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xmnlt
HUNT'S MEUCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATEa
VOL.
SATURDAY, AUGUST
41.
CONTENTS.
New York Stock Exchange
THE CHRONICLE
ClearlrifrHonse Returns
Tliii Financial Sltiiatlon
East Tt^nnpHsec Virginia
&
Ovoi'itiii.
Coli)iiiz,itioii
SoUemaa— Mada-
gase.ir im.l Z inziliar
Eetunmof tUu B mksof Caniula
for
June 3o, 18s5
Kiiilrond
174
English ffewa
180
Corameroial and Mlgoellaneous
News
182
Eivrnin)?s for Julj-,
1 to July 31.
ami from Jan.
Monetary and
.
Commercial
share transactions cover a mar-
remains $3.')S,768,247 and $269,048,587 respectively in the two
years representing the clearings otherwise arising, or a loss of
3 '8 percent.
170
Week Endlns
Taa CoMMKRciAL AND Financial Chronicle U
New York every Saturday morning.
Entered at the Post OIBce,
New
published in
Sub.scriiitlons will
be continued until definitely ordered to be stopped.
cannot be responsible tor remittances unless made by
Drafts or Po4t Oltiee Monov Orders.
neat aie cover is furuished at .50 cents; postage on the same Is 18
cents. Volumes bound for subscribers at $1 00.
Offlcca In Kngland.
The oflice of the Commkrcial and Financial CriROsiCLK In London
is wltli .Mes.-trs. Kdwauds & Smith, 1 Drapers' Gardens, E.
where sul)sprlpuons and advertisimeuts will be taken at the regular rates, and
Bingle copies of the p lyter supplied at Is. each.
TneoiUcc of the Ciikonicle In Liverpool is at B 15, Exchange Buildings
A
C
WILLI VM B D\yA
)
f
)
*
^"^"'^*-*^™
©VXA & Co., PnbIUIier»,'
'** * 8^ William Street, NfeW YOUK.
Post Office Box 958.
—On page
176 will be found the detaHed returns of the
Binks of the Dominion of Canada for June 30, furnished us
by the Deputy Minister of Finance, Mr. J. M. Courtney. The
returns for Dec. 31, 1S81, were published in the Chronicle of
Jan. 31, 1835, on page 139 and tliose for June 30, 1884, in the
issue of
$500,0^9,587
-21-6
$530,001,488
{Stocks.. ..shiirts.)
(1,144,593)
(1,874,028)
(290,100)
(408,100)
(83,569.000)
(28,436,000)
(Petroleum..bbls.)
(39,220,000)
(70,884,000)
(-SS-9)
(-41-5)
(-10-8)
(-50-9)
(1,992.063)
(Cotton
bales.)
(Grain. .bitstuW)
$49,330,878
3,332,400
1,444,757
$52,709,'
—
.
Boston
ProTidence......
Hartford
3,634,500
Aug.
2, 1884,
on page
113.
New Haven
867,415
Worcester
674,390'
Springfield
776.912
340,147
Lowell
'^
638,1
464,140
(38,164,000)
(78,836,000)
~«-4
$55,701,301
-8-3
-8-7
-83-8
3,561,700
1,236,374
-107
-0-0
+21-6
-26-7
748.374
713,837
620,101
287,060
(-18-B;
(+31-4)
(+14-5)
(-88-9)
'+8-3
+8-7
-6-7
-9-«
-6-9
+6-1
966,66()
-fS'S
-81-*
$57,641,030
$81,818,400
-8-7
$63,833,517
+2-1
$44,128,041
-10-2
-336
10,602,018
-30
9,499,964
-4-7
-8-4
-18-4
$55,738,473
Total Middle...
Chloaxo
8,705,964
$40,285,742
6,888,803
$63,496,023
-12-2
$56,672,509
~-7S
$38,028,501
Pittsburg
Baltimore
-4-6
$38,403,152
-63
7,294,.300
+1V6
2,721,783
+12-4
-4-6
-0-8
2,556,610
+5-3
-10-0
-20-8
+5-3
+8-1
+16-8
—18-7
Cincinnati
8,133,450
Uilwaukee
3,230,687
Detroit
tadlanapollB
2,389,610
$39,887,750
8.593,100
2,800,089
2,660,487
1,198,788
1,258.013
1,895.335
1,208,223
2,101,141
1,371,046
007,301
785,822
-151
1,129,390
587,844
$57,346,883
$39,531,178
-3-7
$53,804,937
$14,923,783
733,178
3,874,131
4,332,124
$15,004,800
645,818
-0-5
+18-6
-9-5
$12,608,!>54
+S-S
608.105
3.363,370
-(-«6-7
-f23-9
3,808,181
8,806,811
040.085
+13-7
+24-4
$29,728,460
$28,470,585
+4-4
$21,167,498
-1-9
$10,557,121
$9,977,513
+5'8
$10,979,253
+1-8
Cleveland
C^olumbus
Peoria
,
Total Weatem...
St.
LouU
St.
Joseph
New
CLEARING HOUSE RETURNS.
971,353
674,690
(334,000)
$39,833,892
6,816,503
10,289,078
Total N. England
Philadelphia...,
Orleans
Louisville
Kansas City
4,280,209
3,412,128
5,0^7.0181
Memphis
List S iturday, being set apart for the obsequies of General Grant, was made a legal holiday in some of the
States, and in consequence at most of the more importan.
cities, notably New York, Boston, Philadelphia, Pittsburg
Chicago and San Francisco, the exchanges cover only five
days. Oft this account mainly, though not solely, the exhibit
this wecjc is not so satisfactory as in preceding weeks.
The
most pronounced decline is shown at New York, for after
making fair allowance for a sixth day there would still seem
to be a falling off from August 1 of somewhere about $50,000,000; this loss can no doubt in great measure, if not wholly, be
accounted for by the unusual interest, serving to check bu.sinesss operations, manifested on all sides in the preparations
for the funeral day.
Nineteen cities record gains over the week ending August 1,
and for many of these cities the figures embrace only five
days. This would seem to indicate, therefore, that, although
the present total is some ?;135,000,000 less than last week, and
1,581,767
1,138,112
874,3331
Portland
jonso /loid
1
p»ra«t
1885.
$392,424,847
New York
York, N. Y., as second class mall matter.]
Chkonici-k.
pnlilisliers
Per Cent.
Sale of—
Terms of Subscription— Payable in Adrance
For One Vear (including postage)
SIO 20
For Six Months
do
6 10
Annual 8Ub.icriptlon In Loudon (inoludingp'ostage)".'.".'.'.'. £2 7s,
81.^ M()8.
do
do
do
*l8a.
Those prices include the Investors' Suitlement, issued once in two
niontlis, and furnished without extra charge to subscriber* of the
The
Week Ending Aug.
Atto^tst 8.
1884.
1885.
I
1,051.
ket value of $66,828,000 against $115,505,000 for the corresponding week in 1881. Pursuing our usual method of deduct177 ing double these values from the New York exoh.inges, there
171
172
175
NO.
15, 1885.
4,457,745;
788,252'
1,061,031
1,870,817
—is-a
-an
+0-7
—14-1
+8-2
-16-0
+18-1
680,475
'
8sn Francisco
Total
$723,347,288
$21l,00»,9rj
$223,288,0!
— 18-6
—5-3
$739, 259,19
I
$209,257,702!
At New York, however, an iimproveIn comparison with 1834 there is an
excess in the whole country of 10 2 par cent, and outside of
figures of last Friday.
ment
is
exhibited.
New York
the increase reaches 9 '2 per cent.
Five Dai/s EndltiQ Aug. 14.
1885.
New York
SaUs of Stock
Boston
1884.
Philadelphia..
PerCsnt
1885.
^^
(976,1001
(-8»-»)
+20-8
4«-8
-13-0
48,330,«76
3*,633,808
-10'»
+ 18-9
3a020,000
-0-6
-11-8
18,880,38)1
$518,346,981
47,»4e.»l8
+10-6
+5-7
$643,996,654
$623.»<9.a80l
$BeB,89S.8IMl
+WS
$&'W,7B\1«S1
$199.3<l0,7<t3
$182.5»i,Ul)0i
49
» 11)4.371 ,704
$aS3,0U,107
(1,560,873)
(1,237,4!«)
•51,700,000
.
Baltimore
Chicago
St. Lonis
Atiig. 7.
$303,424,217
$483,998,517
(slu.)
Per Cent.
S jyysEnd'g
86,113,582
7,530,5701
36,650.000
11,608,563
8,937,126
45,273.309
33,181,557
8,676.3«4|
32,187,000
19,731,070
S,300,8»ti
+10-7
(+86-1)
-«•
8.633,860
+13-8
-«-l
+8-7
8,674,884
is
an excess over the preceding
$3,000,000.
New York
The returns of exchanges for the five days as received by
telegraph indicate some falling off at most points from the
that, notwitlistanding the partial holiday this year, the returns
exhibit
$003.431.220)
all
Outside
below that for the full week of last year,
Now Orleans...
a favorable one. The same fact becomes
Total
when New York is excluded, for then we see Balance, Country
falls $119,913,066
the statement
more apparent
Total Southern..
full
Total
week of nearly
Outside
all
New York
$573,458,348
*(),930,988
»
*
Estimated on the basis o{ the
last
weekly return
48,790,297'
-8'«
—4-0
-8-0
1
-h4-9
THE CHRONICLK
172
[Vol. XLI.
state these facts as evidence so far as they
m
THE FINANCIAL SITUATION.
A
slightly
improved demand for money and a
trifle
have ruled this week. Bankers' balances
per cent, sometimes at 2 and rarely at
loaned freely at
an average of a little
], the bulk of business being done at
better
rates
H
may
progress which
may
or
brought within
until all trades are
go of a change
not develop and extend
its
influence.
A very encouraging
and promising feature is the crop
report of the Agricultural Department issued this week.
It more than confirms all we have said from week to
week with regard to both cotton and corn.
cotton
A
than If per cent. The banks are indisposed to discount paper of long date and such is the inquiry for short crop of 7i million bales (If millions more than the last
notes and the supply is so light that but httle better than one) would seem from the report to be the outlook on the
As to the condition of corn the indications
3 per cent can be obtained for 60 to 90 days' trade bills. first of August.
less
The unusually large expansion of loans, according to the
bank statement of last week, following a considerable
are
that,
"
with
" temperature
and favorable
be a yield " of 26 to
moisture
seasonable
hereafter" there
will
Last year the yield was 26
same item the previous week, excited sur- " 27 bushels per acre."
bushels per acre.
Hence as the acreage is 6 per cent
prise, though the increase was undoubtedly due to Stock
larger than in 1884 the promise now is that the yield will
Exchange demands, as those institutions which showed
the largest increase are generally recognized as brokers' be at least 100 million bushels greater than then and perhaps
decline in the
The highest point loans reached in 1884 was 175 millions. It is within therangeof possibilities therefore
on March 15 when they were reported at $351,087,200, than the corn crop may reach this year very close on to the
but the total holdings of specie and legal tenders wonderful total of two thousand million bushels. The
then were only about 94 millions, against about 158 condition of corn this August compared with the same
month of other seasons is as follows. We have compiled
millions now.
Foreign exchange has been firm this week in sympathy the figures for previous years from the Department reports
with the further advance for money in the open market for the years named.
The early part of the week the cable gave
at London.
CONDITION OP CORN ON AUGUST 1.
the discount rates for 60 days to 3 months bank bills as
.SfntM.
1885. 1884 1888. 1882. 1881. 1880. 1879. 1878. 1877.
percent, but later 1|@1^ per cent was reported;
firm at
8303
Illinois
94
8S
59
78
94
104
87
and as the Bank return for this week shows a gain of Iowa
101
103
8ft
85
70
80
106
103
104
89
83
95
95
92
102
01
79
115
over £662,000 and as the fortnightly settlement is now
banks.
H
easier
over, a little
rate
On Thursday morning there was an advance
exchange market of ^ cent, but in view of the facts Mlchtgan
in our
stated it was hardly justified, and resulted in a decrease Kentucky
of demand which caused bankers to offer liberal concesNew York
Commercial bills are still scarce owing to the light
sions.
Average United
9S
90
87
time being.
movement
of
staples,
90
91
07
95
81
89
08
80
97
99
90
06
90
89
90
95
100
96
92
seems likely to prevail for the
101
94
103
81
98
99
101
States.
01
103
100
114
86
103
102
96
106
99
102
100
83
85
74
79
92
77
91
64
69
88
84
89
96
91
89
88
107
~83
77
98
93
96
110
100
00
We
not large nor such as to indicate drafts against credits or
Hence
until the
movement
of
it,
spring wheat
"the
that
"indicates a reduction in the yield of 6
commercial exchange, the variations in the London money
market will be closely watched by bankers here.
"
General business has developed a
little
new
life
the past
week, and the better conditions that have prevailed for a
month or more have svidently made progress in some deThis is especially true of the dry goods trade,
partments.
buyers showing increased confidence in making purchases,
prices of staple cotton goods having at length a tendency
upward. Of course it will be claimed that this is only a
result of restricted production and of a consequent decrease
in stocks of goods, and that it will all be changed as soon
No one will disas the mills start up on full time again.
part of this assertion; but the decreased pro-
duction was already a fact and has been paraded as a sign
of the
then,
extreme depression.
that
goods has
It
is
hear any more, for the present at
condition
satisfactory to
know
under this process the outturn of
below the distribution; so we shall not
finally
fallen
04
96
9»
loa-
IDS
92
should add, to complete the situation as the Depart-
ment presents
cotton becomes liberal so as to supply an abundance of
first
113
while the drawings by bankers are
recently negotiated loans.
pute the
99
00
94
90
107
93
118
94
98
95
95
86
90
78
08
77
78
financially
of
our
least, of
cotton
the unsafe
manufacturing
from the
oats,
condition
million bushels
of July promise,' but that all other crops,,
first
rye, barley, tobacco,
been at that date in
are
&;c.,
represented to have
a very favorable and hopeful
Since then local storms of great severity, doing
the spring-wheat
press,
district,
are
state.
harm
in
reported by the associated
but otherwise the outlook has undergone no material
change.
Another satisfactory feature
Messrs.
situation.
notice this
week
August 25 the
has
made with
the improving railroad
&
Co.
have given
Tuesday
that with the close of business on
offer
share
Railroad to
is
Morgan
Drexel,
the
to bondholders of the
in
the
benefit of
New York
West
Shore-
contract
the
it
Central will terminate
;
and since the issue of that notice, the Lent and Taylor
bond committees have advised holders who were acting
All this indicates
with them to accept the terms offered.
a practically unanimous concurrence on the part of the
bondholders in the terms proposed, which will no doubt
be followed by completed arrangements with all other
The
establishments and of the embarrassed institutions that.have
parties interested
discounted their paper,
developments of the week also tend to widen rather than
to contract the influence and operation of the convention
off,
or are working
off,
since
if
the mills have worked
their old accumulations, they
must
evidently have relieved those financial concerns that were
and a speedy amicable foreclosure.
New York
entered into between the
now
carrying them, and be less urgent hereafter than they were
for bank accommodation.
Furthermore, this decrease in
sylvania.
stocks of goods has been
Central and Penn-
&
Ohio might
ident Roberts of the Pennsylvania
It
be a party to
seems
it.
as
if
the Baltimore
Certainly the indications are that Presi-
diate and positive wants of the communities they represent.
is determined to have
under the principle which
underlies that contract, of no more parallel roads. Should
this be avoided by satisfactory concessions to the Baltimore
We
&
accomplished, not through any
speculative demand, but with
tive
buyers in a very conserva-
mood, taking goods only to supply the more imme-
do not mean
business revival
is
to
be understood as implying that
universal and positive, but
we simply
peace
if
it
can
be secured
Ohio, which seems now not at all unlikely, there would
be good prospects of such an effective and Ustiug arrange-
AUOCBT
THE CHRONICLE.
15, 1888.1
ment between
173
—
would not only ^ive • cbancea of future development that is, after $4,000,000
sto<;ks never before of
new first preferred and $4,000,000 of new
enjoyed, but also have such a moral oflect on other sec- second preferred stock, not to speak of the new
tions as to enforce in some measure adjustments elsewhere. bonds issued (all on 125 miles of road), have been
Perhaps this idea is a little too suggestive of a railroad mil- provided for
In other words, the present purchaser
lennium to give it the air of probability; and yet it is (lir(>ctly is giving for his stock ISJ (that is 10 timet IJ),
the trunk
as
lines
peniianency to the value of trunk line
!
in accord with the spirit
ment between
if
not with the letter of the agree-
Messrs. ^'anderbilt,
Morgan and
and
Robert.s,
and for that
he pays the reorganization committee $10
per cent on the old stock) he will receive
if
additional (or
1
furthermore it is certain that capitalists at home and one share of new stock entitled to the chances aforesaid
abroad need some such radical action before confidence in This is, of course, a conspicuous instance of reckless
!
American railroad investments can be fully restored.
buying, but there have been others not much better which
In the same direction of improving railroad prospects, we have not space to refer to now.
are the earnings which have been of late reported.
Union Pacific, whose figures of gross and net earnings
Our
compilation for June was promising, but today we pre- for June and the half year we commented on last week,
sent our July review which is under the circumstances has this week through President Adams issued a detailed
very satisfactory.
July has always been a month of large statement of the doings of the half year, and also data
bearing upon the company's financial condition floating
But this year with very little winter wheat moving, the debt, &c. As the first six months constitute by far the
—
earnings, the winter wheat crop contributing to that end.
total for sixty
si.K
roads
is
only a
trifle
under the large
total
same month of last year. These results conform
to the monthly figures of clearings which we gave last
week, and to the improving business outlook which we
have reported from time to time during the month. And
for the
yet notwithstanding
life
to a general
all this,
the endeavor just
us to be ill-timed and without warrant.
the
for
West Shore
an
affair was, as
appreciation
to
railroad
cause for distrust in
in these facts
of
nor
A
settlement of
trunk
line
in
the general
We
of
it
the
shaping themselves as to make
was
encouraging
as this
exhibit, but the fact remains that
it
offers
whatever of the results for a full year.
was made clear in 1884 when the first
no
criterion
Indeed, this
six months,
meeting the half-year's
proportion of the fixed requirements, but the whole year,
as in the present year, fell short of
deficit
experience a good year in 1886.
its
possible that
worst phase, and although we
no
meantime,
Still,
feel
relief will
was
discovered
that
the
property bad prospects. The main line and Columbus
branch, the only parts of the system that seem to earn
anything above operating expenses, were sold some time
ago, have since been re-organized into a new company
and passed into the hands of the Hocking \'alley people,
and the Ohio Central stock has of course lost all claim
on that section of the line. There remains the Kiver
Division, about 125 miles of road, and to get hold of that
stockholders have to pay a cash assessment of one per
cent, and surrender 90 per cent of the face of their stock
(receiving just 10 per cent of their first holdmgs), and
thus, and to that extent, they secure a share in the
it
the circumstances.
so
possible that our indus-
which has marked the operations of the stock market this
week. It has been a kind of carnival for low-priced
properties of every description and degree of merit. Take
as illustration the old Ohio Central which, two months
ago, those who had been so unfortunate as to be left with
some of it on their hands were glad enough to dispose of
at one eighth of one per cent.
This week, with the development of the speculative feeling which led everybody to
want something low-priced and 'cheap," the stock suddenly became active and advanced to 1^, with apparently quite a
good
many buyers. Very likely,
the
its charges in full, and that the net floating debt
has increased about half a million dollars since the 1st
of January.
All sorts of deductions are made from this
now
it
encourage operations in unsubstantial properties.
These suggestions have been provoked by the peculiarity
in
earned
It is $427,121 this year, against $317,246 in 1884, an increase of $109,875. But in 1884 the
be granted. So long
uncertainty remains, the banks will hardly dare to
it is
the
company has not
of
situation
does not seem probable that early action can be secured,
and
the
welcome every evidence
great confidence that good sense will prevail in Congress,
it
not surprising that
is
that
also of
silver coinage is not suspended, business depression has
by no means seen
it
show
conditions
reviving business, and think the conditions are
trial interests will
which
securities,
returns for this period
when completed, showed a large surplus for the stock.
some The deficit for the six months of 188.5 is somewhat greater
property in general as removing a than in the corresponding six months of the previous year,
such property. But there is nothing but not so much so as might have been expected under
speculative confidence.
if
to give
we have shown, good ground
had been depressed by reason
which that settlement removed, and
benefit
now
speculation in stock properties seems to
poorest half of the year,
occurred notwithstanding the receipt of $400,000
from the proceeds of Kansas
Pacific land sales, while this
year these proceeds are not embraced at
all
(having been
applied to the reduction of the debt), and instead of $400,-
000 only $75,840 (representing the income on the investments held in the trust) are now counted in, so that this
involved a loss of income to the
whereas the increase
in
the deficit
company of $324,160,
we have seen is only
Of course there have been changes
$109,875.
in other
items to counterbalance the loss from the Kansas Pacific
land
but
sales,
it
not necessary to specify these
is
particularly than to say that
of
more
one of the principal sources
gain has been in the item of " income from outside
'•investments," which
$385,758 in 1885 and
stands at
stood at $149,164 in 1884.
Not unnaturally, Mr. Adams also presents the accounts
months ended June 30, covering the year
for the twelve
since
which he has been
in control of the property.
a very creditable showing he
item
of debt
liabilities
been
alone.
Here the net amount of current
allowing for available cash offsets) has
(after
reduced
And
Take the
able to make.
is
from
$4,704,791 on July
1,
on July
$7,816,882
1885, or
1,
$3,112,091.
1884,
to
In the same
time the funded debt has been decreased $2,067,048, so
term of office the new administration
that during their
have succeeded in diihinishing
company no
the obligations of
the
than $5,179, 139. This shows at once the
the property and the able way in which thby
resources of
have been managed. As respects the income of the road
less
during the twelve month, figures are given reporting a
surplus above interest, sinking funds, government require-
ment, &c., of $2,966,514, which would be 4-87 per cent
have but one criticism to
on the company's stock.
We
make upon
of the
this statement,
and that
Government requirement
amount
The man-
relates to the
for the year.
THE CHRONICLE.
174
agement
appear
would
to
have
strictly
[Vol. XLI.
Consisting
followed
Date.
Duiiet.
of—
U.S.
Qold.
amount of the requirement was only $1,134,396, whereas
in the same period the Government paid out $2,012,371
In other words, the allowance
as interest on the debt.
LUg.
"
$877,975 short of meeting the interest, and in that
amount the debt due at maturity of the bonds has been
"With a continuance of such increase it is easy
increased.
"
7
fell
11.
must soon reach a serious phase. We
have repeatedly maintained that whether the company
makes provision for meeting the principal of the debt, or
$60,000
218,000
340.000
232,000
307.000
85.000
96.000
90,000
53,000
$23,000 $1,326,000 $1,195,000
95
34
01
92
562,733
922,113
591,385
654,978
12
13
Total.
tiflcates.
$108,000
$384,000
. .
10
"
"
Oertifle's-
$2,000 $132,000
Holi (lay
253.000
6,000
6.000
478,000
171.000
7,000
292,000
2,000
$302,382 61
8
"
Silver Oer-
Notes.
the law in calculating that requirement, but the earnings
of the subsidized lines have so far declined that the total
Gold
53,033,593 S3
to see that matters
the large
East Tennessee
accrued interest unpaid, it should
that no further accumulation of the
amount
certainly see
HAST TENNESSEE VIRGINIA
of
to it
&
"\'irginia
GEORGIA.
d-
Georgia has this W£ek issued
return of gross and net earnings for the month of June.
The exhibit is unfavorable, though much less so than in
As June closes the company's
the months preceding.
its
If the bonds were its own, the interest
taken care of each year, and there is no fiscal year it will be interesting to see the results for the
would have to be
reason why a difierent course should be pursued with year, and to examine them in the light of the funding
reference to the Government bonds (simply because the scheme arranged for the approval of bondholders last
law sanctions it) and no reason why allowance for the January. The securities of the road have latterly been
interest in full should not be made in the year's accounts. very strong, and the Ist consols have sold up to 56^
Deducting said interest, the surplus would be $2,088,539 this week (against 44 a short time ago). The course
debt takes place.
(instead of $2,966,514), equal to 3-43 percent on the stock,
which however
The
of confidence in the
following
statement,
made
the
by
ments of gold and currency by the
us,
exhibits
up
road's
New York
banks dur-
The wisdom
The
evident.
Week ending Aiigust 14,
N. T. Banks. N. T. Banks.
1714.000
$473,000
Glain..
and leffal tenders.
$473,000
Gain..
pursued
is
now
clearly
the road was simply this
its
;
its
charges were in excess of
and large sums were needed for renewals, betterments and improvements, with no way of getting the
means except through the use of current earnings. It
was shown that against the $1,699,925 net earnings in
$841,000
Qold
(fold
of
earnings,
$241,000
$714,000
Currency..
course
of the
position
earnings were decreasing,
Net Interior
Movement,
Shipped by
Received by
1885.
helped by a growth
management, such as would be pro-
from returns duced by a straightforward policy of dealing with the
and shipcreditors, like that adopted in January.
receipts
ing the week.
Total
may have been
ment, but the rise
stances.
collected
favored the upward move-
of the general market has
not a bad showing under the circum-
is
bank hold- the previous fiscal year, the present requirement for
movement to and interest alone (on the funded debt and on the car trusts
from the interior. In addition to that movement the banks was $1,476,506, besides which there were sinking fund
have lost $1,500,000 through the operations of the Sab- payments on the car trusts and debentures to amount of
Treasury. Adding that item to the above, we have the fol- $280,954 more, making the total annual charge $1,757,460.
lowing, which should indicate the total loss to the New Then there was $49,618 required for taxes (on the basis
York Clearing House banks of gold and currency for of the 1883-4 operations), raising the amount to over
the week covered by the bank statement to be issued $1,800,000.
even on
a
deficit,
Here, then,
was
The above shows the
actual changes in the
ings of gold and currency caused by this
to-day.
Week eneUno A-ugusl
Into Hanks.
14, 188B.
Banks' Interior Movement, as above
Total Kold and legal tenders
The Bank
large
earnings
Out of Banks.
t714.00«
4,400,000
$5,114,000
$473,000
5,900,000
$8,373,000
earnings
Net Change in
Bank Holding.
Gain.
Loss.
were
it
those
as
showing
was not deemed
of
1883-4.
considerable
But current
and
diminution,
safe to estimate the net higher than
deficit would reach
payments made in full, and
then there would be no provision for the needed improveObviously, therefore, there was nothing to do
ments.
except to ask the indulgence of junior bondholders and
unsecured creditors in the way proposed. That the management did not take a less sanguine view of the situation
$341,000
]
as
$1,400,000
,,100,000
1884-85, so that the
for
over $400,000, supposing
Loss. $1,259,000
England reports a gain of £662,103 buUion
This represents £85,000 received from
abroad and £577,103 from the interior. The Bank of
France shows an increase of 697,000 francs gold and
5,724,000 francs silver, and the Bank of Germany lost
2,083,000 marks since the last report.
The following
indicates the amount of bullion in the principal European banks this week and at the corresponding date
of
during the week.
all
than was warranted, is evidenced now in the report of only
$1,288,343 net earnings for the year, against the $1,400,-
000 fixed as a minimum.
The following
table
shows the
gross and net earnings for four years.
last year.
East Tennessee Va.
August 13, 1885.
Bold.
Silver.
A
|
& Go.
August 14, 1884.
eold.
1S81-8.
1882-3.
1883-4.
1884-5.
$3,145,483
2,031,127
Silver.
a,
It is
$4,173,2ia
2,473,337
2,733,224
$1,094,855
Net revenue
$3,770,754
2,383,702
$4,021,667
$1,393,052
$1,699,926
$1,288,343
probable that the expenses here for 1884-5 are stated
Bank of England
Bank of France
Bank of Oermany
26,506.193
23,442,672
46,419,955 43.578,371 42,025,695 40,838,202
7,448,625 22,345,875 7,601,500 22,804,500
too heavy
Total tUs week
lotal prevloas week
80,374.778 85,924,246 73,069,867 63,642,702
79,711,236 63,774,642 73,172,904 63,537,420
ditures that are really in
— that
is,
that no decided
line
has been drawn
and expenand
.. ..
the latter have been included
improvements, so that some of
The Assay Office paid $250,181 through the Sub-Treasury in the former. The road being in the hands o^a receiver,
during the week for domestic bullion, and the Assist- and earnings employed for both purposes, that would be
ant Treasurer received the following from the Custom not at all unnatural. Besides, it was stated that the property
between operating expenses properly
House.
,
could be operated
so-called,
the nature of betterments
for less than 60
per cent, whereas the
August
THE CHRONICLE.
15, 188S.]
above Qgures make the
$340,425
la
70
ratio nearer
per cent.
Still,
reported as having been sp<mt directly for hot-
termonts during the year, leaving at
least
the inference
that these have boon separately treated.
Accepting the not then just as given, let us see what
company would bo on that basis un^lor
the position of the
the funding scheme
sols
net
if
carried out in
full.
The
1st
con-
fund coupons for two years, involving a saving out of
of 1(733,700 per year.
earnings
The Cincinnati &
The
176
however,
no one
any doubt that th«
the more solid and
conservative elements in France.
And during the present
week we have had the announcement that the Germans,
who have lately established themselves on the mainland
of Africa a little to the north of Madagascar, have got into
difficulty with the Sultan of Zanzibar, whose territory,
according to the Sultan's charge, they have invaded and
result,
left
expansion policy commends
itself
in
to
occupied.
The island of Madagascar, on the subjugation of which
Then the interest on the debentures the French seem to have resolved, is larger in extent
is also extended for two years, involving $72,000 per than the British Isles, is distant from the Mozambique
annum. Besides this, the payments on account of the prin- coast, which belongs to the Portuguese, only 120 miles, has
cipal of the debentures are likewise extended, reducing some large and exceedingly fertile plateaus, is traversed
Finally, the sinking by some large rivers which, as they approach the sea, open
the charge per year $120,000 more.
payments on the car trust certificates of series "A' into large estuarie?, and boasts of a population of nearly
fund
are deferred, still further reducing the charges by $100," three millions.
How much Madagascar would add to
000 per year. Taken altogether, the yearly reduction French wealth is a doubtful question. But it is for many
in this way would be $1,145,700, but we may knock ofT reasons a desirable island; and its possession would
Georgia
firsts
$120,000
i^er
are to fund for
an equal period, involving
annum.
$100,000 of this for interest on the funded-coupon bonds to undoubtedly be an important acquisition of territory.
be issued to the holders of 1st consols and Cincinnati & Zanzibar, on the other hand, which, as we have said, is on
Georgia Ists for the coupons surrendered by them under the the mainland, and a little to the north, is not yet so well
funding plan. Thus the net saving to the company known as Madagascar but the uplands, which are extenwould be about $1,045,000. Deducting this from the sive, are believed to consist of broad and fertile plateaus.
$1,757,400 of charges reported, would leave an obligatory Those portions which it is said the Germans have seized
;
payment per year
of only, say, $712,000.
$50,000 for taxes, and the
As
$762,000.
total
Add
on about form a territory
yearly requirement
is
the net earnings in 1884-85 were $1,288,-
as large as that of the
The country
sia.
actual value
is
is
kingdom
of
Prus-
rich both in fauna and flora, but
doubtful; and
it
is
its
feared that the climate
000, there would remain to the company on that basis will prove destructive to Europeans.
The one important
$520,000 per year for two years to devote to betterments, fact to note in this connection is that should i'Vance
which is but little below the estimate of the requirements succeed in conquering the Hovas, and in bringing Madafor that purpose during 1885 and 1880.
"With this help gascar completely under her authority, and should Grerfrom its creditors, therefore, and with an excellent outlook many succeed in holding on to those portions of Zanzibar,
t"ue current
season, the East the two great European neighbors and rivals who have so
Tennessee property would seem to have a fair prospect of long watched each other on the opposite banks of the
for a large yield of cotton
working out of
Rhine, will have become neighbors and rivals again on the
its difficulties.
east
COLONIZATION
SCHEMES
AND
From
—
African coast,
and
in
the
waters of the Indian
Ocean.
MADAGASCAR
ZANZIBAR.
Serious
either
questions have
Power
been raised as to the right of
to the claims set forth.
There seems
to be
commencement there has been some- no reason to doubt that this so called German invasion
thing amusing, almost ridiculous, in the symptoms of the and occupation of Zanzibar is a case of pure filibustering.
colonization fever which both France and Germany have A party of roving Germans, imbued with Bismarck's
recently manifested.
But the later manifestations are not spirit, land on the coast, proceed to the interior, make
the least curious.
"VVe have seen France and Germany friends of some chiefs, obtain concessions of land, and then
vieing with each other on the west coast of Africa, and both in the name of Emperor "William, raise the German flag.
of them giving great annoyance to England.
Later we The Sultan of Zanzibar, who claims lordship over all those
have seen similar demonstrations by the same powers lands, is indignant, and appeals to England. France, as
with similar results, in the far southeastern seas and has been recently made abundantly plain, by the investiamong the islands of Polynesia, not to mention what the gations of Captain S. Pasfield Oliver investigations
the very
—
—
French have been doing in Tonquin and in Chinese waters made on the island and since published has as little
generally.
It is by no means certain that either France right on the soil of
Madagascar as the Germans
or Germany has greatly benefitted by these colonization have on that of Zanzibar.
According to these investioutbursts, and by the annexations in which they have gations, the conduct of France toward the Hovas of late
resulted.
It is quite clear, however, that the spirit of has been as unprincipled as it has been high-handed*
which they are the outcome is still alive, and apparently Captain Oliver shows that in 1801, 1868, and as late as
it is in both nations as forceful as ever.
French
themselves recognized the Hova
1881, the
It is somewhat singular that we should find France and sovereign as supreme over the whole island, and that
Germany both at the present moment busy with annexa- although the sovereign and his advisers have done everytion and colonization schemes in the waters and along the thing in their power to make amends for the wrong that
coaet of Eastern and Southeastern Africa.
It was only was done by the murder of the master of the boat Show
-the other day, after an unusually protracted and stormy Toale
the origin of the present trouble the French have
debate, that the French Ministers obtained the consent of refused to be satisfied, have become more imreasonable in
—
—
Chamber of Deputies to a credit of 12,000,000 of francs their demands, and have finally resolved
them to prosecute the war against the Hovas in gascar their own.
Madagascar. The debate showed that France is not a
With Madagascar England has more
the
to
make Mada-
to enable
unit in favor of colonial expansion, and that
in particular
which has
are
latterly
the Radicals
than she has with Zanzibar.
direct interests
Since the time of the war
opposed to the foreign policy with France in the early part of this century, her influence
found favor at the hands of Ministers. has been dominant. By English missionaries the entire
bitterly
THE CHRONICLE.
176
family included, were brought over to the French and Germans rivals in the same regions ? If
the missionaries were driven forth France must have Madagascar, the presumption is that
people, the royal
When
Christianity.
XLl
[Vol.
.
Mr. Gladstone refused to fight. He contented himself
with asking an indemnity for Missionary .Shaw and his
Will England make any attempt now to hinder
friends.
the French invasion ? As yet we have heard nothing
British statesmen will be quite willing that as a neutraliz-
ing force
Germany should have
Besides, with
Zanzibar.
the one and the other thus occupied,
not reasonable
is it
for them to conclude that they are less likely to be disfrom agree- turbed in their management of the afEairs of Eg3rpt ?
of all this greed,
able to England to see France dominant in Mada- It will be well if, as the result
gascar.
She is asked at the present moment to ambition and jealousy, the area of civilization shall be
Much now depends on the compatability
interpose her good offices and
save the prop- widened.
to
erty of the Sultan of Zanzibar.
Will she pronounce of the East African climate and the races of Central
against the Germans ? Is it not to her interest to have Europe.
any
of,
such
Yet
intention.
it
far
is
I
'
RETURNS OF THE BANKS OF THE DOMINION OB CANADA FOR JUNE
ASSETS
LIABILITIES.
NAME OF BAXK.
CapiVl Rea'ne Sole,
Pali
OOOs omitted.
Up.
Ontario.
Bank of Toronto.
..
Can. Bk. of Com'rce
Dominion Bank
Ontario Bank
Standard Bank
Federal Bank
..
Imperial Bk. of Can
Bank of Hamilton..
Bank
. .
Quebec,
of Montreal..
•Bk. of Brit.No.Am.
Banquo du
Peuple..
Ban. Jacq ues-CartI er
Banque Vllle Marie.
Banque d'H'chelaga
tKich'ge Bk.of Can
Molson'a Bank
Merchants' Bank....
Banque Nationalc.
Quebec Bank
Dnion Bank
Banque de St. Jean.
Ban.de St.Hy'cntbe
East. Townships Bk
Total Quebec
1.
1
3.000
6,000
1,500
1,600
804
1,250
1,500
999
1,0C0
239
198
322
2.
"^"'
(
966
2,381
898
1.069
452
655
814
801
4.
3.
t
t
48
213
182
45
131
75
171
29
70
4,838
10,401
4,964
4,047
3,292
2.332
3,838
1,715
6.
*
7.
*
Total
t
8.899
21,470
1
8,811
7,381
3,900
4,613
6,614
4,020
3.4C9
889
783
1,569.
82
35
23
10
72,278
1,880
3,284
3,191
2,894
44.986
13,273
2,227
2.K54
471
3.383|
1,T84
1,809
1,740
89
508
87
25
22
35
1,209
831
84
16
1
79
5
3
122
38
203
938
13.000
4,867
6,000
1,055
3,956
780
104
217
70
45
904
18
12
84
Nil.
5,908
949
317
226
395
16.204
3,589
1.80C
500
464
710
1,357
6
3.000
5.725
2,000
2.500
2,000
827
263
1,450
600
1.S75
68
1,009
32
145
395
75
625
57
16
ISS
194
4,799
8,018
1,594
4,290
1,575
133
428
1.884
7,047
47,453
....
11
472
825
Nil.
10
35
875
9,985 13,860
2
t
361
926
Nil.
14.
13.
%
108
112
37,318
2,890
787
689
606
135
158
887
13.
1
1,591
419
355
1
667
445
483
2
4
2
6
27
128
t
548
808
368
381
214
195
438
115
92
11
12
8
19,569
4,453
347
427
118
....
9,871'
"n
300
694
316
338
198
288
475
115
181
112
60
105
139
1,698
28
37
66
220
518
140
218
118
94
299
93
97
208
106
85
180
631
350
775
778
due
Seeuri
tlii&
AU
452
82
13.
16.
17.
$
$
*
9
405
57
6
680
628
116
186
365
212
8
23.113
57
3
D
62
14
38,088
972
3,453
176
73.94S
3,844
905
28
16
18
69
SS.SOI
400
37
689
789
93
691
43,621
10.826
6
240
818
12
3.405
1,801
1,405
1.776
249
528
84
27
'^
187
43
7i
7.755
2,775
818
789
1,323
209
110
4(1
4
25
72
18
20
b
12
171
207
42
107
S73
126
7,603
128
13.986
87(<
197
438
413
65
77
258
890
336
344
301
81
32
94
28
10
17
221
137
208
5,714
4,146
6,144
89,050
2.701
4,436
am
848
808
169
118
73
3.452'
82
10
35
40
571
183
3,148;
82
36
886
2
28
23
8
4,'J88
83
4
10
10
14
607
885
4,618
111
1,745
219
62 118,677
3,880
281
171
880
138
9
34
88
t
9,063
8,927
7.489
3.953
4,678
6.88S
4.080
3,514
903
783
1,575
61
5;
246
30
23
212
81
Total
AsstU.
18.
70
1,334
3.294
6.669
3.443
389
705
3,692
185
7,971
29
4
Over-
Other
For*gn IndividBeat
Debts.
AsseU.
Notai. [Aomc's ats, &c.
Estate.
and
7
24
129
123
914
1,701
11.
10.
9.
2
9,300
431
iNotn.
checia
Due Loans to
from Oov'm%
t
7,762
16,657
6.997
3,871
3.216
3,803
3,129
3.4S2
2,838
700
566
1,328
95
6,020
140
20
50
Speeie.\minion
ties,
»
60
10
15
OtI«r
DO-
1
lAabai-
8.
587
214
178
290
36,306
..
=
other l*o.,du*|^^.^:§
Depos- Deposits. Can'da
Agenc's
c\UaVn
iBanka.
its.
3.
i
1,150
2,100
080
485
220
100
480
270
180
'^'^
17,812
Banliof Ottawa
Western Bk.of Can.
Bk.of Lond'n In Can
Central Bk.of Can.
Total Ontario
Fund.
in Cir-
1885.
30,
143
26
21
112
5
18
87
21
17
9,59S
19,788
4.52S
S.147
4,756
531
924
4.6ST
1,697 117,763
Mva S:otta.
Bank of Nova
1
gcotla
Com'clal Bk.Winds'r
1.114
1,000
600
500
500
891
246
250
260
Total Novafcotla
4,861
Meroh's Bk..Hallfax
Peoples Bk.,Hallfax
Union
Bk., Halifax.
Halifax Bank'gCo..
Bank of Yarmouth
.
Kxch.Bk of T'rm'th
Pictou Bank
840
200
850
716
268
35
40
50
38
151
15
32
78
123
398
80
41
199
ee
806
2,631
80
Nil.
2
48
2.620
1.718
402
614
1,288
282
65
496
202
604
7,688
151
43
61
11
17
132
6
69
1
3
99
5
80
35
849
882
083
690
235
213
34
18
23
22
13
10
IS
17,821
5,303
4.02S
1,209
91
1,4(H
3,8W
12
38
33
224
188
219
306
53
88
106
18
71
78
62
145
41
930
915
2,000
59
8
21
13
143
40
13
38
12
581
936
849
889
12,835
128
IB
87
251
55
33
246
2,164
173
79
80
175
335
167
420
2,755
887
20
46
12
428
1
44
888
8
12
9
11
16
"13
3.32?
4,096
1,234
1,4«»
2.39B
86a
398
1,005
699
691
4
318
11
882.
2S
699!
61
12
2
329
1,052
818
17,439
4
127
5
11
2,977
1
1.889
12
4,891
1
507
4
2,711
Kew
Brunstvick,
B'k of N. Brunswick
Maritime Bk. of Can
1
300
60
25
450
318
233
60
137
41
977
427
114
65
Stephen's Bank.
1,000
322
200
1
5
2.872
1,266
619
Total N. Brunsw'k
1,522
385
1,001
268
1,518
56
6
4,767
118
6
239
Bt.
......
2
84
94
428|
880
3
625
8
140
Manitoba.
Com.Bk.ofM.,Win'g
137
Nil.
600
British Columhia.
Bk.of Br. Col., Vicfa
Grand
total
1,684
316
rss
788
814
3
14
61,82a 17.512 29,693
9.626
93,030
2,501
1,358
9
4.411
302 217.844
287
210
61
1.449]
8,442 10.775 164,805
«,90S 10.50U
4.880
9,132
2.0O8 317.261
statement of Canadian branclies only.
In Ilqaidation.
1
Deposits— Includes $,>,537,394 Dominion CJovernraont deposits payable on demanil; .$364,444 Dominion Goyerument d»
posits payable after notloe or on a fixed day; f 677,104 deposits held as sociirity for cSeontion of Dominion Government contracts
and for insurance comi)aiiie8; $583,7.tl Provincial Government deposits payable on demand; $1,963,101 Provincial Government
deposits payable after notice or on a tixod day.
5— Other Deposits— Includes $43,873,297 other deposits payable on demand; $31,151,133 other deposits p.iyable after notice or ou a llxed
*
4—Qovemraeut
day.
e-Loans,
<S[e.— lududee
$1,004,827 loans from or deposits
made by
other banks in Canada; $1,495,950 due to other banks in Canada.
7— Due Foreign AKcncies -Includes $9S,019 due to aRoncies of bank, or to other banks or agencies In foreign countrie.s; $1,^58,531 due to
agencies of bank, or to other banks or agencies in Unit«l Kinijaom.
12— Other Checks and Notes— IncUid™ .$>,611,<H7 notes of and checks on other banks $2,800,180 balance due from other banks in Canada.
;
13— Due from
Foroisn Agencies -Includes $S,663,913 balance due from ageuoies of the bank or from other bauk-i or agencies in foreign
countries; $2,111,589 balance due from agencies of the bank or fram other banks or agencies in the United Kingdom.
14— Loans to Government, Individuals, &c.—Iucludcs $1,908,702 loans to the Government of the Doinlutou $l,205,.iy5 loans to Provincial GOTcmments: $12.iU7,851 loans, Ac, secured by municipal, Caiiadi in or foreign honda $2,329,501 loan.^t, Ac, on current account to
municli)alltleK $1S,126,203 loans, &3., on current accounts to other oorporations; .$98. l">t loans to or deposits made in other banks,
seciired; $137,550 loans to or deposits made in other banks, unsecured; $124,844,227 other current loans, discounts and advances to the
public.
15— Overdue Debts— Tncludes$?,39«,21t notes, <Stc., overdue and not specially secureil; $19,003 other overdue debts not specially secured ;
t
t
j
$.',473,991 overdue d.ibt8, secured.
16—aecuritles aiid K'sal Rstate-Iiioludes $115,119 D.iminion Government debentures or stwk; $2,899,827 public securities other than Canadian; $1,310,024 real estate (other than the bank premises); $831,171 mortgages ou real estate sold by the baak; $3,'J35,514 bank
-^
o
premises.
;
;
:
,
•
.-,
.
/
August
THE CHRONICLE.
15, 1889.]
RAILROAD EARNINGS IN JULY, AND FROM
JANUARY TO JULY :n.
177
The following
noteworthy.
are the aggregate j as reported
our tables for July in each year since 1879.
in
1
Kailroad earnings have lately been giving a
account of themselves.
little
better
MlUage.
Karnlncs.
IncrtioM nr
Plrtol.
There are various evidences of
Ttor
Tear
Prtailnt
Ttnr
Ytar
PrtcfiltHQ.
Otvtn.
I«.71»,5.16
I8,«'I.9»4 r»c.
17,954.311
1S..15I,<>G0
113.640,1 121
21.617.047 /no. 1,9«I,U>
»l.2»4.8Ht Int. l.t43,4aT
ia,0S».727l Inc
I7,»9,S7ll Drr.
66.7M
I
Not
this.
80
many
may
tofore, as
roads are reporting decreases as here-
be seen from the table below for the xonth
diminished amount of
loss,
while on the other hand not a
few roads record improved receipts;
(representing the total of
more
show a
those that do report decreases usually
of July;
atven.
all
finally,
the aggregates
returns received) are distinctly
favorable.
There are two ways of looking
to get at their meaning.
The
at the figures of earnings
first is
to see
how
they com-
pare with the totals for the corresponding period a year
and the second is to see how the increase or decrease
thus found compares with the showing in that respect for
other recent months. According to both methods the July
exhibit appears quite encouraging.
As compared with
July, 1884, the roads have in the aggregate about hold
their own, which, as earnings then were not small, is certainly very satisfactory.
As compared with June, the
MUa.
•
1880(47 roads).
July,
July,
July,
July.
July,
Jnly,
35,111
1MK2(A1 roads).
1888(611 roads).
lHH4{40roiu]s).
1885(60 roaas).
48,048
31,124
42.581
M,041
4a,.'i03
21,307.368
31,618
47.0B7
29.101
47.296
17,7«8,618
glance
to
suffices
9
i
18M1 (47 roads).
A
Oicruue.
18.054J77
t^M.tM
Int. S.SSD.401
show how very heavy were
the
gains in July of the earlier years, and obviously therefore
we
now with
are comparing
and not
large,
small, totals.
In July, 1880, 47 roads reported a gain of 4^ million dol47
July, 1881,
lars; in
roads (not the same, however)
ago.
month
preceding,
we
find
that the present
decrease of
reported a further gain of over
millions; in 1882 61
'1\
roads added nearly 2 millions more, and in 1883 66 roads
further increased their aggregates
these accumulating additions there
1
With
million.
\
was
all
no decrease,
in 1884
now in 1885 we have only a trifling
Thus the net result of the unfavorable influences
have been at work is that during the last two years
but a trifling gain, and
loss.
that
•
—
July earnings have remained about stationary there has
on sixty-six roads contrasts with a decrease in
been, in the aggregates at least, no retrogression. It should
that month of over $800,000 on only forty-nine roads.
be remembered however that this record covers chiefly
But if we go back to May the comparison is even more
Western, Northwestern, and Southern roads the trunk
To
favorable, for then the loss was nearly $1,300,000.
lines, which have suffered most, having only a meagre
show the monthly record since the beginning of the year
representation in our list.
Of coarse, the roads reporting
we present the following table, giving the number, the
each year, but enough of them are alike
are not the same
mileage and the earnings of the roads reporting each
Last year our stateto make the comparison a fair one.
month.
ment was prepared unusually early, and therefore contained
$6.5,000
—
muagt.
Earnings.
1
Increase or
Ptriod.
1885.
mut.
MUta.
Januiiry (70 road*)..
February (69 roads)
51.486
March
45,302
48,579
40,154
43,684
44,149
so.we
(.» roads)....
April iSl roads)
May 5>1 roads)
IV» roads)
July (M roads)
45,513
44,317
41,240
47,897
(
Jane
188*.
1888.
18S1.
16,016.193
[
»
I6,97S.8aO|/Be.
16,268,067 Dec.
17,890..S74
16,S87,S.S5 rnc
.
«
17,70S,03«
18,418,743; Ztec.
015,895
Had
than the ordinary number of roads.
the usual
complement been included the result would have been
somewhat changed possibly a loss, but the loss would not
have been large. In brief, then, we had very heavy
70-.J,.'589
17,466,848
\
1
less
t
825.167
251,874
j
4:3,537
15,805,528| 17.191,365 Dec. 1,898.837
40.813
47,298
15,337.1671 16.044,73« Dec.
17,793,618'
807„'i65
65,753
17,859.371 Dec.
These figures afford marked indications of a change to
—
gains up
till
1883, and, taking the roads as a whole,
no
material loss or gain since then.
It is to
be noted further in favor of the July returns
was no influence of importance at
this year, that there
As against heavy decreases in the work to swell receipts, except that a slight stimulus may
we have now only a nominal have been given to business by the more hopeful views so
and if the Oregon Navigation Company (separately generally held as to the future. The volume of passenger
a better state of things.
three months preceding,
decrease,
reported because
its
receipts are in part derived
lines) is included, there is
only, however,
is
from water
Not
actually a small increase.
the July exhibit encouraging because
traffic
certainly has
a further decrease
not increased
— rather there has been
The movement
on many roads.
of the
one section of the country at least been
is so much less unfavorable than the exhibits for the
refer to the windecidedly against the present year.
months of April, May and June, but it is particularly ter wheat section, where last year the yield was so heavy,
gratifying because it shows the improvemeni that has taken while this year it is extraordinarily poor.
As a result of
place to have been progressive.
Thus against a gain in this diminished movement of winter wheat the roads
it
crops has in
We
both January and March (we
may
disregard the loss in
February, since the bad weather then prevailing accounts
for
it),
and
in
directly concerned
have sustained large losses of earnings.
some sections have profited
In offset to this, the roads in
there was in .Ypril a lo3s of nearly a million dollars,
by an augmented movement of corn and
also of spring
May
wheat, but in the aggregate neither the
wheat nor the
a loss of over a million and a quarter.
"With
loss, the prospect was not
But fortunately the May decrease proved to
be the maximum. In June the falling off was only about
$800,000, and in July, as we have seen, there was further
such a record of increasing
corn receipts have been very large.
encouraging.
much
progress in the right direction, the decrease being
cant.
In commenting, a month
showing of June over May, we
ago,
insignifi-
last
year there had been a decrease, so that the com-
No
in
we now
ings and mileage this
With
and
these pre-
present our usual table of earnlast
year of
GROSS EAKNINOS XSO MtLEAOB
all
(!(
roads reporting.
JUI.V.
earnings in that
month
for several
made about
the July return, for, as ia May, that month has an
unbroken record of gain e.xtending back many years, and
of course that makes the small loss now all the more
such qualiHcation need
be
MUtage.
QrotM Samingt.
Namt
of Road.
1885.
May
that had not been the case, there having been an uninter.
rupted increase
liminary remarks
called attention to the
parison this year was with diminished totals, while in
years past.
Cotton does not move
but in the present year the shipments
appear to have been smaller than ever.
upon the improved
circumstance that this was in part due to the fact that in
June
at this season,
.«
Bost. IToos Tnn.* W.
Burl. Oil.Kap. ii. No..
Canadlivn PiiciUo
1881.
Deereate.
1885.
1381.
$
»
41.469
43,012
-l.HH
2i2i.;«i
-f28,4U
090
61
82i
+ 3 40,(i33
2,794
2,403
49U
849
190
819
6t
85.!»rj,i
.\lton
Cbic.ji Bastt-ra [II....
Clilc. Mllw.^VtSt. Pan!
Ohlcafl:o& North wo8t.
Chic, yt P.Minn.
Cblc. & Weal Mioh,...
OIn. Inil. 8t. I-. A Oh..
AO
lb.5,970
51!>,367
117.2 ia
CG0..-)S1
CeutntI Iowa
CUIcacoA
rnerean or
73).9H
112,707
12f*,392
-11. «4;
-70..)60
-lft,«85
251
2M
1,3*4,1)0(1
1.910..5J,',
-.^.5..^4^
4.93 i
a,074.0l)0
1,97«.177
+»7.823 3,4
8J0,<))t)
Kjti.TtiO
-1-2.010
I.SIS
4.«0l
3.SU0
1.307
124.S34
—17.572
413
113
'.
>
31-^
t^f?
4(>s.><on
170.!» 2
•ll\•^.S
1
_•>« «n
k3
THE CHRONICLE.
178
road.
ATex. Pao.
Alabama Gt. South.
Cln. N.O.
N. O. & Nortli East.
Vickeb. & Meridian
TlokRb. Sli. & Pao..
Cin. Wasli. & Bait...
Cleye. Akron & Col
Deuv. & Rio Grande.
Denv. & Rio 6r. West
»Des Moines & Ft. D..
.
.
& No.
Detroit Lans'g
•& T. Haute
Flint & Pere Marq...
Fla. R'y &Nav. Co...
Evansv.
.
Worth & Denver..
(Grand Truuk of Can.
Ft.
Qui! Col.
& Santa
m.
(111.
Cent.
Do
Do
Fe.
Div.)...
(do. Div.)...
(Iowa
&
Ind. Bloom.
lines)
West..
Kan. C. Ft. S. & Gulf.
Kan. C. Sp. &Mem...
Lake Eiie & Western.
Lons Island
LouisTille (feNashv...
Uarq. Hough.
Memphis &
&
22i,928
70,092
33,504
29,574
29,194
80,326
44,251
548,295
86,175
21,619
88,337
66,066
151,470
68,640
48,344
1,110,354
135,421
498,486
222,005
128,799
167,685
172,437
95,823
74.782
373,031
1,051,335
On..
121,ft9f(
86,705
Cliar'ton
Mexican Central
Milw. L. 8h. AWest..
Milwaukee & Xorth.
Mobile &OUio
Nashv. Chat. & St. L.
N. Y.Ont. &We8t'n..
Norfolk <fc Western...
Northern Paciflc
Ohio Southern
Peoria Dec.AiEvansv.
26!l,200
112,818
45,022
118,293
165,667
194,643
187,397
999,732
25,051
52.531
Blob. & Danville
Char. Col. & Aug
272,277
45,932
31,682
43,233
130,570
33,833
110,89"
61,246
81,152
52,288
48,740
325,114
141.854
553,347
87,708
932,678
114,565
Columbia &Gr'v...
Georgia Pacitio
Virginia Midland
West. No. Carolina.
Rochester & PIttsb.
8l. Joseph & West'n.
Bt.L. A.&T.H.m.llne.
Do do (branches)
8t. Louis Ft.S. & Wich
8t. Louis & San Fran
.
.
.
Paul&Dulnth...
St.
St.
Paul Minn. & Man
Texas & St. Louis
Wab. St. Louis & Pac.
Wisconsin Central
Total (66 roads)
Oregon R' way
..
& Nav
226,702
73,900
25,510
32.174
14,360
90,429
41,213
400,400
45,712
10,846
97,903
73,422
172.S53
60,861
50,359
1.271,126
126.432
464,185
240,049
127,718
173.188
160,498
89,915
76,356
366,852
1,060,101
140,633
102.696
231,90a
96,898
42,050
129.323
187,476
195,176
177,902
1,022,438
35,356
54,783
250,923
40,879
30,880
40,650
131,305
35,719
109,945
69.326
90,095
44,596
42,309
359,111
119,499
605,156
79,761
1.234,298
107,794
17,793,618 17,859,371
408,000
328,000
Grand total
18.201.618 18,187,3711
Only three weeks of July in each year,
*
t
1882,
Increase or
Decrease. 1885.
1884.
1885.
earnings of the same have been steadily declining since
Mileage.
Gross Earnings.
Name of
1884,
336
296
196
144
170
336
296
196
144
122
281
144
1,317
281
1,317
368
368
143
261
146
361
518
144
143
261
146
361
2,918
2,918
+ 1,081
536
953
711
402
-5,523
,53J
+ 11.939
389
282
389
352
536
953
578
402
532
389
282
389
352
2,013
2,065
-3,773
-3,808
+ 7,994
—2,600
+ 10,834
-10,103
+3,038
+ 147,89.i
+ 40,463
+ 1,773
—9,566
—7,3.')6
—21,383
+5,77.1
—2,015
-160,772
+ 8,989
+32,;s01
—18,044
+ 5,908
—1,574
+6,229
—3,769
—16,034
141
500
110
160
330
135
330
+36,300 1,236
517
+15.920
1.236
— 15,991
+ 2,972
-11,030
-21,808
—533
+ 9,493
—22,706
—10,302
—2,252
+21,354
+ 5,103
+802
+ 2,583
—735
+3,114
+950
-8,080
-8.913
+7,692
+ 6,431
[Vol. XLI.
389
221
528
580
373
502
221
2,648
2,453
128
128
254
774
363
294
317
353
274
294
252
195
138
214
815
225
528
580
373
502
254
774
363
294
313
353
254
291
252
when they were $130,986,
now.
It
lines
would seem from
have derived
recently
on
Chicago eastward.
It will
Quite as unfavorable
the
in
Ohio river and the Great Lakes.
the
multiplication
new
of
—30l,«20
+ 7.917
735
2,572
3,516
+ 6,771
418
418
—65,753 47,697 47,296
+80,000
+14,247|
and bounded by
demoralization of
and
rates,
In
fact,
with the
the increase of competition
lines,
generally
poor
busines
prospects, these roads have not for a long time presented
any but indifferent returns. Now, with a disastrous
of the wheat crop in the same district
more
disastrous even than in 1881
and a corresponding falling
—
failure
—
the
in
ofi
derived from the same,
traffic
it is
easy to see
As compared
that the situation has been strikingly bad.
is the more marked that then the
was exceptionally heavy. The contrast
between the two periods is pointedly shown in the case of
with 1884, the decline
movement
a road
per
Indianapolis
Cincinnati
St.
&
Louis
which against earnings of $209,515, now has
earnings
and
the
like
Chicago,
19
of wheat
$170,922,
of
in part
a
decrease
Perhaps owing
cent.
also
and
of
to the
$38,593,
same
or
influence,
the depressed state of trunk line
to
the
weeks of the month.
735
the showing of "Western roads
is
territory east of the Mississippi,
776
225
1,397
from the advance in rates
and passengers from
be remembered that the tarifE
freight
on grain was put on a 15-cent basis with the 1st of July,
and on the 13th was raised to a 20-cent basis.
business
1.397
against only $81,152
that as yet the trunk
little benefit
established
195
138
170
—33,997
+22,355
—51,809
this
rates,
&
"Washington
Cincinnati
$10,103 in the first three
The Chicago & Eastern Illinois
Baltimore records a loss of
and the Evansville
&
Terre Haute likewise lose over 1
per cent of their earnings of last
hand, the
Central on
Illinois
On
year.
its Illinois
the other
Division reports
an augmentation in receipts of $32,301, or about 7 per
though this is after a heavy diminution in the two
cent,
Four weeks ended August 1.
There are two roads in the above table showing heavy
The extent of the grain movement at
the two years is indicated in the
previous years.
Western points
in
changes due to exceptional
circumstances, and which following table.
might be regarded as having vitiated the result RECEIPTS OF FLOnR AND GRAIN FOR FIVE WEEKS ENDED ADOCST 1
AND SINCE JANUAKY 1.
by reason of that fact. But in the present instance the
Wheat,
Cam,
Oats,
Flour.
Barley,
Bve,
changes are on opposite sides, and they therefore largely
(bash.)
0ush.)
Cbasd.)
(buah.)
(btufi.)
(6b(s.)
ordinarily
.
neutralize each other.
whose gain
"We refer
to the
Canadian
Pacific,
$340,000 is directly attributable to the
extension of the mileage of the system, and to the "Wabash,
whose
loss
of
of 1301,000 follows to a great extent as a
result of the smaller mileage operated, the
"Wabash system
being gradually disrupted at the instance of its creditors.
Outside of these, the most noteworthy changes of large
magnitude are those
Denver & Rio Grande and the
Grand Trunk of Canada. The former has a gain of $147,895 for the month, or over 35 per cent, and in this gain
its connecting line, the Denver & Rio Grande "Western,
seems to share, for that has increased its earnings from
$45,712 to $86,175. These are Colorado and Utah roads
which a year ago were on the down grade, but now appear
of the
to be retrieving their losses again.
As to
the
Grand Trunk
of Canada, that of course reflects
the State of trunk line business. The loss is not confined
to one class of traffic, but extends to passengers and
freight alike.
It is to be regretted that we have not some
of the larger
American
5 wka.,July, ISSt
5wks.. July, 1884
Since Jan. 1,1885
Since Jan. 1,1884
St.
813,630
1,276.0.35
205,86.)
700,510
10,080,626
4,494,403
.1.08:1,139
1,527,082
166.105
•2,155,914
1.071,249
2.104.227
5, 139,098
4,819,732
10,511
49,803
37,15S
3,668,227
1,933,532
78,574
183,482
717,949
971,284
140,176
367,025
920,558
17,000
80.655
1,796,915
2,857,792
9,705
15,H06
159,897
2^0,172
13,919
5,768
275,003
155,898
1,000,934
8,296,772
4,859,230
65,598
113,595
611,272
741,830
6,846,286 2,988,409
4,707.680 2,781,639
36,792,377 20,858,200
31,407,50120,936,033
714,066
36tl,U.10
I,025,"51
44,160
53,700
325,095
468,020
1,978,499
Lnuis—
5 wkB.. July, 1885
ijwk!.., July, 1884
Since Jan. 1, 1885
Since Jan. 1,1884
4,877
12.033
8118,180
3,797,643
849,545
15.711.660
12,884,284
655,085
481,812
3,K.S2.724
1,500,845!
Toledo—
803,534
1
5wks..July, 1884
0,0ii8
Since Jan. 1,18h5
Slnca Jan. 1,1884
72.473
42,762
472,461
1,225,163
2,917,009
3,812,308
Detroit—
5wks..July,
5wk9.,July.
since Jan. 1,
Since Jan. 1,
1885
1884
1886
1834
8,789
8.609
68,906
71,870
827,217
253,729
2.385.827
2,006,862
.Iwks^July, 1885
14,769
15,169
90.472
76,768
5 wfis..July. 1885
5 wks.,July, 1884
Since Jan. 1, 1885
Since Jan. 1,1884
5wks.,July, 1885
5 wks.,July, 1884
Since Jan. 1.1885
Since Jan. 1,1884
162,107
251,735
1,030,172
807,485
25,200
52.605
207,34C
10,576
5,492
86,105
81,835
299,180
157,3081
349,-?53;
2,216,909
4,629,75a
88,855
11,455
126,783
235,476
4,600
68,SJSa
48,081
2,856
8,955
19,384
10.502
l,570,7i7
1,269,880
78,615
81,626
661,844
531,137
256,958
316,815
16,505
47,887
535,867
532,193
79,700
133,000
480,730
593,656
45
500
600
96,139
118,181
13,080
1,100
605,41 C
756,57C
5^6.486
5,977,245
6,107,3^3
4,20C
13,2UC
17,350
40,010
24S,00»
441,066
43,860
36,401
481,215
6,812,420
6,150,030
1,900
51
4Ufl,60l
287,200
Dututh5 wk>., July. 1885
5wks..July. 1884
Since Jan. 1,1886
1,067,051
256,876
3,934,212
1,315,060
239,5(>()
88,664
5,115,885
5,848 287
148.15C
Since Jan. 1,18S4
but there seems
little reason to suppose that they have done better than
their Canadian competitor.
Certainly, such minor roads
9,042,03f
6.526,005
9.212,009
85f
36,244
858
8,70C
2,81S
36.358
2,813
lines of this class,
in our table as are influenced
business do not
5wk8.,JuIy, 188i!
5wk8.,JuIy. 1884
Since Jan. l,18t-5
Since Jan. 1, 1884
by the course
of
trunk
make a very encouraging showing.
notice that the St. Louis Alton
&
line
We
Terre Haute, which on
Total of all-
5«ks.,July. 1885
5wk8.,July. 1884
5wks..July, 188i
Since Jan. 1, 18-5
Since Jan. 1,1884
<tnce Jan. 1. 1883
It will
off in
589.984
S71.8U
';04.9yt
5,0!tH,40f
4,887,561
4,914,018
4,01V7,5(14
31,97C.«5(
22,214,2tK
25,735,604
thus be seen
—but
733,000 bushels
of the
Louis the contraction
Vanderbilt system to
St.
Louis,
and the July
the
that in
122.-J6J
121,904
229,622
360,987
7,155.935,664,12£
7,219,363
1.428,283
1,800.119
2.730.970
82.831
98.091
the aggregate the falling
the receipts of wheat has not been so heavy
branches reports again of $7,692, on its main line
reports a loss of $8,943.
This main line forms part
its
4.734,99C
4.446,285
8,2x9,811
63,5' 1,19V 3a,793,44S
5-,302.51t 84.2: 12,8.31
65,149,626 29.817,6.50
— only
some of the individual ports
Thus at Stdecline has been very marked indeed.
that at
is
a million bushels, or about one-half;
August
THE CHRONICLE.
15, 1885.]
at Toledo, against 1,225,16.3 bushels received in
now
receipts
These
the
are
by
them
loss
diminution
in
and
movement
the
passenger receipts.
fall
markets,
the
that
of
variety
— that
is
those distinct-
various changes, but in no case
The cotton movement counts for
month as the following table will show.
very decided.
this
of
At Duluth
creases.
the total receipts for the five weeks cov-
Jvly.
ered by our table were 1,067,051 bushels this year, against
only 256,378 bushels in the same five weeks of 1884.
At
Chicago and Milwaukee together the receipts were 1,990,.
100 bushels, against 1,701,450 bushels. Chicago receives
some winter wheat, but the gain
spring variety of the cereal, as
is
GalTciton
1,622
Mobile
1885, against 862
cars
in
evident from the inspec1884, whereas
July,
Morehead
instance the increase in
com
is
448
"m4
180,774
1.
1883.
828
423.168
66,682
17,624
112,621
1,662
81,286
2,977
848.814
8,880
786 J9B
»,188
238,289
200
1,668
112.884
44,226
2.838
148.488
267
2,740
660
67380
164,887
16,77»
87,708
8, IIS
301,878
79,839
7,741
84.069
928,096
1,001.193
2.086,028
B
8
46
112
480
85
2.S20
3,830
WMt Point, 4c.
Of course only Northwestern roads would benefit by
As
the improved receipts of spring wheat, and these roads
also seem to have had a larger movement of corn in their there
for
21
2,877
89
Total
At Chicago
0T2
U
1
City. *o.
Norfolk
cars.
nearly two million bushels.
642
880
48
848
10
Port Royal. &0
of
spring wheat the inspection was 2,458 cars, against 1,069
2,601
Brunswick, &o. ......
273 cars of winter wheat at that point in
tion of only
Ao
1884.
68,727
1,682
422,716
60,643
24,482
li8,68e
2,260
71,480
8,478
10,706
12,07*
81
14,807
178
a
S88
Inalanola,
476
PXOM
AIIO
less.
480
68
bales.
exclusively in the
is
1886.
in
little
ainet Jamuvni
1884.
1885.
tmA
in spite of a falling off in
to these the spring wheat mar- BBOBIPTS OF OOTTOH AT BODTHBRN PORTS IK JDLT,
JAN. 1 TO JirtT »1, 1885, 1881 AMD 1883.
Chicago and Duluth, record most noteworthy in-
kets, like
favor.
made
As opposed
wheat.
July,
is
Southern roads
—report
known
ively so
and
conclusively
demonstrates
prospects) that the gain
lias
Peoria both
wheat
winter
all
of the country (by reason of the excellent crop results
1884, the
Detroit
bushels.
Cleveland
but
a small increase,
behind.
472,461
are only
179
14M8
months of the year
nothing to be said beyond what has been said
above and in previous reviews. It is satisfactory to note
that notwithstanding heavy decreases, there are not a few
to the result for the first seven
is
would not be surprising
if the
greater part of the increase had come from roads that have a large balance on the other side of tho
The following is the table.
Iowa,
as
that State had a very heavy yield of account.
OROSS EARVINGS FROM JANOART I TO JULY 31.
com last season, and the Iowa roads as a rule
have
improved
earnings
now.
As regards the
Jlamt of Road.
1885.
1881.
Tnerease. Decrease.
leading Northwestern roads, they all, or nearly all, have
251,190
240,321
10,869
done well in July. The St. Paul is the only one among Boston Hoosac T. & W.
Burl. Cedar Rap. & No.
l,638,29n
1.474,713
163.5S6
Canadiaa Paeino
4,212,827
2,647,411 1,595,416
them that has a loss barring of course the Manitoba;
Central Iowa
651,396
77.'»,203
127,807
4,293,603
4,596.801
303,198
which belongs in a class by itself, though even this has a Chloafto & Alton
Chic. & Eastern IlUnoia
856,587
816,765
39,822
very much smaller loss than heretofore. As compared Chicago MUw. & St. Paul 12.509.000 12,376,738 132,262
Chicago & Norttiwest
12,731,289 12,644,904
109,335
with a year ago, the Northwest and St. Paul have changed Clilc.8t.P.Minn.& Omaha
2,981,554
3,160.309
178,759
ChlcaKO
Weat .Mich.
70S,S63
889.745
180,382
their positions, the loss of the one being changed into a Cin. lud. St. L. ACUio...
l,3l!j,73(»
1,299,121
19,606
Cln. NewOrl.& Tex.Pao.
"5,721
1,430,606
1,136,327
gain, and the gain of the other into a loss.
Alabama Gt. Southern
It will be
589,702
601,241
11,542
New Orleans & No. E.
361,844
219,010 142,631
interesting to see the record of the Northwestern roads
Vioksbure & Jleridlan.
233,1.i8
227.694
'so', 464
Vick9bHrg.su. & Pac.
178,512
73,506
los.o'o'e
for a number of years, so we give their earnings below *Cln. Wash. & Baltimore
923.89i
938,592
'ii'.TOO
Cleve. Akron * Col
270,770
268.115
2.65.T
since 1880.
Denver & Rio Grande.
3,265,857
2,916.960 318, '<97
Denver & Rio Gr. West.
516.021
408,161
107.810
It
—
.
.
.
<fe
.
.
JvXy.
1881.
&No..
174.831
Clilo. Mil. ft at. Paul...
1,568,708
Burl. Ced. Rap.
Northwest
ChlcSt. P.Minn, ft O.
St. Paul Minn, ft Man..
Chic,
ft
Total
In
1,683.031
383.203
895.783
5.214.524
S.193,808,
4,940,393
the aggregate these five roads
have varied their
On
receipts but little in the last three years.
however, the Milwaukee
&
4,505,053
the whole,
Paul makes the best record,
year. The St. Paul & Duluth is
St.
notwithstanding its loss this
not included in the above table, but has a very marked gain
in earnings
due doubtless to the augmented movement
—
of spring
wheat, as indicated in the gain
of
receipts at
'Des Moines fc Ft. Dodge
Detroit Lansing & No...
Evansv. & T. Haute
Flint & Pare Marquette.
Florida K'y & Nav. Co..
Ft. Worth & Deuver...
Grand Tr. of Canada.
Gulf Col. & Santa Fe.
.
.
tU. Central (lil.Div.)...
Do
Do
(South. Div.)
(Iowa Div.)..
rndlana Bloom. & West..
Kan. City Ft. S. & Gulf..
Kan. City 8p. & Mem...
Long Island
Louisville 4 Nasihvllle..
Marq. Ilougliton &Out..
Memphis & Charleston..
Me.xican Central
Milw. L.Shore & West'n.
Milwaukee
Northern.
The Northern Pacific must also have benefited
Peoria Dec. & Evansville
end) by the same circumstance, and that Richmond Danville...
Char. Col. & Augusta.
accounts for the very small loss that that road records
Col. & Greenville
Duluth.
(at the eastern
fact
&
.MobI.e ifeObio
Nashv. Chatt. & St. L...
N. Y. Ontario & West'n.
Norfolk & Western
Northern PaclHo
Ohio Southern
<fe
Georgia
P.ieittc
Michigan roads again do poorly, while Wiscon.
Virginia Midland
West. Nor. Carolina...
sin roads do much better.
On the Pacific Coast, the Rochester & Pittsburg
Oregon Navigation comes forward with a heavy gain, but 8t.L.A.&T.H.main line..
Do do (branches)
not too much importance should be attached to the St. L. Ft. Scott & Wich.
8t. Louis &8. Francisco.
returns for a single month, the company previously not St. Paul & Duluth
St. Paul Minn. & Man...
Texas A St. Louis
having reported for over a year.
in July.
.
Wabash
In the South and Southwest, the
cisco continues to fall
—Fort
"Wichita
Scott
&
behmd, but
enlarged
all
Louis
& San
Fran-
the Fort Scott roads
& Memphis, Fort Scott &
earnings.
Down in Texas
& Denver has a decrease, the
Gulf, Fort Scott
— have
St.
St.
1...
A
Pac.
Wisconsin Central
Total (61 roads)..
.
190,906
642,183
4119,090
1,082,175
570,265
259,740
8,531,735
724,326
3,5 17,78 ^
2,336.933
878,320
1.258,615
1,435,192
927.282
1,542,520
7,886,193
408.413
693,029
2,148,696
661,131
318,999
1,011,775
1,192,885
1,015,000
1,424,427
5.606,162
226,829
379,791
2,127,850
425,006
319.470
347.455
822,728
211,839
66-',960
647.410
397.596
336,826
172.835
776,937
407,971
1,338,291
586.630
281,465
9,612.341
896,907
3,337,737
3,150 051
131,751
1,116
308, 119
16,369
21,729
1.077,809
172,581
180,031
186.877
92-1,707
1,250,163
1,325,835
627,624
1,.>01,828
7,616.319
484.838
757,797
1,611.303
633.43^
293,26 s
1,105,709
1,332,656
1,010,699
1.421,401
7,008.024
211,228
420,093
2.076,025
398.771
329,731
300,572
861,010
226,65''
609,23.5
50,187
8.182
109.337
299,658
40,692
269,844
76,425
59,768
537.393
28,694
23,731
63,934
139,771.
25,699
23
1,4611883
14,899
40,302
51,825
26.232
19,736
48,533
41,282
18,201
53,725
753,308'
l65',6'68
61,180
2,301,601
422.876
275,646
2,481.893
619,191
3,671,375
526,038
7,8)0,6i8
830,875
6H.10-
"h'.a'si
4,290,107
443,368
8,683.156
816,152
25,280
186',292
6i5;733
82,670
852,498
£4.723
119,437,394 120,853,683 1,882.932
Net decrease
*
18,071
6,278,721
1,419,789
Includes three weeks only of July In each year.
Net earnings for June are unfavorable on such leading
though the Fort "Worth
roads as Chicago Burlington & Quincy, Union Pacific,
Gulf Colorado & Santa Fe has a small gain. It is sig- Pennsylvania,
East Tennessee, Louisville & Nashville, and
nificant of the change that has taken place in that section
Nashville & Chattanooga, but otherwise are generally very
THE CHRONICLE
180
The Atchison, Northern
good.
much
Charleston do
Tacific
and Memphis &
Following
better than heretofore.
.are the figures of all roads that
will
fVoL, XLI.
furnish returns for
publication.
BATES OF EXCHANaE AT LONDON AND ON LONDON
AT LATEST DATES.
BXOHANGE AT LOlfDON- July 31. EXOHANQS 02f LONDON.
GROSS AND NET EARNINGS TO LATEST DATES.
OnJan.
J
Oross
Operaflno
JVet
1 to
Otoss
I'
June
&
Santa Fe1,818,772
1,254,029
18S6
1884
SonoraS 1885
1884
29,!'82
16,8b6
$
661,435
801,534
%
*
7,227.258
7,648,815
\
557,337
452.495,
$
3,114.930
3,535,939
Saltimore & Potomac—
656,642
577,861
251,170
170,518
lOI.SJOS
68.577
72,747
35,380
29,218
230,451
206,418
18»S
1884
Burl. Cedar Rap.
175,581
159,557
54,870
46,801
1,413,918
1,278,743
376,679
355,919
1,113,381
dl.90,822
367,984
444,324
103,657
St,
North.—
1884
Canadian Pacific—
7»»,8«a
550,661
WSS
451.871
399,030
283,491
151,631
249,522
247,262
1885
1884
X^hesapeake
3,352,827
2,098,011
189,535
200,907
59,987
60,855
1,566,415
1,711,205
& Ohio—
Kliiab.'i'ei". it
BigSandy-
issa
1884
•Ches. Ohio & Southwest.—
1885
1884
Chicago Bur), ji Qaincy—
1885
1884
X>e» Moines 4 Ft. DoJge—
1885
1884
'East Tenn. Va. & Georgia—
1885
1S84
Ifort Worth & Denver City1880 ...
1884
52,7-11
82,6,88
58,056
40,-. 2'
20.078
17,329
316,008
322,981
86,583
75.220
113,381
91,270
84,349
77.179
29,012
17,09'
701,625
6)0,974
1.224,108'
1,064,441
7,010
5,431
189,287
155,990
37,154
38,592
68,718
1,891,688'
1,864,270
432,9 1
627,882
27,328
23,726
20.318!
18,293'
274,470
307,810
207,758'
2 18,844
57,787
39,122
82,.%2,
25,425:
211,898
23,625
15,497
234,106;
30, '.6«
3,773'
26,893
28,977 def. 4,346
88,9681
89,489
90,452
24,631
82.219
08.576
It
45.1.56
47,105
383,492
377,169
17,083'
21,471,
88,305
09,108
670.889
638,071
_,
rn»«!.
DaU.
. .
Paris
Paris
St.
Petersb'g
Oenoa
25-42ifia25-47i3
Short. 25-1614325-21 >4
3 mos. 25-36>4®25-41i4
2336 a23J9
25-57i2a23-62i8
Naples
Madrid
Cadiz
Lisbon
Alexandria
45%-<ii4G
45Si,®46
5178*511518
Constant'ple
New York. 60 days
.
Bombay
D'm'ud
Is. OiSied.
Is. 6i5itd.
Calcutta
Hong K-ong.
Blianshal.
. .
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
Sate.
Sbort.
12 04
3 mos.
Short.
2031
3 mos.
232532
20-37
20-38
12-50
25-22
25-18
46-70
4-85
30 days
tel. tsfs
4 mos.
la. 6%d.
Is. essjad88. 7l4<l.
4s. Iliad.
[From onr own correspondent.]
London,
The feature
of the
SaturcJay,
week has been
August
1,
1885,
the extraordinary succes-
attending the introduction of the Egyptian guaranteed loan.
Were there any doubt that Egypt has a bright future before her,
if only carefully handled, it should at once be removed by this
But it means something more than
The political aspect of the case is of vastly more imports
ance, and it shows that confidence in the maintenance of peace
brilliant financial success.
6,831.858
6,556,245
867,283
391,283
is
increasing.
Nothing has occurred to justify the assertion
that the Anglo-Russian negotiations have
Nashville—
1.0.38.172
Latest
that.
Kentuclcy Central—
18S5
1884
JjOnisTlUe
1885
1884
l2-62i»®12-67ia
'STlenna
-08,287 12,372,968! 5,155.647
1,012,741 11,618,041; 5,158,970
Oreen Bay Win. & St.Paul1885
1884
Sight. 12-114 «l'..'2i4
Haiubarj?..
3 mos. 20-53 ®20-o7
Berlin
2054 ©20-58
Frankfort...
20-51 ®20-58
179,353
84,908
1,992,485
2,077,182
•12-3>a
Arastordam.
Antwerp.
31,580
149,510
113,072 df.17,180
3,796
18,688
20,111 def. 3.425
Bate.
Ametcrdam. 3 mos. 123
Ifet
Bamingf. Expenses. Earnings. Earnings. Earmngr.
Atch. Topeka
Time.
80.
2,640,889
2,254,480
become
less cordial,
be thrown in the way
Memphis & Charleston—
23,234'
611,324
50,807
81.7*1
56,487
of an amicable settlement of the matters in dispute. Some
1885
1155,101
169,125
117,705
98,811
21,3941
1884
warlike rumors are occasionally circulated by certain irre-Alezican Central—
278.770
179,288
99,184
1,880,496
&'J1,000
1885
sponsible prints published in St. Petersburg, which have
142,t64
247,248
204,191
1,879,403
1884
43,054
I^aahv. Cbatt. & St. Louisthroughout been teeming with bellicose articles, but in the
16.5.66
480,200
1885(Julyl
07,546
68,121
1,193.885
6B9,9<3
1884 (July)
187,475
108,602
78,873
1,332,056
better-informed circles they are either repudiated or regarded
N. r. Lalie Erie & West.'—
315,523' 8.058,149 1,669,438
1885 ...
1,451.933 1,136,410
as baseless. Perhaps the reduction of the Egyptian complica1884
1.569,568 1,2J«,813
812,755; 9,471,512 1,536,115
tJ. Y. & New England—
tions may render Russia more amenable to come to terms than
81,307' 1,513,914
271.057
189.750
438,434
1885
1884..
283,531
215.384
290,377
68,167i 1,587,860
she was at the time when the Egyptian puzzle seemed so diffi"
Norfolk k Western57,054' 1.237.030
191.767
134,713
445,693
ises
cult of solution.
Now the financial embarrassment has been
126,615
458,750
1884
183,869
57,254, 1,246,502
Northern Central—
overcome, whilst the death of the Madhi has considerably
416.219'
280.2,39
135,980 2,597,77
1,048,174
18S5
1884
416.635;
230,006
136,629
2,620,255
943,344
modified the political aspect of the case. It certainly seems as
Northern Paolflc—
1.012.507! +447.620
564,8971 4,606.430 1,920,780
1885
if we were about to escape from the sea of doubt and anxiety
1884..
1,143,123! +607,2^8
635,895; 5,985,586 2,760,404
Ohio & Mississippiin which we have been floundering for a long time past, to the
264,20!
192,306
384,71fl
1885
71,8951 1.738,416
material detriment of our prestige. For some months we
1884
287,135
213,695;
43,440
1,795,907
188,210
Oregon Improvem't Co.—
have been hoping against the hope that we had come to the
222,442
1865
177,049
45,393! 1.363,227
257.184
1884
278,510
208,089
374,953
70,427; 1,681,089
end of the commercial depression, and each time our expectafenn. (all lines east oi Pittsburg & Brie)—
tions were falsified
but with decreasing political anxiety the
1885
3,735,
2,826,194
909,444 121,319,593 8,519,860
1884
3,908.
2,823,148 1,083,028; 123,333,249 8,112,242
chances of a revival are iacreasiag pari passu. The harvest
Philadelphia & ISrle—
2R8,
1885
184,650
8.5,293
1,482,198
518.719
has commenced, but it is too soon yet to determine the result,
1^34
292,
204,484
87,8*1
1,610,811
512,904
Philadelphia* Keadlng—
although it is generally accepted that the wheat crop will be
1.484,837'
2,458
943,457 12,710,204, 4,719,138
^gg^
2, 14S,
1,250,837
897,927 14,218,665 5,506,838 an average and that of barley and oats short, with, however,
Phlla.'i' Read! Coal itiron1865
1,320.
l,S09.687:def 79,591
8,636, 122!df 158,082
i>,"o>i,j.iiiui ijo,uo»
a large proportion of choice samples.
1884
1.083,
1,110,843 def 27,486
7,053,919 df 843,464
Union PacificMoney continues as plentiful as ever, and everything is
1,955,39(1 tl,55f,916
1885
400,480 11,221,530 3,274,887
1884
l,739,453;tl,220,575
S18,S7s; 10,993,818' 3,330,723
ready for a revival of trade when it begins.
West Jersey—
1885
111,0481
81,801
49,157
510.790;
184,878
The Egyptian guaranteed loan, about which there has been
1884
112.874
79.365'
33.009!
527,509
185,213
so much discussion, has been the greatest financial success of
NAMK.
May.
Jan. 1 to -VaySl.
the day. The amount of issue is £9,000,000, one-third being
brought out here and the remaining two-thirds in France and
Cin. Ind. St. L'juis & Chic—
»
«
«
192,175'
188fi
133,695
58,480i
970,318
821,709
Germany. The price is Q5}^ and the rate of interest 3 per
1884
205,195;
125,298
79,899
89?, 171
33:1,742
Oalvestou Har. & San. An.—
cent. !Messrs. Rothschilds kept the lists open for one hour only,
255.09?!
1885
129.285
125.812! 1,167,223
5IS.402
.1884
217,793;
158,987
58,806; 1,167.389
261,772
and during that period the applications received were £100,'
Liouislana Western—
1885
44 730
29,476
22,254
244.484
127,988 000,000.
Equally liberal subscriptions were also received on
1884
31,025
16,531
17.494
213,137
94,790
Texas & New Orleans—
the Continent. The value of the British guarantee has come
18o5
75,702;
42,401
33,301
375,619
130,801
82,253'
1804
85,587
28,808
379,588
180,909
out well here, and there is no question that had it not been
Morgan's La. & Tex. IIR.293.932
18a5
230,153
63,779
1,603,423
520.202
for this country the loan would not have been placed so
1884
236.527
195,161
41,318
1,427,938
428,018
Orand Trunk of Canada—
i£
advantageously as it has been; it is, indeed, doubtful whether
2.37.678
1885
174,991
S,8S7 1,185,167
241,193
278,889
1884
198,181
,
80,488j 1,347,826
310,195
the contract price would have exceeded 8.j to 90. At present
Chicago & 6r. Trunk—
43,713
188?
88,644
5,069
per cents, 94J^;
282 915
French 8 per cents are only 80;^; Italian
29,974
56,274
44,627
1884
11,647
£58,894
44,971
Russian 5 per cents, 923>^; Austrian 4 per cent gold bonds, 89 ;
Det. (ir. Haven &, Milw.—
18,456
14.84'
1885 ...
3,614
81,304
15,517
whilst Turkish issues outside those secured on the Egyptian
20,950
15.585
1884....
5,371
85,02?
18,688
Mobile* Ohio—
i
$
«
t
S
Tribute are not worth counting. Next to Great Britain the
122.653
123,818
1885
dof. 665
803.212
135.185
142,774
131,038
1884
11.738
836,350
193,817
best financially placed Power interested in the scheme is GerOregon Short Line—
148,321
1885
102,034
48.257
60.3,804
148,918
many, but notwithstanding her growing wealth the support of
1884
63,671
412
61,083 def.
.300,092 df.63,242
Borne Wat. & Ogdensburg Germany without England would not have been sufficient.
1885
133,815
38,795
008,795
171,336
1984
133,832
589,4.^H
As it is, Prussian 4 per cents only stand at 102, whilst the new
* Including 68 per cent of earnings and entire working expenses of the New
Egyptian 3 per cent loan is about 983^^, or 1?3 percent only
York Pennsylvania & Ohio Ituilroiid.
+ Not Including taxes and rentals.
below the price of consols. The judicious employment of the
* Expenses include both in 1884 and in 1885 one-twelfth of the year's taxes,
i Mexlcun currency.
proceeds of the loan will most probably so develop Egyptian
1,032,359
or that
any fresh
difficulties are likely to
;
•
|
;
.">
I
August
THE CHROMICLEI
1886.]
15.
thwe will be no neoeesity to call on the guaranpowera to produce funds for ineetinK the coupons. It
Uflosra. Plxlejr ft
resources that
teeing;
is
very satisfactory to know that £1,000,000 is to be applied to
worlcs— a matter of vital imi)ortivnce to Kxypt.
Treasury Bills to the amount of £4,065,000 are to be tendered
irrigation of
The sum maturing
on August 5 next.
for
an average of £2
per
cent. The new bills will be for £!J,000,000 in excess of the Burn
maturing, from whicli it will be seen the Oovemraent are
bills at
Os. VJiid.
exercising their powers for borrowing on Treasury Billa.
On July 25 the l)0oks closed for a loan of £700,000 in per
cent gold bonds, secured by mortgage on the Entre Ri<>8
Gold.— The rontlnenial
Railway in the Argentine Republic. The whole
amount was covered at 91}ij, and the price afterward advanced
about 'i i)er cent. The interest on these bonds is guaranteed
by the State of Buenos Ayres, and the f ieneral Government
assumes one-half of this guarantee.
The money market just now is being influenced by special
circumstances. More money will be wanted in connection
with the Treasury Bills, and harvest requirements liave also to
bo thought of. The Egyptian loan in addition is a factor
wliich lias to be taken into consideration. Gold will probably
go abroad, though to what extent is a matter of uncertainty.
It is currently reported that no small portion of the indemnity
claims has been bought up and the equivalent in gold will be
retained here. The disposition for the moment is rather for
money to harden, but it is questionable whether any early
change of importance will take place. Quotations are firmer
than tliey were a week ago, but so far there is no great altera-
The changes
Bank
in the
England return are unim-
of
portant, the proportion of reserve to liabilities being practically
the same as last week, namely, 44'8 against 44 '93 per cent.
Tenders for £530,500 Natal Government 5 per cents have
been received by the Crown agents for the Colonies. The
minimum
was
price
The
100.
amounted
applications
to
Those at £101 received about 78 per cent and above
in full. The average price was £101 lOs. 8J. per cent.
The rates for money have been as follows
£1,148,300.
:
JnUreet allowei
lot dxpOtiU by
Open marlut rata.
4
1
Bank
LoiKlon
BUit.
Trade BilU.
\
JHsc't. fVxf.
Thru
Four
Four
Three
Six
Montht MotUht Monthe Umtha Monthi
Jun«20
July
•
••
"
"
3
10
17 I
24
31
"«®^:1<9~-W~ T~<i2~'mia
i«(»-i ®-;i)4«iJ6i ea
«a - w a
H-\3-\aH o
i:i«®
iii^a
Joint
At 7 to
Stock
Bankt. Catt. Days.
U
Six
MonOu
1««2«
- 1 ®i«
1)493
i!^a8
J
H»-%(» i«® 1 »\HlH»i
«a ilm-^ h'ih» -'i«a2 ijisa
1
The following return shows the
H
HH«-
jikiaiaH 15*3>2>(i
- iK9i«
H
H
H-H
19i92!4
2 ®2«
H
H-
Bank
position of the
of
England, the Bank rate of discount, the price of consols,
the price of middling upland cottoa and wheat, and the Bankers
Clearing House return, compared with the three previous
years
1885.
7ilay A other
Publlo deposlta
1883.
1882.
£
1884.
M
*
ClronlatloD.excItiding
166.815 25,988,700 26,428,790 27,296.050
5.361.615
6,097,128
4,418,488
3,817,101
Other depoaits
32.981,403 26,629,985 22,985,746 2ti.404,.">45
Govemm't securities. 17.0T0,()0l 13,579,571 11,964.368 14,349,2.>1
Other securities
22.09 1.437 22,122,924 21,328,091 22,877.520
Kes've of notes & coin 17,247,993 14,122,644 12,259,197 11,213,842
Coin and bullion in
both departments.. 26,664,813 24,361,344 22,928,987 22,759,892
bills..
2."i,
Proport'ii of reserve
to liabilities
Bank rale
44-8 p.
2
OonaoU
Bdk. wheat, av. prioe
Mia. Upland cotton..
No. 40 mule twist
Clearlnje-Uooso ret'n.
c.
p. "
99 'H
33«. llQ.
44 ^ p. c.
2 p. o.
100 'a
443e p.
4 p.
36 ?»
3
c.
0.
50s
42«. Id.
5181.
5'^6d.
p. 0.
p. o.
99»8
99 Ss
378. Id.
5i»if;d.
0(1.
67„id.
9 Slid.
lOUd
9»id.
79,240,000 112,275,000 118.730,000 139,339,OyO
8'8d.
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been as follows:
Julu
i».
July S3.
July
July
18.
9.
Bateeof
Inttrettat
Bank
Amsterdam...
Bmisela
Madrid
VleoDa
Petersburg
Cktpenhagen.
Bt.
Market
Rate.
,
Optn
Bank
Open
3
4
4
2«
4
Dank Open
Market Bate. Market Sou. Market
4
4
2«
4
2<<
4
am
2
25»
2
9ii
2>4
2«
2\i
3
4
S«
8
25*
««
8
2X
4
4
4
4
4
2X
4
e
6
3
4
4
6
an
3«
4
8
3
4
S«
8K
tlio, late arrivals of
17,0(M) III «riverel»ni.
iwn for PitrlK. The
II
'i
A
Austral Ims liroimht £l7,71ii
the Nllii Jt^.dim from Wiist
llie Hlvor IMato iind the Cuf
stu-.T u hlcli liaH bt'»*" I'll"
4
2.S
2iC
2«
2«
4
4
2H
2^
4
3X
4
3W
a
6
8M
I9i«d.,al
I
.
r
>h.i
.1
..
.1
of.
Inillt'S
from AiKtrnlln, anU
taken £150,000 to
>
<
..!
le
V.
Tin
,
,
«ii\
rr
"f
iniddbiiilddl"'
piM- Sill*
""
iiiiil
iiinntb,
inla
100
iprlsii£92,-J(ll) tniiii ,\
ipiu Chill.
The I", .t u.
I
and _
iJ,'.
.
uare
Iiikeu i£i82,.'>00 U> rndia.
.Mi'xli'ftn IJollars. with considerably hlttlier oxchances from China,
in Kiioil iliinand. and the amount per Nl'e not ""i' ''
was disposed of at 48>iiMd. P'^r ounce, anil we thh d.i.'
Md.
i:okti>4B%d. The .Vile broiiKht £(15,000 rroiii the Wrat Iii>
bara and the I'eshuwur has taken £137,000 to China ami ...^, ...
The quotations for bullion are reported as follows:
have been
Price 0/ Qold.
JulvSO.
a.
«.
Bar gold, Una., oi. 77 »M
Bar gold, oontaln'g.
SOdwts. silver. OS. 77 10«
Bpan. doubloons.oi.
8.Am.doublooa8.os.
July 23.
f.
77
JufySO
Price of SUver.
d.
»M
77 lOM
/uivs&
d.
d.
BarsllTer.fln«..oi,
Bar sIlTer.oontaln-
49 8-l«
4»H
4e9-l»
lng9Krs.Rold..ot.
Cake Bilrer
os- 5« 15-16
Mexican dols...ot. 48 U-l«
B3
48K
According to Kemp's Mercantile Gazette, the number of
in England and Wales gazetted during the week
ended July 25 was 100, or 42 more than last year, raising the
failure.^
increase to date to 356,
The number of
bills
of sale published
England and Wales for the week was 231, showing a
decrease of 4 from the corresponding week last year, but an
increase to date of 414. The number published in Ireland was
14, or 8 less than last year, making a net decrease to date
in
of
7.
failure of the Munster Bank has led to some unfortunate disclosures. Wlien the accounts came to be thoroughly
examined defalcations to the extent of £70,000 were discovered
and Mr, Parquharson, the joint Manager of the Dublin Branch,
The
absconded and up to the present has escaped arrest. The
disclosure has come quite as a surprise, nothing of the sort
being apprehended. An examination of the bank's accounts
shows the exact liabilities of the institution to be £3,148,01'J,
with assets .£3,187,447, including £114,838 cash in Cork offices
and 43 branches. It is now contemplated to resuscitate the
bank; with what success remains to be seen.
The weather lias kept fine for the crops, which have been
rapidly liastening to maturity. The heat at times has been
intense and its forcing character has caused some lost ground
to be recovered. The prospect as regards wheat ha-s certainly
not deteriorated and there is promise of a fair yield of good
quality; but a general shortness of straw must be expected
from the drought.
Barley and oats will certainly not be
heavy crops, in fact they can hardly fail to be appreciably
below the average; but the indications are that with favorable
conditions between now and the harvest the samples will be
of a good quality and in excellent condition, which will mean
that the bulk of the crops will be immediately marketable.
Complaints of want of moisture to the roots are still frequent,
but the outlook taken all round is not unsatisfactory.
The wheat trade has been in a lifeless condition during the
week. The fine weather has checked operations, reducing
them within the narrowest possible limits. la the few opera
tions reported English wheat may be said to have fallen Is. per
quarter and foreign wheat on the spot has also been easier to
sell.
For arrival, however, the market, although weak, has
not been so much.so as on spot. This shows very clearly that
there is an undercurrent of opinion which maintains the
It
belief of an advance in prices at no very remote period.
may indeed be questioned whether the possible effects of the
harvest and the chances of the market being well supplied
with new grain shortly have not been in a great measure discounted. The movements in values just now are not at all
important,
neither
is
the market
weak
at
the
reduction.
Buyers however seem disposed to hold aloof as much as they
can, trusting presumably to the chance of the array of needy
But that is an
sellers being more numerous than usual.
uncertainty upon which it is hazardous to speculate. That
values will go quotably lower for any length of time is doubtful.
2^
2X
2H
2«
3
4
Fmnkfort
Bamburg
Bun*
Rate.
P»rt»
Berlin
Open
deiniinil
ffold, the only aiiinuiit Hi'iit Int'i r'
siiinll siiniH (i:i3,o<iO in bar-.
Central
tion.
Abell write as toUowa on the state of the
bollion market
1
£3,065,000, of
is
wliich £154,000 was issued in February last at an average of
£3 tOs. IJjd, per cent on six months' billa and £1,611,000 in
Slay on three months'
181
Were
there
any speculative
feeling
abroad,
it
would
almost a certainty that the tendency of prices would be
more against buyers titan in their favor; but there is no specution on the contrary nothing but an inquiry strictly confined
to the supplying of current requirements; and so long as business is conducted on those principles the trade must have a
sluggish and depressed appearance.
The following return shows the extent of the imports of
1)6
—
THE CHRONICLE.
182
[Vol.
aXPORTS AND IMPOSTS OP SPBCIB AT NEW TOR K..
cereal produce into the Uaited Kingdom during the past
47 weeks of the season, the sales of home-grown produce,
the average prices realized, and other items, compared with
1882-3.
1883-4.
1884-5
owt. 51,703.023 46,703,973 60,575,053
Wbeat
15,643,7.51 IS.747,613 15,091,756
Barley
11,635.635 11,6^7,725 13,789,001
Data
1.953,030
1 ,5.50.598
1,826,514
Peas
2,850,351
2,880,017
3,286,477
Beans
25,019,408 25,983,226 21,433,188
Indian com
15,410,687 13,575,525 15,237,574
Flour
Supplies available for consumption (exclusive of
September 1) in 47 weeks:
1881-2.
53,832,334
12,297,802
9,944,903
2,043,996
1,891,724
21,240,744
9,103,439
Week.
9reat Britain
France
...........
1883-4.
1882-3.
1881-2.
60,575,053
15,237,574
41,768,000
53,832,334
9,103,431
31,296,000
105,361,703 98,164,698 117,578,627 94,231,773
The extent of the sales of home-grown wheat, barley and
oats in the leading markets of England and Wales during the
past 47 weeks of the season, together with the average
prices realized, compared with the previous season, are shown
Total
Av'ge
Price
Sales.
Sales.
d.
s.
Av'ge
Price
I.
2,€6t.l7-l 34
9 3.033.390 31
7l
Av'gt
Sales.
Price
d.
2,641,091 38
952,955 30
280,621 20
Wheat, qrs
Barley
Oats
1882-83.
18S3-84.
361,537 20
d.
s.
7 2,407,,553 41
3 1,944.370 32
268,530121
5
9
9
7
Converting quarters of wheal into cwts., the totals for the
whole kingdom are estimated as follows:
The following shows
com
1882-3.
1883-4.
37,883,190 41,73J,00}
the quantities of wheat, flour
1884-5.
owt. 38,2 17,993
Wheat
afloat to the
qrs.
Flour,eqaal to qrs
15'i,000
Ualze
264,000
qrs.
and Indian
United Kingdom:
At present.
2,y«4,00O
Wheat
1881-2.
31,283,280
Last tceek.
2.037,000
145,000
381,000
1883.
1.41G.O0O
177.000
Last year.
1,645,000
182,000
251,000
daily closing quotations for securities, &c., at London
reported br cable as follows for the week ending August 14:
The
London.
SO,.
Mon.
Tues.
«2.482
1,509,684
3,130,435
818,064
26,914
9,5(!2
63.001
5,529,412
West Indies
37,407
206.972
231,216
"756
?6,3?0,163
37,852,763
274,168
»38,357
607,042
South America
All other countries. ..
Tetal 1885
Total 1884
Total 1883
9
1,990
14,400
Silver.
lireat Britain
SinceJan.l.
«
$231,750
3,615
West InuleB...
85,875,252
8.022,267
5,108,753
$27,829
269
J9,236,128
414,916
99,078
220,955
13.278
6,468
324,176
63,467
200
330,979
246.667
531,651
7,458
17^565
9.1.32
hfexlco
South America
All other countries. .
8,235
642,124
23,674
$306,996 $10,641,466
425,302
8,646,579
235,660
8,378,963
$.50,564
52,.506
Total 1885
Total 1884
Total 1883
lOi.275
147.669
$1,114,853
2.442.747
2,742.232
Of the above imports for the week in 1885, |34,431 were
American gold coin and $30,385 American silver coin. Of ths exports during the same time, $74,000 were American silver coin.
United States Snb-Treasury.— The following table shows
the receipts and payments at the Sub-Treasuy in this city, as
well as the balances in the same, for each day of the past week:
BalaneeH.
Data.
Payments.
Receipts.
3
$
Aug.
"
"
Currency.
Coin.
$
$
Holi day
8.
35
08
37
84
OB
10.
11.
12.
13.
14.
1,563,146 40
1,658,063 54
797,790 03
1, 540,302 31
962,016 51
763,856
950,553
972,131
904,687
2,854,833
total...
6,521,848 79
._
161,272,168 78 26,037,456 28
161,537,923 18 26,479,206 34
161,366,167 18 26,476.621 00
161, 351, .8.52 74 27,126,749 91
160,583,136 78 26,002,677 32
6,446.063 70|
"
"
•'
2t>8,000
Eosllsh Financial [narketa— Per Cable.
€ire
$280,000
$
.
in the following statement:
1881-85.
Week.
SinceJan.l.
Sermany
stocks on
4K,705,973
13.575,525
37,883,190
1884-5.
Imports of wheat, owt.51,703,023
15.410,687
Imports of flour
Bales of home-grown. .38,247,993
Imports.
Exports.
eoid.
last season:
IMPORTS.
XU.
Wed.
Frt
rAur».
Bankers' & Merchants' Tel. Co.— United Lines Tel. Co.—
Mr. Edward S. Stokes, as President of the new United Lines
Telegraph Company, has received the deed for the Bankers' &
Merchants' telegraph property recently bought at receiver's
To a R. Y. Herald reporter Mr. Stokes
sale for $500,000.
said that Mr. John W. Mackay had nothing to do with the
" We agree to hand over to the
purchase. He said also
Reorganization Committee, representing the old company,
$3,500,000 worth of stock to be distributed to the general
bondholders and stockholders as their interests may appear.
:
49%
liver, per oi
d. 493i8
491s
Oonsols for money
9911,8 991118 99%
993i
9911 IS 99ilj6 99%
Consols for account
99^
80-7.5
80-75
Fr'oh rentes (In Paris) f r 80-82 Is 80-80
11513
11534
11508
U. 8. 4is8 0f 1891
1151J
12508
12558 125%
U.S. 4s of 1907
125»s
4514
45%
46
Canadian Faoltlo
4mi
8II4
82 14
Chic. Mil. & St. Paul.... Hl>8
g25e
1638
16'«
16'8
Erie, common stock
161s
.-. .
lasia
13514
Illinois Central
135% 137%
53 14
5339
5319
Pennsylvania
53%
Philadelphia & Reading
10
10
9%
9%
99 Os
New York Central
loo's
100% 100%
491,6
49
491,8
9978
1001,8
ItOig
99'8
80-75
11508
1155s
125%
125%
4HI4
461s
^2^
82%
ltj%
16%
xi3j%
53%
531s
1
ICa
10J»8
1
lOis
100 la
©ammcrctal and W^isczllixmons ^curs
Imports and Exports for the Week.— The imports of last
week, compared with those of the preceding week, show an
increase in dry goods and a decrease in general merchandise.
The total imports were 17,734,823, against |7,85.5,6i4 the preceding week and $8,272,023 two weeks previous. The exports
for the week ended August 11 amounted to |5,448,381, againtt
$6,318,866 last week and |5,352,371 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Au2;u3t 6 and for the week ending (for general
merchandise) August 7 also totals since the beginning of the
first week in January:
;
FOHSION IMPOK-rt AT
For Week.
1882.
1883.
82,630,145
4,830,300
$9,118,858
$7,460,615
$9,449,303
$7,734,822
Dry Goods
$'3,644,940
$78,018,071)
$73,896,053
Gen'l mer'Jise..
2-29,113,446
206,701,137
198,314,.531
$60,545,513
172.571,777
Gen'lmer'dise..
Total
Since Jan.
1884.
$8,223,502
6,223,803
1885.
$2,635,253
5,099,569
1.
Total 32 weeks. :t312,758.386, $284,722.207 $272,210,584 $233,117,320
In our report of the dry goods trade will be found the imports of dry goods for, one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending August 11, 1885, and from January 1 to date:
BXPOBTH FBOX HSV rOBK FOR TBB WBEK
1882.
For the week...
Prey, reported..
1883.
1884
of the wires of the Southern Telegraph Company soon, having
the control of its bonds and stocks. Then we shall have
5,000 miles of lines additional, which will give us tlie facilities
Ohio system, extending our lines
possessed by the Baltimore
to New Orleans, Charleston and all principal cities North,
line is also to be opened between ChicaSouth, East and West.
go and Minneapolis. When we get back the wins now in control of the Rapid Company, we shall have 50,000 miles of wires."
now
&
A
Wisconsin Central. — A press dispatch from Milwaukee,
August 12, said: "The Wisconsin Central Railway has
decirted to begin work at once on its new line from
Schleisingerville, its prfsent southern terminus, thirty miles
north of this city, to Chicago."
KBW TOBK.
$3,168,153
5,930,705
Dry Gouds
The new company owns all the assets of the old Bankers' &
Merchants' company, and now, instead of havin" an indebtedness of $10,000,000 secured by first mortgage bonds, we have an
indebtedness of only $1,200,000, a large portion of which has
been taken by myself. The standing of the new company,"
continued Mr. Stokes, "is good, and its first mortgages are
quoted at 90. I will give 90 myself for them — in fact tliey are
worth 120. The outlook for the future is good, and our lines
Our system now includes
will be extended in every direction.
By the 1st of
37,000 miles of wire outside of New York City.
September we shall reach Omaha. We expect to get control
—
&
Gwynn, of No. 16 and 18 Exchange
Messrs. Fielding
Place, offer for sale a limited amount of the first mortgage 6
Northwestern Railroad. The
per cent bonds of the Mobile
road is already in operation from Glendale, Miss., opposite
Helena, Ark., on the Mississippi River, 31 miles to Clarksdale, Miss., and the present bonds are issued for the pur|X)se
of extending the road through the Yazoo Delta to the Yazoo
Gwynn are a well known firm of
River. Messrs. Fielding
established character, and will give any desired information
as to the enterprise.
&
&
—
The Home?take Gold Mining Co. has increas?d its monthly
dividend from 30 to 35 cents per share. That for July is payable on the 25th at the San Francisco office, or at the transfer
agency of Messrs. Lounsbery & Co., Mills Building.
—
1885.
Auction Sales. The following were sold
by Messrs Adrian H. MuUer & Son:
Shares.
Sharrs.
$7,779,934
196,316,349
$6,559,077
210,274,002
$6,393,766
185,98t?,'i75
$5,448,381
196,530,115
at auction lately
10 Importers' & Traders'
10 Bank of Stnte of Georgia. $1 lot
National Bank
252%
7 Farmers' & Mediaiiics'
Bank of S:ivHnnah, Ga. $1 lot 100 Nat. Butchers' & Urovers'
148
Bank
5 SavannivU Albany & Gulf
Bonds.
KR. Co
$llot
200 Richmond & Alleg'v RK.
$1,200 Central RK. .t Bank'g
89i«
Stock Trust Certs. $'. 80p. sh.
Co. of Geortiii 8crip
11 CeutrHl RR. & Banking
$3,000 Am. Rapid Ti-legraph
.
Total 32 weeks. $201,096,283 $216,832,079 $192,38->,041 $201.978.49a
The following table shows the exports and imports of specie
at the port of New York for the week ending August 8, and
since January 1, 1885, and for the coneiponding periods in
1884 and 1888:
Co. of Geor»iia
26 Southwestern BR. Co
7214
115
Co. of Conn. Ist mi«rt.
bda (ex-Sept, ooups.) .$500lot
AUOC8T
THE CHR
15, 1885.1
United Ntateg Honda.— Qovernment bonds have been only
moderatel\ active the pwt week; tho 48 have advanced a trifle
anil flic 4i* rernuin about iilpady.
The closing prices at the N. V. Board have been a8 follows;
^^hc IBauhcra' <?5a?cttc.
o I V
•n» following divldnii'la Uave
I
n R
n
Ki
nioflntly i<««n
N
nnoannsd
e*nt.
PayabU.
North
f«
liiirlliiKlon
(jutooy
iS:
..
mmyh'Mnlii
9i
a
IS *n«.. 10 to Alls. 21
4>aii.
Aug.
2& Aug. 12 tu Auk'.
4«,
4».
II)
;tllii<M>llaiioouii.
Ail»in *
K » l>ii'"'<
3
Sept.
1
AnK.
(ii""!")
raiiiil
Dplntraro DIvIhIhii
Aug. 16 to Svpt.
1
15
NKW VOKK, PRIHAY. AUGUST
The
.Miiney .llarket
14. ISS5-3 P. M.
and Financinl Situation.— The A<,'ri-
Huroiiu ri'port of the condition of tho crops on the
There hn.s reof Aujju->t W1V9 cxccciiingly cncourafjinR.
cently b<'en some diunajje to wheat in the Northwest by
severe Ktorrns, but experience 1ms shown tliat the effect of this
sort of injury to a matured crop is ahnost always overestiinated.
In 'Willi Street the more hopeful tone has continued, and
there iire many evidences of returning confidence among
parties who have for months post kept aloof from all transThe important negotiation by which
actions in .itocks.
West Shore and New York Central are to go under one management, including in its train the nipping in the bud of the
threatened South Pennsylvania opposition, and the coal competition of the Beech Creek road, is a transaction that will be farreaching in its results, anil probably lead to a closer combination among the trunk lines than we have had before in years.
The Nickel-plate and Erie will necessarily be lifted out of their
difficulties, and the large crops and numerous cattle of the
South and West are likely to furnish a tonnage during 1885-86
which will make this alliance of tho trunk Hues more feasible
culturiil
132»(i'
6«, aur'07, '95..
6«,oar"oy, '96..
.rag. J.
«i,our'oy, '97.
Si.eor'oy, '98.. ..reg. J.
Si.oar'oy. '99.. .rec. J.
TUa li the
remains to be seen, but the confidence itself is a remarkable sign of change in the opinions of stock operators.
Rates for call loans during the week on stock and bond collaterals have ranged at l@a per cent and to-day at the same
Prime commercial paper is quoted at 3@4J per cent.
figures.
The Bank of England weekly statement on Thursday showed
a gain in specie of £003,103, and the percentage of reserve to
'liabilities was 44^, against 43 J last week; the discount rate
remains at 3 per cent. The Bank of France gained 697,000
francs in gold and 5,734,000 francs in silver.
The Now York Clearing House banks, in their statement of
justified
7, showed a decrease in surplus reserve of $3,085,625,
the total surplus being $61,638,475, against 164,734,100 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
Aug.
IV
12>J«H
A
A
A
J.
J.
J.
Aug.
I'.'
•
-t'i'Jft
rWa
•102''a
120 ,U2>.\t-lir, ,'124
128 M28>4M27 '128
130 IMaO^M.O M28
13.1V'3'<°h''3S»»*13:<»»I'13»
136»3'I85»8 •13SIH) 'IDSOs '185
price bid at the mornini; board
•first
and prutitable.
At the Stock Exchange one of the features of the market
has been the largely increased dealings and the advance in
low-priced stocks, showing that there is a demand for these
from ptrsons who believe that the four-years tide has really
turned, and the decline which began with July, 1881, has
How far their confidence will be
ended with May, 1885.
Aug.
KU'o'lO-
Sa.optloni;. 8..
*
18.
UIK* IlliV 111% 111% 111%
lit
Ml-J'-niS
lt2'«'U3
1891
1907
1907
8Bpt.
Aug.
11.
4>M,1891
Rnllroada.
<;lll<M>k'ci
Aug.
Btoki Otott(t.
(Oayi itiel'uivt.)
Per
Mame of Oompanti.
183
)N1(:LK.
:
no $ale
wm mad-i.
—
State and Railroad UondH. State bonds have been relatively active, the total fran.sactions being $23,000 Louisiana
7s consol., ex-coup., at OOJ-67; $9,000 Tennessee 6s new at
$1,000 Missouri Os, 1886,
47i; $20,000 do. Cs old at
at 103}; $3,000 do., 1887, at 104J; $3,000 Georgia 7g gold at
114i; $30,000 North Carolina special tax bonds at 6; $5,000
South Carolina Os, non-fnndable, at 3|; $20,000 Alabama,
class A, at 93J.
The market for railroad bonds has been very active and
48M8;
and nearly the whole list has advanced, the improvement being well distributed, and the advance being rather gen.strong,
than limited to a few speculative bonds.
not shown any great degree of activity,
but Erie Sds advanced sharply to-day on large transactions.
Drexel, Morgan & Co. announce that they have secured
the consent of a mijority of West Shore bondholders to
the Now York Central plan of reorganization.
Erie 3d8
close at 65J, ngain.st 03} last week; West Shore 5s at 43},
against 43; Atlantic & Pacific Ists at 73}, against 71};
do. incomes at 19 J, against 16|; Chesapeake & Ohio series
B, coupon off, at 70, against 66;
do. currency bonds
at 37}, against 23}; Denver & Rio Grande
Ists at 110,
against 108; do. consols at 71|, against 68; Denver & Rio'
Grande Western Ists at 53}, against 51; East Tennessee
5s
at
incomes
against
do.
at
56},
53};
16},
against
con.sol.,
coupon
New .Jersey Central
15};
off,
at 104f, against 103}; do. debentures at 0!)|, against 68;
eral in its character
West Shore
5s have
&
Louisville New Albany
Chicago Ists at 90, against 90;
Missouri Kans.as
Texas gen. 5s at 08}, against 65}; do. gen.
6s at 81}, against 78}; do. consol. 7s at llOf, against 110};
New York Chicago
St.
Louis Ists at 78, against 83};
Richmond & Danville Ists at 104, against 103|; do. debentures at 77}, against 76}; Texas
Pacific income and land
grant at 43|, against 39}; do. Rios, coupon off, at 57, against
52}.
&
&
&
—
Railroad and Miscellaneons Stocks. The stock market
has been more or less active all the week, and prices have fluctuated considerably from day to day, though the changes for
the week arc in most cases unimportant, and neither bulls nor
bears have gained any substantial advantage, unless the
maintenance of prices be considered a point in favor of the
bulls.
Ditl^er*nce8 fr'n]
PrevUnu yf'eekJ
.
.
Netdepoalta..
Legal U'liders.
Aug
9.
11.
i
Exchange.
»76,54I.100 $81,307,125
107,6^7,700
90,610.800
Inc. S9.^6.625
Dec. 2,129,000
1/egal resorvej
Beeerve beld.
Sorplns
A iig.
1883.
fnc .$6,543,300 $288,929,700 $326.601, 101
6.i,6i0.1ii0
4(17.100,
Ueo.
TB.SiS.OoO
Dec.
14,377.400
l.'S.450.80)
46,000
fuc. 3,826,S0O 306.164,400 325.228, !i00
Dec. 1,721,600
31,311,700
26.990,700
Loans and dls.
Specie
Cflreulatioii
1884.
$31.116.600
»(il.fi3'».47.T Deo.$3.085.'!2.5
»9.333.07.5
— Sterling exchange continues quiet, and but
little
business has been done, though rates continue quite Arm; rates
for money are firmer in London, and commercial bills here arc
not yet in large supply. Posted rates were advanced \ cent on
Thursday to f4 86i to $4 88i.
To-day the rates on actual business were as follows, viz:
Bankers' 60 days' sterling, 4 85i@4 85f demand, 4 87i@4 87^.
Cables, 4 87i@4 88. Commercial bills were 4 84@4 84J. Continental bills were
Francs, 5 30|@5 31} and 5 17J@5 18i:
reichmarks, 94|@94J and 95f@95i; guilders, 40i@40} and
40i@40i.
The following were the rates of domestic exchange on New
;
:
York
at the under-mentioned cities to-day: Savannati,
buvins?
J premium, selling \ premium; Charleston, buying par@l-16
premium, selling 3-16@i premium; Boston, 10@13 premium;
NewOrleans, commercial, 135 premium; bank, 200@250 premium; St. Louis, 75 premium; Chicago, 35 premium.
The
rates of leading bankers are as follows
Atigual 14.
Prlmebankera'sterllng bUlson London
Prime corn merclal
,
Dooamentaryooiumerolal
Paris (francs)
Amsterdam (guUderi)
Frankfort or Brnman (relohmarka)
The activity and strength of some of the low-priced stocks,
inactive until recently, has again been a feature of the speculation, and in regard to many of these favorable rumors have
been afloat. The Northern Pacifies advanced in the latter part
of the week on rumors of a contest for control on the part of
several trunk lines.
The Wabash stocks were also advanced
on the announcement that the foreign bondholders were about
to foreclose and reorganize the road, although this means an
assessment on the stock. Some of the Southern stocks have
been strong, owing to favorable reports of their earnings
and the exceedingly good prospects of the crops at the
South.
The leading stocks of the market have been very irregular,
and at times quite feverish. The grangers, notwithstanding
some reports of serious damage to spring wheat, have been well
supported, and the Northwests, common and preferred, particularly strong.
In the Vanderbllts, Lake Shore has been the feature. New York Central having been comparatively inactive.
They have been alternately strong and weak, and show some
rise in prices.
The coal stocks have been affected by rumors
of trouble in the coal trade, and after declining somewhat
improved latterly.
Rumors are still prevalent in reerard to the control of Jersey
Central, and the stock of that company continues to rise on
very large transactions, though some irregularity has been
shown at times.
The rise in Western Union has been checked by the explicit
denials of Baltimore
Ohio officials of the reports that negotiations had been in progress looking to a combination or agree-
&
:
Bixty Dayt.
Demand.
486I9
«4 Silo
1 84
1 83>934 81
5 20Ss95 20
4 881a
ment between the two companies.
On Friday the market was irregular with a pretty good
volume of business, and the tone generally strong toward the
5 l*?i8»5 171-i
40''3
403, „«
close, particularly in the Vanderbilt stocks, Erie 2d bonds,
Louisville
Nashville, Reading, Texas & Pacific, the Northern
4i''«'«
40-1]
94 's-*
95
t>5%9
95>s
&
Pacifies, &c.
THE CHRONICLK
184
[Vol. XI
NEW YORK STOCK EXCHANttE PRICES FOR WEEK ENDING AUCIIST
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday,
Ail(?UBt
a.
I
Monday.
August 10.
14,
AND SINCE
SaleB of Range Since Jan.
the Week
Tnesrtay. Wednesday, Thursday,
AuKustll. August 12. AugnHtlS.
Friday,
August
(Shares).
11.
RAILROADS.
Albany «& Hnsquehanna prel..
Boston & N.y. Air- Line,
Canadian Pacific
Canada Southern
Cedar Falls & Minnesota
43'i8
35
36
•10
14
47 's 48 'e
32 "u 33
Central of New Jersey
Central Paciflc
Cbesapeake
Do
Do
& Ohio
11
pre'
Chicago Rock Island * Pacitlc
Chicago St. Loui8& Pittsburg.
pre'-
Do
Ohloago
St.
Paul Minn.
Do
<fc
Om.
.,,'"''''
^^
Cleveland Col.Cin. & Indianap.
Cleveland & PlttsbaiE.su.ir..
t_i
East Tennessee Va.
Do
& Ga
—
112
7"i
7"a
iso"' isio-M
79^8 »0'8
112
112
11=8
19
....
434
7'8
22'..!
12
-3
"4
7014
12
4
71»,
41=8 423„
&
Manhattan Beach Co
Memphis & cli.arleston
29
96
2934
3H
4'8
7',
New York Central & Hurtson..
Hew York Chic. & St. Louis
prel,
Do
Hew York Lack. Western
Hew York Lake Erie & West'n
prel.
Do
Hew York & New England
Hew York New Haven & Il.irt.
Hew York Ontario & Western.
Hew York Susq. & Western
pret.
Do
Norfolk & Western, pref
. .
. .
—
pref
"12^
37 "s
Vssj
33'.
32 'a
22 Hi 23
954
94
11
11
434
934
434
7'a
11% 12%
538
10'4
7
20'8
l'^"*
127
44
38
51
19
20
'15'"
32'8
'is'i,
"is" "15
3.1
22% 23%
94=8
44%
0634
97'«
434
5%
\IS\
15% 16%
34
20
3436
2034
34 'a
21
1034
12%
34
20 '1
11
11
11% 11%
1034
2434
2234
23
47%
48!i8
48»8
la
=8
19
3
8%
2)38 24%
22% 23%
103,
231.J
27 's
84
39
6%
9%
51
21
539
25
12-
125
44% 45%
97% 98
10%
10
12% 13
634
8
7038 71=8
74% 74%
44 =4 47 3s
26% 26%
9.i38 95%
13
38
'125
6434
13
3U
65 '39
33
15
33
33
15
233b
24%
1234
1234
3.439
•93% 95
125
45% 46%
07% 98 %
4% 5%
10% 10%
93
16%
1638
35
35
13
4
16%
14
4
16=8
1234
4
13%
21% 21%
8%
9%
'a
138
23% 24
23
23%
48% 4939
4
23% 23%
23
24%
19%
493,
183,
3j
»,
19
48%
21
9%
47% 49
«B
19
32% 33
23% 24%
•91
3
734
23%
65
9334 96
12=B 13%
943,
12% 13
10
27
'64
11%
93%
22'8
5%
•20
25
125
-64
153,
22
19
8%
95% 96
13% 13',
3734 38%
93 ><
221a
2234
11934
5%
8%
5-%
50
"24
"96'
44
2034
23 't
'a
60
19
11
1%
9%
1939
20%
l>i%
.
20%
12%
20=8
13
1%
I9I4 191.
135»8 135»»
•12% 13
19
20
13
1939
18%
19=B
19% 20
13=8
20-9
13%
20:^
13=8
19% 20%
13% 14%
a0=8
21%
20=8
136% 136%
70,035
10,677
2.352
1,766
1
1
1%
29
29
67
28
28%
& DanviUe
& West P'nt Terminal
Pittsburg
Rome Watertowu * Ogdensb'g
Bt. Louis AU«n A Terre Haute
26%
27
3% 4%
27% 27%
St. Louis
19
I9I4
11)
3234
33%
33% 33%
81
81
82
Richmond
Rlchm'rt
«fe
A San Francisco
..
pref.
Do
1st pref.
Do
Paul* Duluth
pref
Do
Paul Minneap.
South Carolina
Texas & Pacific
8t.
& Manitoba.
-
Pacific
Virginia Midland
Wabash St. Louis
A.
Pacific
Do
pref.
MISCEM-ANEOUS.
American Dist. Tel
American Tel. & Cable Co
Bankers'* Merchants' Tel
Colorado Coal
&
Iron
Paclflo Mall
Pullman Palace Car Co
Quicksilver Mining Co
Do
11
5%
11%
11
64%
65
64% 65
638
EXPRESS.
67
67
28
•28
4%
27
10
6%
a
11%
434
3,460
40,815
60
14^
80 'e 81%
79
48
127
80
49!%
127
4%
24
71
72!^
14
0334
80=9
68
70
28-'e
29%
5%
18
27
18
28 %
27
19
19% 19%
33% 33%
4%
27
•33
95
96
WeUs. FargoA Co
INACTIVE STOCKS.
Atchison Topeka A Sauta Fe.
Burlington Ced. Rapids A No.
14=8
9334
81%
106% 105
85
3234
83
106
105
•3%
>)8
15%
49%
15
16%
16=6
4S
18
4«3,
1534
47% 49%
6=4
7
65
13%
8%
8=8
143,
80
49%
124
142
97
64
117
79
48%
491,
54
116
149
23
69
63
63
149
187
'200
Warren
Consolidation Coal
1639
Hew Central Coal
*
25
16% 16%
18-V
25
These are the prices bid and asked; no sale was made at the Board,
Juue
Lower price
le
29
17
3
Mar. 21
22
67'8
12
30
673i
8
9%
15% Feb. 27|
2134.\ug.l4|
137% Aug.
7!
7
1734
16% 60 =»
119% 135
ex-dividend.
Juno 6
Aug. 10
4 Jan. 8
14 '4 Aug. 6
25
65
99% May
67
114
34
«0% Aug.ll
834
603<
112
4G34Mar.21
62=8 Mar.
9
31
128% Aug.
5
80
107% Jan.
2
2234 July 10
53% Jan. 2
50 130 Jan.
167
87% Jan.
48 Jan.
104% Jan.
43,
30
72-=8
67
122
70 196
116
10
7%
4%
26
Jan. 22 145
May
Feb. 20
Mar. 30
Jan. 30
Aiig.lO
33,
20
49
2 142% Aug.lO 12s
3 97% May 4
87
2 65
Apr. 7 45
2111534 Aug.l3
98
66:% Julv22 78
Feb". 4 65
7 Feb. 18 13%
147 Jan. 29 1,52
50 Jan. 8 50
200
2% Feb. 25 6
30 Julv 23 30
67
28
86% Apr. 15
Jan. 3
5934 Jan. 29
21
17
t
8
37% 90
14
734 AiiK.12
68% Jan.
19
Homestake Mining Co
Maryland Coal
Ontario silver Mining
734
13 May
H9%Feb.
22% Mar.
197
2484
14%Au(;.l4l
Jan.
213,207
prof..
Louisiana* Missouri River..
Hew York Elevated
United Cos of N. J
Julv23
Auk. 1
Amr.lS
36%Auk
31
7
7
3% Julv 11
97
63
Apr.
Apr.
8
13,160
1,131
1164,11634
63
3
7
__
80
4%
•20
6i
96%
26%Jan.
150
3,7.'>6
...
Central Iowa
Chicago* Alton. pref
Danbury A Norwalk
Keokuk * Des Moines
23
68% 70
70
'4
14
52
June29
3.8,50
48«8 49'%
126 128
4%
23
Mar.25
1,274
80
97
•18
•141
96
•52
-114
125
7
.July
Mar. 28
Jan. 2T
7',
82% 82%
79
May
9
31
1
94%
9134
79%
,Iulvl»
23
ISS
80% 90
39
58%
.\iig,12
46
36
10
61
1,055
25
-4
6834
9%
64% 61%
13% 14%
13% 14%
94% 91%
82
82%
125
24
69% 71%
•96
•52
•118
143b
93% 94
81% 82
26% 26%
18
14% 15%
65
4%
106
12
133,
13»a
3334
85
2234
83
97
2,225
1,700
2,650
6,663
19% 19%
22
85
12
80% 80% 79
48% 49=8 49
126% 126% 124
141% 142% 142
St,ates
Do
68
29
5
126
1
Mar. 25
120 Mar. 9'l29% Apr. 20!
100 136% Jan. 2914334 .May 21 :138 iie'ii
1
May 22 2% Jan. 17
2% 5
61
44% Jan. 19 70 Aug. 14 32
18 39 May 29 2934 Aug. 6
32
12
2.=8Mar. 11
16%
5% Aug. 14
I'l
100 16 June23 19 Feb. 20 14
24
2,110
15 May 1 28% Aug.l4
60
13
1.970
17% May 8 21 Fob. 2.'i 11% 29
3,025 30 Apr. 30 3934 Jan. 8
24% 60
120 79 May 12 87% Jan. 10 70
96 la
300 18 Julv 31 24 Feb. 271 15
3234
758 77% Feb. 7 87 Ailg.llj 65
90
3,407 7934 J.au. 2 108% Aug. 1
76% 99
230
Jniieie 12
Aug.l2'
11
7
9
42,210
9% Apr. 8 16=9 Aiig.l4] 6% 22%
68,898 41 Mar. 21 65% July 18! 28
84%
100 15 Jan. 10 21 Aug. 1
21
16
10.795
19'4
2 Apr. 30
9% Aug.14
4
6,220
33
6% May 7 15% Aug.14
9
2%
2%
27%
3234 33%
•81% 82%
6=8
4%
133% May
Feb.
3534 Apr. 24
.
2134
2
2
pref
American
82
I's
28
87
80
85% S53, 86
106i4l06»4 106% 10634 106
•9
10
10% 10% 12
14=8 15
14% 15% 14%
48
60
48 =8 49=8 47%
•3%
Western Union Telegraph
19
l'(
•65
2l3j
14
Consolidated Gas Co
Delaware A Hudson Canal
Oregon Improvement Co
Oregon Railway A Nav. Co
67
1%
Low. Hlgb
Highest.
I
140»4 14034
1
124
88
For FuU
Year 1884.
1886.
1,
15
28
600
4''8.\pr. 22
9
.\iii,'.13l
6% 17
32 128 Jan. 2 139%.Tune 8' 118 140%
7,004 115%Jan. 2;131%July25i 107
12734
148,106 6434 Juno »' 83%Julv24'i 68% 94%
1.030 102 Jan. 281113% AuK.12
95'9:119
97,542 8439 Jan. 2ll03%.Vii«.;3 S1%|124
2,311 11934 Jan. 21139% Aiisr.is! 117 ll49ia
1,000 105 Jan. 2 120=4 Aug.lSi 100% 1263*
1,000
6% Mar. 31 1034 Aut.'.M' 6
13%
250 14 Julv 11 25 July 31 16% 35
4,6.50
18% Apr. 21 29 Feli. 25, 21% 38i»
3,800 66 June 8 91% Feb. 2* 80 34 100
500 23 Apr. 30 39 Aug. 14 28
691a
134 Jan. 31 141
Mav 5 125% 141
i'.ioo
14% Jan. 9 37 Aug. 11 33
33
156,278 82=8 Jan. 22 109% Mar. 9 8834 133%
10,8-20
439 Juue25 13
AUK.ll
638 25=8
700 55 Jan. 6 67 Au^'.U 52
82
22,298
234 Jan. 15
6% Allg.l4
3
8%
11,780
4% Junell 9% Aug. 14
43j
I41Q
1,000
37% Jan. 10 52 Mar. 20 30
61
8,703 14 July 28 23
Au;;.ll
300
3 Jan. 6
6% Aug. 4
3% 8I2
190 Juue30,2flO Mar. 24 185 200
14 Mar.26i 30 Jan. 14
20
61
2,285 119%Jan. 17 134
Aug.ll 110 140
100 84 Jan. 16 00 July 11
86
70
1,025
7% June 5 14%Fel). 2i! 9
20%
3.420
138 Julv 8 17
Fell. 21
193*
130,949 5034 May 12 72%AiiK.ll
69% 10434
265 62 Jan. 2 773, May 20 62
78%
80,534 22 Jan. 16 4739 Aiii;.14
22% 51 3»
1.2.)0
ll%Jan. 6 20 .-Viik.IO' 10
35
6,430 85 Jan. 13 98 July 2S
64% 79
500 11=9 Jan. 3 18%MnvlO! 10
24
9,673 27%Jan. 13 44
Mai-. 7
23
40
90 Jan. 2 125% June 2 85 105
821
46% May 7 65%Julv23 613. 94 la
100 29 June 1 3434 Feb. 26 31
4434
860 10% Jan. 26 16 July 30
7% 18%
3,060 24% May 20 3439 Aug. 14
36-%
17
74,802
14% Jan. 22 24i4Au^'.13
9% 23
8,331)
89% Mar. 21 98-38 J Illy 18 63% 100 la
3.082
61.
6
Juno 6 13%.\UK.13
13
10 11434 Jan. 2 126 JilU-141 115 1271a
5,200 33 Jan. 7 48%Aug.l4l 30
58
35.698 8134June 1 99 Julv'i-!
83% 122%
8,780
l%May 6 539 Aug. 10
4
10%
6,610
4 Mar.25 11%AUK.11
7% 20
555 84%JaD. 2 03%AuK.ll
94
83
24,891
9% May 29 16=9 Aiii,'.14 11% 28%
300 18 June29 35 Aug 13 20
71>a
1,510 12 Jan. 17 22% Apr. 30
8
17%
175 Jan. 2 190 May 2 175 184
0,769
634 Apr. 14 14
Aug. 13
1634
7
510
134 June 2
4
Aug. 13
134
6
800
4''8 Jan. 27
0% Aug.l3
4% 18
6,910 14 July 3 2534 Feb. -28
42
17
11,022
15 Jan. 17 24% Aug. 14
27
14
69,318 36%Jan. 29 49-3» Aug.l4
37% 67%
7,589
%Juiie 3
1% Aug. 14
1
41a
2,825
10% May 4 21 Aug. 14! 14=8 25 'e
90
71 July 9 72 Julv 23
46
1,500
1134
7%June24 12 Mar. lOi
5
200 14% Mar. 21 21 Apr. '27
834 24
39,561
1034 Apr. 8 20=8 Aiig.l
6% 34=»
special.
Rensselaer & Saratoga
Rich. & Alleg., stock tmst ells.
Lowest.
1885.
1,
1
139
98=8 100
11% 12
534
64
eU'^ 98
51,
5
«'.
10234
66
47,
6
7'(
60
3634
•125
39
9%
.
Peoria Decatur* Evansville..
Philadelphia* Residing
Pittsburg Ft. Wayne & Chic...
United
112
-
Ohio Southern
Oregon Short Line
Oregon «fe Trans-Continental
Adams
79=8
783,
112
9834 100
"1214
32 "a 3211
22 14 22-'e
94 "a 95 '6
41
92-8 93 '4
16 19 16-%
19
pref
73,
141a
836
37
"95%
63
HHj
100
129% 129% 129»jl30%
n5'%"i6'
•125
44
4+
97 38 98
h
Ohio Central
Ohio A Mississippi
8038
«20
28
48%
Northern Pacific
7%
838
113
»3j
. .
Union
79
112 113% 113
101% 102 '6 102
136 14 139
139
HO =8
45
10,850
1,000
14
51%
3U%
138% 138%
130% 130 130%
136
129^ I3OI4 130
79%
36
133,
'(
*B2
pre!..
7%
14
9
136
9
•7'-2
36
35=9
.736
ISifi
1938
23
'125
"UK
Hissonri Kansas A Texas..
Missouri Pacific
Mobile & Ohio
Morris & Essex
Nashv.Chattanooga & St.Loai8
Bt.
34%
06% 96%
45% 4534
14
503e
89% 89%
12% 12%
1134 12'8
11% 12
638
634
5% 5%
3^ 5
70=8 72 «
70% 71=8 7934 71
•74
•74
75
75
"44" "ii'-'s
41'8 423,
42% 44
27
125
Metropolitan Elevated
Michigan Central
Mil. L. Shore & West'rn, pref.
Minneapolis & St. Loais. .....
<fc
27
9d
38
Chl«,
Louisville New Albany
Hanhattau Elevated, consol..
14
6:
60
28
20
132'4 tl29'al31
132
leased line 4 p. ct.
Indiana BloomiuRt u & Wesfn
I,ake Erie & Western
Rochester
-10
49=8
48^1 61»B
34 '8
34
V34
7
12^1 13
98% 100
11% 12%
28
•20
Do
Do
45
4534
35 =3 3534
67
9-(
534
Illinois Central
Do
97
45 "g
36
60
.
Do
44'4
3638
37
37
90
13
37
llHi
4 Hi
7=8
..
Oreen Bay Winona & St. Paul.
;-•
Harlem
Houston A Texas Central.
Do
ti'n
12
12
97
103% 101%
10038 10 1 's 100 'e 102 "a
139 '« 138%
134^3 1311^1
134 13.1
11934 119'9 11934 119^4 11934 11934 11934 12034 •119%
-8
1034
-9
10%
1034
10% 10%
10
10 "a
23% 23% 20
25
25
24"i! 24Hi
27% 2734 2734 27%
26 "a 28% 27
27'
27
84
85',
84
85%
84
84
85
3838
•38
38
39
38
38
38
lO-a
pre'.
Lake Shore
Long Island
LonlsvlUe* Nashville
«0=a
08 "a 99 »9
*
Terre Haute
Fort Worth <& Denver City
BvanBTllle
M
64
Columbia A Greeuville, prel.Delaware Lackawanna & \V est.
DenverA Kio ramie
Dubuque & Sioux City
T*
112
......
Do
'4
Ttf's
pre'
Northwestern
>fe
11
'4
718
2dpreJ
Do
44 "a 45I4
35»8
10 14
47 >a 50
83»e 34 U
ehj
-
Istprel...
Chicago & Alton
Chicago Burlington A Onlncy
Chicago Milwaukee .t St. Haul
Chicago
4434
JAN,
I.
4
21! 197
Jan. 19 118
Feb. 9 20
Jan. 30 163b
Apr. 6
8
May 27 7
Feb. 7 25
8 62
4
60
Mar. 12; 11
Mar. 19 142
Jan. 8l 60
Jan.
Feb.
Feb.
6l
5
65%
67%
117
6%
34
TSJs
137
103
61%
115
80 »4
80
16
152
SO
5
July23
Mar. 17
May
19% 24
130
12 115
Aug.ll 1H5%'193%
1122%
Apr. 25 121
Feb. 27
Aug.l2
Mar. 23
Feb. 25
May
28
23
11
IS
10
98
AOOCST
15,
THE CHRONICLE.
1885.
185
UUOTATIONS'M BTATB AND RAILROAD BONDS, AVGUHT
STATB BOIfDfl.
BECDRITTItS.
A
im)«
A
7t Minn. O.
A
K. II.
ArkftiisHHOent.
7fl,
'
6»,lllln IHHllor 1890....
APiyl'mor t'nlv..<\il«'93
lOll
"lo"
«
13
KB
KU
13
KH.
BR.
l:t
Hminllwl
New Vork
la
0»
lo:<
7 •.gold, 1890.
1887
.lil,J.*J.
'
Aak.
•Id.
e*,iMWMrte«,lBU....
......
non-(iin(l»lil«, IH88.
Brown coimol'ii Bk. 1893
6«.
vinnni»-aa. old
6a, new, 1866
"ho'i-j
us
S»4
'
1
m"
a<g
Dlatrlot of CoIttmbU—
8-6B8, 1B3«
47 »4 "mX,'
47»4 49
Dew, 1899.8-1900...
49
S6
40
6a, conaol. iMinda
ea, ex-DMiureil conpon.
6a, conaol. , 3d aeiiea
6a, deferred
108
Tenneaaee-6.'i,oiil,l8U2.8
.'.'.'.'.'.
47 »«
0-inp-iiilM,8.4.S-6«.lB13
4Hl
WII.U.AHa.R.
Connol. 4ii, 1910
'87''-i
113
6a, 1919
103
Ohio— 6b, 1H86
South Carol lii»—
6a, AotM»r. 23, 1869
3",
1
110
114
117
30
10
20
Do
104
On, rog.,
FumUug act. 1900
1
N«w boDda, J.AJ., '93.8
Bpeolal MX. »ll clMUM..
lO'.'
1
N.Cii'-
112
irj
IIM
Ml. Jo. •8«.
I
6»,
KWKi
*
BKOUBITIM.
AA.'
Bid.
n. Oarolliut—ConUnned—
lO'.l
iM'il
l,v...
8,,
4
«i)orKl»-0«, 188a
BKOrBITIKB.
A*k.
Bid.
79
Lanl«lkO»-7>, 'Wiu.,191i
Kx-niatored ooupoD
Orthi!
101 'J
Ml««oull-««, IrtUB
1
9l>g
«t, 10.30«, ItMKI
rk»uiui»i - Ha. fiiiulKd....
Kt.s. iiM.
T». I. Hock
»», Mi>mr.<tl..Uock
7«. L. K.i-.H.A N.O.
91
KU
OlMit U,6il, IIIUU
OUmC, 411,
sxonRiTrm.
A*k.|
Bid.
Al«Ii»m:i-Clli»ii A, 1906.
14, 188«.
114
Beglatered
— ~.
no
rondlncea, 1899
HAILROAD BOND9.
SBCURITIE3.
SECURITIES.
Aak.
Bid.
I,.
N.Y.Lack.A W.-leLOa
Conslriictlon, Sa, 1923!
7a»4 Del. A ilud.raiial— l8t,7ai
115^
119
124
1'
79
1
1
Buir..V.Y.AE.-l9t,1916l
Ml»«.K.Br'ge-l.si,8.f.0e
N.y.I.,.E.&W.-New2d69'
Chlc.Burl.A ynlncy—
Collafltrust, 69. 1922.!
!13S
... *
Conaol. 79, 1903
Buff. AS.W.—M., 09.1908!
6a, atnkiugfuud, 1901..
Ev. A T. H.— iBt. eons., 69!
lioi'^i ioi'i'
68, del>outures, 1913
Mt.Vem'n— Ist.Oa, 1923
la. Div.— .S. fd., .1*, 1919 ''107KJ
FriAP.Marq.— M.69,1920
98>«! Gal. llar.AS.Ant.— l9t,69
98
Slnklngfuud, 4!i, 1919
Denver Civ.— is, 1922..]
98
2d, 78, 1905
Plain 49. 1921
West. Div.— let, Sa
CE.I.A P.— Ob, cp., 1917. 131
2d, 69, 1931
128
6a. reg., 1917
Gr'nBayW.ASt.P.— lat,6ai
Kxt. A Col., 59, 1934.... 110>4ll03l Gulf Col. A S.F6-79, 1909
Keok. A De9 M.-l9t. &al 109
2d, 6a, 1923
Central of N.J.-l.st. •«() t.! lliW
Hau.A St.J.- Con.09,1911
lat,con8.a89eQt. 78,1899f 104 >4 103
llouslon A Texas Cent.
1902'' 104
Conv.,aS9euted, 7s.
105
lat, M. L.,78, 18911..
AiIJU3tiueut, 7», 1903... lOSHi
iBt, Western Div., 7at
084 70
Conv. debeiit. Ob, 1908..
Iflt, Waco A No., 7al..
I,eh.&W.B.— Con.g'd,a8. 97y
2d, conaol.. main line, 8a
Am,D'kAImp.-58,192ll
86
2d, Waco A No, 88,1915
Cilo. Mil. A St. P.—
General, 68, 1921
129
let, 88. P. D
Hou8t.K.AW.Tei.-.l8t,78
122 123
ad, 7 3.108, P. D.. 1898
2d, 68, 1913
129
lat, 79, $ g., R. n., 1902.
Ill.Ceu.-Spd.Dlv.— Cp. 68
118l4ll9'2
lat, LaC. l)lv., 79. 1893
Middle Div.— Reg., Ba ..!
120
lat, I. A M., 79, 1897..
C.St.L.AN.O.— Ten.l..7a
'
I
I
'
I
I
I
1
I
1
'
I
.
A
127
i
lat, consol., 78,
lis
99
130
123
Dub.A S.C.-2d
Ced.F. A Minn.— Ist, 79.1
Ind.Bl.AW.— Ist, pref., 78]
1
l8t.S.Mlnn.01v.,li8,191o'
113
120>2;121
l8t. H..V: 1)., 7s, 1910
.
181,508, 1909
2d, 5.6.9, 1909
!
,
;
.Northwest.
-'.
b.Mids. 78,1913.
sfuM. 7s, r.ioa..!
'U,
s,
.
S'
s.
.;d. sold. 7s. I'JO'.M
;:k fund, lis, 1929..
limd, fJ8,l'.)29.ri!!?'
-lufuiid, .^», 1929
fund. 5s. 1929. rpg'
S:!i.. L-til.dcl).,58. 1933.
l!.'. \. :11s deb. 58, 1909 ..'
1
Consol. conp,, Ist. 78.
Consol., reg., l9t, 79 ..
,
102^)1
Consol., coup., 2d, 79..
Consol.. reg., 2d, 79 ...
Long lal. RR.-lst. 7a,'98
l8t, consol, 5s, 1931
125
Iowa MIdland-lst, 89.1
Pt'iiinsula- l8t, couv.,791
Chlc.A Milw'kPe— l8t,78! 124",
Loulav.A N;UiUV.—
Win. A St. P.— lBt,78,'87 105 -jl
Con9ol., 7a
2d,7», 1907
Cecilian Br'ch— 78, 1907
Mll.AMad.-1.9t,69.1905,'115
N.O.A Mob.-lat,0a,1930
lOS^ij
Ott.C. F.ASt. P.-l9t,5«l
2d, 69. 1930
E.H.AN.— lat.O.B,
No. Wla.— let.
Pensacola Dlv.— 09,1920:
St. L. Div.-l9t,0s,1921
2d, 39, 1980
80
Chlo.t \V.Ind.-l8l,8.f.,68i 114
Gen'l molt, «B, 1932
.j
90
117
106
Clilr..--t.l,.AP.— l«t.con.S8[
.
Ool.4l)n>(Mi.-l8t,B8,19I0
2d,0.«.
1»2«
I
•6 "2
Col. H.Val. ATol.— iBt, 5«l *7«
Del. L.A W.-7k.comt.,'92> 110
.
MorKage, 78, 1907
125'al.
!
1
ByT.Blng.AN.Y.-l9t,79 '13 l^il
'
No
Nashv.A Doc— Ist, 78.
S.AN.Ala.—S.f.,09. 1010
I.onlsv. C.A L.—68,1931
I
68, i9.TO.
Bt.P.AS.C.-)9t,tis,1919: 1213.1 132"
Chic. A K.lll.-l8l,8.f.,cur.( lll'u 112
Cmnol.. l9t, 6a.l934....l 9»!4 100
prices Friday
;
'
1919.
General, Ba. 19.30
I
I
!
i
103
St.P.Minn.AMan.-lat,78,''ll*'«
*
115
2d, 09, 1909
Dakota Ext.— 69, 1910.. I'lllHi
l8t, conaol., 6a, 1933. --.I
Ist, conaol., 6a,reg., 1933
Mln'9 Un.— lat, 69, 1922
St.P.ADnl.— lat, 59, 1931
So.Car. R'v.— lat. 08, 1920 106
89
2d, 08, 1931
115
US
79 -a Bhenand'hV.— l8t.7a,1909
S9
General. 08, 1921
43 >« Sodna B.A So.-lst. 59, old *10l
Reglatered, 5s, 1931
Tex.Cen.— l9t,8.f.,7a,1909 62
iof"]!..
N.Y. Susq.A W.— lst,6a.f 62
l9t, 79,1911
82
97'3
97
Debenture, 68,18971..
Tol.Del.A Burl.— Main. Be
112^115
Ist, nayt. Div., 69, 1910
Midland of N. .1— lat, 68 92''ij'94''i
105 106
N.Y.N. H.AH.-.lst..rg.,48 '.'.'".'.
l9t, Ter. tru9t, O9, 1910.
100
ioih. Tex.A N.O.-lat, 7s, 1905 HSHl
N.Pac— 0.1.gr.,l9t. cn.,68
91 I....,
104
02
Sabine Dlv.-.lat,fla,1912
Reglatered, 6s, 1921
*6i=9'
HIH
N.O.Pac— lst.0s,g.,1920f
Va. Mid.— M. Inc., 09,1927
72
74
44
Norf.AW.— Gen., 69. 1931 95 100 Wab.St.L.APac— Oen.,08 39
108 llOV
*75
78>«
Chic. Div.— 59, 1910
New River- l8t,68,1932
118 119
83
Ilav. Div.-69, 1910
OhloA MisB.— Consol. 8. fd
118'4
120
Tol.P.AW.— l8t.79,1917 82
Consolidated, 78. 1898.. 118
*58
Iowa Div,—68, 1921
2d consolidated, 7a,1011
95
Ind'poll8Div.-08,1921.
Ist. Springfield Div.. 78 •90
-75
88 Hj 90
1st, general. .>9, 1932...
Detroit Dlv.— 6a. 1921 .
Htihi
CairoDlv.— 59, 1931 .--50
Ohio Central— let, 09.1920
66
67
Waba9h— Mort. 7a, 1909
lat, Tenn'l Tr.,09, 1920.
Tol.A W.— Ist, ext.,78. 106 -a 108
l9t, Min'l Dlv., 09, 1921
•87
88
Ohio 80.— l9t, 09, 1921 ...
lat,St. L. Dlv..7s,'89.,'
98
90
Oreg'nA Cal.— l8t,68,1921
2il, ext., 7a, 1893
Or.&Transc'l-68,'82.1922 "so" SOM
Equlpm'tbda, 78, '83— Ist, O9 83 >a
Oregon Imp. Co.
Consol. conv., 7a. 1907
75
80
110
113
Oreg'n llR.ANav.— l9t,6B
Gt.West'n-l8t,78,'88 106
123
S9h
Debentures, 78, 1H87 ...
2d, 7s. 1893
123
101
Panama— S.f.,9nb.6s, 1910,
aAToI.— 1st. 7S.1890
118
Peoria Dec. A Ev.— 1st. 6al 90
Han.A Naples— Ist, 7s
111 "a 112 'a
90
Evana.Dlv.— l8t,68.1920 85
Ill.ASo.Ia.— lgt,ex.,Og
ill
101
St.L.K.C.AN.— R.e.,7B 95 100
PeorlaA Pek. Un- Ist.Os
H3'4ll4'a Pao.RB.—Cen. Pac— G.63 113 114
Omaha Div.— lat, 79. 80
105 1.J
113
Clar'daBr.-6a. 1919
San Joaiiiiin Br.— Os
66
70
99 >4 100=4'
St.Chas.Kge.- l9t.09 '81
Cal. A Oregon— 1st, 69
54
99 100
lis
Jfo. Missouri— 1st, 7s.. 110
Cal. A Or.— ser. B., Os.
70
Land grant bonds, O9. 104 !106
Weat. Un.Tel.— 1900, coup, ^117
88
!ii7"'
Weat. Pac. — Bonds, 09.. •109 =4 109 "a' 1900, reg
81
N.W. TeIcgraph-79. 1904
No.R'wav (Cal.)— l9t. Os 110
110
77-3 80
99
99 "a Mnt.Un.Tel.. S.fd,69,1911
80. Pac. of Cal.— 1st, 08.
'78
78
80. Pac. of Ariz. — l9t, O9
95
So.Pac.ofN.Mex.-lst.Oa
INCOME BONDS. .)
115'-4 115
't(Tnterfiit payable if enrmd
Union Pacilic— lat. Ob
N.Y.C.Aat.L.-lat,69,1621
2(1,69,1923
Wt
42',
•42
N.Y.W.Sh.A Buir.— Cp.,5a
1
1
I
1
!
I
I
.
I
i
'
!
Trust bonds, 68, 1922.
10.40,69.1924
L.Krle AW.— l8f,68, 1919
Sandnaky Dlv.— 68,1919
Lal.Bl.AM.— l»t,Oa, 1919
Loui8V.N..A lb.,tC.— l8t,6s
(leueral niort.. 09. 1914.
Lou. N. O. A Tex.— 1st, 5a
Manhat.B'ch Co.— 79.1909
K.Y..<.M.Bli— l9t,78,'97
Metron'Ufn Kl.— lat,1908
2d. 09, 1899
.
I
"-i
SlnkiuKfund,
lAtl.A Pac— Inc., 1910--..
ICentrnl of N.J.-1908 .---
121
8a, '93-.
....
'122
Reg., 8.S, 1,893
Collateral Trust, 69..-
19>«
19=4
!E.T.V.AGa.-Inc,69,1931| "16=4
IO7141....
Land grants, 7s, '87-89
"l5'i
Gr.Bay W.A St. P.— 2d,inc.
I
17>«
I
17>«
Ind.Bl,AW.— Con., lnc,68 16
18
20
111
Ind'sDec.A .Spr'p— 2d,lnc
109 112
Trust Co. Kecelpts
1st, fla, 1896
12734'
Leh. A Wilkesb.Coai.- '88 •73" ryft"
Denv. DIv.68,a98..'n9 99" 111
127 H:
99 v. Lake K.A W.— Inc., 7s. '09
17'a.
lat, con9ol., 0s,1919.
118 1120
15
20
Sand'ky Div,— Inc.,1920
C. Br.U.P.— F,c..79,'93 103
117
119
At.C.AP.— lst,Gs,1905 91"' 95h' Laf,Bl.AMun.-.luc.7B.99! •15
73
1-22V
93
Sill. L. Sh.A W.— Incimies,
At.J.Co.AW.— Ist, 08
90 14 90=41 Mob.A 0.— l9t,prf..deben. •54
108
Orcg. Short- 1,.— 1st. Os
io"
92
32
2d, pref., debontiircs
rt. 8o--Gen„79, 1909
123
87
26
3d, prof., debenttiros
Exten., Ist, 7a, 1909
103 107
22
102 Hi
4th, jirof., debenturea...
Ho. Pac— 1st, con9., Oa.
40
90
90 "9
114
N.\M.akeE,A\V.-lnc.(j8l 35
Sd, 78. 1906
82 \ 83 ij
Pac of Mo.— lat, 6a... 104 "a 105 >« Ohio Cent.— Income, 1920 •l-a 2>«
110
109 "a
Min'l Div,— Inc,7a,1921 26"
2d,7B, 1.S91
102 "a 104
2IH1
99
Ohio So.—2d inc. Os, 1921
St.L. A S F.-2d,0fl, CI. A
92 |....
97
PcoriaD.A Ev.— Inc.,1920
69. Class C, 1900
looH)!....
98
EvaUsv.Div— Inc., 1920 27
Os. Class n, 19(10
98»4|
•50
Ist, lis. Pierce C. ,t O..
Roch.APittsb— I11C..1921 45
38
110
....
Epuinment, 7s, 1893.. 'i05 ioi'i: Rome W. A Og.— Inc., 7a. •30
'94
34
36 >•
Gen'lmort.. 6s, 1931.. •91
So. Car. Ry.— Inc.68,1931
35
So. Pac.of Mo.-lsl, Os 103 >4 i03>i St.L. A. A T. H.-Div. bda.
90a4 97
FREE LIST.
Tex.A Pac— Int. 08.1903 108
87
Cln.A Sp.-lst,C.C.AI.,7a 109
Conaol.. Oa, 19051 ..
81
42
Ist, K,. L.S..*M.S., 78... 110
Income A Id. gr.,reg
42>a
60 Hi
75
:Cnm. A Penn.— l8t,6»,'91 103
Rio O,, 69, Aug, cp. on
'103
78
2d, lis. 1,888
I>o
exAng, cp. 65
72
74
Col.C.AIr.Co.— l9t,con.,69
42 "a
Gen. niort A Tor. Oa..
Di\s M, A FI.D.-lsl, Oa,- -68
Pennsylvania UK.—
100 'Faiij'^A Southern— lsl,Os 109
Pa.Co,'9 Kuar.4 '-.is.lflt.cp.
irt. W.A Deuv. f -lat, Oal
Pa. Co.'9 4'.i.9,Reg,, 19211 100
iOnl.ll.AHof '8'J-lsl. 5s.' -lis
TO
Pltt8.C.ASt.L,-.l9t.c.,7a, '119
•Jefferson.- l9t. 7b,1889..i
jllS'*
l9t. reg., 78. 1900
58. 1907
Do
Kana.Pac— lat, 68, '95
>109
i
I
C.C.C.AIIjd's-lBt,7,8.fli lUl
:*112'» iic"
Consol. 7.8, 1914
Consol. sink, fd, 7s,1914
Qenvral consol., 09,1934(
Chic. St. P. Mill. A Om.112 11334
Consol. 08, 1930
C.St. P.AM.-l8t09,1918 -121
123
HI
2d, pref., 7b, 1894
2d. tncoino, 7a. 1894 .... *101
Bellev.A So, 111.— Ist, Ra *113
1
!
i02i4h----l
i.M.AMin'ap.-l3t,7g
St.L.AltouAl'.H.— l9t,78!
.
98 79 Indianap. t>. A Spr.— lst.7a
98^ 1st, 7s, ex fund, coups.]
Int.A Gt.No.— l8t,63, gold
98
Coupon «9, 1909
91 'a Kont'ky Cent.— M.C9,1911
Stampeil, 4 p. c, 1911 ..
137>4 138
Lake Shore A Mich. So.—]
1.30
Cleve.ATol.— N. bd8.,7i
117
128 129
Cleve. P. A A9h.-79...
117--jl
Bilflf.AErie— NewlMl9,78 12213 124
iinHi
Kal. AW. Pleeoii— Ist.. 107
106 "a
Det. Jf.A T.-l9t,79,190B
Lake Shore- Div.bonds. 122
i^iuba&I,. S.-lst.Os, 108
ii<
!
Ka.steru Div., 69, 1921..
!
I'llOHj
Arkansfis Br'ch— 1st, 7a 'llOU ......
Cairo A Fnlton— lat, 7a.; 100
107'«
Cairo Ark A T.-laf, 78.;^107
Gen. r'y Al.gr., 5s. 1931
79
80
I
1
Div., 78.
1
,..
'US'*
2d, 78, 1897
46
46
Trust Co. receipts
N.Y. A N. Engl'd-l8t,79t 117 "a
lat, 6s, 1905
t
130
A Iron Mt.-lst, 7a.
78<!i
t
1
Gold, 58, 1951
I
CUiC.APac. biv.(!s,1910, 115
lat.Chlc.A P.W.,fi«,Ii(2l
98'i
"""
97 's
Mln'l PI. Div., 5a. 1910.
C.AI.Sup. Div.:.s.l921 99
Wl8..t Mlu. l)iv..->s, 1921' 97 Hi
84 "i
Tenninal as. 1914
.<:
1897..
2d, 68,1907
I
125
I.AD. Est..l908
lat, S. W. Dlv.. 68, 1909.!
let, o.t, LaC.ADav.,1919
'
St. L.
1
'
;
Ohir-
I
N.Y.P.AO — Pr. I'n. 09.'95
N.y.C.AN.— Gen. ,08,1910
5th, 78, 18,88
1st, coU8.,gold, 78, 1920, 125
lat, cons., id. coup., 78 ..( lis
Reorg.. Ist lien, Oa, 1908!
Long Dock b'nds. 7s. '93 114 ^
I
I
I
[
I
„
75''8
Debenture 6b, 192'7?.... 77Hi
Atl.ACh.— l8t,pr.,78,'97|'ll'«'a
'90
Incomea, 1900
Scioto Val.— lat, cona., 78.' *35
i
>
A
Con., lat, ext., 5a. 1922.1
—
•
114
92
Con9ol,,l9t, 68, 19421... *91
69
Rlch.AAlleg.--lBt.78,1920
TrtMl Co. recelpta
Blch.,t r)aUT.-Conajg.,6ai 103'4,103''e
."i.s,
;
*1H
Roch.APltt.— iBt.fia, 1921i*110
,
1
I
l8t,7a,
2d, 79, 1891
'102^1
1
j
108S
•US
Pittab.McK.A v.— l9t.«9
117
102
I
.
*
1892....
RoineW.AOg.— lat,7B,'91 'HO
121
'
I
56
inv.— l8t. On, 1912... '67
Chesapeake A OhioPar, munev fuml. IrtS."!.. 109 110
103 "a
68, gold, Hori08 A, 1908
00
6a, gold, aeno8 It. 19081
*1.'U
68, ourreucv, 1918
8«
Mortgage 08,1911
Che«.O.AS.W.-M.5-6s..
71ii
Chicago A Alton—
115
Ist niort.,78, 1893
Sinking fund, 0,1, 190:i.| l',i2Sj'
La. A Mo. KIT.— Ist, 78.1 116
ua
2d, 7s, 1900
81. T,. J ack. A Chic— l»t 120
122
l8t,guar.(064), 7s,'91l
2d, (:i00),78, 1808
Sd,guar. (188), 78. -98
fd.. 6a,
June—
I
111.
.
Pitta. c'leve.*Tol.-lat,6B
Pitta.
lat, 6a, 1922|
;
1913
D., 78. 1H99....
M., 79. 1903..
Con9ol. 78, 1905
95
,100
)
Kast. Dlv.-l»t. 6«, 1912'
lat, 1.
lat, C.
90
'
Iowa— l8l,78,'99 11
Central
113V
Iowa Ext.— lat, 78, 1909
a-
2d, 78, 1898
2d,giuu-., 7a, 1898....
'
'.
I
4th,
St.L.V.AT.H.-lat,g.,7a
8'thw.Ext.—l St, 78.1910 112 Ill2"a
1,30
....
1 81, con8.,giiar.7a, I906j
Pac. Ext.— 1st, 6a, 1921 106
116
82
Mo.K.AT.-(!enl,0a,1920 81
iBt, cons., gu., O9, 1900 115
68 Hi 09
General, Bs, 19'20
Rena. A Sar.— Ist. cp.,79, 139
110 ,111
Cona., 79, 19045-6
l8t. leg., 78, 1921
i09V iio"
Denv.A llioOr.— l8t. 1900,
Con9., 2d. income, 1911.
71
73
Ist, conaol., 78, 1910...
H. A Cent. .Mo.-l9t, '90 108
66
Dmi.So.Pk.APac.- l8t,7s.
Mobile A Ohio-New 68.. 107%'
63W)
S2V
DiMi.&KloO.We.st.-lst.Oa
Collater'l trust, 6s, 1892
55
not.Mack.AM.arq,— l9t,68
lat, Extension, 69 1027
'101
Landgiant, Skis, S. A...t
Morgan'a iJi.A T.— Ist, 6« '
•95
E.T.Va.AO. -191.79. 1900 •114
lat. 78, 1918
65 »8 66
l9t,coua.,
1930
Nash.Chat. A St.L.— l8t,78 121 "a'
•47
100
Ex coupons 9 lo 12
2d, 6s, 1901
•tfa-a
Dtvl9lonal 59, 1930
N. Y Central-68. 1887... 108
>106
Eliz.C.A N.-S.f.deb.,c.,63
Deb. certa., oxt'd 5a
'.l'.""
l9t, B9, 1920
N.Y.C.A H.-lat, cp., 78 132'a'
87
90
132 >a
Eliz.l.ex.A BigSandr— 6s
lat, reg., 1903
106
Erie- lat, extended, 78... 125
Deb., 59, 1904
109
21I, extended. 59, 1919 ..
Harlem— 1st, 78, coup .. •137
137
3<1, exten<led, 4 His, 1 923.
let. 78, reg., 1900
4th, oxteiulert, 5s, 1920.
N.Y.Elev'd- lat, 78, 1908 121^ 122 >»
2d, 7a, 1885
^
78
ibo'
MU.L.S.AW.-l9l,09,1921 >104>al05>a
I
1
*140>«
3<1,
Mich. Dlv.-l8t,0a, 1924
I36I4 Mlnn.A8t.L.-lst,7s,1927
188lj
1st, Pa. Dlv., r«g., 1917.1
Alb. ASoao.— lat, 78
Bid.
Pltt«.Ft.W.*C.-2d,7a 'isei*
7a,1913
Clev.APltla.—Cona,9,fd. 128%
126
lat,Oa, 1884.1913
iifiYs
l9t,Pa. r)iv.,cp.,79.1017
C.Rai).I.F.A.N.-l»t,fl8!'108 I.
90'a.
l8t.5.^, 1921
Bntf.N. Y.& P.— Con«.,6«l
|.
General, 09, 1924
Can. So.— Irti. int. guar. ^9 99^100
5»,
115
ext., 79, l.-*91
1
79, 1891
Keglstenid, 78. 1891 .... '118
I
ad, 58. 1913
loot,
'
Oouuou,
I
'
BeK,
97-'^
Iflt,
|
Hark. Ur., 1919. 121
104 >g 106
Oe.gold, UUu
58, K*>\\\. res
Bnr.O. Kan. ct No.— lat. 68; io»\ii!;;i
93
Consol., l8t, 5k, 19;U ...| 97
Mlnn.Ast.l-.— l»t,7».<?ii.
la.CltyA W««t.— lst,7a
•43
Jack.Lan.A .Sag.— Oa '91
Mllw.A No.-lBl, 08, 1910
0.1.
SECURITIES.
Ponn.RR.—Continued—
Pitt*. Ft.W.4 C.-l9t.7a
Aak.
Bid.
1911
lat M.,78,ex-cp.,fl,7,A 8
Mloh.Cent.-Coh9.78, 1902
Conaol., 6b, 1902
1243«
Sa, 1909
|12U
Coupon, 5a, 1931 ....
121 V| ....
Reglatered, 5a, 1931
Exchangt Prica.)
AOhlo-
7s,
141
lat. cui)9ol., guar., 78.,
l8t.
8ECT7RITIB8.
Aak.
Max. Cent.— lat,
Bonds, 7s, IWIO
7B0f 1871,1901
AUlh.T..tS.Fe-4V,»,1920! '92
mnklnit Kuud, 0», 19I1.I . ..
All. & lMC.-l»t,U». 1910.' 72
B»ltini..n-
I
2d, 79, IS'.n
Bailroiid Bonds.
iStotk
Bid.
*
W.-Contln'd—
Morrt9.t KBses— lat,7a.
Del.
these are lAt«at qaotatlons mnyde thia weelL,
I
I
I
I
1
,
ll()3-.«
2d,79.T91S
t
Coupons off.
I
IWarrt'O RR.-2d. fa. 1900'
'ia*~
f THE CHRONICLE.
186
New York
flf
Mked thns
(•)
are par.
not National.
Ask.
Bid.
-i -*
100
Amer. Exchanaw... 100 255- llSHl
25
lis"
26
Bntchera' it Drov's'
100 ibo'
ITha^j
Obstbam
Obemlcal
Citizens'
City
Commerce
Continental
Corn Exchange*
Eleventh Ward*
Fltth
Fifth Avenne*
FITBt
Ponrtii
Fnlton
«*U»tin..„
Oerman Exchange*
Imp.
&
Traders'
Leather Manufrs* .
Market
Mechanics*
.
.
MoFcnants'
Merchants' Bxch...
ICetronoUtan
Murray
Hill*
Naesaa*
Kew York
Haw York County
.
W. Y.Nat. Exoh....
Oriental*
P«clflo*
Park
People's*
p^lenii
Bt Nicholas*
Boventh Ward
Becond
8hoe<Sc Leather
Bt»te of New York*
Third
0nlted States
West Side*
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
60
100
75
100
100
25
100
100
60
100
60
100
100
25
25
100
50
60
100
100
100
50
100
100
100
100
70
SO
26
50
100
25
20
50
100
100
100
100
100
100
100
40
50
100
60
100
Par.
157
Brooklyn
City
Commercial
IBb"
Farra^ut
iVd'
105
Firemen's Trust
Franklhi & Emp..
650
«00
i62
138
.
Gerraania
Greenwich
136
101
100
188
252
.
Germ an- American
U4Hi
Gnarrtian
256'
Kings C'nty (Bkn.).
Knickerbocker
ii's"
138
141
110
112
125
83
"96"
(B'klyn)
Manufac. & Build..
Mech. & Traders' ..
Mecliaulca' (Bklyn)
Ifll'd
Montauk (Bklyn.)-.
Nassau (Bklyn.) ...
National
N. Y. Equitable
N. Y. Fire
19
126
162
140
100
...
Niagara
North Hiver
pacific
Park
Peter Cooper
UO
101
145
142
144
Long
i&o"
Star
Sterling
110
112
115
ibo"
165
165
114
107
117
20
218
235
70
75
103
75
17
20
10
40
100
100 200
50 120
50 105
25 176
65
100
16 100
60 120
100 118
50
60
10
100
30 116
20 175
80
40
»U
50
100 100
40
25
75
60
65
60
60 100
95
50
50 140
37'a 80
140
35
GO
100
60 126
26 107
25 165
100 100
20 140
60 100
60 127
113
26
Hl>
60
45
100
100
60
26 100
25
126
10 120
60 215
40
100
30
60
Empire City
105
115
95
123
25
25
17
20
70
100
50
100
26U0
110
260
152
100
Bid.
50
American
Amer. Kxohange... 100
Citizens*
162
BOSTON.
Atch. A Topekft— iBt, 7s.,
il22'«
Land grant, 78
Boston A Maine—7s...
Boston A Albany— 78
6s
Boston A Lowell— 7s -.
Boston A Providence— 7s
Burl. A Mo.— Lrt. gr., 7s. 118
119
1
COMPANIES.
United States
Westchester
WlUlamsburg
City.
Ask.
1113
127
175
165
123
116
122
Nebraska, 68. .Exempt:
Nebraska, 6s.Non.ei'pt:
Nebraska, 4a
Conn. A Pa.s,snmp9lo— 7SGonnoiton Vallev— 6s
East'rn, Mn.sa.— 6s, new..
Fort Scott A OuH— 7s
K. City Lawr. A So,-68..
K. City St. Jo. A C. B.— 7s
Uttle B. A Ft. 8.-78, Ist
K. City Sp'd A Mem.— 6s
Mexican Central—78
—
30
225
260
80
100
108
86
40
60
215
11(1
72
125
I
119
110
Brooklyn Oas- Light....
OltlKens' Ga8-L.(Bklyn)
25
20
Bondfl
Consolidated Gas
Jersey city d^ Hobnken.
1,000
Hetropolltan— Bonds
1,000
...
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
Scrip
People's (Bklyn.)
Bonds
Bonds
WllliamsbuTg
Bonds
Metropolitan (Bklyn.)
Municipal— Bonds
Folton Municipal
Bouud
Kqaltable
100
20
100
1000
25
Var's
10
1,000
Var's
SO
1,000
100
1,000
100
100
Bonds
2,000,,000 Var's
1,200,,000 Var's
260.,000 A. dtO.
35,430, oool
756, OOOi QiLir.
700, 000 F.*
3,500,,000! tjuar.
1,500, OOOlM.dtN.
1.000,,000, Var's
700, 000 M.&N.
J.
1,000,,000 J.
400,,000 M.<fcN.
130,,000 J.
J.
1,000,,000 QUJir.
1,000,,000 A.atO.
1,000,,000
750,,000 M.&N.
3,000,,000
300 .000
2,000 .000
Rutland— 68,
Sonera— 7s
1.000
A
{95%
125
226
Little
A
Bock
&
&
{1214
100
900,000
700,000
100 2,100,000
J.
J.
1,000
1,000
1,000
A
&
J.
J.
1,500,000 J. &T>.
600,(10" J.
* J.
10 2,000,000 Q.— F.
1,000
800,000 J. & I.
100
200,000 A. AG.
Ist mort. bonds..
1,000
400,000 J.& J.
Bushw'kAv. (Bkln)—St'k
100
600,000 Q, F.
Central Crosstown— Stk.
100
600,000 Q.. J.
10
April 1,S5 168
Jan., 1888 105
May 1, '85 162
July 1, '85 157
NOV..1922 114
July 1, '85 142
Dec, 1902 121
._.
Miiy 1, '85 135
Oct.. 189hIiio
May 1, '85 205
J. A D.
June, '93 114
F.AA. . Feb.. 1914,106
2ia July 1,'8S 240
a. -J
P A A. 6 jKeb.. 19141110
a-F.
May 1, '85 245
:
1st mort. consol
900,000
100 1,200,000
100 1,000,000
Scrip
100 1,000,000
tad <t Gr'nd St.F'ry—Stk
100
748,000
Ist mitrt
1,000
236,000 A. AG.
Hou8t^w.st.<6P.F'y-8tk
100
250,000 Ci.— F.
1st mort
600
600,000 J. A J.
Becond A v.— Stock
100 1,862,000 J. A J.
let mort
1,000
400,000 M.AN.
Consol
1,000 1,050.000 M. AN
dlxth Av.— stock
100 1,500,000 M.A S.
Istniort
1,000
500,000 J. A J.
Third Av.— Stock
100 2,000,000, a.— P.
,
500.^0.
Scrip
Klgbth Av.—Stock
Bonds
Twenty-third St.—Stock.
2,000.000 J. A J.
100
600,000' F. A A,
l.nnn
«5nnf>o M.AN
1,000
1
April, '93:112
May
1,
'85JU5
July, '94! Ill
J II y 1,'85 200
1910
1107
May, '88,107
Nov., '84 295
j
111,
luly, '90 110
Aug., '86 290
1
'90,111
Jan.,
Feb.,
A
Broad Top
26 H,
llS-a
270
'85
May,
•93ill2
2a
112
175
112
167
IGO
118
141
123
914
17
»,
United N. J. Companies..
197's
A
A
10
20
67 't
1908
2d, 68, 1885.
1887
Gap— 1st, 79,
1893.
1905
Consol., 6s, 1913
Buff. N.Y.A Phil.- l8t,6s
1st,
t-'s,
2d, 78, 1908
Cons. 68,1921
Ist, Tr. 68, 1922
Bnff.Pltt8.A W.—Gen
«Ex.dlviaend.
Erie— 1st,
I
78.
Con8o).,68, 1905....
-.
Union A Tituav.— Ist, 78.
United N. J.— Cons.B8,'04
lOO:
{77
41
100
1st, 7s,
Cons,
1809
1909.-..-...
(is,
W.JerseyAAtl.— l8t,68,C. {I07is
Western Penn.— 68, coup.
68, P. B., 1896
Gen., 79, coup..
1901
CANAL BONDS.
—
A Dol.-lst,6s,1886
84.
Ches.
Lehigh Nav.— 6a,reg.,
Mort. RR., reg., 1897
,
Per share.
79
lo9
..
124111
Pennsylv.—83,
Schuylk.
Nav.— 1 st,6s,rg.
2d, 68, reg., 1907
119
125
80
106
67
V
BALTISIOBE.
-.-•
Wash.
A
Bait.— Ists.
2ds
8d9
BelvU'e Del.— l8t,68,1902
3d, 6s,
A
Sunb. Haz. A W.— let, 6s 104
2d, 6s,1938
:-,i-i^
Syr.Oen.A Com.— 1 st, 7s.
Tex. A Pac— Ist, 6s,1906
Cin.
1st Inc., 58, 1931. ......
ColumblaA Oreeuv.— Ist8
RAILROAD BONDS.
Bell's
Sunbury
2d
Atlantic.
Allegh. Val.— 7 3-lOs, '9'
78, E. ext., 1910.
Inc. 7s, end., coup., 'S4
Ashtab. A Pittsb.— l8t,68
1st, 6s, reg.,
A Potts.—78
Shen. Val.-l8t, 78, 1909
1921
Gen'ies,
income, 6.8, 1923
....
Income, 5s, 1914
8»
—
8ohuylklll Nav., pref...
'
»
RAILROAD BONDS.
Pennsylvania
117
150
1131a
97
115>«
Aflauta A Charl.— Ist
93
lOHi
Inc
63
Balt.AOhio—6s,,'85A.AO 102 Vi llQia
Cen. Ohio.— 68, lst,M.A8. 109
113
CharLCoi. A Aug.— Ist..
Lelilgb Navigation
250
{20
Atlanta A Charlotte......
100 1661s
Baltimore A Ohio
130
1st pref
•• 123
-2d pref
6
60
Parkersburg Br
60 48
Central Ohio— Com
-Pref
12
60
Western Maryland
CANAL STOCKS.
110
265
conv., 78, B.C., 1893.
Conv. 78, cp.off, Jan., 85
Phil. Wil.A Bait.—4s,tr.ct
Pitts. Cin. ASt.L.— 78....
B.—78,cp.
Pitts. Titus.
RAILR'D STOCKS.! Par
6018
lO^s
West Jersey
West Jersey
,llS>a
Cons.,68,g.,l.RC.191l 108 "«L,..^
Imp.. 6s, g., coup., 1897
-ra
Gen., 68, g., coup., 1908 {71
Gen., 7s, coup., 1908
40
Income, 78, coup., -896
38
Cons. 68, l9t 9er.,c.,1922
Cons. 58, 2d 8er.,c., 193.1
45
Conv. Adj. Scrip, '80-88
Cons.,78,reg., 1911.-.cp., 1910..
58
—
—
sell, ll.tven..
A
116S)
1114
132
5214
Nesquelioning Valley
Norfolk A Wost'n— Com
Preferred
Northern Central
North Pennsylvania
51 '(
Pennsylvania
22
Philailelphia A Erie
Our. A Norrlstown 5110
Phila.
Phila. Newtown A N.Y..
A
4=4
45
41
65
Reading
Phila.
Bait
Phila. Wllni.
8t. L.— Com
Pittsb. Ciu.
140
118
212
250
A
109 V.
{116
2d, 7s, conp., 1893....
Cons., 7s, reg., i911 Cons., 78, coup., 1911 --
Cons. 6s, gold, 1901..-.
Cons. 6s, gold, 1908....
Gen., 48, ' old, 19„"S-,---
61
573,
SchnvlklU
Mluehlll
*Xfel<-:uiDHU> auuwslastd.TidendoDstosUibotdateot maturity of bonds.
141s
53
Preferred
113
84
3\
Lehigh Valley
120 •«
109 14 1091a
123i«
Warren A F.— 1st, 7s, '96
West Chester -Cons. 78.
"'
W.Jersey— Ist, 68, cp ,'96 107 >s
let preferred
Preferred
301)
{83
14 14
{20
4 •J
2d preferred
Delaware A Bound Br(X)k
East Pennsylvania.
Elmlra A WiUlainsport..
127
Shamoklu V.
8i6
1
A PhU
12914
A
Catawissa
Huntlugd'n
206
110
110
300
116
16=1
{
Preferred
Camden A Atlantic
Preferred
June. 1901 1071, imh
'.07
1014
100
1st mort
1,000
250,000, M.&N.
Oent.Pk.N.&E.Rlv.-Stk
100 1.800.000 Q.^l.
Oonsol. mort. bonds
1,000 1.200.000 J. AD.
Ohrist'ph'r&lOtb 8t-Stk
100
650,000 Q.— F.
Bonds
1,000
250.000' A. A O.
DiyDk.B.B.<£ Bat'y— Stk
100 1,200.000 (J.— P.
1
Gap
Bntralo S.Y.
6s, coup
68, reg.
Debenture coup., 1893)
-.-.
Scrip, 1882
Ft. Smith.
Preterred
Bell's
Little
May 1, '85 214
Jan., 1802 108
82>a
{62
62
{66
Preferred
July 1, '80 25
July, 1900 112
July 1,'85 260
81
81 Is
Preferred
tQuotationB bj- H. L. Grant, Broker, 145 Broadway.]
Broker St.* Fult.F.-Stk
1st mort
Br'dway & 7th A v.—St'k.
Ist mort
2d mort
Brooklyn City— Stock
1st mort
Bklyn. Crosstown—Stock
12s.
80
PHlIiAWELPHlA.
RAILROAD STOCKS, t
Allegheny Valley
Ashtabula A Pittsburg..
1900
1,0001,000
63 V
20'
N. Y. A New Kngland ...
Northern of N. Hanipsh. {120
Norwich A Worcester... {"159" 161
159i«
Old Colony
{7111
Ogdeusb. A L. Chaniplaln
Portland Saco A Horism.
ISlD
"I8
Rutland— Preferred
132
86
107
94
150
117
137
105
127
100
90
110
101
lUO
Creek— Ist,
Pennsylv.- Gen.,
A
63
A
4a
130
Phil.AB.— lBt,63,1910
112\ 113
A
Louisiana A Mo. River..
Preferred
Maine Central
Marq. Hought'n A Onton.
Preferred
Metre ipolitnn
Mexican Central
Oil
Cons., 8s, 1920
Cons., 58, 1920
N.Y.— Ist
Phila. Newt.
170
Eastern, Mass
Flt<!hbnrg
Pere Marquette.
Flint
Preferred
Gulf
Fort Scott
Preferred
Iowa Palls A Sioux City.
Kan. C. Clin. A SpringI'd
Kan. C. Springf. A Mem.
126
13
Debenture 6s, reg
Norfolk A West.- Gen.,66 {94
N. B.Dlv., Ist, 68.1932 {92
N. y. Phil. A Nor.— Ist, 68 102
48
Inc., 6s, 1933
Oil City A Chic— 1 St, bs
C—
10
Cleve.
125
7,1906
w-—:-^~
Perkiomen— 1 st, 6s,cp.'87 91
Phil. AErie— l9t,7s,op.'88 {109
{62
Concord
Connecticut River
Conn. A Passumpsio
Connotton Valley
Det. Lansing A No., pref.
.
7=8
113
A West Michigan..
A
{138
2a, 7s, reg., 1910
Gen.,6s, cp., 1910....
1781s 179
Cons., 6s, reg., l?0o..
120
201s
Cons., 68, coup., 1905.
179
1791
Cons., 68, reg., 1919..
180
78, 1896.
Pa. A N. Y.
Cheshire, preterred
Chic.
96111
69
7"t
Cambridve
Cinn. Sandusky
Gen.. 69
Leh.v:— l8t,6a,C.AB.,'98 124
Gen., 79, 1903
{122
{104
let
86
& Souihe'm— lst,68
Jack.
No. Ponn.-2d,7s, cp.'96.
1
M
I
9 '4
77%!
Harnsb'g-lst, 6s, 1883. 103
112
II. AB.T— Ist, 7s, g., 1890
86 >4
Cons. 58, 1895
IthacaAAth.— Ist, gld.,7s
107 "a 107^8
Cons. 68, C.A R., 1923.
117
N. O. Pac— 1st, 6s, 1920.
Worcester Xash'aAHoch
Wisconsin Central
I
1,
73%
70
STOCKS
A Topeka
Atlantic A P.icitlc,
Boston A Albany..
ill...
Boston A Lowe;
Boston A M;ilne
Boston A Providence.
Boston Revere B. A Lynn
Date.
130
July 1,'86 84
... ..
104
J'nel5,.85 93
2i» July 1, '85:no
1902
1114
3
2H! July 10,'85 135
1902
103
3
2 July 1, '85 125
2H Nov. l.'84| 97
liaJ'nel5,'85l 87
3>ii J'uol5,'85 105
3
Apr. 1,'85: 98
3 JuJy20,'85 155
1900
110
3
July 1, '86 92
1888
1105
Jn]yl5,'86 169
1900
42
Atchison
Street.]
May 5, '85
llliii
42
Snnirnit Briiuch
Amount. Period
Par.
loo's
1104
Old Colony— 68
Pueblo A Ark. Val.— 7s
67'-,
perpetual
5s,
125
109
Iiicomo
1'.'3
Gag and City Railroad Stacks and Bonds.
GAS COMPANIES.
Delaware—08, rg. A cp.,V.
Del. A Bound Br — l8t,7B
Bast Penn.— 1 St, 7s, 1888
lEastonAAmb'y— 59, 1920 no's
122<s El. AWmsp't-l st,6s, 1910 {117
mort
N. Mexico A So. Pac.— 78 {123
Ggdensb.A L.Ch.-Oon.6s
Kl.'j
coup
I
8»4
Nashua A Lowell
Wall
New 7s, reg. A
2(1
155
100
Co., Brokers, 49
Chat. M., 108,1888
Connect'g 69, cp., 1900-04
'Cor.CowanAAnt.,d6b.6e,
1
Debenture, 108
N. Y. A N. England— 68..
7«
120
104
*
2d, 6s, 1904
Cons., 6 p. c
—
Income
210
107^'.
Ill
Cam. A BurL Co.—68, '97.
Catawissa— iBt, 78, con. c.
108
Scrip
126
izi"
COas Quotations by Geo. H. Peestiss
1361s
Aak
Bid.
A Ambov—6s, c. ,'89
Mort., 68, 1^89
Cam. A Atl.— l8t,78,g.,'98
Cam.
.
150
30
123
195
90
106
105
60
85
63
104
100
146
87
150
70
135
112
175
108
150
110
133
120
100
56
55
118
SECURITIES.
SECLRITIES.
Insurance Stock List.
hy E. 8. Bailey, 7 Pine St.]
PRICE.
[Prices
PBICB.
COMPANIES.
Quotations in Boston, Philadelphia and Baltimore.
Local Securities.
Bank Stock LUt.
[Vol. XLI.
2d8
w^iNo. Central— 41^9. J. A J.
68,1900, A.
J.AJ..-.
68,gold.l900,
&0
IS
68, Series
5s, Series
A
B
Pittsb. ACon'olla.—78jAJ
Union RR.— lst,gua.JAJ
Canton endorsotl
Virginia
8s
A Tenn.— Ss
—
W.Md.—68, let, g., J.AJ.
J
2d, pref., J.
2d, guar, by W.Co., J .&J
68, 3d, guar., J.AJ
101
61=4
S2i«
85
lOli*
62
32^
104 19
86
104l«
121
120
105
122
123
100
122
A
A Aug.—68
A Wemon— Gold, 7b.
Wilm.C.
Wil.
Mndefault.
{
Lust pnoe
lie
119
this week,
AcacsT
THE OHRONICLR
15, 1886.]
RAILBOAU BABMUteS
The
latest railroad earninjta
and the
New York
totals
from Jan.
to
1
given bolow.
latest date are
187
City Uiinks.— The foUowingitatement ahowii tto
Banks of New York Citj for tka
oondition of the Arnvmiated
week ending AuKUtt
7. 1880:
Avernf Amotmt of—
Lateit Sarningi Reported.
Jan. 1
to
LaUtl Dale.
Banlu.
XoaiU.
Weekorito
1885.
«
70,092
Ala. Gt. South'u. July..
AU'h.
§8i>noni
V. Ai H.
F
Tuno
Juno
.
wk J'ly
&
Biir.Oil.K.JiNo. nil wk J'ly
Cal. doiKlicrii... .Mu>Canailtui) Paoitlr Ist wk .Viu
1th wk J'ly
Central Iowa
Central
Cliesap.
i^t
2I9,.'i.'2
52,761
113,.S61
165,920
l.»i)2,48&
30,110
393,000
43!«,.i0('
91,800
31,1)31
11.730
222,929
25,231
13,821
252,66
18,519
125,163
I
wk July
Clev.AkrcMi&Col ltUwk,i'ly
Clev.Col.C.A Iml June
Danbury A Nor. June
Denr. A Klo CJr. Ist wk Aug
Denv.AK.G.W July
Des Mo. A Ft. L). iO wk July
Oln.Wash.A Bait, kill
86,17.1
7,855
19.312
13,100
271,176
18,880
47.922
18,352
18,314
255,097
269,822
30,166
135,421
173,700
23,600
51,504
60,592
30,962
62,219
74,782
31,957
17,716
97,189
11,775
14,730
Det-Lans'KANo. Ist wk Aug
Dub. ASioux City JstwkAug
E.Tenn.Va.AQa. June
1 91
4tli
K'way A N.
AUen.
QaUHar.A S.An.
Grand Trunk ...
wk Aug
wk J'ly
4lh wk J'ly
July
Flor.
Ft.Wortli
May
Wk
Aug. 1
Gr.BiiyW.ASt.P. June
Gulf Col. A.S. Kc July
IU.Cent.iIll.Aao)jlBtwkAuK
Do (Iowa) Ist wkAUK
|[nd.Blooiu.A W.|!st wk Auk
K.C.Ft. 8. A Gull. 4th wk J'ly
Kan. C. Sp. A M.jith wk J'ly
Kentucky Cent'l June
Lake Erie AW.. July
L.Rk.A Ft.Siuith June
L.Bk.M.Rlv.& T.June
list wk Aug
Lon£ Island
lA. A Mo. Kiver [May
I
May
Loolsv.A Nashv. Ist wk Au^
t/iulslaua West.
I
231,815
121,599
r
Mar.Hough.AO.ljuly
Mem.
86,70'
ACiiarles.jJnly
^Mexican Cent. Ist wk Au^
55,701
.
|
5Kex.N.,allUu68 June
ith
wk J'lj
138,207
11.424
Ist
Milwaukee A Noi
MU.1.. 8h.A West
wk Aug
27,411
Minn. ASt. Louis June
Mo. Kan. A Xex.iS wks JiUyl
Int. AOt. No
wkajuuei
163.333
[
370,1»'.
85.'26»
v!
.
Mobile A Ohio..
Morg.arsr/i.AT.
Nash. Ch. A St.L.
N.O.A Northeast
N. Y. Ch. ASt.h.
oBr.Y.UElle
N. Y. Pa. A O.
July
118.293
May
293.93'i
July
July
165,667
33.501
232,139
May
AW Juno
June
387,27.''
271,057
191,613
00,22i
W..
N.Y.Susa.AWPSl
Horfolk A West.
Northern Cent'l.
Northern Piw;lllc
Ohio Central
Ohio A.Miss
Ohio Southern..
Oregon Imp. Co
July.
J£
June
1
sc
wk Aug
52,881
Juno
116,219
999,73^
June
12,261
Ist wkJ'ly
72,069
July;
25.054
June
222,112
Oregon 8liort Fj. .May
118,321
Greg. K.A N.Co. July
108,000
Pennsylvania... June
3,735,638
Peoria Deo.AEv. IstwkAng
14,29.5
Phlla. AEne... June
269,913
Phlia. A Reuding Juno
2,128,291
Do
July
A Iron June
AUanv. July.
1,320.096
('.
RIchin'd
272,277
45,982
31,682
43,233
130,570
33.833
Ch.Col.A.Vug July.
ColunibiaAGr. July.
Georgia Pac.-.iJuly.
Va. Midland.. Ijuly.
West. No. Car. July.
Roch. A Pitt.sb'K 1st wk Aug!
Rome Wat. A Og. -May
8t. Jo. A Weat'n. 4th wk J'ly
St. L. Alton.tT.H.; 4th wk J'ly
22,97
133,645
12,81«
27,866
I9,53r
19.662
j
;
Do (Brauchesilthwk J'lyi
St. L. F. S.
A W.
4th WkJ'ly
8t.L.A San 1* ran. 1st wk Aug
St. Paul A Dul'th Ist wk Aug
8t.P.Mm.A Man. July
South Carolina June ....
80. Pac.,No. Oiv April....
{Southern Dlv. April....
71.551
28,860
553,317
50,523
111,16;
271,611
115,303
66,168
75,70 i
26,396
Arizona
April....
New Mexico.. April....
Texas AN. O... May
Tex. A St. I>oui8.;lth wk J'ly
T0I.A.A. AN. M.IJune
.
Union
Pacific...! June
19,19.'5
April
1,955,396
52,755
Vlokab'gA Mer.!July.
2&„'J71
Otali Central
...
Vlok8b.Sh.APac. 'July
25,191
932,678
111,048
111,565
Wab. St. L. A P. -July.
West Jersey
[June
Wisconsin Cent'lljnly.
1
j
3.076,3.51
3,261,11)9
70S,rt(i3
56.334
226,702
30,991
1,360,160
1,130,606
923,892
270,770
1,595,607
91,854
3,391,020
516,021
193,906
661,525
174,888
1,891.688
889,745
1,355,458
1,436,327
938.592
208.115
300,61!)
18,19
122,0a2
15,712
l,793,Sii2
88,M3B
3,03;t.o22
127,950
307,810
17,597
51,83t
16.57b
408,161
172.835
796,898
511,045
1,864,279
125,571
1,082,175
6,168
19,961
13,457
1,388, '^94
50,35!)
570,265
259,710
586,630
281.165
217,793
308,071
1,167,223
8,534.735
1.167,389
9,612,541
24,631
126,432
724.326
896,907
171,028 6,025,377 5,658,839
902.120
21,314
953,021
53,590 1,310,149 1,304,053
53,191 l,435,19i 1,325,835
927,2^2
30,577
627,624
68,576
383,492
877,169
76,356
32,929
215,281
236,944
22,909
115,177
152,164
99,095 1,639,709 1,600,923
50,803
227,251
264.739
34,025
211,434
213,137
212,900 8,121,038 7,859,249
108,113
140,633
484,838
102,696
693,029
757,797
53,419 2,201,301
1,664,722
119.853
814,901
833.519
318,9!»i
11,00^
295,263
22,189
688,571
654,926
119,076
945,301
835,5^2
1'29,372 3,272,931 3,751,987
Manhattan Co....
Merchants*
129,323
238,527
187,175
25,510
221,769
....
Meohanlofl'....
Union
Amertoa
Pbcnix
Trailesniea'fl
Pulton
Cheniloal
Meri-hants' Exoh
IJalhitin National.
Butctiern' A Drov..
Moehanles' A Tr.,
tJrODnwlch
Leather Mannfrs.
Seventh Ward
State of N. Y
Amerlc'n Exch'ge.
Commeroe
Broiulway
Mereauttle
Paclflo
Republic
Chatham
Peoples'
North America
1,105.709
1,427,938
1,332,656
1,011,775
1.603.123
1,192,83^
361,614
219.010
1,307,34.-
1,277,653
7.671,060
2,647,723
1,587,860
1,010,699
451,928
1,477,432
2,620,255
7,008,024
7,031,151
124,133 2,299,989
283,531 1,513,914
195,176 1,015.000
82,970
196,115
53,028' 1,177,311
116,635 2,597,771
1,022,1381 5,606,162
98,463
66,973 1,810,185 1,862.880
35,3561
226.829
211,228
278,5161 1,363,227 1,661,069
63,0711
603,804
300,092
328,0 01
3,9 6,174!21,319,593 23,333,219
391,086!
135,031
11,9381
2t)2,3e8. 1,482.199 1,616.811
"
2,148,761 12,710,201 14.213.665
1,083,357 6,636,122 7,053,919
250,923 2,127,85
2,076,025
10,879
425,006
398,771
349.470
329,731
30,880
.
.
Hanover
Irving
Citizens'
Nassau
Market
Nicholas
A Leather..
8t.
Shoe
Com Exchange
...
Continental
Oriental*
Fmporters'A TtaA.
Park
North River
East River
Fourth National..
Central National..
Second National..
Ninth National...
First National
Third National...
N. Y. Nat. Exoh..
Bowery
N. Y. County
Oerraan-.\meric'n.
Chase National...
Fifth Avenue
(termaii Exoh'nge.
Germanla
United States
Lincoln
Garlleld
Fifth National....
B'k of the Metrop..
West
Si.le
.Seaiioard
193.0M
Sixth National
312,853,200 115086500 43,239,000 386.828.101)
Same as week previous.
Total
No report.
The following are
*
119,8101
totals for several
Specie.
weeks
10,650
131.30^
35,719
317,155
822,728
214,85!)
635,937
608.795
552,501
617,110
25,413
133,882
18.76:i
300,872
861.010
226,635
631,648
589,158
753,308
31,746
3!»7,596
122,376
16,019
275.616
14,435
336,826
95,735 2,37!),152 2,5s0,628
618,351
612,212
29,135
605,1 56 3,671,375 4,290,107
577,338
55,771
532,991
313,852
95.876
390,829
299,497 1,0.52.672 1,010,192
636,307
175,575
567,318
23'',777
232,327
68,779
62,253
375,619
379,583
143,368
18,011
526,038
20,31
121,099
104,808
1,739.453111,221,530 10,993.816
70.859
236,527
303, 74
32,174
227,694
258.158
14,360
178,512
73,506
1,234,298 7,830,658 8,683.156
51i\790
527,509
112,371
830,8"
816.152
107,791
1
i
of
Notluuiu'ling Ind.
Not Including Colorado Division in either year
Mexican ourreuoy.
road.
9.629,10«
past:
lOircuUUion Aug. Cleair*^
Deposits.
\L. Tenders.
sis
Loan*.
183S.
$
$
%
July25 308,113,200 115733400 44,876,200 385,065,700, 9.701,200 .54S.434,01T
A'ff.
•
i
306,H09.900 llo493>10o!44,980,(J<H) 3-<3.00 1,61)0
7 lSl'/,853,200 115080500143,259,000 386,828,100
1
Boston Banks.
i).675.20(l .5:10,001,488
9,62t',200i392,4-.:4.'J47
—Following are the totals of the B oston banks;
Loans.
Deposits.*
Specie.
S
$
Circulation Agg. CleaT'f
$
Jiily26 160,925,S00
8..8»7,000
151,681,900
8.889,100
5,101,700 112,3»1.S00 2l,6>*3.900
6,032.400 lll,6nt.800!21,8.50,!00
58,542,67«
55.701,301
152,058,-.!OC
8,77!),200
5,494,001)1
.42.-',60Oiai,7.54,'2OO
4S),330,67«
1
1
1
Fhiladelpiiia Uauks. -The totals of the Philadelphia banks
are as follows:
OirculatUin, Agg- auar'te
LawfiU Money.
Deposits.'
$
Loaru.
1885.
S
S
79.044,700
80,150,900
79,366.700
7,303,500
7.281.500
7,2y3,40O
!
New York Pennsylvania A Ohio
Decatur A Sprinaf. in either year.
a Not Inolnding earnings
t
lOO.HDIl
37,01><
13,55,5
New York
City
4,4'27,827 2,782,411
t,51,396
779,203
23.835
2,111,583 7,830,398 8,496,702
257.262 1,566,415 1,711,2.15
316,008
322,961
68,056
61 0,971
701,625
94,276
4.459,523 4.788,115
191,611
2,077,182 12,372,S)6H 11,616,021
37.,'>77
886.91)7
851,312
lt'8,803 12,902,000 12.795.511
427,900 13,li'3,7H9 13,072.804
135,1)00
l,'i02,18S 1,281,1.57
N.Y.ANewEng. June
N. Y. Out.
210,321
1,171,713
251,190
1,638,299
7,968
1.682.63.'^
Ohio. 'Juiie
T. II.
577,-*61
13,802
2.),;)0i)
May
Warn.
655,54'.:
6.=),131
IS.-i.OOO
Ch.8t.I»..Miii.AO.|l8twk Auk
Chic. * W. .Mk'li Ith wk J'ly
Cln.rml.St.L.&c;. l8t wk Aug
Cin. N. O. AT. P.jJuly..
P.
601,244
7,646,815
113,072
0,872
A 8. W.;Jiluo
OhlcaKo & Alton, Ut wk Aug
CWo. Burl. Jj q. June ....
iKt wk Auk
Clilo. * Kawt III
Chic. Mil.<»c 8t.l'.| l9t wk Auk
Cblo. A Nortliw.jlat wk Auk
A
$
$
589,702
7,227,258
110,910
11,881
EUz.I^x.A U.S. lime
Flint
1881.
«!>,H8H
Clies. O.
Evans V. A
$
73,900
1,218,77'i 1,254.029
2'.'.:iS2
1(3,686
103.9.^7
101,965
.
Bait, ^t Pott)iii}ioiJii]io
\V. 4tli
B08t. II. T.
I'millo..
188S.
1884.
juiv as..
76,050,000
76,815.900
8..
76.917.600
InolttiUug the item "due
Aug.
1..
27.819,900
27.633,900
28.11)8.900
to otner banks,"
Unlisted Securities.— Following are
week
latest quotations for
a
past:
Bid.
Secwitiea.
Atlantic & Pac— stock....
Cent. Div.. Ist, old
7=8
Bank.&Merch.Tel., gen-M
Bost, H. A E.— New stock
Old
U.T.A West.— Sfk.
Debeatures
3
46 >g
Baff.N.Y.A PlnlaaelpUla
9
Pref
30
Trust bonds, 6s
B'klyii P21ev., -St. receipts
2d M.. or when Usued..
1st inert
c;eQt. of N. J.— Debent
Den V. Rto Orande— Con})
A
93 >9
64
27
9 ft
W.. l«t M.,
Guar, by D. & R. G
Rdlnon KlBCtrlc Llsht
136
KiiuU. Oas Co. of N. Y
18
Ki. Worth AUen.C. R. St..
Denv"'i.'RtoaV.w"*""!"
Den. R. O.
A
.
.
.
75
Ist raort
Ooornrla Pao.— Stock
Ist mort.,6B
2d raort
12=4
9l»-s
43
HendtTson Bridge— Stock
103
Bonds
Kffly Motor
Mexican National
Pref
let raort
M. K. AT.— Inoome sorlp
.
.
-
9
21 <^
4
Securities.
8
Bid.
Aik.
Stock.
N. Y. M. tJn. Tel
N. Y. W. 8h. A B.- stock.
Receivers' cert
North. Pac— Div. bonds
North Rtv. Cons.— 100 p.o
Ohio Cent.— Riv. Dlv., 1st
ylsfc.
^1
Boat.
42,213,921
40,JS5,74a
39.632,899
60
65
.
..
60
81
82i«
20i.
>«
...|
15
_
9
\H
Iiicoini'S
7V
2<(
2's
92
3
Ohio Cent., Ist M.cer.as.p.
dt Atlantic
Ist raort
PitisburK<t' Western
Ist mort
sf
Postal Telegraph—Stock.
91
1st raort., OS
69 1« Postal Tel.* Cable—Stock
Southi^ru Tel.— Stock. ....
29
lOHi state of Tenu.— Set'm't.3*
\V.,ptktrn»toer.
St. Jo.
St. Jo. & Pac., ii\. ir. cer..
SI
Texas A Pac— Scrip le84.
67
.-crip 1885
141
Peusacoia
10
38
—
83
16
65 >a 67 >•
8
H
a
!
&
14>t
44
34
33
*.T%
20 Hi Tex.«St.I..^AADiv.,l8t.
6s. 1st mort., in Texas..
80
Hen.l»t.lil.xr.&inc.»».n
15
Tol. .t O. Ccn. 1st .5s, <tr.by
...
Col. JiUock.Val.
Col. Hock. V.&Tol.ooin.»tk
Merullas
iVicxBi'.
UK
70 "a
3%
A
78
35
Istraort
I
2d mort
iDcomes
-
...
81.
.
66 >«
iVlrginla Midl'nd. 6s, inc.
81
'West S. Corolina.— Ist M. 80
'
THE CHRONICLE.
188
(ToL. XLI.
was applied by the trustees, at the request of the
company, to the purcha.se and extinguishment of the outstanding bonds.
Consolidated mortgage bonds to the par
value of 1683,000, costing $672,263. were in this way bought
and canceled.
No part of the proceeds of the land sales has
been paid over to the company or applied to the payment of
these sales
JiKD
Supplement contains a complete exhibit of
the Funded Debt of States and Cities and of the Stocks and
JBonds of Railroads and oiher Companies. It is published
on the last Sattirday of every other month-viz., February,
Jipril, June, August, October and December, and is fur
:ni.sh€d without extra charge to all regular subscribers of the
Ohronicle. Extra copies are sold to subscribers of the
Chronicle at 50 cents each, and to others than subscribers
The
Iptvestobs'
«t $1 per
copy.
Union Paciflc.
(,For the half-year ending Jttne 30, 1885.)
Mr. Charles Francis Adams, Jr., President of this company,
fras followed up his excellent report for 1884 by issuing a
«emi-aDnual statement for the six months ending June
-For the benefit of stock and bond holders who are anxious to
follow every change in the affairs of this remarkable corporation, the practice of Mr. Adams cannot be too favorably
80.
of.
lowing
In commenting upon the earnings in the table below the
ireport says:
In order to prevent false inferences being
and the consequent loss of net earnproper to say that it is almost wholly due to the
ings, it seems
work of renewing the track, heretofore done
fact that the
during the autumn months, has this year been done during
During the first
^;he months of May, June, July and August.
'8ix months of the vear, for instance, 723,000 ties were put in
the track, aa com'pared with 373,000 in 1884 and 404,000 in
1883.
During (he same months 6.700 tons of steel rail were
charged out this year, as compared with 2,900 in 1884 and
2,600 in 1883. The amount of labor and material other than
rails and ties has, of course, been proportionately increased.
Xast year the work of renewal was done almost wholly after
the first of September. The increase of operating expenses
May and June will unquestionably be conalready noticed
tinued in July and August, causing the returns of those
-months to compare unfavorably with the returns of the same
months in previous years. Nevertheless, the annual work of
renewal will then be done, and the road and motive power
will be ready to handle the heavy volume of traffic which
always comes during the last six months of the year. The
stockholders, therefoie, should know in advance that the
increased operating expenses and consequent decreased net
earnings during the months from May to August inclusive of
<iii8 year, will not necessarily imply any unfavorable results
for the year as a whole."
The following is a statempnt of the financial results of the
iialf-year, as compared with the same half of the previous
year," 1884. All these figures are exclusive of the St. Joseph
Western,
$334,340 28 in June.
this increase,
m
&
First 6
Income.
months, 1885.
it 11, 22 1,530
7,497,481
452.362
3,274.6s6
S;iiruinf;s
Expenses
Ta.xe.s
system
Inroiuc from investments cutside of the
system
Proceeds miscellaneous land sales
JSoceiveU from trustees K. 1'. cousol. iiiort.
•^Surplus earnings entire
Firsl (!
montlit, 18'>4.
$10,993,817
7,207,2CG
:
$25,888,003
$14,304,676
879,189-15,183,865
Expenses
Taxes
Total income
$11,680,832
ETj)€n(fitvreft.
Interest on bonds
$5,332,1 15
Discount and interest, premiums, Ac.
Sinking fund requiri ments, comnany's bonds.
Lav.d taxes and land expenses. Union division.
Other charges against income
Loss in operating L. T. <& S. W. Railway
DiR«( lint and interest, premiunm, oto
Siukiijpfunrt reniuremcnts, Co.'s b< uda...
Interest on liorils of operateil roads
Xanrt taxes and land exps. Union div
in oiierating L, T.
i
Total expenditures
126,828
3,359,723
385,758
4,904
^75.810
149,163
3,930
*400,000
.$3,912,818
$2,657,274
178,^31
$.',604,629
160, 'J23
29- ,770
.S.
W.
KR
32;',
475
581,005
16,0.^4
586.880
05,554
21,378
requirements
Deficit
$3,793,038
$1 19,7(10
437,006
$317,24^
45,;i37
$7,579,923
$4,100,909
1,134,395
Net surplus income
$2,966,51-1
Income from investments held in the Kan.'»ns Pacitic consolidated
trust, no proceeds of land sales having been paid over to the company
by the trustees under the consolidated mortgage.
The net surplus income represented 4'87 per cent on the
capital stock of the company.
FUNDED AND FLOATING DEBT.
In the published statements for June 30 and December 31,
1884, no amount was included as duo the United States Government under the requirements of the Thurman act. It was
then claimed that, upon an account stated, it would be found
that the Government was indebted to the company, instead
of the company to the Government. Subsequently, under a
decision of the Court of Claims, the company was found to
be indebted to the Government in the sum of $916,704.
This has since been paid. Corrected in the light of this finding of the Court of Claims, the statements of the floating debt
for June 30 and December 31, 1884, should have included, in
addition to the amounts given in the annual report, the sum
of $916,704, as above, making the total gross floating debt at
those dates respectively $14,036,724 and $12,223,298, and the
total net debts respectively $7,816,881 and $4,154,400.
From this statemet it will be seen that the increase of the
gross floating debt during the first half of the present year
was $544,900. The increase of the net floating debt was
During the twelve months ending June 30 the
$550,390.
gross floating debt was decreased .$1,258,525 and the net floating debt was decreased .|3, 112,091.
During the year the
funded debt has been decreased in the bum of $2,067,047,
mainly by the cancellation of $1,477,000 Union Pacific land
grant bonds and $531,000 Kansas Pacific consol bonds.
The total decrease of debt, funded and unfunded, has been
$720,609 during the six months ending June 30, and $5,179,138
during the year ending at that date.
The following are statements of the floating debt of the
comijany as it stood on June 30 and December 31, 1884, and
upon June
30, 1885:
FLOATING LIABlr.ITIES.
June 30. '84. I>
Bills
542.123
1,969,996
•/,
83.8 -(4
1.276, 1S2
Coupons unpaid
Cash
sale of lands (not properly belonging In earnings of the
t
Ijeflcit.
;
This reprefcntsonc-lialf of the amount of taxes chargeable against
the year.
5 Income from investments held in the Kansiis raeiflo Corsol. Trust.
N< TK.— The Government traus) ortution esriiings for th» llrst six
Tnccths of 1885 exceed the Government renuliements in the sum of
*HS,059.
During the first half of 1884 (he proceeds of the sale of lands
Ijelonging to the Kansas Pacific land giant were, under the
t*rm8 of the coneolidated mortgage, paid over to the company
sind applied by it to the payment of maturing coupons of
lx>nda secured by that mortgage. During the first six months
•of l):e current year the greater part of the cash received from
*
June
30. '85.
$7.57o,foa
1,516,033
2,242,076
72,665
78,64-i
1,328,522
21,000
9le,706
1,26.1,622
$14,020,724
$12,223,298
$1'>,7«8,199
96,000
ASSETS.
$1,192,070
2,t72.353
32,ooo
and a-icouuts receivable.
2,913,419
$712,962
$1,211,8.55
3,578.159
159.110
3,618.665
•3,167,480
135.694
3,548.398
$6,209,842
$8,068,898
$3,06:'.408
$7,816,881
$4,154,400
$1,704,790
Companv
stocks and bonds..
Sinking fund
Totals
Not debt
*
31, '84.
32.000
916,704
Called bonds
Duo the United States..
Totals.
c.
$1,701,769
2,178.649
1,691,004
$7.'i05.5M3
payable
Ai-counts pnya'de.
Pa.v rctlls ami vouchers.
Divif'cuds unpaid
The market value
cost in the
Income from
road).
itlio lucfinie of
62:1,0*.^
1,237,636
21,578
SuTpIus
Rills
$3,781,018
1542,829
334,292
$127,121
Surplus
*
318,211
Total expenditures
£xpei>(Iilnrts.
luterestou bond«
8.
fol-
^Tear ending Jitne 30, 1883
Income.
Earuinss
;
$3,741,189
Total income
.l*«s U.
The
a condensed statement of the financial results of
that year, exclusive of the St. Joseph & Western
'
"During the months of May and June last there was, as
-compared with the same months in 1884, a large increase in
operating expenses, amounting to $194,427 95 in May and
i««s
since the
is
Less—United States reiiulreoaents
EARNIKGS AND EXPENSES.
drawn from
Tim year ending june 30, 1885.
The 30th of June also closed the first entire year
change of management of June 18, 1884, took place.
Sarplas earnings, entire system
$10,704,138
Income from investmenis outside of the system
643,010
Proceeds miscellaneous Land srles
8,428
Received from trustees Kansas Paciflc consolidated mortg.
*352,2.)5
ANNUAL REPORTS.
«poken
coupons.
sum
of thescfecuritles
on Juno 30, 1^85, exceeded the
of $18,551.
LAND SALES SIX MONTHS.
The knd sales of the company during the
ing June 30 were as follows
six
months end-
:
Unioil Pacific.
Six months, 1884
Six mouthe, 1885
2,051,193
313,432
Decrease In 1885
1,737,760
;
Kansas
Acres.
Six months, 18=4
Six months, 1885
Increase in 1885
.
.1 mount.
$1,127,421
553,456
$3,573 964
Facifle.
.
Amount.
206,382
359.923
1,429,466
153,541
$432,920
.f976,546
AVOCST
THE (CHRONICLE.
15. 1888.]
GENERAL INVESTMENT NEWS.
AtlMiitic
ic
racillc— The
activity in Atlantic
&
illustrating the effect of inoreaaed territorial competition anl
tendencies to lower rates of transportation. The operating,
PaHfio
duo to tlie fact tliat tlie cattlu niun
who have been expelled from the Indian Territory are neKotiating with Atlantic & I'aciiic for the purchase or lease of
lands.
It luus nliio been rumored that Toxaa & Pacific would
incoiiu' l)on(iB is reported
malie sales of lanil to the sume parties.
BafTulo New York & Philadelphia.— This company has
defaidted in the payment of interittit on the lirst mortfjaKe
bonds of tlie Warren & Franklin liailroad Company, a leased
line.
Under an agreement which dates back to 1H69 the
defaulted coupons are purchased by the Philadelphia & Erie
Company.
liailroad
& ChlcHRO.—Samtiel
P. Wheeler, Oenernl
Chicago Ruilroad, hiw
been granted an order by Judge Treat, in the United States
Circuit Court, allowing him to issue !>1,3()<),000 worth of
receiver's certificates for the purpose of relaying the track
with steel rails and equipping the road. This is one of the
branches recently lopped off the Wabash system.
Denver & Rio Grande.— Receiver Jackson has made the
following report to Judge Ilallet, of the United States Circuit
Court, of the earnings and expenses of the road for the
VInccnnes
('airo
Manager
month
of
of the Cairo Vincennes
June
&
:
expenses during the same periods were:
1333.
For trnnsporlnilon service
Kor repulrs mlllnL- stoeU
For reiiulm railway nnit track
Fvrgoueral expeiisus
$.'J7\7't.=>
,
109.ys.Jl
26,412
KxiirexH
_
.
1
9,.'ili5
3,7-lS
$^2.^,^4l
34t<.401
T.'tal
Kxpenscs
$176,936
Netcariilnxs
Betterments, pool account, io
20,341
Xet credits to Income account
$l.i6,.59J
1804.
$133,310
$10^439
133,096
86,504
57,216
110,28')
i2r.,B()-z-
13 1,565
•l:«-i.72»
a».«.»t
3fl,14«
..
$133,614
$110,816
$397,112
'[Principal Increase over 1883 woa item of $42,197 for oro«ii-tle»
necessary
wliicli wort! (Icemcfl
j
that the transportation service expenses*
have been reduced in comparison with 188:1 by the amount of
or 34-68 percent, whereas, as alrea<ly shown, the train$54,.301,
mileage is only 13-41 per cent less than in 1883. In general
expenses the reduction has been $21,009, or nearly 37 per cent.
The account for betterments during the periods of threes
montiis in each year were:
1884.
ISSn.
1883.
$16i).80»
Expended for betterments
$194,933
$6,122
It will ix! oliserved
Earnings over operating expcntes.
199.216
ProHt
—
—
dross Maminga.
""
18HJ-8*.
$2,129,343 M,308.985
427,885
317,988
Jfet
Earnings.
6.471
119,235
•352:
$4,284
$11,373
L'^ss
Memphis & Charleston.—The
lished for the year
ended June
summary
following
pub.
ItSl-SS.
$l,.J.S1.908
$l,;is»5.532
279,900
Chingtm ,,
D.'O, $;0 03<"-
1893-94.
435.911
—
is
30.
l>eo. 156,(1111
Mexican Central. A City of Mexico special to Boston say*
that the Government has come to a final decision that no modification of the decree of June 23 shall lie made in favor of therailroad companies. The customs revenue is not to be diverted'
to the payment of railway certificates.
The amount of subsidy due since July land falling due hereafter will be included,
in the floating debt.
—
New Jersey Sontliern. Bondholders of the Jersey Southertk
have begun suit against the Jereey Central Company to recover.
$90,000 interest past due and defaulted.
Nashville Chattanooga k St. Louts.—The g^ross and net
earnings for July, the first month of tlie fiscal year, were as.
East Tennessee Ylrglnia & Georgia— Memphis & CharlesIt is announced that the East Tennessee Virginia &
Georgia Railroad Company has the control of Memphis &
follows:
Charleston stock. la addition to the stock held by Messrs.
Brice, Thomas and associates, other holdings have been turned
Gross eaniinRS
in, furnishing more than a majority of the stock, which has
been dejiosited with the Central Trust Co. to the credit of East Operating expenses
Tennessee, pending the issue of the Knoxville & Ohio bonds.
Not earnings
East Tennessee Virginia & Georgia.— Tlie gross and net Interest and taxej
earnings for tlie fiscal years 1833-4 and 18SI-5 wera as follows:)]
Balance
ton.
lB8"i.
$1.')6.8I7
Gen eral expenses
Gross receipts
Netrecelpts
Hariiitiys—
Frelglits
PiifS-fUKCis
Mulla
MlscclUmeoiis
189
New York
July.
.
1885.
V.
18?4.
$165,667
97,546
$B8,121
55,900
&
—
$lS7,t7Vi
108.602
$78,873
57.2eO
$12,221
$21,613:.
Lonis. The first mortgagebondholders' committee, of which Mr. Thos.
Denny i»
July 1 to Dec. 31
Jaiiuarv
77,9.^7 chairman, has is-sued a circular stating in general terms
February
311,894
320,392
111,878
114,795 what they have done and will do for the protection of
3SI.109
March
324,400
81.881
148,2.'U
,
bondholders. The committee is an excellent one, and
April
276,t;93
a91,.519
4:?,''2i
9«,172 the
295,461
25,.X?8
99,761 tlieir statement that they have assurances tliat arrangement*
M^y
276,334
307,810
June
274,476
66,718
83,966 can be made that will be " perfectly satisfactory to bondholders " ought to bring in the bonds speedily. They conTotalycar
$1,021,567 $1,173,263 $1,288,343 $1,699,925
clude the circular as follows: "The committee, as nowGreen Bay Winoiia & St. Paul. The statement of earnings constituted, represent among themselves, by ownership
for June is as follows :
have received
and control, several millions of the bonds
1885.
1884.
Changes. tlie names
and pecuniary support of several millionsGross eamin^rg
$24,6S1
$30,166
Ino. $5.f.31
received assurances from
holders
of
26,393
Operating expenses
28.977
Dec. 2.584 more; and have
other large amounts of bonds, who, for various reasons,
Net
def.$l,346
$3,773
Inc. $8,110 do not wish to openly commit themselves at present
but we
Honstou & Texas Central. The receivers of this company desire to represent directly at least three-quarters of the bonds^
have sent to the Chronicle a statement giving the details of as, with that number, we have assurances that arrangements
earnings and expenses for the months of March, April and could be immediately consummated that would be perfectly
May in three successive years. This exhibit is explanatory of satisfactory to tlie bondholders.
shall be happy to give up
the gross and net earnings as published in the Chronicle last our places at any time if the interests of the first mortgage
week, and in answer to the criticisms then made upon the bondholders can be bettered by the substitution of other repfact that with a considerable decrease in gross earnings there resentatives but in the meantime we ask your hearty co-operwas an increase in ojierating expenses. In justice to the ation in adding names, bonds and money to the present list.'
receivers their statement is now published, and the obvious
Notice issued to the holders of car trust certificates eay»>
conclusion to be drawn is, that the present year is exception- that with the approval of the committee the trustees under
ally bad for the railroads in Texas, and that their earnings in the car trust iiave been paid by the receiver fifty thousand
the first half of 188.5 furnish no criterion whatever by which dollars on account and without prejudice, and the First Natto judge of their future earning capacity. There is every rea- ional Bank is now ready to pay on presentation twelve dollars^
son to suppose that with the present crop praspects and with and a half on each thousand dollars of certificates.
the "Texas pool" in earnings, the receipts of the Houston &
New Torlt Lalie Erie k Western. The earnings an<i
Texas Central in the year 1888 will be fully up to the best year
income account for the three months ending June 30 will be
in the past five, the year 1881, wfien the road earned $3,748,found elsewhere under the title "Railroads in New York
e.'jS gross and $1,606,783 net, of which latter amount $1,09.5,State." The balance-sheet June 30 was as follows
052 was applied to "betterments."
LiabilUies
Assets.
The receivers' statement is 8ul>stantially as follows:
Cost of road, tic,
$77,19-',10O
t$12,907.178 Stoclr, common
COMl'ARrSOy OF GROSS EARNISr.R AND OrERATING F.\PENSE8 FOR TirE Cost of branch lines.
8.140.800
686,371 Stock, prerorred
UOKTHS OF MARCH, AI'RII, AN1> MAT IN 1b83. 1884 .VND 1885.
75.2rt8.4-5
Stocks dud lioiids
3.327,135 Funded delu
1883.
1884.
188.5.
3.1.50.':5l
Paid onc<[iilpiiientac.
2.398,502 I/ians and bills
„
T;ariiliiirs froui passengers
$lt.7,989
$13o.263
3,9ti8.0n&
$122,117 .Supplies on liaud
834.642
.
1984-8.1.
.
.
188l-8.i.
$?j5.S,039
100.2t<3
,
"
ISS3-81,
$1,072,06.S
Chicago
St.
—
;
;
—
We
;
—
—
:
Earning.-;
from
frei!!lu
Jiarnlug^ from oilier sources
Total earnings
430,0J0
34,859
271.654
90,133
2ii8,«65
72,803
$632,858
$198,052
$403,587
freight trains during the
The mileage of passengers and
same periods was as follows:
MUcs
wltli fielghi trains
Total
lasi.
ISS-i.
162.050
222,2?0
154,620
187,130
164,1^:0
168,710
384,330
341,750
332,830
alxive figures will show that comparing the results of
188.5 with those of 1883 there has been a decrease in the passenger earnings of $45,871, or 27-31 per cent, notwithstanding
the miles run in 1885 was greater than in 1*83. In the freight
earnings there has been a decrease of $221, .344. or 51'47 per
cent, wliile the mileage run has deci eased only 24-30 per cent,
The
Ciish
on hand
.50.181
789.700
1,041,816
.
1
,i63,-i3 1
144,732
Discount on
tocks.
houde. expenses <>t
extending 3d mort
L':ii<H lK>nds
F.rdute Erie Kallroad.
(Jliii'Rgo
k
Dividends unpaid
Due
2,150.022.'
,fec
Due companies, Ac,
On accotmt
of tr>i6ic.
Rental <»f iCHKert line-*.
A^se8Hm*ts,Ei1e stock.
&o
939.918
150,292,089
Siuklhg fund
I,. E. & W. Coal
RR. advances
1,846,623
1.000,f03764.0<>«
601, 19i
3,284,451
tlrst !len
bonds
Allan. Ry.
advances
7,t33>
for wiigt-s, sup-
plies,
open ncr4nint
iiud in
London
-
1853.
Miles Willi pas.«pnger trains
Bills receivable
Due l>y agents
Due by others
Due by companies.
Frottt &. lo88, surplus.
:oo.oe«v
29.84 54,536,3 1<V
X. Y.
N. Y. L. E. * W. Dock
luiprov.Co.ad vane's
Advances to otUor co's
Total
1,976,463
433.839
1,260,720
$180,193,564
Total
$180,193,564
THE CHRONICLE.
i90
New York West Shore &
-Del. L.
Baffalo.— There appears to be no
&
lieen In vain.
^
terms.
...
,
On the contrary, while desiring each bondholder to exercise his individual judfjment as to what course he shall pursue in the matter, we
believe it to be advnsable.under all the circumstances, to accept the
plan and to do so without delay, that the property may be rescued from
Its present unsatisfactory condition, and that Its reorganization may be
accomplished as soon as possible.
W. D. Morgan.
Frkderick Tayi-ok,
.
William Ldmmis,
John N. Hutchinson,
Sands,
N. Tailer,
Henky B. Hammond.
Edward
Oregon & Trans-CoiitinentaL— The following is a statement
of the present assets and liabilities of the Oregon & Trans-Continentdl Company, published by the Financial Record as derived from official sources
Shares
145,292
00,750
112,110
3,000
18.714
2,775
2,260
797
1,500
ASSETS.
Oregon Railway & Navigation Company
Nortlern Pacific KK. Co. iireferred
Northern Pacific RE. Co. common
Oregon <fe Transcontinental Co
Wisconsin Central RR. Co. common
Milwaukee & Lake Winnebago RR. Co. preferred
Milwaukee & Lake Winnebago RR. Co. common..
St. Paul & Northern Pacific RR. Co
Oregon Iron & Steel Co. (cost $150,000)
Oregon & California RR, preferred
Oregon & California RR. Co. common
l.'O
,
400
Bonds,
Oregon <t California RR. Co. 2d mortgage bonds
Oregon Improvement Co. notes
etc-
$2,200,0(10
519,000
280,000
39,000
150,000
775,000
335,000
Lands, estimated value
New York City & Northern Railway Co. J st mort. bonds
Cost of Ponland Hotel (unfinished)
Cost of Puget 8i und Shore RR. (unencumbered)
Cost of Cedar River extension
Claims against corporations (uuaiijusted) about
Cash on hand
Oregon & Trans-Continental bonds on hand
liabilities.
Capital stock (400,000 shares)
BillB payahle— lees bills receivable
Audited claims and accounts, about
3,000,000
150,000
400,000
$40,000,000
11,474,090
100,000
^.
There are bonds outstanding of the Oregon & TransContinental Company amounting to $9,953,000, against which
an equal amount of first mortgage bonds of the Northern
Pacific Railroad branch roads, at $20,000 per mile, are held by
the Farmers' Loan & Trust Company, trustee, which bonds,
according to agreements made with the Northern Pacific
Railroad Company, are practically guaranteed, principal and
interest,
by that company.
Railroads in New York State (Quarterly Reports.)— The
following abstract, showing the operations for the quarter ending June 30 in 1884 and 1885, has been compiled for the Chronicle from returns made to the Railroad Commissioners.
Boston
Xeeeipts—
1885
Gross earnings
$1,833,665
Operating expenses... 1,416.726
.
Net earnings
Income, other sources
<t
Albany
—
?l,ftl0,4;n
1,394.965
$116,939
$416,939
Total net receipts.
Deductions
—
$515,456
$515,456
Interest on bonds*
^nMt'!'.'.'.'.'.'.'.'.'.'.'.'.'.'.
$997,924 $1,019,110
294,601
439,962
$1,292,525
$1,459,072
^
[^188.070
—
iV. T. L. E. a w.,
1885.
1884.
$1,402,558 $4,91S,366
3,404,63 4
3,893,256
.
1884.
Miscellaneous
Total deductions..
Balance
$187,970 $1,937,305 $1,800,015
j
$188,070
$228,869
$187,970 $1,937,305 $1,800,015
$327,486 df.$644,780 df.$340,943
Del. L. it W. leased lines
—
.
Receipts—
Grose earnings
Operating expenses
Net earnings
1884.
$1,252,551
7U6,-20B
Total.'net receipts
1«85.
$1,128,095
538,012
$546,345
$590,083
703
$546,345
$590,786
Income, other sources
$534,067
\
(
$546,494
$14,292
j
Total deductions.
5il2,278
Balance
'Proportion for quarter, whether paid or not.
Scioto Valley. As to the status of the first
—
mortgage
fore-
proceedings, the bondholders' committee has
following from their counsel
the
closure
Augusts, 18S5.
Gentlemen Complying with your request for information .as to the
status of the suit for foreclosure of the first mortgage upon the property
of the Scioto Valley Railway Company in the State of Ohio, I have to
say that we are advised by Mr. John C. Bullitt of Philadelphia, counsel
for the trustee, the Fidelity Trust Co. of that city, and by Mr. Kittrcdge,
of Cincinnati, his associate counsel, that they have filed the answer of
the trustee in the suit brought by Huntington in the State Court, and
have removed the case to the U. S. Circuit Court for the Sixth Circuit
and Distiict of Ohio.
The proper proceedings for foreclosure of the first mortgage his been
instituled, and we are advi.sed ty the counsel above named that the
necessary steps are being taken for decree at the next October
B. H. Bristow.
Term of the U. S. Circuit Court. Very truly yours,
:
All first mortgage bondholders should join with those who
are now proceeding to secure their rights under the mortgage.
Mr. J. L. Robertson, 4 Broad St., is chairman of the committee.
,
We are assured that the plan cannot be modified, that it must be carried out precisely as it is; and we are further assured that a sufficient
number of bonds have already been turned in under the plan to practically secure its success.
Though we regret the situation and O'lr inability to improve it, in view
of the uncertainty, delay and exoense that would attend a contest by a
minority, we caiinot advise any bondholders to stand out for better
B.
1835.
$546,494
1
Rentals*
Miscellaneous
&
Samuel
leased Hnes-
$534,067
Interest on bonds*
All taxes*
.
.
Oliver Habruian,
it TT.
1884.
Dedttetions—
«
Morgan
serious opposition to the plan of Messrs. Drexel,
more than a
Co., and they have issued a circular stating that
of
majoritv of the bonds has already assented. Tlie notice
Co. is as follows:
Drexel. 'Morgan
" Havirig received the assent of more than a majority ot
the 150,000,000 first mortgage bonds of the New York West
Buffalo Railroad Company to the plan of reorganizaShore
we
tion and lease contained in our circular of July 25, 1885,
hereby give notice that we shall terminate at the close of business on Tuesday, August 25, the privilege ot accepting the
Foreign holders can deposit bonds up to
offer therein made.
Co., in London. Temthat date with Messrs. J. S. Morgan
porary receipts will be exchanged for engraved receipts in
amounts of $1,000 and $10,000, each upon presentation on
and after August 26."
—Mr. W. M. Lent of the Windsor Hotel committee assents
to the Drexel, Morgan plan, and advises all bondholders to come
The Taylor committee has issued a circular to the bondin.
holders represented by it, in which it warmly urges the acceptance of the plan for the surrender of the road to the New York
Central. The address is signed by eight of the eleven members
of the committee, and bears date of Aug. 10. It is as follows:
We have not heretofore advised you with reference to the Drexel.
Morgan j.lan, because we had hoped to obtain better terms for the bondholders. We have labored earnestly to that end, but our efforts have
&
[Vol. XII,
—A
dispatch from Galveston says
Texas Railroad Pool.
that President Sealy in New York has arranged the pool with
Gould for five years, with the inserMessrs. Huntington and
tion of a clause in the agreement allowing outside arbitration
for all differences that may arise. This virtually consummates the pool, though Gov. Ireland, in his recent letter to
Attorney-General Templeton, says competing railroads in
Texas cannot pool their earnings without violating the constitution.
Toledo Cincinnati & St. Louis.— W. J. Craig, late receiver
of the Toledo Cincinnati
St. Louis Railroad, has filed his
complete report of receipts and disbursements from Nov. 1,
1883, to July 9, 1885, inclusive, in the United States Circuit
Court, as follows
receipts.
$996,576
From agents and conductors
51,963
From iudividuals and other railroad companies
44,755
From Post Olflco Department
13,892
From express companies
37,325
From E. E. Dwiglit, receiver
171
From corporation assets colleeted
&
$1,144,686
Total
disbursements.
$396
Vouchers prior to receivership
Vouchers subsequent to receivership
Payrolls
Balance cash on hand turned over to General John McNulta.
244,612
S98,560
616
receiver
$1,144,636
Total
& Trust
ready to receive the first mortgage bonds of
the Toledo Peoria & Western Railroad Company in exchange
for transferable certificates, in accordance with the first
mortgage bondholders' agreement.
Toledo Peoria
Company
Union
is
Farmers' Loan
& Western.— The
now
Pacific.
—The
statement of land sales of the Union
months of_the calendar
Pacific for July, and for the first seven
year, is as follows :
July, 1885
— Seven nionlli* of 1885.
.
Acres.
Union Div....l18,t)78-61
Kansas Div.. 73,50899
A cres.
432,111-29
433,432-88
Proceeds.
$183,3»3 02
276,417 55
,
I'rneeeds.
$736,819 97
1,705,383 94
865,514-15
$2,442,733 91
$159,810 57
Seveyi months of 1884.
July, 1884
2,305,502-61 $l.46!),«36 35
...154,309-57
$J42,215 O
Union Div.
"""
82,126 56
220,803-47
1,058,672 86
Kansas Div.. 14,42113
Total
192.187-60
.
163,730-70
Total
Increasetn'SS 23,456-90
Decrease, '85
.
.
$124,341 03
$35,468 94
2,426,306-08
$o,52=i,309 21
1,560,761-93 $3,085,575 30
sign of the better feeling among railroad managers is
found in the new agreement between Union Pacific and Chicago Burlington & Quincy. The latter road has heretofore
Rio Grande, though
sent its through freight via the Denver
losing much time by the transfers required by the narrow
gauge. Now an agreement has been entered into between
these two lines whereby the bulk of the freight of the Burlington road going by way of CouncU Bluffs will be given to
Some of the slower
the Union Pacific for through shipment.
freight will go by way of Denver, on the Denver & Rio Grande
road.
—A
&
A
Wabash St. Louis & Paciflc— cable dispatch from London, Aug. 11, said: "The Wabash committee have issued an
elaborate scheme of reorganization for the approval of the
shareholders (not bondholders). The committee express regret
that they are unable to present a more satisfactory report, but
say that unless a united and determined effort be made to
save the property, it will fall to pieces."
Another cablegram from London says the English holders
of the bonds have resolved to begin foreclosure proceedings
under the terms of the general and collateral mortgages.
purchasing committee was appointed, in which all the property after purchase shall be vested. It is contemplated to
form a new corporation, which shall acquire legal possession
of the projierty.
—
A
AcauBT
Friday Nioht, Aug 14, laSH.
hot, and in some
felt more or less
Tho weather has ngain boon extremely
portions of tho country drought begins to be
Violent looal storms have also continued to occur,
damaging much
autumn
propi'rty,
and oiusing some
trade opens with a
fair
but substantial improvement
ments of
Liwer
felt
prices of food staples
more actively exported.
are reported from any quarter.
them
is
to be
No
The
loss of life.
spirit.
A
reported in nearly
and every confidence
trade,
maintained.
is
degree of
moderate
all
that
it
departwill be
have permitted
the week, owing to the enormous production and small export,
close
is
Raelptt at—
Man.
Bal.
at about the lowest prices recorded, as follows:
Septembar 6'50c., October 601.. November and December
Spot lard is also lower, and 7c. is
6'53o. and January 6'.5jc.
the quotation for refined for the Continent. Pork has bsen
drooping, and theclose is dull at ^11 for mess and |13(a$13
for clear. Cutmeats have l)een drooping and close dull pickled bellies 6@6}^c., shoulders 5o. and hams 11'^® llj^c. Smoked
hams are quoted at llj^iglio. aud shoulders at 6@6i^c.
India mes? beef is dull at $17@$19 per tierce; extra mes3
quoted nominal at $10 and packet |11@|12 per bbl.; beef hams
are steady at |21 per bbl. Tallow has been more active at a
decline to 5@5 l-16c. Oleomargarine is quoted at 6)^c. and
stearine "JS^raTJgC. Batter is firmer and more active at IG®
Cheese is firm at 5J^@7?ic. for State fao21c. for creamery.
tory. The following is a comparative summary of aggregate
exports from October 27 to August 8:
Tue$.
lU
3
3
Oalvetiton
Indlauuiu, Ao.
Sew OrleiHW...
47
Thuri.
yied.
29
Mobile
1
58
ToUU.
Prl.
89
63
114
lUl
(0
6
11
387
161
296
8
18
13
6
64
120
38
170
....
6
Plorlila
S
4
Savannah
serious labor troubles
Lard futures have tended strongly downward throughout
and the
FlllDAY, P, M.. Auguatl-t, 1985.
as indicated by our telegrami
from the South to-night. Is given below. For the week ending
thia evening (Aug. M), the total receipta have rearhed 8,12.')
balee, against 2,0'M bales last week, 2,588 bales the previona
week and 2,101 bales three weeks since; making the total
receipts since the lat of September, ISH-l, 4,730,660 bales, aminat
1.81U,U28 bales for the same period of 1888-84, showuig •
decveaae since September 1. 1884, of 71,200 balas.
The Movement of the Chop,
COMMERCIAL EPITOME.
Beyerely.
in
COTTON.
CH^ammcrcial ^imcs.
'IJhc
~
THE CHEONICLE
16, 1885.]
17
12
BriuLswIc, Ac.
Charleston
Pt. Royal. *o.
9
"i
WlliuliiKtan
1
3
MoreU'd
C.,<tc
"7
2
"4
8
4
Totals this
50
41
84
1ft
Sew York
Boston
Baltimore
PUladelp'a, &o.
16
43
Norfolk
WeetPolut.iko
363
week
10
175
73
1,159
1,827
210
33
363
110
149
423
348
1,962
3,125
;
Pork
Bacon
Lard
:f0,246.4l)0
lbs.
lbs. 3.'H,37.i,471
lbs. 222,933,779
279.997,357
171.571,120
Inc. 11, 063,200
Inc. 74,37S,lll
Inc. 51,382,050
Coffee on the spot has been fairly active, but latterly prices
have had a downward tendency, and fair cargoes of Rio are
quoted at 8'^@8?4C. for old and new crop. Options have given
way in the past few days, and further declined to-day
closing with sellers at 6 80c. for Sept., 6-85c. for Oct.,
Riw sugars
6'85c. for Nov., 6'90c. for Dec. and 7c. for Jan.
have been quite active at prices showing considerable fluctuations from day to day, closing this afternoon at 5}i@5 5-16c.
for fair to good refining. Refined sugars at epg.'aO^iC. for
crushed and 6c. for standard "A." Molasses steadier at 17J^c.
for 50 deg. test, and today 600 hhds. of Sagua sold at 16c. flat.
Teas quiet.
Kentucky tobacco shows more
though business is
still moderate
sales, 2.50 hhds., of which 300 hhds. for
export; lugs quoted 6J^@7}^c. leaf, 83^@13J^c. Seed leaf
has also been brisker, and the sales of the week are 1,310
activity,
;
;
350 cases 1884 crop, Pennsylvania, private
terms; 380 cases 1881 crop, Pennsylvania, 5^@llc.; 1.50 cases
oases,
as follows
:
New
and the stock to-night,
and the same items for the corresponding periods of last year.
total receipts, the total since Sept. 1, 1884,
Thit Since Sep.
Week. 1, 1884.
August 14
...
337
Ind'nola,&o
Sew Orleans.
161
Glalveston
296
MobUe
13
6
64
Florida
Br'sw'k,&c
Charleston...
170
Pt.Ro7al,&o
Wilmington..
ThU
Week.
457.017
11.230
1,525,498
229,271
76,515
721.126
10,857
511.201
7,812
93.G2ii
Since Sep.
1, 1883.
165
30
4
M'headCic
519,336
233,089
68,143
83.230
43.394
58.363
50
363
PhUadel'a,<&o
1,527
84
3,125 4,739,6.i9
Total, i..
1885.
1884.
1,620
591,818
8,579
1,001
540 1,515,508
33 253,362
10
42,S4l
208 651,609
17,579
1,513
23,098
2,995
2
1,108
493
759
164
197
696
1,093
1,218
81
100
9,621
Norfolk
W.Point,*c.
Now York...
Boston
Baltimore ...
SUxK.
1883-84.
1884-85.
Beeeipti to
Savittinali
1883-34.
18?4-8i.
41,909,600
For comparison, we give the following table showing the week's
189
151
200
1,191
165
8,084
417,685
13,706
91.797
12,662
580.213
222,643
10?,534
186.315
29,911
72.503
4
131,316
6,310
2,352
5,427
168.831
2.898 4.810.928
121.797
6,310
1,319
8,998
168.707
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Rteeipli
at—
1884.
1885.
1883.
1882.
1
216
540
33
208
100
4,800
1,681
707
233
927
128
65
834
192
WUm'ct'n,&o
4
Norfolk, &o.
.V.U others....
50
30
189
394
968
1,930
1,552
61
1,140
1,330
1881.
1,378
&o
548
296
13
64
170
Galvest'n.&c.
New Orleans.
Mobile
Savannah
Uharl'sfn,
1,778
we
1880.
3,895
5,220
1,127
3,763
1,178
1,649
780
236
726
1,047
87
77
1.210
3.768
1.711
2,170
England, 14?4'@ ISJ^c. 2r)0 cases 1884 crop,
Tot. this w'k.
3,125
2,898
10,305
6.356
20,538
8,394
Little Dutch, 10@llc.; 300 cases 1884 crop, Ohio, 5J^c., and
Since Sept. 1. 4739,659 4810.928 5960. 585 4672,131 5809,123 4916,971
200 cases sundries, 6@35c.
also, 300 bales Havana, 60c. ig
Ualveston Includes Indianola; Uharlest4>n Includes Port Royal, Ac;
|1 1,5, and 250 bales Sumatra, $1 20@$1 60.
WlluUuKtouincludesMoreheadCity, Ac; Norfolk Includes West Polnt.Ac.
The exports for the week ending this evening reach a total
The speculation in crude petroleum certificates did not
develop features of interest until this afternoon, when a sharp of 21,386 bales, of which 16,371 were to Great Britain,
to France and 4,965 to the rest of the Continent, while the
advance took place. Theclose was at ?1 OOpg®!! OOi^; crude stocks
as made up this evening are now 168,831 bales. Below
inbbls. quoted 7^ia7J^c., refined in bbls. 8}4@9'J3C. and in are the exports for the week and since September 1. 1884.
cases 9%@10o. naphtha, 7c. The speculation in spirits turpenWetk Eniiint '.lug. 14.
^'O/n .S^pt. 1, 1884, to Auti. 14, 1886
Exported to—
BxporUd to—
tine has been quiet and the close on the spat is at 85J^c., with
Sxportt
Great
Oontl- Tbtol
Qreitt
Cbnttbids for the Autumn months reduced to 34}^@35'^c.
Rosins
/rem—
•IMaL
aHt'n.! '*''"'" ntnt. Week. Srttatn. fiance
lunt.
have remained dull at $1 12}^@1 17J^ for common. Wools
157,<<4H
9.619
64,145
3alTeBton»..
381.418
have been active.
New Orleana
696.609 801,631 SSi.OSS I.88i.318
At to-day's Metal Exchange pig iron certificates were un- Mobile
48.130
TOO
48,890
8,686
S.B85
changed, with nominal bids of f 15J/i'@$15%. Tin dull at SO'^ Flortds.
199.256 8S0.8G8
:)»raanah
179.908 11,699
@20>^c. spot and at 19-95@30'10c. for futures. Tin plate ne- Charleston*...
164.811 2SyB59
1S3.6IS taa,«s
glected. Copper dull for Lake at 11" Oo@llJ^c., Baltimore WUmlOKton.
61.822
14M0 «a,sn
1884 crop.
;
:
;
1
10-10@ 10-35c.
Lead quiet
at 4'15@4'30c. for domestic.
Spel-
ter steady at 4}^c., 4J'8C. for domestic.
Ocean freights, favored by the collapse of speculation in food
staples, have been more active.and at the close rates are rather
better at 2J^@2Xd. to Liverpool, 2%@3d. to London and
Z%d. to Glasgow. Petroleum charters have been done at 23.
4J^d. @ 2b. 6d. for refined to United Kingdom and Continent.
Norfolkt
New York...
BOBtOD
Baltimore...
PblUilelp's,Ao
Total
Tout
13.219
18,181
SIS.200
&I4.4R3
3,052
8,098
1883-84
26,670
19»,4S8
3,067
40.871
U9.9»
6,816
«e.a76
laJMS
123.916
4.906
13.383
10
"2,111
846,306
Te8;te4
670
68.760
16,271
* Inelaaes
S.3W
49.731
21.236 2,446.864 404.424 1,038.169 S,688,4S'>
)5.804i2.475.6a7ll«7.263
exports from Port Roral. to.
t Inolades ezporta from West Point. Ao,
924.858 8,887.496
= 192
THE CHRONICLE.
In addition to above exports, our telegrams to-night also give
'US the following amounts of cotton on shipboard, not cleared,
at the ports named. "We add similar figures for New York,
which are prepared for our special use by Messrs, Carey, Yale
.
Lambert, 89 Broad Street.
&
[Vol. XLI.
liiK Sales and Prices
Ing comprehensive table.
of Futubes are shown by the follow
In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
On Shipboard, not cleared—for
Leaving
AT—
-».rG. 14,
Ooattr
wise.
None.
None.
None.
None.
None.
None.
41
None.
None.
None.
None.
None.
None.
None.
1.286
None.
None.
None.
None.
None.
7,000
1,000
124,316
13.157
BrUain. France. Foreign
New Orleans....
•Mobile
Cbarleston
None.
None.
None.
None.
None.
None.
None.
None.
I,?45
None.
None.
None.
None.
None.
Savannah
Galveston
Norfolk
New York
6,000
1,000
Other ports
Slock.
Other
Great
1.000
None.
Total.
18,293
l,ftl3
759
1,10»
1,001
1,098
8,245
None.
1,000
41
9,286
159.545
4,733
8,328
None.
3.105
2,780
420
4150
3.376
7.933
15.319
160.774
243,963
Total 1885.
Total 1884
total 1883
The speculation
in cotton for future delivery at this
Las been comparatively
dull,
market
with small fluctuations in prices
week under review.
The very favorable reports
•of the condition of the crop which were received from official
.sources found their influence neutralized to an extent by the
reports of hot weather and continued drought in Texas. On
-during the
"Wednesday and Thursday light rains in Texas and the South-
and the close
<lrougIit,
Ifor
the whole range.
and
a
had begun
allayed the alarm that
vs-est
to be felt regarding the
evening was weak at some decline
last
To-day a sharp decline at Liverpool,
reports of rains in the Southwest, including Texas, caused
was steady
further decline, but the close
at the reductio n.
Cotton on the spot was quiet and unchanged.
There was
nothing of importance reported for export, and the home
demand was
stocks being much reduced, price
Yesterday, however, quotations were
reduced 1-lOc. To-day the market was quiet at 10 7-16c. fo
middling uplands.
small.
Still,
«vere steadily held.
The
forward delivery for the week are 189,700
For immediate delivery the total sales foot up this week
3.161 bales, including 200 for export, 2,881 for consumption,
total sales for
tiales.
—
100 for speculation and
in transit. Of the above, 100 bales
were to arrive. The following are the official quotations for
each day of the past week.
Ordln'y.f ft
«trlctOnl..
Oood
Ord..l 9^9
.-Str.G'dOrd g's
X.OW MIdd'g 103i8
'Bti.L'wMld lOSij
loig
WiiidliDK..
Cood Mid., loiiig'ioa;;
Bii <i'dMld l(i~i, ilOi"
.
Mldd'gFalr 11^4
Jatr
ill^a
113,6
lllis.
STAINED.
|Sat.
Good Ordinary
•
1"
...*lb.|
Good Ordinary
Middling
.T«BddllnK....:
'Strict
i»w
7'e
Holl-
8"ifl
day.
.'
938
Ho
:
MAKKET AND
Tbo
-
total sales
and future
week
each day during the
are indicated in the following statement. For the
convenience of the reader we also add a column which shows
at a
.glance how the market closed on same days.
SALES OF SPOT AND TRANSIT.
Ex- Con- Spec- Tran-
SPOT MARKET
CLOBKU.
Hon
Tues
Wed
Steady
porl.
tump
Firm
TotaL
The
daily
.previous to
ul'l'n
til.
Total.
Balea.
Deliv
tries.
Hoi iday.
,
,
Dull
Thnra Quiet at
Frt.. steady
FUTURES.
1
i
«at.
'.
SALES.
deliveries
'16 dec.,
,
200 1,250
....!
....
....
....
334
432
353
102
1,150
100
35,100
3.800
334 33,200' 5.(100
433 3H,200; 1,900
4.=i3
492
31,300
53,900
1,900
3,300
200 2,8611 lOO'
3,161 189 ,7001.^,900
deUvenea given above are actually doUvered the div
*wuYerea me tt.)y
that on which they are reported.
* Includes sales In September, 1884, for Beptejuber, 158,200
Septem
berOctober, lor Ortobci, 421,800; Septemiiei-Noveiuber, for November;
5,S2,200;
January,
Seiitcnilier-Dociiiuber, for Doceuibur, 9i>7,800; Soptemberfor January, 2.ll4.1i)0; SepH'mher-Feliruaiv, tor February,
1,959,200; September-March, fur March, 2.294,100; Si>,ptciulicr-April,
for April. l,738,5i>(); SoptPiuber-May, for May, l.S"8.5()0; SeptemberJune, lor June, l,800,T(iC>; Septcmbt-r-Jul.v, I'oi- July, 847,500.
C7* We bave inoluded in the auove table, aua auali coutlone each
week to give, the average price of futures each oay for each month. It
will be found under each dav foUowin.g the abbreviation " Aver." The
average fot- each month f<ir the week is also given at bottom of table.
Transfei-able Orders— Saturday,
Sliimlav. lOloc; Tuesday,
.?.;
10-4JC.: Wednesday, 10-43o.; Thursday, lOlOo.; Friday, 10-350.
The following exchanges have been made during
•29 pd. to exch.
100 Oct, for Sept.
tlie
week:
_j
ArorsT
THE CHRONICLR
15, lHbO.J
Thk VistBLK Supply or Cotton to-ni^ht,
as
mndo up by canle
baled
telejfTHph, is n« followo. The Continental sto-ka. as well h«
those for (Jreiit Hritiiin and tho aHoat, are this week's returnH.
and (^onHotjui'ntly all the Euroi)oan fl^uree are broujjht dowr
But to niako the totals the coniDlo'j
to Thiirsiliiy (>v(>nin)f.
flg^iw for to-iii>;hl (Aug, 14), wo add the item of exjiortH frcir
tho Uuitod
Stale*,,
it
Uverpool
Stook al London
Totftl Great Britain stock
nt iruiiiliiirg
lit Hr.iiiKMi
Stock
Stock
Stock
Stock
SU)0k
Stock
Stmk
681.000
20,000
bale*.
at
701.000
4,0)0
43.400
89,000
.
»t Aiiislcr<lttin
at Roltcnlam
at Antwerp
at Havre
957,000
3.H00
723. \0O
2.700
4.'.,0J0
30,600
13.000
6R,400
47,000
30,000
2,100
8,200
103.000
9,900
68,000
17.000
13,000
900
3,300
219.000
6.000
62,000
13.000
10,000
170,000
».000
61,000
8,000
10,000
Stock
Stock
Stock at Trleate
6.M,oao
0»,000
.^.600
900
1H82.
48 900
90(»,000
b7J.0O0
l.-tOO
at .Marseille*
nt Barcelona
at Q<moa
1888.
1894.
SOS.OOO
64,000
Wak
37,000
E«-pt.Hia/.ll.Ai\,alltfi)rE'r'pe
168.831
17.637
Stock in Unit.'il auitt'8 ports ..
Stock In U. 8. Ulterior towns..
United States exports to-day..
4,7.^0
33,000
10,000
168.707
15,503
1,400
52,000
28,000
269,272
Charli'ston
21.000
13, .'00
6,100
41,ti70
57,000
10.000
142,130
12,467
2,300
725
Ot the above, the totals of American and other descriptions are as follows
American —
493.000 631.000 338,000
bales 473.000
Liverpool stock
Continental stocks
Atnerlpan afloat for Europe...
United States stock
United Stales Interior stocks..
United States exports to-day..
Itotal
216.000
37.000
168.831
2:^8.000
174.000
.>2.000
17,637
SJ.OOO
168.707
15,503
4,7.'J0
1,400
259.272
41,670
2,300
82.000
57.000
142,130
12,167
725
922,218
Matt Indian, Brazil, de.—
Liverpool Btmik
Londonstock
954,610 1,160,242
632.322
203.000
20,000
American
310.000
64.000
198.200
156,000
10,000
278.000
48.900
126.000
214,000
28,000
816,00(
69.500
738,200 694,900
954,610 1,160.242
817,200
632,322
llG.iiOO
Continental stocks
India afloat for Riu-ope
68,000
Egypt, Brazil, *o.,»aoat
Total East India, &0
Total American
407,600
922.218
138.700
283.000
10,000
1,329,819 1,692,810 1,855.142 1,449,522
Total visible sapply
5n|fd.
7ii(,d
63ifd.
5»if,d.
Prion Mid. Ui>l., Liverpool
13ii,o.
lOHc.
lO^i.c.
PrIoeMid.Upl.. New York....
10", ec
HP" The imports
into Continental porta this
The above fljfures indicate a decrease in the cotton in sight
to-night of 362,99^ bales as compared with the same date of
1884, a decrease of 52.5,324 bales as compared with the corresponding date of 1883 and a decrease of 119,704 bales as
compared with 1882.
At the Interior Towns the movement that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
—
—
is
set out in detail in the following
statement
tf-
9»8
9V
9%
OH
»\
0>'l8
9'8
»>'is
Thur:
O-fl
9'«
»\
9I'l«
97,
g-'e
OH-
Wednet.
OH
«>«
t>%
e»is
»"!•
0"n
JW.
9V
»'8
e^s
10
10
10
10
10
1014
10>8
10>4
lO^S
lOSg
101a
lOM
1014
lOl*
IOSr
10>«
10>4
XOiia,
losg
l0>a
lOVt
IOi«
10»i
101,
10^
10\
10\
10%
10
10
10
10
10
10
10
10
10^
10
10
10
....
10 >9
10
10
10
Menipliis
et. lyOlliS
10>fl
10
104
10>a'
10
10'
10
1038
10%
10%
10>4
lOM
lOVi
io>e
Amount of Cotton in Sight Aug. 14. In the table below
we give the receipts from plantations in another form, and ad d>
to tliem the net overland movement to Aug. 1, and also thetakings by Southern spinners to the same date, so as to giver
substanti^y the amount of cotton now in sight.
(/iuclunati...
Loulrtvllle....
lOSg
lOV,
I03s
lOk
\
103^
—
1384-85.
1883-84.
1
1882-83.
|
1831-82.
Receipts at the ports to Aug. 1 4,733,639 4.810,928 5,960,565 4,672,101
tntorfor stocks ou Auu'. 14 In
•30,700
2,851
35,531
*29,S90>
excess of September 1
Tot. receipts from planta'tns 4,7i2,5l0 4,780,138 5,996,096 4,643,301
610,060 573,7>'0 613,248 46S.22S»
NetoverUiud to Auxiist 1
264,000 296,000 32i,00o 234,0o»>Southern consumpt'n to Aug. 1
Total In sight August 14
—
5,618.570 5,649,33-' 6,961,344 5,345.530-
Northern spinners' takings to
I,.'«70.287 1,.546.913 1,729.001 l,6l»,20(>AUKllSt 14
* Uecrt'dse from 8flptemi)3r I.
It will be seen by the above that the decrease In amount in f Igl t
to-uiKht, as co;npari»d with last year. Is 33,2 iS bales, the ducreasfr
from 1882-83 Is 1,317,7/4 bales and the Increase over 1881-82 >•
271,040 bales.
Weather Reports by Teleoraph. — Although our
telethe South this evening indicate that, in general,.,
weather conditions have continued to favor the cotton crop,
yet in some sections of Texas rain is still needed. In th&Southwest picking is making good progress.
Galveston, Tevas. VVe have ha'l rain on two days of theweek, the rainfall reaching forty hundredths of an inch. 408'
The thermometer ha»
bales new cotton received to date.
averaged 8.5, the highest teing 90 and the lowest 77.
Indianola, Texas. It has rained on one day of the week,
but not enough to do much good. The rainfall readied four
are suffering for rain, but therehundredths of an inch.
are good indications of some today. Picking is progressing
—
—
We
The thermometer has averaged
84,
ranging from Ti
—
—
MM
to
at
Palestine, Texas. The weather has been warm and dry all:
the week, and rain is needed badly. The thermometer ha»
ranged from 71 to 97, averaging 85.
Hu7ltsville, Texas.— We have had rain on one day of thfr
week, but not enough to do much good. The rainfall reached
two hundredths of an inch. Rain is badly wanted. Average,thermometer 85, highest 99 and lowest 70.
Luling, Texas. Picking is making good progress. There
has been rain on one day of the week, but not enough to do
much good. The rainfall reached twenty hundredths of ara^
Unless rain comes within a week the crop will be seriinch.
ously hurt. The thermometer has averaged 87, the highest
being 100 and the lowest 70.
<S|^.»U-I
ic ic — -
ow-i-i>-
Tuet.
Bnltiiiioro
PlilliMlolphla.
to 93.
t.:
recpiptii
10
..
Boston
finely.
t-.
The
week have been grams from
19,000 bales.
period of 1833-!j8
..
.
Wilniinxton
Norfolk
Mm.
AUKUsta
28.'J,OO0
1,S29,S18 1,692,810 1.855.142 I,4l9„'i22
Total visible supply
Orleans.
Savannah.
L.-iOO
941,200
Amer'ncotfnalloalforEur'pe
year.
CLOSING QOOTATtOMS FOB MlnDI.IiTO COTTHS
908
. .
Mobile
300
122,000
220,700
436,200
pf>rio<l last
Balur.
New
1,300
300,000
332,600
ending
Oalveston
Total European stocks ....1.033.600 1,308.200 1.257,900
68.000
156,000
214,000
India cotton afloat ror Europe.
Total Contlnentitl stocks
name
—
the exports of Friday only.
188S.
took
at the
same town.^ have bijon 791 balwi more than the 8am»
week la«t year, and since Saptetnher 1 the receipts at all thfr
towns are aai,213 bales le.in than for tho same time In l>i83-84 ,.
QuoTATio.v.s for Midduno Cotton at Otiikk Markets.
In the table below wo give the closing iiuotations of midJlioK
cotton at Southern and other principal cotton nuirkets for eacS
day of the past week.
the
And
iucluding in
more than
193^^
<^
1^
V.*:j*' I'rcij'V
M
.-
i-o'xV'C;--!^^ Jo'.-'^cV-'
r — J. M7. Ci-ioy»:0int3QD
*--4^c:woi<iooo^t.;:c:»*-oyitv«^
^MCi3:CW
riti
—
Columbia, Texas. We have had warm and dry weathethe week and a good shower would be beneficial. Picking
finely.
The thermometer has averaged 8?^.
is progressing
ranging from 73 to 94.
Brenham, Texas. There have been good showers on two
more is hoped for to-day.
days of the week, but not enough
The rainfall reached fifty hundredths of an inch. If rata
comes now we will make as much cotton as we can pick, but
damage is feared. Picking
if it is delayed ten days much
progresses finely. The thermometer has ranged from 6.5 toall
U>OX
If
Vi',
MWC^MO*
-It-
—
;
M U -4 00 -^ M M
IC
h^
-4 N ^ fO «»
M
c;<
»-•
averaging 85.
Texas. We have had warm and dry weather
locally all the week, but good rains hhvo fallen all around iie
Generally the cotton crop '»
with indications of more.
regarded as as.sured, but the dry spots are suffering dreadfully.
Picking has begun. Average thermometer 85, highest lOCh
and lowest 58.
T^eatherford, Texas.— It has been warm and diyalltbe
week; we need rain. Picking has beaun. The therniometet
has averaged 81, the highest being 100 and the lowest 63.
Dallas, Texas.— The weather has been dry and terribly hot
during the week. Accounts from tho interior are confiictingi
many sections have had good rains during the past two dny!>,
while others are still suffering. Come wlut may the crop will
be far larg. r than tho past two. Picking has commencod.
The thermometer has averaged 88, ranging from 73 to 102.
New Orleans, Louisiana.— It has rained on four days of
the week, the rainfall reaching thirty-three hundrelths of oik
100,
bivt'.
'>
ici»-c&
Belton,
oi
,
OO ^
it^
*-
o ci o>
U to w i- to
i»*
-J
3
c X w c- 1^ to c: ac c J' w X ^ a
it^
o'** ao'—
.
'X!
'-tJ
'X
rococo to <1
t^O'it^T-OtlnnZO
c-)
*-•
:
10*4
•
CO
a>
»-©
J
^ U o<
tO>1
1010
^l*'09-1ib'«4MiPk.|O
'^
•XUiB ycar'n ngures estimated.
The above
totals show that the old interior stocks have
den-eased daring the week 1,343 bales, and are tc-night 3,13^
—
THE CHRONICLK
1»4
BOMBAT RECEIPTS AMD SHIPMENTS FOB FOCK TBABS.
Nine bales new cotton received this week. The theranometer has averaged 83.
Bhrezeport, Loutxiana. We have had no rain all the
week. The thermometer has ranged from 73 to 103, averag-
neb.
Shipments
—
es.
—
ieridian, Mississippi. ^We have had delightful showers
CD five daj's of the week, and the indications are that they
extended over a wide surface. The crop is developing promisiDgly. The thermometer has ranged from 09 to 100.
Columbus, Mississippi. It has rained on one day of the
week, the rainfall reaching two inches and seventeen hundredths. The thermometer has averaged 85. ranging from
•9 to 100.
Leland, Mississippi. During the week the rainfall reached
nine hundredths of an inch. It is claimed that cotton worms
we becoming quite plentiful. The thermometer has ranged
from 73 to 9.5, averaging 82'4.
Last week the weather was rather changeable. The rainfall
leached sixteen hundredths of an inch. The thermometer
—
—
nnged from
1885
1884
1883
18821
1,0001 2,000
1,000
2,000
2,000
1,000
.•*,0(i0i
—
— We
—We
—
—
Continent.
Receipts.
X.
This
Week.
Total.
Since
Jan.
2,000
1.
978,000
5,(100 1.528,000
3,000 1,634,000
7.000 1.586,000
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
3,000 bales, and an increase in shipments of 3,000 bales, and
the shipments since January 1 shew a decrease of 403,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and since the Ist of January, for two
years, has been as follows.
"Other ports" cover Ceylon,
Tuticorin, Kurrachee and Coconada.
Shipments since January
Shipments for the week.
—
—
Great
Srilaln
3,000 216,000 458,000 674,000
1,000 4R1.000,59,'.,000 1,076,000
4,000lt40,000|770,000 1,210,000
4,000 719,000 596,000 1,305,000
Great
Little Rock, Arkansas. Rain has fallen on three days of
the week, and it has been very beneficial to this section. The
rains appear to Iiave been quite general. The rainfall reached
one inch and three hundredths.
Average thermometer 85,
highest 98, lowest 70.
Helena, Arkansas. It has rained locally on two days and
ihe remainder of the week has been pleasant but hot. The
rainfall reached one inch and ninety-eight hundredths.
Caterpillars have appeared, but the injury done is as yet
Umited. Crop accounts are less favorable. The thermometer
has averaged 84, the higliest being 98 and the lowest 73.
Memphis, Tennessee. The weather has been very hot and
dry all the week. Crops are in need of rain. The therSBometer has averaged 85-9, ranging from 75'5 to 98'5, the
maximum being the highest this season.
Nashville, Tennessee.
have had rain on three days of
She week, the rainfall reaching thirty-two hundredths of an
inch. The thermometer has ranged from 70 to 96, averaging 84.
Mobile, Alabama.
have had showers on three days
and heavy rain on one day of the week, very beneficial, and
extending over a wide surface. The rainfall reached one inch
and thirty-three hundredths. Caterpillars are reported to
Iiave appeared in middle Alabama, but with little damage as
First new bale received on Wednesday.
yet.
Average thermometer 80, highest 94, lowest 71.
Montgomery, Alabama. Telegram not received.
Selma, Alabama. It has rained on two days of the week,
the rainfall reaching eighty-eight hundredths of an inch.
Crop accounts good. The thermometer has averaged 80.
Auburn, Alabama. It has been showery on three days of
Ihe week, the rainfall reaching fifty hundredths of an inch.
The crop is developing promisingly and the plant looks strong
and healthy. The thermometer has ranged from 71 to 91,
Shipments since Jan.
this week.
Total.
65 to 95, averaging 79'7.
—
[Vol. XLI.
Continent.
Britain.
Total.
Great
Britain.
Calcutta—
1885
1884
Continent.
1.
TotcU.
51.400
87,500
17,000
40,200
71,400
127,700
6,400
4,000
30,400
"hob
4,000
31,000
1,000
1,600
24,700
9,500
25,700
11,800
50.400
21,300
1.000
8.000
83,100
127,400
42.700
52.600
125,800
180,000
Madras1885
1884
G,40O
1885
1884
i'.obo
AU othera—
1,000
600
Total all—
1885
1884
1,000
600
7'.4o6
The above totals for the week show that the movement from
the ports other than Bombay is 7,000 bales less than, same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EtTROPE FROU ALL INDIA.
1885.
1884.
1883.
Bh'omeyits
to all
Europe
This
wetk.
from—
Bombay
Since
Jan.
1.
This
week.
Since
Jan.
1.
ThU
Sinee
Jan.
week.
1.
Total
674,000
125,800
1.000 1,076.000
8,000
180,000
4.000 1,210,000
2,800| 114.400
4.000
AU other port8.
3,000
1,000
799.900
9,000! 1,256,000
6,800: 1,324,400
This last statement affords a very interesting comparison of
the total movement for the three years at all India ports.
Alexandria Receipts and Shipments. Tlirough arrange
—
ments
we have made with
Messrs.
Da vies, ^enaclu
&
Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
orresponding week of the previous two years.
averaging 80.
Macon,, Georgia. We have had rain on one day of the
Attxajuirta, Kfiypt,
week. The crop is developing promisingly.
1884-85.
1883-84.
18SZ-8S.
August 12
Columbus, tieorgia. Telegram not received.
Savannah, Georgia.— \Ve have had no rain all the week.
TWe week....
Crop reports continue good, and new cotton is arriving freely.
s.eislobo
2,254,boi6
Bluoe Sept. 1
2,690'6o6
The thermometer has ranged from 73 to 94, averaging 83.
This
Since
This
Since
This
Sinee
Augusta, Georgia. The weather has been warm and dry
week. Sept. 1. week. Sept. 1. week. SepU 1.
with light rain on two days, the rainfall reacliing sixty-two
hundredths of an inch. Cotton is doing finely and a large Exports (bales)—
299.000
239,000
253,000
X'o Liverpool
crop is promised. The first bale of new cotton was received
203,000
i',0()6 140,000
89,000
To Continent .... ....
©n Tuebday, the 11th, and four have been received to date,
three of which classed good middling. Average thermometer
1502,000
1,000 393,000
328.000
Total Europe
«4, hightst 88 and lowest 73.
* A oantar Is 98 lbs.
Atlanta, Georgia. It has rained on two days of the week,
This statement shows that the receipts for the week ending
the rainfall reaching sixty-four hundredths of an inch. The
cantars and the shipments to all Europe
thermometer has averaged 79-9, the highest being 90 and the Aug. 12 were
bales.
lowest 69.
Manchester Market. Our report received from Manchester
Charleston, South Carolina. We have had rain on two
We give the
days of the week, the rainfall reaching thirty-eight hundredths to-night states that the market is quiet.
©f an inch. The thermometer has averaged 83, ranging from prices for to-day below, and leave previous weeks' prices for
comparison.
75 to 91.
Stateburg, South Carolina.—It has rained lightly on two
1884.
1885.
days of tlie week, but not enough to do much good. The
Ooten
Oott'n
rainfall reached eight hundredths of an inch.
82» Cop.
8H Ihs.
8H Ihs.
Average therMid.
Mid. 32< Cop.
Shirtings.
Iwisi.
Shirtings.
Twist.
aaometer 80-5, highest 91, lowest 09.
Vpldi
Upl is
Wilson, North Carolina. It has rained on one day of the
d.
d.
d
«.
d.
a.
d
d.
d.
d.
A.
B.
week, the rainfall reaching fourteen hundredths of an inch. J'nel2 8 d. asfliB ». 5 «6 9
6\ 8!^ « 9>4 5 e>fl»7 lis e''ifl
5
The thermometer has averaged 81, the highest being 94 and
••
639
511,3 8»9 » 918 5 7ia«7 1
iq 7",6-91i6 5 5 ®6 11
" 26 71I1B S'la'S 5 ®6 11
SSr
8!% » 9% 5 7 «7 1
the lowest 68.
«1*1B
511,6 859 » 9I8 5 7 «7 1
5
66,
The following statement we have also received by telegraph, July 3 7^8 ®8"i« 5 6 «6 11
"10 71f^i6«8ia 5
6»,«
8=8 » 8M 5 7 »7 1
»6 11
l&owing the height of the rivers at the points named at 3 o'clock
6>4
" 17 3
5 5 ae 11
54 8»i) « gi8 a 7 »7 1
-aS'a
—
—
—
—
—
—
—
W
August
13. 1885,
and August
1
1,
18S4,
Xug. 13, '85 Aug. 14, '84.
Feet.
Inch.
Feel.
Inch.
" 24 318 «S»ia 5
" 31 3% ®8fl8 5
Aug. 7 83,6*858 5
"14 asL-asSR 5
6
6
7
7
97
®7
«7
a7
59,6
54
1
1
5«,fl
5Vt,„
a
9i« 5
918 5
88ia» 9% 5
8»,fli» 9ie 5
858
858
a
7 ®7
819*7
S^ml
S^tl
1
6»4
lij
6>4
1>«
1>«
b^
63,6
Bagging, &c.— The market shows but little
Idemphts
..Above low-water mark.
11
8
11
1
change for the past week. Bagging continues to meet with
Na«liville
..Above low-water mark.
4
2
2
5
a good inquiry for the present wants of consumers, and
Bhreveport
Above low-water-niark. 10
4
4
VlcksbiiDT
Above low-waier-iuark. 15
though few large lots are being taken in the aggregate, trade
5
18
2
maintained
New Orleans reported below high-water mark of 1871 until has been satisfactory. for Prices are steadily 1% lb., 10i.^c. and
for
sellers are quoting 9c.
IJ^ lb., W^c. for
Sept. 9, 1874, when the zero of gauge was changed to highThere have been sales of
water mark of April 15 and 16, 1874, which is O-lOths of a foot 2 lb. and lie. for standard grades.
3.000 rolls within the range. There is not much call for butts
atwve 1871. or 16 feet above low water mark at that point.
and the market is rather quiet; some parcels of paper grades
India Cotton Movement from all Ports.— The receipts have been placed at IJgC, while buyers claim that a shade less
and shipments of cotton at Bombay have been as follows for would be accepted for a quantity. Bagging qualities are rather
|be week and year, bringing the^figures down to August 13.
slow and easy at33^@2^8C., as to quantity,
ITewOrleiina
Below hlRh- water mark
11
t!
10
9
Jute But
ts,
"AvavsT
THE CHRONICLE
16, 1888.]
EcuoPEAN Cotton CJonsumition to Acqust 1.—We have
received by cable to-dny Mr. Elli»on'H cotton
allKhlly lixlnred; (4) that they liavo appeared t* u greater eitent In
luoatltloji wher,^ the crop Is furthest advancHMl; (.5) that before they can
do iiiaierlal injury the crop will be matured, and (") that if tlief liad
oouin a mouth earlier they might have done serious injiiry.
figures, brou«)it
to AuKUst 1. The revised totals for last year have uIbo
been received and are given for the purpose of compari8on.
The takings by spinners, in aotual bales and pounds, liave
down
The above is accompanied by very extensive details covering the different sections of Georgia and replies from other
States.
been as follows:
From
Ott. 1 to
Texas Crop,—Under date
Avgw$t
I'J'
Martin, Wise
6,390.000
slight neeil of rain, as the (NUitinu>
Fitzhugh write us as follows
since our last report we have had uninterrupted
much more, In fact, than we desired. The ,-rop m
|
2,875,000
2,715,000
Bi>liinorB...1)ale8i
3,003,000
TukiiiLW In pouiidH
I
1
2,659,000
5,602,000
427
.
423
it
\'.
dry weather,
Iiot,
mow
in
ug Its
moatb,
<
New Louisiana Cotton.—The first cotton of the crop of
1885-66 raised in Louisiana reached New Orleans on Monday
August 10. There were three bales, and they came by steamer
from Bayou Sana, consigned respectively to Messrs. 8. Gumble
For 1883-84.
.
10, Messrs.
:
hut. ilry
growth somewhat. I'redictlo-is are useless until
as all depends on tho season for the next three week.".
43«
43D
441
Averutrc welicht of bales....
1,205,160,000 1,162,350,000 2,307,810.000
TaklnitK lu pomula
Taklnpt by Hpliiiiura .bales
Averim-e wolgblot bales....
Aug.
of Paris, Texas,
&
Total.
Oonlbient.
Ortal Britain.
1.
For 1884-85.
TakliiK'n
195
42.)
&
,28 2,35 1,000 1,128,S83,000 2,406.134,000
Co.,
& A. Meyer and Ilarris, Parker Sc
The bale received by Messrs. Gumble
V.
Orleans.
Stated in 400 lb. bales, the following shows the total takings
and the total and weekly consumption for the two years:
Co.,
&
New
Co.
ia
oale of Louisiana growth. It was
raised by Aristide Jarreau of Waterloo, Point Coupee Parish,
classed middling, and was sold by auction at
cents per
pound. The Sleyer bale classed fair, and brought lO'g cents.
The remaining bale was not sold. Last year the first bale of
Louisiana re.iched New Orleans August 10.
One bale was received at Shrevejport from Caddo Parish on
Thursday, the 13th inst. It classed middling, and brought 11
cents per pound. In 1884 the first bale arrived August 20.
claimed to be the
first
0^
Oct.
1
to
August
Bates of 400
lbs.
each,
areal
Britain
OOOs omitted.
SplniKTs' stock Got.
Takings to Aug.
89,
3.014,
1.
1 ....
Bupplj
3,103,
Ooueuuiiit'n
44 weeks 3,031,
Bplnncrs' stock Aug.
1883-84.
1884-85.
1.
72,
1
Weekly Consumption,
00» omitted.
In October
In November
In Peccmber
....
In January
In February
72,0
72,0
72,0
72,0
72,0
72,0
70.0
62,5
65,0
60,0
.
luMarcb
In Api-11
In May
In .Tiiiift
In July
|
Great
Oonlinent.
Total.
241.
5,920,
330,
j
401,
2,809,
3,329,
3,104,
3,210,
2,860,
6,.')39,
5.7.S9,
3,058,
2,728,
121,
3,205,
6,161,
1,52,
2,900,
nent.
402,
225,
350,
575,
134,0
134,0
134,0
134,0
134,0
134,0
132,0
124,0
127,0
122,0
62,0
62.0
62,0
62,0
62,0
62,0
02,0
62,0
62,0
62,0
1
1
72,0
72,0
72,0
68,0
6S,0
72,0
72,0
72,0
70,0
68.0
of
400
pounds each per week.
This
525,
ti.Oll,
—
•>,901,
137,0
137,0
137.0
133,0
133,0
137,0
137,0
137,0
135,0
65,0
65,0
65,0
65,0
65,0
65,0
65,0
65,0
65,0
6 1,0
Our cable indicates that Mr. Ellison has reduced
mate of. consumption for Great Britain during July
bales
Total,
BriUHn
IS.l.O
his esti-
to 00,000
reiuction
is
caused by reason of the stoppage of mills in the Oldham
district.
Tlie weekly consumption in July for all Europe
is stated at 123,000 bales of 400 pounds each, against 133,000
bales of the same weiglit at the corresponding time last year.
The total spinners' stocks in Great Britain and on the Continent are now 173,000 bales less than at the same date last season.
ITEast India Crop Prospects.— By cable to-day from Bombay our advices state that crop accounts are generally very
satisfactory.
Crop.—Messrs. Gaddum, Bythell & Co.'s
dated Bombay, July 7, gave the following with
regard to the rainfall and condition of cotton at that date,
which will be found to agree entirely with our report by
cable, published July 1 1 :
" We hcive had a few showers of rain in Bombay this week, amounting
East India
circular,
in all to about 31n.. the totnl tor the season to date being 7"37in.,
against l-k'^ la.st year. In the Beraia and some of the other Oouira
dlstrli.'t-s moderate ram has also fallen tin.-, week, and croi> prospects
contluui^ fairly .satisfactory; but tu Khaudi^ish there has liwi'n no rain
for nearly a lortnlgtit, and the outlook Is far fnmi cheerful, tu the
Broach (listrlets the miufall during the week has been very light, u'ld
much m'>re raiu is needed before sowing can be proceotied wilh whilst
in the Jiuollera districts there has also been very little ram. and in
many places sowing has not been commenced yet. In the Broach and
Dhollera districts we may still hope to have gjod crops, notwithstanding
the lateness of sowing but unless rain tails soon in Khandeisn we are
afraid the crops there will be very poor this season.
'•
Our receipts this week are rather large for the time of the ye.ir, lint
the prcs'»nt fair weather admits of much cotton coming forward which
would otherwise have been stored up c<»uutry over tho rains. Stocks up
country are believed to be very light this year."
RAIHl: ALL IXllOMBAY A.\D IN Tllli PRINCIPAL COTTON-OROWINO DISTRICTS.
Tutul
Total
Total
fhis
This
Total
week. Ihisjir. laatyr,
week, thts yr. last v/-.
Bombay .Inch. 3-02
737 11-50 Jf uggnr. .Inch 0-35
2-.57
O-ifl
ii)
Oomrawuttee. loO 11-54
0-13
3-.57
4-4S Broach
0-i)8
Kliamgaum... O'SO
2-67 Sui-at
3-00
5--,i6
0-35
2-70
1-30
7-88
6-33 lihowiniggur
Akotc
1-r.o
l-.)0
;
I
.
1-40
Julgaum
Barsee
0-04
2-liO
504
Wudwan
2-30
Viruingaum
..
0-G5
2-23
1-21
2-9.)
1-83
Reports of Damage by Caterpillars Sifted.— ^Ac At_
lanta Conatitution of Sunday, August 9, gave the following
;
During tho past ten days i-ep.wts of the appearance of caterpillars
have coiue from various sections of the South with such freipiency as to
Justify the fe ir that the finest cotton crop ever known was end iiig<ri;d.
In or.ler to aasertaln precisely the e.ttout of this danger. The Constitution a Idr.isscd au irnj dry to its oorrespoudauts anil to oertain o'lier
80ur^•e^ for iufonn ition, h iplug to make a summary that would bo
accurate and o im;irchenslve. The result we present to our readt-rs
below: To sumin irlz ,, It may be said I) that tho crop as a whole is the
(
best that has neon kaowu for years; [>) that the yield will iaririly
exceed any previous croii; (J) that while In some localities tile catot-Flllar hn a.)piur.jil, as a general thing it is too late to do serious Injury.
n those liaaiUles where they have appeared iu their most malignant
form, and there are very fewsuoh instances, they have, as yet. generally
conaued themselves to the toliago oC tho plant, and tho fruit is but
FIRST Bale from Mississippi. The first bale of the new
crop grown in Mississippi reached Mobile, Alsbama, on Wednesday, the 12th inst., from Siiubuta. It came from Mr. L. F.
Sharman, consigned to Messrs. Allen, Bush & West, Mobile,
classed strict middling, and was sold at ISJjJ cents per pound,
Messrs. Diirgan & Abbott being the purchasers. Last year the
first bale of Mississippi cotton reached Meridian, Miss., on
Aug.
14.
South Carolina's First Balf.— On Wednesday, Aug. 13,
the first bale of this year's crop of South Carolina cotton was
received at Charleston. It classed middling.
first bale was received at Charleston Aug. 20.
Last year the
The Agricultural Department's August Report.—The
following statement, showing the condition of cotton, was
issued by the Department of Agriculture on August 10.
The returns of the IJepartmcut of Agriculture make a slight Improvement of the condition of cotton on tho Ist (f August, the genorul average being 96^. a point only once exceeded in the August returns of ten
years— in ISSO. The average in August, 1882, was 94, and only South
Carolina and Alabama exceeded their present figures. The State averages are as follows Virginia 95 North Carolina, 92 South Carolina,
9b; Georgia, 100: Florida. 99; Alabama. 95; Ml3.«l»8lppi, 101 Louisiana, 100; Texas, 91; ArkansJU", 97, and Tennessee. 97. South C.<i-olina, Louisiana and Tennessee have made no change. Florida has gained
4 points, Georgia and Abibama :t, Mis.sisslppi 2, and Arkansas 1. Morth
Carolina has lost 1 and Virginia 3. The crop lias a slizht disadvantage it is a few days late, especially in the Atlantic States. There has
been little damage from droui:ht, rains or insects. A few reports from
Texas, and occasionally one from more eastern States, inrlicate a lack
of rain; a larger number in the GiUf States, inelndiu,' a few in Texas,
mention an excess of moisture, which is injurious in ttat la-ids. Shedding of forms andbidls, with rust and bllL-ht, are mucb less prevalent
than usual. The catei pillar has as as yet done no damagi', though reported iu several counties in South Carolina. Georgia, Alabama, Louisiana and Texas. It is rare in Mississippi, and not reponed in Arkansas
and Tennessee."
:
;
;
;
;
Collecting the three months' figures of the present season,
and comparing them with the reported condition for the same
months of last season, we have the following results
;
1884.
18S5.
S
Stales.
e.
s
No. Ciir>liua ...
So. Carolina...
.
Georgia
93
92
92
05
90
Florida
Alabama
Mississippi
Ijoidsiaua
Texas
Arkansas
Tennessee
Average
93
96
95
.. ..
,
SmppiNG News.
92-7
96-0
97 3
95-7
93-0
97-3
98-3
91-0
94-7
95
92
99
95
i>9
101
100
100
92
96
97
91
97
97
96-5
1
95
97
96
99
93
87
72
77
930
92
96
1(0
96
91
85
.
93
96
97
92
74
80
86
89
94-8
87
86
—^The exports of
S.i
87
93
90
99
93
87
91
90
89-7
93-3
97
92
8.*
89
85
79
87
92
93-3
92-7
86-3
I
87
920
770
78-7
86-0
91-0
887
cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
25,214 bales.
are the same exports reported by telegraph, and published in
With regard to New York we
the Chkoniclk last Friday.
include the manifests of all vessels cleared up to Thursday
night of this week.
Total balǤ.
Nkw York— To
Liverpool, per steamers City of Berlin, 2.130
....England, 1,074. ...Florldlan, 3,610.... Germanic, 2,192
12,155
Servia, 1,533 ...Wisconsin. 1, 116
To Hull, per steamer Chicago, 1.004
1,064
Rhaella, 655.
To Hamburg, per steamers CillfoiDii, 210
765
31)0
To Antwerp, per steamer Be'.ginland. .SOO
steamer Ciistoljal Colon, 3,HoO
To Bare loua, pel
3,900
New Orlkans—To Havre, i>er steam r La Chatellor, 4.805
4,805
To Vera Cruz, per ^teamcr Eitaban de Antnnauo, 1,120.. 1.120
PAIIJIDS1.I-UIA—To Lilverpool, per steamer Lord Clive, 1,005 ...
1,005
25,214
particulars of these shipments, arranged in our osnal
form, are as follows:
Total
The
THE CHRONICLE.
196
JTom-
New
vterp.
*,S05
H.OrleanB
PMladelp'a
BREADSTUFFS.
Ye.ra
Total.
l|.l|l
o,»iT
1,105
1,120
lona.
25,214
300 3,900
763
1,004
Cruz.
1,120
Havre,
Hull.
tmol.
York. 12,165
Ant- Barce-
burg,
I4xer-
1,105
^
Total... 13,260
300 3,900
765
4,805
1,064
Below we add the clearances this week of vessels carrying
to
cotton from United States ports, bringing our data down
the latest dates:
Boston— For Liverpool— A.ug. 7— Steamer CeplialoDla, 494.
PuiLADELPHiA— For Llverpool—Aug. 11 -Steamer Briiish Prmcesa,
week have been
Cotton freisthts the past
Mon.
Batur.
Uverpool, 8t»am
Do
d.
Do
"•n"
164*
'et*
'e4'
....
I43932*
e.
sail
Ball
933*
932*
933'
%"
%*
%•
38-
%*
8'
*32*^16* BS2®">16' »3a-a^i6' »333^16* 933a ^1
%
Do
being quite moderate, prices have ruled steady.
Tlie wheat speculation has been moderately active, but
the " bears" have had the advantage. Some improvement in
crop accounts, dull foreign advices, and limited export, together with the continued excessive visible supply, gave a
downward turn to values. To-day the speculation opeiled^
depressed and closed at a further decline. Wheat on the
spot has been only moderately active and prices have been
depressed, but not to the extent shown in contracts for the
Supplies of new red wheat from the South have
future.
continued liberal, and of such quality and condition that it is
taken very readily for milling and export. To-day the market
and weak.
dull
DAILY CLOSINO PRICES OF NO. 2 RED WINTER WHEAT.
Hon.
Wed. Thuri.
Fri..
Sal.
Tues.
IO1I4
9!»ia
9S%
100
101
In elevator
August delivery
99%
9S>
Orf's
93>a
98:<s
99 ^8
10159 10031 IOOI4
9878
September delivery
^
10358
lOO-g
102% 102 14 102
October delivery
,§
;
Bail....c.
Amst'd'm, steam.c.
Pridat, P, M.. August 14, 1885.
The flour market has continued without feature of interest
The hot weather has had a tendency to check trade, yet a very
fair volume of business has been done, and stocks and receipts-
was
e.
HamboTK, steam.c.
Do
'4®933*
e.
Bremen, steam.. e.
Do
«n.
Thurt.
sail.-.d.
Havre, Bteam
.
as follows:
Wednet.
rue*.
'64*
(Vol. XLI.
:
4'
>8
^9^32
143932
'4a932
1
K
iom lOS's 102%
3
103 »3 104%
November delivery
10658 106 ifl
10738
10.1%
10458
l^ecemlier delivery
S
*^
10914
I0713
108 "a
January delivery
c.
Do sail
10914
February delivery
>4*
'4*
Baroelona.steam.c.
Indian corn futures declined materially early in the week,
^32*
c.
316®''S2* 3ij37s2»
Genoa, steam
under the collapse of speculation and the very favorable crop
"«4*
I'M"64'
"64*
"e4*
rieste, steam...!!.
Ig.
>8prospects, but latterly, at a reduction, have been somewhat
Antwerp, 8team..c.
variable and irregular. To-day speculative values were gen* Compressed.
Indian corn on the spot has been taken very
erally lower.
Liverpool. By cable from Liverpool, we have the following largely for export at prices much better sustained than forfuture delivery. The visible supply is greatly reduced and
statement of the week's sales, stocks, &c., at that port.
the current receipts are below the average. To-day the market
add previous weeks for comparison.
was quiet and prices were barely steady.
DAILY CL03IN0 PRICES OF NO. 2 MIXED CORN.
Aug. 7. Aug. 14.
July 24. July 31.
Mon. Tues.
Wed. Thurs.
Sat.
Fri.
5ii«
42 000 In elnvator
5113
40,000
3 •>,000
5118
43,000
54
bales.
541a
Bales of the week
2,000
3,000 August delivery
5359
3,000
3,000
54
5 J 14
54
63%
^
OX wliicli exporters took
53 '4
5:114
5359
1,000
1,000 September delivery
S4
52 ^«
1,000
Of wbicli speculators took..
.§
53'<8
5'258.
28,000
32.000 October delivery
5314
53
32,000
35,000
a
53%
Bales American
52 14
5-214
5214
4,000
5,000
7,000
11,000 November deliver/
2
53
3;%,
Actual export
G.OOO
7,000
2,000 December delivery
50
6,000
51
50
50
50
Forwarded
72,'i,000
781,000 751,000
6 1 ,000
— Estimated
Total stock
Oats have been active for speculation, but at prices showing
Of wnicli American—Estlm'd 564,000 ,=)3H,000 513.000 478,000
To-day speculation was.
17,000
18,000
19,00;j
7.000 fluctuations within narrow limits.
Total Import of the week
17,000
.9,000
9,0(10
6,000 weak and the close slightly lower.
Of which American
O.its on tlie spot have
50,000
46,000
37,000
36,000
Amount afloat
sharply, under a pressure to sell, with the new crop
10,000
8,000
16,000
9,000 declined
Of which American
coming rapidly for-.vard; but at the decline have been takea
The tone of the Liverpool market for spots and futures each largely for L mdon and the Continent. To-day the market.
day of the week ending Aug. 14, and the daily closing prices IS steadier for prompt delivery.
DAILY CLOSING PRICES OF NO. 2 OAT.?.
of spot cotton, have been as follows:
Wed. Tliurs.
Wert.
Uon.
Hon. Tues.
Fri.
Sat.
32ie
3238
A'^9.
3219.
Si's
August delivery
Saturday MmuUiy. Puetday. Wednet. Thurtd'y. Fruiau
^Mt.
Slig
3118
31
31
30%
September delivery..
8aU...o.
'3eI-732* isel-^sa'
Beval, steam.. ..d.
iSel-W
13tl-T32* 1364-'^3£*
—
We
;
.
^.
,
Market,
12:30 P.M.
Steady.
Mid. Upl'ds
Mid.Orl'ns.
Bales
8,000
pec.&exp.
600
Steady.
Steady.
558
Harden'g.
8,000
1,000
Harden
'k
tendency. Unch'ng'd
558
59l8
5=8
Market,
4 p. M.
)
J
}
Qutet at
Pimi at
!j«-l dean adv'ce.
cline.
8,000
7,000
7,000
6.000
500
500
SOO
500
Qolet.
Quiet.
Firm at
14)4 ad-
Oulet at
1-6J de-
vance.
Quiet
but
cline.
Easy
Firm.
Quiet.
Finn.
at
1-64 decline.
Steady.
Ann.
{
November
Rye
59,8
558
5=8
Futuret.
Market,
12:30 P.M.
is
delivery.
dull
.
and uasettled.
highest, lowest and closmg prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
Th-e prises are given in pmxce and 6Uhs, thus.
5 62 Tneans
6 6.i-64d., anrt 6 03 means
3-64d.
Open His* Low.
Clos.
d.
d.
d.
August
5 84
Ang.-iept... 51)1
5 32
Bept.-Oct...
52a
OCt.-NOT...
Nov.-Deo... 5 25
Dec-Jan.,.. 5 85
Jan.-Feb.... 6 27
5
5
5
5
5
6
6
Fob.-March 5£« 5
March- Apr. 5 82 5
34
84
32
28
25
23
27
2«
33
d.
6
5
5
6
5
5
5
5
84
34
32
28
25
5 34
5 34
5 32
5 28
27
5 25
5 25
5 27
211
5S«
5 32
6 82
2.5
Wednet., Ane. Vi.
Open BiQh Low.
Clot.
a.
d.
d.
d.
635 5 36 5 85 6 36
Au«.-8ept.., 5 33 538 5 33 5 36
6 32 5 38 5 32 583
Sept.-Oct..
OCt.-NOT_.. 5 27 5 28 5 27 52S
»ov.-Dee... 5 28 5 27 526 5 27
Dec- Jan ... 53a 5 27 5 26 5 27
Jan.-Feb.... 52« 5 28 528 5 28
Feb.-March. 5 30 6 80 3 80 530
March-Apr. 6 33 533 633 533
August
Open High Low.
d.
d.
d.
eio..
d.
Open High Low.
d.
d.
d.
aiot.
d
538 638 5 88 588
586 6 37
5.S8
5,17
6 38
6 84
5 28
5 27
5 27
5 38
5 33
538
5 37
6 3S
5 38
6.18
5
5
6
6
5 84
5 28
5 27
5 27
5 28
6 27
5 27
34
28
27
27
5 34
5 31
6 34
5 33
5 33
d.
d.
*.
5 27
5 27
28
27
27
20
6 27
3 21
31
5 83
5 30
28
5 30
5,sn
583
5 33
534 533
531
aiot.
i.
536 5 66 5 38 5 86
6 36 6,86 3 38 536
5 33 633 533 633
528 628 5 38 528
5 57 5 27 527 Sil7
5 37
5 20
5 31
533 5,S3
3 27
5 27
5 2U
5 81
Tlinrs., Aufr. 13.
Open High Low.
27
5
5
5
5
5
528 628 528 528
6 31
5 34
5
3
5
5
5 37
6 27
529 5 29 529
BSl 6 31 531
534 634 634 3 34
28
26
Fri.,
528
5 28
5':;s
Open High Low. dot.
rtprmg,i>or bush.
87
al 00
8piin«No.2
"l
9t
lii)d
wiuier,
Au.2
Com— West, mixftd
West, mix. No, 2.
West, wliite
West, yellow....
WUlteSouthern..
Yellow Southern.
BeeHpts atr-
53'a*
51 a
52 ®
37
70
54
Sm
Canada
85
State, sif-rowed .... 80
State, two rowed
70
56
33V
36ii,
a 100
85
9
»
75-
a 73
» 57
Com.
Oat>.
Barlev.
But.
1,000
....
13,193
263,628
251,560
t73,77J
72
1,100
6,380
98,379
83,785
172,015
8,400
2,59 J
15,034
0,509
38.077
84..WS
144,323
5
5
5
5
5
5
5 24
Tot.wk.'85
B'21
Same wk. 'SI
Same wk. 'M
Louis
Wheat.
17,477
24.200
5
St.
riour.
BbU.196lbi> Buiih.ao Ibr Bu»h.Sfl(6» Bu»)i.S9 Iht Buih.iSlb! Bluh-SKlba
29,787.244.355
8,416
37,.')00
201,83:
6S0.213
2ll,C.OO
480
Sl.'iSl
5.7(10
2.246
4-2.2J3
2IJ.8(U
5,187
7,61*
1,600
378.588
2,029
4,977
5 29
30
.-.s
3.500
531
531
5 31
a
« ii
32i!i»
3iij»
19,500
5 31
5 31
28
51
No. 2 white
Barley M.ilt—
31
220,231
6 83
3 33
5 30
5 25
5 24
5 24
5 26
23
No.2mixed
71
1,543
3.490
538
528
9101
»10',i
6(>
a
a
3i
White
gi)"*'*!!)!
«
6.*
..
Detroit
Cleveland.
d.
24
24
24
64
..
The movement of breadstufls to market is indicated in the
statements below, prepared by us from tha figures of the New
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. S and since July 33
for each of the last three years:
a.
6 33
5 30
6 25
3 24
5 24
5 28
5 28
5 81
l^a 3 30
30a 3 33-
;U
State and Ciua-lii.
Oat^— Mixed
80
8«
Bed winter
d.
d.
.«o
Rye— Western.
Whfiflit-""
Chloago
Milwaukee..
Toledo
Ane. 14.
Brandywine,
ORAIN.
White
Tub*., Auk. 11.
3
3
Western, <to
*i''*'n^
3 75» 5 10
City BUlpiluj^ox
S^
man., Aug. 10.
3138
crop Nc. 1 Canada to arrive. Barley malt is dull and weak.
The following are the closing quotations
FLOOR.
^bbl. $2 73® 3 50 South'n com. extras.. $i OOa 4 85ftne
3 OOa 3 85 Southern bakers' and
Buperlliie
family brands
."^OO* 5 65
Spring wheat extras. 3 40* 4 00
Minn, clear and stra't. 4 00 it 4 60 Bye llour, superdne.. 3 5i)» 4 00
300*325"
Flue
Wlntersbipp'ttextras. 3 7.'j» 4 00
Winter XX. & XXX.. 4 2ia 5 23 Corn meal
Patents
The opening,
Sat. Ane. 8.
3II4
3IJ4
.''I
31:14
3112
32
Birley is offered at 90c. for new
3138
October delivery
Peoria.
Dulttth
,
500,
3,13S
1,111
'39
5 24
5 2.'i
5 26
5 30
2,ii75,338
687,053
030.313
884,980
28,041
8,673,395
1,-»1.751
29,371
3,Wl,'.il4
1,65>,7U8
4,4PI
2.040.1.30
30,451
46.038
1.24fl,4-'fi
1,081,659
2,5':0,i!ie
1, 094,2
ie2,9'»
2,-23a,614
18S4-6
193,744
1883^
390,8,13
8,626,058
4,6«S,925
312
3.779.218
99,910
201,584
«
Since Julii 28
18S2-8
....
-il"
1.111
73,523
141,855
225.43 9
August
The exports from
ending August
Jlxporit
several seaboard ports for the week
are shown in the annexed statement:
tlie
8, 18.85,
WlUal.
Kew York
Owm.
ButK.
270.816
fromBurtlon.
THE CHRONICLE
1886.1
15,
Butk.
505.512
50.104
23.425
22.61)7
,.
MoiitrtMU
99,148
Flow.
Bultliu'ro
N. Oil-u«.
Pt€U.
Bulk.
Butk
16,017
2,090
6,140
40,710
49,400
1,M3
83,460
35
8,986
ii>i',6o6
170
2,440
.
Wk
19,588
11,837
81,638
41,773
47,598
7,811
Jtlchm'd
N. News.
Total
Sff.
Butk.
100.01)0
fbllailKl..
-fl'iuu
Oolf.
Bblt.
774,828
112.927
113,063
22,197
289.073
540,571
12^,810
376
31,898
9,3! 2
We
add the
time
1834.
1.185.738
..
The
destination of theae exports is as below.
tforrespondiig period of last year for oomparison:
Com.
Wk«eU.
Flour.
Exporlt
for teetk
to-
Aug.
1885.
Wetk.
Aug. 8.
1881.
188S.
Week.
Wfk,
8.
Auff.
9.
Bbli.
05,483
3,(15
W.
Brlt.oore
18,754
13.359
OtU.c'n'tt
398
88,801
6.996
11.447
11,62«
6,766
112
112,927
128,810
11,51'*
liuUei-
Total..
By adding
Wuk.
Aug.
B}uk.
373.451
107,120
Bblt.
Cn.Klng
ConllH'm
«.A L'.Aui
1884.
9.
Bwk.
90?. 106
265,032
1885.
Wttk,
Aug. 8.
Butk.
614.161
13i.43l
19.217
5.2'.i7
1881.
WUk.
Aug.
9.
Butk.
9^.841
04.158
101.33 7
21,737
460
12.000
540,.571 1,185.736
774,526
2J9.073
week's movement to our previous totals we
iiave the follovring statement of exports this season and last
this
^season:
Oom.
XjsforUtUlut
Avg. 36, to-
188S^
I8S4-8.
liug.
to .41X1. 87 to
S.'j
.lU'jf.
1884-5
Auo. 25
Auj.
-lit!;.
s.
IP.
BIAt.
on. Kingdom
Continent
fi. *C. Am...
.
West
.
Indies.
Brit. Col'mes
OtlL
eoontr'B
ToUl
1S83-4.
tn
8.
Built.
1884-5.
18334.
Aug. 27 Ui
Auj. 9.
Aug. 27 to
Awj. 9.
iUQ. 23 to
Buih.
BuiK
Builx.
A Urj.
8.
I5.80.').D15
4.721.618
2a,24e,s«2
87.974.778
34.692.381
2B.:i31,80(I
12B.212
ail.017
10,401,423
I8.4n,931
12.813.447
8.281.331
710.510
643,877
S5J.6t4
59,201
051.800
706.000
552.8a 1
SU.021
S0,02S
1.400
1,473
88,383
8,010
32,682
1.012,322
1.782.772
642,653
9I,5»8
451.601
92,5™
125.672
46.177,31)7
50.175,IHS
37.101.911
8,21>0,Br.O
7.09B.1W
230
41,435
45,t>3'J,40t
142.900
The visible supply of grain, comprising the stocks in granary
At the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, August 8, 1885, was a
toIIowb:
In ilore at—
aiewYork
Do
afloat (est.)
Albany
Wheat,
buth.
4.882,103
327,048
850
Buffalo
CliicaKO
3.067.527
14,773,924
ifewport News...
Klchmond, Va....
Daluth
Toledo
86,147
3,339,034
2,301. 30H
1,171,583
Detroit
318, 7o«
JHilwaukee
Oom,
Oatt,
bush.
4i)8,093
39,1, 2oO
430,089
3,500
bush.
774,570
171,400
11,000
14,500
272,611
77,451
999
18,012
24.948
178,706
6t. Louis
1,51.7,807
33-1,103
Cincinnati (lat)..
68,932
19,214
176,191
495,730
1,222,832
21,443
118,303
94,676
9,117
292.499
7,299
21,152
160,222
91.73S
24.813
12,062
Boston
Toronto
Montreal
(1st) ...
PlilladelpUia
Peoria
IndlanapoIi.s
Kansus City
Baltimore
Dii
afloat
.HisHibsippi.
Down
On rail
Ou hike
Ou canal
1,343
128.571
725,5 18
1,371.395
146,931
25,482
33.250
133,504
6.213
39,146.?39
38.4117.9 18
332.i.7i)
70,i,5jO
489
1,403
6,341
Importations of Dry Good*.
The importations of dry goods at this port for the we- k
ending August 13, 1885, and since January 1, and the same fac s
for the corresponding periods are as follows:
1 §
;329^
13,334
726
71,080
2,033
12;28V>
10,5«7
6,296
642
28,000
E
0,
g:
5j3
o, s
•
:
5,800
12.901
I
I
:
«
6":
i
ii
efg
•
'•
I
C
•
,
•
i
V
i
Ii
gi
;
5:
"e'o'i
e
(
li',598
GO
1.071
ccut&ocooo
tCVODCXltO
2,678
4,889
070,213
6 ,100
477, 70
C
ow
1
6,310
7O,j00
160,960
4.56i).732 2.386.298
5.758,304 2.447,095
16,543,852 4,171. hIJ l,66i,4«8
20,401,6.50 10,79. >,39^ 2,»23,ii43
13,483,323
responding period in late years, some of the leading jobbers
having done a very satisfactory businesa with buyers of this
class.
Advices from the moat iinportaot distributing poiata
in the interior are quite encouraging, the jobbing trade having
already started up briskly in many of the Western and Southern cities, and altogether there is a marked improvement ia
the business outlook.
Domestic Cotton Goods.— The exports of domestics for the
week ending August 11 were 2,889 packagep. including 187.) to
Great Britain, 1.59 to Chili, 109 to Cuba, 108 to Brazil, 103 to
H»yti, 100 to the U. S. of Colombia, &c. There was a freer
demand for staple cotton goods at first hands, and the tone of
the market has greatly improved. Print cloths have further
appreciated, and agents have advanced numerous makes of
brown and bleached goods, wide sheetings, licks, denims
stripes, checks, flat-fold cambrics, &c., about 2}^ percent,
without checking their sale. Extra 64x64 print cloths wera
soil at 3>.^c., and 56x603. have advanced to 2 13-16(g3%(j.
Prints continued in steady request and very firm, and there
was a fairly satisfactory trade in ginghams, dyed cotton dress
g^ods and cotton hosiery.
Domestic Woolen Goods— Heavy woolens, as cassimeres,
suiting.^, worsted coatings, overcoatings, &o., continued to
move freely on account of back orders, and agents have experienced a steady demand for small duplicate lots of leading
make>. Spring worsteds for men's wear were in good demand,
and the most popular makes are largely sold in advance of
production. Cloakings, Jersey cloths and repellents were ia
light and irregular demand, and there was a limited call for
satinets and Kentucky jeans. Miscellaneous woolens specially
adapted to the wants of the jobbing trade, as ladies' cloths,
tricots, aoft-wocl dress goods, flannels, blankets, skirt^, shawls
hosiery, knit goDds, &c., were severally in pretty good demand
and steady in piice, while a fair business was done in worsted
and all-wool dress goods and carpets.
Foreign Dry Goods have shown moderate activity in first
hands, and a fair distribution was made by the principal
jobbers.
Dress goods, silks and velvets have m-t with a fair
share of attention, and men's-wear woolens and worsteds
were moderately active in some quarter;". In linen and white
goods there was no movement of importance, but prices ruled
steady. Lices and embroideries were sparingly dealt in, but
there was a fair supplemental demand for hosiery and fabric
gloves by early buyers.
Cd
— J **
W
O.10
QD^l
to 10 ^1
|-<1
MX
WX^W »
CCXifcOtO
iS
11'
to
Ici.sYi
519.2
Tot. Aug. 8.'85.
T't, All;?. 1.-S5.
Tot. AU(,'. 9.'84.
Tot. Aug. 11. '33.
Tot. Aug. 12,-82.
1.397
1,232
by reporten.
B«t«ilen from the South and far We«t
were well represented in the markrt, and their purchate*
for the fall trndp were decidedly more liberal than at the cor-
i
14,467
4,500
2J,027
20,111
1,000
4l2.Ot0
Ol.i.ii70
1,118,2 i2
Sye.
bush.
5.42
1,015
311,355
65,896
4,190
120,000
Oswego
Barley,
buth.
197
3,339,623 1,244,155
to •£ ^-
c <©
to
Ci-
cn js
QOIJ
le^aos
a to
« rg
I— J'
1^.
OD .^
'tpijio'-M
OS
O OS
X in
OJOO_^3S
to*.
'SI
MM
p
rr
123,530
10,389 13,489
13,808
7,126
MMA
aw
0»M
THE DRY GOODS TRADE,
00-1
aoo
CIO
Fildav, P. M., August 14, 1985.
better and more confident feeling in the dry
J* There was a
goods trade the past week, and the situation has shown decided
improvement. There was an undercurrent of activity in commission and importing circles, and more than an average business for the time of year was done by leading jobbers. The
tone of the market for staple cotton goods was much firmer
than for many months past, and the upward tendency of
prices has admonislied buyers that they can no
longer defer
operations. There was, consequently, a very fair movement
in
staple cotton fabrics from first hands,
and other domestic
fabrics adapted to the coming season,—
as dress goods, prints,
ginghams, flinnels, blankets, shawlf, skirts, etc., --were severally in fair request by package buyers.
Men's-wear woolens
and hosiery continued to move in liberal quantities, and
a
moderately good business in foreign fabrics was reported
X O' cc !-
w->
112.700 349.189
31,107
u
CO
to
105,733 170,035
106,482 197,4^8
lso.615 211,546
338,548 1,376,127
38,823
613,745
A^
20ii.267
113.002
to
I
M(0-^C0C3
cn'— wb»-»
O 3! C. M J>
00 — *.V|03
00 V X U
«sVl-lV3n
;c
M CT s — c.
a
rf-
pi^
*.
•»>
-.0
1
" >o
-ji
*1
*^
»
1^
to
cd
k-«
27,596 97,080 85,2"7 62,745
to;o
CO
to
Cl
s
M
<»M
OtO
QOX
bo
If*
cocv
:flc:
t: o>
:i
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o 10
'y*
ji
w
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O -J X O X
Qi'-D
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C0XCO.f^'.O«
I
|U®»XCO
U 3D X Xi X
toa
tfi.^
.-Ot
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» -J r. c a
MOli->M|tk
(OCT
o
^
rf^
i
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Cd
197,731
"^CO
I
)1«
«Ol
ft JO
tf^
OOO
t-*M
w O
;,-i
00
to
ri^i.tj .:-0
to^
fOD
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JL.IOCW
0<-<
l-tM
;o>u
M OS X W
^ *a to In
a:,«.iOtc
«c
c;»
,
I
o xxao
X
—
ocrs'i'X'^
^1
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to
to 9 to
^ !?-:; a- 'i
ifr
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COitk
Ciffs
&«to
C^'tO
1,482,6702,011,544 2.393,477 2.779.280 4,653.239
QDtO
I
C5
»
ocbi
I
-
1
X X ^ tv Cn
**^l_wiMp
THE CHRONICLE.
19S
NOTICE.-SALE OP THE TEXAS & ST.
IN TEXAS, consiBtmg
LOUIS RAILWAY
the basis ot a prorated mileage of said entire road of
315 8-5 miles as heretaafter described.
rolling stock, franof 31535 milos of road, tlie
oblse, and all its pro perty.
McCor
Notice 18 hereby given that I, J. M. and by
miok. Special Master in Cliancery, under of tie
of a certain order of sale issued out
^tue
the NorthCircuit Court of the United States for
to
ern District of Texas, directed and delivered
pubho am tionfor
me. -nlll proceed to sell at
before the court-house door Intliecityot
cash,
the
Tyler, Smith County, Texas, on, to wit,
fourth day of August, it bcins; the first Tuesday
o'clock A. M.
In August, A. D. 1885, between 10
and 4 o'clock P. M., all that certain property
described in the following order of laie.and
named therem.
^ -upon the terms and conditions
United States Circuit Court.
at
Fifth Circuit and Northern District of Texas,
Waco.
of America,
The President of the United StatesMaster.
To J. M. McCormick, Special
roadeand entered
Whereas, A final decree was
Central Trust
to the cause No. 14. Chancery, the
Company of New York, Trustee, Complainant,
Texas & S'. Louis Eailway Company
vs
Texas, et al.. Defendants, in the United States
at
Circuit for the Northern District of Texas
Waco, on the 23d day of Apnl, A, D. 1885, ordering ana directing the dork of said Court,
upon application of J. M. McCorraick, Special
Master appointed in said cause, to issue an order
of sal.i of I lie Texas & Sf. Louis Railway Company in Texas and its property as described
m
the
A second mortgage lien e'xectited byto J. Texas &
W. PhilCompany in Texas
Louis Railway
St.
lips
the corporate rights, privileges, immunities a -d
franchises of sidd railway corporation, iuclua
Ingthe franchise tobe a corporation, and all the
tofls, fares, freights, rents, incomes, issues and
profits thereof, and all the reversion and reversions, remainder and remainders thereof, excepting, howevi r, and reserving from the lien
mortgage under which tills „aleis made,
land grants, land certitlcates and lands received by said corporation, as well as all lands
acquired by donatiou whiih are not actually
occupied and Inu'e by if, orneceps.i,ry to the
operation aud main enHnce of its lines of road.
The said entire 315:>5 miles of railway, together
with all the rolling i-tock and property as hereinbefore described, to be s ild as an entirety.
The sale of f aid railway and property is made
in foreclosure aud satistaction of tlie following
liens thereon, as described in said final decree,
all
J
D AtLAS, Texas. May 1 1
J.
,
M. MCCORMICK, V
1885.
Special Master.'
Butler, stillman & Hdbbakd,
heknuon &cain,
Solicitors for
Complainant,
-
^
TO CREDITORS OFtTHB
NOTICE 8r. Loiis Railway Cumpany in
Te.xas &
Texas—Notice
,
|
-.
'g
.....
_
I
l
4th. It is further ordered that the said Special Master Is authorized and directed, in the event that tho
sale adverttsed at the time and place shall for any
good and sutficlent cause fall to be made on the day
named, that the said saleshalltben andthere be postponed by thesa'd Special Master, or some person designated by him, and to he postponed in his name and
by his authority, toafuture day.not exceeding thirty
days thereafter, and said postponement shall be
published In at least one newspaper In the city of
Tyler during said adjournment of s^le. in .addition to
the verbal notice given at the time and place of adjourning said SBle. and the sale shall be made on the
day to which it is adjourned as hereinbefore directed.
And after thesale. payment of the purchase money
as directed, report of sale to the Court, and confirmation thereof, the said Special Master will make
a good and sufficient title in fee simple of the
property so sold to the pur. baser or purchasers,
which title shall bo f ee of nil encumbrances aud
shiill be a perpetual bar to all claims or equities, or
equity of redempt on or any claim whatsoever to the
said property so sold by said railway corporation or
those claiming under it, and the said purchaser or
purchasers shall not be bound to see that the piu*chase money is properly applied.
Witness the Honorable Morrison R. Waito, Chief
Justice of the Supreme Court of the United rtates.
and the seal of the Circuit Court thereof, at Waco,
this 1 1th day of May, In the year of our Lord eighteen
hundred and eighty-five and of American Independence tho 109th year.
. [L.S.I
J. IL FINKS. Clerk 01 sai< Conn,.
» A schedule and invent-ry of all the property described in said order to be sold on the 4tn of August
1885, will be filed in the office of the Clerk of the
United States Circuit Con't at Waco; also In the
®
tinctive difference
t
decree and order of sale; and the amount of cash required to be p^ id on the bid for said property as provided in the said final decree ard order of salefldll
be ascertained so far as possible and filed with the
Sit Id schedules and inventory of property, subject to
••j
the Inspection of purchasers before said sale.
All information in possession of the Master concerning the property to be sold, and the debts against'
tliesame, will be given upon application.
/
11
and now outstanding the amount aulhorizeil, $12,60000. tobe issued to each mile of completed road,
making $620,000 00 issued upon 4»8-5 miles of said
railway from the end of sai 266 miles to (ia*.esville,
Texas, and said $Bai',000 00 decreed to be and to hold
a first mortgage lieu on said 49 3-5 miles of railway
and property, and the balance of said $1,817,000 00, 10
wit: $1,197,000 00 Isssued upon said 206 miles of railway and property, was decreed to hold a third mortgage Hen only on said 280 miles of railway and property; but inasmuch as the same were issued under
the same deed of trust and intended to hold the
same lien as the $820,000 00, and were sold and deUvered without notice to the purehasers of any dis-
t
<
certain costs, expenses, disbursements, attorneys'
fees, claims ordered to be paid, debentures, other
claiinsand liens described and mentioned in said final
,
first
between the bonds, they In fact
beingof the same series, it was adjuoffed and decreed
that the 1. 197 bonds and the 620 TOnds should bo
placed on the same footing and entitled to the same
Squlttes. and are decreed to share in the proceeds of
lie Bale of 49 3^5 miles of railway and property upon
and the same will be exhibited and read on tho
davof said snle.
1
The said sale of me aforesaid property is to satisfy
sale,
is hereby given to all creditors
holding claims entitL d to be paid out ot the
proceeds of tho sale of the Texas & t-t, Louis
Railway ami its property iu Texas, to occur
August 4, 1885, at Tyler, Texas, .and to all persons owning or hoUUug bonds or other securities aud li-ns up'n raid property, entitled to
the saia $1,817,0011 00 is decreed to shire in the pro- share in tho proceeds of said sale under thebasis of mileceeds of 49 3-0 miles equally upon tho
final dccrco rendered in said ci.uso No. 14 in
age as the 49 8-5 miles IS proportion to the 266 miles
claims and
of railway and its property as hereinafter described Equity, to forthwith deposit their
written memoranda in pursuance ot and as rein the terms of sale.
quired by a certain order made by the Hon. Don
A. Pardee, Judge of the United States Circuit
The terms and conditions of the said sale in fore- Court for the fifth circuit, as follows, to wit:—
" In tho United States Circuit Court- for the
closure and satisfaction of the aforesaid liens in and
upon said 816 3-5 miles of railway and property as Northern District of Texas, at Chambers, June
decreed to be sold to the highest bidder, are as folThis day came on to be heard tho ap1 6, 188.1.
lows, to wit;
,
, ,.
plication of J. M. McCoimick, Special Master In
1st. The sale shall be for cash, and the purchaser
then and there pay over to the Chanceiy, appointed by the United States
at the sale shall
Spechil Master the sum of $cO,000 in cash, and the
Circuit Judge for the Fifth Circuit, to wit: by the
remainder ot said bid upon confirmation of tho sale Hon. Don A.Ptirdee.In cause No. 14, pendingin
and delivery of title, as hereinafter provided.
the purchaser shall pay the United Stiites Circuit Cotu-t of said circuit
2d. Upon delivery of title
and district at Wiioo, Te.vas, wherein the Central
in cash or debentures and claims ordered to be paid
by this Court as a prior Hen to the first mortgage Trust Co. of New Y'ork. Tiusto ', is complainant,
as may be ascertained by the Masbonds, such sum
and the Texas* St. Louis C'omiianyin Texas
ter sufBcient to pay off and satisfy 11 costs, expenct al.. 1-1 df fondant, and tho sume being considses, disbursements, fees of attorneys and solicitors,
ered and it appearing to the Court that a final
all debentures Issued or paid out, or that may oe
decree was enter, d in said cause April 'J3. 1885,
claims now adjudged or
issued and paid out. and all
foreclosing certain liens in favor of the holders
that may here.ifter bo adjudged under the orders or
of certain series of bonds is'ued by said defenddeereesof this Court, to be entitled to be first paid
of the proceeds of sale before the
and satisfied out
ant coiupany upon said railway and its propunfirst mortgage bonds, and It any claim remains
el tv, and In pursuance thereof an order of sale
settled and unasceitonod at Ihedateof the confirunder said decree directing said Spemation of sale and delivery of title to the purchaser, was issued
cial Master to sell said railway and nil its propafterwards be adjudged to
which should be and may
erty, 10 wit: 315 3-5 niilt-s of road, rolling stock
be entitled to be first paid out of the proceeds of sale
before the said first mortgage bonds, and the cash
ami propeiiy In Texa.", on the terms named
suflicient to pay off the same, the
appearing that said Spepaid in shall not bo
1 herein; ana It further
said claim or claim? shall be and are hereby decreed
Master has advertised said railway and
tobe a first and prior lien on said railway in the cial
at the City of Tyler,
hands of tho purchaser, and may be so enforced by property to be sold day of August, 1885.
Texas, on the 4th
the fu-ther order ot this Court.
,.
^^ ,,
Audallowinga part of the bid for s.ald prop^_,.-„
3d. After fully paying olTsald cla.msentitled to be
first paid out of the proceeds of sale in cash before
ert V to be paid lu casli sutficicut to cover all
m.u-tgage bonds, the reinainder of said bid
paid
the first
"cvicci ly
i-''""'" flecreed to bo entitled to bo first
^._
..__.. _r__
niavbepaidluarstmortgagebondshereinafterascer
out Of the proceeds of sale before tho llrst morttallied to be a first lien on said railway and property,
mortg.igo bonds,
and whereas $8,128,000 ot l?rst mortgage bonds were gage and other subsequent
and the remainder of said bid tobe raidinflrst
issued upon and hold a first lien on 266 miles ot said
railway snd property, and 4620,000 ot the general
mortgage bonds, and the surplus ot said profirst mortgage bonds wore Issued upon and no'd a
ceeds, if any, to bo pnid into court to be applied
first lien on 4) 8-5 miles of sa.d railway, and $1,197.to the payment if the subordinate secuntlcs
000 of said general first mortgage bonds were issued
according to the equities established
under the same deed of trust and upon the whole and claims
by thesMjd final decree. And lu ordtrto enable
lineandentitled toBhare in the proceeds of sale on
special master to nscertaiu tho several
of said road equ.a]Iy with the others,
said
49 3-5 miles
making $1,817,000 of said bonds equally entitled to llalplltiies against the Texas & St. Ixinis Railshare In the proceeds of sale of 40 3-5 miles holding a way Company In Texas and agiinst the Refirst lien thereon, subject to the ptl- r payments heretrust since the
and ceivership's administering said to determine
It Is therefrtro ordered
inbefore provided.
16th day of January. 1884. so as
directed that the remainder of said cash bid.
entitled
to be the amount of cash to be paid on the purchaso of
after the aforesaid payments
Into two parcels In the said property and the amount of Dondsthat
first paid, bo divided
Proportion and on the basis of the mileage of can be received in payment, it Is hereby
tie road sold, the total line of road solil being ordered and directed tliat all poisons whom3158 5 miles, and said bens of said first mortgage soever holding any eliius entitled to be
bonds, to wit. the first mortgage bonds being on 266
procci ds of the sale against
miles and the general fl: st mortgage bcuids being upon paid out of the
498-5 miles, the remainder of said bid shall be di- the said Texas & St. Louis Ruilwiiy Company
off 266/315 3-5 <.f said ainount$
or against the saidrailwav and propvided so BS to set
In Texas,
.and the e- ty while In the h inds ot the Receiver adminand 49 3-5/315 3-5 of said amount $
purchaser may pay said sums In said bonds respec- isteriug the same, shall forthwith and before
tively, the Jareer amount may be paid in said $2,128.said sale of 4th ot August, l.'-SS, furnish to
000 of bonds and interest pro ruta accordingly as the the
addrefsedto
percentage may be. and tlie smaller amount may be J, M. MoComilcIt, SpecialMaster,
Texas, ciire of
p lid In the same manner by the $1,817,000 and Inter- him at Waco, Texas, or Tyler,
tho general first mortgage bonds pro rata ac- Hi-rndon & Cain, Soli- iters for Complainant,
est of
cordingly as the percentage may be. and if any part the said claims, ineludiug all bonds of every
of said bid remains unpaid after the application of series and klnil decreed to hold a lien upon Bald
payments hereinbefore provided, the same shall be
Receiver's certllicates, claims adpaid over to the Master in cash, to be hereafter property, all
juaged 'by Court for labor, miiteiial, costs ot
disl ributed and apportioned according to the equicourt, Judgmentg, fees, coiumissious, contracts
ties as established and determined by this decree.
forty-year gold bonds'' for $1,000 00 each, bearing six
per cent interest, the interest beginning to run June
1, 1881, S1.S17.000 OOof said bondshaving been issued
>
1880. to secure its
plainant, at the city of Tyler. Texas, subject to be Inspected by all persons desiring to purchase at Batd
1
mortgage iien executed to Henry Whelen
and Henry G. Harquand, Trustees, June I. A. D.
18«0, on 268 miles of said railway, and all its property
from Texarkana toj Waco, to secure $8,000 00 of
first mortgage bonds upon each mile of completed
road, to wit: $3,128,000 00 with interest at B per centum per annum Irora the issue and delivery of said
bonds, the same decreed to be a first lien upon 266
miles of said railway and property us aforesaid; also,
a first mortgage lien executed by said Texas & St.
Louis Railway Co. in Texas to the Central Trust Company of New York, Trustee. August 1, A. ]>. 1881. on
the entire railway of 315 K-5 miles, and all Its property, to secure its " general first mortgage six per cent
A
June 1.
"land grant and income
Wolff, Trustees, dated
mortgage bonds" for Sl.COOOO each, bearing six per
cent Interest from date, and not paid unless earned,
and amount issued JS.OOOOO per mile ot completed
road- snid bondsdecreod to holdasecond mortgage
lien upon said 206 miles of railway and property deBcrlbPd in said first mortgage, and amonnting to *.i.128.000 00 besides interest; the said decree in no
wise affecting the lien held by said bonds and mortgage upon the lands described therein.
A second mortgage lien executed by the Texas &
St Louis Railway o in Texas to the Central Trust
D.
Company of New York. Trustee, dated Aug. 1. A. its
1^1 on the entire line of Its railway, to secure
general first mortgage land grant and income bonds
for $500 00 each, bearing six per cent Interest from
June 1,1881, due and payable only when earned, $1.
817 000 00 of said bonds decreed to be outstanding,
of which $1,197.00000 decreed to be a fourth mortgage lien upon said 268 miles of Bald railway at.d its
property, and $820 000 00 of said issue decreed to be
a second mortgage lien on said 49 8-5 miles of said
railway and Itspropeity; but inasmuch as the said
entire $t,817.ii00 00 were issued at the same time
under the same lien of the same scries, and without
notice to the purchasers of any difference therein,
,.,..,
to wit:
and Abraham
A D
In said decree: and
j
Tf/ie«as, Ihe said Special Master has made
his anplicatim for such order of sale, now,
therefore, in pursuance of said final decree. I,
J H. b'mks. Clerk of the Circuit Court of the
United StateafortheNorthern District of Texas,
at Waco, do hereby issue the following order ot
Bale in the above entitled cause, to wit; \ou
are hereby ordered and directed to seize tlie
Texas & St. Louis Eailway, estimated to be
31535 miles of completed railroad, with its Eastern terminus at Texarlrana, and Its Western
terminus at Gatesville, Texas, together with all
now
Its propertv. the said railroad and property
In possession of 8. W. Fordyce, Receiver,!;!)
golnted in the above entitled cause by this
ourt, and exorcising said trust And after giving at least 60 days' uoticeof the tlmeand place
and terms of such sale, and tbo speciflo property
to be sold, publishing such notice in two newspapers la the city ot Tyltr, Texas, and in one
newspaper in the city of New York, you wUl
proceed to sell at public auction in the city of
Tyler, Texa«, all and singular the lands, tenements and hereditaments ef the said railway
corporation, including all its railroads, tracks,
right of way, main lines, branch lines, extensions, sidings, superstrutture", depots, depot
grounds, station houses, engine houses, car
nouses, freight houses, wood houses, sheds,
watering places, workshops, machine shops,
bridges.viaducts, culverts, fences and fixtures,
with ail its leases, leased or lilred lauds, leased
or hired railroads, aud all its locomotives, tenders, cars, carriages, coaches, trucks and other
rolling stock, its machinery, tools, weighing
Bcales, turn-tables, rails, wood, coal, oil, fuel
equipment, furniture and material of every
name, nature and description, together witl» all
of said
[Vol. XLI,
!
office
of Messrs. Herndon
On application of complainants and for good cause shown, the above
,
*Wtli« above-described property will be sold before the Court House door.
» Dated August 4, 1885.
„
& <3aln.
solicitors for
com-
for monev, counsel, solicitors' and attorneys'
fees incuried. In fact, every claim wha- soever
which is entitled to ue paid out ot t ho proceeds
of sale of said railway and property.
The owners ot tho bonds and ( therva uable securities are not required to deposit the bonds
themselves.unlesa specially requestedso to do by
theMastcrforinspection, but shall givethe number of tbebond or other seourity, its date, amount,
style, rate o£ interest, when the interest began,
arid figured up to August 4, 188-3, In a statement by the owner or his duly authonzod a^nt,
and duly sworn to aud atti stcd before an ofllcer
having a seal. As to all other claims, the claim
itself must be deposited with tho Ma.ster with a
statement of ownership, as above, duy sworn
file aiid
to, which s.iid claims the Master shall
register in a book kept for that purpose, duly
and in the order recliissifled as to priority
ceived
It ia further ordered that said bpecial
Master shall c.iuse thta onler to he putiiishcd In
the same newspapei s in which said sale is .adveroiie
tised from this date until said sale. Also in
newspaper iu the City of St. Louis Mo .and in
Texas; amlthe Cicrkot the U.
the City of Waco,
fllo and
8. Circuit Court, at Waco., is directed to
enter this order upon tho minutes of said Court,
certiin the above entitled ciiuse, and ftiruWi a
Master.
fied copy to J, M. MoCormick. Special
A. PARDEE, Judge.
June 1 15, 1885.
Waco, Tkxas, June 25, I880.
,
J. M. Mccormick, Special Master.
DON
.
„
.
"^ **'*
sale Is hereby_postponed until Tuesday, the lit day of |f P*t"*t^'iP^ASr2
in the
In the city of "Tyler, on the terms and conditions named
»g"JJ,J',<lYiiiBr
j. M. MCCORMICK, special master.
»
@FedFRASER