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MERCHANTS’
HUNT’S
MAGAZINE,
§ * w 0 pap e
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
|Entered, according to act of Congress, In the year 1881, by W». B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
SATURDAY, DECEMBER 17, 1881.
VOL. 33.
CONTENTS.
NO 860.
months, if we only allow the same as this year for pen¬
a
surplus of 150 millions. Both of these estimates
are
probably much less than will be realized, as our
activities, and therefore our revenues, are on the increase.
On the first of December the interest-bearing debt was
only §1,56-1,305,200 and on the first of July it will be less
than §1,500,000,000; so that our current income will pay off
the whole funded debt, say in ten years, and all of the
extended 5s and Gs inside of four years.
At the present
moment, therefore, how unfortunate it would be to fund
our options.
Hence as a preliminary, and before even a discus¬
sions.
THE
Refundin'? and Our Surplus
Revenues
The Trunk Line Rate War.....
The Financial Situatiou
CHRONICLE.
671
672
673
674
Pension Claims
The Brooklyn Bridge Muddle . 675
Ireland and the Irish Land
Aot...
676
•THE
Imports and Exports for Octo¬
ber, and for the Ten and
Twelve Months Ended Octo¬
ber 31, 1881
Monetary
and
677
Commercial
677
English News
Commercial and Miscellaneous
679
News
GAZETTE.
BANKERS’
Quotations of Stocks and Bonds 682
Money Market. Foreign Ex¬
change, U.S. Securities, State
and Railroad
Bonds and
New York Local Securities
Stocks
680
Range in Prices at the N. Y.
Stock Exchange
681
Investments, and State, City
THE
Railroad
Earnings and Bauk
Returns
and
683
684
Corporation Finances... 685
COMMERCIAL TLMES.
Commercial Epitome
696
688 I Breadstufts
funding could, be in order, it is evident that we
must find some new way to dispose of our surplus. Under
the present conditions, the money will come in and must
To force the Secretary to buy bonds,
The Commercial and Financial Chronicle is issued every Satur¬ have this outlet.
day morning, with the latest news up to midnight of Friday.
with the debt so rapidly decreasing, would make him pay
(^Entered at the Post Office, New York, N. Y., as second-class mail matter.J
extravagant premiums, and lose'far more thin the most
TERMS OF SUBSCRIPTiON-PAYABLE IN ADVANCE:
successful funding measure could save.
To leave the
For One Year (including: postage)
$10 20.
For Six Months
do
6 10.
accumulations in the Treasury would most effectually
Annual subscription in London (including postage)
£2 7s.
Six
do
do
do
1 8s.
derange all the industries of the country. But probably
Subscriptions will be continued until ordered stopped by a written
Mr. Randall will say that he has a cure for the surplus
order, or at the publication office. The Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Office Monev Orders.
is furnished at 50 cents; postage on the same is 18
receipts in a repeal of all internal revenue tax laws. The
A neat file
cents. Volumes bound for subscribers at $1 00.
answer is, that that
measure has not passed and there is
London and Liverpool Offices.
no
The office of the Chronicle in London is at No. 74 Old Broad Street
good reason to suppose it will pass. It will be time to
and In Liverpool, at No. 5 Brown’s Buildings, where subscriptions and
discuss
advertisements will be taken at the regular rates, and single copies of
refunding after such a provision has been enacted
689
Cotton
| Dry Goods
697
sion of
%ht Chrcriiiclc.
mos.
cover
supplied at Is. each.
\
WILLIAM B. DANA & CO., Publishers,
FLOYD.
79 & 81 William Street, NEW YORK.
j
the paper
william B. DANA.
JOHN 0.
Post Office Box 958.
and not until then.
parties in Congress, one for free trade
protection. We see the contest between
them already begun, and our copious revenues are going
to force that question as the leading one during this
session of Congress.
It would not surprise us if it were
the leading one in the country the next four years.
But
out of the winter’s discussions at Washington we doubt
There
are
two
and the other for
REFUNDING AND OUR SURPLUS
Mr. Sherman in the
REVENUES.
Senate, and Mr. Randall in the
House, has introduced a new 3 per cent funding bill.
These measures differ quite materially in their spirit and
details, but the partisans of each tell us that they are
perfect in their way. "We are inclined to give to such
proposals the interpretation put upon the discussions of
the u Monroe doctrine”—vox et
preteria nihil, or attempts
of nothing. The people have
subject just now—they never did
have in the “expanded” Monroe doctrine; and as to fund¬
ing, the life of that question was extracted by the
Windoms.” Perhaps after a while Congress also will
see, that changing 6 per cent bonds into 3£ per cent
options was a clever operation; but changing 3£ per cent
options into 3 per cent bonds is quite another thing.
Especially in the present condition of the Government
income account, does refunding, even at a still lower rate
of interest than
proposed, appear untimely. Secretary
Eolger in his report shows, for the year ending with next
June, a surplus revenue, including amount due the sinking
fund, of 130 millions; and for the following twelve
to create
no
party platforms out
interest in either
“
much whether there will result any decrease in the
The protectionists are determined to hang up
the tariff in an outside commission, and, as we said, take
off the internal taxes; while the free traders advocate a
commission for the tariff but one controlled by Congress,
and a general lowering of the tax rate on both customs
and internal duties.
To this end Mr. Morrison, we
believe, has brought in a bill proposing a ten per cent re¬
duction all around.
This is the way the' question stands
to-day, and we are inclined to think it is about the way
it will stand next summer when Congress adjourns.
But whether we are correct or not in the latter conclusion,
it is evident that until that controversy is settled, and the
revenues are disposed of, • there could not be a more
untimely discussion than one about refunding. Our sur¬
plus, we repeat, must continue for the time being to have
the outlet the Wjndom options afford.
Of course the pro
very
revenue.
THE CHRONICLE.
672
tectionists will not admit a
failure of their scheme ;
the
by combining the bank, the whiskey and the
tobacco interests they can push the measure through.
They have on their side the fact that the idea of closing
up the whole revenue system at one blow, is a pleasing
one.
Mr. Kelley argued it very well and very forcibly
before the Protectionists’ Convention in New York.
But
the measure will not bear discussion; the people will never
consent to have spirits and tobacoo untaxed while our
customs duties are so Leavy.
As we said, however, com¬
ment upon these probabilities is out of place here, for a
refunding measure ought not to receive a vote while any
such uncertainty exists.
Furthermore, even if this question was settled, either
of tho proposed 3 per cent bills would still find strong
opposition from the commercial classes.
liefunding is an
unsettling process. It precludes for the time being any
calculations as to the money currents or the rate of inter¬
est, and leaves in the hands of the Treasury official the
entire control of our money market.
We have had two
belief is that
of this uncertainty; it is distasteful to the
people and disturbing to our industries. Besides, after
the scheme is carried out, and refunding effected, all we
years or more
have saved is five
million dollars
given
up an
on
thousand dollars on each million, or one
200 million, and for that amount we have
option that may be worth much more to us,
and have thrown into our
of
commercial interests
an
element
uncertainty.
Under these circumstances we
do not conceive that
there is any necessity for discussing
of these refunding schemes.
the respective merits
7 HE TRUNK LINE RATE
WAR.
Contrary to general expectation, the railroad war has not
yet been settled. Within the past week another attempt
was made to end the dispute,
but it proved abortive.
Representatives of the different roads chiefly concerned
actually brought together and the question discussed;
but though an agreement as respects one class of business
at least—the west-bound—was arranged between these
representatives, it failed to meet tfye approval of their
superior officers, the Presidents, or: rather that of one
President, Mr. Vanderbilt, who flatly refused to sign,
because, as he said, it involved an alandonment by him
of all that he had been contending for—the principle of
the abolition of differential rates in favor of Philadelphia
and Baltimore—and that he was not yet prepared to yield
on a point of such
vital importance to the interests of
were
New York.
result, not only will there be no advance in west¬
bound freight, but on east-bound freight a large reduction
has again been made, and rates are now as low as they
were before the advance established in October by each
As
a
fV0L. XXXIII,
the Stock Exchange public and even among
skepticism as to the
sincerity of Mr. Vanderbilt’s professions. It was argued
that among
merchants there has been not a little
through the abolition of tolls on west-bound
freight, the competition of the water route threatened to
become more formidable than ever, to fight the canal wa3
a matter of necessity to the Central, and that the idea of
insisting upon equal rates to all the seaboard cities was
merely an after-thought, cleverly used to cover up the real
that as,
issue.
Thus it
was
considered certain that with the clos¬
ing of the canals a restoration of rates to
would follow.
But tho water route is
no
the old figures
longer
a
fac¬
problem, and yet Mr. Vanderbilt adheres to
his position and refuses to join the other lines in any
agreement which does not at the same time place New
York on an; equality with Philadelphia and Baltimore.
This
is
the
only question in dispute. There ap¬
pears. to be no doubt that if Mr. Vanderbilt is willing to let that go by the board an understanding
as to rates could easily be effected and higher figures at
once established.
That he is willing the contest should
go on, rather than that the principle avowed should be
surrendered, must certainly strengthen the conviction of
those who have all along had faith in Mr. Vanderbilt's
professions.
Mr. Vanderbilt’s position is certainly a popular one
here.
It is simply this, that New York should enjoy
equal advantages with the other ports in tho way of trans¬
portation charges. And why not ? With its larger capi¬
tal, its splendid railroad facilities, its excellent terminal
accommodations, and its superior advantages as a port,
why should not New York insist upon being placed on an
equal footing with the best ? The determination to secure
this, which Mr. Vanderbilt now announces, seems to us not
only just in itself, but tho only stand he can take. The
position would no doubt be forced upon him some time if not
assumed by him now, for the interests of the Central are
inseparably bound up with those of the city. The policy of
discrimination has already entailed some loss to New York,
and it can be only a question of time how long the trade
centring here could bear it. As Mr. Vanderbilt says, a system
which compels David Dows & Co. to open a branch house
at Baltimore, to carry on their business, cannot be just.
What’s more, it cannot be continued indefinitely.
As far, therefore, as Mr. Vanderbilt is concerned, the
railroad war would not appear to be so causeless. and
f
wanton as is generally supposed.
Mr. Vanderbilt went a3
far as the interests at stake permitted, when he agreed to
submit the whole question in dispute to disinterested
arbitration, either to a committee <• of merchants, or to a
person of undoubted repute like Charles Francis Adams,
tor in
Jr.
the
He would not make a concession of
principle, but he
willing that if a committee or an arbiter in whose
line separately.
The Baltimore & Ohio has reduced its judgment and disinterestedness he had confidence, should
rates to -a basis of 12 cents per hundred pounds on grain decide that he was wrong, that decision should be final.
In the meantime Mr. Vanderbilt seems to be fortifying
and provisions, and the Lake Shore and the Michigan
By acquiring the Ohio Railway
Central have followed suit by promulgating a tariff on himself in various ways.
he
added
an excellent feeder to his system.
His efforts to
the basis of 15 cents to New York. The official figures
ruling before the reduction, were 25 cents on grain anjl 30 gain control of the Reading, it is asserted, are not only
cents on provisions; but it is not believed that these for the purpose of obtaining an entrance into Philadel¬
figures were anything more . than nominal, shippers phia, but also to aid in the formation of a new through
being accommodated on much more favorable terms. route from the West to that city, so as to be able to contend
There would
In fhis connection it is interesting to note that the usual with the Pennsylvania in its own territory.
winter schedule is 35 cents, or more than twice as high as appear to be considerable basis for such belief.
the 15 cent rate now announced.
Reading would carry Mr. Vanderbilt to Harrisburg; from
This latest action of Mr. Vanderbilt’s we look upon as there to Pittsburg it is stated a line is now being built
highly significant, for does it not place his recent course in through the coke regions in the Vanderbilt interest; from
an altogether different light from that in which it has
Pittsburg to Youngstown the Pittsburg & Lake Erie,
quite generally been regarded ? It is hot to be denied which the Lake Shore has a stock ownership, could be used,
was
The
iu
I)bcember
it, 1831.]
THE CHRONICLE.
673
arrived at Youngstown, easy connection could be had with the week ended December 15th slightly against this city,
the Lake Shore, either over a branch of that road or over as may be seen from the following statement.
the Painesville & Youngstown, or a portion of the New
Received.
Receipts at and Shipments from N. Y.
Shipped.
York Pennsylvania & Ohio.
Such a line, it is said, would Currency
$1,301,000
$1,215,000
be fortv miles shorter than that of the Pennsylvania. Gold...'
21,000
428,000
Should this scheme be carried out there can be no doubt
Mr. Vanderbilt will have immensely strengthened himself
against the Pennsylvania in the present struggle. On
the north the extension of the Credit Valley road in
Canada to a connection with the Canada Southern at St.
Thomas, will, by furnishing the Canada Southern an
as
Total
$1,3".*>,000
'
ciated
banks, received $1,000,000 for deposit in the vault,
and paid out $300,000, making a net increase in the stock
of gold of $700,000 during the week.
The Sub-Treasury operations for the week include the
receipt of $2,000,000 gold from Philadelphia, and show
a net gain to the banks of $809,890 35.
This, with the
movement of gold and currency given above, will indicate
the following as the changes in the bank reserves, except
so far as the result may be affected
by including silver
give Mr. Vanderbilt increased power
over
the Grand Trunk and the Great Western.
But all this does not show, as many appear to think, that
Mr. Vanderbilt’s declarations are not sincere and that be
will soon recede from his position.
On the contrary, it
would rather seem to indicate that he was perfecting and certificates, which are not counted as reserve.
enlarging his system of roads, to more effectually cope
Into Banks. Out of Banks
with his adversaries and compel them to recognize
$809,890
$
Suit-Treasury operations, net...
the justice of his ' demands.
1,043,000
1,325,000
His Tather before him Interior movement
outlet to Toronto,
engaged in the same fight and maintained it unto the day
of his death.
The son would now appear to be of the
his father and equally determined. The
outcome of the conflict is not doubtful.
If fought out
to the end the Central must be the gainer.
same
Blind
as
TIIE FINANCIAL SITUATION
$1,643,000
Total
*
•
$2,134,890
$1,043,000
Net Gain.
..
$309,890
*318,000
$491,890
Loss.
There has been
supply of gold from foreign arrivals
during the week of about $727,000, having come in from
Europe on Saturday and Monday. This probably includes
about
all
that was
afloat.
The foreign exchange
market has continued very steady.
A moderate supply of
bills came from the negotiation of some railroad secu¬
rities in Holland, and within a day or two there has been a
small amount of cotton bills offering, but the demand,
chiefly from importers, haa> been sufficient to absorb the
new bills and thus the market has been kept firm.
The
following indicates the margin of profit for cable transac¬
tions in securities, the table showing relative prices in
London and New York at the opening each day.
a
market reflects this week- the action of the
Treasury in letting out some of its surplus ; but this would
have been much less effective were it not for the quietness,
not to say dulness, which has prevailed on our Stock
Exchange. In fact, for the time at least, there seems to
be apparent in all business circles at this centre a cau¬
tious disposition, the main exception being in cotton, where
speculation still prevails.
Under these circumstances the
present demand for accommodation is limited, and our
Dec. 13.
Dec. 14.
Dec. 12.
Dec. 15.
Dec. 10.
market therefore responds quickly to every influx of funds.
Lond’n n.t: Lond'n N.r. Lond'n N.Y. Lond'n N.Y. Lond’n N.Y.
Even before the outflow from the Sub-Treasury there
prices.* prices. prices.* prices. prices.* prices. prices.* prices. prices.* prices.
U.S.4s,c. 118 31 11896 118*45
118*6 118*46
118*6 117*494 118*6 117*494 118*6
was less activity in money, the decreased urgency in the
102 08 103*6
102*68 103
10208
U.S.3*6s 102-09 103
108*6 102*63 108*6
demand being partly attributable to the oversold condi¬ Brie
45*39
45*27
14*90
45
45*02
45-87
45*<
4LH
45«
44*6
101*46 100*6 100*73 101 *
100 73 10096 100*49
2d
100*49 100*6
10094
tion of the stock market, but mainly to an absence of
133*26 13894 13326 133J4 133*26
Ill. Cent. 134-51 134
133
133*74 133
138-36 138M 138-36 13794 136*424 138*6 13606 130
N. V. C.. 139*21
139
anxiety with regard to the future, which confined the
Reading 34*22+ «*<*4 34-471 mi 34 59+ 69*4 84*22+
6894 31*38 r 0894
demand to immediate and most pressing wants.
The offers
Exch’ge,
of bonds under the 106th call on Wednesday, reached $5,cables.
4*85*6
4*86«
4-85*6
4*86*6
4*86*6
Expressed in their New York equivalent.
489,000, all of which were accepted. Up to Friday morn
4- Read ink on baste of $50, par value.
t Ex-interest.
Note.—The New YoTk equivalent to baaed upon the highest rate for
ing the amount presented and paid was $4,006,772; the
cable transfers, which ordinarily covers nearly aU chargee, such as
balanee will probably all be presented and paid to-day. The interest,
insurance and commissions.
In the 8tock market there has been little disposition
opinion seems to prevail that the remaining 14£ millions
will come in slowly and that next Wednesday it is not manifested to operate largely.
The tone has been favor¬
likely the whole 5 millions will be tendered. Still, judg¬ able and the feeling appears to be quite general that we
ing from the action under the previous call, we may expect are likely to see higher prices soon. But with money by
the offerings to be fairly liberal the coming two weeks. no means abundant except on the very best collaterals,
About $500,000 has been paid by the Sub-Treasury during and with every rise followed by a decline, the professional
the week on the 105th call, leaving almost
4J millions speculator is wisely disposed to hold aloof. Some claim
still outstanding under that call.
The delay of holders that the leading operators are pleased with the situation,
ki parting with these securities is not
surprising when we as it enables them to increase their holdings; but ideas of
remember how and by whom they are held ; but the fact this kind are the usual gossip of the market, which it is
remains* the same that so long as these payments continue, well to receive with caution. Only two favorable facts are
the tendency must be to accumulate moneys in the Treas¬ established; one of them is that money is in less demand
and is likely to remain so for a time; the other is that
ury and thus to extract funds from commerce.
The domestic exchanges at the leading interior cities there must be considerable money to invest during the
are
against New York except at Boston, where there has next few weeks which would naturally seek after our
been a change in our favor within a few
days. But the better class of securities.
West and South have now smaller balances with us upon
An adverse circumstance, which unsettles investors1
which to draw and consequently the movement in those views, is the continuation in all its bitterness of the rate
directions has been more restricted. We note an influx war. In fact, the leading piece of news of the week is
from the interior of this State and from
near-by towns, the announcement that the conference of managers of the
together with some considerable amounts sent from trunk line roads had resulted in a disagreement, the
remoter points, making the total interior movement for
majority refusing to.accept the proposition of Mr. VanderOur money
con.
*
•
THE
674
^
question of differential rates to arbitraThe proposal to arbitrate, it is argued, however,
tion.
indicates that the differences are not insurmountable.
Furthermore, the hope of a settlement, some think, finds
encouragement in the reported statement that Mr. Vander¬
bilt has offered to compromise by allowing one half the
difference claimed by the Philadelphia and Baltimore
roads and by his apparent admission that he is willing
there should be a difference, but is not willing that those
roads should say what it is to be.
Still, these are pretty
unsubstantial reasons to build upon ; on the contrary, we
are inclined to believe that the contest is to continue for
the present at least.
Great curiosity is felt .to see the
report of the earnings of New York Central to the State
Engineer, which it is expected will be made public next
week, as a similar report was published the corresponding
week a year ago. Those figures ought to help us to judge
what effect this war is having on the Centrals business.
The disposition at the moment is to believe that the show¬
ing will be more favorable than has been anticipated.
In the meantime, it is manifest that east-bound business
from the leading Western cities must be light whether the
The embargo on the movement of
war is settled or not.
Consisting of—
bilt to refer the
•
'
[Vol. XXXIII.
CHRONICLE.
Duties.
Date.
TJ. S.
Gold.
Notes.
$433,400 35
$317,000
$23,000
“
10....
309,963 09
<«
jo
“
13....
15....
438,001 05
727,810 41
369,158 29
615,213 55
165,000
330,000
17,000
16,000
37,000
15,000
26,000
Total...
$2,893,546 74
9
Dec.
“
14
“
...
Government
with
The
610,000
292,000
498,000
$2,212,000 $134,000
Silver
Silver
Dollars. Certificates.
$1,000
1,000
$93,000
127.000
91,000
80 one
1,000
1,000
62,000
$4,000
$544,000
91,000
bonds have been strong during the week,
good demand for investment and a limited supply.
market was not influenced by the introduction of the
a
refunding measures of Mr. Sherman and Mr. Randall,
mainly for the reason that it is regarded as unlikely that
any bill changing the character of the public debt will
become
a
law at this session.
PENSION CLAIMS.
Our
revenues
are
so
abundant that they naturally
This is always an agreeable sub¬
instance its discussion has given
rise to quite opposite opinions as to the direction in which
the relief should be extended.
Some advocate a complete
; while others
so wipingtheout of the internal revenue system
our
suggest tax reduction.
ject, but in the present
grain, seems to ensure that condition, and it will last
long as prices of breadstuffs are higher at the West than
at the East.
This dirth of business always tends to pre¬
vent a settlement between the roads.
Then there is the
competition just now of the Mississippi River route which
operates in the same way. The ruling rate from St. Louis to
Liverpool via New Orleans is about 16 to 18 cents per 100
pounds for partial and from 20 to 25 cents per 100 pounds
for full cargoes of grain.
Even at these figures compara¬
tively little grain is moving, for the reason that the export
demand is so light. The rail rate from St. Louis to New
York is 20 cents per 100 pounds, and 6 cents more will
cover the ocean freight.
Ir. follows therefore that the rail
rate even now must be reduced from 6 to 10 cents between
St. Louis and New York in order to compete with the
river route.
But these charges v/a Mississippi River are
exceptional, due to the little cotton being exported, and
also, it is stated, to some vessels having reached the Gulf
ports with railroad iron, and now desiring at any price to
get a return cargo.
In another column we give be¬
sides some special reasons why Mr. Vanderbilt may be
indifferent to a settlement.
We refer to undertakings he
is reported to be engaged in which it is believed will
strengthen his position and give him at no distant day a
direct opposition to the Grand Trunk and the PennsylvaniaThe Bank of England return shows a gain of £7,800
bullion for the week and an increase of 5-16 in the pro¬
wish
customs duties.
reductions confined mainly to
something respecting the condition of that
controversy in another column; but there is a preliminary
We have said
issue which in some
degree
controls the extent of that
surplus. We, of course, refer to the new claims which
and are being filed under the Arrears of Pension
bill was passed in January, 1879 ; or, more
speaking, it was rushed
have been
law. This
accurately
through so nearly by a unanimous
The estimates of
probable requirements under it, ranged from the mere talk
of some Congressmen, a few hundred thousands, to the
100 millions named by Secretary Sherman.
The commit¬
tee in charge of the bill put the amount at 18 millions;
the Pension officials said 33 millions would be required at
first and at least 50 millions before the end would
be reached ; !27 millions were appropriated.
The pre¬
viously existing law made pensions begin at date of death
or of discharge,
but provided that application must be
made within five years after the right accrued ; other¬
wise the pension should begin at the date of filing the last
evidence necessary to secure it.
The Arrears act repealed
this five-years’ limitation, thus antedating a large mass of
claims and facilitating fraud.
And now we have the
announcement that the Commissioner of Pensions must
have 235 millions to pay the remaining claims, 100 millions
of which Mr. Folger puts in his estimate of expenses for
portion of reserve to liabilities. The Bank of France
1882-3.
Whether in the end this 235 millions will not
reports an increase of 1,350,000 francs gold and a decrease
of 470,000 francs silver.
The following exhibits the be increased to two or three times that amount seems to
be as little certain as were the original estimates; in fact,
amount of bullion in each of the principal European
ex-Commissioner Bentley says he anticipates that the
banks this week and at the corresponding date last year.
pension-roll, which was increased some 15,000 during the
Dec. 16, 18SO.
Dec. 15, 1881.
last fiscal year, will continue to grow until the number of
Silver.
Gold.
Silver.
Gold.
pensioners on the rolls will be fully 400,000.
£
£
Condemnation of this law " is now of course universal.
£
*•
24,936,237
20,795,546
Bank of England
We criticised and opposed it earnestly at the time of its
25,953,656 46,749,920 21,706,554 48,996,610
Bank of France
9,162,000 18,324,000 passage.
But condemnation now is as useless as criticism
6,669,737 20,003,213
Bank of Germany
—in
fact,
there
is no room for criticism where the subject
53,418,939 66,759,133 55,804,791 67,320,610
Total this week
vote
that resort to veto was
useless.
-
*'
and
gold and silver division of the stock of coin of the Bank provoking, that, to speak of it in moderation is not easy.
is merely popular estimate, as the Bank itself giv^i no Any avoidable line of action the cost of which is not ascer¬
information
that point.
The payments by the Assay Office, through the Sub-' tainable more nearly than 50 millions or so, ought to be
Treasury, amounted to $781,974, of which about $700,000 sufficiently condemned by that fact alone outside of
for foreign gold, and the receipts by the Assistant lunatic asylums; and what crowns the badness of the
whole matter is that it puts a premium on fraud and that
Treasurer from the Custom House were as follows.
Total previous week
The above
of Germany
on
was
53,357,287 66,780,558 55,817,997 67,155,206
is all demerit.
The measure was so
foolish, untimely,
THE CHRONICLE.
benefit goes chiefly to agents and speculators
never fought with the army, although some of
the
who
them
likely followed it.
But here the situation is, and what is to be done about
it ? Is tardy repentance come too late ?
In other words,
most
unalterable obligations, and is it itself
irrepealable ? It hardly needs argument to show that this
does not fall under the operation of the constitutional pro¬
hibition of “impairing the obligation of contracts,” for
that only applies by implication to Congress, and there is
no
contract here at all. The fourteenth amendment
declares unquestionable “ the validity of the public debt
of the United States authorized by law, including debts
did the law create
incurred for payment of pensions
and bounty for services
676
THE BROOKLYN BRIDGE MUDDLE.
Nearly three years ago, and at least once since then, we
expressed disbelief in the promise of the Brooklyn Bridge
as a profitable piece of construction for the public, and
disapproval of the methods pursued in the management of
the work.
These opinions have been since amply justified
by the increase in cost, in money directly, and indirectly
through increased time consumed—interest alone, for
example, is eating at the rate of two thousand dollars for
every day in the year—and in the growing fears that the
bridge will after all prove of more practical injury and of
less practical benefit than was represented all along.
Duiing a few months past, dissatisfaction among the
trustees has been increasing, and the last three or four
meetings have been chiefly occupied with the efforts of
suppressing insurrection or rebellion”; but no debt has
several of the New York members to find out some
been incurred yet, as would have been had money been
borrowed for pension purposes. At most, this obligation important and mysterious things which appear to be in
fact though not on the record, and with the amiable efforts
is neither contract nor debt, but only an announcement or
a promise to bestow a gratuity.
There is no considera¬ of the President and one or two of the Brooklyn members
tion, and instead of becoming a recorded obligation— to soothe these aroused inquiries. The special meeting
something “ owed ” for value received—this is only a part on Monday, at which 19 trustees were present—there hav¬
of current expenditure.
Whether the Government is ing been no such large attendance before in several
bound, in law and justice, to pay these gratuitous sums, months past—brought the matters at issue so sharply int©
merely because Congress promised it would, and the view that they have compelled an- unusual public attenclaimants have filed papers accordingly, may perhaps be tion.
Before stating what these matters are, it is not out of
fairly open to question.
If one promises to make a
gift—without more calculation of what he is doing than place to remark that in a general way the New Y$rk
trustees seem to be opposed to the Brooklyn.
This divi¬
was used by the owner of the horse (in the old arithmeticsion of the board by city lines is in part because the?
example) who agreed to pay a penny for the first nail in
the shoe, two for the second, and so on—is he denied Brooklyn half of the board has been from the first more'
retreat ?
If so as to claims already filed, surely Congress actively engaged in the construction, the President, Secre¬
may erect a barrier against the still indefinite series of tary, and principal contractor, at least, being from that
those yet to be filed.
And if even that cannot be done, side of the river, and therefore the Brooklyn men are neces¬
most surely precautions and checks—hitherto, consist¬ sarily put on the defensive when any criticism of the man¬
ently, almost omitted—may be interposed against outright agement arises; furthermore, it appears—among the matters
fraud.
lately discovered and now made subjects for inquiry—that
the transit of Pullman cars over the bridge has been
To this latter end many devices have been suggested,
but for detecting fraud we know nothing like publicity. authorized, or decided upon, by somebody, and some of
Suppose, for instance, the names and residences of the the New York trustees think they see in the future an
pensioners residing in each Post-Office district were pub¬ attempt to run freight cars through this city and across
lished in the newspaper of that district, also a printed the bridge, to which they object (as also to the Pullman?
list of them put up in the Post-Office and in ten other of car) in the interest of New York. This part of the subject
the most public places in the district—how many could we do not care to discuss now, and mention it in part,
endure and pass the scrutiny which would thus be cem because it strengthens the point we raised, long ago, thattered upon them ?
In villages and country towns such a while the bridge might conceivably be a good thing for
publication would probably be. all that was necessary to Brooklyn to build we were unable to see where any inter¬
effectually detect 'the swindlers. But in our larger cities est of this city which would justify taxation for it could
in
additional
could be
adopted for securing evi¬
dence of fraud.
It seems as if some simple device of this
kind would be a very useful help in an investigation of
these claims; and we presume they will be investigated,
for the country will require it.
But if it is found that this act of folly cannot be evaded,
then after the claims have again been sifted and the
fraudulent ones taken out, it remains to provide for the
payment of the remainder. When this point is reached
it may be thought advisable to capitalize—to use a con¬
venient but in this matter almost grotesquely satirical
expression—the expenditure in a low-rate bond rather than
to leave it a running expenditure from
year to year.
We see no objection, if the thing cannot be helped, to Mr.
Atkinson’s suggestion to cover the yearly pensions for the
present by selling terminable annuities.
For example,
supposing—on this plan—6 millions outlay is made for
the new fiscal year on annuities instead of 100 millions
cash expenditure ; then the tax and tariff question can
be treated independently of this subject.
But in some
way there must be an accounting and an adjustment of
measures
the results of this blind
financiering.
be found.
gist of the present trouble in the Board of Trustees
is this: The appropriation has run out, in consequence of
changes made in construction—that, however, is compara¬
tively a trifle, for it is only the expected, as appropriations
have a known habit of running out in such matters, and
the money already spent would pay for four higher
bridges than this, on the basis of original estimates. Steel
has been substituted for iron; the changed plans add
The
weight; and now the engineer
to reduce the planking of the flooring from 3J
1,200 tons more of dead
proposes
to
inches in thickness,
expressly to save 120 tons on
the weight of this bridge, which was to be six times or so
as strong as its possible load will ever require.
“ The
change from iron to steel was forced through in such
haste (less than three weeks) that there was not time to
“
“
“calculate every part exactly.” This is what the engineer
himself says in a formal report, and thus he in part
excuses the error as to weight.
He also said, in an 187S
discovered that a Pullman car had not
room by nearly three feet,” and that “I held out for
months against this change, but in vain.” The diffi-
report, that “it was
“
head
“
three
THE
676
CHRONICLE.
[Vol. xxxm.
culty again arises that the authorized limit of expenditure course not reached yet, for the investigation is not
has been reached, and Comptroller Campbell has notified concluded; but that the wrongful management is not a
his associate trustees (substantially) that he must make a new thing was shown two years ago, when—-as we nar¬
stand on this; so the Legislature will have to be again asked rated in February, 1880, page 180—a newly elected
for more “ to complete ” this perpetually being completed New York trustee resigned directly after attending his
first meeting.
At that meeting a resolution which he did
structure. e
This is trouble enough, of course, but not the worst. not approve was passed, raising salaries of two employes,
The towers, cables and anchorages are all finished ; they and he found that the increase had already been paid for
several months to one of them, while the other had
were designed to sustain a definite weight of superstruc¬
ture.
The maximum load ever to be carried by the refused to thus receive it; also that pay-rolls lacked
bridge- in course of use was also calculated ; the dead signatures, etc. All this convinced him that he could not
weight, the other weight to be carried, and a margin
allowed for safety, make up the full strain equal to the re¬
sisting power of the structure. Twelve hundred tons, or
any other number, of increased dead weight, involve the
alternative that the bridge must be restricted to carry a pro¬
portionately less load than intended, or that the margin of
safety must be less; that is, the bridge must do less work, or
it must be less safe.
The cables and towers being unalter¬
able, this change in materials permanently deranges all
the calculations ; the bridge may be still safe and useful,
but that it must be less safe or less useful is inevitable.
Waiving the solution of this difficulty, which is a matter
for professional skill, the question has arisen, who did it ?
Who forced the changes through, over the head of the
engineer, in such haste that details could not be calcu¬
lated ? Against whom did he hold out for three months
in resistance to a certain change ?
This is what several
New York trustees have been for some weeks trying to
find out. They ask questions which their associates of
longer membership cannot or do not attempt to answer
definitely. The record does not appear to show. Some¬
body seems to have caused these steps without formal
authority, and so one of the New York members, for the
express purpose of finding out the mysterious person or
persons, offered a resolution of censure—which lies over
until the next meeting—the intention being that the persons
who obeyed orders will come forward and expose those who
gave the orders, to justify themselves.
That this trouble is not trifling is shown by an editorial,
on Tuesday, in the Brooklyn Eagle, whose editor has been
one of the trustees, and who is certainly not opposed
to the bridge management.
Says this article : “ From the
discussions which have recently taken place at the meetings of the bridge trustees, it is now evident—if it never
was before—that there is
something wrong in the prac“
tical conduct of this great enterprise.
Indeed, one
might go further and say that there is evidence of imbecility in it.” The article further says that when the
President was plainly asked, in a recent meeting, who
overruled the engineer, he said he did not know ; that
“
there was nothing to show that the board had taken any
<*
action on the subject, but finally somebody remembered
that a report had been presented in 18 78, under which
it was thought the change was commended,” but that
the report is found to deal with quite another subject ;
and that the resolution of censure “ would not have hurt
“anybody, since the parties responsible are not known.”
The article concludes by remarking that the appropria¬
“
“
“
“
11
il
H
tions
practically exhausted ” but that “ on the other
news”—what? Why “that
trustees and the wife of the chief engineer crossed
are
“side
“the
we
“
have the better
bridge from tower to tower yesterday on the perm*,-,
roadway.’’ After this test, the safety of the struc¬
under load will perhaps not be put in question!
“the
“
nent
ture
position of the subject is not trifling. Imbecility is
shown, according to this good authority; secrecy and
irresponsibility appear to be; and confidence in the whole
thing seems irreparably destroyed. The end of it is of ■
The
afford to be associated with the
enterprise.
to add the moral to the fore¬
going, but perhaps the reader may have an old one with
him which he can make answer, although it be second¬
We have left
no
space
hand.
IRELAND AND THE IRISH LAND ACT.
It is very
clear that as yet there has been no great or
perceptible change for the better in the condition of
Outrages, Boycottings, refusals to pay rent, and
evictions, are still characteristic features of the general
very
Ireland.
There is
situation.
evident unwillingness among a
an
large class to be satisfied with anything
can
do.
Mr.
the government
.
Gladstone
on
the other hand has revealed a
mar¬
patience; and it seems to be his fixed
determination that his administration shall not be stained
vellous amount of
blood unnecessarily shed. It was only when con¬
liberty of the 1 leading agitators had become
menacing to the peace of the empire that their imprison¬
ment was deemed a necessity; and it is not at all improbable
that rumor speaks truly when it says that the Prime
Minister will on the occasion of the opening of Parliament
give another illustration of his magnanimity by liberating
some of the least offending and permitting them to take
by
any
tinued
their seats.
Out of these two facts has grown an
situation
was
impression that the
passing beyond, the control of the Prime
Minister and that the
new
Land act
was a
failure. Neither
warranted. Mr. Glad¬
stone’s course is consistent throughout.
He wishes to have
the law work the cure, and proposes to give it the chance.
Nothing he has said or done is incompatible with its
rigorous and unhesitating enforcement. Should Parnell
and his associates, in the event of their liberation, again
preach sedition, it will be to their own hurt; and should
rioting ensue directly through their instigation, or other¬
wise, there will no longer be a question as to the pro¬
priety of using the military arm. It is the determination
of the government that the new Land law shall have a fair
trial, and that determination will be adhered to.
Such being the attitude of Mr. Gladstone, we are not
disposed to make too much of the discontent which still
prevails. It is quite true that among large numbers of
of these conclusions seems to us
farmers, particularly in the south and southwest, the
question of arrears, the “ no debt ” question, threatens to
be a fruitful source of trouble.
But it is also and equally
beginning to look with
favor on the Land Courts, and that they are deriving
encouragement from the decisions of the Commis¬
sioners.
The decisions, it must be admitted, so far as
they have been reported, have been fair, at least
to the tenant.
In most cases the reductions have
considerable ; and in no instance have they
been
departed far from the favorite Griffith standard. It is
not possible that such liberal action on the part of the
Land Courts should fail favorably to influence public senti¬
ment. As evidences of the growing favor and influence of
true that
the
people
are
all
over
the new
TUB CMRONIOIjB.
17,1881.]
December
courts, we call attention to the increasing
677
number
applications, and also to the conduct of certain land¬
lords who, in order to save time and expense, are making
For the
month of
Oct.
of
private and satisfactory arrangements
....
1880.—Exports—Dom.—Gold..
doubt that
evictions will be the
consequence of the non payment of arrears ; but vacated
farms will be occupied by other tenants and government
will preserve the peace.
In this way also tho tenant who
opposes the law will soon be brought to see that he only
punishes himself. Slowly, therefore, but surely, through
the firm but humane action of the government, good order
will triumph and Ireland enter upon a new era of peace
and prosperity.
One of the most hopeful signs of the times is the organi¬
sation of the Property Defense Association, under tho
auspices of the Lord Mayor of London. The existence of
this society is sufficient proof that lawlessness will not be
permitted in Ireland.
no
Silver..
Total
Imports—Gold
4,685,096
5,826,159
$12,796,444
$16,030,119
$71,569,705
1,120,006
$47,583,281
9,303,966
Excess of exports over
$17,376,064
imports $
$36,887,217
$
11,773,043
$83,342,808
$
14,552,138
41,090,803
67.256.689
Total
Excess of imports over exports
TOTAL MERCHANDISE. COIN AND BULLION’.
1881.— Exports—Domestic
$67,953,455 $684,023,440 $864,953,300
Foreign
1,726,511
19.396,611
23,614,542
$69,579,966 $703,420,051 $888,567,842
67,471,443 617,738,567 740,611,622
imports $ 2,108,523 $85,681,484 $147,956,220
Total
many
Imports
-
Excess of exports over
Excess of Imports over exports
1830.—Exports—Domestic
$80,389,910 $703,050,117 $863,305,839
2,121,234
17,531,415
20,740,436
$88,511,180 $720,581,532 $884,055,275
71,399,747 659,209,844 795,735,637
Foreign
Total
Imports
Excess of exports ovor imports $17,111,433
Excess of imports over exports
AND
FOR
THE
FOR
OCTOBER,
TEN AND TWELVE
MONTES ENDED OCTOBER 31, 1881.
[Prepared by the Bureau of Statistics.]
Below is
given the fourth monthly statement for the fiscal
year 1881-82 of the imports and exports of the United States.
The excess of exports of merchandise was as follows:
Month ended October 31, 1881
Month ended October 31, 1880
Toil months ended October 31, 1881
Ten months elided October 31, 1880
Twelve months ended October 31, 1831
Twelve months ended October 31, 1380
The
excess
was as
$9,271,536
—
31,663,571
130,473,603
105,462,491
217,887,358
155,576,327
imports of gold and silver coin and bullion
of
follows:
Month ended October 31, 1881
Month ended October 31, 1880
;
Ten mouths ended October 31, 1881
Ten months ended October 31, 1880
Twelve months ended October 31, 1881....
Twelve months ended October 31, 1880
$7,103,013
14,552,133
44,792,119
44,090,803
69,931,138
67,256,039
The total values of imports and of domestic and
foreign
18S1, and for the ten and
twelve months ended Oct. 31, 1S31 and 1889, respectively, are
presented in the following tables :
exports for the month of
Oct.,
Customs Districts.
1881.—Exports—Domestic
Foreign
Total
Imports
Excess of exports over imports
Excess of imports over exports
1880.—Exports—Domestic
Foreign
For the 10
ended
Oct. 31.
For the 12
mos.
Baltimore, Md
Bangor, Maine
Beaufort, 8. C
Boston, &o., Mass
Brazos, &o., Texas
Brunswick, Ga
Oct. 31.
1,215,113
15,472,098
18,653,290
$68,014,578 $686,411,926 $868,310,260
58,743,042 555,938,323 650,422,902
$9,271,536 $L30,473,603
$217,887,358
$34,272,736 $696,846,933 $854,958,757
10,938,155
13,010,399
$85,687,254 $707,785,088 $867,969,156
Total
Imports
54,023,683 602,322.597
Excess of exports over imports $31,663,571 $105,462,491
Excess of imports over exports
712,392,829
$155,576,327
GOLD AND SILVER—COIN ANB BULLION.
188Export*—Dom.—Gold..
do
8ilver..
Foreign— Gold
do
Silver..
Total
Imports—Gold
Silver
Total
Excess
of imports over
exports
•excess of exports over
imports
$1,455,108
$2,762,920
76,842
10,795
4,608,183
161,573
4,885,370
34,910
115,846
9G;51S
18,611
10,475
186,519
117
Buffalo Creek, N. Y
626,222
47,952
350,897
92.838
101,334
90.577
86.544
Chicago, Ill
Corpus Christi, Texas
Cuyahoga, Ohio
Detroit, Mich
Duluth, Minn-.
Erie, Pa
Galvoston, Texas
236,101
157,732
121,672
37,020
167,581
115,034
10,704
12,840
109,531
376,506
31,762
Genessee. N. Y
139,486
Huron, Mich
Key West, Florida
Miami, Ohio
423,316
39,590
51,403
340
73,650
44,120
208.646
3,109
40,100
1,331,042
38,343,574
248,8#6
20,323
7,305,459
27,118,543
'
Mobile, Ala
New Haven, Conn
New Orleans, La
New York, N. Y
Niagara, N. Y
Norfolk, &c., Va
I
Oregon, Oregon
456
8,343
2,519,995
429,311
2,368,833
87,490
2,231
1,931,845
Pensacola, Fla
Philadelphia, Pa
Plymouth, Mass
Portland, &c., Me
Puget Sound, W. T
Richmond, Va
154
-
San Francisco,
Cal
Savannah, Ga
Vermont, Vt
Wdlamctto, Oregon
Wilmington, N. C
$1,638,861
11,444,751
759,474
3,165,039
$1,565,388
$17,008,125
$8,295,490
$54,622,898
432.911
7,177,346
$8,728,401
$7,163,013
$61,800,244
$44,792,119
47,632
736,785
73
3,334,744
3,161
77,184
41,054
50,747
24 4,871
30,090
45,219
354
5,523
4,743,263
49,104
144,801
3,579,875
87,160
3.904
2.798,978
151,361
618,618
74 2,480
200,313
179,020
551,739
52,393
All other customs districts..
20
60,196
•
58,960
160,871
23,507
296,209
88,287
5,496
3,354
20,270
Saluria, Texas
San Diego, Cal
^
302,003
20i,924
Oswegatchie, N. Y
Oswego, N. Y
Passamaquoddy, Me
352
242,064
3,054,301
2,637
2,159,774
55,645
931,516
Minnesota, Minn
$470
254^785
517
42
$00,799,405i$li215,I13
Totals
EXCHANGE AT LONDON—Nov. 26.
Time.
On—
Amsterdam
Amsterdam
.
.
8hort.
3 mos.
G
Antwerp....
Hamburg
it
...
<(
Berlin
Frankfort...
f 6
Copenhagen.
St.Petera’bg.
Paris
Paris
Vienna
Madrid
...
ON LONDON
EXCHANGE ON LONDON.
3 mos.
Short.
mos.
25-G5
20-70
20*70
20-70
Nov.
Nov.
Nov.
Nov.
@25-70
@20-74
@20-74
@20-74
@18-48
@247b
25-571g@*25"65
25-20
12-00
@25-30
@12-02^
$1,992,429
13,303,901
785,239
4,176,013
$20,257,582
$80,684,315
9,504,405
$90,188,720
$69,931,138
26
Time.
Rate.
Short.
12-15
....
.....
26 Short.
<<
26
ii
26
ii
26
,
.....
....
.....
....
Nov. 26 Short.
Nov. 26 3 mos.
Nov. 26 Short.
25*29
20-43
20-43
20-43
23-24
25-281*
118-50
ii
Cadiz
Bilbao
ii
Genoa
Lisbon
1C
Alexandria
Nov.
25
=,0.0
Let lest
Date.
12’2,2 312-3^2
12-513 a> 12-533
18-45
....
3
Rate.
4678®46°8
46£%@4638
ii
2615
ii
@26-25
517e®513*
.
New York...
$163,141
890,849
13,800
497,598
Foreign
Exports.
Exports.
ended
$06,799,465 $670,939,828 $849,656,970
1,414,518
Domestic
Imports.
RATES OF EXCHANGE AT LONDON AND
AT LATEST DATE3.
MERCHANDISE.
mos
$88,319,633
ptoucJavuKCommcvcialgtiglislt Incurs
[Corrected to November 23,1S31.I
For the
month of
Oct.
$61,371,688
The following is a statement showing, by principal customs
districts, the values of merchandise imported into and exported
from the United States during the month of October, 1881:
Charleston, 8. C
EXPORTS
7,336,007
1,912,873
704,716
Champlain, N. Y
AND
$1,011,015
$2,823,926
$16,256,058
Cape Vincent, N. Y
IMPORTS
$774,962
5,428,222
1,908,164
Silver
pursued is felt to be consistent, firm, and decided.
be
Foreign—Gold
2.000
do
Take the case of
There can
Silver..
$167,871
1,949,339
do
with their tenants.
the Earl of Dunraven, a nobleman well
known in this country, who has arranged with his tenants
on a reduction of thirty-three per cent, conditioned on a
revaluation of the land, and who has received from them
arrears of rent.
Such examples will be multiplied when
the courts become more crowded and when tho policy
For
the
10 For
the 12
months end¬
months end¬
ed Oct. 31.
ed Oct. 31,
Bombay.... 60 days
ii
Calcutta....
Hong Kong..
Shanghai....
....
Is.
77ad.
Id. 7\(X.
Nov. 26 3
mos.
Nov/ 23
3 mos.
26
27
27
27
27
Short.
Nov.
Nov.
Nov.
Nov.
Nov.
4 mos.
ii
ii
«
2550
98
'4-79
Is.
8J18d.
Is. 8*ijd.
3s. 9%d.
5s. l^d.
[From our own correspondent.!
London, Saturday, November 26, 1881.
The money market has become much firmer, and the rate Of
discount for three months’ bank bills, which has recently been
CHRONICLE.
THE
678
rvoL.
Open
Bank
xxxm.
Bank
’
Open
rate.
market
■market.
rate.
cent, Has been as high as 4% per cent during
Pr. ct.
Pr. ct.
Pr. ct.
Pr. ct.
the current week, or within % per cent of the official minimum. Paris
Madrid & other
434
4
5
5%
Spanish cities
5%
So sudden a change was by no means expected to take place, Brussels....
6
St. Petersburg...
6%
3%
4
Amsterdam
6
Geneva
5*2
but rapid communications necessarily lead to surprises, and Berlin
4%
5%
5
5
Genoa
44
these will probably be as frequent in the future as they h ive Hamburg...
4
4
434
Copenhagen
Frankfort...
6
4
4
Bombay..
been in the past. The market closes with a somewhat quieter Vienna
The increased firmness of the money market and renewed
appearance, the demand for money having subsided since the
^publication of the Bank return; but the quotation for three indisposition on the part of the banks to lend freely to the
•months’ bills is 4% to 4^ per cent, and there seems to be some Stock Exchange have caused the stock markets to rule dull,
•expectation that that quotation will be fairly maintained. and prices have had a downward tendency. The American
Next week the money accumulated by the Indian Government market has been weak and a want of activity has been apparent
to pay off the 4 per cent loan will be released, and that opera¬ in it. New York advices have not been favorable, and sales
tion should produce some degree of ease in the market; but the have, in consequence, predominated.
British railway securi¬
recent improvement has been by no means entirely due to the ties, however, though lower in value, can scarcely recede much
requirements of the Indian Government, the movements in in price, as the traffic receipts are very satisfactory and the
gold and the improved trade demand for money having had a balance sheets for the current half-year must be gratifying to
more decided
and more permanent influence. During the the shareholders. The earnings of the 14 principal railways of
present week the movements in gold have been somewhat England since July 1 have amounted to £21,637,339, against
important. Some surprise was occasioned by the withdrawal £20,949,036, being an increase of £688,253 ; while on the three
*f a moderate supply on Canadian and American account, but Scotch lines since August 1 they have been £2,105,033, against
the operation is understood to have been quite exceptional, £2,004,429, or an increase of £100,604.
notwithstanding that the New York exchange on London has
Daring the next session of Parliament, power will be sought
become less favorable to this country. Some additional with¬ for the construction of many works of public utility. There
drawals of gold have also been made, chiefly for South America, will be many applications to extend the existing railway sys¬
And on its foreign and Colonial operations the Bank of England tem, and it is stated that Parliamentary agents have not been
so busy as they are now for many years past.
Many are of
has been a decided loser during the last few day3. Coin is,
opinion, in fact, that we must go back to the year 1845 before
however, returning from provincial circulation, and the last we reach a period of similar animation. There will, undoubt¬
Bank return shows that, notwithstanding there had been an edly, be much employment for the working classes, not only
-efflux on balance, according to the daily returns, of £288,000, next year, bat also in future years, unless serious political
the falling off in the total supply of bullion was not more than complications should arise.
The weather duriug the past week has been mild but boist¬
£70,273. About £218.000 in coin had been returned, therefore, erous. Shipping disasters have been numerous ; but agricul¬
from provincial legislation. That return may have been has¬ tural work has made satisfactory progress. Those farmers who
tened by the increase in the value of money in the London commenced autumn work early say that the season lias been
unusually favorable, and that autumn sowing is being com¬
market, there having been much more demand for deposits
pleted under very satisfactory conditions. Our imports of
among the discount houses.
On Monday those establishments wheat are liberal, and British farmers have delivered moderate
increased their rates for deposits to the extent of one-quarter supplies. The trade has, in consequence, been dull, and sales
have only been practicable by submitting to lower prices. The
per cent, thus retracing the step they took a few weeks pre¬
vious when the money market assumed so very easy an quantity of wheat afloat to the United Kingdom is estimated at
2,444,000 quarters ; flour, 106,000 quarters, and Indian corn,
appearance. The Bank return also shows a falling off in the 164,000 quarters.
note circulation of £434,295, and the result is that the total
During the week ended November 19, the sales of home-grown
reserve has been augmented by £364,022.
The proportion of wheat in the 150 principal markets of England and Wales
amounted to 41,911 quarters, against 40,982 quarters last year
reserve to liabilities shows a moderate improvement, it having
and 40,065 quarters in 1879; while it is computed that they
increased from 39T7 to 40’44 per cent. The probability seems were in the whole kingdom 167,700 quarters, against 164,000
to be that the demand for money will remain upon a fair scale, quarters and 160,260 quarters in the two previous years respec¬
.and that present rates will be very satisfactorily maintained. tively. Since harvest the sales in the 150 principal markets
have been 583,571 quarters, against 523,662 quarters and 327,553
•Some are, indeed, of opinion that there will be a slight relapse
quarters; the estimate for the whole kingdom being 2,334,300
in the course of a few days, but the close of the year is
quarters, against 2,094,640 quarters in the corresponding period
.approaching, and the commercial inquiry for money is still of last season and 1,347,000 quarters in 1879. Without reck¬
increasing. The gold movements are also uncertain, and our oning the supplies of produce furnished ex-granary at the
commencement of the season, it is estimated that the follow¬
importations cannot be large. There are, therefore, reasons ing
quantities of wheat and flour have been placed on the
for believing in a firm money market and in the maintenance British markets since harvest. The visible supply in the
of the present very satisfactory quotations.
The following are United States is also given :
as
low
as
3 per
'
....
....
#
the present rates
for money
■Open-market rates—
30 and 0-:) days’ bills
4^83>4^
Open market rates—
Per cent
4 mouths’ bauk bills
6 months’ bank bills
4 & 6 months’ trade bills.
4%® 4%
4%@458
4% a)5%
438o>41a
3 months’ bills
increased their allowance of inter¬
for deposits to the extent of one-quarter per cent, and the
The discount houses have
est
-quotations
are now as
under :
Per cent.
Joint-stock banks
Discount houses at call
with 7, 10 or 14 days’ notice of
do
4%
4%
434
withdrawal....
present position of the
Bank of England, the Bank rate of discount, the price of con¬
sols, the average quotation for English wheat, the price of
middling upland cotton* of No. 40 mule twist, fair second
-quality, and the Bankers* Clearing House return, compared
Annexed is
a
statement showing the
1881.
1880.
1879.
1373.
£
£
£
£
25,551,275 26,136,020
4,204,692 5,479.203
22.289,797 25,219,515
13,244,014 14,865,070
20,350,882 17.932,292
-Other deposits
'Governm’t securities.
Other securities
Bes’ve of notes & coin. 10,809,471
Coin and bullion in
f both departments..
20,610,746
Proportion of reserve
Bank rate
-Consols
Eng. wheat, av. price.
40-44
5 p. c.
99 7a
458. 4d.
Mia. Upland cotton...
40 Mule twist
10 %d.
to liabilities
69icd.
15,813,833
26,949,903
27,306,115
3,140,668
31,087,300
17,290,587
18,837,535
16,065,004
p. c.
3 p. c.
98^
65gd.
10%d.
27.060,490
14,737,672
20,630,981
12,743,428
23,371,119 26,503,333
100 \
44s. Id.
2%
28*759,905
3,111,753
473. lOd.
67ad.
10%d.
5 p. c.
96%
41s.
2d
94,076.000 77,410,000 73,196,000
The following are the current rates for money at the princi¬
'Glear’g-house return .104,540,000
pal foreign centres:
1878.
1879.
13,326,531
1,717,960
12,626,o00
23,132,526 23,215,393
27,670,991
Total
Deduct
exports
wlieat and flour
23,576,942
of
„
. „
„„„ r/w.
475,952
267,523
649,^*3
0
28,608,478
27,947,865
27,021,668
wheat for season (qr.) 48s. lOd.
Visible supply of wheat
in the U. S..f. bush.21,100,000
42s. 2d.
48s. 6d.
Result
Av’ge price of
427,172
23,149,
English
41s.
6d.
23,200,000
and
Kingdom
compared with the
The following return shows the extent of the imports
exports of cereal produce into and from the United
during the first thirteen weeks of the season,
corresponding period in the three
previous seasons.
IMPORTS.
cwt. 15,762,408
Wheat
Oats.....
Peas
Beans
Indian com
Flour.....
:
1879.
1830.
1831.
16.579,948
19,406,529
3,963.923
3,166,348
4,508,835
3,610,798
2,857,922
547,268
517,311
646,547
448.017
402,873
7,319,887
2,699,284
9,872,878
2,880,778
1878-
13,326,531
5,152,735
767,400
*
5,629,189
2,973,764
EXPORTS.
1881.
cwt.
Wheat
Barley
Oats
Peas
Beans
387,688
13,405
205,676
23,364
9,902
50,935
Indian corn
Flour
5%d.
9%d.
’
16,174,948 19,406,529
Imports of flour
2,699,234 2,830,773 2,973,764
Sales of Rome-grown
produce
....10.115,250 9,076,800 5,335,100
Imports of wheat.cwt. 15,762,403
Barley
with the four previous years.
Circulation
Publie deposits
1880.
1881.
:
Per cent.
5
Bank rate
••••
...
39,484
English Market
The
1879.
231,304
5,455
12,067
-
25,551
9,190
292,454
36,224
Reports—Per Cable.
daily closing quotations
for securities;
&c., at
and provisions at Liverpool, are
follows for the week ending December 16:
and for breadstuffs
by cable as
1880.
434,674
4,045
103,882
47,479
13,681
56,490
41.278
4,236,622
3 364,339
528,280
474,116
9,601,697
1,707,960
1878.
624,627
51,481
35,495
5.483
2,363
86,966
25.493
London,
reporte
Sat.
London.
Silver, per oz
22..565909768——TThhee
Consols for money
Consols for account.
52
d.
99»|a
993s
....
Pennsylvania
—
Philadelphia & Reading.
Sl78
99316
997i«
5178
993t6
51%
99316
99716
51%
993.6
997.6
99316
9971Q
999,b
117*2
122
122
122
143
4678
137*4
s.
14 0
10 7
10 8
10 10
10 2
5 10*c
71 0
18 0
Beef, pr. mess, new,# to. 92 0
Lard, prime West. $ ewt. 57 0
Cheese. Am. choice, new 55 0
State.. 100 lb.
Wheat, No. 1, wh.
“
Spring, No. 2...
Winter, West,, n
“
“
Cal. white
Corn, mix., West.
•*
Pork, West, mess.. $ bbl.
Bacon, long clear, new..
Flour (ex.
105%
117*2
xl21
46*4
137*4
465s
65
353a
112*2
35%
"
143
lues.
d,
8.
14 0
10 7
10 8
10 10
10 2
5 10*2
74 0
48 0
92 0
57 0
55 0
d.
0
6
8
10
2
•
105%
117*2
121
463s
137
65
3538
35*4
±140*2 140*8
Wed.
Thurs.
d,
0
7
8
10
7
8.
51%
85-80
65*4
Mon.
d.
.<?•
Fri.
117*2
Sat.
Liverpool.
Thurs.
137*2
65%
3o *4
143
York Central
Wed.
47*4
137*4
Illinois Central
Tues.
117*3
47
CHRONICLE
Mon.
85-82*2 85-87*2 85-85
105 %
105%
105%
85-92
105 Lj
117*4
121*4
Fr’ch rentes (in Pans) fr.
U 8. 5s extVd into 3^3
tj. S- 4*38 of 1891
U. 8. 48 of 1907..
Erie, common stock
New
THE
17,1881.]
December
d.
8.
Fri.
s.
14
11
14 0
10 7
10
10
10
LO
10 8
10
10
10 10
10
10 7
10
5 10*2 5 10*2 5 10*2
74 0
74 0
74 0
48 0
48 0
43 0
92 0
92 0
92 0
56 9
57 0
57 0
55 0
54 6
54 6
d.
14 0
10 5
10 8
10 9
1U 7
5 10
74 0
48 0
91 0
57 0
54 6
Commercial miclJPdsccILitieoxts IJexxis.
National Banks.—The
following national banks have been
Of the above imports for the week in 1881, $77,223 were
American gold coin and $16,306 American silver coin. Of the
exports for the same time $1,860
American silver coin.
Cincinnati's Coal Trade.—Mr. Sidney D. Maxwell, Superin¬
tendent of the Cincinnati Merchants* Exchange, gives, in his
forthcoming annual report, the following table, showing the
annual receipts at Cincinnati of the various kinds of coal in a
period of four years:
were
1880-81.
Bush.
Kinds.
1879-80.
Bush.
1878-79.
Bush.
1877-78.
Bush.
Pittsburg (Yougliiogheny)23,202,084 31,750,968 20,769,027 26,743,055
Ohio River...
Kanawha
Muskingum Valley
Hocking Valley
3,151,934
4,268,214
10,715,459
211,150
1229,068
8,912,801
209,280
1299,348
202,489
Cannel
Anthracite
Other
67,681
receipts *
Total
*
770,525
712,075
1,896,534
1,843,071
4.068,452
6,134,039
85,500
800,000
333,549
768,750
1,251,350
3,288,008
6,386,623
118,583
1,039,775
380,768
439.350
496,067
40,244,438 48,198,246 34,210,667 33,892,229
Principally Hocking
and Muskingum Valleys, Washington
and
Piedmont coals, not elsewhere embraced.
t Not including coal consumed for railroad purposes, which, in 1879-80
and 1880-81, is embraced under the head of “ other receipts.”
—Littells Living Age
for
18S2.—This
widely-known weekly
magazine has been published for nearly forty years, ana
during that long period has been prized by its numerous read¬
ers as a thorough compendium of the best thought and literary
work of the time. As periodicals become more numerous, this
one
organized:
679
becomes the
more
valuable,
as
it continues to be the most
thorough and satisfactory compilation of the best periodical
literature of the world. Its prospectus is well worth attention
in selecting one’s periodicals for the new year. New subscribers
remitting now for the year 1882 will receive the intervening
Cashier.
First National Bank of Ogden, LTtah Territory. Authorized numbers gratis, and its clubbing rates with other periodicals
capital, $100,000. H. S. Eidredge, President; H. S. Young, are worthy of notice. Littell & Co., Boston, are the publishers.
Cashier.
First National Bank of Storm Lake, Iowa. Authorized cap
ital, $50,000. James Ilarker, President ; J. C. French, Cashier
State National Bank of Logansport, Ind. Authorized capital*
$100,000. William H. Johnson, President ; John C. Ingram*
Garfield National Bank of the City of New York, N. Y.
Authorized
capital, $200,000.
George F. Vail, Cashier.
George H. Robinson, President;
First National Bank of Wallingford, Conn.
Authorized
Samuel Simpson, President; William II.
capital, $100,000.
Newton, Cashier.
,
Lancaster National Bank, Lancaster, N. H. Authorized
capital, $125,000. George JR. Eaton, President; Frank 1).
Hutchins, Cashier.
’
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show
an increase in dry goods and a decrease in general merchandise.
The total imports were $6,993,643,against $7,279,494 the pre¬
ceding week and $7,484,000 two weeks previous. The exports
for the week ended Dec. 13 amounted to *$6,800,000, against
$7,100,090 last week and $7,049,570 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Dec. 8 and for the week ending (for genera]
merchandise) Dec. 9; also totals since January i:
FOREIGN IMPORTS AT NEW YORK.
For Week.
1878.
1879.
1880.
1881.
Dry Goods
Gen’lmer’dise..
$1,177,106
6,094,961
$1,634,220
$1,403,073
3,589,136
5,994,214
$1,207,108
5,786,535
Total
Since Jan. 1.
$7,272,070
$10,223,356
’$7,402,292
$6,993,643
Dry Goods
$72,965,464
Len’l mer’dise..
$88,351,177 $116,297,947 $105,401,203
203,956,939
235,765,483
Total
342,110,614
308,004,123
$276,922,453 $324,116,660 $458,408,561 $413,405,326
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. 13, and from January 1 to date :
—Attention is called to the
advertisement of Messrs. Woods
Murphy in the Chronicle of to-day. This firm, organized some
eight months ago, is an active house in dealings at the Cotton
Exchange and in stocks and bonds. The partners of the firm
were both originally from the South where they have a large
acquaintance ; Mr. Woods, however, has resided in New York
for many years, while Mr. Murphy was for a long time con¬
&
nected with
one
of the oldest banks in California.
—Messrs. John S. Barnes, 18 Wall Street, and Chase & Higginson, 24 Pine Street, are offering for sale the 6 per cent first
consolidated mortgage bonds of the South Carolina Railway
dated Oct. 1, 1880, and having 40 years to run. The price is^
102^ and accrued interest.
—A dividend of 1% per cent has been declared on the pre¬
ferred capital stock of the Chicago St. Paul Minneapolis &
Omaha Railroad Co., payable at their office on the 19th of Jan.,
1882.
Books close Dec. 31,1881 and re-open Jan. 23, 1882.
—Messrs. Geo. Wm. Ballon & Co. offer $200,000 Massachu¬
maturing from 1886 to 1894; also a selectiom
7 per cent city and railroad bonds for invest¬
setts Tswn Notes,
of 6 per cent and
ment.
—The usual $30,000
to date of
Grold
dividend (for November) making a total
$1,200,000, has been declared by the Homestake
Mining Company of Dakota.
—The attention of bankers is called to the advertisement of
“Stockbroker” on the fourth page of the Chronicle.
BANKING AND FINANCIAL.
EXPORTS FROM NEW YORK FOR THE WEEK.
1878.
For the week...
Pfcev. reported..
1879.
1880.
1881.
$6,331,833
$7,153,602
327,526,596
$7,255,748
330.799,407
♦$6,800,000
390,157,908
358,601,330
OPENING OF A NEW
OP THE
TRUNK
LINE FROM THIS
Total s’ce Jan. 1 $333,858,429 $337,953,009 $397,413,656 $365,401,330
ATLANTIC SEABOARD
•Estimated. We have been unable tb procure the figures from the
Custom House.
importance that we have taken more than our usual pains to lay the*
The following table shows the exports and imports of
specie
the port of New York for the week ending Dec. 10 and since
information before our customers and
We have just
January 1, 1881:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Gold,
Week,
Great Britain
Uermanv.
West Indies
11,500
2,000
Mexico...
South America
All other countries
Total 1881
Total 1880
Total 1879
2
,
.
Since Jan. 1
$543,299 $32,902,533
4,035,526
9.287,516
7,780
30,677
253.706
3,647
102,700
63
$440,066
51,500
4,031
2,237,523
$151,700
$9,424,537
2,074,169
3,020,611
382,360
753,929
2,046,602
$585,466 $52,434,077
3,S25,4I0 59,218,946
1,321,514 75,295.236
other countries
Total 1881
Total 1880..
Total 1879
issued
a
379,950
270,809
10,204
sc
v
14,642
32,398
46,094
1,860
31,656
$153,560 $10,162,250
161,500
5,848,639
193.018
12.018.845
1,490
3,750
$52,280
$220,883
20,065
241,735
896,849
1,161,052
174,278
25,511
196,507
$2,740,378
5,372,611
14,058
7,675,177
WEST is an event of so muck
correspondents.
pamphlet, copies of which can he obtained at
office, giving an account of the completion of the
OHIO RAILWAY te Newport News, and also
LEXINGTON
between the
& BIG SANDY
CHESAPEAKE Sc
of the ELIZABETHTOWN
RAILROAD, forming the connection;
Chesapeake & Ohio and its allied lines,. West, Southwest
and Northwest.
The
and
Chesapeake Sc Ohio now enters the field as a through trunk line
as
of the
the shortest route to the seaboard for ten millions of
Alleghanies, with very light fixed charges and a
people west
rapidly-develop¬
ing local business.
The company are now
Mexico.
South America....
_
Week.
Silver.
Great Britain
France..
Germanv..
West Indies....
Ail
Since Jan. 1
$70,160
France....
our
Imports.
TO THE
of
ready to sell the $2,000,000 six per cent bonds
1911, issued on tho completed road to Newport News.
accrued interest.
and 18 of the
A description ef the
Price, par and
bonds will be found on pages lf>
pamphlet.
FISK & HATCH,
No. 5 Nassau Street*
THE CHRONLCLE.
680
Francs, 5 20Ys@5 21% and 5 25%@3 20%; marks, 94@94% and
94%@95; and guilders 39%(340%.
In domestic bills New York exchange was quoted to-day
lire JlJauUcvs’ (gazette.
dividends:
places named: Savannah, buying % off
selling %@% off ; Charleston, buying %@5-16 discount, selling
par@% discount. New Orleans commercial, 150@200 dis., bank,
par ; St. Louis, 50 discount ; Chicago, 50 discount; Boston, 25
follows
dividends have recently been announced:
The following
Per
cent.
Name of Company.
Railroads.
Boston & Lowed
Chic. 8t. P. Minn. & O. pref (quar.)
[Vol. XXXIU,
When
Book8 Closed.
Payable.
(Days inclusive.)
the
at
(a 40 prem.
Jan.
Jau.
*10
Georgia RR. <fc Bank. (quar.)
Lea Moines pref. (quar.)
Lehigh Valley (quar.)
Missouri Pacific (quar.)
1
h
0
4
Jan.
Dec.
Jan.
Jan.
Jan.
Jau.
5
Jan.
1*9
Jan.
$2 50
Keokuk
Panama,
l-h
1 a2
1*2
Deo. 15 to
1 to Jan. 2-2
10 Jan.
1 r> Doe. 10 to
23
Quotations for foreign exchange are as follows, the outside
prices being the posted rates of leading bankers :
15)
3;Deo. 21 to Jan.
3 Doe. 24 to Jan.
11...
3
3
Philadelphia Wilmington <fc Halt.
Prime bankers’ sterling bills on London. 4 80 70 4 81
2 9
Jan.
2*
7
4 79 ©4
Richmond Fredericksburg *
& Pot.
Prime commercial
Ilauk.
Oriental
Miscellaneous.
Western Union Telegraph (quar.).
*
Documentary commercial
3‘...
lGiDoc. 21
16
to Jan.
Paris' (francs)
Amsterdam (guilders)
Frankfort
eent in dividend obligations.
Also 70 per
NEW YORK, FRIDAY.
.
4 78*2©4 79
5 20*43)5 2438
Bremen(reichmarks)
30*2®
39^
94
94*4
®
4
4
4
5
84
*3
©4 85
©4 83*o
82*3®4 83
21 *4®5 1930
397e®
947s®
40*8
95%
United States Bonds.—The market for government securi¬
DECEMBER 16, 1SS1-5 P. HI.
and Financial Situation.—The money
daring the past few days, and stocks, though
The Money Market
market has relaxed
or
Demand.
Sixty Days.
December 1G.
sluggish, have generally maintained their prices, with some
exceptional advances.
In the railroad war, history repeats itself, and now in Decem¬
ber, 1881, we find the officers of the great trunk lines at swords
points over the same issue which was so bitterly fought out in
the days of Commodore Vanderbilt, and was determined in his
favor in December, 1876—a short time prior to his death. The
question of one uniform freight rate from Chicago to the
Atlantic cities is an issue of great simplicity, free from all tech¬
nicalities and entangling circumstances, but it is one against
which the Philadelphia and Baltimore people take a firm stand
as on a question of vital importance to their interests.
Mr. Van¬
derbilt has agreed to submit the matter to the arbitration of
a- distinguished
gentleman named by himself, Mr. Charles
Frarcis Adams; but if Mr. Vanderbilt is willing in good faith to
submit to arbitration, it is obvious that the arbitrators must be
chosen by the several parties to the dispute, and not by one of
them alone. The decreased net earnings caused by the recent low
freight rates recall forcibly to mind the effects of the former
war, when, partly in consequence of its disastrous effects, the
Erie Road went into the hands of a receiver,and the Pennsylvania
and Baltimore & Ohio suspended for some time the payment of
cash dividends, while the New York Central & Hudson in one
year at least failed to earn its 8 per cent dividend, except by
reducing the expenditures on its roadway, etc., to an abnormally
low figure. With the great changes which have since taken
place in the business of the country and the growth of loeal
traffic, it is doubtful if any war now could be attended by equally
serious results.
In the early
pretty active, and the purchases of bonds are only
by the difficulty of obtaining considerable amounts with¬
out advancing prices.
The 3% per cents continued have been
a trifle weaker on the favorable consideration given to Secretary
Sherman’s 3 per cent bill by the Senate Committee, notwith¬
standing Secretary Folger’s opposition to it. At the Sub-Treas¬
ties has been
limited
Wednesday the bonds of the 106th call offered amounted
$5,489,500, and all were accepted. It is impossible to eay
what part of $5,000,000 will be obtained next Wednesday, but
probably less than the full amount, and still less in the week
ury on
to
following.
,
The closing prices at
the New York Board have been as follows:
Dec.
10.
J.
101*s ‘101
Interest
6s, continued at 3*2- 5s, continued at 3*2..
4*28,1891
reg.
4*28,1891
coup.
4s, 1907
reg.
4s, 1907
6e,
6s,
6e,
6s,
6s,
*
Dec.
12.
Periods.
& J.
Dec.
13.
*101
Dec.
15.
Dec.
14.
*1003± *100*4
1003*
10278
114*2 11450
1145J. *114*2
103
103
103*8
Q.-Feb. 102 78 103
Q.-Mar. *114*2 *11450 *11438 *ll45s
Q.-Mar. 114*2 114*2 *114*2 *11438
Q.-Jan. 117*2 '1175s *117*2 11750
coup. Q.-Jan. 118*3 118*2 1183s 1185J.
cur’cy, 1895..reg. J. & J.
cur’oy, 1896..reg.
cur’cy, 1897..reg.
our’ey, 1898..reg.
cur’cy. 1899..reg.
This is the price
J.
J.
J.
J.
127*2 '127
& J. *128
& J. -128*2
& J. 129
& J. 130
*128
*129
*130
*131
*127
*128
*128
*129
*129
Dec.
16.
1175s
*118*1
*127
*128
*129
*130
*13 L
*127
*127
*128
*128
[*129
11730
118*2
*127
*123
*129
*130
*131
made.
hid at the morning board; no sale was
Bonds.—The transactions in Tennessees
large at rising prices, and the renewed confidence is
based on the fact that the bond case has been advanced on the
Supreme Court calendar at Nashville, and a decision is expected
in favor of sustaining the funding law. Other Southern State
bonds, on a moderate business, are generally firm. Railroad
bonds have shown some activity m the speculative issues and a
well-distributed business at steady prices on the investment list.
Messrs. A. H. Muller & Sou sold the following at auction this
State and Railroad
have been
part of the week the rates for money on call week:
Shares.
5 Manhattan Fire Ins. Co..104
were still high, and stockbrokers paid 6 per cent and frequently
03 Engle Fire Ins. Co
..240
Bo tuts.
500 Oswego & Syracuse Rada commission besides of 1-64 to 1-16 of 1 per cent, but the past
road (quHi*.)
145 ©146*2 $11,000 Torre Hauto & Ind¬
ianapolis RR. lstmort.7s,
National City Bank
2GG
day or two the prevailing rate has been 5(5:6 per cent; govern¬ 200
due 1893
..114*4
208 Shore Line Railway Co..150*2
150 N.Y. L. Erie & West. RR.
ment bond dealers have obtained money throughout at 3% @4 250 Greenwich Bauk
113
income bond scrip
88
20 Metropolitan Gas-L, Co..l5G
per cent. Prime commercial paper sells at 6@6% per cent. *
9,000 Third Avenue RR. 7s,
5 Long Island Fire Ins. Co. 121
due 1830
116® 115*4
30 United States Fire Ins.Co.l44*2
The Bank of England statement on Thursday showed a gain of
500 Worcester RR. of Mary40 Tradesmen’s Fire Ins. Co. 104 34
land and Virgiuia 1st 6s,
£7,800 in bullion, and the percentage of reserve to liabilities was
8 Star Fire-Ins. Co
89*2
due 1896. October, 1876,
10 Manufacturers’ & Build¬
39%, against 39 9-16 last week. The discount rate remains at 5
coupon on
33
ers’ Ins. Co
141
20 Sterling Fire Ins. Co....
G9
per eent. The Bank of France gained 1,350,000 francs gold and
lost 470,000 francs silver.
Railroad and Miscellaneous Stocks.—The Stock Exchange
The last statement of the New York City Clearing-House markets have not shown any general activity, but in special stocks
Danks, issued Dec. 10, showed a further decline of $531,000 there have been, as usual, some exceptional movements. It is
hardly to be expected that with a pretty .close money
below the legal limit, and the total deficiency was $961,975,
market, and in the last half of December, we should
have any extraordinary operations in the way of a bull or bear
against $430,875 the previous week.
The following table shows the changes from the previous week campaign, but as to the general feeling in Tegard to the course
of prices in January, it seems rather to favor the idea of stronger
and a comparison with the two preceding years:
prices. The support to the market by heavy capitalists is im¬
mense, and this counts more at any given time than the actual
1879.
1880.
1881.
Differ’ nces fr'm
,
.
Dec. 10.
previous
Loans and die. $314,788,900 Dec.
flmoiA
A
54,858,900 Deo.
week.
Dec. 11.
Dec. 13.
$532,800 $293,959,200 $275,750,100
,54,069.400
53.933.200
457,900
23,463.800
18.485.200
98,200
192.400 266,385,200 217,559,200
13,403,900
12,579,900
121,300
$43,100 $06,596,300 $61,889,800
67,473,300
06,513,100
579,200
condition of the various companies, though
income must be the test for every stock..
Louisville & Nashville has been active
in the long run net
#
and higher on the
reports that the company has obtained control of the Chicago
Illinois and connecting lines to Evansville. The
15.740.400 Dec.
Richmond & Danville and the Richmond & West Point T;R.& W.
$71,561,275 Dec.
Co. have been active at higher figures. The Oregon & Trans¬
Reserve held.
70,599,300 Deo.
continental among the new comers on the Board list has also
shown considerable sales. The suits against the Manhattan
Def.
$5,583,500
Dec.
$83,200
$531,100
Def.$961,975
Surplus.
Company to enjoin the new Metropolitan lease, which had not
Exchange.—The rates of leading drawers of foreign bills been submitted to the stockholders, is yet before the courts.
The question involved—whether directors of a railroad, can
remain nearly the same as last week, but the tone is stronger.
abrogate or change a lease without a vote of the stockholders
To-day the actual rates for prime bankers’ sterling were about is one of the most important that can be brought up in the law
4 8014 and for demand 4 84%; cable transfers, 4 84^4@4 85%, of corporations.
At the close to-da^ prices were rather weak ana feverish. .
and prime commercial bills 4 78%@4 78%. For Continental bills:
.
Circulation...
Hefc deposits.
Legal tenders.
Legal reserve.
20.236.400 Inc.
286,245,100 Dec.
& Eastern
,
c
*
«
THE CHRONICLE.
17,1881.]
December
681
RAtfGK itf PRIG.133 AT THE N. Y. STOCK EXCHANGE FOR THE WEEK, AND SINCE JAN. 1.
DAILY
STOCKS.
ItAlliKOAIW.
.
&
Albany
Mondav,
Tuesday,
Wednesday,
Dec. 1 2.
Dec. 13.
Dec. 14.
*133
133
.Do
Do
Chicago A
Do
pref.
Chicago Burlington A
Quincy..
Chicago Milwaukee A Bt. 1 anl.
Do
prof.
Chicago A
Northwestern.^.....
Kock Ish A I’acilio
Chicago St. L. A New Orleans..
Chicago Bt. Paul Mum. A Om
pref.
Do
Cincinnati Sandusky A Clev.. - Cleveland Col. Gin. A lnd
Cleveland A Pittsburg guar....
Chicago
Columbia & Greenville, pref-...
Columbus Chic. A Iud. Central.
Danbury A Norwalk............
W est.
Delaware Lackawanna A
Denver A Rio Grande
Va, A Ga...—
I>ref..
Do
Ceorgia Railr’tl A Banking Co.
Hannibal A Bt. Joseph
prof
Do
Harlem
-
Houston A TexaB
Central
Illinois Central
Indiana Blooin’n & West., new.
Keokuk & Des Moines
oik
34
95 k
94 34
20 k
39 7a
35
95 7p
*8tk
60 34
135
135
65
66
137
81 *2
01k
81 *2
60 ^
65
95 k
27 k
40k
29
3
>
95 k
95 k
27 k
407h
134
131
133n4 13334
*140
*140
139 *a
188 V. 139 V
106 Je 106 a, 106 k 107
isoi;
1*2434
tl247® 128
141
141
125 >.]
134*1 i34*V
*83*2
39
*84
39 k
86
39 k
102 J8 102 *a
,
Dec. 16.
13
65 V
21
213«
21k
80k
15 k
25
*27V
139
15 k
25
97 k 97 k
112 7e 113V
87
134
52
90 k *9*6
133 V 134
51
5134
—
Long Island
Louisiana A Missouri River....
Do
pref—
Louisville A Nashville
Louisville New Albany A Chic.
Manhattan
Manhattan Beach Co
Cincinnati, 1st pref.
2d pref.
Memphis A Charleston
Metropolitan Elevatod
Michigan Central
Milwaukee L. Sh. A West., pref
Minneapolis A Bt. Louis
Do
pref...
Marietta A
Do
Missouri Kansas A Texas
19 V
20
V
37 V
95 k
94k
*95 V
92 3g
9GV
93 k
*?9
*69
30
70
Do
pref
9334
New York New Haven A Hart. *169 7e
New York Ontario A Western
31k
Norfolk A Western
Do
pref...
57h,
Northern Pacilic
39 7g
Do
81
pref
Ohio Central
23*9
Ohio A Mississippi
39 V.
Do
prsf
Ohio Southern
..
.
Do
St. Louis A San Francisco pref.
Do
pref.
1st pref.
.
Do
8L Paul A Duluth
..
Do
pref
St. Paul
Minneap. A Manitoba.
Texas A Pacific
Toledo Delphos A
Burlington
Union Pacilic
®
Wabash Bt. Lon is A Pacific
Do
..
28 34
18
93
i*2i*
70
41
30
nref
v
......
i*2*47g 125 ig
1*2*4 k i‘2 5
124k 12*5
139k139k
3.2*41 g *124 k
134 k 134 k
134 k 134 V>
83
83 '
140
140
13434 13434
139 V
106k 106k
*83 k
3S»
85 k
39k *38k* 39
102 k 102 kl 102 k 102 k
39 ’-4
38k
21
21i4
21k
127 k 127 k
95 k
93
20 k
20 k
21
127 k 127k
79 k 80 k
*84
87
15
*24 7e
1514
25 V
15 k
15 k
14k 15
2434
25
97 k
97 *2
97 k
98
90k
25 k
25 k
98
98 k
114 k 114k
90k
133 k
51k
383
93
21
80k
133
*51
38 k
101k 102 k
91k
8Uk
90
140
91k
80 5g
13334
5134 513.
140
92
80 k
90 k
133 3g
138 k 138 k
105 k 100 k
92
133
133 k
60 k 50 k
43 V
54 k
54 k
54 k
03 k
327 k 128k
75 k 79k
14 34
25
15 k
25 h
98
98 k
114 k 110
88
88
132 k 133 k
60k
51k
43
43
120k 120k
54 k
37 k
36V,
28 *2
27 V
31
18
94
931 j
50
30
70
92 3g
23
37
70 V
96
02 \
29 hi
40
106
40:i4
1063l
363j 3634
86 k
138
109 V *109
88
1383,
56
29
18
17
17
16k
16k
70
8
75
8
79 k
93
93
72
91
921
90 k
91k
91
92k
40
49
93
92 k
■
29
69
40
40k
106 k 107
108 k 108 k
45
45 k
93 k
45rn
93 k
30 34
*171
30 k
31k
57 k
39 7«
81 *8
58
30 k
80 k
58 k
40
58
58 k
3934
39k
81
25 7,
25 k
oOV
39 k
25 k
39 k
81
25 k
39 k
81k
45k
109\
39 H
6834
*134
136
39
39
5,010
Lowest.
120
25
45
37
09
.Tan.
Dec.
Apr.
Feb.
Fob.
55»4 Oct.
900
4,050
6,895
400
300
5
135
7
7
26
24
1‘.
6
30
60
90
90
45
4 112
94
94
44
65
65
58 k
89 k
81k
8ik
25>k
38 k
25
93
44
29
65
65
22,575
10,631
1,100
91k
13534 I303g
32,326
1.400
*170
30 k
58
39 k
80 V
25k
38
30 k
59 k
39 k
81
27 k
38k
1
41k Feb.
3D34
09k
25,305
27
27 k
28k
28 k
44
67k
44
67 k
44
44
74 k
04 k
IO534 105 k
20
20
5234
53 k
74 k
74 k
lll7g 112k
51
53
10,670
12,260
405
150
100
150
6,500
72,932
400
20 k
Il9kl20k 119 119k 119 119k 119k H9k 118k 119k
41
40k 41k
40k 41k
4()34 41k
40k 40 k
41k
81
81k 83 k) 8134 82 k
81k «2k 81k 82
81k
83
134
100
990
2,200
64 k
i*12*k 112k
1*4*66
200
141
100
400
93
44
4*,i*7*5
1,480
12,135
2,150
3,200
38 k
68k
39 k 47
152
164
150
159
9
Aug.
Oct. 10
Jan.
J an.
Feb. 18
25
Feb.17
___
102 k June 18
33k May 14
48k May 14
36 k May 14
156
153
182 k
129 k
140
130
45
63
**80*k
81k
37
90 k
97 k
25 k
15
22
36k
17
27 k
99 k 159 k
.
08 k June 22
27,875
37,242
50,998
38
Fob. 21
59k Nov. 18
59k May 26
24
May 2
15
May 21
93 June 13
77 k Sept. 6 120
Feb. 14
86
Oct.
6 126k Jan. 20
42
Mar. 22 64 k June 2
23
Nov. In 30 k Nov. 29
62 k Dec, 15 70k Nov.30
367g Oct. 6 54 May 21
Jan. 28 114k Junel4
85
18k Feb. 26
118
03
Feb. 25
Jan.
6
135k Oct. 19
96
Aug. 25
41k July 26
80k July 27
164 k Mar. 25
6,198
27k Aug.22
23 k July 14
38k
6834
39
40
May 2.3
June22 48
Juno23
Feb. 25 110k May 18
Oct. 27 117k Junell
620
38 k
08k
15lk
145k
42
79
60
15 k
18
9
6
41
65,160
3,610
1,200
3,472
136
Jail. 14
**6*ik
Jan.
5
Jan.
7 117
160
183 k
Jan. 17 113
June « 06 k L1434
124 k
May 26 99
Jan. 10 87 k 130
104
147k Jan. 17
146k
148k May 21 lOOkl 204
22
88
48
May 23
Jan. 22
3034 Aug, 22 51
91
Feb. 25 109 k Jan. 24
56.958
27 k
83
3D
145
140
29
100k
37k
82
39
143
137k
86.735
600
600
400
25
39
141
130
138
13,500
2,110
23 k
81-2
39
39
138 k 140 k
129
130
39
14ftk
48,525
1,000
3,052
4,940
1,100
80
*135
74 k
82
*2*3 *\
135
39 k
69 k
112k 112k 112 112k 112k 312k 112k H2k
58 k 64 k
54 k 55 k
68 k 53k
53k 54k
20
25 k
38
135
*129
139
58
39 k
39 k
38 k
*170
May 26
5*6*
120
-
39
106 k
36 k
108 V 107 k 107 k
45 k
443g 45
91
92
92 k
58 k
3734
68 k
44 7g
92 34
30k
3934
39 k
tl357gl3Skj
71k
Dec. 14 100
Oct. 13
July l; *37*
Nov. 14
High
81
Feb. 25 101 34 May 23 61
96k
127 k Jan. 29 142
May 10 106 34 129k
.3.550
95
Dec. 15
93
k Deo. 15
6,600
9k 25k
1834 Aug. 20
i
32k May 20
60
12
53
May ’
77 May 24 50
4 131
51,065 107
Jan.
08k
liOk
Mar. 9
92,500 75 k Dec. 16 IjSkJnne 7 61k 80k
83
76 k Apr. 8 88
June 14 60
4,27*6 13 Sept. 22 21 Ang. 4
Nov. 23
2,820 24
83 Aug. 6
103
Nov. 17 170
Aug. 17
4
3,900
350
Sept. 16 22 k 50 k
4434 Jan.
Feb. 26 121
94
13,300
Sept. 17 63k 105
197
Jan. 8 250
May 23 158 200
1,900
Feb. 26 100
63
JuuelS 49 34 91k
3,200 124 Jan. 4 140k May 21 99 k 127 k
.18 57 k May 19
2,420 38k Aug.—
14
Jan. 10
9
1,000
20 k
30k June 2
41
Jan.
'
43 k
56 Jan. 27 25
20
42
1,230
38k Jan.
gSkJune 2
k
k
150,965 117
Oct, 12 13534 Jan. 20 95
139k
44
June 4
24
2,879
63 June30 20
37
40
Low.
Highest.
31
Feb.
12.100
82 k Jan.
80 k Fel>. 25
12,443
900
2034 Jan. 19
2.:i36
3234 Jan. 12
600
23
Jan. 25
150 127
Aug 20
140
Mar. 21
4*6*75 130 Oct, 20
49,598 101 k Feb. 25
140 116k Oct. 12
19,525 117 Feb. 25
180 131k Fob. 20
1,355 129 Fob. 26
100
40
4
Jan.
*35k
*88k
89
30 k
25 k
69 k
3934 40
106k 100k
3534 36 k
108
5534
62 k
31
3934
81k
25 k
*24
93 k
88 k
78
31
92 k
62 k
39k 39k
68k 60 k
*135k137
135k 135k
39
138
135k 140
43V,
39 k
68
93
....
58
39 k
81 k
25 k
*24 k 25 k
......J....
63
9234
k
I08k
55
29
122k 123 **
8734 89 k
13734 138 k
124
i 37 7e 1*39*6
100 7g
78
53
77
50
32
17 k
0 *2
‘95
105 k 107
77
79
77
50
*30
109
45 k 4534
93 °8 94
94
*169 7f>....
31 ^ 313g
31*2
*39
135
105k 107
80
40k
40-3g 41
10634 105 7g 100 k
119k 120k
41J* 42
M^EELANEOUS:
American
27 -4
38 k
291.' 29
'133 “ 135
27k
l'ilk 1204 1213g 120k 120k 120k 121
*
80
124
Rich.A Allegh., stock trust ctfs.
Richmond A Danville
Richmond A West Point....
Rochester A
Pittsburg
Rome Watertown A
Ogdensb’g
8t. Louis Alton A Terre
Haute.
93 k
37 k
95 k
94 k
2?3.
38 k
lOOhi 1063,
J04V 104 k 105 34
304
50
30
Nashville Chattanooga A Bt. L.
86*2 87
New York Central A Hudson
133 *a 139
New' York Elevated
*108
103
New York Lake Erie A West..
45*2 457e
Pittsburg Et. Wayne A Chic
Renssidaev A Saratoga
03k
*
*64
139
r"
*36 V
Philadelphia A Reading
69
37 k
*
For Fill/
Year 1880*
Range Since Jan. 1, 1881
16k Jan. 26
103
1033
77 V 80
57
57^
31
323,
18
18
106
Oregon A Trans-Continental...
Panama, Trust Co. certificates.
Peoria Decatur A Evansville...
500
85
00
19 7g
121 Og 122 ig] 120 k
54 m 54 V
40k
Missouri Pacific
Mobile A Ohio
Morris A Essex
66
1j0!4
106k 106*
113*8 113°g 113k 115
k1
85
60
134
......
87
1546
95 V 1 97 V
112
113
19V
30
*81
60
37 V
95 k
94 k
*27
*39
*133
127-V 128
81k
25
91
134
52
9434
27 V
30 V
*29
1*3*9
139
20 70
213*
127 k 128^
25k
94V
27 V
39 k
1023gl0234
102 k 108*4
81
25
95‘4 *95 v
86
89 V
61
57
57
*91 V
91k 91k
*134
T35
136
136
k
*135V136k
Vj
92 k
80k
80
ig 5)5 V,
9 oh»
*27 k 27 34
41
*40
*29
30
133
134
110
*9131 '03*
92 k
127 k 128
.
(51
86
95
61k
30
95 k
95 k
27 k
40 k
29
43 k
Lake Erie A Western
Lake Shore
Friday,
Dec. 15,
prof
Do
_
05
*84
City
Dubuque A Sioux
East Tennessee
0O34
*28
2d pref
Alton..-
Thursday,
Sales of
the Week,
Shares.
*
*80
Canada Southern
Central Iowa
Central of New Jersey
Central Pacific
Chesanealce &
Chesapi
01li°jpt vi of
PRICES.
*
l55
Pittsburg A Wes torn...
Sffipto" Cedar Rapids A No.
LOWEST
Doc. 10.
SSSfi&N.y.
Air-Liuo........
J)0
lnm
Piifl'ulo
AND
Saturday,
*132
Susquehanna—
HTGIIEST
53
32 34
64 k
-23 k
35 k
Aug. 20
3934 June23
131
June 3
102
Mar. 21
155
Jan. 3
130 k Feb. 15
52 k Jan. 15
96k Nov. 29
Juno 13
190
43k Feb. 2
26 k Nov. 14
May 26
70
J au. 13 51
Jan. 25 88 k
Jan. 5 37k
Aug. 22 60
9734 Jaw- 8 126
Mar. 17
June 24
May 21
Sept. P
May 21
18
174
109
21
57 k
30
50
3k 18
U
2k
29k
83
75
12 k
43
121
130 k
28 k
49k
12
29k
123
100
47 k 128
122
155k
109
127k
30
51k
47
93k
155
20
20
39 k
14
23
180
32 k
67 k
28 k
44 k
57kj 102
Oct. 12 37 k June 10
Dec. 15
83
Dec. 16
Oct. 17 200
190
Oct. 13
28 k
27 k Jan.
4 57 k June 22 18
50
Feb. 25 7434 Oct.
4 13k 72 k
129
112
127
Jan. 19 142
May 17
June10 111
129
130
Jan.
7 146
June23
35
Oct. 10 80
Dec. 16
99 k Oct. 20 164
122 Nov. 28
Dec. 10
59
25 k Aug. 26 50
Junel8
25
35
Apr. 1 60k June 3 10
42
39
Feb. 28 77 k May 12 15
112
86
42k
July 19 4334 May 25
39
Mar. 24 55
June 14 25k 48
65
4 81kJnne 3 33
61
Jan.
90
Feb. 25 115k June 29 60
IOO
40
26
Feb. 9 42 k May 4 25
79 k
70
Mar. 8 89 k May 25 50
88
67
88 k Jan. 7 11334 Nov. 12
47 k
41k Jan. 4 73 k June 14 30
19 k Nov. 19 38
May 13
113 k
105 k Feb. 25 131k July 2 80
39
Feb. 25 60
June 30 20 k 48
77
Feb. 25 96 k May 16 BlkJ 88k
80
__
.
District Telegraph
Delaware A Hudson Canal...
New York A Texas
Land....
40
..
108 k 108k
46
40
108
40
40
37
41
108k 108 k 108 k
45
40
45
45
45
107 k 107 k
45
45
162 k 162 k
4434
tollman Palace Car.. *
128
grtro
Tunnel.
West.Uuion
Tel., ex-certificates
lk
85 k
*140
97
American.....
United States..*.i~! *76
Wells, Fargo A Co
*134
Colorado Coal
38
*134
SSBtfSg**"-'*
30
10
2
85 k
140
t*x92
*76
86 k
86
140
145
95
78k
93k
75k
44k
129
Ik
86a4
140
93k
75k
*134k 138k *134
138
40
40
21 k
35
U^wood Mining........
£*celsior Minin"
CojSI!!!" ”
Robinson Mining...
|Uvercliff
?t«£mont Mining..
Mining*
are
..
‘
I
*
*lk
2l34
1334
1334
*34
13 k
60
60
60
21k 21%)
Arizona Mining
*15k
17
2
21
‘Ik
"Ik
21 a4
35
18k
60k
21
44k 44k
*127
lk
86k
,
lk
*3
*21 k
13k
4
23
13k
*76
*134
49 k
*40
21
78
138
49k
35
36
*6k
44 k
127 k 127 k
86k
86k
lk
7k
76
*134
48 k
39
*21 k
1334
60
76
138
49
39
22 k
14
60
129
T”
”'”*1
4k
5
3k
4 k
2=*
2k
2k
vk
‘23
3k
26
*24
3\
2k
129
85k
141
2
*23
3k
2k
20
86k
146
93k
47-k
40
21k
*14k
48 k
21k
3k
3k
2k
3k
1,600
730
1,100
ijdoo
16
’ 20k
2k
26
273
89k Jan.
120
Jan.
62k Jan.
205
51k Jan.
Jan.
100 112
40 k
k
20
37
Dec. 14 74 k
4 115 k
30
472
Jan. 15 49
200 135
Jan.
3 190
9,325 43 k Nov. 23 62 k
220 127 k Oct. 21 151
1
Feb. 5}
1,300
2k
91,162 77 Apr. 191 94
145
96vz
76
137
76
*134
20k
1°8
1,965
1,692
4534 4534
163k 163k
44
44 k
*k
*23
the prices bid and asked—no salo was made at the Board.
87
2034
*3;
*2134
*34k
"13k
*lk
’ik
Ik]
41
16
2
4
22 k
35
14 k
01
21
*59 k
21
129
44
141k 141k *143 145
94
*93
9334 9384
*16k
*lk
*3
*3
21k
*3434
These
Ik
86kJ
145
98
78
138
44k
*127
123
lk
MINING.
*16k
*
4434
A Iron
Consolidation Goal..
New Central
44 k
45
39
39
107 k 108
1,100
1,795
600
2,000
35
Jan.
30
14
Oct. 15
4k
’ t Lowest price is ex-dividend.
Dec.
33,000
2,800
7
5
4
8
32 k Nov. 23
12 k Sept. 7
53
Jan.
6
20 k Dec. 16
25
Apr. 27
67
43
29 k
8k
9
35
Oct. 18 106k 122
Nov. 15 54
66k
Nov. 28 42
June18 100
11I
June
7
Jan. 15
J»n.
Feb.
4
7
Apr. 22
27
10
7
7
Feb. 17
4534 May 26
9
2k Dec.’14
2k Dec. 9
lk Feb. 28
13k Oct. 29
7
Apr. 13
4
Apr. 13
24
Dec.
9
4k
June20
Muy
38k June
21k July
75 k July
27
k
Apr. 18
Feb. 14
14
Jan.
3
7
Jan.
8
35 k Feb. 9
1
Nov. 22
5 k Sept.17
kNov.
100
3
lkJan.
kJan.
19k Dec.
k
26
5 153
6 98
4 79
4 142
50
81
60
92k
30
25
147
Feb. 21 102
Feb. 18 27 ki
Jan.
3 107 k
Feb. 12
Mar. 7
Ang. 2
7
t Lowest price is ex-privilege.
lCk
42k
28
26
39
39k
lk 30k
2k
4k
16
30
9
45
20
2
Ilk
6
20
2k
2k
27
89k
24k
2^
21k
25 k
25 k
35
6k
4k
THE CHRONICLE.
682
RAILROAD
BONDS
AND
STATE
BONDS.
QUOTATIONS OF STATE AND
Alabama—
Claes A, 3 to 6,190G....
Class A, 2 to 5, email—
Class B, 5s, 1906
Class C, 4s, 1906
82
Os,
6s,
6s,
6s,
6s,
6s, 10-20s, 1900
6s,
7s,
7s,
7s,
39
funded, 1899-1900...
L. Rock & Ft. S. iss.
Memp. & L.Rock RR
40
26
"so
L. R. P.B.&N.O.RR
7s, Miss. O. & R. It. Bit.
7s, Arkansas Cent. RR.
Connecticutr—6s, 1883-4..
Georgia— 6s. 1886
7s, new, 1886
7s, endorsed, 1886
7s, gold, 1890
Louisiana—
7s, consol., 1914
7s, small
York—
6s, gold, reg., 1887
6s, gold, coup., 1887
6s, loan, 1883
6s, loan, 1891
...
6s, loan, 1892
6s, loan, 1893
New
105
109
111 *<2
111 *0
118*2
cs
Do
Do
1882 or 1883...
1886
1887
1888
1889 or 1890... J
G8*o
....
lstmort.,
...
1 oi
111
72
100
4-
extended
ext’d 5s, 1919.
3d mort., 7s, 1883
i
...
tioV>
ios
9
9
83 =4
87
68, Act Mar. 23,1869 >
12*4 12*3
non-fundable, 1888.. >
Brown consol’u 6s, 1893 106
108*3
Tennessee—6s, old, 1892-8
76*3 76s»
I 6s, new, 1892-8-1900
76*4 76*2
76*4 76S
! 6s, new series, 1914
34
.Virginia—6s, old
34
6s, new, 1866
34
6s, new, 1867
104
6s, consol, bonds
7534 77
6s, ex-matured coupon..
46
6s, consol., 2d series ....
*2
6s, deferred
1734| 18*3
District of Columbia—
3-05s, 1924
Small bonds
Registered
Funding os, 1899
107
6s, 1886
small
Do
Do
117
registered
7s,1920 i28*o
’93 116
121*2
|
Peoria Dec. &
Iowa Div.—s;F.,5s,1919
Iowa Div.—S.F..-U.1919
C. R.I.& P.—6s,coup., 1917
Indiauap.D
......
......
......
127
6s, 1917, registered
103*2 106
115
110*2
115*2 119
113
110
122
Adjustment, 7s, 1903...
Leli.&W B.—Cou.g’d.as.
Am. Dock & 1m.—Ass’d.
132
118
137
1122
Consol. 7s, 1905
2d mort., 7s, 1884
1st, 7s, 1.& D. Ext.,1908
S. W. Div., 1st, 6s, 1909.
1st, 58, La.& Daw, 1910.
Miuu.Diw,6s, 1910
1st m.,H. & D., 7s, 1910
Ch.& Pac. Diw, 6s, 1910
1st Chic.& P.W.,5s,1921
Min’l Pt. Div., 5s, 1910.
C.& N.west.—S.f, 7s, 1885
Interest bonds, 7s, 1883
Consol, bonds, 7s, 1915..
Extension bonds, 7s, ’85
lstmort., 7s, 1885
Coupon gold, 7s, 1902...
1st S.
j1
!
118
120
120
124*2
1*23
|
Galena & Chic.—Exteu.
Peninsula—1st m., conv.
Chicago & Mil.—1st m..
Winona & St. P.—1 st in.
2d mort., 7s, 1907
C. C. C.& Ind’s—1st,7s,s. f.
Consol, mort., 7s, 1914..
C St.L.&N.O.-Ten.lien,7s
1st in., con., 7s, 1897
1120
126
1108
120
&Spr.—1st,7s
1118*2
109
100
C0I.& Green.—l&t,6s,1916
1
2d, Gs, 1926
*
’92
127
121
134
Syr.Bing.&N.Y.—1st,7s
Morris & Essex—1st in.
2d mort., 1891
7s Of 1871-1901
l8tm.,consol., guar.,7s
Del.&H.C.—1 stm.,7s, 1884
1st mort., 7s, 1891
1st mort., ext., 7s, 1S91.
1st mort., coup., 7s, ’94.
1st mort., reg., 7s, ’94...
1st, Pa. Div., cp.,7s,1917
Reg., 7s, 1917
Alb. & Susq.—1st m., 7s
2d mort., 78,1885
lst.cons., guar.7s,1906
Reus. & Sar.—1st. coup.
lstmort., reg., 1921 ..
Denv. & Rio Gr.—1st, 1900
191 *o
122*2
116
116
1
1
1116
1105
1125
-
......
4112
....
•
-
3-6s, class B,
122*2:125
130*8
113
Income &
*
1st, Rio
;
60
119
4102
no
...
•
105
......
Huds.
102
7e
140
135
.
4
'100*2
100
Belleville&S.ILl.—lstm.
......
108*2 no
111
ios
86*4
Wis.Cent.—lstseries, new
......
112
109*2 St,P.Minn.& Man.—1st,7s Ill
4105*2
2d mort., 6s, 1909
102*2
85*2
4
Dakota Ext!—6s, 1910
St. P. & Dul.—1st,5s,1931 4100
..
86
106
......
..
....
......
......
......
......
......
......
......
...
....
Equipm’t bonds,7s, ’83
Consol., conv., 78,1907
Gt, West,—1st, 7s. ’88.
......
109
4107
107
102
15
82
28
112
110
50
13
85
29
12
106
109
78
49
6s
3*2
tuo
10S
Georgia Railroad—7s..... tuo
6s
Memph.&Char.—lst.cons.
1st, consol., Tenu. lieu..
Miss. Central—1st m., 7s.
•
2d mort., 8s...
N. O. &
Jackson—1st, 8s.
Certificate, 2d mort.,
107*2
8s.
Northeast.,S.C.—1st m.,8s
111
109
108
112
114
101
107
112
116
125
118
110
120
2d mort., 8s
2d mort,, 7s, 18^3 ...
South w. Ga.—Conv. 7a, ’86
Q. & T.—1st, 7s, 1890.
Stock
I11.&S.I.—1st, 7s, 1882 tioo
S.Carolina RR.—1st
7s 1108
41
Han.& Naples—1st, 7s
ill
Stock, assessment paid. 122
St L K C.&N.—R.e. 7s
115
7s,
1902,
non-enjofned..
Om.Div.—1st mort., 7s 114*2
70
Non-mort. bonds
104
Clarinda Br.—6s, 1919 4...... 1001©
Western,
N.
C.—1st,
7s...
102*2
St. Chas. Br.—1st, 6s..
mV,
......
,
......
Friday—these are latest quotations
mad© this week.
85*s
112*s
120
18
8*
32
i'i i
55
16
90
33
1»
108
80
5#
4*2
113
108*2
’80* "si"
Stock
96
Car. Central—1st, 6s, 1923 116
Cent. Ga.—Consol, in., 7s. 128
Stock
110
Charl’te C.&A.—Consol. 7s 101*2
2d mort., 7s
:
59
Stock
ai5
E. Teuu.Va. & Ga.—1st, 7s
1124
......
,
t No price
Income,
82
110
116
Securities
Atl. & Gulf—Consol.7s,’97
Atl.& Charlotte—1st, 7s..
......
111
103*4 104*2
Southern
.....
.
no
2d series, new
(Broker's Quotations.)
Va. State—New 10-40s...
107*4 107*2 Tex.Cen.—lst,s.f.,7s, 1909 106
90
Tol. Del. & Bur.—Main. 6s
79
90
1st, Dayt. Diw, 6s, 1910 4
1st, Ter’l trust, 6s, 1910
108*2
4
92=4
VV. St. L. & P.—Gen. m., 6s
90
90=4
Chic. Diw—5s, 1910..’...
117=4 118
100
Haw Diw—6s, 1910
118
116
4102
102‘*2 Tol.P.&W.—1 at, 7s,1917
Iowa Div.—6s, i921
4108
102
Ind’polis Div.—6s, 1921.
Detroit Div.—6s, 1921..
102
Cairo Div.—5s, 1931.
136*2
**!
Wabash—Mort. 7s of ’09
136 *2
Tol. & W—1st, ext., 7s 112
107*2 x....!
1st, St. L. Div., 7s,1889 107*4
99*8 99*4
108
2d mort., ext., 7s, ’93..
135
......
2d mort
St. Jos. & West’n—Stock.
Tex. & St. L.—1st, 6s,1910
Utah Central—1st mort..
Utah Southern—1st mort.
102*2
......
*
33
(Broker's Quotations.)
......
107 *-2
86
114
35
2*2
2=i
Dost. Har. & E. new stock
Cin. Ind. St. L. & Chic.—
104
1st mort., 6s, 1920...... noo
IOS
Des M.& Ft.Dodge—1st,6s 104
......
......
Pac.—G.l.gr.,lstcon.6s 103 103*4
Registered 6s, 1921
943. 94 7e
1137g N. O. Pac.—1st, 6s,g.,1920
f And accrued interest.
4
Miscellaneous List.
125
......
Nevada Cent.—1st m., 6s.
Norf.&W.—G.l.m.,6s,1931
B.—Inc.6s,1910 "29"
Div.—6s, 1910..
Tex.&St.L.—L.g.,inc.l920
Dayton
1st, Tr’t Co. ctfs., ass’d 4115
2d, Tr’t Co. ctfs., ass’d
1st,Tr’t Co.ctfs.,suppl. 118*2 120*2
Galv.H.& Hen.—7s, g.,’71
St.L.V.&T.H.—lst.g.,7»
Gr. Rapids & Ind.—1st, 7s
2d mort., 7s, 1898
1st mort., 7s, guar
Ex-laud grant
101
ioi*2i Pits. B’d.&B.—lst.Gs, 1911 496
Stock
93
94=8
Rome W.&Og.—Con., 1st.
107
Kansas & Neb.—1st mort..
92*2
Trust Co. certificates
100*2
:
2d mort
Roch.& Pitt.—1st,6s,1921 4100
102
104*2 Long Island—1st mort.. .
104=8 104=4 Rich.& All’g.—1st,7s,1920 104
2d mort
96
Rich.&Danw—Cons, g., 6s. 41033* 104*8
N.Y.&G’nw’d L.—1st,7s,n
108
Xelnte Val —1st. e.mts
7s 4
-105
2d mort
St. Louis & I. Mount.—1st 116=, 117
4125
109*8 109*2 St. Joseph* Pac.—ist m.
2d mort., 7s, 1897
85
87
120*2 121*2
,.
Tol.Del.&
......
»i
.
St.L.A.&T.H.—Div. b’nds
Col. Ch.&.-L C.—lstf, cons 125
2d con., 7s, 1909
Arkansas Br.—1st mort.
Cairo & Fulton—1st ra.
Cairo Ark. &. T.—1 st, m
Gen. c.r’y&l.g.,5B, 1931..
XL L. A it,mi &. 1’. H.—1 st, m.
2d mort., pref., 7s, 1894.
2d mort.’ income, 7s, ’94
43*8
98
1896
ll’y luc.,’95
Plain Income 6s,
98*2 Sterling Mtn.
'i»”
150
St’gI.&R’y-Ser.B.,inc.’94
90
.
6s, 1905
■47" ■'4i‘
1st, 7s, pref.. Lnt accum.
2d, 6s, int. acc’mulative
75U
......
......
Equipm’nt bonds, 8s,’83
6s, subscription, 1883..
N. Y. C. & II.—lstm.,cp.
1st mort., reg., 1903 ..
Ch.—1st m
mort., 7s, 1912
75
89
,
......
1st mort., sterling..
103
Metrop’lit’n El.—1st, 1908 102*8 91
90
2d mort., 6s, 1899 ..
124
Mich.Cent.—Con.,7s, 1902
1st mort., 8s, 1882, s. f.. 4100
Jack. Lau.& S—6s, 1891
G.Div.,6s,1930
108
105
57
50
116*4 118
98
98
61*2
96
50
Peoria D. & Ey.—Incomes
Evansv. Div.-Inc.,1920 4
Roch. & Pitts.—Inc., 1921
St. Louis I. Mt. & So.—
100
130
i
3d mort, 7s, 1912
131
Clev.&Pittsb.—Cons.,s.f
112*2 115*2
4th mort., 6s, 1892
121
103
4100
98*2
101*2 102
104
4
6s, 1909
98
72
eih
*46" "if
1920
I’d gr., reg.
Pitts. Ft. W.&
......
2d
129
107*2 108
......
1906
Pennsylvania RR—
Pa. Co’s guar. 4*2« 1st c. 4
Registered, 1921
.
N.
1
......
71
60
Pac.—lst.6s,1905 103
4101-”*8
Consol., 6s, 1905
I
126
xl25
123
123
.
97*2
......
Tex. &
Consol., reg., 1st, 7s...
Consol., coup., 2d, 7s..
Consol., reg., 2d, 7s ...
1st nr,
470
pref.debeur
......
R.—7s, 2d, s. f.,’85
Canada So.-*-lat, int. gu.
Harlem—1st m., 7s, cp..
ll6
1st mort., 7s, reg.,1900 135
117
N.
Y. Elev’d—1st, 7s, 1906 119
119*2,
118*2
128*2 N.Y.Pa.&O.—Pr.l’n,6s,’95 4100*2
108
107
114*4
.....
......
Mil.&No.—1st, 4-5-6s, 1910
Mil. L.S.&W.—1st 63,1921
Mo. K. & T.—Gen.,eon., 6s
Cons., assented, 1904-6.
2d mort., income, 1911..
109=4,
105
H. & Cent. Mo.—1st,’90.
109
j Mobile & O.—New in., 6s.
97* Morgan’s La.&Te.x,lst,6s
Nash.Chat.& SLL—1st, 7s
129
2d, 6s, 1901
125
N. Y. Central—6s, 1883
140
1
6s, 1887
120
6s, real estate, 1883
l22=«
91
60
53
W.B.Coal—1888
......
Buff. & Eiie—New bds.
Buff. & State Line- 7s..
Kal. & W. Pigeon—1st .
Det. M. & T.—1 at,7 8,1906
Lake Shore—Div. bonds
Consol., coup., 1st., 7s
74
100
96
93
63
60
8i
......
92
......
120
121
1113
.
.
107
..
Bonds, 7s, 1900
.
81
105
.
+
99 “e 100
108
110
C- St. P.M.& O.—Cons., 6s
C.St. P. &M.-lst.6s, 1918
No. Wise.—1st, 6s, 1930.
St.P.&S.C—1st, 6s,1919
Cliic.& E.ill.—1st,s.f.,cur.
......
1 st, 6s gold
Coupon, 5s,
1118*2 120
Lehigh &
......
......
......
104
1931..
Registered, 5s, 1931 —
125
122
112*2
112
110
4123*2 ......j
1
l
91*4
Louisv.N.Alb.&C.—1st,6s
109
109=4! Manhat.B’cli Co.—78,1899
108
N.Y.& M.B’li—lst,7s,’97
109*2
100*2 102
Marietta & Cin.—1st, 7s..
102
112
......
....
123*2 123 7a
100*2
.
Equipment, 7s, 1895..
So. Pacific of Mo.—1st m
.
......
123
117*2'
Midl’nd—1st m„ 8s
.
107s8 107=4
4109
!
„
99
.....
j
Sinking fund, reg
Sinking fund. 5s, 1929..
Sinking fund, reg
...
'74"
.....
-
......
121*2 123 *21 Louisville. & NashvilleCon sol., 7s, 1898
1102
120
2d mort., 7s. gold, 1883.
|
107
Cecilian Br’cli—7s, 1907
95
N.O.&Mob.—lst,6s,1930
97
106 *-2
E. II. & N.—1st, 6s, 1919
Gen'l mort., 6s, 1930.
116*2
1
Pensacola Div—6s,1920
1109
94
St.
L. Div.—1st, 6s. 1921
98*2
94
2d mort., 3s, 1980
97
110
Nashv. & Dee.—1st, 7s.
108
S.& N.Ala.—S.f.,6s,1910
1103
Leban’n-Knox.—6s,1931
1129
L. Erie & W.—1st, 6s,1919
1105
108=4
Sandusky Div., 6s, 1919.
123
124
Laf. B1.& M.—1st, 6s, 1919
Reg., gold. 7s, 1902
Sinking fund, 6s, 1929..
.
Lake E. &W.—Inc. 7s, ’99
Dcu. Diw,6s,ass’d,’99 4109
1031-2 103=4
1st cons., 6s, 1919...
Sand’ky Div.—I nc., 1920
Laf. Bl.&Mun.—Inc.7s, ’99
Cent. Br. U. Pac.—1st,6s 100
Mil. L. S. & \V.—Incomes.
Funded coups., 7s, ’95. 100
98 =* Mol>.& O.—1st
Atch.C.& P.--1st, Gs, 1905
2d pref. debentures
At. Jew. Co.&W.—1st,6s
3d pref. debentures.
Utah So.—Gen., 7s, 1909 109*4
100
4th pref. debentures
Extens’n, 1st, 7s, 1909
104
N. Y.LakoE.&W.—Inc.Os.
Mo. Pac.—1st consol.. 6s 102
no
N.Y.P.& O.—1st inc.ac.5-7
3d mortgage, 7s, 1906.
108*2 N.O. M.& Tex.—Deb.scrip
Pacific of Mo.—1st, 6s .. 108
4113
Ohio Cent.—Income, 1920
2d mort., 7s, 1891
103,
Min’l Div.—Inc. 7s,1921
St. L.&S.F.—2d. 6s, cl.A
92
Ohio So.—2d Inc., 6s,1921
3-6s, class C, 1906
93
92
Ogdensb.&L.C.—Inc.
_
Cleve. & Tol.—Sink. fd..
New bonds, 7s, 1^86..
till
Cleve. P. & A eh.— 7 s
138*2 139*2.
101
101*4
5s, 1921
Collateral trust, 6s—
Kans. Pac.—1st, 6s,’95
1st m., 6s, 1896
124
......
Lake shore & Mich. S.—
Mich. So. & N.I. s.fd. 7s
119
114*2 118
113=4 115
107
155
140
Conv., assented, 1902...
7s, ’87-9. 112=4
8s, ’93 123 123*2
125
Registered 8s, 1893... 4
Sinking funds,
Coupon, 6s, 1909
1 Kent’Kv
Ceil.—M.,6s.1911
-2
J ud.Bl.&Wost.—Inc.,1919
Ind h Dec.&Spr’d—2d me.
Trust Co. certiiicates...
Int. & Gt. North.-2d Inc
4
2d assented, 6s, 1909..
113
Land grants,
115
no
Miuu.—1st m.
Int,& G t.N o.—
127*2
earned.)
......
! Ind.Bl.& W.—1st, t> ref., 7s
1st mort., 3-4-5-os, 1909
2d mort., 3 4 5-6s, 1909.
)|
87
Keo.& Des M.—1st, g.,5s
Central oi N.J .—1st 111.,’90
1st consol., assented, ’99
C. M. & St. P.—lst,8s,P.D.
2d m.,7 3-10. P. D„ 1898
1st m.,7s, $ g., R.D.,1902
1st m., LaC. Div., 1893..
1st m., I. & M., 1897....
1st m., I. & D., 1899
1st m., C. & M., 1903....
130
Cod. F. &
(Interest payable if
107
100
Ev.—1st, 6s
......
......
109*2'
108
iuYt'4
......
1915
.
92
......
Ill.Cent.—Dub.& S. C., 1st 4103
Dub. & S. C., 2d Div., 7s
118
1
109=8
Oregon RR.&Naw—1 st.Os
INCOME BONDS.
......
......
105
Telegraph—7s, 1904
Spring V al. W.W.-lst, 6s
.....
.
_
2d, guar. (188), 7s, ’98
Miss.R.Br’go—1st,s.f. 6s
C. B.&Q.—8p.c., 1st m.,’83 n’os
Consol mort., 7s, 1903.. 1
5s, siukiug fund, 1901.. *109
N.\V.
09 Rs 101
1-00
......
8s
.
118*21119
91*.
122*2 124
118
118*2
Tel.—1900, coup.
1.23
Cent.—1st, 6s, 1920.
m., Ter’lTr., 6s, 1920
Min’l Diw— Gs, 1921
So.—1st M„ 6s. 1921.
Oregon & Cal .—1 st ,6s, 1921
Panama—S.F. sub. 6s, 1897
.....
.St.L.&P.—Continued—
No. Missouri—1st, 7s.
W
......
108*2 Ala. Cent.—Inc. 6s, 1918
195*2 Atl. & Pac.—Inc., 1910
1106*2
j Evans. Div., 1st, 6s. 1920 1157tj 110*2
Atlanta & Ch.—Inc., 1900 ■95'
127
Pac. RRs.—C.Pac.—G.,6s.
4
102
103
109
Central of N. J.—1908
San Joaquin Branch..
Chic. St. L. & N. O. —2d, 1907 tioo
Cal.& Oregon—1st 111.. 105 4
103*2
75*8 75*2
Col.Chic.&I.C.—1 ue.7s,’90
115
State Aid bonds,7s,’84 105
Cen 1.1 a. —Coup. deb. cert s
Land grant bonds, 6s. 105
106
Chic.St.P.&M.—L.g.iuc.Os
West. Pac.—Bouds, 6s tin
4
11158
103 7«
Chic. & E. Ill.—Inc., 1907
So. Pac. of Cal.—1st, 6s.
109
53*»2 "54%
108
Union Pacific—lstmort. 117 **2 117*2 E.T.Va.&G.—Inc.,Os,1931
4107
......
...
119
119
Ohio
1st
1
1st
Ohio
112
....
^
MISCELLANEOUS SECURITIES.
107
*2 106
■-
det
class 2
class 3..
Rhode Island—
6s, coupon, 1893-99
108
4th mol t., ext’d, 5s, 1920
5th mort., ext., 7s, 1888.
Marq.—M.68,1921
♦Prices nominal.
9**
103*2 Ohio& Miss.—Consol, s. f.
(’nnsnlidated 7s, 1898...
185
i 2d consolidated, 7s,1911
1st nr, Springfield Div..
124=4 126*2
70
Bost. 11. & E.—1st mort..
99
1st,consol., gold,
Bur. Ced. R.& No.—1 st, 5s
120
Long Dock bonds,7s,
Minn.&St. L.—lst,7s,gu
Butt. N. Y. & E.—1 st, 1916
Iowa C.& West.—1st, 7s
I
N.Y.L.E.&W.-Now2d,6
C.Rap. I a. F.& N.—1 st,6s
Butt'alo&S. W.—M.' 8,1908 a 13*2 114 *2:
1st, consol., t'd. cp.,7s.
2d, consol., fd. cp., 5s.
Sma.l
'
j
Ey. & T. II.—1st cons., 6s
Central Iowa—1st, 7s, ’99 115*2 116
Clieasp. & O.—Pur. 111’y fd. 481 1 84*2 Fl’t&P.
102
1
al.Har.& S.Ant’o—1st,6s
6s, gold, series A, 1908. 100*2!
2d mort., 7s, 1904
84=8 84 *2
6s, gold, ser. B, int. dot.
56
55
Gulf
Col. & S. Fe—7s, 1909
*2
j
6s, currency, hit.
...
123
I llan. & St. Jos.—8s, conv.
Chicago & Alton—1st m..
104 !
Consolidated 6s, 1911...
Income 7s, 1883
116
! Houston & Texas Cent.—,
Sinking fund, 6s, 1903.. 113
1st mort., 1. gr.. 7s.
Joliet & Chicago—1st m.
1st mort., West. Diw, 7s
La. & Mo.—1st m., guar. 1114*2 116
1st mort.,Waco & N., 7s
2d mort., 7s, 1900
120
115
2d, consol., main line,
St. L. Jack.& Ch.—1st 111
2d, Waco & N., 8s,
1st, guar. (564), 7s,’94 *115
Gen. mort., 6s, 1921
2dm. (360), 7s, 1898..
1st, consol., 7s, 1910
91
’98-9
Consol. 4s, 1910
Small
Ohio—
BONDS AND
2d inert.,
__
Balt.&0.—1st, 6s, Pi k. Hr. 1
•-
n
I
Special tax, class 1,
109
109
102
120
120
120
Railroad Bonds.
Del. L. & W.—7s, conv.
Mort. 7s, 1907
22
22
Chatham RR
Ill
Do
Do
-1st, 7 s
Iowa
1866-1900.
Do
1868-1898.
New bonds, J.&J., ’92-8
Do
A.&O
115
118
•)
34
140
140
120
120
13
12
off, J.&J.
off, A.&O.
Aak.
62
RAILROAD
(Stock E.rduwqe. Prices.)
Ala. Central—1st, 6s, 1918
Atch. T. & S. Fc—4*0,1920
Atl’c & Pac.—1st,6s, 1910
coup,
coup,
Funding act,
Asyl’m or Univ., due ’92
Funding, 1894-’95
Hannibal & St. Jo., ’86.
Do
do
’87.'
30
26
20 h
due
due
due
duo
due
Bid.
South Carolina-
34
Carolinar—6s, old, J.&J.
SECURITIES.
Ask.
Bid.
6s, old, A.& O
No. Carolina RR., J.&J.
Do
A.&O
! 104
20
Missouri-
101*4 104
83
87
Arkansas—
N.
MichiganGs, 1883
7s, 1890
MISCELLANEOUS SECURITIES.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.:
Bid.
SECURITIES.
[Vol. XXXIH.
97
132
114
63
117
126
112
115
106
118
114
119
...•••
110
43
127
78
THE
17,1881.J
December
New York Local
Par.
(*) cvre
Price.
Companies.
|
|
Bid.
National.
Quotations
i
PRICE.
COMPANIES.
not
Securities.
Insurance Stock List.
[Quotations by E. S. Bailey, Broker,
No. 7 Pine Street.]
ek List.
Marked thus
CHRONICLE.
Par.
Bid.
Ask.
Ask.
)
683
Boston, Philadelphia and Baltimore.
m
Bid
SKOTTBITIXS.
Ask.
Catawisea, chat,
Itch. &
do
BOSTON.
Tcpeka 1st m.7s
land grant7e
do
America*
Am. Exchange
;•••
Bowery
Broadway....
Butchers’ ADrov rs
Central
Chase
Chatham
Chemical.
Citizens’..
’•
••••
City
Commerce
Continental......
Com Exchange*
...
East River
Eleventh Ward*
Fifth
Fifth
Avenue*
First.....
Fourth
'•
- -
Fulton
Chillatin..
-;-
American*,
Exchange*.
German
german
reenwich*
anover
Imp. and
Irving
Island City*
Leather Manut’trs
.
Manhattan1*
Mechanics’
Mechanics’ Assoc’n.
Mechanics’ A Tr’drs’
Mercantile
—
Merchants’
Merchants’ Excli’ge
Metropolis*
Metropolitan
Mount Morris*
r
-
Nassau*
New York
New Y'ork County...
If. Y. Nat’l Exch’ge.
Ninth
North America*
North River*
Oriental*
Pacific*
'.
Park
People’s*
Phehix
Produce*
Republic
fit. Nicholas
Seventh Ward
Second
Shoe and Leather...
Sixth.
State of New York..
Third
Tradesmen’s
Union
United States.
West Side*
Gas and
Exchange
j Broadway
Brooklyn
1 Citizens’
City
!l70
120
2000
130
•
-
*
.
Clinton
Columbia
Commercial
235
Oorit inentitl
.
•
•
13C
127
760
....
•
•
•
...
...
....
....
« •
.
....
•
....
130
•
....
....
•
•
•
....
•
.
•
•
....
....
»
•
•
•
•
•
•
t
•
•
...
•
i4s
....
....
140
95
....
121
131
....
134
100
....
.
•
•
•
171
....
•
•
•
.
•
•
•
•
•
•
•
•
•
103
142%
f
,
,
i*3%
....
•
•
....
.
118
.
•
.
•
•
•
.
•
•
•
.
•
.
.
.
•
•
•
•
•
•
•
120
•
•••
•
•
....
....
•
•
•
169
.
100
.
•
....
.
145
160
...
•
•
.
.
•
•
.
....
119
...
...»
•
•
•
•
•
151
160
....
Eagle
Empire City
Exchange
Fwrragut
Firemen’s
Firemen’s Trust
Franklin* Emp,...
German-American..
Germania
Globe.
«
•
....
100
100
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100
Murray Hill*
•
125
100
100
25
50
25
100
50
50
100
100
Marine
Market
American
American
Bowery
•
•
•
100
25
100
100
50
50
100
50
termaniaTraders’...
*
156
125
151
120
•
•
....
....
....
•
•
•
•
Greenwich
Guardian
Hamilton
Hanover
Hoffman
Home
Howard
Importers’ & Tr’d’rs
Irving
Jefferson
Kings County (Bkn.)
Knickerbocker
Lafayette (Br’klyn).
Lamar
Lenox
Long Island (B’klyn)
Lorillard
Manufac’rs’* Build.
Manhattan
Mech. & Traders’...
Mechanics’ (B’klyn).
Mercantile
Merchants’
Montauk (Brooklyn)
Nassau (Brooklyn)..
National.
New York Equitable
New York Fire
New York & Boston.
New York City
Niagara
North River
Pacific
Park
Peter Cooper
People’s
Phenix
Relief
Republic
Rutgers’
-
Sterling
Stuyvesant
Tradesmen’s
United States
Westchester
Williamsburg City..
Dy ueorge
Gas Companies.
Par.
Brooklyn Gas Light Co
25
20
Citizens’Gas Co (Bklyn)
bonds
1,C00
Hjrlem
50
20
50
100
500
100
Jersey City A Hoboken
Manhattan
Metropolitan
Jo
bonds
Matual, N. Y
do
bonds
1,000
„
Nassau, Brooklyn
do
New York
25
Va»-.
100
10
scrip...!
People’s (Brooklyn)
Bonds
Bonds
Central of
1,000
N ew
Williamsburg
York*!!!!!!!!!'.!
d°
bonds
Metropolitan, Brooklyn
xr
.
r,
bonis
d0.,
,*
.......
Var.
50
50
1,000
,
Municipal
rulton Municipal
205
160
130
do
land me. Ss..
Atlantic A Pacltl •, 6s.
i o
income
Boston & Maine 7s
Amount. Period
"
7.7.7
100
100
....
100
2,000,000
1,200,000
Var.
Var.
315,000 A. & O.
1,850.000 F.&A.
750,000
4,000,000
2,500,000
1,000,000
5,000,000
1,000,000
1,000,000
700,000
4,000,000
1,000,000
375,000
125,000
466,000
1,000,000
J.&J.
J. & J.
M.& S.
F.& A.
Rate.
Date.
*
125
:ou
120
;91
165
130
290
70
140
160
70
157
120
100
71
210
60
116
so
70
121
70
14 L
100
150
155
85
125
125
160
158
115
70
70
19$
112
220
126
200
120
160
90
80
155
130
90
70
110
144
120
....
126
no
95
170
220
159
109
SB
105
75
101
’78
July, ’31
Nov., ’81
7% Aug. ?81
3
*o:
1% Oct.,
Quar.
F.& A.
Var.
M.&N.
M.&N.
J. & J.
M.&N.
Var.
F.& A.
3%
3
1382
’SI
Sept
3% Nov., ’8!
4
Nov., ’81
3% Jan., ’76
7
6
3
1997
1900 Ac
July, ’80
'% Oct.. ’81
6
1900
2% July, ’81
5
Oct.. ’81
6
1833
Quar.
1,000,000 A.& O.
1,000,000 M. &N.
3,000,000
750.000 M. &N.
1,500,000(
...1
....
82%
104
71
93
106
35
105
93
60
69
101
70
187
105
65
62%
107%
40
107
96
70
72
104
75
190
110
70
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bleecker St.
& Fult.
1st mortgage
Ferry—St’k!
i2?dway & Seventh
Av.—St’k
100
1,000
100
900,000^J.
& J.
694,000 J.&J.
2,100,000 Q-J.
1,500,000 J.&D.
1st
mortgage....
Brooklyn City-Stock.* ”!!.*.*!!.*! 1,000
10 2,000,000 Q-F.
1st
mortgage
(BrookIyn)—Stock
1,000
..
Brooklyn Crosstown.—St’k....
1st
mortgage bonds....
!w w C£.A£ (R’klyn)—Stock.
iEikVN^&mort.
E- Kiv*~Stock
Gonsohdated
bonds....
BondsPher & Tenth St.-Stock
100
100
1,000
100
100
300,000 M.&N.
200,000 Q-J.
400,000 A. & O.
300,000 J. & J.
500,000 J. & J..
1,800,000
1,000
Q-J-
1,200,000 J. & D.
650,000 F.& A.
1,000
250,000 J. & J.
Dry Dock E.B.A Batt’ry—Stock
100 1,200,000 Q-F.
consolidated
500Ac
900,000 .J.&D.
*2lghth Avenue-Stock
100 1,000,000 Q-J.
1st
mortgage
1,000
203,000 J. & J.
100
St. Ferry—St’k
748,000 M.&N.
r “j m,°rtgage
1,000
236,000 A.&O.
100
Town-Stock ....
600,000
isc
mortgage.
1,000
200,000 M.&N.
100
..
?ran<1
nfrm,£ross
ist
8d
mortgage
Avenue—Stock Y.Y.Y.Y.'.
mortgage
Lonsol. convertible
®
iih Ayenue-stock
ist
mortgage
100
500
100
1,000
500,000 J.&J.
150,000
1,050,000
200,000
750,000
1,000
500,000
100 2,000,000
1,000
500&C
100
A.&O.
M.&N.
M.& S.
M.&N.
J. & J.
Q-F.
1,000 2,000,000 J. & J.
100
1.000
Thl$ column shows
last dividend
250,000
1,199,500 J.&J.
on
600,000 F.&A.
250,000 M.& N.
*
!
H July, ’81
7
2
7
23%
J ’lv.1900! i 13
Oct., ’PI 133
June ’84 104
3% NOV., ’811198
7
Nov., ’8!> 102
3
2
7
Oct., ’81 165
26
115
135
106
203
110
180
Oct.,.,’31 127
1888
88
do
7s
Ogdensburg & Lake
do
....
...!
•OCI. .’31 128
Dec. 1902 118
2% Aug..’81 92
7
1398
mo
4
Nov., ’81 22 »
7
June, ’93 111
3
Oct., ’81 135
7
Jan., ’84 100
6
Nov., ’81 200
7
Apr., ’93 110
65
7
Nov‘.i904 105
60
7
July. ’94 105
2% July, '81 135
7
Apr., ’85 103
7
Oct., ’80 108
7
Sept. .’83 135
5
Oct., ’81 260
7
July ’90 110
5
Nov., ’8l|190
7
July, ’90 110
4
Aug ,’9l 150
7
May, ’93 105
131
120
97%
110
230
119
iio
210
115
70
110
do
Scrip........
Pa.& N.Y.C. & RR. 7s,1896....
do
190(3
Pennsylv.,gen. m. 6s, cp.. 1910
do
gen. m. 6s, rg., 1910.
do
cons.m. 6s, rg., 1905.
do
cons. in. 6s. cp., 1905.
do
do
51...,..^...
Penn. Co , 6s, reg
....
....
I117
'101
I
STOCKS.
'X158
Lowell
Maine
Providence
u..,,
14934,149%
Cheshire preferred
Chir-. & W. Michigan
Cin. Sandusky & Clev
Concord
Connecticut River
Conn. & Passumpslc
84
29
94
20%
|
38
Eastern (Mass.)
Eastern (New Hampshire)...
1 132%
iso
Fitchburg
Flint & Pere Marq
do
ids
165
93
Valley
( onnotton
95
159
91%
Topeka
Albany
22
....
96
94%
pref
Fort Scott & Gulf, pref
125
86
common.
84
;
126,%
90
do
Iowa Falls & Sioux Ci»y
64
65
Lltue Rock os Fort Smith....
165
Manchester & Lawrence....
Mar. Hough, & Gat
120
Mar. Hough. & Out., pref...
Nahsua* Lowell
New York & New England... 60%
109
Northern of N. Hampshire...
59
23
22
140
270
llj
stocks, but the date of maturity bonds.
1J6
120
107%
97
,
95%
do
cons. mort. 6b.’.920
po
do
53,1920
Phlla. Newt’n & N.Y., let m.
Phil.* It. 1st m.6s,ex.due 1910
do
do
1910
do
2d m., 7s, cp.,93.
do
cons. in..7s,cp., 1911
do cons.m.6s,g.Ut4Mil
do imp.m.,63,g„ C. 1897
do gen. m. 6i, g.. C.l?0l
do J.n. m.,7s,coup.,’.896.
do d ‘b. coup., D93*
do
do
cjup. off, lfc93. j
do scrip, 1882
417
w
_
105
96
119
117%
106
41^
118
124
113
9J
95
99
65
81
7s, R. C., 1893*
do
7s, coup, off,’93 73
Phll.*li.Coal*lr’n deb.7s.92*
do
deb. 7s. cps.off 62
do mort., 7s, 1892-3
Phlla. Wtlm. & Balt. 6s, ’84....
Pltts.Cln.&St. L. 7s, COU..1S0G 122
122
do
do
7s, reg., 1900
Rich.* Danv.cons.lnt.os.igiS'i-.v
Shamokin V.& Pottsv.7s, 1901 j ij?
conv.
do 6s,n.,rg.,priorto’95
do 4s, various
2d
m.
6s. :938..
Rio Grande DiV..
....
CANAL BONDS.
Cbes. & Del.. 1st m., 6s,
1886
Lehigh Navlga. m.,6s, reg.,’84
do
mort. RR., rg ,’97
22% 22H
do mort. gold, *97
35
do cons. m.7s, rg.,191!
2i
25
Morris, boat loan, reg., 1885..
28%! 31
Pennsylvania 6s, coup., 1910..
Schuylk. Nav.lst in.6s.rg.,*97.
railroad stocks.f
Buffalo6 I^tts^&yWestern!!!
do
pref.
^j
pref
Catawlssa
i
do
pref-....
51%
do
new pref
Delaware & Bound Brook.... 120
50
East Pennsylvania
Elmira * Williamsport....... 40
55
do
pref..
do
Har. P. Mt. Joy & Lancaster. 71
do
53
2d
m.
6s, reg., 1907
BALTIMORE.
Maryland 6s, defense, J.& J...
ao
77
65
21
90
37%
107
115
122
121
126
111%
il2
90
1C6&
ii2
117%
116%
ioi
102
107%
90
103
6s, exempt, 1887
do
6s, 1890, quarterly.
do
os, quarterly
105
Baltimore 6s, 1S84, quarterly,
109
111
Huntingdon* Broad Top...
do
68,1886, J.* J
do
Jo pref. 2>%; 29
do
6s, 1890, quarterly... 114%
01%! 62
115
Lehigh Valley
do
6s, park, 1890, Q.—M.
56%
Little Schuylkill.
do
68,
1893,
M.&
S......
62% ' 63
Jiineblll
do
68,exempt,’98,M.&S i.22 1.26
57
I 58
Nesquehonlng Valley
do
6s, 1900, Q.—J.
107
108
Norristown
do
6s. 1902, J.& J
58^;
121
124
Norfolk & Western, pref
do
5s, 1916, new
'.... i
do
flo
com....
128
Norfolk
water, 8s
1
60
59%
North Pennsylvania
RAILROAD STOCKS.
Par
63
63% Balt.* Ohio
200
Pennsylvania
100 194
l
21
20%
Philadelphia* Erie....
126
do
1st pref.
34 % 34%
Pniladelphia & Reading
120
do
2d pref.
185
Philadelphia* TrentOD
Wash. Branch. 100
do
65
Phlla.Wllmlng. & Baltimore,
do
n%
Parkersb’g Br. .£0|
at. Paul & DuluthR.lt.Com
Northern Central
50 51^
do
do
pref. “ii
17
Western Maryland
...50
185
United N. J. Companies
49
Central Ohio
•0
West Chester consol, pref....
*37 :::: PittsDurg & Connell8vllle..50
West Jersey
BONDS.
:::: j Balt. RAILROAD
West Jersey & Atlantic
& Ohio 6s, 1885,A.&O.
105% 107
CANAL STOCKS.
N. W. Va. 3d m.,guar.,’85,J*J
Lehigh Navlgatlon....*••••. . 44% 44% \ Fittsb.* Oonneirsv.7B,’98,J*J* 124 126
Pennsylvania
110
Northern Central 6s, *85, J&J 103
do
Schuylkill Navigation
68.1900, A.&O. 115 118
do
pref... i‘3
do 6s,gld,1900, J.&J.
13%
RAILROAD BONDS.
Cen. Ohio 6s. lstm.,’90.M.& 8 109%
1
W. Md. 6s,let m.,gr ’90.J.&J. 110
Allegheny Vai.,7 3-10s,l896... 123%
do
do
1st m., 1890, J. * J.... 111
78, E. ext., 1910
iao
do’ Inc. 7s, end..’94. 52
do
2dm.,guar., J.&J....
2d m.,pref
io'9
do
125
Belvldere Dela. 1st m.,6s,1902. 116
do 2d m.,gr.by W.Co.J&J
do
2dm. 6s.’85.. 106
do
Sdm. 6s,’87.. 106
do 6s, 3d in., guar., J.* J.
Mar. & cin. 7s, *92, F. & A.... 127
Camden dsAmLcv t-a.toup.’sa 103
1*7%
do
105
do
-»
6s, c
2d, M.&N
108%
60
do
do
mort. 6s. ’89
Ss,3d,J.*J
59%
»13% 114%
Union RR. lat, guar., J. * J..
Cam. & Atl. 1st m. 7s. g., 1993 115
do
Cinton endorsed. iiK
126
do
2d m. cur. 7s, 1879..
ofkty
Cam. & Burlington Co. 6b,’97.
Consolidated Gas
3m
bonds
Do
:::
Catawlssa 1st,Ts, conv., *82...
10Sh 104%
j
"7%
j
....
f
..
11*
,
|
T
.
•••
.
•
»
•
....
....
.
....
115
155
112
118%
19:0
United N. J. cons. m. 6b, {94..
Warren & F. 1st m.7s, ’96
West Chester conB. 7s, ’91
West Jersey 6s, deb.,coup.,*88
do
1 st m. 6s, cp., *96.
do
1st m. 7s, *99
do
cons. 6b, 1909
W. Jertey* Ati.lstm Ss, cp.
Western Penn. KK. 6s,cp.*93.
do
6s P. B.,’96-
....
iio
124
123
123
....
Philadelphia, 5s reg........;..
Jo
104^
101
cons. m.,6s,g.,1905 101% 103
1
,do
inc.& 1. gr.,7e 1915 1-6
Jio»
Union* Tltusv. 1st m. 7s, *90.
STATE AND CITY BONDS.
Penna. 5s, g’d, int.,reg. or cp.
do
58, reg., 1882-1892
117
do
5s, new, reg., 1892-1902
do
6s, 10-15, reg.,ls77-’82.
102
do
6s, 15-25, reg., l882-’92.
do
4s, reg., 1894-1904
.
p.,
iPerklomen 1st m.6s,coup.,’8i
Phil.Wilm.&Ba t ,4s,Tr.certs
jPhlla. & Erie 2d «i. 7s, cp.,’88
do
do
pref
Atlantic
co
Sunhury & Erie 1st m.7B, *97..
Syra.Gen.* Corn’g,l8t,7B,1905
Texas & Pac. lat m.,6s,g.,1905
27
Beach & Lynn
ao
4348....
do
do
i29
'
Camden &
do
(O
Stony Creek 1st m.7b 1907....
Sunb. Haz. & W.,lst m.,5s,’2L
131
Old Colony
116
Portland Saco & Portsmouth
Pullman Palace Car
26%
Rutland, preferred
Revere
....
(Steubenv. & Ind. 1st, 6s, 1884. 1U&
...
pref..
do
do
do
Norwich* Worcestef
Ogdensb.* L.Champlain
io8%
iNorf’k&We-t.,gen. m.,68,1(31 103%
Inc.
.
no
142
Little Schuylkill, 1st m.78,’82
N. O. Pac., lit m., 6s, 1920
North. Penn. 1st in. 6s, cp.,’85. 107
do
2d m. 7s,cp., ’96.
do gen. m. 78, cp., 1903. 122
do gen. m. 7s, reg., 1909
105
do new loan ts, reg
Oh.6<...‘
&
89
jon Creek 1st in. 7s, coup.,’82.
Pittsb. Tltusv. & B., 7s, cp.,’96 100
118
•••
Old Colony, 7s
Old Colony, 6s
116
Pueblo A Ark. Valley, 7s
Rutland 68,1st mort
Vermont & Mass. RR.,6s
Vermont & Canada, new 8s..
Atchison
Boston &
Boston &
Boston &
Boston &
1 24%
107
110
do 2d m. 7s, reg., 1910. .'133
do
con. m.,6s,rg.,1923,116
do
do
6s,f-p.,19J3 115
[114
..
...
102% 105
2% July, ’81 110
2
7
do
7s
110
Fort Scott & Gulf 7a
Hartford & Erie 7s
68% 68%
K. Citv Lawrence & So. 4s...
iio
Kan. City. St. Jo. AC. B. Is.
Little R’k & Ft. Smith, 78,1st 1KHI ii 2%
PHILADELPHIA.
Bid. Ask.
105
93
160
215
154
105
—
..
Fitchburg 14K., 6s
Mexican Central, 7s
New York* New Eng. 6s—
124
...
....
do
7
3
7
5
Feb.
.
119
lid
Lehigh Valley, lst,6s,cp.. 1898 1 20
do
do reg.,1893...; 120
S<
ojiii. w. Pa*8umpsle, 7h, 18!L.'
1
Conuctton Yal ey. 7s .
eastern, Mass., 4>$8, new. ... 106% 10c%
New Mexico & So. Pac. 7b.
’88
H. & B. T. 1st m. 7s. gold. ’90.
(‘o
cons. m. 5s, 1995....
Ithaca* Athens 1st g <1, 7s.,’SO
Junction let mort. 6n, ’82
do
2d mort. 6s, 1900
do
6s
hoston A Providence 7s
Burl. & Mo., land grant 7s—
115
do
Nebr.6s
Ex.—
do
Nebr. 6s
103%'104
do
Nebr.4s
—
J
Vermont* Massachusetts..
Worcester* Nashua
Wisconsin Central
5
Nov., ’31 1?4
2% Aug., ’80 61
1898
do
6s
Boston A Lowell 7s
Chicago Burl. & Quincy 4^...
Ask.
do
5s, perp....
95
Easton & Amboy, 51
104
Harrisburg 1st mort. 6s, ’81...
127
Albany 7s
Boston <s
in., 10s,
7s 1900
..
--
65
105
250
240
100
H. Prentiss, Broker, It Wall Street.]
j
„
!60
113
City Railroad Stocks and Bonds.
[Gaa Quotations
do
.
Standard
Star
50
150
100 ' 108
25
200
25 (180
17
190
20
155
70
125
100
135
30
55
50
100
100
240
40
220
100
90
30
100
50
120
17
90
10
108
100
1!5
100
185
50
155
50
125
25
270
100
65
15
125
50
155
50
65
100
153
50
115
50
95
100
65
30
150
20
190
40
5 i
50
l<8
100
60
25
60
50
116
25
60
100
135
95
100
140
25
145
50
50
75
120
50
120
50
50
155
115
35'
150
100
105
65
100
65
100
190
50
1< 5
25
215
25
100
120
190
20
115
50
150
50
50
85
70
100
145
25
125
50
80
100
60
100
125
25
>.00
25
135
25
115
10
210
50
new
Connecting 6s, 1900-1904
Chartlers Val., 1st m.7s.C.,190l
Delaware mort.. 6s, various..
Del. & Bound Br., 1st. 78.1905
East Penn. 1st inort.7s, ’88
E1.& W’msport, 1st m.,78,’80.
121
118
..
10U
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
75
100
Bid.
8BOT7KITIK8.
*
*
In default.
*
*
t Per share’
*
Earning’S.—The latest railroad earnings and the
totals from Jan. 1 to latest dates are given below. The state¬
ment includes the gross earnings of all railroads from which
returns can be obtained.
The columns under the heading
“Jan. 1 to latest date” furnish the gross earnings from Jan.
1 to, and including, the period mentioned in the second
.Railroad
oolnmn:
Jan. 1 to latest date.—*
reported—,
1881.
1880.
1SS0.
1881.
#61,150
#709,606 #583.056
#78.242
Ala.Gt. Southern .November.
Atch.Top. & S. Fe November. 1.277,000 887,153
240.362
239.292
22,999
26,389
Bost.& N.Y.Air-L .October...
42,471 2,079.519 1,902,536
50,624
Bnr.C.Rap.&No. 1st wk Dec
381.898
39,652
376.074
36,187
Cairo & St. Louis November.
475,532
408,613
74,589
61,000
Carolina Central October.
Central Pacino... No vein her .2,267,000 2,199,466 21,844,094 18.602,887
211.820 2,263.522 2,215,505
October...
237,303
Ches. & Ohio
151.747 7.056.917 7,295.250
Chicago & Alton 1st wk Dec 159.72 L
Chic. Burl. & Q... October ...2,031.001 1,934.762 17,451,832 17,031,616
33,734
45,964
Chie. <fe East. Ill.. 1st wk Dec
28,153
31,373
Chic.&G.Trk.Wk. end. Dec. 10
348,510 15,561,000 12,037,314
Chic. Mil. & St. P 1st wk Dec 390.000
356.500 20,362,694 18,294.607
Ohio. <fc North w. .1st wk Doc 427,800
69,371 3.674,783 2,879.295
97,625
Chi.St.P.MIn&O. 1st wk Deo
81,780
Chic. & W. Mich.. SerptembT.
96,177
209,014 2,104,293 2,213.931
194,805
Cin. Ind.St. L.&C November.
26.277
759,648
73 4,313
2d wk Oct.
24.838
Ctn. & Springf.
99,419 3,196,739 3,432.039
93.628
Clev. Col. Cin. & I 2d wk Oct.
7,732
391,833
401,783
8,705
Clev.Mt.V. <fcDel 1st wk Doc
51 4L2
69,412
Ool.&Hock.V.,&c. 1st wk Doc
—Latest earnings
Week
or
Mo.
.
.
Denver <fc Rio Gr 2d wk Dec.
DesM.&Ft.Dodge 1st wk Dec
Det. Lane. «fe No. November.
DubnquocfcS.City 1st wrk Deo
EastTenn.V. &G .1st wk Doc
Flint <fe Pere Mar 1st wk Dec
145,148
Gal.Har.fe San A. Septemb’r.
Gr’t Western.Wk end Dec, 2
Gr*n Bay &, Minn lstwkOct.
Gulf Col. & S. Fe November.
Hannibal A. St. Jo 1 st wk Dec
Houst.Ii&W.Tcx. Novembor.
Houst. & Texas C SeDtemb’r.
IllinoisCen. (Ill.). November.
Do
(Iqpa). November.
147,785
1st wk Dec
d. Dec. & 8p... November.
t.& Gt. North.. 1st wk Deo
November.
Iowa Central
Hake Erie& West. 1st wk Doc
Louisa. &Mo. R.. Septemb’r.
Louiev. & Nashv. 1st wk Dec
Sidlana Bl. & W.
Marq. H. <fe Ont’n. Septemb’r.
Memp. & Chari... 1st wk Doc
Memp. Pad. & No. November.
88’,601 5,880.i40 3,281’,006
107,533
21,234
26,549
69,977
38,350
103,917
294,818
374,590
6,789
8,346
120,243
1,061,537
1,025,961
72,572
34,712
147,735
1,727,781
1,430,578
105.214
4,830,006
'....I...
4,747,418
2,095,047
143,887
2,653,355
G.147.090
1,686,693
2,311,974
89.316
2,387,260
6.006,180
1,624,872
465.010
2,503,415
391.299
1,752,833
23.379 1,292,354
43,404
355,41 L
218.500 10,474,154
101,079
41,427 1,138,288
22.917
221,096
9,600
557,490
6»,990 1,073,494
137,586 7.415,178
1,105,037
340.696
8.760,661
33,579
38,654
52,648
96,895
52,464
269,580
134,742
40,597
22,783
1,052,379
195,803
378,738
.
.
..
..
26,034,33*
*
1 Including leased lines.
Including Ohio Division.
Sub-Treasury.—The following table shows the receipts
payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
U. S.
and
$
669,523 50
$
Deo. 10.. *1,759,151 30
JO
"
13.1
*'
“
w
1,499,150
1,730.493
14.. *1,836,358
15..
1,415,724
16.. 1,144,887
Total.....
*
1,139.036 49
1,039,859 25
912,253 78
34
59
66
14
37
2,925,711 15
2,237,890 67
Coin.
Currency.
'
$
$
87.528,252 19
87,932,971 08
88,539,609 33
89,466,570 07
87,940,439 87
86,898,391 43
8,924,274 84
9,385,765 40
Includes $1,000,000 gold received from
4,661,399
4,616,794
,4,700,790
4.697,879
4,714,022
4,663,035
51
47
56
75
94
08
•
$4
82
3 82
X X Reiohmarks. 4 73
X Guilders
3 96
Span’h Doubloons. 15
Hex. Doubloons.. 15
Pine silver bars
1
Fine gold bars....
Dimes & % dimes. —
..
55
50
®$4 86
Silver Us and %s.
86
76
97
70
60
Five francs
Moxican dollars..
Do uncommero’l.
3
® 4
3
-a 15
®15
I2%a>
par 'd
l 13
% prem.
99%^
par
English silver....
Prus. silv. thalers.
U. S. trade dollars
U. 9. silver dollars
—
993t®
par.
®
—
95
87%a>
—
83*2
86
®
—
87
4 70
®
—
—
—
—
—
—
92
67%^
9938®
9970<t
4 80
—
—
Loan* and
discounts.
S
2,000,000
Amgrica
3,000,000
1,000,000
7.447.000
fl.oru.soo
7,318.000
4.0-4.000
8.113.000
3,307.000
8,115,000
2.015,000
1,200,000
1,000,000
1,000,000
City
Tradesmen’s
Pulton
Chemical
693*
99^8
par.
1.57t,70i <
338,200
274.800
2,034.800
200,000'
OOO.OCOj
300,000
800,000
Republic
422,700
1,500,000
Chatham
450.000
People’s
200,0*10
Pacific
700,000
North America..
500.000
Irving
000,000
Citizens’
Shoo A Leather..
Corn Exchange..
Continental
Oriental
400,000
1,500,000
2,000,000
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000
Park
Mech. Bkg. Ass’n
North River
East ltivor
fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
U. S. Nat
300,000
250,000
200,000
750,000
800,000
100,000
201,000
200,000
500,000
Total
61,162,700
Bowery National
N. York County..
Cierm’n Amerlc’n
Chase National..
Fifth Avenue....
German Exch. ..
Germania.^
207,000
1.302.000
799,500
304.000
184.400
704.900
2,093.000
323.300
3.329.700
460.000
9.700.000
411.200
8 992,700
208.200
41s,000
213.900
325,000
181,100
91,200
190.000
3.917.500
462,090
181.400
202,000
230.900
932,000
177.500
1.257.-00
258.300
408,000
225.300
82,500
133.50j
03.700
08,000
153.000
215,909
23.500
378,200,
338.900
2,524,000
302.400
*01,000
453.700
•
421,000
869,000
787,000
5,529,800
227.009!
4,539,000
384.100
85,700
33.000
73.400
118.106
980.500
1.032,200!
5,867.5'Ki | 1,218,5 10
14,233,000 3.290.300
938.700
5.568.900
204,000
1,445,700
217.000
1,063,500
21.400
1.578.500
323.100
2.441.100
4.120.100 1.140,7«)0
920,800
45,000
990.200
900.000
0,012.100
800.000
2.489,001.
3.39-i,70G
8.421.900
1.093,600
2.048,100
7.725.100
2.453.700
l,125,000
45,000
5,400
800.000
441,100
2.250,000
10.618,000
2.244.800
2.408.700
270.000
2.485.500
2.048.40C
3.040,000
2.519.100
7.091,300
1.804.700
3,73 LOGO
430.000
450.000
450,000
4,600
113.900
1.103.800
159.000
1.475.000
L,768,900
2.093.100
4 620.400
1.903,0 K)
442.000
07.3x1
e3,ioo
12.8,50 »,
139,000
370,8001
31,200
50,000
1.334.100
1.276.100
2,601
430,000
83,000
280.00.)
329.009
212.4)0
45S.400
113.200
400,800
1.378.000
504.900
165.200
50,000
1.132,600
4.530.100
1,020.000
U 10,000
1.900.200
2O.980.3OC
639.O0C
908,300
818,700
10,0041,800
7.722.000
3.457,COO
5.889.300
15.410.300
5.618.200
90.000
55S.OOO
1.787.000
731,700
793.800
250,000
174.000
2.081,101
1.310.200
8,900
763.200
45,000
1,118,900
45,000
136.200! 20,000.801)
17.105.900; 3.781.300
7,047.000'
3,301.0 )0|
1.100
i;303,3OO
55,300
127,000
162,100
155.200
4 7.000
17,025.400
935,100
1,000,000
2.981,000
7.511.700
283.300
2,092.400
3,005,700
2.382.000
3.431,000
3.971.900
7,357,000
1.924.100
8,121,000
19.202,800
1,000,000
500,000
5O0,OOO(
500,000
1,000,000
1,000,0. *)
300,000
Nassau
Market
St. Nicholas
22.000
192.000
749 00
495,000
830,000
5.895.000
3,254,301
13>'0|,000
2.051,000
3,000.000
....
4,048,0,00
5.236.200
307.900
124.000
7,981,800
2. SQ 1,700
1,000,000
Hanover
551,80(1
549.300
534.800
408,000
2,432.100
831.400
1,092,000
337.100
(315,400
2.110,400
5.571.900
3.357.300
1.424.900
2,651.000
£
9.480.000
5.845.000
5.791.700
11.303.300
19.900
5,000,000
D.UOO.OOOi 15,223.400
1,000,0001 5.202.500
0,162,900
1,000,000
tion.
258,000
175,000
820,200
536,006
13.U0C
154,000
1.024,000
988,700
2.756.200
969,800
3.001,000
12.751.000
Oirculom
317.809
4.018,100
200,0001
Bread wav
ditun
730.500
081,000
4.147.100
1.514.900
300,0001
Mercantile..''.
Met rop
910,000
599.109
12,073,500
300,000
1,000,000
1.000,000
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
577.700
1.505.300
000,<000
Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ A Tr.
Net dept’s
other
than U. S.
.
Tenders.
1.930,000
1,030,000
1M .'8.000
2,050,000
2,000,000
2,000,000
Phoenix
Legal
Specie.
l~
New Vorlc
MitahaUun Co...
Merchants..
Mechanics’
Union
314.738,999151.858.000,15.740.410
225,000
310,000
..237,060
270,060
£97,760
439,800
270.000
225.000
180,000
81,300
1.508.900
1,495, OiK)
4.852.800
450.000
2S0.24a.10Q 20.238,400
The deviations from returns of previous week are as follows:
and discounts
Dec. £532,800 i Net deposits ... ■
Dec. £192,400
Specie
Dec.
457,900 I Circulation
08,200
Inc.
Legal tenders
Doc.
121,300 i
Loans
The following are
Nov.
Dec.
the totals for a serie.3 of weeks past:
Loam.
Specie.
*
£
1881.
LO....314.7'>3,90O
£
$
51,853.900
Boston Banks.—The
banks for
a
following are the totals of the Boston*
7.614,000
151.0)6,0 )0
7,813.4)0
110,907,9 )0
149.73S.1O0
Deposits * Circulation. Agg. Clear.
*
- £
£
L. Tenders.
Specie.
£
£
£
93,219,100
Philadelphia Banks.—The totals of
follows:
Circulation.
£
*
*
17,895,021
65,234,802
73,907.607
J 7,904.09 L
fl»,« 33,3 51
11,122,340
11,133,670
74.064.73J
17,933,233
61,519,723
73.ni2.2f l
67.301.182
70.413.738
71,557,203
tin Phlla leiphia banks
Deposits.
L. Tenders.
Loam.
£
1881.
Nov. 23
Doc. 5
“
12
32,136.300
32,106,000
3.3,033,000
95.116,100
S,723.5)0
4,193,800
1,403,000 93.8'9.40'J
“ due to Other Dinks.”
8,105,300
Including the item
are as
20,138,200 982.859,202
20,230,400 952,335.538
283,243,100
15,710,400
series of weeks past:
Loans.
1.881
Nov. 2-..
Doc
5.
“
* 12..
*
Circulation. Agg. Clear.
$
£
236,533,400 20,000,200 693.475.503
Deposits.
L. Tenders.
20....314,758,800 57,020,100 15,593.000
8....315.321,100 55,316.800 15,831,700 260.4:37.590
Agg. Clear
£
43,425.676
61, (.83.873
50,803,609
11,143,270
Unlisted Stocks and Bonds, ,—The following are the reported quotations for sesuritie. e that are not listed” at the
Bid. Asked.
Stock Exchange:
sia
Moxican Nat. subs., ex .... *15
til
Am. Cable Constr. Co.
Dp
64
f 145
bonds, ox... 60
Am. Railway Imp. Co
17
2()
54 Mexican stock
4%
Atlantic & Gt. West..
Mat. Union Tel. subs
00
6
Do
pref
-4U2
Amor. Elec. R. & Pow.$30O
Boat. II. & E., nowdt’k
2%
Do
old stock....
14
$550
2%
1%
127
140
Cin. & Georgia subs... 3(0
100
Donver & N. Orleans . 95
78
Denv. & R.G.subs.now 75
Do
unl’d consols. 104%’ 105%
850
Edison Electric L. Co
Gr. B. Win. &St. P.sfk 114
Grand Rapids & Ind
Hud.Riv. Contract 00.1054:
I. C. & L. old stock
14
Ind. Deo. & Sp. com... 20
Do
Do
Philadelphia Mint.
Coins.—The following are quotations in gold for various coins:
Sovereigns
Hapoleons
Capital.
Biink*.
Continental Constr. Co. ....
Central F.ailway Construct’u Co. (D.L.W.) 26
Chic. Burl. & Q. rights
Cbio. M.<fe St. P. rights
Balances.
Payments.
Receipts.
Average amount of
Importers’ & Tr..
75,727
63,218
7,575
409.363
606,905
176.214
M.eroh’nts
Nevr York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending at the commencement of business on Dec. 10.
Marine
8.371
8,718
131,424
44,457
18,487
381.517
585,826
162,409
43.401
39.624
76.756
85,889
27,746
14,040
M11.L. Sh.<feWost. 1st wk Dec
717,784
82,246
Minn.& St. Louis. 3wksNov.
5.645,4 L8
tMo. Kans.&Tex. 1st wk Dec 186.385
111,209 6,243,733 5,072,112
Missouri Pacific 1st wTk Dec 148,997
251,307 2,127,198 1,986,249
Mobile <fe Ohio.... November. 252,434
178.266 1,750,070 1,691,340
172,121
Nashv. Ch.&St.L October...
N.Y. L. Erie& W Septemb’r. 1,731,200 1,780,418 15,291,509 14,065,332
210,856
N.Y.&N. Engl’d November. 242,412
508.824 4,493,323 4,311,285
N. Y. Pa. & Ohio.. October... 455,277
209,017 2,047,931 1,882,449
Norfolk &West... November. 216,439
512,918 4,479.914 4.097,022
Northern Central. October... 449,664
55,249 3.C98.817 2,463,966
88,602
Northern Pacific 1st wk Doc
October...
81,631
Ohio Central
10,079
Ohio Southern.... 1st wTk Dec
Oreg’nR. Nav.Co. November. 458.300 324.305 3.988,535 3,180.434
493,627
365,551
*37,558
51,237
Pad. (feElizabetht. November.
October... 3,672,971 3.8S2.714 36,552,212 34,137.327
Pennsylvania
610,623
416,393
7,536
13,061
Peoria Dee. <fc Ev. 1st wk Deo
367,032 2,887,459 3,12-0,848
Philadol. &Erie.. October... 292,392
Phlla. & Reading. October ...1,989,948 1,746,299
20,233 1,307,199 1,335,945
1st wk Dec
22,174
St.L.Alt.tfeT.H,
686,781
663,316
17,294
12.860
Do
(brehs). 1st wk Dee
148,314 6.778,888 5,756,990
Bt L. IronMt.&S. 1st wk Dec 168,642
51,157 2,940,39.0 2,524.873
68,069
Bt.L. & San Fran. 1st wk Dec
61,101 4,479,713 2,920.994
St.P.Minn.& Man. 1st wk Dec 129,017
405.994
297,569
5,306
1st wk Dec
9,991
Soioto Valley
29 dysN’v.
South Carolina.
116,965 114.831.
66,595 3,621,979 2,485,094
81,628
Texas (fe Pacific.. 1st wk Doe
9.849
17,509
Tol. Delp. & Burl. 1st wk Dec
1 22,207,051
718,341
Union Pacific.... 12 dys Dec. 899,554
239,169 13,511,063 11,618,426
Wab. St. L. (fe Pac. 1st wk Deo 323,327
4§
[Vol. xxxm.
THE CHRONICLE.
684
47
pref
2d m.5 p.c.,n. 82
Interuat. Imp. Co. ex. 90%
Int. Ocean Tel. Oo
....
Inter-StateConst’nCo.
Iron Steamboat stock.
Do
1st raort. bds.
Kan. &Neb. 1st mort..
Keely Motor stock
Lebanon Springs 1st..
Lehigh &Wilkesbaire.
Markland Elec. Light
Mid.RR.of N.J.ass.fttk.
Do
A stock
.....
82
46
90
86
23
33
$1
20
12
Missouri Pacific rights
....
N. J. 8outhcrn
1
N.Y. Loan (fe Imp. Co. 80
N. O. Paoitlc subs
1004
North River Coa3t. Co. 18
N. Y.Ch. &St. L. subs. 40
N.Y. & Scran. Cons. Co 95
Oregon Imp. Co. 1st
Do
fctock
80
Ohio
PacificR’yIm.Co.,ex/
....
Do
40
23
14
24
Pitts. & West
SelmaRomo&D.lat M
$1 10
82
80
94% 95
C..subs., #800pd.$480 $500
91%
95
90
119
142
103
91
85
Oregon Trans.,part p’d
Oreg. Short Lluo subs.
55
25**
83
HOI
M. 90
Rich.A: Al. subs
$9j>0
Rich. feDan.Ter. rights 15
Roeh’r & Pitts’g rig'ts.100
So. Carolina RR. stock 40
2d mort
127
Do
107%
DO
20
42”
130
76
5k
non-mort
2d M. stamp
2d M., clean
incomes....
stock
St. Jo. <fe West stock..
St. Jo. & Paoiflo 1st M.
Do
2d mort
Do
Do
Do
Do
4
....
1%
12
92
30
•
3%
2k
lk
17
95
35
93
91 100k
Col. Imp
100
155
U. S. Electric Light Co.140
13^
12%
Vioksb.Mer’n oom.sfc'k.
1 ni jpmint.
Texas,St.Louis RR.subl
Texas &
ft
Dimmiinn
/
XJffCBMBEIt
Richmond, the following directors were
Jmrestmcitts
AND CORPORATION FINANCES.
The Investors’ Supplement contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the last
STATE, CITY
other month—viz., February,
October and December, and is furnished
al.l regular subscribers of the Chronicle.
sold at $2 per copy.
~
ANNUAL REPORTS.
August,
charge to
are
^
April, June,
without extra
Single copies
“
Fitchburg: Railroad.
(For the year ending September 30, 1831.)
Railroad Gazette condenses the annual statement
company as follows :
of this
“This company worked during the year ending September
30,1881, the main line of 50'6S miles from Boston to Fitchburg,
and 42 04 miles of branches owned, and the Vermont & Massa¬
chusetts Road, 56 miles of main line and a branch of 2’80 miles.
It also ran trains over the Troy & Greenfield Road, owned by
the State of Massachusetts, making its main line 143^ miles
long, from Boston to North Adams. The total mileage, includ¬
ing the Troy & Greenfield Road, was 189 miles. The following
figuies are from the report to the Massachusetts Commission:
“The equipment includes 91 engines, 128 passenger-train
cars, 3,020 freight cars and 167 service cars; an increase of 10
engines, 14 passenger, 599 freight and 41 service cars.
The
The liabilities at
“
the close of the year were as
Stock..
Funded debt
Current accounts
Profit and loss
follows :
$4,950,000
2,000,000
2,033,441
420,909
$9,410,350
and floating debt
-
Total
“During the year
debt by $500,000, and
by $723,441.
stock was increased by $450,000, funded
the current liabilities and floating debt
the new construction during
There was also invested in the
Hoosac Tunnel Dock & Elevator Company $280,500 ; upon the
Vermont & Massachusetts Division, $371,000, and upon the
great freight yard in Somerville, $110,000.
“The report further shows that
the year amounted to $601,242.
The traffic for the year was as
“
Passengers carried
Passenger miles
Tons
follows
:
1880-81.
1879-80.
2,657,984
42,854,047
2.461,603
1,776,960
114,507,9 L6
freight carried
Ton-miles
39,752,302
1,546,950
109,323,290
•’
to and from Boston was 1.853,679, an increase of 9 per cent. The average rate per pas¬
senger per mile was 1 '82 cents, a decrease of 4'7 per cent.
The company reports 2,111 persons employed on the road.
26 persons were killed and 68 injured on the road, against 4
killed and 18 hurt in the preceding year.
The earnings for the year were as follows :
“The number of passengers
“
“
Gro.°s earnings
Net
earnings
Gross earnings per mile
Net earnings "per mile
Per cent of expenses
“
1880-31.
1879-80.
$2,655,829
$2,404,599
2,796
80'10
$739,061
13,040
3,910
7001
2,127,437
$528,392
11,052
Expenses
The increase in expenses,
1,725,535
which reduced the net earnings
largely, is partly explained below; much of it was doubtless
due to the very low rates on through business for part of the
rear, and something also to the general increase in cost of
so
labor and materials.
“
The result of the year was as
Net earnings, as above
follows
:
Interest
Rentals
s.
$140,1>0
237.S11
$523,392
315,000—692,991
Deficit for the year
—'...
$164,599
“Notwithstanding this delioit, the directors at their meeting
in Boston last week decided to pay the stockholders a dividend
of 3 per cent for the past half-year. They took the position
that the present condition of affairs is only temporary, and
that they were justified in taking from their surplus sufficient
to make up the next dividend. The past year’s operations of
the Fitchburg Railroad have been marked by several unprece¬
dented occurrences, which, more than any thing else, have inter¬
fered with a successful return. Beginning with October last
year there was a serious blockade, owing to a lack of terminal
facilities at this end of the road, extending into December. In
January, February and March there was a disastrous snow
blockade upon the New York Central, followed by a strike of
brakemen lasting about three weeks.
Soon after this the
ruinous warfare iu through rates began and is still being
Dividends, 7
per cent
.
Add to these drawbacks the want of termi¬
nals in the snape of elevators and wharves, which are now
nearly ready for business in the Charlestown District, and the
condition of the Vermont & Massachusetts Division, a large
furiously fought.
portion of which is being
that the road makes
year’s work.”
.At the
elected for the ensuing*
W. H. Barnum, of Lime Rock. Conn.; John P. Branch,
of Richmond, Va.; Calvin S. Brioe, of Lima, O.; Daniel P. Balls,
of Cleveland, O.; F. 0. French, of New York; Joseph H. Gray,
of Boston, Mass.; John J. McCook, of New York; \V. L. Scott, of
Erie, Pa.; George I. Seney, of New York; Samuel Shethar, of
New York; John W. Simpson, of New York; Samuel Thomas,
of Columbus, 0., and Charles E. Wortham, of Richmond, Ya.
Five of these gentlemen are new members of the board—Messrs,
Branch, Brice, Eells, Seney and Thomas—and of these all rep¬
resent the Ohio Centrafinterest except Mr. John P. Branch.
The President says in his report:
The Richmond & Alleghany Railroad Company acquired
the properties, works and franchises of the James River &
Kanawha Company and the Buchanan & Clifton Forge Rail¬
way Company, at a cost, in stock and cash, of $6,389,511, thus
securing legal right of way for its railway lines, basin and
docks in Richmond, and other property, including liens of
$1,537,381. The company acquired rights of way needed by
improved location at a further cost in cash of $199,097. These
disbursements have been arbitrarily .-divided, ‘distributed*
between Richmond dock property, valued at $1,000,000, and
rights of way and franchise, $5,588,609 ; total, $6,588,609.
Under an agreement between the trustees of the first mortgage
and this company, provision was made out of proceeds of first
mortgage bonds for existing liens, which liens were to be
acquired by the trustees and held uncanceled as a muniment
year :
AND
Saturday of every
6S5
THE CHRONICLE.
17, 1881*3
double-tracked, and it is surprising
a showing as it has for the past
of title and for further assurance.
The amount of these liens outstanding was
$1,537,381
Of which tho trustees ou the 30th September, 1381, had ac¬
quired
They have siuee delivered to
1,393,637
74,743
;
the Stato of Virginia
$1,318,894
The amount of liens outstanding has been
State bonds for maintenance of convicts
Buchanan & Clifton Forge Railway
County of Rockbridge bonds,
gage
outstanding, as hold bjr first mort¬
$1,373,253
outstanding
completion of 250
satisfying contract of March 5, 18S0, all the United
bonds have been delivered to the company by the Board
“Since date of balance sheet
miles,
$164,123
$1,318,894
54,358
trustees
Held
>lu by
l
othors.
Total
35,000
waterworks contract.
!
Total
The amount of liens now
$79,128
50,000
acquired by completion of road
City of Lynchburg bonds, acquired by
"
diminished by
employed on
and
upon
States
of Public Works of the State of Virginia.
“
The main stem, Richmond to Williamson (with arrange¬
ments for temporary use of the Virginia Midland track through
Lynchburg, as contemplated by statute', was
12, 1881; the branch to
completed Sept.
Lexington, Oct. 14, 1881, in
advanoe of
*
*
*
An
power has been appointed, and under
a careful supervision it is believed that this department of the
property will become an important one. Measures are under
consideration for the material improvement of the power at
Richmond. The power owned by the City of Manchester has
been acquired by this company. , The differences between the
authorities of Lynchburg and the Canal Company have been
charter
“
requirements.’’
engineer of water
*
happily adjusted.
“The important events in the history of the company are:
First, the contract entered into with the Ohio Central Railroad
Company of Ohio, the Atlantic & Northwestern Railroad Com¬
pany of West Virginia and this company, for the
of the three companies; tho subscription of $5,000,000 secured
for the completion of existing lines; extension of Ohio Central
to the Ohio River, bridging the Ohio and construction of rail¬
road to Charleston, West Virginia. The projected route of the
extension is from Eagle Rock, 17 miles west of Buchanan, fol¬
lowing the valley of Craig’s Creek, and by tunnel of one mile to
the valley of Sinking Creek, a tributary of New River. This
route admits of a line with a maximum grade of 80 feet. The
length of the entire lines, consolidated and to be constructed, is
consolidation
stated at 800 miles.”
The following statement
sented:
of earnings and expenses was pre¬
EXPEN8E3.
EARNINGS.
$90,858
57,889
2,904
Freight
Passenger
Express
1,996
545
United States Mail
Rents
Telegraph
Total
tion, freight
Conducting
transporta¬
tion, passengers
630
Maintenance of way
Motivo power
Maintenance of cars
$155,727
Operating oxprees
Operating telegraph
902
Miscellaneous
transporta¬
Conducting
general balance is as follows :
LIABILITIES.
Stock
First mortgage bonds.
Second mort. bonds...
Alleghany oar trust...
James Riv.& Kanawha
Canal liens assumed.
Bills & acets. payable.
Total
$5,000,000
4,925,000
729.000
170,000
1,537,391
1,148,36G
17,578
32,334
29,043
6,205
1,565
603
$137,390
Total
The
$50,859
RESOURCES.
Cost of prop’y to date.
J. R. & K. Canal liens
with trustees
U. 8. bonds at par
Bills & aoots. reooiv’le
Materials
Cash
$13,510,248
Wilmington & Weldon Railroad.
{For the year ending Sept. 30, 1881.)
$11,798,153
1,393,637
142,000
107,721
23,359
45,373
$13,510,248
passed by the stockholders at
recently passed the following:
Richmond & Alleghany.
Resolved, In accordance with the authority conferred upon
the board of the stockholders at their meeting, W. F. Walters,
(For the year ending SepL 30, 1881.)
D. MacRae and B. F. Newcomer are appointed a committee
annual meeting of stockholders of this company in
as
good
In pursuance of resolutions
the annual meeting, the directors
686
THE
CHRONICLE.
with power to advertise for proposals and to dispose of so much
of the capital stock of this company as mav be necessary to
meet the expenditures made and to be made on the Scotland
.Neck Branch Railroad and to provide for this company’s pro-
Sortionmay
of such
sleepingessential,
car equipment
fornotthetoAtlantic
Coast
be deemed
the whole
exceed $200,ne as
000 and not to be disposed of below par.
Also to notify the
holders of the $571,600 7 per cent bonds, recently issued, num¬
bered from — to —, of their privilege to sell the same to the
company at 110, payable in capital stock at par, provided they
notify tne Treasurer at Wilmington of their desire
or before the 5th of January next.
to
do
so on
The President’s report says :
“
At the last meeting of the
stockholders, the subject of the
the 1st of July, 1881, was referred to the
board of directors with full power to’ act. The board appointed
a committee to take the same into consideration.
By the pro¬
ceeds of 578 bonds the debt has been funded into 7 per cent
bonds, as was provided at the time the mortgage was made.
sterling debt due
on
■Gross earnings
Gross expenses
Net
$750,916
417,083
earnings
$303,833
“The gross
receipts have increased $147,741, and the net
receipts $114,908. As rates on freight and passengers have
been reduced during the year, this increase in receipts is due
entirely to increased business. For steel rail purchased during
the year $72,670 has been paid. The new round-house has
been completed at a cost of $20,331.
The business at Goldsboro has improved so much that it was
found necessary to build a new warehouse and cotton platform
there; and, possessing-no suitable location, real estate had to be
purchased. The warehouse and platform are now nearly com¬
pleted. The road and equipment has never been in better
[Vol. XXXIIlj
stockholders be declared out of the net
earnings of the
past
year, and that the balance of the net profits, together with
any excesa of earnings, over and above 6 per cent, for the
coming year, be applied to the permanent improvement of
the
property.”
INCOME ACCOUNT FOR TIIE FISCAL YEAR ENDING
SEPTEMBER
30, 1881.
Assets at the commencement of tlie year
$243 999
Receipts—
From freight
From passengers
From Southern Express Company
From United States Mail.
From sleeping ear
From Western Union Telegraph
Company
From minor sources of income
11iterest recei ved
Mileage of
cars
$404,152
151,990
8,081
40,983
14
1,262
34,471— 640,956
931
(balance)
:....
4,997—
^
„
Expenditures—
Conducting transportation
5.929
$890,885
$89,110
138,247
Motive power
Maintenance of cars
Maintenance of roadway
General expenses
Interest coupon paid
Interest current paid
Construction and property account
Reduced floating debt
Assets at the close of the year
61,219
181,391
35,071—$505,039
96,000
288—
;
96,288
9,237
6,424
273,895
$890,885
GENERAL INVESTMENT
NEWS.
“
•
•condition.” * * *
“
It is submitted whether it would not be
good policy to
make moderate dividends and complete the works, and renew
temporary with permanent structures, so as to be in condition
to pay
dividends,
in such business depressions as followed
the panic of 1873. It is further submitted that branch roads
could be constructed at comparatively little cost that wrould add
greatly to the net prolits.” * * *
“For the past three years 3 per cent annual dividends have
been paid. It is believed ihat a dividend of 6 per cent per
annum can hereafter be paid to the stockholders, and the
prop¬
erty, as far as necessary, be improved ; any excess of earnings
beyond that to be applied to the improvement of the road,
replacing the old iron rail, as it wears out, with steel. With this
policy it is thought that the stock can be relied on for perma¬
nent
even
dividends.”
INCOME ACCOUNT FOR THE FISCAL YEAR ENDING SEPT. 30, 1881.
Assets at commencement of tlie year
Receipts—
From freight
From passengers
From United States Mail
From Southern Express Company
From telegraph receipts
From minor sources."!
Interest received
Increased floating debt
$154,752
$449,914
210,912
67,858
12,164
1,423
8,643—750,916
1,202
50,207
$957,079
Expenditures—
•Conducting transportation
Motive power
Maintenance of cars
Maintenance of roadway
General expenses
New shops...'
Interest coupons paid
Dividends Nos. 13 and 14, paid Nov., 18S0, and
Mileage of cars (balance)
Construction and property
Assets at close of the year
$103,159
101,204
50,246
141,757
12,511
38,203—447,083
105,368
July, 1881
87,138
Buffalo New York & Philadelphia.—From the
report
made to the New York State Engineer the
following statement
of earnings is made :
1880-81.
Passengers
Freight
Mail, Ac
ExieiiCS
1879-80.
$154,470
938,009
Total
Net
'
$173,116
846,512
31,088
30,364
,$1,142,214
$1,031,347
634,495
earnings
687,424
$507,718
,
$343,922
The interest
charge is $210,000 per year, and the balance of
earnings was in improvements. The control of this road is
now held by the Buffalo
Pittsburg & Western syndicate.
Central Iowa.—The following circular to stockholders has
been issued under date of December 10 :
Portions of the branches mentioned in the last publication of tlie
company’s affairs are nearing completion, and will, embracing 100
miles, comprise divisions of this company’s system. They are shoots
thrown out designing further extensions to check the encroachments of
neighboring corporations whose enterprise cannot be overlooked. A
line, designoted the Chicago Burlington & Pacific Railway,*projected
140 miles, 60 of which is graded, has been secured to be received into,
form a part of, and enlarge the corporate limits and
earning capacity of,
the Central Iowa Railway Company, and will be finished next season to
the Mississippi River.
An arrangement subsists wliereby\the holder of record December
20,
1881, of twenty-five shares, or any multiple thereof, of Central Iowa
Railway Company stock, may, until Dec. 31.1881, be privileged to $800
more of said Central stock,upon
subscribing to and payment for $i,000,
6 per cent 30-year bonds of a first mortgage upon this newline to be
made and issued by the Central Iowa Railway
Company at the rate of
$12,000 per mile of constructed road.
Privileges belongingTo any number of shares may be assigned upon
tlie form aunexed. Send applications to Messrs. Taintor & Holt, 10
Wall Street, New York, accompanied by an instalment of 10
per cent on
the sum subscribed, after which instalments will be
payable at their
office: 15 per cent February 1, 18S2; 15 per cent March
1,1882; 15
per cent April 1, 1882; 15 per cent May 1, 1882; 15 per cent Junel,
1882, and 15 per cent July 1,1882.
Isaac M. Cate, President.
Central of New
Jersey.—At a meeting of the income bond
Times reports it was claimed that, according
to the agreement under which the bonds were taken
by them,
in 1878,"it was stipulated that they should be
181
payable in thirty
5,651 years from their date, but that in the bonds themselves the
311,656
words, “or before,” were wrongfully or by mistake inter¬
$957,079 polated, making a serious discrepancy in the two documents.
The committee previously appointed
Wilmington Columbia & Augusta.
reported progress, and
asked that they be continued over until another
meeting, which
(For the year ending September 30, 1881.)
was done. By the middle of
January, they said, the road would
The President and board of directors submit their second be out
of the hands of the Receiver, and everything looked
annual report since the reorganization of the company, which
promising
for a satisfactory and favorable termination of the
shows the following:
present controversy. Mr. William Alexander Smith, of the
Gross earnings
$640,956 committee, recommended that the bondholders should not push
Gross expenses
505,039
Net
;v:
$135,917
From the foregoing exhibits it will be seen that the
gross
receipts have increased $93,510. The net receipts are appar¬
ently $9,506 less than last year, which is more than balanced
by the payment of $42,900 for new locomotives, which has been
charged to operating expenses. At the reorganization of the
road, it will be remembered that the board of directors author¬
ized the use of the profits for a certain time in making renewals
of track and other repairs for the permanent
improvement of
the property. While the full quantity of steel rail has been
purchased, it has not yet been put in the track, owing to delays
in delivery. When this rail is laid, the track will be in excellent
condition and require only the usual
quantity for renewals.
While seventy-five new cars have been added to our car
equip¬
ment’during the year, the receipts uf the road could have been
materially increased with a greater number, which the com¬
pany ought to build as soon as possible. They can build in
their shops an average of about ten cars per month. To
meet the requirements cf the
passenger traffic four passenger
cars ought to be built.”
* *
“It- is recommended tkat a dividend of 3 per cent to the
“
-
holders, the
matters
too
strenuously, but that they should insist by all
upon the correction of the error on the face of the bonds
and the payment of back interest and income. „Notices served
means
by Man and Parsons, counsel to the committee, on the Receiver
of the Central, demanding payment of the arrears of interest
and a rectification of the error in the wording of the bonds,
were read to the
meeting, and an adjournment was then taken
subject to the call of the chair.
Chicago Burlington & Quincy.—The statement of earnings
October, and for the year to October 31, com¬
pared with corresponding time last year i3 as follows:
for the month of
For the month—
Gross earn's.
Ending October 31,1881
Ending October 31,1830
....$2,031,001
...
Increase
Decrease
For ten months—
From Jan. 1 to Oct.
From Jan. 1 to Oct.
Increase
Decrease
Cincinnati
1,934,762
96,238
31, 1881. .$17,454,832
31, 1880. 17,064,616
390,215
Selma
.
&
Mobile.—A
Selma, Ala., Dec. 13, reports:
Net
ear.n's.
Expenses.
$898,277
780,560
117,716
$1,132,723
1,154,201
$8,790,181
$8,664,651
7,823,287
966,893
press
21,477
9,241,329
576,678
dispatch from,
“An important meeting oi
December
17, 1881.]
city yesterday.
of the Cincin¬
Mr. Frederick
Wolffe and other gentlemen incorporated the Cincinnati Selma
& Mobile Company, and elected Mr. Frederick Wolffe Presi¬
dent; Theodore Cooke, Vice-President; Maximilian Culm,
Secretary and Treasurer; and Gi-eorge F. Doughty, Assistant
Treasurer. Messrs. Frederick Wolffe of Montgomery, Ala.;
Theodore Cooke, Edgar M. Johnson, George F. Doughty, Louis
Krohn, and Thomas T. Gaff, of Cincinnati; Samuel A. Carlton,
of Boston, Mass.; C. M. Shelley, of Selma, Ala.; and Thomas
-R Roulhac, of Greensboro, are the directors. The company
wjll work the Cincinnati Southern to Chattanooga, the Alabama
Great Southern from Chattanooga to Eutaw Springs, and
thence the old Selma & Greensboro to this point. Connection
railroad men was held in this
It was the occasion of the incorporation
nati Selma & Mobile
Railroad Company.
Drominent
Mobile will be secured/’
Hannibal & St. Joseph.—The Supreme Court
with the
of Missouri has
application of this Company for a writ to com¬
pel State Secretary Chappell to give the company a receipt
releasing them from all indebtedness to the State, inasmuch as
they have paid $3,090,000 into the State Treasury. The State
denied the
this money was received on account. The railroad
claims it covers their entire indebtedness to the State,
and they ought to receive a receipt in full for it.
Long Island.—On Dec. 10 a consolidated first mortgage for
holds that
company
*
its
$5,000,000 was filed in Queens County covering the road,
and franchises, including the branch and leased lines,
Hempstead. Locust Valley, Northport, Port Jefferson, Sag Har¬
bor, Valley Stream & Far Rockaway, Brooklyn Rapid Transit,
Smithtown, Flushing & North Shore and Montauk roads. This
effects
prior mortgages when they
Trust Company of New
payable in gold in 1931, and
payable quarterly. The
mortgage will cover all franchises that may hereafter come
into possession of the Long Island Railroad.
Louisville New Albany & Chicago.—The Louisville
Courier-Journal reports the present mileage of this road as
388, which doe3 not include the Indianapolis & Chicago Division,
the earnings of that division are not included in the reports.
The business of the company has been large this fall, and the
rolling stock has been inadequate. The returns for September
and October are accurate ; those for November are estimated,
but are under rather than above what they will be when all
in. The expenditures for the maintenance of the roadway
have been larger than will be necessary this month and next.
mortgage,
which is to take up all
mature, is executed to the Central
York as trustee. The principal is
the rate of interest is 5 per cent,
as
are
EARNINGS.
Months.
September
October
November
1881.
$98,255
99,570
90,865
Total
1880.
Gain.
$73,983
78,499
66,220
$24,271
$218,704
$69,986
21,071
24,644
EXPENSES.
Months.
September
October
November
Total
687
THE CHRONICLE.
1881.
1880.
Gain.
$53,443
$10,254
65,608
60,000
51,746
45,775
13,862
14,225
$189,311
$99,379
$150,969
$67,734
$38,341
$63,702
$31,644
other
agreed upon. It is expected that traffic or
arrange¬
will be entered into between the Southwest System of Railroads
aud the Mexican Oriental Company highly advantageous to the
latter, and of a nature to enhance aud maintain
securities. The distance from Laredo to the City of Mexico by this line
is about seven hundred miles, and it is expected that it will
com¬
pleted in two years. As this trunk line into
as a
be hereafter
ments
the value of its
he
Mexico will be built
result
companies
part of the Southwest System of railroads, aud is expected to
are
greatly to] their advantage, the shareholders in those
invited to participate in its construction. This notice is sent vou, as
one of them, and is accompanied by a blank application for stock in
the Construction Company. Please fill in the amount which you desire
to subscribe, and forward it immediately to G. P. Morosini, Treasurer of
the International Railway Improvement Companjr, 80 Broadway, New
York, or to A. H. Calef, Treasurer of the Missouri Pacific Railway Com¬
York. You will be notified of
pany, 195 Broadwa}', New
allotted you. The subscription will be
road progresses, aud the
securities aud profits of the construction.
herewith, descriptive of the proposed line
the amount
called for by instalments as the
subscribers will receive from time to time the
A statement is submitted
of railroad, the country
traversed by it, aud its capabilities as disclosed by reports of surveys
and the personal knowledge of General G. M. Dodge.
It is concurred in
by General Grant, whose personal knowledge, both of the country aud
of its resources, is considerable.
I ain, respectfully,
“Jay Gould, President.’*
Fund Commissioner, on Dec. 3,
redemption, on the 31st inst., 98 State renewals
refunding 5-20 bonds, numbered 946 to 1,043, both inclusive.
New Orleans Pacific.—The last rail on the New Orleans
Pacific Railway, bet,vveen Shreveport and Cheneyville, was laid
Dec. 11. This gives an all-rail route from Shreveport to New
Orleans, by connecting with Morgan’s Line at Cheneyville.
Forty-two miles of New Orleans Pacific remain yet to be com¬
Missouri State.—The State
called in for
pleted below Cheneyville.
New York Stock
Exchange.—The Governing Committee
stocks and bonds: At¬
first mortgage
has admitted to the list the following
lanta & Charlotte Air Line Railway Company
($500,000) and income bonds ($750,000), the
1, 1897, and the latter April 1, 1900;
bonds of the Texas and Pacific Rail¬
way Company, covering fifty miles of new road ($1,250,000);
Buffalo &
Southwestern Railroad Company (leased and
operated at the present time by the Erie) $943,800 of common
and preferred stock, equally divided, and $1,500,000 of mort¬
gage bonds ; Wabash St. Louis & Pacific Railway Company,
Iowa Division mortgage bonds, $2,269,000 ; Indianapolis Divi¬
sion mortgage bonds, $2,275,000 ; Detroit Division mortgage
bonds, $2,052,000 ; Cairo Division bonds, $3,857,000, and
$2,500,000 of the general mortgage bonds of the com¬
pany ; Indianapolis Decatur & Springfield Railway Com¬
pany
preferred stock, issued under the plan of
reorganization ($2,850,000); Utah Central Railway Company,
capital stock ($4,250,000) and first mortgage bonds of
Utah Southern Extension ($1,950,000); Oregon & California
Railroad Company, $12,000,000 of preferred and $7,000,000 of
common stock ; Chicago Milwaukee & St. Paul Railway Com¬
preference bonds
former payable April
Rio Grande Division
$178,000 additional first mortgage extension bonds ;
& Ogdensburg Railroad
Watertown
Company,
Farmers’
Loan & Trust
Company transferable certifi¬
cates, $5,293,900, and bearer certificates, $5,500,000. These
certificates are issued under
a plan of reorganization,
providing for the deposit with the trust company of the first
consolidated mortgage bonds and stock. Denver & Rio Grande
Railway Company $2,000,000 additional first consolidated mortpany,
Rome
7
cent bonds. Oregon & Trans-Continental Company,
15,760,000
fage
per of fully paid stock, of the par value of $100, the
of this 288 miles is $180,000, authorized capital being $50,000,000, the last of which is called
bearing six per cent.
for payment on May 1, 1882.
Columbia & Greenville Railroad
Chicago is being pushed for¬ Company
common stock, $1,000,000 ; preferred stock, $1,000,000;
ward vigorously. This will give the company excellent terminal first mortgage 6 per cent bonds, $2,000,000 ; second mortgage
facilities in Chicago, and their depot in that city, at Sixty-sixth 6
per cent bonds, $1,000,000. The St. Louis Kansas City &
Street, will be ready for occupation Monday (19th), by which day Northern Railway Company St. Charles Bridge first mortgage
the round-house there will be completed. This will be a great bonds, stricken from the list in consequence of a notice of pay¬
advantage in every way, and must add largely to both freight ment, which was subsequently modified, were restored.
•
and passenger earnings. The company expect to run through
«ars over their lines from Louisville to Chicago by Jan. 1.
The Norfolk & Western.—Comparison of earnings, expenses and
1 to October 31.
Indianapolis & Chicago Division is 156 miles long. After this net earnings from February 1880.
1881.
Differences,
consolidation the total mileage will be 444; the bonded debt
Gross earnings
$1,516,531
$1,666,624
Inc.
$150,092
$5,300,000; the annual interest charge $318,000; the stock
Net earnings....
The interest on the bonded debt
there being a $3,000,000 mortgage
“
The road from Indianapolis to
841,516
783,585 Dec. 57,931
Net earnings
$675,015
$883,039 Inc. $208,023
Minnesota Bonds.—St. Paul, Minn., Dec. 14.—“Another
step was taken to-day in regard to the adjustment of the old Proportion of exps.tog. earns. 55 5 p. ct.
47'0 p. ct.
railroad bonds under the act of the recent Legislature. A few
The large saving in expenses for the year 1881 is due to the
days ago David A. Secombe, of Minneapolis, asked an injunc¬ very greatly improved condition of the roadway and equipment*
tion from the District Court restraining Governor Pillsbury
Northern Pacific.—The western end of the track is now
from issuing, and Selah Chamberlain, of Cleveland, from re¬
laid eight miles beyond Fort Keogh, and will get to the Little
ceiving any of the new bonds. Judge Lochren to-day filed an
elaborate decision refusing the injunction and ordering that the Rosebud by December 31, thirty-five miles west from Miles
There are now 2,000 men at work on the grade to the
suit be dismissed so far as regards Governor Pillsbury. The City.
tunnel this side of Bozeman, which will be reached by June 4,
application in regard to Mr. Chamberlain is still undecided.”
and the ties are distributed. On the west coast 225 miles of
Missouri Pacific.—The following interesting circular is
road are completed and accepted by the Government. This
issued:
route is from the junction with the Oregon Railway & NaviDear Sir : It being: deemed advisable to conclude the work of the
ation Company, near Snake River, where it empties into the
International Railway Improvement Company, with the completion of
olumbia River, to Lake Pend d’Oreille. During the calendar
its contracts in Texas, a Construction Company is about to be organized
for the purpose of building a railroad from Laredo, on the Rio Grande,
year 370 miles of track have been laid, including 225 miles on
to the City of Mexico, to be operated in connection with the railroads
the Pacific coast, 100 miles west of Glendive, ana 45 miles east
known as the “Southwest System," comprising the Missouri Pacific, Mis¬
of Glendive, besides the 15 miles from Thompson Junction
souri Kansas & Texas, St."Louis Iron Mountain & Southern, Texas &
Pacific, New Orleans Pacific, and the International & Great Northern toward Superior City.
Track-laying will probably stop at
railways. The railroad will be built under a concession from the Mexi¬ Superior City for the present. The Wisconsin Central wants to
can Government, and will be known as 4 The Mexican Oriental Interoceanic & International Railroad.’
The concession provides for the anticipate the building of an eastern outlet for the Northern
payment by the Government, as fast as successive portions of the rail¬ Pacific by constructing from a point of intersection with their
road are completed, of a subsidy which will yield to the Construction
line eastward to Montreal River. Nothing has as yet been de¬
Company about $12,000 per mile; it also provides the right to import
Biaterial for construction purposes free of all duties or taxes, foreign or cided.—Pioneer-Press.
—Mr. Villard said to a Philadelphia Press reporter in regard
domestic. In addition to which the Construction Company will receive
from the railroad company fair and full payment for the construction of
to the dividend on preferred stock:
its
Total expenses
$5,000,000.”
“
railroad to he made in the securities
of the railroad company, as may
688
THE
CHRONICLE.
[vol. xxxin
a*
**
I will tell you all about that.
At the board meeting last
before my accession to the presidency, an accounting was or¬
dered to ascertain definitely what credit the preferred stock¬
holders were entitled to in the way of earnings in the past
which had been spent in the construction of branches, &c.
A
report was accordingly made by the principal accounting office
of the company and presented at the meeting of the directors
in November. *Iu order to test the accuracy of the computation,
the account was referred to another officer of the company for
examination. It is expected that the exact figures will be re¬
jglxe Commercial jinxes.
COMMERCIAL
EPITOME.
Friday Nigiit, December 16, 1881.
The state of trade is without important variation
it
except that
partakes
more
and
weather has been first
of
more
warm
a
and
holiday character. The
now
wintry, and between
ported to the board at the meeting in January, when definite these extremes stormy. Speculative confidence in the future
of
action will probably be taken. Whatever is done will be made
values for
Western
farm
products has been somewhat
known to the preferred stockholders by special circular. No doubt
weakened, although exports have been increased through a
the preferred stock is fairly entitled to what the figures, yet to
be definitely fixed upon, will show, and that the amount will better supply of freight room by the arrival of overdue
steam¬
be distributed sooner or later. Tile accounting has been made
ships. The money market has shown less uniform stringency.
only to June 30 of this year, and we don’t know what earnings
Rio coffee has been in moderate demand at the quotations
have been made since applicable to this dist ribution. As far as
of
a
week
made, the account shows an amount to pay an 8 per cent divi¬
ago—10^c for fair cargoes; mild grades have sold fairly
dend.”
at generally steady prices. Tea sold yesterday at
steady prices
“Will the Northern Pacific use the Oregon Railway & at the
auction; to-day at a sale of 9,000 packages prices were 1
Navigation Company’s line after striking the head-waters of
@2e. lower, however. Rice has been moderately active and
the Columbia River ?”
It will use for the present the Oregon Railway & Naviga¬ steady. Foreign dried fruits have been quiet at some decline.
tion Company’s line from the confluence of the Snake and Col¬ Spices have remained dull. Molasses has been dull and
nominal
ombia rivers, and along the south of the latter for a distance
for foreign, but a fair business has been done in new
crop New
of about 200 miles. The Northern Pacific propose building a
line of its own on the northern bank of the Columbia, which it Orleans, and as high as 64c. for fancy lia3 occasionally been
obtained, though 64c. has generally been the extreme. Raw
will, of course, use when it is completed.”
Philadelphia & Reading.—A bill in equity was filed in sugar, after falling to 7%c. for fair refining, has latterly
Philadelphia, Dec. II, by McCalmont Brothers & Co. against the re-acted to 7%c., and the tone generally shows some improve¬
Philadelphia & Reading Railroad Company, William L. Mactier ment, consequent on a larger trade in refined and a
better
and John Walker, Jr., asking that a master be appointed to
inquiry from refiners; the market closed steady.
preside over the next annual meeting of the company.
Hluls.
Boxes.
Bags.
Mel ado.
Richmond & Petersburg,—The earnings for the year were Receipts sineo December 1
4,122
118,574
20
“
as
follows:
Passengers and mail
Freight, etc
Total
Expenses
-
1880-81.
1879-80.
$89,7<»2
90,203
$82,524
81,673
$185,905
99,978
$104,198
$85,920
$79,099
85,099
Net earnings
Dividends of 6 per cent were
paid
Salina & Northwestern.—A
dispatch to the Globe-Democrat
the stock of $1,009,300.
on
from Topeka, Kan., December 8, an id
western Railroad, the charter of which
“ The Salina & North¬
filed yesterday, is
Union Pacific and the Missouri
designed
:
was
as a feeder to the
Pacific. The company organized with a capital stock of $5,000,000. The main line runs from Salina, by way of Lincoln Center,
through the counties of Saline, Lincoln, Russell, Ellis, Graham,
Sheridan, Thomas and Sherman, to the west line of the State
at
point on the west of Sherman County. The company also
intend to build a branch line from Lincoln Center to the west
line of Cheyenne County, by way of Delphi, Osborne County,
a
passing through the counties of Lincoln, Osborne, Rooks, Nor¬
ton, Decatur, Rawlins and Cheyenne. The estimated length of
the main line is 300 miles, and that of the branch 275 miles.
The directors of the road are Sidney Dillon and Jay Gould, of
New York; S. H. H. Clark, of Omaha; S. T. Smith, of Kansas
City; J. P. Usher, of Lawrence; O. L. Williams and H. P. Dillon,
Topeka.”
Western Union Telegraph.—The directors met and de¬
clared the quarterly dividend of 1 % per cent, payable
January
16 to stockholders of record on Dec. 20.
The following is the
report for the quarter ending December 31, 1881 :
In the report presented by the executive committee at the
last quarterly meeting of the board, held September 14, 1881,
the net revenues for the quarter ending September 30 (August
being partially and September wholly estimated) were stated
of
at
$1,949,894 61.
The official returns for the quarter (ended September 30)
showed the net revenues to be $2,104,635, or $154,741 more than
the estimate.
The following revised statement, based upon
complete
returns, will show the condition of the company at the close of
the quarter ended September 30, 1881 :
Surplus July 1, 1881,
as per
last quarterly report
$127,258
2,101,035
Net revenues, quarter ended Sept. 30,1881
$2,231,894
From which deducting regular appropr ations
.$1,642,134
I*ee portion of sinking fund for the bonds of
1900 (which was set aside previously), re¬
turned to the company by the Union Trust Co.,
Trustees, because of the drawn bonds not hav¬
.
ing been presented for redemption
40,000- 1,602,134
Leaves a surplus Oct. 1,1881, of
The net revenues for the quarter ending Dec. 3J, instant,
based upon official returns for October, nearly complete
returns for November, and estimating the business for
December, will be about
Add surplus, October 1, as above...!
$2,010,527
629,759
$2,640,287
From which appropriating for—
Interest on bonded debt
'
$107,000
Construction and purchase of telegraph stocks
and properties
300,000
Binking funds
$029,759
20,000—
427,000
Leaves a balance of
It requires for the payment of a dividend of 1 ^ per cent
on the capital stock
$2,213,287
Deducting which, leaves
a
surplus after paying divid. of.
1,200,000
•
$1,013,287
exiles since December 1
Stock December 14, 1881....
Stock December 15, 1880
Refined,
11,505
39,840
28,577
stated, has sold
169,192
7,714
7,899
453.424
71
1,090,210
2,813
freely of late, and prices have
firmness; crushed closed at 954@9%c., powdered
at 9%c., granulated at 9@9%c. and standard soft white “A” at
8%c.
Kentucky tobacco has been very quiet, and sales for the week
are only 126 hhds., of which 42 for
consumption and 86 for
export. Prices are firm; lugs, G@7c., and leaf, 7M@15c. The
demand for seed leaf has continued moderate, and sales for the
week aggregate 1,250 cases, all from the crop of 1880, as fol¬
lows: 300 "cases Pennsylvania fillers, 6@7c.; do. wrappers,
16/£@35c., and do. assorted, 12>i@18c.; 120 cases New England
wrappers, 16@38c.; 650cases Ohio fillers, 3%@4c.; do. wrappers,
10@14c, and do. assorted, C@9^c,and 180 cases Wisconsin,
as
more
shown greater
3@12c; also 350 bales Havana, 87c.@$l 20.
The
speculation in lard the past week lias been fitful and
e, and the regular trade fair, but not sufficient to pre¬
vent a downward tendency to values; and other “hog products”
have been dull. The pork-packing for the first six weeks of
the current season is set down as showing a decrease of 650,000
swine, or about 20 per cent from last season. The average
weight is about the same as last season. The exports, how¬
ever, show a reduction of about 40 per cent.
To-day the
market was dull and depressed. Pork was nominal; new mess
offered at $18 50 for Feb., without bids. Bacon was quoted at
9Me. for long clear. Cut meats were wholly unsettled. Lard
closed dull; prime Western $11 20 per 100 lbs. on the spot,
$11 32^@11 35 for January, $11 47%@11 50 for February, and
$11 60 for March; total stock, 74,111 tcs.—a large increase.
Tallow firm at 7%@7 7-16c. Beef and beef hams dull. Butter
and cheese have ruled firm, but rather quiet. Exports from
Nov;. 1 to Dec. 1 were as follows:
variabl
1881.
Pork
.lbe.
Bacon
lbs.
Lard
lbe.
6,608,800
40,082,809
27,352,054
1880.
Increase.
7,599,400
89,530,611
48,313,570
Decrease.
930,600
43,447,712
20,960,922
Total..!
lbs. 80,104,353
145,443,587
65,339,234
rosin
Strained
has been qniet at a decline to $2 20@$2 25. but
closed firm again at $2 20@$2 25. Spirits turpentine has been
quiet but firm latterly at 54^4c. ,Pig iron has been very firm,
but rather quiet. Rails have been qniet but firm; American
manufacturers are not disposed to advance prices for fear of
attracting supplies from England, where there is said to be a
burdensome stock; but they are, nevertheless, quite firm at
the present quotations. Ingot copper' has been firm at 19^e.
Tin and tin plates have sold freely at higher prices. Spelter
has been in good demand and firm. Hops have been quiet and
though the higher grades are generally held at firm prices,
owing to favorable news from England, the lower grades are
somewhat weak and irregular. Wool has been qniet but; about
steady. Hides have been quiet but firm. Leather has been
active and firm. Grass seeds have been quiet at some decline.
Refined petroleum has been dull at 734<?.;: certificates.[ have
been active and close at 82%@82%c.
.
Ocean freights enjoyed a season of comparative
activity for
several days following the arrival of overdue steamers ana sail
vessels detained
byjtne recent stress of weather, but at the
close the market is! very
dull.
To Liverpool, by steam, grain,
cotton, 5-9@®9»32d.; flour, Is. 3d. per
barrel; heavy
goods,12s. 6d.@17s. fid. per ton. Grain to London, by steam,
6@6%d.j petroleum, by sail, 3s. 3d. Grain to Cork, for orders,
4s.@4s, 3d.; petroleum to the Continent, 3s. 6d , and to Bath, 4&
COTTON.
Friday,. P. M., December 16, 1881.
The
Crop, as indicated by our telegrams
Movement *of the
689
CHRONICLE,
THE
17,1881.]
December
In addition to above exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
us
for our special use by Messrs. Carey, Yale &
prepared
60 Beaver Street.
are
South to-night, is given below. For the week ending Lambert,
this evening (Dec. 16), the total receipts have reached 236,576
toiles against 233.341 bales last week, 216,170 bales the previous
the
from
week’and 221,876 bales three weeks since; making the tota
receipts since the 1st of September, 1881, 2,739,603 bales, against
0019 684 bales for the same period of 1S80, showing a decrease
since September 1,1881, of . 280,081 bales.
*_
Receipts at—
Galveston
Indianola, Ac.
New
Mobile....*
5,896
.
Savannah
Brunsw’k, Ac.
6,276
Charleston.....
Pt. Royal, Ac.
3,689
Wilmington....
1,689
Moreh’d C.,Ac
Norfolk
4,838
New
5,963
439
8,007 11,719 18,343
2,177
2,681
2,012
1,411
5,665
5,666
C,217
76,918
16,087
1,960
....
....
5,575
....
366
886
651
584
5,153
1,004
4,510
1,421
6,917
1,001
28,719
1,421
9,290
12,810
520
788
2,356
770
1,835
1,814
87
....
....
423
1,481
3,577
....
420
163
205
*
....
....
1,725
1,704
3,454
336
200
20,816
366
....
....
200
....
....
1,332
1,907
2,316
35,523
....
4,189
4,454
1,111
3,211
....
3,850
3,315
....
1,147
....
439
....
....
2,974
....
1,190
1,657
Philadelp’a, &o.
_____
....
....
Boston
Baltimore
.
3,777
....
York
.
5,736
....
City Point, Ac.
.
20,665
3,300
....
6,279
1,720
Orleans... 15.059 17,512
1,601
2,898
....
....
....
Total.
Thurs.
3,939
2,601
5,069
2,858
Fri.
Wed.
Tues.
Mon.
Sat.
On
We w Orleans
Mobil©
Charleston
Savannah....
Galveston
New York
Other ports
Shipboard, not cleared—for
Leaving
Dec. 1C, at—
Great
Britain.
....
Total
France.
14,960
5,968
6,650
3,100
14,701
4,000
Coast¬
wise.
Other
Foreign
Slock.
Total.
2,861
9,559
1,353
6,000
None.
1,500
900
8,638
5,350
2,988
9,805
2,000
l,8i 0
4,600
8.917
28,736
13,968
23(5,769
40,950
98,735
18.598
13,950
36,411
95,463
71,544
300
5,900
200
None.
None.
3,000
2,800
*5,700
11,700
203.815
153,429
55,279
14,452
36,652
21,470
129,053
950,705
*
Included in this amount there are 1,200 bales at presses
ports, the destination of which wo cannot learn.
delivery
The market for cotton for future
was
for foreign
somewhat
Saturday last by the comparatively free movement
of the crop and quiet reports from Liverpool. But on Monday
the reports from the Southern Cotton Exchanges, which had
been public on that day and Saturday, brought on buying
depressed
on
orders from the South and West,
Stock
and from operators
on
the
Exchange, and these caused a demand to cover contracts,
which there was some advance. The market was dull and
on Tuesday and throughout the most of Wednesday, but
For comparison, we give the following table showing the week’s
total receipts, the total since Sept. 1,1881, and the stocks to-night on Wednesday evening a violent storm in the Mississippi Valley,
and the same items for the corresponding periods of last year.
which threatened to end picking for the season in that section,
32,913 36,960 46,325 236,576
Totals this week 39,377 50,059 30,942
upon
weak
1881.
Receipts to
December 16.
This
Since Sep.
This
Since Sep.
Week.
1,1881.
Week.
1,1880.
76,918
Mobile
16,087
Florida
1,411
35,523
439
Royal, Ac.
Wilmington
M’head City, Ac
Norfolk
City Point, Ac.
New York
Boston
20,816
366
6,917
1,004
28,719
1,421
9,280
12,310
21.066
1,791
30,252
181
23,310
2,0G0
5,053
642
31,365
33,247
8,726
39,616
3,797
96,840
5,118
423
16,023
3,577
27,383
1,797
1,889
Baltimore
Philadelphia, Ac.
74,204
492,144
5,866
351,329
13,917
92,504
10,374
363,538
200
Port
514
16,361
125,940
40,345 209,515 132,887
49,325
2,388
4,600
14,570 47,239 36,168
9,261
20,742 21,265
*
236,576 2,739,603 238,490 3,019,694
Total
1880.
1881.
326,260 107,955 95,095
8,916
681.569 315,505 269,464
208,479 54,918 46,435
99
13,445
2,586
557,110 109,413 135,183
3,553
412,800 117,323 104,464
225
8,749
31,819
87,082 21,745 19,458
14,827
422,872 69,953 59,565
26,525
271,680
9,915
728,238
168,623
20,665
Galveston
Indianola, Ac..
New Orleans
Savannah
Brunswick, Ac.
Charleston
Stock.
1880.
•
together with some falling off in the interior movement, caused
a slight advance.
Yesterday the market was sluggish till after
the Bureau report appeared, when an advance began which
continued to near the close of to-day’s business, though without
activity. Cotton on the spot has been dull; and under
accumulating stocks prices declined l-16e. on Wednesday,
much
To-day there was an advance of %c.9
at 12c.
The total sales for forward
bales.
TTTim
Kai a m*
1
Receipts at—
a
Galvest’n.Ac.
Mobile
20,187
21,973
30,330
59,967
17,773
28,389
22,634
73,392
7,921
5,895
30,140
27,701
40,091
4,763
38,638
71,535
24,264
25,694
20,376
3,862
14,573
26.507
35.523
Charl’st’n, Ac
Wilm’gt’n, Ac
Norfolk, Ac..
21,182
Tot. this w’k.
236,576
239,490
25,493
36,164
19,017
27,245
24,861
6,385
25,658
31,242
23,810
7,822
26,037
13,253
24,812
11,866
10,990
171,596
Since Sept. 1. 2739.603 3019,684 2804.948 2376,155 2109,281 2399.430
iiuuuues
ukiuiqoiu>;
iruturieatou
mciuues jruru rwya»if
Wllmligton Includes Morehead City, &c.; Norfolk includes City Point. Ac
The exports for the week
ending this evening reach a total
of 132,904 bales, of which 84,786 were to Great Britain, 26,737 to
France and 21,381 to rest of the Continent* while the stocks as
up this evening are now 1,079,758 bales. Below are the
Week Ending Dec. 16.
from—
Galveston
Exported to—
Great
Conti-
Total
BrtCn. France
nent.
Week.
6 894
New Orleans..
875
33,387 33,433
6,945
7.7G7
61,665
Mobile
Florida
Britain. France
6,490
0\Oi3
224,183 109,123
7,070
8,900
68,911 12,505
’81,2c 2 14,331
27.778
1,430
137,828
110.553 14,05'
37,779
•
•
.
Total.
nent.
27,796
99,414
•
J
2,901
7,2011
Wilmington...
4.439
Norfolk
New York
Boston
18,793
6,118
10,312
9,809
2,000
5.492
1,063
2.0*8 20,896
8,781
1,350
1,991
7,441
Sat.
Ordin’y.^tb
9%
MMi_,
......
1,304
1,994
Baltimore
Fhiladeip’a.dtc
3,158
••••*•
.
.
.
.
3,158
......
......
25,680
16,181
...
f.
.
189,903
58,915
5,682
13,930
151,388
25,293
1
14.981
60
34,890
151,758
149,898
37,783
40,661
10,231
804,058 137,930
354,439 1,316,437
93,854 20,407 39.815 165.070) '.,097.406 237.719
39° 030 1.715 815
81,780 26,737 21,331 132,904
Moil Tues
Mon Tues
Sat.
Mon. Taeii
Sat.
9016
9°16
99; 6
9°16
9916
9%
9%
TEXAS.
NEW ORLEANS.
UPLANDS.
Dec. 10 to
Dec. 10
9^16
10i8
10i8
10%
1010
10%
Strict Ord..
01316 913i6 913x6 1O>0
105a
1050
101°X6 101516 101%e 101516 101&16 IO&16
Good Ord.. 10%
1130
1130
1130
11%
11%
Str. G’d Ord H116 llhfi Hl16 11%
11%
11*2
lll3lfl 111316 111*!* ni3le 111316 ll^jfi
Low Midd’g Ills
11%
11%
12116 121x6 121x6 12118 121,6 121i6
8tr.L’w Mid 11%
Middling... 111510 U1516 1H516 12%
123i0
12916
Midd’g Fair 13i16 131x6
Fair
13i31ft 13l3j«
Good Mid.. 12&1C
Str. G’d Mid 129ie
Wed
~9he~
Ordin’y.$I>
Good Ord..
8tr. G’d Ord
Low Midd’g
Str.L’wMid
Middling...
Good Mid..
Str. G’d Mid
Midd’g Fairi 13
1 133x
Fair'.
9316
125x6 12%
129i6 12 %
131X6 13%
13l3lft 14%
12%
12%
12%
127s
12%
13%
14%
13%
14%
1214
1250
127g
1330
14^0
12%
Fri.
Wed
Til.
Fri.
Wed
*5° 18
9%
9%
9^8
9*2
9%
113
13%
9%
13%
1370
14i,« 14%« 143,*
$ lb.
813,6
913x0
£13x0
913x6
10%
11%
10%
11%
Middling
Middling
13jie
14ll6
813x0 8%
913i0 9%
10%
1°716
11%
1171«
12M
12%
127@
1330
14^0
1330
14i0
Tti.
Fri.
9i0
Idle 103.6
11
1O70
115i6 H716
11%
12
11%
12%
123.6 125i6
!29i6 121Ii«
1213.6 1215i6
135.6 137i6
141x6 143.6
Mon Tues Wed
Sat.
STAINED.
Good Ordinary
Strict Good Ordinary
135i6 137io
13%a
1214
125b
1270
i>%~
10%6 ldi6 10316 lOj-16
1O70
loje , 11
109i6 10916 lOllxe 10%
11
11%
115i6 11516 U716 11516
11%
1134
1170
ll71fl 11716 ll9.« 11%
12
12
1210
iiii16iin16 1U316 12
12
123l6 !23i6 123ie 12316
n70 ,n70
129ie 129,6 1211x6 129ie
1214 '12%- 12%
12%
12ia |l2%
12]316 1 2l3ig 121616 121316
9%
8trictOrd..
Th.
Fri*
8%
9%
870
9%
i0716 109ie
11716
MARKET AND SALES.
96,329
433,719
7,970
3,900
108.487
export, 1,661 for consumption,
speculation and 4,428 in transit. Of the above, 200 bales
were to arrive.
The following are the official quotations and
sales for sach day of the past week.
Low
Conti-
Great
......
Bavannah
Total
Sept. 1,1881. to Dee. 18.1881.
Exported to—
Exports
Charleston
From
total sales foot up this week
1,010 for
21,436
231,594
204,882
2J 8,907
1876.
1877.
1878.
1879.
n
n
r, t *r
am
m
27,039
74,204
21,066
30,252
25,370
21,101
76,918
16,097
Savannah....
All others....
a
1880.
1881.
New Orleans.
1.
For immediate delivery the
921,703
comparison
may be made with other years, we
1
4
delivery for the week are 652,400
7,924 bales, including 825 for
*1,079,758.
In order that
middling uplands closing
BALES OP SPOT AND
SPOT MARKET
CLOSED.
g
I
Quiet
1
Dull and easier..
Dull at i,a dec....
-J
J
Ex¬
Q’t A st’dy, % ad
1
Total
Li
1
The daily
Spec- Tran¬ Total.
sit.
port- sump.
uTt’n
315
524
237
35
234
40
200
195
316
Quiet
Dull
Con-
725
100
825
TRANSIT.
FUTURES.
Sales.
Deliv¬
eries.
400
355 105,900
724 95,000
432 84,800
760 103.200
334 98,300
1,100
575 4,128
5,319 165,200
1,100
l,66l'l,010 4,429
7,924 652,400
4,600
dclivene* glveu above are
700
900
400
actually delivered the day" pre*
THE CHRONICLE
690
The Sales
Pricks
and
Futures
op
shown by the follow¬
are
ing ccmprehenaive table. In this statement will be frond the
daily market, the prices of sales for each month each day, and
he closing bids, in addition to the daily and total sales.
5*
?3|i I3e|
2
o ®
c* ® ®
ob -
®
is—
Fw Sd
:
*: S
2
®
o
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-i
.
pj
■
®
® P.
C3
£3
®
o
5- b
so
gge
B-JC ®
se®
:
S’!-®!
«£°
11_. M
<*ii
g-
S°
o
S'
o ®
a>
e*®
B'gs-S
to
fii.£
c*
n
3
JODO
cbSpS231
Q5g>§
S.&®
■cd&g 3.S-2
•
a
9
e
m
£C ei--
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:
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crc
®
®
®
®
'
[Vol. XXXIII,
The Visible Supply
Cotton,
op
telegraph, is as follows. The Continental stocks are the figure®
of last Saturday, but the totals for Great Britain and the afloat
for the Continent
are
this week’s returns, and
consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Dec. 16), we add the item of exports
from the United States, including in it the exports of Friday only
1881.
1930.
1879.
487,000
426,000
366,000
37,000
38,700
42,664
524,000
120,000
3,500
16,200
13,000
48,400
464,700
97,000
6,800
408,664
47,560
1.213
”7,750
1,500
S3,300
6,356
8,000
1,800
2,500
10,160
13,500
1,360
5,750
680
2,300
20,000
9,900
5,000
25,250
6,750
Stock at other conti’ntal ports.
2,090
9,400
5,950
1,358
3,250
5.500
Total continental ports....
222,270
131,131
83,307
136,250
Total European stocks..
746,270
92,000
441,000
645,831
491,971
79,719
522,250
59,000
626,000
45,000
920,593
Stock in U. S. interior ports...
294,224
675,985
47,626
809,498
343,503
18,000
658,000
52,000
Egypt,Brazil,Ac.,aflt for E’r’pe
Stook in United States porta ..1 ,079,753
H8*
III
m
hales.
Stookat Liverpool
Stock at Loudon
Total Great Britain stock
a
! 9
•
I
3
a
.
8took at Havre
Stock at Marseilles
*ag
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Transferable Orders—Saturday, 11*90;
Monday, 11*95;
11*95; Wednesday, 12; Thursday, 12; Friday, 12*15.
41
exch. 2,000 Jan. for Mar.
exch. 1,200 Jan. for Mar.
exch. 300 Jan. for May.
exch. 500 Mar. for May.
exch. 2,000 Jan. for Feb.
exch. 1,800 Jan. for Mar.
•19
*16
*22
•22
•14
pd.
pd.
pd.
pd.
116,000
42,664
77,131
49,307
51,000
45,000
79,719
47.626
59.000
316,831
335,316
296.25*
13,000
.
69iad.
6l3lfed.
Shed.
6i31(Jd.
imports into Continental ports this week have been
figures indicate an increase in the cotton in sigh*
to-night of 221,218 bales as compared with the same date of 1880>
an increase of 361,564 bales
as compared with ] the corres¬
ponding date of 1879 and an increase of 516,5S0 bales as com¬
pared with 1878.
The above
receipt*
shipments for the week, and stocks to-night, and for the
corresponding week of 1880—is set out in detail in the following
At the Interior Ports the movement—that is the
and
Week
ending Dec. 16. ’81.
to exoh.
to exch.
to exch.
to exch.
pd. to exch.
Receipts. Shipm’ts
Augusta, Ga
8,406
4,927
Columbus, Ga...
Macon, Ga
4,319
870
2,394
3,365
4,366
19,941
1,327
3,219
Selma, Ala
Memphis, Tenn..
Nashville, Tenn.
929
1.467
Shreveport, La..
Vicksburg, Miss.
Columbus, Miss..
Eufaula, ‘Ala....
3,977
7,589
1;328
..
Cincinnati, O....
Tuesday,
3,680
Dallas, Texas.
Jetterson, Tex.-.
St. Louis, Mo
Stock.
2,154
1,732
4,334
4.208
2,031
22,945
19,325
Total, old ports.. 113,990
3,813
11,357
2,882
1,483
1,367
1,729
6,77o
941
2,403
1,876
3,154
33*390
27,383
9,807
12,492
12,696
95,214
17,164
5,916
3,098
14,792
14,365
11,127
3,229
4,796
ending Dec. 17, ’80.
5,582
2,057
5,742
5.522
24,802
3,262
,•
6,004
1,200
1,393
5,402
4,013
78,896
8,623
1,403
18,394
12,998
91,699 397,538
121,422
Louisville, Kv...
Little Rock, Ark.
Brenham, Tex...
14,142
5,597
3,414
8.081
7,184
6,079
3,560
2,600
17,659
17,157
1,040
34,678
1,453
16,547
8,961
•
15,994
92,474 294,224
285
425
473
744
522
496
2,064
1,596
1,812
1,364
3,500
2,113
5,469
8,715
2,425
3,200
593
674
63*
1,335
996
3,105
1.754
1,509
1,532
29,085
993
5,239
1,384
3,027
24.497
27,958
37,246
32,365
42,603
832
200 Mar. for Apr.
3,500 Jan. for Feb.
1,000 Jan. for Feb.
Houston, Tex....
24,398
21,183
2,602
25,250
Total,
32,565
29,919
47,998
500 Dec. for Jam
Total, all
new ports
9,722
81,295
508
2.326
'
Newberry, S C..
Raleigh, N. C....
Petersburg, Va..
13,732
3,407
5,784
2,445
3,116
17,318
700-’
1,269
3,091
4,673
16,922
1,851
1,385
3,621
12,922
20,84$
23,397
8,045
6,202
3,446
3,527
2,4*21
4,829
5,400
1,931
906
100 Dec. for Jan.
6,269
5,866
6,113
18,927
Stock.
Receipts. Shipm’ts
30,928
1,204
1,602
1,125
following exchangee have been made during the week:
to
to
to
to
to
pd. t«
Prioe Mid. Upl., Liverpool...
The
418.270
131,000
53.0C*
40,250
33,700
.2,827,866 J2,606,648 2,466,302 i2,311,28ft
supply
Gridiu, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C..
Short Notices for December—Saturday, 11 *S7® 11*85; Monday, 11*80
-®11*84 ; Wednesday, 11*86.
pd.
*42 pd.
•70 pd.
•29 pd.
•22 pd.
Total visible
Montgom’ry,Ala.
511,200; also sales for November, 1882, 500.
A Includes for November, 1882, 900 at 11-53® 11*59.
B Includes for November, 1882, 100 at 11*55.
C Includes for November, 1882, 100 at 11*57.
D Includes for November, 1882, 100 at 11*53.
-E Includes for November, 1882, 1,500 at 11*59®11*60.
F Includes for November 1882, 500 at 11*64®11*69.
•41
t-
*
♦Inclmles sales m September, 1881, for September, 314,000; Septeraber-October for October. 416.400; September-Xovember for November,
The
.
105,000
..2,409,596 2,289,817 2,130,986 !2,015,038
Week
t
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M
.
A
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,
I
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1 9:
Total East India, Ac
113,000
37,000
124,270
92,000
52,000
o*
©00
d 1 :
.
Total Amerioan
09
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.
statement:
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Egypt, Brazil, Ac., afloat
Qq
July.
M
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East Indian,Brazil, die.—
Liverpool stock
6
s
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24,000
202,000
96,000
658,000
761,079
280,957
17,009
.2,409,596 2,289,8^7 2,130,986 2,015,03ft
Total American
.
o
d |
HMq
.
250,000
34,000
675,985
809,498
343,503
18,000
38,100 bales.
M
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920,593
294,224
.
I
104,000
626,000
397,538
19,300
India afloat for Europe.'
§
&
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United States exports to-day.
321,000
.1,079,758
.
Continental stocks
§
MM
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United States interior stocks.
.
s
Qq
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Europe...
London stock
a5
374,000
98,000
441,000
.
.
United States stock
Qq
MM
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13,000
761,070
280,957
17,000
pS
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51,000
Of the above, the totals of American and other descriptions are as follows
©cc©
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386,000
2 ,827,866 2,606,643 2,466,302 2,311,286,
Total visible supply
&
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397,538
19,300
United States exports to-day..
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Amer’n cotton afloat for Eur’pe
Liverpool stock.
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India cotton afloat for
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333,000
53,000
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made up by cable and
as
151,555 121,618 445,536
[158,668 124,839 336,832
December
THE, CHRONICLE.
17, 5881.
691
Macon, Georgia.—It has rained on three days during the
totals show that the old interior stocks have in¬
past
creased daring the week 27,291 bales, and are to-night 103,314 aboutweek. Crop accounts are less favorable. It is claimed that
three-quarters of the crop has been marketed. Average
Sales more than at the same period last year. The receipts at thermometer
54, highest 70 and lowest 36.
ike same towns have been 2,432 bales less than the same week
Columbus, Georgia.—We have had rain on two days of the
last year.
past week. The thermometer has averaged 60, ranging from 48
The ab >ve
Receipts from the Plantations.—The following table is
spared for the purpose' of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
another, at the expense
than
of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts of
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports.
RECEIPTS FROM PLANTATIONS.
Week
endinQ—
7
“
14
“
21
“
23
“
1880.
1881.
Stock at Interior Ports Rec’pts from Plant’ns.
1879.
52.207
08,913
181.714 210,367 185,056 81,227
214,461 230.341 184,531 95,994
245,613 254,830 203,241 115,735
225.087 *251,769 210,685 133,905
4
Nor.
1879.
162.303 172.221 132,090
169,408 199,094 170.810
■Sept.30
Oct.
Receipts at the Ports.
220,216 215,842 224,420 187,120
218,409 250.618 224,837 218,998
11
‘
IS
“
25....:. 249,152 205,192 221,870 264,183
Dec.
2
“
9
216.167 218,341 210,170 287,109
234,870 243,137 233,344 317,408
16
218,907 238,490 230,576 343,503
“
....
1880.
1881.
1879.
105,334 173,736
132,973 180,114
109,159 194,028
190,095 229.227
218.150 205.355
204.759 254,938 243,257
227,135 285,408 273,437
242,320 300,758 250,280
247,911 325,909 294,337
248,805 350,364 239,093
205,276 370,247 205,235
294 224 397.538 214,942
78,735
103,080
121,895
152,705
179,070
1831.
1880.
189,94’; 150,839
223,44 198,449
229,176 221,242
207.211 211,407
281,741
270,851
238,218
271,809
210,777
219,295
259,548
207,438
and the rainfall reached two inches and forty-four hun¬
dredths.
Savannah, Georgia.—We have had rain on three days of the
past week, and the balance of the week has been pleasant. The
rainfall reached thirty-four hundredths of an inch. The ther¬
mometer has averaged 56, the highest being 76 and the lowest 33.
Augusta, Georgia.—It rained lightly on three days the early
part of the past week, but the latter portion has been clear and
pleasant. The rainfall reached thirty-nine hundredths of an
inch. The crop is nearly all in, and the prevailing estimate here
is that it will be about twenty per cent less than last season.
thermometer has ranged from 39 to 74, averaging 53.
The
Atlanta, Georgia.—We have had rain on two days of the
past week, the rainfall reaching two inches and nine hundredths.
The thermometer has ranged from 32 to 65, averaging 49.
Charleston, South Carolina.—It has rained on two days of
the past week, the rainfall reaching one inch and thirty-one
hundredths. Average thermometer 55, highest 74 and lowest 41.
The following statement we have also received by telegraph,
225,290
253,473
showing the height of the rivers at the points named at 3 o’clook
254,890
Dee. 1 5, '81. Dec. 16, '80.
Feet. Inch.
Feet. Inch.
246,187
241,021
240,031
December 15, 1881, and December 16, 1880.
New Orleans
203,837
1. That the total receipts from the plantations since Sept.
1881 were 3,101,60(1 bales; in 1880 were 3,292,965 bales; in
..
.Below high-water mark ..
Above low-water mark...
.Above low-water, mark...
Above low-water mark...
Above low-water mark...
...
253.227
The above statement shows—
..
...
Vicksburg....
...
6
14
3
10
28
3
9
10
8
8
8
23
8
14
29
2
1
O
10
10
reported below high-water mark of 1871 until
1 in Sept. 9, 1874, when the zero of gauge was changed to high-water
1879 mark of April 15 and 16, 1874, which is 6-10ths of a foot above
3,141,150 bales.
That, although the receipts at the out-ports the past week
were 236,576 bales, the actual movement from plantations was
•263,867 bales, the balance going to increase the stocks at
were
2.
New Orleans
1871,
or
16 feet above low-water
mark at that point.
New Orleans Cotton Exchange.—At
the recent annual meet¬
ing of the New Orleans Cotton Exchange, the officers were able
to make an extremely favorable showing in every particular.
First— As to the income of the Exchange proper, the receipts
were 244,942 bales.
the past year were nearly four times as large as ever before,
"Weather Reports by Telegraph. —The weather has con¬ being 210 thousand dollars in 1880-81, against 55 thousand dol¬
tinued favorable during the past week throughout the greater
lars in 1879-80; other receipts for special purposes brought the
portion of the South. There has been rain in most sections, but total
up to nearly 285 thousand dollars, against 126 thousand
with few exceptions the rainfall has been small.
Galveston, Texas.—It has been showery on one day during a year ago.
the past week, the rainfall reaching forty-two hundredths of an
Second—In membership the new additions for the year end¬
inch. Picking is about finished everywhere. The thermometer
ing October 31st, 1881, were 207, of which 164 were full mem¬
has ranged from 42 to 75, averaging 62.
24 visiting memberships, and 19 for the admission of
berships,
Indianola, Texas.—We have had showers on three days of
the past week. About all of the crop has now been secured. Aver¬ paid attorneys of members. The roll of the Exchange now
age thermometer 70, highest 78 and lowest 42.
The rainfall numbers 415 full members, 74 visiting members and 21 powers
reached thirty-three hundredths of an inch.
of attorney. This shows a gain during the year of 125 full
Balias, Texas.—It has been showery on one day of the past
week, the rainfall reaching twenty-five hundredths of an inch. members, a loss of one visiting member and of eight attorneys.
About all the crop has now been secured. The thermometer has Of course, this substantial addition to the membership indicates
ranged from 38 to 75, averaging 55.
the source of the decided growth in the income account.
Brenham, Texas.—We have had showers on one day of the
Third—The business of the Exchange has also largely
past week, the rainfall reaching twenty-five hundredth's of an
inch. About all the crop has now been secured. The ther¬ increased, as might be gathered from the facts just stated. We
mometer has averaged 55, the highest being 75 and the lowest 38.
need scarcely state that the additional activity was mainly due
New Orleans, Louisiana.—We have had rain on four days to the new
vigor shown in the business for futures. The devel¬
of the past week, the rainfall reaching two inches and forty-one
opment
this department has been very rapid, proving how
of
hundredths. The thermometer lias averaged 59.
desirable
its
inauguration was for the prosperity of the Ex¬
Shreveport. Louisiana.—Telegram not received.
Vicksburg, Mississippi.—We have had rain on two days change. It is now about two years since these sales began.
during the past week. The weather has been cool and pleasant. The first year they aggregated about 4 million bales, we believe;
Columbus, Mississippi.—It has been showery constantly on
two days of the past week, the rainfall reaching one inch and the last year the total was 12,608,200 bales; and the coming
seventeen hundredths.
The thermometer has ranged from 32 to year they are estimated, and with good reason, to reach at least
68, averaging 51.
20 million bales.
Little Rock, Arkansas.—Three days of the past week have
Fourth—The Exchange intend to be in their new building
been cloudy, with rain on two days, and the remainder of the
about
October 1, 1882, which, it is expected, will cost, when
week has been clear and pleasant.
The thermometer has
ranged from 29 to 67, averaging 47, and the rainfall reached completed, 350 thousand dollars. A new sensation in the way
one inch and
of a public work is contained in the building committee’s
forty-nine hundredths.
Nashville, Tennessee.—We have had rain on three days of report, which states that the raising of money on bonds for
the past week, the rainfall reaching eighty-five hundredths of
an inch.
The thermometer has ranged from 30 to 68, averaging the building—as was anticipated when it was begun—may be
49.
wholly unnecessary. That is to say, the .committee hope to get
Mobile, Albama.—It has been showery on one day and has all the money needed out of income. If they do so, it will be
rained severely on two days of the past week, but as* the week one of the first recorded instances of a public body finishing a
closes there is a favorable change in the weather. The rainfall
reached three inches and twenty-two hundredths.
Average job without absorbing all the funds within its reach. Evidently
thermometer 58, highest 70 and lowest 37.
they have no Brooklyn Bridge Commission down in New
Montgomery, Alabama.—We had rain on four days the Orleans to take lessons of.
All these facts put together would seem to make about as
^arly
partclear
of the
past week, but the latter portion of the week
has been
ana pleasant, with light frost last night.
The favorable a record as any Exchange could desire.
rainfall reached three inches and seventy-seven hundredths.
The thermometer has ranged from 37 to 71, averaging 55.
New York Cotton Exchange Membership.—The new mem¬
Selmaf Alabama.—It has rained on two days of the past bers, referred to last Saturday, who were to be submitted to the.
week, the rainfall reaching two inches and two hundredths.
Planters are marketing their crop freely. The thermometer has ballot, and have been elected since, are:
W. M. Johnston, of J. T. Wilson & Co., city of New York.
averaged 51.
Charles J. Lewis, New Orleans, La.
Madison, Florida.—We had rain on one day the early part
of the
past week, but not enough to do much good; the balance
James Maybrick, of Maybrick& Co., Norfolk, Ya.
of the week has been clear ana
pleasant. We have had a frost
Next Monday, December 19, three other applications will
this week, but not a killing frost. The thermometer has aver¬
voted on, leaving two candidates for election the week after.
aged 55, the highest being 70 and the lowest 40.
the interior ports.
Last year the receipts from the planta¬
tions for the same week were 267,43S bales and for 1879 they
I
to 66,
692
THE CHRONICLE.
The Cotton Crop—Aoricultual Department.—The
Norfolk
Rainfall, in..
Days of ruin.
-
Rainfall, in..
Days of raiu.
Tf 'eUlon
Rainfall, in..
Avgusta.—
Rainfall, in..
Days of ruin.
Rainfall, in..
Days of rain.
wras
not in the
we
at
Wilmington, of the
State, there
explana¬
tions, to speak for themselves, having no desire for the reputa¬
a prophet.
Bat all the crop estimates that have been
issued strike us as being so far from the truth that we must
express our entire disbelief in them. Certainly none of the
tion of
information we have received would warrant
such conclusion.
us
in
drawing any
Weather Record for November.—Below we
give the rainfall
and the thermometer record for the month
of November and
pre▼ious months of this year and last
year.
The
figures
are from
the records of the
Signal Service Bureau except at points
where they have no station, and at those
the records
kept by
our own
agents.
points they
are
from
1-10
9
l-2t.'
1881.' Taeo,
0814 5*i
15
to
1
1 48
8
6'28
120
7 1
1-00
7
140
0
1<A
1 -70
3
3-ill
no
4
3
4'27
1*59
11
919
10
2'15
2-33i 2-no
8
93
381
15
91
tf'SK)
5
11
2'95 5'30
10
15
o on
r*
n
■i’20
10
i-o;
9 03
377
3
9
3
3-07
11
5-49
10
4-89
5-10
19
7-01
1-04
8
8
3-22
321
5-98
2-97
2'77
30
5
11
3-09
4
10
9
14
0-58
12
2-45
d'fiA
11
20
2-23
2'25
4-72
2
0
4
2-90
2'G1
0'21
!
r fin
»3
u
5
IX
•
117
10
2-18
5
4-oJ
5-71 7-25
14 i
14
7
9
10
IS
j
211
12
1-54
3-40
8
0
2-30
5*30
0-74
D
8
4
5-98 4-82
17 ! 15
1
2-47' 3-83
9
8
O'13
8
2
3-90
1
5-43
10
Macon.—
Rainfall, in
Days of rain.
2-97
1*41
0
3-71
1'07
4
7
3-03
&
2*35
1-40
477
394
10
3-09
12
4-65
11
o-oi
8
7-19
3-58
2-99
9
4
4
0-30
7
0-73
10
3*00
1-75
5
5
2-12
7
5-35
5
1-72
512
3-32
2-95
4
5
&
4
4-38
6
Q
2-00
5
4-25
12
326
0
0
4-00
13
4 39 4'fifi
11
lb
14
272
10
'
10
315
!
°J
d!AQ
*
2
....
3
4
3-ai
2-2?
10
8
9
4-53
18
3-80 12-73
11
15
2-98
6
2-67
10
407
3‘04
8
2-03
1-99
17
4-09
4" 55
10
0-03
7
300
10
2-58
3'00
13
7 01
8'9G
19
4-56
18
5-21
13
2-87 10-25
17
14
3-41 609
15
17
8'70 11-80 =9-10
11
10
10
2-68 19-45
12
10
7*41
10
4-20
1-25 10-37
13
7
2-19 6'29
8
U8
3’04
11
O'OO
2-IS
317
8
9
14
4-00
11
4-49
7
2-83
10
2-72
8
2-60
12
4'5fl 4*06
12
17
4-85
11
5-OS
11
277
Da vs of rain.
4-92 15-22
19
8
7-04
19
9
7'32
12
7-36
Greene Spr'gs—
Rainfall, in..
Days uf rain.
4-70 11*71
15
13
3'23
13
387
5
4 21
7
1-73
4
2-00 11-00
2
0
545
5-00
3-SO
0
5-12
0
2'98
5
4
0
5-43 10-64
7
6
4-21
9
4-00
18
4-47
12
7-48
19
4-84
15
1-38
7-24 6*04
12
22
0-49
0
1-21
7
5-90 11-61
10
7
8-28
11
2'72
0
590
12
4-80 11-20
13
5
8'80
9
2-60
10
610 10*60
0
15
■
O
11
8
.10
8
'
,
2-82
0
1*09
0
5-94 10-23
17
10
17
LOUISIANA.
New Orleans.—
Rainfall, in..
Days of rain.
2-84
13
6-43
20
G'97 11-22
Shreveport.—
Rainfall, in..
Days of rain.
033
3
2'74
10
317 10-97
0
13
4-41
15
5
11
.
15
21
i(T
,,,,
MISSISSIPPI.
I'ayctte.—
<
Rainfall, in..
Days of rain.
*
1-30
4
3-00
10
2-20
5-10
9
1-90
5
7*50
0
0 9.3
4-63
0'25
3
11
7
522
7
4-82
0
0-02
14
4-31
7
4-51
6
6-101 em
0
12
4-89
13
253
5
507
o-ii 10-51
13
9
17
0-09
8
5'75
10
0-07 1415
12
17
7-20
1-70
4
1
Columbus.—
Rainfali.in..
377
Rainfall, in..
1*94
Days of rain.
4
0'3G
10
4 38
4
2'30
4
2'10
5
0-70
9
4-80
3
7-30
5
1*30
3
7'10
017
3'88
2-16
3-23
6
1-93
12
9
1-12
5
5-5S
10
13
5"09
13
4'27
8
2‘24
4
2-30
(3
4'95
C*75
2-10
030
3
0-43
11
3
3
7
7-45
10
3-25
9
1-95
0
4-00
370
393
12
0-80
5-09
10
0
12
1-81
12
2-22
10
6-49
9
£>->9
13
4-74
11
7'24
11
4-84 577
17
15
2-83
14
4'96
12
0-89
0
214
12
1-97
12
3-03
14
384
9
2-17
17
3 29
5'20
14
5'14 8-39
17
14
5*00
5'80
0
0*20
3-70
5
0-50
5-00
7
8
5-50
0
5-00
0
4-GO
7
4-80
10
8-10 G'40
10
0
7'00
4*81
0'20 10-13
7
1
9
0'50
3
4"55
9
5-80
8
2-82
0
4-62
4
5-14
0
0-03
4
8*33
29
4-02
2-48
14
5-98
12
1-02
14
3-61 10-20 10-83
2)
11
21
2-20
0
285 8*8 5
13
12
3'48
9
1-30
11
4\=3
6-90
10
7-45
11
6-51
17
8-21
20
5-01
3-42
2
20
6
4'18 4*18
16
10
2'75
2-30
4-03
0
5-18
1-92
4
0-58
5
7*70
10
3-43
10
0-21
8
10
4
4'09
2
5-09
7
2-75
5-03
4-06
8-41
0
10
9
2
4-25 12-44
10
11
Vicksburg.—
Brookhavni—
Rainfall, in..
Days of rain.
ARKANSAS.
•
11
■
3-82
8
Days of rain.
«...
....
6
-
7
#
f
<•<1
Little llock.—
was
season; and in a very considerable portion of the South there
has been a good
top crop, as it is called, secured.
We intended to leave these
facts, with the foregoing
1-50
9
597
Mobile.—
Rainfall, in..
at Greensboro,
plenty of rain.
Again, in Tennessee, in the same months, the rain was very short
everywhere and the temperature was high ; while at Mount
Ida, Arkansas, in August and July together, only one inch and
five hundredths fell,
although at Little Rock there was rain
enough apparently to keep cotton alive.
With such conditions
existing, had not the plant been very
well started in the spring, it must have died
absolutely at the
points of least rainfall and lost substantially all its fruit. One
can readily
understand, therefore, and fully believe, the reports
from such sections of
largely-decreased yield and of no top
crop, although we never had a better season for growing one.
Furthermore, it is also presumable from the records and con¬
firmed by outside reports that the rains of the
past summer
wrere everywhere
remarkably local in their nature, while the
temperature was high; and hence that in each State the crop
is short in spots, in some cases even
adjoining plantations
showing quite different results. On the other hand, bottom
lands have as a general rule
produced well; many instances
are reported where
has
never stopped through the
growth
same
7
0'40
5
Rainfall, inDays of rain.
(ALABAMA.
Montgomery.—
Rainfall, in..
Days of rain.
have been able to extend very
summer
i
308
11
9
9-0,3
FLORIDA.
Jacksonville.—
Rainfall, in..
: Days of rain.
Ceda r Kens —
Rainfall, in..
>
Days of rain.
records. We have added twro stations in
North Carolina, three in Georgia, one in Alabama, one in Mis¬
sissippi, one in Arkansas, two in Tennessee, and one in TexasAnother month we expect to have still more.
But from what we now give it is easy to see that the yield
must be quite uneven.
Take North Carolina as an illustration.
July and August this
1
1'03- 3-85
4
i 7
2-43
8
3'50
7-24
19
Rainfall, in..
United States
North Carolina, was only forty hundredths of one inch each of
those months, while the thermometer
averaged two degrees
higher than for the same months of 1880. On the other hand,
10
4-07
8
10
1-25
11
Days of rain.
our
The rainfall in
|
Forsyth.—
Crop
1880,
2-67
8-79
2'30
11
ThomasviUe
Rainfall, in..
Days of rain.
put ourselves in possession of the facts which mark the season.
To-day we give our friends some of the results, and in doing it
considerably
3-10
11
I
2-90
,
9-90
10
4-99
7
o-oi
11
Rainfall, in..
Days of rain.
have felt greater
the reader will notice that
9'20
10
Home.—
July until about the first of October. For
hesitancy than usual in ex¬
pressing opinions with regard to the yield. Since our return
we have been
attempting more carefully than ever before to
reason we
0
0-40
3
NoWmU.
'
.
from the middle of
that
j
5 04
1*30
7
1-74
7
Rainfall, in..
Days of rain.
•••
reports of the season together, up to December 1 the indica¬
tions point to a crop of about 4,900,000 bales, and a somewhat
higher product appears to be possible.
Estimates.—The writer of this
7-84
13
0-47
•13
Columbus.—
The returns of condition in October and the yield per acre
estimated in November are more favorable than the December
returns of comparative product, which are
usually conservative
and somewhat lower than the outcome warrants. Taking the
Cotton
I
October.
*~
Savannah.—
•
and
10
Septenxb'r.
1880. 1881. 1880. 1881.
I
Atlanta.—
w'ith last year are
Carolina, 71; South Carolina, 77; Georgia,
80; Florida, 92; Alabama, 83; Mississippi, 73; Louisiana, 83;
Texas, 66; Arkansas, 50, and Tennessee 53.
Records
|
1*20
Charleston—
Rainfall, in..
Days of ruin.
GEORGIA.
j
August.
1880.11881.
3-48; 603: 12-40
12 1 li)
j 10
—
Days of r.iin.
8. CAROLINA
North
Thermometer
Wilmington—
Rainfall, in..
Days of rain.
Greensboro.—
from Tennessee and North Carolina.
The December returns of product compared
and
5*34
10
374
14
N. OAR’LINA.
points of the
drouth set in,
reducing heavilytlie prospect, causing premature development
of bolls and arrest of growth.
Blight and rust naturally re¬
sulted. When rains came the second growth was too late to
produce much fruit. In addition to drouth there was some loss
from boll worms and much more from caterpillars. The latter
were reported in southern
and middle counties of South
Carolina, many of the western and southwestern counties of
Georgia, eastern and middle of Alabama, the river district of
Mississippi, a few scattered tracts in Louisiana and Arkansas
and eastern and southern Texas. No reports wrere received
Rainfall
—
\
July.
1881.| 1880.] 1881.
j
|
I
VIRGINIA.
In June and July the crop was within five
standard of last year, when severe and general
follows:
]
June.
following
statement, showing the extent of the cotton crop, was issued by
the Department of Agriculture, December 15:
The condition of the cotton crop, as reported to the Depart¬
ment of Agriculture, is lower than in any season since 1866. The
general average of condition in October, which, with certain
limitations, affords the best indication of ultimate product, was
66. The nearest approach to this figure in fifteen years was in
the sliort-crop year 1874, when the
average was 72.
as
[vol. xxxm.
Rainfall, in..
Days of rain.
Mount Ida—
Rainfall, in..
Days of rain.
5-73 522
13
7
11
,,,,
•
• •
0
•
..
TENNESSEE.
Nashville.—
Rainfall, in..
Days of rain.
Mcmph is.—
Rainfall, in..
Days of rain.
Ashwood—
Rainfall, in..
Days of rain.
Aiistin—
Rain fall, in.V
Days of rain.
TEXAS.
Galveston.—
Rainfall, in..
Days of rain.
Indiana la.—
Rainfall, in..
Days of rain.
.
Corsicana.*—
Rainfall, in..
Pays of rain.
New Ulm—
Rainfall, in..
Days of rain.
•
0-63
1
June.
2
\
11
July.
12
| August.
4
11
Septemb'r.
7
-
5
•
•
•
•
0
....
,MI
•
•
••
3'50
2-75
4
0
October
«...
5'54
12
2153
14
November.
1881. 1880.' 1881. 1880. iaSl.'I880. 1881. 1880. 1881. 1880. 1881. 1880.
1
I
VIRGINIA.
Norfolk.—
Highest
99-0,101*0 102-0 102-0
Lowest
58-C ! 58-C
74-C 766
02-0
?9£
950 .100-0
59'C
55-0
78-4 70-e
Average
06-0
540
71*3
40-0
66-8
82-0 78-0 72*0
390 2713 841)
0OC 65U 47U
940
51-0
78-8! 73 0
87-0
470
69*8
83-0
380
63-4
81*C 77*0
20-C lEfw
58 i 511
920
91-0
500
690
88-C
78-0
44-0
67-0
360
78'0 74
23*0 uru
51D 45*0
97-0
48-0
95-0
92-0
80’2
990
61-0
70"&
62-0
70-8
64-0
775
960 98-0
62 0i 65 0
80-5: 79-4
94-0
020
791
93-0
60-0
77-4
90-0
95 0
99-0
nn-n
600
780
900
640
70-0
630
89-0
N. CAR’LIN A.
Wilmington.—
Highest
Lowest
Average
Greensboro.—
Highest
esc
Lowest
64C
980 100 0
60-0 6« ri
Average
770
75*0
Weldon
Highest
Highest
Lowest
Average
*
67-0
770
590
—
Lowest
Average
S. CAROLINA
Charleston.—
we
800 1 78-0
020
990 103D 102-0 104-0 1070
62-0 oi-o 64-0 t 60-0 000
709 80-0 81-2 | 81-0 79-0
95-0
64 0
770
76D
400
78D
21U
48*0
55'0
89-0
83-0
54-0
458)
73-0
059
80-0 74-0
28'0 30 0
6O‘0
97-0
62-0
78-0
72-0
920
35-0
600
925
68-0
807
890
61-0
75-8
87-0
1
96-5 1000 1030 97-0
640 6 .*0 670 71-0
8P8 800 83'5 S 83-4
975
090
81-0
930
6 <‘0
814
This station has been removed to Palestine, Texas,
shall receive reports shorty.
from
whioh point
1
i
-
|1!'. ‘ 7"
1
1881
.
SeptemberJ
August.
July.
1880
.
093
,
f —
June.
Thermometer.
the chronicle.
17,1881.1
December
1881 1880
.
11881
.
1880
.
.
1881
1880
.
October.
November.
1881.]1880
1881 1880.
.
.
Thomasville, Ga.— Light frost on the 4th; killing frosts and
on the 26th and 26th.
Forsyth, Ga.—Cotton blooming and green on the 24th, and
jail other vegetation on that date looking as it usually does
in early autumn; but on the 26th we had
killing frost and the
-ground was frozen hard. Last year we had killing frost on
November
jice
■
GEORGIA.
highest.;...
Lowest
Average....
Atlanta
—
Highest
90-( )
Average
77-5
904i
04 794
014
514 i
744
02-( ) 1004)
59 ( ) 00 4)
76-t) 814l
954 K 984 )
64 4
674
784
79"
95 4)
644)
70-
914
814
974
704
83-1
004
064
80-c
924
094
814
984
704
82-0
964
754
814
954
074
80-C
950
68-0
780
944
660
80-0
94-0
07-0
794
940
00-0
790
960 ioo-o
05 0 oj-o
99 0 100C 1014 >
714
6601 034
847
88*9 814
Columbus.—
100*0!
Lowest
Average
Macon.—
Highest
Average
—
Highest
Lowest
Average
—
71’t
84-C
04C
85-C
97‘C
02"C
B0
95-0
62C
99-0
03-0
0J 80-0
83-0
oe-o!
02-0 10P0
56 0!
50-0
77-0
60-0
95-0
03-0
79-6
98*0
09-0
oi-c
87*7
Average
Forsyth.—
Highest
08-t 102-C
70 0
85C
78-6
Highest
104-0
904)
48-1i
704)
854)
89-i )
64 4 )
81*4
204
50 4
70-0
280
51*1
884
844
804 )
774
474 '
091
484 •
084
404)
6043
764
184
534
05-0
230
402
024
074
80-0
904
58-0
751
80-C
534
72-4
814
444
05"
804
284
014
.77-0
92-0
914
57-0
88-C
09-0
50-0
83-0
77-0
80-C
47C
08-0
704
394
03-0
70-0
28-0
750
00-0
51*0
730
85-0
45-C
700
82-0
374
04-0
840
580
720
200
510
914
644
77-7
95*0 80-0
50-0 I 40-0
772 70-1
80-0
42-0
08-o
76-0
84-0
00-8
20-0
514
954
654
78-0
04-0
50-0
79-0
90-0
88-0
530
74-0
454J
<3-2
ayo
370
05-8
28-0
011
800
310
50-9
08 0
70-8
94-0
57-0
742
930
500
72"4
43-C
80-0
20 0
73-9
270
04-0
50-0
510
91-0
98-0
54-0
74-0
85-0
40C
00 0
83-0
020
76-9
324
05-0
82-0
390
01-5
89-0
57-0
750
85-C
40-0
70-0
814
33-0
07-2
78-0
450
031
92-0
48-7
71-2
87-0
38-0
65-0
70-7
24-0
504
76-0
20-0
517
89-0
510
81-0
27-0
59-1
81*0
25-0
59-1
j
,
....
....
93-0
600
801
690
82-8
950
68-0
80-0
90-0 1060 100-0 101-0
69-0 710 74-0 72-0
81-9 834 843 809
980 1000
•
70 0
81-0
Lowest
Average
FLORIDA.
Jacksonville.—
Highest
Average
Cedar
9641
07* ()
80"
1
Average
ThomaiinUe
96 4) 100*
094 ) 66- L
824i 80 43
60 ( i
814)
57 •( )
Savannah.—
Highest
Borne
64-;i
8412
09* vi02-;i
101* 8
62\i
8P 7
Keys.—
Highest
Lowest
Average.....
ALABAMA.
Montgomery —
81-3
09-0 100-5
00 C 090
832 81 0
990
70 0
83-8
97-0
96-0
96-5
70*0
82-0
70-0
81-6
704
81-2
94-0
09-0
80-0
94-0
650
80-8
94*0
69-0
83-i
94-0
71-0
82-0
93-0
09 0
81-8
930
70-0
80-4
04-0
OvO
80-7
980 106-9 ioo-o
03-0 65-0 094)
80-1 8P2 81-9
96-8
07-7
811
970
70-0
80-5
90-4
509
77-8
03-0
68-0
82-4
105-5
Highest
714
914)
040
78-7
920
320
501
530
204
77-0
00-0
210
400
81-0
880
Lowest
Average
Mobile-
61-2
829
Highest
99-8
64-0
830
95-0 100-8
03-0 09-2
80-2 83-2
98-0
710
80-0
90-0
68-1
81*8
90-0
70-0
81-5
96-0
580
79-3
020
570
75-2
73-5
80-0
42-0
00-7
06-0
60-0
79-5
74-2
01-0 103-0
030 080
81*2
920
080
79 8
940
69-0
81-0
98-0
700
78-0
980
500
703
890
55-0
74-0
84-0
48-0
09-5
82-0
420
68-7
73-0
29*0
54*3
700
220
48-4
94-8
735
84-4
92-0
714)
9P2
74-5
82*5
92-0
710
81-3
92-0
030
80-1
900
63-0
83-0
57*5
84-0
52-0
08-0
80-0
315
01-2
75-0
ai-o
79-0
230
51*9
77-0
180
770
72-0
240
40 1
530
73-0
16th.
Cedar Keys,
Fla.—Precipitation small and weather dry durtemperature with frost on the 25th.
Montgomery, Ala.—Ice formed on the 24th and 25th. Heavy
frosts, killing vegetation, on the 27th and 28th.
Mobile, Ala.—Killing frosts on the 25th, 26th and 27th.
Neio Ch'leans, La.—Ice formed on the 25th.
Sugar cane
suffered from the
month.
freeze.
Fayette, Miss.—Frosts: on 4th light, killing nothing;
“killing” on 24th (ice) 25th; severe, ice ^ inch thick; do. on
26th. Several thunder storms passed over this station on
the
11th between 1 and 3% P. M.
Rainfall, 1*50 inches. Wind. S.—
S. E.—3. Four miles northeast of this a
cyclone fell so suddenly
in a neighbor’s yard that he
hardly had time to think before
it was over. It blew down all his shade trees and
and broke things up in the
23rd.
Vicksburg, Miss.—Frost
970
715
830
Highest
Average
Shreveport.—
Highest
101-6
66-0
83-8
lowest
Average
90-0
090
80-1
81-7
70-8
752
930 105-0
030 68-5
780 88-3
06-0 10V0
044 68-0
800 85-9
944 101-0
58-0 47-0
76-0 77-7
920
534
72-4
94-0
470
707
85-0
430
040
900
04-0
920 ioo-o
650 680
70*3 81-2
89-0
64 0
700
980
48 0
70 8
840
88-0
40-0
69 T
81-0
40-0
00-2
22-0
531
990
780
870
77-0
93 0
844
05-0
87-0
<• •
81*0
620
00 0
830
75-0
On the 16th
killing.
Austin, Tenn.—No unusual phenomena during the month.
504
Cotton Exchange Reports for December.—We
publish
the Cotton Exchange condition reports for December 1:
Norfolk Department.
99-0
68-0
8V7
Average
Columbus
70*8
98-0
72 0
81*1
52-0
701
The Norfolk Cotton
....
....
Average.....
Vicksburg.—
Highest
ioo-o
74-0
89 0
....
80*0
51*0
740
*
'
•
*
100-0
69-0
Average......
BrookhavenrHighest
Average
,'ARKAN8A8.
Ul
940 lOfVO
030 620
97-0
6-1-0
99-0
7P0
81-6
78-5
848
80-7
844
980
050
80-1
96-0
600
79-0
93-0
630
70-0
96-0
000
790
950
70-0
790
95-0
080
70 0
92-0
660
78-0
950
560
710
940 1020
62-0 05-0
78-0 830
90-0
004
78-0
930
420
70-0
88-0
98-0
550
83*0
960 100*0
59-0 080
700 82-0
93-0
54*
980
340
750
72-3
95-0 103-2
59-0 64-9
78-4 831
950
020
794
98-2
49-0
750
880
43-0
08-2
05-0
59-0
080
520
707
80-0
48-0
68-6
89-0
450
68-3
82*0
540
60*3
77-5
220
50-0
870
780
78-0
17-0
48-1
98-0
51-0
77-7
9V0
52-0
86-0
43-0
03-7
85-0
430
03-0
81-C
320
590
020
394)
000
81-0
35-0
00-0
470
89-0
44-0
07 8
900
80-0
....
053
584)
890
42-8
00-5
790
370
599
74-6
21-0
49-8
00-0
150
412
73-0
10-0
30-9
640
10 0
71-0
890
800
25-0
65-7
55-0
70-0
Highest
94-0
Lowest
620
Average
78-0
900 100-0
590 02-0
750 81-0
94-0
65 0
60*0
Mmmt. h]n,—
230
4S-0
07-0
47-7
Average
77-5 73-7
TENNESSEE.
Nashville.—
Highest
97-5 960 101-2
Lowest
•
•
,verage
»
78-0
21-0
00-4
82-0
too-o
030
Average
900
590
990
07-0
815
77-0
83*2
950 1020
030 68-0
79*2 83-7
Highest
Lowest
Average!....
960
54"0
750
930 1020
00 0 020
705 820
94-0 106-0
58*0 660
700 80-0
920 1000
020
770 700
84-0
630
645
55-0
Highest
Lowest
940
950 102 0
580 720
770 83-1
94-0 1060
61-0 700
77-9 84-0
o?-o
624)
79-0
88-0
420
00*4
88-0
420
340
61-2
588
760
ISO
501
91-0
02-0
78-0
87*0
59-0
77-1
83*0
52-0
60-0
79*4
300
01*7
78-5
840
220
523
Athwood.
Austin.-
61-0
Average
777
78-7
98-0
54-0
78 2
80-0
**• •
Gabeston.—
Average
94-0
73-0
850
91-0
080
815
Highest
95-6
Lowest
mianola.—
920
69-0
83-1
930
73-5
84-0
930
700
82-6
91-0
94-0
09-0
93-8
721
83*0
950
070
93-0
030
88-0
553
80-0
46-0
821
30-0
81-9
925
040
80*4
79-0
771
093
02*4
970 108*0 ioo-o 106*0 1000
640 69-0 63-0 73-0 59-0
80-5 85-7 82-0 87*0 82-4
99-0
490
78-9
98-0
510
74-8
920
470
70-7
800
410
63-6
970
91*0
55*0
733
880
Average..;...
Oorsicana.*—
70 8
930
62 0
850
82-9
Highest
Lowest....
1040
65-0
862
Lowest
Average
A *io Ulm.—
Highest.
Lowest
Average
920
70-0
84-9
96-1
75'8
84*0
102*0 94 0 103-0
690 68-0 090
1 84‘9 792 84-1
.
82-7
97-0 L01-0
66-0 70-0
80-6 82-2
k^on 113,8 ^een removed
to
60-0
8P2
920 1000
05-0 550
79-41
79-2
550
70-0
440
000
*
*
*
*
....
733
371
525
irable and 21 less favorable than last year. Forty-live replies show
;op crop, 13 small top crop. Twenty-seven replies show picking
lied 10th to 20th November, 28 picking will be finished by 1st to
200
541
790
140
459
69-3
27* 1
49*5
a
is given for all months with the
the^ven^61*11*61^ for vvhieh month
following
we give (and shall hereafter
remarks accompany
November,
1881:
J^07fdlk,
17th.
Fa.—Light frost
the month’s reports for
The
replies show that labor is
Charleston
scarce,
and that picking
Department
Sonth Carolina.—54 replies from 27 counties; average date
November 30.
All excepting
11 report the character of the weather during November
favorable, and, in comparison with the
same time last year, more
*vorable for gathering the crop. Forty-three state that a top crop has
eeu made, but some of them say that it matured only partially.
Picks
1 lg is expected to be finished on the 15th December by 14. while 29
] sport it nearly finished and 11 entirely finished.- The total yield as
ompared with last year is estimated to be the same by 2, seven eighths
y 3, three fourths by 14, two thirds by 28 and one half by 10. Frost,
ame too late to do any damage, except having killed some unmatured
ap crop. The proportion of the crop marketed is reported by 2 to be
Savannah Department.
Northern, Middle and Southwestern Georgia, (being
Georgia except the twenty-eight counties in charge of the Augusta
This report covers
all of
Cotton Exchange) and the entire State of Florida. The report is pre¬
pared and issued by the Savannah Cottou Exchange, through their Com¬
mittee on Information and Statistics, composed of J. H. Johnston,
Clayius Phillips, J. J. Wilder, F. M. Farley and R. C. Wood.
Georgia.—61 replies from 38 counties.
on
the 16th and heavy frost
on
Weldon, N. C.—First ice of the season on November 16th.
lania, Ga.—The frost on the 18th was very destructive to
^getation, but there was little cotton lost, however.
oumbus, Ga.—Killing frost
Deoember, 3 picking will be finished by 1st January, 1882. Fortyreplies averaged show total yield at 69 per cent as compared
l
last year, 10 same yield as last year, 5 slight increase in
Palestine, Texas, from wliieli point
r1eceive sports shortly.
eveennff *£r0(*
mean temperature
Virginia.—58 replies from 32 counties;
date November 30.
...
*
TEXAS.
Highest
VElctll*
l
77-9
Lowest
JTuToUllj
Thirty-three replies show weather generally warm and dry, 25 gener¬
Thirty-seven replies show weather more
....
53 0
Memphis.—
Highest
Uciiliy \jUrf5WCilj
ally wet and unfavorable.
65-0
70
38-0
56-4
78-7
Average
j
North Carolina and
•
.
.
Lowest.
lOAUUUf ui/vauoj uiuicjr
1
Highest...
88-0
Oj
Catawba,
ille, Warren, Franklin, Nash, Wake, Hyde, Pitt, Green, Cartaret,
fraven, Beaufort, Tyrrel, Washington, Martin, Bertie, Chowan, Pasquoink. Camden, Currituck, Gates, Hertford, Northampton and Halifax.
750
90-0
45-0
71-0
Little Hock.-
The
Information
Virginia and the
,
Lowest
t For
on
X Lincoln,
25*0
000
*
_
TiOwest
„
Exchange, through their Committee
—
Highest
,
be-
3w
Fayette.—
Lowest
November 4th, 20th, 24th, 25th,
Nashville, Tenn.—Killing frosts on November 4th, 13th,
14th, 15th, 16th, 20th, 25th and 28th, and light frost on the 29th.
Memphis, Tenn.—Heavy frost on the 20th; universally
destroyed vegetation in this vicinity. *
Ashwoody Tenn.—Frost on the 13th, 14th, 15th and 16th.
MISSISSIPPI.
Highest
on
26th and 27th.
LOUISIANA.
New Orleans.—
Lowest
outhouse
negro which it blew away, and also blew away his
cotton-house, and all his cotton in the seed. A lady saw the
air full of bed clothes, wearing
apparel, &c. Track narrow;
length heard from, 8 miles. Strange to say, neither rain nor
hail attended it. November, 1880, was a
quiet month, with
frosts on the 1st, 7th, 8th, 15th, 16th, 18th, 19th,
21st, 22nd and
—
Average....
an
dwelling; but the house being open
and a strong frame it was not
materially damaged. An eye¬
witness stated “ That he never saw
anything like~it, for the air
was full of limbs, <Sc.,
whirling about, and it passed off very
swiftly,” &c. Here it seemed to rise, and to fall again at the
house of a
•
IXJWCBt
Average
Greene Spr'gs
Highest
Lowest
Low
on
November 4th.
The weather during the month of November was dry and warm, very
fine for harvesting the balance of the crop, and much more favorable
than last year. In Rome sections a small top crop has matured and been
gathered, but over the greater portion of the ten itory the top crop was
a complete failure.
Picking was generally finished by December 1,
except in very few sections, where it will be completed by December 15.
The replies iudicate no damage of consequence from frost, and that the
yield, as compared with last year, will be fully 20 per cent short, and
that 75 per cent of the crop has been marketed.
THE
6114
CHRONICLE.
fVoL. xxxin.
Memphis Department
K
Florida.—18 replies from 12 counties.
covers the State of Tennessee west of the Tennessee River, and the fni
During the month of November the weather has been dry and gener¬ lowing Counties in Mississippi: Coahoma, Panola, Lafayette, Marshall
ally favorable. Ten replies report no top crop, 8 a light top crop. De Soto, Tunica, Benton and Tippah, and the State of Arkansas uorthnf
the Arkansas River. The report is prepared and issued by the Memuhii
Fourteen replies report that pioking was completed by December 1, and
Cotton
Exchange, through their Committee on Information and
4 replies that picking will be finished by December 20. No damage
Statistics, composed of Henry Hotter, Secretary and Superintendftnt
from fcrost. The yield, as compared with last year, 12 to 15 per cent
W. B. Galbreath, Chairman, David P. Hadden, William Bowles
decrease. About 70 per cent of the crop has been- marketed.
„
George H. Latham, J. T. Pettit, R. L. Cottin, C. B. Clarke and G sr
Augusta Department
Maclareu.
covers the Counties of Georgia not included in the Savannah Report,
West Tennessee.—27 responses.
and is issued by the Augusta Cotton Exchange, through their Com¬
Weather—22 report the weather for the month of November as having
mittee on Information and Statistics, composed of L. L. Zulavsky, Chair¬ been favorable for picking and 5 unfavorable. Compared with 1880-man; Geo. W. Crane, S. M. Whitney, J. J. C. McMahan and W. M.
All report more favorable. Top Crop—21 report no top crop, 6 report a
Jordan.
top crop, but it did not mature. Picking Progress—23 report that pick
is completed, and 4 report that it will be finished from December
Georgia.—£4 replies from 16 counties; average date Nov. 30. ing
10th to 15th.
Yield Compared with 1880—The estimated yield comTen reports state the weather as unfavorable, owing to too much rain;
pared with last year is 50 per cent less. Frost— All report frost, but no"
34 as good and favorable, fairly dry and warm. Frosts reported gener¬
damage has been done. Crop Marketed—Responses indicate that 73 per
ally November 24 and 25. Only 4 correspondents report weather less cent of the crop has been marketed.
^
favorable tlian last year, 3 as same and 37 as better and much
North Mississippi.—25 responses.
more favorable.
Twenty-seven correspondents report a top crop,
Weathei—19 report the weather favorable for picking, and 6 unfavoN
but of no great extent, most of them but little, of winch about one
able.
third is reported as having matured.
Tu some places a good top same. Compared with 1880—21 report more favorable, and 4 about the
Top Crof>— 20 report no top crop, 5 report a top crop, but it did
crop reported cut short by worms and frost;
17 correspondents
mature. Picking Progress—20 report that picking is completed, and
report absolutely no top crop.
Thirty-one reports say picking is not
finished or almost so, hut little remaining; 13 report that picking 5 report that it will be finished from December 5th to 15th. Yield Com¬
pared with 1880—The estimated yield is 37 per cent less. Frott—All
will be finished in a few days, generally naming December 15.
report frost, but no damage has been done. Crop Marketed—Respocesa.
Where there is still some picking to be done, it is stated to be the top
indicate that 68 per cent of the crop has been marketed.
crop.
It is almost impossible to arrive at an average; 11 reports
North Arkansas —24 responses.
give the crop as 50 per cent less; 14 as 30 to 33 per cent less ; 12 as 25
Weather—17 report the weather favorable for picking and 7 unfavor¬
per cent less; 1 as 12
per cent less ; 3 as same as last year; 2 as 10
able.
Compared with 1880—20 report more favorable and 4 about
per cent more; 1 as 25 per cent more. The average points to a decrease
port t
same.
Top Crop—21 report no top crop, 3 report a top crop, but it did
J eitl
not mature. Picking Progress—15 report that picking is completed and
"Port
9 report that it wilfbe finished from December 5 to 15.
Yield Com¬
50 per cent marketed; 6 as GO per cent; 21 as 75 per cent; G as 80 per pared with 1880—The estimated yield is 54 per cent less. Frost—All
report frost, but no damage has been done. Crop Marketed—Responses
cent; G as 90 to 95 per cent, indicating an average of 73 per cent.
indicate that 69 per cent of the crop has been marketed.
From remarks of our correspondents, we conclude that the crop is turn¬
ing out better in many localities, though not all, than w’as anticipated
Aggregate—76 responses.
two months ago, and would have been much better but for destruction
1. Weather—report the weather for the month of November as hav¬
of late cotton by the worms, and of much top crop by the killing frost of
ing been favorable for picking and 18 unfavorable.
November 25. In many instances frost came too late to do damage—
2. Compared with 1880—68 report more favorable and 8 about samp.
was
nothing
Some
were
already
up
there
to damage.
fields
ploughed
3. Top Crop—62 report no top crop, 14 report a top crop, but it did
or stock turned into them at that time.
It is a pretty general complaint not mature.
that it takes more seed cotton—say by 100 to 150 pounds—to make a
4. Picking Progress— 58 report that picking is completed, and 18
bale of lint than last year. But owing to excellent picking weather all
report that it will be finished from December 5 to 15.
through, cotton was picked very promptly and in much better and
5. Yield Compared with 1880—The estimated yield compared with
cleaner condition, and wastage in the fields w-as hardly any. Where
last year is 49 per cent less.
worms were bad a good deal of leafy cotton was picked, liowever.
6. Frost— AH'report frost, but no damage has been done.
7. Crop Market ed—Responses indicate that 70 percent of the crop has
Mobile Department
been marketed.
covers the State of Alabama as far north as the summit of the Sand
Jute Butts, Bagging, Etc.—But little change has taken
Mountains, and the following Counties in Mississippi: Wayne, Clark,
place
in the market for bagging, and nothing of interest has
Jasper, Lauderdale, Newton, Kemper, Neshoba, Nebaboe, Winstou,
occurred. The demand is of a jobbing nature,"but there is noLowndes, Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Pontotoc,
Prentiss. Alcorn and Tisbamingo. The report is prepared and issued by
inquiry for large parcels. Prices are about steady, though no¬
the Mobile Cotton Exchange, through their Committee on Information
great strength is shown, and at the close holders are quoting
and Statistics, composed of T. K. Irwin, Chairman, Julius Buttner, S.
8%c. for 1% lbs., and 9%@10c. for 2 lbs., and 10%@llc. for
Haas, G. Thos. Cox and Geo. L. Hopkins.
standard grades. Butts have not been active, but a fair
Alabama.—56 replies from 39 counties.
amount of business is doing, and though the lots are small, in
The weather during November was favorable for gathering the crop
the aggregate a considerable amount of stock has been placed.
in 30 counties, and unfavorable in 9; but it was generally more favora¬
Some 3,000 bales are reported as being taken at 2%@3c.* as to
ble than during the same period last year in all of the counties. In 11
counties a small top crop has been made; all the other couuties report
quality, and sellers are now asking 2%c. for bagging qualities,
none.
Picking has been finished in 23 counties, and will be completed
and 2%@3c. for paper grades.
in the remaining 11 about the middle of December. The total yield, as
Comparative Port Receipts and Daily Crop Movement.—
compared with last year, is reported as the same in 3, and 25 per cent
less in 1G, of the more productive counties, and in 20 less productive
A comparison of the port movement by weeks is not accurate
c unities as 27 per cent less.
Little or no damage was done by frost. In
as the weeks in different years do not end on the same day of
19 of the m,>re productive counties 67 per cent of the crop is reported as
the month. We have consequently added to our other standing
having been marketed, and in 20 less productive counties 76 per cent.
jsmasm
Tables a daily and monthly statement, that the reader may
for gathering the crop- constantly have before him the data for seeing the exact relative
reported in Wayne County, movement for the years named. The movement each month
all of the counties except 3ince September 1, 1881, has been as follows:
Itawamba, and will be completed about December 10. The total yield,
as compared with last year, is estimated at 22 per cent less.
Little or
Year Beginning September 1.
no damage has been done by frost.
About 70 per cent of the crop is Monthly
1876.
1877.
reported as having been marketed.
1878.
1879.
1880.
Receipts.
1881.
New Orleans Department
98,491 236,868
Bept’mb’r 422,057 458,478 333,643 288,848
covers that part of the Slate of Mississippi not apportioned to the Mem¬
675,260
578,533
689,264
883,492
October.
827,849 968,318
phis and Mobile Cotton Exchanges; the entire Slate of Louisiana, and
901,392
822,493
the Slate of Arkansas south of the Arkansas River. The report is pre779,235
942,272
Novemb’r
937,578 1,006,501
Mississippi.-29 replies from 19
counties.
The weather has been generally favorable
more so than last year.
A small top crop is
none in the others. Picking is about finished in
'
gared
and issued
by the NewandOrleans
Exchange,
through
Cottoncomposed
their
ommittee
on Information
Statistics,
of Wm.
A. Gwyu,
Chairman, Chris. Chaffe,
and A. L. Browne.
Jr.,W. H. Haweott,
Louisiana.—72 replies from 32
The weather during the month
with last year decidedly more
W. A. Peale, Chas. Holland
parishes; average date Nov. 30.
has been very
Total year 2,137,484 2,433,297 2,164,407 1,757,347 1,499,517
Pero’tage of tot. port
receipts Nov. 30
..
41-42
4327
1,813,520
44-91
34-50
39-51
favorable'; compared
favorable. There is no top crop. The ports this year were 245,813 bales less than in 1880 and
picking is generally finished. The yield is 31 per cent less than last 23,077 bales more than at the same time in 1878-79. By adding
year’s. There has been no damage from frost. Seventy-five per cent of to the above totals to Nov. 30 the daily receipts since that time,
the crop has been marketed.
.
Mississippi.—127 replies from
33 counties ; average
November 30.
date
much more than last year,
The fair prospect for a top crop
we shall be able to reach an exact
for the different years.
The weather has been generally favorable,
when it was very wet and unfavorable.
few exceptions. The picking
The yield is 2G per cent less
indicates a decrease of 8 per cent, since the
report last month. Sixty-eight per cent of the crop has been marketed,
Arkansas.—Ill replies from 31 counties; average date
was
with a
by December 1.
destroyed l>y frost and worms,
will be generally finished
than last year’s, which
November 30.
The weather during
the month has been
generally favorable, and com¬
pared with last year more favorable. Some counties report a small top
crop, but it has been destroyed by frost and worms. The picking is fin¬
ished. The yield is 50 per cent less than last year’s. Sixty-five per
cent of the crop has been marketed.
Galveston Department
covers the State of Texas, and was prepared and issued by the Galveston
Cotton Exchange', through their committee on Information and Statistics,
composed of J. D. Skinner. Chairman, Chas. Kellner, H. Dreier, J. M.
King and Robt. Bornefeld.
Texas.—104
replies from 77 counties; average
date Nov. 39.
Forty-four counties report the weather during November as favorable,
and 33 as wet and unfavorable. The weather has been more favorable
lor gathering the crop than at the same time last year in 52 counties,
and less favorable in 25. Fourteen couuties report a top crop, 21 some,
and 42 none. Picking is over in 54 counties and will be finished in 23
by the 15th of December. The total yield as compared with last year,
it is estimated, will average 40 per cent less. Thirty-four counties
report damage by frost, and 43 report no damage. Seventy-six per cent
of the crop
has been marketed.
1880.
1881.
comparison of the
1879.
Dec. 1
36,867
45,332
34,006
26,647
29,216
48,897
“
2....
“
3....
“
4....
8.
30,346
“
5....
S.
“
6....
54,134
31,799
30,136
40,865
42,404
39,377
63,166
36,174
29,263
25,055
“
7....
“
8....
“
9....
“
10....
“
11....
S.
41,993
“
12....
50,059
30,942
32,913
36,960
46,325
42,522
30,650
33,332
40,452
“
13....
“
14....
“
15.
“
16....
59,133
8.
1876,
1877.
1878.
Tot.Nv.30 2,187,484 2,433,297 2,164,407 1,757,349
movement
1,499,517 1,813,520
8.
21,387
30,886
28,110
25,675
49,608
36,046
39,978
40,894
8.
8.
25,563
52.479
43,236
23,532
30,933
58,291
8.
34,502
37,914
33,164
50,014
37,733
58,561
S.
26,923
28,693
30,836
30,614
46,024
45,251
8.
30,412
52,468
30,824
21,080
,
40,703
27,179
20,766
36,219
29,111
22,784
8.
47,969
35,846
25,895
39,011
31,300
32,893
8.
1,909,580
2,739,603 2,970,143 2,699,437 2,250,664
Percentage of total
4394
S.
41,873
31,662
32,325
24,767
33,072
26,981
S.
42,863
29,247
29,426
33,977
35,642
23,479
3^2 53,747
Total
om-t rec'Dta Dec.
1G
50-56
53-97
50-60
5581
.
THE
17, 1881 .J
December
CHRONICLE.
695
The Exports of Cotton from New York this week show a
statement shows that the receipts since Sept. 1 up to
decrease, as compared with last week, the total reaching 8,781
to-night are now 230,540 bales less than they were to the same bales, against 10,473 bales last week. Below we give our usual
This
day of the month in 1880 and 40,166 bales more than they were
t0 the same day of the month in 1879. We add to the table
percentages of total port receipts which had been received to
December 16 in each of the years named.
India Cotton Movement from all Ports.—The figures which
the
showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since September 1, 1881, and in the last column
the total for the same period of the previous year:
Exports of Cotton (bales) from New York since Sept. 1,1881.
collected for us, and forwarded by cable each Friday, of
now
are
table
Week
shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
enable us, in connection with our previously-received report from
the
Exported to—
Bombay, to furnish our readers with a full and complete India
movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to Dec. 15
Liverpool
Shipments since Jan. 1.
Shipments this week.
Year Great
Brit'n.
Conti¬
nent.
Great
Conti¬
Total.
nent
Britain
Receipts.
This
Week.
Total.
9,000 359,000! 598.000
Total
Since
Jan. 1.
957,000 30.000 1,328,000
894,000 17,000 1,168,000
639,000 8,000
865,000
724,000 6.OO0
918,000
1381 3,000 6,000
1,000 368.000:526.000
1880 1,000
11,000 11,000 260.000; 379.000
1379
3^3.000,401,000
1878
According to the foregoing, Bombay appears to
increase compared with last year in the week’s receipts
bales, and an increase in shipments of 8,000 bales,
Conti¬
nent.
Great
Britain.
2,000
1881
1880
1879
1878
9,000
Conti¬
nent.
Great
Britain.
Total.
3,000
1,000
5,000
10,000
222.000
223,000
i'ooo
1,000
213,000
144,000
Europe
from—
This
week.
Since
This
week.
Jan. 1.
6,118 110,553 145,909
5,892
Havre
Other French ports
575
25
1,304
14,052
16,918
Total French
575
25
1,304
14,052
16,918
247
250
559
300
500
12,050
10.257
2,240
17,517
13,296
4,042
1,359
21,556
34,855
737
460
951
737
1,411
915
....
1,045
34
101
949
1,146
497,
1
200
1
200
Grand Total
-
307,00C
310,000
325,000
216,000
11,020
7.238 10,473
Boston.
New York.
Receipts
from—
This
week,
| Since
j Sc2)t. 1.
N. Orl’ans 4,745 110,310
Texas....
4,058 57.763
Savannah 13,750 131,901
Mebile
j
Florida.
4*406
8,781 149.898 199,093
This
week.
This
week.
Sept. 1.
1,206
Baltimore.
Philadelphia.
Since
Since
Sept. 1.
This
week.
Since
Sept. 1.
1*006 20,115 4,4*71
17,398
33*9*51
..j...
...
”714'
.
S.Car’liua
N.Car’liua
Virginia..
85,972
34.424
9,135' 92,368
North, pts
Tenn., &c.
9.280
Foreign..
197
......
5,057
3,163
......
1,718
1,631 13,429
33,616 7,COI
1,280
This year. 50,104 558,676
Since
Jan. 1.
This
week.
Since
Jan. 1.
9,951
9,496
—
1879.
1880.
6,118 107,145.1 139,254
3,408
6,655
Total Spain, &c
EUROPE FROM ALL INDIA.
1881.
Shipment's
all
lo
599
All other
The above totals for this week show that the movement from
the ports other than Bombay Is 5,000 bales less than same
week last year. For the whole of India, therefore, the total ship¬
ments this week and since Jan. 1,1881, and for the corresponding
weeks and periods of the two previous years, are as follows.
EXPORTS TO
9,352
The Following are the Receipts of Cotton at New York,
Boston, Philadelphia and Baltimore for the past week, and
since September 1, 1881:
Tola..
85,000
87,000
112,000
72,000
5,892
Spain, Op’rto, Gibralt’r,&e
Shipments since January 1.
Shipments this week.
Year.
9,037
Total to North. Europe
TUTICORIN, CARWAR. RANGOON AND KURRACHEE.
CALCUTTA. MADRAS,
year.
Dee.
14.
Other ports
at Calcutta, Madras, Tuticorin, Carwar, &c., for
and years has been as follows.
Sept. 1.
Dec.
7.
Hamburg
show an
of 13,000
period
prevVut
Nov.
30.
459
Great Britain
Bremen and Hanover
and the
shipments since January 1 show an increase of 63,000 bales.
The movement
the same week
to
Total
since
Nov.
23.
Other British ports
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Same
ending—
27,897
74,659
738
1.004
11,385
3,131
47,314
3*388 18*1*21
51,299
10.278
4
56
798
7,672
4,394 38,236 10,146 110,656
23,954 171.253
2,791| 26.048
Last year. 47.043 512,461 12.013 128,065
8,83l|l 14.116
United
week, as per latest mall returns, have reached
127,819 bales. So far as the Southern ports are concerned, these
964.000
Total
14,000 1,264,000 11,000 1,204,000 11,000
are the same exports reported bv telegraph, and published in
This last statement affords a very interesting comparison of the the Chronicle last Friday; With regard to New York, we
total movement for the week ending Dec. 15, and for the three include the manifests of all vessels cleared up to Wednesday
night of this week:
yearn up to date, at all India ports.
Total bales.
Bombay
All other
p’rts.
.
9.000
5,000
957,000
1,000
894.000
307,000
10,000
310,000
639,000
325,000
11,000
Alexandria Receipts and Shipments.—Through arrangements
we have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a
of cotton at
Alexandria, Egypt. The following are the receipts
week and for the coiresponding week
!
Alexandria, Egypt,
j
1879.
1830.
1881.
Dec. 15.
Keceipts (cantars*)—
This week
Since
j
Since
This
week.
Sept.
!
1.1
This
week.
Liverpool....
Total
*
7,500
5,464
Continent
90,000
42,351
|l
Siime
Sept,
Exports (bales)—
To
To
200,000
140,050
1.385,500
170,000
1.687.550
Sept. 1
|
l.j !
2.140,000
This
Since
week. Sept.
1.
92,00o' ! 11,000 146,606
17,000
7,761
31,992|
10,020
68,850
12,964 132,351 24,761 123,992| 21,000 215,456
Europe
Aoarxtaria 98 lbs.
were
were
week ending
170,000 cantars and the shipments to all Europe
12,964 bales.
1880.
1881.
Oct.14
u
21
*
28
Not. 4
“
11
18
“
25
Deo. 2
“
“
“
9
16
8*4 lbs.
Shirtings.
d.
d. s.
9 ® 95.* 6
9 ® 91$ 6
9j8® 9% 6
9*6 o> 978 6
9i4®10 6
9^®10
* 6
93831018
938®10l8
938^10*8
9*4® 10
6
6
6
6
Partliia, 716
Wisconsin, 2,115.
Havre, per steamers Labrador, 1,224
6,118
St. Germain,
1,304
(additional) 80
559
300
To Bremen, per steamer Neekar, 559
.•
To Hamburg, per steamer Gellert, 300
To Antwerp, per steamer De Kuyter, 500
New Orleans—To Liverpool, per steamers Bernard Hall, 6,000
Buenaventura, 3,400
Serra, 4,750—per ship Ella
S. Thayer, 3,523
To Havre, per ship George Washington, 4,086—per bark
‘
Peruvienne, 1,689
Bremen, per ship Friedrich,
Barcelona, per bark Faster,
To
To
To
To
Genoa, per bark Jane, 2,240
Vera Crnz, per steamer City
500
17,673
5,775
5,289
918
2,240
1,195
5.2 89
918
of Merida. 1,195
<
Nuevo Ponce, 2,109
Chakleston—To Liverpool, per steamers
Upland and 457 Sea Islaud
per ship Richard HI., 3,752
Upland
per barks Glenola. 1,753 Upland and 113 Sea
Lloyd, 1.453
Island
James Kenway, 1,966 Upland
Upland
Minnie, 2,100 Upland and 100 Sea Islaud
Wacissa, 2,484 Upland and 148 Sea Island
16,435
1,908
1,021
Island
To Havre, per bark Georges, 1,832 Upland and 76 Sea
To Amsterdam, per'brig Albatross, 1,021 Upland
To Sebastopol, per steamers Redewater, 3,980 Upland
i.
To Barcelona, per
7,900
i>er
Upland
Providencia, 540 Upland—Perro, 506
bark Nuevo Borinquen, 1,200
brigs Nuevo
Upland
-
bark Augusta Quiuta, 1,200 Upland
Savannah—To Liverpool, per barks Kenilworth, 2,589 Upland
and 105 Sea Island....Poliona, 2,843 Upland and 105 Sea
Island....Tikoma, 2,753 Upland and 89 Sea Island
To Havre, per barks Aeolus, 1,775 Upland and 25 Sea Island
..Edwin, 1,070 Upland and 185 Sea Island
To Bremen, per ship Favorita, 4,149 Upland.. A
To Reval, per steamer Azalea, 5,400 Upland.
To Genoa, per
Manchester Market.—Our report received from Manchester
to-night states that there has been a slight decline in prices of
twists, and that the market is quiet. We give the prices of
to-day below, and leave previous weeks’ prices for comparison:
32s Cop.
Twist,
To
Rochdale, 3,920 Upland
This statement shows that the receipts for the
Dec.. 15
New York-^To Liverpool, per steamers Celtic, 496 — City of
New York, 1,486
Coptic, (additional) 162...Italy, 1.143
weekly cable of the movements
and shipments for the past
of the previous two years.
News.—The exports of cotton from the
Shipping
States the past
d.
6
6
6
6
6
6
6
6
6
6
s.
@8
®8
®8
®8
®8
®8
®8
®8
®8
d.
0
0
0
0
lkj
lk!
lka
lk!
Ik!
0
OotVn
Mul.
Up ds
d.
63fi
6716
63s
67i6
69iq
6ki
611x0
6»16
69lfi
8*4 lbs.
32s Cop.
lwist.
d.
d.
9*4 & 978
93s ®1018
93s ®)1018
9kt ®>10
9q ®io
9H ® 978
9^8 -®10
9% ®10
9k»® 97e
95s ®io
Shirtings.
s.
6
6
6
6
6
6
6
6
b
7
d.
8
9
9
9
9
s.
®7
®8
®8
®8
d.
9
0
0
0
0
7k*®7 10ki
9
9
9
0
®8
®8
®8
®8
CotVn
Mid.
Upldt
d.
6\
6\
6\
6ki
67x«
63q
0
0
0
6ni«
ik>
61316
611x6
65s
5,000 U pland
3,000 Up/and—per
To Gothenburg, per steamer Lombard,
To Barcelona, per steamer Vidal Sala,
2,246
1,200
8,378
3,055
4,149
5.400
5,000
4,100
2,139
1 >5/9
To Vera Cruz, per steamer Whitney, 1,292.
1,292
Wilmington—To Liverpool, per barks Carl Imenoes, l,3o3....
Gronsvoer, 1,751... .8chweigaard, 1 690
4,794
i,oJO
To Barcelona, per barkentine Hattie H, 1,530... ...... — - -.
R.
Norfolk—To Liverpool, Per ships C. Johnson, 4,3/9
Wright, 3,433
per bark F. Stewart, 2,191
To Barcelona, per bark P. Borotan, 936.
93g
Baltimore—To Bremen per steamer Braunschweig, 2,72o ......
2,725
San Francisco—Tc Liverpool, per ship St. Nicholas, los
158
brig Sobereno III., 1,100
Upland.
2,139
Texas—To Liverpool, per bark Glint,
To Havre, per bark Svea, 1,579
-
.
(foreign)
Tofrftl....
T r>t
*
—
127,813
IRE 0HR0N1CLE.
696
particulars of these shipments, arranged in onr usual
form, are as follows:
[Vol. XXXIIJ.
Saturday.
The
Bremen Tleval &
ft Haiti Sebas- Goth-
Liver¬
New York..
N. Orleans.
Charleston.
Savannah..
Texas
pool.
flavrc.
G.116
1,304
5,775
1,908
3,055
1,579
17,673
16,435
8,378
2,139
Wilmington 4,794'
Norfolk
10,003
Barca-
918
2,246
7,900
5,400
4,140
30.710
30,082
5,010
6,324
10,939
936
9,730
5,000
3,410 127,819
terdam, 1,021 bales; from Texas to Vera Cruz, 1,292 bales.
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Glendevon, steamer (Rr.), Hay, before reported, from Norfolk for Liv¬
erpool, whioli was towed into Queenstown with loss of propeller,
&e., arrived at Liverpool, December 8.
Guillermo, steamer, Lazirraga, from New Orleans. November 20,
arrived at Liverpool December 9, with decks swept.
William Gate, steamer (of Norfolk), with a cargo of cotton, was sunk
at McKay’s Creek, Albermarlo Sound, December 12.
Crescent City, ship, Kelly, from New Orleans, arrived at Havre Dec.
12, damaged by collision. Vessel tight.
George Washington, ship (Gor.), Probst, from New Orleans for Havre,
while being towed down the river, December 8, ran on a bank or
raft head on, 20 miles below the city, but came olf and went to sea
.
from the Passes on the 10th.
T. II. Moore, steamboat, of the People’s Line, plying between Colum¬
bus, G i., and Apalachicola, Fla., on her trip up the Chattahoochee
River, December 8. struck on Benton’s Rock, 25 miies below
Columbus, and sunk. Her cargo consisted of cotton and mixed
The steamer went down in 20 feet of water and is a total
will bo saved in a damaged condition.
Jewell, steamboat. About 10 o’clock on tbo night of December 9, near
Bayou Sara, the steamer Jewell, from Shreveport, lost one of her
guards, and precipitated 500 bales of cotton iuto the river. The
total loss has not been ascertained. The greater part of the cotton
has been picked up by parties along the river; none of it being
allowed to pass Baton Rouge. The agent of tho board of under¬
writers has paid $3 per bale salvage for all that has been landed at
freight.
The cargo
the last-mentioned
place.
ROCiidale, steamer (Br.), from Charleston, Dee. 8, for Sebastopol. The
mate of the steamer Rochdale 1ms arrived at Sherbrooke, Guys-
borough County, Nova Scotia, from ludiau Harbor Bay. and
reports that the Rochdale ran ashore, during thick, rainy weather,
at tho latter place on the morning of the 14th. The vessel’s cargo
consists of 3,926 bales Upland cotton. She will probably prove a
total wreck, as she lies in a bad position. ‘No lives frere lost.
Vidal Sala, steamer (Span.), from Savannah for Barcelona, broke lier
shaft while at sea, and was towed into Charleston on December L2.
It is said that her machinery will have to bo completely over¬
hauled, and she may be detained some time.
,
i’S;
Cotton
freights the past week have been as follows:
%
Satur.
Liverpool, steam d. B32® *4
sail...d.
Do
Havre, steam
Do
sail
c.
c.
Bremen, steam, .e.
sail
Do
a.
Hamburg, steam. J.
sail...d.
Do
•
•
•
sail...d.
Baltic, steam—d.
Do
*
Mon.
Tues.
Wed ties.
Thurs.
Fri.
B32® *4
532® *4
B32®*4
B32®j4
b32®'-4
•
•
1333*
....
••
1332*
....
....
....
...
....
•
....
m
*
....
•
l332*
l332*
62a32
•
71*
710
•
....
•
•
....
•
718
TI6
•••
•
•
•
....
•
L|2>91<3
1a/38i e
m
m
m
*
*332*
•
•
•
•
•
•
•
•
....
•
....
..
sail
c.
June-July
J uly-Aug
Dee.-Jau
.”.627., 2 Apr.-May
629'32 May-June
6»ig
June-July....
d.
6ll
y^18
...‘qijJJ
Monday.
Deo.-Jan
Jan.-Feb
Feb.-Mar
....61732
6»i6
■
Mar.-Apr. ,.6G1gg,2i32 l June-July.
Apr.-May
63332 1 July. Aug..
May-June
6\ |
/
.635,,
■«*£
Tuesday.
Jan.-Feb
Feb.-Mar
63s
Jan.-Feb
Mar.-Apr
Gio32
(|6ltt
Dcc.-Jan
.610
yio
62i?.>
62330
^16
April-May
May-Juno
Juno-July
63^
Jan.-Feb
62>32
6i31(,
G2i32
May-Juno.
.05*
.6»ifl
Mar.-Apr
Apr.-May
Deo.
Dec,-Jan
Feb.-Mar
38
30
....
•
3d
*8
....
•• •
•
•
•
3a
3d
....
Compressed.
Liverpool.—By cable from Liverpool, we have the following
stocks, &c., at that port:
statement of the week’s sales,
Nov. 25.
Bales of the 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 afloat
Of which American
Dec. 9.
Dee. 2.
70,000
75.000
5,300
7,700
4,500
8,200
57.060
Mar.-Apr
623,
June-July
16
'..'.'62733
Wednesday.
Dec.-Jan
Jan.-Feb
Mar.-Apr.
July-Aug
Dec.-Jau.
62732
61732
(?916
J line-J uly
[)ec-Jau..
6^8
62i32
Apr-May
May-J niio
6^t
June-July
Anc.-May
(>m;42
..(>11 :d
633 v>
Jan.-Feb
Feb.-Mar
May-J une
62r>37>
Mar.-Apr
Juuc-July
May-Juno
Dec.-Jan
..6 3*
| June-July..
May-June...
G25.,2 July-Aug
June-July.. t>2532©i3J6 I Mar.-Apr
Mar.-Apr
62332 I June-July
....
Feb.-Mar..
..
G2532
6*4
.611 id
623,2
Thursday.
6?j6
6ia32
02i32
O^xg
Jaiv-Feb
Feb.-Mar
Mar.-Apr
A nr .-May
-
627,,
6?8
gu,8
Qi3lfJ
Friday.
Jan.-Feb
G5*
July-Aug
Feb.-Mar^
Jan.-Feb....
Dcc.-Jan
Mav-Juue
0U1G
O*’. >2
62532
Oi'Jj,.
Mar.-Apr
67s
62i33
62732
Gi^g
6%
June-July
G2732
Dec.-Jan
6%
Mar.-Apr
Apr.-May
May-Juno
I Feb.-Mar
! Apr.-May
July*
‘ June
T
| July-Aug...
I Jan.-Feb
c.S33r>
613,7
67(j
6i6ts
6^S2;J3
breadstuff s.
Friday, P. M.. December 16, 1881.
The flour market,
when dealers are
usually dull at this season of the year,
disposed to reduce stocks, and exporters limit
operations, has been especially so in the past week. The
course of the grain markets has weakened confidence in the
future of values, and yet stocks and promised supplies are not
their
to sell. The turn of
of buyers, does not
show any material or general decline. Rye flour and corn
meal have been dull, but quotations are nominally unchanged.
Buckwheat flour has also been slightly depressed. To-day
large enough to promote any pressure
prices, therefore, while somewhat in favor
the whole market was dull
The wheat
and weak.
market has been quite
variable and unsettled.
....
...»
....
718
7I0
7I6
718
....
....
....
7I0
710
716
710
.
.
1332*
....
Amst’d’m, steam.e. *3®916
Do
GHi*
62 ?aa
Mar.-Apr
Apr.-May
we
loss.
Deliveru.
Mar.-April
158
-Included in the above totals are from Now York to Antwerp, 500 bales;
from New Orleans to Vera Cruz, 1,195 bales: from Charleston to Ams¬
Below
d.
May-Juno... 62 532 a 1 :i18
2,72b
;i so
158
Total... 65.698 13,621 13,022 13,300
i!
33,090
1,200
1,530
....
Baltimore..
B. Francisco
2,240
4,100
5,000
8,781
Delivery.
d.
Fob.-Mar
Total.
burg, lopol. enburg. Iona. Genoa.
839
5,*289
Delivery.
Jan.-Feb
-
Deo. 16.
53,000
3.400
4, LOO
39,56(,
48.500
3,8 Ov
16,009
9.800
8,000
487,000
'374,000
41.500
28,000
244,000
194,000
3.800
promote an advance in prices have been frequent,
not well sustained, and proved to have but
momentary results, giving a feverish, unsettled tone to the
market. The impression gains ground that farmers are hold¬
ing baek supplies to an extent seldom before known In this
country, and that receipts must eventually increase at the
Western markets after the holidays. Foreign advices have been
dull, and the West of Europe is evidently under no apprehen¬
sion of any deficiency in the supply of wheat, even if there
should be no increase of shipments from the Atlantic Coast of
North America. To-day the market was easier-—No. 2 red win¬
ter, $1 42% for January, $1 45)4 for February and $1 47J4 f°r
Efforts to
but they were
March.
Indian
corn
has varied but little,
and the regular trade
has
quiet. The speculation in futures, however, has at
quite active. There is rather more of yellow corn
8,900
435,00(7
456,000
offering, and this grade is lower; but white corn is still scarce,
391,000
350,000
327,000
140.00U
53,000
52.000
bringing extreme prices.
It is now pretty evident that
34,500
116,000
46,000
whatever may be the final out-turn of the crop of 1881, the
225,000
193,000
219,000
183.000
141.000
182,000
supplies for the next few months will be fully equal to the
wants of the market at current values. To-day prices were
The tone of the Liverpool market for spots and futures each day of the
week ending D3C. 16, and the dally closing prices of spot cotton, have
easier —No. 2 mixed 70c. for January and 72c. for February.
been as follows:
Rye has been drooping, full parcels of prime selling at 9<.
Wtdnes.
Friday.
Barley
lias also shown a downward tendency, and No*
Thursday.
Tuesday.
Saturday Monday.
Spot.
sold
Canada
at $1 09@110 per bu.f but generally there is fitta
Mod. inq.
Quiet
Quiet
Market, \
Firm.
and
Dull.
Steady.
and
freely
inclination among holders to press sales at the reduced values,
12:30 p.m J
steady.
supplied.
steady.
while the demand is very good.
6*18
6918
6*18
C»t«
Mid. Upl’ds
6918
6V
61*18
61*18
61*18
61*16
Mid. Orl’ns
61*18
61*18
Barley malt is nominally unchanged at last week’s values,
8.000
10,000
8,000
8,000
8,000
Sales.-.
6,000
but
choice Canada brought $1 30 and two-rowed State $ •
1,000
1.000
1,000
1,000
1,000
1,000
8pec.& exp.
Buckwheat is quoted at $1@1 02 per bush.
.
Future*.
Dull
Oats have declined materially under the extreme dulness 0
Market, \
Firm.
but
Steady.
Steady.
Steady.
Steady.
12:30p.m. j
the trade. The market was lower for white to-day, but mixe
steady.
about steady. No. 2 graded, 51c. for white and 49^c. 01
Market, \
Firm.
Firm.
Dull.
Steady.
Quiet.
Quiet.
5 p.m. J
mixed. The speculation in No. 2 mixed for future delivery w
The actual sales of futures at Liverpool for the same week are given
very active at 49%e. for January and 50/^c. for February*
below. These sales are on the basis of Uplands, Low Middling clause,
The following are closing quotations:
unless otherwise stated.
-
48,000
16,500
f
9.400
505,000
35 JOG.
been very
times been
1
it:
THE CHRONICLE.
Grain.
Flour.
No. 2
No. 2
City
shipping extras.
Southern, bakers’ and
family brands
South’u sli ip’g extras.
Bye flour, superfine..
Corn meal—
Western, Ac
£
8 50
6 90®
7 25
6 10®
5 75®
4 70®
7 25
6 25
5 10
®1 33
1 32 ® 1
1 30
®l
1 40% ®1
133
®1
00 ®
Red winter
Red winter, No.
White
Corn—West, mixed
West. No. 2
Western yellow.
Western white..
....
69%®
69
72
91
47
49
Rye
Oats—Mixed
White
37
43
42
70*2
70%
71
®
®
®
©
W
3 3.->® 3/5
Canada No 1...
1 09
Canada bright..
State, 4-rowed..
State, 2-rowed..
Buckwheat...
113
7c
98
51
52
®l
®l
®1
®
d1
95
80
1 00
Buckw-'t flour, 100lbs. 3 60® 3 90
(From the“ New York Produce Exchange Weekly.")
10
15
O )
85
02
Receipts of flour and grain, at “Western lake and river ports
F*' At—
Chioago
.
...
Flour,
Wheat,
Corn,
bbls.
(190 lbs.)
38,30 4
bush.
bush.
.
(60 lbs.)
188.009
1,095
60,324
56,620
185.160
34,365
(56 lbs.)
699,078
68,327
22.550
1 6,750
35,070
4,150
125,419
22.500
317,505
4,315
5,200
270,825
8,3i<3
3,401
Detroit....
,.
.
Oats,
Barley,
bush.
bush.
(32 lbs.)
326,651
16,633
45,750
15,197
‘22,400
8 4.102
111,350
Rye,
bush.
(48 lbs.) (56 lbs.
1S8.519 17.495
59
20.000
102,300 14.296
12,143
525
12,63)
750
8,87 6
14.100
121,868
16,400
Duluth.
Total.
Same time
..
144,198
602,647 1,417,035
’80. 181.912 1,818,260 1,948.718
628,083 474,185
56,101
591,483 422.550 71,347
receipts at same ports from Dec 27, 1880, to Dec. 10»
1881, inclusive, for four years :
Total
Flour.
.bbls.
Wheat
Com
Oats..
bush.
1880.
8,413,801
6,655,912
52,830,839
83,500,140
146.681,406
127,140,948
39,605,932
10.469,406
3,521,171
Barley
Rye
1879.
1881.
Total grain.... 233.568,296
37.858,150
9.337.231
6,647,439
5,572,509
95,894,486
87,269.3’4
90.841.6.i4
29,927.048
9,924.092
9,841.502
4.626,648
3,734.7^B
281,111.733
1878.
104,102,500
29,GOG.257
244.161293
for week ending Dec. 10,1881:
Flour,
Wheat,
From—
New York
4,904,143
222.GG9.291
Portland..
Montreal
Wheat
Corn
Oats
1881.
1880.
1879.
bbls.
3,295,650
3,^S6,530
2,903,590
2,575,350
bush.
23,407,416
56,237,834
14,152,318
50,550,416
58,999,158
19,830,738
55.540.601
38,243,283
12,634.190
53.262,325
38,337,542
16.255.927
6,478,118
2,521,784
7,031,548
2,342,399
7,402.665
2,714,107
6,793,211
841,834
102.797,470
136,754,259
116,534.846
115,493,869
Barley...........
Bye
Total grain...
Comparative shipments of flour and grain from the same
from Dec. 27,1880, to Dec. 10,1881, inclusive, for four
years:
1881.
Flour
Wheat
Com
bbls.
bush.
7,140,455
5,917.351
47,115.930
67,989,809
124,902,939
30,593.353
4,045,035
3,001,932
77,114,075
69,238.274
32,643,758
4,575,079
Barley
Bye
2,251,486
Total grain
1878.
5,613,240
107,674,640
Cats
1879.
1880.
8,266,876
83,513,501
78,19 7,239
20,999,072
21,239.983
5,179,673
3,698,927
5,441,118
3,995,078
230,533,066 199,082,914 172 ,554,$96
Kail shipments from Western lake and river ports for the
194.261,093
....
seeks ended:
1881.
Week
Dec. tO.
Flour
Wheat
...bush.
Corn
.
228,665
1880.
Week
Dec. 11.
1879
Week
Dec. 13.
Dec. I4.
197,322
160,056
156,^88
212,220
179,672
474,187
192,738
884,149
238,393
177,430
139,279
14,653
466,015
.
Oats
403,716
66,158
Barley
Rye
Total
Week
98,818
33,203
33.192
1,181,301
Kail and lake shipments from same ports
Flour,
ending—
dots.
Dec. 10. ..122,643
Dec.
3...121,031
Nov. 20... 109,819
Nov. 19. ..145,833
Wheat,
bush.
Oats,
bush.
1.131.821
1,322,200
1,127,499
1,533,170
546,790
619,517
1,453,904
for last four weeks:
bush.
305.275
,
869,623
Corn,
223,655
1878.
Week
Barley,
bush.
36'),536
265.993
168.705
189,117
191,410
130,338
150,371
405,416
Rye,
bilsh.
31,563
59,712
40.&58
66,96i
Oals,
bush.
Rye,
bush.
Peas
bush.
bush.'
229,504
218,085
1,768
33,11s
45,141
95
4,173
1,750
4.173
1.750
2 4,606
...
1,077
11,190
New Orleans..
56,000
33,435
315,517
31.836
33
Total for w’k 58,504
Same time ’80. 173,369
250
40,586
634.139
402.033
1,373,242
912,019
*
*2.113
3,608
28,000
The visible
supply 6f grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Dec. 10, 1881, was as
it the
follows:
In store at—
New York
Do. afloat (eat.)
Wheat,
Corn,
Oats,
bush.
bush.
bush.
5,592,279
759,000
Albany
1.500
682.366
Buffalo
Oliicairo
Milwaukee
Duluth
Toledo
Detroit
3.740,58
)
365.088
398,909
0.0 17,323;
760,090
3o. Louis
Boston
23 000
9,171
4:53,366
15,993
263,818
11,059
333.560
29,367
48,927
36,99 L
21,407
14,335
5,183,676
4,013
41 228
595,570
Montreal
161,275
Philadelphia.
31 1,802
Peoria
125,000
12,337
97,272
104.343
4,337
69,015
60.0 49
601,360
75.000
9r 0,000
40,000
70,052
10 9,073
6,014
28 4.456
2,631
12.834
33,936
21,553
162*923
9,351
172,685
174,893
311.600
69,800
17,00(k
Kansas Oity
Baltimore
Down Miss’pi
395,18 4
149,500
72,092
42,600
8,071
12,112
804,<562
104,58 5
30.19 4
837,883
1.815,417
469,306
2,020.752
On rail....*
Tot. Dec. 10,
Deo.
3, ’8 L
Nov. 26,’81
Nov. 19,’81
135
Nov. 12, ’81
Dee. 11,'89
28,673.491 15,757,056 3,316,749 2,963,914
GOODS
3.165.974 1 .253.216
3,339.027 1.399.000
2,914.319 1. 256,246
2.931.097 1,342.504
932,633
TRADE.
Friday, P. M., December 16, 1881.
The past week has developed very little change in the
tion of the dry goods trade. There was a continuation
condi¬
of the
quietness lately reported in commission and importing circles,
and the jobbing trade was less active than of late, retailers
having lessened their purchases of holiday goods.. Cotton and
woolen goods, shirts and drawers, etc., were, however, de¬
livered in fair quantities on account of former orders, and some
additional orders for spring fabrics were placed by leading
jobbers. The tone of the market continues firm, and stocks are
in remarkably good shape, no accumulations worthy of men¬
tion having arisen notwithstanding the limited demand prevail¬
ing for some weeks past. Reports from the interior indicate
that business is about as good as usual at this dull period of the
season, and collections are reported to be satisfactory in most
sections of the country.
Domestic Cotton Goods.—There was a strictly moderate
demand fur the most staple cotton goods at first hands, but
some fair orders were placed for white goods, piques, quilts,
skirtings afid other spring fabrics for future delivery, and
there was a steady movement in brown, bleached and colored
cottons, wide sheetings, cotton flannels. &c., in execution of
back orders, many of which are still unfilled. Prices are with¬
quotable change and generally firm on all such fabrics as
the market. Print cloths were in light demand and
easier, closing at 4c., less a small discount for 64x64 ” spots,”
out
govern
4c. flat for 64x64 “ futures to
March” and 3%@3 7-16c. for 56x
60s. Fancy prints were mostly
siderable business in shirting
quiet in first hands, but a con¬
prints was stimulated by time
inducements. Ginghams and cotton dress goods were almost
neglected, but the former are steadily * held at unchanged
prices.
Woolen Goods.--Transactions in woolen goods
chiefly restricted to making deliveries of spring
cassimeres, suitings, worsted coatings, &c.f on account of former
orders, and in this connection the movement was of very fair
proportions. Specialties in cloakings met with moderate sales,
but the general demand was comparatively light. Prices of
Atbush.
bush.
bush.
bush.
bush.
ibis.
clothing
woolens remain firm, and leading makes are under the
New York
101.966
263,030 368,954 123,896 79,200 48*062
Kentucky jeans were quiet in de¬
800 control of orders as a rule.
54,100 24,707
30,709 319,633
goston.
37,<FjQ
Portland
mand and satinets were lightly dealt in, but desirable makes
4,500
2,850
8,650
Montreal
400
500 are
8,246
5,900
2,950
steadily held. Colorea flannels and suiting flannels were
Philadelphia... 16,345
61,700
41,350 94,000
1,500
41,850
taken
in small parcels to a moderate amount, ana blankets were
Baltimore
23,000
223,000
liOOO
27,095
239,400
New Orleans... 16,211
19,410
mostly quiet, the mildness of the weather having checked their
220,508
distribution. Shirts and drawers continue to move steadily on
Total week... 209,739 575,380 1.,202,445
269,206 203,807 51>8G2 account of back
orders, but new business was strictly moderate*
Oor. week ’80.. 379,763 ,489,076 1 .,529,095
361,865 173,550 36,800
Shawls,
dress
goods
and carpets were severally quiet.
Total receipts at same ports from Dee. 27, 1880, to Dec. : 10,
Foreign Dry Goods were very quiet in first hands, with the
1881, inclusive, for four years:
exception of a few specialties in laces, embroideries, handker¬
1878.
1881.
1880.
1879.
Flour.
bbls.
12,058,375
10,692,681
10,675,447
9,386^365 chief, etc. (for the holiday trade), in which there was a moder¬
ate movement. Staple dress goods, silks, velvets, linen goods,
bush. 87,309,079 126,016,858 112,542,344 105,609^573
etc,
ruled quiet ana steady.
y)rn
100.590.801 135,892,738 101,843,862 101,103:325
Tot.,4 wks.499.379 ,1,730,237 5,164,999 1,249.355 633,531 189,100
4w’ka’80..867.803 2,350,119 4.587,818 1,993,032 413.156 231,711
Receipts
iijP of flour and grain at seaboard ports for the week
ended Dec. 10:
Barley,
Oats,
Com,
Wheat,
Flour,
Rye,
Domestic
have been
.
Oats.
26,035,894
S^ey
“T®*—
,
Total grain
....
5,346,317
2,066,367
221,348,958
22,658,176
5,620,794
21,249,641
2,707,440
4,609,048
291,890,006
296,300,447
6,055,552
23.700^134
6,0771059
5,222jl61
24l,TL2|252
Importations of JBIry Goods,
the Custom House the
figures of importations of dry goods at this port for the week,
ending December. 15.
We have been unable to procure from
I
|
1
!
•
i
j
\
.
13.376,127 18.817,521 2,820.015
19.816,284 20.634,056 2.912,136
20,614,386 22.407,097 3.271,731
21,057.857 124,372,782 3,659.795
DRY
,
33,000
187,000
’81.. 18,503.725 18.399,904 2.719.017 3.124 265 1 ,232,011
THE
\
i.
i
rudiauapolia
..
\
64.000
}
696.107
175,000
855.009
195.127
877,765
bush.
129.097
210.000
58.090
123.10?
27.127
195,000
8 42,401
Toronto
Rye,
bush.
.448,-39
1,017.563
Oswego
Barley,
09,325
460.000
188,000
367,468
221,969
1878.
ports
Corn,
bush.
3L.19 4
14,710
Philadelphia.
Comparative receipts (crop movement) at same ports from
August 1 to Dec. 10, inclusive for four years:
Flour
bbls.
41
Barley—
3 75® 3 85
Brandy * fine. Art....
$1 22
Spring
Spring, No. 2
3 75® 4 2j
superfine
44 70®
5 00
25® 4 75
Bpring superfine...... 5 00® 5 35
Bpring wheat extras.. 5 50® 6 50
do XX and XXX...
0 00® 0 50
Wis. &Micn. rye mix.
5 20® 5 60
Winter shipp’gextras.
5 75® 6 75
winter
Winter
do XX and XXX...
Patents
Exports from United States seaboard ports and from Montreal
Wheat-
spring..-P bpl. $3 35® 3 38
'
17, 1881.]
December
.
|
i
ESTABLISHED
Glazier, Kohn & Co.,
AMERICAN
FINANCE COMP’Y,
NASSAU ST., NEW YORK,
ST., PHILADELPHIA,
5 & 7
LIBRARY
CHICAGO.
BLOCK,
PORTLAND
Capital Slock, -
STOCKS AND
Ernest
INVESTMENT SECURITIES furnished
and Private Investors.
CAPITAL FURNISHED OR PROCURED for
Ttailroad Companies having lines under construc¬
tion, and their Bonds purchased or negotiated.
SOUND
FINANCIAL NEGOTIATIONS
Counties. Towns and Cities,
conducted for
and for Railroad
Companies and other Corporations.
WILL CONDUCT THE FINANCIAL RE-OR¬
GANIZATION of Railroad Compan'es and
Corporations whose property is in the
C.
50
MONROE,
EXCHANGE.
Otto C. Wierum.
Solicitor ami Attorney.
Practices in the District, Circuit and Supreme
Courts of the United States and of the State, in
all classes of cases. Has no other business, and de¬
votes his personal attention and all his time exclu¬
sively to his profession. Refers to Bank of Monroe.
Counselor,
Y. Stock Exchange.
Member of the N.
A
WASHINGTON, D. C
CO.,
&
Business Transacted.
bought and sold on commission for cash
Advances made
market rate.
approved collateral at
on
SECURITIES.
always in
desirable bonds
of
assortment
An
the
Deposits received subject to check at sight.
cent interest allowed on all daily balances.
4 per
Bos¬
Report is
Orders executed at London, San Francisco,
ton, Philadelphia and Baltimore Exchanges.
P. S.—My New York Weekly Financial
mailed free of charge on application,
*
J. Kimball
& Co.,
BROKERS,
R.
BANKERS AND
band.
Years’Membership in New York
Thirteen
Exchange.
R.J. Kimball,
ADDRESS:
Beasley & Co.,
Stock
A. B.Lounsbejiy, f. K. Ballard
Y. Stock Exchange.
BROADWAY, NEW YORK.
£6
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and
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Interest
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Max E. Sand,
69
8
No.
COMMERCIAL PAPER
balances.
Stock Exch’ge
commission—Government, Rail
and Miscellaneous Securities. Receive deposit*
subject to check, and allow Interest on balances.
H. Prentiss,
Geo.
No.
WALL
17
NEGOTIATED.
P. 0. BOX
STREET, NEW YORK.
STOCK
No.
80
BROKER,
BROADWAY, Rooms 37 «fc 38.
N. Y.,
Wire.
Connected by Private
ALL securities dealt in at
Exchange bought and sold on
ried on a fair margin.
the New York Stock
commission and car¬
INTEREST allowed on credit
George
Krooklyn Securities,
Gas
Jr.,
NEW
STREET,
YORK.
ings
BONDS
No.
33 NASSAU
Jackson & Co.,
Banks a specialty.
STREET, NEW
YORK.
Securities for cash or oa
made of Western Farm
Mortgages bearing from 7 to 10 per cent interest.
Will undertake the negotiation of loans upon
Western City property in large or small amounts.
Buy and sell Investment
commission. A specialty
S.
Bailey,
PINE STREET.
CONN.,
and
Sav¬
Correspondence solicited.
Stocks
Insurance
SPECIALTY.
Cash paid at once for the above
they win be sold on commission, at
IN.
sell Government, State, Municipal
Bonds and Stocks. Investments for
Stark & Co.,
BANKERS,
A
QUOTATIONS IN THIS PAPER.
Buy and
John F. Stark.
Dealings in
SECURITIES
MIDDLETOWN,
Railroad
Fisk & Hatch.
.
George
KINDS OF
DEALT
City Bonds.
Stocks, Arc.,
NEW
BROOKLYN
C. E.
BROKERS,
AND
Stark.
SECURITIES,
AND ALL
SEE GAS
cK&nbatt,
WALL STREET,
No. 31
7
RAILROAD STOCKS AND
balances.
N. T. Beers,
1
STREET
Office, Troy,
Branch
No.
GAS
Wm. B. Kendall.
Exch.
cKcU'cfii Sc
E.
GAS STOCKS
Boardman,
NEW YORK
3413.
AND
Lansdale
STREET,
CEDAR
70
Refer to Messrs.
STREET, NEW YORK.
sell—on
IN UNCURRENT
BROKER
INVESTMENTS,
BANKERS
Lloyd St McKean,
SOLD ON
COMMISSION.
on
Securities.
Specialty.
Member of N. Y.
Buy and
Deposits received and interest
W. C. McKean
P. Lloyd.
34 WALL
York.
BONDS BOUGHT AND
Securities a
Securities dealt in
New York Mining
allowed
sell on commission all
New York Stock and the
Exchanges.
Wm. d. Hatch,
Member N. Y. Stock
KINDS OF
and Investment
Southern
O.
way
BROKERS,
Wall Street, New
STOCKS AND
Railroad
JOHN' SlCKELS.
Exch.
BANKERS AND
54
DEALER IN ALL
New York.
Buy and
at the
COMMISSION
NEW YORK
STREET,
WALL
BROKERS,
BANKERS AND
James Kitchen,
Borg,
Simon
H. B. Bacok
S. Clark
Clark & Bacon,
burrow a <4
p
.X’ K* \Vi shire
W. M. \Y ILSHIRB.
Ex.
BROKERS,
74 BROADWAY, NEW YORK,
WEST THIRD ST., CINCINNATI,
Member N. Y. Stock
Brothers & Co.,
Sand
Alex.
BANKERS AND
Joseph
DEPOSITS, subject to check.
and New Haven.
Cecil,Zimmerman & Co.
Purchase and sell on
paid on
64 BROADWAY, NEW YORK,
(Branch Office, ISO Fifth Avenue).
All classes of Railway and Mining Stocks bought
and sold on Commission.
Private Telegraph Wires to Philadelphia, Wilming¬
ton, Baltimore, Washington, Boston, Bridgeport
So
CINCINNATI. O.:
w-
•
Whitely,
3 Pine Street,
Members of N.
A. W.
AND BROKERS,
N~W YORK.
BROADWAY,
Prince &
Street, New Yoik.
25 Nassau
No.
Correspondence solicited.
Walker,
D. Prince, Jas. Whitely, H. Cruger Oaklky
Maynard C. Eyre.
Harry C. Logan,
W. R. Travers, Special Partner.
General Banking
Securities
or on margin.
W. N. WALKBR
Buy and Sell on Commission, for cash or oa mar¬
gin, all Securities dealt in at the New York Stock
Exchange.
Interest allowed on daily balances
Particular attention paid to orders by mail or tele¬
graph.
J
Branch Office :
BATEMAN
LOUISIANA.
YORK.
Exchange.'
Rutter &
No. 80
STREET,
OR 27 WALL
NEW
Farmer,
INVESTMENT
C. M. RUTTER,
Member of N. Y. Stock
Trowbridge,
BROKER,
BROAD
No. 5
Y. Stock Exchange.
Member of N.
BANKER AND
SHORT. President.
C. NEW, Vice-President.
WM. P. WATSON, Sec’y and Treas.
JOHN
Y. Stock Exchange
Member of N.
EDMUND P. SCHMIDT,
BANKERS
E.
our
BROADWAY & No. 13 NEW ST.,
CORNELIUS W. OLLIFFE,
in Railroad Stocks and Ronds,
F.
issued weekly to
BROKERS FOR THE PURCHASE AND
SALE OF RAILROAD SECURITIES.
GOVERNMENTS <Sc FOREIGN
information furnished on ap¬
W. W.
YORK.
EXCHANGE PLACE,
Exchange.
conducted in the
Bonds on Margin
OllilTe & Schmidt,
Randall & Wierum,
Chas. K. Randall,
Member N. Y. Stock
JOHN
for investment.
Complete Financial Report
correspondents
or
No. 72
STREET, NEW
WALL
15
STOCK EXCHANGE,
strictly commission business
purchase and sale of Stocks and
BROKERS,
ITIES on Commission.
WILL BUY OR SELL
plication.
MEMBERS OF THE N. Y
A
Groesbeck,
grant B. Schley,
Members N. Y. Stock Exchange
Brokers
DEFAULTED BONDS or
interest-paying investments.
AND SOLD ON
COMMISSION.
BOYDS,
AND
STOCKS
Groesbeck & Schley,
No.
BROAD ST., NEW YORK,
No. 24
NEW STREET,
BONDS BOUGHT
other
hands of
Receivers or Trustees.
WILL BUY AND SELL INVESTMENT SECUR¬
.convert them into
Circulars and other
Coleman Benedict & Co.
NEW YORK.
to Corporate
8tates,
BROADWAY AND 19
06
1864.
AND BROKERS,
BANKERS
$1,000,000
-
-
Financial.
Financial.
Financial.
434
[VOL. XXXIII.
CHRONICLE.
THE
698
P. W.
Securities; or
seller s option-
Gallaudet & Co.,
BANKERS,
UNITED BANK
BUILDING,
BROADWAY.
PAPER.
Stocks and Bonds bought and sold on commission
STREET, COR.
STOCKS, BONDS & COMMERCIAL
WALL
at N. Y. Stock Exchange.
Advances made on
business paper
securities.
.
ther
ana orue*
@FedFRASER