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HUNT’S
MERCHANTS’
MAGAZINE,
J SRNrfcljj IMwispapey,
representing the industrial and commercial interests of the united states.
!Entered, according to act of Congreaa, in the year 1881, by Wm. B.
Dana & Co., in the office ot the Librarian of Congreaa, Washington, D. C.l
THE
Future Rate of Interest
WTiftt
the
Central Report
Shows
Tho Financial Situation
.
CHRONICLE.
727
728
720
Traffic Operations of Central
731
and Erie
Immigration from Germany.
Lake Shore’s Business for the
Current Quarter
Monetary
Commercial
and
English News
bottom of the table each
733
Foreign
1881.
737
Stocks
Range in Prices at the N. Y.
Stock Exchange
733
THE
GAZETTE,
notations of Stocks and Bonds 739
ew York Local Securities
740
Railroad Earnings and Bank
741
Returns
State, City
Corporation Finances... 742
Investments, and
and
COMMERCIAL
TIMES.
Commercial Epitome
745
Breads tufls
751
Cotton
746
Dry Goods
752
Jan.
..
Feb...
.
..
Jnly...
Aug...
Sept.
.
%\xtFinancial
Chronicle.
Chronicle is issued
and
Nov...
Dec..
every
Satur¬
day morning, with the latest news up to midnight of Friday.
•‘Entered at the Post Office, New York, N. Y., as second-class
TERMS OF SUBSCRIPTiON-PAYABLE
For One Year (including postage)
For Six Months
Annual subscription
Sixmos.
do
mail matter.J
IN ADVANCEi
$10 20.
do
6 10.
in London (ineluding postage)
£2 7s.
do
do
1 8s.
Subscriptions will be continued until ordered stopped by • written
or at the publication office.
The Publishers cannot be responsible
•lor Remittances unless made by Drafts or Post-Offloe Moner Orders.
order,
A neat file cover is furnished at 50 cents;
■cents. Volumes bound for subscribers at $1
postage on the same is 18
00.
London and Liverpool Offices.
The office of the Chronicle in London is at No. 74 ©Id Broad Street
Liverpool, at No. 5 Brown's Buildings, where subscriptions and
advertisement® will be taken at the regular rates, and single copies of
the paper supplied at Is. each.
WILLIAM B. DANA. \
WILLIAM B. DANA Jk 00., Pahlishsrs,
/OIIN a. FLOYD.
5
79 A 81 Willi** Street, NEW YORK.
and in
Post Office Box 958.
FUTURE RATE OF INTEREST.
leading money markets of the world have in late
years entered into closer relations with one another than
they have ever before held. This is the fact even as
between European centres of trade, but is peculiarly true
with regard to our own relations with the old world.
Slectricity and steam have annihilated distance, while a
common monetary basis for exchanges, completes the union.
We can not, however, infer from that closer connection,
a
permanently low rate of interest for commercial paper.
The
That
was an error
1876 to
numerous
writers made in the years
1879, when an absolute lack of enterprise, follow¬
ing the previous years’ liquidations, led many to imagine
4hat rates here would continue to assimilate to those then
ruling in Europe. This idea has also been somewhat
encouraged by the conditions prevailing during subsequent
Tears; for slack trade in Great Britain and on the Conti¬
nent—while enterprise in the United States was develop¬
ing but slowly—has kept the markets plethoric with idle
capital. It is only now that we are beginning to note the
ehange in progress, and still the value of money has been
gradually, though almost imperceptibly, rising during the
last three years. To show this we have prepared*from the
figures we publish every week, the following statement of
1878.
1810.
1875.
1873.
1874.
j
8 ©11
436@6 7 ©8
436@0 536©636 8 © 936
5 ©0
@6 j436@536 4364*5*4 4 ©5
534@0,’6 536©636 • ©11
5 @0
11 @12
5 @0
536@7
@6
5 £6
5 @6 4 (a.5
8 @ 936
@5364 @5 ,4 ©5 :336@436 436@536 4 @5 5 ©6
5 @0
@5 ;336@5 |336@434 336@436 4 ©536 4 @5
•36© 7
336©436 4 @5 |334©436 334@4 jd36©436 3J4@436 4 @5 5 @536 8 © 7
7 © 736
4fc@5J*:5 @536 5 ©0 j3J^@4«4 5 @6* 3 ©4 434@536 5 ©0
536@6 5 @536 5 ©036 4 ©5 <5*4@7 4 @5 536@636 6 @7 •Nomln’l
5 @036 14 ©1936
5 @036 0 ©7
0 @636!5 @536 536@«36 5 ©6 ,6^©8
534@634!s @5*4 536@036 436©5>6 536©7 5 @0 0 @7 5 @034 11 ©17
0 ©036 9 ©HI
0 @036 536@f>!6 536@636 434@536 5 ©034 534@036 0 @7
3
@536 5
@594 4
@536 3
©5 5 ©03a
©436 4*C@0 [4
0
@5
5
@7
@6
Year
av’ge 4*4@536 5
*
Panic.
©534 434©536 434©534 436®0
436@5*4
5
©0
536@036
9
©11
No rate obtainable.
Some facts must be remembered in connection
with the
above, in order that the statement may be rightly in¬
terpreted. In the first place, the figures for the summer
of 1881
are
not
Trade was so sluggish in
market at London
1-J<a)l§- per cent,* while the
wholly natural.
Great Britain that interest in the open
ruled much of the time at
tragedy at Washington so shocked our people, that it gave
a
partial check to enterprise in the United Stages. Then,
again, the extreme figures for the winter of 1879 80 are
special, for they reflect a temporary excitement connected
kind of speculative cvclone
the country, under the exhilarating
influence of the confidence and enterprise which followed
the establishment of specie payments.
We may also add
the further explanation, that some of the changes in the
quotations during the last three years, are the result of the
operations of the Government in connection with refund¬
ing,—loanable funds having thus at times been made spas¬
modically abundant and scarce.
But passing that feature
which has been a source of unnatural disturbance during
the whole three years—and making allowance only for the
peculiar and exceptional rates of this summer, when com¬
mercial transactions were so restricted here and in Europe,
will easily bring the year’s average for 1881 above that
for 1880, as it really should be.
Or taking the closing
four months, the active season of the last two years, we
reach perhaps a fairer comparison of the present con*
dition, which is as follows :
—average rate from September to December
inclusive, 1881
@
—average rate from September to December
with
-
1879.
1880.
.
@5% 5
Mar...
@6 l5
April
@5)6 5
May
3$4@436 5
June,. 3 @4
4
Oot....
The Commercial
.
BANKERS
Ex¬
average.
735
News
732
change, U.S. Securities, Statu
and Railroad
Bonds and
year’s
York
at the
Average Rates Ruling in New York for Prime Commercial Paper
Each Month in—
733
Commercial and Miscellaneous
.
THE
862.
average rates for prime commercial paper at New
each month from 1873 to the present time, giving
CONTENT8.
Money Market.
NO
SATURDAY, DECEMBER 31, 1881.
VOL. 33.
a
rampant speculation—a
—which swept over
inclusive,
1880,@ ^
of England
placed at
thaft after the rate of l1#
It will be remembered that tenders received at the Bank
for British Treasury bills for three and six mouths were
low a figure as to yield for the
Icsb
*
per cent per year.
THE
728
(Tot, xxxm.
CHRONICLE.
In connection with the foregoing it should be remem¬
suggestion, apparently disagreeing with the above con¬ bered that in 1878 (Oct. 2), the City of Glasgow bank
clusion, is the present anomalous condition of what are called
failed, followed by the suspension of several prominent
demand loans. Money, for instance, can be borrowed on
firms, and that confidence was only slightly reviving
Qcrvernments to day at, say 3 to 4 per cent, and is so
when Messrs. Fenton’s bank failed, and this was fob
borrowed and hence the quotation.
But to cite this cir¬ lowed
by the suspension of the West of England and
cumstance as reflecting the state of the loan market is
Then again, at the close of 1874
South Wales bank.
very misleading.
It is a feature of the market, but in no Paris was drawing gold heavily from London, preparaway represents the relative situations of borrower and
tory to resuming specie, payments, while Germany wag
lender.
In the first place we all know that United States
also drawing on England in pursuance of its coinage
bonds are growing scarcer, so that the offerings of this
arrangements.
description of security to money lenders are only in a very
With these explanations the reader will better appre.
A
of these bonds can
secure, and hence
large dealers in Governments have these funds offered to
them on such collaterals freely.
But even with Govern¬
ments, an ordinary borrower will find it difficult
to
place them at less than 5 or G per cent,
limited way. Then, again, the holders
obtain funds that no other pledge can
significance of the fact that at no perioa covered
by the foregoing table have high Bank rates and high
open market rates been so uniform as now.
They have
been higher at times in certain localities, due to special
ciate the
remember have the
influences produced such concert of action.
influences, but never so far as we
associated banks have any prevailing
Later dates than the above show the present open market
At least we are knowing rates
money out now at a lower rate.
higher still, and a probability of an advance in
to the fact that one of the largest obtained this week G
Bank rates.
per cent for $200,000 on Governments, and that the
Of course it is understood, as already stated, that the
transaction was effected after the borrower had refused to
risk of losing the decreased gold reserves now held, is a
accept the offer and had been out trying to secure it else¬
common danger all European centres of trade are guard¬
where.
by the rise in the Bank rates. But the
The foregoing facts and suggestions appear to indicate ing against
improved open market rates are in a considerable measure
that during the past three years there has been in prog¬
a reflection of
the renewed business activity.
We must
ress, and is now, a slow but perceptible upward movement
be prepared, therefore, for this changed condition. It is
It would be
in the interest rates in the United States.
not reasonable to anticipate again such a condition of the
irrational, however, to conclude that there are to be no
fluctuations in the future similar to the past.
There are money markets of Europe as existed this summer. With
then activity resumed in Europe, and with our own indus¬
always dull months for money, as there are quiet months tries
constantly expanding, the result on our money
for trade in every year; but with gold remaining as the
We
doubt
whether
our
from the
under the constantly
in Europe, we see no escape
basis for currency
conclusion that the coming year,
market
can
hardly be doubtful.
WHAT THE CENTRAL REPORT SHOWS.
increasing uses for capital in this country, will further
The New York Central report commands and is deservbring up the average interest rate, and perhaps more
actively than hitherto.
ing of an unusual share of attention. This 19 so for
That there is a special reason for this latter conjecture various and obvious reasons.
Yet we have seen nowhere
may be seen in the changing condition of European indus¬ that close scrutiny and careful examination that the report
tries. In Great Britain, Germany, Austria, &c., business has merits this year more than ever.
For a portion of the
been extremely slack up to within three or four months;
period covered by it a railroad war, fierce and unexampled
but during that period an improvement has become most in severity, has been waging, and of the combatants the
manifest, so that all over Europe now trade is comparatively Central has been the most uncompromising and unyield-
from every direction, and finds incr
confirmation, if we needed it, in the decided rise in the open
Moreover, it has been given out that the war was being
market rates for money. Of course the high Bank rates were
prosecuted on behalf of a principle of vital imp *rtance to
primarily the result of the struggle for gold. But we the interests of the commerce of the port and of hardly
never remember a time when these Bank rates and open
less importance to every stockholder of the Central.
This report comes
active.
ev
another and so uniformly There has, therefore, been much curiosity among the
high as now, except at a time of special distrust. To public and not a little anxiety among the stockhoiders to
illustrate our meaning, we give below the Bank and open know the exact results.
These results the report purports
market rates at London, Paris, Berlin, Brussels, and to
give, and the figures in it are not unnaturally accepted
Amsterdam, on or about the 10th of December of each as a true measure of the extent to which the Central is
vear since 1S73.
affected by the war.
But in view of the importance of
the subject it is at least worth while to see whether in this
of Interest in Europe.
case the bare totals offer a reliable guide—whetner there
About Dec. 10.
lfcTS.*
1879.
are not other considerations for which allowance in»s to be
market rates, were so near one
Hate*
1881.
18»0.
5
3
1977.
1870.
1875.
4
2
8
187IA
lonaon—
Bunk, rate
6
Open mktbk*.
do
5
8
trade* 4>4©&>4 33^4
3
<g3>6
@
-
6
smsA 1 mzA
2A&SA
33^4
8
@33*
5
334
3'm -
Open market..
3
3
6
2
3
4
4
2
2
4
4
43-6
334
434
3M
5
334
'434
334
m
zx
434
($334
434
4K
Berlin—
4
5
Bank rate
Open market..
4*
-
434
834<£3J6
Bruaeele—
4
534
5*
3*
334
8
Bank rate
5
3
8
4
S
3
3
Open.market.
4*
2H
8
4
6
3
3
Bank rate.....
Open market..
3^33*
3
4
-
*
Open market bank bills 30 dava to 0 montha.”
1 Wwn market trade bills 4 to 6 months^
made.
©53*
At the outset we
0
334
334
would remark that
there appears to be
just what the figures
show. The general way of stating the net results of the
year’s operations is to say that in 1881 there was a surplus
of only $754,483, whereas in 1880 there was a surplus of
$3,427,706. Now, the impression that this makes upon the
mind is that while in 1880 a surplus of almost 3£ millions
carried forward, this was so far - entrenched upon m
1881 that only about three-quarters of a million remained
at the end of the year.
The truth of the matter is the*
a
ParisBunk rate
Amsterdam
0
5
widespread misapprehension as to
was
December
.
THE CHRONICLE.
31, .1881.3
year’s operations are considered by themselves, and
that the surplus is reckoned after making full allowance for
all expenses, interest and annual obligations, and 8 per
cent on the stock, and that in neither year was the surplus
ef previous years taken into account or encroached upon.
In fact, the total surplus was $13,216,848 in 1880, and was
further increased in 1881 to $14,752,665. This surplus
cited.
There
729
are some
unusual
count the
items in the
expense ac¬
present year. For instance, in the
summary
before us, we see it stated that in
operating expenses are
included 9,014 tons of steel rails.
Turning to the
for the
report
previous year,
tons were
of
included.
we
find that in that year only 6,355
Here is
an
increase in
one
item alone
than 40 per cent.
more
Probably this added about
been absorbed in various ways in improve¬ $150,000 to expenses. We find it further stated that
ments, additions, &c., and is consequently to a large operating expenses include 44
locomotives, 45 passenger
extent nominal.
cars and 478
freight cars. This is extraordinary, not so
But it may be remarked that even though each vear be much in itself as in view of the fact that last
year the sur¬
considered by itself, a falling oil of 25- millions in net in¬ plus was calculated without making allowance for
any such
come is sufficiently serious.
It is on this point we think a items. Last year the company added
only 37 locomotives,
few words of explanation desirable.
First, however, we blit these were paid for, not out of earnings, but out of
will give the figures of earnings, expenses, etc., for a the $3,427,706
surplus on that year’s operations. The cost
has of course
number of years past.
Year
of the 44 added
Operating
ending
Sept. 30.
Gross
Expenses,
Net
Earnings.
Interest and
Income.
$
$
1872....
1873....
25,580,675
29,126,850
31,650,3*5
29,027/218
28,046.588
26,579,085
28,910,554
28,396.583
33,175.913
3*2,348,396
17,608,805
Dividends.
S myitis.
Rentals.
1974....
19,603,793
21,937,031
21,688,023
20,833,513
19,635,738
20,872,109
20,802,098
22,606,093
24,455.569
$
7.071,970
9,523,( 57
9,713,351
7,339,195
7,213,075
6,943,347
8,038,445
$
7,214,831
7,130,790
7,130,88 1
7,136,079
7,133,528
7,140,659
7,7 39,528
7,139,528
7,141,513
7,138,343
$
727.039
■
2,3-6,267
2,576,170
202,516
73,547
this year
it appears was all charged to
expenses, and the surplus diminished accordingly.
We do not know what the
company paid for its
locomotives this year, but the 37 purchased last
year cost
$252,050, and
$299,735.
that basis the price of 44 would be
We take this as a safe figure, though it is
on
without doubt much too
low, as it gives the average price
per locomotive at only about $7,000, while a standard
1877....
*197,312
1879....
898,917 locomotive
to-day would cost very much more.
1879....
7,591,485
454,957
1890....
The
10,569,220
3,427,707
2,909 freight cars purchased last year and paid for
1891....
7,892,827
751,484
from surplus were set down at $1,569,165, so that the 478
Deficit.
bought this year may be reckoned at $257,841. The 45
As compared with other years the figures of 1831 are
passenger cars may be calculated at an average of $4,000
thus undoubtedly very unfavorable.
The railroad war a
piece, or $180,000 for the lot. Thus in this way—for
being uppermost in men’s mincls at present, it is not strange
engines and cars and increased steel used—tho company
therefore that the public should reason somewhat like
added this year to its expense account
$887,576, and this
this:—If under a contest of only four months the Central
amount is probably an
underestimate, as everything is
shows such disastrous results, what would be the effect
higher this year than last. It follows that if the accounts
upon it if the war were to continue an entire year ?
But had been
kept in the same way as in the previous year, the
is the poorer showing this year to be attributed
wholly to expenses instead of
showing $1,600,000 increase would show
the war ? Let us see.
only
about
$700,000*
increase, and that net earnings and
The loss in gross earnings is
comparatively small—a
surplus would be about $900,000 larger than they now
little over $825,000. The loss in net is almost
$2,450,000, appear. It is to be
remembered, too, that these are only &
on account of an increase of over
$1,600,000 in expenses. few items that
appear on the surface. We have not all the
Now it is known that during the first six months of the
details of expenses.
If we had, it is not unlikely that the
year under review the gross earnings were about the same as
real increase in expenses would be cut down still further.
in the corresponding period of the
previous year—the total And with such facts before us the conclusion
seem3
was $16,312,316 in 1879-80 and
$16,342,568 in 1880-1. It irresistible that the Central has fared
better than the
is also known that in the latter year this
period embraced skeleton statement issued to the
public would have us
a winter of
exceptional severity, from which the Central believe.
suffered in common with other roads, so that its
expenses
Since writ in# the. above tho company has marie public n Rt'i foment of
must have largely increased over the previous
To Its construction account for tho
year.
p:»st 3 ear, and from it we
that to
that account there was charged the cost of 7 locomotives Mid 3,071)
the extent that this was so, is the total increase of
$1,600,- freight cars. Presumably these engines and cars are additional to those
mem ioned above as having been charged to
000 in expenses, for which the railroad war is held
operating exTirmes. Why
respon¬ 7 locomotives should be charged to construction
and ll to ex¬
sible, diminished. To that extent also will the Central be penses. and 3,000 freight cars to construction >»>ul not far
1875...
1976....
*
*
in
better position another year, for the
rigor of last
winter is not
likely to be experienced again the present
season, or for some time to come.
Further than that, if
the gossip current at the time, is to be
a
believed, the
business of the Central fell off in the months immedi¬
from 500 to expenS 'S, ami why 45 passenger ears should b* oil irged
altogether to expenses, we confess our inability to unders^.d. Prom
the figures given in this co..»truetUm account its the cost of lum 7 iooumotivvs and 3,070 freight cars, we are enabled to form a hotter idea of
the cost ot the engines and cars included in expenses.
Using the-*
figures as a basis, instead of th s ; fm* last year, the am amt of the
inei eased expenses accounted for is raised from $887,576 to $
7,
aud this bears out our remark tha; the former sum was au uado;esti¬
mate.
ately preceding the
war, and rates were first reduced
because of that fact and with the
purpose of again increas¬
ing the traffic. If the business did fall off, as seems proba¬
ble, net earnings diminished even more largely than gross,
because expenses must have been heavier, and just in the
sum that
they were heavier did they contribute to the
total increase in
expenses, so that to this further extent
k the railroad
not
responsible for the $1,600,000
figures by months we should
Rot be
surprised to find that both in gross and net the
Central had lost much less than is
generally supposed
during the four months of war included in its return.
increase.
If
war
we
had
the
But the increase in
expenses can be accounted for, in
pait at
least,
even
without making allowance for the facte
THE
There is
FINANCIAL
SITUATION.
improvement in the tone of the Wall street
The speculative manipulation for a
decline appears to have ended for the present at least, and
the greater part of this week has been devoted by opera¬
tors in taking back some of the stocks of which they have
This recovery however, is not
been such free sellers.
wholly due to the covering of short contracts. There have
been liberal purchases made of some of the best of the
investment properties, and these withdrawals from the
floating supply, added to the buying to cover shorts,
naturally resulted in an advance more or less rapid.
Probably the traffic reports of the Vanderbilt roads,
an
markets this week.
THE
730
[vou xxun.
CHRONICLE.
public last Friday, have helped as much as anything
tabards the unsettling of values. The balance sheet of the
New York Central was regarded as an especially unfavor¬
able exhibit.
This was due more to the form in which it
was given to the public than to its substance, since on later
•examination it is found to be about what was anticipated.
"We have reviewed the figures in our columns to-day and
made
the securities .until a market can be found
Hence it will be best to abandon the expects,
for them.
tion of anything like such a plethora of money as we havt
had for the past two or three years.
The eupply in tht
immediate future is likely to be ample for legitimate needs,
The Treasury will pay out $12,116,978 for interest on and
to
carry
of January, and during next month ther«
should be liberal offerings of the bonds embraced in the
105th and 106th calls, the amount outstanding now being
the 3d
after
the reason for the net result being so unfavorable
as compared with a year ago, is that the mode of
about $16,000,000.
Great reliance is placed by specula¬
keeping apparently changes from year to year,
tors upon the disbursements of dividends and interest by
so far as determining what items are to be charged to
corporations, for it is expected that a considerable part of
the construction account and what the expense account.
this money will be reinvested in stocks and bonds, which
Whether the present Central system has this year
show that
book¬
that is
adopted for Lake Shore and Michigan Central
is not so evident.
If it has, an explanation is afforded for
the large increase in cost of operating those properties.
How strange it is that amid all the noise and oratory
annually wasted against corporations, the only practical
suggestion towards reform, of making them keep and
lish. their accounts in a uniform manner monthly, has
never been adopted !
As the case now stands, the ordinary
eutside investor can buy no stock except at a risk.
When
fche law compels managers to give out these reports, and
a
healthful public sentiment consigns to some hot place
any director who bears his own stock, we shall have taken
been also
pub¬
long step
a
towards a financial
Since the afternoon
millennium.
of Tuesday there has
been, as stated,
regard as low at the present time. It is prob.
$50,000,000 of these disbursements will
be made in this City alone.
But a large portion win
undoubtedly go to pay current family expenses and not t#
re-investment.
Besides, the larger investors are mo*#
likely to have bought through the past week in antiti.
pation of their dividends than to wait until received.
The Treasury operations have resulted in a gain, which
is a loss to the banks, of $276,208 08. There is no change
of importance to note in the domestic exchanges, which
continue to rule against this city at all points except Bos¬
ton ; but there have been large arrivals
from many
near-by places this week, so that the extent of the interior
movement for the week ended December 29 is in favor of
this city, as will be seen by the following.
some
may
able that at least
steady improvement in the market. From the
Received.
Shipped.
Receipts at and Shipments from N. T.
the buying of the Vanderbilt stocks, and from
$403,000
$1,438,000
circumstances which have come to our knowledge from Onireney
253,000
30,000
>
Gold
which
would
sources
are regarded as reliable, it
appear
$656,000
$1,468,000
Total
probable that those speculators who, from their position,
The movement shown in the foregoing and the Subhad opportunities for obtaining early information, have been
during the last three days large buyers. There is also Treasury operations for the week will indica e the follow¬
evidence of an oversold market of the investment properties, ing as the changes in the bank reserve, except so far as
the result may be affected by including silver certificates
for stock deliveries have been very slow during the entire
which are not counted as reserve.
week, indicating an actual scarcity of real stock. This
Into Banks. Out of Banks Net Gain.
condition has been aggravated by the daily increasing
*■$270,208
$276,205
demand by investment purchasers. So far as regards Sub-Treasury operations, net...
812,000
656,000
a
pretty
•haracter of
-
1,468,000
properties, there seems to be an abun¬ Tatervtt- tnnvftm«nt,
$535,702
$932,205
$1,468, OOft
Total
dance of them afloat in the market?, or at least there is no
difficulty in obtaining a supply, except in some special
The Bank of America received $1,500,000 gold during
case.
The demonstration against Northern Pacific pre¬
the week from the associated banks, for deposit in the vauk.
ferred, which was one of the features of last week’s
As the week closes there is a decided improvement in
market, appears to have been carried so far that the
foreign exchange, but up to Friday it has been dull and
friends of the property came to the rescue, and when
heavv, mainly because of the absence of demand and
they commenced purchasing the rise was sharp and a
by reason of a better supply, some of which is said
recovery of 9 per cent was easily made.
A re-action of a partly
The rates, however, are not low
to consist of loan bills.
similarly rapid character was observable in Western
enough to admit of the importation of gold at a profit.
Union, the South westerns, and other stocks of that class,
The following, showing relative prices of leading stocks in
showing that the speculators for a fall had become
London and New York at the opening each day, will
alarmed at their position, and were seeking to rectify it.
indicate the margin of profit for cable transactions.
Money during the past week has been in fair supply. It is
30.
29.
28.
27.
26.
"believed that the increased activity as the week closes, will
Lond'n N.Y. Lond'n
Lond'n
prices. prices.
last only for a few days, as the banks are now making prepar¬
pries*.* price*. price*.* price*. price*.*
76*
118%
118*4
ations for the January dividends,which are unusually large
88* lie**
10222
U.S.4s,c.
22
102%
33 1024*
4142
this season. After those disbursements have been made, it U.8.3&S
40%
40*4
40%
0080
35
99%
99%
is likely that there will be a period of greater ease.
Still,
130*81
33
12852 128*6 129-30
131-60
w
a superabundance of loanable funds cannot be anticipated
13*2-%
C..
34‘64t
m
3404+
S4-274- 00%
33-34t
60*6
even then. Business enterprises are absorbing large amounts
Reading
4*84tf
of money.
Railroad construction makes steady demands, Exch’ge,
4’84%
4*84*4
and industrial development is observable in every direc¬
Expressed in their New York equivalent.
basis of $50, par value.
Reading
Ex-interest.
rate for
tion, being much more general in its nature than a year ago.
Note.—The New Yo»k equivalent is based upon the highest ra
^
purely speculative
*
Loss.
►
:
N.Y.
c3
Erie
2d
con.
102-22
102
41 22
40-2\
0804
68
111. Cent.
132-40
N. Y.
132
Dec.
r
Lond'n N.Y.
110-70*
116
>>
Dec.
Dec.
Det.
Dec.
18-'02
116
110 76t
103
102
40 94
99-82
100
130
131
132 02
132**
'
4-85
cables.
*
+
*
on
of railroad development, we see cable transfers, which ordinarily covers nearly
one
evidence of its money-absorbing power, in the interest, insurance and commissions.
Only $2,500 bonds of the 106th
constant additions that are being made to the stock
the Sub-Treasury for redemption on
and bond list on the Stock Exchange, which, within
redemptions in this city of bonds of
less than three weeks, have amounted to over $100,01 ®,0Q$.
These all call for increased funds with which last, have bee* $233,100, and of the
In
the
matter
all charges,
.
,
call were offered at
Wednesday.
this call, since
105th call
^The
THE
31,1881.J
December
CHRONICLE.
of the Bank of England for the week
loss of £434,000- bullion, but £50,000 went
return
may
increase
731
the
total expenses, but it cannot in itself
increase the
average expense per ton—it
tend to diminish that
average, inasmuch as
would rather
into
The
the Bank on balance on Thursday.
the volume of
traffic would probably expand and the total
expense be
proportion of reserve to liabilities is now reduced
distributed
over a
to 34£,
greater
area.
The
or
Per cent frel°w ^hat of last week.
larger average cost
Ihe highest percentage for the
year was 49J for may be accounted for in two ways—either through the
shows
a
lowest was
the
opened the year with £24,209,276 bullion, the Bank rate
3 per cent, and the proportion, of reserve to liabilities
The
year
closes with £20,317,340, plus £50,000
and whatever
other
sums may go
36 3-16.
in
on
balance this week,
of
34|as the percentage
reserve to liabilities, and the rate
cent. The Bank of France reports a
of discount 5 per
gain this week of 2,550,000 francs gold and a loss of
4,700,000 francs silver. The Bank of Germany, since
our last, shows a decrease of
8,680,000 marks. The
following exhioits the amount of bullion in each of the
principal European banks this week and at the correspond¬
ing date last year.
Dec.
29, 1881.
Dec. 30, 1880.
Gold.
Silver.
Gold.
Silver.
£
£
£
£
20,317,340
24,386,616
26,227,056 46,560,449 22,570,753 48,904,176
Bask of England
Bank of France
Bank of Germany
6,633,737 19.901,213
8,707,000 17,414,000
Total this week
.'>3,178,133 66,461,662 55,664,369 66,318,176
53.618,896 66.548.333 55,777,887 67,023,139
previous week
f^* The above gold and silver division of the stock of coin of the Bank
of Germany is merely popular estimate, as the Bank icself gives no
information on th. t point.
Total
The payments
by the Assay Office through the SubTreasury during the week amounted to $81,189. The
$50,000 gold received from Europe has not yet been set¬
tled for.
The receipts by the Assistant Treasurer from
the Custom House
were as
follows.
Consisting of—
Date.
Duties.
Gold.
Doc. 23,...
“
24....
“
26....
“
27....
“
28
Silver
Silver
Dollars.
Cei'tificates.
$1,000
$67,000
54,000
$357,000
$21,000
290,721 74
224,000
12,000
.
_.
Holiday.
342,000
29....
512,030 66
417,000
Total...
$2,319,485 38
“
TT. 8.
Notes.
$446,036 88
447,769 55
622,926 55
...
18746-5.
24, and the lowest .was inclusion of the new equipment, &c., purchased and
Bank rate of discount was charged to expenses, the cost of which is apportioned m
highest amount of bullion proper amounts to the passenger and freight departments, or
£28,119,380 March 24, and through the movement of freight being more largely than
The Bank in the previous year in one direction. Both forces appear
£20,317,340 December 29.
ended February
30 3-16 October 6, when the
advanced to 5 per cent. The
in the Bank during 1881 was
week
the
29,000
28,000
14,000
1,000
80,000
$1 842.000 $ 104.000
$3,000
$371,000
502,000
1,000
76,000
94,000
-
to have
operations
of
central
in
operation. That the latter was i*
confirmed in part by the fact that the
average number of
tons of freight
hauled per train has fallen from 218 te217 tons.
We give below the traffic movement and rates
for nine years.
FREIGHT.
Tons moved
Tons m&ced.
1872-73
6,001,954
1875-76...
6,803,680
6,351,356
8,175,535
9,441,243
11,029,643
12,172,*57
.
1877-78...
1878-79...
1879-80...
1880-81...
What is
cts.
1*57
1*46
1-27
105
101
1,246,650,063
1,391,560.707
1,401,008,029
1,674,447,055
1,619,948,6*5
2,084,355,368
2.341,473,602
2,576,768,781
2,705,165,840
6,114,678
..
Rate per Cost per Profit
ton
per ton per per ion
mile.
mile.
p. mile.
one
mile.
5,522,724
1873-74...
.
ets.
103
•98
•90
•71
•69
•59
•54
-91
•79
*87
•78
*54
•56
particularly striking about the Central’s
cts.
§4
•48
*37
•34
•32
•32
•25
•33
■22
aver¬
age cost per mile is that the figure is above that of the;
Erie.
Already last year Erie’s rate was slightly le*SBut during the year Erie further diminished its coet
while Central increased, so that the
average on the former*
is now only 529 thousandths,
the Central.
Who would have
that the Erie would
than the Central ?
ever
against 56 hundredths onr
thought a few years ag#
be able to show
a
lower average
The remarkable progress
has of late years made is here
Not that the Erie is in a better
that the Erie
conspicuously apparent.
position for moving and
handling traffic—the Central is such an excellent piece of
property that no one would make any such claim—but
that it has, we suppose, so far increased its west-bound
traffic, which in great part goes to fill cars that would
go back empty, and thus more nearly equalized the
movement back and forth,
as to make the average
cost very much less than it otherwise would be.
la
this way also the Erie has no doubt been able to increase
the average train load to 218 -tons from 210 tons hi
1880, so that it is now the same as on the Central in 1$8©
and
traffic
been
one
ton above that of the
Central in 18811
The Erie
and
has, as already said, a large coal traffic, and this wag
exceptionally heavy this year, which made it possible for
The traffic statistics in the Central report are interest¬
ing, as usual. The rate received per ton per mile was
that road to achieve such excellent results. *
Probably we
see in the
important part that thi3 traffic is
only 78 hundredths
Erie’s business
ERIE,
of
cent, against 87 hundredths
a
in 1879-80.
The railroad war of course accounts for
the decrease. On the Erie the
average rate received
was
805
thousandths,
against 836
thousandths last
coal traffic
year.
But the Erie has a very large
and this tended in 1880 to diminish the
all
traffic, and in 1881
average
to swell that average.
on
Abetter
comparison is afforded by using the item of “ other
height/’ meaning all freight except coal. Here we find
that the
and
869
received
rate
thousandths
was
in
789
thousandths in
hundredths.
from
54
For this the railroad
^ Wax will
decrease the
acquire the Philadelphia & Reading. Owing to the
higher rate received and the smaller cost, the average profit
per ton mile on the Erie is 276 thousandths, against only 22
hundredths on the Central.
On both roads, however, the
profit is smaller than in the previous year, but on the Cen¬
tral the falling off is fully one-third, while on the Erie it is
only one-tenth. We have brought together in the following
table the figures of both roads for nine years past.
New York Central.
1880, almost
hundredths
war
of
a
is not
cent to
56
responsible.
earning* per ton per mile, and it
for Mr. Vanderbilt’s desire
to
1881
exactly the
wme as
on
the
Central
in both years.
It is
worthy of note that the figures should bo nearly
in the case of two such great
corporations.
The cost to the Central of
moving a ton of freight a mile
has increased
playing ia
a new reason
Tons moved
one mile.
’72-73
’73-74
’74-75
’75-76
’76-77
’77-78
78-79
’79-80
’80-81
C08t
Profit
per
per
per
ton
Ion
ton
p. m. p. m. p. m.
ets.
1*57
1,391,560,707 1-46
1,404,008.029 1*27
1,674,447,055 105
1 619,948,6-5 101
•91
2.084,355,368
•79
2,341,473,602
•87
2,576,768.781
•78
2.705,165,840
1.246,650.063
Brie.
Rate
els.
cts.
1*03
•98
•90
•54
*71
•69
*59
•54
•54
•56
*48
•37
•34
•32
•32
•25
•33
•22
Tons moved
one mile.
Rale
cost
per
ton
per
per
ton
ton
Pr’fit
p. m p. m. p. m.
cts.
cts.
1.032.986,000 1*468
•930
1,047.42* <,000 1-311 •910
1,016,618,050 l*2o9 •958
1,040,431,921 1098 •885
1.114 586 220 •955 •752
1,224,763,718
L,c 69,222,417
1,721,112, (-9.'
1.984 394.855
V
•674
•561
•534
•805 •529
•973
•780
•836
ets.
•538
•401
*251
•213
*20S
•29*
*21d
*302
*276
fHE CHRONICLE.
732
The
traffic movement or the number of tons
moved
the
cost to
[vol. xxxin,
it of
moving
a passenger a
mile
was 1-37
the Central only a small increase— cents, against 1*22 cents on the Central. The profit per
about 5 per cent.
In amount the increase is about 128 passenger does not vary much on the two roads—it is *64
On the Erie the increase is over 260 on the Central and *644 on the Erie. It is only within the
Million ton miles.
Million ton miles. A large part of this was derived from last two year3 that the Erie has been able to come any¬
mile exhibits
•ne
on
for that there remains an increase where near the Central in the matter of profit on passen¬
of over
miles on other freight.
The Cen¬ gers—the expense was formerly so heavy. But here as
tral still has, however, a great lead of Erie.
The tonnage elsewhere we see what an improved condition the Erie
movement one mile in the present year was 721 million road is in to-day and what economies have been intro¬
tons greater on the Central than on the Erie.
Last year duced in its management.
coal, but
even allowing
120 million ton
lead
the
was
over
850
mwb—————————wrwvwMwnw————
millions, but in 1872-3 it was
only about 214 million tons.
During the years after the
IMMIGRA TION FR OM GERM A NY.
<
The
steady increase in the number of persons who5
panic, when the total traffic on the Erie remained about
Btationary, the traffic on the Central kept on steadily in¬ annually reach these shores from Germany with the fixed
creasing. We say the total traffic on Erie because other purpose of finding in this country a permanent home, is a
marked and suggestive feature of these times.
There is
freight showed a constant gain, and it was only
no evidence that the
early future will witness any diminu¬
because this was neutralized by a heavy falling off
tion.
On the contrary, we learn from Berlin that the
in coal traffic, which is such an 'important item with
Erie, in the years following the panic, that that road was emigration in 1882 promises to be more colossal than that
in 18S1.
No fewer than fourteen thousand tickets have
unable to show' progress.
Now the road is fast making
up for lost time.
In the nine years the Central has more already been taken for transportation by vessels leaving
than doubled its traffic—the Erie not quite.
Comparing Bremen for America in the spring; and it is asserted that
the gain on both roads in 1881 over 1880 -with that of 1880 the emigration from Hamburg will be on a scale of equal,
1879, we see that the former is but little more than half magnitude.
For the year ending June 30, 1881, the total immigra¬
the latter.
Leaving out coal in the case of the Erie, the
tion into the United States was 669,431.
Of these, 210,gain in the two roads amounts to only about 249 million
485 were Germans, almost one-third of the whole.
For
ton miles in 1881, and this with the aid of the war too,
the five months ending November 30, 1881, the total
against a gain of 455 million ton miles in 1880. With these
ever
figures before us, and remembering that the water route
had this year an additional advantage over the rail route
in
the reduction
of
west-bound tolls
on
the canals, the
immigrants was 291,318, of whom 100,470
Germans, showing that about the same proportion
number
were
of
still rules.
These figures are especially suggestive, when we are
question is pertinent whether the railroad war was not a
told that in the coming year they are to be greatly
necessity to the New York roads, differential rates or no
increased.
There can be no doubt that there is some-,
differential rates.
We merely mention this in passing.
As to the passenger traffic, this shows decided evidences thing radically wrong with the state of things in their
of growth. The receipts from the same on the Central were own country whern so many Germans are abandoning it
It is not without
almost $350,000 greater than in the previous year, and the and seeking homes in the New World.
volume of traffic has risen from 330,802,223 passengers good reason that they leave their home and kindred.
No one will deny that Prince Bismarck accomplished a
carried one mile in 1880 to 373,768,980 in 1881.
The
traffic movement is now the largest in the company’s his¬ great work when he secured the unity of Germany. But
neither will anyone deny that that unity was purchased at
tory, which could not be said of the figures of the previous
a tremendous price.
In one sense it was an undoubted
year.
Taking the actual number of passengers carried,
however, irrespective of the distance traveled by each, gain to the German people. It broke down many useless
It gave them bulk, strength and importance
the movement has been largely exceeded in several past barriers.
That the movement one mile is larger than ever,
despite this, is due to the fact that the average distance
Waveled by each passenger is greater than it formerly
was.
The following table shows the statistics on the
years.
Central for
a
number of years.
1872-73
1873-74
1874-75
1875-76
1676-77
1877-78
1878-79
1879-80
1880-81
-
7,630,741
0,878,352
0,422,629
0,281,490
8,019,438
8,927,565
8.130,543
8,270,857
8,900,249
Rate per Oost per Profit
pass,
pass,
p. pass,
mile.
per mile per mile p. mile.
Passengers
carried
one
339,122,621
350,781,511
338,934,360
353,136,145
316,847,325
300,302,140
290,953,253
330.802,223
373.768,980
cts.
206
2-14
2-14
1-91
2*07
201
205
1-99
1-86
els.
cts.
1-43
*63
136
1-19
114
1-27
1*20
1-26
1*22
•78
•72
•93
•74
•85
•73
•64
In her former condition Germany was
divided and weak ; now
of the most important
and powerful of the nations of the earth. * All this must be
she is
one
admitted.
people have
they
have gained in importance.
They have become a great
military nation. The spirit and the enterprise of the
people are given to and consumed by the army. The best
years of the best lives of the youth of Germany are spent
in barracks—years which if given to business pursuits
would add greatly to the wealth of the nation.
The main¬
tenance of the army necessarily involves tremendous
expense.
To raise the needed revenue the people have
been taxed accordingly.
In the dread of military service,
and in the difficulty and cost of living, we have two of
the principal causes of this German exodus.
To us this immigration is of course an increase of our
wealth-producing power. Among our naturalized citizens
But there is
lost in
PASSENGERS.
Number
carried.
before the world.
reason
to fear that the German
real comfort all and
more
than all that
earnings per passenger per mile are the lowest in
the company’s records, being down to 1*86 cents, which
is 13 cent below the previous year.
On the Erie the rate
realized is usually better, and the past year was no
exception to the rule—the rate was 2-016 cents. The
we have none more useful than the Germans.
Seldom, if
average cost to the Central of carrying a passenger
mile has also diminished during the year; the ever, do they arrive on these shores empty-handed. They
a
figure was 1*26 cents in 1879-80, and 1-22 in 1880-1. bring money in their purses and strength in their arms.
This was brought about by increasing the number of They are law-abiding, industrious, saving.
They already
form an important element in the community.
They take
passengers per train from 65 to 72. The Erie carried
only an average of 58 passengers per train, so we find that kindly to our institutions, assimilate readily ; and without
The
[j
December
THE CHRONICLE.
81,1881.1
ceasing to be Germans, they soon become devoted and enthu¬
siastic Americans. The children of German parents have
already become the back-bone of some of ourWestern States.
In those regions there is still room enough and to spare.
There are mines to be developed, forests to be cleared,
broad acres to be cultivated, towns and cities to be built;
and we know of no fitter class for the work to be done
than the hale and hearty German immigrants.
We have
no fear that they will come in too large numbers, even if
the two hundred thousand* should swell to half a million.
LAKE SHORE'S BUSINESS DURING HIE CUR¬
RENT
In the case
of at least
QUARTER.
one
of the Vanderbilt roads have
the means of
determining, even if only approximately,
the course of business during the last three months of the
present year. The Lake Shore last week, at the meeting
of its directors, made a report of its operations for the
calendar year just closing.' A short time ago it made a
report to the State Engineer, as required by law, covering
the fiscal year ended September 30.
The only difference
we
these two reports is that the
one
By comparing the two statements, therefore,
we
can
estimate of the results of the current quarter.
Nine of the twelve months being the'same in either period,
arrive at
an
difference between the two returns is of
difference between the
business of
of 1880 and that of the
same
course
the
the last three months
time in 1881.
Accordingly
year ended September 30 the gross
earnings were §13,277,438 : in the year ended December
31 (December being of course partly estimated) the earn¬
ings were only §17,970,000 ; hence there was a falling off
in gross during the three months this year of §307,438.
The expenses were $11,145,501 for, the year ended Sep¬
we
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—Pee. 17.
On-
Time.
Amsterdam
Amsterdam
.
.
3 mos.
Short.
Antwerp.... 3
Hamburg
mos.
••
...
Berlin
44
Frankfort...
a
Copenhagen.
a
St.Peters’bg.
a
Paris...
Paris
3
mos.
44
Cadiz
Genoa
44
Lisbon
44
Dec.
17
Short.
1212*2
25 02*2^25*70
20-70
a 20*75
20*70 'ft'2 0*7 5
20*70 »20*75
18*47 -S'18*50
Dec.
17
17
17
17
Short.
25*27
<4
20-44
20-44
Dec.
Dec.
Dec.
■
find that for the
tember
30
and
$11,28G,000 for the calendar
increase of §140,439.
If
now
we
year,
an
add the increase in
the decrease in earning3, we get a net loss of
$447,877, which is the loss for the last quarter of 1881 as
compared with that of 1S80. * With the figures of 1880, as
given in the last annual report, as a basis ,it is also possible
to give the total earnings and
expenses for the quarter,
and they will be found below in the following table.
expenses to
Gross earnings
Operating
18SO.
1881.
$4,870,865
2,708,997
$4,5G9,427
2,849,130
Dee.
Inc.
$2,107,808
$1,719,991
Dec. $!47,877
expenses
Net...:.......!
The loss is
more
*4
it
.....
®25*30
©25*00
©12*05
25*55
12*00
5L?«®51*4
Calcutta....
Hong Kong..
Shanghai....
17
Short.
25*23
Dec.
17 Short,
118-80
Dec.
17
.
.
..
Is.
days
44
In.
7i»i«rt.
7i«i6d.
...»
Dec.
Dec.
[From
otir own
25-45
mos.
17
17
3 mos.
Short.
95B»
4 mos.
Is.
Is. 8Slfd.
3s. P*sd.
5s. l*ad.
Dec.
17
44
Dec.
17
17
44
Dec.
....
3
....
Dec. 14
....
60
....
Dec.
4678®46°8
26*07 *2® 26 15
....
.
20*44
....
40*% ft 40 v>
it
New York...
Rate.
12-5*4 ft 12*53*
122*3 ®12-3*o
44
....
Time.
.....
Vienna
Madrid
Bombay
Rate.
Short. 25*20
Alexandria
EXCHANGE ON LONDON.
Latest
Date.
4*79314
44
correspondent.I
London, Saturday, December 17, 1881.
Money has been in considerable request during the pa*t
week, partly in connection with the settlement on the Stock Bi¬
change and partly owing to the requirements of the communi¬
year.
The Bank rate
of discount has not been
1880.
any
plouetartjg ©ommerctal Hugltsft 24ex»s
includes the
quarter of I SSI and the other the last quarter of ty incidental to the closing weeks of the
between
last
733
a
....
.
little
over
than 20 per cent
G per
Inc.
or
Dee.
$307,438
140,439
cent in gross and a little
in net.
—The Duluth & Winnipeg Railroad Company’s first mort¬
gage bonds to the amount of $5,000,000 are now offered upon
this market at 102^ and accrued interest,
through the well and
favorably known house
of Messrs. Boody, McLellan & Co., of
this city.
This road runs through the rapidly growing
sections of the great Northwest, and will form important con¬
nections with several of the principal roads now in operation
there, as well as with such important cities as St. Paul, Chicago
and Milwaukee. Work is
being pushed on the line, and it is
expected that 78 miles of road will be completed by 1st of April,
1882. This
company has also a lar.d grant of 6,400 acres per mile
from the State
of Minnesota.
An advertisement of the bonds
will be found in our columns
to-day.
-Attention is called to the dividend notice of the Fourth
National Bank of this city in our advertising columns to-day
of four
per cent, payable January 3, 18S2; also 2*62 per cent
has been
declared, which has been applied to the payment of
the taxes of all stockholders who authorized such
payment.
Other stockholders will receive the additional dividend
upon
satisfactory evidence that their taxes have been paid.
““The dividend notice of the Ninth National Bank is published
Jjwest-known
1 t°-fiay’s Chronicle. This bank is among the largest and
banking institutions, and is managed by young and
Jhergetic
business men, who aim to make it especially valuable
to the
dry goods interests of our city.
.
.
changed, and remains therefore at 5
cent; but the value of money in the open market his a
tendency to approximate more closely to the official quotations.
For three months* bills tlie rate is 4/£ to 4% per cent, while for
bills maturing within the current year 4% per cent is charged.
During the remaining two weeks of the year money is certain
to be much wanted, and the probability is that the current Bank
rate will be readily obtained.
Early in 1882 there maybe
some relaxation; but at the same time there is no reason for
anticipating any downward movement in the quotation. Money
is not likely, in fact, to rule at a lower figure for a long time
to come, as the demand is almost daily assuming larger pro¬
portions. The trade of the country, though greater, as usual
as the end of tlie year is approached, remains in a satisfactory
condition, and there is still a good prospect for 1832. The
numerous companies introduced to public notice of late neces¬
sarily lead to the transfer of large amounts of capital, and there
is still a moderate inquiry for gold for exportation.
The last
Bank return shows very conclusively that the improvement,
small as it is, which has been lately taking place in the posi¬
tion of the Bank of England, is due to the return of coin from
provincial circulation. During the week embraced in that
statement the Bank of England had lost a sum, according to the
daily returns of imports and exports, of £161,000; but the return
shows a small increase in the supply, owing to the receipt of
coin from provincial circulation. There has also been a reflux
of notes, and the result has been that the total reserve has been
augmented to the extent of £160,213. But the proportion of
reserve to liabilities is still only 39’80 per cent, which is a small
amount under existing circumstances.
In consequence of the
greater competition which prevails for money, the discount
houses have considered themselves justified in raising their
rates of interest for deposits to the extent of half per cent
This is rather a bold operation, as the Bank rate is only 5 per
cent; and the managers of discount houses would seem there¬
fore to be of opinion that there is some probability of an
advance before long in the Bank rate. The following are the
present quotations for money:
per
Per cent.
5
Bank rate
Open-market rates—
30 and GO days’ bills
4*2® tSs
stock
4 months’bank bills
6 mouths’ bank bills
4^®!%
4 <fc G months’ trade hills. 5 ®5*a
4*0®!*>8
3 months’ bills
The
Per cent
Open market rates—
the rate of interest allowed by the joint
banks and disc >unt houses for deposits :
following
are
Per cent,
3 *a
4
Joint-stock banks
Discount houses at call
do
with notice of withdrawal
..
The
following are the current rates for
pal foreign centres :
;
Paris
Brussels
Amsterdam
Berlin
Hunk
rate.
Pr. ct.
5
Frankfort
Vienna
*
4
Rank
rate.
Pr. ct.
Open
market.
Pr. ct.
4 7a®5
5 *-j
5
5
Hamburg
4*a
money at the
5^4
4 rS
4 3t
4 3*
4^4
o34
prineiOpen
market
Pr. cl.
Madrid & other
Spanish cities
St. Petersburg...
Geneva
Genoa
Copenhagen
Bengal
4
O
0
5
4
7
5
.
OS*
5ft5**
i.5!*
4
....
THE CHRONICLE.
7M
Annexed is
a
statement showing the present
position of the
[Vol. xxxin.
and from the United Kingdom during the
exports of grain into
compared with the correspond¬
the Bank rate of discount, the price of conols, the average quotation for English wheat, the price of ing period in the three previous seasons.
IMPORTS.
middling upland cotton, of No. 40 mule twist, fair second
1879.
1880.
1881.
1878
...cwt. 19,181,713 19,834.49“ 2.3,611,791 16,170,754
quality, and the Bankers* Clearing House return, compared Wheat
6,161.763
5,259 13 J
4,417,680
4,736,518
Barley
.with the four previous years.
5,161,383
3,970,2-vS
Oats
3,311,607
4,076,114
85 4,2 22
1,004,933
791,963
Peas
608,007
1881.
1879.
1878.
1880.
679.205
38;»,097
484,197
Bank of England,
first sixteen weeks of the season,
_
.
.
‘Circulation
Public deposits
Other deposits
♦overnm’t securities.
Other securities
Res’ve of notes & com.
Coin and kmlli >n in
both departments..
Proportion of reserve
to liabilities
25,292,970 25,640,100
26,761,575 32.322.415
5,658,265 7,182,102
4,411,116 5,128,419
22,300.013 24 031,829 29,112.561 26.698.595
13,243.961 14,365,019 15,843.584 14,667,907
21,409.979 20,432.704 19,618,535 25.981,953
11,249,870 14,296,137 15,940,775
9,186,873
20,792,810; 24,936,237 27,702,350
39-80
5 p. c.
993s xd.
Bank rate
Console
Beaus
Indian
Flour
£
£
£
£
3 p. c.
98^ x d.
3 p. c.
97*6
26,509,238
5 p. c.
8,467.631
2,240,318
corn....
12,020.847
6,871.680
3,829,405
3,636,823
485^845
10.060^587
2,235^123
EXPORTS.
1881.
Wheat
21.733
277,774
26,112
12,293
Barley
Oats
Peas
Beaus
Indian
Flour
61,338
45,553
corn....
1880.
487,706
5,607
174,659
35,196
14,461
118,267
51.152
1879.
28,771
683,953
6,266
16,809
56,386
36,839
53,083
6,7l6
12,181
316,913
40,972
91,064
28,935
1878.
2,563
9414xd.
During the week ended Dec. 10, the sales of home-grown
150 principal markets of England and Wales
Bo. 40 Mule twist
lO^id.
lO^d.
109jd.,
S^t.
Clear'tf-houae return. 100,423,000 96.318,000 122,332.000 97,535,000 amounted to 46,307 quarters, against 41.763 quarters last year
A fair amount of business has been passing in silver, and the and 41,608 quarters in 1879; while it is computed that they
were in the whole kingdom 185,230 quarters, against 167,100
supplies now on offer are small. The price of fine bars is nomiMally 51%d. per ounce. Mexican dollars are quoted at 50%d. quarters and 166,700 quarters. Since harvest the sales in the
Bug. wheat, av. price.
Mia.
Upiandcotton...
44s. 9d.
6®t«d.
per ounce.
The Secretary of the
pany
writes
:
44s. lOd.
6i&i«d.
46s. 2d.
6\d.
40s. 10d
4i31s<k
wheat in the
principal markets have been 729,500 quarters, against 655,quarters and 446,229 quarters ; the estimate for the whole
kingdom being 2,918,000 quarters, against 3,026,300 quarters
and 1,822,200 quarters in the two previous seasons respec¬
tively. Without reckoning the supplies of produce furnished
ex-granary at the commencement of the season, it is estimated
that the following quantities of wheat and flour hare been
placed on the British markets Since harvest. The visible sup¬
ply of wheat in the United States is also given :
150
St. Lawrence A Ottawa Railway Com¬
“ The St. Lawrence
& Ottawa Railway Company’s
at maturity, owing
-coupon due 15th instant will not be paid
to the smallness of the net receipts for 1881.
It is believed that
outlay on the line, which could not
toe realized during the past year, will restore the company to a
satisfactory position, especially as the traffic receipts have not
materially fallen off, the decline in net revenue being due to
exceptional working expenses.”
The prospectus has been issued of the British and American
Bank, with a capital of £1,000,000, in 50,000 shares of £20 each,
and a first issue of 25,000 shares, on which it is not intended to
•all up m^re than £10 per share. The company is stated to
have been established to provide mercantile interests on both
sides of the Atlantic with the banking facilities which the
increasing trade engagements between Great Britain and the
the benefit of recent heavy
United States require.
prospectus has been issued of the Land Corporation of
■Canada, limited, with a capital of £500,000, in £10 shares, a
moiety of which is to be first issued. The company has been
established for acquiring and dealing in lands in Manitoba
and the Northwest Territories, and other parts of North Amer¬
ica, and developing them for farming and agricultural pur¬
A
726
1881.
Imports of wheat.cwt. 19,134,718
Imports of flour
2,2*0,318
Sales of home-grown
produce
1878.
....12.614,700 11,261,600
7,896.000 15,593,000
34,069,728 .34,925,500
35,141,617 33,993,877
Total.
Deduct
1879.
1880.
19.334,495 23,611,794 16,170.754
3,829,405 3,636,823 2,235,123
of
exports
33,735,768
Result
A.v’ge price of English
wheat for season (qr.)
48s. Id.
Visible supply of wheat
in the U. 8.... bush. 18,900.000
34,366,642 34,815,874 33,285,989
42s. 8d.
48s. Id.
41s. 56.
27,000,000 28,000,000 1M40,000
following is an estimate of the value of cereal produee
imported into the United Kingdom during the first three
months of the season, compared with the three previous years:
The
1878.
1880.
1879.
£8,133,117
£11,039,616
1881.
£6,779,572
Barley
1,672,921
1,914,074
2,415,938
1,737,543
Oats
951,510
1,07 8,983
1,681,497
1,120,495
poses, and also for aiding and encouraging emigration, and Peas.*
247,665
358,211
269,480
171,874
214,461
301,286
156,924
Beans
161,562
establishing settlers on the land of the corporation.
Indian corn..
2,286,897
2.966,467
1,726,796
,2,349,920
The fortnightly settlement just concluded on the Stock Flour
2,230,337
2,470.151
2,569.014
1,518,073
Exchange was.larger than had been anticipated, bat it seems to
Total.... £16.897,320
£17,135,464 £20,053,627 £13,834,3(J»
kave been arranged without difficulty. The stock markets,
In November our imports of wheat were heavy, especially
more especially as regards home and foreign railway securities,
from British India," and there is now very little difference in
were dull during the early part of the week, but they close
the value of our imports of all cereals compared with' last
with a somewhat better appearance. The firmness of the
season.
money market is calculated, however, to keep speculation in
The following return shows
extent of the imports of
the
•heck.
The traffic
£3,343,378
Wheat
receipts of the fourteen principal railway com¬
the United Kingdom during the first three
months of the season, viz., from September to November, indu-
wheat and flour into
panies of the United Kingdom, since July 1, have amounted to
sive, compared with the three previous seasons :
£24,483,164, against £23,724,997 last year, showing an increase
IMPORTS OF WHEAT AND FLOUR LNTO GREAT BRITAIN.
•£ £758,257. On the three principal Scotch lines, since August
Wheat.
1, they were £2,465,679, against £2,348,801, being an increase of
1879.
1880.
1891.
£116,878.
From—
quantity of wheat and flour afloat to the United King¬
dom now amounts to as much as 2,900,000 quarters, and to the
-Continent SOO.OOO quarters. The wheat trade is usually quiet
at this period of the year, and business has been quite restricted
-during the past week. A feature, however, is that notwith¬
standing the large supply afloat, there is no actual depression,
though the tendency of prices is favorable to buyers. The
weather has become very mild, and home-grown wheat is
arriving at market in very poor condition. Indifferent samples
are, therefore, difficult to sell.
Russian porks are now being
closed
to
fast
navigation; but Riga is still free to steamers.
Although tlie wheat trade is very great just now, more activity
is expected early in the new year,—more especially as oar own
supplies are likely to fall off. While the visible supply in the
United States is much below that in existence at this time last
year.
In the returns given below it will be seen that our
imports from India this season have been very considerable,
while from Australia there is an important reduction compared
The
with last- year.
The following return
Gwt.
shows the extent of the imports and
..1,469,615
....9,040,530
....1,589,538
626,441
4,786
212,589
20,434
...
Russia
.
United States
Brit. N. America
Germany
....
France
Chili
....
....
Turkey, *fcc
Egypt
.
....
1
....
....2,233,903
British India
Australia
Other countries
226,213
301,622
9,985,907
1,816,435
72,799
1,235
375,209
0,405
269,194
956,099
753,445
27,654
1,776.815
...16,205,149
15,598,183
....
....
..
Total
Gwt.
34 463
Gwt.
2,102.261
11,459,510
2,476,929
758.338
5,985
673,916
860
875,446
361,995
649,5>
...
Total
265,335
£56,699
13,618,783
312,604
539,204
.2,644,975
3,059,901
3.115,519
1,816,206
....
....
..
166
50,573
109,317
90,447
c
420.851
457,490
74,636
....1,542,410
.
1,379,884
1,152,072
278,292
631,681
....
United States
Brit. N. America
Other countries
6.618,978
277,264
79,811
791,761
172,731
494,639
....
France
Gwt.
3,365,232
19x^67,791
Flour.
Germany
1873.
149,588
299,190
78,230
1,769,505
79,048
1,992,763
191,900
following comparative table shows the increase
decrease in the export trade of the United Kingdom
month of November, and also during the eleven months
The
or
during the
of thf
current year which have already expired. The figures relating
to the first ten countries included in the list show the extent o.
the variation of our export trade with the Continent of Europe .
Month
Decrease.
Inorease.
Decrease.
£
£
1,711,358
108,381
248,104
422,331
07,785,
fiffiSS*’
14S8O0
gHS'...
109,800
69,003
1,001,846
1,353,343
48,382
1,067,142
*29,013
1,206,706
75,425
1,046
28,236
Denmark
United States
British North America .
2,024,433
419,157
56,2«5
865,061
667,892
348,254
48,784
British Possessions
India, &o
Australia—
699,678
oW«YkWi
3,360,558
313,5-4
Chfmi and iioug Kong.
66,972
:::i
Uueuumerated articles
344,/98
1,006,983
decrease
Inc. on mo.
of Nov.
6,146.579
1,848.464
9,161,130
1880.
Total
Board of Trade
returns
6,146,579
1881.
1880.
1881.
.
18,864,700 20,713,164 201,595,737 213,756,°67
204,595,739
18,864,700
1,848,464
9,161,130
nummary of Eleven Months’ Increase in British Exports to the 30th of
Inc. on mo.
Sat.
Silver, per oz..
Consols for money
51
78
993,
997,6
Consols for account
Fr’ch rentes (in Paris) fr.
U. 8. 5s ext’u’d iuto 3**s
U. 8. 4**s of 1891
U. 8. 4s of 1907
105**
117^3
1201*5
42 Sq
►*
a!
Holiday
r—
C
.
K
133
of Nov.
ft.
State.. 100 lb. 14
10
Wheat, No. 1, wh.
“
10
Spring, No. 2...
“
10
Winter. West., n
“
Flour (ex.
rt,.
s.
0
5
8
7
6
14
10
7
6
10
0
0
0
0
6
10
5
72
47
o
M
HH
91
56
54
90
56
d.
0
5
8
7
11
10
0
0
0
0
54
(5
s.
14
10
lo
10
10 ->rt
10
|
5 10
*
Pork, West. mess.. $ bbl 72 0
Bacon, long clear, new.. 17 0
Beef, pr. mess, new,$tc. 91 0
Lard, prime West. $ cwt. 55 9
6
Ch/mae. 4m. cboiee. new 54
“
51V,
Wed.
d.
0
5
10
*l7g
99516
137
Tues.
Mon.
Sat.
5178
99;*i6
35*2
138
New York Central
Fri.
63
62%
34*2
Philadelphia & Reading.
Thurs.
995io
83-97*2
105*2
117*2
120*2
41 $4
133*2
83 90
Erie, common stock
Cal. white
torn, mix., West.
Wed.
Tues.
Mon.
d.
Liverpool.
15,307,709
1,006,983
as
London.
4,491,326
767,398
2,85 5.417
Loss
by cable
Pennsylvania
775,699
589,170
o&iiiv
securities; &e„ at London,,
at Liverpool, are reported
follows for the week ending: December 30:
niiuois Central
92,101
Report*—Per Cable.
Market
The daily closing quotations for
and for breadstuffs and provisions
287,154
2,965
Italy-.-
English
end’gNov.30/81.11 mos.end’g Nov. 30,'81.
Inorease.
Portugal, &c
7 35
THE CHRONICLE.
31, 1881.J
pgfEMBER
10
5
72
47
99*i«
997i6
84-0*.
S3-8o
105*2
1 17*2
1203*
42*8
134*2
63 *s
35*2
136*4
105**
117**
120%
42*ib
63**
35*2
136
Fri.
Thurs.
s.
d.
14
0
10 5
10 8
10 7
10 11
5 10
72
47
56
54
f>6
©
^10
0
0
0
0
0
90
10
lo
5
72
47
90
d.
©
5
8
7
11
1#
0©
©
8.
14
10
54
0
November.
The whole
£2,505,710
3,2< 9,473
5,470,382
of Europe, increase
Canada and British Possessions
outer world (except United State*)
India, Australia,
The whole
£11,185,565
Less
2,024,435
United States deficiency.
Total
<18 per
£9,161,130
Board of Trade returns
flPommcvcial aucU^XisceUauca us IXexus.
following national bank has been
National Banks.—The
organized
:
2,605.—The Commercial National Bank of Columbus. Ohio. Authorized
capital,
President;
$200,000. Frank C. Sessions,
W. H.
exports of Brit¬
Albery, Cashier.
of foreign and
Imports and Exports for thb Week.—The imports of last
Colonial wool fr<>m the United Kingdom to the United States
week, compared with those of the preceding week, show
during the month of November and during tiie eleven months an increase in both dry goods and general merchandise.
ended November 30, compared with the previous year :
The total imports were $10,516,680, against $8,179,504 the pre¬
EXPORTS.
-In
Eleven
Months.ceding
week and $6,993,643 two weeks previous. The exports
-In November.
The following return shows the extent of our
ish and Irish produce and manufactures, and
Alkali
cwt.
1880.
237.^80
Apparel and slops
Bags and sacks
£
doz.
4,539
52,278
2.889
1881.
284,454
8,904
63,657
3.268
Barthenw.& porcelain. £
2,696,300
83,271
Beer and ale
bids.
Gotten piece goods, .yds.
Haberdashery and mil¬
linery
£
Hardware and cutlery. £
Iron-Pig
tons.
Bar, &c
tons.
BR. of all sorts ..tons.
Hoops, sheets,boiler &
armor plates.. .tons.
Tin plates
tons.
Cast or wrought..tons.
20.341
882,096
21,425
3,694,000
79,728
73,622,500
856,119
62,125,200
812,320
21,538
29,792
451,717
409,567
39,251
42,492
26,002
451,089
593,448
466,095
14,700
1.691
4.198
50.707
15,603
15,421
207,094
3.074
2,640
43,820
13,586
2,554
1,0 >7
2,197
14,329
151,950
18,905
373,244
15,719
277,578
33.393
13,311
8
12
213
460
203,200
lbs.
.yds. 3,395,100
874,100
5,119,000
84,350,700
4.491.900
75,960,000
51,202
385,870
Machinery—Steam
gines
en¬
572
8.156
5,417,000
178
£
15,247
32,380
52,880
20,423
354,986
Paper—Writing or print¬
ing & envelopes..cwt.
519
342
3,973
4,566
Other kinds except
paper haugings.cwt.
Salt
tons.
Silk broadstuffs
yds.
Ribbons of all kinds. £
Other articles of silk
362
25,060
6,267
586
15,365
227.730
2 =5,448
£
Other kinds
165
22,163
1,142
3,717
8,615
32,699
89,685
7,586
11,945
16,845
30,513
98,766
97,246
150,4' 7
124,308
£
8,372
10,350
67,343
81,766
Tin—Unwrought ...cwt.
262
925
15,850
9,986,700
7,559
5.812.900
£
Mixed with other
terial
£
gals.
Stationery—Other than
paper
lbs.
Wool—British
195,100 1.362,700
Colonial & foreign.lbs. 4,616,400 2,703,145 27,278,030 19,291,889
Worsted stuffs
717,300 2,484,900 33,018,400 25,693,600
yds.
Woolen doth
3,761,900
3,610,700
94.500
139,200
yds.
2.372,300
1,122,600
53.500
87,700
Carp’s & drugget8..yds.
To British North America the
were as follows:
shipments in the same periods
—In November.
1881.
1880.
6.110
10,007
,
Apparel and slops.... £
Ootton piece goods.yds.
Eathenware and poroelain
£
Haberdashery
In Eleven Months.
*
1881.
1880.
174.243
124,082
606,900
1,183,800
36,519,600
46,247,800
6,213
11,447
75,633
99,974
29,377
726,570
142,672
and mil¬
2,136
64,748
2,396
3,695
3,025
2,088
33,016
892,931
182,047
36,252
44,121
86,021
106,8-59
899
464
1.186
10,370
1,662
9,709
12,513
11,213
1,093
156,600
962
152.900
5,085
1,960
21,558
3,963
£
ISO
Spirits (British)...galls,
linery
Hardware
Iron—pig
£
& cutlery
-
•
£
tons.
Bar, <fce
tons.
ER. of all sorts, .tons.
Hoops,
sheet*
and
boiler plates...tons.
Tin
tons.
plates
Castor wrought..tons.
Lhion piece goods..yds.
galls.
•dk broadstuffs
yds.
„
Eibbona
16,571
12,375.1,474
13,909
paper
£
«ogar, ref’dtfc candy.cwt
Woolen eloth
Worsted stuffs
Carpets,
ru*e
not
yds.
yds.
being
yd?.
i
$1,262,913
7,327,917
$1,822,147
$2,474,684
4,660,433
6,260.741
8,041,946
$5,504,358
$8,590,830
$6,082,888
$10,516,63©
$903,923
Dry Goods
Gen’l'mer’dise..
Total
Since Jan. 1.
Dry Goods
Ceu’l aier’dise..
In
our
$91,354,931 $119,652,598 £109,559,433
249.637,761
report of the dry goods trade
will be fouud the imports
dry goods for one week later.
The following is a statement of the exports (exclusive
specie) from the port of New York to foreign ports
week ending Dec. 27, and from January 1 to date :
EXPORTS FROM NEW YORK
of
for the
FOR THE WEEK.
1881.
1880.
1879.
1878.
;
$4,613,132
$7,938,224
404,046,130
373,639,74©
Total s’ce Jan. 1 $346 910.873 $353,253,730 $411,984,354
$378,302,872
For the week...
Prev. reported..
$5,782,673
341.128,200
$6,745,856
316.507,874
shows the exports and imports of specif
York for the week ending Dec. 24 and since-
The following table
port of New
January 1, 1881:
at the
EXPORTS AND IMPORTS OF
SPECIE AT NEW YORK.
Imports.
Exports.
Gold.
Since Jan. 1
Week.
Silver.
Great Britain
France
2,000
253.7*06
7,485
$7,485
$288,500
14,383
6,208,800
191
281,048
19,378
381.486
26.754
4,261
14,945
1,345
30,513
109,480
97,246
83,909
124.308
2,902
7,5‘74
104,400
X19,OuO
5,501
2,156
35,657
44,430
36.591
11‘,300
232,500
125,928
S,966,800
10,209,300
5,515,500
9,390,800
Of the above imports
American gold coin and
35,000
66,000
1,190,800
1,610,700
exports during the same time
Germany
West Indies
Mexico
:.
8outh America
AM other countries.
Total 1881.....
Total 1880
Total 1879
4.133,958
4,400
3,264,036
397,117
764,466
2,217,548
$19,229 $53,024,768
2,237,523
2,681,443
2,074,469
39,476
66,919,008
75,553,707
$
$220,888
20,06*
10,204
8,443
11,123
908,438
1,178,83*
46*0*9*4
4,495
178,778
$24,061
$2,778,014
227,624
78,640
7,924,702
$9,851,052
378,950
270,809
241,73*
29,281
36,056
$292,900 $10,593,165
390,737
6,432,376
61.915
9,345,112
6,735
7,757
4,737
110,185
$448,551
Since Jan. 1
$32,902,538
11*50*6
Germany
West Indies
Mexico
8outh America
All other countries
Total 1881
Total 1880
Total 1879
Week.
$71,160
Great Britain
France..'.
12,313
406,943
322,542,02T
354.247.236
k286.880.144 $340,992,692 $473,899.83)
Total
of
$74,972,247
211,907,897
7,489,700
383,998
•tationery, other than
ending
general
1881.
1880.
1879.
1878.
For Week.
6,273
ma¬
Spirits —British
following are the imports at New York for the week
(for dry goods) Dec. 22 and for the week ending (for
merchandise) Dec. 23; also totals since January 1:
3,506
3,373
255,356
281,598
2,216
only
for the week ended Dec. 27 amounted to $4,613,132, against
$10,176,412 last week and $4,911,998 two weeks previous. The
FOREIGN IMPORTS AT NEW YORK.
192,615
37,794
tons.
Jute yam
Linen piece goods..
68,517
398,527
1881.
2,867,448
66,5 48
160,940
5,503
82,750
116,661
Old for remauufr.tons.
Steel—Uil wrought, tons.
Lead—Pig, &o
1880.
2,997,730
12.370.054
5,634,664
for the week in 1881, $4,687
$4,769 American silver coin.
were
Of the
$7,000 were American gold eoia.
lb
Central Pacific.—The earnings for the fiscal year
June 30, 1881, are
reported
as
ending
follows:
equipment, $1,847,815 ; total
equipment, $64,287,263. Passenger earnings
$476,611 ; freight earnings, $602,434; miscellaneous earnings
and rentals, $1,680,166; total earnings, $2,759,211 ;
operating
expenses, including taxes and insurance, $710,694 ; net eanpings, $2,048,517 ; interest paid, $1,754,500.
Syracuse Chenango & New York.—A report to the New
York Herald from Syracuse, New York, Dec. 22, said: “The
suit brought by ex-Mayor BekLm, of that city, as Receiver of
the Syracuse Chenango & New York Railroad,' against the Cen¬
tral Trust Company .of New York, is only one of the
many
'obstacles thrown in the way of the construction of the Boston
Iloosac Tunnel & Western Railway.
The object is to “nullify
the mortgage given to the trust company by the iloosac
Tunnel consolidated lines of railroad. The tight bids fair to be
a bitter one, as the Chenango Railroad is a connecting link
cost
of road, $62,439,447 ; cost of
cost of road and
$0,188,383
15,216,554
Paswnrer
Freight
463,^61
1,0-4,540
United States mail
Miscellaneous earnings
$22,803,311
13,502,501
Total
Operating expenses and rentals
$9,390,810
Ordinary net earnings
3,042,205
3,557,530
Interest paid
Dividends paid
Under the sinking-fund act of May 7, 1S78, the “25 per cent
of net earnings” found due the United States by this company
to Dec. 31, 1880 amounted to $1,037,225, which Las been cov¬
ered into the Treasury as follows:
$ 128,3^8
Credit of bond and interest account:
008,830
Credit of sinking luml account
which would be available for any trunk line seeking
a
central
through Syracuse.
The statement that the Hoosae
Total
$1,037,225 Tunnel consolidation had no interest in the Chenango Road
when it was mortgaged to the Central Trust Company is denied
The company rendered transportation services amounting-to in this
city by friends of the Iloosac Tunnel route. It appears,
$892 ,788, and made a cash payment of $144,436.
however, that before the consolidation was effected the Hoosae
Denver & New Orleans.—Fort Worth & Denver—Mr. J. Tunnel people had purchased $538,000 of the common and pre¬
S. Brown, one of the projectors of the D. & N. O. Railroad, ferred stock of the road, the total amount issued being$800,000,
states that constructiou work on the line is progressing from while of the bonds, which amount to $262,000, the Hoosae com¬
both ends of the route. From Denver southward the line of pany had purchased $246,000 prior to the consolidation.
the road is parallel with the Denver & Rio Grande Railway for Regarding the present organization, it appears that at the time
about two hundred miles. It is the proximity of the routes for the election of officers of the Chenango company an injunc¬
that has provoked such energetic opposition from the last- tion was served, it being held that officers could not be legally
named company. The Denver & New Orleans Company has elected. The question under this injunction is now before the
laid between thirty and forty miles of track southward from Court of Appeals. The sale of the road to the Hoosae Tunnel
the initial point. The steel rails for 175 miles of track have Company is approved by the minority of the stockholders, whe
been purchased, and will be delivered as rapidly as needed for failed to accept the offer of the purchasers,”
~
construction.
With favorable winter weather it is expected
that the entire track between Denver and Pueblo, a distance of
120 miles, will have been laid before next spring.
The Fort
Worth & Denver Railroad
Company is building northward
through Texas. The two roads will, it is expected, be brought
f. junction attlie Canadian ltiver by the close of 1882. -Boston
to
Advertiser.
The Texas & Colorado Improvement Company is also constructingthe Fort Worth & Denver City Railroad from Foifc Worth
.
route
Union Pacific.—The following statement shows the earnings
for the fiscal year ending
ted by the company:
June 30, 1881,
as per
reports submit¬
Passenger
Freight
Miscellaneous
15,957,560'
1,837,544
;
$22,765,752
,
to the Canadian
Operating expenses
River, to form a connection with the Denver &
New Orleans road, thus to make a through line from the Rocky
Net eaynings
the
Interest paid
Dividends paid
Mountains to hde-w'ater. Many of the men engaged on tlie
construction of the Texas & Pacific will be released shortly by
completion of that road, and will be put to work
on
the
Fort Worth & Denver City line.
New York Stock Exchange.—The Governing
oidered the listing of the following securities :
Committee
Chicago Milwaukee & St. Paul Railway, Mineral Point
Division, 5 per cent first mortgage bonds, from No. 2,161 to No.
2,f00, for $1,000 each.
$4,970,G46
„..
11.474,910
:...
.,$11,290,842
$6,147,859
3,607,148
Under the sinking-fund act of May 7,1878, the “ 25 per cent
of net earnings” due the United States from that part of the
road to which the act applies has not yet been determined for
the year ending Dec. 31, 1880, items amounting to the sum of
$762,440 not being adjusted.
Auction Sales.—Messrs. A. H. Muller & Son sold the follow¬
Missouri Kansas & Texas
Railway geneial consolidated mort¬ ing at auction this week:
gage bonds, from No. 34,102 to No*. 36,581, for $1,000 each.
Shares.
East Tennessee Virginia & Georgia Railroad consolidated first
10 Sterling Fire Ins. Co
66 15 Clinton Fire Ins. Co
.151
mortgage divisional 5 per cent bonds, from No. 4,801 to No. 40 Mercantile Fire Imr. Co..
80
| 6 Knickerbocker Ico Co
97
7,450, for $1,009 each.
Bonds.
Chieago & Northwestern Railway 6 per cent bonds of the
$24,000 Florida Central RR.
Milwaukee & Madison Railway, from No. 1 to No. 1,600, for $3,000 City of Elizabeth,N.J.,
7s, due 1907; Jan., 1881,
consol, imp. 7s, due 1*96,
$1,000 each.
8
coupons on...
coupons on
43H
Pittsburg Bradford & Buffalo Railway bonds, from No. 501 to
.
No. 700, for $1,000 each.
Green Bay Winona & St. Paul Railroad, common stock, 80,000
BANKING AND FINANCIAL.
shares, of $100 each; preferred stock, 20,000 shares of $100
each; first mortgage 6 per cent bonds, from No. 1 to No. 1,600,
for $1,000 each; second mortgage income bonds (interest up to
8 per cent when earned, but non-cumulative), from No. 1 to No.
'
3,781, for $1,000 each.
South Carolina
,
Railway, capital stock, 58,222 shares of $100
each; first consolidated mortgage 6 per cent bonds, from No. 1
to No. 5,000, for $1,000 each; second consolidated mortgage 6
per cent bonds, from No. 1 to No. 1,500, for $1,000 each; income
mortgage bonds, from No. 1 to No. 3,000, for $1,000 each,
interest on incomes to be up to 6 per cent, if earned.
Charlotte Columbia & Augusta Railroad, capital stock, 25,780
shares of $100 each; first mortgage 7 per cent bonds, from No. 1
to No. 1,700, for $1,000 each, and from No. 1,701 to No. 2,300,
for $500 each.
Des Moines and Fort
per cent
A
NEW
SEABOARD TO THE
TRUNK
LINE
FRO>I THE
WEST is an event of so
importance that we have taken more than our usual
ing the main line; building branch to neighboring coal fields;
liquidating the floating indebtedness, etc. This company owns
127 miles of road and has a mortgage debt of about $20,000 a
mile. - It is proposed to issue a new general mortgage for an
amount not to exceed $3,750,000 in which prior indebtedness
shall be funded, or from the proceeds taken up as bonds fall
due.
Southern Pacific.—For the year ending June 30, 1SS1, the
company
much
paius to lay the
information before our customers and correspondents.
We have just
issued a pamphlet, copies of which can be
when earned), from No. 1 to No. 1,200, for $1,000 each.
meet Jan. 24 to vote on a proposition to increase tbe capital
stock from $2,500,000 to $5,000,000, for the purpose of extend¬
reports as follows:
Miles operated,
160*89; miles
owned, 711*56; leased to Central Pacific, 550*67; number of
locomotives, 4S>; passenger cars, 74; baggage, mail and express,
15; freight and other cars, 1,158; stock issued, $36,763,900;
debt, $28,774,000; floating debt, $699,279; interest due on
1st mortgage bonds, $482,145; total debt, $29,955,424; stock and
ebt, $66,719,324 ; cash, material and accounts due, $1,402,632;
ATLANTIC
OF
obtained at
our office, giving an acoount of the completion of the CHESAPEAKE &
OHIO RAILWAY to Newport News, and also of tlie ELIZABETHTOWN
Dodge Railroad first mortgage bonds (6 LEXINGTON Sc BIG SANDY RAILROAD, forming the connection
Scioto Talley.—Stockholders of the Scioto Valley RR. will
funded
OPENING
TUG
between the
Chesapeake Sc Ohio and its allied lines,
West,
Southwest
and Northwest.
The
and
Chesapeake &-.Ohio now enters the
as
the shortest route to the seaboard
ef the Alleghauics,
field as a through
for teu millions of
with very light fixed charges and a
trunk line
people west
rapidly-develop¬
ing local business.
six per cent bonds
the completed road to Newport News. Price, par and
A description of the bonds will be found on pages 15
The company arc now
of 1911, issued on
accrued interest.
and 18 of the
ready to sell the $2,000,000
pamphlet.
FISK A HATCH,
No. 5 Nassau
Street.
•
in their reserve,
'jjhe ^attlters; CSaxette.
followin'.* dividends have
making a surplus above the legal requirement of
a deficiency of $271,200 the previous week.
following table shows the changes from the previous week
comparison with the two preceding years
$1,543,300, against
The
DIVIDENDS:
The
and
reoently been aunoimood:
a
Bonks Closed.
Same of Company.
1831.
Dec. 24.
(Days inclusive.)
Loans and dis.
Railroad*.
Dee.
Belfast & Moorhead L ike prof
Cin. Ind. St. L. & Chiu. (quar.)....
Delaware fowlc.
J
& West. (quar.)..
nrstjiref
Norwich & Worcester
pitt§. Ft. Wayne & Cliic.
$5
lh
ls4
(quar,).
special guar, (qnar.)
Vermont Valley
do
2
2* 3
1 *13
Warwick Valley
Worcester & Nashua
Hanks,
Bowery National
Central National
Jan.
Jan.
Jan.
Jan.
Jail.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
5
<;
4
Chatham National—
Continental National
East River National
Fourth National.
5*2
3 is
6;62
5
3
Leather Manufacturers* National
Manufacturers' National (B'klyn)
National Broadway
North River.
People's
Phenix National.
Second National
;
aii.
.Ian.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jail.
3*2
$2
1*2
Harnibal & 8t. Joseph pref
Housatoulu pref. (quar.)....
Manhattan
8
3*2
5
3
5
1G
15 Jan.
Specie
20; Jail.
Net
in
•
deposits
Lesfttl tenders.
1'Jan.
1(3 Jan.
3 Jail.
10 Jan.
G
Jan.
.Jan.
Jan.
8
4
Jan.
.Jan.
31*2
10
2 Dee. 31
to
:
Wells, Fargo & Co. Express
3(Dec. 24 to Jan.
4
3'Dec. 23 to Jail.
2
3 Dec. 23 to Jan. 10
3I
Dee. 23 to Jan.
Dec. 24 to Jan.
2
2
Dec. 24 to Jau.
Dec. 23 to Jan.
2
2
1
3
3
21 to Jafi.
4
1 to Jan. 16
Financial Situation.—The Stock
Exchange movements have been the principal matters of interest
this week in financial circles, and the general result of the
fluctuations has been a considerable improvement in prices as
well as in the tone of feeling. Again, strong buyers have come
into the market and have supported prices with their heavy
purchases, preventing anything like a panic in stocks, just at the
point when a further decline might have been disastrous.
It is hardly worth while to give much attention to the rumors
of the street, except so far as they had at the time (whether
true or untrue) a positive influence on prices, and among the
rumors of (hat sort was the report that Wabash would pass its
dividend on the preferred stock and would also have to borrow
money to pay its January and February interest. If these
reports were true of Wabash, which has, perhaps, been more
conspicuous in this market than any other of Mr Gould’s great
consolidated companies, it was very plain that this result in a
year so generally prosperous as 1881 could hardly be looked
upon in any other light than as being decidedly unfavorabie. The
Vanderbilt reports have been fully discussed, and the conclusion
is generally drawn that from the figures presented, it appears
as if the railroad war had been much more injurious to those
roads than to the Erie, Pennsylvania or Baltimore & Ohio
lines. As to the Pennsylvania, this is further confirmed by the
report for November, published this week, which even shows an
increase in earnings on the lines east of Pittsburg and Erie.
As to the general business of the country in the past twelve
months it is hardly necessary to speak, as the signs of prosperi¬
ty are so manifest on every side. In all kinds of mercantile and
manufacturing business the volume of transactions has been
large, and the profits in most cases have been satisfactory. It is
particularly noticeable that there appears to be very little infla¬
tion, and seldom has there been less mercantile paper pressing
The Money Market and
on
market there
in the week, but
was a
fair supply of funds early
tho past day or two there has been some
stringency, as might have been expected just at the close of the
year, and stock borrowers have had to pay commissions of 1-32
to 1-16 per
day in addition
ernment bonds money has
to 6 per cent per annum. On Gov¬
been abnormally low, on account of
the small
supply of governments available as collateral, and the
heavy dealers
low
as
in Government bonds have taken call money as
2/2<a>3 per cent.
Prime
paper
is quoted about 6@6%
per
cent.
England statement
on
Thursday showed
a
de¬
crease for the week of
of reserve
discount
£434,000 in bullion, and the percentage
to liabilities was 34% against 38% last week.
The
rate remains at 5
per
cent.
The Bank of France
increase of 2,550,000 francs in gold and a decrease of
4,700,000 francs in silver.
The last statement of the New York City Clearing-House
hanks,
Tuc. $485,700
Inc. 2,167,000
Deo.
2,000
Ino. 2,520,800
Inc.
276,800
$71,832,100
rite.
1880.
Dec. 24.
1879.
Dee. 27.
$292,417,900 $277,584,200
57.086,000
18,431,400
267,063,000
48,638.200
23.732.900
13.300.900
212.062,200
12,089,700
73.405.100 Inc. 2,444.700
$66,767,000
70.386.900
$00,515,550
60.727.900
$1.513,300 111c .$1.814,500
$3,019,900
$812,350
$630,200
Exchange.—There lias been a little more activity in foreign
a good demand for sterling, particularly cable
transfers to make January remittances. The leading drawers
advanced their posted rates half a cent to-day. The actual rates
are 4 S0(g>4 80)4 for prime bankers’ 60 days sterling, and 4 84
@4 84)4 for demand, with cable transfers 4 85@4 S5)I, and
prime commercial bills 4 78)4@4 78%. The actual rates for conti¬
nental bills are as follows : Francs 5‘25%@5‘26)4, and 5*20
5*21/4; marks, 93%@94 and 94%@95 ; and guilders 39%@40%.
New York exchange was quoted to-day as follows at the
places named: Savannah, buying % off, selling xA@Vs off;
Charleston, buying )4@% discount, selling par@% discount ;
New Orleans commercial, 250 dis., bank, par; St. Louis, 50
discount; Chicago, 25 prem.; Boston, 10@25 prem.
an
active demand
firmly held. The situation
simple—there are not enough bonds to go around—and
under these circumstances we can alwa}’S look for firm prices
whenever there are no new projects on hand at Washington
which look to the unsettling of holders. On Wednesday the SubTreasury received only $2,500 of the bonds embraced in the
lOGih call, due Jan. 29, and $13,297,600 remained out; while of
for governments, and
prices
are very
is very
the 105th
call, due Dec. 24, $2,931,350 then remained out.
follows:
The closing prices at the New York Board have been as
In teres!
Dee.
Dee.
Periods.
24
26.
1
6s, continued at 3*2.. J. «& J. MOO *8
5s, continued at 3Jo-- Q.-Feb. *102%
re£. Q.-Mar. *11412
4*2*, 1894
4*28, 1891
coup. Q.-Mar. *114 lo
117 io
Is, 1907
rei?. Q.-Jan.
48, 1907
coup. Q.-Jan. *11838
6s, cur’cy, 1895..reg. J. & J. *126
Gs, eur’ey, 1896..reg. J. & J *127
Os, cur’cy, 1897..reg. J. & J. ’128
6e, cur’cy, 1898..re#. J. «fc J. *129
Gs, cur’c.v. 1899..rec. J. <fc J. *130
•
.
Dec.
27.
Dec.
28.
Dec.
29.
*101
*101*8 *10 m
102 7b 103*2
*102 34
*114*2 *ll4*o *11158
114 30 *11438 1115s
11738 117*2 1175.
Dec.
30.1
101*2
*
102 78
11458
1145a
*11758
1185s 1185s
O
MH
*11838 *1183a
*125
*127
*127
*127
*126
*127*2 *127*2 *127*2
-126 Jo *128
*127
*128
*128
*128*2 *128*2 *128*2
*127*2 *129
*Tliis is the price bid at the lnornm? board; no sate was
*129
*129
made.
State and Railroad Bonds.—In State bonds the transaction
have been moderate, as the attention of operators has been
much diverted to the stock market. To-day Tennessees old sold
Louisiana consols, 67% to 68)4 ; North Carolina special
North Carolina 6s, new, 33 ; Arkansas 7s, L. R. & Ft
Smith, 27.
Railroad bonds have had a fair share of attention, and the
at 75 ;
tax, 8
;
tendency of prices is toward greater firmness, in sympathy with
stocks, and also as the first of January approachevS, when the
demand for bonds will begin to increase.
Railroad and Miscellaneous Stocks.—There has been quite
a change in the stock market
and prices generally show a
decided improvement on last week. When the depression was
the greatest, the market met with the customary support from
some of the heaviest operators, and then, after the recovery
had set in, there was a movement all along the line to cover
short sales which has pushed up prices in the past day* or two
quite sharply. It is quite plain that there was a bearish feel¬
ing among a great many of the moderate operators in stocks
towards the close of the year, and in their opinion that a decline
would occur before January 1 they have been well justified by
the aetual events of the past ten days. As to January, however,
the tone is likely to change somewhat, or has already changed,
and with the heavy disbursements of money to come out early
in the year, and the natural disposition of railroad capitalists
most of this in order to stimulate the market for
securities, it is doubtful if the next month will be looked
upon as a favorable period for short sales, even by those who
to make the
new
The Bank of
shows
week.
United States Bonds.—There has been
NEW YORK, FRIDAY, DECEMBER 30, 1SS1-J P. M.
the market.
In the money
previous
exchange, and
3!
4 Dec.
1G Jan.
Differnees fr'm
57.300.100
20.125.800
287.418,400
16,015,300
Surplus
3!
f Mcellancons.
Brush Electric Light
.
Learal reserve.
Reserve held.
Jan.
5
;
$313,464,100
Circulation...
Insurance,
Hamilton Fir
Niagara Fire
Park Fire—
737
THE CHRONICLE.
31, 1881.] 1
Decemrkk
an
issued Dec. 24, showed
an
improvement of $1,814,500
think that prices of many stocks are yet too high.
The through trains between San Francisco and New Orleans
have just been put on.
The statement of Pennsylvania Railroad for November and
for eleven months to Nov. 30, and the statement of Reading for
ending Nov. 30, will be found on
good exhibit.
Western has declared a 2 per cent
November and its fiscal year
another page,
and they make
Delaware Lackawanna &
quarterly dividend.
a
HIGHEST
DAILY
STOCKS.
Monday,
Saturday,
Dec. 20.
Dec. 24.
RAI LROA 1)4.
Albany A Susquehanna
Boston A N. \ . Air-Line
Do
Buffalo Pittsburg A
pref...
Western...
Canada Southern
Cedar Falls A Minnesota
Central Iowa
Central of New Jersey
Central Pacilic
No.
804
50 4
804
524
19*4
20
89%
894
24 4
914
914
25 4
34
25
35
26
Olieeapeakc <fc Ohio
1st pref
2d pref
Do
Do
pref
Chicago Burlington A Quincy..
Chicago Milwaukee A St. Paul.
Do
pref.
Chicago & Northwestern
I)o
13434 135 4
102*4 104‘4
118
118
123 4 1244
137
137
Do
pref...
Oliicago Rock Isl. A Pacific
Chicago St. L. it New Orleans..
Chicago St. Paul Minn. ifc Oiu..
1324 1324
21
1204 128 4
68% 094
14
13 4
23 4
24
95 4
954
Hannibal A St. Joseph
Harlem
Houston <te Texas Central..'...
Illinois Central
Indiana Blooui’u A West., new.
Keokuk <t Des Moines
12S34 129 4
45 4 40
pref...
Do
11134
LI 1
pref
Do
131
204
pref..
Do
874
80
134
Cleveland <fe Pittsburg guar—
Columbia A Greenville, pref—
Columbus Cine. A lnd. Central.
Danbury «fe Norwalk
Delaware Lackawanna A West.
Denver & Rio Grande
Dubuque «fc Sioux City
Bast Tennessee Va. A Ga
36-4
344
Lake Erie <fc Western
Lake Shore
117
L15
Long Island
Louisiana A Missouri River..
pref..
Do
1004 1013
70
75
54
54 4
23
24
Louisville A Nashville
Louisville New Albany A Chic.
Manhattan
Manhattan Beach Co
Marietta A Cincinnati,
Do
1st pref.
2d pref.
74
80
70
Memphis A Charleston
Metropolitan Elevated
854
87%
453,
85 4
Michigan Central
Milwaukee L. Sh. A West.,
45*4
pref
30
09
Minneapolis A St. Louis
pref...
Missouri Kansas A Texas
Do
Missouri Pacilic
Mobilosit Ohio
Morris it Essex
Nashville Chattanooga it St. L.
New York Central it Hudson ..
New York Elevated
New York Lake Erie «t
Do
West..
pref.i
New Haven A Hart.
Ontario it Western ..
Norfolk A Western
Do
pref
Northern Pacific
Do
pref
New York
New York
Ohio Central
Ohio A Mississippi
Do
35 4
100 l4
33 4
121
83 4
131
107
30%
102
34
1214
*4
Q
41 %
91
40%
904
M
Hi
170
170
204
27%
50
33 %
70
22 G
50 4
35 4
72 4
O
w
35%
234
o5%
07 4
69
34 4
35 4
09
pref
Oregon &-Trans-Continental...
Panama, Trust Co. certificates.
Peoria Decatur A Evansville...
Philadelphia it Reading
Pittsburg Ft. Wayne it Chic
04%
Rensselaer A Saratoga
Allegh., stock trust ctfs.
38
39
1014 102%
154
154
Rochester it Pittsburg
Rome Watertown it Ogdensb’g
St. Louis A lion it Terre Haute.
Do
pref.
St. Louis & San Francisco
Do
pref. . ..
80
80
-
,
55
1st pref.
Do
St. Paul it Duluth
Do
pref
St. Paul Minueap. A Manitoba.
Texas it Pacino
Toledo Delplios it Burlington ..
Union Pacific
Wabash St. Louis ifePaoilic
Do
pref.
1094 1094
48% 49%
10% 16%
114% 110%
35 4 30%
00%
r
MISCELLANEOUS.
American District Telegraph
Delaware it Hudson Canal
New York it Texas Laud
Oregon Railway it Nav. Co
West.Union Tel., ex-certificates
EXPRESS.
Adams
American
United States
Wells, Fargo it Co
COAL AND MINING.
150
40
78
143
92
*73
*130
41%
*30
*15
*14
Little
Hbbmsou Milling
Silver Cliff Mining
These
are
the prices
Low.
High
67
106% 107
79%
39%
122
77 4
75
135
34
12 4
58%
17%
124
58%
17%
41
*37
42
40
42
*37
*14
145
89
414
15%
*
14
►12**
18 4
13
*33 4
*12 4
19
32
32
64
*4
20
3.
20
2
*'4
*2% "3
35
*26"
4
21
34 4
*18 4
**:i%
4
4
2
*4
-
4
20
4
3
194
’
*1 u
34
Jau.
1,030
135
Jam
22,870
39
Dec.
Dec.
1,264 120
100
457
430
*14
1%
600
*26*’
3
22
34 4
•* *500
”l%
5
1
*34
r
‘"bo
324
12%
100
700
59 4
59 4
300
194
194
33
33
920
100
550
50
900
300
*33 4
*14
1
21
2%
1%
21
2 4
bid and asked—no saie was
made at the Board.
t Lowest price
77
7,600
is ex-privilegs.
153
98
79
514 Jail.
142
Jan.
Jan.
Oct.
50
60
2
25
7
3
15
67
43
Oct. 18 1064
Nov. 15 54
Nov. 28 42
June 18 100
June 7
Jam 15
29% Jau.
17% Dec.
23
8 % Feb.
9
Apr.
35
May
5
75 4 July
7
Dec. 20
%Jam 4
32 4 Nov. 23
Dec. 23
12
53
Jam
17% Dec,
25
Apr.
7
21
27
Nov.
22
Feb. 17
45% May 26
7
Feb. 14
Dee.
*8 Nov.
Dec,
18
Dec.
2
2% Dec.
1 G F-’i.
28
9
22
23
9
14
7
°8
fr2«*
66%
104
28
26
4
l7:
7
24
22
16
27
384 June 10 30
9
21 % J uly 7
Dec.
1
4
81
id
120
Jan.
62 •% J an.
35
30
14
14
12
92%
39
14T
Feb. 21 102
190
62
02 % Feb. 18 274
3 1074 146
fan.
151
4%
o
4
4 Apr. 13
J une 20
94
_
% Dec.
Apr.
112
5,930
-
14
*334
30
4,100
151,145
7 4 % Feb.
r
115 % M ar.
49
Aug.
Deo,
89% Jam
200
43 4
39
43
39
42%
40
15
148
92
77
31
12,790
*133% 139
13
*12
20
*145
*90
77
77 4
90%
135
r
*
41%
14
*
4
•**4
15%
1%
"
1%
*5 4
75
*130
59
19%
59
1.35** 135*4
414
149
904
4
*
1%
2
78%
78 4
40
1084
42
126 4135
123
123
%
1
1
%
79% 81%
78% 804
79%
40%
*145
17%
34
151
414
40
122
1%
*174
tl35
41
37
108
107% 108
46% 40%
145
91
75
135
40
42
39
10
107 4
145
*88
75
734 734
T30
*130
135
*143
89
143
92
107
50
*
4
r
”88”
Stormont Mlnimr
*
Highest.
For FnU
Year 1880,
ii*5%
64%
150
40%
*123*4 124
§>nsolidation
omestake Mining
Coal
Cameron Coal
Central Arizona Mining
I>6adwood Mining
Excelsior Mining
New Central Coal
71%
106% 1074
Oolorado Coal it Iron
Pittsburg Mining
Mariposa Land it Mining
Mary]laud Coal
Ontario Silver Mining
Quicksilver Mining
Do
pref
Standard Consol. Mining
Lowest.
1, 1881.
Dec. 14 100
120
Jan.
5 135
120
Oct. 13
Dec.
7 30
25
10
45
61%
6*
Apr.' 7 714 July 13 37
65
60
60
60
Nov. 14
Feb. 20
37
50
90
‘"Vo
Feb.
24
*80
May 26
09
80%
*80
85
*80 4
90
Jan. 14 40
Dec. 27
50
81%
53 4
20,850
514 52%
504 52
50
51
14
29
Jan.
404
June
18
20
1.000
16
20% 20%
194 20
19
19
Feb.
5 45
37
31
May 23 25
Feb. 17 45
82 4 Jan.
90%
79.200
4 112
91% 92%
91% 92%
90% 99%
89% 90%
80 4 Feb. 25 102% June 18 63
97%
91 4 93
79.945
90 % 91
90% 91%
89% 90%
15
25%
3,280
20% Jan. 19 33% May 14
20% 20%
20
20
25% 20
25 4 25%
22
37 4
1.979
36%
*30
32% Jan. 12 48% May 14
30
30
35
35
34 4 34%
17
23
Jan. 25 36% May 14
27%
2,200
27
27% 29
27
26% 20 4
20% 20%
156
Jan.
5
994
131
127
159%
130
Aug. 20
2,322
130
130
127 4 128% 128% 129
117
153
Jail.
7
160
Mar.
23
140
140
140
183%
5,912 133 4 Dec, 27 1.82 4 Jan. 17 113
1J5 - 135% 130 4 130 4 *1*37"
133 4 134 4 135
100
98,523 101 4 Feb. 25 129% June 0 00 4 114%
1O0
% 107 4
4
3 05% 105
102% 104% 104
99
124%
■4,375 110 ■% Oct, 12 140 ' May 26
119% 119
118
119,4 120 4 120%
117
118
Jan. 19 87% 130
Feb. 25 130
84,530 117
125 4 120% 125% 1204
123% 124% 124 4 120
104
20
147
4
146%
1,300 131 4 Feb.
139% 139% 189% 140
139% 141
00% 204
Feb. 20 148-4
132 4
x!32
1,000 129
133 ! 133
132" i'32% 133 133
22
88
48
4
300
Jam
40
May
23
83
*80
Jau. 22
33 4 Dec. 23 51
30 % *30%
12,403
35
30%
35
35%
*33%
j Jan. 24
11,750
91
Feb. 2.)
102%
100
100% 100% 101% 1014 102 % 102
41 4 Feb.
2,500
57 4 68
1 68% June22
57 4
55
51
51
96%
Feb. 25 101% May 23 61
84
83
7,188 81
80
82% 80
80%
854 80 4
May 10 100% 129%
127%
Jail.
*134
29 142
2,004
L34
134
134
134
Dee. 30 95% Dec. 15
82
82
82
20
94 25%
18.585
18% Aug. 20 32% May 2(
214 22 4
21
22%
20 4 21%
20% 21%
53
May
ty 2<
24 50
00
May 12 ~7
Mar. 9 684 110%
Jan.
4 131
190,450 107
127 4 128 4
120*4 128% 127% 128% 127% 127%
60
Dec. 17i 113% June 7 014 86%
72 4
92,570
71
09% 71%
GO
70%
07% 09%
J nne14
83
00
70 4 Apr. 8 88
13
14
14%
10,850
Sept.22 21 A ug. 4
14
14 4
134 13%
13% 13 H
33
Aug. 0
23
Dec. 23
4,450
24
24 %
23 4 234
23% 23%
23% 23%
2,500
44% Jail.
4 350 Sept. 16 22% 50%
95% 95%
95% 95*
95% 05%
95% 95%
121
20
Sept. 17 634 105
94
Feb.
8,112
1134
113% L13
112% 118% 113
110% 112
8 250
05 197
May 23 158 200
Jam
205
205
June 18 49% 91%
03
Feb. -20 106
Jam 4 146 4 May 21 994 127%
4,440 124
132
1294130 4 130% 1314 131
128 4 129
57 4 May 19
38 4 Aug. 18
49
3,131
49 4
47 4 49 4
40
40 4
45% 45%
9
20%
Jam 10 30% June 2
14
18
18
56
J am 27 25
43%
Jan.- 4
41
20%
42%
65%
June
2
36
30
3,900 32 Dec. 27
35 % 36
34
34%
32
,34 %
139%
114% Dec. 27 135% Jam 20 95
116
220,490
110%
110%
115%
115%
110%
114% 115%
24
63
June 30 20
400
June 4
44
50
50
50
50
Feb. 21
38
10 4 Jam 26
June23
42
June 22 48
79
Feb. 25 110 4 May 1.8 77 174
88,380
100
1014 100% 1024 101% 102% 101% 1024
109
50
Oct. 27 117 4 June 11 30
75
75
2,915
74 4 75
75
75
57%
4,400
15% Aug. 9 59 4 Nov. 18 21
54% 54%
54
54%
54
55
54% 50
50
050
18
Oct. 10 59% May 20 30
27
27
27
27
24 4 24 4
3% 18
Jam
4 24
May 2
9
24 12%
"400
Jam
7 15
6
May 21
9
9
Feb. 18
93
June 13 29% 48
41
73 4
8,000
73
73
73
74
74
71
71
121
Feb. 14 83
4,320 77% Sept. 5 120
86% 86 7,
85 4 80
89
87% 87%
80
130%
Dee. 27 120 4 Jan. 20 75
58.558
88
84%
87%
80 % 87 %
80 % 88
84% 80!
Mar. 22
42
64% June 2
2,100
40
40
45
45%
45
45
30
4
Nov.
29
Nov. 15
23
30
30
30
62 4 Dee. 15
^04 Nov.30
09
09
09
May 21 28% 49%
35,815
84% Dec, 27 54
37
37%
30% 37%
35% 37%
34% 35%
1144
June 14
85
Jau.
28
102
44,810
101
4
100 4 1014
99% 101
98 % 100%
29%
18% Feb. 26 39% June23 12
2,100
36
30%
35 %
34
33
33
32% 33%
123
June 3 100
Feb. 25 131
1.700 118
121 % 121%
121% 122
128
Jam
0 102
Mar. 21 474
63
90
10,000
*7
86 4
85
83 4 85
83
83%
155%
J an. 3 122
Dee. 24 155
98,100 131
133% 131% 132% 131% 1334
131% 132 % 131
127%
1304
Feb. 15 109
96
Aug. 25
105
105
3,010
106
1064
100
105
100
4
100
51%
183.400
39% Dee. 27 52% Jam 15 30
414 42
40% 41%
40% 414
39% 40%
93%
90 4 Nov. 29 47
80 4 J uly 27
91
6,802
91
90%
90%
90
89%
90%
89%
00 104% Mar. 25 190
173
Junel3 155 180
*170
175
*172
170 - 170
170
170
32%
27,555
25% Dec. 27 43 4 Feb. 2 20
27% 28
27 4 27%
26 4 27%
25% 20%
23 4 July 14 20 4 Nov. 14
May 26
53
3.740
Aug. 20 70
57
57% 57%
57
50
50
50% 57
38
Mar. 17 20
13,765
32% Jam 13 51
37 4 38%
3 6 4 38
35% 35 4
35% 37 4
88
% June24 39% 67%
185,203
64%
Jam
25
704
78%
774
75%
73% 77%;
71% 73%
28%
21
Dee. 21
37% May 21 14
5,630
24 4
24
2 3 4 23%
23 4
23
22 % 22%
44%
Sept. 9 23
35
Dee. 23 00
2,400
37 4
37
35 4 36
35 4 35 %!
35 % So -4
102
May 21 57%
97% Jam 8 126
300
18
Oct. 12 37 4 J nne10
24
24
24
24
Doc. 16
Dec. 23 83
1,462 64
74
74
76
70
70
70
Oct. 13
190
Oet. 17 200
28%
5,808
27% Jau. 4 57% June22 18
30% 37%
36% 37%
35 %
34% 30
34
50
Feb. 25 74% Oct. 4 134 72%
68
79,100
4
69%
69%
08
68%
09 4
69%
4
00 % O'.)
00-4
**2
‘■J
Oa°4
OJ
May 17 112 1129
25 127
Jau. 19 142
134% 134%
129
137
134% 134% *133 4 134 4 *
Juno 10 111
130
Jam
7 146
June 23
Oet. 10 80
2,140 35
40
41
38
38 4
38% 39 4! 39 4 39 4
Dec, 29
99 4 Oct, 20 171
5,190
169
170
106
169 1 170
171
160
163
2,850 122 Nov. 28 107 % Dee. 30
104
104%i 100 100 4 166 167%
155
158
June
18
1,310 22 Dec. 23 50
25 4 25%
24 4 25%
25% 25%
504 J une 3 19% 35
Deo. 30
24
24
24%
42
Feb. 28
77 4 May 12 15
39
47
47
112
Dec, 28 143% May 25 424
800
85
85
85
%
86
86
55
June 14 25% 48
Mar. 24
39
1,500
ii" "414
404
39% 39 4
40
65
39% 39%
81 % J nne 3 33
Dee.
23
55
1,691
58% 58%
50% 58
504
50
109
55
55
60
115
June
Feb.
25
4
29
180
90
104
104
40
Feb.
9 42 4 May 4 25
26
79%
89 4 May 25 50
Mar. 8
70
88
113% Nov. 12 67
88 4 Jam
1,870
7
1124
1124
112
4 112 4
47%
111 4 112 4
110
111
73 % June 14 30
41,939
414
Jail.
4
50%
51%
49
50%
49% 50%
48 4 49
May 13
15
Dee. 23 38
1,930
17 4 17%
10 4 17
113%
17% 17%
80
68,180 105 4 Feb. 25 131% July 2
116%
117%
116%
117%
264 48
115% 117
ii4%
00
Juue30
33
39,460
%
Dec.
27
36 4 38%
34% 30%
35
36
33 % 35 4
51% 88%
64 % Dee, 27 90 % May 16
167,920
68
71%
05
68 4
66% 67%
..
Pacilic Mail
Pullman Palace Car
Sutro Tunnel
Deo. 30.
Dec. 29.
Range Since Jan.
.
84
134
107
Ohio Southern
Richmond A Danville
Richmond it West Point
Friday,
Thursday,
Dec. 28.
Dec. 27.
Sales of
the Week,
Shares.
35"
33 4 36 4
100 4 1014
pref.
Cincinnati Sandusky <fc Clev....
Cleveland Col. Cin. & I ml
Do
Wednesday,
Tuesday,
----
1284 129 4
Chicago & Alton
PRICES.
AND LOWEST
JAN. 1.
129
130
Burlington Cedar Rapids «fe
EXCHANGE FOR THE WEEK, AND SINCE
AT THE N. Y. STOCK
RANGE IN PRICES
Rich.it
fvoi. xxxm,
THE CHRONICLE.
738
27
3
Jam
8
Jan.
9
Fob.
35%
134 Oct 29
A pr. 13
7
13
v
1
.
45
20
"2
114
6
20
2%
55
118
42%
39%
39
30%
4%
27
39%
24%
78%
34
21%
25%
25%
35
6%
December
THE CHRONICLE.
31, 1861. J
739
quotations of state and railroad bonds and miscellaneous securities.
STATE
SECURITIES.
AKfr3to5,190:
Class A, 2 to 5, aiiial
Class B, 5a, 1906...
ClassC, 4s, 190b
...
Bid.
Ask;:
81
82
100
80
82*2
A6s,*funiled, 1899-1900...
188.
35
28
Rock A Ft. S.
A L.Rock Rli
7® L. R. P. B.A N.O. RR
7i Miss. O. & R. R. RR.
7s. Arkansas Cent. RR.
Connecticut—6 s, 1883-4.. 105*4
Georgia—6 s, 188b
111
7s. Memp.
7s. now, 188b
7a endorsed, 1886
78, gold, 1890
27*2
17
68*2
67*4
63
113
114
(Stock Exchange Prices.)
Ala. Central—1st, bs, 1918
Atch. T. A S. Fe—4 *2,1920
Atl’c A Pac.—1st,6s, 1910
i’o’i**
no
82
54
122
i05V
....
.
117"
♦i’15
112
i*29
118
118*4
119
114
116
Int.AGf.No.—1st. 6s gold
Coupon, 6s, 1909
Kent’ky Cen.—M.,6s.1911
1902... ♦ 113
Adjustment, 7s, 1903... 107*4
110
Leh.AW B.—Con.g’d.as. 106
Con v., assented,
140
101
141
.
133*2 135
120
120
119
120
120
122
123
......
123
Sinking fund,
:
123
.
.
97
94
106*2 106 **4
116
117*2
109
94
93
110
98
97
109*2
......
109*2
123*a 124
i 02 -2
Peninsula—1st m.,
120
_
126
Winona it St, P.—lstm. ♦ 108
2d mort., 7s, 1907
Metrop’lit’n El.—1st,1908
2d mort., 6s, 1899
......
120
113
IfiLA Mad.—1st,Os,1905
Mich. Cent.—Con. ,7s, 1902
1st mort., 8s, 1882, s. f..
C. C.C.& Iud’s—lst,7s,s. 1. 124*8 124*2
Consol. mort,, 7s, 1914.. ♦ 122*2
C
8tL.itN.O.-Teii.lien,7s 115 121
latm., con., 7s, 1897.... J+
119
C. St. P.M.& O.—Cons., 6s
99 V 100
C.St.P.itM.—lst,0s,1918 109 109*2
1930.
8tP.<ts.C.—1st, 6s,1919
109*8
Chic.it E.IU.—lst.s.f., cur.
6s. 1909
Registered, 5s, 1931
100
«ol.&
Green.-lst,6s,191 b
2d, 6a, 1926
Del L. &
W.—7s, conv. ’92
Mort. 7 s, 1907
112
128
121
134
117
8vr.Blng.AN.-Y.—lst,7ft
Morna it Essex—1st
2d wort., 1891
Bonds, 7s, 1900
7a of 1871-1901
m.
"tm-.conso1., guar.,7s
.
lat
.
.
111V
r
.......
115
118
118
‘Prices nominal.
■
128*2
t
..
.
N.Y.A New
\ And aosruwd iMfcwrwsb.
105
lst.RioG.Div.,6s,1930
Pennsylvania RR—
c.
♦96*3
Pitts. Ft. W. A Ch.—1st m
2d mort., 7s, 1912
3d mort. 7s, 1912
Clev. APif t8b.—Cous.,8.f
4th mort., 6s, 1892
Col. Ch. AI. C.—1st, cons
2d con., 7s, 1909
139*3
1st
Registered, 1921
■
114
Pits. B’d. AB.—1st,6s,1911
Borne W.AOg.—Cou., 1st.
125
116
130
......
......
j
2d mort., 7s, 1897
j
Cairo A Fulton—1st m..
Cairo Ark. A T.—1st m.
!
j
;
Arkansas Br.—1st mort.
j
'
Gen.c.r’yAl.g.,58,1931..
m.
2d mort., pref., 7s, 1894.
99
2d mort., income, 7s, ’94
98
J BellevilleAS.Ill.—lstm.
109 V St.P.Miun.A Man.—1st,7s
100
100
l
Dakota Ext.—6s, 1910
82 V,
St. P. A Dill.—1st,5a, 1931
106 V 106*2 So. Car’a R’y—1st,6s, 1920
71
72
| 2d, 6s, 1921
104
106
Tex.Ceu.—lst.s.f. ,7 s, 1909
..
987b
1130
119 *3
85"
1st, St. L. Div., 78,1889
2d mort.,ext., 7s, ’93..
Equipm’t bonds,7s, ’83
Consol., conv., 7s,1907
Gt. West.—1st, 7s, ’88
2d mort., 7s. 1893
Q. A T.—lat. 7s, 1890
* No price Friday—tiiese are
...
56*2
53
75
95*4! 97
68
70
61
61
pref. debentures
43
97
54
Ohio Cent.—Income, 1920
Min’l Div.—I uc. 7s,1921 *
Ohio So.—2d Inc., 6s, 1921
42
44
44
46
Ogdeusb.AL.C.—Inc. 1920
Peoria D. A Ev.—Incomes
Evansv. Div.—Inc.,1920
Roch. A Pitts.—Inc., 1921
7ft
85
85
40
60
98
89
accum.
♦93
2d, 6s, int. acc’nmlative
87
50
t,L.A.AT.H. —Div. b’nds
50
5ft
3#
'ol.Del.A B.—Iuc.08,1910 *
Dayton Div.—6s, 1910.. ♦
30
Miscellaneous List.
Long Island—1st mort..
2d mort
N.Y.AG’nw’d
2d mort
♦ 108
101 *3 103
118
112
112
105 v
106
.
.
.
....
.
L.—1st,7s,u
50
12
Joseph A Pac.—1st m.
2d mort
St. Jos. A West’ll—Stoek.
Tex. A St. L.—1st, 6s, 1910
Wis.Cent.—1st series, new
2d series, new
85
30
st.
104
85
85
30
10
80
25
112
110
3.13*"
55
15
88
35
8*3
12*3
80
78
49
83
80
5#
Southern Securities
(Broker’s Quotations.)
42*3
41V
99
♦89
106
106*3
96
90
Income, 6s
80*3
79
Stock
97
96
116
125
101
Stock.
92
95
113
109
95
♦no
108
10134
......
Wabash—Mort. 7s of ’09
Tol. A W.—1st, ext., 7s
90
Lake E. AW.—Inc. 7s, ’99
Kansas A Neb.—1st mort..
2d mort
135
......
68
65*3
Stock.
117
126
*115
91
97*3
104 V
i'lO
111*3
Jackson—1st, 8s.
Certificate, 2d mort., 8s.
107 V 108
;os
J. O. A
......
fortheast.,S.C.—1st m.,8s
2d mort., 8s
iontlrw. Ga.—Con v. 7 s, ’86
10434 107
109
.
.
.
.
112
.
♦ 124
112
tllO
ilemph.AChar.—1st, cons. 112
1st, consol., Tenn. lien., 114*3
106
lisa. Central—1st m., 7s. 101
111
108
2d mort., 8s....
6s
......
...
98 V
70
70
100
100
Lehigh A W.B.Coal-1888
100
102
116 V 117*4
107*3 no
Ill
109
111
108
no
85
87
116
......
Tol.P.AW.—1st, 78,1917
Iowa Div.—6s, 1921
Ind’polis I)iv.—6s, 1921.
Detroit Div.—6s, 1921..
Cairo Div.—5s, 1931.
65
♦
104*4 1043,
jTol. Del. A Bur.—Main. 6s ♦
1st, Dayt. Div., 6s, 1910
! 1st, Ter’l trust, 6s, 1910
90
W. St. L. A P.—Gen. m., 6s
Chic. Div.—5s, 1910
Hav. Div.—6s, 1910
♦65**
.....
90*4
Dauv.—Cohs.g., 6s.
2d asseuted, 6s, 1909
(Broker's Quotations.)
91*3 Cin.Ind.St. L.AC.-lst,Gs
Galv.H.A Hen.—7s, g.,’71
......
Roch.A Pitt.—1st,6s, 1921 ♦ 100
Rich. A AITg.—1st,7s, 1920 104*4 105
Rich. A
104
136
130
......
......
i
BayW.ASt.P.—2d,Inc.
Ind s Dec. ASpr’d—2(1 me.
Trust Co. certificates... t
Int. A Gt. North.—2d Inc. *
1st, 7s, pref. int
125
1st, Tr’t Co. etts., ass’d 115
2d, Tr’t Co. ctfs., ass’d 115
1st,Tr’t Co.ctfs.,suppl. 118*3 119*3
St.L. V. AT. H.—lst.g.,7s
2d mort. 7s, 1808
2d 111.. guar., 7s, 1898.
St.L. Alton A T. U.—1st
136 H 137*3
89
135
Val.—1st, cons., 7b.
St. Louis A I. Mount.—1st
136V 138
102
74 V
74
88 34
Scioto
121 Ks
♦109V L11
Nevada Cent.—1st m., 6s.
"10534
I’d gr., reg.
101
Chie.St.L.AN.O.—2d,1907 *100
112*3
Col.Chic. A I.C.~ Inc.7s,’90
74
75*4
Cent. Ia.—Coup.deb.certs.
Chic.St. P.AM.—L.g.ine.Us
Chic. A E. 111.-Inc., 1907
Des MAFt.D.—1st, Inc.,6s
E.T. Va.AG.—Inc.,6s, 1031
54 V
55
N.Y.LakeE.AW.—Inc.6s.
■lstine.ac.5-7
100
107
♦
Consol., 6s, 1905
(Interest payable if earned.)
Ala. Cent.—Inc. 6s, 1918.
Atl. A Pac.—Inc., 1910..
Atlanta A Cli.—Ine.,.1900
Central of N. J.—1908....
92*3 N.O. M. A Tex.—Deb.scrip
a
Equipment, 7s, 1895..
92
102 V i03
00
91
124
103*4 L04
Eng.—1st, 7s. ♦120 V
1st in., 6s, 1905
103
91
109*8 109*4
INCOME BONDS.
4tli
♦90
So. Pacific of Mo.—lstm
Tex. A Pac.—1st,6s, 1905
♦ibo’
106
Om.Div.—1st mort., 7s 112
113*4
Claviuda Br.—6s, 1919 *
100*3
St. Chas. Br.—1st, 6s..
101*4
No. Missouri—1st, 7s.
123*8 124*4
West.U. Tel.—1900, coup. 118*3 118*3
1900, reg
♦
120
N. W. Telegraph-7s, 1904 il05
Spring Val. W. W.—1st, 6s ♦ 113
Sand’ky Div.—Inc., 1920
♦113
cl.A
3-6s, class C, 1906
3-6s, class B, 1906
1st, 6s, Peirce C. A O.
1001*
Laf.Bl. AMun.-Inc.7s, '99
Mil. L. S. A W.—Incomes.
Mob. A O.—1st pref.debeu.
2d pref. debentures
3d pref. debentures......
no
2d mort., 7h, 1801
St. L. A S.F.—2d, 6s,
106
100 \
I
......
107 V
Pa. Co’s guar. 4 *gs
98
100
......
3d mortgage, 7s, 1906.
Pacific of Mo.—1st, 6s
128
1st m.,7s 117
119
2d mort., 7s, 1885
105*2
lat, cons., guar.7s.1906' 125
126
Reus, efc Sar.—1st,
coup,
lat mort.. re<r.. 1021
N. Y. C. A H.—lstm.,cp.
1st mort., reg., 1903 ..
Iluds. R.—7s, 2d, s. f.,’85
Canada So.—1st, int. gu.
Harlem—1st m., 7s, cp..
1st mort., 7s, reg.,1900
......
106*2 ’07
91
91*2
..
105
mort., ext., 7s. 1891 ♦
mort., coup., 7s, ’94
reK- 7s, ’94...
o’1 a-Piv-* cp.,7s,1917
1917
.^•.78,
Alb.
&8usn._
118
122*4 123
123*2 125
Del
&H.C.—lstm.,7s,1884
lat mort., 7s, 1891
lat
......
......
Exteus’n, 1st, 7s, 1909
Mo. Pac.—1st consol., 6s
.
Ind.Bl.A West.—Iiic.,1919
104
80*2
Mil.ANo.—1st,4-5-63,1910
Mil. L.S.AW.—1st 68,1921
Mo. K. A T.—Gen.,con., 6ft
Cons., assented, 1904-6.
2d mort., income, 1911..
H. A Cent. Mo.—1st,’90.
Mobile A O.—New m., 6s. 110V
Morgan’s La.ATe.x,lst,6fti
Nash.Chat. A St.L—1st, 7s ilSVi iid'
2d, 6s, 1901
N. Y. Central—6s, 1883
102^
109
6s, 1887
102
6s, real estate, 1883
6s, subscription, 1883.. 102
no”
103
100
100
Cent. Br. U. Pac.—lst,6s
Funded coups., 7s, ’95.
A tell.C. A P.-lst,6s,1905
At. Jew. Co. AW.—1st, 6s
Utah So.—Gen., 7s, 1909
u.uti
Ill.AS.L—1st, 7s. 1882
Hail. A Naples—1st, 7s
St.L. K.C.AN.—R.e.,7.3
G’
107=4 108 34
Den.Div.,68,as8’d.’99
1st cons., 6s, 1919...
Income A
small
registered.
Oregon RR.ANav.—1st,6s
108
.....
.....
97 V
97
Jack. Lan.A S—6s, 1891
93*3
.....
.....
18
-.-.
9'i
Registered 8s, 1893...
112
Collateral trust, 6s
♦
Kans. Pac.—1st, 6s,’95 111 *3
109
1st in., 6s, 1896
Equipm’nt bonds, 8s,'83
Coupon, 5s, 1931
97*3
110
100
102
.
.....
.
......
L. Erie A
Manliat.B’ch Co.—7s,1899
N.Y.A M.B’h—1st,7s,’97
Marietta A Cin.—1st, 7a..
1st mort., sterling
103*3
119*3 119 V
119 *3
119
123
119
119V
9H34 99
......
.
Leban’n-Knox.—6i,1931 ♦ Vdi'
107*2
W.—1st, 6s,1919 107
90
Sandusky Div., 6s, 1919.
102
L
103
Laf. Bl.A M.- 1st, 6s, 1919
Louisv.N. Alb. AC.—1st, 6s 103 *•. 103 V
124
108*4 109
108
109
101
reg
£<>• Wise.—1st, 6s,
^
.....
123
conv.
Mil.—1st in..
-
W .ft»U
95
103
.....
....
131
130
*3
......
......
103
Iowa Midl’nd—1 st in., 8s
•ffaleua A Chic.—Exten
•Chicago it
.
*4
......
......
i‘24
2d mort., 7s, 1884
♦ 100
lat, 7a, I.it D. Ext., 1908 119
8. W. Div., 1st, 6s, 1909. ♦ 105
°
-
Lake Snore A Mich. S.—
Mich. So. A N.I. s.fd. 7s 107*4
Cleve. A Tol.-Sink. Id.. 109
108
no
New bonds, 7s, 1886..
Cleve. P. A Ash - 7s.... 111
122 V
Buff. A Erie—New bds.
Buff. A State Lice- 7s..
Kal. A W. Pigeon—1st . ♦ il‘j" 115"
126
Det.M. A T.—lftt,7s,1906 120
125
Lake Shore—Div. bonds 122
Consol., coup., 1st., 7s 130
Consol., reg., 1st, 7s... 126*3
Consol., coup., 2d, 7s.. 123 4 124
123*2 124
Coil sol., reg., 2d, 7 s
Louisville. A Nashville—
120
121
Consol., 7-s, 1898
2d mort., 7s. gold, 1883. 101
Cecilian Br’cn—7s, 1907 ♦ 110
N.O.AMob.—1st,68,1930 100
98 V
E. H. A N.—1st, 6s, 1919
Gen’l mort., 6s, 1930.. 101ft 102
104
Pensacola Div—6s,1920
103
St. L. Div.—1st, 6s, 1921
2d mort., 3s, 1980
1.18*2
Nasliv. A Dec.—1st, 7s. 118
S.A N.Ala.—S.f.,6s,1910
......
-to*:
Peoria Dec. A Ev.—1st, 6s ♦ 106
107 *3
Evans. Div., 1st, 6s. 1920 100
116
Pac. RRs.—C.Pac.—G.,6s.
San Joaquin Branch.. 108
Cal. A Oregon—1 st 111..
106*3
State Aid bonds,7s,’84 ♦ 105
105
Land grant bonds, 6s.
West. Pac.—Bonds, 6s 113
So. Pac. of Cal.—1st, 6s. 103
103*3
Union Pacific—1st mort. 117V 1173*
Laud grants, 7s, ’37-9. ♦ 112*3 113*3
124
Sinking funds, 8s, ’93
99"
74 «s
SECURITIES.
vac.—u-l.gr.,1stcon.ua
Oregon ACal.—1st,6s,1921
Panama—8. F. sub. 6s, 1897
122
100
....
.....
Do
Do
Registered 1»h 1021
106*2
74*3
74 s4
Registered
Funding 5s, 1899
N. O. Pan.—1st, 6s,g.,1920
Norf. AW.—G.l.m.,6s, 1931
Olno A Miss.—Consol, s. f.
Consolidated 7s, 1898...
2d consolidated, 7s,1911
1st m., Springfield Div..
Ohio Cent.—1st, 6s, 1920.
lstm
Ter’l TV
Os 1900
1st Min’l Div.—6s, 1921
Ohio So.—1st M„ 6s. 1921.
......
115* ii*8**
Reg., gold, 7s, 1902
Sinking fund, 6s, 1929..
Sinking fund, reg
Sinking fund. 5s, 1929..
jl
Ml
MISCELLANEOUS
12*3
109
District of Columbia^3-65s. 1924..
Small bonds.
6s, coupon, 1893-99
1st, consol., fd. cp., 7s.
2d, consol., fd. cp., 5s.
Ev. & T. H.—1st cons., 6s "98" IO2"
Fl'tAP. Marq.-M.6s,1921
ids"
Gal.Har. A S. Ant’o—1st,6s
2d mort., 7s, 1905
♦ 108
L09*4
G. BayW. A St. P.—1st, 6r
Gulf Col. A S. Fe—7s, 1909 108*2 109*8
109
Han. A St. Jos.—8s, conv. 108
110*2
Consolidated 6s, 1911...
Houston A Texas Cent.—
113
1st mort., 1. gr., 7s
1st mort., West. Div., 7s 110*2 113
1st mort., Waco A N., 7s 114
124
2d, consol., main line, 8s
i'12
111
C.A N.west.—S.l, 7s, 1885
Interest bonds, 7s, 1883
Consol.bonds, 7s, 1915..
Extension bonds, 7s, ’85
lat mort., 7s, 1885
Coupon gold, 7s, 1902...
88
6s, 1886
1253,
led
115*2 116*8
♦101
latS. Minn.Div.,6s,1910
latm., H. it D., 7s, 1910
Ch.it Pac. Div., 6s, 1910
lstCliic.it P.W.,5s,1921
Miu’l Pt. Div., os, 1910
10
class 2..
class 3
Rhode Island—
105*4 106
Buff. N.Y.AE.—1st,1916
N. Y. L.E. AW.--New2d,6
119
lat, 5a, La.it Dav., 1910.
Small
Ohio—
102 *2 10334
82
82v
1st,consol., gold, 7s,1920
Long Dock bonds,7s, '93 ♦ 117
53*8
;...
Special tax, class 1, ’98-9
--N-
2d, guar. (188), 7s, ’98.
ICiss.K.Br’ge—lst.s.f. 6s
2d, Waco A N., 8s. 1915
♦
C. B.AQ.—8p.c., 1st in.,'83 ♦ *106**3 108*2
Gen. mort., 6s, 1921
Consol mort., 7s, 1903.. 130*2 132
111.Cent.—Dub. A S. C., 1st 103
Dub. A 8. C., 2d Div., 7s 115
6a, sinking fund, 1901..
Iowa Div.—S. F.,5s,1919
Ced. F. A Minn.—1st m.
86
92
Iowa Div.—S.F.,4s,1919
Ind.Bl.A W.—1st, pref., 7s 123"
131
C.R.I.&P.-6S,coup.,1917 128
1st mort., 3-4-5-68, 1909 ♦90
125*8 127
2d mort., 3 4 5-6s, 1909.
6s, 1917, registered
105
Keo.A Des M.—1st, g.,5s
Indianap.D ASpr.—lst,7ft ♦ 104 34
Consol. 7s, 1905
A.&O
Consol. 4s, 1910
AND
i04‘'
81**
....
1868-1898.
Do
Do
RONDS4
2d mort., ext’d 5s, 1919
3d mort., 7s, 1883
4tli mort., ext’d, 5s, 1920
5411 mort., ext., 7s, 1888
ibo** i’02"
lstm.,7s, $ g., R.D.,1902
latra.,LaC. Div., 1893..
latm., I. & M., 1897....
latm., I. & D., 1899
■latm.. C. it M., 1903....
14
bonds, J.<t J., ’92-8
Do
Ask.
68, Act Mar. 23, 1869)
uon-fundable, 1888.. >
Brown consol’n 6s, 1893
Tennessee—6s, old. 1892-8
6s, new, 1892-8-1900....
6s, new series, 1914
Virginia—6s, old
6s, new, 1866
6s, new, 1867
6s, consol, bonds
6s, ex-matured coupon..
6s, consol., 2d scries
6s, deferred
Chatham RR
"""
IViOUl.— ISl.iDOO
Erie—
1st mort., exten
68*2 76
99 *3 100
♦120
is, 1921
New
108
108
103
118
119
120
1st, consol., 7s, 1910
C. M. «t St. P.—1 st.8s, P. D.
2dm., 7 3-10, P. D., 1898
Do
110*3
Bid.
South Carolina-
A.AO
coup, off,
coup, off,
J.AJ.
A. AO.
Funding act, 1866-1900.
110
’87.
Denv. So. P. A Pac. —1st, 7s
E.T. Va.it Ga.—1st cons. 5s
Divisional 5s, 1930
Am. Dock «t Im.—Ass’d.
35
SECURITIES.
,
Railroad Ronds.
Central of N.J.—lstm.,’90
lat consol., assented, ’99
I)o
Do
Do
109*2
gold, coup., 1887
loan, 1883
loan, 1891
loan, 1892
loan, 1893
DoUV.ili
Joliet A Chicago—1st m.
La. A Mo.—1st in., guar.
2d mort., 7s, 1900
St. L. Jack.<t Cli.—1st m
lat, guar. (564), 7s, ’94
2dm. (360), 7s, 1898..
Ask
old, J.AJ.
6s, old, A. A O
No. Carolina RR., J.AJ.
103
6s, due 1882 or 1883
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or 1890
Asyl’m or Univ., due ’92
Founding, 1894-’95.
Hannibal & St. Jo., ’86.
6s,
6s,
6s,
6s,
6s,
Bid.
N. Carolina— 6s,
RAILROAD
Balt.&O.—1st, 6s, Prk.Br.
Boat. H. A E.—1st mort..
Bur.Ced. R.A No.—1st, 5s
Minn.ASt. L.—lst,7s,gu
IowaC.A West.—1st, 7.s
C.Rap.Ia.F.A N.—1st.6s
Buffalo&S.W.— VI.* s,1908
Central lowa^-lst, 7s. ’99
Char. Col. A Aug.—1st, 7s
Cheasp. A O.—Pur. m’y fd.
6s, gold, series A, 1908.
6a, gold, ser. B, int. del.
6a, currency, int. def ...
Cliicago A Alton—1st in..
Income 7s, 1883
Sinking fund, 6s, 1903..
SECURITIES.
104
120
Do
do
New York—
6s, gold, reg., 1887
111
consol., 1914
small
7a,
7s,
27v
117*2 119*2
j^uisiana—
Ask.
Missouri—
27
7s L.
Michi
ihigan6ss, 1883.
7s, 1890
10-20s, 1900
6s,
Bid.
SECURITIES.
RONDS.
.
.
.
.
104
.
Stock
P’ Venrern.
latest quotation* made this week. ’
N. C.—lftt. 1<
..
114
119
112
116
125
118
110
120
....«•
104
107
-•mmmm
.
.
.
_
.
_
CHRONICLE.
THE
740
New York Local
Insurance Stock
Par.
).... i
I0O
100
100
25
525
100
100
25
100
12 J
:.
Broadway
Oommerce
Continental
Corn Exchange*
East River
Eleventh Ward*
Fifth
Fifth Avenue*
F4«st
*
Fourth
{Tilton
Gallatin
German American*.
German Exchange*.
Germania*
Greenwich*
Hanover
125
103
Citizens’
City
Clinton
.
.
•
*
*
-
...
-
.
•
180
104
•
.
.
•
•
•
«
....
135
ICC
•
•
129
Manhattan*
Marine
Market
Mechanics’
Mechanics’ Assoc’n.
Mechanics’ & Tr’cirs'
50
100
100
25
50
25
100
50
50
100
100
•
•
•
•
•
•
•
•
Howard
a
,
j
....
135
136
150
.
.
.
.
•
.
xO)
.
125
130
1119
127
....
4 sic.
.
50
100
100
100
100
1(H)
St. Nicholas
Seventli Ward
Second
Shoe and Leather.
Sixth
State of New York..
.
Third
-..
Union
United States
West Side*
(■lax and
Manufac rs’& Build.
Manhattan
Modi. A Traders’...
Mechanics’ (B’klyn).
....
Mercantile
...
Merchants’
Mont auk (Brooklyn)
Nassau (Brooklyn)..
1100
i
i‘2i
....
to
...
....
115
165
’.00
1
lit)
100
j...
1
*
♦
-
.
.
•
..
Peter Cooper
People’s
....
•••
117 k
..
Phenix
Relief
Republic...
Rutgers’
....
.
.
Standard
Star
1
-
-
r
-
1-0
Sterling
Stuyvesant
Tradesmen's
....
i r» 2
..
United States
Westchester
| ico
I-
....
Williamsburg City..
2i()
05
125
155
05
155
115
oi n. & Pa-»sumpsic, »»-,
Cennctt in Val ey. 7a
95
;9l
105
130
300
7<>
140
100
75
160
120
95
100
71
160
(5 •
Eastern
Eastern
.
154
115
1
?tt
!
70
Amou?if.
25
20
2,000,000
1,200,000
Brooklyn Gas Light Co
Citizens’Gas Co (Bklvn)
bonds
1,C00
50
20
50
100
500
100
Jersey City & Hoboken
M+nhftt an
M etropolltan
do
.bonds
Mutual, N. Y
do
-
ID
M2
220
126
200
120
LH i
20
Nassau, Brooklyn
Va
100
scrip
.
10
People’s (Brooklyn)
Bond*
Bonds
Central ot New York
1,000
Williamsburg
Var.
50
50
do
1,000
bonds
100
Metropolitan, Brooklyn
Municipal
;
100
do
bonis
Fulton Municipal
•
-
-
100
Date.
*3
*
Nor., •81 1 <4
2k Jan., ’82 x60
!05
1898
7
3
’78 93
fuiy. ’31 ICO
5
Dec., •81 IO oc is:
7* Aug. ’81 155
3
...105
82 x85
lk
104
3*; 1882
3
^Sept '8! 72
9-3
3)4 Nov.,
4
Nov., ’81 111
3k -Jan., ’76 38
7
1897
105
6
1900 &c 90
3
July, '80 60
Ort.. ’81 69.
0
1900
101
2k Jan., ’82 70
’81
5
192k
Dec.,
105
0
1888
09
Feb.
7
.
jai?.,
700,000 M.&N.
4,000,000 M.&N.
& .1
1,000,000
875,000 M.&N.
125,000 Var.
400,000 F.& A.
1,000,000 Quar.
1,000,000 A.& O.
1,000,000 M. &N.
3,000,000
750.000 M. &N.
l 50. >,000J
......
*
Bleeeker St. & Fult. Ferry—St’k
100
! 1,000
1st mortgage
100
Broadway & Seventh at.-St’k
.
1st mortgage
1,000
Brooklyn City—Stock
10
1st mortgage
1,000
100
..
Brooklyn Crosstown.—St’k...
100
1st
mortgage bonds
Bushwick Av. (B’klyn)—Stock.
Central Pk. N. & E. uiv.—Stock
1,000
100
100
Consolidated mort. bonds
1,000
Christopher & Tenth St.—Stock
Bonds
100
1,000
...
100
Dry Dock E.B.& Batt’ry—Stock
1st mortgage, consolidated
500&C
100
Eighth Avenue—Stock
..
1st mortgage
1,000
42d St. & Grand St. Ferry—St’k
1st mortgage
Central Cross Town—Stock
100
1,000
100
1st mortgage
1,000
Houst.West St.& Pav. F’y—St’k
1st mortgage
Second Avenue—Stock
!
3d mortgage
Consol, convertible
Extension
1,000
1.000
•".00&C
100
Sixth Avenue—Stock
1st mortgage
1.000
Third Avenue—Stock
100
1st mortgage.:
1,000
Twenty-third Street—Stock.
1st mortgage/.
100
500
loo
..
too
1 .000
900,000 J. & J.
094,000 J. & J.
2,100,000 Q-J.
1,500,000 -J.&D.
2,000,000
Q-F.
300,000 M.&N.
200,000 Q-J.
400,000 A. A O.
300,000 J. A J
500,000 J. A J.
1,800,000 Q-J1,200,000 J. & l).
650,000 F.& A
250,009 J. & J.
1,200,000 Q-F.
153
I/O
Ogdensh. &
90
do
70
Old Colony
Portland Saco <&
110
Pull man
141
120
J. & I).
’■5
oJ. & J.
M.&N.
900,000
1,000,000
203,000
748,000
230,000 A.&O.
000,000
200,00:) .M.&N.
250,000
1
«
t
f
*
Ask.
120
62 k
no
93
.
170
220
160
J1 9
500,000 .J. & J.
1,199,500 J. & J
.
150,000 A.oCO.
1,050,000 \i. & N.
200,000 M & S.
750,000 M.&N.
500,000 I. & J.
2,000,000 O—F.
V ,000,000 J
& .!.
009,000 IF. & A.
250/M>0 M.& V
.
a: di7i den t on stocto,'but
Dec. 1902 118
92
1^98
1 100
’81
220
Nov.,
June, '93 114
Jan., ’82 2(0
.Jan., ’8i 1(8)
NOV., ’81 200
Apr., ’93 110
05
NOV.1901 105
00
J uly. ’94 ! 05
135
‘82
-Ian.,
Apr , ’85 1' 3
Pet., •SO 1(8
2k Aug., ’81
7
4
7
1
r»
l
’20
i127
J125
112k
42
107
95
70
72
104
73
195*
no
75
30
115
142k
100
120
40
58
71
97k
no
27k
01V
59H
02
57
02
62k
no210
115
iw"
14.)
i io
z i
j
|115
155
112
the date of maturity bond?.
01)4
34^!
pref.
20
.....
do
pref...
RAILROAD BONDS.
do
do
7s. E. ext.,1910
Inc. 7s, eud., ’94.
13
'
52
'
in default.
1
*
do
129
Pur share
U
y0.
210
"m
51
17
45
Central Ohio common....
PlttsDurg * Connellsvtile..5C
BA1LBOAD BONDS.
Balt. A Ohio 6a, 1885,A.&C. -. 105k
N. W. Va. 3d m.,guar.,’85,J&J
1/5
Plttsb^fc Connellev.7e,’98,J&.)
110
Northern Central 6s, ’85,
129
do
6s, 19(X). A.AO.
Maryland
H
68.gld.l900, J.4J. 116
Ist.m./90.M.& S
6s,
W. Md. 68,1st
Cen. Ohio
123 k
Belvldere Dela. 1st m.,6s,lr*02. 1 i5
do
2d in. 6s. ’8">.. I00
do
2dm. 68. *87.. 10H
Camden <cAm cv ts.vuup,’*. 103
105
do
t-Sj e i
do
mort. 6s.‘si
i!3k
Cam. * Atl. 1st m. 7s. g„ 1^92
do
2d m. cur. 7s, 1 ~7**..
do
< ona., 6 p. c
'
Cam. & Burlington Co. 6s,Vi.i
Catawlesa 1st,7s. ennv.. V2,..1
*
Parkersb’g Br. .50,
Western
40
121
125
KAILBOAB STOCKS. Par.
!0)
Balt. & Ohio
1°° 126
Iat pref
Oo
180
do
2d pref
do
Wash. Branch.100
Northern Central
165
Schuylkill Navigation
3-10e, 1896...
i
do
37
112
125
00,1900, Q-J.
6s, 1902, J. * J
5s, 1916, new
Norfolk water,8s
0456’
WestJersey* Atlantic
Allegheny Vai..7
i ia
do
do
01)4
184
West, Jersey
Lehigh Navigation
Pennsylvania...,
lllk
do
oo
...
Pennsylvania
t
I 10
’uo l 10
’81 205
Nov
•J uly, VO m
j Aug ,’S1 150
1 Miiv. ’93 105
com....
CANAL STOCKS.
119
115
llok
do
6s, 1890, quarterlydo
5s, quarterly
105
Baltimore 6s. IS84, quarterly.
108k
do
68,1866, J.& J
114
110
do
6s, 1890, quarterly...
113k
do
6s, park, 1890, Q.—M.
do
6s, 1893.M.& B.....
do
6b,exempt,’9S,M.*»
14
ido’k
United N. J. Companies
West Chester consol, pref—
no
!!! :ii)7
Pennsylvania 6s, coup., 1910..
Schuylk. Nav.lst m.68.rg.,*97.
do
2d m. 6s, reg., 1907
BALTIMORE.
1C3
Maryland 6s, defense, J.& Jdo
6s, exempt, 1887
Phila.WUmlng. A Baltimore,
at. Paul A Duluth It. R. Com
135
tf
29
pref
do
0'.^'
do mort. gold,’97....
do cons. m.7s, rg.,191! 116
Morrl9, boat loan, reg., 1885..
L00
—
•••••
do
87)4;!!!!
90
6s, 1885
Lehigh Naviga. m..6a, reg.,’81 R0k
mort. RR., rg .’97
21H
do
122
59
Philadelphia A Erie
Pniladelphla & Reading
Philadelphia & TrentOD
210
no
175
121
Pitts.Cln.&St. L. 7s, cou., 19C4121
do
do
7s,reg.,19'T
IPch.* D;inv.con*.int.0s,l9'5'
.
Shamokin V.A Pottsv.7s, 1901 •
Steubenv. & Ind. 1st, 6s, 1884.
Stony Creek 1st in. 7s 1907—
Suub. Haz. A W.,lst m.,5»,’28. 25
2d m. 6s. .933..
do
Sunbury & Erie 1st in. 7s, ’97..
14
52
do
pref..
Mt. Joy & Lancaster.
Huntingdon & Broad Top...
do
do pref.
Lehigh Valley. ..
Little Schuylkill
do
C3
deb. 7p. cp^'.ot!
do
do mort., ?a, 1892-3
Phil a. Wllm. <fc Bull. 6s. ’84....
do
1st m. 78, ’99......
do
cons. 6s, 1909
W. Jersey & Ati. l:t m 5a, cp.
Western Penn. KR. 6s,cp.’a3.
do
Cs P. B./96.
25
Williamsport.......
Pennsylvania
70
West Jersey 6s, deb,,coup.
do
1st m. 6a, cp.,’96.
21
do
Har. P.
do
North
33
>crip, 1882 —......
uo conv. 7s, R. C., 1893’
do
7s, coup, off,’9:
Phil.&R.Coal* lr'n deb.7sfJ<*
dies. & Del.. 1st m.,
Atlantic.....
do
pref
Norfo.k A Western,
(55
do
prof.
do
pref........ •
do
new pref
Delaware & Bound Brook....
East Pennsylvania—
Elmira A
c-o
98
CANAL BONDS,
Pitt*. A Western...
ao
do
,
94
113
Philadelphia, os reg.. -.....; •do 6e,n.,rg., prior to 9.
do 4a, various./
Cutawlsaa—
----
iToxae & Pac. let m.,6s, g.,1%5;
liio Gvande D v..1
do
do
cons, in,,6s,g., 1905!
lnc.& 1. gr.,7a 1915
do
! Union & TItu8V. 1st m. 7s, ’90.
i United N. J. cons. m. 6s,’94..
Warren & F. 1st m.7s, ’9fi
West, Chester cons. 7a, ’91
59
20
P'cf
101
imu.)H..6',g„ 0.1«s7
geu. m. 6), g.. C.lfOi
J.q. m.,7e,coup.,'895.
d b. ooun., IMiS*....
do
c up. off, 1693
|t'yra.Gen.& CornV.lat.Ts,1905
122
Centra’.......
Camden A
270
5
4
Portsmouth
do
*81 200
not.
•i uly
7
'39
«TATS AND CITY BONDS.
Penna. 5a, g’d, int.,reg. or cp.
do
5s, reg., 1*82-1332. .... 117
do
5s, new, r eg., 1394- *9o.
do
68,10-15, reg., 1*77-82. 102
68,15-25, reg., 1882-92.
do
4s, reg., 1894-11)04
do
Buffalo
Sept. .’8:1 135
5
7
7
07
10 r
N nshua
90
105
73
Get.. ’81 139
1888
! 102k 105
7
06k
BA1LHOAD stocks.?
Allegheny Valley-
2
7
-
01
PHILADELPHIA.
Jan., ’32 100
2k Jan., ’82 120
2
Jan., ’82 130
68,cp.,19<;3
.
Palace Car
preferred..
Hevere Beach A Lyau
Ve montifc Massachusetts..
7
3
7
4
7
3
7
0
7
02k
....
Rutland,
....
“4
61%
L. Champlain ...
pref.. x!23
Norristown
Nov., ’801102
7fl.
m.,6s,rg.,1928 117k 118
do
do
do
’
00)4
...
Norwich & Worcester..
3k
7
so
82
Nahsuate Lowell
New York & New England...
Northern of N. Hampshire...
)
26
113
138
June ’84 104
*81
194
Nov.,
7
....
#
98k 94
125 k 120
& Sioux City
Rock & Fort Smith ...
Manchester A Lawrence,...
Mar. Hough. A O-.t
Mar. Hough. & Got., pref...
Minehlll
w
con.
do
Nesquehonlng Valley.
H Jan.,
J’ly,190ui
2k- Jan.. V2
7
...r
pre-f
•
Iowa Falls
no
Bid.
do
do
39%
Lltue
17 Wall Street. 1
73
88
ti’i
20 k
i
common.
do
[Quotations by H. L. Gbant, Broker, 145 Broadway.]
Broadway (Brooklyn)—Stock
Marq
Gulf, prel..
Wort Scott A
Wiicon-lu
5
Var.
Var.
315,000 A. & ().
1,850.000 F.A A.
750,000 J. & J
4,000.000 J. & J.
2,500,000 \t.& S.
1,000,000 F.fe A
5,000.000 Quar.
1,000 1,000.000 F.A A.
25 1,000,000
Var
bonds
do
New York
Period
I
luuk* 1U0
(Mass.).. —........
(New liampshAV).,..
do
Xl
Par.
80
..
m.
cons. in.
o
....
Fitchburg
Flint & Pcre
City Hallroail Stock* and flond*.
Ga*) Companies.
gold. ’90.
5s, 1335
Ithaca* Athens 1st g (l, 7s.,’S0
96
J nnctlon 13t mort. 6s, ’82
do
3d mort. 6s, 1900
Lehigh Valley, lst,6s,cp., 1896 120 121
do reg., 1898... 120)$ 121
do
do 2d m. 7s, reg., 1910.. 133
i
....
155
85
125
123
ICO
8
H. & B. T. 1st
....
....
125
05
14 L
1(3
.
1909
*
210
HO
110
K)
70
.
...
7s
Fitchburg RR., 6s
Little Schuylkill, 1st m. 73/82
7s
do
N. O. Pac., Lt m„ 6s, If®) ..
ill
Fort Scott & Gulf 78
North. Penn. 1st m.6s, cp.,’85.1107)$ ....
69
Hartford it Erie 7s
do
2d m. 7s, cp., ’96.
K. Cltv Lawrence & So. 4s...
do gen. m.7s, cp.,1903.
Kan. City. St. Jo.&C. B. "is. .
do
m. 7s. reg., 190*J 122
gen.
iiik i 13
Little R’k & Ft. Smith, 78,lfct
105
do newloance.reg .
s#k fs7.k
Mexican Central, 7e
No:f*k*We't.,gea.m.,6a.l 81
106% 107
New York & New Kng: 6*....
117)4 ’-17k Ull Creek 1st ui. 7s,coup.,’8i.l.JO
do
...
Pittsb. Tltasv.A B., 7s, cp.,’96 ioe*4!
111
New Mexico & So. Pac. ?s... 95
do
Scrip
98k
Ugdensburg & Luke Ch.6-'...
Pa.&N.Y.C.& RR.78,1896
do
Inc.
’24
do
1906
Old Colony,7s
Pennsylv.,gcn.m. 6g,cp..l910
Old Colony, Ha
127
do
117
gen. m. 6s, rg., 1910.
iis
Pueblo & Ark. Valley, '.a.
do
cons.in. 6s, rg., 1905.
Rutland 6a,1st mort.
do
cons. m. 6s, cp., 1905.
Vermont A Mass. RK.. 6a.
do
do
5)...
ICS
A
Canada,
Vermont
new 8s.
Penn. Co., 6s, reg
3rocKk..
100*
do
do
4)49....
94 k 94 k
< o
co p, 16 i0
AtchRon A Topeka
do
I0O)4
Boston & Albany .,
Pcrkinrnen 1st m.6s,coup.,'’8.
106
107
98
94
Boston & Lowell....
Phll.Wilm &Ba t .4s,Tr.certs
149
128
Boston & Maine..
Ptilla. A Erie 2d vn. 7s, cp.,’8S 117
102
do
Boston it Providence
cons. mort. 6s, ’.920
Cheshire, preferred
\'o
do5s/920'i^ 106
Fnlla. Newt’s & N.Y.. Ist.m. •• •
Chi ’, & W. Michigan
27)4 27% 1
Phil.* K. 1stm.6s,ex.due 19 (M-”Cin. Sandusky A Glev
do
d >
li’Hn *. ;.v..
Concord
..
•
do
2d in.. 7s, ep.-Kl.4 .
Connecticut River
92k 93
do
cons.
it
Passumpelc
.
.
Conn,
in..?s,cp., 19-1!J^
<
co
onnetton Valley
cou'j.m.«-,g.lRClS)!l
35k
120
05
155
490
5 i
l 8
C,0
00
118
60
133
95
45
115
75
120
120
.
IHsL.
Mass., 4>J8, new.
iiasiern,
125
100
25
50
25
100
100
25
50
50
50
50
50
37 k '115
150
35
10 )
100
65
100
05
100
190
50
L< 5
25
210
25
120
100
19)
20
1 15
50
153
50
f'b
50
To
100
145
25
L2,»
50
S5
100
GO
100
125
25
>00
25
135
25
1L5
10
210
50
Quincy 4c..
new
o
119
1
d >
6s
Hoston & Providence 7-»
117
Burl. & Mo., land grant 7s..-,
Nebr. 63
do
Lx 114);
do
Nebr. 6s
do
Nebr.4s.... ...
Chicago Burl. &
(
.
<t#f
34
Lowell 7s
Boston &
Bid. Aik.
8EOUKITIES.
Catawlisa, chat. m.. 10e, ’88
Connecting 6», 1900-1904
Chartlers
iat m.7s.C.,i90:
i Delaware Val.,
mort.. 6s, various
Dei. A Bound Br.,lst, 73.1905{l24
34k East Penn. 1st inort. 7a, *88
EI.& W’msport, 1st m^ls/sO. 110
'!!'
do
5e,perp
05
Eattin A Amboy, 5*
Harrisburg 1st uiorh 6s, ’63...
i...
6s
j
i
income..
_
7s
Albany 7s
Worcester *
[Gas Quotations oy vteorge H. Prentiss, Broker,
do
Hiriem
o
liostou &
do
205
2 '0
160
!3 i
158
70
105
250
240
!j?s
National
New York Equitable
New York Fire
New York
Boston.
New York city
Niagara
North River
Pacific
Park.
....
1(H)
100
100
40
50
100
100
(B klyn)
160
113
123
20
40
50
100
Loriilard
165
100
100
100
100
100
100
70
80
25
50
100
25
20
Republic
Lamar
Lenox
Lone Island
....
....
....
..
Jefferson...
Kings County (Bkn.)
Knickerbocker
Lafayette (Br’klyn).
ns
....
.
Phenix
Produce*
Importers’ A Tr’d’rs
Irving
•
-
•
•
.
Hanover
Hoffman
Home
140
...
...
100
10
100
100
50
50
25
100
15
50
50
100
50
50
100
30
Hamilton
....
50
...
•
•
155
R-5
145
09
100
241)
22)
90
ICO
120
90
108
115
185
lo5
17
Firemen’s
Firemen’s Trust
Franklin A Kmp....
German-A merican..
Germania
Globe
Greenwich
•
....
•
Imp. and Traders'...
Irvin?
Island City*
Leather Manut’trs’.
Nassau*
New York
New York County...
N. Y. Nat’l Exch’ge.
Ninth
North America*
North River*
Oriental*
Pacific*
Park
•
•
19)
100
30
f>0
Exchange
Farnigut.
•
.
•
•
•
....
«...
Murray llill*
Eagle
Empire City
....
....
•
•
•
.
100
Metropolis*
Metropolitan
Commercial
Continental
....
100
Merchants’
Merchants’ Exch’ge
Columbia
«
...
133
Mercantile
Brooklyn
.
..
100
100
100
UK)
25
25
100
100
100
100
30
50
75
100
100
25
Clty..i
Bowery
....
25
Citizens’
,
150
103
200
18)
50
100
25
25
17
20
70
100
30
50
100
40
American
American Exchange
.
.
.
Chase
Chatham
Chemical
Tradesmen’s
Bid.
Ask.
Boston & Maine
America*
Am. Exchange
Bowery
Broadway
Butchers’ & Drov’rs’
Central
Mount Morris*
BOSTON.
Topeka 1st m.7s
laud grant??
land luc. Is..
Atlantic Si Pacifi \ fie.
itch. &
do
do
Par.
COMPANIES.
i
Bui.
Ask.
Bid.
SKOtTBlTlKS.
Broker,
Price.
Price.
Marked thus (*) are
not National.
People’s*
List.
No. 7 Pine Street.]
Companies.
Philadelphia and Baltimore.
Quotations m Boston,
Securities.
[Quotations by E. S. Baii.ey,
t«
Bank Htock List.
[vol. xxxin.
do
do
do
do
1st
117k
119k
m.,gr.,’90,J.&J
m., 1890, J.& J-..
2d m.,guar., J. & J — ’ —
111)
2d m.,pref
•••■!
2d m.,gr.by W.Co.J&J’....
do 6s. 3d m.. guar., J.& J.
127k
125
Mur. A Cin. 7s, ’92, F. A A
100k Kflk
do
2d, M.&N
do
S«, 8d, J. A J...... 0 lk
,
RR. 1st, guar., J. A J;.
(.! n»on endorsed.
C4>n soil dated Gas
• • • •
Union
Do
bonds
iso
37
103k
37k
105
December
New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
week ending at the commencement of business on Dec. 24.
Railroad Earnings—The latest railroad earnings and the
totals from January 1 to latest date are given below. The
statement includes the gross earnings of all railroads from
The columns under the head¬
furnish the gross earnings from
and including, the period mentioned in the
which returns can be obtained.
ing “ January 1 to latest date”
to,
second columu:
,—Latest
January 1
Week
Ala.Gt. Southern. November. $78,2 12
Atoh.Too. & 8. Fe.November. ] ..277,000
26,389
Bost.fe N.Y.Air-L.Ootober...
53,251
Bur.C.Kan.itNo..3d wk Dec.
9,070
Cairo fe St. Louis.2d wk Dee.
61,122
Carolina Central. October...
2,184,270
9,019
404,302
74,589
475,654
240,302
239.292
.
Chic. fe
East. III..2d wk Dec.
Ohic.&G.Trk.Wk.end.Dec. 24
Chic. Mil. fe St. P.3d wk Dec.
Ciiic. fe Northw..3d wk Dec.
Chi.St.P.Min<fe0..3d wk Dec.
Chic.& W. Mich.-Septemb’r.
Gin. Ind.St. L.& C.2d wk Dec.
Cincinnati South.3 wks Deo.
Cin. & Snringt. -.2d wk Oot.
429,800
91,042
90,177
40,089
153,519
24.833
404,052
44,112
108,335
20,277
97.531
8,718
3d wk Dec.
.
0
...
....
Broadway
734,343
3,709,282
409,988
759,043
Mercantile
Pacific
Republic
3,371,329
303,730
20,790
25,330
1,120,869
1,075,713
People’s
North America,.
Hanover
5,025,099
4,950,933
3t. Nicholas
Shoo fe Leather..
Corn Exchange..
........
75,727
42,545
2,181,410
2,430,004
Oriental
18,487
380.588
535,820
102,409
33.320
7, d 1 5
478,099
000.905
176,214
14,>,887
89,310
2.805,359
0.000,180
importers’ & Tr..
39.024
03.289
33,054
70.73 4
,65,839
21,337
33,912
90.895
23,705
Continental
3,039,443
0.147.09 )
Park
Mech. Bkv. Ass’u
North River
East River
Fourth National.
1,024,872
1,080,093
43,127
Marine
.......
405,010
391,299
2,090,770
1,880,133
....
Central Nat
'
...
1,152,163
1,342,413
25,320
355,411
43,40 l
222,000 10,993,814
35,403
.......
340,090
9,199,201
05,758
Marq. II. fe Onl’n.November.
44,723 1,175,403 1,097,102
37,115
Memo, fe Chart...2d wk Dec.
200,814
232,403
5.583
5,132
Menip. Pad. fe No.2d wk Dec.
397,251
9,594
580,230
14,920
Mil.L. Sh.feWest.3d wk Dec.
717,784
63.990 1,073,494
82,210
Minn.fe St. Louis.3 wka Nov.
157,037 7.778,291) 5,943 781
tMo. Kails.fe Tex.3d wk Dec. 171.970
100,925 6,552,37 L 5,290,251
Missouri Pacific .3(1 wk Dec. 149,703
251,307 2.127,193 1.980/249
Mobile fe Ohio
November. 252,434
182.087 1,902,129 1,873,427
152,059
Naabv. Cii.feSt.L.Novembor.
N.Y. L. Eriefe W.Seplemb’r. 1,734,200 1,780,418 13,291,560 14,065,332
44,370
N.Y. & N. Engl’d.2(l wk Dec.
52,057
508.824 4,493,323 4,3 41,285
N. Y. Pa. fe Ohio..October... 455,277
209,047 2,047,981 1,882,449
Norfolk fe West.. .November. 216,439
459,054 4,967.074 4.536,076
Northern Central. November. 4S7.160
55,249 3,771.547 2,519.215
Northern Paeitic .2d wk Dec.
72,700
Ohio Central
81,631
October...
Ohio Southern
3d wkDec.
7,025
..
....
Qreg’uR. Nav.Co.November.
Pad. & Elizabetht.lst wk
Dec
458.300
11,726
Pennsylvania
November.3,840.215
Peoria Dec. fe Ev.‘2d wk Dec.
13,655
Philadel. fe Erie.. October... 292,392
Phila. &
8,585
3,180,434
374,136
37,712,240
3,574,913 40,392,427
656,084
427,376
8,072
367,082 2,887,459
3,120,848
1,345.123
1,376,411
Heading.November.2,015.539
St.L.Alt.feT.H, ..3d wkDec.
3.988.535
505,931
.
wk Dee.
wkDec.
wk Doe.
wk Dec.
wk Dec.
dysN’v.
wk Dec.
20,233
19,614
17,570
161,540
67,386
121,859
Ninth National..
First National..
Third National..
N. Y. Nat. Kxch..
Bowery National
N. York County.,
Exchange.—Quotations for foreign exohange are as follows,
the outside prices being the posted rates of leading bankers :
Prime bankers’ sterling
Prime commercial
bills oil London.
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremon(reiohmarks)
Demand.
Sixty Days.
.
®4 85
'd) 4 83k»
4 83
4 82^0)4 83
5 214S5 19^8
397a® 40^8
4 34
95^
9478®
U. S. Sub-Treasury.—The following table shows
and payments at the Sub-Treasury in this
as
balances in the same, for each day of the past week:
city,
the receipts
well as the
,r
Payments.
Dec.
“
“
“
“
“
24.
26.
27.
28.
29.
30.
$
$
$
1,033,299 78
Currency.
Coin.
83,807,252 11
1,235.256 48
Holiday
1,355,827 60
1,114,810 87
$
4,37-1,407 37
7
1,313.931 11
1,018,921 84
83,700,012 08
84,287,730 30
1,096,034 03
701,C 81 25
799,830 48 !
977.0J9 70
15,768,208 61
5,483,335 19
84,035.102 43
j 84,352,810 30
4,379,750 19
4,350,137 54
4,301,075 50
4,310,739 24
j
Coins.—The following are quotations in gold for various
$4 82 v*>$4 86
Silver J4S and ^s. — 99d>
3 32 ® 3 86
Five francs
— 92
7i>
Sovereigns..:
Napoleons
X X Reieiunarks.
X Guilders
4 73
3 96
Span’ll Doubloons.15 55
Mex. Doubloons.. 15
1
Fine silver oars
Fine gold bars....
Dimes fe hi dimes. —
..
50
4
@ 3
'art5
7i> 15
'at
76
97
70
60
12hj4> 1 123a
par d> q prom.
99 *-j ro par
Mexican dollars..
Do imoommercT.
—
—
500,000
87:2 £
86 S>
English silver
4 70 d>
Pnis. silv. thalers. — 671s3)
U. S. trade dollars — 99^8^
U. 3. silver dollar 5 — 9978<iJ
corns:
p ir.
95
—
33*2
87
—
—
4 80
69 34
—
—
99*8
213,200
4Li 800
413,300
101,000
300,(40(4
tH41.0(4ii
24.TOO
397.000
3,923.000
1,000,000
1,000,000
300,000
400,00<
1,500,001
6.931.300
2.ilO'0.000
3.119.000
18.0)9.600
18.053.3' M)
972.400
2,000,000
000,000
5.435."<00
4,113,100
101,900
27.700
143.9(40
992.400
240,000
250,000
8,200,000
2,000,000
300,000
750,001
500, OOu
1,000,000
300,000
250,000
200,001’
l.o r>6,3(X»
17.540.SjC
8,252.000
3,361.000
6,107.3 )0
i 3,331.000
5,72O.tlO0
8,956.000
1402,000
880,800
5,466 3 XI
257,000
387, S00
6.649.000
4,105.700,
528,:00
0.111,701
3,022,000
7,115,40<
207,00®
1.387.200
794,000
following
1881.
<8
Oct
15
“
22
29
5
Nov
12
“
41.000
130,000
76,300
133,400
224,400
303,900
113.7(H)
60,000
154,000
139,300
104,200
55.500
171.000
442.000
434.200
100,500
Dec.
.
1,236,800
3,063,800
2.200.900
731.70®
1.419.400
1,146,000
240,808
1.023,600
3.303.900
10,171.000
9.286.100
798,500
2.462.100
2'-'9,300
3.399.900
t,121.000
211,000
88,500
217,000
938,000
3.352.900
45,00®
1.697.200
2.672,700
7.575.300
2.829.70'j
10.114,000
790.40®
258.300
373,000
251.80(4
109,100
120,10b
82.100
603.000
121,0(40
Hi 7.7(H)
420,100
239.000
133.400
313.100
84.0OO
130.20.'.
157.70(>
348,200
5,40®
430,500
2.250,00®
2.266.100
268.100
2.492.300
2.317.200
450,000
3,90®
41640®
1.921. IOC
2.976.000
2.733.900
6.414.900
2.040.100
3,893.000
20,709 500
21.0 )4 5<>C
450,000
4,000
763,200
45.00®
1,108 30*
45,000
694.700
958,300
283.560
810,000
1.265.00®
270.000
594,100
435.800
960/500
344.300
170.3'4()
411.4 DC*
14.941.000
5.981.400
157.3(0
201.OOu
27.7-10
200,OO(
1.225.6 )(>
975.30®
890.00®
3,697,000
5.797.500
270.000
1,131.100
174.000
2.60®
473,500
88.50®
45.00®
2.484.600
1,283.00(>
3,077,100
788.400
889,400
6.197.400
1.141.100
1.473.100
200.80®
235.000
450,700
1.833.100 j
180,000
80,9 )(>
7^,0 )(;
2. Of16,600
107,700
108.000
.
1 854 4 0
1,556 200
1.310.200
75,0.40
216,1(01;
1.556.9 )0
4.513.400
1.311,900
5 5.4(>C
4,991,800
136,90
oi.so®
4 952.700
233 00<i
328,6)0
Inc.
Inc.
Inc.
are
of previous week are as
4IS*.700 / Net deposits
450.000
2,167.900 I Circulation
278,300 t
Specie.
*
*
L. Tenders.
t
14.856,^00
15.17 4,500
15,203.700
.15,652,400
15,211,803
si...315.321,700 55,310,800 15,601,700
314.768,9iX) 54.858.000 15,740,400
...312,978,400 55,222,200 15,7.48,500
...313,464,100 57,330,100 10,01 ;,300
Deposits.
$
218,897.900
200,018,300
830,643.300
288,034.800
293.0-i2.500
290,677.300
L. Tenders.
*
Loans.
S
Specie.
149.738.100
8,105,300
140.699.200
8,030.400
4.477.290
7.783,800
4,669.590
S
150,957,400
Including the item
uue to
4.436.000
290.437,500
19.867.100 1154,O5?,40®
19.890.100 975.722.717
19.019.000 933.850.125
19.948.000 8.81.134.24*
20.038,400 1021,383.15®
20,0 43.100 796.604.25®
19.932.400 892,319.707
20.0“0.200 892,475,5®*
20,138,200 982.859,20®
20.236.400 952.335,50®
20,127.800 798.602,237
20,125,800 1088.589.09®
follows:
Dec. 12.
19.
“
26.
74,064.739
74.254.505
74.418.383
Deposits* Circulation. Agg. Clear
9>.8W.900
95.211.300
94,703.820
32.031.000
71,557/8®®
32.180.000
32,322,390
73,060.62®
74.238,30ft
totals of the Philadelphia banks
L. Tenders.
*
Loans.
*
of the Boston
other banks.
Philadelphia Banks.—The
are as
2.090
Circulation. Ajj. (Hear
*
I
.
“
12,580,00®
the totals for a series of weeks past:
Loans.
.
1881.
Dec. 12..
19..
27..
follows :
Inc/
Doe.
...
286,245.100
284.927,600
287.448,400
Boston Banks.—The following are the totals
banks for a series of weeks past:
*
1,10®
33,100
...326.123,900 56,531,400
...318,343,900 54,^07.200
..3:1,3:0,500 58,359.400
.309,254,500 61,068,100
313.350,900 6<>.913.500
.313.123.800 60.763.900.
to
17
24
“
300,sob
11.688.600
411,600
205.100
11.853.000
Id’. .315,1^2,300 59.943,700 15.27J.030 291.(»88.50J
26’ ...314,758,800 57.03 >,100 15.59i.600 2',6.568.400
*•
5.450 8 )0
562."00
1.7.7.200
1.352.000
The deviations from returns
Loans and discounts
Bpecie
Le^al tenders
“
495,son
1,331,700
4,43 (.000
200,000
£09,000
*
t
293,000
16.955 200
7.653.000
8,427.000
1.480.600
2,3«*<,300
750,000
300,000
100,000
20 >,000
Circula¬
tion.
other
than U. 8.
4.2ii9.300
550,000
l,4'O.Oou
1.702.300
17.923,223
17.498.520
10,706.348
Deposits.
Circulation.
Agj. Clear*.
64.519.726
64,7^6.823
11.146.270
11.136.720
11.117.528
5O.86S.0W
51.128.9*3
64,039.669
£9.499,7®®
Unlisted Stocks and Bonds.—The following are the re¬
ported quotations for securities that are not “listed” at tha
R;,7. Asked.
Asked.
Stock Exchange:
Bid.
31
Am. Cable Constr. Co. ‘29
145
Am. Railway Imp. Co. 85
Atlantic & Gt. West
Do
pref
2 hi
B03t. H. & E.. new 8t’k
'2%
old stock ...
1
Continental Constr.Co. 63
Central Railway ConDo
Balances.
Receipts.
500,000
330.400
Net dept's
Legal
Tenders.
57,304.104 16,015.30.
“
•4 80 @4 81
4 79
®179is
4 78^®4 79
5 *2014 3>5 24%
39 hi#
39%
94
d
91d4
2.907.200
13.565.000
2.157.900
2.681.100
2,950,800
2.249.900
8.015,000
3,000.000
Total
1881.
December 30.
470 2(H)
202.900
727,900
7,825,000
Germania
U. S. Nat
The
41.000
700,000
1,000,000
(ierm’n Americ’n
Chase National..
Fifth Avenue,...
German Kxch. ..
“
707,113
721,124
19,837
148,344 7,102,280 6,053,678
54.951 3,077,239 2,639.285
St.P.Minn.feMan.3d
78,422 4,707,007 3,084,817
425.094
309/247
Scioto Valley
5,010
3d
9,347
South Carolina. ..29
116,965 114,831
82,365
66,595 3,789,391 2,618,884
Texas & Paeitic.. 3d
Tol. Delp. fe Burl.3d wk Dec.
11,847
17,458
Union Pacific ....17dysDec. 1,314,536 1,043/780 26,499,363 22,622,496
Wab.St,L.fePac.3d wkDec. 323,500
259,600 14.192,349 12,137,703
t Including leased lines.
* Including Ohio Division.
Do
(brciis).3d
St.L. Iron Mt.fe 8.3d
St.L. fe San Fran.3d
•.
Second'Nation’!.
321,900
197,003
2.70S. 100
500,000
131.424
42.530
521,70b
57)',000
450,000
200,000
600,000
1,548,501
3,:09.200
809,800
071,700
320.500
01(8,700
019,400
130,900
210,00(4
0;4O,0OU
554,100
2.450,1400
1,000,000
1,802.301
■4WM00
5.230.200
6.165.600
2.134,000
5.673.100
3.150.700
1.172.200
Citizens’
Nassau
Market
1,607.100
39kS,KO0
2,427.000
2,202,200
500,000
....
1,300,400
799,100
12.993.000
15,651.200
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
Irving
Metropolitan
Sll.OOU
794,100
1,079,(00
934,100
600,000
300,000 12,144,100
4.895.400
1,000,000
4.189.700
1,000,000
1.541.200
300,000
1.974,000
200,000
913,700
200,000
eoo.oooi 3.167.200
1,0 )3.000
300,000
3,600,000
800,000
Chatham
0.034,020
385,183
324.305
.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Kxch..
Commerce
2.302,155
2,195.215
8.371
52.464
255,780
Louisa. fe-Mo. K..6epti*mb’r.
Louisv. fe Nanliv.3d wk Dec.
~
90,323
8,918
220,779
34,908
1 02,206
107,293
128.119
Ind. Dec. ife Sb...November,
lnt. (fe Gt. North..3d'wk Dec.
Iowa Central
November.
Lake Eriefe .Vest.3d wk Dec.
-
3,725,120
403,645
8,205
49,451
38,305
Do
(Iowa). November.
1 Indiana Bl. ife W.3d wk Dec.
•
421,418
29,327
211,02:)
Illinois Ceil. (Hi.).November.
•
81,780
10,593
20,231
Houst.E.feW.Tex.November.
Foust. fe Texas C.October ...
•
"
8,912
53,45 L
153,330
Col.&Hock.Yr.,fec.3d wkDec.
Deuver & Rio Gr 3d wk Dec.
DesM.&Ft.Dodge.2d wk Dec.
Det. Lans. fe No..3d wk Deo.
DabuQueifeS.City.3U wk Deo.
EastTenn.V. fe G.3 wka Dec.
Flint & Fere Mar.3d wk Dec.
Gal.Har. fe San A.October ...
Gr’t Western. Wk. endDec. 10
Gr’n Bay ife Minn.lat wkOct.
Golf Col. fe S Fe.November.
HannibakfeSt. Jo.3d wk Dec.
Long Island
•
455.000
Clev. Col. Cin. fe I .October...
Clev- Mt.V. fe Del.2d wk Deo.
Meroh’nts’ Kxch
Gallatin Natiou’l
Butchers’feDrov
Mechanics’ fe Tr
29,847
29,050
352,090 10,432,000 12.699,711
309,300 21,217,394 13,991,007
09,372 3,857,100 3,018,039
34,830
33,946
1,000,000
Tradesmen’s....
Pulton
Chemical
2,215,505
7,002,873
,031,001 1,934.702 17,454,832 17,004,010
4.632.400
6.482.900
3,277.000
7.417.700
2.574.000
1.670.400
1,000,000
1,000,000
City
18.602,887
2,199,406 21,844,094
Central Pacific...November ’.207,000
2,203,522
Ches. & Ohio
October... 237,303 211,820
150,825 7.422,203
Chicago & Alton :3d wk Dec. 100,427
t
1,038.000
7.134.000
8,000,000
America
Phoenix.
Specie.
9.646,000
2,000.000
1,200,000
Union..
1,995,353
395,473
403,043
Loans and
discounts.
2,000.000
2,050,000
2,000.000
New York
Manhattan Co...
Merchants
Mechanics’......
$533,050
$700,603
$61,150
887,153
22,999
49,832
th®
the
Average amount of
Capital.
Banka.
-Jan. 1 to latest date.1880.
1881.
carmnys reported—*
Mo.
1881.
1880.
or
741
THE CHRONLCLE.
31, 1881.]
struet’n Co.(D. L.W.) 22
30
Cin, fe Georgia subs...
Deuv.fe R. G.,W. subs. 7d
Do
unl’d consols. 100*4
Denv. & N. Orleans...
Edison Eleetrio L. Co.800
Gr. B. Win. &St. P.st’k 11
Grand Rapids fe Ind
Hud. Hiv. Contract Co
Intern at. Imp. Co. exbond & stock div
Do
Lehigh fe Wilkeabarre
par.
V-
27
33
8)
IOI
100
850
13
CaVoliua
86Lj
Iron Steamboat stock. 40
Do
1st inert. bds 9L
fndianap. C fe L. old
Ind. Dec.fe Sp. com... 20
2d m. 5 p.c.,n
Inf. Ocean Tol. Co
Kan. fe Neb. 1st mort
Ik
73
Mid.RR.of N.J.asa.stk.
Do
A bonds....
Do
B bonds....
Mexican Nat. subs., ex
Do
bonds, ex...
Markiar.d Elec. L.& P.
North River Const. Co.
N. Y. Ch. & St. L; aulvs.
Oregon Imp. Co. 1st ex
Do
stock
Or.'g. 3hort Lino subs.
Ohio C..subs., $S00pd.
Pitts, fe West
Rooh’r fe Pitts’gCoal.
Rieh.fe Dan.Ter. rights
104
34
*39
52
95
Bid. Asked*
2»
■
ii
16
11
to
55
9
29
•
-
•
•
10^4
32*2
85
75
98
$140
20
....
15
105ii
....
....
U. 3. Electric
.
_,
.
$16®
21
„
.
„
_
20
M*’. 122** 130*
S.
RR. 2d
4L5
Selina Romefel). 1st M.
4
2d
Do
M.stamp
2 4*
2d M., clean
Do
1
incomes....
Do
stock
Do
St. Jo. fe West, stock.
St. Jo. fe Pacific 1st M 00
2d mort
Do
Texas,St.lk)uis RR.sub 82
97
Texas fe Col. Imp
....
2i"
.
12
35
8»
80
99hx
Light Co. 140
4^
31®
l1*
1*
18
93
35
85
99%
155
742
THE CHRONICLE.
The balance sheet, in
Junes tmeuts
detail, is
as
follows
Cost of road and qcuipment—
companies previous to organization of N. V. Central & Hudson
1879-30.
Expended by
STATE, CITf AND CORPORATION FINANCES.
-
Certificates
issued
consolidation in
1869, and representing cost to N. Y.
Central A Hudson River Co
Other tines owned—
Hudson River bridges
Dunkirk Allegheny Val. & Pittsburg RR..
Geneva A Lyons RR
Real estate in New York and Troy
Advances on Harlem construction
Company’s own stock held
Stock in other roads—
complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroad's 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 without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.
a
$110,000,21#
31,157,904
*1,157,904
1.675,542
2,920,621
1,739,372
2,920,621
831,889
1,173,500
277,513
184,200
331,889
1,173.500
69,069
184,200
„
Buffalo Cross-town
Merchants' Dispatch
REPORTS.
United Pipe Lines
construction account
were as
Grading for
New
bridges
new
1
Buffalo
Seven locomotives
United Slates
Harlem equipment
Sundry
32,351
78,8-0
Earnings—
1878-9.
1879-80.
740
1880-81.
740
749
27S
260
244
749
244
1,018
1,000
993
993
Passenger
5,953,102
18,270,250
888,462
$
$
$
1,023,037
447,779
6,611,159
22,199,965
989,739
20,736,749
1,009.836
501,169
518,111
617,908
26,405,017
25,747,558
30,318,974
29,322,531
expenses—
Mamten’eof way, Ac.
2,872,805
Maint’ce of equipm’t.
2,937,530
Rfc nsp’tion exp’nses.
8,46 i,751
Wm* service
1,673,-2#
Miscellaneous
190,171
2,845,740
2,763,717
8,548,191
1,763,156
202,269
3,134,466
16,123.073
9,624,485
17,849,893
Freight
Car service
Mail and telegraph..
Total
earnings
6,958,038
Operating
Total
(incl. taxes).. 16,135,977
Net earnings*
10,269,040
*
5,319,440
5,556,682
Balance, surplus
13,216,847
14,752,664
$149,437,621
$153,210,680
Total
12,469,081
Rentals and interest.
Use of road
Other receipts
Total income
Disbursements—
Rentals paid
Interest on debt
Taxes
earn’gs and
capital stock
Dividends (8 per ct.)
$
10,269.04#
$
9.624,485
1,628,431
1,592.333
227,427
12,469,081
1.711,718
237,748
829,265
907,499
12,273,510
7,139,528
7,139,528
11,875.660
898,917
11,818.553
454,957
$
1.929,264
2,749,761
on
Tot. dishursem’t*
Balauee, surplus
3,555
237,113
$5,319,440
$5,556,682
2.153
41,573
Profits
on
on
follows.
$13,216,84#
bonds sold
754,484
778,151
33,000
..
sales of securities
$14,782,48#
Less internal revenue tax
ended Sept. 30, 1869
on
undivided profits for year
29,81#
:
.
Leaving
$14,752,665
-
Connecticut River Railroad.
year
ending Sept. 30,1881.)
The annual report just out says : “ Our gross earnings for
the year ending September 30th amount to the sum of
$812,006, and are in excess of the gross earnings of last year
There has been
large increase in our operating
of wages, the cost of material,
our passenger and freight trains,
have made in our road-bed and
tracks, and to the purchase of s'-eel rails.” To this account have
also been charged the sum of $49,986 for the purchase of three
new locomotives, and other permanent expenses.
All of the
main line is now laid with steel rails, and the track and road¬
a
expenses, due to the increase
the addition to the number of
the improvements which we
bed are in excellent condition.
The income account for 1880-81
was
briefly
as
follows
:
Gross receipts
Total expenses
$812,0##
590,110
Net earnings for the year
Interest received
$221,895
14,155
$236,051
Total income for the year
are
charged
:
'
Interest
$19,027
paid
15,335
168,000
Dividends
202,362
19,464,786
9,857,745
$33,688
Surplus for the year
Balance at commencement of the year
$645,15#
$678,839
September 30, 1881
COMPARATIVE STATEMENT OF PASSENGER AND FREIGHT BUSINESS.
1878-79.
12,774,577
$
1,939,556
2,796,576
2,590
472,346
Balanco previous year
Balance
1877-78.
229,-21
647,365
1880-81.
$3,737,625
1,534,661
Surplus for 1881
Premiums
give*
are
$2,b90,681
2,424,357
'
2,153
27,311
Rentals
INCOME ACCOUNT.
Receipts—
($5,319,440)
The above income balance in 1880-81 is made up as
Against which
3,611,825
8,351,074
1,658,208
94,300
•
Dividends unpaid
Bonds past due.
Real estate bonds assumed in purchasing land
See Income Account below for total income.
Net earnings
;
Due other railroads
Interest due and unpaid
$85,946.
freight.
$
6,022,956
19,015,820
1880 81
$89,428,3##
43,473,033
41,473,033
(For the
EQHIPMBNT.
OPERATIONS AND FISCAL RESWLT8.
-
1879-80
$89,4:8,300
1879-80.
Operations—
1877-8.
1878-9.
1879-89.
1980-81
Passengers earned...
8.927,565
8,130,543
8.270,857
«,900,249
Passenger mileage. ..300.202,140 290,953,253 330,802,223 373,76s,980
Rate i>er pass, p.'mil©
2 005 ets.
2 05 ets.
1 -99 ets.
1 61 cts.
Freight (tous) moved. 7,695,413
9,015,753 10,533,038 11,591,379
Fr'ght (tons) mile’go*20 *2755132 2295827387 2525139145 2646814098
Av. rate p. t’n p. miie
# 79 cts.
0 91 ets.
0 87 eta.
#'78 cts.
Exclusive of company’s
$153,210,68#
1
'
Funded debt
Unfunded debt
following tables:
operated...
$149,437,621
986,037
323,913
6H8.049
404,394
Pay-rolls and operating expenses unpaid
“gross
earnings,’’ for instance, in the report, includes receipts from
rentals and interest and other sources; but in the tables below
the gross earnings proper are so stated, and the
receipts from
other sources are given in the income account. Tne
totals,
however, are necessarily the same, showing the results of the
year’s operations.
The statistics of traffic, earnings, income, &c., are shown in
Total
16,741
1,624,358
248,913
864,77#
316,07#
558,634
404,394
33,191
The items of the above unfunded debt
as follows :
17,629
It will be observed that the arrangement of statistics below
is in the usual form of the Chronicle, whigh differs somewhat
in details from the form of the official report. The item
1877-8.
1,322,565
accounts
Total liabilities
870,309
$5,083,163
Miles owned
Miles l’ed A contr’d.
376,01#
LIABILITIES.
3,070 freight cars
1,743,970
Land purchased at New York, Rochester, Charlotte, East
t
Buffalo, Buffalo, Ac
1,024,179
Floating equipment purchased for lighterage in Nevr York
Harbor....'.
240,960
*
open
28,000
1,747.418
Total assets
790,287
59,500
ROAD AND
730,575
22,749
100,000
380,010
127,500
.
i
Connecting railroad balances
$193,076
2-',520
Superstructure for extension of third and fourth tracks from
Rochester to Buffalo, iuc'uding ties and rails
Superstructui e for new sidings
Grading and engineerin'; for Rochester improvements
Passenger and freight stations, warehouses, piers and yard
improvements at Thirty-third Street, 8ixty-flfth Street,
New York; East Albany, West Albany, East Buffalo and
the
.1
ing
third and
sidings
730,575
100,000
28,100
Capital stock
of
15,000
12,684
21.850
Jame6town A Franklin RR. bonds
Fuel and supplies on hand
Cash on hand
Station balances
follows:
For grading and engineering for extension
fourth tracks from Rochester to Buffalo
15,000
New York Central A Niagara River.......
Stock and bonds Syracuse Geneva A Corn¬
{For the year ending September 30, 1881.)
The annual report has been made to the State Engineer for
the fiscal year ending September 30, and a brief summary has
been published in the newspapers; but the pamphlet report is
not yet printed.
Through the courtesy of the company’s
officers the figures in detail have been taken from the report
for publication in the Chronicle in comparison with the
statistics of former years. The company spent upwards of
$5 ,000,000 in the year on new construction, &c., including a
hundred miles of new track, and the expenses oharged to
-
12,684
Pittsburg A Lake Erie
New York Central & Hudson River Railroad.
1880-81.
on
-Troy Union
ANNUAL
:
ASSETS.
AND
The Investors’ Supplement contains
[Vol. xxxm.
1879-80.
$
1880-81.
$.
9.857,745
1,552,129
266,610
1,207,095
15,326.026
$
1,922,279
12,883,609
2,822,879
2,849,591
11,610
7,141,512
7,13^,343
11,898,312
3,427,714
Passengers
carried
Year ending—
Sept. 30, 1879
Sept. 30, 1880
Sept. 30, 1881
°
12,129,125
754,484
mile.
one
mile.
Receipts
for
Receipts
for
Passengers.
Freight.
$274,616
$313,221
10,522,966
8.933,116
11,665,337
11,551,793
302,271
13,103,698
14,775,320
331,044
386,669
439,567
COMPARATIVE ANNUAL INCOME FOR THREE YEARS.
$
926,513
214,678
sue
Tons freight
carried
Rents, Interest
and other
Receipts.
Income.
Items. Dividends.
$622,310 $212,071
$12 220
726,060
219,426
16,967
168,000
31.362
168,090
826.161
236,051
and expenses of Aslmclot Railroad, from April 21,
Gtoss
Year ending—
September 30, 1879
September 30, 1880
September 30. 188 L
Including earnings
1878.
Xci.
December
31, 1881. J
THE
743
CHRONICLE.
investment news.
Brooklyn City Finances.—The report of President Truslow,
the Brooklyn Board of Assessors, which has jsust been fur¬
bished the Mayor of that city, shows that the valuations of the
taxable real and personal property for 1880 and 1881 aggregate
general
the former of the latter’s railroad between Lexington and
Louisville. By this arrangement, the Chesapeake &
Southwestern Railroad practically have a continuous line of
railroad from Newport News to Memphis.
Ohio &
Central.—Iu an interview with
directors of the Chicagoreporter of the Cincinnati
as follows.
Increase in
Enquirer learned the following facts: The company has iust
1881.
1881.
1880.
completed its first twenty miles of track, beginning at Dallas,
$16,508,628
$240,128,905
Beal estate
$223,620,277
3,920,246 Texas, and running southward toward Cleburne, where connec¬
15,137,010
11,215,794
Personal property.,
tion is made with the Gulf Colorado & Santa Fe Road, thus giv
$255,265,945
Totals
$234,836,071
$20,429,874 ing an outlet to Galveston. Fifty-two miles of grading have
been completed between Dallas and Cleburne, and the iron is
The Board decided to tax parsonages for the past year, as in
their opinion the law exempting certain property from taxation being laid at the rate of from one to one and a half miles per
did not apply to the residences of ministers. The amount thus day. At this rate Cleburne will be reached by January 1st.
Work is now progressing on the grade northeast of Dallas,
added was $426,770. The total increase on real estate is
! and it is expected that the Red River will be reached by the
$16,508,628. Deducting $4,861,600 for new buildings, $452,200 I time the St. Louis & San Francisco is completed to this point.
for increase by buildings on the Heaney estate, and $426,770
increase by
parsonages, there remains $10,768,058.
The The latter road is working down from Fort Smith, and will
increase of $10,768,058, President Truslow says, is the result probably reach the river, a distance of 165 miles, in about sixty
of a general revision of valuations which the Hoard has made. days. The Chicago Texas & Mexican Central makes its north¬
ern connection with the St. Louis&.can Francisco, and connects
The total assessment on personal property during the past
with the Mexican system of railioals at Eagle Pass, five hun¬
year was $15,137,040. Last year it amounted to $11,215,794, dred and
thirty miles southwest of Red River. The new road
the increase being $3,921,246. The total tax levy for 1881 was
being built at the standard gauge of four feet eight and one
$6,106,573. President Truslow comments on the fact that there | is
half inches, single track.
is no representative of New York or Kings County in the
Construction Companies.—In the memoranda concerning
present State Board of Equalization, “so that the two cities,
containing only about one-third of the population of the State, these companies, published in the Chronicle of December 24,
have to continue to pay about 56 per cent of the whole State
pages 715-716, a few corrections have been brought to notice,
as follows : N ?w York Chicago & St. Louis—Each $13,333 sub¬
tax."—New York Herald.
—Mayor Howell, in a communication to the Common Coun¬ scription on which $10,000 cash lias been paid carries $10,000
cil, submitted the following comparative statement of cost of of income bonds as well as $10,000 first mortgage bonds and
400 shares of stock.
Pensacola & Atlantic—The subscriptions
/maintaining the government in Brooklyn and in other cities.
Tax Rate Tax per by Louisville & Nashville stockholders took only $1,000 of
Popular
lion.
on $1,000. Capita. bonds and four shares of stock for $950 cash, instead of $1,500
Cities. '
Tax levy.
Brooklyn
5*6,000
$23 77
$7 80 in bonds, as stated. Central Construction Company (Delaware
$6 106,573
1,206,577
21 02 Lackawanna & Western)—The amount of stock was increased
New York
28,937,273
22 18
362,839
9,907,470
Boston
15 20
23 67
Philadelphia
846,980
10,181,800
19 50
12 02 after the first circular was issued.
“The reduction in expenditure under the estimates of the
Hannibal & St. Joseph.—There is a controversy between
Board of Estimate from 1878 to 1881, inclusive, have averaged this company and the Missouri State authorities. The State
nearly 25 per cent on the annual expenditures for the three declines to pay interest on the $3,000,000 bonds issued to the
years immediately preceding my administration, while in the road, although having accepted $3,000,000 cash in payment of
matter of local taxation the burdens have been materially said bonds.' Gov. Crittenden says that if the January interest
lessened. It is a gratifying fact that while our population has is not paid by the company he will proceed to sell the road.
—The President of the Hannibal & St. Joseph Railroad says
increased in the past four years over seventy thousand, the tax
levies have fallen from $7,274,100 in 1877 to $6,106,573 in 1881." that the Hannibal & St. Joseph Railroad Company will not pay
interest on Missouri State Aid bonds, and that the road will not
Canada Southern.—The following remarks upon the com¬
be sold for that interest. The company paid into the State
pany’s statement for 1881 accompany the figures: “ The Treasury, June last, the full amount of State loan for which
increase of 11*2 percent in operating expenses was caused by a
those bonds were issued., The State received the money and
somewhat unusual expenditure for renewals and maintenance
assumed payment of interest and principal of bonds. The
of the road and equipment, an increase iu the.freight move¬
State paia interest on bonds at Bank of Commerce last July,
ment of 10 per cent over that for the year 1880, and the greater
and will continue to pay it or dishonor its obligations.
•ost of materials and labor referred to in the statement of
Indiana Illinois & Iowa.—A suit has been begun in the
June 30 last. In addition to other items of maintenance and
United States Circuit Court in Chicago to set aside the fore¬
repairs, the following have been charged to operating expenses
closure under which the Plymouth Kankakee & Pacific Road
during the year:
169,681 ties
equals 64-27 miles laid, l equals $112,757 56 was sold in 1877 and passed"into the possession of this company.
1,460 tons stt*el rails
equals 15-53 miles laid, S
The Chicago Tribune of December 20 says
“ The stock¬
ears of various classes built
61
$57,342
|
equals
55
holders of the Indiana Illinois & Iowa Railroad held a meeting
184 cars of various classes rebuilt
The loss in revenue arises chiefly from the decrease in rates yesterday at the office of the company, No. 110 Dearborn
Street. It was decided to consolidate the interests in the three
obtained on through freight business, in which the average
States, securing a general eharter to supercede the individual
reduction was 20 2 per cent. If the average rate of 1880 had interests. Previous to 1873, 65 miles in Indiana and 40 miles
been obtained on the tonnage of 1881, more than $500,000 in Illinois had been graded, and it is expected to have laid 65
would have been added to the net reveuue for this year. The miles of steel rails between Momence and Str^ator. The read
passenger traffic shows an increase of 30 per cent in the number will cross the Illinois River at Henry, 130 miles from Chicago,
•f persons carried, but the low rates received from through and will run east, striking the Pan-hand’e at North Judson,
passengers caused a falling off of 4 per cent in the gross earn-' Ind., 130 miles from Henry, and continuing, strike the Pitts¬
Had the rates of that year been
mgs, as compared with 1880.
Fort Wayne 30 miles further east.
The road is
maintained through 1881, they would have added more than burg & as a cut-off from Chicago
intended
on through freight, trans¬
$100,000 to the revenue from this source. It will be observed ferring from the Illinois Central, the Burlington, the Alton and
that the increase in the rate of interest on bonds from 3 per
the Rock Island to the eastern trunk lines without coming
cent to 5 per cent has been fully met, notwithstanding the
within 100 miles of Chicago, a movement which seems to be a
exceptional decrease in earnings shown above."
direct blow at Chicago interests.^The directors will hold a
Central Pacific of Wyoming.—The Cheyenne Ledger of meeting shortly to complete the consolidation and elect per¬
Chicago Texas & Mexican
Mr. John T. McAuley, one of the
Texas & Mexican Central Railroad, a
'
on
,.
new
December 23 published a copy
the Central Pacific Railroad of
of the papers of organization of
Wyoming, filed with the Secre¬
F
The capital stock is $13,500,000 in 135,000 shares. The office is
tary of Wyoming Territory by Charles Crocker, Charles
Crocker and W. V. Huntington, incorporators and trustees.
at Evanston,
Wyoming. The road will begin om .a point
boundary line between the Territories
the north and south
of
of
Wyoming and Utah, where the Bear River crosses the boundary
line ; running thence through the counties of Uintah, Sweet¬
water, Carbon, Albany and Laramie, in Wyoming, to a point on
the eastern boundary line of Wyoming, where the Niobrara
River crosses the same. The length will be 450 miles. The
capital stock represents the actual contemplated cost of con¬
struction and of the right of way. Each trustee takes 33,750
shares.
Chesapeake & Ohio.—The Louisville & Nashville Railroad
•ompany has leased to the Chesapeake & Ohio & South¬
western Railroad Company the 46 miles of its railroad known
as the Cecilian
Branch, running from Louisville south to
Cecilia Junction, where it connects with the Paducah & Eliza¬
bethtown Division of the Chesapeake & Ohio & Southwestern
Company, completing the latter’s line between Memphis and
Louisville. The Chesapeake & Ohio & Southweitern Rail¬
road Company and the Louisville & Nashville Railroad Com¬
pany have also entered into a traffic agreement for the use by
officers."
Lehigli & Wilkesbarre Coal Co.—At Pittsburg. Penn.,
December 27, in the United States Circuit Court, Judge McKenna
manent
granted the petition of Samuel Dickson, of Philadelphia, asking
that the injunction against the Lehigh & Wilkesbarre Coal Go.
be dissolved, and that the business be taken out of the hands
of the Receivers.
ef
introduced iu the
the investment of the in¬
United States 4 per
cent bonds is a happy elucidation of the. debt question as it
stands. It is known to all the world that the creditors have not
accepted the terms offered by the State, and that the fund for
this account is piling up in the hands of the fiscal agent.
There are now $900,000 or more to the credit of the bond¬
holders. The question of conserving this fund is whittled
down to the old common saying about carrying all our eggs im
basket. It is more than probable that this account will
reach $1,500,000 in the next twelve months, and, we might say,
will stand as a shame upon the State.
It is, beyond doubt, the
duty of the Legislature to guard that fund and preserve it
inviolate. If the honor and faith of the State is not to be
trampled in the mire, there is certainly an obligation to see
Louisiana State
Finances.—^The New Orleans Picayune
December 18 said: “The bill which has been
House by Mr. Munday to authorize
terest fund of the State of Louisiana in
one
THE CHRONICLE.
744
[Voi. XXXIII.
its labors before next Wednesday, and until that time it will be
that the money which has been collected and deposited shall be j
used solely to support the credit of the iSt&te, to advance the impossible to determine the exact value of the bonds deposited
true interests of all our people.
The proposition to invest this by the several holders, or what amount of new bonds shall be
fund in 4 per cent United States registered bonds is, therefore, i exchanged therefor. All the bonds—4,000 in number—have
been engraved and delivered, and a large part of them have
a good one.
The income will be fully $30,000 a year,
received the signatures of the Governor and Secretary of State.
interest of the State will be fully protected.”
j
and the
Lowell & Framingham.—The Framingham & Lowell RailToad stockholders held another adjourned meeting at South
adjustment act authorized the Governor to settle the old
The
bonds by exchanging therefor new 5 per cent bonds, to draw
interest about the time when the old bonds become due, or two
Framingham Dec. 24. On motion of John Fletcher, Jr., of years from Jan. 1 next, the interest of the old bonds to be cal¬
Acton, the meeting dissolved, and by this action no more meet- j culated to that date. But it also provided that if the Governor
ings of the Framingham & Lowell Railroad corporation will could negotiate the adjustment bonds at a less rate of interest
occur, but the lirst annual meeting of the newly-organized than 5 per cent, he might issue new bonds to draw interest
Lowell & Framingham corporation will be held early in Febru¬ from Jan. 1, 1S82, and either exchange them for the old bonds
ary.
About $230,000 of the coupon notes of the old corpora¬ with interest calculated to that date, or sell them in the market
tion have been received and exchanged thus far.
and pay the old bonds in cash. . The Governor, immediately
Manhattan Railway.—The permission of the State Engineer after the act was passed,.made strenuous efforts to place the
new bonds at 4 per cent, but soon found that this was impossi¬
having been f;iven for the proposed increase of the capital ble. The
existing condition of the money market was not fav¬
fitcck of the Manhattan Railway Company to $20,000,000, the
orable to a profitable negotiation of the amount of State bonds.
issuing of the new stock is in progress. The increase is for the The holder of
nearly half of the old bonds, Selali Chamberlain,
purpose of absorbing the stocks of the New York and Metro¬
who at first refused to accept the new bends at a less rate of
politan companies, which together amount to the former stock interest than 5
per cent, as the act provided, finally consented
of the Manhattan Company, $13,000,000.
Under the terms of
the agreement recently entered into, lirst preferred stock to accept a 4Yz per cent bond, and it was finally resolved to
entitled to 0 per cent cumulative dividends will be issued for issue new bonds at this rate of interest.
In order to fix the value of the new securities and commit
New York stock, and preferred stock, not cumulative, for Met
the State fully to their redemption by the investment, it was
ropolitan stock. A dividend of 1/2 per cent will be paid on the decided to invest some of the trust funds of the State in the
first preferred stock on Jan. 1.
adjustment bonds, and the Governor was authorized by the
—in the suit of Noah Content the decision in favor of the
board to use his discretion in the matter. He has determined
company was affirmed on appeal to the General Term.
The that
about $300,000 of the internal improvement funds, about
Court said, in its opinion:
“
$200,000
of the permanent university funds and about $500,000
on
face
of
The statements indorsed
the
the certificates
issued by the Metropolitan Company were in no sense contracts, of the permanent school fund shall be invested in the new
but at most a notice of a condition of things respecting the bonds. In pursuance of this understanding, some of the Mis¬
souri Os and United States 4 per cents in these fnnds have been
property of the company and of the source from which they sent East to be sold at market
price, the proceeds to be rein¬
expected dividends to be derived. Their demands, whatever vested in the new State 4/6
The State
per cent bonds at par.
they might be, were wholly against that company. In this will realize a
on these and other bonds to be sold
large
premium
respect the article in the lease relied upon in support of the
relator’s application materially diifers from the contracts which and a profit of from $30,000 to $100,000 will inure to the seve¬
ral funds from the transaction.
No difficulty is likely to bo
were made the foundation of the actions in the cases to which
reference has been made. Another distinction renders the encountered in placing the bonds. About $1,000,000 of the
will be absorbed iu the several trust funds above
principle which they have established entirely inapplicable to $4,000,000
and the remainder will go to the bondholders.”
mentioned
the present controversy”. The consequence is that as the con¬
“
tract was one existing wholly and sole!}” between the corpora¬
tions who were ihe parties to it, they could modify and change
it as circumstances indicated that to be necessary or proper.
The same power existed over it that corporations have over
other contracts and demands, by whose terms they may be
entitled to be benefited.
When circumstances arise indicat¬
inability on the part of the other contract¬
ing party to fulfill the terms of the agreement, a compro¬
mise or adjustment on a basis dispensing with full and
complete performance is within the power of the corporation
intended to be benefitted by the obligation. And that power
may always be exercised where no restraint appears to have
been imposed upon it by the board of directors having the
authority to manage the affairs of the corporation. No such
restraint was made to appear iu the present instance, and it
ing
an
The stockholders of the New
its branch lines
New York & Long Branch.—
-
York & Long Branch Railway Company and
have voted to consolidate all of them with the
under the
name
of the “New York & Long
main company
Branch” Railroad,
with a capital of $2,000,000.
At the coming election
of directors it. is said the ticket will be as follows:
of a board
Francis S.
Lathrop, Henry S. Little, Anthony Reckless, John Kean, Ben¬
jamin Williamson, Frederick A. Potts, George G. Haven, John
S. Barnes, George F. Baker, Lewis B. Brown, Richard J. Dob¬
bins, Edward M. Hopkins, 2d, and George Griswold. It is said
the officers will be: President, Henry S. Little;'Vice-President,
George G. Haven; Secretary and Treasurer, Anthony Reckless.
North Carolina Debt.—A correspondent of the New York
Herald writing from Raleigh, December 23, refers to the fact
that the act of March 4, 1879, expires January 1. 1882, so far as
was shown as a matter of fact that the directors of the two
corporations had so far made use of this authority as to concerns the privilege of exchanging the old bonds for new.
change the original terms of the lease given for the property He says :
The act of March 4, 1S79, * to compromise, commute and
of the Metropolitan Railway Company as to make this reduc¬
tion in the amount required to be paid for the use of the prop¬ settle the State debt,’ divided the debt, or that portion acknowl¬
erty by the Manhattan Railway Company.”
*
*
*
edged as debt, into three classes. The acknowledged debt
“The management of the affairs of these corporations amounted to $12,827,045, the total proposed payment to $3,644,Class 1 consisted of the bonds issued before the war
may be assumed to have been vested in the directors, for that 511.
is the usual foim of corporate charters existing under the (except for the North Carolina Railroad), and on them the State
Jaws of this State. No other object is to be attained by the offered payment of forty per cent of the principal.
“
choice of a board of directors, and when such a board is in
existence the power to manage the concerns of the corporation
is deemed to be vested exclusively in it, and the corporations
have no right to interfere with it. (McCullough vs. Moss, 5
Denio, 5G7, 575
;
power so vested
of the members.
Hoyt
vs.
Thompson, 19 N. Y., 207.)
in the board
may
And the
be exercised by a, majority
(2 R. S., 6th ed., 391, Sec. 6.)
No
reason
for supposing that the directors of the companies were
actuated by any improper motives in making this compromise
©r adjustment of their affairs.”
appears
Michigan Central.—The official figures of this company’s
were published in the Chronicle last week; the
f allowing comments were also made by the Treasurer: “ There
was a gain of about $250,000 in passenger business, but
in
freight, although the tonnage was 4/2 per cent greater than
last year, the earnings therefrom were about $550,000 less,
©wing to reduced rates, affecting both gross earnings and net
business iu 1881
to that
extent.
This loss
was
reduced to $150,000, as shown
above, by the earnings of the Detroit & Bay City line (145
miles), which has been operated by this company since April 1
last. The net earnings of that line have more than met the
interest on the bonds issued on its account. Operating expenses
include the cost of 10,250 tons of steel rails (an increase of
5,550 tons over last year), eight new locomotives and four new
lion bridges.
The increase in percentage of expenses is mainly
©wing to the reduced rates on freight, and partly to increased
cost of labor and the principal items of supplies.”
Minnesota State Ronds.—The Times
published the follow¬
ing dispatch from St. Paul. Minn., Dec. 24:
It is now believed that the new State bonds of Minne.sota
will be issued in accordance with the adjustment, and will be
“
ready about Jan. 1.
The Claims Commission will not conclude
These bonds were—
$50,500
Fayetteville <& Western Plank Road
25,000
Gaston & Weldon RR
45,000
10,000
Fayetteville & Centro Plank Road
Fayetteville & Warsaw Plank Road
15,000
Tar River
Insane Asylum
Atlantic & North Carolina RR
Albermarle & Chesapeake Canal
Western RR
Western North Caroliua RR
70,000
1,351,500
.•
324,000.
.
386,000
1,136,000
:
1,012,000
1,009,100
143,000
Wilmington Charlotte & Rutherford RR
Certain purposes”
Cape Fear & Deep River Navigation Co
“
Total
On which it is proposed to pay $2,230,960.
On the bonds in class 2 the State offered twenty-five
$5,577,400
percent. They
'
were:
Western North Carolina RR
...
$1,907,000
837,000
Wilmington Charlotte & Rutherford RR
134,000
Western RR..
383,04a
Literary Board certificates
Total
On which it was proposed to pay $815,2(31 25.
Bonds iu class 3, on which fifteen per cent was
:
offered, were these :—
Funding State debt
Funding State interest
on
$2,331,000
1,057,000
$3,938,600
Total.:..
—
..$3,261,045
which it was proposed to pay $598,200. State Treasurer
informs me
that more than two-thirds of the
Worth
acknowledged debt has been settled already.
Of old bonds,
$2,073,245
taken up.
class 1, $3,971,400 have* been taken up ; of class 2,
have been taken up ; of class 3, $2,091,400 have been
To take up the old bonds $2,242,250 in new 30 years
coupon
interest, payable
July and January 7, have teen issued m
bonds, dated July 1, 1880, bearing 4 per cent
at Treasurer’s office
THE
December 31, 1881.
CHRONICLE.
the foil >wing denominations:—Of $1,000, $1,825,000 ; of $500,
$283,500 ; of $100, $118,800 ; of $50, $14,950—total, $2,242,250.
The new bonds are exempt from all State, county or corpora¬
tion taxation, and the coupons are to be received for all State
taxes. To the payment of interest on them are to be applied
all State taxes collected from professions, trades, incomes,
merchants, dealers in cigars, and three-fourths of all taxes
collected from wholesale and retail dealers in spirituous, vinous
and malt liquors. If these taxes are in excess of intefest to be
paid, the surplus to be invested in the purchase of the new
bonds. If n >t sufficient, the Treasurer is authorized to use any
funds he may have not otherwise appropriated. If still short,
forty-year live hundred dollar bonds may be issued to the
amount
of $300,000. —
Pennsylvania Railroad.—The
and net earnings in
gross
November, and for the lirst eleven months of the year, are
peeially co moiled for the Ciildniolb in the table below. In
November, 1881, there was an increase of $265,302 in gross earn¬
ings and an increase of $60,268 in net earnings. For the eleven
months there was an increase in 1881 of $2,680,138 in gross, and
$702,409 in net, earnings.
ALL LINES EAST OF riTTSBURO
/
January ...
February..
..
..
March
..
April
..
May
..
June
AlliTUHt
..
....
Septoralw.
October
November..
..
..
.
..
Earnings.
$3,189,215
3.095,614
3,844.304
v
3,760,372
3,850,897
Net Earnings.
,
1880.
1881.
18 SO.
$3,083,551
2.944,576
$1,200,861
1,159,10 4
1,799,226
1,655,810
$1,360,298
3,488,366
3,417,910
3,221,470
3,449,044
1,232,18*2
1,511,248
1,495,582
1,470,852
1,688,010
1,488,543
1,490,971
1,444,504
1,403,177
1,355,032
2,400,344
3,723,355
3,0 47,543
3,882,714
3,574,913
3,672,971
3,840,215
AND ERIE.
,
3,278,186
3,807,437
3,780,419
3,809,978
3,735,006
..
July
Gross
18SI.
1,012,247
1,302,505
1,55 4,480
1,47 4,910
1,088,394
1,39 4,070
Total...
$37,712,240
$16,211,182
As to the lines west of Pittsburg and Erie,
$15,509,774
the monthly
reports issued in 1880 and for the current year show the results
below. The company’s report, however, states a loss since
January 1 this year, against the same period in 1880, of $31,441.
ALL LINES WEST OF
PITTSBURG ft; ERIE.
745
£Itc GT awwercml limes.
COMMERCIAL
EPITOME^
Friday Night, December 30,1881.
Holiday week usually witnesses a partial suspension of busi¬
through the closing of the Exchanges and other influences,
but the interruptions to trade this season are less than usualThe special feature: of the week has been an. increase in
the export movement of domestic products, long held in check
by the prevalence of speculative values. A prolonged rain¬
storm, causing local floods, has retarded home trade.
The
weather has been unseasonably mild, and inland
navigation
suffers no interruption from ice as yet.
The markets for provisions this week have been without
important feature or decided changes. Prices, however, have
shown an upward tendencythough fluctuating.
Trade in
pork, bacon and cut meats has been light. For mess
pork, January and February deliveries, $17 40 bid and $18
asked. Lard has been less active, yet trade foots up a
very
fair aggregate, and the speculation in futures has been
large,
prime Western selling to-day at ll‘40@ll*42^c. for February,
11*52/£@11*57}£c. for March, 1160c. for April and ll*70c. for
May. Butter is dull. Cheese is firmer, though the shipments
of the week are only 18,000 boxes. Beef dull. Tallow has
been in demand at 7/4@7%c. The following is a comparative
summary of aggregate exports, from Nov. 1 to Dec. 24:
ness,
Pork
Bacon
Lard
Total
1881.
1980.
9,942,800
80.<>9*2,151
42,861,005
10,870,800
120,161,402
62,415,835
9*28,000
46,072.251
lbs. 132,896,856
199,481,037
66,583,181
lbs.
lbs.
lbs.
Decrease.
19,583,930
Rio coffee lias been very quiet most of
shown no change in price, the market being
the week, and has
the most part
for
January
$381,530
$305,301
Inc.. $70,235
nominal; mild grades have been very quiet and somewhat
February
143,497
Inc..
20,787
110,710
March
441,901
557.171
Dec.. 115,270
depressed; an auction sale of Praenger Java went off at very
April
490,704
312,209
Die
184,495
May
218,482
11,201
Inc.. 207,281 low prices.
Rice has sold fairly at steady prices. New Orleans
June...
def. 50,400
8,181
Dec..
04,881
molasses
has
been in pretty good demand at the advance of last
July
Doe.. 122,294
178,533
300,^27
August
355,771
207,290
Inc..
8S.475
week; foreign has remained very quiet. Foreign dried fruits
September.
215,337
200,982
:
"Inc..
38,355
October
337,789
419,000
Dec..
have been dull and more or less depressed; foreign green fruits,
8i,S17
November-.
81,908
377,034
Dec.. 292,720
however, have sold very well at steady prices. Raw sugar has
Net total......
$2,328,121
$2,333,131
Dec.. $55,300 most of the time been quiet, though last Saturday quite a large
business was done, and prices throughout the .week have
Philadolphia & Reading Railroad Company.—The follow¬ remained
steady for Muscovado at 7%@7>ic. for fair to good
ing is the statement of business for the month of November
refining,
centrifugal has sold at 8%c. for 96-degrees
though
and for the year ending November 30:
Net
Surplus
over
all Liabilities.
1881.
Inc.
1880.
or
Dec. in
1881.
..
....
,
Gross
-1881.
Net Profit
1830.-
Profit for
Receipts
for
Nov.
Nov.
Tirelve
Months.
$
$
RailroadCo.-$
Railroad traffic.. 1,789,903
Cuual traffic
151,829
8team colliers...
01,242
Richmond
coal
Profit
for
Profit fior
Ticclve
Nov.
Months.
$
$
806,720 7,945.392
880.727
8,411,990
.93,445
37,789
439,408
119,550
455,820
287,770
30,033
223,589
.392
2,710
1,742
2.444
Total RR. Oo... 2,015.589 1,017,205
Coal & Iron Co.... 1,482,790
229,182
9,141,945
1,199,415
9,007
barges
Tot. both oompan’e 3,493,379
904,647 8,027,252
172,328
546,283
1,245,447 10,341,390 1,136,975 9,173,536
1881.
Tons of coal carried
1880.
railroad
Tons of merchandise carried on railroad
8,072,142
8,072,14*2
6,815,234
10,561,853
Passengers carried on railroad
Tons of eoal transported by steam collier’s...
555,253
Tons of coal mined by Coal & Iron Co
3,937,607
Tons of ooal mined by tenants
1,484,992
on
Total mined from lands owned and controlled
by Coal &
7,179.393
5,885,080
9,822,422
545,600
3,460,464
1,235,64*2
Iron Co. and from leasehold
^
estates
5,422,600 *
4,696,106
Note.-Coal 2,2-40 pounds per ton; merchandise 2,000 pounds pertou.
The following table shows briefly the inoome for the year
ending November 30,1881, as compared with the previour year:
1881.
1880.
Total profit railroad company as above....$9,141,945
Total profit Ooal & Iron Co as above
1,199,445
$8,627,252
540,288
Total profit of both companies
$10,341,390
From this must be deducted for the
$9,173,536
Railroad company—
Debit balance renewal fund
State tax on capital stock
'
Profit and loss, debts and assets
All rentals and full interest on all out¬
standing obligations, including floating
debt*....
For the Coal & Iron Company—
Profit and loss, debts and assets
Full interest on all outstanding obliga¬
tions other than those held by the Rail¬
road Company*
!
Surplus of both companies
Surpus Railroad Company
Surplus Coal & Iron Company
*
$218,999
70,502
$125,529
48,969
79,499
8,S31,G32
8,709,85 4
-
58,400
1,153.777
1,189,491
$10,153.13 4
$10,383,522
11,209,980
183,256
This embraces full interest whether paid or not by the
t Loss.
$142,583
40.007
$183,256
Receivers,
Note.—A claim made bj~ the State of Pennsylvania for about $76,000
for State tox on loans forTsSl is now being contested by the Receivers
and is not included above.
test. The close is active and firm.
Refined has been in fair
demand, and latterly steady at 8%c. for standard soft white
“A,” 9Me. for granulated, 954c. for crushed and cut loaf and
9>i@954e. for powdered.
The market for Kentucky tobacco has been rather more ac¬
tive, owing to an improved demand from shippers. The sales
for the week are 760 hhds., of which 710 for export. Lugs are
quoted at 6@7}£c. and leaf at 8@14c. Seed leaf has been com¬
paratively quiet, and sales for the week are 850 cases, as fol¬
lows, all from the crop of 1880: 250 cases New England, wrap¬
pers, 15@38c.; 200 cases, Pennsylvania, assorted, 32@18c, and
wrappers, 18@40c.; 200 cases Ohio, 6M(ft/14e.; 100 cases Wis
consin, 4@15c.; 100 cases State, 7@18c. Some thousands of
bales of Havana tobacco have been destroyed by fire and 6,000
bales damaged ; but prices are no higher and trade is quiet.
'
Strained rosin, owing to scarcity and some
speculation
has advanced to $2 35@$2 40^. Spirits turpentine, after de¬
clining to 54/4c.,has latterly re-acted, on a good demand, to
55/£c. Hides have been dull and nearly nominal. Leather
has been in moderate demand and steady. Hops have been
moderately active at unchanged but not particularly firm
prices. Clover seed has been quiet at 8/4@9c. Refined petro¬
leum has been dull at a decline to 7c ; certificates have met
with a fair demand, and close at 83@8334c.
American pig iron has been quiet but firm.
American steel
rails are obtainable at $58 for next year’s delivery, but as foreign,
are offered at something less, and as moreover American manu¬
facturers are determined to keep the English makers out of
this market, this quotation must be regarded as wholly nominal.
Pig tin has been quiet and weak, but closes more steady; plates
are still depressed, however.
Ingot copper has been dull at
20Mc. cash for Lake Superior. Spelter has sold at $5 8C@$6 for
domestic, which has been in good demand. Lead has been in
fair demand and firm.
Wool has been steady but quiet as
usual at this time of the year. SLal hemp has sold more freely
and closed steady at 6M@6>2C.
Ocean freights have been fairly active for grain shipments,
but otherwise very quiet. To-day the engagements embraced
grain to Liverpool at 2/4d. per bush., flour at 10c. per ton and
cheese at 12s. 7d per ton; to London, grain at 6d. per bush.,
flour 17s. 6d. per ton and cheese at 25s.; to Hull, grain at 3d.;
to Antwerp, grain at 6d., and to Bordeaux, 10%d.
Flour to
Glasgow, by steam, 25s. Petroleum charters have been dull afc
3s. 4/4d(U3s. 9d. to the Continent; cases to Algiers at 18c.
Grain charters are dull, and rates more or less nominal, while
in miscellaneous business rates have been generally kept
private.
CHRONICLE.
THE
716
us
Friday, P. M., December SO, 1881.
the
The Movement of the Crop, afl indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Dec. 30), the total receipts have reached 195,808
bales.
Galveston
Indianola, &c.
3,069
9,799
3,319
8,559 15,396
735
1,165
4,493
4,424
6,332
11,141
New Orleans...
Mobile
.
1,321
17,163
900
900
8,304 14,084
67,283
866
871
10,025
816
816
2,343
2,l4i»
25.235
480
480
2,471
15,372
3,062
....
....
....
....
3,748
2,228
4,505
2,290
....
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
Receipts at—
Vlnrirtii
Bav-annah
Brunsw’k, Ac.
Pt.
Royal, Ac.
....
GS6
Wilmington ....
Moreh’d C.,Ac
....
....
500
539
....
....
....
4,765
4,000
Norfolk
City Point, Ac.
Boston
Baltimore
Philadelp’a, &c.
2,899
4,347
....
180
1,683
....
....
300
....
....
730
2,146
1,538
5,82u
3,167
1,999
85
599
Receipts to
This
This
Since Sep.
1, 1881.
Week.
1, 1880.
500
800
1,339
2,759
1880.
1881.
17,163
305,828
900
10,943
1.010
67,283
855,463
Mobile
10,025
190,687
68,422
16.730
249,853
49,626
67,430
816
18,287
333
17,256
99
5,08i>
25,235
549,077
26,759
480
6,464
51
15,372
387,549
14,913
18,205
447
37,601
103,407
2,105
12,753
932
3,568<
409,614
38.106
15,067
65,796
19,658
6,355
5,9-8
96,279
21,941
472,269
10,162
r
Brunswick, Ac.
Charleston
Port
537
Royal, Ac.
Wilmington....
4,967
1,341
19,333
.
MTieadA?lty,&c
Norfolk
City Point, Ac.
New York
Boston
..
4,131
452,055 105,862 100,337
120,616
6,355
14,965
944
2,759
32,793
272
142,352
395
485
15,470
14,022
70,382
48,046
......
......
55,343 258,444 154,835
60,627
13,001
18,943
975,309
1876.
22,829
8,763
14,573
15,595
15,373
New Orleans.
67,283
68,422
50,471
Mobile
10,025
16,739
13,928
25.235
19,420
Charl’st’n, Ac
15,909
26,759
18,652
63,997
18,632
16,805
40,713
11,710
Savannah....
Wilm’gt’n, Ac
6,309
3.087
1.203
47,783
13,223
19,631
10,917
2,196
10,541
5,099
Norfolk, Ac..
22,901
26,013
24,604
20,033
All others....
30.084
13,943
25,759
20,694
14,083
10,382
1,869
9,866
15,003
11,393
195,808
196,435
154,306
143,155
13,962
115,268
165,755
Oil irlestou includes Port Royal, s&o.
WUmiagTon Includes Morehead City, &o.; Norfolk inoludos City Point. &o
The exports for the week ending this evening reach a total
•f 97,138 bales, of which 66,059 were to Great Britain, 8,253 to
France and 22,826 to rest of the Continent, while the stocks as
made up this evening are now 1,212,702 bales. Below are the
exports for the week and since September 1.1881.
Galvetrim includes Ludiauoia;
From
+rom—
Great
Brit'n. France
Conti¬
Great
nent.
Week.
Britain.
New Orleans..
15,424
2,b67
Mobile
Florida
3,331
......
Savannah
.
.
.
.
4,3"0
Charleston *...
13,087
New York
13.000
...
•
1,750
2,821
0.5 8
Wilmington...
Norfolk
......
2,850
3,400
......
Baltimore
»,0"9
Total
.
4,000
10,067
0,508
3,331
2,222
2,748
2,222
45,017
20,980
18,981
2,800
2 8< 0
Philadelp’a,<k<
.
155,449
2,748
Boston
....
8.253
7,873
75,618
•42,497 128,337
10,837
3,331
3,900
75,313 14,255
92,745 17,152
35.907
1,430
13,687
17,282
••••••
351
8,277
92,149
0,198
22,820
•7,138
138.12-
14,001
O'* U*»
ort*
•>«
nnn!t(
from Port Ror&L Ac.
1035569
Exchange, causing some of the outsiders
the cotton market, prices gave way
was
without important change, but yes¬
year,
317,510
479,210
34,108
117.107
3,900
200.785
08,430
178,327
5,082
13,*30
29,909
43,019
109 379
182,758
1
45,' 18
17,203
44,183
50
19.031
394,8.7 1,533,23?
270.619
ISO 2/ 07 309
are
641,900
the past week.
95
9516
978
ionltt
9%
6
K
11%
at
llOj*
•a
a
ijKwmI Mid.. 1238
Str. G’d Mid 12%
H710
11%
12%
11
12
a
12
125,6
12Hi6
121%6
137ig
I43lrt
123g
12%
13%
Midd’g Fail- 13%
13%
1378
1 1
n7i«
n%
>
a
12%
12%
;a
12"
4
i
'
11
11
I 1 71 B
II 7b '
125.6
121116 1211.6
1215,6; 1215.6
137,6 13'ig
14<]6 ! 143.6
16
Wed
Fri.
11*10
11 %
12%
c
125,6
1211x6
1215,6.
13%6
143,0
a
Fri.
Th.
9%
10316
9%
10316
I
11
11
II
11%
U% 6
n7i«
n%'
11716 11%S
11%
1170
11%
1178
12%
12%
12%
12%
125.6 125.6 125.6 125.6
1211.6 1211,0 1211.6 121Iig
1215.6 !21510 121516 1215,6.
13',6 137.6 137,0 137.6
143.6 143.6 143,0 143i6
&>iq
11*10 11%
lUSjfi H1316 12%
12
12
12%
12%
13%
12%
13%
13%
12%
13%
sat.
# lb.
Middling
Middling
Low
12%
125.6
1211,6 121116
121510 121516
13%ft 137.6
143i« 143.6
125j6
STAINED.
Good Ordinary
Strict Good Ordinary
!
9%
103,0
9%
9510
Str.L’w Mid 1113ie
Middling... 12
Good Mid.. 12%
Str. G’d Mid 12%
Midd’g Fair 13%
Fair
13% «
Vr+
9%
103.6
9&i6
Fri.
1}1116
i
Toes
jMon.
Th.
| Th.
Strict Ord..
9% ! *>%
Good Ord.. lOUie
Str. G’d Ord 11%
ill %
Low Midd’g ll»i« 11*16
9%
10316
■.]
re
Sat.
Wed
Wed
Ordin’y.$tt>
tlou Tue»
103 ic
9%
lO^ie 11
Str. G’d Ord ill*
Low Mul l’g ll»is
Str.L’w Mid Ill3l6
Fair
Sat.
iVI Oil Tucn
Sat.
TEXAS.
NEW ORLEANS.-
UPLANDS.
Dec. 24 Ic
Dec. 30
8%
9%
109l6
9%
03,0
9%
103.6
9%
10316
9%
103,0
11
11
11
H%G 11716
Mon Tues Wed
Fri.
Th.
8%
8%
9%
978
109.6 109,6 1O»10
119.6 11*16 11*16
1 8%
Holi¬
8%
970
9%
day. ! 10916
H*ie
MARKET AND SALES.
SALKS OF SPOT AND TRANSIT.
Ex¬
port.
Total.
34,019
108,370
nfOre
which caused a
Con-
Spec- Tran¬ Total.
sit.
sump. uVVn
nent.
921,372 187,039
'.971
177,133
opened strong Saturday last, but no i im¬
CLOBKD.
__
TWq! loon
17,942
35,339
sales for ?ach day of
Sat
Mon
Tues.
Wed
Thurs
Fri.
..
4,208
0,725
4 C 09
•alveston
50,172
73,680
&TOT MARKHT
Conti¬
France
6,800
80,209
this wee
3,494 bales, including 58 for export, 1,317 for consumption,
2,119 for speculation and
in transit. Of the above, 700 bales
were to arrive.
The following are the official quotations and
Exported to—
Total
2,300
3,000
Sept. 1.1881. to Dec. 30.1881.
Exported to—
Experts
1,500
253,394
165,495
None.
None.
96,249
For immediate delivery the total sales foot up
bales.
Since Sept. 1. 3137.26'- 3454.099 3168.855 2719.291 2498,670 2677.331
Week Ending Dec. 30.
None.
10,600
4,961
nominally unchanged at 12c. for middling uplands.
The total sales for forward delivery for the week
12,794
18.063
Tot. this w’k.
550
26,659
5,050
11,940
nominally unchanged, but with increased depression of
down to the close of last evening, and to-day priees were
and
26,146
Galvest’n.&o.
10,158
9,431
900
None.
general disposition to abandon the estimates of the total crop
which had been put forth by the Agricultural Bureau and the
Southern Exchangee. To-day, after a variable opening, there
was some further decline.
Cotton on the spot remained qn iet
Strict Ord..
Good Ord..
1877.
1878.
36,776
80,322
9,400
corresponding week last
for the
Ordin’y.igMA
be made with other years, we
give below the totals at leading ports tor six seasons.
1879.
323.124
12,850
25,540
27,200
terday there was renewed depression under the indications that
the receipts at the ports for the week would be about as lajge
2,338
In order that comparison may
1880.
73,034
1,200
3,3 0
5,500
2.901
15.0D1
1,150
Wednesday
Middling...
1881.
Total.
2,738
26,478
3,000
to sell out and retire from
37,551
l,2lz,7uz.
Receipts at—
Foreign
Leavin g
Stoek.
portant advance in futures took place ; and on Tuesday, und er
indications of an increased movement of the crop and diversi on
5,195
54,608
*
195.>508 3.137.266 196.435 3,454.099
Total
*
615,825 123,149 121,389
300
Baltimore
Philadelphia, Ac.
812.495 396,158 290,778
-
Coast¬
wise.
Other
28,817
7,500
The cotton market
tone
376,584 106,868 119,620
49
10,541
Galveston
Indianola, Ac..
New Orleans
Savannah
France.
11,100
9,363
4,f.00
Total
as
21,819
Florida
Mobile
Unarletton
Savauaah
Salves ton
New York
Other ports
smartly.
-
Slock.
Since Sep.
Week.
NewOrUaiw
3,568
15,067
10,162
showing the week’s
the stocks to-night
and the same items for the corresponding periods of last year.
December 30.
Great
Britain.
of interest to the Stock
1880.
Shipboard, not cleared—for
•
For comparison, we give the following table
total receipts, the total since Sept. 1,1S81. and
1881.
Duo. 33, AT—
537
43.358 24,990 38,377 195,808
33.552 23.94<'
On
4,967
1,341
19,333
....
....
Lambert. 60 Beaver Street.
537
1,341
3,322
3,568
1,930
1,675
....
....
....
2,089
Totals this week 31.591
622
prepared for
1,076
....
....
1,544
....
....
....
1,083
1,919
New York
3,125
2,075
2,332
2,468
2,901
Charleston
....
....
....
....
....
5,497
Total.
We add similar figures for New York, which
our special use by Messrs Carey, Yale &
ports named.
are
tales, against 201,855 bales last week, 236,575 bales the previous
week and 233.341 bales three weeks since; making the total
receipts since the 1st of September, 1881, 3,137,266 bales, against
3,454,099 bales for the same period of 1880, showing a decrease
September 1, 1881, of 316,833
addition to above exports, oar telegrams to-night also give
the following amounts of cotton on shipboard, not cleared, at
In
COTTON.
since
[Vol. xxxm
58
DuU
.
.
.
Total
The
Weak and irreg .
DuU and nominal
Weak
Heavy
•
•
•
•
•
•
•
....
•
•
•
•
•
•
•
•
58
184
600
Holi
470
376
230
303 1,049
224
....
1.317 2.119
_
....
....
....
dally deliveries given afrove are aeon illy
which they are reported.
Deliv¬
eries.
Sales.
53,800
400
846 *178,100
230 144.900
600
400
300
500
842
day..
FUTURES.
1,352 136,700
221 128,400
,
3,491 641,900
2,200
deliver <1 the day pre
vious to that on
The Sales and Prices of Futures are
shown by the
follow¬
ing comprehensive table. In this statement will be found
daily market, the prices of sales for each month each day,
the closing bids, in addition to the daily and total sales
the
an&
CD 'D
i
complete figures for to-night (Dec. 30), we add the item of exports
from the United States, including in it the exports of Friday only.
>1>C^
i-
747
CHRONICLE.
THE
31. 1881.]
•fiestfBER
:©
Stock at Liverpool
Stock at London
rH 00
bales.
1881.
1980.
1879.
1878.
481,000
478.000
483.000
41,900
32,300
42,960
415,000
48,750
525.900
510.300
123,000
90,000
525,960
43,160
*1*C0
Total Great Britain stock
in
<N
:©
3,500
6.800
1,513
8took at Barcelona
16,200
24.700
14.148
Stook at HamDurg
13,000
8took at Bremen
42,600
3,000
26.700
12,460
2,500
34,500
oco w
CO-H-H
Stook at Amsterdam
9,300
4,190
22,500
e*2 g
15.300
390
13,150
Stook at Rotterdam
1,006
11,000
Stook at Antwerp
2,090
900
Stock at other oonti’ntal ports.
8.000
4,790
1,358
1,750
6.000
229,090
170,380
-88,595
163.250
751,980
63 >.630
<N
CD .O
N O
00 D
o>-d
©CON
S?cdcd
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c9?
peon
r*
•fH—l
Ocooo
CO HH
»Ohh
ri
fH
$ I
© |
CO c
o o
lOOO
(N "i
NN
T—* r-l
ebeb
w w
ebeb
coco
COW
•H iH
Total continental ports
SO
Ci
WN
cn
stooks..
Europe.
Amer’n ootton afloat for Eur’pe
5J.'00
611.555
52.000
632,000
112,000
507,000
673.000
612.000
611,000
Egypt,Brazil,Ac.,aflt for E’r’pe
15.000
863,478
231,634
15,000
Total European
..
India cotton afloat for
COCO
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4)
^(30
Montgom’ry.Ala.
.
W
,
Selma, Ala
2.782
1,536
2,208
2,022
week have bee®
an
30. ’81.
fl*32
: ©■22
®
d
*
•
b2 ^bc «2 Jti
_5
® rt
®3Q A*0
'd
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.
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tw ®
Stock.
•
©.a
§"3? ® 'd'3^12
•coo^O
1^0,0
511,200; also sales for November, 1882, 5,000.
A Includes for November, 1882, 300 at 11*56.
B Includes for November, 1883, 800 at 11*5.3» 11*58.
C Includes for November, 1882, 100 at 11*51.
1,573
2,314
2,075
37,974
2,745
2,079
12,418
29,283
10,329
Week
ending D?c, 31, ’8®.
Receipts Shipm’ts
Stock.
5.731
3.106
2,103
1,714
27.18T
24,616
1.280
2,5*29
199
1,998
10,746
12,536
2.*269
12.175
9,856
87,347
2,065
13,721
5,396
4,853
9.662
12.443
2.571
10,378 103,878
13,377
1,569
Memphis, Tenn..
10,873
Nashville, Tenn*
Dallas, Texas.
Jefferson, Tex.
2,174
412
479
32
1,274
Shreveport, La..
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala....
1,596
6.288
2,502
6.56*2
681
1,216
13,302
10,324
1,246
1,897
639
1.477
6,035
.
•
•
:
*Includea sales in September, 1881, for September. 314,000: Septeraber-Ootober for October. 41H.400; September-November for November,
350
19,193
3,705
1,860
15,792
‘270
627
4*8
505
3.710
2,866
4,964
4,780
589
698
3,o70
2,041
1,799
4,179
313
307
30,071
2,489
2,347
1,347
2,287
2,195
11,374
1,400
1,900
443
743
500
58o
914
17,002
7 954
83.770
Cincinnati, O....
17,421
14,089
12,898
15,295
10,521
9,552
11,385
Total,old ports..
76,737
67,035 416,363
72,118
60,903 321,225
Newberry. 8 C..
653
404
343
744
391
700
463
554
841
814
Griflin, Ga
Atlanta, Ga
Rome, Ga
charlotte, N. C..
9t. Ixmis, Mo
8,395
7,003
4,036
1,878
19,266
14,469
666
44,530
15,078
426
1882, 800 at 11*45911*48.
Transferable
Orders—Saturday,
12; Monday, —; Tuesday, 12:
Wednesday. 11*95; Thursday, 11*95 for Decomber and 12 for January;
Friday, 11 95.
Louisville, Ky...
Little Roek, Ark.
Brenham, Tex...
1,167
612
333
1,064
2.841
611
2,164
419
531
26 4
432
686
358
18,315
17,994
26,182
19,156
19,725
28,494
Short Notices for December—Saturday, 12; Wednesday. 11*92.
Short Notices for January—Thursday, 11*98911*93; Friday, 11*92®
11*94.
Houston, Tex....
Total, new ports
21,857
21,997
50,223
21,816
23,518
41,806
Total, all
98,591
89,032 466,586
93,964
84,423 363,025
D Includes for November,
.
301.000
15.000
3.053,845 2,773.089 2,564.210 2,474,112
o^iad.
6%1.
67a I.
5?igd.
indicate
4,846
Augusta, Ga
Columbus, Ga...
Macon, Ga
.
5C
331.855
450.990
Reeeipts. Shipm’ts
..
-
a
306 630
74.380
53.009
05
•
Ajr
M ©
49.250
56.000
38.000
59.595
52.090
32.300
32.309
Weelc ending Dec.
ISS1
5^9 fl
;
132,000
48.750
109.000
41,900
125,030
112,000
39,000
statement:
ii
00
©
145,000
42.960
133.000
CD
©?<
H
©co cS
*2
H
3*?©*)
©
©
15.000
ponding date of 1879 and an increase of 579,733 bales as com¬
pared with 1878.
At the Int&rior Ports the movement—that is the receipts
and shipments for the week, and stocks to-night, and for the
corresponding week of 1830—is set out in detail in the following
d
o
rH
1 1
:
CO
N
CD
N© |
|
©
N
(DO
>^h5
•
t> 1-
0 35
9
|
005
H
s§f4 |
!?Ǥ>
% .v? © P
r CO K3
050
Ci
—
—<
lO©
rH CO
05 05
>o 01
©99
UD
r
^®Q»
rH
281,634
increase in the cotton in sight
to-night of 280,756 bales as compared with the same date of 1880,
an increase of 489,635
bales as compared with the corres¬
CO
CD x N
Ci ©
NN
16.000
imports into Continental ports this
The above figures
§
82 i CO
O© 1
.
881.412
355.9 43
119,000
611,000
863,478 ,
30,500 bales.
»H;OCO
OCO
o-.oo
©99
iHr-0
0-1
*53
N©<i
fH *H
n
f*HH
1»2
The
CO© I
r-«H<©
lC H
612,000
283.006
2,602,865 2,466.409 2,232,355 2,173,112
Total visible supply
Price Mid. Upl., Liverpool
I
077
29,000
CIN
00© I
H(OX
rH
.
X>
« W
INN
NN
On n
Egypt, Brazil, &o., afloat
Htf)
^
©
iverpool stock
London stock
Continental stocks
India afloat for Europe...
05© |
**NN
333,000
96,000
678,000
974.184
321,225
29,000
2,602,865 2,466,409 2,232,355 2,173,112
CO -iH
o© |
369,000
104,000
507.009
East Indian, Brasil, Ac.—
© NN
n
h
cicco
05 05
On
a"2
©<N
05© I
Cl N
r-
CO 35
©^ W
r-f
CD_«h
NN
H
ro
©©H*
O
© i<0
OciN
-* 35
1-7© |
*>
—
351.000
N
^»(0»O
Tf
On ci
h
CD©©
Cl Cl
"
©
CO
p
N ©CO
CD
©
»OiOO
ipo
I
.t-CO
©nn
O
3,053,845 2,773,089 2,564,210 2.474,112
follows
1,212.702
United States stock
416.363
United 8tates interior stooks.
11,800
United States exports to-day..
(N CD
O •“I H
*r® I
© |
16,000
Total visible supply...
NN
<N<N
ONN
-* o
o *p *p
O Cl Cl
t" H H
•“••or-
23,000
United Strtes exports to-day..
American afloat for Europe...
(N 35
(NCI
JO
321,225
itock in U. 8. interior porta...
.
ON®
H<C0 35
H
416,363
11,800
32.300
881.412
355.943
American—
Cl N
*
CO® I
©©0
2
n ci
’TH H
38.000
974,184
Of the aoove, the totals of American and other descriptions are as
ON
©N
CD
39,000
..1 ,212,702
I
00(35
O'. -I
3took in United States ports
56,000
00 0*
ooroo
OciN
©
©<35 0*
2NN
Oh —i
ofc |
.H ft
CO Cl
N
o -o
O 00
I
0®D
£>n
n
o--I
05 35
® NN
n
i-4
CO©
1.800
Olfl
O
r-<
463,750
80,000
3,000
7,006
Stook at Marseilles
<NN
IN
t'*
3tock at Havre
The following exchanges have
*25 pd. to exch. 1,000 Jan. for Feb.
"67 pd. to exch 2,500 Jan. for Apr.
*25 pd. to exch. 400 Jan. for Feb.
•40 pd. to exch. 6o0 Feb. for Apr.
*19 pd. to exch. 100 Mar. for Apr.
*27 pd. to exch. 2,000 Jan. for Feb.
been made duripg the week;
pd. to exch. 100 Jan. for Mar.
pd. to exeh. 600 Mar. for Apr.
pd. to exch. 100 Jan. for Mar.
pd. to exch. 100 Jan. s. n. for
regular.
*50
*19
*47
*06
bj cable and
The Continental stocks are the fignr^s
The Visible Supply op Cotton, as made up
elegraph, is
Raleigh, N. C
Petersburg. Va..
653
800
25
850
*
We have added to the receipts
actual stock over the estimated.
The ab
>ve
2,104
6,002
10.186
3,002
615
4,696
1,386
3,193
777 bales, which is the excess
totals show that the
of
old interior stocks have in¬
the week 9,702 bales, and are to-night 95,131
the same period last year. The receipts at
towns have been 4,619 bales more than the same week
creased during
bales more than at
the same
follows.
last year..
of last Saturday, bat the totals for Great Britain and the afloat
Receipts prom the Plantations.—The following table is
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals the prepared for the purpose of indicating the actual movement each
as
THE CHRONICLE.
748
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the
interior stocks. We reach,
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 oi the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports.
therefore,
a
RECEIPTS FROM
Week
M
14
23
Nov.
*
14.••••
21
4
4*
11
4
18
44
23
Dec.
2
44
9
if
ia
**
23
H
33
Porf.sj Itec'pts from Plant'ns.
Macon, Georgia.—It has rained on four days during the past
The thermometer has ranged from 32 to 66, averaging 52.
Columbus, Georgia.—It has rained severely on two days of
week.
the past
week, the rainfall reaching three inches and ninetyThe thermometer has averaged 60, ranging
eight hundredths.
from 47 to 63.
Savannah, Georgia.—It has rained on three days of the past
week, and the remainder of the week has been pleasant. The
rainfall has reached one inch and foity-five hundredths. The
averaged 57, ranging from 37 to 74.
Augusta, Georgia.—The weather has been wet
thermometer has
and dis¬
the past week, with heavy general rai l on five
days; but as the week closes the weather Is clear and cold. The
rainfall reached three inches and twenty-two hundredths.
Average thermometer 54, highest 70 and lowest 36.
Atlanta, Georgia.—We have had rain on three days of the
past week, the rainfall reaching two inches and seventy-five
hundredths. Average thermometer 50, highest 61 and lowest 34.
Charleston, South Carolina.—It has rained on two days of
the past week, the rainfall reaching one inch and forty-two
hundredths. Average thermometer 56, highest 68 and lowest 40.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
agreeable during
.d61-3
ending—
Oct.
PLANTATIONS.
[VOL. XXXIII.
....
Receipt* at tlxe Porte.
1879.
1880.
1881.
Stock at Interior
1879.
1880.
1881.
:81.?’l4 210,307 185,050 181,227 121,893 109,159
190,095
214,401 230,341 184,531 95,99 5 152,7(35
215.013 251,830 203,241 115,735 179,076 218.150
225.087 251,708 216,085 133,905 204.759 254,938
1879.
154.308 19*3.435 193.808 355.943
The above statement shows—
1. That the total receipts from
1S31.
191,028 229,176 221,212
229,227 237,211 211,407
205,356 281,741 225,296
243,257 270,851
238,218
271,809
210,777
285.408 273.437
220.210 215.842 224,420 187.120 227,135
300.758
250,280
242.320
218,998
218,408 250.018 224,837
294.337
249,152 205,102 221,870 264,183 247,911 325,903
210.107 218,341 216,170 257.109 248305 350.364 239,093
231,870 243.137 233,314 317,468
318.937 238,400 230.570 3:3.503
207.001 237.930 201,855 301.920
1880.
253,473
254,890
240,187
241,021
219,295 240,031
205,276 370,247 265.233 2j9,548 253.227
294.224 897,533 214,942 267438 203,837
310.015 400,061 229.024 253,771 210.97S
321.225 410.333 145 823 207.045 205.510
December 29, 1881, and December 30, 1880.
Dec. 29, ’81. Dec. 30, *80.
Inch.
Feet. Inch
Feet.
7
28
22
New Orleans....
the plantations since Pept. 1 in
bales; in 18S0 were 3,754,381 bales; in 1879
were 3,515,497 bales.
2. That, although the receipts at the out-ports the past week
were 195,803 bales, the actual movement from plantations was
205,510 bales, Lhe balance going to increase the stocks at
the interior 'ports.
Last year the receipts from the planta¬
tions for the same week were 207,015 bales and for 1879 they
were 145,323 bales.
1881 were 3,518,094
Weather Reports by
,
Telegraph.—The temperature has con¬
Memphis
Nashville
8hreveport
13
Above low-water mark...
Vicksburg
UL
S
8
0
G
l
a
0
9
O
10
14
3
19
7
4
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
New Orleans
December.—We have this
week received Mr. Ellison’s circular, dated December 10, and
Elllson &
Co.’s
Circular
for
take from it the following review of the course of the maikefc
high for the season'in the greater portion of the South since his previous circular.
during the past week, and there has been more or less rain in
COURSE OF THE LIVERPOOL MARKET, NOV. 10 TO DEC. 10.
most sections.
Killing frost is reported on one night in sections
Our last report was issued on November 10. At that time the
of Texas, but nowhere else..
market was steady, at a recovery of bid. for near cotton and
Galveston, Texas.—We have had drizzles on two days of the %d. for distant upon the lowest prices of the previous month.
past week, the rainfall reaching twelve hundredths of an inch. The improvement was well maintained until the 18th ult., and,
with an extensive spot demand from day to day, prices continu¬
The thermometer has ranged from 41 to 63, averaging 52.
ally hardened until they showed an advance of 3-16d. for the
Indianola, Texas.—We have had drizzles on two days of the better and 5-16d. for the lower grades of American on the spot
past week, the rainfall reaching sixteen hundredths of an inch. and bid. for futures. Other growths attracted the attention of
We have had a killing frost this week on one night.
Average buyers, and there was an advance of l-10d. to 3-16d. in Brazils,
%d. to bid. in Egyptians, and %d. to 3-16d. in Surats. The
thermometer 50, highest 70 and lowest 42.
confidence of operators was strengthened by unfavorable crop
Dallas, Texas.—We have had no rain during the past week. accounts, by the high prices at American ports and the small
We have had a killing frost this week on one night.
The ther¬ shipments to this side, by. the diminishing stock here, and by
The rise, however, checked
the active business in Manchester.
mometer has averaged 57, ranging from 41 to 72.
the demand both here and in Manchester, and during the week
Brenham, Texas.—There has been no rain during the past
ended the 24tli ult. there was a re-action of 1-16d. to %d. on
week. We have had a killing frost on one night during the the
spot and %d. to 3-32d. for futures.. Between the 24th and
week. The thermometer has ranged from 41 to 73, averaging 57. 30th ult., with further stimulating advices from America, there
But the rise again checked
New Orleans, Louisiana.—We have had rain on two days was a recovery of ^d. to
the demand, and a fall of 1-I6d. to 3-32d. took place on the 1st
of the past week, the rainfall reaching two inches and thirty
December. The declining tendency continued until the 8th
hundredths. The themnoineter has averaged 57.
inst., on which day the rates current showed a fall of 5-32d. to
3-16d. in futures and l-16d. on the spot from those current on
Shreveport. Louisiana.—Telegram not received.
Vicksburg, Mississippi.—It has rained on two days of the the 30th ultimo. During the past two days there has been
more doing in futures, and prices have gained l-32d. for near
past week. The weather has continued mild and pleasant.
and l-16d. for distant positions; but there are free sellers at the
Columbus, Mississippi.—We have had rain on two days of advance. Spots continue quiet, and prices have not partaken
the past week, the rainfall reaching one inch and ten hun- of the improvement in futures.
The following is an account of the principal fluctuations in
dreths. Average thermometer 54, highest 70 and lowest 40.
Little Rock, Arkansas.—The weather during the past week the price of middling upland on the spot and for forward deliv¬
has been clear except on Wednesday and to-day, which has been ery between the 10th ultimo and to-day—
blustering and cold. The thermometer has ranged from 35 to 62.
Nov.- Det.- J'n.- Fcb.- Mar. Apr. May Vne- j'lyaveraging 46. Last week it was cloudy on three days with rain
Spot. jj a Dee. Jan. Feb. Mdr. Apr. May. J’ne. j'ly. Aug.
on two days, and the rainfall reached fifty-eight hundredths of
an inch. The thermometer averaged 44, and ranged from 31 to 59.
s3
i7
5
G
l
6
Nov.
0*3
10
61933 oSr 621.32 6**16 G3333
«!ig OLo
Nashville, Tennessee.—We have had rain on three days of
“
18.... G^
G213Q 62*32 G2i32 63t)32 gV? G2532 61316 G4732 67a
2
371
G *26
05
61933 G^s G2i,32 6**16 l>3332
the past week..
615*> 6Ls G1532 6*3
The thermometer has ranged from 37 to 62,
if1ll6
G2932 6*j> 16 63l32
6**16 63±
6*3n> 62733 G7a
GSq
averaging 48, and the rainfall has reached one inch and twenty- Doc. 30.:::
02 Uo 61*16 6233o 62^32 G13lg
8
G173, G17.jo 6916 6^
'if
id
two hundredths.
196
10.... G9lfl
G2533 6*316 67g
69I6 6^8 6lliei 6**ie| C»4
Mobile, Alabama.—It rained severely on two days and was
showery on one day the' early part of the past week, but the —showing a net advance of bid. on'the spot and for near
latter portion of the week has been clear and pleasant. The futures, and 5-32d. to 3-16d. for distant.
thermometer has averaged 53, ranging from 36 to 61, and the
Compared with the rates current a month since, the present
rainfall reached three inches and thirty-five hundredths.
prices for spot cotton show an advance in American of bid. to
Montgomery, Alabama.—We have had rain on five days of 5-1‘id. in good ordinary, 3-16d. in low middling, bid. in
the past week, the rainfall reaching two inches and seven hun¬
middling and l-16d. to %d. in good middling. Brazils below
dredths. As the week closes there has been a favorable change fair have
gained bid.. but those above fair only 1-16 i. to 3-16d.
in the weather, and it is now turning colder.
The thermometer Brown Egyptian is bid. to bid. higher; but white is unchanged.
has ranged from 36 to 67, averaging 51.
In Surats, Broach is advanced 5-16d. to /£d. and other sorts
Selma, Alabama. — It rained lightly on four days during 5-16d. to 7-lGd. Bengals have gained l-16d. to bid.
the early part of the past week, and the latter portion of the
COURSE OF THE MANCHESTER MARKET, NOV. 10 TO DEC. 10.
week has been clear and pleasant.
The rainfall reached ninetythree hundredths of an inch. Planters are marketing their
During the first half of the month under review there was a
considerable business done .at hardening prices, ending in an
crop freely. The thermometer lias averaged 49.
Madison, Florida.—We have had rain on one day of the advance of /£d. to bid. per lb. in the medium counts of yarn
past week, and the balance of tlie» week has been pleasant. The and l/£d. to 3d. per piece in the most current makes of shirt¬
days have been warm but the nights have been cold. Contracts ings. There was then a pause and a slight re-action ; but there
for labor for the coming year are now being made at about last was renewed s-rength again during the closing days of Novem¬
year’s rates. The thermometer has averaged 5', the highest ber, and a further advance of 34d. per lb. was established.
During the past week a quieter tone has prevailed, and busibeing 66 and the lowest 44.
tinued
.
«<
“
“
December 31,
749
THE CHRONICLE.
1881.]
has been done at %d. in yarn and l^d. in shirtings below compete, not with America, but with the cheap labor, raw mater¬
the previous highest point, in sympathy with the decline in ial and organization of China itself, a far more formidable
cotton. The final rates are about %d. to %d., chiefly %d , in competition. It is not sufficient that at Chinkiang cotton goods
the medium numbers of yarn (say 20’s to 40*s), and l^d. to should reach seven figures. Were goods properly adapted, the
3d. per piece in 71b. to 8]4lb. shirtings higher than a month increase would be by leaps and bounds. There is a market in
since. Producers are full jof orders, and the out-turn of the three neighboring provinces equal in area to Europe.
Mr. E. H. Parker, of Chungking, writing May 28,1881, says:
mills is quite up to the late maximum rate.
“
Much
disgust is expiessed at the excessive sizing of English
MOVEMENTS DURING THE SEASON, OCT. 1 TO NOV. 30.
The deliveries to English and Continental spinners during manufactures, which reaches 30 per cent of the total weight iu
the first two months of the season compare as follows*with the ordinary cases, and 40 per cent in the case of drills. American
drills are said to be free from adulteration. The English sizing
figures for the corresponding period of last season:
at first bred weevils, but is now changed in character and pro¬
Continent.
Great Britain.
duces rot. English cloth is, therefore, chiefly used for funerals
and for linings of garments. The dress of the common people
1880-81.
1881-82.
1830-81.
1881-82.
is a blue dyed native cloth, both warmer and more durable
035.790
410,280
347,100 than English fabrics. The natives look for a time when the
520,370
No. of bale©..
422
430
445
410
factories now beginning at Shanghai will drive foreign cloth
Av.wght (lbs)
176,520,100
146,501,520 from the
279,747,000 234,234,050
Tot.wgbt(lbs)
markets, if adulterated.” Mr. M'Lean, in his “ Annual
Bales of 400
699.000
360,000 Retrospect,” says:
585,000
411,000
lbs..
“ At the same time the consumptive
demand for a pure fabric is strengthening, and has made itself
The present rate of consumption we estimate at 70,000 bales
increasingly felt during the closing five months of the year.
©f 400 lbs. per week for Great Britain, against 66,000 last year ;
Honest stuffs of American and .Lancashire manufacture were
and at 58,000 bales aud 54,000 bales respectively for the Conti¬ run
after, and stocks are bare. There are uses for an adulter¬
nent.
Last year’s figures are altered, in accordance with cor¬ ated
article, but indiscriminate sizing is injudicious.”
rections made subsequently. Many of the Continental figures
Jute Butts, Bagging, Etc.—The inquiry for bagging has not
for this year are for one week more than last year ; the esti¬ shown
any improvement during the past week, and but little
mated consumption is, therefore, eight weeks at 58,000, or
business is doing. There have been a few orders in market for
464,000 plus half a week—29,000, in all 493,000 bales.
On the basis of the foregoing estimates, the movements for small lots, but buyers are not disposed to lay ic any amount of
Prices are still un¬
the eight weeks of this season and last compare as follows, in stock until after the opening of the year.
changed, but there seems to be an easier tone to the market,
•bales of the uniform weight of 400 lbs.:
and probably a prompt offer of a shade less than quotations
Great Britain.
Continent.
would be accepted. Ac the close the market is nominal at 9c.
for 1}£ lbs., 10c. for 2 lbs. and 11c. for standard
1881-82.
1880-81. 1881-82. 1880-31.
qualities.
Butts are also in the same position, and the inquiry is almost
240,000
25,000
27,000
112,000
Surplus stock, Oct. 1
entirely for trifling lots, and to place any quantity would
Deliveries to Nov. 30
699,000
585,000
441,000
300,000
require concessions. There is more disposition shown to shade
478,000 quotations, and sellers are now quoting 2/4@2%c. for paper
721,000
012,000
681,000
Supply
£00,000
493,000 432,000 grades and 2%@3 l-16c. for
Consumption, 8 weeks
528,000
bagging qualities.
nesa
-
Surplus stock Nov. 30
164,000
84,000
188,000
The
surplus stocks at the mills are therefore about 352,000
Europe, against 130,000 twelve months ago—show¬
ing an excess of 220,000 bales, of which 80,000 bales are in Great
Britain and 142,000 on the Continent. As stated in previous
reports, the Continental surplus stocks include the cotton held
at sundry small ports and at interior depots not enumerated in
bales for all
our
tables.
Bombay Advices
as to
Crop,—Under date of November 24th
have the
following from the Bombay Prices Current re¬
specting the out-turn of the present crop :
New Oomras are going to turn out an early crop, say about
we
Comparative Port Receipts
40,000
three weeks ahead of last season. Some 500 bales in all have
been received so far, and every day will see a rapid increase,
The quality, which at first was not altogether satisfactory, is
and
Daily Crop Movement.—
A
comparison of the port movement by weeks is not accurate
as the weeks in different
years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named.4 The movement each month
3ince
September 1, 1881, has been
Monthly
BeceipU.
Sept’mb’r
October..
Novemb’r
Year
1881.
1880.
422,057
458,478
968,318
827,849
937,578 1,006,501
as
follows:
Beginning September 1.
1879.
333,643
888,492
942,272
1878.
288,848
639,261
779,235
1877.
98,491
578,533
822,493
1876.
236,868
675,260
901,392
Total year 2,187,484 2,433,297 2,164,407 1,757,347 1,499,517 1,813,520
improving, and we think there is now good reason to antic¬ Pero’tage of tot. port
ipate one of the largest and best yields we have ever had from
41-42
43-27
3951
34-50
receipts Nov. 30
44-91
Khandeish and the Berars. Regarding the Broach and DholleThis statement shows that up to Nov. 30 the receipts at the
rah crops, the reports, continue eminently satisfactory, and
ports this year were 245,813 bales less than in 1880 and
with anything like ordinary weather we have every prospect of
23,077 bales more than at the same time iu 1878-79. By adding
a fine yield all round.
to the above totals to Nov. 30 the daily receipts since that time,
On the same subject, and under same date, Messrs. Wallace we shall be able to reach an exact comparison of the movement
for the different years.
& Co., of Bombay, write as follows :
New Oomrawuttee is now coming forward in small lots, and
1881.
1880.
1879.
1878.
1877.
1876
in a fortnight there should be a fair supply available for selec¬
tion. The rain referred to in our last report as having fallen Tot.Nv.30 %187,484 «,433,297 2,164,407 1,757,349 1,499,517 1,813,520
in the Central Provinces and Berars has not damaged the grow¬ Dec. 1
8.
52.479
36,867
26,647
30,824
21,337
2....
8.
ing cotton crops so seriously as was then expected, but receipts
45,332
39,978
29,216
30,866
21,089
for the next week or two will probably show a little dark leaf
3....
48,897
8.
34,006
28,110
40,703
40,894
in consequence; with this exception, the Oomrawuttee crop
S.
4....
25,675
30,346
27,179
44,873
23,532
8.
promises to be above the average both in quantity and quality,
5....
54,134
49,608
30,938
20,766
31,662
and it is unusually early. On the other hand, the New Broach
6....
31,799
63,166
36,046
58,291
36,219
32,325
«
crop is rather backward, and there are, practically, no sellers
7....
8.
30,136
36,174
25,563
28,111
24,767
for delivery earlier than March. Accounts, however, from the
8.
8....
29,263
40,865
43,236
22,784
33,072
Broach, as also from the Dhollerah districts, are very satis¬
9....
42,404
8.
58,561
34,502
25,055
26,981
factory, and, with any thing like ordinary weather henceforward,
10....
59,133
39,377
37,914
8.
28,693
47,969
good yields may confidently be expected from these quarters,
S.
11....
41,993
33,164
30,836
35,846
42,863
as well as from the southern Mahratta
country, where the
8.
12....
50,059
30,614
59,014
25,895
29,247
Dharwar and Comptah crops are reported to have made an
13....
30,942
42,522
46,024
37,733
39,011
29,426
now
..
«■
“
“
«
"
“
M
“
“
*
“
M
excellent start.
China Cotton Goods Trade.—The Chamber of Commerce of
Liverpool communicate the following extracts from, and
re¬
marks about, some of the Commercial
Reports for 1880 from
Her Majesty’s consuls in China respecting certain features of
the goods trade
Mr. E. L. Oxenham, Consul at Chinkiang, under date Dec. 31 •
1880, makes observations which we condense. There is a de¬
crease for 1880 in trade in
piece goods, excepting only white
shirtings and Turkey reds.
Dealers assert that the sizing of
English goods continues and reduces sales. Persons doing
rough work need a strong article, and this want is
supplied by unsightly native cloth—the cost of this
exceedsr that- of foreign cottons.
In towns the more
tasteful foreign
used,
shirtings
are
but
preference is given
to American
goods, which are as nice looking as the English,
and “more durable.”
It ought surely to be possible
for Manchester to provide a class of goods^ as durable as native
sloth, and cheaper and of better appearance. Our manufac¬
turers should be wise betimes, or before long they will have to
“
14....
"
15....
"
16....
‘
17....
“
32,913
36,960
8.
26,923
31,300
45,251
8.
32,893
46,325
28,929
30,650
33,332
40,452
49,541
30,412
32,588
52,468
33,308
18....
8.
39,649
30,473
35,179
«
19....
45,560
8.
42.450
“
20....
43,275
31,874
39,037
“
21....
22....
46,158
8.
31,722
“
23....
28,891
«
24....
31,591
“
25....
8.
37,419
25,775
82,077
59,785
33,096
S.
“
25,260
26,15.6
35,119
40,831
25,930
31,074
27,899
8.
50,328
34,519
38,346
45,471
8.
M
26....
33,552
8.
42,619
“
27....
49,703.
29,995.
"
28....
29
26,643
29,021
17,390
8.
“
23,94o
43,358
24,990
38,377
55,204
27,382
22,297
29,956
37,243
25,532
30,953
26,918
8.
44,635
35,804
35,803
22,666
29,398
27,402
8.
“
...
30....
Total
28,445
29,614
33,977
35,642
23,479
8.
43,343
31,246
23,675
22,581
25,931
28,042
54,604
8.
45,824
22,837
18,561
23,076
23,041
20,862
3,137,266 3,418,517 3,100,415 2,629,070 2,362,313 2,562,766
Percentage of total
port rao'Dts Dee. 30
5819
61-99
5911
54-36!
63 96
[v ol. rxxui.
THE CHRONICLE.
tat.
£2750
against 15,578 bales last week. Below we give our usual
receipts since Sept. 1 up to bales,
table showing the exports of cotton from New York, and their
than they were to the same direction, for each of the last four weeks; also the total exports
day of the month in 1880 and 36,851 bales more than they were and direction since September 1, 1881, and in the last column
to the same day of the month in 1879. We add to the table
the total for the same period of the previous year:
the percentages of total port receipts which had been received to
Exports of Cotton (bales) from New York since Sept. 1.1881.
December 30 in each of the years named.
This statement shows that the
to-night are now 281,251 bales less
Ports.—The figures which
are now collected for us, and forwarded by cable each Friday, of
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
previously-received report from
connection with our
enable us, in
Bombay, to furnish our readers with a full and complete India
movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to Dec. 29.
BOMBAY RBCKIPT8
YHAR8.
AND 8HIPMBNT8 FOR FOUR
Exported to—
Dec.
14.
Dec.
1.
28.
Sept. 1,.
50
period
previ’u
year.
3,458
7,107
6,118 13,975 13,600 138,128 158,546-
9,951
Great Britain
to
Dec.
599
Other British ports
Total
Dec.
21.
,
Total
since
6,118 13,975 13,550 134.670 151,43#
9,352
Liverpool
Same
ending-
Week
India Cotton Movement from all
25
1,304
258
351
14,661
22,351
25
1,304
258
351
14,661
22,351
247
250
559
300
500
1,145
2,121
15,325
11.167
18,28#
14,462
200
910
200
2,640
4£8#
1,359
1,345
3,231
29,132
37tf)31
100
837
46#
958
100
837
1,415
Havre
Other French ports
f
Year Great Conti¬
BriVn. nent.
1881
1880
1879
6,000
4,000
1878
2.000
Total.
Receipts.
Shipments since Jan. 1.
Shipments this week.
Great
Conti¬
Britain
nent.
7.000 13.000 376,000
2,000 6.000 379,000
3,000 3,000 263.000
5,000 7,000 3 '5,000
Total.
*
Since
Jan. 1
This
Week.
617,000
536,000
371,000
993,000 28,000 1,391,000
915,000 16,000 1,202,000
887.000
631,000 19,000
406,000
731,000
927,000
9,000
According to the foregoing, Bombay appears to show an
increase compared with last year in the week’s receipts of 12,000
hales, and an increase in shipments of 7,000 bales, and the
shipments since January 1 show an increase of 78,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows.
•ALCUTTA, MADRAS, TUTICORIN, CARWAR. RANGOON AND KURRACHEB.
Great
Conti¬
Bintain.
nent.
1881
5,000
1880
1879
1878
1,000
Bremen and Hanover
Great
Conti¬
Britain.
nent.
5,000
230,000
1,000
224,000
87,000
87,000
111,000
71,000
Total.
Y.V.l'.
209,000
w5,000
Total.
317.00C
311,000
320,000
216.000
Other ports
Jan. 1,1881, and for the corresponding
periods of the two previous years, are as follows.
ments this week ard since
weeks and
ship¬
EXPORTS TO EUROPE FROM
ALL INDIA.
1879.
1880.
1881.
Shivments
to
all Europe
week.
13.0o0
Bombay
5,000
All other p’rts.
week.
320,000
311,000
7,000 1,226,000
18,000 1,310,000
Total
634.00C
3,000
915.000
6,000
1,000
993,000
317,000
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
Since
Jan. 1.
This
from—
954,000
3,000
This last statement affords a very interesting comparison of the
total movement for the week ending Dec. 29, and for the three
years np to date, at all India ports.
Alexandria Receipts and Shipments.—Through arrangements
we have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, 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 eoi responding week
•f th# previous two years.
Alexandria, E^ypt,
Receipts (cantars*)—
This week....
Since Seut. 1
Exports (bales)—
To Liverpool
Spain, Op'rto, Gibralt’r,&c
All other
)
A cantar is 98
190,000
145,000
1.695.500
2,435,000
This
Since
week.
Sept. 1.
week.
Since
Sept. 1.
This
week.
Since
Sept. 1
6,394 161,000
7,000 113,000
4,947 40,290 11,243 91,093
19,892 173,413 11,947 153,290 17,637 252,093
Total Euro
*
140,000
This
lbs.
This statement shows that
Dec. 29 were 140,000 cantars
were 19,892 bales.
the receipts for the week ending
and the shipments to all Europe
Manchester Market.—Our report received from Manchester
to-night states that priaes of twists and shirtings are unchanged,
and that the market is
below, and leave previous
quiet. We give the prices of to-day
weeks’ prices for comparison:
1880.
last.
f
92# Cop.
Twist.
Oet.28
Nov. 4
"
11
«
18
«
25
Bee. 2
“
e
«
16
«
23
l" 30
d.
A. 8.
9k* 9% 6
9k* 97s 0
014910
6
9k*10
9k*10k
9k*10k
8I4 tbs.
CotVn
Mid.
Shirtings.
Up (Is
d.
6
6
6
6
9k*10k
9k*10
9k*10
6
6
6
6
6
93p»U>
6
8.
®8
«8
d.
0
0
lk
®8
lk
*8
lk
®8
®8
®8
lk
lk
0
0
*8
O
The Exports of Cotton
intredse, as
d.
32s
d.
d.
8.
|»!«
8.
®8
*8
®8
d.
0
0
0
7k*710k
9 ®8 0
0
9
9
9
9
0
0
0
*8
*8
*3
*8
0
lk
lk
lk
Mid.
TJp Ids
This
week.
Since
Since
.....
1,345
19,953
995
2,059
21,654
m
m
436
5.554
97,900
3,119
40.722
201
North, pts
Ac. 15,067
m
m
5,049
1,832
65,796
m
m
m
m
m
.
......
•
1,985
8,978
6,864
•
•
.
_
......
•
32.205
93,629
66,173
«
«
„
^
^
_
.
......
....A.
•
^
#97
1,372
13,110
12,698
2,205
52,751
578
9,196
56
i,474
22,066
1,468
Foreign..
......
Thin year. 56,379
666,052 19,172 211,960
2,469 43,720
7,211 126,727
Last year 39.2N5
593,967’l3.012,154,711
3,395 30,776
5,570 128,63#
News.—The exports of cotton from the United
past week, as per latest mail returns, have reached
91,751 bales.' So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday. With regard to New York, we
include the manifests of all vessels cleared^ up to Wednesday
night of this week:
*7
Total bales
Shipping
States the
Liverpool, per steamers Arabic, 2.121
Bieia,
Bothnia, 202
City of Berlin,
Canada, 222
City of Paris, 1,064
Lake Manitoba, 2,788....
New York—To
1,654
1,030
Nevada, 3,094—Orestes,
1,137
Scythia, 238
To Hull, per steamer Marengo, 50
To Havre, per steamer France, 351
To Bremen, per steamers Gen. Werder, 1,073
Oder, 1,048
To Hamburg, per steamers Vandalia, 450
Wieland, 460..
To Rotterdam, per steamer Schiedam, 150
To Antwerp, per steamer Belgenland, 50
To Mediterranean ports, per steamer Vincenzo Florie, 100..
Nbw Orleans—To Liverpool, per steamer Commander, 3,300..
To Havre, per ships Bonanza, 4,089
Dora, 4,109
Im¬
per brig Mary
bark Hiperion, 3,631
E. Chapman, 2,349
To Barcelona, per steamer Santiago, 2,201
Charleston—To Liverpool, per barks Nataut. 3,226
and 308 Sea Island....Rome, 2,509 Upland and
Island....per brig Rosalia Starita, l,0u0
1,875 Upland
550
per brigs
Ataullo, 650 Upland
Upland
Savannah—To Liverpool, per barks Boioma,
To Amsterdam, per ship Hoiden, 2,550
To Pasages, per bark Mercedes, 1,180
To Genoa, per bark Elieser, 2,100
Texas—To Liverpool, per steamer Ashburne,
Upland
1
Sincero,
Lorenzo,
2,960 Upland
7,265
per
bark
Mary Jane, 2,241
Iowa,
2,441....Malta, 460
form,
6k
6llie
6Hl6
6k
61*16
6llw
6k
reaching 17,282
19,21#
2,201
7,13T
2,25#
3,885
2,550
1,180
To Havre, per bark Eva, 1,383
To Bremen, per brig Rebecca, 700
To Vera Cruz, per steamer Whitney, 1,315
Wilmington—To Liverpool, per bark Atlantic, 1,621
Norfolk—To Liverpool, per ship Charlie Baker, 3,934
Baltimore—To Liverpool, per steamer Hibernian, 1,300
Boston—To Liverpool, per steamers Bulgarian, 1,589
The
13,55#
5#
351
2,121
91#
15#
50
100
3,300
29 Sea
Upland and 65
Sea Island
To Bremen, per bark Freihandel, 2,250 Upland
To Barcelona, per barks Arauca, 810 Upland
2,10#
9,506
1.385
70#
1,815
1,621
3,934
1,300
4,490
91,751
particulars of these shipments, arranged
follows:
in our usua.
are as
Bremen Amster- Barccand
dam <t Iona
d.
6116
38,926
■
m
.....
Virginia.. 11,078 117,278
Tenn..
This
Sept. 1. week. Sept. 1. week. Sept. 1. week. Sept. 1.
6,861 126,323
4,944 62,712
9,624 146,377
N. Orl’ans
Texas....
Savannah
Mobile...
Florida.
8 Carolina
N Car’lina
Baltimore.
Since
This
Since
This
for the past week, and
Philadelphia.
Boston.
New York.
.
Receipts
from—
63*
6k
from New York this week show an
compared with last week^tht total
d.
9
Cotton at New York,
The Following are the Receipts of
Boston, Philadelphia and Baltimore
since September 1, 1881:
Total
Shirtings.
930 ®10k 6
6
9k *10
6
914 ®io
9k * 9k 6
6k
9k *10 6
6Hi6 9k *10 6
6*16 9k* 9k 6
9k *10 7
7
0*ll6 9k*10
7
6H1* 9k *10
8.781 13.578 17.282 182,758 219,341
10,473
Grand Total
CotVn
8k lbs
Cop.
Iwist.
&o
Total Spain,
porter, 5.037—per
1.987 550
12,000 114,000
7,892 59,413
To Continent
1879.
1880.
1881.
Dec. 29.
497
Total to North. Europe
.
from
than same
The above totals for this week show that the movement
the ports other than Bombay is 4.000 bales more
week last year. For the whole of India, therefore, the total
....
Hamburg
Shipments since January 1.
Shipments this week.
Year.
Total French
Ham- Bolter- and
pool. Havre, burg. dam. Pasages.
13,550
351 3,031
150
3,300 19,215
2,201
7,137
2,250
3,885
2,550 1,180
6,402
9,506 1,383
700
Liver-
New York..
N. Orleans.
Charleston.
8avannah..
Texas
Wilmington
1,621
Norfolk....
Baltimore..
Boston......
3,934
1,300
4,490
Total... 51,240
Vera
Qenoa.Crus.
4
2,100
1,315
TotaL
17.232
24.71#
13,272
12.232
12,904
1,621
3,934
1,300
4,490
-
20,949 #,981 2,790 7,206
2,100 1,315
91,751
Included in the above totals are, from New
York to Hall 5# bains; to
50 bales, and to Mediterranean ports, 100 bales.
Below we give all news received to date of disasters
BREADSTUFFS.
Antwerp,
Cmntohia, steamer
There has been but little
United States ports, etc.:
carrying cotton from
(Br.), from New Orleans for Bremen, before reported
damaged by collision with a dry d >ck soon after leaving her wharf
at New Orleans on Doc. 15, repaired damages sustained and re¬
sumed voyage on Dec. 21.
steamboat, from Bantee fer Charleston, 8. C., keek firs P. M.
off Castle Pinckney, inside Charleston harbor, and. together
with her cargo, consisting of 724 bales cotton, 25 bbls. crude tur¬
pentine, 90 do. spirits turpentine and 800 do. rosin,was deutrsyed.
The Granger was a new vessel, finished last month, east abeut
$30,000, and was insured far $15,000. Cargo valued at abeut
$10,000 and about half of the cotton insured. Thirty bains of entton
were saved partially damaged.
Ths engineer was drewned and
one passenger perished in the flames.
HueroK, steamer (Br.), from New Orleans for Liverpool, befom reported
ashore on the Marquisas, arrived at Key West prior te Dec. 21; she
sustained no serious damage and probably reloaded her eotten en
the 22d and wsw to proceed to destination with dispatch.
RoeiiDALH. steamer (Br.), before
reported from Charleston for
Sebastopol, recently ashore at Indian Harbor. N. 8., is discharging
her cargo at Halifax.
Divers report her bottom undamaged; she
has a leak in her ballast tank, but the vessel can he easily kept
free. Two thousand bales remain on board the steamer and 2,000
bales were lightered, which are arriving at Halifax daily endam¬
Obanobr,
Dec. 23,
aged.
Cotton freights
the past week have been as follows:
Satur.
Mon.
\
Liverpool, steam d. B32® *4
sail ...d.
Do
Havre, steam—c.
sail
Do
Tuts.
Wednee.
Thun.
®32® *4
B32®l4
®32®H
•
|
c.
Bremen, steam, .c.
Do
sail
e.
7lt>
Hamburg, steam.*/.
7IS
...;
sail...*/.
Do
Amat'd'm, steam.c. 12®9IS
sail ...*/.
Do
-
•
*
....
....
38
*8
,J8
d.
....
l?92i0
*S#916
....
....
....
38
88
•
c.
....
....
—
....
....
Compressed.
Liverpool.—By cable from Liverpool, we have the following
statement of the week’s sales, stocks, &e., at that port:
bales.
53,ooq
48.50(1
Of which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Oi which American
3,400
3,8(M
3,HOC
35,5s OO
Bales of the week
4,106
Dee. 30.
Dec. 23.
Dec. 16.
Dec. 9.
76,000
9,500
43.500
7,300
1,500
1,510
55,000
34.000
9,800
2,800
505,00(1
8,000
467,000
7,200
471,000
12,000
11,000
391,000
374,000
344,000
140.00(1
41,50(4
59.000
116,000
193,000
28,OOC
39,500
16.000
9,400
141.00Q
244,000
194,000
484,000
280,000
351,000
80,000
57,000
292,000
227.00q
230.000
27,50(1
for spots and futures each day of the
ending Djc. 3 J, and the daily closing prices of spot cotton, have
The tone of the Liverpool market
week
beou
as
follows:
Spot.
Saturday Monday.
l
j
r.M
!
Friday.
8t«ftdy.
Quieter.
Sales
6nlfl
613ie
6ri16
8,000
12,000
12,000
10.000
1,000
1,000
1,000
1,00C
6l3i0
K
C3
'd
Quiet
Flat.
steudy.
Barely
•
Dull.
steady.
Weak.
Dull.
8ATUUDAY,
Monday,
| Holidays.
d.
v
6®8
65a
Dec.-Jan
Jan.-Feb
62132
Mar.-Apr
0%
Apr.-May
6i3le
-.62732
May-June
June-July
67s
62J32
Peo—■
d.
Delivery.
Dec.-Jan
Jan.-Feb
Feb.-Mar
May-Juue
Mar.-Apr
Apr.-May
'
d.
Delivery.
621.32
6H15
June-Julv
62333
67g
6263a
62732
Dec
Jan.-Feb...
6Ui0
Dec
Apr.-May... 62532® 1316
62732
May-Jui*0
June-July
67a
Dee
Deo.-Jan
Jan.-Feb
62I30
...62i32
62132
Feb.-Mar
62332
July-Aug
Mar.-Apr
634
Dec
Indian
has met with
corn
62132
62i32
Dee
Jan.-Feb
Feb.-Mar.
..623.329lli6
Aug.-Sept.. ......7
fair trade, upon
6i»ie
6H16
Aur.-May.. 6i3ie92632
May-June
62738
June-July
67*
Mar.-Apr..
Apr-May
May-June .
..
6L*ie
62733
Dec.-Jan...
enw
Jan.-Feb...
Deo
Deo.-Jan...
6U16
62132
621*
Jan.-Feb...
May-Jnne. ....;..6i316
July-Aug..
Jan.-Feb...
658®2132‘®58 Apr.-May
6^32
Feb.-Mar
'S>58'@ iy32
62132
Mar.-Aprtl
6ri16
62832® \
^82
May-Juue
Juue July.. fl2782#i81§
July-Aug
6T§
Deo.-Jan
a
which prices have slightly improved, although
Flour.
No. 2 spring... $ bbl.
No. 2 winter
Winter supertine
Spring super tine
Spring wheat extras..
do XX and XXX...
Wis. A Minn, rye mix.
Winter slilpp’g extras,
do XX and XXX...
Patents
City shipping extras.
Southern, bakers’ and
family brands
South’n slip’g extras.
Rye flour, superfine..
Grain.
3
4
5
4
5
6
6
409
3 609
4 70®
4 25®
5 00®
5 509
0 00®
5 20 9
5 75®
6 50®
6 909
5
6
8
7
Wheat-
85
35
Western, Ac
Brandy v/ine. Ac
Buckw’t flour, 100 lbs.
Spring, No. 2,new
75
35
Red winter
Red winter, No. 2
White
Corn—West. mixed.
West. No. 2
130
67
71
9
*
72
yellow..
69
Western white...
72
9
9
9
9
9
72
75
98
52
53
1 26
.....
50
50
60
75
50
25
6 409 7 23
5 75® 6 25
4 60® 4 90
3 339
3 75®
3 559
®1 38
®l 28
®l 46
91 43*9
91 43
$1 20
Spring
00
Corn meal—
3 75
3 85
3 85
Western
1 42
130
93
43
Rye
Oats—Mixed
50
White
Barley—
Canada No 1....
Cauada bright
91 10
91 15
91 00
....
State, 4-rowed
State, 2-rowed
Receipts of flour and grain at Western
Dec. 24, 1881:
9
9
1 00
Buckwheat
(From the “ New York Produce Exchange
85
....
Weekly.”)
lake and river
p »rts
for the week endiDg
At.
Toledo
Milwaukee....
Detroit
Cleveland
St. Louis
Flour,
Wheat,
Corn,
Oats,
Barley,
bb*.
(196 lbs.)
37.054
bush.
bush.
bush.
bush.
(56 lbs.)
614,028
3,570
(60 lbs.)
147,109
42.554
314,640
56,5 Is*
4,275
35.898
1,735
1,017
.
57.662
.
8.969
.
.
.
Peoria
72,643
11.575
17,467
132.471
17.400
336,005
14,225
306,700
Rye,
bush,
(32 lbs.) (48/5#.) (56 lbs )
549.721 171,648
7,712
......
70.010 117.600
22.030 28,677
29 671
334
19,672
599
225
139 692
6,006
8 6, ISO
5,832
105,550
23,100
23,25#
18,600
Duluth
....
..
711,989 1,375.816
145,975
202,432 1,038,200 1,570.129
Total receipts at same ports
913,315 43\211 79,583
599,472 *19,456 54,991
from Dec 27, 1880, to Dec. 24,
1881, inclusive, for four years :
1880.
7,005,514
1879.
187*.
7,943,690
5,821.015
54,328,004
86,148.567
93,649 898
1 07,525.847
90.095,853
92.574,547
Oats
41,269.099
11,412,987
150.471,156
39,156,897
30,4o5,322
30,oil,101
10.183.558
9,972.627
228.190,78#
3,663,782
3,854,160
10,291.286
4,731,927
Total grain.... 240,609.041
289,814.338
251.687,280
Barley...
Bye
5,016,652
Comparative receipts (crop movement) at same ports from
August 1 to Dec. 24, inclusive for four years:
‘
1878.
1880.
1879.
Floor.... ...bbls.
3,585,799
3,736,152
3,198,751
bush.
24,904,581
59,032,055
56.088,864
41,667,530
13.433.255
40,067.395
15,815,485
53.196.813
60,788,908
21,129,485
7,877,82 2
58.296.013
Com
1881.
623m
Oats
6^8
Apr.-May
Juno-July
6*33j
6273f
Barley...
Rye
.
1881.
8,703,950
129,935,169
Wheat...
Feb.-Mar..
Apr.-May.
..bbls.
Corn
Wheat...
Friday.
Jan.-Feb
demand and
supplies coming forward compare very fairly with former
years, showing some falling off, it is true, but not so much
relatively as prices have advanced. To-day the market was
strong, but closed dull; No. 2 mixed, 72%@72%c. for February
and 73%@74c. for March.
Rye, barley and barley malt are without new feature.
Oats have had a slow trade, but the speculation has been
quite brisk, carrying to-day a further advance in prices; No. 2
graded on the spot 5lc. for mixed and 51^c. for white ; also
for February and 51 %c. for March.
No. 2 mixed
The following are closing quotations:
Flour
6% 0-2332
Mar.-Apr
active speculative
an
-
Thursday.
To-day the market opened better, but lost most of the early
advance ; old No. 2 spring sold at $1 36% in store, No. 3 red
winter $1 45%@$1 45% for February and $i 47%@$1 48 f#r
Total
Wednesday.
Dec.
foreign advices, caused some increase in the export
Current supplies are slightly increased but still
remain comparatively small. The upward course of prioes has,
however, been fltfnl, and feebly sustained. There is an almost
entire absenee of offerings of geod grades of spring wheat.
demand.
Same time ’80.
TUE8DAY.
Delivery.
was
better
Chicago
The actual sales of futures at Liverpool for the sam • vo-ik are given
below. These sales are ou the basis of Uplauds, Low .diddling clause,
unless otherwise stated.
Dec
Thursday; but thd local trade
on
small.
6-3i0
Dull.
but
Firm.
£
{
export
To-day the market was quiet, but prices generallyfirm, except for rye flour and buckwheat flour.
The wheat market has shown a slight upward tendency.
There has been a demand te eover speculative contrasts, whieh
had some influence. Low* ocean freights, and finally rather
very
HH
p.m.)
5 P. M.
ter business for
M
*{
Market,
important changes in values. The bad weather for trade,
added to holiday influences, has held the demand in oheck.
Some redactions were made on Wednesday, which led to a bet¬
O
O
Futures.
Marker,
6JJiC
bls16
6Hlft
..id.Upl’ds
Spec.&exp.
Firm
Steady.
•
**i...(JiTns
12:30
Thursday.
-
Market,
12:30
Wednes.
Tuesday.
me
....
1S®9I0
....
doing in the flour market, and
March, closing at inside prices.
71S
716
•
....
Baltic, steam
Do
sail.
....
....
....
•
*389^4
7lfl
716
7I0
Pri.
....
.
....
....
0
.
.
716
716
CG
'C
....
.
1
1333*
1832*
1332*
1»33*
....
....
....
....
Fbioat. P. M.. December 30, 1881.
to vessels
..
Total grain....
2,664,395
2,461,806
7.852.549
2,822,386
109,838,215
145.454,864
124,071,733
7,421.699
2,824,3*6
16,859,98#
7,041.776
957,34*
121,015,35
752
THE CHRONICLE
[Vou XXXI1L
—
Comparative shipments of flour and grain from the same
pons from Dec. 27, 1880, t > Dec. 24,1881, inclusive, for four
years:
1881.
8,502,496
6,009,741
7,462,551
68,647,770
126,155,292
77,598,914
65,574.366
79,014,652
4.304,279
2,339,416
84,60 4,268
21,350.828
5,611,127
3,104,329
4,079,303
3,729,865
197.769.870
233.643.273
193,244,445
175.302,406
bush.
47,584.917
Corn
Cats
109.599,704
33,342.960
4.902.873
Barley
Eye
Total grain
....
1879.
1878.
6,164 351
Flour
Wheat
1880.
31,436,609
21,950.103
5,393,415
Kail shipments from Western lake and river ports
for the
weeks ended :
Floor
bills.
Wheat
Corn
Oats
3 880.
11 eek
Week
Dec. 25.
I)ce. 27.
1378.
Week
Dec. 28.
181,319
153,736
101,351
353,227
199,107
676,103
466,905
.131,975
44,382
445,193
156,719
458.597
425fd»iD
165,713
8 4,036
111,309
bush.
Barley
1881.
•
*
21 5.019
938,399
386,414
146,391
42,657
.
Rye
Total...
1,730,230
Kail and lake
Week
shipments from
Flour,
1879
Week
70,525
38,330
1.677,592
918,954
Corn,
bush.
bush.
bush.
216,866
252.121
228.655
1,001.9 19
1/...124.311
10... 122,643
1.131,324
387,230
311,922
365,536
3...121,034
305,275
1,322,206
235.993
Tot.,4 wka.479.347
.4w’kB'80..867,992
1,002,917
1.106,964
ools.
24... 111,309
Dec.
Dee.
Dee.
1,149,2 55
Oat's,
922,915
Bar ley,
bush.
3,373,89 4 1,350.731
2,329,308 4,711,313
42,657
45,-73
-
31.563
59,712
685.616 179,210
3 46.909 194,090
Keeeipts of flour and grain at seaboard ports for the week
ended Dec. 24:
Flour,
At—
New York
Boston
bbls.
91.016
.....
Philadelphia...
Oats,
bush.
209,990
29,459
124,825
306,700
6,738
12,212
155,597
20,391
Baltimore
New Orleans...
Corn,
bush.
156,642
46,030
99,164
4,450
45,000
153,930
38,614
10,000
6,235
Portland
Montreal
Wheat,
175,595
9,500
Total week... 202,933
517,428 •982,207
Cor. week ’80.. 303,866 1 ,226,670 1,163,491
•
bush.
78,641
76,140
3,800
8,700
Rye,
bush.
bush.
51,700
22,008
17,958
60 »
1,000
48,400
10.000
3 7,240
1«31.
bbls.
Wheat
Corn
Oats
bush.
12,445,373
273.171 130,103
235,563 139,520
....
1S79.
86.443,66 4
102.664.008
20,584,652
5,595,015
2,126,015
123.832,560
138,179,709
225,413,354
293,953,853
Barley
Bye
Total grain
1880.
11,297,146
23.250,779
5,913,914
2,731.896
goods, Marseilles and crochet quilts, piquas and
19.558
35,350
1373.
11,124,735
9,835,732
161,127,483
108,629.270
103,03o, 156
24.198,505
105,408,659
21,995,917
6,325,663
4,702,213
6,247.303
5,310.0 9
302,860,145
247,424,419
The visible supply of grain, comprising the stocks in
granary
at the principal poiuts of accumulation at lake and seaboard
ports, and in transit by rail and water, Dec. 24, 1881,
follows:
bleached and colored cottons
week.
was
Wheat,
bush.
Du. afloat (est.)
stocks
well conditioned
are
Buffalo
Chicago
Milwaukee
Corn,
Oats,
bush.
bush.
5,537,700
691,666
579,000
28,000
1,500
93.000
29.500
661.911
287,812
5,306,593
2,102
14,051
3.324.796
908.739
,
Duluth
Steledo
Detroit
797,319
15,479
308,909
1,040.295
635.493
165.000
768.931
Oswego
St. Louis
Bostou (L7th)
Toronto (17th)
Montreal (15th)
39,639
....
goods remain steady and
per
Print cloths
were
cent for 61x61 “spots,”
bid for 56x60s. Prints,
were
severally in limited
request, and cotton hosiery ruled quiet.
Domestic Woolen Goods have been
quiet in demand, but
agents continued to make fair deliveries of
meres,
light-weight cassicheviots, suitings, worsted coatings, etc., to th*^ clothing
made at first
a
Some
inquiry has been
hands for
few orders have
heavy clothing woolens for next fall,
already been placed in exceptional cases;
but agents are not as a rule
prepared to show
new
autumn
styles as yet.
Overcoatings and cloakings were mostly quiet,
Kentucky jeans and satinets moved slowly and in small
parcels. Flannels and blankets were ill limited demand, but
prices are well maintained and stocks are in good shape.
Worsted dress goods, shawls and skirts were lightly dealt in
by package buyers, and jobbers’ sales were strictly moderate.
Foreign Dry Goods have been very quiet in first hands, and
the jobbing distribution was of limited proportions. The most
staple dress fabrics, silks, linen goods, &c., rewain steady in
price, and stocks are generally in pretty good shape, and by no
excessive.
means
I
-
rup'irtatloiiM of Dry Cioodm.
The
importations of dry goods at this port for the week
ending Dec. 29, 1881 and since January 1, and the same facts
for the
was as
210.159
17,762
corresponding periods of 1880,
Peoria
Indianapolis......
369.6uO
Kansas <;ity
Baltimore
57.000
10,059
395.324
99,048
160,000
853,411
700,708
14.964
40.000
124.652
101.969
3,523
75,736
87,24 0
3,973
3.0 -so
2 41.331
12.030
59,578
23,163
35,896
3,633
152.330
18.300
947
03.350
866
562,966
1.550,999
452,914
Down Miss’pi
On rail...B
bush
159.062
lsl.OOo
25,404
900,000
1,913.301
419,359
bush.
85.071
300.200
196,000
328,320
291,09 2
241.741
.
3,071
135,502
Philadelphia
Ryt,
36,821
•
54,015
564.656
138.263
1*8,700
133,264
965.523
..
Barley,
are as
follows:
co
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ry
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w
time; past, shipments having been deferred in many
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-
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low
on
r-
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CO CO
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c
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c o * Ci co
domestics, prints, dress goods, &e., was made by leading
jobbers who make a point of closing out their open stocks at
stock-taking.”
OCO
c.
condition of the weather; but a considerable distribution of
process of 14
OO r-l
—^
t*.
Friday, P. M., December 30, 1881.
prices In order to simplify the
r-
iC
V
C - CO X Cl
C ,T C l Xj
cr
TRADE.
eeedingly light with the package houses, and the general
jobbing trade was decidedly quiet because of the unfavorable
o Co
KO
1-
Tl'/
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dry goods market has been dull and uninteresting the
past week, as usual at the end of the year. Business was ex-
X Cl O C Jb
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g
1,317.978
The
KO
H*
KO
»OC5
—
Cl
t — c 4 cr.
873,360
KO CO
*
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tO
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r-
CliC*?r-nt
‘
1 ,232.0 41
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1.399.000
’"T
CJv
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DRY
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Tot. Dec. 24, ’81.. 17,924,617 17.382,227 2.754.109 2,892.101
Dee. 17,’81
18,246,598 17,932,268 2,589.090 2,854.027
Dec. lo,’61
18.503.725 13.399.904 2.710,017 3.124.265
Dec.
3,’81
18.370,127 18.817,521 2.820.045 3.165.974
Nov. 26, ’81
19.816.284 2u.634.056 2.912,lc6 3.339.0 27
Dec. 2.5, ’SO
30,007,418 10,921,123 3,859,691 3,185,241
THE
CO J. CO 1 '•
r<cir.co
r. co on- r h (X C. tXO
JO
—
176.355
...
122,394
412,596
13,837
some
light throughout the
the rule.
as
ginghams and cotton dress goods
-7
4,960.296
527,200
Albany
for
very
Prices of the most desirable
=
In 8tore at—
New York
«
few other
a
specialties for the spring trade, but the demand for brown,
and
Total receipts at same ports from Dec. 27, 1830, to Dec. 24,
1881, inclusive, for four years :
Flour
exports since January 1st 138,625 packages, against 117,956 last
year and 123,910 in 1879.
There was a fair business in white
and
8,000
53,650
exports of cotton goods from
during the week ending December 27 comprised 2,659
packages, of which 1,182 were shipped to China, 651 to Great
Britain, 286 to Brazil, 144 to Mexico, 140 to United States of
Colombia, 79 to Venezuela, 66 to Hayti, &c.—making the total
trade, in execution of former orders.
Barley,
are
this port
bush.
146,891
180,903
168,705
139,117
are
Domestic Cotton Goods.—The
4c. cash for-64x64 “ futures” and 3/2C.
1lye,
^
-
opening of the new year. Prices
without quotable change and all the most
staple fabrics
firmly held in first hands.
quiet and steady at 4c., less one-half
ports for last four weeks:
s
Wheat,
ending—
Dec.
15,314
-
until after the
cases
£
nt
s
W
H
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•
•
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•
•
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