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HUNT’S
MERCHANTS’
MAGAZINE,
gnvjspiipn,
REPRESENTING
THE
INDUSTRIAL
AND COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered according to act of Congress, in tlic year 18S1, by tfu. B. Dana & Co., in the office of tbe Librarian of Congress, Washington, D. C.J '
VOL. 39.
SATURDAY, DECEMBER 13, 1884.
side of Newr Y^orkthe
clearings reach $290,537,881, against $332,000,356 last year, or a decrease of 12/5 per cent; the loss No¬
vember 29 was 14 per cent and the previous week 8 6 per cent.
Memphis, Kansas City, Columbus, Cleveland and San Fran¬
cisco exhibit exchanges in excess of 1883.
The returns from
the different cities presented in our usual form are as follows:
C O N T E N T 8.
THE CHRONICLE.
Clearing-House Returns.
6G3
The Financial Situation
664
Railroad Earuiugsiu Nov., and
from Jan. 1 to Nov. 30
668
Colonization-Some of Its Re¬
cent Aspects
671
Central’s Earnings and Traffic 665
The Western Farmers’ Couditien
666
The
Monetary
and
English News
Spanish and Other Com¬
mercial Treaties
Commercial
672
Commercial and Miscellaneous
667
Week Ending
THE BANKERS’ GAZETTE.
and Railroad
Stocks
Bonds
and
!
j Quotations of Stocks and Bonds 677
| Railroad Earnings and Bank
(Stocks....shares.)
(Cotton
bales.);
(Grain.. .bushels)!
(Petroleum..bbls.)
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
632 I Breadstuffs
639
683
690
I
Dry Goods
.....
Hartford
New Haven
Chronicle.
[Entered at the Post Office, New York, N. Y.,
as
Portland
Total N. England
-45
-2-0
1,277,096
-101
-11-3
—23-0
522,9841
—122
S98,631
745,289
7S0.443
000,293
407,210
-141
-ISO
*84.044,842
$88,415,528
$52,140,792
—27*3
-7-7
+2-1
-12-8
+5*4
—8*4
+9-2
*02,442,250
-72
-19*3
-200
*35,863,250
0,287,984
10,895,917
-20-9
-107
*30,420,451
-23-2
11,778,850
—11*5
7,780,350
-139
5,643,124
3,190,038
—15-2
-18-3
1,794,204
2,504,751
2,310,074
—22*3
3,300,534
2,103,618
1,332,312
2,432,317
"faA
1,03-.8.0
-93
*
1,523,850
1,192,573
+27‘8
1,148,455
+17-7
j
835,455
1,029,005
-18-8
75 it,910
-151
Total Western...i
*78,090,083
*92,101,300
—14-5
*54,555,410
-19-7
*20,233,422
898.9P0
—19St
*12,230,317
-201
-10-9
5150, s 93
-10-9
11,799,101
3,203,318
2,090,728
-22(5
i
>
-137
St. Louis
■
*10,210,: 93
St.
i
740,028
15,033,65*^
-12-2
Louisville
1
5,508,774
-3-1
Kansas
j
13,244,819
5,339,053
4,508.072
3,071,700
2,310,100
2,032,715
+40-8
+12'3
*42,300,331
$40,849,220
*12,284,887
$12,059,906
Joseph
City
Memphis
.ij'n
3,590,800
*52,547,151
New OrleaDs
) WILLIA1TI IS. DANA Sc Co., Publishers,
>V
79 Sc 81 William
Street,
YORK.
D.
AoDtnu
UyvV NEW
OSikJ
$54,078,492
-11-9
-16-3
Peoria
Buildings.
—3T
5,085,000
1,744,807
1,355,351
1,030,138
912,497
900,209
-A,
Columbus
Exchange
$70,798,422
$04,524,699
Indianapolis
subscriptions and advertisements will be taken at the regular rates,
*74,428,502
4,479,300
1,099,505
1,202,618
$92,574,330
Cleveland
England.
(32,530,000)
(75,311,000)
*54,019,9910,421,101
4,783,02.:
2,754,234
Cincinnati
The office of the Commercial and Financial Chronicle in London
is with Messrs. Edwards & Hmitii, I Drapers’ Gardens, E. C.. where
(-r4-3)
(-12-5)
(1,34 9,198) (+1129)
(480.S00) (+50-3)
(28,747,000) (-32*8)
(40,000,000) (-20-7)
*72,551,140
Total Middle
Chicago
Volumes bound for subscribers at $1 00.
(—170)
(339,500) (+1180)
12,001,490
Detroit
„.
-8-6
Baltimore
Subscriptions will be continued until definitely ordered to be stopped.
The publishers cannot be responsible for remittances unless made by
Drafts or Post-Office Money Orders.
A neat file cover is furnished at 50 cents; postage on the same is 18
_.
*459,294,008
$05,964,800
10,728,391
15,881,143
Milwaukee
_
-26*7
7,802,852
Chronicle.
O. t LO ™
I D.
PerCent
Pittsburg
Philadelphia
months, and furnished without extra charge to subscribers of the
«UUN
Arou. 29.
1884.
(33,900,000.)
(05,857,000)
743,770
45S,916
Lowell
second-class mail matter, i
and single copies of tbe paper supplied at Is. each.
The, office of the Chronicle in Liverpool is at B 15,
(2,090,200.)
747,8S0
1
Springfield
For Six Months
do
6 10
Annual subscription in London (including postage)
£2 7s.
Sixmos.
do
do
do
£1 8s.
These prices include the Investors’ Supplement, issued once in two
Offices in
(1,722,300)
884,291
Worcester
published in
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
For One Year (including postage)
$10 20
cents.
*799,700,834
j Week Ending
Per Cent.
1883.
$5S0,37O,118
(740,000)
Boston
Providence...
Thb Commercial and Financial Chronicle is
New York every Saturday morning.
December 0.
Sales of—
679
telligenco
1884.
New York
Returns
678
675 I Investment and Railroad Ini
Range in Prices at the N. Y.
Stock Exchange
676 !
!
•
674
News
Money Market, Foreign Exchange, U.S. Securities, State
NO. 1,016’
Total Southern..
-10-9
-70
-35
—15-4
-2-7
1,888,820
+131
+ 7-2
-9-0
*32,741,243
-108
+1*9
*10,193,734
-14-0
i
CLEARING HOUSE RETURNS.
San Francisco
Total all
,
!
—10-4
exchanges, although in the
aggregate recording a los3 compared with last year in excess
The returns received by telegraph to-day from a fewr of the
of that shown on November 29, are quite favorable.
The leading clearing houses do not as a whole make so satisfactory
small decline exhibited by New York in our last statement
an exhibit when compared with last year, as for the five days
was due to exceptional causes, and therefore the larger loss how
ended with December 5, the loss now reaching 25*4 per cent,
seen occasions no surprise.
A gradual, though w*e must admit against 23*3 per cent at that date. But this is wdiolly due to a
small, improvement is taking place in the business of the
falling off in the stock speculation at New York. Boston,
country, and after the holiday season lias passed the clearings which of late has recorded each week a small decrease from
may be expected to more closely approximate the figures of the
figures of a year ago. now presents an' increase of 1*7 per
the previous season than they have for some time past. Many
cent.
Baltimore and St. Louis both show gains over a week
mills whicli had been shut down are resuming operations, hut
ago, the former of 6 per cent and the latter of 63 percent.
in numerous instances on a reduced wage basis. Cotton re¬
Philadelphia displays a small decline from last Friday (0’2 per
ceipts have been very free, reaching a total in excess of any cent), hut so small as to be unimportant.
previous season at this date, and the exports have been heavy,
Fire D'ys End' g Dec. 5,
Fire Days Ending Dec 12.
those for the week ending December 5 being the largest on
For the week under review the
*870,908,291' -1,131.707,190
-22-5
> 4
1,4
*
•
.
record.
At New York the
exchanges exhibit a decline from 1883 of
The share transactions on the Stock Exchange
cover a value of $118,492,000, against $172,004,000 a j'ear ago,
and if we deduct double these amounts from the clearings
there remains $349,388,418 and $455,698,834 representing the
exchanges otherwise arising, or a loss of 23*3 per cent. Out¬
26’7 per cent.
1.884.
New Yora
Sales
of Stock (shs.)
Boston
!
Philadelphia
Baltimore
St. Louis
j
Total
!
*450,020,011
(1,588,821)
$01,393,339
35,799,058
9,818,001
1883.
*033,009,836.
(2,083,304)
Per Coit.
-28*8
(-23 7)
1884.
$503,12',230
Per Cen t
—255
(1.425,853) | (-15-4)
—4.0
*02,441,031
-19-0
45,033,550
$00,345,731
+1-7
44,8:0,457
—201
11,723,704
15,021,278,
-10-3
10,429,322j
-22-3
13,210,150
—15-4
13,352,280;
-2P7
*570,847,005
*765,007.000
251
*034.38 ',305;
-233
.
-
THE CHRONICLE
664
THE FINANCIAL
Failures in financial
SITUATION.
1879-80.
here and two others at
Syracuse, an annual statement of New York Central’s busi¬
ness so arranged as to appear about as adverse as possible,
the continuance and unfavorable outlook with regard to a
settlement of the rate
circles,
war
[VoL. XXXIX.
one
between the Central and West
Total of All Lines—
Operating expenses
Net ea*nings........
The result
of
1882-83.
\l883-84.
|
$
$
$
$
$
110,545,440 115,412,574 116,122,145 125,194,087 114,792,689
03,212,531 j 70,391,60 i 72,923,927 77,543,791 72,3S1,?80
.
Gross earnings
1880-81. 1881-82.
47,332,909
45,020,911; 43,193,218
47,650,293| 42,411,103
the
foregoing appears to be that the
Pennsylvania’s net is almost equal to last year's ; Baltimore
& Ohio's, although a million less than 18S2-S3, compares
well with previous years, while the Central and Erie pre
sent a large loss.
The Erie’s net for 1878-79 was 4f mil
lions, New York Central’s was 12J millions, Pennsylvania’s
of the coal combination and
Granger hostility to railroads
in the Northwest, have been the special food Wall Street
was fed on this week.
Of course prices fluctuated, but in
the main have declined, for in the nature of things there was
13d millions, and Baltimore & Ohio’s was Cd millions.
can be now but little outside support, and the tendency of
There has been no progress made this week in the setthe inside crowd seemed for the time being to favor a break.
tlement of the difficulties between the West Shore and
No essential change has however occurred in the gen¬
New YYrk Central, so far as the public is aware.
Rumors
eral business situation. Considering all the circumstances, are
abundant that the Central virtually owns the majority
the near approach to the close of the year—when mer¬ of
the West Shore bonds, and when, the foreclosure pro¬
chants as a class buy only to meet pressing wants, seeking
ceedings are pushed after the first of January this will
to decrease stocks to the lowest limit—and the large losses
become apparent.
There is, however, no evidence what¬
through failures and declining prices which have been ever of the truth of the report. The general public would
experienced so widely during past months—preventing like to have it so, as it would conserve both properties,
many from enjoying the pleasure of making holiday gifts since
living so near together and yet apart, means con.
to the usual extent—there is a better amount of business
stant bickerings,
if not open warfare.
Up . to this
in progress than the public had reason to expect.
No one time though, whether the adjustment of .the difficulty
looked for any unusual distribution of holiday goods, or
is near or remote, or whether it will end in a union
for excited or reckless buying of any kind; and there has
or
a
patched-up peace, is not known, nor is it likely
been nothing of the sort, nor any lack of caution shown,
to be known to outsiders much before the event is
but still a pretty constant distribution of merchandise has
accomplished. The Receivers of. the West Shore, not¬
been in progress. Our monthly tables of railroad earnings,
withstanding this contest, state in their report of opera¬
published in a subsequent column, show badly; but it tions for the three months ending with September 80th
must be remembered that they compare with very large
that they netted $20,147 after meeting all charges includ¬
figures last year, that they cover two weeks in November ing interest on receivers’ certificates; and it is understood
of as poor mercantile business as lias ever been experi¬
that they claim to have earned a net of about $18,000 in
enced, and that in many cases, in which we have weekly ()ctober and a little more in November. These results
(which
reports, the later weeks appear to have improved, while are
by the way peculiarly uniform for such a narrow mar¬
for the first week in December, so far as received, the
gin) seem quite surprising under the circumstances. But
traffic figures afford the best comparison shown for a long
they suggest this inference, by parity of reasoning, that
Shore^ rumors of a rupture
the threatened renewal of the
time.
if the West Shore with its limited and imperfect connec¬
favorable feature of the tions and facilities can make its expenses now show net earn¬
New York Central report commented on in another arti¬
ings. the New York Central with its greatly superior ad¬
cle, and that is the large tonnage and passenger movement
vantages, immense tonnage and passenger traffic (as shown
recorded, notwithstanding the West Shore competition. The
above) ought to furnish a better exhibit than has thus far
supposition was that a decided falling off in traffic would been
published. Still we cannot advise our readers that
result from this opposition. But instead of that, passengers
it is safe to wander far from actually developed facts in
We cannot but refer to
show
a
considerable
a
very
increase
(wholly
on way passengers,
reasoning about railroads at war.
through being thirty-two thousand less in num¬
A little unpleasantness seems to have broken out this week
ber), while the tonnage movement exhibits a smaller ratio of with regard to east-bound passenger rates over the trunk
loss than there was reason to expect. When we remember
lines, though it does not appear as yet to have led to any seri¬
what a poor year comparatively 1SS4 has been for all our
ous results.
It seems, or at least it is so stated, that Michi¬
Industries, the inference from these figures as to future
gan Central and the Grand Trunk have refused to : ign the
results, if rates can be maintained, is certainly the opposite of
Chicago east-bound compact, which prohibited the roads
discouraging. This report of the Central enables us to fur¬ from
paying commissions to agents. The refusal prevents,
nish our usual comparison of the business of the four trunk
of course, for the time being, the execution of that agree¬
lines. The fiscal year of the 1 Vnnsylvania does not close with
ment; as however it has not. been followed by general
September, so we make up that statement from the monthly
cutting, it is to be presumed that the difference will in
figures. The foil owing is the record for five vears.
some way be adjusted.
The Southern rate war still con¬
! 1S79-80. 1880-81. ! 1881-32. ] 33*2-83. 1883-81. tinues in full operation; this involves Louisville & Nash¬
j‘<
•isiii'tit<i i—
*
*
!
*
$
I
1
*
1
I
ville, the East Tennessee, and Cincinnati Southern, and at
Gross oarniius
4o,35s,O70! 43,891,05)0 47,133,715!j 51,0 31,5.55 49,583,430
the moment there is an apparent desire on all sides toOperating expenses
20.3S0.108' 25),510.0.47
j
32,180,132' 30,780.022
Net earnings
10,1)70,737 17,004 528 17,023,009 1-,904,473 18,801.811
prolong it. As the World's fair at New Orleans opens
jY.lV'c i>t. tV llihl. Lie. :
!
!
!
|
next week, it would seem as if those roads would soon
Gross earnings
33,!7 P13; 32,348,390 30,028,731 33,770,722 28,148,009
17 S 10,31)4' IS*.401.780' 15),395,5)74 20.750,591' 17,845),3 1 3
Operating expens :s..
have a new and pretty strong inducement for keeping the
Net earnings...
15.320,019; 12.883,010 11,232,807 413,020,128j 10.29S),350
peace.
All other pool arrangements, so far as has been
UVO.
JY. 1*. L. Lrlr
j
!
i
1
20.55)3
572
Gross earnings
17.0l«.O70
18,05)3,1 OS 20,715,003 19,975,774
developed during the week, have remained undisturbed,
11,013.1).>5 13.250,230 [ 13,088.003 1
12,009.338
Operating expenses.
but there were reports yesterday, of possible trouble
7.0 la, 1 S3
Not earnings
7.019,872
7.430,375; 0,8'7,081
5,045),038
1
X Ohio—
| is, 403.S77, 18.3S3.S75 IS),730.838 IS), 430,008 among Western freight pools which expire Jan. 1, and
Gross earnings
18,317,710
this helped to unsettle the market.
Operating ox, enses.. 1O.O30,770 11.300.4 70 10,5120,213 11.034,015 11.' 70,307
Foreign exchange has been lower, falling one cent per
Net earnings
7.080.070
•7.073.35)8
7,45 J,002
8,705. S‘23
7,70().o0l
Not including Pennsylvania A: Ohio leased line.
pound from Monday to Thursday, still, however, keepthose carried
n
•
,
.
>
<v
-
1
!
i
,
'
December 13,
THE
1884.]
CHRONICLE.
ing some points above the gold exporting figure; but yes
terday, there was an advance again of one half centThese high rates are not easily explainable on the basis of
the trade balance.
We have been undoubtedly exporting
largely and importing sparingly. A good illustration of
our exports was the New York export list, issued this
week; the articles
pages
were
so
numerous
that it covered 23
665
December
Gold.
December
13, 1883.
Silver.
Gold.
Silver.
A
A
A
-
A
Bank of
England
20.811,971
22,066,711
40,934,241 42.228.153 38.511.054 40,104.427
6,963,125 20.889,375
7,357,750 22,073,250
Bank of Franco
Bank of
Germany
Total this week
Total previous week
68,709,337(63,117,528
....
of manifold, showing the varied nature of the
movement
11, 1884.
167,935,515 62,177,677
C8,411,397163,185,513 167,870,316 62,232,431
in progress;
The Assay Office paid $167,090
for not cotton or wheat, or
through’ the Subproduce alone, but almost everything is going out, Treasury for domestic bullion during the week, and the
the depression in prices permitting it, and the slack Assistant Treasurer received the
following from the Cus¬
trade at home inducing it.
Our trade balance was tom House.
large in October, and ought to be larger in Nov¬
Consisting of—
ember
and December. • It is difficult, therefore, to
Date.
Duties.
77. S.
Gold
account for the high rates except on the supposition that
Silver Cer¬
Cold.
Notes.
Cer tide's.
tificates.
bills have .been very largely absorbed for investment.
Dec. 5.
$438,272 03
$5,000 $167,000 $71,000
$195,000
Probably the turn upwards yesterday was due to the panic
6.
2,000
234,029 89
100,000
25,000
106,000
8.
154.000
6,000
393,193 17
reported in Vienna, Austria, following the failure of the
28,000
205,000
9.
331,429 33
7,000
123.000
129,000
72.000
Bohemian Mortgage Company.
A few days ago a cable
10
176,129 75
3,000
73,000
35.000
62.000
11.
dispatch stated that this failure was imminent and that if
206,905 06
91,000
1,000
22.000
93,000
the company did collapse it would involve the downfall of
Total
$1,779,939 23
$24,000
$719,000 $253,000
$784,000
many savings banks and ruin a host of poor depositors.
now
“
“
“
“
“
The United States
of
directly affected, but
may and probably will disturb European
money markets more or less, it undoubtedly had an influ¬
on
ence
exchange here. The Baltimore k Ohio loan is
not expected to supply any bills at least for the
present.
Jt is reported to have been taken by a
syndicate in this
city. They take 7 millions firm, with the privilege of the
remaining 3 millions.
The only new feature about money is a better demand
for time loans which, on stock collateral, are -1 per cent for
four and 5 per cent for six months.
There is also a good
movement of money at interior points, which is reflected
in the fall in the rates of domestic
exchange at all impor¬
tant centres, east, west and south.
The following state¬
ment, made up from returns collected by us, exhibits the
week’s receipts and shipments of gold and currency by
the
the
as
are
course
not
failure
CENTRAL'S EARNINGS AND TRAFFIC.
New York Central
Of
course
it does
report is the feature of the week.
not make
favorable
exhibit, and of
meeting the dividends paid.
This deficit on an 8 per cent basis is but a trifle short of
2-1-'millions, while in the previous year there had been a
surplus on the same basis of $179,000, and that presents
sharply the difference in results between the two years.
But though 8 per cent was paid in the year, it was not
paid
out of the year's earnings;
only 7.1 was paid, which would
leave a deficit of about 2 millions.
Opinions may differ
as to the wisdom of the
policy of paying unearned divi¬
course
there is
dends, but
as
a
a
deficit in
the rate has
now
been reduced to 6 per cent
(calling for $1,788,566 less than the 8
per cent rate
it would be
New York banks.
Week Ending Ike. 12, 1834.
Currency
Received
by
N.Y. Banks.
11,179,000
Gold
Total gold and legal tenders.
Shipped by
N.Y. Banks.
f1,179,000
Net Interior
»
Movement.
$301,000
*1,450,000
Quin..
$87S,000
Logs..
1,450,000
$1,751,000
Loss..
$572,0(0
*$1,358,000 of this was transferred in tlie shape of silver certificates
by a deposit of gold in the Sub-Treasury.
The above shows the actual
changes in the bank holdings
caused by this movement to and from
does)
unprofitable to discuss a matter that relates
wholly to the past. Suffice it to say that according to its
showing the company had a large surplus (represented by
property and plant of course) from previous years that
could be employed for this purpose.
It is well to note
that on a six per cent basis the deficit would be only about
$700,000—that is, the road earned 5-22 per cent for its
stockholders in the 12 months.
of
adversity the worst
In other words, in
a
year
experienced by the road it can
of gold and currency
still show above 5 per cent on its stock.
the interior. In addition to that movement, the banks have
The disposition, however, is to make the most of the
lost $300,000 through the operations of the Sub-Treas¬ * falling off in income; and there is also a
pretty general
inclination
to
attribute
the
decline almost wholly to one
ury.
Adding this to the above, we have the following,
winch should indicate the total loss to the New York circumstance—the completion and competition of a
par¬
allel
rival.
AYe
are
asked
to
believe
that
the
weak
and
Clearing House banks of gold and currency for the
week covered by the bank statement to be issued to. puny stripling, AVest Shore, has proven a David to
bring
down
this
Goliath,
and
that
day.
pretty soon ‘the former will
stalk over the prostrate body of the latter.
A few
Week Ending !><i. I,\j, 1834.
i Into Ranks. Out of Bank.si
Change iu
moments’
reflection
would
convince
any one
how
•J Bunk Holdings.
is
absurd
a
such
oO
o
? 1,179,000
Loss.
94+
claim, but facts and figures can
$570,000
Sab-Treasury operations
Loss.
509,000
590,000
he cited no less conclusive.
In the first place, the com¬
Total gold and legal tenders
\ $1,17!
$1,179,000
i,000 i $-2,251,000 if.oss. tl,<Q0,u00
petition of AVest Shore must be regarded as insignificant
The Bank of England gained £632,000 bullion during
alongside of the other unfavorable features of the year.
the week.
This represents £191,000 received from abroad Business
depression of an unusually severe Hiaraeter,
ever
1
■
and £111,000
from the
interior of Great Britain.
The crops (season of 1883) deficient in quantity some of them
Bank of France lost S.206,000 francs
gold, and 1.234,000 and in quality the rest, combined with unsatisfactory prices,
francs silver, and the Bank of Germany, since our last intense
competition for through business from Chicago
report, shows a decrease of 190,000 marks.
The follow¬ east, complete demoralization of rates at times, and a
ing indicates the amount of bullion in the principal Euro¬ diminished export business—these are the circumstances
pean banks this week and at the
corresponding date last that account for the Central's
of income,
year.
if in
spite of this
any one
large reduction
persists in 'crediting the AVest
Att
1*nr"J
THE
666
CHRONICLE.
Shore with all the mischief done, let him refer to the Bal¬
timore & Ohio
exhibit
covering the same twelve months
and showing a loss in net of nearly a million dollars.
Is
the West Shore responsible for that loss ?
Aside from
this fact, however, the Central has always proven an excel¬
lent barometer of our industries, rising and falling with
their progression and recession.
To bring this out
plainly we give below a synopsis of its yearly results since
offers
at
Gross
Operating
Expenses,
Net
iSeptember 30.
Earnings.
Interest and
Income.
1873
Surplus.
1874..
1875
1676
1873.
1874
1875
1876
1877
1878
18:9
1880
1881
1882
1883
33,770.722
28,148,(509
1884
19,603,793
21,937,031
21,688,023
20,833,513
19,635,738
20,872,109
20,802,098
1
1
u net
for the stock
serve
siTO
9,523,057
9,713,354
47 9.1 i si'll
8,038,445
22,60(5,693.
7,594,485
10,509,220
7,141.513
7,339,195
7,213,075
0,943,347
24,455,5*59
7.892,827
24,S84.876
5,743,903
20,443,506
23,479,909
7.327,150
4,608,769
.
-j- 2,886,267
-r
2,570.470
-f-202.516
-j- 73,547
-197.312
~
7.139.528
898,917
-f 454,957
-f 3,427,707
-f 751.481
7,133,343
7,145,513
7,148,132
7,159.014
company’s traffic
1,166,993.
1,074,019
250,173
300,260
1,338,341
1,318,648
S29,583
352,820
248,402
1,883,249
2,100,163
1880
2,0*7,626
1882
£79,757
357,473
1,523,1-07
1,452,159
1,182,9:8
Total
East.
We t.
Tons.
2'ons.
Tons.
1,132,637
2,492,031
2,061,689
2,620.191
2,899,087
2,646,810
3,901,186
4,702,998
1,898,053
2,032,823
2,006,854
2,236,660
2,033,078
2,285,918
2,734,647
3,394,941
4.360,087
4,697,512
4,627,045
5,135,753
4,679,888
5,563,762
6,635,833
8,097,936
|
242,254
i
Wag Freight.
1,417,100
1,371,909
1.667,927
1,671,468
2,131,651
2,379,920
2,435,099
3,277,844
—
1
—
1,401,610
-j-179.024
2,490,884
particularly at the column
income,” showing what remained each year
after meeting all charges and expenses.
Ob¬
more
that in 1874 there remained for the stock $9,713,354
the
Thus
the
Total,
Tons.
436 497
9 -ion OSin
5 484 870
3 613 424
O OGO Qflj
582,800
2,106,707
1,813.320
5,297,010
3,926,640
3,539,355
3,351,804
9,223,686
9,079,120
361,161
312,078
5,539,765
5,365.518
1.495,066
mo
7,130,700
7,136,884
7,130.679
7,139,528
7,110,659
7,139,52S
Let the reader look
headed
47 U71
Tons.
1879
1884
*i 7 (508 8nr>
|25 5^0 675
29,12(5,850
31,650,385
29,027,218
28,046.588
26,579,085
28,910,554
28,390,583
33,175,913
82,3-18,390
30,628,781
West.
Tons.
899,383
1883
Rentals.
1872
East.
1881
Dividends.
a history of the
period.
Through Freight.
Years.
1878
Year ending
glance
a
movements in this
1S77
1872.
lVol. XXXIX.
Central’s
local
8,717,352
(or way) tonnage, though
below that of other recent years,
is close
up
to the best
figures previously made. On a tonnage of nine million
compared with last year is only 362,000 tons (4
per cent), and compared with 1882, the very best year, is
506,000 tons, or 54 per cent.
If we bear in. mind how
bad general business has been, and what an effect this
must have had upon traffic of all kinds, the loss given
seems
no more than could
have been expected without
any encroachments from • rival • lines.
But in through
tonnage the loss has been very heavy—in fact, is nothing
less than surprising. In 1881 this tonnage reached its maxi¬
mum
on
the Central, and amounted to 2,493,085 tons;
now it is down
to 1,495,066 tons, a loss in three years
tons, the loss
year's operations ; that this gradually dwindled
down, till in 1877, only three years after, it amounted to
but $6,943,847 ; that three years later (1880) it had risen of a million tons !
And
this
has
been, as said
to $10,569,220, from which it has now fallen to $4,668,760,
going on steadily during the whole period. In 1882
Thus the Central’s fluctuations in income have been wide the falling off was 386,000 tons, in 1883 293,000 toHS, and
and extreme in years past, before the West Shore was in 1884 318,000 tons.
The total is lower now than in any
even a thought or a dream.
Industrial conditions gov¬ year since 1875. Short crops and diminished export busi¬
erned the changes then, and they account in large part for ness explain the decrease in great part, as is evidenced by
the changes now, though no doubt the competition of West the fact thaf the falling off is largely, almost exclusively,
Shore and other lines has made a naturally bad situation in east bound tonnage. It is to be noted, too, that of the total
much worse.
This distinction between the causes at work falling off of 3IS,000 tons in the past year, 270,000 tons
it is important to bear in mind, because if the present loss was in east-bound and only 49,000 tons in west-bound.
were
wholly or in large part the result of the competition This is significant, because on the former the West Shore,
of West Shore, the loss might be regarded as more or less lacking Western connections, has scarcely any hold what¬
permanent: whereas if circumstances relating to the general ever. The same state of things as between local and
industrial situation are responsible for the change, a recovery through traffic that we find to exist in freight we also find
on revival of business is as certain as the reaction we arcto exist in the passenger traffic, as witness the subjoined
now
going through from the times of 1880 and 1881. table of the movement for live years.
The Central lost heavily between 1874 and 1877. and
!
1S79-S0. i 18MI-S1
1881-82. ! 1882-83.
1883-84.
i
quickly recovered this loss between 1877 and 18S0. To be
of
Number
through!
sure the former loss was the result chiefly of a
great fall
136,736
164,561
108,584
passengers carried ...^
207,496;
123,023;
in rates, while now it comes in great measure from dimin¬ Number of way passed-;
1
irer» carried
"...J er. Z, H-* 8.735.6SS 10,101,483 10,578,341 10,921,203
ished tonnage ; but the moving influence—industrial stag
Tut ;tl
! 8.270,1-57 8,900,249 10,308.979! 10,746,925 11,057.939
nation—was the same in both periods, and when this has
Here we have the largest number of way passengers
ceased to exist, recuperation and growth will- be no less
on
record. The increase over the previous year is 343,000,
marked than they were before.
and
over four years ago is 2;millions.
But we have other evidence that the West Shore has
But the through
done the Central but comparatively little harm.
The passenger traffic has declined from 207,496 in 1882, to
The opening of new routes (of which
Central's strength is supposed to lie in its local traffic, 136.736 in 1884.
and it is this traffic that West Shore has taken upon the West Shore is one) no doubt accounts for some of
itself to divert.
Through freight we know to have been the decline; and it is possible also that this kind of travel
demoralized for several years, and divided up among an may be much less now than in tin- height of our pros*
increased number of competitors.
We have pointed out perity.
on
t
■
t
1
\
1
1
.
in
previous reviews what the Central has suffered in thi’s
respect—a loss very heavy in amount, despite which the
road managed to do quite well, because it had such a
superb local traffic to fall back on. Now comes the West
Shore, and proposes to cut into this vital part, and
already boasts of serious inroads upon the same.
But let us see what it has accomplished.
The follow¬
ing is a very interesting and instructive statement of the
company's freight traffic for 12 years. It gives botli
through and local tonnage, east and west-bound, and
THE WESTERN FARMERS'
The
Detroit
CONDITION.
Post, published recenTy a letter from
Mr.
Maclver, Secretary of the Detroit Board of Trade, show¬
ing the cost of producing a bushel of wheat in Michigan.
We refer to it here because the
foot
inquiry which was set on
by Mr. Maclver and the commercial editor of the
have been conducted with great care and
diligence, and the results reached are therefore entitled to
Post,
more
appears to
consideration
than such
compilations usually are.
December
importance of
The
667
THE CHRONICLE.
13, 1884;]
the investigation it is not necessary to
farmers extend
their
•
planting to the extreme limit of
ability, conducting their operations always on borrowed
money; still others are poor managers, and need a wide
margin to secure any profit. But the fact that wheat can
be raised without actual loss, by men who understand their
reduced to a struggle for survival.
business, and do not discount their expectations, for about 45
Mr. Maclver’s results cover every step from plowing the
to 50 cents per bushel in Michigan, furnishes probably on
field to the delivery of the grain in Detroit, and appear to
the whole a pretty fair standard for a large portion of
include each item of expense at what wo would call its
the wheat-growing section.
maximum. Thus, for instance, instead of assuming that
especially at this time, when under the stimulus
of high prices, wheat cultivation has been pushed in all
countries until production is overdone and the contest is
speak of,
These thoughts suggest a benefit which it is hoped
his implements and horses, he averages
It should certainly
these at the cost of hiring them, which covers interest, may follow the experience of this year.
w«ar and tear and renewals : for the labor he allows full prevent the single crop plan from prevailing again so
widely soon. Wheat has been such a profitable venture,
wages and board, so that in cases where the farmer and
that in sections of the West it has been cultivated to the
his sons do the work they get their living and a certain
exclusion of all things else.
And vet the soil is rich and
remuneration for their time ; so also repairs, manure and
suitable for raising numerous crops.
If the farmer could
rental are included, the latter on a valuation of sixty
also be induced by his late experience to turn his attention
dollars per acre ; altogether, therefore, there appears to be
more largely to meats, it would be a public benefit.
Not
in the total price given per bushel not only every possible
outgo, but all items necessary to- reimburse the owner for only pork but beef and mutton ought to receive more gen¬
eral attention.
his work and capital and to permit of the farm being kept
up in good condition, improving in value all the time.
On such data as these Mr. Maclver makes the total cost THE SPANISH AND
OTHER COMMERCIAL
in that State of a bushel of wheat delivered in the elevator
TREA TIES.
the fanner owns
O
%j
'
at
Detroit at about 79J cents per
pose of showing the scope of the inquiry and
cost, we give the following particulars of his
1
For the pur¬
bushel.
the details of
results.
Cls.
Per bushel.
Plowing (including wages, Lire of plow, &c.)
Seed, on the basis of $L per bushel
8e€ding, rolliiur, harrowing, Ac
Heaping aud binding, including wire or suing
Btaeking or hauling to barn
Threshing
Direct cost of production per
Add:
—
-
63
03*
50
47
50
00
48 22
bushel
3 00
Hauling to railroad
Annual repairs, &c
Kent
i
3 33
15 23
bushel
70 78
Transportation aud charges.
Total cost in Detroit
0
1)
0
8
4
7
(including elevator) per
10 00
This, under the circumstances, certainly seems to be an
encouraging exhibit. Of course we do not mean that
at current
prices (75(2 70 cents at Detroit) the above cost
but these figures do prove
leaves the farmer in affluence;
in the
desperate condition so many claim.
It is to be remem¬
bered that there is no reason for anticipating that
the values of this year will prevail hereafter.
The
present season is an exceptional one for many reasons.
In the first place, the stocks of wheat with which the
year began were very large ; then the planting in all
that
farmers
as
a
class
are
not by any means
unusually wide area ; besides,
the weather
was
remarkably favorable everywhere.
These conditions are not at all likely to occur together
again ; one of them is certain to be changed the coining
lummer, for the low price will most assuredly curtail
planting, at least in countries other than the United States.
Finally,.this year is a remarkable one for the small earnings
capital lias made in all departments of business. Com¬
paratively few have secured interest on their investments
in productive enterprises, so that meagre returns for prod¬
uce is in keeping with the times.
Per these reasons, then, according to this estimate, the
average Western farmer’s position is not a peculiarly hard
one.
It seems that he receives back all his disbursements
other countries covered
for the year,
an
full interest on his stock and implements,
together with sufficient for wear and tear and renewals,
besides his living and fair wages. This we say on the
supposition that his farm is not mortgaged for its full
value, so that he will save enough on the item of interest
to
bring the estimate of cost within the current price for
wheat. It is to be presumed, also, that his sales of
other produce have shown a better margin.
Of course,
these statements cannot apply to every case, for many
promise held out by the Spanish reciprocity treaty
tempting that one cannot help feeling reluctance in
enumerating the objections against it, and regret in admit¬
ting that the objections outweigh any possible advantages
In certain important respects such
to be derived from it.
treaties, and particularly that with Spain, offer us precisely
what those who appreciate the value of the foreign trade
could most desire.
They open to us the very markets
into which we ought to enter, and give free admission to
an extended list of articles of American production, while
The
is
so
of goods are subject to light import
the proposed privileges to merchandise
carried in American and Spanish vessels, encouragement
which is greatly needed is given to our languishing
Then, too, there is an apparent flavor
merchant marine.
of freer trade in these arrangements, and though it is only
an imitation and a counterfeit of the real, it lias its fascina¬
tions.
Finally, the Spanish treaty has the merit of being
a
that would dispose of a large part of the
measure
unnecessary and demoralizing surplus.
Beside the fundamental objections to this and all
other like
treaties, there is a special one in this
case,
and that relates to the
provision permitting
raw sugar, molasses and other saccharine
material from
Cuba and Porto Rico to enter the United States free.
Not to discuss the general question whether or not a duty
should be imposed on imported sugar, would not the dis¬
crimination which this treaty creates be a great commer¬
cial mistake ? From Cuba and Porto Rico we obtain some¬
where about two-tliirds of our total importation of sugar
and molasses, and more than one-half of our consumption.
If it were possible to get our whole supply from Cuba and
Porto Rico, the removal of the duty would reduce the cost
just by so much. Manifestly we cannot obtain all our
We take at present sub¬
sugar from Spanish America.
stantially the whole crop of these islands, and it is insuffi¬
cient for our needs.
Until Cuba is in a more composed
state internally, a large increase of its crop is improbable.
What then ? We must, as before, resort to Brazil, to the
English West Indies and the Dutch East Indies, and to
other countries and islands, to complete our stock.
On all sugar brought from points not covered by
treaty,
The price
a
duty would
be levied.
of this part of the supply would be necessarily higher than
|
Yet as there must be one price for
that of Cuban sugar.
many other classes
duties. By limiting
6 58
THE
CHRONICLE.
all sugar of the same grade, when sold in our
markets,
and as dutiable Brazilian and Jamaican and Javan
forcible is it when it is
[VOL. XXXIX.
question of agreeing to a large
preclude the Government, siq>
could not be sold at the natural price of untaxed
sugar posing the policy to be carried out in full, from
levying
from Cuba, the price of the sugar brought in from the duties
upon any of the products of the western hemi¬
Spanish islands would naturally be advanced by nearly or sphere.
quite the present amount of duty. Otherwise no sugar
It is, we repeat, a pity that the
arguments against the
could be imported except from the countries with which
reciprocity system are so s'rong. We need an ex'ension
we had a
treaty; and in that case the fact of an ex¬ of our markets ; the mercantile .-marine is suffering for
tremely short supply would enhance the-price to the point something to give it a vigorous push ; the people arc suf¬
where other sugars could come in.
The partial free trade fering from over-taxation ; and a way to reduce the sur¬
would for these reasons be of little or no
advantage to the plus must be found. Yet, although these treaties would
consumer.
This is just what has happened on a small
partially or wholly meet each of the four necessities men¬
scale in the operation of the Hawaiian treaty.
tioned, and although credit must be given to the adminis¬
But we cannot stop to dwell upon this, and some other tration for the best intentions in
concluding this series of
special objections to the treaties with countries of the treaties, the principle upon which they are based is decid¬
American continent and adjacent islands.
The system is edly to be condemned, and a wise conservatism will, though
not to be sustained upon
any sound political or commer¬ not without a sigh of regret, say that they should not be
cial grounds.
Experience shows that reciprocity treaties sanctioned by Congress.
rarely or never givre satisfaction to the high contracting
parties. Witness the great discontent of France a few
RAILROAD EARNINGS IN NOVEMBER, AND
years ago over the imperial treaties with Great Britain
FROM JANUARY 1 TO NOVEMBER 30.
Austria and other countries. Witness the Canadian recip¬
Railroad earnings still reflect an
rocity treaty of 1854 and the Hawaiian treaty, which it
unsatisfactory state of
is proposed to renew, and which had hardly taken effect business.
Our exhibit below for the month of November
before complaints of its making began to be heard and records no change for the better.
On the contrary, the
is
decrease
intrigues for its abrogation to be initiated. Such treaties
larger than heretofore, both in amount and in
seem to be, but are
the
number
of roads reporting.
not, steps in the direction of freer trade.
Out of 57 roads in the
By their one-sided operation, by their apparent favor¬ table, 41 show less favorable results, and only 10 better
itism, by their tendency to foster monopolies in trade, by than a year ago, the total on all the roads given in our
their derangement of markets and industries—in these and table netting a decrease of $1,800,000.
In October the
other ways they become increasingly unpopular, and loss was $1,457,748 on G7 roads
reporting; in September
rarely last out their term without causing gen¬ $1,138,152 on 52 roads, and in August $1,283,503 on 54
eral
in
dissatisfaction.
If
any
such a roads. It is to be said, as heretofore, that the present
respect
treaty is successful, the happy consequences are attributed figures compare with exceptional gains in previous years,
to the skill shown in the draft of that particular treaty. which somewhat relieves the exhibit of its unfavorable
sugar
All its failures
are
laid to the account of the free trade sys¬
tem, upon the principles of which it is popularly, but erro¬
a
number of treaties which
character.
All the elements
tending to interfere with railroad traf¬
neously, supposed to be based. As a matter of fact the fic in previous months were present in November, and in
principle of commercial treaties is at variance both with addition there were some unfavorable influences peculiar
free trade and with protectionist theories, and a measure to that month. Tims the Presidential election, both before
which can be justified logically by neither school of. econo-> and after the votes were cast,
seriously impeded ordinary
mists is surely a mistake.
business affairs, and caused a check in business transactions
Most important of all is the consideration that the that the railroads could not but reflect.
Then there were
Government parts with the most precious attribu e of its in the present November five
Sundays, while the previous
sovereignty when it agrees to such a treaty. Certainly November contained only four. As to agricultural prod¬
we
do not now need the tax on sugar.
The Treasury ucts, the increased movement was of consequence in only
is overflowing, and we are at peace with the world. one section of the country—the
spring wheat district of
But
can
no
one
predict what may happen in the Northwest—while many roads actually suffered a fall¬
seven
years,
and he would be a short-sighted ing off in the carriage of cereals. In cotton the aggregate
who
would
statesman
sign
a
treaty
expressly receipts, as reflected in the movement at .the ports, were
binding the Government not to levy an import duty upon greater than in 1883, blit the increase was by no means
sugar for seven years to come.
That, however, is what uniform nor common to the entire district.
the Spanish treaty does in effect, to this extent: that it
Finally, it should -be remembered that the prevailing
cuts down the yield of the sugar tax one half or more, industrial
stagnation operates not only to diminish
and puts it out of the power of the Government to re-impose the volume of all kinds of traffic, but also to reduce
a duty on
that part of the importation which is to he the rates of transportation, and .thus involves a loss
exempted from taxation, or to increase the duty upon the of earnings in a double way. With regard to the
other part which is still subjected to duty.
For of course great east-and-west trunk lines, this latter fact has long
any attempt to increase that duty would stimulate the been apparent, but other lines are not exempt from the
production of the sugar which might come in free, and so same influence—especially now that farmers are able to
the object aimed at would be defeated.
It is true that realize so little for their, produce. The St, Baul Min¬
tariff changes in the direction of commercial
Manitoba, the Northern Pacific, and Union
liberality neapolis
which are made by law render it difficult to obtain from Pacific, are conspicuous instances of roads that have
other nations concessions which, in the absence of law? recently
publicly announced reductions in their rates in
they might be willing to make by treaty* But this disad¬ conformity with the needs of the times, but doubtless
vantage is less serious than is that of being unable to there are many other roads of minor importance where
adopt whatever measure of taxation the exigency of the reductions have taken place unheralded. The following
time seems to demand.
If this principle is a sound one shows the effect of all these influences
upon the various
when applied only to a single treaty much more sound and roads
reporting.
December
THE CHRONICLE.
13, 1884.)
GROSS
EARNINGS
AN!»
MILEAGE
Oross
Name of
Earnings.
Road.
1884.
Chesapeake «fc Ohio..
Eliz.Lex.ifc Big San.
So. W...
Chicago & Alton
Chic.
Eastern Ill—
Cliic. Milw. & St. Paul.
Chicago & North west
Chic. St. P.Minn. ifeO.
Chic. & West Mich—
Cin. Ind.'St. L. & Oh..
Cin. N.O. & Tex. Pac.
Alabama Gt. South.
Ches. Ohio
.
37,639
274,136(30,312
120,302
$
2,104.639
753.164
801,187
119.908
N. O. & North East.
Vieksb. Sc Meridian
Yicksb. Sh. & Pac..
Cleve. Akron *& Col
Henv. <fc Rio Grande.
Henv. & Rio Gr. West
..
*Des Moines <fc Ft. D..
Detroit Lans’g & No
Evausv. iV T. Haute
Flint & Pore Marq...
'Fin. K'y & N.IV. Go..
Ft. Worth
Denver..
fGrand Trunk of Can.
Gr. Ray Win. .X St, P.
Ill.Ceiit.(ril.«fcSo. Div.)
Do
(Iowa lines)..
1*98,996
211,264
225,268
122,914
91,124
54,037
234,425
108.-38
38,362
59,009
55,133
21,443
37.3 15
496.143
41,175
6 >,094
.
157,28
03,382
35, * 89
1,340. U 4
29,5 47
148,300
2:8,060
201,931
235.97 2
142,922
1
76,2 >3
180,555
1,131.285
.
30,300
Milw. L. Sh. X- West..
98.790
Milwaukee Sc North..
Mobile
Ohio
Norfolk Sc Western...
Shenandoah Valley.
Northern Pacific
Ohio Centra!
Ohio Southern
Peoiia Dee.vtEvausv.
Rochester Sc Rittsb...
St.L. A.&T.II. in.line.
Do do (branches).
St. Louis Ft.S. Sc Wicli.
8t. Louis & San Fran..
St. Paul Sc Duluth
St. Paul Minn. Sc Man
Texas A; SI. Louis
4 2,360
255,i 00
On
230,297
18,121
Wisconsin Central
182,509
1,307.391
60,129
103,913
44,1 6s
280,0 .2
261,636
78,6.8
58.983
90.300
1)8,7 6**
60.609
399,8 7 4
143,730
378,255
1>'4,543
81,829
..
-34,068
+ 159,191
—22,942
-307,639
—56.981
1883.
32,656
82,885
131,522
74,061
38,234
398,850
141,730
845,514
83,290
95,503
88
824
88
713
2,794
1,931
500
500
2,803
3.003
502
139
398
847
251
4.671
502
139
393
847
251
+ 10,296
+ 7,710
-48,023
-13,755
—79,662
—404,942
—44,374
4,804
3,860
1,297
—7.177
413
-22,268
—9,157
+ 14,106
+ o2, t 62
342
—3,830
—55,562
—606
143
260
—8.625
1 Id
361
493
110
—298,809
2,918
—18,284
225
—66,51*'
—53,131
17,912
1,(67
—
—1.050
+ 3,01-
—
—25,062
—31,339
-30,504
—160,631
—903
+1 •">,(> / /
—1,626
+ 13,475
—32,754
—14,272
+ 3,290
+ 1,024
+ 7,006
+ 32,741
+ 21,258
—
73
144
1.317
368
143
260
146
347
486
no
2,773
225
1.506
402
681
389
402
6^4
389
220
352
—
29,829
—5,153
1,80s
144
368
-34,180
+ 357
—77,333
14,699
—
410
34.2
336
296
196
1,317
—18,131
-1.9 4
—123.100
3,798
1,280
336
296
196
lit
170
144
—4,972
+ 33,690
43,972
1,270,022
95,011
00,6 39
41,524
+ 8.294
73,251
1,115,191
94,708
48,333
...
*
78,031
1,053,100
Kentucky Central
Long Island
Louisville &"Nashv...
552,005
107,680
25,837
126.760
59,797
234,619
44,214
1.638.973
47,831
1,119.610
Ind. Bloom. Si West,..
*Kan. C. Ft. S. A Gull
Marq. llouuh.
2,337,602
2,368,512
105.823
25,231
92,580
.
345,306
5s,051
132,812
583,074
113,000
89,555
13S4.
$
29,3 15
308,200
591,651
143,24 4
1,797,000
238,325
68,317
140,522
136,153
2,308,000
1,963.600
539,300
Mileage.
Increase or
Decrease.
1883.
$
Bost. Hoo8.Tun.& W..
Burl. Ced. Rap. <& No.
Canadian Pacific
Central Iowa
Central Pacific
NOVEMBER.
IN
200
352
2,065
2,065
135
374
221
528
502
240
2,153
212
128
251
294
195
138
182!
776
225
1,387 1
10,676
100
326
181
528
502
2 40
2.365
21 *>
12254
29 4
195
138
160
740
208
1,3-2 4
735
411
!
735
441
669
spring wheat the inspection for the month reached 8,801
cars, against 5,567 cars in 1883, while of winter wheat,
from the Southwest, the inspection was
only 893 cars,
against 499 cars in 1883, and that too after reaching 2,507
cars in 18S2.
It is this greatly augmented movement of
spring-wheat that gives the St. Paul such large earnings ;
and that the earnings are large appears by the fact that
though the total is $80,000 below 1883, it is $738,000
above 1SS1.
On the Northwest present earnings are
actually $56,000 smaller than in 1881. Another evidence
of the increased movement of spring wheat is seen in the
receipts at Duluth, which aggregate 3,390,235 bushels for
the four weeks of November, 1884, against only 1,401,950
bushels in 1883.
"With such a decided expansion, it is
not surprising that roads passing through that section, like
the St. Paul & Duluth and the St. Paul N Manitoba should
record
gains in earnings notwithstanding the prevailing
business depression. Below is the movement of all kinds of
cereals at all the leading Western primary markets.
RECEIPTS l'OR FOUR WEEKS ENDED NOVEMBER 29 AND SINCE JAN. 1.
Flour,
(Uhls.)
Chicago—
wks., Nov., 1884
wks., Nov., 1883
457,101
33 3005
since Jan. 1, 18>4
Since Jan. 1, 1883
2,837,904
4
4
2,880.700
Wheat,
(bush.)
Corn,
(bash.)
Oats,
(bush.)
Harley,
(bush.)
Eye,
(bush.)
3,950,705
2,7(51,1*73
21,502,531
10,551,205
2,080,340
1.022.903
197,472
3,5(0.188
54.903,779 3(5,. 82,199
1,380,594
5,2.33.14(5
533.700
3,0.37.111
09,899,415 33,900,200
0,90S,029
4,918,704
973,455
1,303,115
SJ500,359
7,338,090
10S.480
159,550
227,995
123+90
705.270 -2,509,89.5
2,184,432 2+53,339
075,879
847,485
4,350+70
5,418,37 J
21,480
30,054
297,828
580,538
475,587
815,352
2.292, *87
2 589+23
70,019
90,327
538,448
4 9,335
14.213
90+9 1
41.192
90,899
31,352
554,772
1,071,480
100,429
13 J,223
208,501
2-9,344
82,795
71,804
802
195+03
2,487
3,902.923
5.073.325
Milwaukee—
4
wks., Nov., 1.884
4 wks.. xov., 1883
Since .Tan. i, 1.884
Since Jan. 1,1863
St. Louis—
4 wks., Nov., 1884
4 wks., Nov., 1.88.3
since Jan. 1, 1884
Since Jan. 1, 1883
205,9 7
359.011
3,239.050
3,073,89(5
1,110.123
1,124.3(57
13,0(51,77 j
12,909,202
800,320
400,410
382,530
15,199,385
17,411,818
0,123,505
5,(95,810
10,422
(■8,103
1.084,975
1.274,013
15,018.401
285,090
250,482
5.499.083
115,008
15,007,599
0,309,099
1884
1883
10,378
11.388
1884
113.018
158.925
490,018
001,472
7,440.'.01
74,181
228,910
1,479,441
1.042.133
7(5,9 0
485,729
(5,377,195
1,558,417
1,418,051
582,720
3,804
194,073
14 ■>,1(5-1
2,098,904
2,07.1,313
80.478
101,870
85,0.51
1,110 020
970,904
34 079
3.319
252,108
13+97
720.8 40
990,07 i
153,302
19,785
727.005
1.903,190
41.250
35.200
r4,loo
89,720
8.93?,720 12,419.92*
8,581,870 19,958,790
479,050
071.0(5
005,200
9(53,025
2,303.41 1
355.885
3,303.039
792.470
0,895,380 3,421.999 2.007,537
80,(61.241 87,491,982 (50 511.107 13.200,079
0< ,290.251 107.137,481 50,78.3.050 10,149.530
09,977,887 72,595,750.52,872,302 11,155.751
428,791
4,758,540
7,190,535
3.222,434
113,799
150,404
1.304,948
1,458,878
596,945
Toledo—
1884
1883
1884
Since Jan. 1, 1883
4 wk-., N< v..
4 wks., Nov.,
since Jan. 1,
13,957
22,9 1(5
Detroit—
4 wks., Nov.,
•1 wks., Nov.,
Since Jan. 1,
Since Jan. 1, 1883
Cleveland—
Total (57
roads)
..
19,29 7,521 21,1< 8.07 4 —1,810,55+42,6l»3 40,996
4 wks., Nov., 1884
1883
4vvks., Nov
Since Jan. 1, 1884
Since .(an. 1, 18"3
,
*
Only tluvo weeks of November in each year.
wks., Nov., 1884
1883
Since Jan.1,1884
Since Jan. 1, 1883
1
4 wks., Nov.,
The time has
passed when, in scrutinizing a table like
the above, we could comment upon the roads that made
the most favorable showing.
It is rather now which
make the .least unfavorable showing.
In this sense, per¬
haps some of the Northwestern systems are to be singled
distinction; but in
truth
123,i;3(5
43,723
3,100
Peoria—
1 For four weeks ended November ‘29.
out for
15,040
10,371
141,010
there
is
little
room
for
3,745
(5,420
48,492
152,701
24,585
41,320
515.720:
290,047
1,009,720
043.910
Duluth—
4 wks., No A 1883
Since Jan. 1, 1884
Since Jan. 1, 1883
1 to 010
3,39>,235
s3+oo
1,401.950
11.172.890
0,133, no
789,81 il)
578,000
13,7 0
85s
12, ».<•>
34.708
193,3-9
13.913
0,120,417
3+32.219
5,570.5.53
Total of all —
1884! 1,02.3.577
970,711
wks., Nov., 18-3
4 wks.. Nov.. 1882
1.024,351
Since Jan. 1. 18'4i 8,0)2.:99
Since Jan. 1, 1883 8.459.058
Since Jan. 1, 1882 7,853.909 i
4 wks.. 'of..
i
11.821 829
8.717,074
7.150,808
7,184,070
choice, all, with very few exceptions, returning poor results.
Even the St. Paul, which in previous months, supported
It will thus he seen that the total receipts of wheat at
by a magnificent outturn of the crops in its territory, has
been able to equal, and even exceed, its large totals of interior points were over 3 million bushels greater than in
1883. this time falls about $80,000 behind, though the the four weeks of 1883, but that taking out Chicago and
additional Sunday may explain that.
The Chicago & Duluth, the total would not he materially different for the
Northwest, on the other hand, ha? the largest monthly two years. On the other hand, the receipts of corn were
decrease yet reported—over $400,000.
The difference in about a million bushels less, Chicago accounting for almost
the results between this line and the St. Paul, as hereto¬ the whole of the decrease.
We see in this decrease one
fore explained, is owing to the difference in the character reason why roads like the St. Paul & Omaha and the Bur¬
of their traffic.
The St. Paul, being chiefly a wheat road, lington Cedar Rapids A Northern have smaller earnings,
gets in full the benefits of the immense yield in the North¬ apart from the diminished number of working days. But
western section; but the Chicago & Northwestern shares
not only was the movement of corn less, but the move¬
in the wheat traffic to a very much smaller extent, and has ment of all small grains also fell off materially.
In oats,
besides lost in corn (an important item with it but not for instance, there is a contraction of nearly 2 million
with the St. Paul), and furthermore, very decidedly in the bushels, which like the falling off in corn must have been
an unfavorable circumstance with many Northwestern and
products of the mineral regions of Michigan.
As respects the wheat movement, we give further below Western roads.
Then barley shows a loss of nearly a
our usual table, showing that at Chicago the
receipts by all million bushels, and the receipts of rye have dropped from
roads in four weeks of November this year were about 792,000 bushels to 355,000 bushels. The conclusion would
1,200.000 bushels greater than in 1888, an increase of seem to lie that outside of the spring-wheat district the
•
Put this gain is almost wholly in spring* general grain movement was nearly everywhere smaller
wheat, and has affected only the roads carrying that class than a year ago.
of wheat.
Jn illustration of this fact we have the figures
This conclusion it is important to bear in mind, for it
showing the inspection of the two kinds at that point. Of helps us to interpret the results on many roads that
nearly one-half.
670
THE
CHRONICLE.
supposed to have been favored in this respect.
Take, for instance, the winter-wheat belt, comprising
the States
of
Ohio, Indiana and Illinois.
Almost
all the roads in that section recorded a falling off in earn¬
ings a year ago. The reason for this was quite apparent.
The crop was unusually bad, while in the previous year
(1882) it had been exceptionally good, and the contrast in
this respect occasioned sharp differences in traffic.
But
this year crops are again good, and this, other things being
equal, should at least operate in favor of better receipts.
Instead of that there is a further loss in earnings on these
roads.
Of course we know that other things have not
been equal—that business depression has become more pro¬
nounced, and that many industries and manufacturing
establishments have materially reduced their outputs.
That certainly serves to diminish railway traffic, besides
making it difficult to maintain former rates, and in this
state of things no one expects glowing statements, a
falling
off in earnings being a natural consequence. But the point
is that
among some there is a disposition to magnify the
of
effects
this industrial stagnation.
Such persons claim
that the decrease in earnings occurs notwithstanding a
very heavily augmented movement of grain.
There is,
however, no reason why a naturally bad condition of
affairs should be made worse by exaggeration.
The facts
simply do not bear out such assertions. We have seen
that in those sections where a material enlargement of the
grain movement has taken place, railroad earnings do not
fail to reflect the change in their totals, while in the district
east of the Mississippi and north of the Ohio where returns
are almost
universally bad, even after a loss in the previous
year, the grain movement as a rule seems to have been no
larger than in 1883, though it was far from large then.
Among the roads in this section that suffered a decrease last
year, and now suffer a further decrease, may be mentioned
the Chicago & Eastern Illinois, the Cincinnati
Indianapolis
St. Louis & Chicago, the Cleveland Akron & Columbus
the Indiana Bloomington & 'Western, the Ohio Central
It would
roads
line to New
Orleans) last
loses about $97,000,
does not seem bad.
We
now
had
$307,639, which is additional to a loss of
$35,000 in 1883 and $158,000 in 1S82. As showing how
much more largely the loss is on through traffic
(where
the completion of new lines has deprived it of much busi¬
ness and also caused
large reductions in rates) than on
local traffic, we may say that of the total -decrease of
$307,000, $100,000 is on the latter class and $207,000 on
the former class.
As regards the Grand Trunk, the pas¬
senger traffic comes in for a larger share of decrease than
the freight traffic, as was the case in October, showing no
doubt the effects of the
witness
It will be noticed
by the table above that
increase 161 miles.
two
we
whole.
little
earnings as yet. Thus these branches earned
altogether only $30,000 during the month of November.
class of roads which have heretofore been
conspicuous for their generally favorable exhibits, when
other roads were recording losses, but which, now seem to
be losing this distinction.
We mean the roads in Kansas
and Missouri, or connecting
with those States. The Kansas
City Fort Scott & Gulf actually has a loss, while the St.
Louis k San Francisco has only a ■ nominal increase and
business
the
Wisconsin
Lake
Shore- k
on some are
very
heavy, though othecs
Western had
improved totals in 1883, but
reduction of $31,339 itself, besides
suffers a
its Shenan¬
now
$30,500 on
Valley road. The depression in the mining indus¬
tries along its lines
no doubt in large part responsible
for this result, and the same doubtless is also true to soma
extent of the decrease on the Chesapeake & Ohio.
The
Louisville X Nashville has a decrease of $123,000, but
this is on a gain of $107,000 in 1S83.
As regards the
influence of the. cotton movement, that, except in Texas
and one or two other localities, must have been an influ¬
ence in favor of better
earnings, as the aggregate receipts
at the ports for the month were
nearly 100,000 bales greater
than in 1S8.3.
This is shown in the following table. It
doah
•
.
will be noticed that there is
ton,
a
but that New Orleans and
have
large falling off at Galves¬
most of the
Atlantic
ports
augmented receipts.
RECEIPTS
OF COTTON
JAN.
AT
SOUTHERN
PORTS
IN
NOVEMBER,
AND FROM
1 TO NOVEMBER 30, 1S84. 1S83 AND 18S‘2.
The increase in great part represents
to
one
passenger
keep verv close to the totals of a year ae*o. It should be
said, though, that at that time these roads were not
making any great amount of gains. The Mobile & Ohio
loses $25,000, besides $21,000 in 1883.
The Norfolk &
November.
branches
There is
of
returns
The losses
make the
(133 miles) on the Southern division,
which, though adding largely to mileage, are adding very
new
on
Central, the
Western, the Milwaukee &
Northern, and the Green Bay Winona & St. Paul.
Southern roads can hardly be said to be doing well as a
13,746 bales.
being alike in
The branch lines, however, where they
respect.
return no profit themselves, afford a lucrative business to
the main stem, in the large haul
they give it on
traffic to and from them.
A word of explanation is
per.
haps necessary about the increa'se in the road's mileage.
the
Milwaukee
77,47S bales of cotton at Xew Orleans in
this year, against 75,700 bales last year, and
from Cairo north it carried 32.9S2 bales, against
this
of rates
Michigan roads also make poor exhibits, some of them
after the same kind of showing a year ago.
Both lumber
and mineral traffic has suffered
heavily in that State. As
regards the Flint & Fere Marquette, we can repeat what
we said in October, that under the
great falling off in the
demand for lumber the road is losing in a single year what
it took several years to gain.
From $152,000 gross in
November, 1880, the road gradually moved up to $234,000
in November,
1S83. Now it has dropped back to
$157,000. Wisconsin roads likewise record losses, as
November
traction of local business—all the branches
war
between the trunk lines.
that at the Southern end the
The inference from these facts agrees with
of the road tell us, namely, that the
main line is doing quite well.
They say that the trouble
is largely with the branches, which are
suffering a con¬
Chicago k Northwestern, the Central Pacific
a
larger amount of
any other roads in our list.
On the Central
Pacific the loss is
a
what the officials
beginning to feel the influence of business
are
decrease than
road delivered
that
these
even
and the Grand Trunk of Canada have
small increase, and
which, under the circumstances,
see
that the time has arrived when
seem
Next to the
system (including in this the
year
of the month had a decrease. Then
Chicago k Alton, which likewise falls behind.
depression.
and the St. Louis Alton & Terre Ilaute.
main
latter part
there is the
•
The Illinois Central
the
in
were
[Vol. XXXIX,
Since January
Ports.
1884.
Galveston
Inclianol t,
bales.
&c
New Orleans
Mobile
Florida
Savannah
Brunswick, &c
......
Charleston
Port
Royal, &c
Wilmington
Morehead City, &c..
Norfolk
West Point, &c
Total...
1883.
<0,0(1?
1,278
|
122,033!
1882.
132,545
1,163
2.360
361,107
345,765
293,849
52,105
63,881
51,037
15,003
167,540
11,146
130,673
157.713
c
1883.
1SS2.
435,002
712,3?4
483,226
12,257
1,502.067
232,324
26,754
660,132
6,334
435,955
22,760
99,945
*14,290
867,874
222,154
2.5771
3,794
852
<3,585
1,114,874
166,091
47,706
538,809
9,049
131,412,
7«,92S
122.175
443,689
4 501
3,493
22,684
2.333
4,233
27,671
81,181
4,700
2,438
150,202
1S:,675
6,670
447,025
52,303
49,931
220,727
098,345 1,038,385
3,574,641
24.853
2,323
j
140,4’2|
88,238
| 1,002.4131
3,807
1.
1884.
16,550
605,623
190,437
13,916
610.647
4,551
’411,149
14,783
95,269
/
15,976
558,094
162.284
4,523,521 3,474,213
8
8
1
1
8
3
.
3881184.
4888888111
December 13,
3344888888111
its predecessor a satisfactory statement
could hardly be looked forward to. Consequently the
exhibit below, with a loss of 5 millions, will cause no sur¬
prise. The falling off is heaviest on such roads as the
Central Pacific, the Northwest, the Grand Trunk, the
Denver
Rio Grande and the Illinois Central, but many
of the minor roads lose just as much proportionately.
ing worse than
Name.
1884
had their
new mileage to aid them in reaching better results, and so
had the Rochester & Tittsburg and the' New Orleans &
Northeastern.
As to the rest, the only others of any con¬
sequence are the Kansas roads—the San Francisco and the
two Fort Scott roads.
Below is our usual table giving full
Name of Road.
i
$
4 LI,020
Boston Iloosac T. & W..
Burl. Cedar Rap. Sc No.. !
Canadian Pacitic
j
5.123,720 !
2.585,565
4,960.686!
463.032
1,303,454 1
1.188,866!
117.588
20.529.49G
22,875.962
3,241,040
694.162
661,573
3,237,893 i
Ches. Ohio Sc 0. W
Chicago & Alton
Chic. & Eastern Illinois.
7,081,166
1,419,3 L8
21,252,000
21,443,000
Chicago Milw. Sc St. Paul
Chicago <fe Northwest...
Chic.8t.P.Minn.& Omaha
5,325,498
1,375,129
Chicago Sc West Mich....
Cin. Ind. 8t. L. Sc Chic...
Ciu. New Oil.A Tex Pao.
Alabama Gt. Southern
New Orleans Sc No. E.
Vicksburg Sc Meridian.
2,223^7-3
Vicksburg Sh. «fc Pac..
Cleve. Akron Sc Col.
tDenver Sc Rio Grande..
*Des Moines tc Ft.Dodge
Detroit Lansing Sc So...
Evansv. & T. Haute.
7Grand Tr. of Canada
■
Green Bay Win. A St. P..j
Ill. Cent.(Iil. line Sc So.Dr
..
4 43,601
5,504.085
316,098
490.047
6.327,356
1,240,213
1,478,543
35,952
40.579
773,412
707,169
281.187
306,221
1.291,711
096,811
803,102
592.903
1,504,405
11,170,742
11,589,930
4.243,280
4,709,484
126,245
139,153
88.735
91,814
37,510
47,339
212.459
130,050
134,093
82,409
121,578
1,622,443
1,697,334
329,281
462,772
123,374
109,230
80,363
92,084
1,965,169
1,913,235
848.624
872,743
300,992
305,877
201,024
200.455
105,968
105,422
2,757,140
3,101,743
617,889
584,467
288,495
331,210
132,727
139,903
2,219,239
963,611
191,307 j
2,308,745
1,087,703
78,300
93,081
51.95S
01,3*7
26,348!
635.827
712,774
124,419
163,369
256,906
519.795
1,820,507
279,009
304,401
4,604,S01
590,748
280,287
5,142,885
1.770,768
2,071,438
1,401.511
1,397,222
758,701
085,807
702,810 10.73S.697
8,016,814
711,355
2,547,817
115,593
131,310
71,131
02,734
44.402'
4,447,547
4,875.348
2.521,846
2.056,199
1.923.701
2,219,149
191,027
432,439
155,741
243,070
2,949.541
1,059,447
14,1*55
424,836
701,854
1,051,928
1,200,630
679,515
445,967
4.263,801
1,206,221
Bt.L.A.AT.H.main liue..
Do
do (branches).!
L. Ft. Scott A Wicli..
Louis A S. Francisco.
Paul A Duluth
|
Paul Minn. A Man...-
7,449,094
1,266,165
•'Wisconsin Centra*
198,476,623
/
jOO
<
2 3 S. 3*3*6
275,239
•...*<«.
30,292
31,949
1,017,260
2,012.180
77.075
699,820
...
315.443
278.700
........
31,311
99.953
.......
791.402
......
120,845
107,451
j
9,292,866 2,561,022
1,002,479
328,863
65 6,305
581,861
] ,3 47,821
3,483.592
1,240.115
90.003!
201,320
England—
Norfolk A Western-
1884
1883
Northern Central—
Northern Pacific1883
Oregon A California—
burg A Erie)—
..
‘
Philadelphia A Erie-
Philadelphia* Reading*—
Phi la. A Read. Coal * iron-
701,303
153,70S'
32,307'
240,786'
1,394,158
4,534,121
08,576
Union Pacific—
1883
W^st Jersey—
147,191
........
78,844
199,534
785,209
31.89 4
246.026
7,695,120
•
203,563,39516,34S,335
19,467
i
5.086,772
* To Nov. 29.
earnings covers October this time,
months of the year. The showing is
Our exhibit of net
Decreases are the rule, and
In fact, very few of the latter
are
to be found.
The Atchison has a gain of about
$100,000 in net for the month, and the Union Pacific has
managed to counterbalance a large loss in gross by a
still larger reduction in expenses, but these are about the
only prominent roads with improved results. The exhibit
by the different lines is so uniformly of one character—
unfavorable—that we present the table below without
far ’from
satisfactory.
increases the exception.
.212,445!
110,127
53,75«',
02,048;
61,0171
523,393
65,520
02,371
868.513
973,999
397,327
30,812
27,215
,153,672
,071,156
467.894
423,024
502,823
1
Jan. 1 to Sept.
September.
I
¥
¥
1,355.485!
2,420,348!
1,370,340j
839,508
1,050,002
73.751
80,123'
62,995!
95,231
250.988'
140,2 >2
101.780 | 1,794.229
249,880
143,120
106,700j
888,676;'
1,215,603)
434.019
j
1,575,722
l,037,412j
343,200
90,819
i
Rome Wat. A Ogdensburg
172,8181
103,521
94,844
j 1,257,992
78.004!! 1,222.288
81,205
153,009
140,010
81.115
¥
.
1804
1883
Arizona Division—
84,864!
242,575
109,799
100,922
72.770,1
J31 1
104,255
207,124
68.311
73,400
62,334
133,710
62,994
65,188
27.280
28,704
35.714
1S84
1883
caving in of a tunnel,
i
30,404.
¥
587,685
830,861
382.546
2.299.808
2,7 01,817
804,S63
1,222,176
1,217,270
1,683,219
048,484
1,064,378
447,325
211,632
2*7,078
1
„
.
130.045 f
New Mexico Division—
Decrease due to
i 1
31.
919,890
832,941
71.894
55,770
,
1884
1883..
2.447,422
2,813,418
•
-
Southern Div.§—
412,322
236,737
Jan. 1 to Aug.
»
1884
1883
688,127
,
$
$
¥
Indianap.—
Southern l’acific (No.Div.)—
669,567
3,506,569
5,515,391
August.
Name.
Clev. Col. Cin. A
1884
IS-3
1,644,638
1
184 786
...
1883
30.
4,755,515
6,644,107
158,220
2.104,375
2,013,134
...
!
¥
2,191,993
153.874
is83 ...;
N.Y. West Shore A Buff.—
1884
*
,993,975 9,501,143
,347.640' 11,635,387
1
1
40,775!
Name.
Chicago A East. Illinois-
11,435,137
1,229.427
1,300,368
1.48-1,077
1,474,045, 1,474,013
92,800
88,232'
Central Pacific—
J884
18-4
,474,875
,032,309; 9,317,516
1.767,858 11,630,439
112.301
;.
1883
,052,733
189,363
.740,574 def.44,560
1.723,290j
1,177.069
2,948,058
Utah Central—
1884
205,286
02.160;
100,302
1,667,457
2,061,746'
1884
1,846,646 15.467,061
1,769,253 16,295,696
1,2S 1,094
1,030,478, 1,20 f,958
1,729.023
1,873,592
1884
..
470,0671
1,283,632
24,095-
j
3 531.430
1&83
N. Y. Lake Erie A West.*—
43.5 49 j
Includes three weeks only of November in each year,
t Not including Utah Hues after July 1 in either year.
ten
203.737
Cin. Ind. St. Louis A Chic.—
l 4.781
758.359
46,433
250,271
N. Y. A New
542.297
78,619
*
and the first
1884
7(V-!71
2,570,331
2
Louisville A Nashville—
23,465
983.135
11,853.888
1884
18S3
Memphis A Charleston-
46,446
S23,773
69,255
44,41b
683.951
(
40,711
Kentucky Central—
18,830
780,420
2,549,252
12,897.324
879,899
2,449,536
244,548
1,505.930; 21,189.422 10.222,039
1,027,234 21,376,677 10,669,884
60.300
374.495
439,036
1,9 77,396
1,063,432
Penn, (all lines east ol Pitts¬
1,742.731
470,849
1,S i / ,4 i3
247,772
50,048;
53,320
90,258
87,290
...
18*4
2,12d.016
Marq. Houghton Sc Ont..i
Milw. L.Shorc Sc West’ll.!
94,928
183.552
55,676
380.285
801.280
1,0 1 5,0 ?4
66,897
148,254
397,145
312,246
Fort Worth A Denver1884
Snenandoah Vailey—
2.410.020
2,593.671
130.945
24,71s'
80,224
9,318.240
1,550.913
Nashville..' 12,355,027
Total (55 roads)
Net decrease
821,013
356,460
190,013
j
15,154
19,570
2,346,466
10.018,060
1.866,350
2.72 4.720
849,675
Milwaukee Sc Northern.'
Mobile Sc Ohio
!
Norfolk Sc Western
i
Shenandoah Valley -.. !
Northern Pacitic
>'
Ohio Central
Ohio Southern
Peoria Dec. A Evansville
Rochester A Pittsburg..
670,440
2.353,242
209.121
603,522
39,807
43,005
.
301.938
625.815
23,050
1,202,826
...
Nashv. Chutt. A St. Louis-
17.669.770
I
Kentucky Centra!
St.
8t.
St.
St.
119,343
.
26.022!
47.039
3,236.039
3,359,665
1883
s
East Tenn. Vu. A Georgia1881
Mobile A Ohio-
851,305
4 32,734
15,657,590
297.420
Do
(la. leased lines)
Indiana Bloom. A West..!
*Kan. City Ft. S. Sc Gulf.,
Louisville Sc
236,116
116.773
4 2,552
70,095 1
| 2,742,480
Des Moines A Ft. Dodge—
1,126,326
68.574 I
2,683,597 | 1,177.601
1,115,240
!
892,744
3,255,102
200,905
236,470
81.701
319,784
2,078,003
Flint A Pere Marquette.
’'Florida R’y Sc Nav. Co.
Ft. Worth Sc Denver....!
Chicago Burl. A Quincy-
78,460
148,875
211,384
219,117
.
44,927
693,905
i
1S83
191.712
226,940
412,289
453,593
240,395
962,834
119.987
460,697
439.771
411,867
Ches. Ohio A South West.—
1
85.790
75.S93
97.209
1,202
007,705
290.8^2
276.101
1,516,527
2,3051429
317,100
13,985!
41,652
.
445,520
23,580
8.061,3901
21,503,906
23,26 L507
5.085,103
1.430,605
705,066
37,571
32.589
2,361,50®
2,362.710
1,007.761
Sandy—
353,468
1,196,244!
667,705
i
i
3.600,408 i
123,180
0.99L
$
93.353
$
105,669
184,454
24.86S
Increase.
312,667
175,744 !
*270,181
375,815
I
2,508,008 1
t
Chesapeake & Ohio
Eliz. Lex.& BigSandy.
|
1884
1883
Elizab. Lex. & Big
18*4.
668.191
2,233.876
281,413
807,040
31,859
NOVEMBER 30
1833.
18S i.
j
Central Iowa
Central Pacific...*
JANUARY L TO
Chesapeake A Ohio—
Earnings. Earnings.
Expenses. Earnings.
»
details.
GROSS EARNINGS PROM
Canadian Pacific—
1884
Net
Gross
Operating
Gross
j Earnings.
8343.3888811184.
instances.
are met with in some
Northern Pacific and Canadian Pacific of course
totals
Jan. 1 to Oct. 31.
October.
earnings for the eleven months of the year to
the end of November, with each succeeding month show¬
As to the
Improved
671
CHRONICLE.
THE
18H.]
I
531,970
403,080
interrupting traTc for nearly two
weeks.
+
Embracing operations
of Central of New Jersey
prior to that in either year.
* Including 68 per cent of earnings
after June 1 of both years
but not
York
and entire working expenses
Pennsylvania A Ohio Railroad for
of the New
May
the whole of this year and alter
1 in 18S3.
$ Not
including Colorado Liv. in
either year after August 1.
further comment.
GROSS AND
-
Gross
Operating
Net
Earnings. Expenses. Earnings.
& Santa Fe—
¥
1,742,0(50
1,549,834
?
724,532
033,553
¥
1.017.528
910,261
Gross
Earn ings■
¥
13.594,879
i
Net
* Earning«.
1
$
0,40®, 72S
13,060.427 7.078,*74
OF ITS RECENT
ASPECTS.
net. 31.
Jan. 1 to
October.
Name.
Atch. Topeka
COLONIZATION— SOME
NET EARNINGS TO LATEST DATE8.
international news of
day that the interest which belongs to it continues to
centre largely in colonial questions.
It reminds one of
It is
the
a
distinctive feature of the
672
THE CHRONICLE.
the
generations succeeding the discovery of America,
place of the Mediterranean as
the highway of commerce.
At different periods the ques¬
tion then was, whether supremacy in the New World
would remain with Spain or France, or
Portugal or Hol¬
land or England, colonial expansion in the direction of
America largely determining the character of European
politics; and it is a well-known fact of history that the
recognition by England of the South American republics
had much to do with the bringing about of the downfall
of the First Napoleon.
It was a proud boast which was
made by George Canning, when, referring to this stroke
of diplomacy in 1823, he said : “I called the New World
when the Atlantic took the
[Vol. XXXIX.
by bone and sinew, and sacrifice, and hard-fighting, and
time.
It is well enough for Dr. Nachtigal to seize this,
and the other point on the African coast ; but the hoist¬
ing of the German flag does not make a German colony.
Do not both France and Germany need to revise their
methods? We look for good from the Congo
Conference,
and from other of
look for miracles.
the present movements; but we do not
All the money of King
Leopold, all
the
patronage of Prince Bismarck, all the confidence of
Henry M. Stanley, will not make an India of the Congo
Valley; nor will all the valor of France convert Tonquin
into
a
prosperous
colony.
“into existence to redress the balance of the Old.”
Vain
as the
saying may appear to us in these times, it had the
$Jft0tt.etarg§ ©0 turner cial guglislx iJexus
merit of
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
being true.
The New World has
of itself.
For
long since been able to take
care
time the Continental nations seemed indif¬
ferent to colonial expansion; and even
England seemed to
a
discourage further acquisitions of territory. All at once,
however, it has again become the absorbing .subject of
interest.
At Tunis, on the Upper
Congo, in Tonquin, in
Formosa, we find the French either in power or endeav¬
oring to assert their authority. Prince Bismarck also has
lent the weight of his influence to direct the
thoughts
and the energies of his countrymen towards
founding
German colonies in Africa and in the far east.
Conference
now
in
session
in
The Coimo
O
Berlin—a conference
con¬
EXOHANGE AT LONDON-Noo. 23.
II
EXOIL 1NGE ON LONDON
1
On—
Time.
Amsterdam.
Amsterdam.
Short.
3 11108.
*«
Hamburg..
.
Berlin
Frank fort...
Vi: lina
Trieste
Antwerp.
a
•
12 2 U
#>20-71
ff 20*72
#20*72
V* 12*50
23; Short.
12 15
!Nov.
2Sj 3 lues.
“
231 Short.
“
20*50
20*25
20-50
12-30
12-30
“
25’321a
■Nov.
Nov. 2W 1
-©12*50
Nov. 23
#2:V62io ■Nov. 23;
j
24‘*ig#2
ii
Nov.
iNov. 23!
12*15
12*45
23*53
ii
®l2-2%
•2007
20 63
20*63
ii
Rale.
!
44
ii
j Nov.
by and held under the auspices of the German
point to the fact that in future it
means to seek expansion, not at the
expense of her neigh¬
bors in Europe, but by founding colonies in other conti
Chancellor—seems to
....
a
ii
46tq ©HFm
days
51Hlb®5iiaA(j
.
Constant’plc
Bomba}'.... dem’nd
nents and
in other climes.
Revived
Calcutta
New York...
Hong Kong.
**
|
....
25*30
253 5^
....
j
Nov. 26' 3
47*50
....
955)3
nios.
!
no-oo
Is
7316d.
iNov. 28 tel. trsf
Is.
7*fi«d..
jNov. 28 tel. trsl’
dolin'© 49^16
m
|
25*17 *g©25*o5
23 Cheeks
25-30 ® 25*35
Nov. 23i3mos.
1
2o-G334 ©23 h {
Nov. 28: 3 inns.
4b;51(;# -1G516
ii
ii
....
vened
_.
T%me-
| Dale.
12‘478 ft 1 2-5j8
ii
...
St. Petei-sb'g
Paris
Paris
Genoa
Madrid
Cadiz
Lisbon
90
Alexandria
Latest
Rate.
lH.71;i2d. i
Is.
.-d.
4*35
3s. 73jd.
-Is. 11 %L-
[Nov.
28 tel. trsf
INov. 23 4
mos
^ m m
Shanghai....
INov. 28
J From
colonial sentiment
our own
correspondent.!
London, Saturday, Nov. 29, 1884.
has found
expression in Spain, Portugal, and even in Italy.
Since this day week the money market has been decidedly
Nor is interest in her colonial empire allowed to die out in
firm in tone, and the rates of discount have been
steadily
England. If the disposition is to resist all attempts to
increase her colonial dependencies, the determination has advancing, notwithstanding that there is considerable compe¬
tition for the limited supply of hills brought to market.
become of late more pronounced to consolidate and
Money is not so abundant as could be desired, and it cannot be
strengthen them, and to bring them into closer unity with
doubted that the
existing Bank minimum five
the mother country.
In this general desire
be maintained.
per
cent will
The decline which
recently took place in the
for colonial expansion there is
rates of discount, and the heavy difference apparant between
nothing which is not worthy of commendation. The prog¬
the official and open market quotations were a cause for
ress of the modern world
has been
inseparably associated
anxiety, but a change has now taken place which may prove
with the colonizing tendencies of the
Spaniards, the Portu¬
guese, the French, the Dutch and the British.
Further¬ permanent,and ultimately lead to a sounder condition of things.
France is not to be blamed for seeking to build up
colonial empire, and so make room for her
people in
more,
a
Five per cent
lias already had
bringing about
an
a
good effect, not, however, in
influx of gold, hut by checking
any
import¬
ant
export movement. This, to a certain extent, is satisfac¬
Germany lias the best of reasons for found¬
ing new colonies. The land is over-peopled. Year by tory, but half-way measures are not conclusive, and it now
remains to be seen if the present value of money in London
year thousands are leaving her shores for America and
will lead to more satisfactory results.
for Australia ; and
every new departure is a fresh loss.
At present there is no expectation that our financial
position
The establishment of German colonies
might have the will be vastly improved during the current year. Gold coin
effect of conserving the German population.
If they set¬ will be required for Egypt, on account of the war, which
tled in the German colonies, they would only have
changed does not appear likely to be brought to any early termination.
Neither are we likely to receive gold in any important
their home—they would not have come under
any new
other lands.
government.
And yet it does not
the
French
seem
that either the Germans
or
going about the work of colonizing in
precisely the right way. The Germans, it appears to us,
make
are
much of paper and the French make too much
of the sword.
Colonies must grow.
The colonies which
too
to-day
ations.
of
value
the growth of many gener¬
They are not to be forced like household plants.
are
any
Of what value
have
France? and at what
colonial
are
Anam
an
and
enormous
Tonquin
cost
is
been to
this so-called
ever
dependency being held? Such a method of
making colonies will not pay. As to Germany, the same
suggestion seems to apply. The Congo Conference is well
enough; but the Inter-colonial Empire has yet to be made
quantity, either from Australia or from other countries.
During the remaining weeks of the year we shall have to
meet an augmented demand for money, with a diminished
supply of loanable capital, and firmness must, therefore, be a
prominent feature. It is nevertheless still maintained that
five per cent will be adequate ; but financial movements are
now so quickly disturbed or controlled, that
opinions carry
but little weight. Last week the outside rates of discount
completely “ ran away” from the Bank rate ; this week the
opposite movement has' been rapid, and as much as six per
cent has been paid for short loans on the best
security. A five
per cent Bank rate, and an open market quotation approach¬
ing it, is much more satisfactory than any great disparity
between the two. Unfortunately, the times are so changed
that four and five per cent no longer indicate a state of com¬
mercial prosperity.
Gold movements, and an uncertain
money market, have a decidedly adverse influence, and neces-
673
THE CHRONICLE.
13, 1831.]
December
sarily lead to great caution. Hence, from all the leading
centres of industry nothing encouraging is reported, except it
be that cautious and judicious trading is expected to be fol¬
lowed at no very remote date by renewed prosperity.
The Bank of England return for the week exhibits somewhat
better results ; but it shows, what we have stated above, that
d.
s.
■
gold, tine., .oz.
Bar gold, contain*#.
77
20 dwts. silver.oz.
77
Bar
9
8.
d.
77
9
Nov. 20.
Price of Silver.
Nov. 27.
d.
d.
Bar sliver, fine..oz.
49%
50.4
5014
53%!
50%
Nov. 20.
Nov. 27.
of Oold.
Price
Bar silver.contain-
77 104
10}^
ing 5 grs. gold..oz.
Span, doubloons, oz.
Cake silver.
S. Am.doubloons.oz
Mexican dols...oz.
...oz.
514
49 1-10
prospect of easier rates of discount is more than doubtful.
The trade in cereal produce has continued in a very unsatis¬
are below the average, and it would occasion
factory state. The business doing is still of a hand-to-mouth
no surprise if there were to be considerable tightness in the
character, at no improvement in prices
There is, however,
The some Continental demand, which has afforded some encour¬
money market as the close of the year is approached.
circulation of notes has been decreased during the week agement.
by £153,220, while in the supply of bullion, due chiefly to a
.The following are the estimated quantities of wheat, flour
reflux of coin from provincial and Scotch circulation, there is and Indian corn afloat to the United
Kingdom, Baltic supplies
an increase of £100,055.
The improvement in the reserve is not
being included:
therefore £310,275, raising it to £10,026,521, which compares
At present.
Last week.
Last year.
1982.
Wheat
qrs. 1,722,000
1,679,000
1,708,000
1,970,000
with £13,036,319 last year.
The supply of gold is £19,918,971, Flour
128,000
130,000
176,000
178,000
105,000
101,500
165,000
69,000
against £22,100,609 in 1883. Although the totals for the cur¬ Indian corn
rent year show an improvement, compared with a few weeks
The following return shows the extent of the sales of home¬
since, the comparison with last year is decidedly unsatisfac¬ grown wheat, barley and oats in the 187 principal markets
tory and must be a cause for anxiety. The Bank of England of England and Wales during the first twelve weeks of the sea¬
rate of discount is now 5 per cent, last y^ear it was only 3 per son, together with the average prices realized, compared with
cent; the proportion of reserve to liabilities is now 39*35 per last season :
SALES.
cent, which compares with 43*25 per cent in 1883. There are
1881.
1882.
1883.
1884.
at the present time no strong reasons in favor of an immediate
58 7.727
570,8s 1
Wheat
823,707
qrs.
819,730
622,892
436,306
1,210,380
1 ,997,81 L
improvement, and the next six weeks at least cannot change Bariev
the
Bankers' balances
The
*
|
Jiank Bills.
London
«
i
Three
Months
-
Wheat
for deposits by
Barley
Trade Bills.
Disc' i ITse
j Four I Six
Months Months Months Months Months
!
Four
At 7 to U
Stock
Banks. Call. Dais.
Three
Six
32
19
Oats
9
40
33
9
19 11
0
3
Converting quarters of wheat into cwts., the total sales in
kingdom are estimated as follows:
the whole
--
Oct. 24
“
Interest allowed
1881.
s.
d.
48 7
34 10
21
2
1882.
s.
d.
41
4
35 0
20 9
1883.
s.
d.
1884.
d.
s.
Joint
SQ
r
AVERAGE PRICES.
following are the present prices for money.
O;ten market rates.
69,920
57,772
186,103
Oats
for the better.
31
“
3A&
2yfr& —13 Q,
4
31—13&<3 —4 & -.3— 4 &
7 5
Nov.
,3.%®
3
14
5
“
21
5
“
28
5
—
—
—
—
—
—
4%@4k>'i4b}nom 34num 4%®4% 4:)y© — !4
Uhjnoin 4 nora 4%®4%
-- 44® —
3)b0 —
4J.jsnom‘3;i;nom
— 4
nom 414110111
D4
2
-2
3
2X 3
-3
3A
3A 34 4
m 4 -4 M
3% AH 3%
3A 311-3U
8H
—
—
2
3X
3H
13K>^n -\?;ya% —374® -8&® -|S%@
1884.
cwt. 12,273,877
Wheat
a return showing the present position of the
England, the Bank rate of discount, and other
items, compared with previous years:
Annexed is
1853.
£
£
Circulation
21,642.450
Public deposits
5,595,972
Other deposits
22.250,042
Governnl’t securities. 13.312,673
21.3 17.914
Other securities
Res’veof notes it coin 10,020,521
Coin and bullion in
both departments.. 19,91 8,9 7 L
Proport’u of reserve
Consols
Em;, wheat, av. price
Mid. Upland cotton..
No. 40 mule twist
Clearing-House rel’n.
24,814,290
6,3 1 3,81 2
25.539,790
4,062.288
23,693,475
1 4,989,292
4,226,124
24.877.610
19,782.699
22,109.491
10.381,057
22,619,380
13,036,319
11,009,299
43 4
414
364
3 p. e.
5 p. (%
'“*4
t ‘I.
53j d.
5HU;4.
9%d.
90,129,000
22.942,266
10,798,913
20.588,703
101 34
40s. 54.
.
13.211.01 4
22,109,609 20,721,309
loo::
qo
£
£
9
5 p.
1()0%X d.
.
return
a
IMPORTS.
6“i ijd
10-‘si.
market rates at thcand for the previous three weeks
The Bank rate of discount and open
chief Continental cities now
have been
as
271,984
2u5,189
2,940.630
3,325,987
3.610,798
547.268
402,873
7,319,887
2.699,234
1891.
1882.
1883.
15,76 f,408
2,699,284
18,902,272
12,273,877 11,898,033
10,187,270
9,875,240
32,334,545
32,415,529
28,336,932
40s. lOd.
wheat for seasori.qrs.
3 I s. Id.
Visible supply of wheat
in the U. S
lmsli.38,200,000 31,400.000
1,B84,09U
Afloat to U. K
qrs. l,860.00i t
41s. 44.
produce
29.036,66 4
Total
3,325,937
Av’ge price of English
f Baltic
43s.
7d.
19,200,000
21,100,000
2,221,000
2,483,000
supplies not included.
linglisli Market Reports—Per Cable.
November 13.
0.
November
daily closing quotations for securities, &c., at Londont
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending Dec. 12 :
The
Open
Bank
Oj»en
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
Rate.
Market
3
2H
3
2%
4
3A
4
3A
4
3A
4
3/^
Silver, per oz
4
3%
4
Ah
3
3
3
3
4
3H
4
3H
4A
4A
4A
4A
4
3H
4
4
Consols for money
Consols for account
Fr’ch rentes (in Paris) fr
[T. 8. 4%s of 1891
U. 8. 4s of 1907
Canadian Pacitic
Chic. Mil. *fc 8t. Paul....
Erie, common stock
Illinois Central
3
Frankfurt
4
Hamburg
4
Amsterdam
3
Brussels
Madrid
Vienna
4
4A
4A
4A
2%
3A
314
3M
2H
3%
4A
4
4
4
4
St. Petersburg..
0
0
fi
6
B
B
6
6
Copenhagen
5
5
U
5
4
'5
4
4
S
2,857.922
297,897
3.751,836
16,923,036
3,513,476
Bank
4
2,202,452
1884.
November '20.
Berlin
3,151,073
635,311
7,157,708
3,513,476
Imports of wheat, cwt. 13,166,017
Imports of Hour
3,596,740
8.1 ies of home-grown
Noveniln-r 27.
Paris
2%
4
4
54
2H
AH
4
3
4
Iu reference to the state of the
bullion market during the
past week, Messrs. Pixley &
Abell report
:
for gold lias been for Egypt, and £10,000.
sovereigns, have been t been from the Bank for transmission thither.
On tlie other hand, £22,000, received from Australia, have been sent
Id. The arrivals have, been £52.00 > from Central America ; £27,090
from Melbourne; £40,0, O from West Iudies; total, £119,090.
Silver—From 504d
our last week’s quotation, the. price fell daily.
Yesterday, 497ad. was realised for some parcels that came to hand; and
today the amount by the West India steamer has been fixed at the
same rate.
T he Britannic lias brought £22,600 from New York, and
the Nile £ 47,< 00 from the West Indies. The P. and O. steamer has
Gold—The only inquiry
,
taken £20,000 to Bombay.
Mexican Dollars—The dollars by the French steamer have at length
arrived, but with £80,600 only ; the greater part of them were sold at
49 5-lOd. per oz.. but the demand not being good, the price fell away
almost immediately to 19 3-16d. The Royal Mail steamer has brought
about £80,000 to-day, and this amount has been settled at T9 1-lCd.
The quotations for bullion are
reported
as
follows:
d.
Pennsylvania
Philadelphia & Reading
v#
rk Central
Liverpool.
*
Tues.
Wed.
%
99%
994
49%
99%
P 94
49%
99%
99%
49% „
9 9% 6
79-20
117%
79-20
117
79-2o
79-20
7915
116%
117%
127 4
1274
46%
814
15%
122%
53%
116%
126%
46 4
79%
14%
122 4
126%
127
46
49
46%
82%
15 %
123
53%
Wheat, No. 1, wh.
Spring, No. 2, n.
Winter, South, n
“
“
lb.
114
f 924
11%
92%
Mon.
Tues.
Wed.
d.
d.
8.
10 9
6 11
6 9
9
8
6
9
7 0
93%
934
Sat.
d.
9
0
6 10
9
8
6 10
“
Winter, West., n
“
7
Cal., No. 1
“
6
Cal., No. 2
“
5
Corn, mix., old...
“
r»
Corn, mix., new..
“
Pork, West. mess..$ bbi 05
37
Bacon, long clear
Beef, pr. mess, new,$ to SI
Lard, prime West. $ cwt 37
Oaeose, Am. choice
! 62
8.
10
9
0
7
6 10
9
8
6 10
7 0
0
9
6
9
5
5%
5
6
0
!65
0
0
37
81
37
0
O
A
5%
6
0
3
0
I
464
794
53 4
114
10
7
fiOHio
15
122
<> 3 4
12
s.
Flour (ex. State). 100
Thurs.
Mon.
Sat.
London.
vt.
corn
follows:
Rates of
Interest at
3,101,312
527,250
8S7.854
4,325,015
3,596,740
Supplies of wheat mid Hour available for consumption in twelve weeks,
stocks Sept. 1 uoL being im*,hided:
99^
95,011,000 133,8 45,OeO
90,836,000
Peas
Beans
Indian
Flour
15.762,408
5,993.383
5,582,400
Bailey
1881.
18,902,2*72
16,923.036
cwt. 13,166,047
Wheat
1882.
1883.
1984.
45s. 44
40s. 1 Id.
5-Ml.
104.
4d.
(
1881.
9,875,210
showing the extent of the imports of
produce into the United Kingdom during the first twelve
weeks of the season, the sales of home-grown produce, as well
as its average price, compared with the previous season:
Annexed is
Oats
25,462,010
3 4 •35
5 p. c.
to liabilities
Bank rate
18S1.
1882.
1882.
10.187,270
cereal
Bank of
1884.
1883.
11,898,033
3
62 ,0
8.
10
6
6
9
6
7
6
6
6
5
6%
5
5%
6
0
3
0
3
0
d.
10 9
6 11
G 9
9
8
7
6
5
5
63
35
82
37
1 62
144
53%
11%
x90
Thurs.
6
125%
46%
77%
121%
91
8.
79-15
116%
x
53%
11%
9
0
0
0
9914,
144
6
64
36
82
37
62
49%
934
99%
77%
5
5
64
36
82
37
| 62
0
49%
99516
121
d.
9
11
9
8
9
0
9
Fri.
9
0
9
7%
5%
0
6
0
3
0
Fri.
8.
d.
10 9
6 11
.......
9
8
6
7
6
5
5
9
0
9
7
63
0
0
0
3
0
35
82
37
62
5%
CHRONICLE
THE
674
Commercial and HXisccllaueows Hours
Week.—The imports of last
with those of the preceding week, show
a decrease in both dry goods
and in general merchandise.
The total imports were $G,G03,G40, against $7,271,795 the pre¬
ceding week and $0,871,705 two weeks previous. The exports
for the week ended Dec. 9 amounted to $9,450,220, against
$5,273,368 last week and $0,463,831 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Dec. 4 and for the week ending (for general
merchandise) Dec. 5; also totals since the beginning of the
Imports and Exports for the
week, compared
first week in January:
FOREIGN IMPORTS AT NEW
G eh’1 mer’dise..
Total
Since Jan. 1.
Dry goods
Gen’l mer’dise..
1882.
$3,207,10=1
$1,763,162
5,153,327
$1,534,819
7,809.635
$1,148,691
5,786,535
$6.993.643;
$6,921.43)
$9,314,504
?
our
5,455,039
6,603,640
$105,401,203 f 124,838,951 $115,939,133 $108,009,032
303,001,123 343,633,334 313,369,211 290,127,174
Total 49 weeks. $413,405,326 $168,527,335
In
1884.
1883.
1881.
For Week.
Dry goods
YORK.
$I34,328.344|$398.136.256
found the im¬
report of the dry goods trade will be
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 Dec. 9, 1884, and from January 1 to date:
YORK FOR THE WEEK;
EXPORTS* FROM NEW
For the week...
Prev. reported..
1883.
1882.
1881.
$4,911,998
350,956,337
$7,611,010
318,09 3,465
.
1884.
$9,456,220
$7,878,880
327,425,3 40
297,960.756
Total 49 weeks. $355,865,335 $325,704,505 $335,304,720 $307,416,97 3
following table shows the exports and imports of specie
at the port of New York for the week ending Dec. G, and
since January 1, 1884, and for the corresponding periods in
The
1883 and 1882:
EXPORT8 AND IMPORTS OF 8PECIE AT NEW YORK.
Imports.
Export*.
Gold.
Week.
! Since Jan. 1.
$
'$26,481,370
Great Britain
France
1
Germany
1
3^st Indies
Mexico
South America
All other oouutries...
Tetal 1884
Total 1883
Total 1882
$7,113 967
3,564.448
6.070,73 7
5,053,205
3,888.014
292,149
207,693
7.S0«»
1.104
20.177
851,105
783,192
4,9.67
337,675
1,660,420
1
$8,051 $33,027,625
_
$
4,352,82 4
•
8.051
Since Jan. 1
Week.
1
670 693
5)6i
33.S37.454
30,186
$50 5,943 $22,19 5,395
211,064 14.337.056
254,460
3,668,221
j
_
Silver.
Great Bi itain
France
German
West Indies
Mexico
South America
All other countries...
$
$656,400 $11,837,072
18,254.
S3-,5f.0
!
168,745
61,641
1
$2,480
813
46 59)
11,947
1,049,459
211,117
72,361
83,992
9,9 47
3,0)7
1,91 0,459
269,447
61.520
$674,654 $13,323,178
$24,991
$3,349,79 3
14,338,161
82.996
5,748,428
109.380
2,925,425
!
1
j
i
Total 1884
Total 1883.
Total 1882
349,4 2-5 j
215,112'
10,562.445
the above
imports for the week in 1884, $00,873 were
Of the
exports during the same time, $8,051 were American gold
Of
American gold coin and $6,567 American silver coin.
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 :
Dec.
Receipts.
$
8)2,724 78
6.
8.
1,752,425 34
“
9.
1,611,955.92
“
10.
“
11.
1,419.DO 03
1,338,94 3 57
“
12.
88 4,499 89
Total...
7,899,738 53
“
ray meats.
Coin.
*
Currency.
$
$
950,129 16 125,655,320 62 10,599.016
1.074.606 92 125,501,883 89 11.370.272
9 32.526 16 125.760,960 67 1L.8<><*.625
92 *,‘291 13 125,901.109 11 12,159 374
1,-*73.528 87 125,89 2,912 11 * 12,232.986
788,872 10 125,921,598
87
02
0)
46
16
50j 12,299,927 56
5.9-9.954 34
Oregon Southern Improvement Co.—This company will
shortly issue a circular offering £400,000 of its 0 per cent bon is
at 50 per cent without any bonus of stock.
The price for the
$700,000 of bonds originally sold was 85, but they carried a 100
per cent stock bonus.
Tiie company will fund the coupons on
the entire $1,100,000 bonds for tlie two years in January, 1885.
Philadelphia & Reading—Central of New Jersey.—The
Jersey Central directors’ committee, appointed to investigate
Reading's claim for payment of betterments in Jersey Central
stock or bonds, has decided not to allow the claim.
This
claim was for $200,000 betterments, which the committee
thinks were expends l under the terms of the lease, which
provided for the maintenance of the road in good condition.
The balance of the claim is for $1,500,000 payment made on
This claim the committee has not acted upon.
Rochester & Pittsburg.—A new reorganization scheme of
the Rochester & Pittsburg Railroad, proposed by second mort¬
car
trusts.
gage
bondholders, is substantially
as
follows: The
to have $5,000,000 of common «tock, $4,000,000 of first pre¬
ferred and $3,000,000 of second preferred stock.
Present
stockholders will receive the common stock pro rata without
the first preferred and $1,000,000 of
be used to pay off the second mort¬
Stockholders will be asked
gage bonds and the floating debt.
to subscribe for the remaining $1,000,000 of first preferred
and the $2,000,000 of the second preferred stock.
For each
$100 subscribed the subscribers will receive one share of first
preferred and two shares of second preferred.
Texas A Pacific.—Messrs. John A. Wright, John N. Hutch¬
inson, Isaac J. Wistar, Frank S. Bond and W. L. Du Bois, a
committee of the bondholders of the Texas & Pacific Railway
Company, have issued an address to the bondholders, saying
that they have had a number of interviews with the officers of
the company, and the result of the negotiations has been the
arrangement which is set out in the letter of the chairman of
assessment: $3,000,000 of
the second preferred will
the committee to Mr. Gould and his answer thereto. The com¬
mittee believe that the arrangements thus made are the best
that can be accomplished for the interests of the bondholders,
and they therefore recommend the adoption of the plan by the
bondholders, and that they send in their coupons as they
mature, and fund them according to the terms of the circular
of July 20, 1884, as modified-by the arrangements made by the
committee.
Mr. Wright's letter to Mr. Gould contains
the essential parts of the plan agreed to:
the following
as
“First. The present funding plan to he modified as to the middle divis¬
ion, giviag the bondholders who do not wish to fund their coupons pay¬
ment of the same in cash; the company using the terminal bonds as
collateral for money borrowed for this purpose, and also to pay the
Missouri Pacitie for the past-due coupons of the consolidated bonds paid
by that company in June last. These last coupon*, as well as the
coupons on the same (consolidated) mortgage, .are to be deposited with
the trustee of the new (terminal) mortgage, to be held by the trustee
for the sole purpose of protecting the company (as they constitute a
prior lien) against any possible action that may be taken by the income
amt land grant, bondholders, in the several suits now pending, or of
•tilers that may be instituted against the Texas A Pacific
pany. and all other in lebteduess to be extinguished
Railway Com¬
in the same
manner.
•'Sec-mil. The funding plan as to the bonds on the Rio Grande & New
Orleans Divisou mortgages to be carried out. But the coupons arc to
lie funded one by one as they mature, so as not to impair the bonds and
the coupons shall not be kept alive after they are funded, and will not
be held by the trustee of the terminal bonds as security for the terminal
bonds which may be exchanged for them. This shall also apply to the
coup >ns whi< li may be paid with the proceeds of terminal bonds.
"Third. J he terminal mortgage shall be modified by a supplemental
mortgage or such other instrument as your counsel, in consultation with
Mr. buiiitt, may think proper for that purpose, so as to make effective
the provisions of articles ti-st and second.
"Fourth. Such papers shall a’so be executed ns will relieve the bonds
alrca Iv stamped from the effects of such stamping, and place all the
bonds oa the same footing iu the marker.
“Fifth: An arbitration of practical railway experts shall examine into
Texas & Pacific and the other roads in
found inequitable, they shall be cor-
the rate4 preva ling between the
the Southwestern system, and, if
reete i.
“Sixth. The board of directors shall meet regularly once a month, and
the by-laws shall be amende 1, if necessary, to this end
“Seventh. At the next annual meeting of stockholders the followingnamed ecu tie men to be elected directors of the company:
3. John a. Wright; *2. John Mitkop; 3, James P. Scott; 4, Clias. O.
Baird; 5. J lm CG Bullitt; 6. Isaac J. Wisrar; 7, J. N. IIutchinsoo;*8,
William D. Win-or: 0, Jay Gould; 10. R. S. Hayes; 11, Russell Sage; 1?,
T. T Et kert; 13, Geo. J. Gould; 14, F. L. Ames; 15, A. L. Hopkins; 16,
John C. Brown; IT, Geo. B. Roberts.
‘•It being mutually understood that, in the event of disability or fail¬
ure from any cause of any of these gentlemen above named to acceptor
serve.the vaeaucy so created shall be filled by the committee or Mr. Jay
Gould, or both, ns may be necessary to maintain the constitution of the
board of directors as agreed; that is to say, eiirht members of the board
nominated ny the committee, eight nominated by Mr. Jay Gould and tho
remaining one selected by their mutual agreement. Some of the gentle¬
men now serving on the board
to withdraw; their names are
have signified their intention and desire
for that reason omitted from the lists
above
given.*’
The reply of Mr. Gould simply assented to the foregoing
statements as being correct, and according to his understand¬
ing of the agreement.
exhibiting the erain movement for five years has
compiled by George W. More & Co., 13 Park Row, New
York.
The production, distribu’ion and fluctuations in values
of corn, wheat, oats, barley and rye are shown, various colors
being employed to represent the product of each of the leading
grain-producing States. Size 26x28 inches; price $5.
—The Ilomestake Mining Company has increased its month¬
ly dividend to 25 cents per share, or $31,250 in all. The divi¬
dends paid- have been 43 of 30 cents, 18 of 40 cents, 14 of 20
cents, and the present one of 25 cents, making 76 dividends to
date, and a total payment of $2,593,750. The present dividend
(for November) is payable on the 26th.
—A chart
been
Balances.
Date.
| VoL. XXIIX.
company
is
Auction Sales.—The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adrian II. Muller & Son:
Shares.
275 2d Avenue IU. Co.l78»17S*fl
110 3d Avenue UR. Oo.2SO®2-7
500 Brooklyn Ciry RR. Co
21" *4
100 Manhattan Gaslight Co .260
100 Metropolitan Gaslight Co.230
10 3 Harlem G islight Co
116*8
150 N. Y. Gaslight Co.15S-U ®10l)
50.) Alaska Commercial Co...145
103 Manhattan Gaslight Co..261
2-2 So. Sc No. Alabama RR.Co.
$11 lot
2 Clinton Hall Association. 47
100 Pacific Bank
..14i«143*4
80 Oriental Bank
139*2® 140
50 Butchers’ auil Drovers’
National Bank
147
35 National Park Bank
145*4
Share.
5)3d National Bank
100
40 Tradesmen’s Nat. Bank.. 98*5
4,340 Swartlmiore College...
$1 55 per share
Bonds.
.
$3,000 2d Av. RR. Co. 7s. due
1338
106*4
Gas¬
$20,0)0 Williamsburg
light O > ist.s, 6s
1073s
$4,695 Union Mutual Ins. Co..
scrip
$30 lot
$3,0)0 Shenandoah Val. RR.
Co. lsts, 7s, duo 190)
95
$32,0 10 State of Nebraska 8s.
due 1897
126*4 audiut.
$1.00) City of Montgomery,
Ala., 4s. due 19)7
C6*a
..
December
THE CHRONICLE.
13, 1884.J
4 80.
jankers7 ©alette.
675
Continental bills
@5 22%; reichmarks,
and 40.
DIVIDENDS.
The
The following dividends have recently been announced
(
Name of Company.
Per
| Oent.
:
3
..
When
B)oks Closed.
Payable.
(Day8 inclusive.)
Fitchburg
Lehigh Valley (quar.)
Manliat au Elev. consol, (quar.).
Missouri Pactie (quar,)
Morris «fc Esse *
if. Y. Cent. & Hud. Kiv. (quar.).
New York <fc Harlem
Philadelphia Wil. <fc Bolt
Miscellaneous.
Western Union Telegraph (quar.
..
NEW
Dec.
27
15
4
4
Ian.
Jan.
Jail
Jan.
Jan.
Ian.
Jan.
1 *2
Jan.
3 hi
1*2
0
2
2
15
f
2i
The
Dec. 21 to Jan. 1
Dec. 21 to Jan. 2
Dec. 11 to
Dec. 16 to Jan. 20
Dec. 16 to Jan. 2
Die. 16 to
15 Dec.
21
to
Jan.
1
YORK.. FRIDAY, DEC. Vi. 1SS4-5 P. M.
The Money Market and Financial Situation.—The current
sentiment in business circles has much to do, at any time,with
the course of prices and the tendency of industrial activity.
After
the rate3 of domestic exchange
on
New
to-day: Savannah, buying
% discount, selling % discount @ par; Charleston buying
3-16@% premium, selling par @ }3 discount; Boston 10@12%
premium; New Orleans, commercial, 50 discount: bank, 100
premium; St. Louis, 50 premium; Chicago, 25 discount.
534
$2 50
1*2
were
91%'o>94% and 947a @95; guilders, 39%
York at the under-mentioned cities
Railroads.
•Central of Georgia
Cleveland & Mahoning Valley
following
Francs, 5 24%@5 23 and 5 21%
were:
posted rates of leading bankers
are as
follows
December 12.
:
Sixty Days Demand.
Prime bankers’sterling Wilson London
Prime commercial
Documentary oommercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarka)
4 82
4 86
4 7934
4 79 q
5 2 43q
49
5 21^8
40 q
943s
95*8
Coins.—The following are quotations in gold for various
coins
:
S iverelgns
$4
N inoleons
3
X X Reichmarks. 4
X Guilders
3
S >an’h Doubloons.15
MAx. Doubloons.. 15
F'iesilver bars
1
Fine gold bars
Dim >i8 & *a dimes. —
84
#$4 87
85
74
96
55
55
«
3 SS
a> 4 78
® 4 00
&15 70
#15 65
; Silver
qs and *33
! Five francs
Mexican dollars..
Do uneommere’l.
Peruvian soles
-
—
99 V®
—
92
#
par.
—
94
843*#
S5*u
period of heavy losses capitalists become unreason¬
c4q#
85
ably timid, and because they lost heavily on steel rails at $00
77
# —^80
English silver
4 78
d> 4 84
per ton, or on a certain issue of railroad bonds at 120, they are
0?q# 1 OS
U. i5. trade dollars
86
a
88
par#4 prein U. S. silver dollars*
afraid to touch the rails again at $28 or the bonds at 50. This
993* # par.
993i ct> par
is a reflection of the most general character, but it has
quite a
United States Bonds.—Dealings in government bonds have
practical bearing on the present situation, as money is piled up been
moderately active the past week, and prices have been
in our banks and the owners of it are afraid either to
engage nearly steady, closing at a slight reduction as compared with
in new enterprises or to buy securities at their
present low last Friday.
The closing prices at the N. Y. Board have been as
prices. And yet the decline in the cost of materials, cost of
follows:
living, and the scale of wages, has been such that there has
Interest Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
been no time since 1878 when new building
Periods.
6.
8.
9.
10.
11.
12.
operations, or im_
provements to old works, could be undertaken as cheaply as at 4**s,1891
..reg. Q.-Mar. *113-8 *1137>. 113 34 U334 *1133i *11358
a
—
—
—
—
—
....
..
—
—
—
'
4*58,1891....
4s, 1907
4s. 1907
38, option U. 8
Oqour’cy, ’95
6»,our’cy, ’96
6qcur’cy, ’97
6 qear’oy, ’98.
63,our’cy. '99.
present.
The railroad reports
coup.
--reg.
coup.
-.reg.
-.reg.
£.-Mar. ni3-e
113-8
Q.-Jan. *1224* *12234
Q.-Jan. 12334 123*,
Q.-Feb. *101*2 •101*0
1133*
113V*11334 *11358
122*o *122*0 *122 34 *1225*
123^ 123 34 12334 1233*
tOI*s *1013a *101 q -101
*126
*126
*126
*126
*126
*126
*128
*128
*128
r123
*128
*127
*131
*131
*131
*131
*131
*128
*13 2
*132
*132
*132
*132
*129
*133*- *133*4 *133*2 *133*2 *133*2 *130
for the year ending September 30, which
appearing from day to day, do not make a satisfactory
r. & j.
•exhibit, but in this there is nothing new, as the facts were well
..reg. j. & j.
..reg. j. & j.
known some months ago.
Nor is it to be supposed that the
..reg. j. & j.
.reg. j. & j.
two months from October 1 to December 1 were
good months
for railroad profits ; but from and after December
This is the price bid at the morning board; no sale was male.
1, 1884, the
railroad outlook ought to change for the better, and if the
State and Railroad Bonds.—State bonds were more ac¬
companies do not now have more satisfactory returns from tive than of late, the sales embracing $10,000 Georgia 7s gold
their operations, it will
probably be on account of the persist¬ at 111*2; §L000 Missouri 6s, 1886, at 103%: $1,000 do. 6s, 1888,
at 107*2; $-0,000 North Carolina special tax at
ence of their
3, and $5,000
managers in cutting rates, and thus throwing
South Carolina non-fundable at 2%.
away profits.
Railroad bonds have been less active than last week and
Rates for call loans during the week on stock and bond col¬ lower for the
general list, in sympathy with stocks, though
laterals have ranged at %@3 per cent and
most of the better and higher-priced classes hold their own
to-day at 1@2
percent. Prime commercial paper is quoted at 4%@5% per pretty well. Erie 2ds and West Shore 5s have, as usual, been
most conspicuous for activity, the former
declining and the
cent.
latter ruling comparatively steady.
East Tennessee 5s and in¬
The Bank of England weekly statement on
Thursday showed comes have also been active and declining. Erie 2ds close at
again in specie of £032,000, and the percentage of reserve to 56%. against 57% last Friday; West Shore 5s at 41%, against
liabilities was 41 3-16, against 38 3-16 last week ; the dis¬ 41%; East Tennessee 03 at 49%, against 52%: do. incomes at 12,
against 14%: Central of New Jersey consol, assented at 101,
count rate remains at 5 per cent.
The Bank of France lost against 102%; Fort Worth & Denver lsts at 62,
against 63%;
8,206,000 francs in gold and 1,244,000 francs in silver.
Rome Watertown & Ogdensburg extended 5s at
72%, against
The New York Clearing House banks, in their statement of 73%; Atlantic & Pacific incomes at 17, against 18's; do. 1st
Dc'c. 6, showed an increase in
surplus reserve of $30,273, the mortgage, Western Division, at 79%, against 80%.
surplus being $42,297,430, against $42,267,173, the previous
Railroad and Miscellaneous Stocks.—The stock market
has been tolerably active, and prices have declined all the
week.
week, with
few and unimportant re-actions. Lackawanna
The following table shows the
changes from the previous has been thevery
most conspicuous stock, and lias led the decline,
week and a comparison with the two
preceding years in the selling to-day at 98against 108 at the close on Friday
averages of the New York Clearing House banks.
last.
The coal business is reported to be in a demoralized con¬
dition, in consequence of the action of Reading in desiring to
1884.
cut loose from the combination, which, it is
Differences fr’m
1883.
1882.
thought, might
Dec. 6.
Previous Week.
Dec. 8.
Dec. 9.
reduce the prices of coal to such an extent as to
seriously
affect the earnings of the coal mining and
toansaud ills. $288,044,800 rnc.$2,530,200 $327,866,100
carrying companies.
$304,20 4.40)
1.921.400!
fS7 82-Slnn
Specie
86.494,600 In
56.319.600 All the other coal stocks have been weak, except Jersey Cen¬
Circulation...
11.587.200 Dec.
56,2oO
15,412,400
18,383,100 tral, which is strongly held on rumors of buying for the Balti¬
Net deposits.,
329.870,200 Tno. 4,04 4,9)0 318.948.200 292.523,800
more & Ohio, or some other
l^gal tenders,
strong parties.
38,270.400 Dec.
179,900
26,532,700
10.414.600
Tlie Vanderbilts have been very weak, especially Lake Shore,
tepal reserve $82,407,550 Tnc .$1,011,225 $79,737,050
$70,630,950 and it was
reserve held.
predicted among other bear rumors that the next
124,765,000 Tnc. 1,011,500
84,407,»00
75,73 4,200
are now
J
.
*
...
p.
Surplus..
$42,297,450 Inc.
$30,275
$4,670,750
$5,103,250
Exchan &e.—The sterling exchange market has been
irregklarand at no time has the demand been active. Posted rates
were
advanced %c. on Monday, but they have been twice
reduced since, %c. each time, the demand being
very small
^dthe supply of commercial bills rather
increasing.
(Friday)
To-day
have
been advanced again %c. Recent
tond transactions in London are said to influence the
price
exchange here, as several loans have recently been made
rates
by strong corporations.
To-day
Bankers*
4
85^
the
rates
on
60
encouraging, notwithstanding the fact that
dend of 1% per cent was declared.
actual business
were as
follows, viz.:
hardly
a
quarterly divi¬
Several small failures have occurred, one in the
city and
in Syracuse, and although none of the firms had
any
liabilities of consequence on the Stock
Exchange, the bears
made use of the news to force down prices.
The situation in regard to the granger roads is also
spoken
of unfavorably, as the prices of cereals are so low as to
two
suggest
the possibility of hostile granger legislation to compel
the
roads to reduce freight rates on grain.
But as this is a mere
possibility of the future, it counts for little
time.
day? sterling, 4 81>^<@4 81^^; demand, 4 35%@
Cables, 4 86@4 8634. Commercial bills were 4 79% (ct
dividend would be passed.
The annual statement of the New
York Central, made public officially this week, was
To-day, Friday, there
was
quite
a
at the
present
break in prices, and the
market closed weak at about the lowest
This break seems to be caused mostly
assisted by numerous extravagant rumors.
prices for the day.
by bear pressure*
THE CHRONICLE
076
EXCHANGE PRICES FOR WEEK
NEIV YORK STOCK
STOCKS
Saturday,
Dec. 0.
It AII* HOADS.
Albany A Susquehanna
Boston A N. Y. Air-Line,
pref.;
No.) ’•14 V
Chicago A
34
Northwestern
prof.
Taul Minu. A Om..|
Do
pref
Cleveland Col. Cinu. A Ind
t
Dubuque A Sioux
East Tennessee
*5
8
!
8
TIaute
Long Island
Louisville Ar Nashville
Louisville New Albany A
Manhattan Elevated
4 Hi
7 Hi
34
V
uH
*4
4 V
A St. Paul
,
Central
7^
►32
4 0
4V
IV
pref.
ioGV
;>•>
;
j 1-6
!
ll
SV
8
V
*7
8
*0
119 V
,
32
5
37
Hi1 118V 119 Hi *118
119
40
*86
os-v
*64
20 "4
00
27 V
20
20 V
*1 4
*10
00 v
*03 V
20 V
71V
72 a4
71V
72 V
"tov
15 V
11V
08 V
8V
8V
58
8V
58
4V
6V
8V
V
4
V
7V
*4
1 95
31
195
*119
120
15
12
07 V
0 1 V
20 V
14 V
*10
04 V
03 V
20
70 V
71
10 v
......
11!)
119V
5:‘i
93"8
8V
6,505
4,lit)
700
14
i*03"
152,980
1,655
8V
210
4,210
6,035
4 V
0V
’Too
18 V 118 V
vii9*" rio'
......
.....
......
11V
14V
1IV
12
67 Ji
03 V
20 V
10
03 V
10
04 V
24 V
20 V
i,398
......
...
”4 00
13 V
13 V
...
.
63 V
*03 V
24v
Co
......
.....
92
50’a
50 ]2
pref.
Do
92
50 V
17V
92 V
*1
*0
128
23
123
92
V
123 V
13
*12
28
10 v
92 V
*7
28
17
92 V
‘9
‘Jobs
88 V
91 V
8
89 'a
14 V
29
Lack. A Western...
Lake Erie A West.
Do
pref.
New York A New England
New York New Haven A Hart.
New York Ontario A Western.
New York Susq. A Western...
891-.
1 5 V
2!)
*87
11 v
27
12 V
ISO
12
12 Hi
„
91
5;{h
0
^
*7
pref.!
15 V
27
18!)
J 2
2V
.
8
89
124
37
89 V
89
5V
5V
8V
*7 V
89
*87
14 V 11 v
124
000
.
65
(>5
25 V
160,100
* ’TO"
5,984
120
10,090
2 V
K
32
13
lit Hi
17 V
pref
Northern Pacific
40;h
1 V
18 V
pref
Ohio Central
Ohio A Mississippi
Ohio Southern
Oregon Short Line
Oregon A Trans-Continental...
Peoria Decatur A Evansville..
Philadelphia A I leading
Pittsburg Ft. Wavin' A Chie...
Rich. A A Hog.. »t’ktrust ells..
Richmond A Danville.
Richmond A W't l”t Terminal]
Rochester A Pittsburg
Rome Watertown A ogdensb..
St. Louis Alton A 'l'erre Haute
nref.j
Do
St. Louis A San Francisco
Do
pref.
Istpref.
St. Paul A Duluth
\
prof
1
Do
St. Paul Minneap. a: Manitoba
Texas .t Pacific
Union Pacific
Wabash st louis A Pacific
pref.
HIlMaiLMNKOTS
American Tel. A < 'aide Co
Bankers' A Merchants’ Tel
Dr
Colorado Coal A I rou
Delaware A Hudson Canal
Mutual Union Telegraph
New York A Texas Laud Co
J 8 v
*18
.•_>_> L,,
125 "
2 V
1*41 V,
y-.iv ”20” "go”
1 7V
11 V
1 v
19 V
17 V
39 V
17 V
•11
IS
18
15V
15 V
13V
1 L
23
25
13
*13
22 V
20
V
1 1
87
......
*12
13
43
19
18V
50
......
......
.....
* *
)‘ )
5
V
*7
LOTS
SOI)
88 ‘y
183,180
5 -’•»
8V
205
100
125
.....
13 V 11V
28
*20
10
9
175
175
12
12
......
37,090
8R7
20 ”
17 V
40 V
19
V
"20 V
17'4
40 V
IV
1 0 V
39 V
16V
39 V
*10 v
39 V
10
18 V
10 V
_
39 V
1 ‘8
19
’J
19
iv
1
IV
V
20
isv
i;i
12 V
1
11
23
125
0
'4
21
let;
13
13
*J‘J
12
12 V
2 i V
V
12 V
13
12V
22
o»>
12
V
3V
**J
IS
is
25
85
*21
23
22
42'.
*21’
A
IV
'05S
21V
4,000
22 V
4 1
85 V
S5
S3
12 V
49 "4
I
18V 1
50 V
'■
5
1
12
V
V
HIV
18 V
50 v
5V
15 *
—
!
>
•
>
......
*21
>89
35
41
85
78
82
12
49
*5
'12
V
V
V
55 V
4
8
1
8
33
V
8 V
SO “
8
84
V
12:h
50 V
5 V
V
V
14
18 V
13 V
53
V
2i
20
•il
8 4
*40
81
o.>
88
12
tv>
47 V
'■> V
18 V
48:4
52 V
*1 V
58
V
4
8
8 '•>
82 V
85
82 V
*1
8
85
14
20 Hi
■49
81
12 V
;*l
18 Vi
4
200
TOO
100
21
71V
5 4
1 1 1
80
8V
49 Vj
96
*53
'VOS
90
55
liu
V!
1"8
>4
*80
00V
*132
*132
90
*95
95
*52
5 4 V 5 1 '•»
106
109 V 109 V
90
55
108
132
132
90
96
5.3 V 55
*108
110
132
95
*52
*103
-
V
01V
132
90
.55
110
|
130
*115
130
130
*115
*115
130
130
Mississippi, pref
113
! 93
j 62
;
....
142
|
Canton ('0
Consolidation Coal
*91
►91
40
40
9
9
*'91
*91
18
_.
Pennsylvania Coal
......
hid and asked
; uo
99
22V
8 4V
19 V
Jau.
Feb.
Fob.
Jau.
32
J
ail.
,
9H
Jau* 261
7'1
Ill
16'I
7 i
o,
i 29V'
36V
57V
j
if.....
sale was made at tiie Board.
......
......
....
18
200
150
10
Julie 2
May
9
,264
24 126
Mar 26 i 88
26'115
7i!
Juno
Dee.
.1
ulv
Nov.
June
Mar.
Nov.
May
Feb.
Vi 135
i 94 V
55V; 65V
Feb. 13! 1113
June23 j 80 V Jan. 7!
June 13 i 152
Feb. 16 i
90 V Nov.
15
39 V
IS
8
5
14
4 102
May 17j 61V Feb.
137
Apr.
19 V Dec.
J une
115
45
May
1138
*91
„
Mar. 18,1
90
39
17iI
—
Rensselaer A- Saratoga
South Carolina Railroad.
Texas A New Or eaus
17;!
32V Jan
i
23
14
15
1
34
85
35
80
103
20 V 36V
40
59 V
87 jlOOV
33
I 40V
90
i 9 .7 V
94 1169 V
17 V 43
70 V! 104 V
15 |
Mar. 21m
Mar.
96 V Apr. 10
July 11
28
16jjll8V:140V
100 !
*115
30j 50
May 15
21
49
...
*115
J une
2 4
50
32
89
23;j 46V! 91V
June30!
215 I 87
285 | 45
....
19V
2'0
19
29 V
12
!
—
....
19V
7
14 129 V 138
4
j 15V
Jan. 11; !
Feb. 14M 47 ! 72
000
9
INACTIVE STOCKS.
Atchison Topeka A Santa Fe
Chicago A Alton, pref
Joliet A Chicago
LomsiinaA Mo. River
New York Elevated
July 31 61
June261 32
22;
57
69't,
May 16 61 V Jan. 8
1
Oct. 1 7i 127V Apr.
7
June27! 17 V Mar.
14 i 39V
81 V Dec. 12:114
11,798
Feb. 11: 102 V 1152 V
25
100
10
I
15
May 1G| 17 V dan. 10|
125
1122 V Jau. 7)170 Feb. 9 00
9i V
56
"ioo ! 8VJune28 05 V Jan.
150
90
211 1! 60VJune26V12
Jan.
44
V
28
17.41? : 31
May 16i 56V Mar. 17|
90
2,157
May 2 41117
Jan. 7 112 V 134
9V
5
3 V Juno3o|
6 V Fob. lii
46V
1
20 Juno20j 34
Nov. 29! 30
71V 88 V
114,660 • 49
May 14 78 V Feu. 16
329
81
52 V 53
5 4V
a 15-4
00*2,
107 V108
100 V! 107 V 108
6
;
84
!
02
i*131 V
'94
90
5 4
5 4
108
108
5
76V Oct. 20
5 V J une27
23
Juno 30
4
June 27
9
May 20
400
200
0
July 3 96
Feb. oil
June26i 29 V Aug. 22!!
172
1,925
.
57-VTan. - 7
4 V Sept. ;5
25 V Mur. 17
1I V Get.
7
Oct, 1 Si
June 27
15
65
11,192
92,495
13! I
281
58 V
I
EXPRESS.
Adams
American
United States
Wells, Fargo A Co
Jan.
14
18
885
4 7V
*5 V
*8
Feb.
4,!
Si
*12V
81V
18V Feb. 10M
12V Nov. 3li
toll
70
11V
24 V
70
82 V1
12 V'
V ‘39 V
47s;
«V
15
14
21V
10
18
32
! 49V
23 V 53 V
49 V 96 V
11V
2
21
; 36V
7
14V
Feb.
300
J 09
1
1V July 24i 16 V Feb.
80
20
42
21
71 V
54 V!
53 V 5 4 V i
58
lit
110 V 110 V 109 V 109
0
6
*4 V
!
*4
34
3 4
*80
8 4
►80
02 H
32
12
10O
......
•53 V
88 V;
4
May
42
27
2„v May 21
L‘»20
Hi
82 V
12 V
|
122 V
26 Vl 40V
72 j S3
17 V 52 V
169 1183
3ll
16 VI an. 7
6
Feb. 28)1
...
1
82,”4
12 V
47 V
!S2 '•>
12 V!
50 V
8
82
’
51
Mar.
17 V Apr.
7)184
Juno27
37 V J une 27
IV Dec. i
14 V May 14
5
Juno 12
8 V Aug. 8
......
......
21
42 V
85
21
*40
85
>
115
28V Jan.
24
Mar.
10, lilt)
6VJuno20 34 V J an.
1,220
7
Juno20j 17 V Aug.
0,8 SO »2i>V Now 1| GOV Feb.
2 41 119V 1 )eo.
1:135
Apr.
12 V
12 V
22 V
«
*70
0
54
54
*3
......
*7()
11
85
81
3 V
;;
July
June 27
14
200
200
...
J
*3
June241
2 V Get.
9
8 V Nov.25
10
Jan. 29
17
Nov. 25
......
V
21
7
4,227
85,1s 1
127
127
120
115V; 129 V
91V; 108 V
I-eb. 12. 115V 140V
Teb. 12l| 134 !157
Juno271 71
175
2,825
......
*3
1IV June27
20
8
270
20 V
17
•10
V
17
Juue23| 140 V Feb. 5
Feb. 16
Jan.
3
1 eb. 16
-
*
’
1*9 V
V Nov. 171
2
Feb. 11
Jan. 7
Jan.
.
......
*
Feb. 11
Jan. 18
Jan. 11
1'
200
‘:2o’V 21''
18
an.
116 V! 127 V
10 V 22
16V Nov. 18 35
Jan. 11!! 33 i 57 34
21VJune201 33VAug.20! 30 i 55
80 V J line27i 100
Aug. 20j 91 1113V
54
I 84
28
June27! 69 V Mar. 14
125 V Juue24j 141
A pi. 1 i: 124 V; 142
HIV 131V
90 V May 201133 V Mar.
0 V June 23
25VJan. 3| 21V 51V
92
77
52
Oct. 25
82
Mar. ltd
11 V
4 V
3 V May 14
8V Feb. 15|
5 V Dec. 11
11V 23
14 V Feb. 15,
45
75
30
51
Oct. 25
Jan.
7|
10 V
5
3 V Dec.
8 V Feb.
81
8
185
Nov. 14 185
Nov. 14j
82 V
20
June26 51
Jau.
4, 50
148
110
June23 140
Feb. 13' 124
84 V
77
70
Mar. Oj
July 8 86
9
June21
20 V Tan.
5! 17 V 3 5 V
33 V
13
V
6 V June27
1934 Jan. 7:
68 V Dec. 11 10434 Mar. 4:
92V 114 V
86 V
58
62
May 24 78V Mar. 15
22 V June 2 4 513e Mar. 4
40V 58 V
68
10
Nov. 11
35
Jan.
4; 30
53 V
40
67
Jan. 22
Aug. 26| 38
80
90
82
93 V Apr. 7!
Jan. 2l
53
38
65
42
Jan. 23
Aug. 21 j
79
09
Dec. 1 2
Aug. 221
12 V 30 V
10
Mar. 18'
Aug. 20 24
55
40
23
June 27
Jan. Il l 32
95V
85
June30 105
Apr. 15 i 70
' 51V Juno27 94 V Mar. 4
77
100V
18
10
10
Jan.
Feb. 11
16
7!
31
Oct. 22 44
Apr. 101 35 ; 43V
7 V June23
18VJan. .7! 16 V' 3034
68 V
33
17
June21 36 V Feb. 11
9 V June27 23 V Jan.
5| 19 V 34 V
106 7a
86
63 V May 20 100
June 211
19 V
10
6 V June20
1334 Mar. 24
129 V
120
116
127
Jan.
Juno27
29j
64 V
50 V
30
June20; 58
Mar. 14
83 V Nov. 7 122
Mar. 13! 111V 129V
7
5
15V
,
July 1
10 V Feb. 15
8
ll 2034 Feb. 14, 13 V 35
Dec.,
83
June20 94V Apr. 12, 83V! 39 V
195
150
..
pref.:
These are the prices
300
6,825
9,300
......
S3
Oregon Improvement Co
Oregon Railway A Nav. Co
Paeitie Mail....
Pullman Palace Car Co
Quicksilver Miniug —.'
Homed ko Mining Co
New Central < ‘onl
Ontario Silver Mining
"
16 V
92 '.j
8/ V
_
......
*5's
*12 V
.....
......
-
12 V
*13 V
100
......
92
*7
9
1 19 V 11!) V
*35 V 39
fc
*12 V
500
485
56 V
10 v
*
< •>
SI V
50 V
-
•>
70
T-l V
23
I 1 ”rt
«!(V
*93*"
50 '-i
n
4
20
V
V
39V
*1 V
125
2
"
if)’"
•>
1 7
”93*’
50 V
V
‘
*
”i)3 ”
14
*12
30
27 V 27 V
10 v
10 v
17
92
92 V
92 V
'9
(i
*x 118 120 V
124
12 4
30
30
39
*.
8 1 V
90 V
SsV
*5 V
5V
•5 V
;>-4
8V
8 V
*7
*7
88
87 V 88 '4 *86
1 tv
14 V 14V
MV
28
28 V
*25
28
10
10
2
9
7
100
*
Norfolk A Western
09
70 V
10 v
32
*12 V
*28
10 V
92 V
c
*1IV
2V
!1
"70"
......
07
’
New York
New York
Do
14
27 V
17 V
*12J->.
27
1 (i :<y
92 V
*0
pref.
Do
30
17’a
Missouri Kansas A Texas
Missouri Pacific
i..
Mobile A Ohio
Morris A Essex
Inashv.t ’hattanooga A si.f.ouis
New York Central A 11 mlson.
New York Chic. A St. Louis...
14
>12
*28
v
*03 ”
ulj v UT
**92*’
*94 *
50 Hj
"ii
0
118
10
.1
4,018 100V June23 126V Feb. 111
•120
6
Sept.26| 13 V Jan. 5
100
i
15
28
5), 803 107
June27,127 V
307,912
58VJuiio27i 94V
95 V June 271119
1,885
150,478
81 V June 23 j 124
1,258 117 June23;i49V
’
’
consol...
West’ll
Do
pref.
Minneapolis A St. Louis
-no
......
Jaii.
High
127
135
78
8434
75
86
48 V 65 V
47 V 71V
10
17V
68V 90
61
88
13
233.
23
35V
1434 27
128
137 V
Jan. 30
Aug. 19
G734 Jan. 10
9VJune20l
I
Milwaukee L. Shore A
*
20
ov
o
......
15
Memphis A Charleston
Metropolitan Elevated
Michigan Central
Ohio A
14,972
4,031
.....
i’o’ov i'o’i v io.i v
’
Do
*10
V 129 V
4V
64
4D
4V
7 ‘4
32
*4
15
11 v
00 v
common.
Do
10v
j
46V
12
90
8
May 22
89 >4 Oct. 25
30
Juno30
5
June 27
......
45V
33 V
*5V
46
33 V
0
10'-.
Chic.!
Istpref..
Do
4 O •’$
33'V
*5V
|
OV)
900
Low.
Highest.
.Tuly o 135
80V Mar. 27 90
50
June28 80
39
58 V
June 27
24 V June 27 57 7a
1,850
32?
1
-
...
34
102 V
8V
*80
I
38
120
leased line 4 p.c;
O'P.
Indiana Bloomingt’n A West’ll,
Lake Erie A Western.
I •»7
V
Bake Shore
Do
14
*31
31
31
31V
119‘y 120 V; 119 V
75 V TT :*i1
74 V
105
106 V *104»4
84 V 86Ha!
84 Hi
120
119
4*3 V ‘45” ’45*’
45
•16 *4'
V
11
*7
129
11V
137
Do
Manhattan Roach
31G
14
40 V
33 V
tj V
!
45
45
31
*10
44 V
33 V
•
City
Do
Do
Do
11
8V
31V
*10
44 V
33 V
*5 V
*10 V
107 V 105 V 100;,s 105V
8
8V
nSO
9 Vl
yi4
A West
Va. A Ga
Harlem, pref
Houston A Texas
Illinois Central
11
*7
45V
......
guar..1 105
13/„"s
Do
Evansville A Terre
Green Bay Winona
45V
34 V
OV
45
......
Chicago St.
Lowest.
126
Ill’s
Pief-j
Delaware Lackawanna
Denver A Rio Grande
(Shares).
75 "s. 7
77V 79;!y
7G78 78 I
106
105 V 105
107
108 V 3 07 V 107 V *106 V 107 V1
85V! 84V 85
85
85’4 80 V1
hi 87V
87 V 87V’
122
V 122 V
122'a 124 i 128
12;
125
>122
123
125
3 24
: 125
108V 109 ’
109 V 108 V 109
10!)
111
110
111
11IV 110
7
9
*8
7V
V
*8
5)
*7 V
8>4:
8 ‘4
8*4
*
17
*15
17
10 V 17, j *15
IOC 17G
25 V 26
25
25
27
V
26
27
V
27
20 V 28 Jo!
28-4 29 V,
80 V SO V
80
80 V
87
80
80 V 87 V
86 ^ 89 V
90 V 90 >.i
32
32 V
32
34 V
31
34
i
86 |
80
79V
Chicago Hock Island A Pacific;
Chicago St. Louis A Pittsburg. |
Do
44V
33 V
*5 V
•
X
*7
130
1 129 V 1 Olf
130
121
121 V 121 V 115)
A Quincy A St. Paul
piel.
Do
32
*10 v
0;J4
11V
OV
1 1 J4
Friday,
Dec. 12.
Dec. 11.
j
For Full
Year 1883
Range Since Jan. 1,1884.
*
45 V
32
11
45V
;
V
45 V
;
Cleveland A Pittsburg,
Dec. 10.
9.
1
*30
2d prof
Do
Dec.
j Thursday,
Wednesday,
Tuesday,
8.
Sales of
1
45
33
!
14
:
■! OV'
35
I
*10
j
Istpref
Do
Do
Chicago A Alton
Chicago Burlington
Chicago Milwaukee
Dec.
1
Burlington Ceil. Rapids A
Pacific
Canada Southern
Cedar Falls A Minnesota
Central of New Jersey
Central Pacific
Chesapeake A Ohio
Canadian
M onday,
j
ENDING! DEC. 12, AND SINCE JAN. 1, 1884.
PRICES.
LOWEST
AND
HIGHEST
rvoL. xxxix.
! 78V
140
Mar. 4 138
12 1145
1 j 24
Oct. O' 13
24 150 June 13. 90
96
15 90 Jan.
V Apr. 18 139 V
18 ,146
1
22 V
11
May 24
1
Feb. 11,
22 93
20
25) 21
Jan. 24
50
Nov. 2l!
28 40
24
Jan. 29
10 28
8
11
Jan.
4
25
9
18 10V Jan. 31
18
10 0(11., |n„ MU
19 264 ” Feb. 19,,260
!
91
128
84
150
138
25 V
105
112 V
145 V
27 V
31V
50
27 V
19
14
35V
|28oV
THE
December 13, 1884.]
CHRONICLE,
QUOTATIONS OF STATE AND RAILROAD BONDS.
STATE
Ask.j
Bid.
Alabamar— Class A, 1906.
Class B, 5s, 1906
Class C, 4s, 1906
78.1886
100
81
105
2
10
10
10
10
3
101
105
7s, gold, 1890
111V 114
08,10-208,1900
Arkansas—6s, funded
7s, L. Rock & Ft. S. iss.
7s, Memp.& L.Rock HR
7s, L. R.P.B.&N.O.RR
7s, Miss. O. <fc R. R. RR.
7s, Arkansas Cent. RR.
Georgia—6s, 1886
SECURITIES.
Ask.
Bid.
SECURITIES.
1 Louisiana—7s, eons.,1914
82V
Missouri—6s, 1886
0s, due 1889 or 1890....
Asyl’m or U niw, due ’92
Funding, 1894-95
Hannibal & St. Jo., ’86.
New York—6s, reg., 1887
6s, loan, 1891
68, loan, 1892
6s, loan, 1893
N. Carolina—6s, old, J.&J.
Funding act, 1900
......
9
^
®
1
1
Bid.
Ask.
Railroad Bonds.
(Stock Exchange PricejO
Ala. Central --1st, 6s, 1918
Alleg’y Cent.—lst.6s.1922
Atch.T.it S.Fe—4 Vs,1920
Sinking fund, 6s, 1911..I
Atl. & Pac.—1st, 6s, 1910.:
Balt.it O.—1st, 6s, Prk.Br.
Bur. C. Rap.it No.—1st, 5 s
Consol., 1st, 5s, 1934... j
8yr.Rimt
Minri.ifcSt.L.—lst,7s,gu.
Ia.
City.it West.— 1st, 7s
C.Rap.I.F.&N.—1st,6s!
1st,5s, 1921
j
Buff. N.Y. «fc
P.—Cons.,6s'
General, 6s, 1924
)
...
Can. So.—1st, int. guar. 5s
2d, 5s, 1913
i
Reg., 5s, 1913...
!
Central Iowa—1st, 7s, ’99
East. Diw—1st, 6s, 1912'
Ill. Div.—1st, 6s, 1912. J
Cliar. Col. & Aug.—1st, 7s:
Chesapeake & Ohio —
Pur. money fund,1898..
6s, gold, series A, 1908 j
6s, gold, series B, 1908
6s, currency, 1918
!
Mortgage (is, 1911
!
.
6s, Act Mar. 23, 1869 )
non-fundable, 1888. )
Brown consol’n 6s, 1893
107
Tennessee—6s, old,1892-8
0s, new, 1892-8-1900
41
41
I
44
Manhat.B’ch Co.—7s,l 909
Metropolit’nEl.—1st,1908
;
—
„
—
—
----
94 >2
!
V*
j
93
i
Eliz.C.&N.—S.f.,deb.,c.,6s!
1 ftt fiq 1
.120
Eliz.Lex.it Big
■
Sandy—6sj
•;
*H6V;
1st, guar. (564), 7s, ’94 *H6V
2d, (360), 7s, 1898
! l‘^5 ;
2d, guar. (188), 7s, ’981
2d, 6s, 1901
i
!
--
N. Y.
_
|
2d, 7s, 1898
82
----
.
T
165
70 V
Pitt.—1st,6s,1921
Consol., 1st, 6s, 1922
!
Rich.* A lleg.—1st,7s, 1920
Rich.it Dauv.—Cons.,g.,6s;
j?;»V 95V
Debenture (is, 1927
50V|
Atl.it CIll.—1 st,pf.,7s, ’97 108
1 ncomes, 1900
*68
Scioto Val.—1st. cons., 7s.
St.L. it Iron Mt,—1st, 7s
103
2d. 7s, 1897
104
_
j
niv
101 V
Fulton—1st, 7s 106 V 107 V
CairoArk.it T.—1st, 7s 160 V
Gen’l r’y it 1. gr., 5s,1931
! 70
St1.1/.Alton it 1.11.—1st,7s 115
108
2d, prof., 7s, 1894
Arkansas Br’ch—1st, 7s
—
Cairo it
ii'io*
100
109 V
109
109
109 V
103 V'104
i*o*8* ’j
100
.103 V
j
!
36
97
j
97
Mt.Vern’n—1st, 6s, 1923. i
Registered, 5s, 1931....I *40
^.*126 I
Fargo it So.—1st, 6s, 1924!
>
!
jjTex.it N. O.—1st, 7s, 1905
103 V'....:. Fl’tit P.Marq.—M.Ob.I920' 113 V 115 jh N.Y.Susq.it West.—1st, us
1
'
Debenture, 6s, 1897
Sabine I)iv.—1st,6s, 1912
113. 113Hi Gal.Har.it s.Ant.—1st, 6s1
!
106
V
Midland
of
N.J.—1st, 6s
31 i 82 1 Va. At id.—M. inc., 6s, 1927
101 v....
! N.Y. N. 11.AII.—1 st,
2d,
7s,
!
106
|
1905
102V
112
4
s
!
rg.,
10.1
| Wab.St.L.it Pac.—Gon’l 6s!
1011.
West. Div.—1st, 5s
Nevada Central—1st, 6s..
j *92
;
Chic. DJ w—5s, 1910
Adjustment, 7s, 1903... 102 V lu4 ij
2d, 6s. 1931
1
N. Pac.—G. 1. gr., 1 s t,
1*03*’
,103
V
cp.,
6s
Conv. debent. Os, 1908.. *60 |
Hav. Div.—6s, 1910
;
80
Gr’nBavW.itSt.P.—1st,6s
Registered,
6s. 1921
* " * * * * ! |
94
J
Tol.P.itW.—1st, 7s, 1917 j *
94 V Gulf C6l.it S. Fe—7s, 1909 11
Leh.itW.B.—Con.g’d,as.
113 V Ij N.O.
*5*9"
Pac.—1st,
‘jibb**
40
98
-
1
6s, reg., 1917
8iv
52
39
,
30
72
i
;!
2d, 6s. 1923
!j Consol, (is, 1911
;
! Houston it Texas Cent.—
'! 1st, M. L., 7s. 1891
j
i! 1st, Western Div.. 7s
j | 1 st, Waco it No., 7s
2d, consol., maine line, 8s
1
(5s, g., 1920
;
85
Norf.it W.—Gen’l.Oa, 1931
103 V l03-'Vt
N ew River—1 st, 6s, 1932
111
115v Ohioit Driss.—Consol, s.fd.
Consolidated 7s, 1898..J
110 V
2d consolidated 7s, 1911:
105 V 106
1st, Springfield Div., 7s
110
;
OhioCentral—1st, 6s,1920
111
i
1st, Term’l
!
Iowa Diw—Os, 1921
j
Ind’polis Div.—6s, 19211
Detroit Div.—6s, 1921
Cairo Div.—5s, 1931
j
i‘o*6**(l
90
il*834
i
118 V 120
j
'
i
i
01
55
1
57
!
1
73
\
82
1
Miami. it St. Jos.—8s,conv.
1110 V
Bun.—(. J).,OS
Keok. <t Des M.—1st, 5s
Central of N.J.—1st, 1890
lstconsol. assented, 1899
Conv., assented, 7s, 1902
Am. D’kA Imp.—58,1921
36
Chic. Mil. & St, Paul—
130
1st, 8s, IV I)..
2d, 7 3-10, P.D., 1898... 119 V 122
1st, 7s, $g.. R.D., 1902. *126 V
1st, LaC. Div., 7s, 189:). 117 V 120
1st, I. * M., 7s, 1897 ...I 119 G 120
1st, I. it D., 7s, 1899....j *118
74
108V
88 } 90 V
51V!
--
....
>
I
Roch.it
....
Miss.R.Br’ge—1st. s.f.6s
(
C.B.& Q.—Consoles, 1903; 131 . -132
6s. sinking fund. 1901..
:
6s, debentures, 1913
I
97 V1 973a
la. Div.—S. fd.. 5s, 1919 105 |
Sinklngfund. 4s, 1919 *
| 93 V
Denver Div.—4s, 1922..
*90 V
Plain 4s, 1921
!
!
Ev.
C.R.I.& P.—6s, cp., 1917.! .127 >130
‘105
|
2d, guar., 7s, 1898 ...J
Pitts. B.ct B.—1 st. (is, 1911'
,'Roine W.it Og.—1st,7s,’91,
;
Con., 1 st, ext., 5s, 1922.
Central—6s, 1887...' 106
j
| Deb. certs., ext’d 5s
*10234 103V
2d. income, 7s, 1894
1
N.Y. C.it H.—1st, cp., 7s 132
133 V
Bellev.it So. Ill.—1st, 83!
! 83
181 V
1st, reg., 1903
St.P.Minn.it Man.—1st,7s
125
Deb. 5s. 1904
!
| 102 V.103 ,j 2d, (is, 1909
109
Registered
j --.—,
-1 Dakota Ext.-6s, 1910.. !
1102 V Hud.Riv.—'7s,2d, s.f.,’85; 164 |
'[ 1st, consol., 6s, 1933
110
j
Harlem—1st, 7s, coup... i 127 <
•; 1st. cons., 6s, reg., 1933. '
,
1st, 7s, reg., 1900
;*127 !
-j Min’s Un.—1st, 6s, 1922
N.Y. Elov’d—1st, 7s, 1906 113V 121
St. P. it Dul.-lst.5s, 1931 i
119 j :N.Y.P.it
So. Car. R’y—1st, 6s, 1920 !
O.—Pr.l’11,6s, '95:
!---jN.Y.C.it N.—Gen.,6s,1910! 32 V 35
Erie—1st, extended, 7s ...I 121
2d, extended, 5s, 1919 ..] 107
3d, extended, 4Vs, 1923 10L
4th, extended, 5s*, 1920. 104
5th, 7s, 1888
| 106
1st, cons., gold, 7s, 1920; H8
1st, cons., fd coup., 7s..,*l 14
Iieorg., 1st lien, bs^ 1908, --
1
iOV
:
Pitt.C.A. St.L.—1st, c.,7s
,119
1M ‘.it st. F..—1st, reg.,7s
1
2d, 7n. 191.3
Pitts. Ft.W.& Chic.—1st 138 V
136 i
2d. 7s, 1912
3d, 7s. 1912
|12«V
Clev.it Pitts.—Cons.8.fd. 124V
*108 V
4th, s. fd. ,6s,1892
St.L. V.it T.II.—1st,g.,7s *
119
j.
.
!
••••••
Bid. JAsk,
Penn. RR.—Continued—
109
109 V
93 V
94
I
...
1st, cons., 5s, 1930
Divisional 5s, 1930
8
112
112
110
SECURITIES.
83
i
N.Y.&M.B’h—lst,7s.’97j
......
:
District of Columbia—
3-65s, 1924
Registered
Funding 5s, 1899
BONDS.
_.
7s.! 119
St. L. Jack. & Chic.—1st
120
122
41
46
38
38
50
39
55
4
Virginia—6s, old
6s, new, 1866
Ask.
115 V
Ask.
C’mp’mise,3-4-5-08,1912
O
Ask.
;i36
114
Bid.
6s, consol, bonds
6s, ex-matnred coupon
6s, consol., 2d series
6s, deferred
|| 2d, 6s, 1899
|
jjMex. Cent.—1st, 7s, 1911.
124 I: Mich.Cent.—
1st, consol., guar., 7s..
124
li
Cons.7s,
1902;
------j
N.Y. Lack.it W.—1st,
w.—1st, 6s 110*8 120
Consol. 5s, 1902
103 V
7934 j
Construction, 5s, 1923!
1923
,
9734
6s, 1909
1
------j;Del.& Hud. Canal—1st, 7s *113 j
! Coupon, 5s, 1931
•
;
I617s j 1st. ext., 7s, 1891
!
| 113 I
Registered, 5s, 1931
ilOOH
I
!l Coupon, 7s, 1894
1 117V1 Jack.Lan.ifcSag.—6s,’91.!
Registered, 7s, 1894
1*117
Dlilw. it No.—let, 6s, 1910,
120
1st, Pa.Div.,cp.,7s, 1917 130 '131
1st, (is, 1884-1913
I
|
1st, Pa. Div., reg., 1917.1
131
Dfil.L.S.itW —1st, (is, 1921 100-4 100 v
Alb. it Susq.—1st, 7s ...! ilOV
' Dlimi.it St.L.—1st,7s’1927, 115 V
110 V
91 ....
2d, 7s. 1885....:
i 103*4 1^3 V
Iowa Ext.—1st, 7s, 1909 168 J
lst.cous., guar.7s.1906;
i
! 2d, 7s, 1891
*100 j
|
;
Registered
i
S’thw.Ext.—1st, 7s,1910 112 V 113
*
98
98
112 V
1st, cons., gu„ 6s, 1906
j Pac. Ext.—1st, 6s, 1921.; 102 V 103 V
*733*2 75 I
Registered
'Mo.E.it T.—Gen’l,63,1920i
\ -;
;
69 j 71
Rens. it Sar —1st, ct>.,7s 130 *2
1
General, 5s, 1920........i 55 V 55^
101
1st, reg., 7s, 1921
i
"130 V
Cons. 7s, 1904-5-6....... 1 104 «d 105
Denv.itRio Gr.—1st, 1900;
Cons. 2d, income, 1911. J
’....
1st, consol., 7s, 1910....I 45
II. it Cent. Mo.—1st, ’90! i'o*3v ^".1
:
Den.So.Pk.it Pac.—1st, 7s
Mobile it Ohio—New 6s.. 160
!.:
;
I>cn.it RioG.West.—1 st,(is
38 V'
j Collater’l trust, 6s, 1892:
'113
Det.Mack.A Marq.—1st, Os
1st, Extension, 6s, 1927!
104 ;105 i Land grant, 3 Vs, S.A... j
; Morgan’s La.it T.—1st, 6s
!
7632 77
E.T. Va.it Ga.—1st,7s,1900: 112
I
Nash.Chat.it St.L.—1st,7s 118V 120
26Ja 28 3a
49
Sinking fund, 6s, 1903..
Riv.—1st,
2d, 7s, 1900
3
82 V
106 V
108
...
Ponds, 7s, 1900
7s of 1871,1901
Ches.O.itS.W.—M. 5-6s...! Chicago & Alton—1st, 7s. I 1-1
La. A Mo.
4
4
85
O
Ohio—6s, 1886
Bid.
2d, 7s, 1891
SECURITIES.
Tennessee—Continued—
6s, new series, 1914
South Carolina—
SECURITIES.
Del. L. & W.—Coutin’d—
Morris & Essex—1st, 7s
Ask.
18
6s, 1919
RAILROAD
SECURITIES.
Bid.
N. Carolina—Continued—
New bonds, J.&J., ’92-8
Special tax, all classes..
Do
Wil.C.&Ru.R.
Consol. 4s, 1910
Ex-matured coupon
i
DECEMBER 13, ISS1.
BONDS.
i
SECURITIES.
677
08
1
j**7*6'
..
*
j
70*
"Wabash—Mort. 7 s, 19091
Tol. it W.—1st, ext., 7s lt>4
|
1st, St. L. Div., 7s, ’89! 9ti V iob
96
2d, ext.. 7s, 1893
j 98
Eqmpm’tbds, 7s, ’83. *30
Consol, conv., 7s, 1907
i 8*1*
Gt.West’n—1 st, 7s, ’88 103 V
96
97
2d, 7s, 1803
j
80
Q.ife Tol.—1st, 7s, 1890;
lian.it Naples—1st, 7si
<
2d, Waco it No.,
88,1915!
;
Tr., 6s, 1920 *52 1 60
1st, Min’l Div., 6s, 1921
1
121V 123 ij General, 6s, 1921:
i"
1
Olio So.—1st, (is,1921
81V
81
'
1st, 7s, I.it I).Ext.,1908 12U '•*
*
16*2
Houst.E.itAV.Tex.—1st,7s
OregTnt
C^al.—18t.6s,1921
1
10
1st, S.W. l)iv., (is, 1909.
2d, 6s, 1913
Or.ifeTraiiscT—6s,’82-1922, "68" i’ 69"
1st, 5s, LaC.it Daw, 1919 *96
Ill. (Jem—Spd.Div.-Cp.Os +H7
68 V> 70 ! :
Oregon Imp. Co.—1st, (is.
lst,S.Mhin.Div.,6s,1910 109 V ill* | Middle
108
Div.—Reg.,
110
5s...
Oreg’n
RR.it Nav.—1st,6s 109
,
IU.it So. Ia,—lst,cx.,(isi
1st, H. it D., 7s, 1910... *119 121 [ C.St.L.it N.O.—Ten.1.,7s
Debenuires, Is, 1884...I 99
St.L. li.C.it N.— lt.e.,7s; ibb" i«3"
Chic.it Pac.Diw.Os.lDlO, 114
^102
;
!
120 V i‘ii” Panama—S.f., sub. 6s, 1910
1st, consol., 7s, 1897
Omaha l)iv.—1st, 7s, 100
lst.Chic.it P.W.,5.8,1921
9634 97 J4 '
2d, (is, 1907
Peoria Dec. & Ev.—1st. (5s! *99''l""";
Clar’ila Br.—6s, 1919, ★
90
Min’l Pt. Div., 5s, 1910. *96
98
; I
loo”
ibov
Gold,
1951
5s,
94 V1
Evans. Div.—1 st, 6s, 1920
St.Chas. Rge.— 1 st, (5s;
85
C.ifr L.Sup.Div., 5s, 192l|
96 V
116V
Dub.
it
S.
C.—2d
Peoria
7s
it
Pek.U’n—
Div.,
10IV
No. Missouri—1st, 7s.; nov 111
1st, 6s:
Wls.it DIin.Diw.5s.1921
36 V !
Ced. F. it Minn.—1st, 7s
118
Pacific
Railroads—
Terminal 5s, 1914
.West.Un.Tel.—1900, coup. 107
Mud. Bl.itW.—1st pref.,7s! lir>
Central Pac.—G., 6s
j 112v i is i 1900, reg
Chic. & Northwest.—
J IOGS4
1st,
74
102 V 105 | N.W.
j!
4-5-68,
1909
!
San
Joaquin
Sink, fund, 7s, 1885
Br.—6s..j
Telegraph—7s, 1904
104
-i| 2d, 4-5-68, 1909
1
-r'^
98 V 100
Cal.
&
M
u
t.
Oregon—1st,
6s
U
n
.Tel.—S.f
Consol, bonds, 7s, 1915. 133
d, 6s, 1911' *6*7 V 69
136 V
~
Eastern
Div., 6s, 1921...
99
Cal. it Or.—Si r. R,
|
Spring Val. W.W.—1st,6s
Extension bonds, 7s, ’85 193 V
6s.J
107
j
100
*104
Land
Indianap.D.itSpr.—1st,7s
V 102
grant bonds, 6s.'
1st, 7s, 1885
104
|105 |
2d, 5s, 1911...
"West. Pac.—Bonds, 6a! 100V110
INCOME BONDS.
Coupon, gold, 7s, 1902.. 124 126 jlnt.itGt.No.—1st, 6s, gold
i'07
108
No.R'way
(Cal.)—1st,
6sj 96 110 (Interest payable if earned.)
Reglst’d, gold, 7s, 1902. 124
76
couiion, bs, 1PU9
So. Pac. of Cal.
lst,6sj
Alleg’nyCent.—Inc., 1912
Sinking fund, 6s, 1929.. 110V>
K ent’ky Cent.—M. 6s, 1911
So^Pac.of Ariz’a—1st, 6s;
;Atl. it Pac.—Inc., 1910... *1*6 V *1*7 V
Sink, fund, 6s, 1929, rog
j
stamped, 4 p. <•., 1911
So.Pac.of N.Mex.-lst,6sj
Sinking fund, 5s, 1929.. 102 V;
LSliore.-M.S.&N.I.,s.f.7s 1013j 11)2 V
Union Pacific— 1st. 6s ..: 113 V
Sink, fund, 5s, 1929, reg
Cleve. it Tol.—Sink’g fd. j 104 V
Land grants, 7s, ’87-89; 106 J
1STa 7a 1
Siuk’gfd. deb., os, 1933
!*1
95 Vi 95 V
:i Chic, it E. Ill.—Inc., 1907
Sinking funds, 8s, ’93.j 118V!
25 years deb. os, 1909..
93 V 94
Cleve. P. it Ash.—7s
114V 118
Reg 8s, 1893
1
....1117V DesDl.it Ft.D.—1st,inc.,6s
Registered
Buff. & Erie—New bds
118 I....
Collateral Trust, 6s...i' M03
105
Det. Mack, it DIarq.—Inc.
EscanabaA L.S.—1st,6s
Kal. it W. Pigeon—1st..
do
58.1907!
E.T. V.it Ga.—Inc.,us, 1931
*1*2* *12 V
DesM.it Min’ap.—1st,7s
Det.DI.it T.—1st, 7 s, 1906
ibt)'
111
v Elizab. C. it Nor.—2d. inc.
Kans.Pac.—1st, 6s, ’951
Iowa Midland—1st, 8s..
135
Lake Shore—Div. bonds' 120
I....
108
1st, 6s, 1896
!
16*‘
| Gr.BayW.it St.P.—2d,Inc.
Peninsula—1st, conv. 7s
1129
Consol., coup., 1st, 7s.
I)env.Div.6s,as’d, ’99!
Chic.it Mllw’kee—lst,7«l
jlnd. Bl. it W.—Inc., 1919
*125
124 V' 127
Consol.,
reg..
1st,
7s...
95*
1st,
consol.,
6s,
1919
!
*26""
Consol.,
1921...
Win.it St, P.—1st, 7s, ’87
inc., 6s.
Consol., coup., 2d, 7s.. 114 V116
Ind’sDec.it Spr’il—2d,inc.
C.Br.U.P.—F.c.,78, ’95
2d, 7s, 1907
114V
Consol., reg., 2d, <s
At.C.it P.—1 st,6s,1905
82
i
Trust Co. certificates
Mil.it Mad—1st,6s, 1905
1
120 1
Long Is). RR.—1st, 7s, ’98 118
At. J. Co.it W.—1st, 6.81
Leh. it Wilkesb. Coal—’88
Ott, C.F.it St.P.—lst,5s
99V 100
lu2
1st, consol., 5s, 1931
I Lake E.ct W.—Inc.,7s, ’99!
Oreg. Short L.—1st, 6s| 87 V
15
22
C.C.C.& I ml’s—1 st,7s,s.fd. *
121V Louis. West.—1st, 6s
98
!
7s,
1909;
j
......
Ut.So.—Gen.,
Sand’ky Div.—Inc.,19201
Consol. 7s, 1914
Louisv. it N.—Consol., 7s. *H4
93
!
Laf.Bl.it
1st,
7s,
1909.
Exten.,
Mum—I
Consol, sink, fd., 7s,1914!
nc.,78,’99
Cecilian Br’ch—'7s, 1907
Mo. Pac.—1st, cons., 6s J
87
88 V
95 V> Dlil. L. Sli.it W.—Incomes
70
80
General consol., 6s, 19341*100
102
79 !
101
N.O.itMob.-Ist,03,1930!
105 ! jDIob.it O.—lst,prf., deben.
3d, 7s, 1906
*55
Chic.St.P.Min.it Oiui
2d,
of
105
6s,
1930
j
Pac.
Vi 105 V | 2d, pref., debentures
Mo.—1st, 6s...
30
Consol, (is, 1930
! 109V110
E.H.&N.—lsi,6s, 1919; *95
110 IllOV ’ 3d, pref., debentures
2d, 7s. 1891
C.St.PitM.—1 st,6s, 1918' 115 V!
80
General,
tis,
1930
!
StL.it
100V
Os,
Cl.A
S.F.—2d,
No. Wis.—1st. Oh, 1930.1*110 i
j! 4th. pref., debentures
!
Pensacola Div.—6s,1920l
j;
3-fis, Class C, 1906
987(j 100 1 iN.Y.Lako E.itW.—Inc.Os
8t.P.it S.C.—1st ,(is,1919 115 V
St. L. Div.—1st, 6s, 1921
99Vl 99V N.Y.P.itO.—lst,inc.ac.,7s
3-6s, Class B, 1906
Chic.it E.I11.—lst,s.f.,cur. 103 ! 105
2d, 3s, 1980
1st, 6s, Pierce C. it O.
5
I
Ohio Cent.—Income, 1926 **434
Chic.St.L.it P.—1st,con.5s
Nashv.it Dec.—1st. 7s.
i. Dfin’l Div.—Inc.,7s,1921
Equipment, 7s, 1895.. 101
Chic. & At).-1st, 6s, 1920
S.& N.Ala.—S.f.,6s, 1910
*95
IlOO
Gen’lmort.,
6s,
1931..
1,Ohio So.—2d inc., 6s, 1921
21
24
2d, 6s, 1923..
Louisv. C.it L.—6s, 1931
j.
So. Pac. of Mo.—1st,(is 101VI106
Ogdens, it L.C.—Inc., 192(i
Chic.itW.Ind.—1st, s.f., 6s
Trust bonds, 6s, 1922...
(9
’8V
Tex.it Pac.—1st, 6s,1905 102Vj
*15
j
PeoriaD.itEv.—Inc., 1920
Gen’l mort., 6s, 1932... J 100 !
10 40
Consol., 6s. 1905
Col.it Green.—1st, 6s, 19161 vsov:.... 1 L. Erie Ahjmt. 6s, 1924
*76V; 79 .i, Evausv.Div.—Inc., 192b
it W.—1 st. 6s, 1919
81*4
37 Vi 38’-j Peoria it Pek.Un.—Inc., 6s
Income it Id. gr., reg..
j
2d, 6s, 1926
"9
Sandusky Div.—6s, 1919
i;
53V
Col H Val. it
RioG.,Os,Aug.ep.on..
Roch.it Pittsb.—Inc., 1921
*45* "bo""
Tol.—1st, 5° ’b’5’1‘67' j Laf.Bl.it M.—1st, 6s, 1919
ii
!l
do exAug.coup.
51
Rome W. & Og.—Inc., 7s
Bel. L.dr W.—7s,
34
37
|
conv.,’92
>1
Louisv.N.Alb.&C.—1st,6s
Pennsylvania
RR.—
i;
45
Ho.Car.Rj*.—Inc., 6s, 193J
Mortgairo 7s, 1907
*129 V 132 .!
General mort.,6s, 1914.
l’a.Co.’s guar.i Vs.lst.cp
98 V' 99
St.L.itl.Dlt.—lst,7s,pr.l.a
N.Y.—1st,7s 122
Lou. N. O. it Tex.—1st. 5s
87 V1 89
Pa. Co.'s Reg., 1921....
9 7M.1 99
St. L.A.it T. H.— Uiv. bds
;*ii**l
*No pi ices Friday; theso are latest
quotations made this week.
126
....
.
..
...
-
..
^
t
......
.
.
|
----
..
,
•
,
,
.
‘
.
•
...
..
*
...
.
,
—.
•
r
..
.
KL.CRk&Ft
[VOL. XXXIX,
THE CHRONICLE
678
RAILROAD
EARNINOS.
Latest Earnings
Reported.
Boadt.
Wee/cor
Mv\
New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
Jan. 1 to Latest Date.
1884.
1883.
1884.
*
$
$
week
ending December 6:
Average Amount of—
1883.
Banks.
$
962.334
Loans and
Discounts.
108 818! 1,007.761
Ala.Gt.Southern November.! 122 914
Atoll. T.& S.Fe. October... 1,742,060 1,549,831 13,594,879 13,060,427
Atlantic
Pac.October...!
Bost. H. T. & NV.iltbwk Nov
Bur.Ced.R.&No. 4thwkNov
Canadian Pacific j 1 st wk Dec
150,000
9,878
78,019
130.000
-
9,759
89.972
9 4,00(
411,020
2,508,00s
312.667
2,585,565
7,859,000
7.093,000
7,S 10,000
4,488,600
Lake Erie
'
W..'September
140,0,;0
70.928
42,01:
47,955
Smith! October...
L.Rk.M.Riv.tkT. October...
Long Island
jlstwk Dec
La. & Mo. River Tuly
Louisv.&Nashv. 1st wk Dec
Mar.Hough.it O.'4th wkNov
50,200
309,555
O.OOt
120,24:
Memph.& Chari. October...
6 8. tOO
wk Dec
1‘2,02(
Mex.Nat., NoD</!3d wk Nov
14,323
Southern Div. 3d wk No\
2,71:
Other lines e.. 3d wk Nov
12,g9(
Milwaukee & Nojlth wkNo\
2i ,65(
Mil. L.Sli.&West. 1st wk Dec
171.7H
Minn.& St.Loui.' October...
255,< O
Mobile & Ohio
November.
Mo.Pac (Sc I M.) Septembei 1,537,04*
148,374
03,022
49,VI-
..
203,737
Nash. Ch.<fc St.D. (ictober...
K.O.&Northeast
N.Y. & New Eng
N.Y.L.ErieAW.<7
N. Y. Pa. Sc O.
I,032.9
432,00
4*20*2*6*2
270,092
2,641,62(
311,193
m
~
m
m
m,
™
12,24*2
20; 89c
........
495,863
687.534
234,04
470.84S
439,038
1.036,734
L.004,030
1.497.02b
1.308.435
1,877.443
11,900,011
1,977.396
15 L.57<
280,042
994,438
20 :.32(
1,965.161
439,7 71
1,91* 3,23 V
N.Y.Out. A W.. October..
Norfolk Sc West November
99,05;
94,04:-
849,241
813,049
170,39(
170,340
261,030
2,449,53t
2.570,381
78,628
683,951
791,402
230,297 i
4S.124 i
November
October...
...
Ch.Col.& Aug.
ColumbiocfcGr.
Georgia Pac..
Va. Midland.
West. No. Car.
Roeh. & Pittsb’g
Rome Wat.& Og.
Bt.Johnsb.&L.C.
90,753
October...
October...
98.205
80,247
October..,
99.019
65,990
October..,
October...
107,590
41,513 1
170,167
1st wk Dec
September
September
jptemi
1
8fc.L.Alton&T.H. 4tth wkN
Do
(brebs.) 4thwk N.v
St. L. Ft. S. Sc W. November |
8t.L.&San Fran. 1st wk Dec !
Bt.Paul& Dul’tb 1st wk Dec
Bt.P.Min.& Man. November
South Carolina October...
Bo.Pac.CaL.N D. August...
Do So. Div. i. August
Do Arizona.tV August
23,532
184,786 !
31,080
25.153,
10,100
20.110
172.848
N. Mex.i. August
Texas & N. Orl’s. September i
02,994
(9,8135.05i3
.
.
Do
i
j
Tol. A. A. Sc N.M [October... !
41.524
98,700
30,189
878,255
157,351
153,009
282.884
130.045
30,705
24,570
42,501
44,006
30,048
3S .569
22,968
38,284
90,60(
19,047
84 5,514
146.294
140,640
344,90 4
207,124
65,188
107,074
62,909
27,763
19,211
Union Pacitio...'October... 2 601,740 2,918,058
Utah Central.
[October... 1 112.301 116,127
59,009
54,037
Vlcksb’rgA Mer. November
21.443
55,133
Yicksb.Sli.&Pac. November
370,8161
Wab. St. L. Sc P. lstwk Dee i 371,000
1
92.960
98,232
ev
31.184!
Wisconsin Cent’l13d wk X ov t
29,993
..
602,169
1,351,770; 1,420,703
312,121
362,658;
601,977
1.222,288
1,075,400
I,257,992
’207’,931
214,646
1.347,821
758.359
246.433
445,9671
4,367,501'• 3,580,192
1.236,409] 1,259,762
1,200,630
673,515
7,695,120
968.264! 1,073,2S0
9 i 9,896!
832,9 41
7.449,094
2.339.677! 2,775,514
1,2 L7,276 1,683,219
447.325 j
610,917:
320,251
531,976
830,465
413,404
886,323
160,983
193.403
1,153.672
1.266,165
1
,767,858
973.999
460.697
119,343
1.071.156
1,285.632
including Utah lines after July 1.
d Corpus Christi to Saltillo, 397 miles; up to May embraced only
236 miles, Laredo to Saltillo.
e Only 136 miles now. but prior
to May represented 297 miles.
g Not including earnings of New York
h Not including Central New Jersey in either
Penn. & Ohio road.
year prior to June 1.
i Included in Central Pacitic earnings above.
Embracing lines iu Missouri, Arkansas aud Texas.
*
Not
179,<00
4
47,400
587,000
358,000
878.100
335,000
2.605.800
1 949.000
27,600
278,000
341.200
1.476.500
108.800
7,043,900
3,768,400
23,000
128,100
4.878.700
1,584,000
292,500
592,000
209,300
**2,600,
29,200
4.776.700
3,515,500
1,655,900
391.700
234.600
289.20U
503.800
9,50*6
1.140.800
2.577.300
405.200
158.900
4-9,200
620.600
612.800
109,000
2
496,600
4,852,400
6.544.600
1,276,600
6 61,100
“u‘oo
249)600
2,037,100
17.265.900
805.800
466.200
218.300
425.800
343,30*6
11,740,000
1,263,000
2,638,400
2,209,200
450,000
4,081,000
657.400
882,yoO
569.900
197.200
150.200
843.900
890,800
854,000
423*6*00
45,000
5,400
3.159.200
8,780,000
306*6*66
2,693,000
333,400
3.120.600
2.485.300
2.490.600
2,051,100
2,901,000
3.776.200
5.609.800
1.856.300
23,061,500
20.715.900
265,666
4*46*6*66
4*46*, 6*66
'62,100
1,36*5**166
45,000
190,000
154.800
1,550,000
892,200
226*366
1.264,500
14,655,7 00
l,6S5.0b0
859.700
331,000
572,000
810.600
890.300
256,000
308,; 00
139.500
242.100
421,000
1.176.600
4,050,600
17,105,000
449.900
1,161,000
2,010,400
2,298.000
2.817.600
3.660.300
180,000
223,000
2,333,000
5.103.300
306.400
606,100
552.400
176,-00
160.200
2,318,600)
296,000
176,InO
38-',()00i
269.600
121,700!
985.700
235.6001
303.400
143.900
195.800
181.600
715.800
180,000
*45*,666
2.095,800
741.300
103,000
48,800
99,s;o
4.83S.000
300,000
297,000
45,000
45,000
8.487,000
292,000
2.192.600
2.291.200
3.372.200
1.701.600
9
L7.000
1,098.60'i
3.296.600
I8t,000
44,100
176,200
131,600
329,870,200 11,587,200
totals for several weeks past:
[ Specie.
Loans.
1884.
Deposits.
L. Tenders.
$
Circulation Agij.
Clear’gt
$
$
«£
-
$
555,711,509
288,539,700 94,370,500 37,347,400 325,^8 7,400 11.711,600 459,294.007
29 285,514,600 85,273,200 38,150,300 325.825,300 11,643.400
5s6,370,418
Dec. 6 288,044,^00 86,494,600; 38,270,400 329,8.0,200 11,587,200
X
22
v
“
Boston Banks.—Following are
1884.
j
DY.
668.966
867,000
980,600
2.789.300
3.274.700
2.379.700
1,658,100
1.905.200
2,910,000
1.467.300
995,200!
1.103.500
The following are
1,021,341
3,901,730
323,883
516,763
544.900
263.900
108.000
251.600
213.500
288,044,800 86,494,600 38,270,400
Total
N’v 22i
607,87
868.513
441,867
2 36,116;
United States
Lincoln
G artield
i...
Fifth National
B’k of the Metrop..
9,292.866
131,310
115,593
Oregon Sc Cal... October..
289.821 r 382.242 2.504,893 2.973,368
Oregon Imp. Co. September
Pennsylvania... October... 4,447,547 4.S75.34S L0,846,646 42,769.255
17.554 !
701,854
20.304
658.305
Peoria Dec. AEv. 4th wkNov
Phlla. Sc Erie
October...!! 391.027 ! 432,439 3,052,733 3,474.87*5
Phila.A Read’gA October... .2,940.541 3.531.436 21,993,975 24,347.640
Do
C. Sc Iron October... 1.729,023 1.873,592 13,740,57 4 14,212,145
429,83 4 3,135,733 3,146,808
429,179
Bichm’d&Dauv. October...
.
Geriyania
5,142,885
590,748 4.604,804
519,795
1,115,191 l,270,02z 11,853,38;
18.862 1,040,82^
23,503 !
1st wk Dec
81,980; 102,520 3,487,207
lstwkNo\
48,333 1
82,6c 0
November
421,886
November
N. Y. County
G< rman-Aiiieric’n.
Chase National...
Fifth Avenue
German Exch’nge.
1.577.800
18,868,300
2,527,100
3.531.700
1.711.300
954.500
725.900
1,254,000
3,096,000
6.305.600
1,044,200
1.629.500
655,000
1.949.500
1.946,800
Bowery
2.140.800
138.400
251.900
264,000
93,400
281.700
329.300
...
119,987
39,3n2
November
91,124
2.757.14(
30 >.99:
305,8 1 i
3,101,743
October..
September 1,732,731 2,129,044 12,396,411 15.269,335
5 46,52f i 711,897
4,154,892 5,107,253
Septembei
N.Y.8usq.&West October..
ShenandoahV
NorthernCentr’l
Northern Pacitic
Ohio Central—
Ohio & Miss
Ohio Southern
_______
1,613,000
197.900
...
1,106,30
2,727.59c
Mexican Cent. ..list
9,009,900
349.600
1.120.900
6,525,4 00
..
2,595.012
45,760
353.512
364,75s
52,10'
290.705 12,664,582 13,188.029
879.899
15,598
801,280
139,153
340.700
1,029,300
tion.
$
11,037.000
9,583,000
8,009,700
8,078,000
4,106,000
11,957.500
2,360,000
15,196,000
539,000
1.148.800
1,141,000
288,200
1,309,200
305,000
CircxUa•
$
$
430.000
...
Net Deposits
other
than U. S.
1,540,000
2,667,000
3,365,000
1.889.900
2,040,000
1,072,300
4.147.700
9,787,000
....
Tenders.
S
$
New York
Manhattan Co
Merchants’
Mechanics’
Union
America
Phenix
Legal
Specie.
5,553,720 5,054.688
30,122 1,306.454 1.188,866
Central Iowa ...|4tli wkNov
26,684
10.198,500
Central Pacific.. November. 1,797,00c 2,104,639 20,529,496 22,875,962
2,605,000
3,600,408
Claesap. & Ohio. November.
288,325 345 306 3,241,940
6,862,000
694,162
661,573 City
53.051
Ellz.Lex.&B.S.' November.1
68,347
2,‘. 69,000
Tradesmen’s
Ches. O. <t 8.W..|November.j
140,522 132,812 1,237,896 1,196,244 Fulton
1,011,000
Chicago & Alton 1st wk Dec
179,839 192,138 8,161,005 8,253.528 Chemical
14,621.300
& Q. October... 2,683.597 2,742,480 21,189,422 21,376,677
Chic. Burl. &
2,526,100
Merchants’ Exch.
33,031 1,459,518 1,549,558
40,200
Chlc.& East. Ill. 1st \vk Dec
4.883.700
Gallatin National..
22,023,754
21,788,000
1.689.700
Chic. Mil. &St.P. 1st wk Dec! 536,000
Butchers’it Drov..
4 89,700
731.000
485.900 D,932,7 00 23,749,407
st wk Dee
Mechanics’ & Tr...
Chic. & Northw.
864.100
12 1,000
109,300 5,446.498 5,194,403 Greenwich
Ch.St.P.Min.&O j 1st wk Dec
2.868.500
25.8 45
1,375,129 1,430,805 Leather Manuf’rs.
29,540
Chic. & W. Mich. 1th wkNov
972,900
56.2 14
£ 9,034
2.223,723 2,305,429 Seventh Ward....
Cin.Ind.8t.L.&C. |4th w kNov
2.541.700
22 5,268
134,425 2,362,710 2,361,508 State of N. Y
Cln. N. O. <fc T. P.INovember
13,051.000
1,531,698 1,687,788 Americ’n Excli’ge
30,289
30,394
Cln.Wa8b.&Balt.‘2d wk Nov
17,082,300
Commerce
490.047
443,601
wkNov
4tli
10,100
12,315
Cle v. Akron &co
5,457,000
Broadway
3-8.024
3,613,056
3
50
3,113,147
October...
J.
9
6
6.230.500
Cley.Col.C.& Ind
Mercantile
29,174
32,782
2,065,300
Conuotton Val.. September
Pacific
157.316
158,586
4.360.800
10,725
21,690
Republic
Danbury & Nor. September
3,300,200
6,447,857
Chatham
119,999 5,613,281
109,190
Denver & Rio Gr 1st wk Dec
1.370.800
Peoples’
29,717
Denv. & R. G. W. lstwk Dec
3,046,200
3*61*9*38 North America
8.379
316,093
8,8*90
Dee Mo. Sc Ft. D. 3d wk Nov
7.916.800
Hanover
19.054
25,031 1,259,267 1,5(3,574
Det.Lans’g&No. 1st wk Dee
2,514,000
Irving
820,915 1,007,481
17,902
20.230
Dub.ASiouxCity 4th wkNov
Metropolitan
323.097
339,178 3,020.977 3,079,967 Citizens’
Eastern
October...
2.381.400
412,289
455,593 3.236.639 3,359,665
2.272.300
B.Tenn.Va.&Ga. October
Nassau
10.789
670,440 Market
17.372
693,905
2.768.700
Evansv. <fe T. H. 4th wkNov
71.352 2,078,<03 2,353,242
2.116.400
42,528
St. Nicholas
Flint & P. Marn. 4tli wkNov
821,013 Shoe* Leather..
2,749.000
26.801
851,305
23,124
Flor.R’way & N. 3d wk Nov
356.469
4.809.100
Corn Exchange
35.5-9
432,734
44,214
Ft. Worth & Den. November
3.904.200
Continental
397.319 1,985.039 2,562,007
200,231
Gal.IIar.A S.Au. Sept* mbcr
1.919.100
Oriental
400,744 15,657,59c 17.669,770
334,091
Grand Trunk... \VK Nov.‘.9
16.645.600
rmporters’ifc Trad.!
374,495
297,420
8,018
15,763
Gr.BayW.&St.P. 4tb wkNov
16.470.600
Pas k
'
1,691,892
207,843
263,430 1.461,29c
Gulf Col. &SanFe October...
1,636,000
North River
266,337
37,428'
23,830
218,316
Hous.E.&W.Tex October...
1,069,600
East River
200.041
9.318,240 10,018,060 Fourth National.. 12.373,500
270,200
HI.Cent. (Ill.)... 4th wkNov
6,750.000
33,200
39,063 1,550,91c 1,866,356 Central National..
Do
(Towa) 4th wkNov
1,945,000
Second National..
51,171 2,446.020 2,724,720
52,240
Ind. Bloom. Si W. ;4tliwk Nov
4.104.700
Ninth National...
49,007
40,405 2,123,<16 1,742,731
Ft.S.& Gulf !3d wk Nov
15,521,800
First National....
23.0 47
1,024,454
Kan. C. Sp. <fc M.!3d wk Nov
4.538.200
785,420 Third National
849,675
73,251
70,203
Kentucky Cent’l November
1.250.700
N. 5*. Nat. Exch..
.
the
the
“
j
Loans,
the totals of the Boston banks:
L, Tenders.
Specie.,
$
1
$
143,129,000) 7,259,100
Deposits
7,163,300
6,841,400
$
99,106, S()b 23,435,500
98,711,900 23.137,800
99,889,200 23,020,8 JO
Philadelphia Banks.—The totals of the
are as
Clear'gt
$
$
$
6,517,200
29:143,3 r>2,600! 7,326,800
6i 144,453,200: 7,456,000
Circulation A ijq.
67,080,531
54,078,492
74,428.562
Philadelphia banks
follows:
1884.
Loans
Lawful Money.
$
$
Deposits.*
Circulation. Uj70.
Clear'gt
■
73,041,072
72,602,524
73,004,417
Nov. 22
“
29
Dec.
6
*
Including the item
Unlisted
week past:
$
$
7,919,241
7,921,455
7,902,593
46,180.735
.
70,161,659
71,261,577
22.711,752
23,849,500
23,363,299
70.562,385
35,363,249
52.146,792
“due to other banks.”
Securities.—Following are latest quotations for a
_
Securities.
Bid.
Am. Bank Note Co
Atlantic it Pac.—Stock....
West. Div
1st mort
Incomes
Cent. Div., 1st., new
Accumul. land grant —
18
Gen. mort..
Bost. II. it E.—New stock
Old
Bost. H.T.ifc West.—St’ck
Debentures
Trust bonds, 6s
Cent, of N. J.—Debent
Continental Const.Imp.Co
Denv.it Rio Grande—Con53
Deuv.it Rio Gr. W
Den. It. G. & W., 1-t M.,
Guar, bv D. it R. G..,..
Edison Electric Light —
Georgia Pac.—s>tock
1st mort., Cs
2d mort
Louise, it N.—Adj.
Mexican National
......
7
Pref
1st mort
Mut.Un.—St’ck trust ctfs
Mo. Pacific—Old stock—
M. K.itT.—Income scrip ..
N. Y. M. Uu. Tel.—Stock.
N. Y. W. Sh. & B.—Stock.
1
7
95
2
3
1st mort
55
.
Pittsburg A Western
% 1 1st mort
.....
......
Telegraph—Stock.
1st mort., 6s
Postal
......
6:*8 ;
52 V Postal Tel.it
49
60
10
50
...
...
......
41V,
22
43
6
36
57 >2
37
65
8
31
90
...
40
6
66
3
5
17?fl
10
37
....
Incomes
Pensacola & Atlantic
......
4
bonds
I
......
......
Keelv Motor
76
79
83*
jNew Jersey & N.Y.—Pref *1*5*
Ohio Cent.—Riv. Div., 1st
......
.....
_____
—
North. Pac.—Div. bonds..
North Riv. Cons.—100 p.c
8 l4
,
Bank.itMerch.Tel.—1st M
Bid. I Aik.
Securities.
Ask.
.
.
9^
18 *3
'20
40
50
4 H2
Cable—Stock
Southern Tel.—Stock
1st moit
State of Temi.—Set’m’t.3s
St. Joseph & Western —
St. Jo. it Pac., 1st mort.
2d moit
Kans. & Neb., 1st mort.
2d mort
Texas & Pac.—Scrip 1&84.
Old scrip
New scrip
Tex. it St. Louis—5
M. it A. Div., as p
M.<fe A. Div., 1 st mort..
6s, 1st mort., m Texas..
Gen.
30
83
‘3k
2V
25 ; 29
8
10
•-rl
IS1*) 19 *2
52 V
*15 *8
99
39 k
34
36
10
24
1st,Id.gr.it inc.asp.
Tex.itCol. Imp.—Kx-bd..
U. S. Electric Light
Vicksburg it Meridian...
Pref
1st iuort
2d mort
Incomes..
57^
15
December 13,
THE CHRONICLE
1884.]
investment
LIABILITIES.
Capital stock
Funded debt*
Unfunded debt
Intelligence.
last Saturday of every other month—viz.,
February, April,
June, August, October and December, and is furnished with-
15.341,030
Extra copies are sold to subscribers of the Chornicle at 50
cents each, and to others than subscribers at $1
per copy.
3,794,632
10,127,199
balance ** under the head
Total
New York Central & Hudson River Railroad.
(For the year ending Sept. 30, 1884.)
4,689 243
$89,428 300
50,497,233
12,803,404
$158,490,759 $100,241,975 $102,523,509
Balance from previous year..
Premiums on bends sold
Premiums on stock sold
Rental Sar. & Hud. Riv. RR..
REPORTS.
1883-4.
$89,428,300
49,997,233
See detailed statement below.
The above surplus “
made up as follows:
charge to all regular subscribers of the Chronicle.
ANNUAL
48,473.033
5,254.370
-Total liabilities.
*
1882-3.
$89.4:.'8,3no
Balance, surplus
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
eatfra
1881-2.
-
^
AND
ft a i I x v n it
679
Back tax
Interest
1881-82.
1882-83.
$14,752,005
1883-84.
$15,341,055
73),150
40,703
$10,127,199
$10,122,970
$10,274,070
1,590,000
147,471
..*.*.***.*
400,000
$16,742,063
capital, Ac
bonds accrued, but
on
on
of liabilities is
$
$174 793
$
not due at close of year
Old revenue claim
914 050
report of this company for the year ending Sept.
00,331
30, 1884, has just been issued. The figures are tabulated
Leaving
below at much length, in comparison with the
$10,742,005 $15,948,175 $15,294,289
corresponding Deficiency
1,401.009
2,490,883
figures for three previous years, and this makes the most com¬ Surplus
179,023
plete comparative exhibit of the New York Central's operations
Balances
and finances that is anywhere
$15,341,050 $10,127,198 $12,803,400
published. The details of
FI.OATINt; LIABILITIES SEPTEMBER 30.
operating expenses are not obtainable till the pamphlet report
is issued.
Comments on the report are made in the editorial
1882.
1883.
1884.
Pay-rolls & op. expenses imp’d $2,979,538
columns of the Chronicle.
$2,807,382
$1,757,835
Bite other railroads.
1.990 3-12
1,527.075
939,244
The statistics of traffic, earnings,
income, &c., are shown in Interest due and unpaid
8,14 1
8.254
*921,355
Dividends uupaid
the following tables:
51.789
40 530
51.523
The annual
1880-81.
Miles owned
Miles l’sed & control’d
749
244
Total operated...
993
v
1881-82.
749
244
993
1882-83.
749
244
993
1883-:
7-49
993
Operations—
1880-81.
1881-82.
1882-83.
1883-84.
Passengers carried..
8,900.249 10,308,979 10.740,925 11.057,939
Passenger mileage. ..373,708,980 432,243,282 429,385,501 387,829,880
Rate per pass. p.mile.
1-80 ets.
1*80 ets.
1*98 cts.
1-5)4 ets.
Freight (tons) moved. 11,591,379 11,330,393 10,892,440 10,212.418
Fr'ght(tons) mileage 2040814098 2394799310 2200896780 1970087115
Av. rate p. tonp. mile.
0 78 cts.
0*73 cts.
0 91 cts.
0*83 cts.
Exclusive of company’s
Earnings—
Passenger
Freight
Car service
Mail and telegraph..
Total
freight.
$
*
0,958,038
20.730,749
7 810,519
1,009,830
17,072,252
1,007.1 14
017,908
093,911
earnings... 29,322,531
9
8,520,84 3
20,142,433
951(5.331
098,384
27,249,790
30,303,991
3,434,085
4,273,023
3,100,012
3,000,704
4,052.930
*,8*5),457
1,074,504
1,192,517
Total (incl. taxes).. 19,404,780
Net earnings*
9,857,745
P.c.of op.exp.toearn’s
00-17
19.395 97 1
Operating
Miscellaneous
*
$
7,533,213
10,434,
1,009,278
G9S.5H6
25,070,420
expcnscs-
Mamten’c of way, &e.
Maint’ce of equipm’t.
Transp’tiou exp’uses.
Car service
Net earnings
Rentals and interest.
Use of road
Other receipts
1,552,125)
200,040
1,207,05)5
Total income
12,883,009
Disbursements—
Rentals paid
1,920,513
Interest on debt
2,849,591
Taxes on earn’gs and
capital stock
214,078
Dividends (8 per et ).
7.138,343
Total disbursem’ts.
Ba’ance, surplus
“
deficit
12,129,125
754,484
03 32
3 8*2-83.
1**3 81.
$
9,013,397
$
7.827.107
1.73!),.*99
313,052
09-51
7,853,822
1,578,434
25)1,424
1,509,12s
1,757,210
300,5)15
1,342,000
*119.25)0
11.232,808
13,020,128
1.937,528
1.5)37,528
1.5)18.028
3,250,101
3,432,308
3,380,082
301,274
7,145,513
323,130
7,148,131
302,485
7,155),044
12,034,410
12,811,103
12,75)0,239
10,299,354
179,025
1,401,008
2,490,885
ASSETS.
1881-2.
1882 3.
1883 4.
Cost of road and equipment...$' 112,750 5)30
$114,731,917 $114,801,239
Certs, on eonsolidat’n in 1809.
31,157,904
31,157,904
31,157,5)04
Other properties owned—
Hudson River bridges
1,845,770
1,914,957
1,982,613
Dunkirk Allegheny Vul ey &
<fc
Lyons RR
Advances
on
Company’s
Harlemconstr'n.
own stock held
Stocks in other roads—
Troy Union
Buffalo ’Cross-town
Merchants’ Dispatch
Pittsburg & Lake Erie
N. Y. Cent. <fc
Niagara River.
Stock and bonds Syracuse
Geneva & Corning
Air-brake Co.
Westinghousc
Mortis Run Coal <fc Man. Co.
Bonds Lamoille Co. extend.
Fuel and supplies on hand....
Cash
on
Station balances..
balances
and other
United states
Harlem equipment
Sundry
open accounts
Total
assets
2,920,021
331,890
331,890
1,073,500
1,073,500
303,125
1*4,200
317.993
2,920 021
331,85)0
1,073,500
0,726
15,000
12,085
1.317,475
15,000
1 2,085
1,801 375
100 0( 0
110,000
28,100
28,100
28,100
373,010
18,750
589,712
184,010
18.750
181,010
5)00,000
15.000
12.085
1,801,375
110.000
3 8,750
900,000
110.000
175 000
1,013,9*0
1,824.569
370,374
874,820
1,383.362
1.491,220
1,098,420
1,141,915
298,740
090,413
186,298
404,394
32,805
2,252.749
295),712
2.096,135
hand
Connecting railroads
2,920,021
710,731
404.394
33,269
404,35)4
33,804
$158,490,759 $100,241,975 $102,523,569
$4,089,242
$3,794,032
10.
There
year.
in
No.
Rich¬
were
George I. Seney and George S. Scott.
The President's annual report was
presented at the meeting*
but copies are not yet ready for
distribution, and the figures
below have been compiled from the Chronicle from the
presented in comparison with previous
been
The balance sheet for three years, in detail,
is as follows:
Geneva
Plant,
1,541,107
7,827.107
$5,254,370
represented 37,04(1
shares of stock out of the whole 50,000 shares.
A resolution
was adopted
increasing the number of directors from eight to
twelve. These were elected as follows : George F.
Baker, C. S.
Brice, Joseph Bryan, AY. P. Clyde, IT. C. Fahnestock, JohnH.
Inman, John McAnerney, J. G. Moore, AV. G. Oakman, H. B*
973,573
Decrease caused by transfer of $041,582 from sale of old
materials
to credit of expense account.
Real estate
mond, Ya., December
through its entire
17.845),313
15 355
109,3211
Richmond & Danville Railroad.
(For the year ending Sept. 30, 1884.)
The annual meeting of stockholders was held
dent's report says :
20,750.59 1
9 013.397
0114
88 355
211,040
$914,050 interest accrued, but not due at close of
was given in previous reports.
1,500,404
7,*53,822
3.5=*5
215,002
corresponding item
1,4.60,701
*
Pittsburg RR...'
Includes
10.1 82. SOI
1881-82.
$
51,857,745
*
as
INCOME ACCOUNT.
•8
real estate
4.2154.5)14
*,*30.173
See income account below for total income.
1880-81.
on
2 44
OPERATIONS AND FISCAL RESULTS.
*
Past-due bonds
Bondsaudmorts.
report
years.
The Presi¬
“ The track has been greatly improved
extent.
During the year iron rails have
replaced with 00-pound steel rails, renewing in the aggre¬
gate 101miles of track. Oil the Richmond York River
& Chesapeake Road about fifteen miles have been substan¬
tially repaired by the substitution of partly worn fish-bar rails
for the old chair rails in use on a
portion of that road.”
The expenditures charged to new
property for the year
were :
For construction, chiefly
part payment for new depot
lot in Richmond and the James River
bridge, $‘27,380; for equip¬
ment
under
trust
contracts of 1881-82, $170,311 ; total,
expenditures for betterments of Atlanta & Char¬
lotte Air Line, $237,741 : Richmond York River & Chesa-.
peake, $329—making total new property and betterment
account for the year, $441,832.
The report of the Auditor exhibits the indebtedness of the
company as follows : Consol bonds, $1,231,100 ; general mort¬
gage bonds, $4,018,000 ; debenture bonds, with matured inter¬
est on the latter, $357,310—$4,326,310; bills
payable, $791,263.”
Accounting for the decrease in the traffic of the past year
by the falling off of at least one-third of the cotton crop, and
by the general depression of business, President Buford says •
During the two months elapsed since the close of the fiscal
3'ear now reported, the improved movement of traffic indicates
a healthy and substantial re-action from the
inactivity which
prevailed during the preceding period of the year. The asso¬
ciated lines of the Richmond & Danville system,
having gone
through the year successfully and received meanwhile mate¬
rial improvements, are making
fair advances in value,
resources
and effectiveness as parts of the
system. The
Georgia Pacific Road is rapidly developing a traffic beyond
any conservative expectations heretofore entertained.
Its
future as a valuable
and
successful
property is as-,
car
$203,098:
“
sured. The construction of
Road has been finished to
the AVestern North Carolina
the full completion of all
engagements in connection with that property. A large
portion of the old division of the road has been thoroughly
and permanently repaired with steel rail track and other bet¬
terments.
The "traffic of those districts opened
up
construction gives encouraging indications of
by the
new
continued
increase, and t he whole territory thus newly developed presents
an inviting field to
capitalists and new settlers seeking invest¬
ment, or employment in agriculture, mines or manufacture.”
General Manager A. L. Rives, in his
report, says : “ In view
of the fact that several of the largest railroad
systems in the
Southern States are contemplating a change of
gauge from
five feet to four feet nine inches, preparations have beea made
and are making which will enable us to take similar action
with the maximum economy at the proper time. I am satis¬
fied that such change, when accomplished, will result in
ai\
increase of business and reduction of expenses.”
Earnings and expenses for two years were as follows :
,
Gross
1882-83
.
cam's. Expen's.
Ricli. AD^n. and Pied.. ..$1,554,041
249,826
Rich. York Hiv. A Ches.
860,110
North Carolina
67,793
Northwest. N. C
1,074,015
Atl. & Char. Air-Line
..
1883 81
Gross cam's.
$745,499 $1,575,571
151,280
239,727
61 (>,572
866,626
28,6.59
676,843
..
$3,805,791 $2,218,853
—
Expen's
$7674 8
117,631
593,304
25,95 8
703,901
75,827
1,042,631
$3,800,382 $2,202,541
$1,586,937
$1,597,811
compared with 1822-83 the following changes are
earnings for the year 1882-83
Net earnings for the year 1883-84
Net
As
shown:
Earnings from general freights decreased.
Earnings from passengers, express and miscellaneous
Decrease in gross earnings over
Decrease in expense of operating
Increase in net earnings over
The ratio of
1880-81.
increased 74,011
16,313
Total
$10,903
58*3 per cent in 1882-83,
three years was
Pass, mail A exp. cars
Freight ears (8 wheels)
Allotlier ears (8 wli’ls)
briefly as
1881-2.
1882-3.
18S3-4.
$1,586,937
$1,597,841
in¬
notineluding in
$38,356, and in
1882-3
18*3-4 $4!*,0*9,received for
interest on Northwestern N\
*575,770
18,319
19,517
$1,873,803
$1,605,256
$1,617,3c®
1,47 8,530
1,492,700
1,317,929
2,378
Miscellaneous
all chgs.
From
From
From
From
From
$l,4-0,9( iS
$136,450
$1,492,700
$112,536
$1,317,9-9
Includes i remium on
The
$355,S76
285
102
217
106
217
2.011
75 Uj
1,886
74’-2
Total gross
earnings
3,091,273
3,403,078
$
$
403.909
140,778
...
$2,511,760
68,834
152,130
84,083
162,684
94,787
955,184
75,967
45)* 4 *6
241.*5) L
0*0.62*
•1 *6,466
15s, i:;>)
71* 5K)5)
$3,800,3:2
Railroad.
1884.)
diminution in the
gross, there is an increase in net earnings.
In view of the
stringency of the money market and the bad outlook at the
beginning of the year, every possible retrenchment in expenses
was
made. Improvements have been left undone which
might have been made with advantage to the future economy
of operating the road.
At least two more passenger ears, two
Wilmington & Weldon
(For the year ending Sept. 30,
The report says: “While this shows a
expenditure of $17,000 or $18,000 for
sleeping cars were needed. There are still 35 miles of iron rail
in the track, besides the Tarboro Branch, and it is submitted
whether it would not be good policy, while steel rails are
unusually low in price, to take all the old iron rails out of the
track. During tlie year the Tarboro Branch will need new
rails for repairs.”
an
EARNINGS AND EXPENSES.
Earnings from—
Passengers*."
Freight
Mail, express, Ac
earnings
Operating expenses and taxes
Total
Net
earnings
1S83-4.
1882-3.
$263,241
426,133
108,055
$271..61
412,993
$797,429
$788,014
601,549
493,o S3
$195,380
$294,631
103,5( 0
71.1 16
72.262
General
97,364
102,25)1
1*.5)93
25)7,026
Total.
1,969,670
2,292,5)0*
2,310. *30
2,307,586
1,124.603
1,110,1 1 o
1,273,676
1,264.008
<j*'3*
Cl -17
Net
earnings
63-65
exp.to earn.
Net earnings
JJisbursemmts—
Rentals paid
interest
Note paid
1
Iiccci])ts—
Net earnings
Oilier receipts
Total
Li bursenicnts—
Interest
Dividends
1883-4.
1882-3.
$195,380
20,673
$294,631
23,942
$216,033
$31S,573
$80,641
80,698
(8 p. C.) 166,592
64 01
ACCOUNT.
1883-84.
1880-81.
$
18*1-82.
18x2-83.
$
$
1,124,603
1,110,110
1,273,67 G
1,264,008
218.330
074,43!)
21 *.330
218.330
857,L80
*55,555
1,073,885
'
218,330
664.559
$
100,267 '
Total dishuiscments
983,156
892,709
1,076.016
Surplus
New construct'll, Ac..
141,447
21.7,34 i
197 660
134.1 is
181 5b*
7,299
35,803
Balance
■
1880-81.
$
Assets—
huild’gs, Ac.
Eo-uipment.
Railroad,
Real estate.
Stocks A bonds own'd.
Bills and other accts..
Matei ials, fuel,. Ae
('ash on hand
..
Debit balances
Profit and loss
Total assets
b
Accrued interest
Credit balances
Miscellaneous
Pivi.it and loss
$
7.828.636
1,0 I s,696
7,7(1.127
1,04*, 05)6
695,150
875) 3SS
1,258.50*1
95. 150
J
271.615)
34 7. 19 i
-
190,123
168,783
21,340
U£.
1*83 84.
$
.
14,553.653
1,549,367
50. 150
1,200.330
210,131
5)5,75)9
209,652
319,656
24 *.531
119,569
64,55)5
9,6..7,696
124, 1 12
1 12,37!)
9,0*7,053
8, *5)2,665
19,951 S92
20,034,515
19,965),379
64.2* i
3.078.5)00
2S8.V50
3*5,170
I59,v27
14,285
20,029,552
4.997,006
4.097.600
4,997,600
13,024.< 06
13,627.321
13,627,321
0* 1.366
450,918
6*
1,3. 6
125.377
6*4.300
323.911
58,009
1.5.* i 7
15.* 17
956705
15*17
122.407
74,035
9,3*7
83.U51
1 1,0* 1
129,990
123,1)26
20,034 515
15),969,379
19,951.892
Total liabilities
1
1*82-83.
$
116,75)6
Unpaid dividends.....
,3
130,329
1881-82
7,0S0,883
963,760
Liabilities—
4,997,600
Stock, (".minion
Bonds (sec Supple.).. 13,024.000
0*7,206
Land mortg. notes
3- 6.07!)
Current accounts.....
Rentals.
i
OF EACH FISCAL YE.
GENERAL P.ALAXCE AT CLOSE
Maine Central Railroad
INCOME ACCOUNT.
5*1,901
750.5)13
’
$3,S05,792
Total
15)1,276
6*2 205
03,221
^ i^U / jUUd ^
:
1883-1.
$2,591,181
909,564
passengers
express freights
United States mails
miscellaneous sources
-
$
4*2,5)16
$
700,14*
Taxes
INCOME
1882-3.
3,571,594
3,5*4,500
60.614
Transport’ll expenses.
I’.c. of op.
earnings in detail are as follows :
locomotives and
115
224
1.5)61
130
1883-84.
bonds.
general freights
more
2S5
283
99
205
56 bj
Operatinq expenses—
lines for the year
rev. over
100
100
283
1,7931*
1883-84.
185
1882-83.
1-5
118
165
1882-83.
1881-82.
1880-81.
Operations—
7,905,853
7,25 7,25)6
6,664,0*7
Passengers carried... 5,75)5,150
83,411,100 93,871,712 100.003,605 108.45)7,155
Passenger mileage
1 723 cts.
1*22 cts.
1-8*1 cts.
Rate H pass.
mile.. 1*931 cts.
1 316,702
1.368,332
1.257,69!)
1,124,286
Fr« ight (tons) moved.
Freight (tons) mileage 63.099,873 08,-179,129 75,6 11,226 7 7; 659,054
1-805 cts.
1-923 Cts.
2*035 cts.
2*658 cts.
Av. rate pi ton $ mile
$
$
$
$
Earninqs—
1,5‘5)0,710
1,825,053
1,770,345
1,614,1 *4
Passenger
1,451, *78
1,35)3,340
1.298, Ms
1,35)3,65)6
Freight
301.575
187,544
239,037
381,041
Mail, express, Ac
MainienYe of way.Ac.
Maintenance of cars..
Motive power
including interest on deben¬
tures and rentals of leased
Balance net
*
.
held by
Total
*■_
EQUIPMENT.
1881-82.
OPERATIONS AND FISCAL RESULTS.
$1,293,035
Total net revenue for the year
Amount totalintcres1 on fund¬
ed and floating debt of Rich¬
mond A Danville ER. Co.,
operated
Locomotives
vestments.
C. Railroad bonds
R A D. company
118
165
Miles owned
Miles leased
$5,410
last year
working expenses was
Net earnings
Received from interest on
and have added to construction ar.d equipment
$168,783.” ** “The passenger traffic has increased over last year
648,557 in the number of passengers carried, and 56,970 pass°nger train miles; resulting in increased earnings from
passengers of $24,622, notwithstanding a material reduction
in the tariff inaugurated in the early part of the year.
The
freight traffic, owing to the diminished product of factories
on our line, and the low rates on Western freight, has decreased
51,630 tons, with a loss in receipts of $61,538. This loss in
traffic, however, will cease with an improvement in business.”The comparative statistics for four years have been com¬
piled for the Chronicle as follows :
ments.
ROAD AND
last year
and 57*95 per cent in 1883-84.
The income account in the past
follows:
*
[VOL. XXXIX.
THE CHRONICLE.
680
*2,360
8,843
74 37!)
172,796
20,029 552
Company.
{For the year ending September 30, 1884.)
The report says: “While the gross earnings have
there has been such a reduction in operating expenses
leave a larger surplus than the preceding year.
For
nine months of the fiscal year freight earnings were
been less,
as
to
the first
reduced
$78,792, and passenger earnings $1,815. Both freight and pas¬
senger earnings commenced increasing from that date, so that
$205,585
$247,290 for the year, the freight earnings show a reduction of $66,1 1p»
Balance, surplus
$’.0,168
$71,283 and making thus a gain in the last three months of $12,67o
over the corresponding period-last year, while the passenger
Eastern Railroad.
earnings showed an increase for the year of $50,206, making
thus a gain in the last three months of $52,021.
These gains
(For the year ending Sept. 30, 1884.)
Tiie report says of the past year’s business, showing a decrease in the last quarter of the year, especially in passenger earn¬
in the
net result against; 1882-83 of $7,53(3:
“Considei- ings, are attributable largely to the opening-‘of our Mount
Desert branch, upon which trains commenced running regu¬
ing that tlie past year has been one of unusual depression, this
result is quite satisfactory, and confirms tlie ability of your larly June 23, 1884.”
The following statistics for four years have been compiled
road to earn its fixed charges in years of extreme depressi m,
for the Chronicle :
and, with the return of prosperity, to tarn a liberal surplus,
ROAD OWNED AND OPERATED.
applicable to the sinking fund or dividends.”
33-84.
18^1-81.
1*81*2.
1882 83.
The management this year have deemed it expedient to
363
305
310
Miles owned.
322
161
apply alt the earnings to the improvement of the property, Miles leieed
16
46
161
and have charged in operating expenses 1,908 tons of new
Total operated..
351,
4*3
356
steel, equal to 17 miles of track, and many other improve¬
“
(6
p.
c.) 124,914
:
„
December 13, 1834. j
THE
OPERATIONS AND FISCAL
Operations—
1890-81.
Passengers carried.
Passenger mileage..
Kate pi*. pas.pr. mile
2-7 cts.
Fr’t (tons) moved
Fr't (tons) mileage.
Kate pr. ton pr. mile
Mail, express, Ac...
Total gross
Net
.
earnings....
45.302,055
49,615,166
2‘74 cts.
2*75 cts.
2*53 cts.
777.4-0
2 l2 cts.
7 58,037
63,783,131
61,632.003
2-42 cts.
2*30 cts.
$895,989 $1,147,207 $1,19-,413
1,067,716
1,511,961
1,475,845
113,389
146,326
143,115
earnings #1,877,079
Expenses and taxes
34,047,306
1883-84.
1,21 4,3-0
36,605,243
$772,833
1,003,854
100,392
Freight
1882-83.
1,150.037
556,166
3S,900,518
Earnings—
Passenger,
031,738
2‘56 cts.
515,046
.
111 SDLTS.
1881-82.
760,444
28,544,233
CHRONICLE.
$2,077,094 $2,835,494 $2,816,373
1,359,373
1,839,707
1,750,710
1,229,357
#617,722
$717,721
$995,7S7
#1,065,163
Receipts—
3 880-81.
friendly one, and instructions have been given to officers
employes of the companies to assist one another in
1881-82.
1882-S3.
1883-81.
$1,0(5 \ 663
$647,722
8,656
$717,721
5,368
$995,787
29,121
Buffalo New York k
the quarter
Chronicle,
Philadelphia.—The
income....
Disbursements—
Rentals paid
Interest
bonds...
on
Dividends
Total
Balance
disburse’s
$656,378
$723,089
$1,024,908
$1,070,084
$54,000
570,466
$54,000
569,542
71,822
$182,958
64i,146
$1 89,000
(561,395
197,522
215,532
$695,364
$27,725
$1,024,626
$282
$1,065,927
#10,157
$624,466
$31,912
GENERAL BALANCE SHEET SEPT. 30.
as
follows
Operating
$394,301
expenses
446,306
$247,995
20,958
Total income
1881.
1882.
1883.
Brilload bldgs., &e. $10,016,642
$10,044,878 $10,049,779
Efpiipnu nt
1,652,141
1,651,99 L
763,333
Stks. and Ids. owned
Bills and other acets.
768,333
24,700
20,000
90,161
Europ’n AN.A.lease
Car purchase acct..
65,618
.
.
.
m
m
267,892
197,470
413,447
A (lvalues
Materials, fuel, Ac..
Cush
on
18 s, 33 6
hand
15,554
Total
Liabilities—
Stock ctinmon
Bonds (see Si pple.).
All other dues
Piotit and loss
Total
262,211
10,078
$10,050,970
1,676.210
768,333
9,700
114,617
708.3 !3
759,700
229.405
1,000.000
200,919
412,4-5
11,719
2,33 j
#12,751,167 #12,827,809 #1-1,484,197 #15,100,444
#3,603.300
8,720,023
$3,603,300
$3,603,300 $3,603,300
8,719,391
53,051
374,793
9,700,600
1,059,315
362,152
142,966
120,982
10,191 .(500
88 4,083
121,461
#12,751,167 $12,827,809 $11,484,197 $15,100,444
New York Providence k Poston.
{For
the year ending Avg. 31, 1884.)
The annual report of tills
company, commonly known as the
Stonington Railroad, has .just been issued. The report says:
‘‘The apparently large increase of local
business arises from
the fact that the gross
earnings and expenses of the Pawtuxet
Valley branch are included in those of the mainline, instead of
the net earnings, as in
previous reports. No dividends have
been received from the steamboat
company, that corporation
having expended a large portion of its surplus earnings
in the
construction of two new freight steamers.
“The contract under which this
the Pawtuxet Valley road since company lias been operating
Jan, 1, 1880, having nearly
terminated, a lease of that property, subject to your
approval,
has been taken for 99
years from July 1, 188-1, this
company
assuming the interest on tlie bonded debt of one hundred
and
sixty thousand dollars (viz., #10,600 per annum), and
agreeing
to pay 7 per cent on the
capital stock of #100,900."
Belovr are the earnings and income for
four years :
EAR NINOS AND
Earnings—
Passenger.,
i
Freight
Mail, expiv.-s,
18S’-S2.
..#522,761
#5(52,000
366.072
Ac
.
Net
earnings
84.0(56
#1.065,650
#1,133,-144
#1,185,330
690,571
714,305
727,055
#375,079
$419,1159
$157,675
18-3-8J,
#15 < ,6 < 5
70,842
Total gross earnings..#957,713
'O’.ur. expenses, ine.ud.
'construction A: taxes
602,173
#355,245
1882-83.
#595,765
150,613
18°3-81.
$633,2-11
473,307
78,602
432.808
08,8^2
INI OME ACCOUNT.
Not earnings
Disbursements—
Interest on debt
Dividends
Total
1 SCO-81.
1881-82.
#355,245
1 R5‘.>-£3.
#375,079
$44 9,139
79,364
78,402
240,000
80.28(5
240,000
81,99 1
2 10,000
$313,402
$56,677
$320,286
$98,853
#321,291
$135,681
240,000
disbursements..$319,304
Balance, surplus
$35,941
-
r
$268,953
payments
253,601
$15,352
Canadian Pacific.—Of the #25,000,000 of the
Canadian Pa¬
cific land grant bonds over
$9,000,000 have been redeemed and
canceled by the sale of land. Two
millions of dollars are
deposited with the Finance Department of the Government as
security for the execution of the contract, and $10,000,000 are
lodged in trust until earned. The balance
outstanding is
$2,000,000.
Chicago Burlington k (Juincy.:
following circular
Until Dee. 20, 198 l, subscribers
to
-This company
issues the
stock under our circular of
to make their final payment
inclosed notice and receive certificates
for their new stock Jan.
1,
1885, as originally proposed; or to receive, on
application, certificates
for such proportion of their new
stock as th *y
have
may
paid for, and
to defer the payment of the
amount still due until June 20.
1835, at
which time the balauce of the stock
will bo delivered.
Interest
will be
charged on such deferred payments at the rate of
three
per cent (3 per
cent) per annum, and credit will bo
given (withmt interest) for any
dividends or other emoluments which
may accrue
1884, and June 20, 18S'*, on the undelivered stock, thebetween Dec. 2 0,
same as if it lial
been paid for and delivered.
April 7, 1884,
are
vs i er
new
hereby given the option
Fort Worth & Denver
City.—A statement for
ending October 61, 1884, lias been issued as follows:
Gross earnings
Operating expenses
Add surplus earnings October
31, 1883
Less coupons December, 1833, and
June, 1834
expenses
Sundry
$ 172,1 02
251,160—$221,002
89,584
$310,586
$113,409
17,635— 161,035
Surplus October 31, 1884
Lackawanna k
Pittsburg.—This
the year
$149,551
better known
company,
in
New York as the
Alleghany Central, prior to its consolidation,
has been embarrassed, ami a receiver lias
been applied for. At
the office of the Buffalo New York &
Philadelphia
Railroad it
was said that the
bankruptcy of the Lackawanna k Pittsburg
Railroad did not affect-that
company. The Lackawanna k
Pittsburg had been granted, under contract, trackage
rights
from Lackawanna Junction to
Newcastle, Penn., a distance of
some 200 miles.
A small balance on this account was
unpaid, but the
amount
was
due and
trivial.
Manhattan Elevated.—This
company his settled all back
city of New York by payment of #1,285,563.
The
faxes with the
EXl’KNSES.
1880-81.
otli-
Balance
1884.
1,651,210
1,000,000
m
Interest and
check
was
received in settlement of the claim of the
city
against the elevated railroads for taxes for the
years 1879 to
1881, inclusive. It represents the amount
which, under the
decision of Judge Pratt, the
city was entitled to claim from
the elevated railroads and interest on suoli
amount.
Speaking
of the settlement
Comptroller Grant sdd :
“
This settles the long-continued
litigation which followed
the decision of the Court of
Appeals
that taxes could be
levied upon the structures of the elevated
railways as real
estate.
Til's being
tain just what was
determined, it became necessary to ascer¬
due, and this was settled by Judge Pratt's
decision.”
Thi following table from the Times
shows the basis upon
which the settlement was effected.
In the first column is the
chara ter of the property on which the tax was
levied, in the
second the year, and in the third the
amount of the tax for
each year, including interest
aggregating $294,463 60.
Metropolitan Elevated Railroad.
1
New 1 ork Elevated Railroad.
#11,798 09 Structure 1873
$72,602 SO
Structure 1879
172,303 46 Structure 13-0
113,603 64
Snucture 1880
119,32-5 74 i Personal 7 830
34,494 38
I’etsoiuil 1-80
3 0,559 77 I Structure
142,543 29
Snucture 1831
144,056 17 i Structure
124,322 92
S ni-tlire 1882
119,21620 Structure 1-83
122,504 91
'■tincture 1833
117,380 1,0 j Structure 1881
115,231 7(1
Strmtuie 1884
111,537 53 1
Total.
.$1,471,720 92
Itss tax
paid by New Y«rk Elevated Railroad, under
protest, iu 1879 and 18sO on structure
186,187 41
GENERAL INVESTMENT NEWS.
Structure 1878
{
Baltimore k Ohio.—Tins company has
negotiated a loan of
secured by its Pittsburg & Connellsville
line,
which line lias shown a
large earning capacity in excess of all
its fixed
charges during the past- few years. » It is understood
that the loan was made in order to
re-pay the Baltimore & Ohio
Company for heavy advances made this line during the
past
few years, and further to
enable the Pittsburg & Connellsville
Bal incc paid
Road to acquire such additional
$1,285,533 51
connections as will
greatly
strengthen the Pittsburg Division of the Baltimore &
New
York
Ohio
Chicago k St. Louis.—The following statement
Railroad. The bonds will mature in
forty years, a id they has been furnished the Chronicle for the year
hear interest at the rate of 5
ending Sept.
per cent gold per annum.
The 60, 1884:
loan is taken by the New York
Miles
banking
firm
of
operated at end of fiscal year
Hallgarten &
CIo. and a syndicate. A
523 02
million, or perhaps more, of the Gross earnings from operations
bonds will be offered in London.
$3,196,476
$10,900,000,
Operating
.
*n
Bankers'
&
Merchants' Tel.—The courts have
acquiesced
the final dissolution of the
agreements between the
B. & M and B. &
O.telegraph companies.
for
to the
:
Gro^s earnings
under
.1 ssels—
Aiulr’scoginlid.lease
statement
ending Sept. 60, 1884, has been furnished
12881
Total
10,421
and
every way
possible. The B. & O. withdrew from the agreement
Sept. 11.
The B. & M. receivers have been
authorized to issue #160,000
certificates. Manager Ward, of the
Bennett-Maekay cable,
announces that the cable will be
operated independently of
any of the land lines.
Net earnings
Other income
INCOME ACCOUNT
Net earnings
Other receiuts
681
Postal,
The dissolution is
a
expenses and taxes
Net earnings
Dividends
on
investments
Total income
*
2,222,213
$374,263
41,289
#1,015,552
THE CHRONICLE.
682
[Vol. XXXIX.
fc:
Payments—
Rentals
Interest on debt.
(Commercial Jinxes.
$26,888
1,829,105
Total payments
jbeticit for year
New York & New England.—At the recent
Whole number of votes cast was 153,263, and the
$1,355,993
$340,441
COMMERCIAL
election the
result
EPITOME.
Friday Night, Dec.
was a
Trade continues about
Victory for the present management and Receiver Clark. The
Vote cast for W. T. Hart, the President, was 103,288, and for
Colonel Jonas H. French, the leader of the opposition, 69,080.
Following are the names of the full board as chosen: William
T. Hart, Boston; Charles P. Clark, Newton, Mass.: Francis L.
Higginson, Boston; Eustace C. Fitz, Chelsea, Mass.; Jesse
Metcalf, Providence, R. I.; W. F. Sayle?, Pawtucket, R. I.;
Frederick J. Kingsbury, Waterbary, Conn.; George G. Haven,
William Seward Webb, Cyrus W. Field and Russell Sage, New
York: George M. Rice, Worcester, Mass.; Robert C. Martin
and Chester Griswold, New York; Stanton Blake, Boston;
William B. Dinsmore and A. J. Leith, New York; William A.
*Tower, Boston; George M. Landers, New Britain, Conn.
as
last
12, 1884.
Failures among in¬
have been quite numer
reported.
terior mercantile houses and bankers
important, dhe text cf tho new commercial treat
Spain and the Lhiited States has appeared, exciting
much comment, and provoking a growing opposition to its
leading provisions.
The speculation in lard futures has been active, and gen¬
erally, under very free offerings, prices have had a downward
tendency-, yielding to-day to the lowest figures of the season,
closing with buyers at 6*92c. for Jan., G’98c. for Feb., 7'04c.
for March and 7T0c. for April; and lard on the spot sold very
New \rork West Shore & Buffalo.—This railroad company freely at 6-85c. for prims city, 7c. for prime Western and
inakes the following statement of earnings, operating expenses 7‘30c. for refined for the Continent. Pork is dull and mess
and net income from the beginning of the receivership on
may be quoted at $12 50.
Bacon is dull at G@7c. Pickled
June 1, to Sept. 30, 1884 :
cut meats have been fairly active and close about steady at
Gross earnings
$1.297.981
Operating expenses (93 per ct.)
Income from other sources
33
income from all sources
and beef hams remain
Deductions from income:
’
Interest
Taxes
:
and
between
1,213,720 6*3@G^c. for bellies, 55g@53£c. for shoulders and 9}J@9/5aC.
$83,264 for hams. The slaughter of swine at the principal points of
3,072 the West for the season numbered only 1,558,920, against
$87,337 1,839,000 for the corresponding period of last season. Beef
;
Net earnings from operation
tiro
ous
$20,955
33,113
-
13,121.
Rents paid
Tallow is easier at 6 1-16@
6i£c. Butter has shown a downward tendency, and creamery
is quoted at 20@29c. Cheese is very dull at 9@13c. for State
factory.
Brazil coffees on the spot have been inactive, but fair cargoes
Rio are still quoted at 9^c.
In options, however, there is
some decline, and at the close of to-day’s exchange there were
sellers at 8c. for December, 8*10c. for January, 8*25c. for Feb¬
Mild coffees have sold very fair¬
ruary and 8*40c. for March.
ly, but generally at concessions to buyers. Raw sugars have
been moderately active, and fair to good refining grades are
still quoted at 4%’@4^c.; but to-day the market was dull aud
unsettled. Refined sugars are quiet at 5r>gC. for standard “A”
and G;'8c. for crushed.
Molasses in some request from the
trade. Teas have been quiet in the regular way, but we notice
some speculative revival at full prices for the early months of
G7,189
$20,147
Net balance
nominal.
debt, and on
the other side $17,019,332 " sundries,” each of these items on
the two sides being understood to include $10,000,000 of income
bonds. The total amount of income bonds is $20,000,000, of
Which a considerable part has been used as collateral and the
balance is held by the company.
Ohio
Mississippi—Baltimore & Ohio.—A lease of
Ohio & Mississippi to Baltimore & Ohio has, according
to Baltimore reports, been effected, and the latter will
operate the former at an early day.
So far as
information is at present obtainable, Baltimore & Ohio
has agreed to operate the leased road for 65 per cent of the
How the remaining 35 per cent will affect
gross earnings.
Ohio & Mississippi stocks and bonds is the next consideration.
By the plan of re-organization adopted in October, 1882, 1885.
$16,000,000 fifty year 5s were issued. $13,000,000 to be reserved
Kentucky tobacco has continued quiet, with prices more or
to take up $12,872,000 outstanding 7 per cent indebtedness at
less
nominal at 7%@8%c. for lugs and
12c. for leaf. Seed
maturity, of which only a very small portion has matured,
and the balance used to pay pressing liabilities.
The capital leaf has sold more freely, the business in domestic aggre¬
of the Ohio & Mississippi Company consists of $4,030,000 pre¬
gating 1,265 cases as follows: 400 cases, 1883 crop, Ohio, pri¬
ferred and $20,000,0(^0 common stock. The preferred stock is
vate terms; 200 cases, 1883 crop, Pennsylvania, 8@ 10c.; 130
entitled to 7 per cent cumulative dividends, none of which
have been paid since Marcli 1, 1875.
The fixed charges are ap¬ cases, 1883 crop, Wisconsin Havana, 16@33c.; 120 cases, 1883
proximately: Interest on $13,000,000 7 per cents, $910,000:5 per crop, New England, 12@35c.; 200 cases, 1882 crop, Pennsyl¬
cent on $3.COO,000, $150,000; dividend on preferred stock, 7
vania, 43^@ 11c.; 130 cases, 18S1 crop, Pennsylvania, 5@llc.;
percent, $280,000; total fixed charges, $1,340,000. The aver¬ and 85
cases, 1882 crop, New England, private terms; also 300
age gross earnings for four years have been $4,231,592; 35 per
cent of that amount would be about $1,480,500, or $140,500 bales Havana, 70c.@$1 10, and 150 bales Sumatra, $1 30@
more than the fixed charges.
$1 60. Pending action upon the recent treaty between Spain
Union Pacific .—The following table shows the Union Pacific and the United States, the tobacco market is quite unsettled,
land sales for November and since January 1, compared with the trade entering actively upon its discussion.
the same periods of last year :
The petroleum speculation has been less active for the week
1881.
1883.
Acres.
Amount. under review, and the decline noted at the close of our last has
November.
Acres.
Amount.
Kansas Division
71.984
$2 >4,143
14,100
$77,721 met with very little recovery. To-day the opening was at
Union Division
45,849
83,867 11.3,063
316,669
73}4@73)<c., followed by a drop to 71c., from which there was
Total
117.S33
$318,010 127J63
$394,390 a partial recovery and close at 723gc. Refined has remained
Jan. 1 to Xov. 30.
Naval stores
Kansas Division
416.691 $1,873,792 248.114 $1,170,065 steady at 73i‘@7JgC. for standard test in bbls.
Union Division.
4,207.989
6,430.865 741,153
2,320,910 have been dull and drooping, and yesterday spirits turpentine
Total
4.654.603 $8,304,657 989,267 $3,190,975 declined to 31c., with sales at this price on the spot and for
Western Union Telegraph.—The directors of the Western December, and common to good strained rosins are dull at
Union Telegraph Company declared a dividend for the quarter $1 20(a) $1 27. The recent decline in hops has caused import¬
ending Dec. 31 of l}., per cent, payable Jan. 15, 1885. The ant failures in the growing district of this State.
corrected statement for the quarter ended September 30 shows
Metals have generally been without important change, but
that the net results of that quarter were overestimated $244,466 by the statement made Sept. 10, so that the surplus for at some of the Pennsylvania furnaces pig iron has been re¬
the quarter, after the payment of a 1~4 per cent dividend duced $2 per ton, to meet the competition from cheap South¬
was only $1,722, instead of $246,190.
For the quarter to end ern iron. At to-day’s Exchange, pig iron was steady at $16}£@
December 31, the estimate of the ‘‘net revenues’' is $155,431
$1634 bid and $17 asked. Tin was easier and unsettled; 10
less than the actual for the same quarter of 1883.
tons Straits, January, sold @ 16J0c. Tin plates are steady at
QUARTEll ENDING DEC. 31.
$4 4734@$4 ,r>5. Copper is weak at 11,35@12c. for December
Actual. 18*^3
-—Estimated. 1884—>
Net revenue
$1,655,131
$1,500,000 Lake. Lead is dull; for domestic 334c-bid. Spelter is steady;
Deduct—
domestic neglected; foreign 4*75@4’90c.
Interest on bonds
$108,421
$124,000
Sinking fund
20.000— 126.421
20,000— 114,000
Ocean freights have been rather more active in the way of
Net income
$1,529,010
$1,356,000 grain room, the shipments having been quite free at 64. to
Less dividend..
(l;,4l'.c.) 1,399,793
(l^p.c.) 1,199,837 Liverpool, 5^d. to London, 6d. to Newcastle, with charters to
Cork for orders at 4s. 10j^@5s. hence, and 4s. 6d. for January
$156,163
Surplus for quarter
$129,217
Petroleum charters have been with¬
4,159,190 loading from Baltimore.
Add surplus for 8ept. 30
3,841,715
out especial activity, but late business includes crude to Havre
The balance
sheet shows $70,000,000 bonded
.
,
<
,
,
Surplus of Dae. 31
$3,970,932
$1,315,353
at 2s.6i. and refined at 2.
34. to Antwerp.
December 13,
THE CHRONICLE.
1884.]
In addition to above
COTTON.
us
Friday, P. M., December 12, 1884.
ending
this evening (Dec. 12), the total receipts have reached 289.457
bales, against 276,300 bales last week, 284,692 bales the previous
week and 258,774 bales three weeks since; making
the total
On
September 1, 1884, of 104,277 bales.
Sat.
Galveston
Mon.
6,377
Indianola, Ac.
New Orleans...
Tties.
5,293
mmmm
Wed.
4,856
....
....
3,838
Farida
......
Savannah
....
o,251
Brimsw’k, Ac.
7,714
...
.
4,080
3,221
132
132
94,943
1,353
3,951
14,067
18,817
6,230
35,829
.
.
....
.
3,431
....
6,193
27,665
19,063
.
....
4,258
6,183
527
527
23 202
cotton
shipboard, not cleared,
on
Shipboard, not cleared -for
France.
Other
Leaving
Coast¬
wise.
Foreign
Total.
Stock.
234,565
New Orleans....
Mobile
40,998
29,991
20,085
7,500
None.
1.253
4.000
15 OCO
7,100
3,200
None.
19 800
9?,327
Charleston
11,500
24.297
3,500
None.
20,770
40,930
1,396
None.
22,100
11,208
41,500
32.900
6,151
39,528
750
7,300
None.
3,050
2,000
1,580
None.
None.
50.246
1.500
5,3oO
9,300
46,196
85,571
38,941
32,953
141,494
81.558
141,098
35 337
86,279
19,987
232,G01
685,605
158,831
52,950
171.846
35.349
29.896
57.473
14.362
17.495
256.039
282.103
913 725
557.181
Total 1894.
14,067
4,604
Great
Bi Haiti.
Savannah
Galveston
Norfolk
New York
Other ports
Total.
8,556 18,436
....
...
Fri.
r
17,016 21,129 10,713
2,504
3,559
4,019
Mobile
Thurs.
exports, our telegrams to-night also give
following amounts of
Dec. 12, at—
receipts since the 1st of-September, 1884, 3,071,208 bales, against
2,966,931 bales for the same period of 1883, showing an
Receipts at—
the
at the ports named.
We add similar figures for New York,
which are prepared for our special use
by Messrs. Carey, Yale
& Lambert, 89 Broad Street.
The Movement of the Crop, as indicated by our
telegrams
from the South to-night, is given below.
For the week
increase since
683
Total 1883
Total 1882
L.
-
■
—
■
■
3.400
7.736
The past week has witnessed unusual excitement in the
speculation
in cotton for future delivery at this market.
Tt. Royal, Ac.
525
525
Fluctuations have been very wide, and on one
day (Monday) the
963
783
Wilmington....
1,154
1,024
1,011
898
5,833
dealings exceeded in amount any of recent experience. There
Moreh’d C.,Ac
1,1(0
1,100 appeared on
Saturday reports and deductions therefrom which
Norfolk
4,604
8,913
5,915
4,265
5,479
6,841 36,017 pointed to a
of the current crop falling below
yield
million
West Point, Ac
18,131 18,131
bales, with 5,418,360 bales the favorite estimate. An excited
New York.....
118
14
268
1,034
1,272
2,703 speculation for tlie rise followed in this market and at
Liver-?
Boston
653
502
€45
466
516
839
3,621
pool, although experience has shown that these reports and
Baltimore
2,100
2,ICO
estimates have proved in former years quite
untrustworthy.
151
65
Pliiladelp’a, Ac.
1,688
113
79
The market continued to show more or less
2,146
4,242
strength until
toward the close of Tuesday, when a
Totals this week 42.484 53,026 35,639 29.964 43.651 84,643 289.457
report that the (then)
forthcoming Bureau report would point to a crop of about
For comparison, we give the following table showing
the week?s ! 5,800,000 bales; caused a free selling movement, under
which
total receipts, the total since Sept. 1,1884, and the stock
to-night, prices gave way rapidly, until they had fallen 21(a) 28 points
and the same items for the corresponding periods of last year.
from the highest figures of the
previous Monday. Then came
some recovery, but
1684.
1893.
Stock.
yesterday the speculative spirit seemed to
be entirely wanting, and a marked decline took
Receipts to
Th is
Since Sep.
Th is
place,although
Since Sep.
December 12
the
rumors regarding the character of the Bureau
1884.
1983.
Week.
report were
Week.
1, 1884.
1, 1883.
not confirmed.
To-day the market was very unsettled, ad¬
Galveston
27,065
348,616 31,602 40G.500
78.469
121,77G vancing and then declining sharply with feverish activity.
The close, as compared with last Friday, was at an
132
Ind’nola,Ac
8,52#
157
130
7,230
129
irregular
New Orleans.
decline
for the early months and September, and some ad¬
94,943
866,768 103,249
326,892
412,290
895,341
Mobile
vance for other deliveries.
Cotton on the spot has remained
18,917
140,711 16,798
1G8.154
35,797
61,419
Florida
14,067
quiet, but stocks are comparatively small and quotations
47,664
1,390
21,113
21,262
were advanced ^c. on Saturday and
Savannah.... 35,829
540,080 32,029
again on Monday. Op
480,823
118,471
114,320
527
Wednesday
Br’sw’k,Ac.
192
they were reduced l-16c. Yesterday there was p
8,391
6,445
further decline of l-16c., except for some medium
Charleston... 23,202
392,278 18,301
307,891
grades.
87,696
39,585
To-day the market was dull and unchanged at lO/^c. for
525
Pt.Royal.Ac
2,500
2,080
410
S,€60
260
Wilmington..
5,833
75,499
3,769
71,468
21,015
21,526 middling uplands.
The total sales for forward delivery for the week are 1,000,900
M’headC.,Ac
6,723
978
1,100
8,898
bales.
For immediate delivery the total sales foot
Norfolk
36,017
366,751 39,287
up this week
375,333
S3,199
85,396
1,753
bales,
W. Point, Ac.
including
for export, 1,386 for consumption,
18,131
194,456 11,597
134,512
7,443
367 for speculation and — in transit.
New York...
Of the above, GOO bales
2,766
13,738
6,473
25,105
146,794
223,512
were to arrive.
The
Boston
the
following
are
ofiicial quotations for
3,621
39,512 11,979
49,776
6,310
6,135
each day of the past week.
Baltimore
2,100
497
3,596
3,222
Charleston
3,069
4,788
....
2,500
4.819
3,402
r
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
.
.
.
.
....
....
....
...
-
...
Philadel’a.Ac
Total
4,242
15,8 25
375»
5,961
289,457 3,071,208 231,163 2,966,931
22,579
22,910
11,890
10.503
*968.206
comparison may be made with other years,
give below the totals at leading ports for six seasons.
1884.
Gal vest’n, Ac.
New Oi leans.
Mobile
27,797
94,943
18,817'
Savannah....
CliaiTst’n, Ae
Wilm’gt’n, Ac
Norfolk,* Ac..
All others
1883.
|
35,829
23,727!
6,933
1882.
31,759
103,2 4 9
16,799
32,029
21,101
20.SOI
21,132
4 747
7.2-4
7,921
5,S95
50,88 4
27,2.53
74 336
76,918
10,037
o, i) 2 o
35,140
20,896
50,019
13,792
2S1,163
262,015
we
1879.
13,342
35,915
21,18.3
51,148!
289,45?!
37,142
1830.
27,039
74,204
21,066
30,252
25,370
|
Tot. this w’k.
1881.
20,187
59 967
17.773
28,388
38.688
27,701
40,091
14,373
241,576
238,490
218,907
ending tins evening reach
26,507
a
total
September 1, 1884.
Exports
Great
from—
IJrit'n. France
Galveston..
...
New Orleans..
Mobile
Florida
3,141
Norfolk-*-
42,030
2,843
New York
16,010
2,145
*...
Wilmington...
Boston
5,870
Baltimore...
.
Philade!p'a,&c
Total..
Total
iss.3....
*
Total
nen t.
Week.
40,013
05.241
4,339
80,041!
—
Jient.
Midd’g Fair
Fair
Ordin’y
8*4
90,6
10
10^8
10Pb
1008
10*8
12^8
12
Fri.
Wed
8r,s
8 r*8
Strict Old..
9116
Good Ord..
9i->;6 978
Str. G’d ()rd 105,« 104
Low Midd’g 10b ,(5 10** 16
Str.I/w Mid 1934
104
Middling... l()15i6 1078
Good Mid.. 1 1 *8
101,6
Str. G’d Mill 1 l6ir, 114
Midd’g Fair lin,* 11*8
Fair
12&16 02 *4
i
178
12
Ob,
Total.
8 ‘8
11
llhfl
114,
lilt
11«8
124
Hy,6
11K>10 U7s
S78
9
9
h u 16
0”,6
97,6
10*8
108,
U14
128,313
560,740
5,311
110,891
88,319
9,322
238,977
199,169
11,427
82,524
188,514
292,274
49,734
98,018
254,797
Sat..
Mon
Tuos.
We i
Thurs
Fri.
7,552
1,931
123,057
45,814 203,548 1,037,09 2 197,310
i
i
584, S28 1,849,239
Tota1.
73.0,11
21.244 110.270
R50.290 209.801
400 355 1.520.452
CO
25,930
1,923
4,38 S
12,177
5,751
9 4,547!
5,121
0,541
49,991
174,2141
2,c43
21,“02
5.S70
7,552
189.172!
49,508!
20,578
••••••
••••••
1,931
27,139!
30,077
15,001
••••••
104.112
7,971
15;803
30,437j
03,5 43
j
220
3,030
23,005
2,058
1058
1078
10*4
105a
1078
10*
,6
ills
1 1 *4
1146
11*4
1Hi6
11 *10
Ills
1 1 78
11 ®8
12
11®8
12 43
1258
125a
Wed
12
TIi.
Fri,
S78
S78
81 "4 f
9:*s
i
11 1 78
! 12 *•>
12 82
12-0,6
1 1
110,ft
1045
8:{h
01,ft j 91,6
0~8 ' 97s
10*3
10*3
1
1
l 1 63
U13,6
1 1
l
8*08
11
1 1 0«
1 D*ift
24 «
3Ion Tucs Wed
8*4
8*5,6
1 1
1 *8
1*>16
11*8
lO,Q
78
11*3
U78
12 42
12*3
Th.
Fri,
85,6
8*4
8*4
9
915,6
915,e
94
010,6 94
107,ft 1008
1030
SALES.
The total sales and future deliveries eacli
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
38,137
.OC
10*4
1015,6 1(0,6
8 7h
I
11
ill
1 1 *8
ll 1 *8
1 1 •> , ft ! 115 1 6
1 1 o2
|i m
110,6
-Uio.1
|
Middling....
J Fri.
Tne«|
1
104
10 78
i Sat.
...
Th.
.II011
9*?
9*4.5 ! 9r.Wi
95,6
10 L
100,6 10 >8
1T46 10*8
10*9
1040 10*3
10*g
10*o
10»-* 10*3
1(00,6 1-010,6 101-4,, 1010,6 1610,0 1010,8
STAINED.
Good Ordinary
3ti ict Good Ordinary
Low Middling
[12
! 12 3s
123«
81-V,
9’*,8
978
10 4
1
Sat.
j
1104
1208
Til.
i>
1
TEXAS.
ITIon Tucs
I 9
9
9516
9*16 j 9 <i6
In *4
10*8
i 10 *4
10 *3
1 0 5g
! 10®8
1O04
1078 G()78
84
10 ia i p louq*. 1015,6 11116 m,6
11
11
1 1 ,4
ins
i 11 *4
10 0,6 100 ie
1151« 111,,, j 11 4ft
ll:!s
11 *3
11 r*8
ID’S
|1108
11*4-
Wed
159,819
5.344■
1 1 JH
1 2*4
8^4
9-V,
10
Sat.
MARKET AND
Conti-
r,ritain.\Fr(ince
.
3,535
Includes exports from Port Royal, &c.
t Includes exports from West Point, Ac.
1
Great
Good Mid
10116
Str. G’d Mid HJ4
257,383 143,530
2,049
8,108
7,113
1,363
Charleston
Sept. 1,1884, to Dec. 12, 1884.
Exported to
Conti-
1.041
20,901
From
Middling... 1078
NE vV ORLEANS.
ITIon Tucs
glance how the market closed
p
on same
days.
SALES OF SCOT AND TRANSIT.
Savannah
_
3,292
23,327
2,049
12.
Strict * ml..
him
Good Ord..
97«
Str. G’dOrd 10‘4
Low Mi ld’g 10*3
Str.I/w Mid ion™
4,763
of 205,548 bales, of which
123,057 were to Great Britain, 36,077
to France and 45,814 to the rest of the
Continent, while the
stocks as made up this
evening are now 968,206 bales. Below
are the exports for the week and since
Week Ending D<c
Exported to—
Ordin’y $ lb
S-M
22,634
Since Sept. 1. 3071,208:2966,931 29 51,3 09! 2 S2 3.6 3 4
3019.6S 4 i 2 8 01,9 4S
Galveston includes Indianola ; Charleston includes Purr
Royal, Ac.;
Wilmington includes Morehcad City, Ac.; Norfolk includes West Point,Ac.
The exports for the week
Sat.
1,169.764
In order that
Receipts at—
UPLANDS.
Dec. 12.
SPOT MARKET
Fx-
CLOSER.
.
.
.
Quiet at *8 adv..
Dull and inactive
Dull
Steadv at *,6 dec
....
....
....
Quiet at rev. quo
Dull
1
1
1
•
nd easy..
1
•
•
»
«
•
•
1
«
j Con-
Spec- Tran¬
port. sunpp uVt'n
39,759
•
.
•
102
213
209
233
477
....| 152
....
1,386
sit.
67
m
m
m
mmmm
300
a
m
m
mmmm
....
mmmm
367
Total.
FUTURES.
Sales.
Deliv¬
eries.
169 170,900
213:263,100
209 122,700
533:134,100
1,000
1,000
477! 109,000
300
300
500
152 201,100
300
1,753
*
3.400
*
l,OU» ,ooo.
The daily deliveries given above are
actually
previous to that on which they are reported.
delivered the day
THE CHRONICLE,
684
The Sales and Prices of Futures are shown by the follow¬
ing comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
CD
chjxs.
£
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[Vol. xxxix;
to Thursday evening.
But to make the totals the complete
figures for to-night (Dec. 12), we add the item of exports from
the United States, including in it the exports of Friday only.
1883.
1832.
503,000
45,000
533,000
50,000
537,000
71,600
487,000
37,000
548,000
3,500
32,200
533,000
2,000
51,100
608,600
524,000
39,000
67,000
1,500
6,800
1,300
1,000
1834.
Stock at Liverpool
8tock at Loudon
bales.
,
Total Great Britain stock
Stock at Hamburg
Stock at Bremen.
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
8tock at Genoa
Stock at Trieste...
.
-
700
1,400
159,000
4,000
34,000
8,000.
4,000
3,700
18.000
23,700
43.200
15,300
3,500
137,000
1881.
390
2.090
131,000
2,500
35,000
7,000
41,000
8,000
122,000
3,500
8,COO
6,700
16.200
3,800
4,100
223.580
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Short Notices for December—Monday, lOUle;
iiiesday, 11-COc*
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The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week's returns,
and consequently all the European figures are brought down
k*
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k-*
pd. to exeli. .S' 10 Dee. ft r Ma»-.
ptl. to ex eh. bOO Dee. for Mar.
pd. to exeli. 300 Dee. for Mar.
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pd. to exeli. 200 Feb. tor Mar.
pd. to exeli. 100 Mar. for April.
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5lan.d.
5VL
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496,100
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468,800
65,000
CJ2
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126,580
92,001)
52,000
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50,000
88,100
89,000
61,000
113.000
37,000
255,000
71,600
111.600
88.000
209,000
c
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137,000
45,000
119,800
02,000
indicate a decrease in the cotton in sight
to-night of 189,515 bales as compared with the same date of
1883, an increase of 159,053 bales as compared with the corres¬
ponding date of 1882 and an increase of 107,909 bales as
compared with 1881.
At the Interior Towns the movement—that is the receipt
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883—is set out in detail in the following statement.
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23.900
imports into Continental ports this week have been
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365,736
21,000
374,000
102,000
441,000
,079.758
397,538
19.3C0
108,000 bales.
The above figures
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2.38,000
,473,285 2,635,500 2,191,232
Liverpool
Price Mid. Upl.,
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517,000
968.206 1,169,764
Total East India, &o..
Total American
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United States interior stocks.
United States exports to-day..
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282,000
109,000
671,000
839,34 4
321.000
316.000
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664,000
517,000
55,000
Cl,000
963,206 1,169,764
313.079
365,736
46,000
21,030
East Indian, Brazil, <£c.
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Continental stocks
American afloat for Europe..
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829,200
752.580
88,000
671,000
1,000
52,000
65,000
839,314 1,079,758
265,938
397,538
23,900
19,300
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833,800
62,000
Of tlie above, the totals of American and
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-
The above totals show that the old interior stocks have
increasedjihiring the week 20,533 bales, and are to-night 52,651
•
at
bales less than at the same period last year.
The receipts
the same towns have been 30,492 bales mope than the same
week last year, and since September 1 the receipts at
towns
are
92,356 bales less than for the same time in
all the
1883,
December
THE
13, 1884. J
CHRONICLE
Quotations for-Middling Cotton at Other Markets.—
table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.
In the
CLOSING QUOTATIONS FOR MIDDLING COTTON
Week ending\
Dee.
12.
i
Galveston ...|
New Orleans, j
Mobile
j
Savannah
Charleston
Satar.
Mon.
Tucs.
1 Verities.
Th urs.
lOb,
1<71«
107t6
l()o16
ioq«
104
104
1<
10 4
104
ioqfi
10de
io:4g
ioh6
10%
104
1( u16
10316
1C°1H
104
103a
10*8
104
103a
10q6
lo5ie
10^1
5ig
ON —
Fri.
10%
104
10%
104
104
685
week, the rainfall reaching
one
inch and twenty-five hun¬
dredths.
Little Node, Arkansas.—We have had but two clear
duiing the week.
There
was
rain
on
two
days
days, and the
weather is now cloudy, with indications of snow.
The rain¬
fall reached four inches.
The thermometer has averaged 45,
the highest being 58 and the lowest 34.
Helena, Arkansas.—We have had rain on three days, and
the remainder of the week has been
cloudy. The rainfall
fifty-four
The thermome¬
hundredths.
IO40
1058
Norfolk
i
1012
ter has averaged 49,
1033
1046
38
ranging
from
to
62.
11
11
11
11
Boston
! 10
11
10 34
Memphis, Tennessee.—It has rained on four days of the
Baltimore— i 10 %
1034
103i a)7s
1034
1034
11
ills
Philadelphia.! 11
11%
11%
11%
week,
the rainfall reaching one inch and eighty-five hun¬
10
076
10*8
10%
10%
Augusta .....j
104a
io
10%
dredths.
ia
Memphis— j
1018
10%
10
We had light frosts on the seventh, eighth and
10%
1 0%
St. Louis
104
104
104
J04
10%
ninth.
The
thermometer has ranged from 40 to 61.
10
10%
%
103a
1030
104
104
Cincinnati...}
Louisville
104
ioq
103a
103a
1030
104
Nashville, Tennessee.—It has rained lightly on three days,
and heavily on one, during the
Receipts from the Plantations.—The following table is
week, the rainfall reaching
prepared for the purpose of indicating the actual movement each one inch and fifty-one hundredths. The thermometer has av¬
week from the plantations.
Receipts at the outports are some¬ eraged 51, the highest being 05 and the lowest 32.
times misleading, as they are made up more largely one year
Mobile. Alabama.—We have had showers on two days of
chan another at the expense of the interior stocks.
We reach,
the
week, the rainfall reaching sixty-six hundredths of an
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add inch. The thermometer has averaged 58, ranging from 42 to
that these figures, of course, do not include overland receipts 72.
or Southern consumption; they are
simply a statement of the
Montgomery, Alabama—It has rained lightly on three days
weekly movement from the plantations of "that part of the crop
of the week, the rainfall
which finally reaches the market through the outports.
reaching thirty-eight hundredths of
an inch.
RECEIPTS FROM PLANTATIONS.
Planters are marketing their crop freely, but many
depots in the interior are still crowded. The season's receipts
Week
Jtecviifts at tin’ Parts. j,SVkat Interior Towns. Rec’pts from PlanVns.
are estimated at
fully 130,000 bales. [Receipts for the year
Ending—
1882. ; ISS3. ! 1884. j 1882. j 18SJ. | 1884. I 18S2. I 1883. i 18.8-4.
ended Sept. 1,1881, were 113,452 bales.] The thermometer has
Sept.215
130,479 125,033 118,403 40,0-2 105,778 30,155 153,110 155,631 130,301
ranged from 40 to 72, averaging 57.
Oct.
3
170,S83 105,101 103,721 70,802 137,530' 49,407 210,123 197,21.9 182,003
10
Selma, Alabama.—The early part of the week was clear
206,136 228,897 205,313! 95.075 104,915' 68,108'224,949 250,276 223,924
17
2-42 339 257,270 2-42,289'125,039 202,9TO 92,054 271,093 295,3 il 200,835
and pleasant, but during the latter
portion we have, had rain
24
211,738 2*2,845 285,112 139,317 230,988 129,511 250,010 288,801 321,909
on two
days, the rainfall reaching two inches and sixty-one
31
1250,023 241.921 27<,470'l75,092 270.734 150,05s|292,393 281,069 304,017
Nov. 7
About all the crop lias now been secured and is
202,251 207.004 257,011 211,740 313,219 171,990 293,399 304,119 275,979 hundredths.
14...... 259,151 242,07.3!269,114?241,123 343,929 193,970 291,537
272,753 293,088
marketed
being
freely. Average thermometer 52, high est 65
21
212,109 222,510 258,774 259,175 359,748 229.539 257.221 233,329 239,343
lowest 38,
23
255,097 222,1852,34,692,275,700 371,564 267,133'271,022 237,091 322,2-0
Dec. 5
Auburn, Alabama.—It has been showery on three days of
217,017 265,484 276.30 ''291,370 :W6,477 310,019;202,093 277,397 325,180
12
202.0t5 231.163*2811.457■ 299.528 410,240
the
week, the rainfall reaching one inch and twenty-three
335,451^270,107 304,932 308,889
Tlie above statement shows—1. That the total
hundredths.
The thermometer has averaged 50, the highest
receipts from
the plantations since September t, 1834, were 3,330,441
bales; being 70 and the lowest 41*
in 1883 were 3,328,021 bales; in 1882 were 3,234,412 bales.
Madison, Florida— We have had rain on one day of the
2.—That, although the receipts at the outports the past week
week, the rainfall reaching two inches and ninety hundredths.
were 280,457 bales, the actual movement from
plantations was
308.880 bales, the balance going to increase the stocks at The thermometer has averaged
58, ranging from 40 to 75.
the interior towns. Last year the receipts from the
plantations
Macon,
Georgia.—It
has
rained
on one day of the week.
for the same week were 304,93.2 bales and for 1832
they were The thermometer lias ranged from 35 to 09,
averaging 55.
270.107 bales.
Columbus, Georgia,\.—We have had a good rain during the
Amount of Cotton in Sight Dec. 12.—In the table below
we give the
receipts from plantations in another form, and add week, the rainfall reaching one inch and thirty-seven hunto them the net overland movement to Dec.
1, and also the dretlis. Average thermometer 59, highest G2 and lowest 38.
takings by Southern spinners to the same date, so as to give
Savannah, Georgia.—We have had rain on two days, and
substantially the amount of cotton now in sight.
the remainder of the week has been pleasant.
The rainfall
reached one inch and thirty-two hundredths. The thermome¬
I
1881.
1383.
1882.
1831.
j
1
ter has averaged 59, the highest being 75 and the lowest 44.
Receii> Is at the ports t o Dee. 12 3,071,20 s 2,960,931 2;951,309 _o ,825,63 1
Augusta, Georgia.—It was showery on two days during
Interior stocks on Dee. 12 in
the early part of the week, but the latter portion has
been
excess of September 1
318,230
361,090
233,043
400,111 clear and
!1
pleasant. The rainfall reached one inch and twentyfour hundredths.
Tot. receipts from planta’tns '3,38!), Ill 3,323,021
The thermometer has averaged 57, ranging
3,23 1,412 3 ,2 75.745
Net over] anil to D •eember 1
22 7,855
from 37 to 72.
244,112! 220.910
201,252)
Southern consnmpt’n to Dee. 1
78,001)
87,090'
90.000
70,0 O
Atlanta, Georgia.—It has rained on two days of the week,
the
rainfall reaching seventy hundredths of an inch. The
Total in sight December 12.. 3.005,290 3,070,273
3,563,524 3 ,510,655
thermometer has ranged from 39 to 02, averaging 52*6.
Northern spinners’ takings to
I
Charleston, South Carolina.—We have had rain on three
Deceml >er 12
5S9.0 47
715.713
713,530
833.413
days
of the week, the rainfall reaching two inches and two
It will be seen bv the abo\re that tin} increase in annum t in sight
hundredths. Average thermometer 51, highest 09 and lowest
to-night. as compared with last year. is 19,020 bales, as c ompared
.
.
105ig
10q«
Wilmington
—
10 4 a-46
6
10^16
10716
reached
one
inch and
,
“
“
“
“
“
“
“
“
1
-
....
..
!
,
.<■
with 188 2 is 120,775 bales, and with 1881, is 178,0 U bales.
17.
Columbia, South Carolina.—Telegram not received.
Stateburg, South Carolina.—We had rain on two days
during the early part of the week, but the latter portion has
been clear and pleasant.
The rainfall readied three inches
and sixty-live hundredths. About ninety per cent of the
crop
Galveston, Texa<*.—It has rained on three days of the week, lias been marketed. The thermometer has
averaged
55*3,
the rainfall reaching one inch and
fifty-three hundredths. The ranging from 38 to 08.
thermometer has averaged 04, ranging from 54 to 72.
Wilson, North Carolina.—It has rained constantly on one
Indianola, Tevas.—We have had rain on three days of the day of the week, the rainfall reaching one inch and sixtyweek, the rainfall reaching seventy-four hundredths of an eight hundredths. The thermometer has ranged from 33 to
70, averaging 53.
inch. The thermometer has ranged from 48 to
The following statement we have also received by telegraph,
70, averaging 63.
Palestine, Texas.—It has rained hard on three days of the showing the height of the rivers at the points named at 3 o’clock
week, the rainfall reaching three indies and sixtv-nine hun¬ December 11, 1881, and December 13, 1883.
dredths. Average thermometer 55, highest GO, lowest 30.
Dec. 11, ’84. Dec. 13, 83.
New Orleans, Louisiana.—It has rained on three
days of
Fret. Inch.
Feet. Inch.
the week, the rainfall
.Below high-water mark
12
7
3
7
reaching one inch and eighty-five hun¬
.Above low-water mark.
4
1
13
11
dredths. The thermometer lias averaged 02.
.Above low-water mark.
1
0
12
8
.Above low-water mark.
10
10
Miss ing.
Shreveport, Louisiana.—During the week the rainfall lias
.Above low-water mark.
O
7
T
29
reached three inches and fifty-five hundredths. The ther¬
New
Orleans
mometer lias averaged 54, the
reported below high-water mark of 1871 until
highest being 70 and the lowest 1
Sept. 9, 1874, when the zero of gauge was changed to high40.
water mark of April 15 and 10, 1874, which is 6-10ths of a foot
Columbus, Mississipx>i.—It has rained on two days of the above 1871, or 16 feet above low-water mark at that point.
Weather Reports
Telegraph.—The weather continues
to be quite favorable to the movement of the
crop, and in
consequence it is being freeiy marketed.
#
by
CHRONICLE.
THE
'686
Movement
Cotton
India
from
Ports.
all
We hav
-
fV0L. XXXIX.
Cotton Production
of
te-arranged
received many
impossible to keep out of our figures, as cabled to us for the
Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
keeps the totals correct. We first give the Bombay statement
for the week and year, bringing the figures down to Dec. 11.
bution between the States
our India service so as to make our reports more
detailed and at the same time more accurate. We had found
t
orts other than
Year Great Conti¬
BriVn. nent.
.
.
Total.
Receipts.
Shipment* since Jan. 1.
( Great 1 Conti-
This
Week.
Total.
j Britain j nent.
requests to publish our usual compilation show¬
ing the production of cotton in each State for the crop year
ending with Sept. 1, 1881. As is well known, we do not claim
They have, however, been pre¬
accuracy for these figures.
pared with as much care as we can give them, and we believe
they are approximately correct. Our crop statement published
September 13 made the total crop 5,714,052 bales. The distri¬
6.000!
3.000
0,0
10>359.000|.M)8.000
Since
Jan. 1.
PRODUCTION OF E VC if STATE FOR YEARS
CO
957.000 .to ooo 1,328.000
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of
12,000 bales, and a decrease in shipments of 4,000 bales, and
the shipments since January 1 show a decrease of 95,000 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 ports” cover Ceylon,
Tuticorin, Kurracliee and Coconada.
Shipments since January 1.
Conti¬
Great
Britain.
Great
Britain.
Total.
nent.
42.700
82.500
80,600
1884
1883
Madras1884
1883
All others—
1884
1883
9,000
125,200
93,600
1,300
47,300
56.500
56.500
48,000
500
500
2.500
2,500
121.800
500
77,300
78,000
44.500
500
61,800
139,800
2.500
1,000
2,500
216,300
1,000
213.600
87.200
72,100
203,500
285,700
Total all1884
1883
The above totals for the week show that the movement from
the ports other than Bombay is 1,500 bales more than same
week last year.
For the whole of India, therefore, the total
op
No. Car...
420
455
435
460
390
Car...
443
598
469
575
Georgia...
769
910
798
Florida—
60
57
Alabama..
575
737
So.
00
CO
6
»00
pH
r-4
370
34u|
290
273
523
470
390
335
350
o65
937;
814
750
630
600
559
520
43
60
55
60
50
55
.50
55
531
730
700
595
606
555
615
600
893 1,093
895 1,015
956
805
775
700
7S0
565
495
485
507
400
42 u
585
445
310
855 1,173;
801
784
610
690
680
505
520
590
490
565
390
510
1,100 1,467
529
A rkansas.
575
699
525
675;
607
Tenness
33
»
375
300
380;
331
290
260
235
265
200
50
50
50
70
60
60
50
70
20
e.
‘Total...
55
5,714 6,992 5,136 6.5S9 5
from—
This
week.
Since
Jan. 1.
This
week.
This
week.
Since
Jan. 1.
|
Since
I
Jan. 1.
interesting in this connection to note the conclusions
figures bring us to as to productiveness from year to year
per acre in each State, under the varying conditions of weather
which have prevailed. The average weight of bales last year
was 482#86 gross, which, deducting 6 per cent for tare, would
leave the net wreightat about 454 lbs., against 401 lbs. last year.
On that basis the estimated yield per acre would be as below :
YIELD FER ACRE OF EACH STATE
rounds per acre.
00
x
X
.
CO
X
Cl
rH
X
X
Cl
X
X
r-4
6
X
X
X
X
"
:
-
187-8.
1875-6. 1874-5.
tX
pH
198
177
211
197
190
238
230
188
203
122
171.
127
170
173
169
156
161
140
183
11,500 1.497.500
14.000 1.574.7 >0
7.000 1,730 000
Georgia
117
153
120
149
141
141
146
135
120
122
101
99
72
103
101
115
102
110
108
110
of
ts of c )tton at
we now
receive
a
Alexandria, Egypt.
weekly cable <of
The following
receipts and shipments for the past week and for the
corresponding week of t ie previous two years.
Florida.
.
.
.
.
.
Alabama..
93
127
91
126
Mississippi
166
216
167
200
Louisiana.
239
2CO
235
Texas
161
2 10
220
11
Arkansas
.
Tennessee
4
4
136
1.21
133
125
146
127
206
1711
178
166
191
129
267
265
223
219
235
245
199
1 19
224
167
182: 163
198
205
200
288
199
2 (.2
263
24 l
295
227
251
1.85
199
145
n,5
207
192
1 84
152
162
100
191
144
187
ISO
171
177
169
173
151
the
Alexandria. Eaypi,
December 10.
1682
1883.
18S4.
;
j
Receipts (cantars*)—
This week....
Since Sept. 1
2 r 0.000
!
1.693.0C0
1
This
week.
Exports (bales)—
Since
Sept. 1.
1
!
210,00)
1,532.000
Since
| This
160,000
1,176,000
j
j week. Sept. l.|
This
week.
Since
Sept. 1
20.000 136,000
Liverpool
11,000
48,0 JO!
10,00) 109,000 19,000
5,000 42,coo; 5,000
!31,OOO1184,000H 15,000
Europe
A\ erage.
149
'
|
Note.—For tue purposes of this table we have taken the average net
weight of bales, which in 1883-81 was 454lbs.; in 1882-83 was 461 lbs.;
in 1881-82, 44711)8.; 1880-81, 457 lbs.; 1879-80. 452 lbs.; 1878-79,445
lbs.; 1877-78. 451 lbs., and for previous years 440 lbs.
European Cotton Consumption to December 1.—We have
to-day (Friday), by cable. Mr. Ellison's figures for
We give also the revised
figures for last year that comparison may be made. The
spinners takings in actual bales and pounds have been as
received
November and since October 1.
.
To Continent
90.000
19,000
151,000 24,000 109,000
follows.
A cantar is 93 lbs.
This statement shows that the receipts for the week
Dec. 10 were 200,000 cantars and the shipments to all
ending
Europe
.
Great Britain.
From Oct. 1 to Dec. 1.
Manchester Market.—Our
report received from Manchester
to-night states that the market is flat. We give the prices
for to-day below, and leave previous weeks’ prices for com¬
parison.
1883.
1834.
Takings by spinners...bales
Average weight of bales
Takings in pounds
8*4 lbs.
Cop.
Shirtings.
twist.
.
d.
d.
s.
Oct.10 85i(5® 87e 5
“
17 84 38U{ie 5
u
04
“
35^-81^6
31
85ift—
Nov. 7 «U»-8
14 87,
21
“
3L>
to
28 89,
Dec. 5 39ik®
"
12 8*2 to
i-hf
9
9
OotVn
Mid.
5
5
5
5
5
9*6 5
9*8 5
9*8 5
d.
a.
d
5*236 10*2
5*236 10*2
5*o 36 10 *0
C,*a® 7 0
6 *3 ®7
0
8
to7 1
9
to7 2
9
to 7
2*o
to>7 3
9
®7
1
8
Upl
>8
d.
5 ii’ifi
5*2
•h7ia
5>7i*
53*
5131P
o13l0
57*
32j Cop.
Iwisi.
d.
d.
87!^® 9
8? iq to 9
89i<3® 9
S7u-.® 9
8* i«® 9
S
3"
8*2 ® ‘9 *8
858 ® 9*8
8^ to 9*8
9
\Ootti
1
1
jjpie
0.
8*4 lbs.
•
R.
0
5
5
5
5
5
5
5
5
5
Shirtings.
d.
8.
6 to7
6
to7
7 to 7
6
to 7
6
to7
to7
6
7
to7
7
to7
7
to7
8
to7
d.
d
IV: 6*8
1 *2! 5*o,
1
1
;
*21 6
*2| 6
1*2
IV
l*2i
1 *2
5*5,
57*
5V
6
IV 57*
2*3! 5l;q
732,000
515,000
1,245,000
>
437
521,'=5 0,000
218,875,000
513,725,000
669,000
482,000
1,151,000
424
424
424
283,656,000
201,368,000
488,024,000
445
42
For 1883.
Takings by spinners.. .bales
Average weight of bales
Takings in pounds
....
32s
Total.
Continent.
For 1S84.
31,000 bales.
“
6
t^6
177
Liverpool and Alexandria,
Total
1879-0,
X
So. Car....
Alexandria Receiits and Shipments.—1Through arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
*
t-
P
No. Car..
This last statement affords a very interesting comparison
the total movement for the three years at all India ports.
To
FQR YEARS NAMED.
5,000 1,430,000
2.00 Ji
300,090
2,500
are
1,485 4,669 3,833
13.000 1,289.000
1,00 J
285,700
9.000 1,194,000
All other ports.
movemei
3,074 4.811
303,500
Bombay
the
4
It is
I
Total
O
l
these
ci
Shipments
11 all Europe
1.
j
340
Mis’sippi..
States.
1882.
NAMED—(009.5 omitted.)
1
1
EXPORTS TO EUROPE FROM ALL INDIA.
1883.
Previous
187-9. 187-8. 1876- . 1875-6. - 1874-5j.
C5
00
00
shipments since January 1, 1884, and for the corresponding
periods of the two previous years, are as follows:
1884.
follows.
as
Louisiana.
All others
Calcutta—
6
CO
1863-4.
States.
Texas
Total.
Continent.
18-2.
r-4
op
0)
'decrease
Shipments for the week.
find to be
we
add for comparison. No one, we hope, will care¬
lessly mistake these results for an estimate by us of this year’s
crop.
We throw" out this hint because last year similar figures
of ours were so used by some of our exchanges.
6,000: 9.000 511,000 683,000 1,194,000 16,000 1,627,000
3.LOO 13,000:477,000|8 12,000 1,289.000 23,000 1.721.(00
2,000j 5,OoO 792,000 633.000 1,430.000 20,000 1,731,000
1384 3 000
1383 10,000
1382 3.000
1*«1
_
1883-4.—We have
in
years we
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments this week\
Each State
’
According to the above, the average weight of the deliveries
pounds per bale to Dec. 1 this season,
against 424 pounds during the same time last season. The
Continental deliveries average 425 pounds, against 42f pounds
last year, and for the whole of Europe the deliveries average
437 pounds per bale, against 424 pounds last * season.
Our
dispatch also gives the full movement for this year and last
year in bales of 400 pounds each.
in Great Britain is 445
DECEMBEi 13, 1884. J
THE CHRONICLE.
1834.
Oct. 1 to Dec. 1.
Bales of 400 lbs. each,
000s omitted.
This statement shows that the
receipts since Sept. 1 up to
to-night are now 193,263 bales more than they were to thesam©
1333.
Great
Conti¬
Britain.
nent.
89,
409,
152,
233,
241,
642,
385,
Consump. Oct., 5 wks.
49S,
360,
330,
833,
690,
Spinners’ stock Nov. 1
Takings in November.
138,
403,
55,
314,
193,
717,
541,
238,
369,
26 4,
Great
Conti¬
Britain.
nent.
124,
QTO
401,
193,
525,
571,
493,
3G0,
600,
330,
1,096,
j
136,
337,
270,
312,
406,
649,
910,
552,
;
473,
2S8,
5S2,
264,
1,055,
552,
358.
i
135,
318.
503,
Total.
Total.
Takings in October...
Total supply
Total
supply
Consmnp. Nov., 4 wks.
Spinners’ stock Deo. 1
253,
105.
The comparison with last year
j
is made
more
.
690,
striking by
bringing together 'the above totals and adding the
average
weekly consumption up to this time for the two years:
Oct. 1 to Dec. 1.
1884.
Bales of 400 lbs. each.
000s omitted.
Spinners’ stock Oct. 1.
Takings to Dec. 1
Supply
Consumpt’n 9 weeks.,
Spinners’ stock Dec. 1.
Great
Conti¬
Britain
nent.
89,
901,
648,
Total.
241. 1 i
Conti¬
nent.
Total.
124,
709,
401,
511,
1,220,
1,600,
1.242, |
1
833,
648,
912,
594,
1,745,
1 2 42,
!
135,
j
R359,
105,
Great
Britain
358,
313,
525,
503.
Weekly Consumption,
00s omitted.
In October
In November
66,0
66.0
138,0
72,0
CG,0
13S,0 1 i
72,0
66,0
138,0
133,0
The
foregoing shows that the weekly consumption in Europe
is still 138,000 bales of 400
pounds each, against 138,000 bales
of the
the total for the
an
same
period of the previous year.
exports of Cotton (bales) from New York
since 8ept. 1.18S4.
Week
.
Exported to—
P~
3,83 L
ending—
Xor.
27.
!
Dee.
Same
Total
since
previous
Sept. 1.
year.
Dec.
1 ll-
period
7.437 10.003 14.6 43 165,572
137,069
Other British porta
3,503
Total
7,334 10,512 11,012 16,016 189,172
152,693
to
Great Britain
3,075
1*039,
1,173
23,600
15,624
|
Havre
Other French porta
3,335
Total French
3,33 o
1,207
2,336
Bremen
1,548
949
2.444
3,186
714'
1,206
1,297
4»3»5
2,033
5,259
8,510
3,953
1.207
2,093
2.145
20,050
233,
Hamburg
Other porta
Total to North. Europe
72,0
72,0
this week show
increase, as compared with last week, the total
reaching 21,702
bales, against 18,489 bales last week. Below we give our
usual
table, showing the exports of cotton from New York, and then
direction, for each of the last four weeks; also the total
exports
and directions since September 1,
1881, anl in the last column
Liverpool
699,
594,
253,
to December 12 in each of the
years named.
The Exports of Cotton from New York
1883.
152,
547,
812,
day of the month in 1883 and 258,453 bales more than
they were
same day of the month in
1883. We add to the table
the percentages of total port
receipts which had been received
to the
-
Spinners’ stock Oct 1.
687
2.145
A.11 other
""50 i’.iss
Total Spain, &c
50
Grand Total
1,183
20,573
18,611
12,415
492
11,653
1.646
3.311
31.190
15,962
33,189
17,463
5,449
76,062
45,870
3,400
j
3pain, Op’rto,Gibralt’r,&e
18,611
513
1,092
5,062
2,993
1,775
1,092
6.462
4,668
15,958 20,279 18,139 24,702 •292,274 221,842
weight at the corresponding time last year. The
The Following are the Gross Receipts of
spinners' stocks in Great Britain and on the Continent
Cotton at
have increased 165,000 bales
New
York. Boston, Philadelphia and Baltimore for the
during the month, but are still
past
145,000 bales less than at the same date of last
week, and since September 1. 1884.
season.
Jute Butts, Bagging, &c.—There has been
a good demand
New VORK.
for bagging in the various
Boston.
Philadei.ph’a j Baltimore.
grades, and sales are reported of
Receipts
1,500 rolls. The market continues very firm in
This
Since [ This
Since
Tnis
from—
Since
This
tone, with
Since
some sellers
week. ’ Sept. 1.
looking for an advance. There is nothing press¬
j week. Sept. 1. week. Sept. 1. week. Sept. 1.
ing on the market and the sales making are at full
1
New Orleans.
4,730
04,334
1
closing at S?4C. for 1}4 lb., 9l4'c. for \% lb., 10c. for 2 figures,
8.35-2
lb. and Texas
130,881
IO34C. for standard grades. Butts have been fairly active since Savannah.
5,838'
98,817
942
S'
20,510
0,013
820
32,9 04
our last for
Mobile
paper qualities, and 4,000 bales are reported
|
placed
at 1
and these figures will still
443
Florida........’
800
3.555!
1,770
800
buy. Only a light
trade is doing in
Carolina..
5,820
05.872
1,853
415
0,741
0,002
bagging grades, with sales of 1,000 bales at So.
07
13,833
No. Carolina..
770
12.190
2/14@217c. as to quantity, .the market closing at these
8,583
! 1,551
same
total
i
••••••
..
•
figures.
Comparative Port Receipts and Daily Crop
Movement.
—A comparison of the
port movement by weeks is not accurate,
the weeks in different 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
movement for the years named.
The movement
as
September, 1884, and previous
Tear
Monthly
Receipts.
1884
1883
years,
Beginning September
1882.
|
8ept’mb’i
345,445
343,812
320,Got i
October.. 1,090,335 1,046,092' 930,534
Novemb’i 1,122,164 1,030,380 1,094,697
Total year 12,557.99 4
Perc’tage of tot. port
receipts Nov. 30..
has been
1881.
429,777
853,195
|
i
39 90
follows.
1.
1880.
47 81
1879.
453,478
333,643
968,31S
833,492
942,272
974,043 1,006,501
2,420,294; 2,401,937 2,257,015
49 90
during
as
2,433 297 2,104 407
41-42
43 27
This statement shows that
up to Nov. 30 the receipts at the
ports this year were 137,710 bales more than in 1883
and
156,057 bales more than at the same time in 1882.
By adding
to the above totals to November 30
the
that time, we shall be aide to reach an daily receipts since
exact comparison of
the movement for the dilferent
years.
1894.
1S83.
1832.
1881.
1880.
1879.
Tot.Nv.30 2,557,99 4 2,420,284 2,401,937
2,257,015 2,433,297 2,16 4.407
Dee. 1
51,576
32.561
40,400
36,567
26,647
52,179
“
2....
34,792
8.
30,6" 3
51,332
29,216
“
30,886
3...
31,488
49,256
8.
34,006
48.S97
23,110
“
4...
30,573
46,652
8.
50,747
30,316
25,675
“
5...
69,323
49.5S3
40,832
54,134
8.
49,603
“
6....
42,484
35,3 LG
41,373
31,799
63,166
36,C45
“
7....
8.
52,116
27,721
30,136
36.174
S.
8....
53,026
54,997
55,741
40,865
29,263
43,236
“
9....
8.
35,659
40,256
47,904
25,055
31,502
“
10....
29,964
8.
57,783
39,377
59,133
“
37,914
11....
43,651
40.050
8.
48,904
41,993
“
33,164
12...
84,643
3 i,20r
34,347
50,059
8.
50,014
Total
3,071,208 2,S72,9 45 2,812,752 2,673,494
2,823,187 2,586,011
Percentage of total
port rec’pts Dec. 12
59-23
4G-72
56-621
45-06
51-73
Virginia
10,717
North’n ports
Tennessee,&c
Foreign
93.108!
4,510
3S0'
29,735
29,141
54.703
2,700
18,738
2,344
8,005
133
2.170,!
20
20
4,250
15,793,
3,237
!
1 109
11,583
•••«•
57,818
2,200
1
This year...
39,545
520,351 j 18,974
112 002
5 8.37
40.021
5,075
110,204
Last year...
40,080
50 2,010!
143.108
2,038
41,834
4,913
110,703
13,731
Shipping News.—The exports of cotton from the
United
States the past week, as per
latest mail returns, have reached
256,141 bales. So far as the Southern ports are
concerned, these
are the same
exports reported
the Chronicle last
by telegraph, and published in
Friday.
With regard to New York we
include the manifests of all vessels cleared
up to Thursday
night of this week.
New York—To
Liverpool,
r>er steam ora
Total bales.
Adriatic, 817
Esypt,
1.788
Germanic. 1,870
Hipparchus, 1,88 4
Lake
Manitoba, 9,573. ...Oxenholme. 3,360
St-rvia, 728
Sirius, 1,548.. ..Wyoming 1,275
14,843
To Hull, per steamer Rialto, 1,173
1,173
To Havre, per steamers Boskeuna
Bav, as9
St. Germain,
1.256
2,145
To Bremen, per steamers Fulda. 35
Main, 457
402
To Hamburg, per steamer Bohemia, 1.616
1,646
To Amsterdam, per steamer
Zaand.im, 050
950
To Antwerp, per steamers P. D.
Ceninek, 11,192. ..Waesland,
769
1,961
To Copenhagen, per steamer Island, 400
400
To Genoa, per steamer East Angles, 692
692
To Trieste, per steamer East Angles,
460
460
NEW Orleans—To Liverpool,
per steamers Buenaventura,
3,400
Caribbean, 2,914
Carol ns, 3,950.. .Chancellor,
4.010
Federico, 5,100
Guido, 7.2.50— Sculptor,
2,984
Tannulipas, a,812
West Indian, 2,888
37,338
To Grimsby, pi r steamer
Regina, 0,230
6,280
T i Havre, per steamers
Galveston, 5,272
Jason, 2,19 4
--
Propitious, 4,962
4,900
Rhodora, 6,500...per ships Cashmere,
Rheola, 3,605...
liandel, 2,149
lliobinia,
?
5.500
per
bark Frei20,078
To Sebastopol, per steamer Narva,
5,17.5
To Barcelona, per steamer
Redewater, 3,6-2
To Salerno, per bark Domenico
Lanata, t,60O.
To Genoa, pi r steamer South
Tyne, 2,209
To Trieste, per steamer South
Tyne, 1.003
5,175
3,682
1,600
Charleston—To Liverpool, per steamer Ilartbura, 3,%5s
Up¬
land and 728 Sea Island
per barks Capmhurst, 1,750
Upland and 47 Sea Island
Dagmal, 1,350 Upland and
27 Sea Island
Sibal, 1.772 Upland anil 17 Sea Island
Susan L. Campbell, 2,400 Upland
land
To Havre,
2,209
1,003
Unanima, 2,376 Up¬
per
1,600 Upland
barks Cundeur,
1,350 Upland
14,325
Medbor,
2,950
THE CHRONICLE.
688
Total
-
Upland and 150 Sea Island
1,200
1,200
50
—
4,200
5,550
1,825
-
978
919
1,406
300
4,700
8,853
8,709
1,000
particulars of these shipments, arranged in
G,197
1,612
our
Havre, steam—c.
710*
7ie*
710<
V
V
....
....
38^
38*
V
sail
37,338
-Do
sail
c.
....
38*
Hamburg, steam.c.
saih.-.c.
Do
....
sail...c.
Do
6,280 17,252 20,078
2,950 4,150
50 15,013
24.702
5,175 104.637
3,335 33 831
20,003
5,625
Wilmington
No 'hoik
4.700
8,853
Baltimore..
8.700
Boston
0.197
0,197
Pliiladelp’a
1,612
1,012
Total... 128.196
978
3,358
2,490
5,550
4,200
......
52,641
919
9.-28
4,700
8,853
9.700
1,000
7.453 33.3S5 42,293
1U4G9
8,350
8,510 256,141
Included in the above totals are from New York to Genoa, 692 bales
and to Tiie.-te, 400 bales; from New Orleans to Barcelona. 3,082
bales, to Salerno, 1,090 bales, to Genoa. 2,2o9 bales and to Trieste, 1,003
bales; from Charleston to Bareelo.ia, 3,363 bales; from Savannah to
Genoa, 1,825 bales; from Galveston to Naples, l,4u6 bales and to Vera
Cruz, 30o bales.
Below we add the clearances this week of vessels
cotton from United States ports, bringing our data
carrying
down to
the latest dates:
.
—
.
11-Steamer Femptos,
.
Boston—For Liverpool -Dm*. 5—Steamers Bulgarian. 1.510; Palestine,
1.692
Dee. 9 — Steamers Border.it*.
; Virginian,
Baltimore—For Liverpool—Dee. 8—Steame.s Hanoverian, 3,42 i; Ness.
1,131.
Princess, 1,931.
give till news received to date of disasters to vessels
carrying cotton from United States ports, &c.:
*
we
sail
....
c.
Parthian, steamer (Br ). from t’harleston, Nov. 22. for Bremen, arrived
in tin* K ig.ish channel, Dee. 9, with loss of three blades of her
propeller.
(Br ). from Savannah, Nov. 15, for Bremen, went
ashore on Tors helling Island, A. M. of Dee. 1. tilled, and shortly
afterword begun to luvak up. Twenty-six bales of cotton, out of
her cargo of -.73 > bales, h ul been lauded.
’Wilton, steamer (ID-.), at Savannah, for B ireelona. Fire was discovered
Tinemoi nt, steamer
on steamer
Wilton
on
December 9.
Jennie Parker, bark (lb.), for Havre, ran aground' on Lawson Shoal,
Charleston, Deo. 7.
v part of her cargo was placed m lighters
and slu* was towed otf and anchored. Surveyor recommended that
she he towed back to the city as she sustained damage by going
ashore.
jSgot’s Bay. bark (Br.) at Norfolk, loaded for Liverpool, was run into
by schooner Joi n 8. Bccham at Key noil’s wharf, Norfolk Harbor,
.
.
mm
1352*
1332*
V
V
V
....
....
....
....
55f
....
.
m
55t
....
m
m
m m
m m
551
....
....
....
....
....
....
....
932*
932*
932*
58*
°8*
13€4*
13,4*
13<=4*
«8*
t Per 100 lbs.
Liverpool.—By cable from Liverpool, we have the following
sales, stocks, &e., at that port. We
add previous weeks for comparison.
statement of the week’s
Sales of tbe week
bales.
Of which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount alloat
Of which American
Xov. 29.
Dec. 5.
63.000
7,COO
5,000
69,000
8,000
37,000
13,000
37,000
8,000
24,000
430,000
247,000
7.000
41.000
423,000
228,000
84,000
93,000
78,000
68.000
273,000
262.000
246,000
257,600
Dec. 12.
47,00c
4,00<
3,000
45,000
29.000
27,000
5,000
5,000
11,000
10.000
39.0)0
428.000
42,000
503.000
250,000
87.000
7L.00C
32l,00u
316,000
163,000
130,000
296,000
307,000
284,000
The tone of the Liverpool market for spots and futures each
day of the week ending Dec. 12, and the daily closing prices
of spot cotton, have been as follows:
Saturday Monday.
Spot.
Market, (
Moderat c
demand.
\
12:30 pm.
Sales
Tuesday.
Barely
Very Arm. supported
513l6
5i5ie
51516
blis
£>15ie
6QS
8,000
10,000
1,000
1,000
8.000
1.000
Busy at
F rm at
8-til ad¬
Steady.
Mid. Upl’ds
Mid. OtTns.
...
exp.
Wednes.
Tfiursd’y.
Friday.
Easier.
Quiet,
Weak.
5'8
57g
6
6
7,000
1,000
578
6
„
8,000
1.000
7,000
1,000
Steady.
Steady.
Futures
Market, (
12:30
p.m.
^
1-04 de¬
cline.
?
{
Market,
5 P. M.
Steady
at
2-M4 de¬
cline.
vance.
Quiet
Dull.
Steady.
Quiet
but
but
st=;ady
steady.
Bare’y
Barely
steady.
SLUHU>.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are On the basis of Uplands, Low Middling clause, unless
otherwise stated.
tgiP The prices
5
yieen in pence and 6Uhs, thus:
are
62-64rf., and 6 03
Sat.
Dec. 6.
Mon., Dec. S.
Low. Clos.
5 50
December.
(
!
_
lupm
-
|, d.50
5
d.
d.
d.
d.
5 50
5 50
5 59
5 -59
5
■
means
Tues., Dec. 9.
Open High Low. Clos.
1
d.
5 62
6 3-Old.
means
i
Open1 High
d.
e1'
High Low. Clos.
d.
d.
d.
d.
5,>
5 57
5 58
5 57
5 58
d
Dec- Ian....
5 50
5 50
5 50
5 50
5 52
5 53
5 58
5
5 57
5 58
5 57
5 58
Jan.-Feb—
5 52
5 52
5 52
5 52
5 00
5 (30
5 59
5 5
*
5 58
5 59
5 58
5 59
Feb.-March. 5 55
5 55
o ;>.•}
5 55
5 03
5 d3
5 03
5 0 .3
5 01
5 03
a
61
5 03
5 50
5 59
5 59
5 c9
0 03
(3 03
(3 02
0 02
0 Ul
0
02
(3 01
0 02
5 <13
5 03
5*33
5 03
0 07
0 07
0 00
0 (Hi
0 01
0 00
O 04
0 00
March-Apr.
April-May..
May- tune..
J une-July..
July-Aug...
d 02
0 02
0 (2
6 02
0 10
0 10
0 10
*3
10
6 0S
0
09
0 OS
0 09
0 0(3
(5 00
0 03
0 00
0 14
(3 14
0 1 4
0 14
*3 11
0 13
*3 11
0 13
0 10
0 10
0 10
0 10
| 0 18
0 IS
0 17
0 ;;
0 15
0 10
015
0 10
Vug.-Sept...
....
....
....
Sept.-Oct...
—
....
....
Oct .-Nov..
....
....
....
..
....
.
....
...
.
.
.
....
....
.
|
....
....
■
..
....
.
•
••
....
....
....
....
!
Wednes., Dec
Open1 High
damaged ;*y water. 'Pli** loss to the cargo will hi*, between $ >0.600
and $4o,0no.
Tise. vessel is only slightly damaged.
of cot ton
....
....
....
Compressed.
have sailed for New York on that day. Tiie
Augusta, which was
lire was not extinguished nut.I the steamer had been lilled with
water.
Abmt 1,9*0 bales of cotton are either partly burned or
o* cargo
....
....
1332*
55t
55t
City of Acgi st -., steamer, at S tvannah, loading for New York. A live
was discovered "ii Decemb *r 10 in tin* hold of the steamer Citv of
in t
1364-732* l3e4~732* 13e4“732*
932*
Barcelona,8team.c.
932*
932A
Genoa, steam
c.
916*
916*
916*
V
Trieste, steam...c.
Antwerp, steam..c.,3lb-i3e4* 3lt-1364AJ 3ift-13e4*
Spec. &
Galveston—For Liverpool- Dee. 6—Bark Mersey, 3,292.
For Havre—I>ee. 8—Baric Griqua, 1.047.
New Orleans—For Liverpool—Dec. 0—Steamers Architect, 4.270;
Caxton, 7,-2 ; Counsellor, 4,300; Ealiig, 5,400
Dec. 10—
Steamer River Clyde, 2 32-6
For Havre—Dec. 5—Ship City of Boston, 3,156
Dec. 0—Ship
William Tapseott, 5,371—Dec. 10-Steamer Queen, 4,819.
For Bremen—Dec. U—St-amer Tarpeia, 3.700.
For Hamburg—Dec. 5—Steam -r Suit -n, 650.
For Malaga—Dee. 5—Bark Alfa, 1,500.
For Genoa—Dec. 0—Steamer Castleton, 4,103.
Pensacola—For Liverpool —Dec. 9—Bark Ayvila,
Charleston—For Liverpool- Dec. 6—Bark Winona, 2.100
Dec. 8
Bark Wads-a, 2,5-3
Dec. 10- Bark Douglas Campbell, 2,430.
For Havre—Dee. 0—Bar e Jennie- Parker. 3,141.
For .Barcelona—Dec. 6—Bark Luciano Serra. 1,300.
Savannah — For Liverpool—Dec. lo— Steamer Ardanrigli, 3,034.
For Bremen—Dee. 5—Steamer Seaw Fell, 6,000.
For Amsterdam —Dee. 8—Steamer Madrid. 4,902.
For Barcelona —Dee. lO—Bark Giiglielmo C. Stanford. 821.
Wilmington—For Liverpool—Dee. 5—Bark Fidelio. 1,563.
For Bremen—Dee. 5 —Brig Sven, 1,2,0...Dee. 9— Bark Teviof-, 1,468.
Norfolk—For Liverpool—Dei*. 8 B irks Af. Ar E. Cann, 2,6.0; Scot’s
Bay, 3,504
Dee. 9--Bark Fmi ie I.. Boyd, 4.669
Dee. 10 —
Ship Ansriia, 10,3:1 ...Dec. 11-Steamer Lord O’Neill,
For Havre— D. e. 9—Bark Bacchus, 2.813.
West Point—For Antwerp-Dee. 5—Steamer Renpor, 5,121.
Newport News—For Liverpool—Dee. 8—Bark Niagara,
Dee.
Philadelphia— For Liverpool- Dee. 9—Steamer British
Fri,
d. 516®38* b1G®38* 5160'38* 1132~516* 516“1132* 516~11S2*
Reval, steam
Do
.....
551
Amst’d’m, steam.c.
—
Totat.
Savannah..
Galvest »u
>
Thurs.
c.
Bremen, steam..c.
Xov. 21.
Amstcr- Herat,
dam, Rot- (lot tenHull
terdam
bury,
and
Bremen and
Copen(£
Itam- Ant- ha yen <f- SebasLiver- (inmsHavre
burn. wevp. Beryen. iopol.
pool.
by.
14,813 1,173 2.14) 2,138 2,91 L
400
14.32
Below
....
Wednes
usual
Charleston.
more.
732*
....
follows:
are as
.
732*
....
1,042... Iberian,
256,141
New York.
N. Orleans.
73 2*
sail...d.
5,625
Sussex, 3,235
Total
The
Liverpool, steam d.
15,013
1.212....Iowa, 1,873....Kansas, 2,070
Philadelphia—To Liverpool, per steamer Lord Clive, 1,012
form,
Tues.
Do
on
follows:
as
Mon.
26,003
...
Peruvian, 1,532
week have been
Satur.
Do
Upland
To Rotterdam, per steamer Paxo, 1,000
Boston—To Liverpool, per steamers Catalonia,
She cleared
3,303
barks Boroma, 2,500 Up¬
George B. Doaue, 3,3oO
.
materially injured.
Liverpool.
Cotton freights the past
3,358
3,335
Coniston, 6,161 Upland
To Havre, per bark Noi denskjold, (additional) 50
To Bremen, per steamers James Watt, 4,155—Lufra, 4.552
Romeo, 0,306
To Amsteidam, per steamer liar-ley, 4,200
To Reval, pe r steamer Lauri siine, 5,550
To Genoa, per bark Olaf Glas, 1.S25
Galveston—To Liverpool, per steamer Soutliwood, 3,021—per
bark Marco Polo. 2,001
To Havre, per bark Aeon, 978
To Bremen, per brig Doctor Lasker. 919
To Naples, per bark Immanuel, 1,100
To Vera Cruz, pcr steamer Whitney, 300
Wilmington—To Liverpool, per ste amer Elstow, 1,700
Norfolk—To Liverpool, per ship Warrior, 0,177—per bark
Jafct II., 2,37o
.Baltimore—To Liverpool, per steamers Oraumore, 3,933
The bark was not
on
4,150
Savannah—To Liverpool, per steamers B. F. Mattnews, 4,675
N( rmantor, 6.524JUpland
per
land
Cyclone, 2,033 Upland
Dec. 6.
the 8th for
bales.
To Bremen, per steamer Romanby, 4,150
To Antwerp,* per steamer West Cumberland, 3,350 Upland
and 8 Sea Island
To Sebastopol, per steamer Argo, 3,335
To Gottenburg, per bark Apotlieker Dresicg, 1,200
To Bergen, per bark Miude, 1,200
r.
To Barcelona, per barks Linda, 1,100
Voladora, 2,263
[VOL. XXXIX.
10.
Thurs., Dec. 11.
Low. Ulos.
Open Hign
Lou-
A
d.
d.
d.
d.
December..
5 50
5 50
5 55
O OJ
; 5 5(3
5 50
Dec.-Jan....
5 50
5 50
i) 0 5
5 55
5 5»>
5 50
Jan.-Feb
5 57
D
<J 4
5 57
5^7
5 3.S
5 5-'
Feb.-March. 5 01
5 01
501
5 01
5(31
March-Apr. 6 10
0 00
d
00
d 00
0 01
April-May.. 0 04
May-June.. 6 07
0 11
June-Uily
July-Aug... 0 15
0 04
0 04
(5 04
0 04' .004
0
0 07
0 07
0 07
0 08
0 08
0 !1
0 11
d 11
0 12
0 12
6 15
0 14
d 14
0 15
0 15
...
.
Aug.-Sept...
Sept.-Oct..
Oct .-Nov....
....
....
....
....
...
...
....
....
....
! d'
i
..I
...
CVe.,.1 open High Low. Clos.
d.
d.
d.
d.
d.
5 fa
5 ;2
5 53
5 52
5 53
5 53
5 f5
5 52
5 53
5 52
5 53
5
50
5 5a
5 54
5 55
5 51
5 55
5 01
5 00
5 CO
5 58
5 53
5 58
5 58
6 01
5 PS
5 63
5 01
5 dl
5 01
5 61
03
0 03
0
0.J
0 01
0 00
0 01
0 07
0 07
0 01
6 05
6 04
0 05
0 11
*1 1 i
0 08
(3 09
6 OS
6 09
6 14
0 14
6 11
0 12
0 11
0 12
*
n.
a
55
|
....j
....
....
....
....
....
....
....
.....
....
...
....
...
....
...
i
Frl., Dec. 12.
i
1
....
....
....
....
•.
*s
December
13, 1884 |
THE
CHRONICLE
BREADSTUFFS,
Friday, P. M
The extreme low
prices for flour which
,
The comparative shipments of flour and
grain from the same
ports from Dec. 24, 1883, to Dec. 0, 1884,
inclusive, for four
years, show as follows:
December 12, 1881.
were
quoted in
68 9
our
last did not serve to stimulate trade to
any appreciable extent,
until within the past day or two.
In fact, the further decline
in wheat led to demands for additional concessions to
Flour
buyers.
Wheat;
1883-34.
bbla.
1882-33,
11,295,324
9,265,914
1881-82.
8.304,280
bush.
61.747.264
45.S76.230
52.875.062
1880-81.
8.266,3 56
47,115,930
latterly trade has become more active and prices are Corn
79,662.576 102.051,287
64.561.754 107,674,840
Oats
50,222.630
steadier.
43.593,353
Still, dealings show no increase over an average
31,83 >.255
32 643.758
Barley
5.431,954
9.509,631
business, and but a moderate degree of
5.063.060
4 575.079
activity is looked for Rye
5,936,825
5,(383.657
3,102.96 3
2,251.486
till after the holidays. Rye flour and corn meal are
firm, but
Total grain
buckwheat flour shows some depression.
205,001,299 211,714,211 100,436.093 194,261,093
The depression in wheat
arising from the free marketing of
Below are the rail shipments from Western lake
their crops by the farmers of the
and river
Northwest, which was ports for four
years:
noticed at the conclusion of our
last, continued without re¬
1884.
1S83.
13S2.
1881.
lief for the first half of the week under
review, until prices
Week
Week
Week
Week
reached figures among the lowest
quoted in this century. A
Dec. 6
Dec. 8.
Dec. 9.
Dec. 10.
steadier feeling followed, a3 was natural under the circum¬ Flour
280,219
226,412
122,613
stances, arising from a demand to cover contracts, and some Wheat
bash.
246,226
462,874
revival of speculative confidence,but no decided
308,772
228.655
.1
1,369.55 3
improvement, Corn
S-16,423
865,-166 1.131,824
took place. The milling demand continued
Oats
510,623
664.319
quite moderate,
361,186
365,536
but fine qualities maintained their values, and
Barley....
172,497
2 89. '*0 L
219.326
168,705
yesterday
there
Rye
24,179
38.2 80
was a very full business for
42.981
31,568
export, some 200,000 bushels hav¬
ing been purchased, the influence of which was felt to some
Total..
2.301,397 1,797,733 1,926,288
extent in speculative circles.
To-day, however, the impor¬
The
exports
from
the
several
seaboard
tant failure reported from Vienna bad a
ports for the week
depressing influence, ending Dec. 0, 1881, are shown in the annexed
and prices receded a fraction; still no marked
statement:
depression of
tone could be noted,
although the Western markets were Exports
But
............
....
...
.
,
.
...
«..
...
weak.
from
DAILY CLOSING PRICES OF NO. 2 RED
WINTER WHEAT.
Bat.
December
delivery
January delivery
February delivery
34^
Mon.
84
Tucs.
84
79
78*4
78r>8
8<> h*
S2k»
847k
8 0*2
82 7s
81*2
837s
86
8814
May delivery..
Indian corn showed
erable increase in
Tli
84
urs.
Fri.
84q
83is
Wheat.
-
Corn.
Bush.
-
•
-
•
m
79
8
82r»si
m
80*4
80 s8
83 >8
8 5 l4
83
874
875s
8 5i4
87 >2
83 Hi
8 J r,8
89 *i
81*4
87
89
more steadiness, and
at times a consid¬
strength has been apparent, although the
Oats.
Bbls.
Bush.
105,863
136,067
30.592
40
11,664
29,722
206,295
55,000
175,695
12,003
2,143
25,617
918,137
73 2,994
181,133
665,388
Port.anti.
Montreal.
Phila lei..
BaliinTre
N. OtTns.
N. News.
16,732
Total w’lc.
S’me tint ;•
1883.
Flour.
Bush.
351,192
New York
Boston
.
8514
87
89 ta
90 Ha
TVied.
.
Rye.
Peas.
Busk.
Bush.
.
6,095
70,3 43
4,114
75
5,554
56,009
320
575
15,682
6,490
86,025
60,089
possibility of a “corner'’ on December contracts seems to have
959,826
833,600
205,254
3,123
been wholly removed.
69,783
21,652
Yesterday there was a pretty good ex¬
port demand, and a brisk speculation caused a fractional ad¬
The destination of these exports is as below.
We add th
vance in prices for the later deliveries. To
day, however, there corresponding period of last year for
was a pretty general decline, the
comparison:
secondary qualities of ship¬
ping corn afloat showing a marked depression, the sales includ¬
Flour.
Wheat.
Corn.
ing No. 3 at 47c.
..
DAILY CLOSING
PRICES OF NO
Su(.
56
Mon.
January delivery
February delivery
March delivery
51 Hi
17Ji
17
47
50 ‘2
47 >4
46 Hi
46 *2
May delivery
46-4
46*8
In elevator.
December delivery
April delivery
56
Exports
2 MIXED CORN.
Tucs.
56
Wed.
56
531s
48*4
47*8
47*8
4 7-Ha
....
47 J4
46 Ha
4
....
....
46*8
Th urs.
53 H2
53 >2
-Is
47 Js
47*4
47 >4
46 ;‘>8
46 L,
46r,a
46
46 Hj
*4
ing yesterday as high as 33;{^c. for February and 34?gC. for
May; but to-day there is renewed depression, with the close at
325gC. for January, 33c. for February and 3i%c. for May.
The following are closing quotations:
Superfine
bbl.
........
"Winter shipp’
Winter Xx.
Patents
..
extras.
<1 stra’t.
i extras.
n
m
m
FLOUR.
9. 75 |
Southern
$2
.
15 0
O
2 35 0
O
90 0
2 85
3 25
4 7. >
3 25
5 00
5 25
4 2.5
3 00 0
•1 09
O
/
i) (V
3 50
0
O
7-5 0
3 75 0
4 2 5 0
ex
extras.
»>
l 25 0 5 00
3 500 3 85
Spring,per bush.
Spring No. 2
70
70
8 L
70
75
3 2)0
3 350
Brandywine. fra
Buck wheat
100 lbs
3 40
3 4
0
0
Com—West. mixed
45
0
54
West. mix. No. 2.
West, white
.-.
White Southern..
Yellow Southern.
52
50
50
0
Tv
40
0
53
53
55
52
Red winter, No. 2
Red winter
White.
0
2 00 0
0
60
State
65
Oats—Mixed
81
00
0
>
|
0
a
31Lj0
White
No. 2 mixed
No. 2 white
85
Week,
6.
Die.
Bb/s
Un.Kiog.
89,647
Coutiu’nt
8 A: C. Am
W. Indies
6,872
31,125
Bril.col’s
Uth.c’n’ts
Total
29.602
23,304
883
181,413!
..
8.
32
...
0
32*8 t
33
Buckwheat
.52
bariev— No. 1 Canada. 82
No. 2 Canada
7.5
60
State, two-rowed
State, six-rowed
70
0
0
0
0
0
0
Chicago
Milwaukee
Toledo
Detroit
..
Cleveland.
..
..
..
St. Louis
Peoria........
Duluth
Tot. wk. .34
Same
wk. 86
Same
wk.
Since July 2*
1881
lRs; a
lS^J
J
67 6,463
5,551
99
15
4,955
8,000
205,254
918,137
By adding this week's
Outs.
Barley.
r.vnrts since
Any. 25, to—
1884.
Any. 25 to
Aurj. 27 to
])<■(. 6.
Bbls.
CJn. Kingdom
4.123,031
3,911,950
3.940,558
1,104
732,994
833,600
previous totals
Corn.
1883.
1884.
1883.
Any. 23 to
Any. 27 to
7> c. 8.
1>. c. 0.
Dec. 8.
A uy. 23 to
Jh c. 6.
Bbls.
Bush.
Bush.
Bush.
J 00.170
10,747.073
34,825
5.00S.372
West Indies.
269.400
213,MO
Cl
Hrit. Col’nies
200,0-27
227,975
67
3 3 Li
O .h. coantr’s
10,303
10,338
002
775,023
239,470
113,943-1,917
9,575
2, IS l,7oo
2.1 IS,033
14.010,053
4,837,403
38
32 Lj
33 :i
.51
86
80
0 5
73
Total
Rye.
00,00s
1,190,843
CO ** V* cc Cu
224,358
1,561,201
2,399,025
030.955
520,161
92,305
34.050,423
27,359,330
29,317,510
8,200,320
10,003,-801
3,079,460
4,705,074
21.929.510
7.215.745
2.153 254
21,538
8,010
13,437
19,953.310!
Dec. S.
10,078,791
2,709,107
•
S91.833
140.080
0J.314
101,030
13,953,420
The visible supply of grain,
comprising the stocks in granary
at the principal points of accumulation at lake
and seaboard
ports, and in transit by rail and water, De c. «, 1881, was as
follows:
Wheat,
Outs.
Corn,
Burley,
Rye,
,
M ilwankee
Duluth
Toledo
1>airoil
Oswego
.81. Louis
Cincinnati
bush.
bash.
2 41,129 1 ,2 48 957
443,880
16,000
243,0.10
1,837.061
l6,9o7
2,173.401
2,-21,615
2,762,173
56,-09
393.607
7,145
2 16.058
125,951
2,567,925
215,690
15,9 13
12 >,w9 )
628,001
13,010
87,8 43
67,0(40
11.000
3
bush
136,366
300,600
J 42.000
323,000
161,915
27,0 17
16,27 1
bush.
74,503
314,217
J 5,00 t
34.600
61,6:15
6,578
40,712
2.617
•41 5
562.803
52,719
43,785
27,325
151,766
38,61 3
24.427
14,154
1; 8 881
348
5,717
81,160
5,890
6,45s
2,400
07.950
Boston
Toronto
Montreal
36,571
1 2-4.106
132,75 1
297,880
Philadelphia
881,020
7 4, i 83
9,035
96,900
31,299
39,200
822,207
1,142,725
01,341
120,369
250.152
59.917
307,268
1.454,922
321.650
41,857
41,270
5,365,666 3. ,302,210
39, >41.867 5,147,000 3, ,233 261
34,185 933 8,329.842 5 ,0 17,507
> ' ‘1
20,190,03 4 7 9 '. *
.068,228
2,075,868
705,030
Peoria
Indianapolis
Ka isas city
iJamrao’e
2,490.235
4 74
Auy. 21 to
Bush.
100.123
140
we
since September 1,
218.71.3
002.730
45.002.351! 45,981.273
40.090.712, 20.874.872
1,275
1,101
Continent...
848.230
63,096.230;
8,276
8 & C. Am...
2 15
2,390,920
1.777,371
I
1884.
17,707
21.663
4.360
Wheat.
1883.
Bush.
3,012,521
761,1451
817,584
227,877
our
8.
783,575
9,007.001
J
3,120,503:
movement to
Bush.
645.005
51,714
20,387
10.127
9.159.229
Bbls.imbs Bush.60 os Bush.56 ih> Bush.‘62 lbs Bush A6 lbs Bush.56 6
107.602
1.397,009
520.807
1,023,693
275,050
35.051
03,5S<»
383,090'
26 8-0
.53.100
IS-. 4! 5
5.-S)
4,001
211,7.83;
no,110
5,0 4»
.3,08 a
10,317
2,808
52,743!
31,976
11,032
29,03!
2,9.87
40,500
8,008
13.000
13,431
20,788
205,911!
112,775
73,210
82,208
5,500
900
7,480158,170
171,4-0
10,850
4,000
209,376
950,826
Dec.
1,037.613
ending Dec. 0 and since Aug.
Corn.
Bush.
713.503
22 1,269
have the following statement of
exports
this season and last season:
Week,
Dec. 6.
10,903
Newport News...
IF,Heat.
Bush.
8.
23.716
16 513
9,780
690
for each of the last three years*
Flour.
Dee.
230,103
In store at hash.
New Yuilc
10,165,759
Do
afloat test.)
955,000
A! briny
2,500
Bull,do
3.296,60. >
Chieago
10,056,152
Receipts at—
6.
Bbls.
113,647
The movement of breadstuiTs to market is indicated in
the
statements below, prepared by us from the
figures of the New
York Produce Exchange. We first
give the receipts at Wester.:
lake and river ports, arranged so as to
present the compara¬
tive
movement for the week
Dec.
1883.
1,552.901
10'i.647
flour per
aye—Western
so
82
©
1884.
Week,
mea:—
Western, &o
,
1833.
Week.
Dee.
■■
GRATN.
Wheat-
1884.
Week,
Flour.
bakers' and
family brands
Rye flour, superfine..
Corn
1883.
Week,
47*4
Rye and barley have been
ithout important fe iture or deelded change in prices, but buckwheat is much
lower.
Oats were depressed
early in the week, but afterwards im¬
proved, and were at one time quite buoyant, No. 2 mixed sell¬
v
1884.
to-
Fri.
53 Ha
52 7b
4
47
tor week
Djwl Mississippi.
On rail
Tot.
Tot.
Tot.
Tjt.
Dec. 6,’84..
Nov.29, ’84.
Dec.
Dec.
8,’83.
9,’82.
Tot. Dee. 10,’81.
40.053
473,294
220
527
7,077
107,4 42
40,8 09,033
18,503,725-
*
7
12 653
9,255
1,009
2,62 7
2.5*14
.
.
f
40,863-
2,754,033
631,323
3.563,308 2,663,-132
3,108.666 1,241,652
VT,017 3,124 265 1,232,011
THE CHRONICLE.
61)0
GOODS
DRY
THE
fVOL. XXXLS.
they were not infrequently offered in order to effect
Kentucky jeans ruled quiet, but a few large lots were
sold by means of low prices.
Ladies’cloths, tricots, cloakings
and Jersey cloths were in steady but moderate request, and
there was a light business in all-wool and worsted dress goods,
shawls and skirts.
Some fair orders were placed for carpets
for future delivery, and there was a continued moderate de¬
mand for hosiery, knit underwear and fancy knit woolens.
Foreign Dry Goods were generally quiet in the hands of
importers, and the jobbing trade was confined within narrow
limits—specialties adapted to the holiday trade having consti¬
tuted the main requirements of retailers. The auction rooms
were wall patronized by retail buyers and small jobbers, and
a
fair quantity of assorted merchandise was disposed of
through their medium at fair average prices. Imports con¬
tinue light, and buyers who have lately returned from the
European markets state that their purchases abroad have
which
TRADE.
sales.
Friday, P M., December 12, 1884.
fairly satisfactory business in a few descrip¬
dry goods the past week, which tends to show tha
buyers are beginning to take a more hopeful view of the trade
outlook; but the general market was quiet as usual at this time
of year, when distributers are more anxious to reduce their
stocks to the lowest possible point than to increase their lia¬
bilities. There was but little improvement in the demand for
domestic woolen goods, and nearly all foreign fabrics ruled
quiet in first hands; but soms large transactions in staple cot¬
ton goods and shirting prints were stimulated by the prevail¬
ing low prices, and the advancing tendency of the staple.
Spring goods, as fine ginghams, worsted dress goods,
lawms, piques, white goods, &c., were more sought after by
wholesale buyers, and very fair orders for such fabrics were been much smaller than in former seasons.
Importations of Dry Goods.
placed for future delivery. It was not an active week in job¬
The importations of dry goods at this port for the week
bing circles, but a fair average trade was done by such firms
ending Dec. 11, 1884, and since January 1, and the same facts
as keep abreast with the times, and make prices low enough
for the corresponding periods are as follows:
to keep goods moving.
More small failures among retailers
re\
a
have taken place, but the general financial condition of the
trade is considered sound, and collectionafin many quarters
*3
o
5>=tat
2 30
for
are becoming easier.
m
Domestic Cotton Goods.—Ike export exhibit for the the
s
a
25
4
past week is much more favorable than of late, the shipments
8
3:
59
from this port having been 7,151 packages, including 2,793 to
8
..
0
Great Britain, 1,059 to Chili, 1,050 to China, G28 to Peru, 4G3
to
©
5
3
4* To x© x
©tOMMlO
to Hayti, 239 to Venezuela, 183 to San Domingo, 157 to Brazil,
O' 4- •-* 4- 4*
-j
8
-1©0' O'W
©
O
to
c to ot vjo j*
?0 ss
©to O’
© © © © ©
a
to
©
©
-1
o«
-i
137 to U. S. of Colombia, etc.
K
rJ lie tone of the general mar¬
0
2S
tO
Wjg 25
H
ket was much firmer, owing to the advance in cotton, and
Mto 4- 4^tO
O’
b to
s
K
MtCODWOO
CO 4k © O’ <1
© © © X GO
4- -4
a
53
©
*-X©C X
o. © © xo<
some descriptions of coarse yarn goods were slightly advanced
00
tOpO'Wifc
i-*
K
R
xS
©
©Tjco
bb
©
tO
4»
tC
4*
m
clob
©
W4*
o
O
X
X O’
3
© -1 © -4 O’
O' x 4x
X to
by agents; but fine bleached cottons, as Wamsutta and New
© © O’ ©
W
w
© o« © to -J
~-iC.
York Mills, were marked down to a lower price than ever
25
5=
X
©
©*-•
O'
m
COM
Qq
5!
-1
-D*
©
3
©
before (10c. per yard, less a discount), in order to equalize
10
© to ' H* to
©
©
O’
© O’ ©. M
© to 4*- © -4
O’ p
4^ © *>■ Q’ -t
O’
'Q
►
P3
£ tc
© X 00
x’i-OOtO
©
<J
values, and this action led to a heavy business in the above, b © © 4* © *-*00
53
m ©
-4
1C
C7
*0
Ci
O
to
<1
©
4--1 ©
©
35
O' © to 4* 4-*
X
QD O’ 4- © ©
X O'
—J fO OT1 © to
X©
named goods, which, as the week closes, are selling “at value ”
as w
8
s
o
X
to
to
to
K
w
W
G
only. Colored cottons were in moderate demand and steady, 00 ©
© to © © ©
to W © 4- ©
to © © 4- ©
©
-d
8
P5
X X O' i ©
©
©©'-‘©if-© to
and a light business was done in wide sheetings, cotton flan¬ 7- ©4* ©<14-©b
XXI M Oi^
X X 4* X
W
tO^tO-JO’
b
4O
c
*7
w
©
<4
©
O’
©
©
U)
©
C5 CO
-X
w
c. ©
00
© -t
nels, corset jeans and dyed cambrics. Print cloths were in -J
H
CO ►
O’ Xi 4* iox
© © W X’ X
X
oc©
X -1 © ©
to
x©
©
© O’ M
t
40.© ©4-©
-J to
W
©
(D
©
©
-J
to
o
moderate demand, and dearer at 3 3-lGc. plus 1 per cent to
%
©
4to
44.
©
O’
©
O’
-4
©
Ooo
c w
O’
c
©_
o
j:
o\±c. for G4xG4s, and 2 13-16@2^c. for 56xG0s. Shirting 00 tUOO 10
b
*M
55
X
>
p
0
©
© © 4* © ©
© to to © w
03
© -i
•■Q
prints met with very liberal sales, but at low prices, such © ©bo X ©tool
g
-1
©
8
X
-l
© *-•
© © © -1
©
X
O’
O’
4--14-tO©
©
CJI
WCt* ©X
makes as Merrimack, American and Allen's having been
*r
r
.He«J tSI
E
©
to to to to
H
freely distributed at 414c. per yard, less a discount.
to ^
c 4-1
© ©
pc
a
4* X ©
©
©
«d © © 4- 4*
o
4- CJ’
a*
E
00
>
Ol
©©©O’-j^e
W © X c ©
C
Domestic- Woolen Goods.—There was a considerable influx ©
~4
4- O' ©
O’
8
''J
-4
4- © -1 O' ©
b -i 4- x
W © © ©
-4 -1
©
<1©
S
-1 © — 40
©
X ©
©4*
O' 4- i©
© 4of wholesale clothiers from Western and near-by markets,
© O' O’ ©
>
There
a
was
tions of
iTotal
Total Ent’d
Flax Silk Cot n Wool
©
.
w
•
Flax 81lk Cot n Wool
Miscelanou. manufctre*) consumpt Miscelanou Manufctres Miscelanou Manufctres
•
Total
Total
*
■
at
Flax Silk Cot n Wool
port.
ket.
of—
of—
ol—
|
I
1
M
H*
w
4,75 2,02
8,48 4,75 3,73
1,5437 56,86
1,8913
>—
X
WITHDRAN
r-
h-C4»
X
FROM
H- >—
i—i
I—*
4.75
X i-1
*
*
4»
X
-4
Valxce.
—
14*
X
r>.
M
M
*-•
r-
—
tO M M
O'
O’
-
►—
-j
©
K-
©
j>
O' «o
M
J-
—
CO
r>
4-
n
X
3D
>—•
H*
GC
-4
M
x
35
—
©
—
CJ# O’
O’
©
OC
H
..
.
X
©
r
—
M
X
tb
t-
cs
•
H-1
b*
.
Ci
—
X
H*
X
•
N
3D
©
©
*—.x>
©
t-»
—
4-
»-*
-4
r-
I—1
—
—•
M
t~>
to
DO
•
a
—
—
M
-4
O'
—
*
J
-1
Cl
whose presence imparted a little more animation to the mar¬
ket for men's-wear woolens; but business in this department
(Co mmcucial (Citvds.
Brown, W ood&Kingman
SELLING AGENTS
Geo. II. Gilocrt
Arlington mill*,
Renfrew Mlj:. Co.,
O’
c
&
>—*
M
4—
t—
W © -1 O’
A full
Moist Letter Copying Book,
MANUFACTURED
New Yorlt
BY
Stationery A Envelope Co.,
NO. 62 JOHN
STREET, NEW YORK.
©
to © ^ O' ©
X
4* © to ~
©
©-4
to
© ©
-J ©
O' -J
-1
© it*
to © x o
k—*
to
-J
C
-l©
© © — © lO
tO © © © r-
©
O' w
w
©
vC to
vl
4-1—
to
— —
© x>
h-‘
4- ©
X
© 'O
4-
© © 4* ©
O'
©©
(Cards.
Co.,
sapply, all'Widths and Colors, always in stock
4
to
;0
O’ O' 40
©
©
©—to O' ©
-1
I—4
to
^
*—*
-1X © ©
O' <J O’ ^1 4-1
to
k—
© c x o; ot
© © O' to —
jl
TO
5
O’
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2
3
c
•
M
-•]
-J T. X
40 4- © O' 4to
Cv f-* CO
■X W X © M
©
O' X O’ O’ ©
M
-t
©(— vC©X^
b*
© ©4- © ©
00
4- © X 4- tO
co
b*
© X 4* 4-1 ©
©
-1 tO © X-4
Ci
X OXO-t
© © — © O’
to « <1 4- X
—
—
>
a
H
—•
4
s
© © ©-I©
X
to
£
a
a
K
'
00
b
(Cards.
(Commercial
Joy, Lincoln & Motley,
StbUTi
43 & 45 White Street,
15 Chauncey
BOSTON.
NEW YORK.
AGENTS FOR
Atlantic Cotton Will*)
Peabody mills.
Chicopee mfg. Co.,
ELierton New mills.
White mi‘g# Co#,
Saratoga Victory mfg. Co.,
Hosiery and Yarn HUH*#
Ocean Mills Co.
BAGGIN G.
WARREN, JONES & «BAW
ST. LOUIS, Mo.
IMPORTERS
m OY
ESTABLISHED
18o5.
R. Cole, Bliss,
Successor to SEARS & COLE.
STATIONER AND PRINTER,
Supplies Banks, Bankers, Stock Brokers and Cor¬
porations with complete outfits of Account Book*
and Stationery.
IF* New concerns organizing
tiers promptly executed.
Wo. I
will have their or.
WILLIAM STREET,
(HANOVER SQUARE.)
sale of J ate
Manufacturers’ Agents for the
No. 109 Duane Street.
Eugene
New York
4-
tO
STATES BUNTING CO.
IMPORTERS OF IRON TIES.
TOE
O’4-
•o
Also, Agents
*
USE
©
©
0D to
BAGS, "AWNING STRIPES.
brands of Jute Bagging.
“Eagle Mills.”"Brooklyn City,’’"Georgia,""Carolina,”
•Nevins.0,”"Union Star.” “Salem," "iloricon Mills,”
Jersey Mills ” and “ Dover Mills.”
No Brush.
•—
©
©
Agents for the following
No Water.
wi
to to
© —1
xto
tC -J1
CANVAS,
FELTING
DUCK,
CAR
COVERING, BAGGING, RAVENS DUCK,SAIL
TWINES, &C., "ONTARIO” SEAMLESS
UNITED
(for baling cotton.)
©
*-*
COTTON
LANE,
IRON TIES,
O'
© O'
to :*»
-1 — 10
X © to X
And all kinds of
YORK.
AND
BAGGING
to -1
F—' ZZ>
J• ©
COTTON SAILDUCK
MAIDEN
NEW
MjO
©
©
©
Continental mills,
Bullard & Wheeler,
119
p
O'
© tO — t-* tO
to © ’O © —
Manufacturers and Dealers In
vopri5S
& CO Worth Street, and
iuiwiv
^ g5 & 37 Thomas Street.
UJ
h-»
Freeman mig. Co.,
James Phillips, Jr.
BOSTON, 31 Bedford Street.
vfrnT
to to
©o
Brinckerhoff, Turner
mtg. Co.,
Lincoln Mills.
.NEW
4*
*
(Commercial
FOR
Fitchburg Worsted Co.,
George Whitney,
*-
—
*T*
o'
7*
by no means satisfactory in amount, buyers having been
exceedingly cautious in their purchases. Really choice styles
of worsted suitings, all-wool and cotton warp cassirneres and
trouserings were taken in small lots to a fair aggregate at lull
prices, but goods not strictly in accordance with the prevailing
taste were almost neglected, in spite of the low figures ai
was
—
O’ ©
©o
X
© (—1 i—i
4o. ^
on
X
BsggW
OF
COTTON
TIEL
Fabyan & Co.,
New York,
Boston,
Philadelphia)
LEADING BRANDS
BROWN & BLEACHED SHIRTINGS
AND SHEETINGS,
SELLING AGENTS FOR
PRINTS,
DENIMS, TICKS,
DUCKS,
Towels, Quilts, White Goods &
Drills, Sheetings, <£c„ for Export
Trails
@FedFRASER