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HUNT'S
MERCHANTS’
&
MAGAZINE*
iUwspape*,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL
INTERESTS
OP
THE
UNITED STATES
[Entered, according to aot of Congress, in the year 1883, by Wm. b. Dana A Co., In the office
ot the Librarian of
Congress, Washington, D. C.)
VOL. 36.
SATURDAY, FEBRUARY 17, 1883.
CONTENTS.
THE
Future Bond Calls
The Financial Situation
Hieh
Duties
and
Business
for interest due and
It is to be
185
and
Railroad
Stocks
Bonds
Quotations of Stocks and
Railroad
Returns
188
ance
....
of
191
Earnings and Bank
I
192
Dry Goods
Chronicle is published
[ Entered at the Post Office, New
York, N. Y.,
TERMS OF
as
over
For One Year (including
IN
postage)
For Six Months
do
Annual subscription in
London (including postage)
Sixmos.
do
do
do
Subscriptions will be continued until ordered
trier, or
at the
publica tion
in
Liverpool
ADVANCE*
Money Orders.
Office.
FUTURE BOND CALLS.
The late call of tlie
Secretary of the Treasury for 15
millions of
bonds, which wa3 so much of a surprise to the
public, has given new interest to the
question of future
calls. As recent
developments have unsettled the con*
elusions of a few months
back on that point, it seems
desirable to review old estimates and
see how
far, if at all,
%neecl now to be modified.
It will be
remembered that the present fiscal
year opened
tfith the actual
available balance in the
Treasury smaller
than at that date
for any year since the
resumption of
specie payments. This
is an important fact, as it
pro¬
motes a belief
that for bond calls the
Secretary will
probably confine himself
wholly,
this
year, to surplus
Avenue.
That was not. the case
year
months, for
although
on
Folger
on a smaller actual bal¬
For it will
if
January 2, 1883,
Mr.
into next
With
be
noticed, in the
that the actual
Treasury
only $111,463,911;
was
Folger should think it wise to carry
July no larger amount than he held in
regard to the policy of that
arguing
But
now.
balance, it should
$19 20.
The office of the
Chronicle m Liverpool is at No. 5
Brown’s Buildlues, where subscriptions and
will be taken at the
regular rates, and single copies ofadvertisements
the
paper
supplied at Is. each.
A neat file cover
is furnished at 50 cents:
postage on the same is 18
wuts. Volumes bound
for subscribers at $1 00.
william B. DANA. 1
WILLIAM B. DANA &
00., Publishers,
foaso. FLOYD.
5
79 & 81 William
Street, NEW YORK.
Post Office Box 958.
twelve
of Mr.
revenues.
6 10.
£2 7s.
1 8s.
stopped by a written
The Publishers cannot be responsible
office.
lor Remittances unless
made by Drafts or Post-Office
department
it at 119£
January last, he could redeem bonds to the extent
of 8 million dollars
by thus encroaching on his reserve,
in addition to
using for that purpose his surplus
second-class mail matter.]
SUBSCRIPTiON-PAYABLE
the
furnished last week,
that
so
204
Saturday morning.
run
this discussion.
we
balance
>£\u (£hrcruiclc.
Thb Commercial and Financial
New York every
gave
than his
in
table
Range in Prices at the N. Y.
Investments, and State, City
Stock Exchange
189
and Corporation Finances..
193
THE COMMERCIAL
TIME?.
Commercial Epitome
197 I Breadstufts
203
Cotton
198
day),
predecessors in that office have thought
necessary to keep, a fact that ought not to be lost
sight
Bonds 190
few York Local Securities
and
that
said, however, that the inclination
evidently is to
Depression
182 Commercial and Miscellaneous
TueCiiicago & Northwestern’s
News
186
Present Net Earnings
183
THE BANKERS’ GAZETTE.
Money Market, Foreign Ex¬
change, U.8. Securities, State
on
millions.
CHRONICLE.
179 The Phoenix Park Assa-sins ..185
180 Monetary
and
Commercial
English News
payable
NO. 921.
funds in the
excess
of
which
are
month
as
the
in
not
bo
Treasury
are
actual
carried
course we are not
estimating what is a safe
forgotten that 'the available
in one particular always in
balance.
That
is, there
along in the account from
obligations and deducted
demand
available cash on hand, which will
Take for instance a
never
are
items
month to
from
the
be
presented.
part of the outstanding overdue debt
which on the first of
January was reported, principal and
interest, at about 15 millions—probably 4 millions of that
amount will never be heard from.
Then, again, there are 381millions legal tenders held for the
redemption of National
Bank note3.
When
remember that this fund covers
amount of notes which have been in circulation
years, and further that to some extent it is the
residuum of deposits made for the
purpose of retiring
we
large
twenty
a
notes
during those yeais, we must acknowledge that
although it correctly stands as a demand liability, it is only
nominally so, for a very considerable portion will never be
needed.
These
thoughts enter into this discussion, since in view
Judge Folger’s policy hitherto, they suggest the possi¬
ble contingency of bond
payments in excess of surplus
income, by a further reduction of reserve the current year.
Passing that point, however, brings us to the question of
of
during the previous receipts and disbursements. It appears to be admitted now
the surplus for the on ail sides, that for the twelve months
expenditures will be
ending June 30, 1882, was only
145£ millions, 15 millions short of the estimates, because the requirements
th& debt
redemptions reached .166^ millions, the of the Pension Bureau were
cash balance
overstated to that extent.
having been -drawn down during the year Another item on the same side of the
account in which,
20|millions. We find in the Finance
°ut of
Report
no data there will also be a gain to the
which we have been
Treasury, is that of interest
able to figure\the available on the
public
debt.
Mr. Folger estimated his needs at
Mance June
59£
30, 1882, but the
monthly Treasury state¬ millions. Probably he will save not less than five millions
ment of
July 1 (the day after the
closed and after
Qpverpment accounts of that sum. We suppose also that the “ civil and miscel¬
the deduction had
apparently been made laneous expenses, including public
buildings,” together
CHRONICLE.
THE
ito
[Vol. XXXVI.
improvements’*'—which two items this surplus fund would be added to. As to his^obEga
covered appropriations about 12 millions in excess of the tions up to this time on account of bond calls, he has either
previous year—will come short of the appropriations at already paid or agreed to pay—including the late call and
least another five millions.
Thus altogether we have a the offer maturing February 28—$114,693,200 out of
saving in expenditures compared with the estimates for this year’s net income. Of the offer maturing February
the fiscal year ending with June 30 of about 25 million 28 for 10 millions, probably at the date of its
expira.
with “river and harbor
tion not
dollars.
over
6 millions will have
accepted it, so that 4
millions
may
be
deducted
on
that
present
encourage
the
outlook does not
account, making the total
calls
and
one to anticipate a result quite up to
redemptions
up
to
the
present time 110 J millions
Mr. Folger’s expec*
To show what his figures then were, and leaving about 27 millions more to be called and paid
tations in October.
As to revenue,
give the following, covering the actual results for the
fiscal year 1881-2, with the estimates for 1882-3, and the
we
differences.
FOR YEAR
END’fr JUNE 30.
Customs
revenue
Miscellaneous sources..
*Tctal
There
can
1883.
Increase and
Estimated.
Deci'case.
$
220,410,730
Ecceipts from—
Internal
1882.
Actual.
$
$
Inc.
146,497,595
36,616,925
403,525,250
415,000,000
Inc. 11.474,750
now
14,589,270
Dec. 1,497,595
Dec. 1,616.925
of the failure to realize
a
part of the expected 14\ millions increase from the cus¬
toms revenue.
Up to the 1st of February the receipts from
this source were 4| millions larger than the receipts for the
same
months of the
previous
year,
this
year’s income without encroaching further
upon the reserve.
Of course if Congress fails to pass any
bill decreasing the revenue, there will be still another call
made necessary this year maturing early next
year.
THE
235,000,000
145,000,000
35,000,000
be little doubt
out of
but all of the addition
FINANCIAL
There has been
SITUATION.
improvement in the situation the past
week.
The truth is that ' just now there are so
many cir¬
cumstances favoring the indulgence of vague
fears, it is
not surprising the public should be a little nervous and
unsettled.
Still, the attitude at the moment by no means
amounts to actual distrust as to the future, but rather a
disposition to await the development of disturbing influ¬
ences, which it is hoped, and, aside from currency irregu¬
larities, is generally believed, will be but temporary.
As to the action of Congress on revenue matters, the
same uncertainty exists which has hung over the busi¬
ness community so many weeks.
In fact, the situation is
no
previous to November, the imports, and conse¬
quently the customs payments, having fallen off since
then. For the subsequent five months of 1882 (February to
June, both inclusive) our foreign imports were extremely
large, and for the four months from March to June they aggravated in this particular somewhat, since any solu¬
averaged the enormous total of 66 J millions per month. tion of the problem before the 4th of March seems now
We cannot, therefore, anticipate, under the conditions of almost impossible ; and yet the need for action is be¬
trade and credit existing here to day, that the country coming daily more apparent. This special necessity grows
will consume or take within many millions of the same out of the immense surplue income we shall be left with
amounts of foreign merchandise that it did a year ago; for the next fiscal year, if there is no reduction in taxa¬
and still it is of course possible, for our currency i3 in tion, the rapid payment of Government debt it will make
such a wretched condition by reason of silver coinage and necessary, and the serious interference with our bank
certificates, that any disturbance in our trade relations circulation which will be likely to result. In a previous
with foreign countries would not surprise us.
• It is column we have shown the probabilities as to bond re¬
reasonable, however, to conclude that the Treasury will demptions during the remainder of this fiscal year, and
find the presumable surplus for that purpose larger than
come short at least 10 million dollars of its estimate of
has been generally anticipated.
But if the revenue laws
receipts from customs.
The other two of above items (internal revenue and remain unchanged after July 1st, the prospect is, with
miscellaneous sources) may make good a part of this loss. the decreased appropriations likely to be made, that there
Up to the 1st of February together they showed a loss will be a considerably increased surplus during the next
compared with last year of only about $700,000, against a Sseal year, while of course there is no way to dispose of
total estimated loss, as above, of $3,114,520. It is possible it except by calling in bonds, the most of which are now
that internal revenue receipts will fall off very decidedly held by banks as security for circulation.
This situation, it is also further feared, might make the
between now and the end of the fiscal year if Congress
S'aould pass the Senate tariff bill, which is, as is knowD, a calling of an extra session alrao3t unavoidable. Congress,
part of the old revenue bill. In view of the tax remis¬ in a commercial or financial way, scarcely ever acts on
sion on July 1st, which it would effect, the manufacture the community like a soothing syrup, and in this instance
of the articles relieved, would most likely be contracted could not, even if it tried, as its chief work would con¬
during the months previous to that date within the nar¬ sist in opening anew the present discussions as to changes
rowest limits practicable.
Still that is a matter for future in the revenue laws, and that in turn must disturb in a
consideration, the contingency of any revenue bill being measure all - industries to be affected. Under such cir¬
passed being just now so doubtful; and besides, the receipts cumstances it is no wonder that enterprise drags and
from the largo stock of whiskey in bond may show a gain.. business prospects are somewhat uncertain, especially as
Hence as the matter stands to-day it looks as if the Treas¬ the new Congress could not be got together for some
ury would realize probably two millions more from these two time, and then action on the measures discussed would
sources than was expected, thus making the total revenue
necessarily be prolonged. In the meantime Government
come within 8 million dollars of the above estimate.
revenues must go on at the old rate, bdnd calls must con¬
The conclusion from the foregoing facts seems to be tinue only in increased amounts, and the merchants and
that instead of a surplus income of 120 millions, as antici¬ manufacturers of the country must hang upon the tele
pated by Mr. Fo’ger, he will have at his command for graphic reports 6f the^daily discussions at Washington,
redeeming debt about 137 millions—that is, an addi¬ about as eagerly as the |put and call
tion of 25 millions from a decrease in expenditures less 8 the too slow movements i>f the tape.
millions decreased receipts.
But the anxiet^fttfioeen aggravated this week by t e
Should he also let his bal¬
ance fall
offJr any amount, just to that extent of course floods which have lately become so very^ destructive
was
secured
speculator watches
lit
February
181
THE CHRONICLE.
17, 1883.]
the line of the Ohio river. This influence acts
unfavorably in a double way, first because of its immedi¬
along
snow.
-The Ohio flood
has also
been made of
special
use
to affect the values of Louisville & Nashville and the stocks
of other roads in that section of the country.
So far as
effect through the losses incurred and the interference
with business and railroad traffic resulting, and further by property is actually destroyed by this cause, of course that
is a loss, but the interruption to traffic must be of brief
reason of the fears it excites of floods in the Mississippi
duration.
On the other
hand, the Union Pacific,
valley, not so much now as later on when the snows
the Wabashes, Hannibals, and, indeed, all the South¬
in the Northwest melt, at which time more harm can be
roads were in the early part of the week favor¬
done to the crops in the Southern section. The winter has western
been unusually severe and the snow-fall large in the dis¬ ably affected by indefinite rumors with regard to a con¬
tricts which naturally contribute to swell the Mississippi in ference of the managers of these roads at which some¬
One story was
the spring, and as that river will start with this early flood, thing of importance would be decided.
it is feared ihat the later ones may be very extensive and that a joint lease of the Hannibal by the Chicago Bur¬
ate
At all events, for the time being the traffic of
harmful.
the railroads is interfered with, and the movement of pro¬
duce over the turnpike roads is delayed, and all this affects
railroad earnings and hence the value of railroad properties.
Besides these and other general influences, the week has
been fruitful in special events of more or less importance in
bearing upon Wall Street markets. Prominent among
them was the lease by the Western Union of the Mutual
their
Telegraph Company. This would naturally be
looked upon as a stimulating movement, but it did not
appear to be so interpreted.
Probably the cause of the
adverse effect, was in part the fact that this lease only took
away one of the opposition lines, and leaves three more
in existence (besides that innumerable unborn host still
ensconced in the womb of the future) to tempt the insati¬
able appetite and try the ostrich-like, digestion of the
Western Union.
There are yet left the Bankers’ & Mer¬
chants’nowin operation between New York and Washing¬
ton with western extensions contemplated, the Baltimore &
Ohio wrhich renews the promise of a cable to Europe
besides other facilities, and the Rapid system which if not
thus far grown into large proportions certainly gives proof
of being very active.
Still another unfavorable develop¬
Union
ment
was
the circumstance that this lease does not
seem
to
put an end to the litigation against the Western Union ; it
has rather furnished
the
occasion
provocation for a
new
legal proceeding. Most likely this fact, and to some
extent also the illness and subsequent death of ex-Gov.
ernor Morgan, who is reported to have beeh one of the
largest holders of the stock, helped[the downward tendency.
or
Erie bonds and stocks have in like
cloud
this
been under
manner
The
lington & Quincy and the Wabash & Pacific would be
arranged. The meeting was held on Tuesday, and after
a
protracted discussion was adjourned to yesterday, when
another meeting was held and another adjournment made
until to-day.
So far as wre are at present informed noth¬
ing decisive has been agreed upon, but it is probable that
all differences between the roads west of the Mississippi
River will speedily be harmonized and permanently set¬
After the adjournment of the meeting on Tuesday
tled.
the Wabashes declined, and the other Southwestern stocks
were more or less active as the result of manipulation; but
on Thursday and Friday the whole market fell off under
the influence of the unfavorable news regarding the fresh¬
ets on the Ohio. One of the strongest stocks in the middle
of the week was Illinois Central, which advanced on the
announcement of a 17 per cent scrip dividend.
It is almost needless to say that the presence of non •
professionals is not discernible in the market, and
outside
buying either for investment, except in a
very limited way, or even for speculation, cannot be
expected while the future is involved in so much uncer¬
tainty. There is a large short interest, but the leaders
appear content to prevent any serious decline, and this
course will
doubtless be pursued until the suspense re¬
garding some of the matters above discussed is ended.
Money has been in good supply again this week. Busi¬
ness
is no
active, speculation is dormant, and conse¬
quently the banks have a plethora of funds, and this
condition of affairs is expected to prevail until there is a
change in trade and speculation revives.
The Treasury
operations for the week have resulted in a gain, which is
a loss to the banks, of $2,151,109.
The .following will
show the interior movement, which has been influenced
this week by a fall in the rates of exchange at Chicago
special cause which has acted
against this property has been the decision last week of
the managers to issue a collateral trust mortgage.
This is
coming of late quite in fashion, as a method for providing and St. Louis on New York.
for a floating debt which has perhaps grown a little trouble¬
Received.
some. We can see no room for adverse criticism upon this
Shipped.
Receipts at and Shipments from N. Y.
$1,295,000
$1,753,000 /
practice, so long as the arrangement is open and it is well Currency
18,000
understood what securities are pledged and where they Gold
Total
$1,313,000
$1,753,000
come from. There is nothing like secrecy in such
matters to
excite suspicion and disturb confidence.
It is, however, a
Last week’s bank statement doubtless - very nearly
perfectly legitimate thing—a natural outgrowth of the reflected the actual condition of the institutions, and the
general tendency to acquire connecting or adjoining prop,
following will indicate the character of this week’s return.
erties—for a company to borrow money on the securities
it has paid
In'o Banks. Out of Banks
Net Loss.
money for and holds, of roads the possession
a
of
which
Pacific
done
a
week.
it
and
thus
the
this, and it is
similar loan.
to
Louisville
now
&
retain.
The
Nashville
have
Union
both
said that the St. Paul is to obtain
This method
and troublesome than
ors
wishes
is
much less inconvenient
carrying a floating debt,
would like to be informed of the details of
but invest¬
the trans¬
action, and certainly the holders of the securities of the
company have a right to know them.
Another influence working against the market has been
the continued decrease in
earnings on the roads in the
extreme Northwest. This, however, as we explained last
week, is probably wholly temporary, due to storms and
Sub-Treasury operations, net...
Interior movement
Total
The market for
$
1,313,000
$2,151,109
1,753,000
$2,15?,109
■51,313,000
$3,904,109
$2,591,109
4.40,000
foreign exchange remains firm in con¬
sequence of the scarcity of commercial bills, and at one
time during the week some of these ruled at prices a
fraction higher than bankers’.
The demand is steady
without being very urgent, and the tone is extremely
dull.
Our grain markets have been stimulated this week
by the reports that the seed planted in Great Britain and
on the Continent last fall has rotted, and that
there is a
prospect of a short crop in Europe. The advance in price
i]
m
182
THE CHRONICLE.
[Vol. XXXVI.
has
completely checked the export demand, and agents and that the localities where iron cannot be made
cheaply
foreign houses do not look for a renewal of are therefore yielding to the-superior
advantages
of
others
the inquiry until the rates in our markets decline. where the conditions of
production are more favorable
The European, and especially the Continental,
grain The chief interest in this suggestion lies in its wide
appli¬
centres are said to be well supplied, and some claim
cation, as it furnishes in part the explanation and
suggests
that the stocks on hand are sufficient to last until the next a
remedy for the want of buoyancy which has prevailed
harvest; but if the reports now current of damage to the not only in iron but in many other trades
during late
crop of winter wheat in Europe are confirmed, and if the months.
weather continues unfavorable for
One can see how widely this condition now
spring sowing, there
extends, if
may follow such an urgent inquiry for our cereals as will he will read the complaints which
appear almost any.
start a free export movement and give us a
steady supply where in the evidence taken before the Tariff Commis¬
of bills.
Whatever is done in securities between here and
sion, or if he will follow, however briefly, the debates on
London, generally results in a movement hither and this this subject in Congress. A Senator last week
while
will account for the firm tone for
exchange. The follow¬ speaking in favor of increasing-the duty on wool, said the
ing shows relative prices of stocks and bonds in New present decline in wool—an article,
by the way, that has
York and London at the opening each day.
maintained its price with greater
regularity than most
others and at the expense of the woolen
Feb. 12.
Feb.13
Feb. 14.
manufacturer, or
Feb. 15.
Feb. 16.
at least when his
industry
was
languishing—this
Senator
Lond'n N.Y. Lond'n N.Y. Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
slated that the “ present decline in wool was
prices.* prices. prices * prices. prices* prices. prices.* prices. prices.*
prices
owing to the
of
*
-
U.S.4s,c. 119-55
U.S.3%s
102 99
Erie
2d COD.
9691
Ill. Cent.
14610
N. V. C..
128-37
3774
Reading 2751+
Onfc.W’n 2617
fit. Paul. 102*51
119%
119-68
10S
10324
119%
103%
36-64
37%
38%
96
96-42
94%
*143
147-80 4143%
125% 125'88 125%
55
27-27+
51%
26-29
26
25%
102
101*78
100%
119-68
119%
“
119-55
119% 119-80
103% 1C3-48 103% 103-48
36 64
3664
36%
36-28
36%
96-06
95
95-45
9593
94%
*144-63 144% 14476 145% 14451
12576 125% 126 37 125% 125-76
2715+
54% 2715f
53% 26 78+
26-05
2805
25%
2593
25%
10l-i9 100% 101-53 100% 10093
103 48
119%
103%
86%
94%
143
125
53
25%
100%
protection has increased its production until
competition has been produced among ourselves.” That
is, production had outstripped consumption, even in that
favored industry, for protection had stimulated its
growth
more rapidly than
ppindles could be made to profitably
work it up into goods.
Kxch’ge,
cables.
4-87
4-87
4-87
4-87
4*87
*
Expressed in their New York equivalent.
1 Reading on basis of $50, par value.
} Ex-dividend.
The Bank of
England rate of discount
was
reduced this
week to
3£ per cent from 4, at which it has stood since
January 25. The Bank gained £210,000 bullion during
the week, but the proportion of reserve to liabilities has
been reduced 13-16 per cent.
fact that
“
a
The truth then that Mr. Hewitt’s remark
suggests, stated
little broader than his language gives
it, is that under
a
policy of protection industries are so encouraged that
they spring up while prices are high, in places and under
conditions positively shutting out the
possibility of a prof¬
itable business, so that the first
depression in the market
distresses them, and if prolonged cannot but strand them.
Often also the wide margin for profit the
protective duty
makes, begets the idea that any one is skillful enough to
The Bank of France re¬
ports an increase of 5,875,000 francs gold and of 612,500
manage, or that even the slackest supervision will suffice
francs silver, and the Bank of Germany, since the last
for, a given business, and that it can prosper regardless of
return, shows a gain of 3,823,000 marks. The following
high rates of interest, poor machinery and a reckless cash
indicates the
amount of
bullion in each of the
European banks this week
last year.
and at the
:
principal account. These ideas prevail, and perhaps
especially the
corresponding date latter, even without a tariff to
encourage them, but the
*
Feb. 15, 1883.
Feb. 10, 1882.
Gold.
Silvei'.
Gold.
Silver.
£
£
£
£
Bank of England
Bank of France
Bank of Germany
22.005,705
20,737,213
30,307,089 43,320,920 32,049,758 45,115,787
7,545,787 22,037,303
6,860,750 20,582,250
Total this week
Total previous week
08.006 394 65.790.420 58.311,428 65.011.959
The
GO,459,1S1 05,9647289 00,247,721 65,693,037
Assay Office paid §84,269 through the Sub-Treasury
for domestic
the
bullion, and the Assistant Treasurer received
following from the Custom House.
Consisting of—
Date.
Duties.
Gold.
Feb.
“
“
9...
$557,089
433,060
682,835
060,553
293,292
197,047
10...
J#2-
“
14...
“
15...
Total.
13
38
35
$20,000
11,000
13,000
15,000
37
73
36
$2,824,478 32'
77. S.
Gold
Silver Cer¬
Notes.
Cert if.
tificates.
$24,000 $417,000
23,000
40,000
$90,000
47,000
352,000
546,000
526,000
83,000
73,000
11,000
20,000
219,000
37,000
9,COO
10,000
158,000
20,000
$79,000 $170,000 2,218,000
5356,000
47,000
HIGH DUTIES AND BUSINESS DEPRESSION
Mr.
Hewitt, in his letter to Representative Cox, which
in the House early in this
month, touches a
point that is too frequently overlooked, and yet it is so
practical and important that it cannot be made too promi¬
nent in tariff discussions.
In speaking of the
depression
in the iron trade he
says in substance that it is due to the
fact that domestic production has
outstripped consumption,
was
read
nearly an industry is shut out from the world’s com¬
petition the greater chance there is for forcing this kind
of growth.
Hence with us manufacturing of all kinds has its short
beats. In the normal state of the trade
only the finest makes
of foreign goods come into the
country, such styles as our
skill has only partially reached; then as
enterprise revives,
consumption quickens, prices rise and profits become
large, until every district, where any of the conditions for
production exist, rushes into the. business. 'The next
stage is the highest grade of prices which can be attained,
coupled with an advance in wages and of other ingredients
entering into and enhancing the cost of the manufactured
material; at this point production has overtaken or out¬
stripped consumption, and with the increase in cost, even
foreign goods can to an extent compete. Then follows
a
partial check to enterprise, an obstinate decline in
values, depression, liquidation, failures, lower wages
and a general return to the normal state.
In this
latter process the mill or furnace with less favored
surroundings, whether of materials or management, has to
succumb or temporarily stop.
And thus our manufactur¬
ing enterprises go from the lowest level to the highest
then back again to the lowest in a never-ending but
quickly-revolving circle, under the action of profits which
are too
great, when prices are in their ordinary state, for
healthful development.
' Similar changes are of course
experienced in every commercial country, but .with this
difference that under a protective policy they not only
are greater, more sudden and
unexpected, but also do
more
February
THE
17, 18b 3.)
CHRONICLE.
183
T
require for their recurrence a general commercial dis¬
turbance—that is, the circuit from the highest to the
lowest point is shorter.
We had one such drop in the
comparatively prosperous year of 1868, besides the one that
came with the general collapse of 1873; and now, while
not
against $16,757,861 in 1881-2, an increase of $30,782,
freight earnings show a decrease in the large sum of
$745,516, which was overcome by an increase in passenger
earnings in the equally large sum of $725,366, and by an
increase of
$50,932 in various other items.
This is very
general the commercial conditions are more than or¬ satisfactory as far as gross earnings go; but in times like
dinarily favorable, we have, as we have seen, come pretty these, when all railroad securities are more or less out of
in
public favor, gross earnings alone are not considered suf¬
another manufacturing nadir.
These facts make it evident that the remedy for the ficient as an evidence of prosperity. It is net earnings that
existing depression does not lie in, but that the situation are wanted. Especially is this true of the Northwest,
will become more involved by, increasing duties.
The de¬ which is kuown to be operating a mileage about 500 miles
pression has been brought about after unusual activity in a greater than a year ago, of course entailing an increased
perfectly natural way, and will similarly cure itself through expense in working the road. The company formerly in
a measure
met this desire for net figures by issuing a
a decline in both the extent and cost of production, con¬
tinued until consumption once more absorbs the full outcome statement at the end of the first six months, showing just
of the furnace and the mill.
Then again these suggestions how the road had fared in that period, but last year the
also account in part for the increased import of protected practice w as discontinued and it has not been resumed this
goods in active years, and show the inaccuracy of year. W e are enabled, however, to supply the omis¬
Congressmen who cite the movement of those years as an sion, having obtained from an unquestioned source the
argument in favor of an increased duty. With abnormally earnings and expenses for each of the seven months
high prices and high cost of production iu the United from June to December inclusive; the expenses for
States, this influx is made possible and becomes a check January, the eighth month, we may say, are not yet made
The
upon a development here which if allowed to proceed up, so that we can not include that in our exhibit.
could only end in greater disappointment.
Finally, these figures for the other seven months are given below, in
near
suggestions only bring us by another route to the old con¬ comparison with those of the corresponding months in
clusion as to the ineffectualness of high duties; and hence 1881.
reversely they show the wisdom of enacting some law
1882.
1881.
which will give us a start towards freer trade.
Month.
Gross
THE
CHICAGO
AND
NORTHWESTERN'S
PRESENT NET EARNINGS.
There is at the moment
than the usual
inquiry
for information about the Chicago & Northwestern
Railroad.
Last summer, under the assurance of good
crops and the belief that a scrip dividend was to be made,
the common stock reached 150 and the preferred stock
175.
about
more
Now the former rules at about 130 and the latter at
Operating
Expenses.
Earnings.
June...
July....
Au g....
Sept....
Oct
Nov
Dec
$
2,043,518
2,059,952
2,211,622
2,553,041
2,601.445
2,109,432
1,826,928
Net
v
Earnings.
Gross
Earnings.
$
*
$
26 1,187.456 15 856,060 11 2,306,440 45
90 1,088,219 58 971,703 32 1,983,031 64
50 1,288,692 73 922,929 77 2,315,164 03
20 1,200.449 28 1,352,591 92 2,292,676 79
35 1,189,950 65 1,411,494 70 2,341,097 80
69 1,159,352 42 950,080 27 2,019,037 64
63 1,031,848 00 795,080 57 1,855,476 54
Total 15,405,939 53
Net
Operating
Expenses.
$
1,146,586
1,002,399
1,165,430
972,899
1,047,955
895,781
934,412
Earnings.
$
1,159,853
930,632
1,149,733
1,319,776
1,293,142
1,123,256
19 921,064
72
57
22
90
50
11
73
07
81
89
30
83
35
8,145,998 87 7,259,940 60 15,112,925 19 7,165,465 21 7,947,459 98
shows
This statement
U3
that
while
gross
earnings
decline of 20 and 30 points respectively. during these seven months increased $293,014, expenses
The annual report
(covering the fiscal year ended May increased $980,533, leaving net earnings actually $637,519
31, 1882) was issued in August last. At that time we smaller than a year ago. This illustrates forcibly how
showed that although, according to the balance, sheet, the unreliable net
earnings alone are. The exhibit, however,
company’s surplus was only $7,264,581, yet included is not so unfavorable as at first sight appears; for while
under the head of liabilities were $22,883,150 of the net
earnings are $687,519 below 1881, they are $699,756
stocks of various companies owned or operated
the seven months of 1880, which is an important
above
by the
Northwestern (acquired through advances made on ac¬ fact, the gain in
1881 having been exceedingly heavy.
145,
a
count of their
construction), every share of which was held Then it is to be remembered that during these seven
own
treasury, and which therefore constituted an months in the present fiscal year, the company suffered
asset and not a
liability, swelling the actual surplus to greatly on account of the deficient crops of 1881—
over 30 million dollars.
Here was certainly a plausible especially in the case of corn.
In Iowa, where the North¬
in its
basis for
ment did
a
stock
not
distribution; nevertheless, the manage¬
west
has almost
thousand miles of
road, the reduc¬
yield of this cereal in that year amounted to
deem it advisable to make one,
a
and since tion in the
in its interest of the Chicago St. Paul as much as 87 million bushels. This told seriously on
Minneapolis & Omaha, and the supposition that either the company’s freight business during the last few months
stock or bonds must be issued to
provide for that purchase, of 1882, for while supplies from the crop of 1881 had
the idea of a stock dividend seems to have lost much of its
long before been exhausted, the crop of • 1882 did not go
influence.
Attention is consequently again directed to forward until December, and only sparingly then.
But
what should
the
always be the controlling consideration in
point of greatest interest at this time is, the effect .this
the purchase
purchasing stocks, namely actual earning capacity from
year to year, and to throw
light upon this point we have
obtained the
returns which appear
in this article.
company’s fiscal year ends, as said above, with May 31,
so that
eight months of the current year have already elapsed.
As to the
gross earnings, we know from the statements
that have been
given out at the company’s office, that the
results in that
period this year and those in that of the
previous one do not differ
materially, though the several
sources of revenue have not all contributed in like
degree
111
two periods.
Thus while the total gross earnings
for the
eight months aggregate $16,788,643 in 1882-3
The
decrease in
net
results
for
the company’s
year, when joined to reasonable
prospects for the remaining five months. Before attempt¬
ing to answer this inquiry it will be useful to observe what
has been the showing in years recently passed.
We
consequently give the following table of mileage, gross and
net earnings, interest charges, and net income, for the last
four years.
The column next to the last shows, not the
dividends actually paid in each year, but the dividends at
present being paid, the object being to show how far the
income of past years would go to meet this year’s require¬
net
earnings will have
the
ments for that purpose.
upon
184
>1
is
it
THE
Av'ge
Grow.
1880
Net
and
Income.
2,129
2,216
14,580,921
17,349,349
19,334,072
23,684,656
1881
2,644
1882
3,033
Rentals.
Net.
$
1379
Sink. F'nds
Oper¬
ated.
Amount
Interest,
Earnings.
MUM
$
6,873,272
8.917,749
8,908,251
11,045,022
CHltONlCLE.
Required
on
Remainder.
Stock.*
f
I
4,585,644
4,837,581
5,130,749
5,666,947
2,287,628
4,080,168
3,777,502
5.378,075
1
2,835,104
2,835,104
$
—547,476
+1,245,064
2,835,104
+942,398
2,835,104
+2,542,971
*
This is on the basis of 7 per cent on $15,117,656 common stock and 8
per cent on $22,210,845 preferred stock now out. The latter of course
has a preference of 7 per cent, which is important where the income is
insufficient to pay a dividend on both classes of stock. In ea?h of the
years above, full 7 per cent was paid on the preferred, but in 1878-9 the
received only 4 per cent, leaving a balance of $181,760 to
carry forward; in 1879-80 and 1880-1 it received 6 per cent, with the
surplus for the year respectively $1,674,647 and $1,357,229, and In
1881-2 it received dividends at the rate of 6 per cent for the first half of
the year and 7 per cent for the last half, while the preferred had at the
rate of 7 for nine months and at the rate of 8 for the last
three, with the
actual surplus above these payments $2,791,437.
common
ger
earnings.
no
reason
[VOL. XXXVI.
the crops go, certainly there is
expect that the Northwest will suffer
any loss on that account, as compared with the previous
year.
The company’s lines lie in five States—Illinois
Iowa, Minnesota, Wisconsin and Michigan—and we give
below the product of wheat and corn in each of
those
States in 1882 and 1881, as estimated by the
Department
of Agriculture, prefacing the figures with the remark
that
in Illinois and Michigan the yield is not of so much
consequence to it, since its mileage in those States covers
only a small section of the State in each case, viz. the
northern
As far
as
to
part.
In the fiscal year
1881-2, it will thus be observed, the
company could have distributed 14-40 per cent on both
common and preferred stock.
It is paying at present 7
per cent on the former and 8 per cent on the latter, calling
together for $2,835,104 per annum, and leaving on the
basis of the late fiscal year a margin of over
2£ millions
exhaust before dividends would
to
For the
months
seven
to
be encroached upon.
the first of January we have
seen, from the figures first above
fell $687,519 behind last year, to
given, that the company
that extent diminishing
the
2£ millions surplus. Further we must allow for some
increase in interest charges on 1881-2.
In that year the
total paid for interest and rentals was
$5,666,947, includ¬
ing about $100,000 for sinking funds. Under the laws
of Wisconsin the company is compelled to make returns
for the calendar year to the State authorities, and
through
the kindness of the Commissioner, Mr. N. P.
Haugen, we
have been put in possession of the figures for the
year 1882,
a
interest
and
of
showing payment for
rentals
$5,711,543.
If we add on $100,000 for the
sinking fund, which we
presume is not included in this total, we get a grand
aggregate of $5,811,543 for the calendar year, or about
$150,000 above what was paid for the same purpose in
the late fiscal year.
As the amount of interest included
in this aggregate of $5,811,543, is
$4,200,513, or some¬
Wheat.
Com.
State.
Iowa
1882.
1881.
1882.
1881.
25,487,200
37,030,500
20,145,400
18,248,000
35,952,000
17,987,000
178,487,600
21,127,600
30,201,6C0
173,289,000
16,252,000
29,040,000
82,663,100
52,302,900
33,315,460
72,187,000
26,822,000
21,220,000
229,816,800
187,336,900
30,081,660
218,581,000
168,281,400
120,229,000
447,235,300
420,382,000
bushels
Minnesota
Wisconsin
.
~
Total
Illinois
Michigan
..
Total
176,733,000
25,068,000
With such
no
figures as these, there would appear to be
doubt but what the road will have as.
large a volume
of
agricultural products to carry as in the previous year,
possibly get an increase sufficient to wipe out any loss
of earnings on account of a falling off in
general traffic,
leaving the gross result about the same as in 1882.
The question of expenses, however, has also to be consid.
and
ered: What
this
will it cost to
run
the road this year
?
On
point it can be affirmed that all indications at present
theory that expenses will be heavier in the five
favor the
months of 1883 than in those of 1882.
There is
a
larger
mileage, there have been very heavy snows and ice, while
last year there were scarcely any impediments of this
description, and as the result of the. snows, some of
the company’s officers apprehend floods and freshets
later on, as in 1881;—all this tends to swell ex¬
penses, and there is nothing to offset the increase,
what less than the sum called for on the debt outstand¬
except it be that the priceof materials has gone down.
We may, however, compare with the five months
ing at the end of May ($64,248,000), and as this debt had
on the
1st of January (according to
the report to of 1881, when the conditions partook somewhat of the
Wisconsin) increased to $67,246,000, and as it is necessary nature of those now prevailing. Then the road contended
make allowance for
to
some
further increase in the debt
account of new
mileage, &c., we may assume that the
augmentation in the charge for interest, rentals, and
sinking fund, which for the calendar year is $150,000 on
the fiscal year, will for the current business
year reach,
say, twice that sum. Hence, to the loss of $687,519 in net
for the seven months, we must add $300,000 for increased
requirement on the debt, &c., giving a total loss somewhat
less than a million dollars, against a surplus, as
said, in
the late fiscal year of 2£ millions—this if the
remaining
on
five months should be
as
favorable
as
were
the
same
five
months in 1882.
Now, what
the prospects for these five months ?
We know that January shows a decrease in gross earn¬
ings of $262,230, and that in the first week of February
there was a decrease of $120,400.
But we also know
that in great part, if not entirely, this is due to snow
blockades and other interruptions to traffic.
That being
so, traffic is only delayed, and will come forward in
increased quantities later on, swelling ta that extent
receipts in succeeding periods beyond what they other¬
wise would be.
Still, no one can say just what aggregate
are
with the severest
winter
that
weather
known, so that
the extreme limit
ever
period may safely be taken as
of unfavorable results under such influences.
The five
months this year can
scarcely prove any worse, while they are
likely to prove considerably better. As far as gross earn,
ings are concerned, these are better—up to this time at least.
The January earnings, though $262,000 below 1882, are
$140,000 above 1881 ; and the first week of February
though it exhibits, as said above, the large decrease of
$120,000 on 1882, is yet $28,000 ahead of 1881. And as
far as net earnings are concerned, we need only mention
how small these
were
in
1881 to convince the reader
that
they are not likely to be any smaller this year—on a larger
mileage. In February of that year net earnings were less
than
thousand
dollars—exactly $982—virtually all the
earnings having been eaten up by expenses ; and in the
three months ended March 31, though the company
earned $3,382,667 gross, its net earnings were only
$429,265. That is, more than 87 per cent of earnings
were consumed in
operating the road. In the next two
months it earned net $1,915,594—or more than four
times as much as during the first three months—and that
will be reached for the five months.
In view of the brought the net earnings for the five months up to
quietude of general trade in all sections of the country, $2,344,859, which is what they would be in the present year
it would not be surprising to find a
falling off in the if we assume that the company does as badly as then.
Since these net earnings were $752,704 below what they
quantity of miscellaneous freight moving, which it is
possible might be offset, as heretofore, by gains in passen¬ proved to be in the five months of 1882, there would in
a
THE
1883. i
Febrpak* 17,
185
CHRONICLE.
•—
life and prop¬
erty secure. They could legislate grievances out of ex •
istence ; they could alter the land law for the bene¬
fit of the farmer and the peasant; but they could not
the Government to
contingency be this further sum to be deducted from
the surplus that we had remaining after allowing for the
present dividends on the stock. In other words, we
that
would
during the first
seven months, an assumed loss of $752,704 during the
last five, and a probable increase of $300,000 in fixed
charges for the whole year—together say $1,750,000.
yet even in this case, with every element as unpropitious
it well can be, the company would be able to pay full
have an
actual loss of $687,519 in net
make
state
in seven months of 1882-3
Loss in remaining five months,
Here is how the exhibit
if road earns no
$687,519
$11,045,022
net than in
1881
752,704
cent on common and 8
own
sumed.
1,440,223
Net earnings in current fiscal year (say)
$9,600,000
Charge for interest, rentals and sink’g b’ds (approximate)..
5,950,000
$3,650,000
Net income (= to 9 % per cent on both classes of stock)
more
safe in his
powerless for good ; and to this insecurity
there could be no end so long as crimes of the most
atrocious kind could be committed with impunity. Hence
the discovery of the murderers and the breaking up of
the conspiracy shows that the Government is not only
vigilant and persevering, but has the will and is strong
enough to make property and life secure, so that capital
can now again
make ventures there and industry be re¬
forward, besides, a sur¬
;
Logs
household. ^>o long as this
of insecurity continued, the most beneficent legisla¬
a man
tion would be
as
dividends on its stock, and carry
plus balance of about $800,000.
would stand.
Set earnings fiscal year 1881-2
prevent crime—to make
Gladstone and the-Liberals that
events should have taken this favorable turn at this par¬
ticular time.
These disclosures will serve further to
It is fortunate for Mr.
opposition.
Mr. Gladstone * was never so
strong as he is now. It is reasonable, we think, to con¬
Surplus
- $800,000 clude that if health is spared him, he will be able to carry
If the company should make as much net as during the out out his
proposed programme. Ireland has had her
five months of 1882, in that case the exhibit would stand full share of attention ; and it is but just that the other
as follows.
portions of the empire should receive some consideration
$11,045,022 at the hands of the Imperial Parliament.
Net earnings fiscal year 1881-2
Loss first seven months of 1882-3
$637,519
Loss next five months
nil — 687,519
Net for current year (say)
$10,350,000 plmtctary g ® mmnctxtal gugUsTx
Interest charge, rentals, etc
5,950.000
Net income (= to 11% per cent on stocks)
$4,400,000 RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
Amount required
2,850,000
Surplus
$1,550,000 EXCHANGE AT LONDON-Jan. 27. EXCHANGE
Latest
Jlate.
Time.
We ourselves incline to the opinion that in net earnings
Rate.
Time.
Bate.
On—
the five months of 1883 will be neither as favorable as in
required on basis of 7 per
cent on preferred
Amount
per
weaken the
2,850,000
f|eu»s
1882, nor as
for the year
unfavorable as in 1881, and that the surplus
ended May 31 will be above a million, and
possibly above a million and a quarter—always provided
that the St. Paul & Omaha purchase does not come in to
upset all calculations.
Amsterdam. 3 mos. 12*4% ®12*514
Short. 12*113 ®12*2i3
Amsterdam
20*58
3> 20*62
Hamburg... 3 mos.
44
20*59 ®20*63
Berlin
44
20*59 '3)20*63
Frankfort...
44
12*15 '2)12*1713
Vienna
.
Antwerp....
3 mos. 25*45
44
25-76
Paris
It may now, we think, be fairly
the British Government has at last
of
elapsed without
the
been
Lisbon
taken for granted that
secured the murderers
Cavendish and Mr. Burke. So many months
of Lord
had
Madrid
ASSASSINS
Government
attended
«<
8t. Petersb’g
Checks 25*20
Paris
Genoa
THE PHOENIX PARK
46
44
5178®52
Alexandria..
New York...
Bom Day.... 60 days
60 days
Calcutta..
Hong Kong..
.
the
slightest
Is. 7%d.
Is. 7kd.
....
Shanghai....
any evidence that the efforts
discover the criminals had
even
3)25*25
^25*50
'3>25*80
,®4618
44
to
with
25*4713®25*52!2
44
27
Jan.
Short.
12*07
....
27
27
27
27
27
27
27
27
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
.
.
.
.
Jan.
iJan.
Jan.
Jan.
Jan.
Jan.
44
44
.
20*40
20*3712
20*40
3 mos.
Short.
25*2413
44
23H,*
25*2013
Checks
3 mos.
25*2113
....
.
27 3 mos.
Jan.
„
Short.
.
24 3 mos.
27 Short.
27 4 mos.
44
27
44
27
27
47*20
....
44
95 78
4*82
Is. 7932<L
18. 7®32<i.
3a. 8d.
5a. Id.
correspondent.!
London, Saturday, January 27,1SS3.
I From our own
success,
anticipated, the Bank of England rate of dis¬
reduced
this week from 5 to 4 per cent. There
had been com¬
is now more harmony between the official and unofficial quota mitted with impunity.
The evidence given by Farrell tions for money, and any return to so considerable a discrep¬
was the first indication that justice after
all might not be ancy between the two rates seems to be somewhat improbable.
defeated ; and the startling evidence since furnished by Since the change was agreed to on Thursday the value of money
come to the conclusion
most atrocious crimes of modern times
the
public had
that one of the
As had been
count has been
Kavanagh, with the corroborative testimony in the open market, though tending downwards, has not varied
which has accompanied it, leaves little further room to to any great extent. For three months’ bank bills the quota¬
doubt that the Government is fairly on the way not only tion is 3\i to 3% per cent, and there does not appear to be any
It is admitted, how¬
to the discovery of the actual perpetrators of the crime, prospect of further chaDge of importance.
ever, that the supply of bills in existence is below the average,
but to the unearthing of the secret organization of which
and an increase in it is doubtful, as the trade of the country is
the Phoenix Park murderers wrere the agents.
far from being animated. The recent failures continue to ex¬
Every one who feels any true interest for Ire¬ ercise a cautious influence on trade in general, and unfavorable
land and the Irish people will heartily rejoice over weather has also had an adverse effect. The foreign exchanges
keep favorable to us, and there are no movements of impor¬
this discovery,
for the Dublin assassinations were tance in the market for the precious metals. A period of ease
the
car man
as
foolish
in
bow
as
they were wicked.
Ireland
is
What is wanted
confidence—a
full
sense
of
in the money market may therefore be regarded as
This week’s bank statement is very satisfactory.
certain.
The total
There has been since the commencement of reserve is now £12,377,065, against £10,976,165 last year. The
reign of terror there. The mass of the people, stock of bullion reaches a total of £21,807,705, which compares
with £20,400,920 in 1882.
The proportion of reserve to liabili¬
especially in the rural districts, have been living in a
ties has risen to 44^ per cent, and is 5^ per cent higher than
state of fear, not of the Government, but of each other.
at this period last year, while the Bank rata is 1 per cent, and
They have been trembling for their lives because, in spite the open market rate is 1% per cent, easier. The position of the
of Government
protection, the concealed assassin was every- Bank is now so satisfactory that it should, and we think will,
where; and what was so discouraging was the inability of give confidence, more especially as there is a prospect of fur-
security.
1880
a
186
THE
CHRONICLE.
ther
improvement. The state of political affairs in France is,
however, a cause for some anxiety, and it is said that, as usual
Rol. XXXVI,
shown to hold superior
qualities of produce.
These ha
changed hands at rather more money, but the
upward
ment is a slow one.
A good wheat
crop next harvest
caa
scarcely be expected, as the season is now
advanced for wheat
planting, and the amount of work done ia that
direction has
been under very
when disturbances
might arise, money is being sent to London
employment. The price of Consols continues
to rise, and the
quotation is now 102%, which is a very high
point, considering that the half-yearly dividend has not
long
discouraging circumstances.
been paid. At this period last
year the quotation for the
The following return shows the
extent of the
same security was a fraction under
imports’ of
On the other hand, cereal produce into the United
par.
Kingdom
the value of French Rentes
during
the first
declines, the present quotation twenty-one weeks of the
season, compared with the
being 77f. 40c., against 82f. 35c. in 1882. The unsettled state
correspond
Jng period in the three previous seasons:
of things in France will
naturally have the effect of increasing
IMPORTS.
the ease in the London
money market, since it checks active
1882-83.
1881-82.
trade there and tends, as
1880-81.
stated, to augment the supply of Wheat
1879-80.
cwt.27,837,962 25,909,729 25,293,219,
Barley
29.153.800
loanable capital here. How
8,196,799
6,105,363
6,953,435
long France will remain ia its Oats
7,718,450
6,309,895
1.013,543
5,055,324
present state is a question impossible to determine, but that Peas
6,604,781
929,206
819,960
1,208,066
Beans
1,109,021
880,633
698,374
1,022,461
country seems, since Gambetta’s death, to lack a statesman who Indian com
1.288,394
5,287,962 10,211,908 14,847 8*1
can inspire
9,486,552
6,515,274
confidence, and French news is awaited therefore Flour
3,124,310
5,524 936
5,113,800
with much anxiety.
SUPPLIES AVAILABLE FOR
CONSUMPTION.
1882-83.
1881-82.
1880-81.
Money during the week has been in very moderate request, Imports of wheat.cwt.27,837,962
1879-80.
for investment
or
2.87534—TheCity
and the quotations for discount in the free
market are about
three-quarters per cent below the official minimum. The
downward movement seems to be checked for the
moment, the
quotations being
as
follows
Per cent.
4
Bank rate
Open-market
:
Open market
rates—
Per cent
4 months’ bank bills.....
3M7z>33s
6 months’ bank bills
4 & 6 months’ trade bills. 4
@4%
rates—
30 and 60 days’ bills
3 months’ bills
3*4
3i4 2>338
The
rates
joint-stock banks and discount houses have lowered their
of interest for deposits, and now allow the
following:
Per cent.
3
Joint-stock banks
Discount houses at call
Do
3
with 7 and 14 days’notice
3*4
Annexed is a statement
showing the present position of the
Bank of England, the Bank rate of
discount, the average
quotation for English wheat, the price of
consols, the price of
middling upland cotton, No. 40 mule twist, fair 2d
quality,
and the Bankers’
Clearing House return, compared with the
ni
fill
!*■:.
‘
•»$ \
A* '■
•
three previous years
rfa-r*
:
1883.
1882.
£
Circulation
£
25,180,610
Public deposits
3,747,102
Other deposits
23,906,482
Governm’t securities. 12.585,107
Other securities
20,798.115
Res’ve of notes <fe coin 12,377,035
Coin and bullion in
both departments.. 21,807,705
Proportion of reserve
•
to liabilities........
44-40
Bank rate
4
;rT‘
-.#$ r
■
Eng. wheat, av. price
Mid. Upland cotton..
jfil*
1
Clearing-House
J«{
rJSf
59* i
rtH
:■
*.|;3 ik
10,976,165
13,673,002
16,519,941
17,801.788
16,238,132
29,258,101
hjrfr.
100
46s. Id.
€5g l.
10%d.
99,637,000
3^ p.
47^8
3 p. c
e.
98 78
98%
42s. 4d.
45s. 7d
On,fid.
7»i«d.
10%d.
88,375,000
11VL
88,375,000
England on February
£1,820,009 Treasury bills, in the usual amounts.
A prospectus has been issued of the Montana
Company, lim¬
ited, with a capital of £600,000 in £2 shares, the object
being to
purchase and work the Drum-Lummon silver and gold mine in
Montana Territory, United States.
A new Brazilian loan for
£4,000,000 has been introduced by
Messrs. Rothschild and has been
fully subscribed. The loan
bears interest at 4/£ per cent
per annum, and the price of
emission is 89 per £100 bond.
6 for
^
j;
i*U
j
I,';l'jr4 r.
’lit
*51#
:
!•
,
’
ttii.
y?.t
Uff-;:
■I:. >v £
ft’s?-?
The weather continues to be far from
satisfactory, and
during the last two days we have had heavy winds and much
rain. The slightly improved condition of the soil
mi
has in
sequence
\mi
occasioned,
m:
!
m]
.*■-,-$*
I
*>
|i <U
X€:
U *$.
-
?■'
«
¥
?;
-y >,.
as
farmers
are
much
disappointment has
still unable to work their land.
con¬
bsen
To
considerable extent agricultural work is at a
standstill, and
dry weather is very much needed. British farmers are deliver¬
ing rather more wheat at the various markets of the Kingdom,
but owing to the bad weather a
large proportion of it is in poor
condition. Our imports, however, are liberal, and it is
esti¬
mated that nearly 52,000,000 cwt. of wheat and flour
have been
placed on the British markets since harvest. In the same
a
}> \i£S-
t-r—'-i*
5 -Si
j '<
disappeared, and
S#
,
period of last
cwt.
year the quantity offered was barely 46,000,000
The trade for wheat in this
country is still firm. A
business for consumption is in
progress, and
17,438,000
16,825,600
14^619,830 10,343,320
51,791,236
Av’ge price of English
wheat for season.qrs. 41s. 2d.
45,859,639
45,137,98
produce
home-grown
Total
-
inUuit’d
Supply of
some
steady
disposition is
47s. OJ.
4
4L61olpo
’
43s. 7d.
47r ‘
’
St’s..bush.21,400,000 17,400,000 23,600,000 31,000000
wheat and
’
flour afloat to tno
Un*d Kmgd’m.busli. 2,300,700
The
25,293,218 29,153,800
5,524,936 5.113.800
.
Visible supply of wheat
annexed
returns
2,832,000
show
2,429,000
the
stocks of the
principal
descriptions of grain at 15 ports cf the1 United
Kingdom on the
closing day of last year :
“
Wheat.
Barley.
Qrs.
380,346
London
Liverpool
51,369
20,895
82,800
99,515
81,400
Bristol
77,103
130,000
Hull
Newcastle
Leith
Dublin
Belfast
57
i
,718
17,607
24,300
Cork
Newry
266,000
100
850
2.500
7,155
23.500
14,243
r
5,915
30,662
15,496
22,106
33,872
22,9S2
5,797
16,000
10.000
59,136
17.750
100,000
100,000
Galway
Qrs.
207,000
6,116
27,104
63.177
6.764
Flour.
Qrs.
220
184
200,000
39,332
115,000
26,962
9,500
3,000
1,000
1,400
722,107
64,171
13,300
Total
Maize.
Qrs.
50,000
7,409
22,216
16,829
Hartlepool
Glasgow
Oats.
Qrs.
617,884
Gloucester
1,779,604
398,738
The following were the stocks at 13
United Kingdom in previous
*
44*2
Silver has been sold this week at
50%d. for fine bars, and
Mexican dollars have realized 49 %d.
per ounce.
Tenders will be received at the Bank of
b&l?
25,909,729
3,124,310
of
Londonderry...
26,738,169
4,275,617
30,132,775
20,400,920 21,686,242
9%d.
100,881,000
SL
26,013.210
5,G70,6G4
24,718,953
14,353,3 0
20,551,582
£9,924,336.
i'
i
12,711,986
22.437.585
1880.
Considerable amounts of India Council bills continue to
be
disposed of, the average rate being about Is. 7%d. the rupee.
Between April 1 and January 23 the Council sold
rupees
12,17,69,093 of bills and telegraphic transfers, which realized
.<i»s
i
ret’n.
23,747,290
5%d.
No. 40 mule twist
■"
4,233,855
p. c.
102
40s.
Consols
f
25,174,755
1S81.
&'
6,515,274
Imports of Hour
Sales
750
630,041
principal ports in the
years :
1881.
-
Wheat......
Indian corn
qrs.
qrs.
1880.
824,050
4 67,34 9
1,091,099
649,25 8
1879.
1,679,692
502,209
English market Reports—Per Cable.
The
daily closing quotations for securities, &c., at London,
and for breadstnffs and provisions
at Liverpool, are reported
by cable as follows for the week ending
February 16:
London.
Silver,
Sat.
per oz
d.
Consols' for money
Erie,
common stock
Illinois Central
N. Y. Ontario & West’m
Pennsylvania
Philadelphia & Reading.
New
York Central
1
Sat.
s.
Flour (ex. State)..100 lb. 12
Wheat, No. 1, wh.
“
9
Spring, No. 2, n.
“
9
d.
6
1
3
9 6
Cal. white
“
9
3
Corn, mix., West.
“
6 10
Pork, West. mess..$ bbl. 80 0
Bacon, long clear, new.. 48 6
Beef, pr. mess, new,#tc. 91 0
Lard, prime West. $ cwt. 56 6
Cheese. Am. fluest
66 0
n
“
Wed.
Thurs.
50i4
50716
507l6
021(3
10231g 10230
10214
10214
1027^ 10250
79-3712 79*42% 79-22ia 79-15
105 78
106
106
10614
116%
X 11514
11650
11650
122%
1223*
12278
12270
10514
1051$
104
IOII4
3334
3S78
3730
3734
150
15014
151 M
x 148 3.4
26 7s
2634
26 34
2678
62
62
613a
Gils
27 78
28 q
28
27 7s
13 !)14
130
129
129*3
Liverpool.
Winter, West.,
Tues.
O07ifi
102
Consols for account
Fr’cli rentes (in Paris) fr.
U. S. 5s ext’u’d into S^s
[J. S. 4%s of 1891
IT. S. 4s of 1907
Chic. Mil. & St. Paul
Mon.
Mon.
s.
12
9
9
d.
Tues.
Wed.
d.
6
3
5
7
4
10
0
0
0
6
0
s.
d.
12 6
9 3
9 5
9 7
9 3
6 11
80 0
48 0
37 0
56 3
66 0
8.
6
1
3
6
3
12
6 10
80 0
48 6
6
80
48
87
56
66
9
9
91
56
66
0
6
0
9
9
9
9
Fri.
507,6
10230
10250
79-20
106'h
115%
1227b
10418
37 %
150
26%
61%
28
Thurs.
8.
d.
6
4
6
8
5
0
80
0
48
87
0
56
66
79-37%
106%
115%
123
103%
37%
1481a
26%
61 %
27%
129*3
12
9
9
9
9
7
5?Il0
1027,6
1029,«
0
6
0
129i0
Fri.
s.
d.
12
9
9
9
6
4
9
6
80
48
87
57
66
6
8
5
1L
0
0
0
0
0
(Commercial atitl IlXiscellaueows Hews
National Banks.—The following national banks have lately
been organized:
Central
$60,000.
National Bank of Cambridge, Ohio.
Capital,
Andrew J. Hutchinson, President; W. E. soaen,
Cashier.
National Bank of Troy, N. Y.
Capital, $200,000. Thomas
Coleman, President; George H. Morrison, Cashier.
A
National Bank of Dayton, Ohio. Capital, $200,000.
Simon Gebhart,
President; G. B. Harman, Cashier.
Freeport National Bank, Illinois. Capita', $120,000. 0* "•
Bid well, President; A. H.
Barshiuger, Cashier.
February 17,
THE
1883.J
0076—The
First Nation d
*
Capital, $50,000.
CHRONICLE
Bank of Yakima, Washington Territory.
Joseph R. Lewis, President; Edward Whit¬
preliminary injunction.
Cashier.
son,
Q77—The National Bank of Oshkosh, Wis. Capital, $200,030. S. M.
Hay. President; Charles Scheiber, Cashier.
2 073—'The Peoria National Bank, Illinois. Capital, $150,000. Charles
P. King, President; George H. Mclivaine, Cashier.
2 ’ 079—The First National Bank of Wellington, Kans. Canital, $50,000.
George W. Baird, President; George M. Miller, Cashier.
2 380—The Utah National Bank of Ogden, Utah. Capital, $100,000.
John AV. Guthrie. President; Richard,.M. Dooly, Cashier,
o
of Mexico, Mo. Capital, $50,000. R.
’ 00i—The First National Baniv
W. Tureman, President; It. R. Arnold, Cashier.
o
'
’
345967288781
Exports
for the Week.—The imports of last
those of the preceding* week, show
an increase in both dry goods and in general merchandise.
The
total imports were $10,019,337, against $S,382,8S1 the pre¬
ceding week and $11,400,553 two weeks previous. The exports
for the week ended Feb. 13 amounted to $6,157,092, against
$7,771,094 last week and $7,344,715 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Feb. 8 and for the week ending (for genera!
merchandise) Feb. 9 ; also totals since the beginning of first
week in January;
Imports and
week, compared with
These bonds, which were issued in
extinguishment of certain liabilities of the company, were to
draw interest from July 1, 1882, the interest to be
computed
from the end of each fiscal year and to be
payable Jan. 1 there¬
after. The directors declared a dividend in December last,
payable on Jan. 20, 18S3. The injunction was asked upon the
ground that the dividend had not been earned in the fiscal year
that closed Sept. 30,18S2, and that such interest should not be
paid out of the earnings of the current fiscal year. The motion
to continue the injunction was
denied, as the directors con¬
tradicted in their affidavits the plaintiff's statement.
Subsequently
1880.
1881.
Dry goods
Genimer’dise..
$2,336,319
$2,733,247
1883.
$2,851,939
6,374,377
$3,411,427
3,495,516
$8,207,2-4.0
$6,228,763
$9,726,316
$10,019,397
$16,179,523
$14,590,472
27,882.057
$18,196,759
37,539.138
5,870,927
Total
Since Jan. 1.
Dry goods
Gen’lmer’dse..
1882.
6,607,970
a new suit was
commenced in the Superior
plaintiff, who purchased his stock before
January, 1883, and another preliminary injunction was there
Court with another
obtained.
Richmond & D.umlle.—The
ment for
January:
following is 'an official state¬
1983.
Richmond & Danville
Charlotte Columbia & Augusta
Virginia Midland
Western North Carolina
1882.
$259,757
$289,627
70,617
96,950
20,090
61,774
76,020
$147,416
$440,165
Richmond & Danville net earnings
$117,724
Charlotte Columbia & Augusta net
earnings..
31.270
Virginia Midland net earuiugs
26.790
Western North Carolina net earuiugs
5,021
$79,640
19,415
FOREIGN IMPORTS AT NEW YORK.
For Wetk.
187
Total
Total
13,042
6,356
def.
$183,806
468
$105,044
—The
thirty-eighth annual report of the New York Life In¬
Company is conspicuous iu many respects.' It shows a
total income of nearly twelve million dollars and
Total 6 weeks $52,498,929 $42,472.52,9 $55,735,897
$53,078,519
payments to
policy-holders of over six millions. Interest income nearly 6
In our report of the dry goods trade will be found the
imports per cent on average net assets for the year, nearly 7 per cent
36,319,406
$16,756,739
36,321,780
,
goods for one week later.
following is a statement of the exports (exclusive cf
specie) from the port of New York to foreign ports for the
week ending February 13, and from January 1 to date : of dry
The
EXPORTS FROM NEW. YORK FOR TUB
1880.
1881.
WEEK.
1382.
1883.
J
For the week...
Prey, reported..
$6,925,4 13
29,478,738
$7,399,102
35,810.329
32,355,578
$6,157,092
36,047,931
Total 6 weeks.
$36,304,181
$43,215,431
$38,676,121
$42,205,023
$5,820,543
The following table shows the exports and
imports of specie
at the port of New York for the week ending Feb. 10, and
since Jan. 1, 1383, and for the corresponding periods in 1S8 2
and 1881:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Gold.
Week.
Groat, Britain
Franr.o
Imports.
Since Jan. 1.
$
Week.
$......
$
Total 1883
Total 188 J
Total 1881
$12,865
810,000
$128,000
France....
German /
284 604
■
4,61.7,295
17.762
37,630
1,206
2,400
193,001
10,742
2,400
$1,559,530
$49,048
$264,535
1,52 4,680
1,204,735
44,779
194.133
287.813
Custom House.
69,139
The first statement
covers
imports of merchandise.
IMPORTS INTO NEW YORK.
1883.
1882.
General
General
Ooods.
Dry
Total.
Merchan¬
Goods.
dise.
$
January.... 13,345,312
EXPORT8 FROM
$
$
41,260,612
12,325,440
NEW YORK.
Months.
*
29,545,834
$
41 872,274
CUSTOMS RECEIPTS.
Total Merchandise.
At New York.
Months.
1883.
January.
Total.
Merchan¬
dise.
%
27,915.300
*
28.891.932
1882.
18S3.
1382.
«
27,848,940
$
12,574,838
«
January
13,337,516
Rome Watertown & Ogdensburg.—In the suit in the
^ourk by Amasa T. Kingman, a stockholder, against
the Rome Watertown &
Ogdensburg HR. Company, to restrain
1^® payment of a dividend of 3 per cent upon
its income bonds,
Joage Donohue gave a decision denying a motion to continue a
$1,206,506
1,418,094
1,645,106
1,870.658
1,906,949
1,867,457
1,948,665
’ 2,033,650
2,317,888
2,432,654
2,798,018
$1,408,519
1,446,123
1.469,686
1,524,814
1,547,648
1,638.128
1,687,675
1,569,854
1,731,721
21,776
21,832
750
Dry
118,622,603
123,872,386
4,227,340
.115,960
1S80
$424,765
Foreign Trade of New York—Monthly Statement.—In ad¬
dition to the foregoing tables, made up from weekly returns,
we give the
following figures for the full mouths, also issued
Months.
$113,154,C09
21.533,062
24,342,452
$18,633
Of the above imports for the week in 18S3, $3,430 were
American gold coin and $15,732 American .silver coin. Of the
exports for the same time $3,000 were American gold coin.
the total
$18,595,817
$34,150
6,054
27,808
by our New York
"DeathClin's Paid.
34.787,610
36,837,295
11,436
ex¬
Int. Received.
36.193
$
nearly two million dollars in
Ins. in Force.
2,000
$
of losses
excess
Assets.
32,865
1,285
West Indies
Mexico
South America
All other countries
258.920
Year.
27,179,395
30,305,122
33,163,715
6,235
$800,000 in
over
cost; due and unpaid interest on same only $129,000, or less than three tenths of 1 per cent.
Liabilities, both actual and contingent, provided for, and a
divisible surplas for other than Tontine
policies of nearly
$5,000,000 on a four per cent reserve.
The growth of the New York Life has been
rapid and con¬
stant, even during the trying times following the panic of
1873, as the following figures show. Interest rates have fallen
off very sharply on government securities
during the last ten
y^ars, but the assets of the New York Life have been invested
wrh such skill as to produce about five and three fourths
per
cent interest.
Its death losses of eighteen million dollars in
eleven years have been more than
paid by the earnings of in¬
vested assets. The figures of these two items are as follows:
190
$1,496,579
$128,000
125,500
of their
382,147
61,745
Total 1883
Total 1882
Total 1881
fund, and
Market value of securities
cess
$
Silver.
Great Britain
average reserve
by death.
190
12,865
Allother count ries
on
16,413
Germany
West Indies
Mexico
1
South America
Since Jan.l.
surance
39,996,952
43,183,934
47,228,782
50,800,396
122,835,123
126,132,119
127,748,473
127,901,887
125,232,145
127,417,762
135,726,916
151,760,824
171,415,097
2,013,203
1,955,292
—The banking house of J. S. Kennedy & Co., which has
recently been distinguished for its connection with some of the
heaviest financial transactions in this market, has
acquired
further strength by the admission of two new members to the
firm. These gentlemen are Messrs. Oliver H. Northcote, son of
Sir Stafford Northcote, and Alexander Baring, of the wellknown family of Baring Brothers, London. Messrs. J. S. Ken¬
nedy & Co. are now members of the New York Stock Exchange,
and they also draw exchange on C. J. Hambro & Son, London,
and issue travelers’ and commercial
parts of the world.
of the Chronicle,
credits, available in all
Their card will be found on the first page
Auction Sales,—The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adiian H. Muller & Son:
200
ICO
6’>
200
100
15
10
50
22
Shares.
Chic. & Can. So. R’.v Co..
Shares.
2k
Irving Nat. Bank.. 13 4*4-133 k
Jefferson Ins. Co...?
13 Ik
Brooklyn Fire Ins. Co
172
U. S. Fire Ins. Co.
128
Clinton Fire Ins. Co
125
Commercial Fire ins. Co. 96k
Nat. Fire Ins. Co.
91*4
Franklin and Emporium
Fire Tns. Co
114-115
44 Knickerbocker Fire Ins.
Co
70
37 Sterling Fire Ins. Co
54*2
27 Relief Fire Ins. Co
60
40 Mercantile Fire Ins. Co.. 64
33 Metropolitan Ins. Co. for $11
200 Flint Steel R.Min’g Co.for $2
100 Ceutral American Transit
Co
for $170
25 Forty-second St. & Grand
St. Ferry RR. Co
255
10 Mercantile Nat. Bank.... 1164
20 Mutual Gas-Light Co
USA*
21 Pe»ria & Bureau Valley
RR. C*. guar. 8 per ct..l41
100 Hamilton Fire Ins. Co
116
20 Mercantile Fire Insur’ce
Co.
(Hypothecated)
60k
20 Irving Ins. Co. (Hypoth¬
ecated
60
50 Pater Crop ir Fire Tns. Co. 160
35 Manhattau Fire Insur’ce
Co. (Hj'potlieeated) ..4k-53*
4 New York Fire Ins. Co... 77
5 Star Fire Ins. Co
73 k
30 Consumer's Coal C >..for $16
100 The Financier Associat’n
.
(Hypothecated)
70
for $10
Suspens’n Car Truck Mfg.
Co.(Hypothecated) for $750
Bonds.
$12,000 N. Y. City 7s consol,
stock, registered, due Nov.
1, 189*
1293i and int.
$3,000 N.Y. City 7s registered
Dock Bonds, due Nov. 1,
1901
139 and int.
$10,000 City of Brooklyn 7s
Public Park reg. bond, due
July 1,1915
141k and int.
$15,000 Hoboken City, N. J.,
Park Improvement 7s
coup, bds., due 1884.101 & int.
$2,000 City of 8t. Paul 6s
coupon
bond3, due Dec.
15, 1900
105k
$2,164 50 Jefferson Ins. Co.
scrip
$130 20 Jefferson
scrip
.
51k
Ins.
Co.
55*4
THE CHRONICLE.
188
February. 16.
flankers' ©alette.
'£hc
Prime bankers’ sterling
Prime commercial
DIVIDENDS.
Per
When
Cent.
Payable.
Railroads.
Buff. N. Y. <te Pliila.
pref., (quar.1.
Chicago Burl. <fc Quincy (quar.)...
Delaware <fc Bound Brook (quar.).
IUiDois Central (in. certificates)...
1*2
2
1%
17
12
1%
North Pennsylvania (quar.)
Miscellaneous.
Delaware Division Canal
Books Closed.
July
Mch.
Feb
1
26 Feb. 15 to Feb. 19
Feb.
Mch.
15 Feb. 11 to Feb. 19
15 Mch. 6 to Mch. 19
-
$1
3*2
Oregon Improvement Co
NEW
FRIDAY,
YORK,
FEB.
Frankfort
(Days inclusive.)
26 Mch. 16 to 5
15 Mch. 1 to Mar. 17
14
Mch.
Mch.
Feb.
16, 1883-5
floods in the West have contributed to make the tone in busi¬
a
shade less cheerful.
But it is to be remarked
nearly all of the clouds hanging over the commercial
are of a light and temporary character, and the period
is close at hand when they must blow away.
Congress will
adjourn; the snow-banks of the Northwest will melt; the
.that
world
floods in the West and Southwest will subside; and unless
there is
some
new
drawback, it should naturally follow that
the situation at the Stock
Exchange will improve.
important changes of a practical sort
in corporation affairs, all tending towards harmony and con¬
solidation in management, as opposed to conflict and violent
competition. The Western Union Telegraph has finally ab¬
sorbed the Mutual Union by a perpetual lease at 1% Per cent
per annum on the M. U. stock.
The Hannibal & St. Joseph
Railroad is likely to be leased to, or put under a close working
contract with, C. B. & Q. and the Wabash companies.
A
meeting of Northern Pacific and Union Pacific managers
has been held to provide for an apportionment of busi¬
ness as
the Oregon Short Line of the U. P. Company
Northern
builds
further
into
the
Pacific
territory.
The Morgan’s Louisiana & Texas road has been absorbed
by the Southern Pacific. Thus in every quarter is seen
the tendency towards consolidation, to avoid competition for
business, which would reduce rates; indeed, the havoc pro¬
duced by a war in rates was so thoroughly shown in 1881 and
1882 that it brought forth some remarkable fruits in the pur¬
chase of the Nickel-Plate stock by the Vanderbilts, and the
Omaha stocks in the same interest, and both of them at prices
much higher than those at which the stocks are now selling.
The money market is still very easy, and stock borrowers
have no trouble in obtaining call money at 3@5 per cent, with
few transactions higher than 4 per cent. Government bond
dealers pay 2@3 per cent.
Prime commercial paper sells at 5
@5% per cent.
- The Bank of England weekly statement on Thursday showed
a gain of £210,000 in specie, and the percentage of reserve to
liabilities was 44 15-16, against 46% last week; the discount
rate was reduced to 3% per cent, from 4 per cent. The Bank
of France gained 5,875,000 francs gold and 612,500 francs
There have been
some
silver.
The New York
City Clearing-House banks in their statement
a decrease of $1,420,350 in their surplus
reserve, the total surplus being $6,419,700, against $7,840,050
the previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years:
of Feb. 10 showed
1883.
Feb. 10.
Loans ana dis.
1882.
Feb. 11.
1881.
Feb. 12.
$321,491,200 Ino.$5,030,400 $327,913,500 $317,139,100
Legal tenders.
62.402,500
16.463,700
311,110,400
21,794.800
Legal reserve.
$77,777,600
Specie
Circulation...
Het deposits.
Differ1 nets fr’m
previous week.
Inc.
Deo.
Ino.
797,300
181,500
Deo.
3,928,200
1,235,600
Reserve held.
Ino.
84,197,300 Deo.
$982,050
438,300
Surplus
$6,419,700 Dec.$1,420,350
63.229.500
19,940,100
310,651,300
18.484.500
$77,662,825
67.800.600
18,352,300
307,924,300
15,546,000
81,714,000
$76,981,075
83.346.600
$4,051,175
$6,365,525
Exchange.—Foreign exchange remains quite firm, and prices
trifle above last week’s. To-day business was dull and the
actual rates for prime bankers’ 60-days’ sterling were about
4 83%; demand, 4 86%; cables, 4 87.
Continental bills were
as follows, viz.: Francs, 5 21% @5 21% and 518%; reichsmarks,
94%@94% and 95%@95% ; guilders, 39% and 40%.
Quotations for foreign exchange are as follows, the highest
prices being the posted rates of leading bankers:
are a
or
4 824 84
4 81%®4 82*4
4 8134S4 81%
5 21*a®5 20
39 Sid 39 78
Bremen (reichmarks)
945sd
95*6
Demand.
4
85%®4 87
84i2 £4 85
4 84 ®4
84*2
5 18%®5 16*4
40 ® 40*4
95*8® 957g
4
United States Bonds.—The market for government bonds
special feature in the investment
demand. Much will depend upon the action of Congress in
passifag laws which will reduce the revenue, and if such reduc¬
tion takes place the 3 and 3% per cent bonds will be in
larger
demand.
,
The closing prices at the N. Y. Board have been
P. M.
Money Market and Financial Situation. — There
has been little change in the financial situation since last
week, and in addition to the circumstances then noted the
circles
bills on London.
has been dull and without
*
The
ness
Sixty Days.
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Tlio following dividends have recently been announced:
Name of Company.
i Vol. XXXVJ.
5s, continued at 3*2..
4*28,1891
reg.
4*28,1891
coup.
reg.
4s, 1907
4s, 1907
coup:
3s, option U. 8
reg.
6s, our'ey, 1895..reg.
6s, eur’ey, 1896.. reg.
6s, eur’ey, 1897..reg.
6s, our’ey, 1898.. reg.
68,onr’oy. 1899..reg.
*This is tlie price
Interest
Feb.
Periods.
10.
Q.-Feb.
Q.-Mar.
Q.-Mar.
Q.-Jan.
Q.-Jan.
Q.-Feb.
*103
*103
*112*2
*113*2
*11938
119*2
*10358
112%
*11358
*11930
*11930
*103^4 *104
*128
*129
,J.
J.
J.
J.
J.
<fe J. *128
& J. *129
& J. *130
& J. *130
& J. *130
Feb.
12.
*129
*130
*130
*131
as
follows;
Feb.
13.
Feb.
14.
Feb.
15.
Ftb.
103*4
*11250
*11350
*119*2
11950
*103*4
11234
*11350
*119*2
*119*2
-103*2
'11234
*113%
*119%
*103%
112*8
*113*8
*119*8
*119*8
*
104
*
128
*129
*129
*130
*130
*130
*130
*130
*130
bid at the morning board; no sale
wa3
16.
120
104
*128
*129
*130
*130
*130
*104
*128
*129
"130
*130
*130
made.
U. S. Sub-Treasury.—The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
balances.
Date.
Feb. 10..
“
12..
“
13..
“
14..
“
15..
“
16..
Total....
Payments.
Receipts.
$
1,071.824
1,922.371
2.251.496
816,186
$
871,199 91 117,495,180 21
919,243 48 118.532,713 10
1,305,038 64 119.411,860 03
890,024 66 119,351,609 27
1,067,407 05 119,340,278 64
921,331 08 119,170,126 72
$
31
97
81
70
960,323 75
581,627 94
7,603,831 48
near a
Currency.
$
6,257,152
6,192,748
6.260,059
6,246,470
6,150,719
5,931,168
74
34
58
38
71
49
6,004.244 52
State and Railroad Bonds.—The
has been
Coin.
business in State bonds
minimum, and there have hardly been sales
enough to make actual prices. To-day the Arkansas 7s, Mem¬
phis & Little Rock issue, sold at 50.
Railroad bonds have been rather more active on an invest¬
ment
inquiry, and bonds have usually shown easier prices.
In fact, there are now quite a number of bonds selling between
90 and 110 which seem to offer some inducement for invest¬
ment
purchases.
Railroad and Miscellaneous Stocks.—The stock market
dragging along without animation, and at the close
prices generally show a decline of greater or less importance,
compared with last week. There has not been anything par¬
ticularly new to depress prices, but, on the other hand, there
has been nothing strong enough to start them up—for in the
present temper of speculation it takes more force to get prices
up 1@2 per cent than it would have required in 1880 to advance
them 10 per cent. In some directions the stock situation
is of the strongest—for instance, the earnings of the
Southwestern roads in moving the great crops of Texas
have been almost phenomenal ; then the Western Union lion
has just lain down with the Mutual Union lamb, and is now
digesting it; while the tendency to compromise and consolidate
wherever-competition is threatened between different cor¬
porations is referred to above. On the other hand, we have
obtained this week the report of Chicago & Northwestern
earnings (given at length on another page) for the seven
months ending Dec. 31, 1882, which show a decrease of
$687,519 in net earnings, while the gross earnings were nearly
the same as in the previous year.
This may be a disappoint¬
ment to some persons, as the gross earnings only had been
published, and again we urge the importance of having
railroad companies report both the gross and net earnings
monthly. The Richmond & Danville earnings for January
were particularly good.
The Norfolk & Western preferred stock declines on the report
that the quarterly dividends will be suspended for a time and
the net income applied to the liquidation of floating debt. A
private dispatch from Indiana reports that Judge Gresham, of
the U. S. Circuit Court, has decided against the Wabash St.
Louis & Pacific Railroad Company in the old suit of the
holders of Wabash equipment bonds.
The general market was weak to-day, with a little flush o
strength just towards the close of business.
has been
.
PRICES AT THE N. T. STOCK EXCHANGE FOR
KAJiGE IN
DAILY
STOCKS.
Saturday,
,
RAILROADS.
p.mton
A N.
Mrtlnston
V. Air-Line, prof.
Cedar Bap. 4M-
Canadian Pacific
Panada Southern
Cedar
Feb. 10.
Monday,
Tuesday,
Wednesday,
Feb. 12.
Feb. 13.
Feb. 14.
81
82
60
66 b
84
61b
Gib
07
68 b
08
07 b
Falls & Minnesota
Central Iowa
Central Pacific
CMapMto *
73
Jersey
Central of New
—
°"°istpref
71b
83 b
72b
81b
73 b
83 b
22 \
23
23
"21b
31b
31b
*30
24 b
24b
—
82
22 b
*30 b
24 b
....
80
OhicagoMilwaukee A St.
Do
UWcago
A
Do
Chicago
Chicago
Nortliwestern
......
Pre^**
Rock Isl. & Pacific....
St. Paul Minn. A Ora
Do
-
Pan!
pro.
-
Pr6‘
Cleveland Col. Cin. A Iud
Cleveland A Pittsburg guar...
A Ind. Central
Columbus Chic.
Lackawanna A West
Denver A Rio Grande
Dubaqae A Sioux City..
*Mt Tennessee Va. & G*a—..
Delaware
Pref.
Do
,
Evansville & Terre Haute ....
Fort Worth A Denver City....
Green Bay
Winona & St. Paul
Joseph
Hannibal & St.
Do
—.....
pref....
Honston A Texas Central
Illinois Central
leased line
Do
Indiana Bloom’n a Western
Lake Erie A Western
Lake Shore
Long
..
Island
Louisville A Nashville.........
Louisville New Albany A Chic
Manhattan.....
Dt
Do
1stpref
common
Manhattan Beach Co
Memphis A Charleston
Metropolitan Elevated
Michigan Central
Milwaukee L. Sh.A Western..
pref.
Do
Minneapolis A St. Louis
pref..
Missouri Kansas A Texas
Missouri Pacific
Mobile A Ohio
Do
Morris A Essex
Nashville Chattanooga ASt.L.
New York Central A Hudson .
New York Chic. A St. Louis...
pref.
Do
New York Elevated
New York Lake Erie
118
130 b
144 b
123
46
118 b 11834
131
132
145 b145 b
123b 123b
46 b
105
77b
47b
2334
A West.
105b 103 b 104b 103
77b 77b *76 b
77b
4b
5
121b 122 b
42 b 44
9
3 6 34
72 b
*40
83 b
9b
10 b
72 b
pref
Ohio Central
Ohio A Mississippi
Ohio Southern
Oregon A Trans-Continental..
Peoria Decatur A Evansville..
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic...
Rensselaer A Saratoga
Rich. A Allegh., et’ck trust ctf s.
Richmond A Danville
Richmond A West Point
Rochester A Pittsburg
Rome Watertown A Ogdensb
St. Louis Alton A Terre Haute
Do
pref.
St. Louis A San Francisco....
Do
pref..
Do
1st pref
St. Paul A Duluth......
Do
pref
St. Paul Minueap. A Manitoba
Texas A Pacific
Union Pacific
Wabash St. Louis A Pacific
De
pref.
.
MISCELLANEOUS.
American Tel. A Caole Co...
Bankers’ A Merchants’ Tel.,
Colorado Coal A Iron
Delaware A Hudson Canal....
Mutual Union Telegraph
New Central Coal
Ontario Silver Mining
Oregon Railway A Nav. Co..
Pacific Mail
Pullman Palaco Car
-.
Quick:ilver Mining
pref....
nr
WesternUnion Telegraph...
SutroTunnel
..
Adams
90
*87
*9
*15
70
30 b
9b
17
70
31b
84
83
79
144 b
*73
30
28b
109
54b
*52 b
*87
*52
17
42
*80
95
26 b
00b
31
102 b
*17
*61
GO
GO
126 b 120b 125 b
11
11
10b
24 b 25 b
24b
TOO
*100
36 b
37 b 37 b
*26’
.
1.72**
lib
55
54b
12b
12b
50
55b
20
19 b
20
07
97 b
68 b
98
31b
51b
31b
*93
20 b
51b
95
84 b
80
135
141
3.72
48 b
83 b
Hb
84 b
23 b
55
135
29 b
28 b
10b 10b
24b 24b
lib
24 b
"100
36b
36b
170
25 34
38 34
47 b
82 b
lib
83 b
2234
53 b
T35
26
172
172
25 b 25 b
41
39 b
47 34
82 b
12
43b
84
2234
54 b
54 b
60
50
60
50
90
51
*87
*50
38
84
93 b
22b
23 b
14
14
5034
5134
68
69
33
33b
105 b 108
22 b 22 b
"14
17
20
42b
122
10
44
84
41
*121
*8b
"40
81b
50b
31b
105 b
21
*14
30
41b
42 b
121
122
*8b
10
*40
44
81b
82b
93 b
31b
51b
33 b
106b
117b
129 b
144
121
45 b
103 b
73b
5
118b
44 b
8b
15b
42
86 b
78
143 b
1,600
36,085
4,725
6,132
23.650
7,655
1,900
■43"
2,240
1,315
42,245
450
16b
400
24
b
69
16b
100
7,700
300
17,530
44
25
"5*0*6
59
1,050
35,999
42,600
1,100
29b 30 b
100 b 101
15
15
900
120
f
77
56
67 b
124 b 125 b
10 b 10 b
24
24 b
105
105
34 b 36 b
76
4,620
34.602
3,736
4,000
100
131,750
40
100
60
2,600
25 b
25 b
25 b
40
40 b
46b
81b
47b
82 b
lib
31b
38b 40b
45b 46b
81
81b
9b
9b
31b 31b
8,947
39,889
22,018
7,559
82 b
20
15,900
9b
31b
*21 b
53 b
82b
83
22 b
53 b
lib
52 b
Hb
63b
95
139
38 b
92 b
29 b
49 b
x65b
66 b
*91b
35
31
82 78
22
370
1,620
5lb 53b
*135
136
46,020
11
53
22 b
’*82*6
17 b
30,035
66
98
30
49 b
92
36
*91
94
135 7g 139
38
38 b
93
93b
28b 29 b
48
49 b
3,305
18 b
30
50 b
92
35
95
139 3
39 b
93 b
30 b
51
26
32
105b 106
11
51
21
16 b
66
*95
30
49
*91
36
106-
31
106 b
31
20
*13
20
16
22
42
41b 41b
41
121b 121b *120
*8
8b
8b
122
44
41
41
81b
80b
81b
127 b
55
113b
84
142
5b
129 b
51b
89 b
94
2,350
4,250
600
2,200
2,050
125
5
4,331
66,000
302,455
23,355
48,270
*40
80b
41b
10
44
8i
44
14
27
63 b
73
30
37 b
97 b
97 b
27
41b
29
Jan. 22 127b 145b
146
Feb. 14 130
Jan. 18 120b 141
96
20
b
Jan.
128b
9 114b 144b
Jan.
Jan. 4 124
15034
175
Jan. 5 136
5 122
Jan.
140b
58 b
Jan. 18 29 b
5 97 b 117
Jan.
5
65 b 92 b
Jan.
Jan. 26 133
140
18
Fob.
3b 21b
Jan. 4 116 b 150b
Jan. 20 38b 74 «,
Jan. 12 82
96b
8
16
Jan. 2
10b
18b Jan.
75
33 7a
6b
46 b
80b
85b
2
Jan. 29
J an. 19
Jan. 19
Jan.
8734 Jan.
79
3 147
Jan. 25 81
Fob. 16 35
Feb. 16 33 b
15b
68
26b
86b
42 b
29b
6
16
17 45
110
30 72
111b
16 61
92b
30 127 b 150b
Jan.
Jan.
Jan. 22
78
9
27
Jan.
26
Jan. 18
16
18
11478 Jan.
106b Feh.
2
60
Jan. 18
65
Jan.
2
53 b Jan. 20
51b Jail.
6
3 68
Jan.
60
Feb.
9
6 53 b Feb.
46
Feb.
3 90
Jan. 18
84 34 Jan.
Feb. 10
50
Jau. 30
53
6
Jan.
16 b Feh. 10 19
8
Jan.
Feb. 15
55
38
8
Jau.
80
Jan. 26 85
92 b Fob. 16 100 b Jan. 19
4
3
18
Jan.
17 b Jan.
43
Feb. 16 48 b Jan. 20
24 b Fob. 16
30 b Jan. 18
63 b Jan. 18
59
Feb. 7
5 34 7a Jan. 18
29 b Feb.
100b Feb. 16 105 b Jan. 19
16
15
Feb.
19b Jan. 5
9
Jan.
120
Feb. 15 124
3 64 7a J an. 22
55 b J an.
124 b Feb. 3 12834 Jan. 18
5
10
Feb. 2 15b Jan.
4
Jan.
23
Feb. 7 35
Feb. 16
101
Jan. 13 105
34b Feb. 16 40 b Jan. 13
Jan.
5
78 b Feb. 12 83
9
45 b Feb.
3 52b Jan.
Jan. 10
169
Jan. 16 175
25 b Feb. 8 27 b Jan. 15
8
8
18
Jan.
18
Jan.
3834 Feb. 13 49 34 Jan. 20
45 b Feb. 13
lb Jan. 20
Feb. 16 87 b Jan. 18
81
9 b Feb. 16 137s Jan. 18
4
Feb. 14 34 b Jan.
29
2
10
Feb.
1334 Jan. 18
Jan. 19
82 b Feb. 16 89
Jan. 18
20
Feb. 16 28
51b Feb. 16 58 b Jan. 18
Jan. 16
2 138
135
Jan.
Feb. 7
139b Jan. 3 142
6
15
Jan.
11
Feb. 16
Jan. 18
60
Jan. 13
47
30
Jan.
21
Feb. 16 29
5
1634 Feb. 16 22 Jan
5
32 b Jan. 10
32
Jan.
3
71
Jan. 30
48
Jan.
3 10034 Jan. 30
90
Jan.
29 34 Feb. 15 34 7a Jan. 12
49
Feb. 16 54 7a Jan. 12
917s Feb. 6 100 b Jan. 11
9
35
Feb. 15 40 7e Jan.
4
8 97 b Jas.
93
Feb.
18
16
147
135 b Feb.
b Jan.
3634 Jan. 3 43 Jan. 18
91b Fob. 7 10434 Jan. 18
28 b Feb. 16 36 b J an. 18
48
Feb. 16 57 b Jan. 18
65 b Feb. 15 69 b Jan.
Jan.
Jan. 29 133
128
33 ®b Feb.
28 b Feb. 7
10,900
8.255 105b Feb. 13 109 b J an.
Jan.
20
Feb. 15 25
2,200
4
14
Jan.
110
14
Jan.
18
795
Feb. 10 35b Jan.
Jan.
3 144
135
Feb.
Jan. 25
39
43b Jan.
5,060
5 126
Jan.
666 120
Feb.
1
8 b Feb.
TOO
8
Feb.
41
Feb.
100
26
37 b Jan.
79 b Feb. 5 85b Jan.
187,216
3
b Jan.
b Jan.
5,000
30
49 b
23 b 45
98
120b
49b 65
46b 100 b
57
78
40
60b
88b
82
56
40
15
37
42 b 82b
93
77
77
105
21
13
41b 58 b
19
36b
59
77
26b 42b
86 b 112b
35 b
12
119 b 128
87 b
47
123 b 138
10b 17 b
27
37b
100
109b
33b 43 b
67
88b
45
60b
168
186
20b
16
44 b
28 b
66 b
31b
24
60
54b
100b
lib 25b
27
42
11
23b
60
98b
39 b
23
46 b 67 b
130
139
131b 144
13
40
52
250
263
23
17b
36b
20
20 b
55
31
43
40
50
94 b
46 b
66b
79b 106b
42 b
26
68
99b
108b 166b
34
55
98 b 119b
23b 39 b
45 b 71b
74
15 65
132
3 125
53 b
12 25
5 102 b 119b
19 b 30 b
17
4
13b 23
40
8 33
18 128
163b
18 32 b 48 b
145
20 117
14 b
15
8
62 b
15 40
18
76 b 93 b
3
b
....
EXPRESS,
135
American
United States
Wells, Fargo A Co
90b
*61
*122
135
91b
64
125
MINING.
COAL -AND
Consolidation
Coal
Homeatake Mining
Little Pittsburg Mining....
0
Mariposa Land A Mining...
Maryland Coal
Pennsylvania Coal
'15
18
135
92
65
125
*134
62
*122
62
125
135
*91
*61
*122
*25
30
*25
30
'25
*16
19
*15
18
*15
*134
91b
136
91b
*90b
*6lb
*
*134
135
90b 90b
9lb
*61
65
64
*122
124
125
136
T5
133
Jan.
5 135
90 b Feb. 15 93
61b Feb. 9 65 b
5 123
Feb. 6 126
52
575
35
124b 124b
*25
*25
18
135
135
90 b 90b
63
63
30
44
18
'15
18
...
27 b Jan. 18
Jan. 19
19
17
Jan. 15
Feb. 2 270
27b
36 b
15b
lb
lb
19b
2b
2b
26
245
13
Jan. 15
Feh. 2 240
6b Jan. 8
18
Jan.
3
b Jan. 12
4b
18
19b
37 b
b
ft
4
lb
,
Jan.
J an.
149 b
97 b
80 b
132
5 133
5 90
6 62
8 125
1
2
"*
prices bid and asked; no sale was made at the
Jan.
Jan.
b
SUverCIiff Mining.. I:::*"*
•tonnont Mining
are the
17
270
bJan. 29
Mining.....!
g^wpod
Excelsior Mining
Bobmson Mining..
27 b Jan. 10
17 b Feb. 9
534 Jan. 27
17bJan. 26
standard Consol. Mining
Cameron Coal....'
Central Arizona Mining ""
These
122
136b
151b
60
67
19b
27 b
21
Jan. 22
1,695
"15
21b
17
27
137 b
145
125 7a
108 b
High
82b
35b Jan. 20
23,650 141b Jan.
7,050
93 b
116b
128 b
143 b
Feh. 16
Feh. 10
Feh. 8
Feh. 7
Feh. 7
Feb. 2
Feh. 15
Feb. 16
Feb. 7
Feb. 8
Feh. 16
120
45 b
102 b
73 b
139
Jan. 11
3 b Jan. 20
1,130
245,234 118b Feh. 16
91,880 39 7s Jan. 2
89
Jan. 15
8 b Feh. 15
4.200
15b Feh. 16
1.200
400
70
Feb. 12
2
200
30
Jan.
5
Feb.
9
”400 40 Feh. 5
4,268 72 Jan. 3
4
75
Jan.
49
90
48 b
16
30
10
300
20b
510
30
615
23
242 130 b
79 140
27,762 117 b
173,360 99 b
75,545
21
122
68 b
79
52b
38
85
92b
36 b
67 b
97
92 b
30
100 b
r
10b 10b
25 b 25 b
*100
107
66
97
29 b
*49 b
13934 140 b
38 b 39 b
118b
38
*80
25 b
*60
29 b 30b
100 b 101b
16
16
120
12 2,
57
58
125 b 125 b
67 b
140
140
38 b 39 b
92 b 93 b
30 34 3134
131
*46
46
25 b
61
19 b
50
25
Jan.
12b
284
94 b
24 b
40
95
50b
30
47
*87
38
84
24
17 b
*38
95
33 b
108 b
53,634
21b
65
25
33,680
14
3
14
Feh.
9
Jan.
Jan. 3
Feh. 7
Feh. 8
Feh. 7
Feb. 9
82
Jan. 17
5
83
Jan.
61b Feb. 12
7134 Jan. 19
15
3
Jan.
28
3
Jan.
76b Jan. 18
5
88
Jan.
23 34 Jan. 20
59b Feh.
300
80b
16b
25 b
19b
93
b
4,800
18.650
Low.
Highest.
3
Jan.
79
80 b Feh. 15
50
17
36
Lowest.
”7'ib
27
27
26
26 b
106 b 107 b
62 b 62 b
*16b
25
18
*91b
*8b
51b
25
93
*42
82
54b
55
50b
41b
52b
11 b
*90
122
84
*72
142 b
54b
94
23b
108b
59b
66 b
12b
42
84 b
*73
144 b 145 b
78b 78b
28 b 28 b
28 b
28
107 b 108 b
61b 61b
lib
32
28b
59b
65 b
44
86
80
12
*30
50
140 b 140 b
83
12b
55b
31
30
108
66
81
*81
80 b
59b
66 b
137
*30
68 b
84b
53b
30 b
51b
60b
83b
22 b
98
GGb
44
84
22
67
66b
*42
83
65
31b
51b
42 b
31
65
32 b
527
121b
9b
*8b
29
82
68
955,
41b
lib
40 b
47b
82 b
Hb
66 b
98
30 b
50
*92
52
121
36b
20 b
31b
22
15
....
26
40b
95 b
32b
52 b
21b
*13
18
79
26
19 34
93 b
108 b
80
205
59b
12
55
25
19
39b
81
60
67 b
12b
84b
84b
*73
90
141
40 b
(Shares).
78b
94 b
39 b
Feb. 16.
7134
*3834 40
*93
Friday,
Feb. 15.
80 b
143b 144b 143b145
....
42
53 b
72 b
the Week
Thursday,
83
For Full
Year 1882.
Range Since Jan. 1,1883.
Sales of
71b 72 b "ii"
72 b
79 b 80 b
79b
79 b 80b
*20 b 23
*20b
*21 b 23
23
30
30
30
31
31
31b
*23
25b *23
24
23
23
130b
*130b 132
135 b *134 b 136
135
142
145
145
tl41
117
138
118b
b
119 b 118b 119
99 b
101b 100 b 101b 100b 101
118
117 b
118
118
130b 129 b 130b 129 b
130b 130
143 b
14434 143 b 144 b 143 b 144
121b 120
122b 121b 122 b 121
45b
46
45 34 46b
4534 46b
103 b
10334 103 b 103 b 103 b 104
73 b
74
74 b
78
74
76
*141
141
*141
5
*5
6
5b
5b
5b
120b 118b 119 b 118b 119b 118b
43 b
43b 43 b
44
43b 44
88
*85
*87
90
90
8b
9
8b
9
9b
9b
*15 b
15b
16
11
24
25
*100
35 b
37 b
41 b
47 b
82 b
83 b
23 b
5934
6634
12b
67 b
11
25 b
....
85 b
30 b
25 b
84 b
*23b
*80
29 b
28b 29b
28
28
28 b
29 b
110
108b 108 b 10814 10834
62
62
62
62
53 34 54 b
53b 54 b
557*
62
62
52
*47
53
53b *50
*85
90
90
*85
90
52
53
*50
*47
53
*16
17
*1034 18
40
41b
41b 42
44b
"80
85
83b 83 b
84
94 b 94 34
94 b 9134
95 b
17
10a4
46
46
25
26
26
26
b
b
26b
61
60 b 60 b *60
00b
30 b 31b
30 b 30 b
32
103 b 101 b 102 b 101b 102 b
17
17 b
18 b *15 b 17b
122 b 122 b
59
59
59 b 59 b
62
126 b 124 b 125b 125 b 125 b
78b
48
82
60
PRICES.
42 b
43
31
"30
29 b 29 b
110
110 b
63
*62
55 34 50b
02
62
52
53 b
90
*85
53
53
10 b 10b
42
45
84 b 84 b
95 b 90 b
■1G3.
45
45 b
27 b 27 b
00 b 01b
31b 31b
102b 103b
18
18
*25b
*87
9
16
84
*73
*73
79
140 b 146b xl43
48
5b
"40
4lb 42
48b 48b
83 b 83 b
lib lib
pref
Northern Pacific
,
5
120b 12 lb 119
43 b 44 b
43b
85
Norfolk A Western
Do
*141
45
pref.
New Y'ork A New England....
New York New Haven A, Hart.
New York Ontario A Western.
<
131b
145 b
....
Do
Do
*li7b
129 b
144 b
122 b
123
46 b
45b
118
*141
5
81b
WEEK ENDING FEB. 16, AND SINCE JAN. I, 1883.
81b
25 b
2d pref
135b
135b 135b *l35b 136
njilo»<roA Alton...
*140
*140
145
140
140
Do pref...• 11834 119 b 118 119 b 11734
OhicauoBurlington A Quincy. 101b 102b 100b 102b 100 b
Da
LOWEST
HIGHEST AND
81b
81b
‘82
189
CHRONICLE.
THE
17, IS-3. j
Kkbhuaky
Board.
t Lowest price is
ex-dividend.
r*
ft
190
THE
CHRONICLE.
QUOTATIONS OF STATE AND RAILROAD BONDS
STATE
SECURITIES.
Bid.
Alabama—
Class A, 3 to 5. 1900.
Class A. 3 to 5, small...
Class B, 5s, 1900
Class C, 4s, 1900
Gs, 10-20S, 1900
Ask.
Bid.
82
84
85
Ex-matured coupon
Michigan—
100
641-2
7s, 1890
83
100
Ask.'
Gs, funded, 1899-1900
7s, L. Rock & Ft. S. iss.
45
50
7s, Memp.&L.Rock RR
40
7s, L. R.P.B.&N.O. RR
40
7s, Miss. O. & R. R. RR.
7s, Arkansas Cent. RR.
17
Connecticut—0s, 1883-4.. 102
103
Georgia-Os, 1880
7s, new, 1880
7s, endorsed, 1880
7s, gold, 1890
114
51
50
due
due
due
due
G6
115
1883
1886
1887
1S88
duo 1889
100
106 ^
107
112
109
110
I
or
1890
Hannibal & St. Jo., ’80.
107
107
6s, loan, 1891
6s, loan, 1892
Louisiana—
Do
A.&O
Chatham RR
Do
Do
Do
Do
Do
Consol. 4s, 1910
Small
Ohio-
30
30
2d, 7s, 1885
(Stock Exchange Prices.)
Ala-Central—1st, 6s, 1918
Alleg’y Cen.—1st, 6s,192‘J
Atch. T.&. S.Fe—4 b»192C
Sinking fund, 6s, 1911.
Atl. & Pac.-lst, 6s, 191C
Balt.& O.—lst.Cs.Prk.Rr
Bost. Hartf. & E.—1st, 7t
lst,cons.,guar.7s,1906
Rens. &
i*o*6**
v.v.v.
1st,
93b
114
117
50
Guaranteed
Bur.C.Rap. & No.—lst,5f
i‘00*' 10*6 b
Minn.&St.L —lst,7s,gii *120
IowaC. &West.—1st, 7* 112
1st, 58,1921
Central Iowa—1st, 7s,
|
ios
ibs
110
*108
113
6s, gold, series A, 1908
6s, gold, 'series R, 1908.
6s, currency, 1918.
Mortgage 6s, 1911.
Chicago & Alton—1st. 7s.
Sinking fund, 6s, 1903.
La. & Mo. Riv.—1st, 7s.
2d, 7s, 1900
St. L. Jaek.& Chic.—1st
1st, guar. (564), 7s,’94
2d
2d,
107 b1
„
_
107 b
90
90b
52
52 b
99 b 100 b1
117 b 119
1114
jll7b!
]ll0
1*17 b
113
(360), 7s, 1898
(188),7s,'98.
Sar.—1st,
reg.,
1
135
coup.
1921
Denv.& RioGr.—lst.1900
1st consol., 7s, 1910
Denv.So.P.&Pac.—1 st,7s.
Det.Mac. & Marq.—1st,6s
Land grant, 3bs, S. A..
E.T.Va.& G.—1st,7s,1900
1st, cons., 5s, 1930
Divisional 5s, 1930
Eliz.C.& N.—S.f.,deb.c.6s
1st, 6s, 1920
Eliz. Lex. & Big S.—6s...
Erie—1st, extended,7s...
2d, extended, 5s, 1919..
3d, 7s, 1883
4th, extended, 5s, 1920.
5th, 7s, 1888
1st cons., gold, 7s, 1920.
1st cons., fd. coup., 7s..
Reorg., 1st lien, 6s,19081
Long Dock b’ds. 7s, *93.!
BufLN.Y.&E.—1st, 1916:
N.Y.L.E.&W.-New2d 6}
2d, consol., fd. cp., 5s.
Buf.&S.W.—M. 6s, 1908i
Ev. & T. II.—1st, cons., 6s
107 b 109
87
88
80
Ask.
South Carolina—
6s, Act Mar. 23, 1869 )
non-fundablo, 1888. )
Brown consol’n 6s, 1893
1021.)
1033*
41
41
41
34
31
34
62
42 b
7
Tennessee—6s, old,1892-8
6s, new, 1892-8-1900
...
6s,
new
series, 1914
....
Virginia—6s,
6s,
6s,
6s,
Gs,
6s,
old
new, 1866
now, 1867
consol, bonds
ex-matured coupon.
consol., 2d series
District of Columbia—
3-65s, 1924
Small bonds
43
44 s4
40
50^
48
12
|
14
!
!
Registered
Funding 5s, 1899
107 *2
*
Bid.
6s, deferred
78
78
Rhode Island68, coupon, 1893-99
RAILROAD
61-2
6b
6b
;
SECURITIES.
Cmpmise,3-4-5-6s,1912
6
6
7
class 2
toW.N. C. RR
Western RR...
Wil.C.&Ru.R.
W’n. &TarR.
68,1886
12
12
5
Special tax,class l,’98-9
Del. & H.—Continued—
Alb. & Susq.—1st, 7s... ►110
Railroad Bonds.
155
130
130
10
10
15
15
Do
1868-1898,
Now bonds, J.&J,, ’92-8
-..
73 b
6s, loan, 1893
70
N. Carolina^-6s, old, J.&J.
6s, old, A.& O
SECURITIES
Ask.
155
r
112
112
Do
do
’87!
Now York68, gold, reg., 1887
6s, gold, coup., 1887
Bid.
Funding act, 1866-1900
AsyTm or Univ.. due’92 112ia
116
Funding, 1894-95
23
73
68
SECURITIES.
N. Carolina—ContinuedNo. Carolina RR., J.&J.
Do
A.&O
Do coup, off, J.&J.
Do coup, off, A.&O.
Missouri—
0s,
6s,
6s,
0s,
6s,
AND MISCELLANEOUS
BONDS.
Louisiana—Continued—
Arkansas—
78, consol., 1914
7s, small
SECURITIES.
[VOL. XXXVI.
Do
Do
115
small
registered...
BONDS.
Mil.L.S.&W.—lst,6s,1921
Minn.&St.L.—1st,7s,1927
99
Rich, dt Al.—1st, 7s, 1920
Rich.&
Ext.—1st, 7s, 1909 111V
2d, 7s, 1891
TOO j
S’thw.Ext.—1st,7s,1910 ‘110b 111
Pac. Ext,—1st, 6s, 1921
101V102
Debenture 6s, 1927
Atl.&Ch.—1st, p., 7s.,’97
I
118 V
Iowa
Missouri Kan. & Tex.—
Gen. con.,*6s, 1920
9734
Cons. 7s, 1904-5-6
91
Cons. 2d, income, 1911.
*4
Danv.—Cons.g.,6s
Incomes, 1900
SciotoVal.—1st,
St. L. & Iron
cons., 7s.
Mt.—1st,
7s
79 b
2d, 7s, 1897
105
Arkansas Br.—1st, 7s...
53 b 54 b
Cairo & Fulton—1st ,7s.
II. & Cent. Mo.—1st,’90 *103
Cairo Ark. & T.—1st, 7s
116
il8*' Mobile & Ohio.—New,
6s. 107b1---Gen. r y& 1. gr., 5s, 1931
72
72b
Collat. Trust, 6s, 1892..
106
St. L. Alton & T. H.—1st.
92
Morgan’s La.& T.—1st, 6s
2d, pref., 7s, 1894
Nash.Cliat.&St.L.--1st,7s 116
2d, income, 7s, 1894
2d, 6s, 1901
Bellev. & S. Ill.—1st, 8s
94
95
N. Y. Central—6s, 1883.. 10134
St.
P.Minn.&Man.—1st,7s
127
6s,1887
T0734
2d, 6s. 1909
108
101 bl
6s, real estate, 1883
Dakota Ext.—6s, 1910..
1*0*3 b
6s, subscription, 1883.. 10134i
Min’s Un.—1st,Gs,1922.
10*4'
N.Y.C. & H.—1st, cp.,7s 128 1130
St. P. & Dnl.—lst.5s, 1931
109 b
128 I
l^t.reg., 1903
So. Car. Ry.—1st,
6s, 1920
129" 130
Huds. R.—7s, 2d,s.f.,’83 106 b1
2d. 6s, 1931
Can. So.—l9t,iut.g’ar.5s
94b 94 34 Tex.Con.—1st,s.f.,7s,1909
~
Harlem—1st, 7s, coup.. 130 133
1st mort.,,.78, 1911
118b 120
1st, 78, reg., 1900
129
130
Tol. Del. & Bur.—Main,6s
130
N. Y. Elev’d—lst,7s,190G 115
116 b
1st, Dayt. Div., 6s, 1910
94
'96 b N.Y.Pa.&O.—Pr.l’n,6s,’95
"‘
1st, Ter’l trust, 6s, 1910
96
IN.Y.C.&N.—Gen.,6s,1910 *46*
Va. Mid.—M.
inc.,6s, 1927
Trust Co., receipts
46
Wab. St.L. & P.—Gen’1,63
96 b N.Y. & New
Eng.—1st,
7s
Chic.
Div.—5s, 1910
114
1st, 6s, 1905
Hav. Div.—6s, 1910....
104
N.Y.C.&St.L.-lst,6s,1921
96V
Tol. P.&W.—lst.7s, 1917
96b
107
108
N.Y.W.Sh.A Buff.-Cp.5s
76% 76b1
Iowa Div.—6s, 1921
Nevada Cent.—1st, 6s
(103 | Ind’polis Div.—6s, 1921
N. Pac.—G. 1. g.,
103
b
103
b
lst.cp.6s
Detroit Div.—6s, 1921..
78
Registered, 6s, 1921
Cairo Div.—5s, 1931
111
lll7s N.O. Pac.—1st, 6s, g.,1920
87 V 88
Wabash—M.,7s, 1909..
108
108 b Norf. &
W.—O’l, 6s, 1931.
ilOlb
Tol. & W.—1st,.ext.,7s
108
Ohio & Miss.—Consol, s. f. 116V 116b
1st, St. L. Div., 7s, ’89
107b:i08
Consolidated 7s, 1898
116 b
2d, ext., 7s, 1893
‘106
2d consolidated 7s, 1911 *119
Equip, b’ds,7s, 1883..
110
1st, Springfield Div., 7s 117b 117b
Consol, conv., 7s, 1907
120 b‘
Ohio Central—1st,6s,1920
90
Gt. West.r-lst, 7s, ’88
1st Ter’lTr., 6s, 1920...
90
2d, 7s, 1893
1st Min’l Div., 6s, 1921.
Q. & T.—1st, 7s, 1890.
Ohio So.—1st, 6s, 1921....
80 b 83*
Han.& Naples—1st,7s
79
78
9334
69b 60 b
r
►112b 114
i
107b 108
107
109
109b
110
’6b 77b
T07b 109
105
i0834
108
108
100
102
92
105
105
52
109
112
109
110
io*4*
95
56
56
78
80 b 80b
AP.M’rq.—M.6s,1920t
Miss.R.Br’ge—lst.s.f.Gs
......J Gal. Har.& S. Ant.—1st,6s!
C.B.&Q.-Cousol. 78,1903 126
1*0*7* b
126b*
2d. 7s, 1905
5s, sinking fund, 1901.. *100
106
91
Mex. & Pac.—1st, 5s.
Ia. Div.-S. F., 5s, 1919 *105
106
2d, 6s, 1931
S. F., 4s, 1919
87 b 88
Gr’n Bay W.&S.P.—1st,6s
Denver Div.—4s, 1922..
82
79 b 82b
83b' Gulf Col. & S.Fe—7s, 1909
48 1921
*80
82
97
Han.&St. Jos.— 8s, conv..
C. R. I. & P.—6 s, cp.,1917 124
125
i*05b 107
Consol. 6s, 1911
6s, reg., 1917
125
102
Hous.A T.C.—lst,M.L.,7s
Keo. & Des M.—1st, 6s. *i02
^
100
1st, West. Div., 7s
Central of N. J.—1st, ’90. 114
50
1st, Waco & N., 7s
1st consol, assented, ’99 110 b 110 b:
97 b 98
2d consol., main line, 8s
104 b
Conv., assented,7s, 1902 110
!
2d, Waco & No.,8s,1915
100
Adjustment, 7s, 1903... *106 106 b'
lOOb
General, 6s, 1921
*99
105
103 '
Lefe&W.B.—Con.g’d.as
Hous.E.&W. Tex.—1st,7s
87 b
Am.D’k&lmp.—5s,1921
Ill.Cent.— Sp.Div.—Cp. 6s
*91
C.M.& St. P.—1st, 8s, P.D. 130 b 133
Oreg’n&Cal.—1st,6s,1921
Ill.&So.Ia.—lstEx.,6s
Middle Div.—Reg., 5s. J
Or.& Trans’l—6s,’82-1922
93 b 93 b
St.L. K.C.&N.—R.e.7s *108 b 109
2d, 7 3-10, P. D., 1898.. *120b 120 b
C.St.L.&N.O.—Ten.1.,7s. *113
Panama—S.f. ,su b.6s, 1910
H05
1
Oui. Div.—1st, 7s
1st, 7s, $ g., R. D., 1902. 127
109 b
1st consol., 7s, 1897 ..i
117
Peoria Dec.& Ev.—1st, 6s
99 V
1st, LaO.Div., 7s, 1893. 117
118b1
Clar’daBr.—68,1919
2d, 7s, 1907
120
Evans.Div., 1st,6s,1920 102 f 102b
St. Chaa. Br.—1st,6s *9*6
95
1st, I. & M.. 78, 1897... 118
120
103 b 104 b Pac. RRs.—Cen.
Gold, 5s, 1951
P.—G.,6s 113 b 113 V
No. Missouri—1st, 7s. *119b 119=8
1st, I. & D.,7s, 1899.... 118
2d Div., 7s, 1894
San Joaquin Branch.. 110
West. Un. Tel.—1900, cp. *117
1st, C. & M., 7s, 1903... 118
Ced. F. & Minn.—Is*.7s
114
Cal. & Oregon—1st, 6s
Consol. 7s, 1905
120b 1.23
1900, reg
117
Ind. Bl. & W.—1st prf. 7s 114b 116b
State
Aid
bds.,
7s,
’84
N.W.
103 b
2d, 7s, 1884
Telegraph—7s,1904
87
1st, 4-5-6s, 1909
88
Land grant bonds, 6s. 104b
1st. 7s, I.&D. Ext.,1908 *120
Mut.
85
b 86b
Un.T.—S.F.,63,1911
2d, 4-a-6s, 19&9
73
77
West. Pac.—Bonds, 6s 110b in
S. W. Div., 1st, 6s, 1909. 108
i09
Spring Val.W.W.—1st, 6s
East’n Div.—6s, 1921...
92 b
So. Pac. of Cal.—1st, 6s. 104V
94
1st, 5s,LaC.&Dav.,1919
10*6
Oregon
RR.
&
b 1*07 b
N.—1st, 6s
ndianap.D.&Spr.—1st,7s io'i* 102
Union Pacific—1st, 6s.. 113 VI14
1st, S.Minn.Div.6s,1910 105b i*06
2d, 5s, 1911
Land grants, 7s, ’87-9. 109
I
INCOME BONDS.
1st, H. & D., 7s, 1910
115b 118
Int.& Gt.No.—1st,6s,gold 10534;i06
Sinking funds, 8s, ’93. 118b
Ch. & Pac. Div.,6s,1910 108 b
(Interest payable if earned.)
85
Coupon, 6s, 1909
85 b
ill9
Registered
8s,
1893...
Aim
Cent.—Inc. 6s, 1918.
1st,Chic.&P.W.,5s, 1921
91b 91b
Collateral Trust, 6s...
103
Min’l Pt. Div., 5s, 1910.
*90
Alleg’y Cent.—Inc., 1912.
Kans. Pac.—1st,6s,’95 *108b 109
C.& L. Sup.Div.,5s,1921
Atl.
&
Pac.—Inc., 1910...
Micli.S. & N.I.—S.fd.,7s 106 b
1st, 6s, 1896
108b 109
Central of N. J.—1908....
Wis. & Min. D„ 5s, 1921
80
Clove. & Tol.—Sink. fd. 105
106b
Den. Div.,Gs,as’d,’99 107
108
C. & N’west.—S.fd.,78,’85 *104 b
Col.
&
C.
I. C.—Inc. 7s, ’90 *48
New bond.-1, 7s, 1886.. 107 b 108
1st
consol., 6s, 1919.
98 b
Interest bonds, 7s, 1883 103 b 103 b
61
62
Reorga’n Tr’st Co. Cert.
Cleve. P. & Ash.—7s.
113
C.Br. U.P.—F.c.,7s,’95, *100
Consol, bonds, 7s, 1915. 130
Gent. Ia.—Coup.debt ctfs.
60
131
Buff. & Erie—New bds. 120
A t.C. & P.—1 st,6s, 19051
90
Extens’n bonds, 7s, ’85. *100
b Ch.St.P.&M.—L.g. inc.,6s
Kal. & W. Pigeon—1st. 100
At. .J.G’o. &W.—1st,
90
Chic. & E. 111.—Inc., 1907
104 b 105 b
1st, 7s, 1885
Gs] 94
Det.M.&T.—1st,78.1906 *122
Greg. Short L.—1st,6s
95
DesM.&b t.D.—lst,iiic.,Gs
Coupon, gold, 78,1902.. 124 b 126
Lake Shore—Div. bonds) 122
125
Ut. So.—Gen.,78 ,1909)
103
Dot. Mac. & Marq.—Inc..
Reg., gold, 78, 1902
*124
Cousol., coup., 1st, 7s. 124
12534'
100
Extern,
1st,
7s,
1909
E.T.V.&Ga.-36
112
Sinking fnnd, 6s, 1929.
Die.,6s, 1931
Consol., reg., 1st, 7s..I 125
12534
Mo. Pac.—1st, cons., 6s.
102
EI.C. & No.—2d, iuc.,1970
40
108
110
Sinking fund, reg
CoDsoi., coup., 2d. 7s.|*120
3d, 7s, 1906
121b
G. Buy W.& St.P.—2d,inc.
110b 112
11
25
Sinking fund, 5s, 1929. 100 b 101
Consol., reg., 2d, 7s...I
121b
Pacific of Mo.—1st, 6s 105b 105 b Ind. Bl. &
Sinking fund, reg
W.—Inc., 19i9
101b1 Long Isl. R.—1st,7s, 1898! 117
2d, 7s, 1891
Escan’a& L.S.—1st, 6s.
ilOV...
40
43 b
Consol., Inc., 6s, 1921.
1st consol., 5s. 1931 ....j
9734
98
St.
L.&
97 i
S.F.—2d,6s,cl.A
Des M. & Min’s—1st, 7s
Ind’s Dee.& Spr’d—2d iuc
Louisv. & N.—Cons.7s,’98 116
4-6s,
class
93
1906
C,
Iowa Midland—1st, 8s.. 130
Trust Co. certificates..
b'
133
2d ,7s, gold, 1883.
100
4-0s, class B., 1906
93 1 93b Loll. & Wilkcsb. Coal—’88
80
Peninsula—1st,conv. 7 s 120
Cecilian Br’cli—7s, 1907 105 b
1st,
6s,
PeirceC.&O..
Lake
E. & W.—Inc.7s, ’99
43 b
*34
Chicago & Mil.—1st, 7s. 119
N.O.&Mob.—Ist,0sl930
Equipment,
7s,
1895..
103
Win.& St. P.—1st,7s,’87 106 b 108
*30
Sand’kyDiv.—Jnc.,1920
E. H. & N.—1st,6s,1919'
Gen. mort., 6s, 1931..
2d, 7s, 1907
121
Laf.Bl.&Mun.—Inc.7s/99 *40
125
93 b
General, Gs, 1930
So. Pac. of Mo.—1st
102 b1
Mil. L. S. & W.—incomes
76
Mil.&Mad.—1st,6s,1905
115
Pensac’la Div.—6s, 1920'
Tex.&
Pac.—1st,6s,1905 106 !
C.C.C.& Ind’s—1st ,7s,s.f. i*20“
85
Mob. & O.—1st prf. deben.
82
St. L. Div.—1st, 6s,19211
Consol., 6s, 1905
93 b
Consol. 7s, 1914
2d pref. debentures
50
121b
2d, 3s, 1980
1
Income & Ld. gr., reg.*
57 b 58 b
36
3d pref. debentures
C.St.P.M.&O.—Consol.,6s 106 107
<! *33*
Nashv. & Dec.—1st, 7s. I
1st,Rio G. Div.,6s, 1930
80
34
80
4tli pref. debentures—
C.St.P.&M.-lst,6s,1918 112b 115
S.&N. Ala.—S.f.,6s,1910
Pennsylvania
R
R.—
N. Wis.—1st, 6s, 1930.. *108
96
N.Y.Lake E.&W.—inc.Os
Leban’n-Kuox—6s,1931!
Pa. Co’sgu *r. 4bs,lst c.
95
95 b N. Y.P.&O.—1st inc.ac.,7s
52
St.P.&S.C.—1st,6s,1919 111 1*12
Louisv.C.& L.—6s, 1931!
Registered,
1921
2*6’
94
Ohio
25
b
b1
Cliic.&E.Ill.—lst,s.f.,cur.
Cent.—Income, 1920
100
L. Erie &WC—1st, 6s,1919!
99 C
Pitt.C.&St. L.—1st, c.7s
Col.& Green.—1st,6s,1916 *95 ‘
Mini Div.—Inc. 7s,1921
Sandusky Div.—6s,1919!
1st, reg., 7s, 1900
Ohio
*30*
sso.—2d
2d, 6s, 1926
iuc., 6s, 1921
Laf. Bl.&M.—1st,68,1919
2d, 7s, 1913
Col. H.Val.& Tol.-lst, 5s '*80*
Ogdeus.&L.C.—Iuc., 1920
85
Louis v. N. Alb. &C.—1 st,6s 1
Pitts.
Pt.
W. & Cli.-lst 136
Del. L.&W.—7s, conv.,’92 116
137
Small
119
Manhat.B’chCo.—7s,1999!
2d, 7s, 1912
133
65
45
Mortgage 7s, 1907
*128
PeoriaD.&Ev.—111c.,1920
N. Y.&M.B’li—lst,7s,’97
3d,
1912
7s,
129
50
131
Evans. Div.—Inc., 1920
130
Syr. Bing. &N. Y.— 1st,7 s
Marietta & Cin.—1st, 7s.
Clev.
&
Pitts.—Cons.
124
Morris & Essex.—1st,7s
s.f.
b 126
45b
Roeh. & Pitts.—Inc.,1921 *42*
i*35*b
1st, sterling
If
sink,
4th,
110
43
fd.,
6s,
1892.
Rome \V\ & Og.—Inc., 7s.
2d, 7s, 1891
*112
Metr’p’lit’n El.—1st,1908
97 b 97
Col.C.&I.C.—1st,consol.
So. Car. Ry.—Iuc.,6s, 1931
**55* 57
Bonds, 7s, 1900
*110
2d,'6s, 1899
87 I 8«
2d consol., 7s, 1909
7s of 1871,1901
St.
Louis I. Mr. & So.—
121
122
Mex. Cen.—1st, 7s, 1911. *71
1st, Tr’8tCo.ctf8.,as3’d 116
1st, consol., guar.. 7s. 121
122 b Mich. Cen.—Con., 7s,1902 124
1st, 7s, pref., int. accum. 118
b 125 b
2d, Tr’st Co.ctfs.,ass’d
Del. & H.—1st, 7s, 1884..
2d, 6s, iut. accum’lative 117
103 b
Consolidated 5s. 1902
lst.Tr’tCo.ctfs. suppl. ;*115
78,1891
i*i*4* 114b Equipm’t bds., 8s, 1883.
'jSt’g I .&Ry.-Ser.B.,inc.’94
37
Plain incomes, 6s, 1896; *
St.L.V.&T.H.—lst,g.,7s
1st, ext., 7s, 1891
115
6s. 1909
2d,
73,1898
...|
| Coupon, 5s, 1931
Coup., 7s, 1894
ii*5>
Sterling Mt.Ry.—Inc.,’95
2d,
*7*1
*
guar., 7s, 1898
St.L.A. & T.H.—Div. bds
115
Reg., 7 s, 1894
118 b
Registered, 5s, 1931....
Pitts. B.&B.—lst.6s,1911 *75
15
1st, Pa. Div.,cp.,7s,1917 1*26*
Tol.Del.&B.-lnc.,6s,1910
J ack.Lan.& Sag.—6s.’91
Rome \V. & Og.—C011. 1st,
15
Pa. Div., reg., 7s, 1917..
72
*7*3*
Payton Div.—6s, 1910..
Mil. & No.—1st, 6s, 1910.
Rocli.& Pitt.—1st,6s, 1921
104b 105
Tex.&»t.L.-L.g.,iuc.l920
guar.
......I Fl’t
..
..
.
_
.
.
^
...
...
,
.
.
..
......
......
......
.
.
......
...
....
......
.
.
...
_
.
..
...
...
..
1
*
....
....
No
price Friday—these
are
latest quotations made this week,
.
THE CHRONICLE,
17, 186 8. J
F*bruahy
New York Local Securities.
Quotations in Boston, Philadelphia and Baltimore.
Insurance Stock List.
Bank Stock List.
not
Par.
155
100 150
130
100
100
25 250
25
100 126
100
150
25 136
100
25 117
100
151
150
100
2
100 120
100
25
25
100
100
100
100 123^4
30
50 164
95b
75
100
100
America*
Amer.
Exchange...
Bowery
COMPANIES.
Ask
Bid.
National.
.
-
.
Broadway------v-,--,
Butchers’ & Drov s
Central
.
Chase
Chatham
Chemical
Citizens’
.
.
.
City
Commerce
Continental
Corn Exchange*.
River—...
Eleventh Ward*—
East
Fifth
Fifth Avenue*
First
Fourth
Fulton
Gallatin
—-
American*.
Exchange*
German
German
Germania*
25
Greenwich*
Imp. &
Traders’—
Irving
Island City*
Leather Manuf’rs’..
Manhattan*
Marine
135
100
100
50
50
Hanover
265
Merchants’
Merchants’ Exch...
25
TOO
50
50
Metropolis*
100
Nassau*
New York
N.Y. Nat Exch....
Ninth
North America*....
North River*
Oriental*
Pacific*
100
100
100
100
70
30
Park
100
25
People’s*
14 3
150
115
117
99
Phenix
145
120
50
150
159
Republic
100
8t Nicholas*...
Seventh Ward.
Second
ShoeA Leather
State of New York*
Third
100
120*5
160
iOO*
100
100
100
100
100
Tradesmen’s.
Union
United States
Wall Street...
West Side*...
Clinton
Commercial
Continental
50
.
Eagle
Empire City
Exchange
Farragut
Firemen’s
Firemen’s Trust
Franklin & Erap..
German-American
.
100
40
100
30
50
17
10
100
100
50
173
150
116
150
100
iso*
50
300
117
125
GAS COMPANIES.
Par.
Brooklyn Gas-Light
25
20
1,000
50
20
50
100
500
100
Manhattan
Metropolitan
Bonds
Bonds
Y.
1,000
Nassau (Bklyn.)
25
8crip
Var’s
New York
.
.
.
People’s (Bklyn.)
Bonds
Bonds
!
Central of New
Williamsburg
.
100
10
.
" ”.
1,000
Var’s
50
50
York”".'
Bonds
1,000
100
100
***
Bonds
Fulton Municipal
100
i
ooo
Bi?fWay £ 7 th Av.—St'k j ’lOO
Brook1yncity-Stock;::;i
1st mort
i
1 ooo
Bki™a&.( BkIn-)—Stock J
’lOO
,os,.8t<)wn-stock
1st mort.
bonds
i
10
100
1 OOO
100
no
100
SjJJfAt
(Bkln)—S ’k ’i
CgJ.Fk.N.&E.Uiv.-Stk
^
mort,
bonds....! 1,000
Bonds*1 r&10tl1 St—Stk,
Bat’y—Stk
100
1,000
100
iuu
E& It C0JiH0\
600&C
lKort-~St°Ck
!
100
1,000
100
Utmort'088:owil~®t^:
&SUP';^
Gonsol.
conv.
c.Extension..
sixth
Av.-stock.:;:
181 liiOI'C
1,000
100
1,000
100
500
100
LOO
LOO
25
Tradesmen’s
25
United States
25
Westchester
10
50
Williamsburg City.
Amount.
Period
$
2.000,000 Var’s
1,200,000 Var’s
315,000 A. & O.
1,850,000 F.&A
750,000|J. & J.
4,000,0001.1. & J.
Rate
70
50
120
80
125
120
220
Date.
*
p.c.
5
Nov.,
3
Jan.,
1,000
100
1
80
100
1
120
1
190
143
120
280
Nebraska, Gs
Nebraska,
116
113
103
31*
60
California Sen‘hern—6s..
Kasi’rn, Mass.—4*2S,
--
new
Fort Scott & Gulf—7s
Hartford & Erie—7s
K. City Lawr. & So,—5s..
K. City St. Jo. & C. B.—7s
1126
2C0
10934 110
112
ll‘J34
,,
2d, 6s, 1900
Lehigh V.—1st,6s,reg.,’98
„,
Ask.
2,500,000;M.& s.
750.000IF. & A.
3
3,500,000 Quar.
1,500,000 M.&N.
1,000,000 Var’s
700,000 M.&N.
4,000,000 M.&N.
1,000,000 J. & J.
375,000 M.&N.
125,000 Var’s
466,000 F. & A.
1,000,000 Quar.
’83
’82
’82
83
’82
’83
Dec.,
Feb.,
73
105
98
155
240
188
105
113
103
50
90
120
47
’83
6
3
1982
Sept.,
3*2 Nov.,
5
Nov.,
3*2 Jan.,
3* Nov.,
Oct.,
Aug.,
1*2 Feb.,
1,000,000 A. & O. 3 iOct.,
J an.,
1,000,000 M.&N. 3
3.000.000
5
Feb.,
7sn_nno m.&n
6
1888
900,000 J. & J.
694,000 J. & J.
2,100,000 Q.—J.
1,500,000 J. & D.
2,000,000 Q.—F.
300,000 M.&N.
200,000 Q.—J.
400,000 Q.—J.
300,000 Q.—J.
500,000 J. & J.
1.800,000 Q.-J.
1,200,000 J. &D.
650,000 F.&A.
250,000 J. & J.
1,200,000 Q.—F.
900,000 J. & D.
1,000,000 Q.—J.
\ 03,000 I. & J.
748,000 M.&N.
236,000 A. & O.
600,000
200,000 M.&N.
250,000
1,000
2,000,000 Q.—F.
2,000,000 J. & J.
600,000 F.&A.
250,000 M.&N
last dividend
on
1
‘ei* **6*4*’
Preferred.
150
’. & New England
Northern of N. Hampsh.
Norwich & Worcester...
82
82
82
76
82 105
82
87
82
80
82
60
82 100
83
80
83 180
106
GO
7
6
6
7
6
6
7
’84 102
’83,210
102
Jan.,
’83 190
Jan.,
’83,150
1888
|105
115
75
110
100
160
250
192
110
115
105
55
95
125
50
106
92
90
70
102
82
Massachusetts
Worcester & Nashua...
Wisconsin Central
Preferred
4
7
3
7
6
7
’83 108
1898
106
Feb., ’83 250
June,
Jan.,
’93
J une,
’84
’82
’83
Nov.,
April, ’93
Nov.,1904
July,
Jan.,
April,
Nov.,
Sept.,
Nov.,
July,
Feb.,
July,
Keb.,
May,
Sunb. Haz. &
70
27
112
146
103
216
110
200
112
’94
’83
’85
’88
’83
’32
’90
*82
’90
’83
115
250
100
250
110
78
103
80
no
112
112
262*2
117
110
115
82*2
103
115
177*2 182*
103
106
1*0
240
no
270
no
155
Allegheny Valley....
Buffalo Pittsb. & West’n
Preferred
Caniden & Atlantic..
Preferred
16*8
Catawissa
1st preferred
2d preferred
Delaware & Bound Brook
East Pennsylvania
Elmira & Williamsport..
Preferred
22
56
54
Joy & Lanc'r
Huntingd’n & Broad Top
Preferred
87
no
121
121
3 33
123
322
123*4
......
83*2
103 V —
120
125
125
1U4
101*4 101*a
104
125
123
124
119*2 120
;119*a
119
121
126
102*2 103
123
112*2
112
1U34
104*2
121*2
122
120
125
126
124»s 125*2
95
95*2
101
101*4
94
'8334
67
8634
75
84*2
68
87*
78
103
76
75
52
93*2
120
9234
94
121
93*
121 *a
95
88
28
29*a
106
ids’*
79 *4
8l*a
94 *2
94*
94
95
58*2
58
70
12
65
Westchester—Cons. pref.
...
Preferred
RAILROAD BONDS.
Allegh. Val.—7 3-10s, ’96
Inc. 7s. end., coup., 94
Belvid’e Del.—1st,6s, 1902
i'13
Cam. & Arabov— 6s,
Ex-dividend.
c.,’89
89
50
7
50
55
Maryland ....50
15
Western
100
20
107
27
61*2
89*
40
18934 191
-
Atlanta & Chari.—1st
Inc
Balt.&Ohio—6s,’85,A.&0
Columbia& Greenv.—lsts
2ds
Pittsb. &Con’ells.—7 8 J&J
No.Central—6s. ’85, J.&J.
6s, 1900, A. & O
6 s, gold, 1900, J.&J....
Cen. Ohio.—Gs, lst,M.&S.
W.Md.—6s, 1st, g., J.&J
1st, 1890, J.&J
2d, guar., J.&J
39 *8
2d, pref
2d, guar. byW.Co.,J.&J
Gs, 3d, guar., J. & J
14*2 Mar.&Cin.—7s, ’91,F.& A.
M&N
2d
322*2 124*2
8s, 3d, J.&J
120
Richni. & Danv.—Gold, 6s
47
Union RR.—1st, gua.J&J
120
Canton endorsed
121*2
304
Virginia & Tenu.—6s ....
105*2
8s
il3
t Per share.
Wil. & Weldon—Gold,
Wilm. C. & Aug.—6s
$ In default.
129*
100.
N.W.Va.—3d, guar.,J&J.
33
105
112
86*2
107
200
129
125
55*4 Central Ohio—Com
50
Pittsburg & Connellsville
59=8 RAILROAD BONDS.
26 7.
*14 '
82
Schuylk. Nav.—1st,6s,rg. 106
2d, 6s, reg., 1907
io<r
85
Northern Central
67
38 58
Greenw’d Tr., 7s, reg
Morris—Boat Loan rg.,’85
Pennsylv.—6s, cp., 1910..
110*2
102 *a 103
116
11734
Parkersburg Br
55
Go
Leliigh Navigation
Pennsylvania
Schuylkill Navigation
Lehigh Nav.—6s,reg.,’84.
Mort. RR., reg., 1897
Cons., 7s, reg., 1911
54
40
49 *2
32
CANAL BONDS.
Ches. & Del.—1st, 6s, 1886
59
39^
West Jersey
West Jersey & Atlantic..
CANAL STOCKS.
6s, P. B., 1896
Gen., 7s, coup.. 1901
Baltimore & Ohio
1st pref
2d pref
Wash. Branch
63
19
105
110
105
14*2
29*2 RATLR’D STOCKS. Par
29
64 34
59*q
Philadelphia & Erie
Phila. Ger. & Norristown
Pliila. Newtown & N.Y..
Phila. & Reading
Phila. & Trenton
Phila. Wilm. & Balt
Pittsb. Cin.& St. L.—Com.
St. Paul & Duluth—Com.
Preferred
United N. J. Companies..
115
BALTIMORE.
West’n—Com
Pennsylvania
*
140
110*a 111*
118
122
..
40
53*2
Preferred
Northern Central
North Pennsylvania....
1st, 6s, coup., 1896
1st, 7s, 1899
—
139
Nesquehoning Valley....
250
115
stocks, but date of maturity of bonds.
25
50
58 34
&
16*4
24
Preferred
Little Schuylkill
Minehill & Sell. Haven...
Norfolk
West Chester—Cons. 7s..
West Jersey—6s, deb. cp
Cons. 6s, 1909
W. Jersey & All.—lst,6s,C.
Western Penn.—6s, coup.
PHILADELPHIA.
108
162
’93 113*2 115
19
30
18*2
RAILROAD STOCKS, t
Har. P. Mt.
Jan.,
’83| 150
Jan.,
*83 143*2 145*2
117
Dec., 1902 115“
2*2 Fei».,
7
loo"
100
Sunbury & Erie—1st, 7s
46
111
—
Lehigh Valley
VJan., ’83! 24
July, 1900 107
’83 144
Jan.,
June,
3*a Feb.,
Phil.Wil.& Balt.—4s,tr.ci
Pii ts.Cin.& St.L.—7s, re^
7s, coup., 1900
Pitts. Titus. & B.—7s,cp
Rich.& Dan.—Cons.int.6s
ShamokinV. & Potts.—7s
W.—1st, 5s
2d, 6s, 1938
157*2
Syr.Gen.& Corn.—1st, 7s.
Ogdensb. & L. Champlain
Texas & Pacific—1 st,6s,g.
135
Old Colony
136*2
Rio Gr. Div.—1930
Portland Saco & Portsm. 112*4
Cons, 6s, gold, 1905
122
Pullman Palace Car
*121
Inc. & L. Gr., 7s, 1915.
Rutland—Preferred
16*2
Union & Titusv.—1st, 7s.
Revere Beach & Lynn
United N. J.—Cons.6s,’94
Tol. Cinn. & St. Louis
4*e Warren & F.—1st, 7s, ’96
131
Verrn’t &
....
7
2
7
107*a
...
2*2'Jan.,
3
3
31
33
|
i'24*
,
87*2
j
123
118
Easton&Amb’y—5s, 1920 105
El &Wmsp’t-lat,6s, 1910 115
5s, perpetual
81*2 Harrisb'g—1st, 6s, 1883.
H &B.T.—1st, 7s, g., 1890
Cons. 5s, 1895
rtliaca&Ath.—1st, gld ,7s
Junction—1st, 6s, 1882...
34
■
119
104
83
5s
107*2
i'13*
4s
74
60
L26
90
130
Bid.
’82 112
3*2 Oct.,
3
Aug.,
7* Jan.,
5
8
500,000 J. & J.
1,199,500 J. & J.
1,000
150,000 A. & O.
1,000 1,050,000 M.&N.
500&C.
200,000 M.& S.
100
750,000 M.&N.
1,000
500,000 J. & J.
100
This column shows
Boston & Providence—7s
Burl. & Mo.—Ld. gr., 7s
Nebraska, 6s
Ex.
Cliic,Burl.& Q.—D.Ex
1 Conn. &
Passumpsic—7s.
[ Connotton
Valley—6s
1
80
100
125
^[Quotations by II. L. Grant, Broker, 145 Broadway.]
mort
.
|
Sterling
Stuyvesant
iOO 1,500,000
Bl’ckerSt.&Fult.F.-Stk
ist
1
|
220
'
Mutual(N.
I
97
240
City Railroad Stocks and Bonds.
Citizens’ Gas-L. (Bklyn.)
Bonds
Harlem
Jersey City & Hoboken..
6m
1st, 6s, coup., 1898
2d, 7s, reg., 1910
Cons. 6s, reg., 1923
Globe
50
1
113*4
Cons. 6s, cp., 1923
Greenwich
25
| 1 ittle R. & Ft. S.—7s, 1st
94
n. O. Pac.—1st, 6s, 1920.
Guardian
60
65
100
1 Mass. Central—6s
20
No. Penn.—1st, 6s, cp.,’85
Hamilton
117
15
110
71
Mexican Central—7s
2d, 7 s, cp. 1896
Hanover
140
134
50
N. Y.& N. England—6s.
105 34 106
Gen,., 7s, reg., 1903
Hoffman
70
80
60
115
78
Gen., 7s, cp., 1903
Home
100
140
146
N. Mexico & So. Pac.—7s 112*2 113
Debenture 6s, reg
Howard
70
78
50
Ogdensb.&
L.Ch.—Con
6s
Norfolk & West.—Gen..6s
75
80
1 Income
Importers’* Trad’s’ 50
45
Oil Creek—1st, 6s, coup..
60
70
100
Irving
Old Colony—78
Pennsylv.—Gen., 6s, reg.
J efferson
135
30* 130
68
Gen 6s, cp., 1910..
210
180
1 Pueblo & Ark. Val.—7s.. 113 113*2
Kings C’nty (Bkn.). 20
Cons., 68, reg., 1905
75
Knickerbocker
40
80
96
Rutland—6s, 1st
Cons., 6s, coup., 1905...
Lamar
70
75
100
104*2
Sonora—7s
Cons 5s, reg., 1919
110- 112*
Long Isl’d (B’klyn) 50
T. Cinn. & St. L—1st, 6s.
Pa. & N. Y. C.—7s, 1896.
Lorillard
25
53
GO
1 Income
1134
11*4
7,1906
Manufac. & Build.. 100
113
107
j
12 V Perkiomen—1
Dayton Division
st, 6s,cp.’87
Manhattan
1 100
4
10
Main line
Phil &Erie—2d.7s.cp ,’88
Mech. & Traders’ ..1 25
120
130
j
STOCKS.
Cons., 6s, 1920
140
Mechanics’ (Bklyn)' 50
130
1 Atchison & Topeka
80
80*8
Cons., 5s, 1920
Mercantile
60
70
, 50
175* Phila. Newt. & N.Y.—Is:
Boston & Albany
175*4
110
Merchants’
1 50
100
| Boston Clinton & Fit ebb.
Phil. & R.—1st, 6s, 1910..
Montauk (Bklyn.). J 50
105
110
1 Boston & Lowell
97
98
2d, 7s, coup., 1893
Nassau (Bklyn.)
140
150
J 50
156
Boston & Maine
155*4
Cons., 7s, reg., i911
N ationai
95
j 37*2 90
Boston & Providence....
160 1
Cons., 7s, coup., 1911..
N. Y. Equitable
I 35 145 150
59*2
60*
Cheshire, preferred
Cons., 6s, g., LR.C.1911
N. Y. Fire
! 100
80
70
58
Chic. & West Michigan..
Imp., 6s, g., coup., 1897
N. Y. & Boston
! 100
10
5
I Ciun. Sandusky & Cleve
23
Gen., 6s, g., coup., 1908
New Yrork City
100
60
65
1 Concord
101
101*2
Gen., 7s, coup., 1908—
160
50
150
Niagara
1 Connecticut Fiver
163*
Income, 7s, coup., 1896
North River
103
108
25
I Conn. & Passumpsic
90
Cons. 5s, 1st ser.,c., 1922
Pacific
170
25
160
Connotton Valley
Cons.
5s, 2d ser.,c., 1933
Park
•’ 100
110
118
*46*
Conv. AdJ. Scrip, ’85-88
Peter Cooper
20
158
165
I Eastern, Mass
Debenture
coup., 1893J
50
108
116
People’s
1
119
118
Deb. coup, off, 1893 ....
Phenix
145
50
140
26*2
25*4
Scrip, 1882..
Relief
50
55
60
1 Preferred.
98*2 93a4
Conv., 7s, R. C., 1893..*
LOO
75
85
Republic
121
Gulf—Pref. 120
Conv. 7s, coup, off, 1893
120
140
25
Rutgers’
| Common
Conv. 7s, cp.off, Jan.,’85
Standard
50
100
105
.
Star
1
40
50
Gas and
City
|
j
Co.-Gs*’97.
Catawissa—1st, 7s, con. c.
Chat. M., 10s, 1888
New 7s, reg. & coup—
Chart rs V.—1st, 7s. 1901
Connect’g 6s, cp., 1900-04
Delaware- 6s, rg.& cp ,V
Del & Bound Br —1st, 7 s
East Penn.—1 st, 7s, ) 888
Cam. & Burl.
—
102
135
20
50
170
160
140
110
120
90
230
210
70
90
117
70
90
115
180
135
110
250
150
no
180
176
105
160
il2*a
112
92
13
..
25
Prodace*
25
17
20
70
100
Broadway
Brooklyn
Citizens’
...
1
100
100
Metropolitan
Murray Hill*
1145
Atcli. & Topeka—1st, 7s.
Land grant, 7s
Atlantic & Pacific—Gs
income
Boston & Maine—7s
Boston & Albany—7s
Gs
Boston & Lowell—7s
102
....
100
25
Mechanics’* Trada’
Mercantile
American
50
Amor. Exchange... 100
25
Bowery
j Ask.
120
Atl.—lst,78,g.,’93
2d, Gs, 1904
Cons., 6 p. c
,
50
100
Mechanics’
Bid.
BOSTON.
Ask.
Bid.
I.
1
-100
Market
Par.
SECURITIES.
Cam. &
|
PRfCE.
| Ask.
Bid.
SECURITIES.
[Prices by E. S. Bailey, 7 Pine St.]
PRICE.
COMPANIES.
Marked thus (*) are
191
49
55*8
15*2
SO*
106
106*a
7534
105
101*8 101*2
74*4 74*
103
122
122*
103*2 103*
114*2
114
110*4 111
112*2
110
133
103 34 101
132
54 u
54*2
94
117*2 118
93 V
lOS^ 109*2
1007? 101*4
124*2 125*
7s
1C9
$ Ex-rights.
192
THE
CHRONICLE
RAILROAD EARNINGS,
:
The latest railroad earnings
latest date are given below.
K.CFt8
and the totals from Jan. 1 to
New York City Banks.—The following statement shows
th «
condition of the Associated Banks of New York
City
for the
week ending at the commencement of business on Feb. 10:
Average
Latest
Earnings Reported.
Jan. 1 to Latest Date.
Banks.
Roads.
Week
Mo
1883.
1885
1883.
18S2.
S
$
$
60,574
84,131
62,540
232,364
19,305
13,846
130,927
93,031
77,309
Janilary...
January., j 1,718,000 1,829,469
tl6,550
111,317
Charl.Col.&Ang. 1st wk Feb
244,112
208,746
Cheeap. & Ohio. January...
128,595
Chicago <fe Alton 1st wk Feb 128,793
25,256
Chic. & East. Ill. let wk Feb
35,789
77,309
1,718,000
87,168
244,142
766,687
Chic.&Gr.TruuK
Chic. Mil.&St. P.
Chic. & Northw.
Ch.St.P.Min.&O.
Chic. & W.Micli.
Oln.Ind.St.L.&C.
f01«v.Akron&Co)
Oolumb.&Green.
Col. Hock.V.&T.
Denv. & Rio Gr.
©ea Mo.& Ft. D.
©et. Lan. & No..
Dub. <fe Sioux C.
Eastern
E.Tenn.Va.&Ga.
Eliz. Lex. & B.S.
Evansv. & T. H.
Flint <fe P. Marq.
Ft.W. & Denver.
-Grand Trunk....
.
or
84.131
34,962
■CAla.Gt.Southera
Bur.Ced.R.&No.
Oent.Br.Un.Fac.
Central Iowa....
Central Pacific.
.
January...
IstwkFeb
1st wk Feb
Wk.Jan.27
1st wk Feb
1st wk Feb
1st wk Feb
4th wk Jan
January...
1st wk Feb
Ist wkFeb
1st wk Feb
2d wk Feb.
3d wk Jan.
4th wk Jan
3d wk Jan.
31,865
352,643
377,400
73.600
36,372
218,599
tl8.387
44,058
109,000
4,379
34,460
1st wk Feb
January...
73,215
47,330
1st wk Feb
13,163
15,718
4th wk Jan
61.875
52,276
4th wk Jan
Wk.Feb.3..
6,500
313,016
3,147
289,15 i
IllinoisCen.(Ill.) January...
Do
(Iowa) January...
162,015
43,259
24,848
531,262
119,948
28.371
269,225
Mernp. & Chari. Januarv...
112 996
240,132
101,115
Mexican Cent.. 3d wk Jan.
Do
No.Div Ithwk.lau
Mil.L.Sh.& West 1st wk Feb
Mo. Kan. <fc Tex. 1 st wk Feb
29,773
3,950
R.&N.CoJ January,..
Peo. Dec. & Eve. 1st wk Feb
Bichw.& Dan v.. 1st wk Feb
St. L.Alt. & T.H. 1st wk Feb
16,435
87,592
119.223
216,608
258,266
113,268
159,67 6
25,504
9,882
378,600
9,590
t67,100
213,841
98,349
67,200
23,882
7.661
393,389
18,559
150,300
25,921
25,538
(brchs.) 1st wk Feb
12,850
St. Louie & Cairo 4th wk Jan
8t.L.IronMt.&8. lstwk Feb
8t.L.&8an Fran. 1st wk Feb
St. Paul & Dul ..1st wk Feb
8fc. P. Minn.& M. 1st wk Feb
8cioto Vallej*... IstwkFeb
Texas & Pacific 1st wk Feb
Tol. Cin. &St. L January...
Union Pacific... 9 days Feb
9.353
14,865
9,284
89,633
©o
Vicksb’rg& Mer. January...
Va. Midland
1st wk
Wab.St.L.A Pac. 4th wk
West No. Car... 1st wk
Wisconsin Cent. h st wk
Feb
Jan
Feb
Jan
Latest
Roadc.
121,807
53,375
13,697
90.132
8,560
89,979
80,002
430.000
51.138
tl5,534
372,045
t3,743
21,896
63.567
13,551
114,562
8,927
1882.
..
....
*
450.000
North America..
Hanover
People’s
200.000
700.000
1.543.500
3,001,100
l.OOO.OOO1
8,494,000
3.399.900
12,729,000
2.415.300
2.201.100
28,710
71,934
166,036
401,361
67,432
152,132
55,371
,
35,407
164,433
1,3S4,225
112,996
149,964
1,204,659
101,115
79,291
665,211
859,594
216,608
258,266
113,268
470,666
75,582
46,935
378,600
60,073
326,857
149,375
83,010
30,375
787,065
331,696
85,195
579,895
47,175
624,508
81.728
487,75 *
671,899
159,676
213,841
98,349
312,569
90,354
39,711
393,389
86,314
339,923
132,766
81,815
32,452
606,002
320,351
79,143
510,023
44,680
342,046
tl,475
1,307,783
23,833
83,614
1,229,965
14,517
15,926
21,896
15,926
Atch.Top.&S.Fe November. 1,331,470 1,303,385
Buff.Pittsb&W.* December.
57,305
oo,o3o
Central of Ga... December.
462,627
410,172
Chic. Bur. & Q.. November. 2,199,421 1,816,133
Cincinnati South December.
208.814
236,599
Connotton Val.. December.
20,612
12.724
Danbury & Nor. December.
15,190
©env.& R.Gr.W. December.
31,900
Hous.& Tex.Cen December.
430,182
376,877
Louisa. & Mo. R. November.
59,102
42,041
Mar. Hough. A O. December.
19,000
23,000
Mexican Nat’].. December.
67,204
Minu.&St. Louie December.
147,761
126,594
Nashv.Ch.&St.L December.
186,352
173,127
N.Y. L.E.& West. November. 1,818,824 1,715,469
Northern Cent.. December.
490,003
476,623
•Ohio & Miss.... December.
348,488
355,622
Oregon & Cal... November.
112,0001
Oregon Imp. Co. December.
271,2091 238,676
December. 4,157.169! 3,731,751
Pennsylvania
JPhiladelp.&Erie December.
335,512
282,772
Phila.& Reading December. 1,795,371 1,850,889
Do Coal & Ir. December. 1,069,829 1,380,788
8t.Jolmsb.&L.C. November.
24,584
19,489
South Carolina. December.
149,010
126,061
Utah Central... December.
117,245
156,742
West Jersey
December.
72,931
375,823
69,433
2,560,000
47.309
Jan. 1 to Latest Date.
1882.
1881.
$
13,296.823 11,125,756
767,435
598,968
3,175,389
3,748,655
499.022
1,197,426
446,702
903,519
1,933,047
2,075,258
5,866', 176
5,443,700
49,079,826 44,124,178
4.011,413 3,454,309
21,834,598 20,776,101
15,099,085 14,096,941
198,105
241,132
1,313,746 1,245,235
1,508,660
1.109,879
938,52@
Coins.—The following are quotations in gold for various
3 83
X X Reichmarks. 4 73
X Guilders
3 96
®$4 87
® 3 87
®
®
4 77
4 00
Span’hDoubloons.15 55 ®15 75
Mex. Doubloons..15 50
Pine silver bars
Fine gold bars—
Dimes & *3 dimes.
..
®15 65
® 1 107s
par® *4 prem.
99
par
1 10
—
5,000.000
.
5.000.000
1.000.000
Broadway
Mercantile........
Irving
Metropolitan
....
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ & Tr„
Park
Wall St. Nation’l
North River
Bast River
Fourth National.
Central Nat
Second Nation’l
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
Bowery National
500.000
3,000,000
000,000
500,000
500,000
500.000
500,000
1,000,000
1.000.000
Total
Silver *4fl and *«8Five francs
Mexican dollars..
Do uncommerc’l.
—
—
—
—
993i®
92
86
85
English silver.... 4 75
Prus. silv. thalers.
U. S. trade dollars
U. 8. silver dollars
—
—
—
68
®
®
®
coins:
par.
95
611.400
801.800
224.800
300.00C
750,000
500.000
1,000,000
300,000
250.000
4,820,800
347.700
10.OOC
214.000
15,328,700
51903,000
1.415.400
1.910.400
3.471.400
100,000
200,000
500,000
300,000
-86*41
86
® 4 83
®
99*4®
99% ®
—
—
70*41
995s
par
2,000
937,800
900,000
799,400
900,000
45,000
5,400
180,066
436.000
2.180,000
270,030
2%410,80C
2.037.800
3.180,000
423,900
4*0,000
3.305 500
0.630.500
1.953.300
4.000
434,7CO
3.937.000
270,000
21,750,000
1.308,403
23.349.400
145.400
45,000
1.721.100
1.494,000
1,(41,600
221.000
17,982,500
539,9)0
4,738.200
158.9,10
640.800
1,052.000
1.231.060
505.000
813.0)0
113.500
489.000
393.000
431,101)
769.400
146.70C
231.500
242,000
1.884.500
13.900
220,400
1 875.900
180,000
195 3)0
491.800
72.500
1,080 900
547.500
429.00C
135.80C
1.908.400
1.712.70C
1.610.100
4.717.300
1.417.500
200,000
128,006
530,000
21,300
2.631.400
2.509.500
.
5,120,500
08.700
1.720.600
2.420.500
5.217.500
1.939.800
300,000
80.000
749.000
234,800
10.414,000
231,000
87,000
1.700.300
281,700
788,3)0
1,658.800
902,000
193.200
2.350.300
1.287.706
4.484 200
9,037.000
9.889.700
4.070.000
6.180.000
2.302.300
8.489.700
3.905,000
1.696.1 Q0
3.044.000
8.859.100
3.447.500
340.400
18,754 5)0
1.031,100
1,543,000
1.217.100
10,600,400
7,116,000
3,405,000
6.379,700
200.000
751.000
3.158.700
1.045,000
275.100
433.100
233.100
547.200
178.800
572.000
391.000
'175,503
2.858 200
208.000
754.800
158.400,
184.200
230.500
89.300
203.000
738.300
1.209,100
567,300
2,106.000
1,100
207,600
1.293.300
670,000
681.100
102.700
285.000
859,800
12.673100
105.500
792.000
104.100
218,000
180,000
217.100
379.700
192.000
£01,300
1,474,800
5.607.400
2.113.100
3,412,000
19.599,900
210.000
250.000
3,200.000
2,000.000
f
9.172.000
5.031,000
5.423,900
6.752,000
4.312.400
7,216.200
2.446.000
9.200.500
2.073.800
240.800
126,000
936.100
2,813.000
4.461.800
500.000
7.860.006
3.950.000
6.501.400
16,117.000
6.325.700
1,090,400
41.900
207,800
1.920.400
0.058,000
2124,4 0
1,842,5 0
112 000
190.100
51,000
297,000
90,000
£81,300
45,000
133.800
919,600
216,000
4.895.500
450.0C0
248.700
154.300
1.590.700
45,000
1.819,50)
60.962,700 321,491,200 62,402,500 21,794,800 311,110,400 10,483.700
The deviations from
returns of previous week are as follow® •
Inc. $5,030,400 | Net deposits ...
Inc. 13,928,200
Inc.
797.300 Circulation
Dec.
181,500
Dec. 1,235,000 i
Loans and discounts
Bpecie
Lesral tenders
The following are the totals for three weeks:
Loans.
t
1883.
Jm. 27....310,905.400
Feb.
3 ...316,460,800
““
“
10....321,491,200
Boston
1883.
Jan. 29..
Feb. 5..
“
12..
*
Specie.
L. Tenders.
f
S
Deposits.
S
03,937,700 23,35\400
01,605.200
62,402,500
23.030,400
21,794,800
Banks.—Following
Loans.
t
Specie.
150,547,400
7,051,900
7,425,800
0,011,800
151.008,000
150,821,200
Circulation. Aw. Clear.
t
S
309,126,100
307,182.200
10.935,800 738.001.941
10,045,200 733,749,830
311,110,400
16,403.700 857,489,845
the totals of the Boston banks.
are
L. Tenders.
%
Deposits.* Circulation. Agg. Clear.
t
%
5,314,800
5.263,900
4,883.000
t
$
94,407,800
94.680,700
93,099,200
08.837,941
08.959,173
70.e84,277
29, *23,900
26,768,500
29,911,300
due to other banks.”
Including the item
Philadelphia Banks.—The totals of the Philadelphia banks
are as
follows:
%
Loans.
1883.
Jan. 29
Feb. 5
12
Unlisted
L. Tenders.
Circulation.
f
Deposits.
*
*
*
74.615,037
74,728,573
75,342,721
19.940.622
67,418.238
20,199,710
68,125.762
19.417.440
00.491.944
Securities.—Following
Bid. Asked.
Atcli. Col. & Pacific...
*
15
Atl. & Pac.—6s, 1st
91
97
Incomes...
17
Cent. Branch
84
75
Cent. Br. Incomes... 18
Bost.H.& E.—New st’k
*2
%
Old
%
%
20
B’klyn El.—Ass’t paid. 10
9
20
do
Scrip stock
1st mort'
do
27*2
Buff. N. Y. & Pli
36
55
60
96
95*2
Cal. & Chi. Ca’l&Dk..
29%
Chic & Atl.—1st mort. 95
a
„
„
•
•
•
....
•
•
•
•
•
•
•
.
-
•
•
•
2*4
Denver & N. Orleans.
Den.& R.G.R’y—Cons. 85
Denver .&Rio. Gr.West 22
69
450
Ga. Pac. R’y., 1st in..
Gal. Har. & S. Ant
25
Ind. Dec. & Springf...
2
1st mort. fund
Intern’l Imp. 80 p. c.. 48
Mex. Or. Interocan’o
& Internat. scrip..
4
6
8
Lehigh & Wilkesb. Co.
9
28
•
•
•
•
Subsidy scrip..;
16*2
M. K. &. T. ino
35
1
Newb. D’tch& Conn..
2*fl
15
40
.
71*e
M.U.St’kTrust Certs..
scrip.
...
3*2
50
87
26
49*4
—
—
319.200
2,803,000
2.392.800
300.00C
400.000
1,500.000
2.000.000
..
412.800
068 200
5.572.600
422.700
N. YorkCountr..
Germ’n Americn
Chase National..
Fifth Avenue....
German Exch.
Germania
TJ. S. Nat
Lincoln Nat
397.400
3,511,000
2,199.000
2.791.300
1,500.000
Republic
398.400
„
4.302.800
6.403.500
Uon.
447.900
128.000
422.000
90,000
91,900
514.400
314.800
129.700
127.000
88.000
168.200
577.000
4,076.700
11,610,000
15.101,200
1,000,000
Pacific
1,401,700
782.400
*1,161,000
CirctUa.
520.000
330,000
005,700
783,000
312.700
160.000
23.400
447.200
230.000
874.000
000.000
300.000
8GC.000
other
than U. S.
t
1.80^,000
914,000
Net dep'ts
Tenders.
1,191.000
811.700
1,028 000
989,200
3,030,100
amount of—
Legal
Specie.
4.159.900
1.740.500
.
Not including Oil City & Chicago Road,
..$4 83
1,000,000
300,000
200,00c
200,000
.
19,523,744 19,270,965
2,543,356
t Freight earnings only.
Sovereigns
Napoleons
12,683.000
8.504.300
Chatham
80,002
2,162,000
51,138
112,484
1881.
300.000
1.000.000
.
“
Week or Mo
7.123.600
3.218.500
1.600.500
299,390
51,836
69,433
597,000
47,309
t7,593
Earnings Reported
2,747,000
1.000,000
1,000,000
000,000
67,660
224,625
95,209
15,617
13,910
111,162
127,053
Tradesmen’s..
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’]
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich..
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch
Commerce
1.000,000
49,894
245,282
366,125
47,330
66,234
190,554
26,000
1,568,958
26,973
162,015
222,850
28,087
30,807
35,177
3.000,000
City
2.438.900
5.145.100
3,591, LOO
43,521
89,464
266,205
622,800
249,933
273,622
60,301
157,510
37,613
22,600
Long Island.... IstwkFeb
2,000.000
1,200.000
112,839
96,695
191,826
272,709
54,109
33,399
Louisv.<fe Nashv. 1st wk Feb
9,620,000
7.003,000
6.842.800
7,715.000
4.267.800
9.725.500
2,000,000
2,050,000
2,000,000
14,455
348,900
272,709
37,613
22.600
New York
Manhattan Co..
Merchants
Mechanics’
Union
America
Phoenix
106,655
1,639,700
299,577
35.407
78.630
115,549
407,410
51.435
N. Y.& N. Engl’d: January...
Norfolk <fc West.;3 wks Jan.
Northern Pacific 1st wk Feb
Ohio Cen tral.... j 4th wk Jan
Ohio Southern,. 1st wk Feb
208,746
714,425
181,253
119,948
407,410
Missouri Pacific.! 1st wk Feb
Ohio.. January...
Mobile
73,092
158.483
1st wk Feb
1st wk Feb
‘2d wk Jan.
L, Erie & West’n 1st wk Feb
L. R. <fcFt.8mith January...
luRk.M.Riv.AT. January...
20.436
55,371
1,829,469
588,261
January...
59,223
34.800
93.031
24,848
531,262
7,766
Loans and
discounts.
*
60,574
315,363
78,920
1,380,135
33,267
100,936
163,772
18,286
538,261
158,483
100,936
38,171
18,286
Capital.
1,787,179
2,022,330
401,000
106,128
218.599
40,491
84,483
265,022
686.600
24,626
44.015
97,900
245.282
16,820
165,197
189,844
1,573,000
8,469
113,915
January...
Gr.BayW.&St.l\ lstwk Feb
So. Div.
Do
Ind.-Blooi)).<& W
tnt. & Gt. North.
<fe Gulf
40,566
214,000
257,000
46,200
29,160
191,826
6,488
8,939
39,447
26,582
224,625
56,483
28,710
-GulfCol&San.Fe January...
H&nnibal&St.Jc IstwkFeb
Hous.E.&W.Tex January...
Oregon
[Vor. XXiVL
500
82
38
7
99
....
6
8
19
10*4
35
49 ^
45
20
....
5
20
50
are
Agg. Clea■.
*nnn
51,787.302
9.750,478
9,719,541
9.157.016
54.898)109
50,091,150
quoted at 38 New Street:
Bid. Asked.
N. J. & N. Y...
Pref
1st mort
2
20
105
N.Y.W.Sh.&Buff.—Stk
del.wh.iss.on old sub 31
5s
76*4
Subs. O. & W..85 p.c 76
N.Y. & Scranton cens.,
100 p.c,ex-b. & st’ek.
N.Y. Sus. <fc West.—Stk
Preferred
N.Y.Chic&St.L.
25
5
10
equip. 101
N.Y.L.&W.—5p.c.g.stk 83%
Guar. 1st
110
North Pac. div. bonds. 89%
No. Rlv. Const.—90p.c 105
Ohio C.—Riv. Div. 1st. 63*3
Incomes
13*4
Oregon Improvem’t... 86
1st mort
91*2
Oregon Sh. Line—
Subs. 80 p. c
105
Subs, ex-bd. & et*.... 42
$10,000 Blocks ex¬
bonds & stock
Or.Trans-C.-Sb. 80p.c.
Pensac. & Atl.—1st...
Rioh.&D.Ext. subs.70^
Roch.&Pitts. cons., 1st
San Ant
St. Jo. & West
42
93
78
50
87*2
2o
5
Tex.&Col.Imp.—60p.c 95
Tex.&St.lst.M.&A.Div 65
U. S. Elec. Light
130
Valley RR. of O.-1st. ....
Vloksb’g & Meridian.. 3
Pref
1st mort
2d mort
Incomes
33
76%
76%
7*a
17
84
’
110*2
90
106*2
64*4
13*2
89
91%
50
94*4
80*4
58
89
38
72
150
105
3H
12,
96*’
53
25
31%
92%
01
THE
17, 1883.J
February
1879.
Investments
AND
STATE,
CITY AND CORPORATION FINANCES.
Investors’ Supplement contains.a complete exhibit ■ of the
Rinded Belt of States and Cities and of the Stocks and Bonds
'The
Companies, It is published on the las
of Railroads and other
Saturday of every ciher
month—viz., February, April, June,
August, October and December, and is furnished mthout extra
charge to all regular subscribers of the Chbonicle. Single copies
are
told at $2 per copy.
$
Advances on coal royalties
605,326
Miscellaneous assets
4,480,701
Telegraph and Car Co....
69,410
Supplies on hand
878,000
Cash and hills receivable.. 3,140,116
Profit and less
1,208,726
Total assets
Liabilities—
Stock
1882.
$
$
615,514
625,073
2,985,349 *3,658,429
' 69,410
69,410
69,410
1,148,322 1,408,449
962,130
3,785,656
3,884,088
2,609,203
s.
40,981,301 41,041,614 40,902,484 41,087,986
$
$
$
$
Total liabilities
40,981,301 41,041,614 40,902,434 41,087,986
followinar: Jefferson RR.
consols (1.701), $1,701,000;
sundry bonds $64,538; 8,540 shares Albany & Susquehanna, $854,000;
8.241 shares Rensselaer & Saratoga, $824,100; sundry stocks, $129,791..
REPORTS.
Norfolk & Western Railroad Company.
{For the year ending December 31,1882.)
The brief annual report of this company, just issued,
1882, has the
1881.
$
613,181
4,294,706
20,000,000 20,000,000 20,000,000 20,000,000
Bonds
19,837,000 19,837.000 18,843,000 18,763,000
Miscellaneous accounts... 1,144,301 1,003,827
823,053
836,899
Profit and loss
200,786 1,236,431 1,488,087
Delaware & Hudson Canal.
year
1880.
♦These miscellaneous assets include the
bonds (85), $85,000; Albany & Susquehanna
ANNUAL
;
193
CHRONICLE.
following :
(For the
for the
year
ending Dec. 31,1882.)
The annual report of this company states that “the earnings
of the road, although in excess of the year previous, have been
diminished by two causes. First, the drought, which prevailed
during a large portion of the latter months of 1881, destroyed
“Coal produced at the mines of the company, 3,203,168 tons ;
transported for others, 516,154 tons—total, 3,719,322 tons. The
gross receipts were, $15,573,927 ; expenses, $10,422,324; net, to a great extent the agricultural products of the country
15,151,602 ; less taxes, interest and rentals, $3,313,401; leaving tributary to your road and its connections, and thus very
surplus, $1,838,201, or about 9 2-10 per cent on the capital largely diminished its revenue from that source. This failure
stock.
“Under the
policy of restriction, the mines were closed fortyeight days during the year, and a nearly uniform price for coal
was maintained.
There was a large increase in the gross earn¬
ings of the railroads.
Owing, however, to unusual expendi¬
tures on the permanent way, the expenses were likewise larger.
Tnirty-nine hundred and sixteen tons of steel rails and four
hundred and thirty-one thousand five hundred ties have been
placed in the tracks, which are now in first-class condition.
Notwithstanding this large expenditure, the lines have been
self-sustaining. The great advantage of the possession of the
leased lines is evidenced by the fact that the total tonnage and
sales upon them and their branches in 1872 was only 116,283
tons, while in 1882 they were 750,855 tons, the profits upon
which are added to the revenues of the company, and there is
every reason to believe that the future will show a further in¬
crease.
c
“To meet the
increased business
hanna Road, that
on
the Albany & Susque¬
portion of it between Quaker Street and
Ninevah, 93 miles, is being double tracked. Eighteen miles,
making a total of fifty miles, were completed during the year.
There has also been added to equipment in 1882 twelve locomo¬
tives, nine passenger cars and one thousand coal and box cars.
“It must be noted that the bonds of 1884 fall dus in July of
In accordance with the resolution of stockholders
meeting in reference to the retirement of bonds,
the following plan lor their redemption is suggested by your
managers, and will be submitted to the stockholders at the
annual meeting in May.
This plan proposes an increase of the
capital stock to thirty millions, such increase to be offered to
the stockholders pro rata at par, and with the condition that,
if authorized, it shall be used only to retire bonds as they
mature; that is to say, three millions five hundred thousand
to be issued in 1884, one million to be issued in 1887, and five
millions five hundred thousand in 1891.
Under this plan the
bonded debt of the company will be reduced to ten millions,
and as the rate of interest now paid upon the bonds to be re¬
tired is seven per cent, it follows that such charge will be ap¬
propriated to dividends upon the stock, so greatly adding to
its investment value, and at the same time strengthening the
financial position of the company.”
The statistics of income, &c., for four years, compiled in the
usual form for the Chronicle, make the following exhibit:
that year.
at their last
INCOME ACCOUNT.
1879.
1880.
Receipts—
$
$
8ales or coal
5,764,477 7,210,524
(’anal tolls
42,810
41,025
Miscellaneous profits
93,516
91,408
Coal on Land (Dec. 31)
727,283
535,264
Railroad earnings in Penn.
595,663
561,948
Profit
on
1881.
1882.
$
9,328,763
58,400
243,537
345,075
805,914
$
8,993,540
60,007
187,363
492,924
812,455
8,465
301,858
249.497
leased lines
Interest on investments...
Balance
326,635
630,643
Total
7,985,118
$
w)alon hand Jan. 1
673,651
liming coal
3,003,893
Coal
transportation, &c...
641,951
exP8* • * • 1,764,195
1,234,449
Taxes and miscellaneous.
350,916
Loss on leased railroads...
316,059
Disbursem en ts—
luterestfigkt au<^
Balance
T°tal
.
7,985,118
312,243
8,948,327 11,083,547 10,804,251
'
$
345,075
596,827
1,568,245
$
727,284
3,985,304
755,331
1,737,979
1,343,973
1,374,784
366,578
14,642
1,351,429
400,401
1,680,192
1,312,083
407,756
2,102,464
1,838,201
$
535,264
3,171,369
4,422,213
798,701
8,948,327 11,083,547 10,804,251
general balance at close OF EACH FISCAL YEAR.
.
1879.
$
.
Awetscanal, <fcc
RaUr°ad and
g 339 210
equipment!! 6*.220^669
Restate.....
Mines and fixtures
uoaLyard, barges, &c
8,795,657
2,699,590
720,487
a&& Susquehanna RR. 1,022,293
Susquehanna...
York & Canada RR.. 3,597,074
300,000
Sharon RR.
ffeyYal.A Edward RR
SjJen.& Meehan. RR
31
Advances to leased lines..
535,264
368,773
1880.
1881.
1832.
$
6,339,210
$
$
6,339,210
6,581,070
6,414,759
8,846,316
2,713,957
746,791
1,022,938
6,339,210
6,456,258
9,027,804
2,729,311
690,397
1,022,938
1,074,808
3,597,074 3,597,074
300,000
300,000
16,146
200,773
345,075
727,283
400,015
608,894
9,044,17 >
2,751,236
683,185
1,022,938
1,008.787
3,597,074
300,000
48,296
210,922
492,924
637.605
of the crops was felt during the entire Season until the latter
part, of the past year. Second, by insufficient equipment. The
revenues of the company would have been greatly increased
after the opening of the autumn business had it possessed a
more abundant supply of rolling stock.”
*
*
*
“Improvements of a permanent nature have not only ex¬
hausted the ‘ Improvement and Construction' fund which was
provided, but have caused an excess of expenditure amounting
Nov. 30 to $195,433.
Finding the need of money for this and
other purposes, the company negotiated the $500,000 general
mortgage bonds which had been reserved, and in January, 1882,
placed the proceeds in the treasury of the company.” * * *
In the first annual report of this company reference is made
to dividends, and the board of directors report that at the
commencement of the past fiscal year there remained iu the
treasury a sum amounting to $530,589, the net result of the
operations of the company to Dec. 31, 1881. After due consid¬
eration it was deemed advisable to commence the payment, on
the 15th of March, of quarterly dividends, at the rate of $1 per
share.
Of these dividends four have been declared and paid,
amounting to $600,000. * * * The amount to the credit of
dividend fund remaining Dec. 31, 1882, is $371,782.
“In order to provide additional means for the purchase of rolling
stock, your company negotiated a car trust known as the ‘Nor¬
folk & Western Car Trust' (The Fidelity Insurance Trust &
Safe Deposit Co. being the trustees) for the sum of $500,000,
“
principal and interest being divided into payments running
a period of 72 months, notes being payable monthly.
On account of this, notes amounting to $27,620 have already
been paid by your company, in addition to 10 per cent upon the
cost price of the property purchased, and so far delivered under
*
*
*
this trust. ”
'
the
through
'
“
It
was
believed that the New River Division would be com¬
pleted and in full operation before the making of this report,,
but difficulties were encountered in the construction of the line
that have very considerably delayed the work. Upon the 31st
ultimo the entire line was graded, track was laid upon fifty-
eight miles, and thirty-eight miles were fully ballasted and
ready for operation. Most of the necessary stations and build¬
ings are under way or fully completed. The line has been,
constructed in a most thorough and substantial manner, with
the view not only of accommodating its own heavy traffic, bu
of ultimately forming a connection with lines of railway, which
are now contemplated or in course of construction, from the
Ohio River to the terminus of the New River Division of your
road at Pocahontas, thus forming a through line to the West
and Northwest. Such a connection would prove valuable to
it would furnish for transportation grain,
provisions," &c., for foreign shipment at Norfolk.” *
your company, as
Legislature, at its last session, granted a charter incor¬
porating the ‘Norfolk Terminal Company.' Under it an or“
The
istinct organization,
fanization
was duly effected.
Although
is a separate
and itownership
yet the control
is in and
the
The charter authorizes the owner¬
ship of land, the construction and operation of a line of rail¬
road, the building and operating of wharves, storehouses, cot¬
interest of your company.
grain elevators, chartering of vessels, &c., &c.”
N. & W. company of those which
comprise the New River Division was effected, by virtue of acts
of the Virgiuia and West Virginia legislatures, on the 9th day of
May, 1882. “ Your company, by the terms of this consolidation,
may increase its capital stock to $29,000,000, of which there has
been issued, in additton to the original issue of your company
at its organization, 30,000 shares of preferred stockr This
ton presses,
The consolidation with the
additional issue was made in
exchange for a like amount of the
preferred stock of the New River Railroad Company.
“Your company being the owner of the entire amount of
stock of all these companies, the Norfolk & Western Railroad1
Company became possessed of these 30,000 shares of preferreds
stock, and they now remain in the treasury of your compaay tobe used or disposed of as may be deemed best for the interests
of the company.”
The following statement will fully explain the present capi¬
talization of the company:
1.11
THE CHRONICLE,
STOCK STATEMENT JANUARY
Capital stock limited
1, 1883.
to
Preferred stock created
In treasury of company
Common stock created
“Oar gross earnings were diminished
crops, and our operating expenses
ment of these claims, both
$29,000,000
on
on
Authorized—subscription
R. E. C»
organization of company
3,000,000
Amount which may hereafter be created
3,000,000
drought along
4,000,000
fifteen
“
$29,000,000
After consolidation of these
companies was perfected, the
execution of a mortgage upon the new roads and
property thus
acquired, to the amount of $2,000,000, was authorized, with the
right in addition thereto to issue $25,000 of bonds for each mile
in excess of the first eighty miles constructed or
acquired, and
by subsequent agreement with the Fidelity Insurance Trust and
Safe Deposit Company, trustees, the whole amount to
be issued
under the said mortgage was limited to
$4,000,000.” * * *
SHENANDOAH VALLEY R R.
A close traffic contract for
exchange of business was exe¬
cuted with this
company on Dec. 29, 1882.
“For the purpose of
enabling the Norfolk & Western Rail¬
road Company to protect itself
fully in the performance of this
contract, the Norfolk & Western Railroad
Company accepted
from the stockholders of the
Shenandoah
new
18S1,
we
*
unnreeX??7;
unprecedented
purchased
on
passenger coaches, at $5,000
each, and thre^
postal cars, at $3,$00 each.
We purchased also
100 new
cars, at $512 50 each.
These cars were all
delivered and
for and the amount
charged in expenses of the
4,000,000
“
arising from the
our line.
In the month of
November,
^
by the failure of
increased bv the
staple
$15,000,000
1
organization of company
to which is payable in stock $. V.
lv°L. XXXVI.
early
“
Qlt
'^
C°^
pa^f
The disastrous floods of
February, 1882, in the Ohio*
other streams along our line, caused
us
damages
mate at about
$40,000, in addition to the loss of which I
traffic
was
large.
’
“The gross and net
earnings for the
here presented,
influenced
by the
mentioned:
following
a
w£
months
a r*
extraordinary can<Z
*
Earn ;n r/s.
^
October, 1881
Expends.
$243,440
$363,820
338,000
355,622
280,950
246,339
330,736
296,711
305,914
Nov mber, 1881
December, 1831
Jiiuuury, 1882
February, 1882
March, 1882
265 226
241,436
243,350
226,794
270,495
274,343
vef
811407 V
Hi’ioe
Sn
iqk??
37
Valley Railroad April, 1832
22’SS
subscription for thirty thousand shares of its com¬ May, 1882
253,683
mon stock, and
agreed to accept payment therefor in twenty Juue, 1882
295,690
236,911
thousand shares of the stock of the
5^773
Shenandoah Valley Rail¬
The payments of interest on the
road Company, provided a fund of at
bonds of the
least $900,000 should be accruing
company
during the above period were made at maturity.”
raised by the Shenandoah
* *
Valley
Railroad Company, in accord¬
Our traffic improved in
July, 1882 ; the Harvest was a
ance with the terms of the
traffic contract of December
one ; wheat and corn were
good
29,
both
1882. It was also
large crops upon our line.
agreed that further subscription could be
I give below the
made to the common stock of the
earnings
from
July to December, 1882 as
Norfolk & Western Railroad realized each month :
*
Company on behalf of the holders of the present issue of shares
of the stock of the Shenandoah
Earnings.
Expenses.
Xet
Valley Railroad Company, July, 1882
$364,116
$254,333
payable in the stock of the Shenandoah Valley Railroad
$109283
August,
18S2
443,833
Com¬
277,986
165 84pany share for share. This subscription to the common stock September, 1882
462,779
291.388
ni’sqo
October, 1882
will place in the hands ol the
457,335
296,692
16o'fU2
company at least twenty thou¬ November, 1882
392,574
sand shares out of
283,430
10(j’l43
thirty-seven thousand six hundred and sev¬ December, 1882
348,487
253,927
94/500
enty-four shares, the total capital stock of the Shenandoah
The earnings and
expenses for the past two years
Valley Railroad Company.”
ending6
Dec. 31, were as follows:
‘
The following shows the miles
operated qnd the. equipment
Company
a
“
“
“
t
,
in 1881 and 1SS2 *
Miles owned and
1881.
operated
Locomotives
Passenger, mail and express
Freight and all other cars
cars
1382
428
466
85
82
42
49
1,793
1,730
The earnings and expenses for four
years past were
1879.
Total gross earnings. $1,749,614
Operating expenses..
986,737
Net
earnings
:
1880.
1831.
$2,064,194
1,097,684
1882.
$2,267,289
$2,429,740
1,163,233
1;322,577
.
$.‘62,877
$966,510 $1,104,056 $1,107,163
The income account for 1882 and the
general balance at the
jelose of 1S81 and 1882 were as follows :
.....
INCOME ACCOUNT.
Receipts—
Net earnings
$1,107,163
63,389
—
Total income
$1,170,552
*
Disbursements—
Interest on debt
$729,359
609,000
Dividends
Total disbursements
$1,329,359
*$158,807
Balance, deficit
*
The surplus December 31.1881, was
$530,590;
for 1882 leaves net surplus December
deducting the deficit
31,1882, $371,783.
GENERAL BALANCE AT CLOSE OF
EACH FISCAL YEAR.
1881.
Railroad, real estate, b’ld’gs. equip., Ac.
$28,805,138
Btocks and bonds owned, cost
511,600
Car trust
Materials, fuel, Ac
Cash on hand
Other property and
Current accounts
88,015
238,028
106,214
assets
98,592
Total
$29,850,587
Liabilities—
Stock,
common
Stock, preferred, paid in
Interest payable
Lease
warrants on
Miscellaneous
rolling stock.
Total liabilities
*
239.760
*
327,722
267,332
179,413
$35,924,494
$3,000,000
10,778,600
*18,000,000
12,778,600
50,000
740,094
150,348
93,057
538,488
Profit and loss
1382.
$30,677,197
*3,680,670
552,400
$3,000,000
15,OOO.uOJ
Funded debt (see Supplement)
Bills payable
Current accounts
$29,850,587
647,091
331,517
243,103
552,400
37
i',783
$35,924,494
Includes $3,000,000 unissued preferred stock.
Ohio &
{For the
year
Mississippi.
ending Bee. 31, 1882.)
Mr. John M. Douglas, the
Receiver, has filed the following
report to the United (States Circuit Court:
“My receivership of the Ohio &
Railway com¬
menced ui on the 7th of October, A. D.Mississippi
1881.
“
The preceding summer,
upon the line of this road, had
been one of great drought and heat. Not
only had the harvest
failed, so that the country along the railway was destitute of
wheat and corn, but, in the parched condition of the
land, fires
had swept away fences, orchards and
meadows, and claims for
damages were pending against the company on account of
by engines. These claims were, on some partsof the
line, large in number and amount, an<$ as we were
liable for
damages arising in this way, large sums of money were
expended in settlement of them.
fires set
3,163,83 6
1881
$4,074,407
3,115,354
Net earnings
$1,061,663
$959,053
We have purchased
during the year 1882 4,852 tons of steel
rails, at a cost of $239,112 33, the price ranging from $60 to
$43 50 per ton. These rails have been laid
in the
track ondhe main line and Louisville branch. principally
In operating the
line we have been
singularly exempt from accidents. The old
claims and local indebtedness of the
property have been paid
up, enabling us now to pay
for all purchases.
promptly
The accruing interest for 1882,
amounting to $888,520, has been
promptly paid; we have also paid one of the deferred
“
coupons
Springfield Division bonds, being the coupon which fell
doe
May 1, 1878. Oar gross earnings during the year 1882 amounted
to $4,225,499, and our net to
$1,061,663. These results are
creditable in view of the failure in
crops, which affectedour
traffic for the first six months of 1882. With
harvests, I
Assets—
$1,225,499
on
1882.
Other receipts
1382.
Earnings
Expenses
ordinary good
this line cannot earn five millions
experience during the past year
my mind. We have the money and
see no reason why
of dollars per year
gross—my
leaves this impression upon
are now
paying (February 12, 1882', the deferred
second mortgage bonds which fell due October coupon upon
1, 1877, being
for $134,OCO. This payment leaves deferred
coupons unpaid
amounting to $683,000, which amount can probably be paid
during the present year with good harvests, thus leaving the
line nearly free from debt,
except its first, second and Springfield mortgage bonds.
Oar motive power and
rolling stock have been kept in good
repair during the year, and the track is in better condition than
it was at the
beginning of 1882. We have placed two hundred
and fifty thousand
(250,000) new cro;s ties on the track duriDg
1882. Oar yard room at Louisville
being insufficient for the
transaction of our business, we
purchased real estate for the
enlargement of our grounds there at a cost of ninety-two thou¬
sand v$92,000) dollars, which has been
paid for and charged in
the accounts of 1SS2.
The prices of wheat and corn upon the
line have been so much higher than the
prices in New York and
Baltimore, with expense of transportation added, that our ship¬
ments
“
to tide-water have been
small, and our traffic has been
almost exclusively local; however, better
prices for our products
in the East will
probably move the grain upon our line soon.
Schuylkill Navigation Co.
(For the year ending Dec. 31, 1882.)
At the annual
meeting held in the city of Philadel¬
phia, Feb. 13, a communication to the following effect was
received from Mr. Gowen of the
Philadelphia & Reading Com¬
pany, regarding the conversion of Schuylkill Navigation into
Philadelphia & Reading stock. “ Iq lieu of making a proposi¬
tion direct to your
company, I have t\o submit a request that at
your annual meeting to-day a committee of shareholders may
be appointed to confer with our Board of
Managers upon this
subject, with a view of agreeing upon such terms as may have
the approval of such committee of
your company before it ia
presented for ratification. If this proposition is regarded with
favor by your
company and the committee appointed, I have
also to suggest that the
meeting of your shareholders adjourn
to meet at your call in order to receive the
report of such com¬
mittee as I have herein
suggested shall be appointed.” Acommittee was
accordingly appointed. The annual report of the
directors gave the
receipts for 1S82 at $451,903, of which
February
THE CHRONICLE.
17, 18^3. J
*357,085 was on account of rent from the Reading receivers
under the lease of the Canal Company; $33,483 for sales of
Joans, and $46,000 for temporary loans. The payments, in¬
cluding interest on loans, office expenses, taxes and loans pur¬
chased, were $441,723, leaving a balance on hand of $10,180.
The Philadelphia & Reading Railroad Company under the ar¬
rangement made in the year 1877, by which they offered to
fund five years’ interest on the coupon mortgage loan of 1895
in 6 per cent scrip, have settled $5,700 since last report, making
in all $314,700 out of $360,000 settled for up to Jan. 1, 1883. No
dividends on the stocks payable in scrip were settled since the last
report. “ Under the arrangement by which the receivers of the
Philadelphia & Reading Railroad Company offered to purchase
the dividends on the preferred and common stocks of the com¬
pany, at the rate of one dollar a share per annum on the pre¬
ferred stock and fifty cents a share per annum on the common
stock, dividends amounting to $246,152 35 are reported as having
been purchased to Jan. 1, 1S83. The receivers also continued,
to
purchase the interest due
on
the boat loans, improvement
bonds and the coupon bonds of 1895, at the rate of 5 per cent per
annum, and report as having purchased to Jan. 1,18S3, $110,S95
of 6 per cent boat loan out of $113,497 50; $97,989 50 of 7 per
cent boat loan out of $109,917 50; $27,885 of improvement bonds
out of $34,200; $22,860 of coupon bonds of 1895 out of $36,000.”
GENERAL INVESTMENT NEWS.
195
which corporation it is
proposed to organize with 3,000 shares
of full-paid stock at $10 each,
1,000 bonds of $500 each, at 76
per cent, a total of
$410,000, and secured by
mortgage upon
the property of the Coshocton & Southern*
Railway
Company,
and by a lease in
perpetuity of the Coshocton & Southern Road
to the Connot ton
Valley Company, by the terms of which an
annual rental of 35 per cent of the
gross earnings is to be paid
to the Connotton
Valley
a
Company.
Georgia Pacific.—This company has its road in progress
and about 200 miles
already completed, as an extension of the
Richmond & Danville system. An official statement
recently
issued gives the following information : From
Atlanta to An¬
niston is 103 miles.
Of this there have been laid 100
miles,
a gap of 3 miles, the grading of which is done, and the
steel rails for which have
gone forward.
From Anniston to
the Coosa River is 23 miles, of which 20 miles
are graded, and
the balance will soon be done. From the
Coosa River to Bir¬
mingham is 41 miles, of which 11 miles have been graded, and
upon the balance of which large forces of laborers are en¬
gaged. It is expected that trains will run through from At¬
lanta to Birmingham by November
1, 1883. From Birming¬
ham to Columbus is 125 miles.
No work has yet been
entered upon from
Birmingham west; but from Columbus east
43/2 miles have been laid and 8% miles have been
graded; 13
miles additional are under
contract, to be completed in April,
on which
the grading-is well advanced. From
leaving
Columbus to
the Sunflower River, surveys have been
made,
but no work has been done. Between Columbus and
Aberdeen,
Buffalo New York & Philadelphia.—The board of direc¬ and Bexar Lake and
Aberdeen, surveys have been made and
tors of this new consolidated company met and
organized in some little grading has been done—this work, however,
being
Philadelphia on Feb. 14. A quarterly dividend of
per cent now suspended. From Aberdeen west to Grenada
surveys
was declared on the preferred
stock, which aggregates $6,600,- have been made, but no work has been done.
000, of which about $600,000 is in the treasury of the company.
There is a narrow-gange road
(formerly the Greenville
The various roads in the system will hereafter be known as Columbus &
RR.)
Birmingham
of
52
miles—say, 29/6 miles
follows: The River Division, from New Castle. Pa., to
Olean, from Johnsonville to Greenville, and a branch of 22% miles
N. Y.; Pittsburg Division, from Oil City to Buffalo, Titusville from Stoneville to
Sharkey. Ten and one-half miles of this
to Union City, and Mayville to
Fairpoint, N. Y.; Buffalo Divi¬ branch (from Areola to Sharkey) were built by this
company
sion, from Buffalo to Emporium and Larabee’s Pa., to Cler¬ since its purchase of the bonds and stock
of the Greenviife
mont; Rochester Division, from Olean, N. Y., to Rochester and Columbus &
Birmingham RR. Company. The old mortgage
from Nunda, N. Y., to Swain’s, N. Y.; Narrow
Gauge Division, bonds on this road have been taken up and canceled
by the
from Olean, N. Y., to Kinzua, Pa., and from
Eldred, Pa., to Richmond & Danville Extension Company, and the property is
Bradford.
covered by the Georgia Pacific
mortgage. There is also a con¬
Camden & Burlington County, N.
J.—Arrangements are necting road between the “Atlanta & Charlotte Air Line” and
reported as pending by which the Camden & Burlington the Georgia Pacific of say, 4 miles,
running around Atlanta.
County, the Pemberton & Seashore and the Philadelphia &
RECAPITULATION—MILES.
Sections.
Long Branch railroads will be consolidated into one company,
D-ist'ce. Laid. I
Sections.
DisVcc. Laid.
to Anniston— 103 100
whose track will extend from the
j Birmingham, westward 60
junction of the first named Atlanta
Connect’^ road Atlanta.
4
road with the old Camden &
Columbus, eastward... 65
43^
Amboy Railroad, two miles east of Anniston to Birmingb’m 64
| Greenville road
52
52
Camden, east to the seashore, and then north to Point Pleasant,
where it will connect with the New York & Long Branch
Rail¬
348 197
road. The new company will be known as the
The total cost of road and equipment, 348
Philadelphia &
miles, is estimated
Long Branch Railroad. Under the terms of the proposed plan at $7,035,000. of which $3,985,000 has
already been expended by
of consolidation, the stock of the Camden &
Burlington County the Richmond & Danville Extension Company. The following
Bailroad will be made preferred stock of the new
summary is
corporation.
Railway.—The
Wisconsin
& Minnesota Division 5
per cent bonds dated July 1, 1881, pay¬
able in forty years, Nos. 1 to
3,335 inclusive, $3,335,000, have
been listed at the Stock
Exchange. The application says :
Chicago Milwaukee
& St. Paul
This company have constructed a line of double track
road between
the cities of Sc. Paul and
Minneapolis, of about ten miles, including an
non bridge over the
Mississippi Kiver, at a cost of over $600,000. They
have also constructed a road from the Kiver
division, at or near Hast¬
ings, to Stillwater, of tweutv-five and a half miles. Also
from the River
division, on the opposite side of the Mississippi Kiver, to a point near
tue
Hastings & Dakota division at Nortlifleld, a distance of thirty-two and
a half miles.
They have also purchased of the Chippewa Valley &
Superior Railroad the line of road from Eau Claire and
Cbippewa Falls
to a point on the
Mississippi River, near the mouth of the
being seventy-five miles of completed railroad, and a Chippewa River,
bridge across the
Mississippi River to a point near Wabasha on the River
division, for
which $1,575,000 have been
paid in the 5 per cent bonds of this com¬
pany, known as the “ Wisconsin & Minnesota Division
Bonds.
Cincinnati Indianapolis St. Louis <fe Chicago —This com¬
pany and the Chesapeake & Ohio, the
Chicago Tribune notes,
have opened an office in that
city, and announce that they are
now
prepared to receive and bill freight via the Chesapeake &
Ohio to Newport News and
Europe, and that the rates to Newwill
be
the
same as to New York. The Chesapeake
P°nv
® Ohio6WS
has now in the course of construction in
England several
just-class
steamers, which will do its ocean business, and for
their
accommodation expensive and commodious docks have
Peen built at Newport News. The new route is but little
longer than via the New York trunk lines, and in
Johnsonville,
on
appended:
Atlanta to Birmingham, .171 miles, cost per mile
equ'pped...
Birmingham to Columbus, Miss., 125 miles, cost per mile
equipped
$20,921
18,793
Total issue 6 per cent first
mortgage bonds, interest paya¬
ble 1st January and July,
principal due January 1, 1922,
on 348 miles
railroad, as above, 'w $10,600 per mile
$3,480,000
Yearly interest required
Deduct from Greenville Road (N. G.), 52
miles, now earning
net per annum,
$510 per mile
26,520
Balance chargeable to 296 miles. Atlanta and
Road to Columbus, only $615 81 per mile
The Richmond & Danville
$208,800
Extension
Connecting
$182,180
Company—having
a
capital of $5,000,000, of which only $3,500,000 has been called—is
bound for the interest on these bonds
during the period of con¬
struction of the road.
A traffic contract has been made with
the Richmond & Danville Railroad
Company, under the terms
of which 20 per cent of “the entire
gross earnings received”
by
from an interchange of business with the Georgia
Pacific Railway Company, is set aside and paid,
monthly, into
the hands of the Central Trust Company of New York, trustee
as a guarantee fund for the
payment of any deficiencies in th
interest on these bonds. The bonds are earned
by the Rich
mond & Danville Extension Company, and are delivered to
by the Central Trust Company of New York, trustee, only .
the road is completed ia sections of 10 miles, thus
rendering it
certain that their proceeds will go into the work of construction
many respects
Advantage over the latter. It runs through a country and equipment.
tnat is almost
entirely free from snow during the winter
Hannibal & St. Joseph.—In regard to a lease or contract
months, and will therefore be able to
carry on its business when with C. B. & Q. and the Wabash
tne other
Company it is stated that the
routes are blockaded.
Besides, it will not find it neces¬ most feasible plan that presented itself was a joint lease of the
sary to charge
heavy lighterage and terminal charges, the road Hannibal & St. Joseph, by which the road would be
operated
unmng right to the steamers,which are owned and controlled
by in the interest of both systems connecting with it from
nisi
which will be a saving to shippers of about three
company,
at8 per
In adiition the project was broached of an extension
bushel, even if it does maintain the same rates to Chicago.
of the Hannibal & St. Joseph from Quincy to a connection with
ewport News as the trunk lines
the Wabash at Havana, Ill., in an air line, a distance of about
charge to New York.
Talley.—In Boston the Connotton Valley Railway 75 miles. A conference was held at No. 71 Broadway to con¬
inpany issued, Feb. 15, a circular
soliciting subscriptions to sider the subject. Mr. Gould appeared for the Wabash, Mr.
rolHam°?n^ $760,000, to be applied to the purchase of more Perkins for the Chicago Burlington & Quincy, and Wm Dowd,
atC\^ i°C!i’estaklishment of improved terminal facilities the President, and Mr. Carson, for the Hannibal & St. Joseph.
tb
* an<^
an extension from Coshocton to Zanesville, Mr. Sidney Dillon, the President of the Union Pacific, was also
"“^purposes there are to be organized, first, “The Boston present. The conference lasted for several hours, but nothing
eacV
^•ssoeiati°n»” with an issue of 14,000 sharas of $10 definite was done, and they adjourned to meet on Friday.
anrm’Ji an annual dividend of 8 per cent, payable semiIllinois Central.—The Illinois Central directors have declared
witb a
8econd» “The Cleveland Terminal Trust Association,” an extra dividend of 17 per cent, payable July r ext in the
°f 21,000 shares of
$10 each, with a like divi- shares r»f the Chicago St. Louis & New Orleans
Cimpmy, or
»third, “The Coshocton Southern
Railway Company,” seventeen shares of the latter company for every 100 of Illinois
Patton
-
ru
•
said company
.
!
Central.
CHRONICLE
THE
'-196
The
Illinois
Company
Central
took,
on
January 1, 1883, possession of the C. St. L. & N. 0.
Company (which owns the railway from Cairo to New Orleans)
under a lease dated J une 13,1882, for 400 years. By that lease
the Illinois Central agrees to pay the interest on the bonded
debt of the C. St. L. & N. 0. Co. and 4 per cent annually; on its
$10,000,000 of share capital. Those shares now sell in the
market at about 80. By the foreclosure mortgage sale and reor-
the Illinois
ganization of the C. St. L. & N. O.five
Co., millions
of theCentral
5 per
ompany became the owner of some
cent bonds of the former company and
55,700 of its shares.
Memphis & Charleston,—It is now reported that the nego¬
tiations with the lessee have failed, and that the representatives
of the Memphis & Charleston Company have decided to apply
to the courts for the appointment of a receiver to protect the
interests of the stockholders, and, following this, steps are to
be taken to set aside the present lease on the ground that it
was obtained illegally and that the management of the lessee
road has been such as to deprive the stockholders of dividends
and earnings to which they are properly entitled.
Milwaukee & Lake Winnebaaro.—This company has had its
stock and bonds listed at the Stock Exchange as follows : Com¬
mon stock, $520,000; preferred stock, 6 per cent cumulative,
$780,000; and first mortgage bonds, $1,430,000. Besides the
above, $520,000 in income bonds were placed on the free list.
The first mortgage bonds bear 6 per cent, and are payable July
1,1912. The incomes bear 5 per cent cumulative interest, pay¬
able July 1, 1912. Interest and principal are to be paid in full
before any surplus of net earnings is applicable to stock. The
application states that:
The Milwaukee & Lake Winnebago
formed under the General Railroad
equipment, franchises and property of every description, now owned or
hereafter acquired. The bonds are dated August 5, 1881; are payable
July 1,193 L; and bear interest at the rate of 5 per cent per annum nav
able semi-annually, January 1 and July 1; both principal and interest
payable in the city of New York, in gold coin of the United States of the
present standard of weight and fineness, or at the option of the bearer
of the coupon bonds, their principal and interest are payable at * the
agency of the company in the city of Loudon in sterling money of Great
Britain. The coupon bonds are of $1,000, or £200 sterling, eaeh and
are convertible in the city of New York into registered certificates of
$1,000, $5,000 and $10,000 each, the principal and interest of which
are payable in New York in gold coin of the United States.
The United
States Trust Company of New York is the trustee for the bondholders
By reference to the trustee’s certificate hereto attaohed. it is shown that
$30,250,000 of these bonds have be.en issued aud sold to subscribers un
to this date.”
*
^
*
Directors.—Horace Porter, R. T. Wilson. John W. Ellis. Charles Paine
H. Victor Newcomb, Frederick Billings Henry K. Mcflarg, Heury Villard, Charles Lanier, C. F. Woerishofter, John J. MoOook, George M
Pullman, Theodore Houston.
President—Horace Porter.
York City.
Northern Pacific—Union Pacific.—For the past few
for the
years from the Chicago Milwaukee & St. Paul Railway Company,
use of about thirty-three miles of track thence into Milwaukee.
Its
whole line from Neenah to Milwaukee is well equipped, and is now in
full operation as the trunk line of the Wisconsin Central
is leased for ninety-nine years to John A.
trustees in possession of tbe Wisconsin Central Railroad, a)id the Wiscon¬
sin Central Raili oad company. It has been built during the year 18S2,
in the interestof the Wisconsin Central for, and as, its outlet to Milwaukee
Railroad, and
Stewart and Edwin H. Abbot,
furnished with
side tracks and all conveniences for handling and moving
freight and passengers. The lessees pay, as rental, 37^ per cent of the
necessary
gross earnings made between Neenah and Milwaukee, until the annual
rental so paid amounts to the sum of $175,GOO per annum; but, whenever
the net rental in any one year exceeds that sum, tbe excess is to be di¬
vided equally between lessor aud lessees. The lessees also pay all taxes,
insurance and operating expenses, and maintain the property in firstclass good order and condition; and send over it all their business to and
from Milwaukee and points beyond, and use it as their permanent trunk
line for the term of the lease.
Morgan’s Louisiana & Texas—Southern Pacific.—The re¬
purchase of Morgan’s Louisiana & Texas Railroad by the
Central Pacific (Southern Pacific ?) Railroad Company comprises
144 miles of standard-gauge track from New Orleans to Vermil
liouville, Louisiana—branches, 105; total, 249. It also included
16 iron steamships, 5 of which ply between New York and New
Orleans, 9 between Morgan City and Louisiana and various
Texas and Mexican ports, and 2 between New Orleans, Florida
and Havana ports. The bargain was closed for $7,500,000, a
deposit of $50,000 being put up. Jay Grould was asked to join
the purchase, which he declined to do .—Evening Post, Feb. 16.
New York West Shore & Buffalo.—This company has had
its first mortgage bonds placed on the Stock Exchange list.
The application says:
cent
First—Upon completion of the Northern Pacifio Railroad to Little
Blackfoot, Montana Ter, a point about ferry-eight miles west of
Heleua, where it intersects the Utah Northern, and which point
wi 1 be reaehed some time in July, tlie Northern Pacific Railroad will
lay a third rail between Helena aud Little Blackfoot. The Utah North¬
ern will also lay a third rail between Little Blackfoot aud Butte City,
thus giving to each line a through rail connection to the most Important
cities of Montana.
The distance from Chicago to Helena
Northern Pacific Railroad will be
1.G48 “
By tbe Union Pacific
1,858 “
Second—The Oregon Short Line will be extended to Snake River, where
it will be met by tbe Oregon Railway & Navigation Company, and where
business of tbe Pacific Coast will be interchanged.
Third—Upon the junction of the Oregon Short Line with tlie Oregon
Railway & Navigation Company at
Pacific Coast and Salt Lake will be
Fourth—Freight between Colorado and the Pacific Coast will
Francisco.
Montana will make a
and fare to all impo-tant points
in that Territory. There will also be a large saving in distance, and
consequently a corresponding saving in time.— Evening Post Feb. 16.
„
Tbe opening of the Northern Pacific Road into
Ohio &
Mississippi.—John M. Douglas, Receiver of the 0. &
M. Railroad, has
for the month of
filed with the Unitea States Court his report
January, 1883. It is as follows:
RECEIPTS.
1883.
Cash
General Post-office
Total
length of road
With ample
sidings.
472
*******
“The entire line is under contract for completion in August next, and
the construction is progressing as rapidly as the season permits. 320
miles of track are now laid, aud the work between New York and Syra¬
cuse is so far advauced as to insure the completion of that section, com¬
prising, with its branches, 300 continuous miles of road, in March next.
The first train from Middletown was run January 8, to West Point and
through the tunnel at that place. The 77 miles from Weebawken to
are leased to the New York Ontario & Western. Railway
Company for 99 years, subject to the right of the West Shore Company
to run its trains over the 52 miles of road from Weebawken to Corn¬
wall. The Ontario Company pays tho West Shore Company as rental
25 per cent of its gross earnings from the road leased, which rental- is
guaranteed not to be less than $500,000 net per annum. ' *
*
*
“The equipment, now partially completed and to bo included in tbe
Middletown
property covered by the mortgage, amounts to a cash value of $6,000,*
OOO.
*
The amount of cash thus far actually expended for con¬
struction and in equipment between Weebawken and Buffalo amounts
to about $30,000,000. The cash subscriptions to securities, uow sub¬
ject to call as required for construction, are ample to provide for the
completion of this road from Weebawken to Buffalo.
Tbe capital 6tock authorized, in shares of $100 each, is limited to
$40,000,000, of which about $10,000,000 will be issued during the
current year and distributed to the 200 or more different parties whose
subscriptions will entitle them thereto.
J‘The total amount of bonds authorized is $50,000,000, all of which are
secured by a first and only mortgage covering the railway and all its
“
912
25,031
21,645
$813,297
$725,730
432,874
9,800
56,529
Individuals, railroad companies, &c
Express companies
,
Department
.Total
1882.
$304,101
350,235
6,720
41,147
1,871
$28-,148
band January 1
on
From station agents
Conductors
DISBURSEMENTS.
Coupon account
•$
.
1876
299,303
.
240,000
.
•
1,200
Interest
Pay-rolls
Total
.
$7,855
62,650
240,804
230,088
139,783
471
460
119,425
44,088
$813,297
$725,730
Philadelphia & Reading.—A decree was
Main line, double
47
will
large reduction in the rates of freight
Miles.
Total branches
also he
Fifth—Rates between all Eastern points and Portland, Oregon,
be
the same as between the same Eastern points and S m
Sixth—Rates of freight between Pacific Coast aud points in Montana
will be the same as rates from St. Paiil.
Arrearages
Cash on hand February 1
track: Weebawken, N. J., to BufFalo, N. Y
425
Branches, single track: Albany; Coeymans, N. Y.. to Albany. N. Y.. 13
Middletown; Cornwall, N. Y., to Middletown, N. Y. 25
Other branches
1)
Suako River, freight betweeu the
interchanged b3r the new roi.te.
interchanged by the new route.
Canal
the south side of the Mohawk River to Utica, and thence via
Oneida and Syracuse to Lake Erie at Buffalo, with a branch from Corn¬
wall on the main line to Middletown, aud with branches to the cities of
*•
Butte by the Northern Pacific
Vouchers prior to Nov. 18, 1876
New equipment
Vouchers subsequent to Nov. 17,
on
by tho way of the
..1,563 miles.
.1,951
By the Union Pacific
The distance from Chicago to
will be
StatcR of New York
and operation of a
in the State of New
Jersey, directly opposite the City cf New York, along tbe west shore of
the Hudson River, via Havcrstraw, West Point, Newburg, Kingston,
Gatskiil and Athens, t> South Selieuectady, and thence along the Erie
“This company, organized under the laws of the
and New Jersey, has undertaken the construction
double track, low grade railway from Weeliawkcn,
Albany and Rochester.
days
through rates, and arrangements dividing territory and har¬
monizing interests in the various commercial territories jointly
reached by the two systems.
A final meeting yesterday
resulted in a satisfactory arrangement to both companies, cov¬
ering a term of years, tho chief points of which are substan¬
tially as follows :
Railroad Companjr is a corporation
Law of Wisconsin. It owns about
It is laid with steel rails and is
Principal Offices—Mills Building, New
there have been several meetings in this city of the officers of the
Northern Pacific Railway Company and the Oregon Railway &
Navigation Company on the one side, aud the Union Pacifie
Railway Company on the other, with the view of arranging
sixty-live miles of railroad running from the depot grounds of the Wis¬
consin Central in Neenak to Schleisingerville on the Chicago Milwaukee
& St. Paul. It has from Schl dsingerville a trackage lease for twenty
and points beyond.
I vol. xxrvi.
made by the
the
United States Circuit Court in Philadelphia, Feb. 14, for
eventual discharge of the receivership of the
Reading Railroad upon the application of
receivers of the company, whieli met with no opposition.
Philadelphia &
the managers and
This
was simply the inauguration of the proceedings.
The petition
upon which the order was made asked permission to create a
car trust of $2,000,000 to be vested in the new Union irust
Company as Trustee, and further, when the proceeds of this
trust liquidated the outstanding receiver’s certificates, amount¬
ing to $2,054,457, that then the receivership might be termi¬
nated. The rolling stock to be transferred to the car trust is
valued at $2,276,734, and the car trust certificates are to be
redeemable $200,000 annually for ten years, the annual raw
of interest being six per cent. The plaintiffs in the original
suits, the Farmers & Mechanics’ Bank and the heirs of Jfioses
Taylor, deceased, announced their concurrence in the proceeflr
ing, and that if the petition was granted they would ciisc^'
tinue their respective suits. The essential part of the order
was as
follows
:
-
surrender,tn
“It is ordered, adjudged and decreed that the receivers
fev and hand over io the trustee named by tlie said
petition, the locomotives, cars, rolling stock and
aad enumerated in the schedule annexed to the pennon, to
the said trustee upon the terms, conditions, limitations
therein set forth, in the form of car trust herewith s
amount due upon the said outstanding receivers’
vided for either by the surrender of the siid eertific ues
corporation i
or
by the deposit with the receivers
in
one
way
and partly in another.
equipments.ucbl
benL ^
al
tt,e
ibintttea, mu
certificates inn © r _
to the iec j
of the cash due upon them, or i
,
FfiUBOARY
THE
17, 1883. |
CHRONICLE.
and on further provisions being made adequate and
said receivers for their protection against all contingent
^KiSanding liabilities, the said receivers are further ordered and
to surrender, transfer and hand over to the said Philadelphia &
thereupon,
and
r
factory
%\xt Commercial jinxes.
to
Railroad Compauy and to the said Philadelphia & Reading Coal
Company
Friday Night, Feb. 16,1883.
There is
nothing especially new affecting business matters
past week. The floods in the Ohio Valley have con¬
tinued, doing great damage to property and causing some
loss of life.
Other tributaries to the Mississippi have risen
rapidly, and a serious overflow iu the Mississippi Valley is now
threatened. The progress of the revised tariff bill before Con¬
gress has been slow, and final results are very doubtful. The
weather is not good, and general trade remains quiet.
There has been a large speculation in lard. Pork has also
been more active. All prices have been advanced in sympathy
with the Chicago advices. The stormy weather at the West
and the snow blockades have diminished the receipts from all
interior points. To-day mess pork was quoted here at $19 25;
April options realized $19 30; May $19 50.
Bacon sold to-day
at 10c. for long and short clear together.
Beef ham3 ruled
at $21 for Western.
Beef was quiet and unchanged at $25©
$27 for city extra India mess. Lard was active and higher;
prime Western sold on the spot at ll*62%c. and closed at 11 *65c.;
refined to the Continent ll^Oe.; contract Western for March
sold at ll’62(2>ll'67c.; April ll‘72@ll*82c.; May ll'80@ll*92c.;
June ll*83@ll‘92c.; July ll*92c.; August 1P96C.
The market
closed firm at ll*79c. for March, ll*89c. for April, 12c. for May,
12 02c. for June and 12 03c. for July.
Butter and cheese have
been less active and prices show some irregularity. Tallow
was about steady at 8/4c. for prime.
Stearine is quiet; prime
11%@11 %c.; oleomargarine 10c.
Rio coffee has been active on speculation at irregular prices,
now advancing sharply and now declining quite as noticeably.
The closing prices are 85 to 90 points under those of a week ago.
March sold to-day at 7c., April at 7T0c., May at 7*20c., June at
7*25c., July at 7'45c. and November at 7'75c. Little trade has
been done on the spot, and fair cargoes, after being quoted
as high as 9%c., have fallen to 8%e. at the close, and this price
merely a nominal one in the absence of business. Mild grades
have been much less active and more or less depressed.
The
floods in the West have had a bad effect on the jobbing trade
in coffee. Spices have still been quiet. Foreign fruits have
been quiet and without marked change in dried, though green
Reading Railroad Company, and in
“dnrting the mining operations of the said coal and iron company,
"indemnity and save harmless the said receivers against all claims,
Kinds or liabilities lawfully incurred by them in the administration
fthA trust * and for the purpose of completing the settlement of the
0
its of the current business down to the time of transfer, and of
nSoin0, if necessary, the payment of the debts and charges hereby
wtowidto he paid, the Court retaius jurisdiction of these causes until
Eurtber order of the Court, and the filing of the report by the Master
X the completion of said surrender and transfer of possession, and
nvmiestion arising in connection with the winding up of said trust
be brooght summarily to the attention of the Court by the said corXti0B8 defendants or the receivers, by petition as heretofore.
•‘hisfurther ordered that the injunction herefore granted against the
said corporations be and the same is hereby dissolved.”
of the Philadelphia &
for the
wav
Railroad Construction (New.)—The latest information of
of track on new railroad is as follows:
Georgia Pacific.—The track from Anniston, Ala., has been extended
the completion
mde8*
Track is laid also on the Air Line connection near Atlanta,
^MeherrinValley.—Completed from
Va., 4 miles.
Natchez Red River & Texas.
Warrens,
to
Margarettsville, N. C., northwest
-Extended west to Cross Bayou, La., 3*2
Western.—The New River division is completed to a point
from New River,Va., an extension of 9 miles.
Pensicola & Atlantic.—Completed by laying track from Ponce de
Leon, Florida, east to the Choctawhatchie River, 8 miles, and from
Mariana, Fla., west 17 miles.
Union Pacific.—Track on the Oregon Short Line is extended from
Kiraama, Idaho, west to Shoshone, 32 miles.
This is a total of 84*2 miles, making 163 miles thus far reported for
1383, against 311 miles reported at the corresponding time iu 1882 and
173 miles in 1881. The weather thus far this year lias not been favor¬
able for trachlaying —Railroad Gazette.
Norfolk &
«
miies northwest
St. Louis & San Francisco.—This company has had listed
the Board, its general mortgage, fifty years 6 per cent gold
on
bonds, payable in
1931, Nos. 1 to 5,000, $5,000,000.
The
application says that :
By the terms of the instruments the ainouut of the bonds intended to
secured thereby is designated at $30,000,000; although for the time
being an issue theVeuuder m excess of $25,000,000 is not authorized.
It is expressly provided that$17,261,000 of the bonds shall bo set apart,
appropriated aud used 'for the purpose of retiring or providing for. by
exchange or otherwise, other and prior bonded indebtedness for which
the company is liable. The $5,000,000 of bonds now listed are for the
purposes of construction and equipment designated in the mortgage as
Mows: (1) Extension of main line from Pacific to and into 8t. Louis, a
distance of thirty-five miles, and to Caroudelet, including the purchase
be
and acquisition of a
large amount of real estate iu St. Louis for necessary
station, depot and terminal facilities; the appropriation of bonds for
these purposes being in the aggregate not to exceed $3,500,000; (2) tiie
line from Fayetteville to Fort Smith, Ark., a distance of about sixty-five
miles, the appropriation of bonds for this purpose beiug not to exceed
$1,950,000, or at the rate not to exceed $30,000 per mile; (3) the line
from Joplin, Mo., to Galena, Kansas, a distance of ten miles, the appro¬
priation of bonds for this purpose beiug iu the aggregate $150,000, or
at the rate of $15,000 per mile; (1) a line from Springfield, Mo., on our
mainline, in a southerly direction for a distance, at this time, of about
thirty-five miles. This work was undertaken subsequent to the date of
the mortgage, and is known and designated as the White River
fruits
and firm,
Telegraph.—Mutual Union.—The difficul¬
has sold to
a
Tea has been steady at
fair extent at private sale at
especially for the better grades, which were scarce.
Raw sugar has been firmer, owing to an advance in refined, and
at one time fair refining was quoted at as high as 7c., but at the
close, with the market dull, that grade was quoted at nomi¬
nally 6 15-16c. Refined sugar has been in better demand at an
advance, but closed quiet ; crushed was quoted to-day at 9%c.,
approval of the Mutual Union stockholders. The officers of the
company say, however, that this is a mere matter of form, as
the approval is assured.
The terms cf the contract, as
powdered at 8%@9c., granulated at 8%c. and standard “A” at
8%c.
Kentucky tobacco has been fairly active. Sales for the week
220lihds. for export and 122 hhds. for consumption—total, 342
hhds. Prices are unchanged: lugs, 5%@6%c.; leaf, 7@10%c.
Seed leaf has remained dull; sales for the week are only 800
cases, as follows : 100 cases 1881 crop New England 13@25c.;
100 cases 1881 crop State private terms; 250 cases 1880 crop
Pennsylvania 6/£@18c.. and 350 cases 1880-81 crops Ohio 5%(<A
6Mc.; also, 400 bales Havana 8Sc.@$l 15.
Rosins have had a large export movement to the Continental
ports, owing entirely to the reduced rates for freight room;
fully 10,000 bbls. have been shipped, mainly to Amsterdam, at
Is, 6:1.; strained is quoted at $1 65; good do. $1 70. Spirits
turpentine is weaker at 53%c. for Southerns in yard. Refined
petroleum for export is quiet at 7%c. for 110, and 7%c. for 70,
test; crude certificates have been depressed, but recovered at the
close from $1 00% to $1 02% and then fell off to $1 01
$1 01%. Ingot copper quiet at ISc. for Lake; Arizona 17c.; Balti¬
more 16%c.
Hops are reported steady at 90@95e. for the best
new State; a country dealer was here to-day and bought 125
announced from official sources, are substantially as follows:
The Western Union Company assumes virtually a perpetual
lease of the
property of the Mutual Union Company. The
term mentioned in the contract is 999 years.
In consideration
the lessor company promises to pay to
the Mutual Union sums
Of this amount $300,000 is to
be devoted to the
payment of six per cent interest on the
15,000,000 mortgage bonds of the Mutual Union, $50,000 is to
replaced every year in a sinking fund to be used in taking upthese bonds as they fall due, and the remaining $150,000 is to be
used in paying a dividend of 1% per cent on the $10,000,000 of
Mutual Union stock. Each party to the agreement promises
to withdraw whatever suits
may be pending against the other,
in
a year.
its own name or in that of
any of its stockholders.
The
western Union Company assumes full control of the Mutual
Union lines, promises to pay running
expenses and make neces¬
sary repairs and improvements, and binds itself to carry out all
tneensting contracts of the Mutual Union, including those
®ade with bankers in New York and other
plentiful and rather weak.
prices showing no material change. Molasses has been rather
quiet as a rule, but New Orleans was in better demand to-day,
ties between these companies have been settled by the formal
execution of a lease of the property of the Mutual* Union to the
Western Union. The Western Union has power to lease and
there remains only the formality of submitting the lease to the
amounting to $500,000
are
the auction sales, and
Branch.
Western Union
EPITOME.
COMMERCIAL
all the property of the said companies, real and
in their Dossession or under their control, except such as
^ ansferred to the trustee in the said car trust as aforesaid, and the
“Kroorations defendants are ordered to pay and discharge all lawful
ft* incurred by the said receivers in operating the said railroad and
«nnftl now
lines
197
cities, for wires
iiion SB.veral years’ contracts.
--Mr. Josiah
C. Reiff, a Western Union stockholder, who formaily protested against the lease on the ground that it was
bales at 90c.
freight room has been quiet for berth tonnage and
and slightly weak at the close. Charter
tion from the Superior Court restraining the consummation of room, as airregular
remained steady. Grain to Liverpool by
rule,
has
®°nS?ck The order of the Court was issued and served steam
quoted
6@6%d.;
flour was taken at 20s. per ton; provi¬
tM f ^e8lern Union officers, but it was claimed that the
rangfer of the
sions 30@35s.; cheese 35@40s.; cotton ll-64@3-16d.; grain to
property
of
the
leased
line
had
been
made
be
°re the service
London by steam quoted 6d.; do. to Glasgow by steam 6^d.;
of this order.
do. to Avon-Mouth by steam 6%d.; do. to Antwerp 5d.; do. to
Amsterdam 9c.; do. to Rotterdam 11c.; do. to Havre 14c.;
grain to Cork fer orders by sail quoted 5s. 4%d. per qr.; refined
petroleum to Antwerp taken at 3s. l%d.; do. to Hamburg
3s. 6d.; crude do. to Bremen 3s. 4%d.; residuum to the United
Kingdom 3s. 9d.
prejudicial to the interests of that company, secured an
Ocean
injunc¬
rates
,
are
198
THE
COTTON.
Friday, P. M.t
CHRONICLE
.
February 16, 1883.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Feb. 16) the total receipts have reached 146,130
bales, against 165,868 bales last week, 171,316 bales the previous
week and 136,400 bales three weeks since ;
making the total
receipts since the 1st of September, 1882, 4,631,945 bales, against
3,946,348
bales for the
period of 1SS1-82, showing
same
Mon.
Sat.
Receipts at—
Galveston
1,903
Indianola, &c.
2,716
....
New Orleans...
Wed.
2,197
....
793
Thurs.
4,795
1,531
4,073
2,723
Brunsw’k, Ac.
....
Charleston
....
Moreli’d C.,Ac
Norfolk
135
2,203
508
564
46,250
6,428
3,809
2,853
3,163
....
1.890
609
2,356
16,352
....
1,79S
2,674
....
....
1,167
13,017
200
4,039
1,450
19,619
6,668
....
....
....
200
732
890
772
788
535
322
....
....
....
....
4,069
3,351
....
m
m
m
.
2,905
•
.
.
.
3,294
....
3,000
....
....
1,450
3,000
6,668
,
503
89
215
23.150!
21,200 31,301 146,130
1881-82.
Since Sej).
This
1, 1882.
Week.
Wilmington....
4,039
1,450
Baltimore
5,820
4,878
1,321
Philadelp’a, Ac.
2,079
84,260
74,123
21,241 1,042,524 335,727
3,465
221,912 48,025
252
25,024
8,336 616,681 84,368
363,956
39,439
2,226
86,611
6.S24
6,219
1,371
113,045
17,377
023,065
179,767
106,716
6,669
365,003
12,972
1882.
1,400
839
12,299
2,603
3,199
4,025
115,147
36,116
60
47,981
649
146,130 4,631,945
437,771
73.421
61,237
20,785
1,510
122,213 17,410
21,305
503,923 67,033
166,257
127,461 164,243
15o#4ob
4,650
17,918 30,063
49,314
9,603
3,512
6,648
52,374
343,557
9,327
33,038
18,156
72,031 3,946,348 925.313 1,109,709
In order that comparison
may be made with other years, we
Receipts at—
Galvest’n,Ac.
New Orleans.
Mobile
Savannah....
totals at
1883.
1882.
17,400
46,250
6,428
All others....
16,352
13,217
5,489
26,287
11,707
Tot. this w’k.
146,130
Charl’st’n, Ac
Wilm’gt’n, Ac
Norfolk, Ac..
leading ports for six
1881.
5,571
21,244
3,465
8,836
seasons.
1880.
1879.
19,109
9,984
57,779
46,864
7,497
11,902
8,185
7,323
13,847
16,402
1,751
16,966
13,362
72,031
146,539
7,590
2,238
991
15 543
14.374
10,708
17,223
11,096
9,708
7,812
2,328
12,282
12,979
115,307
131,328
109,736
8,671
44,860
The exports for the week
ending this evening reach a total
of 102,051 bales, of which 59,167 were to
Great Britain, 10,538 to
France and 32,346 to the rest of the
Continent,
while the stocks
as made
up this evening are now 925,343 bales. Below are the
exports for the week and since September 1. 1882.
Export*
Great
from—
BriVn. France
Galveston
New Orleans..
11,965
23,639
Mobile
Florida
Savannah
nent.
Week.
5,880
7,818
9,513
•
2,5C9
Total
.......
......
....
Conti¬
•
.
.
.
•
•
•
•
•
•
•
•
.
.
Norfolk*
Boston...
4.903
.
•.
..
8.105
2 060
Phil&delp’a.Ac
2,505
Total
.
59,107
•
••
.
Conti¬
Britain. Franu
243,360 30,506
501,102 189,352
15,240
3,0 20
nent.
100,413 374,279
251,629 1,002.033
13,240
195
10,171
88,039
6,001
6 061
104,154
41.891
2,700
7 603
308 673
2,219
11,409
307 321
3 301
•
10 533
•
.
.
•
•
2,000
98,538
109,301
2,5.5
43,595
25,058
22,472
......
191,383
136,423
1,500
10 2 29
20,991
1,789
104.427
305,980
263.054
43,391
318,902
343
434,739
98,^81
31,807
142.957
1,688
50,283
32 316 102,051 1,927,174 £93.768
831,847 3,052.789
58,793
536 10,569 r9 918 1.389 928 245 798
Includes exports from Port Royal, &c.
1 Includes exports from West
Point. &c
520 352 2.1^2 078
Total 1881-82
*
nesday they
64,732
95,491
5,708
30,315
74,163
13,300
18,087
19,900
261,564
34,725
60,334
64,468
50,768
33.492
18,525
48,508
6,150
4,000
158.093
59,266
17,133
187,617
737/726
66,914
6,010
59,028
143,364
10,023
194,857
966,315
648,692
a
only slightly dearer.
were
serious overflow of
a
demand to
contracts and
cover
But
Thursday the
Mississippi River
on
the
generally
tone, in the face of dull foreign advices and
free
receipts at the ports.
weak.
Cotton
on
To-day the market
the spot declined l-16c.
improved
an
comparatively
quiet and
was
Wednesday
on
and
Thursday. There has been a fair business for
consumption, and an increased quantity taken for spec¬
on
ulation.
To-day there
closing at lO^c.
was
change, middling uplands
no
The total sales for forward delivery for the week
Dales. For immediate delivery the total sales foot
310,000
up this week
are
4,350 bales, including
for export, 3,090 for consumption,
1,260 for speculation and —in transit. Of the above, 1,475 bales
were to arrive.
The following are the official
quotations for
each day of the past week.
UPLANDS.
Feb. 10 to
Feb. 16.
Sat*
Ordin’/.$tt>
79,*
NEW ORLEANS.
Moil Tues
7916
Sat*
7*16
Middling... 10*4
10916
101616
Midd’g Fair H5ib
Good Mid..
Str. G’d Mid
Fair
121m
10*4
778
10*4
Th.
Ordin’y.$B>
3trict Ora..
778
778
9*6
85f6
9*8
fe516
9*8
77s
85,6
84s
9*8
9*6
10*2
10*2
10*2
r
10*2
10*2
I0*3le 10*3i6 10*3,6 10*3i6 101316 10*3,6
U*l« U*io U*1fl 11*16 11*16 11*16
119i6 11916 114b 1191G H4« 114s
120,6 12o,« 125,6 12'»,6 125,6 1246
Frt.
Wed
Tb.
Fri.
Wed
Tb.
Fri.
T»16
7*°iq
8
7*3ib
778
8
77b
8*4
7*3,0
8*316
77b
85,6
0*16
8°16
84
8*46
9*4
So,6
7J8
85,6
9*8
9*8
9*8
9%
9*2
934
9*4
9%
9*16
1046
10*16
10*4
107,6
7»io
10
Middling... 10316
10*4
10*4
Midd’g Fair 11*4
109,6
10*46
H°16
124«
109,6 10%
10*3,g 11
1146 11*2
121,6 12*4
Good Mid.. 10*2
Str. G’d Mid 10%
12
STAINED.
Good
77«
846
Mon. Toes
7*3
Good Ord..
8%
Str. G’dOrd 93ib
Low Midd’g 911x6
Str.L’w Mia 10
Fair
Sat.
94«
94b
99i« 99,6 99,e
10*i6 10*16 I04e 10*i6 10*16
1046 1051rt 105,6 105,« 105,6
10*2
109,6 10®13
1013le 10*46
11°16 1-1*16
124* 124«
TEXAS.
Mon Tues
Strict Ord.. 8
8
8
8516
Good Ord.. S*»16 81Jiie 8*3i6 9*8
Str. G’dOrd 9*4
9*4
9*4
9»16
Low Midd’g 9%
9%
y%
10*16
Str.L’w Mid 10l16 1046 10*16 10°
16
Sat.
Ordinary....
Strict Good Ordinary
*>,
•
Low
Middling
Middling
^
99ie
99,6
10*16 104e
1046 105,6
10*2
9*2
94s 9Jie
10*16 10*16
10=»i6 10516
10
104
10*2
107,r 10*2
1013i6 101316 10% 10*3,6
11*16 11*10 11
11*16
11916 1146 11*2 119,6
1246 12°ib 124 125,0
Mon Toes Wed
Tb.
7316
7316
73i6-
7*8
73,6
8
8
8
7*5U
8
10*2
10*3,6
11*16
11 “,8
12°16
Fri.
73,6
8
8**„
8**16
8*4e
84
8**ie 8**16
9*2
9*2
9*2
97i£
9*2
9*2
MARKET AND SALE3.
The total sales and future deliveries each day daring the
week are indicated in the following statement. For the con¬
venience of the reader we also add a column which shows at a
glance how the market closed
on same
days.
SALES OF 8POT AND TRANSIT.
Total.
......
7.662
3,301
Baltimore
17,951
41,000
Great
73,399
SPOT MARKET
CLOSED.
Ex¬
ConSpec- Tran¬
Total.
port. sump. uVVn sit.
Sat.. Quiet
Mon
.
Quiet and easy..
625
617
516
....
Tues. Dull and easier
Wed
Quiet at 46 (lecThurs Firm at *,6 adv.
Fri.
Quiet
.
.....
Charleston *...
Wilmington..
New York
From Sept. 1.1882, to Feb. 10,18£3.
Exported to—
Exported to—
23,315
Stock,
speculation in cotton for future delivery has been
only
moderately active the past week. The tendency of values on
Saturday and Tuesday was downward, and Monday and Wed¬
Wed
Since Sept. 1. 4631,945
3946,318 4396.806 4098,825 3726.517 3484,705
Galveston includes Indiauola; Charleston includes
Port Royal, Ac.
Wilmington includes Morehead City, Ac.: Norfolk includes
City. Point, Ac
Week Ending Feb. 16.
73,770
1878.
15,531
55,979
8,048
12,191
8,890
2,039
15,626
8,094
3,000
1,050
Total.
The
home
1883.
1, 1881.
105
275,391
13,573
633,917
5,508
483,576
14,273
19,619
give below the
Total 1881
recovered it
Stock.
Since Sep.
5,466
637,832
6,428
200
Total
Total 1882
caused
Royal, Ac.
New York
Boston
Total 1883
2,079
13,017
Point, Ac
1,000
1,600
None.
None.
1,479
None.
200
None.
4,900
1,321
Brunsw’k, Ac
West
1,600
Norfolk
New York
Other ports
207
609
Norfolk
3,200
8,821
indications of
16,352
M’head C., Ac
11,500
13,909
2,100
9,283
15,325
....
Florida
Pt.
3,100
Savannah
Galveston
....
135
15,139
46,250 1,263,139
Charleston
900
5,820
17,265
*
8,957
4,878
Week.
Savannah
6,405
1,500
475
This
■
1,112
1,200
1,073
1,321
189 2-33.
Indianola, Ac.
31,183
2,300
1.825
796
For comparison, we give the following table showing the week's
total receipts, the total since Sept.l, 1S82, and the stocks
to-night,
and the same items for the corresponding periods of last year.
New Orleans...
Mobile
14,411
8,300
550
679
Leaving
Ooastwise.
Chant ston
597
....
Other
Foreign
24,457
874
....
France.
Mobile
988
....
York, whieh
by Messrs. Carey, Yale
&
use
Shipboard, not cleared—for '
Great
Britain.
431
18,730 25,147 26,599
Galveston
at—
979
386
Feb. 16
16,
1,751
Philadelp’a, Ac.
Receipts to
On
Feb.
1,091
Baltimore
special
our
Lambert., 60 Beaver Street.
1,090
Boston
Totals thi3 week
....
609
....
....
West Point,&c
New York
1,611
....
2,325
Pt. Royal, &c.
Wilmington
3,000
17,265
135
....
Florida
Savannah
lot at.
7,684
....
4.845
New
prepared for
are
NewOrleans....
Fri.
8,607
....
7,739 12,936
923
1,437
4,439
Mobile
Tues.
In addition to above exports, our
telegrams to-night also
ns the
following amounts of cotton on shipboard, not
cleared, at
the ports named. We add similar figures for
an
increase since September 1, 1882, of 635,597 bales.
IToi. xxxvi,
529
446
358
.
.
Total
...
....
2< O
500
360
200
Deliv¬
eries.
300
500
300
300
400
400
4 350 310.000
2,200
1,028
3 090 1,260
Sales.
43.200
37,700
61.200
52,100
41,600
625
617
716
....
futures.
806
558
74.200
The daily deliveries given auove are actually delivered cbe
vious to that on which they are roporte l.
day pre¬
by the follow¬
ing comprehensive table. In this statement will be found t 0
d lily market, the prices of sales for each month each day, ***
the closing bids, in addition to the daily and total sales.
The Sales
and
Prices
of
Futures
are
shown
S3S!
®3.
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to-night, and the same items for the corresponding
period of 1881-82—is set out in detail in the following statement:
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This year’s figures estimated.
The above totals show that the old interior stocks have de¬
creased during the week 15,224 bales, and are to-night 41,910
bales Less than at the same period last year. The
receipts at
the seme towns have been 15,069 bales 77iore than the same week
last year, and since September 1 the receipts at all the towns
are 466,165 bales more than for the same time in 1881-2.
The Visible Supply oe Cotton to-night, as made up
by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are
brought
to Thursday evening.
But to make the totals the
down
complete
figures for to-night (Feb. 16), we add the item of exports from
the United States, including in it the exports of Friday
only.
.
.
Tol al Great Britain stock
8tocJr at Haranurg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
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the stocks
Qt-rtOog.
O^odo
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CHRONICLE,
QD
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to 9
THE
17, 1883 ]
Fbbbuaby
Stock
Stock
Stock
Stock
Stock
at Havre
at Marseilles.
at Barcelona
,
.
at Genoa....
at Trieste
1883.
1882.
1881.
1880.
886,000
75,600
700,000
718,000
47,300
463,000
33,519
961,600
4,300
38,000
743.000
2,400
39,200
765,300
496.519
19,000
16,600
1.600
800
516
159,000
4,100
43,000
43,000
3,500
3,000
29.100
19,620
30,000
1,080
25,400
1,002
1.100
151.000
3,040
884
600
137.000
4,580
43.670
38,000
29.300
1,182
18,784
8,100
3,500
3,000
4,2u0
1,500
4,330
3,910
917
282,100
259.6S6
212,354
115,675
.1,243.700 1,002.636 1,007,654
169,000
234.000
144.000
3
408,000
522,OGO
553,000
3
47.000
56.000
28,000
S :ook in United States porta
925,313 1,109.709
843,540
S'ock in U. 8. interior towus.;
336.911
278,768
295,001
United States exports to-day..
14,000
5,800
22,000
612,194
97,725
528,091
Total continental stocks...
.
Total European stocks..
.
...
.
39,442
978,017
327,084
17,000
,3.225.044 3,144,106 2,876,971 2,599,553
Of tbe above,tlie totals of Amerioan and other descriptions are as
American—
4 97,000
633,000
556.000
Liverpool stock
185,000
158,000
!!)’,: 00
American afloat for Europe...
522.000
553,000
408,000
United States stock
925,343 1,109.709
8 13,549
.
SepternNov&moer.
.
.
JMii'^p’fo^i’^^cembOT fOT liecember, J,01)7,100; September10^oJ8-twS|1,!«?iraer?^atar,Ja3r' 30-25C.: Monday. 10 30.'.; Tuesday
toon NbS?
Thursda>r' 10’30c.; Friday, 10*25c.
notices fn7,^'2oG,;
for
February—Saturday, 10*22c.
..
in the above table, and shall continue each
win be fonnfl wi averaQ° price of futures each a ay for each mouth. It
ftveraffe for ea-n
naTer
eaeli daY following the abbreviation “ Aver.” The
month
.
London stock
Continental stocks
toL?wpJvTERJ0*
TowN3
week and since
we
exch. 100 Feb. for Mar.
pd. to exch. 100 Apr. for May.
pd. to exch. 500 Mar. for May
..
..
^Jhe following exchanges have been made during the week.
•09
•14
*27
..
,.
for the week is also given at bottom of table.
•«M.'toe«h
exch. 300
3nS!'eb-.forMayApril for June.
528.091
336,911
273,768
978,017
327,084
5,800
22,000
17,000
..2,574,344 2,515,420 2) lio.o i / 2,301,192
.
<Sa!,&-!oyE
“«."oh- 100 Feb.*s.nTfor ^^{SlIct-lToteoWay
pd. to
348,000
103,000
East Indian,Brazil, Ac.—
w
^eeklnclllded
295,001
14,000
follows:
253,000
203,OCO
75.600
43.000
97,100
169,000
101,686
234.000
162,000
47.300
50,354
144,000
56,000
47,000
23,000
12,675
97,725
39,442
628,686
431.654
298 361
115,000
33.519
.2,574,344 2,515,420 2,445,317 2,301,192
Total visible supply
Price Mid. Upl., Liverpool,
..3,225.044 3,144,106 2,876,$71 2,599,553
S^i.
6iud.
6’ie‘l738d.
IgTThe imports into Continental ports this week have been
29,0(W bales.
The above figures indicate an increase in
the cotton in sight
the movement—that is the receipt to-night of 80,938 bales as compared with the same date of 1882,
Sept. 1, the shipments for
*
F- an increase of 348,073 bales as compared with the corresthe
week, and
200
THE
ponding date of 1881 and
pared with 1880.
Quotations
an
increase of 625,491 bales
Palestine, Texas.—We have had hard rain on six
da
week, the rainfall reaching one inch and
seventv
dredtlis.
The roads are impassableAnd work
is
The thermometer has ranged from 37 to
77, averaging 57
Huntsville, Texas.—We have had no rain
during the week
but it is still too cloudy and wet for work.
Average therm ’
eter 61, higest 80 and lowest 41.
Weatherford, Texas.— It has rained on three
days of the
week, the rainfall reaching one inch. The ground *is
bos
and slushy. Average thermometer 54,
highest 75 and lowest 34
as com¬
Other Markets.—In
at
day of the past week.
Galveston....
New Orleans.
Mobile
Savannah—
Charleston...
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Satur.
Mon.
10
10
Tues.
9l5ir»
934
934
934
9*8
934
id
id
Wilmington..
9%
934
Norfolk
Boston
Baltimore
9«w
9*8
934
9*8
103s
1018
10^3
93a
9%
934
1038
1018
lOhj
93s
9?4
934
103q
10
..
Philadelphia.
Augusta
Memphis....
St. Louis
Cincinnati...
Louisville....
iOLj
938
9%
934
9*8
9*6
9*8
9*8
Wednes.
10
91516
10
....
9*8
Thurs.
10
'
10
9*8
9%
93j
-
10
FH.
10
9*3
9*8
93,
934
934
934
10
934
9%
934
91316
91316
9!316
103s
1038
ldie
10l16
10L}
93s
934
934
10Lj
93s
934
934
....
Belton, Texas—We have had hard showers on two
days of
the week ; dry weather is wanted.
The thermometer has av¬
eraged 57, the highest being 76 and the lowest 38, and the rain
10
1038
10ig
10^
93s
934
fall reached
934
9*8
which finally reaches the market
Receipts at the Ports.
through the out-ports.
218,341 222,170 255,097
243,137 238,844 247,017
238.490 211,576 262,015
237,980 200.855 258,170
193,435 200,624 251,923
110.735 152.429 224,997
129,004 114.868 175,382
13S.879 99.990 150,330
125,070 92,081 136,400
147,129 95,057 171,316
133,723 86.779 165,868
140,539 72,031 146,130
O
v>»
“
15.
“
22.
“
29.
Jan.
•'
5.
12
“
19.
“
28.
Feb.
2.
"
9.
w
10.
St'k atlnterior Towns. Rec'pts from Plant’m
287,717 393,“80 215,700 %: 1,582
303,003 415.599 291,376 258,423
336,832 44\530 299.52S 272,319
353.487 457,024 336,993 254,635
363,025 466.5.1'6 379,855 205,973
271,513 270,167
218,343 295.635
210,186 294.755
337.634 453,659 383,647
85,374 139,502 228.789
309,550 435,050 380.24S 101,490 06,259 171,983
309,262 419,043 367,907 138,591 83,283 133,109
74,024 119.182
84.090 168,090
77,2SS 161,929
63,957 129.342
The above statement shows—1. That the total receipts from the
plantations since September 1, 1882, were 4,942,256 bales; in
1881-82 were 4,273,377 bales; in 1880-SI were 4,670,518 bales.
2. That, although the receipts at the out-ports the past week
were 146,130 bales, the actual movement from
plantations was
only 129,342 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the planta¬
tions fdk the same week were 63,957 bales and for 1881 they
were
rainfall reached but three hundredths of
of
Cotton
in sight
February 16—In the table below
1880-81.
Selma, Alabama.—The weather has been warm and dry
during the past week. The thermometer has ranged from 52
to 76, averaging 64.
Madison, Florida.—Telegram not received.
Maeon, Georgia.—The weather has been
1879-80.
310,311
327.029
Tot. receipts from plantat’ns 4,942.256 4,273,377
Net overland to February 1...
472,320
337,278
Southern consupipt’n to Feb. 1
160,ODt
125,000
273,712
warm
and muggy
during the week, with rain on one day. The thermometer has
averaged 61, the highest being 74 and the lowest 44.
Columbus, Georgia.—We have had warm and dry weather
all of the week. Average thermometer 68, highest 79 and low¬
Receipt* at the ports to Feb. 16 4,631,94.5 3,946,348 4,396,806 4,098,825
Interior stocks on Feb. 16 in
excess ol September 1
The ther¬
from 48 to 79.
give the receipts from plantations in another form, and
add to them the net overland movement to February 1, and
also the takings by Southern spinners to the same date, so as to
give substantially the amount of cotton now in sight.
1881-82.
inch.
ranged from 47 to 77, averaging 66.
Montgomery, Alabama.—It has been warm and dry, but
cloudy, during the week. The weather lias been splendid for
preparing lands. The thermometer has averaged 65, ranging
we
1882-83.
an
mometer has
145,252 bales.
Amount
The
Arkansas.—Telegram not received.
Memphis. Tennessee.—The weather has been warm, sultry
and wet during the week, rain having fallen on
every day.
The rainfall reached two inches and fifty hundredths. The
roads are almost impassable, and marketing during the
greater
part of the week was virtually suspended. The river is now
but about three feet below the danger line at this point, and a
serious overflow is threatened in the valley. The thermometer
has averaged 50, the highest being 77 and the lowest 32.
Nashville, Tennessee.—We have had rain on four days of
the week, the rainfall reaching one inch and fifty-one hund¬
redths. The thermometer has ranged from 33 to 75, avera¬
ging 49.
Mobile, Alabama.—With the exception of a shower od one
day the weather has been pleasant during the week. The
261.357 262,693
317.S66 390,019 347,523 158,674
313,837 380.528 343,584 129.694
312,553 372,454 326.796 145,252
inch.
Little Rock,
242,196 271.622
303,321 400,986 350,749 122,129
an
dredths.
’80-’81. ’8l-’S2. ’82-’c3. ’80-’81. ’81-’82. ’82-’S3. ’80-’81. ’81-’82. ’82-’o3.
1.
Dec.
>
thermometer has
ranged from 41 to 78, averaging 60.
New Orleans, Louisiana.—We have had no rain
during the
week. The thermometer has averaged 64.
Shreveport, Louisiana.—The weather has been
cloudy
during the week, with almost incessant light rains, the rain¬
fall reaching two inches and fifty-eight hundredths. But
little
cotton is coming in, owing to the heavy condition of
the
roads. The thermometer has ranged from 46 to 77.
Vicksburg, Mississippi.—We have had warm, cloudy,sultry
and wet weather during the week, with fain on two
days.
Columbus, Mississippi.— It has rained on three days of the
week, the rainfall reaching one inch and fifty-two hun¬
9*8
RECEIPTS prom plantations.
Week
inch.
fall reached ten hundredths of
....
9*8 •
one
Luling, Texas.—We have had drizzles on two days of the
week, but there is a favorable change at the close. The rain¬
Receipts from the Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
ending—
h* °*
imposs'hl11'
the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
Week ending
Feb. 16.
[VOL. XXXVI.
the
Middling Cotton
for
CHRONICLE.
333,437
4,670,518 4,432,262
374,919
400,534
110,000
100,000
est 55.
'
Savannah, Georgia.—It has rained on two days, and the re¬
mainder of the week has been pleasant. The rainfall reached
inch and twenty-one hundredths. .The thermometer has
5,574,576 4j73o>6o5 5,155,437 4,932,796
one
averaged 56, the highest being 78 and the lowest 52.
Augusta, Georgia.—The weather has been warm during the
week, with light rain on two days. The rainfall reached ten
Weather Reports by Telegraph.—In Texas conditions are hundredths of au inch. The crop is being marketed freely.
still somewhat unfavorable, but elsewhere the weather has in The thermometer has averaged 58, ranging from 48 to 77.
Atlanta, Georgia.—The weather has been warm and spring¬
general been favorable. The Mississippi is within three feet like during the week,
with rain on one day, the rainfall reach¬
of the danger line at Memphis.
ing fifty hundredths of an inch. Average thermometer oa,
Galveston, Texas.—We have had drizzles on two days of highest 74, lowest 42.
Charleston, South Carolina.—It has rained on one day 01
the week, but as the week closes there is a favorable
change the week, the rainfall
reaching forty-nine hundredths of an
in the weather.
The rainfall reached five hundredths of an
inch. The thermometer has ranged from 47 to 74, averaging
inch. The ground is too wet and the roads too bad to do
any¬ 57.
The following statement we have also received by telegraph,
thing anywhere in the State. Average thermometer 58, high¬
showing the height of the rivers at the points named at 3 0 cIock
est 73, lowest 42.
Indianola, Texas.—It has rained (drizzles) on three days of February 15,1883, and February 16, 1882.
the week, the rainfall reaching eleven hundredths of an inch.
Feb. 15, '83. Feb. 16, ’82.
The thermometer has ranged from 35 to 77,
Inch.
averaging 62.
Feet. Inch. Feet.
1
2
1
5
New
Orleans
Below
high-water mark
Dallas, Texas.—We have had rain on three days of the
2
35
7
30
Memphis
Above low-water mark.
5
35
4
week, the rainfall reaching one inch. The thermometer has Nashville
41
Above low-water mark.
7
29
6
17
Shreveport
Above low-water mark.
0
averaged 55, ranging from 34 to 75.
44
7
35
Vicksburg
Above low-water mark.
Brenham, Texas.—It has been showery on two days of the
J>ew Orleans reported Delow nign-waier mam w
.
week, the rainfall reaching fifteen hundredths of an inch.
Sept.
the
zero
9,1874,
when
of
was
changed
to
gauge
mgj1The thermometer has averaged
62, the highest being 81 and mark of April 15 and 16, 1874, which is. 6-lOths of a foot ao
the lowest 42,
1871, or 16 feet above low-water mark at that point.
It will he
seen hy the above that the increase in amount in sigh t
compared with last year, is 638,921 bales, as compared with
1880-81 is 419,139 bales and with 1879-80, 641,780 bales.
to-night,
as
,
.
r
17, 1883.]
February
Movement from all Ports.—We have during
been endeavoring to rearrange our India service
make oar reports more detailed and at the same time
Isdia Cotton
the past year
L) as to
keep
than
proved only to be shipments from one
India port to another. The plan we have now adopted, as we
have reason to believe, will relieve us from the danger of this
inaccuracy and keep the totals correct.
We first give the
Bombay statement for the week and year, bringing the figures
more
Hitherto we have found it impossible to
cabled to us for the ports other
accurate.
of our figures, as
Bombay, cargoes which
out
down to
February 15.
AND SHIPMENTS FOR
BOMBAY RECEIPTS
fear! Great
Brit'n.
1
Total.
nent.
24.000!l3,000
13.000; 3,000
Great
Conti¬
Britain
nent.
61,000
53,000
40.000
16,000
23,000
152,000 55,000
207,000 50,000
104.000 30,000
87,000 36,000
Cotton Crop.—The
following, from the Agricult¬
Department, was made public yesterday. It appears to
figure up a result for the year of 6,835,000 bales, and from the
present outlook we judge that that may now be taken as a
minimum.
reports the resultstheofpresent
statis¬
cotton crop,
of close of
picking, injuries by the caterpillar and boll worm, and quantity
#
The Department of Agriculture
tical returns
relating to the comparative quality of
progress of marketing, average date
of product.
The returns of
product in bales make an
aggregate of over
thousands of bales as follows: Vir¬
ginia, 24; North Carolina, 452; South Carolina, 616; Georgia,
920; Florida, 61; Alabama, 784; Mississippi, 1,042; Louisiana,
539; Texas, 1,326; Arkansas, 687; Tennessee, 337; Missouri, 25;
6,800,000, distributed in
Since
Jan. 1.
This
Week.
of
ural
Receipts.
Total.
52,000 100,000
133,000 74.000
5.000! 19.000 21,000
37,000
19331
1882
1881
Conti¬
Extent
FOUR YEARS.
Shipments since Jan. 1.
week.
Shipments this
1
201
THE CHRONICLE.
266,000
285,000
169.000
152,000
other territory, 22.
The unusual length of
the season for maturing is given very
generally as an important factor of increasing production.
Late growth was so vigorous in portions of the area cultivated
31,000
8.000|l5,000
that much immature cotton was destroyed by the frost, not¬
According to the foregoing, Bombay appears to show an
withstanding the lateness of the season.
increase compared with last year in the week’s receipts of 5,000
The returns are nearly unanimous in declaring the staple
bales, and a deurease in shipments of 13,000 bales, and the
longer than usual, whiter and comparatively free from trash.
shiprhents since January 1 show a decrease of 55,000 bales. A few report
shorter staple. In parts of Georgia there was
The movement at Calcutta, Madras and other India ports for the
some loss of quality from storms, and the late picking of the
last reported week and since the 1st of January, for two years,
was injured by frost and rain.
has been as follows
“ Other ports” cover Ceylon, Tuticorin, Southwest
The quantity of lint produced in proportion to seed is
Kurrachee and Coconada.
reported greater than usual in half to two thirds of all returns,
Shipments since January 1.
Shipments for the week.
excepting in Virginia and Missouri, where a majority report the
Conti¬
.usual average yield.
Great
In very few counties is the rate of yield
Conti¬
Tot.n
l
Great
Total.
I880i
Calcutta1833
1382..
7.000
.i..
Madras—
1883
3,900
2,000
1,000
9,000
1,900
36,000
2,000
1,000
2,000
4,000
2,600
1,000
1882
All others—
1883
IS 82
Total all1383......
1882
1,500
5,300
4,000
2,000
7,U 0
9,200
11,500
44,000
16,300
53,700
less than average.
The marketing
43.009
7,000
16,200
*
43,090
1,500
9,100
4,100
9.500
nent.
Britain.
nent.
Britain.
59,200
2,000
4,009
4,600
1,400
4,309
5,400
12,400
8.400
22,500
52,400
3,100
76.200
the movement from
bales less than same
India, therefore, the total ship¬
corresponding periods
The above totals for the week show that
the ports other than Bombay is 4,800
week last year. For the whole of
ments since January 1, 18S3, and for the
of the two previous years, are as follows:
Shipments
all Europe
to
from—
Bombay
All other p’rts.
Total
Since
Jan. 1.
This
week.
Since
This
week.
Since
Jan. 1.
This
week.
Jan. 1.
24,000
11,500
152,000
52,400
37,000
16,300
207,000
76,200
16,000
17,000
104.000
85,590
35,500
204,400
53,300
283,200
33,000
189.500
This last statement affords a very interesting
total movement for the three years at all India
proportion was somewhat greater.
From these returns it is probable that about 17 per cent of
the crop still remains in farmers’ hands. The date of finishing
the harvest, reported for each county, varies from November
to February.
The average for each State is : Florida, Decem¬
ber 7; Georgia, December 5; South Carolina, December 11 ;
Alabama, December 12 ; Tennessee, December 17 ; Mississippi,
December 18; North Carolina, December 22; Louisiana, Jan¬
uary 4; Texas, January 6 ; Arkansas, January 9.
The caterpillar was present in three fourths of the counties
of Texas and Louisiana, and in two thirds of those of Mississipi, Alabama and Florida.
less general in Georgia and Arkansas.
injury was everywhere slight; with few exceptions was
not appreciable in Virginia, North Carolina, Tennessee or Mis¬
souri. The loss is calculated at about 3 per cent in Louisiana,
2 in Texas, 1% in Mississippi, Alabama and Florida, and 1 in
Georgia. It probably amounts to 80,000 or 90,000 bales in all.
The
1881.
1882.
1883.
fourth;
The destruction was
FROM ALL INDIA.
EXPORTS TO EUROPE
in^ Florida,
remaining"on hand
Texas one
in Louisiana and Arkansas, Tennessee and Missouri the
of the crop is most advanced
Georgia and South Carolina, but one sixth
at the end of 1882; in Alabama, Mississippi and
comparison of the
Jute Butts,
Bagging, &c.—The market presents no new fea¬
and business has not increased. Orders con¬
to hand quite freely, but they are for small lots,
tures of interest,
tinue to come
ports.
scarcely any inquiry being reported for large parcels. Prices
Alexandria Receipts and Shipments.—Through arrangements are firm, however, and holders are not willing to accept anywe have made with Messrs. Davies, Benachi & Co., of Liverpool
thingbelow present figures, which are 6%c. for 1^ lbs., 7^e.
and Alexandria, we now receive a weekly cable of the movements tor 1% lbs., 8Mc. for 2 lbs. and 9c. for standard grades.
of cotton at Alexandria, Egypt. The following are the receipts
Butts have been in better demand, though the business is still
and shipments lor the past week and for the corresponding week
moderate. There is an easier feeling among sellers, and sales
of the previous two years.
are
Alexandria, Egypt,
February 15.
This week....
Since Sept. 1
2,572.000
This
week.
Since
This
Exports (bales)—
To Liverpool
70,000
2,430,000
40,000
55,000
2.081,000
week. Sept. 1.
This
week.
Since
Sept. 1.
11.000 245,000 23,016
Total Europe
as
73,077
124,6581
5,579
324,658'
5,579 238,077
receipts for the week ending
the shipments to all Europe
11,000 bales.
Port Receipts and
Year
Monthly
1882-83
a.
Shirtings.
Dec.15 878 @ 9*2 6
“
22 878 @ 9*2 6
“
29
Jan. 5
“
12
“
19
“
26
Feb. 2
“
9
81316-9716
S\ @ 93a
8«8 @ 9*4
85s @ 914
@ 9^
8% @ 950
83* @ 9«0
a 91*
lb 16
Coti'n
Mid.
8*4 lbs.
a.
d.
s.
3 ®7
l*a@7
1*2@7
<5
6 1 @7
6 0 @7
6 O @7
6 1® 7
6 0 -@7
6 O @7
5.11
@7
Deeemb’r
1881-82.
d
712
7*2
7*2
7
6
4*2
6
Uplds
a.
5151<5
5131g
O
\
5Hie
550
550
6
5**10
51116
4*2
550
C
32*
Oop.
licist.
d.
d.
9*4 @ 10
93s @10
930 @10
93@ @10
93a 310
9% @10
9*s @10
930 @10
9% @10
930 @ 970
8*4 lbs.
OotVn
Mid.
Shirtings.
TJpldi
a.
d.
6
6
6
6
6
6
6
d
6
6
6
6
6
6
6
s.
@8
@8
@8
@8
@3
7*55)8
7*s @8
6
6
5
@3
@8
@7
d.
0
0
0
0
0
0
0
0
0
10*$
d.
6V|e
Daily Crop Movement.—
named. The movement
since September 1,1882, has been as follows:
Receipts.
1882-83.
d.
while bagging
movement for the years
Manchester Market.—Our report received from Manchester
to-night states that the market is quiet with limited business, Sopt’mb’r 326,656
At a slight reduction in prices for sheetings.
We give the prices October.. 980,584
Novemb’r 1,094,697
of to-day below, and leave previous weeks’ prices for comparison.
32s Oop.
Twist.
and 2,000 bales at 2%c., and
grades are quoted at 2c.,
comparison of the port movement by weeks is not accurate
the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
Since
Sept. 1
A oautar la 98 lbs.
This statement shows that the
Feb. 15 were 55,000 cantars and
Comparative
A
165,000
8,000 136,000 15,000 200,000
3,016
3,000 59,000
To Continent
were
reported of 2,500 bales at 2c.
at the close paper
qualities are held at 2%c.
Receipts (cantara*)—
*
1880-81.
1881-82.
1882-83.
January
.
Totalyoar
1,112,536
752,827
1881 82.
Beginning September 1.
1880-81.
458,478
968,318
974,043 1,006,501
996,807 1,020,802
487,727 571,701
429,777
853,195
1879-80.
333,643
888,492
942,272
956,464
647,140
U,267,300 3,741,549 4,025,800 3,768,011
Perc’tage of tot. port
receipts Jan. 31. .
79-27
each month
68-53
75-34
1878-79.
288,848
689,261
779,237
893,664
618,727
1877-78.
98,491
578,533
822,493
900,119
689,610
3,269,740 3,089,246
73 52
7108
6
Jan. 31 the receipts at the
ports this year were 525,751 bales more than in 1881-82 and
241,500 bales more than at the same time in 1880-81. By adding
to the above totals to Jan. 31 the daily receipts since that time
we shall be able to reach an exact comparison of the movement
67l«
for the different years.
6**10
61*16
69113
6U10
6%
650
650
This statement
shows that up to
202
THE CHRONICLE.
1832-83
1881-82.
1880-81.
1879-80.
1878-79.
1877-78.
To Bremen, per steamers
Celtic Monarch, 3,845
2,597
per bark Cedar
To Antwerp, per steamer Croft, 3,565
Severn, 1,240
Tot. Jn.31 4,267,300
3,741,519 4,025,800 3,763,011 3,269,740
3,039,246
Feb. 1....
21,924
12,592
22,962
8.
“
36,304
28,495
2....
3....
“
“
4..„.
5....
“
“
30,723
20,977
11,019
18,075
22.348
21,769
S.
10,059
27,938
35,832
S.
26,031
26,666
18,808
23,033
40,547
18,730
16,697
14,970
S.
13,350
19,496
8.
10,622
25,147
26,599
23,150
21,200
31,304
3.
•
6....
“
7....
“
8....
“
9—.
,
“
10....
4411....
“
12....
M
13....
“
14....
“
15....
«
.a
16....
Total
J
20,763
23,485
18,721
17,019
27,674
29,633
12,207
15,440
10,750
9,647
9,339
22,580
20,354
15,203
15,582
21,929
11,239
25,634
8.
24,175
8.
8.
25,523
28,391
10,070
18,579
20,967
8.
8.
23,239
Hilo
S.
Vera
34,476
19,174
22,370
21,043
29,598
16,652
19,886
8.
13,219
83-26
73*83
80-53
26,965
23,264
20,075
14,300
The Exports
To Genoa, per brig
Azha, 1,025
To Vera Cruz, per steamer
Whitney, 1.016
77 97
IfMflii
Exports
of
same
period of the previous
Cotton (bales)
from
Exported to—
*!
Liverpool
Feb.
1.
8.
11,115
Other British ports
Total
Feb.
25.
Havre..;
Bremen and Hanover
211
8.968
995
792
241
273
995
20,991
17,501
1,096
700
32,564
24.335
23.453
12,597
1,938
•*'201
“749
1,419
43,178
!'
Total to North. Europe
2,438
601
1,845
2,119
99,195
|::®h1
Spain, Op’rto, Gibralt’r,&c
41,331
256
200
100
2,442
4,790
837
2.0
256
200
*’
,rK5p !
>
|fl*vl.!
M! I
i
?m i
■
i
i
m\i
\
®!
•:~4:
i
All other
Total
Spain, &c
Grand Total
/T'V
t
n,
■'4^
<m' i
:
•
rip; 5i
t
,
Lr^l'v-j
'jWH
Receipts
from—
,
Texas....
Savannah
Mobile...
Florida..
B.Car’lina
N.Car’lina
Virginia..
i
Foreign..
*
.
m
f*--r
m
.*
a
festfi-j
}»m
t
I
js 1
i
iS&b,
M*ftL
a
t
mr<!
i-*!$?%' I
£••*[;
' I
r-^-p i
jcr.v t; vj|
rvirSf’* 2
WH
ji*
Since
i week.
Sept. 1.
1
2.403
! 2.300
391*
3,6’24
4,565 127,516
......
5,820 106,716
i
1,730
This year. 29,348 880,236
3,632
4.2 49
Philadelphia.
Below
week.
This
Sept. 1.
Since
week.
Sept. 1.
20,204319,107
8,833^295,725'
595
7,193
869 33,530
......
.
3,769
95
add the
we
2,006 131,504
Falmouth, for
clearances, this week, of
13—Ship
Saturnis,
Julienc, 3,867.
For
For
For
For
For
10—Ship Riverside, 4,475
Feb.
12—Bark St.
Rouen—Feb. 10—Steamer Palm Branch.
1,001.
Barcelona—Feb. 13—Barks Joreu
Narcissa,
Genoa—Feb. 14—Bark
;
Ergo, 2.052.
Trieste—Feb. 10—Bark Ebenezer,
1,340.
Vera Cruz—Feb. 10- Steamer
Chase, 1,100.
Savannah—For Bremen—Feb. 9—Steamer
Elsie, 7,662.
For
Siucero,
—
Barcelona—Feb. 13—Bark Christina, 1,560.
Norfolk—For Liverpool—Feb.
For Geuoa—Feb. 14—Bark 10—Ship Northumbria, 4,903.!
Alice, 2,700.
Boston—For Liverpool—Feb. 7—Steamer
Norseman, 1,634
Feb. 8—
Stainer Palestine, 1.C67.
Baltimore—For Liverpool—Feb. 15 -Steamer
Juana,
Philadelphia—For Liverpool—Feb. 9—Steamer
Illinois, 1,000....Feb.
13—Steamer British
1,225
2,314
16,263
15,034
82,031
1,936
34,795
1.096
.
1,971 44,473
03,501
205
3,490 97,144 10,420 216,882
2,852 66,779
Beiow
give all news received to date of disasters
carrying cotton from United States ports, &e.:
Joshua
New York—To
Total bales.
Liverpool, per steamers Adriatic, 815
Ari¬
zona, 25....Britannic, 2,066
Egypt, (additional) 128
Gallia, 1,860
Venetian, 3,301
To Havre, per steamer
8,195
To Bremen, per steamerLabrador, 995
995
General Werder, 700
To
700
Amsterdam, per steamers Castor, 569
Lcerdam, (addi¬
tional) 400
To Antwerp, per steamer
969
Switzerland,
450
lo Genoa, per steamer
450
Vincenzo Florio, 100
NEW Orleans—To
100
Liverpool, per steamers
3,750
Carolina, 4,300
Chilian, 4.980Buenaventura,
Glenarth, 2.000
...
Murciauo, 4,550
per ships
Melmerby, 5,323
Win.
Tapecott, 4.950
per bark Persia, 5,926
To Havre, per
35,782
ship Thos. Lord, 4,252
per barks Lincoln,
2,904....Roma, 3,728
10,884
we
Nicholson,
steamer (Br.),
to vessels
Pottlugcr, from
Jan. 24,
Rotterdam, grounded at Alaaslius, fob. 12, Baltimore
but was gotten oft
same day after
discharging a portion
Neto, steamer (Br.), from Galveston for of her cargo.
Liverpool, before reported,
which put into Key West, Feb.
4, m distress, struck near Tortugas
Jan. 30, and was assisted
by smacks Emma Lowe and Mazop pa.
Cotton freights the past week have
been as follows:
for
2,970! 165,287
Shipping News.—The
States the past week, as exports of cotton from ths United
per latest mail returns, have
reached
131,504 bales. So far as the Southern
ports are concerned, these
are the same
exports reported by
telegraph, and published in
tne Chronicle last
With
Friday.
include the manifests of ail
regard to New York, we
vessels cleared
up to Thursday
night of this week:
6,723
9,031
2,2d4
2,000
1,850
Queen, 1,500.
......
5,277 109,639
11.574
7,767
1.393
495
2,284
2,000
Fur Havre—Feb.
"
55 11,943
43,499
94,331
1,016
.
4.896
896
1,025
1,155
3,182
vessels carrying
bringing our data down to the
latest mail dates:
Galveston—For Liverpool—Feb. 10—Steamer
Australian, 6,137; bark
Zanrak, 1,923.
For Bremen—Feb. 10—Steamer
Tunis,
3,409.
For Genoa- Feb.
New Orleans—For 10—Brig Success 1,123.
Liverpool—Feb. 9—Steamers Andean,
3,870; Cata¬
lan. 2,912; Counsellor,4,162;
Explorer, 3,250...Feb. 10—steamers
Good
Hope, 3,675; Fuertoriqueuo, 3,875
Feb.
Baltimore.
Since
i’.oso
cotton from United States
ports,
4,429
This
1,201
95
10.779
2.f.9a
913i 33.971
5,083.157,594
Last year.
i»
Sept.
N. Orl’aus
S
i-^U -5 f
[.yn * I
This
usual
Total.
11,409
63,064
3.644
12,520
100
2,659 7.237 2,326
Included in the above totals
are, from Wilmington to
orders, 1.393 bales.
100
7,232
1,037
8,337 11.086 11,409
434,739 274 392
Boston.
our
Vera
Cruz.
Genoa
Total... 82,523 12,374 20.921
are the
New York.
Boston
San Frau..
Gross Receipts
York, Boston, Philadelphia and Baltimore of Cotton at New
for the past
and since September 1, 1882:
week,
North, pts
Tenn., &c.
■!
14,651
The Following
vceet
mv!I
...v
.....
6,723
6,686
Baltimore..
17,501
400
|I
Wilmington
o,4f)6
20,891
3,200
1,763
3,401
2,325
Philadelp’a
S,195 307,321 214,493
273
3,644
8.165
6,629
Norfolk
year.
350
200
....
N. Orleans.
Texas
8,195 303.895 209,037
A msterBre- dam <£ Barcc-
vool. Havre,
men.Antwerp. Iona.
8,195
995
700 1,419
35.782 10,684 10,007
1,210 2,900
New York..
Charleston.
3avanuah..
Other ports
Hamburg
.
8,968
Sept. 1.
3,182
2,325
3 401
1 005
shipments, arranged in
follows:
are as
Liver-
period
previ’us
100
Total French
.
7,795
792
Other French ports
form,
Same"
Total
since
6,629
1,763
131,504
The particulars of these
Mobile
3,426
Great Britain 11,115
to
7,795
Feb.
15.
’ u
1.155
95
New York since Sect.
1. 1382.
Jan.
8
Total
year
Week ending—
-
Satur.
Liverpool, steam d. 3i6@i4
Do
Mon.
Do
eail...d.
sail
Bremen, steam.
Do
sail
.c.
,c.
....
c.
Hamburg, steam.c?.
Do
sail...d.
Amst’d’m,
Do
steam.c.
8ail...d.
7ig*
....
17ii2*
sail
c.
ll64'®14 H-e4 5)14 l164'® *4
ll64 15G4 llfl4-15c4 11e4*loei
716*
716*
716*
..a.
....
....
m mmm
1733*
1732*
1732*
1732*
....
....
•
....
V
....
....
....
....
....
91G*
14®932,‘
*4 ® 932*
k®932*
•
.
.
•••
V
•
Baltic, steam—d.
Do
716*
Fri. r
Thurs.
1732«
1^*
....
.llo4
Wednes.
....
....
91S*
Tues.
316® *4
Havre, steam—c.
....
....
Barcelona,steam.c.
V
V
Genoa, steam ...d.
V
au*-
*
*
3’*,^
.
increase, as compared with last week, the total week snow an
bales, against 11,086 bales last week. Below wereaching 11,409
give our usual
table showing the exports of cotton
from New York and their
direction, for each of the last four weeks; also
the total exports
and direction since
September 1, 18S2, and in the last column
the total for the
*
Wilmington—To Falmouth, for orders,
pet bark Lydia Peschau, 1016
1,393
’
Norfolk—To Liverpool, per ship Wm.
1 393
Law,
6.723
Baltimore—To Liverpool, per steamers
6 723
Caspian, 1.180
’
Guillermo, 1,085
Nessmore,
2,323
lexas, 2,098
’ 6 686
To Havre, per steamer
Clayperon,
495
To Bremen, per steamer
495
America,
Boston—To Liverpool, per steamers 1,850
1 359
Samaria, 996
1,288
Virginian.
Philadelphia—To Liverpool, per steamer Lord
2,28.4
San Francisco—To
Liverpool, per ship LakeGough, 2,000... 2 000
Superior, 95
*
(foreign).,
Cotton from New York this
of
1A^A
o’6rf
’
This statement shows that the
receipts since Sept. 1 up to
to-night are now 701,780 bales more than they were to the same
day of the month in 1882 and 294,950 bales more than
they were
to the same day
of the month in 1831. We add to the table
the percentages of total
port receipts which had been received to
February 16 in each of the year3 named.
'■•I.-
<jruz, per steamer
Alma, 1,700 Upland and
Die Gautenlaubc,
1,350 Upland... 8ultana, 2,263 Upland and 105 Sea Island
Wacissa, 2,274
Upland and 200 Sea Island
To Bremen, per steamer T. J.
Robson,
3,200
Upland
To Barcelona, per
[
brigs Nueva Suber, 629 Upland
Temeraria, 526 Upland
Savannah—To Liverpool, per barks
Caspiau, 3,529 Upland
.*’
Konoma, 3,100 Upland
To Bremen, per bark
Uranos, 1,763 Upland
To Barcelona,
per barks Ellen, 1,200
Upland
1,242 Upland—per brig Bella
Terita
Dolores. 740 Upland
Texas -To Liverpool, per barks
Korsver,
1,255
To Bremen, per barks
Liana, 1,070
Bjorntraa, 1,193
Lizette. 1,108
Solyst, 1,160
8.
81 15
YoaL
L‘40
2'
573 Sea Island
4,631,945 3,930,165 4,336,995 4,027,724
3,603,341 3,338,218
of total
port reo’ots Feb. 16
[ifii
10 AA7
o onr»
uity or Mexico, i.oou
Mobile,E—To
Liverpool, per ship Friga, 3,614
Charleston.eston—To Liverpool, per
barks
Peroentag 3
.1
Violet ’
~
~
35,541
20,000
22,343
16,653
22,806
15,100
23,373
17,632
~
19,795
23,729
33,504
23,999
34,438
12,915
18,057
IVol. XXXVL
....
■
30*
30*
....
m
m
m
....
m m
m
14^932'
•
30*
*8*
•• •
•
••
....
•
t
m
1^16® 70* 1316®70 1316®78’ 1316®78*
:34*
■
V
V
,
Compressed.
Liverpool.—By cable
from Liverpool,
have the
following
statement of the week’s sales,
stocks, &c., at that port. YYe
add previous weeks for
comparison.
we
THE CHRONICLE.
17, 1683. J
Kkbbuaky
203
■
1
■'
==rr:
Jan. 26.
97,000
12,000
of the week
..bales.
which exporters took....
Of whioh speculators took..
tales
Of
30,500
821,000
BTtocT-Esthnated
Of which American—Estim
Total import of the week
Of whicn American
555,000
d
whioh Am-^noan
44,000
6,400
31,500
5,500
10.000
43,000
851,000
595,000
33,000
30,000
836,000
633,000
112,000
135,000
87,000
119,000
316,000
344,000
289,900
Amount afloat....
Of
53,000
--
9,400
6,100
862,000
604,000
103,000
76,000
310,000
239.000
102,000
83,000
351,000
2^5,000
275.000
of t-h
the week ending Feb. 16, and the daily closing prices
cotton, have been as follows.
XIib tone
day of
0{ spot
.
-
February, $1 24^@$1 25M for March, $1 26^@$1 27% for
April, $1 27%@$l 28% for May and $1 27/£$l 27% for June.
Feb. 1G
72 099,00(
9,800
66.000
7,500
Actual export
Feb. 9.
71,000
11,500
8,100
43,000
18,000
American
gales
Feb. 2.
==
Indian corn has advanced 2 to 3 cents on a brisk
speculation
and higher prices at the
West, the usual sympathy with wheat
also being noticeable. There has been
only a fair export trade.
To-day the market was less active and slightly lower; No. 2
mixed sold at 73Mc. for
February, 73%c.'for April, 72%c@72%e.
for May and 71%c. for June.
Rye has been fairly active at
firm but rather
advance.
an
quiet.
Barley has been
Oats have been active and higher; to¬
day there was less business though prices showed no material
change; No. 2 mixed sold at 49%c. for February, 49%@50c. for
March, 50%@51c. for April and 5O/2@50%c. for May.
The following are closing
quotations :
FLOUR.
Saturday Monday.
Spot.
Market,
l
12:30 P.M
\
Mid
Tuesday.
Wednes.
Easior.
Dull
and
easier.
tnq. Easier,but
not quotafreely
supplied biy lower.
Mod.
5Hi6
5Uis
Upl’cU
lua.Orl’ns
Bales
8p0c.&cxp.
5lli6
5%
578
8,000
2,000
10,000
2,000
2,000
Dull.
Dull.
12:30p.m. j
5U*i6
8,000
1,000
■
inq.
10,000
2,000
Superfine
Spring wheat extras..
but
Flat.
Barely
steady.
Barely
Dull.
8teady.
prices are given in
buyers’
Dull
and
easier.
an! Qlths, thus: 5 62
pztise
means
Sat., Feb. 10.
Mon., Feb. 12.
Tues., Feb. 13.
Open High Low. Clos.
Open High Low. Clos.
Open High Low. Clos.
d.
d.
d.
d.
d.
d.
d.
February... 5 45
5 45
5 44
5 44
5 43
5 43
5 41
5 41
Feb.-Mar... 5 45
5 45
5 43
5 41
541
5 41
5 42
'5 41
5 42
5 43
5 43
5 43
5 43
5 43
5 43
5 46
5 40
5 44
5 44
Mar.-April.. 546 5 46 5 45
Aprii-May. 549 5 49 5 48
Miy-Jane.. 5 52 5 52 551
June-July.. 5 56 556 5 54
Juiy-AuR... 5 CO 560 5 53
Au,f.-Sept.. 563 5 63 5 62
8ept.-0ct...
«...
....
Oct.-Nov... 550
3 95®
6 50®
5 50
5 43
5 45
5 45
5 45
548
5 48
548
5 46
d.
....
.
.
d.
.
5 46
5 46
.
d.
....
Weifnes.,
5 51
550
5 50
5 48
5 48
5 49
5 49
5 49
5 49
554
554
5 52
5 52
5 53
5 53
5 53
5 53
5 58
5 55
5 58
5 50
5 56
5 57
5 57
5 56
550
5 62
5 62
5 62
5 59
5 60
5 60
5 60
560
5 60
...
....
....
5 47
550
Feb
14.!
.
l
d.
d.
Febru ry...
•
5 41
•
d.
5 47
•
•
•
5 47
•
•
•
•
.
•
•
•
•
•
•
•
5 47
110
116
®l 37
®1 IS
1 13 ®1 30
1 2±% s 1 25
110
3126%
119
®
71
®
75
74
75H
®
74
80
74
®
76
70 3
72
Red winter
Red winter, No. 2
White
White No. 1
Corn—West, mixed
West. mix. No. 2.
White
Yellow
•
.
d.
•
5 40
5 40
5 42
5 il
5 41
5 45
544
541
May-June..
5 48
5 43
548
June-July..
5 52
5 52
July-Au g...
556
hg.-Sept..
5 59
5 42
Open High Low. Clos.
....
5 41
5 45
Fri., F b. 16.
j
•
•
•
d.
•
•
d.
...»
•
•
•
.
•
Open High Loxu. Clos.
»
Receipts at—
d.
d.
d.
5 44
544
5 44
5 44
d.
Flour.
Chicago
Wheat.
93,724
40,150
Milwaukee..
Toledo
Detroit
Western. &c
32 5®
3 75®
2 60®
Brandywine,
Buckw’t flour, 100lbs.
3 75
3 85
2 80
5 43
5 45
5 47
5 45
5 47
5 47
5 47
5 46
5 46
5 48
j
5 49
5 50
5 49
5 50
5 50
5 50
5 49
5 51
5 50
5 51
5 52
5 54
5 52
5 53
5 53
5 53
5 56
5 52
5 55
5 52
5 55
j
5 58
5 56
5 53
5 58
5 57
5 59
5 57
5 57
5 53
5 57
5 Cl
5 01
5 61
5 60
560
|
1
5 59
....
Cleveland....
St. Louis
2,088
1,533
23,015
116.503
670
4,350
172,930
179,682
139,183
V •
5 60
5 43
SOL
5 53
SCO
5 44
1882
1830
same
ports
four years,
Oats.
1,050,280
5 43
50,238
9,042
102,500
508,415
117,100
5 50
*
*
*
*
«...
j|8^88of holders has acted as a
a
....
....
commoner
very firm, owing to the ad¬
fair business, bat the firm-
check
on any very large transachowever, there was a brisk demand for the
^a^es» and the market continued
strong,
eat has risen
five cents per bushel, and has been
sales of
unusually
options on Thursday involvover 9>M0,000 bushels, being the largest transrecord for a single day, while the total sales for
J.something
k[m™
bashl
^uring the week have approximated 30,000,000
-JMs speculative activity was largely due to the floods
*inte
reports iu regard to the condition of
;
but/ ^ ^aVe a^S0 ^een un^avorahle, not only from Ohio,
t
a?' JQ(^aila aQd Kentucky. Ohio, one of the largest
J*8’ acuording to the Grovernment’s statistics,
basheh ^n?r -•>902,000 acres in wheat, and raised 33,520,000
fore no Rliffivf-11^3 from fckat Sfcate, especially, has had there«
^oreoYPr wv
to the rise
w*at
potations here.
An advance,
tJel^e8t and in Europe has also contributed
n°ticeablv in*. an?
exPort demand, it may be added, has
^lytraL,.Jeased' ^0“day there was. a slight decline in the
Hr>m10ns*
aud there
ome
less activity, but later on
recovery; No. 2 red sold at $1 24%<®:$1 25 for
was
49?a®
50
54
49 %
5u3a ®
50%
CO
03
98
95
86
t>
....
®1 05
®
®
®
....
97
88
Rye.
117,588
77,006
22,183
7,350
4,457
9,593
25,200
30,209
00,291
25,400
13,290
2,200
16,500
43.233
35,203
2,846,459
3,059.188
2,752,900
500
145,625
495.70S
734,3)0
529,990
233,903
307,425
127,822
5,003,350 53,513,679 45,375,504
4,530,526 30,370,672 73,937,183
4,841,959 58.1G8.331 69.9S8.091
20,250,097
21,535,333
25,017,438
10,600,103
9,548,527
9,775,840
63,273
shipments of flour and grain from the
from Dec. 25, 1882, to Feb. 10, 1883, inclusive, for
show as follows:
1882-83
1,385,375
1891-82.
96 \So5
bush.
2.603.525
2,543.006
........
9,796,416
3.862,675
1.495,101
.........
231.950
9,240 062
4,4 4 5,528
881,813
301,187
17,991,670
17,417.656
Wheat
Com
Barley
Below are the rail
ports for fjur years:
has advanced this
week materially for the
while all grades have been
There has been
®
77
78
......
843,590
929,026
585,547
Flour
„
Wheat..
Corn....
1880-81.
1879-80.
1,130,415
453,355
2.035,103
5,254,520
3,424.039
1,441,589
6,230.228
1,399,115
993,297
450,937
,
331,460
233,590
12.10L.410
9,755,459
shipments from Western lake and river
r
*
1883.
1882."
1881.
Week
Feb. 10.
Week.
Feb. 11.
Week
Feb. 12.
bbla.
149,503
1F80.
Week
Feb. 14.
150,296
115,339
63,530
bish.
334,556
1,400,384
251,526
1,49(5.598
612,579
709,352
Friday, P. M„ February 16, 1383.
„
48
Barley.
22S.137
22,400;
9,900
bbla.
Flour
V'«A58-....
BREADSTUFFS.
Canada No. 1
Canada bright...
Canada No. 2
State, 4-rowed...
State. 2-rowed...
®
®
1,847,475
2,293,734
1,181,658
Total eiain
speculation, the
Barley—
30,310
Same wk. ’31
Ry6....
wheat.
Oats—
Mixed
White
No. 2 mixed
No. 2 white
74
76
The comparative
5 45
•
Rye—Western
State & Canada..
Corn.
377,957
52,899
82,295
132,776
51,500
175
...
•
541
OtMfov....
there was
Rye dour, superfine..
Corn meal—
Bbls.WQlbs Bush.GO lbs: Busli.50 lbs Bush.32 lbs
BushA8lbs Bush. 56 lbs
1831
d.
j
SepUOct...
last
5 60® 7 15
4 75 » 5 65
4 CO® 4 30
The movement of breadstuff* to market is indicated
ia the
statements below, prepared by us from the
figures
of
the
New
York Produce Exchange.
We first give the receipts at Western
Lake and River
ports, arranged so as to present the comparative
movement for the week
ending Feb. 10 and since Aug. 1 for
each of the last three years:
Tot. wk. ’83
Same wk. ’82
Thurs.y Feb. 13.
d.
Mar.-April..
April-May..
bad
family brands
stip’g extras.
South’n
SinceAug.l—
Open High Low. Clos.
ciTe on
Southern bakers' and
....
5 54
....
5 53
5 40
d.
Spring.per bush.
Spring No. 2
Duluth
vance in
City skipping iextras. $5 60® 6 00
Wheat—
Peoria.
,
25®
OO®
6 00®
Buckwheat
5 G2-6ii.
3-64rL
means 6
d.
onr
OO®
75®
5 OO ®
Paten is, winter
favor.
Barely
steady.
Dull.
steady.
In
otherwise stated.
Feb.-Mar..
50
3 65
4 OO
5 50
6 50
5,5
7 00
4 50
8 00
7 50
5 25 ®
Patents, spring
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
end 6 03
3
3
4
5
do bakers’
Wis. & Minn, rye mix.
Minn, clear and stra’t
Winter shipp’g extras.
5^16
12,000
2,000
steady.
{
j
5p,m.
Mod.
freely
freely met. supplied.
55r
5^8
Dull
l
Market,
Friday.
bbl. $2 85® 3
GRAIN.
futures.
Market,
Fair
demand
t‘a16
5 Q
10,000
Thursday.
No. 2 spring...$
No. 2 winter
,-.r.
Oats
391,251
190.351
11,436
Barley
Rye
Total
...
2,378,978
189,745
284.307
1,413,077
605,930.
176,530
91,975
96,414
42,701
22,356
110.227
39.375
2,510,305
1,639,703
1,977,667
The rail and lake shipments from same
ports for last four
weeks
were:
Week
ending—
Feb.
Feb.
Jan.
Jau.
Flour,
Wheat,
bols.
10... 149,508
410,556
552,890
263,497
324,233
3...207,336
27... 101.987
20... 172,214
Tot.,4w. 631,045
4w’ks 82..574,349
Corn,
bush.
1,551,181
1,332,612
bush.
1,467.384
1,640,337
Oats,
bush.
391,251
1,193.440
684,271
309,263
1,327,961
690,4S8
5,629,122 2,075,273
6,762.169 3,091,742
Barley,
bush.
190,851
326,131
104,410
202,245
Rye,
bush.
11,436
26.289
20,856
36.877
823,646 95,453
439.505 167,535
The receipt? of flour and grain at the seaboard
ports for the
week ended Ftfk, 10, follow:
Flour.
At—
New York
Obis.
141,400
69,020
11,892
Boston
Portland
Montreal
Wheat,
bush.
230.802
138,525
21,571
67,600
3,800
75,500
21,850
287,400
Corn,
bush.
469,421
157,000
Oats.,
bush.
149,920
71,825
Barley,
bush.
54,450
1,500
14,400
1,500
2,950
2,000
2,630
1,900
130.300
418,350
16,200
14,400
7,667
209,234
17,447
Total week.
278,837
Cor. week’82.. 212,437
853,627 3 ,437,255
602,877 11,132,700
5,437
Philadelphia...
Baltimore
New Orleans...
..
15,500
275,522
Rye,
bush.
2,000
......
72,250
17,900
480,054 111,300
17,450
THE i/iiUONICLE.
204
The total receipts at the same ports for
Dec. 25, 18b2, to Feb. 10, 1883, compare as
^years:
the period from
follows for four
LVol. XXXVI.
staple and department goods was made
by a
leading houses in execution of orders received
fair distribution of
of the
few
through the medium of traveling salesmen.
Domestic Cotton Goods.—'The exports of cotton goods
were
1,449 packages, including 564 to Great Britain, 383 to
4,239.612
4.267,819
6,270,033
Wheat
bush.
6,785.300
Argen¬
4,899,747
11,060,258
9.767,280
6,318,188
tine Republic, 226 to Venezuela, 82 to Mexico, &c. The
demand
2,238,100
2,135.999
2,957,892
gaw
2,773,767
723.500
752,387
767,470 for plain cottons has been of very fair proportions, and the
Barley
484.477
128,637
237,245
70,839
'Rye
117,278
best makes of brown and bleached goods, wide
sheetings, &c„
12,943,684
Total fra to
19,928,111
15,787,130
18.331,976 are in such moderate supply that prices are
firmly maintained.
The exports from the several seaboard ports for week ending
Blue denims and colored ducks were in fair request
by con¬
Feb, 10, 1883, are shown in the annexed statement:
verters and the trade, but brown denims and tickings continued
Exports
sluggish, and cheviots and cottonades ruled quiet in first hands.
Peas.
Corn.
Oats.
Flour.
Wheat.
Rye.'
from —
Grain bags were in good demand, and some makes have
Bush.
Bush.
Bush.
Bush.
Bash.
Bbls.
advanced ^c. Quilts and white goods were fairly active and
478.403
218.521
New Yorli
2,858
53,334
14,030
173,055
Boston.
111,143
27,238
57,757
very firm, at ruling rates. Print cloths were quieter, but prices
Portland.
29,384
67,600
10,640
remain steady (because of the limited supply) at 3 13-16c. for
Montreal.
147.600
28,500
Philadel..
4,53*6
64x64s, and 3%o. for 56x60s. Prints were mostly quiet and
Baltim’re
433,107
366.415
17,154
5
N.Orl’ns
125,238
67,046
1,545
steady, and ginghams were in irregular demand and somewhat
in price.
Total w’k.
43,414 unsettled
926,217 1,175,413
2,863
53,384
233,157
fl’me tlm»
Domestic Woolen Goods —There was a farther, though
not
51,394
1882.
115,877
9,956
422,076 461,302
very marked, improvement in the demand for heavy clothing
The destination of these exports is as below.
We add the woolens. Fair-sized orders were placed by the
clothing trade
corresponding period of last year for comparison:
for cotton warp and all wool cassimeres and suitings, and
Corn.
Wheat.
Flour.
worsted coatings were more active in some quarters. Despite
Exports
the advancing tendency of wool and yarns, both cassimeres and
1882.
1883.
1883.
1882.
1882.
1883.
for week
Week.
Week,
Week,
Week,
to—
Week,
Week,
worsted coatings have been opened at rather les3 than last year’s
Feb. 10.
Feb. 11.
Feb. 10.
Feb. 11.
Feb. 11.
Feb. 10.
prices, but some makes of the latter have already been marked
Bush.
Bush. ‘
Bush.
Bush.
Bbls.
Bbls.
Overcoatings
87,602
492,209
394,364 1,042,402
339,988 up by agents, and the tone of the market is firm.
U .n. King.
195,73!
4
20
88,896
108,392 were in moderate demand, and there was a light business in
Coutin’ut
37,408
434,008
5,851
250
S.& C.Am
14,393
17,731
1,200
2,614
Kentucky jeans were a trifle more active, and fair
54
W. Indies i
8,288 cloakings.
12,800
6,909
42,120
Brit. Col’s!
2,8.5
5,000 sales of satinets were reported in some quarters,
4,164
though the
20
795
23*
218
Oth.c’nt’tj
general demand lacked spirit. Wool suitings and sackings,
422,076 1,175,413
926,217
464,302
115,S7:
233,157
also worsted dress fabrics, continued in steady request, and a
By adding this week’s movement to our previous totals we fairly satisfactory distribution of carpets was made by agents
have the following statement of exports since September 1, this
and leadifig jobbers.
■season and last season.
Foreign Dry Good3.—There was a slightly improved demand
Obis.
Flour
1882-83.
1881-82.
1880-81.
2,179,394
1,348,797
1,054,949
1879-80.
1.177,541
....
..
.
.
..
.
.
..
-
Flour.
Exports since
jSept. 1, to—
Un.
Corn.
TF7icaf.
1882-63.
1881-82.
1882-83.
1881-82.
1882-83.
1881-82.
Sept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1 to
Feb. 10.
Feb. 1!.
Feb. 10.
Feb. 11.
Feb. 10.
Feb. It.
Bbls.
Bbls.
Bush.
Bush.
Bush.
Bush.
Kingdom
Continent...
S. &C. Am...
West Indies.
8,366,118
981,957
93,262
14,083.459
3,140,864
245,381
224,955
67,118
266.966
3,403,308
336,333
348,355
448,161
299,687
21,813
1,450,330 23,315,132
88,372 18,958,959
88,678
319,714
32,329
296,152
7,806
256,630
199,603
19,638
19,150,867
6,426,981
3,loo
19,760
200,268
53,917
79,120
32,766
4,857.187
2,430,836
25,807,631
9,787,327
17,848,556
42,597,507
Dress
lore
goods were in fair demand, and
sought for. Woolens, linens and
Importations of Dry Goods.
The
importations of dry goods at this port for the week
The visible
supply of grain, comprising the stocks in granary
at lake and seaboard
ports, and in transit by rail and water, Feb. 10, 1883, was as
at the
;
principal points of accumulation
■
follows:
Wheat,
Barley,
bush.
bush.
bush.
bush.
998,76G
929,062
71,795
236,330
24,000
61,500
16,224
107,000
30,199
125,000
139,500
332,874
246,000
97,000
bush.
Albany (eat.)
979,736
Buffalo*
“
afloat
Milwaukee
Duluth
Toledo
Detroit
5,564,060 3,916,722 1,560,577
325,000
984,287
1,193,999
357,477
19,826
1,330,840
708,578
140,000
Oawego
1,017,877
Bt. Louis
Boston.
304,107
338,188
204,318
Toronto
■Montreal
Philadelphia
Peoria
Indianapolis
.-Kansas City
"Baltimore
Down Mississippi.
(t
X
O
’
’
Tot.
Tot.
Tot.
Tot.
Tot.
Tot.
517,376
14,961
55.000
33 936
9.068
2.200
4,5(6
6.1*87
14,644
300,000
905
1,286,670
95,923
202,749
108,450
3,474
65,529
131,010
26,000
568,853
€6,500
170.556
75.000
47,665
59.965
13,227
.
14,600
15,690
26,237
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Feb. 10, *83. 22,188,094 10,576,733 4,029,082 1,929,054 1,556,401
Feb.
3, ’83. 22,289,436 10.700.651 4.352,164 2,057,761 1,646,084
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Jan. 27, ’83.
Jan. 20, ’83.
Jan. 13, ’83.
Feb. 11, ’32
1,948,663
21,909,113 9,550,497
21,770,312 9,575,797
21,388,769 9,423,510
13,134,223 17,837,770
619,341
299,561
3,985, L95 2,303,521 1,506,689
4,419,625 2,792,300 1,494,001
4.471,821 2,946,494 1,540,239
2.933,208 2,671,830 1,167,792
to
THE
DRY
GOODS
TRADE.
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Friday, P. M.f February 16, 1883.
dry goods trade has been unfavorably influenced the
past week by stormy weather here and disastrous floods in
some parts of the West.
Operations on the part of package
buyers were continued on a strictly moderate scale, and, while
actual requirements were supplied without hesitancy, there
was very little disposition to anticipate future wants, and the
volume of business done by commission houses and importers
was by no means as large as expected.
The jobbing trade was
also quiet as regards the demand by personal selection, but a
The
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38,700
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1,224
6,088
29,824
4.364
157,279
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On rail
'
*6,147
5,417
a
*1
526,322
203,793
1,541
399,614
119,644
110,700
479.027
306,723
«
29,051
193,542
732,664
8.920
305.500
198,932
946,941
c
P
65.000
Chicago
~
e:
%
g: : p;
Rye,
6,160,294
125,000
In store at—
New York
Do. afloat (eat.)
Oats,
Corn,
s
a
tr
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