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1
HUNT’S
MERCHANTS’
S
MAGAZINE,
HkMnsjnipe*,
representing the industrial and commercial interests op the united states
[Entered, according t-o act of Congress, in tbe year 1883, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.J
VOL 30.
SATURDAY, FEBRUARY JO, 1883.
CONTENTS.
THE CHRONICLE.
Ellison & Co.’s Annual Review
Hr. Retford on the Silver
of the Cotton Trade for the
Dollar
119
■flie Financial Situation
150
Season 1882
157
railroad Earnings in January 152
Foreign Trade 155
Monetary
Money Market. Foreign Ex¬
change, U.8. Securities, State
Quotations of Stocks and Bonds 165
and
Commercial
The State of On
English News
160
Reconstruction in Egypt
150 j Commercial and Miscellaneous
Imports and Exports for DeI
162
News
cember, 1882, and for the
|
Six and Twelve Months End¬
ed Dec. 31, 1881 and 1882.. 157 |
THE BANKERS’ GAZETTE.
Bonds
Railroad
8toeka
and
and
163
Kange in Prices at the N. Y.
Stock Exchange
161
THE
New York Local Securities
166
Railroad Earnings and Bank
Returns
107
investments, and State, City
171
to
believe
1 Dry Goods
178
have not in
us
to the political part of
sufficient of the politician
as
that
anything but sound economic doctrine
good party policy.
So far as we are able to
read the political history of the
country for the past ten
years at least, we seem to be justified in saying that the
party in power has been kept there and clung to, in spite
of its faults, simply because of its better, safer views on
financial subjects.
Even taking the West as an illustra¬
tion, when the party weakened on these points in Ohio at
168
177
however, that,
is
one
and Corporation Finances..
COMMERCIAL TIMES.
171 I Breadstufts
Commercial Epitome
Cotton.
We would say,
the interview, we
NO. 920.
time, did it not lose?
Then when it showed
nerve
again and openly fought against the heresy of the day, did
it not triumph?
In fact, so long as, and whenever its
financial views
have
ceeded?
now,
been
pronounced, has it not suc¬
with its leading statesmen shilly¬
Tm Commercial and Financial Chronicle is published in shallying in the presence of vital issues, and to an extent
New York every Saturday morning.
even
coquetting with this silver error, is not the party
i Enteredatthe Post Office, New York, N. Y., as second-class mail matter.]
paralyzed there and elsewhere, and a kind of dry-rot
The ©hrcruiclc.
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william B. DANA. )
o. FLOYD,
j
is 18
WILLIAM B. DANA Jk OO., Publishers,
79 & 81 William Street, NEW YORK.
Post Office Box 958.
MR. BELFORD ON TIIE SILVER DOLLAR.
The whole country knows by
this time that the House
Committee
Coinage, &c., by a vote of 7 to 2, have
adopted, and Mr. Be!ford, of Colorado, yesterday re¬
ported to the House three
resolutions—(1) pronouncing it
inexpedient to discontinue silver coinage; (2) favoring
tlie issue of all coin
(silver and gold) in the Treasury over
on
and above 25
per cent of
the greenback circulation,
ex
cepting of course the amount held against outstanding
gold and silver certificates;
(3) recommending that new
vault-room for storage of silver dollars be located in the
Mississippi Valley.
This much is well known, for it has been
everywhere
published.
But the
reasons
for
the Committee’s
action
are
probably less widely understood. We are greatly
pleased therefore, to find in one of our
leading daily
journals a brief
summary of Mr. Belford’s views given
by himself; for in the position he
stands, those views are
representative, not personal, and we desire to help circu¬
late them with
some additional
facts
mostly official which lie omits, since
and
statements
together they
.
us 80 Nearly
to lead
one
of that he has
reached.
to
a
But
destroying its life and energies?
And yet Mr. Belford claims that he is
speaking as the
champion of “30 millions of people in the Mississippi
Valley who furnish over one-third of the cereal produc
“tionsof the country,” and “who will combine at the
polls to secure to that section a quantity of currency
“adequate to its business requirements.”
He does
not
stop to tell us what is
an
adequate sup¬
ply, or how his policy of heaping up silver
dollars in the Treasury will increase the
supply, or how
the producers of those cereals are to be benefited
thereby,
and therefore interested in his plan.
That there is no
dirth of currency now is a fact too patent to
permit o
argument. Every one knows that business is less active
than it was a year ago, and therefore tRat there is
really
less use for currency now than then.
And still during the
twelve months the amount lias' gone on increasing,
until
to-day our actual currency, without including trade dollars
or
fractional silver, has reached the enormous total of
$1,422,373,622, or an addition during the twelve months
of about 33 millions, and an addition since
January 11
1879, of 473 millions, as may be seen from the following*
“
“
We make
mention
no
cates, because
we
in this statement of
include in
one
silver certifi’
item the total coinage of
standard silver dollars.
Circulation
Goldin
tn
unitjk* States,
Treasury, less gold certs, issued..
Feb. 1, 1883. Feb. 1, 1882. Jan. 1, J879.
Gold in banks and circulation
100,540,89-1
405,510,541
Sliver dollars coined
135,405,080
Gold certilicates issued
72,1770,940
S40,081,016
301,459,151
Legal tender notes
National bank notes
Totals
appear
conclusion the very oppo-
When
no
we
159,964,008
408,000,000
108,000,000
5,188,120
340,081,010
301,663,805
891,420
346,681,010
323,791,074
1,422,373.622 1.889.407,609
948,882,816
remember that in and previous to
gold and silver
currency,
134,991,319
143.027.4S7
and that
our
had
entire circula1873
we
THE CHRONICLE.
160
legal tenders (the amounts on June
30,1873, being 356 million legal-tenders and 317 millions
bank notes, reaching in all only 703 million dollars), it
certainly does seem as if Mr. Belford would fail to make a
very strong case for the purpose of enlisting the sympathy
of these “30 millions of cereal producers.”
If our people
could prosper and increase in wealth, as was apparently
the case during the years previous to 1S73, on 700 millions
of currency, and if they could enjoy the marvelous
activity of 1879 and 1SS0 on 950 millions of currency,
most surely 1,400 millions now must be an “adequate
supply.” At least the public (not excepting the “'30 mil¬
lions of cereal producers”) will so consider it until the
Coinage Committee can furnish some pretty substantial
reasons for a different opinion.
But what we fear, and what others who think with us
fear, is that Mr. Belford’s policy will in the end cause a
very severe contraction of the currency, and further will
result in actually depriving our farmers of a considerable
portion of the price they would otherwise receive for their
produce.
The contraction must come whenever gold
tion
was
a
waits
never
for demonstration and
never
advertises its
alarm at the least suspicion of
movements, but takes
a silver basis will
be as sudden as an electric flash when the required con¬
ditions are reached.
And what a vioient contraction that
So in this
danger.
case,
the drop to
produce, to have the entire 580 millions of gold
our circulation in a night as it were!
No
man can
fix the date of the event, but with the present
forces continued, it is as inevitable as death itself.
Yet
that is the risk that Mr. Belford proposes his friends in
the Mississippi Valley and all other business men of the
would
taken out df
-
land shall
The
these
But
run.
silver
dollars,
they are
these. “30
upon
results then
disastrous
one
can
of
continuing to coin
scarcely over-estimate.
bear wTith peculiar severity
millions of cereal producers,” for
sure
to
after the event feared has been
reached, the price of
the wheat and cotton the farmer raises will be regulated
by the silver dollar, since values to him are determined by
even
which he sells in Europe, where
produce a silver dollar instead
of a gold dollar; whereas what he buys will much
of it have to be paid for in the gold currency of Europe.
This only illustrates at what a fearful disadvantage
the country would be placed among the nations of
the world through such a change ;
but the losses
are
so
evident that it is unnecessary to dwell upon
the
surplus of his
crop
he consents to take for his
them
course
Mr. Belford and his friends will make
.
interested
Almost
all
or
else better informed.
SITUATION. !
change to note in the situation this
interests
continue
to
week
extent
an
disturbed
by the agitation of tariff revision in Congress, by the
neglect to decrease taxation, and by the determined oppo.
sition which is manifested to tlie
suspension of the coin,
of the silver dollar. Congress appears disposed to
give no heed to the warnings of the press, or to the sug.
gestions either of the Secretary of the Treasury or the
Director of the Mint, and it now seems probable that this
coinage will progress until silver further displaces gold in
the Treasury, and serious trouble follows.
It has been
suggested that the revenue and the tariff measures may
meet with prompt solution towards the close of the
present
session, by the passage by the House of the Senate bill,
provided that measure gets through the upper branch of
Congress. Such a course would be practicable, and if
pursued would doubtless have a quieting and perhaps a
decidedly exhilarating effect; but unless something is done
to curtail the coinage of silver, the improvement
resulting
from the settlement of these revenue questions can only
be temporary, perhaps giving reins to a wild speculation
ending in larger 'imports of merchandise, corresponding
exports of gold, and then a forced facing of the issue
whether we will choose silver or gold, but with very little
option left us in our choice.
If we could only hope for wise legislation by the pres¬
ent Congress regarding both the revenue and the finan¬
ces, and especially' the latter, the future would indeed
Our relative position in
appear ^extremely promising.
the commerce of the world is just now remarkably satis,
factory, especially joined as the present is with a future
prospect equally bright.
No country has the chance
that we have, but our very resources may prove of ir
calculable harm, since they enable us for a time to dis¬
regard with impunity economic laws ; this sense of se¬
curity thus encouraged being our greatest danger. The
December returns of our foreign trade, issued by the
Bureau of Statistics this week, and elsewhere commented
upon, bear out these suggestions.
They indicate an ex.
port for one month of about 93 million of dollars, and
yet prices were all very low, and the movement of corn
and provisions by no means equal to that of 1881 or of
previous good years. That our readers can have the
whole movement by months in convenient form, we give
the following statement covering four full calendar years.
age
FOREIGN TRADE MOVEMENT OF THE UNITED STATES.
Excess
Year.
Exp'rts. Imports. of Ex¬
ports.
1879.
Jan
Feb
....
ilarch
April
.
..
July
Aug...
Sept...
...
'
Silver.
$
*
Ex~
Im¬
ports.
*
1
Excess
of Im¬
orts.
ports.
t
$
Ex¬
ports.
%
1,313
1,888,
25,394
29,455
275
S46
137
115
22
41.857
188
77
111
51 342
42,136
24,298
12,200
171
428
♦257
16,970
6,205
185
350
*165
143
1,439
’1,206
9,644
252
350
•98
874
15,598 6,723
21,219 27,528
39,945 19,179
28,837 17,424
21,277 6,563
351
6,372
1,479
1,099
1,207
1,001
2047
45,095
50.932
Nov....
65,444
87.734
79.304
Dec..
80,880
Total. 765,100
35,370
3S,S90
41,2S8
43,083
44,225
47,789
50,407
59,003
3
513.003 251,557 78,768
♦71
27,396
18,893
106 17,318
135
6,428
132
2:6
r
$
33,515
35,374
-
< Exe'ts
Imr of Bxvorts., fort*.
1,911
2,210
2.684
3,145
2.143
1,600
$
59.409
64,829
66 105
58,081
Oct
(0003 Omitted.)
Gold
Merchandise.
June...
light
of this danger.
We all remember the occasion when, as
report goes, Nero fiddled. We suppose it is possible in
this case that the country should be speeding on with an
accelerating velocity toward the end of this disastrous
experiment, while the silver mines monopolists are looking
on
complacently enjoying their profits.
The Colorado
Congressman closes his interview by saying that his
friends are men of pronounced opinions.
To be sure they
are, and so long as the Government will make a market
for their wares they will continue to be.
The only ques¬
tion, however, worth considering is, whether there are not
other men in Congress equally pronounced, but less
Of
There is little
May....
now.
FINANCIAL
TIIE
bank notes and
premium compared with silver, and that will
happen just.as soon as these silver dollars become suffi¬
ciently numerous to weaken in any degree faith in the
Governments power to redeem its promises freely in gold.
Capital, as all know, is desperately timid and sensitive. It
goes to
VOL. XXXVI.
$
937|
940
1,426
1,434]
1,031
1,043
834]
1,043
1M
072
1,403
4,115 74.653 21,709 14,423
1880.
79
220
£09
465
150
315
1,102
1,120
892
1,167
*275
843
107
89
78
327
321
106
18
1,599
541
107
714
62
1S2
659
91
9.055
520
81
18,700
485
170
47,1031
47,375
048
11,017
244
13,711
10.928 9,140
17,997 18,847
31,603 16,250
35,900 9,555
51,515 16,5G6
16,086
9,334
16,347
2,654
1,000
1,86/
SS9.6S3'6D«807:
192.870 73.045
Nov....
66,997
59,957
77,351
70,560
65,660
72,132
71,016
67,103
71,220
85,087
83,008
Dec..
98,800
J OJl
Feb
....
March
.
April
May....
..
June...
July
...
Aug....
Sept....
Oct
..
Tof a!.
*
55,208
55,6/8
70,887
74,366
64,877
60,515
57,305
56,205
53,229
54,024
Excess of exports.
11,789
4,300
6,404
+3,806
789
221
159
3,083
+ Excess of imports.
70.582 12.083 11.6321
1,534
+41
583
liss
February
VI.
10, 18S3.J
THE CHRONICLE.
Merchandise.
Ytar.
Gold.
Excess,
Im¬
Exports. Imports. of Ex¬
ports.
ports.
Nor—
74,079
67,734
8«3>r09
70,885
64,140
63,450
63.034
67.515
62,491
6S.019
70,071
Dec....
77,003,
Jan
Feb..-
March.
April..
May
-
June...
July.Aug.—
Sept,.-Oct
$
45,385
47,700
60,709
59,179
55,504
58,521
52,423
61,731
55.714
58,989
56,057
5: ,337
Ex¬
ports.
$
28,794
$
4,740
19,974
Silver.
Excess
of Im¬
ports.
8
$
8
770
1,869
2,034
1,779
1,36S
1,480
1,085
1,04?
1,388
811
558
850
1,184
501
1,213
1,198
1,250
655
543
752
504
57,735 17,003
8,596
8,467
015
701
322
017
*295
751
112
039
Total 833,549 670,209 163,340 C 0,399
$
950
8,030
4,529
10,011
5,784
8,295
3,059
2,729
$
1.720
.7,^07
179
5,248
14S
177
10,513
97
8,118
2,902
108
2,021
2,004
040
723
671
815
583
452
733
314
433
955
1882*
jan
Feb....
March.
April..
May....
June...
July....
Aug....
Sept ...
Oct
Nov....
Dec....
64,921
56,007
62,014
7.905
56,950
+2,220
58,M2?
+5.990
68.004
+ 8,409
66,301
49.179 88,350 +19,171
62,090 + 11,012
65.801 + 11,186
65,719
+3.005
+594
63,409
71,548 61,439 10,109
55,180, 25,790
92,000' 59,502 33,458 ;
102
1,032
409
7.231
840
3,229
*9,702
*2,389
551
2,343
*1,792
57,952]
20!
13.2S9 *13,085
257
5.572 *5,315
102
4,755
*4,593
425
1,807 *1,382
1,130
230
906
51,078]
54.018]
6-’,714]
62,815]
80,970]
Total. 767,973 752,841
*
1,134
524
1,018
031
921
621
900
1,05:
+1
Oil
1,107
1,327
1,050
817
510
420
1,230
1.48*
722
766
1,188
512
670
3,830
101
3,732
60S
277
331
2.242
53
928
218
1,727
1,171
+801
2,147
2,189
1 ,S99
1,790
13,403! 38.963 -25,500 17,9761 9,098
15,135
Excess of exports.
2,182
1,552
1,527
1,051
1,778
619
7.978
as
of the
70 millions net
these and the later trade
on
figures record (about
merchandise for three
months, with probablyagood balance for January also), has foreign exchange
ruled so as to prevent a movement of
gold to this country
from Europe ? There is
only one way of accounting for
it, which is that it is the working or natural action of the
silver coinage law and of the silver
certificate issues.
We
are
attempting to force into circulation side by side two
currencies, one worth 16 cents more on the dollar than the
other—the less valuable in
Redeemed ‘
But Not Yet
Matured.
of the power of the
peo¬
ple to absorb it—and the law is just as fixed as the laws of
theMedesand Persians that the poorer
will, under such
excess
$145,11*2,316
153,024,210
107,296
14
2,-08,33>
_
138.319,567
_
«...
119,583,665
...
-
.
.
121,512,719
139.507.283
134,979.472
148,530,516
...
January 2, 18^3..
February 1. 1883.
we
040,293
147,33 1,183
..
When
$8,073,474
141.077,17s
March 1, 1882....
April 1, 1882
May 1,1882...
June 1, 1882..
July 1, 1882
August 1, 1882.
Scj item her 1.1332.
October 1, 1682
November 1, 1382.
December 1, 1882
"
155,761,902
G,527.232
12,895,372
29,800,536
140,135,442
28,721.531
140,967,825
remember that
18,703,8 48
Actual
Balance
Available.
E>! 37,033,812
HO.43L.S85
152,916 923
147,334.183
142.208,881
138,319,567
119,583 6G5
121,512,719
139.507,288
128,452,240
135,635,144
125,904,366
111,403.911
122,203,977
large a part of these funds is
silver, and that the gold now held over and above the
gold
certificate issues is only about TOO million dollars
(or 125A
millions, after allowing for the gold certificates in the
Treasury),
so
one sees the need
for caution.
But on the
hand, if the Pension Bureau will really require
very
much less than the
estimates, so that the disbursements on
that account are not deferred
simply, but are not to be
called for at all, then the situation is
changed ; and it
seems to us that the
Government should make this
other
not leave it
point
subject for indefinite speculation,
uncertainty and disturbance in the
market.
During the week, Government bonds have been
active, the feature being however a sharp advance in the
price of the 4 per cents, stimulated by the recent call and
the possibility of further calls.
Efforts to purchase these
bonds showed that the
supply was quite limited ; but
reports that a tariff bill might be passed, and thu3 the
revenue
lessened, so that bond calls would be stopped or
made decidedly
smaller, served to weaken the price of the
4s again and make the
offerings more libera).
As to the stock
market, it has shown some slight improve¬
ment during
the week, especially in tone. The speculators
and
foregoing figures brings up the
question again why,with such exports and with such a result
in our favor
January 3,1682.
February 1, )832.
clear, and
+ Excess of imports.
An examination
Available.
IT. S. Bonds
ports.
308
15,333
Bal¬
ance
’of Ex¬
426
so
9,030
13,414
1 9,725
ports.
Nominal
Date.
xcess
951
101
„
Im¬
1.377
271
6 77? 10,061
Ex¬
ports,
4,710
579
5,427
'
80
21,300 7.10S
11,700 15,352
1,316
151
for
a
a
source
a
of
decline have been less demonstrative in
their efforts to
force prices
manifested
downward, and within a few days they have
circumstances, crowd the better out. It may be asked, This is most disposition to settle their short accounts.
likely^ due to the fact that they find leading
how is this
being done ? We can only answer that the stocks
firmly held by their opponents, thus tending to
action of currency laws is too subtle to
permit of exact ob¬ disprove the assertion that the
leaders have been sell¬
servation or interpretation
except in results. In this case ing. Besides, it has become
more and
more difficult as
we can
perhaps trace the operation to an extent, for we the week has
advanced to borrow stocks for
know that it has been our
delivery.
plethoric money market that Some
proved the last obstacle
Ext'ts
of Ex¬
port*.
T
to
influx of
an
speculators
gold.
irreparable
when it
soe no
reason to
d the
*dl
change
Secretaiy
meet
has
the call
opinion then expressed, that
our
reason
when
judicious. Our
criticism,
w based
upon the
a severe lesson
on
Wednes¬
to
due,
An
influence
helping the late decline of many proper¬
in
earnings reported by AYestern
and Northwestern roads.
We give
to-day our usual
monthly review of earnings in another column, and from
ties has been
the loss
that it will appear that the loss is
confined to that section
believe that his balance almost
wholly, and that nearly all otner roaus reporting
his
action
is
clearly
show
a
surprising increase.
Besides, in the case of the
Northwest, St. Paul, &c., the
uncertainty in which the public is left comparison is with
remarkably full figures in 1882, the
regard to this and future action.
Every one inter¬ former (Union Pacific) showing in
red in the
January, 1882, about
Government bond market—and that
so
far
as we would
make any,
includes
W>t
Union Pacific
§600,000 in
and of
of
the
1881; consequently, the loss of
extent savings, life §200,000 this
all other
large institutions, besides all holders of trust better than in year still leaves the earnings $400,000
1881.
funds—would be very glad to know the actual
Altogether, the reported earnings
truth
as to
tore
give no encouragement to the idea that the roads will not
under the appropriations of last be able
to maintain their financial
y^r.
position. Negotiations
Certainly at present the Government balance,
though for the settlement of the differences between the
arger than on
telegraph
January 1st, is still low enough, as the fol¬ companies are
ding statement will show.
reported to be making satisfactory progress,
and it is claimed, also, that the Elevated
railroad troubles
only national banks, but
aQd
disbursements,
1.SS
taught
depress prices.
comes.
The discussion has continued
quite actively
tfeek, respecting the last bond call of Mr. during the
Folger, about
which we remarked at
considerable length last week. We
|648
were
But if that day, when they were
had not
existed, the condition would probably have cent forfeit for the compelled to pay as high as 1£ per
been met, and the same result
non-delivery of Lake Shore, and they
brought about through apparently heeded the lesson on the
larger merchandise imports, as it is
following day by
likely to be another avoiding speculative sales of the Vanderbilt
season if we are
properties.
again blessed with large crops. The The market
appears to be largely over-sold, and as it is in
poison will work so long as we
keep it in our monetary the power of the
cliques sharply to advance it at any time
system. Abundant harvests here and short
crops in Europe the speculators for a decline
may, temporarily at least,
may defer the end, but that will
only make the injury abandon their efforts to
wore
y,2T7
a
to
a
large
excess
THE CHRONICLE.
likely to be speedily adjusted. If these litigations are
settled, one of the causes for uncertainty regarding the
future of the stock market will be removed.
were
are
continues dull but firm. The
to be very urgent, but the
strength is mainly due to the scarcity of commercial bills.
One reason assigned for the absence of drafts from the
Foreign exchange
demand
does
not appear
[VOL. XXXVI.
The following will indicate
comparatively large.
the character of this
week’s return.
Into Banks.
Sub-Treasury operations, net...
Interior movement
Total
Oat of
Banks
-Vel Loss,
$3G.%399
1,214,uC(i
L$3G3,399
1.128,000
$1,128,000
$1,579,399
$-151,399
$
86,000
gain of iG‘280,000 bullion
for the week and £31,000 on balance on Thursday and
pended in consequence of the Mardi Gras celebrations in Friday; but the proportion of reserve to liabilities has been
tke principal cities.
If this explanation is correct we may reduced 1 11-16 per cent. The return of the Bank of
expect to see a better supply of bills next week, although France indicates an increase of 9,175,000 francs gold and
these may not be sufficient in amount to make any great
of 1,975,000 francs silver, and the Bank of Germany since
impression upon the market, for there «appears to be a last report shows a gain of 7,060,000 marks. The follow,
steady demand for remittance to pay for securities sent ing exhibits the amount of bullion in the principal
hither from Europe.
The negotiation in Amsterdam of
European banks this week and at the corresponding date
part of the Canadian Pacific scock will to some extent supply last year.
this inquiry, but we must depend upon liberal exports of
Feb. 9, 1882.
Feb. 8, 1883.
grain and cotton to aid in keeping the exchanges down.
Gold.
Silver.
Gold.
Silver.
Representatives of fore:gn grain houses report that while
£
&
£
A
they have not been bidding for our grain at the present
19,301.005
22.395,705
Bank of England
higher prices, they have instructions to advance the limit, Flank of France
39,072,689 13,302.426 32,257,113 15.352,209
and if our merchants are disposed to make slight-concessions Bank of Germany
6.753.250 20,259,750
7,498,000 22,49 4,000
they can find a market for liberal amounts during the Total this week
63,966,394 65,796,426 58,311,428 65,011,959
South is that this
week’s business has been partially sus¬
The Bank of
England reports
a
.
-
..
remainder of the season.
But such doleful accounts are
regarding the prospect of the grain crop in
Great Britain, while reports from the Continent are not at
all satisfactory, that speculation is encouraged at all our
grain centres, and the consequence is that the price is kept
relatively higher here than it is in Europe. Still, as noted
above, money is very easy in London, and European
investors and speculators might be encouraged, if there
was a decided improvement in our financial situation, to
take American securities, and in that case, unless imports
increase, the change in the course of exchange might be
decided. At the moment but little is doing in stocks and
bonds between here and London, and the following will
show relative prices at the opening each day.
sent hither
Feb. 5.
Lond'n
Feb.
8.
Feb.
7.
N.Y. Lond'n N.Y. Lond'n N.Y.
Feb. 8.
Lond'n
N.Y.
Feb.
Lond'v
88-10
Brie
2d
con.
96-91
119%
103%
37%
mi
119*43
103-85
38-22
9C-01
111. Cent. 146 34
145
146*82
N. r. C..
125 64
125
126*13
Reading
27-61 +
51
Ont.W’n
2629
St. Paul.
103*73
25%
102%
2727 ►
20-29
103*85
119%
103%
37%
mi
14 «%
12S%
5m
2‘%
103%
37 62
119%
103-%
37%
96-91
96
119-55
103 T3
NiY.
119%
119-55
119%
lf.8’24
103
103-12
103
37*74
37%
9632
37%
96%
96-32
90%
146%
127%
53%
25%
102%
14634
146
14610
143%
146-58
125\S«
125%
53%
25%
101%
125*76
125%
53%
25%
101%
121*34
2090*
25-93
102*7
2&(0\
2393
101-53
Exch’ge,
cables.
4-87
4*87
4-87
‘Expressed in tlieirNew York equivalent.
1 Reading on basis of $30, par value.
4-37
Assay Office paid $53,591 through the Sub-Treasury
domestic bullion, and the Assistant Treasurer received
following from the Custom House.
The
for
the
27 27+
26*05
101-51
4-87
Duties.
Date.
Gold.
o
Feb.
ii
$252,416.
373,398
457,709
539,534
3...
a
5...
$16,000
6,000
21,000
19,o00
72
01
00
08
a
6...
44
7...
u
8...
688,813 50
526,602 59
Total.
$2,838,503 93
JJ. S.
Gold
Silver Cer¬
Notes.
Certif.
tificates.
$13,000 $189,000
19,000
261,000
322,000
17,000
19,000 389,000
$35,000
87,000
33,000
26.000
521.000
16,000
28,000
416,000
97,000
112,000
109,000
06,000
$111,000 $122,00" 2,098,000
$506,000
over
of
of great
large areas, a
with
their
operations
diminished grain movement by reason
disinclination of farmers to
lute]
Lak<
Littl
Eittl
1/U12
Jtilvv
Mo. 1
Mia«
Mobi
Mctr
N.Y.
N,Y.
Norfi
Nortl
Oliio
..Ohio;
Peo'ii
Rich.
8t.L.
Do
8t. Lo
8t,L
8cioto
Texas
Tol. C
Union
Virgk
Wab.
l
To
Orego:
Gr
part
and very heavy
with for 18S2—with all these influ¬
produce at ruling quotations,
earnings to compare
ences to contend with, it seemed
exceedingly problematical
a few weeks ago whether January, 1883, would come up
to the record of the previous year. Yet we have now in the
aggregate not only better figures than in January, 1881,
but a rado of increase somewhat larger than in December,
when the movement of grain compared well with the same
Money continues in good supply at the Stock Exchange.
The inquiry from the interior is not at all urgent, and the
rates of exchange on New York at Southern cities are in
favor of this centre, while they are only slightly against
us at Chicago and St. Louis.
The withdrawals of whiskey
month in the preceding season.
in bond commenced on the 6th inst., but thus far there
To be sure, the increase i3 not so general as it was at
has been no extraordinary demand upon the Western
banks arising out of these transactions; beyond a doubt one time, and in a section of country comprising some
the effect of these withdrawals has been very greatly ex¬ the leading roads—the Northwest—a failing off in earn¬
aggerated. The Treasury operations for the week appeal ings is the rule rather than the exception ; yet this
to have resulted in a gain, which is a loss to the banks, of set by the marvelous gains made in another
Southwest—and loses its importance when we remember
$365,399. The following shows the interior movement.
that the earnings of the Northwestern roads are small on J
Received.
Shipped.
Receipts at and Shipments from N. Y.
by comparison with the very - large figures of
. $914,000
$1,090,003
belief has been gaining ground of late that the
Currency
38,000
300,000
Gold
decline in the prices of stocks and merchandise, whic
^
Total.
$1,214,000
$1,128,000
been in progress so long, with the very small margin
Last week’s bank return was made up on rising averages
profit on all business transactions, would with
for the Treasury payments toward the closer of the week year show itself in diminished railroad receipts;
Eliz
Eva
Flin
Gra:
Gr.;
Gull
Han
lllin
Ind.
fit. Pa
severity, interrupting traffic
bad weather and the
Cin
Cle
Col
Col,
Dei
Dee
Det
Eas
6t.Lo
8t.Pn
EARRINGS IN JANUARY.
January begins the new year in railroad earnings much
more auspiciously than there was reason to expect.
With
a
period of great quiet and inactivity in trade circles (in¬
volving a less active interchange of commodities and the
movement of a smaller volume of merchandise), snow¬
storms
Chi
Lout
Consisting of—
9.
119-55
3762
6S.19l.9S7 05.340.1081 54,596,174 65.302.557
previous week
RAILROAD
prices.* prices. prices* prices. prices.* prices. prices.* prices. prices.* prices
D.8.4S.C. 119*19
U.8.S%a 103-4S
Total
Chi
Chi
of
is off¬
section—the
1882.
extensive
then6^
hu i
that
t
cided
prisin
roads
Texas
Bacifi
fourtl
000,
S
to 0V(
These
and 1)
Texas
and t
have c
dent i
Part
o
restric
again,
but lit
meat
i
Fbbbuak?
THE CHRONICLE.
10, 1883.]
satisfactory to note that as yet there is very little evidence
of this, and that as regards passenger earnings, which are
usually the first to reflect any change of a reactionary
nature in the business conditions of the country, even the
roads of the Northwest still exhibit signs of improvement.
153
tended to all the roads in Texas
connecting with that
$42,954 on the Gulf Colo¬
rado & Santa Fe.
Without a decided augmentation in
the cotton movement such
heavy gains would have been
impossible, and we give below, therefore, our usual table
The following table shows earnings and mileage for each of the
receipts of cotton at each Southern outport, to show
road.
just
what
an influence it was.
GROSS EARNINGS AND MILEAGE IN JANUARY-.
Gross Earnings..
fame of road.
1883.
increase
of
Biu-1. Ced- Rap.
& No.
197,402
§27.413
Chesapeake & Ohio..
UuiOokU
cl
auvw
* • * • * •
Eastern Ill
■
i 31,096
.
113,20-
392,030
70,100
21,020
005,258
273,321
71,498
-
439,703
90,851
32,050
67,755
345
2,332
2,250
1,075
225
482
292
219
373
292
1,900
1,900
081
775
385
108
170
54 4
775
—15,272
+ 5,003
17,272
13,100
+ 10,220
+ 3.210
2.148
+ 148,889
+ 21.537
+5.900
+ 94,302
+ 2.862
+ 210.542
—
§132,900
—
107,228
00,950
23,108
510,300
250,781
-
65,592
395,401
38,615
35.753
534,529
323,987
80,002
1,732,000
530,31-4
1,963,000
1,307,783
1,229.965
•
+ 1 4,91+ 104.958
+ 50,932
-9,035
+ 51,410
+4 1,425
+ 14,919
140.607
183,322
37.053
123,454
900
130
144
+153.883
208,0 43
213,341
93,3 49
245,369
75,532
50,483
§119,800
87
220
—3,145
110
220
283
902
130
157
+ 5:,’,9 )0
+ .^9,107
+ 52,318
+ 100.915
+ 4,993
+17,758
+ 12,807
+ 7,003
+1 o0,4 i 3
+ 88
05,293
400,166
258,200
—10.171
—07
+ 20,657
1,002
+ 42,934
IjGl 527
552,070
159,070
210,008
174.237
260.083
322
1,100
—
22,000
121.593
554.049
290
+ 50,003
37,013
732,541
-3,800
+ 18,020
72,842
125,091
1,019,453
195,824
285,228
120,703
55,371
35,407
129,250
1,115,000
05,381
MctropVElev.(25 dvs)
days)
Wab. 8t. LouU A Pae
179.591
243,142
342,138
NY. Elev’d (25
Virginia Midland*....
28,71 2
50,210
113.701
1.090.981
2 5,501
1,053,020
..
8cioto Valley
Texas A Pacific
Tol. Cin. A St. Louis..
Union Pacific
2 4 2.HOT
47,330
53,071
Long Island
N.Y. ANew Engi’nd.
Norfolk & Western*..
Northern Pacific
Ohio Central
.Ohio Southern
:
Peo’ia Dee.AEvansv..
Rich. & Danv.*
8t.L. A.AT.H. m.iine.
Do do (branches).
St Louis & Cairo*....
8t.LIronMt. & So...
8t Louis A Sail Fran..
8t. Paul A Duluth....
8t Paul Minn. A Man
292,910
128,079
1,255,942
23,820
115.790
.
Jlilw. L. Sli. & West..
Mo. Kau. & Texas
Missouri Pad lie
Mobile A Ohio
08,700
224,025
363
144
+ 1.140
,C07
483.599
24.020
08,093
+ 5,011
-70,299
221
215,282
3,123
1,003
303
144
296
322
§33,000
1 4,455
4,405
3.580
1,170
-202,230
—24,700
-20,773
327,100
218,599
32,022
222,147
Gulf Col. & Santa Fe*
Hannibal & St. Jos...
Illinois Central V
Ind. Bloom. A West...
intend A Gt. North..
Lake Erie A Western.
Littleltock A; Ft.
Little Rk. M. R.&Tex.
Louisville & Nashv.
1,644,930
09.433
§30,187
089
385
241
303
520
847
240
335
620
303
214
308
430
847
240
335
4,104
.-1-1,700
+ 35,396
+ 52,004
—5,523
+ 74,295
—75,536
145,464
115,549
1,434.536
418,300
GrandTrunkof Ca’n.t.
Gr. Bay Win. As St. P.
-15,722
208.746
§29,800
..
93,031
§25,707
585,830
191,820
37,033
Denv. AKio Grande..
Dee Moines A Ft. !>/
Detroit Lans’g & No*.
Eastern
EastTeun.Va. A Ga..
Eliz. Lex. A Big. San.
Evansv.&T. Haute..
Flint & Pere Marti*
-5c,421
-J-46.518
244,142
283
318
.5 85
328
108
154
328
2,028
2,028
300
27 5
1,290
1,188
979
790
528
18
528
18
14
391
428
14
394
428
1,535
972
212
128
254
757
195
121
140
810
720
209
212
125
254
757
195
121
140
718
061
194
912
132
1,250
132
1,387
1,114
+10,569
5 05
440
—231 .000
+ 127
4,170
3,003
353
353
+7 7,813
3,51S
3,350
*
Total
L9,602.438 18,225,763 +1,370.675 47,430 43,277
Oregon R’y A Nav....
378,6)
—1 1,7 89
393,389
Grand Total
19,9.81,0
48.619,‘152 + 1,301.880
‘Three weeks only of
in
each year.
January
'For the four weeks ended
It needs but
„
,
a
cursory glance at these figures to see
that the Southwestern roads
are in the
van, and very de
cidedly so. The gains in some
prising. On what are termed
instances
the
really
are
sur
Gould Southwestern
Ino.... 65,043
Dec....
734
Inc.. ..150,940
Inc.... 23.002
Dec....
1,398
Dec....
1,173
Dec....
300
Inc,... 15,562
1,643
125,198
22,360
3,595
68,126
45.422
2,197
60,953
300
Charleston
48.005
3,558
13,551
3,330
79,014
10,734
4,008
13,404
0,946
58.888
21,392
001.509
400,878
Port
Royal, Ac
Wilmington
Moreliead City, Ac
Norfolk
West Point, Ac
Total
The
Difference.
38,8554
90 9
276,138
Brunswick, Ac
gain at Galveston
33,103
here is very
Dec..,.
450
Inc....
147
Dec....
3,616
Inc.... 20,726
Dec....
7,658
Inc ....260,691
marked, but there
is also considerable Texas cotton
included in the
at New Orleans, which
receipts
port, it will be observed, shows an
increase for the month of no less than
150,000 bales. Of
this increase, the New Orleans
Pacific, which at this time
last year was not yet
open for business, contributed about
25,000 bales.
Morgan’s Louisiana & Texas road
increased its quota, but it is
to that port shows a
and
also
significant that every route
greatly augmented cotton movement,
notably the Mississippi River and the
Chicago St.
Louis & New Orleans
Railroad, which in
the earlier months
conspicuous in this respect.
New Orleans road the
gain in earn¬
of the
crop year were not
On the
St. Louis &
so
ings resulting from this augmentation in the volume of
cotton
freight was very large—being estimated at about
$135,000.
The truth is, the cotton movement was
heavier almost all
over the
South, and to the Southern roads, which in so
many cases have to rely upon this
staple for their pros¬
perity, this is a point of great importance. At Mobile the
receipts have increased 23,000 bales, and the Mobile
Ohio, which last year lost so heavily in
of
the
small crop,
gain.
a
to
show
an
an
cases
active
some
three
heavy gains, which would seem
general trade—at least much more active
other sections of the
par cent,
increase of
an
country.
The Louis¬
increase of
$150,000,
the East Tennessae Virginia & .
Georgia
$50,000, or over 20 par cent, and
Norfolk
&
weeks
of
15 per cent.
Mobile & Ohio, also
very
Nashville, for instance, has
15
the
earnings by reason
year makes a corresponding
presumably are dependent-upon
smaller extent than the
make in most
&
this
The roads which
cotton to
or
.
Ac
1383 AND 1882.
1882.
104,4 93
Savannah
ville &
I Freight earnings o ily.
*i Alllines,
including Chicago St. Lams & New Orleans.
„
bales.
Now Orleans
Mobile
Florida
than in
January -7.
.
Galveston
Indianola,
65,074
037.894
139,941
189,844
1,359,000
1,382,700
302,700
—
CJiic.& Gr. Trunk}...
Chic.Milw. ASt. Paul.
Chicago & Northwest.
Chic. St. P.Minn. A O.
(kind. St. L. A Oil..
Clevo. Ak. & Col
Columbia A Greenv.*
Col. Hock. Vul. A 'i ol.
1883.
1882.
*
-
252,823
111.022
77.309
Central Iowa
Char. Col. A Aujnisttt*
:
RECEIPTS OF COTTON AT
80UTHEIIN POUTS IN JAN..
Mileage.
Increase or
1883.
Decrease.
1882.
$
fJhic.
witness the
as
1
’—"
State,
or
,
Western
the
an
month
increase
of
for
$15,000,
the
or
first
about
It is to be borne in mini that Southern
roads—embracing the Missouri Pacific, the Kansas & lines as a rule have no such amount of miscellaneous
and
Texas, the Iron Mountain, the International, the Texas &
general freight as Western roads, and hence there is no
Pacific, and the Central Branch—the increase for the
great room for any loss in this respect, while with an
fourth week of
January was but a trifle less than $400,. increase in that particular, earnings
immediately reflect the
000, and for the full month is almost
fact.
$850,000,
equivalent
Still,
we
find
that
some
roads
in the
to over 40
South, particu¬
per cent on the earnings of
January,
1882.
larly
those
that
drain
the
States
These roads
bordering on the Atlantic,
carry large amounts of cotton, both to the Gulf are
falling
a
little
behind
last
and North
year, which not being
overland; and the heavy yield of this staple in entirely explained
by a slight decrease in the cotton move¬
Texas, together with the excellent harvest of
ment at the Atlantic
gram,
&c.,
ports, leads to the inference that in
nnd the
consequent prosperity secured in that
this portion of the South
have combined with
sectiorq
general trade has not yet begun to
a somewhat freer
immigration move¬
ment
into the
territory, to swell their traffic.
part of the month
the
restricted,
movement of cotton
In the
was
early
somewhat
but in the latter*
part it became quite free
again, so that in the last
hut little less
than in the
ment was not
confined to
10
days the earnings increased
previous 21 days. The improve¬
these companies either, but ex¬
feel the effects of the
larger production of cotton this year.
If this is
correct, then the roads in that district should
show better results later on.
The Richmond & Danville
(reporting freight earnings only) exhibits a decrease
for the
first three weeks of the month of
$13,000, or 10 per cent,
the Columbia & Greenville road in
the same system
a like ratio of decrease
; on the other
and
has
hand, the Charlotte
THE
151
CHRONICLE,
Columbia & Augusta and the Virginia Midland both make
a better showing than a year ago, though the latter must
have suffered somewhat from the competition of the
of
JVol. XXXVI,
the
the
previous
improvement
in the
case
of
On all roads (as'aT'wkoi^’
equivalent to fully 25 per cent • but
year.
was
individual roads the ratio of
some
gain was
almost twice as large. Take the Union Pacific ; this
Valley road.
road
None of the leading east-and-wTest trunk lines appear like the Western roads, had its traffic operations
impeded
in our table, but if the Grand Trunk of Canada and its this year by snows, though it also sustained a decrease
in
Chicago connection—the Chicago & Grand Trunk—and business apart from this fact. Its earnings this year are con.
the Indiana Bloomington & Vvrestern, are to be taken quently $231,000 below those of last year, or 12 per cent*
as a criterion, the trunk
lines are doing well. All the but in January, 1882, it had increased them over
roads that share in any way in the increasing business $600,000 (or pretty nearly 50 per cent), on 1881 • so
and trade of the Southwest, -give a very good account of that the present earnings, though over $200,000 below
themselves. Among these are the Hannibal & St. Joseph, last year, are still $400,000 above those of 1881. In the
the Chicago & Alton, the St. Louis & San Francisco, the same way the Chicago & Northwestern and the
Chicago
the St. Louis Alton & Terre Haute, and the Wabash Milwaukee & St, Paul, though they exhibit
respectively
St. Louis & Pacific, though the latter has not a very a decrease of $262,230 and $75,536* if we compare with
when the increase on the previous year was
large increase, which would be explained, however, by 1882
a falling off on some of its other divisions..
In Michigan, over $400,000 in both cases—show an improvement of
railroad traffic still appears to be heavy, and the Flint & $140,000 and $370,000 respectively when compared with
Fere Marquette continues to make its customary increase. 1881, which confirms our remark above that the
earnings
In the Fast, we have returns from the New York & New this year appear small only by reason of the
exceptionally
England and the Eastern, and both record better earnings heavy earnings in January, 1S82. To make this more
than a year ago. Nearer home, the Long Island is still on evident, we have selected six prominent roads and com¬
the upward move.
pare them below for three years."
It is only in the West and Northwest that railroad
GROSS EARNINGS IN JANUARY FOR THREE YEARS.
receipts are smaller than in 1882, and that, as said at the
1833.
1882.
1331.
outset, is less significant than it otherwise would be,
$f9 7,402 $252,823 $167,750
Burlington Cedar Rapids & Northern
because of the exceptionally heavy earnings in January Chicago & North western
1,382,700 1,644,930 1,240.667
302,700
327,100
Chicago St. Paul Minu. & Omaha
257,785
last year, favored by conditions that had no small influ¬ Chicago Milwaukee Sc St. Paul
1,359,000 1,134,534
900,348
U,
031,281
ence in stimulating the traffic movement over these lines.
Union Pacific
1,732,0< 0 1,9)3,000 1,339,800
It is no doubt true that general trade is no longer so
Total
$0,369,433 $1,628,131
active in the West as it was, and that this is a factor in
Without the Southern line.
t Figures approximate.
the situation which it would not be well to ignore.
Our exhibit of net earnings covers this time the month of
But
it is to be remembered that last season the winter was December and the calendar year 1832.
Though the num¬
quite an open one, and snow blockades exceedingly rare ; ber of roads reporting is always small, it is more than
this year they are the rule, rather than the exception, and ordinarily so this month, because at the end of the year
one is somewhat reminded of the severe weather of two
there are usually corrections of greater or less magnitude
years ago. Then, last year the war of rates on the trunk to be incorporated in the years figures, and companiesare
lines induced the early forwarding of supplies and mer¬ disinclined to give out their December return until these
have been definitely determined.
As far as it goes, how¬
chandise, which would not have been sent to market ever, the statement is
very satisfactory as respects the
until later on except for this fact.
Finally, as already twelve months taken together, but somewhat unfav¬
In the case of
remarked, farmers seem loth to part with their produce orable if we take December alone.
the
at present quotations, while in 18S2 the high prices then
Pennsylvania—embracing the lines east of Pittsburg
and Erie—the increase in net (amounting to over a million
ruling were a great inducement to the producer to hurry
was made entirely in the latter part of the year.
forward his surplus to the last bushel.
Hence—further dollars)
At the end of the first four months tire company was $931,retarded by the very inclement weather—the movement 000 behind the
corresponding period.of 1SS1; during the
of grain this year falls below that of. January, 1S82, in remaining eight months it gained almost two million dol¬
spite of the much better crops, as the following table of lars. The months of largest increase in net were August and
October, which together had a gain of almost $1,275,000.
the receipts atthe principal Western ports will show.
As to the prospects for the year 1883, it should be remem¬
RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED JAN. 27.
bered that even if gross business declines, there is a strong
Shenandoah
—
rinri
*7 Hi ~A
s
/
1
i
k
Flour,
Wheat,
Corn,
Oats,
bbls.
bush.
bush.
bush.
Chicago—
Barley,
bus/i.
Rye,
busk.
630,907 147,043
3,711,882 1,511,012
4,187,418 2,139,560
504,443
79,323
143.850
470,290
59,390
3o3,o09
307,525
07,772
259,173
308,427
201,023
220,500
34.531
CG4,650
472,911
81.127
16,427
0,043
40,500
1,000
88,078
00,295
62,576
61,570
244.010
1883
1882
200,047
Milw’kec—
902,570
1883
268,859
1882
207,177
St. Louis—
1883
114,280
1882
97,404
Toledo —
4,257
1883
586,112
1,003,820
101,915
230,735
776,151
388,043
1,451,515
2,102,105
712.939
2,387
400,080
19,795
20,283
436,800
10,779
132,781
30,425
179,397
98,570
79,800
10,570
78,000
5,120
3.200
S70,650
416,000
00,000
63,500
1,840,050
020,000
51,100
60,250
....
....
....
....
....
....
....
1882
....
Detroit—
1883
1882
Clevel’d—
....
....
1883
....
18S2
Peoria—
....
1883
....
1882
Duluth—
1883
1882
....
....
3,911
......
....
....
....
192,073
20,425
241,992
109,080
>
Total of all
18S3
1882
704,101
60S 012
008 385
3.852,014
2,860,313
52,5i5
......
......
GROSS AND NET EARNINGS TO LATEST DATES.
Jan. 1 to
December.
Name.
'
133
Buffalo Pitts. & West*. 1832
Do
do
l;>81
21,526
500
Burl. Cedar Rap. & No. 1882
Do
do
1881
25,950
......
37,390
will also be lighter, because of
Dee. 31.
Net
Net
Gross
j Gross Earnings
Opt rating
Earnings Expenses. Earnings Earnings
......
......
*
57.305
55.535
-
large increase then recorded over January
198,54)
104.091
$
+14.148
767 433!
593,903.
2.800.079
27,7 71
47.510
08.720
197,-124
192,818
2,259,030
410.172
4(52,027
212,742)9.809
1882
1.221 509
723.978
1S?1
1,153,779
0? 2,271
Nash. Chat. & St. Louis 1882
Do
do
188:
180.352
173,12?
03,7491,067
221.758
123.57C:
103,711
101.182 1 2 429,733
101.989 | 2,207,288
188*;
205,039
490.003
18o.
4? 0,023
401,3 It
321,03:
23.688
151,‘JoJ
188.
4.157.163
Louisv. & Nashv
Do
do
.
7,071,093 2,531,138 1,407,719 311,023
9,058,744 3,043,822 1,211,213 223,978
246,062
232,812
*
43.157
27.704
Central of Georgia.... .1882
Do
do
1881
Norfolk & Western—.188'Do
do
188)
It will be more clearly seen, however, how very favor¬
able the conditions must have been in January, 1882, if
recall the
expenses
price of all materials that enter into railroad
accounts.
The following table gives the gross and net
earnings of all roads that have furnished monthly exhibits
for publication.
the fall in the
10,000
f
we
probability that
Northern Central
Do
do
388.974
244.993
824,267
632,187
497,531 12,981,432
4,251/756
481,003
1,933,047 824,874
87,604
827,683
78.46.2 | 2.075,258
1,107.161
1.110.853
1.957.853
; 5.800,176
! 5,143.700 1,636,251
f
.
Penn, (all lines cast
Pitts. & Kne)....
Do
do
1881
1882
Pliila. & Erie
Do
of
do
1881
Philadelp’a & Reading. 1882
Do
"do
I8si
i
3.731,75?
335.512
282,772
1.795 371
1 850.889
2.972.3K
2.528.559
249,820
200,940
950,762
«-:0.27S
18.432,427
17,414,373
1,203,192) 44,124,178
1.184,853 49,079,820
85,GS0i 4.011,413)
81,8321-
838,6091
S70.O1;
1
SS8S
THE
10, 1883, J
FEBRUARY
December.
CHRONICLE.
little less than 81
Jan. 1 to Dec. 31.
NAME.
•
Gross
Net
Gross
Operating
Nety
Earnings. Lxpenscs. Earnings. Earnings. Earnings.
^ad.r.ilrou.J^
WesUemey....
-
d<»
Do
117,245
;S8S
5Wlft»tral...o.
"
34,009,827 $1,004 055
J,830,788 1,313,857
150,742
72,931
Jjg?
Iwi
$5,174
66,931
ro.8'9
51,990
104,746:
61,724
11.207
66.376
15,099.085 $1,138,416
14.096,941 1,245,612
871,702
1,508,660
j
1,109,879
NAME.
Gross
Operating
Net
.
$318,000
$1^9.000
393,389
205,414
-
$' 89.600
187,975 ‘
November.
NAME.
....18S2 $I.5]8.624'$1.061.618
1,715,4(59
do
‘Notincluding Oil City & Chicago.
THE STATE
OF
1,075,887
Net
Ea rnings
$378,600
393,389
$189,600
187,975
Gross
Net
Earrings. Earnings
757,206
635i,582
+ Decrease due
OUR
Gross.
Earnings
Jan. 1 to Nov. 30.
Gross
Net
Operating
Earnings Expenses. Earnings.
nTyTL- E. & West
Do
|
to snow.
FOREIGN
TRADE.
Would any one know how our foreign commerce stands,
let him examine for one moment the belated return for
December, issued this week by the Bureau of Statistics at
Washington. Exports close on to 93 millions, and with
one exception larger than ever before in our
history; im¬
ports considerably below the totals reached earlier in the
though above the corresponding period in 1SS1; an
of exports over imports, in the large sum of
§33,
458,613; a net influx of gold but little less than two
millions—this is the story, that the December exhibit dis¬
closes. Except in the matter of gold
imports—which the
other conditions seemed to
predicate would be on a larger
year,
excess
scale—the statement is
more
favorable than
even
the
most
sanguine had dared to hope for. Below is our usual table,
showing the import and export movement at each port.
EXPORTS AN1) IMPORTS OF MERCHANDISE AT (I.
S. POTTS.
1882.
Exports (Domestic
and
December.
Foreign.)
Since Jan. 1.
q>
New York
New Orleans
Baltimore
Boston, &c
Philadelphia
San Francisco
All other ports
Total
*
Baltimore
Boston, &c
Philadelphia
San Francisco
All other ports
Total
$
$
31,230,354 373,102,953
9,403,070 90,505,222
3,076,714 55,780,797
4,924,40.1 70.408,979
2,856,711 41,225,364
6.421,012 4 7,408,164
19,149,381 155,057,728
92,960,433 767,976,337
77,061,642 833,519,127
43,091,747 514,273,974
1,035,365 11,076,256
1,234,43 ) 14,658.0 ‘6
5,351,748 73,733,576
2,096,761 37,614,138
3.428,655 41,349,5451
3,260,114 57,136,650j
*10,799,30(5 453,542,053
752,S41,115|
57,337,602 670,209,443
If
59,501,820
we
take the
excess
of
12,182,692
16.2 r8,9l7
6 4.716,010
29.762,698
38,4 51,301
55,275,717
$33,438,613 for December, and
add it to the
$25,789,635 excess for November, we have a
total balance in our favor for
these two months, as said
last
week, of
over 59
million dollars.
corresponding period of the previous year
shipped only 1,328,973 bales, or almost 650,000 bales
less.
Thus the cotton exports for the three months
reached a money value of over 106 million
dollars, against
less than 74 millions in the same
period of 1881. In
December alone 750,000 bales went out.
To show how
the breadstuffs exports
and the
provisions exports compare wiih these figures, we need
only say that the value of both combined for the last
quaEar of the year was only about 75 millions, against the
106 millions for cotton.
In July, August and
September
breadstuffs went out very
freely and cotton had not yet
begun to move, so that the exports of the former largely
exceeded the exports of the latter; but at no time since cotton
shipments began in earnest have they failed to exceed
greatly the value of the breadstuffs and provisions ship¬
ments together.
In December cotton figured for 41 mil¬
lions, and breadstuffs and provisions for only 30 millions ;
in November, cotton 37
millions, breadstuffs and provis¬
ions, 23-4 millions; and in October, cotton 2SJ millions and
breadstuffs and provisions 214 millions.
It is evident
that for the time being at least, cotton is
again king, and
as
pre-eminently as its most loyal subjects could wish. To
show this more clearly, we
present the following table,
compiled by Mr. Nimmo, giving the exports of cotton,
breadstuffs and provisions
separately for each month of
the second half of the last twTo years.
1881.
Since Jan. 1.
$
34,709,365 316.606,126
16,719,658 81,0-3,649
4,864,813 43,500.698
5,993,513 57,738,235
3,397,54o 34,625,366
3,782,371 49,024,998
23,4.92,113- 154,797,26'
973,738
1,223.451
4,3 20,273
1,823,838
3,261,953
4,720,0 43
(exactly 1,970,517 bales),
Breadstuffs.
Provisions.
Months
Imports.
New York
New Orleans
almost two million bales
while in the
out
Cotton.
1891.
December.
millions, cotton furnished almost 37 mil¬
lions, or over 45 per cent; and again in October, when
out of total
exports of 71£ millions cotton supplied 28£
millions, or 40 per cent. In these three months we sent
we
Jan. 1 to Jan. 31.
Earnings Expenses. Earnings
oSjj*5-?.,* K,T-88
455,137
988.526
January.
155
1882.
$
1382=;
$
9
7,405,410
5,026,013 20,310,713
7,171,443
4,387,633 26,000,145
10,842,182
8,433,085 20,488,475
22,9SG,244 28,500,918 15,332,295
22,336,980 30,896,963 18,798,368
28,645,890 41,020,990 14,477,930
July
August
September...
—
October
November...
December.
1881.
..
Total
1881.
$
$
16,667,509 12,084,938
29,222,575 11,297,927
25,239,701 10,542 290
15,775,943
9,742,653
15.870,440
9,322,457
17,691,607 13,608,000
99,438,155 124,265,602 115,407,926 120,467,835
We here
breadstuffs
for the six
1882.
'
67,198.271
$
9,972,070
7,845,346
9,427,781
5,689,413
7,599,842
12,779,651
03.315.006
that
notwithstanding the heavy exports of
during July, August and September, the total
months is only 120 millions, while of cotton it
see
is 124 millions.
Nevertheless the breadstuffs exports are
larger than they
were
five
what
million
was
dollars.
in the
same
period of 18S1 by
some
This, of
course, is the reverse of
in the first six months of the
year, v/hen
true
because of the deficient crops
off of about 47 million dollars.
of 1S81 there
was a
It is for this
falling
reason
that
the calendar year
1SS2 show's a decrease of about 42 mil¬
compared with the calendar year 1SS1, as
balance, as well as about the export
movement, which f or the two months aggregates almost appears by the following table, in our usual form, exhib¬
B4 million
dollars, is the way the result was attained. iting the breadstuffs and provisions exports from each
As the autumn season
came in,
and continued good leading port.
weather assured a
EXPORTS OF BREADSTUFFS AND PROVISIONS FROM LEADING PORTS.
large yield of all our leading staples of
1832.
exports, had anv one been asked what was the outlook for
1881.
The most remark¬
able fact about this
our
lions
foreign
trade in the months then ensuing, he would
have answered without
hesitation—excellent. If pressed
to
give
a reason
for this
belief, he would have quickly
replied—why, our corn crop is very large, and the yield
of wheat is
unprecedented ; we shall have large surpluses
to
export.
In
looking back now, however, over the
closing months of the year, he will find that the heavy
balance in our favor is due not to
wheat, nor to corn, nor
to both
combined, nor to provisions either, but simply to
cotton. Of our total
exports of 93 millions in December,
over 41
millions,
Wus the case
in
or
44 per cent, was cotton.
November,
The
same
when out of total exports
a
when
Breadstuffs.
Dec ember.
$
.7,155,542
New Voile
New Orleans
3,053,100
Baltimore
2.416,059
1,665,022
705,178
2,710,728
3,080,412
Boston
Philadelphia
San Francisco
Other ports
Total
-
Since Jan. 1.
$'
Dc^cm her.
$
76,908,493;
7,342,77ii
21,435,659
12,911,943
5,141,005
62,484
1,582,591
64(5,452
8.337,026,
35.885,848
16,360,394
294.613
17,086,0 il 182,682,731
5,100,589
978,666
Since Jan. 1.
$
97,634.996
9,869.281
35,291,399
15,013,514
16,381.223
33,869,231
16,125,138
13,806,400 224,124,832
Provisions, cCc.
New York
New Orleans
Baltimore
Boston
Philadelphia
San Francisco
Other ports
Total
8,749,042
17.920
59,139
68,092,507:
9,325,928
85,766 j
21.874
813,217."
91,636.122
183,437
81,293
1,440.772
1,153,890
14,514,566
4,456,704
2,119,659
7,938.837
33,479
389,368
617,380
5,100,168
965,034
31,772
438,765
24,852,2 46
12,071.422
96.934,423
7,700,833
384,159
4,118,916
12,987,325 133,332.417
15G
When
THE CHRONICLE.
[VOL. xxxvi.
analyze the breadstuffs figures, we made by Mr. Gladstone, Admiral Seymour, Lord
Wolseley
find that of the decrease of 41-J million dollars in the total and later
by Lord Granville and others, that the object
for the year, corn is responsible for over 32 millions, the of the British Government in
landing troops in Egypt waj
not
exports of this cereal during the whole twelve months
conquest with a view to occupation and annexation
but
having been only about 15 million bushels, against 72
simply the restoration of Egypt to herself. At the
million bushels in 1881.
Wheat falls some 10 million same time, as is apparei t rom the most
cursory view of
bushels behind in quantity, and some 14|- million dollars the
general situation, a considerable time must elapse
in value, but this is in part offset by a
gain of 700,000 before it will be possible to leave Egypt entirely to herself
barrels of flour, increasing the value of the flour
exports Out of the chaos and confusion consequent on the war of
almost six million dollars.
It is becoming more anu more the rebellion, the elements of
strength and stability must
evident that an increasing proportion of our wheat is going be gathered, order
restored, and a government built up.
out in the form of flour.
The circular of Lord Granville is, on the
Particularly noteworthy in this
whole, a satis¬
respect is December.
The wheat exports in that month factory document. It indicates the best of motives towards
did not differ materially from those of
December, 1881, Egypt and the Egyptian people; and it is well calculated
but of flour we shipped over a million barrels, against to disarm
suspicion, as well as to prevent or allay anythin^
only 400,000 barrels in the previous year. It is this in¬ like irritation on the part of the other Powers. Promi¬
crease in flour—and not in wheat or in
any other cereal— nence is very properly given to the Suez Canal. It is
that raised the breadstuffs values in December, 1882,
proposed that the great water-way between the Mediterra¬
about
millions above those of December, 1881. This is nean and the Red Sea shall be free as the ocean in
all cir¬
clearly shown in the following table.
cumstances, that in periods of war belligerent vessels shall
EXPORTS OP BREADSTUFFS DURING DECEMBER AND SINCE JAN. 1.
remain in it only for a fixed time, that no hostilities shall
be allowed to take place in the canal or its
Value.
Quantiti/.
approaches, or
December.
in any of theaterritorial waters of Egypt, even in the
1882.
1881.
1882.
1881.
event of
$
$
Turkey
being one of the belligerents; but that nothing is to
.hn6h.
Barley
11.529
15,566
8,217
11,737
be
allowed
to affect or in any way
Corn
bush.
2,331,718
2,219,937
1,690,095
1,587,128
abridge the territorial
Corn-meal
.bbls.
24,792
27,673
92,495
91,984
Oats
.bush.
15,964
20,691
rights
the
8.605
of
Egyptian Government. There is nothing in
11,341
busli.
Ryo
16,147
155,789
111,290
15,661 this
Wheat
.busli.
proposed arrangement which ought not to approve
8,218,4 * 7
8,389.340
8,799,176
9,630,863
Wheat-flour
bbls.
1,031,875
404,355
6,376,163
2,457,686 itself to all outside
It preserves the rights
governments.
Total
17,086,041 13,806,400 of
Egypt; it secures equal privileges to all the nations and
Since Jau. L
governments, and it demands special favors for none.
bush.
Barley
305,563
223,004
221.R39
146,347
Corn
busli. 15,389,658 72,483.401
11,634,747 43,853,282
Importance also is attached to the future management
Corn-meal
.bbls.
404.135
238,541
912,309
1,213,236
Oats
bush.
510,885
281,690
163,336
of Egyptian finance.
242,362
The dual Control has been finally
bush.
Rye
1,420.640
985,007
1,181,512
1,015.978
Wheat
liu sli. 108,563,804 118,203,990 123,241,061! 137,949.241
abolished; and, according to the advice of Lord Granville
Wheat-flour.. bbls.
6,716,014
7,423,934
we
come
to
.
..
.
J
Total
45,327,900| 39,644,386
182,6S2,734|224,124.832
that in its stead the Khedive should have the benefit of
a
single European financial adviser, such a position has been
shipments of provisions, we have the same created and given to Sir Austin
Colvin, the former
general features to note as in the previous months of the British
Comptroller. Greater efficiency and economy are
year, except that these are no longer so pronounced, be¬
promised in the management of the Daira lands. An
cause we are
beginning to compare with a period when important change is to be made in the matter of taxation.
the movement had already dwindled down to much smaller
Hitherto, and in order to encourage foreigners to settle in
dimensions.
Consequently, the decrease for December is the country, it has been the custom of the
Egyptian rulers
less than a million dollars.
For the year, however, it to
exempt all such from taxation.
The burden of
aggregates over 36 millions, as the subjoined statement taxation was
consequently borne by the native population—
will show.
the people who were of all others the least able to bear it.
EXPORTS OF PROVISIONS, &C., IN DECEMBER AND SINCE JAN. 1.
It is now proposed to tax foreigners and natives equally.
Founds.
Value.
December.
As a proof of the honest desire pi the British Government
1882.
1882.
1881.
1881.
to deal fairly by the native
population, special instructions
$
$
Beef, fresh and
have
been
given not to harass the fellaheen by insisting on
salted...
13,292,190
1,288,141
10.268,454
942,913
Bacon and hams
54,474,571
5,977,030
the
6,158,328
63,264,722
payment of debts immediately due; and suitable time
Lard
26,481,603
3,109,635
30,571.100
3,496,617
Pork
9,172,"68
854,447
9,654,090
867,936 is to be allowed them to meet their obligations—a very
Tallow
2,824,692
227,869
4,493,820
343,866
Butter
wise arrangement, considering the state of the land and665,582
136.109
681,991
136,985
Cheese
4,224,943
478,191
1,040.680
8,991,200
their own impoverished condition.
The farming class
Total
12,071,422 12,987,325
had been bled to death; and the despair and madness
Since Jan. 1.
which begot the rebellion under Arabi were brought on
Beef, fresh and
salted
94,501,387
139,322,007
9,032,493 12.498,466
Bacou and hams
345,835,103 607,939,610 37.583,273 54,953,063 by the merciless exactions of the tax-gatherer.
In the
Lard
232,536,658
310,195,218 27,694,121 33,525,665
work
of
reconstruction
Pork
66,029,915
nothing is more essential than that
94,431,880
6,305,157
7,889,409
Tallow
39,383,825
69,183,993
3,320,510
4,SS6,266 these
Butter
people should have time to recuperate.
7,637,249
21.220,341
1.516,950
4,072,644
Cheese
103,739,2071 140,358,094 11,481,919 15,506,904
Changes have been deemed necessary in the constitution
Total
1
96,934,423 133,332,417 of the law courts and in the administration of
justice. In
years gone by, the Consulate was the headquarters of lav
RECONSTRUCTION IN EGYPT.
to all foreign nationalities.
Latterly, however, and for
The publication here
during the last week of Lord some years past, there have been what are known as
Granville’s circular, coupled with certain other
mixed tribunals ”—courts composed of European and
contempo¬
rary events, has helped to throw some light on the plans native judges.
These courts have no international char¬
to be carried out, as well as on the actual
On the contrary, the nomination of the representa¬
progress made in acter.
the work of reconstruction in
Egypt. The country of the tives and the working of the entire machinery are in the
Nile may now be said to be
fairly in the hands and under hands of the Egyptian Government. Of these courts, there
the tutelage of Great Britain.
Nothing has happened since are at present only two—one at Alexandria and one at
-jha collapse of the rebellion to discredit the statements Cairo. While the preparations for the change are g°iQ#
As
to
the
•
“
Pbbbuary
THE
10, 1S£&]
CHRONICLE.
11mixed courts” are in the meantime retained.
The reconstructed courts will be on the same principle,
with some important modifications; and it is understood
Zagazig, Tartah,
that they will be increased in number.
Mandourah and Assiout are all named as probable future
judicial centres. Tiie presumption is, that in view of the
ou
OOLD AND SILVER—COIN AND BULLION.
the
greater efficiency of these mixed tribunals, and the pref¬
erence shown for them by the Arabs, the old native courts
gradually disappear. It is understood, also, that in
addition to the new mixed courts, of which there will
probably be five or six, there will be two courts of appeal,
will
Cairo and another at Alexandria.
objects aimed at by the British Government,
according to Lord Granville, is the development of politi¬
cal institutions in Egypt.
It wa9 one of the ambitions
of Ismail Pasha that he should have a Parliament like the
one
157
1882.—Exports— Dom- Gold..
do
a
rather than for use.
The Parliament obeyed him, not he the Parliament.
A
scheme for a new Egyptian Parliament, formulated by
Egyptian Government, has already been approved by
Lord Duilerin and been sent to the Foreign Office in
London. Its leading feature are as follows: A council
of twelve reponsible ministers; a legislative council con¬
sisting of fourteen members, one half nominated by the
Khedive the odier half chosen by a system of double
election ; and a second and larger assembly consisting of
forty-four members, which shall be convened only occa¬
sionally. The initiation of all legislation will rest wholly
the
submitted to
law.
the
.
500
241,673
2,760,596
$14,85:,910
Total
$2,037,645
$2,146,952
1,171,061
Silver
Total
$3,318,013
Excess of exports over
Excess of imports over
imports $
exports'
the conditions under
|Prepared by the Bureau of Statistics and corrected
Foreign— Gold
5,485
106,009
13,265,321
765,637
.
do
Below is given the sixth
monthly statement for the
cur¬
fiscal year of the imports and exports of the United States.
The excess of imports or of exports of merchandise was as fol¬
lows:
Month ended Dec. 31, 1882 (excess of exports)
$33,458,613
Month ended Dee. 31, 1881 (excess of
oxports)
19,721.040
Sixinonths ended « ec. 31, 1-82 (excess of exports)
54,572.222
8ix mouths ended Dec.
31, 1881 (excess of exports)
G 5,339,713
Twelve months ended Dec. 31, 1882 (excess of
exports)
15,135,192
Twelve months ended Dec. 31, 1881 (excess of
exports)... 163,339.679
Total
Imports—Gold
31, 1882 (excess of exports)—
33,537.221
MERCHANDISE.
3,826,495
$34,748,849
8,595,045
$68,994,265
$
49,327,448
TOT A L MERCHANDISE
1882.—Exports—Domestic
Foreign
i 6,2*82
AND
$26V5*i6*,794
COIN~AND
BULLION.
$91,5^0,820 $423,300,060 $799,136,243
12,177.416
3,442,258
24,878,228
$94,99^,078 $440,477,431 $324,014,471
Imports
62,819,833 385,829,921 775,342,058
Excess of exports over imports $32,178,245 $54,647,560 $48,072,413
Excess of imports over exports
Total
1881.—Exports—Domestic
Foreign
$75,878,377 $405,883,825 $829,266,128
Total
$78,425,027 $416,422,746 $853,215,914
2.548,650
Imports
60,817,269
10,538,921
377,599,827
Excess of exports over imports $17,607,758
Excess of imports over exports
23.949.816
739,203,713
$38,822,919 $114,012,231
The following is a statement, showing, by principal customs
districts, the values of merchandise imported into, and exported
from, the United States during the month of Dec., 1882, and
the values of imported merchandise remaining in the ware¬
houses of the United States Dec. 31, 1882:
1
i
Customs Districts.
Imports.
j .•
Alexandria, Va
Baltimore, Md
Bangor, He....
.......—
1,234,130
.!
56.601
.!
6,976
5,354.718
56,317
1,621
386,300
27,051
107.8,10
95,901
69,651
190.167
262.914
254,071
37,271
27^898
Minnesota, Minn
Mobile, Ala
Niagara, N. Y
Passamaquoddy, Me...
Pensacola, Fla
Philadelphia, Pa
Plymouth, Mass
120,022
124,354
69,717
8,983
108.562
150,964
188
106,680
60,078
22,411
4,664,616
584
*
*2,09*6
280
18,588
1.900
0,039
3.003
587,539
4,391,415
1,985
228,149
149,413
28,582
21,190
4,523,272
1,131^529
75,610
80,401
345,535
340,341
54,510
4,245
2,096,761
46,206
122,163
Me.)
-
Salem and
Beverly, Mass..]
Diego, Cal
101
60,756
91,050
74,99*1
3,332
2,008
35
1.503
769,959
20
16,206
79,249
123,257
3,389,712
7,828
495,073
43,709
22,795
36j
32
65,250
3, / 2i),023i
57,448
1,626,872.
407,528j
28,726
371.306
84.955
17,639
53,103,1
2,717
3.704,1511
173.360!
24,729
23,006
628,978
474,348
284
95,358!
t
districts!
101,707
*8,78*6
1,0*90* 59*9
13,591
1
64,166
2,060
*
2 48,053
........
203,352
44,335
Wilmington, N. C
2,066
468,593
51.361
8,569
\ 3,428,655
Francisco, Cal
Savannah, Ga
177,127
192.1 SI
998
213,760
59,501,820 90.357,05 I 2.603 379 3
.
ELLISON &
j?
3,159
5,933,465 1
51,831
5.920
221
Providence, JR. I
Puget’s Sound, Wash..
Richmond, Va
$
1
265,901
91,356
15,973
.....
Portland & Falmouth.
j
43,091,747 32,519,536 2,189,829
445
215,432
22.567
4,639,262
252,868
Norfolk and Portsm*th,Va
Oregon, Oregon
Oswegatchie, N. Y
Oswego, N. Y
Foreign
Exports,
1
5,894
79,070
17,130
1,035,365 16,703,452
New Haven, Conn
Totals
|
4,861,684
27,329
Galveston, Texas
Huron, Midi
Key West, Florida
York town. Va
Interior p .rts...
All other customs
Domestic !
Exports. !
$
:
Chicago, 111
Vermont, Vt
Willamette, Oregon
Twelvemonths ended Dec. 31, 1891 (excess ot imports)... 49,327,443
The total values of
imports and of domestic and foreign
sports for the month of December, 1882, and for the six
and twelve months ended
December 31, 1882, are presented in
the following tables:
751,494
$3,479,667
Excess of exports over imports $
Excess of imports over exports
2,1
Month ended Dec. 31, 1882 (excess of
imports)
Month ended Dec. 31, 1881
(excess of imports)
Six mouths ended
Dec. 31, 1882 (excess of exports)
•Sixmouthseuded Deo. 31, 1881 (exeessof imports)
twelve months ended Dee.
75,338
3.797,953
$19,666,817
$60,398,620
$2,723,173
Total
San
San
20,516,791
2.025,878
$8,231,255
$30,921,554
Silver
The excess of imports or of
exports of gold and silver coin
and bullion was as follows:
$1,280,368
2,116,282
365,191
$1,363,380
Silver..
New Orleans, Ea
New York, N. Y
rent
$33,337,221
1,280,368
$1,837,856
Detroit, Mich
1883.]
9,098,385
$22,500,913
$715,315
Corpus Christi, Texas
to Jan. 26,
4,829,544
$14,776,572
$75,338
5,384,053
Charleston, S. C......
; ENDED DEC. 31, 1881 AND 1882.
$9,947,028
890,110
of her lost
IMPORTS AND EXPORTS FOR DECEMBER, 1882,
AND FOR TEE SIX AND TWELVE MONTHS
$37,642,601
11,587,833
1,319,919
5,487,671
$56,038,134
$13,402,528
$102,599
Brunswick, Ga
Buffalo Creek, N. Y
more
12
Silver..
do
which
prosperity, but also become more and
attractive, both for business and for pleasure.
the
1881.—Exports—Dom.—Gold..
Egypt is
about to make a fresh start.
With England at her back
there is no reason why she should not only regain much
are
For
$6,954,351
4,895,290
838,379
Bath, Me..
Such id brief
.
Silver..
with the Council of
Ministers, but its projects must be
legislative body before they become
6
Foreign— Gold
Imports—Gold
at
With him, however,
the
m’rtths ended m'nths ended
Dec. 31.
Dec. 31.
$247,263
951,503
Silver..
do
One of the
other great nations of the world.
Parliament was a thing for show
For
For the
month of
Dec.
C0:S ANNUAL REVIEW OF THE
COTTON TRADE FOR THE SEASON 1S82.
[CONDUCTED BY THOMAS ELLISON. J
Eighteen hundred and eighty-two compared unfavorably
with either of its two immediate predecessors ; the turn-over
1882.—Exports—Domestic
$90,357,054 $416,450,42 t!$749,905,099 was quite as large, indeed rather larger, bat the results were
Foreign
9.175 J 47 j
2,603,379
18,070,633 less
Total
satisfactory. The year opened with a generally mistaken
$92,960,4 33 $425,0*25,5711$767,976,337
Imports
59,501,820 371.053.349! 752.841,145 view of the influence of the reduced American crop upon the
Excess of exports over
Excess of imports over imports $33,458,613 $54,572,222 $15,135,10 2 probable course of prices. Too much importance wras attached
exports
1881.—Exports—Domestic
$74,883,668 $399,784,157 $814,162,951 to the decreased supply of cotton from the United States, and
2,177.974
Foreign
8,407,034
19,386,176 too little weight was given to the large surplus left from the
Total
$77,061,642 $408,191,491 $833,549,127
Imports
57,337,602 342,351,778 670,209,448 previous crop and to the increased supplies from other coun¬
For the
month of
Dec.
For the 6
I
For the 12
ninths cniled'm’nlhs ended
Fee. 31.
i
Dee. 31.
....
..
Excess of
*
exports over
imports $19,724,040
Excess of imports
over exports
$65,339,713 $163,339,679
tries.
Moreover, it
the world had
b
overlooked that the great markets of
filled with goods produced during the
was
*en
158
THE CHRONICLE.
previous two years, and that the demand was, consequently,
not likely to be very active until these stocks had been absorbed,
especially as a higher range of values was apparently about to
be witnessed. In short, there \va3 a strong and almost universal
“
bull” feeling, particularly in the United States, and a large
speculative and anticipatory business was done in all depart¬
ments of the trade; but a3 Manchester received less support
than New York and'Liverpool, the prices of yarps and goods
did not hold their ground so well as those of raw cotton. As
the year advanced people began to see that there would after
all be no scarcity of cotton, but although the high prices
generally predicted at the opening of the year were not touched,
there was no material average decline, and the general result
of the fluctuations was to narrow the margin between cotton
and yarn, and between yarn and cloth.
Tine upshot was dis¬
appointment and loss to importers and speculators in Liverpool
and diminished profits to spinners and manufacturers in Lanca¬
shire.
But
faras
concerned, the last three
months of the year were distinctly more satisfactory than the
preceding nine months, owing to the rapid decline in the price
of cotton in consequence of the improved prospects of supply,
the smaller relative decline in yarns and goods giving both
spinners and manufacturers very remunerative margins..
Imports, Deliveries, &c., for Great Britain.
so
consumers were
IVol. XXXVI.
The average weight
in 1SS2, against 400 in
of the cotton exported was 387 pounds
1881 and 37S in 18S0; and the
average
weight of the cotton consumed was 429 in 1882, against 443 in
1881 and 444 in 1880.
Home Consumption.—The deliveries to home
consumers was
3,35°,140 bales, or 65,770 bales more than in 18S1. The
actual
consumption was 3,403,149 bales, or 163,770 more than in 1881
there being a reduction of 58,000 bales in the stocks
at the
mills.
Weight
Imports, Deliveries, &c.—The following is an
weight of each description of cotton imported
exported and consumed in ISSf;, and the quantities left in the
ports at the end of the year:
.
of
account of the
,
Imj'ort.
Export.
Lbs.
American
Brazil
Lb
1,156,658,290
5 J,005,53v»
151,208,400
9.635,200
397,716,180
Egyptian
Peruvian, W.I.&c
Eadt Indian
Total
decrease of 310 West Indies, &c.
Stocks in tiie Ports—The total stock in the ports at the
end of 1882 was 739,700 tales, including 662,S00 bales in Liver¬
pool, against 525,920 bales and 484,020 respectively at the end
of 1881, or an increase of 178,860 bales for Liverpool and
213,780 for the United Kingdom.
Stocks
estimate
as
Spinners.—The stocks held at the mills
by
held
follows, compared with 1881, 1SS0, 1879 and 1878
American.
1882....
120,000
1681....
1880
1879....
176.000
...
Brazil.
1
130,000
80,000
73,000
5,000
2,000
3,000
Egyptian
lO.COO
25,000
30,000
1V. Tad in. E. India.
2.000
2,000
2,COO
2,0C0
2,000
15,000
5,000
5,COO
6,000
we
:
152,000
1
70,000
Lbs.
.
1,769 223,600 259.982.9GO 1,461,440,930
311,646,360
Recapitulation.—1The entire movement of the year is shown
in the
following statement:
4 verage
Bales.
Stock in the ports 1st January
Stock lickl liy spinners 1st January
Export during the year
Stocks in the ports 31sfc December.
Stocks held by si inners 31st Dec...
Total
Homo consumption
Consumption
The
following is
of cotton
of
•4,231,860
Lbs.
443*1
46G-S
417*8
4,970,780
422*7
2,101,105,300
670.0 40
739.700
259,982,960
152,000
337*1
421*2
449*5
1,562,040
409-5
639,964,320
3,468.140
428-8
1,461.440,930
210,000
Supply
Total.
Weigh'.
525,920
Import (Tin ing year
Great Britain
for
Lbs.
231,146.400
98,035,000
1,709,223,900
311,G 16,360
65,335,000
Ten Years.
.
comparative statement of the consumption
in Great Britain for the past ten years.
a
3,020,540 1.237.373,500
2,274,376,750
1.230 388.800
1,266.129,250
!2,682,310[!, 170,151,070.. 1873
1878
1,246,149,910
In order to
give a porrect comparison of the amount of cotton
consumed, we have reduced the bales to the uniform weight of
490 lbs. each, as follows :
1882
1881
1880
1879
1 878
LG 53 609
3,598 ISO
....
70, 260 ]18"*7
v>83 31 (.
2>4
1
3,02 I 4'0
3,18 7 940
69, vOO. 118 l!
65, 920| j 187 T)...
3,431, 590
•>
...
3.075 970
323
3.115 374
56 11o: I*; *4
59. 500' 11 81’3
12(
59,510
91,260
59,160
(»0,870
59.910
'i’lie figures for 1SS2 show an increase of 1,200 bales per
week,
or
bales per
15 per cent. In 13SI there was an increase of 3,210
week, or 4 8 per cent over 18S0. The present rate of
consumption is probably about 71,000 bales
per
week, against
70,000 last year.
Average Value
Pound
Imports, &c.
the value of raw
for the past tea
The average per pound for each year we estimate as
per
of
On page 5 we give a tabular statement of
cotton imported, exported, consumed, &c.,
years.
follows:
ISS2. 1881
IS SO. 1879
18783 1877. 1876. iS75. [874. 1873
i
lb.
Import....
Export
Cniis’mp’u
lb.
C>4
f^d
O1'*
GL>
614
631 c
|(5
lb.
6 c.
lb.
6U
5i»m 5 \
6^
65g
! Uf-
!
lb.
6j4
61,
511,6 5«i.
1 643 l 65
lb.
lb.
OH*
5*4
6<b a
7hft
578
7*8
Imports, Deliveries, &g., for the Continent.
Total.
2; 0,000
Dec. 31.
93,409,59f 1,069,609,700 177,903,000
3,273,161!
46,709,650
4,574,120
9,28 4,880
161,442,680 29,266,540
2,632,000
7,077,100
1,905,200
151,383,830
176,601,550 97,807,500
Import.—Notwithstanding
the great reduction in the out¬
turn of the American crop, the import into Great Britain in
1882 was only 149,670 bales less than in 18S1.
This is due
partly to the tardy shipment of the last crop during the early
part of the season, and partly to rapid movement of the present
crop in the corresponding period of the present season, the
imports in the last three months of 1382 being 862,050 bales,
against onlj7, 622,450 in 1881 and 797,830 in 18S0. The Egyptian
import shows a decrease of 41,720 bales, in consequence partly
of the diminished crop, and partly of the late opening of the
shipping season, owing to the war. There is an increase of
71,35(XBiazilian, 2,860 West Indian and 514,510 East Indian.
The increase from the E ist Indi es is due partly to the larger
crops and partly to the fact that a greater portion than usual
was attracted to Liverpool, owing to
the large speculative
business done in the early months of the year in Surats to
arrive. In this way Great Britain got more a-..d the Continent
less, than would otherwise havebeen the case; but the distribu¬
tion was subsequently rectified by a considerable increase in the
re-exports to the Continent.
Export.—As already explained, the import of East Indian
into Great Britain in 18S2 was abnormally large, owing to
exceptional circumstances. As Continental spinners got less
than their share direct from India, they subsequently bought
what they required from the speculators who had brought the
cotton to Liverpool and London, and for the most part they got
it at a lower price than they would otherwise have had to pay.
The total export, was 412,490 bales, against only 281,560 in 1881,
There was little change in
beir.g an increase of 130,930 bales.
the exports of other growths, there being an increase of only
260 bdes American, 310 Brazilian and 2,170 Egyptian, and a
Stock.
-
Consumption.
Imports.—The import into Continental ports
countries of growth (exclusive of 5,290 bales
direct from the
re-exported to
18S1, shows a de¬
Great Britain',
compared with the anivals in
American and40,900 Egyptian, but an increase
of
2.190
Smyrna, &c., 12,600 Brazilian, 2,040 West India,
The increase in the stock in the ports consists chiefly of Eist
and
93,120
East Indian, making a net decrease of 44,490 bales*
Indian. The decrease in the stocks held at the mills is due to
There
was an increase of 133,360 bales in the import from Great
the circumstance that spinners hold a very large stock afloat,
whereas last year they held very little. Taking the stocks at Bijtain, so tint the net increase in import was 88,870 bales.
Stocks.—The stocks in the ports at the close of the year,
ttie mills and afloat spinners hold, in the
aggregate, much
compared with those of twelve months previously, showed an
more cotton than they did twelve months ago.
increase of 40,480 American, 2,120 Brazilian, 2,130 Smyrna and
The average weights of the bales imported were as follows:
1873....
*
1^82.lbs
447
lHgfi.Ibs
453
45 4
2,000
10,000
Brazil. Egypt.
*
173
180
190
658
(51
622
35.000
18,000
W.L,<fc Surat.
160
170
3 52
393
392
3 H)
7,000
Uadr'r
Bengal
325
325
310
325
325
310
125,000
I 10,000
A ll k’ds
crease
of 113,540
1,550 West Indian, and a decrease of 750 Egyptian
East Indian, or a net increase of 39,540 bales.
amounted to 3,832,*
bales, against 2,930,100 bales in 1881, showing an increase
101,980 bales. The average weekly deliveries were 58,30
Deliveries.—The deliveries to
418
434
080
43C
of
and 5,590
consumers
THE
10, 18. 3. J
aUARY
CHRONICLE.
bales in 1882, against 56,348 in 1SS1, an increase of 1,961 bales
perweek. The weight of cotton delivered was 1,255.549,010
lbs. in 1882, against 1,255,971,960 lbs. in 1SS1, the average
weight of the bales delivered being 4141 lbs. in 1SS2 and 42S‘6
in
Dales.
American
Wgt
J>i aziiit n.
Sl.OOf 160
7,'*00 173
Egyptian.
5,500 loss
{
Founds.
Bales.
37,260,000; Smyr’a.&c
3,610,000.
Deliveries and Stocks for Europe, 1SS2 and 18S1.
The following is a comparative statement of the total imports,
&c., for the whole of Europe in each of the past two years:
*
Ixposts,
Import.
1882.
Deliveries.
1881.
E. Indian.
j
1882.
| 1S81.
....
0,635,510 0,282,200 6,382,220 6.214,470 9.32,4 SO 730,160
Prospects.
We see no reason for making any change of moment in the
forecast of supplies given in our autumn annual. Supposing
The stocks held at the
there would remain about 4,393,000
bales
for
shipment to
Europe in 18S2-S3, but as it was possible that the American
might be on’y partially replenished, we assumed that the
eiports to Europe might reach 4,500,000 bales. Since then the
condition and prospects of the American home trade have not
been so good as had been expected, and it is now considered
240,000
10,920,000
mills
on
the 1st
January and 30th
September
compare as follows, assuming that spinners will
retain to the close of the season the stock
they now hold :
September 30
1S33.
1882.
1881.
232,000
292,000
386,000
221,000
218.000
267,000
Last year, with high prices, spinners
the year before, with not,very low
reduced their stock;
prices, they increased them;
this year, with exceptionally low
prices, they will certainly hold
as much in
September as they do now, but if prices advance
they may bring the stock down to last year’s level. Assuming
that the deliveries will be equal to the rate of
consumption, the
estimated imports, deliveries and stocks
compare as follows:
Sloe 7,
the American crop to
reach 6,800,0C0 bales, we showed that if
spinners took (as estimated by the Chronicle) 150,000 bales
more and Canada 13,000 bales more than in the
previous season,
and if the stocks at the ports and mills regained the 181,000
bales lost between September 1, 1881, and September 1,1882,
350,000
124,000 432-2 53,600,000
January 1
1881.
American.,.. 3,388,780 4,251,000 3,903.0^0 -1,205,71 ( 542,380 -157,280
385,280
300,830
373,700
Brazilian....
291,87-' 31,070 10,490
303,440
44(3,060 379,760: 4 4 2,060 45,110 61,439
Egyptian--41,450
43,610
41.510,
41,950
970
Smyrna, &c.
3,.’ 00
81,4 00
79.2601
70,500
Peru,W.T.,£c
72,000 18.080 15,880
East Indian. 1,772,040 1,165,310 1,601,310.1,090,080 35 2,740 184,110
Pounds.
Or 13 4,000 bales of ICO lbs.
Stocks 31 st Dec.
1882.
Wgt.
1,C:00 350
1,500 160
28,000 390
1,211,000 W, Indian.
Total*
1881.
Total
150
American
Brazilian
Kgyptiau.
Smyrna, Arc...
West Indian
East Indian...
..
Total
January
1.
Imports Jan. 1 to Sept. 30.
1883.
1882.
1881.
512
31
45
3
18
353
457
20
61
1
16
184
992
739
1883.*
1882.
1881.
471
3,150
11
53
1
12
118
2,621
28S
191
37
50
3,339
323
254
36
57
218
280
36
49
1,150
1,473
962
671
4,896
4,704
4,901
stocks
doubtful if the Northern mills will
than
they did last
consume
much
more
cotton
There will be some increase, however,
in the South, and the low prices will
unquestionably lead to a
more or less important addition to the stocks at
the mills. The
total consumption of America
including Canada and Mexico) last
season was 2,083,000 bales.
If this season the Northern mil’s
and Canada take 70,009 and the Southern mills
30,000 mere
than they did la>t season, and if the stocks at the
ports and
mills gain only 100,000 out of the
1S1,0C0 lost last season, the
total requirements for the American Continent
will be 2,263,000
bales, which, out of a crop of 6,800,000, would leave 4,537,000
for shipment to
Europe. Starting with this figure, we get the
following movement compared with the previous two seasons,
in 1000’S cf bales:
season.
Total phi j inerts for the season...-.
Shipped t * Dee. 31
To be
shipped Dec.
Afloat Dec. 21..
31 to Aiur. 31
of cotton
time to arrive by
shipped Alter
Sept. 30
one
4,537
2,072
3.550
1,524
465
OuJ
3,118
18SO-1
4,567
2.007
o
■
sy
z
1
-,on
RO P
rz r*
Air*?. 31, in
Total imp -rt Dec. 91 to
Sept. 30.
At
IS31-2.
°
Total
Import
1882-3.
62
05
S3
3,180
2,621
3,339
time it
was thought that the Brazils would
send an
increase upon last season’s
supply, but it is now generally be¬
lieved by those in this
special branch of the trade that there
"ill be
deficit, and some say a considerable one. Last season
the infport was
406,000, and the season before 249,000 bales.
Ibis season it
may not exceed 350,000 bales; as 62,000 bales
have already com« to
hand, there will be 2SS,000 to receive in
the nine, months
ending on the 30th September. The Egyptian
crop promises to be about 2,250,000
cantars, or about 320,000
hales. Deducting
1C9,000 bales for import down to December
31st, there remain 191,000 bales to receive in the
first nine
months of 1883.
From sundry Mediterranean sources there will
about 37,000 bales ; and from
Peru, West Indies,
»c., about 50,000 bales.
The imports from India last season
probably
come
reached 1,657,000
bales, but it is not expected that this season
ey will exceed
1,450,000 bales ; seme authorities look fur even
a
greater defi fit than this.
a
As
300,000 bales
were
receivi d in
first three months of the
season, there will remain 1,150,000
for the last
nine.
In October we
estimated the probable requirements of
Europe
orthe season at an
average of 131,009 bales of 4)0 lbs. per
Wee
The present estimate is
.
be
trifle
a
132,000 bales per week, but it
this, and it is possible that the aggregate
IBa5r show au average of 134,000. To makeup
over
6 8eason
bales of 400
lTin
.
00
follows:
-
lbs. the actual deliveries will have to be
as
«■
Deliveries Jan. 1 to Sept. 30.
American
Brazilian
West Indian...
East Indian...
Total
Estimate*!.
1882.
1881.
3,159
2.787
*303
3,144
Stock
1883.*
Sept. 30]
1882.
563
46
21
292
39
14
1
11
2
15
1881.
58
301
35
58
202
293
34
54
1,002
1,248
869
411
409
666
27
45
3
8
229
4,830
4.732
4.596
1,052
771
973
273
215
30
Egyptian
Smyrna. Ac...
*
1833.*
v
-
These
figures admit of some increase upon the present rate of
consumption, and leave stocks at the mills and in the ports at
the end of September rather larger than at the close of
Septem¬
ber, 18S0—the big-crop year. If American spinners take no
more
than last
season
and the American stocks
are
not in¬
creased, Europe will get 200,000 more than our estimate out of a
crop of 6,800,COO. If the American crop should reach only 6,600,000 instead of 6,800,000, the bulk of the deficit would fall
upon
Europe, and the stock at the end of September would be corre¬
spondingly reduced; but if, as some believe, the crop should
reach 7,000,000, the bulk of the excess would come to
Europe,
and stocks would be
correspondingly increased. The effect on
prices of such a reduction or increase, however, would depend
upon the prospects of the next American crop, and it is too
eaily to commence any discussion on that point. It will be
noticed that we calculate upon a reduction of 323,000 bales in
the imports from India in the nine months, which deficit is con¬
sidered a very full one.
The fact that prices have touched a level from which in former
years (except in the panic of 1878-9) a rebound has invari¬
ably" taken place, makes it pretty" certain that as the season
advances some rise Li values will be witnessed; hence the
willing¬
ness with which
buyers payT 6d. per lb. for August-September
deliveries against the present prices of 5%d.
It is doubtful,
however, if we shall see anyr advance of moment until something
positive is known about the size of the American crop, estimates
of which range from 6,500,000 to
7,000,000 bales. Meanwhile it
is just possible that we shall witness,
temporarily, a lower dip
than even that already touched. This
during the month of
February will depend entirely upon the course of receiptsat the
American ports, and afterwards upon the state of trade in Alan
Chester and upon the condition of politics on the
Continent,
which, especially in reference to France, is just now occasioning
much uneasiness.
Ellison & Co Cotton Brokers.
7 Rumford Street, Liverpool, Jan. 27, 1883.
P. S.—The de’iveries to English spinners
during the past four
weeks haveTeached 337,730 bales,
averaging 453 lbs., and equal
to 3S2,000 bales of 400 lbs.,
making 1,302,COO baits since Sept.
30, against 1,298,000 last season. The stock at the opening of
the season was 82,000, against 25,000 the
year before, making
the total supply to the mills 1,3S5,000 in the first four months
of this season, against 1,323,000 last season.
The consumption
at the rate of 70,000
per week last season and 71,000 this, gives
deliveries as 1,190,000 last season and 1,207.000 this.
,
THE CHltONlCLE.
160
pt0ttjetargi®ammevctaX Utiglisft fleurs
[Voi„ XXXVI.
The movements in bullion during
twelve months were as follows :
December and
during
the
GOLD.
RATES OF EXCHANGE AT LONDON AND ON
LONDON
AT LATEST DATES.
EXCHANGE ON LONDON.
EXCHANGE AT LONDON-Jan. 20.
Rat*.
Tim*.
On-
Latest
Rate.
3 mot;, 12-314 ®12*5%
Amsterdam. Short. 121*2 ®12*2%
20-58 -d‘20’62
Hamburg... 3 mos.
**
20-59 ®20-63
Berlin
it
20-59 ® 20*63
Frankfort...
Amsterdam
.
(4
Vienna
Antwerp....
8t. Petersb’g
12*12%®12*15
25*47% ft>25’52%
i«
«
221Sl«®23
Jan.
20
Short.
1203
[Jan.
20
20
20
20
20
20
20
2C
20
20
20
Short.
20*35
Jan.
Jan.
Jan.
<Jan.
Jan.
Jan.
.Tan.
Jan.
Jan.
Jan.
Checks *25*18% a25-234
Paris
Paris:....... 3 mos. 25-43%®25*48%!
41
25*73% a>23-76%:
Genoa
44
Madrid
46%0© 16%
if
461
Cadiz
i<
Lisbon
51^8*5
New York...
[Jan.
Jan.
Alexandria..
Jan.
Is. 7316d.
Bombay .... 60* days
Jan.
Is. 7316d.
60 days
Calcutta
....
..
Hong Kong..
....
Shanghai....
....
Jan.
Jan.
44
3 mos.
25-24
23%
25 19
25*21
Short.
mos.
Checks
3 mos.
Short.
The
20
mos.
14,375,91
15,498,837
12,023,80
560,235
6,901,962
392,386
1,108,11
9,244,00
7,003,982
8,965,45
658,15
in
in
in
in
819,269
..
..
6,828,968
168.503
7,060,681
760,37:
Is. 7<>3od.
Is. 7%(jd.
3a. 8(1
5a. Id.
44
44
1,529,40
23,620,57!
1.418,5:1
20.039.25J
following figures relate to the United States
Imports
Imports
Exports
Exports
4*8*2%
95%
44
962,647
16.864.918
1,079,2 il
22,502,819
1,617,066
16,287,961
2,889,082
18.889,503
1881.
1882.
&
#
4
..
9,458,996
2,719,579
11,828,822
£
421,2*
gold!
4730
mos.
..
..
188 *2.
402,412
9,902,956
686,835
1880.
25 25
47-30
if
3
December..
12 months..
December
12 months].
797.797
Imports in December
Imports in 12 months
Exports in December
Exports in 12 months
20-36%
20-36
20 Short.
17
20
20
20
Imports
Imports
Exports
Exports
£
TOTAL GOLD AND SILVER.
44
3
December..
12 months..
December..
12 months..
1881.
£
SILVER.
Rat*.
Time.
Imports in
Imports in
Exports in
Exports in
1880.
in December....
in 12 months...
in December....
in 12 months...
3,603
55,365
2,215,598
5,511,887
23,191
121,810
in December....
in 12 months...
in December....
in 12 mouths...
6,099,783
7,386,753
20,763
92,202
164,515
2,599,293
171,830
1,922,466
1,330
3,300
29,120
.
SILVER.
.
Imports
Imports
Exports
Exports
£
501
161,429
1,193,567
1,420
33,520
31,343
TOTALS OF GOLD AND SILVER.'
| From
our own
correspondent. |
London, Saturday, January
The money market during the
dent tendency towards ease, and
count for three months’ bills is
20,1883.
past week has shown an evi¬
the open market rate of dis¬
now
not more than 3% to
3^
cent. The Bank rate remains, however, unaltered at 5 per
cent, and some surprise has been expressed because no change
has been made, more especially as the Bank return is a good
one.
Furthermore, as the American and Continental exchanges
are favorable, there is every prospect of the Bank assuming
before long a very strong position. The return of coin from Pro¬
vincial circulation is now considerable, and we are quite justified
in expecting that the reserve of notes and coin in the Bank of
Imports in
Imports in
Exports iu
Exports in
December....
1*2 months...
December....
12 months...
The
proportion of reserve to liabilities has risen from
37% to 40% percent, and more favorable results are anticipated
during the next few weeks. The supply of bills offering is re¬
stricted, and, trade being quiet, there is no prospect of imme¬
diate increase; the exchanges are favorable to us, and the Bank
of Berlin has reduced its rate of discount to 4 per cent. When
it is borne in mind that the open market rates of discount are
1% per cent below those current at the Bank of England, it is
quite evident that no necessity 'exists for retaining the present
minimum of 5 per cent, and that it must soon be changed. The
following are the present quotations for money:
1882.
Per tent.
5
Bank rate
Open-market rates—
30 and 60 days’ bills
.
.
3 months’ bills
The
.
following
are
3% ft.1%
Open market rates—
Per cent.
4 months’ bank bills
3%?^9%
6 months’ bank bills
3 %a>3%
4 & 6 months’ trade bills. 3% o>4%
338^3%
the rates of interest allowed by the jointdeposits:
stock banks and discount houses for
Per cent.
4
Joint-stock banks
Maoount houses at call
with 7 and 14 days’notice
Do
Annexed is
3 *4
3*2
showing the present position of th e
Bank of England, the Bank rate of discount, the average
quotation for English wheat, the price of consols, the price of
middling upland cotton, No. 40 male twist, fair 2d quality,
and the Bankers’ Clearing House return, compared with the
three previous years:
a
statement
Circulation
1883.
1882.
1881.
1380.
£
£
£
£
25,626,425
25,443,490
3,942,398
21,613,580
26,365.245
4,663.711
24,973,507
27.091,270
4.119,510
30,854,581
13,661,986
22.216,52!
14.353.360
20,517,645
18,904.788
Id, tuG,240
10,856,462
12,913,933
15,933,679
Public deposits
3,611,541
Other deposits
21,180,764
Qovernm’t securities. 13,075,807
Other securities
21,477,8^4
Res’ve of notes & coin 11,377,803
Coin and bullion in
both departments..
21,254,283
20,649,952 21.279,178
28,627,949
Proportion of
reserve
to liabilities...
Bank rate
•
Consols
Eng. wheat, av. price
Mid. Upland cotton
..
37%
40-6
43%
45%
5 p. c.
101 %
5 p. c.
3% p. c.
98%
3 n.
100%
40s.
5%d.
44s. 9d.
42s. Id.
6%d.
1034d.
6%d.
10%iL
45s. 1 Id
6 4 B x gd
No. 40 mule twist
lod.
(Searing-House ret’n. 136,912,000
c
9S%
U%d.
50,436,000 :156,622,000 144.198.000
The silver market has been rather firm, and the price of fine
bars is now 50%(®50 3-l6d. per ounce.
Mexican dollars are
quoted at 48%@49d.
per ounce.
been sold at Is. 7 3-16d. per rupee.
India Council bills have
168,118
2,621,484
-
following are the current rates for
cipal foreign centres:
Paris
Bank
Open
rate.
Pr. ct.
market.
3%
3%®3%
..
Berlin
Frankfort
4
..
Hamburg
Amsterdam....
•
•
•
«
•
•
•
•
•
•
•
•
5%
..
Pr. ct.
3%
3%
3%
5%
171,830
8,022,249
52,063
121,022
123,170
7,418,096
The
per
England will soon exceed £12,000,000. The total is now £11,377,863, against £10,856,462 last year; while the stock of bullion
amounts to £21,254,288, which compares with £20,549,952 in
161,930
1,253,932
2,217,008
5,545,407
the prin¬
money at
Bank
rate.
Pr. ct.
Brussels
4
Madrid and other
Spanish cities..
Gpen
market.
Tr. ct.
3%
4%
4^
Vienna
5
ft
St. Petersburg...
6
C>4
The following return shows the extent of
the exports of
produce and manufactures to the United
States daring the month of December, compared with the same
month of 1881, and also the exports to that country in each of
British and Irish
the last two years :
-In Twelve Months1882.
1881.
Dccember.1862.
1881.
314,056
245.678
5,217
4,425
-In
Alkali
cwt.
Apparel and slops
42
doz.
Bags and sacks
Beer and ale
bbls.
Cotton piece goods, .yds.
tons-
armor
plates...tons.
39,362
2,760
931,528
793,895
24.951
5,295,9u0
68,082,900
30,881
73 958,400
56,616
853.310
817,40!)
25,929
4 43,219
514,135
3.310
16,860
Hoops, sheets,boiler &
Tin platt8& sheets, tns
Cast and wrought.tns
Old for remanuft.tons.
3,518,784
57,841
43,688
5,956,700
Earthenw.& porcelain.£
40,717
Haberdashery and mil¬
linery
£
34,396
Hardware &cutlerjr..£
47,633
Iron—Pig
18,540
tons.
Bar, &c
3.238
tons.
Railroad
71,787
= 2,732
18,804
719
17,224
18,614
lbs. 1,072,900
Steel—Unwrought, tons.
3,114,600
32,202
29,560
-
,
502.391
509,317
497,697
22,255
394.934
1.889
18,858
7,222
292,617
193,27s
Ss*
37,220
214,552
36.162
1,209
15,026
179,843
6,163
99,659
135,268
447
10,833
4,751
,474,700
0,794
94,710
131,177
8,738,400
5,833,800
goods...yds. 8,593,000 9,306,100.101,482,100 90,194-100
599
61
Lead—Pig, &c. ..... tons.
13.8
Linen piece goods.. .yds. 6,090,500 5,649,400 S2,147,000 90,551,300
Machinery—Steam en¬
93,026
55,622
6,88 4
gines
£
4,562
534,470
443,998
£
Other kinds
35,856
57,798
Jute yarn
Jute piece
'
*
Paper—Writing or print¬
ing & envelopes.cwt.
Other kinds except pa¬
per hangings... cwt.
Salt
tons.
Silk bread-stuffs
yds.
Other articles of silk
1,240
1,310
5,805
9,512
722
765
20,120
4,234
19,354
2 17,134
8,H0
231,089
22,275
8,615
333,630
gl 13,042
17,696
3,323
107,523
78,899
221,482
-
only
£
Mixed with other
terials
i
ma¬
£
15,710
9,460
165.969
Spirits — British. ..galls.
Stationery, other than
paper
£
Tin—Unwrought ...cwt.
15,442
29,225
140,825
136,138
6,917
182
4,527
Wool—British
lbs.
Colonial <fc foreign.lbs.
Woolen fabrics
yds.
1,037,200
89,254
7,731
6,850,000
94,921
595
262.800
16,191
5.009,400
2,602.293
3,895,900
353,000
296,000
Worsted fabrics—yds. 1,835,700 2,037,100 27,510,200
Carpets, and drug¬
4,212,272
31,208,700
21,894,182 20,046,620
6.341,600
1,235,700 1.270.900
exports of British and Irish produce to British North
America during the same periods were as follows:
gets
?
—yds.
113,300
60,200
The
—In December.1882.
1881.
....
Railroad
Hoops,
sheets
925,782
1,065,094
39,310
12,942
tons.
615
246
tons.
1,411
1,323
tons.
935
839
109,451
525
534
459
6S*2
488
593
12,953
11,7.36
Hardware & cutlery..£
and
boiler plates...tons.
Tin plates
tons.
Cast and wrought.tns
Linen piece goods..yds.
Seed oil
galls.
Salt
tons.
72,800
3,941
10,532
200,258
53,780,309
32,851
12,335
Haberdashery and mil¬
£
linery
Monlh^r^-
179,472
48,862,600
105,461
3,215,500
7,751
Cotton niece goods.yds.
Earthen w.&porcelain. £
Bar, &c.
Twelve
1881.
4,783
,614,700
5,374
Apparel and slops....£
Iron—pig
9.960
-In
132,207
216,920
66,912
44,993
191,429
34,169
43.575
14.651
230.100
6,166.000
33,382
3,330
392,020
414,200
93,110
•
8.66J
6,039.600
10,194
741.810
4*24,495
THE CHRONICLE.
February 10, 1883.1
' -In December.
r
1881.
1.265
Silk Ribbons.........
13,410
Spirits—British.. .galis.
other than
Stationery,
3,318
BjXr-Reflned, and
cwdy ....v
Worsted fabrics. ...yds.
Carpets, and drug¬
gets
Yds.
,—In Twelve Months.—
1881.
23,019
8,565
24,762
169,863
209.463
3,014
414,600
274,700
356,500
57,800
87,400
47,131
63,535
37,895
5,734,200
9,747,900
45,054
7,832,300
8,099,000
1,704,500
1,926,700
.
The
1882.
497
3,613
1,304
219,400
cwt.
yds.
Wooleu fabrics
,
1882.
HU
following quantities
of wheat, flour and Indian
estimated to be afloat to the United
At present.
Wheat
Flour
Indian
qrs.2,0*2,200
218,0'O
corn
Kingdom
Lest week.
2.068,000
220,000
164,500
196,500
corn are
:
Last year.
1881.
2,722,000
170/ 00
172,000’
2,274,000
155,000
253,000
The Board of Trade returns for December and
the twelve
week. They
show the following results:
months ended December 31 have been issued
this
The weather has been very unfavorable for agricultural
1880.
1881.
1882.
Imports in December
£33,216,852 £33,235,260 £35,369,191
work—having been warm, wet and misty during the whole of Imports in 12 months
411.210,056
396,773.350 411,601,033
Exports in Deoember
18.214,789
the week. The state of the land is very unsatisfactory, and
20,182,052
18.171,551
Exports in 12 months
223.060,446 234.022.678 241,477,156
several weeks of dry weather will be needed before further
The improvement is, therefore,
fairly satisfactory, though,
progress can be made. The supplies of wheat and flour afloat no doubt, not equal to the expectations which
had been formed
in
the early part of last
show a falling off compared with last year, but stocks in
year.
The following figures relate to the
granary show a considerable increase. It must, however, be borne
year tnded 31st December:
IMPORTS.
in mind that, compared with the early part of October, the
1880.
1881.
1882.
stocks of foreign wheat in granary have declined consider¬ Cotton
cwt.
14.547.283
14,952,724
15,794,566
EXPORTS.
ably, the deliveries of British farmers during the last three
18*0.
1881. ’
1882.
cwt.
months having been upon a small scale. Bad weather and Cotton
2,005,310
1,859,656
2,365,033
Cotton yarn
lbs. 215.544,800
254,^39,900
238,409,900
Cotton piece goods...
low prices have been no inducement for farmers to thresh
.yards.4,495,645.000 4,777,273,300 4,348,764,300
Iron and steel.
tons.
3.792,993
3,820,315
4,350,297
freely, bat they have sold liberally of other kinds of grain. Jute piece goods
yards. 183.202,400
204,296.200 212,481,100
The trade during the week has been decidedly firm, and choice Linen yam
lbs.
16,477,500
18,250,200
18,158,800
Linen piece goods
yards. 164,966,600 174,011.100 176,241,900
home-grown produce and most descriptions of foreign wheat Silk manufactures
£
2.030,6"9
2,564,730
2,692,344
British wool
lbs.
have realized about Is. per quarter more
17,197/ 00
14,06*,900
13,879,200
money. The pros¬ Colonial and foreign wool.lbs.
-237,391,454 265,359,818 263,441,171
..lbs.
pect for Europe, as far as cereals and especially wheat are Woolen yam
26,464,300
29/31,400
31,830,800
Wool fabrics
yards.
50,000.200
55.679,400
89,736,000
concerned, is far from encouraging, the excessive rainfall and Worsted fabrics
yards. 189,940,700
192,106,100
246,981,900
Flannels
yards.
6,697,800
heavy floods having impeded agricultural work in nearly
9,027,900
10,359,800
Carpets
yards.
9,328,300
9,711,200
11,315,900
Blankets
every direction. The tendency is just now to hold wTheat for
pairs.
1.277,740
1,270,060
1,391,000
better prices.
The following were the quantities of cotton
manufactured
The following return shows the extent of the
imports of piece good3 exported in December, compared with the corre¬
cereal produce into the United
Kingdom 'during the first sponding month in the two preceding years :
twenty weeks of the season, compared with the corresponding
1880.
1881.
1892.
Exported to—
Yards.
Yards.
Yards.
period in the three previous seasons:
Germany
3.171,200
,
Holland
France
IMPORTS.
1882-83/
Wheat
1831-82.
cwt. 27,022,026
Barley
367,632
25,036,167
5,805,903
866,371
845,545
810,092
662,503
8,181,036
6,1 Ot’,146
Oats
Peas
Beans
Indian com
Flour...
4,715,779
9,977,281
6,122,660
3,014,643
Portugal, Azores & Madeira.
1330-81.
1879-80.
24.443,058
29,153,800
6,606,411
4,973,660
1,184,701
1,008,312
14,561,3*4
5,238,606
7,718.459
6,604,761
1,109,021
1.288,394
9,436,552
5,113,800
SUPPLIES AVAILABLE FOR CONSUMPTION.
1882-83.'
Iwportaof wb eat.cwt.27,022,026
Imports of floor
6,122,660
Sales of
produce
1881-82.
1880-81.
25,036,167
24,443,058
5,238,606
3,014,643
home-grown
1879-80.
29,153,800
5,113,800
16,484,510
15,950,100
13,930,000
9,737,000
Total...
49,629,196
Av’ge price of EngMah
44,000,910
43,661,664
44,064,600
47s. Id.
42s. 8d.
47s. 5d.
,
wheat for season.qra.
41s. 3d.
viable supply of wheat
mUnit'd St’s..bush.21,300,000
Bnpply of wheat and
fl»ur afloat to the
17,500,000
23,300,000
30,500,000
Un’dKingd’m qrs... 2,332,000
2.892,000
The following return shows the extent
of the imports of
wheat and flour into the United
Kingdom during the first four
compared with the corresponding period
seasons; the period included is from Sep¬
months of the seasoD,
in the three
previous
tember to
December, inclusive:
Russia
United States
Brit, N. America
.
...
Germany.
1831.
Cwt.
3,296,899
13,863,362
1,553,799
1880.
Cwt.
2,305,175
11,40 *,054
1,690,307
886,355
4,781
541 516
o ,i«o i an
13,032,160
15,081,020
712,001
6,773
Chili....
nan
& Roum ania.
428,343
19,032
British India
Total
931,718
588,512
88,155
2,072,245
163,580
503,531
60,303
3,322,801
...
America...
187,151
883,175
countries
Total
6,285,208
^
3,421,023
'
1,994,506
214,139
1,238
2,889,075
992,854
5,985
Q'TQ OQ^
25,540
349,174
1,328,376
2,073,125 (
57,696 5
m°Rth8 of the
inclusive,
hree previous
season,
compared with the
seasons
1882.
£11,843.970
20,144,460
456,177
120,786
2,574,458
310,357
861,406
4,323.184
—
1,016,163
567,216
823,423
24,762,847
416,501
107,639
2,693,072
252,435
694,681
4,161,328
'
»
Feaa.,.
1.753,825
1881.
1,H»2,319
4,227,726
Total.... £22,473,018
£21,942.496
Oats...*
Beana..* *****
Indian coVn.”
308,498
247,098
viz.: from September to
corresponding period in
:
£12,206,096
2,247,633
1,284,312
320,886
202,784
2,786,486
2,893.302
2,690,182
Turkey
Egypt..
West Coast of Africa (For.)..
United States
Foreign West Indies ..1
Mexico
Central America
United States of Colombia..
Brazil
Uruguay
Argentine Republic
Chili
Pern
China and Hong Kong
Japan
Dutch Possessions in India..
Philippine Islands
Gibraltar
Malta
West Coast of Africa (Brit.).
British North America
British West India Islands <k
Guiana
British Possessions in South
Africa
British India—
Bombay
Madras
1880..
£10,620,653
2,514,357
1,429,803
457,571
360,577
1879.
£14.393,505
3,785,186
3,505,307
2,822,266
3,479,181
£22,072,650
3,019,851
2,013,248
360,498
430,676
£26,043,470
6,038.100
Total unbleached or bleached
Total printed,dyed,or colored
Total mixed materials, cotton
predominating
Grand total
4.538.100
4.935.100
5.643.400
3,730,000
14,399,500
7,525,000
8.171.900
3,441,000
1.847.300
5,1*56,700
4,289,100
6,464,500
2,104,000
3,168,600
4,847,200
3.217.400
3,954,000
5.702.200
535,100
2.424.500
30,674,800
16.438.100
2.795.200
5.295.900
5/00.200
6.243.400
4.393.800
4,079.900
4.198.800
16,026,900
3.710.800
’
2,442,100
3.870.900
16.580.200
4.280.200
6.273.900
4.924.700
1.300,000
18,523,200
3.378,200
5,740,300
2,290.400
712,000
33,312,600
5,743,600
8,432,400
4,928,200
1,706,100
1,371,900
3,844,800
1,362,000
3.223.800
5.292.300
5.883.100
2.936.500
41,538,600
25,736,500
8,061.200
1.762.700
6.947.500
6.979.400
2,004,200
3,487,000
2,614,700
8.228.700
2.286.400
1.575.300
1,795,000
4.301.500
3.215.500
3,235,600
3.301.600
2.327.300
1,538,700
3.178.100
1.400.200
61,704,100
8,328,500
53,452,700
6.926.600
74,334,400
7, i 13,200
1.958.600
13.172.500
16,119,800
38.368.200
10.819.100
64,958,400
7.206.500
1.801.800
1 i ,180,400
16.215.500
15,900,300
265,550,400
105,746,200
270,562,900
113,012,400
224,549,300
103,186,800
1,815,000
2,525,100
2,779,900
396.100,400
330,516,000
373,111.600
Other manufactures of cotton show
Lace and patent net
£
£
Hosiery of all sorts
Thread for sewing...
lbs.
Other manufs. uneuuiuei-’d.£
Tot. value of cotton maufs.£
2.958.800
635,200
3.8*7.800
99,928,000
12,294,400
2,207,300
Ceylon
3.108.900
3.904.500
3.953.100
33,711/00
4.786.900
Australia
Other countries
860
statement shows the estimated value of the
c* cereal
produce into the United Kingdom during
Wheat..
Barley
Hour
Cwt.
following
8
Member
e
21,192,337
Flour.
France
United States
U
813,543
35,014
23.520,971
Qennanv..
The
3,458,667
606,826
157,508
Other countries.
i a
27,099
231,130
2,195,836
Australia....
Sf*
other
uaa o
1879.
4,776,000
5,099,500
5,458,100
393,500
2,143.600
Straits Settlements
1882.
Cwt.
France.'.
Italy
Austrian Territories
Greece
Bengal
Wheat.
From—
.
as
fellows.
1880.
179,076
68,366
1881.
222.444
94,6(52
1,098.260
232,561
99,150
1,323,853
88,967
1,163.320
9b,35')
5,155,898
5,476,938
82,236
4,818,824
1882.
English market Reports—Per Cable.
The
daily closing quotations for securities, &c., at London,
provisions at, Liverpool, are reported
by cable as follows for the week ending February 9:
and for breadstuffs and
London.
Silver, per oz
Sat.
d.
Consols for money
Consols for account
Fr’eh rentes (in Paris) fr.
U. S. 58ext’n’d into34*
U. S. 4*28 of 1891
U. S. 4s of 1907
Chic. Mil. &St. Paul....
Erie,
common stock
Illinois Central
N. Y. Ontario & West’n.
Nhw York Central
Tu.es.
Wed.
Thurs.
504
1024
lo24
122318
7915
79-35
1064
1057s
1164
122%
1054
384
1504
26%
505s
102’*
1023s
504
504
504
102 4
1024
1024
1024
79-45
78-90
1064
1064
1164
1024
79-224
1064
1164
1224
1064
79074
1064 ’
1164
122%
106%
1163s
1223s
107%
395a
1504
274
614
284
| 1294
Pennsylvania
Philadelphia & Reading. 1
Mon.
1224
1064
394
1504
26%
624
28
1294
39
1024
384
150%
26%
1504
264
62
614
27%
1294
27-4
1284
1164
122%
1044
384
149%
26 4
6178
274
1294
Fri.
?04
1024a
62
274
130 34
THE CHRONICLE.
162
22..8866547——-TThhee
•
d.
6
1
3
5
1
9
s.
State)..100 lb.
“
Wheat, No. 1, wh.
Spring, No. 2, n.
“
Flour (ex.
“
Winter, West., n
Cal. white
Corn, mix., West.
“
12
9
9
9
9
(>
“
s.
12
9
9
9
9
6
O
Pork, West.mess..# bbl. 80
Bacon, long clear, new.. 18
Beef, pr. mess, new,#tc. 89
Lard, prime West. # cwt. 57
Cheese. Am. finest
a. 66
0
O
6
O
d.
6
1
3
5
1
9
80
IS
O
89
57
66
0
s.
12
9
9
9
9
G
SO
18
O
90
57
66
6
0
d.
8.
12
6
1
9
9 3
9 4
9 1
6 lokj
80 0
48 6
90 O
57 6
66 O
d.
s.
12
6
9 1
9 3
9
4
1
9 1
9kj 6 10
0
80 O
0
48 6
0
90 O
57 6
6
66 (J
0
d.
6
1
3
4
Fri.
Thurs.
Wed.
Tries.
Mon.
Sat.
Liverpool.
*
s.
d.
12
9
9
6
1
3
6
1.
LI
O
6
0
6
9
9
6
80
48
90
57
66
O
Commercial atitl BlisceHaacous ITlexos
National Banks.—The
been
following national banks have lately
organized:
Gap National Batik, Gap, Pa. Capital, $50,000. Joseph C.
Cashier.
Firs, National Bank of Baker City, Oregon.
C ipifcal.
$50 000. David P. Thompson, Preside it; Itoiiiu J. Reeves,
Walker, President; C. Himes,
Cashier.
2,gG6—' ho First National Bank of
8. S. Warner,
Wellington, Ohio. Cap tal, $106,000.
President; R. A. Horr. Cashier.
First N itional Bauk of limey Grove, Texas. Capital,
$$50,000 Young Burgher, President; P. U. Cole, Cashier.
First National Bank of Owen'on, Ky. Capital, $63,000.
J. W. Johnson, President; N. H. Witherspoon, Cashier.
2,8c9—The Fnltonville National Bonk, New York. Capital $50,000.
John H. Starin. President; Lorenzo V. Peek, Cashier.
2,870—The Detroit National B«nir, yioAiigan. Capital, $1,000,000.
HcrnyP. Baldwin, President; C. M. Davison, Cashier. •
2,971- The First National Bank of Central City, Neb. Capital,.$30,000.
Jos. N. Ositrlind, President; no Cashier.
Week.—The imports of.last
Imports and Exports for the
week, compared with those of the preceding week,
decrease in both dry goods and in general merchandise.
a
show
The
$8,382,SSI, against $11,403,553 the pre¬
ceding week and $0,310,603 two weeks previous. The exports
for the week ended Feb. 6 amounted to $7,771,034, against
$7,344,715 last week and $6,574,933 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Feb. 1 and for the week ending (for genera;
merchandise) Feb. 2; also totals since the beginning of firsttotal imports were
week in January;
FOREIGN IMPORTS AT NEW FORK.
Dry goods
Gen’lmer’diso..
Total
Since Jan. 1.
1883.
1832.
1880.
1881.
$3,128,323
5,311,149
$1,728,739
3,530,455
13 018,380
5,625,062
$2,399,269
5,933,612
$8,469,472
$5,259,191
$8,843,442
$8,382,SSI
$15,341,820
30,664.761
$13,345,312
$32,855,578
$36,017,931
For Week.
IVoii. XXXVI,
Of the above imports for
American gold coin and $7,731
the week in 1883, $18,303
American silver coin.
were
Memphis Selina & Brunswick.—A Memphis dispatch, Jan
25, says this company “filed with the County Register to-dav a
first mortgage for $6,000,000 upon its property and franchises
to guarantee the Trust & Safe Deposit Company,
for the purpose of raising funds to build and equip the road
from Memphis to Holly Springs, thence to the western line of
Philadelphia!
Only 75 miles of the road is
a distance of 175 mles.
graded. This road constitutes a portion of the system controlled
by the Erlanger Syndicate.”
Alabama,
City & Northern.—The Evening Postot Friday
following respecting the foreclo¬
sure
the New York City & Northern
Railroad Company from parties conversant with the details.
In September last the holders of a majority in amount of the
Your million mortgage of the New York City & Northern
Railroad Company, of which the Central Trust Company
of this city is trustee, by appropriate action instructed the
Trust Company
to institute a suit against the railroad
company and others for the foreclosure of the mortgage, be¬
cause of the default in payment of the interest which accrued
on the first day of May last.
The railroad company and other
defendants demurred to the complaint on the ground that,
by the terms of the mortgage, a continuous default
of one year must elapse before the bondholders could
enforce any right of foreclosure for the non-payment of interest.
This demurrer was argued before Judge Larramore at the
Special Term of the Supreme Court in January, and his de¬
cision has lately been filed overruling the demurrer, but with
leave to the company to answer upon terms. This decision
assures to the bondholders their right to foreclose this mort¬
gage for the non-payment of any coupon as it shall mature,
and under the s'.atutes of this State, as they now exist, upon
such foreclosure, if the mortgage properly is so situated that
it cannot be advantageously sold in parcels, the entire prop¬
erty covered by the mortgage may be put up and sold; and
this, although the principal sum secured by the mortgage has
New York
“ We have received the
of the first mortgage of
says :
not become due/’
Telegraph—Mutual Union.—In regard to
the Times reports
said that a lease of
Western Union had
to bs those already
printed—the interest on the $5,000,000 of Mutual Union bonds,
6 per cent per annum, and 1;^ per cent on its stock.
Western Union
the negotiations between these companies
that parties supposed to be well informed
the Mutual Union lines for 100 years to the
been agreed upon. The terms were stated
—The Connecticut Mutual Life Insurance’Compaay presents
in another column its 37th annual statement. This company,
which is at the head of the famous insurance corporations of
now reports assets of $51,602,422 78, with a surplus
policy
liabilities of $6,850,000 according to the New
$11,857,225
Dry goods
29,713,810 York legal staudard of valuation.
21,386,541
GenTmer’dise..
30,448,479
The officers of the company
may also have a peculiar satisfaction in calling attention to the
$46,009,581 $43,059,122
Total 5 weeks $44,291,683 $36,213,766
fact that the company’s profit and loss item of $155,853 mainly
represents gains on the sales of Western property (taken on
In our report of the dry goods trade will be found the imports foreclosure'1, which they have always claimed would turn out to
be among the company’s best assets. As to the company’s se¬
of dry goods for one week later.
cure position, it will be observed that, even on a 3 percent basis
The following is a statement of the exports (exclusive of
of valuing its policy liabilities, there is a surplus of $3,707,398;
specie) from the port of New York to foreign ports for the on a 4 per cent basis, $3,724,844; and on the New York legal
week ending February 6, and from January 1 to date:
standard of 4per cent, a suplus of $6,850,000. The ratio of
expense last year was only 8-75 per cent of the income, or a lit¬
EXPORTS FROM NEW YORK FOR THE WEEK.
tle over one-half the average expense ratio of American life
1882.
1883.
1831.
companies as a body. The protection of this great property is
1830.
in the careful hands of Mr. Jacob L. Greene as President and
$6.969 200
$7,771,034
$8,302,132
For the week...
$5,725,00 L
John M. Taylor as Secretary, together with their able corps of
27,514,197
2^,276,337
25,886,378
Prev. reported..
23,753,737
*13.813,201
Connecticut,
over
all
assistants.
Total 5 weeks.
$29,478,738
$35,816,32;
table shows the exports and imports of specie
port of New York for the week ending Feb. 3, and
Jan. 1, 1883, and for the corresponding periods in 1SS1
The following
at the
since
and 1882:
EXPORTS
AND IMPORT3 OF
Imports.
8
Gold.
Week.
Great Britain
France
$
Week.
Since JanA.
$
$
Germany
West Iiuties
Tatil 1883
Total 1882
Total 1SS1
Since Jan.l.
$......
22,52?
365,704
5,274
34.193
5,L35
6,235
$21,285
$32,936
$406,132
112.01,0
3,417,340
115,960
32,170
614,812
4,595,413
$176,000
$1,36*,579
Mexico
South America
All other countries
20,000
1,285
$
3,110,840
■
Brewster, Brsset & Co., bankers in Boston, has
by mutual consent. A new copartnership has
been firmed under the firm name of Brewster, Cobb & Esta*
brook, and will continue the business as bankers and brokers at
the office No. 35 Congress Street, Boston.
The new firm in¬
cludes Messrs. Henry E. Cobb, Arthur F. Estabrook, Charles &
—The firm of
been dissolved
Eidy, Jr., C. Herbert Watson and Arthur L. Sweetser.
SPECIE AT NEW YORK.
Exports.
.
262 82*<
—Mr. J. P. WirRringham, broker in gas, insurance and bank
ocks, at 36 Pine Street, has issued a circular showing the
monthly range in prices during 1S82 of bank stocks, insurance,
ci:y railroad and trust companies’ stocks. As these stocks
are sold very much at private sale, this compilation makes a
record which cannot be obtained from the usual list of Stock
Exchange sales.
gas,
—Subscriptions to the stock of the Canadian Pacific Bail way
Company were closed on Wednesday. Of the 100,000 snareoffered, 87,900 shares were taken. Of these, 34,000 sharesiwer
subscribed at Amsterdam, 8,000 shares at London and the rraaining shares in this city and at Montreal.
Silver.
Great Britain
$
6.326
•
West Ini
8
Mexico
Total 1883
Total 1882
Total 1881
4,871
30,976
38,224
168,193
9,b92
2,932
South America
All other countries
$
61,745
France
German
1,206
$176,000
310,000
215,400
$1,431,530
1,399,180
$46,027
$215,487
27,727
149 354
915,315
18,514
218,674
Auction Sales.—The following, seldom or
Stock Exchange, were sold at auction this
Adrian H. Muller & Son:
s>!d at tb
week by
Shares.
Shct"cs.
10 Sterling Fire Ins. Co
50 United States Bank
never
...
J 30 Importers’'and Traders’
58
152hj
National Bank
26 4
50 Ameri an Kire fns. Co... 145^2
10 Park Fue lug. Co
117k?
.inu
20 People’s Fire ins Co
10 Manhattan Fire Tos. to.
Lornl.
$1,800 N. J^ So.
Cs
..
PvR. Co. is*
^
THE CHRONICLE,
February 10, 18:3. J
'j£Ite #3auTiet*5r (gazette.
D I
V
I
DEN D S
dividends have recently been
The following
Same of Company.
February. 9.
•
When
Cent.
Payable.
Books Closed.
4
Mch.
Feb.
Chicago & West Michigan
3
Cleveland & Pittsh. guar, tquar.).
City Ft. Scots & Gulf prof,
134
Mch.
4
Feb
Feb.
Kansas
do
do
com....
Maine Central
3
2%
Feb.
2%
Feb.
1 Feb.
16 Feb.
15 to Mch
1
7 to Feb. 14
1 Feb. 11 to Mch. 5
1 5 Feb.
7 to Feb. 14
15 Feb.
7 to Feb. 14
15
5
Feb.
1
NEW
YORK,
FRIDAY,
12 Feb.
FEB.
9,
7 to
1SS3-5
Feb. 11
P. 31.
The Money Market and
Financial Situation.—The re¬
ceipts of cotton tin's week are about 106,000 bales, against 87.000
bales in the same week of 1882. The receipts of grain of all
sorts at the Western markets for the latest week reported were
5,314,000 bushels, against 4,870,000 bushels in the correspondingweek last year. These are the statistics pertaining to the
movements in leading articles of domestic production, and
they certainly show a decided increase over the movement of
last year at this time.
But the month of January was not
favorable for activity in mercantile business or for
large rail¬
road receipts on the roads of the northern and western States,
and when to these circumstances is added the cloud of
Interest
Pet 'iods.
When
......
.
past
*Th:s is
present
or
has had
Feb.
“
“
“
“
following table shows
the changes from the previous
comparison with the two preceding years:
a
1 ft*3.
Differ■ nees fr’m
Feb. 3
previous week.
1882.
Feb. 4.
1881.
Feb. 5.
Loans and dis. $316,460,800 Dec. $444,600
$328,852,000 $316,092 900
Specie
61.6 *5,200 Dec. 2,332,500
66.619,930
'67,603.700
Circulation...
16 645,200 Dec.
3 10.600
1 8, ",63,300
20.080,2 >0
Net deposits.
307,182,200 Dec. 1,943,900 3l0,3z5,900 307,094209
Legal tenders.
23,030.40'! Dec.
321,000
15 997.500
18,313,1 fO
Legal reserve, $76,795,550 Dec. $485 975 $79,031.475
$76
774.300
reserve held.
84.635,600 Dec. 2,653,500
85,463,3 .0
83,60!,20u
Surplus
$7.S40,05o' De-.■5-2,167.525
$6,381,825
$6 820.900
Exchange.—Foreign exchange remains pretty firm, and the
conclusion is
naturally drawn that the outward movement of
securities has been smaller than usual at this time of
lo-day the
,bl;LTere
*
v»i
^.
actual rates for
year,
prime bankers’ sterling 60-days’
^ ^;\t@4 S3 ; demand, 4 85;V@4 86 ; cables. 4 85
Continental bills were firm as follows, viz.: Francs,
and 5 183» ;
reichsmai*ks> 94%'@93M; guilders,
New York
exchange was quoted
places named : Savannah
to-day as follows at the
buying at par, selling la(d;14 prem.;
Charleston buying at
par, selling
dis.; New Orieaus com.,
par; baaik, 200
prem.; St. Louis, 75 dis.; Chicago, par to 25
Prem.;
Boston,
33<a35 prem.
Rotations for foreign
P ices
being the posted
t lie
exchange are as follows, the highest
rates of leading bankers:
Feb.
9
8.
*
dr
J.
*
132
*132
price bid at the morning board
Rcceip's.
3..
5..
6..
7..
8..
9..
Total
*
132
no
*130
site
*130
was m
*130
ule.
Payments.
1,067.873 49
1 228.231 79
1,460.817 37
1.35 4.048 0 4
1.266.613 63
$
Currency.
$
$
1.030,2-11 5 4 115.637,44 5 35
1,206,12 4 17 115.5b 1.311 41
1,010,4,87 45 L! 0.133.9.35 29
1,096,955 23
7,483,539 55
Coin.
786,695 38 116.687,012 35
752.131 26 ■117,159,975 58
6.142.171 15
0.210.382 71
6,124,068 75
6.138.394 35
6,1 79.913 49
885,125 75 jll7.350.3a3
6,201,319 93
62
6,320,805 55 L
State and Railroad Bonds.—In Stale bonds the
principal
dealings have been in the Arkansas railroad bonds and in the
Tennessee compromise bonds—the latter
selling this morning
at
46i,<@47.
Railroad bonds have had
a fair business, but not
particularly
the attention of investors lias been
directed to the lower prices in the stock market, which offered
some inducement for
purchasing. The Mutual Union Tele¬
graph bonds were about tire most active of the bond list, at
rising prices, on the rumors of an adjustment with Western
prospective competition
previous week.
Feb.
.
$
sev¬
Thursday showed
gain of £230,000 in specie, and the percentage of reserve to
liabilities was 46* against 47 3-16 last week; the discount
rate remains at 4
per cent.
The Bank of France gained
9,175,000 francs gold and 1,975,000 francs silver.
The New York City
Clearing-House banks in their statement
of Feb. 3 showed a decrease of
$2,167,525 in their surplus
reserve, the total surplus being $7,840,050, against $10,007,575
the
Feb.
7.
Balances,
“
a
week and
.
causes
a material influence on such stocks as those of
the
Vanderbilt roads, including Northwestern and Omaha,
Erie,
Union Pacific, Denver & Rio Grande, Texas
Pacific, and some
others? It is quite possible that the effects of such
competition
have been unduly exaggerated, but the basis of truth was there
and was made the foundation for an attack on the stocks.
The money market has been quite
easy, and 5 per cent is
rather an exceptional rate for call loans to stock
borrowers, the
bulk of business having
been done at 3% and 4}£ per cent.
Government bond dealers have paid 2@3
per cent.
Prime
commercial paper of two to four months is
quoted at 5@>J<
per cent.
The Bank of England weekly statement on
The
...
Date.
and it has often been suggested that the business in
certain sections must necessarily be divided, and unless the
tonnage increased, the old roads must, to some extent, be the
a
Feb.
6.
U. S. Sub-Treasury.—The following table shows the
receipts
and payments at the Sub-Treasury in this
city, as well as the
balances in the same, for etch aay of ilie past week:
important stocks. This prospective competi¬
frequently been referred to in our reports during the
Is it not true that
Feb.
5.
•
Gs.car’cv. 1899 ..revr. .1.
year,
losers.
Feb.
3.
.
eral of the most
tion has
4 84
04 84 4
5 18% 05 164
40
0
404
954 0 954
.
uncer¬
lines of railroad has much to do with the decline in
85% ®4 87
81404 85
*
leading to
the recent irregularity and depression in stocks—causes
really
bearing upon values, and not mere influences having a momen¬
tary effect on prices—it will be found that the competition of
new
394
95 4
4
.
.
Exchanges.
careful examination is made of the
a
20
4
5s, continued at 3%.. Q*- Feb. 103 4 *103% *103% *103% *103
*103
*
44s, 1891
reg. Q.- Mar. *1124
112:4 112 4 *112% '112% *112%
44s, 1891
COU p. Q.-■Mar.
11 3% 113 b. *1134 *113% *113% 113%
4s, 1907..
reg. Q-- J ctn
*1194 1193rf 119*2 119% 119% *119%
4s, 1907..
coup. O- Jan.
1194 11933 119 ig *119% 1D.% 11 ‘9%
U.S..
3s, option
..reg. Q--Feb. *10 4
1044 1019s 104
*10312 103%
6s. cur’cy, 1895 _reg.
& J. *128
*128
*126
*128
*; 28
*128
1
6s, cur’cy. 1896 re a. J. & J. 129
*129
*129
*129
-129
29
6s. onr’ey, 1697 ..reg. j. & J. *130
*130
*130
*130
*130
*130
*
*
os, cur’cy, 1898 .reg. j. Ar J. *131
*131
*131
: 30
130
*130
tainty suspended over business circles by the discussions in
Congress, it is not difficult to account for a temporary lack of
animation at the
831-3
824
81%
purchase the 3 and 3!< per cents, instead of the higher priced
long bonds. The disbursements must be large in the future:
the reserve of gold is
reduced; the coinage of silver dollars
will probably not be
stopped; and the revenue or customs
receipts are likely to be cut dowir by Congress at the present
session.
So it is argued that the further
redemption of bonds
is likely to be small.
The closing prices at the N. Y. Board have been as follows:
Insurauc?.
City Fire
S2%&4
81% 04
4 81404
5 214 05
39% 0
314 0
Demand.
that the 120th call for bonds issued last week was
hardly war¬
ranted by the condition of the
Treasury and its prospective
revenues, and hence there has been more inclination
again to
Bank.
Pacific (quar)
4
4
United States Bonds.—The impression has gained
ground
(Days inclusive.)
Railroads.
Chicago & Alton prof. & com.....
Sixty Days.
Prime bankers’ sterling bills on London.
Prime commercial
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or firemen (rciclimarksi
announced:
Per
1(53
large for this
Union
•
season, as
Telegraph.
Railroad and Miscellaneous Stocks.—The stock market
has been very
from day to
some
irregular during the week and the movements
day exceedingly uncertain. There have been
sharp reactions in prices, usually occasioned by pur¬
chases to cover short contracts, but there has not been a
strong and healthy demand which indicated a radical change
in the tone of the market.
It is well knowui that on a
weak market stocks are gradually accumulated in
stronger
hands, and some considerable amounts are taken out of the
Street and paid for in cash* so that the process of
liquidation
carried on in this manner finally lays the foundation for a
decidedly better market. This is only' true, however, where the
outlook for the future is good and where there is no apprehen¬
sion of financial difficulties ahead which may interfere with
the natural course of affairs.
At the present moment the
prospect ahead seems reasonably fair—at least after -the ad¬
journment of Congress on the 4th of March next
One of the lively occurrences in the market was the twist
given to the shorts in Lake Shore who had not delivered their
stocks by 2:15 P. M. on Wednesday’, and some 3,600 shares
were bought in at the
Exchange “under the rule ” at prices
about 1 per cent higher than the market price
“regular.”
Although this proceeding against strong houses was disap¬
proved by some parties, it had the effect of Stirling up the
shorts very’ sharply and will m.ike them more cautious here¬
after. Union Pacific was one of the weakest stocks
early in
the week, lut has since recovered a good
part of the decline ;
free sales were apparently made byr sonic one among the in¬
siders. The agreement almost signed between the Mutual
Union and Western Union Telegraph Companies gives the last
named a lease of the other on
payment of 1}4 per cent on its
stock and the interest on its bonds.
The points agreed upon for a settlement of the elevajted rail¬
road litigation are given by thePo.$-£
follows
to-night as
:
That <li\idends are to be paid as fopows.-viz.: First. 6
per cent to the
Mauhattau first prefenvd; second, 6 per coat to the Manhattan second
nrefened. Dividends on > otlitlir.se are to be c un ilative.
After pay¬
ing 6 per cent on both the 1st and ;'d preferred. ’After thes>\ o per
cent ro the common stock. Then any Hirplus
remaining or' the 0 percent
to tin* common stock is to divided as f.»:lo.vsTriz.: 'a toiliesecond
preferlod and -a to tile mm non sto< k.
l id
lat:eranangc.me.it g. ve« the ' ommo.i st ock tin* preference after the first
equal division to alt classes of t ho
stock. There is, however, an option in favor of the first preferred
stock,
\iz.: If the holders of the first
preferred stork elect to surrender their
•
first preference and accept
a common preference stock, viz.: to merge
all classes of the stock into onlv two classes, 1 hen, after
paying six
r
cent on the preferred stock, all surplus
earnings will be
equally div ded
THE CHRONICLE.
164
EXCHANGE FOR THE WEEK AND SINCE JAN. 1, 1883.
RANGE IN PRICES AT THE N. Y. STOCK
DAILY
STOCKS.
Saturday, !
Feb.
RAILROADS
Atchison Topeka A Santa Fe..
Boston A N. Y. Air-Line, prof
Burlington Cedar Rap. A No..
Canada southern
Cedar Falls A Minnesota
Central Iowa
Central of New Jersey
Cent al Pacific
pro
Chicago A Northwestern
Do
pref..
Chioago Rock Tsl. A Pacific—
Chicago St. Paul Minn. A Ora.
Do
pret
Cincinnati Sandnsky A Clev...
Cleveland Ool. Cin. A Inrt
Cleveland A Pittsburg guar...
Colnrobia A Greenville,pref...
Columbus Cliic. A Ind. Central
ife
Columbus Hocking Val A Tol.
-Delaware Lackawanna A West
Denver A Rio Grande
Dnbuqae A Sioux City
East Tennessee Va. A Ga
Do
pref.
Evansville A Terre Haute
Fort Worth A Denver
City
Green Bay Winona A St.
Hannibal A St. J oseph
<
lential
leased line
Indiana Blooin’u ot Wester.»
Lake Erie A Western
..
bake Shore
Long Island
Louisville A Nashville
Louisville New Albany A Chic
Manhattan
pref
common
•
[’•
-
>
-
‘82
6 3 31
Metropolitan Elevated
Do
72*4
73
22 V
32 > i
22 4
32
24
21
24
*24*4
137
*67*4
665s
12118
102*8
12834
144 *8
122*8
46
104 4
77 4
79
77
pref.
Do
Do
__
pref
lstpref.
.
Bt, Paul A Duluth
Do
pref
St. Paul Minueap. A Manitoba
Texas A Pacuic
Toieuo Delphos A Burlington
Union Facitic
Wabash st. Louis A Pacific
...
De
pref
MISCELLANEOUS.
Ameiic.in Tel. A Ca;,le Co
Bankers’A Merchants’Tel
Colorado Coal A iron
Delaware A Hudson Canal
Mutual Union Telegraph
Oregon Railway a Nav. Co
Pacific Mail
Pullman Palace Car
WTestern Union Te.egraph
8utro Tunnel
(Shares).
Feb.
9.
804
67 4
804
130
28
68*8
68*8
30,870
200
22
30
2034
72=8
80 34
2034
32
32
23=8
23=8
31*8
26
71V
V
*23
*1244 136
120=4 117*4 119
1014 100:*4 102
117*4 1174 117 34
136
73 V
42*35*6
81V
214
33,475
32
23 1
23
136 V
135
118*8 119 4
101
102 4
1,540
214
*30
1174 1184
78 130*4 1324
1454 IT 5 *4 145*8 145*4 145 V
122 34 122*4 123 **8 123
1234
454 46=8
46*4 47 V
46 V
104
105
104 4 lU27a 10434
131
13 1
1303i
*78'
*76
774
*141
!H41
77V
142
44 38
-86
9 *8
16
47
*85
9
88
*154
164' *154 16*4
8'. I
9
16
9*8,
1.22*4
43*4 45*4
*86
9
16 V
40
40
80
i *84 4
i *73
*73
144
40
i
'>2 4
83 4
79
| *73
40
40
40
86
82*0
83»4
62=4
54 34
60
*45
*82
90
*87
*45
50
17
45
*40
*15
44 V
£ J
81
93 V
*
*
02
50
45
81 :,4
OOV
17
*60
70
46
\S7
"45
*17 V
43
46
89
50
95
*
*
18
25*T
20*4
00
29 V
00 v
20
00
30 V
30 V
10034 101*8
31
43 V
48 V
r4
42 V
47 V
12*4
1 2
12
32
13
79
3
Jan.
80 V Feb. 0
65
3
J an.
14
Jan. 20
25
9
Jan.
68*4 Jail. 3
79
Feb. 7
20 V Feb.
8
30
Feb. 7
23
Feb. 9
134*4 Jan. 3
8
Feb.
117*4
99 V Feb. 7
116V Feb. 7
128 V Feb. 2
114=8 Feb. 2
121=4 Feb. 7
45 V Feb.
7
102 V Feb. 8
Jan. 25
77
139
*62
54 V
63
*45
*86
*45
83*4
V
31*-.-
83
84 V
43 V
47 78
83 =4
32
13
84
46 4
*87
*47
45
25
25
43 4!
83
96 V
17
46
25
59*4
59 V
60*4
30*4
101*4
30 V
102
17 4
40
!r
29 V
100 V
11*6*4 iio'v
62 4
63
56 V
61
53 V
90
50
i2 L v
"59
37V
79 4
79
84
31=8
32
-0
84 V
25V
43 4
47a4
83*4
1134 12
31*1 314
42 V
47 V
83 *4
11 4
43 4
43 4
47 4
824
2
J
172
48*8
83 V
12
*
8*3 ‘
83V
834
84V
30
5
40
72
75
141=8
78
29 V
28
5
813i
415
30,435
31V
101V 102 V
10
72 V
4,770
68,5M)
954
40
26 4
60 4
V Jan.
60
51 =8
60
40
609
25 V
60 4
30 V
*374
25 4
510
82 4
*46*’
39
89
9
3.100
111,368 108*4
**300
127*8 125 V
10 v
11*4
23 4
25
TOO
25V
i‘,9*3*6
i",8*60
*
60
37*4
79 V
2,800
7,900
1224
23
"’j
54-V
J 36
22=4
23*
52 V 54
H3G
130
2234
23*4
53 V
54
*22
22*4 23
53*4 53=8
534
*136
137
136 4 1364
22 4
52V
142
12*4
26
26=0
254
1934
20
19 4
2034
6034
60
93
30
49 4
*90
*39
55
*24
20 4
65
97
64
55
27
214
66
974
*93
95
30
30*i
304 3034
50
50
50
50 4
94
*91
91 78 92
*38 4 394 *384 40
*93
91
i "934 94
141
ill 4 142
142
37 34 39 *41
38*4 39=8
*93
141
38
*96*8
-'0
94*4
30 4
51
30 4
51*4
66 "*8
66
41
u6
32 4|
52 v
79*4
954
31*4
514
31V
52 *8
no
17
40
80
93 V
17*4
*2*0*6
45
2.100
25
2,450
47,253
59*4
29 V
100*4
1,112
17*2
570 121 *4
0,500
55=8
36.050
91.269
5,345
6,9 50
V*
37
79 4
172
88,4*5*6
1,510
36-V
7834
45 *2
109
25 *2
18
25V
3,176
41*0
47=4
83=8
11=8
42 V
48 V
13*5*1*5
54,885
83V
1L=0
18,978
4,550
*84*4 ”84 3j
10
23
101
200
85
25V
8031
*53
25
55 4
25 4
54 4
25 4
20
20=4
20*4
*63 ** *
65
28 4 29
1074
107
107-V
23 4
22
"
138
41
56
30*4
50 V
304
*y l
•
*93
*36
93
139=4 14 l *4
37 V 68=8
UOV
38 V
*384
V
53 V
.
55
25 4
20V
20
20V
65 V
*92
30 V
50-V
94
40
93
140 V
39
94 4
20
1,070
100
23,717
31
2
84
10
4
41V
29
145 V
141
128*4
144 V
150V
175
140V
58 b
117
62
92 V
140
104
*63
*124
Jan.
97
700
32
50
4,300
4,490
*91
39*4
*93
94
39
95
140 V 1414
33V 39 4
93 V
3 L V
51V
51V
95
36
52
66 4
6G4
67
66
66
29
29V
107 4 108
214 22 4
*134
*90
*63
*124
135
91
65
125
‘134
123
123
*27
30
*27
SO
17 y4
17 4
17 4
18
17
17
90V
624
135
90 V
624
4,606
31
50V
314
**2*9”
21*4 Jan.
19V Feb.
97
4
30 V
51
107 4 10 7 4
1,800
66,440
457*3*99
*113
81V
801
4.710
7,900
120
82 4
12 i
83 V
207,721
870
5U0
*25
*122
125
*25
30
17*8
*15
18
135
^ 9L4
614 63
T5
18
‘15
17*8
13
10
*8
10
*8
*404
*40*4
29
68
280
233
15
735
128
28*4
107
21
135
39
120
13
17
‘14
1G
*14
16
14
14
100
prices bid and asked;
no
sale was made ac the Board.
t Sold “under the rule;” highest
1P
110
111*4
92V
150V
30
23 V
98
49»s 65
46 V 100 V
78
60 V
98V
58
37
82V
93
105
13
21
41V
58*4
19
36V
59
77
26 V 42V
86 V 112V
12
35V
119 V 128
47
87 V
123=8 138
10V
37 V
109 V
33*4
43 V
67
45
88*4
60V
168
20 V
16
186
:
31V
44V
28V
24
60
54 V
68 V
100V
17*a
20
20*2
42
23V
98V
204
89V
67 V
139
144
40
250
263
36 V
40
50
94 V
46 V
66*2
106 V
42 V
99 V
L66 V
74
132
53 V
119 V
30 V
Jan.
Jan.
163V
48V
Jan.
145
Jan.
93V
85*8 Jan.
*4 J an.
5 135
133
Jan.
90V Jan. 27 93
01*2 Feb. 9 65*2
123
Feb.
0 120
Jan.
133
Jan.
90
62
Jan.
Jan.
27 *2 Jan. 10
27 V Jan.
17*8 Feb.
19
125
IP
Jan. 19
17
Jau. 15
Feb.
0 35 V
Feb. 2 270
8
Feb.
i
Jau. 20 40
6
V
534Jau. 27
18
17 V Jan. 20
4
17V
27
100
69*2 Jan. 15
3
Jan.
Jan. 31
--
9
45
120V
57*2 Jan. 18
104 V Jan. 18
30*4 Jan. 18
_
49*2
11V 25V
Jan. 18
Jan. 17
Jan. 29 133
Feb. 7 32*4
J an.
2
Jau.
0 25
Feb. 3 144
J a n. 2i) 43 V
Feb.
5 120
Jan.
16
26*2
8GV
55
34
8*2 19
119
98 V
V
23 V 39 V
45 7e 71V
43
10
79*4 Fab.
*4 Jan.
14
96*a
10(>V Jan. 30
34 V Jam 1*2 31
54 V Jan. 12 43
100 *2 Jan. 11 79V
40 V Jan.
9 26
9 7*2 Jax.
4 68
147*4 Jan. 18 108*2
Jan. 15
Jan.
8
Feb.
Feb.
Feb.
2
1
1
Jan. 8
Jan.
3
V Jau. 12
V Jan. 29
16
Jan.
74V
55
17
34
270
100
8
37 V
150
2179
68 9
150 V
27
11
00
165
18 23
18 46V
16 130
7 131*2
0 13
18 52
30 23
22
Jan.
6
32 V Jan. 10
Jan. 30
71
Jan.
Jan.
Jan.
05 V Jan.
41V
9 L
32
48
90
30
1,143
2,399
135
Jan.
91*4 Feb.
30 V Feb.
50*4 Feb.
414
135
135
*90
9i4
*62
64
1244 124 4
12*4 Feb.
21,670
52,925
520
*414
Jan.
58 V Jan.
133
Jan.
Feb.
142
15
Jan.
Jan.
69
Feb.
49*2 Feb.
450
9 L V Feb.
200
38 V Jan.
100
93
Fell.
2,189 139
Jail.
49,320
30 V Jan.
10
Jan.
2*2*66
107 V 108 V
”28
Feb.
52*4 Jan.
47
9
Jan. *4
Jan. 20
Jan. 12
Jan. 2
Jan. 2
75
Jan. 29
33 V Lan. 19
0 V Jan. 19
89
82*2 Jan.
Jan.
135
139 *2 J an.
100
*14 4
V Jan.
129*4
51 V
89 V
10*4
18*4
14
Jau.
Stormont Mining
73
30
37 V
97 V
97 V
27
5
Jan.
Jan. 20
51V Jan.
87*2 Jan.
13 V Jan.
34*2 Jan.
13 V Jan.
Jan.
Feb.
35
20
200
820
66
138
42\
121V1214
80*4 8l34
10
the
80*2
85V
.
Jan. 15
5
Feb.
3
Feb.
Feb. 8
2
Jan.
Feb. 9
Feb. 5 4034 Jan. 17
3 8734 Jan. 30
Jan.
4
79
Jan. !6
Jan.
3 147
Jan.
Jau. 30
Jan. 25 81
Jan. 22
9
Feb. 3 35
Jan.
Feb. 7) 33*4 Jan. 18
«T 114 V Jan. 18
Feb.
2 65
Jan. 18
Jan.
2 08 V Jan. 20
Jan.
5
Feb. 3 08
Jan.
Feb. 6 53 V Feb. 9
3
90
Jau. 18
Ian.
Jan. 30
Jan. 30 50
19
0
Feb. 3
Jan.
Feb. 7 55
Jan. 8
Jan. 20 85
Jan.
8
5 100*8 Jan. 19
Feb.
4
3
18
J an
Jan.
Feb. 7 48 V Jau. 20
7
18
Feb.
3034 Jan.
Feb. 5! Os V Jan. 18
Feb. 51 34V Jan. 18
Jail. 3 105 V Jan. 19
Feb. 7: 19 *2 Jan. 5
Feb. 9 124 Jan. 9
JanI 3 04 V Jan. 22
3 128V Jan. 18
5
15 V 1 an.
Feb. 2
Jan.
4
Feb. 7 35
Jan.
13
Jan. 13 101
Feb. 7 40 V Jan.* 18
Feb. 5 83 Jau. 5
Feb. 3 52*4 Jan. 9
Jan. 10
Jan. 16 175
27 V Jan.
Feb.
Jan.
18
Jail.
49 V Jan.
Feb.
41V
46 V Jan.
82*2 Feb.
11 V Feb.
33*1*7*5 *2*2
35,800
*6*4=4
31*4
51V
93 V
91*4
30 V
50*4
28*4
53*4
54 4
26
*95
50
*91
*2*3 V ”2*3
142
6 6 *4
66 4
29
29 *•>
29*4 30
107 *4 108 4 107 *4 10734
*2 L
22 VI
21
214
,
135
135*4|
40 41
40
3934 41
121
*119
j 120 120 V
80*4
9*i
pref
are
95 V
28
Jan.
3
70 V Jan. 18
88
Jan. 5
23=4 Jan. 20
35 V Jan. 20
27
Jan. 22
137*4 Jan. 22
125 V -Tan. 18
103 V Jan. 20
122
9
Jan.
130*4 Jan. 4
151 *8 Jan.
5
127*4 Jan. 5
55
Jan. 18
113*4 Jan. 5
Robinson Mining
Silver Cliff Mining..
Those
Low. High
Jan. 17
Jan. 5
7134 Jan. 19
35
Jan. 3
’
‘
'
12*41
55 4
26
‘15
200
300
500
800
78
’
*804
94 V
V
48=e
12
81
*52 4
17 4
157,670
3,309
V 146 V
49
*16
44
......
55 4
794
12*6 ' Feb* "7
o
68
46 4
89
*60
Mariposa Land A Mining
*
For Full
Year 1832.
82
83
J an. 11 142
322,711
16 V
......
43 V
48*4
84 >
12 V
554
66=8
28 V
*18
1*j2
42 V
47 V
82 V
Pennsylvania Coal
Quicksilver Mining
r*Vy
Highest.
3*4 Jan. 20
3*5*85
Ontario Silver Mining
%
Lowest.
747
9
”3*6” *394
30
1094 lluV
63 4 63 4
55*4 56
108-V i
0034
101=0 102V
30
28
29 4
Oyi
......
44 V
85
90
17
48
20
*73
146
1454146
30
30
28 *4 28 4
109 4 110*4
‘62 4
63
554 50 V
28 4
103 4
*90
Do
1,20*6
....
83** * 83 V
79
*73
80
V 146=4' 146*4 116*4
**2*9*4
135
Standard Consol. Mining
Camoiou Coal
Central Arizona Mining
Dead wood Mining
Excelsior Mining
New Central Coal
26,075
31
o
American
United States
Maryland Coal
37,436
724
72*<»
30
i2ov
120 V 122*8
444 46
90
*87
9
9
EXPRESS,
vu.
33,921
353,691
5,625
139,075
6,525
10,210
”*4 V ”4*4
4*4
*378
4 *4
121 *8 123 *8 122*8 123 *4, 120 122 4
4 5 *8
46V| 444 4534
1214 124 V
Adams
Consolidation Coal
Homestake Mining
Little Pittsburg Mining
206
236
10
....
Wells, Fargo A Co
COAL AND MINING.
625
Range Since Jan. 1,1883.
*
*3 4
‘83*4
Oregon A ‘1 Tiiiia-Coi:tiuoi:t»l.
Panama, Trust Co. c«riii:cst«B
Peoria Decutur A EvansviLe.. *23**
53 7g
Philadelphia a Beading
Pittsburg Ft- Wayne A Cliic.. 2130
Rensselaer iv Saratoga
Rich. A Allegb., st’ck trust ctfs.
Do
67
80
*784'
*‘i
814
814
79
1404 1404 *1414
31
8k Louis A San Francisco...
Feb8.
71
4
*134 4
*13-1*2 136
120*4 122*4 120 4 122*4 117=8
99 V
1014 103*4 101**4 103*4
158
119
119
1184 116 V
133
1294 133 4 131
129=8
146
14 5 4 147
147*8 145
123
123
123
123*4 12134
45 4
46
47 V
4634 47*4
105 4 i03 *4
104 4 105*8 105
......
Richmond A Danville
Richmond A West. Point
Rochester A Pittsburg
Rome Watertown A Ogdeusb.
St. Louis Alton A Terre Haute
Sales of
the Week
Friday,
Thursday,
82
24
19
20
*18
174
122
*121
122
1214
59 V
10 V 01
59*4 b0 *4
124=8 ‘25'>4 125*4 125 V 12434
10 v
11 >4 11V
11
104
20 V
23
20
25*4 25 V
‘100
*100
*100
*100
Elevated
37 V 377e
37 V 38 V
37*8 38
35=8
Lake Erie a West.
79
79 -41
79 34
78=4 79
pref.
46
45
V
A New England....
1*7*6”
*170
*170
New itu.vt>n,v Hart. 170 V 1.2
25 V 20
25 V 25 V
25=4
Ontario A\\ estern.
25V 20
New York
New York
New York
Norfolk A Wester.i
Do
pref
Northern Pacific
Do
pref
Ohio Cent iral.
Ohio A M ssissi l»l»i
Ohio Southern
PRICES.
*73**
135
! 35
lib
*78**
82 4
*2 4 ‘S4
31
*24
824
95 V
*
37
ern..
*
48
Do
*
pref.
20 V
20
Minneapolis A St. Loul*»
00
0 0 Lu
Do
pref..
29
V 3i V
Missouri Kmohm- x iv\ i*
100 V 1(2
Missouri j/aoino
Mobile A Ohio
18*8 1 y v
122
122
Morris A Essox
01 v
01
Nashville CliiiMannoga v Sfc.L.
New York Cent i si A lludsou. 124*4 125=8
10 V 11
New York Chit. A fet. Louis...
25 V 26
Do
pref.
Mi -tngan Central
Milwaukee L. Hh.A
New York
New York
6.
6*8 V
67
71V
82 V
17
45
*80
94
Manhattan Beach Co
Memphis A Cha» .*ston
\■'.*-*
i"p .'*•
Feb.
*82
145*4
1st
Wednesday
Feb. 7.
Tuesday,
5.
LOWEST
81
—
Do
Dt
Do
Feb.
Paul
Do
pref....
Honston A Texas Central
Illinois
Monday,
6.
AND
14
Chesapeake A Ohio
Dj
lstpref.-..
Da
24 pref
Chicago A Alton
Chicago Burlington A Quincy
Chioago Milwaukee A St. Pa il
Do
HIGHEST
f «’ol. XXXVI,
“regular way,” 110*4.
4
14PV
97 V
80 V
132
THE CHRONICLE.
February 10, 1883. J
quotations op state and railroad bonds
STATE
106
and
miscellaneous
securities.
BONDS.
1
_
1900....
A6s,aKed, 1899-1900
7s, endorsed, 1880
18
50
47
47
45
19 V
101
104
106
106
7s, gold, 1890
114
..
7s, L. Rock & Ft. s. iss
7a, Memp.it L.Rock RP
7s L. R.P.B.&N.O. RE
7s, M iss. 0.&R.R.BR,
7s, Arkansas Cent. RR.
Connecticut—6s. 1883-4..
Georgia-6 s 1886
1886....
7s, new,
Bid.
05
23 V
I
Do
New York
1
N. Carolina—Continued—1
No. Carolina RR., j.«fej.!
I)o
A.&O
I)o coup, off,
J.<fcJ.|
Do coup, off, A.cfcO.'
Funding aer, ]86G-1900j
67
114
100 V
do
106V107
107 V'
„
113
Do
118
110V
110V
Do
Do
Do
Do
i
"si"
3*2 V
31
32 V
RAILROAD
i
J 110
•
115
Balt.it O.—lst,6a,Prk.Br.
Bost. Hartf. & 15.—1st, 7s
Guaranteed
Land grant, 3 Vs, S. A..
;E.T.Va.it O.—1st,7s,1900
j 1st, cons., 5s, 1930
'
'
:!09V
'
small
j
registered...
98 V Kich. it Danv.-
118V'
|
112
|..i.
100
! 105
Debenture 6>
53
W
.
Cons. 7s, 1904-5-6
|
105
34|1106
Cons. 2d, income, 1911.
H. it Cent. Mo.—1st,’90
j
11
108
.
|
2d, 6s. 1909
...
.
1083.J ] 109
.
2d, 7 3 10. 1‘. D., 180S 1
1st. 7s, $ g., R. I)., 1902.!! 127
1st, LaC. Div., 7s, 1893. 1 117 V
1st, I. it M.. 7s, 1897.. 1 118V
9118
1st, 0. & M., 7s. 1903... 120
Consol. 7s, 1905
120
2d, 7s, 1884
103
1st, 7s, I.itD. Ext.,]
I 120
8. W. l)iv., 1st, 6s. 1
! 10734
1
JOi., *•-’» AJA A 1A 11
•
XJ A \
|j
US
120
1
ii
108
1
Gold, os, 1951
2d Div., 7s, 1894
105
105
56
)
Wab. St. L. it P.—Gen’l
i
•
!
Chic. Div.—5s, 1910
Hav. Div.—6s, 1910
91
Vj
•;
9104
105
125
V!
Div.—6s, 1921.
*83
*85
79 V
.....
106 V
101
100 V
Shore it Mich. So.—i
Mich S. ifeN.I.—S.fd.,7si IOG34M07
Clove, it To!.—Sink. fd.J IO534 106
New bonds, 7s, 1886.. 10734 iooy
Clove. P. it Ash.—7s
!
Buff, it Erie—New bds.
Kal. it W. Pigeon—1st.!
!
Det.M.itT.—1st,78.1906, 120 !
l
131"*; *
Peninsula—lst,conv.
j
Mil.ifcMad.—1st,6s.1905
C.C.C.ife
Iml’s—lst,7a,a.f.
„Consol. 7s, 1914
i:ii*v
C.St. 1\ M. it
1
i
i
,
O.—Con sol.. Os! 107
C.St.l».&M.-lst,6s,1918!
N-Wis—iat, 6s, 1930..' *108
112V
112 V
eiuc.itE.Ill.—Ut.s.L.cur.
Colife
i
Mortgage
1871, 1901
i
1
1
7s, 1907...
j
<121V
<12lV
117V'-...-.!
97 v: 98 '
II534;
!
100
I
|
105*4
90
j
,92y
Div.—1st,68,19211 *95**1*"!!!
2d, 3s, 1980
! 45
Nasliv. it Dec.—1st, 7s'. *116
S.it N. A la,—S.f.,6s, 19101
Leban’u-Kno.c— 6s, 1931 ;A100
Louisv.C.ifc L.—6s, 19311 100
J ,. Erie AW.-lst, 6s,1919|
Sand 11 sky Div.—6s. 1919!
af. Bl.it M.
*lKt.6s.1919!
*80
85
ill
1st.6s
117
1.6
120
128 V T farietta it (Jin.—1st, 7s.!
135 V
1st, sterling
j
*113 V
:il letr’p’lit’n El.—1st,
in, tlUi V
Bonds, 7s, 1900.’.*."'."
<8 of
100
......
1
'117 V
! 100
j 96
2d, 6s, 1899
i*22
122 :i4 • I* lex. Ceu.—1st, 7s. 1911.
consol., guar.. 7a. j 121
122 V 13 licli. Ceil.—Coil.,7s,1902
1
lus y
:
Consolidated 5s. 1902
114
Equipm’t bds., 8s, 1883.
1st,ext,,7a,
6s. 1909
115
Coupon, 5s, 1931
115V 1*18 V
RegiMered, 5s, 1931....
1st, Pa.Div.,cp.,'3
*
J ack. Jjan.it Sag.—6s.’91
126 V
Pa. Div.,
reg.,
1917.
til.
it No.—1st, 6s, 1910.
P
;
|
100
89
Clev. it Pitts.—Cons, s.f
4th, sink, fd., 6s, 1892.
Col.C.it I.C.—1 st,consol.
85 V
125
St.L.
,|
No price
Friday—these
are
latest quotations made this week.
j
•
103 V j
I
93
j
!
93
G.
!
!
:
!
117 V
79 y 79 V
110 |....
106h 107
37
W.—Inc., 1919
Consol., Inc., 6s, 1921...
Ind’s I)ec.<t Spr’rt—2(liuc
43 V
55
Trust Co. certificates...
■
inc.ac.,7sj
j
136
‘133
;126
108 V
130
«l
*
51
31
26
j PeoriaD.it -Ev.—111c.,1920; *50
Evans. Div.—Inc., 1920 *
Roch.it
Pitts.—Inc.,1921
Rome W. it
so.
Og.—Inc., 7s.
Car.Ry.—lnc.,6s, 1931
65
54
16
41 <i
■H> i
00
•
St. Louis I. Mr. it So.—
1 st, 7s, pref.,int.aceum.
115
78
93
42
Min i Div.—Uic. 7s,1921
137
Ohio iso.—2d inc., 6s, 1921
133 V Ogdens.it L.C.-I nc., 1920
.Small...
.
......
Dauv.—Cous.g.,6s
1
117
117
BuyW.it St.P.—2d,iuc.
N. Y. P.itO.—1st
lOliio Cent.— Income, 19201
st,6a,19l 1
Rome W. it Og.—Con. 1st,I
Roch.it Pitt.— lst.Os, 1921! 104
i Rich.it
*
I lid. Bl. it
|N. Y. Lake E.&W.—lnc.Os
Pitts. B.it B.—1
Al.—1st, 7s, 1920j
1*1*9*!
JDesM.it Ft. I).—lst,inc.,Gs
94
2d, 7s, 1898
2d, guar., 7s, 1898
! Rich, ct
93
suppl.
V.itT.IL—lst,g.,7s
108 34 109
i 100
Det. Mac. it Marq.—Inc..
...
1 st.Tr’t Co.etfs.
*
'Atl.it Pac.—Inc., 1910
Central or N. J.—1908....
Col.C.it I.C.—Inc. 7s, ’90
Ucorga’11 Tr’st Co. Cert.
Cent. 1 a.—Coup.dobt ctfs.
102 y lE.T. V.itGa.--1 nc.,6a,1931
jEl.C.it No.—2d, ilie., 1970
1
....
...
Br.—6s,1919
.••••
!Ala. Cent.—Inc. 6s, 1918.
104
I
consol., 7s, 1909
st, Tr’stCo.etfs.,ass’d
2d, Tr’st (;o.ctfs.,ass’d
97
•
iba
ILeh. it Wilkesb. Coal—’88
Lake E. it W.—Inc.7s, ’99
So. Pac. of Mo.—1st.. IO234
j .wand’ky l >iv.—l 11c.,1920
Tex.it Pac.—1 st,6s,1905 *103 i
Laf.Bl.it .Mu 11.— 111c.7s,'99
Consol., 6s, 1905
*9434' 99 V I .Mil. Ij. s. & W.—Incomes
Income it Ld. gr., reg.
'Mob.
it O.—1st prf. (lebeu.
58 V: 583.,
1 st, Rio G. D i v.,6s, 19o0
j 7 9 :,41 80 j 2d prof, debentures
Pennsylvania RR.—
! 3d pref. debentures
Pa. Co’s gu r. 4 Vs, 1 st c.
95
! 4th pref. debentures
2d
96y
?8,
*
111 .it So. I a.—1 stE
St. L.K.C.itN.—R.
O111. Div.—1st, 7s
IjAlleg’y Cent.—Inc., 1912.
3d, 7s, 1906
lioy;
Pacific of Mo.—1st, 6s< 104V
2d, 7s, 1891
I IlOV
St. L.it S.F.—2d,6s,cl. A
97 I 98
....
105
100 V
106
....
90
Ch.St.P.itM.—L.g. ino.,6s
94 VllChic.it E. Ill.—Inc., 1907
Exten., 1st, 7s, 1909; 100
Pac.—1st, cons., 6s. *
4-Gs, class C, 1906
4-Os, class B., 1906....
1 st, 6s, Peirce C.it O..
Equipment, 7s, 1895..i
*98*’
96
West.—1st, 7s
j ‘(Tnterest. payable if earned.)
107*2 ' 108
99
98
Ut. So.—Gen.,7s ,1909
2d, 7s, 1912
3d, 7s, 1912
..
isoi’.”!.'!
C.Br.U.P.—F.c.,7s,’95
! ibi v
...^llisy;
At.C.itP.—1st, 6s,19051 *90
At. J.Co. &W.—1st, Gs>
Oreg. Short L.—1st,(5s*
Pitts. Ft. W. it Ch.—1st
102 *4:
7s,'
82 V
| 95 V
*i(jK)
2d, 7s, 1893
Q. it T.—1st, 7s, 1890. *100
Han.it Naples—If
Clar’da
Registered, 1921
Pitt.C.itSt. L.—1st, c.7s
1st, reg., 7s, 1900
2d, 7s, 1013
f
N.Y.itM.B’li—lst,7s,’97{
1908j
conv.,
Gt,
St. Cliaa. Br.—1st,6s
No. Missouri--1st, 7s.
West. Un. Tel.—1900, cp.
j 108*4
'
Mo.
126
95
1st, 6s, 1890
Den. Div.,0s,as'd,’99:
1st consol., 6s, 1919. i
;
:
....
I
SLP.&.S.C.—i st,6s4 919;
121V
Pensac’la Div.—6s, 1920
St. L.
Equip, b’ds,7s, 1883._.
Consol,
99
M19
.fV
Collateral Trust, 6s.. J 101J4 104
Jvans. Pac.—1st,6s,’95: 108*2
Ceil.—M.,6s,1911 \
135
125
120
120
.
Registered 8s, 1893.
84 V 85
1!
Lake-Shore—Div. bonds
125 V i
Consol., coup., 1 st, 7s.,
U2 j
Consol., leg., 1st, 7s..I
Sinking fund, reg
no
!
Consol., coup., 2d, 7s. i
Sinking fund, os, 192 JJ 101 y 101 Vi
Consol., reg., 2d, 7s...l
Sinking fund, reg
100 34 • ,ong I si. R.—1st,7s, 1898 ’
*iooy
Escan’a & L.S.—1st, Os.
!i 1st consol., 5h. 1931
j
Des M. &
t Min’s—1st, 7a
.ouisv. it N.—Cons.7s,’98
Iowa Midland-1 st, 8s.. i‘29"
2d ,7s, gold, 1883.
i
i
7s 120
Cecilian Bv’ch—7s, 1907
Chicago it Mil.—1st, 7a. 118 121* I N.O.&Mob.—Ist,6sl930i
IVin.it St, I\—1st,7a,’87 105 V 107
*2 I E. H. it N.—1st,6s,1919|
2d, 7s, 1907
*121 V 124
General, 6s, 1930
^
102
.
1; Lake
131* v'
Iteg., gold, 7s, 1902
‘ 124
Sinking fund, 6s, 1929. *110
•
! 92*o
91
...1
90
107 V
91
*107
San oaquin Brandi..! 110
Cal. it Oregon—1st, 6s: 10334
1900, reg
State Aid bds., 7s, ’84) 100
N.W. Telegraph—7s, 1904
Land grant bonds, 6s. j 104
Mut. U11.T.—S.F.,6s, 1911
West. Pac.—Bonds, 6s j 110
/Spring Val.W.W.—1st, 6s
So. Pac. of Cal.—1st, Os.
0434!;Oregon RR. it N.—1st, 6s
Union Pacific—1st, 6s..
114
|
Land grants, 7s, ’87-9.
INCOME BONDS.
|
_ .Hoy;
Sinking funds, 8s, ’93.'
! Kent’ky
,7s.’85 j *104
Interest bonds, 7.s, 1883 j 103
*
Consol, bonds, 7s, 1!
*
Extens’n bonus, 7s,
100
2d,
•
...
East’ll Div.—6s, 1921
Ev.—lst.Gsi
Evans.Div., 1st,6s,1920 looy
Pac. lilts.—Oen. P.—G.,Gs' 113
V
J
54
78
M2
Tol.P.ifeW.—1st,7s,11
Iowa
43
75
.
Cairo Div.—5s, 1931...
,Oreg’iiitCal.-lst,6s,19211
Peoria Dec.it
120
*10434)....
ji ndianap.D.itSpr.—1st,7s*
111
| 89
Green.—1st,6s,1“1"1
6s, 1926
*
..
|i
1
I
1 I
Ced. F.<t Minn.—Is’.7s *
!114
i!Mml. Bl.&W.—1st
prf. 7a: 114 V'118
i! 1st, 4-5-68, 1909
85
li 2d, 4-5-68, 1909
! 74
123
Miu’l Pt. Div., 5s, 1910.1
C.& L. Sup.I)iv.,5s,192l!
C. & N’west.—S.fd
Coupon,gold, 7s, 1902. J
1st consol.,7s, 1897
2d, 7s. 1907
102 V
*92
Tex.Cen.—1st
Trans’1—6s,’82-1922!
Panama—S.f.,su b.6s, 1910!
I....
C.St.L.itN.O.—Ten.l.,7s!*113
'
102
}
| 2(1.68,1031
! Or.&
94 V i
94
106 V 106 y
1st, IT. it I)., 7s, 1910.. !| noy
Ch. & Pac. Div.,6s,1
lbt.Chic.it P. W.,5s, 19211
! 9i y
1st, 7s, 1885
.
109
*107
..
....
i*09V
109
108
<
..
Div.—Reg., 5s..!
105
Belle v. its. Ill.
iSt. P.Minn.it Man
•
Middle
77 V
iibo"
-
1117
!
i
’102
.
I
UOVjj
104
105
J:
87 V 90 Vi
131
13 i e, i
120
122 ,i
109 V
76 V
jSt. L. Alton
V; |
.
-1
.....
110
....
Am.D’kit Imp.—6s,1921
60
1
1: Mobile it Ohio.—New. 6s. 107
Coll at. Trust, 6s, 1892..
|106
Bur.C.Kap. it No.—1st,5s
!
Divisional 5s, 1930
;
Morgan’s La. it T.—1 st, 6s
Minu.&St. L —lst,7s,gu
Eliz.C.dfc N.—S.f.,dob.c.6s
j 'Nash.Chat.it.St. L.—1st,7a Hi
IowaC. & West.—1st, 7 s
j! 1st, 6s, 1920
i
2d, 6s, 1901
:...
C.Bap.Ia.F.itN.—1st, 6s
LEliz. Lex. it Big S. —6s...
93
95
N. Y. Central—6a, 1883.. 101 V
1st, 5s, 1921
!128
Erie—1st,
extended,7s...
6s,
1887
•107 34 108
Central Iowa—1st,7s, ’99
2d, extended, 5s, 1919.. 108 | —
6s, real estate, 1883
101 y
Char. Col. it Aug.—1st,7s
3d, 7s, 1883
j*......:103y 6s, subscription, 1883.. loiy......
Ches.it Ohio—l’ur. m’vfd.
4th, extended, 5s, 1920.!
i
N.Y.C. it II.—1st, op.,7s
‘130
6s, gold, series A, l908.
1071-2
5th, 7s, 1888
j
I
!
1st, reg., 1903
.1130
90 V 90;j4
6s, gold, series R, 1908.
1st cons.,gold, 7s, 1920.
)129 V Huds. R.—7s, 2d,s.f.,’83 1063-t 109
5' v
6s, currency, 1918
lft cons., id. coup., 7s..! ..—
Can. So.—lst.int.g ar.os
94 y
300
103
Mortgage 6s, 1911
Reorg., 1st lieu, os,1908!*
118
Harlem—1st, 7s, coup.. I3i
Chicago & Alton—1st, 7s. *117VMIS !
Long
Dock b’ds. 7s, ’93.,*117
1st,
7s, reg., 1900
130
Sinking fund, 6s, 1903. 113 ,j)U
BumN. V.&E.—1st,19161 130
X. Y. Elev’d—1st,7s, 190(5 *116
La. <t Mo. Riv.—1st, 7».
111
1116
N. Y.L.E.ct W.-New2d 6i
96 V
iN.Y.Pa.itO.—Pr.l’n,6s,’95
Mill
2d, 7s, 1900
2d, consol., fd. cp., 5s. j+
96
;N. Y.C.itN.—Gen.,6s,1910 *4*6*
50
St. L. Jack.it Chic.—1st 117 V!.....
Buf.&S.W.—M. 6s, 1908
;
Trust Co., receipts
46
50
1st, guar. (504), 7s,’94
Ev. & T. IT.—1st, cons., 6 s j
98*
96
:N.Y. «t New Eng.—1st, 7s
2d (360), 7s, 1398
!
j! Fl’t it P.M’rq.—M.6s,1920 *
ill3
1st, 6s, 1905
2d, guar. (188),7s,’98.
ijGal.
Har.it S.Ant.—1st,6a *
!l06
N.Y.C.it St.L.-lst,6s, 1921
"
96 y 96 y
Miss .It. Hr’ ge
2d. 7s, 1905
1*107 1108
Nevada
103
Cent.—1st, 6s
e.B.&Q
j
126-\f 127 V
Mex. it Pac.—1st, 5s.
N. Pac.—(4. I. g..
*102
lst.cp.6s; 103V;103 V
i
i
2d, 6s, 1931
j
---Registered, 6s, 1921.... I
103
,10534 Gr’ii Bay W.itS.P.—lst.O.sl *77
'80**' N.O.
Pac.—1st, 6s, g.,1920!
8. F., 4s, 1919
89
87
i 87 V Gulf Col. its. Fo—78,1909
Norf.
it W.-G’I, Gs, 1931. 100
my,11134
Denver Div.—4s, 1922.
<101 V
82
1 83 V Han.it
St.Jos.—8s,couv..
i*
108*4
Ohio
&
Miss.—Consol,
s.
f.!
48,1921
UOVIllG V
SO- ! HLV
Consol. 6s, 1911
! 107 1108
Consolidated 7s, 1898
C. K. J. it P.—6s, cp.,191' ! 124 j 125
116 i
!
107 V108
2d consolidated 7s, 1911, -122
6s, reg., 1917
V;
j- 123 y 125 j
1(U y 106
1st, Springfield Div., 7sj
Keo.it Des M.—1st, 5s 1 102 y 103
1 st, Waco it
110
N., 7s
Ohio Central-1.st,6s,1920:
j
Central of N. J.—1st, ’(W) i*l 13
91
!
2d consol., main line. 8s; 120
1 st Ter’l Tr., 6s. 1920.. J
1 10 V 110 v!
2d, Waco it No,,8s,1915
1st Miu’l Div., 6s, 1921. *
11034'! General, 6s, 1921
!
Ohio So.—1 st, 6s, 1921....
Adjustment, 7 s, 1903..
i*0*6 106 Vi
Len.&W.B.—Cou.g’d.a*
13
Incomes, 1900.
S’thvv.Ext.—3 st.7s.1910
95
Pac. Ext,—1st, 6s, 1921
101 yioiy I St. L. it Iron Mt.—1st, .S
*113*4
Missouri Kan. it Tex.—
i 2d, 7s, 1897
1
108
Gen. eon., 6s, 1920
79
I Arkansas Hr.—1st, 7s... i 08
80
I
! 96
72
12
BONDS.
Ext.—1st,7s, 1909
1102
116
71
92
Do
Do
35
35
I
Registered
Funding 58, 1899
107 V
2d, 7s, 1891
—
IlDenv.So.P.itPac.—1st,7s.
i jDet.Mac. it Marq.—1st,6s
! i
!
Miun.itBt.L.—lst.7s,1927j
Iowa
*106 \
1st,cons.,guar.7s, 1906 *
!130
Eons. & Sar.—1st, coup.1 137
1st, reg., 1921
j*134 I
Denv.it Rio Or.—1st. 1900, 108
I 1st consol., 7s, 1910
I 88 V 90
(Stock Exchange Prices.)
Ala.Central—1st, 6r, 1918
Allee’yCeu.—1st, 6s,1922
Atclf.T.&. S.Fe—4 V.1920
Sinking fund, 6s, 1911.
Atl. & l’ac.—1st, 6s, 1910
District of Columbia—
3-65s, 1924
;
Small bonds
Mil.L.s.it \V.—1st,6s,10211
i
40
6p, new, 1866
!
6e, new, 1867
)
6s, consol, bonds
j
6s, ex-matured coupon.
6s, consol., 2d series
•
6s, deferred
.J
I
6s, 1886
45
C’mp’niise,3-4-5-Cs, 1912
t
Virginia—6s, old
toW.N.C. RR |
Western RR... I
Rhode Island68, coupon, 1893-99
;04
....
j
Small
Ohio—
6'*2
non-fundablo, 1888.!
Wil.C.&Ru.R.!
W’n.&TarRJ
Consol. 4 s, 1910
!
6s,
6s,
6s,
6s,
6s,
2d, 7s, 1885
A.&O
i
1 869;
,
Brown consol’ii 6s, 189 '■ 102
42
Tennessee—6s, old, 1892-8
6s, new, 1892-8-1900
41
6s, new series, 1914 ....i 41
Chatham RR
I
Special tax,class 1, ’98-9
Do
class 2
!
......
’87
Del. <t H.—Continued-—
Alb. it Susq.—1st, 7s..
Railroad Ronds.
6s, Act Mar. 23
1868-1898/
New bonds, J.itJ., ’92-8
111
A sk.
South Carolina—
Do
....
109
110
gold, reg., 1887
gold, coup., 1887
j
loan, 1891
1
loan! 1892
7334!
loan, 1893
70 < N. Carolina—6s, old, J.& J.
li Os, old, A.itO
'Jj
j Bid. j Ask.
.
1886
6s, due 1887
6s, due 1888
6s, due 1889 or 1890
Asyl’m or Univ.. duo ’92
Funding, 1894-95
Hannibal & St. Jo., ’86.
53
48
47
73
68
SECURITIES.
_
6s! dim
Louisiana-
78, consol., 1914
7e, small
_
Ask.
—
82 V 83 a4
Ex-matured coupon
84 V
j Michiiran —
100
102 V
7s, 1890
84 V 87
Missouri—
102
6s, due 1883
...
...
6s, 10-20S,
SECURITIES.
j
! Louisiana—Continued
ACh£^3toj5.1906
3 to 6, small...
Class A.
Class B, 6s, 1906...
Class C, 4s, 1906
Ask.
:
Bid.
SECURITIES.
80
73 V
2d, 6s, int. accum’lative
St’g 1 .it Rj'.-Ser. B.,inc.‘94
Plain incomes, 6s, 1896.
79 V
-Merlin ■ M t.Ry.—Inc., 95
St. L.A. ifcT.H.—Div. bds
Tol. Del.it B.-lnc.,6s,1910
■
avtou Div.—6s, 1910..
94
Tex.it' i.L.-L.g..inc 1920
37
65
75
16
15
.....
i..
.
fHE
166
CHRONICLE.
Quotations in Boston, Philadelphia and Baltimore.
New York Local Securities.
Insurance Stock List.
Hank Stock Last.
[VOL. XXX\ I.
Bid.1
SECURITIES.
A
[Prices by E. S. Bailey, 7 Pine St.]
sk.J
SECURITIES.
Aak.
Bid.
Cam. it
Par.
Marked thus r) are
not National.
Butchers’ & Drov’s’
Central
Chase
Chatham
Chemical
Citizens’
City
Commerce
Continental
Corn Exchange*....
East River
Eleventh Ward'
Fifth
Fifth Avenue* —:.
First
'
Fulton
Gallatin
German American*.
German Excli mge*
Germania*
Greenwich*
Hanover
Imp. & Traders’
—
frying
Island City*
Leather Manners’..
Manhattan*
-
-
Marine
Market
Mechanics’
Meclianica’& Trails’
Mercantile
Merchants’
Merchants’ Excli...
Metropolis*
Metropolitan
Murrav Hill*
Nassau*
New York
N. Y. Nat. Excli
Nin1 b..'
NovCs Ann-', let'
Not !; Rv. er '
Oriental*
Paciiie*
Park
...
Republic
*.
Slice iV Leather
State of New York*
Thud
Tradesmen’s
Union
United States
Wall street
West Side*
bp
Broadway
12 L
110
......
......
.....
....
.
100
140
no
120
90
230
210
70
90
117
70
90
115
1*0
135
110
250
00
115
.
......
123
j
......
.....
95
......
......
135
200
...
....
.
.
140
......
.
-
...
140
140
......
145
......
......
115
128
50
......
| 100
......
100
190
DO
I 100
100
Hi )
70
30
25
50
1 100
i
25
......
1 IS
131
to
.
......
145
I N. Y. E(juiiable....
......
L J0
120
!
...
125
'
1 3i)
1
155
lOu
!
i’oo
-
100
100
100
100
100
100
10)
40
130
Park
Peter
...
jj11 Relief
:
......
110
1 09
50
liO
.
25
100
20
50
50
50
100
24
50
100
100
25
25
25
10
50
0 I henix
i
15 4
70
25
North River
Republic
50
70
75
«>«)
Niagara
Cooper....
People’s
—
......
140
100
100
100
50
N. Y. Fire
N. Y. & Boston
New 5 or,, e it
j Paciiie
■--■
101
100
1^1
70
..
......
20
Rut vets’
Standard
Star
Sterling
Starve<ant
j Tr
inovmeu’s
......
United States
Westchester
...
105
100
(las and
170
.
50
St. NicholasSeventh Ward
"£?•
1504i 152
120
100
50
!
Phenix
Produce*
25
25
17
20
70
Clinton
■ 100
50
j Commercial
100,
Continental
40
Eagle
100
Empire City
30
Exchange
50
Farm gut
17
Firemen's
10
Firemen’s Trust—
100
Franklin & Emp..
100
German-American
50
Germania
50
25
Greenwich
100
Guardian
15
Hamilton
50
Hanover
50
Hoffman
Home
100
50
Howard
Importers’& Trad’s’ 50
100
Irving
.1 efferson
30
Kings L’ntv (Bkn.). 20
40
Knickerbocker
100
Lamar
Long Isl’d (B’klyn) 50
25
Lorillard
Msnufac. & Build.. 100
100
Manhattan.
25
Mech. & Trade's’
50
Mechanics’ (Bklyn)
50
Mercantile
50
Merchants’
50
Mouti iik (Bklvn.)..
Nassau (Bkiiu.) ...
50
37 L
! National
121
145
105
I GO
Exchange... 100
i Brook 1 vn
! Citizens’
City
1
25
1
Amer.
:
125
la 5
,
People’s*
Bid.
50
1 American
1
.
-
Par.
j Bowerv
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
75
100
100
25
100
100
50
50
3 00
50
10O
100
*.o
i
153
131
150
130
100
Broadway
t|
COMPANIES.
Ask.
Williamsburg City.
City Railroad Stocks and
150
110
1180
170
180
150
117
125
97
240
229
80
100
125
80
109
120
190
143
120
280
70
120
140
80
14 0
78
85
80
135
210
13 <).
180
85
75
75
70
112 u
110
53
00
113
107
5
25
130
120
130 r 140
04
75
100
no
110
105
1-10
150
102
95
145
150
?0
85
5
10
05
GO
150
1.5
103
103
109
170
1 1 8
i 10
i:».)
(0 >
H)S
no
i 40
145
;u>
07
75
85
140
120
105
]<>•)
75
70
50
CO
120
120
90
SO
125
135
120
120
220
200
121
Atch. & Topeka—1st, 7s.
Land grant, 7s
Atlantic & Pacific—6s
13
Boston & Maine—7s
Boston & Albany—7s ....
Os
Boston & Lowell—7s
Os
Boston & Providence—7s
Burl. & Mo.—Ld. gr., 7s
GAS COMPANIES.
!
*
Par.
1
|
Brooklyn Gas-Light
Citizens’ Gas-L. (Bklyn.)
I
1
|
|
1A mount.
1
lv-S
Mutual (N. V.)
Bonds
Nassau (Bklyn.)
Scrip
."
New York
1 oople’s t, Bklyn.)
Bonds
Bonds
Central of New York..
>eS!■
Williamsburg
Bonds
Municipal
^’V0*
82*112
pc.
5
Nov.,
Var’s 3
Jan..
A. & O. :>'•_» Oct.,
F. & A 3
Aug.,
J. & J. 7% Jan.,
&
J.
J. 5
Dec.,
M.& s. s
Var’s
Bid.
Ask.
*
83
73
82
82
83
82
’83
105
98
.
/ .>
110.
100
155
100
230
240
xl 90 -1 92
100
100
Bonds
Fulton Municipal
1%'Feb.,
1,000,0001 Quar.
1,000,000 A. it O. 3
1,000,000 M.&N. 3
5
3,000.000.
750,000 M.itN. 0
[i Del
Nebraska, Os
Ex.
Nebraska, -Os
Nebraska, 4s
Chie.Burl.it (J.—D.Ex
BrckerSt.it Fult.F.-Stk
I
’8
’8
.Oct.,
[.Jan.,
jFeb.,
’8
’8
1888
I
*
Easi’rn, Mass.—4%s, new
Fort Scott & Gulf—7s.*...
Hartford & Erie—7s
K. City Lawr. & 80,—5s..
K. City St. Jo. & C. B.—7s
J ittlo R. & Ft. S.—7s, 1st
Mass. Central—6s
Mexican Central—7s
N. Y. & N. England—Os..
27
112
145 %
103
210
110
209
..
112"
90
20
71 %
7s
*
riua column allows last dividend
on
105
115
|
Ogdcnsb.& L.Ch.—Cop 6s
Income
Old Colony—7s
Os
C’ons 5s, 1895
i
Vo'
11thaea&Aih.—1 st, aid ,7s
38
Junction—1 st, Os, 1882...
114
95
25
.
....
101«4 105
L—1st, Os.
2d, 7s, rog., 1910
Cons. Os, reg,, 1923
Cons Os, cp, 1923
N. O. Pac.—1st, Os, 1920.
No. Penn.—1st, Os, cp.,’85
2d, 7s, cp 1890
Gen., 7s, reg., 1903
Gen., 7s, op 1903
133
121
120 V
SO Cj
103 i
—
117%
no
....
115
82 H
108
182%
55
100
155 %
100
5.)
Pliila. Newt. & N.Y.—Is
Phil. & It.—1st, Os, 1910..
2d, 7s, coup., 1893
Cons., 7s, rog., >911 —
Cons., 7s, coup., 19 ! 1 ..
Cons., Os, g., l.Ii.C.1911
.Imp., Os, g., coup., 1897
Gen Os, g., coup., 1908
Gen., 7s, eoup., 1908 —
......
.....
01
58
......
22 %
103%
......
121
126
>03
88
8
80
>
A
,
86%
00
93
j
20
7s, coup., 1900
Pitts. Titus. & B.—7s,cp
unbury & Erie—1st, 7s
W.—1st, 5.-
ST*
30'4
2d, Os, 1938
!syr.Gen.& Corn.—1st. 7s.
i,
•Texas &
Paciiie—lst,0s,g.
Bio Or. Div.—1930
j Warren & F.—1st
,
7s, '90
j! West Chester—Cons. 7s..
I
West Jersey— Os, deb. cp.
1st, Os, coup., 1890..—
1st, 7s. 2899
.
(’ons. Os, 1909
W. Jersey* A :1.—1 s’ ,0s,C.
'Western Penn.— Os,coup.
;
.
2
;
I
17
16%
95
i'iUnp’*ed N. J .—Cons.Os,’94
;
STOCKS, i
94-a
Cons, Os, gold, 1905 ....
1 lie. & I,. Gl\, 7s, 1915
Union & Tiiusv.—1st, 7s.
PHILADELPHIA.
20
Cs, 1\ B., 1890
iT6’’illu52
105
..
Gem, 7s, coup.. 1901
CANAL BOND-,
Del.—lst.0s.18SG
Lehigh Nav.—Os,reg., 84
i Mort. UR., reg., 1897 ..
Cons., 7s, leg., 1911
*
Greenw’d Tr.f 7s, reg...
•M orris— Boat Loan rg., 85
jPennsvlv.—Os, cp., 1910..
Sehuyik. Nav.—1st,Os,rg.
j
85
102 34
(’lies. &
00
22
50
53
—
140
40
58
70
14
29
04 %
......
....
Nesrjpiehoning Valley*
Norfolk & West'11—(Join.
.
43
55
00
00
Philadelphia & Erie
18%
......
G7
00
Phila. Wilm. & Balt
Pittsb.Ciu.ifc st. L.—Com.
St. Paul & Duluth—Com.
Preferred
United N. J. Companies..
West Chester—Cons. pref.
West Jersey*
West Jersey & Atlantic..
CANAL STOCKS.
189%
49%
31
Lehigh Navigation
38%
-
...
Preferred
RAILROAD BONDS.
13%
50
BONDS.
—
20
Inc
i
iBalr.&Ohio—6s,’35, A.&0
% Columbia& Grconv.—lsts
!
01%
39%
RAILROAD
!Atlanta & Chari.—1st
2ds
N. W. Va.—3d, guar., J & J.
Pir.tsb.&Cou ells.—7sJ &J
40
No.Central—Os, ’85, J.&J.
6s, 1900, A. & O
190
6s, gold, 1900, J.&J....
Cen. Ohio.—6s, lst.M.&S.
W.Md.—Os, 1st, g., J.&J.
31%
1st, 1890, J. & J
-i
2d, guar., J.&J
2d, pref
2d, guar, byW.Co.,J.&J.
Os, 3d, guar., J. & J
13% Mar.&Cim—7s, ’91,F.&A.
M&N
| I 2d
124%' ! 8s, 3d, J. & J
I Riclini. & Danv.—Gold, 6s
250
115
7s, E. ext., 1910
Inc. 7s. end., coup., ’9448
Belvid’e Del.—1st,Os, 1902, 120
2d, Os, 1885
104
122%
120
..
105%
3d, 6s, 1887
_
48
112
10534 100U
75
78
105
101 %
73
74
121
121
100%
114
10934
.
(| 8s
—
iWil. & Weldon—Gold, 7s.
113
t lersharo.
no
11134
Uo
131*8 131%
10134 102%
55'
54%j 94%
93
%j[ Union Rll.—1st, gua.J&J 115*8
lOS^a110
Canton endorsed.
i2iyj| ▼irginla & Tenm—6s
c.,’89,
1
49
......
.
’9$
203.
131
100
|
_
20%
129
124
|Ceiltral Ohio—Com
50
I Pittsburg & Connellsville
|
......
Pai
109 250
Northern Central
50
Western Maryland—50
.
44%
liO
90
i
BALTIMORE.
14 %
150
■RAILR’D STOCKS.
05
Baltimore & Ohio
1st prof
00
2d, pref
Wash. Branch
54
Parkersburg Br
58
Preferred
Northern Central
North Pennsylvania
Pennsylvania
87
106
'*•
; 2d, Os, reg., 1907
G-%
Pliila. Ger. & Norristown
Pliila. Newtown & N.Y..
Pliila. & Reading
ii'f%
•
•
139
Preferred
Little Schuylkill
Minehill & sell. Haven...
;6
123*"
iimb. llaz. &
.
>20
9i
Rich.& Dam—Cons.int .G>
bamokin V. & Potts.—7>-
Old Colon v
1 30
1 12 %
Portland Saco & Portsm.
121
*120
Pullman Palace Car
15
Rut 1. ud—Preferred
no
Revere Beach &>Lvnn
4b
’Pol. Cinn. & st. Jamis
1131
Venn’t & Massachusetts
57
'Voices er & Nashua:
Wisconsin Ceirral
18% 19
Preferred
25% 2 j
Schuylkill Navigation
943.1 95
.
Phil.Wil.& Bair.—Is.tr.c;
Piits.Cin.& St.L.—7 s, re;
0;
150
41
1 ! 1
100
125%
111
Scrip, 1882
7s, U. (’., 1893 4
Conv 7s, coup, oti, 1893
Conv. 7s, ep.off, Jan.,’85
Conv
......
03%
120 la
120
Conv.
Debenture conn., ' 893i
Dob. coup, off, :893
99
87
32
i’2i%
Cons. f;.s, 2d ser.,e.,
120
Common
Iowa Falls & Sioux City.
Little Rock & Ft. smi'h.
Maine Central
Manchester & T.awrer.ee.
Mai q. Hough i’ll & On ton
Preferred
Nashua & Lowell....
N. Y. & New England
Northern of N. llampsh.
Norwich & Worcester
104%
1933
Aiij. Berip,-’85-88
......
47
90
89
117
no
2.) r8 20%
Flint & Rcre Marquette.
Preferred
Fort Scott & Gulf—Pref.
Ex-dividend.
i
1 licome, 7s, coup., ' 890
Cons. 5s, 1 st scr.,e., 19.22
...
90
8J
Eastern, Mass
Eastern, New llampsh..
Fitchburg
*
im‘*
'3.
IT
n’r,
,
102
10 1
Allegh. Val.—7 3-10s,
stocks, but date of maturity of bonds.
i
103
l2°
&Erio—2d.7s,cp ,'88
Cons., Os, 1920
Cons., 5s, 1920
.....
Boston & Lowell
Boston & Maine
Boston & Providence
Cheshire, pt eternal
Chic. & West Michigan..
Cinn. Sandusky & Clove.
Concord
Connecticut l iver
Conn. & Passumpsic
Connotton Valley
Cam. & Atubov—Os,
Mort., 6s, 1889
l;-~
10l%101%
Pcrkiomen—' st, 0s,ep.’87
80%
Boston & Albany
Boston Clinton & Fitchb.
108
113
102
115
!•••-*••
|L<o%
119
125
125
104
Pliil
Pennsylvania
115
121
7, 1900
......
Main line
STOCKS.
Atchison & Topeka
110
120
,
13
12
Dayton Division
2d, Os, 1900
LeliiuhV —1st,Os,re ir.,’98
1st, 0?, coup , 1893
Oil Creek—1st, Os, coup..
Pennsvlv. —G en., Os, rog.
Gen , Os, cp., 1910 —..
Cons., Os, reg., J005
Cons., Os, coup., 1905...
Cons 5s, reg., 1919
Pa. & N. Y. C.—7s, 1890.
Li 3 %
Rutland—6s, 1st
IUU
.
......
Pueblo & Ark. Val.—7s..
117
5s, perpetual
iHarrisb'g— 1st, Os, 1883..
JJJ |H &B.T—ls',7a,g., 1890
no
,
113 ’4 I
Debenture Os, reg
t> 9
Norfolk & West.—Gen .Os
113
N. Mexico & So. Pac.—7s
'
1 888
71%
105:U .00
......
Sonora—7s
T. Cinn. & St.
Income
1st, 7 s
Pljila. & Trenton
<
-
CO 'T*
& Round Br
101 %
Preferi ed
Lehigh Valley*
”
M.&N.|'7'
V.—1st, 7s, 1901
rs
’East Penn.—1 st,
......
Hiintingd'n & Broad Top
i
1,000
_
80
83
34
3i %
60
no
112
Buffalo 1’ittsb. & West'11
Preferred
Camden & Atlantic.
Preferred
Ca'awissa
1 st prefei red
2d preferred
Delaware & Bound Brook
E ist Pennsylvania
Elmira & Williamsport..
Preferred
liar. P. Mr. Jov & Line r
1,500.000
100
id 4
......
—
It A I LItOAI)
900,000 r. it J.I % Jan., ’S3 24
094,000 J. it j.i 7 (July, 1900 107
100 2, lot),000 Q.-J.
2
Br’dway it 7th Av.—Stk.
Jam,
’83 143
1st mort
1,000 1,500,000 J. & 1). 7 jJune, ’84 102
10 12,000,000 Q.-F.
3'2 Feb.,
Brooklyn City—Stock
’83 210
1st mort
1 1,000
300.000 M.&N. 7 |
|102
100
0
Br’dway ■ Bkln.)—Stock.
Jan.,
’83 190
200,000 Q.—J.
100
400,000 Q.-J. G
Bklyn. Crosstown—Stock
Jan., ‘ ’83,150
1st mort. bonds
1888
1,000
300,000 Q.-J.
jioH
Busliw’kAv. (Bkln)—S ’k
100
J.
<t
J.
500,000
Jan.,
’83,150
100 :1.800,000 Q.—J.
Cent.Pk.N.&E.liiv.-Stk
Jan.,
’83 144
Consol, mort. bonds
1 1,000 11,200,000 J. &1>.
Dec., 1902; 115
100
Christ’ph’r& 10th St—Stk
G50,000|F. it A.1 2*2 Aug., *82,108
Bonds
1898
1,000
250,000 J. & J.j 7
j 10(3
100 ,1,200,000 Q.-F.
Feb.
DryDk.E.B.it Bat’y—Stk
1st mort., consol
500ite.1 900,000 J. & D.j 7
June, ’93 115
100 1,000,000 Q.-J. j 3
’83 250
Eighth Av.—Stock
.Jam,
1st mort
J.
it
Jj
7
-03,000
Juno, ’84 100
1,000
42d it Grnd St.Fry*—Stk
100
748,000 M.itN.| G
Nov-., ’821250
1st mort
1,000
230,000 A. &O.I 7
April •93 110
1
Central Cross’own—Stk.
100
600,000
78
1st mort
1,000
200,000
Nov., 1904 103
100
Houst. W.St.ifc P.F’y-Stk
80
250,000
1st mort.;
500
500,000 J. & j.j 7
July, ’94 1 10
Second Av.—Stock
100 1,199,500 J. & J.I 5
’83 177%
Jan.,
3d mort
150,000 A. & O.! 7
1,000
April, ’85 103
Consol, oonv
1.000 1,050,000 M.&N. 7
Nov., '88 100
Extension.
500&o,
200,000)M.it sj 7 Sept., ’S3 Hi
Sixth Av.—Stock
100
750,0001 M.&N:I 5
Nov., ’82 240
1st luot i<
1,000
500,000 J. & J.i 7
July, ’90 110
100 2,000,000 Q.—F. i 5
Third Av.—Stock
Nov., ’82 270
1st mort
1,000 2,000,000 J. & J.! 7
July, ’90 110
t
100
000,000, F, & A. 4
Twenty-third St.—Stock.
eb., ’83 155
1 at mort
250.000 M.&N.1.7
1,009
May, ’931113
1st mort
110
y
] ;>
103
—
Conn. & Passumpsic—7s.
Connotton Valley—Os
5s
Ca 1 ifornia Sou t hern—Os..
Allegheny Veliev
[Quotations by 11. L. Grant, Broker, 145 Broadway.]
-i-'i
Now 7s, rog. & couj)
.
F. & A.
’83
S,500.000; Quar. 2% Jan.,
1,500,000 M.&N. G |
It) 82
1,000.000, VarV 3
Sept., ’S
700,000: M.&N. 3% Nov., ’8
5
4,000.000 M.&N.
jNov., ’8
l.ooo.ooO' i. cfc .r. J%J an.,
’7
3
1.000
“a
Nov., ’8
675,OOOjM.&N.
Var’s
125.000' Var’s 3 .Oct.,
’8
50
400,000)F. it A. 3 'Aug., ’8
50
I
.....
...
115
102
Chat. M., 3 0s, 1883
;
iCl:art
Ogdensb. & L. Champlain
100
1.000
25
Var’s
100
10
1,000
Metropolitan (Bklyn.)
5s !
' * i '
!
$
25
2.000,000
20 1,200,000
Bonds
1,009
315,000
50 1.850,000
Harlem
20
Jersey City & Hoboken..
i 750,000
50 4,000,000
Manhattan..'.
!
100 2,.">00.000
Me trot toll tan
Bonds
500 j
750,000
'yp
Period
|^l
i
......
..
[Gas Quotations l*y Prentiss & Staples, Brokers, 11 Wall Street.]
113%
93 %
19 %
93
J ncome
...
Ronds.
All.—1st,7s,g.,’93
2d, Os, 1904
J
Cons., 0 p. c
BOSTON.
...
Amer. Exchange...
Bowerv
If
i
Ask.
Bid.
100
IS
PRICE.
PRICE.
COMPANIES.
10W'K-i
12-3412.)14
120 —
liWilm.C. & Aug.—Os
X I n default.
§ Ex-rights.
February 10,
U83.J
THE CHRONICLE.
RAILROAD EARNINGS,
The latest railroad earnings and the totals from Jan. 1 to
latest date are given below.
'
167
New York City Banks.—The
following statement Bhows the
condition of the Associated Banks of New
York City for the
week ending at the
commencement of business on
.
Feb. 3*
K.CFLS J.0
Latest
Road€.
Week
Bnr.Ce/LR. A No.
Cent.I3r.Un. Pac.
Central Iowa—
Charl.Col.AAug.
.CLesap. A Oliio.
Chicago * Alton
or
Earnings Reported.
210
1883.
January...
3*1 wk Jan.
January.
1882.
$
50.310
44.733
4 th wlc Jan
1th wk Jan
.
4th wk Jan
Cliic. & East. Ill. 4tli wk Jan
Col. Hock. V. AT. 4th wk Jan
1st wk l*Vb
3d wk Jan.
67,134
95,509
3d wk Jan.
3d wk Jan.
22.609
11.721
110.925
4,379
Grand Trunk...
Wk.Jau.27
Gr.BayW.&St.P.
4tli wk Jau
3 wks Jan.
4111 wk Jan
1.382,700
10,151
tl 3,259
50,591
100,10-,
8.939
37,033
22 4,625
15.513
18,315
43,097
40,359
2 28,67b
267,314
2;>,00O
1,255,912
•
7.8 11
In-lBlooin.A \V 1th wk Jan
Int. A Gt. North. lth wk Ja:
A Gulf 2d wk J.tn
L. Erie A West’ll 4th wk Jan
L.R. A Ft .Smith January...
75,33(
120.021
LKk.M.Eiv.AT. January...
Lon" islauil.... 4tli wk Jau
Lonisv.ANashv. Jthwk Jan
Mexican Cent.: 1 st wk Jar
Do
No.Div 3d wk Jan.
Mil.L.Sli.A West lth wk Jan
Mo. Kan. A Tex. Lth wk Jan
Missouri Pacific*. lth wk Jan
Mobile A Ohio.. January...
Metropol. Kh-v. 25 dvsJan
N.Y. Elevated. 25 dys Jan
N.Y.AN. Eu«rd January...
Norfolk A West. 3 wks Jan.
Northern Pacific 4th wk Jan
Ohio Central
4th wk Jan
Ohio Southern.. 4th wk Jan
4th wk Jau
3d wk Jan.
4tli wk Jau
4tli wk Jan
3d wk Jan.
Bt.L.Iron Mfc.AS lth wk Jan
Bt.L.&Sun Fran. 4th wk Jan
St. Paul A DuL. 4tli wk Jau
fit. P. Minn.A M.
Latest
41,801
131,691
37.013
55.371
35.407
22,600
31,171
373,280
23,777
35,407
129,256
322,707
121.593
1,115,000
901,527
11,666
20,153
132,99181,795
23,882
10,051
378,000
19,710
9.188
42,100
22,970
8,729
240,536
102,248
120,157
213,841
*113,208
392,«)36
98,319
215,309
90,854
32,050
393,389
07,755
75,532
37,053
378,60:
24,102
150,3 0
32.993
5 (.483
11 19,800
1132.900
123,454
70.160
26,006
7,793
153,331
107,228
G6.950
23.168
21,02b
GO 5,259
273,321
71.498
89.093
20.182
12 4.51 A
510,369
250,784
05,592
395,401
35,753
323,987
489,763
38,615
53 1.529
80,002
1,732,000
130,314
1,307,783
21 896
69,433
1.903,000
130,187
1,229,905
15,920
Jan. 1 to Latest Date.
1881.
$
552,070
159,67 G
1 S3,322
208,613
260,083
Earnings Reported
18S2.
400,160
253,266
393,339
18,3 40
05.293
732,541
216.608
17 4.297
159,070
25,504
116,000
65,3-1
554,049
183,322
81.405
113,268
29,831
........
208,643
213,841
98.349
79,151
258,266
Wt(korMo‘
1832.
ltSl.
$
$
$
Ala.Gt.Southero December.
94,779
86.897
856.724
789.372
Atch.Ton.A S.Fe 'November. 1,331,470
1,303,335
13.296.823 11.125,750
Buff. Pit tsb AW.* December.
57.305
55,535
767,435
593,908
Central of Ga... December.
410,172
402,027
Central Pacific. December.
Cliic. Bur. A Q.. November. 1,968,000 2,225,17b 25.713,150 24.094,099
1,816.133 19,523.741 19,270,965
Cincinnati South December. 2.199,421
203,814
236,599 2,543,356
Conuottou VaL. December.
20,012
Banbury
Benv.A
A Nor December.
R.Gr.W. December.
Hous.E.AW.Tex
12,724
31.900
December.
26,070
430,182
Hous.A Tex.Cen December.
Louisa. A Mo. R. November.
Louis.N.A.ACii. November.
59,102
122,000
23,00 )
116,448
Mar.Hougli.A. O. December.
Memp. A Chart. December.
Mexican
Nat’l..
Muui.a St. Louis December.
December.
15,190
21,842
260,360
370,877
42,041
105,728
3,175,389
490,022
3,748,055
410,702
83,000
........
19.000
1,197,426
137,399
903,519
.
........'
........
_
*
f
P
'-'■•-J n-
nuau.
Ain?lx‘'
es}rr|mg:s only.
1
llne3~tuoluding Chicago.St. Louis
A New Orleans.
Coins.—The following are quotations
NQVrS^lgU8
1TSUl
Xftnfeichmarks-
,**•
$4 S3
®*4 87
3 83 ® 3
4 73
3 90
35
Mex
FinLiWKOUS**15 5d
87
n 4 77
® 4 00
«* 15 75
®15 05
1 09 ?8® 1 11%
8nSSnl'8iG
teblo<>ns-]5
..
SSSoft&s: -prem
par
5,713.5 Hi
1,000,00(1
422,700
1,500.000
6.314.100
Do uueoiniuereT.
....
Pro**, silv. thalers.
U. S. trade dollars
U. S. silver dollars
—
—
99 V#
92 ®
—
86
—
85% t
ti>
08
#
—
—
—
—
4 75
—
par.
95
9914#
99\ <t
—
8634
-6
4 83
7* %
-
—
915a
par
15
Hanover
2,310. lOO
3.762,000
1.5.51.300
2,779 8jo
1,000,000
Irving
Metropolitan
8,42*5.9 )0
500,000
3,446,OjG
3,000.000
....
Citizens’
Nassau
Market
3t. Nicholas
Shoe A Leather..
078,7.>0
5.303.900
450.00*'
200,000
700.000
IV,500.000
000,0*0
500,000
2,459.0jo
2.311,Ino
500,000
2,8* *7, loo
2,4 :5 7,j0
500.00;
2.8. 7,Ut»0
500,000
Corn Exchange..
1,000.00c
4.538.800
Continental
1.000.000
5,127,600
Oriental. ..•
300.COr
2,( 5 MOO
Marine
400.00G
3.417.000
Importers’ A Tr J I.500.001* 19,4; 8,5001
Park
| 2.000.00'J 17.492 5)0
Wall St. Naiiou’I
500.000
1.527.800
North Itivor
2)0.000
1,50 7.0JO
j
East Piiver
250.000
1.230,6:
>o
j
Fourth National.1 3,l-:O0.n0O 15,303 0 )0
Central Nat
2,000.000
7,219.000
Second Nation’!
J500.GOC
3,314.000
Ninth National..
75),00(
6.3 *3,400
First National..
500.000 15,78 *,0.5(4
Third National..
X
0,0 IS, 7 >p
N. Y. Nat. Exch..
300.000
1,39.',4 0
250.000
Bowery National
1,846,9:50
N. York County
200.000
1.741.900
iorrn’n Americ’n
75 '.000
2.497.2(501
Chase National..
3 0,' '00
5,**C0 2 )0!
Fifth Avenue....
100.010
1,039.1 OP
German Exch.
200.000
1,662,40*
Germania
20*',000
1.654,00c
IT. S. Nat
5f *0.000
4.8ilS,60G
Lincoln Nat
800,000
1,333,500
•
.
fog, too
151.*>0(
88.000
21.50:
189.400
35 4.20s'
180.7d(
583.20'
200,700
P‘-6.30*
8»*1 3.)l
4 ;3.5‘.)*'
83*9.8 )0
8 2.3jr
70.101
279 DO1
1.513,8)*
594.9 )<;
2.2SU.0,)
8013)!
202.100
573 9.):
183.6 if;
84 8
OrKOo;
5,l92,S(/i
5.020,100
297,60*
15,000
71.100
4.910.00*,
937.00*
482 O
8,533,8
382 4
1
•*
210.9
Loans and discounts
following
*
Feb.
3
1883.
Jan. 22..
2*..
Feb. 5..
‘
15
L. Tenders.
$
23.3
01,605,200
Specie.
%
L.
$
150,207/00
15\517,400
Feb.
7,425,300
Loans.
$
73.717,575
74.615,037
74,725,573
218.000
539,9 X
207.0-X
90,000
581,300
100,209
0,o3ri.VOO
! ,091,800
1.818.450
26 5.000
222,700
180,009
1,922.81)0
2.239,2 )0
5 0(T 2 )C
2.--50 4 0
1.8V0 7‘-0
1.70S,'. 0 .■
5.091,0 )T
1,438.9 X
43,000
......
......
447,700
45,000
3
*
.
730,795,630
9,126,10)
307,182,200
16.9S5.80)
Bost.Il.AE.—Newst’k
Deposits.'
mort..
Buff. N. Y. A Ph
*
9*,516,690
94,407,800
94.0S*J,7OO
totals of the
*
20,816.390
71,393,871
29^/23,900
2GJ88.500
68.95S.173
Deposits.
20,013.953
19,040.^2
9.803,291
20,199,7iU
67,139.951
07.418,233
08,125,732
9,719,54 F
Following
are
a
Circulation.
—
Denver ARio. Gr.West 25
1st mort
70^2
Georgia Central
90
Guar. 1st
1121e
Certs, of indebt
Ga. Pae. R’y., 1st m..
Grand Rap. A lud
lnd. Dec. A
Springf... 4
1st mort. fund
Intern’l Imp. 80 p. c.. 49
Mo. K. A Tex. gen.
mtg 77
Mex. Or. Interucau’o
A Internat. scrip..
4
Mexican. Nat
84
....
m
m
m
m
....
Preferred
25
1st mort
477s
p.c
34
H
25
p c
90
Certs.. 20
Newb. D’teli A Conn..
1
Pref
2*3
Incomes
15
3514
57
90
3312
*
sub
Rubs. O. A W..75 p.c
N Y. Bus. a West.--Stk
N.Y.AGr'nw’dL.2diac
2 7 hi
71
100
....
93
82
20
8
99
51
80
8
11
30
49
100
23
33
70
7(j»8
7578
70
0
O
N.Y'.ChicASt.L, equip. 100
56.029,103
0.750,473
51,787.302
54,S9S,vt9
quoted at 33 New Street:
Bid. AskerT.
8178
85
Pa. A Ohio
Nortli Pac. div. bonds. 8934
9044
No. Riv.
Const.—9i>j).c 101% 105
Ohio C.—Ex bd. A stk
Ohio C.—Riv. Div. 1st. GO
OO1^
Incomes
15
llSg
Oregon Improvem’t... 85
90
1st mort
91
91*«
Or.Ry.ANavRights..—
....
Oregon Sk. Line deliv¬
OD
N.Y.W.Sh.ABuff.—Stk
5s
Agg. Olea~.
f
___
105
Preferred
51
1st mart
959*2
Cal. & Chi. CaTA Dk.. 25
Chicago A Atlantic... 15
68.837.941
Philadelphia banks
L. Tenders.
$
N.Y;L.&W.—Sp.c.g.stlc
N. Y.
3lhi
533,749,830
Circulation. Agg. Clear.
*
5,135,390
5,314,309
5.203,900
l2
38
Old
73B.iMtl.0U
16.645,200
the totals of the Boston banks.
Tenders.
Am. Railw'’y,Imp.CoEx bonds and stock. 11
dcLwli.ias.oa oid
......
0,110,7 *0
10,52 >,000
Bid. Asked.
ContiuVlCoua.-go
)f
Circulation. Age. Clear.
due to other banks.”
Unlisted Securities.
B’klyn El.—1st
270.000
1,300,403
45,i.00
are
follows:
5
,400
>
j
0,453,100
7,05G900
151,093,600
i9
4.000
:
g
23,030,400
Banks.—Following
Loans.
1883.
Jan. 22
....
427,0:0
17/5S.00C
S.tOO.C'OO
3.8 *7 0,5(5
100.200
Deposits.
J;
Philadelphia Banks. —The
*•
6j:
-----
Includim: the item
are as
.
...
Specie.
...310,160,800
Boston
.
429,900
l,507,Oi)f
$
20....317.4*0,800 62,687,700 23,064,470 303,300.300
17.470.200
27....3 la,905.400 63,*-»:47,700
n.
*
45U.009
265,5 X
], "80,10*.
274,100
143,400
the totals for two weeks
are
Loans.
J
240.000
3.423,0,).-.
1,528.3
153.20C
ered when issuoc...
Subs. 80 p. c
Bubs, ex-bd. A sti...
Or.Trans-C.-Sb. 8op
Pensac. A AtlaDic
1st mort
Pitts. A Western
c.
Preferred
15
105
25
53
-m
m
m
.
m
+
.
Ex-bond
Texas A St. Louis
1st mort., M.AA. div
Tol. Cin. A St. Louis..
94%
.
*
■
„
m
m
m
m
Rich. AD. Ext. subs.70^ 52
St. Jo. A West
St Jo. A Pacific 1st. 60
2d mort
18
Kans. A Neb., 1st... 59
2d mort
17
Tex.ACol.ImD.—60p.c CO
10
....
1st mort
8
43
Iucomes
IO^j
Tol. Can. So. A Dot
Vic -sb’g A Meridian.
Prcf
1st mort..
2d mortIncomes.
Valley RR of Ohio
1st inoi t.
.
5,400
23,030.400 307.182.2.50 16.045 290
Dec.
.
45,000
previous week are as follows :
1444.6X | Net deposits
De:. fl,943,9CO
2,332.5)0 1 Circulation
Dec,
340,000
321,000 1
Dec.
\.l)eo.
Letrul tenders
1883
•
rroru returns of
Specie
The
•
480.0 X
2,r33.(»0C
6.3.0.3i:r
1,097.000
8,9 '0 2)(,
21,5*18,4,y
2J.5 4(.',0.)(
252 000
**'
701,000
1.075.2X
3.3- 2.0i>.
10.472 Tof,
2.004 2,jf;
2,048 loo
2.39 ?>»();
2 003 8,)/
3.739
534,000
Total
Tae deviations
,3-JO
220,'‘00
185.000
255.8:00
387.1no
200,000
101 20*
888.5't
038 0 )6
805.2)0
1.7,'0.1(5/
106.300
48,00(1
21,3)0
2.8!7 4v
0.070 a,y.
1,1 Hi.Of).-;
251, lOO
18 >,800
9t,5.)n
39 5 0 )*.
530,0)0
3.307 0(K;
4.142 3 V.
780.900
1,119 7 ;<
2,237.700
8.814.800
4.527.200
0.V4 5.5.10
2.403 IOC
■
175.000
230,001
27 90
005.006
003.700
0.)80.000
1.30 8,000
407.000
415. 00
41V) 00U
771.700
103 OOC
25",5 X)
492 nc
70.100
lf'O'rvi
281.766
772,5X1
233 9)0
128,000
2.000
1.2>2 9.50
3.337 7o*
189 000
249.003
JSl.oitO
70S 90(*
>
......
1,070.500
1,031.200
i
.
.
780.306
2,033 00o
537.800
1.140.4,5,
.
207,090
2.004.000
1.275.900
12.421.3 Jo
3.1b7.90t;
20: .000
'v
.
i.166
2.V20.O00
8 851 4 50
210.300
OO.HiXj
1,6! 8 600
,
359,8 X)
3.631 300
0.6)7.000
153.100
214.000
57 r.oot
703.000
405,000
0.5t 9,< 00
770.700
30
>
8.002.00.'!
5.437,000
5.797.100
i-2*;, 100
19)0)0
898.000
710,800
2S9.00G
•2,696.000
2 082,50*1
..
Mieh.AO.--Subs.55
in gold for various coin*-:
Silver *4,s ami ^s.
Five franca
Mexican dollars..
English silver
1.000.000
All.A Pac.—B!*k8,35£.iC3
07,204
126,594
Nasliv.Ch.ASt.L December. 147,701
180,352
173,127 1,933,047 2,075,258
N.Y. L.E.A West,
November.
northern Cent.. December. 1,818,824 1,715,409
490,003
476,623 5,800,176 5,443,700
Ohio A Miss....
343,V93
260,425
Oregon A Cal... November.
November.
112,000
Pennsyivaiiia
December. 4,157.169 3,731,751 49,079.826 44.124.178
fhiadeln.AEri
335,512
232,772 4.011,413 3,454,309
Phila.A Reading December.
December. 1,795,371 1,850,889 21,834,598 20,770,101
Coal Air.
December. 1,069,829 1,380,788 15,099,085
14,090,941
Pt.Jolinsb.AL.C.
24.5S4
19,489
South Carolina. November.
241.132
198,105
December.
149,010
120,001 1,313,746 1,245,235
Utah Central
Decern be.*.
156,742 1,508 660
Vicksb’rgA Mer. December. 117,245
67,828
West Jersey
07,897 I
485.375
December.
72.931
1.103,-79
938.526
Sol inrlmiir
+
M.USt’kTrus
195,82 4
235,223
GO,301
126,703
37,(513
22,000
07,432
wk Jau
Bcioto Valley... jdtli
January...
35,015
35,753
Texas A Pacific. '4th wk Jan
184.933
101,427
Tol. Cin. A St. L
80.002
January...
69,433
Union Pacific....
January... 1.732.000 1,963,000
Va. Midland
3d wk Jan.
110,807
110,7-00
Wab.St.L.A Pac. 4th wk Jan
372,015
312,040
Wisconsin Cent. 1 st wk Jan
21,890
15.926
Roads.
1,019,453
11,627.000
People’s
North America..
113,701
55,371
199,451
276,941
210,00)174,287
260,053
Oregon R.AN.Co January,..
28,710
56,216
3 4.800
45,0 t
29,83'
4,105
19,461
Peo. Dee. A Eve.
Richm.A Danv.
St. L.Alt. AT.il.
Do
(bichs.)
St. Louis A Co wo
55,832
82,100
23,087
Republic
Chatham
4 0 20r.
470 0 )1
994,500
2,282.409
1,201,200
3,733 9,10
5,000.001,
5.000.000
.
Pacific
221,625
242,907
1,090 9-4
25,501
72,342
125,60 L
..
411.200
876 70C
3,180,300
1*12,000
200,00f
000.000
300.00V*
8GC.000
Commerce
Broadway
Mercantile
68.760
67,660
179,591
1,053,020
248,142
312,138
January... 1,058,020 1,019,453
221.007
588,700
24,626
1.552.300
431,900
3.552.100
4.000.4.1O
1,744,000
1
409.1-00
481.400
] 09,00*.
449.000
01,0-30
118.100
494.500
339.930
148 500
1V5 800
3,* 59.800
3,19 L,700
12
2.0.cor
Greenwich
Leather Man’f’r?
Seventh Ward
State of N. York.
American Exch
133,606
23,836
113.796
72,S 42
37,227
Mechanics’ A Tr.
218,599
32,022
245,282
292,91*
242,907
23,710
6.500
Butchers’&D-ov
9*
49; ,009
Circula¬
tion.
ether
than U. S.
613.000
0,>-57,200
000,000
300,000
i.eco.ooo
1,000,000
800,000
Gallatin Nation’!
.
47,330
53,071
230,214
5,354
115,79c
00,507
Pulton
Chemical
Merch’nts’ Exch.
1,044.930
”
1.000,000
1,000,000
Net dep'ts
Tenders.
88 r,! 0*
1,4')<)
7-8.OOC
7,440.00*
4.2 19.600
9,243.000
2,6 is, 000
1,200,000
3.000,000
1,000,000
Tradesmen’s
327,400
129,806
222,147
513,80*14,455
63,693
49,994
2,000.*-00
City
1,434,536
191,826
2,000,000
Mechanics’
Union
America
Phcenix.
amount of—
Isgal
Specie.
*
0.0 5 000
fl 01(6.000
7.17 1.700
2.050,000
Merchants.......
93,031
t25,7(;7
203,740
585,830
145,404
115,549
-302,700
25,66!
26,582
16,*20
245.282
292,910
47,336
Loans and
discounts.
2.000,000
Manhattan Co-..
65,07 4
189,841
1,359.000
530,927
108,900
19,995
218,599
New York
252,823
77,309
127,413
244,142
637,894
159,941
40.1VJ
31,865
461.061
22,047
191,820
Flint A P. Mnrq. 3d wk Jan
Ft.W.A Denver. 4th wk Jan
111,622
208,746
Capital.
8
22.003
93.031
19.827
15 1.029
330,000
472,050
87,400
J an nary...
Eastern
E.Tenn.Va AGa. January...
Eliz. Lex. A B.3. January...
Evansv. A T. II. 4th wk Jan
S
197,102
170.011
Banks.
1832.
78,609
77,309
110,312
214,142
Cin.Iud.St.L.AC. January...
Olev.AkronA Col 4th wk Jan
Cohmib.AGreen. 3d wk Jan.
Denv. A Rio Gr.
Des Mo.A Ft. D.
Ret. Luu. & No..
Dub. A Sioux C.
1883.
$
41,491
40,506
Cliic. A Gr. Trim u Wk. Jan. 27
Chic. Mil. & St. P. 4tli wk Jan
Chic. A Nortliw. 4th wk Jan
Ch.St.P.Miu.*0. Jthwk Ian
Chic. A W. Midi. 2d wk Jan
Jan. 1 to Latest Date.
Average
3*4
CO
m
m
^
■
T
....
4*
V
CHRONICLE.
THE
168
“Your board recommend that this agreement be ratified by
%vmtstmmts
the stockholders of the Buffalo
Pittsburg & Western Railroad
Company, because it will prevent competition in the largest,
item of freight transported by either company—bituminous
coal. In 1881, when the two systems were in competition, the
Buffalo Pittsburg & Western. Railroad Company carried about
thirty-five per cent of the total coal tonnage. In 1882, when the
two systems were under the same management, the
tonnage
was equally divided; and while the total tonnage increased
twenty per cent in 18S2 over 1881. the tonnage of the Buffalo
Pittsburg & Western Railroad Company has increased over
forty per cent in the same time. Better rates of freight have
also been obtained.”
[At the meeting on Feb. 5 the agreement
was ratified by the stockholders.]
Earnings and expanses were
AND
STATE, CITY AND CORPORATION FINANCES.
The Investors* Supplement contains a complete
Ponded Debt of States
exhibit of the
and Cities and of the Stocks and Bond s
of Railroad* and other Companies, It is published on the Iasi
Saturday of every ether month—vi2., February, April, June,
August, October and Deterfber, and is furnished without extra
tharge to all regular subscribers of the Chronicle. Single copies
art sold at $2 per copy.
ANNUAL
[Vol, XXXVI.
REPORTS.
as
follows
:
EARNINGS AND EXPBN8E8.
.
Earnings—
Transportation of merchandise...
Buffalo
Pittsburg & Western Railroad.
{For the year ending Dec. 31,1882.)
The annual report for 1882 gives the following statement of
tonnage moved over B. P. & W. during the year, as compared
Passengers
Express
1882.
Increase.
366,623
533,807
1G7.184
133.704
124,752
General merchandise.. 247,497
294,935
47,438
747,824
953,494
205,670
Coal
Oil
true.
Decrease.
last year, including Oil City & Chicago Railroad.
The $13,COO of B. C. L. & P. Railway bonds alluded to in
last report have been paid, and the mortgage for $250,000
been satisfied of record.
the
has
Net
$767,435
398,461
$128,040
55,925
$895,475
454,380
$368,974
$72,115
$441,089
$085,679
413,519
:
$272,160
;
1882
Constr’n, equip*r, Ac.. $16,618,437
Assets —
Coin’u st’k held by Co.
Pref. st’k and sc’pheld
Bankers’ syndicate...
St'ks & b’d* ow’d by Co
Oil City A Chic. HR Co.
Cash on hand
Debts due to company
Materials
on
$169,000
312.40872,000
610,747
>5,386
75,313
142,849
,
41,739
hand
73,600
Pr:
jjrs
'■'if.)
38,891
33,077
12,126
22,824
May 7, 1882, the line from Irvineton to Kinzua, IS miles,
was opened
for traffic. On October 9, 1882, the line from
Brocton to a connection with the Buffalo Creek Railroad,'near
Buffalo, was completed and passenger trains run. On Dec. 26,
1882, the line from the above connection with the Creek Road
to a connection with the Buffalo New York & Philadelphia
road was completed. The line from Kinzua to the Allegheny
River at Salamanca, 30 miles, is completed, and as soon as the
terminal facilities in Salamanca are completed the road will be
opened for both passenger and freight business. On April 20,
1882, the New Castle & Oil City and the Oil City & Chicago
railroads were merged under the name of the Oil City &
On
Chicago Railroad Co., and on October 19,1882, the Oil City &
Chicago Railroad Company and the New Castle Plaingrove &
Butler Railroad Comj any were merged under the name of the
Oil City & Chicago Railroad Company.
A contract has been made with the Lake Shore & Michigan
Southern Railroad Company for the joint use of that portion
|;r^
L'£5
of their Jamestown branch between Oil City and Stone boro, 29
miles, at a rental equal to 6 per cent per annum on a valuation
of $18,000 per
mile.
The cost of maintenance to be paid by
each company on a wheelage basis.
At the close of the fiscal year, December 31,
securities were in the treasury of the company:
the following
Par.
B.
B.
O.
O.
O.
P.
P.
C.
C.
C.
& W. RR common stock, 3,380 shares
& W. RR preferred stock, 6,240 shares
& C. RIl < ommou stock, 12,900 shares
& C. RR preferred stock, 16,100 shares
<fc RR A M Co. stock
$169,000
312,000
645,000
805,000
300,000
C-uli balance di e by bankers’ syndicate under prospectus of
October 21, 3 882, payable in equal portions on January,
Febiuary, Mj rck and April 8
$872,000
The
mileage for 1882 is made up as follows:
Old road
120
Chautauqua Lake Branch
44
Oil City & Chicago
Coal branches built
36
Bx. to Buffalo and Salamanca.
25
8
97
6
Total
receipts.
50-7
31, 1852.
Capital accounts—
Common stock....
Pref. stock and scrip.
$8,650,000
1,459,001
,622,975
8,902
Bonded debt...
Scrip No. 1
Liabilities—
Car trusts
180,525
Temporary loans
Pay-rolls aud vouchors
Debts due by Co
200,804
63,570
For coal branches....
600,000
Coup’ns due Jan. 1,’83
20.580
ITont and loss
58,916
12,479
$18,877,682
(For the year ending Sept. 30, 1882.)
The leport
for the year ending Sept. 30*
figures in comparison with 1880-81.
as follows:
of this
company
1882, shows the following
The earnings were
Frcigh4
Passeng*. s
1881-82.
1880-81.
$201,391
139.224
$ 163,223
126,458
14,564
13,558
Other
T
Total
$354,173
__
Net earnings
.$106,304
$3,768
$1,131
70*0
*
Gross earnings per mile
Net earnings per mile
Per cent of expenses
$304,245
213,168
$91,077
$3*23?
$960
701
247,869
Expanses....,
The income statement is as follows;
earnings
paid
Payment on Dalton lo; n
New equipment
Improvement of road
Net
Excess of
T1
e
$106,303
-
Interest
$70,117
3,187
24,560
13,296— 111,161
*
payment s
$4,857
.'
gtneral account is
as
follows:
Stock
^i*2«2flno
-
AObg’OOO
Bom
bills. accoiiul8 and balances
Protit andlosa
■
-
r.0.3«>»
-
*1,393,>12
Total
$4,369.55,>
Road and equipment
Materials
Accounts and balances
Cash
4.011
85,09 >
35,171- l.OiUS—
Portland & Rochester.
{For the year ending Sept. 30, 1882.)
The present company assumed possession May
the report is for the full year ending Sept. 30.
account is as
follows
1, 1S82, pot
The capital
:
...$600,000
Stock authorized
Issued for stock and bonds of old company
Held for exchange for old bonds not presented—
Balance in treasury
1
^
___
$600,900
336
The present company has no
of the Buffalo Pittsburg & Western
The
earnings were as follows :
Railroad Company, tie Oil City & Chicago Railroad Company,
a:>.d the Oiean & Sa'amanca Railroad Company have agreed
Frei ght
upon the terms of a merger of their respective companies* Passengers
under the name of the Buffalo New York & Philadelphia Rail¬ Other
road Company; said rgieement of merger to be submitted to
Total
the stuekhojdrrs of each company, as required by law, at
Expenses
meetings to be ht»)d at the general office of each company on
Net ear .rags
Monday, the 5th of Febiuary next.”
*
*
*
“The beards of managers
M.
Branch to Butler County
Other coal branches
“
Portland & Ogdensburg.
22,958
7 03,724
75,883
.
$108,929
gross
$18,877,882
$705,200
Completion Titusville & Oil City Railroad
,'454,386
$441,089
BALANCE SHEET DEC.
preferred
Terminals at Salamanca
Increase.
$209,79(5
40,807
Following is the balance sheet (condensed) at the end of the
to capital
-
1882.
$895,475
of both loads in 1881 were 603 per cent of
Account:
-
>
year:
general mortgage bonds alluded to in the last report have been
sold, and the proceeds appropriated as therein stated. The
balance of the general mortgage bonds reserved to provide for
prior issues has been executed and delivered to the trustees,
the .Fidelity Insurance Trust and Safe Deposit Company, whose
receipt for the same is on file in the Secretary’s office. The
7 per cent first mortgage bonds of the Oil Creek Railroad Com¬
pany, which matured April 1 last, were extended, through
Extensions to Buffalo and Salamanca, common and
stock he'd in trust by Fidelity Trust Company
Differei.ee between cost of iron and steel rails
Difference between cost of iron and wooden bridges
Allownnoo op nontract for hard pan, Ac
Terminals in Buffalo
Eleven new pasenger cars
New depot and land in Oil City
....
year’s business as compared with 1881 is
the Oil City & Chicago Railroad):
44
44
1L891
11,322
5,608
21,918
2,900
21.918
...
profits
GroRS expense*
294,138
1,653
1881.
General mortgage bonds amounting to $20,000 have been
issued in exchange for a like amount of Pittsburg Titusville &
Buffalo Railway consolidated bonds, retired. The 415,000 of
Messrs. Drexel & Co., for thirty years at 6 per cent.
The following statement shows the items added
...
Gross receipts
Gross expenses
Total
$550,594
469
...
earnings
The result of the
as follows (including
-over
m
261,992
...
Net
receipts from passengers show an increase of $58,532
The
$90,872
32,146
9,669
2,708
Expenses.
8,952
O. C. & C.
$459,722
...
Total
1881.
B. P. <£• IF.
....
U. 8. Mail
Rents.
Miscellaneous sources.
with that of 1881:
...
bonded aud no floating
18*1-32.
debt.
1880-81 *
$ 142 7.816
-1.»
i
11,128
$104,651
9201,848
$16*,329
,
19 »,*>-]-
$6,527
53,6>
10.051
153,294
$15,035
February
10, 18t3.
THE CHRONICLE.
The expenses include renewals and improvements and the
pnrchase of one new baggage car and seventy freight cars,
which cost $33,795.
GENERAL INVESTMENT NEWS.
Alabama New Orleans Texas & Pacific Junction.—At
a
recent meeting of the shareholders in London statements were
submitted which embraced the following points: The
company
was formed te acquire interests in and to undertake
the com¬
169
Denver & Rio Grande
Railway Company has guaranteed these
bonds to the amount of $7,500,000
on 469 miles at $16,000
per
mile. There are issued of these bonds
$6,157,000, and the
remaining bonds up to the $7,500,000 are to be issued as work
goes on.
It is expected that the bonds will be
listed on the
New York Stock
Exchange
when connection is made with
Denver & Rio Grande
Railway at the Colorado border (about
April 1), say $5,500,000. In the 469 miles
provided for, 37
miles are from Salt
Luke
City to Ogden, where
formed with the Central Pacific Railroad.
pleted about May 1.
a
connection is
This will be
com¬
pletion of three railroads—viz., the Vicksburg & Meridian (142
Denver & Rio Grande.—The
miles), running trom Meri iian, the southern terminus of the
following is a statement of
the consolidated bonds issued:
Alabama Great Sv>uthern, to Vicksburg; the
Vicksburg Shreve¬
port & Pacific (189 miles), running from I>elta, opposite Vicks¬ Countersigned by trustees under tlie mortgage and deliv¬
ered to tlie
company on account of new road and better¬
burg, to Shreveport, in Texas, and thence to the Texas State
ments on old
line, where it joins the Texas Pacific road; and the New Orleans On account of line
$17,700,500
exchange Arkansas Valley bonds
i Northeastern (about 200 miles), commencing at Meridian
1,010,000
and going direct to New Orleans. The
Total consol, bonds
Vicksburg & Meridian
outstanding Feb. S, 13S3
and the New Orleans & Northeastern are connected with the
$18,740,500
Ala
Elizabeth City &
bama Great Southern at Meridian, aDd form,
Norfolk.—Dy
acts
of
the
legislatures of
practically, ex¬ North Carolina and
tensions of that line, the New Orleans & Northeastern
Virginia the name of the Elizabeth City &
running
Norfolk
due south and the Vicksburg & Meridian due west. The
Railroad Co. has been
20
changed to that of the Norfolk
miles from Shreveport to the Texas State
line, in pursuance of Southern Railroad Co.
an old agreement, are now worked
by the Texas & Pacific.
Lehigh Valley.—It is reported that this company has been
This portion of the road will reverb to this
company on January negotiating with the New
Jersey Central Road for the lease of
1st, 1884. This company also control the lease of the Cincin¬ its branch from
Jersey City to Newark. An official of the
nati Southern road, “and
thereby secure a most valuable Lehigh Valley Company said to a
northern
outlet
Philadelphia Press reporter
for
the
traffic
of
their
that the project spoken of was this
system
: To lease the
Thus
the
Southern
Newark
with the aid
system,
of
that branch and build a double track from New
Market, on the
important link in the chain, the Alabama Great South Easton &
Amboy road, to Newark, then to run over the Newark
era, has been placed in practical connection with the'
vari¬ branch into Jersey City, to the
ous western, northern and eastern road3
property the Lehigh Valley
which
controls by virtue of its lease of the Morris
Cincinnati. At N^w Orleans a local and suburban converge at
Canal, which has
line, called 1,500 feet water front above the New
the Spanish Fort Railroad, has been
purchased. To provide The line to be built would be about Jersey Central property.
twenty-five miles.
adequate terminal accommodation in New Orleans extensive
Louisville & Nashville.—For the month of December
premises, known as the Compress property, have been pur¬
the
chased, the directors being advised that no better
gross earnings are compiled with much detail for the
several
depot
could
be found in the city.
divisions of this road, and the
comparison for three years is as
follows:
Buffalo Pittsburg & Western— Buffalo New York
& Phila¬
DKCF.MHER OKOSS EARNINGS OF LOUISVILLE
& NASHVILLE.
delphia.—By vote of the stockholders of the Buffalo New York
1880.
& Philadelphia, the Olean &
1881.
1882.
Roads in system.
Salamanca, the Oil City & Chicago
Miles.
*
$
and the Buff. Pitts. & Western, the
$
Main Stem
2
proposed consolidation under
192.435
227,473
247,416
Bardscowu Branch...
the name of Buffalo New York &
17-3
2,631
2,191
Philadelphia was approved.
1,849
110 3
Under the
24,058
.
agreement of merger, the capital stock of the new Richmond Branch
company will be equal to the total capital of the several com¬
panies, and the new company will assume all the liabilities of Naahvi'le & Decatur..
So.
No. Ala. RK
the several companies merged. The holders
of the common Glasgow RR.....
and preferred stock of the Buffalo New
York & Philadelphia
Kailway Company and the Olean & Salamanca Railroad
Com¬ Henderson
Division...
pany will receive 20 per cent additional stock in kind,
payable
out of the stock now in the
treasury of the Buffalo Pittsburg &
The stockholders of the Buffalo
Pittsburg & Western Railroad Company and of the Oil C ity &
Chicago Railroad Company (other than the Buffalo
Pittsburg &
Western Railroad Company) will receive share
for share. The
Buffalo Pittsburg & Western Railroad
share for share for all the stock of the OilCompany will receive
City & Chicago Railtoad Company
remaining in their treasury after deducting the
20 per cent to be
Western Railroad
York &
Company.
paid to the stockholders of the Buffalo New
Philadelphia Railway Company and the Olean & Sala¬
Railroad Company.
Camden & Atlantic.—At Camden, N.
J., Feb. 5, the Chan■celior rendered a decision
making perpetual the injunction re¬
straining the stockholders of the Camden & Atlantic Railroad
from postponing their
annual election from Feb. 22 to a later
date. The injunction was obtained on the
manca
St. Louis Division
Mbbile <x Montgomery
N. O. & Mobile
Pontcliartrain
Cum. & Ohio—So. Div.
Selma Division
Penbocola Division...
Pen. & Selma Div
Basis of 1880
Cincinnati Division...
Lexington Branch
Cum.& Ohio—No. Div.
Shelby RR
Narrow Gauge
Transfer Railway
33-8
259 1
119*1
189-0
10 5
31,665
2,716
113,826
10 •‘,092
4.336
115,392
9.',850
116,179
102,847
1.309
1,590
35,283
4,239
132,449
104,136
138,933
1,412
924-3
185-2
517,914
78,210
591,976
78,303
665,772
95,539
1,059-5
626.124
670,279
761,311
75,544
76,083
119,603
106,636
208
180
14 L
5
30-3
70,353
119,143
83,858
•
122,996
105,896
385
558
244
50
45
72
2,886
3,353
13,458
17.221
10,309
19,143
6,225
13.450
15,495
8,649
7,635
1,791
939,953
1,016,727
1,103,084
80,346
72.081
31,298
25,253
3,053
6,991
1,019
10,023
109
60
28
19
11
-
2,333
4,213
995
4
11,183
2,627
Basis of 1881
2,028
application of Wm.
1,147,100
1,221,509
Atkins, a stockholder of the Pennsylvania
Railroad;’
Louisiana State Bonds.—New Orleans, Feb. 2.-Interest
Central of New Jersey.—The
correspondent of the Tribune on the 3 per cent State bonds is being paid promptly upon pre¬
at Trenton, N.
J.. Feb. 5 telegraphed: “ Receiver
Little, of the sentation at the State National Bank, New Orleans, the fiscal
Central Railroad
Company of New Jersey, said to-day that he agency of the State.
hoped at an early date to
request the Chancellor of New Jersey
to release the
Manhattan Elevated.—The decision rendered
company from the receivership. There are few eral Term of
by the Gen¬
the Supreme Court in the suit of the
fauroad companies, he said,
Manhattan
that have not a larger
debt Railway Company against the New York 'and
than the
Central, and, but for the requirements floating
Metropolitan
of the law elevated railroad
which make it
necessary for the company to be free from this of the last-named companies and the individual stockholders
<dass of debt before
corporation, puts out of the way the injunc¬
the receivership is dissolved, it could
be run tion orders which have
on a
L
_
sound basis at
any time.
There is asnm of about $1,500,000
the company which must be cleared off.
The
company has assets beyond its business needs to
equal this
amount, under proper
management, and when the Reading and
anderbilt interests, which
seem to be
wie
identical, or
Lehigh Valley Company, are ready practically
to use the road, it can
go out of
standing against
restrained the bringing of suits
against
the Manhattan
Company to compel it to observe the obligations
of the original lease under which it
obtained possession of the
elevated roads. The injunctions were
granted and continued
by
Judge Donohue,
one in May last and one in November. The
first
restrained the bringing of new suits to te3t the
validity
of
the
amended lease of Oct. 22, 1881, and the second the
its present condition
issuance of
by
their
advancing
the
sum
certificates of
amed. The New
Jersey Central, the receiver claims, has the the ManhattanMetropolitan stock bearing a memorandum that
my available water front on
Company guaranteed an annual dividend of 10
either shore capable of accommoper cent upon the Metropolitan’s capital stock of
atmg a vast Western
$6,500,000. The
business, and its shore privileges are of opinion of the court is
greatest value to
by Judge Macomber, and Presiding Judge
any Western line.’'
Davis and Judge Daniels concur in its conclusion. * * * *
Tuscarawas
Valley
&
Wheeling.—The United to In conclusion, Judge Macomber says: “It is hardly necessary
ates Marshal
sold the Cleveland Tuscarawas
say that this opinion is not intended to go further than is
Valley & Wheelr>ftw^alllWa^, on
by order of the court. The road and required to decide the appeals, namely, to show that there ex¬
ists no legal reason
TiwDa
P^0Pert.Y were bid in for
why the plaintiff should longer hold the
U8tee, who paid the amount in $3,252,500 by Mr. Perkins, the
in bonds of the road.
injunctions, or why the defendants should longer be de¬
prived of such suits as may be required to redress their
Grande Western.—The following informa- I grievances.
The orders appealed from should be
reversed, with
I~l Wplled at the company’s office: The road from Salt costs.”
miles
border is 275 miles and branches 51
The memorandum indorsed
by Judge Daniels upon the
1.
-n
^ miles, which will be completed by April opinion of
Judge Macomber is as follows: “I concur in the reB
iJMiwwa*
which
is
construction
i
going on and is suit, the controversy being one that does not
posea is 143
miles, which will make 469 miles in all. The junction
justify an inof the nature of t'
that which
tlnn^nTer
8
Utt0 G°i°rado
line.oa
has been issued.”
Pre-
THE
CHRONICLE,
siding Judge Davis writes, more strongly: “I concur upon the
ground that, upon the facts appearing by all the papers, the
granting of the injunction was an improvident exercise of the
power of the court; or, in other words, that the case presented
is notone in which equity should interfere by bill quicitimet.”
—N. Y. Times.
Marietta & Cincinnati.—At a meeting for the reorganiza¬
tion of the Marietta & Cincinnati Railroad by the bond and
stock holders, held in Chillicothe, 0., Feb. 7, the name of the
new company was fixed as the Cincinnati Washington
& Balti
Railroad Company, and the following board of directors
elected: Robert Garrett, of Baltimore ; T. Edward Hambleton, Samuel Spencer, J. Carroll Walsh, also of Baltimore ;
more
was
W. T. McClintick, of Chillicothe ; Orlando Smith of Columbus,
Ohio ; and George Headley, James D. Lehmer and J. L. Klec-k,
of Cincinnati. The board will meet in Cincinnati for organiza¬
tion to-morrow.
Memphis & Charleston.—Kiernan's News Letter of Thurs¬
day said : ‘‘Drexel, Morgan & Co. have loaned the Memphis &
Charleston people the money needed to make up the $1,313,000
cash required by the East Tennessee Virginia & Georgia Rail¬
road Company for the cancellation of the lease of the former
road. At the last conference between the representatives^ of
‘the two companies a new and formal agreement to accept that
sum and cancel the lease at any future period was signed by
the East Tennessee Virginia & Georgia people.
It is expected
that the money will be turned over ai.d the lease canceled
to-day. Immediately after that event the new lease of the
Memphis & Charleston road to another party, which is now in
escrow in the Farmer’s Loan & Trust Co., wilt become effective.
It was duly signed on Nov. 23 last, and guaranteed the inter¬
est on the bonds and 4 per cent for seven years; 5 per cent for
eight years, and 6 per cent for fifteen years; equivalent to
5 13-15 per cent for thirty years on the stock.
The sum of
$150,COu in United States Ctovernment bonds has been deposited
with the Trust Co. to secure the guarantee.” *
* ‘-The
*
money borrowed to cancel the lease above that raised on the
S06 consolidated bonds pledged with Drexel, Morgan & Co. will
be provided for by issuing new stock, which will stand in rela¬
tion to the present stock as common to preferred, and will
have a prospective value at the end of the new lease.
This
wipes out the.Heating debt entirely.”
New York Lake Frie & Western.—In regard to the rumor
that this company had issued $5,000,000 collateral trust bonds,
the Indicator reports Mr. Jewett, the President, as saying that
the company had issued $5,000,000 worth of 6 per cent trust
bonds, which do not take precedence of the second consoli¬
dated, and have no lien whatever upon the Erie road. They
are secured by bonds, stocks and other securities deposited in
trust. Erie had, in the course of time, acquired these bonds,
stocks and securities and deposited them in trust, being de¬
sirous of perpetuating the control of them. Erie, in this way,
is-a borrower of $5,000,000, but has expended that amount in
the acquisition of the securities deposited in trust, and wished
to perpetuate the control of them.
No further particulars
were given.
New York New Haven <fc Hartford.— \ dispatch from New
Haven, Conn., Feb. 7, said : ‘‘The contracts for part or the whole
of the work of building the tw > additional tracks between New
York and Stamford will probably be awarded at the directors’
meeting on Saturday, February 10.”
North Carolina State Bonds.—The law providing for com¬
promising and settling a portion of the State debt of North
Carolina expired before several millions of the bonds had been
exchanged. The Legislature has now extended tne operations
of the act for two years, to allow ample time for a full exchange
and settlement of the old acknowledged debt.
Railroad Const ruction (New).—The latest information of
the completion of track on new railroads is as follows:
East Tennessee Virginia & Georgia.—The Ohio division is extended
northward to the Kentucky Sta'e line, 5 miles. Gauge 5 feet.
This is a total of 5 miles, making 10,584. miles so far reported for
1882.
New track is
reported laid in the present
year as
follows:
Pennsylvania Slatington & New England.—Track laid from Portland*
Pa., on the Delaware River, west to Pen Argyle, 11 miles; also from
Deckertown, N. J., to Buleville, 7 miles.
This is a total of IS miles, making 70 miles thus far reported for
1883, against 192 miles reportf d at the corresponding time in 1832 and
110 miles in ISsl.—Railroad Oustlte
Rutland.—Rutland, Vt., Feb. 2. - In the Supreme Court at
Rutland to-day judgment v\as rendered for T Chaff-e against
the Rutland Railroad Company for about $25,000 and costs.
The suit was brought to recover on certain certificates issued in
settlement of semi-annual dividends on said company’s pre¬
ferred stock. Judgment was also rendered in the same suit
that the Central Vermont and Cheshire Railroad companies are
charg- able
ment.
as
trustees for the amount of the principal judg¬
.
A report just made by a special
the divith i d was passed, says :
committee of the board since
“It has been the custom of the’Treasurer for the past two years to
treat the rent of the road earned on the li st of the mouth as cash ou
hand, while as a matter or fact it is not due till the 25tli of the month
following the mouth in wliicli the rent is earned. * * * For instance,
in the annual report for the year 1882, the cash on hand is stated at
necessity of the road required.
uary there were notes outstanding
which was due in the month
On the 1st of Jan¬
to the amount of $10,000, $20,000 of
of January, $10,000 in lebrnarv
$10,000 in March. The Treasurer’s account shows a balance of $4‘/l
910, which, with the receipts from rent, will be sufficient to retire the
notes as they mature, and meet the coupons due
February 1. The
notes due in January have since been paid.
A condensed statement of
receipts and expenditures is as follows: Receipts from rent, $25^ 000Addison Railroad dividend, $9,084; $207,084.
Payments ; Coupon*’
the
equivalent of a dividend on preferred steck of 1 per cent every
months, unless the surplus l o reduced by unseen contingen¬
seven
cies.”
Southern Pacific.—The completion of the Southern Pacific’s
line to New Orleans will soon bring into the field of compe¬
tition for traffic between New York and the Pacific, another
through line. Preparations are being completed for the secur¬
ing of trans-continental business by way ot Morgan’s line of
York to New Orleans.and thence to San Fran¬
cisco over the Southern Pacific route. E. Hawley, who has for
several years been the general Eastern agent of the California
Fast Freight Line, has resigned and been appointed general
Eastern agent of the Southern and Central Pacific roads. He will
assume his new duties about Feb. 15. Mr. Hawley was formerly
contracting agent of the Rock Island Road. It is claimed that
the time for freight to San Francisco can be made by the new
water and rail line in twenty days, against from twenty to
twenty-five days by the present all-rail routes. The rates by
the new route will be the same as by the old lines.— JY. Y.
steamers from New
Tribune.
Tennessee State Debt.—At .Nashville, Tenn , February 8,
the message of Governor Bate was read before the Legislature.
The Governor says that the payment of interest on bonds
funded under the sixty and six act, together with the late defal¬
cation. has left the Treasury comparatively empty.
He main¬
tains that none of the five funding acts grew out of the expres¬
sion of the popular will. The people took the matter in their
hands, and for the first time expressed their will through the
ballot-box last November to tender terms of setthment to their
creditors, which every disinterested and right-thinking man
must regard as just to all concerned.
In accordance with the
will of the people he suggests the tender of a settlement of the
State debt proper in full, le^s the war interest, at the same
interest as that of the original bonds. He suggests that the
remainder, or “ contingent debt,” be settled at 50 cents on the
dollar, principal and interest, and to bear interest at 3 per
cent.
Texas Trunk.—This road will be sold in Dallas, Tex , May 7,
under a decree of the United States Circuit Court, to satisfy a
mortgage given to the International Trust Co., of Boston. The
amount due is stated at $223,814.
The road extends from Dal¬
las, Tex., to Kaufman, 35 miles.
Troy & Boston.—The following is from the report of the
Engineer for the year 1881-82 : Capital, $2,000,000 ; sub¬
scribed, $1,645,608 ; paid in, $1,623,110 ; funded debt, $2,667,500; unfunded
debt, $14,784; earnings from passengers,
$183,035 ; from freight, $312,633 ; from mails, $13,935; from
other sources—$56,772 ; total earnings, $566,346. Charges
against earnings, transportation expenses, $309.780; interest,
$199,021 ; rental of leased lines, $27,400 ; total, $536,202; sur¬
plus for the year, $30,144 ; existing deficiency, $1,230,223.
State
Union Pacific.—Judge Dillon,
the New York counsel forthe
company, makes the following statement: “A controversy
exists between the Union Pacific and the United States as to the
manner in which net earnings under the Thurman act shall be
The company, under advice of counsel, and under
their construction of the decisions of the Supreme Court, claim
to have the cost of new construction and equipment on the
main Hue deducted from the gross earnings in order to ascer¬
tain the net earnings. The Commissioner of Railroads does not
concede this claim, and both parties desire a judicial decision
thereof ; and an amicable suit to that end, invited by the com¬
ascertained.
The Government, under its
$901,873 03; the
company claims that there is due only $306,477 07.
The
company Ins not paid because it lias a counter-claim against
the United States for postal service of over $1,500,000. The
company has brought suit for postal compensation, and the
Supreme Court recently dec’ded in favor of the company ana
against the principle claimed by the Postmaster General,and
the amount due to the company is awaiting judicial determina¬
tion. The company’s claim against the Government for postal
service is much greater than auy claim of the Government
against it under the Thurman act. The company’s purpose
being, when both disputes are adjusted, to set off one against
the other, the officers of the Government have made no
complaint of the course pursued by the company, but have
favored a judicial settlement of the questions at issue.”
United New Jersey Companies,—The refunding of the
$1,700,000 Camden & Amboy Railroad maturing 6s of 1883 into
the new United Companies of New Jersey forty-year gold
pany,
is about to be brought.
construction, claim that there is due to it
and tne
H. JNew-
has b?en completed.
The new loan was issued at 93^,
negotiation was made through Drexel & Co. and W.
bold’s Son & Co.
West Jersey.—The West Jersey Railroad reports its gross
receipts for the year ending December 31, 1832, as $1,109,ySU.
The total expenses and fixed charges, including all obligations.
were $921,3^7, and Hie net income $188,493, an iacrease over
consequence of the settlement of certain suits against; this road, in¬
the year 1881 of $121,355 in gross receipts, of $93,639 i»
volving from $20,000 to $25,000 more, it will be impossible to pay any
ividehd before the ; euul time in August.
The notes of the road have expenses and $22,716 in net income.
$34,COi. 'The facts
.
been issued as the
[Voi. xxxvi
are
that on the 1st of July the cash on hand was
$9,104; rent due for Juno, $21,509; sundry items of uncollected assets,
$4,000—$34,004. This shows a difference in actual cash on hand of
$25,500. * * * Ou account of this anticipation of earnings, and in
February
THE
10, 1&3.J
|pxe <£cmxnxcvcial
CHRONICLE.
jinxes.
COTTON.
Friday, P. M.f
COMMERCIAL^ EPITOME^
163,868
bales, against 171,316 bales last week, 136,400 bales the previous
week and 150.390 bales three weeks since ;
making the total
receipts since the 1st of September, 1882, 4, 485,815 bales, against
3,S74,317 bales for the same period of 1881-82, showing an
ncrease since September 1, 1S32. of 611,493 bales.
Northwest,
and there have been serious floods in the Middle-Northern
Kailway transportation has been
States.
seriously inter¬
rupted, and the obstructions to business serious. There is a
better state of affairs at the close of the week, but the opening
of spring business is delayed. The revised tariff bill before
Congress has male very slow progress, and there is a growing
disposition to resist the passage of. either bill as insufficient
and unsatisfactory. The probabilities of an extra session of
Congress this spring, to take action upon revenue questions,
seem to increase, greatly to the detriment of business.
A very good speculation in lard has taken place at higher
prices. Fork has been quiet here and it is reported that large
operators are selling in Chicago in view of the expected large
receipts when the weather moderates. To-day mess poik was
quoted here at $I9@$19 25 ; for future delivery prices were
wholly nominal. Lard was again higher and those interested
in higher pi ices have«- at the moment the advantage both here
and at Chicago. Prime Western quoted on the spot, 11 -35@
ll*40c.; reined for the Continent, 11 50c.; South America,
ll*5Cc.; February contracts sold at 1135@ll,36c.; March, 11 40
@ll'44c.j April, ll'55@ll*5Sc.; May, 11‘61@11 62c ; June,
1T59@11 66c. Bacon firm at 9glc. for long clear. Beef hams
higher at $2C@$21. Beef steady at £2-3@$27 for city extra
India mess. Butter and cheese are firm and a
good steady
Receipts at—
1882-3.
•
Total
...lbs.
lbs.
lbs.
14,138,200
139,264,416
78,382,360
18S1-2.
1,06)
Norfolk
3,051
Liverpool by steam quoted 7@7>|d.; flour, steady. Grain
20@22s. 6d. per
6d.@35s.; cheese, 40s.; cotton, 3-1-Gd.; grain to
w«vnSS!ean!' 6@6M<1.; do. to Glasgow, 7^d.; do.'to Briston; bacon, 32s.
toUiWsd.;
do.
nwit0
raers ?0tte^am,
by sail
Antwerp,
to New
He.; do.
Castle, 6>id
do. to Antwerp. 4Hd.:
to Havre, 13c.; grain to Cork" for
;
taken at bs. 6d.
per,qr.; refined petroleum
os. 6d.; do. to
Hamburg, 3s. 6.
to
3,687
1.09 2
....
l
....
7
i O—
|
06
200
209
2.506
14.438
2,57.5
1,27 1
1,271
652
601
£01
4,831
1,900
1,900
2,015
3,941
21,710
6,755
i
....
4,652
rv
4,1 79
807
Philadelp’a, Ac.
Totals this week
J
4,904
3,00 i
— ~t
,
6,755
Boston
3 4i
279
1,746
2,007
5.375
1,105
692
979
315
GS1
4,735
117
0-7
ov;
1,986
225
657
1,936
2,160
20.977
35 812
This
Feb. 9.
O
-
4.
462
.26,666 18.80S 23,038 40.517 105 868
1881 82.
3-alveston
15,852
Indianola, Ac.
8
Now Orleans...
Mobile
This
Week.
Since Sep.
1, 1832.
Week.
j
Savannah
Brnnsw’k, Ac
Charleston
Since
Stock.
Sep.
8,019
359,512
15 001
127
12.367
200
5,5uS
253
24,772
11,007
037,845
470,559
6,207
1,274
11
Wilmington....
4.854
14,073
109,000
15,027
2,090
1,900
21,710
6,755
5,375
4,78 5
603.116
1 1192
173,095
109,896
119.2:19
3,630
131,552
19,414
120.S13
20,467
491,624
103,65 1
3,575
4,033
151.131
Baltimore
1,986
3 4.795
32 1
Philadelp’a,Ac.
2.160
45,905
2,926
Norfolk
We3t Point,Ac
New York
!
Boston
590
165.868 4,185.815
In order that
give below the
Receipts at—
371,044
40,836
1,939
86,071
85,553
77.SS j
64,723
1,510
2,957
16,8 IS
9,478
•
66,665
5S,93G
121,262 157.223
333,252
17.858
4,450
25,408
35,793
48,665
9,353
18,105
10,033
comparison may be made with other years,
totals at leading ports tor six seasons.
1883.
1832.
1881.
15,941
8, \ 1G
20.699
New Orleans.
54 90 4
47.932
Mobile
9,467
19,027
6.754
21,010
5,219
11,607
6,218
2,590
All others....
28,465
15,593
17,322
11,167
10,697
13,725
10,499
1,932
15,499
10.7S0
Tot. this w’k.
165,868
86,779
133,723
Wilm’gt’n, Ac
Norfolk, Ac..
80,234
86,779 3,874 317 917.037 1,112,936
Gal vest’n, Ac.
Savannah....
Charl’at’u, Ac
1S32.
6.324
......
14.4.3S
M’head C., Ac
SO 378
24.010 1.021,2 SO'333,54 4
5,219
221,-447 51,713
Royal, Ac.
Pt.
1SS3
1, 18S1.
620,617
54,904 1,217,189
9,407
268,963
12,96 1
1,092
G 67,595
19,027
Florida
15,712
1830.
1879.
6,5 41
52.101
58,967
15,032
7.474
we
1878.
9,520
48.730
15,014
15,619
14,039
18,252
8,776
10,728
1,0 33
14 839
14.041
12,863
15,933
13,053
11,421
2,395
8,623
11,329
119,851
150,841
120,000
3,749
Since Sept. 1. 4485,815 3874,317 1250,2t>7 3933.518
3592.189 3374,969
Galveston includes India tola; Charleston luoludes Port
Royal, Ac.
Wilmiugion includes Morehead City, Ac.; Norfolk includes City. Point, Ao
The exports for the week
ending this evening reach a total
of 129,656 bales, of which 83,169 were to Great
Britain, 11,652 to
France and 34,835 to the rest of the
Continent, while the stocks
a$ made up this evening are now 917,687 bales.
Below are the
exports for the week and since September 1. 1832.
Week Ending Feb. 9.
Exports
from—
Great
Brit'n. France
Galveston
New Orleans..
Mobile
made in the country at 90c. Wool
continues in
demand at
steady prices. Ingot copper steady at 18c. for Lake.
Ucean freight room has been
quiet, and rates for Continental
Derth tonnage have
declined. Charters about
to
....
671
the
?re
2,436
9,107
1,092
19,027
....
.
1882-33.
car¬
or nothing of note has
transpired in naval stores, and
position is only about steady; common to
good strained
rosins $1
60@$L 70 ; spirits turpentine, 53^(0)54c.
Refined
petroleum was quiet but
steady at 7%c. for 110 and 7%c. for
70 t63t; crude
certificates have been active and
higher ; at the
close the
speculation has been smaller and values fell off to
5
1,632
■
New York
Total
.Little
8 037
....
....
15,852
89
10,932
1,-47
3,0 JO
2.477
....
Receipts to
17,615.276
bales
2,251
2,8 il
For comDamon, we give the following table showing the week’s
total receipts, the total sinceSept.l, 1882, and the stocks
to-night,
and the same items for the corresponding periods of last year.
...lbs.
at 85c. @$1 15.
L$2 2
911
....
lotcu.
89
Baltimore
231,841,976
263.409.932
31,561,956
Rio coffee has been
advancing rapidly both on the spot and
for future delivery, partly
owing to a brisk speculative d-rnand,
and partly by reasoa of ail advance in Rio de
Havana
2,917
'
Fri.
....
West Point,Ac
10,525,630
August at 8'lCc., Sept, at Sc. and Nov. at 8*15c.; mild grades
have also been very active at an
advance; within a werk 18,000
bags of Maracaibo, 60,000 mats of Java, 7,000 bags of
Laguayra
and 10,000 bags of Costa Rica have
been sold.
Rice has been
fairly active and firm. Molasses has been quiet most of the
time, but closed more active and steady at unchanged
Spices have been quiet. Foreign fruits have been fairlyprices.
active
and steady. Raw sugar has
been in better demand and firmer;
fair refining was quoted
to-day a t 6?4@S 13-16c.,and 96 degrees
test centrifugal at 7/2(0)
7%c. Refined has been in better de¬
mand at an advance; crushed closed at
9)£c.; powdered at 8%c.,
granulated at $%c. and standard “A” at
S/4@8?£c.
Kentucky tobacco has been quiet, and sales for the week
are only 330
lihds., of which 150 for export and 180 for home
consumption. Prices are firm; Jug3, 5^@o%c.;
leaf, 7@l2c.
Seed leaf has been much less
active, and the sales for the week
are only 840
cases, as follows: 200 cases 1S80
crop Pennsyl¬
vania, 6@13c.; 50 cases 1881 crop do., private
terms; 150 eases
1881 crop New
England, 12^@30c.j 100 cases 1881 crop Wis¬
consin Havana seed, 15@lSc ; 10C cases
1SS0
Ohfo, private
terms, and 240 cases 1S81 crop do., 5>4(ft'5>ie.cropAlso
300
4,118
Ft. Royal, A ■Wilmington
Moreli’d C.,Ae
—
was
goes have advanced more than le., closing at 9/2C.;
options have
risen 100 points and to-day were active and
excited; no less
2,339
....
651
2.622
3 27
Brimsw’k, Ac.
Charleston
ars.
....
1,567 12.901
....
Th
2,S7S
....
3.-131
Florida
Savannah
3,424,000
Janeiro; fair
1
Wed.
1,616
....
1,919
Dec. 1S32-3.
17,t>22,200.
156,879,692
88,908,010
5,195
Tues.
4,190
....
New Orleans...
5,752,744, against 5,842,433 for the corresponding period of last
season, a decrease of less than 90,000, showing that for
January,
1883, the number slaughtered greatly exceeded January, 1832.
Stocks are now pretty full, and there are
many indications that
what is teimed the “summer packiug” (from March
1st) will be
large. The following is a comparative summary of aggregate
•exports, from November 1 to February 3 :
Pork
Bacon
Lard
Mon.
3,316
Indianola, Ac.
We have entered upon the last month of the
regular pork-packing season. The number of swine slaugh¬
February
Sat.
Galveston
business is noted.
tered from the 1st of November to the 1st of
February 9, 1883.
The Movement of the Crop, as indicated py our
telegrams
from the South to-night, is given below. For the week
ending
this evening (Feb. 9) the total receipts have reached
Friday Night, Feb. 9,1833.
The weather lias continued very severe in the
171
Savannah
....
Charleston
Wilmington..
Norfolk!
New York
.
2,325
35,500
3.644
C.029
10.881
1 393
Conti¬
Total
nent.
Week.
5,412
7,767
16,398
62.S42
3,041
......
...7.
8,100
4,143
4,335
......
0 721
...
8,003
273
1,845
9 9s4.'
Baltimore
t*hi!adelp’a,ic
5,478
Total........
2,000j
83,160'
Total 18S1-92
63.2-<7
*
11,032
200
1.830
Great
Conti¬
Britain. Framt
231,395
30,500
537.40) 179.803
15,240
11,574
83,43
12 529
j
1.3-3
104, i 54
41.S91
0 729
303.770
ll’oSfl'
299,120
oqi'
Ot 907
p
495
From Sept. 1.1832. to Feb. 9,15:3.
7,823
100.0 :3
2,0)3
40,000
3,0.0
25,658
22,172
19,990
1,789
nent.
94,527
243.SU
•
•
...
183,7
130,3 .7
1,500
Total.
353,428
961.033
13,240
295,603
250,993
7 5 ?9
43,391
311,299
104.29S
423,330
343
95,550
31,807
1,658
139.689
47,6-8
J
34.533 U9.63J i,803t7i)9 283.230
i
7^9,501 2,919.530
1«.Q10
515
80 437 1.33! ?:t5 245 21*3
includes exports ir<mu fort itoyai.-Jce.
1 Includes exports from West
Point, Ac
743'3.-092.160
us
CHRONICLE.
THE
172
►3
In addition to above exports, onr telegrams to-night also give
the following amounts of cotton on shipboard, not cleared, at
the ports
©
m M m
named.
®l
Lambert, 60 Beaver Street.
OB^
©
C 00 -
7**3
as
.
-®-5*
I
* *
•
5-ss
•
Feb.
Shipboard, not cleartdr—for
Leaving
0, at—
Great
Britain.
France.
Other
Coastt cise.
Foreigti
Total.
23,802
6,800
Charu6ton
SavanLah
31,374
1,455
1,000
1,200
6,000
8 CO
10,200
800
2,600
13.100
4,300
Galveston
.15,898
903
None.
None.
None.
14.207
1,530
Norfolk
New York
5,724
1.250
None.
None.
10,510
4.700
4,000
Other ports
Total 1883
70,060
Total 1882
Total 1881
21,636
700
500
15,335
80,005
75,064
15,900
14,150
22,000
32,538
17,484
5,400
4,500
to
3,378
53.299
5,779
131,844
96.842
25.566
48.039
20,351
190.798
delivery
64.071
53.840
"si”
Jl to b
p © a ss
1,28970
1,78.0
981.092
651,679
fairly
to cover contracts
Feb
UPLANDS.
3 to
Feb. 9.
Sat.
Ordiny*#B>
Mon Toes
7*3
7%
713
DIouTues
713,6
Strict Ord..
71*16 71*16 71*10 8%
Good Ord..
8%
8%
8%
9%6
fltr.G’dOrd
9%
93ie
93,6
93jg
Low Midd’g
91 lie 9Ui« y“n 10
Str.L'w Mid 10
10
10
10%
Middling... 103j6
Good Mid.. lOhi
Btr.G’d Mid !io^
Midd’g Fair HM
112
Fair
Wed
Ordin’y.spib
Strict Ora..
Good Ord..
Str.G’dOrd
Low Midd’g
Btr.L’wMia
Middling...
Good Mid..
Btr.G’d Mid
103,6
103,6
10%6
1013
10%
10%
11
11%
1013
10%
11%
12
12
Tb.
11%
12%
Frt.
7®ie
79,0
71516
8
8
8%
8*
813le
813,6
9*16
9*16
91116
9%
9%
9%
9%
9%
713ie
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Wed
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77«
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9%6
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Mon
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Tnes. Dull
Wed. Quiet aud steady 1,500
Thurs Firm at i,c adv.
75
..
.
....
....
Fri.. Quiet. nd steady
Total
Con-
Spec-
port. sump. ut’Vn
98
1,673
157
463
301
434
501
610
and
Prices op Futures
7
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s
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*
Includes soles in September. 1882, for September. 500.20b; Septem*
ber-October for October, 815.000 ; Septembeu-Novomber for November.
Tran¬
Total.
sit.
FOTU
Sales.
Delir
tries.
731,000; Scptember-December for December, 1,007,4.00; September*
January for January, 2,070,200.
Transferable Orders—Saturday, 10*25c.; Monday, 10 20c.; Tuesday.
10 20c.; Wednesday, 10’20o.; Thursday, 10*40o.; Friday, 10’30c.
Short Notices for February—Friday, I0*30c.
.
457
1,171
401
1,934
....
....
54,500
55,100
19,900
36,800
576 156,700
708 126,400
5.247 449,400
Tile daily deuverio’j givtm auovear« aucuaiiy delivered
vious to that on wliicn they are reported.
Ths Sales
0©
©©
►
8
days.
300
708
IcO
2.466 1,108
%
©
c©
J
:
SALES OP SPOT AND TRANSIT.
CLOSED.
©9
O' ©
©
—
X -1
c
1 \
The total sales and future deliveries each day during the
week are indicated in the following statement. For the con¬
venience of the reader we also add a column which shows at a
SPOT MARKET
M ©
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the official quotations for
NEW ORLEANS.
©
z
_
Cl
5,247 bales, including 1,673 for export, 2,466 for consumption,
1,108 for speculation and — in transit. Of the above, 500 bales
are
C©
r;
ro
The total sales for forward delivery for the week are 449,400
oales. For immediate delivery the total sales foot up this week
following
each day of the past week.
c
©©
1
quiet and steady at IOI4C. for middling uplands, gj
The
o< 0. ©
r-
advanced l-16c. It is understood that the rather free
deliveries which have been made on February contracts this
week have been largely sent to store. To-day the market was
arrive.
1
M
g
® © O
is!
;
•
hh
£*►, p B
l
were
to
I
®
©
prices advanced 5@7 points, but there was a nearly equal
decline on Monday.
On Tuesday there was some firmness
again, but business was very dull ; the sales, 19,000 bales, were
said to be the smallest transactions in futures for any day
j?inee the organization of the Cotton Exchange. On Wednes¬
day prices further advanced 2(53 points, but the speculation
was quite slow.
Yesterday a sluggish and somewhat uncer¬
tain opening was followed by a very buoyant market.
Liver¬
pool accounts were better, there was a falling off in the crop
movement and an eager demand to cover contracts, upon
which this crop advanced 15(517 points, and the next crop
12(513 points, with transactions exceeding the total of the pre¬
ceding three days. A disposition has existed to accept large
crop estimates, as it was asserted that consumption was very
huge,and prices low; hence the advantage was with the “bull”
party. To-day, however, about a third of yesterday’s advance
was lost, and the market closed unsettled.
Cotton on the spot
lias met with a fair and general demand, and yesterday quota¬
were
tr p P*m w
•
a
©
730,051
was
*
■x>
©
CCtCuH
151.823
53.104
187,036
69,338
The speculation in cotton for future
active last Saturday, and on a demand
tions
■
® .
.
JS
!<S
258,480
35,813
63,739
49,181
p
<-i
.
©
15,433
2,330
2,000
1
js .
:£!
’
New Orleans....
Mobile
S&S
©
Ob3®0
S--
.
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© 1
<r ©
03
Stock.
SB M-"
.
®
tr © ®
P® ® p,
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.
© 03
® ©
00
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c*
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^
3
Site’s
^
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8B m®
•
On
g,
0D © IV
We add similar figures for New York, which
prepared for our special use by Messrs. Carey, Yale &
are
a*?!
%
<
© a
[Vol. XXXVI.
shown
cue
200
1,200
2,700
3.200
1.200
700
9,200
day pre¬
each
We have included in the above table, and shall continue
week to "ive, the average price of futures each nay for each month, u
will be found under each day following the abbreviation “ Aver. •
iho
for each month for the week is also given at bottom of
table.
following exchanges have been made during the
week.
average
The
*20 pd. to exeli. 200 Nov. for April.
*14 pd. to exch. 200 May for June.
*27
•13
•14
•14
pd.
pd.
pd.
pd.
to exch.
to exch.
to exch.
to exch.
100 Mar. for May.
1.000 Mar. for Apr.
200 Mar. for June.
100 May for June.
•10 pd. to exeli.
for Mar.
*09 pd. to exch.
•14
.14
600 Feb. s, n.
600 Feb. for
Stb
Mar.
pd. to exch. 1,000 Apr. for May.
pd. to exch. 100 Mar. for Apr.
by the follow¬
ing comprehensive table. In this statement will be found the
duly market, the prices of sales for each month each day, and
At the Interior Towns the movement—that is the
reeeip^
the closing bids, in addition to the daily and total sales.
for the week and since Sept. 1, the shipments for the week, and
are
*r
10, 1883.1
February
THE CHRONICLE.
-
1
-
-
—
■
■
to-niglit, and the same items for the corresponding
period of 1881-82—is set out in detail in the following statement:
the stocks
H
O
£ IgsESs-g,
g §ggsg^3
*
rZ
:
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>
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to m
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tOM
M ►- M
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Norfolk
Boston
Baltimore
&
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93|
103g
10
10*0
10*3
OLiffcSs
934
934
934
934
from
10L2
9*4® 3g
934
9^
9'll
9:H
9^
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9*5i«
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10*«
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9*4® 3*
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10*3
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9-It
Plantations.—The
9\
10
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934
93i
934
934
934
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!>78
970
following table is
than another at the expense of the interior
stocks. * We reach
a safer conclusion
through a comparative statement
like the following. In reply to
frequent inquiries we will add
that these figures, of course, do not include overland
receipts or
Southern consumption;
they are simply a statement of the
weekly movement, from the plantations of that part of the crop
which finally reaches the market through' the
out-ports.
x
RECEIPTS FROM PLANTATIONS.
w
M
Mm.
Mm
C-.m
>-
to JO
bf-'JOiC.lt—J-lVw
C'
—•
-Hh*- Cf O’CO CO
m O CO m QO C> m -.j CO CO
Cl — 01
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?V
O
Tins year’s rigures estimated.
last year, and since September 1 the
receipts at all the towns
are 442.529 bales more than for the same time in
1881-2.
The Visible Supply oe Cotton to-night, as made
up by cable
and telegraph, is as follows. The Continental
shocks, as well as
those for Great Britain and the afloat, are this week’s
returns,
and consequently all the European
figures are brought down
But to make the totals the complete
figures for to-night (Feb. 9), we add the item of exports from
the United States,
including in it the exports of Friday only.
Thursday evening.
1883.
..bales.
1882.
1881.
1*80.
86*2.000
655,000
77,600
±2,000
668,000
30,800
485,000
939.600
8took at HaraDurjc
Btook at Bremen.
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
&ioek at Havre
36,950
40,000
697.000
2,300
41.200
718,800
3,500
24,500
18,000
521.950
1,300
17.740
16,300
1.500
510
800
25,890
1.200
1.100
137.000
25.700
1.130
88 4
121,000
4,830
29.300
46.160
2.300
18.784
3,000
1,200
3,910
578
3,700
163.000
Stock at Marseilles
4,100
43.000
Stock at Barcelona
Stock at Genoa
Stock at Trieste
Total continental stocks...
..
I .alia cotton afloat for
Europe.
afloat for Eur’pe
Araer’n cotton
E <ypt, Brazil, &o..aflt for
E’r’pe
S:ockin United States ports
Shook in U. 8. interior towns..
..
Waited States exports to-day..
8,100
2.600
3 5,000
3,000
4., 500
4,270
291,700
213,286
217,754
115,751
1,231.300
910.236
206,000
415.000
936.551
131.000
630,000
33,000
637,701
88,469
508,030
157,000
522,000
65,000
60.000
917,037 1,112.036
842.477
310,225
345.647
994,391
279.523
345.975
32,300
20,500
28,000
9,000
37.023
3,231.912 3,130,369 2,883.554 2,620,644
tofcalB of American and other descriptions are as follows:
Liverpool stock
Continental stocks
604,000
American afloat for Europe....
United States stock
United States interior stocks..
United States exports
to-day..
Total American
Rati
Indian,Brazil,
Liverpool stook
die.—
London stock
Continental
stocks
India afloat for
Europe
Sgypt, Brazil, Ac., afloat
Total East India, &o
Total American
“
22.
29
Jnn.
.
..
...
5....
“
12
192,000
473,000
139,000
522.000
445.000
917.037 1,112.936
310.225
345,647
32,300
20,500
515,000
368,000
101,000
164,000
630.000
842.477
279.523
508.030
994.391
345,975
28,000
9,000
2,577,612 2,536,033 2,459,000 2,326,446
253.000
77,600
99,700
157,000
2J6.000
53,754
134,000
65,000
60,000
33,000
117.000
36.950
14,751
88,469
37,028
657,300
594.286
424.554
294.193
132,000
42.000
104.286
153,000
50,800
2,577,612 2,516,083 2,459,000 2,326,446
»60-’81.|?81-V2.
’82-U-S
'80-’31. ’81 -’82. ’82-*r S.
!s93.»»80
c
15..
“
Rec'pts from Piant’ns
205.192 232,210 242,109 284,470 307.000 259.175 118.100
253,570 257.221
213,341 222.170 25-'.097 287,717
2*5,700 221.582 242.196 271.62*
243,13? 238.844 247.017 303,003 4.15.593 291.370 258,423
£61.357 2(42,693
238.490 211,570 202.015 330
299.53s 272.319 271.513 270,167
237,980 200.855 258.1 ?u 353.487 457.024 330.993 254,035 218,343 295.085
190.435 200.624 251.923
379.855 205.973 310,186 294.765
110.735 152.429 224,937 337.014 4:3.009 3S3.647 S5.374
139,502 «i8.789
129,504 114.858 175,382 309,550 435,050 880.248 101.490
96,259 171.983
13S.879 99.990 150.390 309,262 <419,043 867,967 138,7 9 <
83,283 133,10ft
125.070 92.031 1J6.400 303.321 400.980 350.749 122.129
74.024 119.18*
147,129 95.(i57 171,810 317.300 390 019 317,523 158.074
...
“
19.,..
“
20..
Feb.
2.
**
9
.
..
...
852|44T.530
303,O25j460.^0
133,723
80.779 1P5.358 313.837IS80 528 343.584 129.094
84 090 168,090
770888 161,920
The above statement shows—1. That the total
receipts from the
4,812,914 bales; in
1831-82 were 4,209,420 bales; in 1880-81 were
4,525,266 bales.
2. That, although the
receipts at the out-ports the past week
were 165,868 bales, the actual movement from
plantations was
only 161,929 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the
planta¬
tions for the same week were 77,238 bales and
for 1881 they
plantations since September 1, 1882,
were
were
129,694 bales.
Amount
of
Cotton
in sight
February 9.—In the table below
give the receipts from plantations in another form, and
add to them the net overland movement to
February 1, and
also the takings by Southern spinners to the same
date, bo as to
give substantially the amount of cotton now in sight.
599
Total visible supply
Of the
above,the
American—
1
Styk at Interior Tolnu;.
_
f80-’81. ’31-’d2. ’82-V 3.
we
Great Britain stock
Total European stocks..
Dec.
“
•
M —■ Ci
C GO CO tO CD CO CO CD <1 d ijC CD O'- C ‘X
■X MCM<J CO CM CO Cl rOi^r-CDtO-JM — M
if- X O W >— M CD IO to CO o; M C.1 rO -1 CO »0 K -4
Nov. 21....
*»
§. 2s
£
to 10
Ileceipts at the Ports.
ending—
The above totals stiow that the old interior stocks have de¬
creased during the week 6,063 bales, and are
to-night 35,422
bales less than at the same period last
year. The receipts at
the same towns have been 48,066 bales more than the same week
Stock at Liverpool
Stook at London
Week
w
MCi
CO
o
to
9^
93s
978
10
10 *2
r?,
CC
OJ
*
97s® 10
93s
978
978
978
913le
9**16
therefore,
w
o
•JO
95s
97s
-
Fri.
prepared for the purpose of indicating the actual movement t*ach
week from the plantations
Receipts at the outports are some¬
times misleading, as they are made
up more largely one year
0-0
•
Mto©cj«cD©tocixM>oiMCioj^-CjCXo>oi
o
Receipts
9*316
1030
^
M to
VooVottOMHoV® t-b tobb M C Vb
W CD CO O M o
co
M
(s
978
9131S
911ib
Thurs.
1038
Cincinnati...
Louisville....
r7 «#
toaoMac©^©*-
bVcrVVb to
oo ci to
|2*
wc.<io>-4tocci-'cowtt*-MOto*—^iocwco
MtOMCOM|^COCOOMOOCOOiCCatO#*Cl«l
<3*.
*-
b to com jo a.
MtociM
obwbb m a. cnbb cob co Vi
97a
9J316
9Vl6
93*
Wednee.
10^8
8t. Louis
•o
w
Tues.
97s
9?e
..
Augusta
Memphis....
Afon.
9\
9ia13
Philadelphia.
ca>b-i*roobbi'*--iVcob Mocr moioi
w o«<i co c m o: *- -o
mCCCXQOO'OO
X CO — CD U/ Ci X
Charleston...
Wilmington..
S'*
iUH
OiCDtOOClCOClXO'Cl©kOCO©M.©
f*
Markets.—In
CLOSING QUOTATIONS FOR MIDDLING COTTON
ON-
ending
Galveston....
New Orleans.
,
<D m x CD -1 or oi
Other
at
give the closing quotations of middling
cotton at Southern and other
principal cotton markets for each
day of the past week.
we
Satxir.
00*^*P.«£D...
M
Middling Cotton
for
±eo. 9.
gs: V'. r:
pf
gp:
•
Cl
M
OI
"iSt-S;
g®§9 >:
i
:
•
•»•••••.
Quotations
the table below
Week
3Hh VjH¥5P C
00
173
■
1882-83.
1881-82.
.
18-0-81.
1879-80.
Receipts at the ports to Feb. 0 4,485,815 3,874,317 4,250,267
3,983,518
Interior stocks on Feb. 9 in
excess of September 1
335.103
327,099
274,999
353,236
Tot. receipts from plantat’ns 4,812.914 4,209,420
Net overland to February 1...
472.320
337.278
Southern eonsumpt’u to Fob. 1
160,004.
4,525,266 4,336,804
374,919
400,534
125,000
110,000
100,000
Total in sight
February 9.... 5,4 45.234 4.671.698 5,010,185 4,837,338
by tbe above that the increase in amount in sigh t
to-night, as compared with last year, is 773.536 bales, as
compared with
1880-81 is 435,049 bales and with 1879-80,
607,896 bales.
It will be
seen
Weather Reports
Telegraph.—In Texas the weather
during the week, sleet, snow and ice having put
a stop to all
work; but elsewhere it has in general been warmer
and more favorable, with but little rain.
Galveston, Texas.—We have had drizzles on four days of
the week, the rainfall reaching
twenty hundredths of an inch.
by
has been bad
The
has not been in
sight for nine days, and very little
has been done anywhere in the State. For
days of this week the whole State except the coast lino
sun
work of any sort
four
has been covered with sleet
and
snow.
The roads
are
im¬
practicable. The thermometer has ranged from 30 to
70,
averaging 50.
Indianola, Texas.—It has rained (drizzles) on two days of
the week, and the remainder of the week has been
pleasant.
o-Totai visible supply
3,234,912 3,130,309 2,883.554 2,620.644 The rainfall
reached ten hundredths of an inch.
Upl..
Liverpool
0*2(1.
5**ied
O^d.
7*2'!
Average
JSff-The imports into Continental ports this week have been thermometer 45. highest 76, lowest 22.
46.000 bales.
DallaSy Texas.
We have had drizzles on three days of
The above figures indicate an
increase in the cotton in
to-night of 104,543 bales as compared with the same date of sight the week, the rainfall reaching eight hundredths of an inch
1882, Ice and snow are
Increase of 351,353 bales as
abundant, and work is suspended. The
compared with the corresponamg date of 1881 and an increase of 614,268 bales as com¬ thermometer has
averaged
42, the highest being 75 and the
pared with 1880.
*
lowest 9.
-
THE CHRONICLE.
i71
Brenham, Texas.—We have had no rain, but heavy snow
and sleet, during the week. No work is being done, and roads
are
impassable.
The thermometer has averaged 46, ranging
from 16 lo 75.
Palestine, Texas.—It lias rained on four days, with snow
on two days of the week. The rainfall reached thirty"
three hundredths of an inch. Nothing doing. Average ther¬
mometer 43, highest 75 and lowest 13.
Huntsville. Texas.—We have had no rain during the week,
but there has been snow and sleet, and the weather has been
and sleet
[Vol. XXXVI.
Mr. Ellison’s Annual Circular.—In the transmission
of Mr
Ellison’s circular last week by cable, there was a
strange mixture
ordinary bales with those weighing the average of
400 lbs., and consequently some of our deductions
were inaccurate.
Furthermore, in sending the estimated stocks
Sept
made of
30,18S3 the estimated stocks in the mills were omitted,
while
the mill stocks on Jan. 1, 18S3 were included in the
figures, and hence
supply
conclusion on that point was also in.
accurate.
We now give below a revised statement of Mr.
Elli¬
son’s estimated supply and consumption up to
3ept. 30 as
our
cold. All work is at a standstill. The thermometer has follows.
ranged from 16 to 76, averaging 45.
From January
Weatherford, Texas.—We have had drizzles on three days
of the week, also heavy snow and hard sleet.
The severe Supply from America
weather has stopped all work. The thermometer has averaged Supnly from India
Supply from Egvpt
42, the highest being 75 and the lowest 9.
The rainfall Supply from Brazil
very
reached ten hundredths of
an
inch.
Ordinary bales.
3,180/00
1,150, COO
191,000
.V
26S.000
87,000
Supply sundries
Belton, Texas.—We have had no rain during the week, but
there has Veen snow and ice on four days. Work has been sus¬
-
1 to October 1, 1883.
pended until there is better weather and roads. The thermometer has ranged from 11 to 79, averaging 45.
Luling, Texas.—We have had a drizzle on one day of the
past week, the rainfall reaching five hundredths of an inch.
We have also had snow and sleet, and the weather has been
too cold to do anything.
Average thermometer 47, highest 77
and lowest 17.
Hew Orleans, Louisiana.—It lias rained on two days of the
week, the rainfall reaching two hundredths of an inch. The
Total
Stock at ports
4,890,000
December 31, 1882
c
992,000
Making total from all sources
Consumption iu Europe
5,885,000
4,836,000
Leaving stocks at ports September 30. 1SS3
1,052.000
These stocks at ports are the same as our cable gave
them,
as all the above figures are ordinary bales instead of bales
of the average of 490 lbs. weight, the estimated
but
consumption
bales)
5,223,000
bales
of 400 Its.
equals
thermometer has averaged 60.
each,
or a weekly consumption of 134,000 bales of 400 lbs.
Shreveport, Louisiana.—It has been cold and cloudy, with
In our editorial columns will be found the greater portion of
north winds, sleet and light rains during the week, the rain¬
fall reaching seventy-one hundredths of an inch.
Roads are Mr. Ellison’s circular, which we have this week received by mail.
heavy. The thermometer has ranged from 24 to 72.
European Cotton Consumption to February 1.—We have
\icksburg, Mississippi.—We have had rain on two days,
and the remainder of the week has been cloudy.
received by cable to-day Mr. Ellison’s cotton figures brought
Columbus, Mississippi.—It has rained on three days of the down to
February 1. The revised totals for last year have also
week, the rainfall reaching one inch and twenty-seven hun¬
been
received,
and we give them for comparison. The takings
dredths.
Little Rock, A rk a mas.—'Telegram not received.
by spinners in actual bales and pounds have been as follows:
Memphis, Tennessee.—It has rained on six days of the week,
on one day of which we had snow, and on two, sleet. The rain¬
From Oct. 1 to Feb. 1.
Oreal Britain.
Continent.
Total. '■
allowed for (4,836,000
fall reached three inches and six hundredths. The bad weather
has interfered with marketing.
The thermometer has ranged
from 21 to
76, averaging 37.
Nashville, Tennessee.—We have had rain on four days of
the week, the rainfall reaching three inches and forty-two
hundredths.
The thermometer bas
averaged 41, the highest
being 67 and the lowest 23.
Mobile, Alabama.—It has been showery on two days, and
the balance of the week has been cloudy.
The rainfall
reached nine hundredths of
an
For 1882-3.
Takings by spinners...bales
Average weight of bales....
Takings in pounds
inch.
The thermometer has
averaged 61. ranging from 46 to 76.
Montgomery, Alabama.—We have had showers on three
days of the week, the rainfall reaching six hundredths of an
inch.
The thermometer has ranged from 40 to 77, averaging
1,190,820
1,103,430
2,291,250
440
438
439
523,960,800
433,302,310 1,007,263,140
For 1881-2.
Takings by spinners., .bales
Average weight of bales....
Takings in pounds
1,174,430
914,290
442
434
440
519,098,060
400,459,020
919.557,080
2,083,720
According to the above, the average weight of the deliveries
pounds per bale to February 1, against
442 pounds per bale during the same time last season.
The
61.
Continental deliveries average 438 pounds, against 43S pounds
Selma. Alabama.—The thermometer has averaged 57, last year, and for the wdiole of Europe the deliveries average
ranging from 37 to 79.
439 pounds per bale, against 440 pounds during the same
Madism, Florida.—The weather has been warm and dry
all of the week.
Competition for labor is running up the rate period last season. In the following table we give the stock
of wages. rihe thermometer lias ranged from 62 to 76, aver¬ held by the mills, their takings and their consumption, each
aging 66,
month since October 1, all reduced to bales of 4C0 pounds each
Macon, Georgia.—It has rained on two days of the week. for this season and last season. It is a
very convenient and
Average thermometer 61, highest 79 and lowest 32.
useful summary.
Columbus, Georgia.—We have had no rain during the
week.
The thermometer has averaged 65, the highest being
75 and the lowest 50.
1882-3.
1831-2.
During the month of January the rain¬
Oct. 1 to Feb. 1.
fall reached seven inches and eighteen hundredths.
Bales of 400 lbs. each.
Savannah, Georgia.—It has rained on three days of the
Conti- Total.
Great
Conti¬
Total. j Grttti
000s omitted.
nenl.
week, and the remainder of the week has been cloudy. The
Britain.
Britain.
nent.
rainfall reached sixty-six hundredths cf an inch.
Average
265,
240.
82.
221,
139,
| 25,
8pinners’ stock Oct 1.
thermometer 65, highest 78, lowest 50.
33°
469,
133.
336,
149,
.^3-,
233,
Augusta, Georgia.—It has rained on five days of the week, Takings in October...
the rainfall reaching forty hundredths of an inch.
Planters
734,
373,
Total supply
28S,
603,
315,
j 361,
are
marketing their crop freely.
Tue thermometer liis Consumption iu Oct.. 281,
512,
2 44.
280,
232,
528, 1
ranged from 48 to 79, averaging 61.
222,
141,
31,
75, |
81,
44,
Atlanta. Georgia.—It has rained on one day of the week, 3pmners’ stock Nov. 1
800,
362,
438,
the rainfall reaching ten hundredths of an incii.
707,
387,
320,
The ther¬ Takings in November
j
mometer has averaged 51, ranging from 33 to 74.
503, 1,022,
Total supply
782,
519,
418,
364,
Charleston. South Carolina.—We have had no rain during
640,
290,
350,
6.;o,
.355, '
305,
Consumption in Nov
the week. The thermometer has averaged 56, the highest
382,
213,
169,
G3,
59,
122,
being 76 and the lowest 45.
Spinners’ stock Dec. 1
510,
The following state .mat w3 hive also received by telegraph, Takings iu December. 301,
253,
263,
397,
693,
showing tbe height of the rivers at the points named at 3 o’clock
899,
466,
Total supply
132,
820,
364,
456,
February 8, 18S3, and Februai3r 9, 1882.
512,
232,
240,
528,
in Great Britain is 440
.
Feb. 8, ’83.
Feet.
New Orleans
Memphis
Below high-water marli
Above low-water mark.
Nashville
Above low-water mark.
Shreveport
Vicksburg
Above low-water mark.
Above low-watrtr mark.
(>
23
32
10
31
Inch.
5
0
1
2
to
Feb. 9. '82.
Feci
2
35
30
28
-13
Inert.
3
o
9
2
7
Consumption in Dec..
*8.,
Spinners’ stock Jan. 1
Takings in January..
80,
380,
244,
•
212,
42,
292,
731,
3
j
152,
234,
264,
253,
.
386,
514,
supply
Consumption in Jan..
469,
283,
554,
2 43,
1.023,
536,
413,
280,
487,
900,
OQ9
512,
Spinners’ stock Feb. 1
191,
306,
4S7,
133,
255,
Total
—
j
388,
New Orleans reported below high-water mark of 1371 until
The comparison with last year is made more striking by
Sept. 9, 1S74, 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 bringing together the above totals and adding the average
1871, or 16 feet above low-water mark at that point.
weekly consumption up to the present time for the two seasons.
.
February 10,
THE CHRONICLE.
i&83.]
Feb. 1.
Oct. 1 to
Bales of 400
•
1332-3.
lbs. each
000s omitted.
Great
Conti-
Britain
nenl.
Alexandria Receipts and Shipments.—Through
arrangement*
have made with Messrs. Davies, Benachi &
Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
1831-2.
Total.
175
we
Great
Conti-
Britain
nent.
Total.
of cotton at
Alexandria, Egypt. The following are the receipts
week and for the corresponding week
and shipments fbr the past
of the previous two years.
82,
Spinners’ stock Oct. 1.
1,310,
Tailings to Feb. 1
1,203,
2.518
1,298,
240,
1,001,
1,392,
1.2.11,
1,347,
1,041,
2,739,
2,252,
1,323,
'1,190,
1,241,
916,
2,504,
2,176.
Alexandria, Egypt,
Fc ruary 8.
131,
306,
437,
133,
255,
338,
Receipts (cantars*)—
Supply
Consumption—
,—
Spinners’ stock Feb.l.
221,
139,
25,
265,
2,299,
This week....
Since Sept. 1
i
i
Weekly Consumption.
13S2-S3.
30,000
381
71,0
71,0
71,0
72,0
In November
December
In
In January
C1.0
70.0
61,0
132,0
132,0
132,0
70,0
70,0
62,0
134,0
70,0
01,0
58,0
58,0
58,0
53,0
Total
The
Our cable farther adds that Mr. Ellison estimates the stock
nnconsumed in the world as 198,000 bales greater than at the
same date cf last year and 663,000 bales
larger than at the
date the previous year.
same
India Cotton Movement from all Ports.—We have
during
the past year been endeavoring to
rearrange our India service
so as to make oar
reports more detailed and at the same time
more accurate.
Hitherto we have found it impossible to keep
out of our figures, as cabled to us for the
ports other than
Bombay, cargoes which proved only to be shipments fr.»m one
India port to another. The plan we have now
adopted, as we
have reason to believe, will relieve us from the danger
of this
Inaccuracy and keep the totals correct. We first give the
Bombay statement for the week and year, bringing the figures
down to February 8.
BOMBAY
RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
Shipments this week.
fear Great
Conti-
Brit'n.
nent
m
.
.
Total.
Shipments
Great
Britain
since
Jan. 1.
Conti¬
8/00 U.OOO 22,000 '47,000
1882 27.000 4,000,31,000 109.000
1881 1.000 39,000
j 40,000 27.000
1880 5,000 5,o00! 10.000 26,000
Receipts.
This
Total.
nent.
1383
Week.
Since
Jan. 1.
81,000
128,000 46,000
2:1,000
61,000
61,000
170.000 47.000
83.000 16.000
61,000 27,00o
235,000
139,000
38,000
According to the foregoing, Bombay
Shipments for the week.
■
Great
Britain.
Conti¬
Madras—
4,000
2.500
3,100
9,101
Great
Conti¬
Britain.
nent.
500
100
Total all1883
29.000
39,100
1,000 !
200
1883
1832
600
5.500
3,400
;
1,100
2.5)0
1,100
UiO
2,300
20 J
9,1 0
12,5 -0
,,uuve totals tor the
34.500
44,-00
Europe
from—
Hoaibay
All
other p’rta!
Total
1883.
1882-83.
32s Cop.
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Jan. 5 8 3* © 9 3s 6
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“
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Feb. 2 S\ © U&8 6
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Comparative Port Receipts and Daily Crop Movement.—
comparison of the port move meat 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
for the years
movement
since
named.
September 1, 13S2, has been
Year
Month ly
Receipts.
1332-33
Sept’uib'i
326,656
October..
930,531
Sovemb’! 1,004 6 >7
Decemb’r 1,112,536
January
752,327
.
The movement each month
follows:
as
Beginning September 1.
1331 82.
1830-31.
429,777
853,195
1379-30
187--79
1877-78.
453,478
968,318
974.043 1,006,501
996,807 1,020,802
333,643
888,492
288,84-
689,26
578,533
942,272
956,461
779,237
437,727
647,140
822,493
900,119
689,610
571,70 L
893,664
618,727
98,491
4,267.3 JO 3,7 41,549 4,025,8 J03,763,011 3,269,740 3,039,246
)f tot. port
Jan. 31.
.
79 27
6353
75-34
73 52
71 03
This statement shows that up to Jan. 31 the
receipts at the
ports this year were. 525,751 bales more than in 1881-82 and
241,500 bales more than at the same time in 1830-81. By
adding
to the above totals to Jan. 31 the daily receipts since
that time
w'e shall be able to reach an exact
comparison of the movement
for the different years.
1382-93
the
30,723
20,977
22.34S
“
4..,.
S.
10,033
2,601
3.909
3.009
6.400
15.100
40.900
59.900
movement irotn
ALL INDIA.
1881.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
22.000
8 GoO
128,000
40,900
31,000
12,500
170,000
59,900
40,000
0,500
33.000
63 5 Of
30,600
163,900
,43,500
229,900
46.500
156 590
interesting compa
at all India ports.
1881-32
2....
This
week.
years
ending
Europe
lsSl-82.
8lbs.
3...
3.000
1832.
a very
0 42 15.45 6 232.498
Manchester Market.—Our reoorfc received from Manchestei
to-night states that the market is quiet with limited business,
and steady, but idle at the close.
\Ve give the prices of to-day
below', and leave previous w'eeks’ prices for comparison.
“
follows;
TO EUROPE FROM
fntoiL statement atiords
movement for the three
l.000J*2' >,5 269101
is 98 lbs.
“
is 3,900 bales less than same
whole of India, therefore, the total shioJanuary 1, 1883, and for the corresponding periods
Shi aments
15.000 23
31.000
“\P°rts other For
than Bombay
the
to all
-
'.>,000 185.000 : 5.000 165,000
59.000: U..VJ0 116.612 :i*\hg 67,498
4,090
54,316
week last
year.
menta since
EXPORTS
!
Since
Sept. 1.
15,000 bales.
were
1330-81
1879-80.
Since
Jan. 1.
11,0 49
*
|
1873-79.
18.075
22,580
8.
20,35 1
23,729
8.
15,2015.582
35,541
20,000
22,343
16,653
“
5
35,832
S.
“
6...
23,666
16.697
8.
21,929
33.5:4
23,999
23,378
“
7....
18,308
23,033
40,547
14,970
12,207
13,350
20,763
11 2 39
25,634
23. 85
S.
13,721
31.433
“
...
6...
9
..
t’ereear.g
1877-78.
3/269,710 3,039.246
36,301
28,495
21,769
27,9. 8
26,03h
-
*
,
19,795
22,306
15,100
i,4S5,815 3,354.321 (.205,5 41 3,909,391 3.46 ,.523 3,269,979
Total....
week snow that
tne two Drevious
years, are as
| week.
Th is
11,000 17 3.000
Europe
can tar
Total
5,000
15,200
200
8,600
Since
Sept. 1.
Tot. Jn.31 4,207,300 3,741,5 49 1,025,3 JO 3,763.011
Fob. 1....
S.
12.592
21,924
22,952
3.000
2 6 JO
3,100
This
week.
This statement shows that the receipts for the week
Feb. 8 were 80,000 cantars and the
shipments to all
«
....
1882
6,500
12,200
1,000
1882
All others—
A
appears
Calcutta—
18S3.
Sept. 1.
Shipments since January 1.
Total.
nent.
*
116,000
to show a
decrease compared with last year in the week’s receipts of 1,000
bales, and a decrease in shipments of 9,000 bales, and the
shipments since January 1 show a decrease of 42,000 bales.
The movement at Calcutta, Madras and other India
ports for the
Uat reported week and since the 1st of
January,
for
two years,
has been as follows
“Other ports” cover Ceylon, Tuticorin.
Karraehee and Coconada.
oi
To Liverpool
To Continent
128.0
foregoing shows that the weekly consumption in Eu
rope is now 134,000 bales of 400 pounds each, against 132,000
bales cf the * same weight in December.
The mills, both in
Great Britain and on the Continent, hold larger stocks than
last year, the excess being now 00,000 bales.
"•
Since
70,000
2.360.000
Exports (bales)—
123,0
Jute Butts, Bagging, &c.~Bagging has not shown much ani¬
mation, and trade continues of a jobbing description. Prices
are showing more firmness, however, ana holders are not dis¬
posed to accept anything below present figures, and are more
inclined to hold stocks until after the meeting of manufactu¬
rers, which takes place on the 23d, as it is thought that higher
prices will be named. At the close parcels can be had at 6:Mcfor 124 lbs.. 7/£c. for 1% lbs., S/£c. for 2 lbs., and 9c. for stand¬
ard grades. Butts are duli, and only small
parcels are being
placed for present wants, scarcely any inquiry being reported
for large lots. Prices continue steady, sellers
asking 2}4@2%q.
for paper grades and 2/£c. for bagging
quality.
c
This
week.
12S,0
123,0
1380-31.
59,000
2,577,550
2.026.0 )0
00s omitted.
In October
1381-32.
'
of
tot*
port 'CtU* 0- Feb. 9.
816
71-5=1
-Q
1
*
“
r
25
This statement shows that the receipts si ace Sept. 1 up to
to-night are now 630,994 bales more than they were to the same
day of the month in 1882 and 280,271 bales more than they were
to the same day of the month in 1831.
We add to the table
the percentages of total port receipts which had been received to
February 9 in each of the years named.
The Exports
of
Cotton from New Turk this week
snow an
increase, as compared with last week, the total reaching 11,086
bales, against 8.837 bales last week. Below we give our usual
table showing the exports of cotton from New York and their
direction, for each of the la-t four weeks; also the. total exports
aud direction since September 1, 13S2, and in the last column
the total for the same period of the previous year
Exports of Cotton
Feb.
1.
Feb.
since
3.
Sept. 1.
year.
7,795
8,968 295.700 205,233
5,456
3.426
Britain 10,200 11,115
7,795
8.968 299,126 210,639
250
792
241
o
792
211
273
19,996
16,945
16
350
549
350
200
405
1,096
31,864
23.453
22,508
1,938
201
749
41,759
3,927
915
2,438
601
1,845
97,076
39,032
'2,442
256
200
4,690
-837
2- 0
256
200
7,132
1,037
Jan. 1 Jan.
1 25.
18.
10,200 11,115
Liverpool
Other British ports
Havre...
273
Cl
Total French
and Hanover
Hamburg
Other ports
Bremen
Total to North.
....
Europe
100
Spain, Op’rto, Gibraltar,&c
All other
<fcc
Total Spain,
York, Boston,
N. Orl’aus
Texas....
Savannah
Mobile...
3—Steamers
Bark Persia,
Sept. 1.
I
2.193
8.479
52,7 71
......
Celtic
For Barcelona—Feb. 3—Brig Nueva Sober, 629.
Wilmington—For Falmouth, for orders—Feb. 3—Bark Lydia
1,39a.
Norfolk—For Liverpool—Fob. 5—Ship Win. Law. 6,723.
New
j
....
......
64,735
171
6,503!
15,038
1 3,93"
i
398
8,233
BLCar'lina
N.CarTina
5,132 122,951
5938,058
S96
Virginia..
5,068 152.511
1,107
North. pts
Tcnn., Ac. 5,375 1 0.896
Foreign
!
199, 1,730
£96:
32,661
587
39.817
1
1,362 90,085
4,268 101,362
836
|
418
1,296
79,737
650
32,809
205
:
12,507;
.
34,608 850,983 13,819 293,903
-
1,099 93,651? 5.522 206.162
1,474*63.927i
5,518|16?,317
Shipping News.—The exports ot cotton from
States the past week, as per latest mail returns,
the United
28,720 892,119
7,836 286.285
have reached
103,736 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
t&e Chronicle last Friday.
With regard to New York, we
include the manifests of ail vessels cleared up to Thursday
night of this week:
steamers Alaska, 1,338
Cata¬
1,1121)
Halley, '662
Lake
Champlain, 1,213
Nevada. 815
To Havre, per steamer St. Laurent, 273
To Bremen, per steamer Salier, 1,096
To Amsterdam, per steamers Leerdam, 112
Stella, 111...
steamer Belgenlaml, 500
To Copenhagen, per steamer Island, 26
New Orleans—To Liverpool, per steamers Boiinquen, 2,530
Emiiiano, 4,475
Hankow. 8,725
King Cerdic,
'J’o Antwerp, per
4.233....Milanese, 5,9.30
l,74o
To Bremen, per bark Kragero,
To Gcno
per bark Vincenzo Pirrotta,
Charleston—To Liverpool, per
Orontes,
2,300 Upland
.
2,002
barks llormod, 1,725 Upland5
Upland..
Upland
Amsterdam, per bark Diana, 1,475 Upland
To Gottenburg, per bark Han Thus. 1,215
To Barcelona, per bark Rio dela Plata, 750
Savannah—To
8,963
273
1,096
223
500
26
*
25,913
1,710
2,002
4,025
1,215
750
1,475
barks
Glen
13,352
To Bremen, per steamer Armathwaite, 3,735
per bark
A. E. Vidal, 1,050
4,735
To Sc bin topol. per steamer Horton, 4,250
4,250
"Wilmington—To Liverpool, per barks Jonn, 2,850 ...Ystava,
2,3?o
5,220
i>er barks
Norfolk—lo Liverpool, per stCMacr Elise, 3, j25
Arklow, 2,914...MariaStoncmann, 3,778. ..Navarch, 3,799 13,816
4,751
To Barcelona, per steamer Standard, 4,751
-Baltimore—To Liverpool, per steamer Hibernian. 57 (addi¬
tional)
57
Boston—To Liverpool, per steamers Iberian, 1,091....Missouri,
3,232
4,323
Philadelphia—To Liverpool, per steamers British Crown, 2.000
Pennsylvania. 800
2,800
San Francisco—To Liverpool, per ship British Merchant, 86
The particulars of
form, are as follows:
these shipments,
arranged in onr usual
A ms ter- Go then-
Feb. 3-
Feb. G—
1,057, *
Gougb, 2,000.
Livervool. Havre,
Brc-
Ant- Scbus- Barce-
men.
teerp.
273 1,096
723
toj)ol.
Iona. Genoa.
we
the Piura is taken “out.
Knight Templar, steamer (Br.),
Johnson, from Charleston. December
26, an ived at Sebastopol prior to Jan. 30, with her deck started,
bridge damaged, and bow plates injured, having experienced
heavy weather. On arrival ir was ascertained that her cargo was
on lir e.
The lire was extinguished and the ca go discharged Feb.
2, much dam iged. Vessel not materially damaged.
Neto, steamer (Br.), Brown, from Galveston for
Key West, February -1, and reported that she struck a
near
fortugas and was relieved by wreckers taking out her cargo.
Liverpool, put into
reef
Tiie
Neto discharged about 209 bales iuto the wrecking vessels and
jettisoned about 500,- the most of which woalil probably be
recovered. Tliero wero only two small wreckers on the ground
She was leaking
also aft.
when she struck.
ballast tank, and
Gna,
badly in her forward water
Charleston for Gottenburg, whli
master roporta
oabiu, where part of
out deck,
of those
bark (No;-.), Addersen. from
cotton, arrived at Gottenburg, January 19. The
that during the passage tire broke out in the
the cargo was stowed. Twelve bales had ro be taken
on
and salt water was used to put out the fire. The marks
bale^ the master saj's, are invisible.
Cotton freights the past week have oeea
follows*
as
sail...d.
Do
Havre, steam
3i6®»4
c.
8remen, steam, .c.
Do
sail
c.
W
.
....
Amst’d’na, steam.e.
Do
sail...d.
®16*
Baltic, steam....d.
%*
.
Baroelona.steam.e.
V
Genoa, steam ...d.
V
*
....
....
•
,
....
....
38*
38*
V
V
bales.
took....
speculators took..
Sales of the week
Of which exporters
Sales American
Actual export
Forwarded
Total stock -Estimated
Of which American—Estim’d
Total import of the week
Of widen American
Amount afloat
Of which American.
id
{
Upl’ds
viM.Orrns
Sales
Spec. A exp.
futures.
Market,
,2:30p.m.
Market,
5 p.m.
l
\
)
J
*
•
....
....
IV
•
•••
» «
....
9 •
• »
3e*
....
....
....
38*
•
•
• •
•••*
I
*. V
V
V
V
V
V
V
V
have the following
at that port. We
Jan. 26.
07,000
65,000
6.000
4.700
12,000
18,000
47,500
7,600
31,000
814,000
519,000
203.000
191.000
336.000
71,000
11,500
8,100
66.000
43,000
7,500
30,500
821,000
555,000
48,000
851,000
112,000
87,000
344,000
289iv)00
290,000
Feb. 2
6,400
595,000
135.000
119,000
Feb. 9.
72,000
9,000
9,800
44,000
5,500
33,000
862,000
601,000
103,000
76,000
310,000
289.00b | 275,000
346,000
each
market for spots and fntiire3
week ending Feb. 9, and the daily closing pn
Spot.
?
•
•
of the Liverpool
Saturday Monday.
Market,
12:30p.m
•
....
Compressed.
Total.
V
.
Jan. 19
'
....
716*
V
Liverpool.—By cable from Liverpool, we
statement of the week’s sales, stocks, &c.,
add previous w«eks for comparison.
Of which
s16®14
....
V
....
.
816<*,14
91«*
....
.
Fri.
V
V
....
e.
....
Thurs.
1733*
1733*
....
,
V
sail
....
17m*
.
Hamburg, steam, d.
Do
" sail.-.d.
Do
710*
-
....
....
.
....
....
....
....
c.
sail
Do
Wedncs.
Toes.
Jfon.
Liverpool, steam d. 816® *4
day of the
11,086
1,740
2.002 29.035
4,025
1,215 750
6.020
1,175
2,000 3,475
Savannah..
Texas
13,352
4,250
22.337
4,785
Wilmington
5,220
5,220
4,75 L
Norfolk.... 13,616
13,597
57
Baltimore..
57
4,323
Boston
4,3 i'.i
Philadelp’a
2,800
2,800
86
San Frau..
86
Total... 78,620
273 7.62L 2.193 5.195 5,501 4,002 103,736
Included in the above totals are, from New York to Copenhagen, 26
bales.
Below we add the clearances, this week, of vessels carrying
cotton from United States ports, bringing our data down to the
*
give all news received to date of disasters to vessels
carrying cotton from United States ports, &o.:
Celtic Monarch, steamer (Br.), Wilson, from New Orleans for Bremen,
while going to sea from ilie former port. February 8. got out of tiie
channel and grounded between two wing dams at the east end of
the jetties, and is now being lightered.
Egypt, steamer (Br.), before reported. Orders wero received at the
Norfolk Navjr Yard on February 2, to allow the British steamer
Egypt, from Charleston for Bremen, which was ashore at Watcliapreague Inlet, to be placed iu the dry dock for repairs as soon as
Below
The tone
dam <£• burr/ £
Havre—Feb. 1—Steamer Ciayperon, 495.
Bramen—Feb. 1—Steamer America, 1,850.
Philadelphia—For Liverpool—Feb. 7—Steamer Lord
For
For
.103.736
Total
latest mail dates:
Virginian, 1.288.
Baltimore—For Liverpool-Feb. 2—Steamer Texas, 2,093
Steamer Nessmore, 2.323 — Feb. 7—Steamer'Caspian,
86
(foreign)
8,963
25,943
Liverpool—Feb. 2—Steamer Samaria, 996
Boston—For
Satur.
2,000
bark Tigri, 2.000 Upland
Texas-To Liverpool, per steamer Victoria, 5,863.....per
Cortez, l.o88
Duchess of Lancaster, 1,156
Grant, 2.594
Mustang, 1,200
Schiller, 1,416
To Genoa, per
New York..
N. Orleans.
Charleston.
Peseham,
Total bale*.
New York—To Liverpool, per
lonia, *2,0SI
Egypt,
.
3—Barks Alma,
; Dio Gartenlaube,
; Sultana,
—Feb. 5—Bark Wacissa, 2,471.
For Bremen—Feb. 6—Steamer T. J. Robson. 3,200.
Steamer
1,838. 3,158
arK
Terita. 1,242.
Charleston—For Liverpool—Feb.
12.597
105 1
.
2,900.
1,201.
Mexico. 1,050.
Savannah—For Bremen-Feb. 6—Bark Uranus, J,763..
Feb, 7—R«rv
For Barcelona—Feb. 6—Brig Bella Dolores, 740
Baltimore.
| ...iT..I
2,901; Roma, 3,728.
Feb. 3—Steamm.
Croft. 3,56 »
Monarch..3,845....Feb. 5—Steamer Violet,
.
r
For Aiitwerp—Feb. 5—Steamer Severn,
For Barcelona— Feb. 2—Steamer Castilla,
For Genoa—Feb. 2—Steamer C.istil a,
For Vera Cruz—Feb. 3—Steamer City of
Since
Since j This
Sept. 1. { week. Sept. 1.
This j
week. '
* ’
5,926.
Havre—Feb. 3—Barks Lincoln,
Bremen—Feb. 2—Bark Cedar
For
For
past week,
Philadelphia. J
isnice
3—Steamer Whitney,
For Vera Cruz—Feb
New Orleans—For
8.S37 11.030 423,330 267.7c3
Boston.
This
iceek.
7,2S5 141,130:
4,689 119,605 1.97 4
5,872 165,77-1 3,912
.
.
......
Philadelphia and Baltimore for the
This i Since
week. \Scpt. 1.
fi'om—
......
•
September 1, 18S2:
New York.
Receipts
•
•
Gross Receipts op Cotton at
The Following are the
and since
•
11,365 14.651
Grand Total
16,945
19,896
Otdmr French ports
*
arK
1,016.
Liverpool—Feb. 2—Steamer Carolina, 4,300 Par
Chilian. 1,980; Glonrath, 2,000
Muroiano *4 5v»‘.
Solyst, 1,100.
Saint
Total
Liverpool—Feb. 2—Bark Korsvoi, 1,255.
Bjornstraa, 1,193... .Feb. 6—RniA-
Bremen—Fob. 3—Bark
.For
period
previ'us
Exported to—
Total to Great
Galveston—For
1882.
York since sept. 1.
(bales) from New
Week ending—
Florida
fVoiL. XXXVI
THE CHRONICLE
176
Dull
Good
and
dem md
easier.
5^
inq.
freely
Mod.
freoly met supplied
5*8
5-^
5*316
5131(J
8,000
14,000
2,000
2,000
10,000
2,00 0
5l3ir>
Dull
Steady.
Firm.
Steady.
Barely
atoady.
Wedncs. Thursday.
Tuesday.
and
-
Steady.
6^
51*16
12,000
2,000
Firm.
55?
5*8io
12.000
2,000
Firm.
Quiet.
Steady.
Quiet.
Friday.
Harden’*.
5Uig
576
12,000
2,000
Quiot.
easier.
Very
dull.
Firm.
THE CHRONICLE.
1888 ]
February 10,
Tb« opening, highest, lowest and dosing prices of futnres at
Liverpool for each day of the week are°given below Th«e
°f Up‘and8> **" Mi^dline c,*us«. nnlew
Kwlse stated.
in
"'**c
02—•«**
3
177
FLOUR.
No. 2
spring...# bbl. $2 50®
3 25
2 75 ® 3 50
3 50® 3 85
4 00® 5 25
5 00® G 00
5 00® 5 50
4 75 ® 7 00
3 85® 4 50
GOO® 8 00 |
5 50® 7 50 |
No. 2 winter
8uperflne
Spring wheat extras..
do bakers*
Wia. <fc Minn, rye mix.
Minn, clear and stra’t
Winter shipp’g extras.
Sat., Feb. 3.
Mou., Feb. 5.
Patents, spring
Patents, winter
Tues., Feb. 6.
.*..
City shipping extras. $5 30® 5 80
Southern bakers' and
5 50® 7 00
family brands
South'n slip’g extras. 4 60® 5 50
Bye flour, superfine.. 3 G5® 4 30
......
Com meal—
Western, &c
Brandywine, Ato....
3 20® 3 75
3 75® 3 8^5
2 50® 2 75
Buckw’t flour.lOOlbs.
i
Low. Clos.
Open High
;
Open High Low.
■
d.
d.
d.
|
d.
538
5 38
5 38
5 .<-8
Feb.-Mar... 5 38
5 39
538
5 39
Mar.-April.
5 49
541
5 40
5 41
April-ilay.
549
5 44
5 43
5 4l
May-June.. 5 46
jane-July.. 550
5 48
5 46
5 48
5 52
5 5)
5 52
July- Vujr...
5 54
551
5 51
5 51
Aug.-Sspt,.
5 58
5 59
5 58
5 59
February...
d.
I
!
!
d.
j
....
d.
j Cl08.
Open
d.
d.
j 5 48 | 5 43
5 52
i
5 18
5 48
5 53
5 52
5 52
5 56
5 56
556
5 58
5 60 j
5 61
5 60
561
;
....
Clos.
d.
Spring, per bush.
Spring No. 2
....
....
5 40
5 30
5 40
j 5 41
j 5 45
5 42
5 41
5 42
5 45
5 45
5 45
| 5 47
5 49
5 47
5 48
j! 55 55
51
551
551
5 51
5 55
5 55
5 55
5 00
5 60
5 60
j
5 60
GRAIN.
Wheat-
d.
5 39
!
Bept.-Oct...
d.
...
5 40 j 5 40 | 5 40 1 5 40
! 5 42 i 5 42 5 42 5 42
! 5 45 J 5 45 ! 5 45
5 45
High) Low.
107
114
Red winter
Red winter, No. 2
White
White No. 1
Cora—West, mixed
West. mix. No. 2.
®1 30
®1 15
-si 25
el 21 *4
®1 24 x4
1 10
l 20
1 12
Rye—Western
71
State & Canada
Oats—
Mixed
72
White...'.
G8
White..
Yellow
) Buckwheat
®
74
72H*
73^
72
72
75
®
75
70
®
no
®
..
1
York Produce
Open High Lou'.
Clos.'
d.
d.
Open; High Low. Clos.
I
Febru ry...
Feb.-Mar.. 5 41
Mar.-April.. 5 43
5 42
541
5 45
5 13
....
i
d.
d.
d.
a.
•
5 43
5 41
5 43
5 42 ;
5 41 j
5 43
5 45
j 54i;
5 45
S«
5 43 ; 5 45
5 45 5 47
d.
...
j
Canada No 1..
Canada bright.
Canada No. 2..
5 49
5 51
5 52
5 50
5 51
5 55
5 5:
5 54
5 58
5 56
5 58
Cleveland..,,
5 62
5 60
5 61
St. Louis
6 02
GO)
0 01
Peoria
S:
5 50
5 50
5 53
5 53
5 54
5 56
5
5 f9
5 59
5
5 63
5 63
5 63
5 CO
5 50
5 50 : 5 50
52 j
j 55 56
|
5 58
5 53
|
5 02
5 03
|
0 02
Fkur ha&
]
|
5 55
j
/
...|
o
tO
J
i
BREADSTUFF
.
d.
1
:
i
S.
very firm at some advance, in response to an
Rife.
-
2,107
03,384
41,020
210,711
1,875
4,100
Duluth
Friday, P. M„ February 9, 1883.
13,006
16,214
3 <,640
-56,o00
15,175
129,393
12,401
49,502
22,860
5,552
33,000
294,233
297,457
193,510
55,418
39,873
<15,745
210,400
202,775
3,040,785
866,248
2,682,277
1,472,892
811,678
732,301
39,077.
Tot. wk. ’83
194,892
179,475
144,109
Same wk. ’82
Same wk. 581
1,028,056
1,022,858
611,414
SinceAug.l—
85.553
'
1882
5,430,390
1881
4,100,044
1880
4,702,766
55,698,089
29,147,646
57,582.784
43.528,029 28,754,801
71,043,419 20,801,033
68,307,033 24,487,493
10,396,200
9,241,102
9,647,964
2,798,226
2,995,915
2,717,692
The comparative shipments of flour and grain from the
ports from Dec. 25, 1882, to Feb. 3, 1883, inclusive, for
same
advance in wheat, but the demand has not been brisk and the
four years, show as follows:
supply has increased, especially that of winter wheat brands,
which compose the bulk of the stock
here, and this fact has
militated somewhat against the features of the market favorable
to holders.
To-day the market was firm but quiet.
Flour
Wheat has advanced 2/£ to 8c., with
ulation and a better demand for
Burley.
5 47
5 54
)
Oafs.
5 45
551
il
Com.
5 47
June-July..
i
Wheat.
5 49
5 50
1
Flour.
5 47
5 52
1'
'1
i
Receipts at—
5 49
5 59
.‘.‘’j j
j
5 47
5 49 !
....
j
Opm High Low. Clos.
|
5 49 !
5 49
Oct. Nov....
We first give the receipts at Western
!
5 50
!
Exchange.
Bbls.imbs 7Jtl.sli.60 lbs Hush.00 lbs Rush.32 lbs
Bush.48 lbs J lush. 00 lbs
Chicago
94,974
147,791' 1,781,282
453,041
151,259
36,131
Milwaukee..
58,350
97,208
41,460
39,250
119,631
9,580
Toledo
980
292,856
222,392
10,4 0
1,000
1,220Detroit
2.942
165,287
5 49
5 01
95
87
5 47
5 49
....
....
®
®
5 47
5 47
5 01
....
5 47
5 47
5 61
95
93
85
State, 4-rowed.
t>
®1 03
®
5 47
5 46
....
1 CO
1 63
d.
5 47
Juiy-Aug...
Aug.-Sept.. 501
Sept.-Oot...
....
d.
5 46
51;
59
j
®
d.
April-May..
May-Jure..
i
Fri., Feb. 9.
j
1
i
d.
49
Lake and River ports, arranged so as to
present the comparative
movement for the week
ending Feb. 3 and since Aug. 1 for
each of the last three years:
!
Thut s., Feb. S.
53
4o78*
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the
figures of the New
i
[
j
50
®
50
State, 2-rowed.
'
Wcifnes., Feb. 7.
48^®
Barley—
!
i
74
7G
49
No. 2 mixed.
No. 2 white....
116^®.
®
®
Wheat
1882-83.
1881-82.
bbla.
1880-81.
1879-90.
1,235,867
815,519
1,015,026
384,825
buah.
2.197,969
2,297,540
7.377,645
1,905.358
4.545,166
4,812.151
3,818,164
771,586
261,312
2,8 i 8,100
901,322
1,222,602
291 759
211,234
Cora
8,329,032
Cats
3,471,421
1.301.253
Earley
Rye
220.514
1,157,282
354,523
unusually large spec¬
Total grain
15.523,192
14,526.247
10,461,707
7,757,792
export. Storms and floods at
Below are the rail shipments from Western lake and river
the marketing of the crop, and
ports for four years:
an
..
the West have interfered with
it is claimed that the. winter wheat has
suffered
damage
through alternate freezing and thawing and the disappearance
of the
snow
in certain sections.
Some operators contend that
wheat that can be spared by this
country; others think that the losses of the people in
certain
parts of the Continent of
Europe will require all the
Europe through the recent disastrous
floods will tend to reduce their
purchasing power to such an
extent that the trade will not attain the
proportions now an¬
ticipated by many. The markets at the West and in Europe
have been higher, and this fact has
contributed not a little to
the advance here.
To-day there was a decline here of %@lc ;
No. 2 red sold at
$1 19%@$l 2)% for February, $1 20%@
$121% for March, $1
23% for April and $1 233£@
$124)4 for May.
Indian
has advanced 4 cents for
options and 2 cents on
the spot, with an increased
foreign trade and a large specula¬
tion. Western and
European markets have been much stronger,
and while there
have been frequent fluctuations
here, and at
times a feverish and unsettled
tone, the general tendency has
been towards
higher prices, as a result not merely of the higher
markets elsewhere, but of a
steady demand either from bulbs in¬
creasing their sup’piies or from shorts
covering their contracts,
corn
io-day the
were
market
irregular, cash being firm while options
%c. to lc. lower; No. 2 mixed sold at
72%c. for February,
'71%@72/4c.
for
was
March, 72@72%c. for April and 70%@70>i^
for May, and
steamer mixed at 71c. for
Eye has been him but in
February,
1883.
Floor.
bbla.
Wheat..
‘nsh.
Cora
Oats
TVieek
Feb. 3.
1882.
Week
Feb. 4.
1881.
Week
Feb. 5.
207,336
147,062
150,172
42G.G53
327,565
112,657
138.506
1,771,626
785,849
121,525
39.029
850,755
516,086
109,745
43,105
1,080,265
130,873
3,045,594
1,632.343
1,131,079
Rye
26,289
Total
3,033,026
Week
Flour,
endino—
Feb.
Jan.
Jan.
Jan.
same
43.854
37,581
ports for last four
were:
Wheat,
oots.
4... 207.336
27... 101.9*7
20... 172,214
13. ..224,419
rot.,4w.
705,956
iw’ks 82..562.709
Corn,
bush.
bush.
552,890
1,640,337
263,497
324.238
1,193.440
1.327,961
411,016
1,548.011
1,551,641
1,746,726
Oats,
bush.
681,271
309,263
690,488
735,610
5,709,749 2.419,632
5,954.873 3,072.953
Barley,
bush.
Rye,
bush.
326,131
104,419
202.2 45
243,12 L
26.289
20.856
36.877
63,282
875.916 147,304
440.383 166,712.
The receipts of flour and grain at the seaboard
ports for the
week ended Feb. 3, follow:
F/erur,
Wheat,
Corn,
bush.
Oats,
bush.
bush.
201,694
299,152
Boston
505,420
58,397
102,800
195,614
Portland
Montreal
12,300
102,507
140,400
3,200
Philadelphia...
6,609
20,773
57,875
1,800
Baltimore
New Orleans...
30,136
S,G05
10,400
101,500
270,100
63 1,050
34,000
163,851
At
bbls.
New York
Total week
..
341,574
Cor. week ’82.. 206.954
500
224,000
920,459 1 ,671,421
608,400
836,930
Barley,
bus/t.
42,900
2,650
9,600
4,700
19,550' 15,000
10,500
21,273
316,242
440,690
65,250
60,550
Bye,
bush,.
20,944
1,650
3,010
2,000'
27,604
13,750
The total receipts at the same ports for the
period from
Dec. 25,1SS2, to Feb. 3, 1883,
compare as follows for four
only moderate demand. Barley
has been lirm but
quiet.
Oats
have been active and higher. It ] year3:
is now
stated that this cereal cannot be laid
1882-83.
down here at the Floor
bbla.
current prices, the
1,900,557
Western markets being, it is
averred, rela¬ Wheat
tively higher than the quotations here.
bush.
5.93 i ,673
To-day the market Corn
8.330.034
vas
slightly lower; No. 2 mixed sold at 48%c. for
Oats..
2,49.8.245
February,
49%
Barley
@1%}. for March, 50c. for
412,227
April and 49%@49%c. for May.
Rye
99,378
EHe
following are closing quotations:
Total grain
17,271,557
.
The rail and lake shipments from
weeks
55,735
1,569.682
684,271
32(5,13 L
Barley
1880.
Week
Feb. 7.
....
1881-8?.
1880-81.
1879-80;
1,136,360
1,457,764
1,070,389
3,661.912
5,563,733
3,7 L7.047
5,107,180
2,177.33S
1,950.114
3.932,158
!>,302,72*
1.874,860
684,620
110,585
641.087
595.350
53,389
204,499
10,554,303-
13,785,031
15,954
178
THE CHRONICLE.
The exports from the several seaboard ports for week
4Teb. 3, 1883,
Exports
from —
Flour.
Corn.
Wheat.
Oats.
Bush.
Bash.
New York
Boston...
Portland.
Montreal.
PliiladeL.
Haiti m’rc
N.Ori’us
117,457
Bush.
647.959
27,315
2,693
7,667
32,307
2.015
99.498
189.429
484,937
127,379
86.089
Total w’lr.
8'nse time
1882.
161,665 1,099,175 1,236,698
1,436
106,829
4.540
Bhls.
7,211
.
396.078
54,611
Bush.
Bush.
1,436
2,052
361,775
19,968
53,584
The destination of these exports is as below.
corresponding period of last
year
Flour.
27,063
We add the
for comparison:
Wheat.
Con).
1883.
18-2.
1883.
Week,
Week.
Wee?:.,
Feb. 3.
Feb. 4.
Bhls.
Bhls.
to—
Feb. 3.
126,071
3,978
76.609
Bush.
529,588
4.466
568,587
6.&C.A111
W. Indies
Brit. Col’s
15,4 61
12,538
8.634
1,000
Otli.c’ntV
701
Total...
161,665
Un.King.
Contin’nt
3 882.
T17 ck,
Feb. 4.
Week,
Week,
Feb. 3.
Feu. 4.
Bush.
Bush.
Bush.
161.177
6,566
9,810
...
180,878
50
4.905
1,823
1,379
417,766 1,236,698
364,715
.....
Flou r.
Sept. 1, to-
Un. Kingdom
Continent
&C. Am...
Wheat.
Corn.
1 as 2-83.
1
18S1-82.
1882-83.
1881-82.
1882- S3.
1831-82.
Sept-. 1 to
!
c-ept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1 to
Feb. 3.
i
Sept. 1 to
Feb. 4.
Fi h. 3.
Feb. 4.
Fi b. 3.
Fib. 4.
Bbl,\
|
Bush..
Bush.
Bush.
3,207,577j
Bbls.
1,362,729
22 822.925
18.772,503
330,4821
87,032
15,519,95 ?
0,389,573
SSJ.Pffigj
435.39]
301,933
88,07.32.329
3,5u5
19,700
...
West ladies.
Oth. countr’s
...
239,183
205,523,
y 1.025 j
Biii. CoiYiies
Total.
4.624
030!
Bush.
7,323,711:
893,001
92,002
182,835
13.713,471
3,032,472
242,707
67,118
258.078
253.735
7,8.0
13,108
133.0 :>
200,208
53,122
74,120
3.2,740
071,295
25,385,555
8.011.914
17.384,254
2,314,953
41
The visible
supply of grain, comprising the stocks in granai
principal points
til and water, Feb. 3, 1883, was
ports, and in transit bj
y
at the
follows:
In atorc.cl—
New York
Do. afloat test.)
Albany (ost.)
Buffalo
“
.
Wheat,
Corn.
Oats,
Barley,
t'Hxh.
bush.
bush.
hush.
0,275.3 37
1,667, L i 6 1,(09,912
150 OJO
23.000
80,00 0
37,000
11 1.8(0
1,007,780
22.814.
30,199
.
54,146
3 50,000
102,000
329,473
Colored cottons
Chicago
5.520,078
*•
afloat
Milwaukee
Duluth
Toledo
Detroit
Oswego.
Bt. Louip
Boston
Toronto
Montreal
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
Down Mississippi.
On rail
325,000
070,327
1,173, ISO
1.285,017
6/7,1 Hi
150,000
983.856
245.913
297,503
201,318
639.551
9.C25
286.501'
22G.858
964,821
126,237
6iC,139
3 793,931 1,567,943
357,177
16,-83
..
2:2,387
-
.
S69
only moderate request, and cottonides
and cheviots ruled quiet.
Print cloths were active and dearer,
closing at 3 13-16@3J4c. for 64x64s and 3Mc. for 5Gx60s.
552,714
56.918
60.000
33 0 9
16 024
2.500
1,098.511
168,235
181.740
118.1.-0
3.474
65,529
5,417
397,472
194,1 41
175.896
3 45 389
3 04,800
33.900
429,854
348.803
70,655
16,297
2,038,150
839,903
4,5t 0
1.1,784
231,662
2 'fi.000
87.500
34,379
510,811
75,000
52.378
3 0,339
183.110
6,052
13,227
29,821
697
398.311
hands, but the demand
militated
DRY
GOODS
111.759
14.000
22,505
36,717
TRADE.
The situation in the
dry goods trade has not undergone any
change during the past week. Many Southern and
package buyers have completed their early purchases
returned home, but others have arrived daily to take their
Western
and
place, and the market has, therefore, presented a fairly active
appearance. The deunnd was spasmodic and irregular (the
distribution of spring fabrics having been checked at times by
unfavorable weather) and buyers continued cautious and dis¬
criminating in their purchases; but the volume of business was
fairly satisfactory under the circumstances, and tlie outlook is
{regarded hopefully in commission and importing circles.
Thu3
jobbing trade has net shown much activity, but re|for the are
beginning to arrive from some of the more remote
‘^iilers
was
and colored silks met with
attention, and there was a fair
staple and fancy dress fabrics. Linen goods, white
grods and embroideries m<d with considerable sales, but laces
were mostly quiet, and hosiery and gloves were hardly as active
as expected, though a fair distribution was made
by a few of
more
business in
the
leading importers.
Importations of Dry Goods.
importations of dry goods at this port for the week
ending Feb. 8, 1883, and since January 1, and the same facts
for the corresponding periods of 1SS2, are as follows:
The
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Friday, P. M., February 9, 1883.
material
active in first
irregular, stormy weather having
against the demand for light summer fabrics. Black
&
THE
more
_____
9,428.510 4.471,82L 2,946.491 1 ,540,239
9.229.144 4.425.589 3,004.030 1 ,5 41,978
.8,313,139 3.180,306 2,,792,782 1,,145,926
Tot. Jan.
lightly
Woolen
Foreign Dry Goods have been rather
1,493
0,7. 0.651 4.352,161 2,,057,761 1,646.08 4
9,550,49 / 3,985,195 2.303.521 1.506,689
9,575.707 4,4! 9,925 2,.7 92.300 1.494,001
3, '83.
were
Goods.—Heavy union cassimeres and
coatings have received rather more attention from the
clothing trade, and some fair orders were placed by buyeis on
the spot and through the medium e£ traveling
salesman, at
prices slightly below last year’s quotations. Heavy all-wool
cassimeres have not been generally opened as yet, and transac¬
tions were conscquantly limited in number and volume. Over¬
coatings were in moderate demand, and there was a fair business
in heavy satinets.
In light-weight clothiDg woolens there was
no movement of
importance, the demand having been restricted
to small re-assortments.
Wool suitings and sackings were in
steady request, as were white flannels, and prices remain firm.
Kentucky j^ans and doeskins continued quiet and prices show
little, if any, improvement.
5.786
905
7.3.082
7,728
irregular demand, and ginghams
worsted
CO, 2 4 3
500,000
.
in
were
Fye,
-
203,350
in
were
hue.;:.
75.000
afloat
Tot. Feb.
January 1, 14,184 packages, against 13,645 for the same
period in 18S2. There was a steady demand for brown and
bleached goods, and the market has shown more
firmness, some
makes having been slightly advanced bjr manufacturers’
agents.
Domestic
By adding this week’s movement, to our previous totals we
of exp erts since September 1, this
Er ports since
an
dealt in.
4,239
6,512
...
1,482
106,829 1,099,175
2 882.
.
228,806 1,080,259
143,815
187,478
12,285
3,737
1,098
2,9 IS
3 984.
have the following statement
season and last season.
S.
early improvement in this
confidently anticipated.
Domestic Cotton Goods.—The Exports of domestics
for the
week were 3,249 packages, including 1,025 to Great
Britain, 954
to China, 275 to Argentine Republic, 245 to
Brazil, 177 to U. S.
of Colombia, 1S7 to Uruguay, &c., making the total
shipments
Prints
Exports
for wed:
and
since
221,983
j
-
Peas.
*3
!
17,916
4J7.7G6
sections of the country,
branch of the business is
*
j
.
ending
shown in the annexed statement:
are
[VOL. XXXVI.
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