, but the latter portion has been clear and
pleasent, but very hot. The rainfall reached sixty-one hun¬
dredths of

an

inch.

Accounts from the interior

|Tol. XXXIII.

European Cotton Consumption to August 1.—We have re¬
ceived this week, by cable, Mr. Ellison’s cotton figures
brought
down to August 1. As stated in previous months, we now have
included in

cable the revised totals for last year

our

as well

the

figures for this year, so that the reader may have a
correct comparison.
First we give spinners* takings in actual
bales and pounds since October 1, with the average weight of

as

bales for the two

seasons.

conflict¬

are

ing; several sections report rust developing badly, and shed¬
The thermometer has ranged from 71 to 97, averaging 82.
Selma, Alabama.—The weather has been warm and dry
during the past week. Caterpillars have appeared, though the
damage done is as yet limited. The thermometer has ranged

From Oct. 1 to

ding.

from 73 to 88.

For

Crent Britain.

Any. 1.

Continent.

Total.

-

1880-81.

Takings by spinners., .bales
2,004,440
2,538,120
5,202,560
450
428
Average weight of bales—
439
1,19S,096,000 1,030,315,300 2,285,313,3G0
Takings in pounds

Madison, Florida.—We had rain on four days the early
For 1879-80.
part of the past week, but the latter portion lias been clear and Takings by spinners...bales
2,509,3(00
2,30G,530
4,815,330
pleasant. We hear rumors of the appearance of caterpillars, Averago weight of bales....
417
423
435
but think them of little importance. Average thermometer 83,
1,121,057,100
Takings in pounds
973,002,190 2,097,319,290
highest 90 and lowest 70.
"Macon, Georgia.—We have had rain during the past
According to the above, the average weight of the deliveries
week, but not enough to do much good. The army worm has
made its appearance in this vicinity, and much damage is in Great Britain is 450 pounds per bale to August 1, against 450
feared. The thermometer has averaged 80.
pounds to July 1. The Continental deliveries average 428
Columbus, Georgia.—We had rain on two days the early
part of the past week, but the latter portion of the week pounds, against 432 pounds last month. The consumption the
has been clear and pleasant. The rainfal. reached forty-eight past month (stated in bales of 400 lbs. each) has been, in Great
hundredths of an inch. Reports of the xcrop are conflicting. Britain, 276,000 bales (or 69,000 bales per week), and on the
Rust is developing badly. The thermometer has ranged from
Continent, 224,000 bales (or 56,000 bales per week), as stated
77 to 94, averaging 87.
below. In the following table we give the stock held by the
Savannah, Georgia.—It has rained on three days the past
week, and the balance of the w'eek has been pleasant. The mills, their takings and their consumption, each month since
rainfall reached one inch and seventy-eight hundredths. Aver¬ October 1, all reduced to bales of 400 pounds each for this
age 82, highest 96 and lowest 70.
season and last season.
It is a very convenient and useful
Augusta, Georgia.—We have had heavy general rain on
Summary.
four days of the past week, the rainfall reaching three inches and
one liuudredth.
The rain was very beneficial. The weather is
very warm, and crop accounts are favorable.
Average ther¬
1880-81.
1879-80.
Oct. 1 to July 1.
mometer 81, highest 97 and lowest 71.
Bales of 400 lbs. each.
Atlanta, Georgia—It has rained on one day the past week,
Great
Conti¬
ContiGreat
Total.
OOOs omitted.
Total.
the rainfall reaching fifty-four hundredths of an inch.
The
Britain
nent.
nent.
Britain
weather is exceedingly oppressive.
from 69 to 98, averaging 80.

The thermometer has ranged

Charleston, South Carolina.—It has rained

on one

day the

post week, the rainfall reaching eight hundredths of an inch.

averaged 84, ranging from 74 to 94.
The following statement we have also received by
telegraph,
showing the height of the rivers at the points named at 3 o’clock
August 11, 1881, and August 12, 1880.

Aug. 11, *81. Aufj. 12. 80.
Memphis

Feet. Inch.
Below high-watermark
No gauge.
11
Above low-water mark...
8

Nashville

Above low-water mark...

Shreveport

Above low-water mark...
Above low-water mark...

Vicksburg

..

1

O

1

0

Missing.

O

8
5
18

0
0
O

Missing.

reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
or

good middling. It was sold at auction on Monda3r to G. Falls
& Co., at 25 cents per pound, and shipped by them to Gunn
& Co., Cohoes, N. Y. Last year the first bale was received at
Memphis August 19.
The first bale of

new

cotton

was

received at Nashville

on

307,

day, Aug. 6.

It came from S. D. M. Guess, Graham’s Turn Out,
Barnwell County, and was consigned to Pelzer, Rodgers'& Co.
It classed middling, and was sold on Monday, August 8, to T.
G. S. Lucas, at 11 % cents per pound. Last year the first bale
was received August 12 at Charleston.
New Cotton at Louisville.—The first bale of new cotton
from Alabama was received at Louisville, Wednesday, August
10.
It was consigned to Payne, Viley & Co., of Louisville,
by
Jos. Hardie, of Dallas County, Alabama, and sold on Board of
Trade to II. W. Davis for 34 cents per pound. It is from the
**
Lellner cluster seed,” and weighed 491 pounds. Last year the
first bale was received at Louisville August 21.
Jute Butts, Bagging, Etc.—There has not been any
change
of moment in this market, and but little of interest has occurred.
Prices continue to be steadily held, and we do not hear of
any

shading being done in order to affect sales. Bagging has sold
in fair parcels, and is moving off in moderate parcels, but in
the aggregate a considerable amount of stock has been disposed
of. Quotations are 9%@10c. for 1% lbs 10%@10%c. for 2 lbs.,
,

ll^c. for 2% lbs. Butts have not been very active, but a
fair inquiry is reported for small lots. Prices are still
firmly
held, aud we do not hear of any parcels moving under our
quotations, which are 2 13-16@2%c. for paper grades, and 3%
@3]4.c. for bagging quality.

and




94.

156,

121,
390,

280,
218,

587,

261,

260,

511,

489,

201,

200,

461,

3pinncrs’ stock Nov. 1
Takings in November.

36,
316,

62,

98,
555,

000,
232,

50,

239,

190,

50,
472,

352,
273,

301,

653,

282,

.

222,

495,

248,

240,
225,

522,
473,

Spinners’ stock Dec. 1
Takings in December.

79,
371,

79,
315,

158,
086,

34,
323,

15,
322,

645

supply
Consumption in Dec..

450,
340,

394,

841,

357,

615,

287,

337,
256,

694,

275,

Spinners’ stock Jan. 1
Takings in January..

110,
269,

119,
241,

229,
510,

70,
340,

81,
284,

151,
624,

supply......
Consumption in Jan..

379,
274,

360,
222,

739,
496,

410,
262,

365,

208,

775,
470,

148,
335,

157,

305,

264,

599,

421,
208,

904,

supply

Spinners’ stock Feb. 1

105,

138,

243,

Takings in February.

289,

313,

602,

Total supply
Consumption in Feb.

394,
276,

451,
224,

845,

Spinners’ stock Mar. 1

118,
335,

227,
310,

345,

453,
345,

537,

990,
625,

108,

Monday, August 8, which is ten days earlier than last year. It
Takings in March
was raised by James F. Jenkins, of Rutherford, ana classed
strict low middling. It was sold to T. H. Mason & Co., at 50
Total supply
cents per pound.
Consumption in Mar.
New South Carolina Cotton.—The first bale of the new
crop
of South Carolina cotton was received at Charleston on Satur¬

27,

234,

271,

Total

r

164,
423,

Consumption in Oct..

Total

16 feet above low-water mark at that point.

New Tennessee Cotton—The first bale of new cotton from
Tennessee was received at Memphis, Saturday, August 6. It
was raised by R. S. Stinson on President Island, in
Shelby
County, consigned to Hill, Fontaine & Co., and classed strict

143,

Consumption in Nov

New Orleans

J871,

137,

280,

Total

Feet. Inch.

11

27,

Takings in October...
Total supply

The thermometer has

New Orleans

Spinners’ stock Oct 1.

Spinners’ stock Apr. 1
Takings in April

4S3,
262,

500,

645,

280.

•

49,

543,

470,

434,
518,

221,
278,

213,
240,

499,

453,

327.

259,

952,
586,

172,

0

.

365,
528,

200,

194,
284,

366,
544,

224,

893,
500,

432,
262,

478,
200,

468,

296,
351,

393,
657,"

170,

300,

211,

272,
235,

442,
446,

403,
270,

047,
224,

1,050,

888,

500,

381,
262,

507,

Consumption in May.

212,

474,

Spinners’ stock June 1
Takings in June

127,

423,
334,

550,
631,

1*19,
316,

295,
285,

414,

297,
424,
345,

757,
280,

1,181,
625,

435,
327,

580,
260,

1,015,

Consumption in June.
Spinners’ stock July 1
Takings in July

477,

209,

556,
478,

428,
405,

.....

205,

257,
263,

Consumption in April

373,
276,

Spinners’ stock May 1
Takings in May

Total supply

Total

supply

Total supply

520,

97,

79,
,

209,

{

108,

320,

225,

180,

910,

601,

537,

Total supply
Consumption in July.

348,

GSG,
224,

E034,

833,

500,

333,
;2G2,

500,

270.

208.

470,

Spinners’stock Aug.l

72,

402,

53 i,

71,

292,

363,

A

striking comparison with last year is reached by
bringing together the above totals and adding the average
weekly consumption up to this time for the two years.
more

August 13,

Oct. 1 to

THE

1881.J
1880-81.

Aug. 1.

400 lbs. each.
000s omitted.

Bales of

Great

Conti¬

Britain

nent.

Weekly

In

In

Britain

nent.

Total.

2,71S,

27,
2,804,

94,
2,440,

121,
5,244,

3,024,
2,952,

2,855,
2,393,

5,879,
5,345,

2,831,

2,760,

2,534,
2,242,

5,365,
5,002,

72,

462,

534,

71,

292,

363,

137,

In February

69,0

April

69,0
69,0
69,0

In May
In Juue

July

55,0
55,0
55,0
55,5
56,0
56,0
56,0
56,0
56,0

123,0
123,0
123,0
124,0
125,0
125,0

125,0
125,0

58,0
62,0
64,0
65,5
65,5
65,5
65,5
65,5
65,5

56,0

125,0

65.5

125,0

50,0
50,0
51,0
52,0
52,0
52,0
52,0

53,0
52,0
52,0

108,0

112,0
115,0
117,5
117,5
117,5
117,5

118,5
117,5
117,5

The foregoing shows that the weekly consumption in Europe
for July was 125,000 bales, of 400 pounds each, against 117,500
bales for the same month of 1880.
Summary of Cotton Exchange Reports.—As the main facts
covered by the Cotton Exchange Reports this month are the
.

Weather, Forming, Blooming and Bolling, and the Condition,
we have, for the convenience of our readers, brought together
under each State the conclusions reached by the Exchanges on

points.

these

North Carolina.—(Norfolk. Exchange) says: Foi'ming, Blooming
and Bolting—59 report well, 11 not well. Condition—45 report
good, 25 poor; 39 report not so good as last year, 20 same, 11

Ticking— Average of replies report will liave begun gener¬
ally by September 10 to 15.
South Carolina.—(Charlestton Exchange; says: Forming, Bloom¬
ing and Bolling—Plant small and boiling badly. Condition—Crop
seriously injured by drought.
Ticking—Win be general from
August 20 to September 1.
Georgia.—(Savannah Exchange) says: Forming, Blooming and Boll¬
Letter.

ing—Well.

Condition— Not favorable; not

so

good

as

last year.

Ticking—Commenced in lower counties, and will be general from

20tli to 25tli.
(Augusta Exchange) says: Forming, Blooming and Bolling—17

report well; 11 about same as last year; 33 unfavorable. Condi¬
tion— 8 report good; 9 about the same as Inst year; 44 not good;
compared with last year. 6 report better, 1 reports 5 per cent
better, 1 says 25 per cent better, 16 about same, 22 not as good,
8 at 10 to 25 per cent worse, 6 as 30 to 50 per cent worse, and 1
not more than one-third crop, ricking—33 report will commence
from August 10 to 20, and 28 from August 25 to Sept. 1.
Florida.—(Savannah Exchange) says: Foi'ming, Blooming and Boll¬
ing—Well. Condition—Very good, prospects about the same as
last year. Ticking—Of uplands will be general on the 15th; Sea
Islands about September 1.
Alabama.—(Mobile Exchange) says: Forming, Blooming and Boll¬
ing—Well in 28 counties, not well in 9 counties. Condition—At
present reported fair to good in 28 counties and poor in 9 counties;
compared with last year, good to better in most productive coun¬
ties and not so good in small upland counties. Picking—Will be
general from August 15 to September 1.
Mississippi.—(Mobile Exchange) says: Forming, Blooming and
Bolling— Well. Condition—At present fair to good, but plant small
in hill counties; compared with last year reported
as good to much
better iu 12 counties, and not so good in 7 counties. PickingWill become general from August 15 to September 1.
(New Orleans Exchange) says: Forming, Blooming and Boll¬
ing—Well in bottom lauds, but in uplands shedding badly. Condi¬
tion— At present good, but does not compare favorably with last
year. Picking— Commenced in upland counties, and will become
general about August 20.
(Memphis Exchange) says: Forming, Blooming and Bolling—
18 report well, 5 not well.
Condition— 8 report good, 6 moderately
good, 9 poor; compared with last year, 6 report better, 4 about
same
and i3 not so good. Picking—Will become general from
August 10 to September 20; average date August 28.
Louisiana.—(New Orleans Exchange) says: Forming, Blooming
and Bolling—Well up to 15tli ult., since then shedding and
rust.
Condition—At present is fair; compared with last year, not near so
good or promising. Picking—Will be general about August 15.
Texas.—(Galveston Exchange) says: Forming, Blooming and Boll¬
ing— 45 report well, 18 fairly, and 35 not well. Condition—33
report at present good, 35 fair, 30 not good; 13 report condition
better than last year, 15 same, 70 not as good. Picking—31 report
commenced August 1, 36 that will commence on August 15 and
31 on August 25.
Arkansas.—(New Orleans Exchange) says: Forming, Blooming and
Bolling—Not well. Condition—At present not good, and compared
with last year it is worse. Picking—Will become general about
Aug. 25.,
(Memphis Exchange) says: Forming, Blooming and Bolling—
16 report well, 12 not well.
Condition—1 report good, 8 moder¬
ately good, 13 poor; 1 reports better than last year, 2 report about
same and 25 not so
good. Picking—Will become general August
lo to September 20;
average date September 1.

^nnenee.-fMENpms Exchange) say6: Forming, Blooming and
Bolling—16 report well, 15 not well. Condition—10 report good,
5

moderately good, 16

6 report better than last year, 4 about
same, and 21 not so good. Picking—Wi'l become general from
August 15 to September 15; average date September 1.
poor;

iNashville Exchange)—No report.

Cotton Exchange

.

111

Reports

for

August.—We

publish below,

full, the Cotton Exchange condition reports for August:

Norfolk Department.

^

amiL

°^ Cotton Exchange, through their Committee on Information
am! John
t^tics,
composed of Louis Hilliard, Chairman, W. 1). Rountree,
-*na
c.
•

Maximos, issues the following report, covering the State of

t

an(l the following Counties in North Carolina .-Rutherford,
Catawba, Rowan, Davidson, Iredell, Burke, Wilkes, Caldwell,
Davie, Forsythe, Yndkin, Stokes, Surrey, Rockingham,
1; J’itkou, Granville, Warren, Franklin, Nash, Wake, Hyde, Pitt,
^artal*et, Craven, Beaufort, Tyrrel, Washington, Martin, Bertie,

^lnoolu

Halifax8<1UOtttllk, ^umdcn* Currituck, Gates, Hertford, Northampton

North Carolina and Virginia*—70 replies from 36 counties;
ayerage date July 30




favorable weather than last year; 14 same as last year, and 44
less favorable than last year. Fifty nine replies show that the plant is
forming, blooming aud boiling well, and 11 not well. Forty-live replies
show the condition of the crop good, aud 25 poor. Thirty-nine
replies
show the condition of the crop not so good as last year; 20 same as last
year, and 11 better than last year. The average of the replies shows
the coudition of the crop 5*35 per cent lower than
year.
few

last
Some
replies indicate that picking will begin by August 25. The average of
the replies shows that picking will have begun generally by September
10 to 15. The tenor of the replies indicates that the
plant is small,
caused by drouth, which was general and severe to Julv 25. Since that
time rains have afforded relief. They further show that much damage
can be corrected by a favorable season iu
August. Accounts of lice are
more frequeut, aud are reported from 11 counties.
Labor iu some
sections is

68,0
68,0
GS,0
68,5
,69,0
69,0

October..
November
December

T„ If arch

In

Conti¬

omitted.

In January

In

Total.

Great

Consumption.

00s
In

Thirty-live replies show favorable weather; 35 unfavorable; 12 show

1879-80.

164,
5,715,

gpinners’ stock Oct. 1.
Takings to Aug. 1.. .. 2,997,

Spinners’ stock Aug. 1

183

more

27,

Consumption

CHRONICLE

covers

so scarce as

the State

to retard the cultivation of the crop.

Charleston Department
of South Carolina, aud is prepared and issued by the

Charleston Cottou Exchange, through their Committee
aud

on

Information

Statistics, composed of A. Nordeu, Chairman, R. D. Mure, and E. C.

Williams.

South Carolina.—53

replies from 27 counties.

The weather for the month of July is generally reported as unfavor¬
able on account of the continued dry and

excessively hot weather,

causing rust and shedding in various sections.

One reply reports more
favorable, 4 the same as last year, 48 unfavorable to very unfavorable.
No lands are reported as abandoned. The crop is seriously
injured by
the drouth. The plaut is small and boiling badly. Two counties report
injury from lice. Tbe average estimates as to the out-turn of the crop ig
from oue-fourth to one-third less than last year. Picking will be general
from the 20th of August until the 1st of September.

Savannah

Department*

This report covers Northern, Middle and Southwestern Georgia, (being
all of Georgia except the twenty-eight
counties in charge of the Augusta
Cotton Exchange) and the entire State of Florida. The report is pre¬

pared and issued by the Savannah Cottou Exchange, through their Com¬
mittee ou Information and Statistics, composed of J. H. Johuston,
Clavius Phillips, J. J. Wilder, F. M. Farley and R. C. Wood.

Georgia*—88 replies from 54 counties.
The weather

during July has been irregular, partial rains and very
hot, dry weather prevailing. Where the rains have falleu light the crop
has been reported desirable; iu the dry, hot section the reverse. The
plant is reported variously. Blooming, forming aud boiling well, in
inauy sections small, aud in some shedding and rusting. But little
injury has been done so far. The general tenor of the advices concern¬
ing the crop is on the whole not indicative of a favorable coudition. It
is fair to say that the reports are not so good as they were last year.
Picking has commenced in the lower counties, and will bo general from
tlie 20th to the 25th. The general impression is that with a seasonable
August a large amount of the injury reported may be repaired, aud that
a late fall will further increase the yield.
Judging from the advices
received there seems to be such a feeling in the minds of most of the
writers. The new cotton received, about 60 bales, shows no evidence of
premature development and is exceptionally good in color aud charac¬
ter. The weather since August 1 has been showery, and doubtless the
needed moisture has benefltted the suffering sections.

Florida.—22

replies from 13 counties.

The weather in

July was favorable,except in a few instances, in which
it was reported as having been too dry. The average tone of the advices
is as good as last year. The plant is blooming, forming and boiling well.
The condition of the crop is reported as being very good, and the pros¬
pects about the same as last year. The picking of uplands will be
general on tbe 15th; Sea Islands, tbe 1st of September. Injury by cater¬
pillars is not apprehended. Therb is a marked absence of the oom-

plaiuts usual at this period.

Augusta Department
the Counties of Georgia not included in the Savannah Report,
and is issued by the Augusta Cotton Exchange, through their Com¬
mittee on Information and Statistics, composed of L. L. Zulavsky, Chair¬
man; Geo. W. Craue, S. M. Whitney, J. J. C. McMahan and W. M.
Jordan.
covers

Georgia.—61 replies from 18 counties. Average date, July 30.
Five

correspondents report favorable weather; one favorable for early
cotton, unfavorable for late; 55 as unfavorable. Some report excessive
heat and no rain during the mouth; soino partial showers in small
localities; others good

seasons

till the 10th

or

favorable.

ASttli, but generally

un¬

Eight replies report weather as more Favorable ; 11 about
tbefsame as last year; 42 less favorable: some report high range of
thermometer, with continued hot winds, very damaging to the crop.
Seventeen reports state that the cotton plant is forming, blooming and
boiling well; 11 about the same as last year; 33 as unfavorable, gener¬
ally shedding all tbe first taken ou; some report that the plant has shed
nearly all of the June crop. Eight correspondents report condition
good; 9 about the same as last year, 44 as not good, early cotton as
stopped growing and shedding badly, late cotton small and not taking

much fruit. Six reports give the condition of the crop as better than
last year; 1 as five per cent better; 1 twenty five per ceut better; 16 as
about the same; 22 as not as good; 8 at ten to twenty-five percent
worse; 6 as thirty to fifty per cent, and 1 as not more than one-third of
a crop.
Thirty-three correspondents report picking will commence
from 10th to 20th of August; 28 from 25tli of August to 1st September.
Some sections report early cottou ou uplands scorched by the liot
on

winds, causing it to turn yellow and shed its leaves as well as fruit.
Some reports of rust, but not general. Our reports show quite a large
per cent of the crop late cotton, which did not come up iu early spaing,
in consequence of late planting, and dry weather, the growth of which
has been retarded by tbe drought in July, aud is now very small and
has taken ou but little fruit. Nearly all agree that without plenty of
rains during August, aud favorable weather the remainder of the
season, the crop must be a short one.

Mobile
the State of

Alabamfo

Department

far north as the summit of the Sand
Mountains, and the following Counties in Mississippi: Wayne, Clark,
Jasper, Lauderdale, Newton, Kemper, Neshoba, Nebaboe, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Pontotoc,
Prentiss, Alcorn and Tisbamiugo. The report is prepared and issued by
the Mobile Cotton Exchange, through tlieir Committee on Information
aud Statistics, composed of T. K. Irwin, Chairman, Julius Buttuer, S.
Haas, G. Thos. Cox aud G. L. Hopkins.
covers

as

Alabama.—02 replies from 37 counties.
July is reported as favorable for the growth and
development of the crop in 17 counties and.unfavorable in 20 oounties,
and as compared with last year equally as favorable to more favorable
in 19 counties. The plant is reported as forming, blooming and boiling
The weather for

well in 28 counties, and not well in 9 counties. The present condition
of the crop is reported as fair to good in 28 counties and poor in 9 coun¬
ties, and as compared with last year good to better in the most produc¬
tive counties and not so good in the small upland counties ou account of
drouth.
Picking will be general from August 15 to September 1,
according to the location of the counties. Worms in small numbers are

reported iu most of the lowlaud couuties, but no damages therefrom
as

yet.

"i**

•V-'i;

-

[ [Yol. xxxm.

THE CHRONICLE.

180

to-night also give j

In addition to above exports, our telegrams
the following amounts of cotton on
the ports named. We add similar figures
ns

prepared for our special use
Lambert, 60 Beaver Street. '

are

On

Aug. 12, at—

Great

Shipboard, not cleared—for
Other

France.

Britain.

fill

shipboard, not cleared, at j
for New York, which
by Messrs. Carey, Yale & ■

Foreign

Coast¬
wise.

ip|

P 00“

7»wS>-

fO O

|2S|
2

®
d*® ®

00 ®

jr

'vS?

K-w

p ct rt

Hi
co

©

Leaving
Stock.

Total.

M

New Orleans
Mobile
Charleston
Savannah
Galveston
New York
Other ports

1,726

None.
None.
None.

None.
None.
None.
Non*.
None.
None.

1,511

2,100
1,000

Total
*

11,475

-

99
None.
None.
None.
None.
300
200

None.
25
130

a©«§

3,325
16,991

’

209,065

18,905

200 bales at presses for

W

Sat.
8*3
9*8

Ordin’y.$flt>
Strict Orel..
Good Ord..
Btr. G’d Ord
Low Midd’g
Btr.L’w Mia
Middling...
Good Mid..
Btr. G’d Mid

10«8
1130

U1316
12h6

129J6

12J3le

Midd’g Fair 139i6

U616

Fair

Ordin’y.ifilb
Strict Ord..

8%
930

8710
9*16

foreign

TEXAS
Sat.

fflon Toes

8%
938

95le

Wet

Th.

Frt.

S7i0

87i0
9*i0

8710

9*i«

Wed

8**16
96i6

9*16

10*4

10

Tit.

1013i6
11016

12*16

12*10

12

Fri.

.

Quiet and steady

Total
The dally deliveries

•vj

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to to

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to

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Wed

8**16
9°i6

9*16

10*4

10*4

Tit.

Frl.

8**10
95ie

8**10

10*4

13

13

13

13

13

13

13%
14*2

13%
14*2

13%
14*2

13%
14*2

13%
14*2

13%

Mon Toes Wed

8*8

8*16

9*4

9316
91&i6

8*10
93,0
9*Bio
11*4

•

•

•

TRAN8IT.

ConSpec- 1Yan- Total.
sump. uUt'n sit.

204
365
349
728
473

.j..
....

124
164
61

11
95
12

1,007

....

232

3,126

349

....

_

_

_

_

....

....

given above are aotnaliy

The Sales and Prices of Futures are

©:

| ©to

££to

M M CO
M

9 9©

Mo

coco©

MM

00 |f*

I ©

M M 03

Frl,

8*16

8*16
93,6
9*5i0

9*5i0
11*4

11*4,

FUTURES.

Sales.

Deliv¬

eries.

29,800

200
4o0

46,400

1,200

25,700

1.100

37,000

1,0C0

73,000

200

3,707 236,500

4,100

204
479
473
903
629

24,600

1,019

MM©

MM©

to®

tOM©

to
C< W

OCn

?«:
MM©

MO©

delivered the day preshown by the follow¬

ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales:

toco

to

©

©•.

©:

14*2

Tit.

93i 0

00 00

If* M

8^16

12*4
12%

314

♦

WM

10*4

12*4
12%

10

o-i

MM

12*4
12%

11B10 11516 11*4

66©

mo*

to

wto

^mO

12*4
12%

10

99©

66<

coco'

oo<

149i0 14016 114*2

12*4
1*2%

8*8
9*4

O'O'

MMW

13*16
13*3i6 13*316 13%

12*4
12%

lb.

66

©©<

MM

12

••••••*

co

66
wo

MM

12

12*2
12%
13*2
14*4

oo

O'

13

Tious to that on which they are reported.




M

m©

H-*»— O'

HHiL

6

to

12*4

12

.

..

I ©w

1213i6 1213i6 12%
13*10

8**ie

9510
10*4

115s

12

Ex¬

.

Tco©<o

O'O'

®

to©:*

ft

MM

10*4

12

port.

Tues. Dull at *10 dec
Weak
"Wed
Thurs Weak

66

coo

9B10

115s

12BA6

Fri.

8**16

SALKS OF SPOT AND

...

wo?
to to

to to

Htio

MARKET A1H) SALES.

.

•

8**16

8%
938

12

Middling...

Bat.. Dull.
Dull and easy
Mon

M QD

*<

8. § u
ftS 5

66©

12

Sat,

CLOSED.

©©"

.6*Mm©
^tOcso
m©2

66

HPo)
to too

11%

STAINED.

SPOT MARKET

*3 © •■*

to to

10016 1013i6 !O*3i0 101316 10*3ie 10*3-10 1013i6
ii6ia 11*16 11910 11010 11010 11016 11016

Good Ordinary....
Strict Good Ordinary.....
Low Middling

*

MM

•

10^16 lOBie
io^s
1078

105i8 IO&16 IOI4
105s
10016 1078 1078 io;316
115a
11016
1138
H510 115s
12*10 12*10 12
1U316 list
12&10 12&i0 1214
121i0 12
121^6 12*316 12%
129ie 12^
121516 12% ' 131,6 13*i6 13
13916 13ia 131316 131316 13%
145lC 1414 14016 149i0 I4ia

10
Good Ord.. 10
Btr. G’d Ord 10016 10010
Low Midd’g 116x6 11&16
Btx.L’wMid 11% 11%
12
Middling... 12
1*2*2
Good Mid.. I2*a
12%
Btr. G’d Mid 12%
13*2
Midd’g Fair 13*2
14*4
Fair......:. 14%

g©,r*§
PM©®

eL?

H

Mon. Toes

8%
930

8**10

10

10h6 io*i«

®m

GOOD

Sat.

Hou Toes

8*a
9^8

®M

cn

O

Hi

to to

I ©y

speculation in cotton for future delivery has been quite
slow for the week under review, the aggregate of transactions
falling much below the average, and the course of prices has
been quite irregular, the most important features being a down¬
ward tendency for August and upward tendency for the more
distant months of the next crop, causing a narrowing of the
range of values paid. This was especially the case on Tuesday
and Wednesday. Saturday and Monday were generally weak.
September only has shown much activity. There was a pur¬
pose to " corner ” that month, but the indications of early pick¬
ing which were received from all parts of the cotton-growing
region, together with the large visible supply and the evident
purpose of holders to move stocks freely, were obstacles in the
way of success. Yesterday there was a general advance at the
close, the reports of the Southern Exchanges having been more
To-day there was a
or less unfavorable, except from Mobile.
further and more uniform advance, but the close was dull. Cot¬
ton on the spot was dull, and on Tuesday quotations were
reduced l-16c.' To-day there was a fair demand for home con¬
sumption, and middling uplands closed at 12c.
The total sales for forward delivery for the week are 236,500
bales. For immediate delivery the total sales foot up this week
3,707 bales, including 232 for export, 3,126 for consumption,
349 for speculation and — in transit. Of the above, 250 bales
were to arrive.
The following are the official quotations and
sales for ?ach day of the past week.
NEW ORLEANS.

o

E-j ®m *■?
©©*3 g©&2

O

to©

The

Aug. 6 to
Aug. 12.

Wo?

b_,

H4

O

23,766

cannot learn.►

UPLANDS.

h-©®

D

110,619

-2,000
1,300

^

o*'

,_j

CCM

Included in this amount there are

ports, the destina.ion of which we

O

625

1,550

294

599

1,726

16,086

50,599
3,140

13,300

None.
None.
25
130
39
None.
100

*
Includes sales in September for September, 621,400; Sept.-Oct. for
Oct., 946,500; Sept.-Nov. for November, 762,100; Sept.-Dee. for Decem¬
ber, 1,464,500; Sept.-Jan. for January, 2,588,900; Sept.-Feb. for

Feb¬

2,372,700; Sept.-March for March, 3,466,100; Sept.-April for
April, 2,595.800; Sept.-May for May. 2,156,400; Sept.-June for June,
2,224,500 ; Sept.-July for July, 1,767,000.
'
Transferable Orders—Saturday, 12*15; Monday, 12*15; Tuesday,
12*10; Wednesday, 12*10; Thursday, 12*10; Friday, 12*20.
The following exchange has been made during the week:
•58 pd. to exch. 100 Oct. for Sept.
The Visible Supply of Cotton, as made up by cable and
h, is as follows. The Continental stocks are the figures

ruary

turday, but the totals for Great Britain and the afloat
this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Aug. 12), we add the item of exports
from the United States, including in it the exports of Friday only;

for the Continent are

Stock at Liverpool.... ...bales.
Stock at London

Total Great Britain stock
Stock at Havre
Stock at Marseilles...,
Stock at Barcelona...,

Stock at Hamburg—

.

1881.

1880.

1879.

1878.

767,000

696,000
55,200

469,000
52,440

587,000
14,750

807,900
187,000
3,600
36,600

751,200
71,200
8,740

521,440
106,000

601,750
156,250

4,300

5,000

40.900

59.100

2,100,
22,500

3,500

6,000
31.000

7,250

9

H
I!

m

.

August

flfiHflif

-'vr'

1881.

52,600
36.700
3.900
2,500
10,700
337,900

fitoclr at Bremen
bales.
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’ntal ports.

1880.

1879.

38.000
16,100

26,500
29,100

45,000
9,000

981

100

6.500

26,400

6,200

17,250

228,401

196,400

312,500

Total European stocks.. ..1 ,145.800
India cotton afloat for Europe. 231,000

979.601
181.000

717,840

914,250
205,000

23.000

14.000

porta....

2,880

315,000

Egypt. Brazil,&c., aflt for E’r’pe 227,970
Stock in United States ports ..
23,017
Stock in U. 8. interior ports...
3,800
United St* tea exports to-day..

151,989
19,440

239,000
!l 37,000
United States stock
227.970
United States interior stocks..
23,017
United States exports to-day..
3,800

93,000
151,989
19,440

851,429

..1,223,787

Total American

Indian,Brazil, <6c.—
Liverpool stock
East

174,000
40.900
98.900
231,000
23,000

London stock

Continental stocks *
India afloat for Europe

Egypt, Brazil, &c.,afloat....
Total East India, <kc
Total American

55,200

110,401
181,000
14,000

567.800

587,601

.1,223,787

851,429

.

1,791,587 1,439,030
'
6%d. 6i316d.

Total visible supply
Price Mid. Upl., Liverpool

The above figures

227,000

O

1,000

indicate an increase in

31,000
101,125
5,619

3S.OOO
56.310
3,797

1,000

1,000

629,744

829,107

126,000
52,440
48,400

122,000

315,000

14.750
47,500
205,000

2,000

16,000

513,840

629,744

Week

ending—

May 27
June 3

405.250
829,107

the cotton in sight

867,462

635,602

174,000

227,000

126,000

Liverpool stock

40,900
98,900
231,000

London stock

Continental stocks
India afloat for Europe

110,401
181,000

“

10

“

....

17

“

24

July

1

“

8

“

15

“

22

"

29

Aug. 5
“

20

Receipts at the Ports.

PLANTATIONS.

Stock at Interior Ports Rec’pts from
1879.

1880.

1879.

1881.

1879.

1880.

1881.

17,113
11,089
0,012
7,188
0,293
3,037
3,032
2,809
3.272
2,503
3,915
3,403

23,704

80,851 42.198 143,241 132.471
32,042 37.570 130,035 123,342
29,432 32,429 115,038 98,428
23.216 29,308 90,190 88,232
23,470 25,2*3 81,172 81,875
20,062 22,388 75,103 69,988
19.163 20.091 71.950 04,212
18.199 15,328 00,198 54,777
19,302 .14,410 £0,002 48,397
10.151 13.06G 49,031 40,920
17,818 13,049 41,507 38,820
13,062 11,477 35.473 43,305

23.074

18,580
19,870
23,511
17,057
14,070

10,091
13,148
10,859
8,932
8,091

Plant'ns.
1881.

1880.

7,882
5,550
0,401- 11,008
2,963
1,471
1,022
4,005
8,493
2,210
802 10,988
1,335 10,917
4,939
8,612
2,154
•

11,074

23,513
4,518

18,022
17.119

8,775

13,387
8,704
12,982

2,029
3,028

3,828

8,680

858

13,718

1,890

2,057

19,001

The above statement shows—
1. That the total receipts from the plantations
1880-81 were 5,773,878 bales; in 1879-80 were

1878-79 were 4,451,742

since Sept. 1 in
4,936,747 bales; in

bales.

the past week
plantations was
only 19,601 bales, the balance going to increase the stocks at the
interior ports. Last year the receipts from the plantations for
the same week were 2,657 bales and for 1879 they were 1,890 bales.
Weather Reports by Telegraph.—During the past week the
weather has been favorable in the greater portion of the South.
In Texas the drought has been succeeded by very beneficial
showers, and reports are very favorable. The accounts from
portions of Alabama, Georgia and Mississippi, however,
That, although the receipts at the out-ports
were 13,063 bales, the actual movement from
2.

some
are

less favorable.

Galveston,

Texas.—We have had

good showers on five days

rainfall

past week, and a splendid rain is now falling. The
one inch and eighty-two hundredths.
Most sections
have now had rain, doing immense good.
Crop accounts are
more favorable.
Picking is progressing finely; 412 bales of new
831,543 cotton were received this week, making 472 bales thus far. The
thermometer has ranged from 74 to 93, averaging 84.
122,000
14,750
Indianola, Texas.—It has rained splendidly on four days the
47,500
past
week, the rainfall reaching two inches and sixty-five hun¬
205,000
16,000 dredths. We have at last had enough rain for a while. Crop

52,440
48,400
315,000

55,200

^

^

RECEIPTS FROM

1,173,584 1,234,357
638:1.
69i6d.

1,244,135

Plantations.—The following table is

~

'

than the same week

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.

to-night of 352,557 bales as compared with the same date of 1880,
an increase of 618,003 bales as compared with 1879 and an in¬
crease of 757,230 bales as compared with 1878.
In the preceding visible supply table we have heretofore only
included the interior stocks at the5 seven original interior towns.
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
That difficulty no longer exists, and we therefore make the fol¬
lowing comparison, which includes the stocks at the nineteen
towns given weekly in our table of interior stocks instead of only
the ola seven towns. We shall continue this double statement for
a time, but finally shall simply substitute the nineteen towns for
the seven towns in the prece
preceding table
1878.
1879.
American—
1881.
1880.
465,000
Idverpoolstock....
bales 593,000 469,000 343,000 265,000
239.000 118,000 148,000
Continental stocks
38,000
American afloat to Europe
137,000
93,000
31,000
56,310
United States stock..,
227,970 151,989 101,125
6,238
43,365
35,473
11,477
United States interior stooks..
1,000
United States exports to-day..
3,800
1,000
Total American
East Indian, Brazil, die.—

the

from

966 bales more

than another, at

1,439,030 1,173,584 1,234,357
other descriptions are as follows:
465,000
343,000
593.000 469,000
265,000
148,000
118,000

Liverpool stock
Continental stocks
American afloat for Europe....

towns have been

Receipts

1,791,587
Total visible supply
Of the aDove, the totals of American and
American—

same

last year.

38.000
16.000
56.310
3,797

31,000
2,000
101,125
5.619
1,000

93.000

137,000

Amer’n cotton afloat for Eur’pe

the

1878.
34.250

400

Total continental

181

CHRONICLE.

13, 1881.]

2,000

the

reached

favorable. Picking is progressing finely.
thermometer
83, highest 93 and lowest 72.
Total East India, &e
567,800 587,601 543.840 831,548
Corsicana, Texas.—1The weather has been warm apd dry
Total American
1,244,135 867,462 635,602
during the past week. Crop accounts are more favorable'. Cot¬
Total Visible supply
1.811.935 1,455,063 1,179,442 1,236,798 ton
is opening rapidy ana picking is progressing finely. The
PB" The imports into Continental ports this week have been thermometer has averaged 86, ranging from 74 to 100.
16,300 bales.
Dallas, Texas.—The weather has been warm and dry during
These figures indicate an increase in the cotton in sight to¬ the
past week. We have had no rain here, but it has been rain¬
night of 356,872 bales as compared with the same date of 1880, an ing all around ns. Crop accounts are more favorable generally,
increase of 632,493 bales as compared with the corresponding and picking is beginning. A
little new cotton is coming in.
date of 1879 and an increase of 575,137 bales as compared with
Average thermometer 86, highest 100 and lowest 74.
1878.
Brenham, Texas.—The weather has been warm and- dry
At the Interior Ports the movement—that is the receipts during the past week. Last week’s splendid rain amounted to
and shipments for the week, and stocks to-night, and for the one inch and fifty hundredths; another such rainfall would be
corresponding week of 1880—is set out in detail in the following beneficial, bat we are not suffering. Crop accounts are more
Egypt, Brazil, <fec.,

23,000

afloat

14,000

accounts are more

405,250

Average

favorable and

statement:

Week ending

Aug 12, ’81.
.

Receipts. Shipm’ts
428
86
46
82
15
743
182

Augusta, Ga

Columbus, Ga...

331
395
344
320

Stock.

4,486
217

Week

ending Aug 13, ’80.
.

Stock.

Receipts. Shipm'ts

3,231
2,247

822

97
37
12
20
40

141

784

472
46
150

picking is progressing

finely. New cotton is

beginning to move rapidly. The thermometer has ranged from
75 to 98, averaging 86.
Waco, Texas.—The weather has been warm and dry during
the past week. Rain has fallen in some sections, but need more
everywhere. ' Picking has begun. The thermometer has aver¬
aged 86, ranging from 74 to 96.

the
eighteen
hun¬
Selma, Ala*
239
1,403
1,092
Memphis, Tenn..
1,147
Nashville, Tenn.
generally .
616
4,181
low
23,017
3,264
1,582
Total, old ports..
The
32
76
Dallas, Texas.
and bottom lands.
Tex...
Jefferson,
Average
thermometer
86,
highest
104
and
lowest
73.
1,238
280
Shreveport, La..
15
29
25
424
141
Vicksburg, Mississippi.— Telegram not received.
Vicksburg, Miss.
Columbus, Miss..
Columbus, Mississippi.—It has been showery in this local¬
1,000
io
676
16
31
Eufaula, Ala....
566
19
ity
on two days the past week, the rainfall reaching fifty-seven
Griffin, Ga
7,169 hundredths of an inch.
105
Caterpillars are reported everywhere,
3,700
2,910
2,399
Atlanta, Ga.....
821
543
80
57
60
46
and
Rome, Ga
great
injury
is
undoubtedly
being done in black lands.
85
143
65
Charlotte, N. C*.
The
thermometer
has
averaged
86,
ranging
from 79 to 96.
4,412
332
1,309
9,119
3,049
St. Louis, Mo
1,362
1,399
720
1,410
Little Beck, Arkansas.—The past week has been excessively
4,300
768
1,137
Cincinnati, O....
hot daring the days, with pleasant nights. The thermometer
4,004 16,033
1,535
7,731 20,348
5,205
Total, new ports
has ranged from 70 to 101, averaging 85.
35,473
Nashville, Tennessee.—We have had rain on one day the
8,185
2,151
43,365
10,995
6,787
Total, all
past week, but it was not general. The rainfall reached one
This year’s figures estimated.
mch and thiry-one hundredths.
Much more rain is badly
The above totals show that the old interior stocks have de¬ needed., Average thermometer 83,
highest 100 and lowest 68.
creased during the week 1,682 bales, and are to-night 3,577
Mobile, Alabama.—It has rained severely on one day, and
bales more than at the same period hut year. The receipts at
Macon, Ga

Montgom’ry.Ala.

..

*




*

29
88

-

210

572

42
211

2,262
1,619
1,200
10,478
2,755

120
244

145
10

40

361

27

29

44

20

20

New Orleans, Louisiana.—It has rained on five days
past
week, the rainfall reaching two inches and
9,193
dredths.
The thermometer has averaged 81.
1,099
Shreveport, Louisiana.—The weather has been
19,440 clear during the past week. The river is one foot above
water mark, having fallen seven inches during the week.
5
18 drought is still severe on cotton on both hill
1,788
498

•

121

30
5
66

7
23

378

■

90

10
46
510

160

THE CHRONICLE.

182

the
week. The rainfall |
tne pant
p
hundredths, Crop accounts |
interior the reports conflict,
there being complaints of the July drought, the recent over¬
flows, rust and shedding. Caterpillars have appeared, though
the injury done is as yet limited; poison is being applied. Aver¬
age thermometer 80, highest 93 and lowest 73.
JMontgomery, Alabama.—We had rain on two days the early
part,of the past week, but the latter portion has been clear and
pleasent, but very hot. The rainfall reached sixty-one hun¬
showery on two
two days,
reached five inches and seventeen
are less favorable, and from the
has been

dredths of

an

inch.

Accounts from the interior

European Cotton Consumption to August 1.—We have received this week, by cable, Mr. Ellison’s cotton figures brought
down to

From Oct. 1 to

-

For

day the
past week, the rainfall reaching eight hundredths of an inch.
The thermometer has averaged 84, ranging from 74 to 94.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
August 11,1881, and August 12, 1880.
on one

Inch.

11

Nashville

Above low-water mark...

8

O
0

10

5

0

Shreveport

Above low-water mark...
Above low-water mark...

1
O
Missing.

18

O

Memphis
Vicksburg

season

was

It is

a

very

convenient and useful

1879-80.

Continent.

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

27,
280,

137,
143,

164,
423,

27,
234,

94.
156,

121,
390,

Total supply....
Consumption in Oct..

307,

280,

218,

587,
489,

261,
201,

250,

271,

200,

511,
461,

3pinncrs’ stock Nov. 1
Takings in November.

36,
316,

239,

98,
555,

000,
282,

50,
190,

50,
472,

Total supply
Consumption in Nov

352,
273,

301,

.

653,
495,

282,
248,

240,
225,

Bpinners’ stock Dec. 1
Takings in December.

79,
371,

79,
315,

158,
686,

34,
323,

15,
322,

Consumption in Dec..

450,
340,

394,
275,

841,
615,

357,
287,

337,
256,

Spinners’ stock Jan. 1
Takings in January..

110,
269,

119,
.241,

229,
510,

70*,
340,

81,
284,

151,
624,

Total supply
Consumption in Jan..

379,
274,

360,
222,

739,
496,

410,
262,

365,
208,

775,

Spinners’ stock Feb. 1
Takings in February.

105,
289,

138,
313,

243,
602,

148,
335,

157,

305,
599,

Total supply
Consumption in Feb.

394,
276,

451,
224,

845,
500,

4S3,
262,

421,
208,

Total supply

It came from S. D. M. Guess, Graham’s Turn Out,
Barnwell County, and was consigned to Pelzer, Rodgers' & Co.
It classed middling, and was sold on Monday, August 8, to T.
G. B. Lucas, at 11% cents per pound. Last year the first bale
was received August 12 at Charleston.
New Cotton at Louisville.—The first bale of new cotton
from Alabama was received at Louisville, Wednesday, August
10. It was consigned to Payne, Viley & Co;, of Louisville, by
.

nent.

-

221,

Total.

522,
473,

.

49,
645

'

694,

543,

470,

264,

470,
°

434,
518,

345,
645,

Total supply
Consumption in Mar.

453,
345,

537,

990,
62o,

499,

280,

327.

453,
259,

952,
586,

Spinners’ stock Apr. 1
Takings in April

108,

257,
263,

365,
528,

172,
260,

194,

265,

284,

366,
544,

373,
276,

520,

432,
262,

910,

224,

893,
500,

478,

Consumption in April

206,

468,

Spinners’ stock May 1
Takings in May
,

97,
306,

296,
351,

393,
657,

170,
211,

272,
235,

442,
446,

Total supply
Consumption in May.

403,
276,

-647,
224,

1,050,

381,
262,

507,
212,

888,
474,

Spinners’ stock June 1
Takings in June

127,
297,

423,
334,

550,
631,

1*19,

295,
285,

414,
601,

757,
280,

1.181,
625,

435,

580,
260,

1,015,

327,

428,
405,

'

278,

500,

n

316,

213,
240,

904,

-

227,
310,

Total supply

I

Conti-

118,
335,

Total supply

Jos. Hardie, of Dallas County, Alabama, and sold on Board of
Trade to H. W. Davis for 34 cents per pound. It is from the
“
Lellner cluster seed,” and weighed 491 pounds. Last year the

62,

222,

Great
Britain

Total.

Takings in March

Spinners’ stock Mar. 1

day, Aug. 6.

Consumption in June.

424,
345,

Spinners’ stock July 1
Takings in July

79,
269,

477,
209,

556,
478,

108,
225,

320,
180,

348,

686,
224,

1,034,

833,

500,

333,
262,

500,

276,

208.

470,

72,

462,

534,

71,

292,

363,

shading being done in order to affect sales. Bagging has sola
Total supply....
in fair parcels, and is moving off in moderate parcels, but in
the aggregate a considerable amount of stock has been disposed Consumption in July.
of. Quotations are 9%@10c. for 1% lbs., 10%@10%c. for 2lbs., Spinners’ stock Aug.l

‘and 11
for 2% lbs. Butts have not been very active, but a
fair inquiry is reported for small lots. Prices are still firmly

435

975,662,190 2,097,319,290

Great

cents per pound.
New South Carolina Cotton.—The first bale of the new crop
of South Carolina cotton was received at Charleston on Satur¬

*

4,815,830

423

Britain

on

.first’bale was received at Louisville August 21.
Jute Butts, Bagging, Etc.—There has not been any change
of moment in this market, and but little of interest has occurred.
.Prices continue to be steadily held, and we do not hear of any

439

2,306,530

1880-81.

00Os omitted.

Monday, August 8, which is ten days earlier than last year. It
was raised by James F. Jenkins, of Rutherford, and classed
strict low middling. It was sold to T. H. Mason & Co., at 50

-

season.

July 1.
Bales of 400 lbs. each.

Missing.

received at Nashville

and last

Oct. 1 to

County, consigned to Hill, Fontaine & Co., and classed strict
good middling. It was sold at auction on Monday to G. Falls
& Co., at 25 cents per pound, and shipped by them to Gunn
& Co., Cohoes, N. Y. Last year the first bale was received at
i
Memphis August 19.
cotton

5,202,560

Summary.

New Tennessee Cotton—The first bale of new cotton from
Tennessee was received at Memphis, Saturday, August 6. It
was raised by R. S. Stinson on President Island, in Shelby

new

1880-81.

According to the above, the average weight of the deliveries
pounds per bale to August 1, against 450
pounds to July 1. The Continental deliveries average 428
pounds, against 432 pounds last month. The consumption the
past month (stated in bales of 400 lbs. each) has been, in Great
Britain, 276,000 bales (or 69,000 bales per week), and on the
Continent, 224,000 bales (or 56,000 bales per week), as stated
below. In the following table we give the stock held by the
mills, their takings and their consumption, each month since
October 1, all reduced to bales of 400 pounds each for this

reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871. or 16 feet above low-water mark at that point.

The first bale of

Total.

,

in Great Britain is 450

New Orleans

.

Continent.

For 1879-80.

Feet. Inch.

No gauge.
Above low-water mark...
8
11
..

Great Britain.

Aug. 1.

2,509,300
Takings by spinners., .bales
447
Average weight of bales....
Takings in pounds..
1,121,657,100

Aug. 11, '81. Aug. 12. 80.
Feet.

seasons.

2,664,440
2,538,120
Takings by spinners.. .bales
450
428
Average weight of bales....
1,198,998,000 1.036,315,360
Takings in pounds

The thermometer has ranged

Below high-watermark

the

bales for the two

'

New Orleans

have

we now

cable the revised totals for last year as well

correct

Madison, Florida.—We had rain on four days the early
part of the past week, but the latter portion has been clear and
pleasant. We hear rumors of the appearance of caterpillars,
put think them of little importance. Average thermometer 83,
highest 90 and lowest 76.
Macon, Georgia.—We have had rain during the past
week, but not enough to do much £ood. The army worm has
made its appearance in this vicinity, and much damage is
feared. The thermometer has averaged 80.
Columbus, Georgia.—We had rain on two days the earlv
part of the past week, but the latter portion of the week
has been clear and pleasant. The rainfal. reached forty-eight
hundredths of an inch. Reports of the crop are conflicting.
Rust is developing badly. The thermometer lias ranged from
77 to 94, averaging 87.
Savannah, Georgia.—It has rained on three days the ast
week, and the balance of the week has been pleasant, Th
me
rainfall reached one inch and seventy-eight hundredths. Aver¬
age 82, highest 96 and lowest 70.
Augusta, Georgia.—We have had heavy general rain on
fouraays of the past week, the rainfall reaching three inches and
The rain was very beneficial. The weather is
one hundredth.
very warm, and crop accounts are favorable. Average ther¬
mometer 81, highest 97 and lowest 71.
Atlanta, Georgia.—It has rained on one dav the past week,
the rainfall reaching fifty-four hundredths of an inch. The

1

our

figures for this year, so that the reader may have a
comparison. First we give spinners’ takings in actual
bales and pounds since October 1, with the average weight of

as

*

Charleston, South Carolina.—It has rained

August 1. As stated in previous months,

included in

conflict¬

are

ing! several sections report rust developing badly, and shed¬
ding. The thermometer has ranged from 71 to 97, averaging 82.
Selma, Alabama.—The weather has been warm and dry
during the past week. Caterpillars have appeared, though the
damage done is as yet limited. The thermometer has ranged 1
from 73 to 88.

weather is exceedingly oppressive.
from 69 to 98, averaging 80.

fVot. XXXIII.

587,

striking comparison with last year is reached by
do not hear of any parcels moving under our
bringing
together
the above totals and adding the average
quotations, which are 2 13-16@2%c. for paper grades, and
weekly consumption up to this time for the two years. 4:
#3%c, for bagging quality.

held, and




we

A

more

August 18,

THE CHRONICLE.

1881.]

1879-80.

1880-81.

Oct. 1 to Aug. 1.

Bales of 400 lbs. each.
000« omitted.

Great

Conti¬

Britain

nent.

Total.

Great

Conti¬

Britain

nent.

Total.

137,
2.71S,

164,
5,715,

27,
2,804,

94,
2.440,

5,244,

Supply

3,024,

5,365,

5,345,

2,831,
2,760,

2,534,

2,952,

2,855,
2,393,

5,879,

Consumption

2,242,

5,002,

534,

71,

292,

363,

SpinEers’ stock Aug. 1

72,

462,

121,

Weekly Consumption.

sections is

000 omitted.

In December

68,0
68,0
63,0

In January

68,5

In February

69,0
69,0

In October
In November

In March

In

April

69,0

In

May

69,0
69,0
69,0

In June
In

July

55,0

123,0

58,0

50,0

108,0

55,0

123,0

62,0

55,0

123,0

55,5
56,0
56,0
56,0
56,0
56,0

124,0
125,0
125,0
125,0
125,0
125,0
125,0

64,0
65,5
65,5
65,5
65,5
65,5
65.5

50,0
51,0
52,0

112,0
115,0
117,5
117,5
117,5
117,5

56,0

65.5

52,0
52,0
52,0
53,0
52,0
52,0

.

118,5
117,5
117,5

The foregoing shows that the weekly consumption in Europe
for July was 125,000 bales, of 400 pounds each, against 117,500

bales for the

month of 1680.
Cotton Exchange Reports.—As the main facts

Weather, Forming, Blooming and Bolling, and the Condition,
we have, for the convenience of our readers, brought together
Tinder each State the conclusions reached by the Exchanges on
these points.
North Carolina.—(Norfolk Exchange) says: Forming, Blooming
Bolling—59 report well, 11 not well.

Conditions45 report

etter. 25Picking—
poor; 39Average
food,
report ofnot
so good
as will
lasthave
year,begun
20 same,
11
replies
report
gener¬

ally by September 10 to 15.

South Carolina.—(Charleston Exchange) says:

Forming, Bloom¬

ing and Bolling—Plant small and boiling badly. Condition—Crop
seriously injured by drought.
Picking—WiR be general from
August 20 to September 1.
Georala.—(Savannah Exchange) says: Forming, Blooming and Bollinp—Well. Condition—Not favorable;, not so good as last year.
Picking—Commenced in lower counties, and will be general from
20th to 25th.

(Augusta Exchange) says: Forming,Blooming and Bolling—17
report well; 11 about same as last year; 33 unfavorable. Condi¬
tion— 8 report good; 9 about the same as last year; 44 not
good;
compared with last year. 6 report better, 1 reports 5 per cent
better, 1 says 25 per cent better, 16 about same, 22 not as good,
8 at 10 to 25 per ceiit worse, 6 as 30 to 50 per cent worse, and 1
not more than one-third crop. Picking— 33 report will commence
from August 10 to 20, and 28 from August 25 to Sept. 1.
Florida.—(Savannah Exchange) says: Forming, Blooming and Boll¬
ing—Well. Condition—Very good, prospects about the same as
51

last year. Picking—Of uplands
Islands about September 1.

will be general on the 15th; Sea

Alabama.—(Mobile Exchange) says: Forming. Blooming and Boll¬
ing—Well in 28 counties, not well in 9 counties. Condition—AX
present reported fair to good in 28 counties and poor in 9 counties;
compared with last year, good to better in most productive coun¬
ties and not so good in small upland counties. Picking—Will be
general from August 15 to September 1.
Mississippi.—(Mobile Exchange) says: Forming, Blooming and
Bolling—Well. Condition—At present fair to good, but plant small
in hill counties; compared with last year reported as good to much
better in 12 counties, and not so good in 7 counties. Picking—
Will become general from August 15 to September 1.
(New Orleans Exchange) says: Fanning, Blooming and Boll¬
ing—Well in bottom lands, but in uplands shedding badly. Condi¬
tion— At present good, but does not compare favorably with last
year. Picking— Commenced in upland counties, and will become
general about August 20.
(Memphis Exchange) says: Forming, Blooming and Bolling—
18 report well, 5 not well. Condition—8 report good, 6 moderately
good, 9 poor; compared with last year, 6 report better, 4 about
same
and 13 not so good. Picking—Will become general from
August 10 to September 20; average date August 28.
Louisiana.—(New Orleans Exchange) says: Forming, Blooming
and Bolling—Well up to 15th ult., since then shedding and rust.
Condition—At present is fair; compared with last year, not near so
good or promising. Picking—Will be general about August 15.
Texas.—(Galveston Exchange) says: Forming, Blooming and Boll¬
ing— 45 report well, 18 fairly, and 35 not well. Condition—33
report at present good, 35 fair, 30 not good; 13 report condition
better than last year, 15 same, 70 not as good. Picking—31 report
commenced August 1, 36 that will commence on August 15 and
31 on August 2d.
Arkansas.—(New Orleans Exchange) says: Forming, Blooming and
Bolling—Plot well. Condition—At presen t not good, and compared
with last year it is worse. Picking—Will become general about
Aug. 25. s
(Memphis Exchange) says: Forming, Blooming and Bolling—
16 report well, 12 not well.
Condition—7 report good, 8 moder¬
ately good, 13 poor; 1 reports better than last year, 2 report about
same and 25 not so good.
Picking—Will become general August
15 to September 20; average date September 1,
Tennessee.—(Memphis Exchange) saysi Forming, Blooming and
Bolling—16 report well, 15 not well. Condition—10 report good,
5 moderately good, 16 poor; 6 report better than last year, 4 about
same, and 21 not so good. Picking—Wi'l become general from
August 15 to September 15; average date September 1. (Nashville Exchange)—No report.

Cotton Exchange Reports
in

for August.—We publish below,
full, the Cotton Exchange condition reports for August:
Norfolk Department.

The Norfolk Cotton Exchange, through their Committee on Information

and Statistics, composed of Louis
Hilliard, Chairman,
and John C. Maximos, issues the following
report,

W. D. Rountree,

covering the State of

Virginia and the following Counties in North Carolina: Rutherford,
Lincoln, Catawba, Rowan, Davidson, Iredell, Burke, Wilkes, Caldwell,
Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey, Rockingham,
Caswell, Person, Granville, Warren, Franklin, Nash, Wake, Hyde, Pitt,
Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin, Bertie,
Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northampton

and Halifax.

North Carolina and Virginia*—170 replies from 36 counties;
average date July 30




so scarce as

to retard the cultivation of the crop.

Charleston

.

Department

the Slate of South Carolina, and is prepared and issued by tho
Charleston Cotton Exchange, through their Committee on Information
and Statistics, composed of A. Norden, Chairman, R. D. Mure, and E. C.
Williams.
covers

South Carolina.—53 replies from 27 counties.
The weather for the month of July is generally reported as unfavor¬
able on account of the continued dry and excessively hot
weather,
causing rust and shedding in various sections. One reply reports more
favorable, 4 the same as last year, 48 unfavorable to very unfavorable.
No lands are reported as abandoned. The crop is seriously injured
by
the drouth. The plant is small and boiling badly. Two counties
report

injury from lice.

The average estimates as to the out-turn of the crop is
from one-fourth to one-third Jess than last year. Picking will be
general
from the 20th of August until the 1st of September.

Savannah Department.

same

Summary of
covered by the Cotton Exchange Reports this month are the

and

Thirty-five replies show favorable weather; 35 unfavorable; 12 show
favorable weather than last year; 14 same as last year, and 44
less favorable than last year. Fifty-nine replies show that the plant is
forming, blooming and boiling well, and 11 not well. Forty-five replies
show the condition of the crop good, and 25 poor. Thirty-nine
replies
shoW the condition of the orop not so good as last year; 20 same as last
year, and 11 better thau last year. The average of the replies shows
the condition of the crop 5*35 per cent lower than last year. Some few
replies indicate that picking will begin by August 25. The average of
the replies Bhows that picking will have begun generally by September
10 to 15. The tenor of the replies indicates that the plant is
snail,
caused by drouth, which was general and severe to July 25. Since that
time rains have afforded relief. They further show that much damage
can be corrected by a favorable season in
August. Accounts of lioo are
more frequent, and are reported from 11 counties.
Labor in some

more

27,
Spanners’ stock Oct. 1.
2,997,
Takings to Aug. 1 - - - -

;

183

This report covers Northern, Middle and Southwestern Georgia,
(being
all of Georgia except the twenty-eight counties in charge of the Augusta
Cotton Exchange) and the entire Stale of Florida. The report is
pre¬
pared and issued by the Savannah Cotton Exchange, through their Com¬
mittee on Information and Statistics, composed of J. H. Johnston.
Clavius Phillips, J. J. Wilder, F. M. Farley ana R. C. Wood.

Georgia.—88 replies from 54 counties.
The weather

during July has been irregular, partial rains and very
hot, dry weather prevailing. Where the rains have fallen light the crop
has been reported desirable; in the dry, hot section the reverse. The
plant is reported variously.

Blooming, forming and boiling well, in

sections small, ana in some shedding and rusting. But little
injury has been done so far. The general tenor of the advices concern¬
ing the crop is on the whole not indicative of a favorable condition. It
is fair to say that the reports are not so good as they were last year.
Picking has commenced in the lower counties, and will be general from
the 20th to the 25th. The general impression is that with a seasonable
August a large amount of the injury reported may be repaired, and that
a late fall will further increase the yield.
Judging from the advices
received there seems to be such a feeling in the minds of most of the
writers. The new cotton received, about 60 bales, shows no evidenoe of
premature development and is exceptionally good in color and charac¬
ter. The weather since August 1 has been showery, and doubtless the
many

needed moisture has benefltted the

Florida.—22

suffering sections.

replies from 13 counties.

The weather in July was favorable,except In a few instances, in which
was reported as having been too dry.
The average tone of the advices
as good as last year.
The plant is blooming, forming and boiling welL
The condition,of the crop is reported as being very good, and the
pros¬
pects about the same as last year. The picking of uplands win be
general on the 15th; Sea Islands, the 1st of September. Injury by cater¬
pillars is not apprehended. Therb is a marked absence of the oomit
is

plaiuts usual at this period.

Augusta Department
the Counties of Georgia not included in the Savannah
Report,
and is issued by the Augusta Cotton Exchange,
through their Com¬
mittee on Information and Statistics, composed of L. L. Zulavsky, Chair¬
man; Geo. W. Crane, 8. M. Whitney, J. J. C. McMahan and W. II.
Jordan.
covers

Georgia.—61 replies from 18 counties. Average date, July 30.
Five

correspondents report favorable weather;

cotton, unfavorable for late; 55 as unfavorable.

one favorable for

early

Borne report excessive
during the month; some partial showers in small
localities; others good seasons till the 10th or 12th, but generally un¬
favorable. Eight replies report weather as more favorable; 11 about
thefsame as last year; 42 less favorable; some report high range of
thermometer, with continued hot winds, very damaging to the crop.
Seventeen reports state that the cotton plant is forming, blooming and
heat and

no

rain

boiling well; 11 about the same as last year; 33 as unfavorable, gener¬
ally shedding all the first taken on; some report that the plant has shed
nearly all of the June crop.

Eight correspondents report condition

good; 9 about the same as last year, 44 as not good, early cotton as
stopped growing and shedding badly, late cotton small and not taking

much fruit. Six reports give the condition of the crop as better than
last year; 1 as five per cent better; 1 twenty five per cent better; 16 as
about the same; 22 as not as good; 8 at ten to twenty-five per cent
worse; 6 as thirty.to fifty per cent, and 1 as not more than one-third of
a crop.
Thirty-three correspondents report picking will commence
from 10th to 20tli of August; 28 from 25th of August to 1st September.
Some sections report early cotton on uplands scorched by the Rot
on

winds, causing it to turn yellow and shed its leaves as well as fruit.
Some reports of rust, but not general. Our reports show quite a large
per cent of the crop late cotton, which did not come up in early spaing,
in consequence of late planting, and dry weather, the growth of which
has been retarded by the drought in July, and is now very small and
has taken on but little fruit. Nearly all agree that without plenty of
rains during August, and favorable weather the remainder of the
season, the crop must be a short one.
covers

the State of

Mobile Department
Alabamfa as far north as the summit of the Sand

Mountains, and the following Counties in Mississippi: Wayne, dark,
Jasper, Lauderdale, Newton, Kemper, Neshoba, Nebaboe, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chieasaw, Itawamba, Lee, Pontotoc,
Prentiss, Alcorn and Tisbamiugo. The report is prepared and issued by
the Mobile Cotton Exchange, through their Committee on Information
and Statistics, composed of T. K. Irwin, Chairman, Julius Buttner, fl.
Haas, G. Thos. Cox and G. L. Hopkins.

Alabama.—62 replies from 37 counties.
July is reported as favorable for the growth and
development of the crop in 17 counties and unfavorable in 20 oountiea,
and as compared with last year equally as favorable to more favorable
in 19 counties. The plant is reported as forming, blooming and boiling
well In 28 counties, and not well in 9 counties. The present condition
of the crop is reported as fair to good in 28 counties and poor in 9 coun¬
ties, and as compared with last year good to better in the most produc¬
tive counties ana not so good in the small upland counties on account of
drouth.Picking will be general from August 15 to September 1,
according to the location of the counties. Worms in small numbers are
reported in most of the lowland counties, but ho damages therefrom
as yet.
The weather for

THE

181

[Yol. xxxm.

CHRONICLE.

4. Condition of Crop.—25 report crops in good condition, 19 moder¬
Mississippi.—29 replies, from 19 counties.
ately good and 38 poor.
5. Condition compared with 1880.—13 report in better condition than
The weather daring July is reported as haviDg been favorable in ten
counties, and, as compared with last year, equally as favorable to more last year, 10 about the same and 59 not so good.
6. Colton Picking.—Picking will become general from August 10 tn
favorable in 11 counties and less favorable in 8 counties. The plant is
15. Average date September 1.
forming, blooming and boiling well, there being only one report to the September
7. Miscellaneous.—Uuder this head there is a general complaint of the
contrary. The present condition of the crop is fair to good. The plant,
long-continued drought that has prevailed throughout this entire dis¬
however, is small in the hill counties, and, as compared with last year,
trict during the month of July, which has retarded the growth of the
is as good to much better in 12 counties, and not as good in 7 counties.
Picking will become general from August 15 to September 1. The plant and caused its fruit to mature too rapidly. Eleven report the plant
shedding slightly, and 30 report shedding seriously ; 5 (4 in Mississippi
most general complaint from correspondents in both States has been
drouth, but since the date of their letters good rains have fallen over aud 1 in Arkansas) report the appearance of worms, but no damage hasbeen done.
nearly the whole of our district, doing much good.
Comparative Port Receipts and Daily Crop Movement.—
New Orleans Department
A comparison of the port movement by weeks is not accurate*
oovers that part of the State of Mississippi not apportioned to the Memas the weeks in different years do not end on the same day of the
ie State
Shis
and Mobile
Exchanges;
Cotton south
of Arkansas
of the Arkansas River. The report is pre¬ month.. We have consequently added to our other standing
pared and issued by the New Orleans Cotton Exchange, through their tables a daily and monthly statement, that the reader may
Committee on Information and Statistics, composed of Wm. A. Gwyn,
constantly have before him the data for seeing the exact relative
Chairman, Chris. Chaffe, Jr.,W. H. Howcott, W. A. Peale, Chas. Holland
movement for the years named. The movement each month
and A. L. Browne.
Louisiana.—118 replies from 33 parishes; average date since September 1 has been as follows:
July 31.
Year Beginning September 1.
Monthly
The weather for the month was unfavorable, owing to the protracted
1875.
1876.
1877.
1878.
Receipts.
1879.
drought. As compared with last year it averages about the same. The
1880.
plant was blooming, forming and boiling well up to the 15th ult., but since
169,077
98,491 236,868
then the shedding and rust are much complained of. The present con¬ Sept'mb’r
288,848
458,478 333,643
dition is fair, and. as compared with last year, not near so good or
610,316
675,260
578,533
689,264
888,492
Ootober..
968,318
promising. Picking will be general about August 15. Many parishes Novemb’r
901,392
740,116
779,237
822,493
942,272
1,006,501
report worms, but no damage has been done to the crop. Drought Iras
stunted the plant and caused premature opening of the bolls. This is
893,664 900,119 787,769 821,177
Deceinb’r 1,020,802
956,464
especially the case in the hill parishes.
689,610 500,680 637,067
618,727
647,140
571,701
January
Mississippi.—112 replies from 34 counties; average date July February. 572,728 447,91? 566,824 472,054 449,686 479,801
.

the entire Slate of Louisiana, and

.

~

132.WFoeamthingr—7

‘

.

31.

dry and favorable
favorable than last year.
the bottom lands, but in the

The weather throughout the month was generally
for cleaning the crops, but it it reported as less
The plant is blooming and forming well in

uplands they are shedding

badly and the plant has

stepped growing,
the crop

causing premature opening. The present condition is good,
being clean and well worked, though tbe plant is very small.

The con¬
not compare favorably with last y^ar. The picking has
in all the upland counties, and will become general about
There is much complaint of the excessive drought, causing

dition does
commenced
August 20.
rust and shedding.
counties.

Army and boll worms

Arkansas.—135 replies

have appeared in many

from 31 counties; average

date July

31.

The weather lias been unfavorable throughout almost the
trict, and, compared with last year, has been less favorable.

entire dis¬

The plant
weather
stopped its growth. The present condition is not good, and compared
with last year it is worse. The average date when picking will become
general is August 25. There is universal complaint of dry weather,
is not blooming

aud forming well.

The excessively dry, hot

fact, serious damage has resulted iu
has been extraordinarily severe. In
of worms is reported, though no damage has

which has stunted the plants. In
the hill lands, where the drought
some cases

the appearance

occurred.

"

March...

April....
May
June

July

476,582
284,216
190,054
131,871
78,572

261,913
159,025
110,006
88,455
54,258

303,955
167,459
84,299
29,472
13,988

340,525

197,965
96,3 L4
42,142
20,240

-

182,937
100,194

300,129
163,593

68,939

92,600
42,234
29,422

36,030
17,631

Total year 5,759,853 4,891,586 4,435,737 4,258,486 3,957,388 4,085,531

Pero’tage of tot. port
receipts July 31...

97-79

99*74

97-99

98 00

97-48

This statement shows that up to July 31 the receipts at the
ports this vear were 868,267 bales more than in 1879-80 and
By adding
1,324,116 bales more than at the same time in 1878-79
to the above totals to July 31 the daily receipts since that time*
we shall be able to reach an exact comparison of the movement
for the different years.
1881.

1880.

1879.

1878.

1877.

1876.

Tot.Jly31 5,759,853 4,891,586 4,435,737 4,258,486 3,957,386 4,085,531
635
421
139
419
8.
3,592
Aug. 1
“
724
264
507
1,465
1,519
2....
2,838

Department
504
861
395
S.
2,394
3....
2,477
covers the State of Texas, aud was prepared and issued by the Galveston
846
452
8.
562
1,191
4....
3,038
Cotton Exchange’, through their committee ou Information and Statistics,
834
8.
596
698
1,303
*3,705
5....
composed of J. D. Skinuor, Chairman, Chas. Kellner, H. Dreier, J. M.
839
8.
509
330
1,891
King and Robt. Boruefeld.
^ *
1,783
6....
618
529
666
1,141
S.
1,526
7....
Texas.—130 answers from 98 counties.
247
310
1,168
S.
1,182
3,424
8..i.
Forty-six report the weather as favorable in July, 52 unfavorable and
700
364
527
1,082
1,298
1,900
9....
too dry; 19 more favorable than last year. 13 the same as last year, aud
245
764
463
8.
66 less favorable than last year. Forty-live report the plant as forming,
1,444
10...
1,615
531
blooming and boiling well, 18 fairly. 35 not wall. Thiriy-three report
8.
776
1,038
1,354
11...
2,110
the present condition good. 35 fair, 30 not good. Thirteen report the
8.
712
764
1,084
827
12
2,230
condition better than last year, 15 the same as last year, 70 not as good
as last year.
Thirty-oue report picking commenced on August 1, 36
5,783,535 4,906.333 4,442,168 4,26 4$39 3,962,228 4,095,351
that it will commence on August 15, and 31 on August 25.
Nineteen Total
counties state that worms appeared, bat very little damage is reported.
Percentage of total
97-71
98 12
9313
99=8
9S 03
Memphis Department
port
Aug.l 2
A correction of previous receipts of 147 bales added.
covers the State of Tennessee west of the Tennessee River, and the fol¬
lowing Counties in Mississippi: Coahoma, Panola, Lafayette, Marshall,
This statement shows that the receipts since Sept. 1 up to
De Soto, Tunica, Benton ana Tippah, aud the State of Aransas north of
to-night are now 882,252 bales more than they were to the same
the Arkansas River. The report is prepared and issued by the Memphis
Cotton Exchange,
through their Committee on Information and day of the month in 1880 and 1,346,417 bales more than they were
Statistics, composed of Henry Hoitcr, Secretary and Superintendent to the same day
of the month in 1879. We add to the table
W, B. Galbreath, Chairman, David P. Hadden, Willi am Kowles, Sr.
the
total port receipts which had been received to
percentages
of
George H. Latham, J. T. Petit, R. L. Coffin, C. B. Clarke aud G. S
Maelaren.
August 12 in each of the years named
West Tennessee-—36 responses.
India Cotton Movement from all Ports.—The figures which
Wcalhei—6 report the weather for the month of July favorable aud 25 are now collected for ns, and forwarded by cable each Friday, of
unfavorable, on account of excessive drought. Compared with 1880—
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.*
6 report more favorable and 25 less favorable.
Forming, Blooming and enable
ns, in connection with our previously-received report from
Bolling—16 report the plant forming, blooming and boiling well and L5 not
well. Condition of Crop—10 report crops iu good condition, 5 moderate¬
Bombay, to famish our readers with a full and complete India
ly good, and 16 poor. Condition Compared with 1880—6 report in bet¬ movement for each week. We first give the Bombay statement
ter •ondition, 4 about same, and 21 not so good.
Cotton Ticking—Pick¬ for the week and year, bringing the figures down to August 11.
ing will become general from August 15th to September 15th; aver¬
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
age date, September 1st.
North Mississippi.—23 responses.
Receipts.
Shipments since Jan. 1.
Shipments this week.
Weather—6 report the weather for the month of July favorable and
Since
This
Conti¬
Great
Great Conti¬
17 unfavorable, on account of excessive drought.
Total,
Compared with Year Brit’n.
Jan. 1.
Total. Britain nent.
Week.
nent.
1330—7 report more favorable and 16 less .favorable. Forming, Bloom¬
ing and Bolling—IS report the plant forming, blooming and boiling 1881
801,000 6,000 1,127,000
6,000 6,000 12,000 280,000 521,000
well and 5 not well.
Condition of Crop—8 report crops in good condi¬
826,000 8.000 1,053,000
3,000 352.000 474.000
1880
3,000
tion, 6 moderately good and 9 poor. Condition compared with 1880—6
770,000
567,000 3,000
323,000
244,000
7,000
1879 3,000 4,000
report in better condition, 4 about same and 13 not so good. Cotton 1878 1.000
1,000 287,000 386,000 673,000 2,00o 844,000
Picking—Picking will become general from August lOtb to September
20th; average date, August 28tn.
According to the foregoing, Bombay appears to show a,
decrease compared with last vear in the week’s receipts of 2,000
North Arkansas.—28 responses.
Weather—5 report the weather for the month of July favorable, and 23 bales, and an increase in shipments of 9,000 bales, and the
unfavorable, on account of excessive droutb. Compared with 1880—3 shipments since January 1 show a decrease of 25,000 bales.
report more favorable and 25 less favorable. Forming, Blooming and The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
Bolling—16 report the plant forming, blooming and boiling well and 12
the same week and years has been as follows.
not well. Condition of Crop—7 report crops in good condition, 8 mod¬
CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHES.
good
13
Compared
icith
1880—1
reports
in
better
erately
aud
poor.
condition, 2 report about same and 25 not so good. Cotton Picking—
Shipments since January 1.
Picking will become general from August 15th to September 15th; aver¬
Shipments th is wee/c.
age

Galveston

“

a

“

“

“

“

“

“

“

*

“

...

*

date, September 1st.

Year.

Aggregate—82 responses.

been favorable,

report the weather for the month of July as having
and 65 unfavorable, on account of excessive drought.

compared with 1880.—16 report the

able and 66 lees

favorable.

woather more favor¬

Blooming and Bolling— 50 report the
blooming and boiling well aud 32 not well.



“

plant forming,

L881
1880
1879.
1878

Great

Conti¬

Britain.

nent.

6,000
2,000
7,000
3,000

2,000
1,000
4,000

Total.

Great

Britain.

Conti¬
nent.

8.009

166,000

3,000

198,000
181,000

67,000
79,000
101,000

92,000

48,000

11.000
3,000

Total.

233,000

277,000
282,000
140.000

that the movement from
is 5,000 bales more than for the
of India, therefore, the total

•The above totals for this week show
the ports other than Bombay
same week last year.
For the whole

correspond¬
follows.

shipments this week ard since Jan. 1,1881, and for the
ing weeks and periods of the two previous years, are as

Liverpool, steam d. 732®932 723®932 732 5>932 732®932 732®932 732®93*
■

sail...<f.

Do

sail

Do

alt Europe

Bremen, steam, .c.

(0

from— -

Do

801,000
233,000

12.000

Bombay
All other p’rts.

8,000

3,000

826.000

3,000

277,000

6,000 1,103,000

20,000 1,034,000

Total

Since
Jan. 1.

This
week.

Since
Jan. 1.

This
week.

7,000
11,000

567,000

18,000

849,000

282,000

the
three

This last statement affords a very interesting comparison of
total movement for the week ending Aug. 11, and for the

Baltic, steam

Receipts and Shipments.—Through arrangements
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
Alexandria

have made

we

and shipments for the past
of the previous two years.
Alexandria, Egypt,
Aug. 11.

week and for the coiresponding week

1,000
1,667,000

3,204,000

2,775,000

To Liverpool
To Continent

Since

Sept. 1.

Sept. 1.

250 292.030
809 177,397

2,000 403,455

1,059 469,427

98 lbs.

shows that the receipts

week
been

Sept. 1.

as

JJp ds

d.

878®
878®
87e®
878®

9%
9*2
9 *2
9%

512®7
512®7
5%®7
5%®7

8
15
22
29

9

9%

6
6
6
6
6
6
6
6

Aug. 5

9

ii
ii

II

12

®

®

9% 6

S78®

6

600 171,400

79,700

12:30p.m

-

60/00

1,730
5,700
44,000
4,400
3,500

3.500

6,100
801,000

780,000

613,000

597,000

.

.

19,000
186,000
86,000

9
9
9
9
9

8.

@8
®8
@8
®8
@8

5%®7

d.

8%
8*2
8%
8%

63ie
63ie
63i6
63iq
65! fi
69,6

0
0
0
0
0
8

61I16
61316

613,6
6%

d.

d.

d.

s.

9*2 ©10*4 6
9% ®10% 6
9
® 93i 6
9
® 9% 6
6
9*4 ®10
6
9% ®io
930 @10*4 6
9% ® 10*4 6
9x4 ®1018 6
9% ® 97e 6

Shirtings.

TTplds

d.

s.

d.

7%®7 7%
4%®7 7*2
4%®7 6
7%@7 6
7%®7 7*2
7%®7 7%
7%®7 9
7%®7 9
7%®7 9
7%®7 9

44,000
1,860
3,500

44.500
4,000

33,000
2,200

32.500

41.500

29,000
.

202,000
95,000

?

5 p.m.

J

2,900
3,300

3,200
767,000

593,000
35,000
33,000
192,000
87,000

are as follows:

Liver¬

pool.

Philadelphia

6,876
11,810
3,664
3,661
4,574
2,660

Total

33,245

"New¬

castle. Havre.
100
158

6l316
6i31(,
63*
6%

6l3i0
67a

61310
61316
61310
61310

the United

......

arranged in our usual
Brer

Ham¬

men.

burg.

360

9o0

Tera
Cruz.

Total.

8,444
486

175

12,296
3,664
3,836
4,574

2,660
158

100

535

the past week have been as

950

486

follows:

down.

35,474

irregular.
63*

61310

613i0

6%

678

—

—

—

—

Flat and

Dull.

Friday.
Mod.

Inq.
freely
supplied.
6%

6i3ie
—

—

}

1,000

)

678®2732
62732

d.

given

Low Middling olause,
Delivery.

d.

6

Sept. Oct

6*13

53i32®6
I Oct.-Nov
'32

6%e

6*13

Monday.

..

TUESDAY.

69a

6®6i32
61316
63ie
Aug.-Sept
..61316 Sept.-Oct
Sept.-Oct— 6^16®1132
Wednesday.
Nov.-Dee

Aug.-Sept

Steady.

Nov.-Dee

6H32

Oct.-Nov

^13ie-1 Nov.-Dee., i
6i310 I Sept.-Oct

Aug

Dull.

1,000

Saturday..

Sept.-Oct

Aug

8.000

8,000
1,000

Liverpool for the same week are

at

the basis of Uplands,

Delivery.

d.

Aug.-Sept
Aug

Dull
but
steady.

Dull.

Very dull.

Flat.

8,000
1,000

7,000

8,000
1,000

6,000
1,000

Aug.-Sept

d.

Wednes. Thursday.

Tending

gi3i«
678

678

Nov.-Deo

6

Oct.-Nov

6iie

8ept.-Oct..
...6i310 Nov.-Dee
6is16

6616

Sept.-Oet
Sept.-Oct

Nov.-Dee..

.......61 ig

Dec.-Jan

6

61132®%
6H32

Thursday.

61316

Aug.-Sept..

..6*8

Oct.-Nov

particulars of these shipments,

Tuesday.

Dull
and
easier.

The actual sales of futures
below. These sales are on
unless otherwise stated.

••••...•

Cotton freights

Market.

5 P. M.

have reached

New York
New Orleans
Texas
Baltimore
Boston

J

Augl
Mid.

.

the
have

Delivery.

8*4 u>8.

.

Aug. 12.

3,900
777,000
592,000

39,000
27,000
186,000
91,000

31.000

Futures.

GotVn

32s Cop.
Twist.

•

*10
B16

Aug. 5.

July 29.

51,000
3.500
3,200
37,500 ;

hales.

inq.
freely
supplied.

Spec.cfe exp.

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 ail vessels cleared up to Wednesday
night of this week:
Total bales.
New York—To Liverpool, Der steamers Bothnia, 656
City
of Berlin, 966
Italy, 1,913....
City of Brussels, 327
Lassell, 2,281
6,143
To Liverpool, via Barrow, per steamer Italia, 733
733
To Newcastle, per steamer Northern, 158.
158
To Havre, per steamer Labrador, 100.
100
To Bremen, per steamers Rhein, 100
Weser, 260
360
To Hamburg, per steamers Frisia, 450
8uevia. 500
/
950
New Orleans—To Liverpool, per steamers Alvah, 2,216
Bolivar, 4,082
Borinquen, 2,212
Statesman, 3,300... 11,810
To Vera Cruz, per schooner Seguin, 486
486
Texas—To Liverpool, per ship Julius, 3,664
3,664
Baltimore—To Liverpool; per steamers Californian, 1,331
Elvira, 199
Thanemore, 2,131
3,661
To Bremen, per steamer Leipzig, 175
175
Boston—To Liverpool, per steamers Bavarian, 1,968
Glamor¬
gan, 117
Malta, 235
Missouri, 1,567
Olympus, 547
Peruvian, 140
4,574
Philadelphia—To Liverpool, per steamers British Crown, 1,160
Lord Clive, 1,500......
2,660
Total.......H......M*».i
3d,474




616

Mod.

?

Sales

35,474 bales.

form,

“16

c.

Saturday Monday.

Mid. Upl’ds
Mid.Orl’ns

600 251,100

Shipping News.—The exports of cotton from
States the past week, as per latest mail returns,

The

d.

....

510
*10

510
510

510
5I6

516
5I0

•

%

%

,

....

....

....

mm + m

•

•

....

%

follows:

Spot.

1880.

8% lbs.

d.

9%® 9%
9%® 9%
9%® 9^

%

38®%

Liverpool market for spots and futures each day of
ending Aug. 12, and the daily closing prices of spot eotton,

Market,

Shirtings.
s.

li

%

%

Of which exporters took ....
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d

and the shipments to all Europe

CotVn
Mid.

d.

ii

....

Sales of the week

for the week ending

1881.

July 1

38®%

....

July 22.

Manchester Market.—Our report received from Manchester
to-night states that prices are lower for both twists and shirtings,
and that the market is inactive. We give the prices of to-day
below, and leave previous weeks’ prices for comparison:

17
24

38®%

....

,

«•

August 11 were 1,500 cantars
were 2,000 bales.

ii

%® *2

....

m*

'

Since

This
week.

Since

This
week.

2,000 248,750
154,705

Total Europe

ii

%®%

•

•

%®%

me tone of tne

Exports (bales)—

J’nelO

....

%® %

| * Compressed.

Market,

32s Oop.
Twist.

....

Amount afloat.
Of which American

1879.

1880.

1,500
This
week.

This statement

....

....

....

of the week
Of which American

1881.

This week...;
Since Sept. 1

A cantar is

%® %

Total import

Receipts (cantars*)—

*

%® *2

38®%

Liverpool.—By cable from Liverpool, we have the following
statement of the week’s sales, stocks, &c, at that port:

to date, at all India ports.

years up

sail

Do

....

....

....

*

•

•

*S82*

1332*

1332*

1332*

....

••

% ®%

sail...*?.

„

•

%®%

c.

Hamburg, steam.d.
Do
sail...<L
Amst’d’m, steam.e.

1879.

1880.

Since
Jan. 1.

This
week.

•

•

....

....

...

.

1S32*

1332*

c.

sail

-

....

Havre, steam—c.

Do

1881.

Fri.

Thurs.

Wednes.

Tues.

Mon.

Satur.

INDIA.

EUROPE PROM ALL

EXPORTS TO

Shipments

185

THE CHRONICLE

13; 1881.1

August

6%8

6II32

Sept. Oct
Friday.

Aug
Aug.-Sept

Sept.-Oct

61316^2732

..613i6@2732
6 % ® 1332

Oct.-Nov
Nov.-Dee
Dec.-Jan

BRE

6532'3>3,6 Jan.-Feb.'
6332@ % Mar.-Apr
6332

Nov.-Dee

6332

ADSTUFFS.
Friday, P.

There was some

6833

6^33.

improvement in the flour

M.. Aug. 12, 1881.

market early in the

wheat than
from activity in the demand or scarcity of supply. Still, the
better grades of extras from spring wheat, ranging from $6 to
$6 50 per bbl., were taken quite freely by shippers, and the
offerings were quite moderate. The low grades, which had

week, but more from

for some

sympathy with the advance in

time attracted

tively neglected,
has become

the most attention, were compara¬

and in the past few days the whole market
To-day there was a steadier feeling and

quiet.

rather more doing.

market early in the week was active for specula¬
the stronger accounts from Europe. There was also a

The wheat

tion, on

pretty fair export demand, but the speculative
restricted the volume of business for shipment,

values much

and the prin¬

account was in the execution of old
best sustained for cash and August,
there being a considerable re-action toward lower. prices for
October contracts. Receipts at the Western markets have been
a more liberal scale, and last week (reducing the flour to
wheat) they were only 20 percent less than for the correspond¬
ing week last year. To-day the speculative excitement was re¬
newed, and No. 2 red winter advanced to $1 33% for Septem¬

cipal movement for this
orders.

The advance was

on

ber and $1 36 for October.
Indian corn has been fairly

active, but at variable

and some-

THE CHRONICLE.

186

[vol. xxxia
%

what irregular prices. The movement has been more liberal at
the West, while the recent advance in price checked the demand.
Bains have also materially improved crop prospects, though it

Domestic Cotton Goods.—The exports of cotton goods for
the week ending August 9 were 3,558 packages, including 1,327

is still

to China, 726 to Great Britain, 367 to Brazil, 285 to Chill, 225
to British Honduras, 142 to United States of Colombia, 134 to

65c. for

Central America, 111 to Hamburg, 90 to Hayti, 73 to Venezuela,
&c. There was a good, steady movement in brown, bleached

probable that the yield will fall below last year's. To¬
day the market was quite buoyant, No. 2 mixed advancing to

September and 67%c. for October. i
Bye has been quiet but firm, and to-day <$ar lots sold at 90c. and oolored cottons, cotton flannels, &c., in execution of baek
Barley is still more or less nominal; but No. 1 Canada is orders, and new business was of fair aggregate proportions,
reported offered for October at $1 per bushel.
though selections were chiefly confined to relatively small
Oats have been quite irregular.
The choice grades are parcels of the various kinds. Prices ruled very firm on all the
advanced materially. The market was also stronger
delivery; but yesterday there was a decline for
mixed in all positions. To-day the market was very irreg¬
ular; white very scarce and nearly nominal; No. 2 mixed de¬
clined to 43c. on the spot, but advanced for futures; September
selling at 39%@40)4c., and October at 40@40%c., closing at the
topfigures.
The following are closing quotations:
scarce, and
for future

Flour.

Grain.

Ho. 2 spring... $ bbl.

3 65
3 60® 4 00
4 50® 4 80
4 30® 4 60

$3 359

No. 2 winter
Winter superline

•

Spring superline

Spring wheat extras..

4 90® 5
6 25® 6
5 75® 6
5 00® 5
5 65® 7

do XX and XXX...
Wis. A Minn, rye mix.
Winter shipp'g extras.
do XX andXXX...
Patents
1

15
75

00

Wheat—

50
25

South'n

ship'g extras.
Bye flour, superline..

51

® L
®1
®1
®

West. No. 2.

60

®

Western yellow..
Western white

59
61

®

South,

60
63

yellow

South, white
7 50
6 00
5 65

5 40®
5 40®

Com meal—

® l

i 15

...

6 50

83

Oats—Mixed

41

White

3 30
3 50

3 00®
®

1 32
1 20

Rye

.®.
.®,
.®.

State, Crowed...
Peas—Can’da.b.&f.

30

62

66
93
45
52
®l 10

1 00

State, 4-rowed...

M7*2
35
32*2
62
63
65
63

®
®
®
®
®
®

47

Barley—Canada W.

Western, Ac
Brandywine, Ac

®1 30

1 26

Red winter
Red winter, No. 2
White
Corn—West, mixed.

6 00® 800

City shipping extras. 6 25®
Southern, bakers' and

$1 10

Spring
Spring, No. 2

•

•

•

desirable plain and colored cottons, and stocks are in re¬
markably good shape. Print cloths have been quiet, and prices
were a fraction lower on the basis of 3 13-16c., 3%c. (less 1
per
cent) for extra 64x64s, 3%c. flat for “standards”, and 3 5-16c. flat
most

for 56x60s.

Prints

demand for dress

•Domestic Woolen Goods.—There was a steady inquiry for
small duplicate parcels of fancy cassimeres, worsted coatings*

overcoatings, &c., by the clothing trade, resulting in a fair ag¬
gregate business, and considerable deliveries of these fabrics
were made by agents on account of previous orders.
The best
makes of men’s-wear woolens are closely sold up, and prices are

generally firm. Cloakings were fairly active—though some
irregularity was noticed in the demand—and a fair business
was reported in repellents, leading makes of which are in light
supply. Kentucky jeans were more active in jobbers’ hands,
and

a

fair distribution

was

made

by agents.

Linseys met with

moderate sales, and there was a continued good business in
worsted dress fabrics. For flannels and blankets the current
demand was somewhat light, but fair deliveries were made on
account of back

(From the “ Neio York Produce Exchange Weekly.")

fairly active, and there was an active
ginghams and fancy cotton dress goods.
were

orders, and stocks

well in hand that

are so

firmly maintained. Shawls, felt skirts, hosiery and
Exports from United States seaboard ports and from Montreal
for week ending Aug. 6,1881:
knit underwear were severally in fair demand and steady in
Wheat,
Flour,
Com,
Oats,
Eye,
Peas,
price.
^
•
From—
bbl s.
bush.
bush.
bush.
bush.
bush.
Foreign Dry Goods.—The demand for imported goods has
New York
84,762
863,854 1,100,972
4,261
7,391
3,071
been irregular, but upon the whole more active than of late.
Boston
21,202
79,278
211,131
Portland
Fancy dress goods have.met with liberal sales, but staple dress
Montreal
3,768
188,606
662
80,631
45,119 fabrics were mostly quiet.
Black and colored silks have re¬
250
135,342
Philadelphia..
3,766
409.538
prices

are
.

■

10,051

701,177

2,863

43,052

Total for w’k 125,922
Same time'80. 119,992

4,559,819

Baltimore

New Orleans..

The visible

2,288,505

455,748
101,236
2,085,060
2,391,345

5,173

93,064

7,391
100

supply of grain, comprising the stocks in

48,190
11,625

granary

at the

ceived more attention from retailers, and there was a fair
business in velvets, plushes, &c. Men’s-wear woolens were a
trifle more active, but sales were mostly restricted to small
lots of the finer grades. Linen goods ruled quiet and steady,
and white goods were lightly dealt in; but imitation laces
and Hamburg embroideries were distributed in considerable

principal points of accumulation at lake aDd seaboard quantities.
ports, and in transit by rail and water, Aug. 6, 1881, was as
follows:

Wheat,

In store at—
New York
Do. afloat (est.)

CornOats,

bush.

bush.-

5,171,700
250,000
8,000
231,737
3.848,389

Albany.'.
Buffalo

Chicago
Milwaukee

30,000

414,000
988,108
197,637
50,000
633,923

Oewego
St. Louis
Boston
Toronto
Montreal

Tot. Aug.

6. 1681
July 30. *81
July 23,’81
July 16.’81
July 9. ’81
Aug. 7, ’80

11,569

4,740

574,366

43,420
3,688

4,524
60,000

39,832

bush.

12.000

26,271

126 861

61,624

4,592
5,273

275,837

112,984
302,316

41,454

*46

228,136

110,000
35,593

339,000

14,288

15,000

2,000

4,267

973,641

95,071
407,522

1,652

115,872
744,661
1.153,000
330,000

49.960
2,481,131
2,529,000
757,000

1,742
991,672

63.379

1,670

7,824

18,332

380,000

10,143

14.136
530

importations of ,dry goods at this port for the week
ending Aug. 11,1881 and since January 1, and the same facts
for the corresponding periods of 1880, are as follows:
p

E

DRY

GOODS

O

e; *• p1

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wholesale and retail

buyers, and considerable Itansactions were
reported in foreign silks, fancy dress goods, <6c. There was a
further improvement in the jobbing branches of the trade, and
a very fair business in staple and department
goods was done
with retailers from Texas and other remote markets in the

steadily maintained on nearly all
descriptions of foreign and domestic goods,-and the stocks
resting between manufacturers and jobbers are exceptionally
small for this stage of the season.

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2,50792 368.49

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250.521
183,836
117,028
114,077
128.664

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3

co

sr

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1

29,311

week’s business have been fairly sat¬
isfactory to all concerned in the distribution of dry goods.
There was a continued good demand for prints, ginghams,
dress fabrics, &c., at first hands, and further large deliveries of
staple cotton and woolen goods were made on account of former
orders. Imported goods have received more attention from




*

'

g E

The results of the past

Values

E

CO

So

Fridat. P. M;, Aug. 12, 1881.

South and West.

f*5wSc

ct-

top

THE

n
p

n

2

25,000

17.539,095 15.891,283 7.404,713 ‘125,573
16,772,508 15,928,014 7,373,306 124.808
15.621.G15 15,951,573 7.510,563 133.736
14,823,393 15.979,164 7.217.764 154.958
15.619,976 15,528,581 7,465,147 '171.611
14,791,197 16,647,605 1,465,517 (169,717

Importations of Dry Goods.

The

CP

469,352
407,203

337,000
151,676

Baltimore
Down Mississippi.
On rail
On lake
On canal

7,533

bush.

'

30,214
116,378
191,787
491,441
10,179

Philadelphia
Peoria
Indianapolis
Kansas City

'•

Rye,

31.000

305,692 1,569,242
2,499,679 2,030,679

1,099,752

Duluth
Toledo
Detroit

bush.

2,939,778 1,570,176
1,200,000
200,000

Barley,

©ao

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or.