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W xtmtk

AND

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

YOL

.NEW YORK, AUGUST

43

AMERICAN
YORK.

Alfred H. Smith

IUot«mUW

lar*.

BOND*. P08TACC A MEVCNUI tTAMM.
LICAL TCNDCM AND NATIONAL BANK
MOTtS of the UNITED STATE*! and for

•a

nwM

iraaiii

BrBn.

aafSMuaM

t>

ri.ATWi>

rorarr etcnavoBi^

(.

SOLID SILVER.

GORHAM

i

M'fg

Co.,

P.

Porram. Praal.

J.

Houghton

:

B

Bros.

&

Co.,

niLWAPKBB, WIS.
OOIXBCnoNS BUda

la

aaj part of the eoaatrr

AaooonU o( Baoka, Xerohaau aad

at lowaat ralaa.

Maverick National Bank,
B0«T05I.

••..••• «400,000
BVBPLL'B, •••••••• 400,000

ManfeaaU' HaUooal Baak aad Baak of Nortk Ai
"
MarcliaaU'
,CtataMO< Mat.
laa. New Tork
;

artaa WatlntMil. Bntwi.

M^ikw* n.

CAPITAL,

r.

aad PhUadalphla Stoafc Biithaniaa.

&

H. Taylor

L.

Co.,

BANKKRS.
B.

Floyd-Jones

Robison,

• Kz«kaBc« 0«Br«, H»'m Yarlu

iMMi. Bgada aB4

BowM

Wh.

O.

.

aad loM

Modem a

D. Probst
Sa

& Kellogg,

BANUIItB AND BBOKXB8.
<T>y, Hair T«rk.
Tt * ••

f

Baak of I nadna
Ba, aad San Sloaka aad Boada far lataafaut or
oa Marda.

eaakara Naw T*rk B«»> BxahaBS*.

TINKER * WESTON,
BT

OO

Naar Tark.
nwBiB. MaBfcar H. T.

Stoak Baak.

C

17

T

,

STOCK BROKER.
Lansdale Boardman,
NBW TOBB, BO BROADWAY AS NKW ST.
TB«T,

N. T.,

•.

BANKEBS.
Ac St Naaaaa St., Near Tork.
BaeelTe deposit* and nnnslananati of Bankio.
Deal In inTsstmant Baaa ntjaa and roralaa Biebanaa and In rite ooi aapnnaaiiua
Parttoaiar attention aWaa to lafofal Ian raaardlna
In»sataieni Becafli «s.

&

Co.,

BANKBR8 AND BROKERS,
No. S4 Pine Street, New York.
Trsniact s tieoeral Banking BuslnesOi
Btocka and Bonda booabt and sold on CommUalott,
In Mlnlni 8tookB,and In Unllatad
BaenriUaa. CoUaoUoaa aada aad loans naaoUatad.
DiTtdaada aad latdtaat aollaetad.
DapoaHa caaatrad aakjaot to Draft.
Intacast allowed. InTestmeot saoarltlaa a spaoialtr.
Wa Isaoa a rinanoial Report weekly.

Ordan raealrad

}M, nbers of the New Toik
a Wauxxit,
~
Bloek Ezohanaa.
DlCKIKBOai

Kaitk

Janney,

r.

L. Robertson,

J.

BOND AND STOCK BROKER,
Dealer ia Inregtment Secarltles,
No. 7 NASSAU STREET,
(OonttnentAl National Bank Building),

Haw Tark.

Albert Pearce,

Rolston
20

No.

&

failBltaii

16

Bass,

BROAD BTREET. NEW YORK,
STOCKS, BONDS

Ac

18

BROAD

IN

AND DKFAUI-TBD BONDS
COBRB8PONDBNCB SOLICITED.

ANDniSCKLLAKBOUSSRCVBITIEB
Wh.

wjliclted.

guotatlaafaiieerfBllrfamUbed.
W. Alsx. Bass. Jr.

RouiToif,
Meatbar W. T. Btock Baeklja.
II.

Jaaa Howaan Laraaa, rBanauoA W. riRBT

If ihar of N. Y. Btoek Baoikaace.

J.
Ifa.

a

H. Latham

&

Co.,

UNITED BANK BDILDINO,

WALL STBBBT, NKW TORK.
Solkttad.

ST.,

ALL KINDS OF INVB8T1IBKI
BONDS. MISCBLLANBOnS 8BCDB1TIK8

BROKER

17 riBST 8TRBBT.

Mfcanhlai arlfatawliai aO

London.

C. Walcott

J.

Noa. t>

Oonaapoodeooe
•^

BANKF.R8 AND BBOKJUB,

BXCHANSB

lo

i

BO* or BBMaaaa and OaMa Ttaaafara oa tka Caioa

•. S

&

Co.,

BXOBANGE PLAOB.

^^

Chrystie

Maakan NavTorft Steak BwuBmb*

&

Ctaaqraa.

MRMBBRS NBW YORK 8TOCK BZCIIANOB.
Exaente ordarn on Stocka and Bond*

Jos.

DeooaltJ noalTtd rabjaet to ahaek at •Iskt. and
latacaat allowad oa dall, kalaaeaa.
IHnnka Booda. Aa.. booahi and aoM on oommimoa
laHrtlaialShla aad otAar dUaa.
Partlealar attantloo alTao to InfomMtlon raaardlns

P>lTaMw<ratoNawTork.BaHI»ofaandotkarplaea«

WjuiAD Bo

Andrews, Adams

rkaataat BU.,

iBvattaant Saaarttlaa.

Oora
Mr

C. PuiTi>iJoina.

•<

Cor. Tkird

^^

BAKKKm* AND BROKBBB,
II*.

W.

PHILADBLPHIA.

&

Proprietor,)

Jx.,

ANKBBB.

Wou. Oaklar.

W.

Agency,

Cbleaco, lU.,

lATCa Llbrarr of Railroad DoeomenU.
Compataat axpens.

J.

1,

AAA

St.,

SCUDDER,

L.

(

VICX-MLBSIUKTS

Investors'

ILL.

ANSWEKa INgUlRIBS CONCBRNINO
American Stock* and Securities

BroAdw*7 And Miaeteenth Street,
AND 9 HAimV LANK.

W>rh Kt.<«u4 la fli «>i.«f B.IKI.1.
UTtXMttmK ADO Tin HtKVM.

A. 0. (HEPARO.
MeoetHMMN.
TWRO RMEITSOM.
«. . WmXIC.
THEO. H. FIEEUaO. EwfTMitfTraMk

NEW YORK,

lofldenttaJ Reports.

aM<^i^M»—^a—>»< iiiiiiil *>
M» ar la* ca«aMiy.
BArETV PAPER*.
•AFETV COLOR*.
BAU.WAY TIfKrT* "F IMPMnCB
»a«w Car««. I >«> « t^ l»a«aia
aiANK BOOM or CVCAY DCaCAIPTiaM
Mjcrr 0. aOOMU.. fr-Vtrnt.

T. Stock Kzohanira.

8TBEET,

CLABK 8TBEBT, CHICAaO,

S40

Foralsn Covernmonts.
••TKllJIMBJIT* A MB C»BP»BATI»»»,
BBArra. cbkckb, bill* sr kzcbahsb.
•TAXra. *>, la U* ImM >4 aM** artMl> Mrte

WALL

11

334 La Salle

r«B

Co.,

BANKERS AND BROKERS,

The

EMOitATIMC AND PRINTING.
BAjnC KVTBa, HL4BC CrBTiriCATKA. *«!rB«

&

AKD

188 Broadway, Cor. Joha Street

AKD riurraa or

FjiGHAiTEia

Co.,

l.H.WAOooxn.

Frank C. Hollins
Mcmban .V.

&

PORTERS,

Ux •< »W t* >b« T«i*, IM&

mm^r

I^tiuiixctal.

DIAMONDS.

78 TO 86 TRINITY PLACE,

T

1,103.

r.c.H0Li.ns. K. H. Kif nuoK.

Bank Note Company,
hllUlll-

NO.

1886.

^ivauctaL

I^tnaticisl.

NEW

14,

Howard

Lapsley

&

Co.,

BA.NKER8 AND BROKERS,

74 BROADWAY andO NEW
New York.

STREET,

W. H. Goadby &

Co.,

BANKERS AND BROKERS,

No. 24

BROAD STREET,
Now Tark.

THE CHKONICLE.
IPatiliJevB

&

Morgan

Drexel,

and

NEW YORK.
&

Drexel

Drexel,IIarJes

Co.,

& Co

&

Co., Heidelbach,

No. 12 Pine Street,
IS8UK TRAVELERS' CKEDITb. available

39
In all

parts of the World, throuub

Oor. of &th A Cbeatnut 8ts. 31 Boulerard nanaamaim,

PHILADELPHIA

8.

DOMBSTIO Ayo FORBION BANKERS.
Securities
Deposits recelTed subject to Draft.
bongbt and sold on commission. Interest allowed on
Deposits. KorelKn Exchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
all parta of tbe world.
kTBllable

m

lori

mORGAN &

& W. Seligman & Co.

J.

No. 33

CO.,

Brothers 8c Co.,
NEW YORK. Boston.
Phlla.
AND
ALEXANDER RROTTN dc SONS
BALTIMOKK.

Bny and Sell Bills of Exchange
IHKLANl), FRANCB
ON GKEAT BRITAIN ANDHOLLAND 8W1TZ.
QBRMANT, BELGIUM.
ERLANU, NORWAY. DENMARK,
ATallable In any part of the world, Sn Fkancs for
Martinique andGuadaloupe, and in dollars for
in this and adjacent countries.

Jtlake Telegrapblc Trauiirera of money
Between ihia Country and Europe.

ttAKECOI.LECTIONS OF DRAFTS drawn
Canada.

points in United States and
in the U nited States on
foreign countries
ndtbelr London bouse. Messrs. BROWN, 8HIPLBT
A CO., receive accotmts of American banks, firms
and individuals, upon favorable terms.

abroad on

all

and of drafts drawn

&

J.

Stuart

&

J.
33 NASSAU STREET.

Co.,

Payable In any part of Europe, Asia, Africa, Ausand America.
Draw Bills of Exchange and make Telegrapbio
Transfers of Money on Europe and California.

tralia

John Paton & Co.,
BDCCE880RS TO
JESUP, PATON & CO.,
62 'William

Street,

sold.

DRAW ON

BRITISH LINEN CO. BANK, LONDON
SCOTLAND.

BANKERS. LONDON

32

ULSTER BANKING COHPANY,
BELFAST. IRELAND;
AND ON THE

NATIONAL BANK OP SCOTLAND,

&

Sc

KiNNEDT Tod.
H. O. NOBTHCOTE.

J.

&

Co.,

No. 33 Naaaaa Street, New Yolk.
No. 4 Poat Office Square, Boston.
Clrcnlar Letters of Credit for Travelers' Use
Abroad against Cash or Satisfactor}
Guaranty of Re-payment,

KzcbanKe on London, Pari*, Berlin
and Zurich.
.,i
MADE BT CABLI.
dc CO.

Honae—jnUNROB

J.

Act as Agents

CURUE8PUNDENT8 UP THE

International Bank of London

(Limited), Loudon.
nieaars. Jolin Itereiiberg, (jioasler 4c Co.
llauiburK.
neiiars. narcoard, Kranaa A. Co., Pari*

ALEXANDER BARINO.

&

&

Canndiun Bank of rommcrce.
CAPITAI,

i,

U.

tfl.OOO.OOa

UOADBV &

SCKPLCg, 12.100.000.
B. E. WALKER,

JOINT AGENTS,

1«

EXCHANGE PLACE, NEW YORK

BUT AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.
IMJB COMMERCIAL CREDITS' AVAILABLE
IN ALL PARTS OF THE WORLD.

Street Railroad

for Banks, Bankers

AKD ALL KINDS OW

DEALT
Member N.Y.Stook Eioh.

LOMBARD INVESTMENT

and Railroad

Seml-AnnuollF in

Payable

For sale by

B.

J.

McGEORGE,

No. 96

CO.,

TRUST

BANKERS,

Equitable

ullding.

New York

LETTERS OP CREDIT AND
CIRCULAR NOTES
parta of tbe
iMned
world. BIIIh drawn nn the Union Bank of London.
Telegraphic transfers made to L#ondon and to Tariona
ftlacea in the United stjttes. Depoalta recelTed subecf to check at sltrht, and Intereat allowed on balances. GoTemment and other bond* and inTestment
Mcnrltlea boufiht and aotd on conuntaslon.!
for the use of Iruvelers )n

all

Street.

BROADWAY,
IN

RAILWAY STOCKS,

GS^AS

KOUAITZE BROTHERS,

30 Broad

DEALER

Co., CITY

London

Kew

York or Boston.

Ko.

ATTORNEYS AND AGENTS OF

BARING BROS. &

CO's

UNDOUBTED SECURITY.
Interest

Excbange on

&

IN.

OAS QC0TATI0N8 IN THIS PAPBK.
Gko. H. Fkentiss. W. D. Pbektiss. W. W. Walsb
SB1I

STOCKS,

CO.'S

STOCKS

TEI>EGRAPII STOCKS,

113 Devonshire Street, Boston.

120BROADWAT,

Bonds

Stocks and

Six per Cent Guaranteed Western City
and Farm Mortgages.

GOIHinERCIAL CREDITS,
Members of tbe New York Stock Exchange
DXALBUa IN FOHEION EXCHANGE, GOVCBNHICNT
Clrcnlar Credits for Traveler..
AND UTHEK 1NVK8TMK.NT BONDS.
STKHl.INU LOANS A aPKClALTY.
44 Wall M. and 63 Greene St., N. ¥. Cable Transfers and Kills of Exchange on
Buy and sell on commission, tor Investment or on
Great BRirAm and the Continent.
markrin, all securities dealt In at the New York Stock
Bxf-nange.

BROOKLYN.

ASD

FOREIGN BANKERS,
Nassau Street, New York,

Messrs.

ST.,

GAS STOCKS

Co.,

WILLIAM STREET,

Kidder, Peabody

Cable 1'ransfers.

Co.,
linger, Smithers
BANKERS AND RROKERS,

nONTAGlJE

SOS

MARCUAKO, KRA|ISSdcCO.,)p.R,a
jrAKIS.
HOTTINOUKR Jt CO.,

CommercinI and Travelers' Credits.

York.

BROOKL.TN SECURITIES

Bny and sell bonds, stocks and securities in all American, Canadian, BrltlHh and Dutch markets on commission. Collect dividends, coupons and foreiKu and
Inland Drafts.

1

New

Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEIV YORK,

Offer Investment Securities.

Ruckgaber,
BANKERS
S9 iriLLIAn STREET, NEW YORK

1st

GAS SECURITIES,

Isene commercial credits, aljo forelfm and domestic
tniTeters' letters of credit in pounds sterling &. dollars.

&

of Bzctaange.

4 Broad Street.

fS

BANKERS.
Com pant ea.

Alabama

TOBEYA. KIRK,

York.

Kennedy Tod
No. 63

of

Mississippi & Tennessee Railroad "A'
and " B " Bonds.

Co.,

Member N. Y. Stock Bxch'ge

Sell Bills of

Hills

Western Railroad
and 2ds.

AND

AND

telegraphic transfers of money
ON MEXICO, CUBA, ^kc., <L-c.

ALSO,

Schulz

Grant Bonds.

34 Excbange Place,

New

Ist

& Marqnette Land

Detroit Maeldnac

bills of exchange, letters of credit,

BDINBUBQH AND BRANCHES;
CABLE TRANSFERS AND LETTERS OF CREDIT.

%nvtstraznts.

Mort. Bonds.

AND

MANCHESTER, PAYABLE IN LONDON

Paris

ATAXLABLB
ALL PARTS OF THE WORLD, ON
Keasra. C. J. Hambro & Son. London,

THE UNION BANK OF LONDON

MANCHESTER & COUNTY BANK, COMMISSION MEECHANTS,
"LIMITED,"

CBSDITB OPENKD AND PATVEKTS

ISSUE COMMERCIAL CREDITS,

IN

New York.

Accounts and Agency of Bi.nks, Corporations
firms and individuals received upon favorable terms
Dividends and Interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends: also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and

Maitland, Phelps
EXCHANGE ON
BANK£R
iniTH, PAYNE &. SMITH'S,

lune

BBS' CREDITS.

Sbpzci^xl

SELIGMAN * STKTTHEIMER, Frankfurt.
ALSBERG, GOLDBERG 4 CO., Amsterdam.
ALTMAN 4 STKTTllEIMER Berlin,

BILLS OF

John Munroe

BUT AND DRAW BILLS OF BXCHANOII,
MAKE CABLE TRANSFERS. ISSUE TRAVEL.

Issue Letters of Credit for Trarelers Iron steamboat 1st Mort. Bonds.
On SELIGMAN BROTHERS, London.
Detroit Mackinac & Marqnette
SELIGMAN FRBRES & CIB. Paris

ue In
ase

NEW YORK.

Exchange Place,

FOREIGN BANKERS.

New Vork.

SWEDEN AND AUSTRALIA.
Conumercial & Travelerai' Credits
IN STEBLIXO,

•ne

Cor.

BANKERS,
BROAD STREET,

STREET, LONDON.

Brown

o\m.

Kochschild. Eihi., Vienna.
AND TBEIU COKKBSPONDENTB.
Draw Bills of Exchange on, and make Cable Trantfers to, England, France and Germany.

M. de

ATTORNKTS AND AGKMT8 OF
RfesBr*. J. S.
BTo. 22 OLD BROAD

Ickelheimer & Co.,
WILLlAm STREET,

BANKERS,
Meaara. N. [>1. RoihHCtalld Sc Hoiia, Ltondon.
"
de RolliHchild Kraiy, ParU.
"
M. A. dr Uoihxclilld&Sona, Frank-

PARIS.

'i

Foreign lExcttange.

JJvaxucvs of

Co., August Belmont

WAIX. BTREET, <X)RNER OF BROAD,

[Vol. XLUI.

Bank
In

Stocks, Insurance Stocks.

my

qnotatlons of Trust and Teleirraph Stocki
<aalnrrt«v> fi^^nirw f'>Ht and rtniiv Iri'Hrfttfr

See

Mempbls & Little Rock RR. Honda,
miss.

& Teon. RR.

Ronds,

Carolina Central RR. Ronds,
Ga raid. Sc Gnlf Railway Ronds,
4tlauta Sc Charlotte A. L. R'jr Ronda,
mem phis & Charleston RR. Ronds,

And

misceIlan<*ou« Securities,

BOUGHT AND SOLD

Ry R.

A.

LANCASTER &

CO.,

10 IVall Street.
IF Ton WANT TO BUT OR SKLl. ANY
OK
PUT8 0BCAI,l.f*<»N .*T«CKSor callBONDS
on,
write to. teleirraph to. send for,
ll. W. KOSENBAI M.

BO Fxchnni' PI<i<-». "f^ V*'*-.
my new Circular, Just issued

Send for

uocn

U,

THE CHKOINICLE.

1888.]

lU

ISauUcvs auti gvolicts in Ucuj TJovU
H. OBUSBB OAMLMT,
WUTSLT,
HA-rHAmDCMnM.
HBrmr B. Doooa, Waaklaatao. D. 0.

JAJiaa

Wh.

TRAmu, SpMtel

K.

Prince & Whitely,
M BBOADWAY, NBW VOBK.

H*.

m- . __-

<^...;._

1

180 Klflb

Taintor

Pmrtnar.

At«„ N«w Tort.

Holt,

8c

Geo. K.
16

BANKEB8,

ael)

RAILROAD

.rt«itioil.WwH»i
Boaton aod Pltubofs.

otkwtM.

rneUtmai Lou or

ttSStfatcSkittm

New York,

St.,

GOTEKMBXMT, MDNICIPAL

and

Sacnrttlet.

O. B. TAINTOR.

C.

Interaat allowed on dallT balancer.
All dapoalts snbject to onaok at sIk^
Particular attention to orders by mail or telecram

OBO. H. BOLT.

Turner,

J.

Taan' Mambanhtp

la

H.

B. Hollins 8c Co.,

tha N.Y. Stock Rzehaaca).

BANRKRS.

BANKBB AND BROKBB,
16 A 18 BROAO ST., NEW YORK.
Tfaaaaeu a ranaral BaiiklaBkaalBaaa,tiiehidliictho
pnrehaaa and aala uf ttoakaaalbooda toroaak or oe

or on margtn
Stock Ibc

New York

dealt In at tbe

cbanfo.

L'HPnjHB.

Q. P.

(IB

Boy and aaU on Commission, for cash
all seooritlea

Pilrata talesraph viraato FmrMaaea and Boaton.

Fred. H. Smith,
BANKER Jk BROKER,
Ho. 90 BROAD ST., NBir VOBK.
T*mT7Mn'azp«rtaoMtniUUroa4Bofi«s. PwMa Mi^ M b«7 or hU D —ii wU Baa«s wli.

Sons,

Sistare's

18 Broad Street,

FIRST-CLASS INVESTMEIVTS.

Bar and

WtU

&

lai Sonth Third Street, Philadelpbla.
Cor. Neir, Neir Tork. Connected br PriTata Wire with main office. New
York.
TRANSACT a OBNERAIi BANKOTO boalneaa.
DEALSKd IN
DBPOaiTS fMalTsd an4 HITBRBST allowad oa

No. 11 TTall

i*U iliMH«< RaUriM*
to FlUlaaalpklB.

©Itij.

T3

*

BKOADWAY, NEUT YOBK.

74

0>Baa8PONDIHTS :

CLARK A CO.,) _„_ .„___.
UILL A K15.VNKU V, PHI^DaUBlA.
DKVKN8 A TUCKBRMAN, BOSTON.

Meaan. B. W.
"

r.T. Boinaooc
LAxmfa C. WAMMMvaa. BOAit dkwixo. cuax Dawiaa. Bxehanca.)
(Maoibar u( .New York Mook

cba*. J- Tow.fnxi).

lUBb«r N.r. Mock Kxahaoca.
JMU. P. TuwxsutD, 8p«eUl

Townsend

Partnar.
H. Dewing 8c Son,
Washburn, BANKER»i AND BROKERS,

&

BAKKKBS AlTD BROKEB8,
N*. • iraU Mr«««, Haw T«rtl.

No. 18 Wall

»ltre«t.

Partlcolar att«ntWn idTaa to tafanaatlan racardlaa laraatmaot Mcuntlua.

Iowa Loaa A Trut Go. • »ar Okat Dakaetaiaa
boBgat and aold.

Gorham, Turner
eaAMimr.Oox

WH. r. (-jjKiuB.
-r.

rj«.

Carolin
K*n4k

H

N&

Cox,

8c

A. Dutenhofer,

BROKER

New York.

•toakaaod B<.nd> B«ugl>taa<t8oMoo&>aimlaaloo

Moaks B4Bo<idiBawiMaad 8oM oaCoMalMloa

8c

Co.,

BANKERS AMD BROKERS,
BlUa Bnildlnx, 35 ITaU St., Now York

AND
Desler In MIscellaBeoiu Seenritles,
MILLS BUILDING (Sd rioorj
Rooms ae A M.
33 WALl. STREET.
BTATB AND CITY BONDS OF GBOROIA. ALSO
RKCUKITIKH OK TIIK CBNTRAL HK. & BANK.
INU CO. OK UKOKUIA A BPBCIALTV.
loTaatora wtablna to bnj or sell are inTltad to oall
or eoneapoad. Prompt and personal attention glrea

toaUordiBa.

ACami a. OOBRiM.
CBAB. W. TU BBBB
BBOAOWAT.
«M M, N«* Tort CBAa-aNoBLB.
MaalMrN.Y.atoakKzeh
,

Buttrick 8c Elliman,

k (Maa.*U Madtoua Air,aar.

DapaMa laaaliad aablact to ahaok a« Msbt. aaJ
jtar*« alluwad oa teilj aa l a n aaa. All atoaka
Baeartttaa 4aalt to at tko Maw Tort Moak Mzakuaa
, (or Caak ar apoa

wd

'

1SSL'

&

Gilman, Son

J ohn H. Davis 8c Co.,
BANKERS AND BROKERS.
Do a atiirlly

Co.,

mUUtm

Ik

CBDAB WHBBT

••

BONDS

Pnrata WIraa

fIBAIN,

!

(HUCAOO. BALTIMORB.

to

NBW

WAiaroa B. Baowa.
Baaaaar

Baowa.

raait. a.

P.

Baowa.

Member N.

No. 18

RABSAO •IBBB'l,
«KW TOBX.

Huestis

PIMB nRKET.

WOOD

St

Co.,

8c

XEW YORK.

DATIS.

laniB aO aaaaa i lw Baud at Um Bow
^
Tortltoak Bitlianrr Tor lala
fiaar^'t.Aaa HAiLiiuAnniiarTlloBTaAaa BoaM.
OBOKUB C. WUUI>. C. U. HUBSTU. UM-BWAM.

Kimball

BAinCSBS

8c

V. Stock Rxctaanaa.

(AJ Cok

B

KER8
WALL STBBBT, Stewart Brown's
Naw York.

A K

M

Sons,

stock brokers,

64 Broadwar

'c

19

New

St.,

New YotK

Bbj

BOX

p. O.

I.M7.

A. M. KiooiB. WitTUUn) TkAkK. H. 1. Moaaa.

W.

<;.

JtiiJ,,

Cahoone

Wescott,

8c

18 Wall Street,
Exeonte Onlera

ISooJff*

In

all

New

York,

BeoariUes Listed Of^

NEW YOBK STOCK EXCHANOE.
Special Attention glTcn to

Qoremment ft

other InTestment Bonds

Corraapondanca Solicited

Co.,

BA M
H Broa^war,

AMD BBOKXB8.

,

Troaaoat a Oanaral Banklof Boaioaaa,. InelBdlna
kaii and tala of VTOCKa aodBOMDa for
I
OMk or a* afai>'
ui4 Soli Inwaat^oBt Soearltloa.

BANKBBS ANB BBOKBBB.

J.

&

Maoibar N. Y. Prodnoe Exchantre.

BAXKER8,
NO. SO

Chew,

8c

i't KroiidwaT, N. T.
Baskaaae Coart
Btoeka, Bonds and United States (ioremment
Secanuaa Boo«hl and Sold on Commission.
BaraaLT CBaw.
JAS. D. SIMONS,

Walston H. Brown 8c Bros

R.

Simons
">

ia4B

31

A SPKCIALTY.

STOCK BBOKERS,

Uaa.

Wood,

nKNT

loTaators wtahloa to Buy or sol are Inrltadtoca
or correapund.
Bar and Sell on Commission for Cash. or on Marrln.
allBtocks A Bonds dealt In at iba N. V. Htook Bzob,

.

a O wiw al

to

18 Wall Street, New York,
FIBST-CLA.SS liONDS FOU INVBST-

PUILADKLPUJA aod lolaraadlau Polnta.
VOBK.
No. IT WALL Vr.,

BAMK£Bfl,
Ife.

«

('onBtlaalon Baalneoa

BT04-KII,

WIU

t

rar.

K BRM,
Baehaaae Place. B. V.

Simon Borg

8c

Co.,

NBW YOBK

Braaeh OBre, 441 La Salle St., Ckteace,
No. IT NASSAU ST.,
TBANBAfT A OKNKRAL BANKING BU8INB88,
DKALEB8 IN ALL KINDS OF
UfCLUUINU TIIK I'UKCHABB AND 8ALB OK

VaakOTiMa Bow Tort Stoak BsehaBfOb
Maakan PkilaMpkte Btoek BrnhaM^ir^
16 * It BrMi4 Mraat, Naw Terk. SrroCKB AND B<)NI>H FOR CAM OR ON MABBar and Mil oo onanalialoo. for Inraatiooot or oa Suir BUT AND BKI.L INV^MnT ^BCl;HI- EAllroad and InTestment Seeorltlesi
aralB. all •Mwntaa Aaalt la at uia N. T. Nook Bsak. tHb. INTBRBST ALLOWBD ON DKPOiUTS
BoaaBi J. Kiaaat.i
ALvaaD B. I^ooaaaaar •oBKn' TO CUBCK AT SIGHT.
IT Taan*

Wm.

"

W. B. Dtrannoa.
Bdwaad
Masbar M. T. Moak Bxekaaaa.

P.

ALuao

—

D. A. BOODT.

Ho. BO Plaa BtrMtf Blaw York.
T. Btnr* Bicbarata, tot INrnfrumxr ur un MAHUI.H, all claaaaa or StoeU
afkBooda. and allow tatataat oa (lapnaBi, aabjaat to
at

If.

Hamilton
Um. S*

8c

Bishop,

PINK MTBBBT.

Kwlaaa

Prt*at>

Bcik aat .
biawo'

NMBI'

Wall Street, corner Broadway.
trOCKM, »OXD8 d OOMMMKOIAJ, FA.PMU.
loafca aad Booda bijiwbt and aold oo aoaiailaalon
New Tort Btoea Kicbania. Adraaeaa Bade on
kaalnaa mam ukA nibmr aaaartttaa

•t«*aaad

BOUGHT AND
(My

See Qaotationa of

at

Walsh

NBW TOBK.
'.TIVj
CTMaao.
amoanta to fait
<«afor IDTaatmaot

Ho. 14S BBOADWAV,
NBW YOBK.
BANK us,
BANK BVIILDINO, CITY RAILROAD STOCKS ft BONDS
IS

ONITBD

HA.XKRKR Altn BROBBR8.

(Man. '.an !*tm Tnrk Moak "-TlrTaT T
ant* r iunt< R>i.ti-r>an<l otkaja faaal»«<
talairaat %
-<atl>Ooaa«
lOUyOoaaialaatga

SoirniBBB Bbuurituu a spbcialtt.

H. L. Grant,

Dickinson 8c Ailing,
ARKBRB AND BBOKEBS,
Bar and nil

P. O. Box 447.
C. W. MOLILLAJI.
Raraaa LaLAap.

•

TOC'K

Floyd,

Maaibar N. T. Stock

S.
S>a

Bailey,

PINE STKEET.
UEALINOS

I.N

BROKERS, INSURANCE STOCKS

BROAD 8VBSMt, BXW YORK.
tluMJ. Wtoro, Ja
W. Walsh, jb.,

No. 36
J Aaaa

8c

E.

BOLD.

Bailroads In tbis paper.

A SPECIALTY.
cash paid at once fnr the abora seonrltica t or they
will be sold on commission at seller's option.

THE CHRONICLE.
(^atiaaiatt

and Wox&iQn

SVBPIiVS,
<3.

-

SMITHERS,

F.

W.

.T.

NEW JORK
Nob. S9

&.

B.

President.

BUCHANAN,

General Manager.

AnSTERDAin,

OFFICE:

HEAD

Exchange, Francs and Cable
Transfers grant Commercial and Travelers' Credits
on,
available In any part of the World issue drafts
«nd make Collections in, Chicago and throughout the
Dominion of Canada.
;

;

Iiondon OfBce, No. 28 Abcliarcli I.ane.

Merchants' Bank
OF CANADA.

OFFICE, MONTKEAIi.

Manager.
GEORGE HAGUE, General General Manager.
J H. PLUMMBK, Assistant

BANKERS:
Bank (Limited.)
XONDON, BN'O.-The Clydesdale York. N. B. A.
KKW YORK-The Bank of New
Sterling El-

The New York .\aency buys and sells
.«hange. Cable Transfers, issues credits available in
jlU parts of the world; makes collections in Canada
and elsewhere and issues drafts payable at any or
descripthe offices of the bank in Canada. Every
tion of foreign banking business undertaken.

New TLoiU. Ageucy, No. 61
JOHN

B.

HARIUS.

{Agents.
^g«°"-

JK.,

i

AGENCY OF THE

Ty^E BEG TO

Bills, Stocks, Bhares.

Coupons,

St.
>

J

ACQUAINT YOU THAT

A. A. n.

ifeo.

Corporations, Arms and individuals, upon
favorable terms also orders for the purchase
and sale of Bonds, Shares, Ac, &c., on Commission on the Stock Exchange.
Negotiate Railway, State and City loans.

BOISSEVAIN,

BLAKE.

F. B.

New York and Boston

sell Sterling

18 Wall Street,

as State

STREET.

available In

all

China, Japan and the East
BRAZIiaAN
n naie of
I-IMIIBD, available in the Brazils, River Plate, &c.
Bills collected and other banking business transD. A. McTAVISU, ( ^gePta.
acted.
*
A -onta

LONDON

H.

BANK

&

8TIKEMAN.

j

Imperial Bank of Canada
OAPITAI.

(paid up),

-

BEAD

American Currency & Sterling Exchange.
In London
Aiyenl-ji In New York*
LloytPs. Burnett's & Bos-I „*?.«J™!.'^,';S„™"1 ;
Baxk op moxtbkal,
. anquet's Uank, limited,
59 Wall Street.
;

Railway Share Trust Co.
(LIMITED).

(

.

No. 4

62 Lombard Street.

Promptest attention paid to collections payable In
part of Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft on New York.

&

Buchan,

C'OLl.KCTIONS

MADE.

J.

&

W. Sellgman

<fe

Co.

to

Company undertakes the

business of Trustee

Loans of approved Railways, negotiates and

Authorized Capital,
Pald-np Capital, •
Renerre Fand,

-

payments of

Agent for

or Registration of Stocks in London, or otherwise.

Cable Address-PATT, LONDON.

Bank of

Australasia,

$0,000,000 4 Threadueedle St., liondon, England
Paid-up Capital, .-'-.-- il.BtO.OUO
1,500,000
£780,000
Reserve Fund,
400,000
Letters of Credit and Drafts Issued on any of the

--•--

Transact a general banking business. Issue Commercial credits and Bills of Exchange, available In all
parts of the world. Collections and orders for Bonds,
Stocks, etc., executed upon the most favorable terms.
FKJ> O'K K. LOW,
Im.„„™—

IGNATZ 8TE1NHABT, J '''*''"««"•
„ „ .
ULIENTIiAL, Cashier.

216

BROADWAY, NEW YORK
in D. S. Gov't

Bonds.

BONDS OF SCBETYSHIP

this Company at moderate charges.
The bonds of this Company are accepted by the

from

courts of the various States

CASUALTY DEPAKTMENT.

Policies issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates, &c., can ha

obtained at head

office,

or of Company's Agents.

Geo.

8.

Charles Dennis,
Alex. Mitchell,

S.B.Chittenden.

Wm M. Richards.

Cos

The Investment Co. of
Philadelphia,

CHESTNUT STBEET.

—

numerous branches of the Bank throughout Australia and New Zealand.
negotiated or sent for collection.
Telegraphic transfers made.
^ *
.,
.,
Deposits received In London at Interest for fixed
periods, or for transfer to the colonies on terms
which may be ascertained on application.
PRIDBAUX SKLBY, Secretary.
Hills

OFFICERS

WILLIAM BROCKIE, President.
WHARToA BARKER,

HENRY

M. HOYT,

Vice-President.

JR.. Treasurer.

ETIIEI.BERT WATTS, Secretary.
Board of Dlrectora-Willinra Brookie, George 8.
either In the mat- Pepper, Morton McMichael, Wharton Barker, Henry
Corporations,
C. Gibson, T. Wistar Brown. William Potter.
Advisory Committee of f tookholders.-Qeorge M.
Interest on Loans, Dividends on

issues Loans on the London Market, acts as

(Incorporator! by Royal Charter, 1835.)

'

a,

taoO.oSo deposited with the N. Y. Ins. Dep't, for
the protection of Policy-holders.
Assets, January Ist, 18S8, tOOO.oOO 42.
OtBcials of Banks, Railroads and Express CompaDies, Managers.Secretaries, and Clerks of Public Companies, Institutions and Commercial firms, can obtain

assets.

I.ONDON, Head Office, 3 Angel Court.
JSAN Flt.VNCISCO Office, 422 Calif ornla St.

BOSTON CoiTesfKind'ts, Massachusetts N. Bit

FIDELITY A CASUALTY CO.

Capital, $-2,000,000.
Acts as Financial Agent in the negotiating and
marketing of Securities. Deals in Bunds— Corpora-

(LIMITED).

NEW YORK Agents,

A. L.
Hopkins, H. Victor Newcomo, John Paton. Daniel
Torrance. Kdw. F. Winslow, Brastus Wlman, P. P.
Olcott and J. K. Pulsf or<L

Collects Interest
deposit, allowing interest. As desirable Investments offer will
issue its Debenture Bonds, secured by its capital and

ter of

Anglo-Californian Bank

OFFICE:

tion, Railroad, State. Municipal. &c. E-xecutes orders

Railways and other

THE

Edwaud Bawlinqs.

NO. ill BBOADIVAT.
D.J. TCMPKINS. Secretary.
Nilw YORK DiRKCTOBS— Joseph W. Drexel,

commission In Ronds. Stocks. &c.
Capital Paid Cp, £971,360 Sterllns. on dividends. Receives money on
and

This

Stocks and Bonds, Sterling Exchange, Drafts on
York, bought and sold at CUKRENT PRICKS.

:

NEW TOBK

310

LONDON, ENGLAND.

STOCK AND EXCHANGE BBOKEBS,
TORONrO, CANADA.

Managing Director

BANK BUILDINGS

enr

Gzowski

President

BiBALKx.T. Galt,

J 8.T. Stranahan, A. S. Barnes,
H. A. Hurlbut,
A. B. Hull,
J. D. Vermilve,
J L. Rlker,

THK

in

Agents

*^^-9SS.
^'^-"xX
240,000

Vice-President
Hon. Jas. Fibrteb.

Wm. M. RICHARDS, Prest. John M. Crane, Seo'y
BOB'T J. HiLLAS, Ass't Secretary.
DIRECTORS:
W. G. Low,
Q. Q. Williams, David Dows,

D. E. WII^KIE,

at. Catharines. Port Col borne, St. Thomas, IngersoU,
Welland, Fergus, Woodstock, Winnipeg, Man.,
Brandon, Man., Essex Centre, Niagara
Falls and Gait, Out.

OF NORTH AMERICA.
Cash Capital
Assets und Resources
Deposit with Insurance Department

Cash Capital, $250,000, Invested

Solicit accounts and agencies of Banks, Railways
Corporations, Firms and Individuals upon
favorable terms; also orders for the purchase and sale of Bonds, Shares, &c., &c. on
the Stock Exchange.
Interest allowed on Deposits, subject to BO-days
sight drafts, at Bank of England rate, and
one-percent below that rate subject to

OFFICE, TORONTO.
BRANCHES:

of Sixretyship.
OTHER BUSINESS.

^.^

Co.,

$1,500,000
demand drafts.
$480,000 Negotiate Railway. State and City Loans.
Cashier.

-

S17RPI.CS,

HOWLAND, Pres't.

&

LONDON.

COIHMEK-

world.

Ifork

Boston, Mass.

62 Gresliam Honse, E. C,

ed In PonjidsStfrilng

oarts

New

CO.

&.

©om^yatiijeis.

The Guarantee Co.

Nos. 214

Exchange and Cable Trans-

ClAL. CKEUIT."* ISfSlIEO for use in Europe,
and West Indies. Also,

Street,

Heinemann

fers. Issue demand drafts on Scotland and Ireland,
tilso on Canada, British Columbia, San Francisco and
iss
^OIltCCLAR NOTES the
of

Corkespondents,

BLAKE BROTHERS

North America,

No. 62 WAI.I.

financial

;

OF

British

NACHOD & KUHNE

Solicit accounts and agencies of Banks, Railways

Bank

F. H.

4r William

11 coPTHAi,!, Court,
London, E. C, 1st January, 188«.

Biake, Boissevain & Co., JBoxids
NO
LONDON, ENGLAND.

W^all Street.

HENRY HAGUE,

New

and London.
A. M. TOWNSENn. Agent.

.

we have this day commenced to carry on a genIiondon—B. W. BLIJDBN8TEIN &
eral Banking and Commission business at the above
No. 55 & 56 Tlireadneedle St., e. C
address, in co-partnership, under the style of
Botterdam—De WissEi>en-EFFECTEKBABi.
BliAKE, BOISSEVAIN St. CO.
JB.
Ensctaede-B. W. BLIJDENSTEm,
Mb. H. J. DllLANOT MEYER wlU sign for COT
Almeloo— LEDEBOER 4s CO.
Arm by procuration.
BTANTON BLAKB,
Transaot a general BanUnK and Commlsaion

NEW YORK
$5,799,200 Paid Up.
$1,500,000 Messrs. KNAUTH.

-

HEAD

Dealers

-

1861.

BRi-JTOHES!

BuBlnesB In

Presidpnt ANDREW ATjTjAN, Esq.
__
*^"
VloelPresldentrEOBEltT" ANlJBRSON, Esq.

S.

-

.

CORRBSFONDENTS:

Capital,
Keserre,

B.

.

BANKING COBPOBATION.
$7,500,000
Paid-up Capital
4,500,000
Reserve Fund
500,000
Reserve for Equalii,ation of Dividends.
7,600,000
Reserve Liability of Proprietors
The Corporation grant Drafts, issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore, Saigon,
Manila, Hong Kong, Foochow, Amoy, Nlngpo,
Shanghai, Hankow, Yokohama, Uiogo, San Francisco

OFFICE, AmSTEBDAITI.

Sell Sterling

Buy and

-

CO.,

HOIiliAND.

Capital fully paid up.7,203.9a6 Guilders ($2,881,670-)
($365,837-)
913,092.88« "
UenerveFund

VVALTKR WATSON, ) ^gentS.

Buy and

W. BLIJDENSTEIN &
KSTABI.I3HKD

WAtl. STBBBT,

61

%}xvLktxs.

Hong Kong & Shanghai

Bankvereeniging,

$12,000,000 Gold.
- $6,000,000 Gold.

.

xLin.

FOREION.

De Twentsche

Bank of Montreal.
-

nna

-^^xnks

FOREIGN.

CANADIAN.

CAPITAL,

rvoL.

Troutman, Gustavus English. Isaac H. Clothier,
William Pepper, M. D.. Thomas Dolan, John «.
Reading, Joseph E. Gilllngham, John Wanamaker.

Uonry E. Smith, Charles B. Wright, Henry Lewis.
Craigo Liiil)incott,lIamllton Disston, Clayton ! rench,
Francis liawle.

Investment Securities
BOUGHT AND SOLD.
WANTED:
Scioto Valley Bonds, all Issues.
Southern Central Ists.
,,^ ..,

.
,.
Toledo Ann Arbor & North Michigan Ists.
Indianapolis & Vincennes lets.

Memphis &

Little

Rook

ALBERT

,

Ists.

E. BCACHFIEI.D,
No. 6H Pine Street,

AcocsT

14,

THE (CHRONICLE.

18M.1

©ut

BANKS.

of ^cur liorfe.

VEW

faufes and lanfecrs

EXGL.AXD BANKERS.

%xixvx laortgaflcs.

Hayden

LOBOWIOBJ. HIXL, B.B.)<CCAXDt.>M, A.W.BTIX JOSBCA WILBOUK,
CHARLXS H. 8H«LJ>ON, JR
Tle*-i*rM't BcxjABiN A. Jacksox, William Binney. Jr.
Caahl*r.
Prwldwit.

Wilbour, Jackson & Co.,
Gate City National Bank
BAMEERS AN'D BR0KBR8.
ATLANTA, CEOBGIA.

Capital •»*. Sarvlaa,

1A«

•>eO,000 00

-

•

No. Sa

VniUd Mote*.

iM«»iiH Of BankayMarchaala.Oarpontlaaa as*

irrMuli

m ne

~>riTiiK¥aia« rapb WIra to

for.

WUI act aa annt fur th« IsTaatoiaat of Idla anA
iplaafBDAaof BaatJ or IimM tM la
la oar acUT* mi4 (rovni# ettr aonar la aJwan Is

—

r»ta»

North-Western Nat'l Bank,
CHICAGO, ILLINOIS.
CsTltal, 1200,000. Sarplna, 9i0,0O0.
Thl* a|M boMa lafddnioa»l.oea.OMD. 8.4 par
t«a iHBivvtaa. ta aroM «k^ w« IMA
—laat %bA ai a aaatta laaal t a T a t lon

BAHKBB8

I

JoaiAHjnriT.y.PWa
CouKwau. Cashiar.

jawwTT.PTo..

WiLXJAM

C.

Bank of Buffalo,
CAFITAL, - ------ 9300,000
BUrrAU),

M. Y.

fMUmaa for aakiM aonae. ,atBla la ik* Uallad^aiataa.
UlM|A laiaa aataMM to ao*'3oMM««nnn.—MavTwIb Ratloiiai Sbo* 4
LaatiwlwkTrnloa Baotof Exwloa.
W. T. BLACX WBLi, PlaaX P. A. Wilst. CBahlar.
Thlabaakl

AMD

of Durham,

DL'HHAn, N. C,
Par Special Attostlon to ColIectloBS.
riBST.<XA88 rAauTin.

Mortgage Co.

BROKKBS,

WESTERN FARM MORTGAGES.

186 niddle Street,
Daalan

PHl.NXIPAI.

Ooraramant. Bute. Coantr. CItr and Rail
road BoBda, Bank Stocks, te.
Uaalrabia InTaatmant SaeimUes oonatantlr on hand

offered:

&

Gerlach,

Bo. 437

Tbere

CHESTNUT 8T1U:£T,

We

PHILABBLPHIA.
Kaw Tork

Maaibafa of tka PkUadalfbla and

ncBUMa.

Bteek

Cable Traaafan. BUli of Bxctaanca and Lattara of
Cradiu
'

Jos.

n:

WHY OOR I,OAN9 HAVE PROVED
Sil SATISKACTORV.
We Inrariably Insiwct tbe security before mak*
iDff a loan.
8d. We rarely loan oTcr one-third, and neTcr exceed 40 per cent of lis present cosh value.
8d. We loan only on first mortnaftcs.
4th. We accept none but perfect titles.
Ocb. We loan onir to Rtmd borrowers.
eth. We keep all insurance policies In force.
71b. We see that all taxrsnn.iioi.t

RBA80N8

M. JABVBT.

1st.

M. Shoemaker & Co.

BABBBRS AJTD
1S4 SOl^TH

8T<0CK BBOKBR8.

,„x\.\

THIRD 8TBEBT,
PUII.ADEEPHIA.

Mb. Our loans are

.

BALTIMORE BANKERS.

lOtb.

Co.,

CoBimercial National Bank,

UOrSTON, TEXAS
.

lltb.

(unravrMK.vraodSOUTHJCaNSBCLKITIBS

raaalT» oar

MOV.aOO

imMbI alfBllna aod

k M. Ulat iaar.l ITTATB BAMK.
Pi Brfiau t.
i Ueorpotated 1875.

I

O. T. Waiaar,

I

Ci
aahlar.

IStb.

ALTIHOBB.

are

IStb.

.)

aoUeKed and Information tor-

"V. Corraapondanta-Mcma

4 Co.

Brotbara

• - - - - $300,000
rrompt attailoB tirea lo aU bBitBaea IB egr Ha*.
N. r. roRBa«p«n>B>m.— iBportera' AlVnlara'
f>a>i>«M) lunk aoj BatloaBl Baek nt Vtm aatBaila
k. B. Ui uuiaa, tnraat.
A. K. Walbbb, CaaBMr.

Ho.

OFFICE!*!

:

1^

N

:trt« rif

Iha

MAMi,

HICRnOND, viRomiA.

WESTEBN
Lamprecht
Ho. 1ST

Tliilato aad Borik OBfofiBfraa vi aoat i

Bar aaat aaaiiMB

8MaliBBdS&

dobtaof

o^ e^ htb
Ballroad

Cobb
Estabrook,

BANKERS.

BTRRKT,

BOSTOW.
(MSHBERS OP THE

RRW TORK AHD

BOBiON bto<:k KXCIIABUBB.

Homa

P.

F.

Doalors In

Mrb

in-ade

a

fie

ffT.

Weatam

Co.,

LOUIS,

Soearltlea.

Oataaltad Boodi of KUsoorl. Kaaaaa and Illinois a
Specialty. Oood InresUBent Mearttlea, paylnc from
iMsr to ea«t par esa*. for jala.

Chas. H. Potter

Co.,

fie

INVESTMENT BASltERS,

ALXO,

Manlelpal, State, Rallroa4
and i;nlte4 <«tateB Honda.

lera In

Samuel G. Studley,

GbBVBLAND, OHIO.
TOWW, COUNT V A
LAiB SUPKlil
AND HTKKKi

TOrKS,
-t.<:i;HITIBS

C0HXI»8IOM 8T0CK BBOKSB,
Ho. 4 Ekcbance Plarr, Roo«
r

m

Bo. A,

BOMTO\, MASS.
I

CF BOBTOB Srv^CB BACBAMOB.

Ormi*r. Free.. ISO Nnsaaa Mu, M.

„
T

Farm Mortgage Co.,
LAWRBNCB, KANSAS,
Offers to Investors the best securities In the

FIRST

MOKTUAOk

market

UPON IMPROVED

LOANil

Intereat and principal paid on day of maturity In New York. Fnnda prompUj placei^ Lano
ezperlaDee. No loaies. Send for circular, referean*
and sample forms. F. M. PERKINg, President; J, T.
WARNE, Vice-Preal.: L. II. PBKKINS, Secretary
CHAH. W. OILLKTT. Trees.; N. K. HART. Auditor

FARMS.

1071.

Keleher

m OLIVB 8TRBBT,

Co.,

CUIOAaO.

BBTABLiaUBD

It also issues

CertlHeatas of Deposit at S per cent interest. Writ*
for pamphlet and le fere n tes
Oflice, Bnaielaburtr. lowa._

THE WESTERIf

&

ritlen. »c., of

capttal

— —

caallleTrnai Ca„ N. V.

of Cleveland, Ohio.

N. W. Harris

of Bta-

with brsoobaaat Huron and Mltc' "
of
Dakota, oSer Srst Mortnjie Farm Loans InIc
,.
l.l"?!.:
Mlnn/TOakota, and Neb..Talh PrtnelpaTiuid ItottnW'
oMUao Bleed. Also A per cent Debenture i
xions of the Company), nionUif^lO yeanha
obUoatli
,.
,^
^
,
eared by Mort«aire loans deposited with

E. B.

aad arlesa taralabed OD appHaaMoB. iMte Be If ran
wish toboy or sell. K•'^^ ""JJWnMSft «• .»2««''
for tlavln«B.8ar«n«a*TriiatO«.BM M>aal Banks

110*117 Monroe M.,

M*. •• 001t«RRSM

& Co.,

BVFKBIOB STREET,

RMnaAivB BAmcBma. anMHQ «• CoanUea.

fie

8X

AaertBBB TaTestaieBi Coaipanr,
aaUbum, Iowa, Inoorporatad with a paid-up

CLEVELA.ND, OHIO.

%

TH9HAS BBAKCB * CO..
aaanoas and oommimion uBiicaAMTB.
Men— W» VHUlINiA.
OtaMlaffaaod lafanaMaa da iBoaiBBtlM

fitch. Man'ger.

6%
The
M

BAnrKERl.
Bros.

H.H.

KnuaaaClty, Ma.,
JohnC.ATery.tJenJtaa.

MMtOVO,

B4NK ER»,

ColleaMoM aede ob aU Boathera polBU oa beat
laimai froapt rBiaraa,
Juitit P. BBANCR. Praadaot.
JOBJt ».qL«:«ii.<aa^ PaBPL
COTT. Tlao-llaea

Brewster,

DOMBSTIO AND

I'nilail <llalM.

ATIO.NAL

..

roBBIO.N BA.NHI.Va B0SUrB88.

\»tI,'»IINOTON, N. O.
I

GE.tEKAI.

DO NOT TNTBST UNTIL VOL" HAVE INVESTlM<>KT(i.\Glid.
SKNI) KDU OUH PAMPHLET GIVINO FULL.
INiOUMATlON.

GATKIXll'K KaKM

.. Kowler. V.P.
.Chaa. N. ..
Phlln., I \'X S. 4lh ISt.,
C. B. Wilklusuo. Man'mr.

SOL'TH STB BET,
BALTIMORE,

TBABSACT A

National Bank,

First

7

-

New Tork, 'JOM R'vray, Boston. 3.1 Ceart St..
B'wB- " —
~
..

Garrett
German National Bank, Robert BANKERS, &Sons,
LITTLE R«CK, ARKANSAS.
Capital (l>aM la)

v,v1 an(r
road**
prodactlve farms Id
us portion of tbe United
,ii:ea are
ooDstantly taicreastnic.
loaaa oet loraators a iSr cent Inta f sst .
Oar
payable aaMkaaaoally without chama or ax>
peoae to tbcm.
All mo
money forwarded to us for Investment
beirint tu draw Interest upon the date of its
receipt atany<if4«ur ufflces.
Interest coupons are oaabed at maturity by tbenrat National B-ink of New York ur ui>on preMHitatloo at any one of our offices.
we ffnarantee the prompt payment of all lotareatat matonty.
Wamarantae the payment of principal wittlln
two years from maivitT.
'

•tb.

&

-

tweotr-MTe Tears In an loTeatment of orer tgoO.OOO,-'
000 not a dollar of principal or Interest has been lost.
Thlareoonl Is wliaout a parallel In the Held of InbelleTe that a tboroagh Investlaa^
vaatneata.
Uon of tbe method and e«re which we obserre la'
takln( these secarttles will abnwthat oor baslDeaB
baa reached a sncem aa perfect and well deflned aa>
thai of Ore or life Insurance.

RA!(KEK.4 AND BROKBRS.
(Mcmbcti of Baltimore Btoek Ezclumge),

.....

Becnrltr. County.
State.
$1,400 00 BMwn,
.
.Kanaaa.
1,800 00 Jelftrson, Nebraska.
4.200 00 Tama,
Iowa.
14,000 00 Lawrence, MIssonrl.
7(,oao 00 Nnckolls, Nebraska.
are stattstiea abowlnit that during the last

«»J0 00
SOO du
I.OOO 00
4.600 00
B. 8,Ma
8,4ta M,000 00
B.

AHKEBS AND BBOKKKS,

Wilson, Colston
•aBical,

Amoont

.No.

B. S,«a7
B. 8.«'»
B. S,S3t

raiLABBLPHIA BANKl^ft.

Narr

AMD INTEREST GUARANTKE1>

Capital Uabllitj. |a00,0M); Cash paid up. taoO,000.
To (clTe some idea of the alse of loans, margin re..
qnlrcd and wtiere located, we append a few of tlipa^

la

r

The Bank

6% EQUITABLE

Beaton.

POBTLAND, SIAINE.

S7*Mt of

—«»«(>

Maw York and

Swan & Barrett,

fa«on»Ma. Qlra tt» a trial.
r. W. Gooklh. Aaat. Caab
Oio. BTt-BOEa. Praa'i.
danaDd. Onr

I.

P wijH

la Coimarrtal Paoar, OoTermnmit and
otaar oiaUelaaa Bootfa and gigcv
tuiitles aod KoreiKD

tfullr •oUotCad.

CoUaetlou prompt) j toad* taA ranUttad

COLORADO.
W»

We haTe on hand and for tale Brst -class County
and School Bunds and other choice securities.
especialtj recommend to oonserratiTe Investors oar
RBALBSTATBLOANSoD ImproTedCIt; and Fans
Propertlea. Tbeae have been made by na after ilirtV
InTaatlcatlon of title and Talnes, and can be traoaf erred at onoa. Cnrreapondanoa aoUelted. HUbeab
roferenoea Baat and West.
«

W^KTBOSSBV STREET,

PROTIDEXCE, R.

Dickinson,

DENVER,

TBI

DttignMtd tttpontam of

&

INTE8TMKNT BANKERS,

R. T. Wilson

Farm Mortgages
Ib Sams of $100 and Upwards ob Ibdiana and Ohio Lands.
BOTQINa SAKBR. ALWAYP PROMPTLY PAID
BEND FOR PAMPHLET.
JOB. A. nooRE,
84 Baat Blarkot St. Indlanapolia^ iB4
,

NORTH-

WESTERN
GUARANTY
LOAN CO.,

Real Bntate Mortrsites on atr
and Knrm Property, worth two
unts of morttor
11 per cent
to
pal and Inter7 p<'
ntiitoed. Heest
iilbythe
I.
curltl.
-ii
ComAmerican
I

'

'<

I

r.

>

MINNEAPOLIS.
fie

Co.,

BANKERS AND COMMISSION MERCHANTB
% Exchauge Court, Raw York.

pany, of H<

Pald-Up Capital,

NEIiBB

S'.IO«.O0O.
Autlinrit'd Capital

«>-.t,ooo,ooo.

Send

forci;-

dk

......

•

CARPENTER.

Bankcra, Troy, N. Y.
Eastern Manantri lor

Com pan

THE CHRONICLE.
^iuattciaX.

'ginnncinX,

THE

TO THE HOIiDERS

Long Dock Company's

OF

CONSOLIDATED MOBTGAeE,
FIFTY TEAR,
-SIX PER CEJKT CiOLD BONDS.
Pkincipal Payable 1935.
AKD OCTOBEB.

Texas

BT

BANKERS,

&

Western

Railroad.
having been represented to the trndersistned
that large amounts of the seeuritlee of the Lake
Erie & Western Kailroad Company are In the hands
of parties abroad. and acattered through the country,
whom it has been impossible to reach within tha
time previously allowed, and who wish to deposit
their holdings under the reorganization agreement
dat«d February 1, 1886. and at the solicitation of §everal well-known bunking honses which have promised t« deposit their holdings. NOTICE Is hereby
given to the holders of the Lafayette Bloomington
the
A Muncie First Mortgage and Income Bonds, and
Lake Erie & Western Main Line First Mortgage
Income Bonds, and the Lake Erie & Western Sandusky Division First Mortgage and Income Bonds,
and also to the stockholders of the J.nke Erie &
Western lljiilroad Company, that the time in which
they may become parties to the said agreement is
extended to Saturday. August 14, 1880. No other
It

opportunity will be given to the security holders to
avail themselves of the benettts of the sgreements
under the terms now accessible. The Purchasing
Committee has power to impose penaltiesforfailure
to deposit securities by August 14. 1886.
C. HOLLINS (Frank C. Holllns 4 Ck).),
11 Wall Street, N. Y.,

FBAMK
HENBY W. SMITH (Mutual Life Insurance (3o.),
Nassau Street, N. Y,,
WILLIAM A. BEAD (Vermllye&Ck).),
„
CLARKNCBCABY(0ar7

Nassau Street, N. Y.,
4Whltridgc),
59 Wail Street, N. Y.,
Purchasing Committee
-

St Louis Kansas Citf & Northern
Railway Company,

OMAHA

DIVISION.

The undersigned, the Committee named

In a certain ajireement between the bondholders of the
Division of the St. IjOuIs Kansas (31ty &
Omalia

Northern Hallway Company, dated June 9, 1886,
hereby request said bondholders. In accordance with
the provisions of said agreement, to deposit their
bonds In the United States Trust Company of New
York. Temporary receipts for the bonds are now
ready for delivery and will be exchangeable in a few
weeks for permanent engraved certificates. The
original agreement may be signed at the o£Bce of
Bald Trust Company or at the ofBoe of Stewart &
Boardman, Attorneys for the Committee, No. 49
Wall Street, at either of which places copies of the
a^eement can be had.
JOHN H. BEACH, CIialniuui,1

JAMBS B.PULSFOBD,
JAMES H. SMITH,
CHABLBS 8. SMITH,
JAMES F. DWIOUT,
OBOBQE WABEKN SMITH.

Henry

S. Ives

&

NASSAU
P. O.

ST.,

BOX

withdraw bonds will be reserved
to any parties desiring to do so after the terms
agreed upon have been annotmced.

New

Beoelve depoalta subject to check at sight and
allow Interest on dally balanoes.

SIMEON J DRAKE,
CHRISTOPHER MEYER,
W.

C.

HALL,

August

Sewer Loan Bonds.
'

EAST OBAKOB, AUKUSt

U

10, 1886.

of Euat Orance, Essex County, New
Jersey, soUcila Healed proposals or bids for an issue
of One Hundred and Fifty Thousand Dollars
(i.150.000) uf bonds, to be known as'SKWEK lAtAS
BONDS" of the Township of Kast Oranjte, N. J.,
Issued under and by virtue of an ordtniince passed
by the Township C'immittee. in pursuance of the
provision of an Act of the LieKislaturo of the 8tAte
of New Jersey, entitled "An Act to provide for
Drainage and SeweruKe in densely populated townships in which there is a public water supply,**

The Township

approved March 4, 1^84.
The township has property of an assessed valuation of $5,647,800, with a bonded indebtedness of
about *3»,U0O.
These bonds will be dated September Ist. 1886,

and

will bear interest at toor per cent per

annum.

payable semi-annually, on tJio flrst days of September and March in each year.
They will be issued In denominations of ?500 each,
with interest coupuns attached and arranged in
series, each series amounting to $10,000, and the
bonds In each series will mature a one year, two
years, three years. &c., to twenty years. No bids
will be considered for less than a complete series of
twenty bonds of jioOO each, maturing respectively in
one to twenty years. No bids can be considered for
less than par and accrued interest.
Provision for the registration of the principal of
these bonds will be made when desired. The Committee reserve the right to reject aiiyandall bids not
deemed in the interest of the tijwD.-*hip.
Hlds will be received as al»uve on or before Aug.
26th. It8(i, at 8 o'cldcfc P.M. All bids to be sealed
and endorsed "Pr<ip<isal8 for Sewer Loan Bonds,"
and addressed to the undersigned,

FINH 8TBBET,

BROXBR8 AND DEAIiBRS

SAMUEL

C.

BONDS.

of the Mississippi.

The undersigned, at the request of holder* of the
above-mentioned Second Mortgage Bonds. naTO
consented to act as a committee to protect their
interests.
,
^
...^
*
-*
Agreements empowering the Committee to act
have been prepared and will he ready for signature
Trust Company, 35 Wall btreeU
attheMetropulitan
on and after the 17th inst. C'^pies can be obtained
on application to the Trust Company or to either 01
the undersigned.

New yoKK. August 13, 18^.
JOHN N. A. GRISWOLD,) Committee,
THOMAS HlLLHousE, >
CHARLES E. FLKMINU.)
B. F. R OMAIXE, Jr., Secretary, iio Nassau Street.

London &

Limited, London.
1

,

tioned bondholders has been prepared and is now
ready for signatures. Copies can he obtained from
either of the undersigned or from the Metropolitan
Trust Company, 3S Wall Street, In the city of New
York.
Dated New York, July 28, 1888.
FREDERICK N. LAWRENCE,
30 Broad Street,

KOMAINE,

F.

84 Beaver Street,

EDWARD GOTUOUT,

80 Pine Street,

F.

ROMAINE, Jr., Secretary,

20 Nassau Street.

EinPIiOYlTIENT

WANTED BT A

a foretKn bnnkinK and stockbroking establisumeut.
Fluent correspondent In
Kngilsh, French and German ten years' experience
with Itondon and Continental forelKn bankers:
American ^ailway securlttea and the internutionul
arbicraKe In same a specialty; extensive and thorough experience In all exchanj^re and Stock Exchange matters: considerable executive ability;

gentleman

(30) in

;

New York references, altso from present
employers in New York; no objection to place outside New York. Salary at start t'^ per week. Reply,

"AUBITIIAGE,'* Financial Chronicle

P. 0/JioxrB58.

a U).

BHANCHES:

^ ,^, _,
Pernambuoo, Bahla, Rio

^ew York

WaU

Agency, 71

Commercial and other credits Issued,

Street.
bills

sent for

collection, etc., etc.

LAWRENCE McKEEYER, Agent
Mexican National Railway.
J.

Bondholders are invited to deposit their bonds
the CENTRAL TRUST COMPANY of New
York, under a plan uf reorganliatlon prepared by
plan
the IBondholders' Conunlttee. Copies of this
and agreement may be obtained from the Central
Trust Company, or a the office of the Committee,
No. 32 Nassau Street New York.

w th

SBL A H CHAMBEKLAIN,

SPENCER TK ASK,

i°B^SG"E^"B'i;YN'lliMj*l!^'g.TK^^^6ANDA.

fAMUEL

B.

PARSON|i-VM^K

D.

STOKES.

.

Committee.

_

Massasoit House,
SPBINGFIEI-D, MASS.
THE BEST APPOINTED HOUSE IN WESTERN
NEW ENGLAND.
man. Near
Convenient for the tourist or business

Union Depot.

w. H. CHAPTK.^

Avenue

Fifth

HOTEL,

NEIT YORK,

Madison Square,

The Largest Best Appointed and Most LlberaUy
Managed Tiotel In the City, with the Most Central
and Delightful J-'^^aloa.^QcK,

Office.

&

Moore

hereby given that an agreement author-

ising the tinderslgncd, as a Committee, to take proceedings to protect the Interests of the above-men-

BENJAMIN

Mills, Currie

Banii of England— Messrs. Glyn,

DARLING A CO.
U. B. 80HUT.

JOHH (i. MOOKB. W. K. KITCHBH.

of the Mississippi.
is

Brazilian Bank,

CAPITAL, £1,000.000, in 60.000 shares of XMeachL
PAID UP.....i50O,0OO KESKUVB lUND,i2»0,000
BANKEKS:

JONES,

Chairman Finance Committee.
Kast Orange, N.J.

excellent

IN

F. P. OLiCOTT, President.
To the Second Mortgage Bondholders
of the Wabash System East

i

BENJAMIN

NO,

YORK.

River Plate— Montevideo.

Committee.

12, 1886,

particular attention given to the subject of Investments for Institutions and trust funds.

Flagg,
Duncan Building, Cor, Nassau & Pine Sts.

CENTRAL TRUST COMPANY OF NEW

New York. Bralll-l'ara,
Do Bui,
De Janeiro. Santos. Sao Paulo, llio Grande Oporto.
Pelotas . Porto Alegre. Portugal-Lisbon,

CHARLES J. CANDA,
WILLIAM STRAUSS,

Government, State, County, City and Railroad
bonds constantly on hand for sale or exchange, and

&

for signing this agreement will
expire September 1, 1886.
NEW YOBK, Aug. 11, 1886.

Tlie riglit to

Notice

1.428.

pnrohaae and sale of secnritlea listed at the
Tork Stock Exchange, or to the open market.

ENTHAMCB

it

to issue its negotiable receipts against the
deposit of bonds on mid after August 18, 188G,
and as soon tliercaftcr as possible the same will
be listed at the New York Stocl£ ICxcliango.

Co.,

Tnuuaet a general banking biulnew, Inoladlos the

Reed

Indeed,

to j'ou for aooeptaneo.

To the First Mortgage Bondholders
of the Wabash System East

NEW ¥OBK.

FINAL. NOTICE.
The time

remains with you whether any sc)ieme can be
successful wilhout a proper recognition of your
rights, and unless you surrender j'our position
you will certainly seonre fair and eciultable
terms. To tills end yonr Committee have determined to call for tlie deposit of yonr lionds.
"In unitv there is strenRtli," and It Is evident
that to ensure success your tmnds must be con.
centrated Into one blook under oue control.
Tlie Central Trust Company if 111 be prepared

Committee.

BANKERS,
No. as

Railway

AKD LAND ORANT
nORTCAGE BONDS:

commend

COX,

65 Broadivay, Neinr York.

Lake Erie

EEADJUSTMENT AGREEMENT.
Pacific

TIins far no Bchcnio of reorganization liaB
been presented -wblcli your committee can re-

SMALL BLOCK FOB SALE

&

Houston & Texas Central

Company's

Ooverlnc Tunnel and Termlnala of
Erie Ballivay at Jerser CUy,

CAROLiIN

f^innntinX.

IDfCOME

IKTEBEST, APHIL

A

&

XLni.

[Vol.

Schley,

BANKERS AND BROKERS,!

36

BROAD SXKKET, NEW YORK.
with
Connected

Branch Offices

T-iwall St N. Y.
Ill Sofsd St., Phlla.

1418F

St.,

Wash'n.

I.

A. BVANS

& Co.,

Boston.

K.L.BHEWSTKH*CO..Chl«l»0.

HnuBARD* KABMKR,HarU d.

Private Wire Connections.
Bonds and Miscellaneous &»•
iSxchanges. also Grain and
Provisions on Chicago Board of Trade.

Boy and
ooritles

sell Stocks,

on

New York

Spencer Trask & Co.,
BANKERS d: BROKERS,
i6

and i8 Broad Street, N. Y,
Albany, N.Y.

Providence, E.I.

Saratoga.

Transact a General Banking Buslnem]
Direct Private Wires to each office

and

PHILADELPHIA,
[BOSTON,

;V0RCESTER

to

TOim

oniitto*

AND

HUNT'S MEBCHANTS' MAGAZINE.
BEPRESENTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.

VOL.

SATURDAY, AUGUST

43.

CONTENTS.
THX CHBOMICUE.
Mid Oo«8Mim l »l
'0B6telT
173 Mi
1741 Bn«Uah Haw*......
.....181
Oommgrclal and Ml8«wll»iiiKmi
BallnMdl
torJolTuul
Hawa
1B3
traaJaaaaiTl lo JoljrSl.. 177

OUaHnc-BoM* Bataraa

1

^

NO.

14, 1886.

1,103.

these Taluea from the New York total in each year, the
remaining exchanges are seen to record an increase over last
year of 50*7 per cent.
IfMk aa<Ma«

1

Am

.

WMkmnMni

7.

July 31

1888.

Pff-Onrt

I

1888.

Maw TaA

%]xt Chronicle.
TBI CXnfXDCLki. AHD fnuoKOAX. OHaoinoi.B

pvbUth»d in

<*

iir«w r<MSIt «8«ry Bthiriaif wtormina.

I

RotaNd at Ua PoatOilea, Vav Toft. If .T., aa aaeimdelaaa mall matter.

iaas,4»43«7

(aMkiu>Jkar«J

(1.144308)

(80.1*4.000)'

(0f8»...fi»iH)

ArOmt.
+48-4

•489,117369

-7-7

(93,300,000)

(800.100)

(88.MO,000>

(+14-3)
(-00-1)
(-14-8)

(41.048.000)

(+97^)

(-«-4)

O,S08l7»41
IWO.OOO)

(Ok<tM>....taiM.)

1

Tenas of SabMripUoa— Psysble 1> Adraace

1S8B.

00374300)

(-HIO-0)

+48-1
+19-4
448-8
+11-0

•70380.878

+87-4

8311300
1388386

+6*9

(1343.834)

(-47-8)

(379,400)

(+18-6)

"

I

6 10

1128
a2 7a.

awlMartprteM (ttdadtna poalaae)

^

'

"^tmUmimvmtmilmawmttmU

Ml

^_.

_

_

..

Bli8«ftpllnB8

am be awWiiiiiid
lama

pnWlaaara aa«Bot ba raapomdbla
1(0*
•r FaatOOae Boaay Ordaia.

amixiM

outA.
KME* «. ru>TD. !
a.

WILLIAM
T»

dc

81

UiwaU

atdaad atoppad. Tb«
raaomiaaaaaalaaa—dai>7Dr»»a
daflallaljr

B. »A1f A

WIIIUm

*

PMIaSalphU

O0., rakllahara, PHMkarc-

NBW
Bot 9S8.

VOKK.

Straat,

Poar OrricB

TatalM.aactaad

Total MMSIa....

CLEARING HOUSE RETURNS,

1885, in

next oolamn,

ia

imperfect,

idoaing day of the week in that year
witUDasud the obaeqniea of Qeneral Orant, and was obeerved
aa a boUdajr at New York, Boaton. Philadelphia, Chicago and
other eftiea. As tha flgnrea stand they show the large
increaaa the preaaotyear of 41*0 per eent, but of ooorae for the
taaaon mentiooed that does not indicate the .oomparative
condition of current trade at the two periods.
As siiowtng tJia relation tha cnrrent returns bear to those
for 1884 aad earlier jreata, wa h«Ta prepared the following

iTMi

Aii«. 7.

'

antiuaa

aw York
0«fe«f*

laas.

i8B8,rmj8i
:

\m*.

lasa

|SBT,B8ej88

186,798,478

+S7-0

187386,016

+19-7

+80-9
+»»-*
+S4-9

•4B,1«^894
8379.4S0
8,4043aa

+83-9

10,888,018

1888.

i«i.

8.138,480

MUwaakaa

4.088,888

Oauott

8.779388

8380307
8389310

I.O8O30I

+r6

WKAemjaM

-4-1

+l»f
+161

•H4-9

8SI3O8
71738S
440380

+44-8

(79388398

+44-3
+38-0
-;»8

•80,588,878

+19-9

4»0

7330.788
10,083374

+M'4

+63-S

+««

+1

+an
+90-1
+41-6

+«W

870,108

887301

4.140380
8.008389
•388,488

930BJ84
1.884391

188.887,083

I61.7S8.7B9

+49«

•7>)363,»11

|1734».0!W

114.983,763
888,178

+98-8

781308

+9»«

MsveiMor.-.

4309318

8374.181

8304300

LoalBf«la

8,11*387
S,48S,«n

4.338.194
8,007,018

+19-8
+14-9
+84-8
+18-0
f«-4

•15,988.777

7S73«

988.778
779,313

7se3e«

-HSO-4

688330

+4-«
-7-9
+41-9
+i7-e

061.909

•••>*a

I84,»«7,a97

838,080,486

+1»1

•28.903,084

"laaha,

.

.

,

MlnaaapoIU
Oaavar*

TMaiWwtan...
St Iioali
at. Snaiiib...

Kaaaaatr
Mampkla
OalraMon*
Total 8oathara..

BurnuMiMo

1.908.888

1378.149
8304,070
1,486,189

887,907

+a34
+88H
+8-4

S,19S341

+«r6

9,4T6.»9e

+88-9

8.481310

8.SO9,0Oii

4398.098

+i»a

•10,«a0389

OaMda Maw York
Mot laslaAad

tl03».lSI

+8-8

•19,761,475

|a»370,I8S

Total an

*

l;)8B38B

1388,087

Ooioabat

1,196.788

1007,481388

+41-0

•748,878,847

+1-9

HI73eM,!SW'

i<lt,(M7,M

+*9-i

•8iSfi.7ei.9B8

+93-4

"

In total*.

Our usual fire-day telegraphio returns of exchanges have
been received and are given below. The aggregate for all the
dtiea records a gain over the preceding five days of over ^,comparison with the corresponding period of
1885 the increase reaches 10-3 per oent. With Now York
excluded the excess is 17'1 per cent.
000,000, while in

r<MM Daiit BndUnt Au^utt 13.

8

IXy End't Aug.

1888.

1888.

Ptr OhU.

1886.

Iai7.a38,3ii

gate for all tba dtiea reacbee 18-4 per cent and over 1SS3
»«vl7
oaat, while the loaa from 1883 is 31-3 per cent,
and from 1881 baraly l-fi per coat. Outaida of New York
them la ia all iaataaoaa a rery aatiafaotory increase, which ia
to aona aztaat dna to the larger namber of cities now

+M

718,888

.

880317.180

U44S034I

+ro

+8-7
+88-8
+81-S
+81-8
»(»-8
+89-0

ijoa^ia
8.4S1.48B

IwiUaapolla

Haw Tort
According to tha abore, tba azoeas orer 1884 in the aggre- auMo/SKwkdftu

^V

180.889388
831<,B0J

10,4081800

wmjMMt ian.ui.8ss •i.oe8.as4.9<» (W7».»O,088

ISSlSIOjai

187306.781

'^nirlnnatl

K«p.hangaa for tha weak ended Aagnst 7 exhibit a decided
Increaea orer the tiw t loM waak, an liifirnaaa in wliioh only
flTO ot tba thirty-oaa dtlaa tnoladad in oar atateoient do not
partidpata. Tba greater part at the gain teoorded ia, of
eooaa, at New York, and thoagh In aooM meaaare dae to a
mora aetiva apecolation at the Stock Bjudianga, it also marks
an iaptorament in general hnainaae, Subatantial additions
to tha flgnrea o< July 81 liaTe alao Iwea made at Philadelphia,
Chicago, St. Louis, New Orleana, Loaisrille, Omaha aad
Minneapolis. Through tlie oourtasj of Ur. Burweil, Manager
of tba Clearing House at Minnaapolia, wa are this weelc in
receipt of, and ahall oontinaa to raoeiTa, tha returns of
okariaga for tliat dty.

Tba comparisoo with
from tha fact that tba

778.919
840.147

•78,8401980

ODoa In two WoreaMar
!• aabaoiiben ol the Sprlncaald
I

•74300

107,196.0)1
7,888,000
11.8e4,788

Portlaad

8*.

874.888
887.418

*ea,98a,798

NawBaraB

1.179318

970,S70
888,183
801,018
830,004
488,878

Bartfotd

8,888,400

1.788,418

«....

Btwtfwi

•W380378

1181088301

Zd

loatM

«i*.ia(v,080

8,979.900

~

Boatan.

miadalpbla..

•610081,637

•423.998317

(l,l:i2310)

(1,860378)
6S,0»«,0a6
86,1183<*8
7,050,570
86,860,000

63.840,408
,

Baltbaora

40,881363
9,614,«a6

(Jhlaico

48380,000

Bt.LaaU

18,891.073
8.473.731

11308303

•>y«3l9370

•673,743363

Raw

Orlaans...

Total
Balanoa, Oooatrr'

8,037,136

A.

PtrOmt

+90-3
(-«r4)
+3-4
+99-9
+97-7
+15-8
+90-1
+18-8

(473,353,545

+««

(1,038.846)

(-HJ-4)

+19-1
+91-4

•653,197,319

•Bibnaad, but mainly raaolta tlirough expansion of trade.
40,960,969
00,618,107
Sbara tnuiaaotioaia on the New York Stock Exchange for
Total all........ •7«.»»7,4Ba •ea«,87a.«w +ia:3
tha weak oorer a market ralne of 176,711,000, against Ontalda W»w York 8g«ir7a.^a • ll»«,l774./«0 +nn9M|8IB,009 a year ago. Making our usual deduction of double V.aMlm
n t&a bult of tba.lut wtekir rotors.

68,407,613

+96-0

4S,.')00,a60

Hi»0

9.778308

+18-9
+11-7
+31-7
+0-7

43,407,000
16,066,000

8,779301

6S,a!kl,484

+90-0
+S8-J

(708,148,783

+801

»984.7ua.*aa

+>»•«

THE CHRONICLK

174

[Vol.

ZLin.

that in estimating the movement, the fa^ts controlling it

TEE FINANCIAL SITUATION.

than the trade balance) cannot be

(other

Money has continued to increase in activity this week. The Bank of England has a low
At the Stock Exchange bankers' balances have loaned at £21,430,054 and nothing to lose.
extremes being exceptional and the
higher rate the result of manipulation the average has
probably been about 6 per cent. Increased activity is
natural under the present condition^of commercial affairs
and we have indicated its approach from week to week.

and 40 per

1

cent, the

;

But the little
good part to

flurry

of the last few

days

is

our

due

in

banks,

lost sight of

stock of bullion, only

It would, therefore
shipments to America by an advance in the Bank

resist

minimum. To throw the burden
where there

of the drain

upon France

a very large stock, might be easy under

is

ordinary circumstances, but France shows a decided indis-

We

position to part with the treasure.
this

week

that there

notice,

a small receipt by

is

the

however,
Bank of

England from France.

That is to say, a cable dispatch to
by the Bank of England, which is
The Clearing House banks reportei at £115,000, was made up by a receipt from
institutions in the city.
as a whole, would be considered as still fairly well foreign sources (in part from France) of £43,000 and
supplied with funds, if they held all the deposits and did by a
shipment, principally
to South
America, of
but every year more of that is £146,000, and of £12,000 shipped to the interior of
all the loaning business
done outside of them, and they must keep in condition Q-reat Britain.
not only to respond to the ordinary calls any bank has to
The silver bullion market has recorded quite a reaction
carrying

the

position

of

reserves of

all

peculiar

they do the

as

the loaning

us states that the loss

;

expect at this season of the year, but also the calls which this week. To be sure, even with the advance of \d.., the
come upon the trust companies as well. This week it is price now 42^d. per ounce, is so near the lowest as to
claimed that the latter institutions were required to meet make the change seem almost unimportant.
And yet it
their deposits, and that this, with the ordinary may be of greater significance than at first sight appears.
made the changing of loans quite active, and We were led to notice the change more closely, because of
turned the demand for the time being on the part of a late article in the Louisville Courier- Journal saying a good
Btock borrowers very largely upon the Stock Exchange, and many hard words about the Chronicle, and charging that
manipulation easily did the rest. It was but a momentary it and those who agree with it, " having first secured a
spurt on Wednesday when 40 per cent was reached, and " decline of 28 per cent in silver bullion, are now seeking

a portion of
operations,

the rate almost immediately thereafter

fell to

6 per cent,

closing at 7 per cent.

" to

We

complete

its

expulsion from circulation by howling

about the use of depreciated silver coin as money.

''

They

have noticed in previous weeks the concentration
This
of the surplus reserve in a very few of the banks.
was even more marked according to the last return, when of
the $8,647,250 surplus reported by all, three had $8,425,500

" began by depreciating

4nd two

back over the
few months and examine into the late decline.
Strangely enough we found that it has been steady and

all

of the three $7,954,100.

alarming, and

we do

ordinary circumstances

But

tion.

a

This condition

not refer to
it

fact, in

it

is

not at

as such, for under

would attract very little atten.
connection with what has been

it

(the

are the Courier-

italics

not ours), and now the only argument
exployed by them against it as a money medium is that
Being conscious of no such purpose,
it is depreciated."

" Journal's,
'

'

action or desire, this charge led us to look

past

met in Decemwas 47^d. per ounce. The previous
ness activity and of crop demand for funds, naturally in- December (1884) it was about 49i^d., so it only declined
duces moneyed institutions to pursue a very conservative 2d. during the whole of the previous twelve months ;
Then, too, the mercantile demand for accommo- whereas during the seven months Congress has been ia
course.
dation is just now becoming more urgent and the banks session it dropped full 5^d.; and furthermore it has
must be as liberal as possible with their regular customers, reacted ^d. since that body adjourned. Thinking our
it

is

said above, which in the present condition of reviving busi-

nearly uninterrupted ever since Congress

when the

ber,

price

even to compelling transient applicants to seek money readers may be as interested in this inquiry as we were,,
elsewhere.
In the meantime the sale of commercial paper we have prepared the following daily statement of th
e
has been practically suspended and none is quoted below price of silver at London from Dec. 1, 1885, to the
6 per cent except very choice and short

bills

receivable

For new supplies of money the
Treasury and imports of gold must be relied upon. A call
for 10 millions of bonds was issued Thursday, payable
on the 15th of September. As the revenue is increasing,
this amount is not likely to reduce the Government surplus
very materially, and we are inclined to think that quite
another

likely

call

will

be issued about the

first

of

from Europe, of course that is
a possible contingency, and it looks now as if through the
fall months there might be a considerable movement.
In
fact

to our receiving gold

our stringency in

bankers'

bills

drawn

money induced such a
against

securities

pressure of

that

foreign

exchange dropped this week so low as to bring the rate on
Thursday down to the point at which gold could be imported. We learn that one million francs were started from
Paris, and it is also reported as we write that four million
dollars have been engaged for shipment at London,
though we are unable to confirm the latter statement and
doubt it. Besides, as exchange recovered a half cent yesterday, the profit in the
exists.

It

SUter

is

movement

of

gold no longer

to be said with regard to imports of gold

1835.

1886.

at

London.
1....
2....
3....
4....
5....
8....

7...

Dec.

47>«

Jan..

Feb.

H... 46'g
4615,6 46%
8 .. 46 >3

47^
47»«

47 >« 46i3ie 46 19
47 <«
46 »8 466,6
.. S .. 46 >«
46»i«
8 ..
47 "a 4(1 ^s

14...
15...
16...
17...
18...
19...
20...
21 ...

461,8 46i>8
4/»16 461,6 4U»16
47^8
.. 8 .. 4»il3
461,6 461a
47!>B
47.f,e 46>a
46»i6
46=8
.|46'3
171 16 46»i6
8 ..
46=8 46<8
47
4618 46"ie 4611,6
<6l8
8 .. 46%
4U78 47
4615,6
46 13 47
46%
46<>8
.. 8
47
4618 46"Si6 .. 8

2i

...

4(ii8

4l>''3

46!>8

23...
24...
25...

4618
4oi8

4618
.. 8 ..
4618
4618
4Hl8

46iiie
4811,6
4611,6
4611,6
461 ijg

8....
9...,

September.

As

present time.

are 5 per cent.

•which

10...
11...
12...
13.-..

.

•S:

•26 ...
...
28 ...
29 ...

27

8
46i6ie46ia
l46i8
47

SCSI

4618

...

Here

-.8

4618
4616181.. 8 ..
it

will

1

.

Ueh. April

46%
46%

Ifl'ie

be noticed that the

the 8th of December.

Hay. IJune. July.

Aug.

4458 ..8 ..
4611,8 1811,6
H... 45i«
..H...
461116 461! 16
8 ..4518 !44ia
4611,6 46=8
4515,6114% !441» 42
46% .. 8 .. 4518 J4434 I. .8., 42
46% 46^8 4519 |44% 441a 42
4611,6 46S8
15% l..S..44>s 43
.. 8 .. 46i>8
45 la 11413,6 441,6 43
441
4518 Ills
..8..
4611,6 46 Ss
8 .. 1418 4* '16 42
46% 4a»8
46% 461a 4513,fU4l8 4433 42%
46% .. S.. 4513,6 4418 .. 8 .. 42 19
46% 461a 1508 !441a 4438 42 >s
40% 461,6 45% ..8 ., 44
421a
..H.. 131 3,f
..8
46=16 15
4313:6
4618
4 lis
4«»,8 45
1313,8
4618
S . 441a
463,6
46111
4113 4313,6
463,6 44%
44=8
.. 8 ..
4613J6 .. S .. 4434
4613,6 1614
44% 44!>8 1313,6
..8 .. 4313,6
46% 46 14 45
16 14 455,6 4458 4313,6
.. 8 .
46% 46I4 4538 4108 4318
461118 ..H..
449,6 4J1»16
4538 44iii^,43%
4611,6 46 >4
44% ..8.
4611,6 ..8 . 4538
46;i,« .H.. 4533
443^ 431a
46% 46 H 451a .. 8 .. 14314
4618 4533 44% '43%
..8
16% 461,6 4538 4411,6 43%
.. 8
45 14

first

The coincidence

4411,641!%

'42%

drop occurred on
is

perhaps worth

Avaaer

THE CHRONICLE.

14, 1888.]

meationicg th*t Decamber 7ih was the day when Conmet At that time also the papers became pretty

greaa

full of the plans

and purposes and tbreatenings of the opposi

tion to the policy of the Administration resp>ecting silver,

which the public had accepted as such a benefaction. On December 8tb, too, Mr. Beck introduced a bill to anthorize the
payment of customs duties in legal tenders. That of itself
was of no importance, but mmors of the coming attack
on President Cleveland and Secretary Manning by the
same Senator were already current and gave undue
prominence to the bill he introduced at that time. This
disturbed feeling increased until Dacember 1 8, when Mr.
Beck pnaented to the Senate his celebrated resolutions
(speedily ia every one's

month

all

over the country) to the

whereas the Revised Statutes required certain

efiect that

anywhere

many

175
It

else.

is

quite

sport for

the Stock Exchange as a meredo not like modern speculation in

gambling centre. We
any degree or form, and
take part in

Wall

common and good

sections to speak of

it

is

known

well

that

we never

But speculation

there or elsewhere.

it

is

noti

though so large a part of the transactions are
speculative
that feature is only an inseparable incident
to its existence, the evidence of an error so very widely^)
street,

;

prevailing (not only in

South as

well,

for

the

all

East, but

making up the annual crop

of

ventures) that the road to ruin

Wall

street

is

West and

losses

is

Wall

in

street

a short road to wealth.

preeminently the centre of the floating

No

the country.

capital of

the

in

contribute heavily in

sections

general revival in business

ever occurred that could not

first be detected there. That
by the way which ought to be engraven on the
"the Committee on Finance be inttraoted to inquire mind of every legislator in the country, especially those
< whether the laws above stated now are or have here- misguided ones who think they can force prosperity by at" tofore be«n obeyed, and if they have not to report by tacking capital or by making currency laws which endangeVr

things to be done with the coin revenne, " Reiolved, That

is

"

its seetirity.

Capital waited for the security last June

July which

Mr.

bill

or otherwise such measures as will secure

" enforcement."

make

their

This was as bitter and spiteful as raau

a fact

administration

Cleveland's

gave

and
it,

and showed clearly enough the nature of before it again became venturesome and showed signs
Wall street of returning life.
tiie fight which be and those acting with him had chosen in
How quickly
Bat on the 21st of December Mr. Beck the country responded.
to inaognrate.
Since
January there has

coold

it,

added to theM reaolatioaa
which had
and

ministration

currency

ttver

pajnMSit

of

waa a speech

his

opposing the

them,

port of

every
that

very acts

saved

obligation

took

all

the

bnsiiw

favoring
metal.

that

in

in sup-

the

of

country

the

substantially

of the country and caused

been a quieter time
every where,
but now Wall
Ad- street again affords unmistakable evidence of returning
from a confidence.

remarkable speech

hopefulness

to loae

its

the
It

out

slight reactions, has

been

money markets
it

of the country

is

is

trade centres, that what

all

becoming

we have

less cautious

not only at this centre,

we

call

m«ney

is

going

employment. We are apt to think,
sometimes cash is only needed for moving wheat and
into

that time silver, with

in the

and more enterprising, for

buoyant but at

features.

From

So, too,

decided indications that capital

more

active

and with nearly every attack in the cotton. And that is the case substantially in dull p>eriod8.
House on the Administration's financial methods it We have raised and moved our crops for the last two
baa taken another plnngv.
have not space to years^ and pretty good ones too, almost without knowing
tnoe each step ia the decline, but it may be in- it, so far as rates of interest were concerned. Now it is
stroctive to note a few of them.
On February 1 different. Banking capital is not only moving crops, but
Mr. Bland offered in the house a series of resolutions moving all our industries at an accelerated speed, and the
osveriag pretty much the same ground as Mr. Back's, upward turn in the rates of interest becomes therefore
<mij goiog farther in its arraignment of the Administra- an evidence of business promise. The same truth is.
tMm's Treasury policy.
Those were the resolutions in disclosed also in railroad earnings. It is not crops alona,
which Mr. Coe's remarks at the previous Bankers' Con- the roads are carrying but it is the fruits of industries
vention were cited and criticised.
It will be noted as a that have received a new impulse in all parts of the,
matter of fact that silver dropped materially February 2 country which are swelling traffic returns. Look at our

steadily dropping,

We

;

aad on subsequent days. On April 8 came up the free tablea in subsequent columns where we review the railroad.
coinage resolutions, and Mr. Bland made his great effort on work"f6r July. Of course, as we there set out, the better
that subject on that day.
It is hardly necessary to call at. results are by no means wholly due to the better condition
tention to the conrse of silver bullion quotations immediately
thersafter.

rssolution

to usher in the closing disaster to the white

was the 13th day of July, we believe, when he
made his famous speech upon it, and en the following day
it passed the House of Repreeentativee.
Subsequent histery is too recent to need repetition. Silver on the 1 2th of
July was 44|d, It did not after that stop tumbling until
the Senate had passed the resolution in its modified and
comparatively harmless form. Let us now add here the one

metal.

of commercial affairs

But it remained for Mr. Morrison and his surplus and so

It

better rates contribute their part,

;

do, too, the increased products of the spindle, of

The

the furnace and of the mine.

are

just

again.

And

millions

more than

But

work

getting to
there

are
in

truth

is,

our people

producing and consuming

now

61

millions of

them, 11^

1880.

be said by some, perhaps, that this is a little
too glowing.
Very likely it may seem so. What abooti
the com crop ? What about silver at 42^d. per ounce ?
As to the corn crop, the production h beyond a doubt less
it

will

than last year's. One need not forget, though, that the
and is now wheat crop is admitted to be at least 435 million bushels,
42|d. per ounce.
We only bring these dates and events, and as the reported damage to spring wheat is acknowllegether because the coincidence is so very curious and in- edged now everywhere to have been greatly exaggerated,
teceating.
We have our own theory about them, but the public will bo inclined to take about the same view
The Agricul
it is not Beceaary to disturb
the Courier- Journal by of com until the harvest time is reached.

otbar

fact,

already stated, that almost immediately after

Ooogresa adjourned silver reacted

stating

it.

id.,

then

3d.,

tural

Department has issued

its

statement this week,

The commercial situation seems to be improving, and which we should judge is as correct as such a statement
We give the
tikere is now a very good promise that the fall and winter can be, and below are iu corn averages.
trade will be quite satisfactory.
Perhaps the business first of August figures for the previous nine years for
poise of the country can be felt in Wall street better than comparison.

THE CHRONICLE.

176
CONDITIOH OP CORN ON AUGUST
188S. ISM. 1883. 1888. 1881.

Statu.

EAiuas...
In<Uuia

89
90

.....

Nebraska
Ohio
HloblKan
Tennessee

94
106
81
98
99
91
00
91

99
92
101

96
90
87

Kenta«ky
FenDsylvaala..

New York

70
91

8S
83
97
95
84
89

101

96
100

W

86

98
103
108

94
101

lowa
Kluoorl

100

78
«6
77
78
110
106
90
85

68

S3
88
02
HO

104
104

94
106
95
100
86
108
102

"to
80
79
74
79
92
77
91
64

115
114

83
113
£9
96

96
98

'.ii
'.>')

we

receive

103
103

107

them

we must
But we may

in full.

the Currency, was both elaborate and useful, and that Mr.

George

S. Coe discussed the currency situation
and able way.

clear

As

compromising

may

difficulties

demands

of

classification for freight.

way

of

and removing disagreements, we

the

cite the action of

yielding the

in his usual

the spirit of the times in the

illustrating

in

96

At. Unltea States.

till

say that the paper read by Mr. Trenholm, Comptroller of

II')

91

102
100

M

XLUI.

papers presented at the Bankers' Convention,

1.

reserve remarks
Ulisols

[Vol.

trunk line pool

this

week

in

the dry goods people for a lower

Similar

demands had been made

The Department sUtes that the above indicates a crop before, when the pool was not so strong nor so firmly
when therefore the probability of
not much exceeding an average of 22 bushels per acre. welded together, and
demand
acreage this year was reported at 75,689,000 acres, granting the request seemed stronger, and yet the
As the
promise on August 1st seems to have been for a crop then was refused. Now, when the pool is on a very
the

Com.

Com,
Aereagt.
68,085,450
62,317,842
64,882,025

1,547,901,790
1 717,434,543

...
...

18TO
1880
1881
ias»

65,669,518

...
...

We

Tears.
1883
1884
188S

BusJwIS.

Ttan,

1 194,916,000
1,617,025,100

....
....

....

and that

bushels,

"not much in excess" of 1,665 million
compares with former years as follows.

basis,

independent
Com,

Corn,
Acreaoe.
68,301.889
69,883,780
78,130,150

Bualuls.
1,551,008,895
1,795,538,438

1,936,000,000

270 million bushels com

thus find the loss to be

and in position apparently to pursue an
and arbitrary course, the efforts of the
dry goods people have met with a considerable amount
It shows that
There is a lesson in this.
of success.
the managers of the pool are neither obstinate nor
unreasonable, and further that they are not disposed to
take undue advantage of the great powers possessed by

stable

We

claim, of course, that in acceding to the
but even with that loss the condi- them.
pared with a year ago
tion at the date mentioned seems to have afforded a prom- demands of the dry goods men, the roads have furthered
ise of a production in excess of any recent year except the their own best interests, for all that was asked was
With regard to silver and the influence it is to that rates should be made that would permit our own
last two.
;

exert on our commercial, affairs, no one can determine^
As Congress has adjourned, there is certainly no immediate cause for anxiety,

and probably the country

is

safe so

of these conditions though, crops or silver, afford,

country, which

proper request.

was not only a reasonable but a very

Had

the pool failed to yield, the behests

must have driven trade away, and thus
the trunk lines must in the end have suffered along with
Neither our merchants.
The pool, therefore, pursued a very wise
so far as and sensible course, and one as already said to promote

long as the present Administration lasts; but the fear of the
future will certainly prevent our reaching that full tide of
prosperity which every other circumstance favors.

shippers to compete with those from other sections of the

we can see, any cause for qualifying the remacks made above.

of competition

their

own

interest.

Convention have

Our stock market has been somewhat irregular this
absorbed a share of attention this week, and this not week that is, while on the whole the undertone has been
alone among the banking community but among the strong, there has been no unvarying tendency towards
Considering the relations the better prices and very little progress in that direction, the
general public as well.
business and trade, and the important part higher rates for money discouraging such a movement.
banks hold to
The

proceedings of

the

Bankers'

—

they play in promoting industrial activity,

is

it

not sur-

prising that the public should be anxious to hear the views
of the bankers in their representative capacity

upon the

questions of the day. Not unnaturally, the silver ques
Mr.
tion occupied a prominent part in the discussions.

The contest between the

there has been

Horton read an interesting paper on some of the phases The
of

that

He

subject.

also

offered

certain resolutions

which we think the Executive Council (to whom they had
been referred) did well in not embodying in their own
results,

contenting themselves instead with a plain appeal

to boards of trade, and mercantile and political associations of every kind, to labor against the continued coinage
If the newspaper report
of silver dollars.
Horton favored another attempt on the part

is

correct Mr.

of the United

rival

committees of the Texas

&

tended to give great strength and activity to the
but since the announcesecurities of that company,
ment of the amalgamation of the two committees
Pacific

trunk-line

some decline in price and
properties,

however,

less activity.

have shown

much

though rather weak at times yesterday, and
the Erie seconds have gone to the highest point reached
in the present movement. The intelligence that the Pennsylvania had refused any longer to carry Baltimore & Ohio
freight from New York had no perceptible effect upon
prices, nor did the announcement that the Baltimore &
Ohio would next week begin to carry freight from its own
stations in Philadelphia, and had also made an arrange,
strength,

ment on passengers and freight from New York with the
The
Jersey Central and the Philadelphia & Reading.
dissent to such a course.
In 1878 and again in 1881 the coal trade has been getting into better shape, and a further
United States was active in this way, without accgmplish- advance in prices has been made, but the coal shares have
ing any practical results. A similar attempt now, we are not been particularly strong nevertheless. Low-priced
sure, would meet with the same lack of practical bene- shares, very naturally under the higher rates for money,
fits.
Besides, there is no need for our taking the posi. have not been so much of a feature in the speculation as
States to take

the

recognition for silver.

initiative

We

in securing

international

are compelled to express strong

We

can force in previous weeks. Bonds also are less active.
Such susThe following statement, made up from returns colpension could in no way harm us, while it would make the lected by us, shows the week's receipts and shipments of
burden for Europe to bear so heavy that there would be gold and currency by the New York banks.
no alternative to a prompt consideration of the question
Shipped hti
Het Interior
Received lyy
Wttit endint Auo. 13, 1888,
by European statesmen. When the proper time comes
Movement,
S. T. Bankt. N. T. Bank:
when Europe has been made to see and feel the expense Coiranor..
LO89..U.S23.00a
•657,0OC
II .880.000
tion

action

a

of

by

suppliant

simply

of attempting gold

for

favors.

suspending

monometallism

coinage.

—then

aid freely to any practicable scheme.

we

As

to

will give

our

the various

100,000

OoM
Total KOld and lesal tenders..

1667,000

11,980,000

1,088..

100,008

Loss.. {1,423,000

ACOCST

THE CHRONICLK

18W.J

14,

bank holdmovement to and
from the interior. In addition to that movement the banks
have loot $1,300,000 through the operations of the Sab
Adding that item to the above, we have the
Treasurj.
actual changes in the

The above shows the

ings of gold and correncj caused

by

MOtaot.

Inertattcir

DMTttue.

1886.

ivnmrj
March

(63 roads)...,

But

it is

44,saa

I3.iS63,04S

48J00

I8.0S2.3O4

45,974
47.710
40.060
4S.7re
47,13S

I7.9S6.07B

14,808,336 Dee. 1.019,938
14,852,191 Ia<. 1,930,948
17,747,798 Inc.
207347

17,480,(«1
17,070,179

17,30«.S48 Zne.
10,417,589 Inc.

483M

April (S7 roads)
Mar (63 roads)
Jane (60 roads)
July (07 roads)

is

jross.

4S,«00
49.380
47,000

(61 roads).

February (00 roads)

188S.

Kdea.

which should indicate the total loss to the New
York Clearing- House banks of gold and currency for the
week covered by the bank statement to be issued to-d ay.
It is always to be remembered, however, that the
statement

Baming$.

Period.

this

following,

bank

177

47,305
47,400
48,186

1880.

iciae.

$

00,001.080
90.147,730

•

175.539
659,047
17.9e<,ft40 Inc. 9,068,900
17,tll2.480 inc. 9.2SS.9G0

not the mere extent of increase reported, that
What is of equal if not of greater signithe general character of the gains. Out of

noteworthy.

is
a
for the
figures
below should
whereas
the
reflect ficance, is
the actual change in the condition of the banks sixty-eight roads in our table, there are only 10 that fall
Every section of the country
•a between Friday of last week and Friday of this behind a year ago.
apparently is participating in the improvement the West,
week.

statement

of

averages

week,

—

«.3«^

WMk mUmt Aw». Vt, Vmt,
^

•

O>it03mlm.

at

ii.«ao.«oo

Um.

1091.000

—

J

inmaiiiiin

ToUi COM aad lam

The Bank

of

England reports a

week.

the

for

t«.Miaos

NjOT.oao

t««dOTm. . .

This

ckMfttn
BamkBctMim.

loos of

ao

repreaents,

the cape of such prominent roads as the Chicago

•l,4«.oao

Ums-

•.wouaM

,,,,

,

the Northwest, the South, the Southwest, the East, the
Middle States, &c. In illustration we need mention only

western and the Milwaukee

i,vm,ooc

bullion

stated

St. Paul,

&

North-

&

the Denver

Rio

Grande, the 'Northern Pacific, the Chicago & Alton and
the Illinois Central, the Wabash, the Grand Trunk of

tjom. •S.wrj.ouo

£1 15,000

&

above,

Canada and the Ohio & ^lississippi and the Chicago &
Atlantic, the Hocking Valley, the Long Island and the

£103,000 net sent abroad and £12,000 sent to the interior.
of France gained 3,950,000 franco gold and

New York

The Bank

&

City

New York &

Northern, the Buffalo

&

San Francisco, the Gulf
and the Bank of Germany
Colorado k Santa Fe, the Louisville k Nashville, and the
since the last report shows an increase of 130,000 marks.
The following indicates the amount of bullion in the Norfolk k Western, each representing some distinct section or class of traffic, and all showing greater or smaller
principal European banks this week and at the
1,825,000

lost

Philadelphia, the St. Louis

franca silver,

corres.

ponding date

When

gains.

last year.

such typical roads as these present favorthe improvement in the

able statements, the extent of
Aug. 13, 1980.

AU0.

becomes apparent, and this

situation

13. 1885.

marked when
a
ttrtmaau
ttttmiimuf

SNai Uilo week
>

'

....

Assistant

1SJ70J00

Foremost among the influences to account for this
is undoubtedly the better situation of affairs among

change,

Treasurer

$267,542 through the Sab-Treasfor

domeotio

raooirod

tiio

balKon,

following

•otUoment

and the
portant
from the
of

Custom House.
Dmtim.

•oM.

"

7.

-

0.

"

10.
11.
19.

••

-

TMlri.

•317.473 71
380,330 ••
•40.710
0«a.0«4 30
79«,9M 19
S00.004 99

M

mrifitn

must

industrial

76

•3.000
3,000
4,000
9,000
9,800
9,000

effects

390,000
80«.000
•80.000
007.000
351.000

•5.000
30.000
91.000
55,000
37.000
35,000

•66.000
sa.ooo
S3.0OO
44,000
61.000
24.000

9t5JMH> 93.705.000

•1:23.000

•276000

K:42.0UI>

felt.

paymenU we re

|20,50() in silver

ooin, clliefly standard dollars.

be

also

"

the

as

WBprtljflnsive,

JULY AND FROM
TO JULY 31.

an

im-

revival

influences

that
that

gains in

it is

of course impossible

earnings are so general and

would seem not unlikely that there is
But there have
been special influences having their origin in the
it

aamtiaate connection between the two.
also

movement
in

of crope, &c., to affect

Tbus

movement

the

benefits

liV

the

to

widen more and more as they make their
To what extent the revival of business haa

of

all

individual roads or par-

the roads in any

way concerned

winter wheat, have derived large

from the increase in that movement, which has

been almost beyond precedent.

RAILROAD BARSryOS

are

West Shore

course

such devious ways,

in

operated in the present instance,
to say, but

the

of

given

These

activity.

many and

ticular groups.

Incicide<i in the • bove

followed

though

year,

last

place

presence

v.a.
liJltaU$.

Aac. 0.

of

operate in so
their

JIM.

generally that has

railroads

ury during the week

some

only larger than

July.

»<.8»a,073 ei.400,497 95.044.att7 y0.i»7.70i

Office paid

perhaps more

is

the case of

that in

but larger than ever before in the month of

laot year,

95.181,903
40,419.080 48.73S37S

|0«4M.3S3 «1.3MJS9| 44.a05.742 OoTlOslsTe

tmioQM w—fc

The Assay

M.«3«.79a 40^9406
90.M9,«70

.,

noticed

is

roods the earnings this year are not

*

ot Rnflaiwl ........ 3l.t90.0»4

it

The

yield of the winter

wheat has been not only very much better than
JANUARY 1
a year ago, but the cereal has been early and free in comThe returns of earnings grow better with each succeed- ing to market so much so that notwithstanding a falling
ing month.
The gain in Jane was large, amounting to off in the volume of the spring wheat receipts, the total
$2,038,990, including the increase on the New York Cen- receipts of both kinds of wheat in the five weeks ended
tral, and $1,432,071 without the Central increase, but for July 31 reached nearly 12^ million bushels, against less
July the gain reaches $2,233,230 with the Central (not than 3 1-5 millions in the corresponding period In 1885.
increase
y«t reported) entirely left oat.
a heavy
Moreover, this gain is the There was at the same time
variety of

—

heaviest recorded

October,

1883.

by ua
In

in

any monthly statement since in

other word*,

not for

three years

have we had a return to comptre with the present and
in
the extent of the improvement
IIow than
shown.
very
than

from
back

the

receipts

movement

was

of

flour.

rather

As

irregular,

regards

and

corn,

some

the

roads

more
of
that cereal
had
other
roads and
and
other
much more favorable the July statement is districts had less. The same is true also of oats. In the
simitar statements early in the year, can be seen .South, the roads have nearly all had a larger cotton movethe following summary of the monthly aggregates ment, though as July closes the crop season Chat moves
to January.
ment does not count for a greal deal in that month. Ratesome
a

districts

year

ago,

THE CHRONICLE.

178

of course have been distinctly better nearly all over the
country, though more particularly on the great east-and-

west trunk

on

In the Northwest, rates were restored

lines.

To show the character of the
previous years, we give the following

the 20th of the month.

July return in

of the

recapitulation

July aggregates since 1879, from

on the roads reporting to us the
exhibit was unfavorable only during 1884 and 1885, and

which

it

will be seen that

'not very largely then.

Grand Trunk

instance, the

&

the Alton

sissippi,

XLin

[Vol.

Ohio

of Canada, the

&

Mis-

Wash-

Terre Haute, the Cincinnati

& Baltimore, the Chicago & Atlantic, all of which
have handsome increases. But perhaps the roads in the
Middle Western section, say those lying in the States of

ington

and Illinois, give the best account of themThese traverse the territory of the Central Traffic
Association, where rates a year ago were utterly demoralized, and this year have been well maintained. This is also

Ohio, Indiana
selves.

the section of the heaviest production of winter wheat.
Eaminga.

MUeaae,
Ptriod.

The roads

Ytar

Ytar

Tear

Tear

aiven.

Precedtng.

Given.

PrecedUio.

MtUt.

mta.

t

SS.IU

81,434
42,581
4U,3U3
89,108
47,899
47,135

t
16,749,536
17,951,311
83,849,112
21.39;,368

18,491.251 Inc. 4.25-,2'<2
15.354,850 Inc. 2,5«9.101
21,657 927 Inc. 1,991,:85

13,0M,577

13,052,727

IM.

1,850

17.793,618

17,859,371 Dec.

65,753

20,147.730

17.912.180 Tne. 2.235,250

July, 1880 (i^ roads)
Jaljr, 1881 (47 roads)
July, 1888 (61 roads)
July, 1883 k86 roads)
Jidy, 1881 (40 roads)
July, 1885 (66 roads)
July, 1888 (67 roads)

«8,043
54.041
81.613
47,097
48.186

Decrease.

—

was so

and

small,

2:),2i4,881 Inc. 1,143,437

&

&

Louis

give our usual detailed statement of earn-

ings and mileage,

and

this

last

year,

on

roads

all

reporting.

OrcsM

Wame

of Socul.
18S6.

N.Y.& Phil..
Bnff. Roch. APlttab..
No..
BnrI.Ced.Kai>.
Cairo Vine. &Ctiio...
eauadlan Facltlo
Buffalo

A

Central Iowa
A Alton
Cbicaao & Allautlo ..
Chic. A EastiTuIU....
Cbic. Milw.ifeSt.Pau!.
Oliica^o

Chicago

& Northwest.

Chic. 8t. P.Minn. &0.
Chic. & West Mich....
ein. Ina. St. L. &Ch..

Cto.N.O. ATex.Pao..

Alabama Gt.South..
N.0.& North East..
Vioksl).* Meridian.
Vioksb. 8h. & Pao..
Cln. Wash. & Bait....
Cleve. Aliron & Col...
Col. & Cin. Midland..
Tol..
Col. Hock. v.
l»env. A Rio Grande.

&

Denv.&RioGr. West.
Des Moines & Ft. D..

Detroit Lang'g & No.
Evansv. & T. Haute..
Flint & Pere Mara
tSrand Trniik of Can.
Gulf Col. & Santa Fe.
fil.Cen. (111. Div)....
.

Do

•Kan.

&

& Mem

.

Marq. HouRh. & On..
{Mexican Central ....
Milw. L. 8h. & West..
Milwaukee & North.

M. Y. City ifcNorib'n.
dN.y. Ont. & West'n..
Norfolk <& Western.
.

Horthern Paoillc
Ohio & Mia.sis.tippl ...
Ohio Southern
Peoria Dec.AEvansv.

Bloh. & DanviUe
Va. Mid. Div

So. Car. Div
Col. i& Greenv. Div.
West. No. Car. Div.

Joseph & Gd. Isl..
A.&T.H.in.Une
do foranolies).

St. L.

Do
St.
St.
8t.

LouinASan Fran..
Fa :0* Duluth....

Pa ul Minn. & Man
Texas ^ >it. Lonin

&

Tol, Ann A.
N.Mich.
Wab.tSi. i>ouis& Pac.

Wisconsin Central

. .

Total (67 roads)

..

OlegonR'way &Nav.
Grand

total

24,0610i!,6l3

83,825
178.591
1,329,887
191.933
554,049

210,318
106,909
224,381
38,124
907,638
85,079
668,393
89,911
114,055
1,893,976
2,036,803
472,523
113,853
177,087
222,929
70.092
33,542
29,574
25,195
120,104
44,478
17,727
187,518
551,663
86,205
29,324
93,592

iTierease or

Decrease.

+31,482

+ 7,40M

—14,616
+30,749

+ 82,36

+ 13,973
+ 46,411
+39,897

+ 23,818
+ 90.897

+ 142.021

+ 18,177
+ 2,40(i

+34,113
+31,817

+ 12,572
+ 2,59p
+ 1,553

+ 5,6(5
+30,71(>
+ 2,422
+ 12,484
+9,565

+ 61,242

—80f

-5,256
+9,021

+ 17,182

151,702
1,110,354
139,430

+219,533
+52,503

490,985
232,022
134,110
167,66t>

28,73:39,080
110,731
111,845
67,410
64,861
391,661
373,080
71,631
54,292
1,241,995 1,057,332
139,543
120,993
277,600
270,673
238,716
116.272
51,965
46,809
50,176
41,426
144,711
136,074
237,256
187,397
1,120,865 l.OOl'.Oll
317,156
281,799
34,906
25,054
71,992
53,799
271,400
272,277
125.784
130,570
46,700
45,982
27,700
31.682
42,363
38,833
77,991
61.984
103,064
87,437
62.859
62,817
407,897
315,921
133,879
146,234
670,06>
550,3^7
134,361
87.593
20.889
19,9.W
1,057,352
837,902
116,160
118,507

+ 26,892

+ 63,061
+ 18,229
—9,510
+ 50..574
+ 10,341
—1,114
+ 2,.")49
+ 18,531
+ 17,339
+184,663
+ 18,550
+6,927
+ 122,444
+5,156
+8.750

+ 8,837
+ 19,859
+ 120.851

1885

1886.

990
265

663
294
990
265

3,527

3,064

511
849
268
251

490
849
268
251

4,932
3,948
1,339
413

4,815
3,843
1,318

663
294

342
336
295
196
143
170
281
141
71
324
1,317

368
lit
261
146
361
2,91!^

655
953
711
40532
15'

389
2S2
354

413
342
336
295
196
142
170
281
144
71

324
1,317

368
143
261
146
361
2,918

536
953
711
402
532
152
389
282
354

2.53

&

534
220

since Jan.
8ince Jan.

-877

St.

-4,786

353

+718

36:;

—3,982
+3,535

294
285
252
195
138
871
225

25-1

2,140

Since Jan.
Since Jan.

93,626
65,598
420,S8a
591,227

4,527,843

18,837
10,511
127.625
70,017

2,923,133
472.461
4.197,551
2,763,719

4^5,8261
157,3081
4,227.461
2,134,595

13.972
8.7s9

1,518.523
827,217

86.12'

8,021,7.37

67,298

2,250,154

57,943
43,860
1,610,916
1,502,708

22,231
14.769

237,511

113.442
81,620

989,742'
1,004,1721

8,425
10,576
39.H)2
84,156

188,7'25

'86
1, '85
1.

122,653
78,374
434,509
702,375

7i>,7aS
411,803

4,604,148
3,333,150

40,80o!

1,723,7.52

11,596
9,706
136,326
136,477

1,300
4.877

198,955
140,i:«
966.797
908,453

44,U01
S40,59oi
313,0951

17,404
V4.919

19.375
17,000
1,744,853

1,071,2111
6,'204,n2i

5,007,823

525,650
1,500,845
10.797,167
15,022,210

070,739'
655,06j;
3,761,430.
3,778,C2i,

476,353
790,560

9,236
28.855

1, '86

10,855
2,886
38,721
18.368

4,500
90,601
0?,9J8

.309,308
121,441.

1,773

125.2ft<:

550,393

1.900
876.019
243,276

34.V12
16,505
e20,96S
524,367

146,993'
79,700,
727,0131

51
110.403

202,500

276,840
605,410
3,770.600
6,201,890

867,380
755.5701
6,123,573
5,876,955'

1,044,051
1,087,051
5,246,306
3,799,452

1, '86.

Since Jan.

1,

'86

Total of all—
5 wk8..J"l», 18K6
5 wks.,July, 1883
6 wks.,Juiy. 1881

Since Jan.
Since Jan.
since Jan.

1, '86.
1. '85.
1, '84.

'36,iM4

11)2,107

55,700'

£5.200

78.515
1,039,751

28,825

600
88,885
6,630

83,1891

469,'2:jUi

10,750
17,369
174,600
233.600

17.700
4,200
s-<i,80o:

8,700

28,661

83,358,

211,183
I'.O.SIB
4,951,482!
S2,331|
121,904
9,012,038! 4.731,990
li:l,ii91
229,62'i
6,526,005' 4,44,-),2.<.->
9.33,594
4,8011,3241 27,534,aii5| 53,464,590,32,47H.0J0, 7,70J.339|
4.830,4^21 30,5;i4,575( 81,484,123 3'i,'238,99»' 6.S41,815: 1,390,613
4761469 21,07«,0il3l 55,243,156.33,598,919, 5,3iS,012! 1,693,887
826.76ll 18,425,770

5SH984I

9,154,969

6,115,3t-5i

S71,Hl9l

6,848,287

The part played by the heavier -wheat movement is
here clearly brought out. At St. Louis the receipts of
the cereal this year were 4.J million bushels, while in 1885
they had been only about a million bushels at Toledo
;

we have
less

in each year.

receipts of nearly three million bushels

than half a million bushels, and

about

only

against

At Milwaukee

make

are, for

(bus*.)

Duluth—

413

There

566,210
714.005
3,571,330
6,U56,1U«

5 wks.. July. 1886
5 wli8.,July, 18H5
Since Jan. 1. '86

2,140

418

1, *88.
1, '85.

Peoria—

735
100

+219,450
—2,341

(bu<li.)

7.762,988 2,623,651
6,645.286 2.9S.s,409
32,0ir,8S8 19,050,766
85,749,014 20,516,134

380,983
16^,105
2,100,796
917,241

31.i,B3tf

5 wks., July, 1880
5 wks., July. 1885

1,475

735
100

Barley,

Louis—

Since Jan.
Since Jan.

195
138
815
225

1,475

(bush.)

1,517,(96
1,276,035
4,114,977
9,445,199

30S.687

„

774
353
363
294
274
252

+ 19,677
+ 46,768
+ 6,899

OaU,

(biMh.)

(bush.)

Wluat,

5 wks.. July. 1885
Since Jan. '., '86.
Since Jan. 1, '80.
Clevelafld—
5 wks., July. 1886
wks.. July. 1885

128
254

774

AKD ORAnJ FOR FFVE WEEKS ENDED JULY 31
AMD FmCE JANUASr 1.

1,920.710
3,014,866

5wk8.,Jnly, 1886
5 wk».. July, 1885
Since Jan. I. '86.
Since Jan. 1, '83.
Toledo—
5 wks., July. 1836
5wk8.,July, 1885
Since Jan. 1, '86.
Blnco Jan. 1, *85.
Detroit—
5wks.,Julr, 1886

616

excellent showing.

the roads

I

5wk».,.)uly, 1885

20.572,530 18,318,356 +2,254,174

make an

all

not one that shows

of

Milwaukee—
Swks., July. 1886

1,236

503

54
321

movement

5wk«.,Julir, 1886
5wlls.,July. 1885
Since Jan. 1,'86.
Since Jan. 1, '85.

off,

Separating the roads into groups, the trunk line roads,
all

is

Chicago—

527
220
54
321
503

a Fisures of earniai(s for last year have been adjusted go as to
the basis of comparison the same as this year.
of course,

Columbus &
what important

among

believe

our table there

Flour,

20,147,730 17,912,480 +2,235,250 48,186 47,135
421,800
405,876
+ 18,921

Includes three weeks only of July
t For four weeks ended July 31.
) Mexican correnoy.

We

Springfield, the

the

understand

to

(661s.)

2.643

- 12,555

&

and

Evansville,

of all the other cereals.

160

l'.i8

+91,973

this district in

BEOSIFTS OF FLOITE

%015

160
1,236

616

+ 16,007

Indian-

But the effect of the
year ago.
wheat is seen also in the case of
the roads running south and southwest from Chicago
such, for instance, as the Illinois Central, the Chicago &
Alton, the Wabash, the Chicago & Eastern Illinois, and
The following is our
the Evansville & Terre Haute.
usual statement of the grain movement, showing the
receipts at the different ports, not only of wheat but also

2.53

2,015

2,778

+ 15,627
+ 10.012

to look

Chicago, the Indianapolis Bloomington

influences these were.

increased

+65,357
+9.852

+ 18,193

We have only

roads as the Cincinnati

smaller earnings than a
Uileatje.

6ti,643

21i',210

Gull

LOntc Island
Loufsv. Kvans. &St L.
Louisville & Nash V.

St.

85,401,

2,50,251

(Iowa Div.)
Ind, Bloom. & West.
Ind. Decatur & Sp...
C. Ft. S.
C. Sp.

$
241,800
114.312
209,735
68,873
990,000
99,052
714.804
129,808
137,873
2,036,000
2,127,700
490,700
116,259
212.200
154.776
82,664
36,140
31,127
30,860
150.820
46.900
30.211
197,08b
612,905

1885.

124,600

(So. Div.).

Do

•Kan

Baminos

and second by

of wheat, which latter last year

year so large.

Midland,

Cincinnati

from

OROS8 BABNINOS AND KILEAOE IS JCLT.

rates,

Western, the Indianapolis Decatur

Peoria Decatur

'We now

this

of such

at the returns
apolis St.

by the higher

first

movement

the increased

»

have been favored in

in that district, therefore,

way

a double

but

spring-wheat
I

too, it

300,000

and Duluth

these

it

markets.

may be

said that

With
the

bushels
there

should

against

at Detroit 1^ millions

be

year

a

ago.

was some falling
remembered are

reference

gain shown

to
is

Chicago,

wholly in

ArocsT

THE CHRONICLE.

14. 1888.1

winter wheat, the receipU of the spring variety having
decreased.

179

roads running south and southwest from Chicago, and
not those running northwest.
This is evident from the
figures of the inspection of the two classes for the month.

Earnings last year of coarse were very poor, so it
becomes interesting to know how the totals for this year Of winter wheat the inspection embraced 3,252 cars this
compare not only with that year, but with some of the year, against only 273 cars last year; but of spring
other previous years. Accordingly we have selected a few wheat, the inspection was 877 cars, against 2,458 cars in
prominent companies, and compiled their July earnings 1885. The decrease in the latter represents a loss of
600,000 or 700,000 bushels, and it is in the face of this
for six years past as below.
that the Northwestern roads [show improved earnings.
1881.
ISM.
KM.
imi.
JWv.
We find, however, an increase of a million bushels in the
s
«
com receipts, in which increase we may snppos^both the
7IUW
ffr8J05
7MJ8M
CU«MO A Alton
ISl.WS 122.430 spring wheat and the winter wheat roads have shared, and
isT.am uAMta' UMsa U0.(
Ctaleaco a'Kut. Ill
I

I

L. a Cbic.
raiuTllla a Terr* If tM

CbL lad. St.

tu.*o»

injasi'

tOMIS' isajM

in.181

73.4a

.

nuaoUCtnt.
CkUAlUft T JL( M -B UiM)
(Ui. OiT.).

auit
r

4M.lflB'

u.am

i*a.iw
61«.T«

aSLMB
101,U8
9SJ«0

HH.S)8
UII344
4«,M»

U0J88

ljn»,«Tl l.«B7,41T 1.T4I.U8 i.T90jin'xma»i'i.nt>.on

Total..

there

is

also considerable

movement

em

these roads had larger earnings this year

all

with the years

year, but

last

we have prepared

the following table run-

ning back to 1881.

In the latter year

than in any other year except 1882.

movement was the same

the condition as to the wheat

pork, cutmeats, lard

roads, not only with

preceding,

Nearly

—

increase in certain items of the

and live hogs.
For the purpose of comparing earnings on Northwest-

provisions

as

JulH..

I88S.

1884.

isee.

In that year, as

in the present, only perhaps intensified.

in this, there was an excellent yield of the cereal, after a

1683.

Bari. Cad. Rap. a No...
Chle. MU. a St. Paol....

Ifortbacat
very poor yield the year before, and the movement was Ohlca P. Mlaa. ao..
Chle. St.
early and very free not unlikely more so than in the St. Paul Minn, a Man...

SI».1M

814.881

1881.

*

(

*
IM.87ei

I

its.aeo

i«e,«70

»
174.381

s,ae8Jr)0{ 1 .888^038 1.848JM5 l,Sni88S 1.404.087 1,088.708
8.1*7,700 8,0883081 1.87II.1T; 8, 160.831 (.OSe.BSS 1,083.031

4IO,100|

*1»Mi\

4a«.78u

ST0.0A4

—

SS0.3S7

SOMSS

444.338
888,787

88e.4»8|

857.779

888,80a
S9S.783

S,434.iat«S.178.070S.I»3.Me&.«a8.S8B 4,»tO.S«3 i.sos.oja
Total
were low and there was an
Bat what it is parargent demand for the new wheats
We thus find that the St. Paul makes the largest July
ticnlarly important to observe is the gradaal fall year by earnings ever reported, and so does the Omaha, while the
year in the aggregate for the roads given, so that from Northwest is close up to its best previous figures.
And
§2,013,204 in 1882 the toUl in 1885 had got down to taking the five roads in the table together, their aggregate
In 1886 we have at one bound a recovery to earnings are considerably ahead of any other year, not$1,657,417.
which placet the year ahead not only of 1885, withstanding a heavy falling off on the Manitoba. Of
$1,868,674,

preMBt

year, as then stocks

bat of both 1884 and 1883.

As

course some of the

regards Xorthwettam roads there

The

Dnlath.

a decrease on

latter

j>:

traffic

compare,

we

give the follow-

ing table of the receipts of grain and provisions at Chicago
for

July,

much from

k

tad bendoa there has been a falling off in the movement
of wheat in that territory this year. The Burliagton
Cedar Rapids & Nortbam ia probably suSeriog
from the effects of the eompetition of the MioneMt* k Northwestern and other new lines to Sl PaaL
But all the larger and more prominent companies, like
St. Paul
the Chicago k Northwestern, the Milwaukee
and the St. Paul *& Omaha, show gains, which is
all the more noteworthy that at least two of these three
Even the St. Paul Minneaporoads had gains a year ago.
lis k Manitoba, on which we had almost become accustomed to teeing a decrease, this time has an increase.
These Northwestern roads do not carry any winter wheat,
and we have already stated that the movement of spring
wheat was smaller than in 1885. To show how some
other leading items of

have greatly enlarged their

lines

mileage smce 1881, but that does not detract

Northern and the St. Paul the importance of the present ^gains, especially as
bad a very heavy gain a year ago, years immediately preceding it was not unusual

the Burlington Cedar Rapids
JC

is

and since January

1,

in each of

the last three

yean.

in the'
to see

diminished earnings even on heavier mileage.

Southern and Southwestern roads give an excellent

Some of the Richmond & Danville
among them that report any

account of themselves.
lines

are the only ones

The

decrease.

increase

heaviest in Texas and the

is

Southwest, as witness the gains by the Qalf Colorado

Santa Fe, tbe Texas

&

and the

St. Loais,

St.

Louis

&

& San

k Nashville, the Norfolk &
New Orleans & Texas Pacific

Francisco, but the Louisville

Westem, and

the Cincinnati

are also distinguished for the excellent character of
Below we compare the earnings of
their statements.
leading Southern and Southwestern roads for six
toOM
lines,

yecn:
ISM).

1888

July.

8

I

18M.

S

1881.

18SS.

•

•

8

«

il44.8»>

88.0tS
200.49T
817,18S
173.875
838.771

i84.«ia
330.014

858.888

2,4.17. 4fti ij^8.4>'l

i.xoi.tjee

MI.88M 188.480

Ml,48a

188.488

107.W8

888,0*3

GaU Col. a Santa 7a.

840,048

*40,87<>

821.100

Cantral (Soath. DIT.j' 230,Ul|
LunliTllIe a NMhrlllo... l.Stl.uoe l.a«7.8SS 1.080,104 1.184.770
188.884 SlO.ISe
•«37.gS« M*7,W7
Norfolk a Wntern
8B0.«8i 87«.«««
«71.40o| r78.»n
RIctamoadaUanTllle.
140.777
I85,7IH
180.870 UI.8M8
VInlnIa Midland
Ix>nU a Sao riao
407.W7I 818.884 880.111 1170.101
St.
III.

1.IK»8.'<<»

iei,s;>s

!

asctim AT cncAoo nvano 40lt

ajid siscb jam.

i.

lOAMT

]

laM,

/<M.lt»/ltl|r*L

vmt.

WkMLkwIi

f

UM.

-itUfiU

SMjrwl
4.S44JM

m»t

OaU...»Mk.

-Duo

IIT.1M

*MMm

......

.,

isi.o*

lass.

imjm

;

Csra.-toiua.

Bra.

ToUl

J„^

1

UBS.

4.14SJS4

ITAS WLSSM88
isuHojn St.lMAIl'

3l.tl»JIH»

»i.irro|

i.u»,»o
3.J..«^

4,«»1.WI

Total «r»ln
rioar ..tbc.
rtark...MI>

CMsla-IlM!

priies

|.i.07t.*:o

IMJM

8.ITI.7WT
t?4.T4«

«i,aa4.«'9

1S.44V.WI

iMis.nB

t7.«l*jSSI

»,'«T.'0«l

t.lMilV
H»,lt>

4481.817

4a.4S4.SSB

SM^IT

s.7tai8aa

-

,

1-n

total here

both

whereas, in

for

varieties,
fact,

74.4<n,lW7' «l.-i;.->l

B.»ni

!!.»•

l.aM

I.i<l0>

t^MtJUO,

the gain, as already stated,

has inured

30,33-)

M.«BB.a*r>' Tt.04l.0t8
sijeuMi 4i).»4.4ao

wheat is misleading, as
and shows apparently an

the winter variety, and

tV.574.42S

I.W>.TU>

\»J»d.T>l

l*'! .. lt>«
lJT»h.«.N

The

.;,.-' A
i;:.i:»

1

18HC

1

38.1

is

lii'7<B.MBla.884.iM B,a6.1.74W

We IMC ttie
Here we observe a pretty steady progress from year to
year.
Mileage has increased some, but not on all roads,
kpproxlmaM Ogatea

*

2,<M.1.19e

it

com-

increase,

wholly in

to tbe benefit of the

here.

it has in the Northgratifying to note that the

and cerUinly not to the extent that
west.

For

this reason

it

is

seven roads in our table form a total of $1,851,866 in
or about
1881, have increased in 1886 to $2,726,516,
$900,000.

Between 1883 and 1835 there had been a

decrease, but in 1886
total

up

we have a

recovery, bringing the

1883.
to larger figures even than in

played by the cotton

movement

The part

in the earnings of these

roMls during the last three years,
following table in the usual form.

may

bejseen from the

THE CHRONICLE.

180

XI0BIPT8 OP CXXTTON AT 80UTHEBM PORTS IS JULT, AND
JAirCABr 1 TO JULT 31, 1886, 1885 AND 1884.
Sine* Januarv

July.

Name
St.
St.

1-

1886.

Galveston
balea
Io<Uanola,&o

n*w0rleaiu

68,727

130,774

1

l,fl62

422.716
60.612
24.482

423.1119

113,1)89

112,021

2.260

71,430
8,473
10,700

91.2S0

1,6^2

173

612

6

11

8,550

G08

15S.014

2,601

687
48

830

nortda
BftTumah
Brunswick, &e
Charleston

88.680
16,166
208,816
4.604

443

48
848
10
«80
86

2,620

8,487

267

128,282
6.688
25,089
8,632
186.067
100.487

28.480

8.880

7,741

1,617.450

4,807

.Port Royal, *o

185
42

WUmlnKton

5

46

Morehead City, Ac.
Horfolk

8,161

West Point, &o
Total.

1885.

700,843
3,501,880
819,295
6,890,319
794,657

8t. Louis
St. L.
Pac...

A

Vol. XLni.

Inereate.

616,038

84,805

3,697,30.>

525,752
6,332,257
834,817

Oeerease.

192,425
203,543
567,002
'ih'.ieo

1,5(12

11,55*

HobUa

1986.

Wisconsin Central

8-20

475

480
63

1,700

A

Wabash

1886.

1886.

1884.

of Road.

Paul & Duluth
Paul Minn. A Man...

Texas

Port:

I

Total (64 roads)

17,824

A Nav

2,977

14.008

1,668

2,:

132

112.3S4

148.4S9

44.226

57.890

828.006

1.0111,163

Grand total
Net increase

1,594,652

126,094,175ll21,O3O,884 7,557,943

Oregon Railway

5ii.0H2

124,238.062 118,737,498 7,095,216
2.756,113
2,293,386 462,727

1,594,652

5,96.5,291

Concerning net earnings, which this time cover June
and the first half of the year, there is nothing to be said
except that the June figures are almost uniformly favorable.
The roads in tbe Southern Pacific system and the

Burlington Cedar Rapids

Tork &

&

Northern,

tlie

Buffalo

New

Des Moines & Fort Dodge, th©
Denver & Rio Grande Western, the Mexican Central, the
we have the Bufialo Rochester & Pittsburg, the Buffalo
New York & Philadelphia and the Long Island in the Northern Central, the Reading Coal & Iron Company and
the West Jersey are about the only ones that have lost in
East, the Detroit Lansing & Northern and other roads in
net for the month.
Almost all the others have larger net
Michigan, the Denver & Rio Grande in Colorado, the Orethan in 1885, the trunk-line roads, Burlington & Quincy,
gon Navigation Company on the Pacific Coast, and the
Mexican Central in Mexico, as illostrations of the course of Union Pacific, and the Southern roads, being especially distinguished for their heavy gains.
As showing the tenearnings in various distinct districts.
dency at the close of the half year, it is well to remark
The statement of earnings for the period since January
that quite a number of roads which for June have
1 has of late months gradually changed its character, so
improved net, for the half year report a decrease. The
that from showing a
"With regard to roads in other sections of the country,

decrease in

shows an

and the same

increase,

The

Tidual roads.

is

it

now

many

indi.

aggregate

the

true also of

and there

increase reaches $5,963,291

following embraces

&

Louisville

&

the

St.

Paul Minneapolis

&

of the

Illi-

&

Memphis, and
Following are full

Manitoba.

Naue of Road.

Atoh. Top.

& S. Fe... Gross.

Baltimore

& Potom. .Gross.

Net...

Buff.

N. Y.

A

Name of Road.

1886.

BnffaloN. Y. & Phil....
Buflfalo Rooh. & Pitts.
.

Burl. Cedar Rap.

Canadian

&

No.

Pacitio....

Central Iowa
OUoago & Alton
Chic. & Eastern Illinois.
Chicago Milw. & St.Paul
Chicago i!k Nortliwest ...
Chic.St.P.Minn.A Omahn

& West Micli
Cin. lud. St. L. A Chic...
Cln. New Orl. & Tex Pac.
Alabama Gt. South'u.
New Orleans & No. E.
Chicago

Vioksburg & Meridian
Vicksburg SU. & Pac.
Cin. Wash. & Baltimore.
Clere.

Akron &

Col

Col. <b Cin. Midland.....
Col. Hock. Val. <fe Tol...

Denver* Rio Grande...
Denver & Rio Gr. West.
Des Moines & Ft.Dodge.

Detroit Lansing &. No.
EvansT. & T. Haute
Flint & Pere Marquette.
Grand Tr. of Canada ...
Gull Col. <& Santa Fe
.

IlL Cent. (lU. Div.)
Do (So. Dlv.)

Do

(Iowa Div.)...

Indiana. Bloom. A West.
Indlanap. Doe.& Spring.
•JCan. City Ft. 8. & Gulf.
•Kan. City 8p. & Mem..
Long Island
Doulsv. Evansv. &St.L..
liOvUsvllle

4

Nashville..

Uarq. Houghton &Ont..
Mexican Central
i
lilw.

Lahore & West' n.

Milwaukee & Northern.
New Yorn Citv A No
N.Y. OntarioAWest'n...
Norfolk & Western
Northern Pacitio
Ohio & Mississippi
Ohio .Southern
Peoria Decatur & Ev...

Klcnmond*

Danville...

Va. Mid. Div
So. Car. Dlv
Col.
Green V.

&

Dlv

West. No. Car. Div....
Bt. Joseph & Gr'd Island

L.A.&T.H. main line
Do do (branches)
Bt. Louis &S. FranclRon
Bt.

.

Bnrl. Ced. R.
1

TO JULY 31.

1885.

3,284,101
523,045
198,611

670,990
422,169

647,438
395.673

1,251,996
9,118,849
1,103,319
3,455,917
2,039,017
891.257
1,349,233
219,699
1,298,973
768.445
1,618,142
457,968
7,540.011
514,752
2.120,864
1,181,485

1,087,190
8,241,814
738,734
3,512,283
2,346,950
883,831
1,228,887
181,102
1,374,801
896,320
1,542,524
387,624
7,892,190
405,547
2,151,169
681,926
320,786
240,031
681,230
1,424,427
6,606,441
2,020,215
226,830
382.289
2.127.830
827,022

23,552
26,436
164,806
877,035
364,585

343.655
304,526
717,478
1 ,686,645
6,108.122
2,077.877
261,488
407,785
2,160.699
811,529
423,508
331,829
281,894
624,975
671,.568
387,293
2.437.400

275,591
102,888

2.30-2.926

Inclmles tiireo weeKs only of July la each year.
I Mexican currency.

•

38,700
162,931

889.877
41,249
82,660
67.651
169,066
190,207
199,467
52,53-'

82,589
106,634
37,836

42,013
41,647
40,896
106.457
12.280
65,834

1,257,26(5

425,006
349,434
252,559
659,503
660,777
402.604

108,4.50

42 654
226,560
45,532
218,124
41,494

557,337
103,957
35,380
211,557
67,127
230,451
54,870
50,388
7,969
734,862
233,491
249,521
59,986
52,761

6,'»41,368

2,942,768
629,914
2.i4,73 2
1,2011,637

195,633
1,265,633

June

30.

1885.

7,227,258
3,114,930
655,543
251,171
1,080,443
236,887
1,413,918
375,679
206,038

Naah. Chat.

Decrease.

263',74.5

954,.579

No.. Gross.

1,252,754 1,218,772

613,606

to

1886.

23,70 i

12,505,034
12.717,092
2,983,394
715,755
1,326,711
1,430,588
589,702
378,922
227,695
186,806

6.52.383

A

1885.

Net...
2!S8,732
Camden A Atlantic. Gross.
53.341
214 525
Net...
def. 4,359
7,939
88
Canadian Paoiflo
Gross.
895,923
4,160,342 3,352,827
Net...
376,450
1,29^,615 1,114,408
Gross.
322,799
Cbesap. A Ohio
1,819,818 1,566,414
Net. .
71,774
503,719
367,983
£liz. Lex. A B. S.. .Gross.
67,411
393,475
316,008
21,8;i9
Net...
21,593
12.S,659
95,391
122,60ti
Chea. Ohio A S. W... Gross.
11.3,361
730.269
701,625
Net...
38,255
29,012
226,94 i
179,353
CUoago Burl. A Q... Gross. 2,148,532 1,992,485 11,523,359 12,372,968
Net...
939.076 763,287 4,844,133 5,155,647
aevel'd A Canton. .Gross.
32,983
26,042
160,742
142,867
Net...
8,833
3,558
40,881
21,599
Gross.
555,386 525,342 2,879,941 2,732.438
Denver A RloG
Net...
202,278 176,937
946,777
827,753
89,428
467,539
Denver A Bio Gr. W.Groas.
91,396
436,840
Net...
35,120
141,(16
36.152
82,771
Moinefl A Ft. D.. Gross.
Des
22,133
27,323
150,812
169.287
Net...
944
7,010
25,237
37,153
101,679
731,477
Louis V. N. O. A Tex. Gross.
67,147
533,229
Not...
l5,7»-0 df. 10,637
132,372
51,095
274,764 278,: 70 1,841,264 1,880,496
(Mexican (Central... Gross.
99,483'
Net...
78,712
586,793
833,997
236,132 103,436'
942,769
Milw. L. 8h. A W... .Gross.
565,653
Net...
117,563
421,472
26,3211
154,138

151,676

4,307.329
856.45.T

Net...
Phlla.. Gross.
Net...

Jan. 1

14,394

Increase.

1,442,437
622,520
1,175,368
5,150,342
693,632
4,224.669
923,500
12,675.000
12,907,399
3,182,861
768,293
1,409,300
1,537,222
627,538
336,909
269.342
227,702
1,061,036
287.871
168,772
1,242,872
3,492,846
552,939
174,910

1,290,761
661,220
1,638,299
4,260.465

June.
1886.

particulars.

OROSS EABNINOS PROM JANUARY

roads from which returns can be

GB0S8 AND KET EARNINGS TO LATEST DATES.

Northern, the

Nashville, the Southern Division

nois Central, the Kansas City Springfield

all

obtained.

are eighteen roads out of sixty five that have smaller earnings than a year ago.
The decrease is important only in

the case of the Burlington Cedar Rapids

Philadelphia, the

A Northwest.. Gross
Net...
A St. L.. Gross.
Net...
Gross.
Y. L. E. A W

Minn.

29,894
*N.

Net...
Gross.
Net...
Norfolk A Western. .Gross
Net...
Northern Central. .. Gross
Net...
Gross.
Northern Pacific
Net..
Ohio A Mississippi ..Gross.
Net...
Gross.
Oregon Imp. Co
Net...
Greg. R'y A Nav. Co. Gross.
Net...
Pennsylvania (all lines east
of Pittsb. A Erie) .. Gross
Net...
Phlladelp'a A Erie ..Gross.
Net...
Gross.
Phlla. A Reading
Net...
Coal A Iron .Gross.
P. A R.
Net...
St. Jo. A Gd. lel'd... Gross.
Not...

N. Y.

56,371
307,933
7,426
120,351

38,597
75,628
127,875
75,618
70,344

352,149
109,205

36!305

499,560
22,8ti9

64.495
36,248
262,218
501,681
57.662
34,658
25,498
32,849

—

15,493
1,498

15,105

Southern Pacific Co.—
Galv. Har. A S. A. Gross.

65,4 ';i
10,791

G.

15,311

W. Tex. A Pac. -Gross.

LoDlsiana West'n .

.

1,027,218
412,079
8,658,148
1,669,436
1.513,915

438,391
1,237,030
445,693
2,597,771
1,043,174
4,606,430
1,920,780
1.738,416
384,714
1,362,027
248,199
1,887,510
669,814

4,336.101 3,735,638 23,250, 164 !1,319,593
1,351,133 909,414 7,6>iH, 624 6,519,859
332,382 269.943 1,«67, 710 1,482,199
139,763
513,719
(!5,293
709, 694
2,532,364 2,428,294 13,420, 720 12,710,204
943.4 ')7 5,099, 49
1,049,939
4,719,138
1 .3 11 ,840 1,320.096
6,133, 069 6,6:^6,123
df233,574 dt.79.591 dl.l21, 781 If, 158,082
8S,077
68,231
546, 934
497,519
249, ,7461
100,500
34,359 def. 637

201,966

Net... dof. 2.909

29,335

134.474

ANew Eng

43,715
24,356
178,139
147,700 1,0-0,802
75,205
417.194
61,903
1,887,505 1,451,933 10,157,049
554,577 315,52i 2,8112,421
314,316 271,057 1,792,155
96,520
583,644
81,263
223,120 191,767 1,449,381
56tl,097
85.404
57,054
432,536 416,21« 2,582,4(10
95,468
135,980
899,330
1,077,356 1,012,507 4,987,-'57
55«,285 564,887 2,170,246
308.119 264,201 1,730,721
83,462
423,953
71.895
271,782 222,442 l,231t,52l
219,29!^
86,120
45,393
2.331,313
481,735 382,782
240,014 183,852
927,7aO

2,916
Net... dof. 2,612
G ross
48,710
Net...
21.333

225.587
84,224
5,< 5
4,118
43,379
'

20.;'26

1,233,339

1,383,660

88,6.10
23,.320

577,927

6.730
300,465
144,018

def.

287,813
148,594

* Including 68 per ceut of earnings and entire working expenses o
t Mexican ourrenoy.
the New York Pennsylvania A Oiilo BaUroad.

I

ACOCST

THE CHRONICLE.

18W.

14.

Jtmt,

VXMM or BDAD.

188&
•

Boatbcrn FMdlle Oo.—
Margna'a La. AT.OroM.

13,1S5
12.43S

A H«s..OroM.

H. T. Tex.

Tezaa *

Colon

Not...

64A>31

A fir's.

W«»t Jcn«7

.

If-

11

Nel...

J%/y.

K.ut> or BOAO.
1885.

IHSO.

Ores-

Vy A Kar. CaOrota.

434.f
{.KM

toelsTel

18S.700I
Jfay.

Kamsov Boau

1886.

1889.

1886.

lO.OBf!

A Ind.OroM.
Met...
* Iroolon ..Gmai.

9
970.348
331.709
1,348,478
241,059

1.008.901

1.483,487

S09.S34

Dartan

lOOJMS
11,M3

19.90S,

441.084
89,949

1,396

daU.948

4»,»4ftl

Net... dar.7,S8«

»

9

GtandTr. ofCaD'iU.Oroai.

S«8.tM
•7,770

944.023
999,408
40.414
•5,418
21.2/

Oblo.

* Oraod
* M...OraM.

mini

Net...

49.719

14,094
3.766

18.469
1.614

9

9

OroM
MalaaOHtral.
Net
Ocaaoa Bbovl Lisa .Groe*.
Nat ..

1,185,167
241. 1U3
232,91.'}

29,974
Ht.no t
13,517

9

33H.146

'•.XJ.147

l,O4.^.042
3.-.J.77.1
00 .-'IJ

70,J3t
415,631
990.446

187,1191
54.tt44

4o.'^.ij

)

of

Oerman

firms

in

Eastern

the Qovemment hues for a period of eight years, and
argued that what can be done in Japan can be repeated in
China. Hence we are getting more on the alert for fear that

it is

eitlier

traoti

•

'i7,8i3

:

>i4,3U2

.

activity

by recommendations and introductions from the
highest official sources, has naturally caused some uneasiness
among manufacturers here. It is stated on good authority
that a Oeirman firm has succeeded in entering into a contract
with the Japanese Uovemment for the ezclosive supply of
rails for

1.968.977

Nrt...
Tt. .Uruaa.
Net...

Oe«. Or. H.

The

Asia, backed

973.410
Otov. OoLCtn.

poBsible.

1885.

9
X.T.
jmt

On. Iod.St.L.*C..araM.

ductive of good results to both nations. On the other hand
the weather of the past week has not been good for the crops.
Rain has been frequent and the temperature has fallen,
thus pointing to a late harvest. However, taken as a whole
the commercial outlook has rather brightened, and the cheapness of money will no doubt effectively assist in consolidating

any improvement which may set in.
The latest advices respecting the anticipated opening up of
China by railways are disappointing. For the time, at least,
all schemes are shelved, the authorities having refused to
sanction the proposed lines. Chinese ezclusiveness and official
l7U,(ii-s,
ibi.sfti;
obtnsenees will, no doubt, oppose the innovation as much aa
poaiible, but the intersection of the Chinese EmQJre by railJan. 1 to July 31.
ways can only be delayed, not definitely abandoned. Ulti1886.
18^*5.
mately European ideas must prevail, and there will then be a
9
3,796,113 3,293 38S scramble for the contracts. The Chinamen, with his native
1,110.490
865,676 acnteness, will not be slow to take advantage
of this
competition, and will get his work done as cheaply as
,ran.ltojrav31.

Net...

Oron

620,751

lief.

52:>.i('"

GroM

PM-i

L. Jc

I,a42,fl9(

448J30

Net..
83.92
Gro**. 3.2833-

pBclflo

W*b. Bt

*

1,949.282

34^7:

Rat...
AUantle •rs(eii>...OroM.

18S5.

9

859.584
63,721
24.100

352

JTet...

Vew OcL.Oroa*.

June 30.

lo

1886.

•

I

239,677,

Set...

Jam. 1

1889.

181

II". lis

Qermany or America will succeed in securing the oonwhen the time for making them arrives. Whichever

party ultimately does the work, will have to be content with
a comparatively small profit, as with such keen competition

no doubt be cut very low.
But whilst the initiation of a railway system has been
171,350 temporarily vetoed, there are other signs that China is showing
Ve^
7M0
49.7a
Orgaal
Bdoto TaUer
some inclination to move with the times. An office of mines
Nat... ilaf.4.9«-.<
Oiwa.
tBenoia
93.9941
S3.797I
has been opened in Canton, and in the course of a few weeks
Mat...
4.7791
over fifty licenses were issued. There can be no doubt that
• inaiodliw itaaa AvtU 1, In 1899. the aaw ..^_
the Chinese Empire is possesMd of vast minerqil wealth, and its
\ TbU Inctiiilaa for laat rear all the raada than vmmmI, a fxA taaar
development either by native or foreign capital would causa
of which are ao tongf o»e«atad. and Uie»<ft>r»io> taetuaeil In theUao
flcurcai
China to move forward more rapidly, and it would soon be
recognised that the railway had become an imperative necesJ|.eniB sity. Let but a fa>r start be made and the prejudice against
|9floiutarBs<^ommeYctsl
Western ideas would speedily be weakened, and in the China
ti a few years henoe we should hardly be able to recognize
RATES OF EZCHAITUE AT LO!nX>N AND ON LONOOV
the Celestial Empire of the present day. It is some satisfaoAT LATEST DATE&
tion to know that cordial relations exist between England and
China. China promises to encourage trade with Burmah
MXOBAMaM AT LOMDOM-Jvlw 29. MIOHAMOM OK LONDO-S.
which will be regulated by a special convention, and also
engages to take steps to promote trade between India and
Peoria Dee.

* BT....Omaa.

tBooe Wat.

Mat...
Oc. .Oraaa.

It

60.B09I;

9l/»<7l
313,09-

.

2-0.-.

11».S<*2

lli;

|-,

prices will

ii:ii;

0<)?,7'.<.'>

1

.

SugUsb

133%

1

•1S-3I«

m

•13-3
20-50 •aO-A3
90 90 OSO-ftl

9hart. 13

9

ia'iir'iso

8040

Bbort.

30-40
90-40

Jol; 3»

OSO-ftS
Jalr 39
13-72 ia#l2^7«t Jalj 39
13-72>a*12 77i«
39 40 a?^ 4:>9
Ibort.

Fnakfott..

IO-.V>

atworp.

gt.FMarab'ii
Pari*
8hart. 29-20 «
raria
9BMaa. S9-37>aa.

Oenoa

13-07

July 39

1261
is-'ii

2311.

3
ir

...,

49H»4e^
te^»46>a
BS%a92H

39

3A'47>a*i.^i>.

MwlrWl....

25-ir

oadti
Uaboa....

Oaava

Jbaiy ...
CMootta....
York..

Ia.4M.
la.4%d.

aw

Jalr 99 t Bwa.

Jnir
July
Jul/
Joly

3» taLtnf.
89

la. 4l»:a<l.
It. 4i<in<l.

M

30 60da7*
30 4
Qalj 39

4-8.'>'»

8«.l>*d.
4s.4>id.

inooi oar own aariMVOMI«Dt.|
LoNDOii, Satnrday, July

The holiday
whilst the

crowing

mmob

ii

telling

npon bmlneM

marked laok inimatioo they

in

rtwrtinf

Mo

31, 1880,

just now, bat

certainly seem to be

particular change can be noticed in

Mm coaditioii of the hardware indoatrie^,

but cotton and wool

Thibet.

Although the prospectus of the Manchester ship canal has
been withdrawn, the scheme has been by no means abandoned.
It is understood it will be brought forward agitin very shortly,
and the next time with a larger measure of local support.
Tbe position of the money market has not appreciably varied.
These ,4rag a temporary display of animation, due to the
inquiry in connection with the Stock Exchange settlement,
but the general demand is as slack as ever, both as regards
loans and discounts. Day-to-day loans can be had at )>i@% per
cent, and the discount rate for three months' bills is only
about 1 per cent. The lowness of quotations is not so much
due to a superabundance of capital as it is to the limited
nature of the demand. As a matter of fact, the private
deposits held by the Bank of England at the present moment are fully eight and a quarter millions less than at
An appreciable expansion of trade
this time last year.
would no doubt, therefore, speedily influence the value of
money. In the weekly Bank of England return there is
nothing special to notice. The position of the establishment
has been rather strengthened, but it is entirely due to the
influx of gold from abroad. The reserve has gained £394,753
in the week and the proportion to liabilities has advanced

are attracttng a larger amount of attention and are hardening
In rain*.
AltlMogh the progr e
made is rery slow, we are from 3fl-58 to 41-99 per cent.
The Bank of England have received tenders for £3,160,000
nevartbalaH moring, and tho chancea of a distinct improvenant in trade before the cloie of the year are increasing. The Treasury Bills to replace a similar amount maturing. The
oB of a ooawnrativo goremment to power haa created allotments were In bills at three months £1,480,000 and six
more ooofldaooe, aa it is contended that we shall now be free months £680,000. Tenders for bills at three months at
from thoee apaams of political excitement, with their disturb. £99 148. 5d. will receive in full, and for bills at nix months at
ing influencee npon busineaa, to which we have been so fre. £98 19b. fid, 20 per cent, and above in full. The average rate
quently subjected of late. The signing of the Anglo-Spanish for three months' bills was £1 Is. 9d, and for the six months

M

BWl

:

rdal treaty

ia

a favorable feature which should be pro-

£1

10s. 9d.

per cent.

THE CHRONIOLR

182
The

money have been

rates for

Open market

as follows

Lanea-shiro

BankBUle.

London

Dise't B't

.Toint

Me

row

At 7(0
four
Six
atoek
Mmtlu MotUhe MmUiu Vonthe Month. Months Bank: OaU.

Thru

an
2«

2

"

9

•
"

am 1M«-

1

M9-

16

una
Una -

88
SO

'•

• 1

TkrM

U4a - isTaw Iwa^i 1«S2X l«a2M

r»»

June 25
July

Oompanif.
Great Eiuttem
London A Brighton

IntertttaUovMt

/Of*

i

l-X»

-a

-

14

IMa^M

-1

Great Northern

1

-1
-1

jears

43lroalatlon,

excluding

£

£

26,988,700

26,428,790

£

£

and

7-diiy

Other bilU

1883.

1884.

1885.

1886.

XMiier deposits

S4.ej2.»34

AOTAmment

14,840,865

25,166,815
5,361,610
32,984,493
17,070.601

19,570,072

a2,094,4.H7

22,122,924

11,937,889

17,S!4 7.998

14,122,944

12,250.197

24,361,314

22,923,987

25,39J.165

Tubllc deposits

3,310.170

secaritles
.Other securities

Reserve of notes and coin
Coin and bullion

81,583,054
41-99 p. C.

JSeaerre to liabilities
Bank rate

2«

Oonsols

The Bank

11,934.303

44^

P- 0,

2 p.e.

21,348,091

i4H

p.e.

p. c.

4 p.e.

Julu

~2jr

3

1«
l«
l«

2W
2^

2M

2«

Dec.

%

4%

U

have been fully realized for all fine samples. The
favorable weather occurring at such a critical time has no
doubt been the prime cause for this display of steadiness, but
apart from that important influence there has been some reduc-

late rates
less

tion in the supplies offering. Imports have again been rather
small, and their meagre character will necessitate some further drawing upon stocks. Farmers also of late have been less

5Xd.

eager to realize than

9«d.

Oiii-

in consequence

4

5

4
4
5

3

3

3

3
2Hi

m
5

JulK

Opm

Bank

Marlicl

i8at«.

~25"

home

seem that the trade
condition.

case a short time ago, and
are falling off. It would

was the

deliveries

gradually being brought into a sounder
hardening of values is considered almost

is

A quiet

but without leading to the permanent establishment
any very decided improvement over current quotationsf.
Everything will of course depend upon the weather of the
next week or two.

certain,

8.

Open
Market

According to the Irish agricultural

just published

statistics

had under crops and grass 4,957, '27 acres, or
acres more than in 1884, The country produced amongst

for 1885, Ireland

8
3

2

84,383

3

i«

3

2
2

other articles 1,097,198 cwt?. of wheat, 18,133,1.77 cwts. of oats,
2,883,937 cwts of barley, 3,175,738 tons of potatoes, 3,551,783

2«

ay,

2H

4

4
4
5
3

3,292,555 stones of flax.

5
8

cereal

1«
IH

3

2H

4
3

3

6
8

•«

.

a

ket has certainly assumed a firmer appearance, and the tendency has been against the buyer. No quotable advance can
be mentioned, but both at Mark Lane and in the provinces

5?id.

~2H~ ~8

i«

4

Dec.
Inc

3

being an increase of 179.
Although the wheat trade has been destitute of animation,
and the actual business done has been only moderate, the mar-

995^4.

JtKl 15.

22.

S
3

Bt. Petersburg.

OopenbaKen

~~a

3

4

Deem

3'9

total to date is 6,894,

428. Id.

Bank 0pm Bank
RaU. Market. Bate.

Open
Xarktx

Kadrid
ytenna

4

of

i2at<.

Bambnrg
Amsterdam

'4

increase of 172. The number of bills of sale registered during
the week was 225, being an increase of 14 over last year. The

37s. Id.

and open market rates at the
now and for the previous three week s

H

8tubb's Week>y Gazette shows that the failures gazetted in
England and Wales during the week ended July 24 were 77, or
22 less than last year, the aggregate to date being 3,724, or an

Ud.

79.240.000 112.275.000 118.7SO.OfO

..-.
>i

i\

3
4

.V

SUA
SUA

81,455.000

Bank

~8

Midland

2p. c.
100%d-

S3a.

4 15-1 ed.
8Hd,

July 29.

Berlin
Vraniirort

'.

lOOd.

p. c.

sis. 3d.

Satuof

ParU

UH

22,985,740

13,579,571

rate of discount

chief Continental cities
have been as follows:

Int4rettat

2e,629,»85

26,604,813

101 7-ied.

.Snglish wheiit, arerafre price
Middling Upland cotton
Wo. 40 mule twist
Clearing-House return

6,097,128

4,418,488

stiiilordshlre...'.

.'.'..'.'.'.'.'.

Deo.
Dec.
Deo.

2

4
4>»
3
8»4

Southuustei-n

shows the position of the Bank of

follovnn)? return

3%

2

Northi-iwitcrn

-1

Sngland, the Bank rate of discount, the price of consols, the
price of middling upland cotton and wheat, and the Bankers'
Clearing House return, compared with the three previous

2»9
3»4

Sis

Metropolitan

North

-1

%

8

arbitration pref

-1

1-ie

The

p. c.

Change.

188<i.

^
2<4

London & Southwestern
London Chatham & Dover, 4'a

«'l

Nom'l. Nom'l. Nom'l.
Nom'l. Nom'l. Nom'L

1885.

Vorksblre

«

Noml. Nom'l. Nom'l-

a- mas

.

i

HI
«1
«1
«1

iMa2i« i<Ka«H

IX*
IM» -- i««
\H* -

r-Firtt half year, p.e.

:

rate*.

XLHI.

[Vol.

3

m

3

2«
4
4
6
3

3«
5
3

tons of turnips, 4,156,095 tons of

meadow

grass

and clover and

The following return shows the extent of the imports of
produce into the United Kingdom during the first
forty-seven weeks of the season.

&

Messrs. Pixley
Abell write as follows on the state of the
bullion market
Gold.— The demand for gold has almost entirely ceased, and the Bank
is now the only purchaser. There have been large arrivals during the
week, the 5;reater part consisting of sovereigns from Egypt, and the
total sent iut» the Bank sinoe our last is £.'>9G,U00: on the other hand,
ilOO.OUO In coin have been taken out for Constantinople. We have rnoeived since our last £300,000 from Egvpt, £16,010 from the West
Indies, £19,0u0 from India and £17,400 from Vera Cruz; total,
X582,400.
Silver.— There has been a continuous decline In price during the
week. We ((uoted 43''8d. lu our last circular, although this was for a
special order, Indian Uuyers not being able to give this rate since then
the exchanges have dally decliaed, and the price to-dav Is purely nominal. The arrivals comprise about £4.">.000 from the West Indies and
«3O,O0O from Chile total, £7,=s,000. The Peninsula & Oriental steamer
has taken £l.H,«tJ0 to Boujbay and £rt,500 to Calcutta.
Mexican Dollars.— Without any arrivals of Importance the price of
dollars has remained stationary at 43?id. during the week. The Pekin
lias taken £><,S00 to Penang and £2,590 to Shanghai.
The quotations for bullion are reported as follows:
;

;

GOLD.
London Standari.

1

1

•^"'l'

^

:
Bar gold, fine.. .01.
Bar gold, contaln'g

77

i.

9

80 dwts. sllver.oi. 77 10
Span, doubloons .OS
SJLm.doubloons.oi. ........

SiLVKB.
Jxay
•.

77

22.

Ijcmdon Standard,

d.

9

JMy 29
d.

July 22
d.

43>i

*»%

tng 6 grs. gold.oi.

t-tii

Oake silver
oi.
Moiioan doIs...ot.

48«
43«

Beans
Indian oorn.
Floor

51,70.1,0£3

15,643,751
11,655,635

1882-3.

60,575,053
15,091,736
13.789,001
1,953,030
2,850,351
21,433,198
15,237,574

11,687,725

l,8'id,514

9,632,821
1,888,861
2,825,512
28,047,844
12,996,600

l,550,5v)8

3,286,477
2,880,017
Z5,01U,908 25,9S3,228
15,410,687 13,575,525

consumption
on September 1)

Supplies available for
(exclusive of stocks

1883-4.
46,70.5.973
13,747, H13

1884-5.

1885-6.
.owt. 45,044,304
9..516,23»

in forty-seven

1884-85,

18815-86.

1883-84.

1882-83.
60,575.053
15,237,574
41,76d,000

Importsof wheat. OWt.45,044,304 .•il,703,023 46,705,973
12,996,600 15,410.687 13,575,523
Imports of flour
Sales of home-grown. .38,952, 832 38,073,202 37,883,190
Total

96,993,736 105,186,912

week

98,164,6S8 117,578,627

The following statement shows the extent of the sales of
home-grown wheat, barley and oats in the principal markets
of England and Wales during the first forty-seven weeks of
the season, together with the average prices realized, com-

HH

BarsllTer

oi.

Bar sllTer.contatn77 10

Wheat
Barley
Oats

pared with the previous season

47 5-18

1884-85.

1885-86.

188.3-84.

43M

A Norwegian 3i^ per cent loan for £1,700,000

has just been
introduced by C. J. Hambro & Sons, the price of issue being
98 per cent. A Portuguese 5 per cent loan for £2,400,000 will,
it is understood, shortly be introduced here and on the Continent by Messrs. Stem Brothers. The prospectus has appeared
of the Governor and Company of the Island of Anticosti,
limited, with a capital of £300,000, the object being to acquire
and develop the resources of the Island of Anticosti, situated
in the Gulf of St. Lawrence.
The English railway dividends so far announced have been

about what were anticipated, with one or two exceptions,
notably the Great Eastern and North Eastern, on which systems heavier returns than those notified had been calculated
upon. Annexed is the list:

Sales.

Av'ge
Price
d.

t.

Wheat, qrs
Barley
Oats

Sala.

2,713,666 30
2.821,499 28
362,7.i5 19

Av'ge
Price
s.

9 e,651,-?ll 33
2,853,8.13 31
4 397.170 20

Saiet.

Av'gt

Pr&e

d.

$.

2 2,641,094 38

U

3,053,390
361,537 20
8

a
7
3
5

Converting quarters of wheat into cwts., the totals for the
whole kingdom are estimated as follows:
Wheat

1885-86.
owt.33,952,B32

1884-85.
38,073,202

1883-81.
37,833,190

The following shows the quantities of wheat,

1882-83.
41,730,000

flour

and

maize afloat to the United Kingdom.
qrs.
Wlieat
Plour.equal to qra
ara.
Maize

This week.
1,798,000

146.000
379,000

Lati week.
1,833.000
182,009
382,000

Last year.
2,004,000
156,000
261,000

1884.
1,645,000
182,000

251,000

THE CHRONICLE.

Aamwt 14 nBes.]

183

BBcllah Plaaaclal .narket»-Per Cable.

re

Balances.

daily closing quotations for eecuntiea, &c., at Lonrioc
endinx Aug. 13
raported bj cable as follows for the

Th«

Date.

SeceipU.

we^

9
An?.

mu.

Wad.

Jfen.

ueuolarormotiej
Wtahrence«(lnPBrIa)rT,e'2

'•.-«

114^
130^

O.B.4itaof 1891
of 1907
U.S.

«
Ojisman PaoMe

laoig

m\

0kle.lUl.A8(.P»al...
gaoaaii steek...

Osotisl. .......
ranlB
rffiSalphIa * Beadloii
Kew Tort Central
I

34>i|

934
S«H

14S>«

142 >«

143

58>I9

58>t
13 >•
114>«

IllSM

9VS

»4\
1«2%
58 >•
13>«

114H

t2i«

42 >•

42 ".J
101»i« lOHu lOHis lOls,,
101 >« 1013,,
101»,,
82'82Xi 82-85
82-*2>s
114*9 XI13H ll3>e
114>s
180 >« 130 >4 130^ lS9'e
69
09*8
69 «

BUrer, per oi..... .«.tf

OtMoU for aoeoimt.....

I

m.

Thvrt.
I

*2H

13>«
114>4

95 H
34 >3

93 9^
85 >«

9<>«
S9>s

zl41\ 141

59T,

60 >«
14
115

MM

JO'S
ia'«

<IPammerci%I%na |¥lisceU»tie0us^eur£
Hatiokai. Ba.'nu.—The foUoirin« national banks have latel}
beenorB*nl>«d:
aJM5-nM Boettd ATeatM Nattonal Bask «f davalaad. Ohio. Capital,
•600.000. John L. Wood*. PieeWmafc 8. U Sereraoee, Cublcr,
3JM6—The F1r«t Nallooal Bank irf Bmltk (Mtra. Kaaaaa. Caplul,
•60.OO0. J. K. Barrow, PnaldeBt: W. H. Xalaaa, Cashier.
3A47-TtaF Firot Nalloaal Baak of Saait Ble Mart*. Mto h lo" QM>ltal
•50.000. Otto Fowle, Prrsidoot Edward H. Mead, Caihler.
:

5D EzFOvre roB TBI Wkbc —The imports of last

compared with those of the pnoeding week, show an
general merchandise.
in both dry Koods and
The total impons were $9,017,011, afdut 17,900.132 the premMtm week and |9,iM3,74S two wwii uht Ioub The exports
tethe week ended Aug. 10 amoonted to |«,512,151, against
•7,884,071 last weak and «7,a09.a09 two weeks preyioos. The
loBowiag are the imports at Mew lEork for the week ending
(lor dry coods) Aug. 5, an<] for the week ending (for general
nerefauMUse) Aug. 0; also totals sinoe the hnginning of the
fint week in January:
,

jse

.

vaw tobk.

voaaiaa impobts at
fbr Wmk.

18U.

ia^4.

•3.680,145

Orr Goods.

•8,90.503

1886.

isas.

•3.63»;»3

Oenliaefdlse..

«.SM.sao

•,83».B0S

a,o*9M«

_

•7,460.645

••,44»,306

•7,784.832

Total

•9.687.6'
6.329.31

•9,017.011

«bM(/aa.l.
•75,ini.»3l •7t,3t»M0 •68,61 1JS9 •89,452.977
DtyOooda
OsBl nerdlae.. 1003««JI» 193.919,0m 187,019.384 i69,d8:;,(i04

XMal 31 weahs. lt37e,Ml,MS •I64.14«,60l •393,631,113 t3.39,335JS81

la oar report of the dry goods trade will be found tlie im
potts of dry good* for one week later.
The followiiig ia a atatanaot of the exports (ezclosive of
'e) from the port of New York to foreign ports for the
'

;

Aug.

10, 1866,

end from January

1, IKJ«,

to date:

BXrOBTB VaOM WSW TOBJK FOB TMB WSBX.
1884.

1888.

1886

188S.

Pttifmentt.

7

iS
11
12
13

"
"
'•

1.20,;'

$

1

62,198,940

;4,395.7e2
62.234.570' 25,435,681
61,947, rcol 2K,ll4,62»
ei.58.=S,260, 26.288,075
60,833,i1bO; 26.521,121

;. 699.594

1,271. D-^J r^7,883.2»2

1,435,824 127,896,5S0

27.146.791

$

1

62.438.330' 24,001,006

:T.f,42.n43
r. 617.891

1,936.^23
21,319.602
1.369,326
920,858
2'*. 242.092'

rnlal

•

9

8yI,O<!B'l27.796,700

980,761
1.71.5.122

::

|Ooin Cerft.] OHrreney.

Coin.

'
1

Railroads of the United States.— From the introduction
to Poor's Railroad Manual for 1856; just issued, the statistics
are obtained concerning the railroads of the t^ted States.

The introduction says
"It will be seen that the number of miles of railroad constructed in the United States in 18*5 was 3,131, tbe aggregate
mileage for the whole country completed at the close of the
year Ming 138,907; the rate of increase during the year being
2*4 per cent. The mileage, not including elevated roads, from
which returns of earnings and traffic operations for the past
year were received, equaled 123,110 miles, against 118,173
miles for 1884. The share capital of all the railroads making
returns, including the elevated railMadi", equaled |3,817,097,883, against $3,702,616,686 for 1884; their funded debts,
$3,765,727,066, sgainst $8,669,116,772 for 1884; their unfunded
debt, $231^108,281, against $244,666,596 for 1884, The amount
of share capital and indebtedness of all the companies for 1885'
equaled $7,842,533,179, against $7,e76,£99,Ufi4 for 1664, the
increase equalling $160,134,133, the rate of increase beinf;
about 2-2 per cent. The earnings of all the roads making returns, including elevated roads, equaled $772,58f<,S;5;!, against
$770,<J»4,W.S forl884. the increase niuallinn |!,ti83,!J2.5, the rate
The earnings from freight
of increase being 0i4 per cent.
equaled $.M9,690|902; from pas8enger8,$200,863,911 from miscellaneotia eonrces, $51 ,998,980. The operations and expenses of all
the roads for tbe year equaled $503,074,902, the net earnings
being $269,493,931. The gross earnings opon the entire capital
inveated eq^ed very nearly 10 per cent the net nearly S-IS
per oant. The amount of interest paid the past year equaled
$189,426,085, again»t $17(i,Gd4,802 for 1864; of dividends, $77,The percentage of inter678,105, against $83,244,83.5 for 1884.
eat i>ald on the funded debts of the companies the past year
1
4 77 per cent, againU 4-66 per cent for 1884. The
..lageof dividends naui to the whole sha/e capital equaled
202 per cent, against 248 per cent for 1884, The earnings per
mile of lines operated the past year equaled fO,2f',.'i, against
$6,668 per mile for;l884, the decrease per mile ef|n»IIing $a98,
the rate of decrease per mile being 5'8 per cent. In the meantime the tonnage moved by the railroads has increased about
10 per cent, being 487,040,099 tons in 1885, against 869,074,749
tons in 1884, The movement of tonnage by rail is steadily
increasing, there being at the same time a slight falling off in
rates, the charge for moving a ton of merchandise one mile in
1885 being 1057 cents, sgainst 1124 cents in 18!:4. Tbe past
year undoubtedly marks a point of lower depression in tlie
earnings of our railroads in ratio to their cost and mileage
than is likely to be witnessed for some years to come, the
present year showing a considerable improvement upon the
:

;

past."

Vbrtha

•6.538,07^
902.924.Oii:

XMal 81

f6,393,76«
179,5a«,O70

•8,448491

•6,512.151

190,1341.857

lf8.92iJ,9S0

weeka. t'JOO.^as.nH •IB5.»293a«{^t95Jl89,938 8195.411.131

The foUowlBg table show* the axpocti and im]
imports of specie
tke port oTlVew York for the week ending Aug. 7, and
ing
itmat Jan. 1, 1868, and for the conespondin
inding periods

8

UBIaiidl864:

aruais

un

iKroars or sraoni at

bsw

tobk.
Anpo''''.

Wmk.

•net

BrttaiB
ttpasoe.... .........

Mne»j€m.l.
812.469,044
11.571,80!

OSraaor

Wmk.

atnetJan.1.

LiaMUia.

3.800

6,408,186

lAW
Btnas.

Twial 1886.
VmsI 1888.
Total 1884.

17.78.T

Bei',7in

tnt..
I

I888..

I884.

3,765,727,066
t

25'.>,10i<.2,Sl

231,040,215

1.S0O
3.280

486,00a

9I,9W

•35,223
88.3)7
607,04

i'.MO

• 188.900
94,808

73)899
•4,067

jreara

•5399,531
19a.777
37.690
145,385

•I«7,347
806,9g6
425,303

(•.40S,B99
10,<MI.4e6
8,e46,%7ll

Total aaseU

f 8,287,834,614
li!214,2G1.220

of railroads eotnpleted at close of fiscal

oTlhe renpecUvB companlea

127,729 miles.

full ataUalloa of operattona were
_ .. .,
123,110 nillea.
rewlveil from
And partial i>tatl«tU»(eamlnga,*c.,luolQd209 miles.
Ing Elevated ruada) from

Of which
48
93,952
8,135

5''1,157

8,991

273,388
3.258

•35.078
60,564
103.275

11.M9J

1973.090
1,141,853
2,442,747

Of the above imports for the week ia 1886, f 20,1 TO were
AiMrieaa gold oohi and $3 Amarioan iilTer coin. Of
the exports daring the same time $1,9<K> were Amerioan
gold coin,

Ositad Mataa ta^Treaaary.—The following table shows
the receipu and payte s at the Sab-Traasary tn this dty, ••
well aa the halsnosa Ib the same, for each day of the past week

l

Anrtt.
Cost RR. and f qalp*7.037, 887,350
menl
Real eatale, atncks.
other
boDda and
948,383,890
tnviwttuenfa
Caah, bllla looelvnacble, current
303,893,405
counta, Ac, Ao...

Total ll»bnitlos...$8,073„'>73,394
Bxo«ssofa««ot»overIla»)UlUea

TMalmlleace

8.839

wSSuiiH'.

8 1,817.697,832

tii

Mmt.
areat BrttaiB.

The fiscal years of many railroad companies terminate at
other periods than December 31, and their mileage is reported
ngly, and of the above 128,966 miles of track laid to
ter 31, 1885, some 1,837 miles were laid after the close
of tto fiscal years of different companies during I'^s.'S. The
total mileage reported, therefore, by all railroad companies to
the close of their respective fiscal years in 1885 was 137,789
miles, and the liabilities and asseu of the companies owning
this 127,720 miiis of road are thuj stated
Capital atork
Fiv'-' >'••
U:

5.469.8«ft

WestlBdlas

OBirCBAL axniBR VOB TBB TBAB 1889,
12a.9fl8 miles,
treoBth of track laid up toDecomlier 31, 1885
S,131mlles.
iBerease of mUeage tu the ciUeadar rear lt<Bi (2*4 p.c).

12 »,3l9 miles

Total reporting operations

Miles operated
Faaaeofera carried
hua'KOTs— mileage

Tona moved
.'ona
Tons one mile

133,110
351,427,088
9,133.673,956
"
487,040,099
49,151,891,469

Jfominoa-Paaa'ftera. •200,883.91
Freight... 519,690.992
Other .... 44,735,616

ToUl

$765,310,519

Paynicnta from available revenue
Intercat on lionili
Other Intereat

Earning*

.

(bro't for.). $765,310,519

Opertttlug expeuaea

.

498,821,526

.

$266,488,993
Net earning*
Other rorelpta, lucliirtIng roiitala rocclvert

86.392,477

by leaaor companlea
Total available rev-

$352,881,470

enue
ao, ,97

*"2'?5V?t2
6,571.348

THE CHRONICLE.

184

$77,072,105
86,138,976

Dividends
BundiieB

jgattUtttfl anil
$850,064,252

Total

Balanoo, excess of arallable revenue over actual payments tliererrom for the year

43

New HampsMre

Wisconsin
Minnesota
Dakota Ter

43

3

Vermont

12
15

410
243
198
Nebraska
144
Kansas.
Missouri
118
3
15 Indian Country.
Arkansas
245
98
57 Texas
66
14 Colorado

5
13

73

..

73

Elioile. l!«land ...
ConuooUcut ....

Iowa

11

Kew England.
Hew York
Kew Jersey

357
12
377
2

10

81

20

463

877

102

Delaware
Maryland

231
3
51

906

Pcnnaylvaula...

27
315
20
12

118
174
25
91
182
96
228
112
55
24

18
67

21
133

WeatVlTRlnla...

Middle

30
40
54

Georgia

Alabama

192
177

Missiasippi

.S13

Louisiana
Tennessee

193
47
106

Florida

Kentucky
Southern

100
133
272
20

37

784

Ohio
Michigan
Indiana

316
457
171
191

Illinois

Northern, N. H.

106
130
23
40

—At

26
98
65
83

33
90
28

190
12

Nevada
41
43
39

149

245
50
282
61
Utab
152
Arizona Ter
194
Oregon
Washington Ter. 125

4

4

5
211
89

....

JOO

1,113

435

262

New Mexico
Idabo

Paclflc

3
5

....

Beeapitulation,
N. Engl'd States

15
73
73
468 377
Middle States... 906
784
Southern States. 1,250 1,111
West.Sts&Ters. 3,465 1,884 1,691
435
262
Pao.Sts. &Ter8. 1,113

Grand Total. .6,818 3,973 3,131

an adjourned law term of the

Hampshire Supreme Court

41

Western, etc ..3,465 1,884 1,691

82
55
7

1,259 1,111

200
259

401

California

Virginia
Kortb Carolina.
Boutb Carolina..

118
48
218

263
273
101
159
100

Wyoming Ter
Montana Ter....

'gimxnciitX,

OF TUB

1883. 1884. 1885.
128
228 238
286 140
171

Territoriei.

1883. 1884. 1885.

Terriloriet.

Blaine

XLin.

PBOSPECTUS

SEATTLE I<AKE SHORE

$2,817,218

BAILROXO CONBTEDCTION IN THE UHITED STATB8—1883-85.
States and
Btata atid

Ma«8ao.liu3ctta

[Vol.

in Concord, N. H., the case of

New
Dow

Northern Railroad Company et al., involving the
ralidity of the lease to the Boston & Lowell Railroad Company, was continued until December.
et al., vs. the

—

Poor's Manual of Railroads, 1886, The nineteenth
annual volume of this standard work has just been issued, and
in addition to the usual amount of valuable statistical matter
contains several new features. The method of grouping roads
by States following each other in a certain geographical order
has been abandoned for good reasons, but no inconvenience
will arise from this change, as the general index gives the
page where each company may be found, and in the previous
volumes it was usually necessary to consult the index to find

any

dc

EASTERIT RAILTFAT,

IN WASHINGTON TKRUITORY.
The proposed Uno of this railway is from the City of Seattle, on Puget
Sound, alnng the ."liorc.-j of Lake Union, W.isliiUKton and Sani.araish to
and tlirouirii the Snoiiiialniie Pa«8 of the Cascade Mountains to the City
of Walla Walla, with a branch from gome point on the main Hue east oil
the Cascade range to the City of Spokane Palls, a total mllcago of about
5' 10 miles, with the right to oimHtnict Huch branch lines north or
south
of said lines as may hereafter be determined upon.
The cost of the road, including equipment, estimated, is as follows:
To Walla Walla, 261 miles
$4,962,254
Add 200 miles to Spokane Falls
2,466,200
Branches to coal andiron, four miles
42,724

$7,471,178
™^ .
The initial point of the road is that part of the harbor of Seattle known
a^ Smith's Cove, where the company owns more than halt a mUe of
water front and an extensive tract of land admirably adapted to the
election of shops, wharves, piers, coal bnnkers. ore chutes, elevators,
rolling mills, and every species of terminal property which would be
reiiuired for the tide-water tennlnus of any one of the most extensive
railways in the United States. It Is considered the best part of the harbor of Seattle, which has no superi'iroa the whole Pacific Coast.
The design is to connect this company's track with the existing track
along the city water front. For this purpose only about one mile of
track will be required, which wUI oitabllsh connection with every road
now running into the city and with every wharf along the water front.
Tlio right of way for this piirposo has already been secured.
One of the advantage* of this Hue is. th.it, beginning construction at
tide-water, paying business can be done on every mile of new road after
the completion of the tlrst si-c miles to Union Bay, on Lake Washington.
From Union Bay to Squak, thirty-four miles, the line runs through a
country with great timber and .agricultural resources, much of which
will be immediately available to furnish traffic. At Squak there Is a
beautiful and productive valley whose agricultural resources are highly
developed, but which is entirely without any decent means of transportation.
In the mountains which rise high above this valley is one of the
largest and most valuable deposits of coal in the country. Besponeibla
parlies now in the coal business are ready to open these mines and will
guarantee to ship 500 tons per day at 70 cents per ton as soon as the
road is open, and 1,000 tons per day within six months thereafter.
Under the plan of cajiltalization the Bonds and Stock upon this first
division of 40 miles would be
First Mortg.age

6 per cent Bonds

$1,000,000
600.000

Capital Stock

How good a

property this road would then be, even
may be seen from the following estimates of traffic :
1,000 tons coal per day at 70 cents

Saw logs

(low estimate)
Misoellaueous freight and passengers

if

built

no further,

$700
100
100

$900

Dally earnings
For year of 300 working days
Operating expenses, 50 per cent

$270,000
135,000

Neteamings
Bonds

$135,000
60,000

Interest on

particular railroad. Another feature of value in the
present number of the Manual is a tabular statement showing the dividends paid by all the roads of the United States
for the last eight years, with the periods of their payment,
whether annually, semi-annually, or quarterly,

Surplus for Stock (over 10 percent)
$75,000
Making due allowances for a smaller output of coal, delays, extra expenses, ic, it is safe to estimate that after paying Interest on bonds
the stock would earn 6 per cent the first year of the road's existence.

140th Call for U. S. Bonds.—This call for bonds was
issued Aug. 12, retiring $10,000,000 bonds on Sept. 15, namely,
three per cent bonds, issued under the act of Congress approved July 13, 1883, and numbered as follows
$50— Original No. 124 to original No. 132, both inclusive, and original

Mills' Bdildixo, 23 Broad Street,
New York. Aug. 14, 1886.
This Company has been organized to enter into a contract for the
construction of the Seattle Lake Shore & Eastern Hallway.
J )ie terms of the;contract have already been arranged, and are substjnitially as follows, viz.
The amount of bonds to be issued by the
li:iihvay Company is limited to $25,000 per mile and stock to $15,000
pi
mile when the road is completed. The Bimds are to be 6 percent.
Golii, secured by a First Mortgage to the Union Trust Company on the
railwa.v, terminal property and franchise of the Railway Coinpaiiy.
For blinding and equipping the flrnt division of 4iJ miles, from tidewater at Seattle to the extensive C",al mine In Sqiiak Valley, the ConKtiuction Company Is to receive $20,000 per mile in Bonds .ind 510,000
per mile in stock. The Constnietion Company has the privilege of buildini; all other portions of the Railway Conipanv's main line (over 500
miles) andbranelies, and is to receive thcrefur $25,000 per mile in Bonds
anil $12,000 per mile in stock. Deliveries of Stocks ami Bonds are to be
made as each section of 10 miles is completed. The estimated cost of the
tlrst division, lui'liiding equipment, wliarves, coal and ore chutes is
$544,000. It has been det. rmineil to offer for subscription. .$500,000 of
the capital stock of the Coiistruoticui Company, which amount of cash
capital will, itis calculated, be more than sutiitnent to enable the Company to carry out Its contract for buiUlug the first division. The terms
of the subscription are: 10 per cent on demand as soon as $500,000
has been Ruhsirlbed and the balance in instalments as follows The
sei'ond, third, fourth and fifth instalments to be 20 per cent each, and
the .sixth 10 percent. Atleastthiity days to intervene between each call.
Payments tn be made to the Union Trust Company for the account of
the Construction Company, the Trust Company giving negotiable re-

:

Ko. 1,382 to original No. 1,385, both inclusive.
$100-OriglnHl No. 1,078 to original No. 1,729, both inclusive, and
original No. i),927 to oiiginal|No. 9.939, both inclusive.
$500-Orlgiiial No. 729 to original No. 786, both inclusive, and
original No. 4,229.
$1,01 O-Oiiginal No. 4,997 to original No. 5,523, both inclusive, and
original No. 2.S,748.
$10,ooo-0riglnal No. 11,664 to original No. 12,611, both Inclusive.
Total, $iO,000,^jOO.

—

Notice is given of the opening of a New York Agency at
No. 71 Wall Street, of the London & Brazilian Bank, Limited,
of London, under the charge of Mr. J. Lawrence McKeever.
This bank has a paid-up capital of one million pound sterling
and a reserve fund of £250,000 it has branches throughout Brazil, Portugal and River Plate, and the opening of a
New York Agency is a matter of some interest. The Bank is
fortunate in procuring the services of a gentleman so well
known in social and business circles as Mr. J, Lawrence
;

McKeever.

—Messrs. Carolin & Cox, 55 Broadway, offer for sale a small
block of the Long Dock Consol. mortg. 60 year six per cent
gold bonds.

SauMitg and

IJfiwatiJCial.

United States Government and other desirable

SECURITIES
FOB

IIVTESTORS.

PUGET SOUND COIVSTRUCTIOKT

COOTPANTT.

:

1

:

ceipts therefor.

Upon the payment of the third instalment an allotment of the First
Moitgage 6 per cent Gold Bonds of the Seattle Lake Shore & Eastern
Railway Company will be made to siibsorlbers, not less in amount than
tile .iggregate of the tlrst two instaliuents; and thereafter, as each instalment Ispaid, an .allormcnt of said bonds will be made not less in
am lint than the last previous inatalmi-iit. Allotments of stock equal
to ^ per cent of the ins'almeuts as paid in the order above named
will accompany the allotments of bonds. These allotments are made
as the work progresses for the convenience of subscribers, and will still
leave a handsome surplus for distribution upon the completion of the
forty njlles.
One-half of the eonstruotion stock has already been taken at par.
are privileged to offer the balance, $250,000, for subscription at the

We
same
We

price.

have made a careful study of the resources along the line of the
proposed road, and feel conlident that ih" net earnings, from the time
of the completion of .be first division, will be ampl.v sufficient to pay
the interest on the Ixmds and a dividend on the stock. The termmal
property acquired is one of the very best on the entire Pacific coast, and
of great present and immense pro-peetive value.
Subscribers to this fund will be eniitUd to the right of subscribing for
future issues of stock and iionds for further extensions of this line, in
proportion to the amount of their present subscriptions. It is expected
that these rights will be of great value.
rho charters of the railway oomiiany and the con.stniotlon company,
a copy of the conetrucl Ion eontraet and a copy of the mortgage to the
Union Trust Company may be seen upon application.
Eespeotfiuly,
IS

AH stocks and bonds

and

listed

on the

sold on commission for cash.

Deposit accounts received
anlyect to draft at sight.

HARVEY
28

New York

Stock Exchange bought

and interest allowed on monthly lialances

FISK

&

SONS,

Nassau Street, ,.New Yoek.'

JAiaESON,

SMITH & COTTING.

ArorsT

THE CHRONICLE.

14, 1886.]

glue Sankers' ©alette.
BITIBBIfDB.
The foUowlBx dlTldaadii bars cweattr i>eea aanooaaed:

Kmm* of OompoKy.

Mat

BaUroa4a.
cue. BorUiiictoa * Qulnoy (qnar.)

irkm

Bookt Olotd,
(Aiyt itte<ii«i««.)

PayoM*.

2
2

Aug.

Vew Tark Fire

4

On

IMTlliigyire

2"«

Aug.

Korth PesnaylTMila

(quar.)

iBsaraaee.

Sept.

Aug. 11 to Aug. 19

1»

WALL

Coins.

—The following are quotations in gold for various coins

Sovereigns

94
Napoleons
3
X X Belchmarks. 4
XQullders
3
flpan'hDoabloons.lS
Mei. Dunbloons..l5
Fine gold bars. . . ,
Pint) silver bars ..
Dimes A >• dimes.

bank reserres are lovr aad that
money as September approaches ma;

It is evident that the

the natural demand for
easily put rate* up to 4
6 per cent ; but such'a rate in New
York lasting for some time would probablv have the effect of
drawinf; money quickly to this centre, aad the increase in loanable fund) at the banks aad in the Street would then be rapid.
It has not been the eiperience in recent years that a fair rate
for money at
per cent has had the eflect of demoralizing
stocks; it in only the irregularities and uncertainties of the

®

S^O

loan market that work great injury to brokers, when they cannot tell fn>m day to day what they may hare to pay for money,
or what ditficulty they may have in getting it.
The full report of railroad earnings for July and for seven
months of thu year will be found on another page, and it is
only necessary to remark that, taken altogether, this is the
best comparative statement pablished by the Chrot(ici.e since
October, 1883.
Nor doe* this include many of the trunk line
reports, as theae have not yet been issued for July, and were
they included, the totals would be still more favorable.
The open market rates for call loaaa during the week on
lock and bond collaterals have ranged at liOlS percent (with
A small exceptional transaction at 40 per cent), and to-day at
8^7 per cent. Prime ooamarcial paper is quotedst SQS per
eent.

The Baok
a

ststmit on Thursday showed
£1 IS, 000, and the percentage of reserve to
against 40 11-18 last week; the discount

of Bagland weekly

lose in specie of

HaUHtiM was 43,
nUe wa* unchanged

at 3i per cent.
The Bank of Prance gained
8,930,000 francs in gold and loat 1,839,000 franc* in silver.
Tlie New York Clearing House banks, in their statement of
August 7, showed a decrease in surplus reserve of $4,231,475,
the total surploi being 98,847,390, against $13,878,735 the
previous weelc
The following table shows the change* from the previous
week and a comparison with the two preceding years in the
1 of the Now York Clearing House banks:

85
8S
75

Mexican

96
4 00
55 915 65
55 915 65

— 92

OlfWii

7.

18M.

1884.

Auf. 8.

V2:

Atv. 9.

LoannaoddU. f3U.1«»0ee iBe.ss.84i.eoo •ar.'.sAs.soa •ss8.M9.7oo
•5.064.000

9.01C700 Ine
ST«.80«JOO D*&
!<*«ral

ehaU.

812.800
laz.700
8i»«.Mo

4s,
4s.
3s,

9

ee.flor'ojr.
6s, em'ey,
68. onr'cj'.
6s. cnr'iy,

par.

..reit.

Q..Mar.

1023*8.800 DaSL 4.455.700

'96..
"97..
•98..
Ttg..

..reg.
..reg.
..reg.
..reg.

-Jan.
-Feb.

A
A
A
A
A

partly In consequence of duIncM
but more particularly on account of
t'lilliirry in our money market the past few days.
To-day,
however, the market was firmer, and the demand rate was ad'vanced i cent, posted rate* being now 4 88 and 4 85.
Small
an'l thi- free oflering of bills,

shipments of gold from Europe were reported to-day, including
1,000,OCO franca to Seligman.
To-day the rates on actual business were as follows, vis.
Banker*' 60 days' sterling, 4 83}^ 8Si; demand, 4 841®4 84i.
Cables, 4 84^04 84}.
Commercial biils wen 4 60^(94 81.
Continental bills were: Franc*,
38|OA 24| and 5 30|@5 2U
reichmarks, »4(®»4|and SSiOBft}; guilders, 30{®40 and 4Ui

^40^.

The following were the rate* of domestic exchange on New
Tork at the under-mentioned dtie* to-day: Savannah, buying
par, selling I^J premium; Ohariaston, baying par®i premiuni,
selling 8-1 8®i premium; New Orleans, commercial, par, bank,
•1 50 premium; At. Loult, 50(^75 discount; Chicago, 80
discount.

The rate*

of leading banker* are

m follows

AHffutt 13.

MsMMakafrsterUBKbllUoa
gtMsssmaiwulal

n»iiiMgaieijeouiiB«>aui

A*MMlS^'
^"°>tarterBTeMaafl

r

LondOB..

:

D*mand.

Iktut.

4 89

4 83

4

M%«4

81 ««

4 gouni ins
6 ua\lH '23»'!i
3»'>l<l«40

>4«».»94»

21>«a.'V20iS(i

40>|«a40'l,«
I
I

98

aas'g

110»B

Aug.
12.

110>ii'

13.

1109^ '110k

•llHj* ui^! nils! 111% 'UIH
'126V'I26'8|*l26"8t 12638 '126!%
126'8 12679'«12e«tal 12638

:27

Aug.

126»8

100^' 100 !«• lOOVt •IOOI41 IOC* lOQia
•135
126 126 •128
126
125
I

J.

J.l •127

128
130
132

J •129
•132

J.,

128i« '128««1 12Kls 127»*
131isl-131'4'

J.

131% 131

,'

A

OUttlng.
JfOHM of

Bangt sines Jan.

1,

'88

Bond.
Aug. 6 Aug.XZ

U E.A West.9d eonaoL 6«,ez. June, '86, op.
Fnndedeoup. Sa

LoweiL

BighetU

W. T.

99H

West8hore,gnar. 4s
Tezaa A Paeitlc Rloe. 6e,op. off.
Do
do Inc. A land gr. 7s
do It. in. A ter. Os
Do

l64>s

N. O. Pacific. lit 6a, coup, off
EiistTenn. Vii. ,v (in. )-<.ir. rets.

78 >»
101
28
84 >•
97 %

1)0

l;ir. trll«t

<ln

K. Y.8asq..\
N. Y. Ch. .V
~^Blil

very irregular and weak,

11,

so active as last week, but sales have reached a fair aggregate, as
follows: $60,000 Louisiana consol. 4s at 77-79}; $130,900
Tennessee settlement 38 at 78^-79}; $20,000 do. compromise
at 74f-79 ; $10,000 Virginia Os consol., ex coup., at 57;
$3,000 do. 6s, deferred, trust receipts at IS^; $6,000
North Carolina consol. 48 at 101; $5,000 do. Os, 1919, at 138;
$6,000 Georgia 7a, gold, at 112}; $37,000 South Carolina 6s,
non-fundable, at6i-6i; $3,000 Alabama Class
atlOOl-i;
$1,000 Missouri Os, 1388, at 104.
The business in railroad bonds lias been confined largely to
a few very active classes, others being more or less neglected,
and the tone generally not so good as in previous weeks. The
several cbase* of Texas ft PatSSc bonds have absorbed most attention, and the business in them has l>een very large. Prices have
fluctuated very widely, advancing sharply in the parly dealings
on rumors of a contest for control, but reacting moderately
afterward.
Erie 3ds, ex coupon, have also lieen very active,
and sharply advanced, assisted by a demand from London.
West Shore 4s liave been lower.
The closing prices and range of a few leading bonds are annexed

Qreen Buy

»8.a47.3V> Dee.»4J31.475| 8»l.e3«t.47B| •31.146,600

Aug.

10.

•UO\i •I10»p

.cuap. t;.-Mar.| •11179
IZ-Jfll
..reg. t .-Jsn.

coup.

Aug.

9.

:

UJ77.<00

Bxebange.—The sterling exchange market continues very
dull, the demand being extremelr light.
Rate* have been

Aug.

133S8M33aiB^ 1331* 133H
134
134
185»8;'136
135H 136
* This Is UM prloa bid at the moming board
no tate was made.
State and Railroad Bonds.— State bonds have not been

783<8.000

•oe.iei.ioo
si.s4i.7oo
•TA.All.ino
lA8.345.&00|l 107.687.70U

—

—

93>a

99><9

option U.S., ..reg
Bs.eur'oy, "95.. ..reg.

9.ta»SM

aMMi.too

—

Inlerul Aug.
PerUxU.
7.

1907
1907

115,0IMI.M0

37.76M00 Dee. 8ja8.»oo iiJamjooo
W4J0I.A50 Dm. •934.SS8 •06.707.035

'as.

dollars..

PeruTlan sols
6S 9
71
English silver
4 80 9 4 86
U. 8. trade dollars
71
98I49 100
D. 8. sllverdoUars

preni

.

.

IWW.

H» and

Five francs

4 80

.

Auff.

stiver

3 92

9
9

par9 >«

—

— 99%9 par.
— 93 9 — 94
— 74 9-76
Do ancommero'l. — 73 9-74

e$4 89

»

United States Bonds,— Government bonds have been dull
and weak, and prices are a fraction lower than last week. The
Treasury Department at Washington has issued another call
for bonds, retiring |10,000,000 of the 3 per cents on September 15.
The closing prices at the N. Y. Board liave been as follows :

8TRKKT. FRIDAY. Aacaal 13. l!:i»«»-3 P. IH.
The MoB«7 Market and Financial Sitnation.—The
principal tallc of tli« week in financial circles has been of the
Rates to stockbrokers have been
fiurrr in the monej market.
4>M,1891
up to 10 and 13 percent, and this in Aognst is something quite 4>sB. 1891
nnusuaL

185

IpTft
.ir.

-.•*.

\,

I'M-.-

r-tr-i

;

.

69
54
60

-39'4

76^8 Jan. 102 19 Aoft.
102
93I4 77 14 Feb.
96««Uar.
102 « lOlHJan. 105 June
68 > 45>9Jnn. 72 Aug.
55
34 Ifajr 61 >4 Aug,
54 1< 341a May
61>«Ang.
91 Jan.
80 Aug.
77

68>4Jsn

lomAug.

26

1798 Miir.
76>s Jitn.

99>9

84

28 Aug.
88 Har.
99i4Jaly
42% Har.

•99

Hay

24>a Fob.

.

Railroail and .Hlscellaneons Stocks.— The stock market
hae been moderately active the past week and speculation was
rather biBk er.
The tendency of prices has b«en downward
and selUSg has been more active than buying, though a part of
the selling was for short account, and this interest is reported
to liave been considerably increased.
There is no unfavorable
change in the general situation t<i account for the decline, but
prices have gradually worked down on bear presoure, assisted
by speculative rumors and the flurry in money. The condition
of the money market has been a decidedly unsettling feature
the past few days, but a temporary stringency in money, or
even a more permanent advance in rates to 4@5 per cent, would
probably not Iiave much effect on stocks. A favorable feature
nas tieen the continued London demand for stocks, which has
recently had so marked an effect on the exchange market; but
to-day London was a seller of Lake Shore and New

A

Central, which declined in consequence.
rumor
prevailed at one time of probable trouble in the Eastern
Trunk Line pool by a rupture between Baltimore & Ohio and
Pennsylvania, but it was found to be of little importtincc.
Texas <fe Pacific has been prominent, fluctuating widely in
accordance with the different rumors 'in regard to the reorganization.
On the announcement of the joining of the two
principal committees on reorganization the price reacted somewhat, in the expectation that the demand would fall off if the
There has also been an inconttwt for control was ended.
creased business in the Wabashes and San Francisco stocks.
There have been few other special features; Manhattan Elevated had a sharp advance on rumors of an increase in the
dividends to 7 per cent. The coal stocks have been active oa
a report of a prolMtble advance in the price of coal, which was
afterwards made.
To-day, Friday, the market was dull and prices generally a
fraction off, though closing a trifle firmer.

York

THE CHRONICLE.

186

[Vol.

NEW TOKK STOCK EXCHANGE PRICES FOR WEEK ENDING AUOUST

AND SINCE

13,

HIGHEST AND LOWEST PRICES.
BTOCKB.

Tuesday,
Aug. 10.

RR.

Honday.

Aug.

Active

Satorday.
7.

Aug.

9.

670b

67'>8

671s

6714

6738

40

4(>>s

45
53 M

45%
54"8

45
54

Stocks.

CanaiUan facltto
CiWiuta Boutlieni
Central of New Jersey
central Paelflo

•••.

Ckesapeake AOhio

---

5512

44^
10

67%
4558

435a
5439

45

44
9
17

44%
9%

9I3 10

4458

54% 55%
44% 44^8
•9%
9%

17
12

17

•11

140
135% 13578 136

92%

9338

122 122%
11413115% II419 114% 114 11478
OUoago <& Northwestern
144
144 144
144
144
ptef. 143
Do
126% 126%
Obloagn RooS Island & Paolflo, I2714 I2714 127 127
13
14
13
14
CWcago St. Louis & Pittsburg. 34I3 1431 14
36% 34% 35
pret.
Do
4313 497a
4878 49=8
Chicago St. Paul Minn. & Om.
11238 111 1121s 112 112
pre(. 112
Do
61 1«
5912 60
58
59%
60
ClevelanrtCol.Cln.&Tnaianap.
Columbus Hocking Val. &Tol. 30% 30% 2914 3OI4 29% 3014
Delaware Lackawanna & West 130i£ 1311s 129% 130% 129% 130%
3013 3114
30% 31
3138
Denver& KloG.. assessm't pd 30
6i8
6I4
6S6
638
6%
6%
East Tcnn. Va. & Ga., ass. pd.
I412 15i«
14% 15
15=4 1534
i>ret., aea pd.
Do
8978 8978
88% 89
891a 89ia
Evansville&Tcrre Haute
Fort WorlU & IJouverClty
•11
12
11
11
11% 12%
Green Bay Wluona & St. Paul.
3tii3 3612
Houston & Texas Central
139 139
137% 137%
nUnols Central
1713 18
17% 17% 17% 18
tadlanaBlooiulngt'n&West'n
•10
1013 IOI2 •10
11
11
Lake Erie & Western
8814 8986
88
88% 88 78
Mich. Southern.
891s
Lbke Shore &,
•95% 96
95% 96% 95% 96
liong Island
46 'e 46
4578 465e
46
465b
Louisville & Nashville
5411;
55 14 54
55
52% 53
Louis. New Alb. & Chicago...
I2412 124 124
124 125%
oonsol.. 124
Manhattan Elevated,
39
40
39
39
Memphis & Charleston
8II3 82
80% 81
30% 81%
Michigan Central
'67
•68
70
•68% 70
70
Mil. Lake Shore & West
93i« *91ifl 93%
92
prel.
93
93
Do

£ St. Louis
prel.
Do
Mlgsonrl Kansas & Texaa

2138

Minneapolis

217t

46% 47 12
31% S23b

110

111

Nashv.Chattauooga&St. Louis

6358
64
65
11012 11114 IIOI4
914
9
9
21% 21% 21
33I4 33 '8
33
*7538 7738
75%
4458
45
46
19% 19% 1938

,

Rorthem

Facliio

,

718

8i«

21% 22
17ifl

45 18
28 14

I8I4
4618

28%

6138 6218

pref
Do
Ohlo& Mississippi

24 12

2478

17

Ohio Southern
Oregon &Tran8-Contlnent»l..

163i

33%

3414

Peoria DecaturEvansville
Philadelphia & Beading
Richmond &D,anvllle
Eichm'd & West P'ntTerminal
Bt)chester& Pittsburg...

26

26%

25Te

27

31

alls

2714
5714

29I3

5

Rome Watertown & Ogdengb'g
Bt. Louis

Do
Do

Bt.

& San Francisco

Paul & Duluth

Do

pref
Ist pref

pref

Paul Minneap. & Manitoba.
Southern PaclflcOo

Texas & Paciflc
Union Paciflo
Wab. St.L &P.,P.Com.rcpt8.

Do

pref.

Sttacellaneons Stocks.

Colorado Coal & Iron
Consolidated Gas Co

58

109

109

II6I4 II6I4
381a 385$

15% 16
57=8
19>4

5838
1914

32% 33%
30

30%

80%

82I4

PaciticMail
Pullman Palace Car Co

5714

58%

Western Union Telegraph

67%

Delaware & Hudson Canal...
99=8 10038
Oregon Iniprovemcnt Co
Oregon Railway &Nav. Co... 107% 108%

Kxpress Stocks.
Adams

142

American

'110
'63

United States
Wells, Fargo & Co

128

Inactive Stocks.
Atlant!c<fe Paciflo
Boston & N, Y. Air-Line, pref.
Cedar Falls & Minnesota

OBntral Iowa
Clncln. Ind. Ht. Louis & Chic.
Olaclunatl Wash. &. Boltim're.
Do
pref.

Cleveland APlttshurg
EUzabetht. Lex. & Big Sandy.

Harlem
Manhattan Beach Co

658

76%
4538
1936
6^8

21% 21%
17% I8I4
45% 46I4

S's

34

76% 77%
44% 4579
19% 20
'678
7%
21% 21%
17%
4538

838

6758

144

111%
65
130

8%

•100% 102

18% 1914
19% 20
37a

6%
•22

379

6%

136% i35% 135% i35%
92% 92% 91%
122
121% 122% 121
11338 114
113%
1137e 115
144 144
142% 143%
9258 9358

Oregon Short Line
Pltteburg Ft. W. <fe Chicago.
Quicksilver Mining Co

33

pref

111

Alleg., receipts..

i35%
92%
121%

58%
30

30%

31% 31%

29% 30

6%

638

1479

15%

90

90

1258

1338

39

'

3138

6%

14%

31%
6%

1479

•88% 90
13
•37

13
39

135% 135% 135% 13658
17% 17% 17
17%
10% 10% 10% 1078
88% 89
87% 88%
•95% 96

93% 96
45% 4638
52% 53
125% 129% 129 130%
4638 467b

81% 81%
-67

70

'91% 93

79% 80%
07

67

•91% 93

9
20

9

87a

878

3379

3438

78

78% •77% 79
4578
43% 4478
20
20%

20% 20%
4479

20

33% 34%

19% 19%
7
21

7
21

17%
45% 46%

7

7

20% 20%

1739

441J
2739

45

'

Highest.

68% July 14
47% Aug. 9
57% Mar. 3
24 4479 Aug. 4
4

18;

7 May 6 13%
13 Apr. 30 21%
20
8% May 111 15%
270 ,138 May 17 140
2,737 128% May 15 140

300

1,163

1

113,325i 825a
l,616;il6

114

Jan.
Jan.
Feb.

8

6
13

Aug. 11
Jan.

5

May 4 9639 Jan. 2
May 3125 Mar. 3
4 llC6a JnneZl
Jan. 18 144 Aug. 9
May 14 131 Feb. 17
Mar. 24' 15% Jan. 5

50,014|i04%May

^
Mar.
Mar.
Mar.
Mar.

36% Aug. 7

24;

24 50% June 18
24 116 June 18
24 61% Aug. 6
29% 30% 6,600 207e May 3 38% Feb. 17
129% 130 128,005 115 Jan. 19 135% Feb. 13
30% 3138 5,285 21% May 4 31% Aug. 13
6%
6% 12,192 438 June 25! 634 Aug. 7
1459 1479
7,600 11% June 24 1534 Aug. 7
•88
90
600 67% Jan. 29! 90 Aug. 2
15 May 4 25% Feb. 1
•11% 13
8,515
Jan. 16 1338 Apr. 19
8
38
100 25 Mar. 231 37% July 20
136% 136% 1,420 135% Aug. 11 143% Feb. 9
17
17
2,067 12 July 17 2878 Jan. 5
10
10% 1,390 7% July 15! 18% Jan. 5
86% 88% 79,023 76% May 3 90% Feb. »
95
96
2,041 80 Jan. 20 100 June 21
4434 46% 31,723 335a May 3 47% Aug. 6
1,300 32 Mar. 25' 56% Aug. 3
130% 131% 12,709 120 Jan. 2 131% Aug. 13
38
38
4,700 29 May 19! 40 June 23
79% 79% 3,720 61% May 4 S3 Aug. 3
200 22 Jan. 28! 71% June 3
91% 91%
500 50% Jan. 18! 95 June 10
20
20
4,400 16% Mar. 24 23 June 9
45
45
2,700 40% Mar. 24 51% Jan. 4
31% 32% 53,250 21 May 3 33 Aug. 11
10058 109%
3,033 100% Mar. 24 11439 Jan. 11
•14
16
11 May 22 17 Jan. 5
'61%
7,900 43% Apr. 29! 05 Aug. 7
109% 110=8 40,630 98% May 4,11138 Aug. 11
869
868
1,027
4% Mar. 24 10 Jan. 5
19% 19%
780 11 May 41 23 Jan. 5
33
337a 68,895 22% May 3! 3438 Aug. 11
7659 77%
2,300 50% Jan. is! 78% Aug. 11
4369 4436 33,125 30% Mar. 24| 47% July 28
-19
20% 3,015 15 Miiy 3] 21% Jan. 4.
679
678
980
6 Feb. 1!
8% Jan. 2
•20% 21% 1,600 17% Jan. 25 24 Feb. 9
3,165
8 Mar. 25! 18% Aug. 9
44% 45
10,880 25 Jan. 25) 47 Aug. S
27% 27% 10,490 22 May 4! 2958 July 27
5978 60% 26,507 53% Mar. 27; 62% Aug. 6
2,510 1938 May 3, 26% Mar. 5
233a 237e
1,210 13% Mar. 24 19 Jan. 4
32% 32% 24,895 25 Mar. 24 35% June 21
26% 27% 10,025 16 Mar. 24 27% Aug. 13
26% 26% 34,710 18% Feb. 5! 31 Mar. 8
1

1

i

1

1

1

1

•128

130

•128

•8
866
8
'100% 102
100

130

8%
102

128

8%
100

18
18% *16% 18%
19% 19% 19
19
'18%
93
94%
379
379
3% 378
379
639
638
578
6%
6%

20
•235

208

5%

34

5%

26
9
9
34% 35

Louis Alton ATerre Haute.
South Carolina
UWca & Blnck River
120 123
Cameron Coal
17% 1778
Hew Central Coal
Tennessee Coal A Iron.
66
56
•

9%

17
12

1886.

Feb. 17

382,135
652 120%
1,550
9%
^
2,500 26%
57,955 35%
112% 109% 110% 109% 109% 4,110 97
59% 57% 58% 57% 58
6,545 43%

129%1305e 128% 130%

"4%
35

".5%

'32
148

130

208
84
148

35

128

130

102

'100

•14
19

102

18%

•18% 19%

379

•359

6%

*5%

4

6%

•20% 24
'235

•32

18

3%
5%

7%
102
19

35

'120

"56" "58"

These are the prices bid and asked ; no sale wlas

123

17% 17%
54

'120

123

17% 17%

54

made at the Board.

7
»6

340
1,100

11
13

700

70

3%
5%

1,010

472

60:

•30

120
1759

4% June 11
7% June 19
Aug.

2

Aug.

4

Juue 30

31 .>40

Ausr. 12,

132% Jan.

34' 204% Jau.

35

35
1734

July

9:

21% Mar.
144

340 100% Jan. 20 109

33

123

5

June 22

9% Jan. 5

Apr. 30|101% July 23
Feb. 13 19% July 29
Mar. 24 23% Jan. 5
Jau. 18 95% July 29

2% Juue 10;

310 14

107

•32

41

213% Mar.

11

107

Mar. 20:130

May

1461^3 Jan. 11 153
16 Mar. 24: 22

•20% 24

11% 11%
18% 18%

150 119

3,710

19%

•31% 32%
147% 147% 148 148
•5
•5
7
7
26
27% •24
27% *23

32% 33
"5

•100
14

128*4

2-10

14
142
108

128

7%

8%

23
250

20

Richmond A

61

12678 12679 12656 12679 126 126
•13% 14% 1379 14
•13% 14%
•32
•32
•32
85
35
35
48% 49% 4739 4858 47% 48

14% 14%
141% 141% •140
106% 106% 107% 107% •107

ife

Bt.

1,520

1,

28I4
27%
27%
28
28
60% 61=8 6058 61% 60% 61% 60% 61
24% 24% •23% 24% 2459 25% 24% 24%
16% 17
•16% 17% 16
16
32% 3378 32% 3338 32% 33% 32% 32 79
25% 26% 26
27
26% 2li% 267g 26
2578 26I4
20% 26=8 26% 27% 26% !7
'140
150
140 150
75 Miir. 1150 July 1
30% 31% '30% 31% 30 30% 28% 29% 28% 29% 4,069 27% Apr. 6, 33 Feb. 2
5
338 Jan. 10
5
Feb. 15
4
5
"74% 74%
'73
74
100 25 Jan. 18: 79% July 8
75
28% 29% 27
2836 18,725 17 May 5l 29% Aug. 9
2S% 28
29
27% 2838 27
57% 5S% 57% 57% 53=8 5878 57% 58% 57% 58
9,700 37% May 5' 5S7a Aug. 11
110% 110% 110 111
110 110
670 97 May 5 114% July 15
110 110% 109% 110
50% 51% 50
47
50
50% 47
2,752 37 Jan. 15 07 Apr. 13
51
49% 50
'108% 109% 109 109
279 99% Jan. 26:114 June 16
109
lOS'e 10876
108%
'1087a 109%
115 115
113% 113%
800 106% Jan. 19 11878 Feb. 25
115 115% 115 116
3734 38%
38% 38% 3838 3878 3779 383e 38
2,045 30% Mar. 17 41% Apr. 24
38%
1576
15
1578 16%
15% 11% 15% 119,502 7% .-^pr. 301 17% Aug. 11
15% 17% 14
57
57% 57% 57=6 50% 57=8 56% 567e 55% 56=8 40,230 44% Mar. 24: 59 Aug. 6
1838 19%
19=8 15,880 12 May 14l 20% June 23
19
19% 19% 20% 19% 19=8 19
3238 33
34% 28,206 2338 May 20| 35 Aug. 11
33
34% 33
32% 33% 3369 35
2979 30%
29=8
8,100 21 May 4 30% Aug. 6
29% 30
29
30% 29% 29% 29
79% 81
80% 81% 80% 81% 80% 80% 79% 80% 18,645 747BJnno 3111 Feb. 8
9958 100%
9979 100%
16,681 87% Jan. 18 10S% Feb. 13
9979 1007^
90% 100% 99% 100
21
21
2178 21.7a
2169 2158
1,557 16 June 8 31% Mar. 6
21
21% 2279 23
107 108
106 106%
4,417 93 May 4 10934 July 23
103 108
106 107
106% 107
56% 5778 57% 57=8 50% 57% 56% 5H79 56% 57
24,633 49 Feb. 231 07 Jan. 2
135 135
13434 134% 135 136
335 128 May 3 13779Feb. 9
133% 135
66% 67% 66% 67% 66% 67% 60% 66% 66% 6669 36.545 60% June 9, 7579 Jan. 9
'142
144
140 143
190 141 June 1150 Feb. 12
142% 143% 142 142% 141 143
110% 110% 109% 111
212 101% Jan. 2S, 111 .\ug. 10
109% 109% 109 109 •108 109%
64
64
287 51 May 15: 60 Feb. 26
65
64
64%
64% 64% 64% 61% '63

25

Morris

Do

9%

17
•10

122

27^8

i

& Essex
Hew York Lack, Western...
Hew York New Haven & Hart.

878

3338

Lowest.

44% 10,975 34% May
54% 54% 16,870 42% Jan.
43% 43% 3,785 38 Mar.

17
12

21% 21% 21% 21% 20% 21
4579 46
45
45%
45% 40
3138 32%
32% 33
31% 32%
111% 110% 111
110% 111
109% 110%
•14
15% •14
16
6378
62%
64%l 02
63
63% 63
111
110% 111% 110% 11138 110% 111%
9
2118
3368

6658

1886.

'

IHI4IIII4

Bt.

•10

Shares.

6638
4379

5479

21
21=8
451s 47
3138 32

Missouri Paciflo
Mobile & Ohio

Kew York Central & Hudson.
New York Cluo. & St. Louis
pref.
Do
Kew York Lake Erie & West'n.
pref.
Do
Htfw York A New England...
Hew York Ontario & Western
New York Susq. & Western. ..
pref
Do
Norfolk & Western
pref
Do

112

•11

17
12
146

Week,

Aug. 13.

66% 67%

45

17

•9% 10

17>4

Istprel..,
2(lpref...

6714

55

Friday,

1,

Range since Jan.

Salee
of the

Thursday,
Aug. 12.

6738
4513

43'8

43% 44%

*17
•11
12
ll^e ll'e
145 I4514 14514 14514
Chicago & Alton
135% 135T8
QUloago ISmllni^on AQalncy 136 ISO's
9314 9414
92% 9358
Chicago MUwaiikee & St. Paul.
1231? 12213 I2214
pref. 123
Do

Do
Do

Wednesday,
Aug. 11.

JAN.

XLin.

120

123

18% 18%

3001

19% May

135 141
100
4%
100 20
200
2
310 27
100 10%

Jan
Jiino

May
May
June
June

e

Juno 8
June 1

Mar. 3
33% July 28
Mar. 6
8 Jan. 6

18

.ill

8
2

1,10

•-»

IV
y

29

16
120% July 28(125
1,267
9 Jan. 13 21
9 May 4 15%
"700 38 Mar. 25 50
24',

July 16

10% July
46

2

Feb. 3
Jim. 11

Juno 10
Juue 1
Feb. 15
Aug.

6

AuotTST

THE CHRONICLE

14, 188B.J

187

AND RAILBOAD BONUS, AUGUST

({UOTATiONS OF 8TATE

13, 1886.

8TATK BONDS.
BXOUKITIKB.

BM.

BSOtrlUTIXS.

a—

103

OUuC.4«,190«

10.aiM.lM0. ....... 107
Arkanaa*— Ss, tondaa.... 10
17
Ti. L. Rook * Ft. a. laa.
17
Ta. U»mf.± L.Roak fUl
•a,

U B.P. B. * N.O. BB

Ta,

T«.lCl«a.O.*R.Il.KB.
la,Aik»iuaar«Di. RB.

—

Klaaoarl—8a. 1887
102
6a,An«18i6
„ 104
aa,d«* 1889 or 1890.... 107%
Aarl*norl7BlT.,(iae'n 113
Taadlag. 1894-95
118
HananMkl * 8t. Jo., '89. 101
tl<i Naw York-ea. rag., 1887 103

N. CaraUn*—Contlnoed—

8B0URITIS8.

ea,1919

17
17
•

118
115
130
.,
lll>ilia\ I(.C'aroUa»-«a.oid.J.*J. 35

77

77%

FnniUng aet. 1900

I

6%

108
Twinaaaae 9^old.l893.8 65
6«
ai,Baw,lwi«.1900

23

6a, oonsol. tionda
8a, eX'-jiatar«d coapou.
es, oonsol., 3d Sanaa....

8^
110

^p'Mla«.3.4.8.«a.l913

106
102
79
47
47
100

54%
65
13

6a,detarre<l

DUtriotoi Colnmblk—
8.85s, 1924
Fnndlng 5s, 1899

85
75

•LB«ran1aa,1914.

11

Saw bonda. J.AJ^'M-S'

I

101%
ISO

8s, Don.fiindabla, 1888.
Blown eonaaili ea, 1888

Hetllem't— 68, 1913

1013
1913
Virginia—6s. old
8a, new, 1886

Uhoilc I^•!.— 6s, cp.,:S93.t

Sotuh CarollD*—

<

-

Ss,
3»,

Ohio— 6s. 1886

i

New

Ask.

Sid.

Tennaasee—Contlnae A

10%

10
100
128

Snoolaltax. (.'Usa 1
Oonaal.4a, 1910

•a. loan. 1881
6>,lau, 1899
la, loan, 1893

91%

- ^^^V7a. «Ma..l»14

BKOUSITIB8.

Aak.

Bid.

.».

Ai>taa*-OUM A. ISM. 105
~. lOTV
B,«a. IBM

13^

119%

RAILROAD BONDS.
8BCCBITIK8.

8BCCBITIE8.

Bid.

Ballroad Honda.
8a, l»ll.
tat. »«. 19ia

85%

TITlll

•130

!4%!

I.aadTaat.3<•^

I

B. A..
Alp.-Iat.8a
U.-lst.7a.l800

':

T.Va. «
laL eoos.. 5>, Traat me.

Ki «p.lt

la 13. Tr. r«c.

[M*lalaaal5s.I'J30

^UtLCA X.—•).f.aab..c.C«,
!«t. «».
'

I

'

I

'tmSVitltli'. iVi" '::;:::!
iiJw

8d,7s.Vm"

M.

L. Jack.

•118

V V

Bsk^^^^

la. DI».-».

Waklnftu:
Ssarar Ulr.-

.•.

1

.....
1

ka<II.J.-

'»•••
,ti

t

.tM
'

lal, 7i.

.!
.

ti

:.-.. .-.

d

iLOoa.— lata. ia.
(»eM.3%s. 1951

HBd.DlT.-Co

lat.5a.LaC.A bar.:
V».>*l»B.I»i»

98
78
00

1900

11
'

fraa4.»4,l'<

A

"

So. Par. of \rtr. -I-l.

124
-

II-

"laol.. Sa.

128%

1V3
iu3-a

KB. — Ul.7..«S

k7a.li":

Uo

P.

H.OiAMnli

MiK
^4

8a. \v

iis-^i

»*.-.
'8.

Wis- — l«t,

i.<. 111.111

I

lat.'t«

'•

'1

4M81IM.I..AP.-

S^AW.Iad.•aalanrt
CM«AH<
.

>:'

:

Oal.Ai>r

OaLH.vai.A im.— i.-

..lat-rta lu:ll>'

A'

1119
1(13

Bi.f'iiui.nKc— i8t,6»

N

l;'07

.'...

lBt,eon»oL,ea.
C.Br.D.P.-l»..

92%

At J

10<)% 107

I

Hid

Mo.

Vt;

.1

KneAW.-ls«.8a,t»19
«aada«kT lMT.-«a,l»l»
.*(.

IC)

(;aM.aiild.8a.l9i<<

1-

Co .tW

1

at, Jt.. 7s,

1-

aw a*.*»ntj«4
.««a tMdar tbaaa ata
Tf

-,

I.

laiaat

114>j

,.

Clam c, iW..

i!»7
..

"'1

'

1

"OT
113

115
.01

7i
•96

118

121%

106

"82% 82%

90%

Income

'•

'••

<
"1

TrUHt <'o. rrcrlpls

A

Ijlko

WIlkuMli.

23%

'"">..

E.!

Loll.

'ot"

Nt, i;», i;)ii'.
Itondn.

Coal-'«>

RA W.— Inc.,

7fl,'9li

A 117%

36

'«i%

40

-39

29
"33"
•90

23 H,

A

qacrUUana mada UUa week.

exAnr-cp.
t*r.

110

'-r

6!i

34

30

79

(U Tr.r.

—

Kv liic.,111'2'
ETansv.DlT.- Inc., 102i

103% Roch.<tPllt»b.-Inc.l»'21
Rome W. A Og.-Inc, 78
103
80 Car. Rt.-I nc. fls, 19.S1
«t.UA.AT.H.-I)lT.

i.'i

*

7^,'1HI
"II

Peonal>.<t

1:0
•103

Tex..>
Oon»oi..ii«, nm.'.i
laoome id. irr.- reg.
moo., 8a, Ante. ep. nn

m.

..Iiii-

I

101%
64

70

«H%
57

95
24

IIH'-.

il8"'
'•105
•105

.

0#»n.

Mil,

29%

'56"

117.

oan. mo;
Bo. Par
Kn-

Do

Ijlf HI .t'M.in

Mn>'

100

lUjiniI

102% 101

•

sx.cp..8,7,A8l

65
85

113%
107%
101%

•93

114
100

Hand'kT I)1t.— Ino..l|i2(i

•

111%
111%

'

107% Or.K

96'

Ft

Mas.Caal.-lat.7a.1011.

"81%

08

96
So. I'ltu.

105

.68,

10J%

4MLil.orATax.-i
CaablirtiiOo.-?*
(ataa. Bla*.— Iat.8a.l9u«,
2iil8a.Ia««

id'
111

121

—7.. HW»I

'i't'li'i/riinli
-

1

SCIaasH. IWM
r;

94
111
»rt%

U*

riin..lue.,Uf
Ind'Bl>rr.(V .•^p^'(l— 2*l,lnc.

2d,78,lH91
St L. AH. P. -2<l, «8, CL
8a.

BL A M.-lat,8lLl»19 103

.oajaT.XAIb.AC-lai,asl

7i

Ini1.1il..t\v.

3d,7B, l9lHi
Pac. nl .Mo— lst,0a

Ala.—H.f.Ua,t)>ll).

A A L - 1 ai,8a. imM

-lat,

7s. 1000. res
•

1

lx>nlar.C.A I>.-«a.li>:41;
103% lot
rraat bands, 8a, 1933.
Psoa.

!

Chi.

118

107

Or

UU
1

l04O.8a,l»2t

83

adlT.,08

Atl. *

AtCtP.-lal.i

UDIT.— Ist,(te.ltf31| 56"
M, la. 1980
123
KwhT.AIMe.— lsl,7a

A !(

V

•95%
'1

>tl.

H.

'

W.s;

106%

•112
lat, 68, 1808..
I>enT.I>lT.e8,aa8.,^90| •116

104

91

ils

Xana. Pao.— lat,U*,'U5

'.15

_ ulalMr.— »Ja,l'.i'_'"l

•

P.An.r.-l.t.»la,l»i»l
'
"",.IU.-l«t,afror
.

io4'
121

'

I

C%rtl8a l'Jir^a.1907!'

M.

78.

.

iV4%'ll5"

inil

.U.A)(.B..|«1 <>..««•
.«alav.A It.—Caaa, 7a.'imi 130
<.

OmahsDlT.- lat,

-104

So.Pac.ot.V.Mfn l-l.i)« 104
116% 116'
Union Pacini -l.t
HOi'lOS
LandKrant.,?
121 •.
Slnklnc funil, ia, 1.1.
120
Vjml.M. 1H9:i.
CfMlalfral Tniat. )!....,

1

-M.ll'l,-lat.7«.;i7

.

A Xaplea— l4t,7H

Han.

BUUK.C.AN.— K.e.7fl
Clar'<laBr-6s,1919

106

91

112%]
l|lt8...
Ti..
1-1, .« •119% 120% West .^iiiin*— iat.(rn«r.,4B 'i02% loa^a
No.R'waj 11 .li
\W 123
113
Ho. Pac. ipf inl -l-i. i;a.
wro8t.Un.TaL— 78, 1900

:::i::ii'»<j%

-1.

.

61
8S

Q.ATol.-lBt,7B, l*.tn
Ill.AHo.Ia.— lst.ei..tl«

Landgr.i
Waat. Par

;2tf

..-,

1

Ul

no

'

-DlT.baada
p..l«L7a.|

jCoalll.-lsl.»>

N

Oil. .to:

.

~

"

116
111%,

114% lis

Kal.
W. PWraso-Ut
IMI. >L AT.— I at.7a. IMMi
-

I'l'Jl..

,

Bqalp'ttKl«..7«. '8.1.
Conaol. oonv., 78. 1007
Ot. W«8fn-lat,7B,^88

10B%

ua

'4.1930
lat,6a

lJi%

Ixla.T.

Cblo.a
-

ii*i.

:•-"'•

118%

A., 7s

A

91%

-^:.\ i;»
U|.(!,:M01%

Laka SlMra A Mlrh-aa.Hii«.AKrta-Naw

3»Taan4a»»ta,te'
BseaaabaAL.n.-l.
DaaM.AMIn-^P -1-

Wla.*

I.

2d. 7b. inn;t

KB«ST!Aa-4at8a,lSw
Clvra. P.

Mtak-K

•-•l.

OiMroJI lliv.— If.*,

55%
...
Waba«h-Mor 78, 1 000 82
Tola W.-l«t.oxt., 7b 112%
1st, St. I.. Dlv-.,7ii/8
99%
2d,ext., 7a. 1H93...

ibl

106

78
94

I

00

CalroDlT.—5a, 1931

111%

P9%

I

"eT

i'o'i"

73%

90
:o3%

91

Kaatani DlT.-da. 1921
niluuap. D.AHnr. -l^uTa.
iiLA UC :(o. -I al,4<u(ul<l •::::::i:»!:!
li:(
CaaBoa,8a, 1900 ..

A Rartkwwt.-

.

ll«%

lat.pi<!{..T>,

2d.54a,19a«

Va«> A aa. Sa, Aaaa

.r.

Truat Co. rfceinia

'

il

iiio'

iVf

!

lal. ft^a.

I

Wla.AMlB.DI>.,5«.l
TaraiiaalBa.l9U.

I<»w»Ml.llaii.t-l.|

'.

:nd.BLAW.

1

C.AUMap.lMT.Sa.

H'.

>130%

119

OaAr

"91% 93

109

Dab A

'

"95% "97"
108

•119
163'

Oel.t

I

Oklo.AP.N\
jlla'IPt. Wt..',.

:

ioo»i

40<a

'78%

Hablna UlT...lat,6s.l912

•

'

80
•78

Trust Co. recolpta

:iO'.
119'.

Isl.

H. A D., T
kAPae.6;

Psnioaiil.t

'

lfiddlaDlT.-itac..fta...

10s

;

CHCUA !(.0.-faajL.Ta|

'

1

im)%
i:»%

A W.-lat. 7s, 1917

Va, Mid.— X. lac, 6s,1927
Wab.8t.UAPac.-«en.,as

110

8a. IHtw*..,-

1911

1st, 78,

Tol.40.C.-let.i».,58,lP36
•Pol. P.

lis

g

18a

Tol. A. A.A O.T.— lst,68,|r. 107%
iVs" Tax. A N. O.— lat, 78,1905 123

M

IV51...

Oeneral, 68, 1921
T«x.Cen.-lat,s.f.,7s,1909

101% lbs"!
-;% 77%'

:oi

.

ttai

121% 12a

Wl^i

BsT

Sodas BarA 8o.-lst,5a,jr,

100%

100
lUS

106%

mi
(aSrKAir.Tas.-lai.7sl

al. C. A
asol. T
1.7s. !..« I' r.«'
f.^, n. Vf. HIT., lu.

CMa.

WaeaA

Mln^s Un.-lat,

,.-- 109
'}J1!? lif
118%

il3

:

Waat«n,

3d. aaaaaM.Mato Uaa.
Hi Ml aL 8a.

«

-.l,I..t

,

r»i f. -

lat,
Ist,

laLLa
a».l.

«

I

ttniit-

1

Kxt.-«a, 1910.

iia'*

SkP.A OaL-lBt,Sa,1031 113%
108% 80. Car. H'T-lat, 6s, 1920 110 110%
-88
85
9d, 6s, 19»1
<t8
So"
Shenand^hV — lst,7s,1909

10«

-•JT)...,
1st, 8s

M, 8a. 19.1

jai,^'r<
B.—Caa.r'1
Aa.irkAlap.-:u.i
Ma. MU. A »t. P lat.i«a. P. U. l>t!H
td.7 8.1— >

DakoU

108

117

latconsol., 6s, cp./103:i

I
,

95% 9«

lBt,6a«

Ill)

r'lilurSr.A-

itr.'

BolloT.A Ho. III.— lat, 8a

BeUoT.ACar.— lat.Os, 33 110
83% SCP.SMnn.A Man.-Ut,7s 114
130
1*0
9d, 6a, 1900

9S

'«..8a.

110

<

no
lis
97

I

"83%

'bi"

olpn

70"
80
106\-_.
07
113%
113% lie

Cairo A Kalton- Ist,7a.
Cairo Ark. A T.— lat. 7s

I

.aLHar. A O.Aal.-lai.aa! 108
-l.Kar.A8.

.-.

m'

[.''-UWaiMi

Mt.— 1st, 7s.

Iron

Osn. r'r A l.irr 5s,1931
9t.I.. Alton A T.H.-lst,7s 116
135
111
2d,nr«f., 7s, 189«
106
136%!
3d, Income, 7s, 1894

81

u'J:<

A

ua

104

Arkansas Br'oh— Ist, 7a •13

iti;7a!

ntAP.Kai^->i.6a.l»20: li2
rXW.A OaaTc-laLOa... 84%

C.B.I.AP.-9..

Mna^.95
.a,1910

ML Vam'B-lsl, Xa.
1'8« KTaaa.AlB4»a.— 1st cuds im
luu

.

Plata 4a. 1V2:

BXL A Col.,
Kaak.AOM

,,

1.

117

Bt.A T.n.-lal.eons..iU

(

Harlffrn- lat, 7a, ooap.
BlKT. -l.t, 7a, luM

NY.
197% 108%

1937

3d, 7a,lH97

i03%

1

iS7

ax.r.A t.-iiL7a4U8
M. Y. L B. AW.Z|r»M8a
j.Aw3rwMtt

Mt. L.

:06%
o«rta.,extiL 5s
CAil -l«l.op.,7a 136% 137%
111%
l>eb..Sa inot

1

l«a«I>aet

,t

180%'

129

ctiat.ASt.L.— lal.7a

a. 1901

•i'ss'^:

Caatnl-«<, 1887

Kaor(.,

11§%

8a,

Inoomea, 1900
8oloto Val.— 1 St, cons., 7s.
8t.Jo. A O'd Isrd.-lst.ea

116
139

7b.191'<

I

...idifi;

iVo"
90
100%
114
107 ids'*

DAbantara

M»-r«n% la.AT.— lat, Oa

OMlwAAItoa-

(la.

AU.ACh.—lat,pr.,7s."97 12t

IM. BstMBlaa. 6a, 1937 'ioS"
at.1., A Cairo—U. guar.
73%
-.

180

19.'»2.

Y.-lat,

I

111
116

Nawoa.

109%

Blob. A Danr.—Ooni.,<.,0a

95%
83%

inooma. 1911

143

RonmW.A Og.-lsl,7«.'fll

ix>iucvnU Imat. 8a, 1 899

a.6ab 19S0.I '113

108
141
136
133

A Tol.— lat,B8 110%

MoK. A

105%'
Con., Ist. oxi., 6s. 1922.
98
Rooti.,tI'llt.-lst,8s,1931
83
Cc>n.uil., l«t, «8, 1933...
113% Rlcli.<t AllsK.-l't, 7s,1930
Trast Co. reoalpu

104

\la.-la(,7s,-90
'.'lio—

R'y—6s ot

Pina C-k

Pitta.CleT«.
Pitta.

M0.B.A T.-O«oLjia,lM0
'

•~1.4%«.19n. 1I9>.

106% 107

8£nar..7a,1898....

iiio'

Oaaanl.5a.1930
Con*.. Ta. IMi.4.8

»i.ABI«HwuiT-6a. iO»%

aiaktulaiHt.

133

> tiiw Kit
lat.7a,1910
Pac. Kxt.-l«t. 6a, 1931
Imp. * E'iulpf-Os.1983
lUnn.A N. W.— IsLSiLCld.

56%::;:::

1980

130

—

il

123
99 lUO
•91% 93
107% i:o

A

St. UV. AT. H.-lst,R..7s
9d. 7a, 1808
:....

il

75
39

I

PtW.AC—

117%

-lat,7a,1909

108%

BarC.A

i><!4.

Pa.Co.^Sfniar.4 %s,lat,op

Plt:s.C.ASt.I..-lst,o..78
Pitta.
l8t,7s
Sd, 7s, 1913
8d, 7s, 1013
Cler.
P.—Cona.a.td.,78
4Ui. a. („ 6s, 1892

116

1934

>%,

c.tis.l93J

:

.,.-lsl.7s.l9«7l

83%

•81

M> AMarq.—l»L»a

<)s,1931

'

Xli
A«'

I

t>a« If

lat,5..Hf:
Baff. N. Y. .t

"IH

'

ia.1.

Tnat C*. raoatpta .... ic«%,uos
t
8a.Pk.A PMi.-lat.7sl 81 1 83%
84
0*B.<AlUaO. WaaC— lat.8a -8*
,

111%

:i4i
'122

I

PennaylTunlA

104%
104% 105%
108%
119%

Jack. Lan.A Sa«.—6s '91
SlUw.<t Vo— lilt. 6a, 1910
Isl. •-

:>anT.ABloOr.— l<t..Ts..
la<,aM<oL.7a.igiO

kOMTAW.

Coop. SsJioSlV."

.

—

A

1.

183

Pa.Co.'«4%».reK.,1921.

lUi

1 at.eaaa..(aar.7a, 1906
I at.oona..c«ar.8a,1906
Baaa. tlar. 1 si, cd. .7a

^ajs&."r:'..'.''.':
kSI.L

121

SECPRITlBa
R R.—

Aak.

Bid.

XlelLCent-Con«.7s,1908 131
OmaoL, 5s. 1903

;118

1

laCKDlT.,c»..7aJ917; US
106
Alb. A Snao.— latTlt..

86

BBCURITIES.

Ins

•

lat.aBL.7B.1891
CoavOT/Za. 18»4

Makiac Paad.

Aa A PM.llWWi »

Bid. !i

A Hod. Canal -lat.7s

Dai.

Ht.Ja.

A

N

tOoapoaaoiL

.1

38%
40
68%

l.lat.

CIn AMp.-l«t.<:.C.A
JeiriTi.iin

"9'8%

27 H

brts.

"•rtlBl.-2d, Ino

Frpp

56

74

71% 78%

lis

I.,7'

UH.-1bI,7«.'H1i

Mmilh'ii.1>U.8n».(l"'»

01%
98

>.

THE CHRONICLR

188
New York
Biuk Stwtk

COM PAN IBS.
Marked thus

(•)

not National

Zfi

Olty
OonUiiental

Com Kxchanxe*
Kast River
Kleventb Ward*
rUtliAveuae*
First
.........

..

Gallatin
Oartleld

Germanla'
Oreenwlob*

Hanover
Imp.

4

BIO.

PRICK.

OOUPANIBB.

Aak.

Par.

Bid.

BBCURITIBS.
BOI^TON.

St.]

Ask.

A Topeka—Ist, 7s.
Land grant, 78

Traders'

Leather Manof'rs'..
Manhattan*

Market
Mecbanlos'
Keohanlos'A Trads'

HeroantUe
Merchants' Eioh...
Metropolitan
Nassau*

New York
Hew York County

S. Y. Nat. Bxch.:..

Ninth
North America*....
North River*
Oriental*
Faolflo*

Park
People's*

Phenli
Bepabllo
Bt. "Nicholas*

Seventh Ward
Second
Shoe* Leather
State oJ New York*
Third
United States

100
100
100
100
26
25
100
100
100
30
SO
100
76
100
26
100
100
60
100
60
100
25
25
100
60
60
100
60
100
100
100
100
70
30
26
60
100
26
20
100
100
100
100
100
100
100
40
100

170 "s

Ul

Amer. Kzohangre

...

Bowery

'.!be

187
120
160
200

Broa<lway
Brooklyn

...... ....

Citizens'

City

3200
120

iM

s66"

170

171

117

183
12U
110
650
1076
133 iss"
116
106

166
157
165
130
128
130
103

163
140

Uerman-Amerioan

.

Globe

Greenwich ..—

166

i68"

210

26
100
16
60
100

Isl'd (B'klyn)

Manalac. ABuifd..
Mech. <fc Traders' ..
Mechanics* (Bklyn)

Montauk (Bklyn.)-Nassau (Bklyn.) ...
N. Y. EqxUtable....

N Y

Fire

Niagara
North River
Pacific

Park
Peter Cooper
167

140

125

17
100
50
60

..
40
80
Kings C'nty (Bkn.)* 20
Knickerbocker
30

Long

107
126 130"
118 117
107 "a
13

Farragut
Firemen's

Howard
iio"

6lHi "ai"

130
202
ISO
117
120
126
125

Eagle

Empire City

109

200
106
150
285
137

CoBimerclal

star

Stuyvesant .........
United States
Westchester

WilUamsbars City.

160
90
97
150
145
170 177
180
il5" 120
116 yzo
r^5
117
35
80
216 '221
236 246
UO
86
96 1U3
120 125
80 lUO
260 280
133
140
110 117
216 230
76
70
110 114
130 136
I All
140
80
75
118 126
210 220
95
87
96
85
UO 120
16
6
90
80
60
110 112
90 100
110 148
95
87
165 165
So
80
150
160
100 106
160 166
105
100
160 180
100 105
141
137
120 125
103
100
65
80
60
70
110 117
135 140
125 135
230 246
IB6

60
100
26
26
17
20
70
100
60
100
40
100
80
60

89

60
100
25
60
60
60
60
60
37 "a
36
100
60
26
26
100
20
60
60
25
60
100
100
26
26
10
60

68

nou-exempt

Cam.

108»i

4s

119

40
87 1» 88
102 103
103 'e 104
56
Incomes
J
Easi'rn. Mass.— 68, new.. 127
1271a
125
Frem.Elk H.AMo.V.-Os..
K. c. Port Scott A G.— 78 il9'
K. Olty Lawr. A 80.— 6s.
112
K. Olty at. Jo. A 0. B.— 78 1271a
K. City Sp'rt A Mem.— 6s 110
K.C. Clint. A Sprlngf 6s 105
117
Little R. A Ft. 8.-78
09
Mar. H. A Ont.— 1925, 6s.
Mexican Central—4s
4OV1 40%
39S4. 40
Scrip
I

7s

Income
Serip....

Debenture, lOs

N.Mex.A So.Pac— 78....
N. Y. A N. Bngland-78.
ds
2ds, 68

,

10934

107 If
103
36

Ogdensb.A L.Ch.— 6s
Consolidated 68

Incomes
Pueblo A Ark. Val.—7s
Rutland— Ist 6s

i-.
JI27I3

nioig 111

•

97

58

Sonera— 78

1031a
911a

iI02

Wisconsin Cent.— 1st
2d 8erle.s

ser.

46

STOCKS
Atchison A Topeka
Boston A Albany
Boston A Lowell.
Boston A Maine
Boston & Providence

193

Boston Coil, ife M.. pref..
Boston Revere B. A Lynn
California Southern
Central of Massachusetts
Preferred
Cheshire, preferred
Chic. A East'n Illinois ...
Chle. Bnrl. A North'n
Chic. A West Michigan..
Cleve.
Cinn. Sandusky
Canton
Cleveland
Preferred
Cln
Col. Spiingf.

A

Gaa and City Railroad Stocks and Bonds.

GAS COMPANIES.

Par.

<fc

Co., Brokers, 49

Date.

Amount.

. .

1,000
Ill'

Scrip
PeotMe's (Bklyn.)

Bonds
Bonds

Williamsburg..

Bonds

..

Metropolitan (Bklyn.)

Municipal— Bonds
Tnlton Municipal
BoilQS

BQslUble
Bonds

25
Var'e
10
1,000
Var's

60
1,000

100
1,000

100
100
1,000

l'9Ja'el5,'86

May

l>s Julyl0,'88

3

Var's

2

M.&N.
Quar.

1,'~~

1902

3

1902
July!, '86

2iii!May I, '86
lis Ju'el5,'86

M.&N. 3'i,May

1,'86

Apr.

1.' 86

A.

X O,

"

Qnar.

Ask.

5,'86 113
'86 73

Juyl,

2>a

M.&N.

1,500,000
1.000.000
700,000
1,000.000
400,000
130,000
1,000,000
1,000,000
1,000,000
750,000
3,000.000
300,000
2,000,000
1,000,000

May

6
3
5

Street.]

Bid.

*

Brooklyn Oas-Light.
26 2,000,000 Vai 8
OlUzens' Gas-L.(Bklyn)
20 1.200,000 Var
Bonds
;
.
1,000
260,000 A.&O
ConsoUilated Qas
100 36,430,000
Jersey city ife Hoboken.
20
756,000 Qnar.
Metropolltau— Bonds ... 1,000
700,000 F.&A.
Mutual (N. Y.)
100 3,600,000 Qnar.

Bonds
Nassau (Bklyn.)....

WaU

Apr.20,'86

A.&O,

1900
Julyl,'86
M.&N. 31a
1888
3

3 Jtayl5.'86
J.'&'j' 6
1900
2 "a Apr. 1,'86
6
1899
i

114
75
104
107
81ia 82
150 155
114 117
106 "a 1081a
103 106
110 115
100 102
71
75
102 104
100
183
136
112 115
87
90
105 110
les 164
106 109
116 120
110 113

letmort

100

900,000

J.

&

J.

700,000, J. & J. 7
Br'dway&7thAv.—St'k.
100 2,100.000 Q.-J. 3
Istmort
1,000 1,500,000 J. AD. 6
2dmort
1,000
600,000 J. A J 6
B'way Surface bds.guar. 1,000 1,500,000 J. J. 5
Bondsguar
1,000 1,000,000 J. A J. 6
Brooklyn City— Stock
10 2,000,000 Q.— F. 2
Istmort
1,000
800,000: J. A T 6

1,000

A

Bklyn. Croastown— Stock
100
1st mort. bonds
1,000
Bashw'kAv. (Bkln)— Sfk
100
Central Crosstown- Stk.
100

200,000 A. AG.
400,000 J. A J
600,000 Q.— F.
600,000 Q.-J.
250,000 M.AN,
1

4
7

2
1>.

Istmort
1,000
6
Oont.Pk.N.4K.Biv.-Stk
100 1,800,000 <i.-J. lia
Consol. niort. bonds
1,000 1,200,000 J. At), 7
Ohrlst'ph rAlOth Str-Stk
100
660,000 Q.— F. l>a
Bonds
1,000
250,000 A.AO. 7
I>ryDk.E.B.A Bat'y—Stk
100 1,200.000 Q.-F. 2
1st mort., consol
Scrip

July, 1886 28
July,lH00 114
Jan., 1886 185

30
118
200

June.1901 107
1914
107
1924
1906
Aug., 1886 190
Jan., 1802 106
Apr., 188G .„„
150
Jan., 1888 105

109
IO8I1

1

AU)(.,1886|140
July, 1886|l80

Nov..l922illS
July, 1886

Dec, 1902 120
AuB.,1886
Oct.. 1898
Aug.,lS86
June, '93
Feb.. 1914
July, 1886
Feb., 1914
AUK.,1886

SOOAc. 900,000 J. A D. 7
100 1,200,000 F.A A. 6
Blghth Av.— Stock
loa 1,000,000 <i—J. 2
. Scrip
100 1,000,000
A. 6
tSd A G r'nd St. F'ry— Stk
1 00
748,000 (i.-F. 3
Istmort
1,000
236,000 A.AO. 7 April. '93
«2dSt.ManIi.<)kBt.N.Ave
100 2,600.000
Istmort
"1910
1,000 1,200,000 mVa's. a"
Sd mort., income
1,000 1,600,000 J. A J. 6
1915
Hon8t.W.8t.AP.F'y-Stk
100
250,0001
P. 2
Feb., 1886
Istmort
600
500,000 J. A J. 7
1894
ninth Ave
100
800,000! Oct.
3
aoond At.—stock
100 1,862,000 J. A J. 6 ;July, 1886
Istmort
1,000
lOO.OOOiM.&N. 6
1910
1.000 1,050,000 M.AN. 7
May, '88
o.9SS"°'
BIzth Av.— stock
100 1,500,000 K. A A. 3 Aug., '88
-I'tmon,
1000
600,000 J. A J. 7 July, '90
Third Av.— stock
100 2,000,000 Q.— P. 4 Feb., •86

FA

a—

180
110

113
105
200
107
225
112
40
109
68
126

113
120
106
106

100
100
200
110
160
112
ISO
166
126
136
125
136
118
180
115
107
216
110
245
117
4Sla

112
621a
135
118
130

200
108

216
110

220
115
300
Bonds
1,000 2,000,000|J. A J. 7
Jan., '90 ill" 113
Iwonty.third St.—Stock.
100
600,000 Lq.— P. ih, May, •86 240 255
Istmort
1000
250,000 M.AN. 7 May, '83 112 114
ttocka ,

but date

A Bound Br.— lst,7B

East Penn.-l8t,

78,

maturity of boii *r

A Broad Top

67 Hi
8S5

IthacaAAth.— 1st, gld.,7B
Leh.V.— l8t,6s,C.AB.,'98 125

Creek— 1st,

68, coup..
Pennsylv.— Gen., 6s, reg.
Gen.,68, cp., 1910
Cons., 88, reg., 1905
Cons., 68, coup., 1905...
Cons., 5s, reg., 1919

Oil

A

N. Y. C.-7S, 1896.
7,1906

Pa.

Perkiomen— 1 at, 6s,op.'87
PhlLAErte— l8t,78,cp.'88

Little schuylkUl...

5Si«

Conv., 78, R. C.,1893..«

Conv.

61

Sunbury

A Erie—lat,

08%

Cona. 68, gold, 1901....
Cons. 68, gold, 1908....
Gen., 4s, KOld, 1923....

A

U nited N

"si'h,

79
5818

A

A

.

220

J Companies.
.

West Jersey
West Jersey A Atlantic

58 1<
48

Lehigh Navigation

6l'(

CANAL STOCKS.

RAILKOAD BONDS.

.

Allegh. Val.— 7 3-lOs, '98
78, E.ext., 1910
Inc. 78, end., coup., '84

Bait. A O.K. side— CertJi.
elvld'e Del.— lst,88,1902

Gap— lat, 78,

•Bx.4iTidend.

,

A

Inc
Haltlmore A Ohio Is
Cen. Ohio.— 68, lst,M.A8.

—

A Aug.- Ist..
2d
:.
Cin. Wash. A Bait.— Ists.
238
Sds

136
1281*

128
116

119i»
131
135
101 1«
107

lis

116V

l'28i4

128i4l291«
"ir'iib'fia-

JlOOia'lOl

101
62
"ei'

62

681a
481a

62
8

Il2i«

6s, Series
6s, Heriea

102^

iio'
101 la

101\
86

101 1«

129
}ii7"

i083«
Dlbsi*
8111

100
113
118
130
87

88

S102ig

126
106
108

107 1«

10934

114
112
106 14 1051a

70

'20

21

Virginia
88

2d,pret., J.

Wil.

7h
t

AJ

A Weuiou— 6s

In detavlt.

123

126

126>9

119

A Tenu.— 68

W.Md.—68, l8t,g., J.AJ.
Buar.byW.Co.,J.AJ.
68, bd, guar., J. A J
Wilm. C A Aug.— 6s

116

103

B

Union UR.— l8t,gua.JAJ
Canton endorsed

.

Per share,

109

A

•2d,

120
.

108
101

*T4 40

—

112
22 1«

20

30 ig 32

681a

2d8
131a No. Central 4ia8, J. A J.
66
68,1900, A.AO
22i
68, gold. 1900, J. A J....

..

1

136
via

98
151
153
132
126
50
6
7
60
61 ij 62 19
66
60
10 la

1st Inc., 5s, 1931..

12134 1221a

1893.

1905

1111*,

ColumblaA Greenv.— lets 11414 lis

8d. 6s, 1887
Bell's

Ist pref
2d pref

Pittsb.ACon'ells.- 7sJAJ

Schuylkill Nav., pref...

114<i

Warren A P.— 1st, 78, '96
111
West Chester -Cons. 7s. iis"
W.Jersev— lBt,6a,cp.,'96 116

Charl. Col.

56

A

116
113
111

78.

Snub. Haz. A W.— Ist, 6s
2d, 6s,1938
Syr.Oen.A Com.— Ist, 78.
Tex. A Pac.— 1st, 68,1906
Consol., 88, 1905
Union A Titusv.- 1st, 78.
United N. J.— ConB.6a,'94

Western Maryland

Erie
80
Phlla<lelphla
Norristown iViO
Phila. Ger.
N.Y
Phila. Newtown
Reading
13%
Phila.
Bait....
63
PhUa. Wilm.

A

139

78, cp.off, Jan.,'86

14
RAILROAD BONDS.
•i8% Atlanta
Charl.— 1st

79

North Pemisylvania
Pennsylvania

138
66
137

"s"
Deferred incomes, cp...
Phil.Wil.A Bait.—Is.tr.ct 1029^ 103
1-22
Pitts. Cin. ASt.L.— 7s.... 120
36
Pitts. Titus. A B.— 78,cp
830
Shamokln V. & Potts.—7f

Parkersburg Br

856!ti

A

Sch. Haven...
Nesquehoniug Valley...
Northern Central
Mlnehill

1441s

32
ser.,o., 1933
Debenture coup., I893t {27

Central Ohio—Com
Pref

27
58

Preferred
Lehigh Valley
Preferred

II6HI'

perpetual
Harri8b'g-l8t,6s,1883..
1081s
H.AB.T.— lst,7s,g.,1890 114
98 1« 90Ji.
Cons. 58,1895

Cons. 58, 2d

,

Preferred

13313

lOSH,
120
1291a

58,

—

2d preferred
Delaware A Bound Brook 149
49
East Penn.<<ylvania
41
Elmira A WilUamaport,

Huntingd'n

129

1888 lOB

Northeni
1st, 7s, 1899
Norwich A Worcester...
Cons. 88, 1909
15
Ogdenab. A L. Champlain
W.JerseyAAtl.— l8t,6s,C,
1771a Western Penn.— 68, coup,
S176"a
Old Colony
Portland Ssco A Portam.
70'
63, P. B., 1896
Ports, at. Falls A Con'y.
Gen., 78, coup.. 1901
Rutland
CANAL BONDS.
3314
Preferi-ed
9lg Ches. A Del.— let, 68,1886
5
Summit Branch
Lehigh Nav.—68,reg.,'84.
20
Wisconsin Central
Mort. RR., reg., 1897 ..
30
5....
Preferred
Cons., 78, reg., 1911
Worcester Nash 'a A Hoch 8136 141
Pennsylv.— 68, cp., 1910..
Schuylk. Nav.— lst,8s,rg.
PUILAOELPHIA.
2d, 68. reg., 1907
RAILROAD STOCKS.!
UAL.TIMORK.
49 '< IQis
Buff. S.Y. A|Phil.,aa8.pd.
{9
BPrefeiTed
91a RAILR'D STOCKS.tPar
18
Atlanta A Charlotte
Camden & Atlantic
4234 Baltimore A Ohio
42
Preferred
100

Catawissa- 1st preferred

108^

EaatonAAmb'y—58, 1920 11534
Bl. AWmsp't^l 8t,6a, 1910 118

90
194
133
206

107
Concord
Connecticut River
Conn. A Passumpslc
109
Det. Lansing A No., pref.
88
85
Eastern
1271a
5127
Fltchburg
20
Flint A Pere Marquette. 5...
95
Preferred
73
Iowa Falls A Sioux City. 72
46
Kan. C. Clin. A Spriugrd 5
Kau. City Ft. S. A Gulf .. 860
PrefeiTed
"67'
Kan. C. Springf. A Mem.
4II4 421a
Little Rock A Ft. Smith.
{122 126
Maine Central
Honght'n A Onton. 32
Marq.
88
J....
Preferretl.
7%
71,
Mexican Central
A Lowell
Nashua
443;
N. Y. A New England ...
8140 i40ia
Preferred

1st, 88.

• This coin lan sBowa last dividend on

Del.

—

rQaotatlons bj H. L. Gbjint, Broker, 145 Broadway.]
Bl'okerSt.<fePult.P.—Stk

A

A

Connect'g 68, cp., 190004

Cons., 6s, 1920
Cons., 6s, 1920
Phila. Newt. A N.Y.— 1st
Phil. A R.—l8t, 68,1910..
206
Istmort., 4ias, cp..l910
192
2d, 7b, conp.A reg., 1893
104 105
Cons., 7s, reg., 1911
1331s
Cons., 7b, coup., 1911 ..
10
{9
Cons., 68,g., I.R.C.1911
71a
Imp., 6b, g., coup., 1897
25
Gen., 68, g., coup., 1908
Oen., 78, coup., 1908
93
Gen., 68, scrip. g.,cp.'85
74
Perk., scrip, 6s,g.,cp., '86
Income, 78, coup., 1896
141*
141s
Conv. Adj. Scrip, '85-89
4
Cons. 6s, 1st 8er.,c.,1922

89'

108

108

2d, 6s, 1904.......:.....
Cons., 6 p. c
Catawissa— 1st, '78, con. c.
New 78, reg. coup
Col.
Ciu. Mill. 1st m.,68

2d, 7s, reg.,1910
Cons. 68, C.A R., 1923..
N. O. Pac.-lst, 6s, 1920.
43^
No. Penn.— 2d, '78, cp. '96.
8»«
Gen., 7s, 1903
6Bia 67
Debenture 6s, reg
67
Norfolk A West.— Gen.,6s
1281a
N. R. Div., 1st, 6s. 1932
iiis" 1281-j N. Y. Fhll.A Nor.- l8t, 68
1181s
Inc.,6B, 1933

A

[Gas Quotations by Gbo. H. Pbehtiss

Cam.

97

5,

A Amboy—6s, o.,'89
A Atl.— lst,78,K.,'83

Mort., 6s, 1889

126

109 »a

Land grant, 7s
California So.-6s
Cone. Vermdiit, 5a
Chic. Burl. A No.— 6s
Chic. K. c. A Weat'n-es.

&

201

107
100

Truiit, 68
Bur. A Mo.iu Neb.-Ez't,6e

110

Cons. 6s, 1921
l8t,Tr. 68, 1922
Buir.Pltts.A W.—Oen.,68

'78

Murt^age, 6s
Mortgage, 4ia8

A<k

Bid.

Bell's Gap— Con., 6s, 1913
128
Buff. N.Y.A Phil.— Ist.Bs
1261*
8d,'7s, 1908

Atcli.

Guaranteed,

SECURITIES.

Ask.

Bid.

Plain, 6s

100
Amer.Ksohuige... 100
Broadway
25
2S
Central
100
100
26
100

Fnltou

Inanrance Stock LUt.
[Prices by B. S. BaUey, 6>9 Pine

PBIOB.

are Par.

and Baltimore.

(Jaotatlons in Boston, Flilladelptiia

Local Securities.

L.Ut.

[Vol. Xiail.

8

102
103
101 la 1021a
101
104

il8"

Last price this week.

\

AuocsT

THE CHRONICLE

14, 1886.]

RAILBOAD EARXIMGS.
Jan. 1

BoAoa.
WttkarJto
Ateb.
Bait.

T.AB.

*

Jane
A Potunuc Juoa
P..

1886.

•

I

104.45U'

.V

l.l!>9.i:<7

3<),7-J»

21. -(.-iM

U.".:i.J

60.!t8-.2i

U!».«.HS|
3ti,i'j-i

iJ'<i;,o7s

1

1.17,->.:i.:i'

l,638.2yu

:ii'.». i-.'l

W

wkAuK.

:

CUo. A
aUe.li

irkAuj;.
2,1

:I10

tjutt.

'

itcwkAnjr.
Ohte.MII *8t.P. liUwkAog.

*21J0f

Okie.

4a7..'><>'

111.

& Xorthw UtwkAus,
0kJBt.P.Mlii.*O latwkAoic.
Okl*. * W. M leb. IxtwkAnr.
Olm.lBd.in.t..f
On. H. r,

NtwkAo*.
iwkJTy

Al».<,
wkJTy
W. Orl
.wkJMji
TlelBh. dt Mer iiUwkjny
neta. Bh. A p. ilbwkJljr
•

Obk.WMh.ABali nhwkJ'lT

OsTJlknaACol

Jane
OtoT.OoUXAlBd M«y.
Ool. Aan. Iflit lihirkJly
OBL Baek.T.AT. Juljr
DMbai7 A Mor June

DaBT. * Rio Or llaiwkAac.
OaOT. A B. O. W July
Dm. Mo. A Ft.n I'twkAu^.
Det.LAo-Tk.vug.
•

B.ItaB.N

raiMT.

08.600
29.(M0
53.754
•6.510
38.507
16.771
11.830
14.409
53,700

....wkjnj

.'.

Mmfu

•

ilawkJ'lr

Mmj.

OMt|rt«rMiae. Jnoa

ttMpdTnuik

Wk

MfOoLAS.Pr

jnjr 31

32.214
47.000
80.476

T«.FWbA&C. tMwkAoK.
Tat.Io«*Uo» UtwkAiiK.
TMalkUllMS l«twkAur.

UM.BIaiiti.
lad. !>•'

.«

W

'-•wkAmc.

1.37i.i;ii

88^8

15.314
11.397
10.411

37.545

"37,!»t;'J

1,43(1. -.-s

0^,538

5.'«;.,7.i.'

336,000
2S0,3IJ
227.70J
1,061.03

387.871
160.743
11::. -'ir
1.483.487 1,31- i~5,580
168,773
10-J --187.518 1,343.872 1,2:.7. .•,>;
18,549
00.670
137,0«7 8.636.154 3,411,168
552JKilt
523.045
5.463
180.205
204.07:i
10.312
600.01"
Oli';.7-n
276,971 1.570.060 1.617.7 1.1
438.150
19fiM
3»."i.<;7;t
47jr.>2 1.251.006 1,0H7.IU<>
43.343
140.231
l.V.'.7HO
!!.< ttl
M^.5116
207,-.<>l

8^3
964.083

33.983
300,334

10330
197.063
10.364
133.306
85.400
5.385
10.027

31.687
66,003
si.8ao
40.4V>
342.17

t

-4.840

8.'.M1.-I

>a.^iD

I

73-. 7. 11

lOUJOi
a.ooti

17.400
10,10<
30.9<>'

56.41.
3t>,0>M

K.an-

*kJnl>
okJoly

C. ~

33.3"-.

24.335
4.68-.

I*.Rk.APi.flUiai

L.Bk.*N K
to^u..,

3,07s,l;)i

I,4I!2,054
1.537,2321

1111.0:1

Jiiljr

nLOHt.(ni.«Sai tutwkAax.
CMwPUUItn lnlwkAoK.
latwkAOK.

886.023
12.8!W,677

< 1.461
704.243

i.

284.1.%2

VUM * P.

Kao.

^.M':
'•1,000

12.a7-y.9fl8

'^700 13.156,692

10306

* Ckoton.

Otor.

31.7'

Jane

31.097
17.7lt

44.17-.
18,0gfr

373,ne

936,a»

....!.

t01,«7l>

67.147

338.146

I

17.

no

.kAii:

...wiiJV
ffS^Ev...
lMtoir.*MMiiT. i,twkAo».

jfl5l^JI.O.*TJoiio
IbiiieOBntral

IWrWwwdi. A o.

vuiMB OMtn.; i.iwkAnc.

l.tvkAa«.
i .iwkAoS.

Max
4ttwkJ'lr

Mia*. ATmiii.

07.1 Wi

4BJ69

845.285
ll.^.l77

I.«,!».?3l(

1.71.'..-'

.i;.i'.'.7i.i

.;

JllIH*

.

Total

6

300'jeol
1<»«,*»1

234.002
Olfl.007
1,027,218

•'••;

iX.Y.C.Vlf.c .'j„„.,
fj;''2'?*'*'> *kAnir
TJ..Ki1aAW..LJaBe ..
W. T. Pa. A O ~f .m^

BO-J

717,17

li-'i

."Siri,-"

I'll-.

433.5;i>
1.130j8<i

PMlBf July

OlttoAMlM.... Joir
JuJr

.

39,064
383.443

1-

2<-

utwkAof.

.ijr..

1.2:1

3J»3«,3«MK

at

I.

Do

IMwkAnr.

4ttwkny
lutwkAoir.
l«twkAii«.

•CPaalAOalott latwkAoc.
8l.PjaB.AMaa. J«ly....„.
mmtkCmnttnm.. Joae
06l HT.A8.A Jona
Laala'a Want.

Jnac
June.

!!«•>> rjkTJaiM
R. uri.

IBnU,
mt.AtJlj-*t««>i<I<>ne
A iSMfli- line
'

I

Tn. M

wkJTy

f"

ToL A. \
UbI«b i'.
Wak.a«.i. A

i>t|KM4t«.

•

"s'obo
474,600
44,300
039,800
46,000
44,900
849'ioo
46,0C0
isd'ooS
813,900
199,600

2.9-24.300

3,8X6.600
3,762.300
1.670,300
8.370.000
6.526.500
6.68J.90O
2.070.100
22.198.700
34.918.600
2.070,000

44a;ioi
440',lo9

'49,80S
990',00S

45,000

l.O3il.SO0

334,ao3
180,000
189,000
86,000
46,000
381,200

18.H42.600
0.732,000
4.009.000
6.814.700
20,612.100
6.346.000
1.328.400
3,323.400
2.833.300
3.379.800
4.387.100
3.760.800
3.837.600

179",boS

226,000
180,000

48i0o5

2/31.600
46,000
44,200
46,000
334,200

4.X45.8(I0

8.015,900
1,695.300
1,603.900
4,142,700
a.l 31.600
1.981.700
2.000.300

46,000
180,000
8,016,70

past:
OtrcttioMon Aim. CUor'ta

i

apMi«.

7.817.600'619.699.073
7,864.000: 489.1 17.680
8.016.7001568.810,293

DipoMU.' Otrmlation An- Otar'tt

TtuUn.

L.

•

8.066.800 106.474.800 16.417,700
3,927.600 104,7 18,K00 13,080,600
2.785.900 103,474,900 15,780,100

9.673.800
8.699.000
9,60lf,a00

77.1.18,307

70,798,873
78,198,096

totals of the Philadelphia

40,71 >o

42.V006
349.434

4-.i3..'M)«

334,S-.i9
31.688
38.883
881.804
821,08.t
183.649
17.»40
661.435
80.068
671.568
401.003
11,736
74A'V2 9.633,905
38.860
730.274
6S0.3N7 8.8M.880
50,5-23
631/>10

36.450'

37,333
13.710
86J596
88,431
670.064
63,410

301,966
48.710
860.677
80,061
606,787
403,060

252..'>.')9

608.70.5

577.043
660.777
414,340
2,377.478
644.898
3,607.305
532,991

339.687 1,233330
43.370
800.465

1383,660

l,!l»!».2«2

l.«42.!>94

8S9.9<<t

287.813

6---

DepotU:'

au.\ Aik.

SMiir«4M.
Cent. Dlr.. lat. new..
Altamont Coal, bouda. ..
Boat. H. A K.— New atoek

OtreuioCfam. A«g.

-7'ii,22i,.'>30
6..'.H.370
i

I

.-ilii.7f»l

I

Old

Debeatnraa
BoS. N. Y. A PbUa..
Pt«*

bania
CtMr'd

66.916,011
60,666,676
67,198,073

.

86

N. Y. W. Bh. A B.— Stock.
Nortb. Pao.— DIT. bouda..
84 V North RIv. Cona 100 p.o
1

Brooklyn Kler'd-Btock..
lat mort
3(1 mort
,

Paetfle

4
48
33

I

PltuboTKA Weatem.lat

A Grand
Incomea

103V

St. Jo.

70

W

OeoTKla Pao
latOa
ada
Ke»ly Motor

19'

!4oripl88S
A O. Cen. com. stock.
Prof
109"« Till. A. A. A N.
67>«
lnt 6a
6>l| U. H. Electric Light
4'«

94
Btook

Rook A Ft. Smith..
Mealoaa National

.

uoko

M.K.AT.— Inoonie acrlp..

A

OIUo.— lat mort..

1"»

107
66 <a

3"4

36 >a

is"
67 <!

37^ 28
16H 18

98 H)
47

*v*

8>«

'ii'

40
23
43
16
..„

e3<!4

I

40

)

I

VIcknb.A Mertdlao
lat mort.
2(1

mort

MIcb.

M

a%

5V
64^ io"

Tol.

14

Pref
.0

lal., lat..

Btook
7 Hi
19 >a St. t... Ark. ATexaa,8took

6
18
10

la
so'

86
28
Ohio Cent.- lat M. tr. cert 26
8
Peoaaoola A Atlantic.
lat mort

OonT. A HloOr.W
E.Trn. V.Ari.new.when la.
Ist mort
66>* 60>«
2d ranrt
I at prarerre)!
do
2d piefenod
26
26 ft 8t. Loula Ft 9. A
do
RdiKon Klectno Liicht.
8t. Paul E. A Or.Tr., 6s..
130 130
Texaa A Pao.-8orlp 1884.
K.'ialt. Oaa Co. of N. Y...

lat
,

Bld.1 Atk.

BaeurWtai.

V."
8".'

,

Tmat bonda. 6a

Little

imaaatUajrear.

6,9tl8,200

3d mort
N. Y. M. On. Tel.— Htook.

Tmatatamped (took...,
T.A Weac.-8tk.

Pnjferrrd

<r','.

10.91MI
i.ni.-..-i'>-. n.n<i'-..i

6,918,600
6,007,300

N. Y. City A Sorihem..
New Jersey A N. Y
N. Y. A Ureen-d Lake, lat

77 »

Boel. U.

PlintA PeraUatciat'tte..

47,»7fl

26.8MU
2.2nn.'''.'i

Uutt^Mont.

Le«u.

AU.A Paa.-C.D.,l«t.oM,z 99^1

CalKomla

1ta.A

Tandera

I

Philadelphia Baaks.- -The

l^l;:ll;.^J-'

97.700
43.8«6
213.058

..

'

41t<MiATJ.

Lomt.

4M.891

1.3!

X-.J7.0'.'2

.Mar
-

A 04.00.

IL.

•

78.300
598,600
168,800

3.69-2.400

370.1100
153,0110

weeks

'90,do5

11.506.800
3.062.000

270,000
4^4.200
339.200
846.900
114,300
301.200
a36.aoo
473.000

for oeyeral

369,000

DnllBted Heeorities.— Following are latest quotations from
Petroleum Board and N. Y, Stock Exchange:

1<,80.'>

-J.l'27,«.->0

:v
ly

tRoBaWai.Aug

693.300
1,177.000
3,001,400
813,200
393.600
190.800
637.800
466.700
189.400
348.800
846,800
811,800
197,300
863,100
306,000
133,600
431.000
410,000
738.200
372.000
a 409.000
3.765.300
113.000
168,300
1.298.900
1.191.000
335.000
490.400
1.407.300
817.300
158.800
398.000
401.900
371,600
536,700
333,100

86.065.100
88,sa0,400
23.625.500
23.782.700
85.784,300
87.687.600
86,184.600
23.751.600
7
188,072.900
Aaif.
Inoladinc tbe Item "dae to other banka."

Btohni'ilADanT. July
a.MI<1l-<l r»T Inly
Col.A<.
W««t..s

167,800
1,341,900
467.400
1.048,800
199,400
233.000
136.100
411,000
91.400

Jnly 84
•
31

':!3,840
77'
i-*J«l
^->.a38 23.2

4,:i..

Pblla. A Krln
June
Pblla. A RfailinK June '.'..'.
l>o
C. A froDi .liina

Bo. r.i

,„85O.S00

2,708.000
14,7C1,000
3.146.800
1.701,200
33.84 MOO
3.441.700
6,8«B.700
1.870.000
1.716.000
1,196.200
3,950.700
1.332.600
8.693.700
14.865.000
13.846,200
S.067.200
7,259,500
2.654.000
7.794.600
4.840,600
8.135.600

2H1,7»1»

371. 7«'
^r.- -

fV
June

ftDBaylranla.
Peoria DiT. A Bt

181..ia0

45,00d

8..Sltl.000

11,080900

B4MtOB Baa ks.— Following are the totals of the BoBtonbankB!
1886.

vm,*

347,1A«

June

Or.lbon Uaa.

350.S0O

9
46,000

aiaaaloilows;

VottkanCton June

".Jo.

SneU.
I

J-ly24 148,187,900
- 31 146,786,000
Anit. 7 146.137.800

\f

OmB-AKoi.

*-545.)i00

. 897.U00
1.304.600
701.000
1.637,000

Hon.

1 1.253.000
lO.Oi.i.OOO
8.3118.100

•

VoctoUlA Wort
Mill Winn

l.ail9.2(10

Orcttla.
a.

l,.'.rt.i.'<r.<!

i.-j

'

.T.AXawEn.
M.T.Oilt.AW

1.210.000
388.000

J-lT 24 35S.«O«.O00 aS.978.000 44.995.200 378.812,000
- 81 364.3'27.4l>0 ii4.-i71.-2IM» <».0-J:(.:)on 377.70.1.100
Ang. 7 366.160.000 65.('8t.lHI0 :<7.764.80<>I.'<76.H0U.'2<><)

191,*>u«i

n.M6l

otiur
V.

tlian

358,169,000'68,084,000 87.764,800 376.800,200

f

lObMS
XS1,38«
14.877

1.257.000
1,138.300
, 128.000

2.5:19.700
1.-J98.100

1886.

2

llT.f.-17-. 1..

.TAMO.AW

9.3-JJ.OOO

12.446.700
,3.767.000
11.009,«30

The following are totala

3:

61^650

1.789.(100
, 89J,6i)0

1T.1U4.70O 10.061.000
S.009.200
445.400
6.430.900
607.900
Botoben' A DroT..
1.843.800
384.300
If eobaalei' A Tr..
1.565.000
66.000
araaainob
l.lill.OOO
127,800
Leatbar ManoTn.
3.387.300
403.600
geraatb Ward
1.343.900
263.700
Slate of N. r....
3.7O7.70O
128,900
Amatlo'ii Bxob'Ka. 16.48-i,000 8.108.000
Commeroa
18.705.9J0 1.931.600
Broadway
6.874.100
946.000
UereanUle
6,601,400 1.247.200
Paolflo
„ 2.417.800 869.400
Rapsblla
7366.000 1,603.900
Cbatbam
4.491.600
769,200
Peoplea'
l.tl0-i.800
136,700
Noiib Amartea ...
3.362.600
338,800
Haoorar
9,766.700 a.697.900
Irvln«
.<
8.209.000
VJtMO
C'ltl«B»*
2.874.7(10
463,100
.Naaua . ......
2,719.500
101.100
Market
8.234.400
416.600
St. Niobolaa
1.867.100
217.600
SboaA Leather..
3.187.000
448.000
Com Kzehanse
(;.'J-27.Hoo
628.100
OenUnental
&.040.SOO
437.300
Oriental
2.U7;<.000
366.000
tmportera'A Trad. 2U,»81.1i)C 3.438.600
Park
20.865.000 S,U68,000
North River
1,870.000
100.000
Kut River
1.208.100
174.600
Poarth Natioaal.. i7.bl4.400 3.S75.5U0
Central Nailonil..
9.0a'i.0oo 1.261.000
3,334. Ouo
Second National..
694.000
5.i.U,ii)0 1.083,800
!(lalh National...
Pint Natlunal.... 10.tf<7.5oo 3.814.600
rhlrd National ...' 6.12'J.OOO
609.600
:<. V. Nat. Bxcb
1,460.000
194.30U
1X4.000
Bowerr
3.380.800
-V. Y.Ooonty...,
a.341.4|)0
836.300
(iennaB. Aiaerlo*ii.
2.704.900
179,400
3.477. loo
Obaaa National...
486.100
Plftb ATenoe
3.561.400
73i,0UD
(lennan Kxeb'nfa.
a345,400
360.000
(iermanla
3,304,700
168.300
Onlted SUtea
4.171.800
032,400
8.001. loo
Uaooln
6a0,T00
Qartald
894.600
1.583.10C
Plfth National....
l.'.!90.ao0
310.690
3.561.8(10
11% ol tbe Metrop..
693.300
1.651.400
Waat Bid*
830.200
2.: -22.300
Seaboard
2:7.100
Blztb NaUoaal....
510.100
1.610.M0

13<

ni.I^.AWMt.
MUwaukaa A Mu
MoMle A Ohio

116.602
270.500

41.771
16.001

May
ttli wk Jlr

T.^.

4IJ6<<
33,22?
07,721

..

1.540.000

P.SDO.OOO
7.877.200

City

SetDepoiiU

TmeUrt.

ii.Ma.ooo

TradMmeii'i..
Palton
Chemical
Kenbanta' Sxob.
OaUailn Mattoital..

.

tnne

Ckte.B>i

SeirTork
Maabattui Oo
Amerlaa
Phenlx

'1

Amount of—
iMal

6l>w4«.

DUeounU.

ICerebanM'....
Keehanloa'....

a:

AS.

1886:

iMint and

«>3.>,r)l:j

CkoadlaoPMii
Omtnl Iowa
p. A Obio J no
BUi:
.L«x.ABA'jiin«.
o.

7,

1.3 10. SI il

103.U.'>7
50.l<H)i

68.473

11

foUowing statement shows the
New York City for th»
'

Avtraat
7,227.2.iS

C.
C«UJ«ltM,

ending August

i

e.»4i..i«8

.5rt,74X)

'y

^^ZX
week

condition of fi."^A^*'^*!-T^''*
the Asaociated Banks of

1885.

*

1.2.52.734 1,218.772

Bufl.N.Y.* PhlL intwkAai?.
Buff. R'vh APi'i NtwkAuK.
Brn
hwkJ'lj

C

1089.

1886.

Is Lalett Date.

189

90
72
40

80
I

....

5
03 <•
66
16
106

mart

Incomea....
Wvat N. Car.— Con. mort..
Wlarnnwln Central

10

THE CHRONICLE.

190

Balance of realized income

I^tiujcstmjettl

From canceled

%nilva;x& %utelli6tuct.
The ISTESTOHS' Supplement contains a complete exhibit of
Funded Debt of States and Cities and of the Stocks and
Bond.-- d/ Kaiiroads and oUier Companies. It is published
on the last Saturday of every oUier tnonth^mz., February,
April, June, Auyust, October and December, and w fur

extra charge to all regular subscribers of the
to subscribers of the
Chbomcle at 50 cents each, and to others than subscribers
at f 1 per copy.

nUhed without

Extra copies are sold

ANNUAL REPORTS.
St Paul & Dalnth.
(For the year ending June 30, 1886.)
From a circular issued in advance of this company's annual
report for the fiscal year ending June 30, the following is

1886,

was

as follows

fiscal

years ending June 30, 1885 and

:

1885.

1886.

$86,598
449,268

From land and stumpa«e sales
From operation of railroad

$213,061
629,941

Total net earnings for year
Paid interest on bonds
Improvement, conatruotlDn and equtpmeat

$535,866 $343,002
50,000
50,000
417,104
86,226

Netlncomefor year
Balance of inoome from previous year,

$393,639
44,103

$37.i,998

$143,742
AppUcalile to dividends on preferred stock
IJivldeuds on preferred stock, 7 per ct. cash, for yr. 374,328

$145,312
374,657

less div. fd.

Balance of income as of June 30
Deferred receipts frum land and stumpage

69.414

$70,654
$69,414
425,695
350,709
Prior to January 1, 1885, improvement, construction and
equipment expenditures were charged to cost of road and
Such expenditures have since been charged
equipment.
against earnings. In the fiscal year ending June 30, 1885,
such expenditures amounted to $140,020, of which $53,794
incurred in the first six months, were charged to cost of road
and equipment, and the remaining $86,236, incurred in the
In the fiscal
last six months, were charged against earnings.
year ending June 30, 1886, such expenditures amounted to
$417,104, and were all charged to earnings. In comparing the
gross earnings and net income from the operation of the railroad for the last two fiscal years with former fiscal years given
below, these changes must be taken into account. As compared with former fiscal years, the net income for the year
ending June 30, 1885, would be $399,268, and that of the fiscal
year ending June 30, 188S, would be $579,941— considerably
more than in any previous year. The expenses, stated below,
include taxes, interest, sinking fund and fixed charges. The
statement does not include income from sales of lands and
sales...

etumpage.
FarHinga.

Expentea.

Tearending JimeSO, 1882. *858,76l

$755,575
944,551

Do
Do
Do

1883. 1,203,433
1884.1.308,038
1885. 1,293,511
1880.1.487,908

Ket
Income.

ments.

$

$103,18f<

258,882
235,^32
313.011
162,837

1,022,105

894,242
907.966

86,228
417.104

The net income from sales of lands and etumpage for the
five years was $892,212.
The improvement, construction and equipment expenditures
during the past fiscal year include new coal and flour docks,
warehouses, yards, and tracks at Duluth, Rice's Point and
West Superior; new freight, passenger and sleeping cars and
locomotives; new side-tracks, stations, telegraph lines and
machinery, and the reduction of grades along the lines. Sixteen miles of new side track have been added, and the company now operates 225 miles of railroad, having 71 miles of
Bide track; owning main line from St. Paul to Duluth, 155
above

miles; Taylor's Falls branch, 21 miles; Grantsburg branch, 17
miles; and Knife Falls branch, C miles; and leasing Minneapolis branch, 13 miles, and Stillwater branch, 13 miles.
On June 80, 1886, there remained unsold of the lands of the
company l,li>7,054 acres, and of the Taylor's Falls branch
69,680 acres.
'The following condensed balance sh^t shows the assets and
liabilities as of July 1, 1886, exclusive of the above land grant
lands:
Cost of

mad and equipment

Blwks and

1,

187,3; 2

1880

70,651—

A$sett.

iionds of branch roads and
Bills tcceivnblii and land ojnfratts
Wood. c*al, r.iilH. lies and supplies

$10,185 391

towns

487!5<1<)

353519
71,217

Station agents, conductors nndotbor accounts
Mluneaota lauds lot elsewhere stated
For redemption of Taylors Fulls bruucli bonds

C»sb on b»nd..
Dividend fund

97597
18'4'8
33 119

$236,413

187,362-

Total

423,775

$11,670,700
lita'utUtieM.

Preferred stock and scrip
Coinmi)U stock and scrip
First moit».'a!<e bonds, 5 percent
Taylor's Fulls &, Lake Superior RR. bonds, guaranteed
Accrued Interest, rentals Hnd taxes
V„y rolls, viucbers and sundry aeoounta
Forelioi roads
Sinking fund for Taylor's Falls branch bonds
Beferren income from land and siumpage sold

$5,376,970
4,0.>5.407
l,iiOoiojO

210,noo
-

l-i,761

19.5,57«

25 •2,-,2
33ill9
350,709

;ii!l01,894

f 11,670,700

GENERAL INVESTMENT NEWS.
Baltimore & Ohio— Central of New Jersey.— At a meeting of the directors of the Jersey Central Kailroad Company,
on Thursday, the joint traffic contract between that road and
The new
the Baltimore & Ohio was formally approved.
agreement recognizes the one already existing between the
Baltimore & Ohio and the Heading road, and under its provisions the Jersey Central, Reading and Baltimore & Ohio lines
will be operated as one road.
The Central agrees to interpose
no objections to the construction of the bridge over the Arthur
Kill to Staten Island, where the Baltimore & Ohio's terminals
are to be situated. "The Baltimore & Ohio also has the right
to do all its business, passenger, express and freight, over its
Staten Island line. It is agreed, however, on the part of the
Baltimore & Ohio that it will not divert its freight business to
Staten Island until after the expiration of two years, and that
it will not divert its passenger and express business until after
six years.
"The Baltimore & Ohio pledges itself to abandon the
idea of building an independent road from Bound Brook to
Staten Island Sound, and from Bound Brook to Elizabeth the
Jersey Central's tracks will be used. It will be nece-sary for
the Baltimore & Ohio to begin building a road starting somewhere in the neighborhood of Elizabeth, two miles from the
Sound, in order that the proper elevation may be reached at
the bridge. The Jersey Central, however, is assured of the
haul from Bound Brook to Elizabeth, a di:<tance of about
Ohio traffic forever. The
twenty miles, on all the Baltimore
settlements are to be made on the pro rata basis. The contract is to continue for 999 years.
Boston &, Lowell.— The 2,U00 shares of new stock of this
company, which were offered at public sale in Boston, July
31, in accordance with the order of the board of directors,
were bought in one block at 128. This new stock has $100
par value, unlike the old stock of the company which had a
par value of $500, and the sale of the 3,000 shares realizes

&

$356,000.

New York & Philadelphia.—At

Pittsburg, Penn.,
equity was filed in the United States Circuit Court by the United States Trust Company of New York,
to foreclose the consolidated mortgage of July 1, 1881.

Buffalo

August

12,

a

bill in

Indianapolis

Cincinnati

St.

Lonis

& Chicago.—In

the

recent fiscal year ending June 30 this company earned five
per cent on its capital stock as sliown by the following figures
issued in advance of the annual report:
$2,426,412
Receipts from transportation
100,?'2l
liecelpts from otlier sources
$2,526,934
$1,480,491
b83,902

Total receipts

Operating expenses
Fixed obargea
Total

Improve-

Oross

Do

$146,877

stock

Total

Ihe

obtained
The net income for the

vireferreil

Dividend on preferred stock July
Remaiulnc in income account

AND

Chronicle.

[Vol. XT.ni.

Balance after deducting fixed cliargos and oper. expenses
tjuarterly dividends of 1 per cent each
Balance on hand

..

$2,174,394
$352,540
210,000
142,540

Greenville, N. J., Land Purchases.- There have been two
land purchases for railroad purposes at and around Greenville,
N. J. One is by the New Jersey Junction Railroad Co. to connect AVest Shore at Weekawken with various roads to Communipaw. The other is water front, etc., by the Biltimore
Ohio. The first purchase was by Winslow, Lanier & Co. The
Junction Railroad Co. and its objects were given in full by
Bradstreet, July 3. New facts are that the Junction Railroad Co. has issued a large amount of bonds on this new
J. Pierpont
property, guaranteed by New York Central.
Morgan and H. C. Fahnestock are the trustees of the new
bonds. Dow, Jones & Co.

&

—

Illinois Central. A press dispatch reports that at
Chicago, Aug, 1, articles of mcorporation for the new northwestern line of the Illinois Central were filed at Springfield,
The new line will be known as the
III., and Madison, Wis.
Northern Railway Company. It has been
Chicago Madison
the opinion that the Illinois Central simply meant to build an
independent line between Chicago and its main line at Freeport with the view of establishing a through route to St. Paul
by utilizing its low.a leased lines north from Dubuque. But
it is now supposed that it means to cross its maiu line at Freeport and build right on to Madison, Wis. So far as can be
ascertained nothing has yet been decided reearding the lease
of the Illinois Central's Iowa lines, which expires next year.
Memphis & Charleston.—The following are the earnings
and expenses for the year ending June 30
Changes in 'Z6.
1885.
1388.
$1,384,905 $1,323..529 Doc. $31,377
Gross earnings

&

:

Operating expenses

1,110,643

937.214

Dec.

170,429

$330,315 Inc. $118,052
$263,262
Michigan & Ohio.— Messrs. Geo. F. Stone, Samuel Thomas
Ohio first
and Walston II. Brown, committee of Michigan
mortgage bondholders, have issued a notice that the agreement for the sale and reorganization of the road not having
been executed so as to be operative, a meeting has been called
Bros,
for deliberation at the oflices of Walston H. Brown

Net

&

&

for

August

—It

is

18.

reported that a plan of reorganization will be present-

AcocsT

THE CHRONICLF.

11, 1886.]

ed at the next meeting of the Michigan

& Ohio Railroad

bondetock for the

f

191

be deterinired upon.

The

city of Seattle contains at uresent
of about 12,000, and ia in a state of rai.il
growth

an iaeue of new common
ppulation
mortgage bonds on the basis of three for one, A new having grown from an assessed value of $1,601,000 in 1881
to
five per cent mortgage will be placed upon the whole line at $8,939,000 in 1384.
the rate of $8,000 a mife, the proceeds to be uae<l in building a
The road is to be made standard guage. and is to be
branch north fvom Marshall to a point on the Chippewa River, supplied with 60 lb. steel rails. The route will p.is? through
a
where a Inmber traffic is aasared. The towns along the line fine hop-growing and mining region. The construction comh«T« contributed #700,000, and the road if graded for ninety pany offered for sale SoOO.OOO f f the stock of the company
milea.
which has the privilege of con^'tructing all the ether portions
Inneapolis Saoit Ste. Marie k AtUatic—This company of the S. L. S. & Eastern R. R. Company's main line, for
now operates 63 mil> 8, from Turtle Lake (a point on the Chi- which it is to receive $25,000 in bonds and $13,000 in stock
cago St. Paul Uinn. & Omaha road) to Main Creek, in Chip- per mile for the work. $250,000 of the $300,000 has already
pewa county. Wis. The total earnings for the fiscal year been taken at par, and Messrs. Jameson, Smith Jk Cotting
were t53,16~>, and operating expenses $83,131.
The com- offer the balance at the same price. The terms of the subpany will complete its line to Rhinelander on the Mil- scription are liberal as will be seen by a reference to the proswaukee Lake Shore & Western road this season, a distance of pectus.
Scioto Taller.— A report of the receiver for the vear end100 miles from the present terminus. The road is projected
from Minneapi'Iis to Sault Ste. Marie on Like Superior, a ing May 31. 18S6, gives the gross earnings as $.'593,510; net
distance of about 469 miles, where connection will be made earnings $13,046. Of this exhibit Mr. C. W. Opdyke, secretary
with the Canadian Pacific over an intematknal bri )ge whicli of the first mortgage bondholder's committee, says in a cirthe two com)>ariiefl will unite in building.
This line, it is cular— 'You will observe that his statements place ^93,.'557
claimed, will place St. Paul and Minneapolis, as far as expended for "betterments" as among "expenses," leaving
tkrooch and foreign trade ie conocmed, in the same position the consequent "surplus" of the year only $43,640. Had the
(Xuoago, th« dlataaee to tide-water being about the same. statement been made in the usual form of railroad accounts,
Capital stock anthoriaed CoataMO. $8,000,000; preferred, 7 the sum of these two amounts, viz., $137,301, would have
per cent, $4,000,000. Bond* not to excee<l $'2I,.'>00 {wr mde appeared as pet earnings. The road would therefore have
earned during the year its first mortgage interest ($90,580) If
Will be issued. W. D. Washbnm, Wnneapo lis, President.
the "betterments" h.-id been limited
New Torl( Lake Erie k Western.— In the balance sheet of amount actually expended therefor. even to one-half of the
It is not believed by
this company, submitted as of Jane 30,1886, the Moating drbt emyotir committee that it will be necessary to continue any such
braced the following items:
rate of px(>enditures for betterments. in future. You will
BlUsMraMa
•21.000
latcrMt dueand oorard
1,019.^34 also observe that the operating expenses, even after deductDiridmd onpalri
Ifiii ing the "betterments," are still 77 per cent of the gross earnDasfer *«•«. An
I,5B6,l73 ings, which is very unusual
for a road earning almost $),000
Dim ramvealni aad ladttldoals
S10,105
«!• Coal CompaalM
IT.osi per mile annually; and apparently unnecessary."
_
DiMsccoiint trsOr
(»7i'.fl«l
SntroTunneL-The stockholders are notified by an adver•MaU.
598.209 tisement that the mortgage of 1877 to McCalmont Bros.
&
•lUMlrlt*
23,3>!«
Co.. of London, amounting now to $997,663 principal and
TMaJ L _-.
.6«,6M.3U3 $638,873 overdue interest, is under process of foreclosure by
Cath fffitlt—
an action in the U. S Cirouit Court for Nevada.
Bill* netltahin
•170.82.'S
Texas k Parillr. A compromise has been made between
Due aecmwt o( vnMu
l,ie«.310
the Wi»tar and Fleming-Olcott committees, by which the
Ooeascooiitaf trsBle
),043.:(:n
'Om* kr fnsyaaiss and todlTldaUs..
reorganization of this company will be conducted by a joint
43i,079 committee composed of four Wistar members a^ three
Fleming memlers, as follows
I. J. Wistar, Chairman: John MarK«"
-t.
HS8.983 kee, William D. Winsor, Robert Fleming, C. M. BIcGhee,
'^
iwt* areadvanaM to oUmt compMitoii. Chinuo A Atlao- Mayer I.«buian and John M. Hutchinson. Wednesday afterMine caaoM (ur selt-'eatcat. and $3,U03,7il to coal noon this committee made the following
announcement to
CVItij'ariirn Biiit otbaTV.
holders of Texas Pacific bonds
"By miitiinl ajrrwment made Iietween cominitteea of wlilch F. P.
Doabtful Ttlue. Oraot * Watd, A»
......
„..
I'lialrnieJi, and Ht their Joint reiiuest, the
Oregon ImproTeHeat CaaMsy.—Thia oMnpany's tute- fv
to act aa a Joint enuinilttce in t)i< Ir nlnce
ment for June and seven montna is aa follow*:
n of Ih^ (v.ti!p!inv iiimn n ir.odifleil plan
Jwu.
Dte. 1 to /him 20
"
' '.
lit, will receive tren!•!*».
t8'«.
Ixil-".
m'S-fl
ily printed anddeQroM riraiaai
^taXiUi 9i^i.~<i'i •l/vo,-.'i9 •i,«3«,015
New York, and tbe
holders, calliDg for

first

•

:

^

—

..
.

.

:

w

:

.

,

.

I

—

.

—

'

•

'

I

OpcraUniaipsiMcs
Kft

>77,04»

9*i»*

rai alalia.

18S,e<i3

'isO.lSO

1.2b.%,799

1.199.071

i

I't

I

t

t.in[»:iMy in I'lniiKieipitni, i<ir

•ii'-trinutioii

to uil pcraons

•2&1.5t4
«l«4.40O
Oragoa Ballwaf k NaTlgatlon.— At Portland. Oregon,
Atigtwt 19. the following directors were elected: Klijoli Smith,
John H. M-" ' 'riitopher Meyer and Colgate Hoyt. of .New
York; W
Hoot*. Jr., of Boeton; Cnarles
Colby, of
MUwauk.
i
Lewia, Henry Falling, W. 8. Ladd. C. H.
Prescott, U, A. Ltolph, H. W. Corbett and D. P. Thompson, of
Portlan<L The only changes frf^m last year's board are Colgate UoTt, In place of BraTton I»ea, and D. P, Thompson, of
Ponland, in place of W. W. Ladd.

plan proposed by the Fleming committee will
be followed, except that the Taxas & Paciflc stock will be increased from $32,000,000 to $40,000,000, and of the increased
amount some $6,500,000 may be issued to the Mis.souri Pacific
at 20 in exchange for the $1,800,000 of floating debt held by
that company.
In all repects this arrangement seems to be a rational compromiae for tbe interest of both stock and bond holders, and
then is no appearance of any surrender of rights, and still

Pledmoat k Camber I and.— This railroad companr, an
auxiliary of the Wfst Virginia Central, has issued |/i^V\rxM)
mortgage 5 per cent bonds to pay the cost of cnnairuction and
MUlpment. The road is to be 31 miles long, connecting with
the West Virginia Central at Piedmont, and running to umberiand.
oontract has been made with the Pennsylvania
Bailroad Company, under which the Pennsylvania agrees to
NtMide "
of the groH receipts from freight traffic
raoriTed
.. roada aa a guarantee
of the intere.it of the
new loan. nr. Chaa. T. Wing, in New York, and J. A.
Hambltfton
Co., in Baltimore, offer the bonds for sale.
Bailroads In New Tork State.— The returns of the follow
log roads fur th»> quarter ending Jane 80 have been filed at
at
Albany aa follows

wBlmTOmi holders are well protected, when

U

(

A

'

'

A

i

'

'

iieral

!<» ot.jpy underhand dealing.

The

t'tockholders

and

t <e

the bad condiis con»i<lered and the small prospects
they wonld have under any foreclosure, without paying a
very heavy cash asseasment.
Matters have come to a point now where the holders of
Texas Sc Pacific stcuriiles need to be on their guard and
to exercise their own judgment and common senile. They
should not be misled by any talk of "selling out to Gould" or
"surrender of control" &c., but examine for themselves.
There was no substantial opposition made to the M'istar plan
until Mr. Fleming ai)i)eareil in the field, and after weeks of
hard work by hia committee their whole plan as proposed is
virtually to be carried out, with the exception that $6,500,000
tiofl

Tlf^ine property

of new stock may he issued at 20 for $1,300,000 of floating
debt, which otherwise had to paid off in cash. This gives
the Missouri Pacific only $6,500,000 of stock out of a total
1B8«.
loea.
1885.
Gross camlaas.
.9717,918
9748.090 94.402.558 95,St'0.738 issue of $40,000,000, and shows how little foundation have
OpenHag •xpeaaaa
3.839.293 the reports
.
449.199
473,.'i89
3.404,634
Upon the
of a surrender to that company.
..93M.749 '#272.601
9997.924 91.741.41.^ whole, it appears to the Curonici.e that both the stockholders
taaoaM ether aooraas.'
34r,9.0 and all clasees of bondholders, including the Incomes, can17,916
394.e02
33,a«8
not serve their own interests belt«'r than by giving consent to
VMalaet
92l>e.199 91.292,326 92,090.."1G5
laa'a, i«>tal. Intarsat. . ie3.»39
l.87H,053 the compromise plan as now offered.
164.S09
1,937.305
The CURONICLB has never criticised the Wistar plan for tlie
BaJ«o<«
.nr •133,i30 n.9I31.?9( d7TnTr,779 Ba.»212,3)2 purpose of being in opposition to any particular party, but
Seattle Lake Mhere * Eaatera.— The Puget .Sound Con- simply because the plan seemed essentially unfair to the
Mlictlon Company's pro»pectus will be found in another junior interests.
Now that this difllculty has been removed,
ooHmia of the CiiBosiout to-day. aa issued by the well-known there is not a doubt that reorganization in harmony is far
ooae of Jaoicaoa. Smith Cottiog. The Puget Sound Com- better than any attempt at hoetile foreclosures.
pany has bpen organized to enter into a contract for the conMr. Fleming makes the following plain statement of the
tniction of the Seattle
Shore ft Eastern Railway, to run facts
from the city of Seattle in W<<shington Territory on Puget
Ist. The plan of the New York Committee was accepted in
Sound, along the shores of Lake Union, Waxhington and ita entirety. The debt, however, to the Missouri Pacific ComSainamiah, to and through a pass of the Cascade Mountains to pany, Instead of being paid for in cash, will be paid for in
th.-c4ty of Walla Walla, with a branch to the city of $6,300,000 new stock at 20 (less than one-sixth of the whole
,
.
.
^,
Spokaaa Falla, a toUl of about SOO milee, with the right to (stock), thus leaving $1,800,000 additional cash to be devoted
conatmotMch branch line* north and south as may hereafter to improvements, or over $5,000,000 in all.

Lomg

.'

A

Uke

.

t§lmitd.I8.*6.

— S.

r. L.

SriedWat-^

THE CHRONICLE.

192

2nd. The trustpes of both mortgagee will be reputable New
York Trust Companies, the provisiocB in the plan for the full

—
—

;

;

&

1885.

.

Amount.

Seres.
July—
Union Division... 118,678
Division.. 73,508
Kansas

$183,393
276,417

Total
192,187
Decrease In 1886..

$159,810

-1895.-

Jan.lio July 31— Acres.
TTnlon Division.... 432.111

$736,849

Kansas Division.. 433,432

1,705,883

865,544

$2,442,733

Total

Amount.

Decrease In 1886.

XUn.

S^jc (^^ommzvcml 'jinxes.

protection of the income bonds being preserved intact.
8rd. The first board of the company, which under the present charter would be eh cted for a term of three years, will
be an independent one, and have the approval of Messrs.
Schifl, McGhee and Fleming, members of the New York Committee.
Mr. Fleming says that the combined committee is simply an
«;cecutive one, and it does not matter whether Gen. Wistar is
chairman or any one else. Everything possible has been done
for the protection of the bondholders, and he does not know
how the New York Committee, if it continued its labors alone,
could secure any better basis of reorganization.
The committee of Income and Land Grant bondholders,
of which Mr. 8. J. Drake is chairman, calls on the holders of
thoee bonds to deposit them with the Central Trust Co. Their
advertisement appears on another page.
Gov. John C. Brown, one of the receivers, said in relation
to the statement of accounts.
" The report of rt^ceipts from Dec. 17 to June 30, inclusive,
embraces about .$08,000 earned prior to the appointment of the
receivers about $19,000 land sales ; |6,009 sales of damaged
property about $100,000 sales of old rails, scrap iron and
wheels, and about $300,000 collected for other roads, more
P.
The earnings
than other roads collected for the T.
proper from Jan. 1 to June 80, inclusive, in round numbers,
are f2,5'30,000, as against $2,100,000 for the same period last
year. The transports in bulk have exceeded those of last year
for the five months ending May 31 about 17 per cent. The
cost of transportation was less by $137,000.
"The betterments upon the track, motive power and cars
amoimt to about $1,000,000. The freight busmess has been
much larger than the same period last year, * * Freight out
of New Orleans is fully double that of last year, and this notwithstanding the strike, which crippled the road for two
months and deprived it of earnings amounting to between
$1,000,000 and $2,000,000."
Union Pacific—The land sales in July and since Jan. 1.
were as follows
.

[Vol.

COMMERCIAL EPITOME.
Friday Night, Aug. 18, 1886.
There has been a flurry in the money market, with a sharp
advance in rates for money on call, and mercantile circlea
have felt it to some extent chiefly in giving a check to speculative action.
The monthly reports of crop prospects have
been made public, and are generally more favorable than had
been expected, except as to corn. Regular trade has been
fair, without showing especial activity. An important decline
in sterling exchange has been one of the f eattures of the week.
The weather has been generally seasonable, promoting the
maturing of the crops, but in Western Texas a severe drought

—

doing injury.

is

The speculation in lard futures haa been somewhat excited,
and prices are materially higher, from a sort of "corner " on
September contracts at the West. To-day at the close there
was a pause in the market, with a nearly nominal closing this
afternoon at 7'37c, for September, 0'99c. for October, 6'92c,
Spot lard also
for November and 6'87c. for December.
7o. for prime city, 7-25@7"30c, for prime
Western and 7 "400. for refined for the Continent. It
reported that here and at the West this week shippers have

advanced, closing at
to choice
is

taken about 40,000

Pork

is

tcs.

dull, unsettled

and nominal at $11@$11 50 for

mess, $12 50@$13 50 for family, $9 50@$10 for extra
prime and $13 50@$15 for clear. Catmeats at some decline
have been more active; pickled bellies 65g@6Jgc.; pickled
hams ll>i@ 12c. and shoulders 6}4@G}4c.; smoked hams 12>^

new

@18o. and shoulders 7)^0 7J^c. Beef is dull at $3 for extra
mess and $8 50 for packet per bbl. and $12® $13 for India
447
$894 mess per tierce. Beef hams are firmer at $24 50® $25 per bbl.
18,677
100,586 Tallow has been active at 4@4 l-16c. Stearine is firm at
$101,480 8@8}^c. and oleomargarine at 7@73^c. Butter is firmer at
19,125
$353,329
173,062
16@223^c. for creamery. Cheese has been active and closes
-1886.
Amount firmer at 7>^@8^c. for State factory. The swine slaughtered
Acres.
146.495
$178,903
138,765
767,364 at the principal Western towns from March 1 to latest dates
numbered 3,825,000 against 3,860,000 for the corresponding
1886.
Amoutit.
Acres.

285,260
580,283

$946,268
$1,496,465

TVabash St. Lonis & Pacific—In the Chronicle of June
5, on page 695, was published the proposal of the purchasing
committee to the bondholders of divisional bonds on all parts
of the road east of the Mississippi River. On July 8, a meeting of bondholders was held in New York, the affairs of the
company were discussed, and a committee was appointed to
investigate and report on the proposal offered. This committee,
consisting of Messrs. Henry V. Poor (of Poor's Manual), A. M.
White, J, B. Colgate, H. K. Pomroy and Jacob Stout, made a
full report at a meeting held on the 12th inst,, and practically

period last season.
Coffee on the spot has been in good demand, and closes
dearer at 95^c. for fair cargoes of Rio. The speculation in
Rio options has been active at buoyant prices in the past day

or two, and to-day prices were again dearer, closing with
gellers at 8'05c. for September, October and November, 8'lOc
for

December and January and
Raw sugars have been

March.

further decline,

but the close

is

8" 15c.

quiet,

for

February and

prices are without

barely steady

;

fair refining

recommended the acceptance of the purchasing committee's quoted at4 9-16@4y^c. and centrifugal 5J^c, for96deg, test.
propocsal.
The only essential change to be made is in the
sugars are fairly active. Molasses dull at 17c. for 50
creation of one a per cent gold mortgage covering the whole Refined

Teas have remained quiet.
Kentucky tobacco has been less active, but sales for export
are 250 hhds. at steady prices. Seed leaf has continued to
meet with a good demand, and although the volume of busi•xecut« a mortKage taking precedeuce of the said debenture mortgage, ness is somewhat smaller, the sales for the week are 2,350
covering the eullie amount of underlying mortgage bonds, funded debt
t>ondB and scrip, and coupon bonds and scrip, and that said mortgage cases, as follows: 850 cases 1885 crop, Pennsylvania Havana,
Bball be so frauicd as to include all of said bonds in the order of rank 12U@17c,; 150 cases 1885 crop, Pennsylvania seed leaf, 8i^@
and priority now or then belonging to each mortgage and to the coupons
Wisconsin Havana, 7^@9>^c.; 400
funded an originally possessed by them or by the bonds from which thcv 9}^c.; 400 cases 1885 crop,
may have been deta<'hed. Said mortgage shall have a uniform rate of
crses 1885 crop, Ohio seed leaf, 5'.^@9c.; 350 cases 1885 crop.
per cent Interest payable send-annually In coupons, and shall be so State Havana, 12@14c.; 150 cases 1883 crop, Pennsylvania

property east and. west of the Mississippi River, instead of extending each of the divisional mortgages now covering different sections of road. It is thus referred to
"Tliat a morts«ge covering nil the Hues and property of tlie company
may be niarte and executed, aurt that the new comi)auy shall make and

deg. test.

'5

,

framed that the

first

mortgages and

all

the coupons detached therefrom

shall be described as first class the second mortgages and coupons
detached therefrom as second class the third mortgages or consolidated
convertible and coupons detached therefrom as third class, and the
fourth mortgage or mortgage 78 of 1879, with coupons detached therefrom, as fourth class."
;

;

Another modification proposed by this committee was that
the holders of overdue coupons may receive cash for one
overdue coupon instead of funding the same, the coupon to
be so paid being the one longest overdue.
The committee's report was adopted by the large vote of
13,706,9.50 bonds in favor of it, to $160,000 against it, and the
following resolution was passed :
" Rftolred, That the report of the Committee be accepted and that
the bondholders here assembled recommend the pnnupt assent of the
holders of all of the mortgitgos on Hues east of the Mississlpiii Ulver to
tile proposition of the Purchasing Committee, if modified in accordance
with the advice of the Bondholders' Committee, as given In the said
report."

—

The Wabash receivers' report to Judge Gresham of the
operations of the Chicago division from the date of the receivership up to June 1, 1886, was as follows:
Gross earnings
$2,973,230
Operating expenses

2,978,857

Deficit

$.7,627

Interest paid

Three coupons
Deficit

133,061
In default

June 1

>.

337, .00

$476,190

seed leaf, 7@llc.; 100 cases 1882 crop, do. do., private terms;
100 cases 1881 crop, do, do., 12i^o.; 150 cases 1884 crop. Little
Dutch, 12@14e., and 200 cases 1885 crop, do. do,, private terms;
also 500 bales Havana, 60c.@$l 05, and 800 bales Sumatra,
$1 20@$1 40.
The speculation in crude petroleum certmcates has been
greatly depressed by the favorable news from the wells, but
the close is steadier at 603^@61c.; crude in bbls. quoted at
5J^@6i^c.; refined in bbls. Q'j^c. and in cases 83^@9>6o.;
naphtha, SJ^c. Spirits turpentine has been steadier but quiet
Rosins have ruled steady, but are quieter at
at 3S?^@34c.
$1@$1 05 for common to good strained. Wool is firm, but
quite dull at 38@40c. for best Ohio fleeces. Hops are too
unsettled to quote.
On the Metal Exchange the interest has continued to centre
in block tin, which was to-day firmer and more active, with
Pig
sales of 60 tons at 21-85c. for Auof, and 21-90o. for Sept.
iron steady but quiet. Manufactured iron active, at fuu
Copper is firm, and the sales to-day embraced 25,000
prices.
Lead is firm at 4'70@4'90c. and spelter
lbs. for Dec. at 10-45c.
strong at 4'40@4-55c.
gram
Ocean freights have been rather dull, especially
shipments, but close more active, and business to-day included
3i^d., to Bristol, S.il^d.
to Liverpool, IJ^d., to Newcastle,

m

from

store,

28. 6d.,

to

London, 2}^d., to Copenhagen,

Marseilles or Cette, Ss. 8d.

3s.,

Antwerp

»

ACOCST U,

THE CHRONICLE.

1886.]

COTTON.
Friday.
u

Tmt MoTKHXNT or THK Cbop,

P. M.. August 13, 1886.
indicated by our tel^g^rams

In addition to above exports, our telegrams to-night also give
oa the following amounts of cotton on shipboard, not cleared,
add similar figures for New York,
at the ports named.
wiiich are prepared for our special use by Messrs. Carey, Yale
ft Lambert, 24 Beavef Street.

We

For the week ending
thia evening (August 13), the total receiptfi have reached 6,0GO
Iwles, against 7,034 balea last week, 0.060 bales the previous
week and 6,744 bales three weeks since; making the total
receipts since the 1st of September, 1885, 5,314. SoT bales, against August
4,789,659 bales for the same period of 18^1-85, showing an
since September 1.1885, of 574,898"

from the South

to-night,

given below.

is

)

457

113

Oalreitan

WmI. |nttr«.

ISm*.

JTan.

310

161

JH.

102

nxoi.

Hew

Oh Shipboard, tu>t eUared—for
13,

AT-

Oreai

Other
Foreign

Ooatt-

211
None.
None.
None.
None.
None.
3,250

1.281
None.
200

8.122
None.

50

5,500
3,000

None.
None.
None.
None.
None.
None.
None.
None.

400

None.
None.
None.
Hone.

50
Nona.
None.
8,750
3,400

20,057
3,191
1,400
2,797
2,667
3,444
127,572
23,922

15,127

None.

8.861

1,534

20,522

185,050

8.245
4.733

None.
None.

1.000
2,780

41

9,286
7,aa3

159.545
160,774

6,627
None.
None.
None.
None.
None.

!iew Orleans....
JfobUe
Cbarleaton

Qalreston
Sforfolk

138
87

154

Orleuu...

MbbUe
norida

75

78

429
5

18

7

882
99

1

"7

11

408

448

5

S

99
45

10

1

175

6

9

Charleeton

44

Ft B«rai.*e.

W«stPotnt,Ae

243

5

'»

•35

687

90

107

73
27
30
118
853
353

37

V«w

Tork.
BOStOD....
Baltimore
PhUadelp'a, te.

Otber ports
Total 1886.
Total 1885
Total 1834

Total.

mee.

200

420

The speculation in cotton for future delivery at this market
fitful and uncertain for the week under review.
The
reports from the National Cotton Exchange and from the
Bureau of Agriculture, on the condition and prospects of the
growing crop on the first of August, were made public on
Tuesday, an'd the latter was much more unfavorable than was
expected; so much so, indeed, that there was a disposition to
regard it as in error, and the advance which it caused was
soon lost. On Thursday, the peculiar feature was presented
of August, September, October, November and December
has been

Monh'dC.te.
atefolk

Sew York

1

10

13

Bmnsw'k.Aa.

Leaving
SloekT

France.

Britain.

Bavannsb

598

Indlanola, Ao.

193

595
109
30
782
852
1,073

AMI 1.258
914l
40l 1.099 2,406 6,660
Foroompansaa, wegiTetbefoUowinKtableshowuiKtlie weeFs
total receipts, the total since Sept. 1,1885, and the stock to-night
options ail selling within a range of three points, bringing
and the same items for the eoriea >ondinjt periods of Isst year ' speculative operations almost to a stand-still, till operators
ooidd look about them. Some 'anxiety continued to be exiag4-»5.
sue*.
uas-M.
pressed regarding the course of silver, which had recovered a
nto
Augtul 13.
1886.
1886.
fraction.
Last evening, the persistent reiteration of adverse
Wt$k. 1.1884.
Wmk. 1. 188S.
crop reix>rt8 rrom Texas oaused the bears to Cake alarm, and
QalvaMoa..
38r 457,017
1.741, TOOtSM
8.667
1,001 they bought freely to cover contracts, giving a firmer closing.
tlld*B0U.*0
161
781
1«5 To^y, although Liverpool made a better report, this market
11,330
New (Means.
8831 ,738.725
M6 l.S2».4a8 38.179 17,579 opened dull and weak, but fully recovered, with the speculation
Cotton on the spot has been dull, and
99 247.179
18 839.271
3.191
1,513 snowing more tone.
30.167
notlda...
a
2 quotations were reduced 1-lOc. on Monday and again on
76,815
Bavaaaak.
To-day
798J44
731.126
3,947
1,103 Thursday.' The spinning demand was also m Karate.
there wa* more doing for export at steady ptices, middling
Bi'iwOi.Ae
16.359
10.837
XMalstlilewMkl

i

I

M

301.615
14.476
101.180
7.931
S«S.5SI
384.615

nJtairal.*s

WUalactaa.
iTkssao.ts

4

SM
W.Fo(Dt,*e.

•wTotk,

100
SO
783

170

511.301
7.813
•3.636

50

fttS

136,322
7,010
10,812

88,363

9,891

4
131.316
6.310
8.352
5.427

wo

1885.

548
396

1.741

883

98
Charl*at'n.A0

WUm'gfn.Ae
ira>to4k

W.I>«lat.*e.

AH
Tot.tliUw'k.

1884.

346
540
88
808

la
64

448
44
4
586
100

170
4
50

3.788

1.980

3435

6.660

1888.

1.878

1.681

707

388
917
138

65
884
192

01

884
802

100

80
188

814
336

1.553

166

1.880

3398

aiassaspl. l.l5814.5»7U788y888 48>0,888

1883.

4.800

10.305

H

1.778

6,356

1881.

3,895
5,220
1,127
3,763
1,478

87

930
274
3,758

20,533

OrMt
JMfm.

n^

Ml

ftaa ait*. I. UBB,

ObmU.

ir««k.
'««k.

U)

Aut.

18*

m

mt,m»

W,Illt

in.657

6>»ie

7*
8%
Str.L'w M
Middling...

t»IJS«
•iT.aM
as.iM

•(jas

•.•*..

Its

IMaL.

II.1S8

73.213

tll.81«

187.511

68,700

li«5

i|»iru frow
V iiioti

*JSI.a^ 4«,T4» ijeeisii

!'»•

K.fTl

S

gsjasi

ix.tm

Maw Yurs

to

luuiu'ln 47,»u2
Britain to BnlUo j,iorU.

UffM Hntaln

wore r»«xpgrt«4 from Ursst

9^

9>4
9>«

9»,«

9>«

9H

9'«

8H
810,8
»»li
»»,«

911,61 9»'-i»

9%

7»«
SoodOid.. Z*" 83,«
8*4
l|r.OM0rd g'«« 8>s
CbwMldd'g
9
Str.L'w Mid S;i»

Mlddllnn

9>«

eoodlfil.. 10

7^

74

7

Wed Th.

gl'«
379
9>4
9>a

B"l8

9

6l>ia

8>4

97

9li,4l 9li,« 103,8
i4,

10>«
lOOg

|10>«

im

lii>4

8TAIHKO.
fib.

9>4
9>g

6%
9

MABKXT AND

7^
83|g
81^18

87,«
879

9H
9H
e"is
10S,i
10>s
1079
11>«

Frt.
7

97,,

9«9
lOls
107,g
10i4„ lOliig
117,,

6'1„

(!'l8

815,8'

Bit,,

81s
879

Frt.

6»9

7%

6'li«
738

8»l»

!

74

lO<e
lU'lS

nion Tnesj Wed Tb.
611,.'

7>1«

9'lw 9»8
103„

lOifl

I

ZT'«
8H

LawMlddUac
MM4lln»

h

9',«
909

?!••
9Hs
10>s
107,8

Sat.

eood Ordinary
Sntet Good Ordlnaty

7

lOi*
loil,, 101-<„ 107g
1H1K 117,« 11>«

10>f
107g

10<^

im

U-S

ll«l«

.

7>|«

10*1

10><

ioi4„ lO^g

I

6»u

9"u

10 •«
10»i,

103,,
lOHi
107g

I

67,

7I18
7's
8'i«
87«
9>4
0i«

87e

BALKS.

ALBS OF SPOT
X*-

OUMBU.

port.

AMI) TKAHSfT,

Oon- Bpee- Tran-

nmnus.
Delit-

1

lumpulTn

Total.

Bates.

8at.. Easier

Hon,
rum

,• dec
and nteody

8t«ad]r at

400
200

345
379
280
858
241
392

745 23,000
S'O 59.200

tries.

900
500
750
650

1(H7«

4.808

It*

•MM

Vjiii

46,8r

l>
87g

TKlfl

131.91.1

13.8^

tM»

§1'"

••

's

Idd'sFWr 10% 1011,, lOll,, 10»,8l0''«
HI*
rmr
11^ »1»U U»i«
W«4I Th. Frt. Wed Tk.

40l.ft»

«.t«i

IJBO

7%

7%

l.S4«,0e8

*t7.1W
S4.M0
sssjns

i«>ti
118

i.

9>t

SrOT IfARaBT

481189

SON

i,

7»«

l>
%H

••

TEXAS

raon Tuea Sat. raonjTaMl

VoodMJd.. 101,, 10
10
lOH 103,8
Kr.O'dMId loH I0»i, 10»i, 10»,, |10S

••••••

••••

9>a

67g
7»is
*"*

Sat.

67a

!

47,416

4T.41S

HEW ORLEANS.

Tuea

tat. IIIOB

nie total sales and future deliveries each day during the
week are indicated in ttie followmg statement. For the conrenienoe of the reader we also add a coiumn which shows at a
flanoe how the market closed on same days.

SmoM.
M«/M7| M,M»

—

OPLAHDB.

Aug. 7 to
August 13.

IS. IttS-

ntai

MM.

—

to arrive. The following are the official quotations for
day of the past week.

8tt9'dMld io»,«
lUdd'cFWr lOl'H
4073,191 .\e^.l23 rabr
11»,

Salvssttm taeinfles ladtaMbi tikaMeMoa iaebaas t^ort Ror>l. AcwOataxton laeladss tlanV*CUr,M^ WeatPotatlaeliutesCtty PoiauAr.
The ezpuna tor the weak andiiic thw erenuut reach a total
af Vt.Vil balea. of wUoh 11,188 wero to Qraat Britain, 105
to rranoe and 1,664 to the rest of the Oontinent. Below are
Iho e«pocf for the week and since September 1, 1885,

W-k MmMmt AufuH U.

total sales for

—

3,444

T»tal
6,660 3.314.557
3.125 4.739.65«205.572 169,831
* 1.601 tMmi aa eorrecUon of reeelpta ml OalTeMoB allMa Sept. 1.
IB osxler that oompanaon miqr oe made With Other yeaa. we
below the totnle at leadinc ports for six seasons.

1888.

7-16.

forward delivery for the week are 373,600
197 bales. For immediate delivery the total sales foot up this week
8,886 bales, including \,'i'i') for export, 2,001 for consumption,
for speculation and
in transit. Of the above,
bales
1.098

309

S4*.8a0
888,069
66.448
83.380
48,a84

1.537

nplanda closing at

The

81MI

M.am
131,973
66.187
54.638

759

l.COO

Cjiilni

<j>ilptand8teadjr
rhunt <i'i'tA8l'yeii«de
Sieadjr

m..

TotnL .._

...

....1
....
....'

725,

1,3252,0011

SS-J

.".;
'.'.'.'.

l!2.300
6i>.200

241

1,117| «4,400
....1

....

dally dellvene* given above are aotualljrenorteil.
prsvlnaa lo t.bat. i>n wlUon tber

The

10^,500

3.-,8

8,326 372,600
delivered

2.800

the day

am
The Salbh and Friobs or Futures are shown by the follow

ing comprehensiTe

table,

THE CHKONICLE

194
illfSli iSlI 1211

mt

a

1211
III I
'«S

er

___«

•

^s

"

Si

:

M

li

M

Si

i

Itl

S.£iir

:

2

o

Si

•

1886.

Stock at Liverpool
Stock at London

ijrr
to

r

ti

t"

SB g

IBs*-?
ocO-

C

nr

•»

,.-

5

_-

ccdbCci

CDCB
icto

IJ

ccco

a

o:w

I

2
» o:

'^

KM

2

ccccoco

ttp:
CO
CCCOoCD

w
eo

ai

cr CO

!J

CCCO

<

o»

o k:

^

cro

;

C

^

M
so
0-

(SCO

I

c;>

<?=?

C
^

I

I

9

CDCOo<?

MOio kcoOm
cap

<£C0

5
2
"

ccco

5

COCCqS

coiccco

cccoo<o

cicioti

COMOto MCO*^M
C CO t^ go CD

-1

I

M

2
*

COM
MC.

s.ts:

I

ccco
li

I

''

2

o;o<

Cf

5

KH-

2

I

tOM

wm:

CCCDpCO

KCOCO

^I»-«

kmOm
CO
C5W»
5

CCCO

KM
MO
I

2
"

2

aoco

MM

2

I

C^CJI

'

13

5
KM 9
CCOm^

O

»."•

cccocco
liciOco

2
**

KrtO
OCQO
en

CCCDc

to

Cbcb
C.<l

c
.^
I

I

2

a
'

cc»i

I

5
2

*co
C53)

9

I

h3

ccco
#**-

o_

ID

O
9

I

CD

Zi'-O

o

otoo®

o

o

'?-r

^•^

o

coco
I

:

5

or:

I

9^1

cocoSc?
dcfiOia

oc

COCOCCD

CD»

5

-*i®

5

ccco

;
*1

I

or;

COXOCO

a Ci ® o<
CO

CO

o-Cn

^

coco

'

C

VI
'J

*j»

2

cccco«9

o -J

cptooctco

I

coco^<9
obabCoo

5

cocnc

•

ocn

I

cc»

5

CC'-O

o
1

CO
I

9

CO
I

cj

CO

I

:

g'co
o-i>

ores

O

401,800
891,588

407,«00
922,218

738,200
694,900
954.610 1,160,242

Ac

TotalAmerican

'

1,293,388 1,329,818 1,632,810 1,855,142
63i«d.

59i*d.

e^md.

5iiiBd_

O'leC

10'i-.o.

IQisc.

lO'uO.

,

<otoo»

^ -j o <1

ceo

5

CCCO

2

2

XCC

h->o>

9

:

CO^DqCO
rxuuO«q

wi^:
(-'
CCCDCCO
I

CO

(9
CO

A
M

,
<

-^^i
MXC;i

t^

:

.

oy

I

c^

CCCD

^^

M
ooM
cci;m' w
COM
!
CO
to !** tfk f to
COtOl-'l "-JM
ci®o»» GOi^.O'' h-coxwt-CTixfco*
'

COXio^

I

CD

CO<JCOOSO>«-||i'CCfOX
C;*3

M OiCJ* W OfX

en

9

01

i-t

^^

O CC a Cn

cj:

Cji

tC to

•--

CO

to (0

c v. X coTo cc coi-:.^

lOtU.(Pb*JWO'XOS
|t^ H- rfk Oi CO pi-g to

h-'Ifc

^3s

»^ x'tpfc *- C--V CO

is».^tcc;iy'H'^-^-xo«xc*st3A»-'-JC-J-O<Xt-'f-'C00Jt0t0O*t-*W-^O(f^C0^C)*l»tD

:

o
OCO
*ai

^

^i^)->i

O W2

»0iCOtO

X-

cOf-^

i-fcoco

;

;

M
O

•

h-tO

M^JMX:

rfk

oo-^ooi^xcctox. cox

cscco».

•^
I

I

I

I

3
:

CCV

COWCO'-CH-"
CO

278,000
48,990
126,000
214,000
28,000

§

*«

CO

o

6»
tit9

310.000
64.000
19S.200
156.000
10.000

»r;

ct

coco

I

954,610 1,160,242

203,000
20.000
116,600
68,000

to
cc

5

I

I

922,218

160.000
25,000
79,800
134,000
3,000

o

OS

M
Cr,

891,588

5
2
"^

WW

too

coco

CCCC

Total American
Ecut Indian, Sraiit, <*«.—
L'verpool stock
Ljndon stock
Oontlnental stocks
India afloat for Europe
Egypt, Brazil, *c., afloat

—

;

ccco
o:C3

io®
it.^

-1

I**

?!

631,000
174,0C0
52.000
259,272
41,670
2,300

c;«

OL-q

-

37.000

o Co
5
I

o

15,503
1,400

2 IB ,000

50.000
205,572
42,280
736

CflOui
o»

coco

2

CCCOqCO

17,637
4,750

478,000

19t),000

i
'

l»-|to-

9?

16S.8.11

493,000
23S,0C0
38,000
168,707

397.000

bales

American afloat for Europe...
Halted States stock
United States Interior stock? .
United States exports to-day..

cocogco

COQD

2
"

01

csaico
c6-cf.

°

d

^ 1^ W J^

CO

coco
cr.ca

-jO

a

I

jida

5

(OCO
CitCO

C0t0o«9
cJi 0.0*1

ccco_to

1

—

figures indicate a decrease in the cotton in sight
of 36,430 bales as compared with the .same date of
1885, a decrease of 399,422 bales as compared with the corresponding date of 1884 and a decrease of 561,754 bales as
c )mpared with 1888.
AT THE INTBMOB TOWNS the movement that is the receipte
for the week and since Sept, 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1884-85— is set out in detail in the following statement

XtOOCO

7*

tJ
9i-

1,400

5i,000
2S,00O
259,272
41,670
2,3U0

The above

2

tf^

-

«=*.

I

W 1^

736

33,000
10.000
163.707
15,503

24,000 bales.

00

coco

o
CWr-

rr"

J^

37,000
168,831
17,637
4,750

to-night

I

CDCOO^

M
5"

•vj

a

0':j>

oo

-I

CCCO

o

-JXt

50.000
3,000
205..'>72
42,-JiSO

Eur'pe

0,000
6'.!,000

Of The imports into Continental ports this week have been

<

:

«3tDo=9

ceo

i

2

.

Js.

!_c

afloat for

Total visible supply
Piloe Mid. Upl., Liverpool
f rice Mid. Upl.. New York

"^

o?<:

**

«
to

o»

ccco*-co

332.G00

8,57.800 1,033.600 1,3C8.200 1,257,900
r,8,000
156.000 214,000
134,000

I

coOco

wo*

ecu

275,800

«C0o^
c^

ccco

*.-

top:

to

oo

toca

3,300
219,000

Total East India,

MX)-**

C

90O

900

I

COO

OP

300,0C0'

I,3C0

170,000
5.000
51,000
8,000
10.000

g

mOm
-J
CB

»r
w

430,200

400

22,000

Liverpool stock
Coutlnental stocks

I

CO

mmCm

13,000
10,000

957,900
3,800
45,000
30.000
2,100
8.200
103,000
9,900
63.000
17,000'
13,000

1.200
130.000
7,000
50,000
15,000
10,000

American

en

coco

©O:

MtC

872,000
5.600
6^.400
47,000

S7,!iOO

1,293,388 1,329,818 1,692.810 1 ,855,142
Of the above, the totals of American and other descriptions are af> follows

CCID

i

701,000
4,0C0
43.400
39.000

1833.

909.000
48,900

Total visible supply

C0!0o»
MioOtO

9?>:

Hamburg

Egypt.Brazil.ic. ,aflt for E'r'pe
Htock In United States ports ..
Stock In U. S. interior towns..
United States exports to-day..

CDcCO

B<i:
cecos'co

Total Qreat Britain stock
iStoob at

Amer'n eott'n

s;

!^

ccco

I

cccooco
C coOti

I

i 2

crtooo

e.-J
oe

u-i^Oco

^ccc

•

I

5
S
•"

cjco

COM
MCO

CCCCcCO

;,

c>:co

«'"

I

CO

*«:

MM
ctM

oc-.:

oo

o

ro

K-.

OP

cccc
ccco

f?
re to

cskkj"*
«|u;

»r;

MM 2
df

KS>
Ctfi)'

I

C£>0

5

CDCS

coci'^ci

ep:

5S2.000
2,300

64,000

Totai European stocks
India cotton afloat for Europe.

CDCCo*^

ccccCco

I

KM 2 KM
CCMm^

ccecOt
0,0 Q

8 '§i

CSc^CO

^
2

cccc
cico

-*

I

I

CC

0>

C£C9

I

S
»<

c^co
c;»c*3

ceccc<?

o

8(i8.000

Total Continental stockg

tic.

•

ceco

2

cico

c*-

O

1834.

681,000
20.000

Stock at Bremen
Stock at AniHterdam
Stock at Eotterdam
Stock at Antvrerp
Stock at navre
Stock at Marseilles
Stock at Barcelona
^took at Genoa
3took at Trieste

c»

C

188S.

557.000
25,000

bales.

CD

CD

V

xLiir.

The Visible Supplt of Cotton to-night, as made up by cable
«nd telegraph, is as foUowa. The Continental stocks, as well as
Aose for Great Britain and the afloat, are this week's returns,
«id consequently all the European figures are brought down
But to make the totals the comnlete
to Thursday evening,
figures for to-night (Aug. 13i, we add the item of exiwrts frcm
the United States, iucludmg in it the exports of Friday only.

iSi r

Si

i

[vou

Od)

I

Si

CO

I

I

Kl *". CO
CO
10 »- Oi O* to If*-

CCrf^tOOiCB
to
coo: oxQDcot-'ioc;'©!

»-X'CXOCC--l
ib.c;>oitox'-o-Jto

C:0jO10C0^H«XXC0. xxcstoctciccto

'.

*

Inolades Bates In Beptember, 1885, for September, 130,200 ; Bepteirber-October, for October, 301,700 ; September-No veinber, for November
il6,40O; beptember-December, tor December, !)28,2oO; September-Jaouary, 'or January, 2,0O1.2UU; September-February, for Februarr
1,3/0,0(X September-March, for Marctb, 1.745,40(i; September-April'
lor April. l.69.',800; September-May, for May, 2,793,100. SeptemberJune, fur June, •i.2ju,:iOu; September- July, for July, l,GrS7,800.
or" Wo uave muluaed Jii tlio arjove taule, aiiu «u»ii uoutiune each
week to give, tUe average price of futures eaoh aay for each montb. It
will be found anrior each day followinK the abbreviation " Aver." The
•verage for each month for the week Is alao given at bottom of taMe
TraiiBTeiHbie
Onlers—Saturday, 9-40e.; Monday S'-lOo.; Tuesday

to

CDtf^'rfi.CO'^

si
*5'

o
M

;

C3

M 03 H*
M V w'ro'tF^V
to

CD CO

'-I -kI I-"

Oi

>(*

00"

#^*4-^0;tOC1^000-4tOCCCOl*»'OC-HOCn

CO
>-*

'

XtO»-»

c^ox

'

en;

co|>ac>:c;ibOO<

exchanges have beea made duriag the week:
•25 pd. to CXI h. 500 Sept. for March. Even 300 September for Aiigust.

•04
•02
•43
•12
•01

Vo

^tf* **OiC0i-CO

9"35o.t Vve -i.tiwiHy, irS.'io.: Thuraday, 9-3ic.; Frtrt»v.9-30n
fihcrt notices for Aug.-Monday, 9-3lc.; Friday, 9-23af8-21o.

The

h-jOUitopco^OpCCrf^jCpcncOpXOSfO
00 '-' IC >** *->
CO Vci'j |(k
Cs'yf V]Vo'tj«'r.
^WCJ3iOCOO»-C>-4CJ05-JOOiXa»liX

C^fCO^^ICntOOJ
CO

H«tUtO-4*».*---tm

-OCX3CC0S*Ji-'tUWCD0>

cc bO en I—

•

m;
•^Hyn'.

to CD CD

c;<

:

oito&;co*

^^

XH

follooring

pd. t.i exch. 200 Sept. for Auj(.
pd. to cxch. 500 Sept. for AuK.
pd. to pxcb 200 Aug. for May.
pa. toexch loo Aug. lor May.
pd. to tich. 200 Nov. for Aug.

•01 pd. to excU. 100 Out for Sept.
•6o pd. to exch. ooO Aug. for July.
•13 pd. to exch. 100 Nov. for J.m.
47 pit. to ex. £0;) Aug. for May.
'14 pd. to exch. 260 Aug. tor Jan.

co
ay
K) 03 *J -*^ to
^D Ui

^

M

O CI

M ^ H*
The above coials snow luai tno oia mi/ctf'ior stocks nave
cZecr«a«0d darinu; the week 2,083 bales and are to-nigbt 24,643
c;*
!-•

I

I

I

AcacsT

THE CHRONICLE.

18W.J

14,

man Uuu mt tb« same period last year.
Hme towns have been 3,708 bales more

195

The reoeiptB at reas beinK made with picking. Average thermometer 82,
than the same hifthest 97, lowest 66.
the receipte at all tbe
Dallas, Texas. The weather has been warm and dry all
week last year, and since September 1
towns are 741,530 bales more than for the same time in 1884-5. the week. Last week's rain was very beneficial, but unfortunately did not extend to some sections, which are now sufferQOOTATIOHS rOB MiDDUXO COTTOII AT OTHKB MARKETS.
ing very much. Picking has begun. Average thermometer
in the table below we nve the closing quotations of middling
highest 99, lowest 71,
ana other principal cotton markets for each 86,
oottOD at Southern
Austin, Teoeas. It has rained on one day of the week, but
week.
day of tbe past
not enough to do mnch good. The rainfall reached ten hundredths of an inch. The drought is very severe, with muob
OLosaM QooTAxioas voB am>DUiio oorroii ok—
shedding. Picking has been commenced. The thermometer
Aug. 1 j
VsdiM*.
Tlutrt.
Aus.
Mpm.
JH.
has avered 87, the highest being 103 and the lowes^Tl.
Luling, Texas.— Vfe have had warm and dry weather all
9>«
9ii
91 1«
OalTMrton
91i«
the week. The drought is dreadful, and damage has been
VewOrlaaiu.
2*>«
done. There is much shedding and premature opening.
9
MoMl».„....
9
9
9
9
9
9
Picking is progressing finely. The thermometer has averaged
9<4
9>«
9>«
Vl«
Okarlaatoa..
gu
88. ranging from 75 to 101.
9
9
9
9
WUnlngton ..
9
Columbia, Texas. The weather has been warm and dry all
9%
9^
9H
s«s
9^
gia
«»«
9H
9H
9>i
9H
the week and picking makes good headway. Crops are good,
9<«
9>«
9><
9H
9H
but they would I e benefitted by rain. Still, we fear its
9'.
9H
coming lest it bring caterpillars.
The thermometer has
V*
9
9
9
9«*
9>«
6*1
ranged from 69 to 05, averaging 83.
»^
»H
9H
MamphU.
9>«
9>«
9>4
»<«
9>4
9*t
Cxiero, Texas.— \l has rained splendidly on one day of the
9>*
9>*
9>«
9H
9>t
9*fl
week, the ramfall reaching seventy-three hundredths of an
9I«
9>4
9>4
9H
9H
inch. The crop contmuea almost unprecedentedly promising.
THB Plamtatiowl—The following table Picking is making good progresc. Weather very ho'. Average
liliralns the actual movement each week from the plan- thermometer 87, highest 103 and lowest 70.
Brenham, Texas. We have had fine showers on two days
Tbe figures do not inolnde orerland receipta nor
latioBS.
floathem oonsomption; they an aiiaply a sf temant of the of the week, the rainfall reaching fori y-eight hundredths of
c< that part of the crop an inch. There has not been enough rain, e»periHlly for sandy
weekly moveotent from the lilsiilaMnas
lands and uplands, which are shedding badly.
Picking is
which finally reachas the market thfoni^ the ootports.
going on nicely. Average thermometer 85, highest 100 and
WMk
lowest 80.
Belton, Tteo*.—There has been no rain all the week. The
use.
UM.
crop is suffering from drought, with severe shedding. Picking
»lMi «,ni mjm
sjai has besun.
JmiT • ..
The thermometer has averaged 8:2, tbe highest
- 16..
III
ST l>einK 98 and the lowest 63.
UMV SlMi
IJ94 •.m
V^atherford, Texas. It has been showery on one day of
>4» n.aw
BM. i.ns
M..
tlie week.
Much damage has been done by drought, and the
»>•
•..
ti,fis <>,im
Wlft
outlook is anpromising. The thermometer has averaged 84,
Wl' US*
u..
ranging from 69 to 97.
The atmre snimwil aaow 1. That tbe total reeeinn from
a&w Orleans, LtuUiana. It has rained on one day of th»
plantaMnna ainoe Seatanbar 1. 1885, are 5,347,430 bales; week, the rainfall reaching twelve hundredths af an inch. The
the
ia 1W4-85 wera 4,741,510 balas; ia 1888-84 were 4.:»).13S bales. thermometer has averaged 83.
S.—TtMt. aHhongh the raaeipti at the outporto the past week
8f^r«e«port, Ltmisiann. Itainfall for the week four hunwere 6,880 bales, tiM aotnal norenMnt from plaatraans was dredths of an inch. The thermometer has ranged f ron OS to 97,
only 5,579 bales, the balance bslDg taken from the stocks at averaging 81.
the Interior towna. I^st year tbe reoeipu from the plantation)
Columbus, MiuiMlppi. The weather has been warm and
fer tbe same week wan 881 bales and for 1884 they were dry all the week.
Cotton is much improved, and fruiting
1.98S bales.
well. Caterpillars are reported to.have appeared, but with
Aaoatn or Oorron ni Sraar Auo. 18.—In the uble below limited injury as yet.
••Kfre the reeeiptB fWmplanlalloiis ia anoti>er form, and add
Lslartd, MU*UHppi.—\t has been clear all the week.
to ttaem the aet oreriaad awrsMWu t to Aag. 1, and also tbe Cotton has commenced to open. The thermometer has averby Soatbera spinnera to the same date, so as to give aged 78, ranging from 65 to 00.
Mkiagi
abstantiallr the amount of cottca now in sight.
LiUle Hurk, Arkansas. Four days of the week fair and
the remainder clear, with light rain on Friday and WednesIU^*4. 1M4-M. 1M»«4. l«t-8S. day, The rainfall reached sixtysevtn hundredths of an inch.
The thermometer
atthsyortit* Aoc. IS MU.M7 4.7MM*
«rtit>
»,960,Se9 Up to date crops are above an average.
has ranged from 07 to 93, averaging 79.
oa Am*, fa is
afltHMsbwl
ftLSoa
U.S31
a.Mi •30,790
Helsna, Arkansas.— The weather has been warm and dry
week. Crop accounts are more favorable. Average
I*»,i
A.74S.S10 «.78eiUa S,99«.096 all the
,
Jet stwtssS IS AiiaT I
•Sl.\S4 eiu/>«0 S71.700 U»M» thermometer 80, highest 92. lowest 08,
I swiwiiMiiTi tp Amt'
«M.ooe IfrijOOO, SM.OOO 339,000
MempMs, TennMsee,—\Ve have had light showers on two
days of the week, the rainfall reaching six hundredths of an
tMia la ilckt Aa«.
a.47«,aeos.ei«,s7o i,64»,»i9a,9M.3**
Cotton is doing well. The first open boll of the
inch.
Voctbara iptuMn' tattiisi t*
season^ wiw received August 9, from Robert Webb, Shelby Co.,
Am;. 13
l.7.'a,S0a 1.370.8871 U4a,913; 1.789.001 Tenn.
Last year the first boll arrived Aug. 1 from Otto Sey""^rcTfmle frwa e»pMni>»r i.
pel, Shelby Co.
Open bolls are now numerous. The therIt vUi be assa Uf the store tbat tbe
ia saoeat In ilKbt mometer has
averaged 79, the highest being 93 and the
to-D>«bt. s* i
eeied with Isrt T«sr, la 8»l
balWk tbe iDcraaM lowest 67.
aaepeipaRd wilh IWH* U 834.7X2
the dee row frtMB
Last week there was rain on four days, the rainfall reaching
497.784 btand fifty hundredths. The thermometer ranged
three
WsATBia BcroBn bt Tblborapr. Our telegraphic advices from inches 9S, and averaged 78. During July rain fell on
63 to
t04iight indicate that orer a cmsidcrable portion of the Suite
seven days to the extent of five inches and fifty-two
of Texas rain is now mnch nseded. In other simtioni of the hundrerlths. Average thermometer 80, highest 90 and lowest 64.
Aa*/itW/e, Tt »««**««.— It has rained on three days of the
ooMoo ttelt there lus lieea f artiMr improvement in the conwe<>k, the rainfall reaching fifty hundredths of an inch. The
dUoBOf tbe crop—eaterplilan are reported in districta of thermometer has averaged 77, ranging from 67 to 87.
Ooofsb, Florida, AlabMna and Mimissippl, but with no appreMobile, Alabama.— There has been no rain all the week.
<irt>le injory as yet.
Picking is making good progress in Caterpillars have appeared, but with limited injury as yet.
The crop is developing promisingly. The thermometer has
Texas.
ranged from 68 to 91 averaging 80.
tiMesfion, r««a«.—
hare had rain oo three days of the
MoiUaot»try, Alabama.— yfe have had warm and dry
week, but net enough to do mnch good, tl>e rainfall having weather all the week, and crop accounts are more favorable
Naobed only twenty-three haadrcdtha of an inch. Suffering in fact cotton lias considerably improved. Average therdnadfutly for rain. ReceipU of now cotton this week 1,581 mometer 80, highest 94 and lowest 67,
Selma, Alabama.— We have had warm and dry weather
Mao, soaking tbos far 1,888. The thennooMter has averaged all the week. The thermometer has averaged 83.
m, tba highest being 01 and the loweat 77.
Auburn, Alabama.—The weather has been warm and dry
them
B%dianola, naM«.— There has been no rain all the week, all the week. We hear rumors of caterpillars, but think
we ai» nOTdIng It badlr. The crop is suffering. Picking of Mttlo importance. The crop is developing prommngly.
from 64 to 93-6.
makea good progrew. The thermometer has averaged 83, The thermometer has averaged 78, ranging
Madison, Florida.— It has rained on six days of the week,
ig from 78 to M.
the rainfall rearhing three inches and ten hundredths.
•fn*, 7V,»<w.— It has been showery on one day of the
ISMk, the rainfall rMoWng seven handrodtbs of an inch. The are having too much rain and the plant is shedding. Caterinjury done is as yet limited.
mvmk
tbaOMk sona^ieetlons begin to need rata pillars have apptarid, though the
gain. Picking has bsffoa. The thermometer bai raogoJ The thermometer has ranged from 77 to 102, averaging 86,
Macon. »«ori^o.—Telegram not received.
•oai *7 to 94, averaging 80.
Columbus, eeorgia,—There has been no rain nil the week.
Hm mUtUio, TtoMBt.-'Vfm hnve had rain rm three layi! of the
thou!?li the injury
^Mw; Int ••• aaociti
ninfn rrnfrhhlg Caterpillars are reported to have appeared,
nfall
has averaged 81,
rnin .ijrairt, done !•) H» yet limited. The thermometer
It
Good 1 r 'g- the hiKlii St being OK and tl'.C lowest 74.
•OMr(oia4hiu..
ii'.i« iirt'ii
ijvii
I.
teles
t!ie

—

—

. .

:-

r*

r"

—

v

noM

_^

—

I

um Mn

—

r.

M«

—

—

—

—

1

U

.

w

m»«au

—

We

,

M

We

I

*~

I

'1

'

9«:

THE CHRONICLK

196

Alexanana, SttUPt,
Aug. 11.

Savannah, Georgia,— It has rained on six days of the
week, light on two, the rainfall reaching three inches and

new

Two bales
sixty-five hundredths.
this week, and several others advised.
averaged 79, ranging from 72 to 91.

received

cotton

[Vol. XLIII.
1885-86.

1884-85.

1883-84.

Keoeipta (oantars*)—

ThlBweek....
Blnoe Sept. 1

The thermometer has

2,923,000

8,613,000

2,690.000

TAif
Since
Thi$
Since
Since
Augusta, &eorgia.The weather has been warm during the
voeek. Sept. 1.
vieek. Sept. 1.
week. 8ep(. 1.
week, with general rain on four days, beneficial to crops,
accounts from which are good, with promise of a fair average E iportB (bales)—
Co Liverpool....
232.0O0
299.000
253,000
?ield. The thermometer has ranged from 68 to 89, averaging
ro Continent ...
1.000176,000
203,000 1,000 140,000
inch.
8, and the rainfall reached fifty-one hundredths of an
Total Enrope
Atlanta, Oeorgia.—We have had no rain all the week.
1.000408,000
502,000 l.OOoi 393,000
To-day is the warmest of the summer. Average thermometer
* A oaotar Is 98 lbs.
highest 90, lowest 63.
76,
This statement shows that the receipts for the week ending
Albany, Georgia. We have had rain on one day and the
Aug. 11 were
cantars and the shipments to all Europe
remainder of the week has been pleasant. The rainfall
Caterpillars 1,000 bales.
reached eighty-three hundredths of an inch.
The
Manchester Market.— Our report received from Manhave appeared, though with limited injury as yet.
bottom crop vriU be poor. Picking is progressing finely, and chester to-night states that the market is dull but steady for
six new bales have been received thus far. The thermometer both yarns and shirtings, and that the demand in each case
continues poor. 333 cop twist is quoted at 7@7i^d. and 8}4 lb,
has averaged 81, the highest being 93 and the lowest 68.
Charleston, South Carolina.— We have had rain on five shirtings at 5s. 6d.@63. 6d.
days of the week, the rainfall reaching one inch and thirtyThe Agricultural Department's August Rbport.—The
one hundredttis. The thermometer has averaged 78, ranging following statement, showing the condition of cotton, was
from 69 to 89.
issued by the Department of Agriculture on August 10.
Statehurg, South GaroUna,—It has rained lightly on one
Tlie cotton crop lias suffered from wet weather In all States east of tlie
day of the week, and more rain is needed. The rainfall reached Mississippi and in Louisiana. The average of condition lias been reduced from 86 to 81. Virginia, 75 Nortli Carolina, 74 South Carolina,
thirteen hundredths of an inch. The crop is generally develGeorgia, 80; Florida,
oping promisingly and fields are clean. The thermometer has 67; Texas, 88; Arkansas, 86; Alabama, 77 Mississippi, 79; Louisiana,
75;
96; Tennessee, 95. There has been a slight
ranged from 66 to 90, averaging 77'8.
advance in Arkansas. The decline Is heavy In the Carolinas.
Wilson, North Carolina.— We have had rain on four days
Collecting the three months' figures of the present season,
of the week, the rainfall reaching one inch and eighty-five and comparing them with the reported condition for the same
hundredths. Cotton is doing nicely. Average thermometer months of last season, we have the following results:

—

;

;

;

highest 88, lowest 66.

77,

The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
August 12, 1886, and August 13, 1885.
Aug. 12,

11
11

6

4

8
8

4

2

North Carolina.
Simth Carolina.
Georgia
Florida

1

10
15

4

10

5

Alabama

9

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

*

8

Now

mark

reported above low-water mark. Instead of below high-water
as prior to October 30. 1885.

—

97
83
82
97
87
88
85
96
83
99

Missisippi

Louisiana

Texas

Arkansas
India Cotton Movement from all Poets, The receipts Tennessee
and shipments of cotton at Bombay have been as follows for

the

week and year, bringing the

figures

down to Aug.

BOXBAT RBCEIFTg AND SaiPHENTS FOB
Shipmentt

this

Bril'n.

1886
1885
1884
1883

SMpmenis

week

Oreat
Total. Britain

Tear Oreat Continent.

5,000 2,000
1,000 2,000
1,000
2,000 2,000

7,000
3.000
1,000
4.000

306.000
216,000
481.000
410,000

Total.

640,000 946,000
458,000 674,000
595,000 1,076,000
770,000 1,210,000

IhU

Tear.

Week.

Shijpment* tinee

Shipments for the week.
Continent.

Britain.

Oalcntta—
1886
1885

Total.

Oreat
Britain.

1.

38,000
17,000

Total.

94,000
71,400

3,000

12,000
4,000

500

12,500
4,000

2,000
1,000

2,000
1,000

22,000
24,700

16,000
25,700

38,000
50,400

2,000
1,000

6,000
1,000

92,000
83,100

52.500
42,700

144,500
125,800

3,000

Total all-

1886
1885

4,000

week show that the movement from
is 5,000 bales more than same
whole of India, therefore, the total
week last year. For the
January 1, 1886, and for the corresponding
shipments since
The above totals

for the

the ports other than

periods of the

Bombay

two previous years, are as follows:
BXPOBT8 TO BUBOPB FBOX ALL INDIA.
1886.

BMpmentt
1o alt

TMi

Europe

ttOM—

wcefe.

Bombajr

1885.
Thil
M>cek.

Since
Jan. 1.

1884.

ThU
week.

Since

Jan.

1.

3,000
1,000

674,000
125,800

1,000 1,076,000
8,000 180,000

13,000 1,090,500

4,000

709,800

9,00011,256,000

AT.mtANDEiA Receipts and Shipments.—Through arrangements we have made with Messrs. Davies, Benacm & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
(be movements of cotton at Alexandria, Egypt. The f ollowin g
and shipments for the past week and for the
oorreeponding week of the previous two years.

an the receipts

75
88
96

97
92
98

95
75

1

I

83'3

92

96

92
96
100
99
95
101
100
91

97
97
96-5

92-7
96-0
97-3
95-7
93-0
97-3
98-3
91-0
94-7

930
94-8

The returns have been iximplete from all parts of the belt, and our
on county reports is oomplete. .Much
Held work has been acnomplished during the month of July, resulting,
the abandonment of some lands which were beyond rehowever, in
demption and the thinning out In various localities of the lands from
but from present indications this abandonment isnot calclearing up
culated ro alter our acreage basis. Perhaps no seas in has shown to a
greater extent than this the advantages of thorough cultivation, for
where this has been the case the difference In the outlook of the crop Is
very marked, accounting to a great extent for the conilioting reporta
made from pretty mueli the same section. Glancing over the belt we
ftud that the two Caroduas have continued on the downward scale.
Alabama has made considerable Improvement. Georgia. Mississippi,
Louisiana and Tennessee show some advance, while Arkansas has added
neatly to her former good cundition. Texas, however, has just about
held tier own, and tears are expressed in this latter state of a threatened
drought in localities. Worms are mentioned, but no damage has been
done thus far. The bulk of the crop east of the Mississippi Is. however,
backward, and tlierefore dependent upon favorable conditions from
now on for a maiutenanoe ot the present prospects. The condition of
the crop by States is as follows Virginia, &o., 80 per cent North Carolina, 76; South Carolina, 71; Georgia, 80; Florida, 84; Alabama, 82 j
Tennessee, 91; Arkansas, 97; Mississippi, 84; Louisiana, 82; Texas,
98. The average for the belt la 85-4, against 83-5 last month and 97
;

;

last year.

in the Memphis District.— Mesws. Hill, FonCo. of Memphis pu Wished on August 7 their report
on cotton for the month of July as follows:
The weather during July was in the main favorable for cotton. The
continuous rains which fell during June had made it impossible for
farmers to work their crops, and the fair weather that followed enabled
them to clean their fields, and the gloomy prospects as Indicated in our
June report have given way to more cheerfid aoeounts. From all over
the district the reports are that the plant is forming, blooming and boUing well. The present condition of the crop is favoraVde, and as compared with last year at this time Is equally as promising. Tlie picking
season will not begin until toward the close of this month, and will not
become general throughout the district until about the middle of September. The weather during August will have much to do with the
ultimate outcome of the crop, but with favorable seasons the yield wiU
be fully up to that of last year, especially in Arkansas, where the prospects are very bright for a full average crop.

The Crop

taine

&

South Carolina Agricultural Report.—The Commis-

946,000
144,500

7,000
6,000

All other porta.

Total.

Since
Jan. I.

81-3
82-0
81-3
93-7
90-3
97-3

940

79

:

Madrae1886
1885
Allother»—
1886
1885

January

Continent.

58,000
54,400

1,000

1,000

B6-1

99
80
79
84

93
96
97
95
92
99
100
92
96
97

revision of the acreage based

9.000 1,347,000
2,000 978,000
5,000 1,528,000
3,000 1,534,000

According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
7,000 bales, and an increase in shipments of 4,000 bales, and
the shipments since January 1 show an increase of 373,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Taticoiin. Eurrachee and Coconada.

Oreat

88-7

81

93
96
95
93
92
92
95
90
91
85

87-3
73-7
81-0

74
62
80
88
77

76

National Cotton Exchange Report. The report on cot
ton for the month of July was issued by the National Cotton
Exchange on August 10, and summarized as folio 'vs:

Receipt*.

1

I

91

—

FOITB TBABS.

Since Jan.

Oontinenl.

Average

13.

t

s

_£_

Feet.

Inch.

3

Above low-water mark.
Nashville.... ......... Above low-water mark.
Yloksbnrg

s

'85.

7
2

Orleans*. ...... .Above low-water mark.

Memphis

Bhreveport...

1885.

Statet.

Inch.

Feet.

Hew

Ang. 13,

'86.

1886.

sioner of Agriculture of South Carolina issued on August 10
Two hundred and fiftyhis report on cotton for August 1.
seven replies, covering every county in the State, are summarized aa follows:
The reports of the cotton crop, with few exceptions, are unfavorable.
yield
The correspondents generally concur In the opinion that a largercomUthan Is now anticipated will be realized if the fall is late. The
August is in Upper Carolina 62, Middle Caiolma 66,
tion on the Ist uf
Lower Carolina 73; averaee for the Btate, 6 7, which Is lower than It
has been at any time since the war.
Georgia's Fiest Bale.— The first bale of the new crop of
cotton grown in Georgia arrived at Savannah August 7. It
D. I. Mclntyre, having been
was consigned to Messrs. M. Y.
Mitchell of Thomasshipped to them by Slessrs. Williams

&

ville.

It

&

was passed by the Cotton Exchange Committee on

Acocsr

THE CHRONICLE.

14, 1888.]

crop of 1888-87 received
tX SaTannah. It weif^bed 463 pounds, classed low middling,
auction in front of the Cotton Exchan^ on
and was sold by
the day of its rtceipt to Meesra. Winterbottom, Richman
Co.
of Savanoab. and by them was shipped to Messrs. S. Munn,
Co., 123 Pearl Street, New York City, arriving at its
Son
destination August 11. The purchaser p<dd 10 cents per pound
for the bale. The first bale last year was shipped by Primus
W. Jones about August 1, bat the bale did not pass muster.
seoond bale, which was aooepted, was received from him
August 6, a day etrlier than the one this y<>ar.

Ootton freights the past week have been as follows:

cla««iflo«tion aa the fint bale of the

&

&

A

Cotton Mill Dividexds.— From the Boston Commercial
SuUetin of July 31 we take the following:
OOROa KILL DnriOBITDS.
This Ust of Angaat dlvldaada to be found la another eolamn, aa compiled b7 our ova n^orter*, aoatato* oaa v«rr noteworthy fektore,
aad tkat latbo laeraaaed pajnaaatt alt atocff tba Uas hj the textile, and
paitlealailr the aoUoa. mannCawtuHaK oorporatlona. Bcventeen
Oto, of whioh Ian am PaU Blvar aerporaltoaa. have declared dividends
pagraola
Aagnat. We coaipUe the following table aa showlnff the Improved litaatioe at a glaooe

MK*

m

amtB MILU.

WALL

MUL

DMdntd.

Craeeeat

S

1%

>*

400.000
960,000
»&0,000
800.000
000,000

IS
1%

tore

330.000
400.000
1.000.000

1

Teenmaeh

t

WamtMUMWc

S
!>

Merchanto-

Banianl
Karracaaeett.

Klac Philip

ttul DitidtHd.

aMOjOOO

l>s

LaorelLake
Bobeaoa

Otmttnl

OeU,

'Si,

1%

F^K.-St,!}*!,
4*b In 1884.
Apr.. 'U, 1%

Mm.

Tutt.

»»>

».ta

^31

aaU...d.

....

..••

..••

Havre, ateam
e.
Do saU
e.
Bremen, steam.. e.

»l«

»l«

.--.

....

"M

tkUur.

Uveipool, steam d.

Do

Fehw,
Jan..
Apr.,
Feb.,

'86,
'84.
"83.
'86,

S%
lii%

1%
11*%

»
s

OoidU

Jxu( mtldtnd.
F.

300,1100

F,

i>

2

Wlathrop

4
s

-jij^

y

4M.000

Maaaaebaeetis.

•*r,.

i

130.000

Tboradlke

.

K.-i.

Feb., 2"'
K*
l'".O00
Feb.,
1.47i>.UoO
F>b.. '46, oH
toaslMa aatttng forth of the

"^SSL tlMB.isaB saiBiiraalaa slwl n n

••twMMfeNltaMtalfesiaiaUtorirtx month*

peer.

aaiaaCaian of ooiiaa gooda. The wo<iiea
BoflMtafCfa Ml' lb* topMrwaaat seaM noatha a(o. The evtton
braaeh ha* b*«8 alowar ta firat tkaahaaoa
The laprov iasat la eeC Hai wm4» ka* »ai marked elnee the flr*t of
Ik* jaar aad was taafttlia apwart \ttm t Ihea. The ezp<>ru hare tnaMBsadlar«alr,CMBaMiw««rkas8«astaaMr. Frlnt cloth* at their
•rssat^aotaUoaor 3la3% saala an hlcber than foralonx period.
are «atr 360,000 ptoeasaahaad la tSa eoontry.and the outlook
la asMMerad eaeaaiaaiar.
AB tha rwi Klvar mBi itnaks are Isadlac apwani, and there u tald to
be bettar bortac fioai laalda parties Ihaa for a lone time iirvTluiMlj-.

n«a

of the ordara are for tb« prcaent wants of bayers.

Prices are

.

,

nuUbatei,

Uvenool. par ataaaMn Ailaoaa.

1,4bo.
of Berlin, l,179....0ermaale, 53S....

Aaraata. 270.. ..at7
Spain. 3,046
ToHoli, parateaaiar Bnflklo, 1,644
1.644
To Havre, par ataaoar La Boiirxocne, 103
109
To Itr eaisM . par rt sa ia sr Rketn. ao
To Haaikart, per iteaaMrt lMain«. 300....TBonnlna. 930... 1,3*0
.^To Ocaoa. par atraoier Poraoaaia. 100
100
_
Vb«0«uu«s-T» Uvatpool. par atwinars Ansaaonenae. 1.496
4,147
BAunMma—T»
-TaUranaal,
400
Keaaaiore. 400
Boaroa-To
I Bavarlaa. 8a3....Iawa, 298
8ottW%_i
1,366
PBLApcLriUA- To Liverpool, perateamera tadtaoa. 997. ...Lam

CMO

YSI^.l

..'.... I.".... ....7.7.r.T7.".~rr.^r.'.".''.".".T

_

___

JewTork

f.Orlaaaa
Baltaaoro

aysa

nUadalp'a

pee*.

6.010
4.147

Bull.

1,644

Barf.
106

m.

tntrg.

SO 1,330

Otnoa.

100

Total.

9,639
4,147

400

400

1.366
1,790

1.366
1.790

14.173

1,644

100

SO 1,330

100

"aa

»1«

»1«

•is

*IS

la

39*

39*

39*

85*

35*

Do

BaU....e.

....

35'

Amat'd'm, steam.e.

Do

aaU...o.

Do

aaU

....

...•

*.••

....

X..

d.

Beval, ateam

"S4

».«

^*M

"m

"«4

d.

Trleete, steam.. -d.

Antwerp, steam.d.
• For UK) Iba.

"S4

...

....

Bareelona,ateame.

H

H

«•

H

%

>S

H

»la

«l«

»w

»1«

3l«

'i«

««4

"«4

"«4

"(4

"«4

%

"S4

>•

"S

H

H

—

LrvKKPOOL. By cable from Liverpool, we liave the following
statement of the week's sales, stocks, &c., at that port.
add previous weeks for comparison.

We

Julg 23
lalesofthe week...
baleaOf which exporters took

Of which apeoalators

94,000
3,000
3,000
43,000
4,000
7,000
601,000
437,000
33.000
27.000
137,000
48,000

took..

Amerloaa

Aetual export

Forwarded
rntal stook— Eatlmated
Ot which Amerloaa—BsUm'd

Of which American

amount

afloat

Ot whioh American

The tone

....

July 30
99,000
2,000
2,000
48.000
6.000
4,000
996,000
426,000
99,000
40,000
116,000
40,000

Awg.e.
37,000
2,000
1,000

31,000
3.000
8,000
991,000
423.000
41,000
31.000
93,000
27,000

Aug. 13.
90,000
4.000
1,000
42,000
2,000
9.000
997.000
397,000
18,000
18,000
93,000
30,000

market for spots and futures each
day of the week ending Aug. 13, and the daily dosing prioea
spot ootton. have been as follows:
of
of the Liverpool

ScuurOay Jronday. IWaday.

i|)0<.

Ifarket,

In bnjert' In boyen'
favor.
taror.

13:30 P.M.

9««
9»1«

7,000

900

SOO

/

Market,

In bnTsra'
faror.

10,000
1.000

's8,000

8,000

900

900

Steadrat Opened at Steadr at

Staadr at

I

Si*

9'4

raoee.

l.S4<le-

Dnll.

cUne.

vanoe.

steadr.

1.84 decline.

Steadr

ataa

adrsnoe.

Oaiet

Market,

4

8,000

More
doing.

9»„

900

MkLoA'na.

St4
5»ia

7.000

Mid. Upl'da

13:30 r.M.

DulL

Wtdnu. ntwadV- JHday.

(
I

p. a.

Weak.

Doll.

Steadier.

liat

Verr

doll.

gniet.

teulr.

The openmg,

lowen and closing prices of futures at
each day of the week are given below. These
highest,

Idverpool for
on the baaia o< Upbuids, Low Middling clause, unless
otherwise stated.
Tht pHem art ptaan in petMS and 64<*«, lAia.- 4 63 means
and 9 01 meana A I -«4d.

prices are

i

8«i..

A as. 7.

Or«i

B<l«k

u».

4.

4.

4.

Bll
911
8eBU0ha»- Sll
Sepcoet... B07
oakf^rov... S04

Sll
Sll

su

807
S04
SOS SOS
Oec-Jan.... SOS 308
JaB.-reK... S04 S04
Feb..aiarch SOS soa
Nov.-I>ee...

OI<M.

aa., A as. 9.
0»M> fftfk £*w.
4.

SU su
Sll
Sll
807
804
BOS
508
S04
Boe soe
Sll
Bll
S07
B04
soa
S03
sot

S 10

B 10
8 10

SOS
B04
SOS
soa
S04
BOS

'

1

4.
S 10

4.

Ola*.

opm

«.

4.

BOS SOS
800
BOO BOO
BOS BOS
am BOS
soa SOS
SOS 802
803 SOS
606 BOS

8 10 SOS

BID
BOS
S04
BOS
SOS
804
BOS

Wedaoen Ans .11. Thnra., Ans. IJ.

0pm

Hi«ll

«.

800 SOS
Auanat
Anc-aept.. SOS soe
eptember. SOB soa
ept..Oet... SOS SOS
Oet.-NoT„.. SM 804
NoT.-D*e.
BOS SOS
Dao.^an.... BOS 503
Jao-rab.... sot 6 04
reb.-Marah 808 SOS
.

U»c. Oh»
t.

i

SOS
soe
SOS
soe
804
808
BOS
304
SOS

soe
BOS
soe
B04
S04
BOS
603
804
806

4.

4.

4.

607 607
507 307
6 07 607
604 804
809 803
6 01 801
801 6 01 801 801
BOS 603 803 303
B04 604 8 01 801
807
607
607
304
BOS
6 01 601
807
S07
807
sot
Boa

807
S07
B07
804
SOI
SOO
600
BOS

H4«k iMoi Ola*.
4.

4.

807 SOT
807 807
807 807
8 04 804
8 01

6 01

SOO BOO
SOO BOO
5 02 508
8 04 804 604
Vrl.,

nr
BOT
SOT
SOT
801
SOX

80
SOU
801
804

Ana. 1

Low. Oot. Op«n Bifk Ln».

OpfH
4.

Taea., Aaa. ]
10.

4.

4.

4.

808
808
808
B06
606
608
603
804
60S

603
Boe
BOS
BOS
504
BOS
303
B04
308

308
506
306
BOB
603
BOS
Boa
304
608

4.

609
BOO
BOO
806
804
SOS
803
804
SOS

17,303

Balow we add the cleannoea thia week of vessels carrying
ootton from United Stataa porta, brlmdng oar daU down to
thalatMtdatMt
eai;Vam«-ror Uvarpoirf-Aag. 7-Bark Herbert, 899.
Wa^Oataaaa-roc Uvanwol - An^t. 7-Bteamer Bdltor, 987.

^^

For Haabanr-Aaa. 10 - Steamer PHor. 183.
BAiTiMoaa-ftor Itraiee An» I l-at«amar America. 100.
FaiLAMiLrau— fOrUv«rpeol-An«. lO-aieaoMr British KIor, 1,992.
Balow wa give all naws received to date of disasters to ve6>
nla oarry oottoa firom United Statea ports, *&:
TAfomtA, at sa aw r (Br.), taare was a Are sranna tka cotton on Brltuh
jtaaiw ar Pavoala. at Uvarpool Aos. 1 from Boaton. Throe balea

w eto niiriiMi.

Trwraotmi. atMnwr (Br.), 130 balm rnttnn aalved from ateomcr Tynonmitb (Br.), auak at ToaohoUlatt, were taken to ilarllnKoa
Jaljr 33L

i«

>>3S

4.

partioalara of theaa shipmenta, arranged in our usual
torm. are aa follows:
IMmrBum- Boat-

>16

»ts

1,790

The

»!•

"m

—

oongb. I.XS3

»1«

"31
• .•

l

„
_
Kaw _
ToBK-T>

Ha

»!«

JCTB BOTTS, BAOODto, fto.—Thoi* has been a good demand SpecAexp,
for baggiag daring the paat w««k and icooda are moving off
ruturtt.
•teadily. Soma inqolrr is raportad for Uuva lots, though most
taadlly bald and no dtswioitkHi ia shown by sellers to accept
\tm than our flgnrta, whioh ara 7c for lU lb., 7i^c for Vi lb.,
e^c for 3 lb. and 8H06Va for fCaadard gra<le<i. Butts ai»
not active, though a fair bnalii— ia in progress, aod soma
a,000 balea are reportad plaoed at 1,^(31 11-lSc. for paper
grades and 2^'(93 >4'c_ for .
bagging qaaliUes, the market
2^03 ij
'
doaingatcad at theaa flgnna.
iwn—Tha asMti oT oottoa from the Unit«d
itha
waofc aa per latest moU ratorea, have reached
17,aoabalMk
So far aathaSooUMm porta an concenied, theaa
an tha mom azporta repotted by telsgrapb, and pabliahed ia
the GtaaomoLa bat FHday.
'VHth regard to New York wa
teslndo tha minWI i ci aU Toanla cleatad np to Thursday
aiglit of tfate weak.

>S9

....

n>tal Import of the week.

1. "00,000

IH.

I%Mr<.

»3S

saU....e.

Do

Sales

CapUmt.
91,000,000

a

IFadnM.

Hamborg, 8t«am.o.

ASIn18SI.

MW.OOO

MM.
liuoafa
Boetnn Doek...

197

BREADSTUFFS.
FaiDAT. p. M.. Angaat 13, 1886.
'The flour market shows no new feature. There has been a
moderate demand from the local trade, but dealers and bakers
ee little to encourage purchases beyond their immediate wants.
The shipping demand has been fair. Rye flour and com meal
have been quiet, but a scarcity causes them to be held
higher.

The wheat market was dull and depressed down to the opening
The flurry in the money market puti

ot Wednesday's busineed.

THE CHRONICLE

198

for a time, a check upon speculative action, and increased supBut the export depiles had a tendency in the same direction.
mand became larger and steady the quality is so fine that it
may be held with safety, and to-day the foreign markets were
better, with reports of untimely rains in Great Britain, giving

The exports from the
ending Aug.

axm.

[Vol,

several seaboard ports fcr the week
shown in the annexed statement:

are

7, 1886,

,

;

speculation a fresh impulse, and causing a smart advance in
Talues, and a large business for export was reported.
DklhT 0LO8IM0 FBIOBS OF HO. Z BSD WINTBB WHBi.T.
Fri.
Wed. Thur$.
Tue*.
8at.
Ifon.
8668
85
85 >a
85
86%
85
In UevatOT
84 '8
86%
riS
R4°8
8514
84>a
August delivery
85 »«
86>4
88
85%
8614
85%
Beptember delivery
89=8
8758
8718
8718
87>«
86%
October dcllveiy
90<>8
9278
9018
90 >9
e9<^
I>eeember delivery..... ... 90*8
9II9
91 13
94 >4
92
91
Januarr delivery
96i>8
9714
99
96
96 Vl
96%
May delivery

97>4
Juno delivery
Indian com futures were somewhat depressed early in the
•week, but the market has shown an improving tendency in the
past two or three days, although business in the regular way
•was very dull. There is no doubt that the growing crop has
in some sections been a good deal damaged by drought and the
aggregate yield will fall considerably below an average. Today there was a fresh advance, with the sule of a considerable
line of No. 2 mixed at 51J^c. in store.
OAII.T OLOSmO PBIOBS OF NO Z AxED COBH.
Fri.
Wed. IKur:
Sat.
Mon. Tuei.
SQig
5119
50 14
5014
50
Aneast dellverv
511a

BBptember delivery
October delivery
Novell, ber dell very

60%
51%

51%

51^8
52ia

51 14
5^14
52=8

52%

5218

5214
5338

5218
5318

52i«
52ig
53=8
54
Oats declined sharply in the course of Tuesday and Wednesday, especially for lots on the spot and for prompt delivery.
There was an extreme pressure to sell, which met with no
adequate demand. Yesterday the decline was checked, with
some irregularity. To-day there was a very general advance,
but most decided for mixed for prompt delivery.
DAILY OLOSmO PKICE8 OF NO. 2 OATS.
Hon. Txif.n.
Wed. Tkurt.
Fri.
Sat.
33=8
33>4
3258
33
August deUverv
34
3^3i
33i8
33ia
3338
September delivery
3338
SS'^s
33H
3438
34
3419
3438
October delivery
Si's
Rye is quiet. Canada Peas held higher. Barley malt firm.
Barley, of the new crop, is pretty freely offered by sample, but
prices are not yet established.
The following are the closing quotations:
FLO OB.
Fine
V bW. $1 80® 2 80 aonth'n com. extras.. $3 00t> 3 25
Buperttne
2 25r 2 90 Soathem bakers' and
Spring wheat extras. 2 85 a 3 35
family brands
3 409 3 75
Minn, clear and stra't. 3 50* 4 65 Sve floui, superfine.. 3 35» a 70
Winter sliipp'g extras. 2 90'» 3 50
Fine
2 308 2 60
Winter XX & XXX.. •J 509 4 60 Corn meal—
Patents
4 409 5 00
Western, Ao
2 40i» 2 90
2 6ui> SOU
Brandywlne. Ao.... 2 900 2 95
Sontbem sDpeis

Sm

QBALN.
Sprlng,per bush.

BpringNo.2

Bed winter, No. 2
Bed winter
White

Oom^West. mixed
West. mix. No. 2.
West, white
West, yellow
White Southern..
Yellow Southern.

55 o
State and Canada... 56 •
Oats— IVBxed
32 9
Wlilte
37 e
33i4»
Mo.2mlxed
No. 2 white
oSHIt
Barley Malt—
Canada
90 ai
State, tworowed... 75 a
State, six-rowed
85 ®
Peas— Canada
67 »

Rye—Western

80 »
85isa
87 «

90
87

HH

9 91
• 90
47 9 52
5lia» 52
48 9 53
48 9 53
52 9 55
48 9 53
78
82

FUmr.

Wheat.

BbU.l»6lbt Bmh.eo
Ctaloafro..

6(5,622

Mllwaakee..
Toledo.

68,446
7.268

.

Detroit.

2,271

.

Clevelud...
St. Loalg.

4.554

21,128

...

Peoria....

1.625

Dttlath....

Tot. »k.

Com.

ei&fion
101,039
iks.eia
605,238
75,214
785,807
8,600
113,173

Oatt.
Bu4lt.Sll

Ibt

Barley.

1,091.558

12,900
<7,192

51,725
23,670
62.888
57.000

9,238
12,075

Ih

46,332

9U0
11,015
27,1)00

LOSS

8,SS7

370,680

4,750

10,000

142,130
15.034
0,509

102.131
38.677

1.725,809

,095,50©

l,246,'l8n

1.061.659

201.564

2,&8«,210

1.694,228

667,055
930,213

84,50a

aittceJulvXi

me

335,13s
193.744
390.3B2

1884....

7.129,005

3.203,225

,450,041

2,ttl!6,058

2.673.31)5

791.751

4.6y8.9!;S

3.164.314

,652,768

198,759
29,671
30,451

558,316

135,484

23,769

4,83£

77,64*

774,526

112,927

113,063

22,457

49,40»

9'

Flmir,
bbU.

At-

...

Boston
Portland
Montreal

Wheat,
buth.
125.763 1.477,730
63,303
86,175
14,005
15,763
27,528
4,830
19,894

Corn,

Oati,

bu»h.

6u(A,

496.012
70,4S1

231,350
28,759

262,478
619,751

162,824

7.13,293

17,327
106,330

36,130
16,536
40,092

19.919
41,750
57,202
1,325
46,632

Cor. •week '85.. 143,032 1,015,1)85

725,732

592,033

Philadelphia...

Baltimore

Biohmond

New

-w'k.

me time
1885.

Orleans...

2.M30

Barley,
5u«A.
1,920

600

Rye.
biith,

3,361
2,062
1,800
19,9:i8

55.37T

EXPOETS OF Brkadstuffs FOR JuLY, 1886.— The following
the statement issued by the Bureau of Statistic*
shows the exports of domestic breadstuffs from the under
mentioned customs districts of the United States for th&
month of July in 1886 and 1885, and for the seven months
since January 1, 1886

made up from

:

July.

1886.

Brendstuffg
1886.

ExtHtrts.

Qu'ntUiea

Seven Months.

1885.

Value.

Vahie.

iQu'ntitiesl

Quantities

1

Value.

Barley, blUsh.

New Vork
Boston

Philadelphia..
•Baltimore
New OrJeans.

TS-

San F.SWIl'm'le
Other cue. dist's*

9,769

7.316

"ii^iii,

20,275

9,818

12,435

7,321

127,964

78,478-

1,101,762
248,561
108,532

2,12.3.551
395,20-i

1.351,540

14,238,741
1,810,993
1.415.032
12,880,401

7,11 4.87a

B.2S.'i,8,S5

935

7W

2,927,507
13,417

237.588

124,9-e

Total, barley.
C(trn,bit.sh.

New

York
Boston

New Orleans.

34S.6:il

Siau F.&Wil'ui'te
Other COS. dist's*

0,301
737,404

530,102
128,712
sa.uoo
346,252
163,465
J. 309
280,330

Total, com... .
Corn-meal. bbls.

3.283,053

,501,266

1,018,742

2,243,638

11.801

38,597
20,511

14,869
9,449
1,750

43,501
25,524
5,312

75,076
47,842
4,178

218,719.

1,014

968

4

313
15

"'iim

17.679

66.781

Philadelphia.

Kaltimore

731,862

New

York
Boston

8,39(1

Baltimore
New Orleans
San F.SWil'iu'te
other CU8. dist's*

19.882
5,918.034

978.7681
886,34)5.

5,911,467

2,598,768.

42,138,968] 20,226,108

117,H4a
11,62«

1

"9,751

l,6n9

23,623

63,862

27,947

85,852

145,103

405,026.

10,714

4,751

20.'!

663.838
2,871

220,619.

390

168.863
444
2,585
1,00U

65.634

819

New York

8

318
2

'sVisi

Total, corn-meal
O'lte, bush.

1,194

6,641

2,418.

460

14

H

5

10,210;

4,0.37

64.617
5,S92

21,8*1.
1,718:

642,583|

251,84»

Boston
Philadelphia..

Baltimore

New

224.059
198,181
284,123
59.834

830.478
519,762
111,226

Ptiiladelpbla....

72

48

7

4,571

2,117
1,466

8,434

Orleans.

San F.&WH'm'te
Other ous. dist's*

4.816

S,63l

8,766

Oatmexll. lbs.
Y'ork

^ew

432,3.39

Boston

406,180
17,500

Philadelphia..

179.333

71,084

14,115
11,461

581.975
228,'200

13,656
6.215
16,210

700

628,680
140.400

..

Snn F.sWirm'te

1,814.122
4,122,400

44.

1,315

50,077
102.02O

483,600

14,590

3,232,670,

6,61ti

New Orleans..

92319.

95

5.

9,352

81,948
1,129,000

19,98»

""293

7.600
8,320

231
208

9,000
467.600

871.839

28.718

2,048,855

49,341

10,883,636

281,286.

10,253

6,009

19,190

14,770

56,683

38,7a»

8,400
15,984

Total, oatmeal
liye.bush.
New "York

6,049
10,129

20.036
1.309

11,03«

43,174

80,948

78.028'

50,807

1.836.

Boston
Philadelphia...

Baltimore

New Orleans.

.

San F.iWll'm'tB
Otiier ous.

dist's'

10,253

Total, rye

6,008

ll'/icaf, bu))i.

New

3,628,790 3,083.129 1.571.S07 1,537,952 17.924.8701 16,267.373
York.
33.140
27,254
25.504
26.504
9B9.113;
869,420
Boston
424.382
376,426
271,436
1.641,212'
265,460
1,767,489;
PhUadelplUa
758,972
618.947
639.487
Baltimore
513,164
2,749,672
2,442.79'.i
3,079
2,653
28.121
21.07»
New Orleans
891,748 17.837,187 13,698,058
San F.*Wli'm'le 1,450,658 1,081,522 1,037,449
32l,,S14
261,862
187,161
2,107,685'
144,426
1,764,086.
Other cus. dist's*

Total, wheat.
W-lwat-ftour,

New

6,518,735

6.481,783

3,602.784

8.378,234

274,098
210,917
27,896
268,570
3.946
146,846
44,701

1,127,375
1,133,233

233,180
136,789
87,848
02,731

1,047,154
715,484

42,773,9871 36,607,014

bbU

Y'ork

Baltimore
New Orleans
San F.*Wirm'te
Other cus. dist's'

138,612
1.296,954
18,663
669.468
196,242
4.472.487|

65.387
69.092

596,620

2.865.548

1,826,708;
1,077,421;

167,245
801,051
8.161
274.208
342.246

1,!>96

7.962,87»
6,738,922

246,441

1.244.979.

87.S.()43l

819.159
233.391

4,84S,890
»».8ra
8,197,084
1,063,186

6,096,648

23.631.659

19,486;

Totalt.

New 'York

4,799,127
1.321 .o«l
687,884
2,291,153
174,726
1,857,409

4.080.881

755,839

086,498

&.488,42»

,111,670,649

8,721,811

81,432,215^

Boston

New Orleans

,

San F.4.Wil'm'te
Other COS. disc's*

The receipts of flour and gram at the seaboard ports for the
week ended Aug. 7, 1886, follow:

New York.

22,26S

4,836

250

Tot.

BaltiDJOre

195.897
75,523
141.856

3,519

38

Philadelphia

186S

57,567
6,255

614

Total, wheat-flo'f "976,973

3,063,191

99,949{

BHth.

19,962

Philadelphia

341.51 iO

Buth

6.117
14,523
50,378

Boston

500
500

Pmw.

Btuh.

155,777
3,860
51,427
49,868

03
80

Ryt.

Rye.

Bbts.

Montreal.
PhUadel..
Baltlm're
N.Orl'ns.
Klohm''d

Otliercus. dist's*

138,910
75,030

170.809

8»me wk. '85
SMue wk, '84

118,789
16,528

ew York

if

Baltimore

68

Oatt.

Boston. .
N. News.

3413
3919

90

Flour.

Btuh.
297,384

Total, oats

Ua'Smh.tSlbilJtuthStl

1,432,464

Com.

Wh»at.

ftOM—

56
68
36
44

The movement of breadstufis to market is indicated In tt e
statements below, prepared by us from the flares of the Ne-w
York Produce Exchange, We first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending Aug. 7, 1886, and since
July 21 for each of the last three years:
BtcUrt* at—\

Swpftt

Grand
"

total..

Other customs

:

Duluth, Minnesota
Huron, Michigan
Miami, Ohio

1,111.467
78.188
1.177,811

New Haven,

districts

Brazos, Texas
Chicago, Illinois
Detrcnt. Michiiiau

895,989
668,592

85,394
214,468
48.793
807.734
18.SS0
71.200

Connecticut.

Maine
Richmond, Virclnia
Yorktown, Virginia
Poi'tland,

Total.

31,873,274
7.803.88«
3.601.129
12.692.017
8.0«3.68l>
18.910.91

t3.42»
2,364

60,97*
23,269
$i55,83»

Not B.— This statement Includes about
articles

named from

ail

98 per cent of the entire exports of th©
ports of the country.

50

supply of grain, comprising the stocks in granary
ait the principal points of accumulation at lake and seaboard
ports, an 1 in transit by rail and water, Aug. 7, 1886 :

The

.......

16,045

'Wsible

AcocsT

Oau,

Com,

InHntatVewTorc

kuth
33i.O0O

Do

...

2.lS*.iS4
107,900
JO.JMO

BarUi.,
butA.
1.522

buth.

62,704

13.000
«.279

8,300.215 2.723,192

912,417

150,35 i

68.718

iiloe

51^495

Do

15,827

afloat.

Do

3.039,30

afloat

Tolado

2.977.9(17

OMTOtt

2,109
70.0O0

OiWMD

tiO.OOO
3.a7.>,2ia

flt.Lo>la

~

WtOoo
20.235

TbtiMito..... .••..

.^17.173

BbmIa.

804.221
a.7U0
223.750

ss.Vij

977.16:J

263, ISO

18.000
399.0 i9

miadolpbU

76.361
9,102

5,3-25

2.000
26,793

35.000

431
313

S.OitO
7.97!»
16,1122

31,7tiO

7,827

4,'>55

27:1.1 K)5

Montraal

33.953

27.8^0
3i,a09

323.9<S1

!)2.-,<»iJ

82.597
57,103
75.i«4
37.2iO
3,903

3«i450
61,933
8.SHt
25.300

Avg.

8,
lS8,i.

Axtp. 9,

18«4.

1833.

74,000
29.000

•liinufrs.

415,000
259,000
320,000
285,000

41'AUOO
622,000
310,000
200,000

132,000
243.000
282,000
60,00O

ore

3,tOO

3,0Sl.i39

Daluth

7,
l-i^B.

of Print Cl'}lh*—

20.(X)6

afloat.

MUwaokee..

Aug.
Slncl:

iirers...

373,0dl.

1.200
2,S3j.7u9

Do
<Silaa«e

buMK.

16S.137

bttMh.

l,8*!i.475

Do afloat....
Albany

199 =

THE CHRONICLE.

14. 1886.]

11.316
3,500
161
8.534

Ouhtidu aptxulaioiii

!t4,000

(eat)

25,000

Aug. 11,

Total utook (piec«B>
222,000 1,279,0001,544,000 717,000
Prints were in light and unsatiafactory demand at first
hands, but a very fair business (in package and assorted lot?

was done by leading jobl)er8. Ginghams were less freely taken
by package buyer?, but there was a good steady demand for
crinkled seersuckers, cotton dress goods and cotton hosiery.
DoKESTic Woolen Goods.— Men's- wear woolens were in
moderate demand by the wholesale clothing trade, and the
tone of the market continues firm. Spring worsteds and
caasimeres were opened by several of the commission houses

though a slight advance is
and cheerfully acquiesced in by
Do afloat
buyers, because of the enhanced cost of raw materials. For
2,3jn.73a
Minoaapolta
heavy clothing woolens the demand waa chiefly for small
« 17.000
et.PMU.
47.103 119,000
i';%,9oo
OS HlMlaflpi)!...
duplicate parcels of caasimeres, worsted suitings and over776. JU4
1,150.102
On lake*
672.300
3.016.000
On canal
coatings. Kentucky jeans and satinets were more active in
420,847 252.S84 movement than demand, fair deliveries of these goods having
Aa>. 7. -W. 36.752.874 8.695.346 2.021,2J
371,536 226,99
Tot. Jaur 31. '8H wii^KUiU « ill. i.M) 1.751.774
17«,<)3.'5
:s«,3H»
105,7h6 been made by agents on account of former transactions*
Tgt.Aac. 8, '«
X8.469 211.510 1S0.H1S Cloakings tAA Jersey cloths were in moderate request, and
ToCAu*. 9.
-- ....--.- ..-.^33348 1,376,127 333,548
Tot. Aux. 11. S- —
there waa a good steady movement in soft wool drees goods,
this week'* sot leetlTed.
IrfMrt w«ak't (toek
ladies cloths, tricots, cashmeres and other all-wool and worsted
1 0t. 1*801 not laolBrtad.
dress fabrics at firm prices. Flatmels and blankets were less
active in first hands, but prices remain firm, and stocks are
remarkably light. Shawls and skirts continue in fair request,
and there was a moderate business in carpets, wool hosiery
vbw tou. FrMar. P- M., Aug. IS, isee. and knit underwear.
Ther« was a comftntittij amaU force of out-of-town
FoBXiON Dry Goods. TherewasafairbtisinesB in imported
pacluge bu7«r* ia the xataku the past week, and the demand goods, but the demand was somewhat irregular. Dress goods
«t lint hand* waa ooaaHiaeBtljr light and irregnUr; but manu were in moderate request, and both British and Continental
iBdlanapolU

S'l'i.iOO

Bamatorfi..'.'.'.'.'.'.

81.7SI3

^1*0.379

301,577

at

about

demanded

year's

last

in

some

prices,

eases

I

li

;

THE DRY GOODS TRADE.

—

/aotann' agenta oontlnned to charge ap and make libera'
dellTeriee cf doaaeatio ootioa and woolen gooda, hosiery, knit
underwear, *a, on account of former tranaaotions, and
aHogetbar the volome of boaineaa waa fairly wtiafactory,
though donblleaa below the arerage of many preceding weeks.
The jobbing trade waa lomewhat irregnlar, boaln aaa baring

bean

reintively quiet

with hoiuea doing a near-lqr tnde, while

« moderately large diatribotioD of itaple and depanment
goods waa made by laadJng jotaban who cnt«r for the wants
of Scuthein

fabrics are very firmly held.

Piece silks ruli<d quiet, but
demand and ribbons
were fairly active. Light-weight clothing woolens have met
with marked attention, and some good orders i^ern placed for
future delivery. Linen goods were only in moderate request,
and laces and embroideries other than a few specialtiesruled quiet. Hosiery and fabric gloves were less active in
demand, but tbe movement on account of back orders was
velvets and plushes were in pretty good

—

fairly liberal.

Importatlona of Dry GooAs.
Tbe importations of dry goods at this port for the week
ending .Vug. 12, 1884, and since Jan. 1, and the same facts for

There was a continuous the corresponding periods are as follows:

and Weatern raUOera.

influx of retail buyera from ramota parte of the West and

South,

who

busied tbemaelTea in oanraaaing the market, and

making OMBMmDdn aan basla for fatura operations

in

nn

active jobbing trade in the near future

expected.

is

;

hence

confidently

Accounts from most of the interior markets indi_

cate that the distributing trade in
factory prograaa, and the

fail

outlook

is

gooda

is

making

satis-

i

generally considered

*X90OU

favorable, in spite of disquieting rumors regarding the injury
inilieted

upon certain cropa by the

sections of the West.

late

^1

Values of manufactured goods remain

"U

all

along the

w

line,

tag

I

M»OC»tOO»
tOMOOOfin

I

So-la.>-

O-^ X 009
aDM»0»»M
eaia»»aM

e-ii»— OP

and additional makea of staple cotton
and woolen goods have been slightly advanced in order to
firm

C wlO>•-'

CdQD9tOtD

drouth in some

^-jooao
ici--. ®oss_

»QU~)->

5^

equalize prices.

Doiusnc CorroR Ooods.—The

exports of cotton goods

froaa this port for tbe week ending Aug. 10 were 2,859 pack-

Bremen, 234 to
Colombia, 171 to VeneArgentine Republic, 192 to U. S. of
zuela, 134 to Santo Domingo, d:c. There waa a good steady
movement in plain and colored oottona (from &rst hands) on
ages, including

l,2.''j.'i

XM

to Great Britain, 400 to

account of back orders, but

new

bnaineas

was

restricted in

pa
QD

tOr'WOOl

i«

ton goods, and additional raakas of bleached goods, four-yard

O)

brown sheetings, grey duck, ticks, See., were slightly advanced
by the miU sgents. The jobbing trade in staple cottons was
more active, and a good package business in some deecriptiene was done by large Jobbats. Print elotha were in moderate demand and very Arm at 8^0. for Mx64s and 3c. for

wi)

«

.-^MIO-I

-•cs-io

ca J-*.-!

w .CO w^oa—
Ma
r.-^.-.-.*

o J- -i *. iS
OS o 'J

>)*
«-i

•J

u
00

•o—
:1S

S<B»OM

ot

"tow

M

*'

QD X>

'

;^

-,«
i-.u

volume, owlf g partly to the exceptionally small stocks on
hand. Prices continued firm all along the line of staple cot-

Mx60i, respectively. Stocks last Saturday and for the three
fwfioat yaftrs were aa follows:

-i»'»ai —
e'

•J
Ci

MIOCSUi^

WW

:?»

.-3-13*
a uo X :x
1.,

UK u

QOCO0a»OM
A 10 JO a;

»9»oao&8-i

o—
-J

toaoD-id
faf-^p*y

ri

tola

OtOCNpIO
MO*

«o»o»o*-i

^Ol WOOD

1010
I

1

»>

?
-4 ei I-

» -!

CJiODCOtw^^

btpU'Vo

^ -I *o v*

^ w y ^1
WMO«

-^CHUitO'^l

»-•

OS*-*

I

otQOty^D*J

THE CHRONICLE.
©ompauics.

^Tttst

The Brooklyn Trust Co.,
Cor. of Montairoeana Clinton 8ts.,Brooltlyn, N.Y.
'
Tills company U authorlied by spcctal charter to
act as roooiTcr, truMee, guardian, executor or admlnIttratur.
It can act as asent in the sale or manasement oi
real estate, collect interest or dividends, receive registry and transfer boo|{s, or make purchase and sale
of Governuif nt and other socurities.
Rellt^lous and cliaritnble institutions, and persons
nnacciistomod to the transaction of business, will
And this Company a safe and convenient depository

KIIM.EV lloi-ES. President.
euml:nt) W.COKLIES, Vicc-Pres't.

Xormouey.

C. D.

States Trust Co.
OF \EW TOEK.
49 WAI^L. STREET.

No.
Capital and Sarplua,
This compan>

Into court, and

is
is

$6,000,000

-

a legal depository for moneys paid
authoriied to act as guardian oi

INTEREST ALLOWED ON DEPOSITS,

which may be made at any time, and withdrawn afteJ
Ave days' notice, and will be entitled to interest foi
the whole time they may remain with the company.

I

STOCKS

At Auction.
SALES

Robt.B.Minturn,
Geo. H. Warren,

No. 12

HBNKY

L. THOHNBLL, Secretary.
G. HAMPTON, Assistant Secretary.

73 Broadway, cor. Sector St., N. Y.
CAPITAIy$1,000,000
SURPIiUS,$2,U00,000

......
......

Authorized to act as Executor, Administrator
Guardian, Receiver, or Trustee, and is

A LEGAL DBPOSITCUr TOR MONEY
Accepts the transfer agency and registry of stocks,
and acts as Trustee of mortgages of corporations.
Allows tnterest on deposits, which may be made at
any time, and withdrawn on five days' notice, with
Interest for the whole time they remain with the
company.
For the convenience of depositors this company

also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
ppon the resulting daily balances. Such checks pass
through the Clearing llouse.

TRUSTEES:
James M. McLean,
Ambrose C. Klngsland,
James II. Ogilvie,

Wm. F. Russell,

S. T. Fairchild.

Wood,
James N. Piatt,
C. D.

%nsnvvincz.

The United

States Life

IN THC: CITir OF NEW^
(OKaANIZKD IN
261, 262

YORK.

1850.)

& 263 Broadway, New
BROSNAN,

York,

E*re8ident.

C. P.

Fbaueioh, Seo'7. A. Whkslwright, Ass't Sec.
Geo. H. Bukford, Actnary.
the profits belong to the Policy-holders exolu-

Bively,

AU Policies issued by
able after three

this

Company are indisput-

tine.

One month's grace aUowed In the payment of
Premiums on Tontine PoUcies, and ten days' grace
on

all others, the Insurance remaining in full force
during the grace.
Absolute security, combined with the largest liberality, assures the popularity and success of this company.
GOOD AGENTS, desiring to represent the Company, are invited to address J. S. GAFFNBY. Superntendent of Agencies, at Home Ofllce.

.

EQUITABLE

A. A. Low.

K. B. Wesley,
D. H. McAlpin,
George B. Carhart,
Henry Stokes,

J. B.

G. G. Williams,
B. O. Rem.ien,
Johnston,

LIFE ASSVRANCi: SOCIETY,

Edward

Schell,

Samuel

F. Barger,

Amaia J.

Hobert Lenox Kennedy, Geo.

C.

120

Parker,

EXECUTIVE COMMITTEE
_ Whitewrlght,
Wm.
G. O. Williams,

M

James

McLean,

c.

EDWARD

A.

AND

KING.

Co.,

CHESTNUT STREET.

61S

PHILADBI^PHIA.
Authorlied Capital
$1,000,000
Paid-up Capital ..
SOO.UOO
Acts as Executor, Administrator, Assignee, ete
and executes trusts of every description known to
the law.
All trust assets kept separate from tho-e of the

Company.

Burglar-Proof Safes to rent at $.') to t8C per annum
Wills kept in vaults without chArge.
Bonds, Stocks and other valuables taken under
guarantee.
Paintings, Statiury, Bronzes, etc., kept In FireProof Vaults.
Money received on deposit at interest.
JA8, LONG. Prea't. JOHN G. RKADING. V.-Pres't
S'I'OK H s. Treasurer ,St Secretary.
I). 11. PATTBRSO.N, Trust OtHcer.
DIKECTOKS— James Long. Alfred 8. Gill, tt, Joseph
Wright. Dr. Charles I'. Turner, ^^ illiam S. Pdce
John T. Monroe. W. J. Nead. Thomas K. Patton John
G. Reading. Wm. H. Lucas, I). Hayes Agnew,
U
Jos. I. Keefe, Robert Patterson, Theodcjr C. Engei'
Jacob Nayli r, Thos. G. Hoi.d. Edward L. Perkins'
William Wi.tson. PitiLAiiELfiriA ; .Samuel Kiddle
Glen Kiddli:, Pa.; Dr. George W, Reily. HabrisI
BtTEG. Pa.; J. Simpson Africa, Uuxti.vodos; llenrv
8. Eokert. Reading
Edmnnii S. Doty, miipiinTOWN W.
H. Davis, DOYLESTOW-N- f K. E. Sita-

MAHLON

.-<.

M

i

W

;

from Ist

the same

$776,712 42

The Company has the following Assets,
United States and State of New
York Stock,

City,

viz.:

Bank and

other Stocks
$9,034,685 0*
Loans secured by Stocks and
otherwise
1,438,60
Real Estate and Claims due the
Company, estimated at
530,000 00
Premium Notes and BlUs Receivable
1,508,143 68
Cash In Bank
228,897 88

Amount

$12,740,326 48

SIX PER CENT INTEREST on the outstanding certlflcates of proflts will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d of Februaiy next.
THE OUTSTANDING CERTIFICATES of
the issue of 1881 wlU be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the 2d of February
next, from which date all laterest thereon will
cease. The certificates to be produced at the
time of payment and canceled.

A DIVIDEND OF FORTY PER CENT

H. CHAPIHAN,

J.

Seeretarr.

$66,553,387 BO
83,691,148 S7

»18,868,289 13

ly. Y. Standard 4I2 per cent
Interest, $17,495,329,40.)

Surplus over IAabUittfs,on every standard of valuation larger than that of any other Life Assurance Company.

TRUSTEE!

lnl885

»96,011.878 00
857,388.846 00
Policy-Uolders in 1886
7,138,0«6 05
S°f?'ii"!l''
Paid Pollcy-Holders since OrganUatlon 88.211,175 63
IMCX)MB In 1885.
16,690;0B313

OnrSTANmNO assuuanob

mutual^'benefit
LIFE INSURANCE COMPANY,

NEWARK,

Anzi DODD,

W. J.
President.

Asseta (Market Values)
Liabilities (4 per cent Reserve)

$38.nw.31« 32
35.857,827 70
2.757.491 62
5,411,241 50

Surpus.

(New York Standard)

Policies Absolutely Non-Forreltable
After Second Year.
In case of lapse the Policy is coxtinued in

FORCJ as long as its value will pay for: or, if preferred, a Paid-up policy for its full value is issued in
exchange.
After the third year Policies are incontestable,
except aa aKainst Intentional fraud and all restrio;

tions as to travel or occupatitnx are

noved.
CASH LOANSaremadeto theexte of 50 percent
of the reserve value, where valid assit oients of the
Policies can be made as collateral Becur..y.

Losses paid Immediately upon completion and approval ol proofs.

Robert B, Mlntam,
Charles H. Marshall,
Frederick H. Cossltt,
William Bryoe,

W

James Low,
A. A. Raven,

Wm.

Surplus

Adolph Lemoyne,

D, Jones,
Charles Dennis,
H. H. Moore,
J.

New ASSURAXCK

la

declared on the net earned premiums of the
Company, for the year ending 3l8t December,
1885, for which certificates will be issued on
and after Tuesday, the 4th of May next.
By order of the Board,

President.
. .

$1,915,020 67

(Surplus on

C. Klngsland.

President.
JAMES M. MCLEAN. First Vice-Pres't,
JAMES II.OOILVIB, Second Vioe-Pres't.
. „
A. O. RONALDSi )N. Secretary.

eil

HYDE,

SURPLUS

D. Wood,

The Union Trust

B,

^T^?§?A-^A5y-J"'^ IstTlSe
LIABILITIES, 4 per cent Talnatlon

B. B. Wesley,

J.B. Johnston,
D. C. Hays,

BROADWAY, NEW YORK.

HENRY

Magouu.

$5,196,143 78

Returns of Premiums and Expenses

years.

AU Death Claims paid without discount as soon
as satisfactory proofs have been received.
This Company issues all forms of Insurance, including Tontine and Limited (Non-Forfeiting) Ton-

C. Vanderbilt,

Edward King,

ofi

Losses paid during
period

Insurance Co.

H. Frothingham,
George A Jarvls,

James Forsyth,
George Cabot Ward,

31st

January, 1885, to 31st December, 1885
$3,770,094 30

I.

p. C. Hays,

to

Total Marine Premiums

Premiums marked

AU

OF NEir YORK,

1st January, 1885,

December, 1885
$3,856,618 68
Premiums on Policies not marked
oS 1st January, 1885
1,339,525 10

H. SIULL,ER & SON,
NEW YORK.

T. H.

Union Trust Company

on the Slat December, 1885:

Ite afTaire

Premiums on Marine Risks from

PINE STREET,

BQUITABLB BtTTLmUO.)

George Bliss,
William Libbey,
John C. Brown,

Edward Cooper,
Krastus Corning,, W.Bay'rdCutting
__.
S. B.Chittenden, 'Chas. S. Smith.
John U. Rhoades. Wni.Ri tclief eller,
Phelps, Anson P. Stokes.'Alex. E. Orr.

B. T. Wilson,

of all classes of

WEDNESDAYS AND SATURDAYS.

ADRIAN

KEW YORE, Jannanr 23, 1SB6.
TheTmBtees, In conformity to the Charter oi
the Company, Bubmlt the follovrlng Statement
of

REGULAR AUCTION

STOCKS AND BOIVDS,
OH

Samuel Sloan,
James Low,

Henry A. Kent,

BONDS

and

The Undersigned hold

Daniel D. Lord,

Wm. Whitewrlght,

^aljes.

Vice-PreB'(

TBUSTEBS:

Dan. H. Arnold, iD. Willis James,
Thos. Slocomb, John J. Astor,
Charles B. Bill. John A. Stewart,
Wilson G. Hunt, [S.M.Buclti'Kham,
Wm. H. Macy. II. E. Lawrence,
CHnton Gilbert, Isaac N. Phelps.

ATLANTIC
Mutual Insurance Co.,

Ruction

Bxecutors, administrators, or trustees of estates

JAMES 8. CLARK, Second

OFFICE OF THE

$1,000,000.

WALTER

and females unaccustomed to the transaction of business, as well as religious and benevolent institutions
wUl and this company a convenient depository foi
JOHN A. STKWAKT, President.
money.
WILLIAM H. .MACY, Vice-President

LOUIS

New York.

St.,

act as fiscal or transfer agent, or trustee for corporations, and accept and execute any legal trusts from
persons or corporations on as favorable terms aa
other SUullar companies.
TllOMA.'S I11LLHOU.se. President.
FRKDKKIO D. TAPPEN, Vice-President.
J. BRITTl.N. Secretary.

±m8tee.

Wm. W.

WaU

CAPITAL,

I7P

Uipley Hopes.
Abram B. Baylls,

B. Kendall, 'H. E. l*iorrepont,iH.

United

MiUo Building, 35

PAID

Wood,

W. Maxwell,
JAME8 Boss CntnAX. Secretary.

Wm,

JtiBtttattce.

Designated as a legal Depository by order of Supreme Court. Receive deposits jf money on interest,

Wm. H. Male,

.lohn 1". Uolfe,
Alex. McOue.
Mlch'lChauncey.lE. W. Corlios.

XUn.

Metropolitan Trust Co.,

nVK. Sheldon,

JoslahO. Low, |E. K. Knowlton,
Alex. M. White, 'John T. Martin,
Fred. Cromwell,
A. A. Low,

(Vol.

John Elliott,
James G. De Forest,

Sturgis,

Benjamin H. Field,
Josiah O. Low,

Charles D. Leverloh,
L. Riker,
N. Denton Smith,

Thomas B Coddlngton, John
,

William Degroot,
Horace Gray,
William £. Dodge,
William H, Maoy,
G. A.

Hand,

George

Bliss,

Henry E. Hawley,
William D. Morgan,
Isaac BeU,
Edwtird Floyd-Jones,

John D. Hewlett,
William H. Webb,

Anson W. Hard,

Charles P. Burdett,

Thomas Maitland.

Edmund W.

Corlles,

JOHN D, JONES, President,
CHARLES DENNIS, Vice-President.
W. H, H, MOORE, 2d
A. A.

RAVEN, 8d

Vlce-Pres't.

Vice-

esldent

p^

Awavn

THE CHRONICLE.

14, 1888.J

^USUVillCC.

gwbltcatiotis.

UNION MUTUAL

NOW HEADT.

G.

OKOA.SIZKO UM.
CompuiT or lu A««aU

Railroad

Cotton Exchange

popster

i

IM &

TCara past bliI Fixld Ciiaiioes.

R.4\CE COSIPANY

l\!tl

BKOADWAY. NEW YuBK.
BKIBT VrOKn, Pr«MMit.
laS

Jam.

Iiifittm'.

tb«
to

Ha nhalla i

w

m

th«

Hlfheat and Lowest Prices, !N«iithIr.—
Uarrsu »tate» SEcrRiTiK* and Railboad

«•/ ltf»

It

insDrsDo*

BTOCKO I.N .NKW YllKB, UOSTON,
PHiLAiiCLriiiA and Kaltimorb, lor the
( ar 1883, and to Jul}' la lSnS6.

th0 laT««'M«at faatar* of tjk« ciMl"««rot
It avoM* Ik* «xp«BM ni<lme tk«
urdlnan awtaoo.
Ixtar br lb* urdlnsr; awtbaxl. Aa taj
taBrD*MB«Dt baa
Bddad to thla B«w lora of p Iter wNMb
WW wmmf.^
!«*•»• HMf«« tka ••Moa at laa
mMoidm
of _

}

Tea Tear Raafe

of Prices—
YKABLT RaXOB op ACTITB STOCK*— I>at« of
klBheat and lowert prteaa Mdf la tha Tnara
1(177 to Utt-S. taclitalTr, and to Jaly la 1886.

MHrr, wbll*

kM*

a _

tor

at of p.

.

oflSr

braltb at

'

BTAI!'

!.

Olrl4ea4*.—
RAiLBOAn STOCK* raid In
alx 7rar«, 1880 (n 1889, IBClaalTp, and

ItiTiDCMiM

thaUB*.

oic

prior tu Jal7 In 1886.

B*llr«a4 Earala^a.—
Oauas A>D Mbt EAuno* ao far aa rpiwrtad

jIUamships.

treel,

WALDRON

la 18«6. la eompartaon with 188S.

A.

'^

Futures proniDUr

TAINTER,

COTTON MERCHANTS,
COTTON EXCHANGE BCILDING.
8PBCIAL ATTKNTION TO COTTON FUTDBBI

BAGGING.

Bi>.II>a *«ll

IMt.
Itwnnuicw

>pal«T iktot.

{

laM tha proc«ctiT« fMUar«

m>.

Liftt

»

*
fiew York.

Orders for ^pot Cotton and
exacntad.

Salli^ad (Mrnritleti.—
A DaacBiPTioii OP Stacks a>d BonM, ah
A »T*T»IMI!!«T OF TIIK I|ICX>IIC tOt foUT

MANHATTAN
LIFE

CONTSNTB.

aDd

lo tk« <iakr«Dt

Co.,

COTTON BKOKEFS,
135 Pearl

nlUd

• rviatr of pullclM
nc«*of UlflV*!*.

&

Dennis Perkins

JmLT, 18M.

DISCODNT.

n* Cc«p*n7 K MrMia. raHaM* and

BnildiB^,

NBW YORK.

Securities.

•xpuiolojc

Tke nalDe Non-Forrcllnr* Laiv.
UMBaa PAID PROMPTLT AND WITUOUT
Imam

Co.,

Wi^RB A SCUROBDEB.

COTTON COMMISSION MKRCHANTH,
OF

etimlan

for

&

Schroeder
Bneeeaaorato

PORTLAND, MAINE.
JOHM K. DK WITT, PrMMant.
Witt* to tb«

^jgccHaticous.

Company

Life Insurance

TU

A GRATS

WARREIV, JONES

ST. LOUIS, Mo.
Maanfaataran' AsanU for tba sala of Jnt*

llaailBt

IMPOBTSR8 OF

IRON COTTON TIES.
Bliss, Fabyan & Co.,
New

York, Boston, Philadelphia,
AUKNTS rOH I.BAniNU BBANDB

SKLlLLNO

BROWN A BLEACHED NHIRTINCS

ONLY

AND HHEKTINUB,

Direct Line to

France.

Price In Red Leathrr CoTent, • • $1 00
To 8ai»Mrlb«r> of the Chronicle,
75

PBIMTS. DBNIMS, TICKS. DCCK8,

A*.

rowala,Qnllla,Wl>UeGoodaA BoBlarr
DritU. Mmlingt, Ac. for Mtporl Tnul*.

GENERAL TRATiTATLANTIC

CO.

WILLIAM

rnm

Ptar (aawi M, NorU Elrar, fool of Martoa ai.
Traralan bj tbia lia«a*«t«
rallva; and ibad

A

79

KMr V'.\K.TtBak...aM,

AiW. 14.MiA.M.»at_Aa(.«l IOA.M

wraoaai

Karaal>•a('
I>e Juiua.llD. •B«-«v4A.M.
.
^
>al. . Mat. • ap< 4, 10 A.
.

BINOB ISf*.

Aayc a* pmaaMi na

M

.

•'K data«tj. t!>*c II I La Nora«C IS, La oair» ««a« (aawi.

DANA * CO

tbaaa

raMBdB

liada tflD baa

for aaoTaolaai rafaraiia* a aowplata and ralaartal hIMorf <•( tba pdftod. Putlaa haTlna
»iira raeaat voIudic* emn oiitatD from tba pod
ut tha auUar rolBBaa, or eomplata aat

laa

iHbm mnM

diB* vlaa.

UMlM aM af alia

K*
OMakaaa Baaaat
•oaalatoaal*.

Sp^rlal Trmla rt^wm

Havr*

WILLIAIB
78

A

*)

CO..

EW YORK

BRIIIA:<I, Acaal,
Bowllns <irs«a.

Tl

No. 3

WALL

ST.,

Wisner,
NBW TOBK,

nERCIIANTS,

CO«MIBSIO.\'

Miuilian of tba Cotton, CoSaa and Produca Bxeh't
Aoi.NCY or

I^ubtijcatiotts.

THE HAXALL CKENSBAW

CO.,

KirilM05D, TA.
gtandard Brand* of y\nur for Sblpoiaat to
t llmatm always oa Band.

Wana

ORIENT GIANO MANUFACT'O
I« lis* THB .IVING
AO« aaiara
OKIB.NT. U I.

CO.,

Littell's Living Agr.
apna lu forty.
.^
third yaar. hsriaa awt wiik ana.

Standard

aadfe,

laa

aaUar

Rta*

or

TURKK AND A OCABTBE
THOUSAXD

Caparpboaphataa.

OF TIKGIMIA.

(irra lit j. two aapibara of

Mitr-foor pacaa
tbaa

BA08, "AWNIMQ BTBIPBS.

nnda

Ho.

SECUKE BANK VAULTS.

fF»«b an<J C'oMPLaTrf
of an lodiapanaaMa carn-ni lltrratan.«ndl^M.Mr baeaaaa It oabraeaa tfca pradaaUoM •(
ofilr

a>tlafa<it<irllr

ABLEST LITINO WRI'ERH

'"•»""*"

•« Ularataw,

Maaea. PoHUaaaad
Afl.
a a.
** P«» «o<» »aa> loaay tkM wia Tai Linao
. -L*

»

y. for il<l»..fiiiljriito Aoi and w>r nJiTtlbi
Aiaiiiliaii»djl«iatai>a.(or W«rp.>-. M«Ju.or *i«tri

<

•!*•

"atfi^a »da»,poa«paJd;

UTiaa Aoa aad lh«

nl.

.SleOmi.

1.ITTBI.I.

*

fori*

Bn,

Aildrw^

'

or.

CO.,

thi
'

•a(«>.

Law

WAIJJUT STREET,
Philadelphia, Pa.

Eugrene K.

IHeO.

ColCi,.

STATIONER AND PRINTER.
rations witb oomplata ontfluof Account

BookaBM

SUtlonary

tW Naw eoooams orsantsina will bare tbeir orddra
axacutad.

promptly

No.

WILLIAn STREET,

1

Cotton.

Id

Alexander

Boaod and Dat Bam. and ft ply Plat«a and Anclaa
FOB HAFEH. VAI'Lrs. Ad.

Caanot ba Sawad.

mRomiE

.

gj*gy>'«**'*>dt»dn»»ddaao»n«>t.aoa»«.
« aa Itla tu-dar .CSi* i^ luf " "*" •• «

Porter,

iHANoVKIl mjlIARK.)

WELnEI»(HK0.1!KSTKrLAND IRON

* martran raa4ar.

W.

623

,il,~"
.-lan

I

ito*

Straat.

Snppllaa Banks. Bankers. Stock Brokers and Cor*<^

Pyrltaa fra* froa Araanla.

'jrtarn pagai of
T«anr- it pr*.

'

nh laaiafnrc InTalaabIa u> ar.rj

CO.
In

Corporatloo. Transportation and Commercial Law.
RiruiSMCES:— Tba Trust Com panlaa, Tbe Natloaa
Banks and Kallroad Companies In Philadelphia, and
Iba Jadcaa of any of tha Corta.

"•«sr ess: Assr j^vs^jtsl"

aUa
aanllaUoa

Dnaaa

William

aa iMapaoalTa r<vaL
iliim Ma
>t of

Pw.o«laal

Widths aod Colors, always

Attorney and Counsellor at

i.la.

UMortaal aa4 Pol.
tnm tka aaUra

kinds of

CARTAS. FKLTlNO DnCB, CAB
OOTBRINO, BAUOlNO. KAVKNB DCCS,8AU.
TW1NB8, AC„ "ONTARIO" 8BAMLB88

BSTABLISnBD

SULPHUR MINES COMPANY

A WKIKl.t HAOAZINB,

I
jit

And all

OOTTOB

A (all aapply, all

&

Crenshaw

• foT* iba dapartara of a alaaMa'

M

COTTON SAILDUCK

No. lOS

Itanoa K.

KlTar. foot of

la

ONITBD STATES BUNTING

DlisccUancous.

>—

DB

DANA *

B.

WILLIAM HTRRKT W

Co.,

Also, Airanta

Bavra. pt u iidad
aMa
•rad at iha'Coapaa'
ilw Coapaar'a doa*

LOllit

&

Maonfaotaran and Ddalar*

la Parta.

natloo

rU

Brinckerhoff, Turner

Chronicle Volumes

la aaoiaJ] ^oal.
II

B.

WILLIAM 8TRBRT, !fKW TOKK

01

''nl

nr

Drlllad,

STEEI> WORKS.
RROOKLT^. W. T.
.

CargiU,

AUGUSTA, GEORGIA.

and praeUcally

Barrlar Proof.

&

COTTON BROKERS,
Bntir* attantlon icITan to parchaaa of

COTTOB

for 8P1.NNKR8 and KXPORTBB8.
COHHBKPONIIKKCB SoLICITBD.
RinRINOH.— National Bank of Anffusta, Oa
Hanry Hants A Co.. Comnilsslon Marohanta, Naa
York William B. Dana A Co.. Proprletora GomtMciAi. A FiMAMCiALrnKONicLB,and other Naw York

TO OBDBR

;

CI LLOTTS

JOSEPH
STEEL PENS
PARIS EXPOSITION-I07a.
COLO MEDAL

THE MOST PERFECT

OF P ENS

Uooses

FELLOWES, JOHNSON & TILESTON,
COTTON, BT04-K8, BONDS, ice.,
SB

Ordan In

WILLIAM HIKKKT, NBW TORK.
" ratar cs" axagatad at N, Y, Oellon Bzoh-

THE CHRONICLE

viii

Cotton.

Woodward &

I

INMAN,SWANN&Co
COTTON MERCHANTS,

\

DEPOSITS KECBI VED-«ubJect to Check at sight

New

WANTS

— „lth

interest upon balances.
Special att-ntl.m paid to

York.

accounts or

NEW YORK, NEW

TORK.

ORL.EANS,

&

AGENT FOB

Cotton, CoObe, Grain and Petroleum Bonght and

New York

132

COTTON COMPANY OF STUTTGART.

City.

&

Co.,

Soutb Wllllain St., Nenr York.
IXBCUTB 0RDEB8 FOR FUTURE DBLIVERT

COTTON
NEW TORK. LIVERPOOL AND NEW
LEANS COTTON EXCHANGES.
COFFEE
NEW YORK COFFEE EXCHANGE,

at the

OR-

the

and

NEW YORK PRODUCE EXCHANGE

at the

the

CHICAGO BOARD OF TRADE.
Correspondents

Mes'rs. Smith,
LlTerpool.
Jaa,

Edwards &

Co.,

and

PETROLEVIH, STOCKS,
COTTON, GRAIN,
PROVISIONS, COFFEE.

& Commission Merchants
NORFOLK, VA.

Cotton Brokers

Spt'Cial attention given to the sale of cotton to arrive ur in transit for b< th foreign or domestic markets.
Correspondence solicited.

Phenix Insurance Co.
OF BROOKLYN,

NEW
Co.

Montgomery, Ala.

LEHMAN BRO'S,
Cotton AND Factors

»•!

Mohr, Hanemann& Co.,

STEPHEN CROWELL,
WM. R. CROW ELL.

EXCHANGE PLACE,

MSMBSR8 OF THE COTTON, OOfFES AND

PHILANDF.H SHAW,

FRANCIS

186 Gravlir Street,

Cotton Exch. Building,

PRODTTOB EXOHANOKS.

Up-town Office,

New

No. 204 Chitrch Street,

New

Yorii.

8PRCIAL Attention givbn to thb Ex£0Tn?iON

OF

&

& Co.,

Cotton Commission Mercliants,
,

Cotton Excbange BnlldlOK, NeivYork.
and

sale of

FUTURE CONTRACTS
In

New York and

B. F.

visions in

New

NEW YOBK.

BABCOCK&CO.

COMMISSION MERCHANTS,
Becelve consignments of Cotton and other Produce,
and execute orders at the Exchanges in LlverpooL
Bepresented in New York at the olBce of

8AMX

D.

BABCOCK

8a Naaaaa Street.

New

York.

Walter & Fatman,
COTTON RROKERS,
BEATER STREET,

JittVf

141

PEARL

88 <tfTR ItR I,A RnTTRMR.

Geo. Copeland

&

OOTTOM BBOKEB8,
184 PBARI.

HAVRE
Co.,

&

ST.,

Co.,

NEW YORK.

COTTOIV.
L.

Henby

Bullabd.

&

Bullard

h. Whxilkk.

Wheeler,

COTTON COMMISSION MERCHANTS
NEW

JAS. A.

&

VORK.

Attention given to purchase and sale of

CONTRACTS OF COTTON.

CL.iSB¥

Acent.

Co.

Ins.

LONDON AND EDINBVRGB.
1,

1886.

fS.421,870 Tt

LIABILITIES.:
|l,19fl,»47 48
Reserve for Unearned Premiums....
150,887 77
Reserve tor Unpaid Losses
Other Liabilities
, „, .'>®i'S*.^
.a,01

Net

5,a8a 18

:!4nrplus

$3,421,870 78
S. in 19 years .*ia,'i-iO,\.3H 03
Branch Office, 54 Williak St., N. Y.
CHAS. E. WHITE, SAM. P. BLAtiDEN,

Losses paid In C.

D.

.

8.

FUTURE

4fc

CO.,

JAS.

OBDIBS rOB A COMMIUIOH

F.

DUDLEY. Deputy

Manager.

C OMMER CIAL UNION
Assurance

COTTON BCYEBB,
ONIiT ON

6fi

Yorlr

British

Mercantile

Co.,

limited,

of london.

raONTUORIERY, ALA.

STREET, NE^T YORK PCmOBAn

New

Managers.

TIES,

(FOR BALING COTTON).
Advances made on Cotton Consignments and Special

JOHN H

$9,260,096
St.,

ALEXANDER,

North

ALSO

BAGGINO AND IRON

1886

Invested and Cash Fire AsseU

on commission.

John

I,

2,057,776 24
3,202,320 41

U. S. Branch Statement Jan.

Advances made on ConsiKnments of Cotton. Con
tracts for Future Delivery of Cotton bought and sold

YORE.

F. HofFmann,
COTTON BROKER AND AGENT

Aasets Jan.

Liverpool; also for Grain and Pro

Henry M. Taber

for

No. 3 Cortlandt

York.

Liverpool.

IT Water Street, I.IVERPOOI,,

<S

ST.,

unpaid losses
and re-insoranoe fund
Netsurplus
Liabilities

Orders for future dellverr of Cotton'executed Id

New Tork and
Special attention given to the purchase

PEAEL

$4,000,000 00

Capital

Bloss,

COMMISSION MERCHANTS
No. 123

Company

OF HARTFORD.

:

Robert Tannahill

Secretary.
Seoretarr.
Seo'y Local Dep't.

BURKE.

Insurance

ORDEE8 FOE FUTURE CONTBAOTS.

Gwathmey

P.

iETNA

Orleans, La.

New York.
Orders executed at the Cotton Excbantres In New
Tork and Liverpool, and advances made on Cntton
and other produce consiKned to us. or to our corresBondents in Liverpool Messrs. L. Rosenheim St
Sons and A. Stern k Co.; in London, Messrs. B.
Newgass A Co.

,910,483 36

Prealdemt.

Vice-PresldenU

GEO. H. FISKEj A sslstant

OOrainiSSION inERCIIANTS,
No. 40

Co.,

ORDERS EXECUTED IN
Office, 196 Broadway, New Yorli City
YORK, CHICAGO, ST, LOUIS, statement of Company 1»( Day of Jan., IBf 6.
ILO""."™ 0«
CASH CAPITAL
LIYERPOOL, HAYRE AND
2.845.048 84
Reserve for unearned premiums
iJ44,473 63
Reserve for unpaid losses
714,11)7 43
Netsurplus
NEW ORLEANS.

Cotton Brokers,

Lehman, Durr &

Co.,

New Orleans, La.

&

Reid

Liberal advances maile on Cotton consignment!.

NEW YORK.

:

Lea McLean, New Orleans.

Lbhman, Stern &

Co.,

STREET,

TriI.I.IAn

1

GRAIN AND PROVISIONS

&

Williams, Black

CO.,

NORFOLK, VA.

Price,

Also orders for

at

FAKRAR &

BDRE,

Pald-Up Capital, B. U. 6,000,000.

COMMISSION MERCHANTS,
8

'

Farrar
Jones,
PEARL STREET, NEW YORK.

Liberal advances made an Cotton consignments.
Special attention given to orders for contracts for
future delivery of Cotton.

Autborized Capital, B. H. 20,000,000.

Henry Hentz

New York.

Manliattan BolldInK,

Bold for Caab, or carried on Margin, on the Tarlous
In

and

40 and 42 Wall Street,

G. E. Staenglen,

COTTON EXCHANGE BVILDINC,

Exohangea

INVE3TMBNT3
COUNTRY BANKERS.

Bethlehem Iron Comp'y

Co.,

COMMISSION MERCHANTS,

I

Hatch.

Personal attention given at the KXCHAN^BS to
the purchase and sale ot STOCKS and BONDS for
cash or on mHrsin.

OF SPINNERS
Offbrsd on Terms to Sun.

NEW

Jf.

BRANCH 0,F.c.s l^i 6?a";elM!rS*/w''HaX-i.

Bpicial Attkittion to Ordibs roB Contbacis
FOB Firruai Delitbrt or Cottok,

&

P. Hatch.

Arthur

NASSAU STREET, NEW YORK.

14

KBW YORK.

R. Macready

1S86.

T. Hatch & Sons,
BANKERS,

W.

MERCHANTS,

COTTON, ALL aRADBS, SUITABLE TO

Benry

Waller T. Hatch,
Nalh'l W. T. Hatch.

Stillman,

LOANS MADB O » ACCEPTABLE SECURITIBS.

14

Hdiscellaneotts.

f£'Ottovu

Post Bailding, 16 & 13 Exchange Place,

August

Offlee,

Got. Pint <£

WiUiam St*., New Tork.