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

VOL

;NEW YORK, AUGUST

43

^itmuciaL

I^inaiuctal.

P.aHoLLiKa. K.H. BuisaoN.

T

-

I

NOTES

at.r

^in«

UNITED STATES! and

of tha

Forslcn Covernmenta.
F.SGR AVIS'; AND PRIHTIMO.
Bakk >otk«, kUAUK CRKTiriCATSa.
.

4

mmftmt m *iMlm
•TABr% *^ Is ak« Smm
rmmu nan. rLATB%

WALL

11

MS CLARK

The

for

(M.

GORHAM MVg

SAriTV PAPER*.

AHD

MAIDBT

9

I

vi<~«.i«mnBKTS:
A. 0. SMCPiUai

OOLLBPnoNB mad*
at

AAA

P.

PumB. PrWL

J.

Co.,

BOSTOSr.

RiraR TO—

B. r. aaS rklladalphia Bloak Bsakaa«a«.

B.

Robison,

BANKRRS AND BHOKKBB,
Hvm T*rk.
SIIMi. Boadi ai>4 U. B. Owniaiaat Bliaiil lM
Bowbt aad SoU oa rftlna
WM. O. rLOTO^onB,
WnUAM BOBUOf,
H*. % KzcBabc* Ooart,

M«ak«s MairTort flIMfe BiiBiim

TIMKBB * WBtTOn,
BABKKBS AJn> BBOCBBO,
R«. S XOHABSB 0*IIBT,
Naiv Tork.

Co.,

BANKKR8,

apM teroMM*

&

&

H. Taylor

L.

Floyd-Jones

aar part of tba aoaatr,

MaH^uiU' KaUnaal Bank aod Bank of Nortli AiDar>
laa.li^Torti Marebauu-|(aUaBal.Chiaacoi Ms*.
aititWallBail. Bttoa.

•4**,000

«

&

la

C«r. Third mod

W.

"•«**

rhcMoat

Compataat

D. Probst

Boa. tS

InTMtment Sasartttaa.
W«« York. B i HI aiaraaatottarplacat

Janney,

BANKEBfl,
9< Naaaaa St.,

New T^-k.
MMaad
H of BolUoii.
ratal«a Bx-

*

ilgB
Baaatva dapoaitt aad
Baal la larartawat n aaa^U
nliaiiaa and inrtu
ParUealaf
_ attanUoaalTaalo
IBT
It BaaaTltlaa.

M

a TtVKia. ll«B*ar M.
kasaasLAKB Wiaiov

Rolston & Bass,
Bo. 20 BBOAD 8TBEET. NEW YORK.
HTOCH BROKER.
STOCKS, BONDS
ANDniSCELLANEOCSSECUBITIES
Lansdale Boardman,
BBW TOBK,80BBOADWAT*6nWBT. Oorraapoodanoa gaotationa ebaarfnilr fnrnUhed.
•ollcltad.

N.

H^

Be. 17

riBST BTBBBT.

MkanMai prtfatawtoai aS

Buttrick
IS Wall

&

Wm. B.

MdMbar W.

Rouituic,
T. Btocli

Jaa BOWABO
Manbar of

Elliman,

N«iw York,
wttLVT-ri.\%» H05IIM roR invBirrNtrt>*«,

nK.>T A APKCIALTV.

latnaton viaMat to myrorBall «fa tantad tooa

J.

In

Loudon.

C. Walcott

J.

&

Co.,

BANKBR8 AND BR0KBR8,
No. 34 Pine 8tre«t, Now York.
TrsBBBct B (Jeaeral Banking Bnglness.
Btoefta

and Bond, bon^bt mid void on CommlMlon,

Orden

raoalTad In Mlnlni i<took<.and In UnlUtad
BacorlUaa. Collactlona mads and loan* nagotlatad.

DlTtdmdi and

Iniaraat eollaotad.

Dap<ialu raealrad mibjaet to Draft.
laTaaUaaat aaaarlUa* a •peelaltT.
Wa luna a naaaatal Bapott weakly.

WAUxnr,
r.

W. Alex. Bass,

Jr.

BieBta.

LATBAN, rBBDBBIOK W. PIRBT

N. T. Btoek Bzohanca.

H. Latham

&

Co.,

UWrrED BANK BUILDmO,

WALL NTBBBT, NBW VOBB.

•le.

%

*'•

Btau, Rallraad, JMatrtet of Ooloaikla
«^'fc.%!Sid"?iiS»
ndi and PoraKa

£S2SU'

Corral poDdanaa BolMlad.

i

OlCBUtaOB,

I

Mambata of tha Naw Toik
Btoek xohanaa.

Robertson,
BOND AWD STOCK BROKER,
L.

J-

Dealer Ib InreBtment SecnrltieB,
Vo. 7 NASSAU STREET,
(OonUoental National Bank Bulldlnx),

Wew Tork.

Albert Pearce,

fafardinf

HssBT

TKOV,

Co.,

aad

to laAHBatlaB rasardinc

&

&

KXOBANGE PLACE.

MKMBKBS NKW YORK 8TOCK iUCUANGB.
Ezeeate orders oa Stooka and Bonds

Pbaice

lnt*r«>taa..««ioa4aA>alaBaaa.

Chrystie

53

Jaa.C.

^'??h!f£d53^aafear'-^*'"
(iren

Prtrataalia to

ICxparta.

Modermta Cliam*.

Bta..

raniTMl •nbjaet to shack at ilcbt,

Partlaalar attanuoa

Securities

Lanca UVarr of iuilroad DoeamaDta.

lataraat allowad.

PHILADBLPHIA.
Daaoaiu

Proprietor,)
CO.VCBRNINO

Jr.,

I.Vgl'lRIES

CoOdaotlal Baport*.

Aoooodu of Baaaa, Marotaaau and

rata*.

W. WoBK. CMSMr.

Maverick National fiank,
CAPITAL,
BVBPLVS,
A
OMmHmm

hiwaN

SCUDDER,

Strset,

Co.,
Bros.
BANK BBS,
niLWAI-KKB, WIS.

os iw w.

Tovm

TNCO. H. niEEUMO. tmftitmtlmt.

Agency,

Cblcaco, lU.,

St.,

American Stock* and

I.AVB.

Houghton

NBW YOKK,

Investors'

L.

J.

1 BACDONOUOM.
«. tt. tBiuJC

Kxotaansa.

8TRBBT. CHICAGO, ILL.

ANSWERS

SOLID SILVER.
Bros4war snd NIsetssBth

BLMM BOOMS Of EVEftV OCaCWPTHN
MJEET a. eOOMLL. Pu l lN*

8TRBRT,

384 La Salle

>>

Co.,

AND

182 BroAdway, Cor. Jobs Street

Fsii ••nuuraxjrrs aji» «*"'*S*?1*2»
BBAfT*. c«bcbb. billa ar bxcbanm.

•ArSTV COLORS.

Co.,

ISIPORTERS,

Un »t (ul* tl %tm Tak, IM^
lar*.
FjKauTiDa Am I'tomoo o»
BONDS, POSTAOK * REVCNUK STAMP*.
LEGAL TCNOCR AND NATIONAL BANK
liHH

Mamban H. T. Slook

&

Alfred H. Smith

Fi—ti* in*.

•

&

BANKERS AND BROKERS,

78 TO 86 TRINITY PLACE,

YORK.

I.H.Wao«ovbb.

Frank C. Hoilins

DIAMONDS.

Bank Note Company,

1,104.

l^itmuciat

AMERICAN
NEW

NO.

1886.

21,

16

*

18

BBOAD

ST.,

ALL KINDS OF INVBaTMENT
BONDS. MIBCELLANBOnS BBCDRITIBB
AND DEFADLTBD BONDS
COBBB8PONDBNC B gOIJCITBD.

BROKBR

IN

Howard

Lapsley

&

Co.,

BANKKRfl AND BROKERS,
T4 BBOADWA V andO NEW
New Tork.

STBBBT,

W. H. Goadby &

Co.,

BANKERS A»D BROKERS,

No. 34

BBOAD RTBEBT,
New

Terk.

THE CHllONICLR

li

^nnkevs

&

Morgan

Drexel,

gnawers nf

anjft

I8BUB TBATELEK8' CREDITS,

& Cbestnnt Bta.

lort o\iii.

S. HI. de RothMchild, Esq., Vienna.

DOMESTIC AlfD FOREIOS BANKERS.
Securltiefl
Depoafta received subject to Draft.
conimiaaion. Intereat allowed on
KOKDt and gold on Kxchantte.
Commercial Credita.
ipoBlta. ForelKn
Circular Letters tor Tr»Teler«,
Osble Tranafers.
•Tktlable In all parte of the world.

fers to,

of

Bxcbanxe on, and make Cable Trans-

England. France and Germany.

22

nuRaAN

S.

No. 23

CO.,

dc

Brothers & Co.,
NEW lOBK. Boston.
Pblla.
AND
ALEXANDER RROIVN Sc SONS
BALTIMORB.

Bny and Sell Bills of Exchange
IRBLAND, FRANCB
ONGKEAT BRITAIN ANDHOLLAND
8W1TZ-

ALTMAN

Country and Europe.
AKKC;OLLECTI()S.S OF UUAKTS drawn
tills

points in United Statea and Canada,
In the United States on
foreign countries
and their London house, Meaars. BROWN, 8HIPLKT
CO., receive accounts of American banks, firms
and individuala, upon favorable terma.

abroad on

all

and of drafts drawn

M

&

J.

&

Stuart

Co.,

J.
NASSAU STREET.
BILLS OF EXCHANGE ON
83

niTH, PAYNE

ic

8TETTHEIMKR

52 IVlIllam Street,

sold.

DRAW ON

THE UNION BANK OF LONDON
BRITISH LINEN CO. BANK, LONDON AND
SCOTLAND.

Maitland, Phelps

&

BANKERS

SMITH'S,

BANKERS, LONDON

22

VLSTIBR BANKING COMPANY,

OF SCOTLAND,

CABLE TRANSFERS AND LETTERS OF CREDIT.
J.

ALEIANDBR BARrNG.

Circular Letters of Credit for Travelers'
Abroad against Cash or Satisfactor}
Guaranty of Re-payment,

Use

Excbanse on London, Parla, Berlin
and Zuiicli.
Obsdits Opknbd and Patuzntb MAJ>K BT CABLX.

Bonae-iMUNROE &

CO.

No. 63

BANKERS
S9 TriLLIAM STREET, NEW^

International Bank of London
(Limited), London.
Ueaars. Jobn Kerenberg, Uossler&Co.

Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupona and foreign and
Inland Drafta.

Bills

Marcnard, Kranss dc Co., Paris

Unger, Smithers

&

AND ALL KINDS 0>

BROOKI.in« SECURITIES
DEALT IN.
8HB GAS QUOTATIONS IN THIS FAPBB
Geo. H. Prentiss.

BANKERS AND BROKERS,
Members of the New York Stuck Exchange
DBAI.SK8 IN FOnKION KXCHANOE GOVBHNMKNT
AND OTHKU INVKSTMKNT BONDS.

W. D. Prentiss. W. W. Walsb

Member N.T.Stock Exch.

LOMBARD INYESTMENT

Payable Senit-AnnuBlljr In Meir

York or Boston.
For

sale

by

J.

B.

McGEORGE,
No. 20 Broad Street.

BARING BROS. & CO., London

COinniERCIAL CREDITS,
Circular Credits for Travelers.

BROADWAY,

DEALER IN

RAIEWAY STOCKS,

O^S

TRUST

STOCIiS,

CO.'S

STOCKS

TEL,EGRAPU STOCKS,

113 Devonshire Street, Boston.

Messrs.

CO's

UNDOUBTED SECURITY.
Interest

Co., CITY

ATTORNEYS AND AGENTS OF

Co.,

and BondB

Street Railroad Stocks

FOREIGN BANKERS,
Nassau Street, New York,

Commercial and Travelers' Credits.
Cable Transf erk.
of Exchange.

BROOKLYN.

AND

NO. 96

1

ST.,

OAS STOCKS

MELVIM.E. EVANS & CO.,iTnNnnN
jl'MNUON.
C. J. llAMiniO A: SON,
MAKCUAKD, KKAf'SS dc CO., ip.Ria

Hamburg.

Blessrs.

nONTAGVE

of Exchange on

&

York.

ABD

808

Offer Investment Securities.

Kidder, Peabody

New

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

YORK

CORRK8PONDSNT8 OF THE

Tennessee Railroad "A'
Bonds.

Six per Cent Guaranteed Western City
and Farm Mortgages.

WILLIAM STREET,

Act as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds alerling & doUara.

Ruckgaber,

l8t

&

4 Broad Street,

Co.,

BANKERS.

Sell Bills

&

&

Alabama

TOBET& KIRK,

York.

Kennedy Tod

of

GAS SECVRITIES,

Member N. T. Stock Exch'ge

H. O. NORTHCOTB.

J.

"B"

24 Excbange Place,

KiNNEDT Tod.

Co.,

No. 32 Naaaan Street, New Yoik.
No. 4 Post Office Square, Boaton.

Schulz

and

Co.

telegraphic transfers of monet
ON MEXICO, CUBA, &c., i&e.

ALSO,

Paria

Mississippi

Ist

& Marquette Land

Western Railroad
and 2ds.

bills of exchange, letters of credit,

EDINBURGH AND BRANCHES;

&

dc

New

BELFAST. IRELAND;
AND ON THE

lune

Detroit Mackinac
Grant Bonds.

AND

MANCHESTER, PAYABLE IN LONDON

John Munroe

^^jjecial Ittujestmjeuts.

New York.

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

BANCHESTER & COUNTY BANK, COMMISSION MERCHANTS,
"LIMITED,"

NATIONAL BANK

AVAILABLB
ALL PARTS OF THE WORLD, ON
Messrs. C. J. Hambro & Son. London.

Berlin,

John Paton & Co.,
SUCCESSORS TO
JESrP, PATON & CO.,

IN

Betnreeu

ft

Payable In any part of Europe, Asia, Africa, Ausand America.
Draw Bills of Exchanfre and make Telei?raphic
Transfers of Money on Europe and California.
tralia

SWEDEN AND AUSTRALIA.

Telegraplilc Transfers of money

ISSUE COMMERCIAL CREDITS,

Issne Letters of Credit for Trarelers Iron Steamboat 1st Mort. Bonds.
On SELIGMAN BROTHERS, London.
Detroit Mackinac & Marqnette
SELIGMAN FREUES & CIE, Paris
SELIG.MAN ft >TE'rTHBIMKR, Frankfurt.
Mort. Bonds.
ALSBEUO, GOLDBERG AGO., Amsterdam.

ic Travelers* Credits
•ae CommercialSTEBLINa,

make

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

York.

Nevir

SHBMANY, BKLGIOM,
BRLAND, NOUWAT, DENMARK,

Available In any part of the world, In FRANCS for
aae in Martinique and Guadaloupe, and In dollarafor
aae in this and adjacent countrlea.

NEW YORK,

Exchange Place,

FOREIGN BANKERS.

BANKERS,
BROAD STREET,

OLD BROAD STREET, LONDON.

Brown

Cor.

IN

& W. Seligman & Co.

J.

Co.,

39 WILLIAin STREET,

BR8' CREDITS.

AND THKIK COBKEaPONDKNTS.
Draw Bills

ATTORNITS AND AOKWTa 0»

nesara. J.
iro.

aU

Drexel.HarJes & Co AleMrs. N. Itl. KothMchlld & 8onii, London.
**
de KolhHchilfl Hron., I'arlM.
31 BoaleTard Bansamaim,
"
m. A. de UoihHciitld lit tiont, Frank-

PARIS.

&

Ickelheimer

available In

parta of the World, tbrouKh

Co.,

PHII.ADELPHIA
•

Co., Heidelbach,

12 Pino Street,

No.

NEW YORK.
Oor. of Bth

&

gxchRUQe.

BANKERS,

WALL STREET, OOKSER OF BROAD,
Drexel &

Ifoujeiflu

Co., August Belmont

XUU.

[YOL.

Bank
In

Stocks, Insarance Stocks.

my q notations

of Trust and Telegraph Stocks
Saturdav's KvnUm) J*nirt and DnOv InrHralnr.

See

memphis & Little Rock RR. Bonds,
&Tenn. RR. Bonds,
Carolina Central KR. Konds,

miss.

STERLING LOANS A SPEriALTT.
St. and 62 Greene St., N. Y. Cable Tra^sfeks and bili.8 of Exchange on
Ga. mid. & Gull Hallway Bonds,
sell on commission, tor Investment or on
Great Britain and thb Pontinknt.
4tlanla & Cbarlotte A. L. R'r Bonds,
margin, all securities dealt in at the New York Stock
Exchange.
.Memphis dcCbarleston RR. Bonds,
And Mlscellanoon* Securities,
BANKEK8,
Canadian Bank of Commerce.
BOUGHT AND SOLD
New
York
'nlMing,
Broadway,
Equitable
120
SURPLUS, $2,100,000.
CAPITAL, »«,000,000.
By R. A. LANCASTER dc CO.,
OP
CREDIT
AND
LETTERS
J. U. GOADBT & B. E. WALKER,
10 VTall Street.
ClltCILAR NOTKS
JOINT AGENTS,
Issued for the use of iriivclers In all parts of the
TO BUY Oil SELL ANT
WANT
London.
IF
VOU
drawn
on
tlie
Banh
of
Union
IS EXCHANGE PLACE, NEtV YORK world. BIHh translern ntarteto
London and to various PUTS OK OA I.I.S ON HTIK^KS OH BONDS
BUT AND SELL BTKltLlNG EXCHANOK, CABLE Telegraphic
write to, telegraph to. send for, or call on,
places in the United Slates. Deposits received sub-

44 IVall
Buy and

KOUNTZE BROTHERS,

TKANtiFERS, ETC.
ISSUE COMMKKCIAL CREDITS' AVAILABLE
IN

ALL PARTS OF TUE WORLD.

ject to check at sight, and Interest allowed on balances. Government anfi other bonds and investmeni
securities bought and sold on Oommis8lon4

il.

W. VtOSKMl \ M.
I

«0 FmchnnirP I'l"<-«. Xfi.' Vn^tr,
Send for my new Circular, just issued

AUOOTT

THE

21. 188«.]

'^nUevs
JAMM

attd IBrohcrs in

B. CBDOIB OAXLMt,

WHrrCLT,

U. DODOB, Waahliwtoo, D.C.
a. TKATiys, 8PMU1 P>na«r.

WM.

Prince & Whitely,
BB«A»WAT, NBW toBK.

Re. •4

^ w^

BVTMldMll mi IIMIBlMlllll
ateo OnOn aad PrortAiaa.
••fttla*:
'
PilVf ¥«>w»l»l» w<J» to PlilluMptla. Wll»l»».
HaTW.
tpa, BalUmora, Waahtiwtaii. Bi l lpi iwMl.

Hn

BoMOD udPuuban^

No.

mU

««tnii( lo bar or

"VSSSKSSS^ rneOoaaX

I«U

•Mkw Idr Qhb or oa Mamia
W.

a.

|ii(iT«.

Cba*.

J.

or

"^orTi CCltg.

Holt,

Geo. K.

INTKKBBT

racelTed and

TAurroK.

aUowad od

obo. h. bolt.

L-HDIUBR.

BROAD

18

ST.,

Bq7 and Mil on Coounlaalon. for cash or on margta
aacorlUea dealt In at the New Tork Stock Sbc
ohanKO.
'
Intereat allowed on dallr balances.
All depoalta anbjeot to check at (laht.
ParUcular attention to order* bT mall or telecram
all

H.

NEW YORK.

TomnsKD,

Townsend

New

"

Md

I

Bawht and Sold on CommlMlon

rkrttcalar al tont lon alran to Information racardtap lavoatoMOt aoeultiaa.
(aoa Uiaa A TraM Co. 6 par eont Dobantaraa

boapkt and

aold.

(jorham, Turner
CBABLMr.
riL T. CABoua,
~
Moaborr
r .1. r. Btook KsAaaaa.
,

OOX

'

&

Cox,

mmoA

ffooolred
b
lowaiS oo daUrbafa
lataroM allowaiS

&

Co.,

BANKERS AND BROKERS,
aUUa BaUdlBC, as WaU St., New Tork

&

'AffiftSfcs;?

Blook Bxokaaao
> U* Now Tork(D*
Davis
Co.,
CMk or •eo John H.
BANKERS AND BROKERS.
'

.

Do a atrtrllr

&

Oilman, Son

<'ominl>alon Bualneaa la
ST04'KS, li4t>UH and (iHAIM,

Co.,

irua Prlrala Wiru

CBBAB STBBBT.

oddiuoo to a U«Mral Bwiklaa

and

Sail

u,

BROKER
AHD
Dealer la MiscelUneoos Seearitlea,
MILLS BUIU>INa (Sd Floor.)
Boom* ae A as.
S3 wall, street.
HTATB ANU CITY BONUS OF UKOKtil A, ALSO
BBCUHITIKS OF TlIK CK.NTItAL Kit. A BANK.
INO CO. OF UKUKUIA A SPKCIALTY.
'

Inreaton wlahinc to bay nr Mil are Inrlted tooall
or oorroapond. Prompt and pereooal attaatlon glTaa
to all order*.

Hamann

(A^K ECo.
RS

B A

BA\HER»«,

N O.

and

&

Huestis

Co.,

Bar aa'

tal'

laTeotaient Secarltlea.
.

DAYIS.

&

J.

Execute Orders

In

Special Attention Klren to

Corraapondeoee Bolleltad

&

Simon

BODTBBKB

B A H

K

B

R

H,

l

No. 14S

Bdwaad

nirKivaua.
s.

r.Moek Bnhaada.

p.

Rir BW Lblakp.

Auuto

Dickinson & Ailing,
RANKF.Rn AND BROBBBS,
No. ao Plae Street,
He; and xri

TBeTMawT
i,

at

New

York.

M. Y. Hl-ek Kxrbanao,

r>jr

ur on MABOIW. all plain ot
aad alio* laiatwt oa

!!«•

'

'

to

See Onotatlon* of Cltr Ballroad* In thi* paper.

». 3,;

fi^y

iMasMri

-I V
iS>.

Bishop,
iiiKUHH,

I

I

I

:«BW TOBI

.

Baehaaae.)
^^^^^aa*. lunicn
aad otba n raoal*
a
AaUfMUrOoaiBilal

^^^Mi ea

.

.

.

ba l a eei.

_^^^^^BPi*iBB|naadai*ofMniu and banc.

^lIBMvMBiPMB Wlio to Alkai|r,Tror. B'raesaa
Bo g* »'»>.
l>n«on

I
<

<'la«olaMaadCMeB«o
Banlol lx>ndoala
-• aaeaalato eait.

<M->.Belkiu,
It;

Sbeetai aiiaaUvaairaato

-eBrTSro

E.

Bailey,

S.
BH PINB STBBBT.
DXAUXQS

I.N

A SPECIALTY.

BA.VKKBS,:

DNITBD

HANK

11 I'll

L

D I N O,

^all street, corner Broadway.
trocMs, aoKDii ^ oommmsoui, paper.
aad Bond* biiubt and *ol4 oa orwnmlirton
stock Kichana*. Adraoat

atNawTofk

&

HA ihKi-

TORK.

CITT RAILROAD STOCKS A BONDS
BOnOHT AND SOLD.

INSITRANCE STOCKS
atoefca

Hamilton

BROADWAY,

KBW

<

MmK^r

Seeoritlesi

BBCtTRTTIBa A 8FBCIAI.TT.

H. L. Grant,

Co.,

H Hroadwnr. cor. Bzobanan Place, N. Y.
Branch OBct-, -All La Halle Hi.. t;hleace,
17 Taara* MaabOTahiD ifaw Tork Stoek Srnhakea
BANKI.NO RUSINBaa,
tbamsact a UKNBRAI.
Maabara Phl adelpkU Blook Bxehaaaa.
AND SAUB of
uScufDWO TIIK HLKCHAHK
Hoo. 18*18 Broad Stroot, New Tork. iro«BAm> BUND!* KORl ASH (IK ..NMAHHKM. I.VVKf*TME.><T -BCURIloo. tor InTaauaent or oa SlSrVuT A.VI)
AI.I.OWKri
ON DBP08ITB
TnTICBIWT
la at tae R. fTsieek £«h. TlSk.
K AT SIOllT.
ALvaaD B. UMraaaaaT JdTiBCT TO UK.
I'. (>. Box 447.
C W. McI.lf.l.tH.
O. A. BOOOT.
II

Uated on

GoTerniaeBt A other iBTestmeat Boada

BAVKKIB AND BROKERS.

w.

Secarltlea

all

NEW YORK STOCK EXCUANQE.

Rail road aad IBTestmeat

U

Kimball

Wescott,
New York,

.:.

ordonia aP jooa rt im lloiad at the No*
Tork Blook BxoteM*. rw flaio
ftaoMXAJO ILa(|Ao>oriaarT MotrroAak Bomw.
> BO BUB
B. UOBSTIS.
M. SWAN.

R.

&

New Tork

St.,

Borg
Co.,
BOX tfin.
Watlakd Taaaa. B. r. Mobsb. No. IT NASSAU ST., HBW YOBK
IIIUC.
W.
DBALBR8 IN AIO, KINDS Or

mtttwmiut TO

WOOD *

Boalnaaa,^ Inctndlna
tut

p. o.

A. M. KiODBB.

HBW TORK.

8ANKKB8 ANB BBOKBBS.
moan

,

HTOCKS andBONUS

aala o(

New

10

18 Wall Street,

New Tork.
a Oanaral Banking

NBWTOBX.

PtXB aTREET.

.>

Cahoone

WALL STBBBT,

IS

NO. SO N AIWA I BTKlUtT,

31

*

64 Broadway

Walston H. Brown & Bros

Wood,

T

Bschaace Court dk .14 Ureadwar. N.
Stock*, Bond* and United States .(loTemmec
SecortUea Boiutbt and Sold oo Commlpton.
BBTUtLT ClIBW.
JAS. U. SIHUM8.
Member N. T. stock BxebanBe.
Member N. T. Prodooo Bzehansa.

'i

Baowa.

P.

Chew,

STOCK BROKKKS,

Stewart Brown's Sons,
STOCK BROKERS,

BaMMM. Boy

Uaa.

U. Baow*.

&

Simons

ClIICAUM. UA1.T1MOUB.

OoTacBsoat Boa«aaad loraMaoat Boaait-

WAianw

BoSTOir.

PUILAUKLPIIIA ud Intanuadlala fulnu.
No. IT WALL BT., HBW VOBK.

BAMKEBS,
No. St

HILL A KK.N.SKOY. f
DBVKM8 A TUCKBRMAN,

A. Dutenhofer,

Banker* * CeauUaaioa Stock Brekor*
Ho. SB BROAOWAT.
Adbtdi O. Gokrail
Okas. W. Tubbkb,
Braaeb O«oa,na MaMooa AT,oor.«M 8U Mow Tork Cbaa O. Hoblk.
Hember H. T. Stoek Exeh

In

W.CLARK A CO ,{p_„
._„__.
•^"-*""'""**

New York.

Ho. IB Wall Street,
Blli>l aad Booda

Tark.

Boa4a BowMaa« 8oM oa Coaalaalaa
Stooto
toy oath or oa aafgto.
|)*«a lo DMMat BMarttti

eoaU la

BBOADWAY, NEW YOBB
CORBB8PONDK.VT8

H. Dewing & Son,'
Washburn, BAWKER*^ A!%D BROKERS,

«!«•<,

Carol in

H

tpaolal Paftaar.

ASO BBOK£B0,

BANJUUta

n; • WaU

&

ic

Maaare. B.

tUmfr H.r. WMk aiofcaiwa.
Jjio. P.

Co.,

BANKERS.

TS

Dkwi.vo. Ci^Bs DBWno. r.T.BomBOOD
LAiinxa c. WAtmmtmm. HIHAII(Moabv
of Naw Vurk Btook Brxhanga.)

TowjciBVD,

&

B. Hollins

TiraaanoU a ranarml Banklns bmlnooi. loeladlnc t be
parohaaa aad aalo of Mo«k« and feoada toroaak or oe

Tork.

IN

FIRST-CLASS INVESTMESTTS.

the H.T. Stock Bzobancr)

In

BANKBB AND BBOKEB,
A

York,

DKAXKKS

Turner,

J.

(U Taan' Mambanhlp

Sons,

Sistare's

16 dc 18 Broad Street, New York,
131 Sontli Third Street, Pbiladelphla.
York. Connected br Prlrate Wire Tith main office. Now

Boy and mU OOVBRNMKNT, MONICIPAL and
B*II.BO*l> Saooriuoi.
PriTata talamph wlraato Proridonoo and Boaton

18

iii

St., Cor. New, New
GENBKAL BANKINO boslneu.

C.

otkntn

H*w

PotrolaaB Mzakaaaa.

(

a

a. p.

lUllro^ Bond*. FwUnsofrwit BooOi wli.

Twmtr TMn' •xpartWM lo

!!

WaU

1 1

TRANSACT

a. B.

Fred. H. Smith,
BANKER k BROKER,
Ho. SO BBOAO ST., NBW lOBK.

W'^^

BANKERS,

DBP08IT8

i

&

Taintor

MATKABO C. arRC.

HBVBT

CHKO]NlCLE.g

ika.inaaa

aaaar

a/ni of h«r

.aeanUM

Oaiih paid at once for the abore *ocaritlesi or ttaay
will be .old on commlflAloD at *eller*s option^

Reed

&

Flagg,

Doncsan Building, Cor. Nassau

& PineStfc

Walsh & Floyd,
STOCK BROKERS,

BBOXBR8 AND DBAIiBB

BHOAI) STREET, NEW TORK.
NIOOU. riOTD, JB
W. Wamh.Jk..
Member M. T. Stuck Kiobaoae.

B O IV ]> S

No. 26

Jambii

BNTRAMCB

No.

11

PINB BTBBBT,

IB

.

THE CHRONICLE.

IV

and WoveiQu

Ct^atiadian

Bank of Montreal.
•

•

•

.

SMITHERS,

C. F.

W.

J.

W. BLIJDENSTEIN & CO.,
AAISTERDAin, .... HOI.I.AND.

General Uanager

BSTABUSHID

irew 70SK OFFICE.69 & 61 W^ALI. STREET,
WALTER WATSON, } A „,_»«

Noa.

Bay and

Hong Kong & Shanghai

Bankvereeniging,
B.

President.

BUCHANAN,

FORE ION.

De Twentsche

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

.

;

1861.

CaplUI fnlly paid ap.7,203.925 OnUdera (t2.8Rl,5T0-)
UeserreFimd
918,082.9^ "
(}385,237-)

OFFICE, AIHSTERDAin.
BBAN0HS8:
Iiondon—B. W. BLIJDjSNSTEIN *

OF CANADA.
-

.

No. 55

Rotterdam— Db

$1,500,000

ANDREW ALLAN, Esq.
ROBERT ANDERSON, Esq.
HEAD OFFICE, inONTKEAI..

& 56 Threadneedle

lfi:W

Messrs.

GEORGE HAGUE, General Manager.
U. PLUMMER, Assistant General Manager.

C

lONDON, ENO.— The Clydesdale Bank (Limited.)
NEW YORK— The Bank of New York, ^. B. A.

The New York Agency buys and sells Sterling Exehange, C.ibte Transfers, issues credits available in
all parts of the world; makes collections in Canada
and elsewnere and issues drafts payable at any of
the ofQces of the bank in Canada. Every description of foreign banking business undertaken.

titwlCoTk Agency, No. 61 IVall Street.
HENRY HAGUE.
!.„.„.
JOHN B. HARRIS, JR.. j Agents.

AGENOY OF THE

Correspondents,

18 \rall Street,

28 State

North America,

Street, Boston, Ittasg.

Heinemann

SXREKT.

sell Sterling Exchanf^e and Cable TransIs-'ue demand drafts on Scotland and Ireland,

&

also on Cd.nada, Brttiah Columbia, Son Francisco

Co.,

62 Gresliam House, E. C,

and

Chicauo.

CIKCUI..AR NOTES

iss ed in Pounds SterlinR
parts of the world. COftlMEKlor use in Europe.
CIALi CItEIJITS
China, Jupan and tlie lOast and West Indies. Also,
n name of L.OMION
liLUiTBO, available in the Brazils, Hiver Plate, &c.
Bills collected and other bankinjc business transacted.
D. A. McTAVISU, ( a „^„.,
Ag®""-

avallHOle

in all

H.

UKAZIKIAN BANK

8TIKKMAN.

(

Bank of Canada
CAPITAIi (paid np),
$1,500,000
SURPLUS, ....... $500,000
Imperial

-

H.

8.

-

W ILKIE, Cashier.
H£AD OPFICE, TORONTO.

ROWLAND, Pres't.

D. R.

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

demand drafts.
Negotiate Railway. State and City Loans.

THE

BRANCHES:
St, Catharines, Port Colborne, St. Thomas. InffersoU,
Weliand, Kerpus. Wood.-Jtock, Winnipeg. Man.,

Brandon. Man., Essex Centre, Niagara
Falls

and

Gait, Ont.
A Sterling

Dealers in American Currency
Aftents In

London

I/loyd's, liarnett's

&

Afrents In

Bos-

New York

(LIMITBD),

:

No. 4

Ba^'k of Montueal,
;.Anquet's Bank, limited.
69 WallStreet.
G'4 Jjomljard Street.
Promptest attentU>n paid to collections payable In
any part of Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft on New York.

&

Gzowski

Buchan,

BANK

Stocks and Bonds, Sterling Exchange, Drafts on
York, bought and sold at CURRENT PKICK8.
COLLECTIO.NS .MAIJB.

Capital Paid Cp, £971,360 Sterllns.

to

Loans of approved Railways, negotiates and

issues Loans on the London Market, acts as

Agent for

Railways and other Corporations, either in the mat-

THB

ter of

Anglo-Californian Bank

payments of Interest on Loans, Dividends on

or Registration of Stocks In London, or otherwise.

(LIMITED).

LONDON, Head Office, 3 Angel Court.
SAN FKANCISCO Office, 422 California St.

NEW YORK Agents,

J.

& W. Sellgman & Co.

BOSTON CoiTeapond'ta, Massachusetts N. Bk.
Antliorizod Capital,

Paid-up Capital,
Reserve Fund, -

•
-

-

-

-

-

Cable Addresi-PATT,

Bank of

LONDON.

Australasia,

(Incorporated bv Koyal Charter, 1835.)

$6,000,000 4 Tlireadueedle St., London, Kngland
I'ald-up Capital, ------ Xl.flco.OuO
• 1,500,000
Reserve Fund,
£780,000
400,000
Letters of Credit and Drafts Issued on any of the

-

...

Transact a general banking business. Issne Com.
mercial credits and Bills of Exchange, iivallublo In all
. * ""'Id. Collections and orders for Bonds,
Erlxt"
otocka, etc., execut ed u pon the most favorable
terms.
t HI O'K h\ LOW,
)

„

I"NATZ STEI.NUART,i''*»°»«er«.
_ „
P. N. ,,,,
LlUBNTliAL. Cashier.

bnutchea of the Bank throughout Au»New Zealand.
negotiated or sent for collection.
Telexraphic transfers made.
Deposits received in London at interest for fixed
periods, or for transfer to the colonies on terms
whicii may be ascertained on application.
PXtlDKAUX SKLBY. Secretary.
nuii)enjii3
tralia and
IJills

CO.
oar

BOI8SKVAIN

Bi.AKR.

'iuancial ©omp^auieB.

Bonds of Suretysliip.
NO OTHER BUSINESS.

The Guarantee Co.
OF NORTH AMERICA.
Cash Capital
Assets and Resources
Deposit with Insurance Department

Sib ALI2. T. GALT.
Managing Director

1300,000
830.000
240,000

Vice-President:

Hon. jas. Fkruiib.
:

EnwARD Rawunos.

NEW rORK OFFICE:
NO. Ill BROADTTAir.

D. J. TOMPKINS, Secretary.
Niw York Directoks—Joseph W. Drexel, A. L.
Sopkins, H. Victor Newoomo, John Paton. Daniel
Torrance. Kdw. F. WInslow, Erastus Wlman, F. P.
Oicottand J. K. Pnlslord.

FIDELITY
A

Nos. 214

CASLALTF

&.

CO.

BROADWAY, NEW YORK

218

Cash Capital, $250,000, Invested in C. S. Gov't Bonds.
$200,000 deposited with the N. Y. Ins. Dep't, lor
Assets, January 1st, 1886, $5iXl.0OO 43.
Officials of Banks, Railroads and hjcpress Compft.
Dies, Managers.Secretaries.and Clerks of Public Companies. Institutions and Commercial firms, can obtain

BONDS OF SURETYSHIP

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

courts of the various States

CASUAI.TX DEPARTMENT.
Policies issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates, &e., can be

obtained at head

office,

or of

Company's Agents.

Wm. M. Richards, Prest. Joh.v m. Crank, Sec'7
ROB'T J. 1I1LLA8, Ass't Secretary.
DIRECTORS:
Q. G. Williams, David Dows,
W. G. Low,
Charles Dennis.
Alex; Mitchell,
Chittenden.

S. B.

The Investment Co. of
Philadelphia,
310

LONDON, ENGLAND.

Tbis Company undertakes the business of Trustee

New

F. B.

BlTIIiDINGS

STOCK ANO EXCHANGE BROKERS,
TORONTO, CANADA.

A. A. H.

J.3.T. Stranahan, A. S. Barnes.
A. B. Hull,
H. A. llurlbut,
J. L. Riker,
J. D. Yermilve.

Railway Share Trust Co.

Exchange.

dc

will ilsn for

the protection of Policy-holders.

LONDON.

ISSUED

&

)

J

STANTON BLAKB,

CO,

New York

Bur and
fers.

BLAKE, BOISSEVAIN
Mr. H. J. DeLANOY MKiTJCB
Orm by procuration.

President:

OF

No. 52 TVAIiL

&

BLAKE BROTHERS &

Ht.

hare this day commenced to carry on a ffenBanking and Commission business at the abOT*
address. In co-partnership, under the style of

;

New York and Boston

4r WIIHnm

COPTHALI. COURT.
K. c, l»t January, 1880.

eral

KNAUTH. NACHOD & KUHNE

Solicit accounts and agencies of Banks, Railways
Corporations, firms and Individuals, upon
favorable terms also orders for the purchase
and sale of Bonds, Shares, &c., &c., on Commission on the Stock Exchanse.
Negotiate Uailway, State and City loans.

Bank

British

and London.
A. IW. TOWNSENn. Agent.

YORK 00RRBBP0NDENT8:

Co.,
L<ONDON, EKGLAND. •

BANKERS:

5i)D,000

^EweBEG TO ACQCAINT YOU THAT

Wi8SELr«n-£FFECTENBAn^

Blake, Boissevain

$7,500,000
4.500.000

lleserve Liability of I'roprietors
7,500,000
The Corporation grant Drafts, Issue Letters of
Credit for use of Travelers, and negotiate or collect
BUls payable at Bombay, Calcutta, Slncapore, SaiKon,
Manila, Hock itonff, Foochow, Amoy, Nln^po,
StaanKhai, Hankow, Yokotiama, Uiogo, ban Francisoo

Transact a general Banking and Commission
Business in Bills, Stocks, Shares, Coupons, dzo.

President.
Vice-President.

J.

Kesorre for Bqualliatlon of DiTidonds...

11

<je

$5,799,200 Paid Up.

.

ReserveKund

London,

<ondou Office, No. 22 Abcbnrcb Lane. Enscbede-B. W. BLUDENBTEIN, JB.
Almeloo— LEDEBOEB CO.

Merchants' Bank

BANKING CORPORATION.
Pald-np Capital

BEAD

EzchanKe, Francs and Cable
Transfers grant Commercial and Travelers* Credits
avatlabte in any part of the World; issue drafts on,
and make Collections In, Chicago and throughout the
Dominion of Canada.
Bell Sterling

Capital,
Keserve,

IBauluevs.

FOREION.

CANADIAN.

CAPITAI.,
8UHPI.US,

un&

|B%ttlis

XLin.—

[Vol.

CHESTNCT STREET.

Capital, $2,000,000.
Acts as Financial Agent in the negotiating and
marketing of Securities. Deals in Bonds— Corporation. Railroad, Stale. Municipal, &c. Executes orders
on commission in Bonds. Stocks. Ac. Collects interest
and dividends, iieceives money on deposit, alloving interest. As desirable investments otTer. will
issue its Debenture Bonds, secured by its capital and
assets.

Officers

:

WILLIAM BROCKIK. President.
WHARTO.v BAUKKB,

HENRY

M. HOYT.

Jit..

Vice-Presldeiit.

Treasurer.

ETHELBI'^ltT

WATTS,

Secretary,

Board of Directors— William Brockie, George 8.
Pepper, Morton .McMichael, WhHrt<»n Harker, Henry
C. (iibson, T. Wistur Brown. Willium I*otter.
Advisory Committee of J-tockliolders.— Ueorge M.
Trout man, Gustavus English, Isaac H. Clothier,
William Pepper, M. D., Thomas Dolan, John O,*"
Reading. Joseph E. Gtlilngham, .lohn Wanamaker,
Henry E. Smith, Charles B. Wright, Henry Lewis.
CralgeLipplncott.Hamilton Disaton, Clayton French,
Francis liawle.

Investment Securities
BOUGHT AND

SOLD.

IV^ANTED:
Scioto Valley Bonds, all issues.
Southern Central Ists.
Toledo Ann Arbor & North Michigan

Indianapolis

Memphis &

& Vinr^ennes

Little

Rock

AliBERT

lata,

Ists.
Ists.

£• HACUFIEI^B,
No. 5^ Pine Street.

AuocsT

2!,

^arm

THE (IHRONICLR

1886.1

©ompauicB.
TBB
Brooklyn Trust Co.,
Hayden & Dickinson, The
Provident Life & Trust Co
Cor.of Montacneaad ('lliitoDSU..Bn>oU7n. N.T.
IftTgrrMKHT BAJfKEK«.
charter to
Tkia company
aothortsed by
OF
- - - COLOUADO.
PniLADELPIIIA.
DBNVKIB, •
aot a*
jiue. KuanlUii.execatoror admloIncorporated
Strust (£>orapnnits.

plortgaflcs.

'gvxxst

special

Is

reoelTer, tr

W«

luT« on Iuui4 and for s«J« arst-olaM Coonty
Mt OitnnI Booda and other choice Hoarttlaa. Wt

•MtellTrMQmBMBd toounj«rT»tlv«liiTaaton oar
mnd rua
UULMTATKLOAR^oa laprvT«dCttraftar
rtcM
>)0iiWlM
— TbMi IMT* bMB mmOm bj u

—

—, of tati* aad *••••, and

can ba tnuM'

It can act as atcent In the sale or Banacement or
real estate, collect interest or dlTidenils, receiTe re-

Klguj and transfer books, or make parebaae and sale
of Uovemmvnt and other seeurltlaa.
Balidloas and oharltable liistltaU"ns. and persons
anaeeoatomed to the traosacttoa of bnstneas, will
Ond thU Cumpanr a safe and aoarenlant depoaltorr

KIPLBr ROPBB.Praadaat.
EUMU.XD W.ROaLUrt, Tloe-Preat.
THU^TEBS:

(OTBoaar.

6% EQUITABLE 7%
Mortgage Co.
AND

Aaooi

Ho.

fMO

00
too 00
I>IO «•

f

B.«,«1*

B.tMt

KWM
B.MM

4.0MM

eaavttr. OMmlr.

BtoVB.
l,M«Oil JiliiUL.

aiau.

(to

«JNO0O Ikaa.

Wm. H. Male,
Rlplor Hopes.

Abram B. Harlls,
B. Plerrapoot,
" H. W. Maxwell,
«!'!( •ona rrRHAjr. flecr*»fary.

United
Ha.

—

II.

States Trust Co.
"
or SEW YORK.
49 WALL STBBET.

Capital and gnrpluaT - •

M,OOO,0O0

•

a

balMTa tkat a itnmaali I
ataod and etfa wklok
aaaartUaa wul liti '« tkat oar'
raaekad a aniaa aa parfact aad watt
•MM aTiivor K(« laaaFaaeaL

(CBABTBB PKRPKTUAL.)
« 1,000,000

CAPITAL

ASSETS

TOB, TKUSTEK. GUARDIAN. ASSIGNEE, COMMITTEE. RBCKIVBK, AGENT, etc.. for the falth-

ral parfonnanoa of which Ita capital and sorplaa
fund fnmlab ample seourltr.
^
All trust fnnds and Inreetments are kept aeparato
and apart from tha aaseu of the company.
Tha Income of parties realdlUK abroad oarefnllr
ooUected and dnlT remitted.

SAM'L

lUlU BiUldlng, 35

o» DBPOsrre.aftai
ummiST ALiiOWKD
witbdrmwn anas
Ba<aBd wttbdiBwn
aar U»o,aBd
«k^ Bar be oiada atwil/ba
foi
lolareat foi
aatllM to lataraat
aotttlad

3^uJ?i^i(?iSd
afcota tiaa tkar

ta aUA

nwr

mikaotnpanj

WHr ouB u>Aira hatb pbotbo
•O SATUFACTOIir.
Wa iBvafiaMT Unpad t>a laoaitty bafora making a l4«fl.
M. Wa rara-7
Taoa Hoaqasb,
aaadOOparaaMofiia
(o(Ma

TB0MASHlLI.HOn8B, Praaldaot.

'TRKliBRlCD.TAPPEN.Tlea-PraBldaat.
WALTER J. BRITTIM, Baoalarr.

Wa

la fiaoa.
aaa' Ikat all lax.* ara kap( paid.

ara aada

U

aad

aro^adlva faraia la laa aoaft praaparaaa por-

Kaaaal DIoao.
Jaaaa Low.
flps.

UBNHY

f

Krastns
as Canfib W.BaTMI-BMw
K B.Cbl
-hit
doa. aaaTk BiSlk.
JohnHI Rboadaa. WBTBiMkafaltar.
•!
P. WpkaL Alas. . Orr.

THO

I..

mm

Ulk.

awaiaaadalwatai
alimykrlka
vmt HaaMaal B aa
aac<i* Haw Tark or
ataaroaauf
aafaataa tka pnapt paraaa* of an
'

at Blarttr.
afaotaatka payaaaO o< pftaMpal

aan tloa aatarlir.

la-

wMMa

Union Trust Company
OP IfBW VOBK,
7S BroBdwaf, cor. Rector St., N. T.
CAPITAL,• 1,000,000
• UMPLLB,$3,000,000
Administraur
> aet ..
as Bsaaator.
w^iiM.,1.. .,
Urar. or Traalaa, and Is

NVB»r UHtiL roc BATauinvn-

JBraHMMttRTUAOIMi
^
to roR OUB PAMruuR Mirue rvu.
MUlATtOM.

_

orriCBHt

_

Okaa. M. rowkw. V f.
«. 4ik HI.,
fe. WTlkloaua. M«ii'(»r.

rwu^ii*
C

PnS, Maa'gar.
KaaaaaCIIT, •.«
II

II.

JuhoCATarr.

7%

6<^

A LBOAL OBPOaiTCIsr POBMOIfBT

of ioiinalliin

eanant aaeoaaU

S%

a laT f ataitat Caaipaar. of Bm-

Witt Ha ralaa. u> sheek
Ika naantna

lUHU*Dakuta. aad MoiCCS/fCo£!Kld1aM^

TBun;

O.

Witta

Farm Mortgage

_^

C M aaoa n

Sari, Lsaos Keonedr,

Qao.

Wa. W1uu«n«ht,

O. a. Wllllaau,
B. Waalaf,

LAWMB.IICB, KANBAS,
UM Mat aaa
aa la ika aarkrt
LKiStfi***
-MOBTUAUa UtAMS aim
UPON IMPBOTBU

BDWARD

lataraat

The Union Trust Co.,
AND

CIIB8TN0T STREET.

013

PaM-ap Capital

la Sbbs or %um and t'nwardii ob !•
dlBBB diiil Ohio Lkndfl.
OTBUIO BArBH. AI.WATfi PHUMPTLT PAIS
BMIl roB PAMPHUn.
JOB. A. nooKB,
• < BaM MmrUmt mo.. la^lMuiycUa, Im*

11.000.000

Mv.uOO

.

Aala aa KzeruUjr. AdoUnlatrator, Asalcnaa, ate.,
aad exeentas trusts of ararj dascn pUoo known to
tha law.
All traai assets kept aaparata from tbo a of tha

CoBpanT*

Baraiar- Proof Safes to rant at (5 to |M par annnm.
will, kept In raulu withont eharaa.
Bonds. Mocks and other TalaaPlae taken nnder

'""inilngis statoarr. Brontes,

etc..

kept In Plra-

Pr<M>f Vault*.

receired on deposit at Inteiv.t.
)>•<;. fre.!. JoIi.N O. KRAIIIM), V.-Pres-l.
MAIil.<>>' ri. 8TOK Ml, Treajiarsr A HMratarj.
II. B. fATTKBBON, Trust OIBcer.

Moner

NORTH
WE.HTEKN

GCARANTT
"

Baal Mdata MaHffiBaa ea OIt
aad Pa>m Piopatty, «ortk two
toTaar tiaaa aaoaaU of aMitla«arra«
aiorra« • poroaat
por
la
_.

HH,
pal aodtalar.
aiMl
Viapaaat. inaaipai
lalaff

aaiak
akMHUalf (uaranlaad.
•

-

M-

JAHM

DlkkTroKf*

JohnT.

-

James

harlo*ionf.«.

Wriabt, Dr.

I

u. Meadlna. Wn.
Joe. I. Keefe. i<

w

'

art-

AawrlMB Caaa A

Ix'nK. Alfra*! cl', ill it,

i.lohn

-

1

Tha Compaanie Oanerala Tranaatlantlqne dellTera

omoe In New York spaolaJ train tlokeu from
alu
iTTa to Parts. Bannira checked lhron«h to Parla

without azafflinatlon at llarre. proTidad passanaara
hare tha same deltrarad at the Companr's dock In
Maw Tork, Pier 48 North Rlrar, foot of Morton Bt„
at laaat two hoars batoia tha dapartnra of a staamor.

ilales.

BONDS

and

AOOTIO*

oa

WEDNB8DAT8 AND SATURDATB,

ADRIAN H. MI;lX.ER 4c SON,
Ho. U FIM£ 8TKEE-1', NEW TOKK.
IklinTAiiLB BDiLnino.)

''i.

S. Ives

&

Co.,

BANKERS.
No. as ivASSAi; st.,
p. O.

BOX

nbw tobb.

1,438.

Transact a aeneral banklna business. Indndlns tha
ptirchasa and sale of securities listed at the New

York Stock Exohanse, or

In the

open market.

Maniuvi IIkuiip,
llAltnin.hoN; .i. nrj

Uoremment, SUta, Conntj, CItr and Ba llmad
bonds constantlr on hand for sale or azchanca, and
particular attention glTSn to the subject of Inreat-

I»

1..

'

lUill).

•.."i'^'"
.U.K.
Mon•

Henry

.,.,
.hw\.
'"arJ
IVrklin.
>

.

'gitmncioL

BaoelTe deposits subject to check at al«ht and
allow Inlareat on dallj balancaa.

•

'

takao.

M.

'

pa<. r.

,

Joseph
I'llce,

t

'

M

"
HlMiBraMnalr kald brtka
Traak Co*- JaOOb Mailer.
of B oaOuu , Maaa.
WlUlam W.i<
UI.UI Kimii.i
Pai<:
-,—, Mod far alfaaiara to
NBIIBK 4k rABPRMTVB. prao. Pa.: JIi>
•-40«.INN>.
«. Bekert,
Baakara, Trar. If. Y.
Aath.ju j £vj tai
Towx W w
laatfrn kasaotra lor Ccb pan
Wsat Cu >.!,»'

»^^

facial Train tromt BaTra to Parla.

paiLADBLPBIA.

Aottorlsad Capital

Farm Mortgages

(new), 6at-

STOCKS AND BONDS,

KINO, PraaMaot,

BONALOeuN. MerOUfT.

oil

Bourguna

l.,a

At Auction.

JAMBS M. MrLBAN. Pin* Tloa- Pres't,
J AMIS H.(>01I.VIB,8aoond Tloa-PraaH.

A. O.

IS,

Cbampacne

Tin UDdeiSlF" I hold BEOCLAB
8A1.E8 of aU claaaea of

K
C.D.Wood.
A. C KJnsslaod.

Mel.aan,

J.B.Joknalon.
D. C. lUrs,

SepU

Puck ur P.aaaAaa(liielBdliiBwtaa)>-ToHaTi»rirMcabln, iKWaadMOi iaeond eaMn. taOi ataarWO indudloa wtaa, baddlna and otanalla. Ba.
torn uckau at verr reduced ratea. Cheeks on Banqna
Tran sa r ls n tlqna. liaTreand PariSiin afflounta to snlU

STOCKS

Kdvard o^^l.

B. rSirkart,

JaaaaM

La Normandle, Saturxlar.
(new), Satnrdaj, Oct. V; La
oidar. Oct. 18.

Ruction

A. A. l,ow,
U. O. Willlaaa,
K. U. Ramsan.
J. B. Johnston,

Oaona CakotWiard.
Bdward KtW.
B.B.WaalaT,
laAlpin,
n^ H. MaAr

UBCUTIVK COMMITTBB:

Co.,

LA N<>UKAM)lll.K8naMae...^t.,Anc.8l.iOA.M
LA HHK-rAli.NE(liaw), Oa JouiKlIn, «oic.2H. 4 A.M.
LA IKil'llUI>GNB.KTan|tanl...Sat., ^epl.4. lUA.M,
LA CilAMPAGNICTraub
Sat., bept. 1I,« A. M

Na. 8 Boirilnc nraan.

Oaoraa A. Jarrlt.
C. VandarbUI,

'

tde western

From Plar (new; 48, Hotth Blrar. foot of Morton St
TraTalars br thia llaaaTOld bou transit bjr Knullsh
rallwaj aad tha diaaoaafofta of eroaaInK the Channel
In a small boat.

I.ODU BB BBBIAN, Acant,

iM.MsI.aaa,

Wood,

T

GENERAL TRATiSATLANTIC CO.
NBW YOHK and HAVRE,

ABbroaoC. Elnpalaad,
JaaaaU.O(rtlTlo.
8. T. PaUtdiUd.
I. B. Prothln^iaas.

Mm ipar aaatBMoalBa^aada I
laaaa rorarth.
R.

allows Intorast

i

.

aotVaaraatwA,

aaawrtsnea

la

daUr^

JfB. Whitawrldhi,
tlaarTA. Kaat.
B.T.Wliaua,
"B. P. Basasll

Direct Line to France,

aaa,

Aaaapis tkatiaaafaradwdy aadraglairyof aloaka.
lad aaia aa Traalaa of BortMNa of oarpofatkma.
'
Allon lataraat oo dapoatta, wBek Bay
oa' fTa«aja''noUea, witk
SarSnoi
aa Uar rBiiaIn with tha
alaa oaaaa

ONLY
Bacwean

LOl'IsO. IIAMPTOK,
J wuaay r<««ar«ad la aa ter lannamii
apoa Ikadalaaf iia
haffaa (o dnnr la

I

Brown.

C.

Bdwud Cooper,

N. Pkalaa.

1*1

l iaalal I>. I..>rd.

yoa aytHaip»a»ad

LawTanca^ John
LAwrueth

e.

11.

.

1

j^tjeamsltips.

TRVsnBt:

O. Wiliu
BaM.B. Mlntora,
[John J. Astor,
Oeo. R. Warran,
Itui; 'John A. Stewart. Omort* Blisa.
Wllaoo O. Hani, H.M.Backrahaai. Winiam Libber,

WaL IL Macr.
Qlalua Gilbert,

(l.OOO.OOO.

*ujiar fTomnanloa

a of astataa

traa

or

lit.

Ilk.

WaU St., New York.

Daalcnaiad aa a lecal Depoaltorj b; oner of Sa*
proma Coon. Baeelre deposlu jt booct on Interest,
act aa Oaeal or tnoafer acant, or tmstae foroorporalloaa,aodaeoaptand azecnto an j legal trusts from
saooa or ooiiioraUons on aa farorabla tetma aa
pa
'*

I

4S. Waaceoatauaa »«lj
.W«loaa.«lf •.•I
_
puMaMO
•U. Waka^palllaaai

SIIIPLEV, President.

Metropolitan Trust Coe,

BBABOxa

Mk Oar foaaa

K.

WISTAH BBOW.S. Vice-President.
ABA 8. WING. Tice-l>resldent and Actoarr.

T.

flS±i:sS:S^SlSSS^.?L'iSSSS!^^^,
?

Mok

915,631,530 03.

IH8URK9 LIVES. GRANTS ANNDITIES, RECKIVB!< MONEY ON DEPOSIT, returnable on deBand, oron which interest Is allowed, and ls empowered bjlawtoact as EXECUTOR. AD.MINISTRA-

PAID CP CAPITAL,

Io<

M^MOO
u
Wa

Wood,

C. D.

.-

14.000 00 LawraMO. Mf
18.000 00 Naokolk. Mi
Than ara na ti ioi •bowta* tkat
'^ra Taan
raan to an lavaMBani of orar
.
•nalr-«Ta
.
.
kaa^aaa loat.
.iadoOarof
frlactpal or latara.t kaa
a daOar of pnactpalarlatara.t
wtUuot a paimllal la UMBaMof laraftj(4

Hwt

B. Kendall.
.1

I.NTERBM- OUAKAJITmSD

|1.«0W

Knowlioa, B'T K.Sheldon,

E. V.

Alaz. M. White, John T. Martin.
Kred. CromwaU,
A. A. Low.
Alex. Me< tie.
John P. RoUa,

Wo

mcft
Captui UaMinr. tMO.<xns nuk paid ap.
*> atTaaaaM •«•••< tiMilMo< loaaa. narctn r*.
•giadaad irkva loeatad. «• appaad a (aw or ttaoaa
B. S,4«r

Jodah O. I»w,

MlchlCbanncej. E. W.Oorilaa

WESTERN FAKX MOBTOAGKS.
PBl.NH'IPXl.

Third Mo., 22d, IHOS.

latrator.

menu for Inatltatloni and tmat fnnda.

THE CHRONICLE.
THE

To

CONSOLIDATED MOBTOAGE,
FIFTY VEAB,

PER CEKT GOLD BONDS.
PBINCrPXL PAYABLE 1935.
IMTEBEST, APKIL AND OCTOBBR.

OoverInK Tunnel and Terminals of
Erie Hallway at Jerser City.
A.

SMALL BLOCK FOE SALE
BY

&

€AROL,IN

COX,

BANKERS,
65 BroadVFay, Neiv Tork.

To the Holders of Texas & Pacific
Bailway Company's Income and
Land Grant Mortage Bonds.
Thus far no scheme of reorganization has
been presented which your committee can recommend to you for acceptance. Indted, it
remains with t.ou whetner any ncheme can be
rucetssjul wilhmd a proper recognition of your
rights, and unless you surrender your position
you will certainly secure fair and equiialile
terms. To tills end your Committee have determined to call tor the deposit of your bonds.
"In unity there Is streiiRtli," and It Is evMeut
that to ensure success your bonds must be concentrated into one block under one control.
The Central Trust Compimj' will be prepared
to issue its negotiable receipts against the
deposit of bonds on and after August 18, 1886,
and as poon tlierealter as possible tlie same will
he listed at tlie New \ork Stock Exchange.
The right to withdraw bonds wlU be reserved
to tuiy patties desiring to do to after the terms

agreed upon have been announced.

SIMEON J DRAKE,
CHRISTDPHEK MEYER,
W.

C.

HALL,

CHARLES J. CANDA,
WILLIAM STRAUSS,
August

12, 1886.

Committee.

Referring to above. It is requested that
bonds be deposited immediately, not later than
Saturday, 28th Inst.
S. J.

DRAKE,

Chairman.

the

Holders

of

Mortgage

the

Louis &
Pacific Eailway Co. East of tlie
Mississippi Birer.

Bonds

Long Dock Company's
SIX

25^inancial.

^iwattjcial.

'ginnncitd.

of the

Wabash

St.

At a meeting of the holders of Uotteage Bonds of
the Wabash St. Louis & Pacific Hallway Company
(on lines oast of the Mississippi River) the following
resolution was adopted:
Resolved, That the report of the committee (of
bondhold.*r8) be accepted, and that the bondholders
here assembled earnestly recommend the prompt
assent of the holders of all of the mortgages on the
lines east of the Mississippi River to the propositions of the Purcha.siug Committee, if modified in
accordance with the advice of the Bondholders'
Committee as given in the said report.
Accepting the modlflcatlons of the Bondholders'
Committee and anticipating the practical measures
necessary to a full compliance therewith, the Purchasing Committee now invite holders of Mortgage
Bonds on the main lines east of the Mississippi
River to assent to the propositions heretofore submitted as amended by the recommendations of the
Bondholders' Committee.
To insure an early compliance with the proposL
lions as modified by the report of the Bondholders'
Committee, a prompt decision on the part of the
bondholders is indispensable.
Books for tbe signatures of the bondholders are
open at the office of the Purchasing Committee, No.
195 Broadway, where printed forms may also be
obtained for the convenience of residents out of the
city

JAMBS P. JOY,
T. H. HUBBARD,
EDUAUT. WKLLES,
O. U.

ASHLEY,

[Purchasing
f Committee.

J

Lake Erie & Western E,' way
At the urgent request of various security holders
who have signed or agreed to sign ihe reorganiza-

agreement of Feb. 1, 1886, but are unable to
complete the deposit of such securities within the
limit of time heretofore fixed, the Purchasing Comtion

mittee appointed under such agreement have concluded to extend the period for deposit of bonds and
pavment upon stock until Wednesday, Sept. 1,1886.
But, subject to the approval of the existing parties
to the agreement, the committee will require all
holders of bonds or stock deposited after this dale
to contribute as an indemnity for the expenses incurred by the additional delay at the rate of $1 per
bond of each class and 25 cents per share of stock,
payable at the time of deposit.
The cooimittee invite attention to the very large
deposit of securities and payments upon stock
already made in the hands of the Central Trust
Company under the agreement, aad are prepared to
furnish full information relating to the same.
14, 1886.

FRANK C. HOLLINS (Frank C. HoUins A Co.),
11 Wall Street. N. Y.,
To the Stockholders of the Wabash HENRY W. SMITH (Mutual Life Insurance Co.).
Nassau Street, N. Y.,
St. Louis & Pacific Bailway Co.:
WILLIAM A. READ (Vermllye & Co.),
Nassau Street, N. Y.,
Notice Is hereby given, that after September IB,
CLARBNGE CARY (Cary & Whitridge),
1886, DO certiflcates of stock of the Wabash SLLouls
59 Wall Street, N. Y.,
& Pacific Railway Company will be received in exPurchasing Committee.
the Purchasing Committee,
entltUng the holder to shares of stock in the reorganized company. The time above mentioned Is
absolutely the latest date on which such exchange
can be made. Stock received will be subject to the
payment of the instalments and interest thereon
from April 10, 1886, and $1 per share penalty.

change for

certificates of

For the Purchasing Committee,
O. D.

ASHLEY,
Secretary.

New York,

Aug.

14, 1886.

Sewer Loan Bonds.
Bast Oranob, August

10, 1886.

The Township of E^ist Orange, Essex County, New
Jersey, solicits sealed proposals or bids for an issue
One Hundred and Fifty Thousand Dollars
of
It LOAN
($150,000) of bonds, to be known as "SE
BONDS" of the Township of East Orange, N. J.,
Issued under and by virtue of an ordinance passed
by the Township Committee, In pursuance of the
provision of an Act of the Legislature of the State
of New Jersey, entitled "An Act to provide for
Drainage and Sewerage in densely populated townships in which there is a public water supply,*'

%nUvt3t, ^ivi&tu&8, *r.
QFFIOE HOMESTAKE miNING CO.,

and

IB

Bboad Stbbxt, New

DIVIDBND no.
The

97.

regular Monthly Dividend— FORTY

CENTS

per share—has been declared for July, payable
at the Company's ofllce, San Francisco, or at the
Transfer Agency in New York, on the )»th inst.
Transfer books close on the 20th.
L0UN8BKRY A CO.. Transfer AgenU.

QFFIOE ONTARIO SIIiTER ntlNINO

^^ COMPANY, MitLB BoiLDiNO, 15
New York, August 20, 1888.
DIVIDBND No. 188.

BrotuI Street,

The Regular Monthly Dlvldend-FIFTY CENTS

per share— has been declared for July, payable
at the office of the Company, San Francisco, or
at the Transfer Agency In New Vork, on the 31st inst.
Transfer books close on the 25th.
LOUNSBKRY & CO., Transfer Agents.

J^

STOCK EXCBANGE FIRId DEslres to

engage the services of a

man of good

experience in this city in investment securities.
Address, with

name and

references, which will be

treated confldentiaiiy,
" C. A. P.,'

P.O. Box 486.

READJUSTMENT AGREEMENT.
FINAL, NOTICE.
The time

for signing this agreement will
expire September 1, 1886.
New Yokk, Aug. 11, 1S86.

CENTRAL TBUST COMPANY OF NEW
YORK.

will bear interest at four per cent per annum,
payablesemi-annually, on the first days of September and March in each year.
They will be issued in denominations of $500 each,
with interest coupons attached and arranged in
series, each series amounting to $10,000, and the
bonds in each series will mature in one year, two
years, three years, &c., to twenty years. No bids
will be considered for less than a complete series of
twenty bonds of $dOO each, maturing respectively in
one to twenty years. No bids can be considered for
less than par and accrued interest.
Provision for the registration of the principal of
these bonds will be made when desired. The Committee reserve the right to reject any and all bids not
deemed in the interest of the townsnip.
Bids will be received as above on or before Aug.
26th, 1&86, at 8 o'clock P.M. All bids to be sealed
and endorsed "Proposals for Sewer Loan Bonds,"
and addressed 6o the undersigned,

SAMUEL

C.

JONES,

Chairman Finance Committee,

OLCOTT,

F. P.

President.

To the Second Mortgage Bond|iolder8
of the Wabash System East
of the Mississippi.

The underaigfned, at the request of holdera of the
above-mentioned Second MortgaKo Bonds t1*.:
Toledo & Wabash, Wabaah & Western and Great
Wentern Hailr>,ad, have consented to act as a committee to protect tlicir interests. Agreements empowering the Committee to act are ready for slgaature at the Metropolitan Trust Company, 35 wall
Street, where copies can be obtained.
New Yokk. August 20, 18S9.
JOHN N. A. GR18WOI.D,)
THOMAS HILl.HOUSK, J Committee.

CHARLKS

B. F.

ROMAINE,

B. KI,l<.MIN<i,
Jr., Secretary, 20

Nassau Street.

Mexican National Railway.
Bondholders are Invited to deposit their bonds
th the CENTRAL TRUST COMPANY of New
York, under a plan f reorganization prepared by
the Bondholders' C immittee. Copies of this plan
and agreement may be obtained from the Central
Trust Company, or a the office of the Committee.
No. 32 Nassau Street New York.

w

8EL AH CHAMBERLAIN.
SPENCER TRASK,
HENRY AMY,
JOHN DKKUY I'ER.
CANDA,
GEORGE BURNHAM, CHARLES J.
SAMUEL B. PARSONS, WM. B. I). STOKES,
AUGUST RUTTBN,
Committee.

London &

Brazilian Bank,

Limited, London.
CAPITAL,

jEl.OOO.OOO, In 60,000

PAIDUP.....i500,000|

sh ^res of £20 eaflh.

RBSBRVK FUND, £250,000

Bankers
Bank of England— Messrs.

Glyn, Mills, Currie

Branches

,

New York

WaU

Agency, 71

Commercial and other credits Issued,

Street.
bills

'WESTERN

The First Mortgage Bcmdholders desiring to avail
themselves of the First Mortgage Bondholders'
agreement, who have not already signed and complied with the terms of the same, are hereby notified
that, if they desire to avail of the benefits of
such agreement, they must become parties to
the same by depositing their bonds with the Farmers'
Ix)an A Trust Company, signing the agreement and
otherwise complying with its terms, on or before the
9th day of October liext.
The sale under the foreclosure decree is ordered
for the 20th of October, 1886.

CHAHLKS MORAN.

Ctaalrman First Mortgage Bondholders* Committee

sent for

collection, etc., etc.

J.

LAWRENCE McKEEVER, Agent

Massasoit House,
SPRINGFIELD, MASS.
THE BEST APPOINTED HOUSE IN WESTKBN
NEW ENGLAND.
Convenient for the tourist or business man. Near

Union Depot.

w.H.CHAPIN.,

Fifth

Avenue

HOTEL,
Madison Square,

WEW YORK,

The Largest Best Appointed and Most Liberally
Managed Hotel In the City, with the Most Central
and Delightful Location.
.

HITCHCOCK. DARLING & CO.
JOHN Q. MOORB. W. K. KITCHKN._ (J. B. 80HLBT

Moore

&

Schlejr,

BANKERS AND BROKERS,!

36

BROAD STREET, NEW YORK.

Connected with
BRANCH Ofpicks;
72 Wall St., N. Y. I, A.BVANSil!,!., Boston.
lU So. 3d St., Phila. K.L.BREW8TKR40O., Chicago.
1419 F St., Wash'n. Hubbard & Farmer, Hartrd.

Private Wire Connections.
Bonds and Miscellaneous 8eExchanges, also Grain and
Provisions on Chicago Board of Trade

Buy and
ourittes

sell Stocks,

on

New York

Spencer Trask & Co.,
BANKERS d BROKER&:,

Bast Orange, N. J.

PKORIA Oc
TOIi£I>0
RAILROAD COMPANY.

& Co.

:

Braiil— Para, Pernambuoo, Bahia, Rio
De Janeiro. Santos, Sao Paulo, Rio Grande Do Sul,
Pelotas Porto Alegre. Portugal— Lisbon, Oporto.
River Plate— Montevideo.

New York.

WE

approved March 4, 1884.
The township has property of an assessed valuation of $0,647,800, with a bonded Indebtedness of
about $3H,U0O.
These bonds will be dated September Ist, 1888,

Miixs BcniJiiNO,
YOBK, Aug. 18, 1886.

Houston & Texas Central

1

NEW YORK, Aug. 14, 1886.

New Yokk, Aug.

XLni.

[Vol.

i6

and i8 Broad
Albany, N. Y.

Street,

N. Y,

Providence, R.

II

Saratoga.

Transact a General Banking Business,
Direct Private Wires to each ofiace and to

PHIIoADELPHIA,
BOSTON,

WORCESTER

.

ttmtk
HUNT'S MEBCHANTS' MAGAZINE.
BEPRESENTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.

SATURDAY, AUGUST

VOL. 43

NO.

21, 1886.

1,104.

CONTENTS,

The market value of the share sales at the New York Stock
Exchange for the week reached $73,804,000, against $83,435,000
THB OHBOnOLB.
for the week of 1885, the clearings arising through other busi..201 RaOroad Eamia(s
207
neas recording an increase of 40 '4 per cent.
tharhuaeUiaUastfam
103 MooetsiT Mill Oommerclal
Naw York Ormin Beodpte aad
KaiOUk tiewa
208
TnutLiiw Kamlngs
906 Obanareiml and HImcUmmoiu
WtOt Ending Aug.
ITMk »aam» Ads. 14.
Kaws
BtmcUUtem maA UraM Brttalo 307
209

THS BAITKEBS* OAIRTB.
>>iemhinaof8toekaandBoiid» 213
Hoaaf Market. Tortign BxI

ehaa«e,C;.8.8eoiu1Uea.8Uta
aad Railroad Bond* and

BUM**
8aa«" l> Prlew altha
naak Bzehance

I

211

I

T.

IT.

213

laTeaUBoal and BaiUoad
taUlcaa«e

SIS

THX COHMKRCIAI. mOB.
310 Braadataflk
3191 l>nrOood«

235
226

I

OottoB

nA8.»IS)

(0>ltM....»alM.)

(978,600:

(gf<ila...l«i>ih>

inu

|80M«.000I
(47,817^0)

«....

l«»,7aM67

(JNInliaai
Sflatwi

4JMe,400

BanforS
(CawBavea
rmllaat
WoraaMar

T^xt d^kromcle.
TBI ComosoiAi. Aim
(

latared at

of SmlMerlf U«b— PB7aMe

U

tlO 20

do^
i8aliaarlptlea(laaiadlw(Malaco)
" -^
1 la
Aasaal sabeetlpIlM
1 iMdaicfialiHii* »ntaga>
la

BUMoa.

da

«•
4*

Uf

6 10

1138

M7*.

<•

BI8a.

TBuiTf—g. aw adoaee latwo

Ttaeae prteaa taateaatta
lu—
wtttaoot extra

ootba. and fonlakad

OHaomouL

l

akaiM

to •abserfbeis of the

win be eentlaoed nntu
lwptleaa
taiB a atopped. The
tf
eaaaot ba raaooaaibU
iwntttoaoas aalaaa made br Oralu
MM

fca

H atrn tl t

pwMlelM

er

Phiuoalphla
Ptttibanu
•altlmora
Total MMdia....

fklaa^n

,

,,

,

OM « 8a

offloe of

the

OOHaaactAL

ta

cl«»*.

(+14-8)
(-00-1)
(-14-6)
(-«8-4)

(fO^)

(88,lt40,000)

•84.006.808
4.078,800

+6-8

l,600M8
1,117.408

878.881^31

+8«
-1-8
-••6
+81-8
I 88

(888.800)

(78,186,086

3378.800
1.788,418

870.870
888.168

801318

+*•
+S8-6

•

888.004
488.876

OAMX.
joaa a. rvoro.
a.

4c

Oilaabaa

B. DANA * €•„ Pnbllabera, St La«la
81 Wllliaaa BtrMC, IfBW VOUK.
8C Joaeph
Poar Orrica Box 9M.
MevOrieau
UmlnlUe

the falling oiT ia of no material
Minneapolis, Omaha, Columbus, Cincinnati, San
FrmnciMX), Philadelphia and PortUnd are notable as exhibiting heavy gains orer last year. Carrying the oomparison back
potaita

iroportanoe.

1W4 we and that the p rsaau t

that y«ar oT about

W par oaat.

flgoras record

—3-5
+87-1

7363,080
11304.788

168.666.108

-t'a6-3

•76,848,880

+87-0

•48,008388
7,088360
8,806378

+lrt-8

+n

(60.630.668
10,468,600
4,086,068

+68*

+40-1

-f8-8

+88-8
+84-9
+86-4

+80

3,779388

1378.718

-88-1

1308311

-f8-7

8,481.486

fSS-S

1388,887

-Htl-S

784J67

8,063.787
1,068.786
861.476

+141
+40*
+1»7

8,408,081

+48-4

876,106
4.140.860

fSl-8

8,887487
8,7801861

l,813a6S

+«0«

8,008.0(8
8.668,466

178361,888

166.387.100

+81-4

•83387,083

llil.478,104

•18.680.666
688.076
8.414,464
3.888.008
4.848.046
648,080

+80-8
+8-1

•17346,088

+18*

787,687

+ir8

4308.818
6.11^087

+14-8
+84-8

+18-8
+81-8

6,488.487

8,661.084

787,848
4.006.707

+ro

466*
+68*
+48*

+18*

....

8.848,864
6,167,484
788.444
1.048,871

Total Boattaan..

181.088^1

•88,887388

+ir9

•84,887367

118,868.8*0

•101168,408

+81-4

•10.88038S

+«-8

1887,158,688

(781,441.748

+81-3

1866370,188

+41-0

CLEARING HOUSE RETURNS.

and at thcae

+t*-e

+44-8
+S6-0

101.148^8

8,848.748
1.486,160

In

Fnrth«r improTement in exchangea at New York brings
Um toUl for that city for the woelt ended Anguat 14 up to
t6ia.S10,Ml, an inorceae orer the iM«oedlng weelc of $53,500,968. Thia cooaUarabla gain aeems to be doe almoat entirely
to opetBttona other than apecolatiTe, for, aa our statement
Indica tee, the tranractions on the Stock Exchange differ bat
Tery little from thoae for the week ended Anguat 7; in fact
their market Talne ia leaa. In the aggregate for the whole
country the exceaa orer the preriona week reachea $30,882,899,
wholly lucribable to the large addition at New York, for of
the thirtjKMie olewiog honaea outaide of that city only eight
exhibit any gate owBr Aogoit 7, while the other* reoord loaaea,
which though genarally imaU aggregate $33,$17,800, Boaton
and Chicago together f orniahing OTer half the decline.
Special intereat, howerer, oentraa in the oompariaon with
the oorrcqtonding period of a year ago, and in the present
hhrtanee, aa about ail through the current year, that compari•on la Tery satisfactory. Oar compilation shows that the gain
orar 1869 now is 31-8 per cent, in which all but four cities par-

(88.808.788
(67.188.078

8.854,176

riLLIAn
fB

46-7

174.008,888

1387.886

(aaralaad

+48-i
+18-4
+48-8
+11"0
+8-S
+18-8
48-0
f44-9

+81-0
8.888.888
8.06B.140

Dccrolt

M

SA M

I

'f4a-4

(47.S16.000)

•66^778.806
6,7*8,886
11.648,848

miwaokae

Paorta

ajid Kihajicial

Percent

(1308,784)

(80,184300)

O,880,87d>
llM.TOO)

•77.16e3»

8^888,408

rfniSnaatl

Londoa Omaha....
CKBoneLS
la wtthMMOTa-BoWAWW* SMITH, 1 Dnpara' OanlaM.B.O.. where nibagtoltoaa aad ad witl i
tili will ba taken at the lexnlar rate*, and DwiTef
4|Mlaa of tka i^ar aappUed at la. ew)h.
Total WaMara...
Tl a8 8iia<thaC8no»loiJtnUTerpoolUatB15,Exehann« BiiI1<Uiikii.

to

1886.

1668,810.888

(86371.0001

704.at8
604.868

StBkSM

tor

PMt Ofltoe MoMT OtdenT
rrar b fnilibarl
eeata; jaaatoMaalhe lametelS
oiamea beaad Ibr aobeoflban at ft 00.

tiolpate.

+SS-0
(-15-9)
l+88-4<
(-16-a)

648.348
son.oss
841.164
408.808

818^88*

Total N. Boslantf

AdrtBce

ywaUMonlba

WlUXUi

Pn-Omt.

|

For Oaa Year (laelodiMpoat^a)

The

1,488,088
1,011,808

Fdiasciai. OHaomcLB it piMitMtd <n
sitaaaali
lf«m York *9»rif Batmrimg maminf.
U)»aU
the Poet OOee. If ew fork. II.T., ae aaooad olaM mall matter.

Tenu

ar

1888.

8487.861.768

flmut—

(mtkt....nmrmj

Ib-

813!

Ooaaaretal Epitome

1888.

ISlMtOJAI

314 NawTork

Local SeearlUoi
Raltraad BaralBKS

aalTartanrr..

Saorraaalaoo
Total aU

888,776
779,818

+8-4
+86-4

+18-1

+88-4
Naw Tork 8y74.MI.8ni '»i»3.488.876 +17-8
(S87.S68.88a
Not Inclodea la totaii.
The returns of exchange for the five days, as received by

Oatalda

telegraph this evening, are of a satisfactory character. Ail
the cities exhibit gains over a year ago, and New York, Boston
and Chicago record flgures in excess of the previous five daya.
In the aggregate, the increase over 1885 reaches 13'1 per cent,
and outside of New York it is 15'5 per cent.

PlM 0a«* BmMtt Aufut 80.
1888.

Naw Tork
aalmafmotk

(rt«.)

Boston.

PhllMMphla.
Baltlmora.
at. i,nals...„

N<w Orlaens

(468.818.787

(1.180381)
66.881.144
4S.680.7B3

(1.866.688)

51.837.030
88.086.938

19,

(610,161.637

PtrOn*
+80*

(-86-8)

(1.132,516)

(-87-4)

+11-1
+16-7
+4-1
+11-4
+1-0

69,840,408
46,891.883

+3-4
+88-8
+87-7
+16-6
+80-1
+18-8

PtrOmt.
+18-1

1888.

8346388

8,876361

48387.000

87,060,000

18314388
8308311

18388.887
8,160,887

+8-8

8.478.761

(880.407.018
66.880,817

(807,180,791
44.488,075

+ U1
447*

(683318.376

(737.067.885

(66l,64'<.Me

8.644.686

48360.000
18,831.078

60,616.107

+19-1
+81-4

+13-1

(748.Wr.483

+19*

Tort •ia»HH».ii7 • IMI.S35.1VV +16'l»
a«umal«<> oa tlia ba«t> a( the U«t waaklr ratora.

(28S376346

+17-1

Tuul...._
Balantw. Ooaatrr*
Total

all

an excess over OoUlda N«w
'

1888.

fSlll.IRg.818

tiy^Mnd't Aug.

THE CHRONIC LR

202

securities

THE FINANCIAL SITUATION.

At

[Vol.

and the higher rates for money

XLIU.

at this centre.

the same time francs have declined by reason of the

and legitimately tending upward offerings of commercial bills drawn against purchases of
a measure by the same causes breadstuffs which have been large. Francs and sterling are
which have heretofore been acting, but in large part by now 80 low as to enable imports of gold to be profitably
The range for the week made, and consequently there are in transit for this port
the exciting events in Boston.
for loans at the Stock Exchange has been from 1 to 20 $2,250,000 in francs from Paris and $1,875,000 from Lon-

Money has been

active

this week, influenced

in

The don (the most of it taken from the open market) making
per cent, with an average of about 7| per cent.
by
an $4,125,000 and probably other amounts wbich are reported
aided
manipulation,
higher rate was mainly due to
offerings
lower
rate
to
and
the
money,
of
but which reports we have not been able to confirm.
actual scarcity
Those Shippers of gold have experienced difSculty in getting the
after the demand for the day had been supplied.
Notwithstanding we have this season so recently
the banks which have loaned on call have ia metaL
of
general maintained 5

some however

at

per cent on old loans, renewing

6 per

leaving a very few

cent, while

sent to France
these can

American bars and

now be

full

weight

coin, neither

of

secured in Paris and bankers have to be

The few large institutions that content with such foreign coin as can be procured in the
money freely have sought to make open market. It is also reported that the Bank of EngSome have land has resisted the movement from London by advancbasis of current rates.

standing at 4 per cent.

are in position to put out

time loans on the
at comparatively high figures long paper of ing the price of gold bars instead of putting up the rate of
unexceptional character, obtaining even 10 and 11 per discount, and therefore the profits on gold shipments hither
cent upon notes on the purchase of which not more than 5 have been lessened. The rate of discount in the open

bought

or 6 per cent

is

usually secured.

The movement

of

rency continues to the

West and

South, and were

that the East

debtor to

New

is

largely

curit

not

York, doubtless

there would have been a heavy drain to Boston this week,

market

London

in

for 60

day to 3 months' bank

waa

bills

2^ per cent, yesterday; the street rate at Paris was 2f per
cent and at Berlin and Frankfort the rate was 2 per cent.

A private

that the gain this week by
England (which is reported at £349,000) waa
the result of a receipt from abroad, principally from South
10 per cent to brokers.
The event which has so disturbed confidence and America, of £131,000 and from the interior of Great
absorbed most attention this week has been the defalcation Britain of £268,000 (making the total receipts £399,000),
and suicide of William Gray, Jr., of Boston, and the decreased by an export to Lisbon of £50,000. As bearing
embarrassments and failures which followed. Being the on our past trade condition we give the following summary
Treasurer of the Atlantic, Indian Orchard and Ocean Mills of the exports of breadstufli?, &c., for July for three years, th©
and having embezzled their funds to a very large amount figures for this year being issued by Mr. Switzler this week.

ruling there at 7^ per cent between banks and 9 to

money

report

(the

being as

we

write

that

the

total

loss

of

the

of Boston,

cable to us states

of

EXPORTS OF BKGA.DSTCPPH, PROVISIO.VS, COTTON AND PETROLEUM.

about $1,000,000) besides involving Mr.
Samuel R. Payson, President of the City National Bank,

these companies

Bank

is

who was

his endorser, a feeling of

no

Exports from United Statei.
July.

little inse-

was more Wheat
and a good Flour
many stocks, favorites of Boston, were thrown on the Wheat
Corn
market. The news on Wednesday of the tragic death of
Total buahels
Yaluft—
Gray, and the criminal charge the same day againsD
curity for the time being prevailed, mill paper
closely scrutinized,

money became very

made

the readier to believe the wider results which

the public

rumor

said

were likely to follow, including the failure of banks, the
embarrassment of mills, and in fact a setback to the cotton
goods trade in general. Tne latter might have been very
seriously interfered with had the mills been carrying large
stocks of goods, as they were last summer, or had the spinning industry in other respects resembled its condition of a
year ago. But now it is on a very different plane; stocks are
small,

demand

munerative
is

is

absorbing production, and prices are

—altogether putting the trade where

extent.

manufacturers in

this

re-

event

8,602,784

8TO.973

59«,620

bush.
bush.

10,bS5,113

6,287,574
4,018,742

9,691,4';a:

8.288,063

14jK8.ie«

10,306,316

12,523,561

.

(
1,585.128

6,009
35,474
9,818

Total Breadstufib
Provisions

Cotton
Petroleum
Total value, July
Total value, June
Total value. May
Total value, three months..

6,915,738
616,881

2,832,089

(

8,954.280

Kye

6,2a!,783
2,820.385
30.9.8
120.315

*
9,B55,02a
1,820,607

7.3-'l

262,322
303,588
30,304

11,670,649

8,721,811

12,371,764

7,707.038
8,8«9,319
4.702.823

8.485,482
4.6.^8.9Ua

9,941,393
6.138,878
4,617,249

30,b89,829
37,821,770
37,705,648

25,438,247
27,774,547
28,832,881

33.067,278
81,277,208
87.580,440

106,097,247

82,043,673

91,924,928

3,5Ml,t)9l

To the above we have added the total values of same
each of the previous two months. It will be

articles for

noticed

value

to any appreciable
on the increase and
general are making money, every tendency

«,5 18,735

Oats and meal
Barley

movement

"When commercial

July.

bbls.

Wheat and flour
Corn and meiU

activity is

incapable of checking the

bush

active,

the Treasurer of the Lowell Bleachery,

July,

Qwintitiet-~

that

from

notwithstanding the lower prices, the total

May

to

July, both inclusive, is 24 millions

larger than last year.

So far as disclosed, the
The future of money at this centre is becoming a little
was a less excusable crime than less involved now than it was. That is to say, th©
Gray committed. With an income very large, with further increasing and extreme stringency which waa thought to
wealth in expectation, with high business standing and be probable as the season advanced, does not at present
This change in the outlook is the
social position, besides as good an education as the land look so likely to occur.
aSords, he seems to have been hedged in by every induce- result of the considerable imports of gold now on the
ment to honesty, while absolutely lacking any of the or. way and in prospect, and the disbursement of the Treasury
is to

recover quickly from distrust.

facts indicate that there never

dinary temptations.

surplus.

Mr. Fairchild, the Assistant Secretary, issued

Our foreign exchange market has fallen one cent another bond call on Thursday, this time for 15 million
per pound sterling since our last (though yesterday at dollars, and payable on the first of October. It has
the opening there was a recovery of a half cent, but heretofore been argued that the disbursements on account
almost as soon as posted the rate was dropped again to of these calls for bonds would be of very little benefit to
the figure of the day before) under the iLflience of a the market, as it would force such a large contraction of
light

demand, a pressure of bankers'

bills

diaw'n against

the

bank note

circulation.

We

explain below

how

thi*

,

ACO0ST

THE CHKONICLR

31. 188A.I

203

which there were outstanding October 31, 1885, a
Wter uiiy be
one,
two
and
over 84 million dollars) and to issue in their stead
of
five
little
issue
dollar
the
aathorizing
bank
notes have not ten-dollar legal tenders or more than that, suppose the
Besides,
ilver certiGcatea.
contracted during the past year by any means as Comptroller of the Currency should retire the five-dollar
npidly as the bonds placed for circulation have been bank notes (there were at the same date about, 82 million
redeemed. New banks of small capital are forming all of fives) which under the law he would certainly have
orer the West and South, and they invariably take out authority to replace with ten-dollar bank notes. Here are
circulation to the amount authorized on the bonds they over 163 millions of currency fives which are now afloat
also many old banks when their and in daily use, needed therefore for the purposes of
ftre required to hold
3 per cents are called, deposit other Government issues commerce, which, if withdrawn and turned into tendollar notes, the entire field would be left for the small
to some extent.
A more important piece of legislation perfected by silver certificates. It must not be supposed that this is going
CoDgrcsa than is generally supposed, was the provision to be done by the Government iu any part, for we have
Attached to the Sunday Civil Appropriation bill which not the least knowledge as to its purposes.
We only
Mithoriz«d and requires the issue of one, two aod five know that the Treasurer not long since took in the ones
On the face of it, there is and twos to make a place for the silver dollars also that
dollar silver certificates.
nothing at all new in this enactment, except that hereto- he is making preparations to issue these newly authorized
and futhermore, that he has the power
fore no certificate of a less denomination than ten dollars silver certificates
was permitted, while now the smaller notes when asked of doing when he chooses precisely what we have

more tban neutralized under (be law

(of

;

;

;

;

for can be obtained on a deposit of silver dollars or on a

soggested.

We would call the attention of our silver advocates to
an editorial from the London Times which we republish
Aadlte Seentaryof tk* DraaMiy la tMreby aalborUed and reaulrad in a subsequent column. Of course it would not be wise
to itmu rllTcr eartlllestin la (UaomliMtluB* of ooa. two kod are dollan
to assume that the Times speaks tbe policy or purpose of
USuM — karaia •ntkorisad afeaU b« nmlraiMe, radwm'
aa« tkaitlvar
«Ma SBd p«jra>le la tike Boaaar sad for Ittof rpooao •* la prortded for the new administration in Great Britain. And yet it is
illTer eoTtlOeata* bf tke aot of Fabniarj 9i. 1S7«. eaUtled -An act to
well known that Lord Randolph Churchill when Secretary
d^weit of larger

wh<^

The

silver certificates.

of the provision as

it

following

is

the

passed.

—

anUiartao iko oola^o of tko otaadart iUvar dotlmr, and to tutors lu

M Hf ."
dlvor owmra — of

l«t»l-toadif ii k o

i

dnllara mmj b» l<aaed In lieu
Ivgor
oiiiliionnoa in tko Treaaurj'. or In
pnssatalloa by tko kolden; and lu that ezt«nt

Aad dosoaiteailoeoof ••, two aad >to

t
«(
<—
Hiitiota thftntar. opaa
•Id oermioatoa of iargar doiomlaaHnBi okall

b«

eaocelcd

and

doatiojirt-

It Will

be noticed that the above girea to these small

notes just the

same

limitations

and character

The

attached to the original silver certificates.

the law of 1878 covering that point

is

as

were

section of

as follows.

bold** of tk« «•! aatkarlwd hj thU aet mar dapoiit tko aoBO vlib tbe Triaanar or any aaalatant Treaaurer of
tko Uattad Btataa la aana not laoa tkaa tea dollar*, and receive
tfearafar orrtlSaatea of Dot leaa tkaa tea doUara aaeli, rorretpendlDf
wltb tko daaaalaatioaa of tko UaUad Slataa aoloa. Tbe coin depoaltcd
lor or liiiiiaaailat tko iMtHialai akall tw totatard In tbe Treaaunr for
tko poyioaat of tko aaoia aa daw aad Sold eattMeotca aball be recelvabla for anafnma, taxaa, aad all pakUa data, aad whaa ao laeeiTed may

koreiMatd.
It IS here seen that tbe last clause restricts the legal tender

Tbe

silver

tender at their " nominal vnloe for

"public

and

private,"

bnt

the

"receivable for coatomt, tAxes and

all

by international agreement

dollars are a legal

are

public dues."

out by

by us

it,

this

"relief" to

"coinage

may

w6ich was called
4 and published

article
it

August 7. The substance
was believed in London

of the
" that

England's industries "from the adoption of free
the United States would

in

"from tardy

action" as

to silver

come sooner than

"

by a silver inquiry
it were not for the

" commission." That is to say if
comfort drawn from the efforts of our Becks, our Blands

and our Morrisons, the business distress
would drive her to take measures

As

silver.

faith

it

she

is

will

Great Britain

to

rehabilitate

having

wait,

the United States

that

in

that

under

such

circumstances

the

end

the

in

will

We

her from the disaster which threatens.

surprised

any

are
lion-

h^metallist can vote for either of those men, or for

difference attaches to the small denominations

Qlt.

ised the

any one who favored the surplus
Let us add, however, that Great

it

the

New York August

cabled to

in

save

if

how

be revived, and the compara-

of this editorial, lies in the statement

only

silver dollars now lying idle in the Treasury and all
tnay be compelled to coin in the future available; so that

some settlement

the question

of

" tive stability of the relative value of gold and silver

This

now authorsame as it attached to the original notes.
Keeping this in mind, the significance of this legislation
becomes apparent. We had understood from common
rumor that the Treasurer suggested the provision in
question, bnt until examining it more closely we did not
notice how it could be of use to the Government to any
considerable extent.
Tbe truth is that it confers upon
the Dep^ment the power of making every one of its

*'

"be insured." But tbe special present interest to our people

debu and dues utmost

certificates

may

" free coinage of silver

statement was, that

Bw. S.— Tkat any

elutncter of tbess issaas.

of State for India very earnestly favored

resolution, for

any

office.

hope is a vain
one.
So long as the present Administration lasts there is
Besides neither
not a chance of silver payments here.
New York nor any other Eastern State will ever help
elect a President whose record is in doubt on that quegticn.
Or even if we should adaiit that there is a chance
of our becoming a silver nation, that event would only be
the signal for a burst of public opinion that would speedily
lift

the

country out of

its

Britain's

dilemma.

The

last

state of

would be worse than the first. At present the large
body of our people do not appreciate that there is any dan.
more ger of such a catastrophe, so they are not moved to action.
far
filled.
Bat what is of
b« nndily
any
The condition of general business, except so far as
importnoc^,
it
puts
out of the reach of
embarrassment affected by the occurrences commented on above, concombination
the
of circumstances,
A moment's tinues to improve. The dry goods trade seems to be in a
of the Treasury again for years to come.
reflection wUl make this plain to every reader. Of course, ery satisfactory state, and the iron trade also presents
the Secretary chooses to exercise the authority granted,
the vacancy left by the retiring bank notes can

ss to tbe one-dollar certificates, their issue

now

in circulation,

and so

tlM two-dollar certificates.

tboaU

see

fit

in

go'>d

not likely to

is

exceed very materially tbe withdrawals of

silver

part will

it

dollars

be with

Hut suppose the Department

to retire tbe five-dollar legal

tender notes

silver

many encouraging

features.

The demand

for steel rails of

exceedingly active. As regards anthracite coal,
the late advance in prices appears to be well maintained,
though buyers apparently are not anticipating future
course

is

wants very

liberally.

The

statistical position of this

trade

THE CHRONICLE.

204

[Vol. XT.Tn.

has uDdergone a decided change for the batter of late. close of the period. Now that the actual figures are
Mr. John H. Jones, the accountant of the companies, has known, it turns out that the gross earnings had been
this week issued his monthly figures for July, from which somewhat under-estimated and the expenses still more

we

see that stocks at tidewater points increased only 4,744

Bat the most important

tons during the month.

fact dis-

largely

so,

with the result of reducing the net $188,720,
which, after deducting $1,926,000 for

or to $2,729,280,

by the statement is that the companies have changed charges and $894,283 for dividends, left a deficit of
manner of their observance of the combination plan $91,003 below the one per cent dividend paid, whereas the
for -the restriction of production, so that from exceedina; first statement had shown a surplus of $97,717. Much has
the agreed output, as in previous months, they have this been made of this error, it being claimed that the road
time failed to mine it in full to which fact we may was not earning its dividends, &c. Nevertheless, the
ascribe the more satisfactory state of affairs as regards statement is a very encouraging one, the net for the
accumulations of stock. The output for July had been quarter being $1,004,509 greater than in the same quarter
fixed at 2,500,000 tons the actual production we now of 1885; and for the nine months of the fiscal year, instead
The production was of the three per cent dividends paid in that time not havfind to have been 2,433,348 tons.
month of 1885, ing been earned, we find that there was a surplus of
in
the
same
also 367,658 tons less than
tons in excess $54,663 to spare.
months
it
is
1,454,396
for
the
seven
though
We have also obtained this week the figures of gross and
The following table is arranged so as to
of last year.
net earnings of the East Tennessee Virginia & Georgia
show consumption as well as stocks and production.
Railroad for the late fiscal year (ended June 30), which as
July.
Jon. 1 to July 31.
the securities of the new company were issued yesterday
Anthracite Coal.
1885.
1886.
1886.
will prove of special interest. The figures cover opera^
1886.
Tbna.
Tom.
Tom.
tions under the receiver and show a gain in gross over the
874,681
582.163
754,545
700.738
Stock beginning of period*.
previous year of $98,011 and in net a gain of $207,926,
2,433,348 2,801.006 16,956,724 16,502.328
Production
the total of the latter being $1,496,269.
The net are not
3,134.084 3,383.160 17.711.28t) 16,377.009
Total supply
734,700
705,480
705,480
734,700
Stock end of period.....
however the largest ever made, those in 1883-4 having
closed

in the

;

;

Copaumptlon

According
2,428,604

17,005,78» 15.«42|309

been over $200,000 greater, as the following table of gross
to this,

consumption in July, 1886, was only

tons, against

and net

results for the last five years will

show.

2,648,469 tons in July, 1885, a

But

falling off of 219,865 tons.

this falling off

may be

without any special significance, especially as for the seven

month the consumption is 1,363,480
The falling off may mean
year.

tons larger than last
either

that

present

B(Mt Tenn. To.

4

Oa.

1881-2.

Gross earnlDKS
OperatlnK earpenses....
NetearniDgs

With

I882-S.

»3,145.482
2,051,127

13,776,754
2,383,702

»1,094,355

* 1,393,052

the aid of these figures

wants had been previously anticipated or that dealers de-

Tennessee in the Chronicle of

ferred laying in some of their customary supplies, which

idea of the position

of the

188S-4.

14,178.283

18846.

[

lasse.

2,473.387

»4.02 1,567
2.7SS.224

$4,119,578
2.623.30»

»1.699,92«

11,288,343

$1,496,209

and an

article

on the East

May 29, we can form some
new company as respects

Assuming that the car trusts have
latter would be in accord with our remark above that charges and income.
though the advance in prices is being maintained buyers been or will be redeemed from the proceeds of assessare not anticipating future requirements to any great ex- ments, as provided in the plan of reorganization, there
tent.
But whatever the cause, with the output for remain the charges on the old prior lien bonds amounting
August placed at the low figure of 2 J million tons (which to $437,710, and the interest on the $11,140,540 of new
as we showed a month ago, is 523,910 tons below the actual fives outstanding, amounting to $557,027; also 6 per cent
production in that month in 1885), and the allotment for interest on the $2,000,000 Knoxville & Ohio bonds, the
September, as agreed upon yesterday, placed at 2,750,000 earnings of the Knoxville & Ohio being included in those
tons (in September, 1885, 3,259,183 tons were mined), of the East Tennessee, giving a total fixed charge of
there

is

good reason for expecting that the trade

will

$1,114,737, against the $1,496,269 of net earnings above.

improve.

But besides the

The course of railroad earnings continues strongly
upward. "We bring together on another page all the
returns yet obtainable for the second week of August,
from which it will be seen that thirty-two out of the

for the taxes.

interest, some allowance should be made
These in 1884-5 had been unusually large

at $147,754; in 1883-4 the
in 1882-3 $74,767.

It

amount was only $49,617 and

should be said with reference

to

the

coupon on the ne w
thirty-five roads reporting have improved on their earn- fives does not mature till the 1st of May, 1887, so that in
ings of last year, some of them and notably the Chicago the current fiscal year the new company will have to meet
& Northwestern very materially too. Such figures as only six months interest on those bonds, or $278,513,
these are conclusive as to the tendency of railway business instead of the full amount of $557,027 taken above.
at the present time, the more so that they cover various
Considering the influences that it has had to contend
Returns for other recent periods against, our stock market has stood up well this week.
sections of the country.
are of the same tenor. There is, for instance, the July The stringency in money, the defalcation in Boston with
In referring to the the loss of confidence it caused, the throwing over of
exhibit of the New York Central
June figures it had been thought remarkable that the stocks for Boston account, and also the selling precipitated
Pennsylvania and the Erie combined should show a gain by the calling of loans, all operated against the market
Now we and were used by those desirous of seeing lower prices for
of a million dollars in gross in one month.
have the Central alone showing for July an increase of all they were worth. At the same time the most was
Of course, this includes the West Shore made of reports of rate cutting and the rumor that
$1,012,072.
arise
in
this year and not last year
but if we allow $300,000 or some
difficulty
was
to
the
serious
$400,000 for the amount contributed by that road, we trunk line pool out of the Baltimore & Ohio- Pennsylvania
still have $600,000 or $700,000 of increase on the Central complication.
For the time being, sight was lost of the
interest charge, however, that the first

—

—

;

Along with this statement for the month of
July there came a revised statement for the quarter ended

proper.

June

fact that general

railroad

business

was good and the reports of
The market consequently
Towards the close of the week,

earnings excellent.

30.
The previous return for that quarter had been was unsettled and lower.
a miBre preliminary estimate, and was prepared before the however, the controlling factors in the situation again

AoorsT

THE CHRONICLE.

91, 1888.J

dominated, and on Thursday and Friday, it appearing
that everything was progressing harmoniously at the

meeting of trunk

line

205

NEW YORK

representatives, a decided recovery

ORAIN RECEIPTS AND TRUNK
LINE EARNINGS.

In view of the allegations of rate cutting and the
that this or that road was securing an undue

The recovery was aided by the
charges
gold was on the way here from Europe)

in values took place.
intelligence that

proportion of the

that the SecreUry had issued

another

call for

bonds, that

the Union

Pacific had restored trans-Continental rates,
and that the Pacific Mail Compaoy had made arrangements with the Poet Office authorities to again carry the
mails.

traffic,

which charges such promiit is somewhat curious

to

nence has been given this week,

movement
made up, show

to observe that the figures of the grain

York

month

for the

of July, just

equitable distribution of at least the grain

a long time

past.

We

mean by

at

New

a

more

than for

traffic

this that the older lines

statement, made up from returns colhave resumed their relative positions to one aqpther which
by OS, shows the week's receipts and shipments of
they formerly occupied, and to which by reason of their
g;oId and currency by the New York banks.
respective advantages one would think they were justly
entitled,
and that none of the newer lines has overaulnltrm
Wtk t»4un Alt. so. lasti
m.T.
a. T.
MnmrnmU.
shadowed them in importance, as was the case in one or
lt,MO.aos Um.. VrvajMD
»ii «u«y..
two other months.
«o,aM
«oM
10,000

The following

lected

Total

mid aiid l«Bd Uadaa..

The above shows the

I81S,00«

actual changes in the bank hold-

In

brief,

the

New York

having
and canal;
and the Penn-

Central heads the

20-11 per cent of the entire

the Erie comes next, with

by

receipts

-89 per cent,

1 1

list,

rail

movement to and
sylvania is third, with 8-10 per cent, while the Lackawanna
from the interior. In addition to that movement the banks
and the Weet Shore follow only a great way behind.
have lost $2,000,000 ttuough the operations of the Sab
With the exception of the Pennsylvania, which has a
Treasury.
Adding that item to the above, we have the

ings of gold and currency caused by this

following, which should indicate the total loss to the

New

slightly

improved proportion, these roads

all

have smaller

month of 1835, but that
York Clearing- House banks of gold and currency for the
is natural considering that owing to the higher rail rates
week covered by the bank statement to be issued to-day.
a larger proportion of the total movement went by canal
It is always to
be remembered, however, that the
this year.
Even the Lehigh Valley no longer seems to
bank sutement is a itetement of mverayei for the
percentages than in the same

change in
Friday of

the actual
as

between

below

fignns

the

wliereas

weelc,

the
last

should

< various railroads

be the disturbing factor

it

(under which that line

comprised) shows only 2-51 per

was, for

reflect

of the banks
cent of the whole
and Friday of this

condition

is

this time, while in the previous month the
percentage of " various roads was 5-45 per cent In the

week

'

week.

following table the proportion

W-k

mtfttM ^N*.

M. issa

MM Okutfim

0«(«f J

MakOT*

U.Ma.oeo 'iMt

«SB.ooe

IJHajaoo
•

The Bank
the week.

of

EnglAnd gained £349,000

Uim.

during

Juh-

188B.

M.T. Cant. ..bub. 13473IS
par cent.
Bria.

boata.

Paroaal.

This represents, as stated above, £81,000 net

principal

amount of buUion
European banks this week and at the

ponding date

indicates the

in the

corres.

last year.

Amg. 19. ISM.

Auf. 30, 1885.

DaL

L.

Pareaot.

k W-bosh.

sn,«»4

Paraant.

Waat Sliora..bash.
Par oant.
Varloo* E8a.biiab.
Paroaot.

M

S

t\,mjnA

t5,49«.333
ft4.ae8.o«o 4a.aoa.98i 48,65 1.835 4S.0t9.137
90.0e4,100 is.»o»,
18.418,100 16.309.900

MW

•(4

M.SO«,eM
INal pi»vhiM wooS

The Assay

.

61.lOA.88l 8S.S67.2S8 60.310.037
«e.3S8,3S3 Sl.S»a.«38 M4>9S.742 60.108.&76

Office paid $.309,248

through the Sub-Treas.

»«8
400.018
S-10

(.OOT.t-OS

KS-SS
i.«ra.«is
10-lS

1,008.001

1701
i,aea,soe
17-10

090 jei

T«4
980,780

JtlLT.

9M
S00.008

BiTar a ooaitw.ba.
Paraant.
Oual
baab
Paroaot.

1,184,806
11-78

8,010,378
14-00

S,801JU7

1,5M,44A

1,737,409
80-74

4,004386

09,141

40J80

009

0-lS

841.048

908

474.740
B-40
o-ss

BM,018

97,088
0-88

0-S7

0,001,708 11,011,431

8.801,4S)<
40-Otl

0S'7O

I

171.049
S-OO

4.4«B,aO»

0.180,700
97-48

4,081^88 B,oao,oii «n4,oio

8,778,017

O.ASO.Ofti

197,800
1-83

173,738

188,014
1-90

1-88
I

9,\mam

80-00

1501
«t-98
on,4ei 1,709,771 1,410,088
90-34
188>
9«8

I0O.4SO
1-00
4S-17

1881.

1889.

»S0

4S,MS

•«1

U84.

TaWIRR..baal;. 4,MI.7«0 5.110,808 5,1I0,»48
Paroaat.
av74
go-49
SODS

-TMaltll...buh.

•(Bnslaaa.
OfFtaBM...

SO-li

i.on.y»
n-sa
Ttt.081
8-10

PaniMTlT'a. .b«uh.

from abroad and £268,000 from the interior.
The Bank of France shows an increase of 5,950,000 francs
gold and of 3,650,000 francs silver, and the Bank of
Germany, since the last report, has lost 1,660,000 marks.
received

The following

each road and

bjr

D'lS.ooo
8,o<»,(ico

Ilom. i*.ais.0M

bullion

carried

by the canal is shown for six years past.
BBCBim or atLklK at hew TOKK BT BODTBS DUBIHO

08' 10

40.01

07-07
5,«48.400

81-40

O.dSS.lRs: 8,876.888 17.408,381

KOTB.— In tlia abora table floor h»» been rvduoed to Kraln ou the baalo
of 4>9 Ouotaela to a barrel, and no dlatlnotlon made In tbe welghta ot tbo
dUhnnt klnda o( biuliela, aU belns added togetber on the same baala.

Thus the canal had 481 7 per cent
this year,

of the

against 37-49 per cent last year.

movement

Considering

the larger margin for competition that the canal had this

year by reason of the higher railroad tariS,

it is

perhaps

and the surprising that the water route should not have made a
Assistant Treasurer reooived the following from the heavier gain. Certainly there were not a few who claimed
that with a 25-cent rate for grain from Chicago to New
Costom Honse.
York the water route might be expected to carry the
OnuMtNf a/—
whole of the bulky traffic. Now we find that notwithf^ffft
DuMm.
mittrOtr
V.t.
0*M
«MI.
standing an increase of about 70 per cent in the tariff
roim.
OTHfUft.
(over last year), the only effect on the movement by rail
ABC 13
•39e.04« IS
$3S.OO0
83.000 •321.0U0
833,000
M 1^
803.967 »S
32,000 has been to reduce the receipts from 5,216,368 bushels to
4.000
Z48.00O
20.000
H 1^
667.240 3?
40.000
1,800
568.000
57,000
4,661,740 bushels
that is, the railroads have suffered a
" 17.

ory during the week

M \^
M

^g

766.340 48

a«a,8M»4
S91.AS3 88

for

domestic

bullion,

a.000
8,000
1,000

623.000

86,000
147.000
39,000

465XMM
243.000

51,000
47,00b
38,000

—

comparatively

trifling

reduction of the

traffic

(only about

That ought to be convincing proof to those
Total
43.190,083 ssl
816.500 83.408.000
8246 000 who are arguing even at this late date in favor of a
8383,000
Included in the above paymenu were #11,500 in silver reduction of rates from 25 cents to 20 cents, of the
win, chiefly standard dolUrs.
tmwisdom of such a step. Sash a reduction could cause
10 per cent).

THE CHRONICLE.

206

only a very Bmall addition to the proportion going by
rail, as the water route would still be much the cheaper,

[Vou XLUI.

Here we observe that owing to the better rates received
every one of the live roads had larger gross earnings from
the grain traffic than in July, 1885, the aggregate gainreaching $75,000, though the Pennsylvania is the only

it would involve a clear loss of 5 cents per 100 lbs.
on the whole body of grain carried. It is also worthy of
note that the total grain movement, rail and canal, though one among them that did not make these earnings on anot particularly large in itself, was yet larger than a year smaller traffic. The New York Central has a gain of
ago, when both the rail and water rates were very much $35,000, though it moved nearly 200,000 bushels less than a
lower than this year. This is significant as showing, first, year ago. The Erie on a movement diminished nearly
that rates this year were not so high as to act as an 600,000 bushels, has a larger revenue nevertheless, though
embargo upon the movement, and secondly, as showing the amount of the increase is only $5,000. The Pennsylthat within certain limits rates play a much less important vania which carried a little more grain than a year ago
part in stimulating or retarding receipts than is generally has a gain in earnings of $19,000, and the West Shore
supposed.
Of course, as compared with the 17^ million which carried a trifle less than in 1885 has an increase of
The Lackawanna's increase is $6,000.
receipts of 1881, or the 21 million receipts of 1880, the $10,000.
But the gain from the higher rates is seen most
present total of 9 millions looks small, but the former
were exceptional years, when a heavy export demand strikingly in the figures for the period from January 1.

while

stimulated the
It

is

to be

wheat and

movement

corn, while in the rail receipts flour

Thus

cipal item.

By

of all kinds of cereals.

remarked that the bulk of the canal receipts
the total

of

is

is

the prin-

4,425,369 bushels that

of

the table

deliveries

by

given further below,

we

find that the total'

railroad this year in the seven

months were.

45,560,601 bushels against 54,223.822 bushels last year, a
falling off of say

8J million bushels.

But

we

if

take out

the amounts by " various roads," under which head there

came by canal, 2,521,800 bushels were wheat and 1,495,900 bushels corn; and of the total of 4,661,740 bushels
that came by rail, the equivalent of 1,748,668 bushe)s was
flour.
Taking the combined receipts by rail and water,

the Lehigh Valley), the total remaining for the five roads,
on which we have figured earnings above, stands at only

we

42,156,795 bushels in 1886, against 53,703,369 bushels in

that

find

of

aggregate

the

of

9,187,589 bushels,

That

486,042

bushels

less of

corn meal, 1,250

bushels

the above that notwithstanding that fact their revenue
from the grain movement was nearly half a million dollars

bushels were wheat, 2,182,954 bushels corn,

1,176,900

bushels oats, 1,811,749 bushels

bushels malt, 109,290

bushels

As

and 74,450 bushels
shown,

the railroads have, as

moved over \\^ million
last, and yet we see by

1885.

flour,

3,305,428

barley, 39,526 bushels rye,

has been a heavy increase (representing the operations of

peas.

saflEered

very

little

—

greater

in

is,

these five roads

grain this year than

exact figures, $466,000.

The Central carried

and has a gain of $97,000. The
been to give them materially enlarged earnings. In the Erie carried only about 1^ million bushels less, and its
present year the 25 cent rate prevailed all through the gain is $206,000.
The Pennsylvania has not been able tO'
month, and was well maintained. If any irregularities counterbalance its loss in traffic, so its earnings are
occurred, they must have been slight, and could not be $44,000 below those of a year ago.
The West Soore also
substantiated.
Last year, on the other hand, though the is $18,000 behind. The Lackawanna, on tbe other hand,
rate opened at 20 cents, and was kept there for a time, which had both a heavier movement and better rates,
diminution of

the

at

maintaining

again

only
of

the

by

all

the effect of the higher rates has

soon dropped to

figure

effort

trafiBc,

result

to

month
roads

grain
at

a
in

20

15

tariff

and
were

failure,

and

flour

12^® 13

cents

when another has gained

cents,

cent

—

that

5^ million bushels

was made,
by the end
freely taken
is,

for about

amount charged this year. To be on the
safe side, wa have assumed that the average for the month
in 1885 was 15 cents, on which basis the present rates
show an improvement of 10 cents per 100 lbs, or $2 a
one-half the

Allowing one half of the increase to the lines east of
Buffalo, and the other half to the lines west of Buffalo,
each class of roads has received a dollar a ton more for
ton.

their grain freight than a year ago.

Figuring now the
weight of the grain tonnage (according to the
generally accepted standard of the weight of the bushel
for each of the different cereals), and taking the peractual

centages of the total carried by each road as above, we
get the following approximately as the amount of earnings
from through grain tonnage received by the five leading

less,

the large

sum

to

1

July 31,

during the

contributed by each road and by water,

last six years.

RECEIFTS OP GRAIN AT
Jan.

I

The following
movement from January

of $225,000.

table shows the proportion of the

to July 81.

1886.

N. Y. Cent.. bush. 14.0.%,e54

NEW

YORK, BY ROUTES, JAN.

1885.

1884.

IS0.51 1,693 18,833,976 19.381.331

TO JULY 31.

1882.

1881.

18,110,347 24,690,617
36-65
30-94

24-25
82-44
31 04
3114
bush. 11,997.061 13,853,421 11,466,072 14,707,101 11,301,618 32,077,946

Per cent
Brie

Percent.
PennsylT'a. bush.

Percent.
Del.

1

1883.

Ii.*W. bush.

19-45

20-66

22-09

23-B3

S,24i,94B

9,126,427
13-81

5,160,178

7,090,3U3
11-39

4,089,760

2,776,949,' 2,837,307

8-5U

6,376.294

9-9 i

6-19
10-33
6-S6
Per cent.
WestShore.busb. 3,584,838 6,822,065
958
581
Per cent.
520,453 8,029,090
Various RR8.bu8b 3,403.806
0-79
5-52
6-84
cent.
Per

27-67

2ii-86

6.847,992 12,191,994^
13-86
15-23

4-56

400.850

406,068

0-64

0-82

750,S3S
00-94

Total RB.bDsh. 45,560,()01 64.223,822 39,266,263 44,416,482 36,678,025 59,710,88I»

Per cent.
RlTerAcoastw.bu
Percent.
bush.
Canal
Per cent.
Total

all.. bush.

73-86

972.989
1-58

82-05

75-66

1,474,202
2-23

1,405,514
2-71

71-36

74-83

74- 18

2,21)2.952 1526.7581

3-09

3-54

1

15,153.419 10,385,354 11,223,451 15,623.632 11241417
(
25- 10
24-56
15-72
21-63
22-73 J

61,687,009 66,083,378 51,895,^28 62.243,060

20,079,991

2617

4M46,300 79,790,880

For the seven months there are thus less variations in
that the entire tonnage was carried for the whole of the the ratios of the different roads than might be expected.
distance between Buffalo and New York, which for the The Central's percentage alone is 24-25, but if the West
roads in question is probably very nearly correct.
Shore is added on it is 30-06, which compares with 32-44
per cent in 1884, 31-14 in 1883, 36-65 in 1882 and 30-94
APPROXIMATE KABSIN08 FROM THROCOH OBAIN TONNAGE.
The Erie has 19-45 per cent, against 20-66 in
in 1881.
July.
Janxtary 1 U> July 81.
The Pennsyh
2209
in 1884 and 23-63 in 1883.
1885,
18B6.
1880.
Inc. or Dec.
1886.
188S.
Inc. or Det.
vania has lost more heavily, being down to 8-50 per cent,
(
«
t
»
%
How York Cenlrol 104,000 69,000 iDO. 8S.000 899,000 802,000 Inc. 97.000 from 13-81 per cent in 1885. The Lackawanna, however,
Erie
62.000
67,000 Ino.
6,000 728,000 B2<,000 Ino. 206.000
various
is up from 619 per cent to 10-33 per cent, while
PCQiuylTacIa
42,000
23,000 Inc. 19,000 317,000 861.0(» Dec. 44,000
5-52
Valley)
(chiefly
Lehigh
have
percent,
railroads
"
I>«I. Lack. * West.
18,000
10,000 Inc.
6.000 SS7.000 162.000 Inc. 235,000
trunk lines to the seaboard.

Of course We have assumed

1

'•

Wm( Shore

M.000

Total

260,000^

16,000 Inc.

176,000

10.000

218,000

sse.ooo Dec. 18,000
2,088,000 Inc. 466,000

against less than one per cent in every other year except
1884,

when

the proportion was equally large.

ArocsT

THE CHRONICLE.

21, 188(J.J

BIMETALLISM AND GREAT BRITAIN.

silver difficulty is

making

in

Tbc attentloD exettrd br t«rd Randolpb ChaicblU'i aeccMlon to the
laadcnklp at tke Hnaaa of OMnooa* kaa Ulbcrto throTn Into the shade
Chaooellor
tke iBlanMiiic piiwlitlis aiMaf aot af bl« appolotment
•ttkeXzahraiMr. BMBOWtkattkeKi«MaraatOoolo(laiere*tlabecomlay nThantlfil. iimb baglm to Sad llaa tor poodarlDg ibe leaaer. There Is
alttady a pereapclbto tattaraaoiic ottkodox ceoaondit* at the thought
«( tke lame lanoTatlona la aar Saaaatal pallay with which we might Bnd
•oselTaa raofnmled It tha aew ClhanwiUnr at the Exchequer were to attempt to KiTe the Fair Trader* aa maeh •aUetaetton bf hi* aetlon to
onsoe aa ba haa oodoabledlr done bjr hU laagiuma In oppotltloo.
ABxMy on tkia aeera aeaaa to oa, wa moat am, prematura. If not abafaitelr aaaacwnfy. Apart ea'lrdy tNn the icrrat practical dinicult
taapat la daUO wttli tha wall oompactad ar^tem
Haa at aajr aMeaapt
<<aaiaartaaal
ttie aw faim—1 1— aim of tba Kraraat kind
whjT a OoramiMtat dapaadaat opaa tba aapport of a Metlon of the
LIbaral party ahould bealtala to ralaa a qucatlon which woald at onoe
OBlle all Uberala acalaat It. It la set from Ika quarter of Fair Trade
I wbu live In eooataat drrad of tba raemdeaeaaee of economlo
" aeed tear, for Ibe preaeat. aay aart ea* dMorbaaoe ut their

u

M
»»

paadUe, bowerer, tbal Ibair oaaaaloaaa mar eeon And a Jiistifleatbaath ao*
tbe dlnettea aad la Ibe autaoer that they are tn"
Bllaad toMMMpata. Obaa
a «( the eonaetaef pablio opinion, who
feavaBotbaaa wboOr abaarbed by tba Irlak qaaaUea.mnat for soma
ttae peat bare aoMeed tbat tba Ta«ae bat widcepraad dUeontent arlalns
«M of tba !«( eoatlaaad Japraaatna of trade baa of lata ihowD a trndeoe; to aoaetitte ItaeU upon a alafla palat. Tbare u an Increaaing
taellnatloa to annbata a large, and area tba Uoa'a, abare >n oar Indoatrlal aoOartiiga to tba appraalalloa a( goM, aad aa laeraaalm brllef
tbat bj teeeorae to a doable ataaiart the peraMeae rbaage In the reliMM eanaaar to aoamodltlaa aaa ba raoMdied. nadonbtadljr tba
«e«M«ile ~bat«i7'wblah bat galaad meat gruosdwlth tba geaaral
pabMa darteg the laa( jaar or two, aad wbleb tadacd haa eone to tbe
ttoM by lea pa aad booada la the paat few mnalba, I* not protection.
bat blmatalllaia Aa loag ago aa laat aprlag tbe latereet felt In the aub
jeet bad rtaaa to aarb a height that Mr. Oaeafeaa, tbe laat man In the
world to amka a ratb plaage on any qoratloa. aaptrtallj llnaoclal one,
aakad a qoaatteo at tbe OoTafBrneat, wbleb polaled dlraetlr to a tpeelal
r>waailaiiiia.
dMlaet fro* tbat laqolilag geaerallj Into tba
•aaaas of tbe deptaaalaa of trade, to InToattaaia tba aorrency
At that ttaae the anawer waa tbat Ika OonimU.
•riria
ilaa alrtadr la aTlataaiia waa quite competaat to ooaaMar the
I a( (hair •atfaeS aa wbU aa mfmry otber.
But we hare
Id Ike Oaaaitaalaaan the m ae Tta. la
It 1*

U

tloa,

To auch a demaad any Ministry, even if It had a atrong adverse opln.
Its own, woald ttod It diftlfult to oppose an Inflexible resistance.
Bnt It Is expresaini; no disrespect to the present Government to doubt
whether, aa a whole, It has any stroni; leanings one way ur t he other. Of
the Ministers most immediately concerned Lord Riiuduli)h Cliarohill has
had suffltlent experience of Indian affairs to feel a strong sympathy
with any scheme fur reUabllitatlnft silver, while the new Secretary for

Ion of

The following, which we take from the editorial columns
of the London Times of August 2, will be read with inIf It has no other value, it certainly shows the
terest.
progrvM the discassion of the
Oreat Bniaia.

207

nm

M

India. Sir Richard Cross, thooKb, to begin with, of a mild orthodoxy in
flnanolal matters. Is not likely lonK to resist the preesure which will oer.
tainly be brought to bear on him In tbe same direction. For if there Is

one thing more than another which

la furclng the currency question to
the front, it is the flnanolal prospect not ouly of the servants of tUe Oov"
emment of India, but of the Indian Government Itself. Tbe loss of In.
oome, amunntlne to over 2S per cent In all moneys remittrt from India
to England, to which Englishmen dependent upon the Indian revenue are
at preaent exposed, ha* long been a sulOeot of Increasing complaint,
and only the other day found very forcible expression In our columns
from a correspondent signing himself " Anglo-Indian." But the losa to
private lodlviduals, aerloua a* It la, la aa nothing compared with the
emborraaament ihroatenlng the Government of India if the amount
which It has to remit to England la to be Inoreaaed a further ten, twenty
or thirty per cent by tbe continued fall In tbe Indian standard of
oarreary compared with the English. Most people in England hardly
realise with what alarming rapidity the depreriatinn in the value of the
haa been progreaalng In the laat six men tba. We have almost
forgotten the daya when the rupee waa anywhere near It* nominal
value of two ahiillDga, bat even habitual pesalmlsts about Indian
llnaaoe must Iw startled to find that since Deoemtier it has fallen from
neariy la. ed. to rather leaa than la. 4>id. No doubt the large Increase
In English export* to India may to some extent account for the magnitude of tbe fall, but through all the flucicatioiu of trade U progresses
In tbe main unaltered, only with increaaiag velocity In each anoocedlng
year. Of the diaorxanizatlon caused t) the trade of the two oonntriea by

mpw

change of value*, whioh avounta praetlcally to a bounty on Indian
The advantage whieh the Indian
it la needleas to speak.
exporter waa suppoaed to derive from the high value of the metal for
which he sold hl«gooda compared with tbat In whioh he paid the coat of
their production haa. Indeed, hitherto been regarded aa a solitary compensation for the manifold evils af tbe fall of silver. But even this conanlailoo no lonaer remalna to ua. If we may trust tbe nfllcisl report of
Mr. O'Connor, tue Aaaiaiant Secretary of tbe Flnanolal Uonartmont, an
abstract of whleh ta telegraphed to ua to-day by our Calcutta correapoadent. the aupposed gain to ihe Indian exporten Is a rtelualon.
Oar one compeaaatton Is taken away, and the fall of silver appears as
an unmlllicatcd diaaaier not only to the Indian E^ohequer and the
Indian Civil servant aod tbe Briilah trader, but to t#i Indian exporter
aa w^. We m ly doubt aa deeply as we will whether the evil g'ganllo
aa it la, admlu of any praetloal remedy. But It seems unreasonable to
oeapolr ooill the aohemea persistently suggrsieil by so many of the
mnet exprrtoneed of onr Indian administrator* have und.<rgone a cat«fal and unblaaed praotlcal loveatl<ailon. Unless the Kle<.n of the times
are strangely uiialradlog, a Boyal Commission on the ourrenct- rrisin wiU
be appointed before another six months are over, it will be a thougbt
that will ooour to ,-very one that in tbat oaae the great aul itlns of Mr.
Uoorben. who bosao open mlud on tbe sul^eot and is teuipnrarlly r»leawMl from otber publlu labors, may be tiimed to practioiU account In
oonnertliin with the moat Important and most perplexing tlnanotat
(robleu of oar time.
thia

export*,

l

tba lalaat laatalmaat of tbair foport. tfcrawlag tkelr aolleoUTe weljtht—
Blooa that of Mr. Artbor O'Oonaor, tba alagla diaaaatleat— Into the aoale
la favor af tba ** earl/ aad aepara ta exaoUaatloa'' of " the Important
aa aat of tbe aarraaer *o far aa It la ooareraed with ehaagea In tile
valaa af tbe pt a al aaa at ali " Tbe laBwamwdallBa la awatalgnl Scant,
aad Ita Imparlaaaa la iart a l aly aM walmlard br tbe ambarraaaM
I
-•
1*-T
•"r»ainnir- '
-^-f the
*—
I

^

—-"T —

m

taaattaalaatibeyaboldaaaat by tbatrmoM itilimin

- r~J"'r

It,

ar by tbe •irooa MmetaUlat taadaorr o< maay «< tke aaaweca of eaperta
It la a
10 tba qocatlun* addiaaaed to them by tka Oomailaaloo.
aotawonby cclncldance tbat at thia very ataneal a new moTe haa
baaa made by tbe frleada of blaataUlamoa the other aide of the AtlaoUo.
raaolathn baa Jaat baaa latrodaead lata the United state* Senate
by Mr. Evarta. regoaartagtbaPwitilialtoopaa aorreapoadaoea with the
prtariial eoaamatalBl ftwara af >aiupa> to aiiailalii tb*lr rlew* on tba
taU of alWar, aad to laqalia whatkar tkay woaU be dlvpoaed "aeparatetf ar la eaaem wttb oikan. aitbar. withi or wttbout the United Btatea,
toaagaga ettbrr by daaiaalle lagalatlon. or latemailonal conretittiin. In
any moTemeota towarda the rtatorallon of parity between gold and
allTar In full fonetMm aa IntrlDalo money npoa a ratio to be ealabUabed
bylaw." Scaaior ETarta, at any rata, ksowa auctlj- what be meana.
aad aomae plump out with It. Bet tbffagb soeb a propoaal aa hia cannot
ba tagarded aa aaytklag aaaaaal la a coantry where tbe allver qaeatloa
wblek baa only Joel baeoae a banriag one in Eaglasd. U cbronloally at
klllHaff peiat, tbo ataoltaaaoaa aava forward la England and Amertoa
aot be wltboat Impartaat inaitqaaaeta.
It la plaialy ao oaa to try aad poob-poob tba dlaotuwioo a« antiqoated
ar to daaiaaaa tba taaewed exaalaalloo of blroetaliiiit dootrtoea aa

A

ar

waaaaoftima. Itawy batbat,aaamatterof theory. blmeuUiita hare
added and ma add notUaglotkalraaaa. The old Inanperable ot>)cctlon
tkas la tbe faea of aay gnat attoraUoa la tba intrlnale raluea of aUver
aad gold, aoab aa lawa aad OoveraaMaU are powerleaa to prevent, no
aMMaa aaa prevent tba laatal of laaaaalag value from going out of
iliialalHa. will aeeaa aa valid at aver It did to noMaaed orttlo*. But
tka beat tbw leilaal aig aaiaata aiaa waakaaawarto tba abarp cry of
piaat l aaldl-traaa. Over and over again dootrlDoa walota bare long been
aata h llahed to the aatlafaetlon of the learned In the ectnre-room have
had to dcae»jid Into the markat-plaoe to be heokled before they could
gatlkamaelTaacenrrally raaogaiaad by tbe auea of tbe people. Uono.
ataUaa ouy aiineor aa eoavlaaiag aa over to the m»ioT\tj of atodenta
tkaagb avea aawng tbeoratleal aaoaoailata there la a large and Infla.
liid bedy of doabtata. Bat tba aaoiaarelal aad loduatrial world decllnea
tabaeeavtaeadbytkatrdaaiOBalrattoaa. tt la beginning to ioalat, with
aa aaaartala vataa, aa tka raopaelag of tbe qaeatloa, aod on an appeal
•aoi tbe daetrlaalwa to tka aM* «t

RAILROAD EARNINGS.
In view of the great interest attaohiog at the preaent time
to the reports of railroad earnings, we have brought together
from our detailed statement on pa{^ 315 the following returns
for the 2d week of August, covering the latest period for
It will be noticed that
which figures have been compiled.
the increase reaches nearly half a million dollars or IS*^ per
cent, and that there are but three roads among the thirty-five
re^gurtiag that fail to show gains on a year ago.
Setand

leeale

Buff. N. Y.

of AngutL

1896.

Phila

69,700
203.000

A

2*j,501

Ailanilc
East. Illinois.

A
A St. Paul
A Northwest....
Chic. St. P. Minn. A O....
In. Ind. St. U A C
Denver A Rio Grande
Dut. Lanalng A Kurtb-rn.

Chleaco

9

9

A

Canadian faciflo
Ceutral Iowa
Chioa<o A Alton
Chlcaiio

1886.

IBO.T.W
20,940
39,48»

Chie. Mil.

408,1100

Chicago

497.HU0

<

. .

lU. Ceut.-lll. A8t.. Dlv..

Cedar Fall4

AM

Dubuque A Sioux City.
Iowa Kalla A 8. U

Ind. Bloom.

A

Western..

Lake Erie A Western
Lung iKland
l/vinc Kv.

A

St. Lnula...

Lonl.ville A NaahvlUe ...
Mexican <entral
Milwaukee L. 8. A West
Milwaukee A Northern.
N. Y. fity A Northern ...
N. Y. tjiit. AWeatorn....
.

Norfolk A Wwtem
Northern Pacific

Ohio A Mississippi
Oreiron Kiv. A Nav. Co
Keoria Dec.

A

..

Jo. A Grand Island
Louis A Ban W\MO ...
8t. Paul A Duluth
Wabaah SL L. A Padflo
. .

St.

.

Total (35 roada)
Net Increase

••'

f,h,.W3
133.9.37
22.03(1
21".i'00

28.261
100,473
22.352
83.t>0«

378.736
390,000
08.0<i0

47,900
127,067
1.890
13.032

eo.1'^7

61,243
20,268
09.3U7

31,032
107.444
18 850
280. 6b
68,070
66.0A0
12,031
11,701
83,479

10,0r-4

14.1 '70

337.600
58.H84
29,020
0,726
0.7-4

20,614
66,643
218.803
78,147

2.W.021
loa.iej
89.012
19,663
32.360
04.428
32,346
28 1 ,760

10,126
70,187
29,610
213,406

3,668,186

8,164,288

80.(101
17.87-1

Dtertate.^

9
8.6O0
28,0011

237
286
7.5rt8

6,48
20.264
107."(JO

4.10U
7.401
6.8.

763

r2.7l<8

200.666

2.800
17,500
11.100

fl3.2-il

Evaiisville

Bt

102,1

61,100
176,iM

Inereaie.

16,234
vol
3.56
l,0l6|

616
11,6U4
8,137
4,771
43,2b6

814
27.0 tfl
2,.>05

1,017
H,86.i

6.7336,818
26,016
111
1.680
8,V34
15.201
2.68H
68,364

491,160
488,868

2,203

THE CHRONICLR

208

[Vol. ZLUI,

A

BATES OF EXCHANUE AT LONDON AND ON LONDON
AT LATEST DATES.
MXOHANeX AT LOKDON-Aug.
On-

n»M.

5.

BaU.

AiQBtordam. 3moa. 12-2*i •12-314
Amaterdam. Short. 121>« 912'2
HambarK.
3 mos. 20-50 •20-52
"
Berlin.......
2050 020-52
i«
20-.50 »20-52
Frankfort...
"
12-72 Hi (H2-77ii
Vienna
.

tXOHANaX OS LONDON.
Latat

DaU.

BaU.

Time.

Aug.

5 Short.

Au(?.

6 Short.

1207

....

Aug.
Aug.
Aug.
ii
12-7-J'«al2-77is Aug.
Trieste
If
25-42ia»25-45
Aug.
Antwerp .
"
23is3'23
Aug.
Bt. Petersb'R
Parts
Short. 25-20 ®25-27i2 Aug.
Paris
3 mos. •*5-37'«a25-42's
<'
26-50 a25-65
Genoa
•4
Madrid
463ea4e'8
«1
Oadlz
463sa>46>8
It
liUbon
62\atiH
.
Alexandria
....
. .

5
5

20-46
20-40
20-40
12-61

*'

II

5

**

6

....

......

25-23
231'3a

5 Short.
5 3 mos.
6 Short.

25-21

....
....

Oalontta

Kewyork...

Hon^ KongBhanfchai

Dem'd
tt

....
....

—
f

Is. 46l6d.
Is. 46ied.

Aug.
Aug.
Aug.
Aug.
Aug.

6 teLtrsf.
6

*•

6 80 days
6 4 mos.

6

"

From oar own correspondent.

A

loan and by the payment of heavy instalments on the Indian
and Brazilian loans. In addition, also, holiday and harvest
requirements are telling upon the market. The combination
of these demands has visibly contracted the floating supply,
so much so, indeed, that the discount establishments have
found themselves in a position to give }4 por cent more for
deposits, and are now allowing 1 per cent for money at call
and 13^ per cent if with 7 or 14 days' notice of withdrawal.
Although the influences now bearing upon the market are in

some measure of a transient character, signs are not wanting
that the market is being gradually brought into a healthier
condition. Apart from the inquiry for loans there has been
large
some increase of animation in the discount market.
number of bills has been offering, showing an expanding trade

A

....
....
....

a very healthy feature, and should it become
permanent hardening in the value of money
would at once set in. The other deposits held by the Bank of
England are about £7,500,000 less than they were a year ago,
and they cannot be drawn upon to any extent without affecting discount quotations and expediting an advance in the
Bank of England rate of discount. The weekly return showg

dnmand.

Oonstant'ple

Bombay

distinct improvemeat as already said, has taken place in
the value of money. Floating balances have been appreciably
diminished.
certain amount of scarcity has been caused by
a lock-up of money in connection with the New South Wales

Is. 4iied
Is. 4l8.».

4-84%
3b. OHid.
4s. SMd.

I

London, Saturday, Aug.

7,

1886.

Some

rather conflicting evidences as to the real state of trade
have been observed during the week.
are prepared for a
certain amount of quietness at this season, owing to the holi-

We

days; that business, therefore, should have been on a restricted
no surprise. But the improvement in the
demand for money, the hardening of the discount quotations,
and the advance of }4 per cent in the rates of allowance on
deposits by the discount establishments should indicate a
healthier condition of commercial affairs, and possibly such
is the case.
At all events there is no reason to apprehend that
we are again retrogradmg. On the other hand the question
of short time is being much debated in Manchester, and
in the hardware districts agitation against the current railway
charges is being revived. With these facts to contemplate it
will not answer to indulge in too sanguine anticipations
merely because there has been a slight infusion of life into
the money market. From a closer examination of the position of affairs we may, however, fairly assume that the progress towards commercial rehabilitation, though very slow, is
still proceeding, and from the absence of speculation, the footing secured is all the better established.
It will certainly necessitate the employment of a considerable amount of energy to extricate the hardware industries
from the slough of depression in which they have been so
long engulfed; but it will be a move in the right direction
to stimulate business by reducing the cost of carriage as much
as possible.
small profit is better than no profit, and if any
signs of improvement in the iron trade are to be stifled by

scale has created

A

This

is

at all decided, a

a loss in the reserve of £450,065, the proportion to liabilities
being 40-68 per cent, against 41-99 per cent last week. The
amount of the reserve is now £11,487,834, not a large total to
deal with on a rising market, and is about £4,350,000 less than

The stock of bullion

last year.

below

The

is

£21,545,000, or £4,300,000

last year's total.

rates for

money have been

as follows

:

Inurtet aUo^otd

Open market ratu.

/or*ipoeits

i

Bank BUU.

&m- wa --

2 ati I
9 HM H-a

iHia

"

18

sm 1«®1S4 iMa

"

23
SO

2X

"

AU8. S

Wt'.

Diec't

At 7 to 14
Virttr
Six
Six
Three
Stock
Four
Three
Jfontlu Montlu Mtmthe Montht JUontk. Montht Banks. OaU. Daf.

1
Jnlr

tty

Trade BUU.

2«
2H

wa - iwa
wa i?«»
\%im

l«* 13««

-

lMa29i
mmn lKi»2^
Nom'l.

H
H

Nom'lNom'l.
Nom'l. Nom'l. NomT
Nom'l. Nom'l. Nom'l-

2H42M

IM-SZ

-1

I

-X
-1

H1
H1
H1

i«a- \H*- 2 ® - 1««8 IJO^K 2MWH
--

1

Nom'l. Nom'l. Nom'l-

-1
-1

i-^-lM

1

The following return shows the posicijn of tbe Bank of
England, the Bank rate of discount, the price o£ coasols, the
price of middling upland cotton and wheat, and the Sinkers*
Clearing House return, compared with the three previous
years
1886.

1888.

18841

1883.

£

£

£

£

excluding 7-dBy and

Ciroutatlon,

other bills
Public deposits

25.807.700
3,aS<,391

Otber deposits

21.704,50a

Government

14,810,355

Becurltiea

prohibitive charges, but one result can follow, namely, the
permanent loss of business to the foreign competitor. If the
railway companies consult their own interests and examine the

Other senurltles
Reserve of notes and coin
Coin and bnllion
Reserve to liabilities

matter from an impartial point of view they could not be
long in detecting the wisdom of suj porting the manufacturers
to the full extent of their power, though of course with due
regard to the interests of their shareholders.
Business in Manchester has naturally been affected by the
state of the silver market. The continued depreciation in the
value of bar silver is naturally creating considerable anxiety
respecting the position of our trade with the East. India has
not of late been supplying us with so much wheat, whilst we
have been sending her large quantities of cotton piece goods
Sec., thus causing the balance of trade to be more than usually
in our favor hence the fall in the exchange, which has been
intensified and accelerated by the freedom with which the
Indian Council have disposed of their drafts. That silver
should decline Id. per ounce between the arrangement of two
operations is possibly almost unique in the history of the market, and is unchallengeable evidence as to its weakness. Were
there any assured prospect of a recovery we might regard the
present depression with equanimity, but unfortunately it
remains quite an open question whether the full extent of the
fall has been reached.
Whilst this uncertainty prevails the
developmer.t of our Eastern trade must be hindered. How
ever, the silver difficulty, notwithstanding the general trade
outlook, is considered to be brightening, and hopeful views of
the future continue to be entertained.

Banlc rate

19,f51,494
11,187,824
21,S15,&24
40-68 p. 0.
0.

42J«p.O.
a P.O.

101 8-l8d.

89«d.

2X p.

Consol 8
English wheat, average price
Middling Upland cotton
No. 40 mule twist
Clearlng-House return

The Bank

32s. Od
4 15-I6d

Aut.

348. Id.

6Hd.
SHi-

S^d

120,863.000 114.239,000

rate of discount

chief Continental cities
lave been as follows:

26,341,730
4.409,713
22.391,464
17.8611,603 13,577,763 11.8B2.631
31.511.870 22,297,878 20,742,207
13,8.'a.075 12,759,604 12.2)9,689
25,844.095 83,689.509 22.841,419

26,680.815
4,673,-208
8,343,787
32,194,l»t) ^5,123,538

46,711.020

2p.

July

45M

mi.

rates

for the previous three

29.

Jvly

p. 0.

4p.O.

c.

lOOd.
lOO^Sd.
43s. 3d.
87s. 6d.
8 3-ied.
6 13-lBd.
9?<d.
91.949,000
97.896,0001

and open market

now and

5.

4I«p.c.

22.

at

the

weeks

July

18.

Bau$of
rnteretat

—

Bank

Oi>»n

Bate.

Market

Bank
Bate.

~~3
Berlin

3
S

F-ranMort.

3

Hamburg
Amsterdam^

S

Ptirla

1«
1«
1«
Hi
HH

8
3
3

4

6

4
3
5

3

3

2«
2>,

4
4
Jt.

PeUrsbniv..

Copenhagen

Messrs. Pixley
bullion

& Abell

2M
2«
4

5
8

Bank Open
Bate. Market. BaU. Market

Open
Market

Bank

1«
1«
1«
IH
»H

3

iyi

2«
»i

4
3

4
4

4

4

4

an

4

3H

5

B

B

S

S

b
s

8
3

Oi>0n

~~^ "s

8
3

»W
en

~~a

SH

1«
1«

S
3

1«
1»

3

IH
IM
1«
IK

8

write as follows on the state of the

market

last there has been no Inquiry for (told, and the Bank
couHequentiy pnroha«>'<l .ill the arrivals, which am lunt to fl2."51,000.
The arrivals are «l.=).200 fmni China, £73,000 from Australia and
«229,000 from South America total, $347,200.

Gold.— Since our

hiiH

;

AUGCST

THE CHRONICLE.

31, li»6.

209

end of Uat week nntll 42d. was
wm no deouuid, but later a special

Terjr npldly at tbe
naebnL Ereo *t tbl« flxure there
•rterabwrbedaU mdoiuu off«rlaK.

aUver deelioed

The following statement shows the extent of the sales of
home-grown wheat, barley and oats in the principal markets
from New Tork sDd A8.^0u from Boenos
of England and Wales during the first forty-eight weeks of
BmTrnna haa Ukeu •ii3,000 to BomterMexican DolUn deelioed on the dfpartnie of the China mail, and busl- the season, tc^rether with the average prices realized, comiMa* waa dona for ParU at 43i«d. Blnoe then the Preach OoTemment
The Import*

coiupr^,^ X lo.ooo
Ayree; totmi. A3t;.5uO. The

k>T« rtdnrad thatr bojlnirrate, and the prlee
I ta«k 44.700 IS China.

The quotatiotu

la

now 43d.

The

neareat.

pared with the previous season
ISSft-M.

for bullion are reported aa foUowa:

SOLD.
».

Umtmmmnar*.

yaJvW.

^

SOU,.

BtLTMSU
AU».

Aug.

s.

/alvSS.

(.

«.

•.

T7

•

n

ar told, Matala**
aidwta.aUnr.oa.

4.

4.

ariUTar

»

...

«.

U

OH

2,753,457 30
3,821,923 28
864,599 19

Wheat, qra.....
B«rlay

Bar Urar.aoatatB.

n 10

7T»

.o*.

ttM
Oika aUnr ...oa.; 41k Vis
MaslaaB dola-.-OB. L«a
la«B|Ta.(old.aa.l

...

4SX
tUi

«m

The retam of the Cleveland Iroo Kuters' Aaaociation for
July showB that the make of pig iron daring the month was
184,000 tona of CleTeland iron and 73,000 tons of other Itinds,
or a total of 206,000 tons, being 4,000 tons more than were
Budo in June. There are 03 fumaoe* blowing, of which 88

^

*--•

d.

«.

artoM.aBa.. ol

1884-85.

1883-84.

*^.

d.

«.

(.

CleTdaad

d.

9 2,689,3d3 33 2 2.676..S89 39 8
2.853.901 30 11 J.OSi.O'iS 30 9
4| 899,077 20 8
964,559 21

Converting quarters of wheat into owts,, the totals for the
whole kingdom are estimated as follows:
1885-86.
ewt.39,484,()9i

Wheat

1884-85.
38,57.^,621

The following shows the quantities

1883-84.
38,395,696

of

maiae afloat to the United Kingdom.
Thit vttk. Last wmA.

1SS2-83.

42,230,000

wheat, flour and
Latt ytar.

qra.
fTheet
1,837,000
1,798,000
1,980,000
The total ttocka of the district iWr.eqaal
to qra
180.000
148.000
170,000
420.000
379.000
280,000
haTo increased 17,500 tons on the month, being now 700,736
Jin.
tona. The addition to Mook made in seven moni bs this year
ia 180,248 tons.
The stock, including makers and warrant
BasUah riaaaclal .llarketa— Per Cable.

an making

^

iron.

1834.
1,860.000
188.000
131.000

took*, has doubled In aboat eighteen months.

The daily closing quotations for secuntiee, ftc., at London
Aooording to Stubb^ Weekljf Otuelte the number of failures
are reported by cable as follows for the week ending Aug, 20:
Bagland and Wales during the we«k ending July 8Ist was
more than last year. The number to date is 2,818,
M, being
LoitdOH.
JTon.
rwat.
Wtd. Thuri.
JW.
being an increaae ot 173. The number of bills of tale pub-

in

M

lished during the week was 830, or M mote than last year.
The number to date is 7.163, being SOS more than last year.
Nettling new of importanoe baa tnuKpireJ in the irrain

surer, per o«

..d
42 >«
ArfMols for mane;
101>„ 101«i«
Jcoaola f or aoeoont. . .
10l»i,
83-07 >•
Pi'oh reateeiln ParU) fr 83' '5
llSBg 1I3>«
O.a. 4>saori891
li;t\
O.S.«aof 1907
r.<97«
6l''8
6H>e
'-•anaiUan Paolfle
95 >!
93 >i
•hie. MIL * Bt. Paal....
34 >«
^Tla,eaauDon •took.... 34 >«
141
Ulaola Central
141

Dim

42»„
43V« 42 >4
42>is
101 <«
101,, lOURis 1011,,
I01>s
1U1>S
I'^'m 101 ija
83 12'a 83'12'a 8310 8315
113% 113»8 ll:i>8 1I2<4
129^«
12U^s
1293e
129'a
67 Tg
67 7»
88
93^8
94 ag
94 >s
95
32><
3J
33%
SSH
139 >• 139>a
140 >4 139

trade. Dealings in wheat have been entirely from han'l-to•
mouth. The holiday season ia interfering with biuinew soruewhat, bat thedetenninationtoawait some definite information
rtepecting t ereault of the harrest baa also had a good deal to
UOifl
5J%
69 ag
'eBnarWanla
60
13^ 13>4
13is
131«
la^a
do with the preeent slackMsa. Howerer, whiUt actual opera- '^Iladelphlaa Readln* 14
114^ 114>« 113>i 113
112^ 118%
Ve* York Central
tione have been slight, a steady tone baa oontinued to charaoteriae business, and full prices have been secured for all
fine samplaa. The market just now is in a condition of ex- (^oiuraerctal attd DKtscellaaeoas j|.eurs
pectancy, but with a prepondenUiog belief that greater flrmness will gradually oTenhadow quotations. No immediate
NanoMaL Baxks. The following national banks have lately
oor important advance is anticipated, bat conditions are beea organised:
ooosidered to be more favorable to a rise than a fall. It is S,S48-Tha Illloals National Bank, nf BprlnRlletd, III. Capital, 4300,000.
DeWltt W. Smllh, Preeldeiit; Be^). ft. Hieroayiuiu,
doQbted whether the harvest here will reach the average,
Caahler.
wbikt the acreage under wheat ia under* too<l to be reduced. 3,049—The »tr«t National Bank of Franklin, Xeb. Capital, $60,000.

—

a smalkr out-turn than u^ual.
heavy crops will be secured
and
the
American yield
will

Jamea

Thie, of oooiee. forsaltadowB
It does not

on

the

clearly

When

appear either

tliat

Continent,
be considerably

we have

to this

bvlow the earliest eetimates.
add the facts of reduced stocks,
.

to

F. Zedlker, Prealdent;

Jame*

U Thompaon, Caaoler.

—

ImoBTO ain> Bzpobts fob tbb Wbbk. The imports of last
week, compared with those nt the preoeding week, show an
increase in dry goods and a decrease in general mercliandise.
rbe total Imports were 87,973,090 agamst $9,017,011, tne preceding week and f7,900,132 two weeks previous. The exports

aaller quantities afloat and a deficiency of nearly 4,000,000 for the week ended Aug. 17 amounted to $5,549,646, against
boabels in the American visible supply, compared with last 16,513,151 last week and |7,3:)l,67t two vreeks previous. The
year, some groonda will be found for the expectation that the foUOTnag are the imports at New York for the week ending
general
trade will ultimately improve. The average price for the i-ea- l)Suu]L^HX>ds) Aug. 13, and for '.he week endiii,; (for
•nerraMraae) Aug. 13; also totals since the beginning of the
is rtrr low, namely, only 80a. M. per quarter for home-

on

9f«t

week

in

January:

grown produce, against SSa. 9d. per qnartrr last season, but
earrsn% weekly averages are appredably better than they
were

the year, poastbly to the extent of Ss. per
is forthcoming that
it will require a very powerful influence to bring the trade
into a really animated condition, and failing the exercise of
that Influence we shall have to be content with a very gradual
a ocesi i on of stradincas.
The following ratnm abowa the extent of the imports of
earlier in

quarter.

esrsal

Abundant evidence, however,

prodofoe into the United
weeks of the seawm.

Kingdom during

•.MVn73
ladlaaaora..

1S84-A.
A3. l;< 1.733
lft.04'l.4Xi<

1R83-3
SI.B«6,0OO '61.-8^.609
11.487.010 l.^.J23.088
8.0 9.737 14 'J < 1, 690
1.07I.178
l.i81.«4>

9,8St.304
I,«18.3e0
2.839.333

11.000.318

.... a8.83<l,<!9a
.... 13.373.321

2».7llO..'>i2

l,i-<7.iii|
lM,JO-..'.|il

lS.a««,000

10,24U.I43

1.8.1n.43.^

3,a63.lnl

..!»;;>

ia*44 <'^

|MH'4-4&

ki—s a

TMat....

i

,:.

,1

..

J

..

.,

•«.4<«,»43 107,373,374

;.

• 10,802.374

•7,544.267

•7,481,901

•7,972,090

•78,0 18,056
2U8.377.56I

•74.070.923
197,621,949

•61,043,360

•72,184,003
19^,123,868

aealmefdlae..
Total

5,050.370

172,069.«>S4

•2.731.026
5.241.064

32 weeka. •287,323,617 •371.692,871 9233,113,014 •287,307,671

In our report of the dry goods trade will be found the im.
ports of dry goods for one week later.
The following is a statement of the exportB (exclusive of
specie) from the port of New York to foreign porta for the
week ending Aug. 17, 1886, and from January 1, IWO, to date:
BXrOBTS PBOM SSW TOBK VOB TBS WBBK.
1883.

For «he week...

•8.374,433

Pre V. reported..

30«,483,1.)8

1884.

•7.283,318
185,9;0,836

1885.
•7,394,97'^

193,585,238

1886
•3,349,646
183,411,131

Total 32 wrekn. 217.858.591 •203,163,354 • 202,890.216 *1 90,990,777

IHHV-R3
I'J

_

7.528.'.242

J '-l.S-*
iJ..M!1.21'.>

'.09

uwu.

•2.431,-331

.'.',

of 1
er tear
»f

«nM/im.l

1886.

1884.

«2,811,413
4,702,854

Oanliaar'dlae..

UryOooda

1385.

1883.

•3.274.132

OryOooda
Total

loaa.

08'1

Snpptiee available for oooawnption in forty-eight weeks
(esulaBive of stooha oa gaptBoibai 1)
lHHV4il

nrWuk.

saw

the first

forty-eight

isas-e.
.ewt. 45,609,361

roaaieii laruara at

._._

>vm

8a,eO«,43U 119,539,751

The following
at the p-irt uf

•tnoe

table

shows the exports and imports of specie
for the week ending Aug. M, and
and for the corresponding periods ia

Now York

Jan, 1, 1886,
1886 and 1884:

THE CHRONICLE.

210
XrOBTa AMD IMPOKTS OP

RBW

BPBOia AT

Importt.

Xxporu.

Oenuany

........ ....

19.300
38,033
J. 800

Hexlou ...
ttoatli America

66i'733
499,203

7,445

$19,500 *36,985,.^32
6,3.!8.763
8,600
20,473 37,873,236

»66,578
164.564
l,717,3iO

$3,287,963
6,039.816
9,739,577

$6,063,971
193,777
37.650
154,050

$300

»300

12,687
2,729

593,744
117,J28
291,301

13,200

All other oonntrlea. .
•

tl93.687
1,131,173
886.9)2
786.336
27,8h9
254,399
7,547

t

$6,300 n2,478,344
11,571,801
5,469,265
6,409,186

Great Britain
PranoB ... ...........

8ineeJa».l.

Wtek.

Since Jan. 1.

Tstal 1886
Total 1886
Total 1884
ailver.

$171,450

Sreat Britain

German.

... .... ....

8,765
Bontti

4i<

72",699

America

17,9 13

3,258

64,067

All other onnn tries. .

$180,215
541.922
289,618

Total 1886
Total 1885
Total 1884

$33,529
74.930
68,046

$6,586,214
11.183,388
8,938,197

$1.006.57a
1,219,782,510,79

Of the above imports for the week in 1886, $2,250 were
American gold coin and $10,225 American silver coin. Of
the exports during the same time f 16,300 were American
gold coin.

New York —Monthly

—

Statement. In
addition to the foregoing tables, made up from weekly returns,
we give the following figures for the full months, also issued
by our New York Custom House. The first statement covers

Foreign Trade op

the total imports of merchandise.
lUFOBTS INTO

Dry

lotaL

Goodt.

9,410.164

.

12,070.425
12.816,726
8.58«.33U

.

Marob

AprU

Oeneral

Xerchandiae.

t

t

Janaarj.
Febrnary

23,389,735
36.021,318

32.799.899
38,891,741

10.808,800
10.214.498

17.848.208

28.457,008

13.630,823

88,845,320

26.384.461

39.181.180]

10.385.889

25.261,039

35.648.728

28,613.389

25.996,497

32.259.481

6.245.225' 2e.S5fl,830

Mar

24.775.653

37,179.719
32,464.990

6,2(12.984

7.6S9.337

Jane

6,881.571

i;9.228,61t.

88.1l0.19o|

6.271.51l| 24.703,187

28.101.855
30,974.098

9,:i30.75

27.C68.76'-

37.199.52

P,72l.58S

33.370.801

July

NEW

BXPOBT8 FROM

24,840,018

67.91O.290!l59.745,401 217,653,691

68,765,30* 186.8^1,941 a5S,82?,249l

Total..

TOBK.

CUSTOMS RECEIPTS.
At New York.

Total MtTChandiu.

Month.

llontK

.1886.

1885.

1888.

t

1885.

%

t

t

10.925.443

10,298.891

22,314,321

32.718,154
23.715.450

.January

February

February

March

23.204.084

26,137,314

March

11.799,732
12.500.233

10,468,9««
11 277 042

April

24.59e.4» 20.967,843

10.434,186

9,977.753

M^r

26.268,431

23.723.616

29.395.820
^9,734,641

July
Total

28,341,988

May

17«,237,16» 192.809.418

11,879.019

9 520 647
9 637 384

12,605,426

11,717,836

79,165,8(3

72,887,519

9,021,800

28,535.636
26,892,735

&

—

Portland & Ogdensburg. The reports of the receiver of
the Portlanil & Ogdensburg Railroad for the first and second
quarters of the current year have been filed in the office of the
Clerk of the Circuit Court of the United States in Portsmouth.
Following

Jjly
Total

is

an abstract:

Gross recplDts for quartpir ending March 31, 1896
$241,799
Payments. incliidinK $10,3 1 75 on account of new bridges and
252,774
coupons In arrears to January, 1886
1

Excess
Cash on hand January, 1886
Balance, cash, March 3 1
Receipts, April, Miy and June
Payments, including Interest on

$10,755
18,014
1,088
169,537
first

mortgage bonds due Jan.
164,898

1886

1,

$4,737

Balance of receipts for quarter
Cash on hand April 1, 1886

MEW TORK.
1885.

General
JierchandUe.

Dm
Qoodt,

cent below what the State permits, and consequrntly an extra
of 36 per cent can now be lawfully declared. The capital
stock is only $1,500,000, while the property of the road is
worth over $3,000,000. which would admit of a stock dividend
of 100 per cent, if that should be preferred to an extra in cash.
Among many outside items of property is the Manchester
North Weare Railroad, worth $200,000. During the last three
years the Concord Railroad has expended $300,0'00 in the purchase of land and permanent improvements. What action
will be taken to more fully utilize the large surplus is not yet
agreed upon, but it seems quite probable that action of some
kind will be taken in the near future. The par value of the
stock is $50 a share, but it is drfficult to obtain any of it at
$107."

7,638

Cash on hand June 30

1886.

Month.

XUU,

capital stock. The law allows the paying of dividends to the
amount of 10 per cent a year, while the tjtato cun claim any
surplus net earnings above that. Since the corporation com-\
menced operations, the aggregate dividends have fallen 36 per

TOB&.

aout.

Wtek.

[Vol,

$11,676

141st Call for U. S. Bonds.—This call from the Treasury
issued under date of August 19, will redeem $15,000,000 bonds
on October 1, 1886, embracing three per cent bonds issued
under the act of Congress approved July 12, 1882, and numbered as follows :
$50 -Original No. 104 to original No. 123. both Inclusive.
91100— Original No. l.f.22 to original No. 1,677, botli inclusive.
$ OO-OiigiDBl No. 65(' to original No. 728. boih inclusive.
$1,01 0— Original No. 4,207 to original No. 4,996, both inclusive.
$10,000-Origiual No. 10,248 to original No. 11,663, buth loolusive.

—

The Equitable Mortgage Company invites the attention of
the investing public. It does a strictly farm mortgage business which is so complete in detail as to commend itself to the
examination of careful investors who are accustomed to study
up such enterprises and see that their methods are satisfactory.
The capital of the company is $300,000 paid up and $300,000
more liable to call, and the company guarantees b th principal
and interest, which are payable at any of its Eastern offices or
at the First National Bank of New York City. The company
has among its officers and largest stockholders the Manager of
the American National Bank of Kansas City, an institution
having a capital af $1,250,000. The company claims to have
the most perfect methods of transactinir its real estate mortgage business that have yet been devised, and invites the
attention of all parties who have money to invest. Full
information in regard to the company, its present surroundings and past record will be furnished at the First National
Bank of N. Y., or by Chas. N. Fowler, Vice Pre.-t., No. 208
Broadway, New York H. H. Fitch, Manager, No. 203 Court
C. B. Wilkinson, Manager, No. 112 S. Fourth
Street, Boston
John C. Avery, General Manager, Kansas
Street, Phila.
;

;

United States Sub-Treasury.—The following table sho-ns
the receipts and payments at the Sub-Treasury in this city, ss
well as the balances in the same, for each day of the past week :
Balances.

DaU.
Aug.
"
«
"
"

14
16

"

20

17
18
19

Receipt!.

Payment*.

Coin.

$

$

9

1. 491.94-*

1,460.641 127.940,542
877,694 127,927.105

1,:<'

9,S47
2,28 .,751

1,249,1152 127.936.689
•2,034,721 127.989.2 11

»4-i,485
1,031,41.5

1,427,241 127.906.570
1.110,312 127,903,720

1.03J.723

;

City, Mo.

—The State of Missouri $700,000 S}4 per cent 5-20 year
bonds were sold at nearlv 3 per cent premium, $300,000
awarded to Coffin & Stanton and $400,000 to Simon Borg & Co.

Coin Oerft.f Ourreney.

$
60,440.930
60,391,470
60,301.880
60,461,630
59,914,450
59,462,598

9
26,435,270
£7,115.423
27,313,223
27,354,M51
27,500.016
27,875,851

—

Anction Sales. The following were sold at auction reSon, 12 Pine Street
cently by Messrs Adrian H. MuUer

..

8,160,170

Sharet.

299
15 Wational City Bank
5 broudway & Seventh Av.

26 Chatham National Bank.200
163
6 Niitionui Park Bank
129
2 Biink.Sta'eof N. Y
2

L't Co.,

ing Co. of New Yorl£....102>«
75 Nat. B'kot the Republic. 127»3
7o. 9 ah
2,000 Sutro Tunuel Co

N.Y.108

21 Central Piiik North Jc East
117
KlverKB. Co

8,159,661

195

RK. Co

100 Brush Electric Illuminat-

Leather Mtr-.' Nat. B'k..200

20 Mutual Oas
Total

&

Sha*'e8.

A

Cincinnati New Orleans & Texas Paciflc—
press
dispatcb from Cincinnati reports that Major Frank S. Bond,
President of the Queen and Crescent Sysiem, has news from
Vice-President Ch-irles Sohifl of two more contracts made in
London for 60-pound steel rails for the Alabama Great
Southern Division, The additional contracts call lor 2,000
and 3 000 tons respectively, for immediate delivery at New
Orleans. This, with the 4,000 tons previously bought, will
lay 100 miles. Tiiese rails are received by way of New
Orleans. Th>-y are delivered on the division where tbey are
to be laid at about the price American rail manufacturers ask
at their mills. It is regarded as significant here that English
rails are being purchased.

Concord.

—The Boston Traveler eays:

"A

matter of great

interest to the stockholders of the Concord Railroad was informally oiscussed by some of the largest stockholders of the corporation in Concord yesterday. It is the question of the
advisability of declaring an extra dividend or of doubling the

United States Oovernment and other desirable

SECURITIES
FOB

INTESTORS.
All stocks and bonds listed on the
and sold on commission for cash.

New York

Stock Exchange bonght

Deposit accounts received and Interest allowed on monthly balancet
subject to draft at sight.

HARVEY
28

FISK

Nassau Stbkkt,

&
New

SONS,
Yobk.

^ ACOCBT

THE CHRONICLE

91, 1886.]

%hz

Iganbcrs' ©a^ettje.
BIVIDBltOB.

Thfl follotrtnit dlrtdaada

hare rMentlr tMen annoimeed:

OtU.

Ballroada.
Bonnd Brook (qaar.).
Iowa Palla A SIOUX Cltr

I>«l. tt

Tke

When

BooluCUma,

Payable.

(Doifi ineJufive.)

9

An».

17

l>9

Stpt.

1

Aug. 15

to

discount; St. Louis, 50 discount;

OS

—

qooted at

S^S

per cent

Bank

of England weekly statement on Thnrsday showed
a gain in specie of £849,000, and the percentage of reserve to
liabilities
41 1-16, againtt 48 last week; the discount rate
waa unchanged at 2^ per cent. The Bank of Prance gained
*,W0,000 fr.ncs in gold and t,MO,000 francs in silver.
The N>^w York Clearing House banks, in their statement of
August 14, showed a decrease In surplus reserve of 11,435,025,
the toUl surplus being ^7,813,225, against $9,M7,U0 the

wm

Chicago,

—

United States Bonds. Government bonds have been only
moderately active the past week, and prices quite weak, in
sympathy with the other markets.
The 48 and 4is declined 1
per cent from the quotations of last Friday, but recovered
part of this loss later.
The Treasury department has issued
another call for the 3 per cents, retiring $15,000,000 on
October 1.
The closing prices at the N. Y. Board have been as follows :

WALL, HTKEET. FRIDAY, Aasaal -iO. lMM«-3 P. n.
Honey Market and Financial Sitnation.—The

priDcipal topic of the week bu beea the reaction in stocks,
ariuDg from ibe anusoal itriogency in money. The rate of 1
per cent had so long prevailed that stock operators of the
present day bad almost forgotten there ever was a 6@7 per
cent money market, and the recent advance quite took tht-m
by surprise. The highest rates this week were reached on
Tuesday, when 15@26 per cent per annum waa paid in exceptional cases; but since then rates have been easier, and to-day
the maximum was 7; it should b« understood that the low
rates of l@li per cent quoted at some time each day
sigoiticaiice,
as
thcM prices merely indiDO
have
cate thai when brokers were nearly all supplied, the
money lenders took anything they could set for one day.
Looking beyond the present moment, it is aifficult to predict
the prrwpects of the money market during the autumn, as there
are at lea»t three important points to be coiuidered 6nt, the
extent to which funds will be drawn to this centre by a 6 per
cent rate for rail loans, and this includes the matter of gold
imports; secondly, the efiFect likely to be produced by the
large bond calls of the Treasury, and how far the surrender of
bonds held b; the thanks may lead to the contraction of their
outstanding notes; thirdly, th« effect of the recent silver certificate law, which authorixea the iaaue of small certificate*, and
may enable the Treasury to get out and keep in circulation a
large amount of this clasa of currency.
In view of all the
circuniataaces, it is impoasible to forecast the future with
certainty ; but it aeems highly probable that rates for money
will at least range at 4®8 per cent, even if there ia no troublesome stringency in the market.
The open markc. r«tes for call loans during the week on
toek and bond collaterals have ranged from 1 to 13 per cent,
bat aa high as 10^90 per cent was bid on Tueadav, and to-day
the raica were 4^7 per cent. Prime commercial paper is
Tlie

count, bank, 50
70 discount.

211

IntertMtl
[Periodi.l

Aug.

Atia.

Aug.

Aug.

16.

17.

18

19.

20.

UO»e*H0ifl '110»g •109 1« •loo's
in%i«lll'4 iim *110><| '110''8

4><S.1801

4>Al891
48,
4e,

Aug.

1907
1907

I2e38,*l26»4' I2ei8 •12.^%

126Se 126>4
IGOVt-lOoJ*
126 rize"*!
128 "i^gij
130 •131>s
132
134
13614 !*136

3a. option U.S..

es.oar'cy, '95.,
6a, our'cy, "96
ea.our'cjr, '97..
6«,curVy, '98..
60. ciir'i y, '»9..
,

V

126>«
126
100>»

12.=i-'1»
WS^I,
)00>4 •10tJ>8

12fl

128
130
i:-.2is

134

1

-124
•125
•127
•129
•131

1

126
128
ISO
132
134

momlnx board no $ate waa miule.
State and Railroad Bonds.— State bonds have had
TUia

*

IS

tHe pnoe bid at

tlie

:

a

comparatively small business, the total transactions bein>r $10,000 North Carolina 68, 1010, at 129; $1,500 do. consol. 48 at
lOOi; $20,000 do. special tax at 10; $50,000 Virpnia 6s,
deferred, trust receipts, at 12; $34,0C0 South Carolina 6s, nonfundable, at ,6: $66,000 Tennessee settlement 3s at 77^-80;
$6,000 do. 69 at 105); $1,000 Missouri 6s, 1888, at 104.
Railroad bonds have been comparatively inactive, and the
business has not been large in any class except Erie 2Js ex-coupon. The tone of the market has been decidedly weak, and

most classes have declined, some of them quite sharply. The
may be attributed to the same causes which have
affected tlie stock market.
The Texas & Pacifies have relapsed
into dulneaa, and have declined a little, while Erie bonds have
been weak on a large business. West Shore 4s have also further declined.
Late in the week a reaction occurred, and some
of the most conspicuous cUssei recovered most of their decline.
The closing prices and range of a few leading bonds are annexed
decline

ataelng.

Kame

Mange tUnee Jan.

1,

'88

of Bond.

Aug.\3 Aug.iO

E.A West.—
2dcon«oL 6a,ex.Jane,'86,ap 103
Fnodrdeoup. 6«
98 >•
102 >«
WeetabonsKi>ar.4s
Texas A Faeldo Rliw, 6a, ep. oflL
(18 >•
53
Do do Inc. A land gr 7a
do K. III. <k lor. 6*..
5^%
Do
V. O. Paalflo, lat 6«, coup. off.
77

LotfteL

Higheet.

N. Y. L.

East TViin. Va.

Do
N. Y. Cb.

di>

«

Ua.

5istr. rets.

Ino trust rvoclpu

A Bt.

1^. Isttfs.ir. rec,

Ha Kane. ATexaa, gen. A*
Do

•

do

KMI.

ft*

•9i

26

M\^
05

fl^^

101%
93 >a
103

761^ >Ln.

77>4Teb.
Au«.

I

'

llM'T,

69%

45>sJiui.

65

34

B8H

34>sHar

77 %
Oil's
2rti.j

05 >•

94\

82i4

Bid price do sale.

Hay

102>a Ad«.
9ti«i Har.
10.)

June

72

Aur.

HI I4 K»g.
I

6l>4Ang.
MO Aug.

51 Jan.
68 >i Jan. 1<JI>S Aug,
17'8 Mar.
28
Aug.
9914 Jnir
84 May
8708 May
07 July
•414 *11K.
72 «4 M«v
I

;

—

Speculation for
Railroad and MlBcellaneons Stocks.
week commenced on Saturday, the 14ih, with an
prerioua week.
extremely dull and featureless market, and this condition
Tne following table showa the changas from the preriotia lasted until Tuesdsy, when more activity was noticed, accomweek and a comparison with the two preceding years in the pan'cd by the active marketing of stocks and a somewhat
shirp decline. On Wednesday, however, the downward turn
averagea of the Mew York Clearing House banks
reached its climax, when there was a very active market and

va

Osiki'iissi

Amr.lt.

ISM.
Aug le.

lass.
Aug. IS.

•us.arn.ioc Dae.«S.On,»00 •314,0«0.6OO 9287,640.000

•pMla

8Ajiea.iou toe.
Tjrai.ooo Dee.

CTniBlllna.

SSS.IOO
1

1

15«.ttl&.7a

77.UI 1.200
i4.S2S.eoo
306,601.300
33.1««.(KM
•76,672.800
100,211,100

•S9,5ft8,<<Ta|

»32.538.300

lu.eii.aooi

1.700

•.Mtf.fl

S6>.M3.aoO l>M. 7.!k42.30O 388.23 i<.3<l(
at.i»e.ioo Oae. 3,60X700
42,004.10
Baaarr*hai4.

••3,31S.»70 Om.«1.MA,S7S
M,AU.20U OaSk 3,320,eOJ

fcrplM.......

»7.a ;».»»;> oee.<i .43s,o3.%

•l-7.0.)0.8

Esekaage.— Sterling exchange has been

and rates somewhat weak, being still influenced by the stnngenry of money.
Some further shipments ol gold from the other side nave been
reported and the amount now afloat is about |t, 125,000. The
PMted rates were reduced early in tlie week half a cent, and on
Thursday some drawers made a further reduction of one half,
the rates to-day being 4 88 and 4 84.
The ratea of leading liankers are aa foDowi
dull

:

Demand.

AMifvtt 20.

rruaelMaken'sterUnc Ullaoa lAndaa..
4 84
4 83
fMssseiwisielal
4 7B>t*4 80
4 7B »* 7nis
6 2AH»ft 20 S 23'-«*5 92lg
t

gUdars )

irmmKB fralehaarkst.

S«%«30^S

)>»i>i(»40iia

To-day the ratea on actual buatnaas were as follows, via.
Bankers' 80. lays' ibrriing, 4 81)04 81i; demand, 4 88i@4 83).
Oablaa, 4 83^(^4 HSf.
Commercial bills were 4 70t®4 80.
Contiiienul bills were: Praaca, 5 8908 SAf and 5 82i; r^uh-

the

declines of greater or less importance throu)>hout the list.
Everybody seemed to have turned bear for the time, and there
was a rush to sell, which carried all stocks down considerably,
though the greatest declines were in Lackawanna and the
grangers, and of the latter class the Omahas led. This weakneM;*a]>iae from its being so marked, was all the more noticeable from the lack of sufficient cause for it in the condition of
affiurs, there being nothing new, beyond the money stringency,
to affect the market so seriouily.
It was l'<rgely due to bear
pressure, and was speculative in its character, a Kood part of
the sales being reported for tbe short account.
The influences
brought to bear against the market were the continued pressure
the money market and the speculative rumors in connection with pool affairs, more especially thore growing out of
the trouble between the Baltimore
Ohio and Pennsylvania
roads.
Cutting of rates has been charged as usual, but nothing
serious of this nature seems to be definitely placed, and the
meetings of the different pool committees this week were har-

m

&

monious, and agreements were made to maintain rates.
On Thursday a reaction from the decline took place, and
nearly all stocks recovered a part of their previnuj loss, the
recovery being attributed to the natural reaction from the
sharp decline, together with an easier money mnrket, and the
reports of shipments of gold to this cotutry from abroad. This
improvement continued to-day, and with a good deal of
covering prices advanced quickly, and closed at or near the
best figures of the day.

There have been few special features as there have been
L'ickawanna was
very few items of news beanng upon stocks.
and 04iOM} guilders, 8W|08e} and tO®40i. conspicuously active and very weak and irre);ular, due to
The foliowiog Were tne nnx of domestic exchange on Mew speculative operations. The financial troubles at Boston and a
Tork at fhp under-mentioned cities to-day: BaTannah, buying very strini^ent money market there caused an erratic movement
pari in New York and New England, and also affected the Northern
i discount, selling i prernium ; Charleston, tmpng
•ailing
prtBBinm; Mew (Means, commercial, 100 dlt- Padflca and Oregons.

wiu. MiOMi

id

;

THE CHRONICLE.

212

[Vol.

NEW TORE STOCK EXCHANGE PRICES FOB WEEK ENDING AVGUST

30,

AND SINCE

HIGHEST AND LOWEST PBICE8.
STOCKS.

RR.

Active

Stocks.

Canadian Pacltlo

Canada Southom

Central of New Jersey
Central Paclflo

Monday,

Aug. 14.

Aug. 16.

66B8
4418
541s

66IS8

661a

5Di3

54% 55%

43

43

4314

-9

Chesapuake &Ohlo

Do
Do

Batniday.

44%
95i

•16% 17%

iBtprel...

•10

Zdpref

12

44
*9

66I2
4413

66I4

65I4

65%

43

44

42

43

51''8

53%

53% 55
42% 42^8

4314

•8%

9%

16% 16%

*10

66%

•16
•10

12

142
OMoago <& Alton
Chicago Burllnstton A Qulnoy 136 I36I4 135 1351s 134
CMoato Milwaukee & St. Paul. P2i8 921a 91% 92% 90%
121
pref. 12138 121%
Do
11358 114
113% II4I4 112%
Ohloago & NortUwestem
143 143
142
pref. 143
143
Do
125
Ohioago Book Island & PaolUo. 126 12612 125 126
CUcago St. liOula & Pittsburg. -13
141a *12ia 14
32I4
•32
pref. •32
35
35
Do
47 13 48ie 46% 47'?8 45
Oblcago St. Paul Minn. & Om.
pref. 10908 110
108 109% 108 14
Do
5714 571*
57% 58
57
Olevelan d Col. Cln & Indlanap.
29% 29%
OolumbuB lIocklDK Val. ifeToI. 2914 29% 29
129''6
128
West
Lackawannaife
130
128%
Delaware
1291a
30 14
31
31
31
Denver* RioU.. assessm't pd 31
6I3
6I2
6
6% 6 .
East Tenn. Va. & Ga., ass. pd.

Do

pref., ass

14% 14%

pd.

& Terre Haute

Fort Worth A Denver City
Green Bay Winona & St. Paul.
121a
36I3
Houston & Texas Central
136
miuois Central
iBdlana Bloomingt'n & West'n
9
Lake Erie & Western
86''8
liake Shore & Mich. Southern.

Lon^

•94
45ie

Island

14%

20
l2»a

38
137

I214
'35

136

9%

87%

Mlolupan Central
Mil. Lake Shore & West

66

Hemphis & Charleston

Do

91%

pref.

20
45
32

20
45

,

Hew York ANewEngland

*673

pref.

*20ifl

*16

Horfolkft Western
Do
pref
Northern PaolSo
pref
Mississippi

Ohio &,
24%
Ohio Southern
32i6
Oregon <fe Trans-Continental
Peoria Decatur Evansville
27
Philadelphia & Reading
2612
filchmond «fe Danville
140
Klohm'd <fe West P'ntTermlnal 2319
Bochester & Pittsburg
Borne Wateitown &Ogdensb'g
28
Bt. Louis & San Francisco
pref.
57
Do
,

'

II
Igt

69

Do

pref
Bt. Paul Mlnneap. & Manitoba.
Southern PaclttoCo

Texas & Pacific
Union PaolUc
Wab. St. L. &P., P.Com.ropts

Do
pref.
niscellaneons Stocka.

Colorado Coal & Iron
Consolidated Gas Co

108%

American
United States
Wells, Fargo & Co

21

62

8%

pref,

& Big Sandy.

Harlem
Cent leased line stock
,

Manhattan Beaoh Co
Morris* Essex
New York Lack. & Western.
Oregon Short Line
Pittsburg Ft. W. & Chicago.
Quicksilver Mining Co

*

pref.
receipts

Iron

15% 15%
'7%

9

83''8

84''8

94

94

42% 44
50

50

131% 132

19%

20
*6'8
7

., ,.

6^8

21I4

44%
27% 27%
59% 60%

42%

44

88% 89
19% 19%
42

43

29M 30%
107% 108%

16

321a

3214

28 14

28

28%
26%

26I4

7

17
44 14

27%
58% 59%
2714

•15% 16%

30%

3178

27

28

25% 26
136

140
2812
5

28% 28%

28
67

28I4
56^8

28

5

110

74

73

39% 41
19 14

19

6%

6''8

19

19

14% 15%
41''8 42%
26% 26%
57% 58%
24

15% 15%
30%
26% 27%
24
25%
29''8

•'8

140
28I4

4%

4%

26%
55%
108%
46%

26%
56%

134

27%

134
28

72

28%
57
110

46% 47

25'e 27%
53% 54%

109

109

109

32''8

31

27%

28

25% 27

7914
98I4

8OI4

79

28

128

50
19

•18

I9I9

151
*20

96
14
'140
31''8

8001 38

16

650
900

8%
16

8%

4714 Aug.

May
Apr.
8% May
7

13

11

128

128

125

5D

8''8

84% 85%
44
52
132

45 14
52
132

77% 78

63

86

65
89

19% 19%
41% 42%
30
30%
108
'12

IO8I4

74 14 75 H

40% 41%
19

•12% 14

200
600

19

12% 13%

914 Mar.

32
80

219

15

May

6,450

I514 Jan.

8

Jan.

914
I914

32%
75%
41%
19%

33% 92,185 22% May
75% 3,810 50% Jan.
42% 56,626 30% Mar.
19%
657 15 May

1,760

710 11

•6%

6''8

19%
15%

20

21%

16

16

43 1^
27

43% 44
27

58 14

5914

23''8

23''8

59%
24% 24%
300
15% 15%
500
31% 31% 31,870
29% 30 14 48,120
25% 26% 8,025

30% 31
27% 29%
25% 25''8
135

135

6^8

7%

27 14

58''8

140

28% 28%

28%

26% 26%
55
55%

27

5%

108

'4%

140
29''8

5%

32

27 's
56I4 58
108 108%
lOH
5II4
48% 50

112% 112
38

14%
54%
18%
33

26% 27%
79% 80^
93
98%
21% 21%

4%

9
I914

1,110
2,250

200
27
4,480
9,495

895
3,231

359
113

38%
14% 15%
54% 55%
19% 19%
33
34%
38

27% 28%
80

1,000
2,650
1,300
10,300
6,635
52,946

June 18
Aug. 6
Feb. 17
135% Feb. 13
31% Aug. 12
6% Aug. 7
15% Aug. 7
90 Aug. 2

116

61%
38%

25% Feb. 1
13% Aug. 20
37% July 20

8OI4

1,975
1,800
22,223
61,695
3,735
13,481

9,615
6,444

6

143% Feb.

9
5
5
9
100 June 21
47% Aug. 6
56% Aug. 2
133 Aug. 16
40 June 23
83 Aug. 3
71% June 3
95 June 10
23 June 9
28^8 Jan.
18% Jan.
9014 Feb.

51% Jan.

Aug. 11
Jan. 11
17 Jan. 5
65% Aug. 20
111% Aug. 11
10 Jan. 5
23 Jan. 5
34% Aug. 11
78% Aug. 11
47% July 28
21% Jan. 4
8- Jan.
2
24 Feb. 9
18% Aug. 6
47 Aug. 6
29% July 27
62 14 Aug. 6
26% Mar. 5
19 Jan. 4

Mar.

Feb.
Jan.

8

Mar.

25
22

Jan.

25
16

Mar.
Mar.

128

7%
102
I914

92

92

3%

6I4

•5%

3%

6I4

151

Sl'Je

•20% 23
97

7

*23

27

•20

84T8

714

714

•125

7%
•100

100

•4
'22

31'8

24

*3M,
•5%

20

•314

6I4

'5%

7%

8%

93

152

152
25

May
53% Mar.
19% May
13% Mar.

35% June 21

30 % Aug. 20
31 Mar. 8
July 1
27% Apr.
38 Feb. 2
Feb. 15
3% Jan.
5
25 Jan.
79% JiUy 8
29 14 Aug. 9
17 May
58^8 Aug. 11
37% May
97 May
114% July 15
37 Jan.
67 Apr. 12
114 June 16
99% Jan.
106% Jan. 19 11878 Feb. 25
30 14 Mar.
41% Apr. 24
714 .\pr.
17% Aug. 11
4414 Mar.
59 Aug. 6
2014 June 23
12 May
23% May
35 Aug. 11

18% Feb.

75

Mar.

21

May 4 30%

7478 June

97
106
•28

8%

17% 17%

53% 53%

55

52

These are the prices bid and asked; no sale was made at the Board.

24

8%

17% 17%

52

106
30

147% 147%
•4% 6''8

7
26
18

I8I4

133 119

1.50

3 111

Aug.
Feb.

24

17% 17%
'52" "52

Mar. 26 130

6
8
13
6
23
2
9

9

12
10
26
June 22

8478 Aug. 18 9379 Jan. 14
7 May 4
9% Jan. 5
96 Apr. 30 lOli^July 23
50 Aug. 14 75 Jan. 7
11 Feb. 13 19% July 29
131 13 Mar. 24 22% Jan. 5
13 150 May 6 162 Aug. 14
200 70 Jan. 18 95% July 29

50
223
50
177

200

6I4

14

17% 17%
19% 19%

55

93

3%

106''8 lOe'^f

•24

8%

50

'140

*5

26

50
19

21

143
108

148
6

130

101% 100% 100%

32%

'

127

•20
•95

14
*140
'106

31^8

128

19%

18% 18%

96% 96%

97

13% 13%
148

•5

128

84''8

•15
I914

162

24
240
97
14
143

•125

4

33

114%

May

17%

5

30% Aug. 7
50% June 18

100 25 Mar.
134% 136
348 134% Aug.
16% 17% 1,480 12 July
9% 9% 1,950 714 July
85% 8678 144,805 76% May
95% 95%
214 80 Jan.
45
45% 27,715 33% May
52% 52%
900 32 Mar.
I3214 133
6,075 120 Jan.
600 29 May
78% 80
4,114 61% May
65
65
200 22 Jan.
88
88
2,400 5014 Jan.
19% 19% 1,150 16i4Mar.
43
43
3,300 40% Mar.
30% 31% 34,635 21 May
108% 110
4,008 100% Mar.
-12
15
11 Mav
64
65% 8.900 43I4 Apr.
109% IIOI4 70,193 98% May

19%
15%
42%
26%

50

4

3

57% Mar. 3
44^8 Aug. 4
I314 Jan, 8
21% Jan. 6
ISH Feb. 13

Mar.

•'s

*14

*5%

44%

4214 Jan.

99% 99% 11,165 87i4Jan. 18 108% Feb.
99% 97
98%
22% 22%
200 16 June 8 31% Mar.
103% 105
IO214 103
104 104''8
101% 103
7,235 93 May 4 109% July
1061a 105% 106
54''8 55%
5714
56% 57% 56
55% 56% 26,930 49 Feb. 23 67 Jan.
56% 54I4 56
136
132% 133% 133% 133% 133% 133% 132% 132% 133 133
728 L28 May 3 13778 Feb.
66''8
65% 66% 65
65
63% 64''8 63 '8 64% 64% 65% 66,802 60% June 9 7578 Jan.
137 140
143 138 142
140% 141
85 140 Aug. 18 150 Feb.
140 140 •137 140
106 108%
108 •107 109
108 108
109 109
250 101% Jan. 28 111 Aug.
108 108
•63
60 64
65
65
63
62
64
62% 63
62
302 51 May 15 66 Feb.
99^8

•7
'100

.*3i8

S'^s

46% 46
46% 47
108% 108% 1081*108% 108% 108%
114 114
113% 113% 112 112^8 112
37% 37''8 37% 37% 37% 37% 37%
14''8 15%
14% 15
13% 14% 14
55
56
53% 5514 52% 53% 5314
19
19
18% 18% 18% 18% 18%
32%

162

•4314

10

68% July 14

Feb.

34% May

54 14

72

28%
8OI4 80%
99% 99%

50

134% 134%
16
16%

•4%

•414

32% 33%

80%

12%

8I4
8%
8% 8%
18% 19
20
30% 31% "31% 3214

-23

16

47
110

109

19% 20%
1014

31''8

12

37

281a

'230

A

I214

76% 78

8% 8%
19% 19%
31% 32%
74
75%
41% 42%
19% 19%

8%

241a

267e

13
32

15%
15%
63% 64% 62% 63 14 63
63%
108% 109% 107% 108% 108% 109

20

Air-Line, pref.

Burlington Ced. Rapids & No.
Cedar Palls & Minnesota
Central Iowa
Chicago & Alton, pref
Ciuciu. Ind. St. Louis & Chic
Cincinnati Wash. & Baltlm're.

Tennessee Coal

9

43% 44%
30% Sl'^s

63

Atchison Topeka & Santa Fe.
Atlantic* PaclBc

Do

12

34

65
128

Blohmond A; AUeg.,
Cameron Coal
Homestake Mining

16%

79
65
90
90
19% 20

IIOI4

32% 33%
75% 76
42% 43%
2II4

13
32

37

78
65

44%
32%

20

7
21
17

61

53 14

20

36
136

27%

Inactive Stocka.

Illinois

3214

3314

'138
'107

Ellzabctht. Lex.

13

56 13
19

8OI4

Adams

*20

44

17
12

1,800
13,255
21,202

EOghest.

89'8

56
19

.

A Pittsburg

140

9
•15
•10

66% 66%
44
44%

Lowest.

1886.

i

132% 133

80%

33%
76%

II313 1131a
38
38
14^8 1514

Delaware & Hudson Canal...
99%
Oregon Improvement Co
Oregon Railway & Nav. Co.
106
PacBlcMail
56%
Pullman Palace Car Co
1331a
Western Union Telegraph....
661a
Exprens Stocka.

Cleveland

140

13

85% 86%
95%
43% 44^8
53% 53%

133

9
21

pref '109 12 llOia

46I3

Do

16
12

Shares.

1,

22 138 May
146 Aug. 11
134% 133% 134
135% 13R% 8,310 128% May 15 140 Jan. 5
90''8
90% 91
91% 92% 134,035! 82% May 4i 96% Jan. 2
121
120 120
I2014 120%
806: 116
May 31125 Mar. 3
113% 111% 112% 112% 113% II314 114
72,580 104 14 May 4116% June 21
142% 141 141% •141%
143 143
875 135 Jan. 181144 Aug. 9
126
I2414 125% 125
124% I2514 1,445 120% May 14 131 Feb. 17
125
91''8

94

45%
53%

91

110% 109%

43
43%
27 13 27%
60
60%

,

Do

& N. Y.

16
9

11

68
91

3214

43% 44 14

Kew YorkSu8q.& Western..,

Boston

135

109% 109% 109% 108
•14
16
15% •14

*19% 20

Blew York Ontario & Western

Do

*66

9Ii6

Missouri Kansas jcTezas
10913
Missouri Paelttc
*14
Mobile & Ohio
Kasbv.ChattanoogatScSt. Louis *62
New York Cential & Hudson. IIOI4
*8%
Kew York Chic. & St. Louis. .
pref. •19=8
Do
Sew York Lake Erie & West'n. 3318
76I3
pref
Do

Do

8OI4

pref.

HbmeapoUa&St.LiOuls

Paul & Dtduth

8I4

16

10

36
7912

Do

Bt.

36

86% 87%

45%

45
52
13112 131% 132

&

38
136

96

Ix>iusvillei& Nashville
Cliloago...
liOuls. New Alb.
Manhattan Elevated, consol..

8%

•42

Aug. 20.

1886.

134% 133

12% 12%

12%

16% 17%
11

11
144

66

44%
52% 53%

Week,

•30
32
32%
34
26% Mar.
46% 43
45
43% 44''8 44% 45''8 42,233 3514 Mar.
108% 107 108% 107% 107% 108% 109
4,082 97 Mar.
58
57% 53 '8 55
55
56
58
4,550 43% Mar.
2914
28% 29
28% 29 14 29 14 29% 6,295 2678 May
129% 125% 128% 126 127% 127% 129 210,337 115 Jan.
3II4
29
30
29% 29% 30
30
1,205 21% May
5% 6%
6%
5% 5''8 6
6% 5,220 4% June
I4I4 I414
I414
14% 14% 14
13% 14
2,090 11% June
88
88%
89
88
300 67% Jan.
88

.

Evansvllle

9%

17%

41% 42

65^8
4314

Friday,

1,

Range since Jan.

Sales
of the

Wednesday, Thursday,
Aug. 18.
Aug. 19.

Tnesday,
Aug. 17.

JAN.

ZLm.

2% June 10

5 July
20 146% Jan.
16 Mar.
21314 Mar.
230 93 Jan.
319 13% Aug.

13
16

ia2i4 Jan. 9
20 100% Jan. 20

200 19% May
160 141 Jan.
4% June
200 20 May
200
2 May

8

2
2
17

9

3
Jan. 13

190 17
400 38

Mar. 13
Mar. 25

1.007

4% June 11

2
7%
11 153
24 22
31 240

June 10
Aug.

2

Atig.

4

Jime 30
100% Feb. 26
21i4Mar. 6
144 June 8
109 June 1
33% July 26
150 Mar. 6
Jan. 6
8
29 July 16
10% July 2
21 June 1
23
56

Jan.

6

Aug.

6

AvarsT

THE CHRONICLR

21, 1888.]

AUOUST

qUOTATIONS OF STATE AND BAILBUAU BONDS,
STATE BONDS.
BKCCRITIES.

Bid.

AlatMuok-C'lMa A. 1M4.

106
107
loa
107

0UmB,»«.1»06...

OUm C.'t^ IWW "IIII
•l lO-WOMM

BBCCRITIBa.
MlaMmil— te
6a,da«)W8

8XCUR1TIB8.

......

K. OaroUnk—ConOnnsd—
BpeeUl Ukx, Claiw 1..

104

10

I

U2S

.

1S9S

6«.lotta.

l(.CmroUii»-««,old. J.AJ.

Faadlnx

78 >.

Mit.

......
......

22

72

0'mff'mlae.S-4.».a«.l»l8

new, 1866
6a,oon80l. bonds
6a,ex.'natnT«d conpon
6a, conaol., 2d aenea....

n\

47

ea,

6a,delerred

,

Dlatrtct ot Colnmbla—
»-66», 1924

76

I

1913 103
100
79
47
,

iTBlnla—6a. old

CaroUna—
1888
6N 6^
Blown eonaol'n 6a, 1893 106 110
62^ 66
Trnnwaaiia 6ii. old,189a.8
•,a«w,lW2-8-1900
62>i' 65
62 >a 65
6a, aaw aerlea, 1914 .

'

New bonds. J.AJ.. '•9.8

Ss,igi3
3a, 1913

6a, Boa-tiudable,

3.1

I

1900

Naw settlem't— 68,

10
11
•99 101
126 130
101 >i
Rbode laL—«B, ep.,] 893.4 130

Soatli

112
115
120

!

Aak.

Bid.

-'ontlnned-

u, 1910
1919
Ohlo-6B. 1886

116
randlnc. 18M-M
Baonlbal A Bt. J&,-8«. 101
>i>» H*w Vork-«% r^., 1887' 103

a«,Uiu.lWl
••.UMa.l8M

SBCUBITIKB.

Bid.

6t,

IS

^

20, 1886.

Uonaoi.

aiv

17
l(*mD.AI.Roet
[.Rock RB 17
T*. MamD-A
17
Ti,L.R,P.B.AN.O
17
Tt, MlM. O. A R. R. BIL.
•
t*. Ark>B«u('m>t. RB.
lis
eaanH^-lt. gtdd. 18M
III
-7., jMa..l»>«
77
.**.

w—sn;

Aak.

••,taal88»orl890.
107
Aiyl'm or Uatr., dne'M 112

•

irkftua*— u, traiuA..
Ft 8 Ts, L. Boek A Ft.

Btd.

102

1887....

213

rnndloKts,

100
64
65
11

67
la"*

119i«

189<)

,

RAILROAD BONOS.
SBOURrrxxs.

BKL

8ECCRITIB8.

BAllroad Bond*.

lat. ozt., 7a, 1891
7a, 1894

-.
..

Sana.

111

Ma.A8(.L.— la«,7a,n
J. a»r A WaaC-laO*
I.bSi.F.A M.-lal.6a 110
103

JSO^IMI

A P.-Caaa.8a

MaaraLCa. 1»«4

104
93 >a
'ۤr9ft'^''
OMtrai Iow»-lat.7iL-»9f 108 >
6l»

Xaat. I>lT.-l«t.6a,l91S

JIL Wt.. lai. 6a, l4lt^ ,-,,
kA O— Par. a.M.'M *U*

%

mA.,1MS.
mB.,1(MI

aasT, 191R

lfan«aca,H,1911

A Mar.— lat,op.,7*

DaBT.A Bte Or.-lat,. 7a

I0»
100

tttt.

8s.

120
143
118

144
isa

.

l«Q

128'

lis

-1,4<M 1923.1

iii"

A Altas-lat, 7a.-«]

aktwitand. aa. IMS Its
IA.A Ba. BtT.-lat,7*. ISO
•«,7a.lUO0
mTL Jack. A CMo—lat ISO

106
1S8

IM
1-

:«.r.l..K.AW.-»-wMas •.-

PiMa4a,19*l

''' •
,

Enoa A I Ddpa.-! at aona

' 109

S

l|«6si Pt.W.A I>aB.C.-lsL«a...

A CoUia, 1934
A IMS M.-lat.»<
OsLof !(.i.-I>t,7%,-«o(

i;''
A"

ad,7a,IWM
Waat.M*.-l«t,Sa

••

M.a09Sl

•t.7a,7<

ir^BMW.AM.P.-lat.6a ;••-'<>«
iaUCaLA8.Fa.-7a,190H }*H'»;;-,-.
OaU.d«.ll»3
1 :oo {l«l>s
138
Utm.a -

OBvTiabaal^la, IM*.

lAk.AW.B,-C0S«VJM
Am. mtAlaia.-«akl9U

ill

A
A

UaMi
a.A 1-1
I

}at,w«ai«rn lnt

IMy
,1.

lM.WaMAHaL.7al
M. mail ..lljlaa. Hai

'JOS.

110
109
103
:os

lauKAW.-

lams. B. AW.Tax--] ai.T
il-Ca*.— lat a. 4a, 18S1..

M.. ;«,l<'

D,7a,lW>'

108

(M4,Si»,79«l

7>,1V<J

Baol.7a,19a6
:13IS
Jisa
l,7a.I.AD.Cn.,19a>t,
,S.W. UtT.,«a.i90» 'iM>S

•iVi"

laot).

113
1II>I
lu7

.

rA

OA

WU^
A

X.Pao.—O.Lar.,lst,e

kinafnaOarim.

IM^

OaD.,3d.R^6a,l

lae

Makinc rud,Sa,19S».

i«rT"<t
109 la

IMS
no
100

as r«an4a(i_ia.l909..

ff o.

A A.. 7a.

BaCAMrta-Hsw k^7a

t

"96'%

Iin,AKxt.-<^

.

—
.Ss.

68
109
113
116

139 >s

77% 78

•108^

98%

lis'

0X!.C.AlB4->-Wt,7>,s.rd.
Oaaul 7s, 1914
6mmt itrnk. ML.7a,1914

'IM
10*

OaaaaL Oa. 19*0

"

I..

ma

SaLWl*.

.

i'li'ii

.

A

[.saUT.A .S.-Ceaa, 7S/98 130
lis
OaaiUaa Bfsh. -7S.1907
If .O.AMab -ls«Js,1930 i'lii' 1031
93
89
ad,«s.f9S0
...
mTu. A N.-la^Oa, 1919 112
105 106
OaMnLSa, IMO
90
Paasanali DlT.-6a,1930
M.t,.Dir.-lsl,as,1931 luo
66
34, Ss. 1980
122
KaskT.A Dae.— lst,7a
a. A K Aim.—S.r.aa.1910
iMdar.C. A L.-6a,1931
.

I.

CUaJkW.lB4.-Ut.<.f

ass
18

k.X.IU.-l«l,a.(..
.lat, 6s. 1931

AlAM. A P.- 1 at.Sa

lot

13*

SJN.P.Ail.-la««iul918
ia.Wls-l>t.6<Ll9S0.
M.P.A<l.(-.-la«^19I!) )77S

A

.».

•••1 aan, Oa,
n*A A m. U-l st.<a, 1 91
kor I.— lal.l«.lwl»l
.

TnatbaMU-Sa,

. .

I

IDS'!

1933...

1040, Oa, 1934
1

9i,6*,l»24
" -.HAT

AAL— lst.as. cold

Pass.

88
96
90

KnaAW.-lat,6s,n>l9
'iMdaakr Dlr.-0s,1919
*L Bl. A M.-Iat,ALl91»
!

iilaT. N.

103^

A lb. AC— Ial.6a 106

uoo. said. 6a, 1910
A Tax.-lat. 6»
B'ch Oak— 7a.l9M

103
ii:><

91H

nm. n.tl.

M [Tfinl

103
119

ssf2sh:^q->.7<.
'Uo llOS
aiMts.i8a9
M«x. (oat.- lat,7a. 1911.

Ml

Ut.ll.,7s,*s.<'p..8.7.«'4

^sw sasaalod.
•

Xa peloas radar

I

Ibaoa

4a

I

38

am Meat «aotatlau aada t

ua

e.>%

R'T— lat, wTlOSn

9d,6s,10Hl

Sbanaod'bV -lBt,7s,1909
aaneral, 6a, 1921

I0«

130

iso"

HO

"7'7'%

A W.-lst, 7a, 1917
Trust Co. reoelpis

Tex. A N. O.-lst, 7a,19()5
8ablne UlT.-lat,6s,igi2
Va. Mld.-M. Inc., 6a,1937

Ind-poUs DiT.—6s, 1931
Detroit DiT.-to, 1031..
CalroOlT.-5s, 1931 ...
Wabash— MorL, 7s, 1 909

78
80
97

i'o's'

i'o's%

B., to.

63% 'm"

89%
70

83

•66%

Hi"
'as"

Sd,axt.,7a, 1893
Bqiilp'tbds..7s,'83.

.

3d. 7s, 1893

aA ToL-lst, 7s, 1890
A

iraplaa-lst,7a
III.AHn.Ia.-lst,ex.,ea

113% 114%
103

na.— Bonds, to. lU
Na.B'warfCaL)— lst,to '121
Sa Paa ot CaL— lat, Ms. ill
8o.PBe.a( Arts.- 1^ to 106%
8« Pacaf If. Max.-lal,to lot

108
93

94
OonaoL oonr., 7a. 1907 90
et. Waat'n- 1st, 7s,'8H 110% 11a

Han.

•1:1
Oal.AOrain»-lat,to 101

LoadnaM bonda. to.

123

ToLAW.-Iat,oxt..7» 111 11a
1U6% 107%
1st, St. L. DlT„ 7a, '80

ii'b'

aanbaioBr.-to.
OaL AOr.-«ar.

80

95

Tola. A.A O.T.— l«t.6«,r. 107%

HI

oBnV^dsu.to. ...

110%
89

.16

100

Sodas Bar* 80.-1 at, 6s,
Tex.Con.— 1 at,s.f.,7a, IW

110

Cnaa.DlT.-lat,OLl

96

il't"

If In's Cn.— lat, 6% 1922
8t.P.A Dal.-lat,d,1931 113

90

106

. I

133
111-

Bt.I..K.C.AN.--R.a.7s

Omslis DiT.— lat. 7a.
Clarda Br.—6a, 1019
BLChas. Bge.— lst,6a
Ifo. Htsson^-lst, 7a.
W.St.L.AP.— IowadlT.,6s
Trust Co. Reoelpts

113%
94
71

99%
103%
116%

West Sbote— 1st, gasr.,4s 101% 101%
Weet.nn.TeL— 7s, 1900 .. ..„, laa
7s. 1900,

*iai

rag

N.W.Telsgraph.-7s,1904
Ualoo Paeite— lst,to.. 115% 116% >Cat.nn.1%L-3ll.rd.6s,1911

CoLC.A Ir.Co.-lst,oon.to

ioa"
----,-

83

•*% 98

131% Tenn.Coal A Ir.— Cona.,es
120

aaaaal. .

113%

107%
113%

lstaonaol.,6s,o*., 1933

1...

lot's

Y. M. Bnh-lsC7a,V7
N. Y. B. X.B..ls<eZi|8s

t(.

110
114

US

133

Dakota Bxt-to, 1910.

iot% 106% Wab.St A Pae— Uan.,6a
104%
Tmat Co. receipts
119
CbIa DlT.-6«, 1910....
130
HsT.Dlr.-6a, 1910
119'

133

laC

106

110
8t.P.WInn.AMaa.-lat,7a 113
3d, 6a, 1909

:oo% lat, 7s, 1011
1U7% T0I.AO.C.— lst,g.,6a,1035

100

1932...

Wast,

via'

liaAMad.-lat.6<Ll90e 116<s
(m.C. p. A Ht. p.- 1 atJ^ ill^
Karth-IIL-Ui Sa, loTo.

Cairo A Pnlton— 1st, 7a.
Cairo Ark. A T.— 1st. 7a
Oen. r'r A Lgr.-6s,1031

ioB'% 80. Car.

iiw

Panawa H.t.anb.aa.1910
'
110
PaaftaDse-ABr.- lal

im'

U A Iron M t.— lat, 7a

3d. 7s, 1897
Aritaiuias Br'oh— lat, 7a

103
1st, 6s, 1931 ... 103
Or«f^BAOaL-lst,6s.l931 "9*9
0r.*TtansaT-4s/H3,1993
>i ibo'
91
1^. Co-lst. to.
91%^
111^
RR.. 2faT.— lat,6a. 110
DSbaai n, 7a. 1887
iiis'
uaaaei.. Sa,193S
..

las

ilXt't

Ut,

83% 84

Ifaw BlTar-lat,6s,t933 113

A W. Plaaaa

Sd, 7a, 1(107

99%

114%

BelleT.A 80. III.— lat, H«
BeUsr.ACar.-Iat,6a, !I2

»8%

ivi

XottA W.-Oa«., 8a,rrf31 113

lit
DaCM-AT.-Ial.7a.l9e« 110
t,aka 8kora-OtT. kaada
Kal-

iiiS

Paa.Tar.Oa.— Ist,a.,to ios% :oi<t Tol. P.
I..

lAkaSkaiaAMIak
Clara. P.

61

lao
130
96

ii'e'

...

J.O,Pm— lat,8ajr^Mot
!f .0.A Na B.— Pr.
c.,to

loay

KaoxT. A O.—TaUa,lisS

60%
i'l'o"

iamea Btr.Val.-lat, to

MSa4

ISO

•110%

7*'% 77
Trust Co. receipts
Bloh.ADanr.—Cona.,«.,6r 112 lis
1U9 110
Debentnre 6a, 1937..

;'m'%

'60'%

"ei"

A H.— 1 atJK.,4a

If .T.It- a.

A4ra«lmt. M.-7S. 1934.
OfCA LakaCb.-lat,to..
OboA
lfiaa.-OoM.a(.7s
ibo's
OoaaolMBlad 7a. 1808.
"
l7a,igil
DlT„ 7s

m

A

ir.T.A If. Bnal-d-lat, 7a.
lat,0^ 1908
N Y.O. A8t. L.— IsttoI9ai
ivtCOLroealpu
'is, 1933
oat.AW.-lat.g., to.
.»•. Y.
Hmt^. A W.— I St, tot
D abaol B ia, to. 1897t. ..
IfkOMidof .<0.-lst,to

98'

109
out. L.AN.O.--Tia.L.7a :ao
130
l,I^LaC.ADa*.l»19 'ie7s
7a,18«ft.
119
1X0
lary
lis
O- 7a. 1910
, H.
S61.'.'.;."
•.mT,«a,i9io isi
DsbTab c.-; D«T.,7s
107 loa
lis
Oad.
Mlaa- -lat. 7s
IO«S 10T<a laABLAW.-lat. pc«t,7« lUS
ItlBl PL nv..(8Ll910
'm
t>«m.mT.. »a.l9Sl hio8
lat. SAa, 1909....
K&DtT. JaJSal lot 10* «t ad.S4a.1909
77
93
Tiiaiaal 6a. ISUTT.... 104 10*
Kaatara DIt.—6a, 1931
iO«
Vkma A iTk^aaa^'aa
ladiaaap D.AApr.— lst,7a
118
BHa.
Watttwaat.
laLAOLXa.—
" "
90 <« 'iw'
.7a.ltta 140
70
,7ikl909. •US
Has. riaal lltMpd'i'a <i

MlAUaDlT.-BM.,Ss.

109%

140
138
130

120

110% 8t.UAIIflnAT.R.— lat,7a 116
HI
Its
2d, prBf.,7a, 1894
136% 136% 3il, fnoome, 7a, 1894 ...

19M

.

apdrblv.-Cp.6s,

7.-lat,lis.

BomaW.A Og.— lst,7s,'9l

M

.

70
81

.1931

AM..

T, Oaotnri—6a, 1887
lOS
Dab. earta^ axM. Sa . .
K.T.C.A H.-lat, op.. 7a 1S7
Dab.. Sa, 1904. .......
btjaoi-lat, 7a. ooop.

i'ofa'is

.

>iaLMar.AH.AnL-la«.6a

..

Kaok.

A ToL-1 at,6«

MeK. A

Coo., 1st, ext., 6a, 1933.
Booh.APItt,-lat. 6a,1031
ConaoL, 1st, to, 1933 ..
Rloli.AAUeg.-lst. 7s,1920

7...

.

FI1AP.IIar«.-MJIa,19ao 120

..

Kzt.

-

aAas,iMi

138%
130%

via
129

,1918.
irMfe.Chait. A8I. L.-I at,7s

TTBBt CaL raooipu

OJL.I. AT.-6a, e».. 1917

ta(.C.

i'la'

If oMto

liir.T.KIeT.-lst. 7s,

KT.A r.H.-lai,aoM,^'117>al....
l#7

f^ 6«, 1892

a.

Pltta.ClaTe.

"'tie'

a£tn«aae,1911

* O.-Pr.l'n.Os.'OS
tWH »X-?
Kro.A2f.-Oan.,6ail910

.

DIT'-A- U.. *s. l»l»
ataktaa find. 4a. 1919
Paaioi DiT.—4a, 19n.

107

103%

133

8t.L.V.AT.H.-lst,g.,7a
2d, 7a.l89«
24fiuU'.,7s,1898....
PInaC-k R-y-toot 1933.

loty
94% 96
83
S3>a
118^
110%

lf,AOaotMo.-lat.7a.'90

1913
1912

C1«T.
4th.

A P.—<"onsB fd-,7«

•iS*'

al,Sa.l920
Ss.1920
1904-6-6....
7fcl904-67%

Pitts.
2d, 7s,
Sd. 7s,

Pitta.

I

•'iSl:

7a

S

,

A

106

FtW.A C— l»t,7s

•US

1931
Bqalp.-6s,19aa
•to.

Mlnn-A .vT^t-.
Mo.K.AT.-OaoL.<

V.A i.-tst.7a,1916 ISA
1*«

}a4,l.

Ext.— Int.

lap.

128\

i*aLaoid,6a.l935

lOS

.

Pas.

117

v Daekb>Bdiir7a.'93

f uar. (SWl^a,-**
M.(MO).7a,l>IM....

Pa.Co.'SKnar.4%B,lat,op
Ps. Co.'a4%B,rea., 1921

PUULC.ASt. I.._lst,c,7«

103
118

BTha
lw.Kxt.-lat.7s,I910

:

lat.

OUaLBoTt.Aa-CMa
Eiakaatanri9IS

«. 7s, 1801...

Bid.

RR.—

A Okle-Naw 4a. 113
138
OaBMsnItrnat. 6a. 1893
Att.ACIi.-lst,pr.,7s.-97
>iod
1«L xMuloii.'Oa; 1037
Inoomes,190D
A Cairo—4a, Knar •78% 7S\ Seloto Vat.— lat, oons., 7a. 66
(.U
118<B MMna'siLa.AT.- lat.tta
118
StJo. A a-d Isrd.-lst, 6a 107% 08

1

M<i •6

111

19m

Aahrd DlT...Ut.ea,19aa 117<t
iaaa.ASL I..-1 •tja,19a7 188
123
Iowa Ext.-lst,7a, 1909

lafcnMil..7a,19t0..
107' 108
n«a* OS. raealpu
a&aa.Pk.A Pae.— lat,7i> HO
78>,
Daa. A RioO. Wast.-laV6a
UIH Asaanlad
70^
DafcMatik AMarq.-lat,Ba
S8
LAadKraBl,3V>, » A.
108
D««. Bar C.A Alp.-lst.6ii •106
.T.Va.AO, la».7a.l9O0| l?!"* las
Sa-Tnuirw. t<9>« 99 >a
10»>a
a^t la IS,^^^. rae. 90
76
108
DHMsMl
BaTlhSO .701., E11S.C.A n. At.dab.fc.6
l;
"iiH
"<.1990
i:o
"LABtxHaadr—
l«t.<»tta«JadT7a..
Ml. Ba. 1919

PennajrlTanU

i'i'i'
Caap. Sa,193l
Jaek.LaB.A 8a«.-6a,'91
MUw. A Na-lat. 6a. 1910 103 <9 105
1(13
lat, 6a, 1884-1913
1U1.L.8.AW.-Ut,6a,1921 119>t 120
116
Xlcb. DlT.-lat,6a, 1934

8aa4.-Ut.7«... -106

lal,caaa.,(uar.8a,1906

1919.1 >1S«
lM,aa.Pafk. Br.,1

130

OouoL.Ss,l»03....

lat,eoaa.,iraar.7a,1906i

lAOSo-

£ll. T.

A

Alb.

118

I*--..

la<,Pa.I>lT.,ep..7a,1917

8KCURITIKS.

Bid.

I13>a lUeta.Oent.-Cons.7s,190S

'---.

Coapoa.

iSS!T.A8.ra-4>i«,lM0
>BraBd.aa.
roBd. aa7l911
WakiBB
e^latBa,
Oa. 1910
kttAPaa^lat,

SKCnRlTIBS.

Bid.

OaL A Had.Canal-lat,7a

S&ilanlTniati'to.';
Do
Ss.1907
Kaas. Pae.— 1st, Ot.tS
lat, Oa. 1896
DSBT. tllT.to,aaa..'99

lat,eaaa«L,toT919.
aBr.O.P.-#.c,7».-96

lacaaia Bonds.

111

112

AtLAPac-Ina,

A

1910...
E. ni,— Income ..

111

Chlo.

116% 118
107

B.T.V.AOa.-Inc.,Tr. roc.
Or.BayW.AHt.P.-ail.lnc.

106

Ind.Bl.AW.-Oon., Inc..6a
Ind'sDecA Hpr'd— 2d,lno.
Trust Co. reoelpU

i'ds'

A*,0,AP.— lst.6s,IM6 106

AtJ.Oa.AW.-lat,to
Orac. Short L.— lat, 6a
Ut. BOL—Can., 7s,lM9

80. Pitts.— lat, 6s, 1903.

95% (tnUmt ranable if mftwI.)

iiw'

102% Lab. A WUkesb. Coal—-88
90

Lake B A W.-Ino., 7s,'99
Hsnd'kr DiT.— Inc.,1020

,„.

23% as%

36%
39

38%

34

90

Bxtan- lat. 7a, 1909
Ko. Pae.— lat. oona., to. 112% iVs'% Ls(.BLAHun.~Inc..7a,'99
124
Sd. 7a. 1906
125% MIL L. Kb. AW.— iDComes
Paaot Ma-lst,to.. 103% 104% Mob.A O.— lat.prf.,dpben.
ad,7s.l891
St.
A8. P.-3d, 611, OL A
6s,Cla8aC, I906
6a,01aaaB, 1906
lat, ea, Ptaroe C. A O.

110
118

U

qnipmant, 7s, 1805.
a*B,

inort.,6a, 1931 ,.
Bp. Pao. of Ito
lBt,to

—

Kaa. C.A 8.— lBt,6s, c
ns,AV.B.BK.-Tat,to
TM.A Pao.— laL6a,10OS
OaMoL.0a, iSrat
lacona A Id. vr.— re«.
Rio O., to, An<r. np. on
flx A tiff. cp.
Do
OoB. m. A tar. 6a Tr.r.

2d, pref.,drbenture«
3d, prof., detrantures
4ta, prof., debentures.

119
61
34
SO

117%
116% .V.Y.lJikoE..tW.-Inr..6«
OIUo.Ho— 'id.

.

0a,1921

PeortsI>.*Ev._lnc.,in20
KTsnav.Dlv.— Inc., 1920

10«%
108%
1U2%

Rome W. A Og.— Inc., 7».

8t.L.A.4T.Il.-DlT. bda.
St. Jo. A O'd Ia1.-2d. Inc.
Free List.
OslT. Il.,«II.ofH2-lnt5«
JeffcrKon KK. -iHt.Tn.'Ml)

57

y.J.»oulh'p,lnt.KllJ>.0n'9M

I

38

fdo"

So Car. KT.— Iiic.Oa, 1031

^4% 66
8«% 69'%!

•71

'so"

73% 76%
73
78%

Rocll.A I'lttali.— In<i..lU21

no
98

Inc.,

40

Oonpooa oft

37
40
70
•76

ion, 103
'99% 103

THE CHRONICLE.

214

({aotatlons la Boston, Philadelphia

Local SecnrltleB.

New York

Inenrance Stook JAmt.

ICUked thne (*) are Par. Bid.
not National.
Kxohanse . .
Broadway
Ajuer.

Batchers' A DroT'a'
Central

Obaae
Otaatbam
OtMmloal
OltUens'
Olty

Oommeroe
Oontliiental

Com Exchange*
Kaet River

Kleventli Ward*
nniiATenae*
mrst

Vonrth
Totton

eaUaUn
Garfleld

eenuan American'
Oermania*
ftieenwloh*

Hanover

A

Traders'

Irving
Leather Manners'.
Manhattan*

Market
Mechanics'
Meohanics'A Trade'
Mercantile
Merchants'
Merchants' Exoh...
Metropolitan
Kassau*

Hew York
Vow York Connty

Ask.

100 178
100 140
25 ?bO
2S 155
100 1120
100 146
25 MO
100 tlUOO
25 120
100 V86
100 IVl^a 175
100 116
100 190
25 ViO
25 110
100 700
100 ItliO
100 134 137
30 115
60 106
100 ieo
75 1U4 108
100 185
25 1U5
100 160
100 iVO
50 lie
100 1<JU
50 155 160
100 158 lti5
165
26
26 130
100 1-28
60 133
50 IU4
100 61
50 130
100 19« 202
100 :75
100 115 l'J2
100 120
70 l'i6
30 126
26 180
60 160 ;eo
100 164 167
26 140
20 108
100 126 130
100 117 125
100 107 >a
100 230
100 136
100 126
100
40 100
100

Amarloa*

Imp.

<ft Topeka— Ist, 78
Land grant. 7s

.

JJ. Y.Nat. Kxch....
Ninth
North America*
North River*

Oriental*
Psclflo*

Par*
People's*

Fbenlx
Bernblio
Bt.Nlchola8*
Seventh Ward
Second
Shoe A Leather
State of New York'
Third
Tradesmen's
United States

Bowery
Broadway

60
100
25
35

Brooklyn.

17

American
Amer. Exchange

..

80
70
100
50
100
40
100
30
60

Citizens'

City
Clinton

Commercial
Continental

Kagle

Empire City
Exchange
Farragut
Firemen's

17

Oerman-American

Germ aula
Globe

Greenwich ..—
Gnardlan
Hamilton
Hanover

—

Home

Howard

Jefferson

Kings C'nty(Bkn.).
Knickerbocker

Long

iBl'd (B'klyn)

Manufac. & Build..
Mech. & Traders'

Mechanics' (Bklyn)
Mercantile
Merchants'

Montauk (Bklyn.).
Nassau (Bklyn.) ..

100
60
60
25
100
16
60
100
40
80
20
30
60
100
26
60
60
60
60
50

156

90
146
170
176
115
116
117
30
21C
235
85

95
120
90
250
135

no

216
70
110
134
140
76
118
210
87
85

37 Hi
36

National
N. Y. Equitable—
N. Y. Fire

100
50
Niagara
25
North River
25
Paclflo
100
Park
20
Peter Cooper
60
People's
60
Pheulx
26
Rntger's
60
Standard
100
Star
100
Sterling
26
Stayvesant
26
United States
10
Westchester
WllUamsbarg City. 60

160~
97
150
177
185
120
120
126
3S
225
246
90
103
125
luO
280
140
117
230
76
114
140
160
80
126

UO

6

80
60
110
90
140
87
165
80
150
100

160
100
150
100
137
120
100
65

220
96

95
120
16
90
65
112
100
160
95
165
90
160
106
166
IU5
160
106
141
125
105

60
110
135
125
230

80
70
117
140
135
246

—

Guaranteed, 7s
Plain, 68

i

Mortgage, 63
Mortgage, 4JaS

1107

Chlo. Burl.
Chic. K. C.

Cam.

[aaa QnotaUons by OBO. H. Pebictiss

SAS COMPANIES.

Par.

Bieoklyn Grs-Light.
Oltliens' Gas-L.(Bklyn)

Bonds

26
20

*

Amount.

Co., Brokers,

P

1.200,000

8

Var

260,000 A.AO
100 35,430,000
20
756,000 Qnar.
1,000
700,000 F.Aa.
100 3,500,000 (^uar.

1,000

Consolidated Gas
Jereey City A Hoboken.

Metropolitan— Bonds

...

MntnaL(N. Y.)
Bonds
Nassau (Bklyn.)

1,000

25

Scrip
People's (Bklyn.)

Var'8
10
1,000
Var's

Bonds
Bonds

WUUamsbnrg

60

Bonds

1,000

Metropolitan (Bklyn.)..
100
Municipal— Bonds
1,000
Pulton Municipal
100
Boijuil

.....

100

XoDltable

Bonds

1.000

1,500,000

M.AN,

1.000,000, Var'fl
700,0001 M. AN.
1,000.0001 Quar,

400,000 M. AN.

100,000 A.<kO,
1,000,000 Quar.
1,000,000 A.AO.
1,000,000

750,000
3,000,000
300.000
2,000,000
1,000,000

Date.

rlod

2,000,000 Vai

49 Wall Street]

Bid.

Ask.

May

5,'86ill3
Juyl, '86 70

New 7a, roe. A coup..A fin. Mill. l6tm.,6s

84
I

East Penn.— 1 st,

1119
K.Clty Lawr. ASO.— 6s.. {113
"•"
K. CltySt. Jo.A C. B.— 7st 127
K. City Sp'd A Mem.— 6s|
K.C.Clmt. & Spriugf.— 5s
5114
Little R. & Ft. 8.-7S
Mar. H. & Ont.-1925, 6s
37 >4
jdHxican Central— 4s
87
scrip
40^
78

Income
Scrip

,5

6s,

108

Inc., 6s, 1933
Oil Creek— 1st, 6s, coup..

8
6/1

66

li7'l

101

Ud ited 68
Incom«8.......;...:..-;-—
Ark. Val.—7s.. ^^^^
Pueblo
Rutland— Ist 68....5

A

68

110>a

97
100
91
45

98
87 "a

Sonora— 7s
ser.

STOCKS
A Topeka
1

190

Boston
Boston
Boston

196
192

A Lowell
A Maine
A

Provirtenoe....
lio-ton Con. & M.. pref..
Boston Revere B. A Lynn

CaUfornla Southern
Central of MassachusettB

B^ay Surface bds.goar.

Bonds guar
Brooklyn Ulty Stock
Ist mort
Bklyn. Crosstown- Stock
let raort. bonds

—

BUBhw'kAv.(Bkln)— St'k

—

Central Crosstown Stk
lat'mort
CBnt.Pk.N. A E.Rlv.-Stk
Consol. mort. bonds
Ohrist'ph rAlOth St^Stk

Bonds
DryDk.E.B.A Bat'y—Stk
Ist mort., consol
Scrip
KIChth Av.—Stock....
Scrip

43d A Gr'td 8t.F'ry-Stk
iBtmort
43d St. Manh.A St.N.Ave
1st mort
3d mort., income
Honst.W.8t.AP.F'y-8tk
1st mart
Ninth Ave
eoond A v.—Stock
Ist mort
OonsoL
Sixth Av.—Stock
1st mort
Third Av.— Stock

Bonds

,

1 wanty .third St.—Stock,
lit mort

*

'

A

.. }

57"

40
122

.......--.-.

86

Preferred
Mexican Central

Nashua A
N. Y.

6'4

Lowell.........

A New

England

...

Preferred

Northern

A
Ogdensb. A
Norwich

41
136

i\\t

•

L.

—

Champlaln

A

Ports. Ot. Falls

•---

173 "a

Portsm.

A

33

Preterred
Branch...
WlBCOUBln Central
Preferred

108>i

100
100

192

no

160
112
150
166
125
135
126
135
116
175
116
107

216
110
245
117
41
112
62 13
136
116
130
200
108

220
115
300
113
283
114

Tbt* Mdnnn anow* last dlvidand on itoelu, bnt date ot matontr of IwniU

18
57 >3
56 Si

6'2

5
102»4 103

123
36

A
A W.— 1st, Ss

108 >4

109
103

Consol., 68. 1906....

111
599 '4

Cons. 68, gold, 1901
Cons. 68, gold, 1908
Gen., 48, >old, 1923

102

l8t,78,"1899

127

Union A TituBV.— Ist, 7b.
United N. J.— Con8.68,'94

Warren A P.— Ist. 78, '96
Weet C'-ester-Cons. 7a.. 113
W.Jersev— lst,68,op., 9b 116
.-.--

CANAL BONDS.
A Del.— 1st, 68,1886

(Jhes.

68>«

>«

A Charlotte

42H! Baltimore
S3
Ist pref
58
2dpref

A Ohio

Parkersbnrg Br

Central Ohio—Com
Pref

Western Maryland

567

—

12\

RAILROAD BONDS.

58
63 "a

A Ohio—4b...
Cen. Ohio.— 68, l8t,M.AS.
Charl. Col. A Aug.— 1st..
2d
Cln. Wash. A Bait.— Ists.

28 1« Atlanta A Charl.— 1st
Ino

56
79

78

79"!.

56S4

-.

220

J. Companies..
Jersey..............

United N.

A

68 >t
48

Atlantic.

CANAL STOCKS.

Lehigh Navigation.

550'4

....

69 Hi
48>9

124
.

RAILROAD BONDS.

122 Hi
iia
22<4l 24
'84
coop.,
end.,
7s,
Inc.
113
Bait. A O.K. Blrte-Certa.
Belvld'e Del.-lBt,6B,1902 120

7A.6xt.,1910

121

><

5

<(d,68,1887
BeU'B Gap— 1st, 7«, 1898.
1st. B8,1905

•Kx.dlvldend.

IPershara.

114S

109 »4
114
1U4>4

35

68, gold.1900,
6s, Series A
6b, SerieB B..

Canton endorsed
Virginia A Tenn.— 58

Allegh. Val.— 7 3-108, '93

las'*

108

69

2dB
3ds

Pittab.ACon'ollB.- 78JafcJ
50>« Union RR.— Ist, gu».JAJ

Schuylkill Nav., pref...

98

100 160 153
132
125
5
60
7
51>g 63
60
54
60
8
10

52(1 ij
30 >g
Ist Inc., 5s, 1931
Philadelphia A Erie
ColumblaA Oreenv.— Ista
Phila. Ger. A Norristown 120
2ds
Phila. Newtown A N.Y,
No. Central—4 HiB, J. A J.
n-i^l
Phila. A Reading
68,1900, A.AO
Phila. Wilm. A Bait
J.AJ....

West
West Jersey

113
116
130
86

Nav.— l8t,6B,rg.

Maltiinore

—

Pennsylvania

52

Sunh. Uaz.
2d, 68,1938
,— •,;•
Syr.Gen.A Com.— 1st, 78.
Tex. A Pac— Ist, 68,1905

Atlanta

4'2

V27
57

North Pennsylvania

A

130

MAL.TIBIORE.
RAILB'D STOCKS.tPar

Delaware A Bound Brook 1.19
East Pennaylvanla
41"
Blmlra A WllUamsport..
61
Preferred
;,;,••
Unntiugd'n A Broad Top
Preferred
Little Schuylkill
Minehlll A 8ch. Haven...
Nesquehonlng Valley
Northern Central

128

105'sll07'»
3100
lOOH

ad, 6a, reg.. 1907

t

BuSr. N.Y. APhll„a88.pd,
Preferred
Camden A Atlantic
;-•;
Preferred
Catawissa— iBt preferred
2d preferred ............

Lehigh VaUey

128'9

Bali.-48,tr.ct
Phil. Wil.
Pitts. Cin.ASt.L.-78....
B.—7B,op.
PlttB. Titus.
Potts.-7b
ShamokinV.
Erie— 1st, 7s.
Sunbury

Sohuylk.

PUlLAUfcl-PHlA.

Preferred

117

9K, Lehigh Nav.— 68.reg..'84.
19-e
Mort. RR., reg., 1897 ..
30
Cons., 7b, reg., 1911 ....
Pennsylv.- 68, cp., 1910..

Worcester Nash'aA (och

RAILROAD 8TO(^K«

l8traort.,4Hi», CP..1910
2d, 78, coup.A reg.. 1893
Cons., 7s, reg., i911 ....
Cons., 78, coup., 1911 ..
Con8.,68,g., I.R.C.19n
Imp., 68, g., coup., 1897
Gen., 68, g., coup., 1908
Gen., 78, coup., 1908. ...
Gen,, 6.S, scrip. g.,cp. 85
Perk., 8ci1p,6s,g.,cp.,'b6
Income, 78, coup., 1896
Conv. Adj. Scrip, '85-89
Cons. 5a, Ist 8er.,c.,1922
Cons. 58,2rt ser.,c.,1933
Debenture coup.. 18931

Oen., 7s, coup.. 1901

56

Summit

30
120
215
09

1186

W.JeraeyAAtl.— lst,88,C. 1071, 109
175'j Western Penn.—6b, coup. 108
68, P. B., 1898

Con'y.

Rutland

131

6b, 1920....

Cons. 68, 1909

Worcester...

Old Colony
Portland Saco

[Quotations bj H. L, QaunT, Broker, 145 Broadway.]

Br"dway A 7th Av.—St'k.
Ist mort
..
art mort

60
45

—

AGiUf

A

Maine Central

103
1902
July 1, '86'll0
May l,'8e 100
Ju'el5,'86 70
May 1,'86 102
Apr. 1.' 86 100
Apr.20,'86 183
112
1900
July l,'86 87
105
1888
Julyl6,'86 l.'O
1900
106
Apr. 1, '86 115
1899
110

July, 1886 28
900,000 J. A J.
700,000 J. A J. 7" July, 1900 114
100 2,100,000 Q.-J. 3 Jan., 1886 210
1,000 1,500,000 J. AD. 5 Jane.1901 107
1914
1,000
600,000 J. A J. 6
107
1924
1,000 1,500,000 J. A J. 5
1905
1,000 1,000,000 J. A J. 5
10 2,000,000 Q.— F, 2 Aug., 1886 185
800,000 J. A I 6 Jan., 1B02 106
1,000
100
200.000 A.AO. 4 Apr., 1886 160
400,000lj. A J. 7
Jan.. 1888 105
1,000
100
600.0001 Q.— F. 2
Ang.,1886 140
100
600,000| Q.— J. 1»4 July, 1888 160
Noy..l922 118
250.000; M.AN. 6
1,000
100 1,800,000. Q.—J. IHl July, 18.S6
Dec, 1902 126'
1,000 1,200.000'J. A D, .7
650.000 Q.— F. IVi Aug., 1886 130
100
250.000 A.AO. 7
Oct.. 1898 no
1,000
100 1,200.000 (J.— P. 2 Aug., 1886
600AC. 900,000 J. A D. 7 Jnne, "93 113
100 1,200,000 F.A A. d Feb.. 1914 106
100 1,000,000 Q.-J. 2 July, 1886 200
Feb., 1914 107
100 1,000,000 P A A. 6
100
748,000 a-F. 3 Aug..l886 226
April. '93 112
1,000
236.000 A.AO, 7
100 2,600,000
39
"i&io
1,000 1.200.000 M.A 8 6
109
1915
1,000 1,600,000 J. A J 6
58
Feb., 1886 l'i6
100
250,000| a.-F. 2
600
500.000!j. a J. 7
1894
113
1-20
100
800,0001 Oct.
3
100 1,862,000 J. A J. 6
400,000 M.AN 6
100
1,000
May.
105
1,000 1.050.000 M.AN. 7
212
100 1,500,000 F. A A. 3 Aug.,
600.000 J. A J. 7 July,
110
1,000
100 2,000,000 (i.-F. 4 Feb.,
ill"
1,000 2,000,000 J. A J. 7 Jan.,
600,000 .Q.—F. 2's May,
265
100
May,
11*2
260,000 M.AN. 7
1,000

S-iH,

Marq. Hougbt'n A Onton.

Julyl0,'86,106>a

100
Bl'oker St. A Falt.F.— Stk
1st roort
1,000

—

Ft. 8.

no's

A

94

----•.,
Mem.
C. Springf.
Ft. bmlth.
Little Rook

189
,136

112

A

'20

66

I

Conv.,78, R.C.,1893 .-*
Conv. 78, cp.off. Jan., 86
Deferred incomes, cp...

109
82
127

} ....

112
llO'slll'*

,

18

916

.133

n4Hi 118

Cons.,
114
Cons., 5s, 1920
PhUa. Newt. A N.Y.— 1st
125
n
191
8t,
6b,
Phil. A R.— 1

28

81-4

i27>i

7,1906
Perkiomen— 1 8t, 68,op.'87 101 w
107
PhlLABrie— lat,78,op.'88

90

Connecticut River
Conn. A Passumpslc ....
Det. Lansing A No., prel.
Eastern
•--Fltohburg
Flint A Pere Marquette.
Preferred
;,-,v"'
Iowa Falls A Sioux City
Kan. C. CUn. A Springfd

13734 issia

-,--

131
198

24

14 6

Cons., 6b, coup., 1905..
Cons., 5b, reg., 1919--..
Pa. A N. Y. C.-7B, 1896-

7a<

Preferred
Cheshire, preterred
Chic. A East'n Illmois...
Chle. Burl. A North'n...
Chio. A West Michigan.
Cinn. Sandusky A Clove
Cleveland A Canton
Prel erred
Col. Sptingf. A Cln

12.^

Pennsylv.- Gen., 6s, reg. 137
Gen.,6B, cp., 1910
Cons., 88, reg., 1905.... 128

85^

85',

Atchison

Boston* Albany

99

Ist, gld.,78

128 Hi

«7

I,

Wlsconsiu Cent.— Ist
2d series

IthacaAAth

I.eh.V.— lBt,6B,C.AR.,'9S
2d, 78, reg.,1910
Cons. 6s, C.A R., 1923.
N. O. Pac Ist, 8s, 1920.
No. Penn.-2rt,78, cp.'98.
Gen., 78, 19()3
Debenture 68, reg
Norfolk A West.— Oen.,68
N. R. Div., iBt, 68-1932
N. Y.Phil. A Nor.— 1st, 68

60

2rts. 68,

9S

Cons. 58, 1895

93
37 H>

----..

Cons.

100

H.AB.T.— lst,7s,g.,1890 1:3

51-2

6s

Ogden8K.t L.C11.— 6b

lie's

perpetual

Harrisb'g- Ist.Bs, 1883..
111
106

liebenture, lOs

N.Mei.&8o.Pac.-7s.....
N. Y.A N. Kngland—7s..l

1888 106

78,

EastonAAmb'y— 6s, 1920 V.S-n
El. AWmsp't-l st,6s, 1910 118

& O.— 7s

K. C. Port wcott

103 >a

l'29ia

(

6'2
luoomes
Mass.— 6s, new.. 125
Prcm.Elk I1.&M0.V.-6S..I ......

Preferred

130
103
122

Col.

lOOHi 101 ii .C'onnect'g 8b, cp., 1900.04
West'n-6s.| 103-s
Del. A Bound Br,— l8t,78

cSc

Kan.

108^

1904

Cons., 8 p. c

KaRi'rn,

Kau. City

104
80
May 1,'86 160
1114
1902

Ja'el5.'86

108

CatawisBa— Ist, 78, con. c.

5119
I

Concord

Oaa and City Railroad Stocki and Honda.

o.,'8fl
A
A Atl.— lBt,7a,g.,'93

2d, 6s,

1

..

&N0.-6S

Ask

Bid.

1C0<K Cam.
Amboy— 68,
108 hi
Mort., 68, 1889

Trust, 6s
Bnr.<feMo.iii.Xeb.-Ei't,68
«109
68 nou.exempt

48
Land grant, 7s
CiilHornla8o.-6s
Cons. Vermont, o8

aad Baltimore.

BeU'B Gap— Con., 6s. 1913
12/?
ouff. N.V.A Phil.— l8t,6t
12e>4
Sd,7s, 1908
Cons. 68, 1921
98>«
l8t.Tr. 6s, 1922
Bnir.PHts.A W.—Oen.,6«

Atoh.

Ask.

XL III J'

Vol.

SECURITIES.

Bid.

BUHTON.

PRICK.

OOMPASIKa.

SECURITIES.

CPrloes by B. 8. Bailey, 5'a Pine St.]

Bank Stock lAM.

I

—

1U>4

36^
20
114>*
102 's

123
128 Hi

124 'a
118

88

1st, g., J.AJ.
J
2d, pref., J.
2d, f.uar. by W.Co.,J.AJ.
J
68, 3d, guar., J.

W.Md.—68,

A

A

WUm.C, A Aug.—6s
Wll. A Weiaon—58

104
103 >i
104
119

7s

llndolailt.

JLastprloe this week

Adoust

THE CHRONICLE.

ISM.]

31.

215

KAILBOAD EARNINGS.
W€€korJto

1880.

22,216
09.700
30.724
80.677
14.8S8

Roeh.APttt latwkAnit.

Bar.rMLR.AKii. litwkAoc.
Cairo V.AChlo. inwk&ac.

Okinden* All.. Jane
OMadlaBPaetae 2ilwkAac.
Camtnl \nwm. •idirkAug.
Pacific
Oatral
~

^V

.AOklo lane

L.*B.8.{Jiiae

A 8. W.jDoe
OklMCO A Altoa M wk Aar.
CMo. BoL * Q. ^aoe
.7!
. .

.

Chl»l(U.*8t.P.'M wk Aa|;
Qda.*Jlartliw. 3'lwkAnS.
0C8(.P.inD.AO. .'d wk Aac.
OMa.* W. Mlob. LivkAoi.
Opi.IM
I. AC. MwkAujt.
a>. H.
AT.P. litwkAiu.
Alm.Ot.8onth. latvkAec!
m. Ori. A N. B. UcwkAux.

m
a

Vlefeab.AMer. uiwkAux.
_flek». 8k. A P.jl.twkAiu.
*

1

M wk A u>.

OlaT.AknoAOollUiwkAns.
OiaT. A Oaaum. Juir
OtoT.OoLOA Ind Mar
C0I.ACI0. Mid Uuivkjnr
OM. Boek.V.AT. Jiiljr...

—liMJ A Wor June..
I>Vta>«'r>>nt'n Juoa
fl

Dht. a Bio Or l-AI wk Anc.
DaBT. A B. O. W.Uol/. .TTI
.

.

Daa. Mo. A Pt.D. UtwkAojL
IM.Lana'KA So -.MwkAB«.
B.T«iB.Va.AUa. Jane

A

BranaT.

FUnt A

P.

339.180

M
wk Aa7
Id wk Aag.

191333
316300
3300
17300

MfCaL AS. rB.iJi4r. .T...
raakA&c|3d wkAur
1M. Uwa Una* '^d wk Aiu.
IMalaUUnea.

1333
13333
10334
35310

348300

'.-ilwkAajt.

B leai.A W. 'MwkAuc.

Das ASpr. July. .TT.
K.CPVJ.AOalf. (ihwkJ'lr
Kaa. C. 8p. A M. 1th wk J'it
CCl. AIJ|. xhmkJtj
LakaK. A Waa. awk* Aoir.

!».'l.ltv3eBt.L. XdwkAUff.
dwkAoc.

•MazJ(..aU liaaa luljr....T
Mll.U8)i.AWaat. :.'dwkAac.
Mllwaukra A Ho '.{dwkAnc,

319.699

181.102
1.433, l!<3

803,973
124.373

930,811

Oeot'l

tAMlaa

14
T.M.3Hr,
J io.iun
!»!.'..»

13-

811,133
'.1511

234!eo2
9IB.907
l.irJ7.'.il8
l.'.!3l,411

Do

259,49.')

•!.!>!

•

3S.471>

-I'.'

1-<1

43333<!
498.111

771
l.H
'.a

193.98'.'

89.91-.-

.•'l.'j

178.13<>

-,'.'.j

A

80. rar.

Opi-AUr

'

.J

.iurt

'id

wkAua.

MJoAltaiiAT.H laiwkAui^.
Oo BraMkaa. • •twkAuff.

It. A3—.Fran. 2dwkAa«.
id wk ADS.
KPJaa.AMaa.
U'taUAOiUaUt

HMkUhrwIlBa..

37,700

31

3-

14u

',';o.-.

33380

1^<

.lis

2-

.,.i2

37,106
13.710

II.

03O..a-</

;

81>.

-..i.",S

43.710
309.677

43.379
3«3.)W4

-

09o

1

.

1

l"J

287.813
l.H42.U»4

600,760
.

;

......i.oeo

l,233.:i.>.
30O.4t)'>
13«".'i"'-'

I

138036D

2391.73t»
..
403.069
Vaz. A St. L«alal latwkAac.
33.436
valoa Pn/«"
>—,K
3.963321
881.769
"^
at Jh
110380
"'•^ .-.»kAoe.
23.744

•

.:ii).->
;

80381

.fnoa

.".

7'.'

Jaao

TlK.At.Bra(«ai Jaaa
SM.Pan.8ra. Jona
_TMMl Of ail.... Jona
VkuaAPaoMe Joaa

ill)

;,

94328
39346
070364

61438

aac.

4 10,34!)
ii.'7.:h8

,014.070
.i.^

..».

I

--^

371.4M3
33.473

133330s
313.403
111.048
22.117

1

(.

I

i.ou

'-

'

(ttaih National...

6.41.(.I00

nrat NaOoaal....
Third Ifatiam...
H. T. Nat. Bzah..

19.R«7.SaO
6.1S1.600
1.418.900
2.339.100
2.3 48.800

BowMT

9.8MO,7'>0

Ohaae Hatlonal...

3,408^900
8.495,800
3.313,800
9.388.300
4.099.900
2.4X7.600
1.861.400

mtb ATOBOa
Oaraaa Bxak'a«e.
aaltad Stataa.....

Uaeola
Oarflald
Pltth National....
3% of tb« Metrop.

1.3»'*.«00

3,448.T»n
1,816.600
2.088.800
1.780.300

Hlile

Total

46,000

7.933.700

'mIooS

8.:'18.000

3S91600
soiuiiS

78,30O
601,600
167.600

"i'.MO
479,200
44,500
934,8(0
45,000
44,6110

>47'a2>o

43,0C0

1M,000
811,600
199,500
4S9;3dii

U2,10O
983l6M
48,000
33S',800

180,000
139,500
88,000
48.000
380,100

UsaSo
823,900
180,000
°4S,'006

46,000
44,500

83:t,B00

316.1100

8,i>9.'<,000

878.800
271,400
882.100
3j<3400
3 17,000
611.000

128,800
331.400
353,400

1,648.400

46300

l,8'iO,8:IO

134,300

4,18.1.700

631,.tO0

3.166.800
1.1 83.300
3.108.400

180,000

I386,078,:00'883»».100 134,189.100 369,363,900

7,908,000

BeabnanI

388,700
104,0ll0

The foUowing aub toUto for ereral weeks
1886.

Tmdtnl D*poMt.

L.

3

6

6

OimiiaMan An. Oltar'm

•

•

I

4SA)0

past:

J'lrSl 354.337.400 84.371.800 (8.033,:100 377.703,100
Aoc 7 35H. 1 119.0110 8.'J,I'8«.0O0'37,784;ho0 376.><06i366
" 14 »a6.U75.1DO 66.368,100 84,169.100 3«!>.'.;«3.bOO

7,884.000 489.117,589
8.016.700 58810,393
7,90i.OOO 811,310,561

B66to3 B«3ks.— Following are the totals of the Boston bonks
Umu.
tpfU. Unitfn. DtpotU.'
A»t.OI«W.i

1886.

J 'It *i t4«,7S6.000

0,839,000

*
s
s
•
1937.600 104,718,800 15,980,800 70.796.672

I46.187.>00
1 45.825.700

9,8011,300
9.47'',»00

3.534300 101,655.7011

2.785.900 108,474,900 15.79tl.ln<)

7:4.195.098

16.751.XIMI

B7733.367

PkllBdelpkU BBBks.—The totals of the Philadeipnis bank*
areaaJbUgwa;
LawfutMontt.

DtrotU.'

9

S

S

Jaly 31...
An«. 7....

2'.782.700
85,T'44,3O0
87.887.600
8S.761.600
85,181,600
S8.073.9UO
U.tSVi.lOO
SS.691.4oa
85.574.700
• taaladtac tbe Ilea "doe to etbar baaka."
14...

•

Aar.Oaar'fr
6.007,300
5.9>I8.300

ems.i'oo

50.686,876
57,198,072
5.>t 778.304

—

DBllsted Heearlties. Following are latest quotations from
Petroleum Bo4rd and N. Y. Stock Exchange:
BU.

i:iip.ii«7
.S.'>'.'.7:il

i,\i;:.
•

I

ll.OOIi.liHT ii:ii*
7334.9891 6,7»4.77.'^

040.8391
Rifl4nri

810,704
H.^7.1H4

''^"—•'7
t lorlndla* Wret siKire in 1886.
(••''taff.Xnaa April la 1886 Uie new laaaed road.
** *'!'"''> '"' l*^ rrar bare bean adluatrd ao >a to

*nC**

oaaMarMMparlaaalfeaaMieaaUiUrear.

DebentorM

Ut

2<l

{

And

make

brancbea.

70
6

Deu. A ll.U.oon. O.H.tr.oer 108
8a. n.H. ITnat carta.... 47 >i

DeaT.ABIoUr.W
B. 0.

W„ lat

17

75

Its

do
00

A

o( N. Y.... 130

Pare Matqaatte..

rrcferrrd

Uaorvia Pao.—Stook
lat 6a

Sda
<-*iT Motor
Uttla Rook A Ft. Smltb..
Mauvaa Hatioaal
Pref

latmort

»9
73
..

..

19

76 >4
1*

89 ••
....»

19

1

4
S-t

detUement, 6a
Ark.

A Texaa, atook

mort
3d mort

12
91''^

4
11

1

r

35 >a .»^.
14

92

Loala

A 0.

Ft. S.

A

Pr«f

Wloh..
l»«4.

Cen. com. atook.
,

MarldikJi
"7" Vtokab.A
lat mort

3d mort
looiiiaea
4
11>« VlfKUila State 3 p.

w

..

«».

95

......

18 H
944,

43

TeiM A P»<!.-(4i'.rlp

i8\ 39 >.

8>«

mort

St. L.

St.

86

2>a

M>

9*
Poatal Tel.ACBble-Btook 15
State of Tann.—Het't...8a riu 78 >a
......
IP4
Settlement, 5a

13>« Tol.

lOVS
86

N. V. M. Ob. Te..-«i«<oa.
N. T. W.8h.AB.-Stook.
North. Pao.— DIT. bauda..
North RIv. Oona.— 100 p.e
Oblo oenl.— BIT. DlT., fat
Cent troatoort
Penaaoola A Atlantlo....

lat

93 <«
6>i

A ureen'd Lake, lal
Y. City A Soribom....

N. Y.

lat

68'i'

37
Klaotno LiKbt.... 110

OaaCo.

5^

lA*

71 "el 76

J
63 • ••

mart

3dmort

M.,

Onar. by D. A R.
K.T-n.V.AO.naw.whBoU,
Intprernrieil
!il p elaned

....J

lat

NewJeraeyAN.Y

loss i'Ms N.

uiort

mort

A

J

MIcb. A Ohio
Pref

84

Cape Fear A YadVal., Int 97
•/<1 mort
70

Oeo.

5

V

71.

H8

ralirorDlm Pacitte
Com. fsma. imp. fo.

Btd.

V.K.AT.— Ineoma *onp..

i:

Brookljra Kler'd-ttook..

SwwrtUM.

Aik.

36

itock

BoM. H. T.« WeaL-dlk.

"11

r J*'!il*l*
.

Beat RlTcr
Poortb National..
Oaatral .vuioo^..
Seoead Natinual..

1.000.000
1. 199.700
16.74S.IOO
9.004.000
8.a4S.0u0

Tm«t atainpa^

338387

finla'i

(lerth RlTer

OM

43368
233.101

74,780

„ ral.ATJaaa
_
T»a. A n. OTi.

Saartara'ATrad. IO.9ll6.B0C
Par*
19.834 .600

BaakNateOo
'.mm Am.
Bom. U. a B.— Hew alotUi

:

901366

J^'.'.'.'.

0i»aotal...„

-'.I-.'7.H.''.0

t8.A Joa*
HW.A3J.

^rM.cCnoip'r-

OooHsealaL

11,20,1.000
9.3 76,000

il.C.lG.l'ja

4o..<~'

WaaLN"
<id. Ill

.l.'ilH
>i l.l.'iS

I..i'<'J.M9
J.71O.'.'04

1'.

>'<'

tIaaaWa;. .'...,

4. Jo. A

433<t.l01
1936::
332.38'J

131'
ST

lafea'd AOaiiT. JolT
a.Mldl-d OtT laljr

«'.'7

•

<33S3»1
"•

Iron luna

...

S30

June
Jaaa

C.

..

Shoe A Leather
Oara Xxehaace.

l."iH

97341
1333«»

3430<:
371.78J

wk Aof

9.784.100
S.tlt.OoO
t.H40.S00
2.878.700
1.214.700
1,877.700
8.107.000
6.000.000
4.916.600
2.040.000

Markat

SL Nlokolaa

9

lap. Oo. Juoa

kDae.ABr. vd

NMua

4J.l.lt71

31431*>

mia.ABrle.... 'una
riiUa.Afb«dln|i Jane

rrrtac,
CltUen*'......

l,'i»3,707

i.-lmt.99l

A ». Coi dwkAof.

8.1A7.7M

Hi

2811)
2v

7.004.154

2 WkaAoc
Jalr

PaoBlaa-

Racik

347

010.731

June

....

Obatbam

31361
86370

133630N

PaclOe 2 WkaAoc.

PaoUe

360.101

«I.T.aAB.B... Jay
3377336 13«''
W. T. Cttr A Ko WkAilc.t4
I1.7M1

;

MataaaHla...

B"

31

I

Biaadwar ...

Weet

101373

l.lB-<.'.00

r...

stzUi National....

1.732;

.84O.110C

S.4S2.20O
1.308.800
S.SS 1.800
le.336.000
19.188 830
».498 eoo
8.301.200
1.«S 1.000
7,484.100
4.430,800
l,74e.»M)

AMarlo'B Xzoh'ca.

1,739.020

10147

Aoc.

It.

417.4.'iO
83<>S.7-.'0
.M3,'."i9

33343

'.j.lwk

Oreeawleb
Laathar MaaoTra.
Ward.

W. T.Oooatj

1389395

W

1

348.000
786.300

913 100 11,094.600
431.000
•J,6la.000
3.373.100
874.000 13,1«6,100
317.700
192.400
2.084.800
,„7'<4.700
181,000 „i.8.n.rto
10.161.000
896,700 23.910.300
449.000
380.000
8,380.800
831,100
898,900
8,498.400
282.100
1SH.800
1,H73.S00
80.000
193.000
1,64:1.000
1 !(.'<, 1 00
141.100
l,214.!taO
497.000
379.300
387H.700
336.600
80.400
1.167,1011
325.800
413,800
3..'S .12.700
3.488000 1,139.000
4.811.000
3.3i)8.700 1,847.200 14.539.700
949.700
39i,700
4.980.700
1.304. dOO
713.600
1.WJ.100
4>'i.eOO
309.400
3.771.600
1.606.600
847,700
7.737.700
738.900
643.300
4.81.V4aO
186,600
33^,800
3.187.700
333.800
sn.ooo
3.488.200
3.703.400 1,010.400 11.401.400
418.000
334,800
3.133.000
391,700
380,800
3,90S.600
20 '4.900
316,400
2.888.000
390.900
181,3011
3.89 '(.1 OP
301.600
141.400
1.717.000
419.000
8117.000
3.4 IH 000
620.800
388,000
6.161.100
6.1 1.800
874.300
5.788,300
3KO.000
i8aaoo
3.0U0.100
3.619.700 2.28 1.090 23.e.'8,300
3.937,100 ».0i)0.«00 24.:78,0llO
IH6.000
91,000
3.074 ilOO
184.t00
178.800
1.031.700
1. 968.000
:.48l.300 17.810.000
1.388.000
982,000
0.503 000
351.000
887.000
8.89 '.OOO
1.018,900
385,400
8,83.1,800
8.729.400 1.081.1(H) 19.707,100
869.000
8,4'<0.8'0
684.300
l4i>,30O
189.000
1,373.6)0
408,200
180.000
3.843.800
364.100
374.400
3,«S3,taO
143.400
383,300
3.297,900
S8 3.400
478,800
4.183.800
192,400
786.7U3
3J15.200
SMOOO 830,000 2^01.000
474.300
164.400
1.777.800
136.000
901,800
4.378.500

l,H(!3.3lJ0

A Tr..

<->1.W72

t3T

117.688
178.133

*.AWea» J-iir. .T
Weat 2 wkaAoc.

Meri'huita' Kxoh.
Oallatln NatlonaL.
Batolisn'A DroT..

99307 1333307

330^760

Juna

OM.T.Oat-AW

for tb«

.317.000

'.<

,i.yoi.7oo
1 8.987.000
3.049.000
6.474 6

Chemtoal

0«raiaa..tinarle*B.

7,171

.

Palton

35O.-40
633,334

S9ii86

Vaak.Ch.A3t.I. Jone

I

«a

Repabllo

860.1100

1.S30.800

J«9<>.000
10.737,(130
,

v
TradaaBMn'a

808.7H,%

61.697
107.441

118,789

..

„

S333a4
09,679

8^

•(wkAac.

a.T.I.Krl«AW.. Jiiue
B. Y. Pa. A O J<in«
V.T. A .New Enx. J une

nMalz...„

aaraaili
Stale o(

1 ,'i4S,0OU

)2.Mb.700

.

Amartea

•33.747

60333
343J0
6381

06366
13331

MaMlrAOklo.. Joaa

Meoliaolea'

Meohaaloa*

1.693.000
1,690.000
1,088 800

1,070,000

P.-ll 1,000
7,81S.IuO
9.32J.0OO

....

6333,.^67
73.S09

60.637

180.230

Juna

ll.fltS.OOO

SCanhattaa Oo
Merehaata*

0341332
37379

C304.113 7.166303
61J4S 1366307 1341,634

18380

Baahv SdwiAos.
ST.1I.O.AT Juaa
jfaiaaCaBtnl June
Kar.Hoack.AO UtwkAor.
*ttaileao CeDil. .dwkAoc.
I

MInn'aii. A 81.1.
l(lBa.AJIa.Wca(.
Mlaa. ATVdiD. .

300.666

11,100
31.400

te,

1

374376 1391367 1302.238
19319
441.179
414.692
33377 1,*W.037 '.,•.20.667
43.403
406.173
339336
374338 9347369 8316.182
139330 1.103319
r.i8.734

19390
36361
07360

0«orKta ParlOr. July
SnodTnak ...iUrk Aax. 7

lid.
lad.

New York aty

14, 1886:

•

WawTork

MMS

I'twkAac.
Marq. l.twkAo*.

Vab^miaui O.

24,8.'i8

48.428
9,830
S<t4,330
83341
80^888
214.828
206,038
203.000 I79.U0U 8.866342 4.t>21,463
28.901
28.964
746306
700.491
1.376.848 1.280.811 0.880,173 8.348,289
822.790 349.8*
M19.818 1.866.414
67.411
82.761
393.478
316.008
122.606 113.S61
730369
701,628
190.789 190.473 4.083.444 4.664,123
39.9419
9S.8AS
3.148.033 U»9li.4SS 11^133,389 13372.968
39.483
33.996
"~ 997.690 920321
""
408.000 37s,736{l3.aO4.000
13.277.413
_
497,800 390.000 i3.8n.8O9; 13.546.692
102.100
98,000 3383,361 3.176,194
38.900
tti314
7»4.24;i
737,969
00.303
47.900 1317.357 1.422,311
1,&M)1 4i-.ii
l^t KIJO
49.244
17,823
64
15338
'".i;;>7
6.907
31
6JM3
6.890
87
6.810
2o
43.803
38.730 1.1»,.
11.883
9304
33.680
34334
l'.'
309.334 364332 1310,830
10.-,
3360
197,033 187318 1,24237-2 l,2d7,266
19,966
18349
99.670
94.803
14,083
103333
133,037 127,067 3.760391 3338.230
86.300
883339
033,040
0362
180.393
304,073
33,036
33.798
713383
680,378

T. H.

OHlar P.AMla.

week ending August

142.499
628.914
1.836.837
683.244
1.836.<U5

I

,

O.

Ota. WMh.A Bait

^•'f-T'?*
r^^^Z^^lt
condition
of ?i}K
the Associated
Banks of

1886.

22.382
10S.937
81,100

10e.4M

dwkAns.

Bilir.N.T.A PtaO.

1888.

to iMlett Dale.

•
3
1.253.7M 1.218.772 6.941.368

Atsh.T.A8.F. Jane
Jooe
•It. * Fatomar Jans
Bair.

JoUowing statement shows th*

4a<k 1

BoAoa,

c. bda.
Par.— Con. mort..

ki'*

"t

»>*

d"*

tSHi

31

-..mmm
...a.*

27
8
93 >*
60

<•

12

70

......
1

1

&02%

THE CHRONICLE.

216

The iNVKSTOHS' StJPPLEMENT contaiiM a complete exhibit of
Funded Debt of States and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month—viz., February.

the

April, June, August, October and December, and is furt
nished without extra charge to all regular subscribers of the
Chronicle. Fxtra copies are sold to subscribers of the
Chbonicle at 50 cents each, and to others than subscribers
ot f 1 per copy.

ANNUAL REPORTS.

the company have built in their shops six new, large consolidated eneines and have also bought three new engines and
have laid in track 138'C4 miles of steel rails, all of which have
been charged to operating expenses.
The annual report will be issued in October, and will contain fuU details of all the operations for the past year.

The following statistics of companies which have issued noannual reports for the year 1885 are taken from the volume of
Poor's Mamial just issued to make a more complete record
in the files of the Chronicle:
Atlantic k Faciflc.
(For the year ending December 31, 1885.)
Lines of road completed and in operation Dec. 31, 1885:
Central Dlvislnn— Seneca. Mn., to Red Fork, Indian Ty
102-00 miles.
,

& P. Jet. near Albuquerque, N. M.,
559-60 miles.
Brancli W. Div.— Galluo Junction to Coal Banks
330 miles.
Leased lines operati-d in connection with Western I>iv
Atchison Topt-ka & Santa Fe RR.— A. & P. Junction to
Albuquerque, N. M
12-70 miles.
Boutheru Paolflc RR.—Colorado River to Mohave
24-.i-80 miles.

Western DiviRion— A.

to Colorado River. N.

Louisville

&

NastaTille.

(For the year ending June

rvoL. xuji.

M

:

30, 1886.)

From a preliminary statement just issued in advance of the
annual report, the information below is obtained
GENERAl, BK80LTS FKOM OPERATIONS.
:

r.c.

1885-86.

P.c.

1881-85.

Tner'se.

$13,936,346 $
$13,177,018
Gross eamlnKS
8,182.255 31,040
8,213,295 58'71
Oper'ngexp'es 62-33

Net eam'8 fr'm
37-67

traftio

Inclrominvts.
Tot. to credit of
Inonnie aco..
Int. rentals &
Inc. for

5,754,091
198,591

790,363
9,215

781,162

$6,952,683

$5,171,530

4,595,793 47,934

4,643,727

taxes

net

$1,963,723 11-29
207,807

Dter'te.
.'^759,327

the

829,086
$1,356,889
$527,803
year
It will be noticed from the statement that there has been a
decrease in the gross earnings of $?59,327, of which amount
the decrease in passenger earnings was $674,393, and in frfeight,
mail, express and miscellaneous $^5,035. The decrease in net
income for the past year is $829,086. The increase in interest
and rentals of |56.964 is caused by the non-payment by the
Kentucky C< ntral RR. Co. of $60,000 for annual rent of the
joint use of the track of the Knoxville branch from LivingBton to Jellico, which is now in litigation.
The decrease in earnings is accounted for as follows:
1. The Selma division, from Montgomery to Selma, a distance of fifty miles, was operated under lease which expired
on April 30, 1885. The earning*i of this division for the ten
months, Julv, 1884, to April, 1885, were $91,631.
2. In ] 884-85 the Exposition travel to New Orleans was very
large, the decrease in passenger earnings is principally due to

—

this.
3.

The short wheat crop in the States of Kentucky, Tenand Southern Illinois affected the

nessee, Southern Indiana

revenue,
4. The heavy floods during the month of March, 1886, in
Alabama and Tennessee caused the suspension of through

business to New Orleans for a period of nearly a month, not
only decreasing the earnings, but largely increasing the expenses. These floods were unprecedented, the Alabama River
having been five feet higher than it was ever known before.
6. The strikes at East St. Louis and the strike of the switchmen at Evansville also caused a decrease in the earnings and
an increase in the expenses.
6. The change in gauge also caused a loss in revenue and an
interruption of regular business. On the 29th, 30th and 31st
of May, the days the change was made, business was almost
entirely suspended. About half of the rolling was changed
from five feet to the standard four feet nine inch gauge, between the 15th and the 30th of Ma,y. This left the company
short of rolling stock for this period, and after the tracks
were changed on May 29th to 31st, the other half of the rolling stock had to be sent to the shops to be changed. This
left the companv with insufllcient rolling stock to do its business for a period of from twenty to thirty days.
The construction on the entire line amounted to $618,159,
of which amount there will be returned to the company by
North Alabama. Mobile
Decatur, South
the Nashville
Montgomery and Southern Division Cumberland Ohio $115,041, making a balance of $503,117, which has been charged co
capital account or cost of road.
The construction account includes. changing the guage of
the track from five feet to standard four feet nine inches as
follows: Maintiacks, 1,583 miles; sidetracks, 185; total, 1,769,
costing $91,997. Also changing the gauge of 384 locomotives
at a cost of $53,480 and 8,537 passenger and freight cars at a
cost of $49,577: making the total cost of change of track and

&

&

&

&

rolling stock, $195,055.

The construction account includes the

cost of thirty large,

Total length or all completed,
Dec. 31, 1885

owned and leased

lines

920-40 mUea.
F. R'y Co., 103 miles; opermiles.
Slldings, &c.. Western Div,,
56-7 miles; Cent. Div., 7-5 miles.
Gauge, 4 feet 8J^ inch°a.
Rail (steel), 56 lbs. Since Dec. 31, 1885, the Central Division
has been extended to Sapulpa, 10 miles bevond Red Fork.
Earnings and expenses for year ending Dec, 31, 1885 (Western Division)
average, 818-4 miles.
EAKNINOS.
EXPENSES.
Passenger
$423,839 Transportation
$868,302
l,106,05-i Motive power
Freight
103,045
41,1*93 Maintenance of oars...
Mail;
112,375
Express
65.456 .Main'ceofway &bldgs
398,183
189,'>73 General
105,733
Other

Of which leased to
ated by A. & P., 818-4

St. L.

& S.

—

Total ($2,232 per mile) $1,826,721 Total ($1,937 per mile) $1,585,842
Net earnings (13 30 per cent), $340,878. Add other receipts:
S. F. RR. Co. and St. Louis
S. F.
Contribution of' A. T.
Railway Co. of 35 per cent rebate of their proportion of interchanged business, repayable by this company, $331,000
Payments not reported. No income account
total. $571,878.
for the past year was furnished by the company.

&

&

—

Land Grant. The company has earned under the grant
from the Government; about 16,000,000 acres. Of this there
have been sold 1,195,495 acres; 5,424,560 acres have been conveyed to a trustee to pay advances made by the Atchison &
San Francisco companies to pay coupon interest, leaving about
9,379,945 acres undisposed of. Sales during 1885, 120,000 acres
for $130,000; receipts from stumpaue, $12,489; from interest,
$4,370— total, $136,860. Pnid for interest on Western Division
1st mortage bonds, $30,000; expenses of land department,
$44,453; balance, $63,406.
(The Interior Department has declined to certify any land»
for any mileage of line constructed after the expiratiim of the
time in which this road was to be built. The time in the case
of this road expired July 4, 1878. The lands certified are for
75 miles of road in the State of Missouri, constructed many
years since. All but 88 miles of the mileage now constructed
has been built since the above date.)

Central Iowa.
(For the year ending December 31, 1885.)
Operations for the yeir ending Dec. 31. 1885— Pass^'ngers
Tons freight
carried, 299.400; carried one mile, 7.933,900.
moved, 733,570; moved one mile, 79,515,219.
EXPENSES.
Maintenance of way
Maintenance of cars
Motive power

EAR.NINGS.

$225,149

Passenger
Freight
Mail
Express

1,017.309
29,757
12.1.'>2

Miscellaneous

8,97^
$1,29;;,371

Total

•l~rausportation

4.'>2.081

Miscellaneuus

155, H82

$98H,476

Total

|

$252,909
63.037
59,784

Net earnings (23-96 per cent), $309,894; add rental (B. C.
R. & N. RR. Co.). 114,000; total avail ble revenue, $323,Payments— Interest on bonds, $513,880; cir trust,
894.
$30,948; transportation certificates redeemed, $18,859; total,
for year, $339,793.
Other cliarges to
Deficit
$503,687.
income R-pairs Eastern Div., 1881, $5,464; repairs Mercer
Co. Bridge Co. 's property, $15,047; jnterest on account prior
Surplus from 1884,
to 18f»5, $19,634; total deficit. $279,939.

—

$433,210; net surplus, $152,371.

Indiana Bloomington & Western.
year ending December 31, 1885.)
Operations for year ending Dec. 31, 1885 Tr ains run
i^For the

—

(pas1,098,021; freight, 1,126,582), 2.331,6 03 miles. Total
engine service, 3,029,829 miles. Passengers carried, 811,179;
passenger miles, 34,311,689; average rate, 3-19 cents. Tons
freight moved, 2,301,300; moved one mile, 235,465,606; average rate, 0-607 cent.

senger,

new, consolidated and passenger locomotives purchased from
the Rogers Locomotive Works, costing $239,405.
EXPENSES.
EARNINGS.
The work of changing the gauge of 1,769 miles of track was Pa.«8enger
$752,039 Maintenance of way... $282,443
stoolt
Rollins
281.434
1,128.926
one of great magnitude, and was never before accomplished Freight
6<)2,943
59.^27 Transportation
by one company in so short a time. Since the gauge has been Mall.
Trafflc
52,187
2C1.201
Kxpress
changed everything has been working sati-factorily. It has Rents
42.H.-i9
Miscellaneuus
100,111
done away with the necessity of operating eleven different
Total (»2,985 per mile) $1,618,432
milei
$2,335,539
per
Total
($4,308
hoists for changing the trucks at points where an interchange
Net earnings (30-70 per cent), $717,106. Add rental, earnof cars was had with foreign roads of a different gauge. The
Total
hoists were operated at a large expense and caused serious ings of C. S & C. Ry.. Springfield to Dayton, $80.6(3.
Payments Rentals. $333,410;
delays to traffic, all of which are now done away with.
available revenue, $797,748.
During the past year the property has been maintained, end interest on bonds, $530,000; other interest, $33,387; taxes.
|

:

AOOCBT

THE CHRONICLE

81i 1886.]

$83,000; New York office expenses and servicee, $15,593—
total, $966,891.
BaUnoe. deficit, $187,043.
OmUAI. BALAJICB (HEjrr DBC. 31, 189S.
Ddeqa
Capltml atoek
Oiwt of i<MdaiHlmalp.«3t.760,772
910,000,000
8i.3U Fiindad debt
Beal nt aad baUd'i.
14,137,300
MtorlaU and fnal ....
135371 Billa payable
20,324
Xtaaa aad Ina. «lr'o««.
I,136,if97
Sd383 CarrentaaeoiuKs
aiak'c Itt. * IM p(. bd*.
30,000 Aoomed lataraet
225,79
Oonaot aoeciub
160.74T
CMhoabMiil
168.894
Total Uabllltle*
«25,520,Tl3
FTCfltaodloM
141,624

TOUl

«2>,520,113

1885.)

"

KoUlnKi-

1,343,68!)

bt.ieU
19.784

KiMeUaaaaaa AtaxM.

925*.717
411.461
2<5.81t
220.140

Tbtol

91.714,733
,91.132,132
Net eamiBKa ($84-56 per cent), $599.6!0; add rental leased
roads, $48,836; other rents, |6M; total avaiUhle revenue,
Pavmenta— Interest on bonda. $639,862: other
$637,073.
taterest. $5,558: r^^ntal leaned linea, $1,861; total, $618,781:
Balance, deficit, $11,706; deficit from laM jrev, $430,500; total,
$483,806.
oawaAi, SALAscB niBBT oaa >1, 188S.
Coat of faad.caalp.... 95.765,700
Bieiii, Ao
918.28t>,38)(
4.000.00O
IfaterUls and foel....
101,344 Paadad debt.
7.318,004)
Ounot aeeoaau
Btlla
S01.4St
paraMe
l,6ue,681
Ckaboohaad
S«.374 Oirrait aoeooata,
PiofltaadlMS
43S.t08j
*0
899,060 18
Total

Tout

.919.069,4161

llabUltlM

.919.089,446

GENERAL INVESTMENT NEWS.
B4Mt«a HooMcTaaael

M Westara.—The followinK gentleheen elooted dirertora: Aii^stus Kountze, Davitl
J. KinK. Wni. H. Molliater, Franc's Smith. Jaiun J. Hi^Kin•on, Jain>~4 O. Sheldon, C. J. LAwrrace. Charirs F. Tag, 8. V.
Whiu*. K'liiert B. Mintom, Daniel B. Httoh, Rudolph Keppmen have

and \Vm. Dowd.

ler

Cairo Vinrennei

June

for

k

Chlcai;o.—The gross and net eanunga

an<l lUx uiontha

were as follows

Wet

""""

1 Id

/anr.lO.
INN6.

.

92-O.K19

41.483

918.407

Alt 990

864.049

99MM

s rinu isi

Jan

«.

1885.
9n.6.il
83,731

1996.

g]oas«Mla«i

:

m

/«

«

OpanOiat

v2u..->30

Central Pael He.—The Statement of eaminics and chargt^o'
Central Pacific "
RaUroad* (1,671 milea), for May and
fire montha were a* follows :

the

Jf«».

1889.

91.2aOJkU
&3«.7M3
ir««awala«*...

Dad set

9901347

9757.728-

.

Tan. 1
1889.

a.

Ouv'l 8.

Oonstr'n

t 'd

* larpfl.

92.751,581

BarpliM

539,453

3.797^65
93.^4.769

15.359

1

9339.781

188.V

93.15S.0J4

9S41.«ft4
3.1

3law»i.-~
9S.348.340
3.696,708

lolaraat.

Hetproat

10

90.00O.l7S
2.6U 8,139

taxea, rvnilaaad

V.

1 to

Deo. 31.

January
February

March
AprU

MW

June...

TMalyear

.

.93,227.459 93.120.343
324.032
427,885
341.386
311.894
344.02)
324,4U1
277,376
276,698
284.1.S2
276.871
320,393
274,476
$1,118,820

«4.021,368

yet Eami:'nait.
.
1883-6.
1984-5.
$98i).513
$855,039

103,944
120,274
84.48S
27,225

100,284
111,878
84,715
43,821

4<i.<i.'>5

25, •(74

138,119

68,718

$1,495,516

$1,288,329

Kansas CltT^ Memphis & Birmingham.— A press dispatch
from Memphis, Tenn., August 15, reports " The Memphis
Birmingham & Atlantic Railroad Company, whicl^was just
about completing

EarnlDga and expenses were aa followa:
EAunaoa.
rtmtagar
$399,034 Kaioteaaaaaot war.

mubt

—

Orott Earnings.
1885-6.
1881-5.

/

July

:

MlaiMpolls * St houla.
(For the y«ar ending December 81,

MalTaad erpreai

217

9339.410

to Tupelo, Miss., sold out yesterday-

its line

to the Kansas City Memphis & Birmingham, which haa
expended large sums for terminal facilities, had began the
work of building at Birmingham, Ala., and which threatened
to build a parallel line from Memphis to Birmingham, This
gives the Kansas City Fort Scott & Gulf a through line from
Kmirss City to Birmingliam."
Maine Central. The gross and net earnings for June
and for six months, for the Chronicle, were as follows

—

.

June.
1886.
1885.

'

Otoas eamtncs
Operating expenses

9365.101
149.834

Netearatnss

9115,267

—

—

Jon, 1 to June SO.
1886.
1885.
$1,293,707
811,412

.

.

$247,865 91.363.258
151.343
880,158
$86,522

$483,100

$449,295

Marrland State Bonds.—The Treasurer

of Maryland will,
on 1st October next, pay all the bonds of the State issued under
chapter 863 of the Acts of 1876, known as the Maryland HosThe interest on these bonds will cease on Oct 1.
pital Loan.
Michigan A Ohio.—The Times report says "Bonds to the
amount of $2,040,000, out of a total of $3,638,000, were
represented at a meeting of Michigan
Ohio bondholders held
this week at No. 30 Nassau Street, for the purpose of hearing a
report of a committee that had been sppointed to explain the
condition and proep> cts of the road. The latter was opened ia
November, 18)il, and was foreclosed in December, 1885, never
having paid any inttrevt on the investment. The investigating
committee, consirtting of J. li, Fisher and FT. K. Southwick,
reported that for tlie first six months of last year the earnings
over the expenses were $11,000 and for the last six
montha $40,000; such a thing had never happenat before since
the road was opened. The Receiver's statemeat showed that
his liabilities for scrip issued merely for car trust purposes
were $614,000, less $35,000 quick assels and $10,000 for court
expenses.
plan was submitted by which bonds at the rate of $8,000
per mile of the completed roail will be issued and $40,000 of
stock per mile to complete and extend the road from a point
on the line about 100 mdeswest of Toledo in a northerly direction 108 miles, with power to build 200 mdes more.
committee wss appointed to prest^nt a full reorganization plan.
The committf H consists of Samuel Thomas, Walston U, Brown,
J. T. Miirtin, R. T, Wilson and Oeorge F. Stone."
—By an ordt-r of Court issued in Toledo, Aug. 18, this road
is to be sold after sixtv days advertising, the minimum price
being fixed at $1,000,000.
:

&

A

A

Mlisonri Iowa

A Nebraska.- At

Keokuk, Iowa, Aug.

19,

was

sold in two portions, both to T. Dewitt Cuyler of Philadelphia, his being the only bid, and the amount
being $600,000. Mr. Cuyler tendered the money, and stated
that he had purchased the road in the interest of the bondholders.
this railroad

Naw Tar k Wood haven & Rockaway.— It is now reported
that AiisliM Coroia and his asiiociates have obtained control
of a majority of the stock of the New York Woodhaven &
Rockaway Railroid, and will probably tike posses-sion about
October 1, though a receiver may be appointed temporarily
before the road goes into the Long Islanii systt-m.
Oregon Short Line.— The g;roes and net earnings for Jane,
and from Jan. 1 to June 80, were as follows:
June.
Jan. 1 to June 80.—

Atlaatir.— The bondholders of the Chicago &
Atlantic road held a meeting on Thursday at the oKiv of the
FarmeiB* Loan ATrostCompiny, at which $.'5.84«.Ono of Ixirids
oat of the $6,800,000 were rppresentMi. Mr. Malott, one of
tbatraatrea, nreaided, and it was unanimously reaolved that
tha troatees declare the principal of the mortgage to be due,
18HS.
1885.
1886.
1885,
•Bdthat th«>y at once commence foreclosure proceedings. Gross samlnss
9173,130 9162.730
$943,267
9766,525
Messrs. J. H. Benedict, J. J. McCook and George Snerman Operadnc expenses
127,305
118,397
681,809
573,283
were appo{nt<^ as a purcha>ing and reorganization committee.
Net eamlnss
$193,248
945.825
$14,333
$261,458
Mr. Benedict is reported as stating that there was nothing fiaid
at the meeting about the proposed arrangement with the Erie,
Paril A Decatur. Messrs. Simon Borg and others, forming
bat nnder that arrangement the Erie Co. is to give 105 in a the bondholders' committee, give notice that bondholders
SB-year bond for the present C. ft A. first mortgages. The desiring to participate in the reorganization of the road are
new bonds will bear 4 per oent the first fire years and 5 per req tested to sign the bondholders' agreement and deposit
osnt thereafter The amount to be issued will be $10,000,000. their bonds and unitaid coupons forthwith with the Union
wHh the privilege of tislng $9,000,000 more to be held in the Trust Company. The fale being fixed for September 80,
immediate action is required. The committee reserves the
trsasory as a oontlngaocy for improrementa, etc.
right to decline to receive Iwnds at any time without notice.
Ckteaf* BarliMTtaa M Northern.—The directors have The plan of reorganization proposes that liolders of bonds
deoidad to i»ae ^,000,000 of 6 per cent 10 year debenture assenting thereto shall receive for each $500 bond, carrying the
bonds to build small eztenaiona ana branches; also to provide January, 1876, and all subsequent coupons, $500 in preferred
for equipment and tanninala. The atory of the purchase of and $.500
in common stock. Junior creditors and stockthe Oreen Bay Winona A St. Paul k denied.
hotden), hy paying ten per cent assessment, can take new
East TennMwea Ta. A Oa.— The Purchase and Reorganiza common stock for their present holdings.
tion
gives notice that the certificates of the CVntral
Rome Watertown & Ogdensbnrg.-The gross and net earnTni
of New York and stamped stock certifioatf s ings for .June and nine months were as follows: Since April
/eabia on and after Friday, August 20. for new in 1K86 the Utica & Black liiver is included, making mileage
16 B«st Teonaaaen Virginia ftOeor^ia Rnilroad
655, against 449 last year
'^ordinoa with ihe agtvement of reorgani/at'on.
> ,-8ept. 1 to June 30.-«
June.
1885-6.
1885.
IH84-S
1986.
-'nent of Ave per rent on inrome bond certificates
$U0,H10
Omu earnings
$332,101
$1,558,984 $1,220,924
••• and payable on the
same day.
92,463
905,803
823,353
Operating exp. and taxe 142,483
.i-TosB and net earnings by months, reported for the

ChlrsfO

it

.

.

.

—

'

:

,

(

Mi;.

i.B,

are as follows

:

HstearDloss

<89.ai8

$49,347

$563,183

$397,573

THE CHRONICLE.

218

Albany as follows
X.T. Onl.
1p85.
$4fll,256

Net earnings
Income other sources..

<t

$43,037
24,356

$39,410

def.$44,S64 sur.$32,2(j9

—itanhaUan Eltv.

,

188B.

Gro?s earnings
$1,773,^23 $1,959,052
Operating expenses...
914,441
978,691

Net earnings
Other Income

17,284

Total net

462,532

.

IbSti.

$214,962
216,620

$35,772

$28,342

$283,118
260,953

$201,975
303.927

499,264

.

,

1885.

Ib86.

1885.

$418,913
Oiierating expenses.... 271,914

$658,098
411,301

$107,478
134,949

$120,678
113,326

Net earnings
Other income

$146,999

$246,797

def.S 27,471

$7,352

6,498

7,'^28

Total income

$153,497
157,509

$254,025
223,314

taxes...

Balance

—The Stockholders' Committee, of

is

.

.

1886.

Gross earnings

&

enable the court to pay."
which Mr. M. Burr, Jr.,
chairman, is moving under the advice of counsel, and has
issued the following notice: "In view of the fact that your
committee propose to take legal proceedings at once to defend
your rights, which we believe to be very valuable, and regarding the plan presented by the Wistar-Flemink? joint committee
grosi-ly unjust and jeopardizing to the shareholders, we have
therefore decided to call on you for the remainder of your
subscription, viz 10 cents on each share."
Since the receivers took hold of the Texas & Pacific Railway Company, they have purchased and paid for out of earnings of the road, 8,106 tons of steel rail?, costing $308,196.
Gov. Sheldon states that the company has contracted for
12,000 tons of rails and is now negotiating for 4,000 more.
He
estimates the total expense of steel rails at $500,000. Since
the receivers have been in power they have expended between
$600,000 and $700,000 for improving the motive power and
petition, will

$113,834
.$498,139def.$101,852
$22,165
Rome W.<tOgdena
Soulhtrn Oen.

Surplus

Int., rentals

—The Committee of Income and Land

of

;

$-i76,366def.$997,703

& taxes..

Int., rentals

$980,361
17,342

$?.59,082

Pitlt

$297,240
211,468

Grant bond holders,
which Mr. S. J. Drake is chairman, issues its circular under
date of August 18th, and urges upon bondholders the importance of dei>ositing their bonds in the Central Trust Company.
$28,342 The circular says in objection
$85,772
to the joint Wistar-Fleming
112,822
108,663
plan that, as to the lands: "It is very evident that you should
def.$22,8gi def. $84,480 manage them yourselves through your own agents.
If you
deposit your bonds with the Wisiar Committee, you not only^N. Y. it If. England^ do
not secure fair and equitable terms, but you, at least, start
1888.
1885.
$787,840
$922,759 the management of your lands in the control of parties who
652,741 have an adverse interest. The character of your security
593.67K
$194,164
$270,018 must be changed the property will be sold, and unless you
13,100 join in its reorganization, you will have to take eufh price for
7,811
your bonds as a forced sale at auction, probably without com-

$59,410
27.140

1885.

<t

1B85.

408,219

Tax's, rental. Interest... 112,357

Balance

-Buff, lioch.

18,S6.

$67,393

Total net

-

Went.—.

$332,256
272,S46

def.

$7,352
46,351

$27,471
45,080

—

def $4,012 sur. $30,711 def.$72,55ldef. $39,199

-Veto

Tork Cent.

—

>

<t

Hudson Hirer and Uased line*.

end. June 30.
1885.
1886.

(^xtar.

— —9 18M5.
mo8. end.
.

.

XLIU

pars graph as to the issue of new stock, which reads aa follows
" The new company Phall have a capital stoi-k of |-J0,000,000;
of this amount |32,165,.')00 shall be issued in exchange for a
like amount of existing stock, and not exceeding $6 52.5,000 in
payment of the floating debt due the Missouri Pacific Railway
Company not exceeding $1,305,000."

Kailroadst in New York State.—The returns of the following roads for the quarter ending June 30 have been filed at

Gross earnings
Operating expenses

rVoL.

Ju^ie 30-

—

1886.

Gross earnings.... $5,603,634 $7,570,411 $18,376,026 $2!,7S9,-.il3
13,732,701
Oper. exrenses.... 3,878,863
4,841,131
11,819.165
Expcn. to earnings (69-22 ii.c.) (6d-94 p. c.) (64-32 p. c.) (630iip.c)

,

stock.

Net earnings.. $1,7-24,770
First chaiges
1,485,000

$2,729,279
1,926,000

$2,S9,770
(is)417,141

$803,279

$2,086,860

$2,737,512

(1)894,283

(3)2,6o2,849

(3)2,682,849

$207,370

$91,003

$595,988

sur.f54,663

$S,053,512
5,319,000

$6,5.=.6,860

4,470,000

603,760

628,037

$10,736,108 $10,014,070
4,02i-,258
4,o27,988

$2,591,729

$2,463,189

$14,758,366 $14,042,058

$1,021,540
63,902

$1,070,321
209,786

$5,316,341
815,713

$5,016,461
1,550,205

Tf abash St. Lonis & Pacific.— As announced in our advercolumns, the purchasing committee of this compa ly
accept the modifications of the original propositions, and
propose to carry them out as soon as the requisite numter of
bondholders have signed the agreement.
The modifications provide for the payment of one of the
overdue coupons in cash and the funding of two, instead of
funding three as originally proposed and it is also agreed
that as soon as it can be done, legally, the new company will
execute an omnibus or blanket mortgage covering all of the
main lines of the company both sides of the Mississippi River,
taking precedence of the new debenture mortgage, and into
this will give the holders of all the divisional bonds the option
of converting their bonds or of retaining them in their present
shape, extended f' rtv years, with new sheets of coupons.
Under the new rcortgige each of the old mortgages will
retain its present order of rank, with the additional advantage of covering all of the main lines, instead of sections, as
The old bonds, when exchanged, will be held by
before.
uncanceled, until all or nearly all have been
trustees,
exchanged, bo that each mortgage will keep its present
security intact until the process of conversion shall have been
Further particulars in regard to
substantially accomplished.
this new mortgage can be found in the letter of the purchasing committee, printed in the report of the bondholders' committee, which can be obtained of Mr. O. D. Ashley, 195

Total net
$1,088,442 $1,280,107
Bent'l leased lines..
46,681

$6,162,054
280,082

$6,596,666

Broadway.

Profit

Dividend paid
Deficit

tising

—

Sonth & North Alabama. It is stated that the stockholders of the South
North Alabama Railroad, of the
Louisville & Nashville system, have authorized the issue of
$10,000,000 of consolidated bonds, running filty years, at 5
per Cent interest, to take up the present bonded indebtedness,
on which 6 and 7 per cent interest is paid. The increase of
about 13,000,000 on the bonded debt is to be used when found
necessary to improve the road.

&

Southern Pacific Company.

—The

following

a compara'

is

tive statement of the earnings, expenses and fixed charges of
this company for June, and from Jan, 1 to June 30. The total
mileage is 4,704, against 4,678 last year.

—June.
Orotf earnings—
Paclflo 8}>tem

1885.
$l,83i,l.=il

Atlantic system....

Total gross
Net earnings—
Pacific system

Atlantic system

Total net income
•Fixed charges

Net

profits

Construction

&

.

1886.
$1,<'8 ',969

Jan. \ to June 30.
l'*S6.
1885.

.

$6,442,136
6,977,016

$1,13.^,123

1,162,836

df.$27,713
imp.
55,792

def.

$534,340
164,863

df.$S3,505

def.

$699,743

Balance

•Includes Interest, rentals. Cent. Pao. guarantee, taxes and U.

Sonera.

June

30,

— Gross

and net earnings

were as follows

0,^eiating expenses

..

Net earnings

Texas

&

—

for June,

dues.

8.

and Jan.

1 to

:

June,

.

G -OSS esrntngs

.

.

.

Jan. 1
1885.

to

June

30,

—

1885.

1886.

$22,382
18,580

$22,216
17,822

$149,510
117,930

$142,499
114,633

$3,796

$4,391

$31,580

$27,866

1856.

Pacific. N'otice is given that September 3 has been
fixed as the limit of time for the deposit of bonds under the
modified plan of the Cotnmittee on Reorganization of the
Texas
Pacific Railway Company, after which date securities
will only be received on terms to be then fixed by the committee.
majority of the Rio Grande Division bonds have been
deposited (including about $600,000 on the way from Europe),
and aleo a majority of the N. O. Pacific bonds, and the certificates for each of these have been listed at the N, Y. Stock

&

A

;

Meantime the old bonds will be extended at a uniform rate
of 5 per cent, with new sheets of coupons, and the holders can
elect whether to make the exchange or not as soon as the new
mortgage and the bonds te be issued thereunder are ready.
As soon as a majority of the outstanding bonds on all main
lines mortgages east of the Mississippi have been signed for by
the holders, the purchasing committee will, if possible, arrange
to have the one coupon cashed at its face value, a'ld also provide for the payment of the first coupon of 2% per cent
under the reduced rate of interest. Assenting bondholders
will thus be entitled to
1. Cash for the overdue coupon of longest date, and also for
the first coupon of the extended bonds at the reduced rate.
2. Coupon bonds or scrip bearing 5 per cent interest for the
two overdue coupons to be funded.
3. New sheets of coupons of the new company for the
extended time (forty years), payable semi-annually, at the rate
of 5 per cent per annum.
4 Holders of all mortgage bonds on the main lines, senior
to the new debenture mortgage, will have the option of
exchanging existing bonds for those of the omnibus mortgage,
as soon as that instrument can be prepared and executed.
The time of payment of the coupons, as stated in the first
proposition, will of course depend upon the assent of the
tondholders. If an early adjustment is considered desirable,
the bondholders must sign the agreement of assent promptly

—

West Alabama. A press dispatch from Mobile, Ala. says
Exchange.
the city authorities have granted the right of way through the
The full scheme of reorganization, as modified under the city to the Mobile & West Alabama, formerly known as the
agreement of the Wistar and Fleming committees, has now Alabama Grand Trunk Railway. The work of repair and conbeen printed and can be obtained at the Farmers' Loan & soruction of the road will begin at once, the road lo be comTrust Company, or at the Texas & Pacific office. No. 195 pleted to Jackson, Ala., 56 miles, in six months, and to some
Broadway. The agreement is nearly the same as that pub- Northern connection in one year and a half. The road will
lished in the Chronicle of August 7, page 164, except the run to the coal field at Birmingham.
,

ADQU8T

THE CHRONICLE,

31. 1886.]

The

COTTON.
Friday.

(r,otnmcrcta\ X^tmcs

P. M., August 20, 1886.
as indicated by our telegrams

Thb Movemkkt of thk Chop,

COMMERCIAL EPITOME.
Friday Nioht, Aug.

20.

18S6.

hascontiiiue*! very unsettled, though in
mercantile circles its chief »tte<3t has been the cancelling of
80me FpecuUtive orders, but causing holders to be more free

The money mirk»t

sellers, it

2ig

has counterbalanced

m

the export trade the decline

from the South to-night, is given below. For the week ending*
this evening (Aug^ist 20), the total receipt" have reached 8,991
bales, against 6.660 bales last week, 7,6'^ bales the previous
week and 0,060 bales three weeks since: matcing the total
receipts since the Ist of September, 1885, 5,:^37,618 bales, against
4,744,061 tHiles for the same period of 1884-85, showing an
increase since September 1. 1885, of 593,557 bales.
Bueipttat—

—

no easiness.
The speculation

in lard for future deliTcry h»« been less
on the news of large purchases for export there
was a further advance in pricei', which is well maiDtiined, as

active, but

|9 50O$10 for extra prime andtlSSO^flS for clear. Cutmeats were fairly active, but at • farther reduction pickled
;

ud

sboulders ei^'d
9l4<S9^r., pickled ham^ 1 1 ^(911^0t*ic; amuked ham* IS^^iglSc and shoullers 7^97^0. IWf
is dull at $8 fiir extra mea« and |8 50 for padMt per bbl. and
•12(i|13 t>v IndU meas per tierce. Beef h^nis are |'24(4|24 SO
per bbl. T«llow has been active ani oloe< rtrmer at 41^0.
BtearuM sells fairly at 8^. and olaomarKMioe at "^^'c Buiier
Cbeeee has been quiet,
ii Ormmr at n9-.tS){c for crcnmeir.
bat close* firmer at 7>{90e. for State factory. The swine
slaughtrred at ibe principal Western towns from March 1 to
latest date* numbered 8.9JS.00O, acaioM 8,U3,0U0 for the corresponding pfri<>d l«at season.
The foliowinK is a comparative summary of aggregate
exports from October
to Anguat 14, for two y«ara
laM-Ji.
iMk-«.
DSSw ».01.\400
SS.SOB3M
433tS.S00
rofk
lb*.
las. 39.M4394
S6.:.903.r73
Baeoa.Ae
lbs. S9<J37.1«7
It0.b77
Des.
1;8.246.J37
Lard
lbs. 8K.li5.4M
There has been active and buoyant market for all growths
of coffee 00 the sp<it; ahi>ut 60,000 begs and mats weseaold
in a single day, and pnces Itave advanced. Fair rargne* of
with additiaaal salee of SO 000
Rio an quoted to^lsy at
bags. The specalatioo in Rio options ttaa also been a<:tive
and buoyant for some dsys past, and eoollnoed ao to-day.
closing with reliefs at 8-40c. for September. Ootober, November and D>'nemher, 8 43c. for Janua^, 6'90a for February and
8 S9c. for Maich.
R»w Bugarn hitve continued to favor boy*"* ^itb a very
moderate tra^e, closins q'liet at 4 • 16c. for »ir refining Cnba
and 5 A-Sic. Uit centrifugal, liO deg. teat. R<>fined mgars are
the turn cheaper at 6^40. for omahed.
ul awts quiet, bat
tc-day 800 hhds. black strap sold for Septamher st lOo. An
aoetlon sale of teas on Wednesday, when 7.67S half chesu
were told, incloding Moynne hyson at lSai7^c., youog
hyson 18a 18c, and new Imperial I8OSS0. Spiora are quiet.
Kentockv tobacco has been more active, and rales for the
week are 490 bbd*., of whicli 800 for export. Pnors are very
firm. Si-ed leaf has contiooed to sell freely, and transactions
for the week amoant to 8.218 eases, aa follows: 100 ca» s 1881
crop. PennsylTsnia. aaiiWc.; 190 oases 1&9 crop, Pennaylanis, 79nWc.; sraoaaaa 18(f8 crop, PawuylvMila, 7011^a:
400 caa^ 1*MB crop, Penmiylvania, 8){(aiS«-: I'^O «»* ^^^
crop. iVnn-ylvania H«vana, private termi; 900 ens* 6 1885
crop. Ohio. 5)^ftB.: 487 caars 1884 crop. Little Dutch, IlH<i
13c.; too omtm
crop, New Englaod Havana, privaie
terms; SM OMea 180S crop. New Eoglaod. IS^^lSWc; 100
cases 1806 crop. State Havana, private t^rms. nnl KO cases
Bondriso. 79880.; also 40U balsa Havana, «0c.9|l 03, and 290
balcaSanatra, |1 20011 SO.
Thm ipeonlatioo in erode petroleum certifioatee continued
trltlMW recovery until to-day, when there was a very active
marlMt at advan' ing prioaa, and the close this afternoon is
8?H<i 03^0-: crude in bbU qaatsdat6X9«)<c-; refined in bbls.
8S9^o-. •od io CMsa V^(ili%<i.; napbtna, 8^0. Spirits
tnrpentine has bei-n in mote active reqneat, and tne prioe has
advanced to 8Sa, with a steady cloeiog. Rosins are firm at
$la$l 03 for strained. Hope are lower and unsettled.
On the Metal EcdiMice pig iron osrtifloatsa were fiit at
bellies

M

»^.

M

IM

Block tia opssMd quiet. t>ut beoam* brieker at 31-65
911 8i>3. for fatare delivery. Ingot ooppsr easier, closing
steady; L«ke. 10-209IO-SSa on the spot aod 10-459 10-65o. for
late futore*. L Md dull at 4VS4 IS-I60., and spalter nominal
•18-12>^.

•t4^e.
Ocetn

freights have been dull to British ports; neither grain
nor cotton offend in larg,t qiiantiti<«, and rates ar extremely
low; Liverpool l)i91^ I. ami lyindon 2^i<\., but a numtM-r of
steawiirs kave bneia entriert^t 10 loid wh^at to the Cmtinent,
Kftily 00 private terms, but one to BordeMiz at 7o. Petroto port.
Gb«rtan Itare bee* aotiv* at as. •d.9 8s.,

r»i«r».

PH.

Total.

79

1,196

459

704

IsS

800

3,121

92

227

704

88

6s2

732

2,525

16

19

47

2t

69

259

14

'»7

13

Savannah
BnuisWk. aus.

25

13

48

Charleston
Ft Royal. Ao.

11

19

Va

80

11

3

VUmlDKton
14

"7

7

1

43
26
10

8

Boston
Baltimore
PbUadelp'a, Ao.

83

20
298

1,845

98

17

TotalatUawsek

'1,949

l,8fl4

1,270

"2

3

Moreh'dC.fto.

tocks en hand are considerably reduced. The close thi« after- Norfolk
noon is im^gular at '•Me. for September, 7'15a for October^
WestPolnt,Aa
OW;. for November and 6-85r. for December. Spot lara New York
further advanced, closing at "-aOc. for prime city, 7-50<a7-53c.
for prime to choice Wee tern and "-(Wc. for refined for the Continent Pork has remained dull and prioea are nearly nominal at |ll(§$llSOfor Dew mess, fia SOt^flS SO for family,

V«t.

ru«t.

JTon.

8tU.

and in many stapUs— notably wheat and Galveston
lard the tranxactiona on shipping account have been liirge^
iDdianola, ifaj.
Other staple^, as the supply from t'le new crops increases, will New Orleana...
Labor troubles are now nowhere MobUe
also go forward very freely.
Florida
Benou*, and the foreign tSiirs of the United States cause no
in cttrlinK eschnnge,

7
10«
79

88
50

sol

38f

99ll

135

185

140

1

1,901

1.137

1,«60

8.991

For oompanson, we give the following table stao wmg ctiu week'
total reoefpts, the total sinoe Sept. 1, 1885,

and the stock to-night

and the same items for the oorreeponding periods of
1884-A5.

1885-86.

SaeXptoto
Atigiul SO.

OalvestOB..
lDd'lMllB,te
New Orleaoi.

MobUe....
Florida...

Savaaaak.
Bi'aWk. Ao
CharlescoD
Pt.BarKl,*c
Wllnilngtoa

M'bMdCAo
Norfolk
W.Polat.*e.
New York...
Boaton
Baltimore . .
Pblladal'a.Ao

Thit

riM*

Wtk.

1,1885.

Bincta«p.
1, 1884.

458,468
418
11,618
929 1,536,427
75 329,346
29
76,S44
557 721.681

3,456

1.638

24,865
3,140

IS.tfOft

33*

10.897
511.353
7,815
03.636

153
8
10

yaar^

1880.

1880.

1,451

703,781
781
2,S2.-S I,745,3iO
47 347,326
30,16
359 798.633
16,253
97 501.713
14.476
101,187
7.921
563.640
381.694
66,723
122 3»4
«6,3i2
56,539
8.431

last

nocAc.

1.889

......

t

8,910

1,8«»

1,590

"ftit

m

S*»7

9.621

549.405
383.049
68.663
83,310
43,415
58,719

69
22'J

110
21

356

915
4
113,149

3,302

128.984
7,110
10,582
10,924

6310
1,473
4,177

197,079 145X27
4.402 4.744.061
8.9915.837,613
Tbtal.
Nora.—Stock at Now Orleana eoantaMl Aag. 9 aod 14,070 l)ales added
as oorrectlua of rsoelvta Ince Sept. I.

In order that oompanaon may oe made with other years,
seasons.
give below the totals at leading ports for six'~~

MobOs
Savaaaak

...

Charl'st'ii,Ae

3.421
2,525

984
332
90
303
306
50
367

1,869

9i9
75
037
155
10
69

47
209
97
7
109
79

1831.

1883.

1883.

1884.

1886.

1886.
OBlvast'B,te.

6,196

6,108
1,899

165

622
54

1,341

3,721

.137

256
106

wo

7T58*
10,908
2,16»i
6,718:
1,803'

190

221

107
488
42

4011

284

...

2.447

738

412

1,173

677

4,308

Tat.ttlsWk.

8.991

4.402

2.865

11.365

13,352

~i 3^078

Wllm'Kt^Ae
Norfolk

W. Point, 4c.
Allolbera

1,221

1,207;

ainoe<v>nt. 1. 5837.<I18 «*44,0«1 »913 7(»3 .5971.930 4681,543 S84t,201
uaiveaiuu inoUidea Indlanola; uliarlestoD Includes Port Buyitl, Ao.j
Wilialaiitua 's^rlivilet Moreb'd City, Ac; Weat Point Includes City Point.Ae.

Toe exports tor Uie weea eu'ling ttus evening reacn a total
of 0,4S8 balea, of which 8,977 were to Oreat Britain,
Below are
ti France and 481 to the rest of the Continant.
the exports for tl>e week and since September 1, 1886.
IFMlk

Onot

/fwa—

BmMln

Avgiut

OaiM.

Bm,"*. Promt* „«„,.

M

IVam **(.

IbKU

OrxK

wii.

Ar<la«>.

I

I,

isas, u> Aug.

Naw OrlasM

8«i,aa»sos,ats

til

47,4ia|

Mobile

...

1880.

TM«i.

rrtuut

S84,007| ie,S4S

OalTMtoa...

M.

19.811 "sisiM
8a8.7«S i.6tB,8aa
47.416

rioiida.

Cbarlaatoa

.

48,186

Wllmlaatos.

3SSJIM

Norfolk
York..
BoitoD. ...
(trtltlaora*.,

Ptallwlalp'a.Aa

ioi.sw

«17.»)<)!

4S3Z7

»S.ue«
«.MI

SSi.BlS
73.aia
847,480
ae,809
828,180
188,817

1,836

83.8'43

ISSJlt

4.808

SS.Sm

MM

4.619

«•!
S7I
87

ie»
....

4,BIS
•kl
Vt\

B<0.itl7

87

IW.047

ISV**
ia8,:Mf

ss,iM
8.848
i«.»4i

4S.«S4

WMtPolatUka

Naw

ssLSse

ioi.4oe
SJHS
S«.I8S SS.(MS

SaTumab....

<

m

>

TotaL

»,4B8|uin.as] 4(H.78» 1,888,795 4Jue,BM

TsTT

4^,489 l.nse.ns 1.W06 868

«OTB.-tbeexp.,rUifro.u New Vork to Oreat* Britain InoUida 48,783
'"
"""
ports.
balestoHiili., wblob were re-exporled from Qrsat Britain (0 BalUo
"

"

THE CHRONICLE.

220

In addition to above exports, our telegrams to-night also give
OS 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
ft Lambert, 2i Beaver Street.

[Vou

XLIII.

The Salru and Prices of Futukes are shown by the followioR comprehensive table.

u

»

j3g| illi'

Prices Sales,

'

mt

Friday,

Closing

Monday,

Saturday,

sales,
Prices '<ales,

Frloes

losing

mnnlnflr.

•1

On SMpboard, not cleared—for
Stvutt

20,

AT—

Leaving
Other
dreat
France. Foreign
Britain.

Ooatl-

Stock.

Total.

loite.

11

Aug.

paid

1
HI

T''osl'

None.
None.
None.
None.
None.

None.
None.
None.
None.
None.
None.

4,000
3,000

2U0
None.

6,378

Savannah
GalveBton
Korfolk

Kew

York
Other ports
Total 1886.

Total 1885
Total 1884

20O

12,378

637
None.
None.
50
None.
None.
None.
None.

687

2,800

None.
None.

8,957
9,001

The speculation

None.
None.
None.
None.
None.
None.
2,800
None.

172

1,874
3,780

6,015
None.

18,850
3,140

B

None.

1,.530

50

2,860
3,156
3,302
121,984
25,832

None.
None.
7,000
3,000

134.424
131,414

11,003
13,026

275

in cotton for future delivery at this

market

has been rather dull for the week under review, with the tone
quite unsettled, and the course of prices fluctuating, as well as
gomewbat irreg^ular. Early in the week some stren gth was
Bhown on unfavorable crop accounts and diminished stocks
abroad, giving encouragement to operators for the rise. But
^hen came a fresh decline in silver and India bills; weak
accounts from the Continent, and favorable weather for the
growing crop, except in parts of Texas, whence complaints of
defalcation
injury from drought continued to be received.

I

-J

l-«

c

1

CO

Good
Btr.

Ord..

G'd Ord

Low Mldd'g
Btr.L'w Mid
Middling...
Qood Mid..

Mid
Mtdd'gFair
Btr. G'd

Pair

OrdJn'y.«l>
BtrlotOrd..
Good Ord..

7

7'',8

77,

738

77

83h
813„,
93,8
«'1«

R3fl

8518

8%

813,8
83,8
97,8

8!li

9%
938

Wed

FrI.

6%

6",«

611,8

7Si8

718
8ii«
8»«

7>fl

8ifl

815,„ 8''8
9%
93li
MlddUng... 93e
ai-in
Oood Mid.. y'R
94i
Btr.«'dMld 10»,„ 10
Mldd'g Fair 10«,6 10%
113,,.

11

«'l«

616,8
73r
86,8

8%
9%
9%

Sia
«''r

9%
ttl^Ifl

9!il

10

10%

STAINED.
»lb.
..

99] 8

10!l8
1038

lO^ifl

1013,6
117,,

XIl.
67fl

76,8
8'4
8l'l«
U>ifl
96lfl

Sat.

Oood Ordinary
Oood Ordinary

94

loie

7

616,8

7%

813,8

77,8
83r
813,8

93, i

93, i

918

97,8
95;"

37,8

9%

9 si

99l«

18

86,8

\0\
11%

lOig
1018
101
107.8 107,8 lOai
1013,8 1013,8 10%
117,; 117,8 111%

Frl.

Wed

67r
7B,8
S'i
811,8
»llll

SsS

616,8

7%
86,8
8%
958
9%

Th.
678
7616

SH
811,8
S'l*
96

61>8

Mon Tnes Wed
6»(i

6»18

7m

.

lrf>w Middllilg._,
MlddUng... .....•..••..•^.. ......

878

878

81,8
816,8

Til.
61,
73,-

6»I8
714

8°

8'3,t

8%

^^

Mon

Quiet and firm
Dull

Tnes

Sleady at lisdeo.

Sat.

.

....1

12

500

205
163
180
514

ut't'n

205
177
680

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to

Includes saies In September, 1885, for September. 130,200 SeptemDer-Ootober, for October, 301,700; September-November, for November,
416,400; 8ept«"mber-Df,cember, for December, 928, 2oO; September-Jan,
September-February, for Febiuary,
uary, for January, 2,004.200
1.370.00< Septembi^r-March, for March, 1.745,40(i; 8eiit»-niber-Aprll,
1.59.!,8O0;
September-May,
for May, 2,793,400. SeptemberApril.
for
June, for June, vd.2»ti,200; September-July, for July, l,65i7,800.
auuvt^
imuio, auu etuaii uuuiiuae eacll
nave
luuiuaeU
lu
tuts
We
week to give, cbe average price of futures each day for each month. It
following
the
abbreviation " Aver." Th«
under
dav
each
will 1 6 found
average for eaoh month for the week 1(* also given at bottom of table.
.Monday 9-35o.i Tuesday,
Saturday,
9'33o.;
TraDs.-erabie
Orders—
9-30<i.; Wwinesday, 9-30C.; Thursday. 9-2(io.; Friday. 9-150.
Friday,
9-17o.
Short notices for Aug.— Thursday, 917o.;
•

;

;

;

.Oertt-

ScUet.

erif

22.8OO;
4.i,300'
5(1,4001

3ii0

3,6451 45,700

SOO
400
200

Total.

5,9673,1621

9.129 266,500

1,200

The

05 -J

1

«w 5

tcto

1

6I4
73,8

1,050
2,000 S.-iS
2,405 1,240

2,858

toto

a*:

^

1

Fri.

Wed Easy
Thun Steady sreT.quo.
»W.. Steady

l,f.64

<o«

0>il>-r-^

COCO

10 to

w

5

$it.

5 «to 5
9

tea,
tOK>

ccao

^M„

COCOqCO
totoOto

#>

w
to

:

i

^0:

to

KJ

«oto
Cd

OS

Oon- Spec- Fran- _^
'^otal.

rump

6i.«:

a.2

obo

5 »|

toto

»
x

0'

oto

MW

-co

76,8
814
811,8
91,

BALES OF SPOT AND TRXHBrr.
Ex-

B

^S§?
01

t^toOto

678

8%

1

1

o>^
COCO qCO

Frl.

The total sales and future deliveries each day during the
week are indicated in the foUowmg statement. For the (x>nTenience of the reader we also add a column which shows at a
glance how the market 'closed on same days.

port,

9S^

1

UABKBT AND SlLBS.

SPOT MABKET
CLOSED.

"^

8!li

96 i
91,
9»18
9ii
94
^IR »^
915,8 915,8 101,8
101,8
916,8 916,8
10% 103,8 103,i 10% 1(13,; 103,8
10% 10«,8 10»« XOH 10»,8 109
113," lis!!
1138 '11S,« 113,. 11%

111

Btrlot

9

00

non Tne*

Sat.

615,6

Wed

iiOW Mldd'g
Btr.L'w Mid

Toea

7

9»8
lO"*
107,8
1013,8
117,.

Tto.

Itlon

K.K)

totcOta

TEXAS

7

V»in
«>«
83ia
«»!«
8»i
8<>R
816,8
9
9
934
914
93|«
97 1«
93s
9''i6
giSie
9^8
9'°T«
10>4
10>4
103,8
105»
1058
109|„
11^ U>4 llSlB

Str.G'dOrd

Fair

Sat.

*r:
OD

!J

1

tO®o»

10

ri^^

6%

1

•1
ko
»
«

2

hOK)

''

^1 CD«0^

-4

61»,«
7I4
88 18

ODCW

1

^(^

1

each day of the past week.

61S|«
7J4

^

oco

00

00

Ordln'y.ipib
Strict Ord..

»
^

a>

«o«c<o totsSto ®coo«
m^Om :.KiO^ totoOto

00

—

NEW ORLEANS.

to

©r"-

toto

c

COO

®» 5
Mkl S

>•
^'^

1

B

M«>

t-

toS."

•

obo

It^-OD

For immediate delivery the total sales foot up this week
9,139 bales, including 5,967 for export, 3,162 for consumption,
•^ for speculation and
in transit. Of the above,
bales
were to arrive. The following are the official quotations for

UPLANDS.
8M. mon Tnes

to*
•tog?

M^
Ctf*.

-1
CO

to

ffl

**?

00"
»4

u

05>8
a

14

(range

to

to

§

bales.

Aug. 14 to
August 20.

(range

0«'iC3.

?,

s

Oa Thursday,

—

16-

to

which brought embarrassment to two leading cotton
and dearer mone y, were also among the

a general decline took
place, options for August showing exceptional weakness. Today, a slight early decline, under a weak Liverpool report, was
Eartially recovered on large spot businesss, but in the last
our the decline was renewed under reports of rain in Texas.
Cotton on the spot has been rather more active for export,
with an improving business for home consumption, but
offerings have exceeded the demand. On Tuesday quotations
were reduced l-16c. Yesterday they were further reduced
l-16c. for low grades, I-I60. @ %o. tot medium grades and
8-16c. for high grades.
To-day ihe market was active for
export, with a good spinning demand at steady prices, middling uplands closing at 9 5-16c.
The total sales for forward delivery for the week are 266,500

Aug.

fil ig!^

Hi

»

mills in that vicinity,

adverse influences.

paid

S II

A

in Boston,

Aug.

-

181,014

16,065

:

total

total

paid

20—
(range

irewOrleans
Mobile
Charleston

'

•lEV

total

44.4001
57.900;

dally deliveries given above are actually delivered
pierloiis to that on which they are reported.

the day

U^

Tue following exchanges have been made during the week:
•26pd. to exch. 100 Sept. for March.
•01 pd. to eich. 100 Oct for Sept.

Even 300 October

for

September

09 pd. to exoh. 100 Deo.

for Jan.

|

|

|

|

-30 pd. to exoh. 100 Sept. for Mar.
-01 pd. to exch. 100 Gist, for Sept.
•.')2 pd. to exch. 50o Jan. for July.
-07 pd. to exch. 100 Aug. lor Sept.

-

I

AuausT

THE CHRONICLE.

21, 1880.J

Tbk V uuBUt Supply or Cotton to-m^ht, aa made up by cable

nd tel^raph, ia as follows.

The Continental stocks,

as well as
liioae for Great Britain and the afloat, are this week's returns,
and oonaeqaently all the European figures are brought down
to Thnraday erening. But to make the totals the comolett
flgurea for to-night (Aug. '20>, we add the item of exports tir
tbe United Statea. including in it the exports of Friday only,
1843.
1SS3.
ISSe.
1884.
7TK.000
64S,000
balsa. 533.000
891.000
Btoek »l UTerpool
24,000
22,000
67.000
50,100
I/ondon

m

537,000
4.U00
S2,700
20.000

Total Oreat Britain itook
I at BambarK

latBraBcn
jat Amatenlam .._

ioek at BottenUm
aioek at Antwarp

MMkatHarre

Btook at ManMinas

MottatBanalaaa.

took at Genoa.
MoekatTrtoata

670.000

5300
85.700
88,000

1,900
B.oOu
99,000
lO.OOO
65.000
17,00u
12,000

BsTannali. ..
Oharleston .

290,8i.O

Baltlmote....
Philadelphia.

9"8
9«B
9^^

Angosta

8%

Memphis
BtLools

9VI
9>4
9>s
9>4

800

900

1,900
166,000
4,000
48,000
9,000
9.000

3.300
tl4.000
6.000
59,000
13,000
10,000

4»),300

318,100

IMihaaropsaastoeks....
mrTTT
!«
Mttna sisst
hn
MM sinra

824.300
144,000
3u,000
4,000
197.UT9
40,C82
9

988,200 1,2A6300 1.232,200
6A,000
161,000
211.000
35.000
13.000
87,000
is.ooo
j^i.ooo
2,000
144.110
231.713
143.427

tiii^ii

alliial

ifia rrUn

iilK.lfcM^l.fcii

ModbTOiSSdiitataBparU
Btoek

In

n.

B. iBtarior

..

towns..

DnltedStatMSzportsto-dar.-

15,911

13,6'J5

4,700

6.700

37,705
8.3u0

1,288.468 1,U8.3S8 l.a29/>65 1.791,917
TMal vMblaaanMr
Ottt «atwrr».tfce t s i a H al AMartsaaaadoUMr Haamtte iisarass foUo» »
l

UfafPOOl Sloek
OMllMllal SlOSks

AmmIobb afloat

S72.000
170.000
2'.0oo

talaa

lor

KiuoM...

197,07i>

Dattsdatstas Sloek.
Daltad lates lalertor stoelM..
Oausd Kates a«portsto.day..

40,082
8

IMalAMHteaa

814.169

451.000
20J.0OO
37.000
145.427

478.00O
234,0C0
25,000
144.110

15.911
1.700

13,6:^5

612.000

901.765 1,103,717

MmM lmdta». Brunt, <•«.—
161.000
:i.000
01,300
144.000
4.000

197.000
32.000
1I3.SO0
6^.000
t.ooo

S^l.OOO
67.000

279.00l>

1<!6.30U

122.800
zii.ooo

TMal bat India. Ae.^.. «a4,300
•l«.l«a
Tital Samtimn

401.300

727.300

Uvaraool stoek
liWIIna itnnll

nil^salslnrnri
l«itea«oaltar«araM

Mun. niMll.

fcii

.

siiiiii

mijoM
ijnTIm ijMJsa

TMaiTMMasapvUr
Prle« MM. UpL, UTsnool

MiU.

VifA.

304W

lei.ooo
13,000

eoi.'Juo
»ui.76.3 I.iu3,7l7

i^flittXMS i,7»i.9i7
6i|.d.

5VL

lOS^^

tW

deenoM

taidtoiito

JTon.

9H

9'!
9S,g

Mew Orleans.

»»u

MobUe
WUmlnxton ..
.Vortolk

Boston

Cincinnati...
LoolsrUle....

BaciBiFTB

IVm.

Wednet.

93,e

9»,«

9
9

9

9

9

9

BH
9
»H

9

9'4

9V»

8\
OH

9

9

9

9»«

9H
9^

9«4
9»8

9»9
9'»
8'8
9>4
9'«
9's
9>«

9<>8

9^
9<>g
9''»

8!»
9>4
9(«
9's
9>4

JW.

2^•

9J8

9>4

SH

9%
9
8%

9

8\

9
9*1
988
9>9

9'8
8^8
9>4

9''8

9^

9>4
9>s
9>e

919
»>«

OH—

Thurt.

1%'
9>s

%\

8'8

»H

9«4
9>»
9>a
9>e

rsoM THB PLANTATIONS.—The foUowmg

table

indioatea tlie actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption; they are simply a statement of the
weekly movement from the plantations of ttiat part of the crop
which finally reaches the market through the outports.

WMk
MhMhi-

mtlfU at tUPtrU. ainU InUrlor nwiu. BM'pU/ram Ptanfiu
lasi.

Is the ootton in sight

wme

date of
to-nigfat of 19,700 b«l«i aa oompand with tbo
1866, m lUcrtoM ot 800,990 \mim am campand with the oorres-

poodiag dat« ot 1864 and a dsorwoMof 000,448 bale* as
eooipand with 1886.

At TBS ImBUOa TOwm

the moroinaat—that ia the receipts
weak and linoa Seat. 1, the ahipmewta for the week, and
the atocka to-nicht, and the lame itema for the oorrespondinK
period of 1884^1^ aat oat in detaU in the foUo wing atatement.
far the

iss6.|ins.

1881.

1883.

aB.*ii

a^asi a8,ei7

188«.

1881.

isee.
1

JnlT IS

»

«».....

"

10.

a^io

urn]

S.1T1

awo

1.1*1

Mkiao s«.aiM
iH.ao7 aojis
7,841 ao.ias si.iSB
8.«fl0 18,836 aajawi
8,SI<t
I8.BSW I9411I

MM
MM
«.8aa
vw

A«r. s
"
" to

u

::8.ooo

lOHa.
mealIld.U»L.llewTork....
10>i,e.
»*i«s.
The impacti into OootiiMntal poru thia week haTe been

ZMOObiJea.
The above Hffvrw

aalur.

lii8.0<,0

is.oou
231.712
37.703
3,300

6.700

8S7.03S

OLOSniO QUOTATIONS FOB MZODLIHa OOTTOH

Oalveaton...

267,300

-a

Week tmtina
Aug. 30.

2>),OC0

Total ContHMetal stocks

I

in the table below we give the closing quotations of middling
ootton at Southern and other principal cotton markets for each
day of the past week.

911.100
3.800
lo.ioo

300

ftlT

more than at the same period last year. The recmpta at
same towns have been 2,060 balee less than the same
week last year, and since September 1 the receipts at all the
towns are 745,098 bales more than for the same time in 1884-5.
QUOTATIONS POR UlODUNO COTTON AT OTHER MARKETS.—
r>ale8

the

846,000
5,100
62.700
46.000

1,300
127,000
6,000
50,000
15,000
11,000

221

ua»
aioaii

j.i»
«.10«

w«

9.080

61.810
57.ew)

*».mn

»l«!

1886.

87

8»n
8M ijm
SOS

1.100
SaSl
831-

8,7 IS

18.11s

l.OSS

ijm

«7,M«

1.008'

S,MIO

7.814

—

The above atatement shows 1. That the total receipts from
the planftiotia ainoe September 1, 1885, are 5.:t6tJ.:tiO bales;
in 1884-85 were 4,740,090 bales; in 1883-84 were 4,781,330 balea.
8.
^That, although the receipts at the outports the past week
were 8.991 boles, the actual movement from plaptations waa
only 7,814 bales, the balance being taken from tae stocks at
the interior towns. Last year tlie receipts from the plantations
for the aame week were 8,080 bales and for ISSi they were
•
1,096

—

Akoumt of Ootton in Sioht Aio. 20.—In the taule below
we give the receipts from plantations in another form, and add
to wem tite net overland movement to Aug. 1, and also the
taUngB by Southern spinners to the same date, so as to give
•abatantially the amount of cotton now in sight.
1885-86.

1884-85.

1883-64.

I

1882-88.

RaealpU at the poru to A lu. 30 5,337.618 4,744,061 4,813,793 5,971,930
Interior stocki on A us. 20 In
-32,357
81,692
3,029
•xeeas of September 1
34,041
Tot, l eealple timn plantatna 6.369310 4,746,090 l,781.23l> 6,005,071
821,131 6IO,060 573,700 613.248
Net ovadaaa to Aiw. 1
Soothenoaaisampt'n to Aa«. I 308,000 261,000 296,000 325,000

9
3

1MallarfshtAiic.20

.-

1

X

I

•.4:

:

vS:

8

.-mm:

tr

M

ot»»t»~ttfiB:

•

'

ua

"*—

T

li

M

i,i

—

8>-V)oe*nDeacak>aia*»>-»9ala—

aMWI.««MMM«^M'.J^KI0O»WOI i«

»Mc«:
65:
O. VMM.

5 srs;
^

isisisi

I

n

l?f

f

r

5a »aM

ii8S*83S*: "

mm

••SSSSS: 88S!SS;

Me-JM

CP*

SSiowo- eM^^owifttD*'«4Mcoe

I

tl
II

"•5

6,1(-8,141 6,620,150 5,630,936 6,974.219

NoitharB Bplnnexs' taklii«a to
1,773.463 1.381,179 1,553,763 1,746,33
Ang. 10...........
* AMOsaaXrom 8eptomber 1.
It Min lie 111 by the shove that the Increaae In smoant In siKht
to-nlxht. aaaompared with la«t jear, la 878,291 balea, Ike Inorease
i* eu pafed with 18'43~84 Is 817,308 bales and the deoreaae from
1883-&3IS 476,775 bales.

*

Weathkb Rkpobtb BT TKLsaBAPH, Our advicee from tha
South to-night are neoeeaarily incomplete, the Texus reports
being misnng. So far aa received, however, the telegrama
indicate that the weather has been fairly favorable during the
week, although at some points rain is needed. Picking ia
becoming more general.
^^In consequence of the heavy storm, practically cutting
off telegraphic communication with Texas, none of our reports
from tliat State have been received this evening.
New Orleamt, LonUiana.—'We have had rain on two days
of the week, the rainfall reaching forty-four hundredths of
an inch. The first bale of new cotton from the Mi^sifsippi
The thermometer has
Valley arrived to-day (Aut^ust 20).
aven^^ed 85.
Shraveport, Louisiana.— The rainfall during the week has
been inappreciable. The crop condition is not so favorable,
the plant shfiidiii^ biully on account of rain and excessiv"
heat Rain is much needed upon uplands. Averages

mometer

S."},

highest 101, lowest

78.

Columbus, 3disitiiistppi.—yfe have had rain on one dav
the week, tiie rainfall reaching sixty-six hundredths of an
r] f
:
r
inch. The thermometer has averaged 84, the highest being
;nx
98, and the lowest 70,
Leland, Afism.iiiippi.—'So rain all the week. The ther1^ f
mometer has ranged from 71 to 94, averaging 82'9.
Little Hock, Ar&awo*. -Telegram not received.
mS3<
8«?2 C0^ft»S.M£4
Helena. Arkansan.—yfe have had no rain since Augnst 5.
* Taw jraM»' l^uns
Heavy rain was reporte*! on the eiKliteenth but only over a
The ahova Mitali ih»w thai tha Old interior atorka hare small section. The hot dry weather is damaging crops. First
rf»»r— awl dfl^ th« waah 8,188 balai and are to-night 24,171 new bale from this section appeared on Monday. The ther:

:

'.

:

•

THE CHRONICLE.

222
mometer
lowest

has averaged

the lugheet being £6 and the

85,

74.

J

,

.

1.

..

Memphis, r«nn«»*e«.—The weather has been dry and hot
the week. There has been no rain of any consequence
•ince August 4, and while cotton in the bottoms is doing well
there are many complaints heard of Buffering on the uplands.
First new bales received on the 18th from Arkansas and MisThe therssippi, making four new bal> a received to date.
mometer has averaged 85, ranging from 74 to 98.
have had rain on four days of
HathviUe, Ttnnesiee.
the week, the rainfall reaching one inch and sixteen hundredths. The thermometer has ranged from 73 to 92, averagall

A'xwrding to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
6,00c hales, and an increase in shipments of 17,000 bales, and
the shipments since January 1 show an increase of 289,000 balee.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
"Other ports" cover Ceyloii«
Tuticorin. Kurrachee

— We

ing 82.
Mobile, Alabama.— It hss rained on one day of the week,
the rainfall reaching sixty-nine hundredths of an inch. The
«rop is developing promisingly, but more rain ia needed. Caterpillars have appeared, though the injury done ia as vet limited.
Three bales of new cotton were received on Monday and one
to-day. Average thermometer 82, highest 97 and lowest 73.

XUn.

[Vol.

and Coconada.

Shipments Tor the week.
Sreat
Britain.

Calontta—
1886
1885

Continent.

Shijymente einee Januar]) 1.

Oreat
Total.

1,000

Britain.

1,000

Oontinent.

Tot%l.

59,000
54,400

36.000
17,500

95.0CO
71,900

3.000

15,000
4,000

500

15,500

4,000

24.000
24,700

18,000
25,700

42,050
50.400

5U0

ftOO

Madraa—
1886
1885
others—
1886
1888

3,000

4,')00

\l\

—

2,000

2,000

Montgomery, Alabama. We have had dflightful and
net ded rains on thrte days of the week, the rainfall
reaching two inches and thirty-eicht hundredths. Crop ac- otBlall8,oro
1886
6,000
2,000
98,000
54.500
152,.'50O
counts are more favorable. Picking has commenced. The
1885
500
500
83,100
43,200
126,300
first bale of the season from Georgia plantation opposite
The above totals for the week show that the movement from
Eufaula arrived at Montgomery on Sunday, consigned to
Lehman, Durr & Co. It classed ttrict middling and was sold by the ports other than Bombay is 7,500 bales wore than same
auction at 9.'.^ cents per pound a' d shipped to Mobile. Another week last year. For the whole of India, therefore, the total
bale came trom Barbour Courity, Alabama, consigned to shipments since .lanuary 1, 1886, and for the corresponding
Oayle & Mark. It classed strict low middling and sold at periods of the two previous years, are as follows:
eight cents per pound. A number of new bales have arrived
BXPORTS TO EnaOPB FBOM ALL INDIA.
•ince. The thermometer has averaged 84, the highest being
98 and the lowest 72.
1886.
1885.
1884.
JShivments
Sehiia, Alabama. — The weather lias been warm and dry all
to all Europe
.Since
TMt
ThU
«inee
TMm
Sinee
the week. The thermometer has averaged 86.
from—
week.
week.
.^on. I.
Jan.l.
week.
Jan. 1.
Auburn, Alabama. — It lias been showery on three days
and rained severely on one day of the week, the rainfall reach- aombay
n.occ 963.000
674.000
6,000|l,082,0OO
"566 130,300
8.000
162,500
180,000
ing two inches and thirty-eipht hundredths. The thermome- ^U other port«

much

1

from 71 "5 to 97'5, averaging 84'1.
Madison, Florida. Telegram not received.
Macoii. Georgia. Telegram not received.
Columbiis, Georgia. Tlie weather has been extremely hot
duriu): the wetk with rain on two days, the rainfall reaching
four icches and forty-two hundredths. The rain of Thursday
night was one of the heaviest known, four inches falling in
about thiee hours. Much damage is feared. The thermemeter
has aveiaged 85, ranging from 73 to 95.
Banaiiiiah, bfeorgia. We have had rain on two days, and
the remainder of the week has been pleasant. The rainfall
ter has ranged

—

—

—

—

reached two inches and thirty-three hundredths. The thermometer has ranged from 74 to 93, averaging 82.
Augusta, tieorgia.— Dai ing the early part of the week the
weather was very warm, but the latter portion has been cool
and pleaoant. It rained lightly on one day, the rainfall reaching nineteen hundredths of an inch. Accounts from the crop
are not generally good this relates chiefly to sandy lands,
where rust and shedding are reported. In red lands cotton is
doing finely, and a good yield is promised, provided good
seasons follow. The outcome of early cotton will be light.
It is estimated that three-quarters of an average crop will be
gathered. Av^erawe thermometer 81, highest 101 and lowest 71.
Atlanta, Qeurgia.—yfe have had rain on two days of the
week, the rainfall reaching forty-four hundredths of an inch
The thermometer has averaged 81, the highest being 94 and
"
the lowest
;

70.

Albany. Georgia.— Vfe have had rain on four d ys of the
week, the rainfall reaching one inch and sixty-five
hundredths. Crop acconnts are more favorable
P.ckin" is
progres-sing finely. The thermometer has averaged
85 rang.
a

ingfrom

&
71 to 97.
Cltarhston, Houth Carolina.— has rained on one day
of
«ie week, the rainfall reaching twenty hundredths
of an inch.
Ihe thermometer has ranged from 71 to 92, averaging 81
iiUit«on.rjj HoiUh Coro^t/ia.— The weather
was" sultry'
wet uminhursday there being then a change to lower and
temperature. It ramed on four days and the rainfall
reached one
inch and seven hundredths. Average
thermometer 79-6'
highrst OS and lowest 70.
H^«.«oM, North CaroKna.— Telegram not
received.
Ihe following statement we have also received by
telegranh
showmg the height of the rivers at the points named
at 3 o'clock
>

U

August

19, 1886,

and August

20. 1885.

Aug. 19,

Kew

Orleans*

Aljove low-water

ftet.

mark
Above low-watermark
Al>ove low-water mark
Above low-water-mark

'86.

ing. 20, '85

Inch.

FrM.

Ine.!,

3
5
Misa inff.
8
4
13
8
3
U
U
O
breveport
3
2
7
6
VIoksburK
Al>ovelow-wat«r-niark
12
7
1
No" report«wl above low-water mark. "»«>»"
Instead of below
uoiow niga
hla-h watir
water
mark as prior to Ootolier 30, 1885.
MeiiipliU
HadlivlUe

_

m

toDiA Cotton Movkhknt pbom all PORTS.-The
receints
•nd shipments of cotton at Bombay have been as
follows fo?
the week and year, bringing the figures down to
Aug. 19.
BOMBAY aBOmPTB AMD SmPMENTS FOB FOOB TKAB8.
ShipmenlM IhiM week
BMpment* Situt Jan. 1.
Tear] Brent OonliOreo*
Conti\Brtfn. nenl. Total. Britainl nent.
Total.

Week.

1S86 7,000 50,000 17,00O,31.?.O0o'r.%O.OOC
^l^5
216.000 4.'is.000

9.000 1.356,000
3,000 881,010

I

I

VV„J A-Vi

I

•%i.O0 3.0110 (J.0O0
1. O"' 4 n'.n' ^ fvw

903.000

674.000
194.0O0.'198.000 1,(82.000
(Mio '77.1000 I ''I."! nnn

m

Receipts.

ThU
leor.

ft.OOO 1.533,000

4 0O(i

I

Ms. 000

500

25.001) 1,115,500

total

804,30

I

6.000 1,262,000

—

Alexandria Receipts and Shipments. Through arrange"
we have made with Messrs. Da vies, Benachi & Co. of

oients

,

and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
ire the receipts and shipments for the past week and for the
'/iverpool

orresponding week of the previous two years.
Aiexanaria.

titiupi.

1885-86

Aug. IH.

1884-35.

1883-84.

Receipts icantars')—

This week..
Since Sept. 1

2,923,c6'0

TMt

1.

232.000
176,000

299.000
203,000

4ns.ooo

.^02.000

week. Sept.

2,C90',006

3,6l.5',6iJo

Thii
Sinee
week. Sept. 1.

ainee

Thii
week.

Siwt
Sept.-'.

E iports

(bales)—
to Liverpool

To Oontinent

A

*

caatar Is 98

1,000 254,000
|l40,000
'

1

000

^0.1 ntu\

lbs.

This statement shows that the receipts for the week ending
cantars and the shipments to all Europe

Aug. 18 were
bales.

—

Market. Our report received from Manchester to-night states that the market is dull but steady for
both yarns and shirtings, and that the demand in each case
continues poor. 323 cop twist is quoted at 7@7}^d. and 8)^ lb.
shirtings at 5s. 6d.@6s. 6d.

Manchester

Cotton Crop Circular.— Our annual Cotton Crop Circular
September 1, 1886, will be ready about the

for the year ending

9th of September. Parties desiring the circular in quantities,
with their business card printed thereon, should send in theix
orders as soon as possible to ensure early delivery.

—

New Alabama Cotton. The first bale of new Alabama
cotton of the crop 1886-87 reached Mobile on Monday, August
16.
It was raised by Messrs. Hixon Brothers, of Monroe
County, classed strict low middling, weighed 384 pounds, and
sold to Hughes & Brewer at 9^8 cents per pound, for shipment
Last year the first bale reached Mobile Aug. 13.
to Liverpool.

—

Florida's First Bale. One bale of new Florida cotton,
first of the season, was received at Mobile, August 16,
from Mariana, Florida. It classed low middling, gin-cut and
nappy, fair staple, fully matured, and weighed 494 pounds.
Last year the first bale of Florida cotton reached Savannah,

the

Ga.,

August

1.

—

The first bale of new crop Misireached Memphis, Tenn. on Wednesday, Aug.
Last year Mobile receivfKi the first bale on Aug. 12.

Mississippi's First Bale.
sissippi cotton
18.

,

—

New Arkansas

Cotton. One bale of new cotton of Arkangrowth was received at Helena, Ark., on Munday, Aug.
Last year the
16, and another arrived at Memphis Aug. 18.
first bale reached Memphis Aug. 17.
sas

—

East India Crop. From Mtssrs. Wallace & Co.'s Cotton
Report, dated Bombay, July 13, we have the following:
Rain continues to full heavily, the total up to dnte being about 60
Inches. Hgiiins' an averaKe fall to date of about i9 Inohi's. Up-i^ountry
acconnts arc all rliHT ca'i be desired, and rhe new orttps are being planted
under the niOHi fnviirable coHditlous, but unless the wcatlier takes up
soon there nresuio to be complaints of too much rain from sumeciuartera.

ADOC6T

THE CHRONICLE.

81. 1880.]

Rbcx>rd fob Jul^•.—Below we give the rainand themiometer record for the month of July and prerioua months of this year and the two precedmg years. The
flgorea are from the records of the Signal Service Bureau,
except at points where they have no station, and at those
points they are from records kept by our own agents.

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/LOKlOiL.
Oar* ralB-

rain.

I1.U1

IMI trm 8«'

MB ru

ft-M

w

4'aO 14-00
18
a

U

1

MDtaU.lB

7

9r«9

1-14

OMvCm.-

19

i<4a

•

D*7iral«-

U

814

MB Ml MB MB
MB M9
11
10
11
17
11
U
11

«t»

auiifklUB

MB

U

4-01

U

i-m x-m
7
•

ISSS&Jm

_1M?. ria.
MmM—
KauiIallA

784

»89

II

nS^i^Ii"

Bom« -

19

j

r«9

10

llainrall.ia
I»r> rmla..

0TB

»9e »81

irtt O-mI

4'«I

8

U

•-"H
IS
M 7
•I
U-04 8-4S B«
*M
U u IS U IS

4

r4S

8-81

4-98

8-«7

4-88

•

IS

8-4)

1

8-78
IS

14B

k

1-94
1

•

jBSSSCiii

'

ru MB

*t»
• •••

OaoROIA.
Dmnilit.

^M

•

r«

MS B^ •«

»U

9«

BUBtalMa •TT i-n
Dannln.. It
IS

CHmMa—

1-9*

»84 r48
17
s

u

80

14

«

8

bknralajLCABOL'A

»st

•-18 1-8B

10

»«o

j^ffi:?Baliiiail.iB i-w
Vmntm.. 1«
KlMlMI.U
BanniaT.

Jul».
1888. 18«SS-J1884.

^aina—

«HMk.-

talanui.la

KalofalLlB

Dajl

Oajs
:1S

Jun<.
1880. ISbB. 1864.

TRNNBS'B.

Jalr.

1

Xay.
IS8S. 188B. 18B4

tbrtSmUh-

BaIntall.lB

.«.

1

AprU.
1880.; 188B. 1884

BabtftM.

tail

^^

223

•1-0

•1-8
71-0

•41 •M VI-8
«•« •TO ••«
7r« 78-4 ^•8

•1-0

70«
•l-O
71-0

TTS ara
•11 »ri
TOO OM
TTft 81-8

WO

•rs
Tro
aro

711-fl

•Kft

PIB
71-8
83-0

AI^ABAMAi
ATansa.. .. ora

ass 9»0 SS-R Sri
mrt 4»«' 4n <ri 6r4

SB'S

«»4:

FIsaiaa

a

7»ll Tril T4-8

MTO
•••

•«
os-u

prtor to rtbnmrr, laae, ara for SpaitanbofB.
for tir*^nt* ffDfinn.
* ObMrratlon* takaa on

t

RaootO not takan

Ms

M-l

grw

TTB' TWH TB'O

;

OJO 9*0
osx tts-i
IWll

HO'X

B4-8

ws
81-0

t •Uniraa for 1884

alom dajt ooljr.

THE CHRONICLE.

224

ivoi. XT.ni.

Forityth, Oa. — Wlille there are some fleldB of good ootton. on a large
proportion of the acreaeo In cotton the weed is email and uniiromlslng.
Tho weather during the mouth has been generally fuvoruble and the
progpeta has improved, expeclally the last week or ten daye.
Cellar Keyi, Fla.—Ex<xi»lve r{tlu8 have damaged crops considerably

throughout the Stat^.
Archer^ /'to.— ('rop** very graesy.
Tallahattte, Fla.— Two or three showers almost daily during July.
Setma, Ala. —Vroy prospects briirhter. The weather has been very
favorable during tlie latter part of the month, and lie'ds are generally
clean.
Shreveport, Louisiana.— Therti has been a suRloient quantity of rain,
and the cotton and corn crops give promise of a large yield.
Orand Ooteau, Louisiana.— Cutum vrov rather poor in this neighborhood, in consequence of the abundant rain.
LitUe Rock Ark.—.1a\y has been very favorable for crops in Arkansas,
and planters have made the most of it. During the early pitrt of the
month there was a good deal said about labor troubles on plantations
in this vicinity. The matter was greatly mugntfled by certain St Louis
There was never any feeling of
papers, and also by local papers.
trouble on but one pliice, and that soon passed away. In fact was a
question only of two or three days duration.
Mount Ida, Ark- Fine seasonable weather for growth of crops all tllO
month. Corn and cotton never better.
Ileiena, Ark.—Thv rainfall has been very partial. During the first part
of the month many places had too much while others had none. I believe this entire section has had plenty, aad tha crops are growing finely.
At this writing (Aug. 2), we had rain yesterday and last niiiht (light)
and this morning the clouds are very heavy and dark, and imlioate more
rain. I am 63 years old, raised on a o itton plantation in the bottom,
and my experience is that a wet .August makes a short crop in the bottoms. But it requires more rain on the uplands. Crops planted since
the overflow are growing nicely, and, as some of them say, "If we do
not have frost before Christmas will make good crops."
Austin, Tenn. Cotton doing well.
Indianola, Texas.— l.ong drought in Southwest Texas. Hundreds of
cattle and thousands of sheep have died. The-drought continues.
Cleburne, Texas.—The drought as a general thing has continued, but
several places In the county have been blessed with good rains timely
for corn and cotton. There cau be no question as to the damage done
to the prospects for a fair crop as a whole, but the general impression
prevails that there will be a very light average of both corn and cotton.
Nothii g else has occurred to interfere with planting interests.

—

—

European Cotton Consumption to Aug. 1.— We have
received to-day, by cable, Mr. Ellison's cotton figures, brought
down to Aug. 1. The revised totals for last year have also

#la«ut—
BlKb«t....

been received and are given for comparison. The takings by
spinners, in actual bales and pounds, have been as follows:

liowast....

ATenute...

ARKANS'S
UtlU

Bock.BlKheal.

From

Lowest ....

Oct. 1 to

Aug.

1.

Qreal Britain.

Oontinent,

Total.

ATerage...

Mount laa.—

For 1885-S6.

HiKheat..
Lowest...
ATerage.

Takings by spinners. .bales
2,970,000
2,915,000
5,885,000
451
Average weight of bales
445
448
Takings in pounds
1,339,470,000 1,297,175,000 2,636,645,000
.

Beitna—
HlgOMt...
Igowet ...
A»L

For 1884-85.

fbrt 8tn{
Highest...

Takings by spinners .bales
2,715,000
2,675,000
5,390,000
Average weight of bales
444
434
439
Takings In pounds
1,205,460,000 1,162,329,000 2,367,789,000
.

Lowest
Averwe...

TKNNK8'B.
IfalhviUt.Bixhest...

Lowest

—

.

Stated in 400-lb. bales, the following shows the total takingi
total and weekly consumption for the two years

ATeniKO...

and the

MemphU.—
BiKbest...

Lowest
ATeraae..

Oet.\ to Aug.

AtkmxM.—

Bales of 400

1885-86.

1.

each,
000s omitted.

BlKbest.
Lowest..
Arerase.

lbs.

Qreal
Britain

Oontu

54,
3,349,

138,
3,243,

Supply
3,403,
Consumpt'n 44 weeks. 3,034,

3,381,
2,825,

^usUn.—
HlKbest.

Bpfamers' stook Oct.
Takings to Aug. 1

Lowest
ATerxe..

1.

nent.

1884-85.
Oreat
Britain

Oonti-

6,592,

89,
3,014,

152,
2,906,

5,920,

6,784,
5,859,

3,103,
3,031,

3,058,
2,728,

6,161,
5,759,

330,

402,

Total.

192.

nent.

Total.

241,

TKXA8.
GoJtwston.—
HUitaest^..

Lowest

I

ATersffe...

Spinners' stock Aug.

1

369,

556,

925,

72,

HIgbest.

Lowest
Average...

PaU$tt>u.—
Highest.

.

Lowest
ATcnse..

g^rtEmSrBlgheat...
Lowest...

ATenge...

CUbwrw—

BIghest....

Lowest....
ATetage...

^vsHn-

101-5

Blgheet...
Lowest...
ATerage.

770

InJuly

The following remarks accompany the month's weather

re-

ports for July, 1886:

C—

The wet weather has cut crops short, though they are
Weldon, If.
Improving. There will not be a full crop by any means.
FayettevUle, N. O.— First of month very wet, then turned off dry, and
erops began fixing some, hut they seem to be recovering under light
We had but one light rain after July 15, and
xalns we are now having.
weather the hottest we have had this year so far.
Stateburg, S. O.-Rain fell very lightly, quantity Inappreciable, on six
other days however, at no great distance from this place, more or less
heavy rains fell on these six davs in some one or more directions, so
that thei-e were actually fifteen days of rain over this section of country.
On the ITth only a litht rain fell here, nine hundredths; but a few
miles to the southward it was very heavy— the heaviest of tho season—
Bomelhtng of a clouii-burst at Wedgelleld Depit. Cotton differs a
;

(tood deal in condition about here on dilTt^rent plantations. On some
the proi-iwct is good, while on others the weed is small and has little
fruit on it as yet. I suspect that imperfect work has as much to do with
tile TM'Oiness of Mime of these crops as excess of rain.
KAiken, S.
Early part of month evcesslvely wet. We had nearly
h' avy fog, morning of Jnly 29.
all the rain before the 1 5tb.

C-

Columbi
wcathei,

Wtekly Consumption,,
00* omitted.
In October
In November
In December
In January
In February
In March
In April
In May
In Jane

s,

A

Oa.— Crop accou'its are more favorable. With seasonable

we will miike an average crop in this eectlou, we think.

67,2
68,0
70,0
70,0
70,0
70,0
72,0
72,0
72,0
73,0

64,0
64,0
64,0
64,0
64,0
64,0
64,0
64,0
65,0
65,0

121,2
132,0
134,0
134,0
134,0
134,0
136,0
136,0
137,0
137,0

72,0
72,0
72,0
72,0
72,0
72,0
70,0
62,5
65,0
60,0

62,0
62,0
62,0
62,0
62,0
62,0
62,0
62,0
62,0
62,0

134,0
134,0
134,0
134,0
134,0
134,0
132,0
124,5
127,0
122,0

The foregoing shows that the consumption in Europe is
137,000 bales of 400 pounds each, against 123,000
bales of the same weight a year ago. The total spinners'
stocks in Great Britain and on the Continent increased 191,000
bales during the months of June and July, and are now 538,000
bales more than at the same date last season.
Jute Butts, Bagoino, &c.— The demand for bagging has
been of a steady character since our last and goods are moving
quite freely. Buyers are more disposed to take any cheap
lots that may be offered, but sellers are firm, and but feW are
disposed to accept less than full figures, and the bulk of the
transactions reported are on the basis of 7c. for 1}^ lb., 7J^c.
for 1% lb., 8J^c. for 3 lb. and 8}4@S%o. for standard grades.

now

There

only a moderate call for butts, but

we do

not hear of
paper grade are
reported at 1%@1 11- 16c., and these figures are quoted at the
Bagging; qualities are held at 3@23^c,, as to quantity.
close,
is

any large

sales

making.

A

few

lots

of

Aoamt

THE CHRONICLR

81, 1880.]

OoMPARATivK Port Recwpts axd Ua.ilt Crop Movemknis

—^A oompariaon of the port movement by weeks not accurate,
end on the same day of
M the weeks in different years do not
added to our other standing
is

the month. We have consequently
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative

movement
September

for
1,

yean named,

the

and

1885,

The movement

since

m previous years, has been as follows.

amrirli.

IMS.

ttWitbrj

385.M3

OMobw.

1.0 5,524

OVOBbt

1,003,552
1.O60.92O

OwaBb-i

543.393
414.S56
888,645

Jas'-iT

W antaj
Marah...
AprU....

90S,8M

Mas

133,1 tT

84,715
45,917

Jane......

*»JT

IMal

1881.

1882.

1883.

1884.

843.812 326,656
l,«>0,383 1.046,003 •80^384
1,122,164; 1,030,880 1,084.807
1404.311 1,069,653 1,113.536
487,729 753337
475,757
385,933 605,598
S«I,44'
341hM4 483.773
163,a0(
103.37.^
111,755 884.319
45.018 185,533
35,575
78,504
31.682
11.855
43,309
19,504
10,104

1880.

429.777 458,478
858,195 963,31S
074,043 1.006,5)1

845.445

9063O7

1,020.802
571,701
572,728
476.592
284.2 td
113.573, 190.054
68,6TU
131,971

487.727
891.992
867,099
147,595

86,890

78,572

5,303,00714,723,913 4.803,977 5,936,515 4.657.37- 5,759,853

raeaipt* JulrSl..

09 04

08-91

98-66

98-8a

98-<?5

Thia statement shows that ap to July 31 the reoeipta at the
ports this year were 579,094 bales more than in 18Si-^ and
499,030 bales more than at the same time in 188ft-M. By adding
to the totals to July 81 the daUy reoeipti since that
time, we shall be able to reach an exact comparison of the
morement for the different yeats.
1885-86.

Tot.J-731 5,303,007
Anx-l....
a.

"

1....

••

8

-

*...

-

»....

"

•....

7...

-

8...

188446.
1*

lis

8.

8387

886
76
157

18,886
81

1385

1300
8386
1309

S17

1,3<14

8.

8M

685
465
533
3.014
711

1.386
8.

8.

8,442

764
586
630
839

016

1,612

984
400

810
14»

487

1,0«9

438
848

818
144

1366

136i
89^

818

8.447

604

1.588

1386
1311
8370

1371

1381

1,767
1.923

" 18...
- 18...

4/W7

-

I*...

1,949

-

1»....

B.

1384
1470

18....

891

- 18....
- to....

1.187
•15.030

IMat....

580
578

88

ISO
87
89

1,8M

17....

U8»«S. 1881-68

1.790

n.

8.

- 18....

I88»«4.

4.7a83U 4388.»77 838631A 4.667,877

479
465
»59
845
941
664

" 8...
" 10...
" 11...

-

8.

698
544
916
678

8.

806
a.

878
888
804

188041
5,759.853
8.592
2.888
3.477
3,058
3,705
1,783
8.

3,424

1300
1,615
3.110
3.330
3.906

809

8.

8.

8.

5.134
3,031
3,263
3,547
3,660
2,982

692
51S

8.

1381

8.

3J87.618 4.748381 4318,684 8368377 4376.114 5,813,105
• of IMkI

pmrw^>UAac.SO
*

00-8«l

60-11

9802

00-0*

14,070 bales added •• eorrcctloD of rccalpu

TUa

Thb Following arb thb Gross Receipts of Cotton at

New

York. Boston, Philadelphia and Baltimore for the past
week, and since September 1. 1885.

Naw roBK.
BtctifU

TkU
wMk.

tnm
New

Orleani.

Taxai
SATaaaah.

Hmttly

M

Hew

98 94

Orleasi ilDO,

225

PHILADBLPB'A

Tkf

ante*

TW»

atnct

S«pt.l.

W4k.

Sept-l.

ymek.

Sept. 1.

I.n3

381.443

X.S7S

86(1,887

81

388.481

..

Bostoh.

9«IK<

BALTIMOBS.
Thit
l»Mk.

Sifwe
8«|>t.I.

10.406

1S378
TS.M6

SO

Mobile

8

70,488

UW

IH.SSO

11^044

^80(^

IWWT

BM8

1B4.479
14.061
186.886

10,066

14

8.949

ta.ue

108

63,601

164.188
180,441

1.078

64.858

norlda
8o.0aroUas..
No. CarolinaVirginia

3t

North'n porta
Tenneeiee.tr

ao

forelcn.

14.968

1,3»

1,491

S6.875
7.146

808

Tklaraar...

S.140

1340^03

«,S4B

471.468

1.100

130.658

LutT«u..

4,344 l,!06,fl8S

i.4:«

406.S88

1,6W

116,544

SHiPPiNQ

66334

888

.

187

147.640

815

«10,7»1

Nbwb,—The

exports of cotton from the United
States the past week, as jfex latest mail returns, have reached
So far as tne Southern ports are concerned, these
8,380 balea.
are the same exports reported bv telegraph, and published in
With regard to New York we
the Cbbohiolb last Friday.
inchide the manifests of all vessels cleared up to Thursday
night of this week.
Total bale*.

Nsw TOBC—To

Uverpool. per BteuDera OelUo, 500.... City o(
Chlcaao. •8S....01t7 of Romr, 130....ER;pt. 1,888
£truria,4g9
ToHall.prr •trainer OBm<>o, 790
To Brrmen, per atraiiier Fulda, 100
To Hambrtrir. per aieanMrr Amalfl. 170
Hs* OblsaHS-To LiTerpool. pvr »te«mer Editor, 687
To BieSMO, prr aieeiuei Prior. 119
To Baaabars. periteemer Prior, 65
Oalvbstuii— To UTvrt>oot, per Iwrk Herbert. 855
UAUTiaoBB—To Bremen, per ateamer Amerloa, 100
r-miAWSi.rHiA—TO Uvorpool, per ateaoiar BtlUali King, 1393..

3,8'53

790
100
170
587
110
65
855
lOO
1.598

TWBl.
a.zaO
nie particulars of these shipments, arranged in our usual
form, are as follows:
Llv*rf»ol .

N«w York

587
850

Balthnore
Pblladelphla

1308

Total...

6,880

Bnmen. Bambura.

Sail.

790

3.8l>9

NewOrlaiuia
Oalvaatoo

loO
110

170
65

100
790

819

385

8,230

Below we add the clearances this week of Tnssiili oarrying
coitOD from United States ports, bringing oar data down to
the Uteet dates:

Hsw OBLBABS— For Liverpool- Aog. IS—Steamer T aiinll.

3,028.

For Antwerp— AUf. 13-8teamer AjTablre. 211.
8ost»s— For Uverpool— Aux. lO-Bteamer Kaaaaa. 360 — Ang. 13—
Bteaoier Venetian,
Aag. 16—BteamMr BoiOlta,
BALTIMOBB-For Liverpool -Aox. 14-8teaiDer Purrto Rlqneao. 571.

PBlLAoaLTBlA— For Liverpool— Ang. 17-6leamer Lord cilve, 87.
Below we give all news received to date of dlaaatera to vessels carry cotton from United States ports, Ac.:

eArratBB.ateamer (Br,)- Advtoea from Teiel.Aug. 3, atate that the
inn Bisaeamaet of the aonken steamer Bappblre baa now goa%
ovcrtoard. Fore part of tlieveaael la entlrelr brokm, ao ibat In
fnlare divtna operalloBa oaa only be oarrled on at tbe after part.
Tbe wreck Uea aoaewbat daagaroualjr for navlicailon, and will
now bare to be marked witb a wreck buoj. Durlnc July 35 balea
of cotton were aalved from the ateamer, making 391 balea reoovarad during the year.

flMiiant showa that th* raesipla aiww Sept. 1 np to
lo-oight in BOW 504,987 bales mote than thejr were to the same
day o< the month bi 1880 and 935,184 bales mote than they were
to the same day of the month in 1884. We add to the Uble
thepcfosntageaof total port raorfpla whioh had been noeived
log. iw
to Aug.
ao in eacD
each ot tne
the years naaad.
i

u

Thb BxroBTB or Cottoh from New York

this

week show a

deoraaae compared with last week, the total reaching 4,912
bales, against 9,039 bales last week. Below we give our usual
table, showing the exports oT cotton from New York, and their
directiaci, for eaoh of the last four weeks; also the toul ezporu
and diractiaaa ainoa September 1, 1880. and in the last cohimn
the total for the aama period of the prerions year.

XfOKTS or OoTtos (SALMI rsoK Raw Toaa
Wmk4nMnM
Mtf u ltd to'^. A tig.
i

5.

Uverpool...

18.047 14301;

OtkerBrltUh porta....

AT

ttaaa sarr.

1,
I

Aug.
18.

6310 8353

315, 1,644;

189».

Sam*

Ttttml

ptrind

lint*

pnmi'tu

Stpt.

l.|

yar.

513.302 t8»,510

790 58,vl5 37,565

Total TO OasAT BaRAHi 18347 14316 8.154 4.643 570,217 527,075
Havre
880
106
44.2.53 49,052
Otkarrreoek porta....
881
179
1374
1,<«7
Total rasiioa
601
179
100
45337 49,739

Oottoa treit^tts the past week have been as follows:
Jfon.

Uv«rpool,ataaBtf.

*t8

*M

Do
aaU...4.
BavM, ataam....A

*W

•li

>>«

"n

•i«

»u

85*

85*

bare ...
Otker porta.

8,133
1.367

300

Total to Hobth. Buaors 1,499
,Op'rto,Olbralt'r,*e
All otbor
.7r

Total SrAis, Ao
OSAITD Total

100 88390 47,672
170 67351 53,732

76361

68.729

laa
Bremea, steaai..«.

no

1.000

100

87u 178,1021170,133
14.44.-^

11398

19.539

15,710

Do

100

33,094

it

Amafd'm, ateau.e.

Do

•I'i

»u

•u

85-

85*

85*

Seval, steam. ...d.

"*7t

85»

l<u

till

Do

laU
d
BarBelona,ateam e.
aeaoa,8taaib. ...<(.
Trieste, staan...iL
Aarwsrp, ateam.d.
•Per lOOlbe.

•s

"«a

">a

•u

'it

»i«

_Je_

>s

LiTBRPOOL.— By cable from Liverpool, we have the following
itatement of the week's sales, stocks,
add previous weeks for comparison.

JulgSO
Sales of tbe

week

bales'

or wblch ezportera took
Of wblcb apecniaton took..

Amrnoao

Actual export

Forwarded
T'>ua ftook—KaUmaied
Of wniob Amorloan— Eatlm'd

30,2ua

4312 828,13U'777,2t5

•la

aaU...e.

of tbe week...

\marloan
It

17.147 16395' 0,639

Hi

aall....e.

rnt,.i i,,,,,..,^

1300,

/H.

rktira.

Hi

««..,

"-"'"-rr Ttitam

Salea

600 1,880

Wtdm4t

Ds

,

lOol
50
3001 1,330

Tf$.

.

ABwrloan

69,000
8,000
2.0O0
48.000
6.000
4,000
596,000
4:6,000
59,000
40,000
116,000
40.000

ftc.,

Aug.

at that port.

6.

87.00b
3,000
1,000
31,000
3,000
8.000
591,000
423.000
41.000

Aug.

18.

60,000
4.000
1.000
42,UO0
2,000
5,000

557,000
897,000
18,000

31,00«l

1H.00<

93,000

83,u

87300

ao,.

00

We

Aufi.20.

47,000
1,000
1,000

40,000
7,000
3,000
583,000
372,000
31,000
31,000
82,000

30,000

THE CHRONICLR

22(5

The tone of the Liverpool market tor spota and futures each
day of the week ending Aui?. 20, and the daily closing prices
f spot cotton, have been as followsbatuTUay Mvndty. fuMday.

apoi.

Mu-ket.

t

12:30 r.ii.(

nm.

BtewlT.

qnleu

Wednu TAurnCy.

Market, /
13:80r.M.|
Market,
4 P.M.

was weak and

Qnlet at

IJMde-

Onlet at
l-«4 de-

ollne.

cline.

^oo

Quiet

Barely
•teaay

Vr

ai«Bn Aas. 16.

(Am. Ortn

Orm
d.

4.

d.

BIO 610 510
Ang.-Sept.. eoa SOS 609
September 5W 6 00 609
Bepc-oct... 607 so; 607
0«t.-NOT... 60S 606 606
Hot .-Deo... tot 5 04 504
Dec-Jan.... 6^A 504 604
Jaa.-Feb.... 501 sot SOl
Feb.-March 606 600 soe
An«a»t

Low.

Olo<.

d.

d.

d.

d.

d.

610
600
S0»
507
605

5 10

610
610
510
607
605
604

6 10

5 10
6 10

610
6 10

607
506
604
504

610
510 610
5 07

6 07

508

506 605
6 04 604
04
6 04 504
6
5 05 505 606 5 00
607 607 607 607

WMlnee..AaK.lS.

Tkara., Angr. 19.

.ivtn

5 01

504
5 04

««» Low OlM
d.

d.

611 611
Aii<.-8ept.. 611 6 11
September. 511 611
8ept.-0ct... 8 08 6 08
Oot.-NOT„.. SOB 508
NoT.-Deo... S0& 506
506 60)
Dec.-Jan
50« 506
Jaa-Feb
reb.-Marcb 5t8 60ij

Ancust

*.

d

611
511
511
608

611
611
611
608
60«

SOfl

Tne*., Auk. 17.
Up<n Bith Low.
d.

d.

a.

609 511 509
5 09 510 509
509 510 5 09
806 5 07 soe
5 04

5 03
5 03

6 03
6 04
5 04

5l>4

6 03
6 03

504 505 5 04
6 06 6 07 soe

Clot.
d.

511
51*
510
5
6
5
5
5

07
05
04
04
05

507

AuK.20.

FrI.,

Open H<<» tow. aiM. Open Bioh Lovf. CiM
d.

d.

d.

SCO 509 6 08
5U» 509 SOS
5 09 5 09 508
606 soe 8 05
604 804 5 04

kOJ
505 605
soe 606
SOS 618

6 08
5 03
6 04

5 03

6 05

5 03
8 03
5 04

d.

508
SOS
508
SOS
5 04
6 03
8 03

603
804
604
606 soe 50« 50a

d.

d.

d.

d.

507 5 07 50?

5 07

5 07

5 07

5 07

5 07

507

SU7

504 504

5 04
5 0.)

5 04

5 07
5 07
5 03

5oa 502 5oa

5 03
6 02

5 01

SOI

5 01
5 03

in values

5 03

5 01
5 03

503
SOS 505 SOS

5 03

SOS

;

54

new

Barley malt has a fair sale at steady prices.

7oc.

The following are the closing quotations:
»bbl. $2 009 2R0 Boath'n com. extraa..
2 35 a 2 90 Boathern bakere'and
family brands
2S5« 3 35
MluD. clear and stra't 3 50 <» 4 75 Bye Sour, superfine..
Winter sMpp'g extras. 2909 3 4U
Fine
Winter XX Ji XXX.. 3 50 » 4 7i 0am meal—
4 4u» 5 00
Patents
Western, <ba
2 bus 3 00
'ioatbem sopers
Brandy-wine. *o

Fine

Superfine
„
dprlDg wheat extras.

Wheat—

White

Corn— West. mlx»d

supplied.
uAihj otostHo raicM of mo. 2 kbd wihtbb whbat.
Bat.
Mon.
Tua.
Wed. Thur:
87»«

October (Ullvery

ST"*
bB^g
87»8
SW's

Moveiiibi-r drllviry

B«pt<«iiil>ur rlHlivery

8S

SS^

fc9>«

Si»^

87>4
g7!^
8S»«
9019

ay's

90\

91

9l!'8

91>fl

Deoeuilwr imliv«ry

Oi>4

9279

Vi\

g'-'Hi

93

JauuuT}- delivery
May delivery
jQLe delivery

9S<>b

99

98*8

9978

99'4

tgais

89's

fully

9278
9438
957a

lol

Soij
9o«i

92%
037^
Hdi*
looij

102>4

by no means briek. The upward turn of values was due
mainly to sympathy with wheat, and yesterday No. 2 mixed
afloat brought 5Hi^c.
To-day part of the advance was lost,
with No. 2 afloat selling in a small way at Sat^c. Yellow
is

scarce.

2

40a 2

90-

« 2 95

«
9 57
9 35i«
36 a 43
3314 • S^i^
37 9 38>4
90 9105
75 9 80
85 ® 90

State and Canada... 54

92
HH'^

90
92

Oats— Mixed

31

White
Mo. 2 mixed
No. 2 white
Barley Malt-

91
53
o2'fl

Uanada

5319
5314

State, two-rowed...
State, sLx-rowed

No. 2 Ciuada
Peas—Canada

5(j

54

» 80

75

67iaa

68

of breadstufta to

Com.

Flour.

Oat:

532,503
81.315
082,714
465.211
53.885

2,290,133

1,438.511

21.120
62.300

B'Z.-iOO

230

697,811
15,600

192.32aj

134.K88

3,023.863

113.896
ei5.230

2,045.412

Same wk. '84

4,697,806

Since July ii
iwte
lBb6
1884

470.024
SOd.eiO

10,152.663
4,671.470

605,59:1

9,3U6,531

65.700
43.951

Toledo

Louie.
Peoria

St.

4.449
2,085

5.115
82,438

...
..

BarUy.

Rye.

Siuh.eOlbtButh.MWt Stuh.92a>» Bu$h.Villa ituthMU,,
182.887
27,025

44,77a
2,000'

51.550

40,S50
53,390
60,000
225.U00
498,350

2,644.724

2,368.601

1,924 440

1.498.965

219.332
25.4-5

62,597
73,661

2,516,125

1,980,881

38,155

213,005-

D.8 17,949

6.818,642

4,597.835
b.680.33«

S.-J90,716

418.091
ss.oie
68,908

253,401
149,184

9,801

17,500

10,361
4,573

50O
4,564

4,847

284,594

Tot. wk. '88
Same wk. '85

3,8Sa,419

357.960

The receipts of flour and grain at the seaboard ports for the
week ended Aug. 14, 1886, follow:
Wheat,
Barley,
Bye'*
Flour,
Oom,
Oats,
bush.
bush.
bbls.
bush.
bush.
bush.
At—
111.8611,854,858 267,3iO 559,712 17,670
7,481>
Sew York
86,388

116,322

92,5,55

58,570

42,908
25,070
50,149

Kiohmond

,5,745

217.398
510,868
743,075
34,155
46,100

25.777

Baltimore

20,716
25,380
25,942

Boston
Portland
Montreal
Philadelphia...

57,2.10

Total week... 297,480 3,52 2,736 553.850
Oor. week '85.. 169,582 1,331,310 1,094,305

955,147
851,143

New

Orleans...

21,468

3,000
12,990

1-0,6 >1

117.036
6,688
90,683

18598

500

200

17,876
1,075

23,970
lu,aOO

*y».

89>4

Indian corn has advanced in price, although the demand
for export and hime use has been small, and the speculation

con), as well as white,

4 75

The exports from the several seaboard ports for the week
ending Aug. 14, 1886, are shown in the annexed statement:

yij

89\
giH

9
9

350»

3 30 9 3 60
2 309 2 60

July 21 for 'each of the last three years:

Milwaukee...

were not

-a

$3 00 9 3 40

marKet is indicated in tl e
statements below, prepared by us from the figures of the New
Vork Prcxlucse 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. 14, 1830, and since

Dulutb

In elevator
Aujruamellvery.-

48
48
53
50

I'eUowSoathern.

being held so high as to practically withdraw it from market.
The advances paid for the most useful brands amount to 20 @
30c. per bbl. from the lowest figures of the season, but the
general range of quotations cannot be marked up so much,
and the close is quiet. Rye flour is more plenty, and the
choice grades are cheaper. Corn meal is scarce and firm.
The wheat market has been active, and prices have matetially
improved. There has been an urgent demand for export to
the Continent, (or which nearly two million bushels have been
taken in the past week. The fine quality and excellent condition of our new winter wheat causes it to be in brisk request
for mixing with the softer wheats of Europe, while heavy
rains in Ureat Britain have stiffened up those markets. But
to-day yesterday's advance was not fully maintained. Foreign
advicts were favorable, and the export demand was fairly
active, but many of the recent buyers for the rise became
their places

5l\»
«

Weet. mix. No. 2.
West, white
West, yellow
White Southern..

The movement

Rye— Western....

82 9
87 3
89>4»
78 a
82 9
48

HprlDg,per bush.
Spring N0.2
Red winter. No. 2
Eed winter

Detroit
Cleveland

and

84

Canada peas are firm with buyers at 67J^c. Birley of
crop makes some progress toward the opening
of business for the season, and No. 2 Canada sold to arrive at
the

More from sympathy with wheat than from any excess of
demand over supplies, there has been a considerable improvement in prices of flour in the past week —some of the ttock

to reatizd profits,

33ifl

sm

track.

Chlcago

Fridat, p. M., AQKUSt 20. 1886

rri.
3319

33H

come forward moderately .selling at
for State, &c. , the inside price being for car lots on the

@ 57c.

£I>1>.196U»

«READSTUFFS.

33ie

T^urt.

of the new crop has

Rye

SM<«Ptl Ot-

sellers

unsettled.

DXILX OLOSIMO PRICES OF NO. 2 OATS.
Sat.
Xon. Tuet.
Wed.
Aa^rist dellverv
33
Si's
33
33
3:li8
Beptember delivery........ 33%
33
331s
October (lellvory
31
3414
Si's
31'i

and
iMuly,

Ita.y.

•the openiUK, highest, loweot. and cloeing prices of futures at
These
lirrerpool for each day of the week are given below.
pHcee are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
TAe priea art given in B<n<« and Bilkt, IHui: 4 63 mean!
4^-e4d.. and .^ 01 nunnt r, 1-A4d.
ami.,

52%
531a

8,000

Qalet.

Ans. 14.

!>i%

52
5208
53 >a

10,000
bOO

Qalet.

(

f-.M

5311a

F>2,

r>i

au

800

Ftrm.

fy-l'H.

b2\

Fri.

M

6»i«

8,000

Easy.

ft2»H
53<>8

ti2

TKwri.

.Ilia

5»i6

500

•teadj.

51^

Wed.

sm

SSi«

7,000

Barely

51^

61

Oats have been fairly active, showing at times much strength
but supplies have been liberal. There is no longer
any apprehension of deficient supplies, and to-day the market

aoo

i

.M»B

Freely

10.000

Steadr-

Slij
51

Tfiee.

offered.

5UU

Bteadr.

Man.

More

7,000

Bpee.A exp.

AatrnHt dellvprv

Sdptember delivery
October delivery
NoveiLber delivery

MIX KD uoan.

'i

Sal.

doing.

&*«

Mtd.Orl'Di.

DAILT OLOSINO PKIOSB OP NO
NC>

xun.

Vol.

Firm.

Mid. Upl'd«

Ulea

Itulai,

I

Sxports

from—
Sew York
Boston.
N.

..

News.

Montreal.
Philadel..

Baltim're
». Orl'ns.

Wheat.

Oom.

Bnnh.
528.313
158,087
86,000
337,381
2H9.5S3
875,401
151,250

Bush.
157.025
48,845

Flour.

Oats.

83,896
66,774

Bush.
2,419
60

133,227

36,313

51,266

250

786

lll,6.i0

71,677

34,395

754

2,439,015

490,362

260,200

53,745

732,132

755,408

126,371

148,583

Bbls.

Bye.

Bush.

Peat.

Bush.
4,153
7,752
...

...

97,013
.*..-

Klchm'd
rot.

-wTi.

108,918

8'me time
1885.

21,313

The destination of these exports is as below.
oon-esponding period of last year for comparison.

We

28,527

add th

ACOCST

21. 1886.

THE CHRONICLE.

J

Wttk.

Week,
Aug. 11.

Wtelc.
15.

Aug.

II.

1886

18M.

18FS.

IROfl

Auj.

Oorn.

Wheal.

FUntr.

»Mporl»

ire«Jc

Ju0. 15

.il-ff.

Bfh
23.18a
I4.ai7
IX. aS)

BrIUroI'a'

7.5^9

HI.5!>1

Othx'n'U

9»9

4d3

2B0.3OO

Week.

follows:

15.

Aug. 14,

Onck of Print Olotk*—
Hnld by ProvlJeaoe manurrs.

Bh<4

7J.175 l.m.«78
2,5T7 ^aS'-SlI
7.000
i'j.44e
32.090

19\7M

ITa.KInK
Coottn'ni

ISW

viz.: S^gcs. for 61x613 and 3o. for 53x60*.
Siocks last Saturday and for the three previous yeara were as

last quotitiona,

Aug.

14.

54t.0<)3

40«.'24t

187,069

«3.942
12.H82
7.141

80

4r6.S54
243.0JO

H,2^0
11.314

7i2.l3^

490.362

735,408

eeaboard
at the principal point* of aocumolation at
parti, and in transit by rail and water, Au^. U. 18^
Oato,
bulk.

Inuk.

213.434

70.016

13,575
1,379

so.e-io

Oora,
tmtk.

•wTorc
Do

1.9r2.S7<«

116.200
32.000
301.101

990.«00
1.000

aflokt...

Albany

3,010.23^

Do
Do

aSoat

Do

afloat.

miwaakw
Da

3.227.T92
l,075.^TO
70.000
S.n85.4S7
105.000
59.«9«
273,005

0(we«o

•bLoma
aaotnoatl

...

BoMoB
ToroBto
WoBtnal

15.827

119,747

8,969

56,011

90.94'6

3.9«3

49.3311

•••*••

•••••

1,093.356
3.000

371.301
36.060

47.550

357JM6

55.400
5.974
40.000
324

76.864
9,819
5.000
7.80 i

4.655

343

16.1133

31,630

9,093

>.7I9

SS.199

1S7.017

e«.M9

89.600
152.383
54.100
1,790

11.447
98,600
176JI40
lSt,34S

Mt.ao»

•M,9M

r

ta.i'M

...

0.916
9.000
161
7.657

•CPauTTIr
MlMiMtpt>l...
lake*

oanal

... ..
3.239.587
6^5.rOO
»j»oa
79.100
1.301.8:0 I.0'4,4I6
S97.«00
8 496,000

......

-86. 38!or7.7o3
lot. *!)«. 7. 'H6. !1«,"52>T4
Tot All*, t^. •><M tfi.n'41.1ir.
Ttot Aiig. lrt.'«4) li.e.-.i.^S'
Tot. Aux. 14. 831 2l.u.'8.84'i

9.II3I.408

"TV
317.706

1«7.291
1.813.713 85-1.1 i8
J,03S,B53 1,JWS,73J

10H.487
ITP.385
841.620

LWHXM)

i

_

490.242
420.H47

9311.164

8.rt'J5.340 3.O31.3Jl

1

25'i.884

wrrk'a itork»-lloll<1ar Aaira<t 16.
61. Paul aatloetudad.

MUuwaiKilU asd

THE DRY GOODS TRADE,
Vnr Toaa.
The

j'

bV'iDg trade in

rrtdar. P. M., Aas. 20. 1886.

dry goods was

fairly actiTe the past

we«k. owing to the arriTal o(> grtat many retail buyers from
the WMt, Boatbwcet and South. wboM opamtiooa in fall
•nd winter goods roaebed an impartant anMgste amountThere was not th* laaat teadaocy toward* speculation on the
part of retailers, hot their purchase* were quit<« liberal, as is
geaefally the ease in the face of a rising market. Business in
Mmmissioa and importing etooles was only moderate as regard* selections by buyer* on the spot, but there was a steady
improrement in the re-order demand f rum Western and South.
iWfl tei u markets, in many of which the distributing trade has
ataitad up briokly, and fairly satisfactory orders were alio
reodred from some sections of tli« Sonth. Manufacturers'
agents and importers oontinnad to inaks steady delireries of
fall and winter goods <m aoooont of prsvioas tnasactions, and
attocetbcr the bostaess of the week was of moderately good
propoi tloH*, Disquieting reports were reeeired from Bsston
ngarding a seriotu defaloation on the part of the Treasurer
the Atlantic, Indian Orchard and Ocean Mill*, and for onor

rumor proved

generally beliered in the
best informed quarters that the abore mills will be able to
meet their liabilitiee, outside of stockholders, but it is feared
thatsome lo** may be sustained by the latter, thoui;ii nothing
deOaite in'regard to tlte actual condition of affair* has yet
to be correct.

Domestic

Woolkn Goods.—There was an

and very fair orders were placed for apflng caseimeres,
worsted suitings, &o., for future delivery. There was also a
fair demand for small duplicate parcels of heavy oassimeree,
worsteds and overcoatings, and agents continued to make
steady deliveries of certain makes on account of former
transaction*. Kentucky jeans, doeskins and satinets were in
moderate requtst and steady in price. Cloakings and Jersey
trade,

cloths were in somewhat irregular demand, and upon the
whole sluggish, but there was a good steady movement in
ladies cloths, tricots, soft wool suitinKS and all wool and
wor*ted.dres« goods.
Flannels and blankets were leaa active
in first band*, but a liberal distribution was made by leading
jobbers, and prices rcmaia firm on all deairable makes.
Shawls and skiru continue 1 in fair request, and there was a
steady though moderate busine« in carpets
wool hosiery,
heavy underwear and fancy knit goods were in steady request,
and firm at current quotations.
FoRUON Drt Goods.— The jobbing trade in imported goods
has shown more animation, and there was a fair demand for
some descriptions at first hands. Staple and fancy dress
goods were in fair request, and prices are firm all along the
Dreas silks were in moderate demand, and a fair biuiline.
nee* was done in plain and fancy silk velvets and pluahee.
Spring clothing woolens and worsteds w^re in good demand
for future delivi'ry and prices remain firm.
Linen goods,
handkerohiffs, em'>roideries and laoee liiive met with a fair
ahare uf attention, and there w.is a moderate business in
bosMry and fabric gloves.
l^l^rtaUoas or Dry Ooo<a.
The importatioos of dry goods at this port for the wotk
ending Aug. 19, 1880, and since Jan. 1, and the same facts for

It is

tlis

oorresiMMtdlmt periods are as follows:

'h

t

iiiiii
§

ft

at',— •-

MM
J.S

UW60

this port for

«D

I

o'-O

:

:

o

;

;

!

I

O-V-

— OOOs-

a.

M>C M

acaSe-i

B

«• J»

UWMW-4
5

J»g P*1

I

Jb

— «• W*

e

q>ew-

'

«1

*ovoa
M M>a
W«

?5g

SUD-J&
u.-^ 10

«» »

Vice's
•-•

ftOCiOU

U0
-I

- »- v » -x

>x

<

I

I

<

ODSO AM

ftO**-^:0

K «• » Oi -I
^_-J — *. JD
1

Voi

10 6000 OS QD

iN'j^ft'uit-

;

'

0^'t«<Z)

"a'u

at

> K .-

SSI..low

ccetooDw

ery

fair deliveries on account of back orders from this
market and direct from the mills. The jobbing trade was
fairly sctire, and more than an aTorage package buaineas in
brown and bleaciiad goods, cotton flannels, fto., was done by
large jobber*. Prices of staple cotton goods rul<>d very firm,
and stocks are in remarkably good rhspe and by no means
redundant. Print cloth* were in fair demand, and firm at

i

;

.^^

Cotton Uoods.—The export* of domestics from
the week en liog Aagutt 17 were 3,587 packagns,

and the principal shipment* were made ai follows: China,
M5; Great Britain, MO; Hamburg, 6M; Brazil, 316; Chili,
183; Hayti, 117; ArgenUae Bepnbllo. 123; U. 8. of Colombis,
llOw ftc. There was a steady demand at firDt hands for
oioderatA-sised parcels of plain and colored cottonn, in which
all descriptions participated, and agents continued to make

B

«

ffft^
Ol3

:

» ft GO Id

8S5S?.

S'i

:

:

11.

b(«o saoertained,

Donsnc

increased inquiry

by the wholesale clothing

;

59.S00
101.000
,

Tot Ann. II.

* I.i<*t

•00

;

JUnnMDOtto

than

for light-weight clothing woolen*

eo.o>io

SIS,40«

Do

317;d¥8*

986.301
6.700

46

....

nSaflalptala

<

1.422

i.eoo

afloat.

3I0,0<I0

1»5.000

firm prices.

bvk.

3.B1%03«

Tetodp
Dsmit.....

Oa
Oa
Od

Bvlei.

176,251

3.069,631

Dnlotk

print*, other

....

3,733306 I,141,41V

8,029.040

Ohlea«R>

f»e.

1883.

125.000
270,000
2^2.000
60,000

54'i.0>)0

and there was a moderate business in ginghams, cotton dress
goods, table damssks, scrim curtains and cotton hosiery, at

:

2,743.907

18S4.

405,000

228,000 1.173,000 1,456.000 737.000
spacialtiea, were in light demand
at first handa, but a good business in thee? goods was done by
jobbers. Crinkled seerbuckers continued in good demand,

Fancy

atocca in granary
nM risible supply of grain, oompriniig thelake
and

JtaMarcol—

Aug. 16, Aug. 13,

1S8,V

44\.000
158,000
320,000
350,000

Total stock (pleoea)

1.230

IIIW'I 2.1''9.0H

Aug. 15,

iti*6.

82,000
28,000
93,000
85.000

FiOl Klver inBiairiiotururs...
Providence speculatora
Outside speoulatorB (est)

bO

1,9M

227

0>

.....M,

TO

-JO>-»tS

y

00
I

A..

XO

.

228

^uks

nn& SanlitrB

THE CHRONICLE.
®ut of ^cw^otk.

^voL.

Itisttraticc.

SEW ENGLAND BANKERS.

BANKS.

Chahles ii.Shiloon, jr
liODOWirKj.UUX, K.8.»lcCAKnLM8, A.W.niu. Joshua Wilbouk,
Vloe-PrMt BsHjAHiK A. Jackson, William Binkky, Jk.
(^whlar.
Prwldant.

TU

Gate City National Bank
-

«300,000 00

AeaounU of Banks, MarcbMnU,
b4ItI<Iiu1« raapectf ally •ullolUd.

Corponuoiu ami

and Surplns,

Capital

-

OoUaoUoiu prompUjr made and remtttad

for.
of Idle

F.

1'res't.

W. GOOKIH,

WKYBOSSET STREET,

PROVIDENCE,
ExohaoKe.
Private Teles raph Wire to

I.

New York and

Mutual Insurance Co.,

Boston.

&

Swan Barrett,
BANKERS AND BR0KBB8,

Asst. Cask

North-Western Nat'l Bank,
CHICAGO, ILLINOIS.

R.

Dealers In Commercial Paper. Government and
other UrstKjlass Bonds and Securities and ForelKn

and
WUJ act aa airent for the InTeatment
torpliu funds of Hanks or Individuals.
In Aor active and Kruwiny ciiy luuney Is always Id
d. Our ntteg rftnjMinabli*. Olve OB a trtai.
Bwa. 8TUB0I8.

ATLANTIC

BANKBKS AND BItOKBBS,
No. 63

United Slates.

Ihe

OFFICK OF.THE

Wilbour, Jackson & Co.,

ATLANTA, OEOKUIA.
Hmgwatorf Depotitory of

NEW YORK,

186 middle Street,

PORTI.AND, niAINE.
Dealers In tiovernment. State, Connty, City and Rail
road Bonds, Bank Stocks, Ac
Desirable Investment .securities constantly on hand

bolds In addition tl.000,000 U 8. 4 per
Booda at par. pledged by Its stocliholders for
pcoteciton of its customers. Haid bonds are
Helliell as abore Instead uf bcinii held by the Bnnk
• put Of Its leiial surplus, to avoid what we think
mnlMt and exceeslTe local taxation.

ThU Bank

«t
M

.

.lawtTT ITa.. JnaiAB JiwKTT.V.Pres

WiLLLUi

C.

CoBNWEix.

1st

Bank of

N. Y.

Gerlach,

CHESTNUT STREET,

Exchange and Letters of

JOS.

Jos.

M. Shoemaker & Co.
SOUTH TBIBD STBEET,

No. 134

PHILADE LPHIA.

DURHAKI, N. C,
Special Atteution to Collections.
FIKST-CLASS FACILITIES.

BALTinORE BANKERS.

New York Correspondents.— The National Park Bank
and seventh Ward National Bank.

H.OARI-IES,

K.A.oiraitd,

E. p. Hill,

President.

Cashier.

VIce-Pres't.

Commercial National Bank,
HOUSTOAF, TEXAS.

......

Capital,

8200,000

Collections receive our special attention

and are

promptly mm it t^^d 'or.
J. O. FletoherTj STATU BANK, [C. T. Walker,
FTMldent. ( Incorporated 1875. S
Cashier.

Wilson,

&

olston

C

Co.,

BANKERS AND BROKERS,
(Members

(

....

r'ald In) -

First National Bank,
WIMniNGTON, N. C.
Oollectlons

made on

parts of the United States.

all

MEKC11AM8' NATIONAL BANK,
HICH9IOND, VIRGINIA.
Golleotions made on
tunoMi prompt returns.

JOBK

all

JOHN

F.

BRANCH,

President.
Vlce-Pres't

Qlixx, rash. FiiKD. n. 8CUTT.

BRANCH &

TIIo:n.%S
CO.,
BANKKKS AMI Cd.M.MlSSlON MERCHANTS,
RICHinOIVD, VIRGINIA.
Circulars and Inrormntlnn on fundinKthe debts of
VIrKlnlaancI Norlh (iirolinii frfiMit oust one-eiiihth
per cent rharif»-'(l f.ir funding. S<iU(hcrn lijiilroad
;

and.'^tale «M*1

(

ity B4Mii1» bouk'til

and

sold.

Brewster,

Correspondence solicited and Information fur-

No. 7

A Co.

SeCJTH STREET,
BALTIMORE,

TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.

WESTERN BANKERS.
Lamprecht Bros. & Co.,
P ANKERS,
SUPERIOR STREET,

No. 13^

BANKERS,
No. 85 CONGRICSS

STKERT,

AI.:iO,

•

Daalerx In ItlnntclpHl, State, Riillroad
and Pnlted .StaUa Bunda

Samuel G. Studlcy,
COMMISSION STOCK IIROKFJC.
Ho. 4 Kscbance Place, Room No.

«,

BOSTON, MASS.
IIMXMBKH OF BOSTON- STOCK KXCHASUK.

$1,915,020 67

The Company has the following Assets,
United States and State of New
York Stock,

City,

ylz.:

Bank and

other Stocks
$9,034,685 OO
Loans secured by Stocks and
otherwise
1,438,60
Real Estate and Claims due the
Company, estimated at
530,000 00
Premium Notes and Bills Receivable
1,508,143 68

228,897 88
$12,740,326 46

SIX PER CENT INTEREST on the outstand
log certltlcates of profits will be paid to tbe
holders thereof, or their legal representatives,
on and after Tuesday, the 2d of February next.

THE OUTSTANDING CERTIFICATES of
the issue of 1881 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the 2d of February
next, from which date all Interest thereon will
cease. Tbe certificates to be produced at the
time of payment and canceled.
A DIVIDEND OF FORTY PER CENT

H.

RflNfl*?
""'*""

P.

&

Harris
St.,

Co.,

CHICAGO.

°' Counties, Cities, Ac, of hich Brade a
specialty.

Send for UeHcriptive

F.

l.i8tB.

&

Co.,

"* Mlssoorl, Kansas and UllnoU

&

(/.has.
Potter
INVESTMENT BANKERS,

j>

Co.

BONDS
LAKE SlIPKIllolt IRON MINING
STOCKS,
AMI M UI-.KT vil.KOAo SKCURITIB
ANn'riTv"'
1(

R. T. Wilson

&

Co.,

BANKERS AND COMMISSION MERCHANTS
a Exolianee Court,

New York.

Adolph Lemoyne,
Robert B. Mlntum,
Charles H. Marshall,
Frederick H. Cossltt,
William Bryoe,

John Elliott,
James O. De Forest,
Charles

D

Leverloh,

Thomas B Coddlngton, John L. Riker,
N. Denton Mmlth,
WUllam Degroot,

CLEVELAND, OHIO.

TOWN. COUNTT

W

James Low,

Benjamin H. Field,
Josiah O. Low,

305 OLIVE STREET. ST. LOUIS,
Dealer* In Western Secorttlea.

H.

D. Jones,
Charles Dennis,
H. H. Moore,
J.

A. A. Raven,
Wm. Sturgis,

1871.

Keleher

Secretary.

TRUSTEES!

of Clevetant*. Ohio.

W.

CHAPnAN,

Lists

and prices fi-rnished on application. Write us if you
wish to buy or sell. Refer, by permission, to Society
for SaviPifs, Savings 4 Trust Co. and National Banks

N.

la

declared on the net earned premiums of the
Company, for the year ending 31st December,
1885, for which cerUfioates will be Issued on
and after Tuesday, the 4th of May next.
By order of the Board,

DEAL

.

IMEUBEKS OF THE NKW YOKK AND
BOSTON STOCK EXCHANGES.

same

$776,712 42

J.

TOWN, COUNTY AND CITY BOkns.

ii£Sf''i'!"*V,"°?''.'
Bpecialty, JJood Investment -iBcorltlas. pavlna from
four to eluht per r<«nt f. .r sale.

BOSTON.

the

penses

CLEVELAND, OHIO.
Transact a general bankiUK business, and

IN

ESTABLISHED

Estabrook,

from 1st

Amount

nished.
N. Y. Correspondents— McKim Brothers

Cobb

&

Losses paid during
period

BALTIMORE.

115-11* Monroe

VTEW ENGLAIVD BANKERS.

oil

January, 1835, to Slst Decem$3,770,094 SO
ber, 1885

(INVESTMENT and SOUTHERN SECURITIES a

Southern points on best

P.

Premiums marked

$5,196,143 76

CashlnBank

specialty.)

$200,000

Prompt attention given to all business in our line.
N. Y. C'OKHl!,si>OM>KNTa.—Importers' & Traders'
Nation al Baiilt nt. d .Nu li onnl Ba nk of the *>'epubllc.
B. K. BUUUU88, Pree't.
A. K. Wai.keh, Cashier^

1,339,525 10

1885

Premiums

of Biiltimore .Stock Exoliatige),

German National Bank, Robert Garrett & Sons,
BANKERS,
LITTIiE BOCK, ARKANSAS.
Capital

31st

Returns of Premiums and Ex-

BANKERS AND STOCK BR0KBR8,

P. A. Wii.bt, Cashier.

The Bank of Durham,

BOBXBT M. JANNXT.

M. BHOKMAKIB.

1886.

$3,856,918 66

KxchanKes.
Bills of

Cable Transfers,

Credit.

CoKKK-PONDKNTS.— New York, National Shoe &
Leather Hank; Union Bank of L<-ndon.

Pay

&

Narr

let January,

Total Uarlne

Members of the Philadelphia and New York Stock

This b&nk bus superior facilities for making <K)llectloOBon all nccessible |K>tnt9 in the United States,
Canadsand KuTitpe. l>iberal terms extended to ac•otintfl of bankers and merchants.

W. T.BiaACKWELL, Pres't.

off

BANKERS AND BROKERS,

-23,

Premiumson Policies not marked

PHILADEIiPHIA.

9300,000

BUFFALO,

PHILADELPHIA BANKERS.

No. 437

Buffalo,

January, 1885, to

December, 1885

Casbler.

CAPITAL,

January

The Tmstees, In conformity to the Charter ol
the Company, submit the following Statement
of Its affairs on the 3lBt December, 1885:
Premiums on Marine Bisks from

Capital, $200,000. Surplon, $S0,000.

jwRmw H

XLmll

Horace Gray,
William E. Dodge,
William H. Maoy,

George BlUs,
Henry B. Hawley,
William D. Morgan,

Hand,
John D. Hewlett,
William H. Webb,

Edward Floyd-Jonee,

Charles P. Burdett,

Thomas

C. A.

Edmund W.

Isaac Bell,

Anson W. Hard,
Maitland.

Corlies,

JOHN D. JONES, President
CHARLES DENNIS, Vlco-Presldent.
W. H. H. MOORE, 2d Vloe-Pres't
A. A.

RAVEN, 3d

Vice-

eeldent

AaawT

THE (MRONICLR

31. 1880.J

%vsnvtucc.

The United

RO^r RBADT.

States Life

(OROANIZKD

Tork.

urDiaPTT-

Aauaftartkraa raan.
All Daath dalma paid wrrHocrt DIsrorxT aa toon
iiiiiiifitaTi

nto OoBpaay

imn

laaoaa all

Railroad

Securities.

CONTENTS.
DiwcRiiTii>!«

OP SrocKa AiTD Bohm. am

A 8TATt:MtKT OP THK iKroMB
yean past aud Fixto Ciukcks.

H ifbeat aad Lo»
BonM

Oaa OBtlt'a crao* allowad la tka paraMot of
laai i oa TouM— PoW Maa. ana tea dara' graaa

i
am

for (oiir

all ottata. t>> laaaranra faalnli^ la fan fom
dailiw tba mca,
Abaolau aaeontr. eooMsad with tba larraat Ubar•Bty. aaaoraa Uw prualaHty and laiiaw or Ula ao*•aay.
aiiit tka ComOOOD AOBIITa,daaMn« lo
paoy, an terttad to addraaa J. 8. OArrXET, SaparI €t Aamactm. at Uoa

EQUITABLE
LIFE AMVKAKCB •OCIETT,
BBOADWAT. KEW TORK.

A!<i>

8T."

rv^ 1.,

.-

..

.

•u.^oajMu

BCRPl.l'S

Ykaklt Ramie op Actitb Btock*— Data ef
hiafacat aoil lowest pricaa made In iba jMira
1877 lo 18^5. Includrr, and to July

Diridaa4a.—
biTiDBiM oit RAit.BnAD BrocKi
alx yrara. 1880 tn 1889,
prior to July lu 1886.

In 1886.

and

(ianaa a.oh >'kt EAUnBoaao tar aa reported
In 18sO. 10 compartaon wttb 1885.

Priee la Red Leather CererB, • • $1 00
Ta gabaeribera of the Chrmilcle,
76

V

WILLIAm
A

7»

AMcaASca la IM*
••,<
OcnTAaDisa AMtntAHO
iMj
TiilaTjairl rnliiiTlulian m liwi
~T.
Paid naif naldw ahaa Or»aaHal torn

faeant Tulaaica aaa
oktete twam
~
Hahar* Boat ot tba aarllar T(

?•

A

81

WILLIAM 8TRBBT,

•mj-taar pa«aa

William

Crenshaw

oT

71

WALL

IT

tkapab

Waadard

Wisner,
M!W YORK,

Engrene Ka ColCt,
Ha* aoBcama organlilix wUI hata tkair

No.

WILLIAM STREET,

1

<IIANoVKH BOL'ARB.)

Warn

ORIENT CICANO HANDFACTG

CC

J

U

Walter & Fatman,
COTTON BROKERS,
«a

BBAYBB HTRBBT, NBIT TORB.

Btandard Bap

ABLEST LITIMe WBITER8

m

<(0ttOtt.

CO.,

8ULPIIUE .MINES COMPANY

Alexander

Alt.

M

tT

8ECURK BANK VAULTS.

U

Ml IS a

jmt.pm at tmt

PSSijmtit ir.tortl to.
I

AVGLSTA, GEORGIA.
Batlra a tt aatloajrtTaa to parobaaa of

>lS°3i

m

*"w

--_W\)^S!Inta lobaa*

"In

f«''i.
r».

a

naaw aaaM aa m«

'"^rotaaaoat of tka aalaotta p«rtMll«ala,'<-ir. r.
In

'

r

»••

r

WELDED CH ROM ESTKFL AND IRON G-o.

•ataolMa*

Roaad aod

Ban. and S

and Aaalaa
VOR 8AFE8. VAULTS. Ao.
rat
or
nnnad.
Ctaaot ba Sawad,
and praatleaDj
la

pabllrul
>i>"n ta t
taaaMai
aa ukl ui waa allra!Sr<j%|Ai.h
Uraai
"Si
noaieai utaralaia.'^laia.^-Oaa<ap aatoal t»MM^>Ma£l.

Klai

pip Plataa

niROME STKKL WORKK,
,,-.

1^1

"

(ho
<1»T."-

r.-.--h.

'^'•-

man
•<l»

VII

Taa

nH* iiwntiiir

LmBLf. * CO., Boataa.

Copeland

&

Co.,

(xyrroH biiokebb,

ISA

PRAHL WTHRKT, NBW YORK

Barptar Proof.

Prw>.

RRnOKI.V^.

1«.

V.

thalrlDTotai
T" mrnltnnt

t tka

OOTTOa

tor BPInmBRB aad BJCPORTaBa.
coasaapoiTDaifOB bouottbd.
Rapaaaifcaa.— NatloBal Bank of Awnuu. Oa
llanrr llaau A Co.. OMaalaaloa Marahaiita. Naa
Tork Wllllaa B. Daoa A Oo^ Propriator* CoaifiaciAL A rLMAiiOLaLt'BBOinciJUaadolkar Naa Tork

TO OHIiKH

I

Taa

wall Isfannad
ad
awraat Mtarataia
maragataaakrifca
n> nut arBaaitkUaa.''-nala
of •loTia

&

Cargill,
COTTON BROKERS,

OF VIUUIMIA.
Blak Orada Pyrilaa fraa ttom Araanla.

PMIUcaaad

a? aBTaatlliaraay.aa»lalU iaaaiikaaaayarbaaaaaM3i».ao»o«>ai»t .ia i«i ad to la taat aa Sla to-dar."

ur iwi

proaipUit azacutad.

aiEHCllAATS,

Fh'ur for Bklpnaat lo
llUaatn >lwa7ianhaBd.

aanaafM«fataf»-

'Ulaaatlae

IMS.

I

OKIBRT,

aaa aaa.ai—aiMt Ika •Maiald
Asa

aaa

)ha J edaaa of anj of tka Carta.

_

Braotfa uf

aa

9t LMarataia^

UiW.

Pklladalphla,

gaaallaa Baafec Baakari. puxk Brokara aad Cora^
alia rwilna outauof Account Beoka aaa

KK'ilMOND, TA.

I

Law

RmniaxciaT-Tha Tnut Ooialfcnlaa. Tba NaUoaa,

STABLI8IIKD

KW TORK

THE HAXALL CRENSHAW

aaapllaUoa<
aadlifMMBMc

Porter,

Bankaaod Hallroad OompaalaatB

Maabar* of tka CoMoa. C o a»« a ad Prodaaa Kzek'!
AOEXCT OP

Khik
a* c

W.

OorporatlOB. TranaportaUon aaA»>ia»»nlal

CO..

&

ST.,

COaaiH!ilO.\

watapfclaal.
J^KirtaaTaail PoSuSl' lalonauoa.
^Bmm tka aatlrf kglyMlFaw^a

far Maporl Tradt.

Attopney and Counacilop at
Ho. 623 WALM'T STREET,

pitscellatuona.

A WKSKLt MAOASIRB.
wfmmm*

DANA *

B.

Aa.

Tewala, aail*^ Wklta OooAa A HoalatT

BTATIONKB AND PBINTEB.

apoa lu fortraal »ltk aaa.

jaar. feavlaa

«tT«a •nr-iira

PRIMTB. DKMIMB, TICEB. UUCKB.

PhUaAelyhla, Pa.

Ikaaora

Littell's Living Agf.
ITW ISM THB LITIWCl
AOB aatan
[It

BBOWN A BLBACHBB SHIBTINCS

aiNCB lafo.

WlblilAn
A

Co.,

New Tork, Boatoa, Philadelphia,
BSLXJMa AOBNTB POR LBADINU BRANDB

DANA * CO

B.

Chronicle Volumes

l^nMications.

IMrd

Fabyan &

Bliss,

WILLIAM 8TRRET, IfBW TOBK

81

Aap oBW pinfini tkaaa tolaiMa MaaalVIOkaa
at kaad nr aoanalaDt ratataaaa a aeaalat a aad i»
Makta aaaaalal hWorr o> ika paftod. PattlaakaTlaa

I

IMPOSTMRB or

IRON COTTON TIBBr-

DrUU, Sk—Hngt. Ac.

V.flUiBdar4 4>«B«re«Bl
laUrMt. 117,485.3119,10.)

w

ST. LOUIS, Mo.
Apanu for tba aala of Jala Ba«(lB(

MaDOtactaian'

.paid in

lacloalTe,

Railroad KaruincR.—

(rpluaoB N.

*>r><iM ttr LlaMUItM. Mt «T«r»i<iiidird
Maa larvir Uamlkat*/ an* atJ^W*

WARREN, JONES & ORATR

AND 8HBBTINGS,

ttMH.Itf i;

.

CO.
In itotk

BAGGING.

>10AD
i.wsros,

...>»,

rnmt*»mt.

UABIUTiaa, 4 par eaet ValaaUoa

A fall npplr. all WIdtha and Colora,^waTi
No. 109 Daana Straat.

Tea Trar Kaafe of Prices—

um

HVOe,
AMIRT<). JaxCABT IK. KM

ONITBS aTATBS BVIfTIRO

("'

PBtuiDKU'HiA and Haltimokb, lor the
ymt 1885, ami to July la 1886.

rr

•.

kind* ot

Alao. Axanta

CxrTBD STATBa

HE3IBT

Aod all

Id*

iTontliM aad Umltad (Noa-rtntatUos) Too-

ISO

COTTON SAILDUCK

Railroad (Mcaritlea

A

la

OOTTON CAHVAB. PELTING DDOX, OAB
COTKRINO. BAOOINO. BATKNB DUCK.8AXL
TWINKS. Ac., -ONTARIO" 8»*MT,iBW
BAOe, "AWNINO 8TRIPM.

JULY, 18M.

riinl"i1

torwu ot laauraDoa.

Co.,

Maaofaetaran and Daalara

Mraly.

iMllifaHiiij

&

HAIVI>-BOOIi:

T. B. BB08NAN. Pr«td«Bt.
O, T. rmALMian, Bm>. a. w b n.wmio bt. Ami B«a.
Qma. B. BCTBfOBD. Aetaary.
Ail tlM praMa balow to li>* Pvlicr-boMara ezeta-

AH Polieta* Imad br una Coaipaar ai«

Turner

Brinckerhoff,

UeOJ

lit

* 263 Broadway, New

261, 262

^isccllatieoitB.

I^ulilijcatiotts.

Insurance Co.
THE CITY OF NBIV TOHK.

Ilf

ii

jUSEPH cillotts
STEEL
PENS
MEDAL PARIS D<POSITION-I87B.
COLO

THE MOST PERFECT

OF PENS

F. Hoffmann,
COTTON BROKER AND AGENT
3S itCK Oft LA RorRMK. MAVRB.
FELI.OWES, JOHNSON & TILESTON,

COTTON, STO«!K8, BO.NDH,
as

WILLIAM

81

Ac.,
KBKY, .SBW TOKK.

Ordan la " Pnloraa" axawtad

at M, Y. Cotluo

Ezek*

THE CHRONICLE

thi

Waller T. Baleh.
Salh'l W. T. Hatch.

Stillman,

W.

MERCHANTS,
Post Buildiug, 16& IS EKOhangre Place,

INMAN,SWANN&Co

MADB OS ACCHPTABLK

COTTON MERCHANTS,

BKCUB1TIK9.

noiAl. Attbntiok to ordirs roB Costbaotb
VOR FOTOBl DEUTRBT Of COTTON.
OOTTON, ALL OBADBS, SUITABLB TO WANTS

C.
J.

19 South irilllam

Co.,

NEW YORK.

G. E. Staenglen,
YORK,

IVEir

COTTOTV.
BUYERS FOR AMERICAN

&

EXCHANGE

Fald-lTp Capital, R.

NEW

TORK.

Cotton, Coffee, Grain and Petrolanm Boivbt and

Bold for Casta, or carried on Margin, on tbe Tariona

xohanKCS

In

New Tork

&

T

NEW YORK.

Co.,

125 Pearl ttreet, Ne«f York.

ORDERS EXECUTED IN

YORK, CHICAGO, ST. LOUIS,
LIVERPOOL, HAYRE AND
NEW ORLEANS.

our

NKW

COFFEE

NEW TORK COFFEE EXCHANGE, and
GRiilN AlVD PROVISIONS
at the NEW VOKK PKODUCB EXCHANGE and
tbe

theCUICAUO BOARD OF TRADE.
Correspondents

A

Mes<ra. Smitb, Edwards

Uverpool.
Jas. L.ea

Co.,

Mohr, Hanemann & Co.
186 Grayier

Cotton Ezoh. Building,

:

New York.

Cotton Brokers,

New

Street,

Orleans, La.

MoLean. Not Orleans.

SPECIAL ATTENTION OlVEK TO TH« EXECUTION

LWHMAN, 9TEHN &

New Orleans,

Lehman, Durr &

Co.,

Co.

MuutROmery, Ala.

La.

LEHMAN BRO'S,
Cotton Factors
AND

.

oomnissioN merchants.
EXCHANGE PLACE,
MXUBKKH OF THE OOTTOS, COFFEE AND
PRODUCE EXCHANGES.
No. 40

UP.TOWN OrrrcE. No.

New York.

OF

ORDERS FOB FUTUBE 0OMTRACT8.

&

Gwathmey

& Co.,

PEARL

No. 123

ST.,

HEW YORK.

Orders tor future delireiT of Cotton'exeouted In

Tlslons In

New York.

to the purchase and sale ol

FUTURE CONTBACTS
New Tork and

—^—

40 and 42 Wall Street,

Llrerpool.

COMMISSION MERCHANTS,
IT Water Street,

LIVERPOOI.,

S?J*ill2?.""*°i°""'* "'. Cotton and other Produce
'^o Kxchan^es In Llyerpoot
tui.£!:S?i:
S.'i'"
"""""Baprauniadin
Now 5'
Ifork atttae office of

8AHX

D.

BABCiOCK

« Naaaaa Street, New York.

^-^—^^—"^

Phenix Insurance Co.
OF BROOKLYN,

195 Broadway, New York City
Company 1»( Day of Jan., 1886
»1,000.000 M
CASH CAPITAL
Office,

Reserve for unearned premlnma
Reserve for unpaid losses
Not surplus

2.S15,048 84
844,473 63
714,11)7

STEPHEN CROWrELIi,

48

FRANCIS

Tork.

PEARL

ST.,

AdTftnces

L.

Company

OF HARTFORD.

bougbt and sold

$4,000,000 00

Capital

Hsnbt

Bullabd.

Bullard

Assistant Seorelarr.
Local Dep't.

BURKE. Sec'y

Insurance

made on Consignments of Cotton, Con

on commtsslon.

P.

MTNA

& Co.,
NEW YORK.

COTTON.
&

President.

WM. R. CROWELL. Vice-President.
PHILANDER SHAW, Secretary.

GEO. H. FISKE,

New

for unpaid losses
re-insurance fond

Liabilities

H. Whbklkb.

Wheeler,

COTTON COMMISSION MERCHANTS
NEW YORK.
ALSO

BABCOCK&CO.

Neiv York.

nanliattan Bnlldlng,

Liverpool ; also for Qraln and Pro

BAGGING AND IRON TIES,

B. F.

Bethlehem Iron Comp'y

Henry M. Taber

John

Cotton Exehange BnlldluK,

TAINTER,

Ac

COTTON MERCHANTS,
COTTON EXCHANGE RUILDING.

f4,«io.483 ae

tracts for Future Delivery of Cotton

Cotton Commission Merchants,

Id

Bloss,

COMMISSION MERCHANTS

New York and

Robert Tannahill

Futures promptly

statement of

141

gWen

WALDRON

801 Chi-rch Street,

Orders ezeeated at the Cotton BxcbanEes In New
Tork and Lirerpool, and advances made on Cotton
and other priKlnce eonslKnod to us, or to our correspondents in Liyerpool; Messrs. L. Rosenheim A
Sou and A. Stem A Co.; In London, Messrs. B
NewKass A Co.

Special attention

Orders for Spot Cotton and
executed.

SPECIAL ATTENTION TO COTTON FUTURES

TOUK. MVERPOOI. AND NEW OBLBANS COTTON KXCHANGBS. Also orders lor

at

Co.,

WARE A SCHROEDER.
COTTON COMMISSION MKRCHANT8,

COTTON, ORAIN,
Dennis Perkins & Co.,
PROYISIONS, COFFEE.
COTTON BKORERS,

8 Sontb William St., New York.
KZBCUTB OUDBRS FOK FUTUKB DGLITERT

c o T

&

Schroeder

Cotton Exchangre Bnildingr,

COMMISSION MERCHANTS, NEW

at tbe

stjiicited.

Successors to

FETROLEVM, STOCKS,

CItr.

Henry Hentz

Co.,

W^ILLIAin STREET,
NEW YORK.

1

I

&

Williams, Black

Co.,

Liberal advances made on Cotton conRlgnment*,
Special attention y'ven to the sale of cotton to arrive or in transit for both foreign or domestic markets.

G.

RUIIiDINC,

&

Reid

& Commission Merchants
NORFOLK* VA.

Cotton Brokers

Correspondence

H. 6,000,000.

CO.,

NORFOLK, VA.

Price,

COTTON COMPANY OF STUTTGART.

Co.,

COXXISSION MERCHANTS,

COTTON

KURE, FARRAR &

AOENT FOB

Authorized Capital, R. M. 20,000,000.

R. Macready

Farrar
Jones,
PEARL STREET, NEW YORK.

NEW ORLEANS,

MtI.L8.

New Tork.

•elma, Monteomery and

T. Hatch & Sons,
BANKERS,

Liberal advances made an Cotton consignments.
Special attention given to orders for contracts for
future delivery of Cotton.

SI Stone St.,

St. 4c

Hatch.
HateK.

it.

&

182

&

P.

—

New York.

TO Sun.

Graham

Henry
Arthur

Personal attention given at the EXCH ANTES to
the purchHse and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS KECEI VED-subJect to check at sigbt
with Interest upon balances.
Special attention niild to I.NVE3TMBST8 and
accounts of COU.VTRV BANKERS.

or SPINNBRS

OmntiD ON TCBiu

1386.

31

NASSAU STREET, NKW YORK.

14

NKW YORK.
IiOANB

August

ptiscellaueous.

<i!i;0tt0ii.

<S/otttm.

Woodward &

I

(FOR BALING COTTON).

Ad ranees made on Cotton Consignments and Special
Attention given to purchase and sale of FUTURE

CONTRACTS OF COTTON.

JOHN H CLISBY A

CO.,

Asset* Jan. 1, I88«

No. a Cortlandt
JAS. A.

99,260,096 66
St.,

New

ALEXANDER,

Yorlr

Acent.

Commercial Union
Assurance

COTTON BUYEB8,

Co.,

limited,

of london.

inONTGOinERY,

AE.A.
PaBOHASI OKLT ON 0BOXB8 roB A COHlilUIOII

2,057,776 24
3,202,320 41

and
Net Surplus

Office, Cor.

Pine

<£

WiUiam &»., New Tori.