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HUNT'S MERCHANTS* MAGAZINE,
REPRESENTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
NEW YORK, FEBRUARY
VOL. 34
Financial.
14!l
Note Company,
BROADWAY, NEW YORK.
BiTSINKSa K0[7NDEI> 1795.
lawfiwnittd vuuUr Laua o/ Stale q/ Hew Tork, US6.
Ukouuanizku
'
Alfred H. Smith
itnv.
No. 14
LBOAL TBXVBR Jt NATIOXAL BANK NOTES
VNllED STATES and lor many Jlw«<«ii
0] the
Bfvtmmenta.
E.NORA VINO AND PKINTINO
or BAUK NOTES. STATE AND BAlLROAll
BONDS, SUAItE CERTIFWATES, BILLS Ot
KXCUANOE, DRAFTS, CUEVKS, STAMPS, ±c
Itr TUB FINEST AND MOST ARTISTIC STTLE
FKOilt 8TEEt. PLATES,
Safety Papers.
LIHDLKT HaINKS
&
Wm.
tu check at slfiht, and
Interest tilluW'id on daily bultinces.
Stocka, Boiids, Ac. t>out;hl and sold on commlulOD
In Plilladelphia and other cities.
Partlcalar attention irtven to inforaiatlOD refptrd
iDf InTMtment Secorltlet.
^^^__
E. Trowbridge,
F.
BACKER AND BROKER,
BROAD OR 37 WALL STREET,
NKW YORK.
So. 5
Antwerp.
Member of
the
N. T. Stock ExcJtange.
Branch OrFicx:
•
•
9,000,000 Franea.
BATEAIAN
Sc CO.,
WA8HINUTON,
A Genera] Banking Bastaees
BOA72D OF DIRBCTOBa
rcLIZ URISAR. President.
Ai.ruKi> .Haqdi.nay
(Irrair
VuM
j. U.
Otto
A
Maqnlnsy), Vloe-Prw
iiisH UECKK(Von der becke
Uir.-<TUiH(Corneiile-Uavid).
A
Marsllr).
Ul UOTTAU
Ad. Khank (KrHnK. Model A Cle.)
Aug. Nottkbuum (Nuttebohm Frerea).
BllII.1
Vu. DIIA.Nis (MIchlela Loos).
Jou. Ua.n. KruuuAN.N.Jr. (Job. 0*a. Fubrmum.)
WiBEHdtd. Weber A cle.)
loiMa UAUTJCNSiuAucu (C. Scluuld A CleJ
Lotris
TRANSACTS
Seourltlea bought
or on marKln.
So.
H
p. Pottbk, Preat.
J. J.
Kddt, Cuhler.
Maverick National Bank,
DEALER
$400,000
S1IBPI.1JS,
400,000
AoooonU o( Banks and Bankers •ollclted.
Collectlooa mane upon favonibte terms.
BtrletlT aral-olass
tUted.
Railroad
Inrestment Seourltlas Neao-
Samuel M. Smith,
40 WALL. STREET,
DBALBU
RallwRT
IN
Secarliles,
Secnrities.
BOCTHERN BKCPBITIES A SPKCIALTT.
miD. A. BUOWM.
B. BKOWK.
aiRBZRT P. BBOWN.
._
Walston H Brown & Bros
.
BANKEHH,
New
11 Pine btreet.
8PnX3IAL
Ottr
STREET, NEW YORK
IN ALL KINDS OF
and Inrestment
Caldwell, Hay & Washburn
BAVK£Ka &
Uaa and Bwik
Hiocka. liuaraac« Horl^
York.
ATTENTION OIVBN TO TUB NWK>>
TIATION OF
RAILROAD SECURITIES.
R. T. Wilson
&
Co.,
BANKERS AND COMMISSION MEKOHANTS
* 2 Bzcliance Court, Nenr York.
BKGKEliS.
UNITED BANK BUILDING,
Broadway and Wall Su
Transact a general Banking Bualneaa, Including tbe
Purobaae and Sale of all Securities dealt in at tbe
New rork Stock Exchange.
Intereat allowed on depoaits aubjeci to sight draft
CBAS. B. Caldwki.u
;-lLAS
(J.
late
UAY. Member
Weat A Caldwell.
N. Y. Stuck Excnange.
LA.NSINO o. Wasbbukn, bite
Washburn.
W.
F.
Wuittiuguam
Wm. W. Tuormtoh,
&
TH0RNT03J
A
Casb.
»OS,
(Established ISCe.)
BANKERS AND BROKERS,
SHELBYVILLE, ILLINOIS.
CoPootinna made In Shelby and adjoining Counties
and.ProCL'cIa remitted on I>jiy or Piiyment
KKKiCltii.NCli^— .National iijtnkxf Cumiuerc.'.N'ew
York. Union National B.iuk, Cincinniitl. Tnlrd
Natlunal Bank. ^t. ].ouia. Traders' Bank. Chicago.
Indiana Banking Compiuiy, Indianapolis.
Wood, Huestis
31
PINE
ST.,
&
Co.,
NEW YORK.
BANKERS AND BROKERS,
SUCCISSORS TO
WOOD
DAVIS.
A.
Rxecute ordera In all securities listed at the New
York Stock KxchanKe. For Sale.
t'IBaT4:i.AU UAILKUAU " ISr MOR OAQI BttXDA'
QEOBOB O. WOOD. C. H. BDKSTI8.
WALSTQN
BOiiTOA!,
OAPITAL,
Traaaacted.
and sold on commiBtilon foroash
WALL
—
^
Asa
C
Simon Borg,
GENERAL BANKING BUSINESS.
Special Attention given to Inrestments.
THos. M. Thobntok.
0.
Advances made on approved collateral at the
market rate.
Deposits received sabject to check at slKht.
4 per cent Interest allowed on all daily balances.
Ordersezeoutedat LtondOD, San Kranctaco, boston, Philadelphia and Baltimore ICzchantfes.
P. S.-M/ANew York Weeklv Flnaaoial Report U
mailed free of charge on application.
A
BALTinORE.
Omnacted by Special TTin vUh New Vork ami PkO*.
tUtfhia OorrapondenU.
Transact a Ueneral Banking Business.
Buy and sell on.Commiaslon in tbis and other cities
all deacrlptlona of Stocks. Bonds and ;jecurlties.
Depuslta reoelrcd subject to cbeok at sight.
Collections on all points in U. S. and 1
Dep fsits received aubiect
Anversoise,
toebeokat
collattirala.
SOUTH THIRD STREET,
PHILADELPHIA.
140
Banque
Paid-Up Capital,
Interest allowed on dapoeitt, sabjeot
sigbt.
Loana negotiated and advanceamade on Improrad
Co.,
Bankers and BroKers,
TllUSTEKS:
A. a. Goolsll, Prealdent,
«r
.
and County Secuiitiea.
H. Taylor
L.
ouh
John A Hambleton & Co
BANKEUS AND BBOKEBS.
No. S SOUTH STREET,
COBRBSPONDENCB 80LICITKD.
LlWia B. TAYtOK, Jr.
Street,
CHICAGO.
Stocks and bonds bon<bt and told (or
NASSA17 STREET,
BUYS AND SELLS
State, City
Joa. W. Drexel,
James MiiCdonouKh. Vlce-Frest., A. V. Stout.
A. D. 8hepard, vice-Preaident, 1'. U. Porter,
Main Smillle. Vice-Preat., Chris. Meyer,
t. T. Itoburtaon. Vjce-t'reaident, (>. U. Uanforth,
P. C. Leouabury.
O. U. btajner. Treuaurer,
Theo. li. Kreeland, Secretary.
NEW YORK.
Aug. T. Post, Banker,
26
130 La Salle
Ne. 17 Netr Mtreet,
on margin.
LONDON, 33 HOLBORN YIADDCT.
Railway Tickets of Improved Stjrles,
WUhor urithout Colors, and TicktU of all Kindt
Centrale
NEW YORK,
EXCLUSIVELY.
in Fireprool Buildlnes.
RAILWAY PRINTING A SPECIALTY
Co.,
Diamonds, Fine Babies, Sapphires,
and otiier Precious Stones,
special safoKuurda to prevent Counterf0ttim§
yr AUemtioiit. bpectal puperamiuiufaciurea ejieluiTeljr lur uiie of cue Cuiupany.
Safely Tints.
Execnled
ST.,
Field,
IBANKEBS AND BBOKEBS.
IMP0RTSB8 OF
With
Work
JOHN
&
Day &
Colbron,
i>iAM:oivr>s
KN'OHATKBa AND PKINTBKS Or
BOITDS. POSTAGE A.XD UEVESVB STAMPS,
868.
Financial.
Financial.
AMERICAN
Bank
NO.
11. 1882.
Hatch
B INKERS,
&
No. IS
L.
M.SWAlt
Foote,
WALL STREET,
BVT AMD aUX
.UVERNMENT BONDS. STOCKS AND MIBCW..
LANBoas sBcoamBs.
ATTORXEV and COV.^SELLOR
NEW YORK
CITY.
General I.aw Bnsloeae solicited. All cis'ms dill.
gentir prosecuted In tbe St.ta or United Statee
Courts.
Business entrusted to my cere recelTse
prompt and faithful attention. Satisfactory refaseoces glTen lo correapordents.
Address ATTOlutJCY, p. o. Box «7, Mew York,
:
THE
ii
L'HIIONICLE
&
Drexel, Morgan & Co., August Belmont
BANKERS,
WALL STREKT,
CJKNBK OP BROAD, NKW TOBK.
&
Drexel, Harjes
C«.,
No 84 SoiTTB TaiBD St.
Fllllmdelphla.
81
BouleTard
&
Nob. 19
& C«
Oepoalu received eubject to Draft. Securttlen Gold,
Intereflt allowed
en bevMlu. Foreign Kxcbanse. Commercial Credits,
Circular Letter« for TraTclera,
Tranafer*.
Iwble in all parti »t the wo rld.
o»We
ATTOBAKTB
BleMr*. J.
No. »2
8.
A.IfD
Morton,
33
AeSNTa OF
ST.,
&
ST.,
NBW
CO.,
LONDON.
Brown Brothers
Franca, In Martinique and Guadaloupe.
LONDON.
PARIS
CO.,
THIS AND OTHER COUJfTBlES.
BLAKE COLLECTION-' OF DRAFTS drawn
m
aDruad uu all LKilutH
the United states and
Canada, and of Drafta drawn In the
United States on Foreign Countries.
G. C. Ward,
ASXNTS FO>
BARING BROTHERS & GOMPANIT,
S3 WALL STRBBT. NBW YORK.
as 8TATB STRBBT. BOttTON.
J.
& W. Seligman & Co.,
BANKEBS,
BROAD WAF,
SEW YORK.
£3
&
Wall and Nassan
Stuart
J.
&
Co.,
STREET.
BILLS OF ixCHANQE ON
niTI^, PAYNE & SiniTH'S,
88 NASSAi;
BANKERS, LONDON
&
Sts.,
Co.,
New
AND
COXIIXBCIAL AHD TrAVELESS' CSBDITS.
BARING BROTHERS dc CO., London.
PERIER FRERES Oc. CO., Paris.
MENDELSSOHN de CO., Berlin.
NEW YORK
&
Co.,
BANKERS,
10 Angel Court, London, Ensland.
BELFAST, IRELAND
AHD OH THS
RATIONAL BANK OF SCOTLAND,
Draw Bills of Exchange and transact a general
llnancial commission business. Particular attention
William Heath
&
Co.,
&
AUO,
J.
Kennedy
No. 63
WILUAM
&
Co.,
OF EXCHANGE.
Fott
39 WlUlam
Credit on
MAKE TELBGRAPUIC TRANSFERS.
Issna Commercial Credits In Sterling. STallable
"'-"""'•
throughout the World.
SMsct DlTtdacda, Con pons ana fonlga wCt
J.
cor.
.
lolsad
4 Threadneedle
1835.)
London, England.
PAID-UP CAPITAL, £l.iOO,000.
St.,
UNDIVIDED PROFITS
(Inclndlng Guarantee and
Reserve Funds) £441,080.
Letters of Credit and Drafts Issued on the 87
branches of the Bunk in the Colonies of Queensland,
New South Wales, Victoria, South Australia, Tasmania, and New Zealand. Bills negotiiited or sent for
Collection. Telegraphic transfers made. Deposits
received in London at interest for Hxed periods on
terms which may be ascertHined at the office.
PRIDEAUX SELBY,
Secretary.
Nederlandsch Indische
Handelsbank,
A niSTERD AM, HOLLAND.
Established in
1863.
HEAD OFFICE
Agencies
IN AMSTERDAM.
ii, Batavia, Soerabuya and Samarang
Correspondents in PadangJ
business of a financial character In connection with
the trade with the Dutch East Indies.
BLAKE BROTHERS &
CO.,
AQXNTS rOH NOBTH AMERICA,
18 WALL STREET, NEW YORK,
as STATE STREET, BOSTON'
Adolph Boissevain & Co.
RANKERS
AHT>
ouminissioN merchants,
AMSTERDAM, HOLLAND
Excbange
N. Y. Correspondents— Messrs.
Rlake Bhos. A Co
Hong Kong &
Shanghai
CAPITAL (paid-up)
all principal cities
BEAD
BONO
KOlfO.
The Corporation grant Drafts, Issue Lettere of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Sin(:apore. Saigon
Manila, Hong Kong, Foochow, Amoy, Ningpo
Shanghai, Hankow, Yokohama, Hiogo, San Francis
CO and London.
Agent, 47 William St.
A. n.
TOWNSEND,
Canadian Bankers.
Place,
AGENCY OF THB
of
r.
w. pbrrt.
&
Co.,
UNITED BANK BUILDING,
2 WALL STREET.
INTESTMENT SECURITIES,
OUy, Railroad * Mitetlkmeout Sloekt and Sondt
VOBBION BXOHANdB.
1,900,000
OFFICE.
Bank
of Europe.
H. Latham
t6,000,<X)0
BBSERVE FUND
YORK.
H. Latham.
J'
Banks. Banexbs jjm
RAILnoAl) COUPAMKS.
No.
SPECIAL PARTNER,
DEVTSCHX. BANK, Berlin.
.
BUY AND SELL JUVESTMEKT SBCVniTIBS
St.,
Hake Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters
STREET,
New York.
DRAW BILLS ON LONDON.
BUY COMMERCIAL PAPER AND BILLS
ACT AS AosNTd
Lichtenstein,
RANKERS,
NEW
KkmhiotTod.
Australasia,
BANKING CORPORATION.
Knoblauch
KDINBDBG, AND BRANCHES;
OABLE TRANSFERS AND LETTERS OF CREDIT
Foreign Banlters.
given to American Securities.
;
;
WALKEE,
B. E.
JOINT AGENTS
Canadian Bank of Commerce,
16 EXCHANGE PLACE,
LONDON:
Wm. Russell Wise
William Heath,
Chablks B. Quiscet.
ULSTER BANKINO COnPANT,
S.
GOADBY &
Issue commercial credits, make advances on ship
ments of staple merchandise, and transact other
C0SRE8P0NDENT8 :
61 BROADWAY, NEW YORK.
Meubebs or New Yobe Stock Exchange.
i.
H.
($4,800,000 Gold.)
"UMITEB;"
MANCHESTER, PAYABLE IN LONDON
KXKirKDT.
J.
Paid-Dp Capital, 13,000,000 Guilders,
BANKERS AND BROKERS,
8.
BROKERS IN
Foreign Exchange, Stocks and Bonds,
63 Wall street. New York.
Special attention paid to orders at the New York
Stock Kxchanue and New York Miiiinc B'>ard.
York.
BANCHBSTER & COCNTI RANK.
JOBM
Ex-
Hilmers,McGowan & Co
(INCORPORATED
GABLE TKASBFEBa, BILLS OF EXCHANGE
William Heath
LONDON.
OimaohAM Noras ass CKXcrra roK Tsatxliss.
&
Bills of
Cable Transfers.
Bank of
York.
FOREIGN BAIMKERS.
Co.,
niTNROB dc CO., PARIS.
REBUNS CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ic CO.,
change,
Co.,
BOSTON, MASS.,
No. 8 IVall Street, New York,
No. 4 Post Office Square, Boston.
CHEQUES AND CABLE TRANSFEBS ON
ALEXANDERS
&
Kidder, Peabody
Issne Letters of Credit for Trarelers,
John Munroe
Commercial and Travelers' Credits.
STERLING EXCHANGE, CABLE
AMSTERDAM. BUY AND SELLTRANSFERS,
ETC.
ISSUE COMMERCIAL CREDITS, AVAILABLE
IN ALL PARTS OF THE WORLD.
-
Accounts and Agency of Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends ; also as transfer agents.
Bonds, stocks and securities bought and sold on
commission.
Sound railroad and municipal bonds negotiated.
Sterling exchange bought and sold. Drafta on
Union Bank of London.
Cor.
PajBble n any part of Europe, Asia, Alrica, Autralia and America.
Draw Bills of. Kzcbange and make telegraphic
traoafers of moner on Europe and California.
J.
'
-
BANKERS,
William Street, New
04
iro.
)
Jesup, Paton
BETWEEn
&
York.
London (LImiteiU,
London,
Co.,
YORK.
81ERLINQ,
TRANSFERS
SAKE XELECiRAPHIC
OF niONEV
G.
ol
Hamburg.
Issue Circular Notes and Letters of Credit for
Travelers also. Commercial Credits, available in all
parts of the world. Negotiate flrat-claas Railway,
City and State Loans make telegraphic transfers
of money and draw Exchange on
MORTON, ROSE &
ATAILABLB IN ANY PART OF THE WORLD.
S.
Bank
Messrs. John Berenberg, Gassier dc Co.,
COR. OF CEDAR,
HOTTINGUBR * CO.,
ON GREAT BRITAIN AND IRELAND. FRANOB, CREDIT LYONNAIS,
OKRMANY. BKI.GIUM. SWITZBUf^AND. NOR- AM8TBRDAMSCHB BANK,
WAY, DENMARK, SWKUEN AND HOLLAND.
Issne Commercial and Trarelerg' Credits
Id
New
Street,
COBRESPONDKNTS OP THE
International
;
IT.,
BILLS OF EXCHANOE
And
Ruckgaber,
;
Co.,
No. 69 1VAI.L ST., N.
BTTT AND SELL
llf
all
&
Bliss
NASSAC
RIOROAN &
OLD BROAD
33 William
parts of the
and their correspondents.
Also Commercial Credits and Transfers of Modct
on California, Europe and Havana^
• •i..Doa*ht»nd«oldonCommlMion.
&
Schulz
BANKERS.
MESSRS. DE ROTHSCHILD
HauMmanr
Parts.
DOMESTIC AND POEKIGN BANKERS.
»T
Co.,
21 Nassau Street,
Issne Travelers' Credits, available In
world, through the
XXXIV,
Forelg^n Exchange.
Ferelgn Excliauge.
Torelgn Exchange.
Urexel
[Vol,
or
British
North America,
No. 63
WALL STREET.
Buy and sell Sterling Exchange and Cable Tranf
fers. Issue demand drafts on Scotland and Ireland
on Canada, British Coliimbla, Portland, Oregsn,
San Frandaco and Chioago.
Bills oollested and other banking business tisns
n. A. McTAVI8H.li.-_.also
1
:
Pbbrvabt
THE CHRONICLE.
11, 1889.J
Canadian Banker*
Financial.
Merchants Bank
LONG ISLAND
OF CANADA.
Capital,
(u.ttOO.OOO Paid Up.
•
nnn JOHN HAMILTON.
JOHN Mcl.KNNAN, B>q.,lf.P.
Prealiloiit, the
Vloe-l'rt'»lcU<nl.
HEAD OKFICB.
BANKKRS:
LONDON. BNO.-Tho QrileadKl* Banking Oomp'T.
lells Sterllnv
Kx-
ohanxe, (Nble Tnuiafen, luuee Oredlu aTKlinble In
II Peru of the world, makn oolleotlone In Canada
and elaewhtre. and iHoe* Drafte pajrabla at anr or
tbeoiBoea of tno blink In I'anada. Demand Drans
Imed parablK In «ci>Mand and Ireland, and ererj
deeortptlan of (ordlxii banklni bualneaa ondenaken.
4S Kzohance
Asencr,
Place.
JOHN B. UAIIKIS, JR.. t'^••'"••
Oklmce Branch, US Waahinston iHtreet.
J. 8. MBUBDITU, Manacer.
Imperial
financial.
\IOTIfS TO HOLDERS OF BONUS !••
^^ 8UBD BY TBS OODNTT Of OALV CSTOW.
la Ue ataie of Texas, la aid of the OaU Colorado A
FITE PEB CENT.
ll>IU«*r.
NKW YORK-Tho Bulk ot New York. N. B. A.
The New York Aseror bajt and
ffi
RAILROAD COMPANY.
FIBST CONSOLIDATED MORTGAGE
ItlONTRBAL.
OEORUB HAUUK. cleueral Mwiuer.
WM. J. INUKAM, AullUnt a«Q«rml
New York
;
:
Bank of Canada
Capital, $1,000,000.
Year
Fifty-
Bonds
INTEREST PAYABLE QUARTKRLY,
JANUARY, APRIL, JULY dc OCTOBER,
The underalKnod are prepared to reoelre 8nbamount of these Bonda at
acrlptlona for a limited
par, reaenrtng the rlKtat to
We
out notice.
advance the price withaeoarltlea aa a
For further tnfor.
recommend theae
aafe and dealrable InTeatment.
matlon apply to
Santa re Railway Company
In paraoanea of the right l eeerreJ br the Coaoty
of OalTeston In the abore-mentloned boaila to redeem the same at expiration of any year after the
Sfth year from the date of the lasuanos t'oereof , the
holdsra of aay of saM bonds nambered from one to
three hundred and flfty Inclasirc are bsrtby Bottled lo present the same for payment on the fotlowlog daya, to wit
Bonds No.
1-MO Inel., oa Jnty 1, 1883.
Bonds No. wi-aBO Incl., on October I, IMt.
Bonds No. »l-a00 lad., on October U. 1**.
Bonds No. 801-880 incl., on December U, 1«8.
And notice is giren that Interest will eeaaeto aecmc on any of said bonda bearing the abOTO-inen*
tloned numtwra on and after the respeetire dates
payment.
By order of the County Commissioner!* Coart Of
Oalrestoo County, State of Trxas.
fixed for their
OORBIN BANKINOOO'IPANT,
No. 115 Broadway, New York.
WILLIAM
and 53 William
AUSTIN,
OalTCSton, Dee. 80, 1881.
JAIHES O. KING'S SONS,
SI
T.
County Judge of OalT.estoa Conaij.
No. 43 Milk Street, Boaton.
New
St.,
York.
QIIICAGO
«c
ALTON RAILROAD
H.8.H0WLAND. Prea't D. K. WIL.KIR, CaeblCr
HKAD OFFICE, TORONTO.
BRANCHEa:
nAXWELL & GRAVE',
8t. Catharlnea, Port Culborne. St. Ttaomaa, Infferaoll,
Welland, Kerirua, Woodatock, WinnlpcK. nan.
NEW YORK LACKAWANNA & WEST-
the preferred and comoion stock of this
ERN RAILWAY COMPANY
FIRST nORTGAGE SIX PER CENT
BONDS OF 1921.
has been drclared payable on the
Dealera In American Currency A SteKIOK Rxohance.
Agents In New York:
Affents In I^ondon
:
|
BosANgrrr. SALT A Co., Bank or montrial.
5U Wall i«treet.
78 Lumburd Street.
I
Promptest attention paid to collectlona payable In
anr part of Canada.
Approred Canadian bualneaa paper, payable In
KOld or currency, diaeounted at the Head Office on
reaaonable terma, and proceeda remitted to any
part of the United Htatea by draft on New York.
•
tl 3,000,000, Uold,
W.
Manager.
it
OfFlCS,
«I 1VAI,L itYHEGT.
WALTKU WATSON. ( A'en"
._-„^,
ALKX'K I.AWG.
f
Bdt and eall SterllOK Bzchange. francs and Cable
Traoafers grant Commercial and Trarelera Credit!
available In any part of the world Is.nue drafta on
and make ooUectlona la Cblouco and ttaronnhout
the Dominion of OaaaJa.
;
;
London
Ofllce, IVo.
toronto
New
York
The Nevada Bank
OF
SAN FKANCISrO.
York Agency, 02 Wall
e4,U00,000
L.
IN
U.
8.
GOLD.
BRANDEK,
Acenl.
ISHL'GS Commercial and Trarelera' Credit a, arall>
able In any part of the world. Drawa ieV..hqiuy^^
Foreljzn and Inland, and makea Tranafera of Money
brTalacrapta and Cable.
Anglo-Californian Bank
ILIMITBU).
L.or<DO:N, Head OlUce, i Angol Oeoiv
."AN FRAIV€l<><-0 omce, «« California
K
W VORK
Aucnta. J.
* W.
Scinnnan
*
Keokuk A Northwest. R'way Securities
Rock Miss. River A Texas R'y Securities,
New Haven & Derby Ballromi Securities,
Bousatonic Railroad Coiniuou and Pref, Stock,
Little
-
SAMIJEL, H. BARROH^S.
38 BROAD 8TREFT.
liV .4
P. M.
KRKO'K
LOW.
LLUJCNTUAl.,
Caahler.
D
TO PCBCHASB ALL CLA83158 OF BONDS
Oo.
BONDS
At Auction.
rhe UoilersiKued hold KEUULAR AUCTIC'N
SAI.B8 of all clttssea ot
t0,<>O0,0O0.
I,T(IO,000.
«...„_
lONATX.STKlNIIART.l •""•*••••
K.
N T E
STOCICS and
St.
STOCKS
A iM
l>
B O .» O
!i
ON
WEDNESDAYS AND tATLKDArS.
IflUI.I.ER & IKtn
PINK 8TR££1', NEW YORK.
AilRIAK H.
1
'
No. 7
Cash Dividend of the Illinois Central Railroad
Company, being Three and a Hal f (3H) Per Cent on
Stock, will be paid by the undersigned
ahareboldera as registered at the
cloae of business on the llth of February, after
which and until the 4th day of March the transfer
books will be closed.
L. V. F. RANDOLPH,
1.
1888, to
Treasurer.
OTICE*
iN THK LOmSVILLB A NASHVILLE RAIL-
KOAD COMPANY declared this day a semi-annual
dividend of TllRiCK PERCENT upon tbe stoiK of
the Comimny, piirable on and after the TK.NTH
DA YOK FlibllUARY. Dividends on stick registered in New York will be paid at the office of the
The transfer booka
I'oupany, No. 52 Wall Street
vrlll be closed on the 14th day of January and reo:>ened on the 181 h day of February.
C. C. BALDWIN, President.
N itty iroBK. Jan. 7, 18 2.
.
OrricK or thk
4 DANVIl.l E KAILROAD CO.,
BUOAllWAT. NEW YOKK. Feb. 1, 1888.
mCHMOSD
148
till-
Company
for the qu.irf er CMiflinK Dticcmber 31, 1881,
addltitm.il dividend of
out
of the prullts re.ilized from the sa e of its Virginia
Midland Railway Cuiiipiiny's income bonds, will be
ONE PER CENT
and un
paid February 10, in..tiint, t-t stockholders of record
at ih.i company's office there,
in Ktchniond. \ a
and to Btockhoiders of record in Now York at the
,
.MEUCANTIl.K NATIONAL BANK.
New York ana Richmond W||i
on the 10th and reopen on thi' morning of the
'i'ranafer biMika in
close
16th.
W.
E.
TURNKK.
T.eaaun-f.
OF TIIE PULLMAN PALACE
OFPICK
CAR CO.MPANY, CHICAGO, tcb. 18MJ.
1,
At be Xueuial Meeting of the blockb< Iders, held
this .iHv, It was resolved to increase the Capital
SU'Ck (2.S«8jl00, being 85 per cent of the entlro
CapllMl Stock of said Company a' this d«te.
tttock holders ot record on February 18, 1888, will
have lie optl.m until March 1, 1888, to anbscrtbe f.'r
such Ltock at par to an extent not exceeding onefourth ..f their holdings.
I
I
Paymcntatobe made as follows: Flftypereent
on or before .March 1, 1683, and fifty per cent on or
befoul.May 8, 18S2. Full paid cenilfcstes of stock
will bo iaaned lor eaeh payment, excluding fraotionui
abarea.
IN,
GEO. B. HILL & CO., Brokers,
PITTSBURG, PA.
Tranaact a ireneral banklnit bualneaa. laaueCom.
uerolal credlu and Bllla of Kzokanxe. ayailaMa ti
ailparta of the world. Collectlona and ordenfor
Bonda. Stocka. etc., execnted upon £he moat tefOP
ableterma.
Company Stock,
DEALT
BOSTON C«rreH|K>n(l'te, MamacbuitetU N.Bt
Aathorlzed Capital, Paid up and Reavrve.
PACIFIC
OF TH«
Cities at Plllabnrg and Allegheny, Pa., and
County ot Allesheny, Pn.
THB
"1
BROADWAY,
St. I..OU18
St.
H. FOSTER, Treaanrer.
Nsw YORK. Jan. SO, 1888.
THTBT r>N1 NTH HKM UA N N UAI,
1
With BOODY, RIcLELLAN dc CO.,
Bankers uad Members New York iitock Bxchange,
Connecticut Telephone
BONDS,
C.
_
-A «irARTERl,V DIVIDELND
DIVIDEND,
earnings uf this
KM' mit .!
of TWO Ph R
EA«*TO>,
A.
l».
and Rolling Stock Certilli'ates,
White Water RR. Comniou aud Pref. Stock.
Nangatuck Railroad Stock,
Danbtiry A Norwalk Rallroal Stock,
Bridgei>ort. Housatonlo and New England Rolling Stock Companies Stocks,
California Banks.
KEOROB
Del: A Hudson 78,
Del. Lack. A W. RR. 7a,
RR.
Lake Shore RR. 7b,
Mich. Central RR. 7a,
Morris k Eaaez RR.'7s,
N. Y. Central RR. bonds.
N. Y. & Harlem RR. 78,
Ohio A W.Va BR. 1st, 78,
Scioto Valley RR. bonda
and atock,
St. Paul M.A M.RR. 1st 7s,
Union Psclflc RR.es A 8a.
aiIS«OlJHI dc
RAILWAY SECURITIES.
Prompt attention KWen to Collection of Commerand Canadian Punda on all polnta In Canada: American and Sterllns KxcbanKe, and Stoeka.
Konda, etc., bouitht and aola.
Correapondenta— Bank of New York.
apfi Alliance Hank, lixodon.
bds..
Continental Con. Stock.
^5b
cial Bllla
A Co., No. B2 William St., New York
The transfer books will be closed on the llth Inst,
and reopened March 8, next.
"Vl
bonda.
QriNCT
canada.
INVF^TEI)
&, CO.,
BOUGHT AND SOLD BY
Bankers add Stock Broeebs,
New
A Northw. RR.
Chic. R. I. A Pac. RR. 6s,
C. C. C. 4 I. RR. con. 78,
A BIrctalu Lane.
Gzowski & Buchan,
SURPLUS,
nu^ES TAYL.OR
Chic.
nert, at the ofloe of the company's agents, Messrs,
Jesup, Pston
March
Brie
company
day of March
first
Its capital
FOR SALE BY
Alb.A Su8. RR. 1st con. 7s,
Atlan. A Pac. RR. lat 6s,
dent. Pacific RR. gold fla.
Chic. Bnrl.A Q. RR. 7s,
Chic. MIL* St.P. RR. bds,
1888.
NUTICB.— A cash dividend of FOUR Per Cant oa
PHB
WALL BTRBBT
COUNTY, CITY AND TOWN BONDS.
«SW YORK
No*. 69
The Mortgaire ia a flrat lien
as well aa upon the Road.
CO.
1,
-^
npon the equipment
88
BUCHANAN, General
J.
New York.
Intereat payable aeml-annually npon the flret
daya of JANUARY and JULY.
Thia road forma with the I'elaware Lackawanna
A Western Railroad a direct throngb line from
5,000,000, Gold.
8MTTUER8, President.
C. P.
No. 74 Broadway.
NEW YORK TO BUFFALO.
Bank of Montreal.
rAPrrAL,
nVRPLCS,
CaiOAOo, rsb.
Blank forma of aub^crintion and all Information
may t>e obtained at
relatinc therei o
Farmers Ixwo A Trust Co., New Tork
T^
New i-nKian'i Trust Company, Boston;
The Company 'a OOlce. Chicago.
A.
L WKINSIIKIMKR.
PecreUrv.
OFFICE OF THE ONTARIO
MINING
Feb.
CO.. 18
WALL
STBSBT,
I^ILVSK
NSW TOBS
.
6. 1888.
DIVIDEND
No. 78.
The Regular Monthly Dividend of Fifty Cents per
share has been declared for January, payable at
Uie office of the transfer agenu. Wells, Vano A Oe.,
No.ae Broadway, on the IBtb Inat.
Transfer booka close on ths 10th Inst.
H. B. PARSONS. Assistant BaurataiT.
OFFICE OF TUE DBADWOOD-TERRA
MININQ COMPANY.
YOKK. Feb.
18
WALL STRUT. NXW
», 1888.
DIVIDEND No. 1&
A dividend of Tblrty Thoosand Dollar*, being
Fifteen Cenu par share, hsa been deelared for Jaanary. payable at the ofllce of the Transfer Agonta,
Wella. Fargo A Co.. 86 Broadway, oo the 80th last.
Tranafar books doss on the IStb.
H. B. PARSONS, Beoretar}.
THE CHRONKJLE.
[vou xxxrv.
Financial.
Insurance.
&
Galveston Harrisburg
San Antonio
RAILWAY COMPAWY.
KBPORT OF OPERATIONS.
THIRTY-SEVENTH ANNUAL REPORT
1877.
Interest
Surplus
J-^^ITTJ-A-Ii^Z- 1.
Amount of Net Cash
Aasets.
January
1,
$41,344,180.86
1881
DISBURSEMENT ACCOUNT.
ASSETS.
bank, on hand, and in transit (since received)
$1,271,588.41
New York City and other stocks, (market value,
first lien on real estate, (buildings thereon Insured
for $16,940,000.00 and the policies assigned to the Company as additional collateral security)
18,215,030.73
Temporary loans, (secured by stocks, market value, $2,883,577.50)
2,376,000.00
* Loans on existing policies, (the reserve held by the Company on these
policies amounts to $2,879,000.)
545,227.34
* Quarterly and semi-annual premiums on existing policies, due subse-
291,254,80— $45,130 006.86
Standard at 4^
policies
.
Amonnt
TRUSTEES
MORRIS FRANKLIN.
WM. H. APPLE'I'ON,
WILLIAM BARION,
WILLIAM A. BOOxil.
JOHN
DAVID DOWS.
GEORGE A. OSGOOD.
HENRY BOWERS,
LOOMIS L. WHITE,
CLAFLIN.
M.
ROBERT
FURMAN,
S. S.
raEODORE M. BANTA,
B. COLLINS.
riSHER,
H. BEERS.
WILLIAM
Cashier.
D-O'DELL, Superintendent of Agenciea.
CHARLES WRIGHT, M. D.. „ ., ,_
I
HniRYTncK.ii D
f"**^"**"^
TEXAS RAIIiTTAYS,
BONBS, I.ANBS, &c.
YORK.
I^ETTERS OP €RE1>1T AND
CIRCCJLAR NOXBS
$127,901,887.
125,232,144.
127,417,763.
135,726,916.
151,760,824.
1878, $2,664,144.
2,811,436.
3,120,371.
4,295,096.
4,827,036.
1,1879,
1,1880,
1,1881,
1,1882,
«
CHAS. WRIGHT, M.
EDWARD MARTIN,
Issued for the use of truvelers in
all parts of the world.
drawn on the Union Bank of London
Telegraphic transfers made to London and to
TarioiiH places in the United Stales.
Deposits received subjoct to clieck at sight, and interest allowed on balances.
Qovemment and other bonds and investment secnritlew boogbtwnd sold on coinmisaion.
Bills
.
1,
Kountze Brothers,
130 Broadway (Equitable Bnlldine:),
N E 1¥
$48,401,746.03
4,827,036.61
per ct.,over 10,000,000.00
Jan. 1,1878,
Jan. 1, 1879, 45,005.
Jan. 1,1879,
Jan. 1,1880, 45,705.
Jan. 1,1880,
Policies In force
Jan. 1,1881,48,548.
at risk
Jan. 1,1881,
Jan. 1,1882, 53,927.
Jan. 1,1882,
1877, $1,638,128.
1877,
$1,867,457
Death- 1878, 1,687,676
Jan.
Income
Divisible
1878, 1,948,665.
Jan.
claims
1879, 1,569,854
firom
1879, 2,033,650.
Surplus
Jan.
at
1880, 1,731.721
1880, 2.317,889.
paid
Jan.
Interest
1881, 2,013,203
4
per
cent.
1881, 2,432,654.
Jan.
of
New York.
BANKERS,
$361 544 70
187,439.98
5o!252 67
2 965 35
have been issued, insuring $32,374,281,
.
/l.n.JOTDlE
*.Ar
Jan. 1,1878, 45,605.
St..
Desirable Texas Securities for Investment constantly on hand
Board of Trustees has declared a Reversionary
mmVJS.I^" ""^'•i'?"' surplus .of $4,827,036 the
' '" """P""'"' •" '"•'' """-ibution to surplus, available on settlement
2f ieSi ann Jal i'r'emVum.''
During the year 9,941
BEBRS,
J,
WALL STREET, NEW YORK.
$2,098i774.78
$47,228,781.64
4 per cent
Estimated Surplus by the New York State
B.
C. Chew,
No. 7
'
H. B.
CO.
FRANK
Carlisle net premium
39 716 408 63
Reserved for contingent liabilities to Tontine Dividend Fund, over and
above a 4 per cent, reserve on existing policies of that class
2 054 244 03
Reserved for premiums paid in advance
28'889!67
Number
Ala.
BROOKLYN CITY KAILROAD
16 CourtSt, Brooklyn. 31 Pine
227,032.97
48,673.57
Jan. 1, 1882
Appropriated as follows t
Divisible Surplus at
CO.,
&.
Indianapolis, Ind., and Montgoniery.
452,161.00
CASH ASSETS,
'
FRAKCIS SMITH
Brooklyn Gaslight Companv Stock.
Union Ferry Company Stooii.
Nassau Gasltpht Company 9 Per Cent Certiflcatefl.
Brooklyn and New York Bonds,
Bank, Insurance, and other I^ocai Stocks.
Bought and Sold by
Bonds and mortgages,
Adjusted losses, due subsequent to Jan. 1, 1882
Reported losses, awaiting proof, &c
Matured endowments, due and unpaid, (claims not presented)
.'...'.'.
Annuities, due and unpaid (uncalled for)
Reserved for re-insurance on existing policies; participating insurance
at 4 per cent. Carlisle net premium ; non-partlcipatmg at 5 per cent.
PER CENT,
PEK CENT,
First and onlj- Mortuafie S Per Cent Bonds.
17,216,531 .42
4,486,506.62
* Premiums on existing policies In course of transmission and collection
(estimated reserve on these policies $300,000. included in liabilities)
Agents' balances
Accrued interest on investments Jan. 1, 1882
Excess or market value of securities over cost
* A dttaiUd scheduU of these items 'will accompany the utuat annual
report filed with the Insurance Department o/ the State o/ New York.
8
waiTB
379,860.21— $6,697,480.26
10 Jan. 1, 188'^
FOR CHOICE
1IVDI41VA 6
$46,130,006.86
quent
CO.,
York, 45 Wall Street.
SOUTHERN
224,772.24
1,001,027.59
Invested in United States,
$1 9,31 5,306.20)
Real esute
amount of these prime Investment
For Official Reports and Terms
Mortgage Loans,
$5,091,820.22.
Taxes and re-insurances
Commissions, brokerages, agency expenses and physicians' fees
OIBce and law expenses, salaries, advertising, printing, Ac
& Antr.
& June.
Int. Feb.
int. Dec.
Boston, 83 Devonehlre Street.
$61,887,487.12
$2,013,203.32
by death. Including Reversionary additions to same
Endowments matured and discounted, including Reversionary additions
564,924.96
to same
Annuities, dividends, and returned premiums on cancelled policies
2,513,691.94
In
limited
New
357,167.37—2,432,854.33— $10,483,368.27
Total Paid Policy-holders
$444,381
POOR, OLIPllAIkT &
losses
Cash
A
2,789,821.70
sold)
354,784
$479,4"^
aecuritiea for sale.
apply to
real estate
Less Interest accrued Jan. 1, 1881
339,288
$424,132
l8t MtK. 6 p. ct., doe 1910.
ad nitK.r p.ct., due 1905.
387,972.13— $8,050,TI1.M
on
367,882
$323,147
1882.
$8,*38,684.07
Less deferred premiums Jan. 1, 1881
Interest and rents, (including realized gains
1880.
BROADWAY.
REVENUE ACCOUNT.
Premiums
1S79.
389,218
The Company has a land urant of 1,500,000 acres
covered by its mortitages; earns, net. more than
twice the Interest on tbem; has recently been made a
portion of the trans-continental Hie of the Southern
Pacliio Kallroatl. It is believed that these bonds
have a larger surplus of values than any others on
the Stock Excb inge selling at equal prices.
New-York Life Insurance Co.
OFFICE, Nos. 346 and 348
1878.
Net earnings... 1692,363 $792,014 $818,766 8799,168
or TH>
Car Trust Bonds.
WK MAKE A
SPECIALTY OF THESE VEKl
SAFE SBCUKITIKS. AND BUT AND SELL SAME
AT MARKET PRICE.
WK OFFER A LIMITED AMOUNT OF DESIRABLE CAR TRUST ISSUES, ADDITIONALLY
SECURED BY TUB DIRECT OBLIGATION OF
THE RAILWAY EQUIP.\1KNT COMPANY.
POST, IHAitTliV
&
CO.,
34 PTNE STREET.
UDeiicer TrcuK.
Geo. F. Peabody.
Fred. B. Noyes.
Spencer Trask & Co.,
BANKEHS AND BROKERS,
D.,
JOHN MAIRS,
HENRY TUCli. M. D.,
ALEX. STUDWELL,
R. SUVDAM GRANt,
70 Broadway,
New York
City.
Transact a general Banking Business
MORRIft F
D A Mi^a la.
™"«'«'»
FRANKLIN,^
,
"eiident.
MTII-LIAIUIU
WILLIAM H. mn^m^r'.
BEERS,
ie«-Pre»ident and Actuary.
Stocks Bonght and Sold on Margins.
Interest allowed
on Deposits.
Bbancb Offices,
Oonneeled by Private Wirei,
Philadelphia, 132 S. Third St., C. F. Fox.
Albany, N. Y., Maiden Lane,
W. A. Gravss.
'%antoga,lN. Y., Grand Union Hotel.
I
;
m
^1
pnatttTaO
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATKS.
of ConKteaa, tn the rear 1682, hy Wm. B. Dasa. A Co., In tbe office of tbe Ulmulan of Coagnn, Washington, D. a
(ent«r«d, aoMrdlng to
ftot
VOL.
I
SATURDAY, FEBRUARY
34.
CONTENTS,
11,
NO
1882.
868.
amount in the aggregate, and to take out 5 millions
from the total would in itself be an insignificant deducHare We Qold to Lose <
155 Ellison & Co.'s Annual RoTiew
tion, which even two months' production would more^ffcan
Continuing
Our
Nattoual
of the Cotton Trade for the
Banks
162 make good. These are well-known facts which were present
l.'iB
Year 1881
The Plnnnclal Situation
157 Imports and E.tportB for DeTbe BiMincss of the Chicago &
c'einl)er, and for the Six and
to the mind of every reader in connection with our remark
Northwestern
Twelve Months Ended De
158
Tbe Opening of the British
cember31, 1881
166 that we had no gold to spare, since we have stated them
Parliament — Tbe
Qaeeu'g
United States Treasury StateBpeeoh
167 all within a few weeks in these columns.
159
ment
Ballroad Eamlnga in JanuMonetary and Commercial
ary, 1882
167
160
English News
And yet, do not let us forget that this 575 millarge
THE CHRONICLE.
Commercial and Hiscellaueons
News
lions
167
of gold
is
not
in a barrel with a
all
bung-hole
BANKERS' QAZETTE.
Konej Mnrket. Foreign Ex
Ouotations of Stocks and Bonds 171 in the end, and we holding the spigot in our hand
obange. U.S. Securities, State
New York Local Securities
172 regulating the flow at will.
In the first place, there is
•nd Railroad Bonds and
Railroad Earnings and Bank
^tooks
173 only about 300 millions of it that can be even nominally
169
Returns
Bange In Prices at the N. Y.
Investments, and State, City
Stock Exchange
170
and Corporation Finances... 171 reached the balance has a kind of mythical existence,
THE COMMERCIAL TIMES.
Commercial Epitome
179 Breadstofls
184 being in the hands of the people throughout the length
Cotton
180|DryGood8
185
and breadth of this vast country, and so securely put
away that one very seldom meets a dollar of it in his daily
transactions:
Compare our position in that particular
Ths C03UI8BCIAL AND FiSANCiAL Chbosiclb w issued every SaturEngland
and France. Their square miles of terriwith
day morning, ieith the latest Jiewt up to midnight of Friday.
'(Entered at the Post OlBcc, New York, N. Y., as second^ilase mail matter.] tory are literally covered with gold coin, and one finds it
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCEi in abundance, everywhere passing freely from hand to
For One Year fincluding postage)
hand.
Hence, when a drain comes upon their visible
$10 20.
For Six Months
do
6 10.
Annual subscription in London (including postage)
supply, they can replenish it, as they have been doing in
*2 78.
Sixmos.
do
do
do
1 Ss.
We have no
Subscriptions will be continued until ordered stopped by a wrltltn past years, from internal domestij sources.
;
1
.
order, or at the publication offlee. Tbe Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Offlce Monev Orders.
A neat file cover is furnished at 50 cents; postage on the same is 18
cents. Tolumes bound for subscribers at $1 00.
Liverpool
The office
confidence in the estimates
allow her.
Office.
of the Chbosiclk lu Liverjiool Is at No. 5 Brown's Buildwhere subscriptions and adveninemcnts will \>o taken at the
regular rates, and single copies of the paper supplied at is. each.
WILLIAM B. DANA. )
.WILLIAM B. DANA & 00., PabUshers,
total a. FLOYD.
79 fc 81 WllUam Street, NEW YOBE.
J
Post Office Box 958.
ings,
made
of Great Britain's invisible
She evidently has more than any of them
Her past accumulations cannot be measured
stock of gold.
through the net results of the official tables of the import
and export of that metal and we are very much afraid
;
that ours cannot be either.
money
That
is
to say,
it
looks as
commerce leaked into Great Britain in
divers hidden ways; and may it not similarly leak out of
if
RAVE WE GOLD TO LOSE?
the
of
Objection has been taken in several quarters to our the United States ?
statement of last week that '-we have no gold to lose;"
But be that as it may, with us whatever
"
the opinion being expressed with great confidence that an
of the people,
is
so small in
amount and
is
in the
hands
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
abready been made and of the possibility of a continuance of without going further, whether the reader thinks we have
the movement,
now
few words any gold to lose, even if there were no other elements
"We
to the problem than have thus far been disclosed.
Of course no one understood us as meaning by the have such an extensive territory, that it requires more per
statement quoted, that an export of a few millions of gold head to supply our people's wants than it does Great
would ruin the country. Nothing of that nature can be Britain's. It may be said we have a sufficient substitute
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 lass under the
such an outflow. The IJnited States held on the first of influence of panics in Europe, if we had no bills below ten
of explanation
if
not
may
later in the season, a
be of advantage.
November, according to the Mint report, 5G3 millions of
gold coin and bullion, and as the net import in November
and December was $5,380,000 and the production about 6
millions more, we must have had on January 1st, 1882,
or twenty dollars, and forced into the
nearly 575 millions of gold
mentioned holds
in
the country.
That
is
a
denominations
now
fill,
gold and
place
silver.
the -smaller
Why
should
we
be content in holding a position so much less stable and
independent than either of the other nations we have
?
THE CHRONICLE.
156
step
millions of gold.
banks report on hand about 80
New York Sub-Treasury shows about 76 millions more.
Where
the balance
is
of the
300 millions
?
Scattered
mainiy in small amounts through the banks, national and
part of the land.
State, and in Treasury deposits, in every
utmost 225 milat
the
that
then,
say
safely
not
we
May
extreme limit of our available gold supply for
supporting our commercial exchanges, our currency and
To be sure we are producing
for meeting foreign calls.
satisfy a drain, for our peoto
help
gold, but that will not
lions is the
ple are absorbing
it
faster than
is
it
produced.
XXXIV
banking associations whose charters are expiring to extend
corporate existence whereas Mr. Buckner, of the
The same Committee, furnishes a minority report providing
be well, however, to carry our investigation a
The New York, Boston and Philadelphia
further.
It will
rVoi^
their
;
for their virtual liquidation.
would be impossible for this question to be raised in
a more satisfactory manner. Thern is no opportunity for
dodging or concealing the real issue. Now let the matter
be thoroughly discussed in Congress, and the speeches be
It
and wide in every Congressional district of
We have the utmost confidence in the judgment of the average American citizen all it needs is to be
enlightened, and no machinery could be devised for attain-
circulated far
the country.
;
The Mint ing
that end, better than that within
the control of our
That the public is alive to
representatives in Congress.
Statement shows the amount in the hands of the people
from
the letters we receive from
judge
may
we
the issue
Nov. 1, 1879, to be about 160 millions on Nov. 1, 1880,
asking
whether
we cannot induce
South
West
and
on Nov. 1, 1881, it had the
it is given at 200 millions
banks
in
establish
those
sections.
Besides,
to
capitalists
So whether we like it or not, we
reached 271 millions.
quickened
by
study,
until
the
will
be
people
this
intere3t
are reduced to the necessity of accepting the fact that 225
bank
is a necessary outgrowth of"
the
that
clearly
see
gold
for
available
stock
of
millions or less covers our entire
;
;
commercial purposes.
It is
not necessary to suggest the
effect on this small stock of a continued
outflow.
For
commerce, as
We
essential to its life as blood is to the body.
ment
rope's wants.
our experience goes, and that
is
to
our quickly accepting a
it is
attach-
our present national system that would prevent
abundant for our own needs if we are
prudent, any one can see that it is no evidence of wisdom
to talk flippantly and boastfully about freely supplying Euwhile the supply
we have no
have, however, often said that
we
All
better.
claim for
it is
that
the best system that has yet been devised, so far as
it
should be continued and
The banks in this
The delicacy of the situation is more clearly seen when
majority
of
banks
elsewhere, have
in
fact
the
city,
and
lost
we remember that for the time being at least we have
in the question
the
case
now
stands,
little
interest,
as
very
Two
condithis
gold
current
the control we had over
profits
of
banking
business are nofor
the
of
continuance,
accumulations.
securing
past
concurred
in
tions have
It longer peculiar to the national system, and the banks
Piist of all was the need the country had for gold.
cultivated until a better
is
proposed.
would never have come had we not required it for desiring to do so can quickly reorganize under State
That requirement forced such trade law. But suppose they could not or d« not reorganize,,
relations with other countries as made the accumulations and that the opposition should be able to throw into
possible, while our abundant crops simply furnished the liquidation the 92 millions of banking capital the coropportunity.
It is extremely important that we do not porate existence of which will terminate witiiin a year
can one easily measure the
this
relation between the supply we obtained from the first of March;
lose sight of
and the use we had for it, since it helps us to see how harm such action would work to commerce and to the
It would be individual and public interests solely
directly the efforts now making to push silver certiD- people
in other words to that would suffer, not the interests of bankers or banking
cates and silver dollars into circulation
make them supply the place of gold weaken to that very capital, for the latter would quickly seek other, safer and
extent our power to obtain the more valuable metal. more profitable investment.
But although this statement covers a truth so evident to
Besides, to effect this w^are compelled to over- value silver
and hence prevent it from being exported. Thus we not only our readers, it is a point the people are not well informed
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.
rob our export column of an annual value of about 25 their constituents in rural districts have no interest in
currency purposes.
—
!
—
—
—
—
It is
They cannot
the continued existence of these city banks.
millions.
not surprising, in view of
all
tho
facts
we have
suggested, that conservative classes have felt some uneasi-
ness under the prospect of shipping gold.
we showed
The next
five
rise
above the idea that banks are simply
discounting accommodation
have a constant grievance
and
notes;
—frequent
local
shops for
may
it
refusals
be they
— as the basis
of that belief.
Argument with them would be useless; so
abundant than the only resource is to take the issue directly before their
a year ago. 'We have less produce to send forward, but constituents by circulating well-considered speeches, not
as values are generally higher, unless our imports increase, filled up with figures, but explaining in simple language
the belief seems to be well founded that our trade balance what banks really are and the place they fill in the comwill continue fairly favorable.
We cannot think, there merce of the country, until the farmer in the West who
months, as
commercial
bills
last
week, cover a period when
are likely to be
much
less
fore, that the outflow will be large.
The disposition cur
people have shown to hoard gold has neutralized the efforts
of Congress to get rid of it.
raises wheat,
and
in
the South
who
ent upon the bank as he
is
upon the
prejudice would destroy the one,
CONTINUING OUR NATIONAL BANKS.
It is seldom that the people are so fortunate as to have
the issue of the continued existence of our national banking system sharply and distinctly presented. This week,
however,
in a
way
it
has come before the House of Rspresentatives
raises cotton, sees for
as
depend-
railroad.
If his
himself that t© get his produce to market he
blotting out both, reducing the
to the
mule as a carrier and
let
is
hint save time
commerce
by
of the country
to the country store as the
exchange-mart.
Then
this
there
is
the question of currency involved, for
90 loillions of capital carries with
it
68 millions of
any member who is eager to bank notes. If the opposition to a continuance of this
enroll himself in the opposition to do so 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
that will compel
presented as a majority report a
bill to
enable nalioLal
careful consideration.
It is a
very serious question wha'^
Kkbrdary
shall be
IHK CHKOMllLK
11, I8b2.j
our future currency, for our bonds are being paid
and appreciating so in price that we are likely
our bank notes whether we will or not, unless we
so rapidly
lose
to
do soiuethiug 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 beat banking system any
country has ever enjoyed. Still we should not lament, if
these iconoclasts would at the same time put out of existence all paper money below twenty dollars and thus force
gold and silvar into general circulation.
There is also a corollary to the cauclusion these suggostions reach, and that is, if the continuance of those banks
and this currency is found so desirable as it seems to us
to bo, why should we not relieve the system of some of
the burdens it is now laboring under and leave it free to
expand. But we will not discuss that point now, for we
cannot doubt that measures to that end will be reported by
the Committee later in the session. The thing to remember at present is, to press this war to the end. There is
nothing to be ashamed of or to apologize for in ©ur
national banking system.
The more it is discussed the
better it will be liked, and the less favor will be shown
So we cannot but rejoice that the issue is
its opposers.
fairly and openly raised in this instance.
schemes of a similar character, and all that are in anj
to suspicion will most likely, for the present at
least, bo shunned by investors and speculators.
It is
in
way open
probable that the promoters of
made strenuous
There has been a material improvement
ment
in the situation
The long-dreaded
«f financial markets this week.
settle-
Bourse was accomplished without serious
-disaster, confidence was immediately restored at London,
exchange grew weaker in our market, and stocks promptly
at the Paris
responded
to
the
made by
ihe apparent good
•exhibit
trunk
lines in
changed
condition.
The favorable
the leading railroads for
faith
January and
displayed by the managers of the
carrying out their late agreement, con-
tributed to sustain prices in Wall Street uufil yesterday,
when
there
was some depression and
irregularity, reported
to be the result of large sales of certain stocks
by a cotton
iiouse which failed Thursday.
The reassuring advices from Paris received late on Friday
were confirmed on Saturday. The settlement resulted in
some failures, but these were expected and therefore
The suspensions were, however
occasioned no surprise.
confined to what are known as outside brokers, and did
members
these
enterprises have
sustain them, and to give
efforts to
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
Generalo.
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 unsettled feeling there will naturally be communicated across
the channel.
The markets
of
London would not be
these influences from Paris
if
so sensitive to
the condition of the
Bank of
England as regards bullion were stronger.- That bank has
so small a supply that any disturbing event is regarded
with anxiety. If there were a probability that affairs in
Paris would continue in such an unsettled state as to require
more or less permanently the supply of gold which has
by the crisis been drawn to the Bank of France a speedy
reduction in the Bank of England rate of discount could not
be looked
Bank
THE FINANCIAL SITUATION.
157
for.
Therefore the daily increasing gain by the
on balance and the improved condition of
exchange at Paris on London were regarded with satisfaction, and we can readily understand why on Wednesday
afternoon the London market responded so quickly to
unfavorable news from Paris and sympathized on Thursday with the more encouraging intelligence.
Our exchange market quickly felt the effect of the improvement in London, and on Tuesday the rate for sight
sterling fell off half a cent, while there was a better demand for 60-day bankers and a more settled market for
The supply of sight bills, however,
commercial bills.
appeared to be scarcely equal to the inquiry, and the
Under Wednesday's news the mardecline was arrested.
ket for short sterling grew stronger again, and on Thursday the rate once more advanced to a point which made
Rumors were current on
profitable shipments of gold.
that day that gold would go out by Saturday's steamer,
which it is now reported will not sail until Sunday mornProbably the amount will be small. This belief is
ing.
encouraged by the break in both the breadstuffs and cotton
of bullion
Monday
markets, as 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
exchange market with bills, now so greatly needed. The
not involve the regular
with indications
of
returning
of the Bourse.
confidence.
The most
gratifying feature was the rate of exchange on London,
following shows 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
Fib. 6.
Web. 9.
Fib.lO.
Feb. 7.
rei. 6.
of England, the Bank commencing on that day to
jv.r.
Lond'n
tf.Y.
ixmd'n
Lmd'n
tr.T.
Lond'n
N.r.
N.Y.
Lond'n
gain bullion on balance for the first time since the
prtcM. pHcea.* priett. priea.' prlcu.
VTicet.* pricet. prUa.' prica.
troubles in Paris assumed a threatening aspect.
117-84 118H 117-72 118X 117-78 nm
iirsi 118H
0.8.4S.O. 117 06
101-63 I02«
With these changes in the movements of gold and ex101-S3 108)4 101-53 102H
10103 102Ji 101-63
89-85
40-28
40-23
40-01
40
40
Krle
4001
40)i
am
change, the London market resumed its normal condition
99-18
9S-89
mi
2d con. 90-18
99
99K 09-06 99M 99-08 90
138-40 138W
on Monday, and the tone continued strong until Wednes- in. Cent. 136-49 1357^ 13874 1S6« 136-60 136« 136-11
131-71 ISIH
N. r.
180-8S 130H 181-58 181M 131-94 131K isi-ao I31H
day afternoon, when it was slightly unsettled by the news Ueadinr S142t e8j4 31-Ml esji 8r75t 63 31-63+ 6a« 81-8U 04
of a disquieting character from Paris. This change at the Bxch'ge,
4-91
4-91
4-81
400«
4-»0Mi
cables.
French capital was the natural result of an effort on the
• BxpreMed in their New York equivalent,
part of speculators, who had carried their stocks through
f Beading on baals of tSO, par ralae.
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.
in the Bourse and an improved feeling in London.
of this increase probably came from Paris and the re-
C
It is reasonable to expect that the
be
sensitive for
Oenerale
has
some
time.
doubtless
The
greatly
foreign markets will
collapse of the
unsettled
mainder from the interior of Great
Union France
confidence
exhibits a gain,
if
Britain.
The Bank of
correctly repoi ted, of 76,850,000
francs gold, and a loss of 13,175,000 francs silver.
The
—
.
THE (^HRONICLE.
158
[Vol.
XXXI V.
and this is doubtless what holders of these
bonds are waiting for. The redemptions at the Subsince our last,
of bonds embraced in the 105th call have been
in each of the princi- Treasury
ing shows the amount of bullion
and of the 106th $224,000. This leaves about
at the corresponding $25,600,
pal European banks this week and
$691,100 of the former and $3,381,900 of the latter still
Bank
marks
reports a decrease of 4,660,000
followThe
which probably went to Paris.
Germany
of
March 13
date last year.
Silver.
Qold.
Silver.
aotd.
outstanding.
Feb. 10, 1881.
Feb. 9, 1882.
»
Bulk of England
Baudot France
Bonk ol Germany
26,126,584
32,25 ::,9S2 45,332,464 21,698,951 48,364,090
6,926,912 20,780,738 7,080,687 21,242,063
.19,300,952
.
.
58.480,846 66,113.202 54,906,222 69,606,153
54,635,568 66,052,704 54,741,001 69,546,432
Total this -week
Total previous week.
The payments by the Assay Office, through the Sub
week amounted to $39,521. The
receipts by the Assistant Treasurer from the Custom
Treasury, during the
House were
Consisting
DaU.
call
"
Chicago and St. Louis have advanced, the latter to par
and the former to 25 cents per $1,000 discount, and thus
The
the drain of money from this centre is checked.
gain,
in
a
resulted
Treasury operations for the week have
at
which is a loss to the banks, of $1,328,010 67. The following will show the extent of the interior movement
during the week.
Receipts at
and Shipmenti from N.
Y.
Gold
Total
I>uties.
Gold.
has been in good and at times in liberal Feb.
Monday to
"
supply during the week, and an attempt on
"
exchanges
domestic
The
unsuccessful.
was
rates
mark up
Money on
as follows.
3
$415,637
474,801
591,797
616,707
369,230
740,966
...
4...
6....
7....
"
8
'•
9....
...
Total...
V.S.
of—
Silver
Dollars. Certificates.
Silver
Notes.
$2S2,000 $19,000 $1,000
40,000
284,000
369,000
25,000
1,000
434,000
38,000
1,000
251,000
28,000
580,000
39,000
31
69
74
73
68
97
$2,210,000 $139,000
$3,209,142 12
$103,000
154.000
197,000
141,000
90,000
122,000
$810,000
$3,000
THE BUSINESS OF THE CHICAGO
dt
NORTH-
WESTERN.
In view of the activity and strength displayed of late by
& Northwestern, it will be interest-
Seceived.
Shipped.
the stocks of the Chicago
$1,106,000
24,000
$693,000
48,000
progressing.
$1,130,000
$741,000
for
how the company's affairs and business are
The fiscal year ends May 31, and the report
1880-81 was issued at the regular time; but contrary
ing to see just
The last bank statement was made up on declining te the practice hi 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 in expenses
items, to reach a correct idea of the changes in the bank which pretty nearly all roads have shown during recent
periods, these are no longer accepted by the public as
reserves.
Inio Banks.
Out of Banks
indicative of the net results of operations.
The
figures
Xet Oain.
given in the company's return for the calendar year to the
$1,328,011 -$1,328,011
Sub-Treasury operations, net.
Interior
movement
3,130.000
$1,130,000
Total.
741,000
389,000
$2,069,011
*$939,011
"Wisconsin Railroad Commissioners, an abstract of which
was sent East
this
tune, because they
•Loss.
week, are therefore especially oppor-
make
it
possible,
by
com-
instituting
$300,000 in gold was taken out of the vault of the parisons with like returns for the previous year, to arrive
at a tolerably correct idea of the present business of this
Bank of America during the week.
The stock market, as already stated, was favorably influ- great system of roads.
In 1880-81 (year ended May 31) the road earned
enced early in the week by the news from Europe. This
$19,334,072 gross, or $1,984,723 more than in 1879.80.
rise, and on
Tuesday there was a marked advance in the Southwestern Notwithstanding this increase in gross receipts of pretty
stocks, followed on "Wednesday by a buoyant market for nearly two millions, net earnings were actually somewhat
appears to have encouraged speculators for a
the trunk-line properties,
trators
were announced.
when the names
Values yielded a
of the
little
arbi-
to the
pressure of free sales in the afternoon of that day,
market soon reacted and prices recovered.
truth
is
that
The re seems
in
home
ice
spring.
snow
blockades of the winter months and the floods in
Out
company had to pay for
fund account, and interest on
of these net earnings the
rental of leased roads, sinking
continue favorable.
bonds, $5,139,749 in 1880-81 and $4,837,581 in 1879-80,
be a reasonable certainty of easy money
leaving a balance of only $3,777,502, against $4,080,168
to
the near future;
satisfactory
The
than in the previous year, or $8,908,251, against
$8,917,749, on account of the loss entailed by the
when and
the disquieting reports were received from Europe, but
the
less
conditions
all
the railroad earnings
increase,
show a very
indicating continued business
im-
Still, even this
$302,666.
reduced net income was equivalent to more than 1 per
cent on the aggregate ($36,744,271) of both classes of
in 1879-80, or a falling off 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
in good faith the terms of settlement which they have previous
year was equal
about 11 per cent.
to
agreed upon. These encouraging conditions induce a According to the terms under which the preferred
greater confidence, and so the tendency continued upward. stock was issued, the dividends must be as follows
First
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
before mentioned.
has the preference again of 3 per cent more, while the
Government bonds have been steady and strong, and
dealers report a good investment demand from all sec-
next three per cent goes to the
tions.
The 108th
call
issued on Tuesday, and
for
$20,000,000 extended 6s was
gives the usual 60 days' notice
of the redemption of the bonds.
It is now probable that
an order .will soon be given for the redemption, without
rebate, of
it
bonds embraced in the 107th call, which matures
tions of profit
above
stock share equally.
this
common
in all distribu-
;
10 per cent the two classes of
But the company pursued a conser-
vative course and distributed only 7 per cent on the pre-
ferred
and
6
on the common,
carrying
remaining to surplus account, which on
footed up altogether $7,533,987.
the
May
amount
31,
1881,
.
FlBKDA«T
THE CHRONICLE.
11,1883.]
Judging from the monthly statcinenta of gross earnings
that have already come to hand, and the figures of expenses
supplied in the returns to the Wisconsin Commissioners,
159
$6,818,221 24, while the expense* were $3,563,055 92,
leaving the net $3,255,165 32, or $010,306 81 greater than
in 1881.
With these figarM before oa we cannot doubt
when completed, will show a very decided that the five months of 1882 will turn out better than in
improvsment upon I8S0-81. 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
the current year,
company earned,
$16,733,261, against $13,838,453
gross,
in the corresponding period of the previous year, a gain
Of course expenses have
of $2,894,808.
but after allowing for this there
still
also increased,
remains a gratifying
notwithstanding the higher cost of materials, labor, kc.
the $919,000 lost in net last year will be fully recovered
this
year
;
we may assume that
made good. Adding
actually made during the first
but to be on the safe
side,
only $500,000 of this loss will be
margin of gain in net earnings. The month of January, this to the .$1,387,276 gain
1882, is not embraced in the period covered by the report seven months, the total g^in in net earnings for the year
to the "Wisconsin Board, and, besides, it would be too early ending May 31 next, over that of the previous year, would
be about $1,900,000.
yet to get complete returns of expenses for that month
The only remaining inquiry is, how much of this inbut 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
have accordingly brought an increase in fixed charges, &c. On May 31 the total
very much difBculty.
together the earnings and expenses for each month since funded debt was given at $57,006,000, and the amount
;
We
May
same
The
figures for the
paid for interest during the year (including $98,120 on
time in the preceding year are also added, so as to
account of sinking funds) at $3,746,017 45, and for rentals
and give the figures below.
last,
enable comparisons to be made.
$1,384,731 75.
In the abstract of the report to the Wia-
cousin Commissioners, the total funded debt on
1880.
1881.
MontK
Operating
Groft
ftimitigt.
and
December
$61,057,000 and the amount paid
for interest during the calendar year at $3,838,046 82,
31, 1881, is stated at
Optrating
Grow
Net
fxpenta
eamtngs.
taminqt.
and
tax*t.
eomingt.
taxes.
and for rentals at $1,482,247 86. It may be that by the
end of the current fiscal year. May 3 1 the charge for interest and rentals will have still further increased, so we
will allow for the former a round 4 millions, and for the
latter a million and a half, or 5^ millions together.
This
is about $370,000 above the same charges for 1880-1,
which, 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 1^ millions,
,
1,871,177 09
930,914 23j
74)s(sea
980,63807
1,099,686 66
8«,C50
fSS,';84
AueQSt
2.315.164 03 1,106,430 22 1,149,78881
1,767,988 65
Sept.
2.282.076 79
972,809 90 :,3l»,:7689
2.S4 1,007 80 1,047.955 50 I,2U3,I4280
886,781 11 1,:23,2S«88
2,019.037
1,855.476 51
934,41219 921,064 36
2,020.!M4 58
886,478 OOJ 881,480 56
848,752 27. 1,171,492 31
850,504 66 1,254,622 07
82e,i«61 08 1,028,860 66
826,950 72 050,96! 44
Jnne
July.
Oct
.
«.S0e.440<tS 1,140.586 73 1,159.86378
..
1.963,031
..
..
Not....
Dec...
M 1,002,399 57
2,105,216 73
M
!,865,621 74
1,477,902 16
i3|
05
Tetal. 15,112,925 19 7.166,460 21 7,947,450 98 12.597,786 52 6,037,601 69 6,560,184 83
In the
first
seven months of the current
road has thus swelled
So much
its
How
for this part of the period.
remaining
months
five
more favorable than
this question
Are they
?
year
in the preceding year ?
fresh
too
tion here.
SuflBce
it
and the floods and
expense
additional
or
less
To answer
one has only to recollect the peculiar influences
severe weather of the winter and
are
about the
likely to be
part of
affecting railroad operations in the early
The
year the
fiscal
net earnings by $1,387,275 15.
in
mind
to
say,
to
detailed
snow
and
menice,
only entailed a large
freshets, not
in
need
that the
1881.
spring of that
operating
the
road,
greatly reduced gross receipts through the
but
embargo
also
making
this item for 1881-2
more than $5,275,000, against
the $3,777,502 given above for 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
Should
fiscal year more than 14 per cent on its capital.
there be no change in the present rate of distribution
still
—which
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.
that
was placed upon the free movement of traflBc. Indeed, so THE OPENING OF THE BRITISH PARLIASPEECH.
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
MENT—THE QUEENS
months of the calendar year 1881, adding the gross the speech from the throne was read by the Lord High
It is now some years sine©
Chancellor, Lord Selborne.
ing months so that the reader may fill in the figures as Queen Victoria ceased to make her long-accustomed
five
earnings for January, 1882, and leaving blank the remain-
appearance at the opening of Parliament, and, in her
the year progresses.
admirable manner, read the
gjpeech.
As
own
the years of
1881.
UontK
Operating
Qrou
Ntt
exp€n»n
earning.
earning
Oron
Net
Expente9.
eam<ng>.
her widowhood advance, she shrinks more and more from
public gaze, courting retirement which seems to ac-
earninga.
andtajcea.
much better with the current of her feelings.
There
is no evidence, however, that she is losing any of
Jra....
Feb....
that deep interest which she has always Uken in the conMarch
dition and welfare of the empire and of her people, or
April..
U%j....
that increasing years are in any way injuriously affecting
ToUI. 6336,285M 4,391.427 022,344 8* 51
that wisdom which she has always manifested, that comHere 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.
tioB operating thea close on to 2,800 miles of road could
It is well known that the Queen's speech reflects the
only make just 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,
cord so
t
:&0.6698»
1,940.667 361.081,108 00
ftSSSS
963,204 63 962,28234
1,178.795 96 910.07238; 266.728 1»
1,474,611 70 846.680 88j 627,08081
501.343 44 i.san.aea 86
1,879,006 30
%
I
.
earnings for the
I
1,620386
I
first five
months
in that
year amounted to
but
may be
utterly opposed to them.
By a
sort of fiction
.
THE CHllONK^LE.
160
[Vol.
XXXiV.
address able to the good government of the country and the
Prime Minister for the prudent development of its institutions. The occupation
Tho Queen simply reads of Egypt by English troops, or by French and English
time being and his Cabinet.
what is prepared for her, and put into her hands. In troops, might encourage action in the Balkan peninsula,
England no Prime Minister, in the hour of difficulty and thus lead to dangerous complications. The general
•or defeat, seeks refuge behind the throne; nor does any peace prospect is greatly encouraged by this portion of the
How far Germany may have been influroyal or imperial rescript remind the people that the royal message.
throne is the fountain of all authority, and that what are enced by the conservative attitude which France and
-called popular rights are but favors granted by the crown. England have assumed towards Egypt we know not, but
It would be an error, however, to imagine that royalty it deserves to be noted that Prince Bismarck has since the
in England is merely a shadow, and that the power of the opening of the Britis'i Parliament informed the Russian
which has come to be
is
in
throne
reality
is
understood, the
well
the address of the
only nominal. There has been no radical change
the days of George the
in the Britisa Constitution since
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
who undertook
Secretary of State, and
Minister that
Germany regards her
with those of Austria.
quence
to say that a
averted.
Austria
It
is
interests as identical
safe,
we
Pan-Sclavic war
think, in conse-
for the present
now, unhindered, be allowed to
will
is
re-establish her authority in the rebellious provinces.
great enterprises,
and waged great wars without even
RAILROAD EARNINGS IN JANUARY.
men in office around him. The
January leads o£E the new year in railroad earnings
Queen has the power of choosing and dismissing her minwith a most gratifying improvement over the correspondisters, of approving or disapproving of the policy of the
There are fifty-two roads
Cabinet; and, notwithstanding the custom which she has ing month of the previous year.
80 long encouraged of recognizing and submitting to tiie in our table, and these on earnmgs of $14,508,048 in January, 1881, show an increase of over 3i- million dollars, or
will of the nation as expressed in Parliament and through
about
25 per cent.
Mileage (observe the large aggregate
its mouth-piece the Cabinet, she could easily, if she chose
of
more
than
thousand miles which these roads
J
to be troublesome, assert her authority and give a world
41
embrace)
during
the
same time rose 4,914 miles, but the
annoyance.
of
formed great
alliances
consulting Parliament or the
These 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 personal feeling was never allowed to show itself in
pubhc affairs, or in any way to interfere with the expressed
will of the nation.
Mr. Gladstone's
was
in
first
Queen's speech
direct
in
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
fXf mplc which her Euccefsors are likely to imitate.
of the speech are very
have been expected
us,
OKOBS EABNINGS AND MILBAOE IM JANDART
Oross Earnings.
Name of road.
1882.
Burl. Ced. Eap. & No.
Cairo & St. I^ouis'
Ueut. Biaiicli U. Fiic.
Central Paeiflo
Clik'aKO * Alton
Chic,
Chic.
Kastoru
ifc
III
&
Gr. Triinkt...
Mihv. <&St. Paul.
Cliicaao & Northwest.
Uiic. St. liOiiis & N. O.
Ohio. St. P.Minu. &0.
Cincinnati Southern'.
Cliic.
the present administration
interesting to
less
Her Majesty
had a strong 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
The contents
much smaller than in earnings, being
than 13 J per cent. Below are the details for each road
this year and last.
ratio of increase is
in
the
much what might
circumstances.
They
are
however, only
Cm.
Inil. St.
Ckvc.
Alt. A:
&Ch.
L.
Col
....
Kock. Val. A Tol.
Uenv. * liio Grande.
L)es Moines >*t Ft. u.*.
hliitil Tenii.Vii. <k. Ga*.
Col.
i-"lii.t
Ji I'ere
.Mani
Do
Central
(Iowa
(111.)..
lines).
Blooin. A West.;
Intern 1 & Gt. North.
Inil.
Iowa Central
Uiko Erie & Wc^stcni
Lons Island
know
that
.
of
Egypt and the
Sclavic complications in
the east of Europe, it is grati
lying also to know that there
is a good understanding
between England and France
and that both Powers ...
pledged to the maintenance
of
;
the rights already estabEgypt, whether by nrmans
of the Sultan or by
the various international
engagement, in a spirit favor^
Ushedm
Total
'
t
;
1,870,000
S79.447
119,588
115,549
167.750
22,907
60.057
1,602,907
499,120
125,150
Mileage.
Increase or
1882.
Decrease.
1881.
85,073
•f 201
020!
-1-4.417
363
t64
140
300
-f273.093
2,8621
2,5^6
-i-80.3-J7
840
840
-f-
-f
102,3 73
146;
24, 132
-1-1
23o|
220
33 5
335
4,104i 3,77.^
3. 170
[
+ 44,153
1,435,000
1,620,336
990,817
1,240,067
27:i,tiO0
307.-11)8
340,220
257,785
87,750
—67,020
3,100
571
-1-49.713
l,003l
200,U4L
3J,022
182,5
-hl7,519
32,519
-197
214. u;7
19H.:il2
4'.iI.!)U
307.1.)
0,855
-H18;,440
123,7(jB
2i.i;2t
I8,3.'S
i(i7,i;.i-'
177,580
135,379
i-379,069
-1-30,'
a
144
322
1,06.'
-l-fi,29i;
87
-!».938
900
318
8o7
3.-.(J.lGi)
359.i7ci
S80,730
147,143
511,453
119,828
+ 09,27:
91v.
-|-27,!;l;
lil5,82t
211,1)32
185,0.50
1;'1,444
87,307
60,10«
105,179
104.513
816,960
111,842
12,950
39.077
150,403
330,510
388,081
224.340
139,154
164,917
110,508
42,303
28,502
40,007
104,577
71,148
570,958
212,435
254,187
20.761
103,988
281,176
46.249
1,339,799
811,617
402
544
776
210
385
328
2,020
10,(188
950,1 105
101,115
11,090
05,293
109,671
400,165
552,075
101,433
158,362
153,847
239,800
90,854
29.855
67,755
104,307
64,680
516.370
256,784
395,461
34,206
109,254
310,785
70,078
1,961,088
1,229,965
-HO,174
-^30,48H
1.1
38
-1-23,887
175
-(-] 33,105
-I- 1
5.
-10,727
-1,200
-f59..'fi8
330
113
275
360
-1-09,655
1,18S
103,994
795
506
-1-20,210
-f
-02,913
-1-19.208
394
-11,070
423
972
-1-123,292
—270
-e,J08
—54,588
113
395
3,063
3,350
3,30O
2,179
f5,206
-f 29.009
-f418,348
330
250
225
680
700
506
316
429
722
231
186
190
195
121
686
597
718
lOO
213
SCO
235
-1-41.349
-1-141,274
-1-13,445
-)-29,829
-1-021,289
1,840
231
180
248
195
121
718
601
912
127
243
-f48,540
-I- 1 ,293
27,148
-t-
571
946
336
300
144
322
551
87
UUO
81S
807
919
402
541
623
lai
385
328
300
-i-l
-I- :i
2,761
330'
-1-30,658
- 3.31.
1
the
situation
1
C.'j.074
1'29,()«G
LouLsville &Na.sliv...
in a general way.
It, is
Memphis ct Cliar'ton.
empire in its largest sense Memphis Pad. & No.*
Milw. L. Sh. & West..
is in the enjoyment of peace
with but one exception Mluneap. & St. Louis.
Mo.
Kan. & roxas....
of any consequence, and that is
Ireland.
Even there, the Missouri Pacifle
Moliile & Ohio
condition shows signs of improvement
as compared with N. Y. & Now EuKl'ud*
Norfolk* Western...
iMt year, thus encouraging the hope
that the maintenance Northern PaciHc
of the present policy will
Central
be attended with the desired Ohio
Pad. <t Elizahctht'u*
result.
This statement of the speech is
Peo'ia Uoc.&Evausv.
not belied by St.L. A.&T.H.m.line.
facts, although it is very
Do do (branches).
evident that Ireland is far from
St. L. Iron Mt. & So...
pacified.
That, however, was hardly
St. L )uls & San Fran.
to be expected so
St. Paul Minn. & Man.
soon after the passing of the
Scioto Valley
Land Act.
The new law Soutli
Carolina ...
IS working well; and
time will come to the aid of the Texas* Paclflc. ...
Tol. Delphos&Burl..
government.
Union Pacific
Wab. St. Louis & Pac
In view of the peculiar
gratifying to
2.12,823
23, 1)8
lfl(i.037
Great Wcst'ii ofCan.t
Illinois
1681.
1,114
18,097,011 11,508.048 -(-3.588.963 41,559 36.645
Three weens only of January )u each year.
For tlie four weeks ended January 28.
Including ludi.inapoUs Decatur & Springfleld.
The comparison made
this
course more favorable than
reason of the interruptions to
1881, caused
month with
it
last
year
is
otherwise would be,
of
by
traffic in the early months of
by the unusually severe winter weather pre-
Pbbboabt
vailing
but
;
uflered
THE (JHHONKJLE.
11, 1888. J
it
January
forgotten that
when
than P'ebruary,
the full
conditions in operation were
•fleets of the adverse
Then
not bo
should
it
lesa in this reeiHJCl
felt.
to be said, too, that in spite of the retarding
is
influences at work, gross earnings in January last year
crease,
101
and Paoria
touches
doM
pansion in the volume of grain
little
The Wabash
not lag far behind.
three of these points, and no doubt this ei
all
gain, however,
contributed quite a
traffic
which that rsad
to the gain
is
The
enabled ta show.
very large ($418,348, or more than 50
is
were still large, a gain of over 10 per cent being recorded, per cent), and could not all have came from this source.
and this on earnings of 1880 27 per cent above those of This theory is confirmed by a reference to the company's
detailed statement, giving separately the receipts from ths
It is only by bearing in mind the heavy
January, 1879.
—
—
previous years ever since 1879 that we several classes of traffic, and showing that of the $418,000
meaning of the present figures. Beginning increase, no less than $102,877 was derived from paswith January, 1879, as a basis, and assuming the earnings senger traffic, the total of the same having risen from
then equal to 100, we gel for January, 1880, 127; for Jan- $162,468 in .January, 1881, to $26.''.,.345 in January, 1882.
uary, 1881 (10 per cent increase on the 127 of the pre- Through the acquisition of connecting roads the company
gains
made
in
realize the full
vious y«ar), 140| and for [January, 1882(25 per cent in-
on
crease
the
140 of
1881),
175.
Thus the present
76 per cent greater than those of
earnings are
1879.
operates a largely-increased mileage this year; neverlhe
less,
only a small portion of this $102,877 increase
is at-
tributable to receipts on
able evidences of continued progress, and as the weather
account of additional mileage.
Were the earnings reported on the same mileage in both
years, passenger traffic would compare as follows
Jan-
one way or
uary, 1881, $195,995; January, 1882, $265,345, or a gain
There
no denying that these figvres
is
offer unmistak-
of last year does not influence the final result
another, they are especially timely
with
year
last
prived of
all
is
now when a comparison
by many to be de-
incorrectly supposed
value by reason of this very element of the
not far frosa 70 thousand dollars.
It will
The most striking improvement in the
that shown by the roads in the Northwest.
table above is
The
St.
Paul
and the Chicago & Northwestern especially are conspicuous for their heavy gains. The gains on the Burlington
Cedar Rapids & Northern and the St. Paul Minneapolis k
Manitoba are smaller in amount, of course, but the ratio
in fact, the increase amounts to more than 50
is larger
per cent in both cases. The Chicago St. Paul Minneapolis
k Omaha has an increase of about 19 per cent, on mileage
incr«ased 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 & Eastern Illinois and the Illinois Central.
As the enlarged grain mDvement this year must have
—
influenced favorably the earnings of
roads of the West and Northwest,
all
it
the graia-carrying
will be interesting to
how
the movement compares with that of 1881.
end m view we have compiled the following
table, showing the receipts of flour and grain at the prin(ipal Western ports for the four weeks ended January
'.8, this year and last.
see just
this
aecEiiTs OK
ruwn
\Hi>
oihin for fouu Wbicus c.xiiku j\n. 23.
Flmr,
Wheal,
bbU.
btish.
btuth.
bttuh.
llitileH,
buttk.
Rye.
busk.
Cbleagn—
1»82.... 200.017
1881 .... 227.006
704.161
80:\71i
4.187,418
!.l80,:.0i)
US
7».8'.;3
2,389.21.T
,287,130
-llO.Uiiii
48.007
188-J.... 267,177
1.008.820
3.-.3.50O
1881 .... 212,631
LoulH18>*2 .... 97,404
1881 .... 04,968
850,61)0
230,735
83,505
13U,-13U
307.525
383,275
k:.772
47,015
388,013
350,609
2,102,165
1,007.595
303.427
135,637
220.100
250,510
10,000
7,480
2,387
3,125
406.686
428,308
472.911
474,299
40,50<.
1,000
26,283
26,010
102,673
52,515
33,353
37.390
445,8-12
66,290
32,872
10,576
7,342
30.425
58,700
03.570
180,900
78,600
93,000
25,950
11,000
3,011
28.425
25,050
1,840,650
1,235,350
620,600
54,400
73,580
Mllwkec-
504.
St.
Toledo—
1(182 ....
1881 ....
Detruit—
1882 ....
1881 ....
Clevera—
1882 ....
1881 ....
Peoria—
1882 ....
1881 ....
74.777
34,771
be noticed also that the Pacific roads
tain the
noted
weather.
With
:
still
main-
large ratio of gain for which they have been
all
Thus the Union
along.
Pacific
heaviest increase of any road in our
list
$021,289.
is
Central Pacific's increase
$273, 093, but the increase
is
records the
in the
smaller,
a progressive one,
sum
of
namely
and the
present figure of $1,876,000 compares with $1,089,166 in
January, 1879, so that in the short space of three years
the total of earnings has
Northern
per cent.
double those of
expanded almost $800,000, or 80
Pacific
last year,
earnings
are
more than
on mileage one-third greater,
though being situ-ited so far north the road reaps unusual
benefits from the mild character of the winter this year.
Atchison Topeka & Santa Fe does not make regular
monthly statements of earnings, but the Boston 7Vonscript, which has the facilities for knowing, says that the
January figures exhibit a gain of 35 per cent in earnings
and 16 per cent in mileage.
As in previous months, we have to report that our table
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
But the adjustment of the diffetences
their busines?.
e.xisting between them appears to have had a favorable
effect upon the roads more remotely concerned.
The
Great Western of Canada has a small decrease, $3,312.
All the other roads likely to be affected, directly or indi-
by the settlement of the war and the raising of
Indianapolis St. Louis &
Chicago, Indiana Bloomington & Western (which now
includes the Indianapolis Decatur & Springfield), Lake
Eric & Western, and Chicago k Grand Trunk, show
better results than in January last year.
rectly,
rates,
such as the Cincinnati
Denver
&
Rio Grande swelled
its
receipts about 60 per
was augmented almost 100 percent. In
this connection a brief reference to the question as to what
133
227 proportion of the increase in earnings on Western roads
cent: but mileage
should be ascribed to the carrying of materials for the
66,250
65,075
building of
new
unc mmon
to
mileage,
may not
be out of place.
It is
not
some roads
25,800
410,4.50
Solnth—
receipts reported have been derived from conhalf
tho
1882 ....
100.080
1861 ....
struction material for their own lines. Such a statement is
Total of aU
so far from the truth, that it carries its own contradicdon
1882.... 608,385 2,860,313 0,058,744 3,643,922 1,211,2>3|323,978
1881 .... 628,184 2,073,014 5,409,826 2,180,083' 1,193,4051 160,070 with it; but at the same time the item is of much smaller
moment than is generally supposed. Ife have space to
It will be observed that while there is a small falling
To meet this very point,
refer to only two cases at present.
off in case of flour and wheat, all the other kinds of grain which had been raised against it, the Denver & 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 en the roads to that point is showing the earnings derived from construction materials
©bvious; St. Louis is next in importance in point of in- and embraced in receipts. According to these figures.
hear
it
said that in the case of
'
:
THE CHRONICLE.
162
[Vol.
January
November.
included only $3,313
the $491,914 earnings for January
refer to is
from this source. The other case we would
that comFrom
that of the Chicago & Northwestern.
earnings
gross
of
out
that
see
we
pany's last annual report
last, but
May
ended
31
year
fiscal
of $19,334,072 for the
mater$205,469 was credited on account of revenue from
than
more
no
for
allowed
this
and
lines,
new
its
ials for
NAME.
Cairo
&
flattering exhibits as in previous
make such
month,
this
not,
months, and some of the
Southern roads have smaller earnings than in January last
Of the former we may take the Gould Southyear.
The
western system as a type.
St.
Do
but with the exception of the Missouri Pacific, the main
stem over which the other lines pour their traflBc, the gain
in earnings
This
is
is
in every case less than the gain in mileage.
no doubt
in great part
be attributed to the
to
smaller cotton movement.
As
to
Southern roads, they
the
more
sufiered
all
or
from the diminution in cotton freight, and some lost
business by reason of interruptions to trafBc from floods.
This is particularly true of the Chicago St. Louis & New
Orleans and the Mobile & Ohio, and some minor roads in
less
The decrease in the case of the East
Georgia and [the Memphis & CharNashville still
leston is small, and the Louisville &
The relative promainrtains a fair percentage of increase.
.portions of the cotton movement at each of the Southern
outports in January, this and last year, are shown ia the
the same sections.
Tennessee Virginia
&
following table.
BECBIF»OF COTTON AT SOUTHBEN PORTS
GalTesi
«toK..
IndiandlH.
ianon. &c
bales.
New Orleans
Mobile
Florida
Sarannah
Brvmsmok, &c
Charleston
Port Royal,
1882.
1881.
Difference.
84,696
Dec... 45,841
Dec...
278
1,921
162,442
43,211
1,541
74,766
145
43,299
360
&o
Moreliead City, &c
Norfolk
City Point, &o....
Total.
1882 AND 1881-
38,855
1,613
125,198
22,360
3,595
68,126
33,103
4,008
13,404
6,946
58,888
24,392
Wilminiirton
IS JAN.,
904
6,679
2,516
66,160
18,330
400,878
506,610
Dec. ..37,244
Dec. ...20,851
Inc. ... 2,054
Dec... 6,640
Inc. ..
215
Deo. ...10,196
Inc.. .. 3,104
Inc.
Igl
1880
do
Qulncy,..1881
do
Do
Pad.
1880
1881
ISSO
&
do
Ellzabetht'n
Do
.
. .
136.578
40,1US
1.816,133
1,837,860
91.574
96,896
51,434
38,137
.1831
1880
do
NAUE.
Oregon R'y
Do
& Nav.
Co. .1882
1881
$392,500
131,581
105,73i
having been fully set out in our
month, and the present figures not meriting
any particular additional remark, we give the statement
below without further comment.
OBOSS AND NET EAENING8 TO LATEST DATES.
January
1 to
Date.
NAMI.
Operattiifl
Earnings Exveru
Burl. Cedar Rap.
Do
& Na..I831
do
ISSO
Cler. Mt. Vern. A Del .1881
Do
do
1880
Dea Moines & Ft. D'ge.lSSl
Do
do
1880
.
& NashT
1881
Do
do
1880
Mem. Pad & Northern 1881
Do
do
18S0
I/onlarlllo
& St. Lonta 1FI81
Do
do
1880
Northern Central
1881
Do
do
1880
Penn. (all llnea eaat of
Naab. Cbat.
Pitta,
ft
Do
Eriel
do
Phtla.&Brte
Do
•
do
•
1881
1880
1881
1880
t
«
232,8 '.2
183.419
164.002
88.010
85,546
35,286
86,693
1,145.000
949,185
24,769
23.010
173,127
175,996
47B.622
4»(,3I0
37.648
34,426
34.998
27,549
672,271
683,035
20,497
94,665
119,004
341.633
270,404
3.731.751
3,S47,828
2,52?.559
2,421.575
288.7721
281.9191
Oross
Net
Earninos JSaminoa
l!)9,209
14.3!l9
*
%
68.720
54,210
2.259,037
2,053,484
468
424.812
429,597
401.532
384,725
1,180
288
9,146
472.789 11,835.582
360.150
9.491.347
4.872
246,865
8,615
218,813
78.462
2,075,256
60.99 « 2,049.483
l'i4,989
6.448.697
22a,9oa:
S,050,S3t)
Net
Eamin ga
t
632,188
709.758
46,504
79,268
•172,543
143,9;i
4,242,978
3,894,701
61,677
48,544
1.856.258
1,795,119
1.203.192 44,124,178 17,414,372
1,128.253 41,280,068 16,635,025
81,832' 8,454.309 1,084,249
i(W.5io:
113 409, 3,72;.733i 1,369,370
200.940
Cost of 33 miles of steel not taken Into account.
Date.
1 to
Net
Eamings\ Earnings
Qross
$190,500
*9S
j
$392,500
134,581
$190,500
;98
ballast, Ac,
[conducted BT THOMAS BLLISON.J
Eighteen hundred and eighty-9ne witnessed a continuancfe of
the satisfactory condition of trade experienced in its immediate predecessor and in the latter half of 1879. 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 6Md.; 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 5Md. 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 September. This price, like the 5?4d. touched in May, was artificial, and in October, after a temporary dip to 6J6d., owing to
pressure to sell, the price settled down to 6%d. Since then
there haii been little change, and the new year opens with middling 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
..
receipts during the year
December.
January
124,381
94,249
CO.'S ANNUAL BE VIEW OF THE
<&
COTTON TRADE FOR THE YEAR 1881.
Ar.
Prices.
Ad-
1879. 1880.
Cotton—
Low
Qross
367,1381
ELLISON
Printers' 414 lbs
Printers' 5^2 lbs
Shirtings, 7 lbs
Shirtings, SHlbs
Shlnings, 8^4 lbs
*
Advance
ig
and
d.
6iiie
5
9
per lb. IOI9
per lb. 10%
per lb. lOSje
per lb. 9^
average per lb. 913,6
d.
103i
1
10
11%
10
2
i
10»e
9»ie
IIV;
1
1 1^10
119,0
1058
10^8
De-
C3l6
6']6
438
6^1,
9%
•Av-
erage.
vance 1881. cline.
d.
d.
Middling Upland
Middling U pl.ind
Our statement of net earnings is this time for DecemFair DboUera
ber and the twelve months ended December 31. The Yarn—
30e, Water Twist, be.st 2ds
number of roads reporting expenses is, as usual, small,
408, Mule Twist, beat 2d8
32e Cop Twist, average
and the leading influences operating upon gross and net Cloth—
article of last
491,392
12.8641
Columbia River frozen up.
t
....
Dec.
$202,000
134.483
amouats spent for renewals,
$59,185
77,627
19.270,905, 9.567,804
18.902,476 10.220,983
10,141
39.210
11,680
Operating
Net
Earnings Expenses. Earnings
do
+ Includinji
(
1382,788'
375,7801
7,184;
t81,433
+57,888
30,744
25,273
I to Date.
Net
Earnings Earnings
GrosH
*8,519
913.153
979,684
Qross
6,725
4,430
Dec... 7,272
Inc. .. 6,062
[nc
$28,059
83.074
912,980
858,206
January.
Louis Iron Mountain
Southern shows a falling ofi (the St. Louis & San Francisco, though, Mr. Gould's latest acquisition, makes an
increase); all the other roads in that systeni show a gain,
&
&
Iowa Central
doing the
half a cent a ton a mile, or less than the cost of
work.
Southwestern roads do
Operating
Net
Earnings Expenses. Earnings.
Oroas
Louis
St.
Do
Chic. Barl.
XXXIV.
'e
\
138
^13
1158'
"l:
lie
I'l6
11%'
101316
10^16
101-2
Jie-
[Want of space compels us to omit remarks with regard to
the "Course of Prices."]
Imports, Deliveries, &c., for Great Britain,
Import. The import into Great Britain in ISSl compared
—
with 1880 showed an increase of 107,800 American, 106,150 Brazilian and 31,420 Egyptian, and a decrease of 31,960 East Indian and 16,170 sundries, or a net total increase of 197,240,
Export. The export 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
and
61,400 bales, including 59,450 American, against only 1,030
530 bales respectively in 1880.
Stocks in the Ports,—The total stock in the porta at the end
—
:
.
THE CHKONICLF.
FXIIHUABY U, 18^2
WW 836,920 balaa,
iDcladiag 4S4,080 bales ia Livarpool,
bales, reiipeottveljr, or
an inurenstt of 6,040 balej for Livorpool and 15,080 for the
of 18S1
against
.
610,840
8uJ 477.900
b»le.i
Unitt-d Kiogdotu.
Ukld dt Shxnekh.—Tba staoks hold at the milU we
oomparud with 1880, 1870 aod 1878:
Btocka
On page
1B3
AvBRAoi Vauii Per Ld. or Impobim, Ac.
6 we give a tabular statement of the valoe of raw
cotton imported, exported, oonsomed, &c., for the paiit ten
years.
The average per lb. for each year we estimate as fol'
lows :<-
eatimate as (allows,
1381.
issi....
«8(>.
. .
lSf».
..
1
1
Home
30.000
SO.OOO
3.(lll<l
73,O.X»
10.000
•J.tKM)
CaN.suMrrios.
2.000
2,000
3,000
2.000
39^)00
S0,000
36,000
18.000
2,0<H>
171.1.000
1878...
SgypliaH. W.India. B. InaUi.
BratU.
Amtrleatt.
—The deliveries
8,284,370 bales, or 161.110 bales
to
Total.
.%,(>00
.'j.OOO
210.00<t
6,000
7,000
125.<X)0
170.000
110.000
home coosamers were
more than
The actaal
in 18S0.
consumption was 3,344,370 bales, or 166,110 more than in 1880,
there beinjf ia addition of 40,000 bales in ths stocks at the
mills.
AVBRAOB WBiorird —The average
weitfht of
last season's
per bale. This season it is f ally
10 lbs. per bale Icsi. The average for th* year is 453 lbs.,
against 454 lbs. last rear. The average weight of Bombay cotton is aboat 392 lbs., or the same as in 18S0; bat there is a considerable increase in other sorts of East Indian; Rangoon and
Western Madras being about 370 lbs., Tinnivelly 330 lbs. and
Bengal 400 lbs , against an all-roand estimate of 310 lbs. in
1880. For all India the average is 334 lbs. for imports, against
363 lbs. in 18S0; 379 lbs. for exports, against 352 lbs. ; and 387 lbs.
for consumption, against 380 lbs. In Egyptian there is an
increase from 629 lbs. to 651 lbs. The import figures for all
growths compare as follows:
American erop was 456
Tear$
Pouiidf.
Brazil.
1881.
1880.
453
454
180
190
lbs.
Egyptian. W.Ind.,d:c. E. Indian.
170
152
384
3B3
&c—The
following
031
629
Weight of Imports, Deutebiis,
Total.
434
436
is
an
account of the weight of each description of cotton imported,
exported and consumed in 1881, and the quantities left in the
ports at the end of the year:
Import,
Export.
Consumption.
Lb:
Lbi.
Lbs.
1.076.122.620 215.228,310 1.439,393.160 234.146.400
for
the year
is
shown
Xumber of Average
Weiaht
Stock Ic the ports Jgurijk
Stock bel<l by Hptakd^ tfa^Import during the yWil^.
1
Supply
Export during the Tear
Stocks in iheimrtsDra. 31
Stocks held by sptoners Deo. 31
Total Weight
of Bait*.
Balfs.
per Bale.
610,840
170,000
3,837,030
450-3
474-3
434-2
80.639,000
1,676,122,620
4.517.870
439-7
1.936,803,370
537,580
525,920
210,000
400-3
466-8
215,228,810
234,146,400
98,035,000
1,273.500
429-5
547,410,210
3.244.370
443-6
1,439,393,160
Lbs.
4431
Sales.
Lbs.
Tears.
Bales.
3,244,370
3.078.260
2,707,360
2,682.310
3.020.540
1,439.393.160
1,372.636.630
1.173,325,990
1,176,451,070
1,237,373,500
1876..
1875..
1874..
3,084,960
3,115.120
3.228.130
3.203,710
3,265,620
1879..
1878..
1877..
1873
.
1872..
of 400
Bales
lbs.
1881...
1880...
1879...
3..'>9S,480
1978.
2,941.120
3,094.430
.
The
is
2,'.t,33.310
Attrage
per weeJc.
69,200
65,990
56,410
56,560
59,510
1,260.129.250
1,246,149,910
1,175.345,250
3,185,940
3,075,970
3.165,323
3,115.374
2.938.363
61,260
59,160
60,870
59.910
56.510
show an increase of 3,210 bales per week,
The present rate of consumption is probably
figures for 1881
or 4-8 per cent.
about 70,000 bales per
week—possibly
67,000 to 68,000 bales twelve
months ago.
lb.
^*
7
years
:
Import.
Slock
Deliveries.
1880.
1881.
1880.
3Ul
1881.
Dee.
1880.
4,251,990 3,982,800 4,263,710 3,922,830 457,280 471,000
BrazUiaa
300,tl30
163,590 291,870 166,900 19,490 10,530
Egyptian
446,060 370,840 442,960 393,380 61,439 58,330
SmyrBfi, &c..
41,430
26,720
41.950
27,360
1,470
970
Peru,W.I.,&o
70,560
88.550
72,900 102,350 15,886 12,220
£a»t ludlan. 1,165,310 1,151,320 1,099,080 1,146.0.50 184,110 117,880
—
Total
6,282,200 5.783.820 6,214,470
.5.758. S70
739,160'a71.430
Movemests Dcbiso the Season, Oct. 1 to Dec. 31.
The deliveries to English and Continental spinners during the
first three months of the season compare as follows, with the
figures for the corresponding period of .last season
Oreal Britain.
1881.
Number
of bales
Ave'ee weight, lbs.
Total welgbt (lbs.)..
Bales of 400 lbs
The present
Continent
;
:
Oontinenl.
1830.
1881.
1830.
936,800
854,410
680.380
632,830
443
453
440
441
415,002.400 387.047,730 299,367.200 279.100.080
1.037.000
967,000
748.0001
697.000
rate of consumption
week for Great
we
Britain,
estimate at 70,000 bales
and at 58,000 for the
against 67,000 to 68,000 for Great Britain and 54,000
months ago.
the basis of the foregoing estimates, the movements for
the thirteen weeks of this season and the last compare as follows, in bales of the uniform weight o/400 lbs. :
to 55,000 for the Continent twelve
Oreat Britain.
Contutenl.
1880.
1881.
1880.
1881.
Surjilus stock, Oct. 1
Deliveries to Dec. 31
25.000
1.037.000
27,000
967,000
240,000
748,000
112.000
697.00O
Supply
CoosamptloQ. 13 weeks.
1,062,000
910,000
994.000
877,000
988.000
754.000
800.000
703,000
152,000
117.eO0
234.000
101.000
1,2.30.388.800
Total in Bales Arerage
per w'K,
of 400 lbs.
1876...
1875...
1874...
1873...
1872...
lb.
7«e
«
a comparative statement of the total imwhole of Europe in each of the past two
Lbs.
each, as follows
IV><a{ in
1877...
following
1,274.376,750
In order to give a correct comparison of the amount of cotton
consumed, we have reduced the bales to the uniform weight of
lbs.
lb.
7li«
S's
On
I
400
The
.
The following is a comparative statement of the consumption
of cotton in Great Britaia for the past ten years:
Teort.
lb.
I
ft^
I
Lbs.
•230,041,750
CoMCMPTioN OF Great BBrrAo fob Ten Years.
1881.
1880.
lb.
OH
5;1„
ports, &c., for the
of 400 lbs. per
Total
lb
lb.
01*
TH 7-V
6>M 6ifl
6-^n.
If
Imports, Deuvbribo, &c., For tiik Coxtiiibiit.
I.>n»0RT8.— The'import into Continental ports direct from the
countries of growth (exclusive of 61.400 bales re-exported to
Great Britain), compared with the arrivals in 1880, shows an increase of 161.390 American, 43,800 Egyptian, 14,730 Smyrna,
Ste., 29,090 Brazilian, 4,180 West India, dec, and 45,950 East Indian, making a total increase of 299,140 bales.
There was an
increase of 5,390 bales in the import from Great Britain, which
raised the increase in import to 304,580 bales.
Stocks.— The stocks in the ports at the close of the year,
compared with those of twelve months previously, showed au
increase of 4.250 American, 230 Brazilian and 50,830 East Indian, and a decrease of 1,830 Egyptian, 50U Smyrna and 380
West Indian, or a net increase of 52,650 bales.
Deliveries.-The deliveries to consumers amounted to 2,930,100 bale.s against 2,635,610 bales in 1880, showing an increase
of 294,490 bales. The average weekly deliveries were 56,348
bales in 1881, against 50,684 in 1880, an increase of 5,664 bales
per week.
The weight of cotton delivered was 1,255,971,960
lbs. in 1881, against 1,119,560,110 lbs. in 1880, the average weight
of the bales delivered being 428-6 lbs. in 1881 and 424 7 in 1880.
Imports, Deliveries axd Stocks fob Europe, 1881 Airp 1880.
6»R
1881.
1,242,008,220 94,543,830 1,136,843.850 157,824,000
41,176,800
3,349,800
3«,54S.100
3.038,400
178,759,520
7,772,910
167,150.210 39,190.200
Per'Tlan.W.I..Ao
9,751,200
2,849,200
6,040.760
2.009.400
East Indian
206,42ti,S80 106,711.240
92,793,240 32,066,400
—
/ft.
«'
Amerlean
Lbs.
American
Rbcapftulatios. The entire movement
in the following statement:
lb.
OH
n 0'4
t'lius'iiip'
Stocl.;
Egyptlau
..
Imi>ort....
Kipiirt
Dec. 31.
Brazil
Total.
IHW. 187». 1H78. 1877. t870.!l87». 1874. 1873 1871
lb.
71,000 bales—against
BurpluB stock. Dec. 31
'
Prospbctb of Supplt asd Dbxasd.
The sixe of the American crop has always been a theme of
more or less animated controversy during the winter montlis ;
but the discussion has rarely, if ever, attained the vigor witnessed 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 extraordinary development of the business in " futures" at New York
and New Orleans, and to the wild and widespread spirit of
gambling speculation of which this development is a result. A
—
1
..
THE (^HRONICLK
lt)4
is moved hither or thither, slowly or
rapidly, according to the requirements of the various " rings"
and "syndicates" which, with more or less success, control the
market, and whose mysterious operations completely mislead
the nervous spinners of Europe and America as to the quantity
Urge part of the crop
of the raw material likely to be available for consumption
During the four comparatively quiet seasons before last we
were able to make fairly approximate estimates of the crop
Estimale
Actual Crop.
in January.
4,485,000
4,811,000
5.073.000
5,757,000
4,350.000
4,700,000
5,061,000
5,560,000
1876-77
1877-78
1878-79
1879->0
L^oi,.
and yet we have to-day estiOne authority, -who at one
mates as low as 5,000,000 bales.
time looked forward to a possible yield of 7,250,000 to 7,750,000
bales, now says that " under the most favorable circumstances
we believe the crop cannot exceed 5,400,000, and it may possibly be only 5,250,000 bales." Let us see what this means—
Indicate a total of 6,005,000 bales,
ci
1-i
Difference.
figure in 1878-79 was arrived at by adding 250,000 to
the previous crop. In 1879-SO we looked for 500,000 more than
but as the acreage was under-estimated (subsein 1878-79
quently proved by the Census returns) the yield gave 197,000
more than our figure. Last year we did not attempt to
estimate the yield, owing to the exceptionally conflicting views
Totalcrop
In sight
we merely took the round
figure of 6,000,000 as
for calculation, remarking that it would "do no harm
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.
would have been about 6,300,000 bales ; but as it was admitted
some damage had been done to the crop, the general estimates
in January ranged from 5,700,000 to 6,200,000.
It was subsequently discovered, however, that the increase in acreage
waa 12 per cent. this, on 5,757,000, would have warranted an
estimate of 6^ millions.
We are aware that estimates as high
as 6,500,000, with the possibility of 7,000,000, were put forth
in some quarters early in the season, but there was no justification for these extravagant figures.
Their authors might
subsequently have claimed some credit for superior foresight
if they had, at the time, impugned the accuracy of
the
accepted returns of acreage, but they did not; and they
a
00
1-t
rH
ba-sis
to
—
3)
I7
rh
t^
t»
to
t>
00
M
r-i
5,757 5.0:3 4,sn 4,485
4,018 4,103 3,833 3,131 2,800 3,091
December 31
To receive
in eisht months
rx;88 overland to mills for 8 mouths
South'ru cousumptiou for 8 mouths
1
,232 2,481 1,9-^4 1,942 2,011 1.481
200 194 252 31'i 1961 180
145
137
119 101
99
99
343
from plantations, and
from all (except 18) interior towns
—Dec. 31 to Aug. 31
331
371
413
295
279
Deliveries
;
;
b
03
t00
5,2.'io|G,5.-jH
The odd
then current
^
s
^
:
135,000
111,000
13,000
197,000
XXXIV.
sgy
16-8
Acres planted (millions)
2,1.50 1.533 1.529 l,716!l,20S
161 14-41 13-2 12-2! 11-8
is to say, in addition to what we can already count up, we
are to get only 887,000 bales as a balance from an area of 16,800,000 acres, against 2,150,000 bales last year fro d an area of
That
and 1,205,000 bales from an area of 11,600,000
which season the crop was marketed with unprec-
16,100,000 acres,
in 1876-7, in
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 thb overland deliveries to mills,
and the stocks in the 18 interior towns.
But in the subjoined
statement of the acreage planted and the crops raised, we
carry the comparison back to the season 1874-5, during which
there was a drought quite as severe as that of this season
!
:
:
showed an utter want of confidence in the value of the information 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
at sea as we did twelve months ago, owing to the circumstance that correspondents, in whose integrity we have every
confidence, diflfer very widely in their opinions as to the quantity of cotton still on the plantations, or in the interior
towns
and depots not enumerated in the weekly returns. As a matter of fact, we attach no importance to multitudinous inquiries
much
made
in the cotton States
quiries
during the picking season.
made
at the time of planting
rate estimates of acreage; but those
Such
in-
may
furnish fairly accu-
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,
80 that we need not here enter into particulars.
Let us now
look into the probabilities of the present crop from
the standpoints 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 receipts.
1881, 1880. 1879.'1878. 1877. 1876.
Spptember.
October
426 458
837 968
951 1,007
983 1,021
No%'eniber.
December.
Total to December 31....
•Overland to inlll.s
Iiureaso in interior stocks In
18
towHH since August 31
Southern consumption for 4 months
Total in sight December 31
Per cent of oroo...
Totalcrop
The prew^nt crop in same
331
S88
942
956
28H
689
779
894
98
579
822
90O
237
675
901
788
3,197 3,454 3,120 2,651 2,399 2,601
373 316 324 162 121
120
373
75
270
68
329
60
4,018 4,108 3,833 3,131
62-34 66-58 61-71
0„'i89 5,757 5,073
proportion'.".
6,445 0,035 6,494
^"*
^'""*
Crop, bales.
11,641,000
11,743,000
6,589,000
5,757,000
5,073,000
4,011,000
4,485,000
4.669,000
ll,010.00i>
3,8.i3,000
12,231,0110
.
Per acre.
0-408
0-399
0-384
0-393
0-383
0-397
0-347
These figures are based upon the Census returns obtained in
1879-80, and are taken from the New York Financiai, CheoniCLE. The area sown this season is estimated at 16,851,000 acres.
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 bals to the acre, it would reach
only 5,847,000 bales. The next smalles- 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 between the lowest and highest rates (0-347 and 0-408) would
give 6,361,000 bales. An average between the two lowest (0347
and 0-384) would give 6,158,000 bales.
On examining the figures relating toXJ.
'rt movements of
I
the past .seven crops it will be found thfl^^lj^ 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 the
eight maximum weeks, whether consecutive or otherwise) we
shall get a pretty close approximation to the total crop:
Date of
eighili
largest
week.
1874-75.
1875-76..
1876-77..
1877-78..
1878-79..
1879-80..
1880-81..
1881-82.
Dec. 25
Dec, 3
Dee. 15
Dec.
Dec.
Dec.
Deo.
Dec.
28
27
19
24
23
Total
receipts at
that (late.
Indicated
1,980,000
2,343.000
2,228,000
2,345,000
2,567,000
2,824,000
3,242.000
2,923,000
3,960,000
4,686.000
4,436,000
4,090,000
3,134,000
3,648,000
6.484,000
3,846,000
crop.
Actual
Actual crop compared with
indicated crop.
3.833,000
4,669,000
4,483,000
4.811,000
5.073,000
5.757,000
6,589,000
127,000 less.
1 7,000 less.
29,000 more.
121.0
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
49
232
48
2 800
58-20
4,811
6,903
3,001
66-81
4,485
6,005
tented ourselves with stating that the current estimates ranged
from 5,700,600 to 6,200,000 bales, with a general leaning to-
231
1876 crop was marketed quicker than any crop
in the history of the trade.
It is important to not« that in
that season
the receipts at the ports began
to display unmistakable signs
of exhaustion as early as
December ; the arrivals in that month
flowing a fconsiderable decrease compared with
the figures for
•
Acres.
16,123,000
14.428.000
13,202,000
for the 1880-81 crop; but the idea that the yield might reach
6,500,000 bales was so universally, and so emphatically, poohpoohed that we refrained from publishing the table.
con-
The
faT!t
1876 the movements
1880-81
1879-80
1878 79
1877-78
1876-77
187.V76
1874-73
°° '^« »"«'« 0* the rapid movement in
of the present crop to the end of
December
We
wards 6,000,000, and we adopted this figure as a basis upon
which to forecast the probabilities of supply, remarking, as
already stated, that our readers could "easily adjust the figures
to
meet
in
their
own
views."
may
be that we shall witness something very exceptioaal
the crop movements for the remainder of the present season.
It
Who knows 1 No
one. Twelve months ago we were informed
by honest and sincere American correspondents, who had mad*
:
Pkbkuarv
:
"
..
.
THE CHRONICLR
11, \tfif2.\
inqairiM ia every Bute, and almoat every ooanty, in the ooUon
cue, that the crop might not t-xceed 5,700,000 bales, and could
not be over 6,(X)0,000, and as late aH the lirHt of March the most
oorrwnt estimates did not exceed 6.000,000 to 6.350,000, and yet
the yield was B.dUO.OOO bales. Who is to say that a similar deMeanwhile, if the
velopment shall not be seen this season ?
•'
the indiyield should, as in 1874-5, be 127,000 bales less than
cated crop,'" the total will be 6,719,000 bales if 121,000 bales
more, as in 1878-9, then it will be 6,967,000 bales while, if the
orop 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
100 U
ns call the nfqalrementa of Bnrope 138,000 bales per
Britain and 68,000 for the Continent),
4.99!^000 for 89 weeks. We ahaU then stand as follows :—
let
(70,000 for Great
400
or
(te.
ImiMirtu from Indln, Exypt. *o.. Dec. 80 to lept. 80
Slovkci In KnullRb uiul Ooiitlnental porta, Dec 30
Biirpliuatooknut the mlllii, ditto
1,807,000
803,000
Total Kiipply
Xa>m «iitlninted Ktock In thn porta, 8«pt.
Leaa aurpina Htooka ut tint mllla, ditto
2,006,000
886,000
;
;
crop" might have exceeded 6,000,000 bales.
On the whole, therefore, whether regard be had to the production of cotton per acre or to the movements of the crop to
the end of December, it seem^ to us that the yield is not likely
to be lass than 5,700,000 bales, while it may be more than
6,000,000 bales. We may be wrong, bat we had rather be
wr.ing on the basis of ascertained facts and reasonable analogies, such as we have given above, than right on the mere
realization of a lucky conjecture. Meanwhile, as no one knows
how mach American cotton we are likely to get, we shall endeavor to show how much is likely to be wanted.
There is less uncertainty as to the probable supplies of other
descriptions than there is in respect of American. The Bombay 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
an increase of from 200,000 to 300,000 bales. The quantity
Assuming
afloat is 59,000 bales more than at the end of 1880.
the shipments to be only 200,000 more than la.st 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
1,340,000 bales, against 981,000. The Egyptian crop promises
to be about 30,000 bales larger than that of last season, but as
we 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
same
from the West Indies, &c, about 50,000, against the
year; and from Smyrna, &c., about 30,000, against
Reduced to weight these estimates come out as follows
800,000
105,000 -065,000
.itvnllabla for conoumptlon
Quantity of cotton wanted (12P,000 per week)
2,08i,000
4,002,000
Woutud
2.061,000
froiu tbe United
RtatM
In nine
montlu
Boles of 450 lb*
3,681,000
To Rnpply these
2,631,000 bales, the American crop need not
exceed 5,500,000 bales. On this basis tiie movements for the
season would compare as follows with those of last season
:
1881-82.
Crop
Stock, lat September.
Supply
~ UK, 3lRt August
Stodk,
Deliverlea
American and Canadian conaumpUon.
Available for export
Leaa aent to Mexico,
SUiptieil to
Slat December.
To be abippcd 31gt December to 3lBt August.
Afloat, Sigt
"igt
6,589.000
111,000
6,718.000
200.000
6,730.000
218,000
5,518'obo
1,050,000
6,512!00O
3,5i;8,000
30,000
3,538 000
1,524,000
2,007,000
2,014.000
2, .560.000
Import 31st Doc. to 30th Sept.
4,.S67.000
542,000
696.000
2.556,000
3,256,000
Import of cotton aUlniwd after Slat August
iu time to arrive by 30tb Suptombor
Ti.tal
1.914,000-
4,508.000
31.000
December.
Total.
1880-91.
5,300.000
218,000
&o
A vallal lie for Europe
75,000
71,000
2.631.000
3,327,000
The foregoing calculations leave the stocks in America on
the 31st August, and in Europe on the 30th September, as follows, compared with the previous three seasons, iu bales of 400
lbs.,
except the United States stocks, which average about 450
lbs:
;
Weight.
Bales.
East Indies
280,000
280.000
50,000
30,000
Brazil
Indies',
Bmyma
380
651
1.^40,000
E^ptlan
*c.
1,8S0.000
Total.
IfcO
ITO
3.50
Poututt.
471,200.000
182,280,000
60,4 00,000
H,500.000
10,500,000
1881.
1880.
1878.
200,000
800,000
165,000
218,000
1,058,000
265,000
141,000
677,000
139,000
66,000
480,000
121,000
1,165,000
1,541.000
957,000
6f,7,000
1882.
last
86,000.
Wont
30
Stock,
United States porta...
Stock, Euroi)ean porta
Siirplua ut European mills
. .
Total
The estimated
stock
is
376,000 bales smaller than in 1881, bat
208,000 larger than in 1880 and 498,000 larger than in 1879.
So that, thanks to the increased supplies from India (owing
it is
384-5
722,880,000
to the favorable crop developments since September) and other
and the surplus sources, and t« 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
the nine months
ot consumption, and without seriously reducing the stocks at
Adding
Bala.
Imiwit from ludla, Ezypt,
Bales of
Wgl.
Bt'k in C'ouiiii'uU p't«. l>ve. 31
1,8-10.000 384-5
.^25,«20 445-2
21;<,240 410-1
Surpluaat Kiik. uiilla Hoc. .'tl
Surpliu at Cont'l.mUXs X>e«.31
1 52,000 400-0
231,000 4000
Btock
I
to these figures the stocks in the ports
dtc.
;jl
EnglUli ports Dec.
iu
Total
Poundt.
\
400
lbs.
722. SSO.OOO 1.807,000
23l,H6,(KH>t 5rt5,0(>0
K7,'.;O2,0O0| 218,0110
00,800,000
ir>'2,000
«;i,«oo,ooo
231,000
3.005,160 398-8 1.198,628,00o|2.»96,000
The Stock in the ports of Europe at the close of last season
amounted to 978,000 bales, averaging 432-6 lbs. per bale, or
1,0,')8,000 bales of 400 lbs.
In the previous season it was only
677,009 bales; in 1879, only 480,00« bales; in 1878, 636,000
The bales in these three years, however, averaged only
bales.
about 400 lbs. each. Now, if we were to reduce the stock at
the close of the season to 800,000 bales, there would still be
128,000 bales more than in 1880, 330,000 more than in 1879 and
144,000 more than in 1878. The surplus stocks at the mills at
the close of last season were 285.0W bales of 400 lbs., against
We
189,000 in 188J and 121,000 in 1879.
may, therefore, end
the present season with only 165,000 bales.
In our autumn annual we estimated the consumption for all
Bnrope for the present season at 128,420 biles of 400 lbs. per
week, or 5 per cent, more than the previous one ; but we are
the close of the season.
This to some may appear surprising, but it will only be so to
those who, in the contemplation of the animated conflict
between the rival speculative factions in America, and of the
" see-saw" operations between New York and Liverpool, have
the more solid and abiding
that although the late
gigantic American crops have gone out of sight, they have net
yet been consumed a large part still being in the hands of
distributors, either in the form of raw material or in that of
for several
months past
facts of the market.
lost sight of
The truth
is,
—
manufactures. A glance at the figures for the past five years
We give the American crops
will show that thi.s must be so.
for each season, and the imports from ladia, Egypt, Ik., for
each year:
Tears.
American
Crop.
1878-77. 4,485.000
1877-78. 4,811,000
1878-79
.*.073.OOO
1879-80. 5,757.t)O0
1880-81
0,589,000
fro^^ypt.
India,
ite.
1,963,000
1,445.000
1,586,000
1,793,000
1,931,000
Total
Supply..
Total
Deliteriet.
6,453,000
6,256,000
6.56.>,00O
6,U5!>,000
7,55O,0O>)
8.520,000
6.6O7.000
6,877,000
7.581,000
8.129.000
FMM*
2.479.000
S.435.000
2.599,000
2,766,000
3,063,000
not sure that this increase will be witnessed ; we are certain
that it will not at the present range of prices. Early last season we had (in conformity with our Continental advices) to
raise onr estimate of the current rate of consumption
but so
;
far this season there is an entire absence of the constantly-in-
We have here an increase in the total supply of abont 1,000,000 bales in 1880 over the average of the previous three years,
and another 1,000,000 bales in 1881 over 1880. The rate of oonsumpWon in 1877 and 1878 was rather smaller than in the few preceding years ; but the deficit was more than recovered in 187fl,
and yet there was a farther increase of over 700,000 bales ia
•reasbg activity which characterized
1880,
last aeason.
However,
and another increase ofaboat 660,000 bales
in 18SI.
Of
thi*
.
..
THE CHRONICLE.
166
at the mills aneonsamed. The surplus stocks
European spinners are about 170,000 larger than at
cotton part
held by
:
is still
Ume last year; and they are fully 300,000 bales larger than
three years ago. American spinners hold about 65,000 bales
more than they did twelve months since, and fully 200,000
mill stocks
bales more than three years ago; making the total
235,000 more than at the end of 18S0 and 500,000 larger than
at the end of 1878. Meanwhile, the visible supply shows an
excess, in round numbers, of 300.000 bales over this time last
this
and 600,000 over that at the end of 1878. So that in raw
cotton alone there were at the end of 1881 535,000 bales more
on hand than at the close of 1880, and 1,100,000 bales more
than at the end of 1878. Besides which, as already noticed,
year,
there are also larger, in some cases much larger, stocks of
goods in the whole of the consuming markets.
It should be borne in mind that whereas two or three years
ago the markets of the world were bare of cotton goods, they
are now well stocked. Here is an account of the shipments of
cotton goods to the various districts of the world in 1879, 1880
and 1881, in millions of yards:
1879.
Europe (except
...
Turkey)
Turkey, Egypt &
.
1880.
rrf«.
372-7
Dec.
Inc.
Tds.\
Yds.
Yds.
365-1
1831.
Inc.
Dec.
years.
Tda.
Yds.
Yds.
Yds.
416-7
7-6!
51-6
....
44-0
....
20-4
::::
103-7
234-3
465-4
108-4
102-8
....
1058-6
486-5 RPR-B 102-1
Africa
596-8! 729-5 132-7
British E. Indies. 1327-61813-4 485-S
5-4
China, Japan, &o. 626-61 632-0
All otker countr's 307-9 367-7 59-8
....
1-6
590-2
831-1 101-6
1793-0
735-0 103-0
410-7 43-0
3718-l!4496-3 778-21
....
4776-7|280-4f
Total
Inc. 2S
be observed that for the last two years the shipment s
to all parts show a considerable increase in the aggregate
1,058,600,000 yards. It will be noticed, too, that where the
Increase in 1880 over 1879 was small, it was large in 1881 over
1880; and that where the increase in 1879 over 1880 was large,
it was small in 1881 over 1880.
In other words, the markets
not fiUed up in 1880 were filled up in 1881. As respects India,
in fact, the shipments in 1880 were sa enormous that a
decrease of 20,400,000 yards toek place in 1881, but still leaving
unusually heavy stocks at Calcutta, Bombay, &c.
It will
—
Liverpool; whereas, if he follows the advice of those who
preach the false doctrine of scarcity, he will force the price in
Liverpool up to the level of the price in America, and thereby
enable our American cousins to get out of their present very
uncomfortable situation at the expense of the confiding European consumer. The "bugbear" of a possible "corner" in the
autumn is already being dandled in the face of spinners,
with the view of frightening them into buying, but the conditions which brought about the "squeeze" of last year are not
likely to arise in 1882, and the spinner need not fret himself on
Ellison & Co., Cotton Brokers.
this score.
7
Rumford
Street, Liverpool, Jan. 25, 1882.
IMPORTS AND EXPORTS FOR DECEMBER,
AND FOR THE SIX AND TWELVE
MONTHS ENDED
crop, there will be plenty of
cotton to 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 on to their contracts, a considerable
Month ended DecemberSl, 1881
Mouth ended December 31, 1830
SixmouthsendedDecember 31, 1831
Six months ended December 31, 1880
Twelve months ended December 31, 1881
Twelve months ended December 31, 1380
The
excess of imports of gold
at
5Md.
to 6d.,
to
keep up
the rate of consumption; but the present
outlook is exactly the
opposite of the prospect which presented
itself in May-June;
«Ae»i we started with a low price
af 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 American holders have for weeks past been
longing for has been a
rush to buy on the part of English
and Continental spinners.
Kverything has been done to establUh
a "short supply scare"
among European spinners, in order to enable
the American
speculators to unload 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*'*«" ^"''« «1"»l to 1»« ">OSt 80C1 "i^:'^*""'"^
!lr
c«»f a efforts in times past. The
^
policy of the spinner in
for
yams and
$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
exports for the month of Oec, 1881, and for the six and
twelve months ended Dec. 31, 1881 and 1889, respectively, are
presented in the following tables
[Corrected to January 26, 1882.1
MERCHANDISE.
month of
inos. ende^l
For the 12
mos. ended
Dec.
Dec. 31.
Dec. 31.
For
1881.— Exports—Domestic
the
For
the
6
99.773,802 $814,152,296
$74,374,834
3,382,69l
19,361,833
Foreign ...
2,153,631
Total
$77,028,465 $408,1.')6,493 $333,514,129
Imports
57,245,630 3 f2,760.'233 670,117,903
Excess of exports over imports $19,782,835
$163,396,226
Excess of Imports over exports
..
|
.
$97,063,312 $169,547,453 $875,564,075
14,119,347
7,472,257
1,326,902
$98,890,214 $177,019,710 $889,633,422
313,30B,95S
696,807,176
47,375,685
$51,514,529 161,712,752 $192,376,246
Excess of Imports over exports
OOLD AND SILVER—COIN AND BULLION.
we warned
English spinners against the certainty of an advance in
prices
before the close of the autumn, on the ground that the stock
here would continually decrease, and that
a rise in values was
absolutely necessary to attract the supplies
needful
demand
and bullion
silver coin
Month ended December 31, 1881
Month ended December 31, 1880
Six mouths ended DecemberSl, 1881
Six months ended December 31, 1880
Twelve months ended December 31, 1881
Twelve mouths ended December 31, 1880
.
when middling uplands was
and
$19,752,835
51.514.539
65,396,260
161,712,752
163.396,226
192,876,246
was as follows:
.
last,
31, 1881.
Statistics.]
Below is given the sixth monthly statement for the fiscal
year 1881-83 of the imports and exports of the United States.
The excess of exports of merchandise was as follows;
amount of cotton is at present in the wrong place, so to speak;
1880.—Exports— Domestic
but European spinners need not trouble themselves on this
Foreign
Tetal
account; they may depend upon it that a sufficient quantity
Imports
will ooze out to add continually to the stocks in Liverpool and
Excess of exports over Imports
the leading Continental ports, and to afford to consumers an
ever increasing and improving selection. In May and June
DEC.
fPrepared by the Bureau of
CoNCLCSlOIf.
Even with a small American
XXXIV.
[Vol.
May-
188 1.— Exports-Dom.— Gold
do
Silver..
Foreign— Gold
do Silver.
$713,313
$102,599
5,384,053
890,110
106,009
5,435
2,025.873
365,191
Total
$3,^231,255
$1,363,335
Imports— Gold
$2,723,173 $30,921,554
3,326.49.5
Silver
751,494
Total
$3,479,667 $34,74s,04y
Excess of imports over exports $2,116,282 $26,516,794
Excess of exports over imi>ort8
$1,837,850
13,265,321
765,637
3,797,933
$19,666,817
$60,398,620
8,593,645
$68,994,265
$49,327,448
1880.— Exports— Dom.— Gold..
$1,128,530
7,287,372
1,933,929
5.696,070
$16,045,901
$73,631,198
11,644,525
$35,275,723
.
do
Silver..
Foreign- Gold
do Silver.
Total
Imports— Gold
Silver
$148,854
$703,766
1,319,666
9,720
4,319,369
79,147
2,669,003
$7,971,235
$70,534,193
544,309
$2,022,549
$16,506,026
1,280,677
Total
il7,786,703
Excess of exports over Importa
Excess of imports over exportsi 15,764,154
!
.=',77.5,038
$76,329,'J81
$
68.357,996
$
69,'229,82'2
TOTAL MERCHANDISE. COIN AND BULLION.
1881.—EKport8—Domestic
$75,867,543 $405,873,170 $829,253,473
23,925,473
10.514.578
2,524,307
$73,391,830 $416,337,718 $333,180,946
Imports
60,725.297 377,508,282 739,112,163
Excess of exports over imports $17,666,353 $33,879,466 $114,063,773
Excess of imparts over exports
....
Foreign
Total
1880.— Exports—Bomestio
.. ..
$98,.'i31,832
$474,770,538 $883,979,077
21,749,346
10,220,407
2,330,931
Total
100,9 li!,763 $434,9^0,995 $905,729,3-23
Imports
63,162,38? 391,636,239 782,032,899
Excess of exports over imports $35,750,375 $93,334,736 $123,646,424
Excess of imports over exports
Foreign
goods, and with prices at 5%A. to
6d .
^^ could; his policy now. with
»^or,7",rv.\"°"°°*''
increadng stock
before him.
andwith r«,
;^'''V'''"^
«Iow demand
for yarns and goods, is to
buy only
f^m h^ ^
1"°°°^
^' P«""*« '"»h'« course, he wiU
"
brin//
bnng down the price in
America to the level of the price in
The
following is a statement showing, by principal customs
the values of merchandise imported into and exported
from the United States during the month of December, 1881:
districts,
I
—
.
Fbbrdabt
THE CHRONICLE.
IKS.J
11.
Outlomi
:
Md.
Biiiiiiiiii
Domttlic
/mporto.
Ditlrielt.
Exporlt.
Bxitortt.
$1,3S3,1S1
$3,075,378
$1,336
1,866.^1)0
67,504
Boallah Blarkat H«porta-Par CabU.
1.'>.856
II
1,326,273
li.'
III
fj.
\.
C':ii'
Y
Y
N.
N. Y...
..:.•.
Clmiii|>l<'l'>,
Cliiu-l<wton, 8.
C
Clll.-ftKO. Ill
Cori"i» t'lirtstUTexM
Detroit. Mich
Onlvc.itiiii. 'IVxfU
Oeiii'scr. N. Y
Huniii, Midi
Ki'V Wc.tt. Florida
Mllw.mk.',', Wis
MliiiirHOtn.
,
,
Mobile, Aln
Mew OrlenaH, Ln
New York, N.Y
Mliurnra, N. Y
Nortolk, Ac. Va
Oregon, Oregon
Oswegatohle, M.
Otwego, N. Y
Tassamikquoddy,
Y
Ue
Fensaoola, Fla
Pblladelpbla, Pn
Portland, Sec, Mo
Paget Sound, W. T
Slolimoud, Va
San Diego, Cal
San Francuco, Cal
Thur§.
JH.
S2li«
52 «
091AJ4
90».»
99lii«
82-75
103 ><
82-35
103 >«
116%
116%
120
120
40%
WIlmlDgton, N. C
All otbor oustomg dlstriota.
Totals
$57,245,630' $71.871 .831 $2,153,631
UNITED STATES TREASURY STATEMENT.
The following statement, from the
of the Treasurer, for
based upon the actua'
returns from Assistant Treasurers, depositaries and superintendents of mints and as.sa7 offices
January, was issued this week.
office
It is
:
LIABILITIES,
FEBBBABT
1,
1882.
Post-offlce Di-partment
$3,110,6.')1
Dlsbumin*:
22,157,080 21
account
balimces
Fond
for rrdciiiptUm of notes of national banks "failed,"
"In lliniidntlon," and "rcducins circulation"
UndlntrOiutocl aMct.< of failed iuition.-jl banks
Five iHT cent fund for redemption of nat'l bank notes.
Fund for redemption of national bank gold notes
Currency and minor-coin redemption account
Fractional sUvcr-coln redemption account
Interest aooouut, Paciao Bailroads and L. & P. Canal Co
TOararer U.S., agent for paying interest ou D. C. bonds
Measurer's transfer checks and drafts outstanding....
Treasurer's general account
due and unpaid
Matui-ed bonds and Interest
Calle<l Imnds and Interest
Old debt
Gold certificates
Int4Tt'»t
Silver certificates
Certllicates of deposit
Balance, Including bullion fund.
29,623,151
631.546
11.915.203
172,1 11
6 319
05
60
62
06
00
33
8 1,268 50
o 1 1 00
,
155.723 01
0,391,661 21
$5,173.162 29
1.166,153 50
12,327,830 00
788.671 49
5,188,120 00
68,999,670 00
10''8
I38''s
130
62 «
62%
32%
32^8
133%
131
Tkurt.
Frl.
T"dr
d.
3
1
7
Cs
.
Savannab. aa
Vermont, Vt
Willamette, Oregon
olfli-ers
daily cIoHing qaoUUoM for ••caritlen, Ac, at Loodoa
and for breadttaffH and proiridoiu at Llv«rpool, aro reported
by cable as follows for the week endintr F«bruary 10 :
U
,
Minn
The
121».x:U)
I03.72.'i
62,964
ll'i.s:n
36.217
I!>.24X
366.713
72.833
lU.OJl
26,860
120, U)U
London.
Sat.
Hon.
Tuet.
Wed.
00.309
4,111,750
153,000
SUver, peroi
a.
32
S3
92
521,4
67.2Hil
13.162
7,811 Consols for money
OOiiigi e9i«i« 90lB|a
328,60"
lOri.SKi
Consols for
'looiia »00i«
lOOH
09l.4i6
2,121.013
301.397
1,692 Fr'cli renti-Haccount
(111 Paris) fr. 82li
8203 8300 82-70
30,360
6.2
U. 8. SHoxftiM Iiito3ias<l03^
103 >s 103 >«
103 "s
021.133
616,133
52,170 U. 8. l>s«c)f IHUl
1 16:%
116\ 116% 117
11,618
39,901
U.S. Is of 1907
12018
120
120
120)4
40,289
Erie, couinion stock
41*4
40%
40%
10»s
214,872
1,538 nilnols Central
38,684
1391% 139
139 >«
380,800
8,706
Pennsylvania
62*4
62%
02 >4
0.391,061
9.006 PUIlHtloInlila
973,738
dc Reading.
3214
32
32 >4
40,799,306 20,130,224 1,800,130 ^f ow York Central
131
133 <«
131
131
289,737
1,198
2,797,631
23,789
Liverpool.
Sat.
Jfon.
Tiu$.
36,518
326,277
Wed.
31,217
231,009
d.
d.
233,307
4,893
It.
d.
26,510
3
3
3
3
13,083
719 Flour (ex. State.. 100" lb.
Wheat, No. 1, wh.
213,116
9
3,673
9
"
Soring, No. 2...
9
9
9
1,823,838
2,847.769
8.942
"
winter. West., u
1
383,694
91,113
1
99,021
"
Cal. white
7
7
7
2,511
131,139
7
Corn, mix.. West.
"
0J«
Olg
0>4
139,088
OH
7,161
77
102.128
68,697
81 Pork, West. mess. ^> bbl.
6
6
6 16 6
3,261,933
6,389,388
31,624 Bacon, long clear, new..
Beef. i>r. mess. uc\r.|itc.
81
172,781
3,863,777
Lard, prime West. Ifi cwt.
3
3
3 .57
356,110
130,838
Cheese. Am. choice, new
O 65
11,177
636,252
12,092
1,268.737
189,682
153,636
2,312
H:
I!i
1«7
6
14 3
10 8
10 6
11 2
lu 6
Sim
77 O
16 6
81
56
61
gqmmeyciaX and WfiisctlVxntavis^tms.
Imports ahd Expoets foe the Week.—The imports of last
week, compared with tho.se of the preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imports were $8,843,442, against 17,814,215 the preceding week and $10,887,366 two weeks previous. The exports
for the week ended Feb. 7 amounted to $6,969,200, against
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
$6,517,309 last
week
in
January
FOEEION IMPOa-ra AT KliW TOBK.
For Week.
1879.
Dry goods
$3,286,258
5,314,360
Gen'lmer'dise..
Total
1880.
1831.
$3,128,323
5,311,119
$1,728,739
3.530.153
$3,018,380
5,823,063
1882.
$8,630,618
$3,169,472
$5,259,194
$8,813,112
$13,813,204
30.148.179
$11,857,225
Gen'lmer'dise..
$9,273,977
19,271,653
•21.33S,511
13,311,820
30,661,761
Total 5 weeks
$28,543,630
$11,291,683
$36,243,766
il6.009.581
ShiceJan.
1.
Drj- goods
In our report of the dry goods trade will be found the imports
of dry goooa for one
The following
week
later.
a statement of the exports (exclusira of
specie) from the port of New York to foreign ports for the
week ending February 7, and from January 1 to date
EXPORTS FROM NEW TORK FOR THB WEEK.
11,100.00000
111.077,178 03
is
:
Total Treasurer's general account $216,721,385
Less auavalfable funds
695,916
3(>
77 $-216,025,168 59
1879.
$325,805,906 79
ASSETS,
FEBRUABT
1,
1882.
Goldlmlllon....
Standard sliver dollars
Fractiona silver coin
Silver bidllon
ccrtitlcntcs.
Silver certltlcates
UnlKMl states mrtes
National bank notes
National bank gold notes
ii I." .".*.".'
J."
,','/,
-,,
n.266,311
*„uoii 91
^3,8S6;476 63
72.121,581 00
26,.>67,373 37
3,258926 18
7,900 00
7 1(52 no no
"8711^01 la
730* '39 89
Ti'an\ cm
17 23? 52
'
Fractional cuireucy
Deposits held by national bank depositaries
Nickel and minor coin
New York and San Francisco exchange
One and two-year notes, ,!lco
Bedeemed
'.'.'.'.'.'.'.
]
"
'
certltlcates of deposit. June 8, 1872"!!'.'"'
Qnorterly lnt«r<"Ht
wnarterly
lnt«r<"»t ohp<'ks and coin coupon
coupons paid .'.'.!!!
Keglstored and unclainicd Interest paid...
United States bonds and interest
Jiterest
Interest on District o* Columbia bonds .
Speakers certllicates
Bo BaUroad interest paid.
1
'
New York
Central
& Hudson— Philadelphia & Readlnr.—
New York Central.
contract has been executed between the
the
Keadmg and
the
since Jan, 1. 1S82
Coming Company, by which a road
is
to
be constructed between Williamsport, Pa., the Western terminns of the Reading system, to Stokesdale, situated 3.)6 miles
from WeJIsboro, Pa.— a total distance of 75 miles— thus forming
a through line from the Reading coal fields to Buffalo via the
ewji ork Central Railroad. The New York Central, the Readiug
and the McGee companies are to guarantee the bond.s, and the
work of construction will be let immediately, .so as to complete
the connection this season. The toll temporarily fixed
for the
transportation of the coal to Buffalo is reported to be
57 per
cent of Its value at the latter point, subject to
periodical arbitration and readjustment, the Reading Company
receiving '"^
43
per cent for aU coal delivered at Shatn^kin. *^ •^ "-"
**
32.855.578
:
EXPORTS AND IMPORTS OF SPECIE AT NEW TORE.
Export!.
'
132,881 00
2,520 00
$33,816,329
23,03.">,630
$39,872,3881 $29,178,738
1882.
$6,969,200
25,886,378
number of weeks in each.
The following table shows the exports and imports of specie
at the port of New York for the week ending Feb. 4, and
109 093 72
35o'ooO 00
63- 00
70.000 00
299,653 21
610.292' 81
9,382 00
1881.
$8,302,132
27,511,197
In order that there may be a true comparLson with previous
years we have altered the figures so as to embrace an eq^ual
ll.SOliieo 01
3323,805,906 79
A
Total 5 weeks
1880.
$6,817,253!
Prev. reported..
Gold coin
Gold
For the week...
Imports.
Oetd.
Week.
Great Britain
France
$3,200,610
150,000
$3,200,610
150.000
60,000
60,000
6,700
Germany
West Indies
Mexico
South America
All other countries.
T«tal 1882.
Total 1881.
Total 1380.
Sinee Jan.l.
200
$3,110,840
112,000
S2,80u
$3,417,310
115.96U|
266.990
Week.
Since Jan.X.
$100,131
12.134
2,675
11.889
2,472
71.269
33,873
48,526
4,039
$32,170
611,312
213,231
1.51)3,413
$11,193
$11,103
1.268
11,489
41,174
78.978
14,325
3,684
$263,838
767,374
Silver.
Great Britain
France
Germany
$310,000 $1,206,180
190,000
3,000
West Indies
Mexico
South America
All other countries.
Total 1882.
Total 1881.
Total 1880.
1,949
1.828
$310,000
213.10C
77.013
$1,390,180
013,813
673.612
13.511
$149,354
318.674
i;.128
3-29.343
$27,727
Of the above imports for the week in 1881, $7,1S0 wer»
American gold coin and $13,741 American silver coin. Of the
exports for the same time $3,312,840 were American gold coin.
.
.
...
.
THE CHRONICLE.
168
erATKMKST of the Comptroller of the Currency, showing by
issued, the
BtAtea the amount of National Bank circulation
amount of Legal Tender Notes deposited in the United States
Treasury to retire National Bank circulation, from June 20, 1874,
Feb 1. 1882. and amount remaining on deposit at latter date.
to
Additional
Legal-Tender Notes Deposited lo
Belire National Bank CirculaLegal Tention since June 20, 1874.
ders
on
States
circulation
issued situe Redempl'n
June 20, of Notes of
BITOKIE8.
Maine
J,.j29,580
75.1,665
K.IIumpgli
Vermont..
Maj?B
Bli. Island
2,008.920
24,918,090
3,552,620
4,411470
Conn
New York.
N.Jersey..
Penu
Delaware.
Maryland.
Dlst. Col..
20,051,075
3.068.O8D
16,768,460
277,275
2,046,410
457,000
l,17S,i500
Vireinia ..
W.V'gluia.
N.Caiolina
8. Carolina
Georgia..
Florid.^
226,«10
1,23.1,660
Alabama..
.
Treasurer
1,081,700
128,797
2,194,137
10,763,000
2,317,935
3,823,380
33,455,173
3,176,740
13,505,297
166,600
432,664
937,369
731,060
128,200
1,718.380
1,884,980
962,724
1,973,379
1,117,745
1,320,785
1,187,380
530.060
330.925
90,000
Texas
Arkansas
1,623,110
566,250
171.000
Kentucky.
i ,749,'.J50
Tennessee.
Missouri ..
1,019,770
1,786,860
Olilo
6.19ti,500
Indiana...
4.037,6 lO
3.834.865
3,000.190
1,352,030
2,324,800
1,258,400
Louisiana.
Illinois
Mii'liit;an
.
Wisconsin.
Iowa
Minnesota
Kansas ...
Nebraska
Nevada
. .
Utah
Montana..
Wyoming
N.Mexico
Wasli'ton
Dakota
.
.
*
66,819
89,491
247,471
124,318
240,915
14.3,402
91,608
656,413
61,290
2,099.2,'>0
2,755,663
274,340
171.000
""629.867
2.220,833
551,859
3,862,135
7,859,083
7,706,046
3,282,475
1,239.589
1,760,613
1,883.445
316,550
449,980
333,630
171,000
2,850,700
922,260
4,905,585
6,603,131
9,277,680
9.609,380
3.908,375
1,940,449
2,706,884
2,437,940
1,098.271
494,980
120,776
211
50,387
8J,763
5,091
819,615
137,631
576,199
2.013,184
2.515,3:n
1,396,562
1,332,666
486,430
149,400
19«,800
81,000
3GS.625
337,991
197,200
1,693
86,111
11,673
50,254
90.000
90,000
57,740
4,898.5.34
625,900
680,800
946,269
554,495
781,721
43,000
219,225
161,191
116.200
.S16,772
706,923
232,776
li»7,280
930,600'
California.
•Leg. tend.
Total
1,920,557
1,122,218
1,262,498
6,708,030
1,110,871
4,673,744
314,100
296,080
2H3,400
36,000
743,400
179.900
263,700
30,600
90,000
225,000
427,500
Colorado..
245,164
24,523
761,146
224,100
370,401
1,043,450
1,704,597
1,418,597
1.903,334
3,813,675
128,353.103 20,482.394 110,523.202 134,821,271 30,432.443
Deposited prior to June 20, 1874, and reui,iinlng at that date.
The following
Resources.
Other stocks, bonds and mortgages
Due from apinoved lesi-rve agcn'te
Due from otlier national l)anks
Due from State banks and baukers
Eeal estate, furniture and tt.xtures
Current expenses and taxes paid
Premiums paid
Checks and other cash it<>ms
Exchanges for Clearing House
Bills of otiier national banks
Fractional currency
G°H
«'i"
Gold Treasury certificates
Gold clearing-house certificates
8 vercolu
Silver Trea8i)ry certiflcates
l«Kal tender notes
United States certificates of deposit for
Dm 31, 1881. Oct. 1. 1881.
$1,161,648,043 $1,169,022,303
4,428,486
4,773,779
368,705,700
363,335,500
15,713,000
15,340,'JOO
31,884,200
40,972,450
62,663,218
61,896,702
123,348,083
132,968,183
77,616,284
78,.505,446
17,635,810
19,30.1,826
47,440,400
47,329,111
4,640,67 3
0,731.938
3,891,728
4,138,383
17,337.704
14,786,023
217.214,627
189,208,109
24,190,534
17,732,470
366,301
374.181
62,771,671
58,910,368
4,623,500
5,221,800
38,332,000
43,090,000
6,797,829
5,450,387
1,143,240
1,602,180
60 113,207
53,158,141
legal-tender notes
Kveoer cent redemption fund.Due from United States Treasurer.
7,920,000
16.378,339
1 718,233
.
Total.
6,740,000
16,115,751
1,356,844
«
$466,159,83i.
12tiSfi«4i'J
.54217083
330.293195
Amount outstanding
324 ,991,161
Blvidends unpaid
IiuUvuiual deposits
United Hiates deposits
Deposiis of U. 8. disbursing officers.'."
Due to other national banks
Due to State banks and baukers.
Fotcs and bills rediscouuted.
BUlB payable
.'.'
;
Total.
%s^I^^ °/,.**
1
'
"
241,701
6,372,737
102,251,910
8,796,678
3,595,726
197,252,326
79,380,429
4,122,472
4,482,325
2,381,730,880 $2,33S,J, 7.391
1.
^^^>
^*"°°*1 Ba°^ Notes and of Lega
T^^rN^^
T"*^^^ °f
Tender Notes out.standm^
at the dates of the passage of the
Act8
l2^ orkL^*""'""''
outstanding
at
datef and the
New York
Transfer books close on the 15th.
Auction Sale.«.— Messrs. A. H. MuUer
inst.
ing at auction this week:
Hhur
171
50 Corn Kxchange Bank
Peter
Cooper
Ins. Co.l90S191
75
20 Montauk Ins. Co
118
50 Broadw.ayER. (Bklyn).. 181
221 Lvkens Valley RR. Co. ..132
40 Pacific Bank
165
100 Washington & Georgetown RR. Co
251
&
Son sold the followShares.
107 Tradesmen's Nat. Bk.l02al04
60 MercUiiuts' Exch'ge Bk.. 98
4 1st Niit. Bk. of Brooklyn.254
10 Le.'ither Manuf. Nat. Bk.l78
200 Bklyn. City KR...211i4S>216Ja
10 Citizens' Insurance Co... 155
82
20 Doruiau Manuf. Co
31 Butchers' & Drovers' Bk.l36>3
5 United States Ins. Co.... 132
3 N.Y. Bowery Fire Ins. Co.223
Bonds.
$4,500 Broadway RK.
of Brooklyn, Ist 78
Co.,
107
BANKING DEPARTMENT.
Office
ofPISK & HA'rCH,
No. 5 Nassau Stbee
New York, 1882.
In answer to nanerous letters of inquiry as to the terms on which we
receive deposit accounts of Banks, Bankers, BusIjicss Firms and individuals, we issue this Circular for the general information of those who
may desire to open accounts witli a private banking house in this city.
We are prepared, on the terms mentioned below, to receive tho
accounts of responsible parties in good standing.
In the case of Banks, Savings Banks, or other well-known
Corporations, or of individuals or firms whose character and stand ing 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 ths
average monthly balances, when the same amount to $1,000 or
over. On accounts averaging less than $1,000 for the month
we allow no interest.
3. We render accounts current, and credit interest as above, on the laat
1
Except
da,v of each month.
For parties keeping regular deposit accounts with us we collect and
credit United States, Railroad and other Coupons and dividonds.payable in this city, without charge make careful inquiries, and glv«
the best information we can obtain respecting investments or other
matters of financial interest to them and in general serve their interests in any way in which we oan bo of use to them In our line of
;
;
busiucss.
5.
We do not discount or buy commercial paper, hut are at all times pre-
6.
pared to make advances to customers and correspondents on United
States Bonds or other first-class ani marketable securities.
All deposits are subject to Check at Sight without notice.
205,''62,943
89,047,471
3,091,165
4,664.077
that of the
—
.56,372,190
320,199,969
245,018
3,835,926
1,070,997,531
8,476,689
3,631, 03
not Included in the abdve,
Circulation of national gold banks,
The usual monthly dividend of $30,000 has been declared
by the Deadwood Terra Mining Company (for January), payable
at the ofBce of Wells, Fargo & Co., 65 Broadway, on the 20th
$463,821,983
128,140,617
Comptroller of the Currency on Feb.
30,432,443
896,501
8,991,745
—
5,302,034
StaU' bank notes outstanding
June 20, 1874
of the season
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
producing an annual interest income of over two millions, and
with an ample surplus by the most rigid standard used in this
country, this old and purely mutual organization stands in the
front rank of life insurance corporations. It is growing, too, in
a manner that seems to show the public appreciation of life
insurance in general, and of this companj-'s particular merits
and methods. Over 5!4,000,000 were added to its assets last
year, and, after deducting all losses, the number of its living
policy-holders increased over 5.000, and stood January first,
1882, at 53,927. This is its thirty-seventh year's business ; it
began with nothing, and now has over $47,000,000. During
this time it has paid to policy-holders in death claims, endowThe amount thus
ments, dividends, &o., over $61,000,000.
paid, plus the amount now held in trust for them, exceeds the
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, ha»
just been declared by the Ontario Silver Mining Company.
4.
Buiplusfuud
Other undivided profits
National bank notes issued
Aniouni on hand.
of
— Among the most solid financial statementss
is
$2,381,730,880 $2,358,387,391
Liabilities.
Capital stock paidin
under Act
$932,609.
the abstract made to the Comptroller, showing the condition of the national banks of the United States
St the close of busines,s on October 1, 1881, and December 31,
1881, the number of banks reporting December 31 being 2.163:
Overdratts
United Wlatcs bonds to secure circulation
United Slates bonds to secure deposits..
United States bonds on band
322,35.5,965
361,663,805
180,201
1,1881
Feb.
18,248,367
Increase since
Legal Tender Notes—
$282,000,000
Amount outstanding June 20, 1874
382,000,000
Amount outstanding January 14, 1875
'78
Jan.
1875,
to
May
31.
of
14,
33,318,984
under
act
Amount retired
346,681,016
Amount outstanding on and since May 31, 1878
S.
Treasurer
redeem
the
U.
to
with
Amount on deposit
notes of insolvent and liquidating banks, and banks
is
Loans and discounts
$349,894,182
351,861,430
Increase in deposit duringthe last month
Increase indeposit since Feb. 1, 1831
763,600
Mississippi
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
retiring circulation
at Date.
764,700
55.800
1,753,010
10,528,200
2,285,585
3.758,030
30,711,830
2,653,137
12,189,071
1,036,010
386,685
1,192.585
1,187,380
437,675
t
wit ft V. a.
Total
Deposits.
317,000
72,997
411,097
234,800
32.350
63,350
2,743,343
523,603
1,316,226
le9,700
6JS.330
72.000
207,000
.-
Cireul'tion
under Act
Liquidaig of June 20,
Banks.
1874.
1874.
Denosi
To Retire
AND Teh-
XXXIV.
[Vol.
One of our firm is a member of the New York Stock Exchange, and we
give particular attention to orders by mail, telegraph or In person, for
the punhaso 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 make exchanges for National Banks in the Banking
Department at Washington, without trouble to them.
FISK
at
HATCH.
I
:
KcnROAiiT
:
THE (H RON CLE
11, IHSS.)
16tf
J
nM tottoirla* tUrldaniti lutra
rao«atljr
and
;
whether any speoie
In domestic
Boolu OUtttd.
(Dayt IneluMif.)
PayabU.
eetU,
Contin«nUl
rat«a for
Hallronda.
IH
Miir.
Feb. 10 to Feb. 15
Fob. 11 to Mnr. 1
3>a
fob.
Feb.
Feb.
Feb. 10 to Feb. l.^
15 Feb. 10 to Fob. 15
Fi«b.
.
are as foUowi
markii,
t
94)60MH
It l« yet aneertain
be shipped on Saturday.
New York Exchange wa* qaotod to-day aa
bills,
follows, at the places
named
:
®^ prem., selling H®^ prem.)
\i9% Cluirlestoti, baying p«r
New Orleans commercial, I009
;
160 prem., bank 200 prem.; St. Lotds, par
ton,
:
will
Savannah, buying %, selling
CUIp»({o A W.Hi MlihlKiHi
Clovr. A rutsliiiiK ifuiir. (uuiir.).
Detroit Laiisliii; A Mo. pri'i
K»u. flty Ft. f^oitl A Uu'.f COM
I'O
(III
yref.
bills
Bia^OSlSM and S 18>i4»5 19H
9B^®9B^ and Kuilden, 40K4MOH-
FruieR,
iMeo •uaoanoad
mtn
.Vam« 9f Company.
The utoal
4 8394.
'ghz JPauHei'9' (ia^ettje.
DIVIDailBIII
;
Chicago, par
;
Boa-
10@12^ prem.
—
lusuranca.
United States lionds. Qovemment bonds have been stead/
and without notable movement.
miB«ell>neaaa>
The lOSth call for boi:ds was issaed February 7, calling in
Sota. Feb. IS Feb. 11 to Fob. Ifi
New Yurk I'ltlonulo CHi
$30,000,000 of ths continued sixes on April 8, 1882.
The
NK>V YOUK. FUIDAV. FEIIKIIARY 10, lSSU-3 P. n.
description is as follows: Registered bonds of the acta of July
The Moiioy .Varket and Finanvial iSitnittion.—There has 17 and August 5, 1861, continued daring the pleasure of the
Ix^en mach more quiet this week in financial affairs, and not a Government under the terms of circular No. 42, dated April U,
single event of ettraordinary 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, 1881, as follows:
expected, but the bearing upon oar markets is comparatively
No. 1.951 to No. 2.150, both IricliiKlvp.
100. No. i:<,T01 to No. 14.700, both lnclii,<lre.
remote, and unless London is seriously affected we look for little
500. No. 10,001 to No. 10.700, both Iniliintve.
t$50,
farther trouble here. The export of speoie last week amounted
1.000, No. 48,901 to No. 51,000, both Iiu'IiihIvo.
5.000, No. 10,151 to No. IH.S.W, both Inuliinlve.
to I^,750,ci40, and this week there has been no export worth
$10, 00, No. :12,.';51 to No. 34,050, both liiuluslve.
Total, $20,000,000.
mentinning; the Bank of Kngland gained a considerable amount
in the week.
Many of the bonds originally included in the above nambera
The names of the Advisory Commissioners for the railroad have been transferred and canceled, leaving outstanding the
trunk lines have been announced, and they are acknowledged to amount above stated. Bonds forwarded for redemption should
be good parties. They are to hear argument in regard to the be addressed to the "Secretary of the Treasury, Loan Division,
differential rates to sea-board ports and make recommendatioHS Washington, D. C," and all the bonds called by this circular
concerning the maintenance, change or abolition of the differ- should be assigned to the "Secretary of the Treasury, for
ences. The Commissioners are Hon. Thomas M. Cooley, of the redemption."
Supreme Court of Michigan, for many years a Professor in the
The closing prices at the New York Board have been as
Ijaw School of the University of Michigan, and a man of high follows:
character and ability Hon. E. B. Washbume, of Illinois, late
Inieral Feb.
Feb
Feb.
Feb.
Feb.
Feb.
Minister to France; Hon. Allen G.Tharman, of Ohio, well-known
Periods.
6.
4.
7.
8.
9.
10.
~
as a lawyer and statesman.
101
68, continued at 3Js.. J. & J. •100% •lOOTg •lof" •ToiT" •101
At the Stock Exchange there has been more excitement in 5r, continued at 3>s.. i .-Feb. •1021s •102 •« •102>s •10214 •102H 102 >a
lias, 1891
reg. C .-Mar. •113\ •113% 11379 113»8 •11351, -113%
Tennessees than in anything else, and the extreme decline 4>ss, 1891
coup. i .-Mar. •lUTg •IM'g •114% •lU's •114% •114%
Feb.
City Fire
Now York
On
I'lro
13 Feb.
R to Feb. 12
deui.
iHc
;
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 Biddleberger bill through both Houses of the Virginia LegLslature,
has brought up once more the whole subject of State repudiation,
and
give a
set-
calculated to unsettle the work already done, and
back to the progre.ss which had been made towards
is
the re-establishment of Southern State credit.
The money market has been easy enoagh 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 borrowers 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
Government bonds the call loan rates are 2@3 per cent. Prime
commercial paper sells at 5@5)6 per cent.
The Bank of England statement on Thursday showed a gain
of £529,000 in specie for the week, and the percentage of reserve
to
liabilities
was SS% against 31J6
last week; the discount
cable dispatches report the Bank
of France as gaining 76,850,000 franca gold and losing 13,175,000
francs silver.
rate remains unchanged.
The
The
statement of the New York City Clearing-House
bank.s, issued Feb. 4, showed a decrease in their surplus reserve of 13,720,025, the total surplus being f6,381,825, against
^,101,850 the previous week.
The following table shows the changes from the previous week
And a comparison with the two preceding years
last
1882
Difertua ffm
1881.
1'80
previous tettk.
Ftb. 5.
Feb. 7.
LOMiaanddU. 0328.352.OOul iiic.*.5.HH.i,noo $316,092,900 1290.3^1.6
8pecl<>
(
1,.
!...
.
IjeK»l re«erre.
Beserve
lield
flnrplna..
Oe.Rlii.SOO Dec.
20.0et9.200 Inc.
3ie.32.^.UO0 (no.
18.843.4»u, Oea
>0
1,73 "1,700
52.994,0.>0
4^.400
216.500
21.6CIJ.S.K)
67,603 .700
18.363,300
307.097,200
!) .10.200
15.997,500
«79.081 •tT.'ii (no.
«54.123 #76,774,300
85,l(i3.300 Deo 2.605,900
83,601,200
$6,3$ 1 .<<25| Dee.«2,720.028
»6,82e,900
264,404.200
10,437,900
$06,101, 0.'IO
69,432,500
$3,331,450
Exchange.— Exchange has been more quiet, and rates fell
below the specie shipping point; bat recently the tone is rather
firmer. To-day the rates for actual boaineas were about 4 84>6
for prime bankets' 60 days sterling and 4 90 for demand, with
cable transfers 4 90>^94 91, and prime oommercial bills 4
83>^0
49,1907
1907
46,
68,
88,
68,
6b,
cur'cy,
cnr'cy,
cur'cy,
our'oy,
66,our'oy.
This
la
reg.
C
.-Jan. •llSig
•iiaifl
ooap. C .-Jan.
1895. .reg. jr. &. J.
1890. .reg. J. A J.
1897. .reg. J. * J.
1898.. reg. J. A J.
1899.. reg. J. & J.
•128
129
•130
•131
•132
llSig •llf>8
118ifl II8I8
•128
'129 •129
•130 •130
•132 •132
•133
•133
*l-.'8
the price bid at the morDing board
;
II8I4
118H
•12s
•129
•130
•132
•134
•118H •11818
11818
•12'i
•129
•130
•132
•133
11818
•128
•129
'130
131
•132
no tote was made.
—
State and Railroad Bonds. All other transactions in State
bonds have been overshadowed by the remarkable dealings in
Tennessees. On Friday last, Feb. 3, old Tennessees sold at 75 J6
and new at 73^4. 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 J| for "mixed" bonds which
include some of each class, 53 for new and 53 for old, with a
recovery of 1}6@2 points at the close. The decline seems to
—
have been based on the Nashville dispatches that the coort
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
of the very good bonds have advanced but little this year. The
Boston Hartford & Erie bonds have declined heavily, and the
holders, whether justly or not, are complaining against the
Gould and Field management.
Railroad and Miscellaneous Stocks.— The stock market
has been variable and, upon the whole, rather unsatisfactory.
Prices do not move as they are expected to, and as they apparently ought to move, from the circuinstance.-< which bear
upon them. Money is fairly ea-'y, the railroad war has been
settled, railroad earninrp* are very hirge as compared with 1881,
the little cloud which hung over the foreign exchanges haa
mostly blown away, but it can hardly be said that prices respond
as yet to the improvement in the general situation. One theory
there are
is, that with each impulse of strength in the market
large holders who stand ready to realize on stocks which they
bought at lower prices, and the fact that a decline has often occurred when an advance was reasonably expected goee far to
support the idea just mentioned. Prices are also aensitiTe, and
give way rather easily when the stocks are aUacked by the
rumor-mongers.
_
It is reported to-day from Philadelphia that Messrs. Gowoi
and Garrett control about 100.000 shares of N. J. Central atodc,
„
to control the next election.
in Louisville & Nashville to-day was said to hare
been helped by the •wile of a large lot for the Produce Exchanga
firm which failed yesterday.
C. C. & I. C. has declined sharply on the new aettlement proposed to the bondholders.
and expect
The break
-
— —
THE (JHRONHJLE.
170
EXCHANGE FOR THE "^EK, AND SINCE
IN PRICES AT THE N. Y. STOCK
RANGE
[70L.
DAILY HIGHEST AND LOWEST PRICES.
STOCKS.
Monday,
Saturday,
Feb. 4.
KAII.ROADS.
& Sasguehanna
i N. V. Air-Line
preJ...
Do
Bnffalo PJttsbnrg A Western...
Albany
Boston
Burlington Cedar Baplds
& No.
Canada SonlUem
Cedar Falls Ji Minnesota
Central Iowa
..---
Central of New Jersey
Central I'acHic
Charlotte Columbia & Augusta
Peb.
n25
130
69
7014
84
84
S2--4
bSH
34%
34 'e
6.
Do
Chicago Rock
Ohio
89
66 14
6734
130
*80
6234 63
"-J
7.
135
67»4
95 14
8S'6
Isl.
A
pret...
Pacitic
Chicago St^ L. & New Orleans..
Chicago St. Paul Minn. & Oni..
Do
pret.
A Clov
Cleveland Col. Cin. A lud
Cleveland <£ Pittsburg guar
Cincinnati Samlnsky
9534
89*8 89 la
-70
89--S
A Missouri River....
A Nashville
New Albany & Chic
Manhattan
Dc
Manhattan
1st pref-.
'
101
100
ID'S
18^8
127
la'-g
127-'8
127
Metropolitan El&-» ted
70'*
14=8 14=8
23=8 24
1434
•23 "2
L. teh.
Do
A
A
7;-
Borne Watertown A Ogdensb'g
8t. Louis Alton A Terre Haute.
Do
Do
1351a 1353, 13534
109'e 109% 110
8t.
Paul
A
.
.
lat pref
Dnlutb
Do
Paul Minneap. A Manitoba
Texas A PaclUc
Toledo Delpbos A Burlington
PaoClic
Wabash St. Louis A
Do
Paciflo
...
pi-ef
District Telegraph
18^8
96»4
19=8
& Iron
A Hutlson Canal "
New York A Texas Land
Oregon Railway A Nav. Co
paciflc Mail
;;;
Fnliman Palace Car
""
l>elaware
Butro Tunnel
West. Union Tel., "icertillcates
EXPRESS.
American
AND
36%
23%
133
133%
109%
AIININO.
85
6234
63%
14
4,130
•34% 35
13378
109'e
05
65
1273a 12--'8
71
72
14=8
24
23 '8
19%
19
127%
12734
71% 72%
15
24
143j
23%
15
24
32%
3234
34
60
52
61
5138
94
71
53
97
94 14
71
53
97 1*
30
93
75>a
•85
941a
'8
•23
133
95
1334 18
135% 133%
133% 136
109% 110
95
13% 13%
12634 12734
126% 127%
71
717,
70%
14%
14=4
14% 14%
23% 23%
23% 23%
96% 97
98
97
40%
40
46
463j
31
513i
9334
93% 94%
53% 53%
54% 66%
96% 96%
29
31%
•90
30
•27%....
12ifl
12I2
743,
77 3e
86
86
86
97
7%
70%
834
87
86 '8 87
473,
4734
94%
9734
93=4
933,
400
31
30% 32
14
14%
1,810
72
55% 58
•96
30
13% 13%
76
92
8634
87%
89%
83%
47
19
59
48
20
47
75
86=4
86% 87
47% 47%
90
47
21
61
34I4
67
69I4
69% 70
70
341a
62-4
3434
34% 34%
34% 35%
623,
62
62=8
34%
34
•18
6234
240
240
2241a 230
21=8
30% 30%
301a
246
237
240
231
3534
35
70
3034
7234
2434
7378
34%
35
26%
71
71
35% 35%
63
64%
63
31%
250
240
247
239
27% 27%
27% 28%
40
571a
5718
93
93
84%
40% 40%
47 14 48
12
12
250
240
240
240
'43''9'45'i;
118^11834
86% 36%
66=8 67%
42
60
95
45
3934
3034
38
33
7478
24 76
34s,
70% 73%
35=4
3434
63
134
6378
19
74%
36%
63% 64%
135
243%
31
31
1200
245
237%
2363, 236
27% 30%
20
40
87
44
58
43
68
61
57%
35%
737a
18
73
3534
267,
58
35
34%
•38
•84
87
8%
30% 31%
•38
•84
40
86
42% 44
60
96
41
39
41
71
39
39
48%
'
43
137
43
138
4234
4234
134 134=4 134% 135
138% 139%
44% 45% 44% 45% 44% 44% 433, 4478
138% 13834 137% 13834 139 139
139 141
140 140
"4'3'»i "4'4''i
7
»4
81
149
92
921a
927, 93
781a 731a
77
77
130 130 •127 129
147
93
147
82%
149
93
%
78
'e
81%
Jan.
45
20
oO
Jan.
Jan.
Jan.
35% Jan.
97=4 Jan.
8234
150
93
76% 76% •75% 77
123 128 •126 128
347
•92
81%
82
150
'147
92% 92%
•75%
>126
'a
'
7634
81% 82%
•148
149
93% 93%
76% 76%
87% Jau.
13334 Jan.
109% Jan.
43% Jan.
85 Jan.
Pennsylvania Coal
..
Quicksilver Mining
Uo
19?.
18
35
•240
13
19»4
35
....
I3I3
pref...'.'
Central Arizona Mining
'
SUverCim Mining
tftormont Mining
•
•1=,
17,
"26"
•34% 36
'240
19
13
61%
61»,
17
17
•1%
•6%
1%
7%
•19
19
1%
"
'•"l'8
35
'238
•12
"*
Deadwood Mining
Excelsior Mining...!!
New Central CoiU
Bobinson Mining..
19»4
191a '•'is"
Standard Consol. MfiiioK
Cameron Coal
1934
128
•126
128
•19% 20
•19
•1%
1»4
20
•1=4
"2
"l8'%"l8'%
•34% 35
•34%
3
'240
..
.
•12
13%
61% 617, 62
62
17% 17% 17% 17%
"1%
Vii; -i^
•6»4
%
*
',',
•Ve" "is
'.'.'.'.'.'
2Hi
Sia
2%
2%
•2%
2%
•if
2%
19
2%
'240
....
•12
•61
13
62
wu
•240
13
•1
'6%
19
•2%
•1
1%
>8
7
•18
20
%
2%
19
•2%
Lowest price
7
19
24
4
10
6
3
24
19
.
26
.
19
4
4
4
3
Jan.
Feb.
105% Jan.
40
88
33% 51
109%
41% 68%
91
10134
81
127% 142
95%
82
18% 327a
60
77
131
107
66
113%
76%
21
33
13
23
12% 12%
44% 350
94
63
124
121
106
146%
38% 57%
14
30%
62% 70%
54
34 7i,
102
63
130% 155
96 130%
14 39% 5278
Feb.
Jan.
Jan.
Jau.
Jan.
77% Jan.
25% Jan.
38% Jan.
23% Jan.
75 Jan.
195 Jan.
3734 Jan.
67% Jan.
135% Feb.
140 Jan.
40 Jan.
250 Feb.
240 Feb.
31% Feb.
21-% Feb.
4334 Jan.
92 Jan.
4678 Jan.
66% Jau.
106% Jan.
3034 Feb.
71 Jan.
115% Jan.
51% Jan.
17% Jan.
11934 Jan.
33% Jan.
71% Jan.
14
4
14
6
11
14
14
14
14
16
80% 96%
25% 43%
23% 26%
164% 190
63
3234
70
51
64% 88%
3779
21
60
35
18
37%
3 64
83
200
6 190
14 27% 57%
7434
7 50
142
3 127
146
17 130
5 35
80
7 99% 171
174%
7 122
10 22
50
4 22
60%
16 39
77%
14334
16 85
25 39
55
81%
26 55
17 90
115%
42%
8 26
20 70
89%
1^
14
7
16
14
88% 11334
41% 73%
38
15
105% 13134
33% 60
14 64% 96%
41
Feb. 7
45-4 Jan. 13
74%
31
35
67
108% Feb. 7 89% 115%
49
190
5,772
6,000
96,460
146
161
129% Jan.
%
76%
100 145
180 92
428 76
130 128
Feb.
Jan.
Jan. 6
Jan. 14
Jan. 10
Jan. 6
250
1,200
la ei-privllege.
10 30
19 134
3 39
Jan. 18 120
Jan. 3
8234 Jan. 16
2%
77
94
149% Jan. 10 120
163
94% Jan. 17 62% 98
80% Jan. 26 51% 79
130% Jan. 6 112 142
Jan.
36 'e Jan.
19=4 Feb.
2 Jan.
2% Jan.
26 Jan.
Jan.
18% Feb.
33 Jan.
240 Jan.
12 Jan.
57 Jan.
14 Jan.
3134 Jan.
1 Jan.
5 Jau
% Jan.
18 Feb.
2% Jan.
234 Jan.
62%
1
15% Jan.
1% Jan.
l%Feb.
t
140
136
131% 147%
129
148%
49% Jan.
140 Jan.
45% Feb.
%
23,
3678
182%
129%
200 42=4 Feb.
620 128 Jan.
34,400 39% Jan.
600
700
585
1%
1
23
3979 Jan.
66% Jan.
93 Feb.
600 27 Jan.
200 68 Jan.
2,620 108% Jan.
31,590 44% Jan
600 12 Jau.
27,179 114% Jan.
12,659 34 Jan.
33,720 65% Jan.
300
7
31
31
33%
80% Jan. 28
1,164
13
10
30
500
500
2
34% 35
4
31
2,800
225
100
2
1
11
3
Jan. 31
32
•1%
17% 17% •17% 18
]."
"'i"%"'ii
Tbtt, kre the price, bid and a.ked-no
sale
oud« at the Board.
a
48%
156
117
14
14
27
11 172
31 28%
6 20
24 5334
31 37%
Consolidation Coal
Bomestake Mining
Little Ptttsburg Mining
Mariposa Land A Mining..
Maryland Coal
Ontario Silver Mining
3374
23
39% Jan.
500 80 Jan.
90,158 128%"Jan.
200 105 Jan.
79,390 38% Jan.
1,2,50
79 Jan.
35 170 Jan.
19,410 25 Jan.
20 Jan.
3,685 54 Jan.
2.000
Jan.
98,080
Feb.
6,200 22 Jan.
4,900 32=4 Jan
110 18 Feb.
3,006 60 Jan.
400 190 Jan.
850 33% Jan.
28,800 58 'e Jan.
40 134 Jan.
139 Jan.
4,110 27 Jan.
5,070 179 Jan.
5,608 150 Jan.
11,000 24% Jan.
125 20 Jan.
31
39
1027a
323,
Jan. 11
14
61
32% Feb.
462 120% Jan.
8,200
1,300
8,290
40%
45
112
104% Jau. 28 85 114%
35% Jau. 21 18% 3934
123% Jan. 14 118 131
1,435
71
37
48,375
18,050
1,030
60
90
90
M
Feb.
Jan.
83% Jan.
7
71%
56
49 Jan. 19 41
6534
37% Jan. 14 32
11576Jan. 14 112=( 13534
63
52 Jan. 23
16% 38
110%
10034 Jau. 3 79
75 Jan. 9 50 117%
58 Feb. 10 15% 59%
98% Jan. 28
32 Fob. 10 18
59%
24
15% Jan. 16
15
9% Jan. 3
93
82% Jan. 18 41
92 Feb. a 773, 126
90 Jan. 16 843, 128%
6478
62 Jau. 16 42
30%
21 Jan. 11 23
69% Jan.
84
500
16
Jan.
Feb. 2
Feb. 2
Jan. 13
Feb. 1
37% Jan. 14
102 Jan. 14
57% J.an. 14
84 Jan. 14
137% Jan. 21
104
Feb. 2
21 76 Jan. 7
00 Jan. 23
128% Feb. 3
74% Jan. 20
84 Jan. 9
16 Jan. 14
26% Jan. 18
16 Jan. 18
110 Feb. 8
111% Jan. 9
86 Jan. 14
137% Feb. 3
4878 Jan. 14
9534 Feb.
Jan.
9,565
21
136
145
135
84
23
7
.lO
30
135% Fob. 8 127
138 Ja'n.
133%
1107^ Jan. 14 101%
123 Jan. 1(1 116%
48% Jan.
11
56%Jau. 16
3734 Jan. 14
26=4 Jan. 14
870
60
112
112 112
11078 11078
47 'e 4334
48% 49% 48
48% 47% 48%
14
14
14
14
12% 13
11834 119% 119 119% 118% 119% 118% 119%
36% 36=6 36% 37% 36% 36 7e 36% 37
67% 67 'e 67% 68% 6678 67% 66% 6778
80% 81
150
40
39% 40%
79
79%
40% 40%
41
41
4078 41
108% 108% 108% 108% 108% 108% 108% 108% 108% 108%
"4
80 ij 81 1;
93
aO
39
•84
'107% 108
24
22
70
473b 47 '»
673e
137 Hi 139
39
85%
41% 41%
57% 57%
3776
103% 104%
32% 32%
122% 122%
82
83%
13034 131%
71
135
37% Jan. 4 31
97% Feb. 10 82%
94 76 Jan. 14 80%
73% Feb. 7
26 Jan. 7 20%
Feb.
Feb.
90
Low. High
Jan. 23 120
Jan. 18 25
Fob. 4 45
3934 Jan. 3 37
83% Feb. 2 09
Jan.
3..325
20
60
337a 34
240
235
28%
2778
•19
•58
37
22
110%110»4 111
35 '8 361a
39
40>«
10734 1081a
44=8 44ls
39
85
95
30
70
llOia 11034
35
90
72% 74%
24% 24 »4
20
42
8t
40
67%
67
•34
31% 32
21=8
•40
6614
57%
34% 34%
57
21
135% 135%
3014
61
700
1,300
10,620
7178 76
79% 80% 79% 79%
170 172 171 172
26% 23% 27% 26% 267e
34
3,710
76
90
'e
57
34
73
24 '6
413
74
88
83.
76
89
14,065
For Full
Year 1881.
32%
70%
1.930
80,323
2,060
49,628
3,755 136% J.an.
2,700 131 Jan.
400 79% Feb.
5,573
34% J an.
5,920 9734 Jan.
50 Jan.
860 78 Jan.
195 13.^ Jan.
8,243 87 Jan.
5,860 13%FL-b.
20 65 Jan.
123,160 122% Jan.
207,492 63% Jan.
84 Jan.
4,720 13% Jan.
2,700 23 Jan.
11% Jan.
7,800 94 Feb.
9,700 10576 Feb.
200 80 Jan.
8,843 12734 Jan.
1,600 44% Jan.
90
74
57
1882.
18S3.
133
Jan.
39% Jan.
81% Jan.
51 Jan.
13% Jan.
33% Jan.
89 Jan.
87% Jan.
70 Feb.
22% Jan.
33 Jan.
24 Jan.
128 Jan.
132% Jan.
104% Jan.
119% Jan.
124 Jan.
1,110 32% Jan.
152.015 109% Jan.
1,072
50 Jan.
34
112
5134
80
171
Jan.
60
48
34%
9336
71=4
108% 109% 107% 108=4
81% 82
133% 136% 136% 136%
51% 51%
961a
86=8
900
800
903
20
93
94% 95 14
Oeia
•2713
77
87
86 'e
34,473
45,232
1,100
1,375
1217^122%
72
53
53
300
96% 97%
91% 92
24% 24 3j
35% 36
133% 133% 134% 135%
14334144%
142% 144
133 133%
134
93
3234
'140
United States
Wells, Fargo A Co
„ COAL,
2434
85
80% 80%
82
.^23,
.
Colora<lo Coal
Adam*
24%
5,000
llO'eUl'8 UOHl 11138 1113811236 111%112% 1107811178 111
H8I4II9
MISCEMiANEOUST
American
•31 "-4
82
81
133
95
40% 47
pref
8t.
Union
9034
95.I4
0334
1,
1,
Highest.
32% Jan.
6834
•80
82
81
81
35 '8 3638
331.
3.5 78
33 7t
36
3534 36
10034101%
100'el01i4 101% 10138 100 '8 101
46% 46%
pref.
pref.
74
25
37
34=6
9634
91=b
34=8
19
•59
36=8
36
3734
36% 3734 37% 38% 37
102^10338 10336 104
102% 104% 103 10334
32% 32% 32% 3234 32% 32% ,32% 32%
123 123
123 123
123 123
122 123
•83
84
8334 83%
8334 84
130% 13138 131% 131 'e 131% 132% 130 7e 131%
..
106 109
106
107 108% 103 108
3934 40
3978 40%
3978 40%
39% 397e
Philadelphia A Iteadlng
Pittsburg Ft. Wayne A Chic...
Bensselaer A Saratoga
Bich.A Allegh., stock trust ctfs.
Richmond A Dauvillo
Blcbmond A West Point
Bochester A Pit tsburg
A San Francisco
24%
122
122 123%
134% 133% 135%
143% 143% 143% 144
i:?3
133% 134
1333i
81% 81%
1434
West., pref
Ohio A Mississippi
Ohio Southern
Oregon A Traus-Coutinental ...
Panama, Trust Co. certilicates.
Peoria Decatur A Evansville...
Do
963,
&1'(
46
pref
Louis
9534
9034
36
36
35
25 3f •25
25% •23
135
135% 135% 133
Missouri Kansas A Texas
36
36 't
Missouri Pacilic...
10234:0314
Mobile A Ohio
33
33
Morris A Essex
KashviUe Chattanooga A St. L. •83
831a
New York Central A Hudson .. I30I4I3I1.J
New York Elevated
108=8 108=8
New York Lake Erie A West.. 38 =a 40 14
Do
pref.
79 14 79
7934
New York New Haven A Hart. 172 172 'e 170 172 171 '8
New York Ontario AWestern .. 251a 25 'e 23-8 26
26
Norfolk A Western
Do
pref
56 14 56 14
36% 67
56%
Northern Pacific
34 14 35
34
Do
pref
.72
73*8
72% 72 '6 72%
Ohio Central
24
241a
24% 23
24%
8t.
34% 34%
46
Louis
St.
ii
243.;
54
Lowest.
1,30
80
53
94
91 »8
94% 94'2 •9414...
98 110
105-6 107 12 10714107'e 107 107 's 107 110%
81
81%
136 23634 135 'a 1361a 13634 13634 136% 13634
86%
Michigan Central,.
19
1273,
70'3
69"2
•27
each Co
A CI ciunatl, Istpref.
Do
2d prefMempliis A Charleston
Minneapolis
SOi^
80"2
101
Marietta
Milwaukee
101
134 -^34
Lake Shore
Long Island
Louisville
Louisville
14234 143>a 14234 1423^
133=8 1333, 133 ".J 133 12
•80
88
3.') 34
3534
35 Hi 3534
100^101
96I4
9138
751a
133
67% 67%
JAN.
Rsi'Si Since Jan.
Sales of
the Week,
Shares.
Friday,
Feb. 10.
9.
130
135
•84
633,
95^8
Feb.
8.
68% 68%
•SO
24
80
A Greenville, pref
Columbus Chic. & lud. Ceutral.
Danbury & Norwalk
Delaware Lackawanna & West.
Denver* Rio urande
Dubuque & Sioux City
East Tennessee Va. & Ga
pref..
Do
Green Bay Winoua & St. Paul.
Hannibal A St. Joseph
pref
Do
Houston A Texas Central..
Illinois Central
Indiana Bloojn'n A West., new.
Keokuk A Des Moines
pref
Do
Lake Erie A Western
Columbia
Loalstaua
24 •4
35
24
*34
Feb.
Feb.
75
24
241a
•34
35
35
Istyref
Do
•24
25^ 23
25
25
2d pret
Do
ISlis 1341a 13412 134 Hi 135
Chicago* Alton
Chicago Burlington & Qulncy.. 135"4l35"'4 135 "a 135^2 1 So"-;
Chicago Milwaukee & St. Paul. 108»4l0i)=8 109 109 "a 10938
12134 1213i 122
prof.
Do
1323.1 13334 132=813334 1331a
Chicago & Xorthwestem
&
Chesapeake
Wednesday, Tlinraday,
Tuesday,
XXXIV,
35
246
14%
62%
17%
37
Jan.
Jan.
Jau.
Jan.
Jan.
Jan.
30
14
3<
173^
I"*
35
264
240
21%
75%
17% 27
12
63
25
l%Jan.
1
4
34
20
29%
32% 38%
6»4 Feb.
Jan.
Jan.
4
Jan.
234 Jan.
1 % Feb.
43
1%
18
2
4534
7
14
%
2%
1%
7
35%
137,
4
.
..
Fkbruart U,
.. .
1
•
...
THE CHRONICLE.
1882.]
171
QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES,
STATE HOMtS,
SECURITIES.
SECURITIES.
Aek.
fitii.
Alabaona—
I.isH
CliifsH
(
A, 3 to
A
'2
5,
1900....
(o 5 rtiuall
1800-1000.
Rock .^ Ft. M. Ub.
fun(U*(1
.
6»,
33
KK
ioe>t
109 >a
Ifi
ids'"
new. lasu
6d, gold, loap..
108
115
78. iroM. 18t>0
iia"
Ob. lonu,
loQlaiami—
6fl,
Do
Do
Dn
.'.'.'-'.
Now
6«,ila«l!<Aiior 1890....I iliVi
ConntHtUut^tlH. 18H8<4..
78,
due 1882 or 1883
A»ylin or riilv., iluo '02| Ill's
114
Fun.UuK. IHW-'flS
Uaonibui 0^ 8t. Jo., '86.' 101
'87. 101
Do
flo
Now Yorlt6«, Kold, rear.. 1887
30
A.AO
c«np.
conii.
off,
oir,
J.AJ.
lis
A. .to.
ll.l
.:-,
A. 40
,,.
.."1
1. '08.9
..
.
i
->
Urt.
"6i.'
;...;....S
11
BS
33
83
11(00....
luu
,.....-,
..M
InttO
1-.,,
new,
6il,U(!W, 1H07
6», conw.!. tfoitdn
On, 1
'.upon..
tin,"
!<«....
«». .1
4
7
il3
80
01
•
44
:
"ii"
84
DUtri.
8'65«,
I
...
IS
u»—
J
V
Veii
1U2*
Small lionda
188C
««,
.,
I
20
20
l)ou.l«, J.itJ., 'e3.8
Bmall
IhBl
.', I"
10
101
T.'TIIl'
1n
Do
cla»«2
Do
claas3
ConmL 48, lOlU
107 >s
Rhode iHland—
loan. 1S(*2
8
D'.ii
Br...'
BpeulaJ tnx, claon
1887....
- --,
T
Aik.
Bid.
flontli f'»rnllnri~
e«, .A.
i:is
VnmiU
I)u
ReirifiterMl
Sa.
Funding
oomioD, 1803-90
,"!!-.
63
J.iftJ.
;;;;;;
6s,
78. Huiall
BECCniTIES.
A<k.
•
ea,<In«1886
6e, (iue 1887
6b, line 188A
30
27
Bid.
Cuollaa—Bn.olil, J.AJ.
Mo. L^rollna RK.,
MtMourl—
7»i J..
I..Uork
7b, Mi«mi>.
78, T.. H. 1'. B.A N.O. IIK
73, Mlw-» (> tt H. H. KK.
7h, Aikimsat* Cent. HU.
a
:r.
7i,
83 «
SECUniTlES.
.Aak.
T'm:.
1890
89 Si
..
l'l;i>.sC, .lf», IIMIH
('» lit-20», lUOU
('»
Bid.
Do
Do
120
•••••
1890
small
reglntered
•
•—
1
RAILROAD BUNDS AND
E.'l'.Va.«Ua.-lst78,l900
Istcona. 5s
DlTlaioual 5a, 1030
Bailroad Bonds.
lat mortgage, 63, 1020.
Erie— Istmort., extended.
2d mort., ext'd 5s, 1019.
3d mort., 73, 1883
4th mort., ext'd, 08, 1920
5th mort.,ext., 7a, 1888
Ist.consol.. gold. 78.1920
130
S.Y. L.E.& W...New2d,6
00
&
Bur.
(.wl.
R.&No.— Ist, OS
98
S8it!
60
90a< 100
L.— l8t.7s,feil
~
JowaC.ct West.— l.st
MlUD..fe St.
C.Rap.lB.P.& N.— Ist.Gs.
.12l|i
*
Cheasp.
<fc
ClilcaKo
Income
82 >M
51h
Sl=!»
141
103
78, 188S
(uuil, 68, 1903..
O.
&
2dniort.,78, lOOO
m
St. h. Jack.dt Cli.— l8t
1st, guar. (564), 78, '94
2dni. (360), 78, 1898..
2d, guar. (188), 7», '98.
Mlss.R.Br'ge— l8t,8.f. 68
C. B.&Q.-Sp.c, l8tni.,'83
Consol mort., 7b, 1003.
6«,
115
103
12614
103
sinking lun.l, 1001.
Iowa Div.— S.F.,5a,1919
Iowa Div.— S.F.,48,1919
C. R.I.& P.-e8,coup.,1017
6s, 1017, registered
Bay W. & St. P.— lat.
125'3 127
Norf.4W.— (i.l.m..i3a,1031
13014
89
105
78
Keo.a Des M.— Ist, g.,5a
115»<
103
Central of N.J.— lstin.,'90
77
Istconsot., assented, '09 114>4 115
no-i Int^4Ot.>'0.-l8t.6a gold 103
ConT.asseuteil, 1902...
Adjustment, 78, 1903... 107
Coupon, Us, IflOO
Xeb.&W B.-Cou.g'd.as. 108 lea's' Konfky Con.— M..68.1911
Am. D'k 4 Iro.— 08. 1921 100 >g
Lake Siiore & Midi. S.—
C.M.4St. P.— lat.8s,P.D. 132 lo
Mich. So. & N.I. s.fd. 7s 108
2dm., 7 3-10. P. D., 1898 tll73<lll8'4
Cleve. 4 Tol.-Sluk. td..
128
lBtm.,78, $ g., R.D.,1902
New bonds, 7s, 1886.. ilV)'
Ist m., LaC. Div., 1893.
Cleve. P. 4 A8h.-7s.... 113
Istm., I. 4M., 1897....
Buff. 4 Eile-Newbds. 123H>
IStm., I. AD., 1899....
Buff. & State Line- 78..
lBtm.,C. 4M.,1003.... 120
Kal. 4 W. Pigeon- 1st
Consol. 7s, 1905
12034 121
Det.M.4 T.-l9t,78,1906
Sa mort., '78, 1884
102 Hi
Lake Shore— Div. bonds
118
Ist, 78, 1. <6 D. Ext.,1908 115
Consol., coup., lat., 7s
i^f.
8.
i)iT., Ist. 08, 1000. 1!05
Consol., reg., Ist. 78...
95
Ist, 58, La.4 Dav., 1910. _ 04
Consol., coup., 2d, 78..
lst8.Mlnn.Dlv..C8,1010 1103
Consol., reg., 2d, 78 ... 125
115
Ist m., H. i D., 78, 1910
I.,oni8v..4 N.—C'on8,78.'98 121'4
107 Hi
*Sb.& Pac Div., 6s, 1910 106
2d mort., 78, gold, 1883. 103
04 Hj:
l8t ChicA P.W.,5s,1021
Cecilian Br'cTi— 7s, 1007 noo
Mlu'l Pt. DiT., 68, 1910.
N.0.4Mob.-lst,68,] 930
C..t N.west.— S.f, 78, 1885
E.H. 4N.— lst,68,1919 100
Interest bonds, 78. 1883 106
Gen'lmort., 6s, 1930.. 100 It
Couaol. bonds, 7a, 191 5
tl31Hi
Pensacola Div 0s,1020
Extension l>ond8, 7s, '85
107 Hi!
St. L. Div.- Ist, 68, 1921 105
1st mort., 78,1885
2d mort., 3s, 1980
60
126
Coupon gold, 78,1002...
Nashv. 4 Dec— Ist, 78.
126
Reg., gold, 78, 1002....
S.4 N.Ala.— S.f.,68,1010
Sinking fond, 6s, 1929. JllOHi
LBban'n-Knox.— «s,1931 IOII4
Sinking fund, reg
L. Erie 4 W.-lst, 68,1010
Sinking fund. 5s, 1929.
100 1011.
Sandusky Div.. 6s, 1010.
03
BlukiuKfund, reg
Laf. B1.4 M.-lst, 68, 1010 102
Iowa Mldl'nd— l8t ro.. 8a n'io'
Loulsv.N.Alb.&C— iBt.Os 101 H>
Peninsula— 1 st m., conv. 120
Manhat. B'ch Co.— 78.1890
Cblcago 4 HU.— Ist m. 118
N.Y.4 M.B'h-l8t,7s,'07
'Winona 4 St. P.— Ist m. no9 112
Marietta 4 Cin.— lat, 7a..
2d mort., 7s, 1907
120 la
1st mort., sterling
HU.4 .Ma((.-l8t,6s,1905 »
110
Metrop'llt'u El.— l8t,1008 100 Hi
C. C. C.& Iiia'»-l8t,7s,s. t tl24>« 125 Hi
2d mort., Os, 1890
90 '(
Consol. mort., 7s, 1914..
125
Mlch.Ccnt.-Con.,7a, 1002
C St.I>.dt.N.O.-.Ten.llen,7s i'ii"
let mort., 8s, 1882, s.f.. 103 A,
iBtm., COD., 78. 1897.... 116 118
Kquipm'ut bonds, 88,'83
C. St. J". M.A O.-Cons., 68
0094 100 H>)
(i.s. 1900
C.St.P.dtM.-lst.08,1018 112
Coupon, 58, 1031
07
No. Wise— Ist, 68, 103O.
Regiatered, 58, 1931
96
8t.P.48.C.— Isl, 68,1910 11214 112Hi
Jack. Lan.4 8—68, 1891
Chlc.4 E.III.— lst,s.f.,cnr. no3
Mil.4No.-lat,4-5-68,1010
Col.4 Green.— l8t,6s,1916
106
Mil.L.R.*W.-l8t68,1921
2d, Us, 1926
97
Minn. 4St.L.— lat 78,1927 ni4Hi
,
—
.
!
Del. L.
& W.— 78, conT. '9i
Mcrt. 78, 1007
STr.Biug.&N.y.-lst,78 124
Aloms & Essex- 1st
2d mort.. 1891
Bonds, 7s, 1000
7sof 1871-1901
m
:331a
115
tllO
122 Hi
1801
113>4
ext.,7s, 1891 tll3
coup., 78, '94. «116Hl
reg., 'ts, '94... t...
Ist, Pa. DlT., cu.,'78,1017
•117
Reg.. "78, 191
Alb.
Suaq.- iHt m., '7s 113
"—
4
2d mort.,
78,
1885
108
l8t,con8.,guar.7B,1906
Bar.- lat, coup. 134
Ist mort., reg., 1921 .. 134
.„,
Denv. 4 Rio Or l8t,1900'ill4's
Sens.
4
—
1st, consol., 7s,
Deny. So. P.4 Pac
1910
I
lat , 7a|
"Prices uomljuU.
'75'
ir6Hl|
80
W..'it.L.4P.-ConUnuedTol. 4W.-l8t.oxt.,7s 100
lst,St. L.Div.,79.1«S9
2dniort.,ext., 7s,'03,.
Equlpm't bonds.Ts. '83
ConaoL, conv., 78,1007
I
114
107 Hi
97" 101
06 Hi
115
104
109
03
107
110
Ohio so.— 1st M..
103
ibe"
Weat Ist, 7s, '88. 110014 110
2dmort., 78. 1803.. ;io5=>,
Q. 4 T.-l8t, 7a, 1800 tl06
ibe"
IU.4S.I.— l8t, 78, 1882
100
91^
1023j 103
II8H1 110
liSis
Ban. 4 Naples— 1st, 7s
8t.L.K.C.4N.— R.e.,7B ;io5
1920.
Evans. DIV., 1st,
104
S2
07
90
108
128
—
Collateral trust, 68.
Kana.
Pac— lat, 68,'05
1890
Den.Dlv.,6e,e88'd,'99
latcona., 68, lOlO...
Cent. Br. U. Pac— l8t,6(
Funded coups., 7s, *05.
1st, 69,
Peirce C. 4 O.
7a, 1805..
127
Tex.
ids'
105
1038,
&
Pac— l9t,6a,1005
Consol., 6s, 1905
&
Income
I'd gr., rei
lst.Rioa.Dlv.,68,1930
PennayJsrania
Pa. * ,,| j'uar. 4H>a lat c.
Ke? 1, eil. 1921
Pittefpl! W.& Ch.—letm
2d mort., 7a, 1912
3d mort, 78, 1912.
Clov.&Pittsb.- Con8.,8.f
4th mort., 63, 1892
Col. Ch.4 1. C— lat, cona
2d con., 7b, 1900
lat, Tr't Co. ctfa., ass'd
2d, Tr't Co. ctfa., aaa'd
l8t,Tr*t Co.ctfs.,8upnl.
St.L.V.&T.H.— lst,g.,76
2d mort.. 78, 1808
2d m..guar.. 7s, 1808.
Plts.B'd.&1l.-l8t,68,1011
Rome \V.40g.— Con.,
l'26i<
105
1900, reg
117
N. W. Telegr»ph-78. 1904
Spring Val. W; w.— lat, 68
Oregon RR.4NaT.— l8t,6s 105 "s
INCOME BONDS.
105 Hi
110 111
4 Pac—
103'', 105
Central of N. J.— 1008....
H6HiUl6=>4 Chic.St.L.4N.O.— 2d,1907
tl06
109 Hi
100
108 Hi
103
tlOO
123
110
110
108 'a
103 Hi
Col.Chlc.4I.C.-Inc.7s,'90
Cent.Ia.— Conp.deb.certs.
ChicSt.P.4M.-L.g.inc6fl
Chic 4 E. IIL— Inc., 1907
Des M&Ft.D.— lst,Inc..68
E.r.Va.40.— Inc..6s,1031
07 Hi
84
104
10?
I
Q'
BavW.4 8t.P.-'2d,IUC.
Inc.,
33
t
i60
too
too
90
54
t
4
""
91
1«
e«
69
60
HS
t
t
42
45
46
72
41
76
43
45=,
99
86
t
......
50
;23
60
23 Hi
J'20
Xiscellaiieons List
Stock
102
Mount.— Ist 115 117
7s, 1807
lOOM 109^
t.
99
64
64
475
4th pref. debentures
Car. Central-lat, 6s, 1923
Cent. Oa.— Consol. m., 78.
100
100
.
.
C—
t
5514
(Broker'* Quntationt.)
1900
St. LoiiIb
.... .
70
1
N.V.LakeE.4W.— lnc.6s.
2d mort.,
Stock
Arkanaas Br.— lat mort. 109
Cln.Ind.St. L.4 C.-lBt,6s
Cairo 4 Fulton- latm.. 100
i09>« aalv.H.4 Hen.-76.g.,'71
Cairo Ark. 4 T.— latm. 108 >4
Oeorgla Railroad— 7s
'85
Geu.c.r'y4 l.g.,5a,1031
6s
Iowa Ex.— 1st, 78, 1909. tlllHl
St.L.Alton4 'f.H.-latra. il6'
Kansas 4 Neb.— 1st mort..
130
2rt mort 78, 1801 ......
106
2d mort., pref., 7a, 1804.
2d mort
8'thw. Ex.— Ist, 78,1010 108
99.11 101
2d mort.. income, 78, '94
Long Island— 1st mort..
138
Pac. Ex.— 1st, «s, 1921.
Bellcvllle4s.lll.— lat m. 122
123
98
2d mort
Mo. K. 4 T.-(icn.,con., 6s 82 19 82 S4 8t.P.Minn.4 Man.— lBt,7a 109 110
Memph.4Char.— Ist.cons.
Cons., assented, 1904.6. 103 Hi
IO5I4 105\
2d mort.. 68, 1000
1st, consol., Tenn. lien..
2d mort., income, 1011..
693,
Dakota Ext.—68, 1910 tl05 107
Miss. Central— Isl m., 7e.
125
H. 4 Cent. Mo.— lst,'90. 108
St. P. 4 Dul.— l8t,5s,1931 1100
2d mort.. 8s
106
.Mobile 4 o.— Now m., 6s.
80. Car'a R'y- lst,68,19'20 t9U
ioo'
N. O. 4 Jackson- 1st, 8a.
CoUat. Trust, 6s, 1892. ioi"
2d, 6s, lO'il
Certtllcate. 2d mort.. 8*.
92
?.
Morgan's La.4Te.x,l8t,es
N.Y.4G'nw'd L.— lst,78,o
Tex.Cen.— l8t,s.f.,7s, 1009 tl07>« 108
Na*b.Chat4 SLL— 1st, 7s iisi. 11514 Tol. Del. 4 Bur.— Main. 6s
2d mort
04
118
2d,6«, 1901
Northea8t.,8.C.— Istm. ,8s
l8t. Dart. Div., 68, 1910
90
N. y. Central— 68, 1883 ..
02 '( 103 Hi
Ist, Ter'l trust, 68, 1010
2d mort., 88
68,1887
W. St. L. 4 P.— oen. m., 68 86\ 87», St. Joseph 4 Pac—1st m.
t:o8
6s, real eaute, 1883
Chic. Div.— 58, 1910
2d mort
86 >t 86
;102H)
6s, snbscnptlon, 1883.. U02H>
Hav. Div.—68, 1910
St. Jim. 4 Weat'n—Stock.
95
129
N. Y. C. 4 B.— lstm.,cp. 134 134 Hi
Soiithw. Oa Conv. 7s, '86
ToLP.4W.-lst. 78,1917
112
1st mort., reg., 1903 .. )134
Stock
Iowa Div.— 6s, 1921
:93
Hods. R.— 7s,2d. s. f.,'86 110
Tex. 4 St. L.-lst, 6S.1910
iDd'iwIia Div
6s, 1921.
Cmada 80.— 1st, Int. gn. 04 >4 95
1st. 7«...
Western. N.
115Vi
Detroit Div.-68, 1921.
Harlem— Isi m., 78, cp.
10414
Cairo Dlv.-5a, 1931. ... )
00
wis.Cent.— 1st series, new
13S
let mort., 7s, reg.,190C tVii'
Wabaeh-Moit. 7» of 09
104
2d series, new
Aii4 accrued Interest,
68
40
Roch.4 Pitt.-l9t,6s,1021 100
Va. State- New 10403...
Rlch.4AU'g.— lst,78,lfl'20 04\ 04 '( Atl. 4 Gulf- Con8ol.7a,'07 1108
Rich.4Danv.— Cons.g.. Os. 104^1 106
Atl.4 Charlotte— lat, 7s.. 109
98
Atl. 4Ch.— lst,p.,7a,1807
Income, 68
Scioto Val.— 1st. cons., 7a.
08
105
63
Eliz.C.4No.— 2dlnc.,1970
104 Hi N.Y.P.4 O.— l8tlnc.ac.5-7
105
N.O. M.4 Tex.— Deb.scrin
ioi" Ohio Cent.— Income, 1920
t....,
69 <a 70
MIn'IDiv.-Inc 78,1921
84=4 84 '1 Ohio So.-2d Inc. 68,1921
0gden8b.4L.C.— lnc.1020
(98
901a Peoria IX 4 Ev.— iBcomes
OS
Evansv. Div.— Iiw.,1920
137
I3OH1 Roch. 4 Pitts.— Inc., 1921
1321a
S. Caro.R'y.— lnc.,Gs.l031
U30 isi' St. Louis I. Mt. 4 So.—
127
128
l8t, 78, pret., int. accum.
2d, 6s, int. acc'mulatlve
130
St'gl.4R'y-Sor.B.,lnc.'94
Plain Income 68, 1896..
118
Sterling Mtu. R'ylnc.,'95
118
St.L.A.4T.H.-Div. b'nds
118
Tol.Del.4 B.— Inc.68,1910
115
Dayton Div.— 68, 1910
Tei.4St.L.-L.g.,lnc.l920
lat.
101
UOO
UOO
Truat Co. certiflcatCB. ..
100=1
123
117H, 118
(Interest payable if earned.)
Ala. Cent.— Inc. 68, 1018.
Atl.
Inc., 1010..
Mo.— latm 104
RR—
102
99
120
Ind.BI.4West.— IUC..1919
Ind 8 Dec.4Spr'd— 2d inc.
98
Atch.C.4P.-.l8t,03,1905
Trust Co. certificates...
Voo'
At. Jew. C0.4W.— let,
Int. & Ot. North.- 2d Inc.
is
Utah So.— Gen., 78, 1000
106
2d assented, Gs, 1909....
Extens'n, lat, 78, 1009 100
Lehigh 4 W.B.Coal— 1888
Mo. Pac— lat consol., 6s 100=4 100', Lake E. 4\V.— Inc. 78, '99
3d mortgage, 78, 1906. 111 111^
Sand'ky Div.— Inc., 1920
Pacific of Mo.— 1st. 68 .. 106
I.af.B1.4Mun.— Inc.78, '09
110
2d mort., 7a, 1891
Mil. L. S. 4 W.— Incomes.
St. L.4 S.F.— 2d, 6s, cl.A ilOOHi
Mob.4 O.—1st pretdebeu.
80
3-6s, class C, 1906
2d pref. debentarea
00
3-68, class B, 1906
3d pref. debentnxes
Equipment,
100
t'.'.'.'.
7a.
coup.
1133. 114
Sinkiug funds, 88, '93 122
Registered 8s, 1803
So. Paciflc of
101
105
lOOHi
57
9IH1
iW
Union Pacific— latmort.
Land granta. 7s, '87.9. 1141;
130
130
20
90
San Joaquin Branch. 109
Cal.4 0repon— latra.
103
State Aid bond8,78,'84
Land grant bou.ls, 68.
West. Pac. Bonds, 6s
So. Pac. of Cal.— 1st, 63
88..
WeatC. Tel.— 1000,
68, lO'iO
Pac KRs.-C.Pac— 0.,6a
latra., 63,
90
80
69. 1021.
Br.— 1st,
No. Missouri— lat,
St. Cha.8.
».
Panama— S.F. 8ub.68,1807
Peona Dec. 4 Ev.— lat. 6a 104
us
110
Ora.Div.— lat mort., 7s tll2Hl 113
Clarinda Br.-Oa, 1919
100
123
Oregon4Cal.— lst,08,1021
110
107
t
Ot.
.
lstm.,con801., guar..7a
7s,
'
,
Del.AB.C— lauu.i7s,1884 106
1st mort,
1st mort.,
let mort.,
Istmort.,
68,
Istni., Ter'l Tr., 6s, 10'20
Ist Min'l Div.— 68. 1921
I
!
s. f.
116
1st m., Springfield Div.
Ohio Cent.— 1st,
"os"
Vol'
1st mort., 3.4-5-63, 1900
2d mort., 3-4 5-68, lOOO.
Indianap.D 48pr.— l8t,78
2d, 5s, 1011
Ohio 4 Jlias.- Consol.
ConsoUilated 78, 1808...
2d consolidated, 78,1911
Ind.Bl.&W.-lst,iiref.,7t
125
68,
N. Pac— C>.l.gr.,lstcon.68
Regiatered 6s, 1021
N. O. Pac-l8t,69,g.,1020
107 H)
107
Onll Col. & 8. F6-78, 1009
Han. 4 St. Jos.— 8s, couv 100 Hi
107
ConsoUdated 68, 1911..
Honston 4 Texas Cent
111
Istmort., 1. gr., 78
let mort., West. Div., 78 107 Hi 107 'a
Ist mort., Waco & N., 7s till
i25
2d, cousol.,main line, 8s
2d, Waco & N., 8a. 1015
t
Gen. mort., 6s, 1921
lU.Cent.— Dnb.4 S. C, Ist
Dub. & S. C, 2d Div., 76 115
115
Ced. F. 4 Minn.— l8t m
Joliet d: (;taicago— latm.
La.
Mo.— l8t m., guar. tllS
,
[Nevada Cent.— Ist m.,
12084
Buf. &S.W.— 51.. 8,1008 100
95
Et. 4 T. H.— 1st cons.. 68
Fl't4P. Marq.— sr.68,1 021 110
Oal.Har.4 S. Anfo— l8t,6s 103
2a mort., 78, 1905 ....
104
81»t
& Alton— l8t m..
Sinking
Ist, consol., fd. cp., 78.
2d, consol., fd. cp., 5s.
O.— Pur. m'y (.1. tiia
68, gold, series A, 1008.
6», golil, ser. B, Int. ilet.
68, currency. Int. det ...
Istm., 03,1005
Long Dock boiid3,7s. 'i»3 ni6
BnlfN.Y.AE.— l8t,1916 123H|
105
Central Iowa— Ist, 7». '99 nil
Char. Col.
Aug.— Ist. 7s 1106
Ist, 78. lilOU
l'r.rii.Us.'95
N.— «eu.,6a,1010
,N.Y.& New Eug.— lat, 78
EUz.C.AN.—S.F..deb.c.8s
—
KloVd
'N.Y.Pa.itO..
N. Y.C.4
Stnrh Exchange Pricf9.)
Atcii. T. i« IS. io »..j.li.-.'u
Atl'c .t IMc.-lst.iis. 1010
Bnlt i\:0.— 1st, 6s, rik.Hr.
Bi.st. H.
E.— l8t iiiort..
iN. Y.
78
Ala. Central-lat, 68, 1918
/
9II8CEM.AN-EOU!« SECVRITIEM.
ni5
No pnoe Frid^r—Uteso are latest quouUous mad* Utis week.
81
95
lis
126
1102
82 Hi
1123
1108
85
37
113
108
110
113
101
107
nr7
lis
SO
11
136
116
89
33
13
40 Hi
110
109 Hi
99 Hi
82^
100
118
ioi"
90
135
110
87
31
116
113
114
lis
lOS
110
110
120
6S
14
91
38
14^
120
76
85
78
48
80
49
. .
. .
.
.
-
)
.
.
-.
..
.
. ..
——
Quotations
Local SecnritlcB.
iBsnrBDce Stock List.
Bank Stock
Boston, PUiladelphia and Baltimore.
III
S.
Catawlssa
BOSTO.\.
chat. m..lOe, '88
new 7s
mv
100
100
Am. Exchange
Bowery
••;
Broadway....
Butchers' & DrovTs
—
Cbaae
Clinton
Chemical
100
Cltliens'
100
Columbia
Commercial
29
Commerce
Com
—
.100
100
100
25
25
100
Farragut
Firemen's .. .......
Firemen's Trust...
. .
..
tv.ntlnental
Eagle
Exchange
Bast River
Eleventh Ward'
.
Fifth
Fifth Avenue*
First
Gallatin
Franklin* Bmp..
German-American
Oermania
122H
80
50
75
100
100
25
•
German American*
German Exchange*Germania*
Greenwich*
50
50
Irving
iBlanttCity*....;....
Howard
;.:•,::
& Tr'd'ra
Importers'
lrvin«
JefTerson
i«6
;;;•,
25
60
25
-.45
Mercantile
Merchants'
Merchants' Exch'ge
100
119
128
95
Lorllliird
167
Mechanics' (B'klyn)
Mercantile
•{
Merchants'
Montauk (Brooklyn)
Nassau (Brooklyn)
National
Nassau*
100
100
100
100
K. Y. Nat'l Exch'ge.
100
Murray
Hill*
New York
New Yorlt County..
Sinth
..:...
North America*
North Uiver*
I
ibo
Lenox
Long Island
iCO
Paclflo*
—
Phentx
Produce*
Republic
Nicholas
Seventh Ward
100
100
New
York.
....
Third
Tradesmen's
Union
United States
West Side*...
130
100
Standard
Star
Sterling
ISO
105
198
120
185
112
160
7.)
75
140
115
55'
100
100
Stuy vesant
40
SO
100
100
Tradesmen's
United States
Westchester
Williamsburg City.
1
10
12s
115
50
25'J
i
Boston
315,000 A.*(>.
1,850.000 F.«A.
750,000 .I.*J.
4,000,000 .I.*J.
2,500,000 V1.4S
1,000,000 F.ft
5,000,000 Quar.
1,000 1,000,000 F.* A.
25 1,000,000 Var
50
20
50
100
500
100
„,.
Manhattan
j,.?.
Bsetrfinolitan..
bonds
i
bonds
do
(
A
Va'.
700,000 M.ftN.
100 4,000,000 M.&N.
10 1.000,000 J. ft .J.
Hew 7ork
People's
Var.
Var.
25 2,000,000
20 1,200,000
Co fBklyn)
Janev Cltv A Boboken
do
&
Cin. Sandusky
Concord
-
.
,
SO
•..::
Fltohburg......
FllntSPere^Mar,..^.....^
. .
Ont.. prel..
J
!pitts.Cln.*St. L. 78, cou.,
Northern of N. Hampalllr,..,
Norwich 4 Worcester ....
Ogdensb. * L. Champlalu
prei.
do
Brooklyn)
Bond!
1,000
5
?«
,s
1898
Feb.,
25'-<
3
.6
7
Feb
Sept., '81
104
60
90
««
1882
Nov., '81 124
.)an.. '76 30
1897
105
1900 4c 90
.luly, '80 60
3«
125,000 Var.
466,000 F.* A.
'8!
6
Var.
60
50
1,000,000 Quar,
O.-t.. '81
1,000
1,000,000
1900
101
Jan., '82 80
Dec.^ '81 205
Munlrlpai
100 1,000,000
100 3.000,000
do
fbondB
Fnl ton Municipal
100
A.ftO. i^
M.*N
750.000 Itf'.&N
,
1,60..J,000
3
«
65
188fS
lO.i
1
1
70
1
lOOH
9f.
it>
*
Camden ft
35
107
93
70
78
IM
65
2!0
110
1....
[Quotations by H. L. Graht, Broker, 14S Broadway.]
I....'
Atlantic.
—
pref
do
do
Catawlssa
pref.....
do
new pref
do
Delaware
« Bound Brook...
BAIiTIi^lORK.
Bast Pennsylvania
Maryland 68, defense, J. ft J..
68, exempt, 1S87
do
6s, 189(1, quarterly..
"do
do
Lancaster.
...
Ear P. Mt. Joy*
58, quarlerly
do
16
Huntingdon ft Broad Top...
68, lS84. quarterly.
Baltimore
29
do pref.
J
-J.ft
do
68,;8S6,
do
62
62M
Lehigh Valley
do 68, 1891), quarlerly.
56
Little Schuylkill
do 6s,park,lS9(i.Q.-M.
61
Mlnchlll
do 6a, 1893,M.i8...^
b^^ ....
Nesquehonlng Valley
do 6s,exempt,'J!j,M.&B
IU6
105H
Norristown
do 68,1900, Q -J.Norfolk & Western, pref
do 68,1902, J-*Jcom...
d'j
do
do Ss, 1916. new ...
B5
64
Pennsylvania
North
Norfolk water, 88
61981
OJW BJ!
Pennsylvante
BAILHOAD srooKS. 1 ar.
'
Elmira
ft
Wllliamsport..
do
100
900.000 J. ft J.I
let mortgage
1,000
694,IXK) J. 4 J.
Broadway 4 Seventh Av.— St'k
100 2,100,000 Q-J.
Ist mortgage
1,000 1,500,000 I.ftD.
Brooklyn City— Stock
10 2,000,000 Q-F.
Ist mortgage.
1,000
300,000 .M.ftN
Broiidway (Brooklyn)— Stock
100
200.000 Q-.lBrooklyn Crosstown-— St'k
100
400,000 g.-J.'
1st mortgage bonds
1,000
800.000 J. ft J.
Bushwlck Av- (B'klyn)— Stock
100
500.000 J. ft J.
Central Pk. N- 4 E. Kiv.—Stock
100 1,800,000 Q-J.
-
-
.
Consolidated mort- bonds
1,000
Christopher 4 'renth St.— Stock
100
Bond.4
mortgage, consolidated
Avenue Stock
—
Blghtli
m
..
,200,000
.)
74 u.
660,0110 F.4A.
J.
250,IKK) J.
1,000
Dry Dock E.B.4natt'ry— Stock
Ist
1
100
1,200,000
300*0
900,000
100
1,000,000
4
Q-F.
J74D.
Q-J.
203,000 J. 4 J.
4Sd St. 4 Grand St. Ferry— St'k
100
748,000 M.4N
Ist mortgngo
1,000
236.000 A.
Central Cross Town—Stock 100
600,000
Ist mortgage
1,000
200,000 M.4N
Honst- West 8t-4 Pav.F'y-St'k
100
280.000
1st mortgage
600
600,000 J. * JBacond Avenue— Stock
100 1,199,500 J. 4 J.
Mmortcage
1,000
150,000 A-40.
Opiuol. convertible
1,000 1,030,000 M.4N
Hzt«nsion
SOO*c
200,000 M. 4 8.
Btxth Avenue—Stock
100
750,000 M.*N.
Ist mortgage
1,000
500.000 .r. 4 J.
Tbird Avenue—Stock
100 2,000,000
F.
1st mortgage
1,000 2,000,000lj.4 J.
Twenty-third Street— Stock
100
«00,000|F. *A.
1st mortgage
T.ooo
250.000fM.ft N
1st
(
1,000
trtoiiKe
40
H
7
Jan..
J'ly.l90i,-|il3
115
2>t Jan., '-2,147
7 iJnne '81*104
155
Sh
"
210
110
Feb.,
Nov.,
'(-2
200
'8
102
Jan.. 'P3 170
18 J3
1888
15'.)
i
102
Jsn., '82 120
Js"., '32 1S5
D.-C.IH02 118
Feb., '82. 95
1898
100
irUf Mlnmn Uiowi
last dlvtdend
on
stocto,
106
180
170
105
125
141
11
I
102
110
Feb., '82 230
.Tune, '9311 15
.
.
.
—
pvef..
Jan., '81
Nov., '81
Apr., '93
115
70
Nov.iiioj
110
July. '94
Jan., 82
MO
151
Apr., '85
Oct. '80 109
Sept. "'8:1t 145
Oct., '81 260
July, •M 110
1
Feu.
'82
Feb ,'81 160
May -n no
Phllaffelpbla* Erie
Pnllartelphla* Itesdlng
<
Plttsb. Cin.
llj
116
155
1:5
but Mie i»Xe of maturity bonOi.
32
3154
*
St.
Louis,
WestJersey
West Jersey 4 Atlantic
CANAL STOCKS.
do
....
18J
23
m. 68, '-I?..
t,..uap,':);
>.(••.
t
'.17
122
117
li9
120
1205i
121M
127
195
124
200
46
47
CO
120
,
do
Wash. Branch. 100 >200
do
6
10
Br..S(i
Parkersb'g
do
50 4«j« 5 a
Northern Central.
12
im
5(
Western Maryland
Northern centra 68^
...:.0
10
36
103W ,107
100
107
103
'ui
Per share.
5. J^^.I1.05
w
10«
iit
108
120
do 68,gld,mH), J-4J.|113« njx
112
Cen. Ohio es' ist in.,'9o;M.& >-h]0
,
.
ions., 6 p. 1
RlirMnCTfon t^n. «o
In detault.
«
107
108
114J< 116
114
^Pltt8b.*ConneirBv.,s,'98,.
105
mort. 68. '65
ISJilW
Cam. 4 Atl. 1st m. 78. g.. 1<;93
do 2d m. cur. 78, tt'7y. i05 1..'.
•
100
107M
JJO.
Bait, ft Ohio 6s, 1S35,A ftO.
.N. W. Va. 3d ™-,f'»'J-,S-i"'*'',li2n
*.120
Belvldere Dela. 1st m.,6s,l»(U. 118
do
2d m.«8. '8.i.. 107
Gam. A
I*
107
ft CO nellsvUle...
aAlLROAD BONDS.
„
do
^
Ist i)rtf
2d iSref...-.-.
1035J
1C7
Plttsbu g
pruf..
3d
Bait.* Ohio....
186H Central Ohio, common.
RAILBOAD BONDS.
Allegheny Val..73-108.i896.. 120V<
78,E.ext.,191llii|,
do
Inc. 78, end., '94.1 55
do
do
do
mi
108
.
com
Bl.Paulft DuluthK.U.Com
do pref
do
United N.J. Companies
West Chaster consol. pref ..
do
270
"^
16.^
18B
Philadelphia* Trenton
Phlla.Wllinlng. & Baltimore
CamdenftAm.L
200
luly, '901119
!
Lehigh Navigation
Pennsylvania
Schuylkill Navigation
Jan., '82 200
-
Q—
27«
21
'c2i
nm
,
-
Bleecker St- * F ult- Ferry—St 'k
91
108
Del.. 1st m., «8, 1886
84
Lehigh Naviga.m.,6a, reg.,,'9.
117
do mort. BR., rg
do cons.in.78, rg.,l9I'
Morris, boat loan, reg., lS8j>.
Penn8ylvanla68, COMP -910^ 107
Schnylk. Nav.lst m.es.rg.. 9,^ 91
2d m. 6s. reg., 190.
do
;
pref.
do
125H
1
120
.
istm-6s, cp-,'9b.
do
lstni.7a,'99
do
112H
cona. 68, 1909 ..
do
112
W.Jerseyft Ati.Utm ss, cp.
Western Penn, UK. 68,cp.'93.
6s P. B.,'96.
do
OAMAL BONDS.
Ches.
109
100
105
64
3« Nov.
Warren ft F. ist m. 78, '96
West Chester cons. 7s, '91.
West Jersey 6s, deb. .coup-,
58 nlw',reg-,189i^l9u-2
68,10-15, reg-, 1'T;-'82.
6? 15-20 reg-,>-a8'i-'92.
48 reg-, 1894-1901
Philadelphia, 5s reg. . .... ;
1
05
M.ftN.
37.i,000
.fo
'SiJ
•
j
pref.
do 68,n.,rg.,prlorto
do 48, various
%)>
•••
•
RAILROAD STOOKS.t
,
105
IH
'
,
,
dS
do
Ao
do
•0
">
96
2dm.6s. '.gas.. •*=>
do
m.
78,
St
Erie
;9?._.|
isunbury &
.,._,Gen.4 Corn'.. Ist,, S,1W5,:,.
Isyra,Texas ft I'ac. 1st tn.,68, g.-igoali"'"*
RIO GrandeD.v.. 99
do
wyi
con8.ra.,6e,g..l90o
do
lnc.fti.gr.,78 1915
do
103
Onion ft Tltusv. 1st m. 78. '90.
Dnlted N.J. cons. m. 68, '94.
112
-
.'lan'.;
3
|Stony"creei£i8ti"n.7s
^To'•5's.?;g-',"'iil8^i'-^"'
7>'
iuly,.i'v
5
8
118
60
110
--v
1
.
,
STATE ANB CITY BONDS.
105
--
.
Rutland, preferred.
.
131
121
•
•
ist, 68, 1884.1
1907...
Igteubenv.* Ind.
n«u
[iPI lA.
PHIl^ADKIiPM
iJov., '81 113
Jan., '82 x55
•
I!loh-*Danv-cons.lnt.«s,19:5
Shamokln V-& Pottsv 7s, 19ui
.
.
1S0C-,
7.-.rfg-,l9itii
do
do
I
124W
Portland Saco & Portsmoutl 139
PuUtnan Palace Car
Bid. Ask.
*
•
,PhIl8.Wllm.4Balt-6s.'84....
-
Keverc Beach * Lynn ....
Ve'inont* Massacliusetts
i05>«
5B,'920
Newt'E *N.Y'..l8tin.
Phil.* B. Ist m-6s,ex-due 1910
Phlla.
I
Nahsua* Lov/ell. ...-.----•
Vew York * New England-
90
130
120
260
951(4
US
,
Scott* OuH, pri:f
coram )i!
do
Iowa Falla & Sioux City
Lituc Itock* Fort smith ... 165
Manchester & Lawrence.... 55
.Mar. Hough. * 0,it
111
Wort
-
&
do
1039i
li'lO
do
do
2dm-,78, cp.-'-W.
do
I26X
do cons. m..~s.cp.,19il
do cons.m.iis.g.lKCian
do tinti.m.,6s,g„ C. !«»
100
99Ji
do gen.m.6i, g..C.lvo 97
25
100
do )"h.m.,78,coup.,'.B96.
94
1-93*....
do d 'b. coup
65
ro
do c 3up. off, 1893
90
do scrip, lasi
844,
'.893'
7s,
B.
C,
conv.
do
64
71
7s, coup, off, 9o
do
PhIL&U.Coal&lr"ndeb.7s.M* ••
60
"•'
78. cps.ofl
deb.
do
115
do mort., 78, 1892-3
••
•
girrnSNlwi-aipshiVe)::;
.Mar. lloagh.
Ist m.6?.c«nip.,'8
po
25^1 2aV4
-
4H8....
CO p., 19M
95«
Plill.Wilin.*Ba t.,4»,Tr.ccTtB 114
Phlla. & Erie 2d Ml. 78, cp., 88
cons. mort. 63. 920
do
•
Connecticut River
Conn. & Passnropslc
Connotton Valley
o
loe
105
reg
do
do
Perklomen
U5W
1«3'
.
.
,
,6s.
do
103
Sfo'TW.^S'^v;..
clev
.
53...
(10
Penn. Co
873i
'.'.".'.
Providence.
ft
19W
do
Pennsylv.,gen.m.6s,cp..l9i0 }^i
gen. m.6s,rg.,1910. 'f8
do
il7>i
c5n8.m.6s.rg.,1905.
rg.,1905 I'^i
cons.m.es,
do
con8.m.6s,cp., 1905.
do
168!4
Wlsconaln Central
DaU.
Por. Amount. Period
1,000
MMuai.N.
'
:
Boston* Albany
Boston 4 Lower
Boston* Maine
oy ueorge H. Prentiss. Broker, 17 Wall Street.
©AS COMPANIB8.
H»rlem
:
Worcester* Nashua
Quouuona
Citizens 'Oaa
I
do
3T0CKS.
Atchlfon diTopeka
Oa« and Oltr Railroad Stocks aad Bonds.
(Gas
I
Vermont & Mass. KR.- 68...
Vermont & Canada, new Ss
80
80
193
110
210
1S9
190
1)6
155
85
85
155
125
90
65
75
.
91
6b, cp.,'85. 103
•_
Valley,
Rutland 6s,l8tmort..........
125
25
25
25
,122
6s,ip.,ll)j3
do
Little Schuylkill, iPt in.7s,'f2
N. O.Pac, Ut m.. 6s, IKiO
.
•
Pueblo* Ark.
IllO
I
18
. ....
OldColony.lB
•
Old Colony, 6s..........".18...
80
V23
118
160
120
140
70
70
20
50
50
60
100
25
50
100
Republic...
Rutgers'
12m
no
35
Krle 78.
,
t45
155
371^
Gulf
m.
.
1..0
70
117
&
•
SO
113
.
doreg.,189S... 121M 122)<
....
78, reg., 1910.. 134
con. m.,68,rg., 1943 l*.
2.1
•
110
65
136
1J5
90
108>i 109
lA*
70
150
210
60
116
75
105
60
120
93
140
100
Park
Peter Cooper
Kelief
Blxth
State of
65
70
do
do
do
do
87
•
.
,
,
io»
**.,
.
dartf ord &
North. Penn. 1st m.
so. 48.
2dm.1s,cp..'»6.
K. City Lawrence &
do
115
IS.
KuH City.St. Jo.&O.H.7s,l8t
do gen. m.7e, cp.,lW3.
llOH lU)t
smith,
Ft.
Little
do gen.m.7s,reg.,"^'- 105 is«»
is.....-...Mexican Central,
do new loan ts.reg
102M 103i«
New York & New Bng. 6i
JNorf'k& West., gen- ni.,6».l!.31 101
102
'^
no
„
Oil Creek ist m. 78, coup., 8;.
.'--Pac.
so&
97
.'» 94
New Mexico Lalte
flttsb- Tltusv. & H., 7s, cp.,"*
Ogdensburg &
'^"''jjj|,
Scrip
do
KK.7s.lS96.
Pa.SN.Y.C.i
70
130
153
85
132
115
100
25
25
Phenix
Shoe and Leather.
125
300
100
100
100
50
People's
100
100
100
....
120
370
83
120
160
70
.
^8
Fort Scott
1
155
Paciflo
102
160
1
Niagara
North Kiver
25
20
50
100
100
People's*
h91
156
25
50
50
50
New York Egmtable
New York Fire
New York & Boston
New York City
100
70
94
145
l»0
53
108
t5
RR.,5«
do
112
120
SO
20
40
50
n * raasumpslc,
i'ltchbtirg
90
100
100
Manhattan
Mech. & Traders'..
I
100
Park
..
93
125
143
•
104
.
;
105
uc
61
r-*
Ccnnott.n Valey.ls
lastorn, Mass., 4,4s, new.
105
115
185
I
7a...
Nebr.48....
Chicago Burl. & Qul"?y|';
,,1
123K
Br., 1st, 7s. 1905
Harrlsburg let mor+.tis, '8:1... 102{^]103
H. & B. T. I8t m. 7b. gol«, '90.
90
cons. m. 5s, 1S95
o
Ithaca* Athens Ist g d, }s.,'iW
Junction let mort,. 6h, '82. ..
115
120
10
2d mort. 6s, 191X)
,
Lehigh Valley, I8t,0s,cp.. 1898 152
,
Mo., land grant
Nebr. 68
do
Nebr.es
io
&
do
250
240
83
25
50
25
,
(B'klyn)
..••••
Manulao'rs'* Build.
25
50
Oriental*
gt.
Kings County (Bkn.)
Knickerbocker ......
Lafayette (Br'klyn).
liamar
Xl35
50
50
100
100
Mount Morris'
,22:)
100
13
50
50
100
50
50
100
100
50
100
100
Metropolitan
40
00
50
25
Leather Manut'trs'
Manhattan*
Marine
Market
Mechanics'
Mechanics' Assoc n.
Mechanics' & Tr'drs'
Metropolis*...
150
100
118
68
do
iurl.
11^5
Home
133
230
131
100
160
U'5
93
240
Hanover
HoiTman
100
Hanover
Imp. and Traders'..
!50
!20
140
Globe
Greenwich
Guardian
Hamilton
168
225
aoo
200
& Bound
EastPcun. ist mort. 78,
E1.& W'msport, let m.,78,'80.
58,perp
do
Ebston & Am'ooy, 5?
dosionoi Albany 78
68
do
doston & Lowell 78
no
175
19U
Del.
8oston& Maine 78
135
100
30
50
100
100
30
50
17
10
100
100
50
Empire City
Exchange
100
100
100
Fourth
Fulton
25
25
17
20
70
City
25
Chatham
10«
Citizens'
100
100
Central
Continental
Ask.
145
lOJ
210
50
American
American Exchange
Bowery
Broadway
Brooklyn
100
America*
aty
68, 1900-19W
Chartlers Val-,lstm.7s.C-,190;
Delaware mort-. 68, varloUB..
do
Attotlc&Paclft-.es.^.^^..
Par.
COMPANIES.
BM.\ Ask.
nea
Connecting
land Inc. is.
Uarlttd tliiM (*) are
not ATottonai.
.4sli
1st, 78, ccnv., 'S2.
„ch.*Topekalstm.7s_^^^^
COUPANIKS.
Bid.
sBOnBITIKS.
SKCDHITIBS.
BAH-E-r, Broker,
[Quotations by E.
^
No. 7 Pine Street.]
L.iM<
XXXIV.
[Vol.
THE (JHEONKJLE.
New Tork
.
.
.
....
15
W- Md- 68, 1st m.,gr-,'90,J-&J.i,108
no
do 1st m-,i8«,j.*. ...
do 2dm.,guar,J.&J....'l'3 JJlo
do 2d m.,pref
lVo**iiiI
n4
do 2dm.,gr.by W.C.i..I«J 112
120
...
do 68.3dm., guar. J.& J.
ft Cin. 7s, 'US. K. i A •25.^, ;,'•„'»
2d,M.ftN
do
ll"2^1'JiS.,3.t,J..t J...... 18X1 »8>«
do
Mar.
UnlonKR.
d.T
IH,
.
T>
16
»rii'<r.,.l.ftJ.
M , ii 'orscd
116
I
Consolidated Gas
hnn<1«_
l>n
I
'
S7Wl'37M
87H
—
—
—
.
PHBnUAHT n, IWa.
Rallrond RiirnlnTS—Thu latoHt railroad eamingH and the
from .lamiary 1 to latent date are given below. The
iitat«nit*iit iiu-ltidt'M th» KroiM earniagH of ail railroads from
which returns nan be obtained. The eulamns ander the heading "January 1 to iateit date" faraliih the i^rosi earnings from
January 1 to, and inoiudin^, the period mentioned in the
8e«ond oolamn:
Laiai tarningt reporttd.
—
.
-Jan. 1
to
lata! ttale^
1881.
WetkorMn.
1882.
1891.
4tliwkJitu
$78,600
Cairo A Rt. Ix)iiIh.3iI wk .litn.
Oout.nr.Uii. Piic.4tli wk Jiui
OeiuruL l'iu^ini'...,Iiiiiu»ry. ..
OhIuaKO >V .\ltoii .4th wk .(nii
Ohio. A Kant. Ill .4tU wk Jiiii
Chlo.AU.Trk.Wk.i'iul.Jaii. 28
7.71»:»
955,534
7.756
20.467
$252,823
'" "~
23.168
85,074
$107,750
^
'"
22.967
60,657
1.602,907
1.1'.!. 1^4
133,555
40.!> 4
34.671
1,870,000
579,447
149,588
115,549
1.788,000
1,620,336
272.600
1,602.907
Bar.C.Rap.A No
2;.i!l!J
1882.
S7(i.(iiK)
31.8(1.')
24.826
177,071
Chlc.Mll.A8t. F.lHtwk fob 35J.IK>0
Ohio, ft Northw...Iainiary... 1,020,336 1,240,667
340,220
Chic. 8t.I>.AN.O. January... 272.1100
30.648
73.7:11
Chl.8t.l'..MIn&0..1«t wk Fell
182.523
Clu.lnil.Hl.l-.AC.Jauimrv... 200,012
87,750
Cluciniiatl 'loiith :i wk» Jan. 12a.7ti6
ClPV.Akroiiitrm.lthwk Jan
10.131
Col. Hnck.V. ft T.. January...
Ucuverft RloOr iHtwk F«l)
DeaU.J(Kt.Do<l>;e.3il wk Jan.
211.167
100.4S4
Det. Lana. ftNo..2(I
wk Jan.
I>ubuquoft8.aty.4thwk Jan
Ka«tTenn.V. AG.:i wksJan.
FUnt* lVro,Mar.4lli wk Jan
ar'tW«wtein.Wk.<MiitJan.27
aannlbalft8t.Jo.2awk Jan.
DUoolsCen. (Ill.).Janiiurv...
Do
(fowa) January...
•tudlana HI. ft W.4thwk J«Q
Int.ftUt. North. .4th wkJau
Iowa Central
Jannarv...
S,<I3S
2J.:i85
2.'S,.'>44
167.612
52.273
Sl.228
32.827
580.730
117.443
55.832
73.423
87.307
41..S01
Lake Krieft Weat.lthwk Jau
28.214
bom: l.^ilanrt
4thwkJ:in
UiuiBV. ,v Na8hT.4th wk Jan 308.245
35,768
Uoiup. A Chan. . .4th wk Jan
Meiup. I'ad. A No.3(l wk Jan.
MU.I.. Sh.ft West. l3twk Feb
Minn A
8t.
Louis 4lh
wk Jau
Kaiis. ATcx.lthwk Jiiu
Ml8.sonri I'acillc .4tli wk Jan
Mo.
3.626
16.133
32.151
132.!)!I8
181.795
Mobile A Oluo... January... 161.433
Northern PaeiHc .January... 239,800
57 099
N. Y. A N. Eni,-l-.l.3.1 wk Jan.
Norfolk AWest... January... 133.847
23.882
Ohio Central
4th wk Jan
9.182
Ohio Southern.... 4th wk Jan
Orffi'nU.Nav.Co. January... 392.500
Pad. AEli»abetht.3<l wk Jail.
Peoria U»<^. A l<:v.4lhwk Jan
et.l..Alt.AT.H. ..4thwk JiUi
Do
(brcha)..ithwk Jan
8t. L.
Iron Mt.A 8.4th
wk Jan
9,211
21,161
41.-i0.i
23.810
153.331
499.120
129,456
102,373
1,167.918
1,210.667
340,220
297.433
381,22'»
200.012
123,760
32,022
214.167
592.398
24,624
10.744
198,312
76.104
5,S28
19.027
21,754
177,580
40,119
86,660
36,081
511.433
119,823
53,434
182,.523
87.730
32,519
198,312
383,578
18,323
93,204
167.642
166.037
356.166
75,l'29
63.9 17
580.730
147,443
195,824
211.932
87,307
129,066
119,688
950,06a
101,115
11.690
81.728
109,671
400.165
352,675
161.433
239,800
153,362
133.847
5'J,163
66,189
31,936
27.143
273,100
28,034
4,503
6,694
14,336
107.096
147.897
224.346
116,.'503
50.594
164,917
11,453
'an, 1 io
1341581
28,562
40,607
104,.577
71,148
570,95«
263,235
l|!S6.rtl2
BoatA N.Y.Air-L.I>eceinber.
i3,782
64.193
235.585
Carolina Central Doeeiulicr.
Cl>e8.
A
Ohio
Noveinlier.
A Q... November. 1.816.133 1,837,860 19,270,965 18,902.476
93.370
Mich..Ni)veiubcr. 118,420
Fe Ueeember. 140.063
82,063
Houst.E.AW.Tcx. December.
21.841
10.527
165.728
99.843
K. C. Ft. S.A Oulf.Dceember. 152.796 127.340 1,547,239 1,206,724
19,000
14,000
Marq. U. A Uut'u. December.
NashT. Ch. A St.L. December. 173.127 175.996 2.d73".236 2.049.423
NortbemCentral. December. 476.623 494,310 5,443,697 5,050,336
Pennaylvaula ....Dccember.3,731.731 3,547,828 44.124.178 41.260.063
Philadel. 4 Erie.. December. 282,772
281,919 3,454.309 3,727,733
134,217
1,235,377
1,217,756
—Quotations for foreign exchange are as follows,
outside prices being the posted rates of leading bankers
:
Ftbntary
SMy Day$.
10.
Frlme bankers' sterling bills on London. 4 84 «4 85
Prime commercial
4 82>s34 83
Documentary commercial
4 82 «4 82i9
5 20
Paris (francH)
Amsterdam
»5
»
17ifl
40 >«
94llg»
947$
40
(guilders)
Frankfort or Brenien{relchmarks)
Dtmand,
4 8913 34 901a
4 88 '34 88HI
4 87>394 88
5 15 ®5
4038® 4008
95 "83 95 '8
im
—
D. 8. Sub-Treasury. The following table shows the receipts
at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
and payments
Balances.
Reeciptt.
"
"
"
4..
6..
7..
8..
9..
10..
Coin.
1,211,869 39
1,164,102 24
7.754,443 56
5,794,817 8;
899,540 49
$
86 76,148,972 78 4,632,149 52
18 76,490,017 26 4.525,133 87
,5<t
76,865,195 49 4,538,630 04
«l 77,090,896 77 4.583,172 59
4;>
77.602,141 01 4,541,391 25
03 78,074,818 32 4.598,449 13
1,212,100
1,515,062
1,061,585
629,293
739,40 i
637.367
1,279,580 53
1,730,010 92
1,449.339 99
Amorlcun Bxoli..
Oonjmeroe
Broadwar
Mercantile
Paotao
Repnbllo
^orth America..
Hanover
(rvlns
Metropolitan
....
Cttisena*
!f assan
Market
Nicholas
3t.
Ihoe A Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers'
Park
A Tr.,
BkK. Ass'n
Sortli River
Bast River
Courth National,
.VIech.
Central Nat
Second Natlon'l.
Ninth National..
Klrst National.
Third National..
N. Y. Nat. Kxoh..
Bowery National
N. YorkCounty..
'lerm'n Americ'n
Ohase National..
PIfth Avenne...
German Bxoh. ..
(xermania
U.S. Nat
_
Total
fll.l6ii,700 3;8.SBi5.0(Ki 6a.ai9.«00 18..S43,<0,J 318.325.1)0(1
The following
Loans.
t
Inc. t5.S85,300
Deo.
Dec.
Coins.
—The following
are quotations in gold for various
on
». „o
.
Bovertlgna
$4
Napoleons
3
X X Relchmarks. 4
XGuilders
3
Bpan'bDuabloons.l5
Mex. Doubloons.. 13
Fine stiver bars
1
Fine sold bars...
.
IHmea A
>• dliuea.
—
coin!<.
«*. 88
silver >«s and "as. — 99«i» par.
33 9$4
Five francs
— 93 » — 95
83 9 3 88
Mexican dollars.. — 89 « — 90
73 » 4 78
Do
unooramerol. — 87 »
94 9 3 97
88
English silver.... 4 75 » 4 80
65 »15 90
Prus.
sIlT. tbalers. — 67>a» — 70
50. 915 65
14iea 1 14''g U. 8. trade dollars — 99>43 — 99i>g
*«a>sprem. U. 9. allver dollars — 99'8a par
99^93 par
—
I.
;85,700
Netdepusits
i
Inc.
Inc.
Circulation
I
:
(216.500
13.100
VXi.lXKi
are the totals for a series of weeks past:
Specie.
L. TetUUra. Deposits. Ctrcuhuion. Am.
t
61.514,000
T
«
14....81».5!M,000
88..^89.1i00
807.4l.'«.800
iiU.l54,i)00
*
7. ...819,110,400
Otta-.
•
899.500.M0 20,209.000 1001,448,r.8
16.678,800
17.574.800
U72.2ao.U19
" 21....8JI,071,t00 BS,7'M,iO0 18.9003^0 811.99«,I0a 2O.a:)l.!^00 9'5.--t9,5d7
" 28....Sa3.«68,500 68,;W5,a00 151,T!8.«00 .n«,109.40J aO,040.«K) 997.813.310
Feb. 4....3%8.K5'J,0>X> 86,61».9U0 18.313,400 318.3*1.900 •J0.0*),200I0J5,121,IIS
—
Boston Banks. The following are the
banks for a series of weeks past
Loans.
1832
Jan. 123..
"
Feb.
*
SO..
l.Vi.SSl.»0O
8..
153,283.900
Inoludiii)^
7,488,200
7,887,700
7.313,200
the Boston
totals of
Deposits.* Otrctilation.
*
t
32,128300
96.781,900
81.379.300
98.133,400
31,207,500
95.561,800
L. Tenders.
Specie.
S
153.583.200
4.tl89.500
4.888.200
4.677.800
iv3.
Philadelphia Banks. -The
totals of the Philadelphia
are as follows:
Loaiu.
t
74.800.287
75.445.339
76,808.917
Jan. 23
••
30
Feb. 6
Clear
77.886.781
63.987.114
63,097.721
due to other banks.'
the item
L. Tenitrs.
t
IS.120.556
Deposits.
t
65,415.064
65.869.10.1
17.9^1,933
19.93;. 185
70.130.^11
banks
Ago, Ots^
Cireulatiou.
$
11.098.159
11.139.811
11,070.639
4
57.(.0J.il3
51.287.0SS
57.095.226
Unlisted Stocks and llonds.—The following are the prices
of securities that are not "listed" at the Stock Exchange as
quoted at 38 New Street:
Bid. Asked.
Sid. Asked
Am. Cable Constr. Co. 13
Am. Kailway Imp. Co.
Bost. H.
DO
A E.,aew8t'k
39
150
2>9
old
I's
Brush Illumln'g Co ...
Buff.N.Y.A Phlla.suba. 12
Continental Constr.Co. 72
Central Railway Construcfn Co.(D. L.W.) *21
Ciu. A Georgia subs... "34
Denv.A R. Q..W. subs. 90
Do stock
73
2
20
80
24
92>s
Do
Do
2d mort
84
8
103
87
31
27
Mid.RR.orN.J.as8.stk. 25
35
Do
A bonds
14% 16
12
Do
B bonds.... 9
Hex. Nat bonds
55% 57
13
Do stock
13
90
Mutual Un'n Tel. snbs 84
Do
bonds. 68
so'
Do
(took.. 16
100
N.Y. A Scranton Cons. 95
7
North River Const. Co. '6>«
39
30%
pref.. 30<s
com.. 13>4
Do
Do
1st,
ex J'e,'82,cp
N.J. Sonthem
N.Y. Sus.A West,
st'ck
13>s
m
1>«
14>«
12>«
Ocean Nav. A Pier Oo. 1.50
Oregon Imp. Co.lst ex sSHj
69
stock
Do
Oreg. Short Line subs 101
Oreg.'l'rans-Con.pt. pd 70>«
Pons. A Atlantic stock 38
Pitts.
90
69\
101»8
75
40
bd8..xSl
Do
15
A Western
85>8
20
RIc.AAI.AO.Cen.subs.
50 per c«nt paid .... 93
Rioh.A Dan.Ter.r'»8,o, '20
95H
26
new
Do
D»
luteniat. Imp. Co. ex-
bond A stock div.... 80
Iron Steamboat stock . 48 H
Do let mort. bds 83
Ind. Dec. A Sp. com.
6>a
Do n.l8..6a,fnnd.l02
Kan. A Neb. 1st mort. 85
A at. L. subs. *38
N. Y. Cb.
75 is
Den.A R.Q. unl'doon8.1C0>a 101
Denv. A N. Orleans
89
Ediaon Electric L. Co
is"'
Qruud Rikpids A Ind
Hud.Ulv. Contract Co.100% 101
. .
Tdital
20.0^800
from returna of previous week are aa follow^
I'he deviations
I40an9 and discounts
Specie
liCgal tenders
Do bonds
Ourreney.
%
$
Feb.
Payments.
Seventh Ward...
Stateof N. Vork.
1882.
A Si/rlngfleld.
Exchange.
the
Butchera'AUroT.
Maohanles' A Tr
Oreenwlch....
(leather Man'f'ra
••
AS
* Inclndlngr Indianapolis Decatur
Meroh'ntR' Bxoh.
1838
ChlcA W.
nuia. A Reading. Deoember.1,850.889
Bouth Carolina.. .December. 126,061
Chemical
Oallatln Natlon'l
Jan.
Ohio. Burl.
Oull Col.
Tradesmen's....
Fulton
datt-
1881.
Sonthem .December.
PhCBDiX
Oltjf
People's
530.310
388.b81
224.346
116,508
139.154
164.917
42,308
32.050
392,500
29,835
67,735
101,307
64,680
516.370
320,184
395,461
34.206
109,254
310,785
76,078
134.581
9,547
13,723
40.321
23,253
134.180
Meohanlos'
Union.
America
Chatham
50,40;i
90,'<54
H»m York
Manhattan Oo. ..
Verohants
3.39.478
72,162
511.453
119,328
185,650
181.444
66,169
103.179
104.513
816.960
111.842
12.950
45,771
17a
New York City Baakii.—The following autement nhow* tb«
condition of the .^tuto^natt-d KaukM of .>f«w York City for tb«
week ending at the eommwnoetnent of boalnesii oo Feb. 4.
177.580
135.379
.iO.800
63,400
Bt.L.A8aaFran.l8twk Feb
79,716
2,54.187
BtJ.Mlnn.A.Uan.4thwk.Tan 124, .'ill
11,394
7,045
Scioto Valley
wk
20.761
4th
Jan
BouthCarohna. ..January... 109.254 103,988
103,988
91,378
TexaaATa. l(te..4thwk Jan 96.808
281,176
13,201
rol. Delp. A Burl. 4th wk Jan
22,504
46,249
Onion I'acltlo.... January... 1.96 1,088 1,339,799 1,961,088 1,339,799
811,617
Vab.St.L,.APao.4UiwkJan 342,040 239,038 1.229.965
Ala-Qt.
H
:
'
THE CHRONICLE.
1
totalH
.
.
71
exten. stock '65
Iloch.APitU.RR.subs.100
SelmaKomeAD.stoek
2d M., clean
Do
2d.U.Htomp
Do
Do
St. Jo.
St. Jo.
Incomes
A Weetem
A Pacitto IstM
Do
2d
M
—
1
°8
3>a
3\
1%
2>«
1%
13
14'%
89
33
38
Tex.St,l,.RR.»b.,30pd
Texas
»t
Col.
95
Imp
U.S. Electric Ugbt Co.
Vioksb. Mer'noom.et'k
Va. Midland atook
Do income bonds
'
Preminm.
1
....
....
I14''e
H7>fl
....
Dtseoont.
12>9
7S>*
:
:
.
THE CHRONICLE.
174
XXXIV.
[VOL.
1880-81.
%nm$imtnt$
Mail,
The INVB3TOK3' SCPPLBMEXT contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
Railroads and other Companies.
It
Saturday of every other month— viz.,
on the last
February, April, June,
is
publisJied
August, October and December, aad is famished without extra
charge to ail regular subscribers of the Chronicle. Single copies
are sold at ?2 per copy.
Ontario
&
Net earnings
707.500
$583,212
565,704
$217,543
COMl-ARATIVE BALANCE SHEET.
$17,507
Assets.
Sept. 30, 1830.
Cost of road and cnuipnient
Cost of otlier lino8 owned
Cash and demand
lo.ins
Individual accounts
Other railroad comp.iuies
Kails, fuel aLd supplies on hand
Pay
common
stock, preferred
rolls
and accounts unpaid
Other railroad compauies
Profit
and
And from
sales of old
. .
equipment
$1,342,347
increase in the item, 'Cost of other lines owned,'
$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 terminal facilities, it was deemed best by your board to acquire
additional property at Weehawken. As the result of negotiations with the adjacent land owners, the company controls
about 7,000 feet of frontage on the Hudson River and an area of
two hundred and eleven acres lying between the bluff and the
river, with the improvements thereon.
There are also 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 purposes of residence
and business." * * »
" At the date of the last annual meeting the only contracts
for construction which had been! made were for the tunnels aX
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 to rights
of way, particularly along the Hudson River, tlie work was
considerably delayed until late in the summer, and the progress
made up to this date has been less than anticipated. The tunnels 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 hoped the entire line will
be opened for business during the summer."
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,
x^" ?T^® '"5;''°','^ ^? *^® 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
condition that
the companies under the control of this company
should consolidate with it. thus forming a continuous
line from
"* Wee" CO
hawken to Buffalo." * * »
•' Under the
advice of counsel an agreement of consolidation
was prepared, entered into for, and ratified by, the
several
conapames. under which perpetual use of the road
from Middletown to Weehawken is secured to the New York
Ontario &
I^ilway Company for all its traffic, and for
the conJ;,*„^«?n
struction of which road it will receive
$10,000,000 of first mortgage bonds and $2,000,000 of the capital stock of
the v.-.-uovj.
comoI -
St.
289
260.853
5
31,581
Lonis Vandalia
$60,705,274
$58,931,293
& Terre
Haute.
Loss to lessee for 1881
do
do for 1880
19,822
$261,257
The report says "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 mainljr the result of a decrease in the
1881 was 27 55-100 miles, and in
average haul per ton, which
1880, 44 74-100 miles." * * " In the competitive freight traffic
This class of tonthere was a gain in the earnings of $57,710.
nage increased 19 76-100 per cent, with a more than corresponding 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 satisfactory 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."
:
1879-80.
273,778
6,346,667
$281,080
Increase In loss
Increase
Per ct.
326670
52,892
19-3
7 25120<1
904.542
14-3
'='"^e<»---''348,513
255,410
93.103
TSS'm'lSl.^'"
36-5
Ion
miles
10,511,452
13,974,253
5,537,199
39-6
EARNINGS AND EXPENSES.
1880-81.
1879-80.
Passsengers.
$180,151
Freight
$151,292
469,155
377,926
Passengers carried
Paesengcr miles
$56,819,156
2,000,010
75.673
4,877
Oct. 31, 1881, $91,018.
The result to the lessee, in operating the road for the year,
was as follows
$1,376,940
Total expenses
1,095,860
Percentage (70) of earnings allowed therefor
BulaTcrpr/"*"'
and earnings were as follows
$58,113,982
2,000,000
326,20H
3.938
;
dated company.
°^ the double-track raUway between New York
.J.i'\^°'°'
°n®
and Cornwall
including terminals and all aonveniences,
ha^
been provided for un/er conditions which
are just and fab
'" ''^ ^"^ ^'"'^'^ ^^-' «^-« ^'d
traffic
$58,931,293
.Spj;*.
{For the year ending October 31, 1881.)
This road, belonging to the Pennsylvania system, is leased to
the Terre Haute & Indianapolis at 30 per cent of the gross
earnings. During the year ending October 31, 1881. the gross
earnings were $1,565,515 thirty per cent as rental was $469.The year's charges
654, and the total income was lf469,824.
against this sum on interest, taxes and general expenses, were
$349,041, leaving a surplus for the fiscal year of $120,782. This
surplus was applied to suspended taxes for 1873 and 1875, and to
profit
$1,790,203 liquidation, in part, of balance of $201,798 to debit of
$387,793
and loss, October 31, 1880, leaving still to debit of profit and
60,002- 447,855 loss October 31, 1880, leaving still to debit of profit and loss
"The
The
$60,705,274
loss
stock of the company is due to the settlement
of additional claims under the agreement and plan of reorganization, vfhich at the date of the last report were involved in
The increase of $1,342,347 in the "Cost of road and
litigation.
equipment" is accounted for by the additional issue of
$1 ,294,826
Common stock, above mentioued
And t)y cash expended tor new cars, macbine shops and
495,377
maciiinei7, filling trestles, and other peiiu«nent impr'm'ts.
common
Less amount received from assessments on stock.
30,1881.
$50,103,807
2.000.000
0,413,803
138,890
2,669
212,122
Individual accounts
[For the year ending September 30, 1881.)
The report of Mr. E. F. Winslow, President, states that the
operations of the company for the fiscal year ending Sept. 30 show
the net earnings from all sources to be $217,429, an increase
over the previous year of $199,922. The increase of $) ,294,826
in the
$51,506,155
4,865,916
3.591,150
212,900
3.355
525.093
LidbUilics.
Ciipit.al
Western.
1870-SO.
$53,994,
$275,737
$92.5,044
Expenses
Capital stock,
ANNUAL REPORTS.
New York
,
Total
/LND
STATE, CITf AND CORPORATION FINANCES.
i)f
&c
:
m
The following are statistics of traffic and earnings for three
years past prepared for the Chronicle:
EOAD AKD EQDIPMENT.
1878-9.
Maes owned
Locomotives
Passenger, mall
&
158
32
24
529
336
express oars.
Freight cars
Coal and ail other cars
1879-80.
1880-81.
158
29
25
510
373
158
32
25
984
377
OPERATIONS AND FISCAL RESULTS— LESSEE'S IlEPOET.
Operations—
Piissengers carried
305,279
202,126
272,839
Passenger mileage
Rate per passenger per mile
Freight (tons) moved
Freight (tons) mileage
Average rate per ton per mile
12,974,971 17,309,919
19,161.449
2217c.
2i37c.
1,006,031
991,519
879,007
80,424,189 96,544,226 107,089,535
0-9340.
1044c.
0'931c.
2'566i\
Earnings—
Passenger
Freight
Mail, express,
&c
Total gross earnings
Operating expenses—
Maintenance of way, &c
Maintenance of equipment
Trjinsportation expenses
General
424,777
332,942
804,842
100.860
421,880
1,008,033
122,882
1,000..505
1,244,644
1,552,801
1,565,515
322,844
301,393
301,467
24,068
297,908
382,872
400,951
25,052
454,404
442,023
448,588
31.866
140,233
Total operating expenses
Netearnings
INCOME ACCOUNT,
ST.
950,372 1.106,783 1,376,941
188,574
446,018
294,272
LOUIS VANDALIA A TEKRE HAUTE PROPER.
Receipts—
Rental (30 per cent of gross earnings)
Other receipts
Total income
Distyiirsenifnts—
Interest on debt
Taxes
General expenses
Total dlslmrsemcnts
BiUance, sorpius*
*
The
loss to the lessee
1878-9.
1879-80.
1880-81.
373.393
185
465.840
80
469,654
170
373,578
$
314,930
33,423
2.974
465,920
469,824
314,930
28,573
314,930
32,188
3,482
1,924
351,327
346,984
~349,042
t22,251
tll8,936
tl20,T82
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 heen applied to the
debit of profit and loss, which debit had been reduced ou October 31,
1881, to $91,019.
—
FSBBC1.RT U, 1%3
THE CHRONICLE.
J
OKNEBAL OJkLANCE AT CLOSB OF BACK FiaCAL
187S«.
Knllrt'i«ri)iilUUiig».
<;iiMi
hand
(.11
Trrrv
Imoim-
.
...
IniUau.
ncuiiiit
KR.
S.330,lll
OV.i
ll'J.'Jt)^
330,731
1,6S0
20l,71M»
Ol.OlH
l,i>50
S.'iO
8,034,503
8.530.8S3
H, 537,413
2.393,310 2,383.010
1,544.700 1.544.700
4,49«,0OO 4.409.(MM)
92,1!M)
91,875
20,047
135,«72
2.3^3.0in
8.539.333
8.537,413
rent aoet
Ml.<i'«'lliiuc<>us Itciuii
Tnlrtl iiM(-l»
Litltrililirf
St.Mt,
,,-cl
.re
SrrFLBMBNT)
(•,,
i. lie
3.2'J5
—
.I..II
PI,,
r,i
Dm
18H()'fll.
8,333.811
2.060
cnnlpmcut. 4o... 8,33a«09
2.070
A
Ilniili-
YR.VK.
187i)-SO.
H.iutc& Indian.
RR
l„1tl.7(K»
.i.iim.mio
OL'.T.'iO
17,»47
176
DoticA orer $535,000 of stock ha^ been sab^rlb-d and paid for
by the transfer and delivery of stock. boDds and debts of this
company, for which new stock hai been issued. The securltlM
surrendered are not oan(!i*lMd, but are held as the property of
the Portland & Rochester Railroad, as an assurance of its title."
The following have been prepared for the CHBo.ticLB:
1878-79.
1870 HO.
1880-81.
Miles owned
58
52
53
OPEUATIOXa Axn rtscAL besi-lts.
Operalloni PnH-tcnuors enrrlixl
Ficlttbt (tons)
moved
FaHMciiKcr
J'nlitht
9,«54,503
Total Uiibllltlen
Des 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 obt^iaing increased business,
an extension of the road was projected earlv in the year, extending 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, ana left us in August with their grading unfinWe built before winter 8«ven miles of the road, includished.
ing all the diffleult part of it, and have the remainder of the 26
miles 9-lOths 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 Jannary 1, without counting the cost of any equipment, has been
$226,939, and the amount required to finish the first 26^ miles
The
will not probably elceed the amount originally estimated.
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 liand 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 cempleted and in running order." * * *
"At the same time the building of the extension was commenced 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."
The income account for 1881 was as follows
Net earnings from the r»ad
$172,543
Receipts on accouutof laud gales
15,282
:
$187,826
Wlilch have been appropriated a« follows—
For laying 3S uiiles of now steel rail (leas iron rail sold) $182.297. which was met In pai-t by the sale of lOOoriinnal
coupon bonds ut par, and 50 Income bonds at SO. leaving
amount paid out or earnings
$12,297
Interest on coupon bonds
71,520
Interest on IncuiiH! bonds
55.050
1,95)1—170.824
Interest on extouslou bonds
$17,001
OOMTAXATtVE STATEMEKT OF KARXINOS AKD EXPENSES FOB THE TEAES
1878, 1879, 1880 AND 1881.
1879.
1878.
1880.
Earnings1S81.
$14&,8!5 $163,158 $240,345 $297,715
Frel^t
54,225
53.137
Pawwngars
73,559
05.060
Mai!
ExpreM
4,141
3,756
4,«85
3,546
561
127
576
$211,027
135.823
$22.5,404
$75,805
Trackage
Carserrioe
Total
Operating expenses
NeteaminKS
Per
cent, of operating
penses to earnings
5,336
3,454
1,520
4,944
3.212
141,331
$321,725
180,804
$401,532
223.988
$S4.062
$143,920
$172,543
e^c-
62 90
6117
55G8
5703
Portland k Rochester Railroad Company.
i^For the year ending Sept. 30, 1881.)
" Ton were informed at the last annual
The report says
meeting tnat the holders of the $350,000 of 7 per cent ttonds
kad commenced foredoaare proceedings in Maine and New
Hampshire. Similar proceedings in behalf of the mortgage
giren by this company to the city of Portland, to secure the
|>ayment of $700,000, were about to be taken, when at a meeting held by the pricipal creditors of the road, an agreement
was made to ask the stock, debt and bond holders to join in a
new corporation to be called the Portland It Rochester Railroad,' with a capital stock of $600,000. This arrangement was
at once accepted by a majority of the holders of the diflferent
classes of securities, and the Legislature was asked to grant
the new company a charter, which wan done, and in accordance
with its provLsions, on the 8th day of March, 1881, a meeting of
the corporators was held, the act was accepted, and the company duly organized by the election of a president and treas.
:
'
;
>
'
urer,
I
;
'
!
'
who were authorized to
Stock and to issue the
receive subscriptions to
its
capital
same, said stock to be paid for in the
stock, bonds and debts of the Portland & Rochester Railroad
Company, in the manner provided in the charter. Notice was
published in Portland and Boston, and in accordance with said
109,004
103,829
ll.^.s.W
$51,568
84.372
$,'W)..-.09
10.'>,817
127,880
101.872
J-Utntin{i8—
Mnll, express,
&0
94.374
Total gross earnlngH
Oper'ng expenses (Inoludlog taxes)
$143,701
IZP.ISO
Ncteamlngs
•
$t0,2>l
f.13,627
17,751
104.BS1
10,0St
$162,634
137,005
$168,329
153,203
$24,729
$15,036
9,701
IXCOUE AOCOUHT.
188041.
Net csmlngs
Dtsbursements—
$15,0M
Rocel ver's notes, &e
Materials in oxccbh of previous year and miscellaneous
$6,331
43tt
$10.6M
Total disbursements
Balance, surplus
4.344
GENERAL INVESTMENT NEWS.
Atlantic
&
Paciflc— Atchison Topeka
week is as follows
ATCHISON TOPEK.\ A SANTA FE
circular issued this
& Santa Fe.—The
:
R. E. CO.
Circular to Stockholders— No. 56.
to changes going ou in the ownership of the stock of the St.
Louis
San ITrancisco Railroad Compau}'. a suspension of the sale of
rights, under the circular of this company, ilated Jan. 20. 18S2. was
requested until the effect of lliosc chanKes could be known. Your directors now, after mature consideration, are ununiniounly of the opinion
Owing
&
tbat no further delay is necessary, and that the subscription ami the
doillng in rights under the circular should go on. They are .ilso of the
opinion that it is important for the Interests of this company that the
amount called for by the circular should be provided ii> full. Yonr
directors will Individually subscribe, each for the full amount he Is
entitled to. By order of the board of directors,
William B. Stbono, 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 Company 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
upon an extensive scale. All the work to a connection with the
Syracuse & Chenango Railroad at Menelaus, near Syracuse, is
to be completed before the close of the present year. And
within two years the Syracuse and Buffalo extension, 144 milea
in length, of double track, the Syracuse and Oswego branch,
44):^ miles, and the Rochester branch of 17 miles, are to be
completed.
Boston Land Company.— The annual report of the Boston
Land Company shows no debt or liabilities, and cash assets
exclusive of land of $139,327, of which $75,682 is invested in
Government bonds. This is an increase of $10,341 in cash
assets during the year. The company received from sales of
land, gravel and stone, $10,630, ana from interest, $7,329. Its
total expenses were $9,616, of which $4,080 were for taxes.
The company sold $16,462 worth of lands during the year
about double the amount of the previous year. The report
says " The sales average about seven cents per sqnare foot,
as against six cents last year, but a large proportion of the
lots were sold at an advance of from 25 to 100 per cent over
prices of neighboring or contiguous lots in 1880. and the averaf^e
was reduced to seven cents per square foot only by the sale of
several lots to the Revere Beach Railway Company at g low
price, under prior contracts and for other valuable consideraTen of the lots sold at an averag-e of over nine eentj per
tions.
square foot. This result is very satisfactory, in view of the
fact that but little demand for building lots has been developed in the vicinity of Boston since 1873. There were fortytwo dwelling houses built during the year upon lots sold by
the company, and there are now 160 buildings upon the land
embraced in the original purchase in Beachmont and Breed's
:
Island."
Central Pacific—The freight traffic has been reported for
showing an increase of 30,274 tons (10'8 per cent.) in the
amount carried through, and of 429,582 tons (or 30 per cent.) in
the tons of local freight. For six years the tons of freight
earned have been:
1881,
Through
,
£aal.
1876
...
1877 1 ;i.
1378
1879!!";"!!!" 85.103
113.795
1«80
1881
131.991
We»l.
•
Total.
165.425
181.774
173.240
190.072
219.631
279.220
177..503
t09.4'Jl
....
....
..
134..^81
Local.
025,311
971.678
1,209.873
1.270.871
1.431.110
1.860.603
Chicago ft Eastern IlUnois-LonlsTllle ft NashTllle.—The
Chicago Times reports of the alliance between these roads :
'•That the Chicago & Eastern Illinois and Louisville ft Nashville companies have an equal interest in the Evansville il
Terre Haute Railway, the intermediate link; that the Louisville & Nashville desired a relation with the Chicago Road,
which would be something more than a mere traffic arrangement*
:
THE (CHRONICLE.
17ft
rvoL.
xxxiv.
heretofore issued in exchange for each receipt heretofore issued by the
8,00n
and that the Louisville & Nashville therefore purchased
bondholders' committee of the Columbus Chicago & Indiana Central
shall be issued in exchange for each
hares of the stock of the Chicago & Eastern Illinois Railroad. Railway Company and one bond
shares.
It will be seen, there- similar bond of that company, secured by its first consolidated mortcage,
30,000
is
stock
issue
of
total
The
and for which no such committee's receipt has been issued; making a
;
not control
fore, that the Louisville & Nashville Company does
the Chicago & Ea.itern Illinois, but holds only such an interest
company.
as will give it standing in the councils of the Chicago
WhiJe it is the purpose of the three companies to work in perof the
fect accord, it is not probable that the management
Louisville & Nashville will be extended over the trans-Ohio or
Chicago line."
Chicago & Northwestern.—The following is a comparat iv
Btatement of the earnings and expenses of the Chicago &
Northwestern Railroad Company, including all of the lines
controlled by it, for the rears 1880 and 1881, as reported to the
State Commissioner of V^^isconsin
:
January
February
Marcli
AnrU
May
'
..
Jniie"'"
Jiily"
...
AuKUBt"!
September
October
Kovember
December
Earnings,
$1,240,667
963,204
1.178,795
1,474,611
1,879,006
2,306,440
1,983.031
2.315,164
2.292,676
2.341,097
2,019,037
1,855,476
$9,597,479
»21,849,210
$19,416,007
Total
1881.-
1?80.
Exj)en8es.
Earnings.
«1.154,6;il
$800,166
691.846
1,131,(:82
660.359
1,361,724
749,816
1,294,572
660.868
1,875,608
930,914
1,671.177
866,950
1,699,685
886,478
1,767,938
«48,752
2,020,244
850,365
2,105,216
823,982
1,855,671
826,950
1,477,902
,
.
.
Eri}e»S€8.
$1,081,108
962,292
910,072
846,680
.591,343
1,146,580
1.002,399
1.165,130
972,89'.)
1,047,955
895.781
934,412
$11,556,892
The company 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
At the close of the year the company had a total inlines.
terest bearing debt of 161,057,000.
—
Chicago & Western Indiana. The branches of this road
by nominally separate companies have been consolidated
vith 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
its capital stock is fixed at
the Chicago & Western Indiana
15,000,000 and the bonded debt limited to $10,000,000. The
bnilt
;
office is in
Chicago.
—
Cincinnnti Hamilton & Dayton. Some of the stockholders
are still dissatisfied with the consolidation of their road with
the C. C. C. & I., and claim that they were misled in the
scheme, and demand that the road be released from the agreement. Twelve thousand shares of the stock of the Cincinnati
Hamilton & Dayton Railroad Company were represented at a
meeting to consider the best interests of the stockholders. It
was voted to prepare a paper for signatures agreeing to surrender the stock to three trustees, with power to act in leasing
the road for a term of years.
William hooper, Henry Hanna
and M. Work were agreed on as trustees in case a majority of
he stockholders sign the agreement.
•
CoInmbnsChicigo & Indiana Central.—In the case of Jas.
A. Roosevelt and others against the Columbus Chicago & Indiana 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 bv the Pennsylvania RaUroad, valid,
substantially finding that the Pennsylvania road was owing between $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 obtained control of a majority of the bonds of the Columbus
Chicago & Indiana Central Railroad Company, and is supposed
to be attempting to evade its liability as guarantor. The
supplemental bill just filed is in the interest of the flrst-mortfage bondholders, who have kept their bonds, and they ask to
ave their mortgage foreclosed.
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 18 composed of William L. Scott, C. J. Osborn and
B
Dmsmore. There was considerable discussion, and no definite
action was taken; but the proposed agreement
was ordered
printed and the meeting adjourned for a day. The
proposed
agreement between this bondholders' committee, of the
first
part, and the Pittsburg Cincinnati & St. Louis,
lessee, and
fennsvlvania :^lroad Company, guarantor, parties
of the
second and third parts, provides that:
"1. TIic
The parties of the first part shall cause the so-called
consolidated
mortca^-e
caj;e of the Columbus Chicago & Indiana Central
Railway Company
—A
W
"2. The proiiirty thus sold shall be bought in, if
it can be obtained
onternissatisl'actoryto them, cither by the paitiesol the
first part
by some person or persons who shall be bound by the terms
of this instrument. Such purchasers shall form a new corporal
.n
to take the
property, with a capital of $10,000,000 in common
stock and $20 000
000 in preferred stock; the latter to be entitled to divldLds
if earned
the rate
6 per cent, per annum, payable semi-annually in pr™ference to any dividend on the common si'ock; such
preterm dividends
to^e^umulativcbutno interest to accrue on delayed diyidonds
no?
w
M
M
«<^nXn^,"''"'*Y,™'TP"™"o" I*'"'" Issue its flratiiiorti?affe bonds for,«22"^ ""^' y«^»™' '° '^""> coiit wUli im^'^ef at.
toe'rat
tne
oHvclr'
"'r""
rate of
live per cent,
per annum, payable semi-aDnually in like iroli]
coin, with all iiBiial clauses necessBry t.i make
the sal 1 luc txale v^all
•od effectual. Of these bonds. $5,500,000 par value
shall be reserved
'^•"'''' ««<;"«"'", """ds as thcj become
«ue. uu«
Ita^
. 'old7or"«'itt'.h.;',?V,'
on. bona
for f 1,000 ehall be i«su«d In exchange for
each receipt
amount of these bonds to be issued in e.ichange 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 ineney for uecessary imjrovements.
" 4. The parties of the second and third parts shall pay to the said
new corporation, in full satisfaction of all claims made against them by
the Columbus Chicago & Indiana Central Railway Company, or Ite
present receivers and trustees, and in full settlementof all pending liiigatioii, and in full discharge and acquitance of all liability under the
lea.^e 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' iimirovements.
" 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 outstanding bond issued by the Columbus Chicago & Indiana Central Railway Company, secured by its first conf olidated mortgage aforesaid, the
Huiu of $150 in cash, together with $400 in preferred stock in the new
compan.y, as above described, in addition to tlie new 5 per cent, gold
total
bond hereinbefore mentioned.
' 6. 'The party of the second part shall convert the second mortgage
bonds of the Columbus Chicago <fe Indiana Central Railway Company
now held by it, into income bonds, in accordance with the degree of the
United States Circuit Court; and the hulder of every income bond, cominio this scheme shall surrender to the parties of the first part all such
Incnme bonds held by him, and shall also pay to them 10 per cent, in
cash on the par value thereof; and iu cont^ideration tliereof he shall receive $1,250 III the preferred stock and $250 in the said eoniniou stock of
the new corporation in exchange for every income boud so surrendered.
"7. The holders of stock iu the said company coming into 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 tlie
par value of such stock, and in consideration thereof each of 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 herciubelore required to be paid in cash, and all
the stock and bonds hereinbefore required to be suireudered shall be
respectively paid and surrendered to the parties of the first part, as a
purchasing committee, to enable them tn carry out the scheme of reorgaiiizatiou. except that the said sum of $2,400,000 is to be paid by the
parties of the second and third parts to tue now corporation when
organized, and not otheiwise.
"9. The arrangements herein provided for shall be accepted by all
the parties iu interest as a satisfiictory aud final settlement of all matters in dispute between the Columbus Chicago & Indiana Central Kailway Company, its bondliolders, trustees and receivers, and the parties
The bonds held by the iiarlies of the
of tlie second and third parts.
first part, for which receipts have been issued, shall be used for such
jiurposes as they may deem necessary for the effectual cariying out of
the plan of reorganization hereby provided tor and (with the consent
of the parties of the second and third parts) they maj make any further
arrangements and agreements which may be neccssarj' for carrying out
the same and the parties hereto do mutu.ally covenant and agreethai
they will make and execute such further and other pa'iers as may be
necesjsary iu law to fully carry out the true intent and meaning of thlB
agreement; aud the panics of the first jiart may, upon ]uiblic notice of
not less than si.\ty days, limit the *inie in whicli bomlholders and stockholders may come into the scheme of reorganization, and sliiill be bound
to give such notice, if so requested by the partj' of the second or third
;
;
part
* 10. This
agreement shall l>e inoperative and void, unless approved
by at least two-thii*ds in amount of the bondholders subagreement of the consolidated first mortgage bondholder*
of the Columbus Chicago & Indiana Central Railway Company, dated
Novembers, 1875, in the manner prescribed by that agreement; and
either of the parties of the second and thiid parts shall have the
opiion to declare this agreement inoiierative and void at any time after
the eleventh day of February, 1882, upon three days' uotice in writing,
served upon any one of the parties of the first part, personally, if, before
the expiration of the said three days, this agreement shall not have
been approved and ratified by the said bondholders in manner aforesaid.
" In witness wliereof, the parties hez'eto have executed this agreement
the third day of February, 1881."
Diinbury & Norwalk.— At the stockholders' meeting of the
Danbury & Norwalk Railroad Company, held on Monday, it was
unanimously voted to accept the amendment of charter authorizing the extension of the road to the Sound; also to accept the
resolution passed at the present .ses.sion of the Legislature,
authorizing the issue of $100,000 of bonds for the purpose of
paying for, in part, the cost of such extensii n. The Piesident
of the road was authorized to si^n the mortgage to secure such
bonds. At a sub.sequent meeting if 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 are
to be issued for such time and at such rate of interest as the
Norwalk directors may determine. The Railroad Commissioners have notified property-owners on the line to meet them at
and
ratified
scriljing the
(
South Norwalk.
—
Dcnyer & New Orleans. " The Denver & New Orleans RailCompany has put in trust with the Mercantile Trust Co. of
this city, its entire property, including all the stock and bonds
received and to be received for that part of the road between
Denver and Pueblo, also its coal branch and miles of Colorado
Springs and the land owned in and near Denver. The property ia
road
fledged as security for the company's promissory note for
1,050,000 at the rate of 10 per cent per annum. The cost of
the road from Denver to Pueblo (123 miles) is fixed at $2,500,000,
and the above sum of $1,050,000 has been borrowed to pay off
the floating debt of $400,000 and to finish the line."—iVistc York
Indicator.
Dela?fare & Hudson Canal. In advance of the annual report, this company issues a brief statement of income account
and balance sheet for the year 1881. The figures compared
—
with those for 1880 are as follows
INCOMB ACCOCNT.
Receipts from coal
Ucceipts from railroads
Miscellaneous
Tot.al
Less expenses of
Netoarnings
all
kinds
1880.
$7,402,544
4,673,436
448,569
1381.
$8,940,554
5.104,840
577,613
$12,524,549
7,913,507
$14,929,007
9.431,729
$1,611,013
$5,447,27»
Kkiiruart n.
1888.1
TazM, InterMt nod
rentels
THK CHRONICLE.
Not pivBU
DItIiIoikUI per cent In 1H81
»3.a59,«X9
9» .344,814
$1,351,423
$2,102,104
1.200.000
$1)02,40-1
Surpliu
COMDBtilBO BALANCB RHKBT DBUMIBBB 31, 1881
DtbU.
r.vntnictlon
fI7.252.«40
0,027,801
i:
,
."iVl.RM
roadfi
s
A
Canada
l{.
R
:i,5rt7,074-$30,440,322
Riip liM on Imiiil
Coti nil Imnil
in<-o,< to loiiAOd lines
SuRi)iie)iaiiim
track— Albnuy
*^rt
III
KI1I8
;M.-..07.'^
400.015
1,074.808-
&
1
,*.
I,7.t8,:i23
2,068,221
Bi.1,r)13
(ni colli
boniK &o
'a.OSJ.MO-
.•
3,600,802
2,.148,3.'i7
Uniik
tlltl
loiilU.
uud
aoooiiuts reoelvable.
379,032
1,196.697-
3,884.077
177
holdera of the Northern Pacific Railroad Company sipMted
before this to get the dividend which they have been waiting
for so long, and there has been a good deal of complaint received at the office here because of the delay.
When Mr. Villard talked to me on this subject, three months ago, be expect^
that the money would be paid February 1. Two reas'^ns are
given why action has been delayed
First, the stringency in
money whicli scared some of the more conservative people connected with the road, and, second, tbe position oecapied by
Congress. The first obstacle is now oat of tbe way, and the
only thing that remains in the way of an 8 per cent, dividend
*
• "The road is not comis the American Congress."
»
pleted, and will not be for two years.
To pay a dividend u^iw
would put a weapon Into the hands of the opponents of the
road in Congress which might be used with effect. It haa
been determined by the Finance Committee to postpone the
whole matter for a few months, and tbe dividend will not ba
paid until about July 1, or perhaps later in the year."
Ohio Central.—The Daily Stockholder of February 9 reports "There is considerable of a gamble going on at present in
$20,000,000
<;,i|)ltal
the Ohio Central and Richmond « Allegheny rights, which are
18,843.000—$38,843,000 being dealt in on the open
Botidn
board. The movement has been
730.098
Int«>ri-»t and dlvldeiidi! payable lu January.
kept very quiet, and the effort has apparently been to secure
10.000
746.038
Hills payable
Tbe transactions
7«,!)55 all of the securities that were in the market.
nupnsliors
1,236.430 in them are not positively known, but are stated to'have been
surplus
very heavy, and within a short time the price has been
$40,902,484
Total
advano-d from 80 to 98>6, and has now fallen away again to
' Market value stockoand iHinds, $3,467,771.
96^. These rights are issued with a view to the purchase of
Eliziibpth City Debt. EflForts are still in progress to effect the Richmond & Allegheny, and the construction of a connecta settlement between the city of Elizabeth and its creditors. ing line of road, and for each $10,000 sutwcribed the holder is
Mayor llyder has appointed a new committee to confer with entitled to 800 of the first mortgage bonds, 800 of the incomes,
the creditors. They are Richard Frohwein, Edward Mcfirath, and 100 shares of stock. The SeOey syndicate has the credit
John C. Bender, J. C. Ogden, James R. English, K. M. Fulton, of having taken all they conjd get their hands on."
ijharles Russ. Patrick aheridan, the Rev. Edward Kerapshall,
Ohio & Mississippi. A circular to the stockholders of the
the Rev. Martin G-essner, Amos Clark, ex-Mayor Bonnett, Jacob Ohio & Mississippi Railway Company has been issued by ths
Davis, James E. Hedgas, Joseph Nolle, Peter H. Wyckoff and committee, which contains the following: "You have been notiA committee has also been appointed by the fied of a stockholders' meeting to be neld on April 6, 1£82, at
J. U. Cory.
Council to make an appraisement of the actual value of the Flora, III. (a place in Illinois being designated because the
city property. The new conference committee represent all meeting is held only in pursuance of the laws of that State),
classes of opinion on the debt question, and hope is entertained for the purpose of expressing your concurrence in, or dissent
from, the creation of a mortgaga debt for certain purposes
thftt they will be able to reach a basis of settlement with the
named in the notice. It is proper you should be advised of the
creditors.
Georgia Central.— At the election of the Ocean Steamship necessity for such a step." * * * "The recent annual report
Company of Savannah, on Tuesday, the party which favored a of the company has advised you of the progress made under
•distribution of its earnings to Georgia Central Railroad stock- the receivership in the payment of floating debt claims, intereat
holders secured four of the live directors. Mr. Wm. M. Wad- upon mortgage debt, and of the very valuable improvement
ley then resigned the presidency, and Col. E. C. Anderson, of made in the physical condition of the property, but it also exAirannah, was put into his place. The new board decided to hibited a large amount of indebtedness for interest and sinking
Issne certificates based upon the earnings of the steamship fund arrearages, and other legal obligations, which were accompany to the amount of $3,500,000, bearing interest not ex- cumulating against the company and carrying interest at comceeding 7 per cent., which are to be issued as a dividend to paratively high rates, which could not be fully met from
earnings under the receivership." » * • "It was then thought
Central stockholders.
that the round sum of $2,000,000 would be sufficient to meet
State
Missouri
of
defaulted
Hannibal & St. Joseph. The
the demands of the company and to secure the restoration of
issued
to
this
company.
The
.January 1 on its bonds
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^,000.000 bonds when they were able. The State ha-s begun
ternatives presented to the stockholders; first, to submit to *
proceedings to attach the Hannibal & St. Joseph road and sell
the company's property, by reason of
it.
The road made a motion for an injunction to restrain the foreclosure and sale of
the continued default in the payment of interest on mortgage
State.
and of contributions to tiie several sinking funds; second,
On February 3 the Miiwouri Supreme Court refused the debtsecure
the continued indulgence of creditors, and of the
company's application for a writ of error to the United States to
earnings the defaults referred to might
Supreme Court on the question of granting a writ of manda- courts, until out of net
for the stackholders to raise the money
mus against the State Treasurer in the matter of the State aid be removed; or, third, debts
of the company and again assume
to pay in full the just
bonds. The Court holds that there is no question for the
control of 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 prewhich 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 cosalatter road for ninety-nine year?, 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 $10,000,000 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 S24
General Manager of the Chicago St. Louis & New Orleans, and miles, together with the rolling stock and other personal propthe 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 wlilch will be reserved to take up old bonds
Southern line was changed from 5 feet to 4 feet 8^ inches about
12,784,00<»
when and as they mature
Aug. Ist of last year. The main objects of the change from a The reoidue to be used for following purposes:
48,82ft
mortgage
first
on
$
past
due
coupons
To
pay
mere control to a long lease are to relieve the lessee company
536,060
To jiay past due coupons on second mortgage
from the necessity of carrying the stock of the other company To
pay past due coupons on Sprlnjffleld Dlvuilon. 351,575
should it prove to be advisable to dispose of it in whole or in To p»v iiast due contributlong first mortgage sluk177,000
InKfund
part, and to make it secure in projected improvements and exTo pay past, due contributions second mortgage
tensions.
165,845
slnklnsfund
Milwaukee Lake Shore & Wester*.— A Milwaukee report To pay past due eecoud mortgage Western Di vUloD
bonds'
says: The total earnings in 1881 were $630,812, against $427,751
^•SSS.
140,000
Debenture bonds
in 1880, an increase of $203,071. The directors of the road, at Special loans (for which Springfield Division bonds
""*'-9?2
a special meetinpr held in New York, declared a dividend of 6 arcbviiothccatcd)
per cent on the income bonds from the earnings, payable May 1 Keniaiiitler of floating debt, estimated at
'™'2xS
' „'2Si
liabilities, estimated at
Contingent
or November 1 next
099,695
for odaittonol equipment and terminal faoUitles
Tot.ll
$40,902,484
V
Oredil.
:
—
—
,
—
—
^^
—
I
^^
. .
New York Chicago &
—
This railroad company has
St. Lonis.
retired its income bonds, and will issue in place thereof $15,000,000 additional common stock, making the capital $50,000,OOO. Application has been made to the Stock Exchange for
tbe listing of the securities of this road.
Northern Paclflc.— A special dispatch from New York, Feb.
Philadelphia I'ress says " The preferred stock-
8, to the
:
3.216.0M
$16,000,000
Total
" The first issue of new bonds, $3,216,000, to be further
secured by a pledge of $901,000 Springfield Division bonds, of
which the company will have control (after payment of special
loans for which some of them are now pledged'. This pledge
to determine, and said $991,000 of Springfield bonds to be eaa-
—
..
THE CHRONICLE.
178
:
of 112,784,000—
^894,880
On whicb t!ie annual Interest fov the year 1882 will be
76,000
Add oODtiil Hit ions to sinkina fimda
And for iutoiest on $3,216,000 neve bonds at live per cent... 160,800
$1,131,680
We have a total of
"The net earnings for 1880 (notwithstanding the large ex-
penditures for steel rails, etc., charged to operating expenses)
were $1,256,709." * » *
"The committee have not undertaken to decide, or to express
an opinion, as to the character of the preference stock, or
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 dividend on that stock, and doubtless it will then be submitted to
the courts for judicial decision. It only remains for the stockholders to signify their assent 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,
" The
or by giving their proxies for that purpose." * * *
assent of two-thirds of the stockholders (in amount) is required
in order to authorize the, creation of the proposed debt and
mortgage.
"W. T. McClintick, Robert Garrett, James Sloan, Jr., F. W.
Tracy, Committee."
—Receiver Douglass of the Ohio & Mississippi Railroad has
filed the following report for January in the United States
aerk's Office:
RECEIPTS.
;.
amount.
Sonthern Central.— The Southern Central Railroad Company, 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 Ist
instant.
The first mortgage is for $1,500,000, and the second
for 1600,000, of which $400,000 is guaranteed by the Lehigh
Valley. Interest on the latter has been paid promptly. The
net earnings of the road have, however, proved insufficient to
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
recently, and it was unanimouslyjagreed to exchange the old
bonds for a new mortgage at five per cent. This will be for
three millions and the new bonds will be exchanged for the old
and for the guarjinteed bonds at par. The holders of the
funded coupons and the unguaranteed second mortgage bonds
will have to submit to some reduction of principal.
There was
no objection raised at the meeting and the Lehigh Valley will
agree to the change as far as its holding is concerned. The new
issue will be large enough to afford a balance of a quarter of a
million for repairing the road and relaying it with steel rails,
and the fixed charge, owing to a reduction of the rate of
interest, will not be increased.
The Hon. Thomas C. Piatt is
President of the road and its main office is at Auburn. Philadelphia Press.
$725,730
DISBCK8EMENTB.
Vonchers prior to November IS, 1876
Vouchers subsequent to November 17, 1876
100 new
$304,101
350,235
6,729
41,147
1,871
21,645
Total
$7,855
240,804
62,650
139,783
new postal cars
Pay-roils subsequent to Novemuer 17, 1876
Arrearages subsequent to November 17, 1876
coal cars, 3
Coupons maturing, due January
Cash on hand Febraary 1,1382
1,
460
1832
230,083
4-1,088
Total
$725,730
Oregon Railway & NaTigalioa Company.— This company
makes the following report of its estimated earnings for Jauaary, 1882, and comparative statement of earnings for the
first seven months of three fiscal years.
January.
Cross
1880.
$117,304
16,582
Jfet
Preceding sLx monthsGross
1,487,160
849,823
yet
ToUil—
OroBS
Net
1,604,764
866,405
Increase for seven months of 1880-81
Increase for seven months of 1881-82
*
1881.
1882.
$134,581
-98
$392,500
190,500
1,837,102
977,288
2.687,304
1,376,773
1,971,683
3.029,804
1,567,273
977,386
XXXIV.
Richmond & DanriUe.— The N. Y. Times reports of this
road '• The Richmond & Danville system of railroads, which is
gridironing the South with its lines, has begun the construction of a road which is to extend from Atlanta, Ga., to the
Black Warrior coal and iron fields in Alabama. It will go
through Birmingham, one of the great railroad centres of
Alabama, near which the coal fields are situated. Gen. T. 51.
Logan, Vice-President of the Richmond & Danville, was found
at the office of the company in this city yesterday, and saia
that the new line would be con.structed under the charter of
the Georgia Pacific Railway Company, which, by recent consolidations, was authorized to build a line from Atlanta to the
Mississippi. The work is being done by the Richmond & Danville Extension Company under a contract between that company and the Georgia Pacific Company. The extension company 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
'Richmond & Danville Terminal Company.' Through its
ownership of 51 per cent of the stock the Richmond & Danville system will control the entire Georgia Pacific euterprLse.
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 14,000,000, 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
mortgage, conveying the entire property, franchises and revenues 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
holdings of stock at forty-five cents on the dollar. The owners
at that date of a smaller amount 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
whenever the oompany shall be able to retire its present
mortgage bonds, no defcinit then existang as to the interest
on such new 5 per cent bonds." * * *
" Assuming that we may, by the nse of the new bonds,
promptly extinguish the 197,000 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
celed,
-first
Cash on hand January 1, 1882
Cash from station agents
Cash from conductors
Cash from individuals, companies, &c
Cash from Adams and American Express
Cash from PostOfflce Department
[Vol.
13 per cent.
60 per cent.
Columbia River frozen up.
Southern Pacific of California.— This company is about to
Mail—Union Pacific RR.—A new contract between
the Union Pacifla Railroad Company and the Pacific Mail build a line from Mohave Junction to the Colorado River, a disSteamship Company has been signed. By its terms the Pacific tance of about 300 miles, where connection will be made with
Mail Company is to receive ^95,600 per month from the rail- the Atlantic & Pacific Road, which is completed within about 250
road company and six months' notics must be given before miles of the river on the east. Mr. C. P. Huntington, of the
either party can withdraw. The old contract, abrogated by Sonthern Pacific Road, said to a Tribune reporter that the exthe railroad company, allowed Pacific Mail |110,000 per month. tension to the Colorado River was strictly in accordance with
Petersburg Railroad.— At Petersburg, Va., Feb. 6, at a the act of Congress by which both the Southern' Pacific and the
meeting of the stockholders of the Petersburg Railroad Com- Atlantic & Pacific were authorized. Mr. Huntington expressed
pany the exchange of old second mortgage 8 per cent, bonds of the opinion that it would not be for the interest of the Atlantic
the company, amounting to about 1490,000, for new issue 6 per & Pacific to build beyond the Colorado River when the connection with the Southern Pacific has been made.
eent. bonds was perfected on satisfactory terms.
Bailroad Lands in Minnesota.— The following from the
Tennessee Bonds.— The New York Herald dispatch from
State Commissioners' report shows railroad lands sold and con- Nashville, February
9, gives a summary of the present situtracted to be sold, fractions of acres and dollars being omitted:
ation regarding the State debt. "The Legislature of 1881
Sales and contracts, year
Sales and contracts in Eassed the Funding act, April 6. The act established a f undmg
ending June 30, 1881.
5 mos.end'gNov.30,'81.
oard, made up of the Secretary of State, the Treasurer and
Acres.
Receipts.
Acres.
Receipts. the Comptroller, whose duty it is to fund the debt at three per
Minnesota Central...
2,491
.$53,647
1,484
$21,018 cent. This was known as the 100-3 measure. Its opponents,
St. Paul & Sioux ;ity 16.776
138,185
4,530
36.071 though some were out-and-out repudiationists, were mainly in
810UX City & St. Paul 12,936
86,902
1,322
10,207 favor of
a settlement at fifty cents on the dollar, with four per
Winona & St. Peter 109,202
302,183
St. Paul* Chicago... 23,827
47,923
37,822
52,896 cent, interest, and were known as the 50-4*8 party." • * *
Hastings & Dakota
46,087
73,803
3,500
31,020 " The act, after passing the House, was defeated in the Senate
Bo. Miuncsota
4,787
22,838
by a single vote. On reconsideration it was carried by one
Do
Extens'n
1,870
2,387
Bt. Paul Minn. & Man. 97,863
217.514
t 91,608
217,382 vote. Charges of bribery and corruption were freely bandied.
St. Paul & Duluth.
•4,545
13,836
To an impartial observer it does not seem out of the range of
Stillwater & St. Paul.
Pacific
I
.
.
.
. .
748
Paul 8. & T. F
920
Northern Pacific
24,731
Western
6,173
St. Paul and St. P. M.
A M.lands iu dispute 29,630
2,758
St.
Total
_
KTlnona A
Barney
*
381,587
St.
800
440
2,640
60,506
47,695
86,983
$1,133,564
191,159
$489,017
Peter
cflntract...
*
6,400
80,851
27,567
possibilities that some of the legislators required some ' pressure ' to f nlly appreciate the need of Tennessee purging herself from the stam of repudiation."
317,061
Yeaf ending December 31, 1880.
December 31.
1 Six montliB ending
'
"The act was carried through by a combination of credit
Democrats and Republicans.
Thirty-five tax-payers made a
dnmmj 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 Supreme Court the past two weeks, and has enlisted on both
;
Febkuxry
THE CHRONICLE.
11, 1882.]
sides the best legal talent in the State. The conclnaion of the
arguments is looked for within a week, when the court will
give its decision on the points involved. Stripped of le^al
verbiage and technicalities, the low-tax men claim the funding,
act was illegal, the Legislature having transcended its powers,
particularly in making coupons receivable for taxes, contrary
to the State constitution, and that the act Is void because pro-
179
She ^omincxcml
'^hnts,
'
COMMERCIAL EPITOME.
Friday Niort, February 10, 1883.
storm obstructed onr streets and greatly
defendants— the State credit men— deny the jurisdiction of the retarded business early in the week under review. Heavy
court, because the suit is in substance suing the State in its rains in the South and West
have again caused local floods, and
own courts admitting (legally) bribery and corruption, thev
a serious overflow of the Mississippi River is now threatened
deny the power of tne court to inquire into motives whicn
influenced the passage of the act. The legality of the coupon greatly to the detriment of traie. Speculative declines in
feature and the other phases of the question are then entered wheat and cotton have caused failures of some importance hera
into with a minuteness and show of authorities bewildering to and at New Orleans. There
are indications of an increaso in
the non-professional mind. The outcome is as uncertain as
exports, as the result of the weakening of speculative values
The
popular
is
said
to
be.
ordinarr
jury
the verdict of the
features of the agitation ao not enter into the questions with for staples of agriculture, and, with the approach of spring,
which the court has to deal, and since its decision will be much activity in mercantile affairs.
entirely on legal points, the luw-tax men have as good reason
The market for provisions ruled comparatively firm early in
to expect a victory as their opponents."
the week, with much speculative spirit, and a fair export
Toledo Delphos & Bnrlington.—In re.sponse to inquiries in 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
the lake waters at Toledo, the Ohio River at Cincinnati and at 11.32^c. for March,
473ie. for April, ll-57^c. for May
Ironton, and the Mississippi at St. Louis. The mileage of each
and ll"65c. for Jane. Bacon was nominal at 9^c. for long
division stands as follows:
181 clear, with considerable going forwardjon consignment. Cut
Toleilo Division—Toledo to Kokorao. Indiana
DayU>n OlvisloD— Delphos, Ohio, to Dayton, Ublo, wltli Sbanesville
meats quiet. Beef has met with some farther demand for
102
Branch
export and is firm, but closes quiet. Batter and cheese quiet.
JS.'S
Southeastern Division— Dayton to Centre Station
23 Tallow less active.
Iron Road— CVntre Station to Ironton
22
Cincinnati Division— Dayton to Lebanon
268
St. Louis Divisioa—Kokomo to East St. Louis
Rio coffee has been moderately active only at 9>6c. for fair
781 cargoes; mild grades have been about steady, with a fair trade.
Total mileage
"Of the mileage above noted, thirty miles upon the South- Spices have been very quiet, but red peppers have advanced
eastern Division nas yet to im completed to connect with the slightly. Tea has brought steady prices in the main at the
Iron road, and about 100 miles upon the St. Louis Division. auction sales. New Orleans molasses has been in moderate deFor this L'onhtruction the money is secured, and the work will
go rapidly forward as soon as the season permits. The com- mand and steady; refining grades have been quiet at 33c. for
pany is now operating the Toledo & Dayton Divisions, 115 50-degrees test. Foreign fruits have been generally firm, and
inile-s of the Southeastern Division, 26 miles of the St. Louis
raisins have advanced on a better trade, though the close is
Division, the Cincinnati Division and the Iron road. The latter
Raw sugar has met with a fair demand, and a deless active.
jarned $45,000 net last year, but its present operations are not
included in the reports of the Toledo Delphos & Burlington's lay of cargoes in transit to refiners has enabled importers to
earnings.
The lines now operated, and upon which earnings advance prices ;to 7c. for fair refining and 8o. for 96-degrees
are reported, deducting the Iron road, atrgregate 446 miles. test; refined sugar has been very firm of late, and at the close
Tihis company also controls the Cincinnati Jiorlhern from Lebgrades of yellow are scarce; cut loaf is quoted at lO^ic,
anon to Cincinnati 30 miles and the 5-mile Avondale branch some
granulated 9%c.
of the same. The Toledo Terminal trust mortgage of $250,000 crushed 10c. , powdered 9^c. and
IS mostly held in Europe.
It covers 60 acres of land and valnIngot copper has been quiet and rather depressed, sales of
The Cincinnati Division bonds Lake Superior being made at as low as 19^c., though as high
.»ble rights of way at Toledo.
are still in the treasury.
Lead has been steadier at
latterly been quoted.
"The company is in great need of equipment, and has issued as 20c. has
§5 15@$5 20, with moderate transactiens. Spelter has been rather
.f'400,000 of 7 per cent equipment bonds, and intends to make
tliH whole issue of equipment bonds $1,200,000.
The system quiet at 5%@6c., but firm at these prices. Pig tin has ruled
iipleted and equipped, the fixed charges will be upon
firmer at 25@25^c. for Straits, and a moderate business has
..jOO.OOO 1st mortgage 6 per cent bonds, §510,000;
upon
been done; tin plates have been about steady but only fairly
i;i,200,000 equipment 7 per cent bonds, |84,000— a total of
active at the best. Pig iron has been firm and Scotch has sold
or
per
mile
of
road.
of §760
§594,000,
"The Toledo Delphos & Burlington stock now issued amounts fairly, but American has been quiet; No. 1 American is quoted
to §7,336,000, or 146,720 shares of the par value of iJ50.
This $26 50@$27 and Glengarnock at $25 50@$26. American steel
was issued as follows: §4,000,000 upon the Toledo and Dayton
have sold to a fair extent at $57 50 for fall delivery at the
divisions and terminal trust, §2,250,600 upon the Southeastern rails
cnrad through bribery and corruption.
At the outset the
A
severe snow
;
U
'
I
—
—
—
upon 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
& St. Louis road, and this will raise the stock issue to $11,336,000.
Eventually the St. Louis division will be consolidated
with the system and the name of the consolidated company
changed from Toledo Delphos & Burlington to Toledo Cincinniti ii St. Louis.
The system will then stand with a capital
<k of $12,000,000, a first-mortgage indebtedness of §8,500,000
rhout the equipment bonds), and an income-bond debt of
2:^0,000.
These are the facts."
Division, $250,000
Irnnk Line Commissioners.— The names
of the following
gentlemen, composing the advisory commis.sion appointed by
',the Trunk line railroads to consider the several questions of
:
I
:
differential rates was officially announced
Hon. P. M. Cooley, of Michigan; Allen G.
.ind Elias B. Washbume, of Illinois.
this
week
:
The
Sherman, of Ohio;
mills.
Strained rosin has been quiet and depressed at $2 273^@2 30.
turpentine has fallen to 52^@53c., on a very dull
have sold moderately at firm prices. Leather has
Hides
trade.
been rather weak for hemlock, with only a moderate trade
Spirits
Union tanned, however, has been steady and fairly active.
Lard oil has ruled firmer at 91@92e. Linseed oil has been in
Cloverseed has been
fair demand and more steady at 60@61c.
in moderate demand at 8M@9c. for Western and S^@9^c. for
Canada in bond. Hops have been dull, and to a great.extent
nominal, at last week's prices. Manila hamp has been quiet at
10%c. Refined petroleum has been quiet at 7%@7?6c.. closing
firmer.
Kentucky tobacco has been very dull, and the sales for the
are only 200 hhds., of which 170 for export. Prices, howweek
Vli^lnia Debt.— At Richmond, Va Feb. ?, the House of
very firm, and the transactions were at,6@8?6c. for
remain
ever,
Delegates passed the bill for the settlement of the State debt,
known as tlie Riddleberger bill, by a vote of 56 to 30, one Read- lugs'and 8>^@12?6c. for leaf. The movement in seed leaf has
cases, as follows, a.'l
'juster (Kelly, of Wa.shington County) voting in the negative.
also been rather small, amounting to 1,705
"An amendment providing that the bill be submitted to the from the crop of 1880: 700 oases Pennsylvania, 6®40c.; 300
people for ratification was defeated by a vote of 14 to 71. The
Wisconsin, 3)6@llc.; 105
cases New England, 16@30e 500 cases
3*4@15c. Als*.
bill now goes to the Governor.
cases Ohio, 4@10c, and 100 cases sundries,
bales at private sale at
Western North Carolina.— The Chattanooga Times says: 600 bales Havana at auction and 400
"The Western North Carolina Railroad has now a force of ^
ofean freights have been comparatively quiet, and rates to
between two thousand and three thousand men working on
but toward the close offerings for
their Pigeon River division. This road was recently completed some ports have declined;
with room not plent;)r there w^as mow
to Asheville, an old town in Western North Carolina, and has shipment increased, and
To-dav the busiuess included grain to London, 4?4
the Wolf Creek branch running forty miles further west, through firmneoa
Glasgow, 4^^d., and to;Rotterdam, 5^d with 4@4Md.
the celebrated Warm Springs, to a connection with the East
10)6®4s. per qr to Cork for orTennessee road at Morristown. The Pigeon River division, quoted to Liverpool, and 3s.
1 mark; cheese to Liverpool, Xs.;
aeing built alongside that river and the French Broad River, ders; cloverseed^to Hamburg,
Aotwerp and Bretn-n, *». (jd.i
,
;
;
,
,
;
1
I
i
!
1
h
i
So
lis designed
to be extended through the
l|» western outlet at Cleveland, Tenni"
Smoky Moantains
to
refined petroleum to London,
crude to Mareeilles, 43.
.
e
8
THE CERONICLK
180
COTTON.
Fridat. p. JL, February
10. 1882.
MovtiBHT or rax Ceop, aa indicated by our telegrams
For the weekending
from the S<mth to-night, is given below.
receipts have reached 86,779
ttis eveninir (Feb. 10), the total
week, 92,081 bales the previous
bales. agaiMt 95,057 bale.s last
wek axd 99.990 bales three weeks since; making the total
Tm
at—
Thurs.
Wed.
Tues.
Jfon.
Sat.
Lambert. 60 Beaver Street.
On Shipboard,
797
1,395
1,231
1,699
1,718
1,179
8,019
127
750
441
6,132
1,519
4,162
2,979
4,394
902
494
687
5,293
1,146
127
24,010
5.219
259
259
1,550
2.198
1,999
1,874
2,573
1,413
11.607
1,006
951
014
1,560
1,117
659
6,207
11
2,000
Galveston
Indlanola, &c.
New Orleans.
.
Mobile
Florida
Savannah
Brunsw'k, Ac.
Charleston
Pt. Royal, &c.
Wilmington
Moreh'd C.,<&c
Korfolk
atyPoint.&c.
11
—
314
236
268
239
121
822
590
3,513
2,111
2,403
1,777
1,891
2.43
3,030
FEB. 10,
590
14,192
3,030
3,575
4,0S3
not cleared—for
Leavihg
AT-
Oreat
Britain.
Sew Orleans
Total.
Fri.
xxxw.
rvoL.
In addition to above exports, oar telegrams to-night also ^ive
us the following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
are prepared for our special use by Messrs Carey, Yale &
3,874,317 bales, against
Jeceip'^ since the Ist of September, 1881,
showing a decrease
4 250 267 bales for the same period of 1880-81,
since'September 1, 1881, of 375.950 bales.
Receipts
—
.
.
.
Other
Prance.
Foreign
Coast-
None.
None.
None.
None.
None.
None.
19,171
2,100
4,700
1,600
22,228
1,600
1,900
129
None.
3,378
Other ports
25,211
11.700
7,700
6.800
10.877
4,900
2,200
Total
69,388
3,378
53,299
96,842
25,566
48,039
Mobile
unarleston
Savannah
aalveston
Sew York
Total 1881
We have had a
Stock.
Total.
wise.
47,889
13,800
12,950
12,300
323,155-
6,500
5,300
27,036
51,776
73,253
47,129
326,752
131,991
5,779
131,844
981,092
20,351
190,798
651,679
530
3,900
Nona.
None.
1,200
33,1( 5
decline of unusual severity in prices of cotton
at this market during the past week. The irregularity which
prevailed at the close of our last was continued on Saturday,
when this crop was slightly lower and the
Monday the pressure to sell began, owing
next dearer; but on
to the large visible
supply and other unpromising circumstances, under which
321 prices rapidly gave way till the close of Thursday's business.
2,926 There was on Wednesday evening an effort to check the decline,
74350
113 1,079
Phlladelp'a, &c
failure at New Orleans, and Anally a failure of some imTotals this week 10.059 16.697 14.970 12,20: 13,350 19.490 8H.779 but a
on this market, caused something of a panic, under
portance
week's
For corapan.son, we give the following table showing the
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
ftnd the same items for the corresponding periods of last year.
recent average day's business. To-day there was a buoyant
Sloek.
1880-81.
1881-32.
Receipts to
opening, followed by a decline; then a stronger feeling towardsThis
Sinee
Sep.
Since
Sep.
This
1882.
1881.
Febniai'y 10.
the close. Cotton on the spot has been dull. Prices- declined
Week.
Week.
1, 1880.
1, 1881.
and again on Wednesday, and %c. on Thurs80,234 103,981 1-16C. on Tuesday
Oalveston
8,01S
359,542 20,338 492,883
day. To-day the market was quiet and unchanged at lljic. for
361
13,233
Indianola,i&e,
127
12,867
New Orleans... 24,010 1,021,280 47,982 1,060,092 371.014 177,063 middling uplands.
40,836 50,501
Mobile
300,693
5,219 221,417 10,607
The total sales for forward delivery for the week are 1,433,800'
1,939
5,080
25iii
18.957
Florida
24,772
89
bales.
For immediate delivery the total sales foot up this week
85,553 77.310
Savannah
11,607 637,845 15,725 716,159
302
639
Sew York
Boston
Baltimore
Brunsw'k,
<ti-
Charleston
Pt. Royal, &c.
6,207
Wilmington
M'headC.,&<
2,000
Horfolk...
City Point,*!
Jfew York
Boston
Baltimore
. .
11
590
14,192
3,630
3,575
4,083
32
.
Philadeli>'a,.fec
Total
i
2,926
86.779
625
957
70
1,240
772
103.0.J1
124, 2(;-.'
151.431
17,85*
43.600
:<.''74.:<1'
1,593
4,467
514,287
38,629
104,199
339
2l,99l)
10,463
5,036
3,532
5.890
557,098
167,511
80,005
OS.lSi
18,804
20.813
141
10,499
6,824
431„5o2
19,414
120,813
20,407
491,621
436
692
133.7
400
633
251
03
381
468
621
614
4.2.50.'20:
1,549 for speculation
07,093
2,9.'i7
1,81
9,47»
4,925
58,950
24,240
Ordin'y.spib
8tr.
O'd Ord
Galvest'u.&c.
New Orleans.
3.
HO
Norfolk. &e..
All others....
24.010
5.219
11.607
6,218
2.S9n
17,822
11.167
Tot.thisw'k.
80.779
Mobile
SaTaimah
Charl'st'u..^!
Wilm'gt'n.&c
Since Sent.
1
1879.
1880.
1881.
20.699
47,982
10,007
1878.
1HT7.
6..541
15,0JJ
9.520
y,.393
58,9^i7
4-'.730
60.691)
10,199
52,101
7,471
13,019
8.776
]0.7-'f-
15,014
13,038
11,421
l,9:i2
1.03-
3.749
2,3:13
1,839
12,803
14.011
15 9S3
8,023
11.329
9,633
4,514
5.57;
2,015
14,852
13.390
119,831
150,811
120,0;)0
120.720
13.T3
15.499
10.780
1
133,72H
1
1.<I89
18.2.>2
Good Ord..']09i8
Str.G'dOrdll
Middlin:f...!ll''8
Good Mid..il2'4
8tr.G'd.Mld|12ia
Midi's Fail 13
Fair
Il3%
Bxportetl
irom—
Galveston
—
NewOrU'itn!'.
Oreat
Brtfn.
10,715
21.718
Feb.
From Sept.
1
to—
Conti.
Total
nent.
Week.
Chsrleatou •..
Wilmington..
Norfolk
12,SB2
10-!.4',il
3,»3e
23,6S
353,725 170,180
15,098
6,313
3,000
110,663 15.43
New
York....
Boston
Baltimore
Philadelp'a.&c
IT.188
8,243
S,ri9
0,826
1,775
1,8a
f.Sl
1.1)23
83.228
260
Total 1880-Sl
5S.1(,53
12,271
looladu sxpunii tram I'on Uoral.
122,330
46,040
18.28'
200,745
2,580
16,945
1,430
45,021
147,350
1,131
140.822
90,004
8,819
15,810
40,069
1
40,338
21,528
200
ni.BTS !,720,7Ki 311.820
Ac
Wed Th.
'IB
95 B
9^8
9'io
10
12:i,e
12«i„
1338
Ills
11%
llli^iii.
111^16 iii:m»;ii%
121,,, 12:i„ il2
12J4 ii2-iie.
1214
rj-'ig
125t,
;i2»i8
12'?8
12-8 ji2:;i,e-.
im
lUiii
Frl.
P-->i.,
9T9
113s,
... „
13%
l:i38
l,i->I«
I1418
Weu
ta,
S'"lh
95,6
1
I
1
Fr.95 If
10
1
1013i« loiije'iiiii,,; 101^,, ll. Ill,, 101:
11 '4
1114
Ills
11
11^8
I 1
lllllB UO16 11-'.
ll"lc, ii'-'iB i:",,
lliBie lliSielllis,, II'^IBI lli:'lB 111-':
107,,
%
%
llO's
ill^l,
:ii»i,
,
11% lll%
1218
12
12
12%
12
12%
12%
12^
1213
12% 112%
12»8
12%
13%
125s
,1314
12%
12^
13%
I314
i3i'>
13 ''8
137a
14
la-s
il238
ll^'s
!l358
1218
I23e
12'8
14
11358
Sat.
^
lb
8^8
9'8
109i8
11»6
Mon Xaea Wed
8^8
978
109i8
11»16
Si3,e
913,6
lOlo
8%
9%
107,8
ll'ie
il>fl
12
ll2»B
ii3ie
13'6
Th.
858
9=8
105i6
ll^ia
Frl.
858
9°l
lOB.g
ns'S
MARKET AND SALES
SALES OF SPOT AND TRANSIT.
Mon
188,202
971,555
22,540
Dull
Dull and easier..
Dull at iiadec.
Wed Nom'i at 1,6 deo.
Thurs DuU&uom.,%do
Frl.
266.905
236,630
57,189
228,165
267,103
72,647
66,894
31,879
.
Total
Spec- Tran-
Ex-
Con.-
oort.
sump,
ul't'n
137
289
289
267
318
858
sit.
„
,
^oiai.
„ ,
Sales,
Detith
Quiet
,
279
106
691
349
385! 1,649 1,549
993
56S
393
958
318
349
tries.
60»
93,700
155.100
185,300
304.000
407,900
287,800
3.583
900!
60:
500
300
400
3,300
*
1,433,800.
The dadly deUverle.? given above are aotuaUy delivered the
Tloos to that on whioU they are reported.
day
pr«-
The Sales and Peices of Futukes are shown by the following comprehensive table. In this statement will be frond th«
daily market, the prices of sales for each month each day, aai
515,7S3 2,092,099
ftyn.r-i.'i 9.8(1'
.
Tues
3,900
72.')4(.
31,470
I'l
12
12''8
Frl.
Middling....:.
Sat.
2W.6S0
l,S31,OT4 245,242
111'
Total.
nmf.
1,880
5,818
80398
11^6
121i«
I2I4
1258
liig
SPOT MARKET
CLOSED.
19.223
1,923
Total
13,'
I
Low Middling
Oreat
2.177
8,243
10T8
18S1. to Feb. 10, 1882.
Britain. ^^o.nK
12»8
STAINED.
Exported to—
Mobile
norlda
Bavannnb
1.
107,.,
Good Ordinary
Strict Good Ordinary
The erportb for the week ending this eveniner 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 aa
made up this evening are now 1,112,936 bales. Below are the
exports for the week and since September I. 1881.
Wetk Endirui
91,6
9»8
Btr.L'w Mid, 1111,6 i;9|8
'8alvett6u icoludos ludlauola; C'U;uiesH)u iin!cuae,s I'ort Koyal, .tc,
(Jity. &c.: Norfolk Includes City Point. &c
Sxporit
!
LowMidil'KlU'is ll»i6
3874.317 1230.267 3983.518 3392,189 3374,969 3407.924
11%
I21l6
129,1,
131,,, 13 >9
131*1,, ll^e
Wed Tb.
TEXAS.
iUou Taei»«
!
lU^ie 11131B 11%
lU^l,. 12 14
I
SHi,
U'lS 11%
12i''ia
Ordin'y.iglk 9:i|6
StrictOi-d..! 9%
WUmlBgron includes Morehead
'i'u44n'
9»,„
99,6
91s
10>8
10% 1101,
I0i:,e 101",6 lO'^s
11%
Middling...
Mid..
Receipts
IQoii
bales-
914
99 6
91a
9»io
9i:ti« lOis
lloi,,
lOSfl
1015,,, Ioi-'ibIioTs
11>S
ijKiod
Midd'.g Fair
Fair
ORLl-J-^.N-
i
Low Mid'l'g
8tr.L'w."a)d
wf
NEW
—
quotations and^
official
10%
SliictOrd..
C)oo<l Ord..
1,112.930 842.477
1
inoti 'fnMxl Sal,
Sai.
Str.G'dMid
1882.
Of the above,
in transit.
UPLANDS.
Feb. i to
Feb. 10
333,25 192,217
7,98"'
10,033
33,793 13,8^2
18.103 15,777
In order that comparison may be made with other yearn,
below the totals at leading potts tor six seasons.
and
The following are the
were to arrive.
sales for ?ach day of the oast week.
1
Iflve
at—
385 for export, 1,649 for consumption,.
3,583 bales, including
61,726
878
I
the closing bids, ia addition to the daily and total sales.
M
J
VancART
—
«
1
THE OHRONICLK
11, 1888.1
181
eomplete flfmreH for to-night (Feb. lOX we add the item of eipoHa
from the nnitttd Statex, Inoladiiifr <o it th« niportu of Friday oniT
3S| §3?!
1M82.
atcckitt Mverpoot
HI toll itt IxiDdoo
Tniiii orent Krltoln "V"-"
Bu>o)i at Havre
iir iiir lilt
Slork at MHrHcllliw
Stock at Barneloiia
Block al Haiiiuiirtc
Stock at BrcintiD
Stock lit A iiiatcrilani
Stock at Koltenlam
Stookat Antwerp
Stoc at other coDtt'ntal porta.
I
Sor,5
bklM.
CCJ'S
1S81.
18H0.
1879.
esA.nno
42,000
668.000
50,800
485.000
4.-^8,000
36,0.'i0
58,500
f.07.0OO
521,950
62.100
2.300
19.138
,M 6.500
38.fV0O
718.800
81,300
5,500
33.700
22,000
41,«00
i7,Bro
1,000
1 .3(iO
21.400
23,400
18,030
22.800
516
1.1 :io
1.200
1,100
7,080
H84
5,300
5g!>
134.000
a.420
Total ronllneDtAl porta
ODOS
COib
*"•
tots
w««>
ODXl
1
— to
JOB*
-10>
-1-1
(--ii
ow.,
IS 00
(COD
::§
rt5
r;;
173,614
130,410
198.760
8i'2.41l
e.';2,36n
134.000
88.469
60S.080
EK}pt,Bin/.ll,.tc.,atlt forK'r'pe
00.1)00
8to(rk III llult*il States ports .1,112.930
.'):i.000
715,250
78,000
667.0O0
18.000
846.873
190,765
23,000
.
s»
I
totco
a*'
I
60
I
w
to to
u
toc:oa
CO
00
oboou
coon
00
oboO
COM
totoS
00
i^w
»at5
Mt3
to
™>
C)
OJtO
tcio
tcto
10 to
6(00
OD
C}<
to to
-id
^--C
^1
Ki.-
tCJ^O
s
to
w
tOM
t<.to
tot^
o:cJ
C;>
w;J'C
5"i
--•
to to
to to
to to
It-
totos
S s
I
^-
to..
«.•»
"-•
CX)
toiop
».»
- — (O
tv ti O
I
too
I
©«
I
10«
--I-JO
O'lO
to to
I
0-1
I
ODM
tow
coo
Sito too
ticio
o*-
»-•
»-•»-•
»*
"
'
to
too
o-io
r-
.—
0^
M
h*r^
—
>-*
(-*
AtiOO
&w
•"*—*-
CO!
»co
i, i.
»-Oi
1
-w
;
TTO=
10 O'
to
&:
O
*1
titfo
—
MHW05
(C'^1
t-ro
ow
CI.'
ots>
-l-lO
I
6-
u
tCtOc
tssec
1-0
li'
153,000
50,%00
49.K11
134,000
33,000
«C0o
S
660
too
00
1(1
01
000
I
o
@
CAcO
OLi-
123,000
58.500
38,750
7f<.000
18.000
613.716
420.414
302.86')
316 250
2,536.083 2,410.000 2,332,440 2,222,638
<fco
3.131,799 2,839.411 2,635,312 2.538.888
tihi\
5%d
7>2d.
ti'ied-
'-.
i^o n X 9
o
5K?
.-
3
o
totoc
-1-J
o t»ua~i*
IOXCCh
21
tj r. i:-ia. s:a
c: « CJ" ci *• cj -.0
- C-. C «^ r to 0-. — C. *-" *
4- 1" CO :; ST. *-o .owcjacroy,»-o-jici(-c:c: — lioo
o:wr.
C**
CJ-
l.^O<t<llCC0^
'
I
L-'
1
ccto-iMUkUtciro*' — to*^
M
cO
1
woi.c«cc;iio<ioci
1
r.
ft-
HtoS
e!®o
M
^1
I
too
fro
OD
— tOO^OWQO
--
to
-" -
1
-.0
»0l5
t
T
S
2:
» Ci-
3
*!
=".
-
coioudco-o toi?
K- :o
M
-c
-^
to to
Oi^-lWMOSJCtO*- — «J»--.l-**^0*^
pp
M C — O CC C QD W
M
CO
^ 'v'X
cc
M O; V
O -J X o «
M
k-*
M
til
00^1 — — ccjioiocno:-
I
CO
1
•-•
1
«p X i
o a-cot;
vt
I
at
1
*
Qc'»->.'b
»6--n
—
^^
-^ -1 -' Ci *.
- *- CO
O
c — w to Ci -q
— S :£ *- X
'
HCB
I
SP
tS
i'Sv
S. -.
•-*
c;:c;;»Ci*
Jt
J)
8
00 CO
-
lob"*^
•-
c
to
"S
c vr-ii-c oTXcxH-^MtotonoDc-i x**
c -iio MciC' j&toac
J-*-'C*li'xC*— '^cRxV
c w — 10
:£iiocooai-i
CiOl
-1-"
M
M
to 03
- to to to to *- 1-
-•l-l=>
tJ'03
I®
117,000
36,950
23,419
88.469
37.028
tiwO
00
t-lp-
5.=
182,000
42.000
125,716
206,000
60,000
I
to
TTO
i**o
846,873
190,765
23,000
to to
19
CClfiO
160,«)00
fi67,000
«)«
I
0>W
-10
335,000
...2,53t),083 2,419,000 2.332,440 2,222,638
^^-CD
't'^o
368,000
107,000
508.080
994.3SI
343.975
9.000
—
|fi»tO
o; c.
I
124.000
03O.0OO
842.477
279,523
28,000
—
CO to
91 JO
tO&J
i<
51.'>,000
13'>,000
The above flares indicate an increase in the cotton in sight
to-night of 312,385 bales a.s compared with the same date of 1881,
an increase of 516,487 bales a.s compared with the corresponding date of 1880 and an increase of 612,911 bales as compared with 1879.
l-l—
OM
s.-f
473,000
At the Interior Towits the movement that 's the receipts
for the week and since Sept. 1, the shipments for ihe week, and
the stocks to-night, and the same items for th- corresponding
period of 1880-81 ^ia set out in detail iu th"^ following statement:
-1
I
to
too
MlOO
1
o
to to
otoo
®>o
96,600 bales.
SIM
I
345.075
g.ouu
imports into Continental ports this week have befen
S5-0 2
to to
ec
ooo
tCIO
too
(£00
c.di
— C3
«•*•
5'io
too
I^The
"cb
crCD
I
to
2d.00o
(£e.-
Total visible supply...
E^ice Mid. Upl.. Llverpoo:
9113
tito
to to
0*1
CUIm
ccobc
toy
to
PI-
»-
K ioo
""'0
to
1
too
American
Total East India,
Total Amei-ican
1
20,500
445.000
liondon stock
CJonttnentai stocks
India afloat for Europe
Etfypt, Brazil, <&c., afloat
I-
©a
I
M v-i^
to
to to
IOC
Europe
Uverpool stock
»ctoo
C.Ci
—
afloat for
Ea$l IttdiantBrazilt
to
to 10
*-*
Total
b
too
I
ccoi
tot:.
^w
I
8-
I
27i;..VJ3
United States stock
1,112.936
United States interior stocks.. 34.5.647
Onlted States exports to-day..
20,^00
MM*.
^^^0o
I
« »
CD
too
OOo>
X UtOo
S ^
COi
9*
American
lOCOU
oscnm
I
lOtCi
liMtO
I
i*S
I
re
COQCf
tc<e<.
to to
COUCn
so
I
2
i 5
a
Liverpool stock
Coutineiital stocks
tOljO
to to
37.0'.'&
994..')91
812.177
34ft.e47
AnierUan—
MHOJ
to to
O.iO.OOO
Total visible aupply
3,151.799 2.839,114 2.GJ5.312 2.0 8.888
01 the aoove, the totals of American and other ilescrlptiona are iw tollowa
e,"
I
tstoo
-icrtO
2.250
6,000
2,932
264,716
..
Stock In U. 8. Interior porta..
nulled Btr tea exports (o-day..
«Oco
21»,7SO
S,.^)©
061.716
(udlaoottou adoat tor Burope. 2U6,000
AJiicr'n cottoa afloat for Eiir'pe 445,000
Total European fitock*..
I
127.750
3,000
8.2S0
2,500
10,750
*.
ifc-
OD
*J
ow^
It-
to
*cf K.
tC Oj
c: r; 10
t:
CO tc *.
CT)
:,
fcO
tSk
^ ® re to *^
o-.oo
«000
•Incliidos saes in September, 1881, tor September. 314,000
Scptomaer-Octobor for October. 410,400; September-November for Noveiuber
511,200; September Uceembor tor December, l,47J,10l); SeptemberJanuary for January, 4,252,500.
Includes for January, 1883, 100 at 11-71 and 100 at 11-75.
BInoludea for Jauuary, 1883, 100 at 11-71.
Qoojti ^'^itoyi
:
—
cocotOMtriCff)^
— pWO-pODp
o* VlMMJC-M
'ix:009tvt0
UH'tO'JOO' ^l
—
Transferable Orders— Saturday, 12c.; Monday, ll-90c.
Tuesday
ll-oSc; Wednesday, H-75c.; TUursday, ll-60o.; Friday, ll-70c.
Short Notices for February-Saturday, 11'893I1'92: Mondar.11-88'
Tuesday, ll-82®ll-84; Wednesday, ll-61l»ll-70.
^i->M — MtO»t»
C)«'
IC— OC —
fW«-icsot J WfiiCMCif^roacoaDio^to
M
roio
A
^
i^QO
MtO
lOJO
CODC:*
OMOODOcVw-^
M
CO
0-l*-'^i— CO«t-lCtOa't003-?MCR>eeO»0-v|
^p_O»0»3|0*k— p;l_-'-tC0iOe-3OtG0-'IW
ox'ocnro^o'titlj'tOccloV. xct' i-jI;mo
•^'fOJifa-tOCfiOtaDifb-UOlt.. 3;OUrO^ICD>i^
»---iww-itoo*>"-^— 5:vo:co3:otf-
I
;
The following exchanges have
-42
l>een
o
<;o
a<
A <i o O)
towccx^oooo
made during the week:
^ r—
to
ccto*JO^Oto» J. w*
Cc
pd. to cxcb.
-4J. pd. to exch.
'tl pd. t» exch
500 Mar. for May.
OOO May. for Aug.
1,000 May for Aug.
-£2 pd. to<!xch. 100 Mar. for Apr.
•••*2 i)d..toexcb. 200
Mar. tor May.
ta pd. to exch. 100 Feb. s. u. 9th
tor
retiiUar.
TOO pd. toexch. 1,000 Mar. for June.
Thb
-60 pd. to exch. 2,009 Mar. tor June.
-22 pd. to exch. 100 Mar. tor Apr.
•74 pil. to cxcb.400 Mar. for July.
-03 pd. to exch. 100 Feb. s. u. for
regular.
•23 pd. to exch. 100 Feb. for Mar.
1-2(1 pd. to exch. 100 Nov. for Aug.
105 pd.toexch.l,O00Oct. tor Aug.
Visible Supply of Cotton, as made up by cable and
is as follows.
The Continenta] stocks are the figures
jtfflaet Saturday, but the totals for Great Britaia and the afloat
the Continent are this week's returns, aad consequently
iBBMight down to Thursday evening; hence, to ma.ke the totals the
Uc^r&ph,
yc
^<i
CSWOiTC;»*.ltO
7X
WW— WMM
Vito'-itow*-w
**
-•
cDjc
co?=
^i.
—M
cotpk
ft
o»ci'~o:-'«a>oa>
>
— -I
•toio
— MMp — iOj&>*-5;i*iaDaDw^i
Qt/iox-jVc*-o*bcjV'r* 'rJDtscoM*aoO-i^-tOi^cc*j-ij. •-tio.*cs"*tociOQO
'-- — OM:flODCOi6*io^-.--i" !:.-•'-:— «cij^
The above totals show that the old 'utericr stocks have decreased daring the week 8,716 baits, and are to-night 66,1^
bales more than at the same per-i d last yeai. The receipts m
the same towns have been 24,358 bales less tban the same week
last year, and since Sept. 1 the receipts at all the towns ar«r
192,797 bales less than for the same time iu i8ti0-81.
Rbceipts from thb Plant ATioMs. The tol lowing table it
prepared for the ptirpose of indicating the actual movement eadi
—
—
9
.
THE CHRONICLE.
182
week from the plantations. Receipts at the ontports are sometimes 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 frec^uent inquiries we will add
that these figures, of course, do not include oyerland receipts or
Sonthem consumption; they are simply a statement of the
•weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports.
HKCEIPT8 FBOM PLANTATIONS.
Wetk
•ndinff-
Hot
as
]>ee.
2
«
M
M
i«
««
88
««
so
Jan. «
«•
J8
••
SO
87
SM). S
•«
••
10
....
JtutivU at the PorU.
Stock at Interior Ports Rec'pts from Plant'na.
re-'8o. 'so-'si. '8i-'»2.
'79-'80. '80- '81. '81-'
325,903
350.364
370.247
397.538
406,661
249.152|a)5,192 221,878 261,183
216.167 218.341 216.170 267.109
2»l,87fl a43,137 233.314 317.488
218.907 238.490 238.576 S13.50S
207.601 237.980 201,835 361.926
154.30a;196.435 195.808 355.943
:49.4tJ» 110.735 152,429 349.85i(
129.489 129.604 114,868 352.383
168.28(1 138.879 99,990 358.074
137.191 135.070 92.081 361.880
112.3BS 147.129
116,651 133.723
81. 'Sl-'Sa.
'79-'60.
294,33'
e 10,777
241,021
289,093: 219,295 £40,631
265,235 209.548 258.227
214,942j 267.438 263.867
229.C24 253.771 210.978
145,323 207,845 205.510
,225J4]6,383
,509|40«,904 143,402 1 0,01
142.970
,859 390,783 132,013 106.454 98.747
378 609 173,971
85.813
87.816
,5651361.776 140,997 124,342
95.057 357.916282,,48B,354.3«3 10S.S99 156.053
80.778 315,H75l27B. 528S45.617 107.913 130,757
78.248
84.644
78.063
,293
]
The above statement shows
1. That the total receipts from the plantations since Sept. 1 in
1881-82 were 4,18.t,064 bales; in 1880-81 were 4,497,819 bales; in
1879-80 were 4,3:2,192 bales.
2. That, although the receipts at the out-ports the past week
were 86,779 bales, the actual movement from plantations was
only 78,063 bales, the balance being taken from the stocks at
Last year the receipts from the plantathe interior ports.
tions for the same week were 130,757 bales and for 1880 they
were 107,913
bales.
Wbathke Repoets by Tblboraph.
—
equivalent to about ninety-seven hundredths of an inch of
water. For month of January I have to report average thermometer 43, highest 70 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
§ast week, the rainfall reaching three inches and seven hunredths.
The thermometer has ranged from 34 to 66, aver-
—
aging 51.
Mobile, Alabama.— It has rained on four days of the past
week, the rainfall reaching one inch and ninety-six hundredths.
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, highest 73, lowest 34.
—
'3elma, Alabama. We have had rain on two days of the
past week, and the balance of the week has been pleasant. The
rainfall reached three inches and thirty hundredths.
The
thermometer has averaged 50.
Madison, Florida. Telegram not received.
Macon, Georgia.—It has rained on two days of the past
week. The thermometer has ranged from 31 to 68, averaging 54.
Qolumbus, Georgia.— It has rained severely on two aays 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 thermometer has ranged from 41 to 73, averaging 58.
Augusta, Georgia.— We had heavy general rains on four
days during the early part of the past week, but the latter portion of the week has been clear and pleasant. The rainfall
reached two inches and forty-two hundredths.
Average thermometer 53, highest 74 and lowest 36.
Atlanta, Georgia. Telegram not received.
Charleston, South Carolina.— It has rained on three days of
the past week, the rainfall reaching seventy-eight hundredths
of an inch. Average thermometer 56, highest 71 and lowest 39.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
Rainy weather has continued the past week, especially in the Southwest, where the
rivers are over the banks. The rains and condition of the roads
in a considerable section still interfere materially with the
movement of the crop.
Galveston, Texas. We had rain on two days the early part
of the past week, but the latter portion has" been clear and
pleasant. Work and wagoning are still suspended. All streams
are out of their banks and some railroads are submerged. The
thermometer has ranged from 46 to 76, averaging 61, and the
rainfall reached sixty-nine hundredths of an inch.
Jndianola, Texas. It has rained on two days of the past
week, but as the week closes there has been a favorable change
in the weather. It is too wet yet for work or transportation.
The thermometer has averaged 60, ranging from 45 to 73, and
the rainfall reached forty-nine hundredths of an inch.
Dallas, Texas.— It has rained hard on three days of the past
week, but at the close there is a favorable change in the
weather. The rainfall reached two inclies and sixty-seven hundredths. The streams are overflowed, roads are impassable,
and work is suspended. Small grain crops are promising. Average thermometer 50, highest 64, lowest 36.
We had rain on five days last week, the rainfall reaching one
inch and fifty-five hundredths. Mud and slush are universal.
During the month of January the rainfall reached seven inches
and sixty-three hundredths.
Brenham, Texas.—Dming the early part of the past week
we had rain on two days, but the latter portion has been clear
and pleasant. The rainfall reached fifty hundredths of an inch.
The roads are impracticable, and work is suspended. The
rivers are up, endangering some lines of railroad. Average
thermometer 55, highest 72 and lowest 41.
Palestine. Texas.— \i has rained on one day of the past
week, the rainfall reaching nine hundredths of an inch. As the
week closes there is a favorable change in the weather. On the
uplands some little work is being done. The streams are overflowed. The thermometer has averaged 51, ranging from 37
to 64.
Nero Orleans, Louisiana. It has rained on three days of
the past week, the rainfall reaching sixty-two hundredths of an
Jnch. The thermometer has averaged 59.
Shrevepbrt, Louisiana.—Thu weather has been generally
fair during the past week, with heavy rain on the 3d inst.
The
lainfall reached three inches and sixteen hurdredths. The
thermometer has ranged from 40 to 70.
Vickshurg, Mississippi.— \fe had rain on three days during
the early part of the past week, but the latter portion of the
week has been clear and pleasant.
Columbus, Mississippi.— It has rained on three days of the
past week. The thermometer has ranged from 32 to 68, averaging 52, and the rainfall reached two inches and thirtj-three
hundredths.
Takings by spinners. .bales
Average weight of bales ...
Takings in pound-s
Little Rock, Arkansas.— \\e 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
in
—
—
—
XXXIV.
[Vol.
—
February
9, 1882,
and February
10, 1881.
Feb. 9, '82.
New Orleans
Memphis
Nashville
Bhreveport
Vlckebure
*e(
Below high-watermark ..
2
Above low-water mark... 35
Above low-water mark... ao
Above low-water mark... 2H
Abave low-water mark.
13
Feb. 10, '81
Inch.
3
Feet.
Inch
4
12
14
17
11
30
6
2
9
2
7
.
9
New
Orleans reported below high-water mark of 1871 untW
Sept. 9, 1874, when the zero of gauge was changed to high- water
mark of April 15 and 16, 1874, which is 6-10th3 of a foot above
1871. or 16 feet above low-water mark at that point.
—
New York Cotton Exchange. A ballot will be taken next
Monday regarding candidates for membership, and further
applications are beiag made.
transfer.
Seats continue to be posted for
The following names
during the past two weeks
W. F. Alray, Bostou.
of visitors
have been entered
:
Lawrence Boland, Baltimore
New
George O. Sears. Boston.
Cliiirles Dillingham.
Z. Brown. Cincinnati.
Orleans.
H. Shutc. Boston.
8. N. Yeoman.
G. Man]}-. Maryland.
Thomas Appleton, Boston.
Edwin JIaybrick, Norfolk.
J. H. Wood, Bristol, Va.
W. D. Van Dyke. Chattanooga.
T. Hessel, Boston,
A. G. Smith, Clinton.
C. H. Pilfer, Concord, N. C.
N, Wilzinski. Oreenville, Miss.
G. T. Keet, Missouri.
J. C. Keet, Missouri.
Florence Minis, Savannah.
M. W. Joyce, New Orleans.
Jiio.
Ootbout, San Autonio.
Gus. Mayer, Vicksburg.
A. L. B. Zerega. AlUie.
Siegfried Olrich, South Carolina.
Meyer Augusto, Ga.
—
EoBOPEAN Cotton Consumption to Febhuaey 1. We have
received by cable to-day Mr. Ellison's cotton figures brought
down
to February 1. The revised totals for last year have also
been received, and we give them for comparison. The takings
by spinners' in actual bales and pounds have been as follows:
Frotn
Oct. I to Feb. 1.
Oreat Britain.
Continent.
Total.
For 1881-82.
Takings by spinners. .bales
Average weight of bales.
Takings in pounds
.
911,C90
2,083.720
519,09S.060
400,459,020
919.557,0S0
1.089,430
851,350
441
375,445.350
1.910,780
1,174,430
442
110
For 1880-81.
.
451
491.(501,220
lis
870.04.1.570
According to the above, the average weight of the deliveries
Great Britain is 442 pounds per bale to February 1, against
The thermometer has ranged from 35 to 67,' averaging 49
Our Little Rock correspondent writes: "I have been "absent 454 pounds per bale during the same time last season. The
and missed sending telegrams for two weeks. For week ending- Continental deliveries average 438 pounds, against 441 pounds
January 19, 1882. have to report as follows: Fair on two
last year, and for the whole of Europe the deliveries average
day?remainder of the week cloudy, with rain on each day:
average 440 pounds per bale, against 448 pounds during the same
thermometer 42, highest 65 and lowest 24; the rainfall
reached period last season. In the following table we give the stock
three inches and sixty-nine hundredths, with some
sleet on the
18th. iuT week ending 26th: Friday, Saturday,
Sunday and Monday fair or clear remainder of week cloudy and rainy;
average
thermometer 46, highest 70 and lowest 29; rainfall fifty-five
huudtc'dths of an mch; on the 30th we had ten
inches of snow-fall
held by the mills, their takings and their consumption, each
month sinoe October 1, all reduced to bales of 400 pounds each
for this season and last season. It is a very convenient and
useful
summary.
.
.
Febbuaht U,
Oct. 1
JBaltt 0/
(()
THE (CHRONICLE.
1882. J
26,463 bales lew than at the laaui time in 187{)-80.
1880-81,
1881-82,
Frh. 1.
to the
400 lb: eath.
Qrtat
Britain
Contintnt.
areat
Britain
Conti-
28,
"336,
240.
133,
a«s.
469,
271,
112.
129.
130,
400,
Total supiily
Consuiuptiou luOct..
361.
280,
373.
232,
734,
012,
208,
264,
241.
216,
539,
480,
Bpinoers' ntock Nov. I
TftUugs In .November.
81,
2-22,
34,
671,
314,
25,
237.
69.
363,
141,
308,
551,
Total mipply
Conaamptioii in Nov
444,
280,
449,
261,
893.
S41,
348,
264,
262.
216,
610,
480,
164,
338,
18S,
352,
645,
84,
46,
307,
382,
331,
130,
713,
502,
350,
495,
261.
997,
611,
TeeT
349,
377,
276,
843,
625.
152,
261,
234.
253,
386.
514.
117,
269,
101,
241,
218,
510,
413,
280,
487,
232,
900,
512,
386,
272,
342,
218,
728,
400,
133,
255.
3S3,
114.
124,
000*
omillttt.
BplDuers' stock Oct
TaUligs In Ootuber.
1.
.
.
Bplnners' stock Deo. 1
Takings in December.
Total supply
Consumption
Dec.
lu
Bplnners' stock Jan. 1
Takings In January..
Total supply
Consumption
Jan.
in
Spinners' stork Feb. 1
ratal.
i\ent.
27,
Total.
last
year
is
made more
238,
1
striking
by
1880-31.
1881-82.
000s omitted.
Ore(U
Britain
Continenl.
tfreat
Total.
Britain
Continent.
Total
25,
Takings to Feb. 1.... 1,298,
240,
1,001,
265.
2.299.
27,
1,236,
112,
938,
139,
2,174,
Supply
Consumption
1,323,
1,190,
1,241,
1,263,
1.149,
1,050.
9S6,
2,564,
2,176,
926,
2,313,
2,075,
Spinners' stock Feb. 1
133,
255,
388,
114,
124,
238,
Weekly Consumption.
00« omitted.
In October
In November
In December
In Jnniiiiry
70,0
70,0
70,0
70,0
58,0
58.0
53,0
58,0
128,0
128,0
128,0
128,0
66,0
66,0
68,0
68,0
54,0
54.0
54,5
54.5
120,0
120,0
122,5
122,5
eplnners' etock Oct.
shall be able to reaoh
an exaot eomparison of the movement
1881-92.
1880-81.
I
1879-80.
Tot.Ju 31 3,741,540 4,025,800
Feb. 1..
12,592
22,962
" 2..
11.049
13,075
" 3..
22,348
21,769
" 4..
10,059
27,938
" 5..
8.
26.031
" 6..
16,697
8.
" 7..
14,970
20,763
" 8..
12.207
23,485
" 9..
13,350
18,721
"10..
19,496
17,049
1877-78.
1878-79.
1876-77
269,740 3,089,216 3.101,069
28.495
86.304
23,468
8,
19,798
33,487
B.
23,729
38,011
38,541
38.864
8.
20,000
23,999
28.732
23,378
22.343
25,353
28,634
16,653
17,146
22,606
24,175
19,037
15,100
S.
25,768
31.476
8.
15.706
,768.011
8.
33.880
20,354
15.208
15.882
21.929
11.289
8.
34,138
12.915
Total
Oet. 1 to Feb. 1.
each.
By adding
totala to Jan, 31 the daily receiptH since that time,
for the different yean.
bringing together the above totals and adding the average
weekly consumption up to the present time for the two seasons
lbs.
we
above
3,874.317 4.222.593:3,922,306 3,499,999 3,269,979 3,308.277
Percentage of total
port reo'pu Feb. 10
71-981
78-70'
78-42
75-25
81-93
This statement shows that the receipts since Sept. 1 ap to
to-night are now 348.278 bales less than they were to the same
day of the month in 1881 and 47,989 bales \em than they were
to the same day of the month in 1880.
add to the table
the percentages of total port receipts which had been received to
February 10 in each of tne years named.
We
The comparison with
Baiei of 400
188
1.
—
India Cotton Move.mbst from all Ports. The figures which
are now collected for us, and forwarded by cable each Friday, of
the shipments from Calcutta, Madras, Tuticorin, Carwar, Sic,
enable us, in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week.
first give the Bombay statement
for the week and year, bringing the figures down to Feb. 9.
BOMBAY RECEIPTS AND SHIPMENTS FOB pons TEAKS
We
Shipments
The foregoing shows that the weekly consumption in Europe
continnes at 128,000 bales, of 400 pounds each, and that the
mills both in Great Britain and the Continent have better
still
viewing the cotton trade of 1881.
JUeelpts.
1.
This
Week.
Continent.
Total.
61.000
61.000
38.000
21.000
170,000
88,000
04.000
45,000
Since
Jan.
1.
235,000
139.000
116.000
87,000
47.000
26.000
27.000
18.000
According to the foregoing, Bombay appears to show an
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 an increase of 82,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows.
eALOUTTA, MADRAS. TCTICOKIN, CARWAR. RASOOON AXD KCRRACBEE.
—
—
Oreat
Total. Britain
1882 27.000 4.000 31,000 109.000
1881 1,000 39.000 40.000 27.000
1860 5.000 5,000 10,000 26.000
1879 7.000
7.000 24.000
Shipments
stocks than a year ago that is to say, together they hold
388,000 bales, against 238,000 bales same time last year.
Elusos's Cotton Review for 1881. In our editorial pages
to-day will be found Mr. Ellison's very interesting circular re-
Shipments since Jan.
this week.
rear Oreat ContiBriVn. nent.
Year.
1882
1881
1880
1^79
Great
Britain.
this
Continent.
Shipments since January
meek.
Oreat
Britain.
ro<a{.
12,000
11,000
4,009
2,000
16.000
13.000
2.6o6
i'.obo
6,6o6
46.000
53,000
8,000
14.000
Oonttr
1.
Ta<<u.
netvt.
71,00#
89.000
14,000
22,000
25,000
36,000
6,000
8,000
Jute Burrs, Baooiso, &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 than same
considerable going on contract, manufacturers delivering quite week last year. For the whole of India, therefore, the total shipfreely. There are not many inquiries for large parcels, but ments this week and 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 8Mc. for IJ^lbs., 9c. for 1% lbs., 9%@
9Mc. for 2 lbs. and lO^c. for standard grades.
Butts have
1880.
1882.
18S1.
S'^vmenli
not been active, and we do not hear of any large parcels
to ail Europe
This
Since
This
Since
This
Since
moving. There has been a fair inquiry for small lots, and some
fromrJan. 1.
Jan. I.
meek.
week.
Jan. 1.
week.
1,500 Dales are reported placed at full figures. Prices are
about as last, thougn an easy feeling is noted, and while some Bombay
88.000 10.000
64,000
31,000! 170,000 40,000
89,000
14.000
holders ask full rates there are some who are disposed to shade All other p'rts. 16,000| .71,000 13.000
a fraction. At the close the market may be quoted at 2%@
78.000
Total
47,000 241,000 53,000l 177,000 10,000
2?4c. for paper grades, and 2%@3c. for bagging qualities.
This la.Ht statement affords a very interesting comparison of the
CoMPAKA'HTB Port Receipts a^d 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 arrangements
the month. We have consequently added to our other standing
we have made with 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
con-stantly have before him the data for seeing the exact relative of cotton at Alexandria, Egypt. The following are the recwpts
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 Beginning September
Monthly
Receipts.
1881.
Bept'mb'r
October.
1880.
Hovemb'r
Decemb'r
425,770 458/478
837,349 968,31?
951,078 1.006,501
983,440 1,020,802
Januiiry
313,912'
.
571,70:
1879.
333.843
888,492
942,272
956.464
647,140
1878.
288,84^
689,264
779.237
893,664
618,727
Feb. 9.
1877.
98.411
578,533
822,493
900,119
689,610
1876.
236.368
675,260
Receipts (oautars-)—
Tills week....
Since 8«pt. 1
787.769
500,680
I
08-53
75-34
73 52
7108
76-82
This Statement shows that up to Jan. 31 the receipts at the
year were 284.251 bales less than in 1880-81 and
ports this
70.000
50.000
2.577.550
2.3!K),00O
Exports (bales)—
To Liverpool
To Continent
Total Enropo
1
75.000
3.050.00O
This
Since
week. Sept. 1.
Since
This
week. Sept. 1.
This
Sittee
week. Sept. 1.
901. 392
Totalyear 3,741,549|4,0a3,800 3,768,011 3,269,740 3,039,246 3,101,909
Pero'tage of tot. port
rec»iple Jan. 31..
1879-80.
1880-31.
1881-«<2.
1.
i|
1
1
5.000 165.000 14.000 219.500
!>,000 185,000
11,J26 116.642 10,416 67,498 5,488 125.757
•20,526 301.6421 15,416 232,498 Il9.488
345,257
Aeautarl8 931bs.
This statement shows that the receipts for the week ending
Feb. 9 were 50,000 cantara and the shipments to all Europe
were 20,526 bales.
•
.
„
.
THE CHRONICLE.
184
Mahchestbe Markbt.—Out report reewved from Manchester
twists and shirhnp is
to-niKhf Ktat«' that the market for both
We ^ve the prices of to-day below, and leave
flat and easier.
previous weeks' prices for comparison:
CoU'n
8>4
H-U Cop.
n.
it.
"
l(i
ss o
B
»>*
•(•Jsaiii
Jan. 6
ii^aaio
6
6
)38dl0
t?
W
10
-»
•'
a
d.
9
8.
S'S
as
®3
a?
aio
e%
11% alOi-a
9% ai(ii»
fl38®]()V,
938 810^16
o
o
—The
UpMt
rt.
W
658
6I3i,
11a
Ii>'l6
1
fi\
1-
4^ 6%
as
'-"1(1
Mid.
.1.
i>sas
O
as
as
6
6
' 10
d.
9^ellJ
®8
if.
«>?
Vsas
!)Hl»10
Feb. 3
95g
6:ii6
7ia»8
" 20
9^ 9
lifl
e
" 23
• 30
••
®8
G
d.
(1
Oott'n
8I4 lbs.
Shirtings.
Oo/J.
TJpl s
a.
(1.
9
(138
Mil
lbs.
Shirtitigt.
iwittt.
32»
659
e'le
6*16
«»1«
3
!1'8*8
'^'8
9'8«8
UT8«8
278
278
exports ot cotton from the
t
inclade the manifests of
nicrbt of this week:
up
cleared
all vessels
t;
Wednesday
Total
Haw YoKh—T(>
... Si-vtbia,
..W..uuiiii.ir.
Of which exporters took
Of which speculators took..
Sales Amerloau
Of which American- Estim'd
Total import of the week
Of which American
Hull".
f-'iiw.
I-
—
.
Total
The particulars of these shipments, arranged in our usual
form, are as follows:
Liver-
Texas
Wiliiuu)^>n
Nortolk....
Baltimore.
Eogton
Pbiladelp'a
2..-41
2,;.^^
7,31)3
Fran Cisco
123
8.
'MM
3,019
Rotter-
Ijur/j.
1
dam.
aga. .Cru:.
,625
4.503
727
i.ci";
1,107
7495
1,107
2,241
2,448
7,363
59
059
650
123
.steamer (Br.), Bliyliuru, from Savannah, January 9, for
pat into St. Mic!i,ieU prior to Folnuary 2, wil;U rudder
Would repair and proceed.
VIDAL Sai.,v. sWamer (.<p ), before reported, from Savannah for Barcelona, re-lou(li:tt carfeo at Charleston and sailed thence February
2,
for nestitiation.
Naples, atojiuer (Ur.), from S.vanuah for Bremen, arrived at Bremen,
•'"•
B. . H.
o ".1!'"''
P"" *""* •'''"" O" Are aud damaged her i inro.
iSLLA
llI.vvKi!,_8hip, ai l.ivirpunl. January 23, from Now Orleans, on
IJiecmlier J/ in lat. 3 1, Ion. 73, in haavy southwest gale, shipped
lar^o quaniities of water and lost one boat, a portion of the starboard ipiartcr rail and etaueUions,
8
13.
;aj«pi>l,
slUmtl^- rtisabloil.
,
Cotton freights the past week have been as follows:
Uveri>ool, steam d.
Oo
sail...!/.
<
Havre, sieain
Do
Do
Satur.
Hon.
Tiie».
Wcihiea.
Thura.
Fri.
73.89.,.,
7.,oS,9.,„
»isak
3l6®'4
>mA14
•'io»M
3ia®>4
3lB®i4
3i8a>4
'loai.j
''v.ai^
3l6®>4
'is® "3
3ju®l4
aioa'4
'lb® "a
7x6
0) "a
''l6®'3
k'
H'
'lusis
fie® "a
716®"*
'16® ^
^1.
"i«
'16
'is
''u
'ifl'
'"
"h
•a
a
"^
Hail IK
3837,8
%S7i5
"32
"n2
sail
Bremen, steam
.
,
•
salK.
Hamborg.stcaiii
Do
saU
!
.
Amst'd'm,
Do
steaiii
sail.
"a
i
Baltic,
_Do
*
steam
1
gall
,.
OompresseUr"
'
»'.12
208.001
60,000
3,200
1,290
45,000
4,100
9,600
655,000
473.000
92.000
73,000
366.000
232,000
Saturctay Mondat/.
Tuesday
Wednes, Thursd'y.
Friday.
Spot.
^
Dull
Fair
Fair bus.
at previ-
demand
&
K;is'.er
Dull
and
fr'ction'ly
and
easier.
cheaper.
659
easier.
ous prices. freely met
058
658
iVii
.Orl'ns
63i
10,000
8,000
Sales
1,000
1.000
Sppcife exp.
6=8
-Id.Upl'ds
6:Si
S.OOC
1.000
10,000
1.000
Very
flat.
69)8
6iii6
61a
6l'i«
8,000
8.000
1,000
500
l^utnres.
Market,
12:30 P.M.
Dull
Weak.
{
Weak.
Oull.
but
steady.
J
Fliiotuatiug.
Weak.
Dull.
Dull.
Flat
and
irregular. Irregular.
The actual sales of futures at Liverpool for the saaio woik are given
below. These sales are on the liasis of Uplands, Ijow .Middling clausi
unless otherwise stated.
Saturday.
Delivery.
Feb.-Mar
Mar.-Apr
Apr.-May
Delivery.
d.
%a'ie
''33
'sa'ig
11»2
Delivery.
d.
6»l32®59
May-June
62732
62333
62032
June-July
6''8
6193a
61832
Ot'is
fi\
April-May
May-June... 6i3iga-033
Juue-Jdly
62733
Ma'-JunJuly-Aug
d.
...6i»u
62932
Monday.
Feb
Feb.-Mar
Mar.-April
July-.Vug. ..Gi5iaa29.53
M.ar.-Apr
62133
July-Aug
678
Tuesday.
Feb
Feb.-Mar..
Mar.-Apr
.69 18
6»i6
62132
I
I
Apr.-May
June-July
623.,3 Aug.-Sopt
^.^^xa' .viay-Juue
July-Aug
6''8
62»3j
a\
Wednesday.
Feb
01732
61733
Feb.-Mar
Mar.-Vpr
658®^9.j.j
Apr.-.May
6II18
Mar.-Aiir.. ..69ioftn.,2
April-May
65a
Ma.v-Jiine ..eiii^asi^g
O^'i^g
June Inly
July-Aug
62533
Feb.-Mar
61333®7,^
Mar.-Apr
Q^^ti^'S'^
Apr-May.6i7.ooa Uiao,-
>ra.v-June
June-July
623,2
625^2
July-Aug
6'-7.,o
'
Aug.-Sept
679
Jal.T
THirnj.DAr.
.\ug.-Sept
6:3,
Apr.-May
6l>ig
\'ir.-.Miv
Mav-.iune
69 is
esg
6I&32
July-Aug
6\
62332
62532
658
Mji.v-.Tune
621.^3
.iune-July
""is
6ii':i2
Aug.-Sept
6I81J
6I933
May-June
658
0i».,2
6is.,2
Feb.-Mar
Aug.-Sopt
Ma.v-June
6lSie
62133
627jj
.Tune-July
Fell
Friday.
July-Aug
Aug
Apr.-.May
Aug.-Sept
July-Aug
I"<t
Total.
19,223
33.451
7,199
9.030
1,700
Total... 72.S<13 1.617 3.279 8.3.)2
50 1,700
727 90,030
fneliided in the above totals are, from New Yoilc to Hull, 308 bales, to
Glasgow, 1,034 bales, ana to Antwerp, 150 bales.
Below we givn all news received to date of disasters to vessels
•arrying cotton from Unite 1 States porta, etc.:
AiliUVi.
6 1,000
290,001'
Feb. 10.
been as follows:
May-June ..-69i6®i933 Feb.-Mar
62I32 Apr.-May
June-July
Vera
Mai-
1,U7
6.082
9.030
4.»jl
8avauuab..
Uam-
<£•
onters. Harre.
pool,
New York.. ]5.84i:
N. Orleans 24,229
CbarleHton
Bremen
for
ul.OOO
2,500
3,700
45.000
3.400
9.800
632,000
452,000
70.000
50.000
360,000
248.000
The tone of the Liverpool market for spots and futures each day of the
week ending Fob. 10. and the daily closlug prices of spot cotton, have
90,030
.
107.000
74.000
295,000
204.000
—
American
I
Cork,
430,001'
Amount afloat
Feb. 3.
48.500
2,900
1,940
36,000
3.000
8,000
631,000
454,000
89,000
14..'. 00
597,000
Forwarded
Total stock— Estimated
Or which
Jan. 27
67,000
2,200
2,100
49,500
4,100
bales.
15,846
2,460
SOS
PIT sieaiuerGulileo, 30H
1,034
per steanieiK Fmue.^sia, 1.025.. .Scandinavia, 9
260
f,
Laurei
260
ToHiivio. pi' St cam w, St.
1,595
Til JiirimMi, 1 cr HteaiiiiT Oder. 1, 595
3i)
Wielnnd,
30
To IIiiiiiliiui;, per steamer
150
To Aiitwii p, per steHiuer Belgeulaud, 150
EiuUiaiio,
.steaTners
4,500
I'll
L,ivt'rp"oi,
per
Raw i>ai,KA.\is—
Jiiaun, 3,200 .. .Oxeiiliolme, (),»05...Puertiiriqueuo, 4,680
24,229
....pursliip Mrliuerhy, 5,141
3,019
ToH.ivrn. pi'r bark Pliis-n, 3.019
4,503
Iken,
4,503
BreiiiPii,
per
bark
Senator
To
1,700
To Milii;,'a, per bark St. Olaves, 1,700,
Andrew
Jac-kson,
3.-521
ship
lo
Liverpool,
CuARLE.^TiiN
i>er
aau 231 -ea Islnud ...per brigs J.iliana, 1,100
Uiiian
6,082
Upiaiiil....Leonardl, 1,230 Upland
1,117
To Fremeu, per bark Kxpedit, 1,117
S.iVAN.NAii— To Liverpool, poi- ship Alfred, 4,949 Uiiiaau and 5
9,030
Sea Island
per bark Stratliav", 4,076 Upland
HerTbxas— To Liverpool, per liarks Heurik Ibsen. 1,7T0
4.851
mauos. l,3i4....Sl«ri!l, 813. ...per brig Mary, 934
To Cori,, for orders, per bark Vii-fio, 1,617
1,617
727
To Vera Cniz. per steamer WUitney, 727
WiLMiNiiTON— To Bremen, per brig Expre*, 1,107
1,107
NOBKOLK— To Llveriioiil. per baik Aufiintyr, 2,241
2,241
Balti.mokk— To Liverpool, per ateaiue.' ( aroiina, 2,398
2,398
To KolU-rdam, per steamor Nederland, 50
50
Boston— I'll Liverpool, per Bteaiiier.> Atl.as, 1,239
Iberian,
1,6J4. ...Iowa, 3,442 ...Istrian, 1,018
7,3 3
Pim.Ai>KLi'lli.\— To Liverpool, perste.imer Indiana. OiO
650
8*.N Francisco—Tc Liverpool, per bark Tamaya, 123 (foreign)
12 >
To
T.>(;ia
—
week
-Market,
5 P. M.
iicr RtrmiitTB Germanic, 2,624
Kfipubllc, 2,102
Lako Manitolia, 3.191
2.198
Sales of the
XXXIV.
tialrr.
Livpri'ool.
Itiilv.3.2l>:t...
Jan. 20.
Market,
>t.
12:30 p.
Urdted
States lie past week, as per latest mail returns, have reached
90,030 bates. So farasthi' Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chroniclb last Friday. With regard to New York, we
News.
Shippinq
[Vol.
Actual export
1H8C-81.
;83l-S2.
Dm.
»
11'33
LIVBBPOOL.— By cable from Liverpool, we have
the following
•tatement, of the week's sales, stocks,
&e ., at that port:
BREADSTUFFS.
FmuAY, P.M.. February 10, 18t-2,
market was fairly active and firm for the first half
of the week under review; the demand, however, was mainly
for export, as the local trade was held in check by the extreme
difficulty of delivery through our snow-encumbered streets.
The check to the home demand weakened pi ices for the medium
and better grades, and yesterda.v, under Western advices, they
were sold freely at a reduction for export.and the close last evening was very unsettled. To-day the feeling was one of depression,
especially in the high grades. Rye flour has remained about
steady ,but closes weak, and corn meal without quotable change.
Buckwheat flour advanced, and on Tuesday there was the rather
notable sale of 1,000 bags to arrive from Chicago at $3.
The wheat market was feverish and unsettled throughout
most of the week under review. Some of the Western markets
yesterday became very unsettled and depressed, and we declined
sharply in sympathy. Receipts at the West continue in excess of
last year, and Western holders have made some effort to reduce
stocks by shipping to various European markets on consignment. To-day the market has been quite irregular, and the
close is somewhat unsettled; No. 2 red winter $1 41^ for
March, $1 43% for April and $1 42M for March; No. 1 white
$1 3054 on the spot; spring growths still quite nominal.
Indian corn has declined materially. The receipts still ex-
The
flour
ceed at the West the corresponding periods of last season,
and the pressure to sell has increased, while the decline has
not appreciably augmented the demand, which hai continued
moderate, whether for export or home demand. The Western
markets feel the absence of a Southern demand, which is retarded by the long succession of laws in that section, and stocks
are maintained at full figures. To-day the market for mixed
was dull and unsettled. No. 2 graded closed at 68J^c. for
March, 69Mc. for April and 70>^e. for May.
.
FKDnnxBT
11.
THE (3HR0N1()LM
H*2.J
hu
18.)
ruled doll, with prioefi Rhowiog mor« or lem depT««>
Uarley and barley malt hav« been quiet, bat are firmly
held. Oata have been qnite depressed; the accamalation of
snow in our Htreeta has broagbt the lucal trade nearly to a
Hondaru,
FLOUR.
therefore
inclined
drooping
tendency of the staple.
There wan a freer damand for brown eotton s
lem hesitancy oo the part of buyen t«
take hold at current prices, and colored cottons were In steady
though moderate demand, at anohanged prloea. Kiae bleached
Btand still; No. 2 mixed, for future delivery, sold to-day at shirtings and cambrics were in fair reqneet and Ann, bat low.
grade bleached oottons were ilow of sale. The supply of plain
iS^/ic. fur March, 48^0. for April and 48^c. for May.
and colored cottons is by no means large, and holders are not
The followiu); are oloslnif quotations:
Rjre
ioD.
8 «i>rl
2
anrluK. V bbl. $3
3
No. J winter ...'.
V» iiiUii siii' 'i'""
4
i
Bpi'InK miiwrllue
Mi>.
Nil.
. .
Biiiiiiurt(i
wheat
exlriM..
XXttCilX.\.K...
Wix.
A: .Mil II. ryiMiiix.
Wliiloi-Kliliip'Ku.'ctnM.
ill!
XX audXXX...
PuteiitN
20» 3
40» 4 10
City sblppInK extras.
!k>iitlierii Imkors' and
«.•
fi.iiidv i>"»niln
9u.(iu' 1 Hkip'f£ v-xirua.
K.Mttlniir, Diiperllne..
f'oni lueul—
•l.'S
:<fi»
4
iot 4 0O
4 7bf 5 2.^
ftiO» 7 2:.
7 00
5 00d 5 50
ft 6J9
7 30
7 00» 8 75
6M»
$0 759 7 SO
«2(M»
7}
-iija
4
63*
Bnniilvuliie. .Vp
U (K)
5 10
3
GRAIN.
Oats -
Whent—
I
Sprtiiir.iior lm«li.
No. 2
Hprlii).'
1
32
3913;
I
30
I
3.^
»1 33
«1 42
1311
Ku<l wiiitvr
Reil winter. No. 2
WUit«i
1
40
«1 3S
05
66
CX)ni— Wcft. niUtHi
West. mix. No. 2.
Wosteru yellow..
WwHTii white ...
Southern white..
»<<ililhiM'n ynllow.
Rye— <Jar
•!
$1 20
73
70
85
73
93
97
XI
lul8
96
Boat loads
Wh1t«
No. ! luixpd.
No. 2 wtiite
Barley
»
No
48
»
14
»
47% »
.
—
('iiiiaila
1
l(i
• 1 15
al 17
.Stuti-.
1
05
00
9 03
1
17>«»l 30
98 «1 12
8U ® 82
Ciiiiiida
TO
75
75
70
n
44
Mlxi'd
I
brUht...
4-rowed...
1
State, 2-rowe<l...
Barley Malt—
Uaiiiula
State
Buckwheat
(From llu" .Vew TirA: fril'v^' K'e^1f^le ir«'c'/."i
Receipts of doar and ^rain at Wrtxtern lake an 1 riv.-!lor the week ending Feb 4, 1882:
Flour,
Oatg,
bush.
i5li<6«.l
biisk,
(S'2lba.)
Whciil.
tba.i
Otiloaico
6;l.0S4
MUvankea
6l.82>
300
Iole<lii
DetroU
Olevelaml
12,212
4,356
Bt Louia
28.ni;9
2,125
Poorta
Dulutta
Tot«l
..
..
1
supply of
bu.Kh.
bttsfi
(4S«M.I
467.1>iO 120.393
191.330 l,23l.4(i7
3ir..374
72.970
121.931
11 1.6 it
74.323
16,146
6,87.->
59.6 .0
274.030 76 7S0
16,575 4.:o.3iO
16,420
73.87.> 106.810
9.033
15.960
30 80O
118,680
i
0.">.850
/9.475 1.0^2.858 2 6-2.277
Same diue '81.111,139
The
Barley.
Ciirii.
bush.
(IMtbi.i
bb-.t.
i\m
il—
13.3.54
12.4.50
28,.500
15.9.50
811.678 297.457
732,361 193 510
611,411 l.l7J,-tJ2
.56 lb'
19 105
12,000
3 6
413
6.234
17,250
.55
418
:i9,373
the stocks in granary
%t the principal points of accu'nilatioa at lake and seaboard
ports, and in transit by rail and water, Feb. 4, 1882, was aH
visible
jjrain, cuint>rij)ing
follows:
In store at
—
Hew York
Do. uHoat
(est.)
....
Albany (28tb)
Buffalo
3bicaco
MUwaiikee
DuUiUi
Toledo
Detroit
Oaweiti'
Bt. LoiiiH
Boston
Toronto
If ontn^al
PUlliMl.liiliia
Peoria
Indluiiniwlts
Kaii^afl City
Baltliii' re
Down Mississippi.
Ou rail
Tot. Feb. 4. '82...
Jan. 28, '82
Jau. 21, '82
Jan. 14, '82
Jau. 7, '82
Feb. 5, '81
Wheal,
htuh.
t'orjt.
bush.
4,283,722 4.373,9.19
799.000
221.000
9,500
88.0 JO
17H.9J4
478.392
3.667,239 5.918,612
1,5.53,364
25,539
C80,500
808,419
594.753
783.082
19.760
110,000
150.000
837.937 2,18S.S61
35.326
303,348
293.616
96,559
59.'oi.5
394,620
392,316
7,668
364,132
298.000
128.000
232.537
100.471
1,348.182
780.389
6,372
30,294
803,465 2,397,426
OaU,
biuth,
418,120
166,000
34,500
43.317
Ryr
bush
123.235
21.5.000
2').00,)
Barley,
bush.
183,000
>
332,127
46123;
17,337
273,11'8
115, o7d
10,000
13.278
10.857
725,0(10
20.000
85,793
158,172
12,879
and skirtings.
Domestic Woolbn Qoodb.—There was a better demand for
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 trouserings have received a good deal of attention, and fair orders
were placed for such fabrics at aslight 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
Overcoatings continued in fair request, with most relative activity in
plaid-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
moderate, but there was a fair m'lvement in cassimeres on
account of back orders. Kentucky jeans remained quiet, and
satinets were lightly dealt in.
Worsted dress goods and dress
flannels have been fairly active in agents' hands, and there jras
a satisfactory business in carpets.
FoREioN Dry Goods have not shown much animation in
either firnt or second haud.s, the iticlemi-ncy of the weather
having militated against their distribution. Imports continue
heav.v, but prices of the most staple fabrics are well maintained
in this market and at the sources of supply in Europe.
luporlatlons of Ory Uuoda.
The
imiiortatioas of dry goods at this port for the
17,017
36,789
li',708
10.5'6'71
week
ending Feb. 9, 1882, and since January 1, and the same facts
for the corresponding periods of 1881, are as follows:
849
31,934
303.54.5
notwithstanding the
Print cloths have ruled
boainese,
has been so unsatisfactory that an early curtailment of prodactlon is highly prubable. Ginghams were in irregular demand,
and there was a fair business in cotton dress goods, seersuckers
63,500
856.454
144.159
108.824
4,554
56,120
140,671
264.167
59,900
36,014
presa
in sympathy with prints, and prices were almoet nominal
at 85i©J i3-l«c. les.s >i per cut. for 64xC4s, and 3M©3 5-16fl. fer
66xtf0s, some small sales having been made at a fraction below
these figures. Prints were slow of sale, and the demand of late
301,7119
38,092
15,546
to
HOD quiet
3 3S» 3 75
3 7.^^ 3 85
239 3 60
Wextern, A«
Rllnkw't flulir.tOOIlHl.
Ac.
at first bands, with
O
£.
r
olH
f|g9|g
'-
;:
16,900
9,162
:
:
:
S
Si
8:
ei
:
iiiMi
I
'•
.=
i
:
:
:
S
:
:
:
2
E:
818,949
177,525
51.129
18.313.139 3,180,306 2.792.782
17.816.161 3.205.621 2,824,713
16.934.623 2.976.039 2.599.192
16.631.085 2.663.090 2.732.860
17.5:^0.421 16,426.381 2.628.193 2.818.193
27,493,168 16.499.062 3.443,994 3.405.281
1,145,926
1,158,983
1.333,782
1.273.515
1.248.964
736.728
18.027.998
17.752,442
17.321.895
17.381.910
UiFC!CO
U^
u o X o cs
)i.
C
(fc
re 1 •
V
o:qd^cj*m
'.::
M
1
-I
I
lew's aci»
-I'XXCQO
•I
OD a- «- -o ro
c:
K
CO ^1 -^ r-
ODU'^'CU
o
^ CM XI to c» 5;!^
a MOiooos
I
THE DRY GOODS TRADE.
Friday, P. M., February 10, 1882.
in dry goods the past week,
the demand for many kinds of spring and summer material
Iiaving been retarded by the inclemency of the weather.
Domestic cotton goods were only in moderate request, and
printed calicoes continued sluggish; but the opening of new
There was an irregular movement
heavy cassimeres and worsted coatings for next fall has given
»a impetus to the demand for clothing woolens, in which a fair
business wa-s done by agents representing some of ih>^ most
popular mills. The tone of the market has been fairly steady,
and while thera was a rather better feeling in dom»stics, a
alight advance has been made upon certain makes of heavy
•woolens, because of the increased cost of
t0t5
ou
MU
^
.'£,
!..
—
bio
(Ji*-QDCJOa
<£,
tCXtSCOCd
cos
aoo
I
C«uo>0
[3I0»0U«0
O0Di-'>-'t»
io;najcnci'6B
W-OtO-JjJ
•^co
tOMMi-iH>
"bb
juVibbb
*-
OO
O X- M o<
tCCO^SlP
•-)
4*
ci'wUccw
"ik'^Tt-'f-b
wo jl, labor, dye-stuffs,
a fair distribution of staple goods was made in
package lots by a few of the larger jobbers.
Domestic Cotton aooDs.—The exports of domestics from
this port, for the week ending February 7, were 2,905 packages,
including 1,421 to China, 910 to Great Britain, 147 to Mexico,
ail to Venezuela, 108 to Unitei States of Colombia, 63 to Bxitisi
COQODUCr
pU^O»4»0
(P
oub"»b*«>
<0>-»OSMM
&c. The jobbing trade has been checked by the unfavorable
condition of the weather here and in many parts of the
interior; bnt
CSO^*»5M
yU
19 to
c;»cocoV>>-
QtiOD
WIOO>«»0
tS
QDCO
COO
tacc
co*"mo*-*
CO^OD^OO
CSV
CO Ob
M^^^IO
^bwbso
O«.O^0b«
to
E.*
:;
o -J
J
V-iobb'-i
'^QD
coco
-1 J. V» -*
M OD a 03
1^ CO
• .»
1^
M C » — C3
x>3^
'
THE CHJIONICLE.
186
Farmer,
HolMUir nnd
fk>anMlor,
Att«rii«r.
ITK:
lrl»
Coleman Benedict & Co.
Ho, 21
Bailey,
IMMllnw
mnr yohk,
act a« raoaldrar, truauia, iruardUui
AN» BONDf,
TIIH
(/r
OT,,
N,
.Wrt U.«d
HTMpWIMntf
ir
w-kt,
to o«f
nu7iindll«llun CooinilMlou, forciwh uf oa war.
dMit Id at tba H«ir tOrk Motfc
Miaban««,
IntnrMt nllownd on dally baUnnaa.
&
Co.,
All
ilniioaltii •iiiijooi.
to elinnk
•Ivht.
al,
I'arlWular alttaltuii In urdara br mall or Ul««
«i>pb.
ANU
ni)i;UIIT
J.
(iAH,
Gwynnc & Day,
MRW
No. 48 Wall Hlraat
Noil, IM
iinoiirliliia.
HMUb«rM.
and
altundad
II,
'
IJondM ofi
Pii>ELiTV
KlNllALL.
tr.Mloiik Htiili.
MTUKKT,
AliM.
M,
»
lM»Mfll. ITIHIC
til
CI.AHH.
Ad
&
Clark
ou
Miiv
L, n.
Moak Butiaiwa.
...» s,,ri,
Hi.„„k ,„„i
Lansdale
W.
A.
buudit
WAI.I,
Co.,
OF NOUTH AMUIUCA.
VOItli.
ii
<<IAM
fair
HTIIICKT
HKUId*
KXVHANUK. """"
NIC«t|IIIITV
""I
r.V f.JJfr'i"'!'"'
on
mid
iirinr
wniC flAW
('"
".VTomiii
<
'
&
.11.1
I
II,.
:
,
In
"I'Mk""'
""""
""ii'ii.
'i».
and
>orl|ilinnii.
lall
UoTarnmout tluuda aad
H.
larotliuiiiii r aunri.
L. Grant,
Tha boalnOH
»i Oin
hi(|>(,n ix
'
'
lli.
r
.
'
'
l'rl»i\l(t
"IIU
Co.,
Uliil
Uiild
VHIllK,
CITY lUILIlOAl) 8T0CES k IIONUH
noiIUUT AND BOLD.
>
HIrgal,
•:-K-nj"ii[''i,:"r;:'';i»^
itlTIIRRT.
may lin obtaioad,
M.fntruiU, Canada,
thIa t'oinimiiy
(iuiirunUM).
la
cilol)'
that of
AMERICAN
MNANCE
.V »
NAHHAI)
I.IIIIIAIIY
4.11
COMP'Y,
HT.,
NKW YOHK.
NT., l'llll,AI>EI,rillA,
<(!;••
Stock,
HOUND INVKMTMKN'I'
«ll,0O<>,O00
('iipltiil
NKClItllTlBd turnlaliod
and l*rlviito Irivoatora,
CAl'ITAI, inillNIMIIigi) nil I'KOOUKBD for
under oonatruollon.udlhuir llnn.la piirjlinaud .ir nanotlatod.
KINAMC'IAI. NICi;<iriATIONI oouduotod for
Htm da, <'oiinlloa, Towna nnd Cltlsa, and for tlallnmd
t" ('orponitu
Itiillroad ('>iiiipiinlfta huvinir llnna
Coiupanloa iind otiior (;orporiitlona,
CONDUCT Tlin riNANCIAI,
IIH-Oltof llallrnnil I'oniiwnina and olliar
CoriMiratlona wlioaa proporiy la In Iho hiiDda of
lliirjotvara or Tntatnaa,
Wllil, IIUV
HKI,I, INVIMTMUNT RBOUU-
WII.I.
ANIZATIUN
Coniiiila.loii,
OK
HICI,I.
DKrAI'LTICD IIONUH
c.irivorMliniii Into Inlnrital-jmylnif
InvnatmonlN.
cirnulBia nnd otiiar Inforoiulluu (urulabvd uu iip-
JOHN r. NllonT. I'rpalilciit.
NICIV, VI<'fl*r<-alilKiil.
JOHN
Wn. V. WATIiON, Nuc'yaiid Troaa.
(oLLl]»IS,pOUDEN
&
Co.,
nilDDLICTOWN, OONN.,
lliiriiml tull
Ooviirnmont, Hinio, Munlnliiiil nmi
invoatmonlii r.ir nut.
U»llruiidn<indiiand Ntooka.
lima Diiiika a apeolnltr.
Corpoapondon™
..illoitod.
y
Ej^I^INS.
-ennKERS*
Hop duotatlnm of Oltr Itallroada la thia pap*
C. E. Jackson
Wlro
lii.iidirnyiind,
of
r'.rtna
iiitirn,
(!.
UIIUADWAV,
NIBW
1
orrwn:
WIIiLIAn
lillc.ivtlnn,
No. 14t
1.
I
laf'.rmuMon mid
VVII.L IIUY
In addition to a (JnnarnI Uiiiihluii llu.liin.ii.iiiir
.'lil
C.
Oanaral Manager:
KIIWAUI) KAWLlMUa,
|
AND
loa.
»
I'raaldaDt!
ALCX. T. OALT,
all
3>iO,000
VOU.OOO
Dupoaliat Albanr
rniCH on
Oa nCDAIt NTIIKKT.
i.irjr.
I.oi \\.„,.^,„,,,,|;
Co.,
UANSBR8,
I'.ir
'
'
Ml
I
MECVRITIEM
DICAL-r IN.
qUOTATIOWk in Tlllll P AI'ICU.
Oilman, Son
ji
uiion liotwiiini liuyiiin
iiili'and
ul u rmlimiid nuimniin fnp iit<
no! Ii,i« iImim loll aliiiriiii.
JlfllJIlllN 1,
ECU HI TIER,
UAII.HOAU 8T0CKB ANU UOMDB
AMI ALL KIMIIN (ir
VOIIK.
"P"IM"1
'""
H
UROOUI.VK
(;,/A(/i'«;».)
INCllllI'dltATiei), IHHI,
NKW
,,,,,,,,,,,.,,,,,
r(mTI,ANI) IIMXJK, CIIIUAMO.
ANN
,"("i""l'"l"" '""I I'lirrlnrt on
»..il
In "'?,.•'?"
V"nlluwgij
nmriilii,
Ijitnront
on orndit b iliiiiosa,
4t NItW HTItKKT,
UrO.OOO
cuali aaaata ovar
YOIIK,
lllrli.IIINII, TllllV, N, V,.
(Nmiiaoloit br I'rlTiitu Wiro,
'*H*
itiuliania.
Tlic Oiiuriintee Co.
IJ
NKW
NTIIKKT,
flac'r.
^I'lllaina, (iao.
ron
llAl.l,
INVBHrranNT *
M. Cbaki,
OI'KICKKH AM» KMI'I,()VEKH IIOLUIN« POSITIONS OK TRUST.
Wliftro
W DKOADWAir, NEW YOBK.
Geo. H. Prentiss,
No. ir
-orrioni-
NKW
M.
KMW roHK
&
mt
aooaptod bf tb«
DonqlB,
inla, J, H, T. gtranahan, A, H,
laa.H. B,<
ndan, If, A. Ilualliat,
rid liowa i
IJ,
Viinullra, Ala*.
Holialt«d.
Beasley
100
'j(ii[>aur
am
Praat, JoilM
or fruiu Ihu lluaU
Boardman,
IIKOAIIWAV,
dotlnibl*
AUUIUCUt
MTOOK BBOKKIt,
No. NO
.
,...„.
T>l*teX9*»r9KllM» T. /fnp«,"(I!^
No. 47
NoinirlMnn dniill In
N..W v„rli MInInK
iiiti
uf
OorrwpcniduDOH
BAOOir.
UIIOKBIIS,
N«w vurk.
rui.1 lall i,|, rrinilnlnnliiii
all
'I,,
obtaio aavu,.../
;v'i;:&.^ii
WA.
M. ttlODiU^DI.
«llt
DANKEKH AND
."
YOHK.
ComSMltf, Mwia«ar.
fabiM OoiBPanlaa, i.
Imnd
Bacon,
8 I'lii* nirnfll,
1
Oonds or Surety ahlp
Umtkit Uat.
aNNortmont
klwAyii lu
HA'rOB.
OACUK.
II. U.
WtpM,
^ii cratary,
rinah niipllal
n/iNKKKH AND liUOKKUS.
K»f«f
I''"
II
«t.vwliip.
<;AHiui/rv <:o.
HEW
OF
IIVVUMTMIJNT •EC'|;RITIEII.
No. ni WAI.I.
ac
WAU,
MTOUH MKOKKKN.
Maniliari of Naif Vo/k
T.Murtln,
(>pHarifiViaViid' inij'. 'n. rioiida,','.'.','.!!
UnTdaiioait witn Iiiauriiii.M li..i,iiri,rni«ii,
MIUill.'•i/Tw*.
lillRXHI/ UIIIMilNIJ, 0,i.
and IIIVJAI) MTIlKim'H,
IIANKKKK ANI*
William MiMHim
l^t.
WM.
YOHK,
IIS
rlttpo*ll«,
MATI'II.
&o.
«Ai,it«.
Lummis & Day,
• N*A*nil ImnkliK iiri<1 brMk*rN«« bml.
lUllwni' HIiitrM nnd Uuiiili mi Uuvariiiutiit
laycatifiiini* anrnfiillr
lolin
KIplliJ.
ntif
donrtiiof tha Stat* of N«w riirk.
rail iaformatloo aa todatalla. raUa, AOu Mui ba
oiitaimid on applloatlun to naa'i osToa. 107 Broad>
WIKTIltNUHXn,
I>.
INBUKAKOB, BANK fiTOCKU,
HKviiuniu aotroiiT at raa At/orioM
Mo. a» VIMK «T»m',
Triinii*al
WM. D.
Ala». MnOda,
rvln. A. A. Low,
iH lli'nrr K,Hliatdon,
Bodorato abaffoii,
Tha bonda urthla Omiiianr
I'AI'MU NICUUTIATKU.
on
loal.
:a.Proi't,
jxr,
Braii,
OM
IOIjO
COMMINNION.
IllLnrnit Hllftwail
•irmaa, will
'•poalU/rr
for Biouoyf
Sistare's Sons,
MAMNAi; HT.. MKW VOMK.
«4 Wall Mtraol, N«ir York.
III
"d parxina
'-'
9"'i^
DBAI<KM IN
viB»T«cxA»B iniVKrnni:,%Tii.
IIANKKHN AND IIHUKHttl,
n«M
or dirldanda, raoolT*
r
loiiiii, (Hirobaaa aad
'
Stocks Geo. K.
Sand Brothers
1M4.I
.al« or nianuofflont of
•
Y NTOOK nCOBAMOX.
itn, alt fwnifttlat
iKNtnlilUtimt
M
rn..
iitrlollr
r/uriDrMUMOl.
£,>rr,r..u^jgjj^
VMililM* rToMM
A dPECIAI/rV.
OOMMMilOIAL
osooaU/r, or ad-
Btllil.
la
Insurance
•TOOK! AND IIONim
MontMrM * Cluit/m au., Urooktrn, H. r.
Crm minr la aathortHd bf apa«UI obarUr to
Cor.'/f
Tbl«
nuninilMlim bntlnMi oooda«t«d In tha
purobwM iind ml* of Moski kiid Uiiat* vo Murxin
A
8.
piNR rrnKBT.
T
DHOAD
»T04;ii«
Mill} «
l.liii4«M»u-
HBMHIIHIt
E.
The Brooklyn Trust Co.
I»«4.
ItNtf, ir.
iialiinm, and d«<
iTnl
BLIMUBD
SUTik
XXXIV.
Financial.
fflmuioisl.
VliiMi«tol.
W. W.
[Vol.
55fiNe§T, -
t^euu^ORKii
'•'
nnd axil nn Toinmlaalon (IDVIOIlNMItKT
HAILIIIIAD noNDH nnd KTOCKIt, nnd all
rluaaua iit HiiourlUiia drnit In nt Ihn NltW VOIIK
Pliriihaan
and
HTiii'K
HirilANOn,
or all rnpiilnbia Snoiirltlaa
nil tb.i OI'HN MAIIKUt, l,(>A^-i
M, r.U'ieil noK.iliiilii.l. Inlor. "
b....
ani
piiia
1
...
:.'i.:
i^lTH,
aiilijiiol
tuuhook.
,
KBtllll'AnT
THE
'MH9.J
II.
rilllMIClMl.
AND
tl\NKKIIN
NKW
NANNAi; KTHRKT,
IK HIM
A.M>
HTOC'Utt
WALL
84
ll<>\l>ll,
llur»M'l
A
StorkM
Vambor
Wicrum,
Uamiiai.i.,
N. V. nuiok ICinhmiv*.,
oho
(An
&
K
N
WALL
NKW
NTRKKT,
Mll.I.in. JAN.
M
If ANKIi
MTAHK.
W.
fttirt afilt
M
-
II.
&
liT Y.
*
IIONI>H,HTr>r:KH»n<1 INVICMTMKNTMKl.'lIIIITIKi
HlllUlirr ANI> 41)1,11 "N CilMMMMlliN
•
R. A. Lancaster
IIANKKIU4
ANO
&
Co.,
JAMKH
lliiaton.
w.
M. iKirrrit,
lMlVKll^Ml';^•| iimwi/h,
IIAII.IKlAII
* Ml>
11'
No.
&
A'l
MrliltfniMirt
Ilrooklyn
'Iintv
IIKH
'
tluy mill Hnll
iIkiiII
f
Vlrali.i.
ItoitalU,
.,
ihlllALtr.
INTIUIMT
Al.l.iiWKli
UN
&
Taintor
Niotili
hr
5c
Co.,
ordMm
Kimball
).
110
N».
«/>
Naaaaii Mlr«at,
Yoara' M«ml<arahl|i In
Kaonanifii,
Tlllrlgan
it.J. KiMiiAi.i.,
A.
II,
Mamboraof
Na.
'i
&
AND
luraalni^t
all
IKIMDN HiilKIIIT
COMMIKHHIN.
YHHK
ANU HOLD ON
^______
0.1
BI' L' Xffl'.'it.fi.m
w, »I, Wll,alll«l.
IC«,
M./lMH«IIMAM,
Cecil, Zimmerman 8c Co.
«I0
IIANKKItM ANIi IIIKiKKKtt.
14 IIMOAIIWAV, M'XV >I(IIK.
WKHT Tlllllll Ml., IM INN \ I. O.
<
S.
"
I
STANTON,
IIHAIiKH IN
Maaiirlllaa
auld [alrlotljr on oiiiniulwlnnj roroaah
or on nmrirln. ,„^^^^.^_^_^,^_^_^^^^,^_
anil
Aniarlmn OabIa CoMBlruitMnn Cunipanri
Conilnanlal Oonali notion and lnii>riiraiaantCo.,
North RIvar (!onatruotliin Coiupanr.
Ohio Caiilral Ntihanrlptlona,
lllnhniond A Waal I't. 'I'nruilnal A W'h»naln«Oo,
Naw York.ChliMKo* Ml. Umla Niiii>nrlptlou, aad
olhnr
Hlndka.
iiiiolatila tronalrnrttoii
MTUKKTi
IT NARMAII
HAMKMKN'I'
Holt,
INTHKHHT
Co.,
'CINCINNATI,
I
N.V.'Wook
Robison, ~~T.
IIKOKKItM,
KXt.'liANfiK (;(>i;RT.
Honda and
Ntonka,
KIi'iMlMir
LoifNananr, K. M, lUi.iiAan
N, Y. Kiotik Manhanaa,
WiMiAM UoniaoN,
W,<!. Ki,<ivii.,loNra
Maniliaia iii ilia N, T, Mtuak Haoliania,
allowa'1
OB
A N
II
BPtMidwaY.
Mntaoli
^
NiA'"r
K K
H
It
i'lnrr, N. V.
hi., (iilruao.
ii\- i:i-;'i iti: 'MKiji*,
P.arliiiiiiro
ftn
l,n
A i;i';-/i.in
I.
So*
D. Probst
AND HON
J.
rroilK
huII«
No.
M
8c
Co.,
IIIIOKKHII
M. NHW tllHK.
it
.
nor.
onii'i',
balanoaa.
Bur *nH
Htofll
Imi-liNITII.
WAM. NTRBRT. MIW YORK.
TRANNArTaOKNKUAl, nANKINO bllalnaan,
ami
Voilt.
Naw York
AND
/«H««
all
Ha. 10
rnoalvii'l
Naw
YOKB.
IIIIOAItWAV ANIt IW
N'I'iK'KN
IIANKKKH ANIt IIKOKKItM,
BAMKKKII,
UBPOMITH
Ar.,
HTIIKKTi
KANKKR0 AND nitOKKKS,
NKW ttTRBBT.
NKW riillK.
um nmr-
Imliiinu'N,
rnntl ur foU-
(\ix\\y
irrwiih.
R.
(tiliir Ht.
Kohn &
Glazier,
YOUK.
N(iw York
on
iiliowtul
imlil to
i'Mrilnuriir taiitniloii
NKW
1
RBW
K KU«
<•
for onNli or
Dill
lit
tfi
U
NKW
CoriirrilMNlitn,
(ir>
Iiitorniif
Klt'tmittfit.
liiiniihl
/lOUlllI
7l»
PROMPTLY
Ncourlltiia, <'liy ll«tn«l«.
Walkih,
N.
N».
II
i»
HKOAI^WAY,
H(»
IIANKKIlll
„
a
r. Hcers, Jr.,
Walker,
% N
N
ICIft
iiln, nil Hni'iirltlKit
Ni'.nrKlaa,
.,iaii
I.I
ll....^r,t „r
KIT(;in:.N,
N.
bimvht
N, Y, Hlnob Kanhaniin.
K
A N
liKAI.KKN IN
flrat-Claaa lu vr»tni.iiU
(MinitlONI'oNDieNOn
ATTMNIinil TO.
liaa NInrlta,
Floyd- )ones
III.IIKKKH,
nilOAnWAV, NKW vouk,
<(«
Securities
Specialty.
AND
IIIDHII*
NO Pinh Avouuki.
I
Wii.hliiKliiii,
A.lllirrniOR.MciiibarotlliaN, V.MUiok K<til>
WW. KiMHikil.Utmtmt niiMt H,\. MliiInK Miah'«*
V„
NKW YORK.
'I
I
lrtT«atiiinrit
89
H,
MTItKKT.
Uncurrcnt
Whitciy,
NKW VOHK,
Wlraaliil'hlladnliililn.WllMihiii,
iiili
I'i
R Utter
Kllimiin,
It
II II
K K II M
Wall «t, Naw York.
Schley,
iTitnlaalon.
I
:
Uliil
II
&
&
.
IIIIOAItWAV,
flii
Manbar or
iiiirtrick
H A N K K li N A N
Niuhanaa
n n n K K n
WAI.I.
Na, IS
,
Noa. 87
UKANT H.MniMr.
N. Y. IHoak
Orocsbcck
,
TllAVHIIH, Mimi'lnl I'liilnnr,
Prince
0.
Co.,
McmirttlM frti fMi>h or on
onniiiilialiiii.
A •txinlliltr riiiKl* of WMtcrii Kiirm
M'lrtMHHiiii hnnrlnii rniiii 7 i.u lu fMr ««nt liit«n>.t.
Will unitnrtitlia tlia iinii<itliillon of lomw uptn
» 'nrn ritir |.rii|i«rt> In larv* or •mall amoanU.
1I117
II
Yaartj
III
iiiial,
All f*lHaai*iiiir Kallwiir anil MInlntf HtiHiha
new yokk.
nammati btkkkt,
:i.i
OK K
II
I'liiNci, JAH, WiiiTCi,r, M.('iii>iiKi(()AHi,ar
MAVNAiiii <'. loriia,
llAiiitr r, I.01UN,
MANKKlia,
Ml..
a4id Curoiiaaa
II,
1.(11.
&
H
it
HtM A
I'
(llrnunli OfflnK,
VOItK.
jiiiiw r.
George Stark
A N
ICII
A
^u
rilANCm. KlIWIN J.
oiuitui RTAUK.
NKW YORK.
aaaaulad na Uia London
Mambari
Invaaiora nr hnalnra wlahtiiu to bur iir anil ara
Hlaia, Miinl(it|ml and
Invltpfl to (lomiiiiinlnNla.
tUliwar Honda and f 'oupona boiiiinl and aiild at, baat
Markat, llalaa.
alii1
CHAD.A.
Co.,
IIIUIAII NTIIKIC'I',
tiillninta kniiwlnnifaiif nil fur Ilia
Co.,
nANKKRa AND nROKKRS,
M
I'li.ira
vvidinN.
c.
&
IM RXOIIANUK PLAIIB,
Hall
M. Smith,
red
I'
J
Francis
Miller,
VOIIK.
'liiriiiiiiiiiiiil,
iil.nliili
MlOW YOUK.
IIAIIillAAIt NK<!|l|ll'riKM
KXCIIANI^IK I>I,A('K,
Brokom In llallruud StiHthn niiil llonilK,
aOVKIINMKNTH * irilllKIIIN KXCII ANUK,
Cnxn. K.
II
•
N<>. 110
M
NKW
NTItKiCT,
Mil
.I'll
Pondir
NtockM, lloniiiiA liiTfl«tni«nt MiM'iirltle*,
>«T IINUUaaOK,
KonilK
HA
&
_
AO*. MAniAN.
la.
ANI>
Randall
McKean,
MTOdKH,
l.'«»ll'ANVM'
<!lt7 niiiloUiur Itnllrnail
&
Lloyd
Co.,
WALL 8TRBBT.
ft
Naw Vorh.
Manbar of N. Y.iioak li«h>|«
VOIIK,
WlUAM,
&
Lapslcy
JuHNl'iiMiiia, liiiTAUKMaaTaNii.
•rKVViitllkfU MT041KN,
THIIHT
No.
».
Iliijr hihI anil iin fKiiniiiUahiit, for Invaalmant or On
inaraln. all aaiiurllloa ilaali In at Ilia Naw York HWak
DIAI.IIII IN
C14fl
l>. N.
BMllMa*.
UAIIKBM AMD MBOKBM,
lonaat a.
NOYES,
C.
Howard
HBW YORK.
IIUOAU HTUKKT,
11 «« as
M
'linker,
IIUOKKKH,
HTlX^K
Mtalrr banki
of
I.Anf.*T,
Manilnni N. V. •tatk
&
Barker
IIIKiKMUII,
*M«W Mlmtlon to bndnaM
WM.
nOWAHn
Co.,
Wall Mt., i;<>r. Nnw, N«w Vwrk.
INVaMTMMNT •HUUIll'riM.
1
tl
&
'
V
nnikiiclal.
.
Brown
A. H.
JH HON ULh.
I
MXCIIANIIH
I'l.AI
aronaa, Haiinoaii HoMiia, ilnraaaMMra akii
Mi-raM,* vn.f'a -n roi it-i. Hm'i mt a*. Hoi d
i
••III
"OVKK.vMIBNT, MtlNlCII'Al.and
IIAil.llOAWhonda.
1
;.,
IlitiiUcra.
lliiBloii
wjiiril
Prtr iia tnlnKraiili wlraa tu I'roTldanaa aad B<jaloa
UBo.
a. K.TAi,N'roi(.
II.
iioi/r
[>.
MOl.lU,AM, J*.
A. IIOKIiy.
ItlUaiN
I.KI.ANIi.
r.
(>,
MAi/roMvrAiiti.
Foote
P W~~Ga]raudct& Co.,
HANKKH*,
AND UMALKIII
IIANKKICH,
HANK ntiiunso.
WAI.I. HTKKKT, OH. IIIIOAOWAV.
itsiTKi)
<;<»
«
»T<X:KM, HO.Vr>M
HK,.
at
N
Ill
or
'lalnaaa
• auuru
Olliffe
No, 72
CAJ
Co.
K «
N K
&
paper and utbar
It
Schmidt,
IIKOAKWAY *
No, 13
N£W
TllfC Pi;R(;ifAMB AND
KAII.ItOAII MKCI'lllTIKM.
COilNKMUB W. ULUririS,
iiMUNb
UP
—JifflSiflrui
p.
laauRN,
N
No. 18
A
ft:
OOMMIMMlOir ORDMtlt
,
MTRilBT,
WALLYork.
nmvti
HT,,
BROHKKH V»H
MAI.K
Ai.i.
and aold un uuiniulaalua
.
Afiv
IN
VP.RNM RNT IIOMDt,
\ COMMKKCIAI. I'ArKR.
:
French,
8c
'TnuMMl a Oaoarsi Hanklna
nv
and
««ll
I*
r.Ntnok Kiolinriya,
mmwt,
luakar «f M. T. IH«ak Mjiab«ii««.
A.M.
It I
vow.
Invaalmanl MaaurllU*.
(I, Hox tjm
WATi.AMii TBAiK,
W. C
UII.L.
U.J.Moaai
IM
HOMTON,
r
N8IW VAIMI,
riilLAIIKI.I'lilA.
lioaloaaa, Inalodli.*
Ida porsiiaaa and aala of XTOt.'KH and H(jNI>M fur
•••h or on marvln,
MXMOVTMD
Mo, 7
Nu,
CUNOBBMI tnyOUBt AMb
8 OOiraBMI BOVARB.
UOITON, MA**.
THE CHRONICLE.
Tl
&
Co.,
made on
Collections
CHARLESTON,
Railroad and
Stackpole,
Buy and
&
Orders for Blocks executed In Boston.
other markets.
Co.,
;
John
F.
New York
AGENTS
JAIQES D. WniTmoltE dt CO..
46 BEKKMAN STRKET. NKW YORK.
JOHN
P.
BRANCH,
President.
Glenn, Cash. Fbed. r. Scott, Vloe-Pres't.
Co.,
HARRIS A RHim>,
STOCK AND BOND BEOKEES,
AUGUSTA, GEORGIA.
OOVBBNMBNT 8BCDRITIB8
&
And all kinds of
CANVAS, PELTING DUCK. CAR
COVERING, BAGGING. RAVENS DUCK, SAIL
TWINES. Ac, " ONTARIO " SEAMLESS
COTTON
Geo. a. Lewis,
Dealers in all issues of United States Bonds.
liiTestment Securities a specialty. Correspondence
Inrited and fuU Information upon financial subjects
fu rnished.
A. P. Turner & Co.,
B A NKE B S,
U.
promptly remitted at best
Banks and Bankers solicited.
1
SIICCE8SOK8 TO
Jt
PKESCOTT
A.
B
Widths and Colors, always In stock.
Dnane Street.
Ellerton New Mill*,
Atlantic Cotton mills,
Nnratoga Victory Iff rg. Co., Ocean Mills.
Peabody iflllls,
AND
Hosiery and Knit Undenrear
8100,000
TOJPEKA, KANSAS.
Municipal Bonds and Mortgage Loans Negotiated
Kight per cent Farm Mortgages a specialty.
A
UENBftAL BANKING BUSAISS TRA.SbAOTKD.
New York, American Exchange
National Bank and Ninth National ank: Chicago
Preston, Kean 4 Co.; 8t. Louis, Third National
Bank ; Kansas City, Bank of Kansas City and Merchants' National Bank
<
From Various
Mills.
Fabyan
&
NEW YORK,
BOSTON,
15 CHACNCEY STBKET
& 4£ WHITE STREET,
PHILADELPHIA.
J. 'V DATTON. 246 CHESTNUT STREET.
Bliss,
New York,
SELLING AGENTS
Conklin
Jarvis,
TKANSACT A OKNKRAL DOMESTIC AND JOB
BIQN BANKING BDSINBSS.
SethH.&H.B.Whiteley
BANKERS AND BROKERS,
No. B7
&
LEADING BRANDS
ITOR
AND SUEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, &0.
Towels, Quilts, White Goods and Hosiery.
DrilUf SheelingSt
BALTIinORE.
Co.,
Boston, Philadelphia,
BROWN AND BLEACUED SHIRTINGS
North America;
Sons,
BANKEB8,
eft:.,
for Export Trade.
Co.,
LOAN BEOKEES,
KANSAS CITY, MI8SOURL
WBSTKRN FARM MORTGAGES, YIBLDLVG
AND 8 PER CKNT. A SPECIALTY.
<
Negotiate School District, Township. City and
Write for circulars, blanks and
onnty Bonds.
references.
8TBEET,
P. O.BOX313.
Deposits receired subject to check at slKht,
and
a.™,w. i'"e™«'..»l'o''«'* o" Oslly balances.
'o'*" o" commission
iSv.?;?S^'''l5«'. '"."'"'.""'
"tentlon
Biven
to
Infor^L?,'J^„
"^'."""V
mation reKardlng
BALTimORB.
investment Securities
Wilson, Colston
&
Co.,
BANKERS AND BROKERS,
First-class
VUWINIA SBCCRITIBS
a
Brothers
A Co
Southern Bankers.
»BO».».lIILLKB, E. D. WILLIAMS, J»0.
W.MILLIB
CHA8. B. MILLCa.
Thos. P. Miller
&
Co.,
BANKERS,
Orleans; Bank of LlTerpool.LlTerpool.
""*•
"•"
GOLD MEDAL,
Western Investment Securities
for
St. Louis City and States of Missouri,
Kansas
Texas. Arkansas and Colorado Bonds a speclal'v
Full nformatlon given In reference to
same on a':
ligation. Coupons and dividends collected
'
Matthews
Jits Ceiebrattd
PARIS, 1878.
JYwmbws,
303-404- 70-35 -332,
o/all dealers
I
1
and his other styles mar/ be had
^
throughout the world*
Joseph Gillott & Sons,
n«w Tork.
!
EDWABDS WHITAKBH
&
Y. Stock Bxc'h.
Whitaker,
ST. LOUIS, MO.,
BROKKRS AND DEALERS
IN
State, City, Cooaly and RR. Bonds dt
Stocks
Orders receive prompt and personal attention
M'«well* Graves, New
Y^Tr!?'J'li^^'^' *''""„',
°"""' *"«*» * """ "«'
YofkknJ'BStn."""-
John V. Hogan
113 No Third Street,
DEALERS
BOBILB, ALABAIdA.
Co.,
I.OIJIS, IWo.
Member N.
»""ol'»« »°<1 information fur-
CoRB«gpoND»KT»-McKlm
OLITB 8TKBBT, ST.
LCONABD MATTHEWS.
BALTinORB.
&
P. F. Keleher
SOS
sale.
^""^
CO.,
ANKEES,
Capital. -
SOUTH STREET,
nlSSd."*""'"'"**
all
AGENTS FOR
inill«, Cblco pee inrg. Co.
Burlington AVooIen Co.,
«3
collections and correspondence receive prompt attention.
COKRt spoNriKNTS.— Boston, Natlo'nal Bank of
Baltimore Bankers.
sJ^'Ju^™^'"'
Accounts of
rates.
BANK OF KANSAS,
CENTKAL
GoTemment, State, Municipal and Railway Bondt
at all the Excn&nttea.
Inyestments prudently made In sound railway seCoIlectloHH promptly attended to.
Cprrmpondenta carefully represented at Anctlona
and PriTate Sales. Bonds of Rood but not wellknown railroads always wanted for InTestments at
he best rates. Orders on martftn a not entertained
GERMAN
supply,
Waslilniston
Proceed
A. Pkescott, Pres.
John Fbancis, Cashier.
P. I. BONEBBAKB. T-Pres. E. B.PBESCOTT.As.Cash.
curities.
Ho. r
full
E.R.Mudge,Sawyer&Co
DEPOSrrOEY.
LOUISVILLE, KENTUCKY.
and Stocks bouffht and sold
&
8.
Special attention given to collections.
PHILADELPHIA.
Robert Garrett
National Bank.
First
BANKEBS AND STOCK BBOKERS,
134 Sooth Third 8t.,
PHILADELPHIA.
Place,
A
No. 109
Thomas & Shoemaker,
Walnat
STRIPES."
UNKTED STATES BUNTING COMPANY.
A. L. Schmidt, Cashier
Pres't.
"AWNING
BAGS,
Also, Agents
Western Bankers.
Shoxhakib.
in
COTTON SAILDUCK
Buy and sell all kinds of Investment Securities
Outright or on commission. Information furnished.
Orders and correspondence solicited.
Banke rs.
Jos. H.
Co.,
Manufacturers and Dealers
County and Railroad Bonds.
Thomas.
Turner
Brinckerhoff,
Information on all classes of Southern Securities
especially State Bonds, Tax Coupons, Ac.
Cor
respondence solicited.
&
A. Sweet
Philadelphia
N. Y.
Plated Papers.
Bond Papers.
THOMAS BRANCH &
STATE STREET, BOSTON.
So. 'iOr
VBRMILYB A CO.
CO.,
BANKERS AND COMMISSION MERCHANTS.
RICHMOND, VIRGINIA,
BANKEB8
0.
Banker*' Ledser and Record Paper*.
Machine Hand.Made Papers.
Antigue Parchment Paper*.
RICHMOND, VIRGINIA.
anil
Gio.
and
made on all Southern points on best
prompt returns.
terms
BOSTON.
State. CltT.
Whiting Paper Co.,
UOLVOKE, 1II.%SS.
Collections
B ANEEBS,
89 DEVONSHIRE STR^T,
DBAXiBRS IN
WILLIAM STREET.
I
(HANOVER SQUARE.)
MERCHANTS' NATIONAL BANK,
Tower, Giddings
to
No.
CO.,
State. Municipal
promptly attended to.
New York Correspondent,
BOSTON.
C.has.
organising will have their orexecuted.
Railroad Bonds and .Stocks. Ac. Vlritlnia State TaxReceivable Coupons bought and sold. All orders
DBV0N8HIRB STREET.
No.
GoTernment,
sell
Account Books and
WNew concernders promptly
STOCK BROKERS,
RICHMOND, VIRGINIA,
BANKERS,
No. 68
STATIONERS AND PRINTERS.
S. C.
MAVBY &
B. H.
United 8late« Bonds*
183S.
Supply Banks, Bankers, Stock Brokers and Corporations with complete outflts of
S tatio nery.
SPECIAL ATTENTION GIVEN TO COLLECTIONS.
In IMantclpal, Htate.
&
c.
parts of the United States
Naiiomal Banking Association,
ALSO.
Parker
all
BA1VK OF CHitm^ESTOK,
THB NEW YORK AND BOSTON
ESTABLISHED
Sears & Cole,
Wm. C. COCBTN £T, Pros. EhjrstH. PBINaLE,Ca8h
STOCK EXCHANOBS.
Dntlrra
WALKEB. i;asnier
W^ILmriNGTON, N.
CONGRESS STREET,
BOSTON.
MIC11BBB8 or
A. K.
i^es't.
National Bank,
First
BANKERS,
85
No.
BUBBUSS,
B. E.
XXXIV.
Commercial Cards.
Southern Bankers.
Boston Bankers.
Brewster, Basset
[Vol.
Si.
&
Co.,
Louie, Mo..
IN
Western and Southwestern Municipal and Railroad
^^
Bonds or Stocks.
Defaulted bonds a specialty. Choice investment
securities Hlway» for sale. Write to us
before vm.
6my or sell any luinoli, Missouri or Kansas
bund.
MUTDAlIIFi
IISUBfflCE
COIFAKI
^ 07 NEW YORK.
r.S .WINSION, PRE siDEirr.
/SSUESEVERK DESCRIPTION OE
LIFEAMDENBOWMENTMMS
ONTERMS ASEAVORABLE AS THOSE
OFANY OTH£R COMPANY
ORGANIZED APRIL 147^1842
CASHASSETS OYER $8^0 00.0 00
:
Pkbroabt
,
;
THE CHRONICLE.
11, 1889.
IniiurHnce.
fii
ttteanulilpa.
Cotton.
Only Direct Line to France.
OFFICE OF THS
I'ler (nnw) <li North Hirer, fool of Morton St.
TruTelert brthln lint avoid botb tranilt bj UnitKallwar uiiil the dlioomforte of oroealna tlie
llah
Chunnci
In
HniHlt boKt.
tt
FKAN<'E. D'llauterlve
Wed., Feb. IS. 9 P.M.
Wod.. Feb. 2!j.» A..M.
L.ABKAI)Ult. lonola
Wed.. March 1. 3 P. M.
HuiCK ur >'AS-<AOK—(InoludInK wine.: in llavre—
rirat cabin. IIUU and tao; aecund cabin, lao; aleerave. tlM. Includlnn wine. beddInK and utenalla. lietorn ticketa at Tery reduced ratea. Ohecka drawn
on Credit Lronnals of Paria In amounts to aoit.
CANADA.
Mutual Insurance Co.,
NEW YORK,
The Tnutees, In conformity to the Charter of
the Comiiauy, submit the following Statement
of Ita affairs on the 31st December, 1881
Premiums on Marine Risks from
1st January, 1881, to 31st B»$4,039,487 10
Pramloma on Policies not marked
off Ist
1,587.534 47
January, 1881
Total Marine
Premiums
Fraoiiuel
The foUowlnKaltiamcra
off from lit
January, 1881, toSlst December, 1881
$4,110,176 72
Losses paid during the same
$1,775,882 80
Returns of Premiums and Ex-
$924,227 02
The Company has the following Assets,
United States and State of Xew
York Stock,
City,
:
Constantlnuple.
B.-No
N.
freight taken for Gibraltar.
LOUIS DE BEBIAN,
Aceat,
No. « Bowllaa Green.
LaBMAir,
ABBABAM *
Mew Orleans,
1,729,500 00
491,143 18
$13,163,466 40
BIX PER CENT INTEKEST on
the outstandeertllicates of profit« will be paid to the holders
thereof, or their legal representatlTes, on and
after Tuesday, the Seventh of February next.
THE OUTSTANDING CERTIFICATES
of
the issue of 1877 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the Seventh of February next, from which date all Interest thereon
will oeaae. The oertuioates to be produced at
tha time of payment and canceled.
A DrVTDEND OF FORTY- PER CENT
is
declared on the net earned premiums of the
for the year ending Slst December,
1881, for wlilch certUicates wUl be issued on
md after Tuesday, the Second of May next.
Company,
CHAPIHAN,
New
0HA8.
T.
JOHH
HOHORST,
COTTON FACTOR!^
AND COMUI8SION MERCHANTS
131 Cbeetnat
St.,
PUUdelpUa.
Robert Tannahill& Co.,
Special attention fdven to tbe purchase
Future Contracts.
and
&
Geo. Copeland
sale of
Co.,
OOTTO:X BROKERS,
136
J
PBARL SIREET. NBTV YOBK.
ames F. Wenman & Co.
COTTON BROKERS,
IT.
TUB UROWN
Cotton Gin Company,
Special attention given to orders for the porchase
and sale of Contracts for Future Delivery of Cotton.
&
Bennet
NEW
Foulke,
comaiissioiv iherciiants,
131 FEABI. 8TBBBT,
NKW YORK.
Special attention given to the execution of orders
for the purchase or sale of Contracts for Future
del Ivery^
&
E. S. Jemison
Co.,
BANKERS
New
York.
Jemison, Grocc & Co., flalTegtow. T«»Ta«
WM-MOHB. H.W.HANUiANN. CLUUNSFISCHKB
Mohr, Hanemann & Co.,
PEARL
New
or
ST.
1»6
GRATIEK
New
York.
Brown Cotton
COTTON OIKS FOR EXPORT.
Works at Orient,
ST.,
« ORIENT
In everr thriving
cotton, tobacoo, grain and truck growing county.
Apol7 (with refarenoe) to
G. CBENSHATV, Pree>t,
CHBI8HAW WARXHUtTBX.
Bicbmond, Ya.
W.
Wire Rope.
STEEL AND CHARCOAI,
HION of snperter qnaUtr
suitable for MINING ANu
UOISTINQ
&
Co.,
OOrrON,
A. X. RA.TEN, 8d Vloe-Preeident
Ordwi la " mtar««" ezeoated M N.T.Oot(«B
STREET,
BONDS, *«.
MBW YORK.
PURPOSES,
Inclined Planes. TranamlaIslon of Power, a«. Alio,
i
Cbaiecal aaa
IBB for Ships' Rigging. BoaJp«nslon Bridges, Derrick
f (iuya, Kerry Kopos. Ac. A
iGalvanlsed
1
large stock nmatantlj on
hand from which any da-
slred
U'ligtha
are
cut-
FI.ATSTKKL AND IRON
KOFE8 (or Mining pur-
poses manufacturad to or-
JOHN W. mA'SON
OBARLES DENNIS, Vloe-Preddent.
W. H. H. MOORE, 2d Vice-President.
» WIT.T.IAM
COMPLETE MANURE,"
And want a good working agent
Orleans, La.
BTBXnT.
Oamrr.
Virginia
AMMOHIATED BONE StJrKlUUIOSrHATK Or UMM
AND
Receive consignments of Cotton and other Produce
and execute orders at the Exchanges In Liverpool,
Bepresented In New York at tbe olBce of
BABOOCK BROTHERS * CO..
8TO<!K8,
'
&
Fertilizing Co.
COMMISSION MERCHANTS,
H. Tileston
'KtnutKA"
1.,
OFFER THEIR STANDARD BRANDS
IT Water Street, LIVERPOOI,,
WaU.
L.
richmond, va.
B.F.BABCOCK&CO.
aO
61ns, 61n Feeders] and
Condensers.
Exxomon
ORDERS rOR FUTURE CONTRACT8.
D. JONES, President.
LONDON, CONN.,
MANnfACTITBntS Or TBI OLEBBATH)
The Atlantic
COTTON COMMISSION MEBCHANTS.
Spkcial Attbntion Given to tbb
Charles D. Leverloh,
William Bryoe,
William H. Fogg,
Thomas B. Coddlngton,
Horace K. Thurber,
William Degroot,
NEW YORK.
No. 146 Pearl Street, near frail, N.
LIBERAL ADTANCB8 MADE.
James G. De Forest,
Samuel Willetts,
J.
Geo.H.McFadden & Bro
Receive Consignments of Cotton and other prodnoe
133
Henry Collins,
JohnL. Rlker.
Hoffmann,
Established (In Tontine Building) ISM.
Charles H. Marshall,
George W. Lane,
Edwin D. Morgan,
Robert L. Stuart,
Joaiah O. Low
William £. Dodge,
Royal Phelps,
Thomas F. Youngs,
C. A. Hand,
John D. Hewlett,
WUllam H. Webb,
CharlM P. Burdett,
F.
COTTON BROKER AND AQKNT,
S8 BUB DB LA BOCRSB, HATKB.
New York.
JameeLow,
Field,
"Future " orders executed at N. T. Cotton Bxob'ae
BARlCm
PEARI. STREET,
No. 135
Horace Gray,
Edmund W. Corliea,
John Elliott,
Adolph Lemoyne,
Bobt. B. Mintum,
Benjamin H.
K.
C. F. Hohorst & Co.,
COTTON
COMMISSION MERCHANTS
O. Jones,
Charles Dennis,
W. n. H. Moore,
Lewis Cutis,
Charles H. Bossell,
Wm. Storgls,
Tainter,
Cotton Exchange Ballding,
AND
SecretaiT.
TRVSTBKSt
David Lane,
Gordon W. Buruham,
A. A. Raven,
&
Waldron
Cotton Commission Merchants,
York.
No. 10 Old Slip,
J.
M EW YORK.
tiENBBAL COTTON nSBOHANT*,
97 PEARL HTREET, NEW YORK.
•
EXCHANQB PLACX,
Orders execated at the Cotton Bxcbeages In Ne^
STork and Liverpool a&d advances made oa Coitoc
and Other produce co&aifned to as, or to oar correspondents in Liverpool, Messrs. B. Newgass A Co.
and Messrs. L. Roaennelm A Sons.
order of the Board,
J. H.
LXHMAlf DUBB * CO
Mont omarr, Ala.
Co.,
I,a.
LEHMAN BRO'S,
Cotton AND Factors
40
347,765 99
Amount
By
Cotton.
tIs.:
1,631,294 23
Cash in Bank
IS Kxchaage Place,
flrat
$8,965,758 00
ceivable
AI>out Feb. IS
cabin. $75 and $90; for Barcelona and Martolllea— First cabin. $80 and $100. 8t«enwe, tSt.
ThruUKh bills of ladinK laaui'd to Mediterranean
Porta. IncludhiK Burcolona, AlKerla, Tunla, Genoa,
LcKhorn, .Siiples, Messina; also, for Trleate and
&
coinmssiON iokrciiants,
Loans secured by Stocks and
otherwise
Real Estate and Claims due the
Company, estimated at
Premium Motes and Bills Re-
leavttNew Tork direct
and MarselUea, tak-
RATK8 OP Pahsauk— For Cadli and Ulbraltar—
Bank and
other Stocks
will
Cadlx, Ulbraltur, Barcelona
InK frnluht Hod iiHaat>nK<'ra
FB11DINAN1> I)K I.E3SKP8
•'or
Premiums marked
penses
1«
Poar BPILPINO.
IMARi^EILLKH,
Touching at Cadiz, gibraltah a Barcxi.o)ia.
95,627,021 57
penoa.
COMMISSION MBRCHANTf,
FOR
January 2S, 1882.
oember, 1881
COTTON VACrOBH
rrom
ATLANTIC
& Gwynn,
Fielding
GENERAL TRANSATLANTIC CO.
BETWKKN NEW VOKK AND IIATRK.
KNKY
4c
CO..
43 Broadivar, Neir York
W. IIAKTKR, ATTORNBT.OatOD,
Ohio, conducts all classes of oases against Individuals, railroad* and other eorporatlons In both State
and O. S. Oourta. Rafars to C. Anlunan, Oaalon O..
Isaae Baiter
4
Son*. Canton. 0.j Koantae Brae
Kew Turk Kz-CbM JnaUoa Agsaw. Beerer, f^
i
THE CflKOMlCLE.
ul
Cotton.
Cotton.
&
Woodward
Stillman,
POST BUILDING,
t'»r.
Exchange Place,
INMAN, S WANN&Co W.
COTTON MERCHANTS,
[Rkab of Custom Hocss],
YORK.
HENEEALCOMMISSION MERCHANTS
LOANS MADE ON ACCEPTABLE
Misccllaneouji.
Walter r. Hatch.
Nath'l W. T. Hatch.
IlBiiOTer ifc Beaver Stu.
NEW
COTTON EXCHANGE
New
BUILDING,
Vork.
T. Hatch
LOANS MADE ON
SOCITHERN SECURITIKS.
14
BBA.NCH OFFICES il2«
(IjNo
on
&
Woods
William H. Beede
& 18 Excbanse Place.
COTTOX, STOCKS AXD DONDS.
No*. 16
MOVEMENT »
" COTTO.X
&
P. Billups
Co.,
HOME
&
18 Excbanse Place,
NEW
P06T BUILDING,
CHART.
the Cotton Trade of the United
An
States »h .wing he Conipbrative Monthly and Yearly
Ueceipts, Lxportf. Hume consumption. Prices, Ac
tince 1^. Cotton Production and Consumption ox
B. BWKN,
the World.
31 Uroad Street, New York.
exhibit, of
i
YORK-
Special attention given to the Purchase and Sale
of Contracts for future delivery of Cotton.
,
KDWARD
Company
Insurance
OP NEW YORK,
OFFICE, 119 BROADWAY.
Fllty-Seventb Semi-annual Statement,
8HOWINO THE
CONDITION OF THE COMPANY ON THE FIRST
DAY OF JANUARY, 18f2.
CASH CAPITAL
COMMISSION MERCHANTS
NEW TORH..
234S.
J.
COTTON
ORDERS Ur FUTURE CONTRACTS
EXECUTED UfKEW YORK AND LIVERPOOL
Box
Co.
No. 114
16
P. O.
&
COTTON BROKERS,
PEABL STREET.
(POST BCILDINQ,)
^*
>cw
<*^l'.'o','.L''Jt*''t*"'
'J:
(
unpcl sr.,
Haven
COUNTRY BANKERS.
accuunts of
McBPHT
Murphy,
Sons,
m-'ir^'ln.
delivery of cotton.
a.
&
BANKERS.
NASSAU STREET, NEW TO UK.
caali or
advances made on ConslKnmenta.
a.
P. Hatch.
Arthur M. Hatch.
DEPO.SITS HKCEIVED— subject to check at sight
—with Interest upon balances.
Special attention paid to INVESTMENTS and
Special attention paid to the execution of orders
or the purchase «r sale of contracts for future
WM. HiKBY Woods.
Renry
Verronal attent on given at the EXCHANORS to
the purchase and sale of S'lOCKS and BONDS for
SECURITY.
fjlberml
[IPkbrOajrt 11, t883.
WALTER & KROHN,
$3,000,000 00
Reserve for Unearned Premiums 1,943,733 CO
Reserve for Unpaid Losses
245,595 36
Net Surplua
1,800,180 90
$6,995,509 26
Cash Assets
SCItlinARY
OF ASSETS
the United States, available for the PAYMENT 01 LOSSES by FIRE and for the protection of Pollcy-Uolders of FIRK INSURANCE;
Cash in Banks
$130,172 81
Bonds and mortgages, being first lien on
real estate {worth 13,600,750)
1 ,555,8os 00
4.07y,50i) 00
United States stocks market value)
Bank & UK. stocks &bd8. (market value) *X<4.KS!S 00
121,750 00
State and municipal b'U» (market value)
Loans on stocks, payable on doniand
(market valueolcoliater'ls,$8J1.507 50) 229,750 00
Interest due on 1st January. LtM-2
85,911119
KI.KSa Od
Premiums uncoU'ct'd & in n'nds of agts.
47,auu OH
Real estate
Held
in
t
&
Rogers
Pendleton,
COMMISSION MERCHANTS,
NO. 97
PEARL STREET, NEW YORK.
Advances made on consignments of Cotton, Grain
mad other Produce.
Buy uiid sell contracts for future delivery of
Griin and Provisions.
F. Orumbie,
COTTON, New
J.
114 Pearl
St..
York.
Special attention Kiven to orders for the buying
and BelUng of Cotton for Future Deliysbt.
Member of Cotton Exchange.
HKNRV
CHAa. FRANCIS BBEBE.
M. EVANS.
Member N.
Y. Cotton Exchange.
Beebe,
NEW STREET.
No*. 42 Sc 44
SPECIAL ATTENTION TO
Pnrchaae and Sale of Contract, tor Fntnre
Delivery.
Wakrxn swbm,
John M. Ewkn.
jb.
Ewen
Brothers,
COTTON BROKERS,
No.. 31
<Ic
33 Broad
J. W. HINSON.
A. R. Bloont,
Member Cotton li:xch'iie Member Produce Kxeh'se.
K. U. RoDNTaEE, bpecial.
'
&
H. CLISBY
OR-
DERS FOR FUTURE DELIVERY OP COTTON
AND PRODUCE.
HYMANB i DAUCY,
Co.,
COTTON COMMISSION MERCHANTS,
97 Pearl St., New York.
Bpwial attention glTen to the
of oontracu for future delivery.
Hughes, Carter
purchue and
&
tal.
Co.,
COTTON BUYBBS.
MOBILE. ALA.
Advances made
&
Co.,
COTTON BR0KEK8,
117 Pearl
street.
St.,
York.
on Conslffnments to
Meaara. JAMES FINLAY & CO.,
IJVERPOOL, LONDON AND GLASGOW.
Also execute orders for Merchandise throuKh
meura. FINLAY, ML'IR & CO.,
CALCUTTA AND BOMBAY.
CONTRACTS FOR FUTURE DELIVERY COTTON bought and sold on commission in New Yorit
and Liverpool: also at New Orleans tbroUKh Messrs.
Samuel U. Buck & Co.
OF HARTFORD.
1, 1881
unpaid losses
and re-insurance fund
NET SURPLUS
No. 2 Cortlaiidt
Graham
(Successors to R.
M.
&
WATERS &
BANKERS
&
York.
LONDON AND
New York.
Ortw. for Spot «X>tton wd FutnrM prompUv wu.
FABBRl,
S. B.
Esq. (lirtxei;
Morgan &Co.)
J. J.
ASTOR,
Beq.
CO.)
CHAS.
E.
WUITE, SAM.
P.
BLA«UE>,
MANAGERS,
New
eillce
S4
WUllam
New
St.,
New
York.
York.
LyOntinerctal
Ins. Uo,
(OF LONDON),
York.
ALFRED
Special attention paid to the execution of
ordara
'''
:
OHITTBNDKN.
EZRA WHITB, Esq.
Hon.
for the puroba»e or sale of contracts for future
de.
Uverr of ootton. Ubwal advanow mad. on oon-
.l«ain.nu.
Mauageiueut,
SOLON HUMPHRBYS, Ch'i'n.vB. D.MorRai * Co
DAVID D0W8, Baq. (David Dows Hi Co.)
^ Schroeder, Union
111 Pearl Street,
EDI!KBlIR«i:ll.
NSW YORK
INVESTMENT SECURITIES BOUGHT AND
I OLD FOR A COMMISSION.
BINBT H. WABX.
Gnj^IAT SCBKOIDBB
"^Y. :\;
Co
Ins.
OF
E. P.
Co.,
COTTON COMMISSION MERCHANTls
Street,
British
Mercantile
AND
18 William
JMew York.
Dniteil States Board, of
FUTnRK CONTBAOTS A SPICIAXTY.
Jno. C.
North
LA.
New
$3,739,271 »»
St.,
JAS. A. ALKX.1NDER, Agent.
COMMISSION MERCHANTS,
Co.,
1,694,801 80
3,000,000 00
Capital
8c Wisdom,
COTTON
&
$7,424,073 7a
Liabilities for
Gardes
Special attention paid to the execution of orders
for the purchase or sale of contracts for future
delivery of cotton in this market. New York and
Liver pool.
Company
Assets January
CaTTON COMMISSION MERCHANT6,
MERIDIAN, MISS.
Dennis Perkins
New
Sontb IVUlIam
NoRroLK, Va.
Hyman &
iETNA
Henry Hentz & Co.,
GENERAL
comnissioN merchants, Insurance
No. 110 Pearl Street,
And General Commigsion Merchants,
89 PEARL ST., NEW YORK.
»a,885,509 aa
Total
CBA8. J. niAKTlN, President.
J. H. WASHBVRN, Secretary.
COTTON BROKERS,
COTTON FACTORS
Dancy,
CO.,
PUBCHASE ONLY ON ORDEK8, FOB A COMMISSION
Geo. Brennecke
Blount,
Special attention Riven to the execution of
&.
COTTON BUYERS,
MONTGOmERY, ALA.
NEW ORLEANS,
Street,
NEW YORK.
Hin&on
^OHN
8
&
Evans
53
COTTON BROKI.RS,
BEAVER STREET, NEW YORK.
•"•"'J-'IJ-'
PELL,
Resident Managtr,
Sr
&
S9 Wall
Streei
@FedFRASER