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financial^

rnnirir

Dituntrrh
REPRESENTING THE

VOL.

MAGAZINE/

MERCHANTS*

HUNT’S

INDUSTRIAL AND COMMERCIAL

INTERESTS OF THE UNITED STATFS.

SATURDAY, AUGUST 9, 1884.

39.

NO. 998.

Cotton lias dangers to pass yet, but it is a very
favorable fact that. there diave been some rains in Texas
THE CHRONICLE.
139 The Debt Statement for July,
The Financial Situation
1884
14(5 this week—not as general as desired, though sufficient to
The Chicago A Northwestern
147 renew the
Report
142 U. S. Treasury Statement
hopes of a good yield in that important State ;
Monetary
and Commercial
The Conference on Egypt and
Its Results
English News
147 while elsewhere in the cotton belt the conditions are. with
143
Commercial and Miscellaneous
Railroad
Earnings in July,
News
148 limited
and from Jan. 1 to July 31.. 144
exceptions, still favorable. Rain in excess is a
THE RANKERS’ GAZETTE.
Quotations of Stock sand Bonds 152 complaint in some districts, and,here and there we hear
Money Market, Foreign Ex¬
New York Local Securities— 153
change, U.S. Securities, State
Railroad Earnings and Bank
rumors of caterpillars, but as vet there is no harm done
and Railroad Bonds
and
Returns
154
Sto ks
150
Investments, and State, City
which good surroundings during future weeks will not
Range in Prices at the N. Y.
and Corporation Finances... 155
Stock Exchange
151 i
THE COMMERCIAL TTMES.
fully repair. As for the other crops, they are almost
Commercial Epitome
158 | Breadstuff's
1G4
Cotton
159 j Dry Goods
' 1(35 everywhere very" promising, winter wheat turning out
better than anticipated, and it looks now as if we must
have this.fall and winter an immense amount of produce
These facts keep up the spirits of mercantile
Tbe Commercial and Financial Chronicle is published in to move.
New York every Saturday morning.
classes, though trade continues to drag, buyers failing to
Entered at the Post Office, New York, N. Y., as second-class mail matter.J
take hold with the vigor of former years.
It seems
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
impossible to put prices low enough id tempt them, but as
Tor One Year (including postage)
$10 20
do
(5 10
For Six Mouths
stocks of goods are small in the interior, and the outlook
Annual subscription in London (including postage)
£2 7s.
Sixmos.
do
do
*
do
£1 8s.
for the crops is so favorable, there is a general feeling that
These prices include the Investors’ Supplement, issued once in two
months, and furnished without extra charge to subscribers of the our industrial interests can not long resist the inducements
CllHONIOLE.
Subscriptions will be continued until definitely ordered to be stopped. for activity.
The publishers cannot-be responsible for remittances unless made by
Drafts or Post-Office. Money Orders.
Probably one reason commercial results have been less
A neat file cover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 OO.
satisfactory this week than anticipated, has been the rainy
Oiliccft in JEnglniid.
weather prevailing here, while the discussion which has
The office of the Oommkiici vl and Financial Chronicle in London
is with Messrs. Edwards A smith, 1 Diapers’ Gardens, E. C.. where
subscriptions and advertisements will be taken at the regular rates, again been in progress touching the silver question has also
and single copies of the paper supplied at Is. each.
in some circles had a depressing influence.
This latter
The office of the Chronicle in Liverpool is at B 15, Exchange
Buildings.
subject lias received a fresh impulse- through the large de¬
) WILLIAM D. DANA Sc Co., Publishers,
crease during late week':
in the gold balance held by the
79 Sc 81 William Street, NEW YORK.
JOHN o. Mrui
ma»d.
CONTENT8.

is to

day.

c

%\xt ©touttlc.

.

rm,

t,

T,.v.

n

^

Post Office Box 958.

government.
THE

FINA NCIA L

SITUA TION.

were

M_

On the first of .June the net gold
July 1 they were 133.]

millions.

holdings
millions,

the re-action in the August 1 they wore 1 lh] millions, and now they are re¬
stock market the past week.
Such a feeling is no surprise, ported at 1 17 millions. In consequence of this depletion
the advance has been so continued and so general that it has been stated that the Treasury was likely, and through
increased confidence in its permanency was natural.
I *ut necessity very soon, to give the thirty days' notice to our
■he artificial nature of the movement lias all the time been idearing House that it would thereafter settle its balances
in silver or silver certificates.
The Secretary has already
obvious, and that prices should take a turn downward is
made a proposition to pay fifty per cent of its balances in
east as reasonable as that they should have advanced for
long a period. The latter was a speculative operation. legal tenders, and that proposition was submitted to the
Put oilier than that, as
which the public lias not to any extent been a party, Clearing'- House yesterday.
informed, there is no probability that any
are
engineered for the purpose of marketing stocks that had
nocome very burdensome to carry.
At the start it had a notice will be given. We certainly cannot see the
Disappointment has been felt at

us

sc

!:

we

good properties necessity for further action just now. Were our trade
were very low, making them a capital purchase ; but stim¬ | in a condition to warrant an export of gold, or were there
reasons
for anticipating any such condition in
the
ulated by the promising crop reports it has been pushed
would,
near future, there
be
some excuse for the flutter
until stocks that are dear at any price have come under the
power of its influence.
That, there is to be a grand tum¬ ! over the small balance held. Put we are about entering
ble now is possible, but no more likely than that present upon the period of the year when our (exports are large.
Land as our crops‘are so very abundant and imports have
short sales should furnish the opportunity for another
:wist upward, since the stocks to he marketed are still be¬ I fallen off somewhat.- there can be little doubt of our soon
lieved to be in the hands of the old holders.
j receiving an additional'supply. < >n account of the pecu1
So far as crops form an element in support of Wall liar conditions of our currency, for which we are indebted
Street prices, the outlook was perhaps never better than it 'to silver and silver certificates as we have so often ex-

substantial




basis, for the prices

of

many

1 10

plained.
sends

THE
we are

inclined to believe that the

will not

us

reach

considerable

so

Kurope

amount

total

a

CHRONICLE.
the terms

proposed by the alliance, and for their accom¬
modation a supplementary agreement was
provided. The
Chicago & Northwestern finally, after a good deal of
reluctance, gave its assent to the arrangement, and the
Wabash did the same.
But the Burlington &
Quincy,
which, above all others, it was sought to force to terms,
was too shrewd, to be
caught, and so held aloof. The Bur¬
lington was building up a large and-profitable, trade on
its Western extensions, and this traffic the Iowa
pool
lines (between Chicago and
Omaha) sought to compel
on

in pre¬

as

[ VOL. XXXIX.

vious similar years of large crops and depressed business.
Still, the important fact is, that at the moment we have
the promise of a flow of gold to us, ngt from us, and that

therefore any
no solicitude.

deficiency in our visible supply need cause
Furthermore, it should be remembered
that what the Treasury is losing the Xew Yorkcity banks
in good part hold, and that the present movement into the
banks is the natural sequence of the conditions which
pro'
duced the panic and of the restorative forces it set in

the road to share with them east of

motion.

instead of

To illustrate this

give the following statement
holdings of the Treasury and of our associated

of the net

banks

Oil

we

the first of each month of this
i

n-i.

././/i.

hr nr n<.
(,'. S.

Tro.i'Ury.

New Vui k
Total

i

Frh. 1.

i.

bank-;

03
•*319

r.

1.

Llpr

Mill'ns.' Mill'll*
.*141

*1.1(1

lfldiii.:-!

AT

j

03

50

40

.*201

.*100

.* 1SS

77

!

1 ,*221

./MS

1. Man 1. Jmn 1. JuluJ. Awj. 1.

01

74

How it failed of its purpose we

all know

How disas-

now.

under its

oper-

’

ation, is also known.
of

The Union Pacific is heartily sick

it.

showing evident anxiety to retire .from an arrange¬
draining it of its very, life blood. The North¬
west/having acquired the Blair roads in Nebraska, gives
the notice (sic) that it, like the Burlington X Quincy, will here¬

*h'5

$11‘3

’

-f

!

Mjtrns. Jfitrn*. trousl 'v some of the roads in it have suffered

*144

74

carrying exclusively on its own line to Chi¬
This proposition, so obviously absurd, the Burling¬
cago.
ton declined, but the members of the
.tripartite thought
that the alliance would be effective in
carrying the day.

vear.

Mill'ns. Mill'ns.
>•. Jfill'ns.
Mur ns. Mill'ns. Mill'lls.
•*142
.*110 i .*112
.*151
$134
fill) •*
SMS

the Missouri River

Tin* Tivjtsury slittcrn'iit is tin* gold, loss certificates, while bank

statement im-’.n les certificates.

It is

ment

that is

impossible to follow the interior movement,, as
country bank returns, so far as we have them, are for dates after retain its own Nebraska business and that the ,other
that prevent a comparison.
But the foregoing is sufficient lines shall have none of it. The Wabash seems to be in a
to show that there is
nothing surprising in the present sit¬ state of quietude and indifference.
leaves
That
uation, or in the movement which has been in progress. only the St. Paul and the Bock Island, who have no
AVe mibt remember, in this connection, That the net lines of their own west of
the' Missouri River, and
exports of gold were for the first six months of this'year who are anxious, nevertheless, to share in the trans-Mis¬
aboutI millions.
The above indicates a loss in tin*
supply, souri business. The managers of the latter road declare
from danuary 1 to August 1,
by these two principal that they will hold the other lines to the terms of their
holder*, of only
millions: perhaps the difference repre¬ contract. The question is, whether it can be done. AYe
sents the amount
of the production
(less amount which think it is exceedingly doubtful. The history of all pool¬
went into ii ami Tact
lire) dining the seven months., Of ing arrangements in the past, even where they have been
•course, h -viver,
no compuison like the above can be thought iron-bound, has demonstrated that when some of
exact, as -Le associated bank returns are only averages; the parties thereto feel determined to withdraw from
them,
and, furth* rmore, the amounts in transit between the banks a
way out is not difficult -ter find, and threats of penalties
and Treasury are sometimes much
larger .than at others. or retaliation have no effect-upon the recalcitrant mem¬
Still.. there

is

in

sufficient

this

exhibit,

in

connection

with the other facts referred to above, to indicate that there
is, as we have said, no cause for present solicitude: and we
feel

great confidence when Congress gets together in
December, and there is no. prospective Presidential election
to disturb legislation, that the source of
anxiety will lie

removed

by the repeal of the silver coinage law.
Another subject which has been prominent in Wall
Street this week was the meeting of representatives of
Western railroads at Chicago for the purpose of har¬
monizing differences and agreeing upon a plan of action

But whatever the outcome in the present
case,
much would appear to- be certain, there is little
bers.

this
proba¬
bility of any lasting peace afnong AYostern roads until this
tripartite alliance, so called, is finally and completely dis¬
banded.

It did not find

general favor at the outset, and
operation has now made it obnoxious to some of its
original friends. It was not conceived in a fa'r spirit, and
its

its intent

was

bad fruit,

therefore’, is not surprising.

the

of honest.

reverse

That it haB borne

We do not know
appointed at this week’s meeting,
with instructions to report September
will be able to
for the division of business and the maintenance of rates.
agree upon a plan of action that will secure the "greatest
Kver since the formation of the famous
tripartite-alliance good of all, but it does seem that an important step to that
matters have been in a chaotic condition, and
though of end would be the dissolution and burial of the ill-fated
late rates .are understood to have been
fairly well main-, tripartite abortion.
■
tamed, the state of affairs closely resembled an armed
The course of foreign exchange has also been a
subject
truer, with, the combatants
ready to pounce on one another of special interest the pist few days. Rates have been
at
short notice.
Now that the representatives of the marked
up and the market has been firmer at the advance.
whether the committee

.

roads inn-rested have
seems

with

the di ssat i sfacti on

*

t»>

the

the feature of chief

met.

(‘ration

lie

of

since

.at

this

contract,
was
doomed

tripa ri it e
has

had

the

]iich

V

it

tho arrangement

i Teitie

moment

gene rally oxpn 'SSe< 1

so

makirs
will

have

lie

sane

*

1 m id
cit

raved aip>011
bill

coll.id

The
i




i'

ai

mattin,g

1 a st
In

<i

he other line;

-

! *
-i

>er.

a

ninated ini ii

vangomm it

thoTn Ban 1.

of

f

w-a* a so c]\ r
•

i.

iO :v

wer e

|

1

i

-;a

,

:

.1<1

khidlv

,

; i

n'

; w

(HI

Paul and

west-’hound

ml
-.

re¬

1’alO:S

be'tween

cent fact

i >eceml

ter:

*

niakin 1.1*

Tin*

v.

1

>

tl le

b i*

entered in to

W; i*

ru.Tnoss to (' hicae:<>. while th.> Tr.
los

it

0

• vas

\«1 a rs
a

ii

>* 1

i t; air at

the

'a

>

movement

differ..

Some look for

in various ways.

Prob¬

a

decline

a?

the-result of

a

renewal

and of offerings of bills drawn against
Oiipmouts of-cotton, but at t-he. moment even these
bankers fe< indisposed- to buv' futures until the'course

Trea>ury
balances

first.

in

for

of exports of grain

oil e

eog 10"

is accounted

ably. however, it is mainly due to. higher rates for money
in the open market at London and to a
consequent return
of securities held in a speculative
way.
The opinions of
bankers regarding the immediate future of the market

be

.

1 i'n:ion Pa eilic:
it'." I

This

;

{a,

remit for

at

respect

the

bills will

sec or i :o

to

be

that

ciaim

Thai

absorbed

the

t

lie

House

(’leaving

ban hors

<

c> 'mmoivia

with

settlement
i

the

.'Ificiallv

ofi\*::r.gi

by,the demand

return of

to

these will be

August

141

CHRONICLE.

THE

9, 1884.J

tlie danger of gold exports from
probable, however, that the stock
are willing to part with, is
at present comparatively light.
Notwithstanding the fact
that the current rat:s for sterling are too high to pay a
profit on imports of gold, £100,000 left London on
Wednesday consigned to the Bank of British North
America, which institution received on Thursday £100,000
bw the America/ There are now at least £300,000 in

large in proportion as
Europe increases.
It is
securities,
such
as
of
foreigners

only necessary to remark that while in four weeks
this year the receipts of corn at Chicago by

of
all
routes were 5,406,926 bushels, as already stated, in thecorresponding four weeks of 1881 they had been as much
10,577,221 bushels, or nearlv twice the total of this
year.
That despite this heavy contraction in the corn
movement, the gross earnings of 1SS4 should approach

is

June

transit for. this port.

as

1881—being onlv about SO.000
less—is further evidence of the development of the com¬
pany’s general trafiie. Another illustration of the growth
going on in the company’s business is seen in the exhibit
for the half year ended June 30, showing gross earnings

so

closelv to the total of

<{• Quincy's earnings for June show
again in both gross and net over the previous year—$139,than ever before, and net earnings second only to266 in gross and $68,053 in net.
As the months immedi¬ larger
those of the half year in 1883, the present total of the
ately preceding had shown a decrease, and as this was be¬ net—$5,158,970—comparing with a
similar total of only
lieved to be largely the result of a smaller movement of j
$4,157,944 in 1881.
corn, of which the Burlington & Quincy is one of the largest
Atchison Topeka <£ Santa Fe reports smaller net
carriers in the West, it was supposed that with a continu¬
earnings in June than those of a year ago.
The
ance of the same condition in June a like result would
falling otf is almost entirely the result of heavier expenses,
follow.. The showing is, therefore, an agreeable surprise
gross receipts approximating very closely to those of June,
in proving so much better than had been anticipated and
1883.
Expenses were running exceptionally small at the
actually exceeding the result of a year ago. We do not
latter date, the ratio then having been only about 43 per
know just how much corn the Burlington & Quincy itself
cent of the gross earnings, so that an increase this year
carried, but as affording some idea of tire comparative
would not have been unnatural, even if there had not
movement of that cereal in the two years, we may say
been an unusual circumstance of an adverse character to
that the total receipts of corn in Ghicago during the four
swell them.
The circumstance alluded to was the high
weeks ended June 28. 1884, were 5,406,926 bushels,
water.
Hoods and freshets in New
Mexico, which
while in the corresponding four weeks of 1888 they had
caused serious washouts along the company’s lines,
been'0,648,020 bushels. Accepting this as an indication
and
entailed
great damage
upon the road bed
of the comparative extent of this trafiie over the Burling¬
and
additions to expenses. It has been
heavy
ton
Quincy, the large gain of $10(5,204 in freight earn¬
reported that the water was higher at El Paso than at any
ings which the road records for the month must be taken
previous time for sixteen years. The damage to the com¬
reflecting a very satisfactory growth in other kinds of
property through this state of things is estimated
traffic—a feature, that has been before noticed,
in addi¬ pany’s
at fully $500,000, from which it will be readily seen why
tion to this, we have also to note a gain in passenger
expenses, to which we understand the cost of repairs is
earnings, though in a somewhat smaller ratio, the increase
charged, should have increased $250,000 during June.
for June being $19,899, or about 4.4 per cent—which is
The same fact may also operate to -increase expenses
another satisfactory feature in the company’s business.
during July, as we see it reported that the whole cost of
What makes the gain in earnings, both gross and net,
repairing the damage done has not yet been charged off.
particularly gratifying this year, is that it comes after But
apart from this, the ratio of expenses last year was so
very heavy gain in the preceding year, to which the
"small that it is not at all certain that there will not be
present gain is additional. Thus, in June, 1883, there
increase even if nothing more has to be added, on account
had been an increase, compared with 1882, of over
of the flood damages.
Earnings and expenses in June, and
$500,000 in gross, and over $4 00,000 in net. It is only
in the half year ended with June,5 for 1882. 1883, 1884,
fair to say, though, that in 1883 the gain was so large
are presented below.
because in 1882 the earnings had been so small, the short
1882.
1883.
1884.
crops of the season of 1881 having reduced the move¬
Topeka <fc Santa Fe.
2,219
2.219
ment of cereals to merely nominal proportions,
it. will Mileage
2,329
$
8
$
1.251,245
be well, therefore, to extend our comparison one year
1,201.0-5
1,251,0 9
Gross earnings
751,732
801,531
further back, so in the following we give the company's
1
499,513
710,134
Net
! 452,495
in
earnings for four years past, both in June and the six
Chicago Burlington

O

as

a

an

Atchison

J unc.

earn

months ended June

30.

Jan. 1 to
Gi o-s

Chicago Erin..
,1

Gross

n

A Q.

n i\

earnings.

Operating expenses

its

1881.

1893.

1882.

*

$

8;

2.077,182

1.937,01(>
;,22S

1,004.441

19

1,012,741

941,(588

18Qi.

92.

^Operating expen-es
Net

2,o

1,437,164

-3,802

‘.><52,788

,"41

Jane 3 \

earnings

*

earnings
Not incliuliug taxes.

'

7.303 035

7.040.8'5

7.308.99 4

,110,875

3,040 317

4,7 15,404

3,535,940

3,72b ,077

2,5 87,571

J

a

that though the net
earnings (for the reason mentioned) are so unfavorable
Ci o
1,405,203 9,155,015
11,01 (5.021
Gross earnings
4h»n\i
6;j
5.205 103
| as compared with 1-S83. they are very much less so when
0,107,'<51 | 0,023,(556
Operating expenses
4.\">7,<>44
| compared with 1882—in fact, from the latter year’s total,
3,c9 >,512
5.381.547
5,158.070
Net earnings
Here we find that while both gross and net earnings there is a decrease of only $4 7,000, expenses
year
in June this year are larger than in either 1883 or ! having been but very little lighter
when the extraordinarv items alluded to enlarged their
1882. they are smaller than in 1881.
As the mileage
magnitude, and in this we have an evidence of the measis greater now than three years ago.
this would at Lures
of economy, that have been introduced and brought
first sight seem to indicate a retrogression in the cominto operation in the interval.
The exhibit for the half
pane's business. But it .should be remembered that in
Gross earn*
June, 1881, the company had an unusually heavy grain | year is very much better than that for June.
traffic, from the large crops of the season of 1880, while | ings show considerable improvement, and net are only
I $193,000 below those of 1883, and nearly a million above
this year the traffic was the remnant of the small crop of 1
those for 1882.
last season.
To show what a difference this occasioned, it
earnings

Net




r-«

I.i2i,ui4

510,12 ;

Jt, will be

noticed by these figures

i

1

'

in that
than in the present year,

142
The

THE

CHRONICLE.

following shows relative prices of leading bonds and
opening each day

THE

stocks in London and New York at the

fVOL. XXSIX.

CHICAGO

& NORTHWESTERN REPORT.

One of the

things that Wall Street has actively discussed
week, is the detailed report of the Chicago & Northwestern's operations for the fiscal
year ended May 31
given to the public on Wednesday. This report confirms
the preliminary figures issued some weeks
since, and also
this

A wj.

i

4.

'

Aug. 5.

A Wj.

0.

Aug.

|

7.

Aug.

S.

I

;

LarA'n

•

w.r.

Lond'i!

N. Y.

iLand’n\ N.Y. \LmuVn

N.y.

prices.* prices, i prices.* price.. prices.* priced prices.* prices.
•

,U.S.4s,c.

|

©

C.S.4%s.
Erie

c

2.1

125-15

120%
112%

j 1L2V10

eon.

!

10 10

i

61-28

>8

i

St. Paul.

o

Can.Puc.

H-4

Exch’ze,

13*92+

;

63)4
120)4
111)1

62-08
12876

12$

109-85

109% ! 107 43

14-050

27 U

13-70+

SOUS

87 %

8-151

128-87
111-31

3v%

40-14

119%
H2%

16)4
61% j

15-03

58-92

-15-22

!

4"85

our

issue of

26%

82-32

j

62%

44 74

j

45

February

!
j

167%

13-331-

1
!

i

■

4'85

'

article in

an

126% !

l

4-84U

materially from the approximation of the

| year’s results made in

'

;

dilfer

j

59

127-31

27% j
64% ‘
45% i

j does not

15),

i

1

P84U

119-55

16-12

4505

1

j

119%

.112% ! 111-67

17

62-66

■

cables.

111-91

27%

j 85-02

j

110-67

H2%

10 05

G2g
127g
110)4

no-22

;

cz

Reading

120

111-91

I

III. Cent.
N. Y. G\.

110-79

the

probable increase in interest, and rental requirements,
undertook to determine what the outcome of the
t
year’s
business would be on the basis of net
earnings for the
Money on call at the Stock Exchange, remains low and
same
remaining five months the
as in 1883.. The net earn¬
the rates on New York at interior
points do not indicate
ings for the seven months reported had shown a decrease
any urgency in the demand upon this centre.
The fed low¬ of
$3 1.138, so we reduced the net or the fiscal year J8S2-3
ing statement, made up from returns collected by us. in
that amount, to $0,075,180,
remarking that it did
exhibits the week’s receipts and
shipments of gold and not seem
likely that the operations of the five months unre¬
currency by the New York banks.
ported would change this result Wore than $100,000 or
Received, by
$200,000 at the most. We now find the actual net to be
Week Endiwj Any. 8 1884.
Net Interior
Shipped ly
N. Y. Banks.
1 AM’. Banks.
Have
at.
$0,370,007. Interest, rentals and sinking funds we figured
Currency
*

Expressed in their New York equivalent,
Reading on basis of $50, par value.

,

me

11.667.090

..

*691.000

Gold

100,009

Total gold and legal tenders...

..j $ 1,687, GOO

The above shows the actual
of

Gain

1990,000

~

*791,000

1

Loss.

100,000

Gain.

*690,000

i

j
i

changes

the bank holdings

in

gold and

interest

the

on

debt put

new

out

during the

j count in full, which we declared

would

year

likely.

was not

The

currency caused by this movement to and from , qualification made is sustained in the figures furnished
by
the interior.
In addition to that movement, the banks 1 the
company, which puts the total at $0,178,030.
The
have gained
$1,700,000

through

the

operations of
Sub-Treasury, and $500,000 more by imports uf
gold. Adding those items, therefore, to the above, we
have the following, which should indicate the total
gain to
the N. Y.
Clearing House banks of gold and currency for
the week covered by the bank statement to be issued
to-day.
the

allowance for dividends on the company’s stocks was about
! the same as it turns' out to be. The net result was that
we arrived at a
surplus above all charges and dividends
uf $070,403, while the
company’s report now makes it
$701,258. A summary of the present year’s operations,
compared with those of the preceding years, is concisely
furnished in the

Week Ending Jin-;. 8,: 1884.

;

bet Change in
Bank

Into Banks. Out of Banksj

I

Banka’ Interior Movement,

Sub-Treas.opera! ions

\ ttWd

ab<

I

11,087,000

imp'rts;

2,200.000

as

>ve

Total gold and leKal tenders

Lain.

H a

A r'tje

*806,OCO

1791,000

.!

Opt r-

Gain.)3,096,“0'

for

the

to

j*

1 he

This

America.
The
francs gold
and

5,700,000
,

week.

interior and £258.000

coming to
MM

the

England reports

i,

•

•

lOiiO’A lllg
,

i-

amount

i

i.

principal Euiopeail banks tins

ing date last

18b!

francs

i

weex.

uullion

Co

18.S3.
18-1
;

the

i

:

i
it

188 i.

yital

Gold.

Awja.t

SUc tr.

*.

Hank of

England

£

-23u’Cn 5oa

Bank of Franco

1

Bank of Germany

-

1 7,501,00

Total tills week
Total previous week

r.

;

isos.

1

!

Ovid,

j

Silcer.

%

j

&

Ti

-

22o4i,imj
4o.7.'.n,G-s
22,773,oOo

*
4,665,630

'

4,585,614

!

4,837/81
5,130,749
5,666,947

j

5,957,701

j
|

6,178,039

#

4,0-0, 168

1,051,017

2,105, SOS
2,-105.521

508,451}
181,700

'2,420,273

1.074,047
1,357,2t0

2.5-0.03H
2,8.(0,337
3,930, HO

2,7111,437
1,101,280
701,25b

net' cent oa common and 7 on preferred stock
mi common and 7 on preferred in 1870; G on
(‘onmtoti .uni 7 on i-nde.rrcd in 1 S-'O; ti c sain(‘. in 1 881 ; G % on common
;i||(] 7% on invUVned in 18s2; and 7 oa common and s on

preferred in

that

constantly enlarging mileage.
uninterrupted growth in gross earnings.
but net earnings, owing to tin; increased cost of operating.
see

there

has.been

j ari-ing

U, 120.200
7,012,000 .2 830,000

$

1,050,004

year 1s7S; -1

but

on

3,

an

out of the larger mileage .covered and the lower,

| rates of fare received,
make

are not

only smaller than in

1885

comparison with ksttth At trie
die charge1 for interest and rentals has been
! stmadily rising. so that tno mg incone* remaining for the.;
same

7U,25 I.eGT 0.;,r.:j„,'ss G>.!>s7.11 IjG 1,250,200
73.Tin,Gop od. i ;>-.7-5 "o,ioit,i>.4i G4 2

..

*

7,130,117

i

| iss.,\Vreami here
m l.sSi.

year.
.1

i

Dividends allow for 3

'

| in to cal

and at the CullOspOlid- j
,

.

bS2.
r

silver.
in

Rentals

14,580,921 6,873,272
17,319,349 8,917,719
10,334,072 8,90^,251
3,033
23,6 -4,656 11,015,022
3,165 • 21,081,8 >4 10,009,318
3,719 ! 25,020,624 0,879,667 j

iSs0.

shipped abroad, £200,000
Bank of Franco gained
.*>,015,000

2,1292,216
2,614

14,751,062

Surpf.it.'

.ito ck.’

Net.

*

2,037

,

1879.

represents £4 33,835 sent

..

,

indicates die

l’.

loss of JC.OOl.s.85

a

1878

ross.

i

bullion

of

on

awl

G

uted.

r-H

Di va lewis

-V. t

Siuk.rmh

!

The Bank

Interest.

Barn inns.

Miles

(lain. 2,200.000

*3.887,000

•

Hohlings.

*791,000

following.

i

even

a

worse

tune,

...

Office paid $17U75u through die $ub- stock has very steadily and very largely diminishes!-, ami
Treasury during the week for domestic bullion, and the in die Jab* year was small<-r than in any other since 1 s71•
Assistant Treasurer received the following from dp* Mean.-whim, the company has paid out larger amount - f<>;
Custom 1 douse.
; dividend.'. and thn.> it, happens tied its..surplus on tin
*
year's operations in 1883-i was only $73 1,258 while’ in
(.'•>hsis/<n>/
'J’he

Assay

<>J-■

Dutt.

/

•

it

;

ties.

’

•

r.

G

Gold

\ot*’ls.

Aug.
M

“

* *

“

“

1... P

$ < *7. <7U

«J

4

;m 7 7.

<07,m

.

5...

•

'

_

r j, 1 i 9

l \1

201.00. j

-o

r.'.dj;

b/.GOOt

2;

l

b

7...

4 7 o,

“G

I..VOV

!

lo:</>:)!
•

C.oei




8.-'

-

ea.--Oii

'•<

i

••S'.*'!

*»’

'4,OU(

328.01*
23 ^.0e<

•

~>Jh >i.l

2 5.O', a
*

ToUil

$2e.J.*i<>< j

c.e.ouu.

m

5

fdeoo*

UjicnUs.

■J.'. GO

•i GCg'.iG
8

•8l e ><>

!

iic's.

i; i

G...

'i

.

('< rft

Si her Cnr-

•

-si-.;

1

1

Ill’ll

!
!
j

!1

I

•t 15 t.o

had been SI, I'M. 28b, mid in I 88J 2

$2.T'.d, 1 57.

>

18 8.00
12

1 30.000

5,000
.O

•»

'! (ceimimg the

1 :> I.« h (i

1 3

1 8 so.5

ft

| ir bat' d)
oil!

1'lie report tell
dividends paid

b-rred slo'-k

mon.

much :iJ

diaL.ihe year's income
out and the surplus undiT

us

was. equal to It.j per cent on bmdi classes of stock

-ian-iUqg, winch in

fore

a-

oin- .Sense i-

is entitled

to

correct

•

Imt

as

the* pre;

preference ot 10 per cent, be
anvdiing above 7 per cent, can he paid on the com¬
it would have been better to
say that the surplus
a

.

AUGUST

THE

9, 1884. J

143

CHRONICLE.

equal to 10 per cent on the preferred and about 8f
p.ercent on the common. This bears on the past. As to
the future, there are certain facts that should be borne in
mind.
In the first place, the leased lines in Iowa and
Nebraska having been absorbed, the charge for these will
hereafter go to swell the interest and dividend account of
the Northwest, and not count any more as rentals.
Then
the interest account must be expected to increase indepen¬
dently of this fact; for. as stated, it seems likely that in the
past year interest on a part of the debt did not count in
full, and, besides, the company is still adding to its debt,
’having only recently authorized a new issue of G millions
bonds, to be used 2 millions on account of the leased roads
and the rest as the exigencies of the occasion may demand.
The surplus of §701.258 which remained on the late
year's operations went to swell further the company's bal¬
ance of income, which now amounts to $0,187,120.
As
we have been asked why with such a large undivided bal¬
ance as this, the company should find it necessary to issue
new bonds, it may be necessary to say that this balance,
as in the case of other companies, is largely nominal,
and
is not at all cash immediately available.
It is represented
by improvements, extensions, additions to road and equip¬
ment, .&c. But this nine millions is not the full extent of
the company's accumulated-surplus.
"We have previously
called attention to the Northwest’s curious system of book¬
keeping, by which 22 or 23 millions of stocks of proprietary
roads (all held by the company) were counted as a liability
and treated as if they were actually outstanding. As a lia¬
bility, they had no existence at all, and to count them such
was merely a bookkeeping fiction that served to befog and
bewilder the investigator.
We took pains, to point this
out a year ago, and to show that gradually these proprie¬
tary lines were being consolidated with the parent com.
pany and their stock exchanged for Northwest stock,
which then remained in the Northwest treasury ready for
was

head of “common stock in hands of
of

treasurer" to amount

But how much simpler it would have
duplication on both sides and have

$10,006,348.

been to have avoided

said

stock

common

:

mon

stock

lield

We

refer

to

as

actually outstanding, so much ; com¬
surplus by company, so much more.

the matter

here because it

is important to

just what surplus the company is carrying, and that
without sifting each item separately. With¬

know

cannot be done

explanation,, we make up the following state¬
company’s undivided surplus.

further

out

ment of

idea of the

our

Balance of income account
Land income accounts
C’hic. & Northwest .common

$9, 197,120

2,93*^,075

1 (‘,< 00,348

stock held by company.

Promietary roads’ stock uimxchatured.

.1

12,785,000
$34,917,143

Total...

present probability of the distribution of this
large surplus.. The state of the company’s business does
not warrant it.
But at some future time, when activity
There is

no

earnings
expanded correspondingly, itywill be, we may be sure,
as a basis for some arrangement between the road and

prosperity again prevail, and the company's

I and

I have
used

We refrain from again

its shareholders.
wo

commenting (as

year) upon the anomalous position of a manage¬
which holds in its possession 10 millions of unissued,

did last

ment

a=t any time augment

the amount

by bringing about the exchange of some more

proprietary

marketable

stock, and

can

road shares.
THE

CONFEREECE

ON

EGYPT

AND

ITS

RESULTS.

Egyptian affairs has
proved-a complete failure, so far as the ostensible purpose
The conference held in London on

for

which

it

was

convened is concerned.

It

was

con

veiled for the purpose

of securing European consent to
proposals which England had to make regarding
Egyptian finance. France objected to England’s proposals;
England refused to make further concessions: the other
powers remained passive; and so the conference came to
an end. nothing having been accomplished.
And what is
use.
the
result
?
A
victory
for England.
But it was reserved for the present report to fur¬
That
the
conference
would prove a failure was quite
nish the most striking instance of the company’s book¬
keeping methods. During the year covered by the report obvious from the outset to all who had taken any
two of the proprietary lines—the Chicago Milwaukee &
pains to make themselves familiar with the Egyptian
Northwestern and the Elgin & State Line—were consoli¬ difficulty. But it was not by any means a general expecta¬
dated with ■ the Northwest, and their shares exchanged. tion that England would come out of the conference with
Hence the stock of these two roads should have disap¬ Hying colors.
That she has so come out, however, is a
fact, explain it how we may.
Mr. Gladstone lias claimed
peared from the balance sheet, since it had been extin¬
entire liberty of action in Egypt; and he enters upon this
guished and was now represented by Northwest common
stock.
Curious to say. however, though the proper increase course with the consent, if not with the approval, of all the
to
correspond with the exchange made, appears in powers of Europe but one. In the new circumstances
Northwest stock, the leased ' lines also again appear the Premier has acted with a promptness and decision in
under the head of “ Chicago \ Northwest common stock striking contrast with all his former conduct in regard to
acquired by consolidations in 1883," and thus this item is Egypt. He has demanded and obtained the necessary
counted twice on the same side of the balance sheet.
To funds for an expedition to the Soudan. He has appointed
one
unacquainted with the company’s atfairs it would his First Lord of the Admiralty to go to Egypt as Lord
appear as if there were $ IS,942,820 of common and pre¬ High Commissioner to investigate and report upon the
ferred stock actually outstanding, and §9,705,100 more condition of the country, and to advise as to what coun¬
Sir
held by the company itself, which it had acquired through sel should be given to the Egyptian Government.
consolidations, making $58,707,920 altogether authorized, Evelyn Baring, now in England, is to accompany him;
whereas the amount actually authorized was only $48,- and the English Chancellor of the Exchequer, Mr. Child¬
939,900 (the Iowa and Nebraska leased roads had not yet ers, goes out with the party for the express purpose of
been absorbed at the date of the report), with but making himself familiar with Egyptian finance.
It will
thus be

$38,932,3 00 outstand i ng.
The need of

bookkeeping

a

clear and

certain

intelligent system of railroad

forcibly illustrated than in
Of -what use is a railroad report, if

was never more

the present instance.
the investor lias first to torture

his brain and go

through

seen

that

as

the result of the Conference the Brit¬

ish Government has taken the

initial steps to make Egypt

permanent dependency of the (Town.
We are not sorry that matters should have taken this
turn at last.
It will be remembered by our readers that

a

reasoning before he can understand we again and again gave it as our opinion that there was
the accounts balance, the company’s only one solution of the Egyptian difficulty which seemed
bookkeeper had to bring the duplicated items in on the natural and proper, and which was likely in the long run
other side of the sheet, and there we find them under the to be satisfactory, and that was the permanent assumpintricate process of
it. Of course, to make
an




1 1 4

THE

CHRONICLE.

[Vol. XXXIX.

lion of -supreme

authority by the Government of Great relieved by the result which has followed the persistent
others both in Great Britain, in this and unreasoning conduct of France.
He knows now
♦country and throughout the civilized world generally, we what England wants, and happily he is now at liberty also
deemed Mr. Gladstone’s policy dilatory and inefficient. The to agree to her wishes, and, what rarely happens to a great
time had come when the traditional expectation of the statesman in such circumstances, to go back-upon his own
British people in regard to Egypt might be realized.
The policy without being inconsistent.
Mr. Gladstone has
been
savedas
if
ripe pear had virtually fallen into England's lap ; but by
by fire ; but his position as the leader
some
of
British
affairs
is
strange fatality she not only refused to take posses¬
again firmly established. Let us hope
that
sion, but seemed to be disposed to fling away that for
Egypt will now come under happier influences, and
which she had so long hoped and prayed.
that
she will see happier times.
AVhat seemed
strangest of all was, that after circumstances had forced
RAILROAD EARRINGS IN JULY, AND
her to put down a rebellion and assert her interest in the
FROM JANUARY 1 TO JULY 31.
country by force of arms, England, speaking by the mouth
Our
exhibit of earnings is again unfavorable.
of her government, seemed resolved to let go her hold.
Though
there
is a trifling increase in the aggregate of all roads,
The conference seemed to us the very climax of blunder¬
those
reporting diminished receipts outnumber those
ing ; for by submitting the case to the Bowers, England
was
asking what she already possessed, and in the asking reporting augmented totals, and there are very few
sections
indeed
where
the
showing is altogether
was risking the loss of what she had won, and what it was,
satisfactory. It must not be supposed, either, that we
beyond all question, her interest to hold.
While willing to rejoice at the turn affairs have taken, are comparing with unusually heavy totals a year ago.
we have not changed our opinions.
We assert that all the Northwestern roads then had quite large receipts, and
Britain.

liberty

Like many

of action which

could have claimed

and

Mr. Gladstone claims *to-dav, he

exercised

long

lie could

ago.

individual roads in the

some

favorable

Southwest also made pretty

returns, but in the great winter-wheat belt—•

embracing the States of Illinois, Indiana, and Ohio—the
control ceased.
We do not deny that events have showing was almost universally unsatisfactory and the
worked in favor of England; but we do say that unless losses very heavy.
A feature of the present year's earnings is. that this same
Mr. Gladstone had some secret knowledge of the senti¬
ment which prevailed at the different courts of Europe, winter-wheat section (barring one or two notable exceptions)
and felt perfectly assured as to the probable action of Ger¬ again makes an unfavorable comparison, and in. other sec¬
tions the roads which last year did best are by no means the
many and Russia—a supposition not in keeping with the
The conditions this year of course
known character of the man—a terrible risk was run.
If ones that now do worst.
have claimed and exercised it from

the moment the dual

Business was every¬
the conference had gone against England, Mr. Gladstone were not of a favorable character.
would have been politically ruined, and England would, where slow and depressed, passenger traffic small and di¬

single
hour; and it is not conceivable that the British people
would have let Egypt slip out of their hands, or even have
consented to any restoration of French authority.
But it
would have been exceedingly unfortunate for England if
her policy in Egypt had been opposed by the united voice

minishing, and both the grain and the cotton movement
was unusually light.
These influences combined to re¬
duce earnings, and the 4 0 roads reporting therefore
record the insignificant increase of $1,S.">0 this year,
while in the. previous year G7. roads reporting had
shown an increase of $1,171,510, o-r 5 per cent.
Below is
tin' comparison on all roads whose returns have yet come

of

Europe.

in.

It is not denied that the conduct of

than

have been

placed in most awkward circumstances.

Gladstone could

not

have

remained

in

power

Mr

a

England's represent¬
conciliatory.
But the propositions were dangerous.
For his present for¬
tunate position, Mr. Gladstone has to thank M. Wadding-

ative

at

the conference

was

at

once

ton and the French Government.
to

induce France to consent to

a

Lord

conscientious
to carry

-end.

as

to

resist

reduction of the interest




the conviction that honest and

Mr. Gladstone is, and resolved

as

he

was

out this policy on which lie had entered to the

whatever the- cost,

GROSS EA.RXINGS

he has found

himsjlf

mightily

a

somewhat earlier date

AVH Mn.EA.OK

Gross
-

Name

IN JULY.

Mileage.

Earnings.

of Road.

'

1384.

Granville, in order

payable to foreign holders of Egyptian securities, was
willing to pledge his government to an early withdrawal of
British troops from the Nile Delta.
lie was willing still
further to pledge his government to permit the interest on
the Suez Gmal shares, which England had purchased frum
the late Khedive, to be cut down two per cent.
It is not
to bo gainsaid that England, by the mouth of Lord Gran¬
ville. was speaking in the interest of the oppressed folaheen :
but England was most undoubtedly offering to make great
sacrifices.
Supposing France had accepted these proposals,
what might not have followed?
At the end of three
years. England probably would have evacuated Egypt. .As
soon as the last British soldier had
departed, chaos would
be resumed.
A new conference would be convened; and
with Franee willing to occupy Egypt and to restore order,
England might have found her influence and her oppor¬
tunity gone for ever. France, in her excessive selfishness,
has lost what might have proved an opportunity for her.
is difficult

(our table being prepared at
u.-ual).

firm and

now

It

,

13 33.

$

Dost. IIo!>s.Tiin.A*W.v
Burl. Ceil. Hap, As Ne*
Canadian Pacilte
Central Iowa
Chicago As Alton
Chic. As Eastern Ill
Chic. Mil w. A St. Pan1..
Chicago A Northwest.
Cliie. St. P.Miuu. A. O.
—

Chic. A West Mich.*..
Cm. Jml. St. L. A (Mi..

Pin. Wash. Si Balt*...
Cleve. Akron A- Col
lies Moines A Ft. i).*
Detroit LansV A. No
Evansv. A T. Haute:.
Flint A Pen* Man]...
Fla. Il’y A- Nav- Co-..
Grand Trunk of Can.*
Gr. Hav Win. A Sr. P.
..

.

Ill.Cent.(lil.ASo.Div.)
Do
(Iowa lines)..
hid. Bloom. A West..*
Kan. C. Ft. S. A Gull*

19,159
131.14 l
5 l-",000

100.972
731.5 >3
120.093

72 1.619
128.40 i

1,950,000
1,962,300

1,829,265
2,160,031
41 4.333
86.9 10,

461.40-)
81.-2'
211.622

190.122
97.137

69,26
41,132
16.617
96.0 IT
72.197
171.1 l 41,776
1,31 7,167,

43.96'.
17.14 1
1 2 1.355
54,331

161.127
41,961.411.71.'
25, 479

22, 168
707,097

772,792
15 1,676

121,197
142.627
107,3.>6
36.6,637

379.511

Louisville A Nashv...

1,072.79*)

1,1.24.770

Marq. Iloueh. A On*

89,837
95,109
2 6,406
128,115
1,026,4 19

91 ,'*9-

13 4.4 6 i
850.223

HH.21S

81,731

51,002

45.6-2:1
63, 18*
05,7 70
55,560
20,222
2-0 0-20
13-.92 l
70,69 s

D>mt Island

Miiw. L. Sh. A West..
Milwaukee A North.*
Mobile A Ohio
Northern Pacific.
Ohio Central
Peoria Dee.AEvansv.
Ro< k wter A I’iltsb...
Bt.I.. A.AT.H. m.iim *
Do do (branches)
Sr. Louis Pt.S. a Wit h
St. LouissASan Fran..
St. Paul A Duluth...
Wiscon&iu Central*...

150.*. 56

86,780

SS.239
26,355

111.237
54.0.C
45.936

39,6'.3
3*r.858
116,773
0 ,01s

-

1831.

Decrease.

*

20,2 i 0
130,S3 t
560,000
96.322

*
•
+ 10,0*1
•

i

—3.403
+ 12,000

4,650'

—

6.66 1

—

+ 7,711
-1-1 20,715

196.431!
+ 16.967
5.1 16
+ 21,700

—

—

*'.170

—

1883.

*

713

2, tO.s

1,70 l

401
8 47
25.

401
8 47
252
4.450
3.600
1.1 47
410

4,60

i

3.8U)

1,290
■4 1 5
:n:

2611

-2.8 53.
—29 4

] i 1
1 14

—23.306’
+ 1 4,166

24.0

L27-.;!
2,8 in;

1

—

+

66

871

T 16
361
4 46

343

281
114

143
225
146
O

t

O k

-*
4

466

2.322

-94,42 7
-3.01 I
55,69 ’»•

2.322

13.461:
—6.129
+ 20,4 2 4;
14,171
—5 i .9 6 i i

403
( >•* 4
36;)
34 7

JO
1.506
4 02
68 4
3-9
352

2,065

2,06.4

13 4

2.4 53

H'O
326
151
528
3.701

212

212

24 4

254
222
1 95
158
128
732
208
411

—

—

—

1,261:
+ 0,6 70;
+ 2.053'

—

6.010
+1 76,220
+ 16. J87;
—

+ ".1-2

+ 17.7.42
--11.06 l;
—9 6 24

+ 1 *.431
+ 67,838
-21,141

—5,6'-0

•->•>;

1,530

371
oo_L
528

291
135
136
2 60
77 >;
225
441

•

■

:

Total (40 roads)

..

!3.< 51.577

13,052,727

+

1.850 31,613 29,103

fOuly three weeks' of July in eacliyear. f For four weeks endeJ July 26.

THE CHRONICLE.

9, 1884.]

August

As Northwestern roads

conspicuous a year ago
for- their
heavy gains,
so
they are again con¬
spicuous in the same way in the present year,
though tne gains are not so uniform.
The Mil¬
were

.

A

waukee

Paul has

St.

addition to the

large increase of §304,000 in 1883, and
Omaha

the St. Paul A
tion to an

increase of §121,000, in

an

an

increase of $17,000 in addi¬

In contrast to the favor¬

increase of $85,000.

able exhibits of these

companies, however, the Chicago &
Northwest loses $108,000 for the month, though it had

The

gained only $ 101,000 in 1883.

company

is reported

lost

heavily on its line into the mineral region of
the northern peninsula of Michigan.
The St. Paul &
Duluth, which in 1883 had run up its receipts in the large
sum of $41,22"), from $90,009 to $137,921, now suffers a
loss of $21,151.
The Northern Pacific gains $170,000
this year, besides $150,000 in 18S3.
It is to be remarked
to have

that

the receipts were less than 2J million bushels, with a
recovery in the present year to only 3% million bushels.

year

There is

certain district in this belt, where the movement

a

of wheat appears to have proceeded with greater freedom,
but the fact that this is not reflected to any material ex¬
tent in the receipts at the
principal interior depots leads
to

the conclusion that the movement

some

intercepted bv

was

L

of the trunk lines to the seaboard.

As

tives of the roads in the favored districts,

*/

representa¬
have the

we

Evansville & Terre Haute, the Cincinnati

Indianapolis St.
Chicago, and the Chicago & Eastern Illinois, but
gains which these roads report are in each case smaller

Louis A
the

than the losses that the
which it is clear that

roads sustained in 1883. from

same

though their grain traffic

was

than in 1883, it was yet much lighter than in 1882.
these exceptions, however, almost all the roads
States of

heavier
With
in the

Illinois, Indiana and Ohio have decreased

earn¬

of these Northwestern- lines the movement

ings, though many of them had reported decreases last year.
than
last,
while
was
on Among these latter may be mentioned the Alton A Terre
the other hand the movement of corn-was very much less. Haute, both main line and branches, and the main line of
The grain movement at each leading Western and North, the" Illinois Central.
western port is set out in the following table.
Michigan roads all report losses this year; one of them,
the Flint A Fere Marquette, had quite a heavy gain in
RECEIPTS FOR FOUR WEEKS ENDED JULY 26, AND SINCE JAN. 1.
1883.
Wisconsin roads also report losses, except in the
of

some

on

larger this

spring wheat

year

•

1

Wheat,

Flour,
(bbls.)

og C’x

(bush.)

(hits,

Barley,

(bush.)

(bush.)

Bye,
(b:lsh.)

case

1

Chicago—
July. 1884
July, 1883
Since Jan. 1,18*4
Since Jan. 1, 1883
i
Milwaukee—
4 wks., July, 1S84
4 wks., July, 1883
Since Jan. 1, 1884
Since Jan. 1,188i
4 wks.,
4 w Us.,

St. Louis—
4 wks., July,

\
|
3,539.315 2,341,41(5 !
5.197,454 2,592,493
493,750
4,207.320 80,239,2,30 2 ',548,910
5,081,SOU 30,178,187 10,9(53,764
1
i
308,925
913,782
38,920
305,150
822,417
348,980
443,180 1,920.399
4,772,07*
1,710,282 1,840,844
4,107,20c

Shore

i

28.99S
40.10 s

121,005

1,924,37 2
2,7(5.3,192

929.4(57

413.439

172,903
148,757
1.434,718
1,751,445
•

287,165
233,768
2,0/3.449
1,784,217

190,528

1,584,381
12 44(5
3! ,82')

24.320
41,795
2.051,4(57

21(5,812
404,083

2,493,709

f
78.3(58
.*0,843
700,003
834,120

1884

wks., July, 1883
Since Jan. 1, 1**4
Since Jan. 1, 1883
4

10,97(5
5,400

12,723.534; .3,09,8,5(52

802,407

13,4157,915

3,25*,023

1,021,302

542,904

274,493

840.(551

418,500
4,551.992
4,578,291

9.711
19.385

4,071
8,085
41,431

Toledo—

382.2(51
42. t.358

1.339,331
1,010,450
4,004,*8(5
4,085,549

718,795
593,515

2,571
4,9(52
152,798
•

131,827

■

4 Wk‘*.,Julv, 1884
4 wks., July, 1883
Since Jan. 1,18*4
Since Jan. 1, 1883

2.9 0,109;
4,823,445

4(5,401

233,732
425,108

•

•

•

•

•

1,011
8.244
7,558
60,620

•

48,081
34,594

wks., July', 1888
Since Jan. 1, 1884
Since Jan. 1, 1883

31(5,* 15
414,517
45

130,401
819113

28,047
15,382

70,910

1,883,584
3,312,858

104.091

Cleveland—
4 wks., Julv 1.884

1,201 52(5
911,(523

72,019
52,924
521.530
420,492

7.549
4,780

4

1,007

........

#

.

2,156

151,500

42.881

115,000

wks., July, 18-3
Since Jan. 1,1884

12.633
9,200
74,232

9(5,041
704,310

41,81.)
527J587

75.3' 0
575,(55(5

1 IS*,181

1.100

lari.1,18*3

.3,201

819,550

825,207

510,333

109,404

2,*90

412,710
: 55,300

507,585

13,200
]5,ooo
2*7.20-)
304,COO

31,010

4

(500
tf..

Peoria—

4wks.,Ju'v, 1884
4 wks.,.Julv, 1**8

4,097

35,820

3.7.0

8iuce Jan. 1,1**4
Since Jan. 1, 188.

30,440
3vi,5i7

9,(500
282,395

0 081.525

(508,725
0,02.*,4 73

127,110

5,200,950

5,231,525

Duluth—
4 yvk«. J n v, 1*81

115,050

208,275

4wks.,Juiy, 1*83
Since Jan. 1, 1*81
Since Jan. 1, 18*3

00,5uo
207,000
131,000

94,998

22.147

1,200,957
1.171,404

SnS

22,147

34,: (/()
432.005

*57,280

-

85

2,813

.

.

.

2,813

-

Total of all--

,

Julv. 1S84
July, l*-3
July, 1882

083.041

3,735.57 2

5,050,019

555,070

(5.99(5,088

Since Jan. 1, 18-4
Since Jan. 1. 18,-3
Since Jan. i, 1**2

4.(598,783
4.704.092

2,400.930
9,531,0520,101.545
24,189.030

4.141,102

21,847.170

4 wks.,
4 yvks.,
4 wks.,

470,519

We here
at

find

Milwaukee.

grades,
record

while

3,742.730
4,074,311

77,549

303,370
75,010
5,548,583

5,373,339 2.079,985
55,832,532 33,530.075
02,933.(505 2*,0(5 5089 7,20.''.40*
48,120,703 21,029,837; 4,4(7,775

uo.sm
209,854
92,537
1,7 9 800

large gain in the receipts of wheat
which
receives
exclusively spring
the receipts of
corn
at
Chicago

a heavy falling off,
have adversely affected

have occurred in this district.

Put it is

a

fact that the

of wheat from farmers’ hands has been very
slow and not at all large compared with the magnitude of

the crop,

Western, wherq increased mileage is in part
responsible for the augmented receipts reported. The
decrease of $91,827, or 7 per cent, on the (Land Trunk of
Canada may be t;kcn as reflecting the course of traffic on
our own
great east-and-west trunk lines. The gains which
the St. Louis A San Francisco, the St. Louis Fori Scott A.
Wichita, and the Kansas City Fort Scott A' Culf. make,
are
indicative of the satisfactory, business in a certain
section of the Southwest.

cisco is

The increase

the San Fran¬

on

$87,838; in 1883 this road had lost §38,593.

The

Long Island loses $11,000 of the §2-7,000 gained in July,
1883; bad weather is assigned as the cause.
Among
Southern roads the Louisville &
A ()bio both

have

Nashville and tin* Mobile

small decreases this year,

after small
changes in 1883. The movement of cotton at the South
at this time of the year is always of small proportions;
but this year it was nearly nil.
This will be seen from
the following table, showing total
receipts at all the
Southern ports of only 7.7 II bales thisye^r, against 34,00!)
bales in 1883, and even 18,898 bales in 1882 (remnant of
the small crop of 1881).
RECEIPTS OF COTTON

SOUTHERN FORTS IN ,JULY, AND FROM JAN.

AT

to JULY

Ports.
18*4.

Inrtianol

■,

Ac

Ne\v Orleans
Mobile

| 18*3.

475: 12,072

bales.

Galveston

,

A.

Since

1882.

1*84.

852

lj

81

42

.2,P01I
54 3

14,507
572

3,962
1,515

11

21

4

Savannah

839

2,317

1,523

Brunswick, Ac

..

.....

423,169
56,692
17,624

Wilmington
Morehead City.

Total

|

j

3,330!

118,903

795,*93'

2,826
825,346

99,903;

71,073

9,19(5

112,6211

235,239j

01,286j

1,562;

1**2.

200j

8,58 1
174,401
502

2,977

401

112

157

14,908

37.70$

i

55

25

9,115;

10.827

2,520'

2,740

4,854

301, *7(5

060

3,079

2,332
143.489
57,890

202,5(52
00,9*6

7,741' 34,069

18,898

Ac

West Point, Ac

18*3

161,9371
10,779;

"1

Ac

January 1,

343,014

8291

......

S64

443

Charleston
Port Royal,

j

:.

|

130,771

’

Florida

1

31, 1884. 1883 AND 1882.
July.

a

which latter circum¬
the Chicago & North¬
western
earning^ it is to be noted, too, as an important
fact, that the receipts of grain at the winfrr-wheat markets
also show gains over a year ago. but—this is the significant
feature—very small in amount. < >ne would have supposed,
contrasting the present excellent crop in the winter-wheat
belt with last year's poor crop, that decided gains would
movement

Northern and Milwaukee Lake

A

2,049,837
1,101.545

quite

stance must

A

•

Detroit—
4 wks., Julv-, 1*84

Since

of the Milwaukee

2(57

2,701
124

1

j

79.936;

108,80S
9,603
30,057

1,001,1531 2,003,020 1,125,557

months to the end of

July, the exhibit of
earnings is also unfavorable, though not to the same extent
as for the month.
We have more roads with larger totals
For the

seven

the low prices prevailing making producers indis¬ than with smaller totals (compared with the same period in
posed to part with their holdings. As bearing upon this 1883) and the balance is on the side of the increase column,
point, we would refer to a line in the above table giving though exclusively because, of the gain of $2,583,000 by
the receipts in July, 1882, when the crop in the same sec¬ the Northern Pacific.
The’ only other gains of note are
tion was equally excellent.
In that month the receipts of those made by the Southwestern roads in Kansas, ami that
wheat reached as much as 9J million bushels, while last of the Rochester A Pittsburg made on increased mileage




THE CHRONICLE,
The

largest decrease

occurs on

[Vol. XXXIX.

the Grand Trunk of Canada,

I
1

June.
.

the minor roads

come

Illinois and Indiana,

Below is

in the

our

States

1 TO JULY 31.

*

Name of Road.

$
220,098

Boston IIoo8ac T. & W.*
Burl. Cedar Rap. & No.*
Canadian Pacific
Central Iowa
Chicago & Alton
Chic. & Eastern Illinois.

1,409,582
2,754,712
763,308
4,5 86,31; 8
826,801

Chicago Milw. & St.Paul
Chicago <fe Northwest...

12,378.000
12,532,899

Chic.St.P.Minn.& Omaha

3,115,644

Chicago & West Mich*...

845,859
1,321,975
882,8(3

Cin. lud. 81. L. A Chic.

Cin. Wash. & Baltimore*
Cleve. Akron. & Col
Des Moines Sc Ft.Dodge'
Evansv. & T. Haute.....
Flint & Pere Marquette.

Florida R’y & Nav. Co.*
Grand Tr. of Canada!...
Green Bay Win. A St. P..
Ill. Cent.flil. line & So.D)
Do
(la. leased lines)

49,280

12,518,223
13,049,546
2.808,238

367,400

811.087

4,172

510,047
........

1,382,643

1,410,429

569,159
9,285,688

87.389
10.414.091
210,500
5,742,459

731,785
424,527
203,100

2,480,821
612,50:
8,683,154
782,821
96,526,102

27,080
19.289
3,574
1

-

63,780

•

81,770

4

1,158.403
23.191

1,085,205
1,53 8,47(
907,900
1,472,320
7,500,159
567.831

352,692
250,045

27,786

1,097,010

2,900

4,381,283

2,533,414

377,875

40.181

273,694
754,088

355,515

183,809

120,015
119,530

1884
1883

410,635
470,1(54

280,00(5
297,920

3,900,174
4,150.871

2.823,148
2.977.729

292,308
341,771

204,(84
224,301

2,148.704

1,250,837
1,599,502

....

.

...

.

24,381
........

509.832

052.0 j1

i

1884

1883...

2.810,489

Phila. & Read. Coal & iron—
1884
1883
Utah Central1884
1883
West Jersey —
1884
1883

57,254!

84,0791

1,0-3.357
1,548,731

$
294,188
102,323

1.240,502
1,209,435

501,930

314,2:30
350,3o0

42,807

458,740
26,914

2,944,014

0-18,843
1,077,554

1,083.026 23.333,249
1.179.142 24,352.579

8,112,242
8,518,826

178,244!

i

1,016,8 ll

1,943.239

542,904
692,120

10,110.176

3.96L249

1,210,987! 10,905,800

4,627,383

87,884
120,470

897.92?!

.

7.053,919 df.343,454

df.27.480

1,110,843

1,522,450

26,275

7,171,807

80,057
180,102
290,870

-

85,932
79,829

47,044

38,2-8'

474,360

45,723

34,106

574,479

112.374
108,0 JS

79.305
00,517

&3.009
42,181

i

527,507
477,859

i

May.

185,212

162,475

Jan. 1 to

May 31.

1

Name.
Net

Operating

Net

Gross

Earnings Expenses. Earnings.! Earnings. Earnings
Grand Trunk of Canada—
£
1884
278,009
1883
322,571
Chic igo & Gr. Trunk1881
5(5,274
1883
49,7u9
Det. Gr. Haven & Milw.—
1884
20,959
1883
22,400
Union Pacitic—
!
*
1884
! 2,112,342
1883
i 2,351,012

£

£

104,722'

44,027
37,147

11,01?
12,502

April.

|
1

Gross

Operating

Net

$

*

* *
294.113

,

339,449
396,501

258,894
239,233

44,971
50,803

95,027
108,223

18,580
24,320

304,402 i

232,214
252,178

!

*

9,300,Q90
10,090,125

I
!

*
3.243,009
5,270,921

Jan. 1 to April
Gross
Earn imp.

Earnings. Expenses. Earnings. \

Clev. Col. Cin. & Indianan.—
1881
!
!
1883

1.343,9-15
1,505,631

1
15,585
5,374
10,180
0,220
*
*
1,109.807
912,475
1,223,697 ! 1.127,315

Name.

33,853

£

£

j

80,488

198,181
217,849

1

39,514

61,899

52,22*1

of both

30.

Net

Earning:.

$
1,191,013
1,305,138

t Embracing operations < f Central of New Jersey in June
not prior to that in either year.

January 1 to July 2G.

1,005.319

2,020,255

130,629

:

82,953

4,985,744 2,815,301
2,170,380

Net

Earnings.

$
1,591,499

03,515

i

,

.......

153,300

94,355,782

68.107

Philadelphia & Readim: t—

.........

419.908

8,600.201
718,908

'•*

53,273 d f .3,207!
53,027 1
17,182

50,000
70,109

Gross

22,903

109,800
1,970.992

1
*
215,304
243,175

Gross

Net

;

Philadelphia & Eric—

304,682
23,000
128,881
84,059
53,170

$
283,531
300,(390

203,(510

1884
1883/

213,213
lb8,259
171,022

only of July in each year,

Includes three weeks

N. Y. & New England—
1&S4
1883
Norfolk & Western—
1884
1883
Shenandoah Vailey—
1884
I8s3
Northern Central1884
1883
Penn, (all lines east ox Pitts¬

Jan. 1 to June 30.

Earnings.\ Earnings.

burg & Erie)—

81,196
140,223

908.uOO

029,239

Total (39 roads)
Net increase

t From

84,51*1

5,418
19,790

260,736
172,8J0
401,143

621,004
283,831
1,100,570
6,904,097
418,050

Wisconsiu Central*

*

67»,797

4,537,082

Gross
Operating,
Earnings. Expenses.

.

80,429

1,272,042
1,495.392
7,629.010
430,751

Milw. L.Sliore & West’n.
Milwaukee & Northern*
Mobile «feOhio...
Northern Pacific
Peoria Dec. & Evansville
Rochester & Pittsburg ..
8t.L.A.&T.H.main line*.
Do
do (branches).
St, L. Ft. Scott & Wicli..
St. Louis <fc S. Francisco
St. Paul & Duluth
Wabash St. L. Sc Pac

$

$

52,054

1(8,044
1.415,00
2,774,50?

26.279

9102)40
1,364,448

Long Islaud
Louisville Sc Nashville..
Marq. Houghton <fc Out.*

$

Decrease.

903,272
294,410
153,547
397,509

5,499,210

Kan. City Ft. S. & Gulf*.

Increase.

1,318,254

193,309

Indiana Bloom.Sr. West,.*

'

1883.

1881.

Ohio?

of

table, giving full details.

GROSS EARNINGS FROM JANUARY

Name.

1

and then

$
262,243
344,741
years,

but

Net

earnings for .June are, as a rule, unsatisfactory.
About the only prominent exception for the month is the
Chicago Burlington k Quincy, whose return we discuss at
length in another column. The Atchison loses heavily, but
for a special reason, also alluded to in another column.
Denver & Rio Grande, though it still runs behind last
year, makes a better showing than in any other month this
year. New York & New England is a trifle ahead of 1883.
The Pennsylvania, tliQ Northern Central, the Philadelphia
& Reading, the West Jersey, all have decreased totals.
Southern roads, which heretofore have proved exceptions
to the generally unfavorable returns* made by other lines,
also report losses in both gross and net now.
The Erie
exhibit has tiny merit of being more prompt than usual,
but records a heavy decrease in gross and net alike.
Following are the figures of all roads that will furnish
returns for publication.

THE DEBT STATEMENT FOR JULY,
The

following is the official statement of the public debt

it appears from the books and
of business on the last day of

as

Treasurer’s returns at the clote
July, 1884:

INTEREST-BEARING DEBT

.

Character

Amount
A uthor-

of Issue,

When

j izing Act.

Payable.

i
3s of 1882..

July 12/82

At

option.
1, ’91
’71 July 1,1907

4^8 of 1891 ’70 and ’71 Sept.
4s of 1907.. ’70 and

Inter st[Periods.
t|.-M

Outstanding.

Registered.

$223,453,250

Coupon.
$

190,681.450

53.318,550

591,733,050

145,947,300

$1,011,807,750 $199,205,850
4s, ref. ctfs. Feb. 20,’79

$27 4,350

3s,navyp.fd July 23/68

14,00 0,000

Aggregate of interest-bearing debt
On

GROSS AND MET EARNINGS TO LATEST DATES.

1884.

the

foregoing issues

$1,225,407,950

there is a total of $2,223,293 interest
The total current accrued■ interest to

over-due and not yet called for.
1

€

Name.

:

June.

Jan. 1 to June 30.
Net

Gross
Operating
Earnings Expenses.

Atch. Topeka & Santa Fe*
1884
1883
Burl. Cedar Rap. &
1884
1883

'

1

.

*

-

North.—

200,418

Chicago Burl & Quincy—

210.010

159,557
159,351

2.077.182

1,004.111

1,937.910

*
i

452,495
710,131

?

7,040.815
7,308,994

i
•10.se 1 !

3,535,939
3.7 i 8,0 7 7

1,278.713

355.919
323,7-45

57,205, I 1,230,858

"

1884
1883
Denver & llio Grande—
1884
1883
Des Moines A Ft. DoJgo—
1884
1883
Louisville A Nashville—
1884
1883
Missouri 1’aeillc*; —
188 4
TSAI
Missouri Kan. & Texas! -

1883
Nas»*v. Chatt. A St. Louis—
1884
1883
N. Y. Lake E ie & West.t—
1884
1883..
*

993.228

11.010,021
944.688, 11,405.203

583.797

389.355

194.412

078,781

424.510

254, *65

29,720
22,609

18,295
20,815

5.43)
1,854

1.032.359

038,071
031,038

301.2SS
459.008

1.012,741

j

.

5.153,970
5.3" 1.547

3 034,512

3,371.207

509,970
1,1,-3,980

155.981*

38.591

130.400

is, 432

0.550 245
0,375,383

2.25I.1--0
2,404,095

7.030,22?
7,051,200

3.275,09.3

j
1

i

There is
been

a total of over-due debt yet outstanding, which lias never
presented for payment, of $12,096,365 principal and $309,77S

interest.

Of called bonds embraced in this total the principal is

follows:

5-20s of 1802, $355,230; do ISO I, $49,400; do 1865»
$59,950 ; consols of 1805, $271,950; do 1807, $548,030; do 1808
$92,700; 10- 40s of 180 4, $177,850; funded loan of 1881, $232,100
3’s certs., $5,000; Os of 1801, continued at 3kj ffbr cent, $253,350; 6s
of 1803, continued at 3hs per cent, $37,750; t§3 of 1831, continued
at 31-3, $492,300: loan of 1882, 3s, $9.120,300.
1
as

DEBT BEARING NO INTEREST.

2.912,4 )8

1

,

!
1

I

i

101.957

170,001

i

3 265 849

999.220

3/} 17A3 2

1,020,321
!

82,207

79,090

1,145,181

491.100

80.806

83.708

1.101990

4-0 752

312,75*

9,471,512
lO. nT, ,03

1
!
1,509.50- j 1,250,813 !
2.057,547 ! ,44! ,*25 j
'

.

015,72,

1.530,411
2,701,141

Including Southern Kansas in both years.

1, in 1383.
5 Not including International & Great Northern,

Including Iron Mountain.

Authorizin'/ Act.

Character of Issue.

A mount.

July 17, ’01; Feb. 12, ’02
Legal-tender notes
Feb. 25, ’02; July 11, 02 ; Mar. 3,’03
Certificates of deposit June 8, '72
Old demand notes

Gold certificates
Silver certificates

Fractional currency

+ Including 08 per cent of earnings and entire working expenses of the New
York Pennsylvania X Ohio Railroad f r the whole of this year and alter May




DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.

i

1.090,700

i

$6,015,743.

Net

Earnings Earnings

$

*
801,534
550,95

1,251,029
1,201,085

Gross

Earning:

date is

March 3, ’03; July 12, ’82

118.017,320

February 28,’78...

120,401,341

j |Jl*B3^7june 30^*64} $*5,354,425

Less amt. est’d lost or

$58,415
310.681.016
13.230.000

destr’yed, act J’e 21,’79

Aggregate of debt bearing no interest.
Unclaimed Pacific Railroad interest

8,375,934

6,978,491

$605,369,583
4,229

August

THE

9, 1884.J
RECAPITULATION.

%xt%\is1x ^exus

iptfujetariil

Amount

Interest.

Outstanding.
Interest-bearing debt—
Bonds at 4*s per cent.
Bonds at 4 per cent...

147

CHRONICLE.

RATES OF EXCHANGE AT LONDON AND ON LONDON

$250,000,000 i

AT LATEST DATES.

*

737.680,3501

223,453,2501

Bonds at 3 per cent...
Refunding certificates
Navy pension fund ...

0u0|

$8,269,043

$1,225,407,950;
12,606,365j

Rate.

Time.

‘

309,778

i
12 07 ^2

12 1*2 ®12-2*2 ' ;July 25 Short.
12 3*2 ®12*4
it
20-57 3 20-61
j
ij
it
Julv 25 Short.
20-57
a>20-61
ii
“
20-57 3 20-61
i 'July 25
4 1
**
12*31 *4® 12-36*41 iJuly 25
“
25-35 325-40 i July 25 Checks
325-20
Checks 25-15
3 mos.
239163235b
25 3 mos.
ii
25 40 325*15
|

Amsterdam. Short.
Amsterdam. 3 11103.

346.739.4311
13.230.U00
238,421,6611
'

Latest
Date.

Rate.

Time.

On-

Total interest-bearing debt
Debton whichint.has ceas'd since maturity
Debt bearing no interest—
Old demand and legal-tender notes
Certificates of deposit
Gold and silver certificates
Fractional currency

EXCHANGE ON LONDON.

EXCHANGE AT LONDON-July 25.

274,350!

14,000

Hamburg...

.

Berlin
Frankfort...

6,978,491'
’’

.

.

.

20-40 83
2041
12-18

•*

$605,369,583

Total debt bearing no interest...

I

4,229

Unclaimed Pacific Railroad interest

$8,533,052
j$l,843,383,898
$1,851,966,950
Total debt, principal and interest, to date
Total

405,910,003

Total cash in Treasury

$1,446,056,946

Debt, less cash in Treasury, Aug. 1, 1884
Debt, le8scash in Treasury, July 1, 1884.

1,450,050.235

Decrease of debt during the past month
Decrease of debt since Jjine 30, 1884
Current Liabilities—
Interest due and unpaid
Debt on which interest has ceased
Interest thereon
Gold and silver certificates
U. 8. notes held for redemption of certificates

$3,993,288
$3,993,288

i

1

j.

$2,223,295

j

12,606,365
309,778
238,421,661

of deposit.!

Available Assets—

i $405,910,003

Cash in the Treasury

BONDS ISSUED TO THE

PACIFIC RAILWAY COMPANIES.
UNITED STATES.

INTEREST PAYABLE BY THE

Amount

Character of
Issue.

Interest

paid

outstanding.

by U. S.

Central Pacific
Kansas Pacific
Union Pacific....
Central Br. U.P..

$25,885,120

$25,005,662

..

6,303,000

6,507,513

27,236,512
1,600,000

26,592,041
1,645,803

Western Pacific..

1,970,560

8ioux City & Pac.

1,628,320

1,786,482
1,561,996

..

Total

$64,623,512

Balance o f

Interest

paid by
transportat'n
re

interest pa

id

by U. S.

$4,784,617 $19,572,773
3,452,221
3,055,291
16,535,933
10,00o,1<!7
162,401
1,476,480
9,367
131,138

1,777,115

1,430,358

$63,099', 50 4 $18,148,923 $44,295,331

The Pacific Railroad bonds are all issued under the acts of July 1.
1862, and July 2, 1864; they are registered bonds in the denominations

$1,000, $5,000 and $10,000; bear 6 per cent interest in currency,
pa}rable January 1 and July 1, and mature 30 years from their date.

of

UNITED STATES TREASURY STATEMENT.
The
was

following statement, from the office of the Treasurer,
It is based upon the actual returns

issued this week.

from Assistant Treasurers,

mints and assay

depositaries and superintendents of

offices:
LIABILITIES, JULY

Post-office Department account

31, 1884.

,

Disbursing officers balances
Fund for redemption of notes of national banks “failed,”
“in liquidation,” and “reducing circulation”
Undistributed assets of failed national banks
Five per cent fund for redemption of nat’l bank notes.
Fund for redemption of national bank gold notes
Currency and minor-coin redemption account
Fractional silver-coin redemption account
Interest account, Pacific Railroads and L.& P. Canal Co
Treasurer U.S., agent for paying interest on D. C. bonds
Treasurer’s transfer checks and drafts outstanding
Treasurer’s general account—
Interest due and unpaid

11,856,911
761.187
118,017,320
120,404,341

Balance, including bullion fund
Total Treasurer’s general account
Less unavailable funds.

$5,229,398 57
32,172,612 34

38,672,556 10
309,365 20

12,842,720
180,249
30,083
42,536

77
00
32
75
1,800 00
442.572 21

....

i

465q ®463i

a

i

July 25

517e352

mmm?

....*;

i

Is. 7*2d.

Deni.

Bombay....

ls.Yhjd.

it

.

Hong Kong..

......

....

Shanghai....

527s

mos.

25 Tel.
25

484^

tr.

4*

Is. 78jd.

/

44

25

25 4

IS.

4

•

5 s.

London, Saturday, July

quietness. There
very prominent feature, but some disappointment
is felt as regards the dividends declared by the railway com¬
panies which embrace our manufacturing districts. Bad
trade, it is said, is the cause of this, and there is no doubt o f
the fact that the decrease in the earnings has been produced
by the want of enterprise which exists. The reports, how¬
ever, from the manufacturing districts are not altogether dis¬
couraging, and there seems to be a fair amount of business in
progress, more especially as regards the trade in wool. As
no

regard to other branches of
complaints, both on the Stock Ex¬
change, as well as in mercantile circles, that business is very
dull and unprofitable.
The position, nevertheless, must be
regarded as an improving one, and that the future can be
looked forward to with increasing confidence. Any imme¬
diate change is not expected to take place, but the results of
injudicious enterprise are being corrected, aud the general po¬
sition is regarded as more satisfactory.
The demand for money daring the past week has been upon
the most moderate scale, and the rate charged is only about
i< per cent per annum. The discount market has also been
very quiet, and the quotation for three months’ bills does not
exceed 1 to 113 per cent. The money market is, in fact, in a
condition of extreme ease, and there are no indications of
change. The Continental markets are, however, dearer than
our own, but there is no perceptible effect.
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of the
previous five weeks:
much

as

this cannot be said with

business, and there are

i
!

i
i

Jane20

Interest allo wed

Open market rates.

«

for deposits by

3

5$

Trade Bills.

Bank Bilts.

31, 1881.

$162,005,978 42
4 - ,533.57 2 56
137,692,119 00

A.
:...

29,797,485 76
4,603,609 95
26,525,830 00
25.265,9-0 00

42,727,939 53

2

hji®

-

2

i&@

-

1

“

1| 2

1 1-16

is; 2

1M@

-

25

ibJ®

—

2

6,06V 35
13,970.4 21 04
810.300 83
123 76

1372

Quarterly interest checks and coin coupons
United States bonds and interest
Interest on District of Columbia bonds
Speaker’s certificates

paid

...

65,000 00
117,977 83

7,984 32
78,738 25
7,110 00

$502,745,622 01

&

—

1%@2
pq®2
1^®2

\VA®

-

m®2

2

—

—12

-

1)4®

—
-

\\i«b

Stock

Six

Four

-

@

-

<3

—

2

&

-

U$®2

2

%

-

U*®2

iDisc't Wse
—

At

Banks. Call.
1

2

1

7 to 14

Days.

VA-1H

,2 @2’<f 2!4@3

1

1

IH-1H

;i-H®2J4j2K®3

1

1

1X-U4
H- H
* Hr H
Hr H

,13L32 ,2I4@2%
13*32*4 2)4®3

1

1
1

following return shows the present position of the
England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair 2d quality,
•n for the past week, compared
and the Clearing House
with previous years:
1883.
1882.
1331.
The

Bank of

1884.

Circulation
Public deposits
Other deposits
Go vernm’t securities.
Other securities
Res’ve of notes & coin
Coin and bullion ifi

25,744,750

5,6 >8,328
26,633,832

13,579,571
22,210,649
14,560,885

both departments.. 24,555,635
Proportion of reserve
to liabilities
417e p. o.
Bank rate
2 p. c.

Consols

*■

26,690,890
3,859,186
27,462,031
14,319,471
22,713,909
12,403,529

£
26,967,105
4 571,166
28.329,418
15,885.333
20.105,573
15.039,445

22,576,486 23,344,419

26,256,550

44*4 p. c.

393s p. c.

4 p. c.

3 p. c.
49s. 2d,

459s P- C.
2*s n. e.
101*8
46s. lOd.

92,420,000

91,415,000

£

£

£

10,529,336 41

Deposits held by national bank depositaries
Minor coin.
New York and San Francisco exchange
One and two-year notes, etc
Redeemed certificates of deposit, June 8,

“

“

Three | Four j
Six
Months Months Months Months Months Months
Three

....

uoim

|

.

4 2

July

694,710 31 -405,910,003 95

.

271

“

$406,604,714 26

26, 1884.

past week has been one of exteme

The

has been

1

13,230,000 00
139,8.3,613 98

2d.

[From our own correspondent.]

"■'! £
t 3

15
05
00
00

7*2(1.

3s. 98 d.

mos.

jJuly 25

i

:

3

«...

July
IJuly
IJuly
IJuly

New York...

6,911,693 80

$502,745,622 01
ASSETS. JULY




4658 34634

ii

,

Old debt
Gold certificates
Silver certificates
Certificates of deposit

Pacific Railroad interest paid

it

Constant’ple
Oaloutta..

241 16

....

Alexandria..

$2,223,295 18
298.045 90

Matured bonds and interest
Called bonds and interest

Gold coin
Gold bullion
Standard silver dollars
Fractional silver coin
Silver bullion
Gold certificates
Silver certificates
United Stat us notes
National bank notes
National bank gold notes
Fractional currency

I!July

139,118,903

| $405,910,003

Total

Paris
St. Petersb’g
Genoa
Madrid
Cadiz
Lisbon

13,230,000

j

Cash balance available Aug. 1, 1884

Vienna
Paris

100*3

Eng. wheat, av. price
37s. 4d.
Clearing-House ret’n. 92,681,000

25,908.180
4,659,943
23,246,642
11,905,643
21.593.240

12,418,306

99>3,6
42s. “a.

94,787,000

100 *ed

148

CHRONICLE.

THE

The Bank rate of discount and
open market rates at the
chief Continental cities now and for the
previous three weeks
have been as follows:
July 21.

Rates of

Interest at
•

e

July 17.

July 10.

July 3.

Bank

Open

Bank

Open

Bank

Open

Bank

Open

Rate.

Market

Rate.

Market

Rate.

Market

Rate.

Market

Parte

3

Berlin

4

Us
2}£

Frankfort

3

s-X

3

4

2h

4

2%

'

OK,'

&

K

3

2*

3

3

m

3

m
2H

Madrid

5

5

5

Vienna

4

3H

4

0

6

4

4

Petersburg..
Copenhagen.
..

2H
3«
S'A

4
—

3

3

m
2H

3

2H
2%

5

5

5

5

5

3^

4

35s

4

3% "

6

6

0

0

0

0

4

4

4

4

4

4

Treasury hills to the amount of £2,085,000 will be tendered
on
Wednesday, the (5th of August next, at the Bank of
England. £1,500,000 drawn in May and £05,000 drawn in
April will fall due, and the present issue is therefore £00,000
in

excess

of the amount

required.

Messrs. Murietta & Co.

announce

an

issue of £400,000 7 per

cent

guaranteed debenture stock of the Buenos Ayres & Pacific
Railway, limited. The price of issue is 115 per cent. The
Argentine Government guarante3 7 per cent for 20 years.
The Thames'Valley & Rotorua
Railway, limited (New Zea¬
land), are applying for £100,000 5 per cent mortgage deben¬
tures at the price of 95 per cent.
A prospectus of the New Oriental Bank
Corporation has
appeared. The proposed capital is £2,000,000 in £10 shares.
The first issue is to consist of
£1,000,000. It is alleged that the
new
undertaking will receive considerable support in the East.
In reference to the state of the bullion

Pixley & Abell remark

market, Messrs.

:

quotations for bullion

are

reported

as

d.

8.

20 dwts. silver..oz.

|

July 17.
77 10

77

77

j

i

un

i

Span, doubloons.oz.
8.Am.doubloons.oz.

1

U. S. gold coin... oz.
Ger. trold coin...oz.

70

July 24

d. i

a.

77 10

1114

3* *

ing 5

grs.

gold..oz.

Cake silver

...oz.

Mexican dols...oz.
Chilian dols

'

oz.

■

-

1 51 13-10
j 54 13-10
i

50*.

j

........

i
and
are

rain has been
as

the London

district is concerned. In other districts,
claimed to be necessary to bring about
shown.

undoubtedly the fact, and
At the

some

dry, hot weather is
satisfactory results.
anxiety is now being

time, tlie rains of the last few weeks
have been of incalculable benefit to the
country, inasmuch as
the later-sown crops and the
pastures have improved im¬
mensely. Unless the weather should become very unpropitious, the yield of the soil this season will exceed the average,
and this must necessarily be a source of wealth.
In very early
districts, wheat-cutting has been already commenced, but a
general movement is not expected until the first week in
August. The wheat trade during the week has been rather
firm, but there has been no appreciable change in values.
The following are the estimated
quantities of wheat, flour
and Indian corn afloat to tlie United
Kingdom, Baltic supplies
not being included:
At

Wheat
Flour
Indian

same

present.

qrs. 1, VOO.OOO
102,000
com

301,ooO

Last week.
1,41)1,000

Last year.

1882.

1,Eli,000

170,000

143.000

1,943,000

305,000

228,500

Advices from France state that harvest work is
ress

in the central

said,

are

152,000

225,500
now

in prog,

districts, and is general. Farmers, it is
embarrassed to find reapers, as wheat, barley and
oats have arrived at maturity at the same time. The Govern¬
ment has, however, afforded the usual assistance.
Rain has
fallen

frequently during the week, and passing storms have
been general; but the moisture has not t>een sufficient to harm
the corn, while it has done immense good to
vegetables and the
root crops, the beet crop
having been especially in want of




3.24—Thlie

SALKS.

1883-4.

Wheat

Barley

1882-3.

qrs. 2,056,608

2,407,553

2,049,153
492,425

1.944,370

Oats

1881-2.
1,804.978
1,020,754
215,537

208,530.

1880-1.

1,504,840
1,070,172

107,813

AVERAGE PRICES.

1383-4.
s.

Wheat

per

s.

1881-2.

d.

1380-1.
s.
d.
43
5
32" 3
23
9

d.
9

s.

38

9

41

9

40

3 4
20

5
3

32
21

9
7

31

4

21

8

qr.

.

1832-3.

d.

Converting quarters of wheat into cwts., the totals for the
kingdom are estimated as under.

whole
Wheat

ewt.

1883-4.

1882-3.

35.480,000

41,730,000

English

1881-2.

1880-1.

31,285.280

29,124,200

Market Reports—Per Cable.

The

daily closing quotations for securities, &e., at London
and provisions at Liverpool, are reported
by cable as follows for the week ending Aug. 8:

and for bTeadstuffs

■

during the past week lias been unsettled
.-heavy rain lias been frequent, though not general. There
complaints from some localities that tlie fall of
insufficient, but this lias not been tlie case as far

17.

50 13-10

r

'

y

d*

!

501*
51*
5444
50*

Ju

1

d.

Bar silver, flne..oz.
Bar silver,contain¬

The weather

This is

publishes reports from every parish
importance in tlie hop-growing districts of Fast Kent, MidKent, the Weald and Sussex. The reports are unfavorable
respecting a large proportion of the acreage, particularly in
Mid-Kent, the Weald and Sussex. ThO serious character of
the aphis blight is seen in the state of the vine and
foliage,
much of which has gone
completely black; and in such
grounds, of course, there can be no hops grown worth the
name. The afflicted
plantations, however, are not all bad alike
—some may not be
too far gone to produce a crop that may he
just remunerative and nothing more; whilst others must inevi¬
tably be a complete failure. With regard to tlie best grounds,
whether in Kent, Sussex, Farnham or
Worcestershire, com¬
plaints are general of the spread of mould, and in many places
the sulphurator is again in use.
In the following return is shown the extent of the sales of
home-grown wheat, barley and oats in the 187 principal mar¬
kets of England and Wales
during 47 weeks' of the
season, together with the average prices realized, compared
with 150 markets in previous
seasons.
During a portion of
the season 1882-83 the returns were collected from the
larger
of

Oats

Price of Silver.

i

Bar gold, fine. ...oz.
Bar gold, contaln’g

Tlie Kentish Observer

Barley

follows:

!

Price of Gold.

July 21.

hops promises well both in

number of markets.

Gold continues in good demand for India and
Spain. The exchange on
Paris during the week lias touched and is now
only a little above the
rate at which gold would leave this
country. The Bank of England has
sold £28,000.
Silver, which we quoted in our last at f>0i-'Vd , owing to lower rates
from India fell off
5u:h i., which price we quote to-day. The *• Werru”
fr. m New Yoilc arrived with £3,360; the “Donau” from New
York arrived
"With £50,'i(i0. The “ Brindisi” took £75,400 to B
imbay.
Mexican dollars, in the absence of any to hand
during tho week, have
remained at the nominal quotation of 50^1.

The

prospect in France is everywhere good, and a wheat
of 100 to 110 millions of hectolitres is looked forward to.
far as Russian shipments are
concerned, tlie leading
feature is the large proportion of wheat and oats sent to the
Continent. Nearly 30,000 chetwerts of wheat were sent last
week to this country, and 41,471 chetwerts to the
Continent.
About 105,000 chetwerts of oats were
exported to U. K.
ports and 179,000 to the Continent.
crop
As

Germany and Austro-Hungary. Insects have not done much
damage and a good middling harvest is looked forward to.

3

for

The

It is stated that the harvest of

2>2

Brussels

St.

—

5$

Amsterdam

'

3

2*
2‘4
2%

rain.

[Voi.. XXXIX.

London.

Silver, per

Sat.

d.

oz

Consols for money
Consols for account.
Fr’ch rentes (in Paris) fr
U. 8. 415s of 1891
U. 8. 4s of 1907
Canadian Pacilto
Chic. Mil. <fc St. Paul....
Erie, common stock....
Illinois Central
...

Mon.

507b

^4

77,9or
110

*8
121 18

a

464i
87

.

Hi

10?4

17
132
59
14 :irf

H-

132
59 *8
14 *4

Flour (ex.

Sat.
s.

d.

State).100 lb. 11

0
7
5
8
7

Wheat, No. 1, wh.
8pring, No. 2,11.
Winter, South, u
Winter, West., n
Cal., No. 1

“

“
“
“
“

Cal., No. 2
“
Corn, mix., old...
“
Jorn, mix., new..
“
Pork, West. mess.. $ bbl
Bacon, loug clear
Beef, pr. mess, uew.f tc
Lard, prime West. $ cwt
Cheese. Am. choice

8
7
9
7

8
7 1

0

6

5
69
41

0

/ /

0

39

8
0

5.0

5
8

100 b}
100 s*
77-4 7 *9
110
124
47 *4
87 -h

•

Pennsylvania
Philadelphia & Reading
Vew York Central/.....
113*8

Liverpool.

Wed.

Thurs.

Fri.

50 7S

5013} 6
OOfis
IbOTje

-

50 78
lO.i *8
100

1
Tues.

8.

11
8
7
9
7
8
7
5
5
65
40
78
39
49

d.
0
7
6
8
8
0
8

0b2
4
0

8
0
0
0

Tues.
8.

11
8
7
9

d.
0
7
5
8

7

/

8

1

7
5
5

9
6 bj

67
42
77
39

50

.

10.1

10<

160 3*
77: 15
115 %
123
4(>

77 45
11. 3 b;
12 l5#
4 7 *

895s
1 7*4
133 bj
878

5*2
O

8
0
9
0

SG
it;

s.

r

d.
0
7
5
8
rm

s

1
9„

5

5

67
43
77
39
50

0
O
O
9
0

77-39

115*8
123*4
457s
847s

^2
*4

14

15 ha
131 ‘4
57 x4
13

111

109*8

Wed.

11
8
7
9
7
8
7

1

132
58 x8

14*8
ill 3

;ii4
Mon.

507*
10

Thurs.
s.

-

11
8
7
9
7
8
7

d.
0
7
5
S
7

0

1
9
6

5
67

0

44

Fri.
s.

.

5*

11
8
7
9
7
8
7

5
5
67

d.
0
7
5
8
7
1
9
6

4b>
0

0

15

n
t

0

40

0

77
40

0
0
0

i 50

0

j50

0

—

i

,

(Commercial anti JHdsccUaiteous Items
National Banks.—The following national banks have

lately

been organized:
Peoples’ National Bank of Greenport, N. Y.
Capital.
$50,000.
S. Weils Phillips, President; Cairoll F. Nortonr
Cashier.

Third National Bank of St. Paul, Minn. Capital. $500,000.
Walter Mann, President; Richard E. Slower, ( ashler.
Milford National Bank, Milford, Ohio. Capital, $50,000.
John B. Inen, President; W. M. Sanford, Cashier.
The Second National Bauk of Lansing, Mich., has gone into voluntary

.liquidation.

,

Resolution dated July 31, 1884.

THE

9, 1884.]

August

CHRONICLE.
Balance*.

Coinage by United States Mints.— The

following state¬
ment, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of July and for seven months of 1884:

Dale.

Aug. 2.
*•

4.
5.

“

Denomination.

Sere)i Months of 1 384.

(

Pieces.

Value.

$
121,800 ' 2,490,000

Double eagles
Half eagles.
Three dollars

$
11.340,500

85

255

121,800

——

2,979

939,191

13,867,134

10,255,710

10,255,710

710
710

354

j 2,490,COO

Half dollars

Quarter dollars

2,240,710

1.77
224,071

18,497,840

10,480,313

5,714,972
2,972
15,700/272

285.719

157,603

21,478/210

443,441

40,915,247

30,790,888

!

Dimes

Total silver

2,325,000

Five cents..
Three cents.
One cent....
r

Total coinage......! 2,449.800

130

2,979

Dollars

Imports and Exports for the Week.—The

89

imports of last

week, compared with those of the preceding week, show an
increase in both dry goods and general merchandise.
The
total

imports were $8,437,224, against $7,208,026 the pre¬
ceding week and $10,390,289 two weeks previous. The exports
for the week ended Aug. 5 amounted to $6,830,561, against
$6*186,156 last week and $7,105,070 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) July 31, and for the week ending (for general
merchandise) Aug. 1; also totals since the beginning of the
first week in January:
FOREIGN IMPORTS AT NEW YORK.

*"

For Week.

1881.

1882.

D cy goods
GanTmor’dise..

$3,340,197
8,460,502

$2,700,818
0,797,894

$3,103,110
7,570,303

$3,125,073

*11,752,759

$9,193,712

$10,679,979

$8,437,224

Dry goods

$ >5,000,1 53

$80,470,797

GenTmer’dise...

$70,072,551

192,93 1,3 L5

223,102,741

$75,397,925
201,873,037

Total
Since Jan. 1.

1883.

1884.

5,312,151

37.4731$30 L 039,5 28

192,098,728

$277,201,502 $202,701,279

report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Aug. 5, 1891, and from January 1 to date:
our

EXPORTS

|

FROM NEW YORK

FOR TUB

1882.

1881.

For the week...
Prev. reported..

1884.

$7,082,849

$0,830,501

187,344,278

202,591,153

179,157,714

The

following table shows the exports and imports of specie
port of New York for the week ending Aug. 2, and
since January 1, 1884, and for the corresponding periods in
at the

1883 and 1882:

EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

Exports.

'

Great Britain
France

Week.

$20,407,020
4,35*2,82 l
1,058,020
7
3,884.372 !

$....

Since Jan. 1.
.

1.Hr,278 58;
861.201 15'
1,042,8 53 !b;

t >,341.744 82

$

2.101.311 22 121,584,910
1.071,780 43 123,3 40,007
1,530,254 27 123,151,705
1,005,850 73 12 5,179,272
H,521,102 84 1 22,713.003
2,128,50 j 79 122,590,992

12,973.351 43| 10.073,807

Currency.
*
31 10.090,149
47 10,200,310
27110.110.937
15; 9.331.780
02, 9,809.721
49 13/224,909

39
57
08

02
30
92

7Sl

Includes $2,000,000 gold certificates put into cash.
t Includes $134,000 gold certificates t.iken out of cash.
I Includes $4,000,000 notes received from Washington.

New York West Shore
buffalo. —Bondholders of this
railroad company held a meeting at the oilice of Messrs.
Stewart & Boardman, No. 49 Wail Street.
There was a very

good attendance and a large amount of the bonds were repre¬
sented.
President Stewart, of the United States Trust Com¬
pany, presided.
Resolutions were adopted without dissent
requesting, the United States Trust Company, as trustee under
the first mortgage of the West Shore Railroad, to proceed with
the foreclosure as speedily as possible and to take the neces¬
sary steps to procure the sale of the property covered by the
mortgage at the earliest possible date, provided that at the sale
the property is bought in in the interest of the bondholders.
Provision was made for the appointment of a committee of
live to ascertain the condition of the property, to advise with
and assist the trustee in foreclosing, and to submit a plan for
future management and reorganization.
No member of the
committee can he either a stockholder or an officer in either
the West Shore Railroad or the North River Construction Co.
The chairman appointed the following committee: J. B.

Colgate, II. F. Spaulding, President Central Trust Co.: J. D.
Probst, George M. Pullman and H. W. Bartol of Philadelphia.
Wabash St. Louis tfc Pacific.—At the meeting of directors
this week Jay Gould resigned the presidency of the company.
He stated that his many engagements would make it impossi¬
ble for him to give the necessary time to the business of reor¬
ganization, and for this reason he asked that some one who
could give it the requisite attention should be appointed in his
place. The resignation was accepted and James F. Joy of
Detroit was chosen as his successor.
The plan of reorganiza¬
tion proposed by the sub-committee was modified by the direc¬
tors only in the amount of the assessment on the stocks.
It
was voted to make this assessment $8 instead of $6 a share.
The following official statement was made :
s

The outlines <>f the plan are the amicable foreclosure of the general
ami collateral trust mortgages anti the issue of new seen: ities. as follows :
1. Debenture mortgage bonds, 0s, dependent upoi income.$29,000,000
2. First preferred stock
4,000,00J
3. Second preferred stock
2 -\000.000
1. Common stock
27,000,000
The debenture bond- to be exchanged for general mortgage bonds to the
amount of $17,00 ,00
and the balance to be exchanged for collateral
trust bonds. The holders of the preferred and common stork will be
invited to subscribe at the rate of not exceeding $8 a. share for tin; first
preferred stock. And this subscription, amounting to $1,0 <>,OoO, will
produce that sum in money. The money will be up died to the nay men t
of the secured debt.
The. result of the plan, successfully carried out, will
be to exchange a 'mortgage and secured debt of about $25,000,000 for a
debenture mortgage bond dependent upon in-mmeof $20,(*00.000 and a
reduction of the compulsory fixed charges to the amount of about
$1.500.099 a year; that-is to say, this amount of interest mud depend

Wf st Indies

22

xico
ft uth America
All other countries...
Total IS84
Total 1883
Total 1882.;

113,704

Since Jan. 1.

$1,210,025
2,380,9 16

1.000

2,019,902
4.000

15,000

7.n00
718,2 ^ 1

12,005

101.291

817

701,553

KO7

0,300

$10,074 $37,350,773

$127,290
0,938

$7,415,225

9,200

052,949

500,000

259,708
33,351,815

$385,800

$7,135,034

18,015
12,5l 0

591.081

2,000

income.

All nf the seenritiesarc preserved in the order of priority
its relative position, except that tin* subscription
share, is to be*protected by an issue of first prefe: red stock to the

and the stock is kept in
of

$3

a

exact amount of the sum subscribed.
The general-mortgage occupies the

same rank as before but is en¬
larged by the amount of $3,900,000, and this is substamia’ly the only
concession asked of that mortgage, except that its interest must de¬
pend upon the surplus income of the company* over and above the in¬
terest on prior liens. The prior mortgages on which the court has or¬
dered inteiest -payment from the earnings of the road are left un¬
touched, and all questions in regard to leased and acquired lines are re¬
ferred to the new company, which alone can have any power to nego¬
tiate.
It is understood that a syndicate of capitalists lias ottered to
take all of tl e stock declined or forfeited by the. stockholders and pay the
cash subscripton the: efor, but* ample time will be given to the stockho ders to subscribe, and the snbsciptiou will probably be in quarterly

$2 a share.
—The well-known firm of Coleman

1,020.101

1

Geimany

5,105,139

brokers, made

Benedict & Co., stock

important change on the first of tins month,
notice of which appealed in the columns of the Chronicle last
Saturday. Mr. Coleman Benedict, who lias been in active and
an

successful business

as

member of the New York Stock Ex¬

a

change for over twenty years, retires and becomes a special
partner in the new house. The new firm will continue under
the old firm name, Mr. James McGovern, Jr., for several years
the junior partner in the old house, becoming the head of the
The present firm will pursue the well-established policy
new.
of its predecessor in dealing in stocks and bonds strictly on
commission.

Silver.
Great Britain
France

German/

!

West Indies
Mexico
South America
All other countries...

....

Total 1884
Total 1883
Total 1982

$

$1,318
8 *3
40 590

.

118/245
32,140

30,50!

522,752

208,^17

54,133

1,027,329

48,304
83,990

040

109,125
32,515

$410,945, $8/221,277
312,03 ••»!
8,143,903
1,039.0251
7,795,252

1,803

$87,443
132/2 47
126/2 v 3

$2,340,472
2,591,503
1,587,307

above

imports for the week in 1884, $11,841 were
American gold coin and $11,420 American silver coin. Of the
exports during the same time, $16,074 were American gold
coin and $85,000 American silver coin.
U. S. Sub-Treasury.—The

following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week :




914,392 21
*3.009,333 77

Coin.

*

instalments of

Imports.

j

Week.

Of the

1

*

upon

1883.

$8,472,071

$8,302,928
2 21,011,081

WEEK.

Total 31 weeks. $229,374,009 $190,310,349 $210,274,002 $185,988,275

Gold.

Payments.

....

Total 31 weeks. $258,5

In

Total...!

1/272,040
1,195/230

f|

Quarter eagles

Total mint,

8.:

Value.

509,325
127,204
239,040

Eagles

Total gold

0.
7.

“

“

l*ieccs.

Receipts.
$

“

Month of July.

119

firm of Maitland, Phelps & Co., has been
the loss of its senior partner Mr. Royal
Phelps. The business will lie continued under the same firm
name by the surviving partners, Messrs. Thos. Maitland and Geo.
Coppell, who have been.a long time connected with the house.
Auction Sales.—The following, seldom or never sold at the .
Stock Exchange, were sold at auction this week by Messrs.
—The distinguished
called upon to lament

Adrian H. Muller & Son:
Shares,
U. S. Fire Ins. Co
125
57
Southern & Atl. Tel. Co
Oriental Bank
1 453>1450}
Nassau Bank
135*3
10 National Park Built
154

22
39
440
20
SO

,

.

Shares.
105 Citizens’ National Bank.. 120
z5 Bank of State of N. 5'
108

4gi Second Avenue lilt. Co .200
75 Metropolitan Nat. Bank.
150 Cent. Am. Transit Co

Bonds.

Rutgers Frie Ins. Co.llo^-l'll

50 Peter Cooper Fire Ins. Co. 149*2
100 Corn Exchange Bank
100
25 Bank of North America.. 10014
12 Bank of America
100*2

64
l:hs

$3,000 2d Av. HR. Co. consol.
conv.

7s. due 1*83

100

$0,000 B’way and 7thAv.HR.
1st 5s, due 1904...104 and int.

THE CHRONICLE.

150

9

The

She jankers7 (gazette.

[Vol. XXXIX.

posted rates of leading bankers

are as

August 8.

follows
Sixty Days

Demand.

DIVIDENDS.
Prime bankers’sterling
Prime commercial

The following dividends have recently been announced :
Name of Company.

O

T%

,

3*3
3

Kansas City Ft. Scott A: Gulf pref.
Kansas City Ft Scott A Gelt com.

4
2 *2
2 J‘2

Marquette Hough. AOuton. pref.

O

Nesquelioniri" Valley

'>

North Carolina
Terre Haute A Indianapolis
I insurance.
New York Fire
:

Books Closed.

PayanieJ

(Days inclusive.)

1

1j

Railroads.
Chicago & West Michigan.
Cleveland A Pitts, guar. (quar.)..|
Detroit Lans’g A North. pref..,..>
Detroit Lans’g A North, coin.....

NEW

|

Wh<m

Per
Cent.

An".

1

Sept.

1 Ail#?. 10 to
15 An". 5 to

An#?.

1 Ail".
AU".

5-Au#?.

An?. If

i
|

All".

15 All".
15 Ail".

:

A H i?.

15 Ail".

9 to Ail". 14
9 to Ail". 14
8 to

iAug.

10 Au".

11 to Ail?. 31

I

Zi5

3
4

15

4

On

YORK, FRIDAY, AUG. S, 1SH1-5

I*.

M.

The
lias

Money Market and Financial Situation.—The week
passed without notable events, and so far the situation is

London.

4 83
4 31M
4

80%

5

21%

Amsterdam (guilders)
Frankfort or Bremen (reichmarks)

Coins.—The
coins

following

are

4

85 3

5 18%

40

404

9414

94 78

quotations in gold for various

:

8

ivcrelgns
Napoleons

$4

84

®$4 88

3 86

X X Reichmarks. 4
X Guilders
3
8 tan’li Doubloons. 15
M )X. Doubloons..!5
F fie silver bars
.1
F ue gold bars....
I) mes A h? dimes. —..

ilem

on

Documentary commercial
Paris (francs)

G to All". 14

15.Aug. 5 to A111?. 14

bills

90
74
78
96
00
55
65
50 ®15 65
lp38ft 1 llig
parrt;1a preiu
09 *2 a
par
■© 3
® 4
® 4
-ft 15

Silver %s and ^s.

—

Five francs
—
Mexican dollars.. —
Do uncommerc’l. —
Peruvian soles
—

English silver
U. 8. trade dollars
U. 8. silver dollars

99
92^2 ft
87:is z>
*-0]4^

par.

80

—

94^

--

88

—

4 78

<i>

—

86

it

—

99%'?

82

4 85
par.

United States' Bonds.—Governments have only been
remarkable for a very dull business, and a fractional decline
in

prices for long bonds, both 414s and -Is ; the three per cents
steady at par to 100,l4. To-day bonds wore firmer.
The closing prices at tne N. Y. Board nave oeen as follows:

are

quite favorable. At this time of year, with the crops rapidly
maturing and the time of fall business approaching, to have
| Interest} Aug.
Aug.
Aug.
a few weeks elapse without bad reports from any quarter is
Periods.} ' 2!
_78^
the best thing that could happen.
Just now, no news is good
4'flS, 1891.
reg. j Q.-Mar.i'x 11 k'dllh *111
T 11 % r.ik> *111
news; for after three weeks more of good weather and absence
..coup.*Q.-Mav * 1 12k; OVK*tl2»<; Ml228 *1 t*2% *11216
reg.SQ.-Jan. 1*12o-*g * 12o% * i20>4 * 20
*110:14 110-6
of mercantile failures or Wall Street troubles, the final turning
CO tip. Q. J a n. *1204,
1203,3 120% *120 ■.*119% *11958
TJ.8..
100
100
*100
9100
reg. Q -Feb. *100%
*100%
point of the year will have been reached; crops will then have
’95..
*125
1 24
>124 9125 1*125
reg. i.L A J. ,*121
l>een mostly secured, or their yield ascertained, and autumn os, our’ev, ’90...
9 127A J. 9126
*126
reg. j J.
9126
9127 1*127
6s, ear’ey,
A J. *128
MHO
i* 1 28
L* 129
9130
!M 29
0% our’ey., ’97.. reg. ! J
trade will he opening.
*132
■I3o
*132
6 s, cur’ey, ’98.. ..reg. j J. A J *130
9131
9131
Tn manufactured goods and many other articles of merchan¬
*132
*131
9133
*133
(>s. cir’^v. ’99.. ee". I.T. A J. 1*132 ; *134
dise there is much hope of improvement in prices, derived from
This is the price bid at.the morning board; no sale was mads.
the simple fact that goods are absolutely below the cost of pro¬
State and Railroad Bonds.—Tn State bonds there were
duction or importation.
This being the case, an advance is more sales at the Board on Thursday, when Arkansas 7s (L.
certain at some time, and the only question is, how long will
R.P. B. A N. O. issue) sold at 22}4<<c23 and L. R. & Fort Smith
that time yet be postponed. The strength of merchants, as at 26 and 27; Missouri 6s, 1889-90, at 10814; Tennessee 6s, new
well as bankers and brokers, has this year been wonderfully
series, at 40: Tennessee 6s at hDU, and Arkansas 7s (issued to
tested, and thus far with surprisingly good results. As to the Central RR.) at 23. To-day Arkansas 0s funding sold at 10.
Railroad bonds have been fairly active, and among the spec¬
future, we predict nothing, but are satisfied to rest on the past

J

■

...

*

-

J

..

*

,

..

..

.

.

.

*

and the present.
At the Stock

ulative bonds Erie second consols and West Shore firsts

Exchange there lias been quite a re-action in
prices, as many anticipated, after the large and rapid advance
of the past few weeks.
So far, the change lias only the
appearance of a moderate re-action, which, no doubt, has
encouraged the putting out of some lines on the short side of
the market.
The first gold from
this week, and more is

London—$500,000 in amount—arrived
coming. This has a good moral effect,
although exchange is now firmer, so that shipments in thi3
direction cannot at present be4continued.
Rates for call loans during the week on stock and bond col¬
laterals have ranged at 1 to 2 per cent, and to-day at 1@2

Prime commercial

per cent.
cent.

paper

is quoted at 5@6

per

The Bank of England weekly statement on Thursday showed
loss in specie of £691,835, and the percentage of reserve to
liabilities was 4Uy ; the discount rate remains at 2 per cent.
The Bank of France gained 5,799,000 francs in gold and 3,945,000 francs in silver.
The New York Clearing-House banks, in their statement of
a

August 2, showed
the total surplus
vious week.

a

decrease in surplus

reserve

of $466,225

being $30,161,900, against $30,628,125 the

pre¬

Xne

following table shows the changes from the previous
a comparison with the two
preceding years ia the
averages of the New York Clearing House banks.
week and

1884.

Aug.
Loans and dis

$233,352.89
74,74 3, son

Specie
Circulation
Net deposits

2.

..

fr’m]
Week.}

Differences
Precious

1883.
A ug.

4.

Dee. $1,40 4400 $326.,822,0U0
>ec

14.398,0 k> fuc

Legal tenders.

304,616.0 >1
3t.572.io0 Dec

Legal

reserve
Reserve held.

$”6,154,000

Surplus

$30,101,000 Dee

1)

‘C

Dec

106,315,900. Dee

43.900!
63,183.401'
35.300'
15,010,(1 >,
961,5 )0 323,692.900

-

1832.

Aug.

5.

$3 15,3 2 4.600
5b,6 0.50 >

18.259,9

<o

3 20.0 ,'3,9()0

657,700!

26,981,200

21,011,900

$240,375

$30,923,225

$30,020,975

706.600J
*466,225!

90,169.600

S 2.705.4' )0

$9,210,375

82.084,125

Exchange.—Foreign exchange is .stronger again, and specie
shipments from London cannot now be made at any profit.
The time is approaching when commercial bills should be more
abundant, and while exchange is not likely to advance, the
rates for a while are likely to
depend very much on the
transactions in securities between the home and foreign
markets.

To-day the rates on actual business were as follows, viz.:
Bankers’ 60 days sterling, 4 82,£@4 82demand, 4
.8114 @
4 84f.<.
Cables, 4 81:!4@ 1 85. Commercial bills were *4 8014.
@4 81.
Continental bills were: Francs. 5 20r,g@5 2114' and
5

18L£@5 18^4: reichmarks, 94}£<2594and 94n4@047^ ; guild¬
39^4@397g and 40@401g.
The following were the rates of domestic
exchange on New
York at the under-mentioned cities
to-day: Savannah, buying
% premium, selling J4 premium; Charleston, buying l-16@l/g,
selling 3-16@k£ premium; Boston, 5 to 10 discount; New Or¬
leans, commercial 150 premium, bank 200 premium; St. Louis,
75 premium; Chicago, 50 premium.
''
ers,




were

conspicuous for activity, the first named declining to 58!£ this
morning and closing at 60, while West Shores have advanced
t his week and close at 43.

There is
and

prices

a

pretty well distributed business in other bonds,

are

generally steady

or

firmer.

Railroad and Miscellaneous Slocks.—The stock market
has been quite irregular during the past week, and there is an
evident change in tone from the almost continuous buoyancy
which prevailed in July.
The common talk has been that the
market had advanced about far enough for the present, and
that a halt should be called until there was time to distribute
and digest some of the stocks which must necessarily be sold
at such a period by parties who are satisfied to realize their

profits already accrued.
The absence of Mr. Gould on his yacht was made an excuse
for the assertion that lie had sold a good deal of stock, and
would do nothing more for the present in supporting prices.
T1 le Vanderbilts were also reported as bearish in feeling, on
account of the bad exhibit of earnings on their roads.
There
is no “exhibit’’ of earnings, though the public would be glad
to see one: but for June and July it is highly probable that the
net earnings were low, while in later months they may be
much hotter.
There was also a report from Chicago that the
Grand Trunk would get control of the West Shore road, and
this received more attention from the strength of West Shore
bonds.
Also, the Grand Trunk officials are dissatisfied with
their percentage in the trunk line pool.
After an uncertain market on Monday, there was an advance
in prices on Tuesday, and again on. Wednesday morning, when
the opening was unnaturally strong, and prices afterward fell off

sharply

on

free selling.

The weakness continued with

more

less variation through Thursday and until noon to-day, after
which time the tone was much better, and prices generally
recovered 1@2 per cent.
A principal cause for weakness was
the uncertainty iti regard to the Western trunk line pools, in¬
or

cluding the famous tripartite agreement, dependent on the
action of the managers in session at Chicago.
According to
the latest reports, the settlement of all matters is referivd to
a committee of five
leading officers, who are to submit a plan
of adjustment on Sept. 23.
Early in the week Western Union Telegraph and Pacific Mail
led the market in strength, the first being reported as oversold
by shorts and the latter as making large earnings.
The Manhattan Elevated stock, consolidated, is finally
listed, and the elevated road troubles are supposed to be ended.
The coal situation does not look promising, as it is now
believed that there will necessarily be a suspension of coal pro¬
duction for several weeks some time this fall to prevent the
supply from breaking prices. It is also understood that the
Reading will have to borrow the money to pay the Jersey Cen¬
tral dividend, and also the August interest on the first mort¬
gage bonds and the consolidated mortgage 5s; and an applica¬
tion for $3,000,000 more of receivers’ certificates is spoken of.
The short interest has been somewhat increased.
To-day
Missouri Pacific loaned at 1-32 premium, Reading, New York
Central and Union Pacific at 1-64, and others flat:

August

NEW YORK STOCK EXCHANGE PRICES FOR
HIGHEST
STOCKS.

Saturday,
Aug. 2.

RAILROADS.
amsquehanna
Albany
j
Boston A N. V. Air l.iue.pref.l
Burlin ton Ced. Rapids A No.1
Canadian Pacitio
j*-

Canada Southern..Cedar Kails A Minnesota
Centra 1 ot New Jer.iey
Cm ral Pacific...

.

,

..

--

'*'■'*

• - -

36

3bV

j

62*’
39 V
9

pref.j

pref.j
Cleveland Col. Oinn. A Ind
j

33 V'
96 V

42

42

V

r

Cleveland A Pittsburg, guar..

-Manhattan

83V

j

V

08

6

->

‘h

8°

31V

03

60

63

„

-

...

liov1
14 V

'

4 ‘s

8

N>.,

V

*30

V

0

V

*

123*2
44
11OV1 199
7*8

*7

12*4.

11

’*86*2

83
17
3 4*

34
1
120 V

'82

Si
15 V

14

.

°

V

13
87 V

34 V

36 V

35 *8

^>6

0.5

*63*2

03 V

12 V
81

l 5
30
18

93 V

•)

J

.

.

34 v
120
8 5

12 7
*C>

w

.

12
82
6 1
34
IS
tio

) 3 D

87

*2

V

V

.

.

„

3,5*2

M3'4

„

12 V

13 V
81
04
2 t

V

80
63
33 V

18

u

18 V

U.j
63

12
28 V
95
72 j
,

1.)

! f*
16V

1 6 *8
•Jo
19 *4:

*19*2

76 V i
11 v !

if

!
1

5

11

*90*’
17

15 V
32

!

16
31

*87

16V

j
17*8'

'*89*

*33
*

«>«>

l*2

>>■5
1 4 *2
1 2 V

82V

3,205

18*2

11V

12 V
5

*4
*10

*26*'

1

23
55

pref

I

f

176 V176 V
12 V
12 VI
5 V
0 V!

12

2*8*’

22

23 *2
55 V

V

22

22

Ohio A Mississippi
Ohio Southern

*28**
53-4
2 *2

t

2 V

Ohio Central...

7n

12

12

28 V
9.)

28
96

15

16*2!
15 *41
28**41

14*2 lb >2
14*4 1434
27
2b»« 27
130 V 130 V! 129
129

14=8

Peoria Decatur A Evansville..

Philadelphia A Reading
Pittsburg Ft. Wayne A Chic..
Rich.AAllegh., st’k trust ctf’s.

70

70

14V
31

63

700

18,923

2

V

22

*27**
22

V
52 V
2V

*21V

29
23 V
54 V
2

V

22*4*

51.5

08

68

15
30

15
30 V

18-e

19=8!

91 °h

2.200
4,299
39,395

02-4

53,219

3*2j

105
7V
11

89 V
10 v

87 V
15 V

36

33 q

87 V
15 V
34 V

......

1 IV
'4

10

11 v

12 V
5
10

*4

12
5

*’'*2*8*
21 V
50 Vi
2-2
21 v

30 “
2 1 V
52 V
2 -V

V'

Ot>

nO
2
*

Pacific Mail
Pullman Palace Car Co

Quicksilver Mining

pref
Telegraph

16 V

15=8

14*2
27*2

15
28*4

15

10*2'
JOV

V

20 V

a.

27*4

27

V

139

8V
14*2
15 *4
26*8

52 Vi
2 V

21V

9b *2
19

78

4 3 *2
b V

39

9=4
109

54 V
39

11

V

lb

ib

53*2

63*2

51*4

jI

11

10*1

199*2

203p

20V

84

85

190

100*2 100*2
20

10
10

9,4 95
61,010
1,943

6,130
14,300
833
650

‘*200
1,210

bT78 'b4=a

b2*2
*127
*92

Adams
American
United states

......

05 V
131

310

66

66

"1*7*6

96*8,

44 34

9b*s
12-i
41V

*6-\
16*2

15*2
56 7a;

11*2

12V
100

100

20=8

21

50**8 * 5*2 *

40

100*4 109*2
4 *2
4 *2

100
*4

6i*78

*25
64

+‘>x

21*4

Columbia A Greenville,pref...
Colnmluis Chic. A Ind. Cent..

7g

67*4

13078 130 7e

94

54 7e 54
*103
108

Wells, Fargo A Co
INACTIVE STOCKS.
Atchison Topeka A Santa Fe..
Chicago A Alton, pref

85

56

7e
1

*03
*52
105

IV

96
55
110

55 V

66*4
130
95

52
106

110
6

"6*8
130
95
62
106

13 V'
44*2!
b

I

15*2'

2.100
59,382
397,873
2,801
1,814

1,830

55 *4

10*4

3,230
3,i47
13

99*2

’*845
85*4

78

1! 6
30

275

85

*

*25

EXPRESS.

12

100=8

20 V

20 34

473s 50*8 '48**2 60*2
198 **4 103 V 110
110
*
4
5 *2
*4
b
j
'

59

85*4

49*4 59*4
199
199

81*2

81*2
49 78
107*4 108*2
48

*4
*23

64=8

66=8

63=8
*130
*92
*52
*101

7
30

65 34

Juiie21

June27.
Jan. 22i
Jan. 21;
Jan. 23

une21

35
65

600

69,045
2,465
190

71

: no

sale was made at the Board.

107a

81

18'1190
4 150

7!

July

7

July 12
May 17

,

4j

9

7,

30 V
55
95 *2

100*8
18

48*2
30 V

68*2
34 78

1067a
19*a
129 V
64 7a

Mar. 13'

129*8
15*9

Feb. 15
Feb. 14

35
105

June 13

3

16*2 Jau.

7

17e J uly 24
19
Aug. 6
18
June 27
70
July 3
11 *2 Juiie 26

24*2 June 30
70
May 15

8

Feb. 25
Feb. 15
Jan.
7

Jan. 7
Jan. 7
Mar. 17

90V
14V

36 V

14 V
32

Mar. 19
Mar. 22 j

7:
4!

89
28

Feb. 231
Apr. 14 j

138

Feb.

61V
15V

Jau. 11 i
Feb. 14!
Feb. 15

16*8 Feb.
24
50
96
27
50

Mar.
Mar.
Feb.
Mar.
Mar.

7239
23
34
85
103

4
21
17;
5
18

36V
59V
100*2
40 V

18

28
4
9

June 30
June27

Feb. 11
84=8 Feb. 16
19V Jau.
7

May 20

32

Apr. 10
Jan .9!
Jan.
Jan.

Jau.

97 V
169 V
43

261
7

104»4
36V
57V

51

69 V

May 16 61 =8 Jan. 8
July 23 127V Apr. lb!
J une 27
17 *2 Mar. 17
Feb.11
88*2 May 23 114
10
May 16 1738 Jan. 10
122 *2 Jan.

7 170

Feb.

140V

39V
112 V
25
125
91 V
150

9

8 V .1 une 28
65*«Jan. 7
Jan. 28
60 V June 26 112
31
May 16 56V Mar. 17
90
Jan.
7
May 24 117

3V Juiie 30

130
135

126
87

02

108

June 20

May 14

44s4

6*2 Fel). 11

134
9V

32*2 Feb. 5
78*8 Feb. 16

88*«

July IT) 137

40
90

Jan.
Feb.
Feb.
Jan.
Jan.
Mar.
Mar.

55*2
113

7

94 V
65 V
128

84 V
150

68V

7V
70 V
92
138

July 7
Julj' 26
9

96
139 V
187 V
Jan. 24! 20
10
Feb. 21
9
Jan. 311
Feb. 19; 260
Jau.

8 193*2 Mar 21

Feb. 19 264

88

16
11
17
21
19
4

18; 146*2 Apr. 18,

July 29 >21
June 9; 15
7*2 Apr. 14 10*4

46V

Apr. 24 126*2 135

June 24 102
Mar. 26
May 17 61 *2 Feb. 7
115
Feb.
13
May 26

Juno23 80 V
June 13 152 '
Fel). 11
33
Feb. 14
2
Jan. 21
50
82
July 17
Api1. 12 145

264

V

21V
18
49 V
53 V

78*2 June 27
0*2 J une 27

Juiie 30
J uly 11

83
52 V
183
29 V

18*4 Feb. 16!

96*2
32 V
90
99
22 V

15
65

89*2
40 7a

Feb. 28

June20 17
June 2
60=8
Juno30 135
2 *8 May 24
5
32
J uly 3
61
12
32
.Tune 26

35*2
33*4

Jan. 29
Mar. 14

4
1

7
22
120

148
84 V

68
53 7„
90
53

5’

Apr. 15 j
Mar. 4
Jan. 7!

34=8 Jan.

Jan. 29

82*2

7e
86V
58*2

41

Mar.

6

200

114

4|

Ipr.
17*2 Apr.
May

15
9

asked

23
75

Jan. ID

6*4 June 26

20
49

500

These are the prices bid and

131*2
51*2
11*4

Mar. 18

6
June 12
8 V Aug. 8

28*1*9*7*5

J

r220

1
1
- 3!
15}
15;
1\

Aug.

184

June27

Juno

*220

84
142

j 36*2 Feb. 11 j

June271
June24 j

192*2 Jan.

*220

113*4

_

141

Jan.
Aug.

June 24! 130

7
July 26
May 15

-

22
57 V
55

93*2 Apr. 7|
59*2 Mar, 17

July

New Central Coal...

127*4

5

Alar,

June

14=8 May 14

Keokuk A lies Moines.

Virginia Midland
Maryland coal

Jau.
Feb.

80-

11
42
27
57 =8
3 *8
25 78
9
24

Louisiana A M<». Kiv., pref—
Ohio A Mississippi, pref




8

June27
37 *4 June 27
1 =8 I une 18

Joliet A Chicago

Pennsylvania Coal

July

14

Danbury A Norwalk
Dubuque A sioux City

Rensselaer A Saratoga
United companies of N.

157

12
11

13||l24
d! 77
j 20*4 Jan. 5j 17*

June23!

22*2July

100

IV

""

12

6*4 Juiie 20j 1334 Mar.24

3

78,912

17*2*

b

27

137*4
129 V
91V 108*2
122*4
140V

9*2 June27: 23*4 Jan. 5j
63*2 May 20(100 June21

5

38
300

1134

4 5 *a
b *2

17

I

*30*5

97

35*2

32V May 26| 44 Apr. 10j
7 *2 June23j 18*2 Jan.
7!

1.010 ; 20
8
"231 175
7
4.100

"1*7*5

8V
1534
16 *4
2 7 ?8

28V

9b *2

3

-2*2 Juiie24; 51 •'*8 Mar.
12
40
82
42
7.3
12
23
85

115

700

‘f "*378

17*2

90
88
23 V

*3 3 ii 83 .iune2b 94*2 Apr. 12
31,978 j ll*«June.27 28V-)an. 5

*43*6

V

51
140

c

2,240
2834

prof

Oregon Improvement Co
Oregon Railway ANav. Co

21

June20

27! 127
1,409
June26l 58
43,12) 1 94*4 Juno 27 122
715:;
5
July l| 10*8
1,020 j
9
May 14* 20V

*3*6"

*28
21

10

10

19V Jan.
67 V 1 une27 104 V Mar.

*"

*a7
15 V
*34

278

29

90

.) une 30

07a.Tune27t

216

7
11

8b” ‘*8*6’

53*2

0

;

16

St. Paul Minneap. A Manitoba.}
Texas A Pacific
Union Pacific
Wabash St. Louis A Pacific...

American Tel. A Cable Co
Bankers’ A Merchants’ Tel
Colorado Coal A Iron
Delaware A H udson Canal
Mutual Union Telegraph
New York A Texas Laud Co..

15 =8

139

May 24

Jan. 18
Jau. 11

j
Aug. 7j 76
300 |
Aug. 6 24
1,309 j
June27j 40
June3o!l05
2,055 |
418 j 51V June 27! 94 *2
JO
Feb. Ill 16

j

18*2

Do
pref.
MISCELLANEOUS.

70

2,380
V

*

29

llo

200

13
20
9j

20*2

15 V
31 >4

3

3

Richmond A Danville
Richmond A West P’t. Terra’l.
Rochester A Pittsburg
Rome Watertown A Ogdensb.
St. Louis Alton A Torre Haute
Do
prof.
St. Louis A San Francisco
Do
prof.
1st pref.
Do
St. Paul A Duluth

!

3,310
2,005
127,501

l

*10

V

-

Oregon Short Line
Oregon A Trans-Continental..

20

2,000

oi>

15 V
..

12

.

3,115
71»

65*a
71V
17*9

58*4 Ian. 18!
7e Feb. 11!

57

May 22!

^

126 V 12 >*2
"sO

84 V
86

I

......

j

14 Jo

12

91*
72

15 *2
32 *2

lOj

85

1

v1

1 b *4
33

i *7*8
12

12
28 V

......

1

88
16 V
i
33

Northern Pacific

Do
Western U nion

-1 1 l

*

prof

Do

33
128

18 *4
i8-4
19-V
78!
9 L "8 93*8
917a
92**8
*9
19*2
19*2!
I 123*2 123*-,
122
123*2! 122
*4
44
44
44
4*2 45 I
|
197 *4 190*2
1 19
i 119*8111
I
7 v
7 v
7
7 V|
7*2
V
TV
7v
11 v it’s
1 1
11
11 Vi
11
11V

Norfolk A Western

Do

700

......

|

June27-1

jam

67V Ian. 10;
June 271 15
Jan.
2;
Feb. 111
9*2Juno20' 28
7
17
Jan.
7
May 20
June23! 140*4 Feb. 5

145

*.j‘
1

Juue28j 80

135

30J
0

......

35
20 ‘y

12
bl '2

i

j

j

5,v

8
40
30
5

Jan.

Aug.

3,730 1107 June27; 1273* Feb.
321,583
58*4 June27j 94*4 *an.
109 *, 10!) *4!
1,170; 95t8June27; 119
reb.
10U'*8 102*2 129,171 j 81 *2 Iune23ll24
l«eb.
131
133*2
1,450 j 117 J une23! 149*2 1’ob.
V 12*2 113
2,570 1100*4 June23,120»4 lob.
300
10*2 10*2
0*4 June 20 13*4 Jau.
',
00 j 18
July 22! 35
32
33
|
0,055
21-7gJune20| 34*2 Jan.
93*
93 V
3,045
80:*4.June27! 97 *4 Aug.
40*8 40*8!
l,850j 2s June27| 09*2 Mar.
1**0 j 125*8 June24j 141 Api.
n o's 112
80, *50 j 00 ‘2 May 20 133 *8 Mar.
12 V
20.038
12
j 0;*h J une 23 j 25=8 Jan.
4 V
5 *M
3,550 j
3*2 May 14! 8*4 Feb.
8V
0
5,300 !
b
Juiie I2j 14*2 Feb.
400.1 32
Aug. 1; 51
Jan.
5
200 1
V
*1V
4
May 8)
8*2 Feb.
50 T5
j uly ] 1 j200
Mar.
......

...

...

*4 *2

193

65

;

'8

-

i

15,870
12,050

11

/

5v

100

40

V
8 Vi

82*a

111
102
1o27h!
133
j
113 ■
10

u ni

<

3.5 ‘2
4V

-

93

iLow. High

Highest,

24V Juue27|

5,105

63 V-

1 5

50
30.

600

j

1 34 Si
I?*
110
18

V

>

”

8*4

4 V

*

3o

Do
pref.j
New York Elevated
*80*2
New York Lack. A Western..
lb *2
New Y01 k Lake Erie A West’n
33 *2
Do
pref.
!
New York A Now England
17 8"
New York Now Haven A Hart.
1134
New York Ontario A Western.!
*4
New Yrork susq. A Western..J
Do
pref. *10*2

*9*2.

1 2 V
4 V

m

-

.

15 *2

12*4

1 ID
101

.

93

Do
pref.j
Missouri Kansas A Texas
i

l)o

*2 !
9.i *2 ;
4 1 V 138
1,
il l *8 1 15**4
12V 14 '
4 V
4 7h
3,j. V

...

74

pref.j
Minneapolis A St. Louis
i

44

Lowest.

!

Do

Nashville Chattanooga A St, I
109 V
New- York Central A Hudson.!
7*s
New York Chic. A St. Louis ..j

11

!

>

127 V

01

-9

Mobilo A Ohio
Morris A Essex

15

57 7a
39
8
*14 V

i io;v
S4

>4
82 *4

87 V
112 i
10,} !

»

ro

3578

183
134 ! 133
114 *•>* 113
10
11 i

13 4
11-4
-9

3.) ‘2
•

14 V
13
8

*

Memphis A Charleston
Metropolitan Elevated
...j
Michigan Central
— i
Milwaukee L. Sli. A Western.!

Missouri Paeilic

V

......

;
i

37

! i i.8

ii9V i2i

1 '*4 8 7 • V j
84
1 U)*4 11JV*1U
102 V ] 04 *4,

consol..J
Beach Co

30

8*2

8

1

33 V

------

common.i

Do
Do

11*2
*12

H'l

•

4.5

8V!

-

_

...

83
*89

4:5 V

60 V
40 V

if i:i6v!

5V

*4V

(Shares).

8.

45 V

45 V

L3

30 V 30 V
1-8
128

West’nj 11V
j '-*•?, *8
8.) 4 8/

^,'?1

40

j

!

j

J.ong Island..I
Louisville A Nashville
•
Louisville New Albany A Chic.!
Manhattan Elevated
j
j *o
1st pref.j

*45

33

Green Ray Winona A St. Pauli
i
Harlem.....
32
33
|
Houston A Texas Central
128 *4 12 3 -Si!
Illinois central
leased line 4 p.c.
Do

Indiana Rlooniingt’n A

|

24

Evansville A Terre Haute

Lake Erie A Western..
Lake Shore

85

41 -V

113V imv l]:»v
11
10 V
11 V
4 V
4V
•IV
8V
8 V
8‘4
SV!

Delaware LackawuimaAWest.
Denver A Rio Grande—
East Tennessee Va. A Ga
Do
pref.

83

15

hhii

!

Aug.

120
July
80*2 Mar. 27j

i

101 v 103 v
133
133
; 13 > ;,4 134 V
113 <4 114 V’ 111
114
i
=\8 *2
'8 V
10
lov:
j

i

05

32

Chicago
ht. Paul Minn. A Om.
•'

n
2(5

38

40
*7 V

......

...

Friday,

Thursday,

j Aug.

"62 V "63"

83 V K:'-

pref.j

Do

Clijcaao i ock I sland A Pacific
*9
Chicago St. Louis A Pittsburg' *23
Do

37 V

10 V
9
1

Quincy, j 120 V 120 V 110
V *20
83 V 85 V1

Paul! 8iV 80*8
Do
pref.j 199 V llo V
Chicago’A Northwestern
.j 102*2 1(MV

Do

3UHl!
j
62 V

*14 V
*y
136

Chicago Milwaukee A St.

(j.

.

13V
133V
81
8 4

i

*4*5 V "45 V1-

l

A

83

83

8V
b2
.-! 4(JV
Chesapeake A Ohio
*8
iio
1st pref—i X14V
Do
2d pref
j *19
Chicago A Alton
Chi. ago Burlington

Aug,

For Full
Year 1883

Range Since Jan. 1, 1884.

Sales of
the Week

PRICES.

j Wednesday,

Tuesday,
Aug. 5.

Monday,
Aug. 4.

WEEK ENDING AUGUST 8, AND SINCE JAN. 1, 18S4.

LOWEST

AND

151

CHRONICLE.

THE

9,1S84.]

112V
145V
197

31V
17
14
280

V

.

152

THE

CHRONICLE

fVoL. XXXIX,

QUOTATIONS OF STATE AND RAILROAD BONDS, AUGUST 8, 1884.
STATE

BONOS.
l

«?>

ECURITIES.

Ask.1

Bid.

AL<i»ama—Class A, 1906.

78V 80
98 V 101

(Tus B, 5s, 1900
CL«h*C, 4s, 1900
jv,: 0.20s, 1900
Ark i nsas—0s, funded
7s, L. Rock & Ft. S. iss.
7s, Merap.A L.liock RR
7s, L. R.P.B.& N.O. RR
7s, Miss. O. & R. R. RR.

78
100

i
!

8

20
20
8
100
102
109

7s, Arkansas Cent. RR.

'Georgia—0s, 1880
7s. 1880

7s, gold, 1890

67 V
57
102
107
108
116
109
109
113
115
117
29
9

Hannibal it St. Jo., ’86.
New York—6s, reg., 1887

HO
28

;

Louisiana—cons.,1914

Missouii—6s, 1886
6s, due 1889 or 1890
Asyl’m or Uniw, due ’92
Funding, 1894-5)5

10
HO

22
12 Ha

Bid.

Ex-matured coupon

!

6s, loan, 1891..-.
6s, loan, 185*2
1
6s, loan, 1893
; N. Carolina—6s, old. J.ifcJ.
1

j
103

»

Ask. i
j

SECURITIES.

Funding act. 1866-1868

SECURITIES.

!

Bid.

SECURITIES.

!!

Ask.

j

!

SECURITIES.

Ask.

SECURITIES.

|l
New

18
3V
3V

bonds, J.itJ., ’92-8
Special tax. all classes..
Do

4s,*1910

6s, 1919
Ohio—6s, 1886

6s. new, 1892-8-1900

'Ask.

6s,
6s,
Gs,
6s,

334

consol’u 6s, 189H
! Tenuessee—6s,
old, 1892-8

103

..

41

39 V

40V

!

j

1
!

SECURITIES.

Bid.

Central—1st, 6s, 1918
Alleg’y Cent.—1st,6s,1922]

------

,

2d, Os, 1899

123

Mex.

Cent.—1st, 7s, 1911.

117 Hi Micli.Cent.-t-Cons.7s, 1902
93V
Consol. 5s, 1902
115 Ha
0s, 1909
115

H9 V

Construction, 5s, 1923!

.

104
92
45

Metropolit’n EL—1st,1908

1-0

1 st, consol., guar., 7s.. i
N.Y. Lack.it W.—1st, 0s'

(Stock Exchange Prices.)
m
Ala.

*110

------

40
50
30
40

consol, bonds
ex-matured coupon.

consol., 2d series
deferred

......

8

0

3-65s, 1924

108

Registered
Fundiug 5s, 1899

108
108

1

!I

Ask.

!

iviv.'~'H)iu iiiiU/U“"

*. F r. W. A C.-2d, 7s,

93

j

SECURITIES.

I

1912

3d, 7s, 1912...

j

Bid. j Ask.

.

n il.

Bonds. 7s, 1900
7sof 1871, 1901

46

40

BONDS.

M

Railroad Bonds.

44 V

District of Columbia—

10G

3934

39 V

....

C’mp’mise,3-4-5-6s,1912
Virginia—6s, old
6s, new, 1866
r

!

6s, Act Mar. 23, 1869 )
non-fundable, 1888. s
Brown

Bid.

i

South Carolina—

i

6s, new series, 1914

!

5
5
80
82
100 V 109
105

Wil.C.&Ru.R.

Consol.

1

1

Ask.

Bid.

1 Tennessee—Continued—

ItAILKOAU

.

Bid.

1

134 VI38

I

;1H0
135

Clev.it Pitts.—Cons.s.fd.!

4th,S.fd.,6s,1892.
i l'W *4
FI.—1st,g.,7s 117 j

ioi"

St.L. V.it T.

I

!

I
Ii '
2d, 7s, 1898
S------i.Del.«fe Hud. Canal—1st, 7si H434
|
*
190
Atch.T.ifeS.Fe—4Vb.,1920.
[
.) 1st. ext., 7s, 1891...
2d, guar., 7s, 1898....!
Coupon, 5s, 1931
{Sinking fund, 6s, 1911
|100 V!j Pitts.B.it B.—let, 6s, 1911 i
Registered, 5s, 1931....
Coupon, 7s, 1894
1 HO
1
72
70
Atl. & Pac.—1st, 6s, 1910.
Jack. Lan.it Sag.—0s.’91.j
!
it Rome W.it Og.—1st,7s,’5)1
!j Registered, 7s, 1894
115
130
Milw.
it
No.—1st, (Js, 1910
Pa. Div., cp., 7s, 1917;
,1
1st,
| Con., 1st, ext., 5s, 1922.!
1
1*2 V
130V ! 1st, 6s, 1884-1913
Roch.it Pitt,—1st, 6s,1921;
1st, Pa. Div., leg., 15)17. *
j
*13
110
Alb. it Susq.—1st,
Mil.L.S.itW.—1st, 0s, 1921 i 5)978101 ij Consol., 1st, 6s, 1922
7s ...j1
1
!
100 V
104
104
V Minn.it St.L.—1st,7s,15)27i 116V,
2d, 7s. 1885.
! Rich.itAlleg.—lst,7s,1920i.
124
Minn.it St.L.—1st,7s,gu.
lst.cons., giiar.7s,19O0,
!
:] Iowa Ext.—1st, 7s, 1909: 108 1
. ;Rich.it Danv.—Cons.,g.,Osi
Ia. City.it West.—1 st, 7s
i 2d. 7s, 1891....
!
102 |i Debenture Gs, 1927.:...!
Registered
C.Rap. 1. F.it N.—1st, 0s
1st, cons., gu.. Os, 1900
,115V I S’thw.Ext.—1st, 7s,1910 *104 j
'j Atl.it Cli.—1st,pf.,7s, ’97,
92
Pac. Ext.—1st, 0s, 1921.1
1st, 5s, 1921
: 100Hi ,
Incomes, 1900
1
Registered
60
70
140
Buff. N.Y. it Phil.—1st, 6s
Mo. K.& T.—Gen’l,Os,1930!
Rens. it Sar —1 st, cp.,7s
Scioto Val.—1st, cons., 7s. i
71V!
|
*125
General, Gs, 1924
1st. reg., 7s, 15)21
General, 5s, 1930
58 i 00 11St. L. & Iron Mt.—1st, 7s
91 V 5)0 !'
104
9634 97
Can. So.—1st. int. guar. 5s
Denv.it Rio Gr.—1st, 1900
2d. 7s, 185)7
Cons. 7s, 15)04*5-6
! 101
^
82
85
46
49
V
Cons. 2d, iucome. 15)1 l.J
Arkansas Br’ch—1st, 78;
ii 1st, consol., 7s, 1910
59
i 80
05
H. it Cent, Mo.—1st, ’90 102
Den.So.Pk.it Pac.—1st, 7s
Cairo it Fulton—1st, 7s

108Ha

...

,

104

53 j 55
91V 94 V
60
55
107
*05

110

104

104 104
V
104

'

-

"99*3 10*6
70

....

i
-

i*i i" ii*i

.

....

1st, cons., 5s, 15)30
Divisional 5s, 1930
Eliz.C.itN.—S.f .,deb.,c.,0s

4

",

77 ~s
115
117 V
114 V 118

Ches.O.&S.W.—M. 5-6s...

!

113

....

Div.—S.fd., 5s, 1919 |
Sinking fund, 4s, 1919 1

Conv. debent, (is, 1908..

!

125

2d, 7s, 1905
Mex. it Pac.—1st, 5s
I
2d, 0s. 15)31
Gr'nBay W.itKt.P.—Ist.Os

...

|
i

|
i

93
5)1

!

105

*iii

*79 "
57
79
101

so
00

.

79

v; 103

itw*

105)

_75V

78

j*
!

.

M. S. it N. I., s. f.. 7s
Clevo. it Tol.—Sink’g fd.
New bonds, 7s, 1880..
...

102
102

....

!

....

....

125
...

118
119
120

110
*118

reg.

Long I si. RR.

*ibi

’lbLouis. West.—1st. (is

.

...

112 V 117
5)0 v

Consol., 7s, 185*8
Ceeilian Br’ch—7s, 15)07
N.O.it Mob.—lst.Os, 1930
2d. Os, 1930
E. II.it N.-lst.- 0s, 15)19
General, 0s, 15)30
Pensacola Div.—Os, 1920
St, L. Div.—1st,
2d 3s, 1980

0s, 1921

*79 V
5)8

90

*85

45

1910
Lehan’n-KTiox—Os, 15)31

Louisv. C.it L.—Os. 1931
Trust bonds. Os, 1922...

07V L.Erieit W.—1st.(is, 1915)
!

Friday, those

j

are

*

7*8 V ”8*6*
78

90

Sanduskv Div.—Os, 1919
Os, 1919

81

Louisv.N. A lb.it C.—1st,(is
Manliat.B’ch Co.—78,1909

85
92

77

j :Laf.Bl.it M.-lst,

HO

;vr

^

«

©

......

......

.

..

n
1

*

!

Evans. Div.—lst,Gs,I920j

Peoria it Pek.U’n—1st,
Pacilie Railroads—

95

'■\ Central
Pac.—G., 6s
San

j

Joaquin Ur.—O.3..1
Cal. & Oregon—1st, Os

ibs"

No. Missouri—1st, 7s.

.....

104

0s(

West. U

n.Tel.—1900,coup.

1900, reg
N.W. Telegraph—7 s, 1904
Mut.Uu.TeL—S.fd.Os.l 911
Spring Val. W.W.—lst,6s

110 V
103 V

100
90
Cal. A Or.—Srr. B,
9l)3u
102
Land grant bonds, 0s.|
West. Pac.—Bonds, (5s, 104
So. Pac. of Cal.
1st,(is *100 V 191
5)5 V
So: Pac.of Ariz’a—1st, (is!
5)5
So. Pac.of N.Mex.-1st,Os
109
109 V
Union Pacific—1st, Os
Land grants, 7s, ’87-S9j IO734
110
108
109
Re
8s, 185)3
100
do
5s, 1907!

Gs.j

j N.Y.&M.B’h—lst,7s,’97
latest quotations made thi9

At.C.it P.—lst,0s,19()5,J
At. J. Co.it W.—1st, Os]

Oreg. Short. L.—1st, Os
Ut. So.—Gen., 7s, 1909 ’
Exten., 1 st, 7s, 1909!

w

Pac.—1st,

cons.,

ek.

111V

:o

”71*"
-

INCOME BONDS.

ibov

Ch.St.P.itM.—L.gr.ine..0s
Chic, it E. Ill.—Inc., 1907
DesM.it Ft.D.—lst,inc.,0s!
Det. Mack, it Marq.—Ino.I
E.T. V.it G a.—I nc.,68,1931 j
Elizab. ('. it Nor.—2d, inc.

ibs"

Gr.BayW.it St. P.—2d,inc.
Ind. Bl. it W.—Inc., 1919
Consol., inc., 6s, 1921...
I mi’s Dee. it Spr’d—2d,inc.

85

"7‘f‘j
100

1 i()6 V

Mo.—1st, 0s... 102
104
2d, 7s. 1891
St.L.it S.F.—2d, Cs, Cl A
3-Os, Class C, 1906
1
3-Gs, Class B, 1900....I 95
lst.Os, PierceC.it O.
Pac. of

*

94**1
101
!
103 V

97

Mob.it O.—1

;

io"2

Pac.—1st, 0s,19O5
Consol., 0s, 1905

95

Income it Id. gr., reg..

37 V
47 V

1st, Rio G.Div.,0s, 1930
Pennsylvania RR.—
Pa.Co.’s guar. 4 Vs,lst,cp

^9434

Registered, 15)21
Pitt.C.it St.L.—1st, c.,7s

7s, 1900
2d, 7s, 1913
1st. reg.,

j
1

....

1

!

3d, prof., debentures

64

V;

8

V1

8 34

16*1

23*4

87V
70
35

1

N.Y.P.it

O.—lst,ine.ac.,7s

'Ohio Cent.—Income, 1920
i

38": Ogdens.it L.C.—Inc..

1920!

: PeoriaD.it Ev.—Inc., 1920
j!
Evaiisv.Div.—Inc., 1920
95 V Peoria it l’ek.Un.—Inc.,6s
Roeh.it Pittsb.—Inc., 1921]
Rome W. it Og.—Inc., 7s.1

j

!

—

So.Car.Rv.—Inc., 6s, 15)31 J

Ihgv

To

i

Min’l Div.—Inc.,7s,1921!
| Ohio So.—2d
inc., 6s, 19211

48

!.

4th, pref., debentures .J
N.Y.Lake K.itW
Inc.63,

ib2"j
92 I
103

j 18

13

st.prf., debeu.!

j! 2d, pref., debentures

......

Gen’l mort., Os. 1931..
So. Pac. of Mo.—lst.Os

18

Sand’ky Div.—Inc.,1920

99

95 V

17
14

'Yin;;::::

Trust Co. certificates..
Leh. it Wilkesb. Coal—’88
Lake E.A W.—Inc.,7s,’99

j

......

15

....

100

"0*8**

!

13
Central of N. J.—1908
Cent. I a.—(.'oup. deb. certs.

107
102 V 104
80
79

0s.1

3d, 7s, 1900

Pitts. Ft.W.vt Chic.—1st
1

112
no

(Interest payable-if earned.)

......

Kans.Pac.—1st, 0s, ’95’
1st, 0s, 1890
i
Denv.DiwOs.as’d, ’5)5),
1st, cousol.. Os. 1915);
C.Br.U.P.—F.c.,7s,’95,v

Tex.it

S.it N. Ala.—S.f.,(is,

130

-

---

Equipment, 7s, 1895..

*5)6”
^40

Nashv.it Dec.—1st, 7s.

133

1

_

Mo.

Louisville it Nashville—

*85

8yr.Bing.it N.Y.—1st,7s 120

■

....

109
117
Buff, it Erie—New bds
Kal. it W. Pigeon—1st.. 100
Pet.M. A T.—1st,7s, 15*00 *118
Lake Shore—Div. bonds 118
Consol., coup., 1st, 78. 123
*123
.

118 V
101 V

12514

;

■

.

-

*103

Clove. P. it Ash.—7s—

L03'

00

1

..

Lake Shore—

Atl.—1st, Os, 1920
2d, Os. 1923
Ohlc.itW.Tnd.-l st. s.f., 0s
Gen’l mort., Os, 1932
Col.it Green.—1st, Os,191G




'

Indianap.D.it Spr.—1st,7s
2d. 5s, 1911
Int.1tGt.N0.—1st, Gs, gold
Coupon, Os, 15)09
Kcut’ky Cent.—M.6s, 1911

Chic. <t

No prices

lit)"

..

2d, 4-5-0S, 1909...*
Eastern l)iv., Os, 1921..

99

Consol, sink, fd., 7s,1014)
General consol., (is. 1934 *
C.St.P.M.it O.—Consol. 0s| 110
C.St.Pit M.—1 st,0s, 1918, 115
No. Wis.—1st. 0s, 1930.]

*

110

1st, 4-5-08, 1909

:

iYs'v

Essex—1st, 7s
2d, 7s, 1891

....

*99

A

120

....

92 V

1

......

Gold, 5s, 1951

r

Morris it

E.itW.Tox.—1st,7s

1st, consol.. 7s, 1897
2d. (is, 1907..

....

Mortgage 7s, 15*07

2d, Waco it No., 8s,1915
General, Os, 1921

C.^t.L.it N.O.—1Ten.1.,7s

*r

2d, Os, 1920
Col. H.Val. it Tol—1 st, 5s,
Del. L.it W.—7s. conv., ’92

...

....

Chic.it Northwest.—
1011.,
Sink, fund, 7s, 1885
Consol, bonds. 7s, 1915. 131V
Extension bonds, 7s, ’83 101 V
*102
1st. 7s. 1885
124
Coupon, gold. 7s. 1902.. 124
Regist’d, gold, 7s, 15*02. 124 V 125
1 15
Sinking fund, (is. 1929.. 112
Sink, fund, 0s, 1929, reg
1 L2
101
Sinking fund, 5s. 1929.. 101
Sink, fund, 5s, 15*29, reg
101
95
Sink’g fd. deb.. 5s,‘ 1933
Dscanabait L.S.—1st,(is
Des M.it Min’ap.—1st,7s
Iowa Midland—1st, 8s.. tYs*'
Peninsula—1st, conv. 7s 110
Chic.it Milw’kee—lst.7s *121
i‘24
Win.it St.P.—1st, 7s, ’87 105H, 100
120
2d, 7s. 1907
Mil.it Mad.—1st,Os, 1905
C.C.C.ct I mi’s —1 st,7s,s.fd.
Consol. 7s. 1914
115 V

Chic.St.L.it P.—1st,con.5s

1st, Western Div.. 7s
1st, Waco it No., 7s
2d, consol., maine line,8s

....

111

94 V

jSt.L.Alton it T.H.—1st,7s
:
2d, pref., 7s, 1894
;112
>’
99 !l()l
2d, income, 7s, 1894 ....!
1
120
Bellev.it So. Ill.—1st, 8s
N. Y. Central—6s, 1887... ioi 34'i 05
'St.P.Minn.it Man.—lst.Tsi 109 !
109
Deb. certs., ext’d 5s
! 104 :J4 105 V
2d, 0s, 1909
' 108
Dakota Ext.- 6s, 1910..! 109
j110
| N.Y.C.ife H.—1st, cp.,7s! 130 130 7h
131
1st, reg., 1903
1st, consol., Gs, 1933
j
; 101V 102
1st. cons., Os, reg., 1933.1
j Hud.Riv.—7s,2d, s.f., ’85, 103 j'l30
Min’s
UuHarlem—1st, 7s, coup... i
1st, 0s, 1922 ioi'i:::::
'130
!
!
1st, 78. reg., 1900
i; St. P.& Dul.—1st, 5s, 1931 100
110
102
N.Y. Elev’d—1 st, 7s. 1906 115
102 V
1 So. Car. R’y—1st, Os, 1920
90
N.Y.P.it O.—Pr.l’n, 6s, ’95.
1
jj 2d, 0s, 1931
I iN.Y.C.it N.—Gen.,0s,1910' 25
i'Slienand’hV.—1st,7s, 1905)!
823.
General, Os, 1921
I
|! Trust Co. receipts
! *28 ; 29 V
5)9
102
! N.Y. it. N. Engl’d—1st, 7s 105
,107
Tex.Cen.—1st, s.f.. 7s,1909
95 V 95)
1st, 6s, 15)05
ii
1
j
1st mort., 7s, 1911
9i)
N.Y.C.itSt.L.-lst,03,1921
j 99 !4 jTol. Del. it Burl.—Main,0s 10
;
2d, 6s, 1923...*
i *50
1st, Dayt. Div., Os, 15)10'
44 V
*44
N.Y.W.Sh.it Buff.—Cp.,5s
1st, Tef’l trust, Os, 1910,
------i Tex.& N. O.—1st, 7s, 1905v
i
11 Registered, 5s, 1931
<7 -|! Sabine Div.
**82"“
N.Y.Susq.it West.—1st, Os
56
60
Va. Mid.—M.inc.,(is. 15)27
j Debenture, (is, 185)7
1
81
:■
87
44
Midland of N.J.—1st, Gs
Wab.St.L.it Pac.—Geu’l Os
70
ChiC. Div.—5s, 1910
| N.Y. N .H. & II.—1 st, l g., 4 s 103
t
Nevada Central—1st, 6s.. 1
Haw Div.—Os, 15)10
(
102
*80"
34 103
IN.Pac.—G.l.gr., 1st, cp.,Gs
T0LP.1tW.—1st, 7s,1917
103
102
70
Iowa Div.—Os, 15)21
Registered, (is, 1921
50 V
N.O. Pac.—1st, (is, g., 1920
Ind’polis Div.—Gs, 1921
: Norf.&W.—Gen’l, Os,
Detroit Div.—Gs, 1921
1931, TOO 101
r*m
95
!
J
Cairo Div.—5s, 1931
j ] New River— 1st, Os, 1932 TOO
No. Railway (Cal.)—1st, Os
|
Wabash—Mort. 7s, 1905)
Tol. it W.—1st, ext., 7s! i*02V 1*04”
,Ohioit Miss.—Consol, s.fd. 11534 H7V
95
115*, 117 V
1st, St. L. Div., 7s, ’89
!j Consolidated 7s, 1898... 110
80
88
2d consolidated 7s. 15)11 j
V 11IV
2d. ext.. 7s, 1893
109
I
!j 1st, Springfield Div., 7s;
Equiptn’t bds, 7s, ’83.
00
00
Consol, conv., 7s, 1907;
"7*6"
! Ohio Central—1st, 0s.l920| 55
i
50
1st, Term’l Tr., (is, 1920
Gt.West’n—1st, 7s, ’88 102
102 103
86
90
j
1st, Min’l Div., 0s, 1921
86
2d, 7s, 1893
Ohio So.—1st, 03,15)21 ....j "75" **8*6"
Q.& Tol.—1st, 7s, 185)0
Han.it Naples—1st, 7s
Oreg’nife Cal.—1 st.Os,1921
OV.itTransc’l -Os.’82-1922 "ii” "So”
lll.it So. fa.—1st, ex. ,6s
07
67 V
St. L.K.C.itX.—ll.e.,7s “95" iob*“
Oregon Imp. Co.—1st, 0s.
106 V
94
Omaha Div.—1st, 7s
Oreg’11 RR.it Nav.—1st,(is: 105
Olar’da Br.—Gs, 1919
Panama—S.f., sub.6s,1910,
5)5
100
Peoria Dec. & Ev.—1st, Os!
St.Chas. Bge.—1st, 6s
To
.

106 V
102 V
106
123

1st, M. L., 7s

Springfield Div.—Cp. Gs.
Middie Div.—Reg OS...

"108

St.P.it S.C.—1st,08,1919.) 117
Chlc.it E.lll.—1st,s.f.,cur.! 100

112 V

2d, 0s, 1913

118

....

105

aim.

Houst.

92

i( m’*

*84
111
90

Illinois Central—

108 V 112

1st, II. it 1)., 7s, 1910..1
Chic.it Pac. 1 )i v.,(is, 1910
lst.Chic.it P.W.,58.15)21
MJn’l Pt, Div., 5s, 1910. !
C.A L.Snp.Div., 5s, 1921
Wis.it Min. I)iv..5s, 1921

108
92

110

it St. Jos.—8s,conv.
i Consol, (is, 15)11
Houston it Texas Cent.—

|

! 107

i'0'0

2d, Cs. 1923
II

*

|

' )*•••

*

Gulf Col.it S. Fe—7s, 1909

*102

1st, 5s, LaC.it Dav„ 1919

:*b*7

Mt.Vern’11—1st, (is, 1923

...

1st, S.W. Div., 0s, 15)09.

Collat’l trust,0s,l922.
Buff.it S.W.—M.,0s,1908
Ev.it T. II.—1st, cons.. Os
FI’tit P. Marq.-M.0s, 1920 *113
Gal. Har.it S.Ant.—1st, Os

1st, 7s, $ g.. R.D., 15)02. 1*120
1st, LaC. Div., 7s, 1893. 110
115
i'17
1st, T. it M., 7s, 185)7
1st, I. it D., 7s, 185)9.... 110
1st, C. it M., 7s, 1903... 122 V 124
118
Consol. 7s, 1905
118

let, 7s. T.it D. Ext.. 1908

i

•

Am.D’kit Imp.—5s, 1921
Chic. Mil. <t st. Paul—
*124
1 st, 8s, P. 1)
2d, 7 3-10, P.I)., 1898... 1*115

2d. 7s, 1884

1103
08

102
67
110

Cairo Ark. it T.—1st, 7s
Gen’l r’y it 1. gr., 5s, 1931

118

,

..

....

Leh.itW.R.—Con.g’d.as.

1*15
130

105
1 12
lou'H 108
108
10534 11*0
78
96
97
83

Adjustment, 7s, 15)03...

j....

lit

| 86

Istconsol.assented.185)5)
Conv., assented, 7s. 1902

1....

114

....

Denver Div.—4s, 1922..
Plain 4s, 15)21
C.R.I.it P.—0s, cp., 1917. !
*123
6a, reg., 1917
1C
Keok. it Dos M.—1st, 5s
Central of N. J.—1st, 1890 ill

!

....

>

120

9334 5)4
107
89 ) 90
cr cc

Ia.

: 107

116

1st, cons., fd coup., 7s..
lteorg. 1st lieu, 0s, 1908

!

!

.....

112
103

102
107
104

117

C.B.<t Q.—Consol.7s, 15)03 i’25"
6e, sinking fund, 15)01.. *101

5s, debentures, 1913

127

..

*

St. L. Jack, it Chic—1 st l 117
"117
*117
2d, gnar. (188), 7s, ’98 117
Miss. R. Br’ge— 1 st. s.f.fis

105

'

1*05

**5)i”

Eliz.Lox.it Big Sandy—Gs
Erie—1st, extended, 7s

2d, extended, 5s, 1919

; Mobile & Ohio—New 6s..I

•'!

■

1st, 0s, 1920

...

!

....

35

|----

Collater’ltrust, 6s, 18921
I
1st, Extension, 6s, 1927]
iiiiv 115 ! I Morgan’s La.it T.—1st, ,6a!
58
! 58 ( Nash.Chat.it St.L.—1st,7»'
92
■:
2d. 6s, 1901
i

E.T.Va.it Ga:—1st,7s, 1900

92
30
5)5
7.8

..

.

1

34
00

RioG.West.—1st,Os

Det.Mack.itMarq.—1st,Os
j Land grant, 3 Vs, S.A...

-

6s, gold, series A, 1908
6s, gold, senes B, 1908
6s, currency, 1918 ......
Mortgage 6s, 1911

Chicago & Alton—1st, 7s.
Sinking fund, 6s, 1903..
La. & Mo. Riv.—1st, 7s.
2d, 7s, 1900.....

Den.it

72

East. Div.—1st, 6s, 1912
Ill. Div.—1st, 0s, 1912..
Char. Col. & Aug.—1st, 7s
Ches.it O.—Pur.money fd.

,107
; 86

,

'

Central Iowa—1st, 7s, ’99

! 82 V

GOV 6934

"

St.L.itI.Mt.-lst,7s,pr.La.

1

32”

35*“
35

50

60*“

30
35

31

31

40

August

THE CHRONICLE

9, 1RS4. ]
New York Local Securities.

(Quotations in Boston, Philadelphia and Baltimore.

Insurance Stock List.
Bank Stock List.
COMPANIES,

Marked time (*) are Par.

PRICE.

COMPANIES.

Bid. I Ask.

not National.

America*

! 125

Amar. Exchange...
Broadway

1

Par.

50
American
Amer. Exchange... 100
25

Bowery
Broadway

Batchers’ & Drov’s’
Central
Chase
Chatham
Chemical
Citizens’

25
17

Brooklyn
Citizens’

20

Clinton
Commercial

City

! 150

Commerce
Continental
Corn Exchange*....
East River
Eleventh Ward*

105

Fifth
Fifth Avenue*
First

Bid.
140
105
140
165
1I6O
140
110
120
50
225

80

240
250
80
100
106
85

70
112
225

.
.

Fourth

155

-150

Imi>. & Traders’
Irving
Leather Mauuf’rs’..
Manhattan*
Marine
137
135
100

Market

Mechanics’
Mechanics’* Trads’
Mercantile

.!
100
100
100
50
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
40
50
100
50
100

Metropolis*
Metropolitan
Murray Hill*

.

N. Y. Nat. Exch....
Ninth
North America*
North River*
Oriental*
Pacific*
Park

People’s*
Phenix

Produce*

Republic
St. Nicholas*..
Seventh Ward

Second
Shoe & Leather
State of New York*
Third

Tradesmen’s
Union
United States
Wall Street
West Side*

140
115
290
65
110
140
135
60
65
126
210
90
110
75

110
70

..

130" "I"

Mercnants’
Merchants’ Exch...

Nassau*
New York
New York County

150

88

......

70

62
.

112
60
100
110
150
90
160
85

...

128
160
145
100
115
100
1i 2
140
150
152
545
LOO

.

.

H

170
__

125

160
155
HO
.....

iib

115

125

Ask.
1150
113
153
175
170
150
125
125

70
100
50
100
Continental
1230
40
Eagle
70
100
Empire City
90
30
Exchange
100
50
Farragut
75
Firemen’s
17
40
10
Firemen’s Trust
105
100
Franklin & Enip..
297
100
German-American
130
Germania
50
105
Globe
50
230
25
Greenwich
55
Guardian
100
100
Hamilton
15
130
Hanover
50
100
130
Home
50
Howard
50
40
100
Irving
120
J efferson
30
200
Kings C’nty (Bkn.). 20
82
Knickerbocker
40
100
Long Ial’d (B’klyn) 50
65
Lorillard
25
100
Manufac. & Build.. 100
50
Mecli. & Traders’
25
Mechanics’ (Bklyn)
50
105
50
Mercantile
50
i Merchants’
94
50
105
50
Montauk (Bklyn.)..
145
Nassau (Bklyn.) ...
50
National
37*3 80
35
N. Y. Equitable
| 145
N. Y. Fire
100 | 80
50
120
Niagara
25
North River
} 105
16a
25
Pacific
|
100 1 100
Park
Peter Cooper
20 | 145
50
108
People’s
Phenix
50
138
25
115
Rutger's
50
95
Standard
100
>
55
j Star
100
50
1 Sterling
25 d 110
Stnyvesant
1 United States
25
120
10
120
i Westchester
200
WHliamsburg City. 50

City

2000

Fulton
Gallatin
Garfield
German American*.
German Exchange*
Germania*
Greenwich*
Hanover

130
110
175

108
160
115
143
120
100
60

j

j

60
120
126
125
225

137

|

......

109

100
150

17 6

!

i

Gas and

City Railroad Stocks and Bonds.
[Gas Quotations by Geo. H. Prentiss & Co., Brokers, 11 Wall Street.]
GAS COMPANIES.

Par

Brooklyn Gas-Light

Citizens’ Gas-L.
Bonds

!

(Bklyn).t

25
20

;

1,000

Harlem

;

Jersey City & Hoboken.. I

50
20
50

Manhattan

'

Metropolitan

I
! 1,000
100

Bonus
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)

i

i

Scrip

.

New York
People’s (Bklyn.)
Bonds
Bonds

Williamsburg
Bonds

Metropolitan (Bklyn.)

100
1 O'JO
25
Var’s
100
10

!

1,000
Var’s

i

50

Amount. ;

1.200,000 Var’s

1,000,000 A. & O.

100 i 1,000,000;

Municipal

I

Bonds

!

1,00.)

j

100

|3,000.000j

j

100

2,000,0001

Fulton

Municipal

Equitable

[Quotations bj
Bl’cker St. & Fult.F.—Stk-:
1st mort
J

Br’dway &7th Av- St’k.
1st mort.

Brooklyn City—Stock...
1st mort

Bklyn. Crosstown—Stock
1st mort. bonds..

Bushw’kAv. (Bkln;—SCk
Central Crosstown—Stk.
1st mort.

Cent.Pk.N.& E.Riv.-Stk

100
>

3,000,0001 Var’s
750,000 M.&N.
300.0U01J. & J.

H. L. Grant, Broker,

100

1,000
100

1,000
100

1,000
100
100

1,000

2,000,000
800,000
200,000
400,000
500,000
600,000
250,000

100

J. & D.

Q.-F.
J. & T.
A. & O.
J. & J.

Q.-F.
Q.—J.
M.&N.

1,800,000 Q—J.
Consol, mort. bonds
1,000 1,200,000 J. & D.
100
Christ’phT&lOth St—Stk
650,000; F.& A.
Bonds
1,000
250,000 A.&O.
100 1,200,000 Q.-F.
Dryl)k.E.B.& Bat’y—Stk
1st mort., consol
500&C.
900,000 J.& D.
100 1,200,000 F.& A.
Scrip
100 1,000,000 Q.—J.
Eighth Av.—Stock
100 1,000,600 F & A.
Scrip
42d & Grind St.F’ry—Stk
100
748,000 M.&N.
1st mort
1,000
236,000 A. & O.
100
250,000 Q.-F.
Houst.W.St.&P.F’y—Stk
1st mort
500
500,000 J. & J.
Second Av.—Stock
100 1,862,000 J. & J.
3d mort
1,000
150,000 A.&O.
Consol
1,000 1,050,000 M.&N.
Bixth Av.—Stock & scrip
100 1,500,000 M.& S.
1st I11 ort
1,000
500,000 J. & J.
Third Av.—Stock
100 2,000,000 Q.-F.
1st- mort
1,000 2,000,000 J. & J.
100
600,000 F. & A.
Twenty-thud St.—Stock.
1st mort
i .000 i
250.000 M.&N.
r...

*

This column shows last dividend




Ask.

130~

5
3

106
July 1, ’84, 90
J’nel0,’84 205
1888
106
3*2
3
Aug. 5/84 143
107
0
190 u
90
3
3
5

1900

92
110
123
150
305

239
13

i"

106
P2

165
I

80

jllO
!ioo
1.120
110

95
209
108
145
110

145 Broadway.]

on

J une, 1904 103
’84 210
3*2 Aug.
5
Jan., IS 02 106
4
April , '84 150
7
Jan., 1888 105
2
Aug., ’84 160
IV, J uly, ’84 145
6
Nov., 1922 110
2
Julj% ’84 136
7
Dec., 1902 118
3
Aug., ’84 130
7
Oct., 1898 no
2 V, Aug., ’84 195
7
June, ’93 114
191 4
6
100
’84 265
July,
2*3
6
1914
105
6
May, ’84 250
7
April ’93 112
2
Aug., ’84 130
7
J ulv.
’94 110
5
July, ’84 195
7
’85
100*3
April
7
May, ’88 105
10
Mch., ’84 300
7
July, ’90 no
4
May, ’84 280
7
Jan., ’90 111
4
Aug., ’84 165
7
May, ’93 no
5

116
b6

...

105
216
no
160
112
165
155
112 V,
140

119ig
135
116
200
116*3
102
285
no
265
117
140

112*3
200 .
101 hi
106
310
115
285
113

172
113

stocks, hut date of maturity on bonds.

Cam. & Amboy—6s, e.,’89
;

Cam. & At

14 Vj

I

!

(

*

114*3*115"’

125
118

10,-.
105ia
*3 Delaware-6s,rg.& cp ,V.
Del & Bound Br—1st, 7s
East Penn.—1 st, 7s, 1888

104

83
1

.

p. c

Chat. M., 10s, 1888
New 7s, reg. & coup
Chart’rs V.—1st, 7s, 1901
Connect’g 6s, cp., 1900-04
Cor.Cowan& Ant., deb. 6s,

!

Nebraska, 6s. Exempt
Nebraska, Gs.Non-ex’pt
Nebraska, 4s
Conn. & Passumpsio—7s.

Cons., 6

107
109

Cam. & Burl. Co.—6s. ’97.
Catawissa—1st, 7s. con. c.

6s

(
6s
Boston & Providence—7s !
Burl. & Mo.—Ld. gt\, 7s.

2d, 6s, 1904

i

1

Boston & Lowell—7s

i03*3

Mort., 6s. 1889
1.—1st,7s,s.,’93

I;":"

7s
Boston & MainA
Boston & Albany
7s

r.a

Ask

Bid.

Buff.Pitts.& W.—Gen.,6s
119*3

j 84

103 V
105
112

Easton&Amb’y—5s, 1920
El.&Wmsp’t-l st,6s, 1910

■

East’rn, Mass.—6s, new..

i"o*8*e

Fort Scott & Gulf—7s
K. City Lawr. & So,—6s..
K. City St. Jo. & C. B.~7s
Little R. & Ft. S.—7s, 1st

Harrisb’g—1st, 6s, 1883..
H.&B.T—1st, 7s, g., 1890 114
114
115
93
Cons. 5s, 1895
90 V, Ithaca&Ath.—1st, gld.,7s
90
97
96
Junction—1st, 6s, 1882...
40*4
2d, 6s, 1900
Leli.V.—lst,6s,C.&R.,’9S 120 Vj
132
2d, 7s, reg., 1910
122
Cons. 6s, C.& It., 1923..
i05
N. O. Pac.—1st, 6s, 1920. 'K'i'vj
114 ”
No. Penn.—1st, 6s, cp.,’851 100 vj1
2d, 7s, cp. 1896
120
Gen., 7s, 1903
1

K. City Sp’d & Mem.-6s
Mexican Central—7s
Income

Scrip
N. Y. & N.

England—6s..

7ft
N. Mexico & So. Pac.—7s

Ogdeusb.& L.Ch.—Con.6s
Obi

Oniony

7s

Pueblo & Ark. Val.—7s..

5s, perpetual

98*2

Rutland—6s, 1st

95*

93

Sonora—7 s

STOCKS.

Cheshire,

preferred

Chic. & West Michigan..
Cinn. Sandusky & Clove.
Concord
Connecticut River
Conn. &

1

.

—

OtfVjj....

Phil.&Erie—2d,7s,cp.,’88j

*2!

81

2d, 7s, coup., 1893
120
120*3
Cons., 7s, reg., 1911
Cons., 7s, coup., 1911.. 11934
Cons., 6s, g., LR.C.1911
Imp., 6s, g., coup., 1897
82 3«
83
Gen., 6s, g., coup., 1908
90
95
Gen., 7s, coup., 1908—
Income, 7s, coup., 1896
55
Cons. 5s, 1st ser.,c.,1922;
Cons. 5s, 2d ser..c., 19331
3S*a

Eastern, Mass
j 114
36
Fitchburg
25
Flint & Pere Marquotte.
2114l
90
| 97
Preferred

Toi. Cinn. & St. Louis
Vermont & Mass
Worcester & Nashua
Wisconsin Central
Preferred

137
74
35

!

!

Conv. AdJ. Scrip,
Debenture coup.,

20.
44

Conv. 7s, cp.off, Jan.,’85
Phil.Wil.& Balt.—4s,tr.ct
Pltts.Cin.&St.L.—7s, reg
Pitts. Titus. & B.—‘7s,ct).

19
65
t

137s

ShamokinV. & Potts.—7s
Shen. Val.—1st, 7s, 1909
Geu’l 6s, 1921

116
140
113

19 Vj

923j

104
65

106
75

90

95
60

Suubury & Erie—1st, 7s.

W.—1st, 5s
2d, 6s, 1938
Syr.Gen.it Com.—1st, 7s.
Tex. & Pac.—1st. 6s, 1905
Consol., 6s. 1905
Union & Titusv.—1st, 7s.
United N. J.—Cons.6s,'94
Cons. 6s, gold, 15)01
Cons. 6s, gold, 1908
Gen., 4s, * old, 1923
Sunb. Haz. &

60

10*4

Ashtabula & Pittsburg..
Preferred
Bell’s Gap
Buffalo NT.Y. & Phil
Preferred
Camden & Atlantic
Preferred
Catawissa
1st pref erred
2d preferred
Delaware & Bound Brook
East Pennsylvania
Elmira & VVulliamspor t..
Preferred

Huntingd’u & Broad Top

4 *2

40"
15
52
52

19

59*2

Ger. & Norristown
Newtown & N.Y..
& Reading
& Trenton
Wilm. & Balt
Pittsb.Cin.& St. L.—Com.
United N. J. Companies..
West Chester—Cons. pref.
West J ersey
West Jersey & Atlantic..
CANAL STOCKS.
Phila.
Phi-la-.
Phila.
Phila.
Phila.

Lehigh Navigation
Pennsylvania
Schuylkill Nav., pref...

!

Cons, os, 1909
W. Jersey ifcAtl.—l st,6s,C.
Western Penn.—6s, coup.

109
113
113

Lehigh Nav.—6s,reg.,’84.
Mort. RK„ reg.. 1897
Cons., 7s, reg., 1911
Pennsylv.—6s, cp., 1910..
Sclmylk. Nav.-1st,6s,rg.
2d, 6s, reg., 1907

J10513
115
125
90

..

12
20
65

—

60
51

28
64

56*4

13*5

13*8

Parkersburg Br

50

Central Ohio—Com
50
Prof
1
50
Western Maryland ....50
RAILROAD BONDS.
Atlanta & Chari.—1st....
Inc

Balt.&Ohio—68./85A.&0
Cen. Ohio.—6s, lst.M.&S.
Chari. Col. & Aug.—1st..

193
45*2

4314

*12^

RAILROAD BONDS.

114 ^

Allegh. Val.—7 3-10s, ’96
7s, E. ext., 1910
20
Inc. 7s, end., coup., ’94
Aslitab. & Pittsb.—1st,6s
1 st, 6s, reg., 190S
Belvid’e Del.—1st,6s,1902
102 a4
2d, 6s, 1885
100 Vj
3d, 6s, 1887
Bell’s Gap—1st, 7s, 1893.
1st, 6s, 1905
Consol., 6s, 1913
Buff. N.Y.& Phil.—1st,6s
2d, 7s, 1908
Cons. 6s, 1921
i«t Tr
1Q92

13"

2d
Cin. Wash. & Balt.—lsts.
2ds
3ds
Columbia& Greeny.—lsts
2ds

No.Central—6s, ’85, J.&J.
6s, 1900, A. & O
6s, gold. 1900, J.&J
5s, Series A
5s, Series B
Pittsb.&Con’ells.—7sJ&J
Union UR.—1st, gua.J&J
Canton endorsed

80

2d, guar., J. & J
2d, guar, by W.Co.,J.&J.
6s, 3d, guar., J. & J
Wilm. C & Aug.—6s
*

in

default,

-

(ini*

177*3
135
125

52

13 *2

107*4
92
102

108*4

-

104
100

98

64*3
29
96
60
100*2 101

23Vj
94
59

•

11 5 34
101
101 Vi
99
121
121

vj

116

119

Md.‘—6s," lsY, "g."," J. &’j".

Ar

65

63
175
130
117
9
50

92*3

Virginia & Tenn.—5s
8s
W.

Wil

t Per share.

80

103

BALTIMORE.
RAILR’D STOCKS. Par
Atlanta & Charlotte,..
Baltimore & Ohio
100
1st pref
2d pref

563s

108"

4234
.

99 V

6s, P. B„ 1896
Gen., 7s, coup., 1901

40
54

Preferred
Little Schuylkill
Minehill & Sell. Haven...

Pennsylvania
Philadelphia & Erie

10513
60

CANAL BONDS.
Ches. & Del.—1st, 6s,1886

15
64 Vj

Norfolk & West’n—Com.
Preferred
Northern Central
North Pennsylvania

57*4

1st, 7s, 1899

9

Lehigh Valley

Preferred

Warren & F.—1st, 7s, ’96
West Chester—Cons. 7s..
W. Jersey*—1st, 6s,cp.,’96

•4=8

93
120
65

Income, 6s, 1923
Income, 5s, 1914

i)4

IS3*

STOCKS, t

Ex-dividend

1893}

Conv., 7s, R. C., 1893..t
17
63

Allegheny Valley

*

’85-88

Scrip, 1882

PHILADELPHIA.
RAILROAD

103 *2

Cons., 5s, 1920
Phila. Newt. & N.Y.—1st
Phil. & R.—1st, 6s, 1910..

]

Fort Scott & Gulf
Preferred
Iowa Falls & Sioux City.
Kan. C. Springf. & Mem.
Little Rock & Ft. Smith.
Louisiana & Mo. River..
Preferred
Maine Central
Manchester & Lawrence.

108 V, 111

Cons., 6s, 1920

101

113

j

7,1906

Perkiomen—1 st, 6s,cp.’871 100

”43

*4234

pref.

Preferred
Nashua & Lowell
N. Y. & New England
Northern of N. Harnpsh.
Norwich & Worcester...
Old Colony
Portland Saco & Portsm.
Rutland—Preferred

ibo'

,

77

Passumpsio

Connotton Valley
Det. Lansing & No.,

100

Pennsylv.—Gen., 6s, reg.i 123
Gen 6s, cp., 1910
i
170 j
Cons., 6s, reg., 1905
I
ioT" 10 L*a
Cons., 6s, coup., 1905...!
161
Cons., 5s, reg., 1919
j
Pa. & N. Y. C.—7s, 1896.1 11934
*70 v,

Boston & Albany
Boston & Lowell
Boston & Maine
Boston*& Providence
Boston Revere B. & Lynn

Debenture 6s, reg
;
Norfolk & West.—Gon.,6s! 100
N. R. Div., 1st, 6s. 1932i
95
Oil City*Chic.—1st, 6s..;
Oil Creek—1st, 6s, coup..;

114

'

Nesquehoning Valley....

25
900,000 J.&J.
a4 July, ’84 23
700,000 J. & J. 7
July, 1900 107 *2 108 Va
167
2,100,000 ; Q.-J. 2 July, ’84 159

1,000 1,500,000
10

Bid.

| May 1,’841127
[July 1, ’84 90
259,000 A. & O. 3Hj S’g F., 99 107
2,000,000 F. & A 3 ! Aug. 7, 841121
| 75(3,000 J. & J. 7*2 July 1. '81140
June 2,’84i297
4,000,000 Var’s 5
,2,500,000: F. A A. 5 [Aug.12’84 235
3
4
i 902
|107
700,000 F. A A.
3,500,000: Quar. 2 V July, 1884 127
1902
104
1,500,000 M.&N. 3 I
1,000,000 i Var’s 2 I June 2,*84 105
700,000 M.&N. 2 VMav 1/84 89
4,000,000: M.&N. 5 [May],’84 160
June 2,’84
75
1.000,000 J. & J. 3
400,000 M.&N. 3^ May 1,’84 10(3
100,000 A.& O. 3 j Apr. 1, ’84 97
1,000,000 Quar. 2VJuly2l’84 315
2,000,000 Var’s

1

j 1,000
...t

Date.
*

Period

SECURITIES.

BOSTON,
Atch. & Topeka—1st, 7s.
Land grant, 7s
Atlantic & Pacific—6s
Income

...

1

! Ask.

| Bid.

Maiq. Hought’n& Onton.

i

!

SECLRITIES.

[Prices by E. S. Bailey, 7 Pine St.]

PRICE.

j

153

7»

105

120
109

110
108

109

I 1 5

ivo

} Ex-rights.

CHRONICLE

THE

154
EAKNINUS.

KAUJtOAL)

earnings and the totals from Jan. 1 to
given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading “January 1 to latest date” fur¬
nish the gross earnings from January 1 to, and including,
the period mentioned in the second column.
The latest railroad

latest date

KL.CRk

[VOL. XiilX

New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
week ending at the commencement of business Aug. 3:

are

Latest Earnings

Reported.

Jan. 1 to Latest Date.

\

Roads.
Week

or

1883.

18*4.

Mo

*

$

1883.

1884.

$

$

79,893
519,68S|
480.659
72,225
Ala.Gt.Southcrn June
1,254,029 1,2G 1,085 7,616,815: 7,368,994
a Atcb. T.& S.Fe Jure
220,098
168,044
19,159
Bost. H. T. & W. 3 wks July
29,210
1,109.582 1.415,000
43,055
45,811
Bur.Ced.R.A No. 3d wk July
1 Go,000
175,000 2.754,7 I 2j 2,774.502
Canadian Pacific 4 th wkJuly
100,972
763,3031 - 678,7.47
90,322
Central Iowa
July
1.789.0UO 2,129,226 10,476,000111,545.125
Central Pacific.. June
258.800
323.845
1,708.217 1,796,839
Chesap. & Ohio June
...

57.800

Juno

Eliz.Lex.&B.S.

324.391

56,022

316,627
4,537,082

4tli wkJuly
208,888 4,586,368
25*,343
Chic. Burl. & Q. June
,2,077,182 1,937,916 11,616,021 11,405.203
826.804
35,209
32,977
908,000
Chic. A East. Ill. 4th wk July
59.603
60,057
483,173
521,636
Chic. & Gr.Trunk Wk Mar. 8
666,000
578,338 12.378,000 12,518,223
Chic. Mil. ASt.P. 4thwkJuly
7 2 L,7 00 12,532,899 13,049,546
673.000
Chic. & Northw. 4 th wk July
165.400
154,800 3,115,644 2,808,238
Cb.Bt.P.Min.&O. IthwkJuly
26,433
27.4G9
841,087
815,850
Chic. & W. Mich. 3d wk July
211.822
190,122 1,321,975 1,348.254
Cin.Ind.St.L.&C. July
205,4b0
208,826 1,210,313 1,157,472
Cln. N. O. A T. P. June
882.943
963,272
30,454
31,919
Cin.Wash.ABalt. 3d wk July
294,416
266.736
13,555
Clev.Akron A Col IthwkJul}
16,037

Chicago & Alton

Clev.Col.C.& Ind Juno
Denver & Rio Gr. June
Dee Mo. A Ft. D. 3d wk July
Det.Lans’g& No. 4thwk 1 uly

283,712
583,797

338,999
678,781

1,803,080
3,034,512

2,004,496
3,371.207

6,169

6,951
38,492

172,836

153,547

17.108
300,637

553,461

32,821

July

15,929

E.Tenn.Va.AGa. 1st wkJuly
Evansv. & T. H. 4thwkJuly
Flint & P. Marq. 4thwkJuly

291,251
63.060
21,837
54,336
12,970
35,300

3d wk
June

Dub.ASiouxCity
Eastern

Flor.R’way A N. 3d wk J uly

Ft.Worth & Den. June
Grand Trunk... Wk July2G

Gr.BayW.ASt.P. IthwkJuly
Gulf Col.&SanFe June
Hous.E. A W.Tex April
6111.Cent. (Ill.). 4tliwkJuly
....

24,884
215,496
46,594

31,000
51,631
33.414

33,00 >
23.500

C8.381
22,827
30,750
23,100
379.511
43.800

380.565
27,829
17,851
158,727

30,361

23,825

1st wkJuly
June
3d wk J’ue
3d wk J’ne
3d wk J’ne
3d wkJuly

243.443

June
June
Juue
June
N. Y. Pa. & O. June
N.Y. 8usq.& West June
Norfolk & West June
Shenandoah V Juue
Northern Centr’l June
Northern Pacific July.

836,700

5,742,459
1,085,205
1,538,470
967,960

280,169

247,6*16

242.93*4

154,330
1,495,392

185,287
1,472,326

213,959

200,642
7,500,159
352,692
581,702

673,367'
1,372.205

3,435
9,610

8,320

29,084

24,480

153,666

152,753

171,197
283,831
621,004
843,218

.

2*56.045
567,834
797,208

8,6*83, i*54 8.6*6o,20*1

417,975
134.164

161.957;

170.661
7,345

1,145,181
1*9,737

306.690

1,591.499

1,665,319

1,663,038
424,1331 580,161

7,671,060
2,647,721

9,377,140

1

1,281 Tl57

New York
Manhattan C'o
Merchants’
Mechanics’
Union
America
Phenix

....

City
Tradesmen’s
Fulton
Chemical
Merchants’ Exch.
Gallatin National..
Butchers’ A Drov..
Mechanics’ A Tr...
Greenwich
Leather Manuf’rs.
Seventh Ward....
State of N. Y
Americ’n Exch’ge.
Commerce

Broadway
Mercantile
Pacific

Republic
Chatham

Peoples’
North America

...

Hanover

Irving

2,664,000

Metropolitan

3,893,000

1,097,610
1,101,990

1,100,570

38.667

3,028,797

82.970:

88,152

451,928

183,869)

1,246,502

50,06(3

203,610
70,109

465,495
1,209,435

416,6351

476.164

344,230
2.620,255

356,360
2,914,614

1,026,4 49j 850,223 6,964,697 4,381,283
84.731
lol,218
Ohio Central— July.
1st wkJuly
Ohio A Miss
71,846 2,027,143 2,114.118
66,973
312.630; 361.0:9 1,382.360 1.465,787
Oregon Imp. Co. May
435,144) 139.001 1,780.724 1,907,970
Oregon R.AN.Cd May
Pennsylvania... June
3,906,174 4,156,8 1 23.333,2 49 21,352.579
418,056
377,875
Peoria Dec.AEv. IthwkJuly
18,857|
16,106
June
292.368
34 4,771
1,616,812 1,943.239
Phlla. A Erie
Phila.A Read’g/i June
2,148,764:2.810.4 M9 10,110.17b 10.965,860
Do
C. & Iron June
1,083,357:1,548,731 7,053.919 7,171.*07
Riclim'd A Dan v. 1st wkJulj
62,200
61,800 1,887,502 1,826,6(6
357,*99
393.7:9
Ch.Col.A Aug. June
44,091
38,299:
298,855
366,845
ColumbiaAGivJuno
28,148|
31,755
732.704
736.694
Ya. Midlaud.
June
128,433| 131.3131
190.934
146.364
West. No. CarJjune
29,628)
23,261
20,479
38,543)
273.694
629,239
Roch. A Pittsb’g 4thwkJuly
599.083
592,871
137,356! 125,815
Rome Wat.AOg. May
...

19,457

18,147
22,311

17,360!

19,008
7,693

19,9081

Bt.L. Alton AT. H. 3d wk J uly
Do
(brchs.) IthwkJuly
St, L. Ft. S. A W IthwkJuly
St.L ASan Fran. IthwkJuly
St. Paul A Dul’th IthwkJuly
BLP.Miu.A Man. June
8outh Carolina June
So.Pac Cal ,N.D. April

14.« 03
13 1.953!

39,589 j

45,975

682,330!

763.83s
63,25<'

55,773

...

Lincoln
Gartiold
Filth National....

397,726:

Paoitto...tMay

i

85,932

Vlcksb’rg A Mer. | June

j

31,734

*,829;
27,870

112,374

108’698

..

Vicksb.Sn APac. June
West Jersey
I Juue

Wisconsin Cent’l 3d

250,412

2,112,342 2,351.012) 9,300,896 10,693,125

June

Utah Central.

42,527)

wkJuly'

9.770

21,801

7

Q;

23,091)

471,3>. 0

574,479

221.131

229.746
36.810
477.859
748.963

58.853;,
527.507

7S2,821j

a Includes Southern Kansas lines in both years,
b Includes Southern
c Including both divisions.
Division.
if Corpus Christi to Saltillo,
397 miles; up to May embraced only 236 miles, Laredo to Saltillo
e Only
164 miles now, but prior to May represented 297 miles.

/Whole Southwestern system.
</ Not including earnings of New York
Penn. A Ohio road.
h Not including Central New Jersey in either
i Included in Central Pacific earnings above.
year prior to June 1.
Embracing lines in Missouri, Arkansas and Texas




,

J$Stt

893,000

950,500
2.667.500
1,179,000
4.746.100
11,595,000
13,552,9001
4.916.200
6.192.500
2.629.400
4.181.300
3.630.600

2,353,800
449,000
391.400
188.500
539.400

561,700
198.300
334.800
826.900
385.300

491.000

259.10U

155.600

324.200
392,000
283,000
722.100
343,000

381.100
367.200

431,000
851.100
170,000

-

50,400
21,000

198,000
147.300

129.800
4,755,400
788,000

925.100

1,320,000
254,000

250.000
698.500

360,000

3,994,900
1.088.300
80,700
219.200
186,000
672.600
991.500
595.700
101,000
*250,700
1.107.100
175.600
51,000
136,350

235*800
45,000
5,400

2.844.800
8,005,200

5*2*6*500

2,566,009

388,000

1,006,000
2.822.100
2.581.300
2.276.800
1.781.700
2,786,(»00
4.373.400
4,846,400

1,305,000
270,900
433,600

44116*66

*62,10*6

1.907.500

1,356,300
2,078.000
122,000

7,937,500
3.864.300

931.800

899.800
404,000

1.766.500

203,000

1.650.300

235,300
45,000
2,600
515,000
11,100

611.100
646,000
225.500
251.400
415.800
92.500
330.300
125,3 10

22,023,300
18,9 30,900
1.133.300
1,657,000
842,100
13,767,400
7,534,000
1,913,000
4,375,709
14,987,190
4.723.500

1,323,900

1,042,400
1.865.100
2.279.500
2.4(7,300
4,077,200
2.557.100
2,072,200
2,180,000
3.180.100
1.444.400
775,700
1,040,500

270.000

306.000

192,500!

56.800!

214.200

157.800
143.800’

45,000
222,200
360,000
297,000
45,000
600,000

449,900
225,000
180,000

45*,6b6
449,900
45.000
180,000
135,000

jL. Tenders.[ Deposits. 'Circulation Agy. Clear'ga
$!$;$'$$
s

Loans.

1884.

Specie,

J’ly 19 288,603.700 72,731,600 31,873,700
26 289,759,200 74,792,700 32,229,800
Aug. 2 288,352,800 74,743,800 31,572,100

304,788,100 14,416,900 461,893,350
305,577,500:14,362.700 454.150.582
304,610,000; 14,393,000,1535,503,126

Boston Banks.—Following are the totals of the
Loans.

1884.

L, Tenders

Specie.

Boston banks:

Circulation U* 3 o R5

Deposits."

^
i

$
3.892.700
4,280,800

$
$
J’ly
21 137.174,000! 6.5i4,400
“

136,834,800 6,864,100
Aug-4 137,624,100i 6,696,900
28

4.361.700

1

$

$

$

«eaf M

84,423,700 23,080.200
83,454,600 23,137,200
85,215,909 22,933,700

57.511,683

53,107,832
54/425,177

Philadelphia Banks.—The totals of the Philadelphia banks
are as

follows:

1884.

Loans

Lawful Money.'

Deposits*

$

$

$

Circulation.\Agg. Clear'ga
$

13,989,060 j 64,130,209
71,900,070
28
19,607,087
64,695,388
71,887,011
20,235,399" ! 65,836,156
Aug.
4
72,061,413
Including the item “due to other banks.”

Jillv

21

$
48.701,934

8,192,623
8,119,765
8,094,503

44,930,300
42.279,623

*

quotations for a

Unlisted Securities.—Following are latest
Securities.

Bid.

33
105

......

Contiueiual Const. Imp.Co
Denv A RioGiaude—Cons
Deny.A Rio Gr. W
Don. R. G. A W„ 1-t M.,
Guar, by D. A R. G

Georgia Pac.—Stock
1 st uiori., 6s
Ind. Decatur A

Springf..

Koely Motor
1st M.,

endorsed...

1 st inert
Mali oiling

Mh‘h A <1
1st mort

Coal A RR
snlifnll paid

4 5

12
12
•

25

5:h
77'a

9

j

50

| 1st mort
(Pittsburg A Western

67
17
78

(Postal Telegraph—8took.

4 “6
40 7e

17

40 Hi
■23
5

31

34
100

16 ‘
14
1 Hs

State of

I

2

16
51
70
88

i enn.—Set'm t.Js

.settlement, 5s
Sel. R. A 1).—1st,

38 '4

78x4
18
4

22
84

4*4
21
53

stpd ’80

) 2d
1st mort., stamped Is8-'

J4
y4

......

mort., sta uped 1880.

3 hi
8
24

6

2q

| Prof

48 34
6

14

Postal Tel.A.Cable—Stock
Rutland RR

| Settlement, 6s

75
9
83 q
30

5
5

Incomes
(Pensacola A Atl

9

*39

934
17
3 l4

45

11

15

12
34 hi
47

.....

•

Ask.

3-»4

Mo. Pacific Old stock
Mut.Un.— St’ck trust ctfs
3-i M. K.AT.—Income scrip
N.
V. M. Un. Tel.—Stock.
■v
J N. Y. W. Sh. A B.—Stock.
North. Pac.—Div. bonds..
North Riv. Cons.—100 p.c
Ohio Cent.—Riv. Div., 1st
•

..

Old

Bull'. N. V A Phila
Trust bonds, 6s
California Pacific—1st M
Chicago A Grand Trunk..

Bid.

Securities.

Ask.

23
am.Sato Dep. per. deb.bds
Bost. 11. A E.—New stock

109 896

2

621,000

following are totals for several weeks past:

263,106

6*3.262

292,500

3.371.600
1,552,000

2.107.100
446.200
66,000
551.100
194.100

1,044,800

B’klyn Kiev.— A ss’t pd
Scrip stock, ass’t pd.

577.337)

2.332.400

283,352,800 74,743,800 31,572,100 304,616,000 14,398.090

Total

448.903

1.976,99 2
1.12,507
65 2,021
3,657,518' 3,912,512

366,700:
465.800
84.800

2,?HJi!000

705,300
751.700
321.700
99,300
152.800

910,800

424,527
2,436, *2 4

789,200

133l|©0

192.200

1.162.800
1,552,000
2.601.300
777.800
1,791,090

1.573.900

731,785

19,374

64,857)

123.600
584,900

4.878.300
14,091,900
4.200.500
1.315.800
1.877.600
1.898.700
2.426.500
2.932.800
2,488,000
1.678.100
1,789,000
3,056,200
1.297.100

Bost. H.T.A West.—St’ck
Debentures...4.

175,575)

68,779)

393,400
143,000

1.540.500
1,500,000
1,075.900
11,868,500
6,978,000

Wall Street
!
North River
1
East River
i
Fourth National..)
Central National..)
Second National..]
Ninth National...!
First National—
Third National
N. V. Sat. Exch..
Bowerv
N. Y. County.....
German-A meric’n.
Chase National...
Fifth Avenue
Ghrman Exch’ngo.
Germania
United States

49.4*7
754,688

50.163

343,*53)
327,455
88,652
364,689) 1,167.2 43! 1,358,784
214,742
636,307)
802,118

95,876!
340,116;

So. Div./. April
Arizona./. April
N. Mox.i. April
St. Louis./ 2d wkJuly

101,146

333.500

858.700

I 1.988.500
Importers’A Trad.' 15.424.600
Park
) 14.826.600

1.771.400
1.553.200
895,1001 17,804,100

201,800;

5.212.300

Oriental

1,100
264,000

175,800!

'745,800

4.268.700
3,923.000

.

St.Johnsn.ifeL.C.1.March

6.322.800
,251,400

.2,183,600
2.696.600
1.933.500
2,627.000

350,30*6

263,100!
2,327,000
508,000 i 11,886,200

614,000

2,3)2,200

Citizens’
Nassau
Market
St. Nicholas
Shoe A Leather..
Corn Exchange ...j
Continental.
j

450,000

,

1,029,800
3,469.700

13.839,000
17,404,800
6.142.200
5.427.900
2.188.700
4.573.500
3.495.400
1,533,000
2,908,000
7.187.200

$

i

$

2,413,U00

841,500
3.219.100
1.201.400
3.578.900

Circula¬
tion.

1,453,000: 10,273,000
589,000
7,329.000
8,345,900
1,181,800.
8,374,000
1,123,000;
3.826.700
171,200;
837,000! 10,323.000

3,013,000
1,574.000
2,270,0(10

848.000

other
than U. S.

Tenders.

$

$
8,4 i 8.000
7,534,000
7,180,000
7,775,000
4.412.600
10,105,000
2,386,000
7.316.500
2.973.800
1.300.300
15.898,200
2.827.100
4.963.900
1.630.500

Net Deposits

Legal

Specie.

••

128,415
9ft'4

Loans and
Discounts.

The

435,864)
23,419!

Average Amount of—

987,034

241,794
380,967

12.750

IthwkJuly
July

216.500

436.751

2,653,271, 2,577.070

June

171.500

615,549
308.593

7,629,040

11,078

Southern Div.
Other lines e..
Milwaukee A No
Mil. L.Sh.AWest. IthwkJuly
Minn. A St. Louie Ji n 1

..

5,499.216
916,916
1,364.143
1,272,642

31,957

368,33 V
50.500
355,050

487.389

193,309
797.628

55,638

15,603

1,637,666
1,851,282
397.569
1,446,429

9,285,08:* 10,444,091

21.071

.....

Missouri Pac./h.
Wab. St.L.&P.
Mobile & Ohio
Nash. Ch.& 8t.L.
H.O.&Northeast
N.Y. A New Eng
N.Y.L.ErieAW.y

569.159
223.700

19.356

A Ft.Smith June
L.Rk.M.Riv.AT. June
Long Island.... July
La. & Mo. River April
Louisv.ANaahv. 4tliwkJuly
Mar.Hough.A O. 3d wk.1 uly

Mex.Nat.,NoDr/

1,382,643

13.109
31,900

347,114
6,958
139,156

68,753

Mexican Cent.c.

53,913

316,918
6,685
127,784

Kentucky Cent’l May
Lake Erie A w.. IstwkMay

Memph. A Chari.

19.085

167,120
1,598.393
1,915.549
401,143

60.025

180,600

Do
(Iowa) 4th wkj uly
Ind. Bloom. & W. :-<l wk July
Ft.S.A Gulf 3d wk July
Kan. C. Sp A M. 3d wk July

Do
Do
Do
Tex. A
Union

the

the

St. Joseph
St. Jo. A

125a

A Western
Pap., 1st mort.

‘2d mot t,
Fans. A. Neb.,

92
35
36 hi

1st mort.

2d mort

„

3

17 *8

Texas

New

Pacific

94

.....

Old scr.p.

40

scrip

Vict<8bMrg*A Meridia"...
1st inert
2d mort

3
91
53

Incomes

14

■

95

.

August

THE

9, 1£84. j

CHRONICLE.
MILES OF RAILROAD CONSTRUCTED.

Invest nteuts

“An increase of 179*15 miles

AND

RAILROAD

INTELLIGENCE.

The Investors’ Supplement contains a complete exhibit of the
Funded Debt ofStates and Cities and of the Stocks and Bonds

of Railroads and other Companies. It is published on the
last Saturday of every other month—viz., February, April,
June, August, October and December, and is furnished with¬
out extra charge to all regular subscribers of the Chronicle.
Extra copies are sold to subscribers of the Chornicle at 50
cents each. and to others than subscribers at $1 per copy.

ANNUAL

155

was made during the year, as
follows: 125*49 miles completed of Dakota Central Railroad, iu
course of construction from previous
year, extending from

Iroquois, Dak., to

near 11awarden, at the Iowa State line;
the connections at Hawarden, 0*63 of a mile, with the Toledo
& Northwestern Road in Iowa; 13’28 miles from Castlewood to Watertown, Dak., being the finish of the Sioux Valley

line;

the extension of the Aurora Branch in Illinois, 6 20
miles, from Batavia ; the acquisition by purchase of the Cort¬
land & S.vca more Branch, 4’64 miles, in Illinois: the comple¬
tion of

Maple River leased railroad, 26’36 miles, from Holstein
Kingsley. Iowa, and 2*55 miles added for correction of dis¬
tances in other lines previously constructed."
to

REPORTS.
CONSTRUCTION
“

The expenditures
follows :

ACCOUNT.

for construction of

Chicago & Northwestern Kailway.
(For the year ending May 81, 1884.)
The annual report of the Chicago & Northwestern Railway
Company for the fiscal year ending May 81, 1884, is a docu¬

Dakota Central Railway
.
Ottumwa Cellar Falls A* St. Paul Railway
Cortland A Sycamore Branch, 111...

ment of much interest.

Freepoit & Mississippi Railway, Hi

.

No feature in the reports of this company has been so much
discussed as the surplus balance in the general account of
assets and liabilities.
It is the usual custom in railroad reports

present a condensed balance sheet at the close of the fiscal
year showing on one side the assets and on the other side the
liabilities, and making the two sides balance by an item
“Surplus Income Account" or something of equivalent mean¬
ing, which indicates the real surplus balance to the credit of
shareholders. Not so with the Chicago & Northwestern balance
sheet, which has for years shown fictitious liabilities in the
stocks of proprietary roads, none of which were actually out¬
standing. ‘Suffice it to say that the actual surplus balance
when sifted out appeal’s to be about $33,009,000, as fully
explained on another page of the Chronicle in the editorial
to

columns.
The disposition of the land receipts is also rather obscure,
and it is not clear as to just how the money is used in retiring
bonds.
No details of the matter are given.
The annual report opens, as usual, with a summary of the
income account for the year, substantially as follows:
Total gross earnings
Operating expenses and taxes
Net receipts from operations
Deduct for interest on Bends
Rental of Iowa Roads
Rental of Des Moines <fc Minneapolis

$25,020,624
15,140,957

$9,879,€07
RIl..*

$1,527,235
i ,497,187
71,516— 6,195,939

Net piotit for the year
Less sinking funds on bonds

$3,783,727

Balance of profits
Tho usual dividends of 8 per cent on the preferred and 7 per
cent on the common stock were paid, amounting to

$3,700,727

83,COO

Leaving a smplus of
Total amount to credit of ine. acc’t

on

May 31, 1884.;.

2,939,469
$761,258
$9,187,119

“The net amount earned is

equal to 9’30 per cent for the
year on both classes of stock outstanding, exclusive of net
receipts from the land department, which amounted to
$734,756.

'

new

railroad

were as

$1,149,453
560,358
119.573

19,821
90,627
1.56.94L

Aurora Branch Extension, Ill
Princeton A Western Railway Branch
-econd main track, Turner Junction to La Fox. Ill
Second main track, Montrose to Des Plaints, III
Escanaba to Narenta, Mich

233,014
67,527
7.3,184

Norway to Waueedah, Mi< h
Widening narrow gauge line. Madison Division, Wis
54 miles

117,991
19.348
333,103
13.&75

side tracks
spin track

new

Clyde coal

Total for
The amount

new

railroad and second tracks....

expended for

new

$2,954,849

rolling stock during the

year

1,731,248

was

Making the

expended for
and
“

sum

of

new

$4,036,098

railroad, second main track,

new

side tracks

equipment.
Construction account

was

further increased

by the

sum

of

$1,422,339, expended for new works, structures and valuable

improvements
erty." * * “

upon

PURCHASE OF

all the lines, and for additional
LEASED

prop¬

ROADS AND TRIBUTARIES.

.The President refers to the purchase of the stocks of the
leased roads in Iowa (of which tlie details were given in the
Chronicle as they transpired).
The general result is stated
as follows:
“
The total cost of the properties is $27,875,100, subject to
such slight changes as may come from adjustments of small
items of account, remnants of rights of way, &c., and will be

represented by the
Amount of bonds and obligati* ns assumed .>
Amount of Chicago A North Western Railway
cent 25 years debenture bonds, at \
ar..iju
Amount of Chicago & North Western Raflway
common stock
:**.

$11,149,600
Co. 5 per
Company

1,938,000
14,757,500

for the whole' 906*39 miles of railroad and the bridge property;
the average cost will lie at the rate of $14,472 per mile in
bonds and obligations and $16,281 per mile in common stock:

total, $30,753 per mile.
“

The payment of this stock will be made to the three Iowa
companies as follows: To the Chicago Iowa & Nebraska Rail¬
road, 58,743 shares; to the Cedar Rapids & Missouri River
CAPITAL STOCK.
Railroad, 68,504 shares: and to the Maple River Railroad Com¬
By consolidation of the Elgin & State Line Railway and
20,328 shares; being at the rate of one and one-half
pany,
of the Chicago Milwaukee & Northwestern Railway with the
shares of Chicago & Northwestern Railway common stock for
Chicago & Northwestern Railway, as described in the last one share of
Chicago Iowa & Nebraska Railroad stock, and
annual report, an increase of common capital stock to the
one share of Chicago & Northwestern common stock for one
extent of the capital of these two companies, amounting to
share each of the other two Iowa companies.”
*
*
*
$9,765,100, was made during the year, and the further amount
The annual charge to the Chicago & Northwestern Rail¬
of $1,000 of common stock and $1,000 of preferred stock was
issued for conversion of Peninsula bonds ; this stock, together way Company, by assuming the bonds and obligations of the
with the residue of former issues made in consolidations of purchased properties, and by paying 7 per cent on the new
“

proprietary roads, amounting in the aggregate to $10,006,300
of common stock and $1,300 of preferred stock, is unsold and
in possession of the company.”
*
*
*
BONDED DEBT.

The total bonded debt on
Amount on May 31, 1884

May 31, 1883,

was

$69,821,600
80,891,000

stock to be issued therefor, will be less than the amount of
rental now accruing under the leases, after deducting the net
income derived from the business of the tributary roads.
“The stockholders, at their June meeting, authorized an issue
of six million dollars five per cent twenty-five year deben¬
ture bonds of the Chicago & Northwestern Railway Company,

are to he used at par in the payment for
purchases, and the residue used from year to year, as
A s follows:
they may be required, in payment for construction of double
Balance of $10,000,000 5 per cent 50-year debenture
track and necessary improvements' upon the company's roads
bonds issued iu pure base of stock of the Chicago St. Paul
and property, and for equipment, for which purposes no other
Minneapolis & Omaha Railway
$8,500,000
Seoond half of $2,eG0.o< 0 of Dak. Cen. R’y 6 p c. 1st m. gu.
1,000.000 provision is made.”
Ottumwa Ceil. Falls A St. P. R’y 1st m 5 p e. 2 .-year bus gu.
1,600,000
During the year the company has undertaken the construc¬
Chic. & North WesL’n 5 p. c. sink, iund bonds of 1879, issued
tion of a railroad in Iowa, through the organization of the
at $15.0(0 pfcr mile, on account of new railroads
370.000 Ottumwa Cedar Falls & St. Paul
Railway Company, which
Total
$11,470,000 corporation it owns anil controls, and the work has far pro¬
Less Win. & St. P. 1st m. 7 p. e. bonds, retired and canceled,
4'.’0,000 gressed towards completion. The line was located to connect
with this company's main line at Belle Plaine, and thence
Net increase
$11,070,0.-0
southwesterly to the coal mines of the Star Coal ])Iining Com¬
“Deducting the $8,500,000 of 5 per cent debentures issued
pany, about forty miles' distant, thence to this company’s
for account of Chicago St. Paul Minneapolis & Omaha Railway
mines of the Consolidation Coal Company in Mahaska County,
stock, and we have $2,570,000 as the net increase of bonded about sixty-four miles from Belle Plaine. The road is bonded
debt made during the year for construction and equipment.
with $1,600,000 first mortgage 5 per cent bonds, running
Besides these issues there were changes by substitution of
twenty-live years from March 1. 1881, which are guaranteed
long bonds for other bonds paid off or retired to the extent of by the Chicago & Northwestern Railway Company.
*
*
*
$831,000, but with no increase of bonded debt.”
LAND REPORT.
“Against these bonds was issued the same amount of Chicago
The report of the Land Commissioner shows that the sales
& Northwestern consolidated sinking fund bonds, maturing in
1915.
An issue of $150,000 of 6 per cent Aurora Branch bonds of lands during the year amounted to 140,076*34 acres, and
was also made for the construction and extension of the Aurora
1,573 town lots, for the total consideration of $731,756. The
Branch in Illinois, but these bonds are in the treasury, and cash receipts from sales, annual collections on contracts,
interest, etc., were $706,784. The number of acres now under
appear in the balance sheet as bonds on hand.
Increase

“




$11,070,000

$1,968,000 of which
these

THE CHRONICLE,

156

390,086, and amount of land unsold remain¬
ing in all the grants is 1,456,148 acres. Receipts derived from
sales of lands and lots are not embraced in the net earnings of
the railroad, but are placed to'the credit of land income
account in the general balance sheet of the company.
The quantity of land sold from the different grants was as
follows : From the Minnesota grant, 104,687 acres, for #404,646, an average of #4*43 per acre : from the Michigan grant
(including the grant acquired by the consolidation with the
Menominee River Railroad Company), 23,986 acres, for. #64,521,
an average of #2*09 per acre ;
from tlie Wisconsin grant,
11,402 acres, for #60,613, an average of #5*31 per acre. Total
sales, 140,076 acres.
There remained unpaid on contracts for lands, lots, &c., in
force at tlie end of the fiscal vear May 31, 1884, the sum of
#1,111,919.
contracts of sale is

Vol. XXXIX.

feature in the Central Pacific

reports lias been dropped out—
namely, the statement of the receipts and expenses for the
half-year ending June 30. This was always given in the
reports prior to 1886, and was the only live thing in them, the
rest of the matter being merely historical.
The President’s report says of the year 1883: ‘* The business
of the company for the year fell short of the usual favorable
showing. The anticipation of a general drouth in the earlier
months of the year cut down the revenues, which were not
wholly made good by the earnings of the later months.
Nevertheless tin* net earnings were sufficient rto meet the'
ordinary expenses of operation, interest and sinking fund re¬
quirements, and to pay the customary six per cent dividend
with

only a slight draft on the accumulated surplus from
previous years. Besides the redemption of the *4 land grant
bonds” with the proceeds from land sales, the increasing
A CUE AGE STATE M ENT.
amount in the sinking funds provided for the redemption of
A eves yet
Act es under
the remainder of the company’s bonded debt at its maturity
contract.
for sate.
Xante of (/rant.
2fay 3 L, 1*81. has reached such dimensions as to call for yearly payments
May 91, 1884.
Minnesota grant
085,577*7712 amounting to a considerable portion of the net income.
319,3<-S*1
Dur¬
461.817*11
Michigan grant
38,593*57
ing
the
year 1882 the amounts applied toward the reduction of
Wisconsin grant
308,723*64
2,185*.0
the debt (including the payments into the sinking fund in the
Total
390,086*93 ki
1,456,148*52^ U. S. Treasury) were no less than the sum of #2,588,680; and
The comparative statistics of operations and financial condi¬ for 1883. the sum of #2,334,008.”
On the first day of July, 1884, the “State Aid bonds,”
tion, prepared in the usual form for the Chronicle, will be
amounting
to #1,500,000, became due and were paid. On that
found in the tables following:
date the amount accumulated in sinking fund No. 2, provided
ROAD AND EQUIPMENT.
for the
1881-82.
1882-Si:J.
1880-81
1883-84. annual payment of these bonds, was $1,197,937. This relieves the
requirement hereafter of #50,000, the amount which
Tot. miles op. r’d.
3,581
2,778
3,278
3,763
has each year been set aside from the earnings of the company
039
578
47(5
Locomotives
558
327

305

16,072

17,9 42

274

3 33

i

Freight cars
All other

cars

449

424
18,089
394

20,100
135

OPERATIONS AND FISCAL RESULTS.

1880-81.

Operations—
Pass’gers carried.

1 **82-83.

1883-84.

7,908,500
218,856,303

8,0.3,183
250,386,3 89

1881-82.

4,482,317

Pass’ger mileage. 164,333.508

0.754.7 L7
205,574.178

Rate p. pass. p.m.
Fr’glit(tiis) mov’d[

2*53 cts.

2*52 cts.

Av.rate p.ton p.m

1*47 cts.

,

2*46 cts

2*40 cts.

6.662.112
8.190,803
7.874,005
8,453,991
Fr’ght(tns) mil’ge‘980,522,774 1192,188.039 1183,829,358 1350,173,773

Earninys—
Passenger
Freight

.

.

1*47 cts.

1*42 cts.

$

1*31 cts

$
4,158,130
14,41 4,151
701,791

5,171,423
17,525,134
988,099

6,119,616
16,894,352

$
0,153,071
17,077,806

1,007,867

1,189,687

19,334,072

23,684,650

24,081,835

25,020,024

(

3,574,419

<

1,780.140
6,756,517
522,558

3,372,994
2,322,099
7,758.1 58
018,785

3,590,917
2,418,297

12,639,634
11,045.022

14,072,510
10,009,319

15,140,950
9 879,008

.

$
'

Expenses—
Maint’m
*•

of waj
ears. A •

> 9,979,619

liiis.e 0

Tr ausp’n A
Taxes

t

446,202

Total

.

Net

earnings

P

op.ex.to earn,

c.

)

c

10,425,821

8,908,251
53*92

53 37

8,429,12 l
672,021

58*44

60*51

INCOME ACCOUNT.

1880-81.

8,908,251
$
.

.

1882-S3.

Tot.disbTsem’ts

Balance.surplus

10,009,319

1,384,732

11,045,022
$
1,560,618

3,047,897

3,999,20*

2,420,273

2,580,037

7

74
04

0

.

1883-84.

2,890,337

2,939,469

1880

15,7-0,S9«»
18.7o,850
18,917.81
10,442 405

s

7

8,818,038
1,161,281

9,118,408

2,791.439
EACH

Total
Liabilities.

200,000

2,913,219

2.291.340
1.700,008

1,245,918
2,520,482
2,710,198

1,321.000

1.525,000

; $15,095,924 : $10,229,910
Stock, prelerred
22,153,119
22,323,190
Stocks of propriet’ry roads, Ac
22.883,150
22,403,400
64.248,000
Bonds|| (See Supplement)
69,821,000
Bonds purchased
306,000
400,000
Divid’ds declared, not yet duo
971,185
1.023,400
*

1,321,000

2oo,0» >o
"508,020
t 20,323.3 j 3
73o,00 »

1,192,020
2,205,359
1,904,098
1,730,002

Uncollected coupons, Ac
Rentals of roads in la., not duo
Bonds unsold
Note of Consol. Coal Co
Laud income
Accrued interest not due
Miscellaneous
Balance income account
Total

22,325,45;*

22,550,100

1,730,000

1,965,653

74,829

1,880.317

82.008

439.935

530,364
284,000
300,000

80,051
502,543
310,000

407,000
089,53 1
675,430
4,098
7,264,582

1,033,565
075,305
66,001
8,425.803

275,000
2,938,6 75
0 / djJDt)
9,187.120

$139,139,871 $147,210,021 $171,051,394

*

Consol, sinking fund bonds. $100,000; -general consol, gold bonds,
$12,000; bonds of sundry proprietary roads. $180.020; Am ora Branch
bonds, $150,000
t Chic. St. l\ M. A O. stock, cost, $10,315,059; C. A
N. W. com. stock, $10,000,348 ; pref, 1,33 1.
;Noi including amount in company's treasury*
H Including bonds in sinking funds.

Central Pacific Railroad.

report of this company for the year 1883 lias
just been issued. As a matter of form this is good^ hut as a mat¬
er of practical use for stockholders the
report would he vastly




in

March,

as

no

doubt it might be.

V,•)'<((/(',
tes O/tcr.

The best

24,744,421

$30,51 7, <70

$L 12,162,0.).'/

ALL LINE 3 OPERATED

Amount

Cross

Earnini/s.

.217 87 $13,1 <9,402
1,217*87
2 7*20
115*41
30 42
27*00
1 (V83
149*10

Independence
Northern Railway

3 i,

Sacramento A Placervil.c
Stockton A Coupcronoiis.
So Par.of Cal.(oxc. Col. 15)
So. Par. of Cal.. Col. Divh;
So
Pae. of Arizona
So. I’itc. of New Mexico..

of

Rem tats.

$6 1,300

71

12,090

1,290,351
3,171
75,460

600.000
25,576

<

for

1883

y

20,196

1,917,538

465.535

72o,58.)
20,356

167,465

'

4 9*00

1 12,348

552*85
20 4*23
3*4*25
171*06

3,8 ■'0.065
: 259,802
2,4 45.429
790.756

Xet Profit
Loss to

or

Cent. Cite.

$7,123,135
*

55,869
1.295

*

10,171
703.317
376.135

7,00
25,0 >0

1,650,600
307,547

30,363

195,236
*

33.38 4

32,773

4*951
5*0!

San Pablo A Tulare

9,003
!3
3 3 >,341
234.2 11
3 2, l

*

634.355
286.205

790,597
133,912

1,998*09 $24,744,421 $4,329,343

$9,173,820

f/iRS.
n

of the 0falveston II r-n isbimr A ? an Antonio

Railway .operated by.this company from El Paso to Lozier, Texas, was
canceled on Feb. 1, 1883, upon the opening of the through line to New
Orleans.
| This division was operated under a
enis led into with the. expectation t.nat

temporary or •provisional lease,
it. was to he opened early in the
yearns a link m the through rJ hirty-iifth Parallel Transcontinental
Route.
Owing to delays by tm* connecting lines, it was not opened for
through trailic until near the close of the year ; and reclamation has
been made upon the lessor company, upon equitable grounds, to be
n L used from the burden of this arrangement for 1883, which claim is
still pending adjustment.
The following tables, compiled for the Chronicle, show the
statistics of operations and earnings and the general balance
for three years past:
OPERATIONS AND FISCAL RESL'LTS,
1 882.
1881.

Operations—

Faxs’gers can iod (not inel’g t'ei ry)
ir lvight (tons) moved
I

1,585,317

1,793.355

2.7J7,173

3,109.09 ;

2,193,8
4,1*80,370

Is 83.

2,048.7 12
2,883,9 4l

Local

$
2 048.090
4.0 44,738

ight—Through

3,423, 99

Local
Mail, express and

18,118.0 10

3,902,105
12,840,777

1,559,133

1,885,059

9.758,136
1,805,625

21,094,100

25,052,757

21,744,421

%

PussengeY—Through

The annual

.

Total.
$17,153,103
20,508,113
24,094,101
25,662,757

STATED SEPARATEE’i.

Los Ang. A

Eurninys—

(For the year ending December 31, 1883.)

otter if issued

Xante of Road.
Cent. Rae. (incl. Bcrk.Br.)
Aniador Branch
California Pacific
Gitl. liar. A san Ant 1
Los Angl ic* A San Deign.

‘ T/trovi/h.
$ .,<'28,524
4.727,223
5,714,240
0.745 47 1
8.302,016

,0 i5,078

1.027,772

1,525,000

-

ENTALS OF

80,891,000

401,774

2,141.311

1883

1

common

Real estate, mortgages, Ac
Current bills, pay-rods, Ac

18-1
1x82

FISCAL YK AR.

$139,139,871 $147,210,021 $171,051,394

Sinking funds paid

Local.

irs.

701.200

1882-83.
1883-84.
$80,420,032 $102,710,425
55,008,872
39,480, v-16

1.242,033

years:

$12,124,039

8.253,583

Cash on hand
.-Trustees of sinking fund

-955,114

for 1883, including income
Chronicle, Vol. 38, on page
646, further statistics are given below.
'
The following is a statement of the gross earnings received
from local anti through traffic respectively for the past five
Ye

7.551,022
1,357,229

Materials, fuel, Ac

hand Dee. 31, ls83

ls79

83,0 i()

1881-82.

on

A summary of the statistics
account, was published in the

4,527.235

8
7

$70,759,5 49
54,679,521
200,000
865,819

Cash

4,288.033

98,120

Assets.

investment of most of these funds:
4,271 b mds Southern Pacific of California 1st mortgage... $1,271,000
2<>3 bonds South, Pacific of Arizona, 1st M. ($10,000 each)
2,030,000
80 bonds. Central Pacific RK. Co.,C. A O. liiv. let molt...
89,000

1,568.701

98,120

Chic. A N. W. —Road & equip..
Other companies
do
Real estate in Chicago
Ronds owned
Stocks owned
Land giant investments
Rills and accounts receivable.

Stock,

9,879,00 8
$

$
1,570,948

98,120

GENERAL BALANCE AT CLOSE OF

The new construction and equipment of the company’s com¬
pleted roads and the work on the extension of the Oregon
Division have required during the year expenditures amount¬
ing to #2,169.808, of which the extension of Oregon Division
called for # 1,515,542.
‘‘These expenditures have compelled an increase of the
floating debt in 1883 as compared with the previous year,
which appears in the table of liabilities of the company, under
the heads of' hills and accounts payable and demand loans.
The amounts represented by the extension of the Oregon Divi¬
sion it is proposed to convert into a corresponding amount of
the issue of lirst mortgage bonds.”
The amount in the sinking funds of the company was, on
Dec. 31. 1883, #6,933,044.
The following statement shows the

,

1881-82.

Receipts—
Net earnings
Disbursements Rentals {.aid. ...
Interest on debt.
Dividends
Rate on pref
Rate on common
Miscellaneous....

for this fund.

Fi t

miscellaneous.

Total gross earnings

s-.

->

2.807,054
5,o4s,?72

5,174,834

August 0,

THE

1884.]

CHRONICLE.
due

18*1.
$
13.859.307

16,067.183

15,570,601

720,120

1,034,583

1,079,671

Total expenses
Net earnings
Perot, op'ngexp. to carn’gs (ex-

.14,579.427

17,101,766

9,514,673

8,560,991

16,650,272
8,(94,149

clud’g taxes and misccTs oxpV)

57-52

G2-60

02-93

Expenses—

Operating

expenses

and rentals..

Taxes and miscellaneous

r

1883.
$

1882.
$

1881.
$

Real estate

Shops and mneliimrv
St eamers and 1‘errvBoat
Stocks and Bonds owned..
Bills and accounts receivaBle

3,897.296
2,792.000
643,255
4.810,0.-9
6,746,66 4
155,772

Materials, fuel, Are
Ca-h

on

OS 1,988
253,1 20
1,423.14 L

767,(578
160.128

hand

Sinking funds
United States accounts

Furniture, teleg. instrum’ts, Are

..

Total assets
Liabilities-

June.
Gross earnings

Operating

320.950

Funded debt (see Si i-plement)
Government Bonds
Bids and accounts pavaBle,

..

$
59,275.500
54.917,000
27,855,680
4,490,481

Hospital fund

155,772

$

$
59,275,500
54.199.000 53,625,000
27,855,(580 *27,855,080
4,950,757
7,709,757
42.817
104,123
584.771

920.090

7,57 5

916,519
12,288

20,497,807

23,071,599

955,144
84,243
24.978,988

Total liabilities.2

Louisville

&

Gross.

July 1 to Dec. 31.
January
April
Mnv
June

ME. 6 Of road

opernt’il.

2,328
Gros* car imgs
$1,254,020
Op. c. p’s ( x. of tux.)
801,533
Net earnings

r—G inns.
1894.

s

Jan., to June.
IS S3.
2,219

2,219
$1,261,0*5
550,950

$7,646,945
4,110,875

$7,368,994

$710,134

$3,535,940

$3,72S.076

$452,495

2,312

3,640,317

Central Pacific.—The Governing Committee of the Stock
Exchange lias listed $1,000,000 of new bonds of the Central
Pacific'Railroad, known as California &■ Oregon series B

bonds, which'represent forty miles of
structed

ou

new

the C. & O. Division.

road recently con¬

pany's lines for June and the six months to June 30

com¬

were as

follows:
June.
l

Gross earning*

Expenses.

v

Qy j

.—6

inns.

Jan. 1 to

Yeas.
:

..

36,695
100,648

July 1.—.

$1,937,916

$11,016,021

$11,405,203

993.228

6,457.051

6,023.656

348,872
479,118
459,068

Naus.
2.4oO
63 90
200

until the

case is decided
by that tribunal.
New York Lake Erie & Western.—The statement of gross
and net earnings for June and for nine months of the fiscal
year is given below, and the gross earnings this year include 08
per cent of the earnings of the New York Pennsylvania &
Ohio leased line, the other 32 per cent of the
earnings of that
line being paid as rental. The net earnings are correct, and
show the actual results to the N. Y. Lake E. & West.
Company.

Grass

Earninqs.-

1883-84.

Oct, 1 to March 31.$10,974,841

April
May
June

....

Total 9

nios

-Net larninqs.
1882-83.

1882-83.

1883-81.

,

$9,834,691

1,727.434
1,615,364
1,569,568

$2,309,411

1,548,474
2.055.U8S

39M64
294,573

2,057,517

312,75.5

615,724

$15,887,207

$15,496,700

$3,309,203

$1,603,414

1S A3

-IS^4

$2,077,182
1,064,441

394,288

74,976

51,192

.

Chicago Burlington & Quincy.—The earnings of this
,

1,090,706

4

322.890
451,292

$6,500,000 Metropolitan Elevated Railway stock at $110,
$7,150,000; $13,000,000 Manhattan “old" and “common'’ stock at
$85, $11,050,000. The $14,098,910 has already been issued in
exchange for $3,370,300 New York stock, $1,478,700 Metro¬
politan and $9,900,800 Manhattan exchanged.
Memphis & Little Itock.—At Little Rock, Ark., Aug. 7,
in the LTnited States District Court,
Judge Caldwell ordered a
decree entered turning over the Memphis & Little Rock Rail¬
road to R. K. Dow and others, as trustees for the
mortgage
bondholders. An appeal was taken to the United States
Supreme Court, and the present receiver remains in charge

Atchison Topeka & Santa Fe and Southern Kansas.—The
earnings and expenses of these roads for June, and for the
six months from January 1, in 1883 and 18S4, are as below:
1*83.

421,175
358,295

403.455

188,535
9,290
The Governing Committee of the Stock Exchange has
placed
on the list $14,093,910 of the
$20,000,000 consolidated stock of
Manhattan Railway Company, which is to be issued in
exchange for the following stocks as they are surrendered :
$0,500,000 New York Elevated Railroad stock at $120, $7,800,000;

GENERAL INVESTMENT NEWS.

June.

1,141,337
947.450
3,062,348

$2,672,071
.

Totnl vote

date outstanding bills receivable to the amount
The actual sales in 1883 were 379,787 acres, for

1884.

303,4 42
302,304

Manhattan

REDEEMED.

reducing the funded debt of the company $574,000. The trus¬
tees oil' January 1, 1S84, had cash available for the further
redemption of bonds, to the * amount of $926,090 : and there

/

1,014.807

New York

The cash receipts of the land department during the year
till accounts amounted to $945,115.
The trustees of the
land grant mortgage redeemed during the year 574 bonds,

•

$3,272,847

$13,235,916
$5,527,327 $5,130,766
Elevated.—The merger agreement of the
elevated railways lias been ratified by a
large majority of the.
shareholders of all the companies. The vote was :

on

same

$6,860,533
1,118,735

,

1S82-83.

Manhattan

Metropolitan

at the

Net.

1883-84.

Total for year. $14,351,110

etc.

$1,032,388.
$880,059.'

$3,3 71,207
2,177,221

464,542

>

1882-83.

$7,794,865
4,039,317
1,015,431
1.187,738
3,125,291
1,156,109
1,032,359

February

The interest accrued upon these howls issued to the Central and
Western Pacific Rfi. Companies amounted at that date to .+25,90(1.171,
of which $8,532,462 liad been re-paid hv transportation, cash and U. 8.
sinking fund. The balance, $’ 7.124.011. is not due and payable by the
■company until the maturity of the principal of the bonds (average July
1,181)8); the sum of $7,482,191 invested at 0 percent interest would
sutlice to liquidate this*Balanee at maturity;- and this latter sum. rather
than the nominal balance, represents the true burden of this item of
interest advanced by the United States, and not re imbursed by services,

was

2

Nashville.—The gross and net earnings of
the fiscal years 1882-83 and 1883-84, have

1883 84.

'•

of

$3,034,512

424,510

this company for
been as follows:

168,629,241 1 70,976,237 L75,453,219

LAND SALES AND BONDS

$(>78,781

purchase

March
c

+583,797
389,355

equity in the lioosac Tunnel property, including the
Troy & Greenfield Railroad. The price paid is $100,000 for the
franchise and $8 per share for the 25,000 shares of
stock,
making the whole price $300,000.

59.275,500

1(3.922
(51 2,517
8(58.759

Trusties land grant mortgage
Sinking fund uninvested
Unclaimed dividends
ITotit and loss

1883.

of the

168,629,241 1 70,976,237 175,453,219

('apit d stoe.lv

.....

expenses

r-G mos.,Jan.\ to July 1—v
1884.
1883.

v

Is 84.

Net

212.682
6.933.04 t
8 532,463

7,915,914
1 55,772

probably

earnings
$191,4 12
$154,2(55
$569,970
$1,193,986
lioosac Tunnel.—Under authority of an act of the Massa¬
chusetts Legislature, passed in 1883, Governor
Robinson, on
behalf of 'the-Commonwealth, has negotiated for the

1,568.373
4,738,633

5.844,419

will

follows:

759.4 29
254.758

4.091,983

Denver & Western bonds

foreign bondholders committee is in conference with the officials
of both companies, and a plan for
harmony in re-organization
may be reached.
—The gross and net
earnings of the Denver & Rio Grande
RR. for June, and since Jan. 1, in 1883 and 1884, have been as

$
$
137,207,564 138,5 5 3.455 140,498.822
8,065.866
8,224,701
8,204,75<>
1,541,461
1,518,073
1,556,522
1,834,8*5
2.010.420
1,954.239

Equipment

on

The D. &R. G. Western lias therefore renewed its
application
in the Utah courts for a receiver of its road.
Meantime the

18*3.

18*2.

September 1
paid.

not be

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

Assets—
Railroad. Buildings, Ac

157

$2,887,666
468,970
(31,054

New York & New England.—A comparative statement of

earnings and operating expenses of the New York & New
England Railroad for June, and for six months, in 1884 and
Chicago A' Eastern Illinois.—President Stevens has issued ] 883, makes the
following exhibit:
a circular, in which lie
says: “The offer by the company is as
-June.
Jan. 1 to July 1.
follows: Parties holding income bonds can, by sending them
1884.
1*83.
1884.
*
18-3.
to the Central Trust Company,
$283,530
$306.(590
$1,591,491
$1,665,312
New York, or to the Globe Na¬ Gross carnn :a
243,175
1,297,31 1
1,502,995
tional Bank. Boston, receive
therefor an equal amount Operating expenses 215,36 4
Net

earnings... $1,012,741

$914,CSS

$‘>,158,970

$5,381,517

s

at

par

value,

of first consolidated mortgage bonds,
years tomn, the first coupon on which is payable
Income bonds must be presented in amounts of $1,000,

having 50

Oct. 1.

multiples thereof, as no small consolidated bonds have been
Parties holding less than $1,000 of income bonds will
please send their address to the President, stating amounts
held by them.
The above proposal is deemed to be fair and
equitable as between the company and the bondholders, for
notwithstanding they, 7>y exchanging, will make an apparent
loss of interest from Dec. 1,1883, in reality they will gain,
or

issued.

<is

they will receive

more than the one

a new

bond worth from 10 to 15

they will give

per cent

.The company gains by
making tlie exchange the difference of interest, and extends
its debt about twenty-five years longer.”
up.

Denver & Rio Grande—Denver A Rio (Sramie Western.—
The receiver of the Denver cS:R. G. does not recognize the 1 ase
of the Denver & Western
of that company's bonds.
& Western under

Net earnings

$68,166

/

$63,515

.

294,183

162,317

Oregon Trans-Continental.—The directors of the Oregon
Trans-Continental Company have decided to issue a collateral
trust bond for $12,000,600, bearing 7 per cent interest, and
running for ten years, with a sinking fund. These bonds are
i;o be used in taking up the company’s
floating debt, which
aggregates about $11,200,000. The issue is contingent upon
the company's ability to get back its securities, which were
Maced in trust against the option on the $S-.0O<),0u() loan.
These securities, with others held by the company, will make
up the collateral which secures the bond.
This proposition
will be submitted to stockholders soon.
Oregon Trans¬
continental people are now endeavoring to obtain the consent
of holders of tlie opt;on loan to accept this bond, and it is
doubtful whether the consent will be
“

given.

Philadelphia & Reading.—The Philadelphia J’ress says:
The Reading Railroad Company has defaulted on the coupons

attention to the guarantee
The receiver is running the Denver of the second series consol 5s, due in August. When the coupons
temporary agreement, by which that road are presented at the company's office Jhe answer is that no
receives a pro rata revenue for through business and pays the provision has been made for their payment. The bonds out¬
Denver Company for the use of rolling stock. The interest standing amounted to something mere than $1,600,000 last




nor

pay

THE

158
November, when the annual report was

CHRONICLE.

written, and some of

supposed to be held by the Reading Company, or put
up as collateral on loans.
There is as yet no provision for the
payment of interest on the incomes or adjustable scrip. Hol¬
ders of the latter will make the necessary notice to the trustees this week for the sale of the income bonds by which they
are secured at the expiration of 90 days after default, or Octo¬
ber 1. It is unofficially stated that the money will be paid on that
date, and that it wilfnot be necessary to sell the income bonds.”
Pittsburg Fort Wayne k Chicago.—A press dispatch from
Pittsburg, Pa., Aug. 5* said that the answer of this company
admits the expenditure of certain sums of money by plaintiff
for various improvements, but denies these expenditures date
from the time the lease was made, or that they aggregate so
large a sum as $10,668,413 15, and states that an agreement was
made that the defendant should issue certain guaranteed special
stock in payment for improvements, and that they had complied with the requirements. In conclusion defendant claims
that the plaintiff is not entitled to the relief, &c., prayed for.
for various reasons ; the principal of which is that if granted it
would enable the Pennsylvania Railroad Company to establish
a monopoly contrary to the rights of the public.
Rochester & Pittsburg.—At Rochester, Aug. 4„ notice of
pendency of action and complaint were tiled in the suit of the
Union Trust Company of New York against the Rochester &
Pittsburg Railway Company on $2,015,000 issued out of
$4,000,000 second mortgage bonds, covering the entire property
of the company.
Of this sum $1,132,500 is alleged .to have
been sold ati<l $1,IS?,000 pledged by the railway company to
secure the floating debt.
The suit is brought to foreclose the
second moitgage and sell the road, as default lias been made in
the payment of the interest due Aug. 1.
—A meeting of stockholders of the Rochester & Pittsburg
Railroad is soon to be called for the purpose of considering a
plan of re-organization.
A plan has been prepared which
provides for a change of the name of the road to the Buffalo
Rochester & Pittsburg. The re-organized company will have a
capital of $10,000,000 common and $5,000,000 preferred stock, if
this plan is carried out.
The present holders of the $20,000,000

those

jVOL. XXXIX.

'gkc Commercial jinxes.
COMiTERCIAlT^^iTTOMEr-

are

|

Friday
There has

j
i

j

j
!
j
i

|
j

been this week

a

Night, Aug. 8, 1884.

falling off in the speculative

spirit and in the activity in the general markets, prices of lead¬
ing staples of agriculture showing a material decline, affecting
unfavorably the whole commercial situation. There is an
impression that movements in anticipation of a satisfactory
autumn trade have been a little premature, and the re-action
in feeling shows itself in various ways.
Trie extremely con¬
servative course of the banks in respect to advances to move
the crops is causing some comment and complaint.
The
weather has been.rainy, doing much good at the Southwest.

speculation in lard futures was quite active early in the
week, and prices advanced smartly : but yesterday a re-action
set in which continued to-day, and the closingfigures this after¬
j
noon were 7*76c. for September, 7*83c. for October and 7*65c.
for December.
Spot lard has also advanced, closing, however,
somewhat unsettled; prime City, 7*50@7,60c.: do. Western,
j
refined for the Continent. 8• 10(ftS\lf>c. Pork is
] 7'85@7*90c.;
firmer
at
$17 50 for
new mess.
Bacon remains nom¬
j
! inal. Cut meats were active and advanced; pickled
; shoulders,
bellies,
7?g@71£c.;
hams, 12 {;^13c . and
sl4@8)^c.
Dressed
hogs
close
S(3)8JAc.
and
at
Beef
j
beef
hams
very
quiet.
is
at
Tallow
firmer
6^@
j
j 6 5-16c. Stearine firmer at' 9;'\<($9/jo., and oleomargarine at
j 8jq’ta)8/3C. Butter has slightly improved, Ttufc closes quiet at
| 18@24c. for creamery. Cheese is also firmer at G3^@ lO^c. for
j
j State factory, but closes quiet. Eggs dull at 17@19c.
stock will surrender that and receive in exchange $5,000,000 j
The following is a comparative summary of the aggregate
of new common stock—one share for four—without any cash !
exports from November 1 to August 2:
assessment.
The present stockholders will also have the right j
1883-84.
1882-83.
to subscribe for $5,000,000 new preferred stock at 00, thus
Pork, lbs
36,951,000 Dee. 7,151,800
.26,799,200
321,658,888 Dee 46,383,103
>...275,275,785
raising $3,000,000 cash, and receiving with ea'di share of Bacon, lbs
213.377,078 Dee.46,160,377
167,2b>,701
preferred one share of common as a bonus. The cash thus raised Lard, lbs
would retire the present second consolidated mortgage, the car
Total lbs
472,285,686
571,086,966 Dcc.99,701,280
trusts and floating debt, and leave outstanding only $1,300,000
In
old first mortgages and $3,800,000 first consolidated.
groceries the speculation in coffee has been about as flat
The plan
seems to be a good one in principle, and the company would be
as it well could he and retain the semblance of a market.
left in excellent shape in the possession of its stockholders.
Rio on the spot, however, has shown more activity, and for a
Spartanburg & Asheville Extension.—A correspondent in time raw sugars were decidedly more active. As a rule prices
Charleston, S. G., writes to the Chronicle in regard to a
are not materially changed from last week.
To-day fair car¬
recent article on railroad extension in the South.
“One
important unfinished link has evidently escaped your notice. goes of Rio were quoted at 9%c.; options advanced 5 points
That is the stretch of road between Hendersonville and Ashe¬ and closed quite steady ; August, 8(a>8‘05c.; September, 8*05@
ville, N. C. The Spartanburg & Asheville Railroad runs from 8*10c.; October, 8T5@8*20c.; November, 8*20@8*25c.; Decem¬
Spartanburg, S. 0., to Asheville, N. C., and is seventy-five
Iu mild grades nothing of interest has
miles long.
The road from Spartanburg to Hendersonville ber, 8’25@8*30c.
was completed six years ago, and is now in operation.
The transpired. Molasses is also dull at 18c. for 50-test Cuba
portion between Hendersonville and Asheville, about twenty- refining. Rice sells .only in a jobbing way at unchanged
live miles, still remains unfinished. Can anyone explain the
figures. Raw sugars continued steady at 4 11-1G@5 l-16c. for
cause? We await a reply.
The county of Buncombe, N. C., fair to
good refining Cuba. Pernambuco sold at 4 l-16c.; Cen¬
of which Asheville is the county seat,
subscribed in 1874
trifugal,
in bags, 5 ll-16@5%c. On ’Change, fair for Septem¬
$100,000 in 0 per cent county bonds to-the Spartanburg &
Asheville Railroad Company, on the understanding, implied if ber sold at 4’82^c. and October 4'973^@5c.
Refined steady at
not expressed, that tlie road would be pushed vigorously 65o@7)^c. for hards and 6%c. for standard “A.”
forward through their county to Asheville.
About half the
Kentucky tobacco has had a better week, both for specula¬
line has been graded, and there it stops.”
tion and export. The Spanish and French government con¬
Toledo Cincinnati & St. Louis (Iron Division).—The Iron tracts for 2,500 hhds. have been filled, and to-night lugs are
Division of the Tol. Cin. &St. Louis road, lately re-organized as strong at 7@ 8c. and leaf at 8%@ 10c. December options brought
the Iron Railway Company, has issued new common stock in 7^e. and September 7 7-16c. Seed leaf tobacco has continued
exchange for the first mortgage bonds. Tiiere were $500,000 inactive, and the transactions for the week are limited to 350
The new stock covers these, the two years of cases Pennsylvania, 1882 crop, at 9@15c.; 243 do., 1881 crop,
of these bonds.
overdue interest, and the assessment on the bonds required to 6@12o.; 400 cases Ohio, 1882 crop, 9(a) 12c., and 100 cases Wis¬
meet the cost of foreclosure, &c., so that every holder of a consin, Havana seed, 1883 crop, part 45(<c50c.; also 350 bales
$1,000 bond gets $1,170 in new common stock. As the total
issue of stock is $000,000. there will remain $15,000 of stock in
the treasury.
As re-organized, the Iron Railway is a road
without fixed charges.
—The income bondholders
*

are making an effort to prevent the
wiping out of their bonds, and have issued the following notice:

Boston, Aug. 4, 1881.

The public arc hereby notified that the Iron Kail way company, a
re-organization of the Iron Kailmad Company, so called, organized, as it
is presumed, to issue its
stoow^or the fn>t mortgage bo; ds of the Iron
Railroad,
State

•

f

a

corporation

Ohio, northward,

op^^kring a railroad from Iron.own, in the
oa.^^tain no legal title to file railroad prop¬

er!}'or franchise of the Iro

liltoad, and that proceedings will be
scind the sale recently made to a committee of the first

instituted to r,
mortgage bondholders, winch committee, it is presumed, lias trans¬
ferred the said property to said new corporation, or is proceeding to do
so.
An1 person purchasing the stock of said newly-organized corpor¬
ation will do so with full notice that the corporation can have no valid
title to the railroad or property until the rights of the second mortgage

j

The

.

Havana,-80c.@$l 15, and 200 bales Sumatra, $1 20@$1 70.
In naval stores little or nothing has been done either for
speculation or export and spirits turpentine closed at 31
32c. on the spot, and strained to good strained rosins, $1 20@
$1 25. Refined petroleum has been more active in sympathy

with the foreign advices and 70 Abel test to-night is firm at
8%e. Crude certificates have had a boom and only to day were
there indications of a realizing movement which broke prices
from 80%to 78J^c., with the closing figures at 79c.
Hops,
notwithstanding the reports of short crops on both sides the
Atlantic are dull at 28c. for the best State 1883’s.
shown more activity, but metals continue sluggish.

During the week the movement in ocean freight

Wool has
room

has

continued fairly satisfactory, both in berth and charter accom¬
modation.
All rates are steady, and many believe that a

brighter outlook is before them. To-day grain was taken to
Liverpool by steamer at 6d. per 56 lbs.; bacon, 80s.; cheese,
Virginia Static Bonds.—The amount of bonds surrendered 42s. 6d.@45s.; cotton, 13*64d.; grain to London by steamer,
up to Jan. 1. 1884, was $2,854,073, and the amount since that 31£(a)3%d.; grain to Glasgow by steamer quoted 4}^d.; beef,
date $2,558,889, making a total of $5,412,902.
The amount of 4s. 6d.; bacon, 25s.; butter and cheese, 45s.; flour, 16s. 3d.;
three per cent bonds issued in place of the securities surren¬ grain to Rotterdam by steam, 12c.; do. to Antwerp, quoted
dered is $3,434,998.
Of the whole amount surrendered 6h£c.; crude petroleum to Marseilles, 3s. 6d.; refined do. to
$372,720 has been in consols and consol coupons and $629,400 C iristiana, 3s. 9d.; grain by steamer from Baltimore to Cork
in 10-40s and 10-40 coupons, making a total of $1,106,697 tax- for orders, 4s. 4%d.; refined petroleum to Stockholm, 3s. 9d.;
receivable bonds and coupons up to date—about one-fifth of cases to Bangkok, 33c.; crude to Rouen, 3s. 6d.; cases to the
bondholders are

adjusted.

the whole amount surrendered.




Levant, 20c.

August 9,

1884.J

THE CHRONICLE.
COTTON.

In addition to above
exports, our
the following amounts of cotton telegram to-night also give
on
shipboard, not cleared,
at the ports named.
We add similar
figures for New York,
which are prepared for our
special
use by Messrs.
fc Lambert, 89 Broad Street.
Carey, Yale

Friday, P. M., August 8, 1884.

us

The Movement of the
Crop, as indicated by our telegrams
from the South
to-night, is given below. For the week ending
this evening (August 8), the total
receipts have reached 3,‘3G3
bales, against 4,283 bales last week, 2,800 bales the
previous
week and 3,810 bales three weeks
since; making the total
receipts since the 1st of September, 1883, 4,808,030
bales, against
5,950,200 bales for the same period of
1882-83, allowing a
decrease since September 1, 1883, of

1,142,230 bales.

Receipts at—

]

Galveston

Lndianola, Ac.

Mon.

Sat.

j

lues.

19

19

54

241

27

30

16

Wed.

Thurs.
5

....

....

....

20

109

o

......

Pt.

1

Royal, Ac.

....

«...

Moreli’d C.,Ae
Norfolk

20

20

Galveston......

Norfolk
New York..
Other ports

419

10

75

1

1

55

....

....

.

.

w

6

1

4

cleared—for

None.
.Nolle.

h

NoilcS
None.
None.

2,000

t

^

None.
None.
None.
None.
None.
None.
4,9o0

Leaving

|

1®

o C

Total 1883
Total 1882

141

2,393

....

1

None.

30
20

30

20

None.
None.

461
267

None.
None.

1,475

None.

8,7* O

100

None.

2,10o

129.462
12,352

5,000

191

13,248

176.235

750

2,835

1,300

13,614

321

6,043

260.838
149.525

None, j

1

9,709

|

350
383

4.031)

27,543
3,449

None.

1,226

The speculation in cotton for future
delivery at this market
under review, has been
fairly, active, but at do

tor the week

1

....

!

Stock.

Total.

!

m..

o

None.
None.

3.SuO

Total 1384

139

....

....

....

....

89

j

1

....

....

....

2.257
None.
None,
None.
None..
None.

Savannah

6

1

....

3

....

....

....

79

....

Charleston

Wilmington

....

2

Brunsw’k, Ae.

Orleans....

Charleston

To till

7

5

....

....

Fri.

12

Florida

Savannah

New

twt

Other I Ooastj France. ! Foreign
j wise.

Britain.

r

Shipboard,

I

Great

Mobile

28

....

New Orleans...
Mobile

On

Aug. 8, at—

4

4

1

1 dining values.

;>

!

During Saturday and Monday the Liverpool
closed,
and the only active iniluence was
Ac!
the
3
4-1 weather intelligence from Texas. This was
New York
.*.1
more
40
favorable,
40
Boston
i
4
light rains having fallen. On
28
53
85
Tuesday Liverpool opened
170
Baltimore
weak, and the reports from Texas left little
200
200
doubt that the
Philadelp’a, Ac.;
16
1,045
drought in that State had been relieved by showers in various
1,061
Totals this week!
93
S3?
76
sections, aud on Wednesday a
204
157|
2 ‘263
Sl.395
sharp decline took place
For comparison, we
under a general
give the following table showing the week's
pressure to sell.
Yesterday there was a
total receipts, the total since
Sept.l, 1883, and the stock to-night, slightly lirmer opening, but-a fresh attack was made
and the same items for the
by the
bear" party,
corresponding periods of last year.
especially upon the early months, and a sharp
Idecline followed ; the
1883-54.
1882-33.
close, however, was at a recovery of
Stock.
Receipts to
several points from lowest
This
Since Sap.
This
Since
Sep.
August 8,
ligures,'with a steadier tone. To¬
1884.
1833.
; Week.
1, 1883.
Week.
1, 1882.
day there was a variable and unsettled market,
closing slightly
'■
Galveston
dearer, the next crop improving most, but as
39] 591,683
2,321
841.131;
1.475
5,7 07
compared
with
lndianola,Ac.
!
last
8,498
•290
20]
17,429
Friday 2l(<*>2(> points lower.
Cotton on the spot
New Orleans... U
119. 1,511.966
29.941
04,735 lias met with some demand for home
2,436] 1,667,333
Mobile
consumption, but in
104! 311,312
7o! 253,329
3,419
5,269 sympathy with early futures
Florida
1
declined
prices
1-lGc. on Wednes¬
42,931
4
1
18,148
day and Go. on Thursday; To-day there was more
Savannah
139! 654,401
1,130
812,136
doing
287
for export, and prices were
2,920
i
Brunsw’k, Ac
steady, middling uplands closing
8,034
5,508
at 10 13-1 Ge.
....

.....

1

West Point,

2

....

.

r

....

-

....

*

....

•

....

...

•

•

....

1

....

....

....

....

market

was

....

....

....

•

....

....

—

—

....

....

-

*•

j

.

i

...

Pt.

oj1

Royal, Ac.

417.585

349

13,706

23

566.480
21.624

Wilmington....

!

91,767

85

M’head C., Ac
Norfolk

127,396

4!

12,662

40

19,622
799.027
227,667

1,063

200;

580,054
222,643
108,383
180,115
29,911

1,061|

71,312

229

5;
3}
ioj

West Point, Ac
New York

Boston

ito|

Baltimore

..

..

Philadelp’a, Ac.
Total

15

172
345
800

2,263:4,808,030

138,130
191,337
70,068
112,529

9,706 5,950.260

491

2,985

66 6

1,275

—

......

1,226

......

16,397

......

138.162 147.520

6,310
1,218

6,258

6,480
14,903
6,291

189.483' 274.432

In order that
comparison may be made with other years,
totaks at leading ports for six
seasons.

we

give below the
Receipts at— !

j

Galvest’n,Ac.i
New

}

1884.

1883.

109?

Orleans.!

1882.

2,611

1881.

1,052

1830.

2,078

587

2,281

2,436

539

3,435

814

104

249

204

8avannah....j

499

297

139;

1,430

20

Charl’st’n, Ac;

380

7;

372

257

348

740

b

16

125

no

98

58

15

Wilm’gt’n, Aci
Norfolk, Ac..:
All others...*,
i

Tot. this w’k.
Since Bept.

Sj.

ir •*- -j
2,263]
i

.

1,806

1,513

81

1,078

834

1.629

1,088

1.550

200

2,129

3,109

3,594

591

4.S11

13.062

8,691

3,462

1

]
9,700
1J4 808,030‘5950 260

4665,835 5788,585 4908 575 44
13.502
iuuianoia; Charleston includes Fort Royal, Ac.;
Includes Morehead City, Ac.; Norfolk
includes City Point, Ac.

Craiveston includes

Wilmington
The exports for the week
ending tins evening reach a total
of 10,452 bales, of
which 14,(547 were to Great
Britain, 5
to France and 1,800
to the rest of the
Continent, while the
stocks as made
up this evening are now 189,483 bales.
Below
are the
exports for the week and since September
1, 1883.
Week Ending .1 xuj. 8.

Exported

Export*
from—

Galveston

to—

Exported

’

ConO-

Total

Brifiul***™*

nent.

Week,

Great

'

j
j

....j
Charleston *..4
Wilmington.. |
Norfolk*
New York

!

...j

Baltimore

4Si;

Pklladelp’a.&ci

1.092.

.......

I

nent.

370.791

1,380

57,537

3,704
155.818

13,438

188,717

11! .219 j

24,497

138,008

\2\i

Wed; Tli.
S riot Ord..
Good Ord..|
Str. G’d Ord

Low Midd’g
Srr.L’wMid
Middling...

Good Mid..
8 cr. G’d Mid

Muld’g Fair

Fa:

r

+ Includes exports from West Royal,
Point, Ac.
iVo.

,! 12b

Wed

j

9

9’3,6
103ltt

9

u q«
11 q

11 q

nq
n-q
12b
1 278

ins
liq
12%
1 278

m,e

9q

91316 10316
11 3,.
b,yi«

liq
uq
11

nq

9

1

q,

W’euj
8“>i6 !

8lb«
9q

9:q

nq
nq
12*8

i2q
1 278

27r

w-r

;iiq

lllo
11 iq

12^8

| Fri.

8l3lrt

9b

1

9

97,6
97,0
97,0
ioq
ioq
ioq
1058
losg
105g
1<>78
1078
1078
iiq« m,6 inq«

ioq
105s
1078

'A’b.

MonToe*

1

1278

TU.

Frl.

8*3,0

8*3,0

9q

oq

101,6 101 h 10;; 10 10* 10 10b«
iob« !
10*10 107)0 1
10‘bh ; 10b, 10 b;; 1013Jfi 101 4p 1011m 109,0 107,0 10710
1013,6 10*1,0 101*16
11
10Jiusq i 10^8
10”8
1078 'll
10 78
H>78
10
*
3
1015^1
j e 1O1310;h»|B
1.1*16 1**16 ] 113,0 Hb8 nq*
j
in
n-hft i
m
IH10 117,6 libs iibu 1 1*7,0 11 b0 :1 iiJi6
llbe i
ll5n ! inq« 119.0 1 lyi0 1 lln,6 119,0
1191K
11 ‘;Ji«! lnq* 1U‘1« 121,0
j 11;°1« 11^16 12*,« 11*0,6 HIS,*
12V)ifi 1 1271h 127,0
12 q« 12l>,6
12I3lft 12**10 121*10
,

,

Sat.

# k»

i

83h

Mou Tuvx Wed

! 83y

8 :t8

f 9*16
9*16
97«
978
ioq
10*8

8° ,6

j 9* ,0

1

9

9
,

'8

ioq

Tk.

1

Fri.

j 83,0
«78

9*3.6! 9**i 0

107,0 j loom

S78
yui„

The total sales and future deliveries each
day during the
week are indicated in the
following statement. For the con¬
venience of the reader we also add a column which
shows at a
glance how the market closed on same days.
SALtfS
SPOT MARKET

CLOSED.

Sat,.

922,447.3,852,143
18,452j2,482.423 467,273
941*1
78">

1 12b

97t0

Sat.

MARKET AND SALES.

1 lio

1.823]

n7a

Middling.

Total.

11 3*1 2 8«4 535 327

9

Ordinary
Strict Good Ordinary

111 019

j

1,898

liq
1134

9

9716
ioq
lOb

89i6 j 815,6

8»,6

!

ll1!
11 >9

9

10b

16

nq

Fri.

Good

3,838!

4Sl! 117,018]
1.692) 107 381

8HiJ
9*8

m

11

STAINED.

57,188!

20,5881

998’

125m

Ordin’y.ipibj

1058
10b

10^8

V2*»

47,242
271,513
811,250
120,512
173,082

112,280!

10**8

1013I6 1013lfl

11

Fair

9716
ioq

10

TEXAS.

DIou T4iei

9

9316

6

10

Midd’g Fair 1178

j

115.889;

93 j

8q

11
11 q
li q
11 '8

273.781

‘.08,105! 30,505

8%

103a
Low Midd’g 1 0®8
105h
Str.L’w Mid 10l3i6

J

1.800! 11.802
......I 3,'J? 4|

8q

Strict Ord..
9yl6
Good Ord.. 10
8tr. G’d Ord 10^8

3,501
357,793

3,829

867

To U.

*4, 178;

43.413!

1,800

Ordin’/.$lb

NEW ORLEANS.

Moil Tues Sat.

307.962! 1,447,913

233,922 j

includes exports irorn Fort




Conti- !

Ordain.Fra7,tC

I

j 1-i.Oi?

Total 1882-83 i 12.4Sd
*

Aug. 8, 1884.

to—

i

3.074!

!

Total

j Great

i

231,849 34.780:
777,820 262,1.1
38,137

New Orleans..!
Mobile

Florida
8avannuh

From Sept. 1.1883, to

Sat.

Good Mid.. 1114
Stir. G’d Mid I 1L>

1879.

75;

}

UPLANDS.

A ug. 2 to
August 8.

Middling...

440i

Mobile

The total sales for

forward delivery for the week are
496,100
bales. For immediate
delivery the total sales foot up this week
8,658 bales, including 4,400 for
export, 4,253 for consumption,
for speculation and — in transit.
Of the above, — bales
were to arrive.
The following are the official
quotations for
each day of the past week.

i

Charleston

.

Quiet at *10 dec..

Mon
(uiiet
Tues. Quiet
Wed
Easy at *,0 dee..
Thurs Steady at -*8 dec.
Fri.
Steady
-

.

.

Ex-

OF

SPOT ANO

j Spec- Trun-\
port, sump * ul'VvJ sit.
j
1,109
1,100

200
31 1

400
200

64h]

on

....

1

!
....,

....

1,150,

1,360 1,123.

daily'deliveries

The Sales

....

763;

....

4.100 4,259

previous to that

TRANSIT.

f....| ....]
...J

....!

given above are actually
which they are reported.

and

Prices

ing comprehensive table.

t U I L'RLS.

(Jon-

*

_

.

,

Total.

Sales.

1,^60

50,100

7 63

1 7.050
5 2 900

1,048

1 2o.5o0

2,4^3

Deliv¬
eries.

1,900
l,6t)0
1,000
1,700

143,900

400

81,500,

2,900

8.6591 496

100

delivered

the

9,500

day

Futures are shown by the follow¬
In the statement will be found the

of

The VISIBLE Supply of Cotton to-night, as made
and telegraph, is as follows. The
those for Great Britain and the afloat, are this
and consequently all the European
are

day, and

daily market, the prices of sales for each month each
the closing bids, in addition to the daily and total sales.
%

<

0^® B
£

2^2? 2.

M|-J JC
G «— m >-j
® O » 00

2-2.5T
<2

o

OD o CP

®

2®
?

3) *

**

3D

*m

<*»3

week’s returns,
figures
brought down
to Thursday evening.
But to make the totals the "complete
figures for to-night (Aug. 8), we adcl the item of exports from
the United States,- including in it the exports of Friday only.
1861.

:

u*.>

:

S£>

■

-—

:

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pi

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Includes snles in September. 1883. for September, 7b,200; Sept cm <>
ber-Oetober. for October, 338,000; September-November, for November
*

to

809,5bO0; SeptemberJiuiuai \, for JiiiiiutiH, 2,81«,990; Septomber-Eebriiarv, for lelrruftry1
3,780,?00; Sept-mber-March, for March, 2,309,800; September-Apru
for April, 1.1*09,900; September-May. for May. 2,302,200; SentemberJuue, for June, 2,183,00a; Septcmber-July, for July, 1.727,200.
f|T We iia>e mciuued in tne above table, and snail contioue each
week to give, the average price of futures each day for each month.
It
will he found under each day following the abbreviation “ Aver.’' The
average for each month for the week is also given at bottom of table.
190,800; September

December, for December,

Transferable Orders—Saturday, lo*9.,c\; Monday, 10 9nc ; Tuesday,
19 95c.; Wednesday. l0-85c.; Thursday. 10 80c ; Friday, 10 80c.
Short Notices for August—Tuesday, 10 91 ®10'92c.

The

to exch. 100 Dec. for Sept.
to exch. 100 Aug. s. 11. 9th
icgular.

*40 pd.
•0 1 p t.
Hr




following exchanges have been
•10
•09

made during the week:

pd. to exeli. 200 Sept, for Aug.
pd. to exeli. 100 Sept, for Aug'.

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following statement:

period of 1883-83—is set out in detail in the

:

5)
—*

ca

©
©

^

c c c

c<5

1

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•—*

c.

7

9?
(X X
-1 X

bales

®

X

634<l.

7i;bd.

5i*ih<l.

ponding date of 1883 and a decrease of 48,707
as
compared with 1881,
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding

fa

M

•

....

0%l.

1,81 3.035

1,512,493
1,,

....1,780,278 1,914.460

...

Liverpool

of

o

©

59 ),900
821,709
690,7,-3 1,232,135

688,600

774.800

1,,005,478 1,225,860

imports into Continental ports this week have been
17,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 134,183 bales as compared with the same date
1883, an increase of 307,783 bales as compared will the corres¬

b

-s

*-*

,_|

C C

0

1

:

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1 ft:-:

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pip.

supply

300,000
10,000

22,000

The

5q

p»

7

pi M

I

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Total visible
Price Mid. Upl.,

b

r®

c©

177,000
16,600

India, Ac

Total East

b
fa

&

M

9

»-s

1 ft: :

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1

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®

11

V

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CC

10.900
122,000
23 1 ,000
23,000

b
~

d d © -t

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Qi

1-

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sp:

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Continental stocks
India afloat for Europe
Egypt, Brazil, Ac., afloat

1 10 600

b
q

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1 ft-:

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c o

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cr.

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1,232,135

126,700
‘2:0,000

b

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(, 90,793

192,800

o

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1 ft to:

cn

M I-*

p*

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1 ft

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1 ,005,478 1,225,860

171,000

Qq

©Op©
p. pi p 6

43,365
3,800

137,000
227 970

69,100

b
b

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pi pi
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2,100

16.7u5
3.200

stocks..
to-day..

22

302.000

s

©

a
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593,000
7,000

1,800

650,000

189,483

Total American

§

7

3,800

2,100

47,900

i

1 •—*

pi pi

C © © 3

©

-

99

963.700 1,156,900
231,000
300.000

232,000

b

®M

7

319,000

318,000
71,000

i-MDM

©. ©

—

•-«
c

.

<
®

1

Mii-i
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pi © —

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p,

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1-

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to

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99

m

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225,600

Liverpool stock

§

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c©o©

^

M
©O

©

M M

M

X ©

1

m

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9

C

1—'£»

13.400
6,3>0

1.1 uO

25,000

367,000
r 5,000
61,000
155,568
17,125

o

b

^

ft ftp:

1 ft Pd

M M

C0;0
'I-I C -I

©

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MM

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£

MM

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2.500

203,000
3,800
33,100
3,500
7,200

190,000
Od.OOO
274,482
44,578

London stock

S

w

2
^

O

CO

©M

7

M

H

c©o

MM
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s

2

M

1— M ^

3(0

124,000

210,000

503,000
*245,000
43,000

Total American
Hast Indian, Brazil, die.—

0

ft ft w:
©

b

5*5

®
^

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© X

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7

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11

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CC © ©

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99

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17

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United States stock
United States iuterior
United States exports

X

^■4—

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Mi-rf.-*
©O p©
M M *—' ©

©

1

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1 ft

9

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m

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pi

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© 01

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M m"- M
©©©©
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99

H-

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pi pi

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1—

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7
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35,100
3,900

823,035

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

Cr

©C© ©
P’l P:I © Pi

52,600

supply
1,780,278 1,911,460 1,512,493 1,
follows:
Of the above, the totals of American and ether descriptions are as

c

M

M M -1

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4.300

3 H,000

Total visible

Cl

©
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316,700

6,000

American—

| ftp’

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437,800

3,400
216,000

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2,6o0

1,800

0

®

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O'

10

1

14,300
-2J.*u0

65,000
13,609
11,000

31,<00
2, ’ 00
8,000
108,000
9,900
75,000
17,000
14,000

900

177,000

Ctt

7

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7

to

I

pi

t;c

Mi-*

M

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©©©©

c ©

Cl

to

©

MM

10

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p:l

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ft

1“ —1

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w

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7

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867,900

.1,334,800 1,296,600

6 ©a

x

p»

M

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©

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17

738,100

897,000
5,200
69,300
46,000
.

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979,900
4 J’OO
47,700

932,000
47,900

1 ft-*:

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767,000
40,900

826,000
71,000

Continental stocks

Total

Augst.

ftp’

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c

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1 ft I—.
M l-*^. M

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«-«cj a

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Total Great Britain
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste

Sis
S.a

t=3

S c 22.

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1

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CC 0

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1862.
669,000
69,100

1883.

1884.

bales.

Stock at Liverpool
Stock at Loudon

a;

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Continental stocks, as well as

a

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[Vol. XXXIX.

CHRONICLE.

THE

i60

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Tins year’s ligures estimated.
The abox^e totals show that

©

M
CC/00

-

©M
1—• m-*

©©
© —J

c

‘ft 0

t:

^

,w

*

decreased during the

the old interior stocks have
week 1,633 bales, and are to-night 27,783

August 9.

THE

1V84.J

CHRONICLE.

bales less than at the same period last year.
The receipts at
the same towns have been 1,725 bales less than the same week
last year, and since September 1 the
receipts at all the towns
are 091,585 bales less than for the same time in 1882-89.

Quotations for Middling Cotton

at

Other Markets.—

in the table below we give the closing
quotations of middling
cotton at Southern and other principal cotton markets for each

day of the past week.
Week

CLOSING- QUOTATIONS FOR MIDDLING COTTON ON—

ending

August 8.

Saiur.

Galveston
New Orleans.
Mobile
Savannah....

•Charleston...

Wilmington..
Boston
Baltimore.

Thurs.

Fri.

105*

1038

101116

mu IQ

10%
10 %

IOC
10*4

lOHie

It

1 1

11

10%
1034
114

H)l'>
1 0%

10\
11 *4

10^

HU'S

1 ( ’V!

11*4

n %

11 *4

11
11 %
10 34

llh

1 1

1 1

115*
10 34

11N

10
10 5$

1(5*

10 34

10%

1C>8

1034

10 34
11
101

10 %
11

l0mls

6

11

1 l

11

Philadelphia.

1131

1134

Augusta

10*4

JO 34
10 At

11%
T0%

..

Wed nes.

Tues.

I05p

—

Norfolk

Mon.

.

10

10L2
lOLj
103*
3 034
11

loi*qp,

101‘hfi

1(51

failing, Texas.—The weather lias been warm and dry anil
ic week, and we are
the
needing rain verv badlv. Picking has
A verage. thermometer
commenced,
87, highest 103 and low
est 04.

Brenham, Texas.—We have had no rain all the week.
Much damage has been done.
The thermometer lias
averaged
84, the highest being 97 and the lowest 70.
Belton, Texas.—There has been no rain all the
week, and
crops are suffering.
The thermometer has averaged 82,
rang¬

ing from 01 to 99.
Weatherford, Texas.—Wre have had warm and dry weather
all the week, and need rain
badly. The thermometer lias
ranged from 54 to 98, averaging 81.
Dallas, Texas.—AYe have had one good shower during the
week, but want more. The rainfall reached
sixty-five hun¬
dredths of an inch. It lias been
showery
in spots tlu'oughout
North Texas, doing great good.
Average thermometer 81,
highest 102 and lowest 03.
Columbia. Texas—The weather has been

warm and
dry all
benefit
greatly
sugar-cane,
but no other
10 %
Cotton, is splendid, is opening fast, and
crop needs it.
Memphis
U’7S
JO 34
H-A
107*
107s
picking
-St. Louis
10 %
10 34
10 34
has begun.
10 34
The thermometer has averaged 82, the
10 34
]0%
( meinnati...
1 1
11
highest
,11
11
11
11
being 94 and the lowest 70.
Louisville.. .1 11»7* 7i' 11 10 S«. 11 1 O 7* i7 11 1 <
7ri 7b 11 10 7S (V11 1 % 7b 1 1
New Orleans, Louisiana.—It has rained on
two days of
Receipts from tiie Plantations.—The
following table is tlie week, the rainfall reaching four hundredths of an inch.
prepared for the purpose of indicating the actual movement each The thermometer has averaged 82.
week from the plantations.
Receipts at the outports are some¬
/Shreveport, Louisiana.—The weather lias been generally
times misleading, as they are made
up more largely one year fair during the week, with a rainfall of one inch and
eightythan another at the expense of the interior stocks.
We reach, five hundredths,
The thermometer lias ranged from 05 to 90.
therefore, a safer conclusion through a comparative statement
Vieksburg, Mississippi—The days have been warm but
like the following. In reply to
frequent inquiries we will add the nights cool. It was showery on four days in the early
that these figures, of course, do not include overland
receipts or part of the week, but the latter portion lias been clear and
Southern consumption; they are
simply a statement of the pleasant. The rainfall readied one inch and sixty-five hun¬
..

..

■

the week.

< 1

dredths.

which

finally reaches the market through the outports.
RECEIPTS FROM

Week

1882.

■

May 23
“

™
ft

....

13

....

Jane
tV

14

20

“

2?

j

|

18c3.

j

18S4.

18-3. -!

18.-2.

13,9-1

38.5' 9

5,803 lOi.OiH 125..* 65

15.930

30.420:

8.129

15.02i;

25.-450

3 3.05S

|

1884

-1882

70,523
04,1:4

93,5-5 114,079
83.594 105,4-21

12,58-1

21.553

13,8*9, 12.305)
0,23s i 11,497

50 109

175

2,012

37.523

11

8.142

11.024

7.5:C 05.U4

68,702

I

9.20-j
0,i:0j
8,12o! 8

31.941;

31,022

04.230

28,24

2-',270
4.2-3' 2Cl4ft

01.020

‘

57,8sft

22.307)

‘Y

53 200

20.458

1

3,Slo

2'.‘o| 2.80.!

....

0041

4,3 5;

7

4>lli

0 7f ft

2,or 5
304

30.547

74.017

8

5,433 10,703
2.072. 14.410
1,011
1,872

83.210
79,50)

4,*55: 42.84J

*

1.780

4,7^01 50,530

1

Ail-.

19,540

5;042ji 50,41?

11.0

23

504

5,517

50 353

45.934

21 (0 3

i

j

5,13o!

1884

30.233

98,703

«■

1883.

2.504

8,409. 52.10s

o,r>soj

•Julr

“

PLANTATIONS.

Receipts at the Ports. ]St'k atlntcrior Towns.]

dial iP J—

2,:oo
7,052

4 519

J-

1,880

5.13 »

1.990

5.3181

4,«'85

113

2,780!

5.0S6

9-5,

3,321

1,4 0

7.41-8=

53 2ft

389

The above statement shows—1. That the total
receipts from
the plantations since September 1, 1889, were 4,779.907
bales;
in 1882-83 were 5,9S9,9Kl bales; in 1881-82 were

4,041,509 bales.
2.—That, although the receipts at the outports the past week
were 2.209
hales, the actual movement from plantations was
only 989 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the plantations
for the same week were
5,020 bales and for 1882 they were
Id38 bales.
Amount

of

Cotton

Sight Aug. 8.—In the table below

in

give the receipts from plantations in another form, and add
to them the net overland movement to
Aug. Land also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
we

I
Receipts

at the ports to Aug. 8

Interior stocks
excess

Au.a 8
of September 1
on

inj

i

1882-84.

1882-83

j

1881-82.

1880-81.

4,903,030 ;5,930.260 4,C‘03,S3o 5,788,58)
t

*2^,72

>

30,721

*24,332

9,435

Tot. receip'■Tfl from plantat’ns, 4,779,307
5,9.86 981 4,641,503 5,798,020
Net overland
4 to
ti August 1
j 573,700 H43 21S1 408,229 510,044
Southern coiisumpt'u to An
U
290,000
3 25,000
23 4,00c
200.00c
.....

_Total in sight August 8

i5,649,007 6.953.229 5,343,7.9 2)6,308 064
Dt. erea.so from Se.ptea her 1.
It will be seen by Hie amove that the decrease
in amount, in sight
to-night, as compared wit h last year, is 1,306.222 bales, the increase as
eonmared with 1881-82 is 305,275 bales, Mud the
decrease from 1880-SI
Is;59,057 bales.
*

Weatiif.r

Rain would

Reports by Telegraph.—There has been an
in .the weather conditions in the Southwest

improvement
•luring the week,

The thermometer has ranged from 03 to 91.

Meridian, Mississippi.—It has rained on one
day of the
week, the rainfall reaching fifty hundredths of an inch.
AYe
hear rumors of the appearance of the
caterpillars,
but
think
them of very little importance.
The thermometer has aver¬
aged 82. ranging from 04 to 88.
Greenville> Mississippi.—Telegram not received.
Coin minis. Mississippi.—The weather
and dry all the week.
mometer 74,

Crops

are

has

improving.

highest 89 and lowest50.

been fair, cool

Average ther¬

^
Little Hock, Arkansas.— It was
cloudy on Thursday but
the remainder of the week has been clear and
pleasant. Light
rain is falling t< -day
(Friday). The thermometer lias aver¬
aged 75, the highest being 9i am1 the lowest Oh.
Pine Bluff,

Arkansas.—Telegram not received.
Fort Smith, Arkansas.—AYe have had rain.on
one day of the
week, the rainfall reaching twenty-five hundredths of an inch.
Crop prospects were never better.
The thermometer lias
ranged from 58 to 92.
Last week we had rain and bail on one
damage.

Our prospects

day, doing

some

fine for all'
ducts that are raised in this latitude. The descriptions of pro¬
thermometer ranged
from 02 to 98.
Helena, Arkansas.—AYe have had sprinkles on two
days of
the week, and three
days have been clear.* The rainfall
reached but two hundredths of an inch.
The crop is
ing promisingly. Average thermometer 72, highestdevelop¬
89 and
lowest 09.
are

Newport, Arkansas.—Telegram not received.
Memphis. Tennessee.—It lias rained on one day of the
week. The thermometer
to 95.

has averaged 70,

ranging from 03

Nashville, Tennessee.—It lias rained oh one
day of the
week, the rainfall reaching one inch and
-forty-three
hun¬
dredths. The thermometer lias
ranged from 50 to 91, aver¬

aging 73.

Mobile, Alabama.—Tt has been showery on two davsof the
week, the rainfall reaching twenty hundredths af an inch.
The crop is developing
promisingly, Caterpillars are reported
to have appeared, hut we think them
of little importance as
yet. Rains have ceased, and no serious
damage has been
done. Average thermometer 70,
highest 99 and lowest 03.

Montgomery, Alabama.—AYe had rain on three daws in,
the early part of the
week, but the latter portion has' been
clear and pleasant.
The rainfall reached two inches and four¬
teen hundredths. It is claimed t hat
appeared, but the injury done is

caterpillars have certainly

yet limited. Crop accounts
are more favorable;
in a few localities crops are spotted, hut in
others are progressing
finely. The thermometer has" averaged
79, the highest being 99 and the lowest 02.
Selma, Alabama—It has rained on three
days'of the week,
the rainfall reaching one inch and
seventy-five hundredths.
as

much-needed rains having fallen in many
points where the plant was suf¬
fering from drought.
In some districts of Alabama and
Mississippi caterpillars are reported to have put in-aii appear¬ Accounts from the interior
are
ance. hut, with no
ccnflicting. ’ The thermometer
appreciable damage to cotton as yet. In has
averaged 74, ranging from 91 to S5.
general the outlook for the crop is more favorable.
Madison, Florida.—Telegram not received.
Gale* ston, Texas.—It has rained on two
days of the week,
Macon, Georgia.—AA e have had rain on five
the rainfall reaching
days of the
eighty-five ‘hundredths of an inch. week, on two
of which heavy. The
Average thermometer 83, highest 91 and lowest 71.
crop is developing prom,
Indirno'oTeens.—We have had no rain all the week, and isingly, but dry weather is needed. Average thermometer 70,
88 and lowest 03.
are
sulfering dreadfully. Picking has begun. The tlu?rmom- highest
Columbus. Georgia.—It has rained on two
ater lias
averaged 85, the highest being 92 and the lowest 72.
days of the
week, the rainfall reaching
fifty hundredths of an inch. The
Palest/tn. yv.ro.'.— We have had a line shower this
week,
thermometer
lias averaged 7 m the
hut not enough. The rainfall readied
highest being 90 and the
sixty hundredths of an lowest 05.
inch.
'Jib.- thermometer lias averaged 79.
from
ranging
03
Satannah. Georgia. —We have had rain on five
to 91.
sections of Texas and at other

.

Jin

'v cl He,

7Teas.—"We have had rain on one
day of the
b'uk. hot not enough to do much
good. The rainfall reached
tvvtbtv-MAmn hundredths of an inch. The thermometer has
Riitgvd
7b to 99, averaging s.\




days, and
the remainder of the week has been
partially cloudy. The
rainfall reached one inch and
sixty-three hundredths. The
thermometer has averaged 79, ranging from 7! {«.
92.
Augusta. Georgia. — AATe have had heavy general rain on
four

days of the week, the rainfall reach mu-

three inches and

CHRONICLE.

THE

wz

ninety-two hundredths.
Accounts are good ; the crop is
developing promisingly. The thermometer has ranged from
71 to 81), averaging 78.
Atlanta, Georgia.—It has rained on three days of the week,
the rainfall reaching one inch and four hundredths.
Average
thermometer 72, highest 87, lowest 50.

I

August 6 were
1,000 bales.

Manchester Market.—Our report received from Manchester
to-night states that the market ls quiet. We give the prices
for to-day below,
and leave previous weeks’ prices for
comparison.

rained on six days of
inches and ninety-eight
averaged 80, the highest

New Orleans

Memphis
Nashville

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

Rhreveport....
Vicksburg

Feet.

| Inch.
I

9
13
(j
5
17

Below high-water mark
Above low-water mark.

..

7 ,’84.

Feet.
6
15
3
6
22

11

5
7

I

4
10

|

OotVn
Mid.

8H lbs.

CO

Shirtings.
(1.

d.

s.

June 6 8% ft 9*4 5
“
13 8^4 fb 9^4 5
“

Aug. 9. *-3.

A in/.

1883.

1884.

Vieing 00 and the lowest 60.
Columbia, lSouth CaToUna.—Telegram not received.
The following statement we have also received by telegraph,
allowing the height of the.rivers at the points named at 3 o’clock
August 7, 1884, and August 0, 1883.
f

receipts for the week ending
cantars and the shipments to all Europe

This statement shows that the

I

Charleston, {South Carolina.—It has
the week, the rainfall reaching three
hundredths.
The thermometer has

rvoL. xxxix

20 3fb
27 8 °8 ft

“

“

10
10
0
0
10

“

9*8*5

9*b|5
11 3^ ft 9*8,5
13 3^8 ft 9*8!5
fb

July 3

Inch

9*8|5

8^8 ft 9*8*5
Aug. 1 BSg fb 9*e’5
“

2*.

“

8

89i6 ft

9*8*5

Upl ‘s

d

d

3

63a

1*2

671«

1
1
1
1
1
1

63q

d.

7
7
7
7
7

fb 7

ftl
ftl
fbl
ftl

8*2®7
8*2^7

l*e
1*2

6®lfi
6® (5
6V
,

6*4
6*4
6*4
6*8

BSr
8150
8^8
8 *2
8*2
83s
8 >4

8*4
8*4
8*4

d.
fb
w
ft>
fb
fb
(b
fb
ft
ft
fb

Shirtings.
s.

9*8 5
9*8 5
9*4 5
9*4 5
9*4 3
9*8 5
9
9
9
9

Oott'n
Mid.
TJpit s

8*4 lbs.

32# Cop.
lwist.
<L

s.

8*2®7
8»*®7
7*s®7

-

5
5
5
5

d.
9
9
9
9
9
9
8
8
8

8

8.

ftl
ftl
fbl
ftl
ftl
fbl
ftl
fbl
fbl
ftl

d.

d

^

1*8
Iks

0

3

5**18

3
3

5**18
5016

1*2

5*2

0
0
0
0

57i«
5716

51*18

55«

5i*i

East India Crop Prospects.-r-By cable from Bombay to-day
reported below high-water mark of 1871 until
Sept. 0, 1874, when the zero of gauge was changed to higli- we are advised that the weather lias been fine and satisfactory
water mark of April 15 and 16, 1874, which is 6-10ths of a foot
for the crop.
above 1871. or 16 feet above low-water mark at that point.
The rainfall at Bombay since the beginning of
India Cotton Movement from all Ports. — We have -the monsoon to date amounts to 39*5.7 inches.
re-arranged our India service so as to make our reports more
National Cotton Exchange Crop Report for August 1.
detailed and at the same time more accurate. We had found
it impossible to keep out of our figures, as cabled to us for the —The report of the National Exchange on the cotton crop for
ports other than Bombay, cargoes which proved only to be August 1 was issued on the 4th inst.. and summarized as
shipments from one India port to another. The plan now follows:
followed relieves us from the danger of this inaccuracy and
Tlio imritli of July lots, oil the whole, been more favorable for the cot¬
keeps the totals correct. We first give the Bombay statement ton crop, and has resulted in an improvement of about 2 points, bring¬
for the week and year, bringing the figures down to Aug. 7.
ing it. up to 87, as azainst 85 for June and 84 for May. On tlio Atlantic

New Orleans

“

BOMBAY RECEIPTS AND

fear

Shipments this week■

Shipments since Jan. 1.

Great Conti¬
BriVn. nent.

Great

Total.

Britain

| Gonli-

Receipts.

Total.

nent.

Since
Jan. I

This
Week.

5.000 1,523.000
5.000 1.531 UtO
6.000 1,579.001
6.000 1,127,0C0

9,000 480,000 595,000 1,075,000
3,000:433,000(768.000 1,2u6.000
17,000 7 1 0.000jos5.000 1.301.000
801,000
6,000 12,000 280,000;521,000

0,000

1884 3,000
1883
1882 10,000
1881
6,000

seaboard the rainfall was somewhat excessive, particularly
Carolina, and the botterment there is mainly in Georgia. A low

SHIPMENTS FOR FOUR YEARS.

3.000
7.000

According to the foregoing, Bombay appears to show no

increase compared with last year in the week's receipts,
and an increase in shipments of 6,000 bales, and the ship¬
ments since January 1 show a decrease, of
131,00!) bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two

years, has been as follows.
“Other
Tutieorin. Kurrachee and Cocon ad a.

j

Shipments for the week',
Conti¬

Great
Britain.

Shipments since January 1.
Great
Britain.

Total.

nent.

ports" cover Ceylon,

Continent.

‘

Total.

■

,

.

_
'

.

v

aleutta—
1884
1883

•

Madias— ■
1884
1883
All others—
1884
1883

•

•

•

1.800

1,300

if 00

4,500

509

500

4,000

4,000

•

.

....

\

-

87,500
80,209

40.200
10 800

127.70c
91.000

21,009
6,1 iJO

600

24.600

1,000

7,100

8,500

11.200

11,500

2,000

*

19.700

13,501

52.000
13 800

120,000
97,800

4.500

4.500
6.300

6.300

172,000
11 1.690

The above totals for the week show that the movement from
the ports other than Bombay is 1,800 bales less than same
week last year. For the whole of India, therefore, the total

shipments since January l, 1881, and for the corresponding
periods of the two previous years, are as follows:
EYPOIITS TO EUROPE FROM ALL INDIA.

all

...

_

...

.

week.

1882.

.

This
week.

Since
Jan. 1.

Th is

Europe

from—

1883.

1881.

.

Shipments
k)

This
week.

Since
Jan. 1.

i

Since

!

Jan. 1.

ture and continued rains during the first half of the month proved a
disadvantage to the crop in North Car dina. tn Alabama the plant has
suffered from rain and deficient cultivation. Mississippi has improved
materially. West of the Mississippi the conditi n has continued to
advance with timely ah >wers, but Texas, owing to the protracted
drought,-has not m ido any progress. In that great State the situation
ia now vcr. critical, for while the plant, has stood the dry weather extra¬
ordinarily well.it is now hvdnggioundand sufferingfor want, of moisture,
oar meteorological table shows that tit five Signal. Ser. i e districts in
the Atlantic Slates the average rainfa l was 5*00 inches, against
2v9
last;
year,
while
Alabama
shows
509 against
112.
To
three
districts west
the
of
Mississippi River only 182
inches fell compared with 2*91 in 1S33. The maximum range of the
thermomcti r was higher than last season in the Gulf States, but lower
on the Atlantic.
Fruiting has progressed very well, considering the
backwardness <>f the plant, and the fields are in a good state of eiiitivat hm, except in portions of A1 ibam a and South Carolina and localities
in Mississippi.
Over a very largo area the plant is in a critical condi¬
tion and liable to unusual damage t ram extremes of weather.
In the
Attantie States and Alabam i and parts of Mississippi it has grown rap¬
idly, is very sappy, and is exposed to loss of fruit from a hot and dry
s
ell.
in Toxas'n continuance-of the drought will prove disastrous.
Gem rul showers, with considerable intermissions of warm sunshine,
during August would* bring out the crop over nearly ths whole belt and
go far to .vards compensating for the present backwardness
Worms are
rep rted in a godd many e nnui s of Alabama, but they are later than
last year, and have done no damage as yet.
A few are also noted In
Florida Louisiana, Texas and Georgia, but no special importance
seems to be attached to them there.
It. is to be said that while the July
growth or the weed has boon good over most of the belt, amt the fire
ness to some extent overcome, it is still much behind, and therefore
subject- to damage from an earlv frost or even one at an average date.”
The Crop in the Memphis District.—Messrs. Hill, Fontaine

Thursday, the 7th inst., their re¬
port on the cotton crop in the Memphis District for the month
of July.
The report remarks :
Co., Memphis, issued on

&
'

d

Total all—
1884
1883

“Taking the district as a whole, there is improvement to be noted in
tiie growing cotton crop.
This is partieul rrly noticeable in
and Tennessee.
Tn these two Suites the weather has b ren most season

Arkansas
able, ami the plant, although somewhat smaller and later than usual,
is healthy and growing rapidly.
I n Alab ima and Mississippi too much

wet weath**r has prevailed, and the crops of those two sections are
still from two to four weeks late.
“
Disastrous rains are reported from several counties of northern anil
eastern Mississippi, which oven flowed the bottom lands and did serious

damage to both corn' and cotton. They also e.i sed the abandonment
of some lands in both those States, which, dining the continued wet
weather, it was impossible to euliivate. The eri i -al period has now
been reached, and it is safe- to preniet that with a favorable season from
now on

1




9,000 1.075.000
172,000
4,500

Bombay
All other

ports

13.509 1.2 47.000

Total

1,206,000
6,300
111.0 >0

17.000 1,301,000

9,300 1.317,6 0

23.400 1,538,900

3.000

6,400

of

the yield of cotton

in this district will exceed that of last year.

early frost would, however, curtail the jdekl materially.”
Tennessee Agricultural Report for the Month

An

237.900

This last statement affords a very interesting comparison
the total movement for the three years at all India ports.

i.f South

tempera¬

July.—The report of the Tennessee
the condition of crops up to August
It

ok

Bureau of Agriculture on
1 was issued on that date.

gives the condition of cotton in Fast Tennessee as

86: Middle

the average for the
reports show a slight
Liverpool and Alexandria, we now receive a weekly cable of falling oil in condition, yet the prospects; are promising,
the movements of cotton at Alexandria, Egypt.
The following especially in West Tennessee, where the most of it is grown."
Texas Crop.—The Galveston Da Ig News of the 4th instant
are the receipts and shipments for the past week and for the
says:
corresponding week of the previous two years
Alexandria Receipts and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Ben ichi & Co., of

Alexandria. Egypt,
A ugnst 6

Receipts tcantars*)—

This week....
Since Sept. 1

1883-84

1882-83.

t2,090.000

2,2%

eports (bales)—
To Liverpool
To Continent
Total
*

Europe

A eautar is

93 lbs.

1881-82

j

This
week.
E

jj

Since

Sept. 1.

J week.
This
:

V. 0*00

2.831.72;’

i

Sine*.
j This
Sept. 1. j week. Sept. 1

Si

nee

!
1,000 253,060
139,000
c

o 392,000

i Revised.

245,900

239,000

1

!

89,000 '.._****" 176.271
12 2.171
'3-3.009
•

i

Tennessee, 85: West Tennessee, <86, and
State, 86. It remarks that “ the cotton

“The r parts from the growing crops in Texas are by no means favor
able.
While in some portions of the north and east of Texas during

the

past week rain has fallen in a refreshing quantity, a.still greater portion
of the corti n-growing districts is suit-ring Lorn continued drought. In
Central Texas this is especially the ease, and unless there is a rainfall in
this (listi iet within the coming week the cotton crop will be cut badly.

the State the cotton will stand
Waco Division of the Central
Railroad, through Falls and McLennan Counties, the cotton is still
strong and vigorous. Beyond Waco, oh the same line of railroad, there
have been rains sutlieient to make the crop. On the Masseur; Pacific
line, from Waco to Austin, and on the line of the Central Rail oad frojn
Austin to the Brazos Bottoms, the cotton is still in a promising condi¬
tion, all that, section of the State, embracing six or eight heavy counties,
being able to withstand the drought for some time to come. The situa¬
tion i critical, however, at many points, bat wi ll goner d r ias i i the

Still in a large and productive section of
the drought ten days longer.
On the

■

THE

9, 1^84.]

August

CHRONICLE.

next eislit days a full average cotton crop may yet be made. On the
line of the Trans-Continental Railroad, and also the two brauches of the
Missouri Pacific Road, the prospects are fairly good, while in Southern
Texas cotton is spotted, being fair in some sections and bad
mothers.
Central and portions of Eastern Texas are suffering the most at this
time, and unless relief comes soou this region will be seriously injured as
far as the cotton crop is concerned.”

ling
•ope
ster
ices
for

Mississippi

Crop.—Reports to the Vicksburj Herald of
August 5, from the various sections of the valley, state
that the cotton crops are in as good condition as last year, but

date
“

“

7oti'n
Mid.

Upic

destroy a large part of the
“places.”

d.

5

«

5J

i*

8X
5^
5111

6

cot-

bringlantio
South
peraved u
it lias
roved
cd to
acted
uit ion
extra¬
ct ure.
;ts in

gainst
‘

112.
1-82
of the
lower

the

dti va¬
nities
eondirn the
rap¬

id dry
it i ous.

shine,
It and
ms are

t hail

;•

:ed In
tan 'e

July

>

e la’e
u-etove

itaine
re-

lonth
>led in
iansns

disposed of at auction, at the Cotton Exchange, on the fol¬
lowing day, to Mr. Henry Miller, at 12 cents per pound. The
Picayune says the cotton was of good style and staple, but
had evidently been ginned before ripe, and contained a mod¬
erately large proportion of waste and immature seed. The
further disposition of the bale has not yet been determined
upon.
Last year the first bale reached New Orleans July 10,
also from De Witt County, Texas.
Jute Butts, Bagging, &c\—The demand for bagging has
increased to some extent during the past week, but the market
is not active.
Sellers are firm in their views and are quoting
9;”8c. for
lb., 10'.,c. for l;?^ lb., lOJgC. for 2 lb. and lL'gC.
for standard grades: but these ligures can be shaded on a large
parcel. Butts are in some request, and there have been sales
of 4,000 bales within the range, of 1
2'4e., hut bagging
grades are rather quiet. Prices are easy, and paper grades are
quoted at 2@21.j(-., but a bid of less would be accepted. For
bagging qualities dealers are quoting 2r\<<« 2;J4'c.
was

Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks is not accurate,
as the weeks in dillerent years do not end on the same
day of
the month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may

constantly have before him the data for seeing the exact relative

serious
nmeut
ed wet
is

now

OF

ire on

date,
diddle
>r the

slight

lising^

In
nfall in
badly.

lit.

stand

1

Central
still

is

t. there

Paeilh*
.d from

condiainties,
3 situai

i

the

Liverpool, per steamers Alaska, 2,514
Britannic, 2.230
Gallia, 810
Ileischel, 1,6J7
Renublic, 1.20 7
Span, 1,624
To Havre, per steamer Normandie. 5
To Bremen, per steamer General Werder, 300
To Hamburg, per steamer Snevia, 950
To Antwerp, per steamer Westernland, 50
T > Rev.d. per steamer Hekla, 500
New Orleans—To Havre, per ship lie Martha, 9 75
B iltimork—To Liverpool, per steamers Andean. 572
BorinOrator. 129
Uiien, (additional) 100
To Bremen, per steamer Braunschweig, 40
Boston—To Liverpool, per steamer Norseman. 1,581
Philadelphia—To Liverpool, per steamer British Princess,1,600

9,997
5
300
950
50
500
975

801
40
1,581

1,6 JO

Total

The

form,

16,799

particulars of these shipments, arranged in
are as

usual

our

follows:

Liver¬
cr-

pool. Havre.

New York
S. Orleans
Baltimore
Boston

9,997

Pkiladelp’a

1,600

BreBre¬

HamHam¬

men.

burg.

30 J

950

ft
975
,

801

A ntwerp. Reval.
50
500

Total.
11.802
975
841

40

1,581

Total

1,581
1,600

13,979

930

340

’950

50

500

Below we add the clearances this week of vessels
cotton from United States ports, bringing our data
the latest dates:

16,799

carrying
down to

Boston—For Liverpool—Aug. 1—Steamer Cephalonia, 1,024
Aug. 4—
Steamer Missouri, *2,050.
Baltimore—For Liverpool —Aug. 4—Steamer Hanoverian, 219.
Philadelphia—For Liverpool-Aug. 5—Steamer Pennsylvania, 1,092

Cotton

freights the past week have been
Satur.

Mon.

Tues.

verpool, steam d.
Do

satl...d.

£avre, steam

c.

eail

Do

c.

Bremen, steam, .c.
I)o
11

sail

e.

l>o

Brtil...c.

Do

....

....

....

....

716*

7!6*

d

sail

do

c.

....

....

....

....

7ltV*

716*

...»

....

....

516*

....

....

3«*

3S‘

....

...

7.3tT

7:J2*

....

....

....

...

7:rL

4

7-JO*

V
....

716

7l«*

....

5

:4*

*

3fi*

‘ha*
3S*

I

13<M*

3$

3b'

Tfixer 8.

...»

3b*

sail.-.c.

Reval, steam

Wednes

13,4*
....

amburg, steam. c.

vmst’d’m, steam.c.

follows:

as

....

5irt*

in'

....

....

38*

38*

....

7

732*

.-{‘2

....

—

....

616+

BiC4

51<>*

k>

V

Jo*

Antwerp, steam..c.
♦
Compressed.

5

51«*

516*

&16*

616*

Tear

Monthly
Receipts.

1883

1882.

Sept’mb’r

Novemb’r

1881.

1880.

326,656:

429,777

458,478

980,584!

853,195
968,318
974,043 1.006,501
996,307 1,020,802

|

L,030.330'1,094,697'

1,112,536,

487,729

752,827!

February

385,93?

595,59?

March.

241,514
111,755
45,918

482,772}

.

Beginning September 1.

j

893,664
618,727

572,728
476,532

447,91s
264,913

303,955

284,216

153,025

167,450

190,034

110,0.9;

84,299

131,871
73,572

83,455

29,472
13,938

78,501

19,504

42,299

36,390

185,523

689,264

647,140

31,632

234,519

779,237

288,848

956,464

Juue

....

333,643
838,492
942,272

571,701

July

April
May

1873.

437,727
291,992
257,093
147,595
113,573
63,679

..

1879.

566,824

54,253

Totalyear 1,823,977 5,936,515 4,657,37715,759,853 4,891 536 4,43 5.737
pon

receipts J.ily 31

..

.

9362

93 G

»

93 05

97*79

99 74

This statement shows that up to July 31 the receipts at the
ports this year were t, 132,538 bales less than in 1882-83 and

146,000 bales

more than at the same time in 1881-82.
By adding
to the above totals to July 31 the daily receipts since that
time,
we shall be able to reach an exact
comparison of the movement

for the different

“

2....

“

3...

“

4

“

“

”

”

..

5....
=

1882-83.

1881-32.

1880-81.

1879-80.

1878-79.

1,7J0

539

635

3,592

93

573

465

2,3 8

2,927

533

2,477

2.39 i

1,296

2,014

3,058

1.191

562

711

3,705

1,303}

693

1,783

1,891

330

1,526

666

8.
333
76

8.

6....

157

1,300

7...

204

2,235

764

1,395

1,099

5S6

8

..

Total

S.

8.

3.424

S.

add

Id*

In*

V

we

have the following
We

sales, stocks, &o., at that port.

previous weeks for comparison.
July 18.

Sales of the wook
bales.
Df which exporters took
Of which speculators took..
Sales American

59,000
3.000

2,000
40.000
3 00j

Forwarded
Total stock -Estimated
Of which American—Estim’d
Total import of the week
Of which American
A uount afloat.
Of which American

6,0 JO

861,000
538,000
36.000
17,000
141,000

47,001

July 25.,
47,000
3,000
1,0 Jo
ai ooo
5 o JO
=

Aug. 1.

Aug. 8.

46.000
3 000
2,000

37,000

29,000

24,000
3,000

4,('00
7.000

2,000
1.000

t;ooo

4,000
832,000

941,00<

514,000

515,000

23,000
11,000
144,000
51,000

00,000

826,000
508,000
29,000

3 4,001
loG.tOO

22,000
96.000

36,tOO

31,000

The tone of the

Liverpool market for spots and futures each
day of the week ending Aug. 8, and the daily closing prices
of spot cotton, have been as follows:
Saturday Monday.

Spot.

1,519

8.

98-78

98-79

98 JO

98 00

12:30

p.m.

(
$

lid Upl’ds
mu.Ofl’ns

419

Sales

507

■ipeo.&exp.

8.

1,182

1.808,030 5,946,534 4,663.085 5,780,730 4,001,410 4,440,10 L

Percentage of total
!' port rec’pts Aug 8




lb*

7

Liverpool.—By cable from Liverpool,
statement of the week’s

Market,
1883-84.

Aug. 1....

in*

5

Tuesday.

Wednes. -Thnrsd'y

Pndau.

vears.

Tot.Jly 31 4,803,977 5,936,515 4.657,377 5,759,853 4,891,586 4,435,737
ing the
portion

Total baits.

York—To

lo*

list ant
favor

New

w

own."

;

night of this week.

Trieste, steam ...c.

Perc’tage of tot.
’ll

So far as the Southern ports are concerned, these
the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared
up to Thursday

le.noa, steam—c.

from

n

t year.

10,799 bales.

are

•5x6*
7is*

January

and

Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached

larcelona, steam, c.

named. The movement each month
September 1. 1883, has been as follows.

usual,
•ns are

receipts since Sept. 1 up to
to-night are now 1,138,504 bales less than they were to the same
day of the month in 1883 and 144,945 bales more than they were
to the same day of the month in 1882.
We add to the table
the percentages of total port receipts which had been received
to August 8 in each of the years named.

movement for the years

eason

much

This statement shows that the

since

Decern b’r 1,059,653

L*n

new

First Bale at New Orleans.—New Orleans received her
first bale of cotton of the crop of 1884-5 on Tuesday,
July 29.
It was raised by Messrs. C. II. Arnecke & Son, Arneckeville,
De Witt County, Texas, and by them shipped to Messrs. R.
Danneel & Bro., New Orle ms.
It classed strict middling, and

313,812
October.. 1,016,092

>

they have appeared in some

in Georgia was received at Savannah Monday
morning, August 4. The bale was raised by Primus W. Jones,
of Baker County, and shipped by Messrs. Wight, Davis & Co.,
of Albany to Messrs. Butler & Stevens, Savannah.
It was
disposed of by auction at the Cotton Exchange at 10 cents per
pound. We pointed out some weeks ago the recommendation
of the National Cotton Exchange, that all first new bales
should be passed upon bv the Committee on Classification at
the Exchange where such bales are received, and the Savannah
committee, acting in harmony with the recommendation,
reported in substance that, while the bale was composed of
new cotton, it was much cut and discolored from
being picked
green and immature, and classed about good ordinary.
Last
year the first bale reached Savannah July 6.

date.”

dr

will

crop grown

l46

l

crop, as

worms

Georgia’s First Bale.—The first bale of cotton of the

5uie

g

It is feared that

i(

t

5%

10

will be about two weeks late.

163

99-34

futures.

Market,
12:30 p.m.

Market,
4 P. M.

i
|
;

•

•

\

'B
c

o

0

K

*.

.*

•

•

\

The

Quiet.

Steady.

63i«

Easier.

6*4

6-hfl

67i«

630

638

8,000

10,000

10,000

8,000

500

1.000

1,000

1,000

Quiet

\

$
\

-

Quiet.

Steady at

Quiet at
2-64 de¬
cline.

Quiet.

steady.

Steady.

Steadier.

Dull
and
inactive

and

G38

2-64 ue
dine.

-

Barely
steady.

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
t her wise stated.

CHRONICLE.

THE

161
; *r* jne prices are given
6 03 meant 6 3-64d.

in pence and 64</>is, thus:

5 62 means 5 62-64d.,

cm/

Tues., Aug. 5.

Mon., Aug. 4.

Sat., Aug. 2.

Open High Low. Clos.

:

August
Aug.-Sept

d.

d.

d.

J

6 13

6 13

0 12

6 12

6 13

6 13

0 12

0 12

6 15

6 15

6 14

6 14

6 13

6 13

6 12

0 12

6 03

6 03

0C2

6 02

5 6i

5 62

5 f)l

501

5 61

5 61

5 60

5 00

5 63

5 63

5 02

5 62

6 01

6 01

6 00

6 00

:
•

September..
gept.-Oct...

>>

Oct.-Nov....
Nov.-Dee..
Dec.-Jan....

d

•

c3

G3

2

2

r-8

—-4

0

O

HH
h-l

w

Jan.-Feb—

J

Feb.-March.

;

March-Apr.

April-May..

j

May-June..

;

*

#

*

*

*

*

::::
....

B

*

*

receipts at the West, and of the fact that large quantities are
en route for the markets there, that prices are too
high, espe¬
cially as the advices concur in the opinion that the late cold
wave and rainy weather had no injurious effect on the crop.
Futures to-day dropped off, and the final figures showed easi¬
ness, owing to the universal desire to unload.
August closed
at G034c.; September, €OJyc.; October, 01c.; November, GOT4C.
Rye, barley and malt have been to a great extent nominal.
Oats have latterly been in better demand from the shorts the
available supply of contract grade being moderate. The de¬
mand has been mainly for immediate delivery though the
trading in options has been rather larger than recently. The
visible supply shows a decrease of 679.578 bushels.
Trading to-day, though light, was nevertheless at uniformly
steady figures. * August closed at 34;qc.; September, 33?£c.;
October, 33cr.
The following are closing quotations:
FLOUR.

’

No. 2

i

j

d.

d.

d.

6 10

6 10

6 09

6 09

Aug.-Sept.. 6 10

0 10

6 09

6 05

6 12

6 12

6 11

6 11

Bept.-Oct... 6 10

0 10

0 09

6 CO

6 00

August
September..
Oct.-Nov...

j

Open High

d.

Low. Clos.
d.

d.

6 08

6 08

6 08 |

6 06

6

6n

6 10

6 08

6 08

6 09

6 08

6 08

6 07

6 07

0 00

6 00

5 63

6 oy ; j 6 09
5 63 ! 6 CO

6 00

5 03

5 63

5 61

5 61

5 61

5 61

5 55

5 59

5 59

5 59

5 55 j
5 58 ;

5 57

5 57

5 57

tT57

5 56

5 56

5 58

5 56

5 50

5.8

5 58

5 58

5 58

5 58

Jan.-Feb

5 60

5 60

5 59

5 59

5 60

5 60

5 59

5 59

5 62

5 61

561

5 61

561

j

5 62

March-Apr.
April-May..

May-June..

....

....

...

...

*" *

f

|

5 57

5 57

5 57

5 57

5 59

5 59

5 59

5 59

....

1
...

....

....

....

.....

.

....

1

1

BREADSTUFFS.
Friday, P. M

,

August 8, 1881.

and more or less depressed. The
and for home consumption has been
light, and the supply has been so large that some depression
has resulted.
Old wheat grades have been the less depressed
if fresh ground.
Flour from new wheat has been pressed
on the market, especially the better grades.
City mills have
also been weak, with little trade and a more than ampje
supply.
Wheat lias been quiet, both for export and on speculation,
and has shown some depression, notwithstanding the rainy
weather at the West.
It is claimed that there is still a large
short interest in wheat in this country on foreign account, but
with better weather at the West and Northwest, and an
important increase in the visible supply in the United States*
the tendency of prices has been in buyers* favor.
Some com.
plaints of the quality of the wheat are being heard at Western
markets; very little of it reaches the highest grade at the
moment, according to ill) statements of some, while others
aver that its quality is sufficiently good to commend it to
foreign buyers, especially at the present low prices.
The
stringency of money doubtless causes some farmers to send
their wheat to market before it is thoroughly dry, but as a rule
the quality of the new crop received at the distributing mar.
kets in the interior and on the seaboard is satisfactory.
The
reports in regard to the weather have a marked influence on
prices. Of late the clearing weather at the West has given
hopes of a higher temperature, and it has therefore been
difficult to keep options steady.
Exporters* limits have been
reduced, moreover, partly owing, it is understood, to the
favorable progress of the harvest in Great Britian, and thus
another element of weakness lias been introduced.
The condi¬
tion of the crop in the United States and the outlook for the
year are still alike promising.
To-day another realizing move¬
ment was noticed, and August closed weak at tUqc., Septein"
her 9,21gC., October 94c. and November 9-VUc.
Indian corn has been dull and depressed.
The transaction8
both for export and speculation have been quite light.
The
visible supply, it is true, has decreased 331,615 bushels, or
1.081,976 bushels within a fortnight, but on the other hand
the outlook for the crop is very promising, business is dull, and
the supply 011 the seaboard is ample for tiie requirements of
the trade at the present time.
The weather at the West has
at times been cold and wet, but the effect 011 prices has not
been at all marked; the general opinion' seems to favor the
idea of a large crop this season.
It is surmised that a more
decided decline might have taken place, of late but for the
smallness of the supply in Chicago, where it is averred that
•the later options have been manipulated to some extent in
the interest of stronger prices; the situation is not deemed
wholly favorable for making short sales. On the other band,
there are those who contend in the light of the increasing
Flour has continued dull

demand both for export




6 25
5 25
4 50

4 65-®

family brands
South'll stip’g extras

3 50®

Rye Hour, superfine..4 00®

Corn meal—

.3 00ft 3 35
Brandywine, &0....3 40® 3 50
Western, <fec

00® 6 25

o

90®

City Mill shipp’g ex.4
S mthern bakers' and

5 60

3 75ft

Patents, spring

6C8
6 10

5 50

stra’t

6 00

6 08

6 11

5 55

Minn, clear uml

6 07

6 06

6 09

5 50

3 25
2
3 2 5 ft -ISO

6 07

6 06

(L

6 09

j

Superfine
Spring wheat extras.

03,6 03

d.

i

;

2 55® 3 00

0 00

d.

6 09

•

No. 2 wintbr

6 00
4 95

Patents. winter.... $4 75®

spring...# bbl. $2 lea 2 70 '

Wintershipp’gextras. 3 30ft 3 50
Winter
clear
and
straight
3 50® 5 75

d.

6(9

Dec.-Jan....

5 02

i

High] Low.

Clos.

1

Nov.-Dee...

Feb.-March. 5 62

Open

1

d.

5 5J

...

Frl., Aug. S.

:

Open High Low. Clou.
d.

!

Thurs., Aug. 7.

Wednes. , A ug. 6.

[7oi.. XXXIX.

,

GRAIN.

Wheat —
Spring,per bush.
r

.ft....
ft....
S3
ft
93
92
ft
95
74
.ft....
.ft....
ft
02
55
(32 ^2 3
54
.ft....
ft
73
70
70
05
ft
...

Spring No. 2
Red winter, No. 2
Red winter
White
White No. 1

G5

ft

63

Rye—Western

69

ft

TO

72 ft 74
Oats—Mixed
37 ft 38
White
10 ft 47
No. 2 mixed
37 ft 37*2
No. 2 white
41l4ft
Bariev —No. 1 Canada
ft....
State & Canada

...

...

Cirn—West, mixed
West. mix. No. 2.
White Southern..
Yellow Southern.
Western white...

CornWestern Yellow

No. 2 Canada

...

ft

State,two-rowed....

ft....

State, six-rowed

ft

The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending Aug. 2 and since Aug. 1
for each of the last three years:

New

Rye.

1

Barley.

Oats.

Corn.

TFTiCrtt.

Flour.

Receipts at—

Bbls.mVhs' Bush.m lbs Bush. 50 lbs Bush.32 lbs BvshASlhs Bush.5ft.lb*
41,817
437.123
8,160
1.108,271
287,077
32.304
Chicago
3.300
14.S40
87,152
58,100
0,325;
82,105
Milwaukee..
1.74 l
J
2,944
74,760
0.82,119
Toledo
1,331
1
9,607
8,354
1)00
123,328
Detroit
1
4.506
103.175
18,000
2,530
Cleveland. ..
.

St. Louis
Peoria
Duluth

35,227
1,31*5
32,500

761.896

130,730

16.785

68.505

95,081

1,057=

8,198

78,9 j0

5.400

S', *.00

20.942

48,103

00,319

Tot. wk. ’84

188,778

2,112.715

1,409.986

702,555

Same wk. ’83

149.321

1,540,574

2.215,921

1,155,470

1S.895,

Same wk. ’82

114,775

3,459, .01

1,282,0.0

803,457

22,902

81,133

.

40,429

i

Since'July 28
1884

14r,321
144,755

1883
18*2....

2 112 715

1 409 980

TO0 555

1,540,574

2,215.921
1.382.620

1,155.170

3 439.301

CO 319

2ft 940 '

18.803
22

803 457

j

902!

'

81.133

40,429

comparative shipments of flour and grain from the same
ports from Doc. 24, 1883, to Aug. 2, 1881, inclusive, for four
years, show as follows:
The

Flour

Wheat
Corn
Oats

1883-84.

1882-83.

1881-82.

bbla.

6,160,230

5,190,574

4,212,478

bueh.

28.977.481

18,14 5,536
62,124,199

28,898.577
2.745,561
3,308.825

20,140.785
4,603,320

2.127.013

21.919.103
2.05(1 839

2,633,762

1.490.147

1,128.153

: 116,693,809

113,619,602

87,793 500

119,908,734

.........

Total grain

Below

....

are

F.our...

hush.

2.
107,066

An;/. 4.
47,366

411,183
328.899
422,251

384,618
349,868

1 190,597

N ew Y orl
Boston.
..

Portland.
Montreal.
Poiladel..
Baltim’re
N Ori’ns
X. News.
.

T dal w’k.
8 n e time
13-3.
.

urj.

5.

Week
A iif/. 6.

147,167

578.334
6.359

1.236.932
3 3,816
651,168
10,927

164.462
1.141,250
873,972
9,3 >3

13,222

14,410

24,111

1,362,101

2,2 L7,259

2,213,188

ports for the week

The exports from, the several seaboard

ending Aug. 2, .8 :4. are shown i

.1

1881.

83,83 9

4,658
23,306

Barley
Rye
T( tal

1882.
Week

.1883.
Week

1884.
TSeek

A}((/.

Wheat..
Corn....
Oats

4-4

shipments from Western lake and river

the rail

ports for four years:

Exports
from —

30,841,596
63.969,043

22.385,812
134,624
17,655,904

52,703.302

Barley
Rye ...k

1880-81.

5,295,308

■

i

the annexed statement:

Flour.

Wheat.

Corn.

Oats.

Rye.

Peas.

Tills.

Bush.

Bush.
53.763
61,53 ;

Bush.

Bush.

Bush.

56,361 1,028.158
36,053
32,592
9.499

207,047

75,1 11

4

258.000

7,6-12

584,829

100

2,345

06.2S8

1,930

33

17,06(4

••••••

91,07 2

391
90.887

302,182

2.378

66,288

1,930

895.522 1.14 9.839

46.498

91,440

21.019

110,567 2,204,974
1 14.060

exports is as below. We add the
Uonvspviuling period of last year for comparison:
The destination of these

August

THE

9, 1884. j
Wheat.

Flour.

Exports
for week

1884.
Week.

to—

Aug.

1884.
Week,

1883.

Week,

2.

Aug.

Aug.

4.

Corn.

1883.

Week,
Aug. 4.

2.

CHRONICLE.

1884.
Week.

Aug.

165

Print Cloths.—The

following shows the
during the week:

market

1883.

of

course

the

Week.

2.

Aug.

4.

MARKET.

SALES OF FITCHES.

.

Bbls

Un.Klng.

73,010

Contin’nt
S.<fc C.Am
W. Indies
Brit. Col’s
Olh.c’nt’s

3,901
8.922

732,984
158,163
........

........

4,375

16.572
11,736

19,226
4,747
761

Total...

Bush.

Bush.
Bbls.
9 4.244 1,510,132
69 4,842
3,586
15 949

........

Bush.

387,210

LI 1,633

9,312

895,522

144,086 2,204,974

Tone.

45,671

33,073
Monday.,

302,1S2 1,149,839

season

and last

Tuesday.

season:

Wed’day.

Flour.

Wheat.

Corn.

IS83-S4.

1882-83.

1883-84.

1882-S3.

18S3-S4.

1882-83.

Sept. 1 tn

Sept. 1 to
Awj. 4.

Sept. 1 to
Any. 2.

Sept. 1 to

Sept. 1 to

Any.

Any.

Sept. 1 to
Aliy. 4.

A wj.

2.

Bbls.

Bush.

Bbls.

Un. Kingdom

4.035 tlST

5.072.93S

Continent...

327,921

418.543

8. & C. Am...

04-.413

025,008

West Indies.

781.372

823,192

Brit. Col’nles
Oth. oountr’s

54(3,055
38.909

003,987
42,235

4.

Bush.

27,060,072
18,150,349

2.

Bush.

38,019,783 20.235,555
S,200,373
27,273.619

September.

Price.

Tone.

3*25

Very dull.

and

....

Quiet

Price

....

325

Dull.

3*25

Salts

Sales

3*25

Dull.

Total..

34,410,632

8,093,1 60

1,473
38,383

120.500

1,678,435

586 798

77,039

429,864

897,863

8.010

10.363

142.969

95,494

....

*-

Quiet
3*25

Quiet.

Price

Dull.

3 25

Price

Sales

....

^ales

Price

Sales

Price

Sales

...

....

....

....

1,000

....

....

1,000

....

Price

Sales

....

—

Sales

....

Price

Price

Dull.

Price
Sales

Price 3*35 Price
Sales 1,000 Sales

.

....

Sales

I

..

..

....

Sales 1,090 Sales

firm.
and

loiai.

Price

Sales

Price 3*30 Price

firm.

Bush.

....

Price

...

Price

Dull.

Quiet
and

,

oioremner.

....

Sales

-

and
firm.

j

Price

....

Sales

Quiet

Thursday

Friday....

Price

firm.

and

..

October.

1

firm.

r

Exports since
Sept. 1, to—

Futures.

Quiet

j
j
j
j

Saturday.

80

........

By adding this week’s movement to our previous totals we
have the following statement of exports since September 1,
this

Spots.

EXCHANGE

671,4 93

159,625
28.436

1,087

1,976

110,567

COTTON*

Bush.
101,411

Sales

..

.

....

....

....

....

1,000

1.00(1

2,000

Transferable Notices—Saturday, 3*30; Monday, 3*30; Tuesday, 3*30; Wednes¬
day, 3*30; Thursday, 3*30 ; Friday, 3 30.

Domestic

Woolen

Goods.—Men’s-wear

woolens

were

mostly quiet, but some fair orders for light-weight worsted
20,082
227,406
123,072
177,020
coatings were placed by the interior clothing trade. Miscel¬
Total
0.970.367
8.187.903 45,291.509 61,330 802 36.812.S6S 43.76M.767
laneous Avoolen goods were in fair
The visible supply of grain, comprising the stocks m
request and prices ruled
granary
at the principal points of accumulation at lake and seaboard
steady. Ladies’ cloths, cloakings and stockinettes were in
ports, and in transit by rail and water, Aug. 2, 1881, was as steady request, and a moderate business was done in repellents.
follows:
Kentucky jeans ruled quiet in first hands, and satinets were
Wheat,
Corn,
Oats,
Barley,
Rye,
Tn store at—
in light demand.
bush.
bush.
bush.
bush.
bush.
Wool flannels met with considerable sales,
New York
781.439
1,474,359
338,761
19,523 and white blankets were taken in
small parcels to a fair
Do afloat (est.).
22 4,000
8 a 3,000
53,600
Albany
1,000
10,000
28,195
4.475
amount.
Soft wool sackings and suitings continued in fair
Buftalo
302.400
835
59,000
500
3.000
Chicago
2,306,019
229,021
request, and a moderately increased distribution of staple
898,009
31,149
50,983
214.558
Newp’t News
and fancy worsted dress fabrics was made
Milwaukee
by agents. Woole
81
597,742
23,610
153,140
Duluth
524.836
and worsted shawls were in very fair demand, as were
ingrain
Toledo
654,949
106,692
1,600
7,702
Detroit
and
tapestry
Brussels
121,081
9.9J5
carpets,
and
8,303
267
hosiery and fancy knit
176,897
Oswego
57,922
13.357
woolens continued to move steadily.
St. Louis
60
640,935
869
7.233
390,239
3,84<>
Cincinnati
Foreign Dry Goods have shown very little animation
22,115
15.737
1.521
8,316
3,200
Boston
52,740
11 272
104,638
229,479
aside from a few specialties in which a fair business was trans¬
Toronto
121.782
2.352
1,000
7,179
442
Montreal
117,700
40,728
44,536
631
2,572
acted.
Dress goods were in moderate request, and velvets and
81.577
32.877
838,887
Philadelphia
velveteens continued to move steadily, but silks and satins
Peoria
5.147
26.831
15.090
25,604
2,500
62,800
10,600
Indianapolis
3,000
ruled quiet.
Cloakings were fairly active, and popular styles
Kansas City
346.812
111.487
687
120
1,432.759
9,178
123,513
3,719 are firmly held by importers.
Men’s-wear woolens were in
D jwn Mississippi.
277.074
54,173
29,590
light
On rail
515.771
request,
were
and
white goods, laces and em¬
1.8 87,3*3
as
linen
317,251
23,306
On lake
875,628
665.211
broideries; but hosiery was a trifle more active, and shawls
1,167,338
14,337
313,970
8,000
.

*

in fair demand.

were

Tot.
Tot.
Tot.
Tot.
Tot.

Ail:;.

2, ’84.

July 20. ’84.
Aug. 4,'83..

Aug. 5,’82
Aug. 6, ’81.
.

15,• >75.971

4,35(5.038 1,771,601

210.003

183,997
183,057

Importations of Dry Goods.

12,700,444 4,089,653 2,451,181
216.77.5
18,750,986 10.917,788 3.50 4,671
3 51,919 1,593.894
15,139,057 6,193,078 1,672.077 '
6ol,965
57,542
17,539,095 15,894,283 7,404,713
125,573
259,521

The

importations of dry goods at this port for the week
ending Aug. 7, 1884, and since January 1, and the same facts
for the corresponding periods of 1883, are as follows:
n
a

ra

THE

DRY

GOODS

o

TRADE.

Friday, P. M„ August 8, 1884.

The

past week has not materially changed the general situ¬

c+

O
P

5

ation in the
at

O

dry goods trade. There was a constant demand
first hands, but selections were made with tbe utmost cau¬

Flax Silk Cot n Wool

P

•

•
•

rt*

tion, and the volume of business in commission and importing
circles was only moderate, bearing in mind the large force of
package buyers in the market. Jobbers have experienced a

**!? *

:
-3

c w 1
©x |
0-

owing to the cautious policy they have pursued of late.
Domestic Cotton Goods.—The exp arts of domestics for

m

-1
X

the week

©

duction is the b st

apparent that nearly
one-third of the looms in the New England mills will
stop
running during August and September, in order to restore the
equilibrium between supply and demand. Print cloths were
dull but unchanged at 3}-±l\ for G4x64
‘‘spots’ and 2 13-lGe.
for oGxGOs.
Prints were a little more active, as were
ginghams, but buyers are taking hold very cautiously.




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iscel Flax Silk. Oot Wool an n

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ti*

c

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i-*

US

O'

immediate curtailment of pro¬

policy, and it is

.

•

o
'

to

cr co
to to

401, II iyti 97, Argentine Republic 99 and Bremen SI. The
most staple brown bleached and colored cottons were in
steady
demand, but transactions were individually light and only
moderate in the aggregate, both jobbers and
thepnanufacturing trade having governed their purchases by positive require¬
ments.
The unfavorable condition of the market,
arising
from an over-supply of staple cotton goods lias at
length con¬
an

.

M

follows: Great Britain 917, U. S. of Colombia

vinced manufacturers that

1

10

aggregated 2,037 packages, and the principal ship¬

were as

;

iscel Flax, Silk Opjot Wool samift

:

i

C. M

slightly improved demand, and very low prices enabled a few
of the principal firms to effect a considerable distribution of
staple and department goods in package lots, but business in
this connection was by no means up to the average of former
years at a like period, and the general jobbing trade was un¬
satisfactory. There is rather less complaint about collections
in the interior, and jobbers are paying up
pretty well as a rule,

ments

J

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S

£

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ft

c+

ieclanos. lanufctres

,

CD •

o

a

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p

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00

(Commercial Cavils.

Brinckerhoff, Turner
&

Co.,
of

And all kinds

CANVAS, FELTING DUCK, CAR
COVERING, BAGGING, RAVENS DUCK, SAIL

COTTON

TWINES, &C., “ONTARIO” SEAMLESS
BAGS, “AWNING STRIFES.

The American
Capital,

Street.

Bliss, Fabyan & Co.,
Boston, Philadelphia,
LEADING BRANDS
IS li EACH ED SHIRTINGS

New York,

SELLING AGENTS FOR

BKOUN

A

AND

SHEETINGS,

DENIMS, TICKS, DUCKS, Ac.

PRINTS,

Towels, Quilts, White Goods A Hosiery
Drills, sheetings, i£c., for Export Trade.

Toy, Lincoln &

SUCCESSORS TO

E. II.

Direct Line to *'France.
GENERAL TRANSATLANTIC CO.

$500,000

.....

Corporation sand Business Houses, and will guaran¬
tee the fidelity of persons holding positions of trust.
This < ompany will also act as surety on Bonds re¬
quired in the Courts, Bonds of Administrators,
Guardians, Sheriff and undertakings.
It is the firstgmd only Company organized in the
United States devoted exclusively to the business of

suretyship.

OFFICERS:

President,
BRIGGS, Vice-President.

LYMAN W.

Motley,

MIDGE, SAAVYEIl A CO.,
15 Cuacncey Street,
YORK.
BOSTON.

CASUALTY CO.,

&

FIDELITY

YORK*

211 & 216 BROADWAY, NEW

YORK and HAVRE,

Between NEW

Will act as surety for Officers and Employees of
Banks, Railways. Express and Telegtapli Companies,

Nos

.

Surety Co

RICHARD A. ELMER,

UNITED states hinting CO.
A full supply, all Widths and Colors, always in stock
No. 10!) Duane

ONLY

Broadway, New York.

1G0

Also, Agents
.

SURETYSHIP.

OF

BONDS

Cash

COTTON SAILDUCK

Jiteawships.

financial Companies.

No.

Manufacturers and Dealers in

[Vot. XXXIX.

CHRONICLE.

THE

166

Banks, Railroads and Express Compa¬
nies. Managers, Secretaries,and Clerks of Public Com¬
Officials of

Commercial firms, can obtain
StKFTYSIIIP
from this Company at moderate charges.
The bonds of this Company are accepted by courts
panies, Institutions and
BONDS OF

From Pier (new) 42

North River foot of Morton

'n

a

small hr,at.

LABRADOR, Collier.

AGENTS FOR

Ocean Mill*

Co., Atlantic Cotton

AMERIQUE, Suntelli
Wed., August 27, 10 A. M.
Pkick of Passage—(including wine): To HavreFirst cabin, IF 100 and fSO; second cabin, £60; steer¬
age, $20— including wine, bedding and utensils.
Re¬
turn tickets at very reduced rates. Checks on Banque
Transatlantique, Havre and Paris, in amounts to suit.

e

Brown, Wood&Kinginan

Generale Transatlantique delivers
special train tickets from
checked through to Paris
without examination at Havre, provided passengers
have the same delivered at the Company’s Dock in
New York. Pier 42 North River, foot of Morton St.
at least two hours before the departure of a steamer
The Compagnie

RERUN, Agent,

LOUIS DE

No. (i

York.
€ A S L A LT V DEP .HITMEN T.
Policies issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates, Ac., can be
obtained aj head office, or of Company's Agents.
Wm. M. Richards, I’rest.
John M. Chane, Sec’y.
Ron’T .). Hi leas, Ass’t Secretary.
DIRECTORS:

W. G. Low,
Charles Dennis,
J.S.T.Stranahan, JLA.llurlbut, Alev. Mitchell,
J. D. Vermllye, S. B. Chittenden.
A. B. Hull,

HAND-BOOK

Wm. M. Richards.

Geo. S. Coe,

OF

xTLMir

Bullard & Wheeler,
NEW

BAGGING

YORK.

IRON TIES,

AND

(for baling cotton.)
Agents for the following brands of Jute Bagging,
Kiigle Mills,’’“Brooklyn (’ity,”“Georgiu,”“Ciirollna,”
“Nevins,Union Star,” “Salem.'’ “iLoriconMills,”
“Jersey Mills ” and “ Dover Mills.”
IMPORTERS OF IKON TIES.
“

BAGGING.
WABREM, IO.\ES &, UKATZ,
ST. LOUIS, Mo.
Mamifacturers’ Agents for the sule of Jute
IMP Oil TE R S

1 It O N

Bagging

TIES.

Before buying' vour Carpets, Linoleum, Oil
Chain or
Mattings, ivdi at
RFNBALL’S

Fulton m., basement
It not con¬

floor. (Jiit apr.si piace, in iheeitv.
venient to call, send for samples.

ESTABLISHED

18,5o.

STATIONER

A

NEW YORK

NO. 178

I)ihectors—Joseph W. Drexel, a. L.
Hopkins, 11. Victor Newcomb, John Paton, Daniel
Torrance, Edw. F. Winslow, ivrastus Wiman.
SlIElt.MAN' S. Jewvtt, Pros. .Iosiah Jewett,
W illiam C. Cohn well, Cashier.

WILLIAM

(IIANOVF.K

CAPITAL,

Y.Prea

Railroad Securities.—
A Description of the
and a

past, as well as the annual charges
against income, of all Railroads whose
securities are commonly sold in the markets

BUFFALO, N. Y.

York, National Shoe
Bank of London.

Con it kspo.v i 'Knts—New

j.eaOicr Bank; Union

J?afc

The

&

of

YOIIK,

UNEQUALLED SECURITY.

OFFERS

1-1G Broadway.

110, 112 A

FRANCIS

H.

JENKS, President.

Active Stocks—Date of
highest and lowest prices made in the years
18a‘J and 1883, and to July in 1884.

Yearly Range of

Safe Deposit& Storage Co
3 1G A
Corner of

BROADWAY,
NEW YORK.

3 IS

Leonard Street,

Safes to rout from $10 to

Dividends.—
Dividends on Railroad

WEEK

OK

Stocks sold at the

Exchanges in New York, Boston, Philadel¬
phia and Baltimore, paid during each of
the six years, 1878 to 18e3, inclusive, and

RENTED" FOR A

AND CAN BE

DAY

$200 per year,

States

Range of Prices by Years.—
5

MANHATTAN

Monthly.—

Securities—For the year
1883 and to July in 188 1.
Railroad Bonds and Stocks in New York—
For the year 1883, and to July in 1884.
Railroad Bonds and Stocks in Boston—
For the year 1883, and to July in 1884.
Railroad and Canal Bonds and Stocks in
Philadelphia— For the year 1883, and to
July in 1881.
Railroad Bonds and Stocks in Baltimore—
For the year 1883, and to July in 1884.

United

Established in the World.

First

Philadelphia and

Boston,

Highest and Lowest Prices,

Deposit Co.

NEW

York,

New

Baltimore..

tjcposit Companies.

The Safe

Stocks and Bonds,
Income for four

Statement of the

years

$300,000

-

This bank has superior facilities for making collec¬
tions on all accessible points in the United States,
Canada and Europe.
Liberal terms extended to
accounts of bankers and merchants.

MONTH.

prior to July in 18b4.

Ruction titles.

STOCKS and BONDS

Hail road Famines.—
Gross and Net
in 1884,

The

Undersigned hold REGULAR
SALES of all classes of

STOCKS

A X 1>
rft

Earnings so far as reported

in comparison

with corresponding

periods of 18a3.

At Auction.

STREET,

SQIAESE.)

CONTENTS.

Bank of. Buffalo,

.

No. I

TOMPKINS, Secretary.

I). J.

Supplies Banks. Bankers,

will have their or¬

PRICES; DIVIDENDS.

OFFICE:

BROADWAY.

Cole,

Stock Brokers and Cor¬
porations with complete outfits of Account Books

DESCRIPTION; INCOME ;

New Yoke

AND PRINTER,

and Stationery.
ii?~ New concerns organizing
ders promptly executed.

Department

1884.

JULY,

f800,000
400,000
214,000

V ice-President:
II ON. J A S. F K It 111E It.
Managing Director: Edwaud R awl IN'G 8.

EUGENE It. COLE, Successor to

Sears

..

OF

OFFICE
CAISPETS.
Carpet Store, 11 1

Cash Capital
Cash Assets:

OF

CO T T O !V

AMERICA.

NORTH

OF

LANE,

119 MAIDEN

Railroad Securities

The Guarantee Co.

President:
Sill ALEX. T. GALT.

( 5S A t o Worth Street, and
*OKK^- & 37 Thomas Street.

BUSINESS.

OTHER

NO

Deposit with Insurance

BOSTON, 31 Bedford Street.
NRW

Suretyship.

Bonds of

FOR

Arlington Mills,
Freeman iUTg. Co.,
ltenireiv Ml'g. Co., James Phillips, Jr.
Fitchburg Worsted Co.,
George Whitney,
Continental Hills,
Lincoln Mills.

RowKmr Green

publications.

David Dows,
A. S. Barnes,

Geo. T. Hope,
G. G. Williams.

Illg. Co.,

SELLING AGENTS

Geo. If. Gilbert

Havre to Paris.

Special Train From
at its office in New York
Havre to Paris. Baggage

of the State of New

Mills,

Chicopee Mi'g. Co.,
llertou Ne*v Mails,
Wliite Mlg. Co.,
Saratoga Victory lUI'g. Co.,
Hosiery and Yarn Mills.
Peabody lUills,

Wed., Aug. 13.10 A. M.
..Wed.. Aug. 20, 5 A. M.

..

CANADA. Kersabiec

43 & 45 White Street,

NEW

fit.

line avoid both transit by English
Railway and the discomforts of crossing the Channel
Travelers by this

AUCTION

BONDS

SI 00
Subscribers of the Chronicle,
75

Price in Red Leather
To

Covers,

• -

ON

STEEL PENS
Sold By ALL DEALERSThroughoutThg WORLD
^

COLO MEDAL PAR IS EXPOS IT1QN—137SL,,




WEDNESDAYS AND

ADRIAN II. MI
l

No.

7

SATURDAYS.

LLER A SON,

FINE STREET, NEW

YORK.

WILLIAM
79 & 81

R. RAN A &

CO.,

WILLIAM STREET, NEW YORK