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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE
VOL.
AND COMMERCIAL INTERESTS OF THE UNITED STATEa
INDUSTIiIiS.L
SATURDAY, AUGUST
41.
CONTENTS.
of deducting double tliese vaiues
New
THE CHRONICLE.
ClearlnK-Honf
rheHn«nrl:>,
Tho
l,iit<\-.t
'?'<turn!i
.tlon
227
I
i!28
|
M.iiifes'atlon of
tlio X'aialleliu«
Mania
Rango
News
Commercial
2,33
and Miaoellaneous
News
THE BANKERS' GAZETTE.
2tl
Money Market, Foreign ExChange, U.8.8o<5unUBH, Bute
and KaJ!ri)ad
„«to k«
»nd
English
Bonds
In Prtce.i at
/
.
and
I
236
j
^37
I
the N, Y,
8took Ezchauce
235
I
QuotatlonsofStooksandBonds 53S
KaKroad EarnlntJB
240
luvostiuent and Railroad Intelligence
210
243 Breadstuffs
244 Dry Goods
248
249
l
I
Offloe,
an increase of 6 '3 per
New York
Now York, N. Y., as second
Terms of Subscription— Payable
class mail matter.]
In
Advance:
7h.
8«.
in two
B.
DASA
same
Is
(-40-3)
(74,284,000)
(-271)
(47,518.000
t61,8«.959
$55,33.3,824
+11-8
3,7«7,700
1,331,717
3,503,300
1.328.181
$64,005,802
4.073.900
1,263,16-
Middle....
Milwaukee
18
ItidljuiapoUs
Cleveland
''olumbas
Paorta
C
Total Western...
iiier
Exchange Building.'!
Co., Publishers,
WILLI.V.n B. OANA tc
7!i & 8t William Street,
Post Office Box
NKW YOUK.
958.
St.
LoDia
St.
Joseph
Mew Orleans
ICuDsaaCntr
CLKA R, I .vv; H0 USB RET URNS.
considerable gain a'
(+!«)
(54,18l),000)
LDHlsrllle
A
-I7-1
(1,560,273)
(189,700)
ToUl
England.
^U|>pliid at is. each.
Tlieoillcenf the CiIiioxiCLiiiu LiverpiMiIis at B 15.
FU>VU.
$497,951,768
(+510)
(35.871,000)
Philadelphia
Plttsburu
6 10
*2
Is
&
U.
-I-28-5
(l,5SO,3<K)
(-(-70-6)
Total N. England
$10 20
funilshod at ."iO cents; postage on the
Volumes boun.l for .subsuribci's at $L 00.
WILLIAM
$137,719,953
<2,311,388l
(+16-8)
*prinRfleld
The offloe of tho Commkrci*!. ani> Fixascial rnRosiit,B in I>ondon
Is with Messrs. l!:i>»-ARi>8
Smith, I Drapers' Gardens, E.
where subsoriinioiis and adMirtisemeuts will be taken at tho regular rates, and
JOHN
1540,399,462
(411,400)
in
Sub.scriiitlons will he continued until definitely ordered to bii stopped.
publi.'iln'rs rnnn.it be resporisiblo lor remittances unless made by
Oralt.s or Post Oilioi' Mon<>v OiiUrs.
inglc copies of the p
IS.
PerCme
188S.
(29,435,000)
The
Offices In
Wttk BtuHnt Auj.
(480,500)
Chkosici.b.
cents.
22.
PtrOmt.
1884.
(51.935.000)
Boston
ProTldenoe.-
*l
gprhese pilci's liieludo the Istestors' Sdppi-bment, isiuimI once
months, and furnished without extra charge to subseribi.rs of the
cover
detailed state-
(Grnin. .Iiutluls)
(PttroUum.Jjblt.)
Worcester
ForOno Year (including postage)
ForSlx Months
do
Annual aubacription In London (including postage)
dii
Six Mi'S.
do
do
till'
Our
(Corton....ha(M.)
LoweU
A neat
cent.
Week Ending August
1885.
.
York every Saturday morning.
Ifev)
exclianges at
follows:
(Stnclc«....«*aTe«.)
'^;hje Cbrauijcle.
The CoMMEacTA.t, and Financial Chronicle is publUhed
Entered at tho Post
tlie liotal
),999,463 this year, againgt $273,-
Sola of—
THE COMMERClAl, TIMES.
Commercial Epitome
Cotton
from
1,053.
a year ago, as the clearinga arising through other
sources, or
ment
rema ns $39
Yorlc, tliere
719,5.'J3
Monetary
Ooiuinorfilal
NO.
29, 1885.
Memphis
New York
(over $43,000,000), and
some improvement at nii>st oc the other cities during the
week, brings the aggrugute clearings for the whole country
Total Bonthern..
SanFtanclsco
Total aU
+TS
(+9-9)
(-25-6)
-rl5'2
tm.Oi.
+8-7
—9-7
—81-7
-10-8
-01
611,154
— 12'1
-9-7
402,:«jS
-13-7
$62,651,292
+10-8
$71,828,69!!
+1*«
-l-ll-O
$42,534,641
—130
8,1)82,322
10,29fl,58I
$41,493,176
7.693,334
11,325.918
-9-1
9,088,145
+4-1
-S-8
—13-3
$63,062,150
$60,512,458
+4-2
$a8,66a,10i(
+01
$43,492,674
7,421,900
2,650,401
3,01»,255
1,424,164
1,868,032
+9-)
+10-1
—10-4
787,872
$39,632,923
7,416,200
2,673,121
2,608,625
1,153,075
1,760,293
1,261,865
851,654
»61.851.899
-H)-6
771.592
643,472
622,369
332,121
857,798
641,105
624,217
367,867
-100
169,312,933
1111,075,939
a,H90,330
612.3);
-|-0'2
-0-8
$43,008,888
7,062,560
2.906,579
-l-io-s
«.864,175
+8-1
-I-23-5
1,575,7111
+860
+8-1
2,053,787
-80
-Wl
—70
+
1-9
1,0S8,73-
— 18"3
-7-8
651,476
-22-1
$57,360,058
+7-8
$61,171,851
+5-6
»14,844,560
600,900
3,706,056
3.5T9.713
$14,268,621
466,910
4-1-0
3,938.243
571,879
8,961,988
441,837
$13,620,665
682.076
3,414,4.^
3,592.008
4,346,04S
4-ai-4
642,.'.«,
—10-8
—3-7
-16-6
+14-8
+2-3
+39-8
$27,239,351
$25,852,446
-t-5-4
$26,297,833
-5-8
9,198.499
$9,344,711
-1-8
$10,1,18.40:'
-10-7
«771.0«2?fl4
$653,440,918
-hI8-0
$7^,881 ,ftM
+6-1
1,160,801
-f28-7
3,82o,3U
-31
2,887,756
-f210
-0-6
up to $771,0G2,'3D4, a total exceeded only once since the third Outside New York $230,66^,832 $215,120,965 +«-9
+3-9
$287,909,887
wesk of January. The exhibit is therefore very satisfacOur telef?raphic returns of exchanges for the five days inditory, as it furnihhes further evideuce of the improvemeut
which is taking jil.ioe in trade circles. In comparison with cate a temporary lull in the improvement which has of late
been so prominent a feature of the returns. At all points
there is some decline from the figures of the precediii2 five
diys, the falliag off being quite heavy at New York, due, of
course, largely to decreased speculation in stocks. In comparison with 1884 there is a gain in the aggregate of 0*8 per
the correspindin!< six days of 18S4 the total exchanges record
an increase of $117,631,370, representing 13 per cent, while
from the same period in 1853 the loss reaches only lO'O pt-r
from 18^3 Ls, however, 30'1 per cent. With
New York ex';ludeJ tho comparison iu aU cases favors tbis
cent.
year, the excess over a year ago being 6 9 per cent, and in the
two preceding years 21 per cent and 1'3 per cent respectively.
Cotton promises a yield this year largely in excess of any previous season, and when the crop begins to be actively moved
New York
au appreciabl addition to the exchanges in ttie cities bene- Sata of Stock «lu.)
...
fitted therutiy i.s to bo expected.
An improvement in the iron Bustoo
Philadelphia
trade at Pittsburg and other points is reported, but it h is not
Baltlmora
been in progress long enough as yet to have any appreciable (JhlCHKO
Bt. I.ouis
effect upon bank clearings.
New Orleans
Speculation continued active during the week under review,
Total
the week's transnctions on the New York Stock Exohange Balance,
Country*
cent; the decre .se
I
Five Dav$ Endint Aug. 88.
1885.
Per
1884.
Cent.
-1-6
(-391)
1886.
Percent
$453,213,737
+22*S
(l,8t6.6«8i
{+a7-a>
$37.1,<'88.623
$379,921,451
(L032.:73l
(1,728,677)
n,280.053
39 423
t0,iljl.fl01
SO.654,847
-00
7,U98.154
8,772.206
— 16-8
a3,n: 2.000
+ 15-9
-0-7
-«-5
IS.3»'.atJ
8,l,69.(!33
29.004.000
11,824,820
3,176,166
$002,818,128
42.001,553
$502,337,361
41,534,886
+0-1
+1-1
$607,180,791
44.488.07S
+18-8
»«.11.518.«U1
+16-4
tlwl.-<.-».l29
~ 44S
11,246,064
>^69
-l-0*M
covering 2,311, .583 shares, against 1,530,905 shares for the same
$513,872.22?
Total all
#544,817.681
+0«
period last year, and representing respectively a market value Out«ide New V.rk il7f. '<»»>' •ina.BB0.7:3 ~+4-4~
Of 1104,700,000. and $83,000,000. Pursuing our usual method
•
btimatad on the basia ol the last weeUj retarns.
I
i tryt BiuVt Aug. 81.
61.237,0:H)
M,095,(>3»
8,»78.V61
87,060.01
S.li(',837
'
+6'4
-UK
—6*4
+B-8
-98
—3*
THE CHRONICLE.
228
[Vol.
XLI
engineer a corner in th at grain regardless of the stocks
THE FINANCIAL SITUATION.
The money market has on
easier
this
That
week.
is
the
in
surface ruled a
to say,
trifle
balances
bankers'
have rarely loaned at 2 per cent, and the bulk of the busiThis, however, is
ness has been done at 1^ per cent.
probably due wholly to less trade in stocks among those
who are in need of daily borrowing, and is no indication
of the real drift of money which is in the direction of a
better inquiry.
That
bank loans and
in the
evident in the weekly increasing
is
sight, is
one
we
shall
outgrow sometime. This is th&
that we have kept our
third occasion within four years
crop
when we might have
only to
sell it
realized
at a less figure
a good price for
The
later on.
it,
decline ap-
pears to have had no effect on business at "Western trade
centres as yet.
One reason is, perhaps, that the most of
the old
surplus
having got rid of
in
is
it
the hands of speculators, farmers
at a fair price.
there
Still,
crop of spring wheat to come forward.
is
a large
Our dry goods
demand which has now set in from market continues to send out good reports.
The former very numerous from the South and seem
the Southern cities and also from Chicago.
Buyers are
to be taking
goods quite liberally. It is to be remembered in this conkeep margins nection, that that section has had two very poor crops of
good on grain, the price of which has been so steadily cotton, and hence for two years the people have been economizing greatly in their purchases.
full crop of that staple
falling of late.
In London the cable reports fractionally higher rates now, with all their food crops good too, places them in a
of course is
inquiry
is
crop purposes, but the Chicago
for cotton
stated to be chiefly for
money
to
A
three months'
for discounts of 60-day to
bills,
the latest
position
to
satisfy their needs,
which are much greater
than usual, because of past economies.
Eeports of improv1|@1^
our foreign exchange market has been lower, and dull ing business prospects are not confined to the dry goods
and weak at the decline. The truth is, there are so many districts. As we said last week, the improved feeling is ex-
quotation being
per cent.
and such a variety of
for
now
bills
actual cotton
as
well
offering, that the
more than
remittance has been
pressure has forced rates
Notwithstanding
down.
as
against
satisfied
this
demand tending
and
the
;
not for several years before has the
demand so
nearly absorbed the production of most manufactures
as
drawn against now. It is to be hoped, however, that this will not enprospective movements courage the overloading of the market with goods again,
No policy
But, in addition, there as was done the first six months of last season.
Drafts
have been the feature.
were on the market breadstufis and miscellaneous bills could be less wise.
A little temporary set-back to the increasing good feeland some also drawn against the remnant of the Canadian
loan negotiated a short time since, with the expectation ing was occasioned this week by the announcement that
the Pennsylvania State Government was to take steps to
that other bills of that character will also soon be drawn
Besides,
as
cotton
is
now being gathered in a prevent the consummation of the settlement between the
Pennsylvania and South Pennsylvania railroads.
In fact,
large section, and as the demand for consumption
of cotton
as
well
as
the
a bill has now been filed for that purpose, and Attorneyvolume General Cassidy is reported to have said in explanation:
breadstufis will have a "I propose to have the question finally determined whether
demand,
speculative
is
quite
urgent,
drafts against that staple are likely to increase in
rapidly, while the
lower prices of
"a great railroad
tendency to swell the exports of wheat, &c. Altogether,
therefore, a further decline in rates seems inevitable, and
is
simply a private corporation or an
"institution for the public good."
That
is
certainly a very
something now unforeseen
It seems according to it that the
does not occur a close remarkable statement!
approximation to the gold-importing point must soon be Attorney-General is to go to law to settle a question that
Still, as the approach to that point will influence any Pennsylvania boy could answer without the fuss and
reached.
if
London, and as our silver policy is a discrimination notoriety of a lawsuit. Why, bless your dear soul, it is
obviously both private property and a public good; and
it is by no means certain that we shall
receive large amounts of that metal during the fall if one corporation more than any other in the whole country has proved that its existence is a public good, it is the
months.
Fears were felt during the week respecting the maturing Pennsylvania Eailroad. But we fail to see how that point
There are, first
grain crops, because of the rapid and decided fall in can in any event be raised in this case.
money
at
against gold,
temperature since Monday.
The cold wave swept from
of
the extreme Northwest across the continent, and caused
severe frosts at certain points.
But so far as reported,
all,
certain
preliminary considerations, lost sight
apparently, in instituting these legal proceedings.
of,
Every
one remembers the old saying that it is always better for
damage has been confined to fruit, late young wheat one to catch his hare before he cooks it. In this case
and grain in stock; and nowhere is it believed to have must not a parallel road in esse antedate an injunction?
been more than local. The frost did not visit the com How can a court enjoin what does not exist? Or by what
regions to any extent
even if it had, it is very doubtful process known to law or nature can a road be developed
whether it was severe enough to have done it any harm in or constructed out of an agreement to build one?
its present state.
Hence the agricultural situation seems
But passing these, to our mind, controlling inquiries, let
the
;
Some complaints, us suppose that the court gets down to the merits of thehave reached us from the South, respecting case; in that event the only issue raised by the Attorney
cotton, the past two weeks
but they are conspicuous in General,
as
so far
we can discover, is whether
being nearly the first of the season. Under such circum- another demoralizing railroad contest shall be carto have undergone no material change.
to
be
sure,
;
stances
one cannot give them very much importance,
unless the rains are greatly prolonged.
ried -on in
But dry weather and
a neighboring
New York
State
like
the
West Shore
Central contest, which has just been con-
would be very beneficial to the cotton crop now, except in cluded here, or whether the two Pennsylvania roads shall
special and limited districts where they still complain of exist and be operated under the laws of that State in a
drought.
way which will preserve the investment made, yet serve
We have very little that is new to report with regard to the inhabitants of the district opened by each. It is
the business situation.
The decline in wheat has certainly altogether too late to talk about a railroad being a
strained speculators, who have been trying to carry our monopoly.
That was an issue a few years ago, when wo
large surplus at prices Europe^was not willing to pay for used to quote the rapid voluntary decline in rates for
The folly of believing we can, whenever we will, freight and passengers to prove the negative. But now,
it
'
AUOURT
THE CHRONICLR
30, 1886.]
all the Slates have assumed the control of the
roads and of their charges, the danger from any such
as nearly
cause,
if it
Look
West Shore bonds were
•weeks ago
York
A
other side of this question.
soiling
at
29,
few
from
if any one had attempted
amount of either, there is no
should
this
New money
Central stock at 84, and
to market any considerable
telling what price it would
was the demoralization and
both here and in Europe in
enough
the
for
Atlorney-Oeneral to creep
through.
And
ever existed, has certainly passed.
also at the
big
hole
229
not investors everywhere set their faces
time forth against
to ^waste
destructive of
We have no
parallel roads?
such enterprises; besides, they are
capital already invested and of rights
in
secured by stockholders in possession,
who
are morally
what their years of labor have gained.
so great the loss of confidence As a correspondent well says, a railroad cannot, like an
our railroad property by this individual, pack up and leave when another deliberately
It has no
very contest, that almost all Stock Exchange quotations were sets out to destroy and take its business.
merely nominal, and a basis for loans was so difficult that recourse except to stay and fight it out, desperately and
most stock
were widely rejected.
collaterals
this unsettled condition of the
fact,
such
Furthermore,
immense amount
invested in railroads imparted a sense of
property, was one chief
In
have brought.
of capital
insecurity to
all
the prevailing distrust,
cause of
and even mercantile business was depressed by it. A
country's internal commerce cannot be prosperous with
one large branch thus in distress every part will feel
the strain.
It is not so very unlike the cat owned by the
two children when one pinches the tail of its half the
But at length a
other child's half is sure to meouw.
settlement of the affair was made since that event the advance and stability in the price of the two properties most
;
—
;
directly interested
is
that comparatively
Katner note
how
so small a part of the benefit accruing,
it
is
of
all capital
no moment
in this
discussion.
held in honest railroad invest-
ments has suddenly become convertible how the money
Europe has once again begun to flow this way
how hopefulness has everywhere taken the place
of despondency how all trade has received an impulse
and how even the iron trade of Pennsylvania has at
length begun perceptibly to feel it. And yet Mr. Attor;
of
;
;
ney-General Cassidy would remand us back to the state our
business interests were in a few weeks
ago, in order that
he may have the courts determine the remarkable question
whether " a great railroad is simply a private corporation
"or an institution for the public good."
While upon this subject as it sheds
—
light
upon
it
—
let
entitled to enjoy
New York Central has done, and
community should be with them in
bitterly if necessary, as the
the moral support of the
defending themselves against this species of robbery. In
a subsequent column we have criticised the latest announce-
ment
of such an enterprise in prospect.
If all
posals with regard to railroad extensions in tbe
the pro-
Northwest
are carried out, pandemonium will be a peaceful region
compared with it, a few years hence.
The stock market has been irregular all the week, with
however a strong undertone. At times prices seemed to
be quite unsettled and lower under frequent and persistent raids;
but the recovery in general has been prompt
was removed. It should, however,
as soon as the pressure
which has been so constant for
the time being been checked.
This is no surprise, and no sign of any change in feeling or
conditions.
It is rather a healthful movement, the influences which have
been acting to improve prices
having spent their force. There have also been some
occurrences during the week which have been adverse to
prices.
The developments as to new lines in the Northwest, referred to above, had a disturbing effect of a similar
tendency also was the decline in wheat, the rumors of
frost, the bringing of the action by the Attorney -General
of Pennsylvania to prevent the settlement of the South
Pennsylvania matter, and some of the reports of railroad
earnings recently made public.
On the other hand a
favorable fact was the announcement of Messrs. Drexel,
be said that the advance
several weeks past, has for
;
much the
same thing before, with reference to the questions now so Morgan & Co., that over $47,500,000 of the West Shore
frequently suggested why was the West Shore war so bonds had been deposited with them by holders who
virulent ? why was it not sooner settled ? and why should had assented to the plan; this at once settled all the
us say a single word, although
we have
said
—
it have existed at all ?
The answer to them all is the questions which have been raised as to the progress of
same the situation, not individuals, controlled the event, the movement, and showed what a brilliant success the
for there was no way of ending the contest except by a affair has proved.
The next day came also the stateunion of the two or the destruction of one. To appreciate ment that a controlling interest in the preferred stock
that, it is only necessary to recall how they are related to of the New York Ontario & Western had been sold
each other side by side so close that not a foot of coun- to the same firm, and thus the negotiations begun about
try was developed from Albany to Buffalo by the new- a month ago were completed.
comer and very little from Albany to New York. FurLouisvil'e db Nashville, in advance of its regular annual
thermore, the Central had the advantage of situation in report, has issued a pretty full preliminary statement,
every city along the route, and in New York such terminal which in the results it discloses must be considered quite
facilities that with equal rates the West Shore would satisfactory to holders of the property.
We need not
scarcely have received one dollar out of every thousand of repeat the figures given in our investment column on
the business offering.
There was, therefore, no hope for another page, but may say that both as regards the year's
the latter company except in cutting, and it had not the traffic operations and the adjustment of the company's
Central's endurance for that work, so being worse than use- finances the showing is in many respects very encouraging.
less in an independent condition, it has been absorbed. As our readers all know by this time, the increase ($226,The South Pennsylvania is not a like case in every 781) shown in the net earnings for the yjear, is wholly
particular, but it is sufficiently so to have made its inde- the result of the greater economy with which the road
—
—
pendent existence a source of irritation without afford.
ing any corresponding benefit.
has been operated, gross
earnings having actually declined
Hence the business public $414,746. In partial offset to the increase in the net, the
wiU be glad to know that it, too, has been absorbed, and company received only $198,592 as income from investwe will add that no one need think that there is any doubt ments, against $272,834 so received in the previous year, a
as to the final result.
If the legal difficulties suggested falling off which is no doubt almost wholly due to the
above are not a sufficient answer to the action of the non- receipt of any dividend upon the Nashville ChattaState, every one may rest assured that those who have nooga k St. Louis stock held, which stock paid two per
conducted the affair are far too clever to have left a cent in 1883-4. The total net Income of the company
THE CHRONICLE.
230
therefore was only $152,538 greater than in the previous
year, or $5,952,683 in
Out
amount.
this there
of
were
paid the ordinary charges for interest, rentals, taxes, &c.,
If
of $4,595,793, which left a balance of $1,356,890.
had been available
this balance
it
would have represented
a dividend of over 4 per cent on the company's stock of
30 millions.
But, as in previous years, sinking fund
and advances to connecting roads, consumed the whole amount. Thus the payments on account of the company's own sinking funds
called for $267,740, and on accountof construction $154,810 more, while the advances to branch and connecting
roads for the same two purposes and to make up deficiencies in operating, were $667,252, besides which $304,658 was applied in reduction of the principal of the car
trusts, leaving a small deficiency ($37,570) beyond the
balance of net income which the company had at its
command.
Most striking, however, is the progress which the company has made in getting out of the financial difficulties in
which it was involved a year ago. Frequent changes of
executive heads, with questionable practices on the part
of some of them, had left the company in bad credit and
poor repute, while at the same time it was carrying a large
and burdensome floating debt. Now all this is changed.
charges, construction expenses,
[Vol. XLI.
either at 85 or 66,
low as the
Now
ket.
though even as late as May sales as
were made in the Nevi York mar-
latter figure
the price
88@90.
is
Pennsylvania Railroad Company's returns of earnings
do not show any signs of improvement. On the contrary,
taking the Eastern and the Western lines together the ex-
month of July, issued this week, is worse
than that of any other month this year, with the single
exception of that for April.
There has been some reduchibit for the
tion in expenses,
but nothing compared
gross receipts, so
we
is
to the decline in
on the Eastern system there
find that
a loss of $231,067 ia the net earnings for the month
compared with last year), and in addition to this the
Western system, instead of netting a surplus of $51,695
(as
above the charges, as in July, 1884. ii"v returns a deficiency of $127,637
a difference of $179,332, which,
added to the loss on the Elastern lines, makes the total
—
on the entire system $410,399.
Such a result it must be admitted is disappointing, the^
more so that a much better showing had been expected.
Not only had the June return distinctly encouraged that
loss
but the raising of east-bound freight rates also
tended to create the same impression. It will be remembered that rates were advanced to a 15-ccnt basis on the
idea,
Ist of July, and to a 20 -cent basis on the 13th of the
no more than 81,783,656, same month. Yet we find that in spite of that fact the
while on June 30, 1884, it had been $5,346,112, and Western lines, which should be the first to feel the effects
against these If millions of liabilities the company has of the change, have for that month the largest compara$2,176,201 of cash and accounts and bills receivable, so tive loss of the year. The explanation, however, is not
far to seek.
that practically there is no floating debt at all.
These lines run through tlie district where
The manner in which this great improvement was the wheat ccpp this year has been a disastrous failure,
brought about does not ofier'so much room for congratula- while last year it was very good indeed, and though
tion, but in the weakened credit in which the company directly this has been an influence only so far as it has
found itself no other course seems to have been open reduced the movement of that cereal in which particuto it.
We find on examination of the balance sheet that lar it could have been an active factor only in the
instead of a credit to profit and loss account of latter part of the month yet indirectly the adverse
$2,067,563, as in 1884, there is now a debit to that effects in reducing the volume of other kinds of traffic
account in amount of $2,479,344 that is, instead of have been no less marked, for as a result of the poor harproperty and assets exceeding liabilities in the former vest the agricultural classes in that tection would of
amount, the liabilities are now in excess in the latter necessity have to restrict their purchases of goods and
amount. The difference is over 4^ million dollars, and materials, in which particular the shortage has been an
gives an idea of the sacrifices that had to be made in order active factor all through the month.
The actual showing
to rehabilitate the finances of the concern. Of course it is now made by the Pennsylvania should teach us to mode
a well known fact that the securities which the company rate our expectations somewhat, and not discount too
sold to liquidate its floating debt, were disposed of at a furiously possible future improvement.
Harmony and
heavy discount, but the report now submitted enables us restored rates are undoubtedly a very hopeful feature in
to see just what they did realize.
The principal items are the situation, but evidently they are not everything. The
the five millions stock and the five millions 10-40 adjust- following are the Pennsylvania's figures for several years
ment bonds issued. The former, after deducting the dis- past.
The
total of current liabilities is
—
—
—
count, stands credited in the report with only $1,075,336
—
that
is,
$21^ per share
ment bonds
—while the
five
realized only $2,807,108, or
millions adjust-
56 per cent
;
liiN'KS
East of
1885.
1883.
1384.
Julu-
«
t
t
brought only .'53,882,444
dollars,
pany's books the
amount
why
the
and
profit
change.
and as on the com-
loss
We
it
account has undergone such a
notice
that only
$3,000,000
been
dicate.
The
given
as
bonds are outstanding, $2,000,000
bought back probably from the syn-
—
cost
of this purchase
^1, 700,000,
which
but against this cost there
of
two millions
^ould be
a
credit
85
it .represents
we
to
per cent,
profit
are not quite able to understand),
making
the cost apparently $1,327,500, or a little over 66 per cent
^against the 56 per cent which the bonds originally
—
yielded.
value,
Aa
the bonds bear 6 per cent on their full par
the purchase was
doubtless a good
I
8,6S6,105
2,525,050
Net earnlnKS...
Western lines
1,160,049. 1,891,116
1,41<2.734'
— 12".0,7|
-(-12I,U7aj 4-3lU.5'n; f33J,0l<7l H 31t),82»
Kesnlt
3.9Sfl.085; 4,130.950,
2,597,969
-fDl,0ii5
2,838,216' 2.502,057
1,647,098
1,X02,506
1,490,971
1,7-^,078
1.619334
Jan, 1 to JuJi/ 31.
8,'),004,868 27,8a2,334'28,483.520'2«.7fl9,0fl7 2r.,XS4,e57
Gross earnings
Operat'g expenses. 17,324,790 17,818,(l7H|lH.471,989il6.9cl2,783 l'l,H48,l-W
2'',.=8,<!,715
1,032,41-,;
Net eiirnlnKS...
Western lines
BMOlt
7,«;9.908
—101.1,645
e.6A6,2fl3
1,442,811
<J,
1,614,706
03,358,10,0)1,560
—713,160! -(-337.6461
1,960,600
'.3,486,801
9,837,215 10,4W<,1!.'5
0,396.914
-|-355.O;l0'-hl75.S,871
i-I657,»3»
8,790,198 t0.34g,20A:iO,18.',2^l3l2,246,9iHjlU,054,8SO-
is
and
account of $372,500 (which as we do not know what
is
t
(
»
4,H9,100 3,780,418 3,449,844
2,2^,447 2,147,139
Gross earninKS
OpenttV expenses.
will be clear
the adjustment
having
loss
net,
stand charged with the full
of the 10 millions securities issued,
decided
of
liabilities
1880.
I
I
other words, the two lots together, representing 10 million
1»81.
18.S2.
PlTTSUlUlO.
in
investment
Here we see that both in July and the seven months
ended with July, the net income of the combined .system
is smaller than in any other year since IS 70, and as compared with the best year that the system has had in the
about one
half.
$1,966,660,
now
interval, the present net is only
July, 1882, the total
,'ifl,p32,412,
it
was
in
net was
or $934,248
less.
1881 $12,246,996, and
And
now
Thus
it
for the seven
is
is
in:
only
months
only $6,600,263,
AUGUST
THE CHRONICLE.
29, 1885.1
Even
decrease of $5,580,733.
decrease
as
compared with 1881 the
$2,123,935.
is
In the Investoiw' Srrn.EMENT, which accompanies the
TEE LATEST MANIFESTATION
PARALLELING MANIA.
While
Chronk'i.k to-day, will be found a timely article on low.
priced stocks and
In
bonds.
the
comments upon the
231
OF THE
managers elsewhere are diligently
railroad
cul-
tivating the arts of peace, in the Northwest those operat-
extreme liuctuations between 1877-8 and 1881-2 a few ing our great roads, though apparently no lew peaceful in
stocks were selected as examples and in mentioninjj the disposition, seem to be deliberately soxdng the seeds of
highest for Philadelphia & Reading the New York price war, and in a manner too calculated to excite apprehensions as to the future, unless the Movement is arrested.
was accidentally taken instead of the Philadelphia price
One would think that with the experience of the Eistern
tlie lowest price for Reading in Philadelphia was GJ
showing the evil effects of the conin July, 1830, and the higiiest 37j in October, 1881, or lines before them
struction of unnecessary and redundant mileage
the
turned into the New York equivalents 13^ and 74^.
The following statement, made up from returns Western roads would learn a lesson of value to them in
by us, exhibits
the
receipts
•collected
and ship- their own field. But no, they act as if they had nothing
ments of gold and currency by the New York banks dur- to fear from a repetition of the process. With the idea
thus
—
—
way
of protecting thoir interests (according to their
ing the week.
of re-
garding those interests) they are providing for the conNet Interior
ITmIe ending August SS, 1883.
N. r. Bonfcj.'X r. Banka.
Currency..
$335,000
100,000
Gain..
1m3.'5.0()0
Oain..
t»ll.000
«0M
Total Kold and le«1 tan4ank.
The above shows the
t04 1.000
struction of a great deal of
Molte)nent.
lOPO.OOO
LOM.
xoo.ooo
woa.ooo
bank
actual changes in the
much
mileage,
of which
ditional territory.
hold-
movement to and
movement the banks
new
not only wholly unnecessary but has no justification or
excuse except in a desire to spread out and occupy adis
It is quite
noteworthy, too, that the most conspicuous
ings of gold and currency caused by this
offender in this regard
from the interior. In addition to that
have lost $2,500,000 through the operations of the SubTreasury.
Adding that item to the above, we have the following, which should indicate the total loss to the New
York Clearing House banks of gold and currency for
the week covered by the bank statement to be issued
have heretofore been distinguished for conservative action
and prudent administration. We refer to the recent de-
to-day.
Wetk
Auoust
Banks* Interior Morement. ai above
BolHTreasury operations
Total
(fold
and
le*r:il
Net Change in
Bank Hnldings.
Into Amies. [Out of Santa.
28, 1835.
tenders.
tgi 1,000
$435,000
4.D0O.0OO
7.000,000
Gain.
Loss.
»5.441.0fK)
t50
1,000
2,500,00(1
a corporation whose managers
announcement of the determination of the Chicago
& Quincy to encourage the construction of a
new road from points in Northern Illinois up the Missisfinite
Burlington
way
sippi all the
was
to St. Paul.
Rumors hinting
that such a
had long been current, but received no credence, since scarcely any one could believe the
Burlington managers capable of so unwise an act. The
official circular, removing all doubt about the matter, has
naturally caused much surprise therefore, and it is not
project
eiuUiifl
is
in contemplation
tl.084,000
singular that the other roads already occupying that field
The Bank
England return for the week shows a
a decrease of £091,305 bullion. This represents a net
amount of £422,000 sent abroad and £269,305 sent to the
interior.
There was one shipment of £547,000 on the
25th, which was probably sent to Egypt.
The Bank of
France gained 4,300,000 francs gold and 3,683,000 francs
silver, and the Bank of Germany, since the last reporf,
shows an increase of 1,100,000 marks.
The following
indicates the amount of bullion in the principal European banks this week and at the corresponding date
of
last year.
should clearly show their displeasure at the course pursued,
express solicitude as to the
iation.
The Milwaukee &
Gold.
August 2d, 1884.
Silver.
Gold.
Silver.
S
Bank of England
Bank of France
B»uk of Oenuauy
Total this week
total previous week
ai.wQs.ois
23, -181,239
46,8^6,830,44,066.4561 42,336,664 41,058.996
7.454.700 2a,364.100 7,492,250 22,476,750
79.0S4.518, 66,430,556 73,310,153 63,533,746
80,-277,210GG.317,026 73,196,874 63,018,248
j
.
The Assay Office paid $153,929 through the Sub-Treasury
daring the week for domestic bullion, and the Assistant Treasurer received the
following from
the
House.
Paul people particularly
seem to have been provoked thereby, and they have been
very outspoken in condemnation of the project. The
fruit of this feeling
this
to
week, that the
Kansas
City,
of roads to
seen in the intelligence received
is
St.
Paul company
is
laying out a line
with the intention of extending
that
its
The papers have been
city.
telegraphic correspondence on the subject, but
appear that any
August 27, 1885.
outcome, and threaten retalSt.
conclusion has been
official
—only an engineering corps
to
point of the
St.
line
full
la. (the
of
does not
arrived at
has been placed in the
survey a route from Ottumwa,
Should the
it
system
field
southernmost
Paul system), to the centre in question.
become a
fact,
however, what the con-
sequences would bo can be judged from the remarks that
accompanied
the
rumored extension, saying that the
Northwest would then be the only one among the roads
running west from Chicago without an outlet to Kansas
City, and that consequently that company would undoubt-
Custom edly follow suit and likewise build a line to that
More clearly within the realm of established
point.
facts
than
Kansas City extension is the project of a new road
between Schlesingerville in Southern Wisconsin and Chicago and possibly Milwaukee. On this road according to rethis
Oonsistiiig
Dale.
Duties.
(Md.
Aug.21
'
«
22.
24.
25.
-'
20
"
27.
"
Total
$.i41,901 10
29.^,830 33
4!<3,205 77
761,601 15
501,6118 11
568,927 33
*n,154,U:3 7^:
of—
U.S.
eold
Silver Ver-
Kotes.
Oerli/tc's.
iiflcates.
$14',,<!0<>
f 33 1, 000
116,000
214.000
245,000
220.000
230.000
150.000
206,000
452,000
$6l,0fW
31,000
SS.uOii
75.0<«i
303.0<M)
44,00^
31,000
$16.000:jl,160 000 $1,676,000
$303,000
234,00(1
Included in the above payments for the week were $11,500
in silver dollars, making the amount of this coin paid into
the Custom House since August Ist $30,500.
port a large force of
men
is
already at work.
It constitutes
Wisconsin Central to
Chicago.
It will be remembered that the Wisconsin
Central early in the year opened a line into St. Pan!
(from Chippewa Palls), and the idea of the managers was
the long-talked-of extension of the
would at once be recognized as an important
through route between Chicago and St. Paul, which indeed
that the road
had been the object of extending into the
latter city,
but
they found great difliculty in effecting satisfactory arrange-
THE CHRONICLE
232
ments with the Milwaukee
into, and terminal facilities
&
[Vol.
XL
—
Paul for an entrance count that is, in the contingency which the construction
Chicago (the "Wisconsin of the new line will not improbably give rise to, whether
Central itself extending only to Schlesingerville), so having the traffic is likely to return any profit.
And even if it
gone to the expense of building into St. Paul at the upper be clearly demonstrated that the traffic will prove lucrative,
St.
at,
end of the system, they are forced now to build also into it is yet a question whether the collateral harm done will
Chicago at the lower end, providing substantially for an not offset, and more than offset, all possible advantages to
entirely
new
route
The experience
the way.
all
"Wisconsin Central people in this respect
is
of the
only another
confirmation of the idea that the taking of one step in the
be derived from the same. If increased strife is to be engendered as a result, leading to a general reduction of
rates and profits on all kinds of traflSc and on all branches
—
the taking of of the system
and in such a complicated network of
Contemporaneous with roads as exists in the Northwest, trouble or contention in
the building of the "Wisconsin Central line, we have the one part quickly extends to all parts in that event ceropening of another line into St. Paul through the com- tainly a policy of expansion is not to be entered upon
Minnesota &
pletion of the
Northwestern, recently without the weightiest of reasons and the strongest of
This Minnesota & Northwestern extends supporting circumstances.
announced.
south from St. Paul to Lyle, at the southern boundary of
Now in building this St. Paul line the Burlington &
Minnesota, where it connects with the Iowa lines of the Quincy, in the first place, is clearly going outside of its
Illinois Central, forming in that way a second new route own territory to invade a new field.
It has very little inbetween St. Paul and Chicago, which can be made an active terest as far north as St. Paul in fact even in Iowa its
factor in the situation at any moment.
Furthermore, to operations are confined principally to the southern part of
process of railroad extension also involves
others not at
contemplated.
first
—
—
shorten this
latter
route,
the
Dubuque & Northwestern,
providing for a more direct link between Dubuque and Lyle,
is
There has been talk too
being pushed.
this
week
of ex-
tending the Central Iowa north to meet the Minnesota
&
Northwestern at Lyle. And, as if this were not enough, we
see in the Boston Transcript of Thursday the statement
that $500,000 has been subscribed towards building the
Chicago Freeport & St. Paul, which the Transcript informs
us
a project for
is
It
is
with
all
wholly or partly
the
field
with
its
another parallel^line to
still
most of them
that the Burlington & Quincy enters
built,
project of a line to St. Paul, calling for the
construction of 360 miles of
18 million dollars
bonds.
If
St. Paul.
these lines, projected and
new
road, to be capitalized at
—nine millions stock and
there were no other objection
ture of this large
sum
of
money
in
the
nine millions
to the expendi-
way
proposed,
the fact that already two additional lines have entered the
field
(making
trafiic
five
competitors for the St. Paul-Chicago
instead of three as formerly) would be sufiicient to
condemn
But note
It has large interests south of Iowa, and furbeyond that State, in Nebraska, &c., but as regards Minnesota and "Wisconsin not a mile of its road
is
located in those States, and it has only a very
general interest there such as any road occupying
Thus the step
contiguous territory
would have.
taken is not a measure of self-protection forced upon the
company. If it were such a measure, the promptings of
self-interest would necessarily have to be regarded as
supreme, no matter what the ulterior consequences to
But in this instance the only
other systems might be.
the State.
ther west,
—
new road
given for undertaking the
reason
is
that the
Burlington hopes thereby to get a share of the rich
of St. Paul
object
and the
Burlington
moderately into
St.
district
officials
beyond.
To further
have,
is
it
Paul Minneapolis
return the owners of the latter have
into the
Burlington.
close interchange of
&
reported,
trafiSc
aid that
bought
Manitoba, ani in
bought moderately
The outcome we are told is to be a
traffic between the two systems, by
what the scheme is. The pros- which the St. Paul & Manitoba is to turn all, or nearly all,
pectus says the line is to run from Oregon and Fulton to its business over to the new Burlington, instead of disSavanna " thence up the east bank of the Mississippi River tributing it among the different lines centering at St" to St. Paul."
Examine, for a moment, a map of that Paul. Of course the lines which are thus to be debarred,
section of the country
(the map of the St. Paul system in will look complacently on and let the Burlington take the
the Investors' Supplement that accompanies the present business without an effort to prevent it a beautiful
issue of the Chronicle will do for that purpose)
and theory this, but unfortunately it is not sustained by
observe how the St. Paul road hugs the west bank of the experience.
In point of fact, what is likely to happen in
Mississippi from the same point (Savanna) to St. Paul. such a contingency is just the reverse of this.
Did not
That is, for three hundred miles or more the Milwaukee & the Burlington itself (in its struggle with the Union
St. Paul and the Burlington & Quincy are to face each Pacific) make a desperate and a successful fight on much the
other on different banks of the river.
In a word, we have same issue ? "What the lines shut off would do is simply
here in its essential features another "West Shore enter- this, they would seek to secure the traffic in dispute before
prise, only that the Father of Waters instead of the Hud- even the Manitoba could get hold of it.
In a word, the
son is to be the field of action. Not only is through busi- competition would extend all along the line of the Maniness sure to he affected by the introduction of the new toba.
The St. Paul and Northwestern are already pressing
rival, but local business as well the entire distance. In this the Manitoba in different parts of its territory, and we
light, who will venture to approve the sceme ?
Yet we are can easily see how its favoring one Chicago line exclusively
told that the Burlington & Quincy directors supported the might dispose them to assume a still more aggressive
project with practical unanimity.
The Burlington & attitude. To this end the Fargo Southern would prove
Quincy has enjoyed such a long career of prosperity that an excellent aid to the St. Paul, and the Rock Island we
possibly the management have allowed themselves to be may rest assured would not fail to use its Minneapolis &
influenced by that fact rather than by the merits (or lack St. Louis and Burlington Cedar Rapids & Northern lines
it.
just
—
—
—
of merits) of the
new
enterprise.
to
advantage in the same endeavor.
But supposing the Burlington & Quincy seeks merely
"We are aware that the extension is sought to be justified
on the ground that it is part of a policy to secure for the
to get
Burlington
St. Paul,
an equal share with other lines of the traffic at
what then ? Admit, for the sake of argument,
mendable object, but in this case how does it stand the that these lines would yield it this share without a strugtest of reason.
Surely it is a matter of some importance gle, the Burlington would even then be only one among six
to know whether the trafiBc is worth having mi its own ac- lines contending for the traflBc.
"We all of us remember
additional
traffic
—in
general a very com-
August
THE CHRONICLE.
20, 18S6.J
what followed the opening of the Rock Island route to St.
few years ago, and a peaceable outcome, with three
new additional rivals, is by no means assured.
But
I'aul a
waiving
that,
clear that with
it is
the margin of profit,
field
The
very low point.
Chicago during
if it
matter
may
get at St. Paul,
competitors in the
be maintained, will fall to a
trunk lines east of
history of the
late years, is
No
six
how much
sufficient
traffic
evidence
the Burlington
Quincy
at through
have to carry it
rates, which at best cannot be very remunerative.
There is
therefore no sufficient or reasonable inducement in that
for the building of a
Turning
it
will
new
which the new
line
may
Being on the opposite bank of the
the same.
from that of the
river
sit
much
is
St.
tXOBASBS AT LONDOK-Aug
On-
nm«.
Paul, the
.
other,
and as both
both
run
latter is not likely to
rates independent
will seek to get all of the traffic,
the same
to
make
terminal
of
the
•'
2053
•*
«i
20-63
12-65 'OiimiH
12 66 ®12-«7^|
25-43!*i»25-48^
'..
Finally, irrespective of
all
these consid-
and whatever we may think of the prospects of
the new road itself, the fact remains that the most that
the Burlington & Quincy could expect from the extension
is, that it would increase the traffic over a small section of
its main line
from Fulton to Chicago, less than 150 mileserations,
—
And
rates
for
this
paltry haul of
—the building of
—
150 miles
at
low through
360 miles of new road, and the
issue of 18 millions of stock
Surely, in such a case
and bonds,
the prospect
commensurate with the
(1
is
to be hazardedi
of gain
is
MX0MAn9M on LOHDOH.
LattH
Dot*.
Aug.
Aug.
Madrid
451t'<«4r)''a
"
45%«457a
t*
eiisiassiisia
t*
.
Hon«! Kong.
Sbanglial....
it
D'm'nrt
•*
is. 7d.
1§. 7d.
60 days
....
....
SaU.
Blunt.
12M
9 mos.
Short.
20-36
Auk.
All(f.
20-38>a
20'34
AUff.
A(ig.
12&»
Aug.
Aug.
2V25
2.SI»i«»237,„
Potereb'K
Checks. 25-18%i»25-23!|(; Aijg.
PariB
Paris
.3 nioe. 25-a6'4®25-42Hi Aug.
'•
25-60 »2.'SGJ
Aug.
Oenna
,.
Cadiz
Lisbon
Alexandria
CouBtant'ple
TifiM.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
2311,,
Cheeks.
2520
Short.
3 nios.
tel.tsts
<«
80 day*
4mo8.
Is.
ezsaad.
u. e^d.
4-65 ifl
38. 7^a.
4a. llifld.
and as
—Chicago—the
point
result will be that neither will be able to secure a high rate
on the business.
»20-57
020-58
»20-58
Vlnnntt
Tilisto
by while the Burlington line is draining the Bombay
Oalcutta
of business.
The two roads will be too close Now York...
together for the one to
3 nioa. 20-53
Iriviikfort...
quietly
district
Sou.
3moa. I23I9 •12-4
Sight. 12-111 •12-2^
AmRtni-dam
Amstnrdaiu
HniiiburK-.
Berlin
14
St.
be
able to gather up and deliver to the Burlington, the situation
BATES OF EXCHANOE AT LONDON AND ON LONDON
AT LATEST DATES.
Anlwi-n>
road.
to the local traffic
||K0ttctavtjs®ommcrctal^uflItsTx i;.cw8
of this.
&
233
not at
all
risks assumed.
Concluding, then, we may say that in whatever way we
look at the matter, the building of the new line is not to
be commended, but to be condemned, and very strongly
condemned. It is another West Shore rival in the most
aggravated form. Public necessity does not call for it,
own oorTeRPondent.J
London. Saturday, August 15, 1885.
Neither the commercial nor the financial position can be
said to have appreciably varied during the week. Naturally
business operations suffer at this season of the year from the
holidays, and the present is no exception to the rule. The
labors of the Royal Commission on Trade will be watched
with interest, netwithstanding that some of the best known
authorities on commercial affairs on the Liberal benches have
refused their assistance to the inquiry. The labors of the
committee, from the evidence they will have to examine,
must necessarily be very prolonged, and an early report canThey will no doubt discover
not, therefore, be expected.
that the method of conducting business has undergone a conThe middleman is being
siderable change of late years.
quietly pushed to one side, and the manufacturer is dealing
more immediately with the producer. This, of course, means
rFrom
otir
a cheaper article to the public, but the alteration has unquestionably told very severely upon no small section of the
middle class of society. Time is required to enable the new
order of things to be well established. The reduction in the
cost of the manufacture of the article should stimulate conbecause the section through which it runs is already over
sumption and expand the volume of trade.
supplied with roads.
It is not demanded by any interest
The commission will also have shown to them the growing
of the company, for it is clearly outside of the territory strength of foreign competition, more particularly on the
which the Burlington can legitimately call its own. It is part of Grermany but that must be left to the enterprise of
not a defensive but 'an offensive undertaking. It threat- our own manufacturers to combat. England ought certainly
to be able to hold her own in the Eastern markets, althous;b,
ens existing interests. It cannot but provoke hostility and
with Germany competing, smaller profits will have to be acStrife, and lower rates and profits as a result.
It invests
cepted. The labor question will not be easily disposed of. Pubthe future with uncertainty, and in that manner further lished statistics show that the balances in the savings banks
unsettles confidence in railroad investments.
In a word have rapidly increased of late, from which it is clear that in
spite of the badness of trade labor has been enabled to augit is entirely outside the pale of conservative action,
unnecessary and uncalled for, and so far from being jus- ment reserves, whilst capital has been diminishing. Some
readjustment of wages may be necessary, but whatever mode
tifiable, borders close on to recklessness.
of action may be advised, it is to be hoped that amicable
"We can not but hope that the managers of the Bur- relations will continue to be established between capital and
lington & Quincy will see the folly of their course, take labor, and that quarrels at home will not throw the game into
pattern after the action of the Pennsylvania and the New the hands of foreign competitors.
As the autumn approaches we have the usual discussion
York Central people in discouraging the further construcrespecting the probabilities of gold going abroad and the
tion of new mileage, and thus pave the way for taking
effect of the export upon the value of money. Compared with
advantage of the development of business and growth
a year ago, when the Bank of England rate of discount was as
of traffic that the future is sure to bring.
now 3 per cent, the position of the Bank of England is much
stronger. The bullion held is about £1,740,000 more than
spitd
United States Snb-Treasnrv.—The following table shows then, the reserve shows an increase of £3,650,000, and, in
the receipts and payments at the Sub-Treasuy in this city, as of the fact that the present total of private deposits is nearly
weUas the balances in the same, for each day of the past week: six miUioos in excess of what it was then, the proportion of
reserve to liabilities is 3'61 per cent better. To meet any
Balances,
ordinary drain the Bank of England <is therefore better preAite.
ReceipU.
Pajfmenlt.
Coin.
Currency.
pared than in the autumn of 1884. It will not be out of place
to recapitulate what took place during the closing months of
1.038.632 12
545.«H 79 163,267,570 92 26 4S0,794 91
).3i>2.!S!i6 01
97«,922 48 lti3.390,475 94 i6,6S3.523 42 1884. There were three changes in the Bank rate and they
1,563,S30 49
578,692 53 164,132.772 72 20.92H,:)6l 60
On October 8 the rate was
91;;.li»2 5fl
1,1.S9.08? 23 164,172.133 72 2«.ti40.1"7 9.1 followed closely upon each other.
1,174, lOH U2
54»,86l 21 1«4,561,U03 57 26.879.8S3 09 advanced to 3 per cent, on October 31 to 4 per cent, and again
;
673,390 52
Total...
*
6,714,707 92
*9s3,786 29 161.372,583 31 26.758,C0i 58
4.788,962 53
Includes $55,0v0 gold certificates taken out of cash.
on November 6 to 5 per cent, from which there was no further alteration up to the end of the year. The position of the
Bank of England at each of these dates was as follows
THE CHRONICLE.
234
November 6
December 31
By
up
these statistics
November
to
and
Coin.
21,974,000
*ia.^51,652
10,473.000
IP.SHAHOO
10,0fi.',000
£
Angiist 13
October 9
October 31
Propnrl^n of
Reserve of
Notes
Stock
of
Bullion.
;;i,44!i,672
19.298,000
n,.517,000
20,695,(jOO
11,408,^00
Bank
lost
3f'
p.c.
33-37 p.c
from August
will be seen that
it
6 the
liescrve to.
Jjiahit ties.
41-87 p.c
32-S7 u.c.
S5'rt2 p.c.
13
£4,144,000 in gold and
reduced by £3,334,000,
the reserve in the same interval was
the proportion falling 7 -87 per cent, but from that date the
position improved. In considering the probability of a repetition of these movements, it should be borne in mind not only
that the Bank of England is better able to cope with a demand for gold now than then, but also that the value of wheat
is distinctly lower, the average price of home-grown produce
for the season being fully oa. per quarter easier middling upland cotton also is quite }^d. per lb. lower. These are important items for consideration. On the other hand more
hopeful trade advices are coming forward from America, and
the greater activity in Stock E.Kchange circles in New York is
also a favorable sign, as showing returning confidence. The
improvement in Stock Exchange business is reproduced here
in a modified form, and if the state of trade in the manufacturing districts remains very restricted, there still seems to be
a more hopeful feeling springing up. In the event, therefore,
of a real revival of trade (commencing in America and extending to our shores) taking place, the accumulations of capital
now clogging the markets of New York and London would
be rapidly reduced witliin more manageable proportions, and
irrespective of any gold shipments, the value of money would
But it is, perhaps, indulgfeoon be permanently influenced.
ing in too sanguine anticipations to imagine that we are
about to escape so easily from commercial darkness to bright
prosperity such a transformation will probably be very
gradual.
Money during the week has been very quiet with more
liberal supplies offering, and rates, both for loans and discounts, have rather eased off. Day-to-day money is plentiful
per cent.
at
The rates for money have been as follows :
fV^OL.
& Abell write
Messrs. Pixley
as follows
on the
XLI.
state of the
bullion market
Gold—The Banlc has received since our last £73,000 in sovereigns
ftoiu tlie Kast, while JBIO.t.OOO hjis been withdr-iwn for Lisbon and the
River Plate. The Orion hroufjlit £73.000 Iroiu the River Plate; Moselle
West Indies
Cuzco £75,000 from Australia the Clyde
£42, .SOU to Bombay.
with lower exchanges from India, relapsed at flie l)eginnlng
£7,0(10 from
t.ilies
;
;
Silver,
of the weelt to 4;!% 1.. at whicli price the arrival per Ualiuia was fixed,
and sulisequently fell away ti) 49i,Rd. which price we give as tlie iiuotation for to-day. The Ualuia brought £48.i'00 from Chili; the Britiinuic
brought £05,000 from New York; the Ciyde takes £166,000 to Bomb:iy.
Mexican Dollars— Tlie only arrivals during the week have been
New York, and £3,H0i> fifm the West Indies. The market
till yesteida.vat our previous fjuoiation oi 48^d. peroz.,
and with the arrival of the Ville de Bordeaux with nbiiut £142,000,
anntnineert at St. Nazaire, there wlil be an opportunity of testing the
market within the next few days. The Clyde takes £14,000 to China
and the Straits.
£ii.000 from
was steady
The quotations
for bullion are reported as foUowa:
;
—
%
Interest atlowed
for deposits by
Umltin
Joint
7(0 14
Stock
Months\Mf}ntha Montlu Months Months] Months Banks. Call. Dava
TKru
Jal7 10
"
"
•'
»
1
H-\3-K,n
»
1
-\u O
1
9<®
Faur
Three
Six
-'.H
H<3>
17
24
•'
Four
iH» - i)«si« i«a3
i^« -1 maiHii
ma
I
15i»-lM»2
2
.7i
14: 2
2
®-
2
»
i«a8>i
^~H
iiM«2'^
H- H
H-
mm m»i
31
U
Six
jlJi-ia
«H'
®2W
j3
H
Si
13.
Awi.
i.
•.
Bar (told, flne.. oz.
9
Bar Kold, contain'f?.
20dwts. silver. 01. 77 lOH
3t>an. doubloons. oi. ... . .
77
<.
n
e.
Price of SUver.
Aug. 13
d.
9
77 lOH
8.Ain.doabloona.oi.
d.
Bar llTer.flne..oz.
Bar 8llver,contalnIngSgrs. a;old..oz.
Cake silver
ozMexloan dots. .oz.
.
49
I- 10
Aut.6.
It.
49 3-16
52K
49 9-18
53
48 !1-1«
«H
49 7-18
Amongst the items of financial interest transpiring during
week we have had the issue of the prospectus of the
Indian Midland Railway Company, with a capital of £3,000,000,
in £20 shares, and with an Indian Government guarantee of
the
4 per cent and a partition to the extent of one-fourth of all
net earnings before the 4 per cent. The line is promoted by
the great Indian Peninsular Company, and is in reality an
extension
Company
of
that system.
The
New
Brunswick Trading
of London, Limited, have also issued a prospectus
inviting subscriptions of £100,000 in 10,000 preference shares
of £10 each, bearing 6 per cent dividend.
The British Iron Trade Association's returns, just issued,
show the total make of pig iron during the six months end^d
June 30 was 3,807,095 tons, against 3,991,230 tons during the
corresponding period of 1884, a reduction of 181,135 tons; but
in spite of that the total stocks in the United Kingdom, excluding those held in Scotland by makers, have increased
The only districts in which a
exhibited are South Staffordshire and Shropshire.
The production of Bessemer s teel ingots during the half-year
was 633,772 tons, against 637,843 tons, and that of Bessemer
steel rails 333,697, against 426,415 tons.
243,388 tons to 1,668,729 tons.
decrease
Open marktt raU*,
Auo.
Price of Gold.
is
The number of failures in Eagland and Wales gazetted
during the week ending August 8 was 67. The number in the
corresponding week of last year was 61. The iucrease to date
is 389.
it was conThe long spell of bright
hot, sunshiny weather has unfortunately become broken at a
The following return shows the position of the Bank of
most inopportune moment, and instead of complaints of
England, the Bank rate of discount, the price of consols,
drought we now have to face reports of damage from the
the price of middling upland cotton and wheat, and the Bankers'
heavy rains which at present are only doing good to the pasClearing House return, compared with the three previous
tures and roots. We do not hear of any real loss from the
Au«.
"
IH*2 ,2><*2K 2ii&2H
-mUH 1«921| 2>,®2«
H
H-H
years:
1882.
«
*
»
26,441,020
26,165.540
4,2T3,1Z0
5,94«.7:<0
4.M»»,.578
26.839,230
3,S74.d49
1885.
7Aa.y
& otlior bilU..
*ubUo deposits
1884.
3(»,i0:j,424 24,3.19.3.11 22,35!<,717 24,100.839
Other depositB
Govermu't si'curltles. 1 J>.S9 <,6 -JS 13.577.763 11.9tii,63l 12,751.6 IJ
Otber secnritieg
21.28 l..i43 22.083,198 20,722.125 2-2,78 4,0.i7
ges've of notes & coin 15,40^,012 12,751,6.i2 12,821,753 10.691,193
Coin and bullion in
both (l(ip,-»rt!iient8.. 25,181,992 23,442.672 23,237,298 21,739,423
Proport'n of reserve
41 7p p. 0.
to liabilities
44-48 p. c.
37 's p. o.
48»s p. 0.
Bank rate
2 p. o.
3 p. 0.
4 p. c.
4 11.
Consils
lOJiifi
liW
99%
1005i
Bn(?. wheat, av. prioe
37h. 6d.
SSa. eVl.
43s. 6d.
50s (>il
Mid. Uplmiil cDttun..
ft^d.
513, Bd.
53, ^d.
608l
Ko. 40 mule twist
bikH.
!1»8'1.
10>4l.
S'ad.
Qlearlnit-Houseret'n. 93,919,000 91,428,000 119,534,000 129,018,000
.
The Bank
rate of discount
ohief Continental cities
and open market
now and for
rates at the
the previous three weeks
have been as follows:
iuti. 18.
Bates of
Inttrestat
Bank Open
BaU. Market
Parlt
Berlin
Ituikfort
fiaroburg
3
4
Amsterdam
Browels
Madrid
Vienna
St. Petembonr.
4
e
e
fJopenhaKen...,
an
3M
Auijust 0.
Bank
Op«n
Rate.
Market
2«
2X
2«
JuiV 30.
Bank Open
RaU. Market
JvXv
23.
Bank
Open
Rat«.
Market
4
2H
2M
2M
4
89<
2H
2W
3
2X
SK
3
««
3
25<
4
4
i
4
4
4
4
4
2M
2«
4
4
S
6
6
«
a
8
6
8X
8H
8
4
4
4
2J«
4
4
4
2«
3
2H
2«
2K
3
4
4
in
2%
2lj
4
2,14
a
2%
2
8
an
would be the
case.
but the chances of the crops being secured in excellent
condition and of a preponderance of dry and readily marketable samples have certainly been modified by the atmospheric
conditions of the past few days. Naturally the harvest will
not proceed with that rapidity which was until quite recently
promised. Estimates as to the results of the harvest are not so
optimistic as of late, so far as wheat is concerned, but an average yield will no doubt be secured. Oats and barley have
been somewhat improved by the moisture, but as a rule it has
come too late to be of much real benefit except to the pastures
anl root crops. Beans are s-ifferinga good deil from vermin,
and the yield apparently will not be so heavy as was at first
rains,
1883.
*
23,5.'!1.930
f]lronIatlon,exolarliaK
Harvest operations are not making that progress
fidently expected
anticipated.
The grain trade has been rather wanting in animation during the week, but as regards wheat the tendency has been
somewhat stronger. No actual change can be reported at
Mark Line, although had there been an inclination to buy
at all freely, the firmer disposition might have ripened into a
quotable advance, which was occasionally reported from the
provincial
districts.
The disposition still remains to
week or so untQ the new grain is
wait another
.
enable a
such quantities
as shall
of
actual result
be formed of the
Had the weather kept flne, this decision
the harvest.
would very speedily have been arrived at, but the change. jn
the weather has somewhat upset calculations. The main
features of the trade have not, liowever, sensibly altered.
being
fair
offered
estimate
in
to
August
THE CHEONICLE.
80, 1886.]
MiUerB with
tlie
large stocks of foroign Hour ofTerintt ni.iin-
tain thi'iroititiouH poliiiy
the other
h.aiitl,
holder.4 of
o( Unaliui; as little
wheat nro not at
all
On
potuiiblo.
o-s
anxious
sollcrs,
boUevio)? llmt prices have seen thoir lowest, and that tho
result of tho harvest abroa<l is such as to r, ndor the prostpoct
of an improvement in value.M almnst a certainty. At the
time, as the farmiiii; community have liad to contend
with a series of bad seasons, there are no doubt many )5r.)werrt
who will bo oimipellod to realize early, and as their xrain is
same
thrown on tho market, some imsettlement may not improbably
According to the agricultural returns for Great Britain, the
acreage under wheat is 3,478,318 acres, being a dec .-ease of
105,721) and 131,811 aoros, respectively, compirod with 1884 and
1833. The acreage under barley is 2,357,318 acres, or 88,526
aores more than last year, but 31,645 less than in 1883. Tho
acreage under oats is 2,910,680 acres, being an increase of
25,317 acres over 1884, and a decrease of 34,701 acres compared with \Sti. The potato acreage is 518,731 acres— a decrease of 16,317 acres compai'ed with last year, but an incre^e
of 5,276 acres over 1883. Hops have an acreage of 71,814
acres, being an increaio of 2,0JC and 3,293 acres, respectively,
over 1884 and
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the past
40 weeks of the season, the sales of home-grown produce,
the average prices realized, and other items, compared with
last season:
IMPORTS.
1883-4.
48, 610.364
1884-5.
owt. 54.385.130
16.0S0,041
12.173.52:
1,879.650
3.463.611
Wbeat
Barley
Oats
Peas
Beans
IntUaocom
26,iOH.-i4l
Flour
ClllZ'in-' .VntlonnI Kiknk of Danville,
Joliii .1. CPiilit. Vloi'-l'ii'dlilmii: J.
I' •!' "if i>M... ..i. ^
(8iii'iM'n(l.( !»! l'"lr-i ^'
8,382-Tlii> Nxwiiaci N»l,l>ii
i .iji.i
.lan, (J>»
(.'Iiu li« U. l';i r It
j.ii r
Kir py, III
15.H2b.o81
September
3,383—Tim
t'lll/.'iiin' S)iiliii
,»
.
.
ii.
id.^o.OOO.
liiiir.
Ciiilcil. 9100,S. K. H.iknr. Capillar.
..;,iiiitti)ii, I'.i.
..
.:
'.0.000.
O.mlilor.
ill
'
,
OHorKo W. Koii.ini, HriKXluit.
0II*!tOKS IS RKiKRVK. AOK'CrS OK .'<.\TIO!<IAr. H.k>(U4.
Lioonla, N. II.— I.ivdonia Niillnnal Bink.
ivurtok Xtttonal Bank,
Ui'mMMi, .M i'<H nppi'iivrd un Kiwirvn Axeut iu pliies of Flr*t
NuM'iuiil liunic ltoHt<iri. .M %^H.,rtrnkcl.
Camden, N .1. Ciiii'luii Nfttlr>iini Hank. U'lllcil Stale* National Baok,
Niiw Ynr^ Cliy. uppi "vi'l iw K"hi'Ivo Aueit.
SUaiiiDklu. P.I.— Kiist Nuli.jiial Hank. Nitlmal Pari Bank. Xew York
Cll.v, aiipr.ivoil ng J^^•>l'^ve A'<-^iit in pUue of Coatlnental
Nailiiiiiil Kaiik. New York City, revvi.ed.
Kfii.jcvillo Natlunal U.mk.
Knoxvlll'-'. la
Nallnnal Bank of Tlllnolii.
(jlikMiv'ii. aiipi iveil aa U««ervo Awut in plai:: i,l
irclutaU'
OjO.
M
.
1) in
13.ii»3.27l
l.').XO0.614
1 l,ri6i.0-)3
12,09:>. rre
lu.9r-',6r> f
2.124. "7.1
1.992.226
3,u27,64-t
2,9rf.',587
l,9i4.4>'9
27.3S7.341
14.127,340
22,8.').''.ol6
22.33(,820
9.513,695
15,712,527
1881-2.
1883-4.
48.'ilO,3«l
1882-3.
63.011.608
66.310,317
14.127,346
38,8i9,lS0
1.5.742. .'i?
9,513.'i95
42.8:>2,000
31,656.000
109,474,442 101,558,876 121,646,135
97,500,012
home-grown wheat, barley an 1
the leading markets of England and Wales during the
of the sales of
weeks of the season, together with the average
compared with the previous season, are shown
49
prices realized,
in the following statement:
Av'gt
Price
8aU».
Sales,
d.
2,737,27 34
|2.953.:i7 30
OaW
283,465 20
I
Av'ge
Price
1884-5.
t.
Sale*.
qrB. 1.6 7-(.000
Flour,e<iiial to qrs
J4.),000
Maize
188.000
qiB.
For Week.
Goixl.s
Total
Since Jan.
Ory
1882.
1883.
1884.
1885.
$3,894,411
7,051,872
$2,988.0 i.l
$2,617,113
5,714,-293
a.ouo,o.>8
92,939.679
6,012,192
$10,946,283
$8,702,3-28
$7,683,171
$8,931,971
$90,475,628
211.70J.o09
$84,280,237
«79..'J54.579
$65.916,7.53
.
219,9l6,67'2
2.8,083,443
18J.634.339
Total 31 weeks. $33-2,179.437 $301,220,909 $287,438,022 $249,551,092
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending August 25, 1385, and from Januai-y 1 to date:
SXPOSTS FBOM NBW rOBS FOB TUH WESK
Last tneett.
l.OSO.OOO
170.000
230.000
1882.
For the weijk...
Pi-BV.
1883.
t.
roportedr?
',
1
BXPOBT8
A«n>
IKPOBTS
OF-
Sreat Britain
i 8 1,879
7
Sermany
1882-3.
flour
SPEOIS AT
HBW
Xxjtort*.
9
7
21
199.615,559
$6.107,1.^9
20f»,273,174
TOBK.
ImportM.
Sold.
SiticeJan.l.
U.
ir
1885.
6,899.40-
The following table shows the exports and imports of specie
at the port of New York for the week ending August 22, and
since January 1, 1885, and for the corresponding periods in
1884 and 1883:
3 2,474,533 41
1,943.006 32
1
1884.
$a,623.298
2 l|027,9o4| 225i208!5i2
$7,244 138
Total 34 weeks. 9218,27-2,092 $233,829,810 $-200,514,067 $215,380,613
France
9
$280,000
9,562
... ...........
Weeli.
$
63.001
Wont Indies
Mexico.... J..
6,5;!9,412
12,74"4
.,.,,.
2,000
2l.\97-i
41lotlioroouiitrie!)...
37,728
270.54)
939,72P
21,423
58,000
$6,3 '(''.491
»1 3.744
37,814.1164
163.158
1,097,112
881-2.
31 656.000
T«al 1885
Total 1884
Total 1883
and Indian
332,168
SineeJan.\.
$2,482
1,509.684
3,130.435
834,261
26.944
485,287
63,467
Anierioa.......
4'.>uiD
$6,052,560
9.90 ,735
6,376,930
Silver.
Laal year.
1,757,000
19 '.000
229,500
1883.
1,588,000
145.O00
332,OjO
ireat Hritain
lennan
VftRl [O'lles ..........
Financial .narlcet*— Per Cable.
4.1
1
closing quotations for securities, &c., at London
are reported by cable as follows for the week ending August 28:
9292,500 910,024.602
12,420
448,014
5.50k
101,578
230,765
America
8',235
otUer oou 11 tries ..
927,839
19,569
8,925
35i',343
306
249.668
573,141
7,458
$9,225
44.834
28J,119
$1,229,003
679.024
li'.ioo
$311,820 $11,49.5,20«
9.-201,397
270,-0
832,805
9,406,768
Total 1885
TotM 1884.
Total 1883
»
i
2.,"55.627
3,227,«(i4
I
London.
Man.
Sat.
Tuts.
I
d
!
(ormouey
for account
Froh rentes (in Paris) fr
U. 8. A'j.iof 1891
U. 8. 48 of 1907
Canadiuii Pacillo
CUc. Mil. & St. Paul....
Erie, oomiDou stock....
Illinois Central
Penunylvanla
PUladelphiaA Reading
Mew York eutritl
48!H
loo 1,3
CoogoU
I
KBW TOOK.
1.
Oooil-i
Gen'l lUtjrMlse
The daUy
BUver, per 01
Baok,
in January:
FOaBiaH IMPOBTS AT
4otith
Bnzllalt
week
Weeh.
42,892,003
The following shows the quantities of wheat,
com afloat to the United Kingdom:
Wheat
ftrst
Price
d
2,706,317 39
8'3.0.54.48> 31
366.70J 21
»l
1883-4.
38,819.1i>6
38,819.1'>6
.owt.
owt. 39,202.731
Alprenent.
\l\.,ree„l;rjl.
$7,294,978 last week and $5,448,381 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Ausfust 20 and for tho week ending (for general
merchamlise) August 21 ; also totals since the beginning of the
Av'fie
Converting quarters of wheat into cwts., the totals for the
whole kingdom are estimated as follows:
Wbeat
M
ChUMifo.
Imports and Exports fob tub Week.—The imports of last
week, compared with those of the preceding week, uhow an
increase in both dry goods and general murchanliae. The
total imports were 18,931,871, against |7,4SI,901 the preceding week and $7,784,823 two weeks previous. The exports
for the week ended August 25 amounted to $6,107,139, agaioft
1882-83.
18S3-84.
1884-85.
Wheat, qrs
Barley
Ifaiik.
specie)
Bales of liome-(!rowa..3J.262,731
The extent
liiil
WinfleUl. KiiiL-WliiHuUt Nitlloiial Mauk. Uoiniiierclal National
CliicuKo. III., api>rove<l a« Bcservo A)feut.
1881-2.
56,:s^0.3i7
40 weeks:
1884-5.
Total
Nuth
Gen'lmer'dise..
1882-3.
63,011.608
12,433,977
l,61(i..501
Importsof wlieat.owt.54.38.'s.l30
Imports of flour
15.826,581
Ctonaots
A
•"'
Dry
Supplies available for consumption (exclusive of stocks on
past
K
9.381 -Til"
—
follow.
oats in
235
li^OHs
81
05
1I4I>8
3
Wed.
T/ntn.
48ta
1001,, lo:)i,« !00>4
ll)01,B
10014
81-05
811 > 81-15
I14!>8
11431
114!)|
120
1-26 %
12618
41,53
46lfl
4>;><]
4'jis
821-j
l*-38
8l«t
fO's
^2
137'4
13'i%
53'8
16^
1.3
5.1 "8
5:i5e
124
lHa
11>8
103 O9
1026b
imi
ions
.VI
17 >«
I'.'s
102
171fl
137
Fri.
4aia
lOO^ifl
100-.,
81-17'a
IM^s
I.6I4
Of the above imports for the week in 1885, $4,383 were
American gold coin and $3,22 American silver ooLti. Of the
exports during the same time, |39,728 were American gold coia
and $21,900 American silver c in.
>
—
The Hong Kong & Shangh-ii Banking Cori>oration's New
York agent in leceiptof a te egram fromH> i^ K >ii;^ 'Stating
that for the six montlis endin^j June -iO lac h dividend of £3
per share was declared, $100,000 added to th.; reserve fund,
$100,000 added to the fund for ojuUizition of diviilead-", and
i.s
17'»
l.iOii
54
I10314
CJqmmevctat nnA ptt scellaneaits ^ems
>
$50,779 cirried forward to credit of this half-year's profit aad..J
loss account.
Atictiou Sales.—The following were sold at auction lately
by Me.ssrs Adrian H. Muller & Son:
S/idres.
NA-noNAL Banks.—Tho following national banks have lately
been orttanized:
3,380—Tlio
first Natl0n.1l Bank of Grant Clt.v. M.i. Capital, $30,000.
Calvin Tilton, President; lirdley O. Sayle, CasUier.
3 Sluy vcaant Safo l>ep. Co. 93
40
Pacific
llt-L-
I118.
Co
101
>a
Mutual G,i8-r.. C,i. of N.Y.135
15;i InmStcttUiboatC)
13M
100 KIcU. 6i AllOijh'y BR. Co. 2%
.$5,000 Iron Steamlioat Co. Ist
mort. 6 per cent, huuds ...,.
$2,000 Biriiev Dumnlu;; Boat
Co. hoods
72
».
7i:"»
THE CHRONICLE.
236
[VoLt XLL.
discount, selling par@^ discount; Charleston, buying par©
1-16 premium, selling 3-16@J premium; Boston, 10@12i
premium; New Orleans, commercial, par@.50 premium; bank,
12o@200 premitim; St. Louis, 35 premium; Chicago, 25
discount.
The rates of leading bankers are as follows
J-
DIVIDENDS.
The following dividends have recently been announced
:
Same of Company.
Per
When
cent.
Payable,
Bookt Oloeed.
{Dayt incluHve.)
AuQust
Railroads.
Delaware & Bound Brook
^ept.
Sept.
(qn.ar.).l
Illinois Ci'ntral
Mlscellaneons.
Pelawaie Ac Hudson Caual
1^
(quar.)
Sept.
IslAug. 16 to
1 Aug. 12 to Sept. 3
lolAug. 30 to Sept. 10
in commercial affairs continues to
and the advance
fully maintained.
damage
show a
slight
improvement,
be
in steel rails to $28 at the mills appears to
There have been as yet no reports of serious
by frost, during the recent cold
to corn or other crops
8nap, although the reports for Friday night
may
possibly
show
some parts of New York and New England.
Exchange the large advance of the past two
months has thus far been well sustained, and notwithstanding
the reaction in one stock or another, there has been no heavy
decline from the best prices made in the recent upward movement. It will be remembered that this had its inception
in the West Shore negotiation, and it has been carried up
to the present point almost entirely on the strength of the
prospects in the railway world in consequence
better
of that negotiation, and its far-reaching rssuits, together
with the favorable outlook for all growing crops, except
wheat. On these grounds a large advance was by no means
having taken place
unreasonable, but such an advance
it was much healthier for the market to call a halt and let
matters settle for a time and adjust themselves to the new
light frosts in
At
the Stock
Sixty Days.
Dem^Tid.
4 8412
4 861a
1
82M*4 82%
1
82
Paris (francs)
5
Amsterdam
NEW YUKK, FRIDAY. AUGUST 28. 18S3-3 P. M,
The Money Market and Financial Situation.— The tone
28.
EMmehankers'sterllng bills on London.
Prime oomuieroial
,
Documentary commeroial
Coins.
40
(guilders)
Prantefortor
*1 8214
221a 85 21 14
Bremen (reiohmarkR)
If
401
16
949i„ v/'gill,.
S
193885 18%
403,eSl0i4
963i.a95Li
—The following are quotations in gold for various coins
Fin^ gold bars
Dimes & >« dimes.
—
par/»i4
991^3
— 99%» par.
— 93 « — 95
— 94194' — 85ia
Do uncommerc'l. — 8312* — 84%
— 75 -a — 761^
Peruviansoles
4 78 a 4 84
English silver
85 a — 86
U. 8. trade dollars
O. 8. silver dollars — 99%® par.
and
88
Silver 148
92
78
00
70
65
Five francs
$4 85 «)$4
Nipoleons
3 86 ® 3
X X Reichmarks. 4 73 a 4
X Guilders
3 96 a 4
Span'hDoubloons.lS .^5 a 15
Met. Doubloons.. 15 55 «15
Fin5 silver bars .. 1 O5I3S 1
Sovereigns
O6I2
prem
Mexican
las.
dollars.-
par
United States Bonds. — Government bonds have been moderately active the latter part of the week, and there is no special
feature to the market, though the prices for the 4s and 4^8 are
a trifle higher.
The closing prices at the N. Y. Board have been as follows
Interest Anq.
Periods.
22.
iijg.lSQl
4'«8,1891
reg.
*
This
Is
State
'95.
'96.
'97.
'98.
'99.
...reg, 3.
...reg J.
...reg, J.
...reg J.
.ree, J.
.
&
&
&
&
&
Aug.
Aug.
25.
26.
27.
•12278
122^8 "12278 •122-'8 *1227a
123>8«l227^ 123
,
6i,our'oy,
6s, car'oy,
6s, oor'oy,
63, onr'cy,
68, car'oy.
Aug.
24,
lllTf nil"8 nil's
WW
llHis
«U3
1131s '113
Q.-Mar.
.ooup, Q.-Mar.
-reg Q.-Jan.
49,1907
OOHp Q.-Jan.
4s, 1907
3s, option D. 8. ...reg Q.-Feb.
..
Aug.
10314*103 1«
127 i-12d
129
129
131
131
133
133
135
135
J.
J.
J.
J.
J.
-103
•127
•129
•131
•133
•135
the price bid at the morning board
and Railroad Bonds.
:
103 H
126
•127
•129
MSI
'131
112
*ll.ii«
Aug.
28.
•112"
113H
123
123
123
•128
*130
*132
•134
129
'123
•loaig •10318
'127
12rt
131
133
'135
no tale was made.
— State bonds have again had
order of things.
a large business, the bulk of the transactions being in the lowerpriced classes of North and South Carolina and Virginia. The
sales have been: $313,000 Virginia 6s deferred at 10-12i;
further sharp advance of 10 or 15 points, and without any col- total
$205,000 North Carolina special tax bonds at 5-5|-; $1,000
lapse in prices, must be regarded as showing a comparatively
do. do. consol. 4s at 88f $190,000 South Carolina 6s, nonhealthy and conservative tone and when affairs have so much fundable, at
J; $30,000 Tennessee compromise bonds at
further improved that New York Central and Lake Shore are in 56-50i; $17,000 Arkansas 6s, funded, at 9-7i; $4,000 Louat
a way to pay regular dividends again, of not less than 6 per isiana 7s consol., ex-coupon, at 68; $31,700 Alabama Class
93; $1,000 Missouri Gs, 1886, at 102; $1,000 do., 1887, at 104i;
cent per annum, there will be no difficulty in making a further
$2,000 do.. 1888, at 106i; $5,000 Georgia 7s, new, at 102i.
advance in stock prices, which will then be based on a fait
•Railroad bonds have not been so active as of late, and prices
accompli, and not merely on the prospect of future good times,
Erie 2ds have been the leading feature
are somewhat irregular.
however certain it may seem that the hope of those good times and have fluctuated quite widely on a large business; they close
Messrs. Brexel, Morgan
at 67|, against 67i last Friday.
will be realized.
Co. announce that $47,500,000 of the $50,000,000 of West
Rates for call loans during the week on stock and bond col- Shore bonds have consented to the New York Central plan,
laterals have ranged at 1@2 per cent and to-day at l@li per which is certainly a very large proportion of the whole Issue to
have come in in so short a period. New York Chicago & St.
Prime commercial paper is quoted at 3@4J per cent.
cent.
declining to 73|,
The Bank of England weekly statement on Thursday showed Louis Ists have had quite an active business,
but rapidly recovering, and closing at 78f, against 77^ last week;
specie
of £691, 305. and the percentage of reserve to
a loss in
Texas & Pacific Rios, coupon off, close at 59f, against 57i; do.
liabilities was 45, against 46 1-16 last week; the discount rate income and land grant at
47t, against 43 J; Texas & New
remains at 2 per cent. The Bank of France gamed 4,300,000 Orleans, Sabine Div., at 96, against 93; New Jersey Central
consol., coupon off, at 105, against 104^; Atlantic & Pacific
francs in gold and 3,683,000 francs in silver.
The New York Clearing House banks, in their statement of Ists at 72, against 72f do. incomes at 181-, against 19; Missouri
Aug. 22, showed a decrease in surplus reserve of $1,314,400, Kansas & Texas gen. 5s at 71J, against 70.
the total surplus being |58,341,475, against $59,555,875 the
Railroad and Miscelianeons Stoclts.— The stock market
previous week.
has been only moderately active the past week, with the tone
The following table shows the changes from the previous very irregular.
Speculation has been much governed by
week and a comparison with the two preceding years in the rumors, favorable and unfavorable, set afloat by local speculators, and the bull or bear influence, whichever happened to
averages of the New York Clearing House banks.
be strongest, has ruled from day-to-day. On Tues'lay there was
a very general decline in which the grangers led, influenced
188.5.
Differences fr^m
1884.
1883.
Aug. 22.
Previous Week.
Aug 25.
AKfiT. 23.
by reports of frost in the Northwest; but the market has since
most of the decline, prices drifting along on a very
Loans and dls ji317.554.700 rno .$2,614,100 ¥287,R95.900 *327.59.i.600 recovered
115.970,000 Inc. 1,358,400
Bpecie
75,998,000
59.829,3110 irregular and changeable market.
Cnrculation
9,644,900 Deo.
4,100
14. .180.000
15.618.600
Nothing new ot any importance has transpired. Reports in
Net deposits.. 391,8114,900 Inc. 3,56^,t>00 304.414,200 317,277,900
consolidation of Northwestern and Omaha, as
40,322,700 Deo. 1,681,400
Legal tenders.
31,765,100
25,312,000 regard to the
changes in the Northwest, are still made,
Legal reserve $97,951,225 Inc. $891,400 «70,113.550 $79,319,475 well as other railroad
Beaerve held. 156.292,700 Dec.
323,000 107,763,100
85,141,300 and have had some influence on speculation, though prices
have been governed mainly by the operations of local traders.
*58.'-<41.4-'5 Dec.$l. 214.100 S31,fi49,550
Bnrplus
S5.821,82.i
The Omahas have again been active and very irregular, showing
Exchange. The sterling exchange market has been very some decline for the week.
dull all the week, and the tone rather heavy.
The coal stocks, but more especially Lackawanna, have been
Bankers are
now anticipating an increase in the supply of commercial bills prominent, and a bad condition of the coal trade and reduction
on account of cotton shipments, which will soon become in tolls by the Lehigh Valley Railroad, caused considerable
large, and posted rates were reduced i cent on Wednesday.
weakness in that stock; on Thursday, however, an advance
To-day the rates on actual business weie as follows, viz: in prices of coal was made by some of the companies, which
Bankers' 60 days' sterling, 4 83}@4 84 ; demand, 4 85f @4 86. caused an improvement.
Cables, 4 86@4 86J. Commercial bills were 4 83@4 82i. ConIn the Vanderbilts nothing new is reported and they have
tinental bills were
Francs, 5 21J@5 22i and 5 18J@5 19|; generally followed the course of the market; the success of
reichmarks, 94f and 95J; guilders, 89J@40 and 40i@40J.
the West Shore reorganization plan, which leaves only a triThe following were the rates of domestic exchange on New fling amount unassented, had no perceptible influence, as it
York at the under-mentioned cities to-day Savannan, buying was generally anticipated.
The
recent
comparative
steadiness in stocks,
without a
;
4^
;
A
&
;
.
—
:
:
August
THE CHRONICLE.
20, lfi86.]
NEW YOKK STOCK EXCIIANUE PRICES
237
WKEK ENUINQ AVOVAT
FOIl
HIOHKBT AND LOWEST PRIORS.
ar.
BatnrdaT
August-J2.
JAN.
1885.
1,
For run
Year liS4,
BalMot Ranire Blno* Jan. 1, 188S.
Week
LOWMt.
HiKhwt.
the
T"**^/-
MonrtcrAajnul'i4.
AND SINCE
38,
Wedne(i<l«», Thorsday.
AususlaS. Auguattit). Auga*t27.
r....»y,
Friday,
August'iH.
(Uhares).
Low. Hl«h
KAII.ItOADS.
Albany
su.s(iiu«liiuiiia
j;
BMtoii.t N.v.
Sa>
80<a
Conlrulof NewJorMoy
Ceulnil I'ooltlo
61>«
39
8
*7
CUempvake <ft Ohio
<4
4S
39 Hi 39 ij
•10
lA
411 »(
60 »4
39 >« aili-j
46 ^i 46>4
3a
3a
•10
•fS"*
4a<a
1.^
48
sa
7\
49<a
3U
7
14
7*^
IS'*
9
37 'a
lao^
Denver
Lackawanna <&
U>s
Kio (.Jrande
i&
A Sioux City
Bast Tenno.iaee \'a. & Qa
104^
11=,
102>4 104
11»8 la's
Dabunue
lio
B!Tanf(Tillfl<&
Fort Wi.illi
pref.
A
Terre Haute
IH-nviT City
Green Day Winona
Harlem
Houston
&
Illinois Central
Do
leasotl line
liake Krio &
liake Shore
Lons Island
LooUTlUeA
&
32
SO
134
49
39
40
•7
8
14
Western
Nashville...
A Charleston
Metropolitan Elevated
MlchlKan Central
Mil. L. tSIiofeA Weat'rn, pref.
Minueajiolis (& St. Louis
MeniptiKS
pref..
Kansas & Texas
Pacltlc
9
73'-i
724
71
76'*
113
39=4
46
474
H^
125
•6634
6a
1001
864
16
87
67
67
204
19 14
41
24
20=4
20
434
924
B2',
414 43
23 4 244
92=1
124 124
25
92=4
132
13 4
.
.
94
•93
84
13U4
70=4
116
101!%
11=4
11-8
12
12
354
34=4
94
04
40
94
85
94
*3a
40
40
99=4
•36
38
126
64
"36
66 =<
40
19
194
404
41=8
22=4
23 4
92 4
92
9'
174 184
17
17=8
18=4
174
234 234
23
234
23
23
14=4
13=4
144
5=,
1?^ 12
12
114 12
25
22
49
23
214
60=6
48
22=4
14
234
24 4 24
204 21
47=a 48
23
21
21',
204 214
6'8
70=4
',
4
764 764
46',
46
994
99=4
100
37
37
734
40
39
19
87 4
39
19=8
414 414
23=8
23=8 244
924 924 •924 94
23
•93
16
11=4
46',
1004 10041004
654 »654
184 194
404 414
9
9
72 =S 734
9
78
46=4
•36
132=,
124 13
9
45=8
125
05 4
•104 13
•11=4
64
6=a
12»,
127
45
101
454 43
1004 10041014 100
45
5=4
644
63=4
39
89
19
19
41
41
23 'a 21=,
93
93
127
127
45
6'i
94
644 644
132^8 132
132
72
78
46
72=8
5'"
9=8
94
64
19
134 134
•754 764
45=8 461%
'094
40
132
8=4
724
.
.
8111
34",
9
64
19
13=4
,
New York Lack. A Western
New York Lake Erie & Weafn
Do
pref.
New York A New Enf^lana
New York New Haven Hart.
New York Ontario A Weateru.
New York Suaa. A Western
Do
pref.
Norfolk A Weatem, pref
14
1024
1364 1364
12041204 1204 1204
54
22
•12
13
11=4
11=8 11«8
Ohio
125 127
126 126
125
Kssei
125
41
45
45
Nashv.chattanooea <ft St.Lonls -44
45
44=.i
New York Central & Hudson.. 99»8 100»4 99=4 IW^ 9841004 98 'a
OHl
6\
64 6 4
6»8
New York Chic. & tst. Louis
54
6
9=4 10'(
Do
114 IIH,
10
pref.
,
25,610
19,543
835
13U
13941394
7U
-30
35
99',100i2 100
14^8
15
.....
136
25
35 4
9a
30 'i
93
4
79
114
10141024
114 ll\
25
33=4
O".
•8=4
7I464 474
•13
84
6
104
11
11=4
114
12
95
934
93=..
95
16=4
16'8 17 4
234 244
•93
16=4
224 224
174
36
36
234
24=8
13=4
14
tfe
.
.
Northern PactUc
Do
pref
14
Ohio Central
Ohio A Mississippi
Do
54
15
25
21't
494
1=8
144
64
12 "b
6
10
104
10=4
-23 4
1=8
•14
23=8
21=4
4
54
144
13=4
6=9
11
114 11=8
244 24 4
20 'a 214
47=8 484
14 14
22
224
47=4
48=4
14
224
22=9
94
9=4
204
204 20 'a
134 134
54
24
4
204 20=4
47=8 48 4
1!%
21=,
14
14
21=4
22^.
144
64
0=4
4 25
214 214
24
A
'rran.s.Contlnental...
Peoria Decatur A Evausvllle..
Philadelphia A Hcaiiinit
PlttsbntK Ft. Wayne A Chlo...
Rensselaer A sar.ito^
Klch. A A lies., .stock trust ctfs.
134 13=4
214 23 4
3
3
RichinoiiilA Danville
Rlchm'd A West P'ut Terminal
72!%
31
72=6
31
44
64
Rochester
.t
Pittsburj?
Rome Watertown A Ogdensb'g
Bt.
Louis .Vlton
Bt.
LoDls
Do
Paul
34
34
31=8
6
31=1
194 204
194 204
214 22
214 224
•134 14
14
14
21
138
71
64
14
72
304 314
4=4
2 '9
•70
2',
75
304 304
4=4
4=4
274 274
274
54
28
2h
72
14
23
136
2=,
20
21',
24
24
64
6=,
72
314 314
5!%
5=8
28=4
28=4
204 204
pref.. ..
Istpref.
Duluth
35
35=8
254
84 4
25 1<
88 =(
83 4
204 204 •194 20=e
354 35»B 35
35
•83 4 844
194 '20 4 20
20
33=4 35
-344 354
834 834 •834 844
25
25
25
Do
85=4
86 'a S7
pref
87
87
"litt"
86
St. Paul Minnoap. A Manitoba. 1054107
108 106'i 105 1054 105 1054 104=4
Bonlh Carolina
12
Texas A Pacitic
16'8
18
16=8
15=4 184
18=8
16h 174
Union Pacitic
614 52
514
60
614 504 51=8 61=8
Vlrttinia .Midland
21
22
20
20
Wabash .^t. Louis A Paclflc.
6=4
6=8
6=4
7
8=4
74
84 6=8
74
Do
15
pref,
16
16
15 4
154 15 4 16=4 18=4 »14»4
. .
American Dlst.Tel
American Tel. A (.:able Co
A
Bankers'
Merchants' Tel..
Colorable Coal A Iron
Consolidated (*as Co
Delaware A Hudson Canal...
Oregon I rnprovement Co
Oreiron Railway A Nav. Co
Pacillc .Mail
Pullman Palace Car Co
Qoleksllver Mining Co
Do
pref..
ITnlon TeleirraDh
weatem
E.Vl'KESis).
Adams
American.
United states
Wells, Farco A Co
I.NA("nVK STOCKS.
64
34
16
2
10=8
944 54 4
854 874
2i
254
81
81
514 61=8
128
63
63
2
184
944 94 4
63
154
154
85=8 86
914 94
85 4 86
25
25
79
80
50=4
•20
694
'144
99
65
62
lis"
514
49=4
127
1294 128 129
•4
•44 54
6914 70=4
63
2
15=8
>116
128
7
2,-
23
70=8
684 694
150
994 994
•53
604
55
120
23
144
974 994
•53
116
65
120
62
2
16
94
284 29
143
98 4 984
55
65
118 118
18
6
18
6
35=4
24 'a 24',
86
86
1054 103 1044
12
174
10=4
17=8
52
61
624
8
84
7=8
154
184 164
"le" 16=8
99
Si
99
64 34
8.220
2,062
7,310
892
24
79
24
80
501%
50!%
23 4
234
300
70=8
71=8
131,408
144
99
•53
116
160
99
55
120
8
7
4^
June29
8
Jan.
3
80 Mar. 21
664 Jan. 22
21 Jan. 3
59=4 Jan. 29
34 JulvU
22=4 July 10
634 Jan. 2
130 Jan.
309 87 4 Jan.408 48 Jan.
8 104 4 Jan.
25
400
29
147
18
24
324
3
118
Homestiiko Mining Co
17
New Central Coal
26=4
17
26=4
These are the prtOM bitl and aaked; no aale was made at the
174 174
264 354
B4Mtrd.
...
374 80
VTH
80
AUK.17
14'a A,lK.I7l
,
Mar.28 25
Jan. 27
1
1.805
10,815
46=4Mar.21
3,467 107 4 Jan. 2
63
19641964
V
62 Aug. 13
401% Ailg.28
8
S8^
tV'
39
1
4Ang.l5
14
6
16
94 23
6'
94Aiig.l7,
17
2 l.<9 4Juhe X 118
140U
10
61
122
Consolidation Coal
Apr. 7
Apr.
Apr. 22
66!% July 22
67 Feb. 4
~
7
Feb. 18
IS
11
464 Aug.
M
Aug 80
977 128 Jan.
12,284 1164Jan. 2 134
Aiig.22, 107
127»«
180,400 64=4 June 8 83 4 J Illy •.•4' 684 94^
146 102 Jan. 28 116 Aiig.28 95 't 119
81,966 841^ Jan. 2 103=4 Aiig.!7 81 la 124
046 119=4 Jan. 2 139 '« Aug.13 117 149<s
488 106 Jan. 2 121=4 Ang.20 1004 12eH
3,450
64 Mar. 81 124 Ailg.'24l 6
18^
320 14 July 11 25 4 Aug.t^O 164 85
37.800 184 Apr. 21 384 Aug.24
21 'a 88 <•
6,430 68 June 8 96 Aug.21
80=4 100
610 23 Apr. 30 42 Allg.l7 28
69 >
8 134 Jan. 31 141 May 6 1264 141
144Jan. 9 41 Aug.18 38
88
lon.iie 821% Jan. 22 109 4 Mar. 9 86>4 188 >(
7,265
4»i June28 134 Aug.l7
6S 35H
65 Jan. 6 67 Aug.ll 63
83
6,51.';
2=4 Jan. 15
6=4 Ang.l7
8
8^
4,085
44 Junell 104Aug.l7| 4=4 14>1
700 37 4 Jan. 10 64 4 Aug.28 30
61
175 14 July 28 23 Aug.ll
100
3 Jan. 8
64 Aug. 4
34 8%
"'306 190 JuueSO 200 Mar. 24 186 aoo
14
Mar.28 32 Ang.22 20
61
l,4sO 1194Jan. 17 134
Aug.ll 110 140
84 Jan. 16 90 July 11
86
70
1,160
30 >(
74Jnne 5 154 Aug.l7
9
1,725
l%July 8 17 Feb. 21
6't 19H
141.290 50=4 May 12 75 Aug.l7
694 104 >%
628 62 Jan. 2 77=4 May 20 82
78^
65,290 22 Jan. 16 4S)4 Aug.l7 224 61H
85
114Jau. 8 34 Aug.21 10
5,018 65 Jan. 15 1004 Aug.22
644 79
175 ll'%Jan. 3 184 May 19
10
24
1,940 27 4 Jan. 15
40
Mar. 7 23
" 44
125 4 June 2 85
106
90 Jan.
665 484 May 7 68=4 Aug.18 51=, 94 *
200 29 June 1 39=4 Aug.!<l
44 >«
31
11.260 104 Jan. 26 20=4 Aug.22
74 18<9
8,630 24 4 May 29 434 Aug.22
17
86^
35.510 144Jan'. 22 26 Aug. 17
94 28
2,360 894 Mar. 21 98=8 July 18
834 100 >a
400
8
June 6 134 Aug.lS
64 18
130 114=4 Jan. 2 127 Aug.l7 115 137>»
1,700 33 Jan. 7 47=4 Aug.lS
58
80
78.250 81=4 June 1 101 '8 Aug. 17
834 133^
5,'120
10>9
14 May 5 7 4Ang.l8
4
3,460
4 Mar. 25 12!%Ang.l8
74 20
390 844 Jan. 2 94 Ang.18 83
94
20,7'25
94 May 29 184 Aug.l7 114 '28>i
100 18 June29 39 Aug.l7 20
71 >.
3,725
12 Jan. 17 2.)ii Ang.20
8
17^4
184
175 Jan. 2 190 May 2 176
9.831
6=4 Apr. 14 17
Aug.20
7
16^
6,947
1=4 June 2
8
Aug. 17
1\ 6
4 'a Jan. 27 124 Aug.20
3,310
44 18
850 14 July 3 25=4 Feb. 28 17
43
17,518 15 Jan. 17 '24=8 Ang.l7
37
14
47,125 384 Jan. 29 61'9AUK.17 374 67^
3,475
4 June 3 I's Aug. 14
3,500 104 May 4 23=8 Aug.20
14=8 36^
71 July 9 72 Julv23
45
90
500
11"^
Mar. 19
7 4 June24 12
6
8=4 24
14'sMar.21 21 Apr. 27
5i",770
10=4 Apr. 8 22=s Aug.20
34^
?*
625 7=4 June 9 154 Feb. 27
17\
24,700 13 May 29 2lis Ailg.l7
16'8 601%
206 1194 Feb. 17 137 4 -Vug. 7 1194 135
1364 Jan. 29 143=4 May 21 138 146>a
2,650
1
May 22 44 Ang.18
24 6
315 44 's Jan. 19 75 Aug.20 32
81
2,005 18 % .May 29 324 Aug.-JO
83
12
2,575
2=8 Mar. 11
64 Aiig.l7
I'f 16>«
24
18 June23 19 Feb. '20 14
"800 15 May 1 30 AUK.20 18
60
96
75 AHK.15 78 Aug.lS 70
1,920 174 May 8 21 Feb. '25
114 29
2,350 30 Apr. 30 39=4 Jan. 8 244 50
100 79 May 12 874Jan. 10 70
96 •
608 18 July 31 354 Aug.22
32 >^
15
1,130 77 4 Feb. 7 87
90
Aug.ll 65
7,930 79=4 Jan. 2 1084 Aug. 1
78 4 99
100
11
9
7 Jnneie 12 Aug.l2
41,049
94 Anr. 8 18 Aug.lS
54 22^
74,500 41 Mar. 21 654 July 18
84",
28
450 16 Jan. 10 22 Aug.'20 15
21
4,210
4
19\
2 Apr. 30
94 Aug.14
800
33
9
64 May 7 174Aug.l7
625
164 16=4
924 934
864 874
Feb.
133i«Mar 1 126 I8B
Mar. 26 97
Aug.l2 804 90
35=4 Anr. 24
23 May 7
9 July 28
31
Mar. '25
264 Jan. 81
2.'>0
2
18
8
Texas A St. I.ou .sin M. A A.
United Co'sot N. J
Wanen
Ontario silver Mining
20
844
624 624
63
Charlrttte Columbia A Augusta
Chicago A Alt4jn. pref
Colutnbus H'Kkinir Val. ATol.
Keokuk A Dps .Moines
Louisiana A Mis.souri River.
New York Elevated
20
•34=4
•83
25
86
9t
934 93 '(
85 4 86=9
864 87
23=4 21',
79=4
79
80
804
49'9 504
604 60=,
127 1'.'7
128 128
•4
6
•20
24
684 69
69!% 711^
Atchison Topeka A SantA Pe.
BnrlinKton Ced. Rapids A No.
Central Iowa
•
30',
pref.
A San Francisco
A
H
14
22=8 23=8
13641364
A Terre Haute
Do
Do
Bt.
14
pref
OhioSonthern
Oregon .Short Line
Oreffon
•«
6=4
11»,
11=4
600
860
100
8
40»»
8
134
101=4
134=4 135
120 121
•614.
80
132
30
132
134
9
72'a
78'4
40
13141324 130 4130=4
100
62
64
6'(
30
131
4
•7=4
6=4
514
11=8
9
154
•13
46
874 88»8
494 50 V
«7'«
131
a
13311 laai-j
4 p. ct.
West'n
Do
4»V
3H4
74
14
61
•44
1014 lea's 1004 1024 1014102!% 101 1024
10=4 114
9't 11»»
114 114 114 U'i
63
•5I4
32
Manhattan Ktevated, cousol..
Manhattan Heacli Co
Missouri
Missouri
Mobile i
Morris (fe
63
144
....
New Albany A Chic.
Louisville
6
63
li
6Ti
r>-.
Faal.
at.
A Texas Uentral
Indiana illoomlnKt'n
fi's
9',
*61»4
39
78 », SO
OleTelniid
West. 10294
46»,
39
13?'' 137
UH
A PittHlnir>r. ftnar
Columbia A (treunvlUo, pr«f
46^^
3Ta
13 H, ir^ •13
•a
H
s
137 137
137 137
136 137 "a
OhleaKOiJt Alton
l:U>4 132S, 130»4 laiH,
OhIcaKo BurliiiKtoii A UiUnoy. l:l()w, lisi
71) >a
79 1« bOH) 7S1, 79"4
mi's
Ohloaffo Mllvraukee dk Bt Haul
114
pref. 114
IJo
112Hi
101', 102^^ 10l>«102<«
907,10114
CblaaffoJt NorthvreaMm
I3ti
13a
13U
prof. 137 < 137 X 137
Do
120 >g 121
Chtoafco Kook iHlauil t.^ Pacillo ii»'-i laoH,
11<« US,
11»4
12
12
CbloanoMt. Louts Jt I'llUtburE.
29
•ii
25
25
1>0
pref.
37 "s SH't
33«« 37
OUoago Ht. Faul Minn. <& Om. 37-% 34
90
9S
95
91
prof.
Do
94^
40
39 a 39 !
40
Cleveland (?ol.Cln. <fe Tndianap.
4U>e
40
13 <<
Intpret
2d prof....
IJO
I>o
l>elawiire
134
88
Alr-l^Uie, pret..
Oauiullun I'm^lHo
OwiiMla Huuthorn
Oetlar Fslls.t MiniiMoU
30 196
116
19
10
44
100
17
Aug.20
Jan. 29
Aug.25
Feb. 25
Mar. 4
Jan. 32
Aug.21
May
28
Jan. 19
Feb. 9
Jan. 30
May 37
Feb. 7
June
Oi
Aug. 10
4 Jan. 8
17=4 Ang.20
127^
34
Feb. 20
82'8 Aug.l7
82=8 Mar. 9,
114
8=4 65 >•
80=4 113
31
57 >»
90 117
61!%
65
994 May 28
874 Aug.l7
1294 Aug.22
5=4 .\UK.20
Jan. 30
72!% Aug.lO
30
17 >«
67
3=4
20
49
1424 Aug.lO 125
994 Aug.24
65
118
Apr. 7
87
46
Aug.28
98
78
Jan.
70
Aug.16
63
50
134 Mar. 12
11
29
8
18
11
187
103
61 >l
116 .
80\
80
16
Aug.20
Mar. 19 142
Aug.25
6
Aug.27
26 Mar. 17' 194
145 May 12. 116
3 Aug.21
197 Aug.ll 1854
118 Apr. 25! 131
20 Feb. 27 18
174 Aug.?6
8
7
Feb. 25
5
25=4 Allg.34
14
1.52
6>«
34
78 >«
163
6
34
ISO
193 >(
133%
3S
11
10
39
THE CHRONICLE.
238
AUGUST
BONDS,
OUOTATIONS OF STATE AND RAILROVD
"^
STATE BONPS.
8ECUR1TIK8.
8KCUB1TIK8.
V
1900
laOB
ClMB
8«, 10-208. MHH)
Arkansas— 1>8, funded....
7», 1, Bock A Pt.M.lSB.
7«. Memp.A L.Rook KK
KR
BR
BR
7* L.B.l'.B.AN.O.
&
R. B.
Ts, Arkansas Cent.
7», Miss. O.
1890
A W.—ContUi'd—
Morria.t Essex— lst,78,
2d, 7a, 1801
Bonds, 7a. 1900
78 of 1871, 1901
Prices.)
l^ek Eaa:lian««
Baltimore iOllio5«, gold, I'J-J
104
Ohio—
Pur.money fund. 1H98..
6b, gold, aerit^a A.
esl gold, series 11,
1908
.
1903
t
I.ADd grant, 3 "as. S. A.
E.T.VarAG.-l8t,7s. 1900
Ist, cons., .'js, 1030
Ex coupons 9 to 12
Divisional 5a, 1030....
5-G3..
Sinkinj.' fund. Us, 1903.
I*. & Mo. Uiv.— 1st, 7s.
23,78,1900
121
7a. 10tt3
(Jvuaol
6b. sinking fund, 1001..
*".
5S,debentint-a, 1013
la.Uiv.-s td, 5a, 1919; 107
Sinking fund. 4s. 1910 9j
lienver iiiv.—Is, 1922..1
1
-\
Plain 4s, lii'21
....
,
lO'il
l9t,
1st,
Ist,
Isl, 5s, T,aC.>tDav.,U119,
2d, 6s,
H.
.t 1)., 7s,
>t
No.,7st
.
1013
120'..; 121
1010
120
1910 117
98^
1'26
1'2«
Ob"-.
I
I
linn
sink, fund, Os,l'.)20,reg.
Kal.
fund. ..a. 1O20. reg ......
103
8int'pfd.del..,ja. 1033. 102
25 years dib. r>a, 1009 .. lolij lOS^j
Escauiiba.vl.. S.-lst,6s 108
Cal.
Cal.
Isl. mi.— lat, 78,'98 '122
107 ll07»<
1st, consol, 08, 1931
Louiav.tfe Na.ahv.—
123Hi 124
Cona(d., 7b
1107
Cecilian Hr'eh-7», 1907
053,1 97
N.O..V Mob.-Ut,tis.l930
80^8
80
2d, 69, 1030
1111
E.11.*N.— Ist bs, 1919.
102 ~) 103 id
General. Os. 11 iO
At.J.Co.A W.-lat, 6a
Oreg. Short.L.— Ist, Us'
Ut. So.-Ge.n.,7a, 1909
.
Long
lojva Mldhind-lst, Sa.. 'IXa
Pfeninaiihi— lat, conv.,7R
Chic* .MIlw'koo-l9t,7a*124'>8
]
105V
Ott.O. P.i .St. r.-lb-t.-is
C.C^O.&,Ind'8-l8t, 7, 8. 11
Conaol. 7s, 1914
Cgnsol. sink, fd, 7s,1914
Gftncrul con sol.. 6a,1934
Chic. St. P.Miii.ftOni.—
Conaol. (ia, 1030
Chic.St.I,.*
t.;nic.»i.i..iv
!
I
.
Peusacola Dlv -69,1920
St. L. Div.— Is ,tis,1921 100
53
2d, 3s, 1980
Kaahv.,« liec- 'st, 7s.. 116»«
S.iN.Ala.-S.l 3,1910 05
Lnuiav. C.it L.- «,1931
Truatbond8,U8,l.. '«'2...
10.40,68.1924
L.Erie*\V.— Ist.Os, 1919
i»i.uoii...oi
— l8t.con.5s
"•/
1019
Div.—
Us,
«..«,.,. n.». .^..
Sanduakj.^.,, ......
......
.
M.-lsI.Os.
bs '.010
;oio
....
l'Lat.l!l.&Lat.l!l.&- M.-lsl
I
Chic.&W,Ind.-lst,a.f.,68-115
IlOeV
...
GISn'l mort., 6a, 1932 ...j
OoI.A GreeTi.-lst,6a,1916
2d, 68, 1026
Col. a. Val. & To!.— l8t Sn
76'ii
118
Bel. t..<t W.— 7a,conv.,'92
Mortcapc, 7a, 1907
138V.--.
Syr.Bing.AN.Y.— lst,78 *135
,
. . .
'
No
,
I
C.8t.P.&M.-l.stas,1918
No.'Wls.-lat. 68.19308r.P.A».l'.-lst,08,1919
Chic*. K.I 11.— l8t.s.f..cur.
Consol., Ist, 6a. 1934
prlaes Vrtdar ; these
INCOME BONDS.
L0ul9V.N.Alb.AC.-!st,6a
General mort Os. 1014..
'Lou. N. O. A I'ex.— 1st. .59
iMauhat.B'ch Co.— 78.1900
91
Or.IlavW.A St.i'.-2d,lnc.
Iml.Iil.AW.-Con., IncUsj
llnd'aDec.A Spr 11— 2d,inc.
97
88-
-JO
80
70
80
94
81
»8
..
'Laf.Bl.A.Mnn.-Iue.,7s.'99
Mil. I,. Sb. AW. -Incomes
OSi-j
—
—
Mob.&O.— l9t,prf.,deben.
2d, pref., debontniea
3d, prof., detieiiT urea
4th, inef.. lUbenlurea.
CI.
A
Income
A
BioO.,
Us,
Do
Id.
ex
O..
100
l()7'i[ llinne
cp.
iMetrop'lifn
an latest
2d
(is.
I-;i.— l8t,10«8<
I.'<00
qaotatlons
.1
made
thla
113
llS-lB
103V101
week.
lat. rng.. 79.
2d. 79. 1013
1900
Coup JUS oir.
W. A Dg.-lne.,
"o
*27
«2S
35
2
33V;
40
60
35
7s.
Ry.— Inc. Ua. 1031
33
FREE LI.ST.
Cin.A Sp.— lsl,C.C.AI.,7a
CnIn. A Penn.— Ist, Us, '91
108
•2d, (la,
on
Pltt8.C.AStL...lat.c,78
"67
77V-
38'4.
I
1888
-
.
.
W.A
Fargo A Southern— 1st. 6.-
Mill
o — Hs,
iron Srr.aiiibo;U
Jefferson.— 1st, 79. 1880
McniiAC- !9teou.'r.L,7s
"ts"
-70
71
A
80
>»
75V
109
72
>
I'ex
110
-,
Col.C.AIr.t:o.— 1 9t,con.,69
Ilea M, « Ft. I).— 1st. Os
nenv. C -lat. Gs
Ft,
Us..
Pa.C'o.'8gnar.4'.js,l8t,cp
Pa. Co.'s 4 'as.Reg., 192
.
So. car.
02
103 Ki St.L.A. A 'r.ll.- Div. bds.
.-Mig. cp.
Gen. moi-t. A Ter.
pennavh'Hnia RIl.-
'
2.5
I
gr.reg.
Aug.
•22
18
17
Mini Div.— Ilic,79.1921
" 'Ollioso.— 2d inc., Ua, I'J'.'l
PeoriuD.A Kv.— Inc..l9'-'0
98
Evauav. Dl v.— Inc., 1 920
9S»i!
RlK'b.APittab— Ine..in21
A
17>4
21
18
32>-j
lN.Y'.LakcI':.*W.— IncOs
lOliio Cent.— Ineonie, 1020
105
111
18 V
17
19
IS-a
77
Lake K.A W. -Inc., 79, '90
Sand'kv Div.-Inc,1920
I
1
N.Y..t.1I.I!'ll— lst,7a.'97|
Trust Co. Ilei-eipts
A Wilkeab.Coal.— '88
i
'Leh.
Sd, 76, 1006
Pac. of .Mo.— lat. 68...
2d, 78, 1891
Epnitiinent, 79, 1895..
Gen'I mint., Ua, 1931..
So. Piu .of Mo. -Ist, 6a
Tex.APae.— l8t.Ua.l905
Couaol..OB. lOO.-it ...
Vi
lll-Tl
cona., 68.
lat, Ua. I'ieii'e c.
»<
06»4
06
-18
Kxten..lst, 7,3,1900
St.L.A S r.-2d,6a,
6a, ClaaaC. 190H
69. Clasa «, 1906
77
(Inleri'tt /mj/od/*- i' ffimed.'\
At,.C.&l'.-l.st,Ua.l9(>.>
Mo. Pa«.— 1st,
79"
,
,
Atl. A Par.— Inc., 1910...
Ceiitrarof N.,I.-1908.. ..|
E.T.V.A(ia.-Inc.,0a.l931
lat, riniaol., Ua.l910.
C.Br.U.l'.-F.c..7a'95|
OO'^slOO
S2V.
81
79.
lOl'.i
1900, reg
59. 1907
Do
Kans.Pac— lat. Us, '95 i09
100
117H,jllH78
118»,
117
,
I
N,W.Telegrapli— 7s, 1001
Mnt.Un.Tel. -s.fd,6s,1911
Collateral Tru9t. Gs...
l-''^'!i-,--v
ri" 75
106 "3-108V.
91
91
'
St.clms.Hge.— lat.lia
No. Misamiri- 1 st, 7a.. 110
West. Uu.Tel.— 1900, coup llSii
I'aeilie— 1st. (is..
gl-iints. 7s, '87-80
1896
Deuv. Div.68,as9..'99
91
so.la.— lsl.ox.,U8
Clar'dal'.r.-Oa.
A Oregon— 1st, fas
Ist, 6a.
08
7a, '88
Omaha Div.— 1st.
Sinking fund. 8a, '93..
Reg., 89, 1803 ..,.--.
I
1'2.>
Ill.,t
So. Pac. of Art/..— lat. (is
So. I'ac.of.v.Mox.. -Ist.Oa
139
107 "-J
A W.—
Q.ATol.-lat,7s,lS90
Han. A Naples- 1st, 79
Land giant bonda,
Pigeon— lat.
70
108
100
95
I
Conaol. conv., 7s. 1907
821-!
Us.
A or.—.scr. K., 6a.
Union
Land
I
5Ha
1
"70
us
•00
Ist, ext.,78.1
lat, St. L. Div., 7s, '89.1
2d, ext., 7a, 1893
Equilim't bds, 7s, '83.;
Tol.
1
"iz"
"sii"'
Cairo Dlv.-Sa, 1931 ....
Wabash— Mort. 7a, 1909,
.
'''
'ii^'
77
Ind'polis Div.-6a. 1921.1
Detroit niv.-6a, 1921 ..j
West. I'KC— Honds, 68..
No.R'wav (Cal. 1— lat. 63
So. Pac. of Cal.— ist, Ua.
127-'4
423<
Hav. Div.— 6s, 1910
Tol.P.&W.— Ist,7a.l917
Iowa T)iv.-Ua, 1921
'79
67^
57
Div.-5s, 1010
C;hic.
IJr.— Us..
San JoHMUin
Consol., cocp., lat, 78.1
Consol., reg., 1st, '7s..
C0080l.,Coup..^2d,t8..
Conaol.. reg., 2d, 7a .
I
Win.Ah-t. l'.-l8t,7a,'87l
2d, 7s, 1907
Mil.&Mad.-lat,6s,190o
& %V.
95
Wab.St.L.APac— Gen., 69I
St.L.K.C.AN.- U.e..78
net M.&T.— lst,78,190i: >122'-.2!.
Lake Shore— Dlv.bouda -iaa-j.. ....
1029
Smk.
ll.'S
PeoriaA I'ek. U'n— Ist.Os.
Pac.BH.— ecu. Pac—G.6s
.
l*8M.*Min'ap.-lst,78
j
Peoria Dec. A Ev.— 1st, fas
Evans. Div.-l8t,68,1920
I
..a.
•
Ot.Wcat'u-lBt,
2d, 7a, 1803
120
112
114
03
63
113
Debeuluiea,7a, 1887 ... 10434
Panama-S.f..snb.6a,1910
Ind.BI.* \V.- 1 at, pref ., 7b
lat, 5-6s. 1909
2d, 5-63, 1009
Eastern Uiv., 63, 1021..
Indiuuap. U.* Miir.— 1 st,78
1st, 7s, ex fund, conps.
Int.* Gt.No.— Ist.Oa. gold
'1112
.
'Or.ATraiia.-'l-6s,'82-19'J2
Oregon Iiuii. Co.— lat, bs.
Oreg'u K H..'!' Nav.— lst,63
Dnb.&S.C.-2d Uiv, 78.
Ced.F. & Minn.— 1st, 7.s.
1123
!
fnnil.
103 V
1
1st, 7a, 1911
ToI.Del.A liiirl.— Main.Os
lat, Davt. Dlv., 6a, 1910|
lat, Tef. trust, 69, 1010.
Tex.AN. 0.-lat,7s, 1!10.5;
Sabine Div.-lst,6a,10121
Va. Mid.-M.inc.,6a,1027|
Ist, Tornl'l Tr., «9, 1920,
let, Min'l Div., lis, 1921
Ohio So.— 1st, Os, 1 021
Orog'nA Cal.— ]at,.U'9.10'_'l
y<
09
C.& I.. Sup. 1)|V..)8.19J1 100
Coupon, Us, 1909
1921
97^, Ol^
Uiv.58,
Mill.
Wis.*
9314 93 »4 'Keut'ky Cent.-M.«a.l911
Terminal as, 1914
stamped. 4 p. c. Hill
Chic. A Northwest.—
Lake shore * Mich. So.—
Conaol. bontla, 78, 1015.
ClevctTol.— .X. bd8.,7?
Conpon.gold. 7a, iyO'.i.
Cleve. P. A Aah.- 7s
ReglBfd.gold,7s. 1002.
BnlT.&F.rie— Newbils,7t
1020..
Us.
Btuklngfunil.
Bfaking
Soilus n. A So.-lat, 5a, old; 101
Ohio Central-lst,69,I920
-56'
69..I
C.St.L.AN .0.— Ten.l..7s *i22"
1st, consol.. 78, 1897-2d, 6s, 1007
;.(iold,5a, 1951
129
126
1
.
liill
I'ac. lliv.Os,
95
"-i
MiddleDiv.— Keg.,
lst,Chic.* l'.W...'>s,1921
Min'l i'l. Iliv., ."is, 1010.
ibflv
Tex.Cen.— lat,s.f.,78,1900
1931
2dcoiisolidiited,7s.l011
1st. Sprin.gtieM Uiv.. 79
iBt, general, ."is, 1932...
Ill.Cen.-Spd.Div.— Cp. bs 113
lSt,S.Minn.liiv.,Oa,1010, 11234 113
1st.
A
Houat.E.,tW.Tex.-.l8t,78
l8t,LaC. lJiv.,7s. 1.S03
1st, l.&M., 7a. 1S97-.
Chic*
Waco
92
91
7U
conaol., nuiin line, 8s
2d, Waco* No.,83,1915
<{Bneral,6a. 1021
ISO
122
Ist, I.* II., 7a, 1890....
lat, C.& M., 7s. 1903..
CouBol. 7a, 1005
l8f,7s,I.& 1". Kxt.,1908
r.
lst,S. \V. l)iv„68, 10(10. 114
N.Y.C.ASt.I,.-lat,68,1921
2d, 68, 19'23
Butr.— rp.,58
'n.y'.w.sii.
110
108
86
Shenanil'hV.— l9t,7s,1909
Conoral, 6s, 1021
1
esv
•2d,
1".-
28, 7 3.10a, P. D.. 1898 .
l8t,7s. $K., U. I)., 1902.
1
lat, consol., 6s.re«..l'J33'
Min'sln.-lat, 6s, 1922
St.P.A DnI.— lat, 5a, 1031'
So. Car. R'y.- l8t. Us, 1920
2d, 6a, lrt31
1'
* Texas Cent.—
M. I...7S. 1891t ....
Western lliv.. 781..
:Honatiui
I
iBt, 8». P. II
,
1
N. Y.P.ifrO— Pr. I'n. 6«,'05
N.Y'.C.AN.- Gen.,68,1910 45'^
Trust Co. receipts
!n.Y'. & N. Kngl'd— l8t,7flt
-.}
1st, 6.3, 1905
5a,
105
115
St.l'.Minn.itMan.— lst,7s
.114'2:115
2d,ea, 1909
Dakota Ext.-6a, 1910.. 115
113V
Ist, conaol., 69, 1933
.........
Registered,
Buir.AS.W.-.M..6s,19q3
N.Y.Sua.i.A W.— Ist,6a.t
Ev. A.T. II.— lat, con8.,bs 109 [....
Dchontnie. Ua, 1807t-..
Mt.Vern'n-l8t,6a,l623 87 -a 100
Midland of .N'. J— lat, 6s 94
Frt*P.Marii.-M.68,19'20 114 |....
-^.. 1105V N.Y.N.lt.*Il.-lat.,rg.,4a,*
Gal. Har..v S.Ant.-l6t,68
li.l. gr.,l9t,. cp.,68
N.Pac—
i*l'>"
2d, 7a, 1005.,
-. 10
„
''
Ua, "121
Registered,
91
\Ve,st.Div.~lst, 58
N.O.l'ac.-lat,f)a,g.,1920i
•2d, OS, 1031
1931
6a.
71
Gen.,
Norf.&W.—
Or'nBiwW..V:St.P.— l8t,Ga'
New River— 1st, Us, 1932 ''
Onlf Col. & S.Fe-78, 1909, 111
OliioA Miss.— Consol. 8. fd
•2d, Bs, 1923
Con.3oliduled, 7a. 1898.
Han.*.Bt.J.— Con.bs.lall
1.6)i..t W.ll.— I on.g'd.as.
Atn.D'ktt n.p.'-Ss, 1921
Chic.
U.—
1
cp.,
Mil.* St.
120
79
<109
2d, pref., 7s, 1894
;
2d, income, 79, 1894 ....:'•103
114
111.—
8a'
1st.
Bellev.A So.
.
1917.| .-.i*--6s, reg.,1017
...
1934....
5a,
col.,
A.
Ext.
Keok. & Dia M.-lst. 5s -100
Central of N .J .—1 st. '00 1.
lst,cons.a<8ent. 78.18il9t
CoBV.,u^8elltld,7s, 1002
Adjuslnieiil. 7a, lilOiS...
Couv. debi-iil.Os. 1908..
C.B.l.&l'.— Os.
|
107V
A
Ark T.— Ist. 7s. 1003,
78
r'y Alj?r.,53, 1931;
StL.AltonAT. H.— l8t,7s
1
.---.
Heorg., Ist lien, ita 1008]
b'nda,7s, 93i ...... 120
!l33i2
Gen.
lat, cp., 7s!
1st, reg., 1903
Deb., 5s. 1901
narlem— 1st, 7a, coup ..
Ist, 7b, leg., 1000
N.Y.EIeVd— lat, 78, 1006
Collatl trust. 6a, 1922.
--...
Cairo
Y
N.Y'.C.<S
B«H.N.Y.*K.-lst.l01« 130 .....
N.V.L.E.&W.-New'2d«s -bJV
«uincy—
Chic.Burl.ct
,
Central-Os. 1887--.
Delt. certs., ext'd 5a
N.
.,
Long Dock
Sd,(^U0),7», 1S98
2d; gniir. ils8),7s,'98
Jtiss. U.Br'gc-lat.s.f.Us
j
Now
lst,7s,1018
lat,coua..fd..'.ouj..,73
let, guar. (564), 7s,'04
1
781a 79V.
.1
Debenture Os, 1927
Atl.ACh.— lat, pr.,78,'97i
'90
Incomes, 1900
42
Scioto Viil.— lat. cona., 79.
St. L. A Iron Mt— 1st, 7s. 114
110
2d, 7b, 1.897
_
Arkauaaa Hr'eh— 1st, 7a II1H3
Cairo A Fulton— 1st, 78., 109
Na.sh.CIiat,.,t St.L.— l8t,78
---•2d. ea, 1001
57
1
77'ii
Consol., lat. Us, 19221.. .j •91
Rich. A Aileg.-lst.7s,1920| 64
Trust Co. KHjoipt-s
Rich.A Danv.— Cons.,g.,69 i'oT'i'iM'i
6a. .|
cSi Ohio—
Coll.afer'ltruat. 6a, 1892
lat. Bxtttnsion, 6.s, 19'.!7i
Morgan's l.a.A T.— 1st, 6s'
il':cm^B.?Sid:-78.i92o. i25--ii26;
li"
...;
Bt.T..Jack. AChic— 1st no's
Con., lat.oxf., 5a. 1922.
113
General, 5a. 102tl
Cons., 7a, 1904-5-6
Cona.. '2d, income, 1911.1
H. & Cent. Mo.-lat. '90^
Mobile
1
Eoch.Al'itt— lat.Ua, 1021 110
1
Pac. Ext.— lat, 6a, 1921.
I
Altoii-
I9'24
Mo.K.&T.—<fon'1.68,19'20
-^-
niorl.,7.s 1893......
9;
S'thw.Bxt.— Ist. 79,1910
Eliz.C.* .\'.-K.f.deb.,c.,68
let, 6a. 1020
87
,Eliz.I.ex.it liigSandj-—68
Erie— 1st, extended. 78-.- if'',
I'ljl
2d, extended. 5a. 1919
3d, extended, 4ias, 1923.;*10b-'4
4th, extended, OS, 1920. 112
6s,oU3'vencv, liH8
93
2d, 7s, 1891
.
Mortgatju ba, 1011......
Ches.O-AH.W.-M.
Mich. Div.— Ist.Gs,
|Det.Maek.* Mar<i.— l8t,6s
G8
6a, 1912..
5s,
Miun.A St-L— l»t,73,19'27
Iowa Ext.— Ist, 7s, 1909
*
««., 5s. 1013
CeStral Iowa- 1 at, 78,'99
East. Div.-lst, 6a, 1912
132 134V
Clev.APitts.— Cons.s.fd.i 1'29 130
100 V
1892...
8.
fd..
6b,
4th,
St.L.V.AT.H.— l8t,g.,79 118
2d, 78. 1808
2d, guar., 7a. 189S ....
Pitta. CIove.A Tol.— lat,69
Pitta. Juiu',.- lat. Us, 1022
Pittab.McK. A Y.— 1st, lis
Rome W.A Og.— lat,7s.'fll 110 Hi
3d, 7a, 1912
Mil.f..S..t\V.— lal,«s,1921
-.
Aak
Bid.
Pitts.
100
100
1931
llegiatered, 58, 1931
Jack.Lan.A Sag.— 6s,'91
M1IW.& Ko.— lat, Oa, 1910
lat, 68, 1881-1913
l8t» Pa. lJiv.,cp.,78,1917
Ist, Pa. Mv., rug.. 1917.
Alb. <fe Susn.— Ist, 78. . ..
2d, 7s, 1885
l8t, cons., guftr.7s. 1900
Isl, cons., gu., 6.a, 1900
Bens. Sar.— lat, cp.,78
lst,reK., 7a, 1921
Denv.A RioOr.— Ist, 1900
Ist, conaol., 78, 1910...,
'nen.So.I'k.itPiiC- Ist.isllen.it liioH.Wcat.— l3t,68
.
.fc
1909
Coupon,
.
1801 .-1891
Registered, 79. 1894
1104'*
I
Minn.itSt.i..- l8t,7.s.sn.
la. City A West.- Ist, 78
C.Bap. I.F.cfe N.— lat, bs
let, 5», 1921
BuB.N. Y >t l».— Cons., 6s
_.General, 68, 1024
Can. Bo.— lal. int. guar, os
!M,6b, 1913
vt
iio
1899
Ft.W.A C— 1.3t.7a| '138
Pitta.Ft.W.AC— 2d,78, 136
•41 In
6s,
let, est., 7s,
7b,
•:----•:
Bnr.C. Ka». *i >'0--l8t' °^,
Conaol., lal. 5s. 1934 ...|
IjSt
58,
Penn. R R.— Contlnned—
Mioh.Cent.— Cou8.7s,1902 '125V
Consol., 59, 1902
Coupon,
,.-
DiT.— lat.
143
Del.A ilnd.
|
Ist. 6s, Parle. Br., 1919.
Clileago
...».
SECURITIES.
Ask.
Bid.
79, 1911.
Ist M., 7s, ex-cp.,U,7,<S; 8
Lack. it W.-lat, bs
Construction, 58, 19'23
(-'anal- l8t,7s
N.y
"iih> "72
Pac.-l»t, 05,1910.
Cbesapealib
Funding
I
SECURITIES.
Ask.
Ist, consol., ginir., vs.
Atell.T.<tS.F6-4V3.1920
SliikiugFmid 6», 1911.|
IJl.
11
111
es.defeiTed
Dlatriot ol Oolambla—
3-65a, 1924
Registereil
non-lundable, 1888.
Brown conaol'n 6s, 1893
Tennessee 68, old, 1892-8
S«, new, 1892-8-1900
Mex. Cent.— Ist.
Del. L.
gs.gold. ifg
40
40
80
49
60
10
68, cousol. bonds
68, ex-malured conpou6s, conso!., 2d serteA
—
1
Bid.
SECURITIES.
Ask.
Bid.
;
]^ilroad Bonds.
iS
—
,
I
49
56H 67
C'mp'mlae,3.4-3-68,1912
Virginia Bs, old
63, new, 1866
all classes..
RAILROAD BONDS.
SECURITIES.
Atl.
Tennessee— Contln aed—
6b, new series, 1914 ...
Wil.O.ARu.B.
Con30l.43, 1910
69,1919
lohio— 68, 1880
Soulb Carolina—
68, Act Mar. 23, 1869)
110
lis
6s,loan,1893.. ....;J--- 117
30
N. Carolina— 6B,old, J.&J.
10
Pttndtai; aot, 1900
7«.1886
SECURITIES.
Ask.
Bid.
Do
68, loan, 1891
«8, loan, 189'2
G JOTS 1ft— 68,1886
7«, gold.
Special tax,
,
58,
C, 48,
li,
2S, 1885.
N. Carolina— Contlnned—
New bonda, J. AS,, '92S
Louisiana— 78, •on8.,l»14 80
68
Kx-uiatured coupon
103
Missouri— 8», 1886
6b, rtnel8>!9orl890.... 109
Asyl'm or Univ.. due '92 112
Funding, 1894-95 ...... 118
Hannibal A St. Jo., '86. 102
New York- 88, rog., 1887 103 "u
AliDama-ClRsa A, 1906
«Jli«a
BECUBITIKS.
Ask.
Bid.
[Vol, XLI.
100
117
St.l..-l.st.'l3.1!'10 •115
118
THE CHRONICLE.
A.UOUST 30, 1888.]
Quotations in Boston, Philadelphia and Baltliiior.
New York
HKC'UUlTIKS.
A*k.
Bid.
Omn.
jv
.it-lat,7«.
71
!
JUi
13A
,r
um.
0.,'89
.
I'rm
week ending Ani?u«t
Alo
111
••'
8«
A LowoU— 7*
6a
Joaton A Prorlrtenc©— 7a
Bonion
Bnri
N.
Mo.
it
(tr.,7a.
118
Kxempt
lltf
1118
-I.il.
N.
'
>
.
\
Nou-ei'ut
.
<..
.,,w.«_7«.'
'i.(;o.-8»,'»7.
"•1;'
—
•
Ut. 7n, oon.o.
'
Clial. \l., Kin, IMHK
• -7)1, reic.
iioiip
... |('i.iiii"r-t\' n», I'p., 11)00.04
New
A
A
,
W'l
r22
••Ml...-I»t,7», IHHK
'•"'"""AAnill'y-58, 1930
.no".
'aaH/Ki .t\vni»p't,-r«t,««.ioio
';x...J
Vow York
123
\fereliaiita*
.Meclialilca'
-liit,7>.
l)r
110
.
Manhattan Co
8. HI 1
7. 1121!
...
Union
,
Ainnrtna
,
Pbenix
,
Piilt/On
4M)«00
sii'siM)
110
.
Income
9
74
Scrip
Oen., 04
I.eh.V.-l8t,B8.C.AB.,'98
Hi'
7l'»l
Iicbenture, lOn...
N. Y.AN. Knglan<l-6a..!}108Si
ll7Ki
7a
108>«
2il inort
V. M»xi**o
8o. Pao.— 78
Ofrdeiirth.A L.Cli.—Oou.6e
2d, 7s,
3.781,8.111
4-il.'.iol
Cons. «8, t;.A 11., 1923..
N. O. Pftc.-lst,«8, 1920.
Vo. P&nu.- 2d, 7s, cp. '96.
2,'2B».500
A
Iiu'iiine
Old c.ilony— 69
PaeMo A
Ark. V»l.— 7»..
RullaiKl—8«, Ist
8onor»— 7s
123
124
lOiSl
10.^
Atlantic
97
A Topekik
70»i,
.t Lowell....
Biisi.ii, ,t Mi.luB
l;.i
'.ir;.t Pniviilpiio«
Hi, :Mii c.^vero B.
li-O
,
A Lynn
PO
CauitJiMl o
i*hil.
Preterred
Iowa
Kan.
Kan.
Falls
53
118
771a
lilO
A
A .SprtnRrd
Mem.
A Ft. .sniltB.
A
LoulHiana
?5'.
Mo. River..
17
I
107
MetropoUtaii
»«
Hoxlcau Central.,
A
l^aahua
SI
J.iO
41)0
Lon-ell.
U. Y. A Xe\r Knfdand ...
Northern of N. Haiuiiah. lai
Norwich A Woreeuler
...
t
Old Colony
Champlalii
Portland s.uo A Horlara.
Ratl.iud— Preferreil
'0;cCdonHli. it L.
6uinniU Urani-h
"Worcester Xasli'aAHoch
Wisconsin Central
"8H
$8>4
'18>»'
li-a
14
<3
ftAII.KDAII STOCKS.!
Buffalo S.Y.
Preferrml
Caiuden
A
,
Phil
o\
Atlantic..
Preferred
,.
Caiawih.-i^fc
.......
2d preferred
Delaware. t Brmnd ilrook
Ka!*I Ci ntisylvanift
£]iiilra .t WilLlatiisport..
A
91,
20 s
68 <e
iS8i«
Little -Iriiylklll.,
63'
58''^
Minehil!
01
Prerene.l
Soh. Haven...
,t
:Xe^'l.ie:i.niini?
Norf.ilk
Valley
A Wosfn— <;om.
A
V ni leil
iti.A St.
.\
.
J
«5
517
21
109
T.el!'^h .Vaviitallon
Pe!i!i-v vaiila
ee!iiiviki;i .Vuv., pref...
KAlJ.UdAl. BONDS.
43',
A
41
HI,
4118
120
Plttsb.— i»t,Ba
old,
w
4,740.itO'l
1.2110 31)0
530
l,«|^ 100
143,500
144.0. M)
l,2-'2.0fiO
1.0.19. .'.00
2^3,8(m
67,000
12H.100
410 1100
322.900
3.6.Sh. 7.1(1
l,«:iH.O)0
2,871.200
1.213,100
6:i3.(;flo
121.300
287.B0O
1.037.HOO
2.019,200
272.400
n.i.iioo
MdB.HOO
3lo..^oo
3.918.000
17.815.000
Schuylk.
50
12
lat.Tr. Ss, 1022
Birtr.Wtt«.A
nen'. '.en
4
1104
114
iil'l
10.
4
3d.'4
"
94
10.-',
1-Jii
123
214.700
O.l.OOO
;, 070.300
302.(100
3.157.000
378.000
5.08.-,..00
4,7116.100
1.721,1.10
^..^o7,9oo
30O,0()0
42(1,700
3fi,000'
14,403, .(00
.'(,07,101)
2,(.»ll.7()()
Central National..
7.7.'.2,00;)
Second National..
2,00 ',000
4.811,010
2,758.000
030.000
607.000
300.000
517,300
2.019,700
433,800
4,318.301
1.203.700
Bowery
N. Y. County
1.984.700:
Chase National...
Fifth Avenue
Oerman Ksch'nge.
272.200
48i.l00
42^.100
1,7.-.S,100
United .states
Lincoln
2,i-2.1.5()0i
2,028,iOOi
oarOeld
26 ',800
1,288,90..
432,300
140,1!
;.2IM1,
9,f.';!».000f
3,V()-I.0()0l
6,102,70(1
•20.21.i,.i(IO
5.1-3,0(10
1.218,800
2.245.700I
2, 1 1 3.000
2,498,100
249,70'1
180,003
145^00
3.lit>8.7(lO
3.20'),200
130.100
301 '.)1)0
46«,7O0
74,900
660,800
l'79.70f!
223.7(10
3.115,800
2,021,900
2.471,200
080,00(.|
217,501,
1(15.400
33(1.800
113.(100
I)
317,554,700
18,68
194.500'
2 O.IJOO'
187,5 ft
232,100
45 0:0
221 300
180,000
297,000
35,400
45,000
423,400
95A..>00
21si..)00
l,217.40(i
4jB,50((
1.219,100
1,129.400
3,02 ',0(10
1,440,100
1,332.900
iW.t'oo
989'.flOO
2,019.11.10
181,900
781,100
732,000
170,000
331, BOO
1.8IU.900
B.0"3.000
1.800,1(00
2t.7;<s.O00
•23.'-03.51IO|
191.-.00
4'iij,;oo
O'-rinania
The
:.74ij.Bi)0
'2,"4I,400
1.5-.'9,0O0
227.00(1
l.il.300
4.9.15,300
l..'>6 1,300
1.914.900
2.548.5(0
2,940.200
riiian.Aineric'n.
(J
22i,00.1
180,000
3,107 700
45,0(10
l,2(|-..80fl
1.14».^2()()
179,000
184,000
3.042.900
1,9.'B,00
1,304,700
1,906.800
191,400
40,322.700 391..J0J 900
following are totals for several weeks past
Lfxint,
Specie,
s
s
IMpottiit.
Oircfilall^on
CIttn'tt
4(717.
*
::i'/,85 1,200 115080.500 43,259,(100 3^6,828,100
15 114,9. 0,'0) 114.111000 i-2,001,l(.0 118,239,300
22 317.554, 70i»lll3970000 4",»22,70(l 391,801,900
9,6-'9.2no 392,424.347
9,-149,(.>(10
.97.951,707
9,(144.000 5IO.39a.4B2
Hanks,— Following ai-e the totals of the Boston banks
Specie
L, TemJsrj,
S
$
UtposUt.'
C'(rcu)attuiil
$
I
CUat'iiM
ij.;.
$
IK
8,779,200
3.194,000 11 1.4 2S,B00 3
49,310.87.1
I."i3,.'75.'l(l0
s,73'l,,10ll
6l,(iOi,Bt)2
2iil52,9ii5,.'.00
8,702,100
5,08:1,1)00 i;-J.il4
J.72J.000 lil.9-'4,JOo|.i'.,015,3.io'
1, 734.2011
1,7(10 21,(111,000
Uauts.—The
Loaru
i>fpojiit^.*
$
Ang.
78,91 .-.000
77,2iO.'iOO
78.2O2,..00
*[neliiiling the
n-.i
89.032.883
4 2 584.'M1
7,429.8.iO
7.13 ...0)
Unlisted Securities.—Following are
baq^a
[Circulnti>,n, i<n. Clear'et
»
7,993.400
28.1(18,900
28,073.soO
27,532,700
.l.i" r... otnor .lhhc..."
-i
01,814,059
totals of the Philadelphia
L'iw/uf Mttney.
.o.i)j.>.a»9
latest quotations fair a
piist:
105
12^4
i;nlon
117
....
....
SfcurUlea,
118-^5
Pac— sto.k....
124
A J. 10i4
IUI4
this week.
.1:
IC.—
T.A West. - Ob.
N. V A Philadelphia
Uoir.
...--
Trust
B'kly
2.1
.
;
iKin.ls, Bs ...
Kiev., St. re (eiptl
M„
or
wheu
ls.su. (d.
iMt lion
Chicago
.t Can. so.—
Com. Cons. Imp. I'o
Uenv A Rio o randfr.-Con
5s
Oenv.
A
1
I
Ask
..
IIender.,ou Brl.lge- st )ok
1
30
l8i,
I
1:4
POiial Telejrrapli— Stuck
Iftioojc. Hh
SoiitUeru 'IVl.— Ui M. b<t9
69
dtMlM Ol
ao
.
134'
141
1*4
OJ'j
9^
h
13
ri»UII.--''>ttl-'TU't.3*
6.4
94
ti-4
A
4......
...^.
-trrip lH-i5
1
4'
38
8741
„.
U
-II.
l^fl.lil.Kr.je iiic.it-.
12
33
Vif
,
..so. av
4H*%!.
iMtmart
^^
3dtQur(..
/'
>itto«Utt*a
Inooio©-*
.,..
llw«>»t .-^.OoruUnm^lstM.
iiVl
S2
ft
1
•
Tol. it 0. Ct'u. iHtan, «r.by
Col. A J lock. V»l. itH....
n
4^
1031, Tex. *»£.* t. L. )I JiA Ui v.,ti«.p
M.A \. inv., iHft III m..
54!
lucouxiiA, ikta. pi\
1204:
64
19^
1
|1«7
I
P5
-
94
.;.,.
I*
SettleiiitiuL,
w..wtkiru-.tcor.
St. Ji>. Kii P;i4'., lab tr. c«r.
2il trust cer
iTeita-* Ji I'ac.— Scrip l/?8*.
:-(4
(.
avt
6U
»ettle.iiuut, 5s
St. Jo.
M. IC.AT.— luooiua acup
47N. Y, il. Un. T«).— .st«.>k.
N. T. W. sh.* n.- Stook.^
Bccelvets' cert*.
T
.
mort
PohUI l'»l.itiC4bld~St(>ck
494
934
44
Pref.;
lat mort
Weatero
S3 4
Ist
2.1
Kans. A .Neb.. Istli'toer 1:0
2d trust oer
52
Mexican National
<ft
7.
804
iu
17'!
Atlautic.
moic
Pitmtmri;
I
'
102^Ta
Mot4ir
&
Peit^iUtoIa
-9
4
79C4
8
Iiico;iiMti
I
43-.,
.
,
'4
40>g, 48
Riolii.W
l8t •iiori..K-«
ly
,
9)
& B. rooTg. cert,
.VorvU. F.ic." uiv. Uuitiid
North KiT. (Mas.— 100 p.c
X. J. ijoiiiberii
<lUio Oeu(.— KiT, DlT., l-tt
•n
New stock
llo.1t. II.
Ke.
,
Bit.
•iecurltie*.
~74l ~74'l S.Y. Vf.H.
iiiort
Bosl. U.
Bonds
r.oj
Aalc
BUI,
I
.It
Mdl-.on Kleetilc Llifbt
Kiiali. OisCo. of .N.Y...
(Jooixta Pao.— Stock
110
Las pnoe
4B1.-'|)0
Park
North niver
East Ulver
Fourth .National..
Pref
104
Plttsb.AConel 18.-7 sJAJ
j
tso'sco
2.-'B8 40(1
l.liiej.sOO
1,320,100
2.080 200
Oeu.
1 0,1 "8
ads
No. Central— I ij.!, J. A J.
Bs, 1900, A. A u
63,gold.l90O, J.AJ....
m deiaiUt.
190.C00
221,800
239,900
a. '^71,1.10
17.141.1)1)0
45,<100
2.750.300
2.785,100
30:1,70(1
40.''.,300
213.000
Third National
N. Y. Nat. Eioh..
4aJi'.6oo
212.600
699.900
ITH.HOO
4tiU.lO0
li).353,l(l(.|
«23,loo
890.800
41 OjO
4.:lB0,7OO
9.77(1,300
3 0S7,00(1
2.1178,100
1.020.700
land grant....
Bank.A.Mer. h Tel., 1st M.
lo'-i'-.;
A
W
2.8 11,300
5 9 1-2.300
4.30<.OOO
1.802.600
437,800
2.4(0.000
2.571.810
2.43 '.900
Acciiiiiiit.
1;2
Oreeuv.— Ists
1st, g., J.
118.600
410.^iO0
2.88.'..
.Ninth .National...
First National
"iVido
5.327.800
7.609 000
7.')(10(V)
7,222.400
17.89.-.,80O| 5,014.000
l,6r>.).(IOO
227.000
1,093.300
223,.-.00
Atlantic
l»t Inc., 58, 1931.
2d,iief., J. A J
2d, {.nar. by W.Co.,J.<fcJ
Bs, hil, gnur., J. dt J....
WUm.C A A ig— Bs
Wll.
Weiaon- 6.1
273.100
«..|>
381.200
44,700
3.020000 21.000.1.00
8,02.-,.4i)0
2.991,000
Continental
Oriental
rmportera'A Trad,
*9\
^9
8s..
....
.,
.
8t. Nicholas
Shoe A Leather..
Corn ICxchauge ...
week
95
Vii
W.Md.—fls.
I9*il
Per share.
49
KR.— 1st, )rua.JAJ
Nassau
Market
292, .-.CO
1(
&
50
50
.,
Canton eudnraed
A Tenn.— 5s
Ist.l's, iBO.'.
;75
1224
1(12
11
Irving
Oltlaons'
1885.
130
1164 118
Series
50 1, 300
50 1.1 00
Phiiailelpliia
are as follows:
iob"
fnc
Ball.AOIlio—Us„'85A.AO
Cen. Ohio.—fls, lst,M.AS.
A
087.200
100
3.007.300
...
Hanover
15
AtlautaA Charl.— iai...
6s, .Series
ll'2..'.()0
110
100, 107
2d8
3da
132,i;oo
Ailg.8 162,058,200
80 4
Bait.— Ista.
l,n3»,.-,00
Loons.
79 "a
Aag.— 1st.
3,791.000
Itogton
Vttunta ACtiarlolte
ttaltlmore
o lio
1st pref
2.1 pref
A
Wash. A
6,5-!7.6()0
105
67
i;ol.
Repnlilio
Peoples'
Nortli Anieiioa
••
02
2,510.000
Chatham
Ang.7
\
1.3111,500
8..)27.000
M.04S..'.r)0
6.412,900
0,413,700
2.5BS,5on
••
NaT.— lst,Bs,rg. 100
Western Marylaml
3.012.81)0
12,180.000
Pacitlc
US
M, 6s. reg.. 19117
BAL,Tl.tl<tK.K.
RAILU'D sl'UCKs.tPar
Central Ohio— Corn
Pref
..
101.100
1.2.Hl.-.!ilO
8.539.600
1,214,400
1,671.600
475.900
I.BSO.OOO
933.700
1885.
7.1
I
1.21B.000
state of N. Y
Ainerlc'ii Bxcirge.
Cotiimeree ...... ..
Broartwiir .... ....
Mercantile
98
117
Bo,ioo
Oallatln ."National..
1014
il:,i
Ponusylv.— Os, cu., 1910..
1127. Olio
1. '131 70(1
2;i .".111 10(1
2.((.'il.H
Sixth National....
80
110
119
116
237,000
2
24 1,300
Total
100
100
114
I'.I.OS'i toil
l.-."..7.)0
8.S4.4.I(I
We.si 81 '6
ill
3.21.1,(1(10
J.92T.4')0
Scab ard
40
25
2."0 '..(lod
l.'S..14I..'iOO
National ...
B'k of the Hetrop.,
60
:l()li
1(1
Merchants' Kxeh
Oheniloal
Fifth
ad's
7S
VirKinia
Consol., 6s, 1913
BufT. N.y.k PUll._l»i,(Ji
ad, 78, 1908
»
24
VTa
111*
iin.
3d, 68, 18S7
•Kx.dlvldeinl.
34
2i
40
20
39
23 4
AD«1.— l8t,Us,1886
Coluiuoiatfc
Bell's Oaji— 1 St, 78, 1893.
(is,
»1
Lehigh Nav.— 6s,reg.,'84.
Mort. RR., reg., I.S97 ..
Cln.
l»t,Cs, lea., 1908.
Belvlil'e Del.— Iai,tie.l0d2
2d, e», lHh5
Cons,
A Titnsv.— l8l, 79.
Cons. 68. 1 909
W.Jerscy.feAIl.— l8t,6s,C.
Western Penn.— Bs, coup,
68, P. B., 1896
Oen., 78, coup.. 1901.
2d
.
iJ.lOa. 'S J
76
80
United N. J.-Con8.Bs,'94
Cons. 6s, gold. IWOl
coua. 6s, gold, 1908
Charl.
193
78, a. ex\., l&lo
Inc. 7s. end., c^np., 'E4i
Aahtub.
Union
RAILROAD BONDS.
"if';
West Jer.sey
Weet Jersey A Atlantic.. 39'4
CAN.M. .STOCK.S.
Atlegh. Val.-7
52
L.— Com.
CoQix>anioa.
.
08,1905
Parkersburg Br
Pliila.lelphiaA Krle
Phila. li.t. A Novrlstown
Phila. .Newtown
N.Y
Phila. ,t !t,,'adiuK
Phl!a. Wilm. A Bait
1MM1..<
A Pac— l.it.
A
51%
Pref.TI-e.l
TCiTHi.Tii cieniml
^"<ni!i f'.imrtylvaula
P'nrMvlv:iiila
lis"
"as'
Sunb. Haz. A W.— lat, 6>
2d, 68,193S
Syi.Gon.A Corn.- Ist, 7s.
Cons., 7s, reg., 1911
Broad Top
\'alley
A St. L.— 7b
Pitts. Titus. A B.—Tb.cb.
ShamokluV. A Poits.— 78
Chea.
,
I.ehiirli
lis'
CANAL BONDS.
l8t pr-fejTed
Plelelied
Huutiii-<tl n
Prefer, ed
78, K.C., 1803..
cp. off, Jan.,'85
Ball.—4s.tr.ct
A
Pittsburg.'.
A
9i
7fl,
1923....
Warren
P.— Ist, 7 s, '96
Westchester -Cons. 78..
W. .r er.sey— 1st, Bs. cp.,'96
lat, 78, 1899...
Prelerrod
Boll'H i»ap
Conv.
Oeu.,48,
V«Uey
A
58, latser.,0.,1922
58, 2d »er.,c.,1933
Cuusol., 68, 1905
83
PUII/AI>EI.PiIIA.
AahtHliul.i
92
74 V,
70
Tex.
Preferred
Allejfheny
121
i
Imp., 68, K-, couji., 1897
Gen., (>s, g., coup., 1908
Gen., 7s, coup., 1908
Income, 7s. coup., 1890
Shen. Val.— lat, 73, 1909
Oen'lOs, 1921....
Income, 6.H, 1923.
Income, 6s, 1914
ieo" .Snubury
A Erie— lat, 7s.
.80=, 1«U'..
14 >.
121
1211a
'Phil. Wil.A
Pitts. Cin.
no'"
—
PrefeiTetl
•......
Cons., 73, refc., ,911
Cona., 78, coup., 1911 ..
Cona., 6s,K., I.K.C.1911
Cony,
>i
Prnfcriii-l
Mai UP Central
Marq. HdUKlii'D A ODton.
0s,cp.'87
Conv. Adj. Scrip, '85-88
Debenture coup., 1893^
Scrip, 1882
C Spriii^f. A
Kock
110
A Brlo-1 st.78,cp.'88 aod
Cons.
Cons.
Sioni City.
CMn.
C.
little
118Siil20'»
A
Flint A Pure Marquette.
Preferred
rortSeiiliA Oulf
95
129
1293,
127 >a 128'..
1)841121
resr
Phtl.A R.— l8t,B«.1910..
2d, 7b, coup., :893
2'(
PltchlMirjf
si,
60
Cou8.,(ia, 1920
Cons.. 5s, 1920
Phila. Newt.
.V.Y.— Isi
Clnu. sandUHky A Cleve. ""»»',
JlOB
Concord
..i«l71
Oonueotlcnt Klver. ..
Conn. A I'.ts^ampHlo ...
Clevil iM.l A C;aiton
Del. lii(tiHM)<A So., pref.
KaHtcni, MadS
6a, coup..
C—
t'erkioinen— 1
i'ii'
A
48
«s.
Cons 5s, re)?., 1919
Pa A N. Y.
73. 1890.
7,1906
180
Clieshii'u. iirelorred
Wt^at Mlchlsan..
Clllo.
924
1113S) 10.^
Cons., tts, l-etr., UI05
Coua., «s, coup., 1905
Vw
llu
Bostrtu
Creek— 1st,
Peunsylv.- t)en., 68,
Oen ,68,cp., IHIO
7^1
.Vlliiiuy
CityAChlc— Ist,
1)11
'>ll
70 >»
P^vclUc
,fc
A
Bo8ion
8«
N. H. Iiiv., 1st, 8s. 1932
N. y. PhlL.ti .Nor.— lat, lis
Ine.,iis, 1913
HTOIIKSI
Atohlaon
13J
Debenture Os, reif
Norfolk A West.— Oen.,6s
.1.1
II. :i' :l Miio
l.:^H^.6oo
IC.DsO.OfMI
Leather Mannrrs.
Seventh Ward
Oen, 78, 1903
2^<3.0
((;
:i
1.1'J0.310
3.'ia.80l
814.100
., ......
(ireeuwlcli.
70
(lie (KM)
11.219.400 2.h;..^.0i)i
.'>.('.!. 001,
3,140.000
7.>i 11.700 11.23 1.1(10
Butchers' A lirov..
Mechanics' A Tr..
124
138 Si
12B
1910
reij.,
^
i
;
.
,
S.
'
7.781. (.
Tradesmen's
I
17.
13,72.1.
Olty
!,-».
F.
K
;i>...J 119
.%s, porpetn
porpetiml
\
K. Lily l.uwr. A -*n.-«a..l
ltaiTisb'(5-lst,lls, 1883
I'JS
K. fltySt.Jo. AC. I1.-78!
H AB.T-l8l,78,K..1890 111
tlttli) 11. A Ft. H.— 7a, l«t: ias\
Cons. 68, 1895
111'
K. Cltv sti'rt A Mem.— Ot
rthaoaAAMi.— I«t,(c1rt.,7«
"ii't 4l'» Jack. A «oub )'m— l8f,08
Hexlcan Central—7b
thati
»
130
ll8<g i22'-j
A lit.. dell. H»,
it.r«..tiip.,V
1
.
<"
of—
ntlisr
TnuZTca.
Aluiwy— 7a
at.
Ammmt
BaiUif.
<.K.,'»:i
,
.i.>-7«
Boitiou
New York
83. 188)5:
Artratt
:15
huowh the
Citv for tha
followinKMM.i-ii.iii
Ranks of
Aawxriate.!
thi.
Tfiaig'loiiH,
Mol!
138
Banks.—The
City
oondition of
BKObRITIKS.
>SV»
...I..
71
7»^
i
i'2
8H
I
,1
ea.
to
il4
80
'KT-
TR-
THE CHRONICLE.
210
XLL
[Vol.
RAILROAD EARNINGS
and the totals from Jan. 1 to
given below. The statement includes the gross
earnings of all raUroads from which returns can be obtained.
The columns under the heading "January 1 to latest date,
furnish the gross earnings from January 1 to, and including
the period mentioned in the second column.
The
latest railroad earnings
AND
latest date are
Latest Earnings Reported,
Jan.
1 to
Latest Dale.
Soads.
WeehorMo
1883.
1884.
1883.
1884.
601,244
.•i89,702
7,227,238 7,646,815
113,072
16.686
149,510
577,861
101,965
653,542
269.07H
10,714
261,513
2dwkAug
46,398
47,687 1,730,122 1.563,084
Canadian Pacltlu ad wk Aug 175.000 133,000 4,778.827 3,049,411
wk
Aug
33.327
727.963
86p,529
3d
28,460
Central Iowa....
219.5:;2
257.262 1,566,415 l,7U,2o5
Cliesap. & Ohio June
52,761
322,961
58,056
316,008
Ellz.Lex.&B.S. Juue
701,ii25
610,974
113,361
94,276
Cites. O.&S.W. June
Aug
176.249 22 ',174 4.831,760 5,216.032
ChicaKO & Alton 3d wk
1,992,483 2,077,182 12,372,968 11,616,021
Chic. Burl. & Q. June
9.10,354
38,03'
42,204
938.970
Chte. & Ea.st III Jd wk Aug
CUc. Mil.& St.P. 3d wk Aug 397,000 403,540 13,678,000 13.578.615
446.00(
461,100 11.029,789 13,954.201
Chlo. ANorthw. id wk Aug
102.80u 3,288.839 3,465,653
114,500
Cli.8t.P.Min.A0. 3d wk Aug
970,282
27,593
782,712
27,042
Chic. & W. Mich ,id wk Aug
48.375
56.335 1,452,263 1,468,128
Clii.tnd.8t.L.&C 3d wk Aug
222,929 226,702 1,430,606 1,436,327
Cin.N.O. &T. P. July
28,444
37,638
939,231 1,033,827
Cin.Wasli.&Balt. IstwkAug
239.464
10,674
289,723
9,899
Clev.Akron&Col ^d wk Aug
252,661
300,649 1,595,607 1,793,862
Clev.Col.C.& Ind June
8J,83fi
18,549
94,854
18,497
Danbury & Nor. June
Denv. & Rio Gr. 3d wk Aug 133.305 104,998 3,65 ,825 3,313,476
4118.161
86,175
45,712
516,021
Denv.&R.G.W .luly
t,600
8,557
217,919
203,487
Des Mo. & Ft. D. 3d wk Aug
23.231
I>et.Lau3'g&No. ,jd wkAug
25.503
7(17,374
819,9a0
522,65i
Dub.iStSiouxCity 3d wTc AUF
16.700
17,071
544,446
E.Tenn.Va.&Ga. July
298,824
278.037 2,190.312 2,142,310
446,!198
EvansT. AT. H. .idwkAug
18,238
21,423
446,188
Flint & P. Marq. 2d wk Aug
34.346
41,777 l,l.'iO,196 1,470.336
Flor.E'way&N. 2d WkAug
12,099
11.817
598,129
613,647
Ft.Worth&Uen. July
49.067
260,463
284,465
50,359
Gal.Har.<& S.An. June
230,162 126,099 1,397,383 1.293,488
GrandTiunk.... Wk Aug.22 293,547 342,432 9,382,625 10,635,023
Gr.BayW.&St.P. June
30,166
24,631
Gulf Col. &S.Fe July
135,421
724.326
896,907
126,432
IU.Cent.(Ill.&8o) 3d WkAug
210,700 222,474 6,4S9,777 6.096,581
(Iowa) 3d wk Aug
Do
31,300
31,242
».59,320 1,014,423
fInd.Bloom.&\V. 2d wk Aug
61,243
56,087 1.37l,b92 1,360,140
K.C.Ft.S.&Gulf 2d WkAug
32.783
44,467 1.520,718 1,429,087
19,454
23,080
964,922
678,561
Kan. C. Bp. & M. 2d wk Aug
Kentucky Cenfl June
62,249
68.576
383,492
377,169
76.356
I<ake Erie &\V.. July
71,782
236,914
L.Rk.& Ft smith June
31,957
32,929
245,284
Ij.Bk.M.Eiv.& T.June
152,164
17,746
22,909
143,177
liOnglsland
3d wk Aug
87,787 102,801 1,826,803 1,794,077
264,739
41,775
50,805
227,251
La. &Mo. Kiver. May
Iioulsiana West. June
43,379
14,664
287,813
227,801
IiOulsv.& Nashv. 3d wk Aug 241.265
260.580 8,597,688 8,373,361
Mar.Hough.&O. 2d WkAug
27,909
28,879
464,746
541,551
Mem. & Charles. July
83,816 105,4"
695,140
760,572
{Mexican Cent-. 3d wk Aug
56.000
60,787 2,319,3150 1,777,491
6Mex.N..allUnes July
113.665 121.075
928,585
957,621
Mllwa»ik(e&No ithwkJ'ly
14,00-i
14.424
318,99!4
293,205
MU.L.Sh.&Wesi 3d wk Aug
31,955
21,010
749,546
699,550
Minn. &bt.Louls June
835,5'*2
163,333 119,076
945.304
Mo. Kan. & Tex. 3 wks Julj
370,192
429,372 3,272,934 3,751,087
Int. &Gt.No.. ^ wks July
81.748
105,011
Mobile* Ohio.. July
118.293 129.323 1,041,776 1,105.709
Morgan'sLa.AT. June
255.584
208,644 1.8.59007 1,636,382
Nash. Ch.&St.L.; July
165,667
187,475 1,192,885 1,332,656
25,510
N.0.& Northeast] July
33,504
361,614
219.010
aN.'X. L.Erie &W;June
1,202,186 1,281,1.57 7,094.154 7,671.060
N.Y. Pa. & O.June
367,276 424,133 2,299,989 2,647,720
K.Y.& New Eug.! June
271.057 283,331 1,51;<,914 1,387,860
194.643
195,176 1,015.000 1,010,699
N. V. Ont. &W..ljuly
N.Y.Susq.&Wcst July
100,696
97,017
543.915
596,811
irorIolk<& West. 3 wks Aug
163,270 159,585 1,589,697 1,533.939
Hoithern Ceni'l. July
411.723 477.516 3,009.494 3,097,771
Northern Pacific July
999.73.; 1,022,438 5.606,162 7,008,024
Ohio & Miss
July
283,220 282,202 2.021,636 2,078.109
Ohio Southern.. July
25.034
35,356
226,829
241,228
Oregon Imp. Co June
222,442 278,516 1,363,227 1,661,069
Oregon Short L June
162.720
33.363
706,524
353,460
Oreg. R..t N. Co. 3d wk Aug
87,000
67,000
Pennsylvania... July
.. 3,085.105 3,989.183 23,004,698 27,322,334
Peoria Dec. &Ev. 2d wk Aug
17,874
19,698
4t3,6i)0
454,729
Fhlla.& Erie... July
263.944 321.721 1,746,143 1,941.532
PhUa.A Reading July
2 641.852 2.767,7a2 15.332,036 16.986.457
Do C. & Iron July
1,364,030 1,433.684 8,000,152 8,487,603
Klchm'd &Dauv. July
272,277 250,923 2,127.35
2,076.023
Ch.Col.A Aug July
45,982
40,879
425,006
398,774
Columbia&Gr. July
31,682
30,880
349.470
329,734
GeorgiaPac
luly
43,233
40,650
347,45.^
300,872
Va. Midland.. July
130.570 131.305
822.728
864,010
West. No. Car. July
38,833
35,719
244,8.39
226,635
Koch. <fe Pittsb'g 3d wk Aug
26,372
23,413
733,238
683,474
Bome Wat.& Og. June
140,810 143,797
749,605
733.254
St. Jo. & West'n. 2d wk Aug
19,12**
23.726
589,167
St.L.Alton&T.H. 2d wk Aug
27,330
27,532
698,832
806,516
Do (Branches) 2d wk Aug
14,054
13,770
427,853
447,530
St. L. F. 8. & W. 2d wk Aug
13,1 84
10,502
360,379
290.252
St.L.& San Bran. 3d WkAug
82,355
91,214 2.540,644 2,773,20 i
28,916
29,135
8t. Paul &DuJ'th 3d WkAug
701,417
700,512
8t.P.Min.& Man. Jnly
553,347
603,158 3,674,375 4,290,107
South Carolina.. July
61,137
69,255
594,128
636,593
So.Pac.Corap'y—
371,19f> 3,993,551 3,559,243
Atlan. .System June
602, 852
Pacific S.vstem June
1,822, 114 2,045,075
Texas & N. O
June
21,789
73, 72P
449,347
401,377
Tex. & St. Louis. Jd wk Aug
23,640
28, 227
57!<,882
490,648
Tol. A. A. & N. M. June
20,317
19, 498
124,099
104,808
Union Pacific... June
1,955, 396 1,739,453 11,224,531 10,993.816
Vlck8b'g& Mer. July
32,174
227,694
29, 574
258,158
Vlcksb.Sh.&Pao. July
14,360
25, 194
178,512
73,306
Wab. St. L. & P. July
932, 678 1,234,298 7,830.658 8,683,15b
63 ',198
West Jersey
July
126.700
121, 408
654.20H
Wisconsin Cent'l 2d wk Aug
21.313
20, ,87:
874,065
858,381
70,092
73.900
1,218,772
June
22.a82
June
103.957
June
8.9S9
2d WK Aug
l,Z.=i4.029
Ala. Gt. South'n. July
Atch.T.&S.F-.
&Bonora
Bait. & Potomac
Boat. H. T. & W.
Bur Ced.B.&No.
%uiXxo^&
The Investobs' Supplement contains a complete exhibit of
of States and Cities and of the Stocks and
oiher Companies. It is published
on the last Saturday of every other month— viz., February,
April, June, August, October and December, and is furnished without extra charge to all regular subscribers of the
Chronicle, Extra copies are sold to subscribers of the
Chronicle at 50 cents each, and to others than subscribers
at $1 per copy.
Funded Debt
the
Bonds of Railroads and
ANNUAL REPORTS.
i
Louisville
.
.
a NotlnoludlDg earnings of New York Pennsylvania A Ohio road.
t Not Including Ind. Deoatux <b Spring!. In either year,
} Mexican currenoy.
NasliTille.
30, 1885.)
The preliminary report
consists of figures only, and froni
this the following tables have been compiled in comparison
with previous years:
BARKINGS AND EXPENSES.
1884-85.
1881-82.
1882-83.
1883-81
$
Total gross earnings
Oper'gex. (excl.tax.)
11,987,745
7,429,370
13,234,915
8,099,593
14,351,093
8,823,782
13,930,346
8,182,255
Net earnings
4,558.375
5,135,320
5,527,311
5,754,091
INCOME ACCOUNT.
—
&U.andM. &M...
Georgia RR.
deficit .
Miscellaneous
Total disbursements
Balance, surplus....
1884-85.
1883-84.
1682-83.
1S81-82.
Receipts—
Net income*
Ihsbxir semen Is
Taxes
Rentals
Interest on debt
Dlvid'son L. & N., N.
$
$
$
$
4,824,810
5,270,091
5,800,144
5,952,083
309,238
62.000
3,705,823
339.409
07,000
4,053,224
309,450
379,845
67,0001
4,207,223
654,353
110,000
5,854
110,053
t4,847.268
;4,575,868
135.008
722,699
;
113,090
11,000
"6, 182
4,215,94*
I
8,3;7J
J4,716.145
1,110,337
4,595,793
1,356390
Including income from investments.
t $157,459 to be refunded, included in surplus.
$28,400 to be refunded, included in surplus.
j
5 $32,338 to be refunded, included in surplus.
*
GENERAL BALANCE AT CLOSE OF EACH FISCAL
YEAIt.
1884-85.
$
Assets—
$
$
67,930,874
07,385,426
67,776,064
Road.equlpment.&c. 61,593.923
689,941
688,024
715,773
Timber & quar. lands
703,633
2.005,590
1,010,798 18.505,832 t6.904.853
Stocks owned
4,249,861
1.940,623
4,050,673
1,104.338
Bonds owned
9,527,878
9,527,878
9,527,878
Stks&bds. held in trt
9,527,878
1,771,487
2,011,330
1,922,303
Bills & aco'ts. recelv.
1,053,750
762,273
726,624
833.112
Materials, fuel, &o..
1,419,279
4 04,714
242,929
297,316
•1,238,517
Cash on hand
1,733,805
1,565,968
1,454,904
So. &No. Ala. RR...
1,276,041
603,250
599,178
573,044
Nash. &Deo. RR
504,121
1,567,793
921,090
1,172,928
Other roads
670,139
409,639
Car trust funds
Lou. c& Kuox.Exten.
1,114,011
850,809
1,005,929
C. C. Baldwin acc'tj.
50.000
50,000
50,000
Sinking fund
50,000
2,179,344
Profit and loss
1882-83.
1883-84.
94,222,561
93,324,187
94,591,970
18,133,513 30,000,000
58,087,778 57,903,230
850.000
830,000
567,400
003,000
520,558
592,729
445,359
430,716
1,205,707
30,094
66,877
1,130,930
1,714.301
2,762,984
777,501
30,000,000
57,530,712
30,000,000
61,958,314
850,000
82,404,122
96,324,187
1881-82.
Total assets
Liabilities
—
Slock
B'nds (secSup'MENT)
Louisvillo
bonds
Del>enturcs
Bills
payable
Interest
Pinsa. & At. RR....
Miscellaneous
All other dues & ao'ts
Profit andloss
Total llabiUtiea,.
.
.
&
{For the year ending June
1
. . .
ItttjeHifljetiJCje.
•
t
82,464,122
94,222,561
830,0(i0
529,800
3,399,2fi6
475,759
189.279
499,435
34.933
34,774
1,236,1.52
1,(300,168
2,067,565
94,591,970
Including balance due for trust bonds.
Includes $5,000,000 L. & N. stock unissued.
An open account, the company claiming that Mr. Baldwin
is Indebted
sum.
The total receipts and dishursements of the year, including
the proceeds of stocks and bonds sold and the items of debt
extinguished, were as follows
J
to it in this
:
TOTAL RECEIPTS AND DISBURSEMENTS FOR TEAR ENDED JUNE 30, 1885.
$1,356,88®
Net surplus income for year over interest and rentals.
$4,436,101
Received lor sale of sundry bonds
"
"
1086,336
stocks
762,728— 6,285,166
Sundry receipts in settlement balance due
$7.612,036
Paid for sundry bonds purchased*
Stock
Mortgage debt redeemed*
Floating debt reduced
Addition to cost of road
Advances to companies oper. by L.
Increase in " cash on hand."
Transportation department
Sundry items
$1,537,2^5
135,160
1,102.198
3,794.><(U
1,34,809
AN. t...
607,252
107,397
87,459
65,693— $7,642,05»
Sinking funds took $267,740 and car trust equipments $304,038.'
tincludmg $167,837 to South & North Alaiiana RR.; $279,033 toPensacola & Atlantic RR.; $39,539 to NashvUle & Florence EB., and
several small amounts to other roads.
*
The account for each road operated, showing its gross and
net earnings and its surplus or deficit after payment of fixed
charges, is shown in the table following:
AuausT
THE CHRONICLF.
30, 1885.]
FOR PIKCAL YKAIt
KNIlKI) .lUNK 30, 1885.
Orng.
eaniiirmt.
Pirisiati.
ffil
ru'i.
ifii.iuti.od'l
M»lii Ki I'll! mill branobes
l,I:iP,'222
Meiii|ihl» lllll^
EviiiiHvlllf HdxIiTPon
1,238.7«1
Nnslivlllo
8IA,'i'2i)
BoiithciiK orn >1i HI. UmiB
$l,()30,471>'
4'i3.ir.'3
A
NaslivillcA Krcatur
1,0GI,»MI
South
1,511.28!)
1,240,14:1
l,l'i4.IK«
ai,l»07
Norlli Aluliiiina
MoiilKmiiiiry
OrliMiiiH* MubUo
,t
MDlillr
Ntw
A
I'.nitihiirtrHlii
Nnrrow
037.03(1
l.'V7.<l.S7
n
*lll
LohH.T
4!>3 .0118
tX)BKl7» ,423
17^ ,ll'0
4()H.1<!8
fi:(7.4Ml I,l)9H 'J t 3fi.''>
204,847
r.nsaiolil
runsaciiliiA Seliiin
Bcliim I)l\i»ion
8. Div. t^iimlxTlHnd & Ohio
N. niT. CnniixirliHidiOUlo
Cliuliiiiuli DIviBlim
I.<".xln(ttoii nrniieh.
S'lrplut orrr
322
414,^4r)
'JOO,
.'.32.013
143, ,.'•83
LoJI^,<^^93
40. 747
,.12.'i
IX»SH.7
3 ,98.5
11.900 I>088.4 ,235
37.S:.3 LonH.lO,,023
»l,02l
LoHS.n ,689
12,081
41,a"S
Lo8!>.8.4r-0
Lo««.8 ,980
25,328
1,030,730
1*86:366 1 1^'""-*'^8
402,198
1 312
13,970 Loss.. 1.1 86
70, 403
94.448
154,700
14 178
29,178
eo,7"0
7,511
22,600
LoSH.49,299
7'.J.149
(tiiutfe
Kallwo.v TriiiiBfcr..
Sbelliy Kiitavay....
OlanKOA' KallroiKl..
Oeorgia Kitilroad...
Total
$5,754,191
fl3,036,316
Add to bo refrind<'d by other ronds
Add iDuutue troiu investmeute
$l,110,2f-5
42,01'J
198..)9l
$1,350.S83
Net surplus for year
Panl Minneapolis & Manitoba.
{For the fiscal year ending June 30, 188 "jx .
be seen that the earnintrs of the roai, aaTcomp
211
trustees are ttili in negotiation with the Mil waulte* and Ht
Paul people for terms upon which to Imndle btislnewi between
Milwaukee and St. Paul or Minnen|X)li». We are willing to
pay any reasonable compensation for the accommodation, and
1 tiiink we can reach a salisfactory agreement.
If not, we
are in the same position that we were reapecting Chicago, only
that the pressure is not so great, and we shall t>e compelled to
construct our own line into the city."
DenTcr & New Orleans.— A suit is brought in the United
States Circuit Court, at Denver, Col., by Charles Lanier and
others, of New York, against the Denver
New Orleans
Railroad Company, the Denver
New Orleans Construction Company, the Denver Texas
Gulf Railway Company,
and others. The complainants allege that they hold f ItO.OOO
worth of notes ot the Drnver
New Orleans Railway Construction Company, which are secured by stock and l>ondB of
the Denver
Now Orleans Raih-oad Company and the Construction Company. They bring suit to prevent the defendants from disposing of any of the property or stock or bonds
of either of the last-named companies, or either of the individuals, to the Denver Texas & (!ulf Railway Company, and ask
that a perpetual injunction lie issued restraining them from
so doing.
&
&
&
&
&
—
Denver & Rio Grande. The reorganization committee, of
which Mr. Coppell is chairman, are informed that $ I. .500.000
Denver & Rio Grande Railroad consols have been deposited in
It will
H
London, and that the Stock Exchange of tliat city has listed
with the previous year, fell off $91.5,831, while the
g them and authorized a quotation.
expenses were reduced $418,080. The decrease in gross earnEast Tenn. Virginia & Georgia.— The following are gross
ings was mainly due to the falling oil in transportation of construction material for the Canadian Pacific, of which large and net earnings for July, the first month of the fiscal year:
July.
quantities were carried by this road in 188;j-84.
1885.
1884.
The following figures of earnings and income are in ad- Gross ea-nings
$298,824
$:78,037
vance of the annual report, which is not yet issued:
Operating expenses
167.496
187,876
St.
^
i
.
EAKNISCiS AND EXPENSES.
1881-82.
1882-83
Earnings—
1893-84.
1881-85.
$
Passenger
1,587,180
Netearnings
6.623.694
3,515,778
4,59,5,056
8,256,868
3,929,390
7.776,164
3,509,927
Netearnlngs
3,113,910 4,553,468 4,327,478 4,266,257
Per ct. of op. cxp. to earn.
60-22
5303
4759
4513
INCOME ACCOUNT.
1881-82.
1882-83.
1883-84.
1884-85.
lUteiptt-
Net earnings
3,113,916 4,.553.468 4,327,478 4,266,237
Kcyenuo from Land Dep't
860,677
813.945
418,270
131.292
Other receipts
34,259
92,106
214,434
66,284
Total inoome
DisbiirsemenU—
Interest on debt
Dividends
Rate of dividend
Sinking fund
Uiscellaucous
4,008,852
5,459,519
975,000
1,264.279
1,724,664
8
8
1,188,091
July.
.
9.148,524
4,960,182
4,463,813
1,949,690
1.600,000
1,980.200
1.300.000
8
41'>,270
131,292
$131,328
—
$90,161
Fort Worth & Denver City. Earnings for July, and for
nine months of the fiscal year, were as follows:
Frcifibt
4,773,000
Mall, express, rentals, &0.
269,508
Total gross earnings
Operating expenses
.
.
—
.
A'oe.
1
to
July 31.
—
1895.
1884.
1884-85.
1883-84.
Gross earnings
Operating expenses
$49,067
26.310
$50,359
23,920
$32/,420
177,910
$j60,310
204,890
Netearnings
$22,757
$26,439
$144,510
$155,450
—
Fort Worth & New Orleans. A press dispatch from Fort
Worth, Tex., August 22, said "The contract i or the construction of the Fort Worth & New Orleans Raihoad to Corsicana, seventy-two miles, was signed to-day, and work begins
on the road Monday. This gives Fort Worth direct communication with the Texas Central, and another line to St.
Louis over the Texas & St. Houis Narrow Guage. The speci:
new road are Standard guage, first-claas
departments to be operated and owned for
years by the Fort Worth company building it."
fications for the
equipments in all
five
;
;
Midland.— A
press dispatch from Chicago, August
Harlan, of the United States Supreme
Court, heard arguments on the question of a supersedeas in
381,545
the foreclosure cases against the Illinois Midland Railway. The
TotiU disbursements.. 3,023,767 3,802,888 4,349,505 3,411,492
casps were heard last June, and a final decree of foreclosure
Balance, surplus
985,085 1,656,631
610,677 1,052,321
entered of all the mortgages, but there was some irregularity
as to the entry of some orders, which made it doubtful
whether an appeal had been taken in time or not. The judge,
after hearing argument, entered an order allowing appeal and
California Southern. The Boston Tra^iscript says: "All but making it a supersedeas on the filing of a proper bond. The
about $65,000 of California Southern Railroad bonds have road runs from Peoria to Terre Haute, and was advertised for
assented to the reorganization plan, and it is understood that sale for Sept. 1 under the foreclosure decree. The supersedeas,
the reorganization will be effected in such a manner that out- however, will tie up proceedings for a long time.
standing lx)nds will stand small hope of securing any addiIllinois Missouri & Texas.— A bill has been filed in the
tional advantages. The present mortgage bonds of $35,000 United States Circuit Court in Missouri against the Illinois
per mile, which are being surrendered in the reorganization Missouri & Texas Railroad Company, Cape Girardeau & State
scheme, together with new bonds of $2.'),000 ])er mile upon the Line Railroad, George C. Thilenius and Henry T. Blow, truseighty-four mile o.\tension to the Atlantic & PaciBc, will be tees, Thomas C. Fletcher and the Cape Girardeau & Southused a-s collateral for the now bonds of .$10,000 per mile to is^ue western Railroad Company, praying for the appointment of a
to the Atchison Company for the construction of the extension, receiver, to the end that the profits be used for the payment
and also for the income bonds to be Issued at the rate of of the principal and interest on $1,800,000 first mortgage
$15,000 per mile in exchange for the old first mortgage bonds construction bonds and interest coupons issued by the I. M.
surrendered. It is expected that the new income bonds will T. in aid of the Cape Girardeau & State Line road.
be issued in tlie latter part of October. On the 10th inst. there
Mempliis & Charleston. The following are gross and net
were thirty-seven miles of rails laid on the California Southern
earnings for July, the first month of the fiscal year.
extension, and it is believed that at present there remain only
about thirty miles to be covered out of the total of eighty-four
^1885.
1881.
miles.
The bridge across the Mojave River has caused a delay Grossoamings
$.0h.471
$8S,hi«
73,730
expenses
68,740
of two weeks, or otherwise the road would have been com- Operating
702,864
157.812
813,945
61a
Illinois
32, said that Justice
GENERAL INVESTMENT NEWS.
—
&
—
"
pleted by Oct.
1.
Net earnings
—
Central Iowa. It is stated that this company is about to
build in the northern part of Iowa a 17-mile line from Mason
City to Lyie, which will give the company a direct connection
with St. Paul and the Northwest.
Chicago Wisconsin & Northern.— This railroad company
lias filed
office at
articles of association
in the Secretary of State's
capital stock ot the road is
$8,200,000.
The incorporators, who are the directors of the
road, are Edward Ferguson, Joseph B. Oliver and Abbott
Lawrence of Milwaukee, and John P. Neal and Henry Haw ley
of Chicago. The above is the title of the road in Wisconsin,
Madison, Wis.
The
& Wisconsin Ls the title of the connecting
road in Illinois, which two roads will form the much-talkedof extension of the Wisconsin Central from Sohleisingerville,
Wis., to Chicago, 116 miles for the construction of these
lines contracts have already been let.
Mr. Edwin H. Abbott
of the Wisconsin Central says: "The Wisconsin Central
and the Chicago
;
—
$15,076
$31,741
Mexican Railroad Subsidy. A recent dispatch from the
" The Government has decided tliat
City of Mexico said
no exception shall be made in favor of the railroads, and that
the law of June 23 shall be enforced to the letter. Subsjdiea
will not be paid, and not one cent of the Customs revenue will
:
be appropriated to the railroads, which will have to submit to
the exigencies of the situation." • * » "The Government
will not even deliver up the subsidy certificates to the railroads, claiming that the roads have no right to them, and that
even if the certificates were still receivable for Customs duties,
the Government would not be obliged to deliver up more than
enough to keep the railroadi supplied with the amount
required to cover their monthly subsidies. The Government
obj'-cts to the railroads ama=8ing a large amount of certificates
and ttsing them as security for loans, and considers that ic was
lenient to the Central road before in permitting the company
to issue det>eQtures with subsidy certificates as security."
THE CHRONICLE.
24:
[Vol XLl.
—
Pennsylvania Railroad. The gross and net earnings in
City Bonds.— Controller Loew opened this week
July, and for seven months, are specially compiled for
continuing
for
stock
water
additional
of
the bids for $1,000,000
In July, 1885, there
the Chronicle in the tables below.
work on the new aqueduct. He a»^arcled $700,000 of the
rest in was a decrease of $303,980 in gi-oss earnings and a decrease
the
and
$101-689,
at
&
Co.,
BroUiers
Blake
stock to
$101-89. of .'5231.067 in net. and for the seven months a decrease of
$100 000 lots to Daniel A. Moran at$101-C9. $101-76 and
and is $2,317,036 in gross, and $1,823,449 in net, compared with 1884.
taxation,
county
and
citv
from
free
is
'stock
The
Interest is payable semi- On the lines west of Pittsburg the net returns show a decrease
redeemable on October 1, 1904.
of $130,805 in July, 1885, compared with July, 1884, and a
annually in April and October at the rate of 3 per cent per
decrease of $392,323 for the seven months in 1885.
annum.
LINES EA.ST OK P1TT8BDRO AND ERIK.
-was
who
Phillips,
Mr.
E.
B.
New York & New England.—
Ntl Earninqt.
aroas Earniiifta.
his
of
court
the
188.^.
1884.
report
to
1884.
his
has
made
18S5.
appointed appraiser,
$6,519,8-^9 $a,ll-?,242
$21,333,249
Car
$21,319,593
England
.Tar.
Junt
30.
1
to
New
of
the
rolling
stock
rtcent appraisal of the
1,160,019
1.391,118
3,989.085
3,685,105
July
Trust. The original value was $1,341,000, of which the ^ew
$7,679,908 $3,503,3.58
York & New England paid the trust $100,000, leaving the
Total7mo8.... ii5[001,f:98 $27,32-2,334
Mr. Phillips returns the present
principal due $1,241,000.
to the lines west of Pittsburg and Erie, the monthly
As
value as .«;7GO,000, or about 60 per cent of the principal. He reports i.ssued in 1884 and for the current year show the results
follows:
filed with Judge Shipman his report of his appraisal as
below. The company's returns, however, state a loss for the
Fifty-one engines, averaging $6,000 each, $307,076; eighteen seven months in the present year, compared -with the year
passenger cars. $3,500 each, $63,000; two baggage cars, $3,120; 1884 of $300,485.
four exprefs cars, $3,528; thirty-three cabooses, $13,347; 299
LIKES WEST OF PITTSBDRO * ERIE.
box cars, about $350 each, $105,427; 546 gondola cars, $153,Kit Surplus oter all Lutbililles.
$7a9,1884.
1885.
143, and 370 coal cars, about $305 eaiih, $113,347; total,
Dpc. $181,518
Def. $7:24,190
The sale was ordered to take place not earlier than Jan.l to June 30. Db'. $886,008
987.
New York
.
.
Sept. 15.
—The
directors of the
New
Y'ork
„
,
,
Total 7
—A
mo8
. .
dispatch a few days since said that
special meeting of Pennsylvania Railroad directors
called this week was to authorize the issue of the first instalment of $1,500,000 3 per cent bonds to be used in the South
New York Ontario & Western.— As a part of the New York
Central- West Shore negotiations, Mr. E. D. Adams of WinsCo., exercis-ed his option to purchase $1,250,000
low, Lanier
The
of the preferred stock of this company at 833^.
preferred stock thus called in will be paid for by certifiCo. These
cates of indebtedness issued by Drexel. Morgan
certificates are exchangeable for new West Shore 4 per cent
bonds, guaranteed by the New York Central.
New Yorli West Shore & Buffalo.— At the close of business on Tuesday the privilege expired for the assent of
bondholders to the Drexel-Morgan plan of reorganization, but
in order to permit others to come in by paying a small charge,
bonds may vet be deposited, on the payment of $20 per each
&
&
Philadelphia
Pennsylvania purchases under the agreement between Mr.
Vanderbilt and Pennsylvania Railroad. The hoi iers of South
Pennsylvania securities were to receive dollar for dollar in 3
per cent bonds, guaranteed by the Pennsylvania Company.
This would require the issue of $5,.500,000 worth, and it is intended to base them on the smaller branches or leased lines of
Pennsylvania Railroad.
Philadelphia & Reading.—The result of the joint operations of the Philadelphia & Reading Railroad and Coal & Iron
Company in the month of July (including Central of New
gross
Jersey Railroad, leased), was a decrease of $195,593
earnings and a decrease of $140,749 in net, compared with
July, 1884. For eight months from December 1 there was a
decreaue in gross earnings of $3,139,569 and a decrease in net
of $651,071 compared with 1883-84.
m
$1,000.
After the books had been closed, Mr. J. Pierpont Morgan
expressed his satisfaction with the success of the scheme,
which he said had been much greater than any one had antici-
Morgan
& Co.
.
.
,
,
ii
1
issued the followmg circular letter to
the bondholders
"The time limited in our notice of August 11, 188o, for
accepting the offer made in our circular of July 35 having
expired, we herebv notify the parties in interest that the
holders of over $47,500,000 have accepted the offer contained
in our circular and deposited their bonds with U3 for the purpose of carrying out the plan of reorganization and lease
therein referred to.
"We shall be prepared on and after Thursday, August 27, to
exchange the temporary receipts given at the time of deposit
of the bonds for engraved negotiable receipts couuter^igned by
the Union Trust Company.
"These certificates will be issued in amounts of $1,000 and
$10,000 each, and application has been made for their quotation upon the New York Stook E.xchange.
"The owners of outstanding unassented bonds who mfiy desire to obtain the benefits of our circular of July 35 may deposit
their bonds with us until further notice upon payment of the
eum of $20 for each bond of $1,000 so deposited."
Northern Central.— The earnings and expenses for July
and from January 1, in 1884 and 1885, have been
Jan. 1 to July 3)
July.
:
.
.
188,5.
GrOBS earnings...:....
Operating expenses...
5!Hl,7-22
1884.
$477,.515
.
.
1885.
$3,000.'lfi4
1884.
$3.0!>7,7T0
300,659
306,259
1,856,256
1,978,172
Net earnings.-. $111,063
$171,255
$1,1.54,238
$1,119,598
North River Construction Co.— Receiver Green notifies all
persons claiming interests in the stock of North River Construction Co. to file with him, before Sept. 9, their claims to
Interest in eaid stock. Transfer books -will open Aug. 27 to
close of business Sept. 3.
Ohio & Mississippi. The earnings and expenses for June
and for six months are reported as follows:
—^ ^-6 Tnos. end. Jtme 30,-^
June.
—
/
1884.
1885.
$257,131 $264,200
Grosseaminirs
192,305
Operating expenses.... 213,694
1884.
$1,795,907
1,609,697
13 ',803
Dec. $292,323
the
exchangp.
pated.
Drexel.
3,163
Def. $721,323
.,
have resolved that the option to exchange car trust certificates
for second mortgage bonds shall terminate on Sept. 19; up to
date $969,000 have been thus exchanged. It has also been
aetermined to withdraw the V)alancB of bonds deposited with
the American Loan & Trust Comgany for the purposes of this
bond of
DtC.
127,637
Def.$l,013,645
Def.
July
J
England Railroad
& New
.
.
1885.
$1,738,115
1,3,^3,700
$186,210
$384,715
$71,895
$13,440
NeteaminKS
This is a decrease of gross earnings of nearly $60,000, while
the expenses have been decreased $250,000— the best six
months with one exception in ten years.
Oregon ImproTemcnt Company.—The Boston Transcript
reports "The proposal to issue 10 per cent second mortgage
;
bonds to fund the Oregon Improvement Company's floating
debt lias been negatived and the directors have authorized a
second mortgage of $1,300,000, bearing 8 per cent interest, of
which nearly $800,000 will be used to pay the company's floating debt, and the remainder will be in the treasury of the
company. The bonds will have ten years to run, but Uie company will have the option of pre-paying them.
Orost Receipts.
1883-84.
1834-85.
31. $18.9-8.:v20 $21,448,560
3,232,121
3,748,389
4,201,175
4,005,882
Dec.
1
to
May
June
July
Total 8m08.... $26i742,.591
->
Net Reeeiptf.
1S84-'J5.
188:i-84.
.
.
.
1,123,747
$5,072,391
870,441
1,204.496
$6,556,2.57
$7,-207,328
$4,56-<.645
863.865
$28,88?,156
Pnllman.Palace Car Company.— Mr. George M. Pullman
President of the Pullman Palace Car Company, has written
a letter to President Stevens, of the Central Transportation
Company, in which he says, after referring to the recent
transactions and commencement of suits: "I feel that, under
the circumstances, it will be better to terminate the relations
existing between our respective companies, and for us to
deliver to you vour sleeping cars under the terms of the
original contract'of lease, which provide for this contingency.
As it will require some time to have the cars delivered, and
receiving them, I
it will be necessary for you to arrange for
would request you to make such inquiries as you deem necessasy, and inform me when and where you will be prepared to
receive them." There is to be a meeting ot the stockholders
of the Central Transportation Company on September 15, at
which Mr. PiiUmau's letter will probably be read.
President Stevens of the Central Transportation Company
re.iected tbe overtures for a settlement, and said in his letter :
have in our several interviews suggested that if you
would agree to capitalize the sum you proposed to pay, viz.,
^66,000 per annum, into 5 per cent bonds, and give us the
principal, $1,420,000, in cash, we would recommend our stockholders to accept the same, and then to this sum we could add
our surplus and divide over $40 per share to our stockholders
and close up the affairs of the company. This proposition you
characterize as unbusinesslike and impracticable. Until you
are ready to do what your contract ol.)liges you to do in the
way of surrender and delivery of contracts, cars, &c., and
"We
properly make such surrender and delivery, it will not be
necessary for us to consider any paper offer."
Railroads in New York State (Quarterly Reports.)—The
Michigan Southern
following abstract of the Lake Shore
Railroad, showing the operations for the quarter and six
months endmg June 30 in 1884 and 1885, has been compiled for
the Chbonicle from returns made to the RR. Commissioners.
^Quarter end. June 30-. -—6 mo«. old. June 30
&
—
Net earnings
Income, other sources
1835.
$6,485,2('3
4.387.781
$1,071,829 $1,508,166
$.',097,422
$2,991,616
26,854
$1,508,166
$2,097,122
$3,018,469
3,037,264
2,173,331
2,069,957
Total net receipU. $1,071, 839
Z>editctiotis
—
Interest on bonds*., i
All taxes'
\
>
Rentalb*
1884.
1834.
$3,.538,377
2,030,211
l?-<5.
Receipts—
$3,250,132
Gross earnings
2,178,303
Operatiugexpensea...
1,085,132
4.230,656
1.731,327
Dividends
Total deductions. .$1,085,132
df.$13,303
Balance
$7,2-2'.',-e71
$1,037,254 $2,173,331 $3,801,184
$170,902 def.$75,909 df.$782,713
Proportion for quarter, wUether paid or not.
AuacsT
THE CHRONICLE.
39, 1886.1
Onrdonsburg.— Thwc<iiapany ha« U-iukmI
Pliuonix & ().swe«o u<>a<J. and will
commem-o ruiininK trains over it on Monday, Au^- SI.
Hoiith l»eniisylva«ia.— Attorney-General CasHaHay of I'enngylTHiiia hiis liU>(l a bill in feitiity, in the Dauphin County
Court of Comiion I'loas, restraining the I'ennBylvauia or its
axentt from purchasinn or by any nieaux, <lireot or indirect,
acquiring cmtrol of either "the South Pennsylvania or the
Beech Creek Uoaii. The bill is bsstd on Article XVII. of the
ConsUtution of Pennsylvania. Section 4 of thi« article pro-
Rome W»tertown
the newly
Jt
liuilt Syractts'*
"no railroad, canal, or other c<>r|)oratlon. or the
purrhaiH»rH, or nianagerB of any railroad or canal corponitidn Hliall oonsolidate the stock, property, or franchises of
Buch corporation with, or lease or purchase the works or franchises of, or in any way control, any other railroad or oinal
vides that
-^sf. s,
li
corporation
oompeting
made
owning or having under
line."
its control a p.arallel or
Preliminary injunctions were granted and
returnable September
8.
Texan & St. Louis.— In Texas Judge Don Pardee has issued
an order authorizing the issuance of |18.5,000 of receiver's cerThe certificates are for the payment of taxes in
tificates.
various counties and the settlement of approved outstanding
indebtedness of the road.
Toledo & Ohio Central— Colnuibus
&
& Eastern.—The
nego-
Ohio Central and the Columbus
tiations betvN-een the Toledo
Eastern railroad companies, relative to the lease of the
Columbus branch of the former to the latter corporation, have
been finally consummated, and will be passed upon by the
stockholders of the respective roads at a speciHi meeting to be
held Septeniljer 25. The Columbus branch of the Toledo
Ohio Central, which the Columbus Eastern secures, extends
&
213
%ht UDommcrcial
'4i;tme3.
COMMERCIAL EPITOME.
Friday Nioht, Aug
A storm
23,
188.';.
of great violence han visited the Souili Atlantic
Coast doing dnmnge to buildings at Charleston, i-nd to Miipping
at several pointn; there has also been a froat more or leu
severe in northern latitudes, from which some crops have suffered to a slight extent; otherwise, conditions liavf l»-en favorable to business, and the opening of trade for the au' iinin neaaon
hag made fairly satisfactory prof^ress. Prices of
arly all
staples show a check to the declining tendency of values, and
in many descriptions of manufactures there is an improve'
ment which seems to have a substantial basis. There is littletrouble with labor anywhere, except on the part of certaini
leaders of organizations who seem to think they intist earn
their pay anrl the expense of their junketings by making a
great fill's through the daily newspapers.
Lird futures declined sharply early in the week under
review, but the extreme low prices that were reached brought
forward buyers for the rise, induced a brisk covering of contracts, and led to free purchases for export, upon which a
betiir range of values was established;
but tlie close i»
at 6 -530. for Sept., 6-59t. for Oct., Q-r>3c for Nov., C-54o. for
for
January.
and
6'61c.
lard
DtfC.
Spot
has also recovered,
and closes at OSOo. for prime City, 6'60@0 62i^o. for primeWestern and 6-85(at!-87i^c. for refined for tlie Continent. Pork
m
has been doing rather better, following further depression
early in the week, and to-day mess sold at $10 75, with clear
quoted nominally at $11 50@$13 50.
&
Cut meats have been somewhat variable and irregular, with
from liiidley Junciion to Columbus, entering Columbus on the more doing, closing at 5}g@6l^c. for pickled bellies, ll@ll%c,
Panhandle tracks, which the road joins about three miles ci-st. for hams and 45g@45^c. for bhoulders. Smoktd bams are
The branch is twenty-eight miles in length, and will afford quoted at l'-@12V^c. and shoulders at 53^c. India mess beef
the only entrance for the Columbus & Eastern into Columbus. is dull at $17@ if ly per tierce ; extra mess quoted nominal at
The lease is a perpetual one and is to go into effect December 1 $10, and packet $ll@$ia per bbl.; beef hams are quoted at
Tallow has been fairly active at .5c. Oleoil»@$20 per bbl.
'Wabiisli St. Louis & Pacillc. The Waba-h receivers have
margarine is quoted at 7 J ^c. and stearine l%@l'J^c. Butter
filed a report giving the earnings of different leased lines of
which tht-y have been instructed to keep separate accounts. is firmer at 17@24c. for creamery. Cheese is nrraer and more
active at 6{S8c. for State factory. The number of swine
Ttiis report gives the excess of earnings or expenses of each
slaughtered at the West from March 1 to Aue. 19 wa83,S65.000
line for the vear following the appointment of the receivers,
against 2,875,000 for the corresponding period last season.
that is, from" May, 1884, to May, 1885.
The following is a comparative summ ary of aggregate export
Eoads whose expenses have exceeded their earnings:
from October 37 to August 32
St. Josf'pli ii St. I,rini8
fro,iC3
1884-85.
1883-84.
1835.
St. I.OUI- Oitumwa & Ceilar Rapids
18,709
lbs. 43,409.200
31,465,,«00
Inc. n,»43,40(V
Couniil liliitr^iSt. Louis
9,505 Pork
lbs. 360,593.102
289,249.578
lue. 80,3ta,524
aarlnila.tS I.i.uls
8,087 Bacon
lbs. 232.223.301
179,361,42.5
Inc. 52,-.:61,!j36
Wiiliic.v Milw.iuri A. Psicltlo
20,550 Lard
i
'.Missouri Iowa & Nel>rd6ka
28,0i)0
Coffee on the spot has been moderately active and closes
l»e« vii.lno«.t 8f. Lonls
64,313
for fair cargoes Rio, ' The speculation in
Des M(>iiie3 & Norlliweiitern
2I,I>25 steady at 8Jg@8=8C.
options has been quite brisk. On Wednesday there was a sharp
Ei'l Ki\or
,30,0 J8
HUiHinjmiKii llnv!iiia& We3f.,to May 16.'8^,whcn surrendered
2 ',834 decline, and there has since been a partial recovery, closing
•Cairo Divisi.iii, till April '17, '85, when road was euireudeiod. 12^4. i24
at 6-75e. for the autumn months, 6-90c. for JanAttloa (.•iivlufc't '11 ASoiitliom
4 0^7 with buyers
Raw sugars have been very active,
Pcorl.-» Pekiii .* .Tacksonvllle
37.988 uary and 7c. for March.
SprlnjtlleM & Ncnhweslorn
53,798 with prices showing an upward tendency, closing to day at
Sf. Loui,! Jerwvvlllo & Springfleld
32,29.i
for
fair
to
good refining Muscovado a"! i''-;'-,'for
o?3@5J/^c.
Cliampaiifti & S.'Ullieasti^rn
5,772
Refined also firmer at r
for
'Havauu Rauioui i Eastern
ie,9(il 9(5 Ueg. lest Centrifugal.
and
B%@7c.
standard
A"
for crushed.
Mola-rif>en
Total excess of expenses over earnings
$575,010 steady at 17;^c. for 50 deg. test. The speculation in leas has
been quiet, but there is a fair trade, and more doing iu spices
" Note— Itoads icarlied with an asterisk have been surrendered by
and foreign dried fruits.
the receivers
Kentucky tobacco has sold to the extent of 450 hhdg., of
In the accounts of the following roads there is an excess of
earnings over expenses, not including any charge fcftr interest which 225 were for export. Prices are firm. Seed lei>f continues in very active demand at firm prices, the growing: crop
or Tenia's
been somewhat injured by various pha'ses of bad
Boone C mntv & Bioneville
$7,318 liaving
weather. Sales for the week are 3.190 cases, as follows: 840
St. Louis Ciiuiiril Bliifts & Omaha
3!, 322
Brunswiik .V C'liiliicitlie
33,347 cases 188-1 crop, Penn.tylvania seed leaf, "%@^]-ic.: 300 cases
Oentervilm Mor.ivia Si Alliia
3,273 1884 crop, do. Havana seed,
400 cases 1882 crop. do.
p. t.
•Toledo Poi III & Western
107,',il5
ChloaRO Di\i.sl.iii
3.107 seed leaf. 10@Uc.; 200 chs^s 1881 crop, do. do., 6@10»^c.; 260
Detroit Bui ler it St. Louis
3J.042 cases 1S84 crop. Little Dutch, 10@llc.; 200 cafes 1884 crop,
Indiaiiapolla Division
86, '21
Ohio, 5^@55ii'c. 200 cases 1884 crop, Wisconsin Havana seed,
Total eaniin^is over expenses
$311,920 p. t.; 100 cases 1884 crop, Stute do., 10@13c., and 190 cases
Grand total expenses over gross earning)
1884 crop, New England and Havana seed, 13@3'?c. afso 350
26S,09^>
bales Havana, 60c.@^l 15, and 200 buks Sumi.trd, $1 20@$1 60.
• NoTK.— This read was surrendered to trustees of tlrst movtfinse
Ciudo petroleum certificates have maintained a fair degree
bonds June 11, 1SS5.
of speculative activity, bat at widely varying and uueettled
The plan of reorganization of the Wabash St. Louis
prices, owing to reports of new combinations to control the
Pacific Railway has received a few slight modifications, and
products of the w^-lls. The close wai at $1 Ol/gOiJ;! 02; crude
in a few days the bondholders will be invited to assent forat 7j8@7?4^c. refined in bbls., ^%c., and in cases,
mally to it; the principal change in the plan at the London in bbls. quoted
meeting was the limitation of the liability of the general Ifi^^taiO^gC-; ""P'^t'**' ^"^ I'he speculation in spirits turpenmortgage bondholders to 5 per cent of the face of their bonds, tine bus been quiet, but the clo-ie on the spot is firmer at 3.oc.,
sold to-aay for September at 35c., with 35>.^@
in cafe of default on the part of shareholders to pay their and 100 bbls.
.S6c. bid for the later months.
Rosins have be-'U dull, and
assessments.
Mr. J. Morris, of London, who represents the
lower at $1 08((*$1 15 for common to good.
)p3are
foreign bondholders, has modified the agreement in unimpor- strained is
held, owing to injury to the new crop by storms.
tant particiilars. in accordance with the vote of the bondhold- more Brinly
At tc-day's Metal Exchange pig iron certificates weru' firmer
ers bcffore he left London.
Another member was added to tlie
Purchasing Committer, and the bondholders were given equal for late options at |15J^(3|16>^, with only $15 bid tor near-by
representaiion in the board of directors. These changes were months. Tin steady and showing more lifeat 20-70@21f. spot;
with U[)ward tendency at 20J^(a20'35e. Tin plate
considered of so slight importance by the management that futures closing
40(a|;4 473^.
Copper Jienvy at lO?^® 10 93c.
they w( re adopted without Hesitation. Over $6,000,000 of the dull and easy at 14
bonds have been deposited under the plan, and to assure is for Lake and 10@10-30c. for Baltimore. Lead easy. August
4-20@4i^c., but futures ottered down to
success the assent of only |2, 000,000 more is required. The domestic nominally
committee consists of Messrs. James F. Joy of Detroit, O. 4J^c., with 4o. the best bid. Sjielter steady at 4}^@4i^c. for
D. A.shley ani T. H. Hubbard of New York, and Edgar T. doinesitc.
Ocean freights were moderately active early in tin- week,
Welles of Hartford.
with liberal ^hipraents of grain, but at the clos- rates are
West Jersey.—The ftockholders of the West Jersey J?ail nearly nominal at 2i5^@3.1. to Liverpool. Petroleum churtiu:s__
road Company and the stockholders of the Ocean City Kail- iiave been active at Ss. 4}.^d.(ii3s. 7>^d. from tlnittd States
road Company have vot^d to approve the proposition for the ports to United Kingdoji and Continent ; also casts hence to
consolidation and merger of the two companies.
Java at 35@ 26c.
&
—
:
.
'
;
:
;
—
&
-
;
H
THE CHRONICLE
244
COTTON.
Friday, P. M.. August 28, 1885.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Aug. 28), the total receipts have'reached 11,695
bales, against 4,403 bales last week, 3,125 bales the previous
week and 2,038 bales three weeks since. The details of the
receipt.s for each day of this week (as per telegraph) are as
The Movement of the Crop,
follows.
at—
Mon.
Sat.
ludianula, &o.
Hew Orleans...
620
13
600
1
68
1,307
6
227
515
415
MobUe
Thurs.
Wed.
Tiiet.-
585
237
Galveston
We
& Lambert,
89
Broad
654
1,223
60
7
287
6
Savannah
798
464
3,856
Savannah
480
Galveston
Sorfolk
1
1
378
686
Brunsw'k, &o.
Cliarleston
45
97
78
1
1
3
7
32
1
6
10
88
182
43
3,355
Leavinif
Pt. Royal, &o.
Wlmlngton
15
Horeh'd C.,&c
Norfolk
83
6
40
WestPotat,<fec
New York
Boston
Baltimore
319
16
319
40
3,149
11,695
40
Pblladelp'a, &c.
53'
Totals this week
1,928
2.3321
2,170
1,579
For comparison, we give the following table showing the week's
and the stock to-night,
for the corresponding periods of last year.
total receipts, the total since Sept.l, 1884,
and the same items
1884-85.
Seeeipts
Stock.
1883-84.
1,000
1,700
None.
Noue.
Total 1885.
1884
1883
7,000
1,000
1,700
6,008
5,000
None.
2.120
5.150
1,007
Since Sep.
1, 1884.
Thii
Week.
August 28
Thia
Week.
9,918
1,401
16,176
1,665
637
2
1,967
1,057
686
167
1,427
697
15
20
313
7C3
83
150
731
4
99,879
992
New Orleans.
2,613
470
486
182
43
78
36
3,355
Savannah
Br'sw'k,&o.
Charleston...
1884.
1885.
2,226
2,575
480
Mobile
Florida
Since Sep.
1, 1883.
2,092
3,856
Ind'nola,dbo
Galveston
1
Pt.Koyal,&o
WUmlngton
M'headC.,&c
Norfolk...
W.Pomt.&c.
New York
Boston
16
67
140
Baltimore
FMladel'a.&o
319
40
38
3,824
87.791
6,310
1,286
5,329
11.691
4,914
128,523
124,492
Total
6
6,310
655
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
at—
1885.
6alvest'n,&o.
New Orleans.
1884.
4,336
2,613
182
3,355
3,045
Norfolk, &o..
All others....
15
89
419
486
78
687
167
20
150
281
lot. this w'k.
11,695
4,914
Mobile
Savannah
&o
Wilm'gt'n, &c
696
Uharl'st'n,
1883.
1882.
1881.
12,684
3,611
2,356
215
11
1,767
3,361
1,397
854
4,211
1,631
626
166
822
712
187
22,971
1880.
4,523
3,614
48
15
we
4,787
1,600
1,320
7,«69
3,533
45
67
918
138
487
914
908
5,055
15,956
21,218
1.
Galveston Includes Indlauola; Cliarleston Includes Port Koyal, &o.'
Wilmington Includes Morehead City, &o.; Norfolk Includes West Point,&o'.
The exports for the week ending this evening reach a total
of 12,881 bales, of which 10,824 were to Great Britain, 53
to France and 2,004 to the rest of the Continent, while the
Stocks as made up this evening are now 138,523 bales. Below
are the exports for the week.
Week Endino
Auti 28.
From
Sept.
Exported to—
JKrportt
Qreat
irom—
Brit'n.
Conti-
France nent.
Orleans..
1,262
1,259
1,
1884, to
Week.
Oreat
Britain. ^<'"<"
2,521
9,645
1,401
1,427
1,767
2,092
200
None.
None.
7,000
731
2,500
92,879
8,608
273
9,973
118,550
150
11,308
10.012
113,184
221,528
1.885
The speculation in cotton for future delivery at this market
has been only moderately active the past week, yet prices have
in the aggregate made considerable progress toward a recovery of the recent decline. Foreign advices have been extremely
Crop
variable, reflecting very feverish markets abroad.
accounts have continued fairly favorable from day to day, but
there has been enough in the accounts of violent storms and
excessive rains in some sections, and of drought, rust and
shedding of bolls in others, to cause some uneasiness, leading
to a demand to cover contracts, as well as some buying for the
rise.
A renewal of pressure on August contracts also appeared
on Wednesday and continued on Thursday, causing an excepadvance in deliveries for this month. To-day an irregwas followed by a general decline, and a steady
Cotton on the spot has met with a
close at the reduction.
steady demand for home consumption, and, with stocks much
reduced, prices have latterly shown more firmness. On Thursday the sale of 10,500 bales for export was reported as having
been made the previous afternoon. To-day there was no
change, and middling uplands closed at 10 5-16c.
The total sales for forward delivery for the week are 865,900
bales.
For immediate delivery the total sales foot up this week
14,431 bales, including 10,400 for export, 3,311 for consumption,
bale!
in transit. Of the above,
720 for speculation and
were to arrive. The following are the ofiQcial quotations for
each day of the past week.
—
ular opening
—
Aug. 22
UPLANDS.
inon Tnes
to
Sat.
A-ug. 28.
Ordln'y.^l^ft
Strict Ord..
thiod Ord..
Str.G'dOrd
Low Mldd'g
Str.L'w Mid
Middling...
Good Mid..
G'd Mid
Mldd'g Fair
9tr.
Fair
Ordln'y
NEW ORLEANS.
Sat.
TEXAS.
mon Tue*
inon|Taea Sat.
83,6
83,6
81,6
81,6
8Iifl
8I3
«»«
8^1
81a
8»R
97,6
R
96,„
97,6
96,„
96,
9iiie 91116 91116 913,6 913,6 91S|6
lOig
10^8
10^8
10
10
10
ICSie lOSls 103,8 105,6 10i>,6 10b,
10b,„
1076 107,6 10',,
100,6 1106,8
1058
105fl
105b
101a jlOia
10>a
lOiiis'lOUjj 1011,6 I013i(, 1015,6 1013,8
IU18 111," IU16 U3l« 113,6 113,6
nn°e ll"l6 1111,6 111316 1113,6 1113,6
83,6
83,6
83, rt
8b8
8»8
868
97,6
yi6
913,6 913,6
lOig
lo^ 1016
105,6 10b,„ 106,«
107,6 107,6 lO'i,
101>8
lOSfi
IOBb
1013,^ 1013,6 lOiSig
113,6 113,6 113,«
lllSlfl lllSle 111S18
Wed
Frl.
Wed
Th.
83,6
Hbs
83,6
8=8
83,6
86s
97,6
913,^
83,6
«»«
«»
81,8
H^a
TU. Frl. TTed
Til.
t^
Frl.
1
81,6
83,6
H6«
81,6
33,6
8=8
97,6
91=10
83l«
8»8
9',«
913,g
1018
I0b,„
107 16 107,6 10'|« 10',
107,8
Middling... 105,6 106,6 101>,6 10',
Good Mid.. lOlfl IOI3 1014 lOOfi 105« 10»8 1058 1U»8 1058
Sir <i'dMld lOUif lOllifl 1011,6 1013,6 1013,6 1013,6 10i3,e 1013,6 lOlSia
Mldd'g Fair III16 lUis 111,6 113,6 113,6 113,6 113,6 113,6 113,6
lin,„ 1111,0 nil, 1113,6 1113,6 1113i6llll3,6 111319 1113,8
Fair
.
Strict Ord..
Hifl
8^
9 ',6
97,6
Pood Ord.. 96,6 95,6 9^,6 97,6
913,8 913,6
Str. G'd Ord
911,6 91I16' 911,6 913,0
10
1018
10% lOifl
10
10
lOhi
Low Midd'g 10
18
Str.L'w Mid 103,8 103,6 103,6 10b,„ lUb,6 106,6 106,6 10b,
BTAINE D.
Sat.
^ib.
Good Ordinary
Strict Good Oriiinarv
Low
MiddllilU
Middling...
711,6
838
93,8
9l3i„
UAREBT AND
Continent.
rhe
Total.
Men Tue« Wed Th.
711,6
7'1,6
711,6
711,6
8%
8%
8%
8%
93,6
913,6
93,6
913,6
93,
93,6
913,6
913,6
Frl.
7lil«
838
93,6
9lJ,8
SALES.
total sales
and future
deliveries each
day during the
«veek are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance
Mobile
how
the market closed on same days.
Flortda.
SALES OF SPOT AND TRANSIT.
8»Tannah
SPOT MAKKET
CLOSED.
Charleston*...
WllmlnKton...
Norfolk+
Hew York
fl,828
Boston
1,575
1,575
1,159
1,159
B3
743
Sat.. Dull....
Mon 8 ready
rues. Weak...
7,e2B
.
.
FhUadelp'a,&o
TotaL
Tot»l
273
None.
None.
Exporttd to—
Tbtat
Oalveston
Baltimore...
Stock.
Total,
tional
to
Blnoe Sept.
New York
Coastwise.
73
None.
None.
200
None.
None.
None.
None.
None.
None.
None.
None.
None.
Noue.
None.
None.
None.
None.
None.
Noue.
200
None.
None.
None.
None,
None.
5,300
2,500
Other ports
Total
Total
Shipboard, not cleared—for
Other
France, Foreign
Great
Britain,
557
480
326
94
43
936
2,613
Street.
On
Aug. 28, AT—
Mobile
Charleston
Tolat.
Fri.
Florida
New
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
add similar figures for New York,
at the ports named.
which are prepared for our special use by Messrs. Carey, Yale
New Orleans
Becei2>ts
Seceiptt
[Vol. XLI.
10.824
IM^J"
M «5?
* InoiuatiH uxp4>rt4
S3
R^
8,004
2 741
"—
Wed
.
.
Eaay
...
Export,
Oon- Spec- Tran
^sump ul*Vn sit.
I
208
460
414
62«
975
630
600
10,4003.3111
720
....
....I
....!
....I
Thurs Firm...
10,400
Quiet...
....I
Frl.
DelivTotal.
Sales.
eries.
206 54,100 2,100
460 57,900: 1,500
414 73.4001 2,100
746 49,000! 3,800
120
11,375
1,230
74.31O: 2,500
57,200
2,800
12.831
17n-!8
from Port Kuyal, Ac.
t loolndea export* from Weat Point, to.
Total
...
14,431 365.90014,800
daily deliveries given above are actually
pi«TioU8 to that ou which they are reported.
The
delivered the
day
August
THE CHRONICLE.
1885.]
Tm SiLLBS Aifo Pbiobb of Futdrbs are Bbown by the follow
the
In the statement will be found
n(? ooinproheiisive table.
daily iiiarkct, the priccH of sales for each month each day,
the cluHinK bids, in addition to the daily and total saloe.
ll
I
S
2'
f«Svr *'oS-
o.pI^
0,t»)
?•
•
e.p>
;
'?'
those for (Inwit BriUim and the allout, are this week's retiimii,
and consequently all the H^uropean figures are brought down
to Thursday evening. But to make the totals the comolete
agures for to-night (Aug. 38), we add the item of exports from
the United States, including in it the exports of Friday only.
M
2:
*
to
B
sea
:
o-.'S
i
2:
:
w
i
if:
"?
2
99
tcto
a
citci
^
01 •—
**•:
I
CO
(ft
o
OO
^M
ODOD
-5
^
ceo
ctoo
I
(vtS
CP
coco
2
(ief>
^1
CO
-J
2
OQobOvi
o
_^
5
5
2
csco
osoi
CO..
coco 5*.
CJO
(CO
50 CO
o**:
I
2
C^'C^
COCOqCO
C0C0o9
O"*-
tOCOOt
0<rf^
,».
COO
^
2
**
lO
a>6t
OCJi
2
(jicJ)
cso
o
too
cot
Too
Zf3
5
»co
2
•<
5
c.
5
coco
6 2
coco
•o
9
O'Cfl
COXm^
op:
I
CO
COq CO
,
dcjOci
'
COo'-O
COCOoCO
CjOc;
ciaOcn
O
QCJ
^
ad
2
01 Jt^^
coco
•»:
COtOc o
to
3
00
1
I
2
9*-:
00
COtOoCO
d-i'^d
^1^
00
coco
^
00
1
S
:
^co
O
toco
^
«
:
CO'^oCO
QCtoOco
00 f-
c;t
CO
rf^
5
9}»:
COCOoCO
ccdbOob
I
i^a>
o<
cc»
6-0
5
I
2
I
I
a
2
"
:
ce»oco
COCOo'-^
d
'-'l
g: J-
oo
-
.
I
CO'JD
y*'
2
"*
00
9p'.
cc
coxo«9
CO
cit <ui
Oy
OJ
1-00
coco
5
coco
5
c.
2
**
tjiyi
2
cJ"
toco
X
cecoo''?
2
I9r:
CO CO o CO
COM
^1
|**0
^
*
coco
^
C5
I
^
e:»
2
s»:
CO
O CO
COCOOCO
-q-'l^d
CO -^
5
coco
>-'
->
9
coco
coo
oco
2
Total Continental stocks
301,300
411,800
®
0-.01
*!
I
235,100
221,700
915,700
238,000
48.000
Total European stocks
tndla cotton atloat for Europe.
1
I
s.to;
COCO§'.D
ob^Oco
Co
ioto
CC^
IC-
coco
5
2
toi
Total American
Indian, Brazil, Ac.
00
2
OOoO
dood
00
00
2
G*co:
Continental stocks
tndla afloat for Rurope
E<;ypt, Brazil, tio., afloat
Total East India,
Total American
1^
K!K>
2
d
:^
1
a
.^d
(0<I
1
CDCOO
a
5
A
"
=9
o
5
2
•<
542,224
291,000
69,000
185,800
143.000
12,000
276,000
45,900
125,100
197,000
22,000
323,000
73,000
147,700
238,000
13,000
380,300
796,674
6*J6.0nO
700.800
848,703 1,066,705
794.700
542,224
ty
1,176,971 1,549.508 1,732,705 1,336.924
6i«d.
lO'eo.
5>fid.
lOoiec
5»fd.
lOigc.
The imports into Continental ports this
7ied.
12''eo.
week have been
18,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of ii73,534 bales as compared with the same date of
1884, SL decrease ot ."iori.Tyi bales aa compared with the corresponding date of 1883 and a decrease of 159,9j0 bales as
compared with 1882.
—
TOWNS the movement that is the receipts
since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-84 is set out in detail in the following statement.
for the
INTERIOR
week and
—
oSr:B3>-CHO<i2'c;oa!3goggo>
05
co-o
toco
to*-
9t.
CO
<
'
'
2
"
M
O *- OT CO
Ui X
O O CO
OCJ
I
o
cn'rxP r 2 °
9
g3
O;
CD 3,
,L
.
;»•.
[-..
:
,
M
tJ
GDif»0>
QDO*^I^OcO<ltO:;)C^COOOOOD
M
lOMMt-MMOO
*.
i;^ If^
^1
OO
do
<
2
:
I
9r'
I
«
•goo.
I-^WIOO
CCOMI-.
•-fcoOto
o.
Co
^O
:
li
I
01
^;
- o o CO
-QUOO' MC«MHMMC^r-rO
"-•
*»-
>-•
1
iit »-• • 1 CO to
V"^ M 00 CO M^
M h-l-'CS'--: M To
COO
— ooocoooo
ac^Oi;^ceo9VMOo< ctooc;'C;i(o^o
;
c;>
c: K
<
^Cfl'
CO a;
l«
M^
COoO 00
oo
:
C *J y
C0Oif^<^CCO>-
OR
CO 5 00
MK, 2
OM
9
;
l^UtOi^<
:
OOoO 0009
tOiJ
— tout
•»
p-'^^to'-'
li
to
I
848,708 1,066,705
194,000
23.000
111,300
51,000
1,000
CO
coto
oco
dco
Mil
I
:
w w
a;
796,674
CO*-
OOo? 0909
o
cc
21
8,034
2,720
12.916
3,300
ay:
to<i
I
Ac
Total visible supply
Price Mid. TTiil., IJverpool
Price Mid. Upl.. New York
oooo OOoO oogo OCoO OOoO C OoO
6-od »^>io.l Mood coco o •-^od
ddod
on
9| 5 00 ^ •I
3 CO 5 9, 5
CJ'Ci
36,0f5
6,100
15,351
2,800
g g
CO 00
Cw
CJi
It'
—
Uverimol stock
Londcm stock
ofo;
au:
au:
COOoO coSa CDOo'-O
cbd^d odOco
dd^co
—
I
I
o
^
s
5
"-'ioi-'
-M
M M
o^
oco
ceo
n;o:
cooo9
to
2
1.176,974 1.549,508 1,7.52,705 1,338,024
United States interior stocks..
United States exports to-day..
4 O -i
J 99
<»
13,000
111.470
8.034
2,720
Of theabove, the totals ot American and other descriptions are as (ollowi:
American—
Liverpool stock
bales 429,000
446,000
591.000 298,000
Continental stocks
190,000
2^6,000
IKO.OOO
74.000
31.000
American atloat for Europe...
36.000
42.000
48,000
12.1. 523
United States stock
124,492
231,540
111,470
-'l
coco
Oiob
300
947,300 1,217,800 1,198,000
51.000
143,000
197,000
3 ,000
Amer'n cutt'u atloat for Eur'pe
3(i,000
42,000
1.0(10
EKypt,Brazil,Ac.,allt for E'i'pe
12,000
22,000
128,523
Stock In United States ports
124.492
231,540
15,;i51
Stock in U. 8. Interior towns
12,916
36,0(15
2,800
United States exports to-day
3,300
6,100
!0,(JO0
CSCOoCO
toco
oo
27,000
1,900
8,000
104,000
694,000
2,000
36,600
12,000
2,000
61,000
13,000
11,000
rt
COCO
4.^,000
1882.
621,000
73,000
124,000
1,600
25,000
:2,«00
6,000
AT THE
"
10
"^
o CO
I
?
9?o
Oto
912,900
4,200
900
CnCiOcJt
o
cc
606,000
4,700
61,100
45,000
3,100
210,000
6,000
57,000
14,000
10,000
rffc
C^COh>^
coco
Br:
IfrCa
^
o«
».":
CO CO
obobOcb
MtO
coo
1
».-<:
coco
0!»
O Jt
''
:
(Xio
646,000
5,700
35,300
88,000
(iOO
Cscnco
CDCDqCO
<jd
(ft
9=
00
CO CO o '?
<i«jod
^I
-I
2
COCOOCO
<iobOcD
I
cu 1?
*-
ccco'oco
ddOo
o oa- to
toco
^ICl
cc;»
o» tj,
«5''':
O03
C0C5
1883.
887.000
45,900
cocco'c?
CD
y 03
1884.
737,000
69,000
1,700
154,000
4,000
44,000
9,000
9,000
JCast
*<
I
2
^
oiui
«.''•
COCCqCO
op:
I
•
dc»
5
eD(0
obcn
5
coco
I
*X
-
«o"
CCCDO^
I
cca>-"
CD:s — CO
•
2:1,000
621,000
Total Great Britain stock
Stock at Hamburg
Stock at Ilreinen
Stock at Amsterdam
Stock at Kotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Oeuoa
Stock at Trieste
Total visible supply
y
«oO
»?;
I
bales.
a^ ^
§5
CD
coco
;
5
coco
to
obfflC
KJIOOto
to
or;
I
».";
I
go coc9
eoco OOOO
cooo
COCO
OD-J
q
oca:
4
2
^
»-i-0«
too
<0C5
'
0="
OCp
ci<
L,
-J
«ico:
I
.» COoO
=
2:
a;
;
eio'
COCO
0..'
^ *. 3*
(*
fltock at IJverpool
Btook at lyondon
ftp.g
;
»>
2:
•
"'2«>"
"Siik.
;5: r ;g: y :g:
•
o
Ths Visible Supply or Ootton to-niffht, as made up by eabi*
is as follown. The Continental Btooks. aa woU aa
•nd telegraph,
1885.
*''o?> T'wS'^
a'
?m
44
50 Oi
and
246
;
-^—
.
'
'
;
.
o)»:
oo».
locji
;
rrci;>-«asto:fl
C^M
cotoOto
kdiCk
to
Includes sales In September, 1884, for Septemher, 158,200; Bepteiuber-Oct4)ber, lor October, 421,800; Scpt-t^niber-Noveiiilier, for November
582,200; Beptenibt^r-Deccmber, for Uicuiuber, 1)07,800; SeiiteiiibepJaniiary, for January, 2.114,1IX); Septcnibcr-Februiirv, for February,
1,95S,200; St>piiMubi)r-Maroli. tor March, 2.294,100; Septcnihor-April,
*
for April. 1,738.51)0; Scplimber-MHy, for May, 1,17m,.500; Septemberfor June, 1.800,700; SepteiubHr-Julv, for July, 847,500.
%iW~ We have Inclutled in tUo aoove laoie. ana tiuali couilane eaoh
week to Klve, tlie averaee price of futures each day for each month. It
June
win
found under each dav following the abbreviation " Aver." The
average for eaoh month for the week Is also irlven at bottom of table
Transferable Orders— Saturday, 10-20c.; Monday, 10 2.10.; TuesdaV.
10-20C.: Wednesday, 9S5c.; Thursday, 10'20a for August; 9-SOc, for
September Friilay, 9-85o.
Shoit notices for August— Tuesday, lO-lSc.
ocn
ceo MWtO
oo
-*-a«o-Jo. ttoto.
l>e
lO^COlO
CE.X<*0
"
tap
;
The following exchanges have been made daring the weeks
?03 pU. to oxoh. 100 Nov. for Deo.
*
Thla year's figures estimated.
The above totals show that the old interior stocks have
decreased during the week 560 bales, and are to-night 2,435
THE CHRONICLE.
246
bales
the
more than
at the
same period
last year.
The
receipts at
towns have been 2.350 bales inore than tne same
ga^n."
last year.
week
MARKETS.-
OCOTATIO.SS FOR MIDDLING COTTON AT 1THEB
of niiddling
In the table below we give the closing quoiations
cotton markets for each
cotton at Southern and other principal
day of the past week.
Weeh ending
Augu$i 2S.
Galveston
0I/)SINO QUOTATIONS
Sahtr.
Tue».
Wednes.
Thura.
938
936
938
9»18
9>«
938
938
9»18
gia
938
938
New Orleans.
Mobile
SuvaniiHh
CUailestou
VFIliiiluKton
99n
9k
938
938
.
..
•.lU
10
10
10>4
lOH
lOH
10%
10
10
10
10
K^a
lOHi
lO"*
1038
1(138
1038
10%
10%
10%
919
9'8
931
1038
»>«
10
Ill's
1038
Phlladelplila.
1<%
10^
—
9»a
913
k
Jbaltiii-.-re
Augusta
Bt. Louis..
9%
9%
9^8
!<%
Cincinnaii
1038
1038
lOlg
1038
101b
Mempliis
liOlUBTille.
\
10 le
rri.
9^
9>9
9%
10
10
1014
10
10»a
1038
.
FOR MIDDLISO COTTOH OK—
Mon,
Q\
9%
1038
1018
Weather Reports by Telegraph.— Our telegrams from
crop outlook
the South to-night indicate a less satisfactory
man^
than of late. There are complaints of damage from
drought, worms, caterpillars, etc., being the caus
given but to what extent the previous very flattering prospects 'are to be modified it is as yet too early to determine.
The South Atlantic Stales have been visited by a very severe
been
cyclf.ne and it is probable that the Sea Island crop has
sections,
A fl.Tn
ft,
gP(-l
Texas.— It has rained on one day of the week,
therainfall reaching seven hundredtlis of an inch. New cotton received thus far 5,705 bales. The thermometer has
ranged from 78 to 91, averaging 85.
ludiaiiola, 3'ea-•a.^.--^Ve have had ram on two days of the
week, but not enough to do much good, and we are suffering
ya-ct.'^inn,
[Vol. XLIT
estimated at twenty per cent. Average thermometer 79, highest 95, lowest 57.
Leland, Mississippi. The weather has been cool during
the week, with rain on two days, the rainfall reaching sixtyfour hundredths of an inch. Every one seems to have become
reconciled to the short crop. The thermometer has averaged
78-1, the highest being 93 and the lowest 60.
Little Rock, Arkansas.— Fi\e days of the week have been
The rainfall reached
fair to cloudy, with rain on three dajs.
eighty-one hundredths of an inch. Cotton has been greatly
damaged in this State during the past two weeks, and the
crop is not expected to be larger than in 1884. The thermomLast week was
eter has averaged 81, ranging from 63 to 95.
clear and pleasant. The thermometer ranged from 64 to 94,
—
and averaged 78.
Helena, Arkansas.—It has been showery on one day and
the remainder of the week lias been pleasant. The rainfall
reached twenty-nine hundredths of an inch. Crop accounts
are less favorable; it is claimed that the crop has been badly
damaged. The thermometer has ranged from 61 to 91, averaging
78.
Memphis, Tennessee. —We have had
rain on one day of the
week, the rainfall being inappreciable. The drought continAverage thermometer
ues. Crop accounts aie lessfavorable.
highest 93, lowest 59-5.
Nashville, Tennessee.
80,
—
The thermometer
lias
We have had no rain all the week.
averaged 79, the highest being 94 and
the lowest 56.
Mobile, Alabama.— It has been showery on five days of the
n eek, the rainfall reaching twenty-one hundredths of an inch.
The crop is developing promisingly in general. There are
complaints of rust, worms and shedding in Central Alabama.
The r* ported damage to crop is much exaggerated, although
the extreme possibilities have been considerably curtailed.
The thermometer has averaged 79, ranging from 69 to 92.
—
Montgomery, Alabama. We have had showers on two
days of the week, the rainfall reaching seven hundredths of
an inch. Boll worms and caterpillars are reported everywhere,
and it is claimed that great injury is undoubtedly being done.
'1 he thermometer has ranged from 65 to 94, averaging 79.
rains
dreadfully. Some cf the upper i ouiities which have liad
Selma, Alabama Telegram not received.
highest
Average ihermometer 84.
will make splendid crops.
Auburn, Alabama. We have had rain on one day of the
of
an
93 and lowest 77. The rainfall reached four hundredths
week, the rainfall i-eaching eight hundredths of an inch.
Caterpillars have appeared, but the injury done is as yet
Palistine, Texas.— We have had one good shower during limited. Crop accounts are less favorable. It is claimed that
of
an
hundredths
twenty-three
the week, the rainfall reiching
rust is developing, that the bolls are dropping badly, and that
inch. The crop is a good one though ,t has been much injured the top crop will be poor. The thermometer has averaged 78
has
thermometer
finely.
The
progresses
by droUKht. Picking
the highest being 90 and the lowest 63.
averaged 82, the luKhett being 93 and the lowee^t 71.
Madison, Florida.— We have had rain on five days of the
dry
warm
and
been
weather
has
The
Btnih-ci lie, Texas.—
week, tne rainfall reaching two inches. Caterpillars are regood.
progress.
making
good
0roi)8
is
Picking
all the » eek.
ported to be doing much damage. The thermometer has
The thf-rmometer has averaged 84, ranging from 72 to 95.
averaged 86, ranging from 80 to 90.
week.
Much
rain
all
the
no
have
had
Teuas.—'We
Lulnip,
Macon, Qeoryi'i.—lt has rained on one day of the week.
damage lias been done by drought. Good rains lave fallen Picking is progressing finely. There are reports of damage
will
fair
sections
make
those
and
westward,
and
southward
from rust and sheddmg, but no serious harm has been done.
The thermometer has
Pickii g progresses finely.
crops.
C'dumbus, Heorgia.—The early part of the week was clear
ranged from 76 to 97, averaging 87.
and pleasant, but during the latter portion we hive had rain
Columbia, Texas.—The weather hnsbeen warm and dry all an two davs. The rainfall reached thirty huniredths of an
theweek— just as desired. Pir king is progressmg finely. The inch. Crop accounts are less favorable on account of rust
cotton crop promises well if the weather continues dry. Rain and caterpillars.
Average thermometer 78, highest 89, lowest
Average thermometer 65.
is feared ai^ it may bring oaterpillare.
83, highest 93 and lowest 71.
Savannah. Georgia.— We have had rain on six days of the
Brenham, Texan. It has rained splendidly on two days of week, the rainfall reaching five inches and eight hun Iredths
the we. k, ilie laMi'all reaching one inch ann ten hundredths. The thermometer has averaged 80, the highest being 93 and
Tl-e rams' were very beneficial, and, notwithstanding the damage by drought tl e crop will be a fair one. Picking progresses
Atigusta. Georgia.—We&ther during the week dry and very
well. The ihermouieterhas averaged 86, the highest being 99 warm, with one light rain. The rainfall reached six hunand the lowest 73.
^,
dredths of an inch. Accounts are somewhat off, but the crop
,
,
,
,
,
,
Picking is
eu a.s-.— We have had one good shower during the is in verv good shape, an i promises a fine yield.
Beltun,
of
an
inch.
wei-k, the rainfaU reaching forty hundredths
progressing finely, and new cotton comes in fieely. The rewh
have
had
this
week
Hardiv enouuh I'ain, but with what
ceipts for the week are mainly made up of new crop. The
and l,:st wet k the crop prouii-es reasonably well. The ther- thermometer has averaged 80, ranging from 63 to 99.
langing
Jrom
to
97.
65
nionie;er );as a\ei.'iged 82,
Atlanta, Georgia— it has rained on one day of the week,
V^tiitherford. Texas.— It has lained splendidly locally the rainfall reaching three hundredths of an inch. Weather
hut
unto
immense
doing
sood,
week,
on two days of the
toodiy. The thermemeter has ranged from 60 to 91, avertunately the rain did not full over a large portion of the coun- aging 77'4.
1
/.
J
c
The therni<imeter has ranged
ty, which is siill suffering.
Cnarleston, South Carolina.— It has rained on five days of
rainfall
reached
one
inch
and
the
t«elve
hunaveraging
79,
and
from (0 to 97,
the week, tbe r.ainf ill reaching six inches
and two hum rei ths.
dredths. Average thermometer 80, highest 89, lowest; 68.
days
Dalla.i, Texas.— We have had one delightful shower during
Sliitebv,'g. Smith 0-irnlma—lt has rained on three
the wceii', ai d the indications are that it extended over a wide of the week, the rainfall reafhing one inc:i and twenty-seven
surface, 'nie rainfall readied nine y-one hundredths of an hundredths. Catei iJillars have appe.ared, though with limited
nch. Picking is making good progress. Crops are good injury s * et. It i« claimed that much damage has teen done
despite tint drought. Average thermomettr 85, highest 100, by drought and shedding, and that the t.p crop will t,e poor.
lowf St 69.
,
Picking h-:s commenced. The thermometer has averaged
T
.
J
HeiK Orleans. Lauistana. It has rained on four days of 78-2, ringing fioin 64 to 93.
the wei-k, the rainfall reaching one inch and ninety-four
Wilson, North Carolina.—We have had ram on one day
hundredths of aa
hundred! iis. The tliermometer has averaged 83.
of the week, the -ainfall reaching thirty-six
—
—
—
.
.•
—
.
..
S/'reie//"rt, Loiiisiaun.- Rahifail lor the week ninety inch.
Crop accon.its are less favorable. Tne thermometer
hundredlhsof an inch. The theimomeler has averaged 79, has ranged f rem .55 to 98, averaging 83.
,.
u
the hi^'hest being 93 and the lowest 63.
The toUowing statement we have also received by telegrapn,
Mtr.d an. iJisyUsippi-.—We had rain during the early part BhowiiiK the heiirht of the rivers at the points named at 3 o clock
of the w e<-k, but the laiterpoition has be. n clear and pit asant. August 27, 1885, and Augus; 23, lti&4.
It is <laimfd that much damage has been done by caterpillars
and bobwornis, and that in consequence crop estimat. s are
Aug. 27, '85 Avg. as, 'S*.
twei ty-five per ceiit IfSS than a month ago. Picliing proFeel. Inch.
ranged
from
has
to
68
88,
The thermometer
Feel. lt\ch.
gresses finel)
«
li
9
Below lilnh- water mark 10
New Orleans
avei aging 78.
8
6
2
10
Ahcve low-water luark
1
Cnvii.lv s. Hii'S'issippi.—Uhae, rained on one day of the Meiiiiihis
1
1
luiuk
Aliove low-wuter
Niislivllie.
10
three
hundredths.
and
inch
I
one
3
week, the r infall itacliing
Alii've low-water-niark.
^hievpport
8
9
8
been
done
by
shedding
16
has
damage
It is clainied that, much
A1)0» e low-waier-iiiark.
Vicksbui-K
and boll worms. The decline in condition during August is
,
.
.=>
August
THE CHRONK^LE.
29, 1886.]
Cottov Cxvtv CiR'-t.'HR.— Our annual Cotton Crop Circular
Orleans reported below hlRh-water mark of 1871 until
1874, when tlio zero of (fauxe wan cliunKed to hinhwater mark of April 15 and 18, IS"), whieli is (t-lOllis of a foot
New
Hept.
ending September 1, ISS.'i, will be ready aVjout the
10th of September. Parties desiring the circular in (juintitios,
with thoir business card printed thereon, slioul I send in their
onlers as soon as possible to ensure early delivery.
for the year
9,
above 1871. or 10 feet above low water mark at that point.
India CJotton Movement from all Ports.— Tlie receipts
and Rhiptuents of cotton at Bnnil>ay have been a.s follows for
the week and year, bringing tlio figures down to August 27.
BOMBAY BSOBIPTS AND SHIPMENTS rOB POOB TEAKS.
SKipmenti tinee Jan.
iShipme nlt thi$ week
TAtu
Tear] area I
Total
IBriVn
1895
1884
Since
1
987,000
1,000
3,<I00 1.530.000
4.''4,(KK) ."lO-'.OOO I.(>R2.(iOO
1,000 1,000 441,011(1,775.000 1,216,000 3,0(10 1 ,.M 1 ,000
4,0001 7,000 723,000 5!l0,00J 1 ,3 3,000 11,000 1.(01,000
1883'
1882
on Wednesday, August 20. Ljvst year the first bale
from North Carolina was received at Norfolk August 27.
folk, Va.,
Jan
Iftefc
675.000
1,000 217,0n0l 458,0 VI
1,0001
New
North CJauolina Cotton.—The first bale of cotton
of the crop of 18S,5-80 raised in North Carolina reached Nor-
Reeeiplt.
1.
,0001
Egyptian Crop.— Our correspondent at Alexandria sends a*
the following interesting letter respecting the prospect* of
csotton in Egypt the coming year
:
Alexandria, E gypf, August
1
Messrs. William
According to the foreRoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
2,000 bales, and nil increase in shipments of 1,000 bales, and
the shipments since January 1 shew a decrease of 407,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and sine* the Ist of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
ahipmtnUfor
Britain.
Shipmentt tinte January
wetk.
<ft«
Great
Continent.
Oreat
Total.
Continent.
Britain.
Calcutta—
1885
1894
1.
Total.
51.400
87,500
17.500
40,200
127,70('
4,010
31,400
"boo
32 000
24,7C0
9,500
25,700
11,800
50,400
21,300
83,100
128,100
43.200
176,300
181,000
71,900
1885
1884
All others—
18H5
isa4
i.obo
i'.obo
4,000
aU-
1885
1884
i'("oo
The above
i'.ooi)
52,(;00
week show that the movement from
is 1,000 bales Jes.i than same
totals for the
Bombay
the ports other than
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
two previous
periods of the
years, are as follows:
EXPORTS TO EOROPB FROM ALL INDIA.
Ji.
Dana
d-
Oo,
:
new
;
1884.
1885.
SJi.'nmente
to all Europe
ThU
from—
meek.
Bombay
Jon.
week.
1.
Jan.
Since
Thit
week.
/Since
1.
Jan.
1.
1,000
675,000
126,300
1,082.000
i'.bbb
181,000
1,000 1.216.00<
123.00(
1,800
1,000
901,300
1,000 1,263,0
2,800 1,339,900
All other porte.
Total
TMt
Since
1883.
11
This last statement affords a very interesting comparison
the total movement for the three years at all India ports.
f
(
—
Alexandria Receipts and Shipments. Through arrang* ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable c.f
the movements of cotton at Alexandria, Egypt. The foUowinji
are the receipts and sliipments for the past week and for th<
orresponding week of the previous two years.
Alexandria. Eaypt,
1884-95.
August 26
Beoelpts Hiaatars*)—
This week
Since Sept, 1
1S83-81.
Since
week. Sept.
1.
2,254006
2,f96',6()0
3,ei's.o"6
TMt
1882-8:-
TMt
Thxt
Sinee
week. Sept. I.
Situi
week. Sept.
m
.
Exports (bales)—
Xu Liverpool
Xo Continent
299.000
203,000
254,000
239.000
140,(i00
9»,OOl
Total Europe
502,000
394,000
328.001
1
Acantarl8 98 lbs.
This statement shows that the receipts for the week ending
Aug. 26 were
cantars and the shipments to all Europe
*
bales.
m
to follow.
Finally, the haivest of cotton takes place in SeptembsrOctober, and in November grain and beans are sown, in Lower
E^vpt (the Delia) mostly wneat.
Now, notwithstanding ths abundance of water, which has
never failed, with >ut having any other c luses to explain it,
the last harvest of grain has turned out a miseab'.e one, worse
than u has been for years both in quality and quantity.
The general belief is that the quality of the cotton grown
this teason will be dicidedly infeiior. this opinion is lased on
the fact that obseivation has shown that every season in which
"
water was abundant the thread is wanting in f-trength and
vigor, a'thouyh longer. Samides of new cotton have alrrady
reached us, the 2Sih of July, from Faioum. It is true that no
general opiuion can be forratrd from these sample^ (that being
premature, for in general Upper Egypt liarvests are earlier),
still it only confirms what has been said above with regard
to the quality.
It is provable that this season the cotton harvest will be
Nothing, however, is yet sure;
earlier by about fifteen days.
all has gone well so far; the weather has been abundantly
moist and
warm and
the water has been well distributed and
sufficient during tlie summer, and in abundanc- the last month.
single night of f(jg might ruin all, and two days of rain
A
Yours,
E. S.
destroy the half of the harve-t.
P. S. Not only has the harvest of wheat been short, hut also
maize, barley and lentils, the arrivals of which on fXchange
are minimum this season. Maize particulirly has failed it
might be Slid that no shipment for Europa has been able to
avoid a claim all fermented on the voyage.
;
—
Manchester Market. Our reoort received from Manchester
to-night states that the market is quiet.
give the
prices for to-day below, and leave previous weeks' prices for
We
comparison.
1884
1885.
S2| Cop.
JwUC
6.
4, 1886.
:
The treneral opinion is that the prospects for
harvest continue very favorable; the water is (piite
abundant everywhere, and if the fogs or rains do not interfeie, and it really the estimated increase of 10 fusr cent in the
acreage is verified, wo shall have ncxtseasonan abundant harvest of say 4,000.000 to 4,100,000 cantars, again-t ithis season)
1884-85, 3,750,000 cantars, against (last sca.son) 188:1-84, 2,700,000 cantars. Notwithstanding the above view held by our
merchants up to this time, I, for my part, do not think that
we shall reach the figure of 4,000,000 of cantars for these good
reasons:
We must not forget that the figure never before reached in
Egypt 3% millions, which is the crop for this season; and it is
not due now so much to the greater extension of sowing as
to a larger return (per feddan) brought about by the abundance of the water.
It is tiuo that this season water exists in the same or even
in greater abundance, but on the other hand in looking over
the statistics for the last twenty-five years we shall see that
during this lapse of time there is not a single abundant harvest succeeded by another; we shall observe rather that it is
only after each four, five or six years that the abundant harvests succeed each other.
This is explained in this way: The cultivation in Egypt
knows absolutely no fertilizer other than water, and water on
its part suffices perfectly for the amendment of any soil and
for tillage, according to the seasons.
Yet, on the other hand, it is reasonable to suppose that a
limit to the fertility of Egyptian soil exists, and this, indeed,
the records prove the land follows the same natural laws as
order
elsewhere, and has need of a rest after each harvest
to re^^ain its fertility. The harvests in E;4:ypt being very close
(occurring as often as three times a year), an abun<iaiit yield
of any production whatsoever it may be causes a scanty one
(lENTLEMEN
the
MadrHS—
Total
247
i.
J'ne26 7ll,« 87i3
July 3|7''9 ^S'lo
" 10 71!>i«a8ls
17 S
itSHi
24 8i8 aS'ifl
" 31
Aug. 7 8S,^a858
••
14 8:ii>»8»R
" 21 83,g»S58
" 28 83,««8iS8
SH
Oott'n
lt>:
SMrtingt,
d.
a.
il
«6 11
«61l
5 »6 11
5 «8 11
6 a?
6 «7
a7
»7
«7
«7
5
5
MU1.
Uplit
d
8°8
5"ie 8»s
5»8
858
8<>«
f>H
59l6 S»8
5'9
8»8
5»(>
»
Uu.
Bhirtingt.
7v)itt.
d.
(1.
8H
32« Cop.
Oo'fn
R.
918 5
fligS
Big 5
»
»
« 9>«5
a 9195
» 9% 5
8i,»7
8»Ha 918 5 8»9»7
9i«5
8>«»7
89i«»
91,„I5
9i8'5
<1
s.
»7
W7
»7
«7
87
7i«i»7
Vpldt
60 a
6"ie
63l6
6>4
614
Hi«
E.x ports
for the First Six Months op
1885.
—We have received today from Messrs. Wallace & Co.. Bombay, a statement showing the exports of cotton to Europe
from all India ports for the six months ended June 30, 1883,
which practically confirms the telegraphic returns as published
in the Chroniclis
follows
from week to week.
The statement
is
as
:
1
m
1>«'
6%
1>4
63i6
6I19
*iH
0>9'
51«
7»«ffl7 OH
8»nt
East India Crop Prospects. Our cable from Bombay
day says that crop accounts continue cncourag^g.
—
—
East India
Exports
fn.m—
Rimiba.v
Kitrracbee
Calcutta
Madras
Tuilcorln
Coconada and Masullpatam
r> Great
I0
Britain.
Continent,
200.007
9,512
65.156
3,247
24,M04
427,H:i«
Total,
500
10,456
6^7,843
21,5S8
71,438
3,iA7
34,493
10,956
293.326
47«',i44
769.570
12,076
lu,2d-
"9,591
to-
Total
THE CHRONICLE.
248
By
reference to the Chronicle of July 4 it will be seen that
made up from the telegraphic returns, was
767.900 bales, or within 1,700 bales of the actual mail returns,
which have only just arrived nearly two months later.
our
Spot.
[Vol. XLI.
Saturday Uonday. Tuetday.
Fnday
Wednei. T^urtd'y.
total, as
—
Bagqino, &0. — There has been quite an active
Jute Butts,
demand
and considerable
and offers of a
some large parcels have been
for bagging during the past week,
business
is
shade under present figures for
declined. Sellers are looking for a further advance, but at the
close 9}4c. for IJ^ lb., 9^40. for 1% lb., lOJ^c. for 2 lb. and
llJi^c. forstandard grades are the quotations, and 3,000 rolls are
only a moderate call for
wants of the trade.
unchanged, though the feeling is easy, and
reported within this range.
There
is
butts, orders being confined to the present
is
naming IJs®! 15-16c. for prime quality of
paper grades and 2J 802=30. for bagging quality.
SHiPPlNa News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, thtse
10,106 bales.
are the same exports reported by telegraph, and published w
With regard to New York we
the Chkonicle last Friday.
include the manifests of all vessels cleared up to Thursdaj
night of this week.
sellers are still
—
Total hales.
New York—To
Liverpool, per steaimerfi Aurania, ',-^00
Britaniiie, 1.196
ity of Chtstcr, 1,576
City ot Rome,
869 ...Heivelia, 837....La Plai-e, C50
To Hull, per steamer Otranto, 200
(
6,^23
To Havre, i)er eteamer Amerique, 53
To Bremen, per steamer Neckar. 150
To Hamhurg, per steatner Moravia. 100
To Antwerp, per steamer Westernland, 100
To Genoa, per steamer Mount Olivet, 3i'5
New Okleans—To Liverpool, per steamtT Merchant, ais
Boston — To Liverpool, per steamer Favonia. .*)75
PHtLADELPHiA—To Liverpool, per steamer Britisli Princess, 957
rirm.
12:30 P.M.
Mid, Upl'ds
Mid. Orl'ns.
Sales
4.000
pec.&exp.
500
Prices are very firm,
reported.
The market
Market,
1
Firm at
2-84 ad-
Market,
2:30 P.M.
Market,
4 p. M.'
200
53
100
IJO
100
395
Vera Cruz -Aug. 22— Steamer Estaban
tie
doing.
Firm.
518
5V)
5Bi«
51a
58l6
6,000
10,0)0
7,000
600
500
500
TCasy at
Finn at
2-04 ad-
Steady at Steady al
2-64 ad]-B4 devance.
cline.
An-
cliiie.
Steady.
Steady.
Quiet.
vance.
Quiet
but
Barely
Steady.
steady.
steady.
tW
Sat. Aug.
Mon.. Aug. 24.
i'i.
Open BiQh Low.
(I.
d.
d.
August
5 88
Aug.- Sept..
528
5 21
5 23
5 26
5 2-i
5 28
5 28
6 28
3ept.-Oot,., 5 28
0Ct.-NOT.., 5 23
NoT.-Dec... 5 22
Open Biah Low.
Olot.
d.
d.
S26 5 28
522 5 22 5 22
5 22
5 22
5 22
519
5 22
5 21
5 26
522
5 19
5 20
5 23
5 25
53
150
100
100
395
948
575
957
Jan..Feb..,, 5 23
Feb.-March 5 28
6 23
6 28
5 23
6 28
March-Apr. 528 6 28 5 23 5 23
Wednes., Ang.
Open Bigh Low.
d.
d.
August
5 29
5 29
AiiK..Sept...
B2a 6 29
5 23 623
3ept.-Oot..
Oct.-NOT_,, 6 22
NoT.-Dec... 6 21
Dec.-Jan ... 521
Jan.-Feb,,., 5 23
Feb.-March. 52a
March-Apr, 529
29
25
23
20
5
5
5
5
522
5
5
5
5
5
5
22
23
21
23
26
29
d.
5 25
5 25
5 23
5 20
6 19
5 25
5 25
5 25
528 5 21 5 28
5 25
6 20
5 28
5 26
6 23
519 619
10 5 19 619
5
5 20
5 23
5 23
d.
5 32
5 33
21
5 29
6 29
5 25
5 22
5 22
5 21
5 23
5 26
S23
528
6 29
5 29
29
29
25
22
21
523 6 23
5 20
5 20
5 23
5 23
5 20
523
5 23
d.
d.
d.
6 28
6 85
5 22
5 22
5 23
6 26
5 29
629 5 28
523 5 22
5 26
Frl.,
5 25
d.
631
6 31
5 30
5 31
5
5
5
5
31
630
27
21
23
5i8
5
5
6
27
21
23
23
23
27
5 26
6 23
5 22
5 22
6 24
5 26
5 31
530
530
31
5
527
6 24
6 23
5 23
6 25
5 27
5 30
21
21
28
625
528
toio. 010$.
6 31
5 31
5 27
6 24
5 23
5 23
5 25
5 27
5 25
5 23
5 23
6 26
28
Ang. 28.
d.
31
528
6
5
6
5
5 22
5 21
5 21
d.
5
5
5
5
d
5 2S
5 23
6 22
5 22
d.
532 5 32
528
5 28
5 23
5 23
5 23
6 26
5 28
5 31
d.
5 28
Olot.
528 5 23
Ottn Biah tow. GUM. Open Bith
d.
5
6
5
5
5
5
Open Bioh Low.
d.
Thnn., Ang. 27.
ijti.
Oloi.
Otoe,
d.
d.
d.
Tnes., Aug. 25.
623
5 25
5 27
5 80
5 29
i.
530
5S0
5 26
583
522
582
524
588
58«
BREADSTUFFS.
the latest dates:
New Orleans— For
500
2-114
Firm,
5 23
10,106
500
Firm.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
The pntea are qiven in pnice and 6Uhs, thtis: 5 62 meant
5 62-64rf.. ana 6 03 mean* 6 3-64d.
Total
9.108
7,000
5'16
51s
8 000
vance.
The
Total...
tendeacy.
More
Futures.
Dec.-Jan
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
eteady.
57l6
2(i0
10.106
particulars of these shipments, arranged in our usual
foim, are as follows:
iyH>e>lireJIam- Anlvonl.
Sull. Havre, men.
burg. werp. Genoa.
Total
New York. 6,628
200
53
150
100
100
395
7,626
N.Orleans.
918
948
575
Boston
575
FWladelp'a
957
957
narden*H
An-
tuuano, 1.259.
Friday, P. M., August 28, 1888.
BosT >N-For Liverpool— Aug. 21— Steamer Catalonia,
.
The
market has been only moderately active, sympaBelow we give all news received to date of disasters to vessels thizing but slightly with the fluctuations in wheat. To-day
carrying cotton from United States ports, &c.
there was a fair trade at about steady prices.
Satuiisixa, steamer (Span), for Liverpool, wbile loading ootton at the
Wheat futures were greatly depressed early in the week,
Gui 'U Dock, foot of King Street, cfew York, on August 20, raught
lire among lier cargo.
After the lire was oxtluguisbed It va.s declining about 5 cts. per bushel from the closing figures of Fridiscovered that about a Imndn^d bales of cotton had been damaged
by ar.j and water, which entailed a loss of between ^1,500 and day, under the influence of the statistical position and the
$2,000. The steamer was not damaged. The loss on the cargo slow outward movement.
On Tuesday there was some re was fully insured.
covery on the frost accounts from the Southwest, but on WedCotton freights the past week have been as follows:
nesday the market was again easier. On Thursday there was
renewed activity and buoyancy. To-day the speculation was
Satur.
Mon.
Tua. Wednm Thurt.
Fn.
less active and the tone feverish, under which prices weakened
'64*
^64*
'{4*
Uverpool, steam d.
^64*
'64*
'ei*
in the later dealings.
Do
sail...d.
......
..••
Havre, steam
»32'
«32*
832*
c.
832*
833'
Wheat on the spot has been variable. There has been a
»sa*
Do sail
c.
....
....
..*•
....
good milling demand, while the; export movement improved
38*
38'
38*
Sg'
Bremen, steam. .c.
38
H'
as prices declined; but the higher prices shut out shippers and
sail
Do
c.
....
....
....
....
....
Hamburg, steam.c. ^32®° 16* ^32®^ 16* 's3®'ie' »32®'*1Q^ »32®^16* Saaa^ia' there was renewed weakness at the close, leading to a small
sail....c.
business for export.
Do
...
....
....
Amst'd'm, steam.c. ^4^932 ^43832 "4® 832 H3»32 ka»32 '4a»32
OAILT CLOStHO PKICBS OF NO. 2 RED WINTER WHEAT.
Do
8ail...c.
Sat.
Mon. Tues.
Wed. Thurt.
.--.
....
Fri.
.--.
Fhiladeli'iiia- For Liveriiojl— Aug.
Beval, steam
Do
25— Steamei
British Prince, 1,159.
d. 1S84-732- lS(^-73j. •864-732- 1364-''32' 1364-732* l»e4-''32*
sail
c.
Barcelona,steam,c,
.--.
....
....
"4'
H'
^4*
....
"4*
V
V
Genoa, steam
c. ^le^'sa' Si.s'sa* Sl6®'32
3168732' 3l6®'3a* 3l6®'32*
".4rieste, steam.. .6.
"64*
"64'
"64*
"64"
"64J*'
»8Antwerp, 8team..c.
^H•e*
* Compressed.
V
—
LiVEBPOOL. By cable from Liverpool, we have the following
Statement of the week's sales, stocks, &c., at that port. We
add previous weeks for comparison.
Aug.
Sales of the
week
bales.
Of which exporters took ...
Of which speculators took.
Bales American
Actual export
Forwarded
—Estimated
Of which American — Estim'd
Total stock
Total import of the "week
Of which American
&.mount afloat
Of which American
Aug. 14.
7.
3'),000
Aug. 21.
2,000
3.00c
48,000
5,000
1,000
1,000
32,000
11.000
2,000
6^1,000
478,000
7.00c
e.ooc
39,006
6.000
1,000
616,0O<
451,001
2 8. 000
7.000
6,000
725,000
513.000
19.00
9,000
37,000
8.000
I
,
42 ,00c
36,00(
9,00<
17,001
IS.OOt
36,00(1
15.000
Ang
23.
40,000
4,000
1,000
30,000
6,000
4,000
623,000
429,000
20,000
12,000
40,000
19.000
The tone of the Liverpool market for spots and futures each
day of the week ending Aug. 2S, and the daily closing prices
of spot cotton, have been as follows:
flour
In elevator
94
91
AuRUst delivery
September deliveiT
92ia
92^8
9438
90^4
9013
92=8
94=8
96^8
October delivery
Novemlier delivery
n6%
9s%
91ia
91^9
91
9058
93
93
91%
91%
9379
95'8
977^
99=8
93H
9338
95ii
95!<8
9714
92is
9iH
9238
91>a
SGH
December delivery
S.7'4
99%
9814
January delivery
101
100
98%
99
Indian corn futures have sympathized with wheat, except
that fluctuations in prices have not been so great, and excepting August contracts, on which there has been sometliing of
a "corner," and prices made an irregular advance. To-day a
firmer opening was followed by depression, in which yesterday's improvement was mostly lost.
Corn on the spot has been very scarce, bringing extreme
prices for such small parcels as buyers were obliged to take.
Cargoes for arrival early in September have also brought
more mone^r- To-day corn on the spot was firm but quiet and
nearly nominal,
DAILY OLOSraO PRICES OP NO.
Sal.
Mon.
In elevator
53%
54
August delivery
53%
53
September delivery
5238
52
October delivery
51%
SCs
49%
Si's
SO^s
2 MIXED CORN.
Wed. Thurt.
54
55
55
55
S4
54%
623^
52%
52%
52
51%
Si's
51
51
51%
Tue».
Fri.
55
54%
52%
51%
November delivery
51%
December deUvery
49%
49%
49%
49%
49%
Oats have been comparatively dull. The export demand
h^ fallen off, A slight irregularity was caused by the
AoausT
THE CHROMICLE.
20, 1888.]
eoarcity of No. 3 for d«Iivery on Aunustt coatraots. To day
the opuiiini; W.I8 firmer, witli 8om»tliini; of a ••corner "on
Auxust, but the wliolu mirket weakened toward the close.
UAILY CU)»INO I'KICES OK NO. 2 0AT».
Man. Tiirg.
Wed. nur:
FrI.
Sat.
Si's
Aiiiyimt ilelivory
BuptiMiilx'r (U'Uvory
80^
Oi'tolwr iliillVHrv
30"^!
31
31
30'9
SO"*
31
31>8
30'4
30^
31>4
SlH
S2<i
8iH«
30»8
31
:io-<«
3l>i>8
3i;ti
80 '»
no's
31
31
parcel of new crop
Jersey solJ at C7i!. Birlcy reinnins <iuite no:ninal, but leceiv,
era' views are not strong.
B irli'y malt has become scarce,
from the large consumption promoted by the hut summer
and prices are decidedly better for prime qualities.
The following are the closing quotations:
Nuri'iubor ilellrory
Rye has been
dull
and unsettled.
A
ri.oou.
$2 T.ll* 3 SO Rniitb^n com. extra*.. l("100S 4 8»
a0O<» 3 S.") Soiitheru ixtkurB'and
8iii«Ttliie
family brtturtg
KOOa 5 65
BiiuiiK wlii-ut extrun. 3 40i« 100
Atma 4 00 ByoHour, sapertlne.. 3 309 3 7(1
Allii]i. r:«arnii(>Blrit't.
Flue
>V'lnlt'rHhuiii'Kt*xtrrt«, 3 T.'i'W 4 00
2 75» <i00
Wluti-i XX A XXX.. 4 -J^a h 2b Coru meal—
4.>0»578
Western, <ho
3 10» 3 30
I'utnut*
BraDdywlue, Ao...
O 3 35
Ctty suipvlUKO'
3 759 5 15
ORAin.
Kye—Western
64 » C5
Wheat—
PO » 94
State uud Canada. .. 63 « 70
t^prlDK.per bash.
8pilngNo.2
87 « 8i
Oats— Mixed
27 « 33
4 'J
»4
Wblte
yoifl i
Kud wiuiet, Mu. 2
75 9 97ia
No. 2 mixed
31% * 321a
Red winter
50 » 95
No. 2 white
34 O 31!^
White
.i6
Barley Malt
Corn— West, mixed
54is« 55 Jg
Canada
95 SI 05
West. mix. No. 2.
» 90
fltate, six-rowed .... 85
51 3 57
West, white
54 « 57
State, two rowed
75 » 80
West. yoUow
(iO
White BuucbeiD..
j>
65
q5 a 58
Yellow Bouthem.
Wiiw
t> bill.
The movement of breadstuffa to market is Indicated in tht:'
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending Aug. 33 and since July 28
for each of the last three years:
RteeipU at—
CbtoaKO
Milwaukee
Toledo
Detroit
Clereland.
St.
Louis
..
. .
.
Peoria.
Com.
Wheat.
flour.
OotJ.
Barltt.
BMi.nteitv Biuh.eoihf Btuh.56lb> Bu<fl.32 Ih, Bluh.48U»
2oa.i7y
1,832,855
900.445
36,011
48,901
si.nis
19.580
2,300
22.700
1,089
382.731
52,697
71,946
1,800
2,431
427.652
9,748
40,186
4,185
33.100
2.600
31.300
18.114
414,725
299,616
S90.082
1.830
10,200
138,983
519,670
1,800
Duluth
Bvt.
83,380
6,21'
18,264
14,332
2,000
91,0^7
Tot. wk. '85
109,679
177,077
139,131
1.748.956
2.471,190
l.S83,a«3
41,614
3.138.553
2.517,769
1.97».379
2,553,992
2,780,910
1,898,153
67JJ27
30,853
6.420.426
12.553,084
7,069.025
1883-t...
416,319
782.509
8.223.108
5,178.679
6,611,828
1883-8
614 932
8.999.6 3T
10.622.81;)
5.2j5,8'26
Same wk.
Same wk.
'84
'tis
Since Julu 28
188IJS ..
..
06,860
136,133
108,213
122.216
245.463
334,638
271,400
6<J3.323
249
THE DRY GOODS TRADE.
Fitdar, F. M.. Aocpiit 28, 1889.
There was a buoyant feeling in the dry goods trade the
past week, and a fairly satisfactory business was done by
manufacturers' agents and importers, while a large dUtribution of staple and department goods was made by leading
jobbers. The interior jobbing trade has started up so briskly
that stocks in the hands of distributers have already become
broken, and a good many Western and Southern jobbers
have been compelled to revisit this market thu.f early in order
to obtain fresh supplies. There was also an important re-order
demand from Western markets,accomp!inied by very encouraging reports in regard to the progress of the fall trade, and
manufdctiirere' agents continued to make large deliveries of
staple cotton and woolen goods, dress goods, prints, ginghams,
flannels, hosiery, &c., on account of fbrraer transactions. But
the most marked Improvement in the situation was witnessed
Southern retailers were present in
in the local jobbing trade.
great force and th(:'ir purchases were conducted with a degree
of liberality indicative of confidence in a prosperous fall business. There was also in the market a fair sprinkling of re-
from remote Western marKets, who manifested a disand altogether a very satisfactory
business was accomplished by leading jobbers. The tone of
the market for staple cotton and woolen goods was very firm,
and additional makes were advanced by the mill agents withtailers
position to take hold freely,
out interrupting their sale, while nearly all other fabrics
adapted to the coming season are firmly held at current quotations.
Domestic Cotton Goods.—The exports of domestics for
week ending August 25 from this port were 5,917 pack-
the
ages, including 3.232 to Great Britain, 1,218 to Africa, 531 to
BrazU, 2.53 to Agentine Republic, 137 to U. S, of Colombia, 100
to Santo Domingo, 93 to Venfzuefa, etc.
There was a good,
steady demand for plain and colored cottons at first hands,
and a large distribution was made by the principal jobbers.
Brown sheetings were more freely taken by converters, and
Bleached goods were fairly active, and fine
prices ruled firm.
grades, as New York Mills, Wamautta and Utica Nonpareil,
were advanced to lOJ^c. w hile lower qualities ruled firm at the
Wide sheetings, cotton flinnels and colored
late advance.
,
cottons were severallj' in fair demand and firm, and some very
large transactions in grain bags were reported. Print cloths
were in moderate demand and firm, closing at S'^o. for 64x643
857.364
and 2JgO. for 56x60j. Prints were active and firm, several
makes of low grade and 56x60 fancies (which are in meagre
supply) having been advanced l^c. per yard, while discounts
on shirting prints were lessened in some instances. Ginghams
Kyt.
Peai.
and cotton dress goods continued in fair request, firm, and in
moderate supply.
Buth.
Butk.
18,'234
620
Domestic Woolen Goods. The market for clothing woolens
29'63i has been characterized by considerable activity.
Agents continued to make large deliveries of heavy-weight cassimeres
worsteds, overcoatings, &c., on account of back orders, and
there. was a fair amount of new business in this class of fabrics.
620
47,865 Spring worsteds were in active demand, and there was a somewhat better inquiry for all-wool and cotton-warp light-weight
8,125
32,032
cassimeres, but satinets were only in moderate request. Kenwas as follows:
tucky jeans and doeskins were taken in fair quantities, and
Barley,
Xye
stocks are now so well in hand that prices are decidedly firmer,
bush.
bush
2,151 Cloakings and Jersey cloths were lightly dealt in, but there
was a good business in ladies' cloths, tricots, <S;c and novelties
1,500
1.500
15,827 in soft wool dress materials found eager buyers. All1,558
93,309
wool i dress fabrics, as cashmeres, serges, diagonals,
<&c., continued in good demand, but low-grade worsteds, as
1,4(>3
6,578
Flannels were in
beiges, poplins, &c., were almost neglected.
22;605
some cases, and a fairly good
726
521 steady request, and dearer in
71,000
28,000 bubiness was done in blankets, shawls, skirts, wool hosiery,
1,597
16,010
knit underwear and fancy knit woolens. Carpets were more
16,6s(!)
3,574
11,871
153 active, and such makes as govern the market arc firmly held.
10,567
5,722
604
Foreign Dry Goods.— There was a fair movement in
imported goods from first hands, new business having reached
12,'767
an important aggregate amount, while large quantities of
1,071
1,662 dress goods, men's- wear woolens, &c., were shipped in execu466 tion of back orders. Silks and plain and brocaded velvet,
were in moderate requ>'3t, and ttiere was a fair business in
Worsted suitings for men's
3,893
23,435 staple and fancy dress goods.
16,0u0 wear continued active, and a moderate business was done in
The exports from the several seaboard ports for the week
ending August 23, 1885, are shown in the annexed statement:
Exports
Whtat.
Com.
New York
Puth.
527,9o9
Boston.
Montreal.
242.i88
Phlladel..
3J.51I0
Buth.
441.545
25,639
68,630
6i
from—
.
Baltlm're
Flour.
Bblt.
53.16i
40.916
6,886
3,972
1,625
N. Oil'ns.
35,303
Rithm'd
N. News.
32
.!...
Total w'k.
The
In
..
803,657
564,179
112.421
373,777
2.906,131
369,132
183,659
1,960
supply of grain, Aug.
22, 1885,
visible
at—
Hew York
itore
Do
120
5,825
B'me time
1884.
OaU.
Btuh.
320,211
16,133
37,313
afloat (est.)
Wheat,
bush.
5,137,249
374,938
Albany
],.:)(i0
Buffalo
3,127.681
14,019,010
OhioaKO
Corn,
bush.
Oats,
bush.
242.159
198.715
4.0U0
300.131
1,290,702
488,637
428,343
6,500
61.249
1,832
826
90,890
21,786
110.000
348.937
29,-67
163,567
48,396
29,351
7,901
130,848
Newport News...
Klohmond. Va....
MUwaiikee
Duluth
Toledo
Detroit
Oswego
Bt. Louis
Cincinnati
Hoflton
IDrouto
.M.iiitreal
•l.fiphia
I
1
!
h
liiinaiwlls
KanBaaClty
Baltimore
58.1
88
3,317,501
1,942.233
1,46>,106
507,700
1H5,000
2,375.956
90.299
17.586
143,070
472,533
1,251.301
4.033
227.897
740,'t79
1.449.793
159,379
Do afloat
Do* n .>iisslsslppl.
On rail
554,915
On lake
1.471,819
On canal
2,135,523
Tot.
Toi,
Tot.
Tot,
Tot,
5,00i)
88,663
59,8'il
37,888
129,777
42,347
89,717
717,548
1,5«9,k2.1
690,930
20'7;725
4,011
165,091
7,306
25,867
98,146
144.938
118,581
9,162
5,508
25,961
7411,047
28,535
68,603
An«.22.'85.
41.244.599
.\u);.15,'85.
Au(,'.i3,'84.
Aug, 25, '33.
5,273,153 2.688,600
1H,021,615 4.217.887 2,3(>2.737
20,714,251 10,266.803 3,697,895
11,565,661 5,587,814 3,635,087
AUK.26,'82.
4(1.383,195
6,315.'475 2.788.2,53
—
,
16,805
118.589 270.388
108,487 197,2!!!
174,358 562,756
354,098 1,576,573
40,096 619,914
other descriptions of clothing woolens. Linen goods, laces
and embroideries were in steady request, and hosiery and
gloves were in fair demand, though less active thin of late.
Prices for the most desirable foreign fabrics remain steady
here and at the sources of supply in Europe.
THEirCHRONICLE.
2f0
SALE OP THE TEXA.8 ac ST.
NOTICE.—
JLOUIi RAILWAY IN TEXAS, conBiBtiDK
of 31535 miles of road, the
chise, and all its property.
the basis of a prorated mileage of said entire road of
315 8-5 miles as hereinafter described.
rolUng stock, fran^
Notice iB hereby given that I, J. M. McCor
liy
mick. Special Master in Chancery, under and
virtue of a certain order of sale issued out of the
Norththe
for
States
Circuit Court of the United
ern Di-trict of Texas, directed and delivered to
aiiftion for
ine, -nlU proceed to sell at pubUo
cash, befure the court-house door In tuo city ol
vrit, the
on,
to
Texas,
Tylir, Biviith County,
fourth day of August, it being the first Tuesday
o'clock
A. M.
between
10
in AugHst, A. D. 1«85,
and 4 o'clock P. M., all that certain properly
and
sale,
of
order
described in the following
upon the terms and conditions named therein.
St. Louis
lips and
Waco.
The President of the United States of America,
To J. M. McConnick, Siicolal Master.
Whereas A final decree was made and entered
Central Trust
In the cause No. 14. Chancery, the
Company cf New York, 'rnistce, Comrlainaut,
in
vs. Texas & S, Louis Railway Company
Texas ct al . Defendants, in the United States
Circuit for the Northern District of Texas at
Waco, on tho '23d day of April, A, D. 1885, ordering and directing tho clerk of said Court,
upon apiiiicatiouof J. M. MeCormick, Special
Master appointed in said cause, to issue an order
of sale of the Texas & St. Louis Hallway Company in Texas and its property as described
In said decree aud
,
^
,
j
Whereas, '1 he said Special Master has made
his application for such order of sale, now,
therefore, in pursuance of eaid final decree, 1,
J U. t'lnks. Clerk of tho Circuit Court of the
u'nitcdStatesfoi the Northern District of Texas,
at Waeo, do hereby Issue the following order of
sale iu the aliove entitled cause, to wit; You
are hereby ordered and directed to seize the
Texas & St. Louis Bailway, estimated to he
31535 miles of completed railroad, with its E.-istterminus at Texarkaua, and its Western
terminus at Gatesville. Texas, together with all
now
its propert V. the said railroadaud property
Fordyce, Receiver, np
In pOBsession of 8.
pointed in tho above entitled cause by this
Court, and exercising said trust. And after giving at least 60 days' uotiooof the time and place
and ternia of such sale,' and the speeiflc property
to be sold, publishing such notice iu two newspapers iu the city of Tyler, Texas, and in one
newspaper in the city of New York, you will
proceed to sell at public auction in the city of
Tyler, Texas, all and singular tho lands, tenements and hereditaments of the said railway
corporation, including all its railroads, tracks,
right of way, main lines, braucii lines, extensions. Bidlngs, superstructure!, depots, depot
grounds, station houses, engine houses, car
houses, freight houses, wood houses, sheds,
watering places, workshops, machine shops,
bridges,>iaduot8, culverts, fences and fixtures,
with nil its leases, leased or hired lands, leased
or hired railroads, and all its locomotives, tenders, cars, carriages, conches, trucks and other
rolllug stock, its maehinery, tools, weighing
scales, turntables, rails, wood, coal, oil, fuel
equipment, furniture and material of every
name, nature and description, together witL. all
the corporate rights, privileges, Immunities a 'd
franehisesof said railway corporation, inclut^
inglho franchise tobo a corporation, andaU the
tolls, tares, freights, rents, incomes, issues and
profits thereof, and all tho rever*.lon and reversions, remainder and remainders thereof, cxceptinc, hoW(^v^r, and reserving from the lion
of said" mortgage under which tills -ale is made,
all laud grants, land certilleates and lands received by said corporation, as well as all lands
acquired by donation which are not actually
occupied and inufo by it, or necessary to the
operation and main' eniinco of its lines of roatl.
The Baid entire 315:>5 miles of railway, together
with all the rolling i-to< k and jitoperty as hereinbefore described, to lie s )ld as au entirety.
The sale of haid railway aud property is made
In foreclosure aud satisiaotiou of the following
liens thereon, as described In said final decree,
to wit: gt%
„
cm
W
•
^a
mortgaeo lien executed to Henry Whelen
and Henry G. Mafquand, Trustees, June I, A. D.
A
first
1880,
on
SOI)
miles of
siiici
nillw;iy,!incl all its
Kallway
Abraham Woltr, Trustees, dated June 1,
A. I). 1880, to secure its "land grant aud income
mortgage bonds "for Sl.fOOOO each, beanngsix per
cent Interest from date, and not paid unless earned
and amount issued fS.OOO 00 per mile of completed
road; said bonds decreed to hold a second niorl gage
lien upon said 2l>« miles of lailwayaiid property described in said lirst mortgage, and anuRintuig to i2,128 000 00 besides Interest; tho said decree in no
wise afrectinglliflllpn held by paid bonds and mortgage upon the lands described therem.
United States Clrenit Court.
Fifth Circuit and Northern District of Texas, at
:
lien executed by the 'Texas &
A second mortgage
Company in Texas to J. W. fhll-
property
from Texarkuoa toi \Vaco, to secure Sa.OOO 00 of
mortgage bonds upon each niilo of completed
first
road, to wit: ?2,ia8,0U0 00 with Interest at 6 per centum per annum ironi tho issue and delivery of said
bonds, the same decreed to ben first lien upon 2(»0
miles of said railway and propert y as aforesaid; also,
a first mortgage lien executed by siiid Te.xaa & St.
Louis Hallway Co. iu Texas to tho Ceiural Trust Company of New York, Trustee. August 1, A. 1). 1881. on
the entire railway of ai5 !'-5 miles, and all its property, to secure its " uencral first mortgage six per cent
forty-year gold bonds for f 1,000 00 each, bearing six
per cent interest, the interest beginning to run June
1, 1881, £1,817.0<X) OOof said bondsliaving been issued
and now outstanding the amount authorized, ?13..
SOOOO, tobe issued to each mile of completed road,
making $620,000 00 issued up<m 4113-5 miles of said
railway from the end of sal 2(iO miles to Gatesville,
Texas, and said ?oa.),000 00 decreed to bo and io hold
afirst mortgage lien on said 493-5miles f)f railway
and property, and the bala nee of said SI ,817,000 00, t o
wit; »1, 197.000 00 i.-ssuert upon said 200 miles of raila third mortway and property, was decreed to hold
gage lien only on said 200 miles of railway and property; but inasmuch as the same were issued under
the same deed of trust and intended to hold the
same Ilea as the »620,000 On, and were sold and deItvered without notice to t he purchasers of any distinctive difference between the bonds, they In fact
'
1
belngof the same series, it was aduuieed and decreed
that tho 1,197 bonds and the 020Tiond9 should be
placed on the same footing and entitled to the same
equities, and are decreed to share In the proceeds of
Ihe sale of 49 3-5 miles of railway and property upon
lien executed by the Texas &
o iu Texas to the Central 'trust
1. A. D.
1881, on the entire line of Its railway, to secure its
general first mortgage land grant and income bonds
lor $500 00 each, bearing six per cent interest from
June 1, 1.S81, duo aud payable only when earned, »1,
817 000 00 of said bonds decreed to be outstanding,
of which $1,107,000 00 decreed to be a fourth mortgage lien upon said 208 miles of said railway ar.d its
property, and S«20 000 00 oJ said issue decreed to be
a second mortgage lien on said 49 H-5 miles of said
railway and its property; but inasmuch as the said
entire 11,817.000 00 were issued at the same time
under the same lien of tho same wrics, and without
notice to tl;e purchasers of any dlllerence therein,
the saiQ $1,817,000 00 is decreed toslure in the proceed* of 40 <-'> miles equally upon the basis of mileage as the 49 a-5 miles Is proportion to the 20« miles
of railway and its property as hereinafter dCBcrlbcd
iu the terms of sale.
A second
St.
mortgage
Louis Railway
(
Company of New York. Trustee, dated Aug.
[Vol,.
XLI
plainant, at the city of Tyler. Texas, subject to be inspected by all persons desinng.to purchase at said
sale, and the same
day of said sale.
will
bo exhibited and read on tho
.
*>,,'
of tne afore.iaid property is to satisfy
certain costs, expenses, disbursements, attorneys';
fees, claims ordered to be paid, debentures, otiier
claims and liens described and mentioned in said final
decree and order of sale; and the amount of cash required to be p;'ld (ui the bid for sidd property as provided in the said final decree aid order of sale will
be ascertained BO far as possible and filed with the
siiid BChodulea and inventory (f property, subject t<^
*i
the Inspection of purchasers before said sale.
All information In possession of the Master concerning the property to be sold, and the debts agalnsU
tho same, will be given upon application.
Tho said sale
Special
DAtxAS, Texas. May 11, 1885.'
BUTLEK. STILt.MAN & HUBDARD,
HEBXDON&CAIN,
Solicitors for
Complainant,
Mas'ter.".
,
'.
OFjTHE
NO'TICE: to CRBOirOBS
TE-ICAS
8t. Lotus R.IILIVAV Co.MPANV IN
<fe
is hereby giv.-u to all creditors
holding claims entitl tl to lie paid out of the
proceeds of the sale of tho Texas & St. I.ouia
Rillway sinil its property iu Texas, to occur
August 4, 1885, at Tyler, Texas, ami lo .all persons owning or holding bonds or other sec unties and 11 as upm mid property, entitled to
share In the proceeds of aaid sale under the
final decree rendered in sahl cauec No. 14 in
Equity, to forthwith deposit their claims nntl
written mouioroiida in pnrsnance ot imd as required bv a certain order made by the Hon. Den
A. Pardee, J edge of the United States Circuit
Tho terms and conditions of the said sale in fore- Court for the lit'tU circuit, ns follows, to wit: —
closure and satisfaction of the atore-said liens In and
"In tho United States Circuit Cotirr for the
upon said 815 3-5 miles of railway and property m» Northern District of Texas, at Chainliers, June
decreed to be sold to tho highest bidder, are as folTills day came on to be heard the ap1 6, 1S83.
plication of J. M. McCoimlck, Special Master la
1st. The sale shall be for cash, and thepurohaser
the
to
over
there
iiay
appointed by the United States
and
then
Chancery,
at tho sale shall
SpeclHl Master the sum of $tO,000 in cash, and the Circuit Judge forthe Fifth Circuit, to wit: liy tho
remainder of said bid upon couflrmation of the sale Hon. Don A.P:iraeo.iucauseNo. 14, iicudingia
and delivery of title, ns hereinafter provided.
the United Stutos Circuit Coiu-t of Baid circuit
2d Upon delivery of title the purchaser shall pay
and district iltWllOO,Te^ as, wherein the Central
in cisli or debentures and claims ordered to be paid
by this' ourt as a prior lien to the first mortgage Trust Co. ot New York. Trustee is complninaut,
the
Masascertained
by
be
us
may
bonds, such sum
aud tho Texas <fe St. Louis Comiiauyin Tcxa»,
ter sufflcioTit to pay otf and satisfy 11 costs, exiienct »l., U d. fi-ndant, and the same being considse.s, disbursements, lees of attorneys and solicitors,
ered andit appearing to the Court thatnfin.tl
all debentures Issued or paid out, or that may be
decree was enter, d iu said c.auseApril l3. 1885,
or
adjudged
now
claims
all
is'fuod and paid out. and
ot tlie holders
that may here.ifter be adjudged under the orders or foreclosing certain lii ns in f.ivor
decreesof this Court, to bo entitled to be first paid of certain series of bonds is-ued by saM defendthe
Iwforo
sale
proceeds
of
and its propthe
r.iilway
eaid
andsatlalledoutof
ant company upon
first mortgage bonds, and il any claim remains unci ty, and in put suanee thereof au order of sale
settled and nnasceitdned at thedatoof theconflrsuld Spedirecting
decree
said
is.iucd under
mntion of sale and delivery of title to the purchaser, was
said railway and nil its propwhich should be end may afterwards be adjudged to (iiil Master to sc'U3-5
stock
roling
ot
road,
iiilUs
be entitled to be first paid out of the proceed.jof sale erty, 'o wit: 315
before tho said first mortgage bonds, and the cash
and property in Texas, on the trrras named
the
the
same,
to
pay
o«
Spesufticlent
sat
th;it
not
bo
appearing
1
In
shall
her
paid
therein; ana it f utt
said cla'ui or claims shall be and are hereby decreed
cial Master has advertised said railway and
tobo a first and prior lien on said railway in the property to be sold at the City of Tyler,
hands of tho purchaser, and may bo 80 enforced by
Texas, on the 4th day of Au.gust, 18S5.
the futher order of this Court.
..
^ ^
,.
And allowing a part of the bid for said prop3d. Aftcrfully paying otfsaid claims entitled to he
first paid out of the proceeds of sale Iu cash before
erty to bo paid in cash s ilfieient to cover all
bid
said
remainder
of
bonds,
the
nuu-tgage
first
_
the
Claims decreed to bo entiiled to bo first paid
may be tiaid in first mortgage bonds hereinaf ter ascer- out of the proceeds of sale betore tho tlrst morttaii'ied to bo a first lien on said railway and property,
mortgage bonds,
and whereas ja,12S,000 of tfr?t mortguge bonds were gage aud otlier subsciiuent
and tho remainder of said liid to be piiid in first
issued upon and hold a first lien on '^W iiiiies of said
railway and property, and gOao.OOO of tho general mortgage bonds, and the surplus of said profirst mortgage bonds were issued upon and liold a
ceeds, if any, to be paid into court to be aiipHea
first lien on 40 3-5 miles of sad railway, and gl.l97,to tho jiayment f the subordinate securitic*
000 of said general first mortgage bimils were issued
to the equltivscstalilishea
under the same deed of trust and upon the whole and claims according
by thes.iid final di".'rcc. Aii.lln ordcrto cnabltt
line and entitled to share in the proceeds of saloon
to ascertain tlio several
others,
master
with
the
road
equally
special
3-5
of
said
miles
said
49
making $1,817,000 of said bonds equally entitled to lialnlities against the Texas & St. Louis Railshare ill the proceeds of sale of 40 3-5 miles holding a way Company in Texas and against the Kefli-st lien thereon, subject to the prior payments heretrust siuoe the
and ceiverships iidminiKtering said to dcteiniino
It Is Iherefiire ordered
inbefore provided.
January. 1884. so as
directed that the remainder of said cash bid. 16th dav of
be the amount of cash to be paid on the purchase or
entitled to
after tho aforesaid payments
be divided into two parcels, in the said property and tho amount of bonds that
first paid,
iiroportiou and on the basis of the mileage of can be received in payment, it is hereby
tie road sold, the total lino of road sold being ordered and directed that all persons whom31.5 3 5 miles, and said liens of said first mortgage
holding any claims eulitkd to be
bonds, to wit. the first mortgage biuids being on '.iOlJ Boevcr
jiroceids of tho sale against
miles and the general first mortgage bonds being upon paid out ol tho
4y3-5mllr s, the remainder of said bid shall be di- tho Bald Texas & St. Louis Railway Company
amount!
3-5
said
against
the said railway and iirop2U6/815
of
off
vided RO as to set
in Texas, or
.and the e: ty whilo in the hmids of the Receiver adiniuand 49 3-5/315 .3-5 of said amount $
purchaser may pay said sums in said bonds rcspec- istering the same, shall forthwith and before
tivelv, the larsrer amount may be paid in said $2,li;8,.
sale of 4th of Angu^^t, 1-85, furnish to
000 of biuids and interest pro rata accordingly as the the said
Master, iiddretscd to
percentage may be. and tno smaller amount may be J M. Mccormick, Special
Texas, care ot
p lid in the same manner by the $1,817,000 and Inter- him at Waco, Texas, or Tyler,
for Complainant,
itors
Soil,
Cain,
est of the general first mortgage lionds pro rata ac&
H.rndon
cordingly as tho percentage may b.\ ami if any part the said claims, including all bonds of every
of said bid remains unpaid aflcrthe application of series tind kind decrei d tohoM a lieu t:pon said
payments hereinbefore provided, llie same shall be
all Receiver's ccnilicates, claims adpaid over to the Master In ca.nh, to be bereafler proptrtv,
lurtged 'bv Court tor l.ibor, muteri.il, costs of
Uisl ributed and apportioned according to the equicourt, Itidgm' nts, tees, commissions, contracts
ties as established and determined by this decree.
4tli. It is further ordered that the said Special Masfor moiiej-, counsel, solicitors' and nttoruoys
ter is authorized and directed, in tho event that the tees inciu-red. In fact, < vry c'.a'm wUa' soever
sale advertised at tho time and place shall for any
entitled to be piild out of the prooeeda
good and sufticlent cause fall to bo nrnile on the day which is
property. _
named, that the said saleshall then and there bo post- of salo ol said railway and
Tho owners ot the bonds and th.-rva nableseponed by tbosa'd Special Master, or souie person designated by liim, and to be postponed in liis name and curltics are not required to dejiosit the bonds
by his authority, to afuture day, not exceedlngthlrty themselves, unit sssiieciallyrcque-t.dso to do by
days thereafter, and said postponement shall be theMasterforiiispection, but shall give tlieuumpublished In at least ono newspaper In tho city of berofthebondoroihcrseourity,! .^date,aiiioimt.
Tyler during said adjournment ot s.;le. in addition to
when the interest began.
the verbal notice given at the time and place ot a<l- Btvie, rate of interest,
jouming paid «ile. and the sale shall be made on the aiid figured up to August 4, 188.5, In a stateday to which it is adj. .urned ashereinbefore directed. ment bv the owni r or hi.s duty authorizt dagent»
And after the Knle.pavment of the purchasemoney and duty sworn to and att sted before an offlcer
as directed, report of sale to the Court, and eonlirniahaving a seal. As to all other claims, tiio cl.ilm
tion thereof, the said Special Master will make
with a
itself must he deposited with tlie Ma>ti r
a good and sufticlent title in fee simiile of the
staienieut ot ownership, as above, diiysnoru
purchasers,
or
purchaser
sold
to
the
property so
file
and
shall
Master
the
which title shall be f ee of all encumbrances and to, which B.ild cl.ilms
shall be a perpetual bur to all claims or equities, or
register in a book koptfor that purpose, duly
reorder
the
in
equity of redenipt on or any claim whatsoever to the
and
ciaBsifli'd as to priority
said properly so sold by said railway corporation or
ceived. It is further ordered that said Special
those claiming under it, and tho said purchaser or
puliliehed
in
be
to
order
Muster Rliall cause this
purchasers shall
t be bound to see ttiat the pur
the same newspapers in which snid sale is adverchase money Is projierlv applied.
™.
„
one
in
Also
sale.
W
said
alte.
Chief
uniil
Witness the llonorable Morrison R.
tisetl from this date
Justice of the Supreme Court of the United r tales,
new6p.iperinth6 Cityot St Louis Mo and In,
of 1 lie U.
and the seal of the Circuit Court thereof, at Waco,
the (Uty of Waco, Texas; nudtlie ClerK
Lord
eighteen
our
of
this 1 Uh day of May, In theyear
at Waco., is directed to file and
hundred anil eighty-five aud of American indepen- 8. Circuit Court,
Court,
said
of
minutes
enterthis ordorupon I he
dence the 109th year.
.
the above entitled cause, and liiruish a cerUJ. H. FINKS, Clerk 01 sau Conrv.
_ [L. 8.)
Master.
Special
MeCormlck.
w A schedule and inventTy of all the projierty de- fled copy t o J. M.
DON A. PARDEE, Judge.
scribed in said order to bo sold on the 4th of August,
June 16. 1883.
«l>
1885, will be filed in tho ilBce of the Clerk of the
Waco, TKXA8, June 25, 1885.
United States Circuit CouH at Waco; also in tho
Special Master.
McCOHMiCK,
M.
J.
olBce of Mesiirs. Hemdon & Cain, solicitors for com-
Texas.— Notice
11
,
(
1
ii'
,
® m
On »ppllcatlon of complainants and for good c«ti»e ihown. the above sale la hereby portponeduntU Tnesday, the lit d»T of September, 18M^
gij^ve-describei^property wUl be sold Wore tho Conrt Honee door, lo the city of Tjler, on the terms and eo°«^5J'"£^^JSi*,?|,''|^d£MMter.
!-rS
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@FedFRASER