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MERCHANTS’

HUNT’S

9*

MAGAZINE,

§^wjsjGipn,

bepeesenting .tiie industrial and commercial interests op the united states.
[Entered according to act of Congress, in tlic year 1834, by Wm.B. Daxa & Co., in tlio ollice of tbo Librarian of Congress, Washington, D. C.[

NO. 1,017.

SATURDAY, DECEMBER 20, 1884.

VOL. 39.

Cotton

CONTENT8.

Exchange, the»dealings in futures reaching 1,000,900

1883.

bales, and representing an increase of 74*7 per cent over

THE CHRONICLE.

Outside of New York the

exchanges reach $264,032,136, against
English News
098
$294,425,366
a
year
ago,
or
a falling off of 10*3 per cent; on
6s4 Commercial and Miscellaneous
699
News
loss
12*5 per cent. The cities which
December
6
the
was
69 i
697
exhibit clearings in excess of the previous year are Boston,
THE BANKERS’ GAZETTE.
Money Market, Foreign Exj Quota ionsof Stocks and Bonds 702 Providence, New Orleans, Kansas City and Memphis. Below
change, U.S.Securities, State
| New York Local Securities— 703

Clearing-House Returns
The Financial Situation
What Bars Business Recovery
Progress in Uniou Pacific
The New Viceroy of India

and Railroad Bonds
Sto.-ks
Range in Prices at the
Stock Exchange

Monetary

091
692

and

i

Commercial

Railroad Earnings and Bank
Returns
Investment and Railroad

700

N. Y.

and

our

usual statement.

In¬

Week Ending

705

telligence

701

is

704

THE COMMERCIAL TIMES.

Cotton

I

716

Imports Receipts and E xports 7x7

dxrmthclc.
%\u Financial
Commercial
Chronicle is
and

|

715

709 | Breadstuff's
709 j Dry Goods

Commercial Epitome

Thi

•

published in

Now York

(Stocks....shares.)
(Cotton
bales.)
(Grain., .bushels)
(Petroleum..bbls.)
Boston

TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
For One Year (including postage)
$10 20
For Six Months
do
6 10
Annual subscription in London (including postage)
£2 7s.
Sixmos.
do
do
do
£1 8s.
These prices include the Investors’ Supplement, issued once in two
months, and furnished without extra charge to subscribers of the

New llaven

Subscriptions will be continued until definitely ordered to be

stopped.
by

The publishers cannot he responsible for remittances unless made
Drafts or Post-Office Money Orders.
A neat file cover is furnished at 50 cents; postage on the same is
cents. Volumes bound for subscribers at $1 00.

18

Offices in England.
The office of the Commercial and Financial
is with Messrs. Edwards & Smith, 1 Drapers’

Chronicle in London
Gardens, E. C.. where
tabscriptions and advertisements will be taken at the regular rates,
and single copies of the paper supplied at Is. each.
The office of the Chronicle in Liverpool is at B 15, Exchange
Buildings.
WILLIAM B

.

)

WILLIAM II. DANA Sc Co., Publishers,
79 & gl william Street, NEW YORK,

>

Post Office Box 958.

DANA, f

JOHN G. FLOYD
A>YD*

(1,SOI,401)
(1,000.900)

(35,809,717)
(50,009,000)

$71,920,013

Providence

4,509,200

Hartford

1,339,874
1.103,302
793,512
002,481
095,643

Portland

Worcester

Springfleld
Lowell
Total N. England

Philadelphia.
Pittsburg
Baltimore

Total Middle....

Chicago
Cincinnati

$753,405,825

Ending Dec. 6.

1684.

Per Cent.
-25-8

PerCent

$586,370,118

-20-7

-11-3

$74,428,502
4,479,300
1,699,505
1,202,018
884,291
747,880

—17-4

743,770

—23*0

-332

458,910

-12*2

+ 00 3

$84,644,842

—4*2
—20-9
-20-6

-8-0
-29
-24-0

r-3*i
-11*9
-2-6
-11*3
-141

-18*0

$42,414,009
7.077,580

$53,802,017

21*2
—300

11,557,059

10,202,811
13,932,902

-17-0

$52,146,792
7,802+52
12,001,490

$01,049,248

$77,933,890

-21 7

$72,551,140

-21*6

$49,300,417
9,381,150

-10*3

701,274

$54,292,701
10,071,850
4,309,012
3,020,190
1,937,012
2,207,497
1,557,<07
1,009,514

$70,719,991

$79,125,479

$15,574,451
592,031

$18,317,590

2,475,339
1,497,092

Cleveland

2,171,451
1,308,851

St. Joseph

+1 4
4-3-4

$81,278,159!

Indianapolis

St. T.miis

$71,183,353
4,359,000
1,406,634
1,130,737
1,043,700
740,010
842,610.

.

(-3P5)

$81,497,300

Detroit

I’eoria

(73,044,000)

(1,722,300) (—17 6)
(740,000) (+118*0)
(33,960,000)
(+4*3)
(05,657,000) (-12*5)

099,443

3,817,817

Columbus

(2,240,382;! (-19*0)
(573,000) (+74-7)
(59,845,000) (-39-0)

407,275

Milwaukee

Total Western...

CLEARING HOUSE RETURNS.

$558,904,373

1883.

Saks of—

New York every Saturday morning.
(Entered at the Post Office, New York, N. Y., as second-class mail matter. I

Chronicle.

1S84.

Week

December 13.

717,407

-27*3

-9-2

$54,019,998

—121

10,421,100

-11*5

—12(5

4,763,025

—15-2

-184)

2,754,231

-13*7

-22 7

1,794,204

-22*3

-42

+27*8

-30-5

2,504,751
1,523,856
835,155

100

$78,096,083

-14-5

—150

$16,210,' 93
740,028

—19*9

-11-4

—

—

171

+5*4
-18*8

-10*

exchanges for the week ended with Saturday last make New Orleans
-12*
14,107,1 si**
+3-0
13,244,819
14,533,183
-13-9
-31
a more satisfactory exhibit than those for the preceding six
4,814.504
Louisville
5,339,053
4,140,181
Kansas City
3,901,514
2,920,250
+40*8
4,508,072
4-35*7
days, for while in the aggregate the loss is but 1*1 per cent Memphis
2,310,160
1,787,208 4-220
+12*5
2,190.233
less than that then recorded, many of the important cities
-9*0
-3-9
Total Southern..
$42,004,085
$41,001,223
$42,360,331
show a gratifying improvement. The resumption of opera,
+1*9
San Francisco
$13,419,253 —27 2
$12,284,885
$9,764,314
tions by cotton mills has made further progress, and it is
-22*5
-2P4
Total all
$8:6,908,299
$823,020,509 $1,047,891,191
reported that many of the factories in the South find no lack
of business and that some are working under a press of orders,
We have received by telegraph the returns from a few of the
notably those in Augusta, Georgia, and its environs. Taken important cities for the five days ended with this (Friday)
by sections New England leads in the present statement, evening, and, including New York, they do not make so favor¬
recording an actual increase over the exchanges in 1883 of able an exhibit as on Dec. 12. This is due, however, to the
*3 per cent, against a decrease on December 6 of 4*2 per cent. greater falling off in this city, for with that excluded, the loss
The South also shows a more favorable condition than last as compared with 1883 is seen to be 8*3 per cent against 9*3
week, gaining 5*7 per cent, the decline from a year ago now per cent last Friday and 13*5 per cent Dec. 5. . Philadelphia,
reaching only 3*9 per cent. The Western section gains 3*9 per Baltimore and St. Louis show gains over previous weeks, but
cent, and the Middle loses 0*1 per cent. For the 'whole country Boston, although still recording clearings in excess of last
the decrease from last year’s figures is 21‘4 per cent.
year, falls off 1*4 per cent.
At New York the total loss is 25*8 per cent compared with
Five Days Ending Dec. 19.
\Flve D'ys End g Dec. 12
the [corresponding week of last year, the percentage of
1884.
1883.
Per Cetit.
Per Cent
1884.
decrease after deducting double the value of stocks sold during
-28*8
$450,020,011
$470,333,206 $080,960,077 -30*0
the week in both years ($136,195,482 and $168,012,000), being New York
Sales of Stock (shs.)
(1,923,110) (-13-9)
(1,054,169)
(1,588,821) (-23*7)
31*3 per cent. The amounts which remain to represent other Boston
+ 1*7
$57,811,895
$61,398,339
+<K>*3
$57,975,710
-17-4
New York clearings—that is, clearings arising out of transac¬ Philadelphia
-20*1
42,028,890
51,009,840
35,799,958
-7*8
-16*3
9,818,001
10,075,081
10,931,739
tions other than stocks—are respectively $286,603,409 and $417,- Baltimore
-15*4
St. Louis
13,210,150
12,081,217
13,476,088 -10-4
^41,825; last week the corresponding figures were $349,386,418
-20 5
-254.
Total
$0-9.094,110
$814,790,245
$570,847,065
aad $455,698,831. Speculation has been very active on the
The




i

THE

692

CHRONICLE,

The

leading industrial occurrences of the past week
opening of the World’s Fair at New Orleans,
the publication of the Nicaragua canal treaty, and a pretty
general shake-up of stock values in Wall street. The lat¬

have been the

has been attended with

ter event

numerous rumors

adverse

leading properties, none of which have as yet proved
only tangible fact being that a leading speculator
jn Delaware x Lackawanna, prominent during past months
in sustaining that stock, has loosened his grip and cleverly
marketed a good part of his holdings.
As a consequence
not only did Lackawanna decline materially, but with the
assistance of speculative sales of other properties and the
to

true, the

adverse
more

rumors

or

less

referred

to, the

whole market became

demoralized, forcing

many

other stocks to

share in the decline.
In the meantime

factor event has

developed, adverse
kind. (>n the contrary the
outlook to-day is everyway favorable; and were it not for
the silver question and the uncertainty that issue imparts,
interests

to business

be

there can

no

no

of any

doubt

that next

year

would witness a

rapid revival of all our industries. ( >f' course seme will
point to the many failures, low wages, lack of work, and
-Dow prices for wheat, kc., as very discouraging and even
hopeless circumstances. Fo far as enforced idleness is
concerned, it is a hard experience for those suffering it,
and calls loudly for the sympathy of all, as well as aid from
those better situated; yet in an industrial way, it is but a
temporary expedient, attendant upon every time of depres¬
sion and quickly cured on a change for the better in the
demand for goods.
Never before in our history was there
such a suspension of labor, and never were failures so nu¬
with liabilities so large as in 1878, and yet
merous
there never was a business revival so rapid and so won.
derful as that which began with 1879.
As to low-priced
wheat, that harms the farmer to an extent, but he is ben
efited by the low wages and cheaper goods that the loss in
wages permits ; while the multitude who have food to buy
find the purchasing power of their incomes increased by
this very decline which the farmer suffers from.
These
familiar

would not refer to them were
it not that the circumstances mentioned are being so
widely and loudly proclaimed as insuperable hindrances
to recovery.
They are nothing of the kind, being, with
one
exception, merely incident to every period of business
are

truths, and

we

■depression.
In the line of favorable circumstan ces, it should not be for¬

gotten—and especially by those who base so much that is
discouraging on the low price of wheat—that during late
weeks cotton has been netting somewhat higher values than
a
year ago, and as we sell to foreign countries about two
thirds of that crop, the higher price has a certain import¬
ance

in this discussion.

Then another circumstance not to

be overlooked is the

improvement which is taking place in
railroad earnings.
During the two weeks of December, so
far as reported, they show better than anticipated.
Jt is
of

course

to be

remembered that December

month last year, so that we are
smaller figures.
But even when

was

not a

full

comparing now with
that fact is given its
proper weight, the latest statements show well.
Besides,
there continues to be a fair business doing in almost all
branches of trade, a decided improvement on the conditions
of six weeks ago. Many br. nclies of manufacture report im.
provement and ilie feeling everywhere is a decidedly more
hopeful one. Furthermore, the World's Fair in New
Orleans ought to give at least a temporary impulse to in¬
dustries, especially in the South. With all these signs of
promise, with capital abundant, and knowing that there is




natural tendency in the direction of a full
recovery from commercial depression, it seems but reason¬
able to expect a speedy revival of business unless our cur.
rency arrangements prevent it.
As already stated, the course of the stock market has
been decidedly downwards, though more or less of strength
was
developed on Thursday, and yesterday some recovery in
prices took place. The selling movement in Lacka-.
wanna and
the other coal shares was accompanied by
that the arrangements for a combination of the
rumors
coal operators next year, on the allotment plan, were not
satisfactory to some of the New York companies. These
reports were followed by a statement that in bidding for
supplies for the Elevated railroads the Lehigh Valiev had
offered coal far below tho_ schedule price.
This was
promptly denied by the officers of that company. Then
came a rumor
that an attempt would be made by the
bituminous operators to combine for the purpose of forcing
their product into the anthracite markets ; and also that
iron manufacturers were demanding that the price of
anthracite be reduced so that they might compete with
Southern and Western foundries. But on Thursday it was
announced that the Beading had notified the New York
companies of its readiness to agree to the allotment plan,
on the basis of 80 million tons, and at a
meeting yesterday
of representatives of the different companies progress
towards an arrangement of that kind was reported.
With regard to the stocks of the Granger roads they
were unfavorably
influenced by reports that the farmers
in the West were generally uniting in efforts to induce the
railroad comnvssioners or the legislatures of their States
to force a reduction or an equalization of the tariff on
grain. One of the Chicago -papers^ devoted much space
early in the week to reports from various sections reciting
the complaints of farmers, and editorially demanded that
concessions be made by the railroads.
These publications
doubtless influenced Western holders of the Granger
stocks to some extent and induced them to sell, while others
deterred from purchasing the
were for the same reason
properties. Western Union was affected by the formation
by the telegraph operators of a brotherhood for the pur¬
pose of resisting regulations adopted for the government
of the force, more particularly with reference to extra work,
and that stock sympathized with the movement in other
stocks.
The Eastern passenger rate war has ceased to have
any direct influence upon the Vanderbilt stocks,but an attack
was made upon Lake Shore, accompanied by the report
that the dividend had been passed, whereas the directors
have not yet met to act upon this question, though the
belief is quite general that it will not be paid.
Thursday
always

THE FINANCIAL SITUATION.

[VOL. XXXIX.

a strong

afternoon
more

the

changed in character, becoming
Among other tilings, it was reported

rumors

favorable.

would, on the 20th, declare
quarterly dividend of 2 per cent, which the

that the Lackawanna directors

the

usual

the company claim has been fully earned;
that the Illinois Central will early in January declare a
officials of

per cent semi-annual dividend ; that the Bock Island
loan is likely to be entirely successful, and that the
4

Oregon Trans-Continental extension of its loan will ho
completed in a few days—all of which influenced the
market for good yesterday, and had the effect of estab¬
lishing materially higher prices on some properties.
JS'cld

York Luke Erie d:

Yes fern securities have

been

quite firm, not being influenced materially by the depres¬
prevailed in the general market. There
was a
report that the company would soon become a coal
producer as well as a coal carrier, its coal lands to be used
to tins end, and great prominence is also being given to

sion which lias

the

large reductions of salarios and general measures

of

December

THE CHRONICLE

20, 1884.]

that the new management is carrying out. It is
claimed that as a result of the reduction of expenses, an
increased amount of net income can confidently be counted
on.
We presume that this is intended to refer to the
showing for coming months, rather than to the exhibit for
the months recently passed, for the company has this week
issued its statement of gross and net earnings for
October—the first month of the current fiscal year—
which does not make a favorable comparison with the
figures of a year ago.
There is a loss in gross earn,
ings in the large sum of $4 72,000 and in net in the
sum of $208,000.
In addition, there is a decrease of
$7,000 in the profit derived from operating the Pennsyl¬
vania & Ohio leased line—October being a favorable
period on this line and therefore showing a profit to the
Erie rather than a loss as in many other months of the
year—and this makes the total falling oil' in net income
$215,520. As a partial explanation of this large decrease,
it may be said that we are comparing with an exception¬
ally good October in the previous year, and that if we
compared with either 1S82 or 1S81 the showing would be
much more satisfactory.
To illustrate this point, we have
brought together the October figures for live years.
The comparison of earnings relates to the Erie proper, but
the result on the leased road is appended in a line at the end
economy

N.Y. L. Kkie&.West.

1884.

October.

1883.

$

Gross earnings

1882.

1.511,108

*
1.983,407

932,49 7

1,190,314

578,001

787,123
00,240

043,329

4!», 181
027. Mg

843.308

043,329

Operating expenses...
Net earnings
ProHt N.Y. 1*. & O. lease
Result

1881.

§

1,819,010
1,175,081

1880.

is

1.814.8001

$
1,899,910

1,189,187

1,013,400

025,079

880.000

020,079'

HrO.OOO

:

Thus (October last year

returned almost as favorable a
October, 1880, which was one of the very best

showing

as
months the railroads

ever

and taken at-ftill rates.

being large then,
Compared with either 1882 or
earnings this year is only about

exceptionally bad period for railroad
country—preceding, as it did, the Presi¬
election—and that it was a particularly bad
period

traffic all

dential

was

over

an

the

lor the trunk lines,

.owing to the demoralization of rates
and the intense competition for business, the Erie
may be
said to have done quite well.
Central Pacific has attracted some attention the last few
days by reason of its position in the trans-continental
pool. It appears that the managers of the Western lines
had perfected a schedule of rates on California business
from Eastern points, and expected to have no
difficulty in
getting the Eastern Trunk lines to confirm it. Put on

submitting the schedule they found that the trunk lines
had

an

old

score

to

'settle with

the

Central

Pacific and

would

not agree to the action of the
Western roads unless
the Central Pacific consented to
pool the business from

hew York, both rail and water, and
accept a certain fixed
percentage of the same, to be determined by arbitra¬
tion.
'Idle difficulty is that the Central Pacific has
been taking a

large proportion of this business, via
Xew Orleans and Galveston,
using steamer lines between
hew York and those points and its own rail route for
the remainder of the
distance; and the trunk lines claim
that the company has made such reductions in rates that
shippers in the interior of New York and Pennsylvania
have foum l it to their
advantage to ship their

goods to

hew York by rail and
thence over the Central Pacific
Wer-and-rail route to San Francisco, rather than directly
west over the

Eastern trunk lines.
The Central Pacific
Would not consent to the
proposition of the trunk roads,




In an interview early in
agreement was reached.
week, Mr. Huntington stated that there was no like¬
lihood of any war, that the
difficulty was simply a little
friction between the roads, and this was confirmed
appar¬
ently on Thursday, when a temporary arrangement was
effected by which the life of the trans-continental
pool,
which would have expired
January 1, was extended to
January 31, it being understood that the new rates were
to be adopted with the
beginning of the year, and the
Central Pacific to try to bring about an
adjustment of its
dispute with the trunk lines in the interval before the
next meeting—January 12.
Though the Central Pacific is taking away a good deal
of through business from the trunk
systems, the road is nev¬
ertheless still losing heavily in income as
compared with
other recent years.
The company yesterday issued its
exhibit for the month of October, and both in
gross and
net it is about the worst of the
year, there being only one
so no

the

other month when the

decrease

was

heavier.

()f course,

in addition to

general business depression, sharp competi¬
through business produced by the opening of new
lines, and the low prices for wheat—in California, the same
as in the East—influences that have all
along been at work,
there was in ()ctober the special cause of election excite¬
ment, which retarded business very materially, as is known.
Put it is not so difficult to understand
earnings as it is
expenses.
These latter, notwithstanding a heavy decrease
in earnings, actually show an increase, and the
consequence
is that the loss in net is even greater than in
This
gross.
is shown in the following comparison for four
years—in
(>ctobcr, and the ten months ended with ()ctober.
tion for

.

CKXTKA

had—the traffic

1881, the decrease in gross
$300,000, and such has been the diminution in expenses
that the loss in net is no more than $05,000 on 1S82, and
only $4 7,000 on 1881.
AYhen we consider that the pres¬
ent October

’

693

1.

'

ltfS-l.

1W< I l'T<\

October.

S

Gross earnings

Net earnings

nsi,

1

8

;

2,080,037

2.190.091

1,371.070

|

713,902

377'

1,139.711
1

Jav. 1 to Oct.'S 1.
Gross earnings

ls,000,133

20,771,323

Operating expenses

13.190.000

12.9S7.0O2

Net earnings

Here

Pi

have

loss

0,109.177

7

i

i

lssi.

8

!1

8

2,124.029

2,0)O7.s,07

]

(°n 333

1,315.895

99s, I*Ml

1,191,002

.21.On: 1,100

19,579.9.01

13.4n*.| 12

11,220,940
8,300.005

of

$420,000 iii net as compared
with October, 1883, of $285,000 as compared with
18S2,
and of

we

$-178,000

a

compared with 1881. In all these
years expenses have varied but little, it will be seen, while
gross earnings have very considerably declined.
Of
course, a reduction in expenses equal to the falling off
in earnings was not expected, since rates are
lower,
and that naturally increases the ratio of expenses: but
it
was
thought that some decrease instead of an
increase would be shown.
We have inquired for the
reason for this, and are told that the
large expenses are
in part due to the alteration of
sleeping cars and to
repairs, and also to a rectification of accounts running
through previous months. As regards the increase in
expenses shown in the figures for the ten months, our
-readers understand that the Hoods at two separate times
early in the year are in great degree responsible for that.
Foreign exchange has been irregular this week, and
changes in the rate have been frequent. Hankers report
some offers of short
sterling from parties who have held
it for investment, and at the same time a fair demand
for long bills from bankers who are seeking it for that
purpose.
The mercantile inquiry is insignificant, and the
supply of new commercial bills is light, being affected by
smaller exports of cotton.
Some bills are made against
exports of refined sugar to Europe, the drawback upon
this article enabling shippers to make a fair profit even
at the low prices now ruling.
Bankers differ in their
views respecting the amount of sterling which has been
absorbed for investment, some claiming that it is large
as

THE CHRONICLE,

694

inquiry still continues, while others assert market, giving it a firmer tone, although transactions

that the

and

[vol. xxxix.
at

greatly exaggerated and that the board have been limited.
The Bank of England gained £127,000 bullion
the demand at present comes from bankers who are likely
during
the
week.
This
to sell at a slight advance.
represents
£1.30,000
received
from
abroad
If the amount absorbed is
large, its sale at maturity will have an important influence and £23,000 sent to the interior. /The Bank of France
lost 5,750,000 francs gold, and gained 2,075,000 francs
upon the market, andThe expectation that this will be the
case doubtless
induces speculative sales by bankers who -silver, and the Bank of Germany, since our last report,
the amount has been

convinced that their

judgment is correct.
This will in part account for the pressure of short bills
It is quite possible that the demand
noticed this week.
for long sterling, which was apparently quite urgent about
sixty days ago and was then supposed to come in great meas¬
ure from banks and domestic bankers, came
largely if not
chiefly from foreign bankers having the capital for large
dealings, they buying merely for a turn in the market.
Unless investments in sterling of more or less permanency
are

have been made it is

a

little difficult to

account

for the

has lost

The following indicates
in the principal European banks
corresponding date last year.

1,300,000 marks specie.

the amount of bullion
this week and at

the

December

j

18, 1884.

Gold.

Silver.

£

£

||

December 20, 1883.

Gold.

Silver.

£

£

1

that

Bank of

20,938,520
22,09S;i4l
40,703,940 42,311,150; 38,508,130 40,157,594

England

Bank of France
Bank of

Germany

....

Total this week
Total

previous week

....

6,945,875 20,337,025:

7,204,250 21,612,750

68,588,335:63,118.77o!

67,810,524 61,770,344
67,935,515 62,177,677

68,709,337163,117,5291

absorption of bills which must have resulted from' the
The Assay Office paid $201,052 for domestic bullion and
large trade balance, to which reference was made last week.
It is possible, however, that the high rates for money in $125,953 for foregn bullion during the week, and the SubLondon have caused some bankers to transfer their Treasury received the following from the Custom House.
cash balances to the other side, and in pursuing this
Consisting of—
Duties.
Date.
course they may have been actuated by the fear that our
u. s.
Gold
Silver Cer¬
Gold.
Notes.
tificates.
Certifies.
There
currency might suddenly change to a silver basis.
is no evidence in the market, so far as can be discovered, Dec. 12.
$36,000 $10,000
$77,000
$1,000
$127,069 45
13.
45,000
43,000
6,000
84,000
177,928
92
that such transfers have been made to any extent, but it is
15.
169,000
116,000
3,000
207,000
496,277 48
a well-known fact that foreign bankers have within the
33 4,806 11
16.
121,000
14,000
84,000
116,000
47,000
17.
218,465 49
88,000
75,000
8,000
past few weeks expressed considerable anxiety respecting
18.
27,000
118,000
239,744 03
86,000
8,000
the immediate future of our currency, and answers to their
Total
$682,000
$540,000 $327,000
$43,000
$1,594/291 48
inquiries regarding the probable action of Congress have
not been reassuring.
WHAT BARS BUSINESS RECOVERY.
While bankers’ balances remain nominally at 1 to H
AYithout stopping to analyze the origin of the present
per cent, there continues to be a good demand for time
loans on stock collateral. The interior movement of money depression in business, it is sufficiently apparent to any
is not large, and the ■ inquiry from the Western centres observer that we long since passed beyond first conditions
is chiefly for pork packing. The following statement, made to others which are now interfering with a free recovery.
Thishas happened in our history before. Thus in 1878, we
up from returns collected by us, exhibits the week’s re¬
“

“

“

“

“

ceipts and shipments of gold and

currency

by the New

had outlived and recovered

from the immediate

causes

of

panic of 1873, and every condition was ripe for the
movement which began with IS79, but the fear of an
unstable currency remained, preventing all enterprise—a
fear which only the realization of specie payments removed
or
could remove.
Hence, as soon as a gold basis was
secured and the doubt gone, our industries, as if bewitched,
suddenly shot off into the extreme of activity.
That experience is suggestive now.
A season of bad
crops, coupled with a recoil from excessive railroad build¬
ing, started us on the present downward grade three years
ago.
Let any man who is interested to know the truth
recall the situation then. Was it a time when overtrading
the

York banks.

new
Week Ending Dec. 19,

1884.

Received by

Shipped by

N.T. Banks.

N.T. Banks.

$1,17*3,000

Currency
Gold
Total gold and

legal tenders

Il.lTD.OOO

Net Interior
Movement.

*449.000

Gain..

*1.085,000

Loss.,

42,134,000

Loss..|l,25S,0C0

$727,000
1,935,000

*$1,985,000 of this was transferred in tlieshape of silver certificates

hy

a

deposit of gold in the Sub-Treasury.

The above shows the actual

of

gold and

the interior.

currency

changes in the bank holdings
caused by this movement to and from

In addition to that movement, the banks have

gained $1,000,000 through the operations of the Sub-Treas¬
ury.
Adding this to the above, we have the following

Did insolvency exist in
No, wo answer
any department of mercantile business ?
—most
Clearing House banks of gold and currency for the
positively no. Indebtedness of individuals and of
week covered by the bank statement to be issued to¬ municipal, financial and industrial corporations, with very
few exceptions but railroads, had been constantly decreas¬
day.
ing during previous years. I n brief, the situation, save in
Into Banks. Out of Banks Net Change in
Week Ending Dec. 19, 1884.
the one particular mentioned, was the opposite of that in
Bank Holdings.
Banks’ Interior Movement, above..
Loss. $1,258,000
$1,170,000
42,434,000
1873, when not only individuals, firms and private corpo¬
Gain. 1,000,000
Bub-Treasury operations
1.000,000
rations were loaded with debt, but nearly every town, city
Total gold and legal tenders
Loss.
$2,176,000 | 42,434,000
1258,000
and county in the land had also put out bonds to the
The action by the House of Representatives in setting extreme limit of its credit.
A fair illustration of the rela¬
apart a day after the holiday recess for the consideration tive condition of individual indebtedness at the periods
of the McPherson and the Dingley bills—the former of named, may be obtained from the simple fact of mortgages
which enables banks to take out circulation to the par held by our New York State Life Insurance Companies,
which

should indicate the

total loss to

was

apparent among merchants ?

the New York

security, and the latter the total on the 31st of December, 1875. being 122d mil'
authorizes the Secretary of the Treasury to invest in lion dollars, on the 31st of December, 187S (the day be¬
United States bonds the fund held for the redemption of fore
specie payments were adopted), being 102J million
notes of banks failed, in liquidation or retiring circula¬ dollars, and on the 31st of December, 1881, only
tion—has had some influence Jon the Government bond
on dollars.
The same thought is further enforced by
value of




the

bonds

held

as

December

tli6

following, which includes nil insurance companies and

savings

December 31—

Mortgages

HELD BY—

1881.

JJU Insurance.

s

York companies

Others

1873.

1875.

1873.

§

*

*

91,673,440

102,775,592

122,602,374

111,635,095

08,314,273

SO.352,211

97,043.370

78,154,704

20,705,070

20,777,798

32,700,402

29,955,187

91,401 «ll

93,392,011

122,147,084

110,753.559

374,643,890

330.498,545

doing business in

New York
Fire Insurance.

N. Y. companies

and others

doing business

in N. Y —

Savings Hanks.
New York

State

:

Total

•

272,185,030

309,297,042

speak for themselves. And yet to real¬
ize their full significance, one must remember the business
activity which prevailed from 1878 to the close of 1SS1,
the very small returns all good securities yielded, the diffi¬
culty insurance companies and savings banks had in mak¬
ing investments, and the eagerness with which real estate
These totals

mortgages were sought after by them. Remembering
that, one has no trouble in understanding the drift or

statement which shows, although individual
mortgages fell off from 1875 to 1878 nearly 65A- million dol¬
lars, that they fell off another 37 million dollars between

meaning of

Of

a

695

led into exaggerating the baleful
railroad building by taking the
present situation in Wall Street as the measure of its
results.
It is so easy to apply cause and effect to any two
events following one another, that such a solution is readily
and widely accepted.
But it is by no means a fact. Our
loss in railroad earnings is due chiefly to the depression in
-our industries, and not to
parallel roads. On the latter
point take as illustration the annual figures of New York
Central we published last week, showing more passengers
carried than during the previous year, and but little less way
freight, notwithstanding the competition of West ShoreExperience seems to prove that a road can bo built scarcely
anywhere in the United States, that does not develop
new business; and, besides, we are a growing country, and
in three years should grow up to a very material increase
of mileage.- The explanation of affairs is then that there
lias been developing since January, 1882, an increasing
lack of enterprise ; capital has steadily, and, if we may
be permitted the expression, ruthlessly been withdrawing
itself from every productive pursuit, contracting pcirijmssu
the capacity to consume goods; and thus our industries,
caught between this upper and nether millstone, have
course

influence

banks doing business in this State.

real Estate

^ew

THE CHRONICLE.

20, 1884. J

many are

of

excessive

been crushed.
That and

comparatively little else is what railroad earn¬
general
ings and railroad values reflect. A large tonnage is moving
truth thus illustrated is broadly and distinctly stated in
even now, but a carrying system guaged up to 10 per cent
our annual review for the year 1S81 (see Chronicle, Janu¬
more
business becomes demoralized if that fraction is
ary 7, 1882, page 8), where we remark that “Among banks withdrawn.
“ When the crib is low the animals kick”—
and dealers in commercial paper the comments have been
hence with loss of tonnage, cutting (a logical result) has been
"(through the year) most favorable upon the moderate a prominent feature of the times. But even with all that
"supply of notes offering, and both merchants and manu¬ the situation is not nearly as bad as it is represented.
facturers are believed at the close of the year to be in a
Look at the statement of defaults we published in our
"'particularly sound and prosperous condition.”
Supplement two months ago.
The ratio not paying
But we should waste time and space iu accumulating
interest, was found to be only a little over 9 per cent of
evidence of so obvious a fact, as the healthy condition of
the total bonds outstanding, and about a third of that was
general business, and the small indebtedness of the people simply old sores broken out anew. Or, putting it in
and mercantile circles, when this depression first began to
another form, we have built since January, 1879, about
be apparent.
There was, however, one direction in which, 40,000 miles of road, and have in all about 121,000 miles.
as already stated, we
were going too fast.
In railroad Of this 121,000 there is now in default less than 16,000
extension we had been converting floating into fixed cap¬
miles, and a considerable portion of even that is made up
ital with great rapidity, much of it foolishly done, being
of old cases like Erie, which would never have occurred
the mere paralleling of old roads.
Yet, to this circum¬ if on reorganization, the company had not been overloaded
stance as an influence in the present depression, too great
with interest-bearing securities.
importance can be easily attached. We had, to be sure,
been going too fast or too far in that direction, but still
PROGRESS IN UNION PACIFIC.
we have seen, that as individuals, as merchants, we wTere
Union, Pacific appears to be making substantial progress
very little involved, our industrial machinery was in no
towards
a
recovery of its former standing and repute.
way out of gear, and floating capital, if we may judge at
all from the condition of our money market, was still in There was a meeting of the board of directors on Wed¬
abundance. Besides if nothing had disturbed the natural nesday of this week, at which Mr. Adams submitted a full
current, we should have had, when we wanted it, foreign cap¬ and complete report of the company’s operations for the
ital flowing in here, for it always has a natural trend quarter ended September 30, showing quite gratifying
We make copious extracts from the report on
towards this newrer land.
In fact at that period Europe results.
was
holding less of our securities of one kind and another page, and they will repay perusal.
It is hardly necessary to say that since the accession of
another than for a long time previous, due in good part to
our
having reduced materially the interest on our public the new management a complete change in the company’s
debt, and thereby called it home. Under such circum¬ affairs has taken place. Whether the whole of the
stances, had no other influence affecting confidence come improvement is to be credited to this change may be
in to disturb the free movements of
capital, had no fear mooted among those accustomed to drawing fine distinc*
made it timid, would not enterprise, when wisely diverted tions, but is of no moment in any practical consideration
from railroad building, have been simply switched oil into of the road’s condition. The main point is, that the
other more promising and productive fields? A brief rest, improvement is patent and positive.
It may not be
then at it again, has always been the industrial experience of amiss, though, to state that not the least of the benefits
this country after every time of excess, except when currency secured through the present management is the greater
derangements have arrested recovery. How much more disposition shown to furnish information to stock and
reason was there in 1882 for a
speedy renewal of activity, bondholders, of which the present and previous reports
the mercantile situation
remaining sound, and the only are good evidence. We believe we do not err when we
evidence of excess being in the single direction mentioned. say that in this respect the rights of security holders have
the latter date and the close of 1881.

"




The

same

696
never

those

THE

received
in

so

control

as

much
now.

CHRONICLE.

consideration at the hands of
And this will

be

appreciated,

[VOL. XXXIX,

quirement,

so as to cover
of Mr. Adams.

all the points within the estimate

for while it may not

be within the power of a management
prevent a decline in business, it is certainly within their
power—and their province too—to keep the proprietors
fully informed as to the state of business, and thus enable
each according to his own best judgment to decide what
disposition to make of his holdings.
Mr. Adams presents, first of all, an exhibit of the opera¬
tions for the quarter ended September 30,—the first three
months under his management,—which is quite interestingThe earnings and expenses are the same as those furnished
in the monthly statements—that is, they give us the same
result—but the important items of sinking funds, gov•ernment requirement, &c., are of course new.
After
allowing in full for all charges and taxes, there is a sur¬
plus of income on the quarters operations of $1,002,398,
equivalent to 2-6 per cent on the company’s stock of $60,868,500. And this apparently is independent of any in¬
come from sales of Kansas Pacific
lands, which has always
heretofore figured in income accounts.
There is a pur¬
pose in this exclusion of land income, to which we shall
allude further below.
But taking the surplus just as
given—$1,602,398—we find that it compares with
$1,472,84 0 in the corresponding period a year ago, made
up on the same basis, an increase of $129,558.
This in•crease is
particularly gratifying that it occurs notwith¬
standing heavier charges this year and in the face of
•declining gross receipts.
It is therefore wholly economy
in operations that has
brought about the improved result. Gross earnings in
the quarter fell off $532,306, but net
earnings actually
increased $165,139, owing to the large reduction of $697,445 in expenses.
If a similar ratio of reduction can be
effected in future months, the promise of the road would
certainly appear to be very hopeful, even if earnings
should continue to fall off, as in past months,
though the
company has now its Oregon Short Line in full opera¬
tion and should
get considerable
business in that
way.
If it be deemed that the reduction thus

i

3 Months

to

far

is

excessive,

than

compatible with keep¬
ing the road in good condition and full repair, it is to be
said that the present decrease occurs after an even heavier
increase in the previous year, augmented expenses contem¬
poraneously with diminished receipts having been the
•characteristic of that year.
In other words, in the matter
of expenses the road would seem
merely to have been put
back to the basis of 1882.
As to the 2*6 per cent remain¬
ing for the stock, of course an equally favorable showing
in each of the other three quarters is out of the
question,
and President Adams states
clearly and unequivocally that
the third quarter is generally the most favorable of the
or more

seems

Interest

on

bonds

§1,333 2*2
31,945
23,030
133,000

Discount and interest
Losses

securities, premiums, &c
Sinking funds
on

Interest

on

of !83.

bonds of other roads

93

§1,342,146~53

72

71,012 25

43

7,:U0 42

00

133,000 00
310.472 50

204,470 DO
§1,7*8,735 00

Taxes

j 3 Months of ’S4.
!

2S 335 29

-

United States requirement

|

§1,*03,977 70
61,550 51
4*0,331 39

5*19,300 70

Total

*2,300,371 05

1

§2,431,915 60

This shows the actual

charge against net earnings for
$2,431,915, an average of
month, which is extremely close to Mr.

the three months to have been

$810,638
Adams’

per

estimate

of

$793,000,

as

the estimate

covers

many items liable to considerable fluctuation—among
the Government requirement, which is

them

dependent upon
earnings, and then only on the subsidized lines—
and an absolutely correct forecast of the
charges therefore
was not
jiossible.
Though the present statement is only up to the end of
September, we have already had an exhibit of the earnings
and expenses for October, one month later, and with the
above analysis of the charges, we can determine how much
gross

earned for the stock in this additional month.
The net for the month were stated at $1,484,677,
more was

against
$1,474,013 in 1883, the improved showing being, as in
previous months, the result of a very heavy reduction of
expenses.
Allowing for $810,638 charges against the
$1,484,677 net earnings, and we have remaining a surplus
of $674,000, equivalent to over 1
per cent on the stock of
the company.
Hence in the four months to the end of
October, constituting, however, the best period of the year,
the road earned nearly 3f per cent on its stock.
This
allows for nothing as “ income from investments outside
of the system” during October, and land sales are not at
all included.
AVith regard to the income from without the
system, only $47,002 was contributed from this source
during the three months embraced in the report, while in
the twelve months ended last June the amount had been

much

$619,617. ()n the latter basis, the amount for
should have been about $154,000. instead of
actually realized. As, however, in the corres¬
ponding quarter of the previous year the amount also
was small—$70,260—we assume that in
succeeding quar¬
as

as

the quarter
the $47,000

ters the

result will be

favorable.

The company

in
given quarter probably includes only the amount actu¬
ally received in that quarter, and no doubt much more is
received in one period than another.
Next to the company's current income, most interest
attaches to the statements of funded and
floating debt.
The report compares the liabilities on
September 30 with
those on June 30, and notes tlie
changes between the two
year.
periods. The floating debt is given particular attention,
With the figures of interest and other
‘charges for this and an exhibit is presented showing that between those
period before us, we are able to test Mr. Adams’ estimate, dates the gross total of that debt had fallen from S13,made when submitting the statement for the first six 1 10.020 to
$11,240,815 and the net total from $6,900,177
months—in September last—that tin* charges
to
earn¬
against
$5,137,009. Thus there lias been a reduction of about
ings would be about $793,000 per month. It is neces¬ $1,800,000 in the three months, and the report states that
sary to cite Mr. Adams’ own language to show just what the same rate of reduction—$600,000 per month—was
items he meant to include in his estimate.
11 is words are: continued
through October and November. • From the
The fixed charges of the ITiion Pacific system,
including figures of earnings which we have given above for October,
an estimated allowance
for taxes and payments to the
showing a surplus of $674,000 above all charges for the
United States under the provisions of the ‘Thurman
month, it is easy to believe that the reduction in that and
“act,' amount to $793,000 per month.”
Note that both the succeeding month, has been as stated. But as to the
taxes and the Government requirement are included.
In change in the preceding three months it is only fair to say
the three months under review the
company reports that the decrease of $1,800,000 is figured out independ¬
■charges of $1,863,977, against $1,738,735 in the same ently of certain items which perhaps should be taken
period of 1S83, and we give below the items composing into the account. In the first place, interest accrued is
rtliese sums—adding at the end taxes and Government
re- not included in the exhibit, only interest due or unpaid
1•

“

“




any

more

December 20,

697

THE CHRONICLE.

1884.]

British Crown—has been

High Commissioner in Syria, in
being allowed for. As is well known, interest keeps ac¬
circumstances ; lender Secretary of State of India a
critical
cruing from one coupon period to another, when it becomes
due.
If in the various stages of increase^ between the Governor General of Canada; ambassador successively

periods no allowance is made for the itemv the

whole

to

the courts of St.

Petersburg and Constantinople; and in

instance he has conducted himself in such

a manner
demand liability when
as to win the good opinion of his own people and of those
coupon day comes around, and causes extreme fluctuations^
Now he goes to India, where
in the floating debt, which are often misleading and seldom to whom lie was accredited.
understood. The only correct basis of comparison is to he will temporarily occupy a position which for power is
include the full amount of interest, accrued as well as due, equal to, and for splendor surpasses, that of any potentate
in both periods.
Wb do not wish to be understood that in Europe.
It was not our purpose, however, to enlarge upon the
this item of accrued interest does not appear in the com¬
merits or upon the career of the new Governor General,
pany’s balance sheet, for it docs ; our criticism relates to
the statement of floating debt, made to exhibit a decrease of but rather to direct attention to the office in connec
$1,800,000 in the three months, in which that item is wholly tion with the system to which it belongs. It is safe
excluded. To include it,, however, materially changes the enough to say that no such subordinate position has
result.. On the first of July, when the coupons on the 1st ever been in the gift of any monarch or of any State as
•mortgage bonds had just matured, the amount of accrued that which is involved in the Governor-Generalship of
Its history, its wealth, its extent of territory, its
interest was of coursemuch smaller than it is now:—it was India,
altogether on the different classes of bonds $707.7 JO, while population, its probable future in connection with the
on September JO it
was $1,287,010. or $100,180 more. resurrection of Asia—all combine to give impoitance to
Hence in this amount the decrease in the floating debt would the Empire of India.
Over this empire, for the time be¬
be less than stated.
Then the stock of fuel, materials, &c.. ing, the Viceroy is the visible and responsible head—the
lias diminished from $2. 182,2 l t to $2.071,108, or $ 107.- unquestioned chief.
But this, though the greatest, is not
the
77G.
We do not consider materials in any sense an offset
only gift of the kind under the British Grown. The
to floating debt, as a stock of the same is essential to the Governor-Generalship of Canada is a position! of similar
Then there are nu¬
operation of a road, and we are glad the company does though not of equal dignity.
merous
minor
not treat them as such.
positions of a pro-consular character
Nevertheless, when this stock is
in
almost
all
drawn down, allowance must be made for the change.
parts of
the world—in the West

amount

looms

up

suddenly

An evidence of the

izes the

new

as

everv

a

conservative spirit

management

subject of Kansas Pacific

is

seen

land

in its

sales.

that character¬

Indies,

the

distant

treatment, of

Those sales have

in

South

Africa

and

in

Australasia.

At

no

day, if we are to follow the teaching of facts, con¬
federation will have converted the divided colonics in those

the company's income Southeastern regions into an empire which, if it should
account, and been treated as a proper offset to interest on still be second to India, will contest the palm with the
It is not easy to over-estimate the
the bonds secured by the lands. In this way, too, the com¬ Dominion of Canada,
pany's current profits were swelled. The modus operand advantages which such a state of things maintains for the
use and service of the British people.
was for the trustees of the consolidated Kansas Pacific bonds
These pro-consular
to pav over to the company the proceeds of the land sales,
positions are felt to he a gain not mainly because they
and the company would then apply the money to interest provide suitable employment for many, but because they
as it matured.
It appears that such use of the proceeds are schools of experience in the art of governing, and
was
permitted by the terms of the mortgage, but the wis¬ prizes which tempt, because they are worthy rewards of,
dom and.expediency of the policy have seemed at least faithful services and honorable ambition.
Such an exceptional state of things recalls the period in
questionable. At first, the amount received from this
the history of the world when Home had her provinces;
source was small and did not attract much attention, but lat¬
terly the land sales have been very heavy, and in the twelve and it was one of the ambitions of her great generals and
months ended last June the Union Pacific received no less of her great statesmen to be sent as Proconsul to Gaul or
than $701.700 from the trustees of the Kansas Pacific mort¬ Spain or Sicily, or to some of the rich provinces of the
In later times Spain had her viceregal positions here
gage. We referred above to the fact that Air. Adams seems East.
to have omitted the item altogether in the statement of in America, which were showy and lucrative enough.
the quarter's income, and designedly no doubt,
lie now But since the days of Marius and Sulla, of Fompey and
recommends that the proceeds of these land sales be here¬ faesar. there have been no such positions as those which
after reserved exclusively for the formation of a sinking are now in the gift of the British Crown.
It is not much
fuid with which to retire the bonds at maturity, and sug¬ to be wondered if this particular pre-eminence on' the
gests that a binding agreement to that effect be made; for part of Great Britain should have the effect of begetting
that purpose he has. caused to be prepared a draft of a feelings of emulation on the part of her European neigh¬
contract of that kind and submits it to the board of bors—-especially on the part of France and Germany
directors for action. We should think such a step not only They have no such means of rewarding merit as Great
"We are not forgetful of Algeria and of
very i roper in itself, but calculated to‘ inspire increased Britain has.
Cochin-China; but what are these, when compared with
confidence in the company's integrity and good faith.
India or Canada, or even with the AusJ^alian colonies?
And Germany has neither an Algeria nor a Cochin-Ghitta.
THE NEW VICEROY OF IFElA.
Lord Dufferin, now on his way to take charge of It is not at all impossible that this feeling may have much
what has often, in a political sense, been called the bright¬ to do with the present prevailing sentiment in both France
est jewel in the British Crown, has run. so far, a career of and Germany in favor of colonial expansion. •
exceptional brilliancy—such a career as directs attention
—Attention is called to the notice of Mr. John B. Manning,
to the man himself, and also to the political institutions of
offering to purchase Tennessee settlement coupons, payable
the people among whom such a career is possible.
Of the Jan. 1 in Nashville.
—The Ontario Silver Mining Co. of Utah announces its
ability and personal worth of the man there can be no two
regular monthly dividend lor November of $7o,0U0, payable
opinions. He is yet comparatively young, lie has filled’ at the office in San Francisco, or at the transfer agency in New
however, some of the most important positions under the Y ork.
heretofore




figured regularly in

.

•

~

i

r,

698

THE

CHRONICLE.

iPkrnetanji ©ommjcrctal "gutflisU Hews
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON-Dec.
On—

Time.

Amsterdam. Short.
Amsterdam. 3 mos.

Hamburg..

»•

Berlin

ii

Frankfort...

ii

Vienna

<1

Trieste

a

Antwerp.

ii

12 2*2 @12-3%

12-43* @12-5%

a

....

Shanghai....

“

days
m

~

Is
Is.

JOec.

7%ftd.
7%ftd.

48%@49

Deo.
Dec.

Rate.

Short.

1215

regarding the position of American railways and
supplying it to their clients. The trustees are Earl Cairns, the
Earl of Onslow, and Richard B. Martin, Esq., M. P,
The following are the present prices for money.

•

•

•

20-4612

Oct. 31

20-50
12-32

Nov.

5 Short.

25-34

“
“

“

....

Dec.
Dec.

5 3
5

Dec.
Dec.
Dec.
Dec.

5 3 mos.
44
5
5 cables.

.

;Dec.

20-50

-

•

44

5

44

5

44

5
5

4

•

mos.

mos.
4*

2532%$

Four

7|
14

4
5
5

21: 5

28|

Dec.

5

5, 5

own

Six

-

Disc’ t B'te

Joint

|

Four I Six
^Months Months
3—,'4 @ — 4%@ —
Three

At

Stock

Banks. Call.

4 @ 3%@ 4%i@4% 4>6nom 3%nom 4%@414 4^3 - 4
4%nom 4 nom 4\4%4%
— 4%® —
3 >sO - 3%@ - 3%% - 3m
-q3m - 3%@ 4%jnom 8%nom 4^@ — 4
nom|4^nom
4%® 3m3% 4^3 - 4 @4>f
-

-

7 to

14

Days.

3

2X 3

3^
3H
3\
3H
3%

3X

-3

3?H

3% 4 -4 X
3% 3H-3X
3J4 3H-3H
3)4 3H-3H

••••>•

25*35
47*40

93^8

The

following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols
and other items, compared with previous years:

110 uo

1884.

1883.

1882.

l8.7%6 2 :,32<L

&

£.

&

24,735.820

85,201,120

25,666,660

5,791,423
23,368,91 L

7,142,281
22,225,1-4

4,523,917
22.438,100

13.412,619
22.3il.234

15,193,798
19,480,025

11,381,002
22,472.411
10,962,610

IS. 711

4*o5%
3s. 7%<1.
4s. 1138a,

Circulation
Public deposits
Other deposits
Governm’t securities.

Other securities
1 From our

tor deposits by

Trade Bills.

Months Months Months Months

•

5 Checks

[Dec.

Bank Bills.

Three

5 3 mos.
5 Short.
*4
5
44
5

....

Interest allowed

Open market rates.

I
London

Dec.

4lec.

m

....

5

Time.

•

©20*71
'2)20-71

....

m

•

Dec.

.

Constaut’plc
dem’nd
Bombay
Hong Kong.

•

12-46%-§>12*48%
L‘2-46%'2) 12-48%'
23-56%@23-6i% Dec.
249iR@2lHifi

...

Calcutta
New York... 60

Dec.

© 20-70

St. Petersb'g
Pari 8
clieq’s 25-30 ©25-35
Paris
3 mos 25*48%© 25*55%
4*
Genoa
25"65
@25*70
ii
Madrid
46aifl'@465ifi
ii
Cadiz
4631(i@46%q
ii
Lisbon
51
3>5178
Alexandria

formation

EXCHANGE ON LONDON
Latest
Date.

Rate.

20-66
2067
20-67

.

5.

[Vol. XXXIX

correspondent.]

London, Saturday, Dec. G, 1884.

1881.
St

25.445,380
4,905,614
22.835,804
13 213,961

21.315,031

Res’ve of notes & coin 11,193,700 12,497,085
11,089,657
Coin and bullion in
hoth departments.. 20,179,520 21,948,205 20,879,270 20,785,037
Proport’n of reservo
to liabilities
33*3
42%
40%
39%
Bank rate
5 p. c.
3 p. c.
5 p. c.
5 p. c.
Consols
99%x. d.
100%x. d.
1007bx. d. 9938X.4.

Exceptiug one unimportant failure in the Greek trade, noth¬
ing of any very great importance has transpired in this coun¬
Eng. wheat, av. price
30*. 5d.
40s. 2d.
40s. Hd.
44s. lid.
try, either in commercial or financial circles. The Bank of Mid.
Upland cotton..
5i«q<d.
6d.
6d.
6%I.
England rate of discount remains at 5 per cent ; but the firm¬ No. 40 mule twist
95gd.
9%d.
lOd.
lOSgd.
Clearing-House ret’n. 125,365,000 136,331,000 145,329,000 119,755,0U0
ness of the outside money market noticeable towards the close
The Bank rate of discount and open market rates at the
of last week has given place to a decidedly easier feeling. The
chief Continental cities now and for the previous three weeks
cause of this is that there is a great scarcity of bills ; and it is
also admitted that 5 per cent is now exercising greater power have been as follows:
in attracting gold to the London money market.
Several par¬
December 4.
November 27.
November 20.
November 13.
cels have lately been received from the Continent, more es¬
Rates of
Interest at
Bank
Bank
Bank
Bank
Open
Open
Open
Open
pecially from Vienna, and there is now some prospect that the
Rate. Market
Rate. Market
Rate. Market
Rate. Market
position of the Bank of England will be strengthened to a
moderate ex-tent before the demands incidental to the close of
the year have to be met. It is impossible, however, that the
situation can be strengthened to any great degree, but there
is reason for believing that the official rate will not be

changed from 5 per cent. This rate is not a burdensome one,
though it is sufficiently high when it is borne in mind that
trade at the present time is not at all remunerative.
Five per
cent

on

this occasion is not

an

3

2M

3

2H

3

Berlin..

4

3}4

4

3%

4

Frankfort

4

3

4

Hamburg

4

4

Amsterdam

3

Brussels

4

Madrid

4^

311
2H
3>a
414

3%
3M
2H
3%
4*4

Vienna

4

4

4

4

St. Petersburg..

6

6

6

Copenhagen....

5

5

5

Paris

.

3
4

3

4^

2H
314
314
3H
2H
3%
4X

4H

4

4

6

6

6

5

5

5

4
4
3
4

4

4
4

3

3

4

4

3X
4%
W

6

6

4

5

-

indication of prosperity, and is

The state of the bullion market during the past week is
favorable feature.
It lias, as
thus described by Messrs. Pixley & Abell :
stated, however, had the effect of checking the outflow of
Gold.—There has been no demand for gold for any quarter since our
gold, except for war purposes, and of attracting a small quan¬ last, and all arrivals have been taken to
the Bank, the amount so dis
tity from the Continent. It cannot be regarded that any very posed of being £218,000, which includes £109,600 (sovereigns) from
Vienna. The Tamar has brought £17,430 from the River Plate.
substantial results have been obtained, and they cannot at the
(Silver.—The market has been very steady duriug the week, and there
have been no variations iu price, the arrivals mentioned below having
present time be expected. The New Year will, in consequence, all been
placed at 4978d. per oz. The amounts to band comprise £60,000
be started with the value of money at a comparatively high from the Brazils, £45,000 from New York, £5,609 from Australia; total,
£110,600.
1 he D011 takes £29,300 to the West Indies, and the P. & 0.
point, and under no very encouraging conditions. It is never¬ steamers £97,600 to the East.
Mexican dollars remain at 49%fid., with but few arrival*, and the
theless mentioned that the worst must, by the present time,
market is quiet. The P. & O. steamer has taken £11,150 to China. The
have done its worst, and that an improved condition of things total to hand is £33,000.
should be near at hand. It is to be hoped so, for the crisis has
The quotations for bullion are reported as follows:
been a long and tedious one, reaching over several years.
Price of Oold.
D c. 4. Nov. 2 7.
Dec. 4. ‘No v. 27.
Price of Silver.
Tenders have been received at the Bank of England this
d.
8.
d.
s.
d.
d.
week for £1,645,000 Treasury bills to replace those about to
Bar g »ld, tine., oz. 77 9
77 9
49Ji
Bar silver. flne..oz.
40J-6
mature.
Nearly the whole was allotted in three months’ bills Bar gold, container.
Bar silver,contain¬
at £99 Os. 4d., being a discount rate of about £3 17s. 4*78d.
20 dwts. silver.oz. 77 10^
77 10%
oOH
ing 5 grs. gold..oz.
5014
WA
Cake silver. ...oz.
53^
The failure alluded to is that of Messrs. D. Nicolopulo & Span, doubloons.oz.
m
S. Am. doubloons, oz
Mexican dols...oz. 49 1-16
Sons. The firm has only recently been established in London,
After a protracted period of dulness, the wheat trade just
viz,, 1882, but has carried on a considerable business in
Marseilles for over 40 years.
now
shows signs of improvement. The price lias risen 6d. to
The liabilities are estimated at
£80,000 to £100,000. The suspension will involve the Braila Is. per quarter, and it now seems to be necQssary that larger
house of Messrs. J. D. Nicolopulo & Co., established in 1878.
supplies of produce must be attracted, by offering higherquoThe report of the Nevada Land & Cattle Company for the tations.
Our importations, this season, have fallen away con¬
year ended Sept. 30 shows a net profit of nine per cent per siderably compared with last season, viz., to the extent of
annum.
4,000,000 cwt., and it is estimated that the quantity of wheat
The Chicago Milwaukee & St. Paul Railroad Company
and flour available for consumption during the past thirteen
through Messrs. Blake Bros. & Co., offer for subscription weeks (not including Baltic supplies) has been about 29,500,000
$3,000,000 terminal mortgage five per cent gold bonds at the cwt., against 34,110,347 cwt. in the corresponding period of
last season.
Baltic and Black Sea ports are now* closed to
price of £95 per cent. The bonds are of $1,000 each.
The Ontario and Quebec Railway Company (Dominion of navigation, and if the Continent continues to buy "wheat in
Canada) announce an issue of £1,970,547 perpetual five per the United States as freely as it has done since last August,
cent debenture stock, being a first charge upon the
railway. a firm wheat trade maybe expected during the winter months
The price is £92 10s. per £100 bond.
Messrs. Morton, Rose & as well as some recovery from the present deplorably low
Co. are the agents for the loan.
range of values.
The early part of this week was very win¬
A company—entitled the English Association of American try and cold, and snow fell somewhat heavily
in most parts
Bond and Shareholders, limited—with a capital of £250,000in of the country.
We have since had some heavy gales,
£10 shares, has been started with the object of obtaining in- but there is no severe frost.
Agricultural work, as far as seed-

not, therefore, regarded

as

a

<■

'

2H
3K
3X
3^




...

........

ingis concerned, is now completed, and the state of the weather
throughout has been very satisfactory.
Annexed is a return showing the extent of the imports of
cereal produce into the United Kingdom during the first thirteen
weeks of the season, the sales and average price of home¬

thirteen weeks of

wheat and other items for the first
season, compared with last year:

grown

the

IMPOSTS.

.....

Oats

.....

600,420

Peas
Beans

928,359
4,534,400
3,856,479

Indian corn
Flour

3.271—The

Supplies of wheat and Hour available
stocks Sept. 1 not being included:

produce:

589,576

367,588
350,112

446,316
7,682,935
2,664,488

3,104,838
3,731,502

35,597,027 30,790,978

34,110,347

41s. lid.

43s. 4d.

32,309,000 20,200,000

20,600,000

42s. Id.

wheat for season.qrs.
32s. 5d.
Visible supply of wheat
in the U. S
bush.33,175,000

return showing the extent

a

together with the average prices realized, compared
with the corresponding period of last season :
1884.

1883.

1882.

396,167

639.SS 5
717.394

1981.
623,371
530.941

64,139

78,186

1,262,482

1,391,66 4

Barley

29.910

Oats

32

32
19

Barley
Oats

1
3
19 10

42
32

5

0
3

Converting quarters of wheat into cwts.,
the whole kingdom are estimated as follows:
Wheat

1884.

cwt. 12,986.793

48
34
21

1882.

1881.

12,695,697

12.044,700

10.305,100

Mon.

49*2
d. 49*2
99*2
99^
Consols for money
99*4
993*
Consols for acoount
Fr*oh rentes (in Paris) fr 79-12*2 79-17*2
1 167b
116%
U.6. 4%s of 1891
125 78
126
U. 8. 4s of 1907
46
46*8
Canadian Pacific
76*4
Chio. Mil. <fe 8t. Paul.... 76
147h
Erie, common stock.... 14^
12134
1213*
Illinois Central
53*8
53*8
Pennsylvania
11%
Philadelphia <fe Reading 11%
90*4
S93i
New York Central

Silver, per oz

Sat.
s.

Flour (ex. State). 100 lb. 10

Wheat, No. 1, wh.
Spring, No. 2, n.

“

Winter, South, u
Winter, West., n

“

Cal., No. 1
Cal., No. 2
Corn, mix., old...

“

Corn, mix., new..

“

6

9
6
7

“

“
“
“

Pork,West.mess..$ bbl
Bacon, long dear
Beef, pr. mess, new,$ tc
Lard, prime West. $ cwt
Cheese, Am. choice

6
5

5
63
34
82
36
62

d.
9
9
8
9

if on.
*.

10
6

9
6
7
0
6
9
6*2 5
5 *2 5
64
0
33
0
82
0
35
0
62
0

National Banks.—The

d.
9

9^%
78"4«*2 78 30

53*4
11%
I 89*8

0

9
0

78*8
15*4
123*4
53*4
IK'S
8934
Wed.

Tues.
s.

10

6

0

124»*8

45%
77*2
15*4
12134

9
0
9

0

117

117
126

6
9

6*2

49*2
9930

49*2
99^8
99*4

9
8

0*o

Wed.

Tues.

7
6
5

5
62
33
32
35
62

d.
9
9
8
.9
0
9
6
7
0
0

0
9
0

s.

10
6
9
6
7
6
5

5
61
33
82
36
62

d.
9
9
8
9
0
9
7
6
0
0
0
0
0

reported

Thurs.

Fri.

49*2

49i»lfl

9!>716
H91116

9.) 38

99%

78-40
117
126
4 5 7s

78-35

$8,783,770

$8,133,942

Total 50 weeks. $366,041,747 $333,544,607 $342,688,842 $315,262,080

The following table shows the
at the port of New York for
since January 1, 1884, and for

76*8

77*4

EXPORTS AND IMPORTS OF SPECIE AT

53
113s

53 *8
11 %

88%

883*

6
9
6
7
6
5
5
60
33

9
8
9
0

82

0

36

0
0

62

8.

10
6
9
6

7
6

9
7
6
0
0

175,244
19,686
262,536
1,680
9,516

4,352,824
1,660,420

1,563

West Indies

3,S»9,577
7,800
868,105

$468,662 $22,664,057
289,794
415,889

683.879

5
5
60
32
82
3(5
;

4,252

G2

61,520

298,000

10% 60,445

Of the above imports for the week in
American gold coin and $19,452 American

exports during the same

32,638

$3,418,330
5,781,066

144.280

3,069,705

$68,532

$221,728 $13,545,200
46,455 14,381,616

Total 1884
Total 1883
Total 1882

1884, $147,853 were
silver coin. Of the

time, $17,000 were American gold

coin.

U. S. Sub-Treasury.—The following table shows the
and payments at the Sub-Treasury in
as
balances in the same, for each day of the past week :

this city,

Cashier.

National Bank of Boone, Iowa, Capital, $>0,000. Samuel L.
Moore,.President; James Ilazlett, Cashier.
Imports and Exports for the Week.—The imports of last

week, show

merchandise,
$8,133,942, against $6,603,640 the pre¬
ceding week and $7,271,795 two weeks previous. The exports

The total imports were

$7,845,104, against
$9,456,220 last week and $5,273,368 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Dec. 11 and for the week ending (for general
merchandise) Dec. 12; also totals since the beginning of the

receipts

well as the

Balances.

Payments.

Receipts.

Coin.

$

$

$

*

1.861,23.1 76
694.919 65

l,295,0-»0 62
1,662,232 79

7,892.856 51

Includes $153,900 gold

Shares.

certificates taken out of cash.

sold at the
by Messrs.

Bonds.

’

29 City Bank of New York..250
109 Fuiton Bunk. N. Y
114
24 Bank of Manhattan Co..14614

25 Utica Chenango <fc

Currency.

1,373,754 01 125,782,359 11 12,449.765 97
*1.303.379 78 I25,flu2,053 9i> 12,928.378 59
2.255,714 89 124.613.047 44 13,522,903 92
1,171.448 14 123.973.813 IK 13,685,609 69
1,011,200 20 124,119,699 89 13,823,5 L3 40
777,359 46 124,607,129 78 14,220,966 84

Anction Sales.—The following, seldom or never
Stock Exchange, were sold at auction this week
Adrian IT. Muller & Son:

0
0

1,964,861
269,447

83,992

All other countries...

9

0

1,069,589

20,130
48,402

6 *,337
211,117
76,613

7,696

8,499,425 12

6
0

$2,480
843
46.590

Total...

6*2
5*2

4,084,110

168,745

German /
West Indies
Mexico
South America

d.
9

8
9
0
9

14,626,850

$

$195,900 $12,032,972
902,430
13,880

France

21,857

$2 1,563 $38,052,188
33,837,454

Si leer.
Great Britain

6.090,423

5,320,741

786,092

13,186

Total 1883
Total 1882

$7,113,967
3,739,692

347,191
30,186

14,000
3,000

South America
All other countries...

1,384.352 01
1,601.686 21

Augusta National Bank, Augusta, Me. Capital, $100,000.
Unite Glazier, Ca-hier.
Mercantile National Bunk of Cleveland, Ohio.
Capital,
$1,000,00. Truman P. Handy, President; CharlesL. Mu: fey,

for the week ended Dec. 16 amounted to

$

$6,000 $26,487,370

Great Britain
France

Since Jan.l.

Week.

Since Jan.l.

Week.

Dec. 13.
“
15.
“
16.
“
17.
“
18.
“
19.

Fri.

Thurs.
d.
9

Imports.

Exports.

$

122%

8.

NEW YORK.

Gold.

15

14%

122*4

10

exports and imports of specie
the week ending Dec. 13, and
the corresponding periods in

1883 and 1882:

Dale.

46

$7,845,104
307,416,976

$7,384,122
335,304,720

$7,840,102
325,704,505

$10,176,412

355,865,335

126.

following national banks have lately

week, compared with those of the preceding
an increase
in both dry goods and general

1884.

1883.

1882.

116*2

Sam’1 Titcomb, Pi evident; S.




$11,825,539

$421,534,830 $480,352,874 $143,112,114 $106,270,198

For the week...
Prev. reported..

London

been organized:

tot week in January:

$8,179,504

EXPORTS FROM NEW YORK FOR THE WEEK.

Cable.

daily closing quotations for securities, &c., at
and for breadstuffs and provisions at Liverpool, are
by cable as follows for the week ending Dec. 19 :

Liverpool.

4
9
1

the total sales in

The

Sat.

$1,703,676
6,430,266

Tetal 1884

1883.

English Market Reports—Per

London.

6,665,697

our report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Dec. 16, 1884, and from January 1 to date:

1381.
s.
d.

1832.
s.
d.
41 11
34 11
20
9

1833.
d.
s.

1834.
s.
d.
per qr.

$2,118,073

In

-*

AVERAGE TRICES.

Wheat

$2,530,400
9,295,139

Germany

SALES.

916,715

$1,633,546
6,195,958

$107,084,749 $127,369,351 $118,107,206 $109,712,738
Dry goods
GenTiner’dise.. 314,500,081 352,983,523 325,004,908 296,557,440

of the sales of home¬

season,

qrs.

Total
Since Jan. 1.

the 187 principal markets
first thirteen weeks of the

grown wheat, barley and oats in
of England and Wales during the

Wheat

GanTmer’dise..

1881.

12,986,793 12.695,697 12,014,700 10,805,100
29,489,089

Total

Dry goods

1884.

1883.

1882.

-

1881.

1882.

1883.

Av’ge price of English

Annexed is

3,551,298

17.139,390
3.859,468
2,956,405

cwt.13.645,817 17.754,645 19,820,825 17,139,390
3,856,479 3,660,095 3,731,502 2,846,188

Imports of flour
Bales of home-grown

1881.

For Week.

for consumption iu thirteen weeks,

1884.

Imports of wheat,

19,820,825
4,456,786

17,754,645
6.268.775
3.423.775
346,831
697,470
7,427,803
3,660,005

13,645,817
5,880,676
3,244,105

cwt.

Wheat
Barley

FOREIGN IMPORTS AT NEW YORK.

Total 50 weeks.

1881.

1882.

1883.

1984.

699

CHRONICLE,

THE

1884.]

December 20,

$ 1,000 Province’of Quebec 5s,
gold, due 1908
1013*
$3,000 Rhode Island 6s,coup.,
due 1891

Susq.

1231a

$3,000 Harlem River & Port
Valley RR. Co
108
Chester RR. Co. 6s, reg., due
100 Hamilton Fire Ins. Co... I '■ l1**
1903
127
13 Jefferson Fire Ins. Co
123
$5,009 Connecticut 5s, coup.,
20 Globe Fire Tns. Co
111
pavable after 1887
105*4
10 Mercantile Firo Ins. Co.. 63
$7,009 N. Y. City Additional
35 Knickeibkr. Fire Ins. Co. SO
New Croton Aqueduct (D,
J 0 Sterling Fire In*. Co
55
reg., duo 1900
120*2<fcinfc.
21 Dos Moines & Ft. Dodge
Railroad, pref
53s $5,000 Newark City, N. J.,
Clinton Hill Improvement
25 Dos Moines & Ft. Dodgo
7s, reg., due 1-95
112*g&int.
2*8
Railroad, common
50 St. Jo.A 8t. Louis RR.Co. 14*4 $5,000 New Jersey 6s Loan,
due, 1887
107*2
1 2 Warren RR. Co
11J *4
10 Lake Shore Trallic Co
100% $2,000 Brooklyn LVy Public
Park Loan 6s, due 192 4
32 Pennsylvania Coal Co.. .230
133% & iut.

National Bank

100 Irving
10 Ameiicau Exchange
13 Merchants’ Ins Co
309 Second Av. RR. Co
25
Do
Do

..

.1 <8

Bk.119
1»'0

131 %
1-3

6 Union Ferry Co
116
100 Long Island Loan A Trust
Co., 60 per cent pa id... 104
21 N. J. Zinc and Iron Co... 71 %
10 Guardian Fire Ins. Co
67%
1
2

Municipal Gas Lt. Co

210

$5,000 City of New York A« cumulated Debt 7s,reg., due
Nov. 1. 1888

113*4&int.

$3,000 City of New York Improvement7s, reg., due Nov.
1, 1892
122%&Int.
39%
$3*.)0 Jrfferson Ins. Scrip
$6,000 Broadway & Seventh
Av. Railroad Co.
5s, due

1

190t

104

$24,000 Equality Coal Co. 1st
Metropolit.au Gas Lt. Co..235
mi?, bds
5
6%
100 South Carolina RR. Co..
$20,000 South Carolina RR.
80 Am. Speaking Tel. Co
185
353s
Co. Incomes
400 Wisconsin Cent. RR
K'%
for $210
1 Certllicuta for 14 shares Com. Bai k of MaL cheater, Miss

700

THE CHRONICLE.
York at the under-mentioned eities to-dav

£hc jgtaukers' Gazette.

f.

I

V

I

K N

II

U S.

The following dividends have recently been announced :
Per
Cent.

Name of Company.

Railroads.
Boston Revere Reach Sc Lynn..
New York New Ilaven Sc Hartf.
Northern Central
Richmond Sc Petersmirir
8t. Paul Minn. Si Man. (guar.)
Banks.
Bank of America
National Rank of Commerce

3

YORK,

December 19.

15, Jail. 1 to
li

20

to

Jan.

2 Dec.
121..

Jail.

2;Dec.

25

to Jan. 4

Jan.

same*

of

course

depression in price’s

lack of animation in business, it is considered remarkable
disastrous failures do

There is

not occur.

Amsterdam (guilders)
Frankfort or Bremen (reichmarks)

2

FRIDAY, DEC. 19, 1SS4-5 P. W.

commercial affairs, and with tin* continued

more

evidently

Coins.—The following*
coins:
Sovereigns...
$4 8t
Napoleons
3 85
X X Reichmarks. 4 74
X Guilders
3
S >an’li Doubloons. 15

.MAx. Doubloons., 15
1

F tie silver bars
Fine gold liars
Dim is &. M (limes.
..

much strength and

vitality among merchants and manufact¬
urers, or they never could have weathered the storm which we
have already been through.
At the Stock Exchange there has been much
weakness, pre¬
cipitated largely by the break in Lackawanna and other coal
stocks; but as the companies have made an agreement for 1885,
oil the allotment
plan, they have probably done the best thing
they could under the cireunistanees, even if a moderate decline
in anthracite sliould yet become inevitable.
This combination
removes one
great element of uncertainty from the market.
The possibility of ‘••ranker legislation in Iowa and other
States is

thine- of the

a

future and

need not

be discussed

at

present: but as the railroad olliccrs appeal* to bi* williiii»* to re¬
duce prices on wheat and corn to tin* lowest (inures which will
give the roads even a moderate profit, it is trusted that
th<* 'Western legislatures will act with fairness and a due

regard

—

are

5

S5kT
2178
40 q

94*2

95i8

quotations in gold for various

3>$4 87

Sliver Ms and Ms.

®
®
®

Five francs
Mexican dollars..

i
3 88
j
4 78
,
9G
4 00
55
®15 70
I
i
®15 05
07:!s^ 1 OH4
par il R prein-;
99 3i it> par
j

4

Do imconnwerc’l.
Peruvian soles

99*4®

—

—

92 ®
83*4®

—

*4

—

77

—

par.
—
—

94
85

—

—

'w

—

80

4 78
it
U. 8. trade dollars— sG a
IJ. 8. silver dollars — 99^^

—

English silver

United Stales Bonds.—Tlie

transactions

in

4 84
88

par.

Government

bonds have not been aetiveand the market is devoid of

feature;

prices have fluctuated but little and close slightly lower than
the prices ruling* a week ago.
The closing prices at the X. Y. Board have been as follows:
Inter csU De\
Periods,

j 13.

Dec.
1G.

Dee.
15.

4M«, 1891
4Ms, 1891
4s, 1907

:

D,e.
•

4 (

;

Dec.
18.

:

Dec.

;

19.

reg. q.-Mar.pl 13M *113Jy 1 i:;-\ l 13", 113'e *1 133*
•.coup. v'i.-Mar.plls g M3-*v 1 la-A *1 13W *113 A, HI 3%
reg. gJ.-Jan. I 122*.
122 \ 1 2 r,l '122
122k; 122 A
‘
*s
12 Ws *12 3 k.
48,1907
coup. Q.-Jati. *12:.~s I23M.
123 kj
Id!
:
1
3s, option U. 8
i 0 1 1-3
i 1.,
reg. Q.-Feb.
A
101 kj
lot
loi
0s, eui’’e> ,’95
*123
reg V. Sc J *120
,*1.24 , l*2G H2G
*126
'1 28
G2S
Gs,cur’ey,’96—rog.L «& J. *I28 ui*-8
*128
*1*28
I 30
130
03,our'ey, ’97
*130
; *130
reg. J. A J.'129
;*130
*13’
*1.11
Gs,our'oy,’98
reg. J. A J.|*13u
7131
*131
,*131
Gs,our’ey. ’99.. .reg. J. A J. 1 131
133
133
*133
*133
*133
'

*.

-

•

*

*

This is the price bid at the morning board; no sole

was made.

State and Railroad Bonds.—The dealings in State bonds

vested interests. One of the wo’st things that
progressive State can do is to frighten a wav all
capitalists from her borders, by giving them notice that any
money invested there will be liable to confiscation bv act of

were

the legislature.

and the dealings, except for a few
s'peeuial i\.• ela-x-s. have
been without animation.
"The course of prices lias been irregu¬

a

to
and

live

1 biles for call

loans

during* the week

stock and bond col¬

on

laterals have

I

4 u l
4 7934
4 79 q
5 2438
40

Pari3(franc8)

'Jan.

general characteristics heretofore noted still mark the

that

Sixty Days Demand.

Prime bankers’sterling bills on London
Prime commercial
Documentary commercial

The Money Market and Financial Situation.—Tin*

and

,

1 Dee. 21 to

Jan.
Jan.
Feb.

Miscellaneous.
Brooklyn Trust Co
NEW

llioks Closed.

(Days inclusive.)

Jan.

2T>
lAo

..

Wh*n

Payable.

Savannah, buvino*

:

discount, selling ^ discount @ par; Charleston, buying* 3-lft
premium, selling par
1-10 premium ; Boston, 30(5,33 pre¬
mium ; Xew Orleans, commercial, 50(5.75 discount
; bank, 100
premium ; St. Louis, 05 premium ; Chicago, 25 discount.
The posted rates of leading bankers are as follows :

i; •,
16

rV0L. XXXIX.

ranged at 1 (g1 A per cent and to-day at the same
figures. Prime commercial paper is quoted at 4A<>/;A per cent.
The Hank of England weekly statement on
Thursday showed
a gain in
specie of .£227.000, and the percentage of reserve to
liabilities was 40V, against -11 :»-10 last week
; the discount rate
remains at 5 per cent.
The Hank of France lost 5,750.000
francs in gold and •rained 2,075.000 francs in silver.
The

Aew York

'Dec. IT showed

a

Clearing
decrease

surplus bein'** $42,252,500, against $42,207, 150 the "previous
'

billowing table sh

week and
averaires

a

>ws

two

preceding

previous

years

in the

of the New York Clearing ilou>e banks.
! Differences fr'm*

i Previous H'ceAr.i

1883.
Dec. 15.

1882.
Dec. 16.

Loans and dis

.f200.225.900 Inc. .$2,181,100 $327,301.800 $307,143 800
80.012.000! Dec.
452,0001
57.033.900
57.850,500
Circulation..
i 1.012.0 j0< liu*.
55.100!
lf„3so, 20( i
18,059,100
Net deposits.., 3 10.951.0 )0> Inc.
1.083,S)0| 318,55s.500 2881412,*300
Legal tenders.'
38,918, too1 rue
078,0)0
27,202,300; 20,320,500

Specie

.

reserve| $82,738.5001 Hic.
held.j 121,991,000 tuc .

Leiral
Reserve

! $42,252,500,Doc.

Surplus

Railroad bonds have been less aciive than in

lar,

previous weeks,

advancing while others declined, though tin* general
speculative bonds is lower.* Erie 2d.s close at 572, against
501 last Friday; West-Shore 5s at -! 1 j. the same a> last Friday;
some

list of

Fast Tennessee

5s at

48’,,

against 49.1; do.

incomes

at

12},

against 12; Fort AYorth Sc ..Denver Rtsat 0-1. against 02; Missouri
Kansas A* Texas general 5s at 55. against 50.

$270,950

220,000;
$tl,95o|

stocks—Chicago

vestment

Burlington A Quincy and Rock
unfavorable reports .as to possible granger
legislation and decreased earnings.
The coal shares still absorb most of tin* interest-and have led
the decline.
The speculation in Lackawanna, has been very
active, and it has been the weakest stock on the List,

$79,039,025

$72,103,075

81.890.200;

78,183,0 ;0

$5,250.5751

$0,079,925

on

dropping
Thursday to OIL. though since stronger and closing at 96f.
One of the interesting
developments of the we ek concerning
this stock was the publication of Mr. S. V. White's letter to his
on

customers, dated Dec. 12th. in which he said
out rill their

holdings and his

own.

except

a

that

lie had sold

certain amount of

investment stock.
This was sullieiont to account for the recnit
decline; but the Street never knows ju-t how to
interpret such

communications, and they are apt to regard th'*m as a little
foxy." Tin* other coal stocks wen* also weak, and Del. Sc
**

Hudson

Exchange.—Sterling* has

been very dull tin* past week and
posted rates were reduced !<*. on Monday, owimr to the abund¬
ant
supply of commercial and bankers' bills and. the extrcmclv
small demand.
On Tuesday, a further reduction of !,e. was
made, but

•.

Island—based

the* changes trom the

comparison with the
1884.
Dee. 13.

at.-ls.C

Railroad and Miscellaneous Stocks.—The weakness in
the stock market lias continued since our last
report and fur¬
ther depression lias marked the course of
speculation.
The
House hanks, in their statement of Thief interest has centered in a few
leading storks and the hulk
in surplus reserve of $11,050, the of the business has been done in those. * One bature lias been
the unusual activity and weakness in some of Up* so-culled in¬

Week.
rI he

limited, embracing only the foil' wing: $7,0bj Ala¬
bama, (’lass (’, at 81, and $40,000 Tennessee Compromise bonds,
very

not

and

Jersey Central declined materially. It was re¬
reduction in coal prices was imminent, but later
it became known that a combination of the
companies for 1885
had been made, on the basis of an
output of 30,000.000 tons, on
the allotment plan, and this
helped to steady the market.
'The general lot sympathized with the coal shares to a
great
extent, though there has occasionally been shown a disposition
ported that

a

maintained, as it had the elfect of stimulatingto break loose, with the result, of a re-action in
buyers and stiffening rates.
prices. The
immediate course of speculation is much governed
by the
To-day the rates on actual business were, as follows, viz. :
of
local
operations
cliques,
and
the
fiuctuations
from
day
to day
Bankers 00 days’ sterling*, 4 80
4(5,, 4 81 ; demand, 4 84;]((/. 4 85. have little connection with
Cables, 4 85<754 85J.
tal bills

any

Commercial bills

were

4 70.

Continen¬

Francs, 5 24*@5 25 and 5 21£@5 22 $■
marks, 94j@.94g and 045@.95 ; guilders 39:} and 40.
The




were :

following

were

the rates of domestic exchange

;

on

rcicliNew

real changes in value.

Union has been active and very weak at

has been strong on bull rumors.

Western

times, and Pacific Mail

To-day, Friday, the market was weak and depressed in the
early trade, but later re-acted and closed strong* at or about the
best figures of the day.

THE CHRONICLE,

1884.]

December 20,

701

NEW YOKE. STOCK EXCHANGE PRICES FOR WEEK ENDING DEC. 19,
HIGHEST

LOWEST

AND

PRICES.

AND SINCE JAN. 1, 18S4.

Sales of ! Range Since Jan. 1, 1884.

the

STOCKS

Saturday,

Monday,

Dec. 13.

Dec. 15.

Tuesday,

Wednesday,

Thursday,

Dee. 17.

Dec. 18.

Dec. 16.

Week,
(Shares).

Friday,

Dec. 10.

RAILROADS.
Albany A Susquehanna

--

pref. ::::::
50*4
Ced. Rapids A No.
45

& N. Y. Air-Line,

Boston

Burlington
Canadian Paciiic
Canada Southern
Cedar Falls A Minnesota
Central of New J er.sey
Central Pacific

31

Chicago A Alton
Chicago Burlington A-Quincy.
Chicago Milwaukee A St. Paul
Do

pref.

11
S
1 ‘JO

7*8
*25*3
80 *8

A Om..

pref.
Cleveland Col. Cinn. A Ind

33

34 U

34*o

*5*2

0*4
10=8

10r,8

Pittsburg, guar..
Delaware Lackawanna A West
Denver A Rio Grande

City

*10
*7

11
8

O

Do
pref.
Evansville A Terre Haute
Green Bay Wiuoua A St. Paul)

‘8

*30

Houston A Texas Central
Illinois Central
Do
leased line 4 p.c
Indiana Bloomiugt’n A West’ll
Lake Erie A Western
E.ako shore

7V
2(5

20
30 Hi

117*4 118*2
74 ;*8 7 5 *2
105
85
123
10(5
7

2(5*4

8(5*2 8(5*2
31*2 32
137 *2 137 *2
1)7*2 98 7a
8*4
8*4

Long Island

4

378

4 Hi
0 'ft
34

{>

123*2

13
10

Louisville A Nashville
Louisville New Albany A Chic.!
Manhattan Elevated
Do
1st pref..

110*4*117*2 118*2
14Hi
10 Hi

7

*80*2

2034
87*2

*32

34

8*2

15

11*2

0434
03

63.

2oJ4

25*2

1034

Memphis A Charleston
Metropolitan Elevated
Michigan Central

034

00 H:
10 34

37e

0*8
32 34

0 *8
33

118

*

3
0

7y

03j4
64 *2
25 34

69^

28 78
*01

* *28 7e

til13*

70

4
*0

4
6

32*2

5*

*11
23

02

...

4

pref.

34

14*8

pref.

j

Norfolk A Western
I)o
Northern Paciiic
Do

Ohio Central?

pref

prof

H2

734

*80

80 *2
14 * *y

14*4

Oregou Short Line
Oregon A Trans-Continental...

21 >4'

30;ift

30

12*4
12 Hi

Peoria Decatur A Evansville..

Philadelphia A Reading
Pittsburg Ft. Wayne A Chic...
Rich. A Aileg., st’k trust ctfs..

*11*4
2534
1 6 3ft
92
*7

02*4
0

„

MISCELLANEOUS.
American Tel. a (’able Co
Bankers' A Merchants’ Tel
Colorado Coal A Iron
Delaware A Hudson Canal
Mutual Union Telegraph

2,355

33*2

400
100
220
25

33

334

.334

37
118*2 118*2 *118

13

13

12

12

11*2

10*4

10*4

033ft

04*2!

62*2

2534

* 2(5 *2 *

25*2

37
120

*12*2

*20

16=e
30^
1*2

10*2'

78
134*
2134!

120*4
38
88 34
4 H

*34 *2
8 5 a4
4

7*4
87*2

7*4

1 4
30

*64

60

'dd Hi'

27 *2

2*7*2'

*55

13

*10

2534
1(5*2
02 *4

*2534

’ 26*

68 34

60*8

60

H5
28

33
13
30
10

01*4

02
0

I

!

*41

4'ft

4 V

7*4i
3L

175

17 5

1534
OO-'a

12*4

14'ft

14

10 '4

10'•s'

2 '2

2 *2

12 'ft

01*2

*2!

12 *8'

I

803ft1

85*4
4

4

'7
87
13 7ft
28

10'2

|

"

ST" i
14 V
28 '|

10*2!

I

171
12

:i2

61

*10*2
*25*4
l(i *4

*

175

12*4

22*o

*10*4

F*4

13
13

12 78

13

*>*>

22 *2

2 ‘o

123^
va

3 'ft
"20

21*2

17

Hi '4
30 :»4
1 'ft
10

40:1ft
1*2'

18 34

10

I

*

12 58

3

13
22 7e

*2

>8

3

7s

*Vd" *22 '

*10 "

"ii"

39*2

*30

40*3

*38*3

40*3

83*2

81

*83

85

*83

85

4734

40‘8

*12

*1 H

83

13*4
48 34
(>

4*

«*a
83

*82
12
48
*5

83

7ft
"‘ft

*1 *>

15

8-'ft
SI ;,4

48'ft
*5 'a

123,
2H4

2 34

54
•1 *3

54
4

S7s
82*4

8

~e
82*2

133ft
4034
5a4
iij

5 i

4

*10
*38
*83

21 *2!
1 0 '2

*20
Hi

30'4
1 *6
I 7 3ft

13 3ft
1 2 7ft

01
*7
115

30
1

V

‘«i

*87 Vj

*7
*84
14 'ft

S«v
87

10 34

11

*12'*,
»>

2134

"1878
*38
*83

4

1 *3

87

82
1 3

*8'4

82 Hi

81

12 Hi
47

10

"ft

4()7ftl
1 'ft
10
I
0 Hi!

*4

8 '3

75

*■

48'3
5:'i

4«
*5 >4

48'ft
534

54

*8‘ft

8lHi

76Hi

7

*2
8 34

77a4

2,(.0oj 14

2>,._>80i 37 *4
(>„>0o
120

6*4

!
53 ‘4 5 4 *4
53 *3
Pacific Mail
34
1
107 Hi 168*4 107'4 107*4
Pullman Palace Car Co
J
Quicksilver Mining
1
Do
j
pref.
60 >4 dl
Western Union Telegraph.....
,8| 00 '4 60 7ft
i
EXPRESS*.

Arams

!

American.
United states

i
!

05
5 1

05

Wells, Fanro A Co
! lUS
INACTIVE STOCKS.
Atchison Topeka A Santa Fe..
Chicago A Alton, pref
Joliet vt Chicago
Louisi na A Mo. River

lUS

New York Elevated
Ohio A Mississippi, pref.

130

5 l

1

J 31 '2

54

*4

107 :i8

55

1073ft

!"!!!
50 Hi

60-ft

*30
57 >2
131

HOI
02

xOl
*52

02

*00

51

1*107

110

52
54
100 Hi 100*2

1

5434
lo7
*3

"""

56
108
6
2.3

!

1
'

!

60‘4
132

-3
*2.S

56'2

1

130

-90
00*3 01
53 '*4
54
! *53
100 '3 100 H: *107

5 H*
i
30

130
03
51
110

•

July

June27

Dee. 10
Dec. 10,

!

130

130

| *80
| *52

92
55

*107

110

131*3
51*a
92

11^
23
75

107e
200

82H>
148

84*4
35*3
33*4

1147a
86 34
58*3
68
53 7a
90
53

Mar. 3]

ICHiJan.
6

17
169

*3! 52*4

94

1169*3

1183

7]

Feb. 28 i

18*4 Feb. 16!
20j 12Hi Nov. 3;
25, 42 Feb. 15
June27j 27 Jan. 7
J*au.

June20; 34 =3 Jau.

7

Juno 20

12

Juno‘2G

i

32

June27

July

50
96

3

220

7i

20,
23
14
11!
14

Feb. 15

Mar. 17
Feb.
5

29*3 Aug. 22
50
.

Mar. 18

96*3 Apr. 10

Juno30j 3234Jan

July 11] 90
76*8 Oct. 20 99

10,510
113.278

9
Jan. 26
Jan.

7

5HiJuno27| 2238 Feb. 11

’Too

28
4
9

June30
June 271

508

49

May

Hi1

Oct.

17

84=8 Feb. 16
1934Jau. 7
May 20; 32
Jan. 5

4:4

17*8
70

*8! 104 J4

15

I

29*8

'

57
61»8Jan. 8
12734 Apr. 161 118*4
7
Juno271 17Hi Mar. 17i 14 ]
76*3 Dec. 18114
Feb. 11 102*3
10
May 16! 17% Jan. 10! 15
1

**500
13,026

7117 0
Feb. 9!
834June28! 65 *8 Jan. 7
6()34 June26 112 Jan. 28

600

54,631

31
00

36*4
5 7 Hi

695s
140 H*

39%

55

25
125

56
90
28

150
44 34

91*3

May 16' 5(>34 Mar. 17
May 24 117 Jan. 7| 112*4 134
5
9*3
334 J une30|
6*3 Feb. 11!
20
J une 20
31
30
Nov. 20
;
46*3
49
71% 88*4
May 14j 78'a Feb. 16

2,011
1

211,537

84
142

Nov.

15
65

]
5 8 ■'«

55

113*4

Jan. 20
Mar. 14]

17‘aApr. 4]|
7,184
May *1 !

11*3 June 26
24 Hi Juno 30
70
May 15

4

-

57*»4

7; 122 Mar. 13|
lOj 10*8 Feb. 15!

100
130

......

5 7 '4

5S;:ft

22

178 J uly 24, 16*8 Feb. 4
Oct. 18! 24
Mar.21

.(>00

70'3 72 *3
r>:»
5 Lb
563ft
;>.>•'4
106 '2 107
i 1077ft 10S |

127*4

1334 Mar.24

122*3 Jau.
54

157

Jan. 11

173*Aug.
21)34 Nov. 1; 60flft Feb.
mo H> Dee.
1135
Apr.
2*8 May 24
5
Jan.
! 32 July 3 61 Feb.

..

Oregon Improvement Co
Oregon Railway A Nav. Co

140*8

J une 271 57«8Jan. 7:
1
Dec. 10
4Ha Sept. 51
14=8 May 14 257BMar.l7]
5
Juuel‘2j lH»4Oet. 7]
8'4 Aug. 8; 24
Mar. 221

j

1,250

14
18
70

8-»i
70*3!

35

Juno24

2
6*10
17

920

13'a!

.

12634 Icb. 11
13*4 Jan. 5

June‘27| 71

8
;175

I
«’>-«>!

217
100

51

51

8*3
78*4

! 20

40

000

82 Hi

Dec.

I

f66
1;,6

7,100

82'3
1234

Feb. 16
119
Feb. 12
124
149 Hi Feb. 12

27

137*4
129-38
9134 108*a
122*4

7*4 Dec. 15j 2034 Feb. 14
Jiino26j 94HaApr. 12
28Jan. 5

-88

14,025

3

35*3

83

:,A!

22"ft
128*2

40 Hi
85

94*4 lan.

l(>,l>|.>! 11 Hj J line 27]

14 '«

75
81
13

4

*3'22 *

*18
*38
*82

6734 Jau. 10;

Juno27 127
June2(5l 58

83Ha Nov.

....

lif l‘>

54

78

'2!

3
20

*18

87

*80

*5

3

......

8 '.i

1

120 'a

i >3

54
8 34

10 34
39<4

223ft

2

Hi
'ft
403ft

i

*2*r *2*r

13'«

3 '3
20
23

70

Hi!

Ti'J
2
0

6*4 June 20

430
105

14V

7134
17H»
90
88
23 34

Oct. 25

H6
30

105,484
1,020

5

13'4

22
120'2 127

5,012
110

5ft

85
*4

7,510

0

*18‘2
0 >2

*3
*18
*20

70

600

16*4
01*2
120

173ft

217ti

-"4

81
12 >3
48
*f>
l‘> l.»

12*2
’

*12 Ha

22 ^

#

20

*'*8

13

23

*18
30 *2

*82
13

21 '2
17
1
40 ^
1 M
10
i

10*81

**1278 *1*3 3ft j

22

3*4

22*2

3034
1*4
10*8

123ft

12 3ft

3,145

*32

0 *2
0
1 120
120
*35
38

do 7ft1

4

*01
*55

*01

*32
*11
*25

8 5 "ft

31

3034
20

83
13

4,755

100

50*2

10's

*45*0
220

60*4

65*3

Jau. 18
Jan. Hi

51
7
Jan.
8 Hi Feb.
3*2 Dee. 3
8
185 5 J uly 11 200
Mar. 18
20
June26 51
4
Jan.
110
Juno23 140
Feb.13
70
Mar. 6
July 8 86
9
Juno 21
20*4 Jan. 5
6 7g June 27
1934 Jan. 7
62 Hi Dec. 18 104*4 Mar. 4
62
May 24 78*4 Mar. 15
22Hi Juno 24 513ft Mar. 4
10
Nov. 11
35
J an.
4
40
Jan. 22
67
Aug. 26
82
Jan. 21
93 Hi Apr. 7
42
Jan. 23
65
Aug. 21
6834 Dee. 18 79 Aug. 22
10
Mar. 18
Aug. 20 24
23
J une 27
40
Jan. 11
85
June30 105
Apr. 15
61*4 Juno 27 94 Hi Mar. 4
10
Feb. 11
7
16
Jan.
31
Oct. 22
44
Apr. 10
7 Hi June23
18H, Jan. 7
17
Juno21
36 Hi Feb. 11
9 Ha June 27 23*4 Jan.
5
63HiMay20 100 June21

600

*55*2

15

30

116,250

26*4

12
90

38*8 Aug. 20
100
Aug. 20
69Hi Mar. 14
141
Apr. 1
133*8 Mar. 1
25 **8 Jan.
3
52
Oct. 25
82
Mar. 10
3 Hi May 14
8*4 Feb. 15
534 Dec. 11 14 Hi Feb. 15

300

64

26*4

"di”!

120*2!
38 |
«0 7s

l'i’v* 1*434

78

2 1 3ft
10 3ft

10 34

*3

*82

14*2

Jau. 10

58*4 Jan. 18
57 78 Feb. 11

June 27
15
Jan.
2;
9H> June 20 28
Feb. 11
0 *8 Nov. 17
7
17
Jan.
118
June23 140*4 Feb.
6
107
June27 127 34 Feb. 16

710

*62«ft*64 '

63 v8

'

0

2L

Richmond A Danville
Richmond A W’t P’t Terminal!
Rochester A Pittsburg
Rome .Watertown A Ogdensb..
8t. Louis Alton A Terre Haute
nref.
Do
St. Louis A San Francisco
Do
pref.
1st pref. |
Do
St. Paul A Duluth
Do
pref
St, Paul Minneap. A Manitoba'
Texas A Pacific
'
Union Paciiic
Wabash st .Louis A Paciiic
Dr
pref.

2,325

0*ft

110

*01

*12't

12 h»:

21
l(i *2

20 *2

Ohio A Mississippi
Ohio Southern

4

0*8
33*2

(i *2

H‘S

New York A Texas I,and Co

10 *2

30

York A New England
Y ork N ew i 1 a veil A 11 a rt.
York Ontario A Western.
York Susq. A Western...!
L)o

10*2
02 *8

4*2
7*4

5'4]

pref.

Do

2534

0

7 *2
80 Hi

14

2534

*7
120 Hi 120*2 *118
*34
*33
38
8 7 34 88 8 t8534

New York Lack. A Western...
New York Lake Eric A West.

New
New
New
New

20
10 7g
02 Vi

i

Nashv.Chattanooga A St.Louis
New York Central A Hudson.
New York Chic. A St. Louis...
Do

*11

14

Hi
1014

Do
pref.
Missouri Kansas A Texas
Missouri Paciiic
Mobile A Ohio
Morris A Essex

”4

0*4

80

135
84 34
86

Jan. 30

Aug. 10

5

8

101

Milwaukee L. Shore A West’u

pref.

150
315

10*2

4

110

14*2
64 a4
64 *,
26

*

*

*10*2

64 =a
63
25 78

60*4

118

61

I)o

31*4
0*4

"i»34
10*2

*

*'oi‘

Minneapolis A St. Louis

34

|

"

”3*34

14*2

*13

*10*2
03 7a

03

00 *8

Manhattan Beach Co

!

11

33:»| I
0*4!
93.il
8
j

,

107*8

8*2

common.

consol...

33 *2
*5 *2

*

34

033.4

2g58

33:,4|
(5
i

--

*3

i

,

,

*9(5*4 97*78

534

34

*30

,

Do
Do

.

105
8(5 :*8

20

June 28

130*2 130*2'
”i*10
117*4 118*2j 11 10*2
J 17*2 117*2 118*4
17,(543
1
7 3 r,8
<‘>"d
8
75'V
773*i> 74 78' 73*2 74 34j 318,145 58*4 J une 27
100
1*105
10(5*4 100*4 ; 105
450
j
95 78 June 27
8a
86=8! 84*4 85a4| 85*8 80*4' 135,225
81 Ha J une 23
123
123
123
I 122*2 122 Hi
123
800
117 June 23
10(5*2 107 *8, 100*4 107*2! 107
107*2
18,442 100*4 June 23
7
7
i
*7
8*2
250
0
Sept.2(5
10Hi Nov. 18
26
2(5
25 *h 25*2
25 *4
I 2o
2*725 2178 June 26
808(5 "ft
80*4 80*4
85*2 80
1,500
8034 Juno 27
32
32*2 3 2 Hi *32
030
28
June27
i37*' i37* | 137 187 I
231 125*8 June24
02 7a 06*2
013ft 04 *2
937ft '0634 000,618
90 Hi May 26
8 *2
838
8 •'ft
8 *2
8*2
8*2
1,035
63ftJune23

191
118

A!..

10*3

8

'

Harlem

*9

50

1,450 ! 30 June27
450
2434 June27
8 May 22
12,300 I 30*4 Oct. 25
30
2,740
Juno 30

...

33

5^4

*3f ’ 'in ' ”31“ *3l"

31*3

33*2
*
5 *2
*10

34*2
0*4

'

Va. A Ga

45

*31*4

32

34*2
x5 *2

8

*7

138*2 138*2
07 *8 4)9 H*1
8 *4
8 Hi

Cleveland A

Dubuque A Sioux

o78

84 n8
122
122
1*122
123
107 3y 108*2 105*410734

Do

East Tennessee

45

45

4478
*31

*8

117
118
73*8 74*2
IO034 10534
85 V
84 °8 85*4

pref.

Chicago St. Paul Minn.

5

45
31*4

...I

Chicago Rock Island A Paciiic
Chicago St. Louis A Pittsburg.
Do

443.1
31*4

11734 119*4
73*o 74a*

pref.

Do

Chicago A Northwestern

50*4

34

34
5'
11
*7
1 ‘JO

1st pn-f
2d p rtf

Do
Do

July 3 135
80*$ Mar. 27 00

.

1

6

Chesapeake A Ohio

Highest.

126

;
45
31

Lowest.

For Full
Year 1883.

:

126
87

137
120
276
121

45
98

July 15 137
J

une

21102

Apr. 24
Mar. 26

May 171 61*3 Feb. 7
Feb. 13
May 26 115

126*3 135
88

j 94*4

55*9 65 *3
113
128

.

Rensselaer

*115

62
142
137
T 1 5

130

130

‘115

‘01

*01

*01




the prices

*01

20

B ornestike Mining Co
New Centra! < nal
Ontario Silver Mining
«*i nusylvuuia Coal
are

130

115
45

138

Virginia Midland
Canton <’<>
Consolidation Coal

iiieae

1] 24
Juno21|130

10*3 Dec.
*115

A Saratoga

South Carolina Railroad
Texas ,‘c New or cans

231 8034 Jan. T 78*v 84
131152
Feb. 16] 140
150
138
Apr. 12 145 31 ar. 4 138

June
June

9H>

*0^

*01

May 15' 00

Oct.

6,

June 13!
Jan. 0

25 34

13
90
96

105

112*3

June 18| 146*3 Apr. 18! ] 139 *3 145*4
0
Dec.
1
11
May 24] I 22*3 27Hi
90*o Nov. 22 93
Feb. 11
"
15
J
20
July 29! 21
an. 24!
| 31*3
50
Nov. 211
30*3 Nov. 28! 40
50
250
J une 10
IS
23
Jan. 29 j 21
1
27%
35
8
8
Mar. 25! 11
Jan.
4 !
j 10
0
Nov. IS
! 14
10*4 Jan. 31
;
-r»
!
14
18
May 10 20 *3 I an. 20
3 5*3
Feb. 10 264
i264
Feb. 19 1260 ;28u»4

j

20
10

10

i

bid and asked

;

no

sale was made at the Board.

t Lower price ii ex-dividend,

THE CHRONICLE.

702

[VOL. XXXIX,

QUOTATIONS OF STATE AND RAILROAD BONDS. DECEMBER 19. 1881.
BONDS.

STATE

1

Bid.

SECURITIES.

1 Louisiana—7s, cons., 1914

H3
101 V

Alabama—Class A, 1906.
Class B, 5s, 1906
Class C, 4s, 1906

'

6a, 10-208,1000
Arkansas—6s, funded—
7s, L. Rock & Ft. S. iss.
7a, Memp.A L.Rock RR
7b, L. R.P.B.&N.O.RR
7s, Miss. O.&R. R. RR.
7s, Arkansas Cent. RR.
Georgia— 6s, 1886

10
10
10
10

7s. 1886

101
105

7s, gold, 1890

111b

6s

1

loan

Consol.

’•

Bid.

'Ask.'

2d, 7s, 1891
Bonds, 7s, 1900

(Stock Exchange Price8.1
Ala.

Central-1st, 68.1918,

Atch.T.& S.Fe—4 ias, 1920

Sinking fund, 6s, 1911..!

79

Atl. & Pac.-lst, 6s, 1910.
Balt.* O.—1st,

6s,

113
101
*83

Prk.Br.!

Bar.C.Rap.&No.— 1st, 5s
Consol., 1st, 5s, 1934...
Registered
’

Minn.&St.L.—lst,7s,gu.!
Ia. City.* West.-1 st, 7s!
C.Rap. I. F.&N.—1st, 6s
1st, 5s, 1921
|
Bnff.N.Y. & P.—Cons., 6s
6s,
1924
General,
j

V

6s, Act Mar. 23, 1869)
non-fundable, 1888> {
Brown consol’n 6s, 1893

89

98

So.—1st, int. guar. 5s;
2d, 5s, 1913
.
1
Reg., 5s, 1913
Central Iowa—1st, 7s
1
Can.

98
76

- -

73
----

Ill. Div.—1st, 6s, 1912..
Char. Col. & Aug.—1st, 7

......

Chicago & Alton—1st, 7s. *119
Sinking fund, 6s, 1903..
La. & Mo. Riv.—1st, 7s. 119
2d, 7s, 1900

i20

......

ii*8

116b

1st, guar. (564), 7s, '94
2d, (360), 7s, 1898

125
119

.

j

6a. sinking fund. 1901..
6a, debentures, 1913—

Sinking fund, 4s, 1919
Denver uiv.—4s, 1922.. 1
Plain 4s, 1921
C R.I.& P.—6s,cp., 1917.
j
6s, reg., 1917
i
Keok. & Des M.—1st,
Central of N.J.-^lst, 18
l8tcou8ol.assented,1899 ;
Conv., assented, 7s. 1902 !
Adjustment, 7s, 1903...
Conv. debent. 6s, 1908..
Leh.&W.B.—Con.g’d.as.

97
*105

9*7 b

*

94

*92

34'

128

49
93

104

Mt.Vern’n—1st, 6s, 1923!
Fargo * So.—1st, 6s, 1924!
Fl’t* P.Marq.—M.Os, 1920:
Gal. Har.A S.Ant.-lst, Os

j

ioo b *1*0*1* 34i
ioo
101b
101 b 101 34

Morgan’s La.& T.—1st, 6s
iNasli.Chat.* St.L—1st,7s
2d, 6s, 1901

-

101

;

I

!

N.Pac.-

...

.

'

I

Consol., 1st, 6s, 1922....
Rich.&Alleg.—1st,7s,1920

103 b

Rich.* Danv.—Cons.,g.,6s
Debenture 6s, 1927
Atl.A Ch.—lst,pf.,7s, ’97

71
56

*127
119

*33b

41b
*40 34

73

Registered, 6s.

**59**

12(3

55b

So. Car.

3*5

1

•

1

Extension bonds, 7s, ’85

1st, 7s. 1885

Coupon, gold, 7s, 1902..

Regist’d, gold, 7s, 1902.

Sinking fund, 6s, 1929..
Sink, fund, 6s, 1929, reg
Sinking fund, 5s, 1929..
Sink, fund, os, 1929. reg
Sink’g fd. deb., 5s, 1933
25 years deb. 5s, 1909..
Rt gi-tered
Escauaba A L.S.—1st,6s
Des M.* Miu’ap.—1st,7s
Iowa Midland—1st, 8s..

95 34

102

LShore.-M.S.&N.I.,s.f.7s

...

j

65
95

No

75

p. e..

1911

..

...

j

119 b 122

i'o’e** 1*0*2 b
110b 111

!

116*b
lOob

105

|

Louis. West.—1st, 6s
Louisv. & N.—Consol.,7s.
Ceeilian Br’ch—7s, 1907

ioib *l*()2b

—

ioo"

Trust bonds, 6s, 1922...
10 40 A'ljmt. 0-, 1924
L. Erie * W.—1st. 6s. 1919
..

67
67

i 3*2

Sandusky'Di v.—6s, 1919
Laf. Bl.* M.—1st, 68,1910
Louisv.N.Alb.&C.—1st,6s
General inort.,6s, 1914.

123

Lou. N.O * Tex.— 1 st. 5s

6s

37 b

Tol.P.AW.—1st, 78,1917

80 b

80
50
38
72 b

71V

Chic. I)iv.—5s, 1910
Hav. Div.—6s, 1910

-j
68

*70*
*70
**80**
104 b 105
96 b
96 34 97 b

Wabash—Mort. 7s. 1909
Tol. * W.—1st, ext., 7s
1st, St. L. Div., 7s, ’89
2d. ext.. 7s, 1893

....

56 b
62

Equipm’t bds, 7s, ’83.
75 I 81
7s, 1907
Gt.West’n—1st, 7s, ’88 104 b 105 b
97
2d, 7s, 1893
Q.& Tol.—1st, 7s, 1890, *80
Consol, conv.,

8*2*

Han.* Naples—1st, 7s!
Ill.* So.Ia.—lst,ex.,Gs

I

St.L.K.C.AN.—R.e.,7s; 101b 102b
102
Omaha Div.—1st, 7s| 100
Clar’da Br.—6s, 1919

93
97
10 lb

St.Chas.Bge.—ist,6S|

to

1900, reg
j
;N.W. Telegraph—7s, 1904

108

80

7s.! liob 110b
;
i West,Un.Tel.—1900,coup.’ 107
No. Missouri—1st,

I12-»

!

105

;

6634

Mut.Un.Tel.—S.fd,6s, 1911

'spring

102
110 b
110
i)4J
90b
*2

,110

*68*’

Val. W.W.—1st,6s

INCOME BONDS
(Interest paunbie if earned.)

Alleg’nvCeut—Inc., 1912

..

1

118

|
i

j
120
125
116
116

Oreg.
Mo.

70

*06
82

j

05

J

11

01
40
.

j!

.....j

1

*

75 b

-SO*
*75
75
85

78

6s.

3-6s, Class C. 1906....
3-6s, Class B, 1906....
1st, 6s, Pierce C. * O.

Equipment, 7s, 1895..
Geu’l mort., 6s. 1931..

j

Consol., 6s, 1905
Income & Id. gr., reg..

G.,6s,Ai)g.ep. on.,
do txAug.coup.
Pennsylvania KK,Pa.Co.’s guar.4b9.1st,cp
Pa. Co.’s Reg., 1921
Bio

90

*8*9*

cons.,

So. Pac. of Mo.—1st,6s
Tex.* Pac.—1st, 6s,1905

85

*

87 b

Fac.—1st,

3d, 78, 1906
Pac. of Mo.—1st, 63--2d, 7s. 1891
St.L.* S.F.—2d, 6s, Cl.A

"97**1

1

*82

*84

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

Short L.—1st, 6s *87* '*8*8 *

Ut. So.—Gen., 7s, 1909
Kxten., 1st, 7s, 1909

1

77 b

12 b

*3*6"

~~

lolb
114 b
*88 b

------

,

At.C.A P.—1st,6s, 1905
At. J. Co.* W.—1st, 6s

prices Friday; these are latest quotations made this week




*94

6s..:..j

iTs

N.O.AMob.—1st.6s, 1930
2d, Os. 1939.:
E.H.AN.—1st, 6s, 1919
General, 6s, 1930
Pensacola Div.—6s, 1920
St. L. Div.—Jst, 6s, 1921
2d, 3s, 1980...
Nashv. & Dec.—1st, 7s.
S.A N,Ala,—S.f.,6s, 1910
Louisv. C.A L.—6s. 1931

97
97

.

Cleve. & Tol.—Sink’g fd. 104 b
New bonds, 7s, 1886.. 104 b
115 b
Cleve. P. * Ash.—7s
110
Buff. & Erie—Now bds
Kal. * W. Pigeon—1st.. *100
Det.M.& T.—1st,7s, 1906 118
Lake Shore—Div. bonds 1-0
Consol., coup., 1st, 7s. 127
Consol., reg.. 1st, 7s... 124
Consol., epup., 2d, 7s.. 114 b

Consol., reg., 2d, 7s
Long Isl. RR.—1st. 7s, ’98
90b j 1st, consol., 58, 1931

90
50
98

16 34
Inc., 1910...
So. Pac.of N.Mex.-lst,6s| - - -;:-!|
'(Central of N. J.—1908
113
b *1*1*4** jCent.Ia.—Coup. deb. certs.
Union Pacific—1 st, 6s
Land grants, 7s, ’87-89 106 b
Icli.St.P.AM.—L.gr.iuc.,6s
k
118b Chic.* E. Ill.—Inc., 1907
Sinking funds, 8s, ’93. k
118
;L)esM.& Ft. D.—1st,inc.,6s
Beg 8s, 1893
Collateral Trust, 6s...
;l)et. Mack. * Marq.—Inc.
\
12
do
E.T.V.AGa.—Inc., Gs, 1931
58,1907
Kans.Pac.—1st, bs, ’95 ilo'b 112* ; Elizab. C. & Nor.—2d, inc.
107
108
1st, 6s, 1896
iGr.BayW.* St.P.—2d,inc. k~
I)env.Div.6s,a8’d, ’99 105 b
|Ind. Bl. & W.—Inc,, 1919
01
92
I
Consol., inc., 6s, 1921...,
1st, consol., 6s. 1919
C.Br.U.P.—F.c.,7s, ’95 -00
|;Ind’sDec.& Spr’u—2d,inc.| *20
*20

.

Col.* (ireen.—1st, 6s,1916 i *S1)34
A
2d, 6s, 1926
Col H Val. * Tol.—1st, 5°
Del. L.A W.—7s,conv.,’92

*

Al06b 107

Coupon, 6s, 1909

95 b
94

2d, 6s, 1923

Mortgage 7s, 1907
Syr.Bmg.A N.Y.—1st,7s

-

103 b

.

Joaquin Bl-.—6s..;
Cal. & Oregon—1st, 6s;
Cal. * Or.-scr. B, 6s.
Land grant bonds, 6s. I

San

108
100

Div.—6s, 1921
Ind’polis Div.—6s, 1921
Detroit Div.—6s, 1921..
Cairo Div.—5s, 1931

66
*68
69
100 b
-siy
102

112 b
102 b
*98
*90
100
West. Pac.—Bonds, 6s *108 b
No.R way (Cal.)—1st, 6s *108
06
So. Pac. of Cal.
1st,6s

Central Pac.—G.,
|

110 b
110
111
109 b
104

Iowa

Pacific Railroads—

Keut’kyCenu.—M.Os. 1911
stamped, 4

123 b 125
108
120

Chic.* W.Ind.—1st, e.f., 6s
Gen’l mort., 6a, 1932

2d. 5s, 1911

b

*9*3

76
60
81

Eastern Div., 6s,

.

1*1*5**

No. Wi8.—1st. 6s, 1930.
St.P.A S.C.—lst.Gs, 191!
Chic.* E.111.—lst.s.f.,cur.
Chic.St. L.A P.—1st,con.5s
Chic. & Atl.—1st, 6s, 1920

ii5
115
! 73b
73b

! 55
55
b
1921..1 78
'rWL'
-100
Indianap.D. A Spr.—1st,7s

Peninsula—1st, conv. 7s

2d, 7s, 1907

1st, 4-5-Os, 1909
2d, 4-5-68, 1909

118

*•

104
134
136 b
103 b
104 b
123 b 1*25
124 b
110
111

Chic.* Milw’kee—lst,7s
Win. A St. P.-lst, 7s, ’87

MU.A Mad.—1st,6s, 1905
Ott. o. F.-y st. p.—i st.r.s
C.C.C.& Ind’s—lst,7s,s.fd.
Consol. 7s, 1914
Consol, sink, fd., 7s,1914
General consol., 6s, 1934
Chic.at.P.Min.A Om.—
Con* l. >>*, ! 930

Ced. F. & Minn.—1st, 7s
Ind. Bl. AW.—1st pref.,7s

110

R’y—1st, 6s, 1920

; Wab.St.L.APac.—Gen’l

103 b !

_

95 b
*93

70

109
100

2d, 6s, 1931
b Sheuand’li V.—1 st,7s, 1909
General, 6s, 1921
Tex.Cen.—1st, s.f.. 7s,1909
94 b
1st mort., 7s, 1911
Tol. Del. & Burl.—Main,6s
41b
1st, Dayt. Div., 6s, 1910
41b
1st, Ter’l trust, 6s, 1910
57
Tex.* N. O.—1st, 7s, 1905
Sabine Div.--lst.Ga, 1912
*8*6
Va. Mid.—M. inc., 6s, 1927

*

Terminal 5s, 1914
Chic. A Northwest.—
Sink, fund, 7s, 1885
Consol, bonds, 7s, 1915.

695a1

34

*

*8 i b

104
106 b i’08
1
101b! 102

....

1

_

10338 104

2d, pref., 7s, 1894
2d, income, 7s, 1894
Bellov.* So. Ill.—1st, 8s
St.P.Minn.* Man.—lst,7s
2d, 6s, 1909
Dakota Ext.—6s, 1910..
1*02*
1st, consol., 6s, 1933—
1st. cons., 6s, reg., 1933.
Min’s Un.—1st, 6s, 1922
11934 St. P. & Dul.—1st, os, 1931

River—1st, 6s,

111

85
112

St.L.Alton* T.H.—lst,7s *115

1932
i Ohio* Miss.—Consol, s.fd. iio"
11 Ob
New

90
51
95 34

95 b
52
*105

Arkansas Br’ch—1st, 7s
Cairo & Fulton—1st, 7s
Cairo Ark. A T.—1st, 7s
Gen’l r’y & 1. gr., 5s, 1931

108
103

88

*50b

Incomes, 1900

......

*103**

"72 b
108b

71

Scioto Val.—1st, cons., 7s.
St. L. & Iron Mt — 1st, 7s
100 b
2d. 7s, 1897

'

1
!| Consolidated 7s, 1898...
* 109 110b I 2d consolidated 7s, 1911
1st, M. L., 7s, 1891
1st, LaC. Div., 7s, 1893.
1st, Western l)iv.. 7s ...I 105b ;! 1st, Springfield Div., 7s
b! 1st, Waco & No.,'7s
1st, I. & M.f 7s, 1897
! HI ill4 ; Ohio Central—1st, 6s,1920
j
1st, I. A D., 7s, 1899....
2d, consol., maino line,8s;*111 1
1
1st, Torm’l Tr., 6s, 1920
1st, C. & M., 7s, 1903...
2d, Waco A No., 8s,1915|
1st, Min’l Div., 6s, 1921
I 96 i!Ohio So.—1st, 6s,1921 ...J
Consol. 78, 1905
|
General, 6s, 1921
102 i jOreg’n* Cal.—1st,6s,1921;
Houst.E.&W.Tex.—1st,7s
!
Or.&Transc’l—6s,’82-1922;
2d, 6s, 1913
j—
j
Ill. Cen.—Spd.Div. -Cp.Os
Oregon Imp. Co.—1st, 69.1
;--1
Middle Div.—Reg., 5s..-i*106b --jOreg’n RR.* Nav.—1st,6s:
i 1 IK
C.St.L.* N.O.—Ten.l.,7s:
I--j Debemures, Is,
113 b 116
i Panama—S.f., sub.6s,1910,
lst, consol., 7s, 1897..
i Peoria Doc. * Ev.—1st. 6s
1
06-b 97
1st,Chic.* P.W.,5s.l921
2d, 6s, 1907
; 104
104 b
99
;*
Evans. Div.—1 st,6s, 1920,
Gold, 5s, 1951 £
06 b 98
116 b Peoria* rek.U’n—1st, 0s;
Dub. * S. C.—2d Div., 7s *116

2d, 7 3-10, P.D., 1898...
1st, 7s, $ g.. R.D., 1902.

118 b

Og.—lst,7s,’9r 1°«

Con., 1st, ext., os. 1922.
Rocli.A Pitt —1st, 6s,1921

.....

Buff.—Cp.,5s

j Nevada Central—1st, 6s.

Consol. Os, 1911
|
louston & Texas Cent.—

l

100

Registered, 5s, 1931
I
N.Y.Susq.* West.—1st, 6s
I Debenture, 6s, 1897
i
i Midland of N.J.—1st, 6s;

,104

1
Gulf Col.A S.Fe—7s, 1909! 113 ;113’-4
2d, 6s. 1923
I*
86 b
Hann. & St. Jos.—8a,conv.: 103b 103 b

b
b

*i*04b

2d. 6s, 1923

|

115 b

!

b

33 b
104 b
94
i
:
1st, 6s, 1905
j
iN.Y.C.*St.L.-l8t,0s,1921 04

N.Y.W.SI1.&

Rome W.&

b 113

ioib

N.Y. Elev’d—1st, 7s, 1906
N.Y.P.A O.—Pr.l’n, 6s, ’95
N.Y.C.& N.—Gen.,6s,1910
I
1’rust Co. receipts
N.Y. *. N. Engl’d—1st, 7s

Gr’nBayW.ASt.P.—1st,6s1

85b

130
119 b 122
126 b
119
110
i 19
118
126 b
121b 123
120 b
110
112
96 b
100

!

*105

99 b 100
115
120
110
112
102
69
55
104

139b

St.L.V.&T.H.—lst,g.,7s
105
2d, 7s, 1898....
I*
2d, guar., 7s, 1898....
Pitts.B.A B.—1st.6s, 1911; ----- 80

95

Harlem—1st, 7s. coup... *127

i

*

---

100
85

-----

Chic.—1st,

*102 34 i*0*3b
132 b 133 b
132
102
102 b

1st, reg., 1903
Deb. 5s, 1904.
Registered...

98 b
90

98

....

1931....;*

Collater’l trust, 6s, 1892
}
1st, Extension, 6s, 1927

57

2d, 7s, 1905
West. Div.—let, 5s
2d, 6s. 1931

**9*‘i*‘

00
85

os,

Mobile* Ohio—New 6s..

50

Ask.

2d. 7s, 1912
130 b
3d, 7s. 1912
i ------ 130
Clev.A Pitts.—Cons.s.fd.' 122
4 th, s.fd.,6s, 1892
|*1«S“4

I

"Coupon, 5s, 1931

Jack.Lan.ASag.—6s,’91

iiSV

1130

Buff.* S. W.—M.,6s,1908;
Ev. & T. II.—1st, cons., 6s|

bj

113 b

1st, 8s, P. 1)

1

Pitts. Ft.W.A

1

104

Consol. 5s, 1902

I| Registered,

;

3734

BuflVN.Y.A E.—1st,1916*
N.Y.L.E.AW.—New2d0.
Collat’l trust,6s, 1922.1

'....!

12*7 **

Am. D’k&Imp.—58,1921
Chic. Mil. & St. Paul—

;

120
1st, cons., id coup., 7s..1*11.4
Reorg.v 1st lien. Os, 1908;
Long Dockb’nds, 7s, ’93 107b!-

'

Bid.

SECURITIES.

—

|j 6s, 1909

80

Pac.—1st, 7s

Divisional os, 1930

*

Ia. Div.—S. fd., 5s, 1919

1119 ^

Eliz.C.&N.—S.f.,deb.,c.,68
1st, 6s, 1920.«
82 b
Eliz.Lex.* Big Sandy—6s
Erie—1st, extended, 7s... 121
110
107
2d, extended, 5s, 1919
103
3d, extended, 4 bs, 1923 102
j
4th, extended, 5s, 1920., 105
!
| 106 110
5th, 7s, 1888
i
1st, cons., gold, 7s, 1920; 118 V 119

i*3*i** 132**1

Ask.

1911.!

123-*2 ; Mich.Cent.- Cons.7s, 1902 *^*-0

..

iiob

112
112
110

3-65s, 1924
Registered
Funding 5s,' 1899

_

1QU(1

Land grant, 3 bs, S.A...
E.T.Va.AGa.—lst,7s,1900
1st, cons., 5s, 1930

75 b
27
j
93 b

Ches.O.&S.W.—M. 5-6s...

41b
41b

—

Mex. Cent,—1st, 7s,

......

55

1*0*3 ** 1*04*
75
25

107

j Penn. R R.—Continued— >
Co.—78,1909
Pitt.C.A St.L.—1st, c.,7s
N.Y.AM.B’h—lst,7s.’97,
3o ’4
1st, reg., 7s
!
Motropolit’n
El.—1st,1908;I 109
V109
*114b 116
Vr
iK.
I 93a4 i
IYA
2d, 78.1913
1
\
'
i 2d, Os, 1899
! 93

Construction, 5s, 1923,
J
Canal—1st, 7s;*113
1st. ext., 7s, 1891
V
j 113
117
I
Coupon, 7s, 1894

Den.So.Pk.*

Chesapeake & Ohio—
Pur. money fund, 1898
6s, gold, aeries A, 1908.
6a, gold, series B, 1908 .
6s, currency, 1918
Mortgage Os, 1911

Distinct of Columbia—

BONDS.

Milw. * No.—1st,
--I1-—
"
Os,
- 1910
Registered, 7s, 1894 — 117 |
!
1st, 6s, 1884-1913
1st, Pa.Div., cp.,7s, 1917 131
*131-4
Mil.L.S.&W.—1st,6s,1921
1st, Pa. Div., reg., 1917.
Alb. & Susq.—1st, 7s ... my
St.L.—lst,7s,1927
|* Minn.*
103 V
Iowa Ext.—1st, 7s, 1909
2d, 7s. 1885
*124^'
!
2d,
7s,
1891
lst.cons., guar.7s,1906
S’thw.Ext.—1st, 78.1910
Registered
"‘"Ti'-iv Pac. Ext.—1st, 6s, 1921.
1st, cons., gu., 6s, 1906
Mo.K.A T.—Gen’l,6s, 1920
Registered
Reus. * Sar —1st, cp.,7s 132 b
General, 5s, 1920
*131
Cons. 78, 1904-5-6
1st, reg., 7s, 1921
84
82
V
Cons.
2d, income, 1911..
| Denv.& Rio Gr.—1st, 1900
H. & Cent. Mo.—1st, ’90
46^ 47
1st, consol., 7s, 1910

91

38 b
55
5

6s, deferred

: -i

Tennessee—6s, old,1892-8
6s, new, 1892-8-1900...

Del.* Hud.
102

63

6s| consol., 2d series

Manhat.B’ch

78of 1871,1901
-120
1st, consol., guar., 7s..{^122
N.Y. Lack.* W.—1st, 6s 119

Alleg’y Cent.—lst.6s,1922'

47
38
38

6s, new, 1866
6s, consol, bonds
6s, ex-matured coupon.

Bid.

Del. L. & W.—Confin’d—
Morris & Essex—1 st, 7s

Ask.

41b

series, 1914

! Virginia—6s, old

106 b
105

SECURITIES.

Railroad Bonds.

new

C’mp’mise,3-4-5-08,1912

South Carolina—

RAILROAD
SECURITIES.

6s,

!

5
5

82b

4s, 1910-.".-

6s, 1919
Ohio—6s, 1886

32 b!
10
|

Funding act, 1900

Wil.C.&Ru.R.

Do

117

1893

18
1)
3

Special tax, all classes..

110
110
115
110
106
112
115

Bid.

SECURITIES.

| Tennessee—Continued—

N. Carolina—Continued—
New bonds,. J.&J., ’92-8

75

Ask.

Bid.

SECURITIES.

63W
103 V

Ex-matured coupon

84b Missouri—6s, 1886
08, due 1889 or 1890....
A syl’m nr TTniv,, dlie ’92
9
Funding, 1894-95
Hannibal * St,. .To., ’86.
New York—fis, reg., 1887
6r( loan, 1891
1
6s, loan, 1892

82 b
105

Ask.

Bid.

SECURITIES.

Ask.

98
93
95
00
95 b (Mil. L. Sh.& W.—Incomes
101
I Mob.* O.—lst,prf., deben.
105
105 b
2d. pref., debentures
110 b
3d, pref., debentures
! i 4th, pref., debentures
100
08
99
;N.Y.Lake E.AW.—Inc. 6s
08 b
99
N.Y.P.A O.—lst,inc.ac.,7s
Ohio Cent.—Income, 1920
—

*

70*

*

25
25

*15

80
55
25

..

......

ioi**

1*0*6

;
•

105
106
102 b
74
76
3 7 34
53 b 51
j
51
....

97 b
*97

98
....

5**i

22"

Min’l Div.—Inc.,7s,1921

Ohio So.—2d inc., 6s,

1921
Ogdens.* L.C.—Inc.. 1920
PeoriaD.AEv.—Inc., 1920
Evansv.Div.—Inc., 1920
Peoria* Pek.Un.—Inc.,6s
Rocli.A Pittsb.—Inc., 1921
Rome W. * Og.—Inc.. 7s.
^So.Car.Ry.—Inc., 6s, 1931
iSLL.AI.Mt.—lst,7s,pr.i.a.

1 1st. L.A.& T. H.—Div. bds.

**2*6*’ 35*"
..

**46
33

34
45
--

*

....

Quotations In Boston,

Insurance Stock List.
[Prices by E. S. Bailey, 7 Pine

Bank Stock List.

*

Par.

Marked thus (*) are

National.

not

America*
Amer.

Exchange

Broadway
Butchers’ & Drov’s’
Central
Chase

Chatham
Chemloal
Citizens’
City
Commerce

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

Filth
Filth Avenue*
First

Fourth
Fulton
Gallatin

Garlield
German
German

American*.
Exchange*

Germania*
Greenwich*
Hanover

Imp. & Traders’
Irving

—

Leather Manuf’rs’..
Manhattan*
Marine

Market
Mechanics’
Mechanics’* Trade’
Mercantile
Mercnants*
Merchants’ Excb...

Metropolis*
Metropolitan
Murray Hill*
Nassau*
New York
New York County
N. Y. Nat. Exch
Ninth
North America*....
North River*
Oriental*
Pacific*
Park
.

i

I

People’s*
Phenix
Produce*

Republic

8t. Nicholas*
Seventh Ward

Second.
Shoe* Leather

j

State of New Ybrk*
Third

Tradesmen’s
Union
United States
Wall Street
West Side*

Bid.

100
100 118k
280
25
25
120
100
100
25
100 2000 lI’I’I
25
100 250
100
115
100 110
160
100
25
25
100
100 400
100
100 117
iiT*
30 112
50 150
100
75
100
100
25
100 142
100 256
50
100
150
50
100
100 140
25 131
25
100 1*15 ’ 12*6**
130
50
90
50
100
22
24 k
100
100
125
180
50
100
140
100
100
100
70 100 k
30
25
60
ICO
100
25 142
20 100
50
120
100
122
100
111
SO
100
100
100
110
100 106
100
40
ssyioo
1155
50 150
100
50
100

Par.

COMPANIES.

Ask.

50
American
Amer. Exchange... 100
25
Bowery
25
Broadway

17
Brooklyn
20
Citizens’
70
City
100
Cl niton
50
Commercial
100
Continental
40
Eagle.100
Phnpiro City
30
Exchange
50
Farragut
17
Firemen’s
10
Firemen’s Trust—
100
Franklin & Emp..
100
German-American
50
Germania
50
Globe
25
Greenwich
100
Guardian
15
Hamilton
50
Hanover
100
Home
50
Howard
100
Irving
30
Jefferson
Kings C’nty (Bkn.). 20
40
Knickerbocker
Long Isl’d (B’klyn) 50
25
Lorillard
Mauufac. & Build.. 100
25
Meeli. * Traders’
Mechanics’ (Bklyn) 50
50
Mercantile
50
Merchants’
50
Montauk (Bklyn.)..
50
Nassau (Bklyn.) ...
37 k
National
35
N. Y. Equitable
N. Y. Fire
100
50
Niagara
25
North River
25
P.acific
100
Park
20
Peter Cooper
50
People’s
50
Phenix
25
Rutger’s
50
Standard
100
Star
100
Sterling
25
Stuyvesaut
25
United States
10
V7estchester
Williamsburg City. 50

I,250
,

.
.

...

GAS

COMPANIES.*

Par.

Brooklyn Gas-Light
Citizens’ Gas-L. (Bklyn).
Bonds

Harlem

Jersey City & Hoboken..
Manhattan

Metropolitan

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

Borip
New York

30

Bonds
Bonds

Williamsburg
Bonds

Metropolitan (Bklyn.)...
Municipal
Bonds
Fulton Municipal
Bonds

Equitable
Bonds

-

Boston & Providence—7s
Burl.* Mo.—Ld. gr., 7s.

Conn. * Passumpsic—7s.
Connotton Valley—6s

,

125
106
220
60
105
120
120

130

124
55
60

50
40

116
200
S3
100
75
100

123
210
90
11080

112
60

30

105

112
63

00

97
105
145
80
145
75
120
107
165
100
140
105
130
115

105
110
150

90
155
85

I

M

*

100

1st mort

Bklyn. Crosstownlst mort. bonds.

1st
'—

100
100
mort.
*

,1.vv.

1,000
rj.rnv.—otK

Lonsol. mort. bonds

100

Bonds

1,000

—y “

1st mort., consol...

Scrip

Eighth Av.—Stock..
Scrip
42d & Gr’nd St.F’ry—Stk
1st mort

Houst.W.St.&P.F’y—Stk
1st mort
Second Av.—Stock
3d mort

100

1st mort

Twenty-third St,—Stock.
’

This column

100
500
100

1,000

uiul'b

mort

1,000

100

Third Av.—Stock
1st

100
500*c.
100
100
100
100

i;ooo
1,000

Consol
Sixth Av.—Stock
1st

100

1,000

mrist’pli’r&lOth St—j

1,00.0
100

1,000
snows




900,000,J. * J.

41
10
88
91
101

Central—7s

England—6s..

7s
N. Mexico * So. Pac,—7s

Pueblo & Ark.

110
135
120
100
57
57
120

last dlvidond on stocks, but

.,

,

X

**

*

40

i 12

126
125
225

6a

Fitchburg

1

Street.]
Ask.

Bid.

87 V

Gulf

Preferred

80
38

Iowa Falls & Sioux City.
Kan. C. Springf. & Mem.

Little Itock & Ft. Smith.
Louisiana* Mo. River..
Preferred
Maine Central
Manchester* Lawrence.

Old Colony
.'...i
Portland Saco * Portsm.

Rutland—Preferred

265*'
282
123
106
120
90
160
83
106
100
140
110

96
108
156
110
96
105

25k

Worcester* Nashua

1st preferred
2d preferred
Delaware* Bound Brook
East Pennsylvania
Elmira & Williamsport..

Preferred....
Preferred

Lehigh Valley
Preferred
Little Schnylkill
Mineliill & Sell. Haven...
Nesr
iquehoning Valley....
Nor[•folk & West’n—Com.

Preferred
Northern Central....

144

1«

West
West

116k

Schuylkill Nav., pref...

Jersey
Jersey * Atlantic..

CANAL STOCKS.

35
38 k
18
61
50
125

15
50
49
122

113k
190

101k
106
••

54

10
60 k

61

521-j

52 k

57 7,
49

68

*4

Shamokiu V. & IVtts.—7s
Shcn. Val.—1st, 7s, 1909
Gen’l 6s, 1921Income, 6s, 1923
Income, 5s, 1914....----

90

S9k 100
80
123 k
122 k1

|

120k
121

102k'
|

I

99 k

111k

118

33

38

95k

96

118k. 119

*120

Sunbury & Erife-lst, 7s.

96
69

W.—1st, 5s

Sunb. II az. &

2d, 68,1938

Syr.Gen.* Corn.—1st. 7s.

103

i'05*

77

Titusy.—1st, 7s.

United N. J.-Cons.bs, 94
Cons. 6s, gold, 1901....
Cons. 6s, gold, 1908....
-

old, 1923...-

Cons. 6s, 1909....---W. Jersey & Atl.—1st,bs,C.
Western Penn—6s,coup.

6s, P. B., 1896

....... —

Gen., 7s, coup.. 1901
CANAL BONDS.
Ches. & Del.—1st, 68,1886

Leliigli Nav.—bs.ieg., 84.
Mort. RR„ reg., 1897
Cons., 7s, reg., 1911---

Pennsylv.—bs, cp., 1910..
Schuylk. Nav.—1st,6s,rg.
2d, 6s, reg., 1907

100*4
114

116

114
113
106
106 k
103

106k

81k
lU5k
114 k
117
118k
85

103 k

i'04"

78

80

BALTIMORE.
RAfLR’D STOCKS. Par
Atlauta & Charlotte...
Baltimore & Ohio
100
1st pref
2d pref

50

65 k

160

174
135
125

9

50

*

50
50

Maryland

50

14

15 k

Western

To*

RAILROAD BONDS.
Atlanta & Chari.—1st
Inc

108 k 109

197

Balt.&Ohio—6s,/85 A.&O
Cen. Ohio.—6s, lst.M.&S.

3
107

11

Chari. Col. * Aug.—1st..
2d
Cin. Wash. & Balt—lets.
2ds
3ds
Columbia* Green v.—lsts
2ds

11

45

No.Central—6s, ’85, J.&J.

6s, 1900, A. & O
6s, gold. 1900. J.&J
5s, Series A
os, Series B

117k

Pittsb.&Con’ells.—7sJ *J
Union RR.—1st, gua.J*J
Canton endorsed

102 k
:o3

Virginia & Teim.—5s
117

95k

Per share.

85

oik

108
92
97 k
63
30
95
97
57 k 58 k
102

107

88 k
97
62 k

116k
116
102 k
100
122

121

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

107k

Md.—6s,‘ lsV, 'g.V J.&J.

t In default.

116k

115

8s
W.

Wil. & Wemou—Gold, 7s.
r

134k
122
60
59
102 k 103
122
127
107

106

Cons. 6s, 1921
1st. Tr. 6s, 1922

Ex-dividend.

Pitts. Cin. &St.L.
<s—
Pitts. Titus. & B.—7s,cp.

02
Parkersburg Br
51k Central Ohio—Com

.

Allogh. Val.—7 3-10s, ’96
7s, E. ext., 1910
Inc. 7s, end., coup., ’94
Ashtab. & Pittsb.—1st,6s
1 st, 6s, reg., 1908
Belvid’e Del.—lst,6s,1902
2d, 6s, 1885
3d, 6s. 1887
Bell’s Gap—1st, 7s, 1893.
1st, Hs, 1905
CoiiroI., 6s, 1913
Buff. X.Y.& Phil.—1st,6s
2d, 7s, 1908

*

Scrip,
Conv., 7s, R. C., 1893-*
Conv. 7s, cp.off, Jan., 80
Pliil.Wil.* Balt.—4s,tr.ct

..

40

120

85 88

1st, 7s, 1899

Pennsylvania

RAILROAD BONDS.

260
117
151

aAj.

Conv.
Scrip,
Debenture coup.,

Gen., 4s,

3:j4

82

C'|uq7

Union &

3k

112

114
2d, 7s, coup., *-893.
Cons., 7s, reg., i9Il -~- § 117 k
!H7k
Cons., 7s, coup., 1911105
Cons., 6S, g., 1-K
Imp., 6s, g., coup., 1897
71k
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908 ...
49k
Income, 7s, coup., >896
39 k
Cons. 5s, 1st ser.,c.,l 922
Cons. 5s, 2d
ser-.c;» 1933

bs,1905
Consol., 6s, 1905..

38 k

Leliigli Navigation

N.y—1st
1910..

Phil. & R.—1st,bs,

Tex. & Pac.—1st,

10 k

108 k
114

104

Pref

Philadelphia* Erie.

Phi la. Ger. & Norristown
Phila. Newtown & N.Y..
Pliila. & Reading
Phila. Wilm. & Balt
Pittsb. Cin.& St. L.—Com.
United N. J. Companies..

105k

17 k

120

Plnl.&Erie—2d.7s,cp., 88
Cons., 6s, 1920
Cons., 5s, 19-9-

Warren & F.—1st, 7s, 96
West Chester—Cons. , s..
Wr. J ersey—1st, bs, cp., 9b

61
51

Pennsylvania

143
121
137
116
193

date of maturity of bonds.

10 :*s

10
llo
Jbo

PHILADELPHIA.
RAILROAD STOCKS, t
Allegheny Valley
Ashtabula * Pittsburg..
Preferred
Bell’s Gap
Buffalo N.Y. * Phil
Preferred
Camden * Atlantic
Preferred
Catawissa

Pennsylvania

105
265

84
10

17

Westchester—Cons. pref.

115
302
113
185
113

144

10k

Preferred

112k

.

*

69

North

-

V

9

IO"

Summit Branch
Vermont & Mass

111
171
105
220
112
165
112
167
160

-

17

Huntingd’u & Broad Top

210

,

99

120

117k

Porkiomen—1 st, Os.cp. 87

188Vn**i«Q3*'i

98

i

Wisconsin Central
130
90
110
120

109 k

17V

Marquette.

Preferred
Fort Scott &

-j 108

48

109k

122
125
‘99

Phila. Newt. &

pref.j 3

115

iuc.,6s, 1933..

Oil City*Chic.—1st, bs..
Oil Creek—1st, bs, coup..

— -

75 k

Flint & Pere

Y.Phil.* Nor.—1st, bs

Pounsylv.—Gen., bs, reg.
8
Gen., 6s, cp., 1910..-..167 k
Cous., 6s, reg., 190o....
107
Cons., 6s, coup., 190o...
166 k
Cons., 5s, reg., 191J170*' Pa. & N. Y. C.-7s, 189b.
106'*
7,1906
---------VJ7
75

Chic. & West Michigan..
Cinu. Sandusky & Cleve.

reg..----

76 k

76k

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

6s,

Norfolk & WTe8t.-Gen.,bs
X. R. Div., 1st, bs. 1932
98

Eastern, Mass

Cons. 5s, 1895...-------I tliaca* Ath.—1st, glib ,7s

Leh.V.—l8t,6s,C.*R.» 98
2d, 7s, reg., 1910 ......
Cons, bs, C.& R-, 1923..
91'k N. O. Pac.—1st, bs, 1920.
ioik; No. Peun.—1st, 6s, cp., 8o
118k
2d, 7s, cp. 1896
Gen., 7s, 1903

118 k

Val.—7s..

Lansing* No.,

perpetual. v -------- bs, 1883-

Debenture

STOCKS.
Atchison & Topeka
Atlantic & Pacific
Boston & Albany

Det.

5s,

41k
10 k

Ogdensb.& L.Cli.—Con.Gs

i
Mexican Central...
Nashua & Lowell
,
N. Y. & New England ...
Northern of N. Hampsh.
Norwich & Worcester...i

Jan., 1888'J05
Nov.
’841162
500,000 Q.—F. 2
600,000; Q.—J. lk Oct. 1, ’841150
Nov..19221110
250.000 M.&N. 6
Oct, 1, ’841141
1,800,000 Q.—J. 2
7
1,200,000 J. & D.
,Dec., 1902|119
’84|l32
650,000 Q.—F. lk Nov.
7
Oct,, 1898'] 10
O.
250,000 A.*
1,200,000 Q.—F. •2 k Nov. ’841190
June
’931114
900,000 J. & D. 7
Feb., 1914 101
1,200,000 F.& A. 6
’84 240
1,000,0001 Q.—J. 2 k'Gct.
l.OOO.OOO! F * A. 6 Feb., 1914 104
4
’8
4 245
Oct.,
748,000 Q—F.
April ’93 112
236,000 A.&O. 7
Nov., ’84 146
250,000! Q.-F. 2
J uly,
’94 111
600,000 J. & J. 7
July, ’84 133
1,962,000 J. & J. 5
April ’85 100 k
150,000'A. *0. 7
May, ’88 105
L,050,000; M.&N. 7
5
N..\\, ’84 160
1,500,000 M.& S.
Inly, ’90 110
500,000 J. * J. 7
Nov., ’84 295
2,000,000 Q.—F. 6
Jan., ’90 111
2,0009)00 J. * J. 7
Aug., ’84 178
600,000 F.& A. 4
7
May, ’93 110
250,000 M.&N.

100
100

§99*4

Tiicnitift

N. Y. & N.

Easton&Amb’y—os, 19-0
El.&Wmsp’t-l st,6s, 1910

i'19” 120*’ [H.&B.T.—1st, 7s, g., 1890

S.p’d & Mem.—6s

Mexican

;

104k

107k 108

st, 7s, 1888

East

§160

175
108
155

90
£0
50
110
120
120
210

’841 24
34 J uly,
July, 1900 109
Oct, 1, ’84;109k
June,19041104
’841216
Nov.
Jan., 1S02108
'841160
Oct.,

700,000, J. & J. 7
100 2,100,0001 Q.-J. 2
1,000 1,500,000! J. &D. 5
10 2,000,000! Q.-F. 3k
800,000!J. & T. 5
1,000
100
200,000 A.&O. 4
400,000'J. & J. 7
1,000
1,000

jI Del. &Penn.—1
Bound Br.-lst,7s

112

[Quotations by H. L. Grant, Broker, 145 Broadway.]
1st mort.
ir’dway &
1st mort.

K. City

Metropolitan

I

§10

H arrisb’g—1 st,

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

125

V

Amount.! Period ' 5$

106
83 k

Mort,, 6s, 1889...------Cam. & Atl.—1st,7s,g., 93
2d, 6s, 1904
Cons., 6 p.C-.-- —•••;;•
[Cam. & Burl. Co.—6s, 97.
; Catawissa-1st, 7 a,con. c.
Chat. M., 10s, 1888
| New 7 s, reg. & coup - ~ ;Connoct’g 6s, cp., 1J00-04
Cor.Cowan* Aut., deb. bs,
Delaware- Os, rg.& cp.,V.

18
115 k 116
116

East’rn, Mass.—6s, new..
Fort Scott & Gulf—7s

Marq. Hough t’n & Onton.'

Date.

Cam. *

iYs”

Nebraska, 6s. Exempt
Nebraska, 6s.Non-ex’pt
Nebraska, 4s

110
215
130
112
260
67
111

100
205

25 2,000,000 Var’s I 5
|N’r 10,’84 12
87
Julv 1, ’84
20
Var’s '3
259,000 A. & O. ' 3 k S g F., ’99 107
1,000
50 2,000,000 F.& A 3
|Aug. 1/84 1 5
20 I
756,000 J. & J. 7k July 1, ’84 135
l *
Inpt
5
Oct. m
50 :4,000,000 Var’s
3, ’84 255
100 12,500,000 F.* A. 5
Oct.l4,’84|227
107
1902
700,000 F.& A. 3 1
1,000
2 k Oct.10,’84 120
100 3,500,000 Quar.
104
1902
1 000
M.*N. 3
2
25 ; 1.000,000 Var’s
Sept, 1/84 115
Var’s
700,000 M.&N. 2ia Nov.1,’84 88
100 ■4,000,000; M.&N. 5 I XT) v. 1/84 155
10 11,000.000 J. & J. 3
(Dec.15/84 80
1,000 ! 400,000 M.&N. 3 V Nov. 1/84 104
97
3
I
Oct. 1, ’84
Var’s I
100,000 J. & J.
50 1,000,000; Quar.
2ia Oct, 20’84 135
106
1900
1,000 !1,000,000 A.& O. 3 ;
3
100 l.OOO.OOOj
July 1, ’84 94
5
Ocr.3, ’84 205
100 3,000,000; Var’s
106
1888
1,000 ; 750.000IM.&N. 3*2
Oct, 15/84 153
3
100 13,000,000
107
1900
I 300.000; j. & j. 6
94
100 2.000.0001
102
1900
1.000 ! 1,000,000 A. &0. 6
:

People’s (Bklyn.)

150
110
150
180
170
145
120
125
80
235
245
80
100
108
85
70

140
100
140
170
160
135
110
120
50
230
235
75
90
103
75

..

Buff.Pitts.* W.-Gen.,6s
Amboy—6s, c., 89

122
§113

Topeka—1st, 7s.

Atch. &

Ask.

Bid.

Railroad Htockg and Ronds.
[Gas Quotations by Geo. n. Pkextiss & Co., Brokers, 49 Wall
City

Gns and

BOSTON.

PRICE.

PRICE.

Ask

Bid.

SECURITIES.

Ask.

Bid.

SECURITIES.

St.]

Philadelphia and Baltimore.

1

New York Local Securities.

COMPANIES.

703

THE CHRONICLE.

20, 1884.1

December

108
117

§ Last price this week.

704

THE
RAILROAD
Latest

Roads.
Week

KL.RCk&FtSmih

or

1884.
*

Ala.Gt.Southern, November.

122.041

Atcb. T.<fc S.Fe
October... 1,742,0G0
Atlantic & Pac. (October...
150,000
Boat. H. T. A W.jl.<t wk 1 >ec
8,414

Bur.Ced.R.&No.j tstwk Dec

New York

EARNINGS.

Earnings Reported.

Mo

CHRONICLE.

73,770

1883.
*

108,838

$

Average Amount of—

1883.

I

1,007.761

Banks.

Discounts.

1,519,834 13,594,879 13,060,427
7,045
60,956

410.461

2,581.784'

310.712
2,6,5.521

Chicago & Alton 2d wk Dec.

175,033
200,012 8,336,638! 8,453.570
!url. & Q.
Chic. Burl.
Q. October... 2,683,597 2,742,480 21,189,422(21,370,677
Chic.& East. Ill. ,1st wk Dec
40,226
42,042 l,459.544j. 1,559,469
Chic. Mil.& St.P.;2(t wk Dec.j
510,000
511,315 22,307,000:22,535,069
Chic. & North w., 2d wk Dec.
448,878
411.711 22,381,578 24,16’ ,121
Ch.St.P.Min.&O.;2d wk Dec.| 112,300 116,700 5,558.798! 5,311,103
Chic. & W. Mich. : st wk Dec
22,703
25,618 1,397,8321 1,456,453
Cin.Ind.St.L.&C'. 1st wk Dec
46.340
40.11O 2.270,710! 2,345,539
Cln. N. O. & T. P.lNovember
2 25.268
234.425 2,362,710! 2.361.508
Cln.Wash.&Balt. 2d wk Nov
30,289
36.384 1,531,698! 1,687.788
Clev.Akron&Col 1 st wk Dec
8.106
451.707
8,121
498.169
Clev.Col.C.& Ind October
350,r, 06
398,024 3,119,117! 3,G13,056
Comiotton Val.. September
29,174
32,782
Danbury & Nor. September
21,600
16,725
158,5961
157.316
Denver & Rio Gr. 2d wk Dec.
04,057
130,901 5,708,2 38| 6,578,758
..

7,793
19,054

21,709
323.097
412,289
16.008

43,774
26,619
36.273

266,231
340.452

Gr.BayW.&St.P. lstwk Dec

7,761

Gulf Col. (feSanFe N »vember.

158,052

Houa.E.&W.Tex
Ill. Cent. (Ill.)...
Do
(Iowa)
Ind. Bloom.& W.
Ft.8.& Gulf
Kan. C. 8p & M.

October...
1st wk Dec
1st wk Dec
lht wk Dec
4tli wkNov

23,830
287,000

4th wkNov

34,717
15,043
14(5,0"0
76,828

Kentucky CentT 1st wk Dec
Lake Erie A W.. September

October...
L.Rk.M.Riv.&T. October...

Long Island
La.

&

2d wk Dec.

Mo. River Inly

..

Louisv.&Nashv. 2d wk Dec.
Mar.Hough.A O. 4th wkNov
Memph. & Chari. October...
Mexican Cent... 2d wk Dec.
Mex.Nat., NoD</ 4th wkNov
Southern Div.jltli wkNov
Other lines c.. 4th wkNov
Milwaukee & No 2d wk Dec.
Mil. L.Sh.&West. 2d wk Dec.

40.200
55,077
57,62-

42,615
41,007
50.200

300,050
6,600
120,245
70,000
11,608
17,576
3,100
0,340
21,125
171,716

"*7,993
25,031
21,399
330.178
455.593
17.086

48,913
27.841

43,391
337,319

332.379;

318,21

i

1,259,267 j 1,503,574
8 12,621

j

710,513;
2,121,777

1,029.870
3.070,06 7
3,359, *'65
687,546
2,402,155

003,843
433,418
1,995.039

35.5,627
2, ^62.007

3,020 977'
3,236,639

881,551

387,433 16,067,042 18,057.203
305,181
9,555
384.050
236,025 1,620.247 1,928.817
37,428
218,316
266,337
276,796 9,605,240 10,294,856
39,750 1,591,1 IS 1,006,106
55,0 -.0 2,501.097 2,770,770
49,583 2,180,6 44 1,792,314
15.113
148,374

1,050,171
865,618

63,022

432,001

49,518
39,682

270,092

52.10"
302.475

15,598
139,153

4*2 6", 26 2

2,797.707
597,531

9,300

10,450

1,057,850

Legal
Tenders.

$

$

$

New York
Manhattan Co
Merchants’
Mechanics’
Union
America

Phenix

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

2.825.100

23 .',300
339,800
182,900
1,322,000
507,000
3,203,000, 1,935,000
6.095.300; 2,881,"00
1,198,700
627.400

2,306.'-00

Pacific

2,072,600
4.734.700
3.271.200
1.379.400
3,056,500
7,841,500

Republic
Chatham

Peoples’
...

278,000(

281;500!

1,362,400
6.13r,6()0

305,600
89 i,700

239.200

240,"00
92,500
321.300

1,439,300
733.800)
223,100
153.300
2,130.900
477.300

465,100
162,4 00
516.300
770,000
562.300
414.300

103.900

2,751,800
2.126.100
2,757,000
4,705,300

507.700
30.600

272.400
472,50"
370.100
679,000
440,000
787.200
480,000

260,000
25-,300
3.792.100 1,518,800
Oriental
100,000
1.879.200
Importers’A Trad. 16.914,900, 6,400,5001
Park
j 16.354,200, 4,197,300
North River
20,000
1,63:1,000'
East River
i
1,032,100
134.700
Fourth National..! 12,452,000! 6,365,400
Central National.. j
6,806,000 1,731,000
Second National..
453,000
1,935,000
Ninth National...!
4.252.400 1,189,000
First National....
10,021,800 4,149,500
Third National
959.600
4,618.601)
N. V. Nat. Excli..
1.246.200
279,300
311.900
1.945.400
Bowery
N. Y. County
1,934.900
248,800
German- Amerie’n.
508.700
2.709.100
Chase National...
472,000
3,18»,500
Fifth Avenue
892.900
2,399,700
German ExclTnge.
108.000
1,6 47,500
Germania
259,000
1.910.200
United States
696,000
3,028,500

459,188
1,023,480

Minn. & St. Louis 'October...
151.576
1,497.029 1,308.435
Mobile & Ohio
j November.
280 032
255, <00
1,877.413 1,977.306
Nash. Ch.A Sfc.L.]November.
196,0 H
205.660 2,161.170 2,118 805
N.O.A Northeast November
01,124
39,362
430,7 71
110,987
N.Y. & Nesv Eng October..
306,002
365,877 2.757.140 3,101,743
N.Y.L. Erie AW. (/October. ..(1,511,159 1,093.468 13,907,571117,252.80 i
N. Y. Pa. A O. October...
52 t ,408
628,039 4,6 70,3' >0 5,734,192
N.Y.Susq.AWest (x tober..
00,049
94,043
8 13,049
840,249
N. Y. Out. AW..
170,300
170.310
Norfolk A West, [lstwk Dee
69,412
66,168 2,517.048 2,630,549
Shenaudoah V lstwk Dee
12,107
10.610
696,148
811,012
Northern Centr’l October...
510,795
590,749 4,60 4,804 5,142,885
Northern Pacific 2d wk Dec
108.781
104,100
Ohio Central
2d wk Dee.
15,070
17,057 1,056,793 1.038,399
Ohio A Miss
2d wk No\.
82,2 45
08,051 3,569,452 3,999.78 1
Ohio Southern
November
48,333
32,656
421,886
323,383

1,425,500

The

1.127.400

281.900
73,100
113,0)0

2.413.400

314.600

292.506
592,000
299,300

"2,600
593,200

29,500
813,901
900,00)
854,001

6,703,000

199.300

681,400

30,5u0

17,302,800
4,852,800

732.300

2,002,200

578,600; 1,325,300

1,00!,800

1.100

254.000

864,000
911,300
2,041,000
1,140,400
4.051,000
12,104,000

225,800

820,000

Total

343,600

8,541,000

133.0"0)

2.396.200
2.130.100

Lincoln
Gartield
Fifth National
B’k of the Metrop..

8,005,400

2,117,000

2,575,000

Nicholas

450,000

685.000! 14,250.6001
216,200,
1.980.600
181,500
1.665.300
990,7 00' 18,414,000
900,000!
2,692,100
424,800! 3.439.300
259.400
1,081,000

Irving
Metropolitan

St.

$

10.812,000
8,813.000

271.700

9,"35,000

Citizens’
Nassau
Market
Shoe A Leather..
Corn Exchange ...
Continental

tion.

813,700!
298,700! 3.799.300
4,094,000) 1,2 4 7,600; 12.288.200

17.103.700
5.603.200
6.303.700

569,000
855,000
1,298.000:

2,402,5'»0|

12,625,000

Mercantile

Nortli America
Hanover

2,4S8.000i

Circula¬

other
than U. S.

2,207.000; 1,343,000

957,800
2,598,600

Broadway

Net Deposits

10.U7.000
7.035,000
6,077,800
7,912,000
4.4 36,000
1O.465.S00
2,577,000
7.510.400
2.203.200
1.205.100
14.526.700
2.670.700
4,071,500
1.681,000
730.000
817.709

4,88 4.500
3.635.600
1,688.000
3.250.600
8,705.000

423,001
45,001
5,40(

360,00
325,50

2,730,000
3.339,900
2,401.400
2,624,700
1.977.200
2,977.000

265,000

435,0()d
442,000

3.859.200

2.370,700
2.293 200
154,000

161.500

1.329,600
1,758.000
319.000
576.100
824.300
909.200
173.100
230.500
378,700
147.100
255.300
173,6)10 I
433.000

...

795,533

311,103
2,682,633 2,634.694
361,759
353.5 12
12,071.532 13,490.501
870.800
801,280
1,106,305
904,438
705,110
237,605
490,819

Specie.

002.834

...

23,650

Loans an/i

*

Canadian Pacificj2d wk Dec.
100.000
66.000 5,662.720 5,120.688
Central Iowa
4tb wkNov
20,6s4
30,122 1,300,454; 1,198,866'
Central Pacific.. (November. 1,797.000 2,104.639
20,463,131 22,875.062
70.56 4
Chesap. & Ohio '1st wk Dec
70.985 3,312,504' 3,n7J,393
Eliz.JLex.&H.S.;ist wk Dec
12.475
14,G58
708.820|
674,019
Clies. O. & S.W... 1st wk Dec
3G,0 26
28,592 1,273.922' 1,2.24.836

Denv. & R. G. W. 2d wk Dec.
Des Mo. <fc Ft. D. lstwk Dec
Det.Lans’g& No. 1st wk Dec
Dub.&SiouxCity 1st wk Dec
Eastern
October...
E.Teun.Va.&Ga. October...
Evansv. <fe T. H
lstwk Dec
Flint & P. Maro. 1st wk Dec
Flor.R’way
ty <fe N. lstwk Dec
Ft.Worth
Den. November
Gal.Har.A S.An. September
Grand Trunk... Wk Dec. 6

City Banks.—The following statement shows the
City for the

condition of the Associated Banks of New York
week ending Decern her 13:

Jan. 1 to Latest Date.

1884.

| Vol. XXXIX.

5,4 56,300
1,955,000

62,100

22,4 91,300
21.294.300
1,529,000
880,700
16.271.300
8,742,000
2,332,000
4,976,009
17,197,900

1,340,100

1.213.100

180,000
225,000

300,000
297,000
45,000
45,000

449,900

2,020,900
2,302,900
2,623,500

180,000

3,532,600
2,730,COO
2,193,100
2,315,000
3,235.200
1,629,800

145,800
239.000
150,600
203,490
185.400
011,200

45,000
22 4* 500

45,000
,,

180,000
44,100

5)27,700

177,800
135,000

1,144,090

3,297,100

290,225,900(86,012,300 38,948,400 330,954,000111.642,600

following

totals for several weeks past:

are

..

1884.

115,593
131.310
280.821
382.242 2,504,893 2,973,369
Pennsylvania... October... 4,447,547 4,875,348 40,846.646 42,760.255

Peoria Dec.AEv 1 st wk Dee
13.4101
15,046
715.264
673 351
Phila. A Erie ...;October...
301.027! 432,139 3,052,733 3,474,875
Phila.A Read’g/i October... 2,0-10,541 3.531.436 21.093,975 2 4,347.640
Do
C. A Iron October... 1,720.623 1,873,592 13.740,574
14,212,445
Bichm’d ADanv. November.
371,27 6
363,704 3,507,014) 3,510,512
Ch. Col.A Aug. November.
84,773
82,021
603,650
750,99
Columbia A Gr. November.
89,548
70,158
606,311!
672,327
Georgia Pac.. November.
72.406
!
51,101
Va. Midland.
November
147.046
122,715
1,474,4*5 j
West. No. Car November.
4<>,2 L 9
36,132
402,876
318,253
Rock. A Pittsb’g 2d wk Dec.
23.407
20,116 1,008,867
622,093
Rome Wat.A Og September
184,786
172,848 1,257.092 1,222.288
SLJohnsb.AL.C September
3 1.080
214.646
30,048
207,v>3l
Bt.L.AltonAT.H lstwk Dee
22,7.'0
31.804 1,223,380 1,379.715
Do
(brehs.) 1st wk Dec
13,473
15.368
692,990
773,727
Bt. L. Ft. S. A W l st wk Dec
10,02 51
456 592
9,3 20
255.75 i
Bt.L.ASan Frau. 1-2d wk Dec.
85,200
95,400! 4,452,7" 1 3,675.592
Bt.PaulA Dul’th 2d wk Dec.
19.647! 1.261.387 1,279,4 »9
27,078;
Bt.P.Min.A Man. Novembc
84 5.514
878,255
7.449,094 7,695,120
South Carolina
October.
146.294
157,351
969.261
1,07 3,‘80
So.Pac.Cal .N D. Scptemhci
i .069,0 17
15o,Oil
127,374
06",3 i 5
Do So. Div. i. Septembei
331.052
338,7 17 2,674.620 3,114,361
Do Arizona.?'. Septembei'
£0 i.428
148,691
1,363,167 1,8^ 7,6 l 7
Do N. Mex.i. September
70 504
5 10.7 1 7
63,302
* 02,18"
Texas A N. Orl’s. September
< 0, US
107.074,
610.917
83", 165
Louisiana W'n. September
35,053
62,909
320.251
413,104
Tex.A St. LouisJ]4tliwk N. v
28,356
20,823 j
014,670
Tol. A. A. AN.M (October...
10.211'
24,570
103.103
160,oVj
Union Pacific...'October... 2.661,716 2,018.058 21,032.3 0
23,767,858
Utah Central.
October...
112.301
868,513'
116,12
073.009
Vlcksb’rgAMer. November.!
4 41,8*57
54,037
50,009
460.697
Vioksb.Sh.APac. November.
21.4 15
55,133;
119.3 43
236,116.
Wab. St. L. A 1*. 1st wk Dee
371.000, 370,81 *
West Jersey
02,960
O, tuber. ..j
88,232 1,153*6*721 1.0*7*1**156
Wisconsin CentT 1st wk Dec'
31,7191
27,950 1,337,854) 1,356,891
.

1,5*67.749

.

..

*

Not

including I't.ib lines after .Tilly 1.
d Corpus Christi to Saitiilo, 397 miles; up to May
embraced only
236 miles, Laredo to Saltillo.
« Only
136 miles now, but prior
to May represented 297 miles.
g Not including earnings of New York
Penn. A Ohio road.
h Not including Central New Jersey in either
year prior to June 1.
i Included in Central Paoittc earnings above.
i Embracing Hues m Missouri, Arkansas and Texas.




Specie.

L. Tenders.]

Deposits.

$

$

$

!

$

\Oirculation1 Agg. Clear'gs
!

N’v 29 285,514.600 85,273,200
Dec. 6 288,044.sot) 80,494,600

$

$

•

38,150,300 325,825,300! 11,643.400 459,294.007
58,270,400-329,8.0,200 11.587,200 580,370,418
131200,225,900]sp,042.000 38,948,400(330.954,001)111,642,000 5.58,994,372

“

Boston Banks.—Following

(October...

Oregon A Cal... October...
Oregon Imp. Co September

Loans.

1884.

are

the totals of the Boston banks:

Loans.

Specie.

L, Tenders.

$

$

$

N’v 29 143,352,600
D’c. 6 144,453,200
“
13 144,9 35,900

7.326.800
7,450,000
7.547.800

Deposits."
$

7,103,300

93,711,900

Circulation^, Agg. Clear’g$

23.137,8001

6,841,400 99,8 89,200 -.'3,020,8 !()
6,055,400 101.083,000 23.0b6,40o|

54,078,492
74,428,562
71,926,013

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

follows:

1884.

! Lawful Money.

Loans'

$
Nov. 29
Dec.
6
13
“

*

Deposits.*

$

$

$

!

23,349,500

71,201,577

73,004,417 i

23,363,299

70.562.385

7,921,455
7,902,593
7.877,257

72,002,524

73,203,638 1 23,339,942
70,910,190
including the Item “due to other banks.”

Unlisted

Securities.—Following

are

week past:
Securities.

A sk.

Bid.

Am. Bank Note Co
Atlantic A Pac.—Stock....
West. Div, lstmort
Cent. Div
1st., new

18U
7 r’s

paid

..

..

7:h

Jl. A K.—Now stock

Gill
Dost. li.T.A West.—St’cf
Debentures
Butf.- N. V. A Plula
Jhef
Gent, of X. J.— Oebeiit
Continental Const.I mp.Co
Denv. A Bio Grande—Con5s
Denv.A Rio Gr. W
Den. R. G. A W., bt 51..
G uar. by D. A K. (i
Edison Electric Light
..

..

Georgia Pac.—•■stock
1 st. morr., 6s
2d mort

-

Keely 51otor
Louisv. A X.—AdJ. bond.Mexican National
Prof
1st mort
Mut.Un —St’ok trust otl>
Mo. Pacific—Old stock...
M. K. AT.—1 ncniiiis scrip.
N. Y. 51. U11. Tel.—Stock
N. Y. W. Sh. A B.—stock

8
1 •)

80
8

(New Jersey A N.Y.— Pro*
Ohio Cent.—Riv. Div., 1st

!5b

lb’s

13

j

15
42

j

4D4
20
5

1st limit

l
5
IS

settlement, 6s
St. Joseph A Western
I St. Jo. A Pac., 1st mort.
2d 1110:t......
(
i Kans. A Neb., 1st inert.
!
2d mort
Texas A Pac.—Scrip lc84.
—

6

35
05
10
"0 b
35
3

Vi

75

j Uhl scrip

13
3‘2
.

;

i

67

ji

.....

30

40
48

3

4

2

55

.

.

-

•

• •

30
78
O

25
.....

3
‘27 V»
8

53\

55

90
3 0
88
30
80
30

33
39
31

sci i])

Tex. A ST. Louis—
51. A iV. Div., ass’t

5

10

New

*a

18

State of Tcnn.—Sot’m’t.3s

11

Ask.

77
6 hi

Incomes
4 5
Pensacola A Atlantic
:
95
1st mort
8
Pittsburg A Western
!
1st inert
•V Postal Telegraph— Stock.
! l.it mo11., 6s
7
54
Postal Tel.A Cable—stock
Soul hern Tei.—Stock
9

42

42.414 609

Bid.

!

Bank.A5Ierch.Tel.—1st 51
Gen. limi t

$

35,363.24 9
52,146,702

latest quotations for a

Securities.

66

,

1st 111011., ass’t

Clear'gt

North. Pac.—Div. bonds..
North Riv. Cons.—100 p.c

8U

B’klyn Kiev.—Ass’t pd

Bo>t

Circulation. Agg.

pd...
51. A A. Div., 1st mort..

0s, 1st mort., in Texas..
i G- n. 1st,ld.gr.A inc.asp.
U. S. Electric Light
iVioKsburg A Meridian..
Pref
lstmort.

mort:
j 2d
1 ncome.s

k, 1

---

24 Vi
24

18
55
1 Vi
3 Hi
80
50
11

....

4

8
55
14

1

December

THE

20, 1884.]

%uvest

m

CHRONICLE.

cut

BALANCE SHEET SEIT. 30. 1 SS4.

Cost of road

Oswego

i I

rcr a

(l

Co
Funded
bonds

Bills

Bonds

and

Pittsburg.

235,710

Um aid pay-rolls
vouchers

491.000
414.212

Oswego & Rome sink¬

79.503
47,004

Oscvego & Rome RR.

50,702

Profit and loss

on

was

$595,047

f

90.750

6,54 4
33.000
2.014

18,090—$4.52,053
‘$79,503

*’

„

47.004

50,702— 183,329

.$263,724

Long Island.
ending Sept. 30, 1881.»
s. operating expenses and
Sept. 80, In is been com-

year

piled for the Chronicle

1

Cross earnings
Opet a ling expenses

$209,1st

.

.

Deductions from income

$250,202
$90,203

years

$137,2S0

832.0m)
3o,ii3

356.* 5:-:
4:*.5oo

$1.000.932

$5 13,039

790,901

422,032

$278,908

$121,007

1,01 ',7t5

$: .0*4.93 1

$1.074,38 1

$1 99.376

$209,059

follows

as

;

Balance

79.021

73.109

237.05'*

282, Kit;
$501,631
$509,750
$100,000

$520.73*

Out of which paid for dividends l
per cent.
Ont: of which odd for
personal

$ 1 '•< >.» > ><

»

injuries,
103.545

$.'03.5*5
$1 3.152'

Surplus.
GENHKAL BALANCE

$100,000
$109,750

30.1*81.

SHEET SLIT.

Assets.

opened for business through to Funxsu-

1 8*2-81.
Cost of road and equipment
$l8.s75,530
Cost of branch lines owned and advances
made to leased lines
1.321.777
StocK and bonds of other companies'.
1.90;). 1*2 )
Dm* li\* agents
4 1.459 s
) )ue b\- ot her loads
Supplies on hand
5 5. i 01
('ash on hand
102.641

on the 30th day of September, last year: but it was
necessary to keep several ,-const ruction trains still outlie line,

as a great deal of construction work was
required to be done
after that date, in order to got the road in good
working order.
“The Cost of operating the road tin; first winter was
very

1832-83.

$13,711,771
1,319,022

.

great, owing principally to the severe weather that was experi¬
enced in that section of the country last winter, and also due
to the expense required to keep the Bulfalo Division in condi¬

tion between Ashford and Bulfalo.
“The rolling stock was found to he wholly
inadequate to do
the business offered on the line, so that additional
rolling stock
had to be purchased to the extent of
upwards of seven hundred
thousand dollars.”
The financial transactions of the year in the issue of bonds,
and the proposed plan of reorganization, were referred to in
the Chronicle at the time
they came out, and the latest plan
will be found in another column to-day.

1832-83.

$2,085,039

$558.15)0

1*82-3.

$206,498

>3-8i.

1.0 71.25)7

Interest, less income from assets.
'Faxes
Rents

*

S2.7.XVJ32

Hunters Point and Springfield accidents..

“The road

40.540

$10,493,890

hand
Due from agents
Cash on hand

488,149

18.83-f.

tawney

IS,090

ASSETS.

Material

$278,968

comparative earnings and expenses in the two
past were as follows:

2,014

Co

...

(For the

The

90,750

ing fund

payable

700,904

Which leaves a deficit of
as tin* remit of the year’s operation of the road.
There is
to bo added to this deficit tin* $70.ono
paid
in
redeeming
ear trust, certificates which matured
during the year.
The construction work durinv fhe
year upon the Buffalo &
Pittsburg Division amounted to...
and the work upon the Rochester Division amounted to...

Net earnings

and

Actual floating debt

taxes, rentals, Ac., amounted to

33,000
0,544

Unpaid dividends

$1,080,932

"Which leaves net carnlnrs for the year
The charges dining the fiscal year for interest on 1st mort.
bonds, on consol, bonds, on* iar trust certificates, ami lor

Expenses.

295.047

mortgages.

Pay-rolls and vouchers since paid
Dividends unpaid
Bonds and mortgages on purchased
property not
used for railroad purposes
Oswego Ac Rome sinking fund
Oswego Ac Rome Railroad

report, which gives the following:
Earnings for the fiscal year ending Sept. 30, 18*4:

Mail, express, Ac

10,707,390

payable

FLOATING DEPT.

{For the year ending September -30, 1SSL)
Brown, the President, 1ms issued his annual

Larr.inf/s-

102,345

debt—consol.

$5,293,900

Funded debt
Bills

$10,493,890

Mr. Walston II.

Passengers
Freight

57.42 1

se¬

Sundries....'
Materials on hand
Due from agents
Cash on hand

REPORTS.

The gross earnings were
The operating expenses were

Rome

Niog. Falls Branch RR.

The Investors’ Supplement contains a complete exhibit of the
Funded Debt of States arid Cities and oftheStocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz., February,
April,
June, August, October and December, and is furnished with¬
out extra charge to all regular subs bribers of the Chronicle.
Extra copies are sold to subscribers of the Chornicle at 50
cents each, and to others than subscribers at $1 per copy.

Rochester k

Ai

curities

intelligence.

ANNUAL

$14,979,80! (Capital stock

Oswego real estate

AND

it

705

3.355,742
8-13,84 1
67.139
98,921

$3 0,401,700

$17,457,030

.$10,009*,000
5,712,089

$10,000,009

Liabilities

Capital stock
Funded debt

Pay-r< 11s and supplies and sundry accounts
DiviOeuus unpaid
()t her liabilities

*

}
j

Rome Watertown & Ogdenshnrg.

250 190

)

574.079

1,250,000
550,527

$16,464,700

$17,457,03G

Surplus

*

5,391,019

03°^

171
3,5)07

Offset by “otherlines leased and operated.

(For the year ending Sept. 30, 1884.)
From the statement submitted to the New York Railroad

M a n Ii a11a n E1 cvat cd.

(For the year ending Sept. 30, 1884.)
Commissioners for the year ending Sept. 30, 1884, the follow¬
The following statement of the result of operations of the
ing statistics are compiled for the Chronicle :
Manhattan Elevated Railway for the fiscal year ending Sept.
Mainline: Suspension Bridge to Norwood
130,1884,
was prepared by the Auditor of the company, and the
280*0
Branches: Lewiston Junction to Lewiston
3*0
figures for 1883 have been added for comparison :
Bandy Creek to Syracuse
Rome to Richland
Watertown Junction to Cape Vincent
DeXall Junction to Ogdeusburg

44*2

41*2
24*2
19*0

418*2

Cross

earnings
Operating expenses
Interest

on

bonds, and rentals

.

18^4.

18«3.

$0,720,359

$6,380,506

3,88 4,949

3.750,828

$2,811,410

$2,629,078

4.381.713

1,38 1,080

1.170,000

$1,215,598
390,000

$289,697

$855,598

EARNINGS ANI) EXPENSES.

Gross earnings

Oper.expenses and

1882-83.

1883-81.

Increase.

$1,077,229
1,318,417

$1,099,515
1.152,749

$22,274

$358,773

$546,706

$187,992

17,010

17,010

$375,783.

$503,77 0

75.000

13,552

$300,783

$550,223

$437,903'

$522,264

$249. MO
$8 4,o 00

1.2*71

1.274

taxes.

Net

earnings
Dividends. Niagara
Brandi sleek

Fall

Paid on account Canyon
accident

Old claim
charged
profit- and loss

Balance

to

(lef.

$ 437,963

$•>23,538

$137,180

$26,684

Dee reuse.

$.

.

165.097
•*

Di 1883, $390,090 on 1st pref. stock ; in 1881, $195,000 on 1st pref.
stock for six months, 3 per cent on Metrop. spick for six months and 3
on ManhatT. consol, stock for six months,
t Items chargeable to income account.
Note.—All taxes except personal and structure taxes mo included in

$187,992
61.447

4

Balance of interest account

*

$163,865

’Only nine months’ interest paid on consol, mortgage bonds 1832-33.
Operating expenses, 07*8 per cent of earnings.

Amount of interest and rentals paid in 1883-81 (after deduct¬
ing income on securities owned)
‘
1
$505,254
Miles steel rail laid during
year i' 10.002 tons)
113*15
Petal miles steel rails Sept. 30. 1884
232*74




INCOME ACCOUNT.

Surplus Oct. 1 of previous year
Surplus for year ending Oct. 1

•

/

operating expenses.

Deduct: Balance due on 2d prefe'd.
dividend of April 1,’82
Amount due Metropolitan
Elevated Railway Co.
under
agreement
of

dcf.$214.14 0

2*5),697
29,171

855,597

$631,326

$641,451

580,053

1278,993

$361

•

July 1. 1884, for divi¬
dends prior to Oct.1,’83. 579,750Actual surplus Oct. 1
Passengers carried

$302.45 s

$101.26*

$362,453

90,702,020

92,124,9 13

THE CHRONICLE.

706

Fitchburg.
{For the year ending Sept. 30, 1884.)
•Hie annual report says: “Early in the year the New
York Central & Hudson River Railroad Company withdrew
h^r passenger and freight lines from this road. Our connect¬
ion and pleasant relations with the New York Lake Erie &
"Western and the Delaware Lackawanna & Western Railroad
companies have been continued, and a new line established in
connection with the New York West Shore & Buffalo Railroad.
Our various freight lines, running in connection with the three
roads named, are becoming well end favorably known, and are
sure to secure to us a proper share of the traffic.
We have lines
of Pullman cars, with new and first-class equipment, running
*.
Buffalo, Chicago and St. Louis through the West Shore
Railroad, and to Chicago by the Eiie. These lines are increas¬
ing in popularity, and we are happy to report that our pros¬
pects for the maintenance of an efficient through route be¬
tween the East and the West are far better than at any time
in the previous history of the road.
Notwithstanding the
embarrassments under which we have labored, the volume of
our business has largel)’’ increased ; and but for the unfortunate
war in rates, which has waged for a large part of the year just
closed, we should have shown much more favorable results.”
Statistics for four years, compiled for the Chronicle, are as
i

follows:
OI’ER ATIONS AND FISCAL RESULTS.

Operations—

1880-81.

1881-82.

1882-83.

1883-81*

190

190

190

190

Total miles opera tel

2.959,423
3,158,613
3,542,936
2,657,98 t
Passengers carried..
42,854,047 47,628.311 50,607,619 54,622,010
Passenger mileage
2,031,122
2,112,155
1.776,9(50
1,822,262
Freight (tons) moved
Fr’glit (tons) mileage 116,708,337 112,948.822 135,787,172 144,210,394
$
$
$
$
Earninqt—
901,753
897,222
816,772
780,055
Passenger
1,775,24 8
1,835,122
1,521.576
1,658,139
Freight
126 034
121,15(5
114,381
123,401
Mail, express, &e....
..

Total gross

Operating

carn’gs

expenses.

Taxes

2,561,595
3,980,115

141,327

Total

2,127,437

Net earnings

434,158

2,452,729
2,859,555
118,331

2,858,678
2,045,517
142,394

2,798,157
1,979,009

2,007,886
414,813

2.187,941
670,737

2,131,405

$
14,843

1882-83.
$
670.737

1883-84.
$

151.796

666,752

INCOME ACCOUNT.

Receipts—
Net earnings
Premiums and rents
Total income

Disbursements—
Rentals paid
Interest on debt
Other interest
Dividends
Rate of dividend....

Total disbursem’ts

1880-81.
$
131,158
94,231

1881-82.

161,000

107,000

666,752
58,500

528,392

605,813

777,737

725,252

237,811
115,000
25, DO
315,000
C)

239,572
152,500

230,DM

i 77,500

2 16.809
200.000

46,229
297,600
(6)

51.225
297.000

12,332
272,250

(6)

(5^)

692,991

735,301

755,889

4

def.104,599 def. 129,458 Mirp.21.848

Balance

731,391
def.0,139

[Vol. XXXIX.

may be satisfied at or before maturity, also the furided coupons
on same, amounting to $657,100, so the $147,426 of annual
interest now being paid on these mortgages and funded cou¬

pons, capitalized at 3*65 per cent, would produce $4,039,068,
from which deducting $2,457,100, principal of mortgages and

funded coupons, and $339,481, the difference between sinking
fund and accrued and unpaid interest on second mortgage,
there would be left, after satisfying mortgages, &c., with
money borrowed at 3*65 per cent, a balance of $1,242,484 as
additional capital without any increase in the amount of inter¬

paid.
Assuming that $1,750,000 will be required for a second
track, Baltimore to Hagerstown, or say $507,516 in addition
to the gain of $1,242,484 from capitalizing the interest now
paid at 3*65 per cent, then if this $507,516 can also be obtained
at 3*65 per cent, provision will have been made for the addi¬
tional track at an annual cost to the company of but $18,524.
Now’, as the road is virtually the property of the city, and
as the city can readily borrow the desired amount at 3‘65 per
cent, it is believed that it will be wise and judicious for it to
place the company in funds to satisfy these mortgages, and to
pay over to the company, as the work progresses, $1,242,484,
the gain from capitalization.” * * * “ Should these mortgages
be satisfied, and the second track provided for as suggested, a
new’ mortgage should
be made in favor of the city for
$4,546,584, made up of the following amounts : First, $2,457,100, principal of the first three mortgages and funded coupons;
second, $1,212,484, the difference in capitalizing the present
interest thereon ($147,426) at 6 and at 3‘65 per cent, less
$339,484; third, $507,516, the proposed new 3’65 per cent loan:
fourth, $339,484, the accrued and unpaid interest on second
mortgage, less sinking fund. With steel rails under $30 per
ton, and other supplies and labor at equally low prices, the
present would seem to be a most favorable time for doing this

est

now

“

“

work,’J

Wilmington

Columbia &

Augusta,

{For the year ending Sept. 30, 1884.)
The report says : “It is a cause of congratulation that the
day seems at hand in which the five feet gauges of the various
Southern roads will be changed to four feet eight and a half
inches, so as to-make a uniform gauge throughout the United
States.
This alteration, together with change of rolling stock,
will require, it is estimated, an outlay of about fifty thousand
dollars. It is important, as this sum w’ill be required in cash,
that it should be accumulated from the earnings and be set
aside for the emergency. There is no similar amount this com¬
pany could be called upon to invest from which it
wrould
derive a tithe of the advantage.”
EARNINGS AND EXPENSES.

1882-3.
$195,701
403.415
119,483

Farninqs from—
Passengers...
Freight
Mail, expros-s, &e...
Total earnings

Operating expenses and taxes

1883-4.

$209,292
$269,292
343,189
349,1 89

From passengers
From 1'reiulit and express
From milk and marketing
From mails
From miscellaneous sources

32,805
13,955
6,752

1882-3.

$259,740
348.580

10,193
5,643

Net

earnings...

$652,869

513,308

455,384

$205,291

$197,486

INCOME ACCOUNT.

1882-3.

Receipts—

Net earnings
Interest, dividends,

&c

Total
7 )isbursc)nents

-

The expenditures in betterments were

*

•

$665,995

$651,164

107,719

399,939

$258,215
$100,527

$254,174
$83,447

earnings as compared with 1883 show a total increase of
$11,831 ; total increase in operating expenses, $7,700 ; increase
in net earnings over 1883, $4,070.
The total increase in the
expenses for betterments was $17,079.
The track and machinery have not only been fully main¬
tained during the year, but have been very greatly improved.
The steel track was extended across the mountain and through
Washington County to within one mile of Hagerstown, the
distance covered being about
miles ; a number of iron
bridges were substituted for wood.
The report says : “Notwithstanding the general depression
in business which lias existed throughout the year, the falling
off in the traffic of nearly every railroad in the country, and
the fact that the earnings of the year with which comparison
is made were $114,015 in excess of any previous year, the
Western Maryland has not only held its own, but has slightly
increased both its gross and net earnings, which it is believed
augurs well for the results which must attend its operations
The

under

more

favorable conditions.

“

On account of the steady increase in business and in the
number of trains required for its accommodation, which is

much greater than would be necessary upon other roads with
lighter grades, it is generally felt by all who have given the
matter attention that a second track upon the Western Mary¬
land is fast becoming a prime necessity for efficient and satis¬
factory operation."’ *
*
*
How this can be accomplished is not apparent at first sight.
It so happens, however, that the present mortgages were
created w hen a higher rate of interest was current than at
present; also, that the first three mortgages of $600,000 each
“




1883-4.

$205,291

$197,486

9.903

14,834

$215,194

212,320

$97,73 4
57,600

$96,000

$155,334
$59,860

$153,600
$58,720

i...

—

Interest
Dividends (6 per cent)
Total

Balance, surplus
The operating expenses, including rental1 of
of
Ilillen Staiion and cost of operating the BalBal¬
timore & Cumberland Valley RR. were

370,236
86,688

$718,599
-

Western

Maryland.
the
year
ending
{For
September 30, 1884.)
The annual report for the year ending September 30 gives the
figures for 1883-4, to which those of 1882-3 are added for com¬
parison.

1883-1.

$19.i,945

57,600

Georgia Pacific.
{For the year ending Sept. 30, 1884.)
This company owns lines from Atlanta, Ga., to Birmingham
and Coal burg, Ala., 178 miles ; from Cane Creek, Ala., to Co¬
lumbus, Miss., 83 miles ; from Greenville, Miss., to Jackson¬
ville, 293^ miles, and from Stoneville, Miss., to Sharkey, 22%
miles, making 313 miles in all. The Mississippi lines are of o
feet gauge.
These lines are to be connected hereafter by ex¬
tensions from Coal burg to Cane Creek and from Columbus to
Jacksonville. Additions during the year wrere from Eden,
Ala., to Birmingham, 31 miles, and from Alta to Cane Creek,
18 miles.
The road is controlled by the Richmond & Danville
Company.
President Johnston's report says: “We find that, all the
circumstances considered, the financial results of the year’s
operations are gratifying. The physical condition of the road
has been carefully looked after, and is improving. The country
traversed shows great progress in enterprise and development.
A numb r of new towms have been established, and these,
along with the older cities and towns, show healthy and vigoous growth.
New mines and manufacturing establishments
are being opened
and projected, and those in existence con¬
tinue to bo operated vigorously.
The policy of encouraging
and stimulating local development has been and will be stead¬
ily pursued.
“The building of several newT branch lines will soon be
entered upon. These are short roads leading to minus about
to be opened, and they will be built upon terms favorable to
this company.”
The earnings for the year were as follows:
1883-84.
1882-83.
$547,975

Earnings.
Expenses
Net earnings
Per cent oper. expenses

7

to earnings

362,494

$185,481
66*15

171.64*
0

December 20,

THE CHRONICLE.

1884.J

The income account

given is

as

$185,481
16,503

Ohio leased line, the other 33 per cent of the
earnings of that
line being paid as rental.
The net earnings are correct, and
show the actual results to the New York Lake Erie & Western

$168,978

Company.

follows:

Net earnings

Extraordinary repairs, wasli-outs
Balance

Surplus from previous year

20,750

Total surplus

$189,728
—Railroad Gazette.

GENERAL INVESTMENT NEWS.
Buffalo New York & Philadelphia.—The President has
issued a circular to stockholders of this company in which he
says:
“The financial condition of your conipauy compelled the management
to issue its circular dated July 30, 1881, askiug the holders of its junior
securities to accept a reduction of interest for three years, beginning
August 1,1834, on the bonds which they held. The circular (copy
enclosed) set forth fully .the condition of your company; and the fund¬

ing proposition therein made to the bondholders has been generally
accepted. In order to further relieve the financial pressure it became
necessary to extend the payment of principal due on car trusts, which
extension has been practically arranged. The iloating debt of your
company lias not materially changed since the circular of July 30, aud
is about $1,500,000, which has been carried over but must bo paid on
or before February 1, 1885.
If it is provided for, the company will suc¬
ceed. If not provided for, disaster may occur. To raise this money
and save the property intact, as also to insure its future, the manage¬
ment urgently requests that the stockholders, as a measure of self pro¬
tection, subscribe and pay $2 50 pe r share on account of their holdings,
to help liquidate the floating debt.
In consideration of such payments
they will receive general mortgage bonds of the company at par.
Upon payment of tlieir subscriptions their certificates of stock will be
stamped ‘ Assenting Stock,’ and quoted as such. It is understood that
the majority of the bondholders will assent to an equitable representa¬
tion for assenting stockholders in any new company which may be
formed, should there be any failure or foreclosure from auy cause here¬
after. The increase in value of stock will doubtless repay the subscrip¬
tion.

“The share capital of the company amounts, in round numbers, to
$20,000,000, live per cent of which, or $2 50 per share, is about $1,000,000. The holders of the general mortgage bonds now outstanding have
accepted the funding plan, and the bonds which it Is now proposed to

sell to the stockholders will come under the same arrangement, placing
the assenting stockholders upon equal terms as bondholders. The
Union terminal bonds which the company own will be made available
in settling the balance of floating debt.”

Central Pacific.—The gross and not earnings
and for ten months are reported as follows :
October
1884

Gross earnings
$2,085,633
Operat’g expenses. 1,371,675
Net earnings...

Cincinnati

,

/

1833

$713,963

for October

Jan. 1 to Oct. 31.
1883
1884

.

Net
Fixed

$l,s<i7,857
1,210,015

Dec. $543,*289
Doe. 327,763

Net earnings
$341,363
Dec. $215,526
$627,842
New York & New England.—The directors have chosen
W. T, Hart for President and Messrs. Higginson, Leith, Mar¬
tin, Blake and Tower as a Finance Committee. The subject of
adjusting the financial troubles of the road has been deleg ited
to the Finance Committee, with full power to act thereon. The
Treasurer gives notice to the holders of coupons of the first

mortgage bonds that he will pay all over-due coupons
presentation at his office, No. 241 Federal Street, Boston.

payment within thirty days of two instalments of interest on
mortgage bonds, being $180,000, together with
expenses.
In default of such payment the road will be sold
within sixty days after the default. A decree was also en¬
tered against the terminal property, but none against the*
the first

River division. Kiemails News Letter says: “We are
reliably
informed that there has been actually deposited under the
Canda plan, $605,000 first mortgage bonds. $1,025,000 second

mortgage, and 18,725 shares of stock. Under the Stevens
plan there lias been deposited $723,000 first mortgage bonds
and no junior securities, but $530,000 of the $723,000 so de¬
posited was deposited under the original plan, now abandoned,
and may be withdrawn.”
—With regard to the prior decrees against the Coal Com¬
pany the attorneys, who, are foreclosing the mortgage, si id:
The facts are these: Two decrees were obtained, one against
the Mineral division of the Coal Company, commanding it to
pay into the court within thirty days $550,000.
TYis refers to
about 4,500 acres of coal lands in Perry County and Athens.
Another decree requires the payment within thirty days of
one year's interest on a $1,000,000
mortgage on 4,000 acres of
coal lands in Perry County, making about 8,500 acres in all on
“

the main line of the Ohio Central Railroad.”

Ohio &

Mississippi.—No further information of the lease of

$5,469,473

$7,783,821

and James

com¬

October.

s

—July 1 to Oct. 31, 4 mo's.—*

1883.

1834.

1883.

$241,145

$249,507

$915,764

expenses.

149,858

162,441

582,532

$936,032
572,630

earnings....

$91,287

$87,066

$363,232

$363,401

50,000

50,083

200,600

200,332

$11,287

$36,933

$163,232

$163,070

Connecticut Western.—A Hartford dispatch’ contains the

following information

: “ The total gross earnings of the year
the total operating expenses $337,488,

upon

Ohio Central.—The Central Trust Company has obtained a
decree against the Ohio Central main line which orders the

$1,139,714

4881.

Surplus

.

1884.

this road to Baltimore & Ohio has been received.

expenses

charges

$2,111,140
1,567,778

of October

12,987,502

months.

Operat’g

Month
18^3.

$2J,77i.323

and fixed charges for October,
The
earnings are from transportation only, miscellaneous income
being added to profit and loss account at end of each six

Gross earnings

Gross earnings
Working expenses

$18,666,134
13,196,656

and for four months of the fiscal year, were as below.

,

/

$2,496,091
1,356,377

Indianapolis St. Louis & Chicago.—The

parative earnings,

707

A special
meeting of the directors of the Ohio & Mississippi was held,

Sloan, Jr.,

F. Harrison Garrett

and

Edward

Higgins resigned from the directory. James Sloan was elect¬
ed to fill an unexpired term and F. P. Dimpfel and William
Morrison were elected to fill the places of Messrs. Garrett and
Higgins. An agreement has been arrived at between the
London and the Baltimore & Ohio interests, and it
that all will co-operate harmoniously in the future.
“

is believed

Oregon Pacific.—A dispatch to the Tribun°, Dec. 15, said:

The Oregon Pacific Railroad Company has almost completed
the first branch, only a few miles now separating the ends of
the track. The branch is about eighty miles long. It extends
from Corvallis, in the Willamette Valley, to Yakima Bay, on
the Pacific Ocean.
Its completion will open an important out¬
let for the entire western part of Oregon, and will give the
first through connection from the East with tidewater in

Oregon.

Surveys for the Oregon Pacific Railroad Company
the Cascade Mountains, to connect with the
leaving a deficit of $3,662. The statement of operating ex¬ Oregon Short Line of the Union Pacific, have just been com¬
penses showed that there had been paid out for repairs to road
and bridges the sum of $82,606, which are considered perma¬ pleted, and the maps have been gent to the company’s office in
New York. The Oregon Pacific will connect with the Oregon
nent improvements, and explaining the small deficit.
The Short Line at a point fifty miles east of Huntington, and at no
annual report said : ‘ We believe the property has demon¬
place will the grade exceed 110 feet to the mile. The distance
strated its self-supporting condition, and that for the future a
from Yakima City to this junction will be 425 miles.”
net result to the advantage and profit of the stockholders can
Pacific Mail SS. Co.—The directors of this company decided
be reasonably expected/ ”
to pay the company's obligation to the Panama Railroad Com¬
Fort Worth & Denver City.—The monthly report of earn¬
pany, which amounts to about $800,000 and bears 7 per cent
ings for November is as follows :
interest, but it is stated that the Panama company will insist
Gross.
Net.
upon
maintaining the present contract, which calls for pay¬
1384
$36,273
$18,979
1883
43,38L
26,878 ments by the Pacific Mail Company of $20,000 a month.
Port Jervis & Monticello.—This railroad was placed in the
Decrease
$7,103
$7,899
hands of a receiver on Saturday, Dec. 13.
The company was
Louisville & Nashville.—The announcement comes from
the office of the Louisville & Nashville Co. to the effect that recently defeated in a suit instituted by Jacob E. Idle, a former
Judge Dykethe company sold the 50,000 shares of stock in its treasury, of employe, and a verdict for $7,500 was returned.
man,
of
White
Plains,
appointed
Frederick
J.
DePeyster,
which the sale was authorized at the stockholders’ meeting on
of New YTork, as receiver.
Oct. 1. Of the $5,000,000 6 per cent 10'40 adjustment mort¬
Quincy Missouri & Pacific.—A dispatch from St. Louis says
gage bonds, $1,860,000 had been taken, the balance, $3,140,000,
remaining in the treasury. It will be remembered that the the Quincy Missouri & Pacific Railroad Company has tiled in
the United States Court an application that the receiver of the
company offered the stock at 26 and the bonds at 66, realizing,
Wabash be empowered to release them from the terms of the
therefore, about $2,500,000 in money. ’
existing lease between their road and the Wabash, on the
Nashville Chattanooga & St. Louis.—The gross and net ground that the latter has not carried out the terms of the
earnings for November and for the five months since July lease, and they desire to form an alliance with another com¬
1, in 1884 and 1883, have been as follows :
pany.
were

$333,835 and

for

a

line

across

.•

,

Xovcmber.
1884.
1883.

J-o m.July 1 to Nov. 30.—*
1884.

1883.

Rio Gramle

& Pecos.—The

property and franchise of this

railway, extending twenty-seven miles from Laredo to Santa
Operating expenses
Tomas, Texas, were Fold at auction Dec. 17 for $100,000 to
Charles B. Wright.
The s Je was by order of the trustees of
Net earnings
$32,356
$91,378
$139,830 $183,369
the mortgage and in the interest of the bondholders.
Interest ami taxes
57,024
235,812
276.361
55,373
Rochester & Pittsburg.—The circular from the second
Surplus
$25,332
$36,000
$154,038 $207,008
mortgage bondholders’ committee (Messrs. Adrian Iselin, Geo.
New York Lake Erie & Western.—The statement of gross W. Parsons, Walston H. Brown and Adrian Iselin, Jr.) is dated
and net earnings for October, the first month of the fiscal New York, Dec. 12, and states that the
parties holding second
year, is given below, and the gros3 earnings include 68 mortgage bonds as collateral security proposed to purchase
per cent of the earnings of the New York Pennsylvania & these bonds for the amount due to them, and agreed also to
Gross earnings




$196,001
113.615

$205,663
114,232

$1,015.989 $1,016,906
576,103
533,537

THE CHRONICLE.

708

subscribe .$500,000, unconditionally, to the stock, which is to
be sold according to the terms of the new agreement.
Your directors have thought it for the interest of the stock¬
“

[Vol. XXXIX.
LI AIU LIT IKS.

Bills

n:iyaM*1

In-

Jane 39,
i ss g

1 -8 1.

$'.20 ..533

$■>.7 5 {,778

30,

De¬

ere ise.

$
357. 52

crease.

$1,1-21,754

pavaino
this proposition, and have sold $1.8-»9,O00 Accounts
00.0 ii
1,90 >.990
1,9< 9, .72
P-iy-rolls and vo ichors...
second mortgage bonds, with August coupons on, for $G98,23b, Dividends nupui l
79,303
83,881
4,518
535.532
740,000
1,270.18 >
this being the amount of the loans, with interest to Dec. 12, Roup’s due and unpaid
32 090
32.no )
Called b aids
which they secured.
“The following is the substance of the agreement:
Totals
$13,110,02 ) $L1,219,815
$1,309,205
The new company is to have a capital of $5,000,000 common stock:
ASSKTS.
$4,000,000 first preferred stock; $3,Oi >0,000 second preferred stock
$1,192,070
$525,237 $
$300,833
Both the first and second preferred stock to he entitled to 0 per cent Cash.
2.072,353
19,330
2,091,739
dividend per annum, when earned and non cumulative. The $ >,000 Company stocks au t bds.
Sink*Ms. in bauds of trus.
32,001
32,0 >0
common stock to he exchanged for the present Rochester & Pittsburg
2.913,41)
3.151.824 2.41.499
Railroad Company stock, one share for four. Any excess of net earnings Bills and aects. receiv’bl.
over 0 per cent on hotli preferred and common stock to be divided pro
Totals.
$100,030
$5,209,842 $0,103,800
rata bet ween the different classes of stock.
“So much of the first preferred stock as is necessary shall be ex¬
$1 703,168
Not debt
$0,900,177 $5,137,099
changed at par for all second mortgage bonds and boating debt which
“About the same rate of decrease ($500,000 per month) was
have come under this agreement', with accrued interest to the time of
the filing of the certificate of tiie organization of the new company.
An equally rapid
continued through October and November.
There shall bo distributed to the second mortgage bondholders and
rate of decrease is not to be expected during the .winter months.
floating debt creditors w ho shall have come under this agreement, a
bonus of 3«i;i per cent of the amount of first-preferred stock, to which
“During the quarter ending September 30, the sum of $488,they shall be entitled, of the second preferred stock. Tin*, balance of the 059 was charged to construction, of which $116,143 was spent
first pivferrt d and second preferred stock to be otiered for sale in blacks
on extensions represented by additional mileage.
All of this
of one share of first pi eferred stock and two shares of second prelcrnd
expenditure w. s met out of earnings, no bonds or other secur¬
stock for $100. Books of subset jption will be opened at the niliee of
Walston fl. brown A I ires., “O Nassau street, New York, Deo. lib and
ities having been sold.
will close at 3 p. m. Dec. 3l.”
“The Oregon Short Linebvas connected with the Baker City
This agreement 1ms been signed bv the purchasers of tin.' extension of the Oregon Railway & Navigation Company on
*1 ,359,000 second mortgage bonds above mentioned, and ad¬ the 15th of November, and opened for traliic on the first day
ditional signatures to the agreement have been made by the of the present- month. No reports a:s to the amount of business
holders of $980,000 second-mortgage bonds and $209,000 float¬ at present being done over this rout * have yet been received.
ing debt.
Aieanwhile, an equal division of all competitive traill :, to and
Union Pacific.—Mr. A darns, President of this company, fro, between the East and points reached by the Oregon Rail¬
lias made a special report to the directors under date of Dec. way iSc Navigation Company, has been agreed upon between
17, for tlio quarter ending Sept. 30. This report is analyzed the Union and the Northern Pacific. All danger of rate com¬
in the editorial columns of the Chronicle.
The report says: plications in consequence of the opening of a new trans-conti¬
*
•
“The 30th day of September closed the first complete railroad nental route has thus been averted.*’
present
month
the
suit
between
“During
the
the United
quarter which followed the change of adm-nistration brought'
about by the resignation of President Dillon. I have ac¬ States and the Union Pacific Railway Company, involving all
cordingly caused the following ''statement, showing the the issues arising out of the construction of the Thurman
financial results of that quarter, to he prepared, as also a Act, has been before the Court of Claims.
The argument was
The case is now in the hands of the
statement for the corresponding quarter of the previous year. closed on the lltli inst.
As will he seen, tin* balance of surplus income of the three Court, and an early decision will undoubtedly be reached.
It
months, after payment of all fixed charges, including (Govern¬ is confidently believed that a complete settlement between the
United States and the company under the requirements of the
ment requirements and taxes, was $1,002,398, a sum equivalent
to 2*G per cent upon the capital stock of the company.
It Thurman Act will soon be effected. "
From Jan. 1 to Nov. 30, the latest date to which they have
should be remembered that the third quarter is generally the
been reported, the land sales were reported in the Chronicle.
most profitable quarter of the year."
2.5 12.1 r.i

holders to accept

2,90 K l

5

..

“

...

....

i sco .mi-:.

1^8 4.

1 =83.
<>aar. eiat'rj

Earnings (excluding St. -T". A: We.-t.)
Expenses ami taxes
Income from investments outside

(Jaar. ciu/’i/
Sept. 30.
$7,317,7 70

4, ! <>5,400

3.1 12.015

$3,7 !'».♦» 16

$ 4,0.1-5,755

70,200

47,002

.$ J,S 10,870

$3,952,757*

$1,303,282
: 41. ‘»l 5.
23,030

$1,342.1 1.0
7i.org
7,3L<133,0 o

the system..

Total income
CM’KNMTI

Interest on bonds
DiscounthihI interest
Losses on securit ies. premiums,

Sept. 30.
$7,8-5 U >7 0

KKS.

Ac

Company’sS. F. requirements,sink- fun.I bds..
Interest on sun Iry omuls of operated roads
Total

expenditures

133,' o>
201.170

31o,472

,$l.7-<8,735

,

$1,833,077

$2,022,0 \ 1
54 '.300

Surplus
Less United States requirements.

$2,OSS.77U
4M>,381

Net surplus income
$l,t 02,39.$1,172,840
The following is a condensed statement of the financial
results of the first nine months of the year (Jan. 1 to Oct. 1>
as

compared with the same months of tiie previous year:
f v'->3.

Xine

Earnimrs (excluding St.

months,

1 'S'S-t.

Xine months.

Jo. A West.) and in¬

$21,082,380
Expenses and taxes (excluding St. Jo. AW.) 10,953,130

$18,591,170
10, SO), 537

Income over expenses and taxes
$10,129,519
Expenditures: Int« rest, discount, Josses on
securities, sinking fund, Ac
5,1 87,711

$7,732,032

$i,9ll>os
1,193.211

$2,050.1 : 0
858,01 -

come

from investments

Surplus income.
requirements

United States

5,082,215

$1,192,: 97

225,000

Add received from Trustees K. 1‘. eon. niorf.
Total surplus income
Dividends declared darim period

speeilied.

400,0t(J

$3,073,563

$1 592.397

3.1 95.591

1.005,197

$17 7,972
,T

little from that of June 30, except

$ >27,20

Sept. 30. differs

the items of

“

land

verv
con-

tracts cash, &c.," which had been increased Sept. 30 by $2,218.987, and the item of ‘diilis payable," which had decrease i

$1,421,751, and these items were balanced on the other side
by an increase in “prolit and loss."
“Owing to the payment made in June to the Un to 1 Stateon account of requirements under the Thurman Act ($718,81-1); notes then given in settlement of certain long-pending
litigations against the company ($331): and notes given lb:
sleeping-car equipment, purchased under the contract of Ma,'
I, 188i. with the Pullman Car Company ($100,000): in all
$1,419,814; the net floating debt of the company had, on June
30, considerably increased over its amount at the close of the
previous quarter (March 31). It was decreased during the
quarter ending September 30 at an average rate of about
$000,000 a month, as appears from the following comparative
statement:




of Dec. 12.
“The pm chase of $1,019.000 of the Union Pacific Land Grant
bonds has lecently boon effected.
These bonds will i e sold to

the trustee under the mortgage, and the company xvill in
future be relieved from payment of interest thereon, thereby
an annual reduction <>f fixed charges of $73.-430.
Of the entire original issue of subordinated income bonds
of the Kansas Pacific Railww Co., $715,750 were outstanding

effecting
“

when the last annual re-port of the company was published".
This issue of bonds lias for many years been a source of liti¬

gation.

Of the above amount, $155,700 have been purchased
July, and are now

total cost of $312,519 since the first of
in possession of the company.
Apart from

at a

the operation of

regular sinking funds, the not aggregate reduction of
funded debt effected since July 1, is $1,501,700: making a
total debt reduction of $3,207,8(>8 ($1,50-1,700 funded. $1.703,108
floating debt), in addition to that effected through the pay¬
ment of floating debt in October and November, the exact
amount of which cannot be ascertained until the books are
closed on the last day of the present mont h."
Mr. Adams recommends that the proceeds of Kansas Pacific
land sales be applied as a sinking fund to the purchase and
retirement of the Kansas Pacific consolidated mortgage bonds,
instead of to the payment of interest on those bonds. He says
that “the Executive Committee have therefore caused a suit¬
able supplementary contract to be prepared.
Should it
receive the approval of the directors, it will practically con¬
vert the bonds issued under the C insolidated Kansas Pacific
mortgage into land grant sinking fund bonds: and as therenow remain some four million acres of the Kansas Pacific land
grant unsold, besides outstanding contracts for lands already
sold to the amount of $2,791,579, the ultimate extinguishment of
these bonds before maturity will in great part he provided ford"
—Proposals are sought by Tiusteo'Ann s for any pait of
$1,500,000 Union Pacific land grant bonds.
Wabash St. Louis & Pacific. —From the London news¬
papers the figures below have been received, and give the only
recent information in regard to Wabash
operations. The
brokers and bondholders of New York are glad t<> get reports
of this sort by way of London, and i o doubt t hey respect them
all the more on account of their age : but all the ship, it does
not appear that they would not he much better satisfied to have
the fact s given to them here some twenty days earlier, as they
might have.
the

Tan. 1 to Sr jit.

Sejifemher.

1831.
os*c:ri)in"R.

qior. c-xq-eii.se
Net earnings

1

1883.

s-

4.

...

$1,“2 1.230
1,299,300

$1,737-. 18-2
1,127,589

$ • 2.1 CO.psv
10,0 10.777

$12,117,226
9,£33,723

‘430,930

$009,593

$2,069,210

$2,278,493

Accordi lg to estimate something like $400,000
1 extra expenses, and this would more

paid out i
come

39.—

1883.

the decrease in net earnings,

as

above.”

have been

than over¬

December

THE

20, 1884.]

CHRONICLE

Jlxe Commercial Jinxes.
COMMERCIAL

COTTON.
Friday, P. M., December 19, 1884.
.The Movement of the Crop, as indicated
by our telegrams
from the South to-night, is given below.
For the week ending
this evening (Dec. 19), the total
receipts have reached 258,340
bales, against 289,457 bales last week, 276,300 bales the previous
week and 284,692 bales three weeks
since; making the total
receipts since the 1st of September, 1884, 3,329,548 bales, against
3,214,664 bales for the same period of 1883, showing an
increase since September 1, 4884. of 114,884 bales.

EPITOME.

Friday Night, Dec. 19, 1S84.

approach of the Christinas and New Year holidays
-controls the character of all business. The weather has turned
The

709

near

severely wintry in all latitudes, promoting the purchase of
seasonable goods. The Exposition at New Orleans has been
formally opened, but the arrangements are not likely to be
Sat.
Receipts at—
Jfon.
Tues.
Wed.
Thurs.
Fri.
Total.
sufficiently completed to make it very attractive until early in
Galveston
2,593
5,927
800
1,510
2,129
1,075
14,034
January. Reductions in wages continue and some serious
Indianola, Ac.
485
485
strikes begin to be apprehended. In some branches the cur¬ Now Orleans...
9,650 25,187 14,556
7,402 19,354 17,618 93,797
tailment of production has gone on, but this action now begins Mobile
1,960
3,495
1,592
1,737
1,551
2,117
12,458
Florida
to be fully counterbalanced by the increase of
7,436
7,436
activity in other Savannah
6,435
5,350
6,025
5,53 1
3,768
4,796 31,908
departments of industry, and altogether a general improve¬
Brunsw’k, Ac.
73
73
ment is promised with the beginning of 1885.
Charleston
5,059
4,502
3,000
3,147
3,221
3,COO 21,929
The speculation in lard futures has been dull at
Pt. Royal, Ac.
weakening
1,152
1,132
879
737
values throughout the most of the past week, but
837
837
759
771
4,840
to-day Wilmington....
Moreli'd C.,Ac
629
there was some recovery, and the close was strong at 6*92c.
629
Norfolk
5,312
9,445
4,474
9,312
5,122
3,195 36,860
for January, 6’97c. for February, 7’04c. for
March, 7*llc. for
West Point, Ac
21,763 21,763
April and 7’17c. for May. Spot lard has been taken freely at New York
84
145
226
398
1,532
439
2,824
the decline, and the close is steadier at 6*85c. for
420
757
462
prime city, Boston
489
949
566
3,643
for prime Western and 7‘25@7,30c. for refined for
the Baltimore
1,927
1,927
Continent. Pork has declined and closed at $12
25
25@$12 50 Philadelp’a, Ac.
28
703
21
49
1,756
2,582
for mess and $15 50@$16 for clear.
Bacon remains dull at
•6@7c. Pickled cutmeats have been fairly active at a further Totals this week 31,338 56,658 32,675 31,541 37,300 68,828 258,340
decline, but close steadier at 6@6^c. for bellies, 5^£c. for
For
shoulders and 8?4(«>9c. for hams. The slaughter of swine at total comparison, we give the following table showing the week’s
receipts, the total since Sept.l, 1884, and the stock to-night,
the principal points of the West for the season numbered
only and the same items for the corresponding periods of last year.
1,847,471, against 2,090,526 for the corresponding period of last
....

....

....

....

...

....

....

....

....

....

....

....

....

....

....

....

....

....

•

.

•

•

•

....

•

....

Beef and beef hams remain nominal. Tallow declined
6c., and was more active. Butter has shown a downward
tendency, and creamery is quoted at 20@29c. Cheese is firm

Receipts to

to

ports from Oct. 27 to Dec. 13:
Pork, lbs

Bacon, lbs
I.ard, lbs

18S4.

1883.

6,003,^00

8.157.000

55,248.073
31,512,533

01{,509,291)
43,801,841

Total

of aggregate

95,795,011
118,531,140
Brazil coffees have been rather more active

Galveston

2,153.200

Dec

•

.

•

This

Sep.

1, 1834.

This
Week.

....

....

....

Stock.

Since Sep.
1, 1883.

1884.

1883.

14,034

362,650

21,410

427,930

Ind’nola.Ac

485

9,005

2 27

7,457

New Orleans.

93,797

969,565

375,919

12,459

153,169

95,590
13,927

980,931

Mobile

182,081

42,427
26,611

100,032

120,363

82,300

81,317

...

Florida

7,436

55,100

1,722

Savannah....

31,908

571,988

30,575

Dec. 22,736,129

Br’sw’k.Ac.

73

Charleston...

21,929
1,152

on

....

1883.

Since

Week.

•

11,3.0,020
Dec.; 9,202,333

the spot, but
cargoes of Rio are

at

December 19

ex¬

1881.
Deo.

....

....

1884.

season.

at 9@l3c. for State factory.
The following is a comparative
summary

m *» ■

Pt. Royal, Ac

120,440

**

i

27

22,98 i
511,338
6,472

414,207

13,845

321,736

8,46

53.180

3,232
80,339
7,352
403,611

447,487
63,711

1.273
1,199
9,933
prices favoring buyers, although fair
1,000
still quoted at t)34c.
4,840
2,369
73,837
17,703
The speculation in options lias been Wilmington..
18,824
629
310
9,238
sluggish, and except for brief periods the tendency of prices M’JieadC.jAc
Norfolk
has been downward, and at the close of
36,860
33,796
403,179
92,763
to-day’s Exchange
85,778
there were sellers at 7*95c. for December, S’O-lc. for
W.Point.Ae. 21,763
216.219 10,326
111,838
10,670
January,
S*20c. for February and 8*35c. for March.
2,824
16,562 10,523
Mild coffees have New York...
35,923
172,1*20
259,378
continued to sell very fairly.
3,613
41,655
8,405
Raw sugars were quite active Boston
5S,1S1
6,310
6,185
1,927
early in the week, but have latterly been dull, and close Baltimore
4,023
2,540
5,762
23.730
23,754
18,407
nearly nominal at 4
818
4/gc. for fair to goo 1 refining, with Pliiladera.Ac 2,582
6,779
10.527, 11,174
refined quoted at 6/30. for crushed and
o^'c. for standard
Total
258.340 3.329.548 247.733 3,21 4 66 1
1,015.403 1,242.411
U‘A.” Molasses quoted at 50@ 52c. for the best New Orleans.
Teas showed more speculative activity
In order that comparison
may
be
made
with other years, we
early in the week,
standard Japan selling at 22/8c. for March; but the
close, give below the totals at leading ports for six seasons.
though strong, is quiet.
1884.
1883.
1332.
1831.
1830.
1879.
Kentucky tobacco has remained quiet on the spot, and Receipts at—
shows but little revival of speculative interest.
14.519
21,657
3S.417
Lugs quoted Galvest’n.Ac.
17,113
29,123
15,573
at 7@8)4C.; leaf, 8V<@10}£c.
The clearances of the week New Orleans. 93,797 95,599 66,862
59,947
62,504
69.841
••••«•

......

...

include 575 hhds. to ISautander.

Seed leaf

tobacco

lias

be-01

Mobile

12,458

13,927

15,261

12,030

23.C44

19 630

active, the sales aggregating 1.320 cas- s, as follows: 600 Savannah....
31,908
30,575
36,602
31,693
31,956
30,458
cases, 1882 crop. Pennsylvania, 4i£@.12c.; 250 cases, 1883
(JhaiTst’n, Ac,
23,081
15,118
crop,
22,639
18,307
26,302
19.603
Pennsylvania, 8@25c.; 120 cases, 1881 crop, Pennsylvania, 5(e) Wilm’ut’n, Ac
5,469
9.7S2
2,709
6,974
5,179
3,380
11c.; 150 cases, 1883 crop. Wisconsin Havana, 16@32}£c.; Norfolk, Ac..
53,623
44,412
41,122
33,03 4
39,794
23.603
100 cases, 1885 crop. New England,
12@35c., and 100 cases All others
18,485
24.035
21,195
27,743
19,478
20,007
sundries, 4}^@28c.; also 300 bales Havana, 75c.(ft $1 15, and 120
Tot. this w’k.
bales Sumatra, $1 30@$1 60.
258,340 247,733 258,170 206,855 237,980
207,601
The speculation in crude petroleum certificates was rather
Since Sept. 1. 3329.548 3214.664 3209.539!3032.489 3
>27.664 3012,549
sluggish until yesterday, when an upward movement set in,
Galveston inelmies Imlianola; Charleston includes Port
Royal, Ac.
which was continued this morning,
carrying the price up to Wilmington includes Moreheatl City, Ac.; Norfolk includes West
Point,Ac
783sc., from which there was a partial re-action, the close
The exports for the week ending this
evening reach a total
being at 76i4c. R -fined unchanged at 7;l4@7;3C. for standard of 177,593 bales, of which
90,160 were to Great Britain, 20,353
test, and naphtha 7L^c.
The export movement is compara¬ to France and 67,080 to the rest of the
Continent, while the
tively light at the moment. Spirits turpentine remained dull, stocks as made
up this evening are now 1,015,403 bales.
Below
but was stronger, with sales at 31}£c.,
closing to day, how¬ are the exports for the week and since September
1,
1884.
ever. at a decline to 31c.
Rosins area shade firmer at $1 22
•$1 27^o for common to good strained.
Week Ending Dec. 19.
From Sept. 1, 1884, to Dec. 19, 1884.
The market for metals has presented few features of
Exported to—
Exported to
E i'<>nrts
interest,
and at to-day’s Exchange pig iron
Gee-it
Conti¬
Total
Great
was dull; certificates nomi¬
Conti¬
from—
Hr it'n. Fra nee
nent.
Wee!:. IS ri tain. France
Total.
nally $10 !.4''tjf$10j;£ hid and $17 asked. Tin opened brisk and
nent.
strong, closing steady at 15*80@ 10*30o. for spot; sales are 10 Galveston
14,5:0
1,400 12,974 28,900
101,1(57
4.935
51,111
157,213
tons January, at lO oOo.; 10 tons
March, at 10*30c.: 10 tons. Now Orleans.. 13,303 14,623 10,700 43,037 275,32, 158,159 170,595 001,074
January,at 16’30c. Tin plates weaker at $4 42$4 55. Cop¬ Mobile
5,344
5,344
i
per steadier at 10'90@11!4c.
Lead easy for foieign at 4J4(d> Florida
Savannah
4’45c. Spelter nominal; foreign offered at 4*90c.
10,187
1,175 24,524 35.880
114.299
9,149 171,415 294,883
Charleston *... 12,14(5
Ocean freights have been more active in
1,031
0,310 20,629
100,093 17,-4371
95,059
219,789
grain shipments.
0,523
38,900
Large engagements were made early in the week at 7d. to Wilmington... (5,523
9,322
40,282
Norfolk+
11,725.
0,182 17.907 165,909
2,-43
17,009
200,421
Liverpool and 6}£1. to other British ports. Some depression New
York
4.12(5, 1,521
3,554
9,201; 193,29^ 22,*99
80,078 201,475
followed, but to-day the Liverpool rate was again firm at 7d. Boston
0,349,
0.319' 55,857
203
5*5,120
with 6/4d. paid to Newcastle, and 7d. to
Antwerp; and the Baltimore...
2,300
5,759
72,032
3,059
3,159,
27,305
10-*,987
charters included a steamer to Cork for orders, at 5s.
2,311
Philadelp'a.&c
2,*ll
29,959
2,058
32,008
with sail vessels quoted at 4s. 9
l.@5s., and a vessel to the
Total.
90,1150 20,3.13 07,080 177,593 1,177,489 217,072
032,015 2.027,176
Mediterranean at 4s. Od. Petroleum tonnage is in but mod¬
erate supply, but the demand not
Total 1883.... 102,63 4; 20,023 28,114 150.770
952,939 229.829
483.409 1 071.228
being urgent, rates rule
Includes exports from Port Royal, Ac.
Jpw. Ships to Bremen 2s. l}£d.@2s. 3J.; cases to
Algiers 17c.
+ Includes exports from West Point, Ac.
more




—

.

.

..

.

......

....

i

*

i

i

telegrams to-night also give

In addition to above exports, our
us

[Vol. XXXIX,

THE CHRONICLE.

710
the following amounts

of cotton on shipboard, not

cleared,

The Sales and Prices of Futures are shown by the follow¬
ing comprehensive table. In the statement will be found the

and

market, the prices of sales for each month each day,
We add similar figures for New York, daily
the closing bids, in addition to the daily and total sales.
prepared for our special use by Messrs. Carey, Yale

ports named.

at the
which

are

02

& Lambert, 89 Broad Street.

Shipboard, not cleared-for

On

Dec. 19, at—

OD

Great
Bi itain.

France.

Other

Foreign

Coast¬
wise.

<

O

8*5.

CD

Leaving
Stock.

Total.

48,537

24,308

22,460

14.800
12 000

None.

None.
27 180

9,200

None.
582
3(*»8
None.
None.

2,000

Savannah

1,950

16,077
40.811
3,800
7.000

Galveston
Norfolk
New York
Other ports
Total 1884.
Total 1883
Total 1882

1,459
4,000

&

o

279,105
23.627

3,500

18,800
44,630

8,100

3.600

20.900

©

953

4,841

22,453

3,114

3,050

47.346

45,417

2,050

None.
None.

5,850

166.176

9,000

87,756

55,942

36.669

156.582

35,562

66.137

13.067
14.789

I

972 400
620.131

270.011
273.070

!

the
first half of the week under review, a good deal of activity
and excitement, attended by a marked advance in prices.
There was some improvement on Saturday, owing to the
fact that Liverpool yielded less than had been anticipted it
would do in sympathy with our decline, and from the effect of
the heavy failure at Vienna; and on Monday a movement
having the appearance of an effort to “corner" early deliv¬
eries, with January the objective month, caused an irregular
advance, followed on Tuesday by an excited and buoyant mar¬
ket. Wednesday was variable, closing lower under sales to
realize.
Thursday was variable and unsettled, closing slightly
lower. To-day there was a renewal of speculative activity
and buoyancy. The “bull” party again talked of a small crop
and reduced stocks, and the buying for the rise extended to
the distant months.
As compared with last Friday, there is
an advance of 20^29 points.
The falling off in the receipts
at the ports this week has been largely due to less arrivals at
Galveston. Cotton on the spot has continued quiet, with quo¬
tations for the most part nominal.
Figures were on Monday
reduced l-16c., followed by advances of }%c. on Tuesday and
l-16c. on Monday.
Yesterday there was a decline of l-16c.
To-day there was a fresh advance of 1-lGc., middling up¬

9

6®ie

Strict ord..
Good Ord..
Str. G’d Ord
Low Midd’g
Str.L’w Mid
Middling...
Good Mid
Str. G’d Mid

She

9

9?8
10l4

IO&1 g
103t

1078

liha

.

11 *4

Midd’g Fair 113s
Fair

12M

8?t

Ordin’y $ lb

87s

SUl6

8H,0

815,0

914

93s

103,0
109l6
10 78
10 34
1015,0 101,6
llhe 113,0

Midd’g Fair,! 1%

1015lfi 11
ills
113,0
U5I« 113s
llUlrt 11?4

Fair

12° ,6

Good Mid.. 113lfl
Str. G’d Mid 1 13s
123s

Ordinary

Ids
IO1.3

Th.

815,6

Wed

Frl.

0

93s

101,0

103,0

10 ‘ ,6

109,0

©©

©

©

Mx H
© O

10 J4
lO^H

10k
105fi

1015ie 1015ie 107s
ills

ills

12

■

125g

Sat.

Mon Tues Wed

915,0

83,0

8516

87s

9

9P10

10oj«

103,0
109,0

83s

9110
913,0 978
107,0 lOifl

1138

11710

119 j 6

11 5g
12

Wo
©

%

Sat..
Mon
Tues.
Wed
Thurs
Fri.
.

.

.

Dull and easier..
Dull at i,<x dee...

Quiet at *8adv..
Dull at 1,0 adv
Dull at 1,6 dee...
Firm at 1,0 adv..

Total.

Spcc- Tran¬
ul’t’n

235!
•

•

•

•

ra

_

m

m

m

m

m

197,
4S4

<

.

168

m

177,

373;
....

Tbe dailv deliveries given

1,634

....

....

....

....

above are

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Includes sales in September. 1884, for Spptember, 158,200 ; Septem¬
ber October, lor October, 421,800; September-Novembor, for November,
*

Total.

FUTURES.

Sales.

235 60,700
168 49.600
197 12-5,600
4«4 8n,000
177
79/00
373 108,200

1,634 513.000

Deliv¬
eries.
300
300
400

1,000
600
400

3.000

actually delivered the day

previous to that ou widen they are reported.




sit.

b
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SALES OF SPOT AND TRANSIT.

Con-1

CC 00

MM

Frl.

glance how the market closed on same days.
*

2

1^

© -2

°o

day during the
week are indicated in the following statement.
For the con.
of
the
we
add
column
venience
reader
also
a
which shows at a

Ex-

to

Mr-

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The total sales and future deliveries each

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MARKET AND SALES.

CLOSED.

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1*3,0 11 ’4
117,0 11716
U710 113s
115s
115s
119,0 115s

123s

$

S7s
95,0

Ilk

STAINED.
Good

9

w

M M

Moil Tues

1013,0 10^4
11
101o,p
11*8
11*16
113s
1114
115,0 III4
117,«
H710 119,6 111-2
1113,0
11*316 1110,0 ll7s
12*16
127,« 129,e 12lu

9

8=*4

813,0
10116
107,0

Wed

FrI.

Til.

Sat.

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So

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•

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93s
9is
Strict Ord..
9b0
93,0
9^10
1044
Good Ord.. 10
103,0
9l5lr> 10
10 5g
Str. G’d Ord 103s
109,0
105,0 103s
Low Midd’g 1011,0 105s
101110 1110,0 107s
Ills
Str.L’w Miu io78
11*16
1013,0 1078

Middling... 11

•

P

TEXAS.

Mon Tues

Sat.

9ls
95,0
1()13, f 915ie 10i8
1031G 1 05,0 101*2
10*2
lO^s
1013,,
1011,0 10131C 11
10131 fl 101o1h lli8
11
His
115,0
H3lfi 115,0 111*
119,0 1111,6 ll7s
123lft 125,0 12^

Wed

i: §:

S^eo

for export, 1,634 for consumption,
for speculation and — in transit.
Of the above, 200 bales
were to arrive.
The following are the official quotations for
each day of the past week.
Moil Tucs

i

:

S*
9.

c® ®

vi

sr-

P M.

©

.

© P<

g®
P oo a p
-

P,

—

© ©

M

1,634 bales, including

NEW ORLEANS.

®

*P ©Cd

•

: 7?: r-

© •

lands closing at 11c.
The total sales for forward delivery for the week are 513,200
bales. For immediate delivery the total sales foot up this week

UPLANDS.

p t+’*

.

m
o

•

M©

future delivery reflected, for

The market for cotton for

858

:

j; i

© ©
© ©

749,610

265,793

20,450

65,857

27,203

164,333

Ordin’y

n>

O

® ©

©

P,

g.
5*3.£S
r^r.

93!
Up.®

© ©
E-© ® oo*
Pa- q.

®

.

££.?
1

j-..

® ® Ql
QD *
Jfi

b

3

152,278

Sat.

—

P
•

^:

®

cr-

Dec. 13 to
Dec. 19.

©

P «rf

E

®

*3

37,670

79,132
30,727

^*3

—

0D © © ©

K*®
D 00 -®

•gS
3.c*
o

®«S
7*
^

©

®

C

§3*1

P*

OD

i-iP-S4

o

© H->

©

96,814

2.

CD

03

New Orleans
Mobile
Charleston

QcS

E.

582,200.
We have included in the above table, and shall contlaue each
to give, the average price of futures each day for each month.
will be found under eacli day following the abbreviation “ Aver.”
average for each month for the week is also given at bottom of

week

It

The
table.
Tr xnsferrable Orders— Saturday, 10*75^.; Monday, 10 85c.; Tuesday,
ll’OOe.; Wednesday, 10 95c.; Thursday, 10’9%c.; Friday, lL*0f»c.
Short Notices for December—Saturday, 10 67c.; Monday. 10*73c.;
Tuesday, 10-93c.; Wednesday, 10’94c.; Thursday, 10*80c.; Friday, 10*81.
The following exchanges have been made during the week:
•39 pd. to exch. l.OOi) Mar. for June
•13 pd. to excli. 200 Jan. for Mar.
25 pd. to exch. 1.500 Feb. for Apr*
•10 pd. to exch. 300 Feb. for Mar.
•01

pd. to exch. 200 Feb. for Mar.

December

THE CHRONICLE

20, 1884.]

The Visible Supply of Cotton
to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (Dec. 19), we add the item of exports from
the United States, including in it the exports of Friday only, *
1884.

Stock at Liverpool
Stock at Loudon

bales.

at Hamburg
at Bremen
at Amsterdam
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste

471,000

70,900

37,000

574,000
4,000

626,900
3,800
25,100

41,000

621,000
2,000
59,900
49,000

6,600

600

42,600
15,300

1,500

4,100

390

1,400
181,000

3,500
129,000

900

2,090

129,000

123,000

4,000

7,000

2,700

3,500

40,000
6,0,00
6,000

42,000
9,000
8,000

40,000

16,200

9,000
7,000

4,000
4,000

316,100

310,900

228,200

229,030

.

.

.

890,100
931,900
71,000
118,000
o
659,000
536,000
e
39,000
73,000
.1,015,403 1,242,411
340.028
379,628
41,000
19,600

men

India cotton

32,100

.

i.

.

.

Total visible

Of tlie above, the totals of American and other descriptions aro as follows:
American—
358,000
Liverpool stock.
bales 336,000
308,000
344,000
Continental stocks
237,000
195,000
104,000
118,000
American afloat for Europe..
536,000
651,000
659,000
480,000
United States stock
.1,015,403 1,212,411
893,201 1,147,320
United States interior stocks.
379,628
340,023
295,607
406,661
United States exports to-day.
8.800
44,009
19,600
30,400
.

.

.

.

Total American
East Indian. Brazil, die.—

week last year, and since September 1 the receipts at all
towns are 92,046 bales less than for the same time in 1883.

.2,569,431 2,772,639 2 ,298.208 2,490,781

day of the past week.
CLOSING QUOTATIONS FOR MIDDLING COTTON

Dec. 19.

.

London stock

193,000

215,000

45,000
121,100
71,000

48,000
73,900

.

Continental stocks
India afloat for Europe

.

.

Egypt, Brazil, &c., afloat

39,000

Galveston
New Orleans.
Mobile
Savannah.
Charleston.

243,000
70,900
110,200
1 L3.000
73,000

118,000
73,000

127,000
37,000
125,080
103,000
43,000

469,100

.

527.900

615,100

435,030

.2,589,431 2,772,639 2 ,2 J6,208 2,490,781

Total visible supply
.3,058,531 3,300,539 2 ,911,303 2,925.861
51 bed.
53id.
Price Mid. Upl., Liverpool...
fllli6d.
5i3ltd.

Wilmington..
Norfolk
Boston
Baltimore

Philadelphia.
Augusta
Memphis

Receipts

ftSP The imports into Continental ports this week have been

78,000 bales.
figures indicate

to-night of 242,008 bales

a

as

decrease in the cotton in sight

compared with the

increase of 147,223 bales

ponding date of 1882 and

an

date of

same

as compared with the corres¬
increase of 132,670 bales as

compared with 1881.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding

period of 1883—is set out in detail in the following statement.
G

3

c
P

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ST

MS'
*
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w
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vl

s

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to -1 © X to X 35 M M C O. 05 it* CO C5 CO X O'-t
©OM©M — O' M M O' M X X X M to Ot 05 ©

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^

10

10

10

lOhe

1018

1016

10%

10%

10 Vt

10* 16

lOoift

10%6

1018

10*’16

10 's

10%

10%

from the

Plantations.—The

“

1882.

3
17

“

24

“

31

Nov.
“

21
28

“

12

“

19

1882.

I 1883.

j 1884.

76,862 187,536

49,497|210,123 197,219; 182,063
95,675! 164,915; 68,108 224,949 256,276'223,924

1242,169;222,510 258,774

238,3291289,843

255,097'222,185 284,692 275,7001374,5041207,133 271,622 237,0011322,286
;247,017 265,484 276,3001 291,376 386,477 316,019 262,693 277,397j 325,186
262,015^281,163 289,457 299,528j410,246 335,451 270,167 304,9391308,889
' 258,170'247,733!258,3401 330,993; 423,577 *303,866 295,6351261,064! 286,755

5

Dec.

1882. I 1&S3. I 18S4.

:

7

“

1884.

242.3201257,276*242,289 125,039'202,970 ‘ 92,654 271,693 295,3311266,835
1241,738(252,845 285,112 130,3171236,980:129,511 256,016'288,861'321,969
175,0921270,734 156,058 292,398'281,669'304,017
1250.623 1241,921 *277,470 211,740
313,249 171,996 298,899* 304,119:275,979
1262,2511267,604 257,041
291,537 272,758* 293,088
1259,1541242,0781209,114 244,1231343,929'193,970
259,175'359,748 229,539 257.221

14

“

1883.

179,883 163,461 168,721
206,130 228,897 205,313

10

“

;

The above statement shows—1. That the total receipts from
the plantations since September 1, 1884, were o,676,199 bales;
in 1883 were 3,589,085 bales: in 1882 were 3,530,047 bales.

2.—That, although the receipts at the outports the past week

258,310 bales, the actual movement from plantations was
280,755 bales, the balance going to increase the stocks at
the interior towns.
Last year the receipts from the plantations
for the same week were 201,061 bales and for 1882 they were
were

M to

mm

© m d. a c: x ;

If* O' X

to © © X M ©
to © if* O' ©
CO M ro

m

CO 05

3T

to to M M to

m r—

M

m

© ‘J»

1883.

1882.

1881.

Receipts at the ports to Dee. 19 3,329,546 3,214,664 3,209,539 3,032,489
Interior stocks on Dee. 19 in
374,421
320,508
excess of September 1
346,651
411,599
Tot. receipts from planta’tns 3.676,199 3.589,085
Net overland to December 1
227,8551 261,252
..

78,C OOj

87,000

3,530,047 3,444,088
244,112
90,000

220,910

70,000

sight December 19.. 3,982,054 3,937,337 3,864,159 3,734,998

Northern spinners’
December 19

takings to

618,292

769,325

748,003

681.064

o

freely.

Galveston, Texas.—It has

rained

on

three days of the week,

the rainfall reaching seventeen hundredths of an inch.
thermometer has ranged from 29 to 60, averaging 51.

The

ties.

Average thermometer

48, highest 06 and lowest 29.

Palestine, Texas— It has rained on two days of the week,
the rainfall reaching twenty-one hundredths of an inch.
Ice
formed on three nights in this vicinity.
The thermometer has

CC

fch

J*

G

11%
10%

the week,

CO

to
M tc <J to

©

CO

to

11%
10%

Indianola, Texas.—We have had showers on four days of
the rainfall reaching eight hundredths of an inch.
Picking is finished everywhere except in three or four coun¬

^

x^

Ml

M

10%®%

Receipts at the Ports. \SVkat Interior Towns. Rec'pts from PlnnVns.

Ending-

move
a
ft
a

to

11

10%«78

11%
10%

lOMlt

1014

Ills

©78

10
10

10
,10

1018

10 •rU

103i©v8

Weather Reports by Telegraph.—The temperature has
been much lower at the South during the week, and in many
sections there has been snow and ice.
Cotton continues to

to

m

OOXM^.#*
b< O'V co'

to
O'

10^
lllQ

will be seen by tlie above that the increase in amount in sight
to-night, as compared Avith last year, is 44,717 bales, as compared
with 1882 is 117,899 bales, and with 1881, is 247,056 bales.

tf* rf* <1

1

©
©
O'

103j
11 ]8

10316

It

M

MM

11

6

following table is
prepared for the purpose of indicating the actual movement each
.veek from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
chan another at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.

Total in

M r-* M

CO 1-4 M

O' © M

o: to m c:1
© 4^ M O' CO to © Cu;
-

© co co a 4*. o« to
00 M M © CO Ol M

to

11

Souf hern consumpt’n to Dee. 1

Cl -110 to M O O' to M *4 M if* to M «. Cl O'© M
Xif-05<l©Oi©COM —tOtO©MC5^1tf*.©CJt
acMooic.acwCciGOxcO'JWMco

OtMMClMCOtO

to

1L

1884.

to

©O'COCO M<J<1
CO 00 ©
CO O'©
O' © at) © to © ©

10%

11

give the receipts from plantations in another form, and add
1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.

-4

*

m

M

1012

11

>• CO

coitooiyHuico'i.
m ic»— © m
ci to
XXX rf*©X MM -1 to M HXH3TC
pt m 05

M IO m

©
UMjvffitO
mcoguoT-IoIp.
m

X
to
X

lO^t

toii

10% a)°im
10%
10%

XJ

3

to O'** OOMp vj

M — p CO

^©coc©*dxa<'if*tocoM©C5to<ix'©y'

CO

CO

10 q

to them the net overland movement to Dec.

£, 5

to

10i18

1014
10%
10*4 <Z/*>1t. 10%

Amount of Cotton in Sight Dec. 19.—In the table below

•

XX M

Ol Cw

lOiis

10%

1031«
10%6

we

©•.

p II H-

103s
IOI4

U,

10

M

M

o

10-lOGft
1014

10316

5
V- »:

f. W
MM
*Ol *4*M CH -4~uVcn

lO *-* CO

1038

....

Fri.

295.035 bales.

1
>■?

x
< P'

10*%

Thurs.

1014
103a

10

....

l<)3a

I Ycdnes.

105ib

IQlxrt

St. Louis
Cincinnati...
Louisville

Tues.

1014
1014
1014

1014
10 q
103e

.

Mon.

103I6
lOhs

1011,;
I 011

..

.

an

10*%
IOA4

...

Oct.

Total East India, &o
Total American

1883,

Satur.

ON-

RECEIPTS FROM PLANTATIONS.

Liverpool stock

The above

the

Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each

18,000

3,058,531 3,300,539 2,911,308 2,925,861

supply

bales less than at the same period last year. The receipts at
the same towns have been 8,045 bales more than the same

503,000

737,030
855,100
113,000
103,000
651,000
480,000
73,000
43,000
893,201 1,147,320
406,661
295,607
30,100
8,800

.

a floa

1881.

55G.OOO

.

Total Continental stocks..

1882.

573,000
48,000

.

Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock

1883.

529,000
45,000

711

CD
X

Jp*x

CCOXOtODCO
-1 m © © -4 O' 4*
O O'
O. M *— *• J M

averaged 42, the highest being 03 and the lowest 10.
New Orleans, Louisiana.—It has rained on five days of the
week, the rainfall reaching five inches and nine hundredths.

averaged 50.
Shreveport, Louisiana.—The weather has been generally
increased during the week 26,947 bales, and are to-night 39,60 0 cloudy, with rain on two days, the rainfa'l reaching twenty
The above totals show that the old interior stocks have




The thermometer has

THE

712
hundredths of

inch.

an

CHRONICLE

The thermometer has averaged 39,

ranging from 25 to 58.
Vicksburg, Mississippi.—We had severe rain' on one day
in the early part of the week, but the latter portion has been
clear and pleasant, cold and dry.
The rainfall reached' one
inch and twenty-seven hundredths. Ice formed in this vicinity
on three nights.
About all the crop now has been secured,
and about three quarters marketed.
The thermometer has
ranged from 24 to 67.
Columbus, Mississippi.—It has rained on four days of the
week, the rainfall reaching one inch and twenty-nine hun¬
dredths.
We had a slight snow on Thursday.
Helena, Arkansas.—We have had rain on two days and the
remainder of the week has been cloudy.
The^thermometer
lias ranged from 10 to 56, averaging 34.
Little Rock, Arkansas.—The weather has been cloudy and
raw on four days of the week, with rain on two, and the
remainder of the week has been fair to clear and very cold.
The rainfall reached forty-eight hundredths of an inch. Aver¬
age thermometer 32, highest 53 and lowest 12.
Memphis, Tennessee.—It has rained on six days of the
week, the rainfall reaching sixty-nine hundredths of an inch.
Average thermometer 35 *5, highest 57 and lowest 12.
Nashville, Tennessee.—We have had rain on two days of
the week, the rainfall reaching one inch and seventeen ^hun¬
dredths.
About three-quarters of the crop has now been
marketed. The thermometer has averaged 37, ranging from

'

„

India

[Vol. XXXIX.
Movement

Cotton

from

Ports.

all

We have

—

re-arranged

our India service so as to make our reports more
detailed and at the same time more accurate. We had found
it impossible to keep out of our figures, as cabled to us for the

ports other than Bombay, cargoes which proved only to be

shipments from

India port to another. The plan now
danger of this inaccuracy and
keeps the totals correct. We first give the Bombay statement
for the week and year, bringing the figures down to Dec. 18.
one

followed relieves

us

from the

BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.

Shipments this week.
fear

Great Conti¬
BriVn. nent.

Shipment«
Great
Britain

Total.

1884 10,000 3,000 13,000 521,000
L883 11,000 16,000 27,000 488,000
1882 7,000; 10,000 17,000 799,000
1881 11,000112,000 23,000 370,000

since

Jan. 1.

Conti¬
nent.

Receipts.
This
Week.

Total.

Since
Jan. I.

686,000 1,207,000 22,000 1,649,000
828,000 1,316,000 30.000 1.751,COO
643,000 1,447.000 24,000 1,755.000
610,000
930,000 35,000 1.363,000

According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of
8,000 bales, and a decrease in shipments of 14,000 bales, and
the shipments since January 1 show a decrease of 109,000 bales,
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
“ Other ports” cover Ceylonr
decrease

Tuticorin, Kurrachee and Coconada.

4 to 63.

Shipments for the week.

Mobile, Alabama.—It has rained severely'on two days and
has been showery on three days, but. at the close of the week
there is a favorable change. The rainfall reached three inches
and twenty-three hundredths.
The thermometer has ranged
from 20 to 67, averaging 51.

Great
Britain.

Conti¬
nent.

Calcutta1881
1883
Madras1884
1883
All others—
1884......
1883

Shipments since January 1.
Great

Total.

Continent.

Britain.

Total.

42.700

82.500

125,200

Montgomery, Alabama.—We had rain^on four days during
89,600
9,000
98,600
the early part of the week, and the latter portion was clear
56.500
56,500
and pleasant up to Thursday, when we had heavy frost and
5,000
51,000
5,000
1,300
52,300
ice ; but the weather is now moderating.
The rainfall reached
3.000
44,500
two inches and nineteen hundredths.
80,300
3,000
124,800
Average thermometer
500
500
61,800
78.500
140,300
47, highest 72 and lowest 20.
Selma, Alabama.—During the early part of the week we Total allhad rain on two days, but the latter portion has been clear and
1884
3,000
219,300
3,000
87,200
306,500
1883
219,100
5,500
5,500
72,100
291,200
pleasant. The rainfall reached three inches' and five hun¬
dredths. Planters are marketing their crop freely. We had
The above totals for the week show that the movement from
very slight snow on Thursday.
The thermometer has aver¬ the
ports other than Bombay is 2,500 bales less than sameaged 42, the highest being 60 and the lowest 16.
week last year.
For the whole of India, therefore, the total
Auburn, Alabama.—It has rained on three days of the
sliipments
since
January
1, 1884, and for the corresponding
week, the rainfall reaching two .inches and forty-two hun¬
periods
of
the
two
previous
years, are as follows:
dredths.
We had killing frost on Tuesday, and ice on Thurs¬
EXPORTS TO EUROPE FROM ALL INDIA.
day, with light snow. The thermometer has averaged 47 7,
•

ranging from is-8 to 05 5.

Madison, Florida.—We have had rain on five days of the
week, the rainfall reaching two inches and two hundredths.
Planters are marketing their crop freely. Ice formed here on
Thursday night. The thermometer has ranged from 26 to 73,
averaging 50.
Macon, Georgia.—It has rained severely on two days,of the
week. Average thermometer 53, highest 69, lowest 33.
Columbus, Georgia.—We have had rain on two days of the
week, the rainfall reaching one inch and fourteen hundredths.
The thermometer has averaged 39, the highest being 49 and
the lowest 17.

Savannah, Georgia.—It Ins rained

on

four days and the

remainder of the week has been partially cloudy.
fall reached one inch and thirty-nine hundredths.
mometer has averaged 59, ranging from 36 to 74.

The rain¬
The ther¬

1884.

Shipments
t7 all Europe
from—

Bombay

This
week.

Since
Jan. 1.

This
week.

27,000 1,310.000

5,500j 291,200

4,703j 304,700

16,000 1.513.500

32,5004.007,200

21,700 1,751,700

The thermometer lias

averaged 58,

rang¬

ing from 38 to 70.
Stateburg, South Carolina.—I.t has rained on three days
of the week, the rainfall reaching thirty-five hundredths of an
inch. A cold wave struck us Thursday evening lifter sunset.
Average thermometer 51*6, highest 68 and lowest 32.
Wilson, North Carolina.—It has rained <>n three days of
the week, the rainfall reaching forty-one hundredths of an
inch. A snow on Thursday night did not cover the ground.
Average thermometer 50, highest 70 and lowest 28.
The following statement we have also received
by telegraph,
showing the height of the rivers at thS points named at 3 o’clock
December 18, 1884, and December 20, 1883.
Dec.
Feet.
13
9

18, '84. Dec. 20. '83.
Inch.
3
1

New Orleans

Below

Memphis

Above low-water mark.

Nashville

Atmve low-water mark.

o

6

Shreveport

Above low-water mark.

8

0

Vicksburg

New Orleans

high-water mark

Above low-water mark.

Feet.
7

Inch

19
10

10
7
4
1

13
r

8

4

23

5

reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-lOths of a foot
.above 1871, or 16 feet above low-water mark at that point.




of

Alexandria Receipts and Shipments.—Through arrange¬
we have made with Messrs. Davies, Benachi & Co., of

ments

we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt.
The following
are the receipts and shipments for the past week and for the

Liverpool and Alexandria,

Exports (bales)—

inch.

17.000,1,447,000

This last statement affords a very interesting comparison
the total movement for the three years at all India ports.

Charleston, South Carolina.—We have had rain on three
days of the week, the rainfall reaching seventy-three hun¬
an

Since
Jan. I.

306,500

3,000

corresponding week of the previous two

dredths of

This
week.

Since
Jan. 1.

on four days and
pleasant. The rainfall
inch. There has been a
change to cold weather at the close of the week. Cotton con¬
tinues to come in freely. The thermometer has ranged from
35 to 71, averaging 54.
Atlanta, Georgia.—It has rained on two days of the week,
the rainfall reaching four inches and fifty one-hundredths,
average thermometer 43 3, highest 65, lowest 30.

Augusta, Georgia.—It has rained lightly

the remainder of the week has been
reached fifty-seven hundredths of an

1882.

13.000 1,207,000

All other ports.

Total

1883.

Alexandria, Eaypt,

jj

1883.

1884.

December 17.

years.

ji!

Receipts i cantars*)—
IT 0.000

This week....
Since Sept. 1

1,803,000
This !

180,000

1

Since

ji

*

Total
*

|i This j Since

Since

'

1

11,900 147,000

Liverpool
To Continent

160.000
1,336.000

|:

\Sept. l.| ! week. Sept. l.!j week. \Sept. 1.

week.

To

1,762.000
This

1882

j|

10,000; o-.OOO,

i

ii

10,000 119,000 11.000 101,000
2,000 44,000 j
24,000

21,000,205,000' ; 12,0001163,000 16,000| 125,000

Europe

A cantar is 98 lbs.

This statement show's that the receipts for the week
Doc. 17 w'ere 170,000 cantars and the shipments to all

ending
Europe

21.000 bales.
Manchester Market.—Our

report received from Manchester
to-night states that the market is flat. We give the prices
for to-day below, and leave previous weeks’ prices for com¬
parison.
1883.

1884.

32* Cop.
Twist.
d.
d. s.
Oct.17 aH 38’:516 5
••
24 3ui*,—81:hft 5
“
31 8»16-81;5i6l5
Nov. 7 35ih—81;h«!5
“
14 8T10® 9
5
“
21 8k> ® 9
5
“
28 3V,® 9^5
Dec. 5
9*3 5
“
12 8k2 It 9Je 5
“
19 83s It 9
5

8 H lbs.

Shirtings.
d
d.
s.
5 ki®6 10*2

10k!
(>ki®7
6k,®7
8
9
9

9
8
7

Itl
Itl
Itl
-ftl
®7
Itl

CotVn
Mid.

TJplls

2k>
3
1
0

d.

87ig® 9

5V

8V® 9

5V
51116

8 m lbs.

Shirtings.

d.

d.
5ki

0
0
1
2

!

32* Cop.
lwisi.

9
9

d.

8.

5
5
5

6
7

Itl
'itl

6

Itl

o

6
6
7
7
7
8

Itl
Itl
Itl
Itl
Itl
Itl

5
b® 9
5%
81* 'ft 9^8 a
5l3ig 8^8 ft 9ki 5
5i3lfl 8r>8 It 9 V 5
5
5^
8°16® 9
83b ® 8V5

5kJ®6

d.

Oott’n
Mid.

TJpld9
d.

5i°ie
1^
1 ki!
Ika
1*2
lk!
Ik!
Ik,
2ki
llk!l

6
6

51°16
578
5i°ie
6

578
5i3ie

December 20,

New York

years

THE

1884.]

CHRONICLE.

Cotton Exchange.—Hitherto all persons

21

of age, resident or non-resident, of good character and

commercial standing, were eligible for election as members of
the Cotton Exchange.
This rule lias been changed so far as
to substitute the word “financial” for the word “commercial,”
and the change has been confirmed by a vote of 56 ayes against
11 nays.
Section 29. page 35, of the laws of the Exchange, provides
that if complaint be made by not less than three members of
the Exchange, either jointly or severally, against a member
for any misconduct in relation to the Exchange, or for any

disreputable

fraudulent transaction with any person not a
member of the Exchange, the Supervisory Committee shall
investigate the charges, and if substantiated shall so report to
the Board of Managers.
In pursuance of a complaint thus made, The Supervisory
Committee has been engaged for several days in examining
into the particulars of a charge against John M. Ewen, a
member of the Exchange, and partner of Ewen Brothers,
with regard to alleged irregularities in dealings in future
deliveries for account of Mrs. Laura Hough. However, the
or

documents relative to the matter are said to be so voluminous
that the Committee has not as yet been able to arrive at a
decision.
The result of the investigation, as well as the eon-

sequent action of the Board of Managers, is looked for With
much interest by the members.
It is reported that beside this

particular case before the Board of Supervisors, other women
speculators through Ewen Brothers have come forward with
similar complaints, but the above-mentioned matter of Mrs.
Hough is tiie only

one

before said Board.

Augista (Ga.) Mills Filled with Orders.—We
the following from the Augusta Eceiling News of

The

take

Thursday, December J l

:

i

713
1883.

1884.

;

1832.

1881.

1880.

1879.

2,401,937 2,257,015 2,433,297 ! 2,164.407
40,400 i
36,667
26,647 !
52,479
29,216
30,613
51,332
30,886
8.
8.
4S.S97
34,006
28,110
49,256
8.
46,652
50,747
25,675
30,346
54,134
8.
49.603
49.5S3
40,832
31.799
63,166
41,373
35,316
36.046
8.
30.136
36,174
52,116
27,721
29.263
54,997
55,7 41
40.S63
43,236
8.
25,055
34,502
40.2S6
47,904
8.
59,133
57,783
39,377
37,914
8.
40.050
4S.904
41,993
33,164
3 4,347
8.
34,208
50,059
50,011
40 107
35.221
30,9 J 2
37,733
42,522
8.
32,913
58,665
30,650
37,112
40,736
33,332
63,338
36,960
45,251
8.
40,452
51,325
30,412
30,531

Tot.Nv.SO 2,557,991 2,420,284
Dec. 1
“

2....

“

3....

“

4...

36,573

“

5....

69,328

34,792 j
31,483

“

6....

42,481

7....

8.

“

8....

53,026

“

9....

35,639

“

r

j

“

“

32.561

51,576

10....

29,964

11....

“

12...

43,651
84,6 43

“

13....

31.33S

“

14....

S.

“

15....i

5G 658

“

16....j

32,675

“

17....1

31.5-41

“

18....i

“

19....

37,300
68,826

-14,815
41,367

S.

23,929j

49.5 41

32.588

49,869

S.

39,64 l

43,231

35.3 43

4*,560

8.

30,473
42,450

j

1 3,329,548 3,137,160 3,073,112 2,900,123 3,959.333 2,804,948
i
Percentage of total
61-441
6 4-68
51-05
52*08
5608
port rec’pts Dee. 19
This statement shows that the receipts since Sept. 1 up to
to-night are now 192,388 bales more than they were to the same
day of the month in 1883 and 256,436 bales more than they were
to the same day of the month in 1882.
We add to the table
Total

the percentages

of total port receipts which had been received
named.

to December 19 in each of the years

The Exports of Cotton from New York this week show

a

decrease, as compared with last week, the total reaching 9,201
^Over-production is no longer the complaint-in cotton manufacturing
•circles in Augusta, fort Lie big demand the past ten days has swept all the
bales, against 24,702 bales last week. Below we give our usual
goons from the market. Surin Ding as this may seem, it is true. All t he
table, showing the exports of cotton from New York, and then
heavy stocks complained of last spring and summer are sold ; our fac¬ direction, for each of the last four weeks; also the total exports
tories are refusing big orders ahead, and yet some people don’t seem to
and directions since September 1, 1881, and iti the last colu mn
know that tin* tide has turned and that good tiinrs are coming. ‘Cotton
goods are following the raw cotton,’ said a prominent factory president the total for the same period of the previous year.
Tuesday morning, ‘and prices arc advancing in response to the active
demand and because of the low price of goods maintained all summer
auil until now.’ A meeting of factory presidents was held on the 8th in¬
stant, comprising Mr. Ilickmuu, of the Graniteville Factory; Mr. Sib ey,
of the Sibley As Langley Mills;Mr. Phiuizy, of the Augusta Factory,
and Mr. Fate's, of the King Mdl, and it was unanimously determined to
advance the pi ices of goods one quart *r to a half cent, and the prices <m
live-hale lots mow range about as follows: 4-4 sheetinsr, 54ic.; 7-8
sheeting, 4 tic.; 3-1 shirting, 33ac.; dribs, 6c. and 6!4e. to G^j a
One of
our mills had already advanced its prices and sold its goods at these
on

figures, and all of the mill prv-idents have now instructed their agents
price of goods. All the mills re¬
port that they are bare of goods, aud they are running on full time to
£ry and keep up with rlie demand.
“President H. II. Iliekman of the Graniteville Manufacturing Co.,
said the demand for cotton goods growing out of the low prices had
been so extraordinary that the over-supply at the mills had been
here and in New York to advance the

exhausted.
He thought it probable a farther advance would be made
in ten days. Advices have been received, Mr. Hickman continued,
from the Boston agent of one, of our mills to the effect that he was going
to New York this week to advise the agents there to place Southern goods
at 4,5 and G cents, or *4 of a cent more than the advance agreed upon by
us. He said the competition from Northern goods would riot, prevent these

figures, and he thought those mills in the South that led off with low
prices had enough of it. I would not he surprised if the prices sug¬
gested are adopted in New York this week. These facts mean, said Afr.
Hickman, that cotton will be scarce and high in the South, and not only
will the present prices be maintained, but there will be other advances.
Mr. C. H. Phinizy of the Augusta Factory, said: ‘For the first time in
twelve months I believe the outlook promises better fines.
I have not
thought so all along, but I believe now a brighter era is opening up
“

ahead of us.’ ”

Jute

Butts, Bagging, &c.—There has been a good demand
bagging since our last, and parcels are moving quite freely.
Price3 are steadily maintained, and sellers are not accepting
anything below our quotations, preferring to hold their stocks.
There have been sales of 1,000 rolls various grades at fcFqc. for
lb., Oj.^c. f°r 1 4 Ifi 10c. for 2 lb. and UFqc. for standard
grades. The market for butts has been mo lerately active,
though mostly for parcels to arrive, and there have been sales
of some 8,000 bales, mostly paper grades, though a few lots of
bagging qualities are reported. For spit parcels sellers are
quoting l oo. for paper, and 2 L $*3}£c. for bagging, grades.

Expokts of OorroN (bales) from New Ydiik since »ept. 1.

Exported to—

constantly have before him the data for seeing the exact relative
movement for the years named.
The movement during
September, 1884, and previous years, h is been as follows.
Monthly
Receipts.]

Year

1S34

j 1883

ecpt’mh’rj
315,4451 313.812
October..

11.090,385; 1,0 46.092

1831.

326.65

479,77

i

4 58,4.78

333,643

980,384

853,1 9’

96 811-

8

Novemb’i 1,122,164: t,030.38o 1,094,697
i
)
Total year! 2,557 09 i‘2,120,231 2,401,937

1830.

974.04., 1.006,50*
2 2

1879.

*

8, 4(>2

Havre
Other French ports

1,207

Total French

1,207

Perc’tageof tot. port.l
^

receipts Nov. 30.. j

49 90

35 9 )

47 81

41*42

4 3 27

This statement shows that up to Nov. 3) the receipts at the
ports this year were 137,7 b) bales more than in 1883 and
156,057 bales more than at the same time in 1832. B r a 1 ling
to the above totals t> November 3) the daily
receipts since

that time, we slu'd be able to. reach an exact
toe movement for the different years,




comparison of

year.

2,336

447

24,047

15,624

1.354
167

21,414

2,145

1,521

22,099

20,962

794
1.267

1,493

12,477
32.457
34,682

13,803
16,233
17,857

3,554

79,616

47,893

2,1 45

2,093
238

20,962

685

949

714

492

Hamburg
Other ports

3,186
4,375

1,206
2,033

1,646
S*8U

Total to North. Europe

8,510

3,953

5,449

50

1,188

i,092

1,400
5,062

2,967
2,109

50

1,188

1,092

6,462

5,076

Bremen

Spain, Op’rto,Gibralt’r,&c
All other

Total

__

Spain, <feo

20,279 18.489 24,702

Grand Total

The

Following

the

are

i

Receipts
from—

i This

1 week.

New Orleans.
Texas

6,818
1 10.9-34

..J

f\723

Florida

'

So. Carolina..

-

fill
0,116

Savannah.

•

No. Carolina..

1.210,

; 14,757,

Since

This

Since

This

Sept. 1.

week.

Sept. 1.

week.

Sept. 1.

101,152
147,h35
104,510

23lj

617

2,8211
j

21,562

210

216

1,479

22,016

1,100

4,16‘i
63,988
13,403
108,165

North’n ports'

1

Baltimore for the past

Since

Tennessee,&c
Foreign

3,507
1,935
7,113

Oils

6,411

1,001

34,928
800

547

7,149

161

13,994

1,894
83.242

1,375

17,703

3,153

9,977
60,971

81, "76
62,116

4,242

15,825

2,209

•

20

2.170

-

46,253,

572.601

15,671

158,333

51,315

013,991

18,206

161,614

1,771

46,5*3

0,672

122,876

43,585

7,176

117.879

Shipping News.—The exports of cotton from
.States the past week, as per latest mail returns,
same

Sept. 1.

2,870

Last year..

the

Since

week.

6,711

This year...

191,263 Bales.

Baltimore.

This

'

(5 532

.•

301,475'238,992

PHTLADELPH’A

Boston.

New York.

9,201

Gross Receipts of Cotton at

New York, Boston, Philadelphia and
week, and since September 1. 1884.

the United

have reached
So far as the Southern ports are concerned, these
exports reported by telegraph, and published in

Friday.
With regard to New York we
all vessels cleared up to Thursday

include the manifests of

night of this week.
New York—To

9 42.272

57,015 2,433 297 >,144 407

Sept. 1.

4,126 193,298 165,061

3,075

the Chronicle last

18S2.

11.

Total to Great Britain 10,512 11,012 16,016

are

Beginning September 1.

Dec.
18.

Dec.

period
previous

3,679 169,251 149,437

Virginia

Comparative Port Receipts and Daily Crop Movement*
—A comparison of the port movement by weeks is not accurate*
as the weeks in dfife-rent
years do not end on the same day of
the month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may

Dec.
4.

Total
since

7.437 10.003 14.843
1,009 1.173

Liverpool
Other British ports

for

,

Xor.
27.

18P4.

Same

Week ending-

,

Liverpool, per steamers City of Berlin, 1,338...
Oregon, 903
Sirius, (additional) 230..

Nevada, 1,206
T<*
To
To
To

City, 447
Havre, per steamer Canada, 1, J >4..„
Bordeaux, per
amer Chateau M irspiUK, 167.
Hull, per steamer Lineoln

Bremen, per stc oners E:n-, 24 I
To Hamburg, per steamer PoleneMa,
To Antwerp, per steamers Heim la

New

.

Total halts.

1,26

1G7
794
y

443—Westernland,

Okleins—Jo Liverpool, per steamers
Caxton, 7, >2)
G mnsellor, 4,300

417

1,354

llabsbiuv, 5oO

,

3,079

Architect, 4,270
...Ealing, 5,406

1,267

1,193

•28,029
Serra, 4,700
Cndoxton, 4,205
Queen, 4,819
per shins Cirv or Boston, 3,1 »6... Lanarkshire, 4,800
....Lancashire Witch, 4,550,...William Tapscott, 0,371- 26,901
River

Clyde, 2,328

T j Havre, per steamert

..

THE CHRONICLE

714

The fire was discovered in the cotton (about 250 bales) stowed in
the after between decks P. M. Dec. 13, when the vessel was just
below Fort Oglethorpe. A hole was cut through the deck and.

Total bale*.

3,700
650

To Bremen, per steamer Tarpeia, 3,700
To Hamburg, per steamer Sultan, 050^.
To Malaga, per balk Alfa, 1,500
To Genoa, per steamer Castleton, 4,163
Mobile—To Liverpool, per bark Venice, 2,049
Charleston—To Liverpool, per barks Douglass

heavy streams of water turned on the flame. The steamer put
back, aud by the time she arrived at her wharf, shortly after 5
o’clock, the fire was out. About 25 bales of cotton were probably
burned and scorched. The cargo of the William Crane consisted of
448 bales of cotton, &c.

1,5( 0
4,163
2,049

Campbell,
Wacissa, 2,500 Upland
and s3 Sea Island
Winona. 2,100 Upland
To Havre, per bark Jennie Parker, 3,141
To Barcelona, per bark Luciano Serra, 1,300
per brig

[VOL. XXXIX.

2,3'sO Upland and 50 S^a Island

7,113

Cotton

3,141

freights the past week have been

1,923

Pedro, 623

Mon.

Satur.

Tuet.

8,108
6,000
9.292

1,047

Bremen, steam..c.

8,026

Niagara. *,026

tine, 1.992

8,162

...

Liverpool,

per s’eamers

Bulgarian, 1,546

Pales¬

Virginian, 2,338

To Yarmouth, N. S , per steamer Cleopatra, 37
Philadelphia—To Li\erpoo>, per steamer British

5,876
37

1,931
per

ship Edward O’Brien (for¬

eign), 267

'

:

Total

The

form,

sailc.

Do

sail

c.

267

....

....

38*

3a*

....

....

....

....

New York.
N. Orleans.
Mobile
Charleston.
Savannah..
Galveston

LiterVnoL.
3.679

28,629

Norfolk....
West Point

.

2,049
7.113

8,108
3,292

.

Wilmington

A ms'dam,
Hot'da in
Eavre
and Bremen AntBnrccBon/e- <£ Ham- irerp i£ Iona if;
burn. Ghent. Malaga.Genoa
aux
Hull,
1.3.1 2,061 1, L93
447
1 500 4,163
26,901 4,350

3,141
......

1,047

Newport N.

..

......

..

....

......

......

......

......

......

1,923

6,000

9,292

824

......

.....

2.738

1,363
31,004

Baltimore..
Boston

......

.

......

1,650

1,712

......

rn•

......

......

m

mm

2,843
5,121

.

.

.

.

Total.
9.201
65.543

2,049
12,177
25.936
4.339

5,751
36.847
5.121

8,026
8,162

Phlladelp'a

5,876
1,931

Ban FraD..

267

8,026
8.162
......

Jfl*
•

30*

V

V

....

....

55t

....

•••

551

....

....

Do

sail

c

Barcelona,steam.c.
Genoa, steam—c.
Trieste, steam...c.

,

....

....

....

....

....

932*

932*

932*

932*

V
5q*

V
58*

Cq*>
V

932*
V

13e4*
*3£4*
t Per 100 lbs.

Compressed.

°8*

13€4*

l364*

Antwerp, steam..c.
*

....

°32*

V

®8*

13e4*

13£4*

Liverpool.—By cable from Liverpool, we have the following
&o., at that port. We

statement of the week’s sales, stocks,
add previous weeks for comparison.
Nov. 28.

Sales of the week
bales.
Of whi'-li exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week.
Of which American
Amount afloat
Of which American

Dec. 5.

Dec. 12.

69,000
8,000
7,000
37,000
8,000

47,001
4,00(

24,000
430,000
93,000

39,000
428,000
250,000
87,000

78,000
262,000
246.000

71,000
321,000
307,000

247,000

Dec. 19.

45,000

3,000
29,000

11,000

5,000
5,000
27,000
10,000

42,000
503,000
316,000
163,000
130,000-

296,000
284,000

37,000
3,000
1,000
24,000
11,000
39,000
529,000
336,000
108,000
78,000
328,000
307,000

The tone of the

Liverpool market for spots and futures each
day of the week ending Dec. 19, and the daily closing prices
of spot cotton, have been as follows:

5,913

*

447 35.433 15.149 17,556
are

4,247 5,875 191.263
from Boston to Yarmouth, 37 bales

Below we add the clearances this week of vessels
cotton from United States ports, bringing our data

carrying
down to

Tuesday.

Wednes.

Thursday.

favor.

Quiet.

Steady.

Quiet.

5i3l6

5l3ie

5i3lft

51*16

515ib

51316
51616

6,000

51o16
8,000

51316
51516

6,000

7,000

7,000

500

500

1,000

500

500

5,000
1,000

Saturday Monday.

Spot.

(

Market,

J

12:30 p.m.

Very dull.

8ales

Galveston—For Liverpool—Dec. 18—Steamer Rebecca, 5,371.
For Havre—D.-c. 17—Bark Norge, l,4u0.
For Bremen- Dee. 15—Steamer Acuba, 4,715.
Sew Orleans—For Liverpool Dec. 12—."hip Astracana, 4,038.
For Havre—Deo. 12—Ship He Martha, 4,24S. ..Dee. 15—Bark Nanny,

...

Friday.

Wilmin .ton-F.«r Liverp *ol—Dec. 13—Bark Sidon, 1,513

)

12:30 p.m.

$
£

Market,
5

P. M.

\

Steady at
2-64 de
cline.

give all news received to date of disasters to vessels
Carrying cotton from United States ports, &c.:
we

Quiet

Steady.

but

at

Dali.

2-h4 de¬
cline.

Dull.

Steady.

Steady.

Firm.

1-64 ad¬
vance.

Very
steady.

steady.

otherwise stated.
t^3 The prices
5

are

62-6Id., amt 6 03
gat.

given in pence and Glths, thus:

5 62 meant

6 3-6Id.

means

Dec. 13.

Open High

Low. Clos.

Mon., Dec. 15.

Taes., Dec. 16.

Open High Low. Clos.

Open High Low. Clot.
d

d.

d.

d.

d.

d.

d.

d.

d.

d.

5 52 •5 52

5 52

5 52

5 50

5 50

5 50

5 50

5 51

5 53

5 51

Deo.- Ian....

5 32

5 52

5 52

5 52

5 50

550

5 50

5 5)

551

5 53

5 51

Jan.-Feb—

5 53

5 53

5 53

5 53

5 52

5 52

551

551

5 53

5 55

5 53

555

Feb.-March. 5 57

5 57

5 57

5 57

5 58

5 56

5 55

5 55

5 57

5 59

5 57

5 59

March-Apr. 5 80

5 60

5 60

5 60

5 51

5 50

5 59

5 59

5 61

5 63

8 61

563

April-May..

6 00

6 00

600

600

5 63

5 63

5 63

5 63

6 01

6 03

0 01

603

May-iune
June-July..

d 04

6 01

0 01

604

6 03

6 03

603

0 03

601

6 07

6 01

607

0 06

608

6 08

6 08

807

6 07

6 07

0 07

0 08

0 11

008

611

Iuly-Aug... 6 11
K ug.- 4ept...

611

611

6 11

6 11

611

6 11

6 11

6 12

6 14

612

614

d.

Doc.

Steady

Steady at

Steady.

-

opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless

Dec. 16 —

For Bi emeu—Dec. 11—Steamer Nmuberg, 2,300.
Philadki.i'Hia—For Liverpool-Dec. 13-Steamer Indiana, 505
16—Steamer Britis.i Crown, 2,039.

Steady.

The

Marti), 5,010.

Norfolk—For Liveroool— Doc. 13-Steamer Kingdom, 5,323; bark
R. Morrow, 4,30
For Bremen—Dee. 16—Steamer FTalcvon, 4,355.
For Goitenburg—Dec. 13—Bark Auiicbia, 1,627.
West Point—Ft Liverpool—Dec. 12—Bark Ah blow, 2,100.
Boston—For Lveruool—Dec. 9—Sreamer Borderer. 2,7*0
Dpo. 12 —
Stea uer P.tvonia, 1,04.5
Dec. 16—Steamer Norseman, 2.524.
Baltimoke—F< r Liverpool—Dec. L2—Sceamer South Cambria, 1,446
Dec. 15-Steamer Sa matian, 2, 13.

buyers’

Futures.

Market,

Dee. 17-Bark John Watt, 3,*70.

For Antweip—Dec. 13—Steamer LotoJiirst, 4,996.
For Genoa—Dec. 12—Bark JedaneMi Dubrovacki, 2.383.
For Vera Cruz—Dec. 17—Steamer E*tabauda Aumnauo, 1,077.
Charle>ton—For Liverpool Dec. 12—Steaun r Para, 4,2L5...Dec. 16Bark Fiauk Stafford, 3,776
Dec. 8-Steamer Maude, 4,155.
For Havre—Dec. 18—Bark Hosten, 1,634.
Bremen—D
13-Steamer
H
For
e.
island,
; bark Juno,
.]
lor Bareeloi a—Dec. 13—Bark Yduu,
.
Savannah —Cor Liverpool—Dee. 13 -Ship Regent, 4.333
Dec. 15Bark rikomu, 2 603
Dec. IS—Bark E. T. G., 3.191.
For II i\re— Dee. L6-Bark Condor, 1.175.
For nremeu—Dec. 13—St amer Gleadowe, 5,960.
For Barcelona—Dec. 13—Steamer Wivenhoe, 5,010.
For Corunna—Dec 13—Brig Bailie, 609.

In

51316
51516

Mid. Upl’ds
Mid. Oil’ns.

Spec.& exp.

the latest dates:

Below

mmmm

V

267

Included in the above totals

Steamer Carn

....

Reval, steam—d. 51G-1132* 6ia~u32* 516-1132‘ 51G_1132* 516“1132> 516-1,32*

1.931

Total.. 112.499

l, 0i»

•••

1332*

....

....

....

....

•

....

551

55t

particulars of these shipments, arranged in our usual
follows:

....

....

....

55t

191.263

are as

Frx.

1332*

1332*

....

....

551

sail.-.c.

Do

....

1332‘
Jfl*

sail—c.

Do

....

....

1332+

....

Hamburg, steam, c.

Princess,

1,931
San Francisco—Tc Liverpool,

....

l332*

Amst’d’m, steam.c.

Baltimore—To Liverpool, per steamers Hanoverian, 3,700
Boston—lo

Do

1,363

34,004
2,655
Scot’s Bay, 3,5* 9
•To Havre, Per bark Bacchus, 2,843
2,*43
West Point—To Antwerp, per steamer Reupor, 5,121
5,121
Newfokt News-To Liverpnol, per steamer Pemptos and bark

NWsmore, 4,462

sail...d.

Do

824

2,738
1,650

Thurs.

Liverpool, steam d. 13t4~732* 1364"732* 13t4-732* 1364~732* l3G4—732* l3e4~732*
Havre, steam—c.

1,712
3,292

follows:

Wednes

Savannah—To Liverpool, per

steamers Ardaurigli, 3,654
NawortUCa6tle, 4,353 Upland and 101 Sea Island
To Bremen, per steamer Scaw Fell. 6,000
To Amsterdam, per steamers Madrid, 4,902
Serplio, 4,390
To Barcelona, per bark Gugiielmo C Stanford, 824
To Genoa, per bark Rosenrus, 1,712
Galveston—To Liverpool, per bark Mersey, 3,292
To Havre, per bark Griqua, 1,047
Wilmington—To Liverpool, per bark Fidelio, 1,363
To » rcmen, per bark Teviot, 1,468—per brig Svea, 1,270..
fJ o Ghent, per bark Niobc, l ,650
/
•Norfolk—'lo Liverpool, per steamers Lord O’Neill, 7,639
Salisbury, 5,22 )
Waverly, 3,09 >
per ship Austria,
7. 226
per barks Emilie L. Bo.) d, 4,660
M. & E. Caun,

as

December.

d.

....

....

....

....

Sept.-Oct...

....

....

....

....

Oct .-Nov..

....

....

....

....

-

..

....

....

....

....

....

••••

• • • •

•

...

•••*

• •

•

....

....

• • •

•

....

....

• •

•

•

553
5 53

....

•ft?

....

....

* *

•

•

•

Barrymore,

steamer (B^.), loading at L >cust, Point, Baltimore, for Liv¬
erpool. A tire broke out A. M. of L7th, between decks on steamer
Barrymore. 8he had on board about 3,009 bales of coiton and

Wednes., Dec

59,000 bushels of wheat and corn. Il^r engagements were
for 4.500 nales of cotton and 80,000 bushels of grain.
Up to 9
1\ M. of iho 16th she was s ill taking in graiu, and the fire is sup¬

Open High Low. Clot.

.

17.

some

posed to have been caused by tne accidental upsetting of

a

lamp

where the cotton was stowed. On investigation it was discovered
rihat the grain daimiged, about 12.000 bushels of corn, was in one
waicr- iglit compartment, ami it is said that the balance of the

grain has suffered very little, if any, injury.

The entire damage is

'tariiuated at about $40,000. ih mgli the cargo will h*ve to be
taken out before the actual damage can be known; fully insured.
Iberian, steamer (Br.), from Bosto i, N »v. 2 \ t.iok fire at Liverpool
Dec. 12, but it w«s soon extinguished. Tue vessel and cargo were

slightly damaged.

Sapphire, steamer (Br ), from New Orleans, Nov. 23, with a cargo of
5,8n8 bales of eott »n for Bremen, stranded Doc. 15 at Nieowe
Dieppe. Crew saved. On ihe 16th the steamer’s hull was under
water.

William Crane, steamer, frovi Savannah for Baltimore, returned to
thefoimer port on the 13th iust. with fire in her cotton cargo.




Thors., Dec.

Frt., Dec. 19.

Of)

Open High Low. Clot.

d.

d.

5 53

551

553

5 51

5 53

551

5 55

5 24

555

5 51

553
553
556

5 59

558

5 59

5 58

559

5 62

563

5 62

5 63

5 62

563

6 03

6 02

6 03

6 02

0 03

6 02

603

d.

d.

d.

d.

d.

5 53

554

5 52

553

5 52

5 53

l)ec.-Jan....

5 53

551

5 53

5 54

5 22

5 53

5 52

Jan.-Feb

5 55

5 50

555

5 56

5 55

5 55

5 53

Feb.-March. 5 59
March-Apr. 5 03

5 60

5 59

5 60

558

5 59

5 58

600

5 63

6 00

5 62

5 63

April-May.. 6 03

0 04

6 03

001

6 02

d.

d.

...

May-June.. 0 08
0 10
June-iuly
July-Aug... 0 14
Aug.-Sept...
.

....

Sept.-Oct.

• • •

Oct.-Nov....

....

•

d.

d.

5 51

d.

5 53 .5 54

December..

Open High Low. Clot.

-

6C8

0 03

6 09

606

0 07

6 00

0 07

0 05

0 07

6 05

607

0 11

0 10

0 11

809

0 10

0 09

0 10

009

0 11

6 09

6 11

6 15

6 14

6 15

0 13

014

6 13

6 14

6 13

6 14

6 13

614

....

....

....

....

....

....

....

....

....

...

...

...

....

....

....

....

....

....

....

....

...

....

....

....

....

•••*

....

....

....

....

•

••#

December

THE CHRONICLE.

20,1884.]

The comparative

BREADSTUFPS.
Friday, P. M

,

715

December 19,1884.

in the flour market
fluring the past week—more, however, in tone and volume of
business than in dearer prices. The export demand has con¬
tinued quite brisk, and the local dealers, with difficulty
induced to purchase freely on the eve of the holidays, have
certainly shown less than the accustomed reserve at this
season.
It is far less easy to purchase desirable lines at prices
approximating inside figures. To-day the close] was quite
There has been some improvement

firm.

shipments of flour and grain from the

years,

show

follows:

as

F.our

bbls.

Wheat
Corn
Oats

bush.

1883-S4.

1882-33.

1881-82.

1880-81.

Il,c67,153

9,523,570

8.574,876

8.391,187

63 974.257

40,315.570
103,045,4 34
49,008,246

53.178,006

81.339,332
50,777,243

65,562,345

5 614,155
5,953,853

9.764 619
5,773.334

5,261.613
3,141.197

47,368,051
103,597,755
32 955,680
4 755.982

Barley
Rye
Total grain

Below

speculation. The extreme low figures to which prices
receded early in the week brought 'forward buyers more
freely. They purchased not only to cover outstanding con¬
tracts, but there were operations] to a] considerable extent
arising from confidence in a higher range of values in the not
distant future.
To-day the opening was somewhat depressed,
caused a slight advance.
wheat going out of the
market to give support to efforts to advance prices; high
rates of freight check exports, and millers buy sparingly ;
the close was therefore dull.
but a demand to cover contracts
There is not, however, sufficient

2 RED WINTER WHEAT.

DAILY CLOSING PRICES OF NO.
.

,

elevator
January delivery
February delivery
In

March delivery

Sat.
82%

Mon.

Tucs.

Wed.

Thurs.

82%

82%

82%

83%

83

793s
81%

79*2
81%

80*4

90%

7.0*2
81%

8 '*2
82%

81

84

82%
84%

82:%
8 4%

Fri.

8i7s

84%

April delivery
86*4
86%
86%
85%
80%
87
88%
88%
87%
88%
May delivery
88
87%
June delivery
88%
88%;
89%
89%
88%
89%
Indian corn has continued scarce for immediate delivery,

but the demand has been so moderate and the speculation so

wanting in spirit that prices for nearly

all positions have

turned in favor of buyers, the advances, when occurring, hav¬
ing been mere ‘‘ spurts ” and not at all sustained. Supplies
of white and of yellow have shown some increase, and these

grades have shown less strength than mixed.
market was quiet.
DAILY CLOSING PRICES OF NO.

2

To-day the

MIXEDfCORN.

Tucs.

Wed.

54

55%

55%

54

51%

January delivery
February delivery
March delivery
April delivery."
May delivery

473s
403s

53%
48%
40%
46%

55%
53 4

54
47%
4658

53
47%
46%
46%
40%
46%

Sat.

47%
46%
46%
46%
46% ,nC 403s

46%

Fri.

Thurs.

Mon.

In elevator
December delivery

....
....

46%

52%
47%
40%
40%
46%
4o%

Rye has remained dull, but for barley the demand has
improved, and the bulk of the stock in store is held for higher
prices, checking business at the moment.
Oats have shown an increase of speculative interest, with
prices on an upward scale, while the regular trade has been
very good.
To-day mixed further improved, but white were
no dearer, and the close was quiet at
f°r No. 2 mixed
for January, 33JsC. for February and 35^c. for May.
The following are closing quotations:
FLOUR.

$ bbl. $2 15a>

Fine

Superfine
Spiing wheat extras.
Minn, clear and stra’t.
Winter shipp’g extras.
Winter XX

Patents

City snipping ex
Bouth’n stip’g extras.

2 35@
2 75 <2>
3 oOd>
2 75^
3 75 3
4 253
2 903
3 00 3

2 75 i Southern bakers' ana
2 85
$4 25 3
family brands
3 25
Rye hour, superfine.. 3 50 3
4 75
Corn meal—
3 153
3 25
Western, &o
Brandvwin«. <feo
3 35 3
5 00
Buckwheat flour per
5 25
l 90 3
4 25
100 lbs
4 00

5 00
3 75

3 40
3 4 i
2 10

GRAIN.

60

Rye—Western

Wheat-

Spring,per bash.
8pring No. 2
Red winter, No. 2
Red winter
White

Corn—West, mixed
West. mix. No. 2.
West, white
White Southern..
Yellow Southern.

75
80
81
70
78
46
52
49
49

49

9
3
3
3
3
*
®
3
3

86
83

32
34
33

Oats—Mixed
White
No. 2 mixed
No. 2 white

83%
90
86
55
54
51
54
52

65

State

j

38

3

33%

34% 3

52
Buckwheat
Bariev— No. 1 Cauada. 82
75
No. 2 Canada

State, two-rowed....

60

State, six-rowed

70

61
67

3
3
3
3

3
3
3
3
3

34%
35
54
86
80
6i
73

The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Wester ;
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending Dec. 13 and since Aug. j
for each of the last three years;

Flour

bbls.

Wheat.,.
Corn..,

bush.

Oats

Flour.

Wheat.

Corn.

Oats.

Barley.

Rye.

Bbls.lWlbt Buth.m lb* Bush. 50 lb.' Bush.32 lbs Bush.i&lb* Bush.bhu
41 070
406,301
332,923
070,370
131,193
1,309,705
Chicago......
10.170
2.830
100.810
40,800
Milwaukee..
510,305
73,001
4,313
2,550
Toledo
14,567
189,447
40,490
4,508
20.474
10.555
353
Detroit
98,396
51,079
3,610

Cleveland.
St.Louis
Peoria

..

....

4,129
27.992
1,500

Duluth

37.000

297,655
6.470

Total

The rail and lake
weeks were:
*

Tot. wk. *84

251,023

3,117,415

183,989

2,058.245
1,327,432

1883

1882

24.000

27,612

■•215.290

87,222

23,140

119,775

18,000

8,500

183,821

7S7.037

595 597

93.714

1.016,707

655,423
477,537

187.413

774,470

06,161

-4.374.057

60 213.704

35 409,838

23.646,373

8.835,823

3.173.174

4,100.939
4,124.379

47.000,599

47.814.004

30,301,217

10.719.22l!

48.018,144

28.888,101

22.703.980

7,723,282'

4,952.487
2,2 9.415




Week
Dec. 17.

271,829

257,656

207,139

124,311

247.014
997,482
345,462
198.533

252.151
857.915
310,922

--

226,993

489,290
994,117
474.893

162,201
17,028

254.985
89,677

2.657.511

2,252,952

shipments from

Wheat,

Corn,

Oats,

bush.

bush.

bush.

Bxrley,

Rye,

bush.

bush.

182.201

17,028

172,497

1,93 1.928

1,245,311

752,738

180,193
195,298

24.179
39,306

3,192.620

6.476.662 2,379.107

730,495

2.743 63L

4,476.110 3,423,239 1,472,105

921.613

1,797,768

Tot., 4 w.1200.276
4w’ka’83.1139,618

Flour,

Wheat,

obis.

bush.

191),063

150,150

61,777

8,809

500

16,063
7,947

8,500
1,600

14V200

337,330
28 .’,981

26.645
29,5 b5

237,583

Newp’t Nows..

-

-

-

.

.

Total week... 3 43.606
Cor. week ’83.. 3o8,611

562,743 1,636,3 44
465,9 85 1.082,299

same

19,560
1,500

2,000

12,253
......

......

87,077

Rye,
bush.

bush.
165,352 2 29,425
53.035 39,500
2,980
6,009
‘2,50)
71,00) 48,600
busn.

.

13,956

receipts at the

195,683

2 )6,017

Barley,

Oats,

Corn,
bush.
671.360
297,025

11,195

115,175

at the seaboard ports for the

The receipts of flour and grain
week ended Dec. 13 follow:

The total

1,617,134

554.503

310,397
358,283

New Orleans...

1,826,757

572,2 40
499,56 i

226.933
240.226

Baltimore

180,903
45,273

1,623,667

271.S29

Pniladelphia...

33,235

1,676,750

259.767

At—
New York
Boston
Portland
Montreal

1881.

ports for last four

same

bbls.

12,355
23,060
89,834

320,575 323,525
466,746 253,582

ports for the period from Dec.

four

24, 1883, to Dec. 13, 1881, compare as follows for

years:

1882-33.

1881-82.

1880-81.

13,560,214

13,669,785

12,423,498

12,242,000

Wh^at..... bush. 69,071,276

60,261,865

46,104,046
31,912,251

83,191,659
31,001.912
5,925.972
5,612,306

86,030,452
33.032,250

r87,926,236
101,681,799
26,311,481
5,461,907

1883-8 4.
bbls.

Flour

Corn
Oats

6,283,457
5,516,287

Barley
Rye....
Total gray.

The

26,632,847
5,606,772
2,094,766

2,106,457

223,490,880

...158,890.317 [18 5,996.74 L 153,407.037

week

exports from the several seaboard ports for the

ending D^e. 13, 1884, are shown in the annexed statement:
Exports
from New York
Boston
Portland
Montreal.
Philadel..
Balum’re
N. O'Pus
N. News.
.

Total w’k
S’me time*
18fl3
.

Flour.

Oats.

Rye.

Peas.

Bush.

Bush.

Wheat.

Com.

Bush.
561 *8 6
20,2 '0
16, uO J

Bush.
433,619

27,3 39
271,218
27,399

86,598
77,0)1
23,103

14.818
1, '22

25

924,615

763,967

130,301

385

56,411

28,313

736.430

717,435

212,726

1,500

186,310

11,250

138,351

‘

Bbls.

105,631
49.069

Bush.
351
9

•

17,361
......

9,5 14

Exports

1883.
Week,

1884.

Week,

to—

Dec. 15.

Dec. 13.

Bbls.

Bbls

Un.King
Contiu’ut
S & C. Aiu
W. Indies
Brit, col’s
Oth.c’n’ts

We add the
Corn.

Wheat.

Flour.

for week

x0,952

56,411

The destination of these exports is as below.
corresponding period of last year for comparison:

138,220
9,573

141.894
11,828

12,040

1881.
Week.
Dec. 13.
Bush.

22,316
502,2.9

4

1883.

Week,
Dec. 15.

1884.
Week.
Dec. 13.

Bush.

Bush.
658.109

484,093

193,303

24,2..8
42,578

175,428
38.971

5,218

10,467
8,476

20

8.g)4

11,«04

22,802

350

13

169

33,501

180,304

212.726

924,615

1883.
Week.
Dec. 15.

Bush.
5 43,177

13.-2-*
19 205

736,490

763.967

717,435

By adding this week’s movement to our previous totals we
of exports since September 1,

have the following statement
this season and last season:

exports since
Aug. 25, to—

1884.

Com.

Wheat.

Flour.
1883.

1884.

1883.

Aug. 25 to

Aug. 27 to

Aug. 25 to

Aug. 27 to

Dec. 13.

Dec. 15.

Dec. 13.

Dec. 15.

Bbls.

1,413,415
1.832,791
2,013,229

1882.
Week
Dec. 16.

Flour,

075,407

Same wk. ’83
8ame wk. ’82
Since July 28
1884

19.650
493.440
134.900

Wt ik
Dec. 15.

1,670756
551,M>3

Barley
Rye.

Total...

Receipts at—

1883.

1884
TTeek
Dec. 13

.

2.296,759

207,658.840 213.96/.203 102.326,214 195,974,227
the rail shipments from Western lake and river

ports for four years:

Week
tndina—
Dec. 13..
Dec. 6..
Nov.29
Nov.22..

35,182,423

....

are

The wheat market has at times shown much more activity
to the

same

ports from Dec. 24, 1883, to Dec. 13, 1884, inclusive, for four

Bbls.

Bush.

Bush.

1884.
Dec. 13.

Bush.

474

4,300 033
799.‘231
302,051

21,538

119,100

9,550.238
5,801,675

1883.

Aug. 25 to Aug. 27 to
Dec. 15.
Bush.

11,102.854
2,744,595
430,809
157,147

1,779,507

Continent...

1,091,201
170,220

121,004

9.581.545
11.249.952

8 4 0. Am...

23 L033

203 951

34,845

West Indies.

276.200

265,015

Bnt. Col’nles

277.931

146

8,010

37,267

70,790

O th. countr’s

10,313

250,777
10,527

13,437

600

43,079

104,630

2.605,013

2 030,781

20 879 925

15 3-2.533

5 601,430

14.070.855

Un. Kingdom

Total.

...

THE

716

CHRONICLE

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, 1884, was as
follows:

In store at—
New York
Do
afloat (est.)

Wheat,

Corn,

Oafs,

bush.

bush.

bush.

Albany

9,923,411
9g
461,339
2,000

Buffalo

2.7589 00

291,598 1,064,109
325,952
11,500
84,000
11,000
96,OoO
908,000

11,995,000
Chicago (<‘Rt.)
3 l 6,967
Newport News...
Milwaukee
2,598.868
—

Duluth
Toledo
Detroit

2,778,373

Oswego

Bye

bush.

b ash

296,273

00,102
281,107

1 f 8,000
323,«)00

32,000

502,000

188,600

83,000

17,082

94,502

11,207

J 3.00 J

3,493 966
25 819

233.058

2,606,758

173,288

68,800

49,784

21,144

35.168

Boston

104 924

238,039

434,035

Toronto (Deo. 0)..
Montreal (Dec.U).

161,873
296,687

691
450

459.4-0

St. Louis

Cincinuati(Dec.C)

Philadelphia
Peoria

Indianapolis
Kansas < ity
Baltimore
D >wl Mississippi.
On rail

in, *84.
0,’H4.
15, *83.
16,'82.
17,’81.

Dec.
Dee.
Dee.
Dee.
Dee.

18634.$

*
Included in the foregoing totals are the reports from Milwaukee
New Haven, Portland and Falmouth, Richmond, Willamette and Yorktown, the details for November, 1884, being as follows:

Milwau¬
kee.
meal—

Indian com
Barrels
Value
.$

New
Portland <£
Haven. Falmouth.

Wheat —
Bushels..
Value
$
Wheat flour—
Barrels
Value
.$
Total values—
.

4.350

407

656,259

24.427

50,036

35,449

39,20 L
29.661

12.197
303

14,891

71,633
59,5 42

4,836
105,226

949,281
8,6 35
96,900
829,‘^37
1,082,717

51,124
315,250
322 380

6,031
<5,458
10,105

592,581

1,560,045

3 4 -s.45 3

90,567
12,122

1,101
3,211

_

368

121.752
81,100

39.200

41.-0.1,779 4.617.251
4<>,8o9,033 5,365,666
35 1 18.221 8,815,3 76
1 '.781,137 7,107.700
is,216.593 17,932,203

51,736

4.167

2,400
1,392
41,135

16,048

100,894

.

Nov.,*84$
Nov.,’83$

1,163.499
783,750

28,000

25,000

17,031

5,250

2,360

5,050

1,485

84,844

17,134

23.725

6,060
7,375

84,314

800,834

48.725

47,641

137,777 1,029,553

57,855

1,185

133,587 600,725 1,449,438 1,220,067
50,412

THE

York,
town.

265

11 months—

633,585

Willa¬
mette.

r*or»

..

DRY

220,315 1,119,727

GOODS

3.250.213

898.834

3,129,975 870,338

TRADE.

Friday, P. M., December 19, 1884.

Although quietness

was

the prevailing feature of the dry

goods trade the past week, there

675.Gi9
3,302,210 2.075.36S
705,036
5.894,554 3,519,956 2,751.634
2,903,162 3,0 >2,084 1,277,996

proved feeling

2.589,090 2.851,627 1,32 1.911

character,

2.943 8G5 2,102,412

Rich¬
mond.

1,050
3,7t0

.

.

.

28,340
7,604
120,951

Tot.
T>r.
Tot.
T it.
Tat.

Barley,
140,093

[VOL. XXXIX,

developed

adapted to the present
as

continuation of the im¬

was a

lately.

season were

Transactions
chiefly of

a

<

in

goods

hand-to-mouth

is almost invariably the case at this time of year,

The following statement, prepared by the Bureau of Statis¬
tics, will show the exports of domestic breadstulfs from the

when both

undermentioned customs districts, during the month of Nov.,

purchases by pressing wants in view of the near approach of

1881, and for the eleven months ended the same, as com¬
pared with the corresponding periods of the previous year:

the “ stock-taking

jobbers and retailers
” period.

deuce to show that

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quiet, but

X
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kinds

of

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fair distribution cf domestics, prints

department goods

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© ©

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lots

©©•

CC

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a more

made in package
by a few of the large jobbers. Values have not materially
changed, but there was a much firmer tone in staple cotton
goods, and some descriptions have been slightly advanced by
manufacturers’ agents, who have lately closed out their accumu¬

and

| o o ;

-

beginning to take

spring fabrics—for future delivery.

iu certain

a

I

■OMX©
X© © —
x »*© O

however, ample evi.

hopeful view of the situation, in confirmation of which a very
was done by commission houses and importers

c

64,2516 71,3029 6,7543 7,609.1

was,

their

o

o*

*

•

are

govern

•

©© * * •
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There

distributers

disposed to

fair business

_

5

2 2 oo .x ;
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X I
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are

X 10

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o

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4
^5

exports of domestics com¬
pared unfavorably with the preceding week, only 890 pack¬
ages having been shipped from this port, which were distrib¬
uted as follows: Chili 188, Great Britain 11G, Mexico 107, Uru¬
guay 92, Hamburg 90, &c.
The general demand at first
hands was comparatively small, but a fair business was done
in brown sheetings and drills, with jobbers, exporters and
converters, and prices are firmer, some brands of Southern
sheetings and drills having been advanced ]^q. per yard.
Bleached gcods were in fair, though lessened demand, and
prices of leading makes, as Wamsutta, New York Mills, &c.,
were advanced to 10t£c., while low and medium grades are
more firmly
held. Cottonades were more sought for by
Southern and Southwestern jobbers, but denims, tickings,
cheviots and other colored cottons, were mostly quiet, as were
cotton flannels and corset jeans.
Print cloths were in mod¬
erate demand and a trifle easier, closing at 3 3-lGc. plu3 1 per
cent for 64x64
“contracts,’’ and 2 13 16c. for 56xC0s. Frints
in
were
irregular demand at first hands, but mostly quiet, and
there was a very fair business in ginghams, seersuckers,
chambrays, lawns, piques and white goods for January
delivery.
Domestic Woolen Goods.—There was a continued light
and disappointing demand for men’s-wear woolens at first
hands, and the jobbing trade was by no means active. Worsted
suitings were in fair demand, and there was a considerable
movement in leading makes on account of hack orders; butcassimeres ruled quiet and overcoatings were in meagre demand.
Satinets were l ght'y dealt in and sales <:f Kentucky jeans and
doeskins were strictly modetate in rmcui t.
Ladies'cloths,
tricots and all-wool dress goods were in steady, but moderate
request, And some-fair orders for Jeis» y clolhs were placed for
future delivery.
In flanmls and blankets there was a very
light movement, and all iwls and skirts continued quiet. Wors¬
ted dress goods were devoil of animation, though some fair
orders for spring fabrics were placed with agents. Carpets
were more sought aftor, and
there was a slightly improved
demand for hosiery and-knit' underwear by buyers on the spot
and through the medium of ^orders.
Foreign Dky Goods.—Tnedun .nd for holiday goods hav¬
ing practically ceased as far as importers and jobbers are con¬
cerned, there was a conspicuously light business in imported
fabrics suited to the present season. Fall and winter drefii

December

goods

20, D84.]

THE CHRONICLE.

were very quiet, but some fair orders for spring mate¬
booked for early delivery. Silks were

rials

were

dull, and

velvets, plushes and satins were in light request, save when
offered at prices which greatly favored the buyer.
Linen

goods continued sluggish, and laces, embroideries

and hand¬

kerchiefs have relapsed into a quiet condition, while transac¬
tions in hosiery and gloves were mostly restricted to makes

717

Receipts of Leading Articles

receipts of leading

articles of domestic produce in New York for the week
ending
with Tuesday last; also the receipts from
that

January 1, 1884, to>
date, and for the corresponding period of 1883:

adapted to the spring trade.
Importations

of

Week ending
Dec. 16.

Dry Goods.

The importations of dry goods at this port for the week
ending Dec. 18, 1884, and since January 1, and the same facts
for the corresponding periods are as follows:

\Total Ent’d

Total Ent’d

Flax Silk Cot n Wool

Flax Silk Cot n Wool

the

on

for

Total

of—

i

j

14, 1

to

to 00

x o

© X*
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© -J

»t- to X to on

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X©
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351,109
324

63,548
7A281

2,842,243
504,224

2.103
78.005

107,091

1,922
7,329

2.642

Rosin

bbls.

Tar

bbls.
bbls.

358

pkgs.

23,101
1,261

15,977

bbls.

72

461,037
5,642

443,992
7,659

360,560

394 712

23,840
3,459

Oil, lard
Oil, whale.....

galls.

Peanuts

bags.

2,666

94*443

S 4*420

pkgs.
pkgs.
pkgs.
pkgs.
pkgs.
bbls.

3,355

100,906
33,354
827,536
1,516,335

144.424

—

tes. A bbls.

5 46

36 7! 3
26.888

31,2-8
10,539

2,427.151
334.822
33 8,351
179. 03

37,514
965,188
1,529,5s S

2,425,195
722.908
465,303

No.

16,77 0
5,523
4,49 L

Rice.

pkgs.

6.673

Spelter
Steariue

slabs.
pkgs.

3,8"6

72,992
119.791

24 L

Sugar....
Sugar

2 4.519

bbls.
hhds.

13,854

2.035

Tallow
Tobacco.
Tobacco

pkgs.

1.361
3,1 46
677
1.634

13,128

11,621
77,664
15S.739

kegs.

boxes A

eases

hhds

bids
bales

•

1,375
7,629
2,077

63.983

55.S2S
134,814
104.552

368,486
44,691
65,650
130.049
18,-18

332,529

107,607
237.382

Oo

163,036

/

Ti

ft

Exports of Leading Articles of Domestic Produce.
The following table, based
upon Custom House

b. i-1

1 © X ©

*14-

3,018,760

CD

I-*

1

©

%

1

1

It-

g

CQ

145.115
67,548
107.319

347,398
229,403
131,870

82*478

Wool....

© *1 X to —

199,153

294.310
62,152

131

XX© *1 ©

© *1 © to ©

C © 01
X O' © © ©
to X X © 4*

-c

57.909
160.481

bbls.
Turpentine, crude
Turpentine, spirits... bbls.

Whiskey

©

,

.

52,345
5,889

17,921,495
8,346,160
257,1 22
095,376

163,405

26,643.807
4,990,354
35,264,232:
18,808,188
7,720,098
243,506

75,458

© <1 On O' O'

© if*

©

CD

^

X

X -

1-

X

©

j

CC CO Cl* GC CO

>

—

1

if)

or t 'o- '.>■ ©

*14-©.

.»s

M

C

X

©

—«

X

©

© 0/1 O' X

t-*

c a. x it-1—
M — tO C © ^
O' 4- tO X X

ft
ft

X to
c —

KJ

on
0^

I
ft

*-*

X to
tO -4

b*

i_,sr

ft

O’ to
© o*
to-]

©

■

1,698
1,836
3,115

pigs.

Hogs, drtssed

Cc

-4 1C cc CC cc

No.

hhds.

Lard
Lard

Tv ^

X tO © X
*1 X O' O'

7,297
6,036

bales.
sides.

Butter
Cheese

-

52.1 11
1,725

bags.
bags.
bales.

Eggs
^

129.2* 0

229.27 0
4.275

193,451

36,201,925
4,274,298
IS,464.885

6,988

a

X
X

179,025
9,900
€81,618

bbls.

©i—

b©

bush.
bales.
bbls.

Cutmeafs

s,

c ©

Peas

Provisions

I-1

X

©*l©XO'
©

bush.

s

©
© X
10 X i-1 X ©
© * 1 —* © *1

CCtOHOtO

©

Barley

x *1 O' ©

X

z

bush.
bush.

Pork
Beef

P
IO

Corn
Oats

£

►*

X

ft

© © O' X 0- ~f}

o

>

-

CO

'

X

w

g

*

6,057,655

bush.

Pitch
Oil cake

3

X *1 it* © 0”
i- *4 © X tO

B

i

b+

sc

c
*

©t*3

>-

ft

§

.

—1

1

it*

•

—

5,835,139

Rye

Leather
Lead
Molasses
Molasses
Naval Stores—

CO
-o

CO

O' to X ©

5,395
01,174

4,049

Hops

1

=Q

4,488

182,616

*

time
last year.

62,850

bbls.
bush.

Hides

^!

•—i

Same

114

bbls.

Cotton

1,

1,20 J

Corn meal
Wheat

Cotton seed oil
Flax seed
Grass seed
Hides

H*

H

to

©.©!

Flour, wheat

Since Jan.
1884.

bids.
bbls.

Breadstuff's—

of—

1—

1

►*•

|

co

Total

of—

!

Ashes
Beans

Flax Silk Cot n Wool

M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
n
o
u
M
i
s
c
e
l
a
n
o
u
V
l
a
n
u
f
o
t
r
e
s
M
a
n
u
f
c
t
r
e
s
port. fornsumpt.
market. consumpt
Total

at

of Domestic Produce.

The following table, based upon
daily reports made to the"
New York Produce Exchange, shows the

cv

returns,
exports from New York of all leading articles of
domestic produce for the week ending with
Tuesday last; also
the exports from the 1st of January, 1884. to the
same day, and
for the corresponding period in 1883:
shows the

■t*

i — on

Import* of Leading Articles.

The

following table, compiled from Custom II:>use returns,
foreign imports of leading articles at this port from
January 1 to Dec. \2, 1881, and for the corresponding period

shows the
in

1883*:

[The quantity is given in packages wlicn
!

China,

1881.

j

49,420
35,61 1

....

Buttons....

Coal, tons..
Cocoa, bags
Coffee, bags.

Cotton,bales

Drugs,

61,336
63.624

Peru.

Blea, powd.

Cochineal..
Gambier

.

.

Gum, Arab.
Indigo

Madder,

Soda,

-

sal...
ash..

Gunny
Hair

Hemp,

Hides,

bales
Ac.—

Bristles

28,583 Wines, Ae.—

.

dr’sd
India rubber

bory

Jewelry,<kc-

Jewelry...

'Vatelies
Linseed

and
Tea

bags...

.........

4,9. 6 Tobacco

316

379

....

861

baskets
Wines

100,141

Fancy goods
7,192. 'Fish

15.673, Fruits, Ae.—

3 093

1.280
17,578
272,733

12,325
.319,409

4,555,532

103,835

Lemons

..

Oranges

.

...

Nuts

.

$
1.721,194
1.051,466

1,781.505
1,278.072

1,046,519

918,232

1,682,076

1,212.749

1,443,356
1,460,685

1,175,014
2,523,142

.

.

Molasses..
Metals, Ac—

Hardware..

2,334
7,269
S3,7i 16

2,026
3.031
1,573

996,447
81,919

5,149




661

^

Raisins
2,157,058
3,602 Hides, undr. 16,014,12S 10,400,4 30
7,790 Rice
676,13s
464,239

8 1,880

Spices, Ac.—

2,068

Cassia

3.322|

Ginger

1.533

..

..

Pepper....
Saltpetre
...

368,288 Woods—

93,052
7,050
1,100

223,591
260,10i
1,145,230
286,956

Cork

947.280

Fustic

105,193

Logwood

..

Mahogany.

414,058
672.268

203.714
‘

1» 3,150

1,492,377
372,559
715,61

*

179

5,172.956

4,152
109.854

570,657

25.629,028

3,999
116,910

Rye

bush

55,11 1

Oats

bush

335

Barley

luisb.

Peas
Corn
Candles
Coal
Cotton
Domestics

bush.
bush.

181,71“
489,445 4 5.21 H

......

1,997

pkgs.

5 13.313
948

tons.

431

bales.

21,786

pkgs
bales.
bales.

Heo
571

bbls.
bids

Tobacco

13<*,4t 9
77,8 (8

54,644
700

ewt.

2 ',: 07

100
1<6

9,341
0,529
2,045,0 6

48,780
141,455

19,866.681
4.111.393

158,4509.977

116,957

24,490.440
47,847

68.935
620,397
134 352

122,126
29,991
255
31.942

231,103
9,015
6,674

2,107,168
136,751

gals

14,366
1,214

4,9.149
5 ! ,570

gals

6,220,4.3

321,599
504.899
36,541

360,916,7 02

389,990,390

3,6:9
1.874
1,556

127,163

171,040
46; 871

9,491,425

198,3^0,841
15,645,376

......

176,934

4 8.232

41,062

46.653

272,896,700

lbs.

20,412

402.402

18.341,908
93,714.227
191,104.776
20,216

lihds.

30,912.716

2,318

36,458,730

83.246
50,532
6,4' 0,127

97,573

976
13^.013

2,282

95,525

5,129,000
425

cases

Tobacco,manufactured, lbs
Whalebone

673,001

-1,268

1,097,869

bales and

50.048
65,342

233,178

bbls
bbls.
tie:

;

114,997
11.23,8,220

1 ti.999

gals

Tallow

94.225

93

gals
gals
A

2,457,931

1,454

Whale

Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cut meats
Butter
Cheese
Lard
Rice

4.395,300

bbls.
bbls.
bbls.

Sperm

Tobacco, leaf
■

17,498

1,650

Oils—

1,0! 2.122

10,844

bbls.
bush

Rosin
Tar
Pitch
Oil cake

$

1,542
208

Flour, rye
Corn meal
Wheat

Spirits turpentine

87,014

1,332
178

4,171.116

Crude turpentine

205,763
80,042

10

Same time
lust year.

111.848

Naval Stores—

230,017
307.930

1884.

bids.
bbls.

Hay
Hops

1.152.233

170,905

..

766; Reported bij
8,41 4 value.
30,191 Cigars

7- ,363

5,940,174
1,011.322
89,220

Cliamp’gne

71,175 Wool, bales

9,075
19,654

588,522

....

..

Hides,

Cutlery

26,137

8,703
7,1 Ml

600,366

Sugar, boxes

33,836

13,782
14,687
cloth

tes., A bbls.

30,567
2,315

65,347
•

7(

13.656

..

bi-cb.

9,68

9.089

Ae

..

*vc—

Since Jan. 1.

I>cc. 16.

lbs

Flour, wheat

3,096,883 Sugar, lihds,

4,571
6,017

Oil, Olive..

Opium
Soda,

>

3,005,606
8,312

Metals,

18 SO.

“

762,8969,6 2
10,212

10,40

188 4.

bbls
bbls.

.'

Beeswax
Breadstuff's—

40,139
lion. pig...
126.795
175,705
50,0S;t:
HR. bars
1 3,5 1 r>
9,122
651.8 12" Lead, pigs.
41.457
i:-:.9i3
73,608
Spelter, lbs 4,913,729 7.123,0©5
9,960
Steel
l,7o7,l 49 2.3 to,74°
12, i 3 r Tin, boxes. 1,940,57 9 2.078.1-7 *
53,512
Tin slbs.,lbs 21,028.162
>5,100,5 9
59.88 i Paper Stock.
298,958
230.128

Ac—

Bark,

Flax
Furs

|!

Ac.—

China
Earthenw
Glass
Glassware
Glass plate

Soda,

1883.

Ashes, puts
Ashes, pearls

not otherwise specified. 1

Week ending

1

>s.

89,34 1.555

141,847.912

50,725
6,591,625
230,639

THE CHRONICLE

718

[VOL.

(Commercial (Cards.

fftuanctal (Corap <raios.

^uMiattious.

BUSINESS.

OTHER

AT0

Brinckerhoff, Turner

Suretyship.

Bonds of

HAND-BOOK

Railroad Securities

••••••••••

•

Y ice-President:

President:

COTTON

HON. JAS. FEUKIER.

SIR ALEX. T. GALT.

JANUARY, 1885.

And all kinds of

214,000

insurance Department

Deposit with

COTTON SAILDUCK

$300,000
400,000

Casb Capita!
Cash AssGts

Manufacturers and Dealers In

AMERICA.

NORTH

OF

BROADWAY.

DESCRIPTION; INCOME;

Directors—Joseph W. Drexel.A. L
Hopkins, II. Victor Newcomb, John Paton, Danie
Torrance. Edw. F. Winslow. Erastus Wiman.
New York

DIVIDENDS.

PRICES;

&

FIDELITY

A Description of the
and a

Statement of

Stocks and Bonds,
tiie Income for four

past, as well as the annual charges
against income, of all Railroads whose
securities are commonly sold in the markets
of New York, Boston, Philadelphia and

years

Baltimore.

Highest and Lowest Prices, Monthly.—
United

Securities—For the yeais

States

1883 and 1884.

Railroad Bonds and Stocks in New
For the years

York —

1883 and 1884.

Railroad Bonds and Stocks in Boston—

1883 and

years

Railroad Bonds and Stocks in Baltimore—

1883 and 1884.

Joy, Lincoln &Chauncey
Motley,
Strut,

43 & 45 White

OF

DIRECTORS

accepted by courts

Yearly Range of Active Stocks—Date

of

Dividends on Railroad Stocks sold at the

Exchanges in New York, Boston, Philadel¬
phia and Baltimore, paid during each of

,

OFFICE”

W. G. Low,
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S. B. Chittenden.

CARPETS.
Before buying your Carpets, Linoleum, Oil
Cloths or Mattings, call at BENDALL’9

Richards.

Carpet Store, 114 Fulton St., basement
floor. Cheapest place in the city. If not con¬
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V.Prds

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Bank of Buffalo,

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$300,000

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FOR
Geo. H. Giloert Mig. Co.,
SELLING AGENTS

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&

COM¬
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Wliite Mfg. Co,,
Saratoga Victory Mfg. Co.,
Hosiery and Yarn MUIr.

:

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J.S.T.Stranahan, H. A. Hurlbut,
A. B. Hull,
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highest and lowest prices made in the years
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Dividends.—

BOSTON.

Ocean Mills Co.

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15

AGENTS FOR

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Kange of Prices by Years.—

in

Street,

NEW YORK.

CASUALTY DEPARTMENT.
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Full information as to details, rates, &c., can be
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John M. Crane, Sec’y.
lion’T J. Hildas, Ass’t Secretary.

1884.

For the years

CASUALTY CO.,

from
The bonds or this Company are
of the State of New York.

For the years 1883 and 1884.
Railroad and Canal Bonds and Stocks in

Philadelphia—For the

all Widths and Colors, always in stock
No. 109 Duane Street.

SURETYSHIP
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Nos. 214 & 216

CONTENTS.

DUCK,

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D. J.

FELTING

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COVERING, BAGGING, RAVENS DUCK,SAIL
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Managing Director: Edward Rawlings.
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NO. 178

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