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HUNT’S
MERCHANTS’
MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS
(Entered, according to act of Congreea, in the
VOL. 34.
year
1882, by Wm. B. Dana
THE
CHRONICLE.
Have We Gold to Lose 1
155 Ellison & Co.’s Annual Review
Continuing
Our
National
of the Cotton Trade for the
Banks
156
Year 1881
162
Financial Situation
<.
TRe Business of the Chicago &
Northwestern
The Opening of the
Parliament — The
Speech
ary,
Earnings
1882
157
Imports and Exports for De¬
158
cember, and for the Six and
Twelve Months Ended De
British
cember31, 18S1
Queen’s
*...
Railroad
159
in Janu¬
160
166
United States Treasury State¬
ment
Monetary and
English News
UNITED
News
Congress, Washington, D. C. |
THE
BANKERS’
Money Market. Foreign Ex¬
change, U.S. Securities, State
And
Bonds
GAZETTE.
New York Local Securities.... 172
and
Railroad Earnings and Bank
Returns
173
Range in Prices at the N- Y.
Investments,
and State, City
Stock Exchange
170
and Corporation Finances... 174
THE COaMaMERCIAL TIMES.
Commercial Epitome
179 | Breadstufts
184
Cotton
ISO I Dry Goods
185
169
—
868.
tion, which even two months’ production would more than
good. These are well-known facts which were present
to the mind of
every reader in connection with our remark
that we had no gold to
spare, since we have stated them
167
Quotations of Stocks and Bonds 171
NO
make
all within
167
STATES.
large amount in the aggregate, and to take out 5 millions
from the total would in itself be an
insignificant deduc¬
167
Commercial
Commercial and Miscellaneous
and
Railroad
Stocks
THE
SATURDAY, FEBRUARY 11, 1882.
CONTENTS.
The
OF
& Co., in tbe offloe of tbe Librarian of
a
few weeks in these columns.
do not let us forget that this 575 mil¬
gold is not all in a barrel with a bung-hole
in the end, and we
holding the spigot in our hand
regulating the flow at will. In the first place, there is
only about 300 millions of it that can be even nominally
reached; the balance has a kind of mythical existence,
being in the hands of the people throughout the length
lions
yet,
of
and breadth of
this vast
country, and so securely put
away
one very seldom meets a dollar of it in his daily
transactions.
Compare our position in that particular
The Commercial and Financial Chronicle is issued
every Satur¬ with
day morning, with the latest news up to midnight of Friday.
England and France. Their square miles of terri¬
•^Entered at the Post Office, New York, N. Y\, as second-class mail matter.]
tory are literally covered with gold coin, and one finds it
in
TERMS OF SUBSCRIPTiON-PAYABLE IN ADVANCE!
abundance, everywhere passing freely from hand to
For One Year (including
postage)
hand.
$10
20.
Hence, when a drain comes upon their visible
For Six Months
do
6 10.
Annual subscription in London
(including
£2
7s.
postage)
supply, they can replenish it, as they have been doing in
Six mos.
do
do
do
1 8s.
Subscriptions will be continued until ordered stopped by a written past years, from internal domestic sources.
We have no
^Ixe Chronicle.
order, or at the publication office. The Publishers cannot be
responsible
for Remittances unless made by Drafts or Post-Office
Monev Orders.
A neat file cover is furnished at 50
cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
•
Liverpool Office.
in Liverpool is at No. 5 Brown’s Build¬
The office of the Chronicle
ings, where subscriptions and advertisements will be taken at the
regular rates, and single copies of the paper supplied at Is. each.
WILLIAM B. DANA. )
JOHN G. FLOYD.
j
4.WILLIAM B. DANA & 00., Publishers,
79 & 81 William Street, NEW YORK.
Post Office Box 958.
that
confidence in the estimates made of Great Britain’s invisible
stock of gold.
She evidently has more than any of them,
allow her.
Her past accumulations cannot be measured
through the net results of the official
and export of that
metal;
that ours cannot be either.
if the money
HAVE WE GOLD TO LOSE?
Objection has been taken in
several quarters to our
statement of last week that “we have no
gold to lose;”
the
of
commerce
divers hidden ways;
and
and
tables of the
we are very
That is to say,
import
much afraid
it looks as
leaked into Great Britain in
may
it not similarly leak out of
the United States ?
But be that
as
it may,
with
us
whatever is in the hands
opinion being .expressed with great confidence that an of the people, is so small in amount and so scattered over
export of 20 millions would be of service, since we would such a vast surface, that it will never be
gathered up
receive something valuable for it and
part with what we again, so we shall take the liberty of counting it out of
have no use for. In view of the
shipments that have this discussion. And here we might ask the question
already been made and of the possibility of a continuance of without going further, whether the reader thinks we have
the movement, if not now later in the
season, a few words any gold to lose, even if there were no other elements
of explanation
to the problem than have thus far been disclosed.
may be of advantage.
We
Of course no one understood us as
have
such
an
extensive
meaning by the
territory, that it requires more per
statement quoted, that an export of a few millions of
head
to
gold
supply our people’s wants. than it does Great
would ruin the country.
Britain’s.
It may be said we have a sufficient substitute
Nothing of that nature can be
inferred; nor can our remark be even construed as an in our bank bills and greenbacks. But how much
stronger
opinion that our currency would really be endangered by financially the country would be, how far less under the
such an outflow.
The United States held on the first of influence of
panics in Europe, if we had no bills below ten
November, according to the Mint report, 563 millions of or twenty dollars, and forced into the place the smaller
gold coin and bullion, and as the net import in November denominations now fill, gold and silver.
Why should we
and December was $5,380,000 and the
production about 6 be content in holding a position so much less stable and
pillions more, we must have had on January 1st, 18S2, independent than either of the other nations we have
nearly 575 millions of gold in the country. That is a mentioned holds ?
-
THE CHRONICLE.
156
..
rvau xxxiv
■
It will be
well, however, to carry our
investigation a
Philadelphia
■tep further. The New York, Boston and
banks report on hand about 80 millions of gold.
New York Sub-Treasury shows about 76 millions more.
Scattered
Where is the balance of the 300 millions ?
The
banking associations whose charters are expiring to extend
their corporate existence ; whereas Mr. Buckner, of the
same Committee, furnishes a minority report providing
liquidation.
It would be impossible for this question to be raised in
a more satisfactory manner.
There is no opportunity for
maimy in small amounts through the banks, national and
dodging or concealing the real issue. Now let the matter
State, and in Treasury deposits, in every part of the land.
be thoroughly discussed in Congress, and the speeches be
May we not safely say then, that at the utmost 225 mil¬
circulated far and wide in every Congressional district of
lions is the extreme limit of our available gold supply for
the country.
We have the utmost confidence in the judg¬
supporting our commercial exchanges, our currency and ment of the
average American citizen ; all it needs is to be
for meeting foreign calls.
To be sure we are producing
enlightene 1, and no machinery could be devised for attain¬
gold, but that will not help to satisfy a drain, for our peo¬
ing that end, better than that within the control of our
ple are absorbing it faster than it is produced. The Mint
representatives in Congress. That the public is alive to
statement shows the amount in the hands of the people
the issue we may judge from the letters we receive from
Nov. 1, 1879, to be about 160 millions ; on Nov. 1, 1880,
the West and South asking whether we cannot induce
it is given at 200 millions ; on Nov. 1, 1881, it had
So whether we like it or not, we capitalists to establish banks in those sections. Besides,
reached 271 millions.
this interest will be quickened by study, until the people
are-reduced to the necessity of accepting the fact that 225
see clearly that the
bank is a necessary outgrowth of
millions or less covers our entire available stock of gold for
commercial purposes. It is not necessary to suggest the commerce, as essential to its life as blood is to the body.
We have, however, often said that we have no attach¬
effect on this small stock of a continued outflow.
For
ment to our present national system that would prevent
while the supply is abundant for our own needs if we are
our quickly accepting a better.
All we claim for it is that
prudent, any one can see that it is no evidence of wisdom
the
best
it is
system that has yet been devised, so far as
to talk flippantly and boastfully about freely supplying Eu¬
our experience goes, and
that it should be continued and
rope’s wants.
cultivated until a better is proposed.
The banks in this
The delicacy of the situation is more clearly seen when
city, and in fact the majority of banks elsewhere, have
we remember that for the time being at least we have lost
the control we had over this gold current
Two condi¬ very little interest, as the case now stands, in the question
of continuance, for the profits of banking business are no
tions have concurred in securing past accumulations.
First of all was the need the country had for gold.- It longer peculiar to the national system, and the banks
would never have come had we not required it for desiring to do so can quickly reorganize under State
But suppose they could not or de not reorganize,
law.
currency purposes. .That requirement forced such trade
and that the opposition should be able to throw into
relations with other countries as made the accumulations
possible, while our abundant crops simply furnished the liquidation the 92 millions of banking capital the cor¬
opportunity. It is extremely important that we do not porate existence of which will terminate within a year
from the first of March;—can one easily measure the
lose sight of this relation between the supply we obtained
harm such action would work to commerce and to tha
and the use we had for it, since it helps us to see how
directly the efforts now making to push silver certifi¬ people ! It would be individual and public interests solely
that would suffer, not the interests of bankers or. banking
cates and silver dollars into circulation—in other words to
make them supply the place of gold—weaken to that very capital, for the latter would quickly seek other, safer and.
more profitable investment.
extent our power to obtain the more valuable metal.
But although this statement covers a truth so evident to.
Besides, to effect this we are compelled to over-value silver
our readers, it is a point the people are not well informed
and hence prevent it from being exported. Thus we not only
force it into the place which gold would naturally flow into upon, and need to have explained to them over and over
Even, some of our representatives claim that
and fill up, if we would let it; but in doing that we also again.
their constituents—in rural districts—have no interest in
rob our export column of an annual value of about 25
the continued existence of these city banks.' They cannot,
millions.
rise above the idea that banks are simply local shops for
It is not surprising, in view of all the facts we have
suggested, that conservative classes have felt some uneasi¬ discounting accommodation notes; and it may be they
have a constant grievance—frequent refusals—as the basis
ness under the prospect of shipping gold.
The next five
of that belief.
Argument with them would.be useless; so
months, as we showed last week, cover a period when
commercial bills are likely to be much less abundant than the only resource is to take the issue directly before their
constituents by circulating well-considered speeches, not
a
We have less produce to send forward, but
year ago.
filled up with figures, but explaining in simple ..language
as values are generally higher, unless our imports increase,
what banks really are and the place they fill in the com¬
the belief seems to be well founded that our trade balance
merce of the country, until the farmer in the West who
will continue fairly favorable.
We cannot think, there
raises wheat, and in the South who raises cotton, sees for
fore, that the outflow will be large. The disposition our
himself that to get his produce to market he is a3 depend¬
people have shown to hoard gold has neutralized the efforts
ent upon the bank as he is upon the railroad.
If his
of Congress to get rid of it.
prejudice would destroy the one, let hint save time by
CONTINUING OUR NATIONAL BANKS.
blotting out both, reducing tlie commerce of the country
to
the mule as a carrier and to the country store as the
It is seldom that the people are so fortunate as to have
the issue of the continued existence of our national bank¬ exchange-mart.
Then there is the question of currency involved, for
ing system sharply and distinctly presented.
This week,
however, it has come before the House of Representatives this 90 millions of capital carries with it 68 millions of
If the opposition to a continuance of this
in a way that will compel any member who is eager to bank notes.
enroll himself in the opposition to do bo openly. Mr. circulation had coupled with it a plan for a substitute, or a
Crapo, of the Committee on Banking and Currency, has system of any kind to take its place, it would deserve
presented as a majority report a bill to enable natioi al careful consideration. It is a very serious question wha*
*
for their virtual
February 11,
CHRONICLE.
1882. J
skall be our future currency,
for
our
bonds
are
being paid
rapidly and appreciating so in price that we are likely
to lose our bank notes whether we will or not, unless we
do something to avert that result.
Forcing such an end,
however, by hostile legislation is a part of the wild
scheme that would rob us of the best banking system any
country has ever enjoyed. Still we should not lament, if
these iconoclasts would at the same time put out of exist¬
ence all paper money below twenty dollars and thus force
gold and silver into general circulation.
so
corollary to the conclusion these sugges¬
tions reach, and that is, if the continuance of these banks
and this currency is found so desirable as it seems to us
to be, why should we not relieve the system of some of
There is also
a
in schemes of
157
similar
character, and all that are in any
way open to suspicion will most likely, for the present at
least, be shunned by investors and speculators. It is
probable that the promoters of these enterprises have
made strenuous efforts to sustain them, and to give them
the appearance of solidity during the events of the last
month, but this course cannot long be effective, and sooner
or later the weak points
will be disclosed, and one after
another the properties thus situated will follow the Union
Gene rale.
While these movements towards liquidation
and a readjustment of values are in progress, the Bourse
is likely to be dull and at times to be excited, and the un¬
settled feeling there will naturally be communicated across
a
the channel.
The markets of London would not be so sensitive to
laboring under and leave it free to
expand. But we will not discuss that point now, for we these influences from Paris if the condition of the Bank of
cannot doubt that measures to that end will be reported by England as regards bullion were stronger. That bank has
the Committee later in the session.
The thing to remem¬ so small a supply that any disturbing event is regarded
ber at present is, to press this war to the end.
There is with anxiety. If there were a probability that affairs in
nothing to be ashamed of or to apologize for in our Paris would continue in such an unsettled state as to require
national banking system. The more it is discussed the more or less permanently the supply of gold which has
better it will be liked, and the less favor will be shown by the crisis been drawn to the Bank of France a speedy
its opposers.
So we cannot but rejoice that the issue is reduction in the Bank of England rate of discount could not
be looked for.
Therefore the daily increasing gain by the
fairly and openly raised in this instance.
Bank of bullion on balance and the improved condition of
THE FINANCIAL SITUATION.
exchange at Paris on London were regarded with satisfac¬
There has been a material improvement in the situation
tion, and we can readily understand why on Wednesday
of financial markets this week. The long-dreaded settle¬ afternoon the London market responded so
quickly to
ment at the Paris Bourse was accomplished without serious unfavorable news from Paris and
sympathized on Thurs¬
disaster, confidence was immediately restored at London, day with the more encouraging intelligence.
exchange grew weaker in our market, and stocks promptly
Our exchange market quickly felt the effect of the im¬
responded to the changed condition. The favorable provement in London, and on Tuesday the rate for sight
exhibit made by the leading railroads for January and
sterling fell off half a cent, while there was a better de¬
the apparent good faith displayed by the managers of the mand for
60-day bankers and a more settled market for
trunk lines in carrying out their late agreement, con¬ commercial bills.
The supply of sight bills, however,
tributed to sustain prices in Wall Street until yesterday,
appeared to be scarcely equal to the inquiry, and tho
when there was some depression and irregularity, reported decline was arrested.
Under Wednesday’s news the mar¬
to be the result of large sales of certain stocks by a cotton
ket for short sterling grew stronger again, and on Thurs¬
house which failed Thursday.
day the rate once more advanced to a. point which made
The reassuring advices from Paris received late on Friday
profitable shipments of gold. Rumors were current on
were confirmed on Saturday.
The settlement resulted in that day that gold would go out by Saturday’s steamer,
some failures, but
these were expected and therefore which it is now repeated will not sail until Sunday morn¬
occasioned no surprise.
The suspensions were, however ing. Probably the amount will be small. This belief is
confined to what are known as outside brokers, and did
encouraged by the break in both the bread stuffs and cotton
not involve the regular members of the Bourse.
Monday markets, Us the lower prices are likely to start a liberal
there was a prompt recovery in the tone in that market,
export movement in those staples, which will supply the
with indications of returning confidence.
The most exchange market with bills, now so greatly needed. The
gratifying feature was the rate of exchange on London, following showTs relative prices of leading bonds and stocks
which steadily advanced, reaching a point on Monday in London and New York at the
opening each day.
checking further withdrawals of gold from the Bank
Feb. 7.
Feb. 8.
Feb. 9.
Feb. 10.
Feb 6.
of England,. the Bank commencing on that day to
Lond'n N.Y. Lond'n N.Y. Lond’n N.Y. Lond'n N.Y. Lond'n N.Y.
gain bullion on balance for the first time since the
prices.* prices. prices.* prices. prices.* prices. prices.* prices. prices.* prices.
troubles in Paris assumed a threatening aspect.
117*84 118%
U.S.4s,c. 117 96 118% 117-84 118% 117-72 118% 11772 118%
With these changes in the movements of gold and ex¬ US.8%s 10163 102% 101-63 102)4 101-53 102% 101-53 102% 101-63 102%
40-22
40
3985
40-20
40%
4001
39%
Erie
39%l 4001 40
change, the London market resumed its normal condition 2d
98-69
99 %.
99 08
0908
90
9918
99
9918
99%
99%
136-49 136%
111. Cent. 136 49 135% 13674 136% 136-60 136% 13611 135%
on Monday, and the tone continued strong until Wednes¬
131-71
N. V. C.. 13085
131%
130% 131-58 131}* 13194 131% 131-20 131%
day afternoon, when it was slightly unsettled by the news Heading 31-421 62% 31"54t 02% 3l-75t 63 31-63t 63% 31-9M 64
of a disquieting character from Paris.
This change at the Exch’ge,
4*91
4-91
4-POX
4-91
4*90%
cables.
French capital was the natural result of an effort on the
Expressed tn their New York equivalent,
t Heading on basis of $50, par value.
part of speculators, who had carried their stocks through
The statement of the Bank of England was favorable,
the crisis* to market their properties.
In unloading, they
carried prices downward, more or less rapidly, and for the as already stated, showing a gain of £529,000 bullion for
moment there might have been apprehensions of a renewal the week (and £209,000 on balance on Thursday,
and
of the troubles; but these fears appear to have been £172,000 on Friday,) and the proportion of reserve
The principal part
speedily dissipated, for on Thursday there was a recovery to liabilities is up 2 per cent.
of this increase probably came from Paris and the re¬
in the Bourse and an improved feeling in London.
The Bank of
It is reasonable to expect that the foreign markets will mainder from the interior of Great Britain.
be sensitive for some time.
The collapse of the Union France exhibits a gain, if correctly repo; ted, of 76,850,000
General® has doubtless greatly unsettled confidence francs gold, and a loss of 13,175,000 francs sllver.^The
the burdens it is now
-
.
con.
*
THE CHRONICLE.
158
Bank of
since
'
our
of bullion in each of the princi¬
pal European banks this week and at the corresponding
date last year.
,
Feb. 9, 1882.
TJonV nf
T^nffland
Bank of France
Bank of Germany
Total this week
Total previous
week
Feb.
10,1881.
Gold.
Silver.
Gold.
Silver.
£
£
£
£
26,126,584
19,300,952
21,698,951 48,364,090
45,332,464
32,252,982
6,926,912 20,780,738 7,080,687 21,242,063
58.480,846 66,113.202 54,906,222 69,606,153
54.685,568 66,052,704 54,741,001 69,546,432
call has been in good and at times in liberal
supply during the week, and an attempt on Monday to
Money
doubtless what holders of these
are waiting for.
The redemptions at the SubTreasury of bonds embraced in the 105th call have been
$25,600, and of the 106th $224,000. This leaves about
$691,100 of the former and $3,381,900 of the latter still
March
Germany reports a decrease of 4,600,000 marks
bonds
last, which probably went to Paris. * The follow-
ing shows the amount
on
unsuccessful. The domestic exchanges
at Chicago and St. Louis have advanced, the latter to par
and the former to 25 cents per $1,000 discount, and thus
the drain of money from this centre is checked.
The
Treasury operations for the week have resulted in a gain,
The fol¬
which is a loss to the banks, of $1,328,010 67*
lowing will show the extent of the interior movement
mark up rates was
[*». xxxiv.
13, and this is
outstanding.
The payments by the Assay Office,
Treasury, during the week amounted
receipts by the Assistant Treasurer
House
were as
through the Sub
to $39,521. The
from the Custom
follows.
Consisting of—
Duties.
Bate.
Gold.
Silver
Certificates.
$1,000
$103,000
$232,000
$19,000
284,000
369,000
9....
616,707 73
369,230 68
740,966 97
434,000
40,000
25,000
38,000
28,000
39,000
Total...
$3,209,142 12
3
4
...
...
44
6....
44
7....
a
8
4*
Silver
Dollars.
$415,637 31
474,801 69
591,797 74
Feb.
<1
U. S.
Notes.
...
251,000
580,000
$2,210,000 $189,000
154,000
1,000
1,000
......
197,000
144,000
90,000
122,000
$3,000
$810,000
THE CHICAGO & NORTH¬
WESTERN.
THE BUSINESS OF
activity and strength displayed of late by
the stocks of the Chicago & Northwestern, it will be interest¬
Received.
Shijyped.
Receipts at and Shipments from N. r.
$693,000 ing to see just how the company’s affairs and business are
$1,106,000
Currency
48,000 progressing.
24,000
The fiscal year ends May 31, and the report
Gold
issued at the regular time; but contrary
for
1880-81
was
$741,000
$1,130,000
Total
f
The last bank statement was made up on declining to the practice in previous years, no statement has yet
averages for specie, the gold withdrawn for shipment on appeared for the first half of the new business year.
Friday not appearing in the exhibit. Allowance, there¬ Monthly statements of gross earnings have been regularly
fore, should be made for that, as well as for the following furnished, but in the face of the heavy increase iu expenses
which pretty nearly all roads have shown during recent
items, to reach a correct idea of the changes in the bank
periods, these are no longer accepted by the public as
reserves.
indicative of the net results of operations.
The figures
Net Gain.
during the week.
•-
Into Banks.
Sub-Treasury operations, net...
Interior movement
Total
*
$
Out of Banks
$1,328,011 -$1,328,011
1,130,000
741.000
389,000
$1,130,000
$2,069,011
■-$939,011
Lots.
$300,000 in gold was taken out
of the vault of the
during the week.
market, as already stated, was favorably influ¬
enced early in the week by the news from Europe.
This
appears to have encouraged speculators for a rise, and on
Tuesday there was a marked advance in the Southwestern
stocks, followed on Wednesday by a buoyant market for
the trunk-line properties, when the names of the arbi¬
Values yielded a little to the
trators were announced.
Bank of America
The stock
In view of the
given in the company’s return for the calendar year to the
Wisconsin Railroad Commissioners, an abstract of which
was sent East this week, are therefore especially oppor¬
tune, because they make' it possible, by instituting com¬
parisons with like returns for the previous year, to arrive
at a tolerably correct idea of the present business of thisgreat system of roads.
In 1880-81 (year ended May 31) the road earned
$19,334,072 gross, or $1,984,723 more than in 1879-80.
Notwithstanding this increase in gross receipts of pretty
nearly two millions, net earnings were actually somewhat
less than in the previous year, or $8,908,251, against
$8*617,749, on account of the loss entailed by the snow
and ice blockades ©f the winter
months and the floods in
sales in the afternoon of that day, when
reports were received from Europe, but spring. Out of these net earnings the company had to pay for
the market soon reacted and prices recovered.
The rental of leased roads, sinking fund account, and interest on
truth is that home conditions all continue favorable. bonds, $5,130,749 in 1880-81 and $4,837,581 in 1879-80,
The re seems to be a reasonable certainty of easy money leaving a balance of only $3,777,502, against $4,080,168
Still, even this
in the near future;f the railroad earnings show a very in 1879-80, or a falling off of $302,666.
reduced net income was equivalent to more than 10 per
satisfactory increase, indicating continued business im¬
cent on1 the aggregate ($36,744,271) of both classes of
provement; the trunk-line railroad managers appear to be
working harmoniously together and disposed to carry out stock, common and preferred. The net income of the
year was equal to about 11 per cent.
in good faith the terms of settlement which they have previous
agreed upon. These encouraging conditions induce a According to the terms under which the preferred
stock was issued, the dividends must be as follows—First
greater confidence, and so the tendency continued upward.
Yesterday, however, there was an unsettled market under 7 per cent must be paid on the preferred and after that
free sales of stocks by the cotton house that failed, as the common is entitled to 7 per cent; then the preferred
has the preference again of 3 per cent more, while the
before mentioned.
Government bonds have been steady and strong, and next three per cent goes to the common ; in all distribu¬
dealers report a good investment demand from all sec¬ tions of profit above this 10 per cent the two classes of
tions.
The 108th call for $20,000,000 extended 6s was stock share equally. But the company pursued a conser¬
issued on Tuesday, and it gives the usual 60 days’ notice vative course and distributed only 7 per cent on the pre¬
of the redemption of the bonds.
It is now probable that ferred and 6 on the common, carrying the amount
an order will soon be given for the redemption, without remaining to surplus account, which on May 31, 1881,
rebate, of bonds embraced in the 107th call, which matures footed up altogether $7,533,987.
pressure of free
the disquieting
Fxbruajrt
THE CHRONLCLE.
11, 1882.]
159
Judging from the monthly statements of gross earnings $6,818,221 24, while the expenses were $3,563,055 92,
that have already come to hand, and the figures of expenses leaving the net $3,255,165 32, or $910,306 81 greater than
supplied in the returns to the Wisconsin Commissioners, in 1881. With-these figures before us we cannot doubt
the current year, when completed, will show a very decided that the five months of 1882 will turn out better than in
improvement upon 1880-81. During the eight months 1881. The gross earnings for January are $380,000 above
that have elapsed since the close of the fiscal year the those of January, 1881, and it would seem likely now that
company earned, gross, $16, /33,261, against $13,838,453 notwithstanding the higher cost of materials, labor, &c.
in the corresponding period of the previous year, a gain the $910,000 lost in net last year will be fully recovered
of $2,894,808.
Of course expenses have also increased, this year ; but to be on the safe side, we may assume that
hut after allowing for this there still remains a gratifying only $500,000 of this loss will be made good.
Adding
this
the
to
$1,387,275 gain actually made during the first
margin of gain in net earnings. The month of Januar}^
seven
months, the total gain in net earnings for the year
1882, is not embraced in the period covered by the report
to the Wisconsin Board, and, besides, it would be too early ending May 31 next, over that of the previous year, would
yet to get complete returns of expenses for that month ; he about $1,900,000.
The only remaining inquiry is, how much of this in¬
but from the material in our possession the net results of
the other seven months can now be figured up without crease in net earnings will have to be charged off
against
very much difficulty.
We have accordingly brought an increase in fixed charges, &c. On May 31 the total
together the earnings and expenses for each month since funded debt was given at $57,006,000, and the amount
May last, and give the figures below. The figures -for the paid for interest during the year (including $98,120 on
account of sinking
same time in the preceding year are also added, so as to
funds) at $3,746,017 45, and for rentals
enable comparisons to be made.
$1,384,731 75. In the abstract of the report to the Wis¬
consin Commissioners, the total funded debt on December
1881.
1880.
31, 1881, is stated at $61,057,000 and the amount paid
Month.
Operating
Operating
Gross
Net
Gross
Net
for interest during the calendar
year at $3,838,046 82,
expenses
expenses
earnings.
earnings.
earnings.
f
t
June
..
July.
..
Ausust
Sept...
Oct...
Nov....
Dec....
and taxes.
and taxes.
2,306,440 45 1,140,586
1,083,031 64,1.002,399
2,315,164 03 1,165,430
2 292,676 79
972,809
2,341,097 80 1,047,955
2,019,037 94 895,781
1,855,470 54 034,412
72
57
$
1,159.853
980,632
1,149,733
1,319,770
1,293,142
78
07
81
80
30
22
00
50
11 1,123,256 83
19 021,034 35
*
1,071,177 08
1,099,685 68
1,767,038 55
2,020,244 58
2,105.216 73
1,855,621 74
1,477.902 10
$
030,914
86€,f50
886,478
843,752
850,594
earnings.
and for rentals at
$
23
743 S€S 85
73 8SS,7S4
00 881,460
27 1,171,492
66 1,254,622
826,961 08 1,028,660
826,950 72 650,051
95
55
31
07
66
44
Tetal. 15,112,025 10 7,165,465 21 7,947,459 08 12,597,786 52 6,937,601 69 6,560,184 83
In the first
months of the current fiscal year
road has thus swelled its net earnings by $1,387,275
seven
the
15.
How about the
of the period.
remaining five months ? Are they likely to be less or
So much for this part
Pi
favorable than in the
$1,482,247 86. It may be that by the
end of the current fiscal year, May 31, the charge for in¬
terest and rentals will have still further increased, so we
will allow for the former a round 4 millions, and for the
latter
million and
half,
5J millions together. This
$370,000 above the same charges for 1880-1,
which,1 in turn, were about $300,000 above those for
1879-80.
Deducting the $370,000 increase in charges
from the $1,900,000 increase in net earnings, the net income
applicable to stock would show a gain of fully 17} millions,
making this item for 1881-2 more than $5,275,000, against
the $3,777,502 given above fob 1880-1.
It takes about
$367,000 to pay 1 per cent on the combined stocks, so that
on the above basis the
company will earn in the current
fiscal year more than 14 per cent on its capital.
Should
there be no change in the present rate of distribution—which
still continues at 7 per cent on the preferred and 6 on the
common—there would remain a surplus on May 31, from
the year’s operations, of almost $2,900,000,
increasing the
total surplus or income account to over $10,400,000.
a
a
or
is about
preceding year ? To answer
this question one has only to recollect the peculiar influences
affecting railroad operations in the early part of 1881#
The severe weather of the winter and spring of that
year are too fresh in mind to need detailed men¬
tion here.
Suffice it to say, that the snow and ice,
and the floods and freshets, not only entailed a large
additional expense in operating the road, but also
greatly reduced gross receipts through the embargo that
was placed upon the free movement of traffic.
Indeed, so THE OPENING OF THE BRITISH PARLIA¬
MENT—TIIF QUEEN'S SPEECH.
pronounced was this tendency towards decreased receipts
and increased expenses that in one or two months net
A prominent feature of the foreign news of the week
earnings dwindled to almost nothing. To bring out this has been the announcement of the opening of the British
fact we give below the gross and net earnings for the first Parliament. The members re-assembled on
Tuesday, when
five months of the calendar year 1881, adding the gross the
speech from the throne was read by the Lord High
earnings for January, 1832, and leaving blank the remain¬ Chancellor, Lord Selborne. It is now some years sinco
ing months so that the reader may fill in the figures as Queen Victoria ceased to make her long-accustomed
the year progresses.
appearance at the opening of Parliament, and, in her own
admirable manner, read the speech.
As the years of
1882.
1881.
her widowhood advance, she shrinks more and more from
Month.
Operating
Gross
Net
Gross
Net
expenses
public gaze, courting retirement which seems to ac¬
Expenses.
earnings.
earnings.
earnings..
earninge.
and taxes.
cord so much better with the current of her feelings.
$
$
$
$
There i$ no evidence, however, that she is losing any of
Jan.... 1,240,667 35 1,081,108 00
159,559 35
1,029336
Feb....
962 29
063,204 63 062,222 34
that deep interest which she has always taken
the con¬
March
1,178,795 55 910,072 86 268,723 10
dition and welfare of the empire and of her people, or
April.. 1,474,611 70 846,680 88 627,930 82
May.... 1,379,006 30 591,343 44 1,287,662 80
that increasing years are in any way injuriously affecting
Total. 6,736,285 53 4,391,427 02 2,844,8$} 51
that wisdom which she has always manifested, that com¬
Here we see that in February last year the company mon sense which has always guided her in her public
earned less than $1,000 net.
In other words, a corpora¬ acts, and especially in the affairs of government.
tion
It is well known that the Queen's speech reflects the
operating then close on to 2,800 miles of road could
only make ju3t about enough to cover ordinary expenses. sentiments of the party in power. The policy indicated
Referring to the figures for 1880 we find that the gross may not only not accord with her own desires and wishes,
earnings for the first five months in that year amounted to but may be utterly opposed to them. By a sort of fiction'
more
.
•
•
.
.
THE CHRONICLE.
160
'which has
come
to be
well understood, the
address
the Prime Minister for the
time
The Queen* simply reads
what is prepared for her, and put into her hands.
In
England no Prime Minister, in the hour of difficulty
or
defeat, seeks refuge behind the throne; nor does any
royal or imperial rescript remind the people that the
throne is the fountain of all authority, and that what are
called popular rights are but favors granted by the crown.
It would be an error, however, to imagine that royalty
in England is merely a shadow, and that the power of the
throne is only nominal. There has been no radical change
in the British Constitution sinew the days of George the
Third who ruled the country and controlled the empire
without any regard to the will of majorities or even since
the days of William of Orange who was his own Foreign
-Secretary of State, and who undertook great enterprises,
formed great alliances and waged great wars without even
consulting Parliament or the men in office around him. The
Queen has the power of choosing and dismissing her min¬
isters, of approving or disapproving of the policy of the
•Cabinet; and, notwithstanding the custom which she has
so long encouraged of recognizing and submitting to the
will of the nation as expressed in Parliament and through
Its mouth-piece the Cabinet, she could easily, if she chose
to be troublesome, assert her authority and give a world
is in
reality the address of
being and his Cabinet.
able to
thoughts have been pressed upon our attention
by the contrast which is presented by the royal address
of Tuesday last to the addresses with which we had
become familiar during the administration of Lord
Beaconsfield. The style, the tone of sentiment, the policy
indicated and advocated in the one and the other are wide
as the poles asunder.
It is well known that Her Majesty
These
personal liking for Lord Beaconsfield. His
courtly manners pleased her. His fall from power vexed
her.
It was in reality the loss of a personal friend.
But
her personal feeling was never allowed to show itself in
public affairs, or in any way to interfere with the expressed
will of the nation.
Mr. Gladstone’s first Queen’s speech in
the present administration was in direct opposition to
Lord Beaconfield’s Queen’s speech; but they were both
Queen’s speeches after all. They pretended to emanate
from the same royal source.
In this, we think, Queen
Victoria has shown her great good sense.
She has not
only prevented trouble in her own day, but set a good
example which her successors are likely to imitate.
The contents of the speech are very much what might
have been expected in the circumstances.
They are
interesting to us, howTever, only in a general way. It is
gratifying to know that the empire in its largest sense
is in the enjoyment of peace with but one exception
of any consequence, and that is Ireland.
Even there, the
condition shows signs of improvement as compared with
last year, thus encouraging the hope that the maintenance
of the present policy will be attended with the desired
result. This statement of the speech is not belied by
facts, although it is very evident that Ireland is far from
pacified. That, however, was hardly to be expected so
'soon after the passing of the Land Act.
The new law
is working well; and time will come to the aid of the
a
strong
government.
In
view of
good government of the country and the
the
prudent development of its institutions. The occupation
of Egypt by English troops, or by French and English
troops, might encourage action in the Balkan peninsula,
and thus lead to dangerous complications.
The general
peace prospect is greatly encouraged by this portion of the
royal message. How far Germany may have been influ.
enced by the conservative attitude which France and
England have assumed towards Egypt we know not, but
it deserves to be noted that Prince Bismarck has since the
of annoyance.
had
[Vac.. XXXIV,
opening of the British Parliament informed the Russian
Minister that Germany regards her interests as identical
with those of Austria.
It is safe, we think, in conse¬
is for the present
quence to say that a Pan-Sclavic war
averted.
Austria will now, unhindered,
re-establish her
bo allowed to
authority in the rebellious provinces.
JANUARY.
RAILROAD EARNINGS IN
in railroad earning*
with a most gratifying improvement over the correspond¬
ing month of the previous year. There are fifty-two roads
in our table, and these on earnings of $14,508,048 in Jan¬
million dollars, or
uary, 1881, show an increase of over
about 25 per cent.
Mileage (observe the large aggregate
of more than 41 \ thousand miles which these roads
embrace) during the same time rose 4,914 miles, but the
January leads off the new year
ratio of increase is much
less than
this year
smaller than in earnings, being
GROSS EARNINGS AND
MILEAG1 IF JANUARY
Gross
Name
details for each road
13£ per cent. Below are the
and last.
of road.
1882.
Mileage.
Earnings.
1881.
Increase or
Dcci'case.
1882.
1881.
*
$
252,823
23,168
65,074
1,876,000
Burl. Ced. Rap. & No.
Cairo A St. Louis'
Cent. Branch U. Pae.
Central Pacific
...
579.447
Chicago A Alton
149,588
Chic. A Eastern Ill—
Chic. A Gr. Trunkt...
Chic. Milvv. A 8t. Paul.
Chicago A Northwest.
Chic. St. Louis & N. O.
Chic. St. P.Minn. AO.
115,549
1,435,000
1,620.336
272,600
307.498
Cincinnati Southern'.
Cm. lud. St. L. A Ch..
Cleve. Ak. A Col
Col. Hock. Val. & Tol.
Denv. A Rio Grande..
I)es Moines A Ft. OS.
East Tenn.Va. A Ga*.
.....
Flint A Pere Marq....
Great West’n of Can.t.
Illinois Central (III.)..
Do
Irfowa lines)..
Iud. Bloom. A West.
Intern’! & Gt. North..
Iowa Central
Lake Erie & Western.
Long Island
Louisville A Nasliv...
Memphis A Char’tou.
Memphis Pad. A No.*
Milw. L. Sh. A West..
Minneap. A St. Louis.
Mo. Kan. A Texas
Missouri P;icillc
Mobile A Ohio
N. Y. A New Engl’nd*
Norfolk A Western...
Northern Pacific
Ohio Central
Pad. A Elizabetht’ii*
Peo’ia Dec.AEvansv..
St. L. A.AT.H. in-line.
Do do (branches).
St. L. Iron Mt. A So...
St. L mis A San Fran..
St. Paul Minn. A Man.
.
60,657
1,602.907
499,120
125,456
102,373
990,847
+ 13,1 76
+ 444,153
+ 379,669
1,240.667
340,220
257,785
123,766
87,750
182,52-t
—67,(520
+ 49,713
+ 36,016
32,022
32,519
214.167
491.914
198,312
307.174
24.62 i
18,328
167,642
166,037
177.580
+ 17,519
-197
+ 15,855
+ 18 1,440
+ 6,296
-9.938
13+379
+30,658
356,166
359,478
580,730
147,443
195,824
211,932
87,307
129,066
119,688
950,065
101,115
11,690
511,453
119,828
3.312
+ 69,277
+ 27,615
+ 10,174
+ 30,488
65,293
109,671
2,862
2,586
840
230
335
840
220
335
4,104
3,100
3,775
2,764
571
336
300
144
322
571
946
336
300
144
322
1,062
551
87
900
318
807
919
402
544
776
210
385
1,003
105,179
+ 23,837
104.513
+ 15.175
328
816,960
111,842
12,950
+133,105
-10,727
-1,260
+ 26,216
+ 59.268
+ 69,655
+ 163,994
-62,913
+ 19.208
-11,070
+ 123,292
+ 48,546
+ 1,293
+ 27,148
2,020
1,840
330
113
275
360
330
113
250
225
880
700
506
316
428
722
231
186
190
195
121
636
597
718
-
185,650
181,444
66.169
39.077
150,403
330,510
361,433
224.346
158,362
153,847
239,800
90,854
139,154
164,917
116,508
42,308
28,562
40,607
104,577
71,148
64,680
516.370
256,784
564
146
300
87
900
318
807
919
402
544
623
191
385
328
400,165
552,675
29.855
67.755
104.307
620
146
363
38+681
570.958
,
+21,138
—270
-6,468
-54,588
+ 41.349
.
1,188
795
506
391
428
972
231
186
248
195
121
718
.
254,187
...
20.761
+ 141,274
+ 13,445
103,988
+ 5,266
281,176
+ 29,609
1,114
Delphos A Burl..
109,254
310.785
76,07S
661
912
127
243
46.249
+ 29,829
+ 621,289
+ 4-i8,348
395
800
235
3,663
3,350
3,300
2,479
Scioto
Valley
Union Pacific
Wab. St. Louis A Pac
the
+ 85.073
+ 201
+ 4.417
+ 273.093
+ 80,327
+ 24,132
22.967
200,042
-
395,461
34,206
South Carolina
Texas A Pacific
Tol.
-
$
$
167.750
1,961,088
1,229.965
212,435
1,339,799
811,617
100
243
18,097,011 14.508,048 +3.588.969141.559 36,645
peculiar situation of Egypt and the
Total.
Three
weeks
only
of
January iu eacli ye;u\
complications in the east of Europe, it is grati
t For the four weeks ended January 28.
also to know that there is a good understanding
Including Indianapolis Decatur A Springfield.
The comparison made this month with last year is of
between England and France ; and that both Powers are
pledged to the maintenance of the rights already estab¬ course more favorable than it otherwise would be, by
lished in Egypt, whether by firmans of the Sultan or by reason of the interruptions to traffic in the early months of
,tho various international engagements, in a spirit favor¬ 188J, caused by the unusually severe^winter weather pre-
Bclavic
*
♦
THE
11, 1883. J
Pmkuart
CHRONICLE.
▼ailing; but it should not be forgotten that January
suffered less in this respect than February, when the full
effects of the adverse conditions in operation were felt.
Then it is to be said, too, that in spite of the retarding
influences at work, gross earnings in January last year
were still large, a gain of over 10 per cent being recorded,
earnings of 1880 27 per cent above those of
January, 1879.
It is only by bearing in mind the heavy
gains made in previous years—ever since 1879—that we
realize the full meaning of the present figures.
Beginning
with January, 1879, as a basis, and assuming the earnings
then equal to 100, we get for January, 1880, 127; for Jan¬
uary, 18S1 (10 per cent increase on the 127 of the pre¬
vious year), 140; and for'January, 1882 (25 per cent increase
on
the 140 of 1881), 175. Thus the present
earnings are 75 per cent greater than those of 1879.
There is no denying that these figures offer unmistak¬
able evidences of continued progress, and as the weather
of last year does not influence the final result one way or
another, they are especially timely now when a comparison
with last year is incorrectly supposed by many to be de¬
and this on
and Peoria does not lag far behind.
The Wabash
points, and no doubt this ex¬
pansion in the volume of grain traffic. contributed quite a
little to the gain which that road is enabled to show. The
gain, however, is very large ($418,348, or more than 50
per cent), and could not all have come from this source.
This theory is confirmed by a reference to the company’s
detailed statement, giving separately the receipts from tho
several classes of traffic, and showing that of the $418,000
increase, no less than $102,877 was derived from pas¬
senger traffic, the total of the same having risen from
$162,468 in January, 1881, to $265,345 in January, 1S82.
Through the acquisition of connecting roads the company
operates a largely-increased mileage this year; neverthe¬
less, only a small portion of this $102,S77 increase is at¬
tributable to receipts on account of additional mileage.
Were the earnings reported on the same mileage in both
years, passenger traffic would compare as follows : Jan- "
uary, 1881, $195,995; January, 1882, $265,345, or a gain
crease,
touches all three of these
not
far from 70 thousand dollars.
It will be noticed also that the
prived of all value by reason of this very element of the
tain the
weather.
noted
striking improvement in the table above is
that shown by the roads in the Northwest.
The St. Paul
the
and
Chicago k Northwestern especially are conspicu¬
ous for their heavy gains.
The gains on the Burlington
Cedar Rapids & Northern and the St. Paul Minneapolis &
Manitoba are smaller in amount, of course, but the ratio
is larger—in fact, the increase amounts to more than 50
heaviest
The most
per cent in both cases.
The Chicago St. Paul Minneapolis
& Omaha has an increase of about 19 per cent, on mileage
increased
only about 6 per cent. The roads leading South
and Southwest from Chicago also show a decided growth
in receipts, as witness the returns of the Chicago & Alton,
the Chicago k Eastern Illinois and the Illinois Central.
As the enlarged grain movement this year must have
influenced favorably the earnings of all the grain-carrying
roads of the West and Northwest, it will be interesting to
see just how the movement compares with that of 1881.
With this end in view we have compiled the following
table, showing the receipts of flour and grain at the prin¬
cipal Western ports for the four weeks ended January
28, this year and last.
RECEIPTS OF FLOUR
AND
OUWN
FOU
FOUR WEEK"
Flour,
Wheat,
Corn,
Outs,
bbls.
bush.
bush.
bush.
ENDED JAN.
llurl i'fi.
bush.
23.
11 ife.
bush.
'
■
■
Chicago—
1862
1881
....
....
200.017
227,000
704.161
4.187,118 2,139,560
805,745
2,389,245 1,287,436
504.1 ±8
4 40,209
79.823
48.007
Milwkee—
1882
207,177
1881
242,634
St. Louis—
1882
07,404
1881
04,908
Toledo —
1882
2,387
1881
3,125
Detroit—
1882
26,283
1881
26,610
....
....
....
....
....
....
Clevel’d—
1882
1881
....
....
Peoria—
1882
1881
Dulufcli—
1882
1881
..
..
....
850.600
230,735
83,505
338,043
359,600
•
353.50<
i
307,525
07.772
139,430
383,275
47,015
2,102,165
1,007,595
308,427
220.500
13dj6o
/
250,510
10.000
7,480
406,686
428,308
472.911
40,500
1,000
474,299
74,777
192,073
66,295
32,872
52,515
33,353
37,390
34,771
25,950
11,000
1,008,820
....
....
445,842
10,576
7,342
30,425
98.570
78,000
58,700
186,900
93,000
3,911
26.425
1,840,650
620,600
54,400
25,890
25,050
1,235,350
416,450
73,580
133
227
66,250
65,675
large ratio of gain for which they have been
along. Thus the Union Pacific records ths
increase of any road in our list in the sum of
Central Pacific’s increase is smaller, namely
$273,093, but the increase is a progressive one, and the
present figure of $1,876,000 compares with $1,089,166 in
January, 1879, so that in the short space of three year*
the total of earnings has expanded almost $800,000, or 80
$621,289.
earnings are more than
mileage one-third greater,
far north the road reaps unusual
per cent.
Northern Pacific
double those of last year, on
though being situated
so
benefits from the mild character of the winter this year.
Atchison Topeka k Santa Fe does not make regular
monthly statements of earnings, but the Boston Tran¬
script, which has the facilities for knowing, says that ths
January figures exhibit a gain of 35 per cent in earning*
and 16 per cent in mileage.
As in previous months, we have to report that our tabk
does not contain any of the great east-and-west trunk lines,
so that we have not the means of judging of the course of
their business.
But the adjustment of the differences
existing between them appears to have had a favorable
effect upon the roads more remotely concerned.
TheGreat Western of Canada has a small decrease, $3,312.
All the other roads likely to be affected, directly or indi¬
rectly, by the settlement of the war and. the raising of
rates, such as the Cincinnati Indianapolis St. Louis &
Chicago, Indiana Bloomington k Western (which now
includes the Indianapolis Decatur & Springfield), Lak#
Erie k Western, and Chicago k Grand Trunk, show
better results than in January last year.
Denver k Rio Grande swelled its receipts about 60 per
cent; but mileage was augmented almost 100 percent.
In
this connection a brief reference to the question as to what
proportion of the increase in earnings on Western roads
should be ascribed to the carrying of materials for the
building of new mileage, may not be out of place. It is not
uncommon
to
hear it said that in the
Total of all
case
of
some
roads
receipts reported have been derived from
struction material for their
....
Pacific roads still main¬
all
half the
109,080
....
161
far from the
own
lines.
Such
a
con¬
statement is
truth, that it carries its own contradiction
with it; but at the same time the item is of much smaller
moment than is generally supposed.
We have space to
It will be observed that while there is a small falling
refer to only two cases at present.
To meet this very point*
off in case of flour and wheat, all the other kinds of grain which had been raised against it, the Denver k Rio
exhibit an increase.
Chicago shows a decidedly larger Grande now gives in its weekly and monthly reports figures
total, and the effect of this on the roads to that point is showing the earnings derived from construction materials
obvious; St. Louis is next in importance in point of in- and embraced in receipts. According to these figures^
1882
1881
....
....
so
008,385
628,184
2,860,313
2,973,944
9,058,714 3,643,922! 1,211,23 3 223,978
5,409,826 2,180,083)1,193,405 169,070
THE CHRONICLE.
162
$491,914 earnings for January included only $3,313
from this source.
The other case we would refer to is
that of the Chicago & Northwestern.
From that com¬
pany’s last annual report we see that out of gross earnings
of $19,334,072 for the fiscal year ended May 31 last, but
$205,469 was credited on account of revenue from mater¬
ials for its new lines, and this allowed for no more than
half a cent a ton a mile, or less than the cost of doing the
[VOL. XXXIV.
November.
the
Name.
Gross
$8,519
33.074
Qutncy,..188t
do
1880
1,816,133
1,837,800
1881
1880
91.574
do
90,896
912,980
858,206
+81,433
+57,686
7,124
913,153
979,651
10,141
39,210
Pad. & Elizabetht’n ....18S1
Do
do
1880
51,424
38.137
39,744
25.273
Chic. Burl. &
Do
Iowa Central
Do
this month, make such
1881
1880
as in previous months, and some of the
Southern roads have smaller earnings than in January last
flattering exhibits
take the Gould South¬
western system as a type.
The St. Louis Iron Mountain
& Southern shows a falling off (the St. Louis & San Fran¬
cisco, though,, Mr. Gould’s latest acquisition, makes an
increase); all the other roads in that system show a gain,
but with the exception of the Missouri Pacific, the main
Of the former
year.
we may
which the other lines pour
over
their traffic, the gain
earnings is in every case less than the gain in mileage.
This is in great part no doubt to be attributed to the
in
smaller cotton movement.
Southern roads, they all suffered more or
less from the diminution in cotton freight, and some lost
the
to
by reason of interruptions to traffic from floods.
particularly true of the Chicago St. Louis & New
Orleans and the Mobile & Ohio, and some minor roads in
business
This is
the
same
sections.
The decrease in the
case
of the East
Virginia & Georgia and [the Memphis & Char¬
Louisville & Nashville still
of increase. The relative pro¬
portions of the cotton movement at each of the Southern
outports in January, this and last year, are shown in the
following table.
Tennessee
leston is small, and the
maintains a fair percentage
RECEIPTS OF COTTON AT SOUTHERN PORTS IN JAN.,
Galveston
Indianola, <fcc
bales.
Florida
Savannah
1881.
Difference.
33,855
84,696
1,921
162,442
43,211
1,541
74,766
Dec....45,841
360
145
33,103
4,008
13,404
43,299
Brunswick, &c
Charleston
Port Royal, &c
Wilmington
Morehead
Norfolk
904
6,679
2,516
6,946
City, &c
58,888
24,392
66,160
400,878
506.610
City Point, &c
Total
1882 AND 1881.
1882.
1,643
125,198
22,360
3,595
68,126
New Orleans
Mobile
Gross
18,330
Dec
278
Dec.... 37,244
Dec
20,851
Inc..
2,054
Dec.... 6,640
Inc..
215
..
..
Dec....10,196
Inc
3,104
Inc..
6,725
Our statement of net
ber and
Oregon R’y & Nav. Co. .1882
do
Inc
Dec....
Inc..
Net
$202,000
$190,500
134,581
134.483
+93
+ Including amounts spent
..
Den.
105.732
ended December 31.
The
reporting expenses is, as usual, small,
leading influences operating upon gross and net
receipts during the year having been fully set out in our
article of last month, and the present figures not meriting
any particular additional remark, we give the statement
and the
below without further comment.
name.
Gross
J anuary 1 to Date.
'
Net
Operating
Gross
Earnings Expenses. j Earnings Earnings
$
Burl. Cedar Rap. & N0..I88I
1880
Do
do
232,8! 2
193,419
Clev. Mt. Vern. & Del..1881
Do
do
1880
38,010
Des Moines & Ft. D'ge.l88i
Do
do
1880
Louisvillo & Nashv
1881
I860
Mem. Pad * Northern 1881
Do
do
1880
Nash. Chat. & St. Louis 1881
do
Do
1880
Do
do
Northern Central
Do
do
1881
1880
Penn, (all lines east of
Pitts.* Erie)
1881
Do
do
1880
Phlla. * Erie
do
1881
1880
%
164,092
$
2,259,037
54,210
2,053,484
408
424,312
429,597
401.532
324,725
Net
Earnin gs
$
632,1 as
709,758
35,540
35,286
36,095
1,145,000
949,185
139,209
37,542
34,426
34,998
27,549
072,271
583,035
360,150
9,491,347
24,769
20.497
4,272
245,885
61,077
23,010
8,015
218,813
48,544
175,996
14,395
94,085
115,004
476,622
321,033
494,310
270,404
3.731.751
2,525,559
3,547,828
282,772
2.421.575
173,127
281.919
200,940
168,510
288
9,140
472,729 11,335,582
78,462
60,992
154,989
223,906
45.504
79,208
*172,543
143,9J1
4,242,976
3.894,701
2,075,256
2,049,423
5,443,097
5,050,386
1,650,252
1,795,119
1.203,192 44,124,178 17,414,372
1,126,253 41,260,068 16,635,025
81,832
3,454,309 1,024,249
113,409
3,727,733 1,369,379
Cost of 33 miles of steel not taken into account.
$
68,720
1,120
Net
$392,500
'
134.58L
$190,500
t98
X Columbia River frozen up.
CO.'S ANNUAL REVIEW OF THE
COTTON TRADE FOR THE YEAR 1881.
ELLISON dc
[CONDUCTED BY THOMAS ELLISON.J
Eighteen hundred and eighty-one witnessed a continuance of
the satisfactory condition of trade experienced in its imme¬
diate predecessor and in the latter half of 1&79. An increased
demand from the whole of the foreign markets,combined with an
improved home trade, has enabled spinners and manufacturers
to dispose of a greatly augmented production of yarns and
goods at fairly remunerative prices. This is evident from the
fact that the spindles and-looms have all been working full
time throughout the year (except a temporary stoppage in the
Oldham district for a week or so in September), and that very
profitable dividends have been declared by the various limited
companies. The year opened with crop estimates ranging
about six millions, and with middling upland at 6%d.; but it
shortly became apparent that the supply of American would
far exceed the figure named, and as the year advanced prices
rapidly declined, until 5%d. was touched in May. So sharp a
decline was not justified by the circumstances of cotton on its
merits—it was the result of financial weakness and general
demoralization. So soon as this became apparent a reaction
commenced, and did not stop until 7d. was touched. Then
after sundry fluctuations came a fresh spurt to 7 7-16d. in Sep¬
tember. This price, like the 5%d. touched in May, was arti¬
ficial, and in October, after a temporary dip to 6%d., owing to
pressure to sell, the price settled down to 6%d. Since then
there has been little change, and the new year opens with mid¬
dling upland at 6 ll-16d., with fairly good prospects, provided
the interest of spinners and manufacturers are not injured by
the speculative mania which is just now running its course in
the United States, much to the perplexity of bona fide traders
Subjoined is a statement of the average prices per pound of
the leading qualities of cotton, yarn and price goods in 1879,
1880 and 1881:
Av.
Prices.
Ad-
1879.
Fair Dhollera
Yarn—
30s, Water Twist, best 2ds
40s, Mule Twist, best 2ds
328 Cop Twist, average
Cloth—
Printers’ 4^4 lbs
Printers’ 5*2 lbs
per
*
Advance ^ and
d.
d.
*2
6*16
6&i6
*2
12
5
514
*4
438
78
IO^
llh
9
10
1
2
1
11*2
1
lb. 10^2
lb. 10h
per lb. 103i6
per lb.
average per lb.
d.
9%
9=h
per
Shirtings, 7 lbs
Shillings, 8*4 lbs
Shirtings, 8*4 lbs
'■AvDeeraqe, cline.
1881.
d.
63iq
Upland
Middling Upland
1880.
vance
UHie
6«ih
d.
Cotton—
11^16
119l6
9
lOSg
91*36 1078
10
10*8
9b16
\
1*8
716
11V
»ie 11V
*8
1*8
1%
1015i6
10b16
B16
Hl6
10*2
*8
he*
[Want of space compels us
the “Course of Prices.”]
GROSS AND NET EARNINGS TO LATEST DATES.
December.
Gross
Earnings Earnings
for renewals, ballast, &c.
4,430
7,272
6,062
number of roads
•
January 1 to Date.
$392,500
1881
124,361
94,249
..
earnings is this time for Decem¬
the twelve months
494,392
367,128
12.804
Operating
Low Middling
Do
11,680
January.
NAME.
Do
Net
$382,788
$59,125
375,700
77,027
18.270,965 9,567,804
18,902,470 10,220,983
$28,059
40,198
do
Do
Gross
Earnings Earnings
Earnings Expenses. Earnings
Southwestern roads do not,
As
Net
Operating
Earnings Expenses. Earnings.
$36,578
Cairo A St. Louis
work.
stem
January 1 to Date.
to omit remarks with regard to
Imports, Deliveries, &c., for Great Britain.
Import.—The import into Great Britain in 1881 compared
with 1880 showed an increase of 107,800 American, 106,150 Bra¬
zilian and 31,420 Egyptian, and a decrease of
dian and 16,170 sundries, or a net total increase
31,960 East In¬
of 197,240.
trade has undergone a further slight
expansion, the net increase being 6,390 bales in 1881 over
1880. There is a considerable decrease in East Indian and
West Indian, but a more than counterbalancing increase in
American and other growths.
It is important to note, however, that a large quantity of
cotton was imported from the Continent, chiefly in September,
attracted from all quarters by the high prices then current.
The total arrivals from Havre, Bremen, &c., for the year were
61,400 bales, including 59,450 American, against only 1,030 and
530 bales respectively in 1880.
Stocks in the Ports.—The total stock in the ports at the end
Export.—The export
February
of 1881 was
11,1882 J
525,920 bales,
including 484,020 bales in Liverpool,
respectively, or
against 510,840 bales and 477,960 bales,
an increase of 6,060 bales for Liverpool and
United Kingdom.
15,080 for the
Stoce3 Held by Spinners.—The stocks held at the mills we
estimate as follows, compared with 1880, 1879 and 1878:
American.
Brazil.
176,000
2,000
3,000
2,000
10,000
1881....
1880....
1879....
1878....
30,000
1
80,000
73,000
■
Egyptian. W.India.
2,000
2,000
2,000
35,000
18,000
Per Lb. of Imports, &c.
statement of the value of raw
consumed, &c., for the past ten
per lb. for each year we estimate as fol¬
On page 5 we give a tabular
cotton imported, exported,
210,000
170,000
125,000
5,000
5,000
6,000
7,000
2.000
25,000
30,000
Average Value
years.
lows :—
The average
1874. 1873. 1872.
1S81. 1880. 1879. 1878. 1877. 1876. 1875.
Total.
E. India.
163
CHRONICLE.
THE
lb.
Consumption.—1The deliveries to home consumers were
3,284,370 bales, or 161.110 bales more than in 1880. The actual
consumption was 3,244,370 bales, or 166,110 more than in 1880,
there being an addition of 40,000 bales in ths stocks at the
65s
65i«
6 >4
64*
b13te 5%
Import.... 6316
Export.... 5»16
Cons’mp’ n 6*4
tb.
7i*
850
578
7*8
6
7
7*8
7%
83a
01316
&c., for the Continent.
Imports.—The’import into Continental ports
countries of
lb.
lb.
The
lb.
5H]0 5}3i6
6*8
6°i« 6-b
Imports, Deliveries,
110,000
Home
lb.
lb.
616
514
lb.
lb.
lb.
6Lj
direct from the
growth (exclusive of 61,400 bales re-exported to
compared with the arrivals in 1880, show's an in¬
Great Britain),
Egyptian, 14,730 Smyrna,
&c., 29,090 Brazilian, 4,180 West India, &c., and 45,950 East In¬
mills.
dian, making a total increase of 299,140 bales. There was an
Average Weights —The average weight of last season’s
increase of 5,390 bales in the import from Great Britain, which
American crop was 456 lbs. per bale. This season it is fully raised the increase in
import to 304,530 bales.
10 lbs. per bale less.
The average for the year is 453 lbs.,
Stocks.—The stocks in the ports at the close of the year,
against 454 lbs. last year. The average weight of Bombay cot¬ compared with those of twelve months previously, showed an
ton is about 392 lbs., or the same as in 1880; but there is a con¬
increase of 4,250 American, 230 Brazilian and 50,830 East In¬
siderable increase in other sorts of East Indian; Rangoon and
dian, and a decrease of 1,830 Egyptian, 500 Smyrna and 330
Western Madras being about 370 lb3., Tinnivelly 330 lb3. and
West Indian, or a net increase of 52,650 bales.
Bengal 400 lbs., against an all-rouRd estimate of 310 lbs. in
Deliveries.—The deliveries to consumers amounted to 2,930,1880. For all India the average is 384 lbs. for imports, against
100 bales, against 2,635,610 bales in 1880, showing an increase
363 lbs. in 1880; 379 lbs. for exports, against 352 lbs.; and 387 lbs.
of 294,490 bales. The average weekly deliveries were 56,348
for consumption, against 3S0 lbs.
In Egyptian there is an bales in 1881, against 50,684 in 1880, an increase of 5,664 bales
increase from 629 lbs. to 651 lbs. The import figures for all
per wTeek.
The weight of cotton delivered was 1,255,971,960
growths compare as follows:
lbs. in 1881, against 1,119,560,110 lbs. in 1880, the average weight
Total.
of the bales delivered being 428*6 lbs. in 1881 and 424 7 in 1880.
Brazil.
Egyptian. W. Ind.,<£c. E. Indian.
Pounds.
Tears
434
Imports, Deliveries and Stocks for Europe, 1881 and 1880.
384
170
651
180
453
1881.
436
363
152
629
190
The following is a comparative statement of the total im¬
454
1880.
ports, &c., for the whole of Europe in each of the past two
Weight of Imports, Deliveries, &c—The following is an
years:—
account of the weight of each description of cotton imported,
Stock 31s* Dec.
exported and consumed in 1881, and the quantities left in the
Deliveries.
Import.
ports at the end of the year:
crease
of 161,390 American, 43,800
*
.
Consumption.
Dec. 31.
Lbs.
Lbs.
Lbs.
Lbs.
41,176,800
176,759,520
Egyptian
9,751,200
206,426,880
Persian, W.I., &c
East Indian
94,545,630 1,136,843,850 157,824,000
3.056,400
36,548,100
3,349,800
7,772,940 167,156,210 39,190,200
2,009,400
6,046,760
2,849.200
92,799,240 32,066,400
106,711,240
1,676,122,620 215,228,810 1,439,393,160 234,146,400
Total
-
Export.
1,242,008,220
American
Brazil
Recapitulation.—The entire movement
shown in the following statement:
Number of
Bales.
Stock in the ports Jan.
Stock held by spinners
1
Jan. 1
Import duriug the year
Export during the year
Stocks in the ports Dec. 31
Stocks lield by spinners Dec. 31
Total
consumption.
Consumption of Great
for the year is
Average
Weight
per Bale.
6,282,200 5,785,820 6,214,470
Total
Movements During the
The deliveries to
Total
Weight
of Bales.
Number of bales
439-7
1,986,803,370
Ave’ge weight, lbs...
279,100,080
Total weight (lbs.).. 415,002,400 387,047,730 299,367,200
697,000
748,000
967,000
1,037,000
Bales of 400 lbs.4...
537,580
525,920
210,000
400-3
443 1
215,228,810
466-8
234,146,400
98,035,000
1,273.500
429-5
547,410,210
3,244,370
443-6
1,439,393,160
3,078,260
consumption
1,274,376,750
1,230.388,800
1.266.129.250
1,246,149,910
1.175.345.250
the uniform weight of
3,431,590
2,933,310
2,941,120
3,094,430
T$79
1878
1877
The
69,200
65,990
56,410
56,560
59,510
of 400 lbs.
1876
1875
1874
1873
1872
3,185,940
3,075,970
3,165,323
3,115,374
2,938,363
figures for 1881 show an increase of 3,210
per
w'k.
61,260
59,160
60,870
59,910
56,510
bales per week,
probably
4*8 per cent. The present rate of consumption is
about 70,000 bales per week—possibly 71,000 bales—against
or
67,000 to 68,000 bales twelve
months
ago.
441
at 70,000 bales
58,000 for the
against 67,000 to 68,000 for Great Britain and 54,000
present rate of consumption we estimate
week for Great Britain, and at
Continent;
twelve months ago.
foregoing estimates, the movements for
the thirteen weeks of this season and the last compare as fol¬
lows, in bales of the uniform weight of 400 lbs.:
to
55,000 for the Continent
1881.
Continent.
1830.
1881.
Deliveries to Dec. 31
1,037,000
27,000
967,000
240,000
748,000
Supply
Consumption, 13 weeks
1,062,000
994,000
25.000
Surplus stock, Oct. 1
Surplus stock, Dec.
1880.
112,000
697,000
809.000
910,000
877,000
938,000
754,000
708,000
152,000
117,600
1 234,000
101,OQP
Demand.
American crop has always been a
theme of
31
Prospects of Supply and
Total in Bales Average
week.
632,880
440
of 400 lbs. per
The size of the
Average
680,330
453
Great Britain.
correct comparison of the amount of cotton
consumed, we have reduced the bales to
400 lbs. each, as follows :
854,410
443
Lbs.
1880..
1879..
.
The
936,800
...
1880.
1881.
1880.
1881.
On the basis of the
Britain for Ten Years.
3,084,960
3,115,120
3,228,130
3,203,710
3,265,620
3,598,480
Continent.
Great Britain.
1,676,122,620
1876..
1875..
1874..
1873
1872..
1880
during the
follows, with the
figures for the corresponding period of .last season :
the season compare as
434*2
1,439,393,160
1,372,636,630
1,173,325,990
1881
English and Continental spinners
170,000
3,214,370
per
Season, Oct. 1 to Dec. 31.
3,837,030
1881..
of 400 lbs.
671.430
80,639,000
Bales.
Total in Bales
5,758,870!739,160
230,041,750
Years.
I In order to give a
’
474-3
Lbs.
1877..
East Indian.
166,900 19,490
291,870
393,380 61,439 58,330
442,960
970
1,470
27,360
41,950
26,720
102,350 15,880 12,220
72,900
88,550
117,880
1,165,310 1,151,320 1,099,080 1,146,050 184,110
165,590
370,840
300,830
446,060
41,450
76,560
510,840
Bales.
1,176,451,070
1,237,373,500
Egyptian....
Smyrna, <fcc..
Peru, W. I., &c
471,000
4,251,990 3,982,800 4,265,710 3,922,830 457,280 10,530
Lbs.
Years.
1878..
....
first three months of
The following is a comparative statement of the
of cotton in Great Britain for the past ten years:
2,707,360
2,682,310
3,020,540
American....
Brazilian
1880.
1881.
1880.
1881.
1880.
1881.
Lbs.
4503
Supply
Home
Stock,
Import.
animated controversy during the winter months;
but the discussion has rarely, if ever, attained the vigor wit¬
nessed this season and last, nor has the divergence of opinion
ever been so wide.
The reason is that the movements of the
crops have undergone considerable changes, owing (along With
minor causes) to the manipulations in connection with extraord¬
more
or
less
“futures” at New York
widespread spirit of
gambling speculation of which this development is a result. A
inary development
and New Orleans,
of the business in
and to the wild and
THE
164
1876-8
CHRONICLE.
LVoi,.. xxxiv.
Large part of the crop is moved hither or thither, slowly or vindicate a total of 6,005,000 bales, and yet we have to-day esti¬
rapidly, according to the requirements of the various “ rings” mates as low as 5,000,000 bales. One authority, who at one
and “ syndicates” which, with more or less success, control the time looked forward to a possible yield of 7,250,000 to 7,750,000
market, and whose mysterious operations completely mislead bales, now says that “ under the most favorable circumstances
the nervous spinners of Europe and America as to the quantity we believe the crop cannot exceed 5,400,000, and it may possi¬
of the raw material likely to be available for consumption
bly be only 5,250,000 bales.” .Let us see what this means—
During the four comparatively quiet seasons before last we
were able to make fairly approximate estimates of the crop :
4.350,000
Actual Crop.
Difference
135,000
111,000
4,700,000
4,485,000
4,811,000
1878-70
5,061,000
5.073,000
13.000
1879-':0
5,560,000
5,757,000
107,000
The odd figure in 1878-79 was arrived at by adding 250,000 to
the previous crop. In 1879-80 we looked for 500,000 more than
in 1878-79 ; but as the acreage was under-estimated (subse¬
quently proved by the Census returns) the yield gave 197,000
than
figure. Last year we did not attempt to
yield, owing to the exceptionally conflicting views
then current; we merely took the round figure of 6,000,000 as
a basis for calculation, remarking that it would “do no harm
to adopt this figure in estimating the outlook of supply,” and
requesting our readers to add to, or take from, that estimate,
according to their own feeling in the matter. The previous
season had been a very favorable one—yielding 5,757,000 bales.
The increase in acreage in 1880 was estimated at from 7 to 9
On this basis the highest possible yield in 1880-81
per cent.
more
18 -S2. 1S0-1. 1S79-0. 187-9. 187-8. 187G-7
-
Estimate
in January.
€
Total crop.:
In sight December
4.01S 4,10-
31
5,757 5,073 1.811 .! A on
3;833 3,131 *2,800 3,001
To receive in emlit months
1.232 2,481 1,924 1,912 2,011 1.4Ri
200
Less overland to mills for 8 months
194
252
312
196 '180
South’rn consumption for 8 months
115
!3T
119
101
99
99
345
Deliveries from plantations, and
from all (except 18) interior towns
—Dec. 31 to Aug. 31
Aeres planted (millions)
331
371
413
295
279
CS7 2,150 1,553 1,529 1,716 1,205
1GT
14-4
13-2
122
11-6
16-81
our
That is to say,
in addition to what we can already count up, we
get only 887,000 bales as a balance from an area of 16,800,000 acres, against 2,150,000 bales last year fro u an area of
16,100,000 acres, and 1,205,000 bales from an area of 11,600,000
in 1S76-7. in which season the crop was marketed with unprec¬
edented rapidity ! Comment on this is unnecessary.
In the above statement we have not carried the comparison
beyond 1876-7, because there are no published records available
giving the necessary figures for the overland deliveries to mills,
But in the subjoined
would have been about 6,300,000 bales; but as it was admitted and the stocks in the 18 interior towns.
statement of the acreage planted and the crops raised, we
•ome damage had been done to the crop, the general estimates
in January ranged from 5,700,000 to 6,200,000.
It was sub¬ carry the comparison back to the season 1874-5, during which
there was a drought quite as severe as that of this season :—
sequently discovered, however, that the increase in acreage
was 12 per cent. : this, on 5,757,000, would have warranted an
Acres.
Per acre.
Crop, bales.
estimate of 6/£ millions.
We are aware that estimates as high
1880-81
16,123,000
0-408
6,589,000
as 6,500,000, with the possibility of 7,000,000, were put forth
1879-80
14,428,000
0-399
5,757,000
0-384
13,202,000
5,073,000
in some quarters early in the season, but there was no justifi¬ 1878-79
1877-78
0-393
12,231,0 >0
4,011,000
cation for 'these extravagant figures.
0-385
11,641,000
4,485,000
Their authors might 1876-77
1875-76
0-397
11,745,000
4,669,000
subsequently have claimed some credit for superior foresight 1874-75
11,040,000
0*347
3,833.000
if they had, at the time, impugned the accuracy of the
These figures are based upon the Census returns obtained in
accepted returns of acreage, but they did not; and they
•howed an utter want of confidence in the value of the infor¬ 1879-80, and are taken from the New York Financial Chroni¬
estimate the
mation upon
which their early estimates were based by entirely
abandoning them later in the season.
Respecting the size of the current crop, we feel almost as
much at sea as we did twelve months ago, owing to the circum¬
stance that correspondents, in whose integrity we have every
tonfidence, differ very widely in their opinions as to the quan¬
tity of cotton still on the plantations, or in the interior towns
and depots not enumerated in the weekly returns. As a mat¬
ter of fact, we attach no importance to multitudinous inquiries
made in the cotton States during the picking season. Such in¬
quiries made at the time of planting may furnish fairly accu¬
rate estimates of acreage; but those made later on, in respect
of the quantity of cotton likely to be marketed, have never been
other than worthless and misleading.
Our readers can call to
mind numerous instances of the truth of what we are saying,
so that we need not here enter into particulars.
Let us now
look into the probabilities of the present crop from the stand¬
points of the port and interior movements to the close of De¬
cember, and of the estimated area planted.
The following is an account of the movements of the crop to
the close of December, compared with the corresponding figures
for the previous five seasons, in 1,000’s of bales :—
Port
fleptember
October
November
December
;
receipts.
1881. 1880. 1879. 1878. 1877. 1876.
426
458
837
968
951 1,007
983 1,021
Total to December 31
3,197 3,454
Overland to mills
373
316
Increase in interior stocks in 18
towns since August 31
373
270
Southern consumption for 4 months
75
68
331
888
942
956
289
689
779
894
98
579
822
9C0
237
675
901
788
3,120 2,651 2,399 2,601
324
162
121
120
329
267
231
49
232
48
are
cle.
to
The
area sown
this
season
is estimated at 16,851,000 aeres.
On the basis of last
year’s rate of production, say 0*408 of a
bale to the acre, the yield would be 6,875,000 bales; but on the
basis of 1874-75, say 0*347 of a bate to the acre, it would reach
only 5,847,000 bales. The next smallest rate of production was
in 1878-79, say 0*384 of a bale to the acre.
On this basis the
present crop would amount to 6,470,000 bales. An average be¬
tween the lowest and highest rates (0*347 and 0*408) would
give 6,361,000 bales. An average between the two lowest (0*347
and 0*384) would give 6,158,000 bales.
On examining the figures relating to the port movements of
the past seven crops it will be found that if we double the total
receipts from the 1st September to the date of the eighth
largest week of each season (that is to say, the last of th«
eight maximum weeks, whether consecutive or otherwise) ws
shall get a pretty close approximation to the total crop:
Date
of
eighth
largest
1874-75.
18”5-76..
1876-77..
1877-78..
1878-79..
1879-80..
1880-81..
1881-82..
Total
receipts at
iveek.
that date.
Dec. 25
1,980,000
2,343,000
Dec, 31
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
15
28
27
19
24
23
.
2,228,000
2,345,000
2,567,000
2,824,000
3,242.000
2,923,000
Indicated
crop.
3,960,000
4,686.000
4,456.000
4,690,000
5,134,000
5,648,000
6.484,000
5,846,000
Actual
Actual crop
compared with
indicated crop.
3.833,000
4,669,000
4,485,000
4,811,000
5.073,000
5.757,000
6,589,000
127,000 less.
17,000 less.
29,000 mors.
121 0 0 more.
61,000 less.
109,000 more.
105,000 more.
To say the leas , this is a very remarkable exhibit. Twelve
months ago we drew the attention of several of our Liverpool
friends to the figures—pointing out the large total indicated
but the idea that the yield might reach
6,500,000 bales was so universally, and so emphatically, pooh51
60
poohed that we refrained from publishing the table. We con¬
Total in sight December 31
4,018 4,108 3,833 3,131 2.800 3,001 tented ourselves with stating that the current estimates ranged
Per oent of cron
62-34 66-58 61-71 58-20 66-91
Total crop. r.
6,589 5,757 5,073 4,811 4,485 from 5,700,600 to 6,200,000 bales, with a general leaning to¬
The present crop in same proportion
6,445 6,035 6,494 6,903 6,005
wards 6,000,000, and we adopted this figure as a basis upon
The 1876 crop was marketed quicker than any crop in the his¬ which to forecast the probabilities of supply, remarking, a*
tory of the trade. It is important to note that in that season already stated, that our readers could “easily adjust the figures
the receipts at the ports began to display unmistakable signs to meet their own views.”
•f exhaustion as early as December ; the arrivals in that month
It may be that we shall witness something very exceptioaal
allowing a considerable decrease compared with the figures for in the crop movements for the remainder of the present season.
November.
But even on the basis of the rapid movement in Who knows ? No one. Twelve months ago we were informed
1876 the movements of the present crop to the end of December by honest and sincere American correspondents, who had mads
for the 1880-81 crop;
February
11, 168*.]
inquiries in every State, and almost
cone, that the crop might not
every county, in the cotton
exceed 5,700,000 bales, and could
not be over 6,000,000, and as late as the first of March the most
#nrrent estimates did not exceed 6,000,000 to 6,250,000, and yet
the yield was 6,1»0,000 bales. Who is to say that a similar de¬
velopment shall not be seen this season ? Meanwhile, if the
yield should, as in 1874-5, be 127,000 bales less than “ the indi¬
cated crop,’” the total will be 5,719,000 bales ; if 121,000 bales
as in 1878-9, then it will be 5,967,000 bales ; while, if the
crop had been allowed to move naturally, the interior stocks
would have been smaller, and the port receipts larger, than
they were on the 23d December, in which case the “indicated
crop” might have exceeded 6,000,000 bales.
On the whole, therefore, whether regard be had to the pro¬
duction of cotton per acre or to the movements of the crop to
the end of December, it seems to us that the yield is not likely
to be l«ss than 5,700,000 bales, while it may be more than
6,000,000 bales. We may be wrong, but we had rather be
wrong on the basis of ascertained facts and reasonable analo¬
gies, such as we have given above, than right on the mere
realization of a lucky conjecture. Meanwhile, as no one knows
how much American cotton we are likely to get, we shall en¬
requirements of Europe 128,000 bales per week
(70,000 for Great Britain and 58,000 for .the Continent), o»
4,992,000 for 39 weeks. We shall then stand as follows :—
let
more,
how much is likely to be wanted.
uncertainty as to the probable supplies of other
descriptions than there is in respect of American. The Bom¬
bay shipments for the first half of this year are estimated at
from 900,000 to 1,000,000 bales, against 706,000 last year—say
deavor to show
There is Ifess
an
increase
165 I!
THE CHRONICLE.
of from 200,000 to
300,000 bales. The quantity
of 1880. Assuming
last year, and those
after June 30 in time to arrive by September 30 to be the same
as last year, and the shipments from other Indian ports to be
also the same, the import into Europe in the first nine months
of the year will be at least 259,000 bales over that of 1881—say
1,240,000 bales, against 981,000. The Egyptian crop promises
to be about 30,000 bales larger than that of last season, but as
have already received that excess, we shall assume the
imports for nine months to be the same as last year—280,000
bales. From the Brazils we shall get about 280,000, against
218,000; from the West Indies, &c., about 50,000, against the
same last year; and from Smyrna, &c., about 30,000, against
56,000. Reduced to weight these estimates come out as follows:
bales more than at the end
the shipments to be only 200,000 more than
afloat is 59,000
we
Bales.
Bast Indies
Pounds.
Weight.
1,240,000
330
280,000
651
lbO
170
350
,
471,200.000
182,280,000
50,4 00,000
us
call the
Bales of
400 lbs.
1,807,000
Imports from India, Egypt, Ac., Dec. 30 to Sept. 30
Stocks in English and Continental ports, Deer 30
Surplus stocks at the mills,
Total
ditto
2,996,000
supply
800,000 -965,000
30
Less estimated’stock in the ports, Sept.
Less surplus stocks at the mills, ditto
Available for
803,000
386,000
165,000
;
2,031,000
4,992,000
consumption
Quantity of cotton wanted
(128,000 per week)
Wanted from the United States
2.961,000
in nine months
2,631,000
Bales of 450 lbs
supply these 2,631,000 bales, the American crop need not
exceed 5,500,000 bales. On this basis the movements for the
To
season
would compare as
follows with those of last season :
1831-82.
5,500,000
Crop
Stock, 1st September
Supply
6,589,000
218,000
141,000
5,718.('00
6,730.000
~
<4.
5,518,000
Deliveries
American and
Canadian consumption
Available for export
Less sent to Mexico,
Shipped to 31st December
shipped 31st December
Afloat, 31st December
To be
to 31st August.
Total
Import of ootton shipped after 31st
iu time to arrive by 30th September
31st Dec. to 30th
1,914,000
3,568,000
4,598,000
30,000
31,000
3,538 OOO
1,524,000
4,567,000
2,007,000
2,014.000
2,560,000
542,000
606,000
2,556,000
3,256,000
75,000
71,000
2,631,000
3,327,000
August
Sept
6,512.000
1,950,000
Ac
Available for Europe
Total import
218,000'
200.000
Stock," 31st August
The
1880-81.
foregoing calculations leave the stocks in America on
August, and.in Europe on the 30th September, as fol¬
the 31st
lows, compared with the previous three seasons, in bales of 400
lbs., except the United States stocks, which average about
450
lbs:
1882.
1880.
1879.
480,000
667,000
200,000
800,000
165,000
1,058,000
265,000
141,000
677,000
139,000
1,165,000
1,541,000
957,000
Stock, United Stat68 ports...
Stock, European ports
Surplus at European mills ...
Total
1881.
218,000
66,000
121,000
bales smaller than in 1881, but
and
498,000 larger than in 1879.
West Indies, &c
Smyrna
supplies from India (owing
381*5
722,880,000 to the favorable crop developments since September) and other
1,880,000
Total
Adding to,these figures the stocks in the ports and the surplus sources, and to the great accumulation of stock at the close of
at the mills, we get the following available supply for Europe, last season, an American crop of 5,500,000 bales will supply
exclusive of what may be imported from the United States in the necessary wants of the world, allowing for an increased rate
ot consumption, and without seriously reducing the stocks at
the nine months :
Egyptian
280.000
Brazil
50,000
30,OOO
8,500.000
10,500,000
The estimated
stock is 376,000
it is 208,000 larger than in 1880
So that, thanks to the increased
'
Bales
Bales.
Import from India, Esypt, &o. 1,880.000
525,920
Stock in English ports Dee. 31
21H, 240
St’k in Contin’tal p’ts. Dec. 31
152,000
8urplus at Eng. mills Dec. 31
231,000
Surplus at Contfl mills Deo.31
Wgt.
384*5
445*2
410*1
400*0
400*0
of
722,830,000 1,807,000
234,146,000 585,000
r
87,202,000
60,800,000
the close of the season.
400 lbs.
Pounds.
218,000
152,000
234,000
This to some may appear
between
surprising, but it will only be so to
the contemplation of
the rival speculative factions
those who, in
the animated conflict
in America, and of thi
operations between New York and Liverpool, hava
for several months past lost sight of the more solid and abiding
3,005,160 398*8 1,198,628,OOu 2.996,000 facts of the market.
Total
The truth is, that although the lata
The stock in the ports of Europe at the close of last season gigantic American crops haYe gone out of sight, they have
amounted to 978,000 bales, averaging 432’6 lbs. per bale, or yet been consumed—a large part still being in the hands
1,058,000 bales of 400 lbs. In the previous season it was only distributors, either in the form of raw material or in that of
677,000 bales; in 1879, only 480,000 bales; in 1878, 656,000 manufactures. A glance at the figures for the past five year*
bales. The bales in these three years, however, averaged only will show that this must be so. We gi7e the American crops
about 400 lbs. each. Now. if we were to reduce the stock at for each season, and the imports from iRdia, Egypt, &c., tot
the close of the season tc SG0.90G bales, there would still be each year:
Visible
Total
Supply
123,000 bales more than in 1880, 320,000 more than in 1879 and
Total
American
Deliveries.
from Egypt,
Tears.
M:
Supply..
144,000 more than in 1878. The surplus stocks at the mills at
Crop.
India, Ac.
the close of last season were 265,000 bales of 400 lbs., against
2,479,000
6,565.000
6,453,000
1,963,000
1876-77.
4,485,000
2,435,000
6,607,000
6,256,000
139,000 in 1880 and 121,000 in 1879. We may, therefore, end 1877-78. 4,811,000
1,445,000
2,599,000
6,877,000
6,659,000
1,586,000
5,073,000
1878-79.
the present season with only 165,000 bales.
2,766,000
7,581,0u0
7,550,000
1,793,000
1879-80.
5,757,000
3,063,000
8,129,000
8,520,000
In our autumn annual we estimated the consumption for all 1880-31.
1,931,000
6,589,000
Europe for the present season at 128,420 bales of 400 lbs. per
We have here an increase in the total supply of about 1,000,week, or 5 per cent, more than the previous one ; but we are
000 bales in 1880 over the average of the previous three years,
not sure that this increase will be witnessed ; we are certain
that it will not at the present range of prices. Early last sea¬ and another 1,000,000 bales in 1881 over 1880. The rate of con¬
sumption in 1877 and 1878 was rather smaller than in the few pre¬
son we had (in conformity with our Continental advices) to
raise our estimate of the current rate of consumption ; but so ceding years ; but the deficit was more than recovered in
far this season there is an entire absence of the constantly-in¬ and yet there was a further increase of over 700,000
creasing activity which characterized last season. However, 1880, and another increase of about 550,000 bales in 18S1. Of
93,600,000
“
see-saw”
not
of
1879,
bales in
this
166
m
THE
CHRONICLE
[Vol. XXXIV.
cotton
part is still at the mills nnconsumed. The surplus stocks Liverpool; whereas, if he follows the advice of those
who
by European spinners are about 170,000 larger than at preach the false doctrine of scarcity, he will force the
price in
this time last year; and they are fully 300,000 bales larger than Liverpool up to the level of the
price in America, and thereby
three years ago. American spinners hold about 65,000 bales enable our American cousins to
get out of their present very
more than they did twelve months since, and
fully 200,000 uncomfortable situation at the expense of the confiding Euro¬
bales more than three years ago; making the total mill stocks pean consumer. The “bugbear” of
a possible “corner” in the
235,000 more than at the end of 1880 and 500,000 larger than autumn is already being dandled in the face of
spinners,
at the end of 1878. Meanwhile, the visible supply"shows an with the view of
frightening them into baying, but the condi¬
excess, in round numbers, of 300,000 bales over this time last tions which
brought about, the “squeeze” of last year are not
year, and 600,000 over that at the end of 1878.
So that in raw likely to arise in 1882, and the spinner need not fret himself
on
held
cotton alone there
were at the end of 1881 535,000 bales more
hand than at the close of 1880, and 1,100,000 bales more
than at the end of 1878. Besides which, as already noticed,
there are also larger, in some cases much larger, stocks of
on
goods in the whole of the consuming markets.
It should be borne in mind that whereas two
ago
the markets of the world
are now
cotton
well stocked.
Here is
were
an
or
three years
this
the
Street, Liverpool, Jan. 25,1882.
IMPORTS
AMD
goods to the various districts of the world in 1879, 1880
1880.
Euro we (except
Yds.
Turkey)
Turkey, Egypt &
372-7
toO O
Yds.
305-1
n.nQ-a
! 1831.
Inc.
Dec.
Yds.
Yds.!
7-6
....
t <v>. 1
•
America
596-8 729-5 132-7
British E. Indies. 1327-6 1813-4 485-8
China, Japan, &c. 626-6 632-0
5-4
All other countr’s 307-9 367-7 59 8
Total
DECEMBER,
[Prepared by the Bureau of Statistics.]
Below
1
1879.
FOR
TWELVE
MONTHS ENDED DEC. 31, 1881.
they
shipments of
and 1881, in millions of yards:
EXPORTS
AND FOR THE SIX AND
bare of cotton goods,
account of
Ellison & Co., Cotton Brokers.
score.
7 Romford
37181 4496-3 778-2
.
.
•
1l
Yds.
416-7
Inc.
Inc.
Dec.
Yds. j Yds.
516
,
WA.O
w
J t.H /
1 o
*
*
*
*
...J 831-1 101-6
....|1793-0
735 0
103-6
....] 410-7
430
....
....14776-7*280-4
2j
years.
20-4
....
—
....
Yds.
44-0
iUu
/
234-3
465-4
108-4
102-8
1058-6
It will be observed that for the last two years the
shipment s
to all parts show a considerable increase—in the
aggregate
1,053,600,000 yards. It will be noticed, too, that where the
^crease in 1880 over 1879 was small, it was
large in 1881 over
is given the sixth monthly statement for the
fiscal
1881-82 of the imports and exports of the United States.
The excess of exports of merchandise was as follows:
year
Month ended December 31, 1881
"
Mouth ended December 31, 1880
Six months ended December 31, 18S1
Six months ended December 31, 1880
Twelve months ended December 31, 1881....
Twelve months ended December 31, 1880
The
of
follows:
51,514,529
65,396,260
161,712,752
163,396,226
192,876,216
imports of gold and silver coin and bullion
excess
was as
$19,782,835
....
Month ended December 31, 1881
Month ended December 31, 1880
Six mouths ended December 31, 1881
Six months ended December 31, 1880
Twelve months ended December 31, 1881...'
Twelve months ended December 31, 1880
$2,116,282
15,764,154
26,516,794
68,357,996
49,327,448
69,229,822
The total values of
imports and of domestic and foreign
large, exports for the month of Dec., 1881, and for the six and
it was small in 1881 over 1880. In other words, the markets twelve months ended Dec. 31, 1881 and 1889, respectively, are
presented in the following tables :
not filled up in 1880 were filled
up in 1881.
As respects India,
[Corrected to January 26, 1882.J
in fact, the shipments in 1880 were so enormous that a
M EROH ANDI9E.
decrease of 20,400,000 yards took place in 1881, but still
leaving
unusually heavy stocks at Calcutta, Bombay, &c.
For the
For the 6
For the 12
1880; and that where the increase in 1879
Even with
cotton to
a
over
1880
was
Conclusion.
small American crop, there will be
plenty of
supply the wants of
consumers
for the remainder of
the
season.
It is true that, owing to the large stocks
held in
America against sales of “futures,” and to the
tenacity with
which the
“bulls” hold
amount of cotton is at
but
on
to their contracts, a considerable
present in the wrong place,
so
to speak;
European spinners need not trouble themselves on this
account; they may depend upon it that a sufficient quantity
will ooze out to add
continually to the stocks in Liverpool and
the leading Continental ports, and to afford to consumers an
ever increasing and
improving selection. In May and June
last, when middling uplands was at 5%d. to 6d., we warned
English spinners against the certainty of an advance in prices
month of
Dec.
necessary to attract the supplies needful to keep up
the rate of consumption; but the
present outlook is exactly the
opposite of the prospect which presented itself in May-June;
then we started with a low
price at the commencement of a
period of diminishing stocks; now we start with a high price
at the beginning of a period of
increasing stocks. European
spinners are being twitted for their timidity in not importing
for their customary wants; but the one
thing which the Ameri¬
can holders have for weeks
past been longing for has been a
rush to buy on the part of
English and Continental spinners.
Everything has been done to establish a “short supply scare”
among European spinners, in order to enable the American
speculators to ufiload their heavy stocks of dear-bought cotton
upon the backs of consumers; but whether from the wariness
of the spinners, or from the fact that the
profits of spinning
and weaving are by no means so
good as they were twelve
months ago, the voice of the charmer has been
utterly unheed¬
ed, though his charming has been quite equal to his most suc¬
cessful efforts in times past. The
policy of the spinner in MayJune last, in the face of a
declining stock, with an active
demand for yarns and goods, and with
prices at 5%d. to 6d.,
was to buy as much cotton as he
could; his policy now, with
prices Id. per lb. higher, with an increa: ing stock before him,
and with a slow demand for
yarns and goods, is to buy only
from hand to mouth. If he
persists in this course, he will
bring down the price in America to the level of the price in
mos.
ended
Dec. 31.
$74,374,834 $399,773,S02j$814,152,296
2,153,631
3,382,6911 19,361,833
$77,028,465 $4US, 156,493 $833,514,129
57,245,630 3 42,760,233| 670,117,903
imports $19,782,835 $65,396,260 $163,396,226
1881.—Exports—Domestic
Foreign
Total
s..
Imports
Excess of exports over
Excess of imports over exports
1880.—Exports—Domestic
Foreign
..
..
$97,063,312 $169,547,453 $875,564,075
1,826.902
7,472,257
14,119,347
$98,690,211 $ t77,OI9,71.0 $889,683,422
Total
Imports
:.
4 7,375,685
Excess of exports over imports $51,514,529
Excess of imports over experts
315,306.958
696,807,176
$161,712,752 $192,876,246
GOLD AND SILVER—COIN AND BULLION.
188 i .—Exports—Dom.—Gold..
do
before the close of the autumn, on the
ground that the stock
here wrould continually decrease, and that a rise in values was
absolutely
ended
Dec. 31.
nios.
$102,599
$715,315
$1,837,856
890,110
5,465
365,191
$4,363,385
5,384,053
106,009
2,025.878
13,265,321
765,687
3,797,-933
$8,231,255
$2,728,173
$30,921,554
$19,666,817
$60,398,620
751,494
3,826,495
8,595,645
$3,479,067j $34,748,049
$2,1-16,232j $26,516,794
$68,994,265
$49,327,443
$703,766
$1,128,530
4,519,369
79,147
Silver..
Foreign— Gold
do
Silver..
Total
Imports—Gold
Silver
Total
Excess of imports over exports
Excess of exports over imports
1880.—Exports—Dom.—Gold..
.
Silver..
$148,854
1,319,666
Foreign — Gold
9,720
do
do
Silver..
Total
Imports—Gold
544,309
2.669,003
7,287,372
1,933,929
5.696,070
$2,022,549
$16,506,026
$7,971,285
$70,554,193
$16,045,901
$73,031,198
Silver
1,280,677
5,775,038
11,644,525
$70,329,261
$85,275,723
Excess of exports over
$17,786,703
imports $
Total
Excess of
imports
over
TOTAL
.
.
exports! 15,764,154
$
'68,357,996
$
69,229,822
MERCHANDISE, COIN AND BULLION.
1881.—Exports—Domestic
Foreign
$75,867,543 $405,873,170 $829,255,473
2,524,307
10.514,578
23,925,473
Total
$78,391,850 $416,387,748 $853,180,946
Imports
60,725,297 377,508,282 739,112,168
$17,666,553
$38,879,466 $114,068,773
Excaps of exports over imports
Excess of imports over exports
1880.—Exports—Domestic
Foreign
Total
Imports
$98,531,832 $474,770,588 $883,979,977
21,749,346
2,380,931
10,220,407
100,912,763 $484,990,995 $905,729,323
65,162,388
Excess of exports over imports $35,750,375
Excess of imports over exports
391,636,239 782,082,899
$93,354,756 $123,646,424
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, December, 1881:
February
Customs
Baltimore,
$1,223,451
$3,075,378
4,526,273
4,866,896
...»
36.217
119,834
366,743
19,2 48
10,634
26,860
72,833
120,196
66.309
155,000
13.162
528.607
Galveston, Texas
Genesee, N. Y
Huron, Mich
2,121,043
30,360
6,214
921,133
44,648
214,872
380,800
9,394,061
29,430,224
2,706
973,738
40,799,306
289,737
231,009
235,307
Y
Passamaquoddy, Me
26,540
248,446
2,S47,769
383,694
1,823,838
Philadelphia, Pa
Portland, &c., Me
Puget Sound, W. T
91,445
2,541
7,464
102,128
Richmond, Va
San Diego, Cal
San Francisco, Cal
Savannah, Ga
Vermont, Vfc
Willamette, Oregon
Wilmington, N. C
7,814
16,545
1,692
52,470
1,538
*
*9.006
1,800,130
719
”8,942
99,021
68,697
81
6,389,388
3,863,777
31,624
130,888
12,092
189,682
153,636
2,342
$57,245,630 $74,874,834
$2,153.631
UNITED STATES TREASURY
STATEMENT.
statement, from the office of the Treasurer, for
January, was issued this week.
It is based upon the
returns from Assistant Treasurers, depositaries and superintend¬
ents of mints and assay offices :
The following
actual
Post-office Department
vm
1, 1882.
account
Disbursing officers balances
Fund for redemption of notes of national banks “failed,”
‘•‘in liquidation,” and “reducing circulation”
Undistributed assets of failed national banks
Five per cent fund for redemption of nat’l bauk notes.
Fund for redemption of national bank gold notes
Currency and minor-coin
redemption account
Fractional silver-coin redemption account
Interest account, Pacific Railroads and L.&
Treasurer U.S., agent for paying interest on
Treasurer’s
Treasiu-er’s
Interest
P. Canal Co
D. C. bonds
transfer checks and drafts outstanding
general account—
diie and unpaid.
Matured bonds and interest
Called bonds and interest
Old debt
Gold certificates
Silver certificates
Certificates of deposit
$5,473,462
1,466,453
12,327,830
788,671
5,188,120
$5,110,651 05
22,157,086 21
29,623,454 60
631,546 62
14.945,203 06
472,114 00
6,319 88
81,268 50
5,410 00
155,723 01
6,591,661 24
29
50
00
49
00
68,999,670 00
•
Total Treasurer’s general account
Less unavailable funds
1, 1S82.
Standard silver dollars
Fractional silver coin
Silver bullion
Gold certificates
Silver certificates
United States notes
National bank notes
National bank gold notes
Fractional currency
”...
on
Pacific Railroad interest
paid
52%c
999,6
52%
52%6
100%
100%
82-65
83-00
82-70
82-35
82-75
103 %
103%
116%
120%
103%
116%
103%
116%
L17
103%
116%
116%
120
120%
120
120
Erie, common stock
41%
1395s
139
32%
32
Illinois Central
120
Philadelphia & Reading.
999,6
99l%6
-
40%
134
133%
134
134
62%
32%
62%
32%
62%
32%
99i%6
138%
139
62%
32%
999,6
L03%
40%
40%
139%
133%
134
99’-%
40%
40%
62%
Pennsylvania
14
10
10
11
10
Cal. white
“
6
Corn, mix., West.
“
Pork, West. mess.. $ bhl. 77
Bacon, long clear, new.. 16
Beef, pr. mess, new,$tc. 31
Lard, prime West. $ cwt. 57
Cheese, Am. choice, now 65
(ex. State.. 100 lb.
“
Wheat, No. 1, wh.
“
Spring, No. 2...
Winter, West., n
“
..
s.
d.
s.
d.
s.
d.
3
9
9
0
7
0%
14
3
9
9
0
7
14
3
14
10
10
11
10
3
9
9
1
7
0
77
46
91
57
65
(f.
10
10
11
10
0% 6
77
0
46
6
SI
0
57
3
65
0
10
10
11
10
6
6
0
3
0
9
9
1
7
0%
77
40
81
57
65
0
6
0
.3
0
s.
14
10
10
11
10
C
0%
77
0
46
6
81
0
57
0
65
0
6
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
Flour
d.
3
9
9
1
7
d.
s.
14 3
10 8
10 G
11 2
10 6
0% 5 11%
77 0
0
6
46
6
0
0
0
81
56
64
0
0
0
11,861,169
01
409,093 72
70,000 00
299,658 21
640.292* *8*1
9,382 00
182,884 00
2,520 00
$325,805.^06 79
Hudson—Philadelphia & Reading.—
New York Central &
A contract has been executed between
the New York Central,
the Reading and the Corning Company, by which a road is to
be constructed between Williamsport, Pa., the Western ter¬
minus of the Reading system, to Stokesdale, situated 3% miles
from Wellsboro, Pa.—a total distance of 75 miles—thus forming
a through line from the Reading
coal fields to Buffalo via the
New York Central Railroad. The New York Central, the Reading
and the McGee companies are to guarantee the bonds, and the
work of construction will be let immediately, so as to complete
the connection this season. The toll temporarily fixed for the
Imports
and
Exports for the
Week.—The imports of last
week, compared with those of the preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imports were $8,843,442, against $7,814,215 the pre¬
ceding week and $10,887,366 two weeks previous. The exports
for the week ended Feb. 7 amounted to $6,969,200, against
$6,517,309 last week and $7,277,299 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Feb. 2 and for the week ending (for general
merchandise) Feb. 3; also totals since the beginning of first
week in January:
FOREIGN IMPORTS
Dry goods
Gen’l mer’dise..
Total
"
?
5
$3,013,380
5,825,062
$3,469,472
$5,259,191
$8,8 43,442
$11,857,225
$3,286,258
5,344,360
$3,128,323
$9,630,618
Since Jan. 1.
1882.
1891.
1880.
1879.
For Week.
AT NEW YORK.
$1,728,739
3, D,> 0
5,311,149
9
15,314,320
$9,273,977
$13,813,204
Gen’l mer’dise..
19,274,653
30.4i8.479
24.380,541
30,664,761
Total 5 weeks
$28,548,630
$44,291,683
$36,243,766
$46,009,581
Dry goods
YORK FOR THE WEEK.
EXPORTS FROM NEW
1882.
18sl.
1880.
1879.
of
for the
For the week...
$6,817,258
reported..
23,055,630
$5.725,001
23,753,73 7
$8,302,132
27,514,197
$6,969,200
25,886,378
Total 5 weeks
$29,87.2,388
$29,478,73.9
$35,816,329
$32 855.578
true comparison with previous
have altered the figures sa as to embrace au equal
In order that there may
be
a
years we
number of weeks in each.
The following table shows the exports and imports
at the port of New York for the week ending
since Jan. 1, 1382 :
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
of specie
Feb. 4, and
Imports.
Exports.
Gold.
Week.
Great Britain
France
Since Jan. 1.
Week.
$100,131
$3,200,640
$3,200,640
150,000
150,000
Op.rmn/ny
West Indies
Mexico
South America
All other countries
Total 1882
Total 1881
Total 1880
Silver.
Great Britain.
38,873
60,000
14.889
48,526
6,700
2,472
4,029
$3,410,840
$3,417,340
112,000
52,800
4,595,413
266,990
$32,170
614,312
213,251
$340,000
$1,206,180
$11,193
$11,193
1,268
11,489
1,949
1.828
41,174
78,978
14,325
3,684
$27,727
$149,354
Germany
*
115,960
190,000
3,000
Indies
Mexico
South America
All other countries
Total 1882
Total 1881
Total 1880
71,269
12,134
2,675
200
60,000
France
West
Since Jan. 1.
$310,000
215.40C
77,013
$1,399,180
9
13.514
45,815
8.429
673,642
$262,828
767,374
218,674
32*^43
transportation of the coal to Buffalo is reported to be 57 per
Of the above imports for the week in 1881, $7,150 were
<&nt of its value at the latter point, subject to periodical arbi¬
tration and readjustment, the Reading Company receiving 43 American gold coin and $13,741 American silver coin. Of the
exports for the same time $3,312,840 were American gold coin.
per cent for all coal delivered at Shamokin.
t
©cmiwercial mid BXisceUaucousJteurs.
63 00
bonds
991516
lOOGo
1,350,000 00
interest
District of Columbia
Speaker’s certificates
94
68
00
37
18
00
00
46
17,252 52
...
Quarterly interest checks and coin coupons paid
Registered and unclaimed interest paid
United States bonds and
$91,266,311
83,886,476
72.421,584
26,567,873
3,258,926
7,900
7,462,130
28,714,391
7,301,199 89
73,805 00
Deposits held by national bank depositaries
Interest
52
991516
8 2-15
Prev.
Gold coin
Gold bullion
8,1872
52
99llio
-pecie) from the port of New York to foreign ports
v*eek ending February 7, and from January 1 to date :
$325,805,906 79
Nickel and minor coin.
New York and San Francisco exchange
One and two-year notes, &c
Redeemed certificates of deposit, June
52
Fri.
Thurs.
Silver, per oz
d.
Consols for money
Consols for account
Fr’ck rentes (in Paris) fr.
U. 8. 5s ext’n’d into 3%s
U. 8. 41*23 of 1891
U. 8. 4s of 1907
$246,721,385 36
695,916 77-$24G,025,4G3 59
ASSETS, FEBRUARY
Wed.
In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive
11,400,000 00
141,077,178 08
Balance, including bullion fund
lues.
K.
656,252
1,268,737
LIABILITIES, FEBRUARY
Mon.
Sat.
Liverpool.
159,088
172,784
556,410
14,177
districts
reported
at Liverpool, are
follows for the week ending February 10 :
London.
134,139
3,264,953
.
by cable as
4,895
48,085
3,673
Pensacola, Fla
securities, &e„ at London
The daily closing quotations for
and for breadstuffs and provisions
2,797,631
326,277
31,247
56,518
Oswego, N.
Report*—JPer Cable.
English Market
1,498
23,789
Oregon, Oregon
Oswegatcliie, N. Y
57*504
62,864
108,516
301,397
40.289
28,684
Niagara, N. Y
Norfolk, &c., Va
$1,336
67,232
38,991
Minnesota, Minn
iPbmetaygi ©ommcrctul Hitglisfc Hears
4,441,750
646,15o
Key West, Florida
Milwaukee, Wis
Totals
129,830
103,725
Corpus Christi, Texas.
Detroit. Mich
All other customs
Exports.
45,856
Mobile, Ala
New Orleans, La
New York. N. Y
Foreign
Exports.
Domestic
Imports.
Districts.
Md
Bangor, Maine
Boston, &c., Mass
Brazos, &e., Texas
Brunswick, Ga
Buffalo Creek, N. Y
Cape Vincent, N. Y
Champlain, N. Y
Charleston, 8. C
Chicago, Ill
167
THE CHRONICLE.
11,1852.J
V
\
s-
THE CHRONICLE.
168
Statement of the Comptroller of the Currency, showing by
States the amount of National Bank circulation issued, the
amount of
Legal Tender Notes deposited in the United States
Treasury to retire National Bank circulation, from June 20,1874,
to Feb. X. 1882, and amount remaining on deposit at latter date.
Legcl-Tender Notes Deposited to
Retire National Bank Circula¬
Additional
circulation
States
AND TER¬ issued since
J une 20,
1874.
RITORIES.
tion since June
Retire
CircuVtion
of Notes of
under Act
LiquidaVg of June 20,
Banks.
RcdempVn
Legal Ten¬
20, 1874.
ders
on
Deposit
To
with U. s.
Treasurer
at Date..
Total
Deposits.
$
$
317,000
72,997
441,097
1,529,580
N.Hampsli
755,665
Vermont..
2,008.920
24,918,090
3,552,620
Mass
Rh. Island
Conn
New York.
N. Jersey..
Penn
Delaware.
Maryland.
Diet. Col.
Vireinia
..
W.V’giuia.
N.Carolina
B. Carolina
234,800
32.350
65.350
4,414 470
29,051,675
3,068,085
16,768,460
277,275
2,046,410
457,000
1.178.500
226,810
1,235,660
le9,700
Georgia...
623,330
72,000
Florida.
Alabama..
...
207,000
Mississippi
2,743,343
523,603
1,316,226
“
55.800
1,753,040
10,528,200
2.285.585
3.758,030
30,711,830
2.653,137
12,189,071
166*600
*1,7i 8.3*80
432,664
530.060
937,369
1,036,010
731,060
386,685
128,200
1.192.585
1,187,380
437,675
330.925
’**96*,6o6 ‘***2*24,100
*6*56*413 2,b99*.25*6
*
Louisiana.
Texas
Arkansas
1,623* i 10
Kentucky.
4,749,250
“*629*8*6*7
Tennessee.
Missouri..
1,019,770
370,401
551,859
1,766,860
6.490.500
4.037,650
3.834,865
3,900,190
1,043,450
1.704.597
3,862,135
4,898.534
7,859,083
7,706,046
3,282,475
1,259,589
1,760,615
1,883,445
566,250
171,000
Ohio
Indiana...
Illinois....
Michigan
.
Wisconsin.
Iowa
Minnesota
Kansas
1,352,030
2,324,800
1,25^,400
296,080
293.400
36,000
743.400
...
Nebraska.
Nevada...
Colorado..
Utah
Montana..
Wyoming.
61,290
274,340
171.000
1.418.597
1.903,334
625,900
680,860
946,269
554,495
781,721
45,000
2
220,833
761,146
1,920,557
1,122,218
1,262,498
6,708,050
1,110,871.
4,673,744
2.194,137
10,763,000
2,317,935
3,823,380
33,455,173
3,176,740
13,505,297
1,8*84,9*80
962,724
1.973.379
1,117,745
1,320,785
1.187.380
768,600
145,402
91,608
2,850,700
922,260
4,90 >,585
6,603.131
9,277,680
9.609.380
3,908,375
1,940,449
818,615
137,651
576,199
2.013,184
2,515,531
1,596,562
1,332,666
486,430
494,930
1:»7,280
“219*225 *’‘*149,40*6 “*368.62*5
706,923
232,776
179,900
161,191
19ri,800
357,991
1,693
86,411
11,673
263,700
30,600
116,200
81,000
197,200
50,254
90.000
90,000
57,740
427,500=,
930,600
•Leg. tend.
3,813,675
128,359.105 20,482.394 110,525,202 134,821,271 30,432.443
Resources.
Dec 31,1881.
Oct. 1. 1881.
Loans and discounts
$1,161,648,043 $1,169,022,303
Overdrafts
4,428,486
4,773,779
United States bonds to secure circulation
368,705,700
363,335,500
United States bonds to secure deposits..
15,715,000
15,540,000
United States bonds on hand
31,884,200
40,972.450
Other stocks, bonds and mortgages
61,896,702
62,663,218
Due from approved reserve agents
123,548,083
132,968,183
Due freili other national banks
77,616,284
78,505,446
Due from State banks and bankers
17,635,810
19,306,826
Real estate, furniture and fixtures.......
47,440,400
47,329,111
Current expenses and taxes paid
4,646,675
6,731.936
Premiums paid
3,891,728
4,138,585
Checks and other cash items
17,337,704
14,786,025
Total
217.214,627
24,190,534
366,361
62,771,671
4,623,500
38,332,000
6,797,829
1,143.240
189,268,109
17,732,476
60,113,207
53,158,141
7,920,000
16,378,339
6,740,000
16,115,751
1,718,233
1,356,844
374.181
58,910,368
5,221,800
43,090,000
5,450,387
1,662,180
Deposits of U. S. disbursing officers.
Due to other national banks
Due to State banks, and bankers
Notes and bills rediscounted
Bills payable
Total
"466,159,835
$463,821,985
12:*.860.493
128.149,617
56,372,190
5*,217,083
330,293,195
5,302,034
324,991,161
241,701
6,372,737
L,102.251,910
3,796,678
3,595,726
197,252,326
79,380,429
4,122.472
4,482,325
320,199,969
245,018
3,835,926
1,070,997,531
8,476,689
3,631, 03
205,862,945
89,047,471
3,091,165
4,664,077
$2,381,730,880 $2,358,3s7,391
Statement of the Comptroller of the Currency on. Feb. 1,
1882, showing the amounts of National Bank Notes and of Legal
Tender Notes oatstanding at the dates of the passage of the
Acts of June 20, 1874, January 14, 1875, and
May 31, 1878,
together with the amounts outstanding at date, and the
increase or decrease:
*
the above.
Circulation of national gold banks,
and methods.
not included in
season
Over $4,000,000 were added to its assets last
year,
ments, dividends, &c., over $61,000,000.
The amount thus
paid, plus the amount now held in trust for them, exceeds tht
amount received in premiums by nearly $9,000,000.
—Dividend No. 76, amounting to $75,000, for the month of
January, and aggregating a total to date of $4,100,000, has
just been declared by the Ontario Silver Mining Company.
—The usual monthly dividend of $30,000 has been declared
by the Deadwood Terra Mining Company (for January), payable
at the office of Wells, Fargo & Co., 65 Broad way^ on the 20th
inst.
Transfer books close
on
the 15th.
Auction Sales.—Messrs. A. H Muller & Son sold the follow.
ing at auction this week:
50
75
26
50
221
Shares.
Corn Exchange Bank.... 171
Peter Cooper Ins. Co.l90« 191
Montauk Ins. Co
118
Broadway RR. (Bklyn)..18l
Lykens Valley RR. Co... 132
40 Pacific Bank
"165
100 Washington & George¬
Shares.
167 Tradesmen’s Nut. Bk.l02®104
eO Merchams’ Exch’ge Bk.. 98
4 1st Nat. Bk. of Brooklyn.254
10 Leather Manuf. Nat. Bk.178
200
Bklyn. City RR.. .2ll14'3>21618
10 Citizens’ Insurance Co...155
20 Dorman Manuf. Co
83
town RR. Co
251
31 Butcherb’
Drovers’ Bk.l361g
5 United States Ins. Co
132
3 N.Y. Bowery Fire Ins._Co.223
Bolide.
$4,500 Broadway RR.
of
Brooklyn, 1st 7s
Co.,
10T
BANKING AND FINANCIAL.
BANKING DEPARTMENT.
Offioa
of
FISK
&
HATCH,
No. 5 Nassau Stree
New Torky 1882k
to the terms on whioh wo
receive deposit accounts of Banks, Bankers, Business Firms and indi¬
viduals, we issue this Circular for the general information of those wh*
may desire to open accounts with a private banking house in this city.
We are prepared, on the terras mentioned below, to receive the
accounts of responsible parties in good standing.
In answer to numerous letters of
1.
inquiry
as
Except in the case of Banks, Savings Banks, or other well-known
Corporations, or of individuals or firms whose character and stand -
are already known to us, we require satisfactory reference*
before opening an account.
2. We allow interest at the rate of three per cent per annum on th*
ing
average monthly balances, when the same amount to $1,000 or
On accounts averaging less than $1,000 for the month
over.
we
allow
no
interest.
3. We render accounts current,
4.
Liabilities.
Other undivided profits
National bank notes issued
Amount on hand
Amount outstanding
State bank notes outstanding
Dividends unpaid
Individual deposits
United States deposits
30,432,44S
896,501
8,991,745
—Among the most solid financial statementss of the
$2,381,730,880 $2,358,387,391
Capital stock paid in
Surplus fund
retiring circulation under Act of June 20,1874
deposit duringtbe last month
deposit since Feb. 1,1881
is that of the New York Life Insurance Company, published in
another column. With an income of over ten million dollars, a
list of securities worth two millions more than their cost, and
following is the abstract made to the Comptroller, show¬
ing the condition of the national banks of the United States
At the close of business on October 1, 1881, and December 31,
1881, the number of banks reporting December 31 being 2,163:
legal-tender notes
Five per cent redemption fund
Due from United States Treasurer
382,000,000
35,318,984
346,681,016
$932,609.
The
Exchanges for Clearing House
$382,000,000
Amount retired under act of Jan. 14,1875, to May 31. *78
Amount outstanding on and since May 31, 1878
Amount on deposit with the U. S. Treasurer to Tedeem
notes of insolvent and liquidating banks, and banks
Deposited prior to June 20, 1874, and remaining at that date.
Bills of other national banks
.Fractional currency
Gold coin
Gold Treasury certificates
Gold cleariug-liouso certificates
8ilver coin
Silver Treasury certificates
Legal tender notes
United States certificates of deposit for
18,248,367
Legal Tender Notes—
Amount outstanding June 20, 1874
Amount outstanding January 14, 1875
and, after deducting all losses, the number of itsliving
sii’ioo “’120,7*7*6 policy-holders increased over 5,000, and stood January first,
211
1882, at 53,927. This is its thirty-seventh year’s business ; it
50,337
2,755,663
began with nothing, and now has over $47,000,000. During
335.630
82,763
171,000
5,091 this time it has paid to policy-holders in death claims, endow¬
516,772
316,550
449,980
351,861,450
322,555,965
361,663,805
180,201
producing an annual interest income of over two millions, and
with an ample surplus by the most rigid standard used in this
66,8*49 country, this old and purely mutual organization stands in the
89,49 L front rank of life insurance
corporations. It is growing, too, in
247,471
124,318 a manner that seems to show the public appreciation of life
240,945 insurance in general, and of this company’s particular merits
2,706.884
2,437,94<>
1,098,271
225,000;
.
..
•
24,523
90,000!
N. Mexico.
Wash’ton
Dakota
California.
Total
24^5,164
*
*
$349,894,Its
$
$
1,081,700
128,797
$
764,700
National Bank Notes—
Amount outstanding June 20,1874
Amount outstanding January 14, 1875
Amount outstanding
May 31,1878
Amount outstanding at date *
Increase during the last month
Increase since Feb. 1,1881
Increase in
Increase in
1874.
Maine...
[Tou XXXIT.
and credit interest as above, on the la*t
day of each mouth.
For parties keeping regular deposit accounts with us we collect and
credit United States, Railroad and other Coupons and dividends,payable in this city, without charge; make careful inquiries, and give
the best information we can obtain respecting investments oi other
matters of financial interest to them; and in general serve tnair i»terests in any way in which we can be of use to them in our line of
business.
5. We do not discount
buy commercial paper, but are at all time* pr#^
pared to make advances to customers and correspondents on United
or
States Bonds or other first-class and marketable securities.
6. All
deposits are subject to Check at Sight without notice.
One of our firm is a member of the New York Stock Exchange, and w#
give particular attention to orders by mail, telegraph or in pehaon, f*c
the purchase or sale of Bonds and Stocks on Commission.
We continue to buy and sell direct, without Commission, all issues and
denominations of United States Bonds, for immediate delivery at current
market rates, and m ike exchanges for National Banks in the Banking
Department at Washington, without trouble to them.
FftK A HATCR
„
—
j£he Jfruihcrs'
(Gazette.
fa's following dividends have recently beeu
Per
cent.
Company.
Railroads.
Chicago «fc West Michigan
Clove. & Pittsburg guar. (quar.).
Detroit Lansing & No. pref
Kan. City Ft. Scott & Gulf con*.
Lo
do
pref.
City Fi» o
York Fire
Jliseell ncous.
Now York & Colorado Co
New
Books Closed.
Payable.
(Days inclusive.)
15 Feb. 10 to Feb. 15
1 Feb. 11 to Mar. 1
15
15 Feb. 10 to Feb. 15
15 Feb. 10 to Fob. 15
2
4
Feb.
Mar.
Feb.
Feb.
Feb.
5
5
Feb.
13 Feb.
On dein.
2*2
1%
3*2
Insurance.
anuoimood:
When
5 cts.
Feb.
-—J—S SQr
.-L-.,,,,
■
The actual rates for Continental bills are as follows :
Francs, 5 12%@5 13% and 5 18%@5 19% ; marks, 94%@94%
and 95%@95% ; and guilders, 40%@40%.
It is yet uncertain
whether any specie will be shipped on Saturday.
In domestic bills, New York Exchange was quoted to-day as
follows, at the places named :
Savannah, buying %, selling
; Charleston, buying par
4
dividends;
Name of
169
CHRONICLE.
THE
11, 1^82. |
February
82%.
%@% prem.; New Orleans commercial, 100(9
bank 200 prem.; St. Louis, par ; Chicago, par ; Bos¬
@% prem., selling
150 prem.,
10(o)12%
ton,
8 to Feb. 12
prem.
United States
Bonds.—Government bonds have been steady
and without notable movement.
15 Feb. 11 to Feb. 15
The
108th call for bonds was
issued February 7, calling in
The
$20,000,000 of til3 continued sixes on April 8, 18S2.
NEW YORK, FRIDAY, FEBRUARY' 10, lSSti-5 P. »l.
description is as follows: Registered bonds of the acts of July
17 and August 5, 1861, continued during the pleasure of the
The Money Market and Financial Situation.—There lias
Government under the terms of circular No. 42, dated April 11,
been much more quiet this week in financial affairs, and not a
single event of extraordinary importance has taken place. The 1881, to bear interest at the rate of 3% per centum per annum,
situation in Paris is still rather gloomy and more failures are from July 1, 18S1, as follows:
$‘>0, No. 1,951 to No. 2,150, both inclusive.
expected, but the bearing upon our markets is
$100, No. 13,701 to No. 14,700, both Inclusive.
remote, and unless London is seriously affected we look for little
$500. No. 10,001 to No. 10,700, both inclusive.
$1,000, No. 4S,901 to No. 51,600, both inclusive.
further trouble here. The export of specie last week amounted
$5,000, No. 16,151 to No. 16,850, both iuclusive.
$10, 00, No. 32,551 to No. 34,950, both iuclusive.
to $3,750,840, and this week there has been no export worth
comparatively
Total, $20,000,000.
mentioning; the Bank of England gained a considerable amount
Many of the bonds originally included in the above number*
in the week.
have been transferred and canceled, leaving outstanding the
The names of the Advisory Commissioners for the railroad
amount above stated.
Bonds forwarded for redemption should
trunk lines have been announced, and they are acknowledged to
be addressed to the “Secretary of the Treasury, Loan Division,
be good parties. They are to hear argument in regard to the
differential rates to sea-board ports and make recommendations Washington, D. C.,” and all the bonds called by this circular
should be assigned to the “ Secretary of the Treasury, for
•oncerning the maintenance, change or abolition of the differ¬
ences.
The Commissioners are Hon. Thomas M. Cooley, of the redemption.”
The closing prices at the New York Board have been as
Supreme Court of Michigan, for many years a Professor in the
University of Michigan, and a man of high
character and ability; Hon. E. B. Washburne, of Illinois, late
Minister to France; Hon. Allen G. Thurman, of Ohio, well-known
as a lawyer and statesman.
At the Stock Exchange there has been more excitement in
Tennessees than in anything else, and the extreme decline
reached 23 per cent., the old bonds touching 53 to-day,
against 76 on Saturday last. This fluctuation arising from the
argument of the case at Nashville involving the validity of the
funding law, together with the recent passage of the Riddleberger bill through both Houses of the Virginia Legislature,
has brought up once more the whole subject of State repudia¬
tion and is calculated, to unsettle the work already done, and
give a set-back to the progress which had been made towards
the re-establishment of Southern State credit.
The money market has been easy enough and well supplied
with funds, but the slight uncertainty attending the possible
amount of gold exports had the effect of making lenders
cautious for a while, particularly on time loans. Stock bor¬
rowers paid 5@6 per cent, early in the week and latterly 3@6
per cent., with most of the business at 4@5 per cent; On
Glover nment bonds the call loan rates are 2@3 per cent. Prime
commercial paper sells at 5@5% per cent.
Law School of the
follows:
Interest
Feb.
Periods.
4..
«
\
J
Feb.
7.
Feb.
8.
■o
.
Feb.
10.
.
101
*101
*101
*101
3*2-. J. & J. *L00% *1007* *102*2 *102*2 *102*2 102*2
*102*2
*102*2
5s, continued at 3*2-. Q.-Feb.
*113% 11378 1135s *1135s *113%
4*as, 1891
reg. Q.-Mar. *1133*
*114% *114%
6s, continued at
<3.-Mar. *U476 ‘11478
*11S is 118*3
reg. Q.-Jan.
118*8
4s, 1907
coup. Q.-Jan. *118*8 *128
& J. *128
68, cur’oy, 1895..reg.
*129
*129
6s, cur’cy, 1896..reg. J. & J.
*130
6s, cur’oy, 1897..reg. J. & J. *130
*132
*131
6s, cur’cy, 1898..reg. J. & J.
*133
68, cuFcy. 1899.. reg. J. & J. *132
4*26, 1891
4s, 1907
coup.
♦This is the prioe
State and
bid at the morning
*114% *1147g
*118*8 118*4 *118*6 *118*8
118*8 *118*4 118*8 118*t
*128
*129
*130
*132
*133
*128
*129
*130
*132
*134
*128
*129
*130
*132
*133
*128
*129
*130
*131
*132
board; no sale was made.
Railroad Bonds.—All other
transactions in State
overshadowed by the remarkable dealings in
Feb. 3, old Tennessees sold at 75%
and new at 73%. On Tuesday the market first broke badly,
and there has since been a heavy decline, with very large sales,
until prices to-day reached 52% for “ mixed ” bonds—which,
include some of each class, 53 for new and 53 for old, with a
recovery of 1%@2 points at the close. The decline seems to
have been based on the Nashville dispatches that the court
might decide against the funding law of 1881.
Railroad bonds have been in fair inquiry at firm prices, but
the large investment demand has not yet appeared, and many
The Bank of England statement on Thursday showed a gain
of the very good bonds have advanced but little this year. The
of £529,000 in specie for the week, and the percentage of reserve
Boston Hartford & Erie bonds have declined heavily, and the
to liabilities was 33% against 31% last week; the discount
holders, whether justly or not, are complaining against the
rate remains unchanged. The cable dispatches report the Bank
Gould and Field management.
of France as gaining 76,850,000 francs gold and losing 13,175,000
The last statement of
the New York City Clearing-House,
banks, issued Feb. 4, showed a decrease in their surplus re¬
of $2,720,025, the total surplus being $6,381,825, against
serve
$9,101,850 the previous week.
The following table shows the changes from the
and a comparison with the two preceding years:
1882.
Feb. 4.
Differences fr’m
previous
week.
previous week
1881.
Feb. 5.
D 80
Feb. 7.
Loans and die. $328,852,000 Inc .$5,885,500 $316,092,900 $290,381,610
.
Legal tenders.
Legal reserve.
Tennessees.
On Friday last,
and Miscellaneous
has been variable and, upon the
Prices do not move as they are
Railroad
francs silver.
8pecie
Circulation...
.Met deposits
bonds have been
52
994,650
930,200
67,603,700
18,363,300
307,097,200
15,997,500
21,683,200
264,404,200
16,437,900
$54,125
$76,774,300
2,665,900
83,601,200
$66,101,050
69,432,500
Dec.
1,735,700
20.089.200 Inc.
316,325,900 Inc.
48,400
216.500
18.843,400 Dec.
$79,081 475 Inc.
66,619,900
Reserve held.
85.463.300 Dec
Surplus
$6,381,825 Dec.$2,720.025
Stocks.—The stock market
whole, rather unsatisfactory.
expected to, and as they ap¬
which bear
been
parently ought to move, from the circumstances
upon them. Money is fairly easy, the railroad war has
settled, railroad earnings are very large as compared with 1881,
the little cloud which hung over the foreign exchanges has
mostly blown away, but it can hardly be said that prices
respond
yet to the improvement in the general situation. One theory
is, that with each impulse of strength in the market there are
large holders who stand ready to realize on stocks which they
as
bought at lower prices,
curred when an
and the fact that a
advance was reasonably
decline has often oc¬
expected goes far to
sensitive, and
attacked by the
support the idea just mentioned. Prices are also
give way rather easily when the stocks are
rumor-mongers.
It is reported to-day from
and Garrett control about 100,000
Philadelphia that Messrs. Gowen
shares of N. J. Central stock,
and expect to control the next election.
Exchange.—Exchange has been more quiet, and rates fell
The break in Louisville & Nashville to-day was said to haw
below the specie shipping point; but recently the tone is rather been
helped by the sale of a large lot for the Produce Exchange
inner. To-day the rates for actual business were about 4 84% firm which failed yesterday.
C. C. & I. C. has declined sharply on the new settlement pro¬
for prime bankeis* 60 days sterling and 4 90 for demand, with
•able transfer* 4 90% @4 91,
$6,826,900
$3,331,450
and prime commercial bills 4 82% @ posed to the bondholders.
\
170
THE CHRONICLE.
fVot. XXXIV.
RANGE IN PRICES AT THE N. Y. STOCK EXCHANGE FOR THE
DAILY HIGHEST
AND
LOWEST
WEEK, AND SINCE JAN. 1, 1882.
PRICES.
Sales of
the Week,
Shares.
STOCKS.
Saturday,
Feb.
RAILROADS.
Albany A Susquehanna
*130
Boston AN.Y. Air-Line
Do
pref..
Buffalo Pittsburg* Western..
Canada Southern
Cedar Falls A Minnesota..
Central Iowa
Central of New Jersey
Central Pacilic
Charlotte Columbia * Augusta
1st pref.
2d pref.
Chicago A Alton
Chicago Burlington A Quincy..
Chicago Milwaukee A St. Paul.
Do
pref.
Chicago A Northwestern
-
Do
pref..
Chicago Rock Isl. A Pacilic....
Chicago St. L. & New Orleans.
Chicago St. Paul Minn. * Ora..
Do.
pref.
Cincinnati Sandusky * Clev....
Cleveland Col. Cin. & Ind
Cleveland A Pittsburg guar....
Columbia & Greenville, pref....
Columbus Chic. A Ind. Central.
Danbury A Norwalk
Delaware Lackawanna A West.
Denver*; Rio Grande
Dubuque A Sioux City
84
84
52-4
53%
Tuesday,
Feb.
7.
135
95*2
96%
88%
89 **
24
*34
*24
66*4
67 34
35
25*2
134% 134*2 134*2
135*4 135*4 135*2
10834 1095s 109
12134
35*2 *3*534
100*2101
>80
83
3534
101
353.
101
Do
pref..
Green Bay Winona <fc St. Paul.
Hannibal * St. Joseph
pref
Houston A Texas Central
Illinois Central,
Indiana Bloom’n «fc West., new.
Keokuk * Des Moines
Do
pref
Lake Erie <fe Western
Lake Shore
Long Island
Louisiana * Missouri River....
Louisville A Nashville
Louisville New Albany * Chic.
Manhattan
Dt
1st pref
Manhattan 'each Co
Marietta«&o cinnati, 1st pref.
Do
2d pref.
Memphis * Charleston
Metropolitan Ele?« ted
Michigan Central..
i*o*6“ ioi
19*2
80*a
134
134
19*2
80*2
18%
*19*2
1*2*7" 127*8 i*27*‘ i*27 3,
69*2
70*2
70*4
14 %
* 14 %
23=8
24
1434
*23*2
94
94 %
105% 107*2
136
46
I3634
46
96*4
91%
75
75 %
74
24%
2434
24%
35
25
25%
9534
90 34
36
*25
67%
54
67%
53
53
96>%
91%
95*4
90 34
9634
91%
25
37
24%
2434
36%
25%
74
25%
68%
68%
5,000
85
85
***14
5234
53*4
4,150
*34%
96%
'3*5 “
**3*0*6
97*4
92
34,475
45,282
1,100
1,875
91%
-
36
>25
135
**24% *24%
35%
*25
135
86
109%
122%
135%
i.34% i*35%
144
143 34 144%
133%
"si" **8*2*
*133
95
18%
65
*96%
pref
135%
36%
10034 101%
101
96*2
*27*2
12*2
19%
19
80%
19*4
*80*’* *8*2**’
*8*6*6
1334
195
*9*3** *95“
95
13%
18%
8,245
5,800
18%
20
i‘27%
125,160
71%
207,492
’*1*4% *14% *14% *14%
4',72*6
23%
2.700
*9*7**
*9*6 % *97**
7*800
1434
*14%
*14%
23%
23%
24
136**2
81
81*2
13634 13634
46*2 46*2
95%
53%
53%
96*2
*96
30
*27%
12*2
*7*43* *77%
86
86
94%
86
865#
97
71
1.27 % 126%
70%
71%
Peoria Decatur & Evansville...
Philadelphia A Reading
Pittsburg Ft. Wayne & Chic
Rensselaer * Saratoga
*7%
36%
102% 103%
32% 32*4
*'*8*3“ * 83*2
123
*83
36
9334
86%
96%
47
*19
123
84
3734
96%
31%
37%
72
55%
56
9734
*96
30
13%
95%
9534
32
14*8
30%
13%
14
71% 76
90
90
87%
86%
86%
86%
47%
48
20
61
38%
123
123
32%
123
8334 84
47
*19
*59
37
103
47
21
61
*19
*58
37
3734
103%
32% 32%
413
3,710
90
87
25*2
25%
56*4
34*4
*56*4
35
73*8
24*2
34*4
*67* “69*4
34*2
62*4
3434
62 34
172
25% 26
171% 171% *170
56*4
**66%
*170
57
26
72*4
24%
34
*18
35
25
34%
34%
72 34
2434
34%
21
69*2
70
*34*i
34*4
62*%
135*2 135*2
62
26*4
27%
“5*7“ *5*7%
34
*72% *72**%
24%
26%
172
70
70
**7*i“
34%
62%
35*4
**35%
63
63
34%
73%
25%
35
35 *4
64*4
*171
172
26%
26% 26%
57%
*5*6** **6*7%
35
72%
35
74%
24%
2434
24
33%
34
34%
22
22
70%
73%
3534
3534
63
134
Allegli., stock trust ctfs.
Richmond & Danville
Richmond & West Point
Rochester A Pittsburg
Rome Watertown * ugdensb’g
8t. Louis Alton * Terre Haute.
30*4
30*2
240
240
224*2*230
“2*i%**2*i%
pref.
Bt. Louis * San Francisco....
40
miscellaneous;
American District Telegraph
27*4
27*4
239
240
27%
47*4
48
12
12
118*4 119
35 7a 36*2
66*4 673b
84*s
32
250
73%
63%
35%
74%
24%
34%
74%
34%
63%
35%
64%
135
20
40
*38“ **40*
87
*84
44
58
118%
36*4
i*3*8%
36*2
66% 67%
38
40*8
48 34
11834
36%
67*4
i*i*9%
37
40%
41
40%
36%
67%
48%
14
119
110% 110%
48
49%
48%
14
14
41
39
41
Ontario Silver
Mining
Pennsylvania Coal
Quicksilver Miniug
<34%
*240
13% *12
pref
Standard Consol. Miniug
Cameron Coal
Central Arizona Mining
Deadwood Mining
Excelsior Mining
New Central Coal
Robinson Miniug
Silver Cliff Mining
Stormont Mining
35
67%
39
41
3,685
2,000
98,080
6,200
4,900
61%
17
*61*34
17%
17%
35
13
*0
11,000
125
%
*18
2%
*2%
*2%
was
6
82% Jan.
83% Jan.
4
92
90
52
21
61
45
20
Jan.
4
Jan. 18
60
Jan. 25
38% Jan. 31
54
34
70
22
20
2«4
made at the Board.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
4
32% Jan. 31
18
Feb. 10
Jan. 30
24%. Jan. 11
20
Jan.
3
33% Jan. 31
80% Jan. 28
39% Jan. 23
56% Jan. 6
93
27
68
91
41%
81
600
12
Jan. 19
27,179 114 Jan.
12,659
34
Jan.
33,720 65% Jan.
8,200
1,300
31
39
18%
60
107
66
94
63
124
32
225
100
24
15
93
77% 126
9
6
41
Feb.
Jan.
Jan.
Jan.
Jan.
8434 126%
42
64%
'2*5*6
18
1,200
t Lowest price is ex-privilege.
23
30%
62%
70%
34%
54
114%
18% 39 34
85
131
102
130% 155
96
130%
118
63
'
39% 52%
80% 96%
164% 190
25% 43%
23% 26%
Jan.
Feb.
Jan.
Jan.
53
32*4
64%
21
35
18
64
190
Jan.
Jan.
70
51
88%
37%
60
37%
83
200
Jan.
27%
Jan.
50
Feb.
127
Jan.
Jan.
130
35
57%
743*
142
146
80
99% 171
174%
Feb.
Feb.
122
22
22
39
Jan.
50
50%
77%
14334
85
39
55
90
26
46% Jan.
Jan.
55
81%
115%
42%
89%
70
88% 11334
41% 73%
38
15
17% Jan.
105% 131%
33% 60
64% 96%
Feb.
7
13
74%
31
35
67
89% 115%
30
49
190
Jan. 19 134
45% Feb. 3 39
62%
145
Jan. 18 120
151
1
Jan.
3
2%
%
94
8234Jan. 16 77
Jan. 31 140
Jan.
6 149% Jan. 10 120
153
Jan. 14
94% Jan. 17 62%
Jan. 10 80% Jan. 26
51%
Jan.
6 130% Jan.
142
5 112
$
Jan. 25
4
36% Jan. 16
1934 Feb. 4
2
Jan. 14
Jan. 25
Jan.
Jan.
Jan.
Jan.
Jan.
3134 Jan.
1
5
03
38
18** *59%
45 <4 Jan.
18% Feb.
Jan.
Jan
2% Jan.
9 26 Jan.
Jan.
16 35
17 245
Jan.
7
14% Jan.
3 62% Jan.
11
17% Jan.
26 37 Jan.
26
l%Jan.
5
% Jan. 17
*
44
56
79
110%
50
117%
15 % 59%
Jan. 28
Feb. 4
l%Jan.
100
30%
16%
71% Jan.
15% Jan. 17
33
240
**6*66 12
700
67
14
685
146%
57%
14
41
32
6534
112% 135 34
3
3
3
2
76% Jan. 10
145
92
76
128
121
100
38%
4 11934 Jan.
4
38% Jan.
34,400
39% Jan.
5,772 129% Jan.
6,000
% Feb.
100
180
428
130
88
21
33
12% 12%
44% 350
9 108% Feb. 7
42% Feb. 10 49% Jan. 10
96,460
113%
13
23
8,290 105% Jan.
200
620 128
95%
32%
77
131
76%
31% Feb.
% Feb.
4334 Jan.
41
109%
68%
10134
82
21
71
88
51
127% 142
66% Jan.
Feb.
3 106% Jan.
Jan. 24 30 34 Feb.
Jan. 19
148%
33%
Jan.
Jan.
Jan.
25% Jan.
38% Jan.
23% Jan.
92
136
129
40
43% Jan.
,5 85
11 172
31 28%
6 20
24 58%
31 37%
1 77%
36%
131% 147%
Jan.
Feb.
4
48%
156
117
Jan.
Jan.
84
“33%
133% 182%
101% 129%
116% 140
2,620 108% Jan. 26 115% Jan.
44% Jan. 4 51% Jan.
1%
the prices bid and asked—no sale
23
127
34,590
7
r
20%
32%
Jan.
69% Jan.
60
75
400 190
Jan. 31 195
850
Jan.
31
3734
33%
28,800 58% Jan. 17 67 %
40 134
Jan.
7 135%
139
Jan. 19 140
4*il*0 27 Jan. 24 40
6,070 179 Jan. 4 250
5,608 150 Jan. 10 240
**‘i“ *’*i'%
2%
75
58
1,164
*17 %*18*
17%
52
Feb. 4
48% Jan. 12
71
2
*34%
102%
*9*6“ Feb’.’ 1*6 166% Jan.
3,006
2
240
13
49
Jan. 24 109% Jan.
**3*66
35
Jan. 19
Jan. 28
50
79
170
19,410 25
20
71
40% 41
108*sl08%
4234 42%
136
137
138% 139%
44% 44%
433H 44%
34%
45
112
4 137% Feb.
4 48% Jan.
200 105
79,390
1,250
600
200
12% 13
118% 119%
36% 37
*240
*12
62
61%
40%
3 39% Jan.
3 104% Jan.
6 35 3€ Jan.
3 123% Jan.
500
80
Jan. 30 87% Jan.
96,158 128%'Jan. 31 13534 J an.
870
*1%
*18
35
*238
90
90
Jan.
Jan.
Jan.
Feb.
Jan.
...
*18*
86
35%
9734
32%
462 120%
2,800
10734 108*2 i’08% i*0*8% 1083s 108% 108% 108% 108% 108*4
44% 44% *
48*2
43
.43
19%
60
4 111% Jan.
Jan. 23
80
48,375
18,050
1,080
60
Oregon Railway * Nav. Co
i*34** i’3434 134% 135
Pacific Mail
43% 45*8
4334 44%
44% 45*4
44% 45%
Pullman Palace Car
137% 139
138% 138 s4 137% 13834 139
139
141
139
140
140
Sutro Tunnel
34
%
%
%
%
*8
%
%
West.Union Tel., **x-certificates
80*4 81%
81
80*2 81
82
82%
81%
81% 82%
81% 82%
EXPRESS.
Adams
*140
150
147
149
14&
*147
3 47
150
150
*147
*148
149
American
92
92*2
93
93
92% 93
*92
93.
92% 92*4
93 % 93 %
United States
78*2 73*2
77
77
76% 76% *75% 77
*75% 7 634 *75% 7634
Wells, Fargo A Co
130
130
*127
129
128
128
*126
123
*126
128
*126
128
COAL AND MINING.
Consolidation Coal
Homestake Mining
19% 1934
1934 1934
19%
*19
20
Little Pittsburg Mining
*1 %
1%
*1»4
Mariposa Land & Mining
Maryland Coal
500
44
66%
16
4 110
Jan. 24
60
*47% *48%
119% 118% 119%
36 <2 36%
36% 37%
67*4 68%
66% 67%
39
Jan.
Feb.
Feb.
94
7
42%
112
14
26% Jan.
1,300
10,620
86
71
112
6
7
32
Feb.
15% Jan.
9% Jan.
1,435
70
512
Jan.
11% Jan.
23
71%
Jan.
98% Jan.
500
500
95
30
110*2 11034
47% 47%
16
Jan. 23
Feb.
2
19
240
20
>38
*84
43
58
74% Jan.
84 Jan.
5
95% Feb. 10
110
18
73
31
31%
243% t200 245
240
240
235
237%
2S63* 236
27% 28%
27% 30%
30*8 31%
85%
41%
57%
40*3 40*2
33
39
28*4
31%
240
**3*9
42
70
110*2 11 0>*4
31%
250
93
..
Colorado Coal A Iron
Delaware * Hudson Canal
New York & Texas Land
231
3(/34
247
57*2
__
1st pref.
Do
pref
St. Paul Minneap. * Manitoba.
Texas * Pacific
Toledo Delphos & Burlington ..
Union Pacific
Wabash St. l^iuis * Pacific....
Do
pref.
* *30**2
246
237
*40
84
Do
.
30*2
240
9
35
26%
57
*34
Jan.
13% Jan.
25
11
20
60
,
172
84
700
47%
130*4 131*u 130% 131% i*3*f% 131% 131% 132% 130% 131% 130% 131%
103 s8 1085b a 06
*106
109
*107
108
108% 108
107% 108
39=8 40*4
3934 40
39% 40%
39% 40%
39% 39%
3934 40%
79*4 79 %
79 34 80
79% 80%
79
79% 79%
7934
172
4
1,840
9,565
32% 32%
122% 122%
82
83%
123
83% 83 34
400
,
3.525
37%
103*8 104*8
122
14*0’65
74
58
76
63% Jan.
High
185
30
Jan.
39% Jan.
8,845 12?34 Jan.
1,600 44% Jan.
1,072
94%
31
Jan.
32% Jan.
6 70% Feb.
3 3934 Jan.
81% Jan. 12 85% Feb.
51
Jan.
3 56 % Jan.
18% Jan. 28 21 Jan.
33% Jan. 26 37% Jan.
89
Jan.
S 97% Feb.
87% Jan. 24 94% Jan.
70
Feb. 6 75% Feb.
22% Jan. 23 26 Jan.
33
Jan. 25 3734 Jan.
24
Jan. 4 2634 Jan.
128
Jan.
3 135% Feb.
132% Jan. 4 138 Jan.
104% Jan. 4 110% Jan.
119% Jan. 3 123 Jan.
124
Jan.
4 136
Feb.
36% Jan. 6 145 Feb.
131
Jan.
4 135
Jan.
Feb.
79% Feb. 2 84
34% Jan. 3 37% Jan.
Jan.
9734 Jan. 6 102
50
Jan. 25 57% Jan.
78
Jan. 31
84
Jan.
133
Jan.
7 137% Jan.
87
Jan. 27 104
Feb.
13% Feb. 10 21% Jan.
Jan. 23 66
65
Jan.
122% Jan. 24 128% Feb.
60
9.700 105% Feb.
200
6 133
Low.
1,110
32% Jan. 31 37% Jan.
152,015 109% Jan. 4 115% Jan.
90
74
57
75
89%
102% 104%
32%
72
Jan.
Highest.
32% Jan. 18
4*8*’
34
112
76
92
103% 104
32*4 32 34
123
108% 109% 107*8108%
81% 82
i*35% 136% 136% 136%
46
40
46%
4634
‘9*5*% **93% "94 *4
*54% *5*&
76
89
86 34
87
23%
34
34%
112% 110% 111% 111
51%
5134 51%
■'8% ***8%
76%
36*4
47
23%
S3
*
Rich.*
pref.
46%
*59
36
36%
102 34 103*4
33
33
34
Panama, Trust Cp. certificates.
23 *4
i 36 % i*3*6%
29
47 34
24
Oregon * Trans-Continental...
5,575
5,920
135
126%
53
53
72
Ohio Central'
Ohio * Mississippi
Ohio Southern
are
400
36
35%
65
pref...
..
These
80,323
2,060
49,628
3,755
2,700
’**8*6“ ’*82’’
81
80%
*134
95
*98** 110
94% 94*2 *94%
107*4 107% 107
107% 107
110%
8C*s
Missouri Pacilic..,
Mobile & Ohio
Morris & Essex
Nashville Chattanooga & St. L.
New York Central & Hudson
New York Elevated
New York Lake Erie * West..
Do
pref.
New York New Haven * Hart.
New York Ontario * Western..
Norfolk * Western
Do
pref
Northern Pacific
*
1.930
'
*81 *4
127% 127% 127% 12734
71
72
71% 72*4
93% 94*2
*85
Do
Do
900
800
905
26
135% 135%
135% 136
109% 110
135% 135%
109%
121%
134% 133% 135% 133%
143*2 143% 144
142%
133
134
13334 133
81
81% 81%
*3*5% 36
35% 36%
35%
100% 101*4 101% 101% 100%
Lowest.
130
**8*5*
135
135*4 135%
135% 135% 13534
109 7<
109% 110
122
<122
122%
32% 3234
32% 32 34
110*8 Ill’s 110*2 111% 111% 112%
51
5138
52
50
75*2
Missouri Kansas * Texas
Bt. Paul & Duluth
135
72
Minneapolis * St. Louis..:
Do
Do
*130
Feb. 10.
**34% *34% *34% **34%
9534
89%
35
Friday,
9.
Feb.
*
*8*6“ *.’“.
Milwaukee L. Sh. & West., pret
Do
135
‘*6*8% **68%
5334
134*2 135
135*2 135*2
109*3 109%
12134 122
1*3*231 13334 13258 13334 133*2
142 34 143*2 142 34 142», 143%
13358 1333, 133*- 133*2 133%
8.
*84
53
24*4
Feb.
*130
‘**80*’
>80
52
Wednesday, Thursday,
*
East Tennessee Va. * Ga
Do
*125
6.
34*78 3*4 \
Chesapeake A Ohio
Do
....
Feb.
69“ ’TO1* **6*734 *6*9*
Burlington Cedar Rapids * No.
Do
Monday,
4.
For
Range Since Jan. 1, 1882. Year Full
1881
634 Feb.
% Jan.
Feb.
3
2% Jan.
9
2% Jan.
1 % Feb.
5
234 Jan.
6
1 % Feb.
20
4
30
14
1%
25
34
20 1734
23 32%
16 240
14 12
19 53
4 17
12 25 <
4
3
3
Jan.
9
Jan. 28
6
6
1
4
%
18
2
2%
1%
THE
11, 1882.]
FBBfcUARY
quotations of state and railroad
bonds
STATE
BONDS.
6s, due 1882 or 1883
6s, due 1886
-—
6s, due 1887
j
6s, due 1888
6s, due 1889 or 1890 ....1
Asyl’m or Univ., due ’92,
Funding, 1894-’95
Hannibal & St. Jo., ’86.!
A68,taSdT<l,
1899.1900...
7s, L. Rock & Ft. S. i88.
32
RR
RR
& R. R. RRCent. RR.
Connecticut^-Os, 1888-4..
7s, Miss. O.
15
7s, Arkansas
108
108
115
78, new, 1886.....
7a, endorsed, 1886
7s, gold, 1890
Louisiana—
7b, consol., 1914
67
63
small
sj
RAILROAD
95
Balt.&O.—1st, 6s, Prk.Br.
*
*
68*s 6*6
9934 100
105
4111
Char. Col. & Aug.—1 st, 7s 1106
4112
C.Rap.Ia.F.& N.—1st, 6s
fd.
*
8134
51*2
82*2
61 34
103
Joliet* Chicago—lstm.
La. & Mo.—1 st m., guar. tll5
2d mort., 7s, 1900
St. L. J ack.& Ch.—1st m iis'
1st, guar. (564), 7s, ’94
2dm. (360), 7s, 1898..
2d, guar. (188), 7s, ’98.
'
Consol.
Small
Ohio-
Miss.R.Br’ge— lst.s.f. 6s
C. B.&Q.—8p.c., lstrn.,’83
Consol mort., 7s, 1903..
5s, sinking fund, 1901..
Iowa Div.—S.F.,5s,1919
Iowa Div.—S.F.,4s,1919
C. R.I.& P.—6s, coup., 1917
6s, 1917, registered
Keo.& Des M.—1st, g.,5s
Central of N.J.—lstm.,'90
1st consol., assented, ’99
Conv., assented, 1902...
lstm.,7s, $
lstm.,
lstm.,
lstm.,
lstm..
R.D., 1902
LaC. Div., 1893..
I. & M., 1897....
I. & D., 1899
C. & M., 1903
g.,
BONDS
AND
Buft.N.Y.&E.—1st,1916
123*2
N.Y.L.E.&W.-New2d,6
1st, consol., fd. cp., 78.
99
Buf. & S.W.— M.‘ 8,1908
Ev. & T. H.—1st cons., 6s
Fl’t&P. Marq.—M.6s,1921
Gal.Har.& S.Ant’o—1st,6s
2d mort., 7s, 1905 ...
G. BayW. & St, P.—1st, 6s
Gulf Col. & S. Fe—7s, 1909
Han. & St. Jos.—8s, conv.
1st mort., 1. gr., 7s
1st mort., West. Div.,
1st mort., Waco & N.,
Ced. F. & Minn.—1st
325*2 127
125
i'05"
100*2
132*2
tl!734 118*4
128
1118"
118
120
12034 121
102*2
118
95
•
1*106**
1st Chic.& P.W.,us.1921
Min’l Pt. Div., 5s, 1910. 1
C.& N.west.—S.f, 7s, 1885 I.;
Interest bonds, 7s, 1883 106
Consol, bonds, 7s, 1915.. 4131*2
Extension bonds, 7s, ’85
lstmoit., 7s, 1885
Coupon gold, 7s, 1902...
Reg., gold, 7s, 1902
iis
107*2
94*2
i*07*2
126
126
Sinking fund, 6s, 1929.. U10*2
Sinking fund, reg
Sinking fund. 5s, 1929.. ioo* 101**
au.iV4i
Alii
reg
95
110
103
Chicago & Mil.—1st
in..
2d inort.,
m.
120
118
112
4109
120*2
7s, 1907
Mil.& Mad.—1st,6s,1905 4
C. C. C.& lnd’8— 1st, 7 s,8. f. 4124*4
Consol, mort., 7s, 1914..
C St.L.&N.O.-Ten.lien,7s iis**
115
lstm., con., 7s, 1897
99 34
C. St. P.M.& O.—Cons., 6s
C.St.P.&M.—Ist.Os, 1918 112
No. Wise.—1st, Gs, 1930.
St.P.&S.C.—1st, 68,1919
ii2*4
Chic.& E.lll.—1st,s.f.,cur. 4103
Col.& Green.—1st,Gs,1916
491"
ioo 4
110
2d, 6s. 1926
Moiris & Essex—1st m. 133*2
2d mort., 1891
115
Bonds, 78,1900
4110
7s of 1871-1901
122*2
lstm..consol., guar.,7s
Del.&H.C.—lstm v,7s,1884 105
1st mort., 7s, 1891
11334
1st mort., ext., 7s, 1891. 4113
lstmoit., coup., 7s, ’94. 4116*2
1st mort., reg., 7s. ’94... 4
1st, Pa. Div., cp.,7s,1917
Reg., 7s, 1917
& Susq.—1st iu., 7s
2d mort., 7s, 1885
1st,cons., guar.7s,190G
liens. & Sar.—1st, coup.
Alb.
......
*
Prices nominal.
2d mort., 7s.
111
115
*90*
80
104
82
107
gold, 1883.
Manhat.B’ch Co.—7s,1899
N.Y.& M.B’h-lst,7s,’97
Marietta & Cin.—1st, 7s..
1 st mort., sterling
Metrop’lit'n El.—1st,1908
2d mort., 6s, 1899
125
Micli.Cent.—Con.,7 s, 1902
1st mort., 8s, 1882, s. f..
118
Equipm’nt bonds, 8s,’83
100*2
6s, 1909
.Coupon, 5s, 1931
Registered, 5s, 1931
125*2
......
......
Jack. Lan.& S—6s, 1891
112*2
125
106
......
......
118
i‘i3
129
ii*6"
108
123*2
102
i28*
1*3*6*
125
127
130
126
„
Den.Div.,68,as8’d,’99
1919...
7s, ’95.
10234 103
118*2 119
118*2
121*2
97 *2
90
104
Pennsylvania RR—
Pa. Co’s guar. 4*281st c.
Registered, 1921
100
ioi"
105
109*2
57
Pitts.Ft. W. & Ch.—1st
m
109
103
1*0*5 **
1st, Tr’t Co. ctfs., ass’tl
2d, Tr’t Co. ctfs., ass’d
1st,Tr’t Co.etfs.,suppl.
St, L. V. &T. H.—1 st,g.,7s
i05**2
110
1037e
100*y 10034
114*8
....
120*4
105
Trust Co. certificates...
Roch.A Pitt.—1st,6s,1921
Rieh.& All’g.—1st,7s, 1920
Ri ch. & Dan v.—Con s, g., 6s.
Atl. &Cli.—1st,p.,7s,1897
98
......
113
134*2
N. Y. C. & H.—1st m.,cp. 134
1st mort., reg., 1903 .. 4134
Huds. R.—7s, 2d, s. f.,’85 110
Canada So.—1st, int. gu
94 »4
Harlem—1st m., 7s, cp..
1st mort., 7s, reg.,1900 4132
Ala. Cent,.—Inc. 6s, 1918.
Atl. & Pac.—Inc., 1910..
Central of N. J.—1908....
101
Chic.St.L.&N.O.-2d,1907
Col. Chic.&I.C.—Inc.7s,’90
*63* **68*
2d mort., 7s, 1897
Arkansas Br.—1st mort.
Cairo & Fulton—1st m..
Cairo Ark. & T.—1st ni.
Gen.c.r’y&l.g.,5s,1931..
St.L. Alton & T. II.—1st in.
2d mort., pref., 7s, 1894.
2d mort., income, 7s, ’94
Belleville&S.Ill.—1st in.
St.P.Minn.& Mail.—1st,7s
Chic.St.P.&M.—L.g.inc.Gs
1907
M&Ft.D.—1st,Inc.,6s
E.T.Va.&G.—Inc.,6s,1931
108*2 10S78 Eliz.C.&No.—2dlnc.,1970
103
103*2 G’ Bay W.& St.P.— 2d,Inc.
4100
lnd.Bl.&West.—Inc.,1919
4100
Ind sDec.&Spr’d—2d inc.
Chic. & E. III.—Inc.,
109*2 110
Des
no
109
*98
490
Trust Co. certificates...
Int. & Gt. North.—2d Inc.
2d assented, 6s, 1909—
......
106*2
100
104
105
“
7s, ’99
Sand’ky Div.—Inc., 1920
Laf.Bl.&Mun.—Inc.7s,'99
Lake E. &W.—Inc.
91*a
4....
pref. debentures
4th pref. debentures—
3d
N.Y.LakeE.&W.—Inc.Gs.
N.Y.P.& O.—lstinc.ac.5-7
N.O. M.& Tex.—Deb.scriii
Ohio Cent.—Income, 1920
104*2
......
*69*4
68
59
60
85
Min’l Div.—Inc. 7s,1921
Ohio So.—2d Inc., 6s,1921
Ogdensb.&L.C.—Inc.1920
99*2
Peoria D. & Ev.—Incomes
98
Evausv. Div.—Inc.,1920
139*2 Rocli. & Pitts.—Inc., 1921
1*37
S.
J
r
I
Caro.R’y.—Inc.,6s,1931
99
1st, 78, pret.. int. accum.
2d, Gs, int. acc’mulative
i*30*‘
1*1*8* *
f
42
St. Louis I. Mt. & So.—
86
St’gi.&R’y—Ser.B.,inc.’94
Plain Income 6s, 1896..
Sterling Mtn. R’y Inc.,’95
120
118
118
Sfc-L.A.&T.H.—Div. b’uds
Tol.Del.& B.—Inc.Gs,1910
115
422
Dayton Div.—6s, 1910..
420
50
60
23*3
Tex.&St.L.—L.g.,inc.l920
94
Miscellaneous List.
90 34
91
100
94 34
94**8
104*8 106
Stock
Car. Central—1st, 6s, 1923
102
ir
Cent.
109
109
109*2
*8*5 *
116
106
99
*2
122
109
101
123
no
7s.
.
2d mort
Mem pli. & C bar.—1 st .con s.
1st, consol., Tenn. lien..
7s.
Miss. Central—1st m.,
2d mort., 8s
N. O. & Jackson—1st,
8s.
Certificate, 2d mort., 8s.
N.Y.&G’nw’d L.—1st,7s,n
_
8634
873,
85 *t
86
95
|
112
—
m.,
Long Island—1st mort..
_
Tol.P.&W.—1st, 78,1917
493
Iowa Div.—Gs, 1921
Iud’polis Div.—Gs, 1921
Detroit Div.—Gs, 1921..
1
Cairo Div.—5s, 1931
Wabash—Mort. 7s of ’09 4
Ga.—Consol,
81
95
115
125
Y
40*3
110
109*2
99*2
82*4
100
118
Stock
104
Cin.Ind.St. L.&C.—lst.Gs 1102
82*2 90
Galv.H.& Hen.—7s, g.,’71
126
tl22
Georgia Railroad—7s
no
1108
Gs
85
87
Kansas* Neb.—1st mort..
31
27
2d mort
i
116
112
109^ 10934
108 34
L
(Brolcer's Quotations.)
40
Va. State—New 10-40s...
Atl. & Gulf—Consol.7s,’97 1108
Atl.& Charlotte—1st, 7s.. 109
98
Income, 6s
105*4 10534
Gs, 1909
107
Dakota Ext.—6s, 1910.. 4105
St. P. & Dul.—lst,5s,1931 1100
100
499
So. Car’a R’y—1st,6s, 1920
92
2d, 6s, 1921
Tex.Cen.—1st,s.f.,7 s, 1909 tio’7*4 108
94
Tol. Del. & Bur.—Main. Gs
90
1st, Dayt. Div., Gs, 1910
1st, Ter’l trust, Gs, 1910
Gs
90
54
475
Mil. L. S. & W.—Incomes.
Mob. & O.—1st pref.deben.
2d pref. debentures
104
70
84 34 84 78
498
490
490
Lehigh & W.B.Coal—1888
2d mort.,
W. St. L. & P.—Gen. m.,
Chic. Div.—5s, 1910
liav. Div.—Gs, 1910
105
Cent. Ia.—Coup.deb.certs.
••••••
^
......
-Yi
—
Scioto Val.—1st. cons., 7s.
St. Louis & I. Mount.—1st
**9*7"
4 No price
123
122
guar.,
Inc., 1900
101
111
105
116 *2 11634
7s, 1898.
Pits.B’d.&B.—1st,6s,1931
Rome W.&Og.—Con., 1st.
in.,
105 *i 107
(Interest payable if earned.)
2d mort., 7s, 1898
2d
118
no
113
100
99
123
118
INCOME BONDS.
132*2
mort., 7s, 1912
133
4130
mort, 7s, 1912
128
Clev.&Pittsb.—Cons.,s.f 127
4th mort., Gs, 1892....
1*02*'
♦
106
100
114
2d
3d
Col. Ch.& I. C.—1st, cons
2d con., 7s, 1909
106
no
Telegraph—7 s, 1904
Spring VaL W.W.—1st, 6s
Oregon RR.&Nav.—1st,6s
10334
il*334
Income & I’d gr., reg.
101*2
96
107
105
1st, 6s, Peirce C. & O.
Equipment, 7s, 1895..
Naples—1st,7s
St.L.K.C.&N.—R.e.,7s 4105
Om.Div.—1st mort., 7s 4112*2
Clarinda Br.—6s, 1919
93
St. Clias. Br.—1st, 6s.. t
96
No. Missouri—1st, 7s.
120
Weat.U. Tel.—1900, coup. 117*8
117
91*2
1900, reg
N. W.
1st,Rio G.Div.,6s,1930
103
ib*334
Han.&
A
122
Mo. Pac.—1st consol., 6s 10034 100 7*
11134
3d mortgage, 7s, 1906. 111
106
Pacific of Mo.—1st, 6s
110
2d mort., 7a, 1891
St. L.& S.F.—2d, 6s, cl.A 4100*2
89
3-6s, class C, 1906
90
3-6s, class B, 1906
So. Pacific of Mo.—1st m
Tex. & Pac.—1st,68,1905
ho
107
.
913s
Collateral trust, 6s.... 41*06**
lians. Pac.—1st, 6s,’95
1st m., 6s, 1896
109
1st, St. L. Div., 7s, 1889 4
7s, ’93.
Equipm’t bonds,7s, ’83
Consol., conv., 7s,1907 103
Gt. West.—1st, 7s, ’88. 4106*4
2d mort., 7s. 1893
Q. & T.—1st, 7s, 1890. 4106
I11.&S.I.—1st, 7s, 1882
2d mort.. ext.,
**97**
Consol., 6s, 1905
12134
907fc
W. St. L. & P. —Continued—
Tol. & W.—1st, ext., 7s
..
113
Morgan’s La.&Te.x,lst,Gs
NaslaChat.&St.L—1st, 7s 1*15*4 115*4
2d, 6s, 1901
N. Y. Central—6s, 1883
10‘2-e 103*2,
4108
6s, 1887
;102*2
6s, real estate, 1883
6s, subscription, 1833.. 4102*2
1 And accrued interest.
Sinking funds, 8s, ’93
Registered 8s, 1893...
Extens’n, 1st, 7s, 1909
..
...
108
Collat. Trust, 6s, 1892.
Panama—S.F. sub.6s,1897
Peona Dec. & Ev.—1st, 6s
Evans. Div.,1st, 6s, 1920
Pac. RRs.—C.Pac.—G.,6s.
San Joaquin Branch..
Cal.& Oregon—1st m..
State Aid bonds,7s,’84
Land grant bonds, 6s.
West. Pac.—Bonds, 6s
So. Pac. of Cal.—1st, 6s.
Union Pacific—1st mort.
Land grants, 7s, ’87-9.
At. Jew. Co.&W.—1st,6s
Utah So.—Gen., 7s, 1909
108
Mobile & O.—New m., 6s.
.
Ohio & Miss.—Consol, s. f
Consolidated 7s, 1898...
2d consolidated, 7s,1911
1st m., Springfield Div..
Ohio Gent.—1st, 6s, 1920.
1st in., Ter’l Tr., 6s, 1920
1st Min’l Div.—6s, 1921
Ohio So.—1st M., 6s, 1921.
Funded coups.,
...
...
Pac.—G.l.gr.,lstcou.6s
Registered 6s, 1921
N. O. Pac.—1st, 6s,g.,1920
N orf. & W.—G. l.m., 6 s, 1931
Atch.C.&P.-lst,6s,1905
_____
......
N.
1st cons., 6s,
ioo"
Mil.&No.—1st, 4-5-0s, 1910
100
Mil. L.S.&W.—1st 6s, 1921
Minn.&St.L.—1st 7s,1927 4114*2
Iowa Ex.—1st, 7s, 1909. 4111*2
2d mort, 7s, 1891
S’thw. Ex.—1st, 7s,1910 108
98
Pac. Ex.—1st, Os, 1921.
82*2 CO ri :?
Mo. K. & T.—Gen.,con., 6s
Cons., assented, 1904-6. 103*2
69 34
2d mort., income, 1911..
H. & Cent. Mo.—1st,’90. 108
138
116*2!
1906 116
N.Y.Pa.&O.—Pr.l’n,0s,’95
75
80
N.Y.C.&N.—Gen.,6s,1910
N.Y.& New Eng.—1st, 7s. 114
1st m., 6s, 1905
107*2
101
Nevada Cent.—1st in., 6s.
Cent. Br. U. Pac.—1st,6s
90
Br’cli—7s, 1907 4109
N.O.&Mob.—lst,6s,3 930
E. H. & N.—1st, 6s, 1919 4 ioo"
Gen’l mort., 6s, 1930.. 300*2
Pensacola Div—6s,1920
St. L. Div.—1st, 6s, 1921 103"
50
‘2d mort., 3s, 1980
Nashv. & Dec.—1st, 7s.
S.& N.Ala.—S.f.,68,1910
Leban’n-Knox.—6s, 1931 101*4
L. Erie &W.—1st, 6s,1919
Sandusky Div., 6s, 1919. '*93*
Laf. B1.& M.- 1st, 6s, 1919 102
Cecilian
110
134
1st mort., reg., 1921
134
Denv. & RioGr.—lst,1900'4114*2 115*4
104
104*4
1st, consol., 7s, 1910
Denv. So.P.& Pac.—1st, 7s 102
..
Lake Snore & Mich. S.—
Mich. So. & N.I. s.fd. 7s
Cleve. & Tol.—Sink.Id..
New bonds, 7s, 3886..
Cleve. P. & Ash.-7s
Buff. & Erie—Newhds.
Buff. & State Line- 7s..
Kal. & W. Pigeon—1st.
Det,M.& T.—1st,7s,1906
Lake Shore—Div. bonds
Consol., coup., 1st., 7s
Consol., reg., 1st. 7s...
Consol., coup., 2d, 7s..
Consol., reg., 2d, 7s ...
Louisv..& N.—Cons,78,’9S
i*30**
Svr.Bing.&N.Y.—1st,7s 4124
107*4
small
registered
SECURITIES.
Oregou&Cal.—1st,6s,1921
107
Ind.Bl.&W.—1st, pref.,7s
1st mort., 3-4-5-63, 3 909
2d mort., 3 4 5-6s, 3909.
10G
97
Dei. L. & w.—7s, conv. ’92
Mcrt. 7s, 1907
96*2
115
104
109
93
in.
Louisv.N.Alb.&O.—lst,6s
IOI AllUO
Winona & St. P.—1st
78
95
109
11534 Indianap.D &Spr.—1st,7s
11434 115
2d, 5s, 1911
116*2 Int.&Gt.No.—1st, 68 gold
1st, 7s, I.& D. Ext.,1908 115
8, W. Div., 1st, 6s, 1909. 1105
94
1st, 6s, La.& Dav., 1910.
IstS. Minn.Div.,Gs,1910 1103
lstm., H. & D., 7s, 1910
C'h.& Pac. Div., 6s, 1910
Peninsula—1st m., conv.
Do
Do
N. Y. Elev’d—1st, 7s.
7s 107*2 107 7t
7s 4111
1*2*5*'
2d, consol., main line, 8s
2d, Waco & N., 8s, 1915
ioi"
4
Gen. mort., 6s, 1921
Ill.Cent,—Dub.& S. C., 1st
il5*
Dub. & S. C., 2d Div., 7s
....
Sinking fund,
Registered
Funding 5s, 1899
MISCELLANEOUS
..
Consolidated 6s, 1911...
Houston & Texas Cent.—
104
103
126 *4
103
Consol. 7s, 1905
2d mort., 7s, 1884
Small bonds
68, coupon, 1893-99
Va.&Ga.—l8t7s,1900 4115
16*4
3-65s. 1924
Rhode Island-
Coupon, 68, 1909
Adjustment, 7s, 1903... io*7*‘ ids'4
Len.&W B.—Con.g’d.as. 108
Kent’ky Cen.—M..6s.l911
Am. D’k & Ini.—5s, 1921
C. M. & St. P.-3 st,8s,P.D.
2dm., 7 3-10, P. D., 1898
68, deferred
District of Columbia—
4s, 1910
68, 1886
2d, consol., fd. cp., 5s.
104
6s, gold, series A, 1908.
6s, gold, ser. B, int. def.
6s, currency, int. def ...
Chicago & Alton—1st m..
Income 7s, 1883
Sinking fund, 6s, 1903..
class 2
class 3
Do
Do
101
Eliz.C.&N.—S.F.,deb.c.6s
1st mortgage, Os, 1920
Erie—1st mort., extended. 125 34
2d mort., ext’d 5s, 1919. 107 *a
107
3d mort., 7s, 1883
4tli mort., ext’d. 5s, 1920
5th mort., ext., 7s, 1888.
130*4
1st,consol., gold, 78,1920 130
Long Dock bonds,7s, ’93 4116
112*2
Central Iowa—1st, 7s. ’99
Clieasp. & O.—Pur. m’v
1868-1898.
bonds, J.&J., ’02-8
Special tax, class 1, ’98-9
101
1st cons. 5s
Divisional 5s, 1930
Railroad Bonds.
Bost. H. & E.—1st mort..
Bur. Ced. R.& No.—1 st, 5s
Minn.& St. L.—lst;7s,gu
Iowa C.& West.—1st, 7s
6s, new, 1892-8-1900
6s, new series, 1914
Virginia—6s, old
6s, new, 1866
6s, new, 1867
6s, consol, bonds
6s, ex-matured coupon..
6s, consol., 2d series
/
E.T.
(Stock Exchange Prices.1
Ala. Central—1st, 6s, 1918
Atcli. T. & S. Fe—4 *2,1920
Atl’c & Pac.—Ist.Os, 1910
off, J.&J.
off, A.&O.
Do
A.&O
Chatham RR
6s,
6s,
6s,
6s,
68,
■118
coup,
coup,
Do
New
111 *4
111*2
114
gold, reg., 1887
gold, coup., 1887
loan, 1883
loan, 1891
loan, 1892
6s, loan, 1893
105
68, Act Mar. 23,1869 )
non-fundable, 1888..)
Brown consol’n 6s, 1893
Tennessee—68, old, 1892-8
Funding act, 1866-1900.
New York—
Georgia—6s, 1886
7 s,
'87.
do
Do
106*2
109*2
Ask.
South Carolina-
A.&O
Do
Do
Do
Bid.
SECURITIES.
Ask.
6s, old, A.&O.
No. Carolina RR., J.&J.
Missouri—
1900
Bid.
N. Carolina—6s, old, J.&J.
7s, 1890
83*2
and miscellaneous securities.
SECURITIES.
6871883
82*2
80
Class A, 2 to 5, small....
Class B, 5s, 190p..
Class C, 48.190b *
7s, Memi). & L.Rock
7s L.R.P.B.&N.O.
Ask.
Michigan—
■*tiSCsto 5.1908....
6s, 10-208,
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
171
CHRONICLE.
1
*9*6
104
Friday—these are latest quotations made this
2d mort
Northeast. ,S.C.—1st m.,8s
2d mort., 8s
St. Joseph* Pac.—1st m.
2d mort
St. Jos. & West’n—Stock.
Southw. Ga.—Conv. 7 s, ’80
Stock
Tex. & St. L.—1st, Os,1910
Western, N. C.—1st. 7s...
Wis.Cent.—1st series, new
2d series, new
108
no
113
101
107
107
116
50
11
126
116
112
114
115
105
110
no
120
55
14
______
89
91
33
13
38
120
143b
75
*85
78
**8*6'*
48
49
week.
■Y'Y,
CHRONICLE.
THE
m
New fork Local
[Vor,. XXXIV.
(Quotations in Boston, Philadelphia and Baltimore.
Securities.
Iusurance Stock List.
Bid
SECURITIES.
Bank Stock [List.
Ask.
BOSTON.
Companies.
Marked thus (*)
Par.
arc
LOU
100
100
America*
Am. Exchange
Bowery
Broadwav
£5
;.
2o
100
100
25
100
25
100
100
100
100
25
25
Butchers’ & Drov’rs’
Central
Chase
Chatham
Chemica'
:
Citizens’
City
Commerce
Continental
Corn Exchange*
East River
Eleventh Ward*
Fifth
Fifth Avenue1*
First
Fourth
100
100
100
100
30
5U
Fulton
Gallatin
75
100
100
25
100
100
50
50
100
German American*.
German Exchange*.
Germania*
Greenwich*
Hanover
Imp. and Traders’...
Irving
7
Island City*
Leather Manul’trs’.
Manhattan*
50
Market
Mechanics’
100
25
50
25
100
50
50
100
100
,
...
•
.
.
.
•
•
.
.
.
.
.
1
|
.
.
•
•
•
.
.
.
•
•
1
.
120.
i
....
;
....
1!
...
....
150
llvi
105
104
151
122
Citizens’
City
Clinton
Columbia
1 Commercial
! Continental
Eagle
....
•
Broadway
Brooklyn.
.
.
170
Bowery
•
..
i
Empire City
Exchange
Farragut
Firemen’s
Firemen’s Trust
Franklin* Emp....
German-American..
Germania
....
•
...
•
•
•
....
•
•
•
•
•
..
.
.
....
132% 125
Globe
•
.
.
ics
93
Greenwich
....
Hamilton
Hanover
Hoffman
....
....
....
....
133
230
131
—
Mercantile
Merchants’
Merchants’ Excli’ge
Metropolis*
Metropolitan
.
importers’ * Tr’d’rs
Irving
Jefferson
Kings County
.
,
...
(Bkn.)
Knickerbocker
....
Mount Morris*
•
Nassau*
New York
New York County...
N. Y. Nat’l Exch’ge.
Ninth
North America*
North River*
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
Pacific*
Park
People’s*
Phenix
Produce*
Republic
8t. Nicholas
Seventh Ward
8econd
Shoe and Leather.
»'*
100
100
100
100
100
100
70
30
Murray Hill*
.
Sixth
State of New York..
Third
Tradesmen’s
Union
United States
West Side*
150
’.45
iCO
Lafayette (Br’klyn).
150
T.amar
Lenox
Long Island
....
...
....
119
128
95
.
.
....
•
•
....
•
....
.
.
....
143
•
••
•
.
.
•
Nassau
....
.
120
....
1100
....
j 108
...
1150
161
159
|
i02
119
100
Phenix
•
•
•
•
•
Relief
•
Republic
...
....
•
Rutgers’
•
124%
.
•
Standard..;
Star
•
121
•
.
•
Sterling
8tuyvesant
•
Tradesmen’s
United States
Westchester
100
Williamsburg City..
....
105
i
130
100
70
70
180
105
198
120
185
112
150
75
75
140
115
55
125
75
125
115
250
,
B rookly n Gas Ligh t Co
;91
160
125
300
70
130
155
85
152
115
08
70
150
210
60
116
75
so
no
65
135
10
i45
155
80
125
118
100
.120
140
I110
SO
80
195
no
210
120
190
110
155
85
H5
155
125
00
05
Citizens’Gas Co (Bklvn)
do
bonds
Harlem
Jersey City & Hoboken
Manhattan
Be etropolitan
do
100
500
100
Mutual, N. \
bonds
Hassau. Brooklyn
do
Va.
100
10
scrip
jj0W T0rk
People's (Brooklyn)
Bonds
1,000
Bonds..,
Central or New York
Var.
50
50
Williamsburg
do
bonds
do
’82
M.& S.
700,000
4,000,000
1,000,000
875,000
125,000
406,000
1,000,000
!05
93
160
225
170
105
M.&N.
M.&N.
J. & J.
M.&N.
Var.
F .& A.
90
130
120
200
Quar,
...
100
100
1,000,000 M. &N.
3,000,000
750,000 M. &N
100
|1,501,000!
bonds
Fulton Municipal
118
65
210
no
Broadway & Seventh
Av- St’k
1st mortgage
Brooklyn City—Stock
1st mortgage
100
J. & J.
J. & J.
1,000
900,000
094,000
K. 7-> 0 0 00 0
1,500,000
10
2,000,000
Q-F.
1,000
100
Broadway (Brooklyn)—Stock
Brooklyn Crosstown.—St’k
..
..
1st mortgage bonds
100
100
Bushwlck Av. (B’klyn)—Stock.
Central Pk. N. & E. Kiv.—Stock
Consolidated mort. bonds....
1,000
Christopher & Tenth St.—Stock
100
Bonds
1,000
100
Dry Dock E.B.&Batt’ry—Stock
1st
mortgage, consolidated
Eighth Avenue—Stock
..
mortgage
1,000
42d St. & Grand St. Ferry—St’k
100
1st mortgage
1,000
100
Central Cross Town—Stock
1st mortgage
1,000
100
Houst.West St.& Pav.F’y—St’k
1st mortgage
500
1st
100
1st mortgage
203,000 J. & J.
748,000 M. AN.
236,000 A.&O.
600,000
200,000 M.&N.
250,000
500,000
1,199,500
150,000
1,050,000
500&C
200,000
100
750,000
1,000
500,000
j.
& .T.
J.&J.
A.&O.
M.&N.
M.& 8.
M.&N.
J. & J.
100
2,000,000 Q-F.
1,000 2,000,000 J. & J.
..
100
1.000
ookitaa •how* last dividend
1,000,000 Q—J.
1,000
1,000
Consol, convertible
Extension..
Sixth Avenue—Stock
1st mortgage
Third Avenue—Stock
1st mortgage
Twenty-third Street—Stock.
1,800,000 Q-L
1,200,000 J. & D.
650,000 F.A A.
250,000 J. & J.
1,200,000 Q-F.
500&C
900,000 J. &D.
100
Second Avenue—Stock
8d mortgage
J. & D.
200,000 Q-J
400,000 Q.-J.'
300.000 J.&J.
500,000 J. & J.
1,000
100
100
Q-J.
300,000 M.&N
1,000
on
33%
137
23
93
pref.... x
600,000 F.&A.
250.000 M.& N.
’S2 24
7
J’lv.iooui J13
2% Jan., ’-2 147
%
90
84 k
64
common.
Iowa Falls & Sioux Ciiy
Lltue Rock* Fort Smith
...
Lawrence....
Mar. Hough. & Oat
Mar. floagh. & Oat., pref.. x
Nahsua& Lowell...............
New York & New England...
Northern of N. Hampshire...
Norwich & Worcester
. .
Ogdensb.&
L.Champlain ...
B
do
pref..
Manchester &
165
55
111
June ’84 104
200
J
Nov., ’8 * 102
3
Jan.. *82 170
2
1882
150
7
1S88
102
2% ^Ten., ’82 120
2
Jan., ’82 135
Dec. 1002 118
7
2% Feb.. ’82 95
7
1898
100
4
Feb., ’82 230
7
^une, ’93(135
3
Jan., *82 200
7
Jan.. ’81 100
6
Nov., ’81 200
7
Apr., ’93 no
65
7
NOV.1904 105
\
00
7
July. ’94 105
4
Jan., ’82 145
7
Apr., ’85 103
7
Dct., ’80 109
7
Sept. ’83 145
5
Oct., •81 200
7
July, *00 110
5
Fe>. '82 200
7
July, ’001109
4
Feb , ’81 150
7
May "‘3 110
7
3% Feb., ’82
do
5s, reg.,
do
5s, new,
1882-1892.
....
reg.,1892-190-2
#
9
55
10*
124%
125
116
111
151
110
270
11j
115
155
ns
stock*, but the date of maturity bonds.
103%
95% 05k
115
105
po
do
53,’ 920
Phlla. Newt’n & N.Y.. 1st ni.
Phil.* R. 1st in.6s,ex.due 19i0 110
do
1910
do
do
2d m., 7s, cp..9S.
do
cons. m..7s,cp., 1911
113
do cons.m.6s,g.iRC191]
do im|).m.,63,g„ 0.1S«:
do gen. m. 6i, g.,C.lf0’
97
do In. m.,7s,coup.,’.896
do d b. coup., l"03*...
64
ro <lo
c mp.
in. <off, 1893
82
do scrip, 1882..
i05%
120
125%
100
[00
65
7s, It. C., 1893’
74
7s, coup, off,’93
Phil.&Ii.Coal&lr’n deh.78.92*>
do
conv.
75
do
deb. 7s.
do
cps.ofl.
65
7s. 1892-3
••••
Phlla. Wllra.* Balt,6s,’84.... •••
Pltts.Cln.&St. L. 7e, cou., 1900, ••• •
do
do
7s, reg., IMn •••
131
121
Camden &
Atlantic
ao
do
19
35
40
Huntingdon & Broad Top...
do
do pref.
Lehigh Valley
do
62
50
61
20
55
55
pref
com....
62k
I
..
....
64
!
61%
15%
31%
186
do
do
pref.
180
United N. J. Companies
WeBt Chester consol, pref....
37
West Jersey
17
32
..
RAILROAD BONDS.
to,^uap,’3c 100
!?/'
107
mort. 6s. ’89
*13%
Cam. * Atl. 1st m. 7s. g., 1893
do
2d m. cur. 7s, 1879.. 105
do
cons.. 6 p. e
• 103
Cam. * Burlington <Y».
*
In default.
’in
I
t Per share.
Morris, boat loan, reg.,
Pennsylvania 6s, coup.,
1985..
*.910..
Schuylk. Nav.lst m.6s.rg.,’97.
do
2d m. 6s, reg., 1907
BALTIMORE:.
Maryland 6s, defense, J.& J..
107
01
01
108
iie*
"Wi
108
103k
1C7
6s, exempt, 1887
107
do
6s, 1890, quarterly.. :oo
do
5s, quarterly
107%
Baltimore 6s, 1S94, quarterly
107% 109
do
6s, 1886, J.& J
H4H 116
do
do
do
do
6s, 1890, quarterly... 114
6s, park, 1890, Q.—M. 117
6s, 1893, M.* S
122
68,exempt,’43.M.&S
OB|UAvIUl/t|
do
do
do
Balt.* Ohio..
117
128
100 105
200
1st
RAILROAD
pref...
do
do
6s, 1886
Lehigh Navlga. m..6a, reg.,’84 117
do
mort. ltR., rg .’97
do cons. m.7s, rg.,19l!
124
pref ....
120
do
2d pref
200
do
Wash. Branch. 100
0
do
Farkersb’g Br. .50
Northern Central..
50 40%
12
50 46
180% Western Maryland
Central Ohio, common. ...50
10
Plttsbu g & Co'^nellsvllle..
165
.
lit
Ches. & Del.. 1st m.,
co
Allegheny Val.,7 8-lOs, 1896... 120% 121
do
7s, E. ext., 1910 110
do
Inc. 7s, end.,’91. 55
*50
Bolvldere Dela. 1st in.,6s,1902. 118
do
2dm. 6s.’83.. 107
do
3d m. 6s, ’37.. 103% 107
Camden * Am a
112%
__
CANAL STOCKS.
do
0s, 1909
0s, 1900, Q —J.
129
68.1902, J. & J
120% 121%
5s,
19i6,
new
..
05
127
8s
Norfolk
water,
«1%
Par.
RAILROAD STOCKS.
25
Jersey* Atlantic
8chuylklllNavigation....
cons.
'
15
21)
57%
Pennsylvania
1st m. 68, cp.,’96.
1st m. 7s,’99
ao
105% 106
57
{....
Pennsylvania
Pennsylvania
Philadelphia* Erie
Pnlladelplila & Reading
Philadelphia* TrentoD
Phlla.Wilming. & Baltimore
Pittsb. CIn. & 8t. Louie, com.
at. Paul & Duluth R. K. Com
West
deb.,coup.,’83
CANAL BONDS.
-
5
L8 H
Catawlssa.....
do
West Jersey 6e,
do
do
do
pref
Norristown
Norfolk & Western,
120
West Chester cons. 7s, ’91
W. Jersey & Atl. 1st m 6s, cp.
108
Western Penn. HR. 6s,cp.’93.
107
do
6s P. B.,’96.
Buffalo6 lUsal&yw
este’rn!!
V.
do
pref.
Lehigh Navigation
11b
p..
Rich.* Danv.con3.1nt.0s,19:5 •••
jShamokln V.& Fottsv.7s, mi}16
do 4s, various
railroad stocks.4
110
j?
00
115
68,10-15, reg.,li77-’82. 100%
68,15-25, reg., l882-’92.
do
do
do
North
115
70
110
19.0
m.6s,coup.,’8?
co
106
8teubenv. & Ind. 1st, 6s, 1884.' •**
Stony Creek 1st m. 7s 1907...
n3k
'95
Portland Saco & Portsmouth 139
8unb. Haz. * W.,lst m.,5s,’23. 25
140
Pullman Palace Car... .. ..
do
2d m.6s.'.938..a
25 % 20
Rutland, pref erred
x
Banbury* Erie 1st m.7s, ’97..
Revere Beach & Lynu
Syra.Gen.* Corn’g, 1st,76,1905; 106%
Vermont* Massachusetts .
Texas * Pac. 1st m.,6s, g..1905
59
Worcester & Nashua
Rio Grande Dv..
do
19
20
99
Wisconsin Central
99%
cons. m.,6e,g.,1905
do
21
35
ao
pref
do
lnc.&l. gr.,78 1915
108
PHILADELPHIA,
Union* Tltusv. 1st m. 7s. ’90.
STATE AND CITY BONDS.
United N.J. cons. m.6b,’94..
112
Warren & F. 1st m.78,’96
Penna. 5s, g’d, lnt..reg.or cp.
115
155
100
210
no
180
170
105
125
141
1*0
102
no
no
'98
4%s....
do rnort.,
Nesquehonlng Valley
27%
~
25
94
Gulf, pref
Little Schuylkill
Mlnehlll
*
J an.,
20 k
...... , .
Marq....-
106
105
Phil.Wilm.&Ba t.,4s,Tr.ceTts
Phlla. * Erie 2d m. 7s,cp.,’S8 114
do
cons. mort. 68.‘920
80
25%
it
6s. reg
o
104
145% 146
163
..
,
do
do
Perklomen 1st
168)4
do
pref.....
54
do
new pref
Delaware & Bound Brook.... 130
50
East Pennsylvania
40
Elmira & Williamsport
do
do
pref.. 58
71
Har. P. Mt. Joy & Lancaster.
■
Penn. Co
do
88
102
(New Hampshire)...
do
97
....
53
do
do
87%
x
(Mass.).
Fort Scott &
1906
\«gt
.
Sandusky & Clev....
do
r
Pennsylv.,gen. m. 6s, cp.. 1910 121
123 !.
do
gen. m. 68, rg.,1910.
do
cons. m. 6s, rg., 1905. n?%i....
do
cons. m. 6s, cp., 1905.
3TOCK&.
Fitchburg
Flint & Pere
Schuylkill, 1st in.7h,’.-2
»Norf’k*West.,gen. m.,6s.l 31
Oil Creek 1st m. 7s, coup.,’8t. 101
Pittsb. Tltusv. & B., 78, cp.,’96 94
do
Scrip
...
Pa.& N.Y.C. & RR. 7s,1896...,
Rutland 6s,1st mort
Vermont & Mass. liR., 6s. ,.
Vermont & Canada, new 8s.
Eastern
Eastern
<122
122
91
in.. 6s, 1920 ..
North. Penn. 1st m.6s, cp.,’85. 105
2d m. 7s,cp.. ’96.
do
do gen. m. 7s, cp., 1903.
do gen. m. 7s, reg., 190‘:
>05
do new loan r.s. reg
do
Concord
Connecticut River
Conn. & Pasaumpslc
Connotton Valley
•
In. n. Pac., lit
i
125%
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bleecker St. & Fult. Ferry—St’k
1st mortgage
Jjo
Little
Valley, 7s
.
115
09
yy
is*!!**
Inc.
It
Atchison & Topeka
Boston & Albany
Boston & Lowel!
Boston & Maine
Boston & Providence
Cheshire preferred
Chic. & W. Michigan
,
do
do reg., 1899...
do 2 i m. 78, reg., 1910..
do
con. m., 6s,rg.,1923 121
do
do
6s,'p.,19.3
87
4s. reg., 1894-1904
Philadelphia, 5s reg.......; •
do 6s,n.,rg., prior to 9?
1104
W’msport, let m.,7s,’80.
5s,perp....
do '
•
•
City. St. Jo.&C. B. is.
Pueblo & Ark.
OO
(Tf
K1.&
•
...
.
Cin.
1111/.
.
Little R’k & Ft. Smith,7s,1st j 11034! in
Mexican Central, 7s
107
New York & New Eng. bi
117
no
*s
New Mexico & So. Pac. 7s.
Tgdensburg & Lake Ch.6 ••
Old Colony, 7s
Old Colony,0s
let
•
iHanlsburg 1st worCJJs, ’83.. 102% 103
| H. & B. T. 1st m. 7s, gold, ’90.
o
cons. m. 5a, 1995
90
; Ithaca*.Athens 1st g d, ?s.,’&r>
1
i -1 unci Ion 1st mort. 6s, ’82
1
I
do
2d mort. 6s. 1900 ...I 115
120
?t>, 189 (.
do
1JL U
/
jEastjn * Amboy, 5s
60
no
95
170
230
172
109
100
105
64
96
35
107
95
70
76
1,000 1,000,000 A.& O.
Metropolitan, Brooklyn
Municipal
78
81
’81
1,000,000 F.* A
5,000,000 Quar.
1,000 1,000,000 F.& A.
25 1,000,000
Var
bonds
do
2,500,000
113
x55
Kwh.
t
k-j dev
I
Quii.cy 4a.,.
& PasHumpsic,
iie'%
1900
123%
7s
AlimnyTs
Old Colony............
Bid. Ash
2,000,000 Var.
20 1,200,000
Var.
1,000
815,000 A.& U.
F.&
50 1,850.000
A.
20
750,000 ■J.& J.
50 4,000,000 J.& J.
n.
7s
new
j Charters Val., 1st m.Ts.C., 1901
95
30
..
90
Ci.nnott.ii Val ey.7s
. ..
108J4.T09
eastern, Mass., 4^s, new. ..
Fitchburg HR., 6a
do
7a
Fort Scott & Gulf 7s
0:
iitirtford & Erie 7s........ ..
BL. Cltv Lawrence & So. 48..*
.....
City Railroad Stocks and Bonds.
Par.
income
Chicago Burl. &
(Gaa Quotations oy weorge H. Prentiss, Broker, 1? Wall Street. ]
Gas Companies.
93
6s.
6s
do
ooston & Lowell 7s
d>
6s
'oston & Providence 7s
;url. & Mo., land grant7s....
do
' Nebr. 6a
Lx
do
Nebr. 6a
Nebr. Is
do
125
94
113
120
•
,
-
lesion a
(P
Gas and
o
o
[Connecting 6s, 1900-1904
Boston & Maine
250
3^0
: 93
155
35
100
100
100
50
25
25
100
20
50
50
50
100
25
50
100
100
25
25
25
10
50
Park
Peter
....
95
240
22 )
85
ICO
118
90
105
1 >5
185
150
120
270
05
120
1?,0
70
145
105
00
6)
145
100
53
l< 8
05
70
105
00
120
95
140
>145
I 70
117
37t, i no
Cooper
People’s
....
155
110
225
200
2.-0
ieo
U5
150
60
'113
..
I
...
145
10)
210
175
190
150
!20
140
50
(Brooklyn)..
National
New York Equitable
New York Fire
New York & Boston.
New York City
Niagara
North River
Pacific
...
.
(B’klyn)
Lorillard
Manufac’rs’ & Build.
Manhattan
Mech. * Traders’...
Mechanics’ (B’klyn).
Mercantile
Merchants’
Montauk (Brooklyn)
.
100
167
•
100
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
Howard
....
105
xl35
•
50
50
Home
...
inn
Mechanics’ Assoc’n.
Mechanics’ & Tr’drs’
50
100
25
25
IV
20
70
100
30
50
100
40
100
b0
60
i<
10
100
100
50
50
25
100
American
American Exchange
.
.
.
Atlantic &■ Paclfl
<
j
150
124
Ask.
Bid.
Ask.
A sk.
.
•
land lac. 3s-.
do
Par.
Companies.
1
Bid
not National.
\teb. & Topeka 1st m.78
do
land gra nt It
Price.
Price.
Bid.
sKCDTUTlKft.
jCatawlssa 1st,7s, ccnv.,’82...
(O
chat, m., 10s,’88
ii‘4
BONDS.
107
Balt. * Ohio 6s, 1885,A.&O.
N. W. Va. 8d m.,guar.,’85,J*J 105
Pittsb.* ConnellBV.7s,’98,J*J 120
Northern Central 6s, ’85, J&J 105
do
6s, 1900, A.*0. 116
do 6s, gld, 1900, J.&J. 113%
Cen. Ohio 6s, 1st m.,’90,M.& 8. 110
W. Md. 6s, 1st m.,gr.,’90,J.*J 115
do
1st m., 1896, J.&J...
do
2d m.,guar., J. & J — ‘1*3
do
2d m.,pref
105%
do 2d m.,gr. by W.Co.J&J 112
do On,
QO
6s. ou
3d ill.,
m., gum
.c J.*120
guar.,
., u
J.*
125
Mar. & Cln. 7s, ’92. F. * A
105%
do
2d, M. * N
do
8°, 3d. J. A J
110
Union RR. 1st, truHi-.,.J. * J
110
d»
n'I'M endorsed
j 108
Consolidated Gas
DO
'
l
87%
101U
10
5 %
15%
47
80
lot
124
100
120
114%
113
110
110
107
I1!4
12*%
ll>0
58%
3TX
February 11,
Earnings—The latest railroad earnings and the
lotals from January 1 to latest date are given below. The
itatement includes the gross earnings of all railroads from
which returns can be obtained. The columns under the head¬
ing “January 1 to latest date” furnish the gross earnings from
January 1 to, and including, the period mentioned in the
Railroad
second column:
/—Latest tamings
Week
Bur
reported.—■> ^-Jan. 1 to
1831.
1882.
latest date-*
1881.
1882.
Mo.
or
$55,534
7,756
20,467
C.Rap.&No. .4th wk Jan $78,609
7,793
22,663
8t. Louis.3d wk Jan.
Oent.Br.Un. Pac.4tli wk Jan
Cairo <fe
$252,823 $167,750
23,168
22.967
65,074
60,657
1,876,000 1,602.907
Pacific...January... 1.876,000 1,602,907
499.120
579,447
Chicago & Alton .4th wk Jan
152.434 133,555
149,588
125,456
Chic. & Hast. Ill..4th wk Jan ,40,954
34,671,
115,549
102,373
31,865
Chic.&G.Trk.Wk.end.Jau. 28
24,826 1,788,000
Ohio. Mil. »& 8t. P. 1st wk Fob 353,000
177,071 1,620,336 1,167,918
1,210,667
Chic. & Northw..January... 1,620,336 1,240,667
272,600
340,220
Chic. St.L.& N.O.January...
272,600
340,220
381,229
297,433
73.731
39.648
0hi.8t.P.Min<teO..lstwk Feb
200,042
182,523
182,523
Central
C.January...
Cincinnati South.3 wks Jan.
Clev. Akron & Col.4th wk Jan
Ool.Hock.V.& T..January...
Denver & Rio Gr 1st wk Feb
DesM.&Ft.Dodge.3d wk Jan.
Det. Lans. & No ..2d wk Jan.
Dubuque&S.City .4tli wk Jan
EastTenn. V. &G.3 wks Jan.
Flint & Pere Mar.4th wk Jan
Gr’t Western. Wk. end Jan.27
Cin. Ind.St. L.&
HannibahfcSt. Jo.2d wk Jan.
IllinoisCen. (Ill.).January...
Do
(Iowa). January...
•Indiana Bl. <te W.4th wk Jan
200,042
123.766
10.151
214,167
100.484
8,938
23,385
25,544
Lake Erie& West.4tli wk
Louisv. & Na8hv.4th
Memo. & Chari. ..4th
wk Jan
wk Jan
Memp. Pad. & No.3d wk Jan.
MILL. Sli.tfe West. 1st wk Fob
5,828
24,624
18,323
21,754
177,580
40,119
93,204
167.642
166,037
86,660
356.166
63.9 47
580.730
147,443
36,081
511.453
119,823
55.832
53,434
195,824
75.423
50.163
66.169
31,936
27.443
275,100
211.932
87,307
41,801
28.244
308,245
35,768
3,626
4th wk Jan
Long Island
32,519
198,312
333,578
19,027
32,827
580,730
117,443
Jan
76.104
214,167
592.39S
10,744
198.312
167.642
52.275
34.226
lnt.& Gt. North..4tli wk Jan
Iowa Central
Jan nary...
Minn.8t.Louis.4th wk Jan
Mo. Kans. & Tex.4th wk Jan 132,993
Missouri Paeitto .4th wk Jan 181,795
161.433
Mobile & Ohio—January...
Northern Pacific .January... 239,800
57,699
N.Y. & N. Eng I’d. 3d wk Jan.
Norfolk &, West.. .January... 153.847
23.882
4th wk Jan
Ohio Central
9,182
Ohio Southern. ...4th wk Jan
Oreg’n K. Nav.Co. Jauuary... 392.500
9,211
Pad. &Elizabetlit.3d wk Jan.
24,161
Peoria Dec. 6c Ev.4th wk Jan
41,805
Bt.L.Alt.&T.H. ..4th wk Jan
23.810
Do
(brchs).4th wk Jau
St.L.IronMt.<fe 8.4th wk Jau 153,331
63,400
St.L. &8an Fran.lstwk Feb
8t.P.Minn.&Man.4th wk Jan 124,511
11,394
Scioto Valley
4th wk Jan
50,594
.
134.581
9,547
13,723
40,521
23,253
184,180
50,800
79,716
22,504
7,045
103,988
91,378
13,201
Union Pacific ....January... 1,961,088
Wab. St. L. 6c Pac.4th wk Jan 342,046
1,339,799
239,033
Ala.Gt. Southern. December.
Bost.& N.Y.Air-L. December.
Carolina Central December.
Ches. & Ohio
November.
Chic. Burl.& Q...November.
Chic. <k W. Micii..November.
Gulf Col. & S Fe.December.
Houst.E. &W.Tex. December.
K. C. Ft. S.&Gulf.Dceember.
552,675
330.510
388,l»81
161.433
224.346
239,*00
158,362
116,508
139,154
153,847
90,s54
32,050
164.917
392.500
134.581
28.562
40,607
•
29,855
67,755
104,307
64,680
516,370
320,184
395,461
570,958
263,235
254,187
20,761
281,176
46,249
1,339,799
811.617
Jan. 1 to date
1830.
1881.
$86,912
$61,275
$787,518
$644,331
13,782
64,193
21,922
235.585
240,795
279,041
606,817
2,503,200
527,838
2,456,300
58,790
283.614
1,816.133 1,837.860 19,270,965 18,902,476
Marq. H. & OnCn.December.
Nashv. Ch.»& St.L. December.
Northern Central. December.
118,420
140,063
21,841
152,796
19,000
173,127
476,623
93.370
82,063
10,527
127,340
14,000
175.996
494,310
165,723
99.843
1,547,259
1,206,724
2,075,256
5,443,697
2,049,42*3
5,050.336
December.3,731,751 3,547,828 44,124,178 41,260,063
282,772 281,919 3,454,309 3,727,733
& Reading.December. 1,850,889
134,217 1,235,377 1,217,756
Carolina.!.December. 126,061
Pennsylvania
Philadel. & Erie..December.
Phlla.
South
•
Exchange.—Quotations for foreign exchange are as follows,
prices being the posted rates of leading bankers :
the outside
Demand.
Sixty Days.
February 10.
Prime bankers’ sterling bills on
Prime commercial
Loudon.
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen(reichmarks)—
..
4
4
4
5
84
82**®4 83
82
82*2
20
@5 17**
40*8
9478
U. S. Sub-Treasury.—The following table shows
and payments at the Sub-Treasury in this city, as
balances in the same, for ra-eh aay of the past week:
4038®
40^8
955a®
95 78
the receipts
well as the
Balances.
Payments.
Receipts.
$
1,279,580
1,750.010
1,449.339
899,540
1,211,869
1,164,102
$
■
Feb.
“
“
-
“
“
4..
6..
7..
8..
9..
10..
Total
1,212,100 86
1,515,062 18
1,061,585 59
629,295 64
53
92
99
49
39
739,403 49
637.367 05
24
Coins.—The following are
Sovereigns
Napoleons
$4 S3
3 83
X Guilders
3 94
X X Reichmarks. 4 73
Span’k Doubloons. 15 65
$
76,148,972
76,490,617
76,865,195
77,090,896
77,602,141
78,074,818
Currency.
78
26
49
77
01
32
$
4,632,149
4,525,153
4,538,630
4,583,172
4,544,391
4,598,449
52
87
04
59
25
13
quotations in gold for various coin0.
@$4 83
3
4
3
®15
®15
©
-2>
-®
88
78
97
90
65
Mex. Doubloons.. 15 50
Fine silver bars
1 !4ie® 1 I47s
Fine sold bars.
*4® *2 prem.
Dimes & ** dimes. — 99*2® par
..
Coin.
5,794,817 81
7,754,443 56
Broadway
Mercantile
Pacific
Republic
Chatham
Silver 4*9 and *29-
Five francs
Mexican dollars..
Do uncommerc’l.
—
—
—
—
99%® par.
93
39
87
@ ~
® —
'd —
@ 4
English silver
4 75
Prus. silv. thalers. — 67**®
U. S. trade dollars
U. S. silver dollars
—
—
99*4®
99 7s®
450,000
200,000
Irving
Metropolitan
95
—
90
83
xO
70
—
99 %
par
3,555.000
6,80\300
2.700.900
1,698.700
4.375,900
4.301,800
4,235.100
436,100
437,400
1.595.000
1.086,000
954,800
353.800
138,000
18.500
3,029.200
497,100
700,000
1,000,000
500,000
3,000.000
800,000
1,000,000
....
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
500,000
500,000
500,000
1,000,000
1,000,0*10
Continental
300.000
Oriental
Marine
400,000
1,500,000
2,000,000
500,000
Importers’ & Tr..
Park
Mech. Bkg. Ass’n
North River
Bast River
Fourth National.
Central Nat
Second Nation’l
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
100,000
Bowery National
N. York County..
Qerm’n Americ’n
Chase National..
Fifth Avenue....
German Exch.
Germania
U. 8. Nat
20; i,000
..
500,000
670.3X)
3.910.000
4.231.200
969.000
ll.865.000
10.040,600
0,147,200
0,563.000
2.330,500
5.374,500
3,644.000
1.414,900
2,710.000
7,953,200
3,218,200
14.070.O00
2.271.000
2,U?9. loo
508,000
5-0.200
701,000
220,100
130,000
903,700
623,700
3.091,000
330.900
295,000
083,400
281,800
077,000
404,400
2.0! 9,400
3.170.U0C
.
4.210.50C
0,149.100
7.802.000
4,130,700
6.794.000
360,000
8.202,000
8,594.0(H)
267,000
1.430.200
789,300
503,Oo<)
788, l00
469,9j(.
92.7‘j0
173,000
143,600
225:300
154.100
l'6.400
1! .900
324.000
372,4'ip
43,100
44,400
1.889,900
1.508.100
785.200
1,032,600
252,509
174,000
2,009
472,000
993.100
31,900
45,000
H.073.000
11,681.000
900.000
6.090.500
800.000
2.074..00
y.uss.ioo
3.935.0J0
l.?)-0.7 00
-•
952,900
4,790,500
1,125,300
45,000
5,400
2.066.3,J0
7,733.600
3.130,5jo
11.060,000
430,000
2.250,000
800.000
2.3V7.700
270.000
2,752, loo
2,633.000
450.000
l,5l9.?oc
450.000
3,900
3.172,6(10
450,000
2,990.0.(0
4,000
0.311,900
703,200
1.961.7oo
22ii.U0(j| 4,214,0.)o
io:L wo! 22,274.8,;o
1,3^0,000 22.070.5oc
997. Oof.
60,80) >
1,063,000
139.900
1U4 4,;jo
1.006,700
i.272,200
5,046.000
731,700
2.253,200
1.468.700
1,074,000
895,400
3,484,500
249.500 i
410,100
1.804.000
655.000
320.000
3,289.0001
429.100
6,577.loci 1,397,400,
431.700
15,214.0
619.6,10
5,712.2
106,loo!
140, lU)
1,471,300
193.000
204.500
1.710.200
1,388.800
2,934,600
3,500,900
2.409.400
147,(>oo!
242,700
20.900
1.185,Soo[
95.000
1.203,200
18.112.80C 3.701.800
877,0jo
8,402.0001
1,100
1,293,000
14,458.900
103.401,
98.100
12o.Uoo
5.560.900
4,193.600
495,000
,
220.0,)j
lOO.Ooo
33.200
882,'>00
1,178,1001
6.265,00C
923,800
292,000
232 Oqo
1.137,100
0.800.40<>
2.040.900
3.454.000
19.798.800
18.230.4oo
ft
ft
10,590,000
341,000
170,5yij
481,9oo
160,700
237,3oo
114,100
05,2oo
293,Oq()
1,022,8oo
1,387,900
2,980,400
1.425.100
4.635.200
200,000
167.300
1,012.400
3.742,400
Mon.
4S5.000
248,800
535,900
48.000
459.000
01.900
141,800
417,900
349,700
122,000
51,700
HO.Ooo
131,100
1S7,500
80,000
210.100
752.0(H)
385,500
291.400
13,541,000
300,000
200,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
ft
ft
7.837.000
7.045.600
8.070.000
4,-98.900
9.217,300
other
than U. S.
17,573. i00
8.776.000
3.794.000
6,908,800
10.832.000
6.( 82,900
1.117.300
1,588.600
1.871.300
2.554.200
5 099.800
2,004,9 0
1,880.700
45,(>0O
1,124 9 10
45.u0u
225.066
SI u,000
1.208.0 0
1.557,7(10
4,909,400
225.00#
590,0« 0
429.800
269.800
221.000
180,000
91.*00
460.000
01.162,700 3^8,852,000 68.619,900 18.843,400 316,325.900 30.089.200
Total..,
returns of previous week are as follows :
Inc.
$218,500
Inc. $53*35,500 i Net deposits
Doc. 1,735,700 I Circulation..
49.100
Inc.
Dee.
930,200 i
The deviations from
Loans and discounts
Specie
Legal tenders
The
following
the totals for a series of weeks past:
are
Specie.
Loans.
$
1882.
Jan. 7.
.319,110,400
14.... 319,554,000
“
21. ...321,071,600
$
.
Deposits.
$
L. Tenders.
$
Circulation. Agg. Clear.
$
$
61,514,000 16,678,800 299,500,W0 20,209,000 1001,448,1". 8
972.200.9 49
(55 529,200 17,574.800 307,492,600 20!l53jK)0
'
63,764,100 18,909,350 311,996,400 20,0 >1.500 9 *5,->19,567
2S....322.966,500 68,355,600 19,773,600 318,109,400 20,010,300 997.3 (2.310
4 ...338,852,000 66.6L9.900 13,343,400 316.320,900 20,039,200 1055,121,113
.
**
“
Feb.
Boston Banks.—The following are
banks for a series of weeks past:
1832.
Jan. 23..
30..
Feb. 6..
“
*
7,468,200
7,387,700
7,343,200
4,669,500
4,338,200
.4 go.
Clear
$
-
77.365.781
65.987,114
32,128,800
31,379.300
31,207,500
90,721,900
90.133,400
95,551,600
4,677,300
due to other
Including the item
*
$
$
152,563,200
152,351,900
152,263,900
Deposits.* Circulation.
L. Ten iers.
Specie.
Loans.
$
the totals of the Boston
63,097,721
banks.”
Philadelphia Banks.--The totals of the Philadelphia banks
are as
follows:
”
30
Feb. 6..
$
74,590.237
75.445,339
76,603,917
18,120,558
17.921,932
19,957,155
Agg. Clear
Deposits.
Circulation.
65,415.064
65,869.403
70,430,214
11.036.156
11,139.044
57.092,418
53.967,053
11,070,639
57,095,228
L. Tenders.
Loans.
ft
following are the prices
Unlisted
of securities that are not “ listed ” at the Stock Exchange as
Stocks and Bonds.— The
quoted at 38 New Street:
Bid. Asked
4 89*3®4 90*2
4 88
®4 88*2
4 87*2S>4 88
5 15
®5 11*4
”®4 85
40
®
94 Sg®
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich....
Leather Man’f’rs
Seventh Ward...
3tate of N. York
American Exch..
Commerce
1882.
Jan. 23
Springfield.
Including Indianapolis Decatur &
City
Tenders.
2,343.000
730.000
033.4OC
1,710.000
787,700
1.434,500
649,000
3,010.000
309,500
10,470,000
Net dept’s
Legal
Specie.
ft
$
103,988
,
310,785
76,078
1,961,088
1,229,965
42,308
104,577
71,148
34.206
109,254
1880.
1881.
45,771
50,403
Loan* ami
discounts.
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
New York
Manhattan Co..
Merchants
Mechanics’
Union
America
Phoenix
People’s
316,960
111,842
12,950
11,690
81,728
109,671
400,165
Capital.
Banks.
North America..
Hanover
104.513
tho
the
Average amount of
72,162
511,453
181,444
-66,169
105,179
950,065
101,115
New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
week ending at the commencement of business on Feb. 4.
359.478
119,328
185,650
129,066
119,688
164,917
11,453
109,254
96.808
75,129
177.580
135,379
'
87,307
23,034
4,503
6,694
14,336
107.096
147.897
224,346
116,508
16.435
32.151
South Carolina. ..January...
Texas & Pa< He.. 4tli wk Jan
Tol. Delp. & Burl.4tli wk Jan
87.750
123,766
32,022
87,750
173
CHRONICLE.
THE
lSb8. i
Am. Cable Constr. Co. *33
Am. Railway Imp. Co. *—
Boat. H. <fe E., new et’k
DO
old
178
Brush Illumiu’g Co
Buff. N.Y. & Pliila.aubs. *12
39
150
Continental Conatr.Co. 72
Central Railway Constr«: :t’n Co.(D. L.W.) *21
Cin & Georgia eubs... *34
Der.r Sc R. G..W. subs. 90
Do stock
Do bonds
73
Den.& R.G. unl’dcons. ICO1*
Denv. A N. Orleans
Edison Electric L. Co
Grand Rapids & Ind
Hud.Riv. Contract Co.100%
Intern at. Imp. Co. ex¬
bond & stock di v.... 80
Iron 8teamboat stock. 48**
Do
1st mort. bds 85
6*2
Ind. Dec. & Sp. com...
80
Mutual Un’n Tel. subs
Do
bonds.
Do
stock..
N.Y. & Scranton Cons.
North River Const. Co.
2
20
7 n *o
ioi w
89
15
101
84
84
90
9
68
16
95
*6*2
Do=
stock
88*3
69
Or^g. Short Line subs. 101*4
92-i
....
1*2
14**
90* *
69%
101%
75
40
Oreg.Traus-Con.pt. pd 70 «2
stock 38
bds-.xSk
15
Pitts. 6c Western
Rie.tfeAl.& O.Cen.subs.
50 per cent paid .... 95
Ricli.& Dau.Ter.r’ts.o, ’20
Jens. A Atlantic
Do
Do
Do
new
85**
20
95*4
26
....
7*i*‘
extern stock *65
Roch.& Pitts.RR.subs.100
58
Selma Rome & D. stock
Do
2d M., clean
Do
2d M. stamp
130
Do
incomes....
13
St. Jo. & Western
St. Jo. & Pacific 1st M 89
Do
2d M 33
Tex.St.L.RR.sb.,30 pd
Texas & Col. Imp
U. S. Electric Light Co.
Vicksb. Mer’ncom.st’k
i*
3**
3%
1%
147g
38
*
Premium.
i
*
95
114%
Va. Midland stock—
Do
income bonds 87*9
30
100
7
30%
13**
Do
com.. 13*4
Do 1st, ex J’e,’82,op
N. J. Southern
1 *4
N.Y. Sus.& West, st’ek 12*2
Ocean Nav. & Pier Co. 150
Oregon Imp. Co. 1st ex
55
13
143*
Bid. Asked*
39
*38
pref.. 30hj
Do
24
8
103
87
31
35
16
12
57
15
Do
n. is..68,fund. 102
Kan. & Neb. 1st mort. 85
27
Do
2d mort
Mid.RR.of N.J.ass.stk. 25
Do
A bonds....
Do
B bonds....
Mex. Nat. bonds
Do
stock
2*3
N. Y. Ch. & St. L. subs.
I Dlewouat.
12**
75*2
THE CHRONICLE.
174
1880-81.
Jmrjcstmcnts
Mail, &c
Net
The Investors’ Supplement contains a complete exhibit
States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It U published on the last
Saturday of every other month—viz., February, April, June,
August, October and December, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.
$583,212
707,500
earnings
565,704
$217,543
$17,507
COMPARATIVE BALANCB SHEET.
of the
Funded Debt of
$53,994
$925,044
.
Expenses
STATE, CITI AND CORPORATION FINANCES.
1879-90.
$275,737
Total
AND
ANNUAL
[Vol. XXXIV.
Assets.
Sept. 30,1880.
Cost of road and equipment
Cost of other lines owned
4,855,916
3,591,150
$50,163,807
2.000,000
0.413,803
212,999
138.S90
3,355
525.698
2,669
212,122
$60,705,271
$58,931,293
Cash and demand loans
Individual accounts
Other railroad companies
Rails, fuel and supplies on hand
$58,113,982
2,000,000
326,209
Other railroad companies
Individual accounts
Profit and loss
New York Ontario & Western.
(For the year ending September 30, 1881.)
-
Liabilities.
Capital stock, common
Capital stock, preferred
Pay rolls and accounts unpaid
REPORTS.
Sept. 30,1881.
$51,506,155
$50,819,156
2,060,010
75,673
4,877
3,938
289
5
200,853
31,581
$60,705,274
$58,931,293
report of Mr. E. F. Winslow, President, states that the
operations of the company for the fiscal year ending Sept. 30 show
St. Louis Tandalia & Terre Haute.
tne net earnings from all sources to be $217,429, an increase
(For the year ending October 31,1881.)
over the previous year of $1F9,922.
The increase of $£,294,826
This
the
in
common stock of the company is due to the settlement
road, belonging to the Pennsylvania system, is leased to
of additional claims under the agreement and plan of reorgani¬ the Terre Haute & Indianapolis at 30 per cent of the gross
zation, which at the date of the last report were involved in earnings. During the year ending October 31,1881. the gross
litigation. The increase of $1,342,347 in the “Cost of road and earnings were $1,565,515 ; thirty per cent as rental was $469,654, and the total income was $469,824. The year’s charges
equipment” is accounted for by the additional issue of
Common stock, above mentioned
$1,294,826 against this sum on interest, taxes and general expenses, were
And by cash expended for new cars, machine shops and
$349,041, leaving a surplus for the fiscal year of $120,782. This
machinery, filling trestles, and other permanent impr’m’ts.
495,377
surplus was applied to suspended taxes for 1873 and 1875, and to
$1,790,203 liquidation, in part, of balance of $201,798 to debit of profit
Less amount received from assessments on stock... $387,793
and loss, October 31, 1880, leaving still to debit of profit and
And from sales of old equipment
60,062 — 447,855 loss October 31, 1880, leaving still to debit of
profit and loss
Oct. 31, 1881, $91,018.
$1,342,347
The result to the lessee, in operating the road for the year,
“The increase ia the item, ‘Cost of other lines owned,’
The
$2,865,916, represents the expenditure for the construction of
the line between Middletown and Weehawken, and for the
purchase of the additional terminal property at Weehawken
and improvement of the same during the year." In regard to the
earnings of the road, it is proper to state that the want of an
independent line to the Hudson River connecting with the city
of New York prevents any through traffic, and, as stated in
last report, will continue to do so until such connection is
secured.”
“
*
*
*
Appreciating the importance of ample and convenient ter¬
minal facilities, it was deemed best
by
your
board to acquire
additional property at Weehawken. As the result of
tions with the adjacent land owners, the company
negotia¬
controls
river, with the improvements thereon.
also
about 7,000 feet of frontage on the Hudfeon River and an area of
two hundred and eleven acres lying between the bluff and the
There
are
one
hundred and forty acres of land on the high ground, which,
with the improvement of the terminus and the establishment
of
a
good ferry, will become valuable for
and business ”
purposes
*
*
of residence
*
At the date of the last annual meeting the
only contracts
for construction which had been} made were for the tunnels a
West Point and Weehawken. In the spring of 1881 the entire
line from Middletown to the Hudson River was placed under
“
contract.
Owing to unexpected difficulties in regard tonights
particularly along the Hudson River, the work was
considerably delayed until late in the summer, and the progress
made up to this date has been less than anticipated. The tun¬
nels are now well advanced, and the work at all points is
being
vigorously prosecuted. Track-laying will be commenced at
several points in the spring, and it is uoped the entire line will
'be opened for business during the summer.”
was as follows:
Total expenses
Loss to lessee for 1881
do
do for 1880
$281,080
19,822
Increase in loss
The directors entered into
negotiations with the New York
West Shore & Buffalo
Railway Company, which company was
engaged in the construction of a railroad from Hoboken to
Buffalo, via the west shore of the Hudson River.
The result of the negotiations was a decision on the part of
the New York West Shore & Buffalo Company to abandon the
construction of its line south of Cornwall upon conditiomthat
the companies under the control of this eompany
should con¬
solidate with it, thus forming a continuous line from Wee“
hawken to Buffalo.” * * *
“
Under the advice of counsel
agreement of consolidation
prepared, entered into for, and ratified by, the several
companies, under which perpetual use of the road from Mid¬
dletown to Weehawken is secured to the New York Ontario &
Western Railway Company for all its traffic, and for the con¬
an
was
“The decline in the freight earnings was
wholly in the local business, the loss in this branch of the traffic
having been $65,238, which was offset in part by a gain in the
through freight business of $57,710. The loss in the local
freight earnings was mainly the result of a decrease in the
average haul per ton, which in 1881 was 27 55-100 miles, and in
1880, 44 74-100 miles.” * * “In the competitive freight traffic
there was a gain in the earnings of $57,710.
This class of ton¬
nage increased 19 76-100 per cent, with a more than corres¬
ponding increase in the mileage. In consequence, however, of
the lower rates prevailing on competitive freights, the earnings
from this class of traffic were not commensurately augmented.
The results of the coal transportation were much more satisfac¬
tory than in the previous year, the earnings from this source
having increased from $130,023, in 1880, to $175,231, in 1881,
the gain being equal to 34 77-100 per cent.”
The following are statistics cf traffic and earnings for three
years past prepared for the Chronicle:
ROAI) AND
1878-9.
158
32
1879-80.
158
Passenger, mail & express cars
Freight ears
24
529
Coal ami all other
330
25
510
373
Locomotives
joint use of the double-track railway between New York
and Cornwall, including terminals and all conveniences, has
been provided for under conditions which are
just and fair
to your coirfpany and to the New York West Shore and
Buffalo Company.”
The traffic and earnings were as follows
lg80_8i
Passengers carried
Passengormiles
Tons freight carried
Ton miles
326,670
7,251,209
348,513
19,511,452
:
1879-80.
273,778
6,346,667
255,410
13,974,253
Increase
52,892
904,542
93,103
5,537,199
Per ct.
10-3
14-3
36*5
39 6
18 80-81
$180,15i
469,155
1879-80
$151,292
377,926
-
29
Operations—
Passengers carried
Passenger mileage
Rate per passenger per
202,126
272,839
12,974,97117,309,919
mile
Freight (tons) moved
Freight (tons) mileage
Average rate per ton per mile
153
32
25
984
377
305,279
19,161,449
2*566e.
2137c.
2217c.
879,007
1,066,031
991,519
86,424,189 96,514,226 107,089,535
0 931c.
1044c.
0'934c.
Earnings—
Passenger
Freight
Mail, express, &o
Total gross earnings
Operating expenses—
Maintenance of way, &c
Maintenance of equipment
Transportation expenses
General
Total operating expenses
332,912
804,842
106,860
421,886
1,008,033
122,882
424,777
1,000,505
140,233
1,244,644
1,552,801
1,565,515
322,844
301,393
301,467
24,668
297,908
382,872
400,951
25,052
454,464
442,023
448,588
950,372
1,106,783
1,376,941
1878-9.
1879-80.
1880-.81.
31,866
Net earnings
294,272
446,018
188,574
INCOME ACCOUNT, ST. LOUIS VANDALIA & TERRE HAUTE PROPER.
$
$
$
Receipts—
Rental (30 per cent of gross earnings*.
Other receipts
373,393
185
465,840
80
469,654
Total income
Disbursements—
Interest on debt
373,578
$
314,930
465,920
460,834
314,930
28,573
3,482
314,930
346,984 1118,936'
349,042
1120,782
Takes
General expenses
.
EARNINGS AND EXPENSES.
Passsengers
Freight
cars
1880-81.
ORERATIONS AND FISCAL RESULTS—LESSEE’S REPORT.
$10,000,000 of first mort¬
$2,000,000 of the capital stock of the consoli-
“A
EQUIPMENT.
Miles owned
struction of which road it will receive
gage bonds and
Lted company.
$261,257
.
The report says :
of way,
_
$1,376,940
1,095,860
;
Percentage (70) of earnings allowed therefor
Total disbursements
Balance, surplus*.
33,423
2,974
351,327
t22,251
170
32,188
1,924
The loss to the lessee on the three years’ operations was as follows:
1878-9, $79,120; 1879-80, $19,822; 1880-81, $281,080.
t The greater part of the surplus in each year has been applied to tne
debit of profit and loss, which debit hail been reduced on October 31,
1881, to $91,019.
*
February
THE CHRONICLE.
11,18fc2.]
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1879-30.
1878-9.
Ji. sscts—
$
Railroad, buildings, equipment, &c... 8,330,209
Caslionliand
.
2,070
Terre Haute A Indian. RR. rent acct
320,734
Income account
Miscellaneous items
1,550
Total assets
8,651,563
«
$
1880-81.
$
8,333.511
8,330,411
2,050
3,225
-
943
112,203
201,799
1,550
91,019
g,539,S53
8,537,413
550
notice over $525,000 of stock has been subscribed and
paid for
by the transfer and delivery of stock, bonds and debts of this
company, for which new stock has been issued. The securities
surrendered are not canceled, but are held as the
property of
the Portland & Rochester Railroad, as an assurance of its title/*
The following have been prepared for the Chronicle:
1878-79.
Miles owned
2,383,316
1,544,700
2,383,016
3,544,700
Funded debt (see Supplement)
4,499,000
4,499,000
92,190
Coupons due
Due Terre Haute & Indian. IiR..
91,875
135,672
Total liabilities
8,654,563
2,383,016
1,544,700
4,499.000
20,947
92,750
17,947
8,539,853
8,537,413
l)es Moines & Fort
Dodge Railroad.
{For the year ending December 31, 1881.)
The report of Mr. Charles E. Whitehead, the President, says
of the extensions: “With a view of obtaining increased business,
an extension of the road was projected earlv in the year, extend¬
ing from Tara, near Fort Dodge, northerly to the line of the
Chicago Milwaukee & St. Paul Railroad, a distance of about 56
miles. Twenty-six and a half miles were put under contract in
April, but a rainy season setting in, the contractors failed in
their contract, and left us in August with their grading unfin¬
ished.
We built before winter
seven
miles of the road, includ¬
ing all the difficult part of it, and have the remainder of the 26
graded, and all the material for its completion on
the ground and paid for.. This portion we expect to complete
before July 1. The expenditure made on the extension to Jan¬
uary 1, without counting the cost of any equipment, has been
$226,939, and the amount required to finish the first 26^ miles
will not probably exceed the amount originally estimated. The
remaining 30 miles has had but little grading done upon it, but
the materials are all contracted for, and some of them, costing
about $40,000, are on hand and paid for. For the purpose of
aiding the building of this extension, there were negotiated in
the European market $600,000 of 6 per cent, bonds, secured
by a mortgage on the extension, limited to $10,000 a mile, with
$2,000 a mile for equipment, the money to be advanced only as
the road is actually completed and in running order.” * * *
“At the same time the building of the extension was com¬
menced it was considered economy to replace the iron on the
main line with steel, and during the year, in addition to the
500 tons we have been accustomed to lay annually, the cost of
which is shown in the * repairs of track/ there has been laid
thirty-eight miles of 56-pound steel rail, at a net cost of $182,297.
To meet this expense there were sold at par one hundred of the
company’s 6 per cent, coupon bonds unissued, and fifty of its
income bonds at 80, thus realizing $140,000, which nearly paid
for the steel and its fixtures, the balance being paid from the
earnings.”
miles 9-10tlis
Operations
1S79-80.
1880-31.
O2
52
106,829
15,836
105,8 L7
127,886
101.873
$51,568
$30,509
81,372
94.374
9,761
17,751
$53,627
104,651
10,051
$145,701
126,450
$162,634
$168,329
$19,251
$24,729
*r>
Liabilities—
Stock, common
Stock, preferred
175
OPERATIONS AND FISCAL RESULTS.
-
Passengers carried
109,00 4
Freight (tons) moved
1
Earnings—
Passenger
Freight
Mail, express. &c
Total gross earnings
expenses (including
Oper’ng
Net
taxes)
earnings
137,905
153,293
$15,036
INCOME ACCOUNT.
Net earnings
Disbursements—
Receiver’s notes, &c
Materials in excess of previous year and miscellaneous
Total disbursements
1880-81.
s
$15,036
$6,331
4,311
$10,699
4,344
Balance, surplus
GENERAL INVESTMENT NEWS.
Atlantic & Pacific—Atchison Topeka
circular issued this week is as follows :
& Santa Fe.—The
ATCHISON TOPEKA & SANTA FE R. R. CO.
Circular to Stockholders—No. 56.
Owing to changes going on in the ownership of the stock of the St.
Louis & San Francisco Railroad Company, a suspension of the sale of
rights, under the circular of this company, dated Jan. 20, 1882, was
requested until the effect of these changes could be kuowD. Your direc¬
tors now, after mature consideration, are= unanimously of the
opinion
that no further delay is necessary, and that the subscription and the
dealing in rights under the circular should go on. They are also of the
opiuion that it is important for the interests of this company that the
amount called for by the circular should be provided in full. Your
directors will individually subscribe, each for the full amount he is
entitled to.
By order of the board of directors,,
William B. Strong, President.
Boston Hoosac Tunnel & Western.—The Boston Journal
says that General Burt has made arragements in New York
whereby the contract with the Continental Construction Com¬
pany is canceled. The new contractors, who are foreign parties
of large experience in handling large enterprises, and who are
backed by great wealth, have already made contracts for the
extension cf the railway from Schenectady to Buffalo with its
several branches, and will commence operations February
1
extensive scale. All the work to a connection with the
The income account for 1881 was as follows :
Syracuse & Chenango Railroad at Menelaus, near Syracuse, is
to be completed before the close of the present
Net earnings from tbo road
year.
And
$172,543
Receipts on account of laud sales
15,282 within two years the Syracuse and Buffalo extension, 144 miles
in length, of double track, the Syracuse and
Oswego branch,
$187,826 44)6 miles, and the Rochester branch of 17
miles, are to be
Which have been appropriated as follows—
For laying 38 miles of new steel rail (less iron rail sold; $182,completed.
297, which was met in part by the sale of lOOorigiual
Boston Land Company.—The annual report of the Boston
coupon bonds at par, anu 50 income bonds at 80, leaving
Land
amount paid out of earnings
Company shows no debt or liabilities, and cash assets
$42,297
Interest on coupon bonds
exclusive of land of $139,327, of which $75,682 is invested in
71,520
Interest on income bonds
55,050
Government bonds. This is an increase of $10,341 in cash,
Interest on extension bonds
1,956—170,824 assets
during the year. The company received from shies of
$17,001 land, gravel and stone, $10,630. and from interest, $7,329. Its
total expenses were $9,016, of which $4,0S0 were for taxes.
COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES FOR THE YEARS
1873, 1879, 1880 and 1881.
The company sold $16,462 worth of lands during the year—
1878.
1879.
Earnings—
1880.
1881.
about double the amount of the previous year. /The "report
Freight
$148,815
$163,158 $240,845 $297,715
says : “ The sales average about seven cents per square foot,
54,225
Passengers
53,437
73,559
95,660
as against six cents last year, but a
Mail
4,141
large proportion of the
4,685
5,336
4,944
Express
3,546
3,756
3,454
3,212 lots were sold at an advance of from 25 to 100 per cent over
561
576
Trackage
1,529
prices of neighboring or contiguous lots in 1S80, and the average
Car service
127
was reduced to seven cents per square foot only by the sale of
Total
$211,627 $225,404 $324,725 $401,532 several lots to the Revere Beach Railway Company at a low
141,331
Operating expenses
135,822
180,804
228,988 price, under prior contracts and for other valuable considera¬
tions.
Ten of the lets sold at an average of over nine cent3 per
Net earnings
$75,805
$84,062 $143,920 $172,543
Per cent, of operating exsquare foot. This result is very satisfactory, in view of the
64*17
62*90
peases to earnings
55*68
57*03
fact that but little demand for building lots has been devel¬
oped
in the vicinity of Boston since 1873. There were fortyPortland & Rochester Railroad Company.
two dwelling houses built during the year upon lots sold by
CFor the year ending Sept. 30, 1881.)
the company, and there are now 160 buildings upon the land
The report says : “ You were informed at the last annual embraced in the original purchase in Beachmont and Breed’s
meeting that the holders of the $350,000 of 7 per cent bonds Island.”
had commenced foreclosure proceedings in Maine and New
Central Pacific.—The
traffic has been reported for
Hampshire. Similar proceedings in behalf of the mortgage 1881, showing an increasefreight
30,274
of
tons (10*8 per cent.) in the
given by this company to the city of Portland, to secure the amount carried
through, and of 429,582 tons (or 30 per cent.) in
payment of $700,000, were about to be taken, when at a meet¬ the tons of local
ing held by the pricipal creditors of the road, an agreement carried have been: freight. For six years the tons of freight
was made to ask the stock, debt and bond holders to
join in a
Through
new corporation to be called the ‘ Portland & Rochester Rail¬
East.
West.
Total.
Local.
road/ with a capital stock of $600,000. This arrangement was 1876
189,774
925,311
at once accepted
173,240
971,678
by a majority of the holders of the different 1877
180,072
1,209,873
classes of securities, and the Legislature was asked to grant 1878
1879
85,103
134,581
219,68 4
1,270,871
the new company a charter, which was done, and in accordance 188u
165.425
113,795
279,220
1,431,110
with its provisions, on the 8th day of March, 1881, a meeting of 1881
131,991
177,503
C09.494
1,860,092
the corporators was held, the act was accepted, and the com¬
Chicago & Eastern Illinois—Louisville & Nashville.—The
pany duly organized by the election of a president and treas¬ Chicago Times reports of the alliance between these roads:
urer, who were authorized to receive subsenptions to its capital “That the Chicago & Eastern Illinois and Louisville & Nash¬
stock and to issue the same, said stock to be paid for in the ville.
companies have an equal interest in the Evansville &
stock, bonds and debts of the Portland & Rochester Railroad Terre Haute Railway, the intermediate link; that the Louis¬
Company, in the manner provided in the charter. Notice was ville & Nashville desired a relation with the Chicago Road,
published in Portland and Boston, and in accordance with said which would be something more than a mere traffic arrangement*
upon an
,
*
a
m
m
m
*
-
*
....
.
....
THE
17ft
CHRONICLE.
and that the Louisville & Nashville therefore purchased 8,000
•hares of the stock of the Chicago & Eastern Illinois Railroad.
The total issue of stock is 30,000 shares. It will be seen, there¬
fore, that the Louisville & Nashville Company does not control
!
interest
such
the Chicago & Eastern Illinois, but holds only
an
as will give it standing in the councils of the Chicago company.
While it is the purpose of the three companies to work in per¬
not probable that the management of the
Louisville & Nashville will be extended over the trans-Ohio or
Chicago line.”
Chicago & Northwestern.—The following is a comparativ
statement of the earnings and expenses of the Chicago &
Northwestern Railroad Company, including all of the lines
controlled by it, for the years 1880 and 1881, as reported to the
State Commissioner of Wisconsin :
fect accord, it is
1880.
,
January
February
March
1,131,682
1,361,724
1,294,572
1,875,608
..
..
April
May....'
..
..
June
1,671,177
..
July
..
August
..
September....
October
November
December
'
Earnings.
$1,154,631
..
..
..
..
..
1,699,665
1,767,938
2,020,244
2,105,216
1,855,671
1,477,902
..$19,416,007
Total
v
Expenses.
$800,166
691.846
660.359
749,816
$1,240,667
1.178,795
1,474,611
846,680
823,982
826,950
$9,597,479
$21,849,210
$11,556,692
886,475
848,752
850,365
standing bond issued by the Columbus Chicago & Indiana Central Rail¬
way Company, secured by its first consolidated mortgage aforesaid, the
sum of $150 in cash, together with $400 in preferred stock in the new
962,222
910,072
963,204
591,343
1,146,586
1,002,399
1,165,430
972,899
930,914
866,950
parties of the second and third parts shall pay to the said
corporation, in full satisfaction of all claims made against them by
the Columbus Chicago & Indiana Central Railway Company, or it»
present receivers and trustees, and in full settlement of all pending litiga¬
tion, and in full discharge and acqiiitance of all liability under the
lease and amended lease, the sum of $2,400,000 in cash, as provided in
section 8 thereof, which shall be used in payment of the various sums in
cash herein provided to be paid and for necessary improvements.
“5. There shall be paid or issued to the holder of each outstanding
receipt of the committee above mentioned, and to the holder of each out¬
4. The
new
Expcnses.
$1,081,108
Earnings.
1,879,006
2,306,440
1,983.031
2,315,164
2.292,676
2.341,097
2,019,037
1,855,476
660,868
for each receipt heretofore Issued by the
bondholders* committee of the Columbus Chicago & Indiana Central
Railway Company; and one bond shall be issued in exchange for each
similar bond of that company, secured by its first consolidated mortgage,
and for which no such committee’s receipt has been issued; making a
total amount of these bonds to be issued in exchange for old bonds and
receipts (exclusive of the said sectional bonds) of $12,878,000 par
value. The remaining $3,622,000 of such bonds shall be used by the
new company to raise money for necessary improvements.
heretofore issued in exchange
1881.-
/
rvou xxxrr.
company, os above described, in addition to the new 5 per cent, gold
bond hereinbefore mentioned.
6. The party of the second part shall convert the second mortgage
bonds of the Columbus Chicago & Indiana Central Railway Company
now held by it, into income bonds, in accordance with the degree of the
United States Circuit Court; and the hwlder of every income bond, comimo this scheme shall surrender to the parties of the first part all such
1,047,955
“
income bonds held by him, and shall also pay to them 10 per cent, in
cash on tlie par value thereof; and in consideration thereof lie shall re¬
ceive $1,250 in the preferred stock and $250 in the said common stock of
895.781
934,412
operates in all 3,281 miles of road of which 487
are operated under lease.
The company owns 2,731 miles of
road, the actual cost of which to January 1, 1882, was $127,043,982, including the expenditures for construction on leased
lines. At the close of the year the company had a total in
terest bearing debt of $61,057,000.
Chicago & Western Indians.—The branches of this road
built by nominally separate companies have been consolidated
with the main company. The companies thus taken in are the
South Chicago & Western Indiana and the Chicago & Western
Indiana Belt. The name of the consolidated company remains
the Chicago & Western Indiana ; its capital stock is fixed at
$5,000,000 and the bonded debt limited to $10,000,000. The
The company
the new corporation in exchange for every income bond so surrendered.
“7. The holders of stock in the said company coming imo this scheme
shall surrender to the parties of the first part every certificate for such
stock held by them, and shall also pay to them 5 per cent, in cash on the
par value of such stock, and in consideration thereof each
them shall
receive certificates of common stock in the new corporation for one-half
the amount of their respective holdings of old stock.
8. All the amounts hereinbefore required to be paid in cash, and all
the stock and bonds hereinbefore required to be surrendered shall bo
of
respectively paid and surrendered to the parties of the first part, as a
purchasing committee, to enable them t > carry out the scheme of reor¬
ganization. except that the said sum of $2,400,000 is to be paid by the
parties of the second and third parts to tue new corporation when
organized, and not otherwise.
9. The arrangements herein provided for shall be accepted by all
the patties in interest as a satisfactory and final settlement of all raatr
ters in depute between the Columbus Chicago & Indiana Central Rail¬
way Company, its bondholders, trustees and receivers, and the parties
of the second and third parts.
The bonds he d by the parties of the
first part, for which receipts have been.issued. shall be used for such
purposes as they may deem necessary for the effectual carrying out of
the plan of reorganization hereby provided for ; and (with the consent
of the parties of the second and third parte) they may make any further
arrangements and agreements which may be necessary for carrying out
office is in Chicago.
the same; and the parties hereto do mutually covenant and agree that
Cincinnati Hamilton & Dayton.—Some of the stockholders they will make and execute such further and other paners as may bo
necessary in law to fully carry out the true intent and meaning of this
are still dissatisfied with the consolidation of their road with
agreement; and the parties of the first part may, upon public notice of
the C. C. C. & I., and claim that they were misled in the not less than sixty days, limit the 5ime in which bondholders and stock¬
scheme, and demand that the road be released from the agree¬ holders may come into the scheme of reorganization, and shall bo bound
ment. Twelve thousand shares of the stock of the Cincinnati to give such notice, if so requested by the party of the second or third
Hamilton & Dayton Railroad Company were represented at a part.
10. This agreement shall be inoperative and void, unless approved
meeting to consider the best interests of the stockholders. It and ratified by at least two-thirds in amount of the bondholders sub-'
scribing the agreement of the consolidated first mortgage boudholderg
was voted to prepare a paper for signatures agreeing to sur¬
render the stock to three trustees, with power to act in leasing of the Columbus Chicago & Indiana Central Railway Company, dated
Novembers, 1875, in the manner prescribed by that agreement; and
the road for a term of years.
William Hooper, Henry Hanna either of tlie parties of the second and third parts shall have thi
and M. Work were agreed on as trustees in case a majority of option to declare this agreement inoperative and void at any time after
the eleventh day of February, 1882, upon three days’ notice in writing,
he stockholders sign the agreement.
“
“
*
Columbus Chicago & Indiana Central.—In the case of Jas.
A. Roosevelt and others against the Columbus Chicago & Indi¬
ana Central Railroad Company, a supplemental bill has been
filed, by leave of Judge Drummond, in Illinois. Justice Harlan^
on a final hearing a year or more ago. declared the lease of the
Columbus Chicago & Indiana Central to the Pittsburg Cincinnati
& St. Louis, guaranteed by the Pennsylvania Railroad, valid
substantially finding that the Pennsylvania road was owing be
tween $2,000,000 and $3,000,000 on its guaranty. The case is
now pending in the United States Supreme Court on appeal
Since the decision the Pennsylvania road is reported to have ob¬
tained control of a majority of the bonds of the Columbus
Chicago & Indiana Central Biailroad Company, and is supposec.
to be attempting to evade its liability as guarantor. The
supplemental bill just filed is in the interest of the first-mort
fage their
bondholders,
have kept their bonds, and
mortgagewho
foreclosed.
ave
—A
•
they ask to
meeting of the holders of the first consolidated mortgage
bonds of the Columbus Chicago & Indiana Central Railway
Company was held in New York on Thursday to consider a
plan of reorganization submitted by the committee. This committee is
composed of William L. Scott, C. J. Osborn and W. B
considerable discussion, and no definite
action was taken; but the proposed agreement was orderec
printed and th? meeting adjourned for a day. The proposec
Dinsmore.
There
was
agreement between this bondholders’ committee, of the firsi;
parties of the first part, personally, if, before
three days, this agreement shall not have
been approved and ratified by the said bondholders in manner aforesaid..
In witness whereof, the parties hereto have executed this agreement
the third day of February, 1881.”
served upon any one of the
the expiration of the said
“
meeting of the
Monday, it wa»
unanimously voted to accept the amendment of charter author¬
izing the extension of the road to the Sound; also to accept the
resolution passed at the present session of the Legislature,
authorizing the issue of $100,000 of bonds for the purpose of
paying for, in part, the cost of such extension. The President
of the road was authorized to sign the mortgage to secure such
bonds. At a subsequent meeting of the directors, James W.
Hyatt, William C. {Street and F. St. John Lockwood were
appointed a committee, with full power, to build the extension,
make all contracts for the full completion of the extended line
to Wilson’s point, including wharves, sidings, &c. The bonds art
to be issued for such time and at such rate of interest as the
Norwalk directors may determine. The Railroad Commission¬
ers have notified property-owners on the line to meet them at
Danbury <fc Norwalk.—At the stockholders*
Danbury & Norwalk Railroad Compaay, held on
South Norwalk.
Denver & New Orleans.—“ The Denver & New Orleans Railread Company has put in trust with the Mercantile Trust
this city, its entire property, including all the stock and
received and to be received fir that part of the read between
Denver and Pueblo, also its coai branch and miles of Colorado
Co; of
bonds
Springs and the land owned in and near Denver. The property is
pledged as security for the company’s promissory note for
second and third parts, provides that:
$1,050,000 at the rate of 10 per cent per annum. The cost of
“1. Tlie parties of the first part shall cause the so-called consolidated the road from Denver to Pueblo (123 miles) is fixed at $2,500,000,
mortgage of the Columbus Chicago <fc Indiana Central Railway Company
and the above sum of $1,050,000 has been borrowed to pay off
to be foreclosed, and the property covered thereby sold in such manner
the floating debt of $400,000 and to finish the line.”—New York
s the court may direct.
fart,
and the Railroad
PittsburgCompany,
Cincinnatiguarantor,
& St. Louis,
lessee,
ennsylvania
parties
of anc
the
sold shall be bought in, if it can be obtained
by the parties of the first part, or
by
be bound by the terms or this in¬
strument. Such purchasers shall form a new corporation to take the
property, with a capital of $10,000,000 in common stock and $20,000,cOO in preferred stock; the latter to be entitled to dividends, if earned,
at the rate of 6 per cent, per annum, payable semi-annually, in prefer¬
ence to any dividend on the common stock; such preferred dividends
to be cumulative, but no interest to accrue on delayed dividends not
“2. Tlie
on
property thus
terms satisfactory to them, either
some person or persons who shall
earned.
“3. Such
corporation shall issue its first mortgage bonds for $22,000,000, payable at the end of fifty years, in gold coin, with interest at
the rate of live per cent, per annum, payable semi-annually, in like gold
coin, with all usual clauses necessary to make the said mortgage valid
and effectual. Of these bonds, $5,500,000 par value shall be reserved
to provide means to pay for underlying sectional bonds as they become
due.
new
Ono bond for
$1,000 shall be issued in exchange for each receipt
Indicator,
Delaware & Hudson Canal.—In advance of the annual
port, this company issues a brief statement of income
and balance sheet for the year 1881. The figures
with those for 1880 are as follows ;
re¬
account
compared
INCOME ACCOUNT.
1880.
Receipts from coal
Receipts from railroads
Miscellaneous
Total
Less expenses of
Nat
earning*
all kinds
$7,402,544
4,673,436
$12,524,549
7,913,507
$14,929,007
0,481,729
$4,611,042
”$5,447.27*
448,569
*
«.
1681.
$8,946,554
5.404,840
577,613
FKimuAJir
Taxes,
THE
li, 1882.|
$3,344,814
$3,259,CIS)
$1,351,423
interest anti rentals
Net profits
Dividend 6 per cent In 1881
$2,102,464
1,200,000
$102,464
8urplii3.
CONDENSED BALANCE SHEET
Debit.
DECEMBER
31, 1881.
Real estate.
Branch Railroads.
York & Canada
New
571,504
Supplies on hand
hand.
Advances to leased lines
Second track—Albany & Susquehanna.
Advances <>n coal.
Stocks, bonds, &c
Coal on
1,148,323
3 15,075
400,015
1,074.8086
Demand loans
Bills ami accounts receivable.
2,968,221
5,513
*2,035,349—
2,348,357
379,032
1,156,687-
Cash in bank.
so long, and there has been a good deal of complaint re¬
ceived at the office here because of the delay.
When Mr. Villard talked to me on this subject, three months ago, he expected
that the money would be paid February 1. Two reasons are
for
money which scared some of
nected with the road, and,
3,507,074—$30,440,322
R. R.
holders of the Northern Pacific Railroad Company expected
before this to get the dividend which they have been waiting
given why action has been delayed
$17,252,840
9,027,801=
Construction
177
CHRONICLE.
3,600,862
:
more
First, the stringency in
conservative people
con¬
second, the position occupied by
Congress. The first obstacle is now out of the way, and the
only thing that remains in the way of an 8 per cent, dividend
is the American Congress.” *
* * “ The road is not com¬
pleted, and will not be for two years. To pay a dividend now
would put a weapon into the hands of the opponents of the
road in Congress which might be used with effect. It lias
been
determined by
whole
3,834,0'
the
matter
for
the Finance Committee to postpone the
a
few months, and the
or perhaps later in
paid until about July 1,
dividend will not be
the year.”
Daily Stockholder of February 9 re¬
Total.....
$40,902,484
ports : “There is considerable of a gamble going on at present in
Credit.
the Ohio Central and Richmond & Allegheny rights, which are
Capital..
$20,000,000
Bonds
18,843,000—$33,843,000 being dealt in on the open board. The movement has been
Interest and dividends payable in January.
736,098
kept very quiet, and the effort has apparently been to secure
Bills payable
10.000
746,098 all of the securities that were in the market. The transactions
Depositors
76,955
Surplus
1,236,430 in them are not positively known, but ar9 stated to have been
very heavy, and within a short time the price has been
Total
$40,902,484 advanced from 80 to 98/£, and has now fallen away again to
96/2. These rights are issued with a view to the purchase of
Market value stocks and bonds, $3,467,771.
the Richmond & Allegheny, and the construction of a connect¬
Elizabeth City Debt.—Efforts are still in progress to effect
ing line of mad, and for each $10,000 subscribed the holder is
a settlement between the city of Elizabeth and its creditors.
entitled to 800 of the first mortgage bonds, 800 of the incomes,
Mayor Ryder has appointed a new committee to confer with and 100 shares of stock. The Seney syndicate has the credit
the creditors. They are Richard Frohwein, Edward McGrath
of having taken all they coujd get their hands on.”
John C. Bender, J. C. Ogden, James R. English, E. M. Fulton
Ohio & Mississippi.—A circular to the stockholders of the
Charles Russ, Patrick Sheridan, the Rev. Edward Kempshall
Ohio
& Mississippi Railway Company has been issued by the
the Rev. Martin Gessner, Amos Clark, ex-Mayor Bonnett, Jacob
Davis, James E. Hedges, Joseph Nolte, Peter H. Wyckoff, anc committee, whicn contains the following: “You have been noti¬
J. H. Cory. A committee has also been appointed by the fied of a stockholders’ meeting to be held on April 6, 1882, at
Council to make an appraisement of the actual value of the Flora, Ill. (a place in Illinois being designated because the
city property. The new conference committee represent al meeting is held only in pursuance of the laws of that State),
classes of opinion on the debt question, and hope is entertainec. for the purpose of expressing your concurrence in, or dissent
that they will be able to reach a basis of settlement with the from, the creation of a mortgage debt for certain purposes
named in the notice. It is proper you should be advised of the
creditors.
for such a step.” * * * “The recent annual report
Georgia Central.—At the election of the Ocean Steamship necessity
of the company has advised you of the progress made under
Company of Savannah, on Tuesday, the party which favored a the
receivership in the payment of floating debt claims, interest
distribution of its earnings to Georgia Central Railroad stock¬
holders secured four of the five directors.
Mr. Wm. M. Wad- upon mortgage debt, and of the very valuable improvement
made in the physical condition of the property, but it also ex¬
ley then resigned the presidency, and Col, E. C. Anderson, of hibited a
large amount of indebtedness for interest and sinking
Savannah, was put into his place. The new board decided to
fund
arrearages,
and other legal obligations, which were ac¬
issue certificates based upon the earnings of the steamship
cumulating
against
the company and carrying interest at com- *
company to the amount of $3,500,000, bearing interest not ex¬
paratively
rates/
which could not be fully met from
high
ceeding 7 per cent., which are to be issued as a dividend to
earnings under the receivership.” * * * “It was then thought
Central stockholders.
that tne round sum of $2,000,000 would be sufficient to meet
Hannibal & St. Joseph.—The State of Missouri defaulted the demands of the
company and to secure the restoration of
-January 1 on its bonds issued to this company. The company its property from the custody of the courts to the control of
claims that the act of 1865 gave the road the right to repay its the directors. It was
apparent that there were but three al¬
13 ,000,000 bonds when they were able. The State has begun ternatives presented to the stockholders; first, to submit to *
proceedings to attach the Hannibal & St. Joseph road and sell foreclosure and sale of the company’s property, by reason of
it. The road made a motion for an injunction to restrain the the continued default in the
payment of interest on mortgage
State.
debt and of contributions to the several sinking funds; second,
On February 3 the Missouri Supreme Court refused the
to secure the continued indulgence of creditors, and of thecompany’s application for a writ of error to the United States courts, until out of net earnings the defaults referred to might
Supreme Court on the question of granting a writ of manda be removed; or, third, for the stockholders to raise the money
mas against the State Treasurer in the matter of the State aid
to pay
full the just debts of the company and again assume
bonds. The Court holds that there is no question for the control inof the
property.” * * * “It was manifest that the
Federal court involved in the suit.
third alternative was the one to be adopted, and when the
Illinois Central.—The Illinois Central Railroad Company, suggestion of the committee of English shareholders was pre¬
which has owned a controlling interest in the Chicago St. Louis sented to the Board in October last, it was at once approved
& New Orleans line, extending from Cairo to New Orleans, has and a committee appointed to carry it into execution. This
made arrangements, according to the N. Y. World, to lease the committee, after making a careful examination of the com¬
latter road for ninety-nine years, and the main point remaining pany’s financial condition, have found that a larger sum than
to be settled is what rate per cent shall be guaranteed as was
supposed in October will be necessary to meet the demands
rental. The capital stock of the Chicago St. Louis & of the company, as will be shown by the scheme adopted,
New Orleans is $10,060,000 in 100,000 shares, of which which embraces the following:
$3,632,000 is held by the Illinois Central, which also
“The creation of a new series of five per cent bonds having
holds $6,670,000
of the bonds.
Vice-President James fifty years to run, secured by mortgage covering the Main
C. Clarke, of the Illinois Central, is also Vice-President and Line, ‘Louisville Branch and Springfield Division, in all 624
General Manager of the Chicago St. Louis & New Orleans, and miles, together with the rolling stock and other personal prop¬
the two lines have been conducted as parts of one system ever
erty, to the amount of $16,000,000,
since the Illinois Central bought control. The gauge of the Of which will be reserved to take up old bonds
Southern line was changed from 5 feet to 4 feet 8^ inches about
when and as they mature
12,784,099
The residue to be used for following purposes:
Aug. 1st of last year. The main objects of the change from a To
pay past due coupons on first mortgage
$ 48,825
mere control to a long lease are to relieve the lessee company
To pay past due coupons on second mortgage
536,060
from the necessity of carrying the stock of the other company To pay past due coupons on Springfield Division. 351,575
should it prove to be advisable to dispose of it in whole or in To pav past due contributions first mortgage sink¬
177,000
fuud
part, and to make it secure in projected improvements and ex¬ Toing
pay past due contributions second mortgage
tensions.
■*
.
sinking fund
165,845
Milwaukee Lake Shore & Western.—A Milwaukee report To pay past due secoud mortgage Western Division
97,000
bonds
says: The total earnings in 1881 were $630,812, against $427,751 Debenture bonds
140,000
in 1880, an increase of $203,071. The directors of the road, at Special loans (for which Springfield Division bonds
are hypothecated)
• special meeting held in New York, declared a dividend of 6
250,000
\—
Remainder of floating debt, estimated at
150,000
per cent on the income bonds from the earnings, payable May 1 Contingent liabilities, estimated at
300,000
or November 1 next.
For additional equipment and terminal facilities.. 999,695
3,216,00#
Ohio Central.—The
-
-
4
New York Chicago & St. Louis.—This railroad company has
retired its income bonds, and will issue in place thereof $15,-
stock, making the capital $50,000,000; Application has been made to the Stock Exchange for
tie listing of the securities of this road.
000,000 additional
common
Northern Pacific.—A special dispatch
K to the Philadelphia Press says: “
from New York, Feb.
The preferred stock-
Total
$16,000,000
The first issue of new bonds, $3,216,000, to be further
secured by a pledge of $991,000 Springfield Division
which the company will have control (after payment of
oans for which some of them are now pledged'.
This pledg#
“
bonds, ot
special
to
determine, and said $991,000 of
Springfield bonds to be cam-
rHE CHRONICLE.
178
celed, whenever the company shall be able to retire its
first mortgage bonds, no default then existing as to the
on
new 5 per cent bonds.”
* * *
Assuming that we may, by the use
such
present
interest
of the new bonds,
promptly extinguish the $9*7,000 of second mortgage Western
Division bonds, and also the $140,000 of debentures, we yet
have remaining 7 per cent mortgage indebtedness to the amount
44
[VOL. XXXIV.
Richmond & Danville.—The N. Y. Times reports of this
: “ The Richmond & Danville system of railroads, which is
gridironing the South with its lines, has begun the construc¬
tion of a road which is to extend from Atlanta, Ga., to the
Black Warrior coal and iron fields in Alabama. It will go
road
through Birmingham, one of the great railroad centres of
Alabama, near which the coal fields are situated. Gen. T. M.
Logan, Vice-President of the Richmond & Danville, was found
of $12,784,000—
On which the annual interest for the year 1882 will be
$804,880 at the office of the company in this city yesterday, and said
Add contributions to sinking funds
76,000 that the new line would be constructed under^ the charter of
160,800 the Georgia Pacific Railway Company, which, by recent con¬
And for interest on $3,216,000 new bonds at five per cent...
We have a total of
$1,131,680 solidations, was authorized to build a line from Atlanta to the
Mississippi. The work is being done by the Richmond & Dan¬
“The net earnings for 1SS0 (notwithstanding the large ex¬ ville Extension
Company under a contract between that com¬
penditures for steel rails, etc., charged to operating
were $1,256,709.”
* * *
expenses)
“The committee have not undertaken to decide, or to express
opinion, as to the character of the preference stock, or
an
whether the dividends on such stock are cumulative or not.
That question cannot arise until there shall be a surplus of net
earnings above what may be required to meet the current divi¬
dend on that stock, and doubtless it will then be submitted to
It only remains for the stock¬
to the plan now proposed for
paying the debts of the company, by casting their votes in its
favor at the proposed meeting to be held on the 6th April next,
or by giving their proxies for that purpose.”
* * * “ The
assent of two-thirds of the stockholders (in amount) is required
in order to authorize the creation of the proposed debt and
the courts for judicial decision.
holders to signify their assent
mortgage.
“W. T. McClintick, Robert Garrett, James Sloan, Jr., F. W.
Tracy, Committee.”
—Receiver Douglass of the Ohio & Mississippi Railroad has
filed the followiug report for January iu the United States
Clerk’s Office:
RECEIPTS.
$304,101
300,235
Cash on band January 1,1882
Cash from station agents
Cash from conductors
Cash from individuals, companies, Ac
Caeb from Adams and American Express
Cash from Post-Ofiice Department
6,729
41,147
1,871
21,645
$725,730
Total
DISBURSEMENTS.
Vouchers prior to November 18, 1876
Vouchers subsequent to November 17,
100 new coal cars, 3 new postal cars
$7,855
240,804
62,650
139,783
1876
November 17, 1876
to November 17, 1876.
January 1, 1882
1, 1882
Pay-rolls subsequent to
Arrearages subsequent
Coupons maturing, due
Cash on band February
460
230,083
44,088
;...
$725,730
Total
pany and the Georgia Pacific Company. The extension com¬
pany has a subscribed capital stock of $5,000,000, 51 per cent
of which is owned by the Richmond & West Point Railway
& Warehouse Company, which is popularly known as the
& Danville Terminal Company.’
Through its
ownership of 51 per cent of the stock the Richmond & Dan¬
ville system will control the entire Georgia Pacific enterprise.
The Georgia Pacific owns 100,000 acres of coal and iron lands*
through which the road is to run. One hundred miles of the
road are already under contract.”
—The Richmond & Danville Company will issue debenture
bonds to the amount of $4,000,000, payable forty-five years
after date, at 6 per cent interest, payable semi-annually out of
the net earnings of the company, said bonds to be secured by
‘Richmond
conveying the entire property, franchises and reven¬
of the company for that purpose. Stockholders of record
when the books are closed on the 10th instant have the privilege
of purchasing the bonds to the amount of their respective
mortgage,
ues
holdings of stock at forty-five cents on the dollar.
at that date of a smaller amount
The
owners
of stock than ten shares will
be entitled to a certificate for a proportional part of a thousand
dollar bond upon payment therefor, and such certificates will
be fundable when presented in sums of $1,000 in bonds of that
amount.
Southern Central.—The Southern Central Railroad Com¬
pany, owning a line of road from the Pennsylvania State line,
where it connects with the Lehigh Valley system, to Fairhaven
on Lake Erie, defaulted on its first mortgage bonds on the 1st
The first mortgage is for $1,500,000, and the second
instant.
for $600,000, of which $400,000 is guaranteed by the Lehigh
Valley.
Interest
on
the latter has been paid promptly. The
proved insufficient to
net earnings of the road have, however,
meet the interest, and there is now quite
a
large floating debt
besides some overdue coupons on the second mortgage and
some funded coupons.
A meeting was held in New York
Oregon Railway & Navigation Company.—This company recently, and it was unanimously’agreed to exchange the old
report of its estimated earnings for Jan¬ bonds for a new mortgage at five per cent. This will be for
uary, 1882, and comparative statement of earnings for the .three millions and the new bonds will be exchanged for the old
and for the guaranteed bonds at par. The holders of the
first seven months of three fiscal years.
funded coupons and the unguaranteed second mortgage bonds
1832.
January.
1880.
1881.
Gross
$134,581
$392,500 will have to submit to some reduction of principal. There was
$117,304
Vet
16,582
*98
190,500 no objection raised at the meeting and the Lehigh Valley will
Preceding six months—
Gross
1,487,460
1,837,102
2,637,304 agree to the change as far as its holding is concerned. The new
Vet
849,823
977,288
1,376,773 issue will be large enough to afford a balance of a quarter of a
Xotsl*million for repairing the road and relaying it with steel rails,
Gross
1,604,764
1,971,683
3.029,804 and the fixed charge, owing to a reduction of the rate of
Vet
866,405
977,386
1,567,273
Increase for seven months of 1880-81
13 per cent. interest, will not be increased. The Hon. Thomas C. Platt is
Increase for seven months of 1881-82
60 per cent. President of the road and its main office is at Auburn.—Phila¬
delphia Press.
makes the following
a
*
Columbia River frozen up.
Pacific Mail—Union Pacific RR.—A new contract between
the Union Pacifio Railroad Company and the Pacific Mail
Steamship Company has been signed. By its terms the Pacific
Mail Company is to receive $95,000 per month from the rail¬
road company and six months’ notice must be given
either party can withdraw.
the railroad company, allowed Pacific Mail $110,000 per
before
The old contract, abrogated by
month.
Petersbnrg Railroad.—At Petersburg, Va., Feb. 6, at a
meeting of the stockholders of the Petersburg Railroad Com¬
pany the exchange of old second mortgage 8 per cent, bonds of
the company, amounting to about $490,000, for new issue 6 per
cent, bonds was
perfected
on
satisfactory terms.
Railroad Lands in Minnesota.—The following from the
State Commissioners’ report shows railroad lands sold and con¬
tracted to be sold, fractions of acres and dollars being omitted:
Sales and contracts, year
ending June 30,1881.
Acres.
Minnesota Central...
2,491
St. Paul A Sioux City 16,776
Sioux City & St. Paul 12,936
Winona A St. Peter
109,202
St- Paul A Chicago...
23,827
Receipts.
$53,647
Sales and contracts in
5
mos.end'g Aor.30,’81.
Acres.
1,484
4,530
1,322
Receipts.
$21,018
36,071
10,207
138,185
86,902
302,183
47,923
73,803
22,838
2,387
37,822
52,896
3,500
31,020
St. Paul Minn. A Man. 97,863
8t. Paul A Duluth
*4,545
748
Stillwater A St. Paul.
920
8t. Paul S. A T. P
Northern Pacific
\24,731
217.514
t 91,608
5,173
27,567
29,G30
..
Hastings A Dakota
46,0S7
4,787
1,870
.
8o. Minnesota
Do
ixtens’n
Western
fit. Paul and St. 1*. M.
Ac M.lands in dispute
Total
Winona & St. Peter
Barney contract...
381,587
»
-
.
-
13,856
2,758
217,382
*
800
440
*2,640
60,506
47,695
86,983
$1,133,564
191,159
$489,017
6,400
80,851
317,061
Year ending December 31,188Q.
4 Six months ending December 31.
•
-
Fonthern Pacific of California.—This company
build
a
is about to
line from Mohave Junction to the Colorado River, a
dis¬
of about 300 miles, where connection will be made with
the Atlantic & Pacific Road, which is completed within about 250
miles of the river on the east. Mr. C. P. Huntington, of the
Southern Pacific Road, said to a Tribune reporter that the ex¬
tension to the Colorado River was strictly in accordance with
the act of Congress by which both the Southern Pacific and the
Atlantic & Pacific were authorized. Mr. Huntington expressed
the opinion that it would not be for the interest of the Atlantie
& Pacific to build beyond the Colorado River when the connec¬
tion with the Southern Pacific has been made.
tance
Tennessee Bonds.—The New York Herald dispatch
a summary of the present
ation regarding the State debt. “The Legislature of
Nashville, February 9, gives
from
situ¬
1881
passed the Funding act, April 6. The act established a funding
board, made up of the Secretary of State, the Treasurer ana
the Comptroller, whose duty it is to fund the debt at three per
cent.' This was known as the 100-3 measure. Its opponents,
though some were out-and-out repudiaflfconists, were mainly in
favor of a settlement at fifty cents on the dollar, with four per
cent, interest, and were known as the 50-4’s party.” * * *
“The act, after passing the House, was defeated in the Senate
by a single vote. On reconsideration it was carried by one
vote.
Charges of bribery and corruption were freely bandied.
To an impartial observer it does not seem out of the range of
possibilities that some of the legislators required some 4 pres¬
sure ’ to fully appreciate the need of Tennessee purging her¬
self from the stain of repudiation.”
‘‘The act was carried through by a combination of credit
Democrats and Republicans.
Thirty-five tax-payers made a
dummy for the low-tax men to continue the fight. They asked
an injunction from the Chancellor. He granted a temporary one
and afterwards dissolved it. The low-tax men appealed from
his decision. The question has been argued before the Su¬
preme Court the past two weeks, and has enlisted on both
February
THE CHRONICLE.
11,1862.]
legal talent in the State. The conclusion of the
arguments is looked for within a week, when the court will
give its decision on the points involved. Stripped of legal
verbiage and technicalities, the low-tax men claim the funding
act was illegal, the Legislature having transcended its powers,
aides the best
particularly in making coupons receivable for taxes, contrary
to the State constitution, and that the act is void because pro¬
cured through bribery and corruption.
At the outset the
defendants—the State credit men—deny the jurisdiction of the
court, because the suit is in substance suing the State in its
own courts ; admitting (legally) bribery and corruption, they
deny the power of the court to inquire into motives which
influenced the passage of the act. The legality of the coupon
feature and the other phases of the question are then entered
into with a minuteness and show of authorities bewildering to
the non-professional mind.
The outcome is as uncertain as
the verdict of the ordinary jury is said to be. The popular
features of the agitation do not enter into the questions with
which the court has to deal, and since its decision will be
entirely on legal points, the low-tax men have as good reason
to expect a victory as their opponents.”
Toledo Delplios & Burlington.—In response to inquiries in
regard to this road, the Boston Transcript publishes the fol¬
lowing. ‘‘The Toledo Delplios & Burlington system will, when
completed, contain 816 miles of narrow-gauge road, touching
the lake waters at Toledo, the Ohio River at Cincinnati and
Ironton, and the Mississippi at St. Louis. The mileage of e^ch
division stands as follows:
Toledo Division—Toledo to Kokomo, Indiana
181
Dayton Division—Delplios, Ohio, to Dayton, Ohio, with Shanesvilte
Branch
Southeastern Division—Dayton to Centre Station
Iron Road—Centre Station to Ironton
Cincinnati Division—Dayton to Lebanon
St. Louis Division—Kokomo to East St. Louis
Total mileage
102
185
23
22
268
781
“Of the mileage above noted, thirty miles upon the South¬
eastern Division has yet to be completed to connect with the
road, and about 100 miles upon the St. Louis Division.
For this construction the money is secured, and the work will
go rapidly forward as soon as the season permits. The com¬
pany is now operating the Toledo & Dayton Divisions, 115
miles of the Southeastern Division, 26 miles of the St. Louis
Division, the Cincinnati Division and the Iron road. The latter
earned #45,000 net last year, but its present operations are not
included in the reports of the Toledo Delphos & Burlington’s
The lines now operated, and upon which earnings
earnings.
are reported, deducting the Iron road,
aggregate 446 milesr
This company also controls the Cincinnati Northern from Leb¬
Iron
to Cincinnati—30 miles—and the 5-mile Avondale branch
of the same. The Toledo Terminal trust
mortgage of #250,000
is mostly held in Europe. It covers 60 acres of land and valu¬
anon
able rights of way at Toledo.
are still in the treasury.
The Cincinnati Division bonds
system
completed and equipped, the fixed charges will be—upon
$8,500,000 1st mortgage 6 per cent bonds, $510,000; upon
$1,200,000 equipment 7 per cent bonds, $84,000—a total of
or
of $760 per mile of road.
“The Toledo
to
$7,336,000,
Delphos & Burlington stock now issued amounts
146,720 shares of the par value of $50. This
follows: $4,000,000 upon the Toledo and Dayton
or
issued as
divisions and terminal trust, $2,250,000 upon the Southeastern
was
Division, $250,000
the Cincinnati Division, $500,000 upon
the Iron road and $336,000 upon the equipment loan. There is
yet to be issued $4,000,000 of stock upon the Toledo Cincinnati
& Str. Louis road, and this will raise the stock issue to
$11,336,000. Eventually the ISt. Louis division will be consolidated
with the system and the name of the consolidated
company
changed from Toledo Delphos & Burlington to Toledo Cincin¬
nati & St. Louis. The system will then stand with a
capital
stock of $12,000,000, a first-mortgage indebtedness of $8,500,000
(without the equipment bonds), and an income-bond debt of
$8,250,000.
These
Trunk
upon
are
the facts.”
3pxe Commercial jinxes.
COMMERCIAL EPITOME^
•
Friday Night, February 10, 1882.
A severe snow storm obstructed our streets and
greatly *
retarded business early in the week under review.
Heavy •*
rains in the South and West have
again caused local
■
a
serious overflow of the
floods, and
Mississippi River is
greatly to the detriment of trade.
now
threatened
Speculative declines in
of some importance here
wheat and cotton have caused failures
and at New Orleans. There are indications of
an
.
increase in
'
exports, as the result of the weakening of speculative values
for staples of agriculture, and, with the
approach of spring,
much activity in mercantile affairs.
The market for provisions luled comparatively firm
early in
the week, with much speculative spirit, and a fair
export
demand. Yesterday the failure of a house
having speculations
in lard caused a decline. To-day there was a weak
feeling.
Lard declined, leading to more activity, prime Western
closing
at 11.32^c, for March, 11 47^e. for
April, 1157^>c. for May
and ll*65c. for June.
Bacon was nominal at 9/£c. for
long
clear, with considerable going forward Jon consignment. Cut
meats quiet.
Beef has met with some further demand for '
export and is firm, but closes quiet. Butter and cheese quiet.
.
-
Tallow less active.
Rio coffee has been
cargoes;
moderately active only at 9^c. for fair
mild grades have been about steady, with a fair trade.
Spices have been very quiet, but red peppers have advanced
slightly. Tea has brought steady prices in the main at the
auction sales.
'
New Orleans molasses has been in moderate de¬
mand and
steady; refining grades have been quiet at 33c. for
50-degrees test. Foreign fruits have been generally firm, and
raisins have advanced on a better trade, though the close is
less active. Raw sugar has met with a fair demand, and a de¬
lay of cargoes in transit to refiners has enabled importers to
advance prices ’to 7c. for fair refining and 8c. for 96-degrees
test; refined sugar has been very firm of late, and at the close
some grades of yellow are scarce; cut loaf is quoted at
10^c.,
crushed 10c., powdered 9%c. and granulated 9%c.
Ingot copper has been quiet and rather depressed, sales of '
Lake Superior being made at as low as 19/£c., though as high
as 20c. has latterly been quoted.
Lead has been steadier at
$515@$5 20, with moderate transactions. Spelter has been rather
quiet at 5J/g@6c., but firm at these prices. Pig tin has ruled ’
firmer at 25@25/2C. for Straits, and a moderate business has '
been done; tin plates have been about steady but only fairly
active at the best. Pig iron has been firm and Scotch has sold '
fairly, but American has been quiet; No. 1 American is quoted '
$26 50@$27 and Glengarnock at $25 50@$26. American steel
*
~
“The company is in great need of
equipment, and has issued
$400,000 of 7 per cent equipment bonds, and intends to make
the whole issue of equipment bonds $1,200,000.
The
$594,000,
179
rails have sold to
a
fair extent at $57 50 for fall
delivery at the
mills.
Strained rosin has been quiet and depressed at $2 27/£ @2 30,
Spirits
turpentine has fallen to 52^@53c.,
on a very
dull
«
1
Hides have sold moderately at firm prices. Leather has
been rather weak for hemlock, with only a moderate trade;
trade.
Union
tanned, however, has been steady and fairly active.
Lard oil has ruled firmer at 91@92c.
Linseed oil has been in
fair demand and more steady at 60@61c. Cloverseed has been
in moderate demand at 8%@9c. for Western and 8^@9^c. for
Canada in bond. Hops have been dull, and to a great extent
•*
y
line Commissioners.—The names of the following
gentlemen, composing the advisory commission appointed by nominal, at last week’s prices. Manila hemp has been quiet at * •
the Trunk line railroads to consider the several
questions of
differential rates was officially announced this week: The 10%c. Refined petroleum has been quiet at 7%@7/ac., closing
Hon. P. M. Cooley, of Michigan; Allen G. Sherman, of Ohio; firmer.
*
and Elias B. Washburne, of Illinois.
Kentucky tobacco has been very dull, and the sales for the
Virginia Debt.—At Richmond, Va, Feb. 7, the House of week are only 200 hhds., of which 170 for export. Prices, how¬
Delegates passed the bill for the settlement of the State debt, ever, remain very firm, and the transactions were at|6@S/6c. for
known as the Riddleberger bill, by a vote of 56 to 30, one Read¬
lugs and 8/^@12^c. for leaf. The movement in seed leaf has
juster (Kelly, of Washington County) voting in the negative. also
been rather small, amounting to 1,705 cases, as follows, al ..
An amendment providing that the bill be submitted to the
from the crop of 18S0: 700 cases Pennsylvania, 6@40c.; 300
people for ratification was defeated by a vote of 14 to 71. The cases New
England, 16@30c ; 500 cases Wisconsin, 3^@llc.; 105
bill now goes to the Governor.
cases Ohio, 4@10c, and 100 cases sundries,
3%@15c. Alss,
Western North Carolina.—The Chattanooga Times says: 600 bales Havana at auction and 400 bales at private sale at '
“The Western North Carolina Railroad has now a force of 88c@$l 20.
between two thousand and three thousand men working on
Ocean freights have been comparatively quiet, and rates to
their Pigeon River division. This road was recently completed some ports have declined; but toward the close offerings for
to Asheville, an old town in Western North
Carolina, and has shipment increased, and with room not plenty there was more v
the Wolf Creek branch running forty miles further west,
through firmness. To-day the business included grain to London, 4%
the celebrated Warm Springs, to a connection with the East @5d„ to Glasgow, 4%d., and to’Rotterdam, 5Md., with 4@4}4d.
Tennessee road at Morristown. The Pigeon River division, quoted to Liverpool, and 3s. 10)^@4s. per qr. to Cork for or¬
being built alongside that river and the French Broad River, ders; cloverseed to Hamburg, 1 mark; cheese to Liverpool, 25s.;
is
designed to be extended through the Smoky Mountains to refined petroleum to London, Antwerp and Bremen, 3s. 6d.;
a western outlet at
crude to Marseilles, 4s.
Cleveland, Tenn.”
In addition to above exports, oar
COTTON.
ns
February 10, 1882.
Friday, P. M.,
indicated by our telegrams
below. For the week ending
receipts have reached 86,779
bales, against 95,057 bales last week, 92,081 bales the previous
week and 99,990 bales three weeks since; making the total
receipts since the 1st of September, 1881, 3,874,317 bales, against
4,250,267 bales for the same period of 1880-81, showing a decrease
since September 1,1881, of 375,950 bales.
Receipts at—
6,132
1,549
750
441
Florida
Bruni^’k, &c.
....
1,000
Royal, <fec.
314
....
127
5,293
1,146
24,010
2,573
1,874
1,999
951
914
259
1,413
11,007
659
6,207
11
11
121
822
2,000
....
590
590
2,437
14.192
*....
230
268
....
....
239
....
1,891
1,777
2,463
....
....
3,630
3,030
New-York
302
1,240
625
621
381
400
3,575
Boston
039
772
957
614
408
033
4.0S3
....
25 1
City Point,<fec.
.
Baltimore
....
...
70
....
....
....
Great
Britain.
Shipboard, not cleared'—for
France.
25,211
3,378
11.700
None.
None.
None.
None.
Total 1881
Stock.
47,889
13,800
129
None.
550
19,171
2,100
Leaving
Total.
323,155
27,036
51,776
73,253
None.
None.
2,200
None.
None.
1,200
12,950
12,300
33,1« 5
6,500
5,300
69,388
3,378
53,299
5,779
131,844
981,092
96,842
25,566
48,039
20,351
190,798
651,679
6.8O0
10,877
4,900
Total...i...
Foreign
■
1,600
22,228
1,600
1,900
7,700
unarleston
Savannah
&alveston
New York
Other ports
Coast¬
wise.
Other
4,700
3,900
47.129
326.752
131.991
•
....
....
1,117
1,560
5,219
259
....
....
....
10, at—
New Orleans....
Mobile
127
....
....
....
2,111
3,513
Norfolk
902
687
....
....
Wilmington ....
Moreli’d C.,&c
4,394
494
....
2.198
1,550
Charleston
2,979
....
....
Savannah
4,462
Feb.
8,019
....
amounts of cotton on
On
1,179
....
....
....
Mobile
Pt.
1,231
1,395
797
Galveston ... .:
Indianola, <fcc.
New Orleans...
1,718
1,699
give
Lambert. 60 Beaver Street.
Total.
Fri.-
Thurs.
Wed.
Tnes.
Mon.
are
telegrams to-night also
shipboard, not cleared, at
ports named. We add similar figures for New York, which
prepared for our special use by Messrs Carey, Yale &
the following
the
The Movement of the Crop, as
from the South to-night, is given
this evening (Feb. 10), the total
Sat.
(VOL. XXXIV
CHRONICLE.
THE
180
in prices of cotton
at
irregularity which
prevailed at the close of our last was continued on Saturday,
when this crop was slightly lower and the next dearer; but on
321
decline of unusual severity
this market during the past week. The
We have had a
Monday the pressure to sell began, owing to the large visible
supply and other unpromising circumstances, under which
prices rapidly gave way till the close of Thursday’s business.
evening an effort to check the decline,
and finally a failure of some im¬
12,207
Totals this week 10,059 10,097 14,970
portance on this market, caused something of a panic, under
For comparison, we give the following table showing the week’s
which prices for the summer months closed 62 points below the
total receipts, the total since Sept. 1,1881, and the stocks to-nigh
previous Friday, with sales three or four times as large as the
and the same items for the corresponding periods of last year.
recent average day’s business.
To-day there was a buoyant
Stock.
1880-81.
1881-82.
opening, followed by a decline; then a stronger feeling towards
Receipts to
Since Sep.
This
Since Sep.
This
1881.
1882.
the close. Cotton on the spot has been dull. Prices declined
February 10.
Week.
1,1880.
Wed:.
1, 1881.
l-16c. on Tuesday and again on Wednesday, and
on Thurs¬
80,231 103,981
8,019
359,542 20,338 492,883
Galveston
day. To-day the market was quiet and unchanged at ll%c. for
361
13,233
127
12,867
Indianola,&c.
1,079
113
747
Philadelp’a, &c.
037
2,920
13,350 19,490
80,779
350
....
There \^as on Wednesday
but a failure at New Orleans,
....
24,010 1,021,280
221.447
5,219
2 4,772
259
637,845
11,007
6,824
431,552
0,207
11
19,414
New Orleans...
Mobile
Florida
8avaunah
Brunsw’k, &<•
Pt.
Royal, &o.
Wilmington....
10,499
514,237
01,720
38,629
2,957
07,093
1.81 l
104,199
9,47-
4,925
58.9-0
24.240
590
339
2l,99o
10,463
557,098
5,030
107.511
3,575
20,407
491,624
163,654
124,262
4,083
151.43!
3,532
5,89o
86,005
98.18
x 32?
17.858
436
13,804
48.66.’
692
20,813
City Point,
New York
^
_
4.467
1,593
14,192
3,630
..
710,459
141
120,815
Norfolk
Baltimore
15,725
2,000
M’liead C.,
Boston
89
•
2,926
Philadelp’a,&o
5,OSo
77,310
.
...
.
.
.
.
.
333,252 192,217
7,98">
10,033
13,882
35,793
18.105
15,777
1,112.936 842.477
comparison may be made with other years, vre
five below the totals at leading ports tor six seasons.
In order that
New Orleans.
Mobile
Savannah
.
15,0 I
6,541
20.699
3,146
Galvest’n Ac.
1877.
1878.
oo —
1890.
1881.
1882.
Receipts at—
l
9,520
9,393
21.010
47,932
52,101
58,9 >7
4*.730
60.090
5,219
10,607
7,171
I 1.083
15,014
11.607
15,72'
15,619
18.2.>2
13.058
9,683
4,511
8.770
10,7 ->
11,421
2,305
8,023
14.952
10,499
5,57 r
Charl’st’n.
6,2 L 8
Wilm’gt’n, &.v
2.590
1,9'2
Norfolk. Ac..
17,822
15.499
11,839
J 4.0 1!
All others....
11.367
10.780
12 803
15 9*'3
11,329
13,390
Tot.this w’k.
86.779
133,723
119,851
150,8 l!
120,000
120,720
1.03
3.7 19
•
delivery for the week are 1,433,800
bales. For immediate delivery the total sales foot up this week
3,583 bales, including 385 for export, 1,649 for consumption,
in transit. Of the above, — bales
1,549 for speculation and
The following are the official quotations and
were to arrive.
sales for ?ach day of th*j oast week.
The total sales for forward
...
.....
74.317 133.725 4.*250.207
86,779
Total
•
middling uplands.
50,501
40,830
1,939
85,553
300,095
18.957
10,607
......
Charleston
371.044 277,063
47,932 1,000,092
2,015
_
.
mcnules Port Koyal. <vr.;
Moreliead Oity.&c.; Norfolk includes City Point. Ac
The exports for the week ending this evening reach a total
of 80,396 bales, of which 63,226 were to Great Britain, 260 to
France and 16,910 to rest of the Continent, while the stocks as
evening are now 1,112,936 bales. Below are
exports for the week and since September l, 1881.
made up this
From
Week Ending Feb. 10.
Exported to—
Exports
from—
13%
Fair
Ordin ’y.$tt>
Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’g
Str.L’w Mid
Middling...
Good Mid..
Str. G’d Mid
Galveston.....
New Orleans..
Great
Conti-
Total
Great
nent.
Week.
Britain.
2,177
3,930
10,715
21.7:5
137s
13*X
13,777
'15,021
23,651
353,725 170,180
15,096
6,313
147,350
1,131
166,292
671,555
22,540
3,900
140,822
266,905
96,004
8,810
15,840
236,630
8,900
Florida
......
4,047
3,243
5,779
3,243
0,82e
Wilmington...
Norfolk
New York
Boat, on
Baltimore
Philadelp’a,Ac
Total
Total 1880-81
......
17,188
1,820
5,81*
1,923
63,226
58.952
includes exports
260
1,775
t
......
260
12,271
•
•
•
16,910
22,755
19.223
1,820
5,818
1,923
110,653
122,339
46,940
209,745
210,639
72,446
46,368
31,479
15,43
18,287
1,430
2,530
16,945
40,009
1
•
•
•
.
.
20,523
200
57,189
228,165
267,703
72,647
66,894
31,670
80,396 1,331,074 245,242
515,7S3 2,092,099
93.078 1.720.710 3*4,620
R2rt.!*4.9 2.691 873
irom Port UoraJ, &c.
14*8
Wed
11*316 1
121,6 1
1238
12%
l.i3g
14*8
1338
1
14*8
14*16
Weo
Fri.
Th.
91,6
9*, «
9 ^8
1 0• , 6
10
978
978
10*3,6 lu**16 10*1X6 10*3x6
11
958
104, n
1078
1078
1 l *4.
1
111*16
11&I6
119,6
1134
1 2*8
12-38
11%
1218
12%,
1-7R
135s
1278
13%,
9%
1O01Q
11 78
12*4
12*a
13%
Fair
95
97,e
til.
3^16
Fn.
95u<
97g
9%
h Hi,, lOGw
9516
93
«
123x6
,120,6
27s
*
14*16
12
16
-•
12*4
12*4
12%
93|0
10
11 *4
*8
11
1 1*8
11 *8
1 1*8
12*8
12
12
12*8
12
12
12*2
12%
123a
12%,
13*8
i.2 %
12%
Hi *4
123s
12%
i 3*8
I23g
12%
13*4
123Q
1238
13*8
14
137s
137h
14
13%
13%
l -Vi8
15,6 11**16 11916 11916 111*16 1 I9,*,
ll*"*!,. 111:5ie
11*516 lliSie 11 *3i(i
Sat.
STAINED.
lb
Good Ordinary....
Strict Good Ordinary
Low Middling
878
978
1O016
Mon Tnes Wed
878
978
10916
813,6
9*316
1Q*s
11916 11*16 ll*a
Middling
8%
9%
107,6
1171«
Th.
13*8
Fri.
8»8
8%
9%
9%
10516 105x0
11%6 llBl*
MARKET AND SALES
8ALES OF SPOT AND
SPOT MARKET
CLOSED.
Ex-
Dull and easier..
Tues. Dull at *i6 dec..
Wed Nom’i at 1,6 dee.
Thurs Dull & nom.,*8 dc
Mon
.
.
Fri.
.
Total
Quiet
1 Con-
port, j
|
137
289
106;
289
1
....;
J
....|
Spec-
sump. uTVn
279
Sat.. Dull
107,494
1418
1138
1161«
1 *‘*16 11%
113s
Fri.
Total.
nent.
K>*-16 10*o 16
I0lu,6 10**16 1078
1138
H516
1 l^e 11*3,6 11%
12*16 121,* 12
1 2^,6
1**4
12*4
125a
1238
I2”ia
12%
1213,.
1278
1330
10*
1078
1<*%
10*8
1138
13 to
9 **
0»i«
99,6
99 6
9*4
10*8 ' 1 0*16
Toe*
Mon
Tb.
the
12,892
Mobile
Savannah
Charleston *...
'SontiFrance
1018
TEXAS.
Hat.
VIon Tut**
Wed
Midd’g Fail 13
Sept. 1, 18-31, to Feb. 10, 18*2.
Exporter! tn—
Brit'n. France
99,6
9516
Strict Ord..
97s
Good Ord..
8tr. G’d Ord 11*6
Low Midd’g 11V
Galveeton includes indianola; Cii.u-ie.-itou
Wllinlmgron includes
Mat.
Jtlost Toe*
9%
9%
9l3ly
ion,,, lOSg
11*9
11*16
110,6 11 la
Str.L’w Mid m-he 1l13Jtt 11%
12
Ui51(
Middling... 12
123s
12&16
Good Mid.. 123e
12%
120,6
8tr. G’d Mid 125s
13ie
i3l,«
Midd’g Fair 13*s
96„.
Ordin’y.$B>
3374,909 3407.924
Since Sent. 1. 3874.317 4250.267 3983,518 3592,1*9
Nat.
I
NEW ORLEANS
UPLANDS.
.
Feb. 4 to
Feb. 10
267
318
349
TRANSIT.
Tran¬
sit.
858
....
63 f
_
.
....
385! 1,649 1,549
....
....
Total.
995
56S
395
958
318
349
3,583
FUTURES.
Sales.
Deliv¬
eries.
600
93,700
900
600
155,100
185,300
500
300
400
304,000
407,900
287,800
*
3,300
*
1,433,800.
dally deliveries giveu above are actually
vious to that on which they are reported.
The
The Sales and Prices of Futures are
delivered the day pre¬
shown by the
follow¬
ing comprehensive table. In this statement will be found
daily market, the prices of sales for each month each day,
the closing bids, in addition to the daily and total sales.
the
an£
complete figures for to-night (Feb. 10),
?s|| 92|f gggf g2g! g2g| 92|!
OB
.
PM®
:
5:2.?*
.
M
g;
0
p :
1
1C.
1
•
•
n.
x
I
r i
^
w
P
.
*rj
•
:
C
; -p;
! f\
JC
,
CO
1
.
a •
•
® •
•
a»CJ®Oi
r4pi
'Coco
,
.
®
® ®
® ®
® m
pr®
3 os
-
®T5
e*®
g«S3
e * *->-o
& 2©p
<5 £ -IS
<-♦
M^CC®
ss^at3
vT~
©®
«*?cr*
M^t
—
\ ^^5*
:
®
.
p.
«
:
o:
6
•
^
1
p
!
cn
.
!
.
.
®:
k*-
Coicg
*
P ;
p •
a
.
0*
•
Q»C»^
K.^wg
^c.“
^
to or4
6o
60
•
:
P
O'
p>
8xok at Liverpool
Stick at London
t_i ®
r-
Zr±><
CO ~ p
CD
MCC3_
•g
*
.
*?©®
o
o»
•
655,000
bale*.
,
-l<l
173,614
130,419
198.750
Total European stocks..
India cotton afloat for Europe.
Anicr’n cotton afloat for Eur’pe»
961.716
206,000
445,000
60,000
8: *2.414
052,369
88.4 69
715,250
Stock in United States ports .. 1,112,936
Stock in U. S. interior ports...
345.647
United States exports to-day..
20,500
842.477
279.523
O
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Tuesday, 1182®1I 84; Wednesday, 11*61® 11*70.
The Visible 3upply
Monday, 11-88 ’
•GO pd. to excli. 2,000 Mar. for Juno.
•*<d2 pd. to excli. 100 Mar. for Apr.
•74
*03
pd. to excli.400 Mar. for July.
pd. to exeb. 100 Feb. s. n. for
regular.
•23 pd. to excli. 100 Feb. for Mar.
1*20 pd. to exch. 100 Nov. for Aug.
1 05 pd. to exeb. i ,000 Oct. fOr Aug.
Cotton,
made up
by cable and
this week’s returns, and
consequent ^
of
as
tUlegraph, is as follows. The Continental stocks are the figures
«a£ uuet
(Saturday, but the totals for Great Britain and the afloat
fae the Continent
bft&agiit down
to
are
•
•
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•
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following exchanges have been made during the week:
“42 pcL to exeb. 500 Mar. for May.
“41 pd, to exoli. GOO May. for Aug.
'4L pd. to excli 1,000 May for Aug.
“322 pa. to excli. 100 Mar. for Apr.
42 pd. to excli. 200 Mar. for May..
“4)1 pd. to excli. 100 Fdb. e. n. 9tb
for regular.
't$0 pd. to excli. 1,000 Mar. for June.
“
r-
January, 1883, 100 at 11*71 and 100 at 11’75.
January, 1883, 100 at 11*71.
Short Notices for February—Saturday, 11 89® 1192;
.
'
CN
CD X
Transferable Orders—Saturday, 12c.; Monday, ll*90c.; Tuesday,
ll eSc.; Wednesday, ll*75c.; Thursday, ir60o.; Friday, li*7oe.
The
Pp§>>1
o:
a
•
w
^
J:anuury for January, 4,252,500.
iB Iaeliules for
f O* >-*? 3- £•»-* F“-g,-si
^: f: S’SgliSg.Ssi 5:
op
>
V-
to
1 fe
O
•Inoludcs sa;ca in September, 18S1. for September. 314,000: Septem¬
ber-0 etobei* for October. 416.400; September-November for November.
51L.200; September December for December, 1,473,100; SeptemberA Includes for
•
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.
os coo*
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316.250
f^g'o
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302.866
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420.414
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615.716
38,750
figures indicate an increase in the cotton in sight
to-night of 312,385 bales as compared with the same date of 1881,
an
increase of 516,487 bales as compared with the corres¬
ponding date of 1880 and an increase of 612,911 bales as com¬
pared with 1879.
At the Interior Towns the movement—that is the receipts
for the week and since Hept. 1, the shipments for bhe week, and
the stocks to-night, and the same items for th~ corresponding
period of 18S0-S1—is set out in detail in the following statement:
1 ©
to
—
78.000
18.000
58.500
imports into Continental ports this week have been
CIO
| ©M
1 ©M
23.419
88,469
37.028
The above
W
to to
W-A
49,614
134,000
33,000
123,000
96,600 bales.
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667,000
846.873
190,765
23,000
..3,151,799 2,839,414 2,635,312
O^rt
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50**,080
994.391
345,975
9.000
..2,536.083 2,419.000 2,332,446
H4 M-*
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335,000
160,000
117,000
36,950
..
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368,000
107,000
153,000
50.800
to©
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23,000
182,000
42,000
125,716
206,000
60,000
MM©
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to to o
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78,000
667,000
18,000
846.873
190,765
East Indian, Brazil, <&c.—
.
to to
'r•j&^Ttp-A*V‘.fO*M}.itC
2.250
994.391
345.975
9,000
28,000
515,000
124.000
630,000
.
.
M—*►-.
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8.500
508.OS0
37.028
473,000
139,000
445,000
.
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29.750
I few
I fer
to to
134.000
630,000
33.000
2.500
10.750
3,151,799 2,839,414 2.G35.312 2. 5.8.888
supply
.
to to
23,400
8.250
Of the aoove, the totals of American and other descriptions are as follows
to
C 05
M-l
I X«u
Total visible
5,500
33.700
1,000
21.400
516
.
to to
tooco
6.000
264,716
05 0
66
2,932
Total continental ports....
coco:
050 05
5,300
al-~
^
81,300
2.420
38.500
22,000
41,600
17.500
Egypt,Brazil,Ac. ,aflt for E’r’pe
cox
I S»
<r> i
o I
"
1.100
7,080
5,
a a
I
to to
3,000
1.130
884
2.300
19 158
1.300
18,030
22.800
1.200
599
«"*a
MM,u
to to
516.500
127,750
718.800
697,000
134,000
‘
O'©
521,950
62.100
os«>
W M
Hl^O
x 6o
36,950
42,000
..
fe'
1879.
458,000
58,500
§
a
s s
CC X
Cl
1880.
485.000
668.000
50,800
Total Great Britain
Stock at Havre
8tock at Marseille*
Stock at Barcelona
Stock at fianiDurg
Stock at Bremen
8rock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stoe at other oonti’ntal ports.
|1
.
X
X
II
Sh8
® •
*-*
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to
£-p*>i
.
?'«WO
*
05
•
1
:
add the item of exports
1881.
1882.
P
CD-
®«
Tfc3
<^Mt*
J»OCO
£ fe^3
•
X
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OK}
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.
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we
from the United States, including in it the exports of Friday only
°
:
:
181
THE CHRONICLE.
1863.1
Vexxujlbt 11,
rr
>
r
r
r-^-M
-l* be b
lc
ccm
* to w w * a c i: to
1
n
00 c ao
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c*
^
•e'
2
to
to
-4
CO toCOM M
tcccVoi
rp
6
fi'iWWXC w
XXWCCOvlCO
CO
Vi
to Vi
to
ifto 10
to
—I
M-l
to to
UOCTMO__^1 C. p to p I- p <1X X CO Ij
x*to oWcV6 6 '&
ODCrtMOfO-J-ix
M
o CO O' X’ CO |f- to I—
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6
—
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666*m m
W< w> to -J IV—
CO CO
«—
The above totals show that the old interior stocks have de+
creased during the week 8,716 baits, and are to-night 66,124
bales men e than at the same perh d last year. The receipts at
the same towns have be*m 24,358 bales less than the same week
last year, and since Sept. 1 the receipts at all the towns are
192,797 bales less than for the same time in 1880-£1.
Receipts from the Plantations.—The following table 1*
Thursday evening; hence, to make the totals the prepared for the purpose of indicating the actual
movement each
.'1
THE CHRONICLE.
182
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made np more largely one year
than another, at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement or the
weekly movement from the plantations of that part of
which finally reaches the market through the out-ports.
the crop
RECEIPTS PROM PLANTATIONS.
'!
Receipts at the Ports.
Week
wn&ino—
l
f
'
Stock at Interior Ports Rec'pts from Plant’ns.
’79-’80. ’SO-’81. ’8t-’82. ’79-’60. ’80-’81. ’81-’82
325,903 294,337
350.364 239,093
370,247 265,235
397,538 244,942
237.980 201,855 361.926 310,015 400,601 229.024
198,435 195.808 355.943 321,225 410,363 145,323
110.735 152,429 349,859 330,509 400,904 143,402
129,604 114,368 352.883 277.359 390,783 132.013
138,879 99,990 358.074 274,293 378 609 173.971
125,070 92,081 381.S80 273.565 304,776 140,997
147,129 95,057 357.010 282,489 354.363 108.899
44
16
249,152 205,192 221,870 264,183 247.911
216.167 218,341 216.170 287.109 248,865
231 876 243 137 233,344 317,468 265,276
218,937 238,490 236.570 313,503 294.224
44
23
207,601
80
154,306
149,486
Nor.r 25
Bee.
2
««
g
•4
6
Jan.
....
44
13
44
20
129,489
168,283
44
27
137.191
3
Feb.
44
10
l! 2,363
’70-’80. ’8G-’8l. ’31-’S2.
119 851 133.723
86,779* 315.975
910,777 241,021
210,295 240,631
2^9,548 ■253,227
207.438 268,837
253,771 210,978
207,045 205.510
90,010 142,970
106,454 08,747
135.813 87.8 fe
124,342 78,248
156,053 84,844
279.5V8 345.017 107.013 130.757
78.003
The above statement shows—
1. That the total receipts from the plantations since Sept. 1
1881-82 were 4,185,064 bales; in 18S0-81 were 4,497,819 bales;
1879-80 were 4,822,192 bales.
2.
were
in
in
That, although the receipts at the out-ports the past week
86,779 bales, the actual movement from plantations was
[You XXXIV.
equivalent to about ninety-seven hundredths of
an inch of
January I have to report averaee ther¬
and lowest 24; rain on seventeen days
with rainfall of 8 inches and forty-four hundredths.”
Nashville, Tennessee.—We have had rain on four days of the
water. For month of
mometer 43, highest 70
§ast
redths.
week, The
reaching
hunthe rainfall
inches
seven
thermometer
has three
ranged
from and
34 to
66, aver¬
aging 51.
Mobile, Alabama.—It has rained on four days of the past
week, the rainfhli reaching one inch and ninety-six hundredth's.
Average thermometer 56, highest 72 and lowest 88.
Montgomery, Alabama.—It has rained severely on four days
during the past week, but as the week closes there has been a
favorable change in the weather. The rainfall reached five
inches and eleven hundredths. Average thermometer 54, high¬
73, lowest 34.
Selma, Alabama.—We have
est
had rain
on
two days of the
past week, and the balance of the week has been pleasant.
rainfall reached three inches and thirty hundredths.
thermometer has averaged 50.
Madison, Florida.—Telegram not
The
The
received.
Macon, Georgia.—It has rained on two days of the past
week. The thermometer has ranged from 31 to 68, averaging 54.
Columbus, Georgia.—It has rained severely on two days of
the past week, the rainfall reaching three inches and ninety-five
hundredths. The thermometer has averaged 58, the highest
being 63 and the lowest 47.
Savannah, Georgia.—We have had rain on four days of the
past week, and the balance of the week has been pleasant. The
rainfall reaceed forty-eight hundredths of an inch. The ther¬
mometer has ranged from 41 to 73, averaging 58.
Augusta, Georgia.—We had heavy general rains on four
only 78,063 bales, the balance being taken from the stocks at
days during the early part of the past week, but the latter por¬
the interior ports.
Last year the "receipts from the planta¬ tion
of the week has been clear and pleasant. The rainfall
tions for the same week were 130,757 bales and for 1880 they
reached two inches and forty-two hundredths.
Average ther¬
were 107,913 bales.
mometer 53, highest 74 and lowest 36.
Weather Reports by Telegraph.—Rair^y weather has con¬
Atlanta, Georgia.—Telegram not received.
tinued the past week, especially in the Southwest, where the
Charleston, South Carolina.—It has rained on three days of
rivers are over the banks. The rains and condition of the roads j the past week, the rainfall reaching seventy-eight hundredths
in a considerable section still interfere materially with the j of an inch. Average thermometer 56, highest 71 and lowest 39.
movement of the crop.
The following statement we have also received by telegraph,
Galveston, Texas.—We had rain on two days the early part j showing the height of the rivers at the points named at 3 o’clock
of the past week, but the latter portion has been clear and i February 9, 1882, and February 10, 1881.
Feb. 10, ’81.
Feb. 9, ’82.
pleasant. Work and wagoning are still suspended. AH streams j
Feet. Inch.
are out of their banks and some railroads are submerged.
The |
4
O
Below high-watermark
New Orleans
thermometer has ranged from 46 to 76, averaging 61, and the
12
9
Memphis
Above low-water mark...
14
0
rainfall reached sixty-nine hundredths of an inch.
Nashville
Above low-water mark...
17
11
Above low-water mark...
Indianola, Texas;—It has rained on two days of the past Shreveport
6
30
Vicksburtr
Above low-water mark...
week, but as the week closes there has been a favorable change
in the weather. It is too wet yet for work or transportation.
New Orleans reported below high-water mark of 1871 until
The thermometer has averaged 60, ranging from 45 to 73, and Sept. 9,1874, when the zero of gauge was changed to high-water
the rainfall reached forty-nine hundredths of an inch.
mark of April 15 and 16,1874, which is 6-10ths of a foot above
Dallas, Texas— It has rained hard on three days of the past 1871. or 16 feet above low-water mark at that point.
week, but at the close there is a favorable change in the
New York Cotton Exchange.—A ballot will be taken next
weather. The rainfall reached two inches and sixty-seven hun¬
dredths. The streams are overflowed, roads are impassable, Monday regarding^candidates for membership, and further
and work is suspended. Small grain crops are promising. Aver¬ applications are being made. Seats continue to be posted for
age thermometer 50, highest 64, lowest 36.
transfer. The following names of visitors have been entered
We had rain on five days last week, the rainfall reaching one
inch and fifty-five hundredths. Mud and slush are universal. during the past two weeks :
Lawrence Roland, Baltimore..
F. A liny, Boston.
During the month of January the rainfall reached seven inches W.
Churles Dillingham. New Orleans.
George O. Sears. Boston.
and sixty-three hundredths.
Z. Brown, Cincinnati.
FI. Shnte. Boston.
Edwin Maybriek, Norfolk.
Brenham, Texas.—During the early part of the past week S. N. Yeoman.
J. H. Wood, Bristol, Va.
G. Manly. Maryland.
we had rain on two days, but the latter portion has been clear
W. D. Van Dyke, Chat, auooga.
and pleasant. The. rainfall reached fifty hundredths of an inch. Thomas Appleton, Boston.
G. T. Kcet, Missouri.
T. Hessel, Boston.
J. C. Keet, Missouri.
The roads are impracticable, and work is suspended.
The A. G. Smith, Clinton.
Florence Minis. Savannah.
rivers are up, endangering some lines of railroad. Average C. H. Pilfer, Concord, N. C.
M. W. Joyce, New Orleans.
N. Wilziuski. Greenville, Miss.
thermometer 55, highest 72 and lowest 41.
Gus. Mayer, Vicksburg.
Jno. Oothout, San Antonio.
Palestine, Texas.—It has rained on one day of the past A. L. B. Zerega Aldie.
Meyer Augusto, Ga. *
week, the rainfall reaching nine hundredths of an inch. As the Siegfiled Olrich, South Carolina.
week closes there is a favorable change in the weather. On the
Ejropean Cotton Consumption to February 1.—We have
uplands some little work is being done. The streams are over¬ received by cable to-day Mr. Ellison’s cotton figures brought
flowed. The thermometer has averaged 51, ranging from 37
down to February 1. The revised totals for last year have also
to 64.
New Orleans, Louisiana.—It has rained on three days of been received, and we give them for comparison. The takings
the past week, the rainfall reaching sixty-two hundredths of an
by spinners* in actual bales and pounds have been as follows:
inch. The thermometer has averaged 59.
Total.
Shreveport, Louisiana.—The weather has been generally
Continent.
Great Britain.
From Oct. I to Fib. 1.
fair during the past week, with heavy rain on the 3d inst. The
For 1881-82.
rainfall reached three inches and sixteen hundredths. The
914,COO
2,088,720
1,174,430
thermometer has ranged from 40 to 70.
Takings by spinners.. .bales
440
438
442
Vicksburg, Mississippi.—We had rain on three days during Average weight of bales....
519,098,000 400,459,020 919,557,080
the early part of the past week, but the latter portion of the Takings in pounds
week has been clear and pleasant.
For 1880-81.
Columbus, Mississippi.—It has rained on three days of the
1.940,780
851,350
1,039,430
Takings by spinners.. .bales
past week. The thermometer has ranged from 32 to 68, aver¬ Average weight of bales
443
441
454
aging 52, and the rainfall reached two inches and thirty-three Takings in pounds
870.040.570
494.601,220
375.445,350
..
c
,
...
hundredths.
h
Little Rock, Arkansas.—We have had hard rains on three
days of the past week, and it has been clear on three days.
The rainfall reached five inches and twenty-eight hundredths.
The thermometer has ranged from 35 to 67, averaging 49.
Our Little Rock correspondent writes: “I have been absent
and missed sending telegrams for two weeks. For week ending
January 19, 1882, have to report, as follows: Fair on two days;
remainder of the week cloudy, with rain on each day; average
thermometer 42, highest 65 and lowest 24; the rainfall reached
three inches and sixty-nine hundredths, with some sleet on the
18th. For week ending 26th: Friday, Saturday, Sunday and Mon¬
day fair or clear, remainder of week cloudy and rainy; average
thermometer 46, highest 70 and lowest 29; rainfall fifty-five hun¬
dredths of an inch; on the 30th we had ten inches of snow-fall,
According to the above, the average weight of the
in Great Britain is 442
pounds
per
deliveries
bale-to February 1, against
pounds per bale during the same time last season. The
Continental deliveries average 438 pounds, against 441 pounds
454
last year,
and for the whole of Europe the deliveries average
pounds per bale, against 448 pounds during the same
period last season.' In the following table we give the stock
held by the mills, their takings and their consumption, each
month since October 1, all reduced to bales of 400 pounds each
for this season and last season. It is a very convenient and
440
useful summary.
February 11#
THE CHRONICLE.
1882. J
1881-82.
Feb. 1.
Fates of 400 lbs. each.
000s omitted.
Oct. 1 to
Great
Conti¬
Britain
nent.
25,
Spinners’ stuck Oct 1.
Takings in October...
336,
361,
Total supply
280,
Consumption in Oct..
Spinners’ stock Nov. 1
Takings in November.
81,
363,
Total supply......
444,
280,
Consumption in Nov
.
1880-81.
Great
Conti¬
Britain
nent.
Total.
240,
133,
265,
27,
469,
271,
373,
232,
734,
512,
298,
264,
308,
449,
261,
348,
264,
893,
541,
112,
129,
139,
400,
211,
216,
539,
84,
46,
338,
352,
645,
382,
331,
495,
261,
997,
611,
466,
349,
377,
Consumption iu Deo..
502,
350,
Spinners’ stock Jan. 1
Takings in January..
152,
261,
234,
253,
386,
514,
Total supply..—
Consumption in Jan..
413,
280,
487,
232,
900,
512,
Spinners’ stock Feb. 1
133,
255,
3S3,
Spinners’ stock Dec. 1
Takings in December.
Total supply
,
480,
Great
Conti¬
Britain
nent.
nent.
Total
98 6,
1,050,
926,
2,313,
2,075,
133,
255,
388,
114,
124,
238,
58,0
58,0
5S,0
58,0
128,0
128,0
128,0
66.0
54,0
66,0
54,0
68,0
69,0
54,5
120,0
120,0
122,5
54,5
122.5
Weekly Consumption.
00s omitted.
f
70,0
The
128,0
foregoing shows that the weekly consumption in Europe
Btill continues at 128,000 bales, of 400 pounds each, and that tlie
mills both in Great Britain and the Continent have better
stocks than
34438
12,915
“
9....
13.350
18,721
“
10...
19496
17,049
Total
for
1881.—In
to-day will be found Mr. Ellison’s
viewing the cotton trade of 1881.
very
our
editorial pages
interesting circular
re¬
,
28,495
19,795
23,729
38,564
23,999
23,378
25,634
24,175
8.
8.
23,468
22487
28,011
35,541
20,000
28,732
22,343
25,353
16,653
17,146
19,637
25,768
15,706
8.
22.806
8.
15,100
34,476
8.
3,874,317 4,222>593 3,922,306 3,499,999 3,269,979 3,308,277
71-88
78-42
78-70
7525
81 93
India Cotton Movement from all Ports.—The
figures which
collected for us, and forwarded by cable each
Friday, of
the shipments from Calcutta, Madras, Tuticorin,
Carwar, &c.,
enable us, in connection with our
previously-received report from
are now
Bombay, to furnish
our
readers with
movement for each week.
for the week and year,
complete
full and
a
India
We first give the Bombay statement
bringing the figures down to Feb. 9.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments this week.
Year Great.
Conti¬
BriVn.
nent.
Total.
Shipments
Great
Britain
1882 27,000 4,000 31,000 109,000
1881 1,000 39,000 40.000 27.000
1880 5,000 5.000 10,000 23,000
1879 7,000
7,000 2 4,000
since
Conti¬
Jan. 1.
Receipts.
This
Week.
Since
nent.
Total.
61,000
61.000
38,000
21,000
170,000 47,000
88,000 26.000
64.000 27,000
45,000 18.000
Jan. 1.
235,000
139,000
116,000
87,000
According to the foregoing, Bombay appears to show au
increase compared with last year in the week’s receipts of 21,000
bales, and a decrease in shipments of 9,000 bales, and the
shipments since January 1 show au increase of 82,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the
same
week and years has been as follows,
0ALCUITA, MADRAS, TUriCOKlN, CARWAR, RANGOON
Shipments this week.
year
Ellison’s Cotton Review
1876-77,
This statement shows that the
receipts since Sept. 1 up to
to-night are now 348,276 bales less than they were to the same
day of the month in 1881 and 47,989 bales less than they were
to the same day of the month in 1880.
We add to the table
the percentages of total port receipts which had been received to
February 10 in each of the years named.
ago—that is to say, together they hold
388,000 bales, against 238,000 bales same time last year.
a
11,239
238,
1,263,
1.149,
January
21,929
124,
2,564,
.2,176,
In
8....
8.
20,763
23,435
HI,
1,211,
In December
“
16,697
14,970
12,207
218,
1,323,
1,190,
70,0
70,0
7....
15,582
728,
490,
139,
2,174,
In November
6....
“
26.031
342,
112,
933,
=
“
8.
386,
272,
27,
1,236,
70,0
“
1877-78.
4,025,800 3,768,011 3,269,740 3,089,246 3,101,969
21,769
27,938
port reo'pts Feb. 10
265,
2,299,
In October
4....
5....
1878-79.
8.
510,
240,
1,091,
Spinr era’stock Feb. 1
3....
“
1879-80.
36.304
241,
25,
Spinners’ stock Oct. 1.
Takings to Feb. 1.... 1,299,
Supply
Consumption
“
1880-81.
22,580
20,354
15,203
Percentage of total
Conti¬
comparison of the movement
8.
218,
Great
exact
13.075
101,
Britain
an
22,962
11,049
22,348
10,059
117,
269,
1880-81.
Total.
2....
276,
1881-82.
000s omitted.
“
843,
625,
-
400 lbs. each.
Tot. Jn.31 3,741,549
Feb. 1....
12,592
130,
713,
comparison with last year is made more striking by
bringing together the above totals and adding the average
weekly consumption up to the present time for the two seasons
Bales of
shall be able to reach
1881-82.
610,
480,
Tlie
Oct. 1 to Feb. 1.
we
59,
551,
262,
216,
189,
307,
164,
26,462 bales less than at the same time in 1879-80. By adding
to the above totals to Jan. 31 the
daily receipts since that time,
for tlie different years.
25,
237,
34,
314,
222,
671,
141,
Total.
183
Year.
Great
Britain.
1882
i88L
1880
1879
Conti¬
nent.
Total.
12,000
11,000
4,009
16.000
2,000
13,000
2,6*00
4,600
6.000
Jute Butts. Bagging,
*
AND KURRACHES.
Shipments since January 1.
Great
Britain.
-
46,000
53,000
8,000
14.000
Conti¬
nent. -
Tota*
25,000
71,00?
89,000
14,000
22,000
36,000
6,000
8.000
&c.—Bagging has been in fair demand
The above totals for this week show that the movement from
during the week, though-the market is not active. There is the
ports other than Bombay is 3,000 bales more thau same
considerable going on contract, manufacturers
delivering quite week last year. For the whole of India, therefore, the total
ship¬
freely. There are not many inquiries for large parcels, but ments this week aui since
Jan. 1, 1882, and for the corresponding
jobbing orders are coming in quite freely. Holders are steady weeks and
periods of the two previous years, are as follows.
as to price, and we do not hear of
any goods offering below our
EXPORTS TO EUROPE FROM ALL INDIA.
quotations, which are 8%c. for 1% lbs., 9c for 1% lbs., 9%@)
9%c. for 2 lbs. and 10%c. for standard grades.
Batts have
1882.
1881.
1880.
not been active, and we do not hear of
SHvments
any large parcels
to all Europe
This
Since
This
moving. There has been a fair inquiry for small lots, and some
Since
This
Since
from—
week.
Jan. 1.
week.
Jan. 1.
week.
Jan. 1.
1,500 bales are reported placed at' full figures. Prices are
about as last, though an easy feeling is noted, and while some
Bombay
31,000
170,000 40,000
10,000
64,000
holders ask full rates there are some who are
o
o
71,000 13,000
disposed to shade All other p’rta. 16,000
14,000
a fraction.
At the close the market may be
quoted at 2%^
Total
47,000
241,000 53,000
177,000 10,000
76,000
2%o. for paper grades, and 2%@3c. for bagging qualities.
This last statement affords a very interesting comparison of the
Comparative Port Receipts and Daily Crop Movement.—
total
movement for the week ending Feb. 9, and for the three
A comparison of the port movement
by weeks is not accurate years up to date, at all India ports.
as the weeks in different
years do not end on the same day of
Alexandria Receipts and Shipments.—Through
the month. We have
consequently added to onr other standing we have made with
arrangements
Messrs. Davies, Benachi & Co., of Liverpool
tables a daily and monthly statement, that the reader
may and Alexandria, we now receive a weekly cable of the movements
constantly have before him the data for seeing the exact relative of cotton at Alexandria, Egypt. The following are the
receipts
movement for the years named. The movement each month and shipments for the
past week and for the coiresponding week
of the previous two years.
since September 1, 1881, has been as follows:
Alexandria, Egypt,
Tear
Monthly
Receipt&
1881.
Bept’mb’r
1879.
L880.
425.770
October..
Hovemb’r
Decemb’r
458478
837,349 968,31s
951,078 1.006,501
933,440 1,020,802
January
513,912
.
571,701
Feb. 9.
Beginning September 1.
1878.
1377.
333,643
888,492
288,848
98,491
689,264
942,272
956,464
647,140
779,237
578,533
822,493
900,11b
689,610
893,664
618,727
Totalyear 3,741,549 4,025,800 3,763,011 3,269,740 3,039.246
Tero’tuge of tot. port
6853
75-34
^oeipto Jan. 31.,.
73 52
7108
1876.
This week....
Since
Sept. 1
50,000
2.577.550
This
week.
901,392
Exports (halos)—
To Liverpool
To Continent
3,101,969
Total
■
76-82
1880-31.
1979-80.
Receipts (cantars*)—
236,868
675,260
787,769
500,680
1881-82,
*
Europe
Since
Sept. 1.
70,000
2,360,000
This
week.
Since
Sept. 1.
9,000 185,000
5,000 165,000
11,526 116,642 10,416
67498J
75.000
3,050,000
This
week.
rH
<0
s? COP
Sines
Sept. 1.
219,500
125,757
20,526 301,642 15,416 232498 19.488 345.257
4. oantar is 98 lbs.
This statement shows that the
This statement shows that
receipts for the week ending
up to Jan. 31 the receipts at the Feb. 9 were
50,000 c&ntars and the shipments to all Europe
ports this year were 284,251 bales less than in 1880-81 and
were 20,526 bales.
received from Manchester
to-night states that the market for both twists and shirtings is
flat and easier.
We give the prices of to-day below, and leave
previous weeks’ prices for comparison:
Market.—Our report
Manchester
188C-81.
1881-82.
OotVn
32s
8*4 lbs.
Shirtings.
Cop.
Twist.
.23
10
30
Jan. 6
“
13
“
20
“
27
Feb. 3
93s® 10
93&STO
9%® 10
5) 1-2® U)
9 4® 10
9%® 10
9^8® 10
“
“
"
10
6
6
0
6
6
7^®8
7i2 2)8
0
0
1*2
09ig
0
63i«
0
0
0
0
0
6*
0
OSs
65g
Hg
5)58 ®io
9^8 ®10
7
6Hlft
95g ®10
1
6%
6 Hi
Shipping News.—The exports
States the past week, as per
1
978 ® 10%
9% ®10H)
93s ®10*a
938 aioifi
939 ®10%
93a ®io*4
69ig
61 >16
0
0
®8
®8
6
6
[G
s.
d.
d.
9 ^ ® 97e 6
d
4
<1.
8.
6 ®8
6
®8
6
®8
6 ®8
6
@8
®8
6
4. 8.
0^10% 6
9 *4® 10 •
«l.
Deo. 9
“
16
Upl 's
CotVn
Mid.
8^ lbs.
Shirtings.
32* Cop.
lwist.
Mid.
d.
s.
9 ®8
0
®S
0
®8
0
®8
d.
0
1Hj®8
4^
7
7
0
6
6
6
6
97a®8
9 78 ® 8
978 ®8
97a 48
®8
ot cotton from
Uplds
d.
638
613jg
6 Hie
6%
lHi
3*3
1»*
6%
630
3
278
6?IG
67ts
278
2,024
2,102
York—To' .Liverpool, per steamers Germanic,
Italy. 3,263
Lake Manitoba, 3,15)4
Republic,
New
•
Scythia, 2.198
Wyoming. 2,400
308
Furnosia, 1,025.. .Scandinavia, 9
260
To Hull*, per si earner Galileo,
To Glasgow, per steamers
To 11avie, per steamer, St. Laurei t,
To Bremen, per steamer Oder.
To Hamburg, per steamer
To AntWeip, per steamer
New Orleans—To Liverpool, per steamers
15,816•i
30
1,034
200
1,595
1,595
30
150
Wieland, 30
Belgenland, 150
Emiliauo, 4,500
Oxenholmc, 0, L05...Puertoriqueno, 4,680
Jua»o, 3,200
per ship Melmerby.
5,44 l
To Havre, per bark Pliiseii, 3.019
To Bremen, per bark Senator Ikon,
To Malaga, per bark St. Olaves, 1,700.
4,503
Charlestons—to Liverpool, per ship Andrew
Uplan i aim 231 -ea Island ...per brigs
Upland
Leouardi, 1,230 Upland
To Bremen, per bark Expedit. 1,117
24,229
3,019
4,503
1,700
Jackson, 3.521
Juliana, 1,100
6,082
1,117
Upland and 5
9,030
Her-
4.851
1,6 i 7
727
1,107
2,241
2,398
50
2,241
Carolina, 2,398
Nederland. 50
Boston—To Liverpool, per steaiuero Atlas. 1,239
Iberian,
1,651
Iowa, 3,442
Istrian, 1,018
Philadelphia—To Liverpool, per steamer Indiana, 650
San Francisco—To Liverpool, per bark famaya, 123 (foreign)..
ba:k Augantyr,
Baltimore— To Liverpool, per
To Rotterdam, per steamor
steamer
7,303
650
123
90,030
Total
The particulars of
form, are as follows:
Liver-
pool,
24,229
Charleston.
6,082
Savauuah..
9,030
4.851
Mai-
<£ Ham- Rotter-
dam.
orders. Havre, bury.
200 1,625
3,019 4,503
aga.
1,700
1,117
1,290
45,000
3.400
9.800
632,000
452,000
45,000
4,100
9,600
655,000
70.000
296,000
50,000
360,000
208.001
248.000
64,000
295,000
204,000
Saturday Monday.
473,000
92,000
73,000
360,000
232,000>
Market,
Fair bus.
at previ-
l
J
ous
Fair
demand
prices. freely mot
Wednes.
Thursday.
Dull
and
easier.
Easier &
Dull
and
easier.
.Orl’ns
10,000
1,000
8,000
10,000
1,000
LOOO
500
Dull.
Weak.
Dull.
Dull.
Dull.
Dull.
8,000
1,000
Sales
8pec.ife exp.
fr’ction’ly
cheaper.
69ig
Oiije
8,000
638
6%
-id.Upl’ds
Aii
Tuesday.
CSs
63a
65a
6%
6%
6%
Futures.
Market,
12:30
Friday.
.
Spot.
f.m.
{
1
Weak.
Market,
?
5 P. M.
£
Dull
but
steady.
j
The actual sales of futures at
below. These sales are on the
unless otherwise stated.
Flat and
Weak.
irregular.
Very flat.
6Hj
6lli«
8.000
1,000
FI not*>
ttting.
Irregular.
Liverpool for the same week are give®
basis of Uplands, Low Middling claus<*
Saturday.
d.
Delivery.
Feb.-Mar...
•
•
62132^0q
6243a
Mar.-Apr...
Apr.-May...
62532
Feb
6i932
0t©32
d.
Delivery.
d.
Delivo'y.
May-Juue
June-July
-.-.62732
Mhv-.Juii ••».
....07e
July-Aug..
....029^
Monday.
Feb.-Mar
July-Aug.
0%
May-June...6i31Bs>2532 Mar.-Apr
April-May
"...62732
OGig June-July
Mar.-April
•6*16
■G»i«
02132
Feb
Feb.-Mar.
Mar.-Apr.
July-Aug
«213J
G7t
Total.
19.223
33.451
7,15)9
9,030
727 7,195
1,107
2,241
2,448
7,363
65o
123
727 90.030
June-July
July-Aug..‘
Feb
Feb.-Mar.
Mar.-Apr..
Apr.-May
02332
(»2532
May-June
June-July
61‘32
05s® 19;-; 2 1 July-Allg
6'-7;$a
678
.f
...OitiQ \ Aug.-Sept
.
6%
July Aug
Apr.-May
Aug.-Sept
6isi«
62i32
027*s
Thursday.
6’31g June-July
619;12 Aof.-Mtv.'.
■-G^ig®1732 Aug.-Sept
Mar.-Apr..
6^8
April-May
May-Juue
June July
July-Aug..
.
0H
i0,S>2132
(j2332
62532
61332®7ig
6153o ®
Apr-Ma3r.6i732® 4®9ie
Feb.-Mar
Mar.-Apr
.
Apr.-May
...on>32
Feb
Feb.-Mar
h916
O3^
May-June
July-Aug
6%
Friday.
July-Aug
62332
Aug.-Sept
62332
OSg
May-Juue
6i3;,2
61^32
..o9ig®1932 i Feb.-Mar
June-July
Vera
Crue.
623. i2 1 Aug.-Sept
6i3lg 1 May-Juue
078 j
Apr.-May
Wednesday.
May-June
Bremen
Cork,
for
15,840
New York..
N. Orleans.
arranged in our usual
these shipments,
107.000
74.000
3,200
3.700
Tuesday.
Savannah—To Liverpool, per ship Alfred. 4,045)
Sea Island
per bark Strathay, 4,076 Upland
TEXAS—To Liverpool, per barks Henrik tbsen, 1,770
manos. 1,334
Sigrid, 813
pur brig Mary, 934
To Cork, for orders, per bark Virgo, 1,617
To Vera Cruz, per steamer Whitney, 727
Wilmington—To Bremen, per brig Express, 1,107
Norfolk—To Liverpool, per
14,500
597,000
430,000
60,000
spots aud futures each day of the
closing prices of spot cotton, have
I2:30p.m
the United
1,940
30.000
3.000
8.00C*
631,000
454,000
89,000
49,500
4,100
—
01,000
2,500
2,900
Feb. 10.
The tone of the Liverpool market for
week ending Feb. 10. and the daily
been as follows:
0916
09ig
27e
Total bales.
-
Total import of the week
Of which American
Amount afloat
Of which American.
48.50<
67,000
2,200
2,100
Sales of the week.... —bales.
Of which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which Auiericau—Estim’d
Feb. 3.
Jan. 27.
Jan. 20.
latest mail returns, have reached
90,030 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, aud published in
the Ciironiclb last Friday. With regard to New York, we
include the manifests of all vessels cleared up t? Wednesday
night of this week:
[Vot. XX XIV.
CHRONICLE
THE
184
6-132 I Apr.-May
Mav-June
une-July
July-Aug
Aug.-Sept
May-June
....0%
....
0is1€
BREADSTUFF S.
,
Friday. P. M..
February 10, 1882,
fairly active and firm for the first half
demand, however, was mainly
Norfolk....
2.211
Baltimore..
2,^9 x
59
for export, as the local trade was held in check by the extreme
7,303
Boston
difficulty of delivery through our snow-encumbered streets.
Pliiladelp’a
650
S.Frauoisoo
123
The check to the home demand weakened piices for the medium
Total... 72.813 1,617 3.279 8,352
50 1,700
and better grades, and yesterday, under Western advices, they
Included in the above totals arc, from New York to Hull, 308 bales, to
were sold freely at a reduction for export,and the close last even¬
Glasgow, 1,034 bales, and to Antwerp, 150 bales.
Below we give all news received to date of disasters to vessels ing wa3 very unsettled. To-day the feeling was one of depression,
especially in the high grades. Rye flour has remained about
•arrying cotton from United States ports, etc.:
Amaryllis, steamer (Br.), Blayburn, from Savauuah, January 9, for
8teady,but closes weak, and corn meal without quotable change.
So .atopol, put into St. Michaels prior to February 2, with rudder
Buckwheat flour advanced, and on Tuesday there was the rather
sligntly disabled. Would repair and proceed.
Vidal Sala, steamer (Sp ), before reported, from Savannah for Barce¬
notable sale of 1,000 bags to arrive from Chicago at $3.
lona, rc-loudeu cargo at Charleston aud sailed thence February 2,
The wheat market was feverish and unsettled throughout
for destination.
Naples, stunner (Br.), from Sivannah for Bremen, arrived at Bremen,
most of the week under review. Some of the Western markets
January 30. She had been on tire and damaged her cargo.
Ella S. Tiiayeii, ship, at Liverpool. January 23, from New Orleans, on
yesterday became very unsettled and depressed, and we
December 27, in lat. 3i, Ion. 73, in heavy southwest gale, shipped
huge quantities of water and lost one boat, a portion of the star¬ sharply in sympathy. Receipts at the West continue in excess
board quarter rail and stanchions.
last year, and Western holders have made some effort to reduce,
Cotton freights the past week have been as follows:
stocks by shipping to various European markets on consign¬
ment. To-day the market has been quite irregular, and the
Fri.
Wednes. Thurs.
Toes.
Mon.
Satur.
close is somewhat unsettled; No. 2 red winter $141/4 for
%
3ig® 4 3i<i® ‘4 31 ® I4
Liverpool, steam d. 732®9I2 7;JO ®932
March, $1 43% for April and $1 42% for March; No. 1 white
3mV4 3IG'314 31G® l4 316® J4 3ig® H
Do
saiL..d. 31G® J4
$1 36% on the spot; spring growths still quite nominal.
7
7lii® H3 716® H) 716® ^3
n,® hi 7ie® ^
Havre, steam
r.
Indian corn has declined materially. The receipts still ex¬
Do
Sail
-
Texas
1,017
1,107
Wilmington
The flour market was
of the week
under review; the
declined
of
b
....
.
.
.
.
....
....
....
....
periods of last season,
increased,
while the decline has
71G
71S
716
7L6
"13
71C
Hamburg, steam
not appreciably augmented the demand, which has continued
Do
sail..."
moderate, whether for export or home demand. * The Western
h
Ti‘>
7ig
Amst'd’m, steam
marke's feel the absence of a Southern demand, which is re¬
Do
sail...38®716
38®71G
38®71G 38®716 38®716
tarded by the long succession of laws in that section, and stocks
Baltic, steam—H32
11.32
aL32
“aa
n32
n32
sail
Do
r.
maintained at full figures. To-day the market for mixed
Compressed.
for
was dull and unsettled.
No. 2 graded closed at
Liverpool.—By cable from Liverpool, we have the following
March, 6D%c. for April and 70%c. for May.
statement of the week’s sales, stocks, &c., at that port:
Bremen, steam.
Do
71G®1!*
•
sail
....
.
.
.
.
....
716® H)
....
716® ^
....
716® ^
....
ceed at the West
the corresponding
and the pressure
to sell has
<
....
....
....
....
....
....
%
....
....
....
....
t
are
4
'
CHRONICLE.
THE
11, lbtS.J
February
185
Honduras, &c. There was a freer demand for brown cotton •
at first hands, with less hesitancy on the part of bnyers to
take hold at current prices, and colored cottons were iu steady,
though moderate demand, at unchanged prices. Fine bleached
shirtings and cambrics were in fair request and firm, but lowgrade bleached cottons were slow of sale. The supply of plain
and colored cottons is by no means large, and holders are not
FLOUR.
therefore inclined to press business, notwithstanding the
3 65
City
shipping
$6
75®
7
50
extras.
No. 2 spriug...# bbidrooping tendency of the staple. Print cloths have ruled
4 30
Southern bakers’ and
Ko. 2 winter
34 40®
4 65
30 a
brands
8
00
family
6
25®
quiet, in sympathy with prints, and prices were almost nominal
Winter alii.;-.-rime
Soutii’ii sii ip’g extras.
4 20 a 4 50
5 40.® 0 00 at
Spring supertiue
13-I6c. less 72 per cent, for G4xC4s, and 3xi@3 5-16c. for
4 75® 5 25
Rye
4
5
Hour, superfine..
85®
10
Soring wheat extras..
Corn meal—
50 a 7 25
Pdo XX and XXX... 65 50®
56x60s,
some small sales having been made at a fraction below
7 00
Western, Ac
3 35® 3 75
Wis. & Mitn. rye mix.
5 00® 5 50
Brandy trine. Ae
3 75® 3 85 these figures.
Prints were slow of sale, and the demand of late
Winter shipp’gextras.
Buckw’t flour, 100lbs.
3 25® 3 60
do XX and XXX...
S 60® 87 50
has
been
so unsatisfactory that an early curtailment of produc¬
75
Patents
1
tion is highly probable.
GRAIN.
Ginghams were in irregula? demand,
Oats
and there was a fair business in cotton dress goods, seersuckers
Wheat®
44
®l 35
Mixed
4-Lj
Spring-per hush. $1 20
and skirtings.
®
52
47
®1 33
White
1 3 >
Spring No. 2
Bye has ruled dull, with prices showing more or less depresiion. Barley and barley malt have been quiet, but are firmly
held. Oats have been quite depressed; the accumulation of
§now in our streets has brought the local trade nearly to a
•tand still; No. 2 mixed, for future delivery, sold to-day at
48%c. for March, 48%c. for April and 48^c. for May.
The following are closing quotations:
*
..
Red winter
.
Red winter. No. 2
White
* ■ ■ *:
Corn-West, mixed
West. mix. No. 2.
l 32
®1
1 39^SI
l 30
®1
®
GO
No. 2 mixed.
No. 2 woite
42
40
33
Barley—
3.
G3Lj
yellow..
white ...
70
75
®
@
73
79
Southern white..
ro
85
70
®
®
el
w
73
93
90
a
07
Southern yellow.
Boat
loads
1 14
1 16
1 05
Canada No 1....
Canada bright...
GO
68
Western
Western
47 3* £>
S>
48
...
State, 4-rowed...
90
State, 2-rowed...
Barley Malt—
Domestic Woolen Goods.—There
Jfcl 15
6)1 17
®
®
....
93
1 17 *2®1
Canada
State
Buckwheat
98
80
30
■ai 12
®
82
(From the" Veto Ytrk FrrhiM Ecchtnie iVi*':!/.”)
Receipts of dour an l grain at
for the week endiag Feb 4, 1832:
Wheat,
Flour,
bb’n.
( 196 tbs.)
69.088
G 1.82 »
300
At—
Onicasro
Milwaukee
Toledo
Detroit
12,212
4,356
Cleveland
Bt. Louis
28.9 >!)
2,125
Peoria
Dul utli
Total
Same time
16,575
10,120
riv-**
an i
Oats,
Hurley,
bush.
bush.
(32 lbs.) (48 lbs.)
407.1-0 120.393
73.875 100,810
Corn,
bush.
bush.
(50 lbs.)
(60 lbs.)
191.3 10 l,,231.407
315.374
72.970
121.931
111.614
74.3 23
16,446
59.0 0
0,87 >
274 939
76 5.780
9,033
......
15.900
30 800
118.080
13.354
'»
•
!
S
H;r.
bush
ft6 lb18 3 05
12,000
6
413
3
12.450
28,500
15,950
95.850
420.350
6.254
37,250
811.678 297.457
55 41 x
’81. 1 4 i, 1 i9
611,441 1.472,392 732,361 193 510 39,573
The visible sapply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Feb. 4, 1882, was as
\t
the
follows:
Wheat,
hush.
In store at—
New York
Do. afloat (est.)
Alhanj (28th)
Buffalo
3lhca®o
Milwaukee
Duluth
Toledo
Detroit
Corn,
....
_.
Oats,
bush.
4,283,722
4,373,939
799.000
9.500
478.592
3.067,239
l,o 53,3 04
221,000
88.030
176,9 24
bush.
418,120
166,000
34,500
5.913,642
25,539
856.454
594,753
38,992
15,545
17,33 7
Barley,
bush.
Ry>
bush
43,317
215.000
123,235
183,00>
301,799
332,127
273,198
63,590
29.00
»
461 236
115.37.-3
080,500
808,419
783,082
110,000
837,937
35.326
Oswego
Bt. Louie
Bostou
Toronto
Montreal
2,183.861
144,159
303,348
108.824
10,000
13,278
725,000
158,172
12,879
4,554
303,545
59,015
56,120
31,934
392,346
364,132
140,671
264,167
128,000
100,471
780,389
30,294
2,397,426
59,900
105,071
16,900
36,014
9,162
19,760
150,000
293,616
96,559
394,620
7,668
Philadelphia
Peoria
298.000
Indianapolis
Kansas City
232,537
Bftlthrxre
1,348.182
Down Mississippi.
6,372
803,465
On rail
818,949
•
•
•
•
10,837
20*000
moderate, but there
177,525
was
fair movement in cassimeres
a
Foreign
either first
back orders.
Dry
or
shown much animation in
Goods have not
second hands, the inclemency of the
ImportailoiiM of Dry Goods.
importations of dry goods at this port for the week
ending Feb. 9, 1882, and since January 1, and the same faeta
for the corresponding periods of 1881, are as follows:
The
83,793
C3
849
fsggfig
s
17,017
36,789
-
“
■—*
cr+ w
fssssf
2
I!?
—
7
®
i z.
j=
ll
5
x
*
CC
.
-4 ro
> 3J
•
•
•
cc
ob
3JI
1
CO
2
—
toco
M ^
oco
O. M’X-I X
I-* CO
OO-vlOM
C5-4
O'
10 m
M
Q
er¬
MM
as
feeling in domestics, a
alight advance has been made upon certain makes of heavy
woolens, because of the increased cost of wo ol, labor, dye-stuffs,
®c.
The jobbing trade has been checked by the unfavorable
condition of the weather here and in many parts of the
interior; but a fair distribution of staple goods was made in
package lots by a few of the larger jobbers.
Domestic Cotton Goods.—The exports of domestics from
Dus port, for the week
ending February 7, were 2,905 packages,
1,421
to
including
China, 910 to Great Britain, 147 to Mexico,
111 to Venezuela, 108 to
Unitoi States of Colombia, 53 to British
b*
1
CO*
O
O
X
O
r:~
b
-4
tOM
OCX
to
C. C5
O
>1H
00
COM
M-4
tOC5
00
cr
M 00 05 CO X
M O 0* 0 O
to 00 to M CO
CO M tO ip* X
M-4 tO *•! >4
X
C«XtOO*On66
i
b* to
>001300
40 hU to O*
re
<JCOt3 3J* W
O’*
CO**-4.4
05 0*
PCO>liP
CO M tO <35 CO
0
bto
biMtOOOCO
M M
M
M if. M O C*
M -4 -f O C5
05
►-
30 l?
b
to
CC -1 M
b- CJ*
1—1
xz
co 0
0 0
M 30 O CO CO
—
K)
C/t <1 £. O 0*
b
O CO
Ip. b
UWC-4-4
U* iP* CX) M 05
Ci
.
K
i—d
M
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M(t-
1—
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t^0 3J»X3;*o.66
HOP C: M
'b’MCO^JM
to
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■vp
coo
05 to
to to to M CO
>— 035 C5 O.
CO
0105
OOOHMwl
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►
s
<JC0
M
•1
tO M M M M
CO Vi tO 3n ^
CO QO tO — M
ip.*40 05 0
CO
coo
>4
toov
b
B
M
M O' CO CO m
(X> O (X M O*
CC5
MOXMO
It-
X 05
co If. CO m >1
M
M
tO
iP>IQ4tO
tobVO
CO
K
fr
C
u
M
cc
to
0
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rv
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vc
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S3
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a1
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CO |U O 3J« O
c
Co
M
k.
M
*>1
c
fC
srj
a:
j>
*3
M
tO'O
PC
M
b
«
■M V* m tC M
00
COP*
Tj
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cc-
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as
to
CO
co
K
o*obb*f-
to
o<
C*
—
IP.
Domestic cotton goods were only in moderate request, and
printed calicoes continued sluggish; but the opening of new
heavy cassimeres and worsted coatings for next fall has given
an impetus to the demand for
clothing woolens, in which a fair
business was done by agents representing some of i lie most
popular mills. The tone of the market has been fairly steady,
S3
<
Ip.
M
•
x to x
-il vi-, 1
having been retarded by the inclemency of the weather.
rather better
•
•
tz to a t. pt*
i~ X tO C5 35
! X >P- •
CO
o*
30
a
.rif
K. tO
CCM3JCOCO
■*4 00 X Cj OO
TRADE.
Friday, P, M., February 10, 1S82.
was
•
C5 3P
m co
There was an irregular movement in dry goods the past week,
the demand for many kinds of spring and summer material
and while there
;
;
5i;i29
Ci:
GOODS
=
2
*5J
-1
DRY
weather
having militated against their distribution. Imports continue
heavy, but prices of the most staple fabrics are well maintained
in this market and at the sources of supply in Europe.
17.752,142 17.816.161 3.205.621 2,824,713 1,158,983
17,321,895 16,954.623 2,976.059 2,599.192 1,333,782
17 381,910 *6.631,085 2.663,090 2,752.860 1,273.515
17.5: 0.421 1G,426,381 2,628,193 2.818.193 1.248,964
27,495,103 16.499,062 3.443,994 3,405.281
736,728
THE
on
were
Tut. Feb. 4. ’82... 18,027.998 18.313,139 3,180,306 2,792.782 1,145,926
Jan. 23. '32
Jan. 21, *82.
Jan. 14, ’82
Jau.
7,’82
Fel).
5, ’81
better demand for
Kentucky jeans remained quiet, and
lightly dealt in. Worsted dress goods and dress
flannels have been fairly active iu agents’ hands, and there was
a satisfactory business in carpets.
account of
-
11,708
a
heavy woolens by the clothing trade, and the supply was
increased by the opening of new styles by manufacturers*
agents. Heavy all-wool fancy cassimeres, suitings and trouser¬
ings have received a good deal of attention, and fair orders
were placed for such fabrics a t a slight advance upon last year’s
prices. Union cassimeres met with considerable sales at about
last year’s figures, and there were some liberal transactions in
worsted coatings, leading makes of which have been placed on
the market at about the opening prices of last year
Overcoat¬
ings continued in fair request, with most relative activity in
piaid-back makes and cloth-faced beavers. Cloakings met with
moderate sales, and the most popular styles are well sold up.
In spring woolens the volume of new business was strictly
satinets
1/9.475 1,0/2 853 2.6-2.277
-
••
-
Western lake
was
to
-
t
h-*
-ICO
mmmm
CC M X if. C5
C. 3)1
CO
b
to
rfih'lCHO
cr>
coo
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M O' CO -4 tO
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y m <» to co
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a
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wtotn
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to
*
■
THE CHRONICLE.
186
ESTABLISHED
W. W. Farmer,
MONROE, LOUISIANA.
Solicitor and Attorney.
Practices in the District, Circuit and Supreme
Courts of the United States and of the State, in
of cases. Has no other business, and de¬
votes his personal attention and all his time exclueivdy to his profession. Refers to Bank of Monroe.
S. Bailey
E.
PINE STREET.
7
Stocks
Insurance
purchase and sale of Stocks and
for investment.
Complete Financial Report
or
Thko. V. Sand.
Max E. Sand, Member
John Sickels.
N. T. Stock Exch.
Sand Brothers & Co.,
BANKERS AND
BROKERS,
Wall Street, New
STOCKS AND BONDS
sale of Government and other securities.
Religious and charitable Institutions, and
conducted in the
^
TRUSTEES:
Sistare’s Sons,
Geo. K.
Wm. B.
Kendall, Henry Sanger, Alex. McCue
John P. Rolfe,
Chas. R. Marvin. A. A. Low,
E. F. Knowlton, Abm. B.Baylis, Henry K. Sheldon
H. E.
ST., NEW YORK,
NASSAU
17
Bonds of*
Buy and Sell on Commission, for cash or on mar¬
gin, all securities dealt in at the New York Stock
Exchange.
Interest allowed on daily balances.
graph.
WINTRINGH4M,
GAS, INSURANCE, BANK STOCKS, &c.
ness
securities.
deposits.
Investments carefullv attended to.
Interest allowed on
No. 36 PINE STREET,
NEW YORK.
Lummis &
No. 31
STREET,
AND
BANKERS
BROKERS,
Refer to Messrs. Fisk & Hatch.
n. B. bacon.
Alex. s. Clark,
An
bonds
A. W.
Exchanges. Deposits received and interest allowed
balances.
No.
17
H.
Prentiss,
/bounty,
St. Joseph & Western RR. Stock.
62
Midland Railroad of N. J. Securities.
Chicago & Grand Trunk RR. Securities.
South Carolina RR. Securities.
Grand Rapids A Indiana RR. 8tock.
Cincinnat i Richmond & Fort Wayne Stock,
No.
STREET.
Banking Business, buy
Grant,
Co.,
C. E.
C. SHORT.
JOHN
C.
WM. P.
Cumberland,” Broadway and 22d 8treet.
Buy and sell on commission, for investment or on
margin, all securities dealt in at the New York
Stock Exchange.
c.
R. B. Liar
C. I. Hudson,
Hudson
t. n Curtis.
Member N.Y. Stock Lxch.
YORK.
BONDS
(oLLins,Bolder SJe^s,
-BARKERS25 fiNe §t. — l^ew^ORK?
Jackson & Co.,
^
.
Investments for Sav"
Purchase and sell on
Commission
GOVERNMENT
RAILROAD BONDS and STOCKS, and all
classes of Securities dealt in at the NEW
8TOCK EXCHANGE, or all reputable Securities
bought and sold in the OPEN MARKET.
and COMMERCIAL PAPER m otlated.
and
YORK
CONN.,
Buy and sell Government, State, Municipal and
Railroad Bonds and Stocks.
.
President.
Vice-President.
WATSON, Sec>y and Treas.
NEW.
BROADWAY,
MIDDLETOWN,
at the “
-
JOHN
t 8ee quotations of City Railroads In this pape
COURT, NEW YORK,
on
plication.
BOUGHT AND SOLD.
STREET, NEW YORK
INVESTMENT SEC DR*
Commission.
WILL BUY OR SELL DEFAULTED BONDS Or
convert them into interest-paying investments.
Circulars and other information furnished on ap*
1T1ES
CITY RAILROAD STOCKS &
by WM. R. UTLEY,
31 PINE
Branch Office and Private Wire
145
NEW
Bought
C. I. Hudson &
Receivers or Trustees.
WILL BUY AND SELL
,
American Cable Co. Subscriptions.
3 EXCHANGE
OR PROCURED for
having lines under construc¬
tion, and their Bonds purchased or negotiated.
FINANCIAL NEGOTIATIONS conducted for
8tates, Counties, Towns and Cities, and for Railroad
Companies and other Corporations.
WILL CONDUCT THE FINANCIAL RE-OR*
ANLZATION of Railroad Compares and other
Corporations whose property is in the hands of
and sell Government Bonds and Investment cecuri-
H. L.
$1,000,000
CAPITAL FURNISHED
QUOTATIONS IN THIS PAPER.
In addition to a General
-
SECURITIES furnished
Corporate and Private Investors.
Railroad Companies
SECURITIES
lea.
Joseph & Pacific RR. Bonds.
to
ALL KINDS OF
CEDAR
CHICAGO.
SOUND INVESTMENT
BANKERS,
City of St. Joseph Mo., Old Bonds,
international Improvement Co. Subscriptions.
Brooklyn Elevated RR. Securities.
No.
Capital Stock, ~-
Gilman, Son & Co.,
City & Town Bonds ot West. States.
Wisconsin Central RK. Old Land Grant Bonds.
St.
SEE GAS
YORK,
ST., PHILADELPHIA,
PORTLAND BLOCK,
DEALT IN.
NEW STREET, NEW YORK.
This Exchange will be opened on and after
HURSDAY, Dec. 1. 1881, from 9 A. M. to 4 P. M.
for dealings under the co-operative contract'system.inali active Stocks. Investment and Unlisted
securities, on a margin of one or more per cent as
agreed upon between buyers and sellers direct, and
at a reduced expense for brokerage. Contracts for
not less than 100 shares. Margins deposited in
Trust Company.
JOHN L. HOBSON. Secretary.
40
this Company Is solely that of
434 LIBRARY
SECURITIES,
BROOKLYN
INCORPORATED, 1881.
STREET.
5 & 7 NASSAU ST., NEW
NEW YORK.
STREET RAILROAD STOCKS AND BONDS
{LIMITED.)
e
OFFICE:
AMERICAN
FINANCE COMP’Y,
YORK.
AND
AND
YORK
WILLIAM
Guarantee.
GAS STOCKS
INVESTMENT & SECURITY REGIS¬
TRY EXCHANGE.
47
The business of
Building,
GAS
General Manager:
Edward Rawlings.
Where all information and forms may be obtained,
or from the Head Office, Montreal, Canada.
STREET,
WALL
NEW YORK,
Troy, n. Y„
Connected by Private Wire.
All securities dealt In at the N. Y. Stock Exchange
bought and sold on commission and carried on a fair
margin. Interest allowed on credit b xlances.
200,000
NEW
Beasley & Co.,
Geo.
Boardman,
BROADWAY,
Hall
320,000
No.
-OFFICES—
80
270,000
Sir Alex. T. Galt.
98 BROADWAT, NEW
on
No.
Cash capital
Cash assets over
Deposit at Albany
ADDRESS:
Buy and sell on commission all Securities dealt in
art the New York Stock and the New York Mining
BROKER,
OF NORTH AMERICA.
Correspondence solicited.
L. R. Bacon.
Street, New York.
STOCK
The Guarantee Co.
always in band
BANKERS AND BROKERS,
Lansdale
OFFICERS AND EMPLOYEES HOLDING POSITIONS OF TRUST.
President:
Clark & Bacon,
3 Pine
Cor. WALL
desirable
of
assortment
Suretyship
FOR
SECURITIES.
INVESTMENT
WALL
Bonds of"
BANKERS AND STOCK BROKERS.
William Lummis,
Henry Day,
Members of New York Stock Exchange.
cJCcdcA Sc
r.
Day,
Nos. 34 and 35 DREXEL BUILDING,
and BROAD STREETS,
Wm. B. Kendall.
Wm. d. hatch,
Member N. Y. Stock Exch.
P.
SECURITIES BOUGHT AT THE AUCTION SALES.
No. 45 Wrall Street
YORK.
$375 OCd 00
Capital invested in U. S. Bonds
250,000 00
On deposit with Insurance Department.. 100,000 0
Officials of Banks, Railroads and Transports tion
Companies, Managers, Secretaries and Clerks of
Public Companies, Institutions and Commercial
firms, can obtain security from this Company at
moderate charges.
The bonds of this Company are accepted by the
courts of the State of New York.
Full information as to details, rates, &c., can be
obtained on application to head office, 187 Broad¬
way, N. Y.
Wm. M. Richards, Prest. John M. Crane, Sec’y.
W. Harvey Lee, Inspector.
Directors—George T. Hope,G. G. Williams, Geo.
S. Coe, Charles Dennis, J. S. T. Stranahan, A. B.
Hull, A. S. Barnes, 8. B. Chittenden, H. A. Hvnlbut,
W. G. Low, David Dows. J. D. Vermilye, Alex.
Mitchell, Wm. M. Richards.
BOUGHT AND SOLD ON
banking and brokerage busi¬
in Railway Shares and Bonds and Government
Secretary.
Suretyship.
NEW
OF
deposits subject to check at sight.
Particular attention to orders by mail or tele¬
Transact a general
’
Assets
COMMISSION.
{Established 1854.]
Ripley Ropes. '
FIDELITY & CASUALTY CO.
All
Gwynne & Day,
Josiah O. Low,
Edmund W. Corlies.
WM. R. BUNKER.
INVESTMENTS.
FIRST-CLASS
J.
Pierrepont, Dan’IChauncey, John T. Martin
Alex. M. White,
IN
York.
COMMERCIAL PAPER NEGOTIATED.
persons
unaccustomed to the transaction of business will
find this Company a safe and convenient deDosltorv
for money.
RIPLEY ROPES, President.
CHA8. R. MARVIN, Ylce-Pres’t.
Bonds on Margin
issued weekly to our
DEALERS
Cash paid at once for the above Securities; or
they will be sold on commission, at seller’s option.
54
strictly commission business
SPECIALTY.
A
STOCK EXCHANGE.
MEMBERS OF THE N. Y
correspondents
Dealings in
v
BONDS,
AND
STOCKS
This Company Is authorized by special charter to
act as receiver, trustee, guardian executor, or ad¬
ministrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
registry and transfer books, or make purchase and
NEW YORK,
No. 24 BROAD ST.,
Brooklyn Trust Co.
Cor.of Montague A Clinton sts.,Brooklyn, N. Y.
Coleman Benedict & Co.
A
,
The
1864.
all classes
,
Financial.
Financial.
Financial.
Counselor,
[Vol. XXXIV,
••
in£s Banks a specialty. Correspondence solicited.
*'
LOANS
Intereit
paid on DEPOSITS,
subject to check.
@FedFRASER