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xtmtk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTma THE INDUSTRDVL AND COMMSaCIAL INTERESTS OP
VOL.
SATURDAY, DECEMBER
41.
CONTENTS
ings arising through other biuiness
THE chronicm:.
Clearing-iroiiso Returns
The Financial Situation
Wliiit the Trunk XAnea Have
Brltisli
Central Statement. 709
Politics— riie Prospcots
of Parties
710
703 Monetary and Commercial
Trailp Dor ressloii «"'' Its Cause 706
EuKlieh News
711
RHilroiid Dlvidonils for 18S5
Coiumoruial and Miscolianeoua
and Other Years
News
713
707
Lost
ill
Two
WA mnamt
Yours
1880.
THE BANKERS' GAZETTE.
change, U.S. Securities, State
and Railroad Bonds and
Stocks
715
Range in Prices at the N. Y.
Stock Exohance
716
THE COMMERCIAL
Commercial Epitome
723
723
I
Dry Goods
two
-UU-4
(+57-5)
ino.
PtrCmt
+9W
*749,18a307
(1.WI63B9I
.+107)
(088,800)
(1.000.900)
(-4TS)
(880,4001
(-47*
(41,006,000)
(88.869,717)
(-H4-5)
(44,916,000)
(«o,sge,aoo)
(80,000,000)
(-f«l-l)
(•i.aoo.0001
l8i,lW,9e4
5.sao,mo
»7I,«9l),019
-t-iri
I013O6.ON
799*4
4,509,200
-t«-4
1,4S0,T4S
ProTldenoe.-
728
729
BreadstuiTs
{PM-Oml.
fS58.994J781
(2,836.880)
TIMES,
I
this year,
in (he
WMk mnMm§ Dm, S.
nte. IS.
1884.
tTBI.UO.'ISl
QuotatiousofStooksandBonds 717 SoJmo/Local Securities
718
(Sfoc*».. ..«?><«•«.)
Railroad Earnings
710
(Cotton.... halM.)
Investment and Railroad In(Gro«n...»u»)i«tj)
telligence
720
iPetnUwn..tM:)
Uoney Market, Foreign Ex-
$t'2U,3fJ,421
is
and $437,441,835 respectively
preceding years, or a gain over last year of 43 per cent and
over 1883 of 0-04 per cent. Oar usual table is as follows:
New York
703
704
NO. 1,069
19, 1885.
again8t'.|803,604,373
8TATM
UNITID
THB5
6387.600
I.7a03«»
1.061478
+ir»
a301.401)
+»8
9113**
7«S,SU
H4-9
870,104
780,907
669,481
-1-3912
887J»I
SprlnKfleld
9(8,036
i!oa,9ie
68ej»43
467,978
-(-9-«
Lowell
The Commercial and Financial Chronicle is published in
yew York enery Saturday morning,
i Entered at the Post OlUce, New York, N. Y., as second class maU matter.
1,889,874
Portland
Woreest^r
Ootlon
•fro
461374
-fO^
t9«,20S,0?T
180398.908
-1-17^
•101,759.181
-^9l•»
189,878,708
7,1ST,86S
11,787,101
$49,414,600
+94-7
tjniJKO
-H)-7
11,567.069
-t-i-o
18396307
(71,740,864
fei,0«0,948
-uro
•M,798300
IS2.4S7.593
0.774,100
4,006,698
•49.306.417
9,881,100
3.817,817
-W4
|<l*,S90,4aB
-t-t-s
B3903M
fra
5,098371
4Wr»
2.8Kjn9
9,475389
-I-15-9
S378,U»
-f***
l,700,(«e
1,497,609
-H8-9
V7943M
2.391.933
2, n 1.451
-t-ri
9397397
1368,851
701,974
-t-u-s
1.7683B8
-HO-B
840,681
-I-1-3
1.997,348
-f43-l.
a.M)83«e
3306.986
-t-M-e
Total N. Ensland
Philadelphia
PltUbnrg
]
Baltimore
Terms of Subscription—Payable in Adrance:
^
ipiO
For One Year (Inoluding postage)
A»
For Six Months
6
11
European Sutisorlptlon (including postage)
£2
Annual subscription In London (Including postage)
do
iSl
do
do
BbcMos.
These prices Include the Isvkstobs' Scpplembnt, issued once
months, and fiimished without extra charge to subscribers
CnnosicLE.
Total Middle....
20
10
Chicago
28
7s,
Milwaukee
8s.
Detroit
Indianapolis
In two
of the
Cleveland
1.888,406
Subscriptions will bo continued until definitely ordered stopped. The
publisher."! cannot be responsible for remittances unless made by Drafts
or Post Ollice Money Orders.
A neat file cover is furnished at 50 cents postage on the same Is 18
oents. Volumes bound for subscribers at $1 00.
Peoria
Omaha.,..
Denver*
;
Offices In
775,009
9.857.698
with Messrs.
Edwards
soriplions
single copies of the piiper supplied at Is. each.
The otlicc of the Chronicle In Liverpool is atB15,
WILLIAM B. n\IIA.
JOHN O. FLOVD.
WIIjLI.t.I*I B.
TO
Sc
DANA
LontsTlIle
Exchange Buildings.
EaniaaCltr
Kemphli.
Galveston'
Co., Pnbllahers,
Street,
YOKK.
Sc
NKW
81 William
Posr Ot'Fioii Box 958.
Total
per cent.
The increase in the volume of clearings at New York during
the week is due entirely to increased activity on the Stock
Exchange. Compared with the corresponding week of 1S84
the New York total exhibits an excess of 34-4 per cent, but
with the like i«riod in 1883 there is a loss of two- tenths of one
The market value of the shares sold on the
per cent.
,
18,043389
4.146.181
-H«-8
3.96(1.510
t4I.051.196
t«.079,8S»
•0.704314
ll.045.5B.<l.443
all
Nut
*
liicludeu
+ir«
HO-6
8380381
nn
6,«»l,«79
-84-7
40,778.770
9,108.19*
9380.488
.y...
I40.19B391
4*8
-ro
•18.e89.M7
flI-9
t898.««8.ae»
-(-96-9
•l,0a«,4«i,M8
|«IM.7U»,««fl
OnbiMn New Vork
tlip
+n-i
t*4iMM8t
+«»t
-^l«
m tui.il.
for the five days, as received by
telegraph this evening, indicate an improvement over the same
period of last week, the increase in the aggregate being
$.'51,368,967.
In compari8.m with the five days of 1884 there
is a gain of 33-3 per <»>nt in the whole country, and outside
of New York the excess readies 14'8 per cent.
The returns of exchanges
;
.
-m-o
9,190,933
aanfianolMO
necT appro.ifhof the lioliday season and the
conseq;!P;,c II .u:il .slackening of biibiaess in many of ilie wholesale branches of trade, exchanges exhibit some falling ofif the
decline in comparison with the previous week is not heavy,
however, reaching only $40,900,325, and is shared in at all
points except New York, Worcester and Lowell, the greater
portion of the decrease being furnished by Boston, Philadelphia and Chicago. The present statement is, therefore, a
quite favorable one, and, contrasted with the corresponding
period of 1834, records an increase of 26-9 per cent, against an
excess on December 5 of 33-7 percent. In comparison with
the same week of 1883 there is a loss of only one-tenth of one
to
-K6-4
-fM-t
•18,447,700
871,100
14306,796
-(8-»
Ibl .904,987
-i-8-9
1.649.184
S.338.0SS
Total Bonthem..
CLUARTNG HOUSS RETURNS.
Owing
-prs
I16.674.4S1
S.001.eS4
<fc
179.717.336
19,638,689
4.8il.4T7
Commkrcial and Financiai, Chrontolb in London
Smith. 1 Drapers' Gardens, E. C. where subNew Orleans
and advertisements will be taken at the regtilar rates, and
Tlie office of the
Is
+««
t78.368.6>7
Lonia
Bt.
+tn
8^000310
tiA,06a,99e
867,860
Total Western...
England.
f*0
i
I
J>lr«
IMvt Sndbtt Die.
ist«.
1884.
18,
P«r Gmt.
yw\
7l.60a.71l
-MM
-(TO
43.<M3«a
+»1*
10.076.081
-i-it-s
Mooaot
8S.'R930e
19.081317
-fl4 8
(l,«64.lll8l
(-f71-0)
87.075.710
49.68X396
tll,B8ll,n70
44,451.000
19.480.289
11.118.715
8t.Loulii
New Orlawu
0.490.006
+
•(iie.ii9S.7ai
44311.000
I8.48M.9W
10,9««3U>
-f«
17-1
+80^
»WS.23S.(»t9
6»,lW7.20e
•047307.994
«»,a8B3*9
-f»4-9
18111.911386
+iri
oa3aT3«
t08)t3ia30I
f«M.9903W
Tor* -itf8.8M,«7S
4190.00734%
•»«.
Tu-a"
ToUl...._
Hatanee, rouniry*
Total aU
Exchange reaches $160,914,000, against |12S,19.),000 in 1834
and $10:1,013,000 in 1883. After deducting double the values OaUMe New
from the total, the amount which remains to represent clear-
rarCkiM
-wre
(•MTB
(834)>,889l
Phllftdelphto
imo.
(>3aa.4i«
+4IM
•47e33S30«
4.>.8t«311
Torii
SaU* nf SUkH {»h».)
•676.6^8.298
71.^316
N«w
BD^«M-f OK.IU
ha
l>a.<ll>
of Ul< iMt
weaUr retorat.
«arn3«MM
-i-SfrS
•JtUieUtti
till
t Partlrertl Baled.
THE CHHOMCLE.
704
rVoL. XLJ.
1885, are nearly 13 millions less
THE FINANCIAL SITUATION.
11:J^
Loanable funds continue to increase and the money
market to grow easier. Bankers' balances have averaged
not over 2 per cent
extremes.
offering
week, with
this
1^ and 2^ as the
and
are
Capitalists, estates
money
at
in rates, at least until
freely
any permanent improveafter the first of January dis-
;
interior markets also
show
signs of an overabundant
supply of funds, and the surplus is gravitating towards
The demand for crop purposes, and even for
this centre.
though we cannot
them
i<ive
stated ia bustels in the table; of o
nearly
I
)tti}Q,
Wheat
November
all.
the
export was over a hundred thou3i,Qd bales less than last
year, notwithstanding the crop
is
raiicn Ur-t»Hr.
EXPORTS OF BREADSTBFFS, COTTON AND P-.TKOl.KUM.
Exports
from
U. S.
5 UontM.
Wheat.bush.
2,553,404
618,288
16,804,060
3,1K5,830
7,609.1H1
Klour...bbl&.
Wli eat. bush.
Corn. .bush.
?,S35.700
31,185,250
10,856, 1'-B
8,803,8»5
18,166,583
Total busb..
8,1SU,5U5
Valuea.
34.g34,06»
3,465,423
B0,765,5.1(;
10,463,110
8,631,Bl-.;
2,815,039
50,628,478
22,980,356
12,70^,076
69,397,142
13,278,118
73,508,S28-
t
9.551.532
»
$
57, IDS. 791
12,4.55,815
58.278,404
1,0'»7,.141
5,471.8-«i
1,705,21)0
14,109,037
895,724
61.925
39,4J7
1,955,755
35
8.7B1J,
i-J
«
6.183,217
1,532,CW5
30,642,675
10,063,846
88.307
253.192
1,400,164
419,572
14,034
2,000,717
76,248
147,.S(i7
1,021.081.
7,148.888
42,880,51)3
1I,050,^0^
'.OlVi
14,718,121
74,883,289
6408,811
38,7aS.265
7.28,1,1 ;1
4'.,Ko4,:<;H
9,-89,182
32,9 9,78rt
Pr' .visions
76,161,827
39,872. »S5
84,587,115
32.810,155
51,547,001
72,960,602
3,483.171
22,598,770
4,349.493
•/3.\0.i,Ts6
4,212.298
..
Cotton
Petrol 'm, Ac.
Total.
A
6,775,437
819,483
4,'^,&34,«l^
721,655
t
;
and on Thursday the Bank minimum was raised to 4
per cent against 3, at which it has stood since November
Yesterday the open market rate was reported at 3^
12.
per cent. Judging from this advance in the outside rate,
5 Xontht.
1,845..^'
wilt & flour
cent,
\ovember.
QuantitUa.
pork packing, seems for the present to be at an end.
Com Ameal.
In London, discounts early in the week of 60 days' and Bve
OatB & meal.
3 months' bills were quoted at 2|- per cent, against 2| at Barley
the close of last week later there was an advance to 3 per Breadstuffs..
we may presume
off,
an
lu ISSt,
lanr.itiesaUis^iow a very
of
bursements shall have been made and we have entered
then, if business improves, some
well upon the new year
outlet for the accumulations of idle capital will be found.
The
IS
about thirty days,
\\@'i per cent for
there being no expectation
ment
institutions
large falling
vwi
Q
millions less than in 1883.
10.411
of
fact
03.33
62,555,501 213,O.M,U28
49,950,6861178,434,464
..
2.^1,
considerable interest,
been operaiiug some attention,
404,855
187,238
21,627,467
221,018.359-
which Las attracted
that notwithstanding the comparatively
Bank has again
England has shown no new high rates for exchange, there have lately been in progress
and speculation is dormant. The advance in the mini- unusually large imports of forei>jn gold, mostly from
life
mum is of course made solely for the purpose of arresting Germany, but in part from Prance. About a million
the drain of gold to the Continent, and particularly to dollars have come in this week, and about six millions or
Germany, which has been almost uninterrupted for the more within six weeks. The t^xplanition given is, that
months.
We should suppose, in the the coin is in transit for the West Indies and the French
three
past
present condition of business, that it would be difficult to colonies, and that it goes through ttiis port, because it is
keep the open market in accord with the Bank still it more profitable thus to ship it. The movement is not an
must be remembered taat the stock of bullion held is now exchange operation in any sense, b ith sterling and francs
that the
is
in the open market, as trade in
;
the smallest of the year, only about
20^ million pounds having been
Bank cannot afford to let it get much
not hesitate to make a further advance if
sterling, so that the
lower, and will
the present rate does not effect the object.
This fear and
in the
the time
high to admit of
too
not at
all
but
is
Some
of
it,
uuueual.
this gold has already left the purt for lis destination, there
week
being one shipment this
;
other amounts
may b©
expected to go forward within the nt^xt few weeks.
imcertainty would naturally affect the open market.
The advance above noted
all
strictly a business transaction,
Bank minimum caused
As an
indication of the changes wtiic'i have been taking
some trades during the past few months, we have
but in the afternoon of Thursday there was a further ad- this week the coal figures for November, prepared by Mr.
vance in both classes of bills to 4 85 for 60 days, and 4 88^ John H, Jones, the accountant of the companies. Five
for Bight, and yesterday still another advance, to 4 85.V and months ago it seemed almost certain that the allotment
4 89 respectively. There is still a complaint of a scarcity for the year would have to be reduced, but now it appears
of commercial drafts, while the investment demand for that the total production for the eleven months has
sterling is increasing.
The situation in both of these par- reached 28,626,704 tons, or 539,148 tons in excess of that
ticulars is natural. So long as the silver uncertainty over- for the corresponding period in 1884.
Hence, if during
hangs the country, any security which keeps funds in a December the companies should mine no more than the
a rise in foreign exchange here to 4 88 for short sterling,
condition to secure gold
if
the
necessity arises, will find
while on the other hand, commercial drafts cannot
be abundant so long as our speculations in breadstaffs and
favor
;
place in
allotment for that month,
2,
—
100,000 tons
in all other re:
cent months they e.xcesded the allotment, in October as
much as 300,000 tons, although the allotment that month
and when the prices of these articles get was 3^ million tons the output for the year would be
as low as they are now, it is very difficult to forecast the 30,726,704 tons.
The year's allotment was only thirty
cotton continue
—
;
future of such speculations.
supplies which are piling
It
may
up rapidly
be that tUe visiole
will get too
heavy
to
millions,
to
million for
which was
fighting
the
subsequently
added
an
extra
bituminous coal producers and
and that our accumulations will go out like a flood recovering the market from them. The allowance for
That is the danger. But when articles December being small, it is likely that the actual output
like cotton and wheat fall so evidently below the cost of will exceed it, and thus the probability is that the end of
production, the strugaile will be prolonged and endurance the year will find not only the 31 millions mined, but more
tried to the utmost. How it is that Southern and Western too, perhaps.
Moreover and that is the most striking
hold,
at ruinous rates.
m
Congress can see their constituents suf
fering so terribly without having their eyes opened is very
representatives
feature of the figures
—
—the
increased production was
met
apparently by an even heavier increase in the demand, for
But we have remarked upon these subjects m ttiough, as said above, the output for the eleven months
To illustrate the effect of the was 539,148 tons in excess of a year ago, stocks at tide
speculations upon oar foreign exchange market, we have water shipping points
on December 1, 1885, were actusurprising.
a subsequent column.
prepared the following statement of exports of breadstuffs,
provisions, cotton,
of Statistics'
&a,
for
figures for
three years, from the Bureau
November, issued
will be noticed that the total values
this week.
It
exported November,
ally less
than at the same date of 1884, being only 670,40S
tons now, against 712,392
tons then, while at the beginning of 1885 they had been 126,351 tons greater than
in the previous year.
In other words, the amount
.
Decxhbkr
THE CHRONICLE
19, 1886.]
that went into consumption,
705
or disappeared from sight,
on the upward movtoiMt of lb* raad't aMWiliti. OtWr
increased during the eleven months 707, 188 tons over the rumon have affected spMitl propcrtltt,
bat nothlof of
The change, however, has been in pro- moment has developed, the market doting yMt«r'!av nal^
months; and to show the strong.
results for this period and for November alone, distinct
The tiovernmflot U^id market baa bMn activo aod
from the results for the eleven months, we have prepared higher this week, as is usual at this Maaoa of tba year,
preceding year.
gress only during the last three
the following statement.
Nnvtmbtr.
A'.,i..
Jan.
80.
I
to .Von. 80.
AnlhraciU Coat.
1884.
188S.
bORlnnlng
Tmt.
eai.tie
of period
s,ST«,iie
Production
8tMClc
SaDply
8t'k
end of period
CODBumption
. .
made for ta.x purpose^ and the supply on
the market has been insufllcient to meet the demand.
The following table exhibits the receipu and ibipmenta of
purohaaea being
Sept. I In
I88S.
Ibiu.
7S1,810
TbiM.
3,oai,tl33
188i.
1886.
Toti*.
7^.«».
1884.
I
71ni«.
I
88B,TIB
874.881
74N.8S0
«88,7»Ji
8,778.aT8 S8.«9«,704 «8,aM7.0<)a
3,W0.738| 3.813.788 ii.oee,M8
fl70.403f
712.a(«
670.403
9,«98,M8 <8,S01,88fi 88,^15.888
.s.aro.saoi s.101.371
aw.aoi
gold and currency by the
week.
10.4t8.S4A
711i.3M
670,403,
88,880.ae« a8.m8.494
down over 300,000
tons, to
670,403
dunog
banka
ibo
KlimtHtr
Ore, 18, ISBS.
K. r. BMte.
TliJ.SM
Thus during these three months stocks which on
September 1 had reached the extraordinary total of
988,782 tons, were cut
ITmH MUUfif
New York
Oamnoy
OoM
jr.
r. simta.
I08I.0M
Oaln..
l»M.OQa
o««ii..
laojaM
wtjm
ToUlirol<ludl«ralUnd«n..
The above shows
..
•MIMO
tmiMo
the actual changes in the bank hold-
ings of gold and currency caused by this movement to and
same time the production was 10,100,466
from the interior. In addition to that movement the banka
tons, or 1,327,188 tons more than in 1884, the consumption
have gained $1,500,000 through the operations of the Subduring this period amounting to 10,418,845 tons, against
ton?, while at the
Adding that item to the above, we have the
which should indicate the total gain to the New
the increase for the eleven months is less than threeYork Clearing House banks of gold and currency for the
quarters of a million, it follows that in the first eight
week covered by the bank statement to be issued to-day.
months consumption must have fallen about three-quarters
of a million below 1884, and this illustrates the great
Week etMnt Dec. 18, 1889.
Ottta/Smka. Net dumitim
Sunk HodHiits.
improvement that has occurred since. It would seem,
Banka' Interior MoToment, as abore
tWl.OOO Gain.
t981,000
100.000
however, that the increase in these three months has been Snb-Treaaurr operations
R.900,000
S.000,000
Ualn. l.r,O0.000
the same ratio.
In part
too decided to be continued in
Total gold and legal tenders.
$7.481.000
t5,HBl,000
Gain. 1.S80.0DO
8,946,601 tons, an increase of nearly lA million tons.
As
Treasury.
following,
is due to the slight revival in trade
and the greater number of iron furnaces in blast, but in
part also it was doubtless exceptional, caused by the
withholding of purchases by dealers_till later in the season
with the idea that then the large production provided by
the combination would cause trouble and lower prices.
The stock market has been variable all the week. Some
incidents of an unfavorable nature have transpired, which
the improvement
have been used
to
The Bank
England return for the week shows a
This represents £90,498 drawn
from the interior and £1 76,000 net shipped abroad, of which
£50,000 went to Halifax. The Bank of France reports a
gain of 1,025,000 francs gold-and a loss of 178,000 francs
silver.
The following indicates the amount of bullion
in the principal European banks this week and at the
loss of
of
£85,502
bullion.
corresponding date
last year.
temporarily depress prices; but the
Dee.l9, 1884.
oversold condition of the market and the strong under,
Pee. 17, 1885.
tone prevailing have prevented any important decline.
The speculators who attacked the Vanderbilts on varigus
eold.
Silver.
fMd.
X
a
a
20,938,517
20.863.1C7]
46,602,786|43,e23.262 40,703,560 41.311,594
7.906,2S7;23,718,713 6,725,000 20.175,000
week and who freely sold the grangers on Bulk of England
Bank of France
what they regarded as good evidence of unloading by the Bank of Oenuany
pretexts last
cliques,
found so much
difiBculty in
that there was quite a covering
The Southwesterns, and
borrowing the stocks
movement on Wednesday.
particularly the Texas
&
75.072,130 tt7,311,976 68,367,077 61,486,594
7."),1 16,658 67.319'.079 ri8.691,«7« 62.066,170
Total this week
Total prevloua weak
Pacifies,
The Assay Office paid $307,526 through the Sub-Treaswere depressed early in the
ury for domestic bullion during the week, and the Assistreport, which was subsequently confirmed, that the latter ant Treasurer received the following from the Custom
road would be placed in the hands of a receiver. The House.
application for receivers appears to have been made on the
OontUting
week by a
revival of the
of—
protested note for $1,600,000 given the Missouri Pacific
by the Texas & Pacific, said to be for advances. This is
same procedure adopted in the
Wabash case, in which the attempt was made to have
That effort
receivers' certificates issued to pay the notes.
almost
failed,
precisely
but
tho
we notice that
in the reorganization of
general mortgage bonds to
the amount
of
3i-
Wabash
millions are
to be issued to cover those notes with a preference in the
interest, which it is expected will make them
Since the appointment of receivers for the Texas
Pacific, Missouri Pacific has been advanced sharply,
matter of
good.
&
DuKat.
Dale,
Sold.
«263,066
309,680
340,980
709,735
364,525
533,755
Deo. 11.
" 12.
" 14.
" 15.
" 16.
"
$3,000
06
83
1,000
6,000
9,500
2,000
3,000
$2,521,744 62
$24,500
17
Total.
98
76
33
74
V.8.
Sold
Silver Oer-
NoltM.
OerH/Uf:
UfleaU*.
$145,000
179,000
178,000
428,000
203,000
341,000
$12,000
3W.00O
42,000
84.000
41,000
43,000
$727,000 $1,472,000
$290,000
$72,000
90,000
115,000
183,000
119,000
145,000
Included in thejabove payments was
$9,500 in silver
coin, chiefly standard dollars.
HAVE
LOST IN
LINES
THE
Texas has also been active and strong.
YEARS.
The natural conclusion from this apparent buying is that
We wonder how many appreciate what large figures
some one wants those stocks, but we have not been a»ble to
think one has to deal with in studying the income of our fottr
One would
discover who it is, or for what purpose.
Pennsylthat Texas & Pacific would furnish the public experience leading trunk lines— the Erie, the Central, the
The Northern Pacifies vania and the Baltimore & Ohio. Even the amount ib
enough in that line for the present.
have been favorably affected by the report that negotia- which that income has been reduced during the last two
is A
tions were pending for the sale of a large amount of the years by the peculiar conditions that have prevailed,
while Kansas
company's land.
L
WHAT
&
This has been denied but without effect
very large sum.
TRUNK
TWO
The sUtement
of
the Central
for the
G
.
.
.
THE CHRONICLE.
706
year ended September 30 has this week been made
public, and we have previously had the returns of the Erie
and the Baltimore & Ohio for the same year. The Penn-
[Vol. XLI.
TRADE DEPRESSION AND ITS CA USE.
fiscal
This week the cable announces that cotton touched 5d.
making per pound at Liverpool (the lowest price since 1855), that
and ex- wheat averaged in England 30s. 5d. per quarter (a price
it up for that period from the monthly exhibits,
reached last year, but never before within the century,
tending the comparison on all the roads back for a number
we believe), that the quotation for bar silver in London
years, here is the interesting result we get. We should
Bylvania year does not end with September; but,
of
say that in the case of the Erie, in order to have the same
basis of comparison for all the years, the leased New York
Pennsylvania & Obio road is excluded from the figures.
1881-82.
18TO-80.
Painxylv.—
15,405,444
Barnlngs..
40,358.679
43,884.696
47,138,7;5
Expenses.
83,387,912
86,280,168
29,510,617
51,081,955
32,180,482
49,588.486
30,766,622
29,686,831
16,970,737
17.604,528
17,023,088
18,804,473
18,801.814
16.718,813
Net
ir.T.Omt.-
declined to 46|^d. per ounce.
below cost of production,
These are
silver
as
all
well
losing prices,
wheat, and
as
We
do not mean to be understood that no man in the United States produces cotton
at a cost which will permit him to lay it down in Livercotton as surely as either.
make money, but simply
pool at 5d. and
planter does not and cannot do
wheat
are mines in the
there
;
that the average
So of
it.
silver
West and
and so of
fields in
21,428,441
17,819,313
16,819 872
11,232.807
13,020,128
10,299,356
the
17,849.8941
Expenses.
Net
Erit'-
that might clear the producer at even lower quota-
but neither industry can sustain
8,110,069
30,628,781
19,464,786
12,883.810
33.175,918
West
tions,
28,148,869
19,.195,974
33,770.722
20,750.594
82,348,386
15,326,019
BarninKB..
market
Barnlnsrs.
18.693.108
20,715,605
19,975,774
15,480,468
11,643,926
13,256,230
13,088,093
20,599,572
13,578,700
17,618,878
Expenses.
12,069,838
10,863,579
7,049.183
7,459,3751
6,887,681
7,019,872
5,549,638
4,826,877
18.383.875
11.390,478; 10.929,213
19,739,838
19,436,608
18,016,612
11,031.015
11,878,307
10,973,585
7,454.662
8.705,823
7,700,301
5,013,057
Net
Sa1t,&0.£arnlag8..
18.817.740
Expenses.
10,380.770
Net
loUaofAll-
7,986,970
18,483,877
7,073,398
110,545.440 116,412,574 116,122,145 125,184,087 111,792,889 101,941,083
Expenses. 63,212.531 70,381,663 72,923,9271 77,513,791, 72,381,580] 67,843,367
Earnlngs.
47,332,909 45,020,911 43,188,2181 47,650,298
Net
Not inclnding Pennsylvania & Ohio leased line.
42,411,108
34.298.016
We
rates.
itself at
cite these articles
the present
only, not because
they are alone, but because they are prominent illustraa trying condition
of
tions
Through the
prevailing.
our railroad system, the United States
has risen from its extreme of depression; but here is a
rehabilitation of
further serious hindrance to a revival of our industries,
make
so serious as to
full
prosperity impossible until
it is
removed
Of course
it is out of
the question to give any
Even now these four roads earn aboTO 100 millions explanation or suggest any remedy that will comCommercial and monetary
But two years ago they earned above 125 millions. mand general acquiescence.
gross.
In other words, in this brief space of time their gross disturbances are not susceptible of perfect demon-
have declined 23^ million dollars
receipts
story of business depression, parallel lines,
;
that tells the
and rate wars,
stration
and
are secondary as well as primary causes,
there
;
the
secondary
being
the
more
obvious
are
Thus it is
Iq the same interval the yearly expenses not infrequently adopted as the origin.
claimed that cotton is low now because the mills cannot sell
have been cut down 10 millions (from 77 millions to 6
millions)
that is, 10 millions less was spent for labor, their products; that the mills cannot sell because consumers
very forcibly.
—
which measures the
fuel, materials, supplies, &c.,
loss to cer-
tain industries that enforced retrenchment has caused.
income
the two
in
millions
and
;
years
fell
from 47f millions
to 34|
diminishing
profits,
this tells the story of
vanishing dividends, and declining prices.
as
follows
:
the Central
4^
millions, the
Penn-
sylvania 2^ millions, the Erie 3 millions, and the Baltimore
&
Ohio scarcely anything.
In net income, the Central
nearly 5 millions, the Pennsylvania 3^ millions, the
Erie '1\, and the Baltimore & Ohio 3 millions.
lost
We compare with
all
the period of 1882-3, because almost
the roads given, then had their largest gross earnings.
Some
had much larger net in one or more
when expenses were yet light. Thus the
1879-80 had net of $15,300,000, against the 13
of them, however,
of the earlier years,
Central in
and the gross of the former year was
The decline on that road, therefore, to
be measured from the 15 million total rather
millions in 1882-3,
$600,000
less, too.
8 millions,
is
to
;
;
own satisfacThe bad times in Eogland
view have come from bad loans (are not
Britain has in fact solved the question to his
tion in a little different w&y.
Of the 23^ millions decrease in gross, 9 J millions roughly
was made by the Central, 5| millions by the Pennsylvania,
5 millions by the Erie, and Z\ millions by the Baltimore
6 Ohio. The 10 millions decrease in expenses was dis
tributed
that consumers are poor because their products
and their products are low because production
has everywhere been overdone.
One writer in Great
are poor
Net are low
than from the thirteen million total. The Erie in 1879-80
had about the same net as in 1882-3, when the gross were
nearly two millions heavier, and in 1880-1 had net$400,000
greater. As relates to the roads as a whole, an interesting
feature is that the six years embraced in the table
cover
according to his
those loans a sore old enough to heal ?)
from poor seasons for crops (lat%^ crops have not been
bad); from a wrong land system (this condition is certainly
far from new)
from the increase of millionaires, &c.
and the universal nature of the conditions is accounted
for on the basis of the fact that the " ties of commerce
"unite nations alike for good and evil."
the losses on
;
;
;
We
thus see that there are
many
doctors holding
But are there not certain
features of the situation which none of the current
For instance the prolonged naexplanations meet ?
could it exist and continue
ture of the depression
it
as it has, if
were simply a case of over-production?
It is now full three years since we began
In fact, it is four and a half
to go down hill fast.
years from the turning point; for during the last half of
1881 we were all the time slackening speed. If it were
very
diverse
opinions.
—
a simple case of excessive production, could such a country
as this
is
is,
fail
to catch
up during that period?
Population
increasing here very rapidly, the best estimates average
it about If millions a year for the four years.
But besides
a previous period of decline the disastrous drought and that, the development of the country
is progressing even
short-crop season of 1881 and the rate- war of the same more speedily in proportion.
Look at the tables of govperiod, under which, though gross earnings increased, aet ernment land sales
which we published October 24, showdechned from 47 millions in 1879-80 to 43 millions in ing nearly sixty-four million acres of public land disposed
1881-2, only to jump up to above 47 millions again in the of in four years, not
Furtherincluding railroad lands.
—
very next year, 1882-3, on the removal of those adverse more, when
this depression began the merchants were not
conditions.
The period since then has been more unfav- expanded, they were not in debt, there had been no
orable, and net income has now dropped
to 34 millions. special overtrading, neither were individuals, as a whole.
;
Deceuber
debt
in
weak feature (and
the
;
an excess
I'HE (3HRONI0LE
10, 188S.]
in
involving the mass, but comparatively few) in railroad
securities;
707
was the only one) was must neceasarily further deprew biulMM
railroad building with a speculation (not leM.
This week the Rank mlniranm haa
it
4 per cent, whereas
if the rate was a qneatloa of
trad*
be settled by trade influence*, it woold
not now bo mucli if any over 1 per cent.
Whai tbaa it
the purpose of this official action ? .Simply, aa ererj
and even that gap has admittedly been bridged demand and
now.
how
Then, again,
unsatisfactory and defective are
tlie
thmiy m hhbam raised «o
loft to
om
ordinary explanations of the universality of this stoppage admits, to protect the Bank's gold reserve;
it is a rlslbla
in trade.
It
extends beyond America, even beyond indication of the struggle going on in Europe
for the
Europe; it includes the whole world India and China possession of the stock of that meUl.
are today complaining just as bitterly as we and Europe.
This brings us to the only explanation which seems to
The India Times of Xov. 13 (the last number we us in any measure to account for the depressed condition
have received), in its summary of the markets, says " the of business everywhere a universal fear to which trada
—
—
anticipated
ft
'
improvement
in business, generally after the
bondage,
felt
with regard to the currency, but acting
Dewalee holidays, has not been realized. Markets have of course differently in different countries. The United
dragged along without any encouragement from home, States being a new, undeveloped country, with wonderfal
" and if it had not been for the weakness in freight, there
" would have been very little doing, indeed. * * *
"
is in
Money
resources and a producer of gold,
indifferent to the content in
we could afford to be
if we did not have a
attempt we are making to
Europe
and rates of interest rule very special cause for alarm in the
But quoting authorities is uncalled for
force an inferior metal into circulation.
Thus, while
it is notorious that commerce in every cotmtry is extremely
Europe is struggling to get gold we are struggling to drive
depressed.
India raises a great variety of indispen- it from us, and would succeed in our endeavor were it not
is
still
plentiful,
"low, indeed."
sable
why
articles
that
ought
should her wheat,
command
to
a
market
that capita], seeing the danger, refuses, under the influence
same fear, to engage in any enterprise, and so keepe
and about everything else that is produced there, meet trade stagnant. Remove the fear (which could be done at
no active inquiry ? It is true that "the ties of commerce once by removing the cause) and capital is let loose, our
unite nations," and that we feel one another's successes Industries are set in motion, European trade receives from
and crosses far more sensitively than ever before. But that us an impulse, and cotton, wheat, &c., are no longer a
explanation does not In this case satisfy. We have no doubt drug, but again command remunerative prices.
Silver ia
that an active revival in trade in America would quicken differently situated. It will have to await European action,
a revival in Europe, and to an extent in India, though it is which would be quickened by this very repeal of our coinquite a question whether activity in India or Europe would age law.
Our efforts artificially to bolster up the price of
excite a similar condition here
and when one goes still .bullion are, however, working harm to that market, not so
further and speaks of a depression in Europe producing a very unlike in its operation and effect to the piling up
indigo,
oils,
teas,
jute, cotton,
of this
;
like depression here, the assertion is
much
Besides, even in that contingency, there
less conclusive.
of a visible supply of 58 millions of wheat.
must be a cause
RAILROAD DIVIDENDS FOR 188.5 AND
in some country, and in this case, where is it, for we have
OTHER YEARS.
shown that it is not in America ?
But some attribute the situation to an overproduction of
The subject of railroad dividends never loses us interest.
wheat and other products of the soil and consequent low TVe have frequently had occasion of late to refer to
prices for crops. That is a novel idea certainly. Abundant changes on this or that road, which changes have been
crops it has always been claimed produced prosperity and
though the farmer's gains may be less, the country's
savings more than make good his losses. But it is not needful to dwell upon that point, for crops are not now
excessive.
One year there was a surplus of wheat raised
in the world
that is not by any means believed to be
the case this year.
Still, wheat is selling now at London
below the average cost of production in any country. Or
take cotton instead of their having been an excessive
supply we have had two short crops in succession. This
year's crop is a better one to be sure, yet with any kind
of business the whole of it and more too would be needed
;
—
good price. In spite of that, cotton also is selling
below the cost of production, lower, as we have already
said, than it has touched at any time since 1855.
A peculiar feature of this depression and one which
in some measure may help to detect the cause
is that
although money is very abundant everywhere, although
the trade demand is extremely limited and no where
more so than in Great Britain, and although speculation
has been very quiet in that country and no evidence of
overtrading visible, the Bank of England finds it necescessary to put up the rate of interest every little while,
and further even to manoeuvre in the open market to
secure an artificial activity there.
In other words, a
machine devised to check overtrading and excessive speculation and so force adverse exchanges into being favorable to London, is being used when there is an entire
at a
—
—
unusually numerous and are
general subject
in progress.
treatment,
But the
and the
approaching close of the year makes a review of the
record for a
number
and desirable
at
of years past particularly instructive
this
juncture.
We
have prepared our
usual detailed statement, embracing the stocks of
sold on any of
all
roads
our leading exchanges, and shall publish
As a
the same in our Investors' Supplement next week.
preliminary to that statement, and for purposes of tills
article,
we
give here some of the results.
The
list is
too
extended to allow of a reference to any but the leading
roads, but these we shall group in such a fashion as to
bring out the chief features of each division of the country.
The year 1885 was a very bad one for railroad business,
and therefore for railroad dividends. The presumption is
that it was the worst we shall experience in the present
downward movement, and that it will mark the turn in the
Various indications certainly point that way. If
these be not misleading, then of course that year will stand
But in any event
as the extreme of unfavorable effects.
unpropitious period, and yielded
it was an exceedingly
tide.
poor
results.
The
industrial situation
was not good, but
was made infinitely worse by the competition of new
and parallel lines, and by a senseless conflict among the
roads which could accomplish nothing but a wholesale
The change which has lately taken
destruction of capital.
it
place in these particulars
is
hardly represented at
requires time to
1885 record, since it
absence of these conditions of trade, although such action carry them into execution.
L=
still
worth separate
is
all in
the
mature new plans and
Speaking
in this
way, we refer
;
.
THE CHRONICLE.
708
of course particularly to the great east-and-west trunk lines
but the influence and effect of their action (and previous nonaction)
.
was widespread
extended, so
moment
much
—not
at all local, but general
having been sufBcient to sustain the rate, a feature of
quite an auspicious nature.
Here are the figures.
and
Company.
improved
so that the whole situation
XU.
Vol.
Chlcigo
A
\
1878. 1877. 1878. 1878. 1880. 1881. 1882. 1883. 1884. 188S.
Northw'n.
5
S
6
6
7
7
m
ex
7
became apparent that the trunk line
Do
pref....
7
sa 7
7
2ii
7
8
8
Hi
Chic. Mllw. & St. P..
7
7
7
7
7
4
systems had made a compact for peace and higher profits.
Do
pref....
•sa
1
7
7
7
3Ji 10«
7
7
7
9
8
8
8
8
8
8
But these are matters of history now, and we only advert Chic. Burl. 4 Quincy 10
+9M 8
Chic. Rocklsl.iPac.
8
8
10
8
»8«
7
7
7
7
to them here in explanation of the contrast between the Chic. St.P.M.40.,prf.
7
7
7
7
3
19
8
7« Q
dividends of 1885 and those of other years. In view of St. P. M. Manitoba
* And 14 per cent in bonds.
And 20 per cent in stock.
And 100
the position that the trunk lines have thus occupied, it is
per cent In stock. § Change of diTluend periods sweUed the total this
proper that we should begin our record with that group year. U Amount for year diminished by change of dividend periods
from quarterly to semi-annual.
of stocks, and accordingly we annex the following table
Equally encouraging is the showing on the more promiof their dividends since 1875 (three years further back
nent Western roads leading South and Southwest. The
than the figures in the Supplement, and covering ten full
Illinois Central has not repeated the two per cent extra of
years), the dividends actually paid in each twelve month
1884, but it has paid 8 per cent regular, which is a high
period forming the basis of the comparison.
figure, and the Chicago & Alton has been able to con
1876. 1877.
1879. 1880. 1881. 1882. 1883.
tinue the same high rate on both its common and preferred
1889.
Company,
~8
8
8
8
8
N. T. Central
8
S
3H stock, though the road's earnings have fallen off heavily
the
it
>!.
»
•
m
N.Y.L.B.&W.,
6
pref..
Pennsrirania
Baltimore & Ohio ...
liake Shore & Uich.S.
AflchlgaD Central
4«
8
•8
10
—
10
+10
8H
10
S«
Canada Southern
*
8
an
4 per cent of this in slock,
t
6
6
an
7
10
10
7
3
8
»
2
.
6
10
on
years
is
these
—
lines
among
preferred stock)
preferred stock.
first
The record
Fran-
for ten
as follows.
Company.
glance at this statement suffices to show to what a
had come only the Baltimore & Ohio
still paying the old rate, and the Lake Shore, the Michigan Central, the Canada Southern and the Erie (on its
pass
its
per
7
its
& San
Increase due to change of dividend
period.
A
Pacific has maintained
cent distribution, and so has the St. Louis
cisco
2
The Missouri
in 1885.
the ranks of the non-dividend
Chicago
&
1876. 1877.
Alton
Do
pref.
. .
Illinois Central
hi
8
8
8
4
Missouri Pacific
8t.L.&3an Kr.,lst prf. :::::::::::;
-
And
17 In stock.
t
1878. 1879. 1880. 1.S81. 188S. 1883. 1884.
7
7
6
8
6
7
7
6
8
8
8
8
8
7
•8
6
1«
6
7
AW
n
7
7
18SS.
+10
+10
10
8
8
8
7
7
Increase due to change of dividend periods.
If we should extend our comparison further east, so as
payment for the year by the Pennsylvania only 5 per cent and by the New York Central to embrace the host of minor roads in Illinois, Indiana
only 3^ per cent.
But the latter figures do not show the and Ohio, where the combined effects of business depresfull measure of the unfavorable results secured.
Divi- sion, poor crops and rate cutting, have been most decided,
dends were reduced a number of times, and hence were the exhibit would not be of the same favorable nature
payers, with the total
;
lower at the close of the year than at the opening. Thus
the last dividend of the Pennsylvania (2 per cent semi-
but even in the case of these roads, there
this
is
redeem-
ing feature, that already
it seems as if a change for the
had begun, for we note that both the Evansville &
Terre Haute and the Cincinnati Indianapolis St. Louis &
annual, last month) was at the rate of only 4 per cent per
year, and the last two quarterly dividends of the Central
have been only one-half per cent each. To understand
better
the significance of the change, observe that prior to 1884
the Central had an unbroken record of 8 per cent divi-
floating debt)
Chicago (which suspended for a time in order to pay off
have again resumed payment of dividends.
Pacific roads give but a poor account of themselves.
Both the Central and the Union Pacific paid 8 per cent at
Quite a different, that is, a very much more satisfactory one time, and both pay nothing now. The 1885 record of
exhibit, is presented, when we come to the roads in the these roads is chiefly noteworthy for the number of blanks
Northwest.
But even as regards these, it can no longer it contains. The Atchison has continued on 6 per cent,
be said, as a year ago, that they have been, as concerns but this road, though to be classed among the Pacific
dends.
dividends,
comparatively unaffected by the depressing
influences so conspicuous in other
roads, derives its sustenance, or
at least
the
profits
th^
pay dividends, from the rich local traffic that
St.
Paul & Manitoba was the only company of prominence its lines command. The Oregon Railway & Navigation,
operating in that territory that had announced any reduc- which two years ago paid 10 per cent, managed for 1885 to
tion in dividends
from 8 per cent per annum to 6-.-but meet all its dividends on the reduced 6 per cent basis,
now the Northwest has come down to 6 on its common though not promptly but rather after some delay
and 7 on its preferred (the actual amounts paid were more in one or two instances, the road having had a very
than this, because the reduction did not take effect
with heavy snow blockades
severe winter
to contend
till
late in the year) against 7 and 8 respectively
before; the St. against in the season of 1884-5
but recently it has been
Paul pays but 5 per cent on its common stock (the figure
for reporting very decided gains in earnings, and conse
the year is only 4 per cent, because though in October
2^ quently the quarterly dividend of \\ per cent for January,
was paid, in April only 1^ had been paid), and the St. Paul 1886 (which had there been no delay in the earlier pay& Omaha has reduced the rate on its preferred shares ments, would, in the ordinary course of time, have come
from 7 to 6 per cent. Nevertheless, the record is
in November, 1885), is to be supplemented by an
sections.
enable
Then the
it
to
—
—
—
;
an
unusually strong one, considering the heavy
increase in
both stock and debt that all these roads have
made
recent years;
and
in
be seen that neither the Rock
Island nor the Burlington & Quincy has
suffered any
reduction in
it
its rate,
extra
dividend of ^ per cent, making 2 per cent altogether.
Company.
will
though the Rock Island distributed
100 per cent in stock in 1880, and the Burlington 20
per
cent in the same year.
In truth, the showing is an excel-
one— the rate being in nearly all cases high, though
the capital account is heavy, the
growth of the country
1878.11877. 1878. 1879. 1880. 1881. 1882.' 1883.' 1884.' 1886
Atch. Top. & San. Fe,
Central Pacific
Denrer <* Rio Grande
No. Pacific, pref
Oreg. Hallway & Nav.
Oreg. Trans Cont'l.
8«
6
*9
6
8
6
45*
3
Mi
lent
Pacific
8
6
3
*ii^i
10
e« S4«
6
.
Union
e
5M
6M
7
8«
•In scrip. tAndlOBonp. ; And 50 per cent in stock. § Owing to
change In dividend period the total paid in the year wag only as here
given.
—
Deceudeb
THK CHRONICLE.
10, IRfW.]
The
anihraciCM co»l ruiuls are properly plao«d io a diviiTlwy are subject to the same, yet to
ion by th«mselve8.
somewhat
(HtTereat
be out of
the
iiiQ intices
pl«c«) to iiiclu>ie
&
PhiUdHlphia
than other roads.
among
ll>'a<ling
would
It
New
the Central
Jersey and
dividend payers at
present, but both paid 10 per cent^ontheir stocks at
during
those that do pay dividends, the Delaware
VV«stern continued its 2 percent quarterly
October, when a reduction to 1| was
till
l.SSS,
made; but the Lehigh Valley, which is generally regarded
as the most conservafvely managed of the coal roadn,
came down first fr •m 2 to l.J, and then to 1 per cent (4
per year), which is the present rate. The Delaware &
Hudson has mamtained its distribution at the reduced
rate of G per cant through the year.
The coal trade was
in a decided ly unsatisfactory state in the early months, but
latterly has
demand
shown a marked improvement,
consumption
for
Company.
Delaware Ijnck
last
mentioned
as the
far
The dividend record
other hand prices have been low.
the three roads
as
though on the
concerned,
is
is
W
m
7S4
9
9
;
of
as below.
1876. 1977, 1878. 'l87». 1880. 1881. 1888. 188S. 1884
A.
4'T"
»
4H
5«
8
7
7
8
1dm
I88S.
8
7
1H
6
S
te ia a MiMirbal diffemt poritton,
guarantaed a Hxed araouoi under ita Uaaa to
it ia
the Central and the Louisville
10 per cent regularly.
NEW YORK
THIS
one
Among
Lackawanna &
time.
709
The Georgia RallnMd
&
aod baa paid
Naabrille,
CESTRAl. STATSMSST.
The intereat that attaches to the preeent report of tb«
New York Central is of a dilTorent kind from that which
haa
attached
to
previous reporu.
all
The tUtement repreeenu a
obvious.
The reaaoa
ia
condition of aifain
that no longer exists.
Ordinarily the pait ia a gaida to
the future, and annual reports are examined with the idea
of finding out what the company to which they relate
capable of doing
ia
— what
aort of proapect
it
holda out to
the investor in its aecuritiea, according to which he may
determine whether his investment is a good one or a bad
one.
Looked at in this way, the present report haa abao
lutely no value whatever
and any judgment baaed upon
;
the results
it
discloses cannot but be
wide of the truth.
In the year covered by the return every element conspired to produce an unsatisfactory result.
In the year
now in progress these adverse factors will be either entirely
eliminated, or so greatly
reduced in degree that they can-
And that marks the difference
what has been the between then and now. A struggle for supremacy waa
characteristic of that section, great stability and favorable going on between the old road, and its aggressive and unresults. The dividends are nearly all large, and they have called for rival.
On its part, the Central forced the fight
LehlRh Vallar
In the
New
SH
England ^section we
been well maintained
4
— remarkably
for
we gave
this
well
an
in
maintained
we have
—
in
passed.
article especially
There
have been some reductions, but they have been slight and
not at all many indeed, the Fitchburg is the only one
devoted to that subject,
in
our issue of July
18.
—
among
more prominent
not exert their old
effect.
find
the years of depression through which
The reasons
8
and
has come
down
with relentless severity. The policy was death and extermination to the newcomer.
But a railroad can neither be
moved out
killed nor
been located and
its
power for
made
of the way.
built.
mischief.
helpless, its
It
It
It
remains where
it
haa
can never be wholly shorn of
can only be weakened, crippled,
opera'ions impeded and rendered
diffi-
and then forced into insolvency.
This appears to be
from 7 per cent in 1881 to 5 per cent at the present time. precisely the purpose the Central managers had in view,
On the other hand, there are not a few roads that have and probably it was the only course that could be pursued
made steady progress and gradually raised their rates, as in the circumstances. But be that as it may, our present
types of which we may cite the Maine Central and the purpose is merely to note that this struggle for supremacy
Boston & Lowell. The Boston & Albany, the Boston & has been brought to an end, and that its absence in the
Maine, the Boston & Providence, have all kept up the present fiscal year should be as conspicuous in results as ita
ths
ones,
Annexed
this
are the figures.
cult,
1878. 1817
Company.
Boston St Albany..
Bolton & Lowell..
Boston & Maltia.
Boston & Providence
FltchburK
»
8
8
2
«
.
Maine Central
7M
8
6
...
N. T. N. H. * Hartf.
Old Colony
Butland. pref.
•And
4
10
S
prevailed during
188S.
the conflict, has been replaced
8
4
8
8
e
s
8
rate, for instance,
presence was in the late year.
1883. 1884.
1878.; 1878.
The local
of one cent a mile on passengers, which
high rate of 8 per cent.
•8
«
8
S
e
10
10
10
10
7
7
7
1
by the old rate of double
1
3
8
8
5
8
8
6
BW
e
8
8
BM
8
!
— two
amount
West Shore
that
cents.
It is true that in
the Central has
the interest on the bonds of
abeorbing the
made itself responsible
the new road, but that
for
is
a
comparatively minor matter alongside of the benefits to
accrue from operating the two roads in harmony with
each other.
10 in stock.
"We have purposely omitted any mention of Southern
roads as a class, because there are so few of these that
Time was when the
return anything to their holders.
Equally changed
is
the situation as to through
traffic.
by Mr.
King that such had been the demoralization of through
Louisville & Nashville, its allied line the Nashville Chat- rates that at one time contracts for grain between Chicago
tanooga & St. Louis, the Richmond & Danviile, the Nor- and New York were made as low as 8 cents per 100 Iba.
folk & Western (preferred), the Columbia & Greenville "out of which had to be deducted for the coet of transfer
(preferred), and the Cincinnati New Orleans & Texas "in New York harbor, three cents per 100 lbs., making a
It is unin 1885, however, none of "net rate of about one mill per ton per mile."
Pacific, all paid something
Wilming- necessary to make any other comment on this than to say
them paid anything. Two Carolina roads the
In the Erie report for the same period
it is
stated
;
—
Weldon, and the Wilmington Columbia & Augusta
are to be mentioned as conspicuous exceptions of Southem roads that have done well and kept up dividends.
The Central Railroad of Georgia is not dealt in on our
Exchanges, but we may say that from paying 8 per cent,
ton
—
&
that
now
and the
the
tarifif
25 cents per 100
lbs.,
lirmly maintained, too, at that figure.
In
official tariff
is
on grain
is
the matter of west-bound rates the difference is no leas
Here first class freight is usually taken as the
decided.
basis,
and
this
is
moved now
at
75 cents per 100
Iba.,
tariff of only 40 cents during the sum-
reduced to 6 per cent in the fiscal year 1883-4, to against the official
With
rates as low as 25 cento.
in 1884-5, and that the last two semi-annual mer, and against actual
New York to ('hicago
regard to passengers, the $20 rate
dividends have been only 2 per cent each. Increased
has only been enforced since the beginning of Decemcompetition is responsible in part for this, but the arbiCommission in fixing ber, and the immigrant rate, which for nearly a year baa
trary course of the Georgia Railroad
figure of 11-00, will, with the
rates has been a circumstance of even greater importance. ruled at the extraordinary
it
5 per cent
Hra
—
—
THE CHRONICLE.
710
Thus
[Vol.
two years gross earnings have
XU.
more
It took a
first of January, 1886, be put up to $1300.
long time to perfect the arrangements for the latter advance, but they are believed now to be all completed, and
than Q^ million dollars— from $33,770,722 to $24,429,441; and in the same interval the net profit to the
the ruinous rate of one dollar for carrying a passenger a
stock has declined from $7,327,156 to $2,176,342, or over
thousand miles soon becomes a thing of the
five millions.
past.
"We thus see that while locally the position of the road's
affairs is materially improved, as regards through business
among
the policy of peace and higher rates
trunk lines must be pregnant with no
less
the great
fallen off
In none of the other thirteen years given
were the gross earnings as small as in 1884-5. As regards
was 1879-80, when business
net profit the best ye'ar
all
over the country was so prosperous; in that year the total
was $10,569,220, or $3,427,707 above the amount needed
pay the 8 per cent dividend, and the contrast between
this will this profit then of 10|^ millions, and the present profit of
so long only a little more than 2^ millions, is most striking, as is
important
business and
In relation to the state of general
results.
all
in
the revival of industrial activity, and the effect
traffic, we would not,
more pronounced than at present,
count that as an influence of the same degree of promise.
And yet even in that respect the change, however slight,
have in swelling the road's
as the indications are not
to
the fact
such a strong corporation as the Central,
that
which in every year since its consolidation up till last
had paid 8 per cent to its stockholders, should by an
for it is hardly conceivable that the extraordinary combination of adverse influences have
is for the better
situation could be worse than it was during the late year, been reduced to earning hardly more than 2|- per cent.
A word of explanation may be desirable with regard to
while on the other hand, should silver dollar coinage be
repealed, and the slight revival now manifest be made the result for the quarter ended September 30
the last of
permanent and extended, the Central would be sure to get the fiscal year it being relatively worse than that for the
;
—
—
from that source also an important contribution to its year itself. In that quarter the road appears to have
traffic and income.
earned scarcely more than its fixed charges, the profit reWe have felt it desirable to recall and lay stress upon maining being only $89,482, against about a million dolthis change in affairs, because the result for the Central's lars in the corresponding quarter of 1884, so that the
late
year, as
able,
and
it
now made
public, is
exceedingly unfavor-
should be clearly understood
why
this is so, in
company
$357,660 short of earning even the half per
paid. That is certaioly disappointing; but we
fell
cent which
it
would caution our readers against accepting it as any indition of the change upon which we have laid so much em
year of
Of phasis above. The truth is, it was not till after the end of
course it was important that we should know the extent that quarter that the change began.
To be sure, local
to which the road had suffered, but beyond that the late passenger rates were restored in that quarter, but not till
year's figures have no interest except in an historical way, well towards its close
the latter part of ^ August.
As
and as a matter of record. "We shall not to-day attempt regards through rates, the really determined effort to mainorder that conclusions as to the road's future earning
may
be based on ^the outcome for
extraordinary and exceptional conditions.
capacity
not
this
—
to say anything about the road's traffic statistics or traffic
movement (and indeed
lic),
these have not yet been
from the beginning of October.
month the rates were only up to a 20
dates
tariff
in that
but shall confine ourselves simply and brieiiy to the cent basis on grain, Chicago to
financial results.
ings, as
On
that point
we
find that gross earn-
compared with the previous
year, fell off
ove
$3,700,000, that expenses diminished only $1,500,000, and
that net earnings consequently declined about $2,200,000.
At
the
tain
made pub- But even
on
New
freight west-bound,
first-class
York, and 60 cents
whereas
in
November
they were advanced to 25 and 75 cents respectively on
the same classes.
$20-00 basis
till
Passenger rates were not put up to the
the present month, and in the case of
the same time there was an increase in the charges for
immigrants the $1300 rate (against the $1-00 rate so
and rentals of about $300,000, so that the net profit long in force) does not go into effect till January 1.
remaining for the stock which in 1883-4 had been $4,668,- Moreover, there have been time contracts outstanding at
760, was cut down nearly 2|- million dollars
to $2,176,- the extreme low figures on which freight is even now
The quarterly dividends were repeatedly reduced, going forward. "With the end of the year these should
342.
and for the last two quarters the rate was only one-half of expire, and after that the way will be clear for obtaining
interest
—
—
one per cent, so that the total paid out for the twelve schedule rates in full all of which makes it evident that
months was only 3^ percent, calling for $3,129,990, yet not only can the quarter ended September 30 not be
on this reduced basis the net profit fell nearly a million taken as a guide of the changed conditions, but it would
—
amount required actually $953,648 seem wise not to expect too much evidence of the change
In a word, in the fiscal year 1884-5 this great in
After
the current quarter now approaching its close.
corporation earned no more than about 2^ per cent on its
that, however, we should have some tangible fruits.
stock.
It is only, however, when we go back a number of
dollars short of the
short.
years,
that
we
see the full extent of the change that this
decrease in income marks.
Here
is
the record for 14
BRITISH POLITICS— THE PROSPECTS OF
PARTIES.
years.
It
Year ending
September
80.
Qrosa
Earning.
Operating
Expenses,
Interest
&
Net
Profit-
Surplus
IHiMends.
or
ItenUiU.
«
1878.
85,&80.675
17,908,805
cannot be said of the late elections throughout Great
Britain and Ireland that they have brought peace. It
rather seem,
if
we
would
are to judge from the present aspect of
Seficil.
P. «.
«
«
7,971,870
(8)
7,244,831
0,523,057
(8)
7,136.790
9,713,354
(o)
7,130.884
things, that they
»
-)-727,039
have brought a sword. Neither of the two
great political parties
is
sure of a sufficient following to
U7a.
29.1«6,8S0
19,803,793
1871.
1S7B.
1876.
1877.
1876.
18TS.
1880.
81,650,385
21,987,031
29,027,21ft
21.688,023
20,883.513
7,3S9,195'
(8)
7,136,679
7,213,0751
(H)
7,130,588
19,635,738
6,913,347
(8)
7,140,639
28,910,554
20,872,109
8,088,446
(8)
7.139,528
28,396,583
83.175,913
32,348,896
20,802,098
(8)
7,189,528
(8)
7,141,613
+ 3,437,707
(8)
7,138,343
+734,484
(8)
7,145,518
1,401,810
tinue to hold the reins until, at least, they have tested the
33,770,723
7,594,485
22,606,693' 10,569,220
24,455,569
7,892,887
24,884,878
5,743,803
26,443,566
7.327,156
+202,516
+73,547
—197,312
+898,Q}7
+454,057
(6)
7,146,182
+179,024
28.148,669
23,479,909
4,668.760
feelings of the
(8)
7,109,644
2.490,884
24.429.4411 22,253,009
2,176.842
(8><)
8,129.990
-953,648
1881.
188S.
1883.
188i
1885.
28,046.588
26,579,083
80.828,781
+ 2,388,867
+
sustain
so
itself,
2,576,470
the
strong Nationalist
representation
holds the balance of power under such circumstances.
As
immediate future there is much uncertainty. Of
the few things of which we are not permitted to have any
doubt, one is that Lord Salisbury and his friends will conto the
Irish
Home
House
of
Commons;
the other
is
that the
Rule question will take precedence of
all
L
—
.
Decehbbb
Mr. Parnell
others.
THE CHRONICLE.
10, 1886.]
is
he can force attention
precisely in that position in
to his measures.
dignity, continue in
office.
Notwithstanding the strength
which the Tories have developed, the Liberals are still
ahead and as his lordship can only hope to carry on the
government by counting on assistance outside his party,
he would not have been without reason if he had tendered
;
Her Majesty his resignation of the seals of odice, thus
making way for the return to power of Mr. Gladstone and
the Liberals.
But the circumstances are peculiar. Lord
Salisbury came into power on a wave of popular feeling.
That that feeling has abated is by no means certain. The
home and foreign jwlicy of the government during their
short tenure of o£Bce have commanded not only respect
but approval. The new question which they are called
upon to face is not one trom the consideration and solution of which they are barred any more than their rivals.
If the Irish question mast be settled as a preliminary to
to
other business of importance,
for
Lord Salisbury
stone.
It
is
to
meet the
it
competent
for Mr. Glad-
just as
is
issue as
it is
true enough that Mr. Gladstone has had a
wm Um
ia not welt foaadwL
It
Tory,
flnt raooted the great quMition of ParllamenUry reforin and if Pitt ha<l llvod, or if bia hand*
had not been tied by the French ww, be might bar*
Mr.
In other circumstances it might have been a question
whether Lord Salisbury could, consistently with his own
all
711
which T reform, The obarge
Pitt,
who
;
Whiga
anticipated the
glory acbiered in
in the
183.!.
It
work acoompUalMd and tht
waa Mr. DinatU and tb*
who carried the Iloform bill of 18fl7, and aeeared
the franchise for every British hoaaebolder.
Tue British
people, indeed, are more indebted to the Toriea than ihty
Tories
are willing to admit.
to
move
If tlioy
domestic matters,
in
have sometimM been alow
they have alwaya beta
identified with
a well-pronounced, vigoroui foreign poliej
if it haa occaaionally given ofTeoM and
provoked jealousy, has compelled reapect.
It waa Tory
stubbornness and persistency which finally broke down th*
power of the First Napoleon. It waa the Tory Beaoowfield who compelled Russia to halt on the eve of sigoiag
—a policy which
And since the advent of Lord
we have not been without evidence
the San Stefano treaty.
Salisbury to power,
same old vigorous spirit animates the party.
Lord Salisbury standing alone in the matter
of this new Bulgarian difTiculty
and the present aspect
of things justifies the belief that his firmneaa will be
rewarded with success. We have also witnessed the result
of Tory vigor and decision of purpose in the triumph of
British arms in Burmah.
How different has been the
management of affairs in Burmah to the management of
affairs in Egypt
Lord Salisbury has no reason to be
ashamed of his record, nor have the British people any
that the
We have seen
;
and a very special expeBut the possible
greater fitness of the Liberal chief is no reason why the
Conservative chief should not make the attempt; and the
prestige which the settlement of such a question would
bring to the Tory party, ought to be temptation enough to
reason to be afraid to entrust their affairs to his hands.
induce him to accept the opportunity.
If success should attend the present government in deal
The settlement of the Irish question is confessedly one
Mr. Parnell will naturally regard ing with Ireland, they will have established a firm bold oa
of very great difficulty.
the proposals of each party as bids for his support; and it the people of the three kingdoms. There are many domestic questions which demand attention.
Of these, probably
is reasonable to conclude that he will follow this mercanIt is by no the most important is that of land tenure.
Reform in the
tile rule and surrender to the highest bidder.
means certain, however, that the proposal which shall system of land tenure has become a clamant necessityprove the most acceptable to Mr. Parnell will be equally It cannot be much longer delayed. Great estates must
Mr. sooner or later be broken up, and the land more generally
acceptable to the majority of the British people.
larger experience as a statesman,
rience in dealing with Irish questions.
!
Gladstone
of
Home
may
be tempted to go further in the direction
The danger is that
Rule than Lord Salisbury.
—
he may be tempted to go too far in that direction so far
as to create in many minds the fear that the integrity of
In such a case Lord Salisbury
the Empire is in danger.
will be able to count with confidence on the solid, conservative sense of the
An
people.
British
ment may now be regarded
Irish Parlia-
a probability of the early
as
—
distributed.
—
honorable and honest feeling on the part of the British to
take away from Ireland all just cause of complaint; but
a deep-rooted determination that nothing shall be
done, not even for the sake of pacifying Ireland, which
shall have the effect directly or indirectly of disturbing
there
the landlords are mainly interested in the
it
will
it.
The settlement
OF EXCHANaE AT LONDON AND ON LONDON
AT LATEST DATES.
KZOHASaX AT LOWDON-Dee.
On—
8
aXOBAMOM on LOXDOK.
LafM
Time.
DaU.
is
the integrity of the kingdom.
whether
shall not
Lord
and
Salisbury
It
remains to be seen
his
Tory
it
Gladstone and his Liberals.
this British
suitable expression, as Mr.
The question
Amsterdam. 3mo«. 12-2% «12'3;t
Amstordau. Bight. 121>4»12-14k
Hamburg.. 3mo8. 20-51 ezo-M
20S1 »20Sl
Berlin
20-51 «20-.M
Frankfort...
12-70
12-70
25-45
»12-72>t
al2-72««
Trieste
•25-50
Antwerp .
23>4»23>«
St. Petersb'g
ClieekA 25-19 ®-W-22>«
Paris
3mo8, i5-37's925-41'4
Paris
25-60 »25'65
Uenoa'
Vienna
. .
be quite as successful in interpreting
sentiment, and in giving
associates
to be settled
concerns not Ireland only, but Scotland and England as
The object is to please Ireland, but this is to be
he
may be
with encouraging hopes of success.
been too much the habit to regard the Tories as
non-progressive, as the constitutional opponents of all
It has
Bong Konc.
^lianghai
able to face an early dissolution
»ii
90-34
90-84
13 se
Dec
Dec.
Ooo.
Deo.
Deo.
Deo.
Dec
Short.
3mos.
2M»»
Short.
S9-1I*
Short.
3 moo.
Dec.
Usbon
Calontta.
New York...
1205
8h<»rt.
Dec.
Deo.
Deo.
Dec.
Dem'd
Deo.
Deo.
reLVts
Dee.
Deo.
46-40
3 mns.
Is. 6»18d.
Is. eSisd.
SOdajrs
--
Constant'ple
done in harmony with the wishes of the British people.
If Lord Salisbury fails to make a settlement, and yet plays
TtoM.
Short.
4598»45ii
&ll«lse5U3,,
Alexandria
Bombay
Dec.
Dec.
Deo.
Deo.
Dee.
453s 945 >«
Madrid
Cadiz
well.
his cards well,
be wise for themselvee
of the land question would
come with peculiar grace from the Tories. It remains to
be seen how they will fare with the present difiSiulty.
Successful with Ireland, and prosecuting a dignified but
peaceful policy abroad, they might be encouraged to take
such action in the matter of land and other reforms aa
would redound to the honor of the party. Tne Irish
question settled, the land question must be taken up.
to attempt
an independent parliament a parliament
which would enable Ireland to control her own tariff and
her own taxes, such a parliament as some of the NationIreland is not] likely to have RATEa
alists have recently sketched
than England. There is, we believe, an
until she is stronger
future; but
As
settlement of this question,
.*
4
Dec
IFrom our own oorTeapondeQUl
London, Saturday, December 5, 1888.
With the country in the throes of a general election, busiaeas
The
operations have naturaUy been more or lees interrupted.
:
THE rHKONTCLR
712
XLI.
[Vol..
Conservative pfains of the previous week have been nullified by
subsequent Liherwl successes, but for all that the judKmeiit of
the country is entirely adverse to the last administration t
Mr. Gladstone. This is specially observable in th'^ verdicts of
the large towns and educated constituencies, and the lars^e
approaching to an assimilation of rates was maintained, but
for such a result to be permanent, it was requisite that the
bona fide trade inquiry should become really animated. It
cannot, however, be said that the tr^de requirement increased
to any extent, and consequently quotations have not been
With
well maintained. As an inevitable rngult of these conditions
Continental exchanges have reacted against us, and gold has
re-commenced being shipped to Germany. Hitherto we have
escaped the usual scare incidental to the American demand,
and as American orders for iron here are increasing, it is probable that we shall not lose much gold to New York. That
money will gradually harden, there can be no question; but
that the process will be at all brisk is quite another matter.
The close of the year will witness the usual passing inquiry,
but for sustained animation and the permanent establishment
of higher prices we must await the trade development of 1886.
The rates for money have been as follows
>
number
of ex-ministerialists
who have lost their
places.
the advent of the Conservatives to power a more confilent
tone was iuautrurrtted, and has since been maintained. Whatever may be the opinion of the masses respecting the disestablishment of the Church, there can be no doubt that the vacillating foreign policy as pursued by Mr. Gladstone's government was productive of much mischief to trade, besides being
in the long run the most expensive. A repetition of unpleasant surprises, with frequent national humiliations, are not the
materials to build commercial prosperity upon.
Some uneasiness is being felt as to the political future. The
guidance of the foreign affairs of the country with energy and
determination is a matter of paramount importance. It is a
subject for congrHtulation that the troubles with Burmah
have been so speedily overcome. Thanks to the rapidity with
which the arrangements were planned and executed, Burraah
practically becomes part of the British empire, and we have
secured the possession of the chief link for connecting Indian
and Chinese trade. The importance of this acquisition upon
the home markets cannot be over-estimated. New fields of
commerce are not so readily opened now-a-days certainly not
—
fields as China affords.
The country therefore has to be
congratulated on the happy results obtained, and it is to be
hoped that every advantage will be taken of the splendid
such
position
we now
hold.
hardly likely that there will
ment in trade between now and the close of the year. This
is the usual quiet season, and it is also the time when financial
troubles, where they exist, are likely to culminate in actual disaster.
Difficulties have been reported in the Mark Lane corn
trade during the week. One old-established and muah-respected firm has been compelled to stop payment, and further
failures are anticipated; but no heavy losses are apprehended.
There has been such an absence of speculative activity for
some time past that the trade have been almost starved out,
and they have not had the opportunity of incurring large liabilities.
For an appreciable extension of commercial affairs
we must at least await the advent of the new year. Further
inquiries for iron on American account are reported, and there
are sanguine anticipations as to the future of our trade with
the American continent but, as said, no particular change ctn
occur during the closing days of the old year, or until the
political excitement, now agitating all circles, has calmed
down. In calculating the chances of an improving trade we
have also to reckon with the somewhat varying phases of the
Eastern question. Tne latest telegrams from that hot-bed of
intrigue are of a much less pacific nature than those previously
received, and it is not improbable that the whole question may
be re-opened much sooner than was expected. Unless a
modus Vivendi be discovered whereby a disbandment of the
armies at present in the field can be carried out, it is certain
that next spring will prove a very anxious time.
The continued movement of gold from this country to Ger;
is
attracting attention,
and
asserted by some,
though on what authority is doubtful, that gold is going into
the military chests of Germany or Russia in order
to provide for any eventualities which may occur. It
must, however, be remembered that we are more indebted
it
to Russia
corres-
ponding period by about £270,000, and the November
shipments have yet to be ascertained. As our exports
to Russia
and Germany have not been increasing, and their
indebtedness
tons consequently has not been augmented, the
made up
difference has
in gold.
A firmer money
BankBUlt.
••
Six
Dtsc't
Ftmr
Six
Stock
Mantha Months' Montht Banks.
Three
Xmttu
1
iH@i%\2 a iJiaa 2«(38« 2H®
- 2 9- 2^<» - 3 @ - 2 a- 2^a2^i S ® - 2H@ - 2^93 3 ®3H3M»3l<
- 2H& - 251 S3 3 &3'4 3 (itSii
- 2«a - 2«a3 2Ha>3'4S ®S«
- 2«a2« 25i»S 2«.3M3 ®3>,
ma
Oct. 30 2
Nov. 6 2
2«® -;2»«;*
2Ha - 258®
2 ®2« 2H(9
2W® -l2«0
li S
"
"
20 »
27 3
Deo. 4 3
In/
Trade mils.
Joint
Three
Ttmr
Uontlis Montht
Wte.
At 7 to 14
Call. Dayt.
« «-«
K -1
1
1
1
m
l«-H«
1« IH-IW
1« i«-l«
1« l«-lH
1)«
IH
IH
1«
Ehigland, the
yrears
:
1885.
1884.
18S3.
Olronlatlon.excludlng
A
*
«
Tday 4 other bills.. 24,492.3*0 24,735,820 25.201.120
t»at>lio deposits
2,779,164
5.7^1,423
7,l42,-28l
JCUer deposits
24.293,95.5 23,3fi-(,^ni 2 2.225,124
ijveram't securities. 12,708.949 13,112 619 15,I93.7:H
>clier aeoiirities
20,009,029 22.351,231 19.480,')25
B 4S've of notes <& ooln I'2,l62.d07 11,193.700 12,497,0^5
)jln and bullion in
both departmeuts.. 20,894,917 20,179,520 21,948,2 35
t^roporc'n of reserve
toUabllltles
44-6.3 p. o.
3818 p. 0.
42^4 p. 0.
Uankrate
3 p. o.
5 p. o.
3 p. 0.
Consols
X d.
9914 X d.
100% X d.
997i«
I?n«. wheat, av. price
30<. 9d.
40k 2d.
308. 09g'l.
Mid. Upland cotton..
53811
4l3i(id.
5»i«d.
So.
40 mule twist....
Olear'K-House ret'n
The Bank
market certainly prevails, but there is no
animation. The Bank of England weekly return
shows that
the reserve had been reduced by £765,000, and
private deposits
had also lost about £600,000, from which it would
appear that
money is going more into circulation; but so far
the actual
demand keeps within narrow limits. The late
advance in the
Bank of England rate of discount was due
solely to the desire
to check the efflux of gold to
the Continent, and the efficacy
or the movement could only be
made effectual by the open
aarket foUowiog the lead of the bank.
At first something
.
1882.
*
25,686,660
4,523,947
22,438,100
11.381.002
22,472,411
10,962,610
20,879,270
iOU, p.
5 p.
lOCs X
e.
0.
d.
40s. lid.
»38d.
9%d.
lOd.
133,758,000 125,365,000 J36,331,0U0 145,329,000
9d.
rate of discount
chief Continental cities
90Bd.
and open market rates
now and
for the previous three
at
the
weak a
have been as follows:
Dte.
mov.
3.
Batwo/
/nttrwtat
Bonk Op«n Bank Open
BaU. Market Sou. Market
S
P»rt<
Berlin
I'^ankfort
,
Hamburg
AmBterdam
,
Vienna
Copenhagen
4
bullion
4
2)<
4
»X
iH
an
3«
4
4
4
3W
4
3H
«
4
4
4
8
6
4
8
4
8
Or»n
Market
4
4
25<
s«
tH
& AbeU
an
2H
3
4
4
Messrs. Pixley
Bank
BaU.
4
4
HH
4
tM
2«
3%
S«
4
8
Petersburg.,
8
4
4
4
St.
Market
4
6
»H
Brussels
visdrid
0pm
Rate.
a
iS«
4
10.
Bank
4
4
4
is
and Germany thU season for wheat than was the case
last
year. The value of the receipts of wheat
from thence during
September and October alone exceeded those for the
to be
Interest allotoed
for OepoHts
s
The following return shows the position of the Bank of
Bank rate of discount, the price of consols
the price of middling upland cotton and wheat, and the Bankers •
be any particular moveClearing House return, compared with the three previous
It is
many
:
Oftn market rate:
«
i
4
4
8
4
4
»H
«K
S«
4
8
4
write as follows on the state of the
market
Gold— The demand
for Germany during' the week has been verj
and during the last few days the Dutch exchange has also
allowed withdrawals for that quarter. There have also been considerable shipments of sovereigns tii South America and Malta. The Bankhas rereived since our last JSSl'^.OOO in •oyereigas. and has sold 4820.HOO. The arrivals comprise 415.0 lO from Central America, «318,000
from Ausiraha, £21,000 from West Indies, * 130.001) from the Brazils,
£14,000 from River Plate aud *10,0()0 from Cape: total, $511,000.
The P. & o. steamer takes £35,000 1 Milta and Bombay.
811 Ter-Thi-re lias been a f.'iir demand for bars for the Etst and the
Continent; the Mint has aho been a purchaser the nrici- hai tlierefore
improved to 17>«il. per oz.. at which rate the arrivals by tlio Ciiili and
West India stnamers were placed. We have received since our last
£60,000fromtho Paolflc, £11,000 from New York. £7,800 from Australia, £12,500 from West Indies and £9,500 from th« Brazils; total,
£130,800. The P. & O. steamer Uas taken £1 05,000 to the East.
Mexican Dollars— About £13.01)0 value of this coin have come to hand
from the West Indies and the Brazils they were placed at 4Bi3i8d. per
oz., showing a fall of I'lsd. per oz., as the French Government had
reduced their buying price.
strontr,
1
;
;
The quotations
for bullion are reported as f jllows:
GOLD.
London Standard.
SILVER.
Dec.
•.
Bar gold, fine., oj.
Bar gold, contaln'g.
20 dwts. sllver.oi.
Span, doubloons. 01.
S.Am.donblooDs.os
3.
«.
Wot.
28.
i.
d.
77 10
77
95i
TTllH
77 IIX
London .Standard.
nee.
3.
fvoi-.ae.
d.
Bar silver
01.
Bar sllver.oontaln-
d.
47>4
47 7-16
tnK 5ffrs. KOld..oz.
4T 13-18
47M
Cake silver
51 3-16
os.
MH
Mexican dels... 01. 48 13-16 47«
2
:
December
!
THE CHRONICLR
19, 1880.
The English Association
7U
American Bond and Share
of
Holders have complete<l their arrangemente for Iwuintj tholr
certificates against
the shares of American railways. Th»
plan of the aaaociation is to place all American railway
ahMM
in the name of the association, whose certifloates,
i«ued
against the deposit of shares, will be countersigned by
the
London & Wostmlnster Bink, who will be the ouatodiana of
the shares. The association will collect all dividends,
paying
the Baiue promptly in London and it ia maintained that the
;
system
.
promote quick combination for voting purposes.
The speculative excitement in the stock markets here has
considerablv abated.
American railways, with one or two
exceptions, have relapsed on some extensive realizations, but
the movement is unimportant when placed beside the previous
advance. The public are, however, very indifferent absorbers
will
of ordinary shares at current quotations. It is reported here
that a new Atlantic cable is to be laid almost imnjediately,
and that out of a proposed capital of £000,000, about £400,000
WiMM.,
.
The
iijmSm
"hows the qmmHJM of wbMt, flow
to the United Ktngdoa:
m4
fDliowlnfr
nuUw atioat
XIPTMtnt
_.
ttutmmk.
S^t ...qr* i.i7«,ooo
noiir,«]aaltoqrt t70X>00
«n.
i,sia,ooo
171,000
S«8,000
>.7i
i^ -#1
tS*,000
Vta*««lal (•nia«».r«r
The daUy
closing quotations for seounU«a, fto.,
*re reported br oabto
follows for the week «~»«i^
—
-.
Londam.
Mlvsr, per 01
Oonaoli formon«7..
OoomU tor ftofloant
4.
•••.
Pfoh rentMlIn Paris)
fNTlu
»0»14
9^ 80 Sfif «0Hit«
115)4
SO
971s
rn.
46%
*in\
«•••
••l*
I15>4
ISO- 15 •SSl*
1I5I4
IISI4
1S6
\lt>H
ZIS6<« 126
58 If
oomuion stook....
Itaav.
525
S5S
47
99 •
,
»9«
fr
U. B. 4<wiof 1891
U. B. 4iiof 1907
CaniwlUu Puolfle
Chlo. Mil. A St. Paul....
Grl«,
99*i«
47in
I
Oaa M;
WW.
JTon.
47»u
M
126
MS r.^
0»J«
95*4
S8>b
83 >
941^
23Tg
140Hi
54*4
«»r?ia
n}>4
23H
U0<«
S4H
5>%1
»4%"
»s>«
I40>a
%**t
34 >•
nilnola Centrsl
UOV
U0*%
I40>t
have been subscribed. The lino is to run from New York to Peonaylvanla
B4T,
55
B.'.'«
55
Phlliutul|ihla<k ReaiUiiK
lO'a
lOH
I0i«
n
10>a
the Azores and thence to England.
10!V
Sew YorkCeiilral
10S% 105 > loe
104'^
10<t>4
Business in the grain trade has remained very quiet. There
has been a weak tendency, but with so little doing quotable
I^tsccUaucottg W^zvas
changes are exceptional. Buyers had some slight advantage
at Mark Lane on Monday, and rather less money was taken at
National Banks.—The following national b«aks h*Te Utcly
Liverpool on Tuesday; but these were mainly the results of beenoreanized:
sales by needy holders.
Any speedy change in the condition 3,419—The First National Bank of Blue nUI, Nebnuks. Capiital, tX),000. Christian Koehler, PreildeDt; Hennr Oaiuf KocI
of the trade is unlikely unless affairs in Eastern Europe
Cushler.
become more strained, in which event a speculative demand 3,420— The Farmers' National Bank of Webst«r Cltr. law*. CaDttal.
*i0.000. J. W.Mattlee, Pnwldeut; H. A. Miller. Cashier
would be developed which could not fail to influence values.
biPOBTS AND Exports fob thk Wkbk.—The imports of last
Under ordinary circumstances quiet and featureless markets
may be looked for for the next few weeks, and, with a mini- week, compared with those of the preceding week, show a
in both dry
goods and general mnrrhnndlne
mum of business the variations may be expected to be corres- decrease imports were $7,545,296, against $8,123,612 the preThe total
pondingly trifling. The continuance of mild weather is an ceding week and $8,476,186 two weeks previous. The exporta
obstacle to activity, as it prolongs the period during which we for the week ended Dec. 15 amounted to $6,499,600, MEaiBSt
can receive supplies from abroad. Importations keep fairly $8,236,905 last week and $4,621,023 two weeks previous. The
following are the imports at New York for the week ending
liberal.
Last week's receipts were not so large as in the pre- (for dry goods)
Dec. 10, and for the week ending (for general
ceding week, but they compare favorably with last year, and merchandise) Dec. 11 aJso totals since the beginning of th*
first week in January:
the excess in the thirteen weeks has increased to 1,26-5,000
cwts., the supply on passage at the same time remaining
VOKBIOR IMPORTS AT IfVW TOSS.
plentiful.
Sales of home-grown produce have been more
extensive, but as a rule the statistical position has not underJtor Week.
1882.
1888.
1884.
1889.
gone any appreciable alteration at all events the variations Dry Oooda
$2,530,400
82,113.073
81,703.676
$1,998,907
9,295,139
6,665,697
6,430,266
have not been sufficiently important to influence quotations. Qeu'lmer'dlse..
5,08S.28»
The Imperial average price of wheat was greatly reduced
Total
811,825,539
88,783,770
$8,183,042
$7,945,288
Since Jan.
during the month of November. For the week ending the 7th Dry Goods 1. 8127,369.351
$118,107,206 8100,712.758 $06,155,783
the quotation was 31s. Id., and for the week ending Nov. 28, Qeu'lmer'dlse.. 352,983,523 325,004,908 296.557,440 275,004,082
gommcvctal and
.
;
;
In the corresponding month last year the
decidedly, namely, from 32s. to 308. 5d. per
and whereas the average to October 81st this year was
9d. per qr.
30s.
qr.
;
and is now 30s. lid., last year the quotations were
lid. and 32s. 5d. per qr. respectively.
Values last year at
time were becoming more distinctly depressed on forced
Sis. Id.
32s.
this
Total 50 weeks. 9480,352,874 $443,112,114:$406,270,198 $372,059,864
more
price fell
In our report of the dry goods trade vriU be found the imports of dry goods for one week later.
The following is a statement of the exporta (exclusive of
specie) from the port of New York to foreign ports for the
week ending Dec. 15, 1885, and from January 1 to data:
sales.
xpoKTs raoM
The following return shows the extent of the imports of
o««aI produce into the United Kingdom during the
thirteen weeks of the season:
Wheat
1884.
owt. l-l.aiO.SQS
4,117,118
3,384,217
Btu-ler
Oats
Peas
13,645,817
6,880,670
3,244,10.'>
1883.
17,754,645
6,268.775
3,123.775
316,831
587,172
600,420
6'.)7,*70
926,171
928,359
7,427.-<0-'
Indian com
6,524.991
4,534,400
Flour
3,205,206
3,856,479
3 660.005
Supplies available for consumption in thirteen
For the week...
Prev. reported..
30,031,660
30,651,512
34,110,347
3.")0, 1 1
3,
MH,138
3.731,502
weeks (ex-
W—k.
thirteen
weeks of the season, together with the average
compared with the previous season, are shown
in the following statement:
1884.
1S85.
Av'ge
Prue
s.
Wheat, qrs.
Barlev
Oats
1S83.
Av'ge
Price
d.
d.\
832.102 30 111
,
Saltt.
916,721 32
l,277.39o 30 3'1, 394,66431
126,23u 18 ll! 145,812:19
At'gt
Salt*.
Prfee
I
f.
d.
896,167;42 1
1.262.432132 3
3!
29.9l0il9 10
5
I
Converting quarters of wheat into cwts., the totals for the
whole kingdom are estimated as follows;
PYanoe
leriuauT
^ent Indies
$7,600
$335,661
377,790
.
12.701
64,461
6,040.044
55,700
328.010
959.68^
,
...
viexloo.
joutb Ainerloa
\.ll other oountrlM..
$141,090
24.563
13,186
Tstal 1889.,
Total 1884.
Total 1888.
SUter.
ireat Britain
Pranoe
Glerman
Vest In'lles
...
r7.337.4e4
38.052.198
$240,000 113,235,398
69S.643
10,8731
151.6SH
249,299
1.030
Total 1835.
Total 1884
TotMl 1883.
4.6v6
47,850
WUk.
•53.735
561.437
3H0.503
15,220
1,200
7,328
67.2" I
732.876'
$303,773 115.133.121
221.728 13,54.5.2061
46.4991 14.884.6iel
MMt/saO.
8479,898
3,819.450
7..VI
1.941
1.326,697
39,l6i
8e7.8««
74.743
.".747
n.0'.'.>
i.057
46-<
i«.i>-JO,890
6<<3.979
viexloo
South America
411 other ooantries.
TORE.
hnpeiru.
8itie*Jati.l,
12,044,700
3>. 597,027
HBW
Mrporlt.
aoid.
3.731..502
the
Sates.
307.416,976
BXrOKTR AMD IXPOBTS OF SPCOIS AT
1882.
19,820.825
of tne sales of
prices realized,
335,304,720
$3,459,660
3i0.27J,403
The following table shows the exports and imports of speci*
at the port of New York for the week ending Dec. 13. and
since January 1, 1885, and for the corresponding periods in
l-i84and 1883:
367,5^8
oats in
first
1889.
•7.84.^,10l!
3,5.-11,298
home-grown wheat, barley and
the leading markets of England and Wales during
The extent
$7,381,122:
Total 5U weeks. 4'333,544 607 «342.d8'<.8t2|8315,262,0!30!f316,733.06S
Ireat Britain
Total
$7,840,102
325,704,505
1882.
19,820.825
4.456,7X6
Beans
clusive of stocks on September 1)
1885
1884.
1883.
Imports of wheat, owt.14,910,993 13,615,817 17,754,645
H,856,*79
Imports of flour
3,205,206
3,660.0 5
Bales of home-grown.. 11,035,461 13,149.216 12.«9J,697
1884.
1883.
first
IMPORTS.
1885
whk
tosk roa tbs
iniw
1882.
$19,263
.
>
28.3Ce
S.20O
94.012
708
$103.4-<9
ex.5S9
81,638
$47.I6r
19..56*
w.soa
948.334
422.818
77 1, 86$
10,711
$1,839,764
8.418.830
9,781 .0««
:
THE CHRONICLE.
714
[Vol. XLI.
'holders of those bonds that the defendant road is
sadly in need of repair and is constantly decreasing in value
and earning capacity that the only property on which the
petitioner can levy in the event of judgment for the money
due is the defendant's road, and that by proper management
and the use of the surplus to make improvements, the road
could be made to pay. The bill also alleges that the first
mortgage bondholders consent to the appointment of a re-
Of the above imports for the week in 1885, |13,306 were
American gold coin and |3,103 American silver coin. Of the
exports during the same time, |55,700 were American gold
com and $1,800 American silver coin.
Foreign Trade op New York—Monthly Statement.— Id
addition to the foregoing tables, made up from weekly returns,
we give the following figures for the fuU months, also issued
by our New York Custom House. The first statement covers
by the
the total imports of merchandise.
IMPOKTB INTO NEW TORK.
At the meeting of the board of managers in New York on
Wednesday the report of tlie special committee appointed to
Oeneral
Z>rv
Ooodi.
Oooas.
dise.
10.385,688
25.261,039
April
ej882,984
23,998,497
32,259,481
May
5,845,825
22.856,680
June
6,271,511
8,rai.583
84,703,187
24,840.01f
28,101.855
30,974,098
Jnly
13,698,890
17,648,208
10^314,498
18,830,82.'
March
86,898,814
11,397,824
28.457,008
28,845.320
35,646,728
10,f 08,800
February
.
resolved
" That it
Merchan-
dim.
JuinarT...
28,173,206
31,394,061
11,310.428
33,,S70,601
25,769,735
9,798,203
5,754.403
6,310,040
12.493.703
32,716,823
28,012.098
25,979,743
89.997.704
39,573,030
42,713.489
36,557,933
38,471.228
3t.322.138
Angnst
Beptember
10,291,609
24,608,581
34,990,145
11,945,201
21,102,928
38,473,506
33.018,189
11,170,773
21,-S9,«S
32.930,402
12,065,979
21,676,101
33,742,080
October...
7,865,268
64,464,3191
6,755,148
26,072.436
32,827.682
November.
7,360,846
26,599,050
24,677,078
32.037,924
6,570,145
28,024.119
88,594,264
Total...
94,508,787 257,479,694 352,078,4811 108,009,082 289,312,061 897,321.14
EXPORTS FROM
NEW TORK,
ceiver."
examine into the physical and financial condition of the
It was
road was submitted and unanimously approved.
General
Dm
Merchan-
;
—
1884.
Jtfontkf.
;
CUSTOMS RECEIPTS.
At yew
TotM Merchandise,
York.
Months.
1885.
is inexpedient In tlie jiidprment of this board, in view of the
cir.'uuistaueea recited, to borrow any more money to pay lutereat not
earned, and that immediate steps sliould be taken to prevent the waste
and expense I'f a multiplioity of litigation, and to keep the propert.v
togetlier for the common protection of tlie owners and creditors of all
cUis.'ies, by invoking for It the protecting administration of the law if
found to be temporarily neoessary."
The report states that the committee, having examined the
entire road, equipments, shops, mines, etc., find that the traffic
of the road is encouraging, showing an increasing tendency
at all points, and that it now produces sufficient profit to meet
nearly one-half its interest obligations, which is, however,
earned in very dift'erent proportions on the several divisions.
The immediate expenditure of $4,000,000 in the improvement
of the road-bed and track, in order to prevent a further loss
cf net earnings and to accommodate the gronring traffic of
the road, is found by the committee to be an absolute necesThe physical condition of the road, over extensive porsity.
tions, is reported to be bad, requiring a large and increasing
proportion of the gross earnings to keep it in operation
at all.
This state of things results First. From the modification,
by the Construction Committee, of the original plans of construction. Second. From the inferior construction and inferior
:
t
January
February
March
Janaary
February
83,715,450
83,536,860
March
28,137314
23,097,098
April
26,967,813
23,835,838
10,298,
April
32.718.151
28,792,785
10,458,
9,610.
28,635,936
29,464,080
31,238,112
July
Ancust
September
October
27,116,882
28,957,053
28,149,209
29,220,557
August
September
October .....
November..
9,209,887
9,455,248
13,108,333
June
26,392,735
9,840,822
9,637,
24,063,869
June
11,438,786
9,977,
July
12,064,811
11.278
May
May
28,341,986
November
Total....
28,161,182
24,962,001
29,855,652
26,020,363
11,717,
13,242.
12,825,198
10,368,133
8,629,
Tota'
11,987,968
7,712,428
117,868,4711119,855,046
United States Sub-Treasury.—The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week :
Balanee».
Vote.
Beceiptt.
*
Deo,12.
" 14.
" 15.
1,144,747 70
1,333,852 09
1,817,495 C6
Paymenti.
4
74!t,799 27 172,114,820 98 12,584.879
9
48
93
37
44
79
16.
956,167 80
994,126 55
8.
1,299,004 37
Total...
7,595,393 57
" 17.
J
Texas
57
172,072,823 29 12,847,518 87
6.694,733 28
"
•••
Ourreney.
Coin.
1,163,210
1,012,012
1,210,902
864,064
1,694,743
material used by the construction company. Third. From the
inadequate maintenance of the ties, rails and other perishable
materials, and the effort to pay interest on an aggregate
indebtedness which, including all classes, now exceeds $30,000
per mile of track owned. The expenditures required are
summarized as follows Middle Division, 512 miles, $546,000
New Orleans Division, 336 miles, $1,846,000; and Rio Grande
Division, 528 miles, $1,573,000 total. $3,964,000. The above
estimates are mostly confiued to road-bed and tracks, and do
not include the equipment, shops, terminals, stations, water,
etc., most of which are in fair condition.
In good condition,
officials of the road estimate that the expenses will not exceed
55 per cent, against 87 per cent in 1884, an economy which, if
accomplished, would of itself add $3,000,000 to the net earnings
"on the existing basis of gross earnings, less the cost of
raising and carrying the $4,000,000 new money required."
The committee is of the opinion that the agreement entered
into with the bondholders in December last is wholly inadequate, and that other means must be devised for placing the
road in a condition to be safely and economically operated,
and for earning and paying to the bondholders as much as
may be consistent with that prime necessity. The committee
has considered the possibility of making use of the terminal
bonds, as proposed in the arrangement referred to, the only
resource for such a purpose now possessed by the company,
with the following result, viz. Whole issue of terminal bonds,
$6,500,000; amount necessary to reserve for the funding of
scrip, being one-half of nine coupons on $19,748,000 of Rio
Grande & New Orleans Division bonds, including those
already issued for that purpose, $2,065,980; amount necessary
to cover present floating debt of $1,030,000, if sold at 90 per
cent, $1,145,000; total $3,810,980; leaving available for sale,
$3,689,020, which amount, even if marketed at 90 per cent,
would produce but $2,430,000. "This amount being inadequate for the purpose of properly completing the road, even
if the accruing interest on the mortgage bonds could meanwhile be earned and paid, that plan is impracticable, and it
therefore seems unnecessary to discuss in this connection any
questions concerning the terminal mortgage." Attention is
called to the necessity for a general officer resident in Texas,
as is required by the law of that State. The committee urge
upon the board of directors the absolute necessity of an
immediate consideration of the ways and means of completing and restoring the property, and the prompt adoption of
such action as the emergency demands.
The Homestake Mining Co. declares its regular dividend
of $50,000 for November and also a Christmas present extra
dividend of $50,000 -making $100,000 in all. Total to date,
:
12.154.
10,755,
.
301,199,54;; 296.111,516
11,762,029
90 13,3HO,06'2 39
172,149,641 43 13.321,448 32
172,199,535 85 13,701,016 01
172,36.'i,761
171,715,907 16 13,489,505 28
1
& Pacific— This company
has gone into the hands
of receivers.
Immense profits were realized out of the
construction of the Rio Grande Division of this road,
and out of the New Orleans Pacific now forming its New
Orleans Division. The stock and Rio division bonds were
bolstered up, the brilliant prospects of the road were
enlarged upon, and the stock was sold off to the public
at prices from 73 down, and the Rio division bonds
from 103 down. The committee particularly state in their
report quoted below that the present wretched condition of
the road is owing to the "inferior construction and inferior
material used by the Construction Company." Some of the
same parties who were most prominent in the road at the beginning, and who reaped the large profits, are yetconnected with
the company, and will now appear asking the bondholders to
forego their interest for an indefinite time, and the stockholders perhaps to pay an assessment, in order to pract cally
rebuild the above-mentioned divisions. The simplest poissible
method of financing for the Texas & Pacific would be thisLet the parties who realized the profits four years ago now
put back enough of the money to place the property in decent
working condition, and then turn it over to the stock and
bondholders for what it originally purported to be— a railroad
and not as "two streaks of rust," with the New Orleans
division half the time under water.
Orleans,
« /7^u ™ ^®T'
Dec. 16, the following report was sent:
On the application of the Missouri Pacific Railroad, Judge
Pardee, of the United States Circuit Court, to-day
appointed
ex-Govemor L. A. Sheldon, of New Mexico, and ex-Governor
John C. Brown, of Tennessee, receivers of the Texas
Pacific
Railroad. The proceedings are by bill in equity filed
by
P
Ballinger, counsel for the Missouri Pacific Railway
Company."
The bill alleges that the Texas
P-cific Railroad Companv
owes the Missouri Pacific $1,688,015 for money advanced at
different times to prevent default by the defendant
that the
eecunty for this loan is $3,000,000 of terminal bonds that the
defendant agreed to pay the loans out of the surplus earnings,
Dut instead of so doing ha^ used its surplus earnings
to pay
the interest on its first mortgage bonds to prevent
foreclosure
&
&
;
;
W
;
;
:
—
$3,118,750.
—
Auction Sales. The following were sold at auction lately
by Messrs Adrian H. Muller & Son:
Shares.
Hhare.
96 MerchRuts' Excli. Bk., old
stock, not reduced
102>4
300 Phila. & Erie RR. Co.... 18%
32 Central RR. of N. J. Land
Imp. Co
13>4
6 Wash'ton & N. O. Tel. Co. 49
25 Provident .Savings Life
Assurance Society
81
500 Best & Belcher Mining
Co
$1 persh.
20 Broadway Ins. Co
175
67 Sterling Fire Ins. Co
60
100 Brooklyn City RR. Co....209"a
l,50j Consolidated California
&
Vi).
Miu'g Co
$1 20
pr. sh.
15 Cars Canada So. RR.Line,
in series 1001 to 11.50,
inel, (Uypoth.)....fl40each
Bonds.
$448 Central
RR .of N.J. Land
13^
Imp. Co. scrip
$27,(. 00 Toledo Ann .\rbor &
North Mich. 1st 68 gold,
due 1924
87^* Int.
$5,000 N. Y. City 78 Improve.
Stock, due '89.. 114Se&lnt.
$5,250 Conns. Arkansas State
Aid RR. Bonds, dated Oct.
1. UI72
$100 lot
.
:
Deckmber
THE CHRONICLE.
10, 1885.J
York at the iindor-mnntlonml dtiaa to-day: 8s<
•wloK i diHconiit, mlliiii; i tlincoaat^par; ciurlMloa,
i((S!l-ia diiooiint; wiling |Mr; Boaton,
iS^^Ma.
New Orleans, commorcial, lU diaoount; baak, aoffllaal; 8t
Louia, 33di»count; Chicafro,
diaeouat
jghc JBaubers^ CSagctte.
lUBNOa.
Ul V
Tbe foUowInK (IlTldendH bare rooently
Company.
tratn4 of
)>e«n
annoonoad
HMUn
Per
etn.
The
Booki cnoMO.
(Day* ^ne^ul^*^.)
PayabU.
716
U
rataa of loadliiK
banken
ar* aa (oUowa
{
\
iinllroadn.
AueiiHin
*
Dtttmbtr
Siiv:iiiiiuli
<(U)
Bo.iUiD K(iv<ri> II. A I.yiiu
< .'mnil
HK. A llniik (Oa.)
SO Dec
Jan.
Ueo.
Jan.
Jan.
Jan.
I,\:iur.v'li' it'fcrri' liHUte (<iuar.>
i-.il Kill llr dHllir.)
Mm.
1
2>,
•1
raOllPg. ...
y
li
'
>uiUliwc**U'rn
(tirt
i!'4
3»«
i>ref
.TiUiil
.Vatli'lml
8>«
3Hl
1
iJan.
4
irk
4
iouul
.NuUuuiil blioe ic Lrsihrr. ...
^
15 to .Tan.
Deo. 20 to Jiin.
2iDe<'. 22 to Jan.
21 Deo. 19 to Jan.
Diic.
United SUtea Bondiu— Oorcmment bonda
active than for ncvt-ral weeks
been
(pilto
large.
supply of wheat in the United Stiites (not inchiding the
i'l iiio slope)
now j-eaches a total of 58,140,717 bushels, of
^^
h a large part is stored at Western cities. It seems natural
:iia: there should
bo a considerable movement of this grain
iLnvards tho seaboard before May next, and if it does so move
the railroads will get the benefit of tlie freiglits. If holders and
exporters do not come nearer together in their views of prices,
so as to permit of larger exports, it is probable that the load
will become a heavy one for Chicago and the other cities to
carry before tlie opening of navigation next spring.
The cotton movement is now but little ahead of last year,
and consequently, if the current estimates are approximately
correct, there will bo some 800,000 bales more to be moved in
the next six months than in the same period of last year.
Two
weeks ago we remarked that the cotton movement was yet
!>ehind last year, but that applied only to the port receipts,
;md including the overland movement afterward, made up to
Dec. 1, the total cotton "in sight" on Dec. 11 from this year's
crop was about 70,000 bales anead of last year's crop at the
same date in 1884.
There hits been only one really bad event this week to affect
the stock market, and that was tho collapse in Texas & Pacific,
visible
:
!
Cec.
STREET, FRinAY, DEC. lH-3 P. M.
Market and Financial Sitnation.—The 4^,I891
md
^Ptriod*.
13.
ill
U.8
renf.
ree. J.
onr'oy, '97
rmt.'.l.
6«.onr'cy, '08
reR. J.
'99.. .ree. J.
6«,onr'OT.
tts,
Olearing House banks, in their statement of
previous week.
The following tabic shows the changes from the previous
•week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
188.";.
Differ' licet fr^n
1884.
1888.
Dee. 12.
PrevUmt Week.
Dec. 13.
Dee. 15.
Loanaanddis. $338,726,800 Inc.
$212,700 $290.2;.'-..900*327.301,800
86,042.600
57,633,900
94„019.500 Inc. 2,138,400
10.082.500 Dec.
12.700
11. 61 2.000,
15,3SO.20O
378.121.800 Inc.
4B6.600 330.951.000 3l8,.^.58.50c>
2i»,069,:i00 Inc.
54.400
38,948,400
27,262,3
S94. 530.450 Inc. 9121,650 Si2.738.500 $79,639,625
123,088,800 Inc. 2,492,800 124,991.000
84,890,200
Specie
Circulation...
Netrteposita..
Legal tenders.
Legal reserve
Boeerve held.
*28,5o8,350|Ino .$2,371, l.iO
florploB
$42,252,500
15,256,575
—
Excliange. Sterling exchange has not been at all active the
past week, but rates have been very firm throughout, owing to
the scarcity of commercial bills, which continue in very small
supply.
Posted rates were advanced on Thursday for 60-day
—
\ cent and for sight bills 1 J cents, and to-day (Friday)
i cent for both classes, making the quotations now 4 85i and
4 89. The extraordinary strength of short bills is due to the
advance in the Bank of England rate of discount from 3 to 4
per cent.
To-day the rates on actual business were as follows, viz:
Bankers' 60 days' sterling, 4 84J@4 84}; demand, 4 87i@4 88.
Cables, 4 88@4 89.
Commercial bills were 4 83J@4 84. Continental bills were:
Francs, 5 20@5 191 and 5 17i@5 16 J ;
reichmarks, 95i@95S and 95f@95J ; guilders, 40 8-16@40J
bills
.and
40|@40J.
The following were the
rates of domestic
exchange on
New
Oie.
Om.
I«.
1».
17
ii:s.' 1121-
II'
jv«.
18.
-•112^
\Vi\
This Is tbe pnoH
A
A
A
A
A
(
,
;
.J
J.
J.
J.
J.
132'
J. '134V
at cba mornins lioanl: no etM was aaae.
State and Railroad Bonds.— The sales of State bonds liave
been limited, as follows: $37,000 Virginia Os deferred at lOt11; $14,000 North Carolina special tax bondit atO^; $4,000
do. consol. 4s at 00^; $5,000 Tennessee compromise bonds at
61i; $10,000 do. Oh, new series, at .52^ ; $0,000 Alabama, clasa
*
i>lil
A, at lOU; $2,000 do., class C, at 06^; $1,000 Miaaoori $«,
1889-90, at 100^; $5,000 Louisiana stam|>ed 4s at 75^.
The general market for railroad bonds haa followed the
course of the stock market to some extent, and has been img>
ular, some of the most active clas.scs advancing, while otheri
have declined. The feature has been the heavy fall in Texas
& Pacific bonds, owing to tho appointment of receivers for the
company. The Nickle Plate bonds were very strong early in
the week on a report that Lake Shore was to issue bonds to
take up these issues.
The closing prices and range of a few leading bonds are annexed.
*
an increase in surplus reserve of |2,371,150,
being #28,558,350, against $26,187,200 the
14.
baea as (oUowa:
rex. u.-Feb.
8H,our'oy, '98
6«, oar'oy, '08
I
Previous to .September range
Sold first November 12.
Bimge ttntt Jan.
Oloeing.
Loteett
Dec.ll. Dee.lS.
I.
Blgkett.
I
87^
3919
ft!
48\
91>4
36
46 «
49 Hi
97 "a
Is
45>4Jlln>
A
notjXoT.
30
45
^ept.
-"ept.
I
29i« A,
S'l
Maj-
1
j9
Ueo.
Dee.
67 >«
45 jQljr
aoHDae.
91 July
99 Dee.
g9i«Jan. 114>«Dee.
SSisNoT.t 93 NoT.t
80 Kor.
49.S Jan.
63 Feb.
03>aDeo.
69 Har.
84 Wot.
27% Not.
131s Mar.
44 Jan.
68<sXoT.
21'*
10
96V1
112%
I
12, showed
the total surplus
Dee
reff.q.-Jao.
eoap.!d.-Jan.
,
ic.
ham
ooap.iu.-iiar.
4a. 1907
la, 1007
3a, option
^
The New York
Board
\IQ\
reg
<«•, 1891
the appointment of receivers for the company.
There is
savor about the company's affairs, in view of the committee's report that the present condition of the road is owing
mainly to the fact that the new divisions were badly built in
the first place, and in light of the well-remembered fact that
the profits made out of the construction of those divisions N. Y. L. E.ib We8t..2d consol. 6.si
Texas & Pac Ijic nud M. gr. 7a|
were verv large.
Do do
Rlo9. Si^t coup, olr
The open market rates for call loans during the week on West Shore Tru-st Keci'iiit8,B8...
stock and bond collaterals have ranged at li@2J per cent, and N.Y. Chic. * St. L., 1st, 6«
Do
do
2d 68
to-duy at 2@2^ per cent.
Prime commercial paper is quoted
St. L. & San Fran. gen. m. 6s...
rt 4@.5 percent.
North faoltlu l8tooup.6i)
Du
do
'id, coup. 6«..
The Bank of England weekly statement on Thursday showed
Mo. Kans. jc Tex., geu. .5s
loss in specie of £85,503, and the percentage of reserve to
Do
do
gen. 68
ibilities was 46 1-16, against 45 J last week; the discount rate
Atlantic & Paoitlc, W. D., lst,6«
Do
Incomes
do
advanced from 8 to 4 per cent. The Bank of France
East Tcnn. Va. & Qa., con. 5s ..
.ed 1,025,000 francs in gold and lost 178,000 francs in
Do
do
Incomes
an
_„,
1
tho lalea aooie dayi harlnc
I'ricoa hare Ijecn firm, thoagh they an nS
fiaat,
materially changed.
The clusing prices at the M. Y.
WALL
The Money
•« u^t
lt»•\i'»HiiiHmiU\
40t,«a40i4
upillileri)
wanltfftrt or Bremon (relelimarlui)...,...
Deo 22 to Jan.
Jan.
Jan.
Jan.
Jan.
M
»*»
4
^matardam
1
4a9>a
It
4n%a4
Pflmeaoraiaerolal
Ooaamentarjruoinmaralal
ParU(franoi»
I
tiiuial
!
N
Deo. 20 to Jan.
PnmebaDkara'itarUacMUaon Londoa..
—
93 SO Doc.
)
Hnnks.
(
8
Dep, SO to
I
22|neo. S to
Deo. 2i to Jan.
Jan.
1 to
Jan.
1 to
fHII.
Jiiu.
tl
IM.
91
TSOg
88>a
82\
22
114
9P<
7»H
93
84
23%
Jan.
23'«XoT.
for tho bonds.
Railroad and Miscellaneons Stocks.— The stock market
has been quite active and very irregular the past week. On
Saturday and Monday prices were very much weakened by
bear operations, and declined sharply, the decline being very
general throughout the market, though led by a few leading
stocks in relation to which unfavorable rumors were afloat.
Luke Shore was most conspicuous for weakness, the decline
being stimulated by rumors that the company contemplated
the issue of $25,000,000 of bonds to take up the Nickel PUte
bonds, and large transactions were reported. This was the
principal depressing influence then brought to bear apon
the market, but pnces were succeasfully bammercd by tha
bears, and it is evident that many bulls were willing to sea
prices decline somewhat, so the short interest was very largely
increased, as was shown by the sharp reaction which took
The tone ol
place on 'Tuesday, under the buying to cover.
speculation was changed on that day, and the bulls came in and
forced prices up as fast as they had been previously depressed,
the advance continuing throughout Weonesday and a part of
Thursday, when there was another slight reaction. The Gould
stocks (except Texas & Pacific) were prominent in the adranoa,
Missouri Pacific was sharply
generallv leading the market.
advanced to 11 IJ and Kansas & Texas was also very strong.
On the other hand, Texas Pacific has not recovered much of
its heavy decline, the company l)cing in a poor condition and
&
receivers having been appointed this week.
Several other stocks have been prominently active, notably
Lackawanna, which continues very strong under steady support by the White ]k>o1, and the Northern Pacifies, which at
one time were very weak, though recovering aomewhat Utterly.
The tone to-day was steady, and after a moderate busineai
prices closed near the best figures of the day.
—
.
.
.
1
...
.
THE CHRONICLE.
716
NEW TORE STOCK EXCHANGE PRICES FOR WEEK ENDING
[Vol. XLI.
DECEMBER
HIGHEST AND LOWEST PRICES.
STOCKS.
RK.
Active
40%
20
14»a
14's
427fl
*11
Olilo
Do
Do
Ist pref
2d pref
Chicago * Alton
Cblcago Burlinsrton
12's
40'3
ll'e
40%
12
19
14
20
14
191s
121s
561s
38
42
39 '8
43
* Qulncy
Milwaukee & St. Paul.
Do
139
1351s lav's 135'4
90
9212 94^4
II6I3II714 115'4
106% lOS^e 105ie
134 134i« 133
pref.
& Northwestern
pre'
Rock Island & Pacillc.
ChlcaRO
Chicago St. Louis & Pittsliurspref
Do
Chicago
Do
129
14
33
.
& Cm.
Paul Minn.
ail's
M^
^
Green Bay Winona & St. Paul.
Houston Ai Texas Central..
Qifl
91s
191s
8%
8%
81s
20
Memiilus & Charleston
Michigan Central
Mlnniapolis & St. Louis
Do
pref.
34 Is 35
73
731s
22
49
•2OI3
*48
431s
'
136ie
9218
1161s
IO714
1341s
8%
4514
117% 121%
72
72 14
7II4
34
73
2014
2014I
20
2OI4
45
45
29 14 30%'
34
45% 46%
29T8 30%
2014 30=8
Missouri Kansas & Texas
104=6 105=8 104% 1051s IO5I4 106
Missouri Pacific
14
14
14
14
14
14
Mobile i- Ohio
46
45
45
45
40
46
Nashv.ChattaiiOoga ASt. Louis
New York Central & Hudson. 10214103% 101 13 103% 101% 103
I014
9
9% 10%
91s lOis
New York Chic. & St. Louis.
21% 23
21
22% 20
pref.
221s
Do
23% 241s 221s 231s 22=8 23%
LakeErie & West'n.
New York
46% 49
48% 49
pref
49 >s 51
Do
3678 38%
36% 37% 36% 38 14
New York & New England
I8I4 18%
I814 181s
19
New York Ontario & Western. 18
8I4
8I4
8=8
8
8
8%
New York Susq. & Western. ..
21=8 22%
21% 2314
pref.
21% 23
Do
IOI3 lOis
10
10
10% 10%
cSt Western
Norfolk
29'8
26% 28
pref
29
Do
261s 28I4
27% 29 18 26% 27% 26io 27%
Northern Paciflc
59
pref
60
62% 571s 60% 57
Do
lis
1=8
1% 1%
1%
1%
Ohio Central
21=8 22 14
21=8 2318
22% 23%
Oliio & Mississippi
I
—
Ohio Southern
Ot«gon Short Une
Oregon &Tran8-Coniinental..
Peoria Decatur Evansville
&
Philadelphia
Re.iding
191s
Richm'd & West P'nt Terminal
Rochester <Sc Pittsburg
fit. Louis & San Francisco
Bt.
pref
1st pref
Paul& Duluth
Do
pref
Paul Mlnneap. & Manitoba.
Texas ife Paciflc
Union Pacltlc
Bt.
Wabash
St.
Louis
&
PaclHc...
Do
prefmiBcellaneous Stocks.
& Cable Co
Colorado Coal & Iron
American
19
'80
Richmond & Danville
Do
Do
16
15
16
24% 25
32=8 34%
2014
201s
Delaware ife Hudson Canal...
Oregon Improvement Co
Oregon Railway & Nav. Co.
.
PatTtlcMail
Pullman Palace Car Co
Western Union Telegrai)h
,
United States
Wells. Farsro
38% 40
& Co
Susiinehanna
Anioiiian District Telegraph
Ath»ntic& Pacific
Boston A: N.Y. Air- Line, prof
Burlington Ccd. Rapids ij No
4k
Canton Co
Cedar Falls «& Minnesota
Central Iowa
Cleveland
* Pittsburg
Dubuque & Sioux
EUzabetht. Lex.
52% 54
9%
Cent
,
21
514
9=8
98
36%
98
107%
13=8
52% 54%
978
I8I4
18
97e
I8I4
21% 22%
98% 100
96% 98
21%
2214
22
99
99%
98%
18
514
21
44% 44%
I8I4
10
I8I4
141s
139
900: 31
725 26%
3
895
471
7
I3I4
20% 21%
14% 15%!
139
140
140
1371s
23
15.'~90i
41%
4II4
12I4
35%
9 112
40
41
43 14 44 14
4%
96!
141
130 128
137%
95% 97
128
6OI4
118%
8%
Val. iteTol.
CI ty
I
!
32%
9878
119% 119%
35
8%
8=8
33%
8%
.
pref.
Essex
-60
117
14%
19% 20
29
33
25
8%
23
33
23%
6,300
8
Jan.
Jan.
9979
2379
99% 100
9773 98%
99 7e
2 202
6!322
80
Mar.
150
102
62
145
102
61% 61%!
119% 119% 118% 119%!
119%
150
142
101% 100
•60
62
33% 34
9
I
15
20
143
29
20
143
29
62
24
30
62
24
9%
I514
21 Jan.
,59% Jan.
40% Dec.
IIII4 Nov.
Nov. 20
I3714 Nov. 21
81% Nov. 2
53% Jan.
29%
53%;
*13
16
I
20% 20%j
143
-30
143
144
32%! 32%
I
31%
-24
210
•25
*205
16
33
144
34
24
24
53
128
100
51
51
',50
130
130
139
9934
il9
200 14
*9S
'20
52
131
99
'129
2(K)
200
141% 143
25
1.58
45
10
38
25
158
38
8
2414
24%
37
•714
24
215
23
52
•130
200
8
24%
37
15% 16%
I414
These are the prices bid and asked no sale was made at the Board.
;
52%
52
98% 99
100
200% 200%
7
Jan. 31 144
1.480134
100
Aug. 25
6
43
07
545
7
397 190
100 84
100 IOI4
100 16
600 39
Oct.
J une
37%
Jan.
;5,,552|
10!
764
IS
Jan.
5.5
34
714
714
24% 25
39
39
14% "14%
t
'7
lofl;
35
Dec.
jHIl
25
1,400'
40
16
41
16
14% 15
10 136%
600 15
1,300
7
5I"
1,000
Ij>wer price is cx-divldend.
IT
7
18% May 19
1
54% Nov. 24
133% Nov. 27
3 100% Nov. 27
1
3
3
3% July
32%
12
Nov. 13
Aug. 11
4
93
June
10
6
13
19
Dec. 1
Dee. 18
Sept.
Oct. 14
30 310
25.
Dec. 17
Oct.
.Ian. 11;
84% ,lan
15.">il75
Nov.
Dec.
Nov.
Aug.
Nov.
Dec.
Deo.
Nov.
1
303%
76 119% Feb. 17 142
-714
24% 25
'51% 63%
23
52
Nov. IT
120
9 140
Mar. 28 36%
Dec. 14 1 1 %
Mar. 25 97
Feb. 4 87
Feb. 13 53%
July 23 17=8
Feb. 18 3414
8
3
Dec. 13
Feb.
200 40
650
9
1.158
Sept,
62% Oct. 15
200; 114
27'o
92
24
145
105
159 130 Jan.
125 87% Jan.
220 48 Jan.
353 104% Jan.
5,275
3
25
70
107% Jan.
88
33| 57
*12
2634 Nov. 20-
46% Sept.
1.50
53
14% 14%
19% 20
9'4
14% 14%
Pittsburg Ft. W. it. Chicago. . .
Quicksilver Mining Co
'38
1514
I4I4
I
Oct. 13
71
104% Nov. 16
100% Nov. 4
66% Jan.
305 10
9I4
9
208
•23
*52
143
100
96
80
93
New York Lack. & Western.
100
New York New Haven & Hart.
Rensselaer & 8 iratopa
Bt. Louis Alton &T«rre Haute.
South Carolina
'"'
Cameron Coal
140
101
96
80
80
14
25
128
prof....
33=8
9978
35
8%
H
1»
Nov. 20.
Dec. 18'
Nov. 2%
Nov. 13^
Nov. life
8 99
28 11934 Nov. 12
2 115% Nov. 2»k
2 13978 Aug. lit
2 132
Nov. 14
31 18% Nov. 2
,
7 124
80
3II4
101
62
119
Doc.
I
23%
150
102
62
Nov. 14
Aug. 13
Nov.
i
,
140
103
*60
Dec. 18.
1
9634
98
97
98%
98%
105
32
3
IO714 IO514 107%'tl05% 108
10676 IO714 107 107
8,117
6378
64141
63
64% 66% 66% 07% 66% 67 1130,697
131
131 131
131 131
131% 131% 132 133
1,138
73% 72I4 7378 73=8 -76i4 74
75=8
73% 74%!l40,137
1.50
Apr. 24 58%
May 7 47%
Mar. 25 52
Jan. 31 49
Apr. 7 I314
Apr. 7 23=8
Apr. 22 15%
Jan.
2 140
Jan. 2 138%
;
128
140
101
Highest.
I
;
145
105
62
119
1885.
since Jan. 1, 1885.
I
51
107% 107% 106
6278 66%
62
1,
I38I4 137% 137%! 12,:
,6,58 115%
gfa 93% 92=8 9378 92% 9314,449, 730! 64% June
II8I4 119
6 583 103
116^8 118
118% 119
Jan.
107 10818 10678 108% 10678 107% 1136, 9(!4i 84% Jan.
134 134
1 695 119% Jan.
135 135 14 135 135
2 795|105 Jan.
129% 129% 129 129
129 129
14I3 141s •12
16
15% *13
670
6% Mar.
•32
34
34
35
4001 14 July 11 41% Oct. 31
34
34
37 14 38% 36% 37%' 16, 200 18% Apr. 21 44% Nov. 1*
38
37
8, 245
101% 103% 101% 103
66 June 8 105% Nov. 18
1021s 103
55I4 561s
55
56
55% 56
10, 562 23
Apr. 30 09 Oct. 21
127% 129ie 128 129 14 128% 12958!294, 695 82=8 Jan. 22 129=8 Dec. 181878 1878
1934 19%
1978 20
3, 425
4% June 25 24% Nov. 17
578
6
6% 6% 8, 590 2%J.in. 15 8=8 Nov. 21
6% 6%
lOis
10
10% 10% 10% 9, 425 4% June 1
14% Nov. 2010
67
*60
67
533| 37% Jan. 10 71
Nov. 18
68
20
20
525 14 July 28 25 Nov. 21
*8% 9
9,501
9
3 JRU. 6 11 =8 Nov. 27
9
9
•32
33% 33%
200 14 Mar. 26 39% Nov. 20'
36
1, 256 119% Jan. 17 139% Nov. 12
137 137
I3714 I3714 137 137
24
25
24% 26
13, 244!
7% June 5 28% Nov. 21
221s 251s
15% I714 16% 17% •16% 17%! 5, 706 l%July 8 3114 Nov. 21
85=6
84
84% 85=8 84% 85% 598, 951 5034 May 12 897rt Nov. 14
8OI4
•7914 80
8OI4 Nov. 18
80
80
80
62 Jaii
1, 696
45=8! 64 791 22
44% 4578 45
46% 45
Jan. 16 51% Nov. 18
33
32
710: 11% Jan. 6 40
Oct. 28
34% 34% 327a 33
121 14 123
121% 121% 12134 123%, 13, 7951 65 Jan. 15 123% Deo. 18
*34
34% 34%! 1, 400! 27% Jan. 15 44 Mar. 7
36
74% 75
75
3, 330
46%Mav 7 79% Nov. 14
73% 73% 75
22 14 21% 22
2079 21%
22
20 Nov. 13
1, 570! 10% Jan. 26
48%i
505 21% May 29 5634 Nov. 14
4878 4878 •49
"33% 35 362 567 14%jHn. 22 37% Nov. 27
30% 33% 33 14 "35
109% 111% 110% IIII4 22, 200 89% Mar. 21 IHI4D00. 18
106 111
*14
600
15% 14% 1514 •14%
6 June 5 I8I4N0V. 20
40%i 1, 600 33 Jan. 71 ^0 Dee. 1
*46
*45
48
46
46
102=8 103% 102=8 103=8 10178 102% 96,,449 8134Juue 1 10714 Nov. 14
IOI4 13,,5151
978 10%
1% May 5 1 1 =8 Nov. 30
10% 10% 10
4 Mar. 25 20 Nov. 14
22% 23% 22% 23 14 2234 23
12, 065
23 14 24% 23% 24%
23% 24%. 137, 866 9i4May 29 2779 Nov. 13
4978
51
4914 50
51
2. 230
49
18 June 29 57 Nov. 21
38=8
38
39%
38
610 12 Jan, 17 39% Dec. 10
38% 39
634 Apr. 14 2078 Nov. 17
015
18% 19% 19% 19% I8I4 18%
8I4
8I4
8=8
134 June 2
8
,740
8% 8=8
9% Dec.
23I4 23=6
23=8
23
22% 23
252
473 Jan. 27 21% Dec.
10=8 *10% 11% 10
11
420
10
8
Sept. 3i 1379001. 24
28
28
354 14 July 3 34% Oct. 26
28
28% 28=8 2S
2679 28%
3114 Nov. 18
28% 29% 28I4 2878
,370 15 Jan. 1
5778 60
59% 6II4 59% 6114:242 ,403 36% Jan. 29 05% Nov. 18
1% 178
1% 178l 4 ,747
1% 1%
% June 3 2% Nov. 20
22% 23% 23
23% 2278 24%, 12 ,000 IO14 May 4 28% Nov. 13
16=8 17%
1 ,965
17% 18%
7% June 24 21% Nov. 21
750 1479 Mar. 21 28 Nov. 20
3178 33%
33
33% 3279 34 (114 .762 10% Apr. 8 3678 Nov. 20
20 14 2014!
000
20
20% 20% 21
7% June 9 24 Nov. 21
*20
21
11 889 13 May 29 26 Oct. 22
20% 21 >4 2078 21
•78
85
4479 Jnn. 19 87 Nov. 27
38 14 39
37% 38
,910 18% May 29 4314N0V. 27
38
38
514
530
2=8 Mar. 11
5%
6% Aug. 17
5% 5%
5% 5%
'21% 22
23
830 17% May 8 24% Nov. 18
21% 21% •21
44 14 46
45-% 46I4
44% 46
,915 30 Apr. 30 49 7o Nov. 20
97 14 9714 9714 98
98
465 79 May 12 99% Nov. 24
96
37 14 37%
170 18 July 31 3979 Nov. 25
37
37% 37% 38%
99
99
,703! 77% Feb,
7 100% Deo. 17
99=sl00% 100% 100%
2 110% Nov. 20107% 109
108 IO914 108% 10878
,4451 79% Jan.
I3I4 I414
1214 14
12% 13
914 Apr. 8 25% Nov. 25
,479
54 14 55=8 53% 54% 120; 230l 41 Mar. 21 63% Nov. 18
54% 55
2 Apr. 30 15% Nov. IS^
10
11% 1078 HI4 1076 11
3, 7101
20
1, 800i
20
20
6% May 7 25 Nov. 18
18% 18% 20
9878
9714
leased line stock
Do
*
35% 38
21
45
52% 53%l
9^8
Harlem
Do
38
*99
*96
100
36I3 36I3
3514 36
35%
*97
98
97% 97% 98
107i« 1071s 106=8 107
106=8
I6I4
1278 14%
15
12%
* Big Sandy.
Manhat tan Beach to
Mil. Lake Shore & Western
.„
20%
20% 21
21
45
O14
221s
45I2
21% 21%
Columbus Hocking
&
1878
19% 20%
35
*4
22
45
Inactive Stocks.
Morris
32
85
142
105
*60
119
American
Illinois
16
3078
I8I4
131
134
131
72=8 73=6
72
Express Stocks.
Adams
•
16
33
I4I3
138
137
39% 41 14
44%
41% 41%
12% 12%
20% 20%
14% 14%
JAN.
Lowest.
'(Sh'res)
Tel.
Consolidated (Jas Co
Albany
16
31
17=6
20
*12i4
"33
37
32
32
1361s 136% I3514 13514 137 137
Illluois Ceutral
21% 22%
2114 23
23
231a
Indiana Blooiuingt'n & West'n
151s
14% 15=8 15
1558 16%
Lake Eric & Western
83=8 861s
Sfe 84%: 81% 8414
Lake Shore & Mich. Southern
7914 79%
79iSi
79
Long Island
"4314 44%
43% 44781
Louisville & Nashville
3473 34'8
Louis. New Alb. & Chicago...
•11713 118
117>2 117=81
Manhattan Elevated, cousol..
421s
121s
Week
57% 58
58 14
43 14
41%
140
211s
57=8
44 14
39% 40%
19hi
13
581s
43
5714
129
12
36
35=8 37
3518 37I6
100 lot's 10018 103
56
52
,521s 5616
1251412713 1251s 1271s
18=8
18
18
181s
5^8
6
5% 6
9% 10
913 10
67
67
129 M 129
12
14
34
Pret. 10036 102=8
57
56
Cleveland Col.Cin.& Indlanap.
Delaware LackawannaiSt West I26I4 I2914
17% 181?
Denver & Rio Grande
6Js
6
East Tennessee Va. & Ga
10
pref
10»R
Do
66
66
Evansvlllc & Torre Haute...
Fort Worth & Denver City. .
Do
138
lag's 136
93 14 89%
II6I4 lieifi
lev's IO512
I3314 133%
129'a 128%
12
13
*30
Dec. 17.
Dec. 16.
56
56%
3914
38
42 14 44''8
41
41
12
12
56
139
Clilcago
St.
21
:w
Central of New Jersey
Central Pacinc
ChlcaRO
56»8
41
43iR
4II4
56>2
Canada Siiutliorn
&
Dec. 14.
Stocks.
Canadian Paoiflc
Chesapeake
Monday,
Saturday,
Dec. 12.
Friday,
Dec. 18.
Range
Sales
of the
I
Wednesday, Thursday,
Tuesday,
Dec. 15.
AND SINCE
I§,
11
S.-pt.lO
1 1
33
Jan. 29 158
1
51
.May
June 16
Julv 24
%
Deo.
Dec.
9-
Nov.
Nov.
5.
5,
4
Dec. 14.
Oct.
21
18% Nov. 2819% Nov. 30
,.
..
.
I
Dkoeubeb
1
. ..
I
1
THK (mRONICLi:.
19, 1885.]
(|DUTATIONS OF 8TATB ANI> KAM.KOtll
7i:
IXU'KIIBEK
HIINIIH,
in ' IHM.
IITATIC BONIMI.
BUL
itKODRITllDB.
Atk
"BrURlTlI
IU»bKnii\-('lMS A, 1006.
OUiia H.tn, 1906
0luil(\4i<, 1006
ea, lO'JdH,
il.„..
IWK)
krkAiinHH— ttn,
KK
It, Minn. O. A It. U.
It, Ark»ii«*ii Cent.
fttorgla— 6>, 188U
New
HK.
&K.
inn
too
A
Vork-On,
««
104
I0«
IIH-,
«•, loan, l«»l...:
ea.loan, 1893
l«:i
•
ymdinii
1890
Otr
Bum
134
JO
10
N. avollii»-6t, old. J.AJ.
aot.
>rY8oh
..
nil
K-
il<i
1887
.,
-'Si
OouHoi
MX
6«, loan, ISeii
^T».188«
tola,
IHHH
il«,
1 «»<>....
Aiyl'iiiiir l'hiv...iiis'9a
FanrtliiK, IHiu ltd
HuiDlbal
Ht. Jo,,'a6.
.
NO. UK
L T«,
H7
411
teidiiK IHXlloi
rnii(1e4l
A
7>. L Hock
Fi H. Im.
7>, Memii.,t I.. KiH-k
7«, L. K.tv ll.,»
.
Bl«.
7i, •IOU..1B1*
.
nou (uuiUbl*.
I
BrewB eenaol'a M,~
1
m
M.m»m
T«»i
»»»
g«. oUI, 1
lliM.lt.l~
BAIIiROAD BONIM.
SECURITIES.
rRailrond
.
SKCURITIKS.
Aak.
Bid.
Dal. L.
Bonds.
fiatnck t:rcH(tn-jr l^rUet.)
ttch. T.*s. l'i.--4 ".jx-lOaO
Slnkiuir Kiinil, t!8. 1911.
ktl. * l':ii .- l.st.Us, 1910.
lat. consul.,
*
l'J21
Baff. N. Y. ft I*.— Con».68
Oeiicral, 6h, 1924
Cui. So.— 1 Ht, lot. guar., 58
8a,»s. 191;}
l9t,
5,>.,
Rog.,5», IBIS
107
lat, eit.,78, 1891
Coupon, 7s. 1894
Retjiatered. 78, 1894
1st. Pa Dlv., cp, "8,1917
Ist, Pau. Dlv., reg., 1017
107 ".J
99 ^
130
114
106
07 >«
Eiwt. niv.-lat.Oa. 1912
lU. Dlv., Ut, (is, 1912..
I
.
Met
Trust Co.
Den
70
So.I'k.ft
Dcn.ft Hioli
n2>a
102
77
Ml.
,.
'
.
Consol ..,».
a*.lB09
I
loH
iHr.'
IM
Coapon.
5b. 1931
B..»r.l..r.-1 1- l.lll
J'
Ml)
w,
1041,
^..
.'91
lllO
l~<
86
recolptJ)
I'ae— lat,7a
— Ist.Bs
West
734
50
I,and grant, 3 48. S.
V
A
864
824
74
68
.
'|E.T.Va.ftO.-l8t.78.1900 118
..
lat, C0U8.,5s, 1930
864^ 67
78
I
CoUH
Cons
....
,
115
i!(ol.5.6
'2(1, income, 1911
H.ft(enl.Mo.-let,7«,'90
I]
-'.1,
Mobile
A Ohio— New 6b.
PIK.
1064 1074
104^ lOS
187
107
137
Scioto
139
M'4
96
78^
76
St
St P.Minn.* Man.— Ist 7a
2d.8s,ig09
Dakota Kxt-6s, 1910
CC.(J.*Ind'i»— lat,7s,8.M. 122'
122
Consol. 7s, 1014
86
87^
1124
115
102 4^
!
103
Om.—
118
1234
1S9
Naahv. ft Dec— lat, 7s..
Ala.— S.f.«s.l910
S.
123»4
AN
1''2
116
Chlc.&.E.Ill.— Ist.s.f.cur. 114
Consol., lst.«s, 1931. .. 10934 HI
92
Chic.St.L.ftP.— lst,(^oil.5s;
I
Chic, ft SI.L,— l8t,«»,1015
Col.A(irc<n.-lst,6.8,1916
108
102 14
93
100
50
98
Lonlav. C. ft I.,.-6s,1931
Trust bonds, 69. 1922.
.
lat,
Pens. *At.—l8t,«s, gold
Erie AW.— lat. (te. 1919
L.
Sanduskv Dlv.-6a,1919
Laf. HI. ft .SI.-lat,«a.l919
Lonlsv. N. .VIb. AC.— I sl.Os
85
88
834
88
874
90
87
90
103
General inort.. 6a. 1914
90=4
81=4 Lou. N. O. A rex. -1st, 5a
Manliat B'cll Co. -78.1909 •784
117
N.Y.ftM.B'h-lal.78/97
118
Metpn. Kli<v.-Ut.78.1908
1926
Ool. ll.Val.ft Tol— 1st, 58
w.— 7s,c(>nv.,'92
Del. I..
.
Wab.StL.APac.-Oen.,8«
Chic DlT.-as. 1910...
Bav. Dlv.- 6s, 1910
•78
Ind'poUs 0IT.-6S, 1931.
Detroit Dlv.—6b. 1931..
Cairo Dlv. -6b. 1931 ...
Wabash-Mort, 78.1909
Tol.* W.-Ist.ext..7s
latSt UI>iv..7s, '89.
3d,ext.,7s, 1893
Enoip'tbds.. 7s. '83.
ConaoL ooDV., 7s, 1907
*
137
Syr Biit.-.ftN.Y.— lst,78 132
.
3d,7«, 1893
Q.ATol.-lst7s,1890
Han. A Naples— lst7a
Ill.ASo.Ia-latex..69|
StUK.C.*N.-B.e.7B
Onaba Div.-lat 7a
Clar-da Br.-6«, 1919
stChas. Bge.— lat,6*
No. Misanuil— 1st 1: 116
W.st.I..AP.-Iowadir..68
'rru.,ti'.,
W.
*
No
prlo«0 Friday
;
thftM are Utent
9341 SS>a
.'.c.i
1st
I'.i".!
qnlpi
103
90
;.(ta:
103 4
11
6s,
•36-
-reg.
Aug. cp. on
(X Aug. cp
QooUUons made CliU week.
78,1900..]
34\
h-r
iii'4%
I
•
liii.6s
Do
l{«M-elpta
TS.1904
1911
cona., Os.j 107 1.
I null 1
8d, 7b, 1906
Pac of .\fo— 1st 68..1 106^; IC^
.
IKUx
2(1,79,1.891
8tL.AS.F.-'Jil,88,Cl. a; 104V ..
lOJ
lo:i
6b, Class c. Ifl0<(
"
(O
104
Cla
RioG.,
lis
|
Ot Weefn-lat 78.'88i
UtBo.— GC0..7S.I
M
904
'
.(.
Trust (
Tex. A N. O.— lal. 7.s,l9()i
Sabine Dlv...lat,6s,1012
Va. Mld.-M. Inc., 6s, 1 927
Oreg.ShortL.— Isl
A
9*
n
•J2
At.C.AP.-l-:
At J.Co.A W.
Inc.mi*
19-22
"
T.i
Tol. .40
Tol. P.
.
87
Vn.-latM.
A
1
97-8
117>i.
A DuL-lst 68,1931 108^
lOB
R'y-lst 6«, 1930
1st. couaol
C.Br. UP.-
Exten.. Ist 7s.
101
'118
iie\ ii7<t
Istconaol., 6*.cp.. 1933{ 118
Ist con»ol.,eB, rag.. 1933
Ho. Pac— lat,
1174
10-40, 6a. 1924
Chlc.&W.Ind.— l8t,a.f.,8s i09'4
Genl i(i..it.. OH, l'J32 ... 107 4 ii2'
Denv.i>lv'.(>s..iss
1044
I
Ist Day*. niT.-6a.1910
.
iid"
lOi
•116
1st 7s, 1911
BurL— Main, es
Tol. Del.
I
104'(
:...,..
•
8(<
Tex.Cen.— 1 ata.f .,7a,10<W
.
N.O.AMob.-lat,68,1930'
2d. 68. 1930
E. H. AN.— l9t,68,1919!
General. «8, 1930
Penaacola Dlv —68,1920
St. L. Dlv.— lat, 68, 1921
2d, 3s. 1980
•117
•Ill
•2d. Us, 1931
Shenand'taV — lst7s,1909 H'
•86
General. 611, 1921
Sodas BagrA So.-latSs,jr. 101
,
Loutsv-ft .Nash.— Cons.,7s' 122
CeclUan Hr'ch.-7s,1907: 107
I
III
111
:i)94
2d. pref..7a, 1894
2d. Income, 7s. 1894
Bellev.A Mo. Ill.-lat
.
1064
•4S
108 <» IM
116
111
iii"
7b
.
Cairo A Fnlton-I«Cairo Ark. A T.— Oen. r'y Al.gr.— 5s,:
Min's
C—
1064
.1
A
A
80. Car.
I
'114
iS^
ijg
(•'(! ISKI. -Ist6a
L.
Iron Mt-lBt 7a.
3d. 7a. 1897
Arkansas Br'ch— 1-' "-
StJO.
StP.
I
.
\
s
.
68
66
I
.
da. 19'27V.
:a.'97
1264 StI..Alt(mAT.H.-lst,7
1
.
Debenture
1
C—
I
V
136
64
64
127
116
er
«8
Inc.
10314 104
126
10*
Trust Co. receipts
Rich. A DaoT.—CaDiM|.,fl*
Atl.ft.
1364
lU
1H31
-•2..
1284
I
1907
I..1I.I
.(.'(. .1
|Ki...,v,. ,.,«.,.(. ,,..I»30
;
i
78,
I
H4",
I
I
Mortgage,
I,....
.
i07<<(
i
2(1. lis,
inil!
S!t..
|.
I
!
1
St.P.ftS.C- lst,B,s,19l9
1
Kv-daof 1933
l:
1064
•99
.
Consol. (>B, 1930
C.St.P.ft.M.— 1.SI6S.1918
No. Wis- 1st, «s. 1930.
«.
.
llPlnel "k
110
.
Collateral trust, da, 1 892
lat, Extonsloli, Ua, 1027
Morgan's La.>% 'r.— lat, Oa
O—
C0U.S0I. siiik.(d.,78,1914
General consol., 68,1934
Chic. St. P. Min. ft
...
guar.. 7«. 1898
'2(1.
I
,
i
Mad.— l8t.68,1905
1»U
2d, 7b.
MllL.s.vw. ls|,.;,.li)'>l lit'',
1IIJ4'U24
"
Mloh Dlv.— lat. (Is, 1924 100=4
I
ft St.P.— lst.:>8
North.I!!.— Ist 68. 1910.
7.. ,,....
PItu Ft.W.itC..
Vitt
>.....
.
Ott.C. F.
<
u'lHtnar 4S•.1•>,''^'
.
. .
Mil.ft
raa.—CaiiUa*«4—
.
-
j.#Mf.
'eaavhraaU KB.—
1-
35a<
Exroupons9 to 12... 58 >« 684 Ist, 7e, 1918
97 4:
96
Divisional 5s. 1930
Nash.Cbat.ftStL.— lst,7s
87 4 :Ell2.C.ftN.—ss.rrteb.,c.,68
2d. 6b, 1901
! lat, t!s, 1920
ChicHKo * Alton—
N. V. Ceutral-6B, 1887
100
Ellz.I.ex.ft liigsandy— 6s
...I 120
l8tnim-t..7». 1893
Deb. certs., extdt 6b
SInkliiic fuml, tJ9, 1903 .i '121'a 122
Erie— 1st, extended, 7b... 1254
N.Y.C.AH -lst,cp.,7a
2d. extended. .5s, 1919.. 1124
I.a. * Mo. Kiv,— l8t, 78. 123
l8t,reg., 1903
119
2il, 78, 1900
3(1. extended. 4 48, 1923.
1064
Dab.,6s, 190*
4th. extended, 5a, 1920.
St. I,. Jink, ft Chic— lat 118
Harlem— lat, 78, coup.
121
'1074
1st. gilar.(.'561),7s,'94
5th, 79, 1888
Ist, 7», reg., 1900
1st, cona., gold, 7a. 1920 1274
2(1, (31)0), 78. 1898 ....
N.Y. Kiev.— lat, 7a, 1906.
120
2il.guiir. (188), 78, '98
Ist, cons., fd. coup.. 78.
N.V.P.A
Pr.l'n.Oa. 96
•98
Mig8.U.Br'Ke— l3t,8.f.Ba
Beolg., Istllen, Bs, 1908
N.Y.C.4N.— Oen.,6s,1910
CUlc. Burl, ft Qnlucy—
Long Dock b'nds, Ts, '93 1174 113
TrustCo receipts
138
Couaol. 7 s. 1903
N.Y.4 N. Engld-lat, 7».
B.N.V.&E. .Ist.i.s,19l6 130 13S
6s, sinking fuml. 1901
lBt,6a, 1905
N.Y.L.E .tW.^.Vw^dtts
106
105
5s, debentures, 1913
ExJune. 1886, coop..
N.Y.C.48tL.-l8t,68.1921
100
la. Dlv.-S. fd., 6». 1919
ColUt'l trust, 68, 1922
2d, 6e, 1923
99
Sinking fund, 4s. 1919
Buff.ftS.W.-M. 88,1908
N.Y.W.8h.4Bnir.—Cp.,8s
Denver Dlv.--t8, 1922.. 99 100
Ev. A T. H.— 1st, cona., 6g •1124 114'
Registered, 5b, 1931....
102 "8
Trust Co. receipt*
ri;»ln49, 1921
Mt. Vern'n— lat. 68.1923
FItftP Marq.- M.6s,1920 il6' 1164 N. Y. .susi;. A W.—Ist, est
C.R.I.ftP.— 1>8, cp., 1917. iSii
'131
Oal.Har. ft S.Ant— l8t,68 106
Delx'nture. (is, 1897?. ..
69. reg., 1917
2.1,7s, 1905
105
Midland of N.J.— lst,es
Eit. <K Cul.. 5e, 1934.... 110
91
West. Dlv.- lst,58
N.Y.N.H.ftK.— l8t.rg.,48
Keok.ft Des M.— Ist. '>» 109 110
N.Pac.— o. l.gr.,lsf,cp.,69
2d. 68. 1931
Cent. 01 >". J.— 1st. 78. '901 111
107
Or'nBayW.ftSt.P.— l8t,68 so'
Reglatered, 68, 1921...
lat.cons. assent. 79, 18991 107
Oen.,2d M.RR.A l.g.B.f.,
Couv., assented. 7S.1902, 106 <4 1064 (^iulfCol.ftS.Fe.-7s,1009 1184 120
1084 Gold, 6s, 1923
844 864
AilJuBtnient, 78, 1903 ...l
cold.6s,1933.cp.or reg.
64
N.O. Pac.—lBt.6s,r., 19201
Haliist J.-Con.0a,1911 1174
Conv. del)eut.. 6.8, 1908. "63
0.)
Nort.ftW.-Oen., Bs, 1931
Leh.ftW.H.— Con.g'd.aa. 104
Ueil^Bridge Co.— lat, 6s. 106
New River— l9t,8s,1932
l8t M.1-..78I 1014 101=,
Am. H'k* Imp.— 5b,1921 88 y 90
H.A lex
95"
96
Imp. A Ext.— 6s, 1934..
Cliic. Mil. ft St. P.—
Ist, Western Dlv.. 78t..
'135
96
AlUuatmt. M.—78,1924.
1st, Waco A No.,78l ...
l8t,8», 1>. Dy 1898
84
ObloAMIS8...Con8.8.td.78.
2d. 7 3.108, P. D., 1898. 125
2d. consol., main line. Ss
Consolidated 7a, 1898
Ist, 7a. « g., K. D., 1902. 130>3 132
2d, Waco A No.,88,1915
66
2d. conaondated,7s, 1 9 1
General, 69, 1921
l9t, La 0. Dlv., 7«, 1 -193. 122
Istsprlngtleld Dlv., 7s.
H0U8. E. A W.Tex,— iBt, 7s
1st, I.* .M., 7a, 1897... 123»i lie
Ist, general, i>9, 1932...
2d, 68, 1913
lat, I. ft D., 78, 1899... 123
Ohio Ceut.-lst, T. Tr., 6s
lU.Cen— Spd.Dtv.—Cp. 68 119
Ist.C. A M.. 78, 1903... 130
13141 Middle Dlv. -Reg., i58.
109
1st, Mini Dlv Oa. 1921.
Consol. 78, 1905
Ohio So.— lat, 68, 1921 ...
C.St.L..tN.O.— Ten.l.,7a
l8t,7a, 1 ft l).Eit.,1908| i'isi^! 130
125
Oreg'nA CaL— l8t.68.1931
lat, conaoI„ 7e, 1897.. 124
Ist, 8. W. Uiv.,6». mO'.l.i 116'« 117
116
Or.(ETran8c'l-6s,'i-2. 1 923
2d. «9, 1907
l8t, 58, LaC.ft Uav. 1919i 100
110
Oregon Imp. Co —lat. 6*.
l9t,S..Uiun.IHv.,ti8,1910, 116V
Gold, 58, 1951
Otei^RBT&NaT.— lst,6*.
2d DlT.,78
Dub. A S.
lat. H. ft]).. 78, 1910 .. 126 "a
Debentnre, 78, 1887....
CWo.ft Pac. I)iv.,6a. 1910 119
Ced. F. A Minn.— Ist, 7« 114
Puiama-S.f.,sub.6s,I910
I8t,01lic.fti-.W.,58,1921 1034
Ind. Bloom. A W.—
Peoria Dec. A Et.— 1st, 6*
lat, pref.,7s
Mln'lPt. Uiv., Sa, 1910. 102 Hjl
924 Evans. Dlv.— lst.6«,1930{
10!
1st, 5-68, 1909
C.cfe L.Suii.Div., 58,1921
78^ Peoria A Pek. U'n— lst,6ai
77
2d. 569, 1909
Wls.ft Mfn.Div.,,")8,19.4l 103 4 103'>4
Paolflo RB.101
102
94
Eastern Dlv.—6a, 1921.
Terminal r>s, 1914
99
Cen. Pac.—O. 6s
Indianap.D.ft.'Snr.— l8t,78 •96
Fargo ft So. .-js, As8U.,*24 115
Sao Joaquin Br.—6b..
Intft Gt No.— l9t,6a,gold 114
•Chic, ft Northwest.—
CaL A Oregon— 1st. 6*
Conpon.Oa. 1909
Consol. bonds. 78. 1915. 138 4 1.'>8V
Cal. AOr.-Ser. B.,ea.
129
KenfkyCent.-M.68,1911
Coupon, gold, 7s, 1902
Land urant bonda, Oa.
Stamped 4 p. c, 1911...
BeglstM. gM, 78. 1902. '128^
West. Pac— Bonda. Oa.
Lake snore ft Mich. So.—
Sinking Jiiml. 6s. 1929.. 118
Wo. R'way (CaL)-l8t,«e
11641 Cleve ft Tol.— .N bds.,78 101^
Sink, tunil. (In. 1929, reg.
80. Pao. of Cal.-lst. 6a.
1084
Cleve. P. ft Ash.— 78 .... :i7'» 118
Sinking riind, 5b, 1929
Ist, 68
80. Pac of \TliBuff.AErle-.New bds,7a 122
Sluk.liiiHl, 5s. 1921«.rBg.' '107
-1.6*
eo.Pac...103 1,1
108
Kal. A W. Pigeon— Ist
Slnk'gfil. deb., 68,1933.1 103
'S..
Union !'
Det.M.AT.— lat,79,1906
25 years (lBl).,5», 19(19.. 102 103
-..89
Ijindt-r
lAke Sh ire— Dlv. bonds 122
K8(^nabav<k I,.s.— Ist.G:
1184i
Sinking fund, 8s, '93..
Consol.. coup.. 1st, 78. 1294 lao
Dea M.ftMin'ap.— lst,78
135'
Keg.Ss. 1893
Consol., reg., lat, (B.. 1274
Iowa Miitland — 1st, 88..
CoilatrralTmates...
1)8»8
Consol., coup., 2d, 78.
Peninsula— lat, conv., 78
Do
58, ll<07
Consol., reg., 2d. 7a... 1174
Ctilc.&Milw'kee— l9t,7a 128 129
Kans. Pac— lat,0a,'9.-)
107".
Win. ft St P.— lsl,7s,'87|
Long Isl. KR.— lat, 7s, '98 123
1st, 89. 18<.>6
122
lat consol.. 3s, 1931 .. 1084 109
2d, 7s. i;K)7
35
Grt, cmrei.cy. 191H
MoltKHt'i'. i)8. 1911
Che.s.O.clts.W.- M., 5-68..
10714 Tax, <t
0.
.
Det.Ma('k.ftMarq.— l8t,6s
6». KOlil, serlos A., litOS.I
88, goW,t.«irio8iJ.. 19081
BCORITICa
107
Kl((v -'.'(I.II4.IH9II
i
•69 "a
Cbetiapeako ^<t OhioPur. inMiipyfun(l.,l?*9S.
uu
1344 i8S<a
Metpn.
134
Ashl'd Dlv ..l9l.««,1924| 102
llOKt 111
Alb. ± Huaq.— si, 7a
Millt,7a;i927l '1-28
lst,eona,guar 78,1906 128 lr.>9J,
I.
.7s, 1909 '118
42>« «SHi
118
lat,cona,guar.6s.l906 117
s
Rena. ASar.— lBt,cp.,7s 141 « 143
^I,7b.1010
104 >s 105
Ut,reg.,7a, 11)21
141 H,
II. 6s. 1921
84
D«nv.<jt Rio Or.— 1st,, 7s.. [xllB il7«li Me
III ,6a,1920
•82
<(
Ist, consol., 7», 1910
;iJO
78"^
108 >•
•70
ijoutral lowA-lBt, 7s,'99t
VM-'t I2li>«
)..7a.
N. V. Lack.* W.-l8t,fi8 127 V ..
121<a
Construction, !i», 1923 10414:105
107', Del. ft Hud. Canal— lat,7« UOiillS
>^
Mluli.A.st.I,._l»t,7».Kii
la.Clly iC Wont.— Ist.Ys
f. Uiip. I.K.>t N.— lat,(i»
gua
BSCURITIE8.
Aak.
Mortis A Rssex— Int. 7* 140>s
Hi US
8d,7«.1891
120
Bonds, 7a, 1900
78 of 1871,1901
83^ 83 >9
galtliiiuri' .V (ililo—
Int.tiK, I'aik. Dr., 1919
Ca, KoUl, 1925
6h, KUhl, rug
Bnr. C. K.ip.A No.— l»t,5a
Cou.Hol.
lol. tr.,.')S,li»8-l
Bid.
« W.—Contin'd-
.
454
'
1
Couvuua udL
,
84
!I64
—
.
—
.
—
'
,
THE CHRONICLE.
718
New York
PRICK.
COMPANIES.
Marked thuB
(•)
are Par.
not National.
..
1
tPrlces by E. S. Bailey, 6Hi Pine St.]
l.liit.
Bid.
PRICE.
1
100 169
Amer. Kxohange
Amer.Bxobange... 100 126
26
26
Butchers' 4 DrOT'8'
100
100
26
100
Chemical
26
100
100
Oonimeroe
100
Oontliiental
100
Com Exchange*
25
25
Bleventh Ward*
100
FinhAveune*
100
100
30
German American*.
Oreenwlcli*
Imp.
& Traders'
Iteather ManuT re' .
Manhattan*
Market
Mechanics'
Meohanlc8*<ft Trads*
Merchants' Exch...
Metropolitan
New York County
.
N.Y.Nat.Exoh....
Ninth
North America*
North River*
Pacific*
Park
Bt.
Nicholas*
Seventh
Ward
Bhoei Leather
State ot
New York*
Thlrfl
.
.
Tradesmen's
United States
60
100
76
100
26
100
100
50
100
50
100
26
26
100
60
60
100
60
100
100
100
100
70
30
25
60
100
26
20
100
100
100
100
100
100
100
40
100
OOMPANISB.
ABk.
276
145
Par.
60
100
25
26
17
20
70
100
60
100
40
100
30
60
17
10
100
100
50
60
25
100
15
50
100
40
30
20
40
50
100
25
60
60
50
60
60
37 13
35
100
50
25
26
100
20
50
60
26
50
100
100
25
26
10
60
...
Bowery
112
160
160
Brooklyn
City
2700
115
256
ISO
110
175
100
115
6U0
976
Commercial
Continental. ........
iei"
112
185
136
109
150
100
110
265
132
152
115
166
160
155
146
108
120
117
1C2
160
132
116
.
.
iii"
Hamilton
Jefferson
126"
Kings C'nty (Bkn.).
Knickerbocker
Longlsl'd (B'klyn)
Manufac. & Build..
Mech. & Traders' ..
125
Mechanics' (Bklyn)
i'bi"
160
110
German- American
Germania
Greenwich
'ui"
120
130
100
29
126
180
135
102
118
105
Empire City
Firemen's Trust
Franklin & Emp..
120>2 i25'
si"
Montauk(Bklyn.)..
Nassau (Bklyn.)
...
N. Y. Equitable....
i22"
North Blver
Pacific
iW
Purk
Peter Cooper
iii"
125
126
fVoL. XLI.
Qaotations lu Boston, Philadelphia and Baltimore.
Local Securities.
Inanranee Stock Liat.
Bank Stock
Standard
Star
Sterling
Stayveaant
United States
Westchester
Williamsburg City.
Bid.
150
97
ISO
160
160
125
116
120
25
220
235
77
75
107
85
25
40
220
126
108
193
70
108
125
130
70
115
215
88
96
100
35
80
60
lOi
95
145
85
160
65
138
100
166
104
145
105
110
115
100
65
66
105
130
120
220
Ask.
165
103
135
175
170
130
120
125
30
242
83
100
112
90
36
50
230
U'J
210
75
115
130
135
76
123
225
90
100
105
45
85
65
112
100
150
»()
170
70
143
107
170
no
\f.!>
110
146
120
105
60
00
110
135
125
232
ioi
BOSTON.
Atch. A Topekar-lst, 78.
Land grant, 7s
Boston A Maine— 78
Boston A Albany—7b
Boston A Lowell—7s
Boston A Providence—7s
Burt. A Mo.— Ld. gr., 78
GAS COMPANIES.
Brooklyn Gas-Ijght.
.
.
Citizens' Oas-L. (Bklyn)
Bonds
Par.
26
20
1,000
Consolidated Qas
Jersey City & Hoboken.
Metropolitan—BondB
..
Mutual (N. Y.)
Bonds
Kassau (Bklyn.)
,
1,000
100
1,000
26
Var's
10
1,000
Var's
Scrip
People's (Bklyn.)
Bonds
Bonds
Williamsburg
Bonds
50
1,000
Metropolitan (Bklyn.)
100
Municipal— Bonds
Fulton Municipal
Bonus
1,000
100
Boultablc
Bonds
100
20
100
,
1,000
&
Amoni
Co., Brokers, 49
Period
2,000,
1,000 Var's
),000 Var's
1,200,
260,
),000|A.&O.
35,430,
),000
i,000 Qnar.
756,
700,
),000 F.&
3,500,
),000 Qnar.
),000M.&N.
1,600,
1,000,
),000, Var's
l.OOOlM.&F.
700,
1,000.
).000 Qnav.
400,
>,000 M.&N,
IDO,
),000 A.ifcO,
1,000,
),000 Qnar.
>,000 A.&O,
1,000,
),000l
1,000,
760,
),000 M.&N,
),000
3,000,
300.
).000
2,000,
),000
1,000,
1,000
A
Date.
a
*
Street.]
Bid. Ask.
Nov. 2,
July 1
126
87
104
SHl'DeclS,'
99
140
2>a!Oct. 1,'
3
1902
114
2 "2 Oct. 10,'
136
103
3
1902
2 'Oct. 1,';
128
2^:Nov. l.'i
100
II3 Dec.15,'
85
105
3'a Nov. 1,'
3
Oct. 1.
98
3 Oct. 20,'
162
112
3
1900
3 July 1,
98
1888
105
31a
Oct.lO,' 86 160
1900
105
135
6
1900
110
5
3
•
12s
88
107
100
160
117
137
105
130
86
108
101
165
115
100
110
162
109
140
113
91V IthacaAAth.— 1st, gld.,78
Debenture, 10s
N. Y. A N. England— 7s..
11334 115
Leh.V.— lst,0s,C.AK.,'
10715
107
2d, 7s, reg., 1910
123 l'J3-9
Cons. 68, CAR., 1923..
Ogdensb.A L.Ch.— Con.68 93
N. O. Pac— Ist, 6s, 1920.
28ii No. Pcnn.— 2(1. 78, cp. '96.
{27
Income
Old Colony— 68
Gen, 7s, 1903
Pueblo A Ark. Val.— 78.. 1221a 123
Debenture 6s, reg...
100 107
Rutland— 68, Ist
Norfolk A West.— Gen.,68
100 "a 101
Sonera— 78
N. R. Div., Ist, 68.1932
STOCKS I
N. Y. Phil. A Nor.— 1st, e
Atchison A Topeka
851a 85'^
Inc., 68, 1933
914 Oil CityA Chic— 1st, 68
Atlantic A Pacific
179 14 Oil Creek— let, 6s, coup
179
Boston A Albany
119
Boston A Lowell.
Pennsylv.— Gen., 6s, reg.
180
Boston A Maine
Gen.,68, cp., 1910
184
Boston A Providence
Cons., 6s, reg., 1905...
Lynn 122
Boston Revere B. A
Con8., 68, coup., 1905..
10 la
California 8outhei-n
Cons., 6s, reg., 1919...
—
i9i
Canibrid>.e
Pa. AN. Y. C.-7S, 1896
Cheshire, preferred
i95
7,1906
---
A
So.
Pac— 78
—
A West Michigan..
Chic.
Cinn. Sandusky
A
Cleve.
Stk
Istmort
Br'dway&7thAT.—St'k.
Istmort
2dmort
B-way Surface bds.gnar.
Bondsguar
Brooklyn City—Stock
Istmort
Bklyn. Crosstown—Stock
Ist mort. bonds
100
1,000
100
1,000
1,000
1,000
1,000
10
1,000
100
1,000
Bnshw'kAv. (Bkln)— Sfk
100
Central Crosstown- Stk.
100
Istmort
1000
Oent.Pk.N.&E.Riv.-Stk
100
Consol. mort. bonds
1 OOO
Ohrist'ph'r&lOth Bt— Stk
Bonds
100
1.000
l>ryDk.E.B.cfcBat'y—Stk
100
1st mort., consol
SOO&c
Scrip
100
Eighth Av.—Stock
100
Scrip
100
A Or'nd StP'ry—Stk 1 00
Istmort
1,000
42dSt.Manh.&St.N.ATe
100
Ud
900,000 J.& J.
700,000 J. A J.
2,100,000 Q.-J.
1,500,000 J. &D.
600,000 J. * J.
Jnlyl, '85 27
July, 1900 114
7
2
Oct. 1. '85 276
6 June, 1904 109 Hi
6
1914
108
1,500,000 J. & J. 5
1924
110
1,000,000, J.&J. 5
1905
108
2,000,000 Q.-F. 3>9 Nov.,1885 203
800,000 J. & T. 6 Jan., 1902 108
200,000 A.&O. 4 Oct., 1885:168
400,000 J.&J. 7 Jan., 1888 105
600,000 Q.-F. 2 Nov.,1885 102
600,000 Q.-J. IV, Oct. 1. '85II6O
250,000 M.&N. «
Nov.,1922 114
1,800,000 Q.-J. 2
Oct. 1. '85 141
1,200,000 J. &D. 7
Dec, 1902 122
650,000 Q.-P.
Nov.,1885 135
250,000 A.ifeO. 7 Oct.. 1898(110
1,200,000 Q.-F. 24 Nov.,1885 202
900,000 J. AD. 7 June, '93 114
1,200,000 F.Jt A. 6
Feb., 1914 106
1,000,000 Q.-J. 24 Oct. 1, '85 '240
1,000,000
A. B
Feb., 1914 110
748,000 Q.-F. 4 NOT.,1885 255
236,000 A.AO. 7 April, '93 112
2,500.000
45
m
PA
Istmort
1,000 1,200,000 M.AS.
3d mort.. Income
1,000 1,600,000 J. A J.
Houet.W.St.4P.F'y-Stk
100
250,000; Q.— F.
Istmort
600
600,000 J. A J.
Ninth Ave
100
800,000 Oct.
Second Av.—Stock
lOO 1,862,000 J. A J.
Istmort
1,000
400,000 M.AN.
Consol
Sixth Av.— Stock
iBtmon,
Talrd Av.— Stock
Bonds
Twenty third St.—Stock.
Istmort
•
1,000
100
1,000
100
1,000
fi"
li
2
7
3
6
6
1,050.000 .M.AN. 7
l,50(l,0(l()
M.A
S.
A J.
Q.-F.
J. A J.
500,00(1 J.
100 2,000,000
1,000
'4
419'
Fltchbnrg
Flint A Pere Marquette
Preferred
Fort Scott A
PrefeiTed
2,000,000
600,000
F.AA.
250,000 M.AN.
5
7
4
1910'
no
1915
70
Nov., 1886 148
1894
111
140
Jnly,1885 iOS
1910
107 la
May. •88 106
•Sept.,
190
Inly,
Nov.,
7
Jan.,
4
7
Aug.,
May,
110
316
118
283
111
109 <a
207
112
175
112
167
165
118
143
125
140-9
116
20719
llOHi
109
260
260
117
50
112
155
11319
210
109
111
115
3i5
113
260
112
114
»kl» (olOBii Shows last dividend on rtodkj, but date ot matonty ot
Iwnd».
601a
653i
120
A Sioux City
Kan. O. Clin. A Springf d
Kan. C. Spiiugf. A Mem.
Little Rock A Ft. Smith
Xouisiaua A Mo. River.
87
87
Mass. Central, pret
Metropolitan
Mexican Central
Nashua A IjlweU
N. Y. A New England
132
71
19-
...
26
75
18
99
20
100
"38"6
103
121
160
160
i
'
PUILADELPHIA.
Preferred
A
Phil
Preferred
Camden A Atlantic
PrefeiTed
,
1st preferred
48
—
A
A
United N.
J.
A
CANAL STOCKS.
10%
65 "a
60
63
Conv., 7s, B.C., 1893..*
E.ext.,19I0
7Si>4
,
76V
36
33
19
38
36
21
57011
36H
20
A Erie— Ist, 7s,
Haz. A W.— Ist, 68 103V
Sunb.
2d, 68,1938
Syr.Gen.A Com,— Ist,
99
78.
A Pac— Ist, 68,1906
Consol., 68, 1905
Union A Tltusv.- Ist, 7s.
40
Cons. 68, gold, 1901...
Cons. 6s, gold, 1908...
Gen., 4s, sold, 1923...
102
Tex.
65
106V
05 V
United N. J.— Cons.68,'04
681a
BALTiniORE.
Atlanta A Charlotte
100
Baltimore A Ohio
1st pref
2d pref
71
Western Maryland
533<
6"9
5114
60
55
11
RAILROAD BONDS
Cin.
Wash. A Bait.— Ists. 101
72 'i
2ds
3ds
4118
Ist Inc., 68, 1931
4818 ColumbiaA Greeuv.— lets 108
6s, Series
5s, Series
A
B
Pittsb. ACon'ells.—78JAJ
Union RR.— l8t,gua.JAJ
106
W.Md.—83,
873i
101 14
73
41V
110
88 V
10019
120 "a
121
108
124 Is
Canton endorsed
Virginia A Tenn.— 68
126
88
106
100
Ist, g.,
A
J.AJ.
J
2d, pref., J.
2d, ruar. by W.Co.,J.AJ.
J
6s, 3d, guar., J.
Wilm. C, Aug.— 6s
A
47 V Wll.
7s
Per share.
34
180
120
Atlanta A Chart.- Ist..
Inc
99
Haltimore A Ohio—48..
lO-a Cen. Ohio.— 8s, Ist.M.AS. 108 V 108 V
116
Charl. Col. A Aug.— Ist.. 115
20
118
103 V
Cons. 68,1921
l8t.Tr. 6s. 1922
177
135
125
60
60
Ohio— Com
120
104!'<
.
RAILR'D STOCKS.tPar
Parkersburg Br
20
A
3d, 68. 1887
Bell's Oap— 1st, 78, 1893
Ist, 68, 1905
Consol., 6s, 1913
Bnff. N.Y.A Phil.- l8t,6l
2d, 78, 1908
111
Sunbury
2ds
No. Central— 4 Vs, J. A J.
68,1900, A.AO
122V 6s, gold.1900, J.AJ....
RAILROAD BONDS.
1
119V 120
noi
A
ShamokiiiV. A Potts.— 7f
Shen. Val.-lst, 78, 1909
Geu'16s, 1921
Income, 6s, 1923
"av
Inc. 78, end., coup., '64
ABhtab.
Pittsb.— I8t,68
Ist, 68,reg., 1908
Bait. A O.E. side— Certs.
Belvld'e Del.— lst,6s,1902
i'la"
Conv. 78, cp.off, Jan.,'86 "98*
Phil. Wil.A Bait.—48,tr.ct
Central
Pref
3914
Allegh. Val.-7 3-108, '88
Bx.diTld6nd.
Cons. 58, 1st 36r.,c.,1922
Cons. 5s, 2d 8er.,c.,1933
Conv. Adj. Scrip, '85-88
Debenture coup., 1893J
2d
Hchuyikill Nav., pref...
*
671a
50
47 '6
Lehigh Navigation
Pennsylvania
78,
Cous.,68,g.,l.R.C.1911
Imp., 6s, g., coup., 1897
Oen., 68, g., coup., 1908
Gen., 7s, coup., 1908
2d, 6s, reg., 1907
15
22
Companies.. «207
West Jersey
West Jersey A Atlantic.
jl22
A Del.— l8t,6s,1886 81
Lehigh Nav.— 6s,reg.,'84 llOia
Mort. RR., reg., 1897 .. 119
127
Cons., 78, reg., 1911
87
Pennsvlv.— 68, op., 1910..
90
97
100
Schuylk. Nav.— lst,6s,rg,
58I4
A Broad Top
Phila. Newtown
N.Y..
Phila.
Reading
Bait
Phila. WUni.
St. L.— Com.
Pittsb. Cin
98
Ches.
65
50
133
43
43
Preferred
Lehigh Valley
Preferred
Little Schuylkill
Mlnehlll A Sch. Haven...
Nesquohouing Valley
Norfolk A West'n- Com.
Preferred
Northern Central
67
North Pennsylvania
5319
Pennsylvania
PbUadelphiaA Erie
Phila. Ger. A Norristown 5109
A
130
130
122
121
110
119
CANAL BONDS.
16
Catawissa
Huntiugd'n
I
1st, 78. 1899
II419
Cons. 6s, 1909
W.Jersey AAtl.—lst,68,C.
Western Penn.—68, coup. 109
110
6s, P. B., 1896
nio
Gen., 7s, coup.. 1901
,
oap
54-4
126
ISO
109Vi
102
98 100
105V loa
40
Warren A P.- Ist, 78, '96 1031a
II2I4
West Chester -Cons. 7fl
W.Jeraey— l«t,8s,cp.,'96 117
RAILROAD STOCKS, t
Allegheny Valley
Ashtabula A Pittsburg
Buffalo N.Y.
124
140
128
Pitts. Cin. ASt.L.— 78....
B.— 78,cp
Pitts. Titns.
11»<
122
Northern of N. Hampsh.
Norwich A Worcester
Old Colony
Ogdensb. A L. Champlaln n*
Portland Saco A Ponsm. 123
20
Rutland— Preferred
18
131..J
Suniaiit Branch
113
Worce.iter Nash'aA Hoch 112
2034
Wisconsin Central
29
PrefeiTed
Bell's
V
Scrip, 1882
i'io'
26-14
IIV
Preferred
90
A
Income, 78, coup., 1898
30
65
44
57
64
42
19
ioO
11119
90
109
Cons., 7s, coup., 1911
171a
17
105
105
N.Y.— Ist
Phila. Newt.
R.— lst,6s, 1910 5120
Phil.
117
2d, 78, coup., 1893
I'iO
Cons., 78, reg., 1911 ..
A
5
108
OuU
Iowa Palls
Cons., 6s, 1920
Cons., 68, 1920
87
8619
106
1101.
93
Phil.ABrie— lst,78,cp.'88 111
106
Det. Lansing A No., pref.
Eastern, Mass
105
Perkiomen— lst,68,op.'87
18
17
Concord
Connecticut River
Conn. & Passumpsic
Cleveland A Canton
Preferred
281a
50
47
136
126 V
Jack. A Southe'm— l8t,68
Gen., 6s
90
124>a 123
6s
2d mort
N. Mexico
,
Bl'oker St.* Fult.P
122
Del. A Bound Br— lst,78
122 "a Bast Penn.— Ist, 73, 18""
109=4, EastonAAmb'y— 6s, 1920
El.AWm8p't^Ist,6s, 1910
58, perpetual
llO'V Harrisb'g- l8t, 88, 1883.
49'8 H. AB.T.— Ist. 78, g., 1890
13 '4
Cons. 5s, 1895
13
2d preferred
Delaware A Bound Brook
East Peiin.sylvanla
Elmira A WilUamsport..
[Qaotations bj H. L, Gbujt, Broker, 145 Broadway.]
68, 97.
Catawissa— 1st, 78, con. c.
Chat. M., 10s, 1888
131
New 7b, reg. A coup
Connect'g 68, cp., 19(50-04 120
Cor.CowanAAnt.,deb.6s,
Delaware— 68, rg. A cp.,V.
119
120
I
118
1904
Cons., 6 p. c
Cam. A Burl. Co
;
108%
A Atl.—l8t,7B,g.,'93
2d, 6s,
—
Scrip
1081*
Mort., 68, 1889
Cam.
.
Preferred
Wall
1241a
124
118
Nebraska, 6b. . Exempt 119
Nebraska, 6s.Non.ex'pt 1031a
03
Nebraska, 4s
Conn. & Passumpsic— 78,
Easl'rn, Mass.— 68, new.. 1211a
n22
Port Scott A OuU—7b
K. City LawT. A So^6b.. 109 ii
K. City St. Jo. A C. B.— 78 12219
Little B. A Ft. S.— 78, 1st 113
K. City Sp'd A Mem.— 68 llOU
iVh
Mexican Central—78
Income
Ask
Bid.
Bnff.Pltts.A
—
Marq. HouKht'n A Outon.
Gas and City Railroad Stocks and Bonds.
8ECURI TIES.
W.— Gen.,68
Cam. A Ambqy— 6s, c.,'89
SECURITIES.
Preferred
Maine Central
[OkB Quotations by GEO. H. Pebntiss
.
t
A
A Weiaou—58
In detault.
{
108
107
117
Last price this week.
. .
. .
.
.
.
KMBER
i>l!(
10,
,
;
'
THE CHRONICLE.
1885.J
RAILROAD EARNINGS.
The
latest railroad parnliiKx
and the
Nfiw York
from Jiui, 1 to
latest date are Kiven below.
Th» Btutemont Include thn gnm
earningB of all railroodg from which retunu can be obtained.
totals
Lnlett Eurning$ Urporltd.
•^ilu. 1 In
iMlrM
R0AI>8.
VTctkorU,)]
1S8.*
1884.
188B.
.\:
•-
111.7
1
1,111)1), II
I
H.
i;
I'.
,V
wfk etwliim
\'i
I
'.'.«;
1
r,
p.
Smocttttd
Bute
OM
Tork OMy
of Ifinr
DwoBinbar U. IMftt
for tte
ItulM.
tSXn.
m»Ar~
1
MMilmtUa
12.711,1111
nu
ntr liMkl.-TlM '-"-— nimiiii
(»ndlii..n of th..
l»«w York
Ala. Ot. Soiith'u NovcmbiT.I
0H,»I37|
I'J
'"'•I
.il,(17ll.07.'>'l,71
Atoll. T. A S. I•Soiiorn
'J7,ll<>
'J
Ball.
.
..
.
!
MwohnDta'
1
•.•
»-
SrV.a.
M.
MvoliMilaii'
Amnrlr*
I
.:.
..,,_,,
I
i.«5:.
LUI.'.tl.i
700
itTr..
.iiAnnf'ra.
•iflil.lUO
l,S'J3.n<M
S,IM.tlM
i.isvooo
s.a7a.0M
l.-i(i,o;i7
c'liif. r.iu;. .v
•)
;,(w:!,,-i'.i7
* Hiwt. Ill Ul wk Doc
Chio. iMil..V:8t.P 2(1 wkUfi'
Chic. ANortliw.
IwkDc.'
Ch.8t.r.Mii)..t0.il''l wk Dec
Chlo. A W. Midi, lit wk 1><
Cin.Iutl.^t.L.A-C.jlst wk l>iiv
an. N. O. ,tT.P. NdviMiitvr.
ll,20ii
t'hic.
.'ilO.IKM)
'-1
10,2
nh
I
Wuril....
of N. Y
-i
.">l(i.l72
'•'11
lls.sTs
22.7o:i
Clev.Akron.^tCiil )«twkl)cClev. & (."iiiitnn. OttolMir...
8,170.0
»..',.,
2!l,S(il
Flor.
.
.
701.1-10
1,799,701
2,121,918
sTh ^>0-<
431,391
437,200
200,231 2.230,070 1.983.039
349,452 14,197,035^10,025,827
30,210
.
Tox. CWopti'inbtr
100,0,-0
2S(i,«93
wk Doc
2S(l,!)(i:J
Istwk Dec
llnrt.Blooiu.VW. iHl wk Doc
10,10s
47,077
k.C.Ft..'S.A(}iili. nil
&
Com KxohanKe
«,S0,(;93
3.">,r>89
Wk. Do 5. 5
Gr. B.W.&8I. P.o.tobei-..
Gulf Col. A 8. tV.'N^n•pinti^'r.
wkNov
,-il,18s
C. .Sp. At M. Ith wkNov
Keiitnoliv I'eut'l Htolier...
34,717
y(),2,")S
L.Rk.A Ft.Suuth.Ootober ...
L.Rk.M.Kiv.A T.O.tober ...
70,s2s
13:f,:!39i
42.01.)
Do
(lowiii
Kan.
Lone Island
La.
A
Mo.
|2d
wk Doo.
Rlver.|r<ciiteiiibir
578.103
3,084
120,213
08,042
122.2W2
•.Mexican ("ent'l. 1st wk Dei'
*Mox.N.,all liuex .S'ovcniber
Continental
Oriental
Importer!' A Trad,
2,201,e81
1.003,988
773,412
432,002
270.091
802,252
8V)3,85i
1,029,934 1,111.804
3.29S,997' 2.7.3!l,027
1,401,479, 1,430.790
10,2401
321,739
487,993
l«t wk Dee
21,12.-., 1,274,332
1,009,503
Minn'ap. A St.L. Uclobcr
173,739 1,412.709| 1,498,482
Minn. A Nortliw. November.
253,332 1,773,6721 1,87.%775
Mobile A Ohio (Noveinbei'.
288 927 2,813,583; 2,37.5,532
MorKan'.s La. AT. September
19o!()r)li l,941,200i 2,101,170
Naafi. Cli. ASr.L. Xovemlier.
448,357
015,311
91,904
N.O.A Northeast November.
8,53
N. Y. City A No. 10 dts Dee
1,623,737 1,311,139 12,908,793; 13,907,571
*N. Y.L.Eric AW. Jetobor
,524.869; 524,530, 4,124,770| 4,680,91"
N. Y. Pa. A O. October...
•33,243
339,903 300,734 2.822,551
N.Y. A New Eng. October ...
155,1871 151,970, 1,725.5!)2 1,803,905
Y. Out. AW.. November.
N.
849,249
908,005
105,087
99,039,
N.Y.Susq. A West October
23,.54Gl
N. i'.Tex.A Mex.'Seiitcml)«r
08,412 2,5.50,052 2,517,947
57,390,
Norfolk A West iHt wk Do<'
331.011
519,795, 4,499,029 4,604,804
Cent'l. lOetolier
Northern
184.934 198,7Sl!
Northern Pactllc|2il\vkDec.
303,003 354, 8SO 3,064,750 3,143,850
October
Ohio A Miss
425,892
425,949
48.S74
49.740
November.
Ohio Southern
309.358 333,129 2,419,0.59'; 2,837,513
Co. October
Oregon Imp.
771,777
113,409 1,499,925|
170.833
Oregon Short L. Ootober
80,548'
118,(H)5
Oreg. R. A N. Co. 1st wk Dec
Xtobor ... 4.339,1 74 1,4 17,547 '37,596,806i40,84C,616
Pennsylvania
13,lo9
13.2'j
Peoria Dee. AEv. IstwkDecl
391,0271 -•"--.-.•,-,.
341,790 „...,.-. 2.703,4181 .1.0.52,733
Phlla. A Erie.... October...
^,
.:2.87-i,370 2,940,341l23,971,.5(.4 20.102.404
Phlla.AR.'i«ll!ig October..
Do C. A Iron Octob^.r... 1,837.500 1,729,023 13,(K>9,s2li i;i,,40,.j,4
302,300 371.3()0 3.009.111 3,301.390
Kichm-aADanv. November.
092.131
734.027
84,
77,733
Ch. Col. A .\ iig. Noveml)er.
001,924
020.937
88,102
78.023
ColunibiaAGr. Noveinlwr.i
328.382
000.344
72,397
72.928.
Georgia Pac... November.
122,713 1,420.015 1,474.484
132,291
Va. Midland.. .November.'
39'<,4S0
427,371
.38,039
43,059
West. No. Car.. November.,
20,9S9 1.107,739 1.091,775
25,.372
Roch. A PittHb'g -J 1 wk Dec
182,240; 170,201 l,4l5,809i 1,419,805
Rome Wat. A Og. O<tober
992,130
21,741
23,428
8t. Jo. A Gd. Isl. Isl wk Doc
25,308 l,130,327i l,2.34.i'26
20,243
et.L. Alton AT. H. 1st wk Dec
090.91S
(i93,172
13,473
1 4,080
Do Branches ,. 1 St wk Dec
173.021
OOl.llo
12.309
13,488
8t. L. F. 8. A W. 1st wk Dej
83,20O 4,192,100 1.171,909
79,100
St.L.ASan.Fran. 2dwkDec.
24,413 1,325,391 1.2.->«,282
36.422
Bt.PanlA Dulnth 2d wk Dec.
St.P.Min.AMan. Noveinlier. 803,-!78 879,440 6,804,576 7,494,758
31,03.)
Scioto Vallev... Oct ibcr...
008,263
9i8,2V6
134,961 157,352|
South Carolina; Ootober
Milwaukee A No
Mll.L.Sli.A\Vo.st.|2awkDe.'.
!<
no*
30 1. 600
I.'.IlIB.IK)
87t.000
716,300
47>,000
4.M40»!
-•
3&l>.000
6,416.000
6,008,400
51.000
.'.81.500
334.800
3.395,700
3.184.000
630,000
5,1.M.3)0 2,284.800
18.»9ti,800, 4,240,700
&,i7,l,400 1.610.100
l,151,:il)0
17.«!);t.8')0
S.8i0.i)00
3,f.)4,0UU
Central National..
Second National
Ninth National.
First National..
2.181.1.37
l->.ai4.MM
190,300
»«7,700
18.034.500
1,731.000
Third National ..
.V. Y.Nat. Kioh..
1,002,017
'm
4.M7M0
r.aoo
1.600
•l."i)0
H.lil.»00
20
Park
North RiTer
Bast River
Ponrth National.
1.712,078
9,703,!HK)
230.100.
41,007 2.704.007 2.0'*9,3-;7
,3()1.;W3
70,001
409,933,
3.->,0,-,3'
424,818.
320,231
312.31).-. 12,701,505|12,«82,ei3
Louisiana West, iSonti'mbiT
Loui«\ .A Na.shv. l^t wk Do:'
Manbiittan Elev November.
Mar.HoiiKli.A U.i Idt wk Due
Mem. A Cliailes.' October...
...
1,.58.V,.H47
l,fi20,R>ii
1.338,093
10,09 1.07li
1.341,130
2.212.201'
2, 32-;, 0721
1,373, 919i
710,3921
Houa.
IU.Cent.(Ill.ASo):l8l
Nlo'aolM
Leather..
Shoe*
71)3,723
I
10
2.034.000
3.887.000
e.7S3.6ao
4.938,900
1.811,100
...^
Market
8t.
-1
3,4i',i.70O
B.'iSa.-iOO
...... ....
.
i
.:,..
8,008.000
3.770,000
[rrlni;
Nauaa
l<.),0.-> 1
D.Mi. Novtiulicr
Gal.IIiU'.ikS. An. Si<i>tnrabei'
ono
1,1:74.0 Ml
S.ttl».'i00
8,894.3 )0
..j.los'
.
0UU«n8'
7.7f<3
21,709
412,289
16.220
43,775
23.919
4,IM
Hanover
80,.'i.'j.'5'
!
lit
Grand Trunk
,
Iiani
I
.1.1
Oil,'
North Amarloa...
04',()57
R'way&N. UliwkNov
Ft.Worth
.
341.1S1
21,973
.
I
'lillO
M.KMi
Day. lit Iroiitciii. Oi'loluT...
Denv. & UUi (Jr. 2.1 wk Dec.
Denv. A R. (). W. S.ivomlior
Des. Mo. A Ft.D. l.stwk DimDot.IJiiis'K'^No.flst WK Die
Dab.&Slou'sCitj'lst wk Dee
E.Tcnu. Va.AUa.lOctuber
Evansv. A T. H.iUt wk Doe
FliQt ifc P. Mimi. litwk Dro
11.1.%
a.a.i3.tto"
i(i,2:i.!
Clev.Col.C.A IncI August ...
Danbury & Nor. Oitblier .
•tojoo
l».07l.8)»
wkNi.v
III!
a7J,300
a
ift.sHe.ooo
121,0111)
2;n,i:iii
l;i,oso
C1n.Wi»,sli.& Biilt
KxoU'fV.
1,.S01,400
2,106,»00l
573 6J0
207<.100;
•>00
305,501)
Bowery
N. Y. Connty..
Ueriuan-.Vmeric'n.
Chase National...
388,0)0
4i8.2)0
2,7ft:i,4 10'
a.lM.ODO
260.000
3.61)3.500;
1,9:19,800'
Ltncutn
Oarheld
'ii'.MO
86J.50O
317.400
30i.0J0
•
•'
•^H,900
»00
.6OOI
37«.3(K)
L36-',4a0
1.185,900
3,i77.300
1.63S.500
940. '00
283,500
3.2UI.2()0
1 7:1.000
1,100'
1,700'
l.lr«,3»0!
3,15l,:»00
1.540,600
Pirth National....
U'k of the Metrop.,
West Side
Seaiioanl
Sixth National....
443.600
(.901);
1.8',J5,T00
162.3
.0
l,lK);t
I
1
^,
)0
.:i
193.000
338,728,800 94,019,500 39.069.300 »78.181.800|10,0-i3, WO
Total
The following are
Loant.
188S.
»,7S«.7lX)
'J43.8'J'J
2,o:'.8.600
l,f'67,100!
Oerraan Exoh'nge.
Oerniania
United SUtes
s.cat.ooo
l.lOol
iso.qgo
•i..o:.-!'yi[
i.wol
7i».2,)0
3,141,1001
Avenue
Fifth
'hM
;,.'ilH)
weeta
totala for several
Spteie.
ff^
OtrviiiaNafiU»
Dn><w««.
L. Tend»n.\
O—Tf
. .
.
.
S
•
93.S79.fOO 28,314,200 388,4 '0,900 IO.OSS,500 75O.4aS.TCS
91,581, 100 29,0H,»18):377, 635,200 I0,095,i00 743.1 S8,S<>«
94.011),500i2».069.300l 378.13 1.800 10.093,500 751.110.411
Nv.38
D'C. 5
.
.
,
.
.
.
I
Boston Banks.—Followring are the totals of the Boston banks
. .
<
9
SpMf«.
Loaiu.
I88S.
JL,
DtpoHU.' \C*nulat«M AW.ClMT'f*
IVn4«n.
9.161,300
„
*
•
•
Nv.28 156.277.900
Dec. 5 I5r>.448,9.)0
79,31 1.3»S
5,101.000 116.314, ;iJ0.21.6 17
91.0«5.0M
.1,11)5.000
9.748,8001 4.ai>O.50ollU.3A7.9O0|il.«4 1,800
9 2:<7.600; 4,527,000
12 I51,4.'i6,100
Philadelphia Banks.—The
"•
116,07.->.l!'H)
81.1t».9S4
totala of the Philadelphia
.
are as follows:
I
.
:
OimlatkHi. IM. Ctor't*
DiniUt.'
Lawful ilontt.
IMUU.
1885.
.
.
I
i
1
•
87,810.800
30.037.S00
87.123,200
«t,,»»w.:,w
39,346.800
»a.«»0.000
82,380.800
O
Doc. 6
8i,SO).9O0
37.7 30.300
83;673,700
12
"dae to other Danlu."
•Inoiading the item
....
.
. .
. .
.
.
So.Pac.Ci.inp'y--;
854,766' 659,529
Allan. 8v»l«m;Septeml)er
Pacitle SysUtin septcMubei 2,013,014 2,313,720
tl<
_77,304,
69,318
September
BJcasAN. O
Texas
U
"a
6,200,599
5,291,73.5
"-•:-_-•
708,,. ,0
,:;::„,•
blO,91.i
93.5,079
40,X98
42,103
wk Dee
St. i!iuis
1.12i,100
2,7.W.027 2,619,214 21, 47.40j
Paelllc. .. October.
112,127
.34,029
Ot,-<39
Vloksb'gA Mer.;N()veml)(M-.|
lex
Union
nion
Viok8l).Sh.AI'ac.!No\ ember.
Wab. St. L. A P., 41 h WkNov
IWest Jersey. October ...
. .
Wisconsin Cenfll
1st
wk
D<-e'
01,o38
374.902
93,704
20.301
37W.(;33
33,132
314,302 12,712.032
92,800 1.113.700
31,719 1.3lU,3s;)
20,'. 2.
,
106
111,38.2;17,28-.
13,7:11, 13:>
1.133.670
1,33L223
tEmbrae"»^'th™''L030 mUos north ot Ooshon now oompristng the
Central Pacific system.
. „
_,
« , j , «i»i,„. _-.,
Decatur A SpringHeld In either year.
t Not Including Indianai)0ll8
road.
i Not Including' earnings of New York Pennsylvania A Ohio
t And branohoa.
I
1
A Char. Air L.,bond«
Aim. Hank .Note Co
Bo»t. 11. T.* Weafc—8tk
Uehentare*
N. Y. A Phlla
a
Pref
Trniit bonds, 68
lin.oklyu Klev'd -Stock..
iHt iiiort
Mil nmrc...
II ush lUuialnatinK
Chicago A Can. .80., 1st J»
Orand Trunk
lohlo Cent.- BIT. DIT., 1«(
Cant, troat eart
Cent, mutosr*
tiulv. Ilnrrla.
IS
—
Isonthem Tel.— 8tok
.....I
let moit
3tate of Teon.-8rt l..t.. s
St. Jo. * Oraii
~
rrexa* A P»<J -
1
. . .
.---
M. K.*T.— Income aorlp
N. Y. M. Un. Tel.-«took.
N. V. W. 8h.* B.- Slock.
Keoelvere' crrt
Worth. Pac.—Dlv. bonds-
1
Kcripl'*8.'S
Texas .t SI. Louip,
81. L, il .«
iTex.
A
M.A A.
Dlv.,
-•-
A DIT..Ut mort
.
mort, inTexaa
Hiook del. whan laaaad.
Saa An...
lluudcr.wu Bridge—Stock
Keely Motor
Mexican National ......
Pref
IstiDort
....
lit mort., Sa.
'poatal Tel.<K Cabla-Stook
tat
A
AUanUo
I
Isl uiort.,6s
2dniort
a.
tat mort
PlWahnrgdl Weatem ....
.••
latmort
'poetiU Telocraph-stHjk.
1
Cont. Cons. Imp. Co
Denv. AKto dr.— 6»
Denv. ,ft Kio Or.W
Kdlson Klectrlo LUhl
Eqnlt. Oss Co. of N. Y
Ueurgia Pac.—Htook
Ask
INortk BIT. Oiiaa.-100 p.e
New Joraey * N. Y. ......
Penaaoola
Bnir.
A
ilM.|
StCMHMW.
SaciiritiM.
Chic.
69.466.838
»a.87 6.798
past;
Atl.A Pao.— Aco.Pdrr'U.
.Vila.
46.194397
7,435,500
7,43H.B00
7.431,600
latest qnotatioaB for
Unlisted Secnritles.—FoUowing are
week
j
!
81,3.14.800
Nov. 38....
orwhenlsaoed
tat St..
3.1 >f . "r
wlirn Uan*4..
-'•*''•
JT.'I
If!-
s
Mmort
'Ira^o.
^
-
•••'
Mrli,»H»u..-..«
Pial
1
Ineomaa.
".
Weat N. Car.— Cos. mort.
."!:^!
s
—
.
.
THE CHRONICLK
720
^ nM
jC^iiiXvanCL
cs t
AND
m
je
[Vol.
—
XL.
Uayton & Ironton. The operations of the Dayton
ton road in October were
IX t
&
Gross earoings
Operatiug expenses
$25,037
Iron-
:
|uteIXt geuce.
exhibit of
The Investors' Supplement contains a complete
and
'
8,854
$6, 183
1,216
Net earning.%
Fixed oharges, etc
Funded Debt of States and Cities and of the Stocks
$4,966
Surplus
publistied
Bonds of Railroads and oiher Companies. It w Peoru-'ry,
Denver & Rio Grande.—The company will now pay the
every other month^iz.,
on the last Haturdau of
is fur- coupons due May 1 and Nov. 1, 1885, on the first mortgage
AvrU, June, August, October and December, and
subscribers of the bonds.--(See advertisement.)
the
nished without extra charge to all regular
Oj me
Chronicle. Extra c'>pies are sold to subscribers
subscribers
Chronicle at 50 cents each, and to_ others than
A
Eastern (M.a-s.)— bill in equity has been filed in Massachusetts by the New England Mutual Life Insurance Companv, against Willard P. Phillips and others, trustees, and
at $1 per copy.
Jacob C. Rogers and others. The bill stutes that the compliiint is brought by the plaintiff in its own b. half and iu behalf of all other holders of the certificates of indeirtedness of
the Eastern Railroad Company. The suit is brought to test
New York ProiiUence & Boston.
the validity of the election of the board of directors of the
Eastern Riilroad at the annual meeting last week.
(For the year ending September 30, 1885.)
rhe operations of this road are included with those of the
The annual report of Mr. S. D. Baboock, President, states
Maine, heretofore published.
fiscal year shows a Boston
that the business of the road for the last
inHouston & Texas CentraL—The statement of gross and
faUing oft of $45,444. The ordinary operating expenses,
year. The net earnings and surplus for September and for nine montlis
cluding taxes, are $7,706 less than in the previous
extraordinary expenses are $41,566 more. This large defi- from Jan. 1 is as follows
rebuilding
Jan. 1 to Sept. 30,
September.
ciency is mainly accounted for by the outlay for
1885."
1885.
18S4.
1881
bridges and locomotives, the cost of which was $32,253. The
$304,532
$286,833 $1,538,693 $1,712,078
Gross earnings
net earnings are $79,305 less than last year.
Ia3,ll2
1,377,014
1,175,283
192,976
five milPS in Operating expenses
In December, 1884, the Pontiac branch, nearly
$161,649
$536,795
$111,556
$153,431
Netearnines
length connei ting the main line with the Pawtuxet Valley
quarterly
Deductroad, was jmrchased for the sum of $70,300. Two
$57,381
$193,411
$6,126
$52,719
2i^ per cent have been received upon the com- Eenewals&betterm'ts.
dividends of
Stonington Steamship Surplus
Providence
$104,265
$13.3 i4
$100,702
$105,430
Emy's investnient in the
This stands in the balance sheet, at par. $804,900,
ine.
In 1883 the gross earnings for the nine months were $3,315,has been recently sold at 150. No progress 975; net earnings, $921,903; deducting renewals and betteralthough its stock
has been made during the year in securing better terminal ments, $579,344, leaves a surplus of $343,558.
facilities in Providence, but the increasing diflaculty in proLake Shore & Michigan Southern.— New York Chicago &
viding suitable accommodations for the traveling public must
Louis.— There has been no official information yet as to a
soon lead the City Council there to take action in the matter, St.
settlement between these companies, but the reported issue of 5
Below are the earnings and income for four years :
per cent bonds by Lake Shore receives some conQrination in the
EAKSINGS AND EXPENSES.
Jones' News
18-3-84.
1884-85 sharp advance of the Nickel Plate bonds. Dow
1882-83.
1881-82.
Earnings"If Lake Shore keeps Nickel Plate
$59it,653 Letter gave the following
5633,241
$598,765
$502,' 00
Passenger
484,514 it will have to issue some security to take up first mortgage
473.397
450,613
432,808
Freieht
75,719
8i.066
78,602
70,842
Mail, express, &c
bonds $15,000,000; second mortgage bonds $703,000; car trusts
total $33,703,000, besides
Total gross earnlngs$l,(J65,t50 $1,133,144 $1,185,330 $:,139,886 $4,000,000; floating debt $3,000,000;
back interest. If the road is foreclosed and bought hv the
Oper. expenpee, inc.
727,6.55
761,516 bondholders Lake Shore would lose the $7,330,000 paid for
690,571
714,305
extraord'y& taxes..
prominent operator calculates that
$419,139
$457,675
$378,370 control of the stock.
$375,079
Ket earnings
if Nickel Plate is reorganized and Lake Shore issues $35,000,INCOME ACCOCNT.
18'3-1.
1882-3.
1834-5. 000 to pay for it, the charges then and now would be
1881-2.
*$418.615
$419,139
$457,675
$375,079
Net earnings
PRESENT CIIAR0E8.
ANNUAL REPORTS.
—
&
:
.
—
.
&
&
:
A
:
Disbursements —
Intoi est
on debt
Dividends
Total disbursements
Balance, surplus
'
$78,402
240,000
$80,286
240,000
$318,402
$56,677
$320,286
$98,853
$81,994
240,000
$321,994
$135,631
$83,226
240,000
$323,226
$95,389
Including $10,245 from investmenta.
GENERAL INVESTMENT NEWS.
Baltimore City Bonds.
—The city of
Baltimore has sold to
Blake Brothers & Co., at 113-05, $500,000 City of Baltimore
Water Loan 5s of 1894. These bonds are free from taxation.
The city of Baltimore pays off $1,000,000 of debt becoming
due Jan.
1,
1886.
Beech Creek Clearfield
&
Southwestern.
$15.r00.000 Ist 68
$4,000,1 00 car trust 68
$4,000,000 floating debt
—The committee
of stockholders having in charge the reorganization of this
company met this week and prepared a circular, which was
sent to each stockholder, asking for an assessment on his holdings, the total of which is to be used in paying the $1,300,000
for which $4,500,000 of the company's bonds are pledged as
collateral.
The committee is composed of W. K. Vanderbilt,
Chairman; C. C. Clark, Joseph M. Gazzam of Philadelphia.
Gen. C. J. Langdon of Elmira, President of the Clearfield
Bituminous Coal Company, and George F. Baer of Reading.
This debt of the road having been paid, the company will probably be reorganized under the laws of the State, and each of
the present stockholders take his proportionate share in the
new company. This is the proposed plan, but it will be decided on definitely at a meeting of the committee to l>e held in
New York, Dec. 28. All of the stockholders agreed to pavt he
aBsessraent except Franklin B. Gowen, and it is thought" that
he will agree to do so beforethe committee meets. This reorganization will not affect the propo ed transfer to the Pennsylvania Railroad.
Chicago & Atlantic— The Chicago & Atlantic Railway in
November, 1884, defaulted in the payment ot the interest due
on its first mortgage bonds. Some of the bondholders living
at Amsterdam brought suits against tlie New York Lake Erie
& Western and the New York Pennsylvania & Ohio companies
to compel the payment of the interest, claiming that those
companies had guaranteed the Chicago & Atlantic bonds. Judge
Wallace, in the United States Circuit Court, has now sus'ained
demurrers of the Erie and New York Pennsylvania & Ohio
companies, which took the ground that the Chicago & Atlantic
bondholders had no right to bring such an action aganstthem.
He also dismissed the compUints on the hearing, holding that
there was no agreement on the part of either of those companies to pay interest to the Chicago & Atlantic bondholders.
$900,000
240,000
210,000
(Inc. 2ds)
$1,380,000
Total cliarges
UNDEB KEORGANIZATION.
$79^ 000
$15,900,000 Ists at 5 per cent
t$i,OO0,OOL) oar trusts at 5pereent
$1,000,000 bonds lor debt at 5 per cent
150.O00
200,000
$1,145,000
Total
•
6 per interest included,
t
Car trusts already scaled.
" This would reduce the fixed charges $235,000 per annum,
would use $33,900,000 bonds, and leave $3,100,000 in the Lake
Shore treasury. Lake Shore is understood to hold $4,000,000
of the 3ds as collateral for
Lehigh
—
&
Hudson
monay advance!."
River.- Lehigh
Coal
k
Naviga-
tion. Tiiere has been no consolidation between these companies, merely a traflSc contract. The annual meeting of the
Hudson River Railroad Company was held this
Lehigh
week. The election for a tward of directors resulted as
follows: Grinnell Burt, John 8. Martin, W. C. Sheldon,
George W. Stanford, George A. Hobart, James B. Titman, F.
A. Potts, Joseph S. Harris, Francis C. Yarnhall, Francis R.
Cope, Edward W. Clark, Edward Lewis and M. Rockhill
trust agreement was entered into by which the
Potts.
Hudson River Railroad
control of the stock of the Lehigh
Company will be placed in trust, the object of which is to
&
A
&
secure the execution of the traffic agreement.
&
St.
Louisville Evansville
es:s of tlie Louisville Evansville
Louis.—The
conflicting inter-
& St.
Louis bondholders have
been harmonized, and a new plan of reorganization has been
agreed upon, which provides that securities assenting to the
plan shall be deposited with the International Trust Company
of Boston, subject to the order of William T. Hart, Jonas H.
French, John Goldthwait, Isaac T Burr and Walter S.
Blanchard of Massachusetts and Alexander P. Humphrey and
James M. Felter
of
Kentucky.
The above committee
is
to
purchase the property at foreclosure sale and to organize new
corporations in Indiana and Illinois under the old title, and
with the assent of two-thirds of the 3d mortgage bonds, to
extend the road to St. Louis or the Mississippi River, and consolidate the separate roads later. The new corporation is to
issue $3,000,000 Ist mortgage 40-year 6 per cent gold bonds,
subject to the existing $900,000 mortgage on the Evansville
division, and excepting the franchise of the St. Louis extension: $3,000,000 3d mortgage 50-year gold bonds, bearing no
interest the fiist year. 3 per cent the second and third years, 3
per cent the fourth year, 4 per cent the fifth year, 5 per cent
—
»
:
December
THE CHROMICLE.
10, 1886. J
the sixth year, and 6 per o«nt thereafter; $1,500,000 preferred
stock entitled tu 5 per cent non-oumulatiTe dividends; |8,8O0,000 common stock.
The ;f'.>,00<),000 first mortgaKe bonds are to b« given at par
for ^'^7,508 payable notes with interest to date at par for
$28U,U07 HiH>cial notes at 70 with interest at par for tiie Qrtt
mortKaKo coupons of 1883, '84, '85 and '86, the balance to bo used
for foroclosiiro charKee, prior lions, &c., the amount not so
useil remaining in the company's treasury.
The other securities are to be issued as follows: To the holder of each |l,()(K) old
first mortgage bond, with all coupons maturing on and after
April 1. 1887, attached, |1,000 at par in the said new second
mortgage bonds; to the holder of ouch |1,00<I old second
mortgage bond, with all ooujions tnaturtng on and after Maroh
1, 1887, attached, 10 shares, or $1,000 at ytar, in the said new
referred stock so much of the new preferred stock ahall be
§ elivered
pro rata to the owners of the coupons of the old
second mortgage bonds maturing on the first day of September, 1882, and the first day of March and the first
day of September, in the years 1883, 1884, 1883 and
1886, deposited liereunder, as shall equal at the par of
the stock, the face value of the said coupons deposited
to the holders of the said $'280,907 of Hpeciol notes, 80
per cent of the principal and interest of the said notes
in the said new preferred stock at par to the holder of
each $1,000 of old income bonds, live shares, or $'300 at par, of
the said new common stock to any creditor of the former
corporation, ujion claims other than those before named, there
may be issued, upon demand made within six months after
said sale, such amount of the said new stock as shall be agreed
upon between the new corporation and such creditors, not
exceeding $500 at par of the said stock for each $1,000 of the
amount of the respective claims to the holder of each four
shares of old common stock, one share, or $100 at par of the
said new common stock, and pro rata for amounts less than
scrip convertible into stock in even $100
four shares
amounts. The compensation of the trustees shall not exceed
$7,000 and necessary expenses, apportioned as they may elect.
Mexican Central. The scheme for deferring payment of
a portion of the interest on the first mortgage bonds has been
announced in the following circular:
Boston, Dec. 15, 1985.
To the First Mortgage hondholdert .—The company expeoied to p»y
the iatiTrist due January 1, 18!i6, and tliereafter to contmuo iiayimn',
of all lutprest out of n(^t earnings and subdidy, and, by reason of the
improved credit resulting therefrom, to obtain money at a reatoaable
rate to pay otl' ilie coupon notes, pa3ai>Ie at the comptin3''8oi>tion, to
build to (iuadalujara and to conueet the Tamplco division witli the
main line, thug securinjj: valuable feeders and making productive proi>erty now isolated, which cost $4,400,000 in gold, and on account of
which $5,200,000 of Urst mortgage bonds are outstanding. Tills expectation was strengthened by the net earnings and subsidy receipts, until
June last, when the Mexican Government suspended ail iiaynicut.^. TUc
;
721
ooapoa Botas sM 4ska«
•ad oMiestU
bonds hara
ptfd md siaMistf. Tks aMMMV «
(tamp said beoAi and to ttittumf eomoa AsSsUlU r>
sod tbsMwaoapaa No. o wlllb!! MraMs Mlfw llsMa.
dk Trust Osapaay oo aoit after Jaaaarr I.
Itm.
earalngii, to
Ilie
mm
;
;
;
;
;
Mobile A Ohio.— It la reported that tbb ooanwnr t...
tiate<l for the lesm of the Ht Loals
Oalro
noica).
Thin lino, which ext«inds from Emt fk, Loals to (SmT*
distance of 1S3 miles, is to he oonvariiKl to • tttmdari
as rapidly as posdble. Th« MoMla ft Ohio bM btM JTSS^
sideranle diaodraotaKe through \»riam no oolial o( its owb
north of the Ohio RlT«r, its lines tertn^atinK at ('alro. TIm
proposed lease, however, will gire It an unbrokin Ham from St.
Louis to Mobile. It is undmiitood (hM a RuaraalM otAam
oent per annum upon the bond* is »
f««tui« of
iMse to the Mobile & Ohio.
»—
—
euspeiisiou not only cut olf the receiiits from subsidy oollections. but
lessened public ooufldeuce, depressed business, and materially re luced
the earnings of the property. It is expected that the Government will
resume payment of the subsidy January 1, 188H, paying a small part
in cash, gradually increasing the rate until the full amount provided by
law is reached, which, under the Government's proposition, will be in
1891. It will require a long time, however, for public coutidence to
recover from the shock, and for the development of Mexico to a.ssume
the active proportions which had been reasonably expected in the
immediate future. The company is therefore unable to pay the interest
on its first mortgage bonds. These bonds are secured by mortgage lien
on the franchise, real estate, railway, telegraph, eciulpmeut and appur-
The subsidy Is not included in the mortgage, and tiie bonds
upon it. Until it Is earne<l, it cannot be pledge^l but so
far as earned it becomes the proi>erty of tlie company and subject to its
disposal. Out of its earned subsidy, the company has already pledged
tenances.
have no
lien
&
Umnt
Mineral Range.— The Mineral Ringe Railroad Cimpany has
tW par oaot, MTkblo
This road ha« paid ngalmr dindMids of 10
since 1878, and h«s now a surplus aqoal
to aliout 100 per cent of its capital stock.
The companT Im
building an expensive bridge across Portage Lake, glTtog
direct connection with Marquette Houghion ft OaUmi^
gon and Chicago ft Northwestern Railroads, and aTotdiag
necessity for transfer from Houghton to Hancock by wattr.
declareil its regular quarterly dirideod of
January
.5,
188«.
annum
per cent per
Dow A Jones Letter.
NashTllle Chattanooga & St Lonit.— The grou and nat
earnings for November, and for fiTe months since July 1,
as follows:
— J m.188
July
Ifottmber
1884.
,
,
183.^.
;
m
(umw
*
Gross eanilngs
$181,488
Operating exiwnaes.... 107,'2!M
$196,001
IMd.
fni3.»<«2
113,64!%
Not earnings
and taxes
$74,194
56.310
Balance
$17,884
•,332
$l.n|.%gM
.*,40.73.'>
.^78,IW
$82,3
57,024
Interest
t to JTss. I
•.
$439380
28,>,841
$91,
'$I54.0M
New York Central ft Hodxon Rlrer.—This company's r»turns for the (juarter ending Sejit, 30 have been filed at Albany,
and are published under another title below. From these
reports and those of preceding quarters, the following is made
up for the fiscal year ending Sept. 30
1884.
Gross earnings
Oi>eratingexp.,lnolud. taxes oo property.
$28,148,669
17,849,313
138A.
9,24.429.441
16.310,373
Net earnings
$10,299,859
Per cent of op. expenses to earnings
(6J'4:)
Interest, rent of leased lines and State tax
on capital and earnings
.5,630,595
$8,110,069
$1,668,760
7.19»,tf43
$2,176,341
3.129,900
$2,490,883
$053,648
Profit
Dividends
Deficit
|66'80)
9,933.736
Note-In the current year the amounts reoeived and pal 4 for ear
mileage are not included In earnings and expenses respeotiTely as last
year, but the excess of payments over receipts, bolnft tne debit bslaoas
In the account,
has been charged to operating exjKinses.
The general balance sheet on
follows with that of Sept. 80, 1884
Sept. 30, 1885,
compared as
:
;
$5,000,000 to fund the debt neceisarlly contracted to give value to the
propertv upon which the til St mortgage bonds are secured, by uniting
the Northern and Southern divisions after all the money derived from
the sale of the bonds and other securities ha>l been exhausted; and
$5,760,000 to secure to the bomihnlders payment of coupons Nos, 6, 7
and 8. with interest thereon. These sum^ are represented by certiflcates received from the Government and deposited as collateral with
the Boston Safe Deposit & Trust Company, trustee. The company has
also earned, but tias not yet received, eertitleates to an amount above
$4,500,000, which, with the remnant in the company"! po-ssesslon. will
make $5,0ii0.iio0 of subsidy eertitleates unpledged. The franchise
under which the road is and must be operated, even uudera foreclosure,
entails such obligations as to governmental supervision, free carriage of
the mails, and low rates for Government forces and supplies, as to make
the possession of the subsidy of great value to the owners of the property. Considering the circumstances and the necessity of strengthening and developing tlio property upon which the bonds are at present
secured, the directors, tliemselves holders of large amounts of the
bonds, reccuuniend and will themselves accept the following olTer
hereby made by the company to the bondholders, namely: The bondholders will present their bonds to be stamiied as tiUows:
•'In consideration of and subject to the provisions of the indenture of
December J, 1S85, between the railway company and the trustee within
named, it is agreed that the 7 per cent interest promised within shall be
paid as follows: Four per cent shall be paid Urni and the remaining 3
per cent shall be nou cumulative and payable only out of the balance of
the net earnings on band April 1 and October I in each year, after payment of taxes, all other interest (excluding the income bonds), all expenses for operating and repair?, and such improvemeiits and additions
to the prciperty as the dlreciors of the railway company deem essential,
and which shall be subject to the lien of this bond all Intercut p»j'ments shall bo made in accordance with the new coupons attached to
the within bond."
The present coupon (heet will be severed from the bond and (leiMisltcd
with the Boston Safe Deposit ,& Trust Company, the tru^tws c.f the
first mortgiige bunds, to be kept alive and in force for the benellt of the
respective holders in case of default or In ca.se ot foreclosure of the
mortgage from any cause. The company will attach to the bonds a new
sheet of stmi-annual coupims, bearing tuo same numliers and dates as
the present coupons. The form of the new coupons wil! be as follows:
"The .Mexican Central Railway C(>m))any, limited, will pay to bearer
twenty dollars
at its agency In the city of Boston, the lirst day of
in gold ciiiu or the United States, and sacli furiher sum (If any) ni>t ex
ceeding lltteeu dollars, as the company may pay in accordADCe with the
, being six
agreement stamped uuon the Urst mortgikge boud No.
months' interest on said bond."
Inolttae all Its
In the indenture above refei-red to, the company will
right, title and Interest to the subsidy now earned, subject to the existing liens of the coupon notes and the debentures : providing that all
said subsidy shall be used to pay Interest not payable only out of net
;
.
GESERAL BALAXOE SHEET SarTEJfBSB 3a
J.t»et»Cost Of road
1884.
188.'.
$149,959,042 $146.074.8SS
and equipment
3,241,919
8,473.3W
Stock and bondsof other companies
6.308.624
6.195.551
Ownership in other lines, real estate, Ac.
3.728,179
3.861. IDA
Duo by agents and others
1,38H,361
1.220.321
Burplus on hand
6.726
201.7tS
.\dvanccs for Harlem construction ace't..
404,394
404.M4
Eiiulpmont Harlem line
I.»91,i2i>
Cash on hand
$162,523,569
Total
LuibilUieM—
Capital stock
Funded debt
Bonds and mortgages on real estate
Past-due bonds
Interest accrued
Interest unpaid
dividend payable 001.15,1885..;
Unpaid dividends
Due for wages, supplies. *0
Due other roads, iu)
Prom and
loss
Total
$163,342,193
$89,428^00
$89,428,300
56.497.233
109.|2u
9ti.424.33S
*^^X
'^$'259
7,S04
.-.^x
»5i2?2
'•Zxl-S? .
...SSJ-?!!^
ia30».4O4
107.000
67,850
879.838
9.179
447.141
67.131
2.340,7>»4
a.069,179
10,S08.3]n
9163,523JW» $162,342,133
New York Stock Exchange.-The Oregon Railway &N«JJgation Company a-ika the Stock Exchange to list f8/W0,O0O
5 per cent consolidated bonds issued to retire $1,200,000 scrip
retired October 81, 1885, and to retire $1,000,000 debenlur
paying floating debt against which the debenturea wesj
pledged. The IxUance to cover cost of branch lines construoud
wby
and
in contemplation.
.l
ft Rockaway Company asks the
Stock Exchange to lint $1,000,000 slock, $600,000 flrrt mortgage 68. $1,000,000 second mortgage 6 per cent locome bond*.
Company's floating debt, $51,821.
,_ .. o»__».
Gulf Colorado & Santo Fe Railroad Companr asks tbe tWecK
bonds asued oonew
Exchange to lUt $660,000 first mortgage
road at the rate of $18,000 per mile. Amount »^*«'.»."»S~'
TBe
$0 810 000. The new bonds have been sold and dellTered.
company also asks to have $1, 4.56,000 second mortgage Mndi
per mile on
listed, the bonds being isjued at the rate of $8,000
New York Woodhaven
new
road.
..
—
—
:
THE CHRONICLE.
722
New York & New England.—At Hartford this company
has filed an intervening petition in the suit in equity of Henry
A. Brassey vs. The New York & New England Railroad. This
Setition sets forth that the remaining audited debts not paid
o not exceed $5,000. Therefore it prays that the receiver be
directed to deliver its property to the railway company. Judge
Sbipman issued an order for a hearing of the petition on December
Adams submitted
a statement showing the results of the
operations of the road for the third quarter and first nine
months of 1885, the latter statement being condensed below.
For the quarter ending Sept. 30, 1885, the net surplus income
over all charges was $943,840, against $1,405,914 in the same
quarter of 1884
KIKE .MONTHS, JAN. 1 TO SEPT. 30.
1885.
1884.
Earnings
$18,378,778
$18,274,254
Expenses
$11,205,540
678,543
$lf,537,725
610,241
$11,884,137
$11,177,966
$6,494. 641
523,055
7,908
$7,096,288
196.166
6,232
$7,025,604
.$7,298,686
.?4.036.776
$1,499,926
1,020,335
31
18S4.
$771,778
634,689
$3,973,871
3bl,504
Slnkiugfund requirements
464,275
Interest on bouds of operated roads
952,521
Laud taxes and expen.se8,Uni(m Division..
24,087
Loss in operating Leavenwortb T. & S. BR.
21,578
$479,591
$137,089
Total expenditure
$5,797,837
$5,752,000
Surplus income
U. S. lequiiementH
$l,2i7.768
;86,8S9
$1,546,686
$140,879
75,840
$0-8,667
400,000
.$516,719
$1,088,667
23.
—The company
tificates
[Vol. XLI.
has purchased the |41,000 of car-trust certhat blocked the final adjustment.
Taxes
Nortliern Pacific.— The executive committee of the Northem Pacific Railroad has consummated a sale of 80,000 acres of Total expenses...
the company's lands in Minnesota to ex-United States Senator
earnings
Sabin of that State, Charles Watrous of this city, and other Suridus from investments
Income
lumbermen, who made the purchase jointly. The sale will Miscellaneous land sales
net the company about $400,000, the bulk of the payment to
Totalincome
be made in preferred stock. The iSun.
Ex2>en<lilurts—
Oregon Short Line.— The earnings for October, and for Inteieston bonds
ten months from January 1, were as follows
Discciunt, etc
—
:
October
1884.
1885.
.?176,833 $113,409
.
,
Gross eai-nings
Operating exjienses
116 820
$00,013
Netearnlnga
Oregon
&
54,510
$58,899
Trans-Continental.
—This
,
Jan. 1
1885.
to Oct.
.
company announces
that holders of its notes which mature Dec. 31 will be paid
the principal and interest at the Farmers' Loan & Trust Company. The amount of the new 3- year 5 per cent loan is $4,000,000, secured by collaterals, viz. Northern Pacific pref. at
26 ; common at 12J^ and Oregon Railway & Navigation at
Balance
Reed from tmstees Kan.
Pac. COD. mort...
233,242
458,280
953,917
69,784
8.'8,019
:
;
Total surplus income
90.
During the first nine months of 1884 the proceeds ($400,000)
Railroads in New York State (Quarterly Reports.) The from sales of lands belonging to the Kansas Pacific land grant
were paid over to the company under the terms of the consolifollowing abstract shows the operations for the quarter enddated mortgage, and applied to xsayment of coupon bonds
ing Sept. 30 in 1884 and 1885.
.V. r. Onl. dt West.
During the similar nine months of
^A". Y. Cent. <« R. R.^ secured by that mortgage.
Settipis—
1585.
1894.
1885.
1884.
the present year, cash received from such sales, amounting to
earnings
$590,582
$615,695 $6,053,415 $7,162,879
Gro88
Operating expenses...
389,711
442,118 14.500,207 14,716,363 $711,139, has been retained by the trustees and applied to the
purchase and extinguishment of $723,000 of the outstanding
$19(','^71
Net earnings
$173,567 $1,553,208 $2,446,516 bonds. If this sum had been received by the company and
101,303
Income, other sources.
23,472
applied to the payment of current interest, as was done in
Total net receipts.
$296,179
$197,039 $1,553,208 $2,446,516 1S84, the total surplus income for the first nine months would
—
—
—
.
.
Deductions—
Interest on bonds*..
BenSs*.*.'.'.'.'.'.!
1
;:!".'.
Miscellaneous
f
*115.&83
$100,200 $1,463,726
$1,445,596
1
:
Total deduotions.. $115,583
$100,200 $1,463,726 $:,445,596
Balance, surplus.. $179,596
$90,839
$89,182 $1,000,920
• Proportion for quarter, wliether paid or not.
t Includes taxes on property, not on capital.
Richmond & Danville.- In the Chronicle of December
13, under the head of "Richmond & Danville," the names of
directors elected were mentioned, but the gentlemen there
elected directors of the Richmond
West Point
&
named were
Terminal Railway
a
& Warehouse Company.
&
The following
.
FLOATINO LIABILrriES.
X>ec.
Bills payable
Accounts payable
Pay
rolls
Rochester & Pittsburg.— Mr. Adrian Iselin gives notice
hat he has decided to give all outstanding stockholders another opportunity to deposit their stock with the Union Trust
31,1884. 5e»(.30,1885.
$5,960,000
1,609,898
2,227,418
71.970
342,907
50,C00
$'',708.7e9
2,J78,649
1.69 ',(04
78,648
1,323,522
21,000
916,704
and vouc'jers
Dividends unpaid
Coupons unpaid
Called bonds
Dub under Tliurman and other acts
Totals
is
of the directors of the Richmond
Danville Railroad
Company: George F. Baker, F. W. Huidekoper, Joseph
Bryan, W. P. Clyde, H. C. Fahnestock, John H. Inman, John
McAnerney, John G. Moore, W. G. Oakman, H. B. Plant,
George S. Scott and George I. Seney,
list,
amount to $1,337,847, against a total surplus of $1,088,667 for
the same period of the previous year, or an increase of $139,180.
The following are statements of the floating debt of the
company as it stood Dec. 81, 1884, and Sept. 30, 1885
$12,223,298
$10,262,195
$712,962
$1,101,046
2,516,268
50,977
3,752,751
ASSETS.
C.TSli
Company stock and bonds
Smkingfuud in hands of trustees
Bills
3,578,159
159,110
3,618,665
and accounts receivable
Totals...
$9,058,898
$7,421,043
$4,154,400
Not debt
$2,811,152
The net floating debt June 30, 1884, was $7,816,881. and
June 30, 1885, $4,704,790.
The decrease of $3,506,003 in' gross
floating debt June 30 has been accomplished by the application to its reduction of net receipts, and the proceeds of the
sale of $200,000 Atchison Colorado & Pacific first mortgage 6
l)er, 1885.
per cent bonds, $585,000 Kansas Pacific consolidated mortSouthern Pacific Company.— The following is a compara- gage 6 per cent bonds, $200,000 Union Pacific sinking fund 8
tive statement of the earnings and expenses of the Southern per cent bonds, $1,180,000 Oregon Short Line first mortgage
Pacific Company (whole system, 4,667, against 4,585 miles last 6 per cent bonds.
"The gross amount realized from the sale of
year) for the month of September, and for the three
months the above bonds was $3,033,735, or 93-9 per cent of their par
to Sept. 30.
value. In addition to the above, $550,000 Kansas Pacific con—-September.
^3 m. July 1 to Sept. 30-, solidated mortgage 6 per cent bonds were sold for $526,625
1885.
1884.
1885.
1884
during October. This transaction was subsequent to SeptemaroBseamlrgs
.$2,F68,380 $2,973,249 $7,995,369 $8,257,263
ber 30, and does not affect the statement of floating debt for
Operating expenses.. 1,308,826
1,479,188
3.65i;402
4;308;297
that date. But few of the bills payable, which form the
5S«"f^I^I''PT*''l'*^'°^'''55* *l.4&4.0ei $4,343,967 $3,948 966 unpaid balance of the floating debt, mature until after the
^"'"^"•"'^
Bent for leased prop.
139,816
Company and
receive therefor receipts entitling them to one
share of stock of the consolidated re-organized company for
every four shares deposited by them. This offer is limited
strictly to the stock deposited on or before the Slst of Decem-
.
428,130
Earns, over exp.&ren. $1,419,733
36,556
close of the current year.
This fact has prevented a further
reduction of the floating debt. None of the bills payable of the
mt 91 'i R^1
*d,9l5,H3l
109,267
Addrental8fromA.&
P.KR.forMojaveD.
Total net earnings. $1,456,294
Less monthly proportion of—
Int. & sinking fund..
$799,672
*TaxesaQagen. exp.
Gnar.onC. P. stock.
•U.S. Gov. 8kg fund.
Total
Ket
*
proflt
company which have matured since October 1 have been
renewed. During the nine months ending .September 80 the
funded debt of the company has been decreased in the sum of
$1,617,602, and the funded and floating debt, $2,930,851.
The
funded debt September 30, as per balance sheet, was $89,843.147.
The Thurmin act sinking fund September 30, 1885, was
$lfi25fi9S
$2,387,739
135,200
100,000
41,700
450 824
$1,076,572
$31263^630
$379,722
"~$76M6li
$5,736,033, against $4,506,130
SOOlooO
1251067
Estimated.
&
TJ^.®^"l*f^*•T^"?'l^^'*^<""Jl * Arkan8a8).-At St. Louis,
^ec. 16, the United States Court ordered
the Missouri
S'- Louis road to be sold
TVh^^fth pnce to°u ^^^ 'F®^^*
i-eo. ii, the '^""l be not
less than $1,000,000.
&
regular quarterly meeting of the
held in Boston, and President
TT^l"i"p.?fi*''^--~P®
Umon Pacific directors was
31, 1884.
17 the property of the Bankers'
Merchants' Telegraph Co.
in Maryland was sold at auction.
It included all the wires,
poles and other effects within the limits of the State. The
purchaser was the United Lines Company, for $25,000.
'
*
December
United Lines Telegraph Co.—At Baltimore, Md., on Dec.
—At
Albany, N. Y., Dec.
17,
a deed by Jolm Whalen,
referee, to the United Lines Telegraph Company of all the
rights, privileges and franchises of the Bankers'
Merchants'
&
Company was filed. The consideration is $500,000.
Wilmington & Weldon.— This company has purchased the
Albermarle & Raleigh road, extending from Tarboro, N. C,
Telegraph
eastward to Williamston, on the Roanoke River, 33 miles.
1
.
-
December
10,
,
THE CHRONICLE.
1886.1
She ^ommzvcmX
^23
COTTON.
ifimca.
Friday Nioht, Dec.
FaiDAY, p. M., DmsotdIw IS,
««vttirrtiHl br o«r i
Cram the South to-night. i« ((1v«n baiow. For Ite
wwk
even ing (Do<'. Ih,, ti.n u>t«l no^vtmhvf
Taa MoTKiunrr or the cmof.
COMMERCIAL EPITOME.
18, 1885.
The near approach of the Christmai and New Year holidays
begins to have a oontrolliag influence in all brancheaof trade.
The purchase.s of holiday goods are of a character and to an
extent that indicate returning prosperity to the people, and
^
m
aiib
tmAmAmSH
W4|ek»nd *W,833 tMlM tlmt
WMk.
making th«^Sj
,tnr^;
woripto »tnoe the Irt of BapUabf . mm. :i. i-.i.2a4 h>L»,
iH-ti
8,8a9,M8 biUM for the mum ptrlod at
law/iSbwCrS
d eo Me siaoe September l, 1886, of t7A,8SI
w
have always been regarded aa a barometer that
BttlpUai—
<M.
Uim.
T\ut.
Wtt. Thttt9t
JH.
is infallible.
Congress has not gotten actively to work, the aalveston
6,976 7,486 3,974 3,403 8.879 t.lM
House devoting its time to a revision of its rules and the
IndlaiiuUi. Ao.
Senate considering a bill to regulate the Presidential sucoeB- New Orlwu... 1S.6I9 13.381 36,339 16.870
lojiw •tJM
1, 689
8,734 3,766 1,499 \jm *M0 it.oo«
sion, which is brought into prominence by the death of Vice- Mobile
norida
t4M 9.6M
President Hendricks. The weather has been much of the
eavannah
e,M)ft
6,600 6,gi9a 3.468 4.107 3.398 37*61
week cold and more seasonable, and yet not wintry.
BnineWk, Ao.
1^36
i,4n
The speculation in lard has been quite brisk, but, in sympa- Oharlcaton
8,632 4,181
1,367 3,746 1,781 ».«I0 17.4M
Pt. RoyiU. Ao.
thy with other food staples on the Produce Exchange, the
• •••
760
7M
698
98)
380
Ml
MS aos ^.tM
tendency of prices has been downward. To-day there was WUmlDgton....
Horeh'd 0.,Ao
MO^
MO
some further deitression, and the close this afternoon was at Norfolk
3,153 7,sVi
4,653 3.A0i 3.0T7 3,971 39.6M
6'33c. for January, C-41c. for February, 6'47o. for March and
West Polnt.&o
900 1,879 1,877 1.000 1,391 4.8»8' n.4n
6 -54c. for April. Spot lard has been dull and weak, but closes New York
1,608
1,049
86
613
346
8M0
676
788
684
804
81«
steady at 6'2.5@0-30c. for prime city, 6"40o. for prime Western Boaton
Baltimore
6,800
6J00
and 6'65c. for refined for the Continent. Pork closes steadier
140
265
267
238
945
1.963
at |9 87 1^@ $10 3.5 for mess, $8® $8 50 for extra prime, $11®
Totals Uili week 40,180 44,303! 47,919! 32,4721 29,753 43,3)8 236,011
111 35 for family and |13@|13 50 for clear. Cutmeats have
Foroompanson, wegivethefoUowiiuttableBbowingthe Vi>«i
been moderataly active at steady prices. Pickled bellies close
total receipts, the total since Sept.l, 1^5, and the stock to-night,
at 4J^@5L^c., with pickled hams 8@8)^c. and shoulders 4^@5o,
and the same items for the corresponding periods of last yeata
Smoked hams quoted at 93^@10c. and smoked shoulders 5^o,
1885.
1884.
moeA.
Beef is steady at $10 for extra mess per bbl. and $17@$30 for
Seeeipt* to
Tkit atnetSep.
BineeS^.
India mess per tierce. B?ef hams are firm at $17 per bbl.
Dee. 18.
1888.
1884.
Week. 1, 188S.
Week.
1,1884.
Tallow has been active and closes dearer at 5c, Stearine is
MM
in this respect
'
dull at Gji^c. Butter is again higher at 84ig36c. for creamery.
Cheese closes with a fair export inquiry and very firm at 6@
The number of swine slaughtered at
9}.^c. for State factory.
Western towns from November 1 to December 9 was 3,730,000,
against 3,150,000 for the corresponding period last year. The
following is a comparative summary of aggregate exports
from October 36
Port
Bacon
Lard
to
December
13.
1885.
lbs.
5,879,200
lbs. 63,438.39)
lbs. 41.984,317
Qalveston
...
25,899
New Orleans.
Mobllt
Florida
8avannah
Br'gw'k,Ao.
Cbarleston...
02,324
14,004
2,638
27,981
1,435
17.463
Pt.B07al,Aa
1884.
6,003,S00
55,24s,B73
34.512,438
Deo.
124,600
8,239,717
6,111,779
768
mimlngton..
Inc.
Inc.
494,045
781
071,461
129,017
30,866
542.525
10,998
351,636
7,833
72,569
3.922
328.867
158,078
21,006
7,956
11.757
12.852
Ind'nola,dso
8,185
H1ieadC.,6cc
Norfolk
W.Polnt,4o.
New York...
200
25,669
11,438
3,598
3.107
6,300
1,932
14.034
362,650
9.005
960,565
153,169
55,100
571.988
485
03,707
12,458
7,436
31,603
73
63,180
831,495
43,562
3,702
109,309
875,919
42.437
26,611
100,033
101,814
15,58 i
82,300
1,190
17,700
62.294
8,953
02.768
10,670
„
8,46(
21,929
1,152
4,810
104,295
414,207
3,232
80,339
7,352
403.611
216,310
629
36,830
21,763
2,824
3.613
546
Rio coffee on the spot has been dull, unsettled and nominal,
16,-562
197,193 172,030
with fair cargoes quoted 8Ko. at the close, while the specula- Boston
41,655
6,310
6.310
1,927
4.023
27,394
23,730
tion in options has been very slow, at drooping prices, and for Baltimore ...
PliUadel'a,dto
2,582
18,107
13,938
10,527
the week an important decline has occurred. The close this
Total
238,01 3,154,321 258.340 3,32».548' 1.019,448 1,015.403
afternoon is with sellers at 6*60o. for January, 6'70c. for
"
Galveston InpliKld? Indianola; Cliarlc-itoii iiirliid.
vnj. dtc;
March, 6'80o. for May, 6-90c. for July and 7c. for October.
WUmiusfton Includes Morcli'il City.&e.; Wi-jt Point lif
'iilnt,^.
Mild coffees have also b'>en very quiet. The advance in raw
In order that comparison may be made with
^.
can, wo
noted in our last has been maintained, but it has give below the totals at leading ports for six seasons.
sugars
brought business nearly to a standstill fair refiaing Cuba
Beeeiptsal—
1884.
1883.
1885.
1882.
1881.
1880.
quoted 5>^@5 9-16c., and centrifugal, 93-degree8 test, 6 316@
Oidvest'n.Ao.
14,519
21,657
25.899
38,417
17,113
29.133
6)^c., with refined quiet at 73<^@'<%c. for crushed.
Kentucky tobacco quiet and nommally unchanged. Seed New Orleans. 92,324 93,797 95,590 66.863 59,917 62,504
Uoblle
14,001
12,458
13,927
15,261
12,039
23,644
leaf has continued to meet with a fair demand, and sales for Savannab....
27,961
31,908
30,575
36,602
31,698
31,956
the week are 1,409 cases, as follows 300 cases 1884 crop, Penn- Ubarl'st'n, Ao
23,081
13,221
15,118
22.639
18.307
26.303
;
:
sylvania Havana seed, 9i^@15o.; 180 cases 1884 crop, do. seed
leaf, 8}^@llJ^c.; 300 cases 1833 crop, do. do., 9@12c.: 160
cases 1831 crop, do. do., 83>^@llc.; 169 cases 1834 crop. New
England H*vana, 13J^@85c.; 350 cases 1884 crop, little Dutch,
13<ai3c. and 50 cases 1884 crop, Ohio, p. t.; also, 350 bales
WUm'frt'n, iko
Norfolk
W. Point, &e.
AUotben....
Tot. tbte
Wk.
UO
5,469
36,860
21,763
18,485
2,709
33,796
10,326
24.035
0,782
31.325
13,187
24,195
6,974
26,743
6.391
27,743
5.179
29.973
9.8SS
19,478
238.011
258,340
247,733
258,170
206,955
337.980
3,385
25,669
11,438
19.
Stnoe Sept. 1. 3154.224 3320.548 3214.664 3209.539 3032.489 3537.664
Havana, 60c.@$l 05 and 200 bales Sumatra, $1 30@$1 60.
The exports for the week ending this evening reach a total
There has been nothing of special interest to the speculation
of 133,566 bales, of which 64,6-59 were to Qreat Britain, 36,088
in crude petroleum certificates the changes in prices have
to France and 41,960 to the rest of the Continent. Below are
not been important, and the close this afternoon is at 90i^@ the exports for the week and since September 1, 1885.
;
901^0.; crude in bbls. quoted at 6J^@7J4^c.; refined in bbls. at
and in cases 9@10i^c.; naphtha, 8c. The speculation in
TTMk aiut4n« Dec.
Mvport4aU>-
7Jgc.
spirits turpentine has been slow, but some depression in values
early in the week. There was an advance afterward, but the
close is dull at STi^c, with bids for early delivery reduced to
Zh%c. Rosins have been dull and drooping.
The speculation in pig iron certificates has been quieter.
At to-day's Metal Exchange they were dull and nominal. Tin
Ortat
OllM- TMoi
Brtfn. iyan«< MX. ITMk.
Oalreiton.. ...
New Orleaiu.
1.
1886, It JXc. IS. 1S8S.
Grtat
BrUaln. Winuu4
013
6..1M
i43ao
«s.6at
S6SM>
loimL
4«,8n
108,641
IKUO
7.483
OmttMat.
IS4.I1B
m.rta
i.a«6
Oei.188
7v«88
......
(BUM
4.M0
Otaarteslon
Lake, 10-40® 10-55c. for Balto., £41 108.@f43 for Chili bar, fuLead steady at 4-55c@4^c. for domestic ; foreign
offered at 4-70c. Spelter steady at 4%@4-45c. for domestic,
Wo»t
4J^®5c. for foreign.
There was a fair export movement in grain, but the close
's very quiet and rates are nominal.
Plill«Ielp-a,Ae
tures.
mm S19L
».S88 84,101
Mobile
nortd*.
SsTiuiaah
and heavy at 20-50@20-70c. spot, 30.40® 30^c. for futures.
Tin plate entirely neglected. Copper firm at 11 "40® 11 •70c. for
quiet
IS
BVpOTtt
- - - -
:s.ioo
6Jm0
64,060
88,880
•8.066
II.STT
I6a.9sa
18.101
SOJWS
44.»S
SM
1I3«
4S.1MI
1.188
1.068
i.«ao
8JM
1.416
l.SOO
I6.40«
WIlmlnKton-Norfolk
6.086
B.03I
Point.-.
Mew York
Boston
BalUmore...
U.ITJ
1.864
7,4 IS
.
8,668
8.S00
l.OSS
Total
•4,aes
BR.D3S
41.M0 l»J6«
Total 1884...
M.iao
IIO.a91
67.040
iio,aa6
1MI4
44.8M
•was
iim
17,614
M.08r>
64.1W
M>,*6S
44ja8
n
l»».l'
l.ll}.^!..-
116.140
• ,...„.
„>..,....
..-...;:«
4
8
1
THE CflRONICLE.
724
a a
O »"
CT f^X, a Q 9
cS*Cli C»
oSa
a"
e|
cs
CD
LAinberi. 89 Broad Street.
a:
3
S
ixi addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
at the ports named. "We add similar figures for New York,
which are prepared for our special use by Messrs, Carey, Yale
&
[Vol. XLI.
E.S2
?'o&-<
SiS"
:
did
m 9A
f^
mi
P
i
OB' *^
T'w
£
;
eS-i
Eg
i:£3
On Shipboard, not cleared—for
Leaving
DBC. 18 AT—
Other
CoattFrarux. Foreign' v>i*e.
BrUain.
Great
New Orleans
1
None.
None.
107,268
8,200
18,200
24,500
48,351
24,504
5,900
10,000
1,131
None.
200
None.
139,788
29,832
48,740
28,563
246,923
772,525
COX
152,278
164,333
27,208
55,942
65,857
36,669
20,450
13,067
265,793
270,01
749,610
972,400
(DCDoCO
Galveston
Norfolk
New York
Other porta
Total 1885.
700
200
2,800
3,400
12,331
3,323
2.1
I
cd:c
toto
tocc
6*
5
2
**
CDO
Dec. 13.
j
6»18
8%
I
I
I
5
£
COCO
tJW
:
%l
9=8
9'8
Mldd'it Fair 1014
Pair
lO'i's
G'd Mid
9
9''8
lo^
10''g
Wed[
TI».
Frl.
9
Wed
69,8
G»8
71,8
6=8
71,8
Str.G'dOrd
8718
Midd'g
Btr.L'w Mid
1^
9'18
9)4
93,8
9»18
9»8
Bti.'J'dMld 9i5ie
Midd'g Fair 103,
lOH
Pair
1013,, lO'a
Middling...
Good Mid..
r
613,8
6J3,8
Wed
9=8
9'8
I014
lO's
9%
« lb.
74
713l8
811i8
Middling
MARKET AND
'ruea
6%
67,8
f'4«
Low Middling
Mon
tap
CD CD
2
^
UOa
CO
Sat.. Quiet
Men
Ex....I
Dull and easier..
Toes. Dull at 1 18 dec...
.
Wed.
Steadier
Thnrs Q'ti8t'y,ligadv
Prt.
.
Quiet
Total.
18
214
86
280
778
621
268
18 2,277
100
S06
6OOI
Salts.
i
J
CO
50,300
98,600
91,000
108,700
67,000
40,500
COCOoCO
COCOOCO
coco
1^
CDCO
5
CDCO
2,895 456,100
400
aotuaUy deUvered the day
"^ ^^^ °? FiTTUBES are shown by the follow-
In the statement will 6e found the
t^l\^),t'}^''- P"S5! ?' **•«« '«' «*«h «>0'ith each day, ani
the cloemg bids, in addition to the daily
and total sales.
COCDcCO
o
oto
>
a
coo-"*
cccooco
2
ccoo^^
if-i^
a^:
coco
to
Of
CJi
5
^
2
i-'-Oto"*
9«;
CDCOo®
COCDo^
COCDq^O
cjl
OTOa
00
CJicJiCcji
I**
CElffiOCJl
*-
CO
CiCn
»
I
O
cjl
cjl
If*
01 1^
2
"
I-
90:
I
CO
CDCOo^
COCOo®
a-,
o-
di c>
..'1
<r,
--I
-I
^CO
toco
CDCO
cd:0
I
5^
coco
oici
CO
5^
O
coco
I
®p:
as*
QOO
CD
ODQO
CCOi
I
5^0°:
X
tOCDo*>
I
o
tObS
a
Qcoo
obcoOcD
coco
toob
I
X»Oob
CO'--
CD
coo
coco
coco
O0O3
5
oco
^
9
coco
2
I
CO
5
I
O
OcO
CD CO
CO 'i)
CDCOOci)
0?Cii
ccco
^
COCDO^
C. CD
coco
5
9®
"?
OCD
O
CD
cxOcc
'
90^
CO
CO
1;
2
S19,'':
oOco
CO
-lOD
O
5
toco
»co:
2
cc CO
^
»
^
9m:
CO
CDCDo®
obcibOoti
*
"
O-.if*
'
1
-^1
©,«<=:
^o^
I£^OCO
1
crrcD
5
2
"
C;"
CD-.C£C0
CJCD
".1^
OcO
ceooco
ccoOco
00
CO
CntO
•*
coo
CO
9,
c;*
^
o
o
e.-:
1
MMCOM
"''
-^
QD
5
MM ^
00 ;j CO ? 00
®C5 2 m6
CO
tOM
toto
I
CDCDoSO
obabOcc
O'
I
'
at
CCCD
GDOO
GOCl
toco
ccco
'^
1
CDCCq'-C'
I
to-
Ceo
Ui
®
QOQf;
--J
Mr-
00
>-
CO
o CO
00
£
©oo:
CCCCo^
CDCOo^
«,":
CDCO
CDCO
COCOqCD
I
®p:
t**CJi
**
o^:
di^:
coco
CDCCqCO
^.";
CCCDo«9
5^
toco
^*^
^
QOCO
2
ccc&ocb
cccoo<o
I
a©
Wt-'i-.'*
en
tcco
op:
CJ>
a,-i:
CT.
CO
2
er.ci
com"*
QC**j
0=
2
"
coco
din*
COCO
Of
O
"
'
«
:
OOOO
§i OOoO OOoO OOoO OCoO od^o OOpO
6606
0606 COC"^ mmOo 66C0
^10 OS
-3^ cs
coco
-ICO
05
to
ccco
<
coo
I
55
=»2
«
I
CDCOqCO
ccobOob
MM^O_
a
:
I
a
COCDoCO
CCCOo'^
»j -.
eg QO
cc
o -j
M O -j
cc
I
CC-sOo'?
cot;
&
-I
:
tccco«5
d
:
CCCDo''^
COOP
CO
CO
0cncit
I
OtO
a
2
21
o'.cji
coto
2
*<
I
-4
:
CD
Oci,
-I
I
I
CO CD
^9
^ O Ci
I
c-
-Si
o
t
«:
I
:
CO
eocDo*>
O d'
to
o:Cs
Ci
CJ'
cntd
OS
I
d
•-?
o< U'
c "^
-30a
718
71016
ioo
^
5
a.™:
CDCOo'-O
I
Fr».
200
tCl-'
2
CDCO
If*
c;ic;^
caif*!-.^
l\^
106
coco
ii\^
I
coco
2
>
1
a.-j;
COCOoCO
CDtD
Frl.
trie*.
I
CO
U1..J
r4»
orertoM lif fhfi*I®"*S, '5^?" *'''>''« *™
prenooa to that on which they are reported.
ing Pnm^i?
comprehensive table.
O.O".'
o ,^
">
o
OCD
COW^CO
CC-Ih'^
CJt CJi
Tnea
Deliv-
CO CO
oOk
coco
coco
<
2
QDCJi,-!"*
/.
COCDo®
2
.
tit.
CSCOO^P
OCD
«J
03
coco
coco
I
OJ
coto
o?>;
COCO§CD
8»8
Oon^\8pee-Tranr „
Total.
CD
COO)
1
r4'
2
btoO to
ar:
I
-CD
CD CD
toto
5CDq
CDCDo®
CDCD
I
638
71,8
779
869
«>
5
9
(Do®
»<d:
1^
icto
100
CD CD
c^coOco
2
'I
Tl».
to
COCDo®
>
5
.^.lli
SALES,
port, rump'ul't'n
2
I
a a:
COCOo®
The total sales and future deliveries each day during the
week are indicated in the foUowing statement. For the convenience of the reader we also add a column which shows
at a
glanoe ho^ the market closed on same days.
gAUg OF 8FOT AMD TRAHBIT.
FDTUBES.
CLOSED.
^^ts
CD CO
tc to
O0CD(o^
I
SPOT MASKET
ga
coto
coco
CO
c^w
6U18
Wedj
all
:
I
CD
lOtoCn*
caco
IUm
1
00
5
1^.
\<
10
1038
11
QOO
73,8
8i8
fi-
o
i>i
ttto
:
C003
I
91618
9
914
9^
94
93i8
9k
97,„
97,8
938
97,6
97,8
913,8 913,6 9%
913,8 9lii8
101,8
10
101,8 10-16
107°
107,8 10 18 103s
ll'in 11
1U,„ 111,"
r4«
Sal.
Th.
6%
9
SlAlNEU.
Good Ordinary
Btrlot Good Ordinary
iii«
6",
94
9
«1
.
cocioio
coco
«'§'? totocco
coOco- cecioco
CDCOoCO
iiJ?6
914
SJio
93g
97,8
97,,
913,8 913,8 93t
101,8 101,8 10
1078 107,8 1038
lUlft llll« 11
Xh. Frl.
8 3,8
Low
toci'^to
'^
P^^
tOM
9
6^
Ordln'y.«J>
Strict Ota..
Good Ord..
1
tsto
-
a
^
00
V
CDCOo^ CCtCo®
2
CD CO
I
5
cccc
cbto
««•:
OS
6.^18
r4«
r4«
914
914
97,8
938
9'ia
9»,8
913,6 913,, 9%
9l4,6 101,8 101,8 10
103 p 107,6 107,6 10%
1013,8 11116 III16 11
SH
I?Ion
6|3i6
9
91,6
Sat.
a.
60
60
:.o'
(-<
6%
1^"
G'd Ord
Low Midd'g
Btr.
mon Toes
«-l«
CD
p-
tor--
TEXAS.
7118
Btr.
Btr.L'w Mid
Middling...
Good Mid-.
Sat.
1
6%
CtO
<scc
coco
—
Ordln'y.^lb
Btrictord..
Good Old..
.
to
recovery in the final dealings. To-day there was a stronger
but variable and somewhat irregular market. Cotton on the
spot continued dull. Quotations were further reduced l-16c.
on Tuesday, but this decline was recovered on Wednesday,
although not officially quoted till Thursday, with some business for speculation. Today the market was quiet and
unchanged at 9I4C. for middling uplands.
The total sales for forward delivery for the week are 456,100
bales.
For immediate delivery the total sales foot up this week
2,895 bales, including 18 for export, 2,277 for consumption,
600 foi speculation and
in transit. Of the above, 100 bales
were to arrive. The following are the official quotations for
each day of the past week.
NEW ORLEANS.
t) O"
'-iOo.''
60
in cotton for future delivery at this
UPLANDS.
Sat. inon Tuea
§
•
3.'.
eepg
market
has been fairly active. During the first half of the week under
review there were declines followed by quick recovery, and
the close on Tuesday was but slightly lower than on the previous Friday. The unfavorable advices from Liverpool and
Manchester, some further decline of silver at London, the
depressed tone and accumulated stocks at Southern markets,
together with some increase in the crop movement, seemed
to prevent the relatively low figures which prices had reached
from stimulating any sustained buying movement until
Wednesday, when a halting and uncertain opening was followed by a sharp advance, encouraged by a better Liverpool
report. Yesterday the foreign advices were discouraging, and
most of Wednesday's advance was lost; but there was som e
The speculation
05
OR)
*,
gtOtOBS
I
lotal 1884
Total 1883
g;
i
<)
•
CO
224,227
34,362
83,614
€4,869
55,914
37,790
191,293
60,426
19,781
3,000
8,000
Charleston
Savannah
26,601
None.
1,200
6,509
2.^,417
8.000
8,100
7,100
04
r
14,068
None.
6,100
13,000
9.472
1,400
2,700
2,000
60,090
MobUe
M
Si
i
(
Stock.
Total.
I
I
I
I
I
I:
I
I
:
I
I
* Includes sales In September, 1885, tor September. 130,200 ; September-October, for October, 301,700; September-November, for November,
416,400.
17* We haro Included In the above table, and shall oontlnne eaob
week to Klve, the average price of futures each day for each month. It
will be found under each day following the abbreviation " Aver." The
average for each month for the week la also given at bottom of table.
Transferable Orders—Saturday, 9-20c.; Monday, 9-25o.; Tuesday,
9-250.; Wednesday. 9-35o.; Thursday, 9-30c.; Friday, 9-30o.
Short Notices— Saturd.ay, 914S915C.; Monday, 9-14c.
The following exchanges have been made during the week:
24 pd. to exch. 3,700 Ja». for Mcb. 11 pd. to exch. 300 Feb. for Mch.
•23 pd. to exoh. 300 Jan. for Mob.
•08 pd. to exoh. 100 Dtc. for Jan.
35 pd. to exoh. 500 Jan. for April. •11 pd. to oxcU. 500 April for May.
•36 pd. to cxcU. 5.000 Feb. tor May 10 ud. to exch. 1.000 Jan. for Feb.
11
pd. to exoh. 1,000 Jan. for Feb.
12 pd. to exch. 400 Mch. for April.
•10 pd. to exch. 700 Jan, for Feb.
08 pd. to exoh. 300 Dec. for Jan.
10 pd. to exch. 1,600 Jan. for Feb.
10 pd. t« exch. 100 Dec. f»r Jan.
•22
•17
•56
•35
•11
•04
pd.
pd.
pd.
pd.
pd.
pd.
to excli. 100 Jau. for Mch.
to exch. 100 Doc. for Feb.
to exch. 200 Jan. for June.
to exch. 100 Feb. for May.
to exch. 100 May for June.
to exch. 300 Deo. for Jan.
I
8
.
Decbmber
I'HE CHRONICLE.
10, 1689.]
Thk ViHiHuc MuPFLY
Cotton
i>r
niMie ap by osol*
t<>-nlKht, as
m
and
teleKrupli, is iu< followH. The Contiiit>nt«l nock*,
w«11 •»
( Irrat Kntiuii iiiiil thu afloat, aro
this week'* retumii,
nnd ronswiiit'ntly all thi< Euro|)i>an li^^iirns »re brouKlit ilowt
to Thuntilay evtmiiiK.
But to make the totals the uoiiiulatt
(iKureM for Kvnight (Dec. 18), we add the item of export* Sod
the United Statet>, including in it the ezporta of Frioay only,
thoxe for
188S.
Totiil Oraat BntalD
Ht HaiiiliiirK
Otopk
BUHik
Btook
Stock
Block
Btouk
Stock
Stock
Stock
Stock
atook
.
18HS.
520.000
45,000
67s.noo
48 000
5 6,000
70,900
496.000
S.GHO
31.300
2J.O00
bale*.
1884.
HO.OOO
16.000
Btook at LiTurpool
Btook at Louflon
574,000
4.000
32,100
41,000
Taiiooo
626,900
3,800
SS.IOO
S.600
4,100
900
129,000
2.700
40,000
9,000
7,000
1811.
1^
000
600
2,600
126.000
3.000
11.000
7.000
3.000
1,400
181,000
4.000
40,000
6,000
6,000
2,000
59,000
49,OU0
1,500
3.300
129.000
7,000
42,000
9,000
M.OuO
217,400
310,100
310.0U0
228.200
Total Euronean stocks
743.100
890,10l.
931.900
India cotton anout for Europe.
50,000
71,000
U-.OOO
Ainer'n oott'ii Kfloat for Eur'pe 580.000
659.000
5J6.000
Eg'ypt.Ura/.ll.Acalltfor E'r^
33.000
39.000
73.000
Stock 111 United Stattw porta .. 1 ,019.148 1.01.^,403 1,242,411
Stock 111 U. 8. luterlor towns., 434,.-.93
310.028
379.028
nulted States exports lo-day..
17,^88
41.U00
19.600
855.100
113.000
651.000
78.000
893.201
295.607
30.1uO
Bt Hrnincli
nt AiiJHii'i-iUiu
Bt Ki'ttt>nlain
Ht Aiitwi<rp
ut
at .MitrnHlUtts
.
HBvm
Han-oloua.. ......
at
.
....
at ()i-[iii»
at TdiiaUj
72o
mor€ than at Um mum Mrfod Um fmr, Thu raeitfpte at
Mine townii have baaa 89.090 haUa mon Uma th« Mm*
~*."*~* »i^iimb« I tba fwwlpti. At all ite
II!?''
lowitf ara Zf^V-f balm morTlhaai for iha
fel,449
tl.lM In iHM.
ttiw
nalaH
the
^
<iUOTATlONM r<)» MtDDUXO COTTOI* AT </riUNI
in the table below we ipve the oloaluK 'iiiotatiofia
of **iAJUm^
oocton at ttoutlkern aodotbar prtaolpai cuitoo markaiaforflaei
day of tha paM waek.
HAMUrm^
OUMUM qOOfATIOM
«fMMM
ITW*
mumr.
Tot•^l visible
supply
2,877.729 3.05tl,531 3.300,539
2, 911.308
Of the above, the totals ol American and other deaorlpttons are as
follows'
Avieritan—
Liverpool stock...
Continental »to<iks
bales
336.000
317.000
S.^8.00O
IHii.OOO
19.^,000
237,000
afloat for Knropo..
.^80.000
659.000
536.000
United States stock
1,019,118 1,01S.I03 1,24A4U
United SMtes Interior stocks.. 134,593
340,028
379,628
United States exporu to-day..
41,000
17,2g8
19,600
American
308,000
118.000
651.000
893.201
293,607
30,400
Total American
2,580,329 2,589,431 2,772,639 2,296,208
—
London stock
Oontlnental stookR
India afloat for Elurope
Exypt, Braxll, <ha., afloat
..
Total East India, ^ko
Total American
215.000
48.000
73 900
118.000
73,000
193.000
45.000
131,100
71.000
39,000
133.000
16,000
65.100
50,000
33.000
|^~ Thf imports
into Continental ports this
....
si"
Pblludelphlft.
79,000 baits.
The abo\ e fifi:aree indicate a decrease in the cotton in sight
to-night of 10,80^ bales aa compared with the same date of
1884, a dei reaae ot 43.1,810 bales aa compared with the coitoeponding date of 1883 and a decrease of 33,579 bales as
compared with 1882.
—
AT THK
Interior Towns the movement that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same iteuiB for the corresponding
period of 1884 is set out in detail in the following statement.
si"
SlJ'*
ii
si'
si:
Si*
AU)0>"l«
MtMiiphla
si?
8..,,
et, Ixiiiln
Cluc'luuaU...
LooUvllle....
•
8^
St.
9'b
Receipts ntoM thb Plantationb.—The following taM*
week from tlie planoverUnd raoaipu nor
Southern consumption; they are simply a flwitwiil of tlM
weekly movement from the plantations of that part of ihti crop
which finally reaches the market through the outporta.
indicates the actual movement each
tations.
The figures do not include
mOH
RKCKIPTB
RHttptt at Uu PorU.
irMk
1884.
1866.
PL.ll«T«TII>lfB.
A'kat InUrior Tinmt. Kt^vUfrom
1868.
I
IWM.
I
Ploiiria.
IMM.
1880.
I
Not. 18....
••
80....
••
W...
'
week have been
ill"
•llM
si:-
BOHtOO
Dec.
Total visible supply
2,877,729 3,038,531 3,300..'>39 2.911.308
Pricf. Mid. Unl., Liverpool....
5d
5l3,ed.
6*d.
5I3i«d.
Price Mid. Upl,, New York
914C.
lie.
10%0.
10°iso.
#H.
•'u
.
Norfolk
ll:i,000
4fi9.100
2'47.100
527.000 615.100
2.5S0,32& 2,589.131 2,772.639 2,296,208
Atir*.
UbarlAiiton .
WUiiiliiKton..
218,000
70,900
110,200
73,000
ir«tf<M«.
. .
1HS8.
Matt Indian, Brant, de.
Uverpool stock
WDOUM OOVlua «-
Oalreaton
Wew Orleuu.
Mobile
B»TuiiuUi. ..
Baltimore....
Total Contlneutal stock!
Ml*
Aim.
JTmi.
4....
11..
"
.
18....
222,510
2^.1>l&
8aS.<84
SSI.lnS
S4T.7!»
seu.iu 8sa.(iei S48.h8» i«e.»7a »».gsi m.wa n«,oisaajM
S.V.nt 27U.4«1 9911.748 tS«.A8k'aOB.ini na^aM wmM* tm.'iu
»H.tm «SS.»«S 874.SA4 ta7,in|MO,4IIB!mjOM|l
STA.aoo M8.TV7 S80.477,<:6,ot» 8ai,a(7|»nj»r <
am.iii na,iai 4io,s4a aae,4si 4M,84ii 8o»m
tkMW
»B^3«0aia.illl <23.577!aM,ll»»l4»lja»l«ai.0B4 wa,786
mmm
Tne above statement shows
—
1.
That the
total recoima
from
the plantations since September 1, 1889, are 9,919,018 bales;
in 1884 were 3,676,199 bales; in 1833 were 3,589,085 bales.
That, although the receipts at the outporta the past week
2.
were 238,011 bales, the actual movement from plantati(nia was
284,907 tiales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 286,755 bales and for 1888 they were
261,064 bales.
—
Amount op Cotton in Sioht Dec. 18, —In thetuole below
we give the receipts from plantations in another form, and add
them the net overland movement to Dec. 1, and also the
takings by Southern spinners to the same date, so as to give
eubstantisdly the amount of cotton now in sight.
to
—
1885.
1
1884.
1883.
1
1883.
BeoelptH at the portsi to Deo 1 3.154,2213,329,548 3,21 4.864 '3,209,539
Intorfor stockn on D.o. 13 In
37J,4il 3:0,508
463,339 346,(151
excess of September 1
? '^^
og-?!:
Ee
2.
•
»
o
•
I: Pi
Tot. reoelptH from plantatns 3 6I9,til3 3,676,199 3,589.035 3,.'i30.047
261,242 :<44.112
.
341,137; 227,8 )>
87.00.,
39,0oo|
78,000
90,000
1
Net overland to Dt-wmber 1
Boutbem oonsompt'n to Dec.
:
;
:
?gs'-.
:
I
ffH:
o p -- ^^
-JOOJ-OOOLO
^
« OD — « O
Oa
;;•
1^ r- Cd
*-•
'j*
x
M
CO
"if* -XI
';j"
/,
O" C^ cc
J. «rf- Qo*.o=;circrf**o® — »3*>u«co
— <03i
rooo .(^QUitkC0^100C09«0*OU^X
wccKo ^C. tDCO-.DXXOb-JWw'X
:
t9«O«^t0t0'
^ O ^J 4^
QOUt
ro
»»
Vj
V'
CO
«
ooc'ii^C'Ct^co
c;<ac;ti-j»-AM
*.
CO
CO
CW
<0
W
•q'--'
H*—
c? *i ui
w
^.^
^ WW
ftV
^^ t
^^ V^ I^
— *^ ^ y^*
F
4W
I
Ml ODXh-CoO ^i^*W
KUt*QDMO<<J
00
cp « w c b
00 >^ to CO ^ oo^ ^1 x"b It
"-i
o:
1^
&-#>>a:kowi^MX»otoi'ic-^-^itc<xco5<A
rf^Cbeoc£-ocoLot9ai^c0^aotacxMCc.>i
M
«
u
CO
g
QD
I
CO
MMCO
^w
to
K>
CO
CO
c»'
MIOM
'o '^ Vj
V
tOCOi^VOUi
I
^ K- yt
^ 03 •^ CO 10
C" to CO CJ
C5ut-cnciyco
C3 CO
^i-ioa(o
M
7g'<,134
613,293'
769,525
743,008
It will
— iorcii*-ii.coosp_w^^cccioa'-p
^ ^ tn 1™ *• » CO Vi ^J
^ cc
xcow— to— ?a b xi it!a*.ocr--xi — <>ijiv>
-—
'
Ol
4,049,750 3,982,054 8,937,337 3,864.1 S»
be seen by tbe above that tbe laoreaae la ammat la aUM
to-nlsht, aa eompared with la<t year, la 67,n96 balea, the Inernaae
aa compared with 1883 b 112,413 balea and tUs lae ra «« e over 1883
185,591 bales.
b: ''I
^*-5oy«
r.
1^
CO
•u
18..
taUnKS to
U
:
OC'
u
OD
CCOXOf
Ilk
CO
»c :c j,i r.
C ** X w'i'i CO
M
It. '-.
CD
o:^
spinners'
December In
|l*
MCO
01 -.J
»o »o
o*^ '>fc'c tD*~ c"^
OD
Total In sight December
:
|
Nnrthem
ICtO
OSCtD — COACD
§?: &:
aaooc*''pjf
dy
wco;^K w^cc — ocpj-^_^a)
*. — V CO X w
Q C K -^ 10 ^ 00 CO O^ to «- CO -M M «0
V-Vj -cic
too Vs *» Q0*O Of oil-
(-wdJ-ta-vi^ cO'^j^vco'JooycotDriio
1^.
Ol
•-•
bi' j'rotc-ib':^t3^^)CO*.M"I-*-osV«>*'>
ctif»c;<icooco — -rcico>-«-»J*«oy<
occoc;*C)a3Cc:s:o;;«co-iMOC'^wcoaD
0)
A
*"3tOb
rfk.^0
00
»0^
Wkatheb Repoets bt Telboraph.— Oar telegrams from
the tjouth to-night mdicate Kss favorable we.ntlier conditions
during the week than have ruled of late. Killing frosts are
reported from many districts, and in a few localities tbe rainfall has been soiuewhat heavy.
(faloeKton, yejoa.— It has rained on one day of the week,
the rainfall reaching one inch and two hnn'IrHth^, There
"ter has
has been killing frost on one night. The
averaged 54, the highest being 68 and the
Iridianola, Ttxa-i.—Vfe have had rain on in.,-, u^ivs of the
week, the rainfiill reaching eighiy-ono hundredths of an ineh.
One killing frost this week. The lhermomi;lor has averaged
52, ranging from 81 to 74.
.
>.
i.
PtUeatiius, T»xat.—lt has rained on two days of the week,
the rainfall reaching one inch and sixiy-uine hundredths.
We have had three killing frosts this week, 1 he thermometer
has ranged from 24 to 68, averaging 45.
w
j
.j
p«
Sew Orleans, Lvnurtaua.—lt has rained on three
the week, the rainfall reaching two inches and focty-aix
hundredths. The thermometer has averagvd 48.
Shreceport, Lofusmua—lUintaa tot the week one in^
and eighty-five hundredths. The thermometer has ftTsraged
42, the highf st being 68 and the lowest 85.
Coltunous, M'ssusippt.—li has rained on one day of tM
inch.
week, tbe rainfall reaching fJfty-flve hundredth* of
The thermoiuetrr has averaged 86, ranging rom IB to 04.
Le/aud. i/i»»'«*J>/.J.— The weather has be. n ooW but
from
plea-sant during the week. The therm«jmeler has tmnged
18 to 6», averaging 89-6.
LiUie Hock, ilrAuTMCM.—Telegram not receiTCd,
i
m
COCO^Cd*
xc Zo c^utotDw!
•
coiooccco-f^uo
I
rz
The above totals ehotv that the old interior hux^ki* nnve
ifior«o««U darinic Uie week 4M13 oalee, and are to-aignt 94,000
.>
:
1
THE CHRONICLE.
726
Helena, Arkansas.
—Telegram not received.
—We have had rain on
Memphis, Tennessee.
two days
of
the week, the rainfall reaching ninety-nine hundredths of an
inch. The total receipts to date and the stock on hand are
the largest on record. The thermometer has averaged 35,
ranging from 18 to 56'5.
have had rain on three days of
Nashville. Tennessee.
the week, the rainfall reaching forty-nine hundredths of an
inch. The thermometer has ranged from 18 to 60, averaging 34.
Mobile, Alabama. It has been showery on one day of the
week, and has rained severely on one day, the rainfall reachAverage thering four inches and eighteen hundredths.
mometer 43, highest 63 and lowest 36.
[Vol.
XU.
The above totals for the week show that the movement from
the ports other than Bombay is 3,000 bales more than same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
BIP0KT8 TO EUROPE FROM ALL INDIA.
—We
—
.
1885.
to
a!l Europe
This
week.
from—
Bombay
1883.
This
week.
715.000
231,000
7,0C0
5,000
All otier ports.
1884.
Since
Jan. 1.
13.000 1,207.000
3,000 306,500
Since
Jan. 1.
This
week.
Since
Jan.
1.
27.000 1,316,000
5,500 291,200
Total
12,000 946,000 16,000ll.5l3,o00 3*2,500l 1,607,20
Montgomery, Alabama. — It has been showery on two days
of the week, the rainfall reaching two inches and thirteen
This last statement affords a very interesting comparison of
hundredths. The thermometer has averaged 40 9.
Selma, Alabama. — It fias rained steadily on one day of the the total movement for the three years at all India ports,
week, the rainfall reaching two inches and sixty hundredths.
Alexandria Receipts and Shipments.—Through arrange
The thermometer has averaged 41, ranging from 31 to 57. We ments we have made with Messrs. Da vies, Benachi & Co., of
killing frost and ice on two nights.
had
Liverpool and Alexandria, we now receive a weekly cable of
Auburn, Alabama. It has raired steadily on two days of the movements of cotton at Alexandria, Egypt. The following
the week, the rainfall reaching one inch and seventy-two are the receipts and shipments for the past week and for the
hundredths. We had killing frost and ice on Friday, Satur- orresponding week of the previous two years.
day, Tuesday and Wednesday, and on Sunday an inappreciable
amount of snow fell. The thermometer has ranged from 30'5
Alexandria, Eaypt,
—
averaging
to oo'5,
December
39'3.
Madison, Flo7-ida.—TelegTaia not received.
Macon, Georgia. We have had rain on two days of the
—
week.
1885.
10.
1884,
1883;
Receipts (oantars*)—
This week
Since Sept. 1
—
—
160,000
1,753,000
170,000
180,000
1,762,000
1,863,000
Columbus, Georgia. There has been no rain all the week.
This
Since
This
Since
This
Since
The thermometer has averaged 35, ranging from 83 to 45.
week. Sept. 1. week.] Sept. 1. week. Sept. "
Savannah, Georgia. It has rained on three days, and
(bales)—
the remainder of the week has been pleasant. The rainfall Exports
10,000 111,000 11,000 147,000 110,000 119,000
To Liverpool
reached one inch and fifty-nine hundredths. The thermomToContlnent
8,000 58,000 10,000 58,000
2,000 44,000
eter has ranged from 31 to 71, averaging 48.
Total Europe
118,000 169,000 21,000 205,000 12,000 163,000
Augusta, Georgia. We had rain on three days in the early
* A oantar la 98 Iba.
part of the week, but the latter portion has been clear and
pleasant. The rainfall reached one inch and forty-nine hunThis statement shows that the receipts for the week ending
dredths. Planters are marketing freely. Average thermom- Dec. 16 were 160,000 cantars and the shipments
to all Europe
eter 39, the highest being 60 and the lowest 33.
18,000 bales.
Atlanta, Georgia. —We have had no rain all the week. The
Manchester Market. Our report received from Manchester
thermometer has averaged 36, the highest being 53 and the
to-night states that the market is
|
—
—
lowest 33.
Charleston, South Carolina.— We have had rain on two
days of the week, the rainfall reaching one inch and forty-two
hundredths. The thermometer has ranged from 30 to 69,
Ice
formed on
17, 1885,
and December
IS, 1884.
Dec. 17, '85, Dec. 18, '84.
New
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water-mark
Above low-water-mark
Orleans*...
Hemphis
Nashville
Shreveport
Vlckabnrg
*
Now
Inch.
Feet.
Inch
Feel.
3
11
20
5
Miss ing
11
1
13
&
6
8
3
1
U
C
4
8
I
reported above low-water mark, instead of below
higbwater
mark as prior to October 30, 1885.
India Cotton Movement prom all Pokts,— The receipts
and shipments of cotton at Bombay have been as follows for
the
week and
year, bringing the figures
down
to Dec, 17.
BOMBAT RKCEIFTS AMD 8HIPMEMT8 FOK FOOB TEABS.
I
Year
SMpinenIa IhU week.
Hret't
V'tttli-
Talal.
\hrU'n
fhipmenls since Jan.
(I -rut
I
Britain
Con/inent.
1.
Total
Receipts.
This
Week.
Since
Jan. 1.
1885'
7 000) 7,000 225,000 490,000
715,000 19,000 1,106,000
1884 10,0001 3,000 13.1 00 521.000 68U.O0O 1,207,000 22,000 1,649,000
'^'^'"l^'OOO 27.000 18S,000 828,000 1,316,000 30,000 1,751,000
J1I2
1882. 7,000 111,000 17.000:79fl,000 04S,OO0 1,447,000 J
1,000 1.7.^55,000
According to the foregoing, Bombay appears to show
a
<=o™Pared with last year in the week's receipts of
J^n*" u*1
d.UOO bales, and a decrease in shipments of 6,000
bales, and
the shipments since January 1 show a decrease of 493,000
bales
The movement at Calcutta, Madras and other India ports for
the last reported week and since the Ist of January,
for two
years, has been as follows.
"Other ports"' cover Ceylon
Tuticonn, Kurrachee and Coconada,
Shipments for the
&real
Britain.
Continent.
weefc.
Total.
ShipmenU since January
areai
Britain.
OonUnent.
60.000
82,500
1884
Miutraa1885
1884
AH others1885
1884
),000
3.0.0
14,000
56,500
5,000
1,000
3,000
4,000
17,000
42,700
67,0f0
80.300
68,000
44,500
5,000
3.000
141,000
219,300
90.000
4,000
Total.
77,00C
125,20>
,
1000
3,000
4,000
S7,20<)
20
"
27 3ie38iiie
Dec. 4 Siaasiiie
••
11 3
aSBie
" 18
135.00C
124 80C
231,000
306,^00
Ibi.
Mid.
d.
8
8
8
8
8
8
8
8
8.
TJplds
37 2
»7 2
»7
»7 1>«
a7 lis
»7 lifl
07 Ih
«7 ih
m
7>fla7
7's»7
Iwisf.
d.
5''i«
8%
1
1
5^8
53,,
5I8
5S18
514
5s,e
5I16
5
d.
Ootfn
Mid.
8i« lbs.
Shirtings.
32( Cop.
d.
d.
com-
d.
«.
B.
TTpldl
d.
d.
5iaa6 lOij
51396 lOij
51936 10>a
6ia»7
38I3i8 5
85,g98iSie 5
85i^«8l3i6 5
86i83813i6|5
87i8®9
9
9
9
8% ag
»7
«7
97
«7
®7
S7
8
89i839l8
89iea9ie
7
8>9 '39
8i« a9i«
8
51a
1
o'lin
2
5%
2hs
3
1
513ie
5 'a
513,6
East India Chop Prospects.— Our cable from Bombay
to-day again states that it is rainy in the Berars, and that the
weather and bad roads are causing diminislied receipts.
Tax AS Crop Estimate.— Messrs. Kauffman & Runge, of
Galveston, send us this week their estimate of the Texas crop
for the present season. They state that
The report is based on 700 replies from the 133 cotton-producing
counties, datoil from November 27 to December 4.
The (lucslions as to the probable outturn have been very satisfactorily
answered by our correspondents, and indicate a crop of 1 ,2I,t,400 bales.
Heavy rains in September were too late to add materially to the crop.
Some small sections matured a top crop, which is partl.y gathered and
partly Included in the 7 per cent yet in the fields. The late frosts have
killed all piospects for any additional yield from that source.
About 71 per cent of the crop has been sold by planters and 29 per
cent remained unsold iu the hands of producers on December 1.
Owing to the Yery favorable picking season, the average grade of the
Texas crop is fully Li*w Middling, op even bettor. Cotton now held by
I lauters is said to consist mostly of the higher grades.
it
Tlieir estimate is made up by counties,
below by sections. Messrs. Kauffman
but
&
we
simply give
Runge have
for
four years now given an estimate of the State's production,
and, consideri
the extent of the territory covered and the
diiftculties surrounding 6uch work, the results are certainly
very creditable. We add their estimates in former years and
thfir subsequent reports of actual production, with the estimate for this season, all of which are as follows
u
Production Fisurfs Compiled by
Total
Estim^tt
lB85-8a
Kauffman
1894-85.
North Texas
West Texas
Southwest Tex.
The Coast
East Texas
Ceatral Texas..
19.00*
56,500
Total all-
1885
1884
23 8M ®8iiih
" 30 8ia»8iii6
Nov. 6 8ie®8iii6
" 13 8ii6a8«8
••
1.
OUontta—
^88^
Oct. 16 8I4 »8iiie
•'
1884.
Oott'n
Shirtings.
d
d.
prices
prices for
8H
Ocfp.
Twitf.
Average thermometer
five nights.
highest 56 and the lowest 37.
Wilson, North Carolina.— We have had rain on two days
of the week, tlie rainfall reaching one inch and ninetv-four
hundredths. The thermometer has averaged 41, the highest
being 62 and the lowest 36.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
40-9,
December
32f
and leave previous weeks'
1885.
averaging 46,
Stateburg, South Carolina.— It has rained on two days of
the week, the rainfall reaching one inch and thirty-six hundredths.
We give the
quiet.
for to-day below,
parison.
828.700
70,800
191,100
34.000
118,300
478,000
Total product'ii
Esttmatcs
....
86,000
345,1
I10,OC0
898.000
00
978,000
1,215,400
19.S3-84.
308.000 350.000
68,000
67,000
1.37000 .140,000
SD.OOO
80,0;
1
<1
Itunoe.
1882-88.
1881-8-3.
.390,000
24B.('00
108,000
54.000
340,000
30,000
IB5,00O
596,000
1,585,000
1880-81
18'i9-ao.
5>!l),000
271,000
35,000
110.100
21.100
125.700
240,200
sm.ooo 1,250,000
804,000
130,01
21,000
74,000
848.000
845,000
67.000
170.000
24,000
124 000
907.000 1.070,000 1,300,0001
JaTE BaTTS, BiGaiNG, &c.— There h:« been a
fair
inquiry
for bagging during the p.»3t week, but the market is not active.
Orders are being confined to supplying the joobing wants of
the trade, and ouyers are not disposed to lay in any large
—
>i
I'OUBEK
Prices aro unchanged, sellew quotlnK Oo. for Uj Um.
dots.
OJ^c. for I'l ll»8., 10 ^c. for 3 lb«. and Tic for utaminrd
fradeA; but a concession could bo obtained on a larKo lot.
ttitts have sold to a fair extent for present want*, and for
spot jiarcelB sellerB are quoting l''4(ii)17gC. for paper Kradcw
and :j(^a7-10c. for bagging ((uahtii-s, with .nitloa of d.oiDObalea
There is not much call tor lota to arrive.
at those figures.
Hoarouc— Tn
COMPAUATIVK POHT RbCKIPTS AND DaII.Y CROP MovuoEirr
— A comparison of the port movement by weokn
is
not aocurat«.
as the weeks in ditTorent years do not end on the same day of
the month. We have consequently added to our other standing
tal>le8 a daily ami monthly statement, tliut the reader may
constantly have l)efore him tlie data for seeing the exact relative
movement for tlie years namad. The movement since
September 1, 1883, and
previous yean, has been as follows.
m
T»ar BeginniHO Stptembtr
ItoniMy
1884
18S.V
1883
18S2.
335.(343
429.77:
l,05!i.."i24
8.53. 19.^
458,478
963,318
974,04:> 1,006,501
Total
2,521,718 2,557.934 2,420.284 2.401.937 ^,^57,ol^ 2,433,297
Pero'tageof tot. port
53-58
49-90
47-81
receipts Nov. 30
39 90
41 42
I
This Statement shows that up to Nov. 30 the receipts at the
ports this year were 33,376 bales less than in 1884 and
104,431 bales more than at the same time in 1883.
The
receipts since Ssptember 1, 1S3.5, and for the corresponding
period of the five previous years have been as follows.
1885.
1834.
1883.
1883.
1881.
1880.
Tot.Nv.30 2,524,718 2,557.991 2,420,284 2,401,937 2,257,015 2,433,297
Dec. 1....
36,857
51,576
40,400
32,561
36.887
26,617
" 2....
8.
29,351
34.792
30,603
51,332
29,218
" 8....
32,235
31,48S
49,256
8.
34,00h
48,897
" 4...
44,918
36.573
46.652
50,747
S.
30,346
" 5...
49,583
8.
39.900
69.328
40.332
54.134
" 6....
35,316
31,7.')9
B.
42,484
41,373
63.166
" 7....
B.
52,116
49,072
27,721
30.136
36.174
" 8....
41,919
53,026
54,997
65.741
29,283
40,885
" 9....
a.
36,266
40,286
47,901
35,689
25,055
" 10....
33.148
29,9ti4
57.783
8.
39,377
59,133
" 11....
40,050
46,929
48.904
43,651
8.
41,993
" 12...
40.180
34.347
81.643
34,208
50,0.59
8.
" 13....
35,221
8.
31,338
40,107
30,942
42,522
" 14....
58.fi66
44.303
37,112
32,913
30.650
8.
" 15....
47,949
36,960
33.332
56,658
40,736
63,398
•• 16....
51,325
40,452
32,472
8.
86,934
32,675
" 17....
29,762
8.
28,929
49,541
31,541
44,845
" 18....
43.355
49,869
B.
39.649
37,300
41,367
Total
3,154,224 3,260,720 3,093,879 3,037,769 2,854.563 3,059,333
Peroentag e ot total
port rec'p ts Deo. 13
68-27
63-78
50-46
60-47
5208
This statement sho-ws that the receipts since Sept. 1 up to
to-night are now 106,496 bales less than they were to the same
day of the month in 1884 and 60,345 bales more than they were
to the same day of the month in 1883. We add to the table
the percentages of total port receipts which had been received
to December 18 in each of the years named.
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
180,008 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
With regard to New York we
the Chkoniclk last Friday.
include the manifests of all Teasels cleared up to Thursday
night of this week.
—
Total baUt,
New York—To
Liverpool, per Bteamers Auraniii, 1,141
City of Chicago, 2, 110.... Helvetia. 1,65 1.... Kepler, 2.710
....Laplace, 1,365. ...Nevada, l.U20....Kepalilic. 1,180... 11.177
1.464
To Havre, per st^-aioer Lalir»<Ior, 1,864
THi
To Bremen, per Htnainer Ei.l'-r, lu....
—
.
To Hamburg, pt-r stfaiiu-r Khaetii^. -.iO''.
To Kolterdain, per sti amor W. A. Si-liiil en, i02
To Antwerp, per 8Uaiiicr.< Bulgeul..n>l, J, UJ...Jau Breydel,
To Genoa, per ateamera Burgaudia, 547
....India. 649
To Trieste, per steamer India, 87
Hew Orleans—To Liverpool, per ateauiera Astronomer,
In our
Holirr
Kew Tort
R.Orlaaiu
11,177
OflMS,
Savftniikh
wrm.
Batrt. burg.
l.»«t
919
13.tSl
3,701
18.430
14.473
*•*'*
1,100
iena.
JrttMtt.
4,7«»
I,51J
48,M1 7,40130.332
OharlMton
OalvMton
PUlUdelp'a
Total
114.135
B,»25
4,91U
4.rt50
H.«loo
a..s35
9.36530,879 0.41S
5.IM«
>,IIM
I.SM
1.0M
B.133 13.300 iM.004
Below we add the olearanoea this week of vssMla eMTjriac
aotton from United States ports, bringinK our date down t«
the latest dates:
GAi.v»8TOK-For Llverpool-Dop. 13— Bark Bobloimtail, 3.300.. ..D*«.
11— Steamer Prlnoam, 5.325.
For Havre— Deo. 16— Bark Agon. 973.
Bremen— Deo. 15— Sleainer Kiaprem. 5.563.
Liverpool-Dec ll-eteameri BMUworth. 3,050;
Biienavcntnra, 3.533. ...Dee. 12— Steamen Jainaloau, 4.054;
Puerto Ulcpieno. 4,300 ...Dec. 14— SteaiiMn OaroIlD^, 4.000|
For
Hiw ORLBARS-For
Oaxaoa. 4,ii'2H; Thorn Molme, 3.3 2.
Fur Havre-Dec. 14-8ceiimer Chilian. .5,518
Dee. 15-BhlpUtSl*
Burrlll. 4,131. ...Dec. 16-8teamnr Llward, 5..508.
For Bremen— Dec. 1 5 -Steamer Kheola, 3,683.
For Sebastopol— Deo. 13—Steamer f axn, ,5,205.
1
BiVASNAii-For Bremen-Dec. 12-8teamer Helnutedt, 4.350.
CUARLESTOS—F.ir Liverpool— Deo. II — Bark (llcnola. 1.900.
For Barcelona -Dee. 12-Briir^ Dolores. 720; Neiirttan.
.500.
NORFOLK—For Liverpool— Dee. 15— Steamer
BrillnKhaio, 9,035.
Virginian. 2,999. ...De«. 11 -
Boston— For Liverpool -Deo. 10— Steamer
Steamer Catalonia. 2.619.
Baltimorb— For LiveriMml— Dec 9— Steamer Baltimore. 3.9SI....DM.
15— Steamer Siberian. 4.636.
For Bremen— Deo. 15—Steamer America. 1,580.
For Kotterdam— Dee. 12- Steamer Albano. 550.
For Antwerp- Deo. 12— Steamer B lUmwall, l,j53.
PRiLADBLruiA— For Liverpool- Deo. 15—Steamer Britt*Ii PiIbsms.
1.063.
Below we give all news received to date of disasters
carrying cotton from United States ports, ftc.
to vessels
Bernard
Hai.l, steamer (Br.). Alexander, at Liverpool, Deo. 10 from
New Orleans, took Ore In former port, but It wm exUagoUhad. A
few bales of ooltoa were damaged.
CvHRo. steamer (Br.), from New Orleans, at Havre. EUht handred bale*
of cotton per steamer Cymro caught fire while lying at the wharf
at Havre Deo. 12, and were badly damaged.
Ed.mondsl>t, steamer (Br.). KIroaldy, before repor'ed. from GalTaaton
for Liverpool, wnlch arrived at Bmnswlck Nov. 37, In dIurSM,
was repaired, and she resumed her voyage Dee. 8.
LIOORIS, bark (Italian), at New Orleans, for Trieste, with
l.KXlbales cotton aboard, twk lire night of Dee. ll.bnt the Are
Raffaele
was extinguished next day. 700 bates cotton and the veissl were
damaged. The cargo woiild be discharged.
Stbwart Fkkem.vs. ship (Br.), for Liverpool, while proceeding to
see In tow from Savannah, took the ground on Tybee RnoU, A. M.
of Dec 7. .She remained aground aliday. but came offsame night's
tide, and sailed 9tb.
Ootton freights the past week have been as follows:
aatwr.
Uverpool,eteam
Do
d.
Man.
!>«4»»3i
»«4 »".-»
.—
Do
sail
sail
....
Um*%
....
....
....
H
%
H
—
H
....
....
.._
.....
45*
Antwerp, ateam..e.
Per 100
..
*
45'
.--
d. »S4->»,4
....
e
1.446
.•••
»u
H
8aU...c.
c.
"»•%
...
Tl.
Amst'd'm, steam.c
s:»il
"ss«% iin*H
»l.
...
Do
...
....
....
e.
Beva', steam
nri
7|S
salL...e.
Do
num.
Tl.
Hamburgi steam.o.
Do
ira*M>
"»»»*
e.
Bremen, steam. .e.
Do
Am*.
»«»»« •S4«»M •m«*» *,t»ht
...
»all...<*.
Havre, steam. ...e. HmSSI,
Oeauo. steam
6,»it6
•mnssd
nrtmtK Hmm 4
!l»tUa
4 H»m- AnU Harm- and
'».
45.
4S*
%
«•
45*
..•-
....
....
...
..~
«»m-'»m".«-'»m >».«-»•« 'l«M-'V4 »»M-'S4
—
_.
....
^^
•m
".-a
»M
»;.*
»35
'a.a'4
'at*'*
Tsi**4
'«•>*
»s.
»M
»»
»M
•i
H»
>'.4
".4
".4
"e»
"»4
«'m
Trleete, steam. ..&
Navarro, 8,J0O
River Indiid.
Milanese, 5,668
49,063
per slilp AlKi'nia. 4.441
9 2t<7
KInbnrn, 3,870 7,401
Tollavre. per ships Alice iM.Mlnott, 3,531
stcauitr.i Drlllleld.
104
Ha vertoo, 6,750
To BrcMuen, per
20.322
Vicerity, 6,464... piT l>arli<iutteot>urt;, -/,0u4...
5,6u8
To Genoa, per sieaujer Kiversdale, 5,608
Savannah—To Liverpool, p^r i-hips Crosatler. 3,9lii Uplaod
Htcwart Freeman,.5,436 Upland. ...per bark Valoua, 3,096
12,451
Upland
5,4.^9
To Bremen, per steatnor Thalia, 5.425 Upland
4,650
To Amsteniant, jier ste.inier Ueal(. 4.650 Upland
To Barcelona. i>er ^t.•:uller Tarpeia. 5.050 Upland. ...per
6,600
bark C.itaiin», 1.5'0 Upland
2.4.50
To Genoa, per bark En«elbrekt. 2.450 Upland
1,20 >
I'o Napleo, per liark Iris, 1.200 Uul.ind
CHARLKsroN— To LiveriH)ol, per iiark Witcissa. 2,70V Up and.. 2,701
4,210
To Bn-nieii. per steamer I»ch Hannm-.h. 4,2iU Upland
per brig
To BareolDua, per bark Jeiira. l,87o Upland
2.525
Jose Maria. 650 Upland
1.350
To Oenon. per bark Aiiga-ito. 1,350 Upland
Qalvksto.n— To Liverimul, per sleamerd AmetliysC, 3.U74....
Mouqt EdgeOlenmote, 4,996
Fern Holme, 5,861
13.420
coml>e, 4,lt*9
1.064
To Genoa, i>er bark EUsa 1,064
I.KW
tiitr^ l.iuo
tdtrtl
The partlonlan of them 4htpm«mta,
form, are
foUowi:
4.663
....Caribl)ean, 3,0.->9... .Explorer, a,739....UiUdo, 7,875
%t»mmmr
.ItMM
Barxjalona.Hleam.e.
87
« iii«ri nafit. 4.*»t ...ir«t»f
nr(MHti, p..r
lOi
FuroeDSlH, 250
«t»i
Total..
gMtoj-T
1880.
.
Plli
Norfolk
1.
1881.
845,445| 343,812
320,65t
1,090.385 1,046,0!)2
990,584
Rovemb't 1,033,552 1,122,161 1,030,380 1,094,697
Bept'mb'r
October.
'
727
Mv»ntnnl, fur
1
Hteeipti.
:
.
THE CHRONKJLK.
I88n.|
10,
—
•a-H 1„«^
lbs.
—
LrvKHPOOL. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c., at that port. We
ai<i previous weeks for compariscp.
.->,
y«».37.
Sales of the
week
bales.
Of whlnh exiMirters took
Of which speciUators took..
Salee American
Aetaal export
Forwarded
Total stock— Estimated
Of which Amerloan— Esttm'd
Total Import of the week...
Of which American
Amount
.float
Of which American
n»e. 4.
60,000
3,000
3.000
5i.oro
4.5.000
40.0Ui
7.000
19.000
415,000
306.000
107.000
90.000
355,000
250,0O»
8J»0
3,000
6.00I
/Xe. II
Omi
18.
45,0*H.
SO.rtOO
4 'KM
8.000
l.OOO
4o.oro
5.000
20.000
4-0,000
347,000
135,000
2,0vO
S-I.OOO
7.0O0
l-t.uOO
24.00<
433.0tX)
4C6.00<
321.000
3i8,00(>
1>4.00<
78.00*
30^.00)
5S.OO0
43.0«>
376.000
aos.ooT'
3«;/M0
RttJOOO
170.000
sei.ooo
The tone of the Liverpool market for spots and fuimi
day of the week ending Dec. 18, and the daify r-'"»—
Ot spot cotton, have been as foUows:
.
.
THE CHRONICLE.
t728
UtrfUUtif,
Bpot.
"mall
inquiry
Market, (
12:30 P.M. ^
Quiet.
Tuesday.
Wednen. Th'ursd'y
Quiet
Small.
Inquiry.
5>4
5M
Bales
500
Bpeo.A exp.
5
5
5
53lft
8.000
1,000
6.000
offered.
firm.
5
Mid. Upr<l8
Mld.OM'n8.
Freely
and
Dull.
53i8
S'le
53l8
7,000
7,000
7,0»0
500
500
500
regular trade has not been stimulated by the lower range of
values, and no revival in this respect seems to be anticipated
till after the holidays.
To-day the market was dull and
drooping.
DAILY CLOSING PRICES OF NO. 2 OATS.
8O00
500
Uon.
35
Barely
;
s
Market,
Steady at
Easy at
1-64 de-
Steady.
Easy.
Quiet
but
(
de-
l-rtl
cline.
cline.
I
5 p. M.
Quiet.
steiMly.
steady.
ty
Hiv Lmw.
oven
April-May.. 5 OH
June-July.. 6
Jnly-AuK... 6
Irt
'.20
6(11)
6 10
,
Mieaneit..
SOU
5i:)
6 16
5 011
5 13
h 16
May .June... &ia
5 13
5 16
5 iO
5
;!0
1
Dec. 16.
Ope«i Biff/i T^t>w.\Ctoi.
*•
I
Oeeember..
Deo.-JaD
4
5''0
1-2
4 63
5 00
6
4 62
.
4 12
600
5 00
0.1
Jan.-Feb.... 4rt2
MO
4
Feb.'Maroh. .idO
niu
<oo 5 02
6-'
606
509
512
615 516
610 519
503
606
5 15
5 10
5 00
open High
d.
i.
Lovt. OUu.
4
5 00
5 00
5 00
6 02
6 06
6 0S
5 00 500
500 5(0
5 01 5 01 500
6 0S 503 5 02
6 00
5 00
I
6li3
March-Apr.
April- M ay..
1
1
5
(.8
.'<
5u6
May^Jnne... 5 10
June-July.. 5 13
Jnly-AuK,.. 5 17
(J.)
11
.5113
I
5
li8
5 10
j
5
\r,
."iiii
3 13
5 17
505
50K
Sll
615
619
5 05
5 OS
5 12
5 15
5 19
5 05
5 03
5 12
6 16
5 19
open
4.
4.
5 05
608
511
5 11
5 15
5 15
619 519
4 62
4 62
4 62
5 011
Kn„
Thnrs., Dec. 17.
4.
4 62
4 62
4 K2
4 62
5 00
6 03
5 00
5 03
6 06
5 09
5 13
5 17
Higft
4.
4 03
463
4 63
4 63
6 01
4 63
4 63
4 63
6 07
5 10
5 13
4 63
6 01
5 01
6 07
501
a 04
5 07
5 10
510 510
814 511 514
617 617 617
Velluw tidUUiern.
517
Low. dot.
463
West. mix. No. 2.
Weal, whit<-,Tiew.
West, yellow, new
White duuthern..
506
Dec. 18.
4.
504
4 62
4 62
4.
4 63
4tt3
4
5
5
5
5
The movement
07
10
6 14
5 17
i«(Mptf
35%
:^,
36»ii
3i;58
36>3
3Tis
i~
37
36%
3 40
a 3 65
I
4.ioa 5
3
75»
Soutliern
:i
taiiui.)
Rye
ii-
tloii
ker»'and
I-
1
...S^4
jSuporllue..
1W"»iori!, Au. .....
Oorn
Rr.>
5 00
101)
.,!,..
flour,
ii< u.), .<
Buckwheat
7.T
3
75^ 5 50
309 3 60
uii-
^
Ib.'i
4 009 4 65
obath.
310a 320
3 209 3 25
195®
2 10
I
ai 00
94
91
83
92
93
75
85
38
®
«
9
9
•
49:4 »
ie^aa
98
9G
.53
51
52
46
a>
51
50
9
55
52
48
9
Ky e— Western ........ 64 9 66
State and Canada. .. 68 9 70
Oats— Mixed
34 9 37
•
35 » 421g
34<a* 36%
39 9 4OI4
Barley— No. 1 Caiiad.a 98 ® 102
No. 2 Canada
82 a 83
Stati two-rowed
09 a 72
State, six-rowed
73 9 85
Western
65 » 80
BuckwUe.it
50 ® 51
Wtute
No. 2 mixed
No. 2 white
...
1,
of breadstuffs to
at—
Chicago
Milwaukee
Toledo
Detroit...
Cleyeland.
8t.
B
a,i%
Fri.
3m
34%
market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending Dec. 12 and since July 25
(or each of the last three years:
63
01
04
36-4
Th lira.
34=8
34=8
3408
37
3 l.'a 3 65
4 0J<B 5 25
3 50* 3 80
4 109 5 25
XX
517
6 00
6 01
5 05
5 08
6 12
.'iOa
3 20
Winter sUipp'K extrae,
Wiiitei
<fe XXX..
I'atwnts
Ity anipplUiiex
douth'u com. extrati..
6 17
500
6 114 6U4
60H 6 06 6 06
$2
aad Btra't.
613
5 00
5 00
5 01
5 03
6 nt
March-Apr
Uliuu. clear
5 16
5 01
6 01
5 01
5 01
6 01
6 03
5 05
6 03
5 1«
bbl.
519
5 01
6 01
6 01
6 01
6 04
5 06
.V
5i:i
5 01
SOI
601
4.
35
FLOUB.
Fine
Superllne
Hpiiug wheat extras.
5 03
5 011
5 10
5 13
d.
Wed.
34>4
35»fl
Eye quiet. Barley firmly held, but iu.iciive.
The following are the closing quocatiDns;
9pnuK,per bQBli.
SprinKNo.2
Red winter. No. 2
Bed winter
White
0')rn—West, mlxud
d.
34%
37ifl
Wheat—
d.
5 01
5 01
5 03
37'8
delivery
4
4 62
4 62
4 62
6 00
5 03
5 on
6 0»
4.
601
'
3.S-\
37''8
May
^jpen Btg/l Loio.
CtOf.
i.
.1
December.. SOI
Feb.-Marcta
open Bifh LOV.
f.
d.
Dec.-Ian... 6 01
Jan.-r«b.... 601
Clou.
Tnea., Dec. 1
Dec. 14.
Olaii.,
Peiiruary delivery
Maicu delivery
steady.
The opeiuaK, iiigliest, lowest and closing prices of futures at
liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unlesp
otherwise stated.
The ^-'KM are c/itien in pniee and 64<A«, thus: 4 62 means
4 62-64rf.. an'i 5 Of mrn>i4> 5 3-64d.
«at. Dec. VZ
36
Quiet
but
Barely
Steady.
steady.
3514
ru"*.
35ia
3«l4
Sat.
December delivery
J nuary delivery
Futures
Market,
12:30 P.M.
XU.
[Vol.
Louis
.
.
.
.
Peoria.
RE ADSTU FFS.
Dnluth
FKIDAT, P. M., December 18, 1886.
The market for wheat flour has been only model ately act ve,
and prices, in svmpithy with the course of the grain, have
nad a downward tendency. The range of quotations, already
covering very low fi^^ures, was not materi,illy reduced. Rye
flour was in go') 1 demand. Corn meal and buckwheat flour
were the turn chuhper.
The wheat market underwent a period of severe depression
during the first half of the week under review. There was
nothing in the foreign news to encourage holders, and
the accumulation of stocks, especially at the West, an 1 a
fall of snow relieved fome of the apprebensions tbat had
begun to be felt regarding the autumn-sown crop. On Wrd.
nesday the feeling was at one time somewhat panicky. Ye.sterday, however, there was more steadiness and n slight ret;ov.
ery. Wheat on the spot has been very dull. To-day tUe opening was fi-mer. on warlike foreign news, but the early
1
mprovement was not sustained.
DA1I.T OLOSIN . PaiCBS OF NO.
J
*«'•
,
^
In elevator
,
March
May
2
(leUvery
...
deUvery
gaog
8314
9114
92"'
93^9
92
Qi.\
flaii
951.3
95
9*4
ItS
93%
9d^
97'4
9<i%
luoag 100
93>a
9.=.>4
96
98>s
9939
and grain at the seaboard ports for the
f rtlaud
ntreal
...
P lladelphla...
.M
Baltimore
Newpiiri News.
149,363
74,805
3.600
6,357
21.!)28
21,867
180,-01
9,159
7,475
10.925
85,800
70,610
Corn,
buah.
780.991
218,483
31,261
Oats,
bush.
189.0.J0
Barley,
buah.
62,125
Rye,
bush.
1,302
108,593
3,000
39,925
418
600
760
77,400
427.230
26.000
6,015
1,000
73,200
2,800
600
4,000
348,913 176.250
3b0,575 323,525
9,120
23,000
RiehiKond
New
Orleans...
9,315
326,600
Totil;ve°lt... 287,235
Cor. ween '84.. 343,606
3'15,(I70 1.862,565
The
562,743 1.666,341
15,475
same ports for the period from Dec.
compare aa follows for four years:
total receipts at the
Dec.
12, 1885,
1884-5.
Thurs.
91
9.Sia
B Bton
1883-4.
13,560,241
1882-3.
13,669,785
12,423,498
,.41.151,364
69,071.276
46,101,016
31,91J,251
6,216,159
1,124.894
5,516,287
60,261,865
83.191,659
31,004.942
5,925,972
5,612,308
86,030,452
33,082.250
26,68^,847
5.606,772
2,094,786
hbls. 13,185,225
PlotU'
Wed.
9*ia
lei's
York
BED WINTER WHEAT.
Tues.
.Ifon.
WSTg
9478
96's
Jaaoary delivery
February (lelivmy
At—
Si VI
flour
13 follow:
Flour,
Wheal,
bbla.
bush.
22, 1884, to
»5
December delivery
The receipts of
week ended Dec.
1881-2.
Fri
ai
Wheat
91
Corn
Oats
u,
bnsh. 45.377,446
82,003.633
Barley
Rye
6,286,4.57
Total grain.... 175.873. 496 158,890,317 185,996,744 153,497,087
Indian corn was weak and unsettled down to thw close of
Wednesday's business. Ihe decline was most marked for the
The exports from the several seaboard ports for the w««k
soft and damp samples on the spot.
These were prfssed for nding Dec. 12, 1885, are shown in the annexed statement:
sale with much urgency; but at 47@47i^c. the
so-called
Exports
Wheat.
Peas.
Com.
Flow.
Oats.
Bye.
steamer grades of mixed, as well as white and yellow, were
from—
taken quite freely for shipment. This movement stiffened
Bush.
Bush.
Bush.
Bush.
Bush.
Bbts.
New York 170,685 629.902
the market, and yehterday saw some recovery in
1,1S9
56,602
1,770
futures. Boston
19,548
54.266
54,362
To-day the market was weak and unsettled,
Portland.
16,919
3i',538
21,261
589
18;i34
.
DAILT OtOSINO PKICKS OF NO. 2 HIZSD OOBN.
Hat.
Man. Tues.
Wed. Thurm
5m
SO'a
to elevator
peoe»ber deUvery
61%
January delivery
February delivery
6<»
March
49»8
49i<
48»8
49^
i^^
May
delivery...
delivery
5m
....
50^
50^
41.^
^g^!^-
50
49i«
48%
4X5?
Js^
48%
48'«
48>4
480»
48? iB^
a measure, sympathized with wheat and
4Pia
48%
\ll^
4-1S
Montreal.
Phlladel..
^•
Baltlm're
ioi.
Rlchm'd
itv<
N. Orl'ns.
17,200
3,8«0
170,410
284,277
16,663
9,596
584
"25
.
12S
37,636
19,829
j32 Total w'k. 219,423 1,163,976 137,696
11^ S'me time
1884. ..
86,411
28.313
385
924,615 763,967 180,304
Xt^
corn,
The destination of these exporta is as below. We add the
Oats haye, in
but have not shar«d in their speculatiye aciirity, while the
corresponding period of last year for comparison:
I
Dbcembur
THE CHRONICLE
10, 188S.]
WMat.
Flonr.
1884.
Week.
WctK:
Dec. 12
Dee. 13.
BbU.
188S.
Week,
ner.
0«nt.
1884.
12.
Werk.
Dee.
13
Bufk
Biuh
112,840
76.334
422.316
S02,27U
20
100
ur.'JUB
180,304
2!9,423
Bbti.
10,10.!
-i.l
I7.!l8lt
Total...
By addinf;
1884
wm
lUe. 12.
138.220
9,573
12,310
8,8S4
11,301
13
8t,04A
a.uss
M
BtuK.
86(1,632
283,233
8,248
a.811
43,%7i4
9,218
3.\0
33,901
924,019 I,l<j3,07e
763,967
week's moTement to our previous totals w e
liave the following statemeat of exports this aeoaon ami last
this
-eeason:
Dow.
li«B.
Expert* to— Aug.
a
to jLuo.
18HS.
1884.
8S to Aug. 84 to
I
HfC. 13.
J.
Dec. Vi.
Bt>l>.
l)<c.
188S.
BlUll.
Xu«. 81
Ik-r.
1884.
to
4u«. 85
t-.
Der. 18.
liec. 12.
13.
BmK
1.335.888
Va. Klnsdom
ConttneDt ..
S.AC. Am..
Wen
Indies
Brit. Col'nies
Otlu oonntr't
Total..
1.601.201
4,830,901
Buth.
B.M1.843
13.180
8«3.7?8
SW.fl-S
ITrt.MO
SI,l33,44t<
11.219,952
8.833.700
799,231
2.1I.0M3
«.70tl
31,845
007,448
908.0M
878.aiO
4.107
111,441
877.931
10,118
«5
146
89,180
119,188
37.a«7
18,320
13.437
23,807
4.1,079
2,0(i5,013it.*, 799,607
a(>,8T9,925
13,289,012
3,801,430
24t),IU7
10,189
2,193.8751
Biuk.
9,78.'t.»82
4,300,833
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Dec. 13, 1885 :
Wheal,
bush.
9.783,700
1,592.000
2,000
1,257.732
In $tore at—
New York
Do
aHoat
Albany
Buffalo
Do afloat
Clilcairo
Do afloat
532,207
14,285,010
47.000
Milwaukee
Dnluth
Do
Oats,
Barley,
bush.
bttsh.
hush
124.521
2.389,643
1,912,587
230,000
2,508,818
160,000
300,371
201,459
afloat
Detroit
Oswejro...
Loula
Cluclnnatl
8t.
Boatou
Torouto
Montreal
.
Philudelphiu
Peoria
Indianapolis .....
KaUHUs City
BaUliuore ....
MinncnpollF
8t Paul
Down Mtasisalppl
On rill....
On lake
94.775
115,209
161,0(0
854,698
8.000
129,207
8.985
440,3:16
734
919,472
2,842
184,409
951,094
1.462,987
6.431.085
153.339
104.435
109.0!-'5
44.175
579,601
6,943
22,322
172,831
30,000
401,378
82,296
42,747
58,513
46,864
7,001
5,485
330,000
45,000
374,174
112.589
107.900
7,500
36,3J2
218,798
299,788
8,179
13:1.977
10,016
4,863
652,700
123,032
116.000
74,000
121.814
6,000
17,192
78,000
526
302,000
Dec. 12.'85. 58.149,717
5,'85. 5i),99.i.fi58
Due.
Dec. 13,'84. 41,894,779
Dec. 15.'33. 35,118.221
Dec. 16,'82. 19,781.437
1,321.000
68,753
10.260
368,0t0
a small discount, for MsMa, and S li-l99tJie. for SdaM*.
PrinU continued in light and irreguUr domaad. and ihatv
waa a very satisfactory busineaa in dra« gingbame, crinkl«d
seertuokers, printed tawna and cotton hoalary for fntn*
less
Domestic Woolen Uoods.— The situation in the woolaa
goods market has undergone very little change. There waa a
good steady movement in spring oaaaimaiw and worsted suitings on account of orders placed (om* Ume ago, but naw
business was light and unimportant.
Heavy oaaslmen,
t.owseringfl.worsteds and overcoatings were In limited requeet
for the renewal of assortments, and desirable makes are la
meagre supply and firm in price, Cloakinga were mostly qnlat,
but Jersey cloths and stockinettes were distributed In raiatively small parcels to a fair amount, Kentucky jeaaa and
doeskins were dull in first hands, and the demand for satinets
was confined to small parcels of leading makes. LadiesT
and tricots were lightly dealt in, and winter dress
goods ruled quiet, but some very fair orders for all-trool and
worsted dress fabrics, adapted to the coming season, wera
placed with the mill agents. Flannels and blankets continued
to move in small quantities, and prices are well maintained.
In carpets there was only a moderate business, and shawls,
skirts, wool hosiery and wool and merino underwear ruled
quiet in first hands, though fair sales were effected by jobbers.
FoRElON Dry '6oods were for the most part very quiet in
importing circles, the demand having been chiefly for holiday
specialties,
which were distributed
in fair quantities.
4
The
5,247
8,444
auction season has practically closed, no offerings of special
importance having been made during the week. Importers
are well supplied with orders for spring and summer dreas
goods, &c., for next season, and deliverifs in this connection
will shortly be commenced.
4,800
Importations of Dry Good*.
of dry goods at this port for the week
ending Dec. 17, 1885, and since January- 1, and the same facts
3,231
2.183
685
47'255
390
1,212,000
252,858
ud
cloths
Kye,
bush.
131.479
637,551 1,445,258
12,000
240,000
2'i.OOO
35,600
103,176
5,975
62.000
679,517 133,774
3.48y,97.T
4,126,4ti9
Toleilo
Tot.
Tot.
Tot.
Tot.
Tot.
Corn,
ww UMy
ings, table damaaks and curtain good*
aeU**
steady in pricp. Print olotha w*ra qaial ia ooapMtoMi wfUl
previous weeks, and prices an tuttt on Um baste of as-lda,
delivery.
Otr*.
iaS4.
m
makm Toartilti rriH of tU Loom.
Cabot, IlilU, fto., bavinc btra i«dno«d ftboot •flvt pv
eMl
We*>c,
For oolored cottoni th»r*
ttMdjr ^*~h iH bf Jobfeats
Dtc. I.i
and the maoufaoturlnic trad*, mi4 «ooIu mn
w«l| in kaa4,
aa a rule, that laading brandt mn Bmly ImM. Taney ootioa
638,10»>
24.208 fabric^ as white goods, quilta, umntlnn,
ooMo— dn. thirt-
188,%
Week
AhMd," nich papain
Tlii
The importations
131,000
for the corresponding periods are as follows:
753.041
5,953,728 2.878.144 2.491.655
Bl-^.SSO
3,632.373 2.!I00.02.') 2.660,375
675,019
4.617.251 2.913,86.") 2,192.412
8,81.5,376 5.8i>4.551 3.512,936 2.751,634
7.107.700 2,909,462 3.092,084 1,277.996
THE DRY GOODS TRADE.
FuiDAV,
P. M..
December
18, 1885.
was spasmodic and irregular^ the
past week, but the volume of business was fairly satisfactory
for the time of year, and there is a very hopeful feeling in the
Preperat;ons for the coming season were continued by
trade.
wholesale buyers, who placed liberal orders for spring and
The demand
for dry goods
summer goods with the domestic commission houses. There
was also a freer movement in staple cotton goods from first
hands, large shipments having been made in this connection
by Western and Northwestern jobbers, whose low freight
contracts will expire at the end of the year, and which wUl
not be renewed by the transportation companies, save at a
material advance. The jobbing trade was mainly quiet, but a
fair distribution of department and holiday goods was effected
by most of the principal jobbers. The tone of the general
market continues steady, but slight price and time concessions
were made on staple cotton goods by agents in order to enable
them to reduce accumulations, and close up their gemi-annual
accounts with the mills.
—
Domestic Cotton Goods, The exports of domestics for the
week ending Dec. 15 aggregated 4,109 packages, including
1,470 to Great Britain, 1,2S0 to Africa, 503 to Hayti, 289 to
Argentine Republic, 141 to U. S. of Colombia, 107 to Santo
Domingo, &c. Aa above noted, there was a better demand
for staple cotton goods at first hands, in which both plain and
colored descriptions participated, and transactions footed up
Brown sheetings were in
very fair aggregate amount.
steady request by jobbers, converters and exporters, and an
increased business in bleached cottons and wide sheetings was
i
Stimulated by means^of Jslight price concessionsand "dating
i
:
Ruction
STOCKS
BXrSINESS.
REGULAR AUCTION
SALES
The Guarantee
Cash Capital
CashAssets
ON
WBDNB8DAY8 AND SATURDAYS.
H. IHIJL<L,ER & SON,
No. 12 PINE STREEi', NEW YORK.
ADRIAN
(KQITITABLE BtTTLDTNG
»300,000
400,000
214,000
Deposit with Insurance Department
President
Vice-President
Hon. Jas. Fekriieb.
Sir alsx. T. Qalt,
Managing Director Edward Ra wlings.
•
E. 8.
Vice-Pres't.
THE
Gate City National Bank
ATLANTA, GEORGIA.
Designated Depository of the United Slates.
and Surplus,
-
-
$300,000 00
AccouDtJi of Banks, Merchants, Corporations and
Individuals respectfully solicited.
Collections promptly made and remitted for.
Will act as agent for the Investment of idle and
surplus funds of Banks or Individuals.
In our active and growlnp city money is always in
demand. Our rates reasonable. Ulve us a trial.
Thos. P. Miller
&
Co.,
BANKERS,
niOBIIi£, AliABAIVA.
Bpecta] attention paid to collections, with promot
remittances at current rates of exchange on day of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondents.— Bank of the State of New York,
New York Louisiana National Bank, New Orleans
Bank of Liverpool (Limited), Liverpool.
;
THE CITY BANK OF HOUSTOiX,
CAPITAIi, $500,000,
We
First
WALKZB,
A. K.
BOIVBS OF
this
made on all Southern points on best
prompt returns.
John F Glbsx.
JOHN
Cash.
P.
BRANCH,
President.
Fred. K. Scott. Vice-Pres't
TDOMAS BRANCH &
CO.,
BANKERS AND COMMISSION MERCHANTS,
RICHIdOND, VIRGINIA.
Bonds funded nnder the Funding Act
passed by the last LeKislature, for ^ per cent commission.
New North Carolina 6 per cent bonds,
•ecnred by lien on the State's stock In the North
Virgrinla
Carolina Railroad, for sale.
Policies Issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates, Ac, can be
obtained at head office, or of Company's Agents.
Wm. M. BicharijS. Prest. John M. Crane, Sec'y,
ROB'T J. HiLUiS, Aas't Secretary.
DIRKCTOU8:
WJt. P.
WATSON
President
Ist Vice-President
Sd Vice-President
3d Vice-President
Sec'yandTreas.
Antliorlzed Capital Stock, $1,000,000.
Paid In • • • ._^ . .
600,000.
BOUND INVESTMENT BONDS furnished to Savings Banks, Insursnoe Companies, Executors and
Tmstees of Estates, and individual Investors.
UNITED STATES BONDS,
State Bonds, Monicipal Bonds, Railroad Bonds, bou>fhl and sold.
BONDS of States. Municipalities
and Railroad Companies negotiated or collected.
DEFAULTED
CALL AND TIME LOANS made on
United States
Bonds and good Municipal and Railroad Bonds.
FINANCIAL AGENCY for railroad companies and
other corporations.
Designated as a legal Depository by order of Su-
preme Court. Receive deposits of money ou
UL-t
Will also conduct the reorganllatlon of railroad companies and other corporations
whose bonds are in defauIt,",or whose property la In
the hands of Receivers or Tmst«e8,
BAILROAD LOANS negotiated.
Circulars on application.
interest.
as fiscal or transfer agent, or trustee for corpora-
tions,
and accept and execute any
legal trusts
from
persons or corporations ou as favorable terms
other similar companies.
as-
THOMAS HILLHOUSK, President.
I'RKDEIUC
TAPPEN, Vice-President.
WALTER J. BRITTIN. Secretary.
I).
J^ttot•^lC^JS.
William
W.
Porter,
Attorney and Counsellor at Liaiv
No. 623 WALNUT STREET,
8 7SUMAN 8, JKWBTT, PrCB. JOSIAH JKWKTT, V.PrM
Corporation, Transportation and Commercial Law.
William
C.
Cobnwell, Caahier.
Rank of
PliUadelphia, Pa.
References:—The Trust Companies, The .National
Banks and Railroad Companies in Philadelphia, and
the Judges of any of the Courts.
Buffalo,
OAPITAI.,
$300,000
•
BUFFALO,
Fabius M. Clarke,
ATTORNEY AT LATf,
N. Y.
facilities for
making
collec-
tions on all accessible points in the United States.
Liberal terms extended to
Canada and Burope.
accounts of bankers and merchants.
CORRK8PONDENT8.— New York, National Shoe
li lather Bank: Union Bank of London.
TOPEKA, KANSAS.
Commercial and corporation law and munlcipa
bonds, specialties.
A
Refekencks: Hon. D. J. Brewer, U. 8. Circuit
Judge; Corbin Banking Co., New York; Eastenj
Banking Co and Qen. F. A. Osborn, Boston, and the
Bank of Topeka,Topeka. Kansas
United States Trust Co.
Attorney and Counselor at Law,
ATI<ANTA, GEORCIA.
Srttst ©ompanties.
A. Angier,
E.
No, 49
NEW
YORE.
WALI. STREET.
•...•--- $2,000,000
...
Capital,
Surplus,
-
-
-
-
3,701,436
This company is a legal depitsitory for moneys paid
Into court, and is uulhorized to act a.H guardian or
receiver of estate.^.
I.NTERBST ALLOWED ON DEPOSITS,
may be made at any time, and withdrawn after
PRACTICES IN ALL THE COURTS,
OorporatUm and Oommereial Late a Specialty.
Refers to Judges Stephen J. Field and Wm. B
Woods U. S. Supreme Court. Washington. D C.
©omnxjjrcial
©artls.
whicli
five days' notice,
and
will
may
the wiiule time bey
1
be iMititied In interest for
remain with llie company.
E.\ecutorH, administrators, or trustees of estates,
and females unaccustomed tothctransactionof business, as well as re!igiou.s and benevolent institutions,
will find this etmipany a eonvenient depository for
money.
JOII.V A. STEWART, President.
WILLIAM H. M*cy, Vice-President.
JAMES S. CLAKK, Second Vice-Pres't
Wilson G. Uunt, John A. Stewart, Geo. H. Warren,
H. Macy,
S. M. Buek'jrhani (ieo. Ullss,
Clinton Gilbert,
H. K. Lawrence, William Libby,
Daniel D. Lord,
Isaac N Phelps, John C. Brown,
Samuel Sloan,
Erastus Corning. Edward Cooper,
James Low,
S. B. Chittenden, W.Bay'rdCntting
Wm.
BROADWAY, NEW YORK.
JOHN C. SHORT
FRANCIS A. WHITE
JAMES 8. NEGLEY
THKO.B. TALBOT
Now York
$1,000,000.
Mills Building, 35 Wall St.,
PAID UP CAPITAl,,
David IJows,
W. G. Low,
A. S. Barnes,
Charles Dennis,
Alex. Mitchell,
J.S.T.Stranahan.H. A. Hurlbut,
8. B. Chittenden.
J. D. Vermilye,
A. B. Hull.
Geo. 8. Coe.
Wm. M. Richards.
Geo. T. Hone
G. G. Williams,
TRUSTEES:
98
Metropolitan Trust Co.,
t'le
Dan. H. Arnold, iW. W. Phelps. (John H.Rhoadcs.
Thomas Siocomb. D. Willis Jame3.'An.soii I*. Stokes,
Charles E. Bill, JumJ.Astur,
Hi.bt.H. Jlinturn,
AMERICAN
FINANCE COMP'Y,
W. CORLiES. Vice-PresT.
TRUSTEES:
Company at moderate
OF
Collections
;
EDMUND
Josiah O. Low,
E. K. Knowiton. HenrrK Sheldon.
Alex. M. White, John T. Martin. C. D. Woud,
A. A. IjOW,
Fred. Crrimwell. Henrv Sadger,
Alex. McCue.
John 1'. Rolfe, U m. H. Male.
Mich. Chauncey, E. W. Corlies,
Ripley Ropes,
Wm. B. Kendail.H. E. Pierrepont.Abram B. Baylis.
Jas. Rus8 Cukkan. Secretary.
CASrAIiTV I>£PART]n£NT.
parts of the United Sttte t
MERCHANTS' NATIONAL BANK,
KIOHnOND, VIRGINIA,
t«rms
SUKETYSHIP
charges.
The bonds of this (Company are accepted by
courts of the various States
from
iriI.iniNGTON, N. c.
all
Cor. of Montague & Clinton sts., Brooklyn, N. Y.
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or administrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receiveregistry and transfer books, or make purchase andi
Bate of Government and other securities.
Religious and charitable institutions, and personaunaccustomed to the transaction of business, will
find this Company a safe and convenient depository
for money.
Rll'Ll'^Y HOPES. President. - -dOi
Casblei
National Bank,
C )ll»etlon« made on
CO.,
BROADWAY, NEW YORK.
216
Cftab Capital, $250,000, invested in U. 8. Gov't Bonds.
1200,000 deposited with the N. Y. Isn. Dep't, for
the protection of I'olicy-holders.
Assets. January 1st, 18W5, $512,02« 11.
OflScials of BanKs, Kailroaas and Kxpresa CompaManagers. Secretaries, and Clerks of Public Comnies,
panies, Institutions and Commercial firms, can obtain
WM.
BuBBngs, Prest.
&
Nos. 214
Thia bank has superior
Texas.
fiire special attention to collections on all accessible points.
DiKECTOKS.— Benjamin A. Botts, Pres't; F. A. Rice,
C. C. Baldwin, W. B. Botts, Kob't Brewster, 8. K.
Mcllhennv, B. F. Weems.
B. F. WEEMS, Cashier.
R. BAKER, Pres't
B.
Secretary.
FIDELITY & CASrAI.TY
;
Houston,
TOMPKINS,
Nkw York directors— Joseph W. Drexel, A. L.
Hopkins, H. Victor Newcomb, John Paton. Daniel
Torrance, Kdw. F Winslow Erastns Wiman.
McCandless. a. w. Hill,
Cashier.
President.
OFFICE
BROADWAY.
NO. Ill
)
^onfh&vn ^nuktvs.
The Brooklyn Trust Co^
:
NEW YORK
D. J.
LoDowicK J. Hill,
Co.
OF NOETH AMERICA.
of all classes of
STOCKS AND BONDS,
XLK
%xn6t ®0mpatilcB.
of Suretyshiip.
BONDS Bonds OTHER
NO
and
The Undersigned hold
[Vol.
^iuatijctal dPomp^auics.
iiaXjes.
At Auction.
E
:
THE CHRONICLE.
730
Capital
:
Clias. S. Smith.
L. THOR.NBLL, Secretary.
Q. HAMPTON. Assistant Secretary
BrinckerhofF, Turner
&
COTTON S AILDUCK
And all Unds
The Union Trust
en AND
813
Co.,
CANVAS, FBLTINQ DUCK, CAB
COVBRING, BAGGING, RAVENS DUCK, SAIL
TWINES, *C., "ONTARIO" BBAHLB83
BAGS, "AWNING BTBIPKa
Authorized Capital
}il,O00,000
Paid-up Capital
600,000
Acts as Executor, Administrator. Assignee, etc.,
and executes trusts of every description known to
the law.
All trust assets kept separate from those of the
Company.
BurKlar-Proof Safes to rent at t5 to »60per annum.
Wills kept in Vaults without charge.
Bonds. Stocks and other valuables taken under
guarantee.
Paintings Statuary, Bronzes, etc., kept In FireProof Vaults,
Money received on deposit at interest.
''^M.^9J%T^J''«''" JOHN G. READING, V.-Pres't
MAIILpN S ST0KK8, Treasurer & Secretary.
D. R. PATTERSON, Trust OfBcer.
w?i'J[K"'R''^',":,'''"P«' I-O"?. Alfred S. Oillett, Joseph
(-'"".rlos P. Turner. William S. Price.
I I?*^''.P''oi!„Lo'""w®'^y,' •',•'*'="<' '^''>"°"«K- ''""oiiJohn
?^.''T''i;'*'.^^ "J:
•tJ?,;!?' «..""?'"•
Pn
n?
"
"• »«><» Agnew. k. D.,
Patterson, Theodor C. Engel
''"<'•'»•
,'.5?'""''
«-,"ood. l^dward L. I'erkrns
^""H""' Kiddie, Gi.EN- Hidple, Pa
""''*• HAmuSBlTBG, Pa.; J. Simpson
,.?:?;"';;!;•. ."'J'"-
"
<-'^,il^;.';i
VfUi„ ""S^
'?,'
Henry S.
Mm'^n^'i'-'iT'.''''''^"'''
gamundS. Doty. Miffi.lntown; Kckert, KKADl.VGi
W. H H Davis
^
Also, Agents
DNITED STATES BUNTING
h. full
sapply, all
Monaghan wksT
cSS-w^^iJ^-Allentown.
Cbas. W. Cooper,
ChSek!
Widths and
CO.
Colors, always In itook
No. 109 Dnane Street.
CHESTNUT STREET,
PHILADELPHIA.
of
COTTON
HENRY
LOUIS
Co.,
Mannfaotarers and Dsalsn In
Bliss,
Fabyan &
Co.,
New
Tork, Boston, Philadelphia,
SBLLING AGENTS FOR LEADING BRANDS
BROHTN & BliEACHED SHIRTINGS
AND SHKETINOS,
PRINTS, DENIMS, TICKS, DUCKS,
ftO.
Towels, <lnllt8,\riilte Goods & Hosiery
Drillt, Shtetingt, dt.,
for Export IVtule.
ESTABLISHED
18S6.
Eugrene R. Cole,
STATIONER AND PRINTER.
Supplies Banks, Bankers, Stock Brokers and Corpo.
rations with complete outfits of Account Books and
Stationery.
New concerns organising will have their orders
promptly executed.
tW
No. 1 MriL,L.IAra
STREET,
(HANOVER SQUARE.)
@FedFRASER